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Z.l
June 1985
Flow of Funds
1985: Q1
Flow of Funds Accounts,
First Quarter 1985
Seasonally Adjusted and Unadjusted
Board of Governors of the Federal Reserve System, Washington, D.C. 20551
CONTENTS
PAGE
iii-v
vi-viii
Credit Aggregate Growth Rates
Information Status for Preliminary Estimates
SUMMARY TABLES
1
2
4
Income and Product Distribution
Funds Raised in Credit Markets
Credit Market Supply of Funds
SECTOR TABLES
6
8
10
12
14
16
18
20
22
24
26
Households
Total Nonfinancial Business
Noncorporate Business
Nonfinancial Corporate Business
State+Local Governments
Foreign
U.S. Government + Credit Agencies
Banking System
Commercial Banking Subsectors
Nonbank Finance
Savings Insitutitons
Insurance + Pension Funds
Finance N.E.C.
TRANSACTION TABLES
28
30
32
34
36,38
40
42
44
46,48
50
52
54
Monetary and Insurance Reserves
Interbank Claims
Deposit Claims
U.S. Government Securities
Private Securities
Mortgages
Consumer Credit and Bank Loans N.E.C.
Open Market Paper
Other Loans
Security Credit, Trade Credit, and Taxes
Miscellaneous
Total Claims
Savings by Individuals
Dis crepancies
Flow of Funds Accounts
First Quarter 1985
The tables published here Include revisions for all four quarters
of 1984 from the version published in February, but for 1983 and earlier years
the estimates are unchanged from then. The revisions reflect bank data,
corporate working capital estimates, consumer credit statistics, foreign capital
flows and other kinds of information that become available more slowly. Current
figures also reflect revisions to the time-pattern of short-term borrowing by
state and local governments in 1984. In addition consumer credit figures have
been adjusted to remove holdings of second trusts by finance companies.
Preliminary estimates. Figures shown for the most recent quarter
in these tables are based on preliminary and incomplete information and are
therefore only tentative. At the end of this preface is a list of the principal
sources of information that were available in putting together the quarter on
this preliminary basis, and the significance of individual items in the tables
should be judged on the basis of the list. The list is summary in form and is
by no means a complete statement of sources of data or of derivation methods.
Because much of the source information consists of sector balance sheets or
statements of activity, the list is organized mainly in terms of sectors. For
nonfinancial activity included in the accounts, however, such as sector income
and capital outlays, the Commerce Department's income and product accounts are
the principal source, and this part of the system is included separately at the
beginning of the list.
The items that are shown as available are in general also preliminary
in the sense that they are subject to revision once a year on the basis of
benchmark data.
"Available” for them means that the basic quarterly estimates
have been completed in a form that will usually stand until the next annual
revision. Virtually all quarterly data sources are compiled within five or six
months of the end of the quarter, and the distinction between the two columns
is not between final and preliminary versions of data but rather between those
source estimates that are fully ready when the first quarterly estimate is put
together and those that are not yet completed.
Availability. This publication is part of the quarterly series that
is usually available near the end of the second month following the last quarter
reported and that is distributed to a mailing list. The process of printing
and mailing causes delays of up to two weeks from the time the estimates are
completed. To facilitate earlier access in the meantime, copies of the computer
printouts are distributed to Federal Reserve Bank information offices for use
by the public.
The current quarterly tables are an extension of a body of data
that begins in 1946 in annual form and in 1952 quarterly. Annual-total flows
and year-end outstandings were most recently published in Flow of Funds
Accounts 1949-78 (December 1979). That publication is superseded, however,
by the historical revisions that first appeared in the August 1981 publication
in this quarterly series, and a replacement volume will appear in the near
future. Meanwhile, quarterly data are available in computer data tape form
for the complete set of accounts or in specific printings of selected tables
on request. A complete set of tables on levels, or stocks, of financial claims
will be published soon.
Requests and inquiries about the data, historical tabulations and
computer tapes of the data should be addressed to:
Flow of Funds Section
Room B-5100, Stop 95
Board of Governors of the
Federal Reserve System
20th and Constitution Ave.
Washington, D. C. 20551
(202) 452-3482.
- ii -
JUNE 10, 1985
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES
------------------------- DOMESTIC NONFINANCIAL--------------------STATE &
U.S.
PVT.
HOUSE- NONFIN. LOCAL
TOTAL
GOVT. NONFIN. HOLDS BUSINESS GOVTS.
FOREIGN
NONFINANCIAL
FINANCIAL
ALL
SECTOR
PRIVATE
FINANCIAL
ASSETS
ANNUAL CHANGE (PER CENT)
1973
10.8
9.1
9.2
2.4
3.4
23.7
12.9
10.4
6.2
13.2
8.2
7.4
14.3
13.3
5.2
7.1
7.6
5.9
10.5
22.4
14.2
10.8
9.6
9.4
30.9
20.1
3.1
12.4
10.5
8.8
11.6
8.3
9.6
1977
1978
1979
10.6
12.6
13.0
12.0
15.5
11.0
9.4
6.0
9.5
13.0
13.9
13.5
11.7
16.1
17.0
15.2
8.3
12.1
12.5
13.2
6.0
5.1
6.7
6.7
21.2
12.2
27.2
12.5
11.0
12.6
13.6
12.0
8.8
17.5
24.1
21.6
10.8
13.0
14.5
13.0
10.5
10.4
10.8
11.3
1980
1981
1982
1983
9.6
9.6
9.3
11.1
11.9
11.8
19.4
18.8
9.0
9.1
6.9
9.1
9.0
8.6
5.8
10.2
9.7
11.2
7.4
7.5
6.2
2.1
10.3
11.0
14.9
13.0
6.6
8.3
9.8
9.8
9.2
11.0
13.5
15.9
11.3
13.3
10.2
10.5
9.4
11.3
9.7
10.9
9.3
11.2
1984
14.0
16.9
13.1
12.8
14.1
9.9
.2
13.4
16.9
13.8
13.0
1975
1976
QUARTERLY GROWTH RATES (SEASONALLY ADJUSTED ANNUAL. RATES)
1982 -- I
11
III
IV
8.1
8.2
10.1
9.7
13.4
11.3
22.9
25.2
6.9
7.5
7.0
5.7
5.0
6.6
4.8
6.5
8.9
8.1
8.8
3.2
6.4
9.3
9.1
15.0
3.0
6.3
7.4
12.3
7.9
8.2
10.0
9.8
10.8
16.3
7.5
8.8
8.2
9.1
9.7
9.7
6.8
8.5
10.0
10.7
1983 -- I
II
III
IV
9.1
11.4
10.4
12.0
21.1
22.5
15.0
12.0
5.9
8.3
9.1
12.0
6.3
9.3
11.0
12.9
4.7
5.9
7.5
11.3
9.3
15.4
7.1
10.5
3.9
9.5
5.7
13.4
8.8
11.3
10.2
12.0
10.7
10.6
14.0
15.3
9.1
11.2
10.6
12.4
9.9
11.3
10.0
11.9
1984 -- I
II
III
IV
12.6
13.3
11.9
15.5
16.2
13.3
14.7
19.3
11.5
13.2
11.1
14.4
11.0
14.2
10.8
13.1
13.9
15.0
10.6
14.3
2.6
-1.0
15.0
22.1
-4.3
20.1
-14.4
.4
11.8
13.6
10.7
14.9
16.8
14.4
17.7
14.8
12.4
13.7
11.6
14.9
11.1
14.3
10.8
13.4
1985 — I
11.3
12.2
11.1
11.9
9.4
15.9
-7.6
10.6
17.4
11.5
8.5
iii
JUNE 10, 1985
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES
DOMESTIC NONFINANCIAL
TOTAL
U.S.
GOVT.
PVT.
NONFIN.
HOUSE- NONFIN.
HOLDS BUSINESS
STATE 8
LOCAL
GOVTS.
FOREIGN
NON
FINAN
CIAL
FINAN
ALL
CIAL SECTOR
PRIVATE
FINANCIAL
ASSETS
ANNUAL FLOWS (BILLIONS OF DOLLARS)
1973
1974
1975
1976
1977
187.7
175.3
193.0
243.5
319.4
8.3
11.8
85.4
69.0
56.8
179.4
163.5
107.6
174.5
262.6
78.1
54.8
53.5
91.5
140.7
88.5
94.1
41.8
69.8
110.0
12.8
14.6
12.3
13.2
12.0
6.3
15.0
11.3
19.3
13.5
194.0
190.3
204.4
262.8
332.9
45.8
39.0
7.3
21.0
45.8
239.8
229.3
211.6
283.8
378.7
142.1
113.5
141.6
170.7
185.5
1978
1979
1980
1981
1982
369.8
386.0
344.6
380.4
404.1
53.7
37.4
79.2
87.4
161.3
316.2
348.6
265.4
293.1
242.8
172.0
179.3
122.1
127.5
94.5
127.6
151.7
126.1
159.4
117.1
16.5
17.6
17.2
6.2
31.3
33.8
20.2
27.2
27.2
15.7
403.6
406.2
371.8
407.6
419.8
74.1
82.4
62.9
84.1
69.0
477.7
488.7
434.7
491.8
488.8
213.6
246.5
237.2
292.5
276.1
1983
1984
526.4
734.2
186.6
198.8
339.8
535.4
175.4
241.7
127.7
256.9
36.7
36.8
18.9
.6
545.3
734.8
90.7
131.1
635.9
865.9
364.7
469.1
QUARTERLY NET FLOWS (SEASONALLY ADJUSTED ANNUAL RATES)
1982 — I
II
III
IV
352.3
363.9
454.8
445.5
111.0
97.3
201.9
234.9
241.3
266.6
252.8
210.6
81.7
107.7
79.6
108.9
140.3
130.1
144.4
53.5
19.3
28.8
28.8
48.2
7.1
13.2
15.8
26.7
359.4
377.1
470.6
472.2
66.3
102.1
49.0
58.5
425.7
479.3
519.6
530.6
201.4
257.4
308.0
337.5
1983 -- I
II
III
IV
428.6
549.3
516.2
611.4
209.6
234.5
165.2
136.9
219.0
314.8
351.0
474.4
108.5
161.0
195.9
236.1
79.4
101.1
129.9
200.3
31.1
52.7
25.1
38.0
8.9
21.6
13.3
31.7
437.5
570.9
529.5
643.1
73.2
74.7
100.6
114.1
510.7
645.7
630.1
757.2
322.2
377.4
340.6
418.6
1984 — I
II
III
IV
660.4
717.5
664.9
893.9
191.3
163.5
186.3
254.1
469.1
554.0
478.6
639.8
206.7
274.9
216.3
268.8
252.7
282.7
206.5
285.8
9.7
-3.7
55.8
85.2
“10.5
48.8
“36.8
•
.9
649.9
766.3
628.0
894.8
130.3
116.5
148.0
129.6
780.2
882.9
776.1
1024.4
400.1
532.6
414.3
529.2
1985 ~ I
678.2
167.6
510.6
251.8
194.0
64.8
“18.8
659.4
158.0
817.4
345.3
- iv
-
JUNE 10/ 1985
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES
DOMESTIC NONFINANCIAL
TOTAL
U.S.
GOVT.
PVT.
NONFIN.
HOUSE- NONFIN.
HOLDS BUSINESS
STATE 8
LOCAL
GOVTS.
FOREIGN
NON
FINAN
CIAL
FINAN
ALL
CIAL SECTOR
PRIVATE
FINANCIAL
ASSETS
YEAR-END OUTSTANDINGS
1973
1974
1975
1976
1977
1919.1
2094.2
2288.8
2532.6
2854.1
349.1
360.8
446.3
515.8
572.5
1570.1
1733.4
1842.6
2016.9
2281.5
670.9
725.5
778.8
871.2
1012.2
705.9
800.0
843.5
912.2
1023.9
193.3
207.9
220.2
233.5
245.5
67.0
79.8
91.2
110.6
123.9
1986.2
2174.0
2380.0
2643.2
2978.0
194.0
232.6
239.9
261.1
307.1
2180.2
2406.7
2619.9
2904.3
3285.0
1364.0
1479.2
1620.5
1791.7
1977.8
1978
1979
1980
1981
1982
3218.1
3604.2
3948.3
4328.4
4728.9
626.2
663.6
742.8
830.1
991.4
2591.9
2940.7
3205.5
3498.3
3737.5
1182.5
1362.5
1487.0
1619.2
1712.1
1147.3
1298.5
1421.7
1576.1
1691.1
262.0
279.6
296.9
303.0
334.3
161.9
182.5
209.6
237.0
226.4
3380.0
3786.7
4157.9
4565.4
4955.3
381.1
464.7
527.6
611.7
683.4
3761.1
4251.4
4685.5
5177.1
5638.7
2190.0
2437.1
2678.0
2971.2
3247.3
1983
1984
5255.3
5977.5
1177.9
1376.8
4077.3
4600.7
1887.5
2120.7
1818.8
2072.2
371.0
407.8
245.2
246.3
5500.5
6223.8
774.3
907.3
6274.8
7131.0
3610.2
4082.1
QUARTERLY OUTSTANDINGS/ SEASONALLY ADJUSTED
1982 — I
II
III
IV
4415.8
4506.8
4612.2
4728.9
857.9
882.2
932.7
991.4
3558.0
3624.6
3679.5
3737.5
1639.4
1666.3
1680.5
1712.1
1610.8
1643.3
1676.7
1691.1
307.9
315.0
322.2
334.3
210.2
213.5
217.4
226.4
4626.1
4720.3
4829.5
4955.3
628.3
653.8
666.1
683.4
5254.3
5374.1
5495.6
5638.7
3012.9
3077.3
3153.7
3247.3
1983 — I
II
III
IV
4836.1
4973.4
5102.4
5255.3
1043.8
1102.4
1143.7
1177.9
3792.3
3871.0
3958.7
4077.3
1739.3
1779.5
1828.5
1887.5
1710.9
1736.2
1768.7
1818.8
342.1
355.3
361.5
371.0
228.6
234.0
237.3
245.2
5064.6
5207.4
5339.7
5500.5
702.0
720.7
745.8
774.3
5766.6
5928.0
6085.5
6274.8
3328.2
3422.6
3505.5
3610.2
1984 — I
II
III
IV
5409.3
5587.3
5754.0
5977.5
1225.8
1266.7
1313.2
1376.8
4183.5
4320.6
4440.8
4600.7
1931.1
1998.9
2053.5
2120.7
1878.9
1949.2
2000.8
2072.2
373.5
372.5
386.5
407.8
243.1
255.3
246.1
246.3
5652.3
5842.5
6000.1
6223.8
809.1
837.8
874.8
907.3
6461.4
6680.4
6874.9
7131.0
3713.2
3846.0
3949.8
4082.1
1985 — I
6147.0
1418.7
4728.4
2183.7
2120.7
424.0
241.6
6388.6
946.7
7335.4
4168.4
V
Information Status for Preliminary Estimates
NONFINANCIAL—
1.
National income and product
accounts
Major items missing
Available
Second quarterly estimate, seasonally
adjusted
Seasonally unadjusted data.
FINANCIAL—
2.
Households
Estimates for this sector are almost entirely residual and derived from data
for other sectors. Availability is thus dependent on schedules for other
sectors. Principal types of borrowing—mortgages and consumer
mortgage borrowing, open-market
paper
5.
7.
Nonfinancial corporate business
Rest of the world (U.S.
(International Transactions)
For preceding quarter: working
capital, net security issues,
foreign dir
Working capital, foreign direct
investment, U.S. Government loans
for Government security holdings
Government securities
Preceding quarter complete except for
reports by U.S. nonbanking concerns.
Current quarter for bank-reported
capital movements.
Direct investment flows for current
quarter and claims and liabilities of
U.S. nonbanking concerns for two
quarters.
- vi -
Major items missing
Available
FINANCIAL—
Monthly Treasury Statement of Receipts
and Outlays for last month of quarter,
Federal Financing Bank Statement
Loans outstanding except at Federal
Financing Bank
Sponsored credit agencies
Balance sheets for FNMA, Home Loan
Banks, Farm Credit Administration
securities outstanding. FCA loans
for most recent June or December
FCA loans for March and September
10.
Mortgage pools
Complete
None
11.
Monetary authorities
Complete
None
12.
Banking
All-bank totals for preceding quarter,
current-quarter indicators for banking
and monetary estimates through last
month of current quarter.
Recent all-bank totals
13.
Savings and loan associations
Last month of quarter on summary
monthly basis
Detailed balance sheets and liquidity
statements
14.
Mutual savings banks
Complete
None
15.
Credit unions
Deposit flows and consumer credit
Other assets
16.
Life insurance companies
Two months of quarter
Last month
17.
Private Pension Funds
Preceding quarter
Current quarter
18.
State and local government
retirement system
Preceding quarter
Current quarter
19.
Other insurance companies
Preceding year
Current year
8.
9.
U.S. Government
- vii -
FINANCIAL-
Available
Major items missing
20.
Finance companies
Complete
None
21.
REIT's
Preceding quarter
Current quarter
22.
Investment companies and
money market funds
Complete
None
23.
Security brokers and dealers
Borrowings
Assets
- viii
JUNE 10, 1985
Incoae and Product Distribution
Incone and Product Distribution
Incone and Product Accounts:
Gnp Expenditures and Gross Saving
SEASONALLY ADJOSTED ANNOAL BATES
SEASONALLI ADJOSTED ANNUAL BATES
1980
1981
1982
1983
1984
|
1
1983 |
iv 1
1984
I
II
III
|
IV |
1985
I
1
2631.7
2957.7
3069.3
3304.8
3662.8
3431.7
3553.3
3644.7
3694.6
3758.7
3817.2 Total GNP
1
2
3
4
5
6
2205.9
1668. 1
214.7
340.8
197.0
2445.6
1849.1
235.4
367.6
228.9
2635.4
1984.9
245.1
391.5
258.9
2841.4
2155.9
279.8
415.8
269.7
3089.2
2341.8
318.8
452.0
295.4
2921.5
2230.2
299.8
425. 1
266.3
2981.0
2276.5
310.9
436.8
267.6
3076.4
2332.7
320.7
447.4
296.4
3122.4
2361.4
317.2
458.9
302.0
3177.0
2396.5
326.3
464.8
315.7
3235.1 Current outlays
2446.1
Bouseholds
Of vhich consaaer durables
334.5
State and local governaents
472.2
O.S. governnent
316.8
2
3
4
5
6
7
8
9
10
11
12
13
401.9
411.7
102.9
4.5
75.0
75.2
1.8
484.2
458.1
104.3
4.9
74.6
76.7
1.3
414.9
441.0
91.4
4.8
62.1
59.5
1.5
471.6
485. 1
132.2
6.3
94.7
86.8
1.0
637.8
579.6
153.9
6.7
108.3
106.4
1.1
540.0
527.3
143.4
6.8
101.6
101.3
.9
623.8
550.0
151.2
6.7
109.0
102.9
.9
627.0
576.4
155.6
6.7
111.6
107.4
1.0
662.8
591.0
155.3
6.7
106.6
108.8
1.2
637.8
601.1
153.5
6.8
105.9
106.7
1.0
14
15
16
-2.0
-1.0
-1.0
-3.4
-1.7
-1.7
1.1
.5
.5
6.9
3.5
3.5
.8
.4
•4
-.7
-.3
-.3
5. 1
2.5
2.5
3.2
1.6
1.6
-3.4
-1.7
-1.7
-1.8
-.9
-.9
17
18
19
20
21
23.4
20.6
.2
2.5
-
24.8
14.4
7.8
2.6
-
24.4
10.9
11. 1
2.3
.1
31.2
15.0
12.3
3.8
.1
38.9
18.9
14.8
5.1
.1
35. 1
16.4
14. 1
4.5
.1
35.5
17.3
13.3
4.8
•1
37.3
18.5
13.9
4.8
.1
42.0
19.3
17.2
5.4
•1
40.8
20.5
14.7
5.5
•1
38.0
21.4
11.4
5.2
.1
22
23
24
25
26
27
308.8
8.6
18.7
50.0
13.7
217.8
353.9
9.8
18.3
61.3
16.0
248.5
349.6
11.0
14.7
65.7
17.1
241.1
352.9
12.4
14.2
62.9
19.2
244.3
425.7
13.9
13.1
69.5
21.3
307.9
383.9
12.9
15.3
63.6
19.9
272. 1
398.8
13.3
13.8
66.9
20.5
284.3
420.8
13.7
12.9
68.5
21.0
304.7
435.7
14.1
12.6
71.0
21.6
316.3
447.7
14.5
13.1
71.6
22.1
326.4
455.3
14.9
13.0
73.5
22.6
331.2
28
29
30
31
32
-9.8
-5.3
-4.5
-1.3
-3.2
26.0
7.8
18.2
1.2
17.0
-26. 1
-2. 1
-24.0
-1.8
-22. 1
-13.5
-10.4
-3. 1
*
-3. 1
58.2
8.6
49.6
3.2
46.4
12.7
-1.4
14.1
1.3
12.7
73.8
13.2
60.6
4.2
56.4
50.6
3.5
47.0
3.9
43.2
71.8
8.1
63.7
2.9
60.8
36.6
9.4
27.2
1.9
25.3
40.6
7.1
33.5
1.1
32.4
33
34
35
23.9
338.8
314.8
28.0
369.9
341.9
19.0
348.4
329.4
-8.3
336.2
344.4
-64.2
364.3
428.5
-29.8
346. 1
375.9
-51.5
358.9
410.4
-58.7
362.4
421. 1
-90.6
368.6
459.3
-56.0
367.2
423.2
36
37
38
1828.9
110.2
6.0
2041.7
137.4
6.7
2180.5
136.0
6.2
2340.1
118. 1
5.0
2576.8
156.1
6.1
2428.6
128.6
5.3
2502.2
152.5
6.1
2554.3
144.8
5.7
2606.4
164.1
6.3
2644.5
163.0
6.2
2653.4 Disposable personal incoae
118.3 Personal saving
4.5 Saving rate (per cent)
39
40
-61.2
30.6
-64.3
37.6
-148.2
32.9
-178.6
44. 1
-175.8
52.9
-180.5
51. 2
-161.3
53.9
-163.7
54.5
-180.6
47.6
-197.8
55.6
39
-161.1 Federal governnent surplus
53.7 St. ♦ local governaent surplus 40
41
42
43
44
45
234.6
.4
29.9
26.9
177.4
221.2
• 1
24.4
19.5
177.2
165.5
-.2
22.4
19.6
123.7
203.2
-. 1
24.8
29.6
148.9
235.7
-.1
23.0
27.8
185.0
225.5
-. 1
25.6
28.5
171.6
243.3
-. 1
25.7
28.7
189.0
246.0
-. 1
21.3
28.9
195.9
224.8
-.1
24.3
26.6
173.9
46
47
48
49
84.8
.3
17.8
66.7
81.1
.3
17.3
63.6
60.7
16.4
44.3
75.8
V
17.8
58.0
89.8
*
18.6
71.2
84.5
*
17.8
66.7
92.7
*
18.2
74.5
95.8
♦
18.6
77.2
83.1
♦
18.7
64.3
87.7
*
19.0
68.7
50
51
52
53
54
55
58.6
•2
-3.3
61.7
43.5
18.2
66.5
•3
-1.5
67.6
53.1
14.5
69.2
.4
-.2
69.0
56.5
12.6
72.9
.4
.3
72.2
62.4
9.9
80.5
.4
.6
79.5
70.5
8.9
75.4
.4
•4
74.7
63.5
11.2
77.7
.4
•4
76.9
65.5
11.4
79.9
.4
•6
79.0
69.9
9.1
81.3
.4
.7
80.2
70.5
9.7
56
57
58
59
60
61
62
91.2
-.1
12.5
11.7
67.2
49.0
18.2
73.5
-.5
3.7
9.9
60.5
46.0
14.5
35.6
-.6
3.4
9.8
22.9
10.4
12.6
54.5
-.5
11.6
14.9
28.5
18.6
9.9
65.4
-.5
8.5
14. 1
43.2
34.3
8.9
65.6
-.5
10.3
14.4
41.4
30.2
11.2
72.9
-.5
10.1
14.3
49.0
37.6
11.4
70.2
-.5
9.7
12.2
48.8
39.8
9.1
63
64
65
66
-16.3
-.3
-1.7
-14.3
-7.6
-.3
-1.4
-6.0
3. 1
33.2
.4
-.2
33.0
55.7
•8
•2
54.7
43.6
•5
-1.0
4.0
43. 1
47.6
.7
.1
46.9
67
68
69
70
71
72
73
74
75
293.2
44.1
7.2
16.4
46.2
179.3
9.3
2.2
167.8
330.3
48.5
7.8
18.1
53.2
202.6
10.6
2.5
189.5
358.8
51. 1
8.3
19.2
58.4
221.8
12.0
2.7
207.1
377. 1
53.2
8.9
19.6
64.2
231.2
13.2
2.8
215.2
403.3
57.4
9.6
20.0
70.0
246.2
15.0
2.8
228.5
386.4
54.7
9.2
19.8
66.3
236.4
13.9
2.8
219.7
76
77
182.0
475.1
196.3
526.6
209.6
568.5
218.3
595.4
233.6
636.9
223.8
610.2
♦
♦
651.2 Gross doaestic investnent
610.6
Private fixed investaent
Besidential construction
155.3
fiobile hones
6.5
1-4 Easily structures
110.8
Household purchases
107.8
Earn
1.0
Change in vork in
process on nonfara
1.9
Noncorporate
1.0
Corporate
1.0
Bulti-faaily units
Households (1)
Noncorporate business
Nonfin. corp, business
Beits
Nonres. plant ♦ eguipaent
Nonprofit inst. (BH)
Ears
Nonfara noncorp. bus.
Financial corporations
Nonfin. corp, business
Inventories
Earn
Nonfara
Noncorporate
Corporate
-69.1 Net exports
Exports
363.5
432.6 - Iaports
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Corporate profits, taxes, and dividends:
224.2
Profits - total
228.7
-.1
Earns
-.1
20.7
23.3
Eoreign
Financial corporations
27.1
27.5
Nonfin. corporate business
173.5
181.0
41
42
43
44
45
84.2
*
18.6
65.6
Tax accruals - total
Earns
Financial corporations
Nonfin. corporate business
46
47
48
49
83.1
•4
.9
81.8
76.3
5.5
84.5
.4
1.0
83.1
79.6
3.5
Dividends - total
Faras
Financial corporations
Nonfin. corporate business
Net dividends paid
♦ Net fgn. div. received
50
51
52
53
54
55
60.3
-.5
7.2
14.6
39.0
29.3
9.7
58.0
-.5
7.2
15.2
36.1
30.6
5.5
55.5
-.5
8.0
19.8
28.2
24.7
3.5
Ondist. profits - total
Earns
Financial corporations
Eoreign
Nonfin. corporate business
Donestic undist. prof.
♦ Net fgn. div. received
56
57
58
59
60
61
62
52.3
.7
•2
51.4
58.3
•8
•3
57.2
64.5
•9
.4
63.2
69.3
1.1
•4
67.8
Cap. cons, adjust. - total
Earns
Financial corporations
Nonfin. corporate business
63
64
65
66
391.8
55.8
9.4
19.9
66.8
239.9
14.3
2.8
222.8
400.0
56.7
9.5
20.0
69.7
244.1
14.8
2.8
226.5
406.9
58.0
9.7
20.1
71.0
248.1
15.2
2.8
230.1
414.4
58.9
9.9
20.2
72.5
252.8
15.7
2.8
234.3
422.5 Total capital consuaption
Owner-occupied hones (BH)
60.1
Nonprofit institutions (BH)
10.1
Ears noncorporate
20.3
Nonfara noncorp. business
74.3
Total corporate
257.7
Financial business
16.2
Corporate fares
2.8
238.7
Nonfin. corporate business
67
68
69
70
71
72
73
74
75
227.9
619.7
231.3
631.3
235.8
642.7
239.3
653.7
Heno: Cap. cons, on consuaer
durables not included above 76
243.5
666.0 Tot. cap. cons. incl. durables 77
78
2.3
5.6
-.5
•5
-7.4
-4.8
2.2
-9.0
-13.0
-9.9
-7.0 Statistical discrepancy
78
79
80
36.1
15.5
36.7
16.0
36.7
15.6
37.3
14.7
38.1
14.5
37.5
14.4
38.1
14.3
39.0
14.4
37.0
14.5
38.3
14.6
37.6 Profit tax rate (per cent)
15.5 Personal tax rate (per cent)
79
80
(1) Purchases of condoniniun units.
BILLIONS OF DOLLABS.
1/85 BASED ON INCOMPLETE INFOBHATION.
JUNE 10, 1985
Funds Raised in credit flarkets
Funds Baised in Credit Barkets
Suaaary of Het Funds Baised in Credit aad Eguity flarkets
2
OBADJUSTED NET FLOHS (J HILL)
UNADJUSTED MET FLOHS($ HILL)
|
|
1983 |
IV |
1984
III
II
I
|
IT |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Net credit flarket Borrowing by Nonfinancial Sectors
1
Total net borrowing by donestic
nonfinancial sectors
161,708 140,390 182,107 178,988 232,676 139,255
2
3
4
0.S. governaent
Treasury issues
Agency issues * nortgages
5
Private donestic
nonfinancial sectors
36,180
36,209
-29
49,427
49,501
-74
31,166
31,202
-36
54,048
54,083
-35
64,161
64,183
-22
41,827
41,866
-39
193.0
243.5
319.4
369.8
386. 0
1
85.4
85.8
-.4
69.0
69. 1
-.1
56.8
57.6
-.9
53.7
55. 1
-1.4
37.4
38.8
-1.4
2
3
4
90,963 150,941 124,940 168,515
97,428
107.6
174.5
262.6
316.2
348,6
5
6
7
8
9
10
11
12
13
Debt capital instruaents
Tax-exeapt obligations
Corporate bonds
Hortgages
Hone aortgages
flulti-faaily resid.
Conaercial
Fara
69,764
15,010
3,486
51,268
32,603
3,920
14,190
555
52,079
1,905
6,506
43,668
29,529
3,444
10,451
244
75,928
9,057
6,200
60,671
37,441
4,871
17,484
875
79,382
17,507
10,035
51,840
31,371
2,344
17,549
576
93.261
30,465
14,264
48,532
31,536
3,682
13,518
-204
68,059
12,691
12,548
42,820
30,689
3,599
8,134
398
100.9
16.1
27.2
57.6
42.0
♦
11.0
4.6
123.6
15.7
22.8
85. 1
63.9
3.9
11.6
5.7
171. 1
21.9
22.9
126.3
94.0
7.1
18. 1
7. 1
199.7
28.4
21. 1
150.2
112.2
9.2
21.7
7.2
211.2
30.3
17.3
163.6
120.0
7.8
23.9
11.8
6
7
8
9
10
11
12
13
14
15
16
17
18
Other debt instruaents
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other
55,764
27,355
19,939
-1,600
10,070
38,884
7,419
17,399
5,639
8,427
75,013
31,109
24,761
13,419
5,724
45,558
27,680
6,957
6,515
4,406
75,254
30,279
28,283
-1,819
18,511
29,369
14,158
1,131
3,689
10,391
6.7
9.6
-10.4
-2.6
10. 1
50.9
25.4
4.5
4.0
16.9
91.6
40.2
27. 1
2.9
21.3
116.5
48.8
37.4
5.2
25. 1
137.5
45. 4
51.2
11.1
29.7
14
15
16
17
18
19
20
21
22
23
24
25
By borrowing sectors
State+local governaents
Households
Nonfinancial business
Fara
Nonfara noncorporate
Corporate
125,528
10,646
66,710
48,172
-998
20,792
28,378
90,963 150,941 124,940 168,515
-2,875
4,469 12,154 23,014
40,196 65,912 59,696 75,870
53,642 80,560 53,090 69,631
3,786
110
2,098 -3,646
13,836 26,868 18,428 19,648
39,696 49,906 32,564 53,629
97,428
10,427
48,823
38,178
-920
9,221
29,877
107.6
12.3
53.5
41.8
8.5
12.5
20.9
174.5
13.2
91.5
69.8
10.2
15.4
44.2
262.6
12.0
140.7
110.0
12.3
28.0
69.7
316.2
16.5
172.0
127.6
14.6
32.4
80.6
348.6
17.6
179.3
151.7
21.4
34.4
96.0
19
20
21
22
23
24
25
-2,206
-273
—227
-3,304
1,598
-3,753
577
-5,736
-34
1,440
11.3
6.2
2.0
.3
2.8
19.3
8.6
5.6
1.9
3.3
13.5
5. 1
3. 1
2.4
3.0
33.8
4.2
19.1
6.6
3.9
20.2
3.9
2.3
11.2
2.9
26
27
28
29
30
169.162 138,184 194,723 169,602 232,254 135,502
204.4
262.8
332.9
403.6
26 Fgn. net borrowing in O.S.
27
Bonds
Bank loans n.e.c.
28
Open-aarket paper
29
U.S. governaent loans
30
31 Total doaestic plus foreign
125,528
7,454
744
-388
5,982
1,116
12,616
814
-1,950
12,730
1,022
-9,386
590
-3,376
-7,577
977
-422
2,932
-2,235
-1,484
365
406.2 31
Net Credit Market Borrowing by Financial Sectors
Total net borrowing
1 by financial sectors
30,510
24,128
35,722
37,426
33,847
30,200
7.3
21. 0
45.8
74. 1
82.4
1
U.S. governaent-related
Sponsored credit ag. sec.
Mortgage pool securities
Loans froa 0.S. governaent
16,469
3,200
13,269
16,667
5,543
11,124
•
16,725
9,045
7,680
24,650
12,456
12,194
16,310
3,386
12,924
-
17,659
3,259
14,400
10.3
2.3
7.1
.9
14.3
2.5
12.2
-.4
22.0
7.0
16. 1
-1. 1
37.1
23. 1
13.6
.4
47.9
24.3
23. 1
.6
2
3
4
5
Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Cpen-aarket paper
Fed. Hoae Loan Bank loans
14,041
5,150
7
2,212
5,581
1,091
7,461
937
7
-1,582
9,444
-1,345
18,997
7,032
8
780
2,926
8,251
12,776
2,286
8
271
3,065
7,146
17,537
8,554
9
1,489
5,869
1,616
12,541
3,082
9
-1,064
10,444
70
-3.0
3.2
•4
-3.7
1.1
-4.0
6.7
9.8
.4
-3.7
2.2
-2.0
23.8
10.1
*
-.3
9.6
4.3
37.0
7.5
. 1
2.3
14.6
12.5
34.5 6
7.8 7
♦ 8
-.5 9
18.0 10
9.2 11
12 Total, by sector
Sponsored credit agencies
13
14
Mortgage pools
30,510
3,200
13,269
24,128
5,543
11,124
35,722
9,045
7,680
37,426
12,456
12,194
33,847
3,386
12,924
30,200
3,259
14,400
7.3
3.2
7. 1
21.0
2. 1
12.2
45.8
5.9
16. 1
74. 1
23.5
13.6
82.4 12
24.8 13
23.1 14
15
16
17
18
19
20
14,041
-289
2,556
1,590
10,122
62
7,461
-211
4,212
940
2,498
22
18,997
2,226
5,811
8,331
2,587
42
12,776
-720
-1,537
8,110
6,906
17
17,537
2,264
2,440
5,274
7,539
20
12,541
1,200
2,770
-2,773
11,336
8
-3.0
.2
.6
-4.2
.5
-. 1
6.7
.7
5.4
-1.7
4.3
-1.9
23.8
.6
2.0
6.9
16.9
-2.5
37.0
.2
7.2
13.5
17.6
-1.4
34.5
.2
6.5
12.6
16.5
-1.3
15
16
17
18
19
20
2
3
4
5
6
7
8
9
10
11
Private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
Total Net Credit flarket Borrowing, All Sectors, by Type
1 Total net borrowing
2
U.S. governaent securities
Tax-exeapt Obligations
3
4
Corporate + foreign bonds
5
Mortgages
199,672 162,312 230,445 207,028 266,101 165,702
52,669 66,131 47,915 78,726 80,482 59,511
15,010
1,905
9,057 17,507 30,465 12,691
9,380
7,170 14,046 12,911 25,750 16,207
51,255 43,638 60,655 51,820 48,530 42,804
211.6
94.9
16.1
36.7
57.9
283.8
83.8
15.7
41.2
85.4
378.7
79.9
21.9
38.0
126.2
477.7
90.5
28.4
32.8
150.2
488.7
84. 8
30.3
29.0
163.5
1
2
3
4
5
14,158
-5,669
14,099
11,901
9.6
-12. 1
-1.2
9.8
25.4
6.4
8. 1
17.8
40.2
29.9
15.0
27.5
48.8
58.8
26.4
41.9
45.4
52.9
40.3
42.4
6
7
8
9
10 fleao: U.S. govt, cash balance -24,324
1,722
-242 16,835 -12,053 -1,239
Totals net of changes in U.S. govt, cash balances:
11 Net borrowing by doa. nonfin. 186,032 138,668 182,349 162,153 244,729 140,494
12
By U.S. governaent
60,504 47,705 31,408 37,213 76,214 43,066
2.9
3.2
1. 1
3.8
• 6 10
190.2
82.5
240.4
65.9
318.3
55.7
366. 1
49.9
385.4 11
36.8 12
6
7
8
9
Consuner credit
Bank loans n.e.c.
Open-aarket paper
Other loans
27,355
21,763
9,963
12,277
7,419
15,590
11,779
8,680
31,109
23,591
29,075
14,997
27,680
3,852
2,003
12,529
30,279
27,537
2,566
20,492
External Corporate Eguity Funds Baised in U. S. narkets
1 Total net share issues
Hutual funds
2
3
All other
4
Nonfinancial corporations
Financial corporations
5
Foreign shares
6
purchased in 0. S.
14,310 -1,850 -19,371 -6,619 -7,531
4,845
8,674
6,400 13,652
6,278
8,881 23,395
5,910 -15,502 -25,649 -15,293 -16,412 -18,550
5,000 -15,873 -26,382 -16,800 -17,925 -21,250
646
735
726
778
797
830
264
1/85 BASED ON INCOHPLETE INFOBHATION.
-364
7
729
716
1,870
10.6
-.3
10.9
9.9
•8
10.6
-2.4
13. 1
10.5
2.2
6.5
.9
5.6
2.7
2.5
1.9
-. 1
1.9
-. 1
2.5
-3.8
.1
-3.9
-7.8
3.2
1
2
3
4
5
.2
.3
•4
-.5
•8
6
JOKE 10, 1985
Funds Raised in Credit Harkets
Funds Baised in Credit Harkets
Suaaary of Het Funds Baised in Credit and Eguity Markets
3
SEASOBALLI ADJUSTED ANBOAL BATES
SEASONALLY ADJOSTED ABBOAL BATES
1
1980
1981
1982
1983
1984
J
1983 i
IT 1
19 £4
I
II
III
|
IT |
1985
I
Het Credit Market Borrowing by Bonfinancial Sectors
1
344.6
380.4
404. 1
526.4
734.2
611.4
660.4
717.5
664.9
893.9
Total net borrowing by donestic
678.2
nonfinancial sectors
1
2
3
4
79.2
79.8
-.6
87.4
87.8
-.5
161. 3
162. 1
-.9
186.6
186.7
-. 1
198.8
199.0
-.2
136.9
137. 1
-. 1
191.3
191.6
-.3
163.5
163.7
-.1
186.3
186.4
-. 1
254. 1
254.2
-. 1
167.6
167.8
-.2
O.S. governaent
Treasury issues
Agency issues * aortgages
2
3
4
5
265.4
293.1
242.8
339.8
535.4
474.4
469.1
554.0
478.6
639.8
510.6
Private doaestic
nonfinancial sectors
6
7
8
9
10
11
12
13
192.0
30.3
26.7
135.1
96.7
8.8
20.2
9.3
159.1
22.7
21.8
114.6
76.0
4.3
24.6
9.7
158.9
53.8
18.7
86.5
52.5
5.5
23.6
5.0
239.3
56.3
15.7
167.3
108.7
8.4
47.3
2.9
300.7
58.9
37.0
204.7
129.9
14.3
59.0
1.5
276.7
55.5
7.8
213.4
135.5
15.6
58.3
4.0
245.8
28.8
34.2
182.8
124.9
13.6
43.5
.8
279.0
14.7
23.5
240.8
150.2
19.9
68.4
2.3
309.3
77.2
40.7
191.3
112.3
9.3
67.7
2.1
368.6
115.0
49.5
204.0
132.2
14.6
56.4
.8
14
15
16
17
18
73.4
6.3
36.7
5.7
24.8
134.0
26.7
54.7
19.2
33.4
83.9
21.0
55.5
-4. 1
11.5
100.5
51.3
27.3
-1.2
23. 1
234.7
96.5
77.4
23.8
37.1
197.8
84.6
64.5
9.4
39.3
223.3
78.8
98.5
12. 1
33.9
275.0
125.4
84.0
50.9
14.8
169.3
90.2
30.1
23.1
25.9
19
20
21
22
23
24
25
265.4
17.2
122.1
126.1
14.4
33.7
78. 1
293.1
6.2
127.5
159.4
16.3
40.2
102.9
242.8
31.3
94.5
117.1
7.6
39.5
70.0
339.8
36.7
175.4
127.7
4.3
63.9
59.5
535.4
36.8
241.7
256.9
2.3
78.8
175.8
474.4
38. 0
236. 1
200.3
11. 1
79.9
109.4
469.1
9.7
206.7
252.7
3. 1
68.9
180.6
554.0
-3.7
274.9
282.7
-1.4
97.3
186.8
26
27
28
29
30
27.2
.8
11.5
10. 1
4.7
27.2
5.4
3.7
13.9
4.2
15.7
6.7
-6.2
10.7
4.5
18.9
3.8
4. 9
6.0
4.3
.6
4.1
-7.8
.4
4.0
31.7
3.0
.3
23.9
4.5
-10.5
-1.1
-2.6
-13.2
6.4
31
371.8
407.6
419.8
545.3
734.8
643. 1
649.9
5
310.5
73.8
59.3
177.4
127.7
14. 1
34.0
1.6
Debt capital instruaents
Taz-exeapt cbligations
Corporate bonds
Bortgages
Hoae aortgages
Hulti-faaily resid.
Coaaercial
Fara
6
7
8
9
10
11
12
13
271.2
91.5
97.1
8.9
73.8
200. 1
119.4
34.7
4.1
41.8
Other debt instruaents
Consuaer credit
Eank loans n.e.c.
Open-aarket paper
Cther
14
15
16
17
18
478.6
55.8
216.3
206.5
6.7
73.4
126.4
639.8
85.2
268.8
285.8
.9
75.5
209.4
510.6
64.8
251.8
194.0
-.5
51.6
142.8
By borrowing sector:
Statevlocal governaents
Households
Honfinancial business
Fara
Bonfara noncorporate
Corporate
19
20
21
22
23
24
25
48.8
3.3
-9.4
50.9
4.1
-36.8
2.4
-12.8
-30.3
3.9
.9
11.7
-6.3
-5.9
1.5
766.3
628.0
-18.8 Fgn. net borrowing in O.S.
Bonds
2.3
-26.7
Bank loans n.e.c.
Open-aarket paper
-.1
5.8
O.S. governaent loans
26
27
28
29
30
894.8
659.4 Total doaestic plus foreign
31
Het Credit Market Borrowing by Financial Sectors
Total net borrowing
by financial sectors
1
62.9
84.1
69.0
90.7
131.1
114. 1
130.3
116.5
148.0
129.6
158.0
2
3
4
5
44. 8
24.4
19.2
1.2
47.4
30.5
15.0
1.9
64.9
14.9
49.5
.4
67.8
1.4
66.4
74.4
30.4
43.9
69.6
16.2
53.4
•
77.6
34.9
42.7
-
60.7
26.8
33.9
-
88.9
42.1
46.7
-
70.3
18.0
52.3
-
83.1
27.6
55.4
-
O.S. governaent-related
Sponsored credit ag. sec.
Hortgage pool securities
Loans froa O.S. governaent
6
7
8
9
10
11
18.1
7.1
-. 1
-.9
4. 8
7. 1
36.7
-.8
-.5
.9
20.9
16.2
4. 1
2.5
.1
1.9
-1.2
.8
22.9
17. 1
*
-.2
13.0
-7.0
56.8
18.8
*
1.0
21.3
15.7
44.5
18.9
*
1.7
22.5
1.3
52.7
6.7
55.9
27.2
59.2
9.2
74.9
15.8
-4.4
44.8
5.5
4.7
-1.9
25.9
4.7
17.7
27.6
59.3
32.1
*
-1.1
24.6
3.7
Private financial sectors
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Eank loans
12
13
14
62.9
25.6
19.2
84. 1
32.4
15.0
69.0
15.3
49.5
90.7
1.4
66.4
131.1
30.4
43.9
114. 1
16. 2
53.4
130.3
34.9
42.7
116.5
26.8
33.9
148.0
42. 1
46.7
129.6
18.0
52.3
15
16
17
18
19
20
18. 1
.2
6.9
7.4
5.8
-2.2
36.7
-.1
8.3
15.5
12.8
.2
4. 1
.6
1.9
2.5
-.9
.1
22.9
—.2
8.6
-2.7
17.0
•2
56.8
3.6
10.9
22.7
19.5
.1
44.5
-1.2
10.2
7.2
28.0
.2
52.7
-.8
16.8
12. 1
24.5
.1
55.9
8.9
23.2
26.2
-2.6
.2
59.2
-2.9
-6.1
29.3
38.9
.1
59.3
9. 1
9.8
23. 1
17.4
.1
♦
♦
»
Total Net Credit Market Borrowing, All Sectors, by Type
———•——————— ———————————>———
434.7
122.9
30.3
34.6
134.9
491.8
133.0
22.7
26.4
113.9
488.8
225.9
53.8
27.8
86.5
635.9
254.4
56.3
36.5
167.2
865.9
273.3
58.9
59.9
204.6
757.2
206.6
55.5
29.7
213.3
780.2
269.0
28.8
39.9
182.6
882.9
224.3
14.7
54.0
240.7
776.1
275.3
77.2
52.2
191.2
1024.4
324.4
115.0
93.4
204.0
6
7
8
9
6.3
47.3
20.6
37.8
26.7
59.3
54.0
55.8
21.0
51.2
5.4
17. 2
51.3
32.0
17.8
20.3
96.5
70.6
45.4
56.7
84.6
66. 5
55.8
45. 1
78.8
91.5
43.8
45.7
125.4
79.2
99.9
44.8
90.2
22.0
10.5
57.4
91.5
89.6
27.5
78.9
-51.6
21.8
-15.1
663.0
188.6
638.6
169.5
732.7
178.7
-3.8
*
7.3
-7. 1
6.3
11
12
348.4
83.0
380.5
87.4
396.8
154.0
533.5
193.7
727.9
192.5
-2.6
50.5
11.1
6
7
8
9
10
11
158.0 Total, by sector
27.6
Sponsored credit agencies
55.4
Hortgage pools
12
13
14
Private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
15
16
17
18
19
20
74.9
4.8
11.1
-3.5
62.5
*
——
1
2
3
4
5
10
V
1
2
3
4
5
817.4 Total net borroving
250.8
O.S. governaent securities
73.8
Tax-exeapt Obligations
77.4
Corporate ♦ foreign bonds
177.3
Hortgages
1
2
3
4
5
119.4
5.4
54.4
58.7
6
7
8
9
Consuaer credit
Bank loans n.e.c.
Cpen-aarket paper
Other loans
17.0
1.4
9.5 Heno: O.S. govt, cash balance 10
Totals net of changes in O.S. govt, cash balances:
668.6
892.5
Met borroving by doa. nonfin. 11
647.9
252.6
158.1
By O.S. governaent
169.3
12
External Corporate Eguity Funds Baised in 0. S. Harkets
4
5
22.2
5.2
17.1
12.9
2.1
-4.1
6.3
-10.4
-11.5
.8
35.3
18.4
16.9
11.4
4.0
67.8
32.8
34.9
28.3
2.7
-35.4
37.5
-72.9
-77.0
3.0
57.4
33.7
23.6
20.0
2.6
-11.1
50.9
-62.0
-63.5
2.9
-75.4
27.2
-102.6
-105.5
2.9
-25.3
35.9
-61.2
-67.2
3.1
-29.7
36.0
-65.6
-71.7
3.2
6
2.1
.3
1.5
4.C
1.1
1. 1
-1.5
♦
2.9
2.9
1
2
3
BILLIONS OF DOLLARS.
1/85 BASE! OH IHCOHPLETE INFORHATION .
15.2 Total net share issues
89.4
Hutual funds
All other
-74.2
Honfinancial corporations
-85.0
3.3
Financial corporations
Foreign shares
purchased in O.S.
7.5
1
2
3
4
5
6
JUNE 10, 1905
Credit Harket Supply of Funds
Credit Harket Supply of Funds
Direct and Indirect Sources of Funds to credit Harkets
4
OHADJOSTED HET FLOHS($ HILL)
OHADJOSTED HET FLOHS($ HILL)
1983
IV |
1984
BILLIOHS OF DOLLABS
1976
1977
1978
1985
I
1975
Total funds advanced in credit aarkets'
to doa. nonfinan. sectors
1
161,708 140,390 182,107 178,988 232,676 139,255
193.0
243.5
319.4
369.8
386.0
1
2
3
4
5
6
1
I
II
III
|
IV |
1979
By Federal agencies and foreign
17,177
-959
14,752
-1,345
4,729
33,604
8,160
10,098
8,251
7,095
30,998
2,961
12,704
7,146
8,187
60,477
25,800
18,449
1,616
14,612
26,075
-7,682
19,988
70
13,699
39.6
18.0
15.8
-4.0
9.8
49.8
23. 1
12.3
-2.0
16.4
79.3
34.9
20.0
4.3
20.2
102.3
36. 1
25.7
12.5
28.0
75.2
-6.3
35.8
9.2
36.5
26,963 17,177
7 By type of lender:
O.S. governaent
1,632
1,832
8
Spons. credit ag.*atg. pools 16,459 15,034
9
Honetary authority
-4,620 -1,841
10
11
Foreign
2,352
13,292
Agency and foreign borrowing net in line 1:
12
Spons. credit ag.+atg. pools 16,469 16,667
7,454 -2,206
Foreign
13
33,604
2,746
19,798
1,988
9,072
30,998
3,132
18,231
2,151
7,484
6 0,477
11,307
19,041
6,116
24,013
26,075
5,963
18,966
-272
1,418
39.6
13.4
11.6
8.5
6.1
49.8
7.9
16.8
9.8
15.2
79.3
10.0
22.5
7.1
39.6
102.3
17. 1
40.3
7.0
38.0
75.2 7
19.0 8
53.0 9
7.7 10
-4.6 11
16,725
12,616
24,650
-9,386
16,310
-422
17,659
-3,753
10.3
11.3
14.3
19.3
22.0
13.5
37.1
33.8
47.9 12
20.2 13
158,668 137,674 177,844 163,254 188,087 127,086
52,116 67,090 39,755 75,765 54,682 67,193
9,057 17,507 30,465 12,691
15,010
1,905
5,177
6,997
2,406
4,463
8,493
3,660
19,133 18,184 32,190 20,983 16,758 14,275
2S,337
71,094 43,973 100,630 49,148 79,305
7,146
1,616
70
8,251
1,091 -1,345
175.0
76.9
16. 1
32.8
26.2
19.0
-4.0
227.3
60.7
15.7
30.5
55.4
63. 1
-2.0
275.6
45.1
21.9
24. 1
81.0
107.8
4.3
338.4
54.3
28.4
23.4
95.6
149.3
12.5
379.0
91. 1
30.3
18.5
91.9
156.3
9.2
14
15
16
17
18
19
20
21
22
23
24
25
26,963
553
17,370
1,091
7,949
2 Total net advances, by type
O.S. governaent securities
3
4
Besidential aortgages
5
FHLB advances to s+l’s
6
Other loans and securities
Private doaestic funds advanced
14 Total net advances
O.S. governaent securities
15
Tax-exempt obligations
16
17
Corporate and foreign bonds
18
Besidential aortgages
19
Other aortgages and loans
Less: FHLB advances
20
Private financial internediation
Credit narket funds advanced
by private financial insts.
Coaaercial banking
Savings institutions
Insurance and pension funds
Other finance
133,338 122,764 134,486 122,100 165,488
54,092 38,723 47,395 35,475 58,349
33,606 37,574 46,399 37,512 23,650
28,511 24,211 26,185 31,806 30,751
17,129 22,256 14,507 17,307 52,738
97,016
16,153
23,134
33,071
24,658
132.4
29.5
50.9
52.0
*
195.4
59.8
68.4
55.7
11.4
262.9
87.8
78.5
73. 1
23.6
315.7
128.5
72.3
89.5
25.5
313.9
123. 1
56.5
85.9
48.5
133,338 122,764 134,486 122,100 165,488
26 Sources of funds
27
Private doaestic dep. + BP’s 90,121 52,750 62,609 48,354 124,837
14,041
18,997 12,776 17,537
7,461
Credit aarket borrowing
28
97,016
10,374
12,541
132.4
94.9
-3.0
195.4
123.0
6.7
262.9
139.6
23.8
315.7
142.7
37.0
313.9 26
137. 4 27
34.5 28
21
22
23
24
25
29
30
31
32
33
Other sources
Foreign funds
Treasury balances
Insurance and pension res.
Other, net
29,176
16,847
11,315
29,999
-6,355
62,553
6,143
1,519
23,361
31,530
52,880
10,116
-1,000
30,828
12,936
60,970
1,895
12,678
24,274
22,123
23,114
-1,576
-9,172
27,723
6,139
74,101
14,356
881
28,063
30,801
40.5
-8.6
-1.7
40. 1
10.7
65.6
-4.5
-. 1
41.5
28.7
99.5
1.4
4.3
55.4
38.5
136. 1
6.5
6.8
74.9
47.9
142.0
27.6
•4
72. 8
41.2
29
30
31
32
33
53,930
46,105
9,182
-2,980
-2,643
4,266
40,136
14,075
18,129
1,494
-4,481
10,919
99.6
52.5
9.9
-1.4
8.6
30.0
34
35
36
37
38
39
Private donestic nonfinancial investors
34 Direct lending in cr. aarkets
U.S. governaent securities
35
Tax-exeapt obligations
36
37
Corporate and foreign bonds
Open-aarket paper
38
Other
39
39,371
16,738
7,272
1,487
6,313
7,561
22,371
28,790
-2,471
1,267
-5,360
145
62,355
32,775
8,462
3,773
11,665
5,680
42,611
28,521
6,451
-2,355
10,032
-38
39.6
18.2
8.4
6.3
-2.9
9.6
38.7
12.5
3.3
10.8
.3
11.8
36. 5
23.3
-.8
-.2
3.8
10.4
59. 6
33.5
3.6
-6. 3
8.3
20.5
40 Deposits and currency
Currency
41
Checkable deposits
42
96,979
5,526
20,499
51,798
465
-5,192
12,730
66,479 47,133 124,861
1,356
5,593
2,563
-2
1,928 -11,298 37,348 -26,465
102.0
6.3
9.3
132. 1
7.4
10. 4
149.0
8. 2
17.2
153.9
9.3
16.2
146.8 40
8.0 41
18.3 42
43
44
Saall time ♦ svgs. deposits
Honey aarket fund shares
41,911
-457
35, 765
11,228
31,412
3,854
30,546
5,129
51,525
26,978
42,274
-3,030
97.9
1.3
121. 3
*
93.6
.2
65.9
6.9
59.3 43
34. 4 44
45
46
47
Large tiae deposits
Security BP’s
Foreign deposits
18,548
9,620
1,332
11,301
-352
-1,417
24,398
1,017
-1,723
27,928
-3,951
-1,219
12,527
-3,541
-2,539
-2,595
190
1,000
-13.8
.2
.8
-11.0
2.3
1.7
26. 4
2.2
1.3
46. 3
7.5
2.0
18.8 45
6.6 46
1. 5 47
74,169 128,834 101,063 164,997
55,341
141.6
170.7
185.5
213.6
246. 5 48
19,243
76,338
15,774
19.4
75.7
-2.5
18.9
85. 9
10.6
23.8
95.4
41.0
25.3
93.3
18.5 49
82.8 50
23.0 51
48
Total of credit akt. instru
nents, deposits, and currency 136,350
49 Public holdings as X of total
50 Pvt. finan. internediation (X)
51 Total foreign funds
15,939
84,035
30,139
12,430
89,170
8,495
17,257
75,620
19,188
18,276
74,791
9,379
26,039
87,984
22,437
44.6
Corporate Eguities Not Included Above
1 Total net issues
Hutual fund shares
2
Other eguities
3
4 Acg. by financial institutions
5 Other net purchases
4,845
14,310 -1,850 -19,371 -6,619 -7,531
8,674
6,278
8,881 21,395
8,400 13,652
5,910 -15,502 -25,649 -15,293 -16,412 -18,550
10.6
— .3
10.9
10.6
-2.4
13. 1
6.5
.9
5.6
1.9
-. 1
1.9
-3.8
. 1
-3.9
1
2
3
5,907 -2,600
8,397 10,158
-7,757 -16,771 -15,016 -17,689
10.7
-. 1
12.9
-2.3
7.8
-1.3
4.7
-2.8
12.9
-16.7
4
5
7,995
6,315
1/85 BASED OH INCOHPLETE INFOBHATION.
9,096
-4,251
JOHE 10, 1985
Credit Harket Supply of Funds
Credit flarket Supply ot Funds
Direct and Indirect Sources of Funds to Credit Harkets
5
SEASOHALLT ADJOSTED AHHUAL BATES
1
SEASOHALLT ADJOSTID AHHOAL BATES
1980
1981
1982
1983
1984
344.6
380.4
404. 1
526.4
734.2
|
1
—
1984
1983 |
IV 1
611.4
I
660.4
II
717.5
III
664.9
|
IV |
1985
I
Total funds advanced in credit narkets
678.2
to don. nonfinan. sectors
893.9
1
By Federal agencies and foreign
2
3
4
5
6
97.0
15.7
31.7
7.1
42.4
97.7
17.2
23.5
16.2
40.9
109. 1
18.0
61.0
.8
29.3
117. 1
27.6
76.1
-7.0
20.5
142.3
36.0
56.0
15.7
34.6
109.4
3.2
68.2
1.3
36.6
116.0
23.7
60.9
5.5
25.9
134.0
43.2
43.0
25.9
21.9
75.5
-27.4
47.6
27.6
27.7
7
8
9
10
11
97.0
23.7
45.6
4.5
23.2
97.7
24.1
48.2
9.2
16.3
109.1
16.0
65.3
9.8
18. 1
117.1
9.7
69.5
10.9
27. 1
142.3
18.8
72.1
8.4
42.9
109.4
10.5
70.7
-20.4
48.6
116.0
7.6
72.6
21.9
13.8
134.0
7.3
73.3
12.3
41.1
75.5
12.3
60.0
-22.8
26.0
12
13
44.8
27.2
47.4
27.2
64.9
15.7
67.8
18.9
74.4
.6
69.6
31.7
77.6
-10.5
60.7
48.8
88.9
-36.8
14
15
16
17
18
19
20
319.6
107.2
30.3
19.3
73.7
96.2
357.3
115.8
22.7
18.8
56.7
159.5
16.2
375.6
207.9
53.8
14.8
-3.2
103.2
.8
495.9
226.9
56.3
14.6
40.9
150.2
-7.0
666.9
237.3
58.9
25.1
88.1
273.1
15.7
603.3
203.5
55.5
3.5
82.7
259.5
1.3
611.5
245.4
28.8
28.9
77.4
236.5
5.5
693.0
181.1
14.7
16.6
126.9
379.6
25.9
641.4
302.7
77.2
28.6
73.9
186.7
27.6
243.5
104.4
72.5
3.7
63.0
155.9 Total net advances, by type
-.4
O.S. governnent secarities
82.4
Besidential aortgages
FBLB advances to s+l's
11.1
Other loans and securities
62.7
155.9 By type of lenders
243.5
O.S. governaent
25.2
48.2
82.4
Spons. credit ag.vatg. pools
90.0
30.4
22.2
Honetary authority
10.3
Foreign
90.7
Agency and foreign borrowing not in line 1:
70.3
83.1
Spons. credit ag.+ntg. pools
.9
Foreign
-18.8
2
3
4
5
6
7
8
9
10
11
12
13
Private donestic funds advanced
7.1
721.6
220.0
115.0
26.5
74.3
289.5
3.7
586.6 Total net advances
O.S. governaent securities
251.2
Tax-exeapt obligations
73.8
23.7
Corporate and foreign bonds
Besidential aortgages
59.3
Other aortgages and loans
189.7
Less: FflLB advances
11.1
14
15
16
17
18
19
20
Private financial internediation
21
22
23
24
25
281.5
100.6
Credit aarket funds advanced
by private financial insts.
Coaaercial banking
Savings institutions
Insurance and pension funds
Other finance
94.3
32.1
323.4
102.3
27.8
97.4
96.0
285.6
107.2
31.3
108.8
38.3
376.7
136.1
136.8
98.8
5.0
544.8
179.9
145.1
113.0
106.8
482.1
175.0
140.9
122. 3
43.8
546.0
205.2
144.8
84.4
111.7
524. 1
180.9
183. 1
109.3
50.8
499.9
143.6
150.1
126.9
79.3
609.3
190.1
102.5
131.2
185.5
442.6
115.1
84.1
119.0
124.4
26
27
28
281.5
169.6
18.1
323.4
211.9
36.7
285.6
174.7
4. 1
376.7
203.5
22.9
544.8
288.6
56.8
482. 1
237.3
44.5
546.0
273.5
52.7
524.1
293.4
55.9
499.9
216.8
59.2
609.3
370.5
59.3
26
442.6 Sources of funds
Private doaestic dep. ♦ ftp's 27
104.0
Credit aarket borrowing
28
74.9
29
30
31
32
33
93.9
-21.7
*2 • 6
83.9
34.2
74.8
-8.7
-1.1
90.4
-5.9
106.7
-26.7
6. 1
104.6
22.8
150.4
22.1
-5.3
99.2
34.4
199.5
16.6
4.0
106.2
72.7
200.3
81.5
-19.8
123. 2
15.4
219.8
21.1
14.0
91.4
93.3
174.9
10.2
-12.1
123.8
53.0
224.0
27.4
23.3
95.1
78.2
179.4
7.6
-9.0
114.5
66.4
263.7
54.6
10.6
110.2
88.3
34
35
36
37
38
39
56. 1
24.6
7.0
-5.7
-3.1
33.3
7 0.6
29.3
10.5
-8.1
2.7
36.3
94.2
37.4
34.4
-5.2
-. 1
27.8
142. 1
88.7
42.5
2.0
3.9
5.0
178.8
121.7
33.3
3.6
-.8
21.0
165.7
70.9
35.2
2.0
35.7
21.9
118.2
119.5
1.3
9.6
-25.7
13.5
224.8
143.0
10.0
21.0
25. 1
25.7
200.6
157.4
43.4
-16.9
3.0
13.7
171.6
67.0
78.5
•6
-5.7
31.1
218.9 Direct lending in cr. aarkets
O.S. governaent securities
128.2
Tax-exeapt obligations
38.2
-4.1
Corporate and foreign bonds
Cpen-aarket paper
38.0
18.5
Other
34
35
36
37
38
39
40
41
42
181.1
10.3
5.2
22 1.9
9.5
18.0
181.9
9.7
15.7
222.6
14.3
21.7
290.3
8.6
22.8
252.9
10. 2
-5.8
282.0
14.1
53.1
307.8
21.3
20.2
213.6
1.8
-39.9
357.7
-2.7
57.7
126.4 Deposits and currency
18.4
Currency
Checkable deposits
-31.2
40
41
42
43
44
82.9
29,2
47.0
107.5
138.2
24.7
219. 1
-44. 1
149.2
47.2
142. 4
-1.8
69.9
44.9
176.0
15.4
174.9
20.5
176.2
107.9
86.2
-12.1
45
46
47
45.8
6.5
1.1
36.9
-7.7
3.8
-7.5
14.3
4.8
76.2
-6.8
-6.9
64. 1
38.5
5.3
107. 1
-1.4
77.7
4. 1
-2.5
-5.7
-6.9
77.0
-15.8
-4.9
42.9
-14.2
-10.2
60.4
•8
4.0
48
237.2
292.5
276. 1
364.7
469.1
418.6
400. 1
532.6
414.3
529.2
Total of credit akt. instru345.3 aents, deposits, and currency 48
49
50
51
26.1
88.1
1.5
24.0
90.5
7.6
26.0
76.0
-8.6
21.5
76.0
49.2
19.4
81.7
59.5
17.0
79.9
130.0
17.8
89.3
35.0
17.5
75.6
51.3
12.0
77.9
53.4
27.2
84.4
98.3
23.6 Public boldings as J of total 49
75.5 Pvt. finan. internediation (X) 50
51
64.9 Total foreign funds
54.5
21
22
23
24
25
Other sources
29
Foreign funds
30
Treasury balances
31
Insurance and pension res. 32
Other* net
33
Private donestic nonfinancial investors
2.5
.5
Snail tine ♦ svgs. deposits
Honey aarket fund shares
43
44
Large tiae deposits
Security RP's
Foreign deposits
45
46
47
Corporate Equities Hot Included Above
1
2
3
22.2
5.2
17.1
-4. 1
6.3
-10.4
35.3
18.4
16.9
67.8
32.8
34.9
-35.4
37.5
-72.9
57.4
33.7
23.6
-11.1
50.9
-62.0
-75.4
27.2
-102.6
-25.3
35.9
-61.2
-29.7
36.0
-65.6
15.2 Total net issues
89.4
flutual fund shares
Other eguities
-74.2
1
2
3
4
5
24.9
-2.7
20. 1
-24.2
39.2
-3.9
57.5
10.2
21.9
-57.2
24.3
33. 1
29.9
-41.0
-14.8
-60.6
39.5
-64.8
32.8
-62.4
42.5 Acg. by financial institutions
-27.3 Other net purchases
4
5
BILLIONS OF DOLLARS.
Line
1/85 BASED ON INCOHPLETE INFORHATIOH
i.
Page 2, line i.
32.
Excludes investment of these reserves in corporate equities.
6.
Includes farm and commercial mortgages.
33.
Mainly retained earnings and net miscellaneous liabilities.
34.
Line 14 less line 21 plus line 28.
12.
Credit market funds raised by Federally sponsored credit agencies + federally
related mortgage pool securities.
35-39.
Line 1 less line 2 plus lines 12 + 13. Also line 21 less line 28 plus line 34.
Also sum of lines 29 and 48 less lines 41 and 47.
Lines 15-19 less amounts acquired by private finance plus
amounts borrowed by private finance. Line 39 includes mortgages
48.
Lines 34 + 40.
19.
Includes farm and commercial mortgages.
50.
Line 21/line 14.
27.
Line 40 less line 41 and 47.
51.
Line 11 plus line 30.
28.
Excludes equity issues and investment company shares.
14.
30.
Includes line 19.
Foreign deposits at commercial banks, bank borrowings from foreign branches,
and liabilities of foreign banking offices to foreign affiliates, net of claims on
foreign affiliates and deposits by banking foreign banks.
Demand deposits and note balances at commercial banks.
Also line 14 less line 29 plus lines 41 and 47.
Corporate Equities
Line
1 and 3. Includes issues by financial institutions.
JUNE 10, 1985
Households
Households
Sector Stateaents of Saving and Investaent
6
ONADJOSTED NET FLOWS(S BILL)
UHADJOSTED NET FLOWS(S HILL)
|
I
1983 |
IV |
1984
I
II
III
|
IV |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Households, Personal Trusts, and Nonprofit Organizations
740,450 700,638 735,302 769,256 806,937 754,652
98,575 98,973 111,580 113,959 110,783 117,717
1265.0
168.9
1391.2
196.8
1540.4
226.4
1732.7
258.7
1951.2
301.0
1
2
641,875 601,665 623,722 655,297 696,154 636,935
Disposable personal incoae
602,476 565,489 595,711 607,959 651,582 610,975
Personal outlays
39,399 36,176 28,011 47,338 44,572 25,960
Personal saving, NIA basis
6,076 12,574 25,234 14,042
Credits froa govt, insurance 14,051
5,948
3,305
1,235
Capital gains dividends
2, 126
858
621
1,000
Net durables in consuaption
26,980 12,422 22,146 19,785 30,820 14,088
1096. 1
1001.8
94.3
15.1
.2
26.5
1194.4
1111.9
82.5
17.7
.5
40.0
1314.0
1236.0
78.0
22.5
.6
49.6
1474.0
1384.6
89.4
27.9
.7
56.7
1650.2
1553.5
96.7
24.4
.9
52.5
3
4
5
6
7
8
82,556 57,979 63,589 92,978 90,669 50,996
71,924 73,285 74,391 75,879 77,034 78,421
154,480 131,264 137,980 168,857 167,703 129,417
136.1
132.2
268.3
140.6
145.9
286.4
150.8
162.0
312.8
174.7
182.5
357.2
174.5 9
206.4 10
380.9 11
151,951 156,920 153,399 179,925 160,647 156,700
12 Gross investaent
13
Capital expend, net of sales 119,493 107,099 111,501 116,347 129,803 115,117
Besidential construction
33,322 34,355 28,099 34,077 35,526 36,421
14
82,934 69,407 79,972 78,738 90,650 74,969
15
Consuaer durable goods
16
Nonprofit plant and eguip.
3,237
3,627
3,727
3,532
3,337
3,430
283.8
183.8
46.4
132.2
5.2
308.9
226.3
63.8
156.8
5.7
328.8
267. 1
83.0
178.2
5.9
370. 1
307.4
100.5
200.2
6.6
406.5
328.0
107. 3
213.4
7.3
41,583
92,475
100. 1
156. 1
82.6
180.6
61.7
205.7
62.8
238.6
78.5 17
261.9 18
1 Personal incoae
2 - Personal taxes and nontaxes
3
4
5
6
7
8
s
♦
♦
♦
9 = Net saving
10 ♦ Capital consuaption
11
Gross saving
17 Net financial investaent
32,458
18
Net acg. of financial assets 103,958
49,821 41,898 63,578 30,844
90,228 110,079 122,525 106,847
12
13
14
15
16
(1)
76,280
84,674 114,911 103,607
93,671
68,309
116.9
143.6
157.0
172.7
201. 4 19
20
21
22
23
24
Deposits
Checkable dep. * curr.
Saall tiae * svgs.dep.
Large tiae deposits
Honey narket fund shrs
55,731
5,556
40,973
9,659
-457
64,243
7,000
36,269
9,746
11,228
70,365
6,691
31,640
28,180
3,854
61,524
2,479
31,339
22,577
5,129
94,862
10,364
52,580
4,940
26,978
29,676
-2,777
43,616
-8,133
-3,030
92.4
6.9
97.0
-12.8
1.3
121.9
15.7
116.2
-10.0
*
128.2
19.8
95. 1
13. 1
.2
131.4
22.4
66.0
36. 1
6.9
130.2
21.3
59.9
14.5
34. 4
20
21
22
23
24
25
26
27
28
29
30
Credit nkt. instrunents
U.S. govt, securities
Tax exeapt obligations
Corporate ♦ fgn. bonds
nortgages
Open-narket paper
20,549
5,890
7,426
1,487
425
5,321
20,431
25,176
-2,684
1,267
137
-3,465
44,546
24,187
8,586
3,773
979
7,021
42,083 -1,191
40,279 -13,132
8,929 17,839
1,494
-2,980
544
1,703
-4,689 -9,095
38,633
18,184
6,259
-2,355
553
15,992
24.5
11.5
6.2
6.3
6.5
-6.0
21.7
6.3
2.0
10.6
7.4
-4.8
28.8
18.5
-1.5
-.2
8. 1
3.9
41.3
20.7
4. 1
-6.3
14.8
8. 1
71.2
35.4
10.4
-1.4
20.2
6.6
25
26
27
28
29
30
19
Dep. ♦ cr. nkt. instr.
31
32
Hutual fund shares
Other corporate eguities
8,674
8,400 13,652
6,278
8,881 23,395
-2,565 -21,961 -22,577 -22,127 -25,359 -26,509
-.3
-4.4
-2.4
-2.6
.9
-4.8
-. 1
-5.2
. 1 31
-18.4 32
33
34
Life insurance reserves
Pension fund reserves
2,018
35,528
2,008
35,434
2,001
31,982
8.1
46.8
8.8
51.3
9.5
62.2
11.2
75.5
10.7 33
84.3 34
35
36
37
Net inv. in noncorp. bus.
Security credit
Hiscellaneous assets
-18,681 -10,903 -22,382 -12,616 -12,530
1,541
861
1,161
326
2,816
1,824
1,817
1,818
1,926
1,821
-9,017
301
2,013
-15.3
•6
3.8
-24.9
1.5
5.5
-25.0
-1.0
6.9
-24.6
2.5
6.6
-25. 1 35
1.8 36
7.2 37
38
39
40
41
42
Net increase in liabilities
Credit narket instrunents
Hoae nortgages
Installnent cons, credit
Other consuner credit
2,012
20,610
2,017
28,467
2,005
40,300
71,500
66,710
34,271
20,836
6,519
40,407
40,196
34,239
6,156
1,263
68,181
65,912
31,927
24,881
6,228
58,947
59,696
29,653
22,731
4,949
76,003
75,870
33,430
23,031
7,248
50,892
48,823
36,445
11,067
3,091
56.0
53.5
40.6
7.7
1.9
98.0
91.5
61.4
21.5
3.9
144.0
140.7
90.8
37.0
3.2
175.8
172.0
111.5
43. 1
5.7
183.3
179. 3
121.2
38.4
7. 1
38
39
40
41
42
2,540
610
1,279
655
2,593
622
-4,987
310
2,656
610
-1,241
851
2,930
612
-2,651
1,472
3,192
607
7,882
480
2,664
605
-5,332
283
1.4
1.0
-1.2
2.2
2.0
•8
*
1.8
3.4
1. 1
2.8
2.3
2.6
1.3
4. 1
3.8
2.9
1.5
1.9
6.4
43
44
45
46
6,731
-2,090
149
-350
411
150
1,720
398
151
-1,434
530
155
-465
442
156
1,363
547
159
.7
1. 1
.7
4.8
1.2
.6
1.3
1.2
.9
1. 2
1.5
1. 1
1. 0 47
1.7 48
1.3 49
7,056 -27,283
-15.5
-22.5
-16.0
-13.0
-25.7 50
34,355 28,099 34,077 35,526 36,421
1,678
1,674
1,697
1,673
1,623
32,677 26,426 32,403 33,829 34,798
13,961 14,184 14,494 14,728 15,015
34,239 31,927 29,653 33,430 36,445
13,845 -18,012 -10,070 -12,632 -15,039
46.4
2.3
44. 1
22.2
40.6
-16.3
63.8
3.0
60.8
24.5
61.4
-22. 1
83.0
3.9
79. 1
28.6
90.8
-36.4
100.5
4.5
96.0
33.5
111. 5
-44.4
107.3
5.0
102.3
39. 1
121.2
-53.0
82,934
55,954
26,980
69,407
56,985
12,422
79,972
57,826
22,146
78,738
58,953
19,785
90,650
59,830
30,820
74,969
60,881
14,088
132.2
105.7
26.5
156.8
116.9
40.0
178.2
128.6
49.6
200.2
143.5
56.7
213.4 57
160.9 58
52.5 59
27,355
-375
7,419
5,003
31,109
-8,963
27,680
-7,895
30,279
541
14,158
-70
9.6
16.9
25.4
14.5
40.2
9.4
48.8
7.9
45.4 60
7. 1 61
3,237
2,290
947
3,337
2,339
998
3,430
2,381
1,049
3,532
2,432
1,100
3,627
2,476
1,151
3,727
2,525
1,202
5.2
4.4
•8
5.7
4.5
1.3
5. 9
4.8
1. 1
6.6
5.5
1.2
7.3 62
6.3 63
1.0 64
13,312
6,138
14,126
6,012
15,174
4,490
14,814
7,223
13,728
6,402
15,598
4,075
13.4
8.6
14. 1
6.9
14.7
5.9
14.9
6. 1
15. 4 65
5.S 66
23,475
21,481
21,655
24,789
23,572
19,975
24. 1
23.6
23.4
23.8
22. 7 67
18,158
15,797
10,865
10,137
17,527
14,766
6,612
6,578
17,499
17,276
10,700
10,344
17,080
17,987
8,654
8,763
18,245
15,018
10,683
10,664
17,768
14,273
7,855
7,535
16.5
14.0
5.0
4.8
18.7
14.9
6. 1
7.5
20.0
15. 4
10.8
10.5
2C.5
15.9
11.7
11.4
19.6
15.6
10.9
10.7
658,052 611,046 637,154 681,152 711,431 647,883
72 (2) Disposable incoae adj.
(NIA disposalle incoae ♦ govt, insurance credits ♦ capital gains divid.)
1111.4
1212.5
1337.2
1502.6
43
44
45
46
Tax-exenpt debt
Other nortgages
Bank loans n.e.c.
Other loans
47
48
49
Security credit
Trade debt
Hiscellaneous
2,529 -25,656 -15,419 -11,068
50 Discrepancy
(D Excludes corporate eguities.
Henoranda:
51
52
53
54
55
56
Net physical investnent:
<M Residential construction
Expenditures
Hobile hones
ether
- Capital consumption
- Hone nortgages
•= Excess net investment
57
58
59
(B) Consuner durables
Expenditures
- Capital consumption
= Net investnent
- Consuaer credit
= Excess net investaent
60
61
<C)
62
63
64
Nonprofit plant and eguip.
Expenditures
- Capital consuaption
- Net investnent
33,322
1,698
31,624
13,680
34,271
-14,629
51
52
53
54
55
56
Per cent ratios:
65 Effective tax rate
66 Saving rate, NIA basis
Per cent of disposable income adj.
67 Gross saving
68
69
70
71
Capital expenditures
Acquisition of finan. assets
Net increase in liabilities
Credit aarket borrowing
1/85 BASED ON INCOHPLETE
(2):
INFOBHATION
68
69
70
71
1675.5 72
jume id,
iyas
Boaseholds
Boaseholds
Sector Stateaents of Saving and Investaent
7
SEASONALLT ADJUSTED ANNOAL BATES
1980
1981
1982
1983
SEASONALLI ADJUSTED ANNUAL BATES
1984
|
|
1983 |
IT |
1984
I
II
III
1
IT |
1985
1
Households, Personal Trusts, and Nonprofit Organizations
1
2
1
2
2165.3
336.5
2429.5
387.7
2584.6
404. 1
2744.2
404.2
3012.1
435.3
2836.5
407.9
2920.5
418.3
2984.6
430.3
3047.3
440.9
3096.2
451.7
3141.1 Personal incoae
487.7 - Personal taxes and nontaxes
3
4
5
6
7
8
1828.9
1718.7
110.2
35.3
1.8
32.8
2041.7
1904.3
137.4
41.0
2.7
39.1
2180.5
2044.5
136.0
49.2
2.4
35.5
2340.1
2222.0
118. 1
58.7
4.4
61.5
2576.8
2420.7
156.1
57.9
6.0
85.2
2428. 6
2300. 0
128.6
64.4
7. 5
75.9
2502.2
2349.6
152.5
46.9
10.6
83.0
2554.3
2409.5
144.8
55.2
5.5
89.4
2606.4
2442.3
164.1
64.8
4.3
81.4
2644.5
2481.5
163.0
64.9
3.8
86.9
2653.4
2535.1
118.3
63.5
1.1
91.0
9
10
11
180.0
233.2
413.3
220.1
252.7
472.8
223.1
269. 1
492.2
242. 7
280.4
523.2
305.2
300.6
605.8
276.4
287.7
564. 1
293.0
293.1
586.1
294.8
297.6
592.4
314.5
303.5
618.0
318.5
308. 1
626.7
273.9 = Net saving
313.7 * Capital coasuaption
587.6 = Gross saving
9
10
11
12
13
14
15
16
468.4
323.6
100.3
214.7
8.6
527.4
341.2
96.0
235.4
9.8
565.9
331.3
75.2
245.1
11.0
580.9
400.4
108.2
279.8
12.4
650.9
464.8
132.1
318.8
13.9
604.1
437. 1
124.4
299.8
12.9
610.5
451.2
127.0
310.9
13.3
670.5
466.9
132.6
320.7
13.7
675.6
466.2
134.8
317.2
14.1
647.0
474.7
133.9
326.3
14.5
614.5 Gross investaent
485.1
Capital expend, net of sales
135.7
Besidential construction
Consuaer durable goods
334.5
Nonprofit plant and eguip.
14.9
12
13
14
15
16
17
18
144.8
276.9
186.2
316.5
234.6
335.5
180.5
377.5
186.1
429.7
167.0
422.2
159.2
366.8
203.6
487.6
209.4
422.7
172.4
441.7
17
129.3 Net financial investaent
389.4
Net acg. of financial assets 18
•=
=
+
♦
*
Disposable personal iacoae
Personal outlays
Personal saving, NIA basis
Credits froa govt, insurance
Capital gains dividends
Net durables in consuaption
3
4
5
6
7
8
19
202.2
252.2
211.7
273.2
396.9
300. 1
333.1
482.2
395.0
377. 1
278.0
(1)
19
20
21
22
23
24
165.8
10. 1
83.2
43.2
29.2
209.5
35.4
46.9
19.7
107.5
160.2
16.4
136.7
-17.5
24.7
194. 1
39.7
213.8
-15.3
-44. 1
291.0
26.5
151.8
65.4
47.2
198.7
16.4
138.7
45.5
-1.8
259.7
38.6
71.9
104.3
44.9
306.2
40.9
177.0
72.9
15.4
242.7
-10.2
178. 1
54.3
20.5
355.3
36.8
180.4
30.2
107.9
121. 1
.7
91.6
41.0
-12.1
Deposits
Checkable dep. * curr.
Saall tiae ♦ svgs.dep.
Large tiae deposits
Honey aarket fund shrs
20
21
22
23
24
25
26
27
28
29
30
36.4
13.4
7.0
-5.7
22.6
-.8
42.6
24.3
10.3
-8.1
23.3
-7.3
51.4
11.5
32.7
-5.2
20.4
-8.0
79. 1
50.7
41.0
2.0
-7.9
-6.8
105.9
76.5
32.7
3.6
3.4
-10.2
101. 4
34.1
35.9
2.0
2.2
27.3
73.4
89.0
.4
9.6
-.4
-25.2
176.0
136.2
10.5
21.0
4.5
3.8
152.3
114.3
42.4
-16.9
2.1
10.4
21.7
-33.5
77.4
•6
7.2
-30.0
156.9
66.5
37.4
-4.1
1.3
53.7
Credit akt. instruaents
U.S. govt, securities
Tax exeapt obligations
Corporate ♦ fgn. bonds
Hortgages
Open-Barket paper
25
26
27
28
29
30
31
32
5.2
-13.2
6.3
—36.3
18.4
—26.2
32.8
-28.0
37.5
-92.0
33.7
-3.3
50.9
-92.0
27.2
-85.3
35.9
-96.3
36.0
-94.4
89.4
-109.9
33
34
9.7
106.5
9.2
107.9
7.2
143.0
8.0
146.0
8.0
124.8
8. 1
151.5
8.0
101.4
8.1
118.4
8.0
127.4
8.0
152.0
35
36
37
-44.4
5.2
5.6
-26.8
-2. 1
6.1
-26.6
3.3
6.8
-65.0
3.3
7.2
-58.4
5.5
7.4
-79.9
4.6
7.3
-43.2
1.3
7.3
-76.4
6.2
7.3
-58.1
3.4
7.3
38
39
40
41
42
132. 1
122.1
98.3
2.9
3.4
130.3
127.5
78.7
20.8
5.9
1C0.9
94.5
51.6
15.8
5.2
197.0
175.4
103.2
40.2
11.0
243.5
241.7
129.2
76.8
19.7
255.2
236. 1
136.0
63. 1
21.4
207.5
206.7
120.8
67.6
11.2
284.0
274.9
147.6
98.2
27.2
43
44
45
46
3.1
1.9
3.6
8.8
4.4
2.3
4.3
11.1
8.3
2.6
3.5
7.5
11.2
2.5
3.9
3.3
11.4
2.5
-1.0
3.1
10.2
2.4
.3
2.6
10.4
2.5
-7.1
1.2
47
48
49
6.5
2.3
1.2
-1.6
2.7
1.8
3.3
2.4
•8
19.2
1.8
.6
-.5
1.8
•6
26.9
-8.4
.6
50
-55.2
-54.6
-73.7
-57.7
-45. 1
-40.0
Dep. ♦ cr. akt, instr.
Hutual fund shares
Other corporate eguities
31
32
8.0
147.4
Life insurance reserves
Pension fund reserves
33
34
-56.0
11.3
7.7
-32.8
1.2
8.1
Net inv. in noncorp. bus.
Security credit
Hiscellaneous assets
35
36
37
213.3
216.3
115.0
71.4
18.8
269.3
268.8
133.6
70.0
21.5
260. 1
251.8
126.1
97.1
22.3
Net increase in liabilities
Credit aarket instruaents
Hone aortgages
Installaent cons, credit
Other consuaer credit
38
39
40
41
42
10.6
2.4
-14.6
3.4
11.7
2.4
-9.0
5.9
12.8
2.4
26.6
1.9
10.7
2.4
-7.9
1.1
-1.4
1.6
•6
6.9
1.6
•6
-5.7
2.1
•6
-1.9
1.8
.6
5.5
2.2
•6
-24.4
-78.1
-57.5
-20.4
43
44
45
46
Tax-exeapt debt
Other aortgages
Bank loans n.e.c.
Cther loans
47
48
49
Security credit
Trade debt
Hiscellaneous
50
-26.9 Discrepancy
— 12 Excludes corporate eguities.
Heaoranda:
51
52
53
54
55
56
100.3
4.5
95.8
44.1
98.3
-42.1
96.0
4.9
91.2
48.5
78.7
-31.1
75.2
4.8
70.4
51. 1
51.6
-27.5
108.2
6.3
101.8
53.2
103.2
-48.2
132.1
6.7
125.3
57.4
129.2
-54.6
124.4
6.8
117.7
54.7
136.0
-66.3
127.0
6.7
120.3
55.8
120.8
-49.7
132.6
6.7
125.9
56.7
147.6
-71.8
134.8
6.7
128.1
58.0
115.0
-38.2
133.9
6.8
127.1
58.9
133.6
-58.6
Net physical investaent:
(A) Besidential construction
Expenditures
135.7
6.5
Hobile hoaes
Other
129.2
Capital
coasuaption
60.1
- Boae aortgages
126.1
= Excess net investaent
-50.5
51
52
53
54
55
56
57
58
59
214.7
182.0
32.8
235.4
196.3
39.1
245.1
209.6
35.5
279.8
218.3
61.5
318.8
233.6
85.2
299.8
223.8
75.9
310.9
227.9
83.0
320.7
231.3
89.4
317.2
235.8
81.4
326.3
239.3
86.9
(B) Consuaer durables
Expenditures
334.5
- Capital consuaption
24 3.5
- let investaent
91.0
57
58
59
60
61
6.3
26.5
26.7
12.4
21.0
14.5
51.3
10.3
96.5
-11.3
84.6
-8.6
78.8
4.1
125.4
-36.0
90.2
-8.8
91.5
-4.5
62
63
64
8.6
7.2
1.4
9.8
7.8
1.9
11.0
8.3
2.6
12.4
8.9
3.5
13.9
9.6
4.3
12.9
9.2
3.8
13.3
9.4
4.0
13.7
9.5
4.2
14.1
9.7
4.4
65
66
15.5
6.0
16.0
6.7
15.6
6.2
14.7
5.0
14.5
6.1
14.4
5.3
14.3
6.1
14.4
5.7
67
22.1
22.7
22.0
21.8
22.9
22.6
22.9
68
69
70
71
17.3
14.6
7.1
6.5
16.4
15.2
6.2
6.1
14.6
15.0
4.5
4.2
16.7
15.7
8.2
7.3
17.6
16.3
9.2
9.2
17.5
16.9
10.2
9.4
17.6
14.3
8.1
8.1
72
1865.9
2085.4
2232. 1
2403.2
2640.8
- Consuaer credit
= Excess net investaent
60
61
14.5
9.9
4.6
(C) Nonprofit plant and eguip.
14.9
Expenditures
- Capital consuaption
10.1
= Net investaent
4.8
62
63
64
14.5
6.3
14.6
6.2
15.5 Effective tax rate
4.5 Saving rate, NIA basis
22.7
23. 1
23. 1
17.9
18.6
10.9
10.5
17.4
15.8
8.0
8.1
17.5
16.3
9.9
9.9
119.4
-28.4
Per cent ratios:
Per cent of: disposable incoae adj.
BILLIONS OF DOLLABS.
65
66
(2):
21.6 Gross saving
17.8
14.3
9.6
9.3
Capital expenditures
Acguisition of finan. assets
Net increase in liabilities
Credit aarket borrowing
67
68
69
70
71
72
2500. 5 2559.6 2615.0 2675.4 2713.1 2718.0 (2) Disposable incoae adj.
(NIA disposable incoae ♦ govt, insurance credits ♦ capital gains divid.)
1/85 BASED ON INCOHPLETE INFOBHATION.
JUNE 10, 1985
Total and noncorporate Easiness
Total and Noncorporate Business
Sector Stateaents of Saving and Investaent
UNADJUSTED NIT FLOWS (J HILL)
ONADJOSTED NET FLCNS($ BILL)
I
1
1983 1
IV |1
1984
I
II
III
________ ------ —---- ---------- -----
1
IV |
1985
I
Nonfinancial
1 Incoae before taxes
2 Gross saving
84,897 92,945 97,688 91,329 93,728 88,709
96,235 100,610 113,645 106,548 107,060 111,479
3 Gross investaent
74,080
1975
Business - Total
208.9
154.1
BILLIONS OF DCLLABS
1978
1976
1977
1979
—————
241.4
171.5
276.6
198.8
314.6
223.4
343.6
243.9
1
2
3
85,209 103,696
148.1
162.3
182.2
199.5
242.4
91,242 107,013 127,299 129,964 114,096 109,231
92,887 86,746 110,727 106,058 108,732 98,598
90,441 87,591 98,559 98,194 106,159 101,052
7,177
2,479 -2,098 -6,993
-1,836 -5,717
4,671
4,991
5,385
4,872
4,539
4,282
3,439
10,153
-2,362 18,662 14,052 22,054
1,925
2,520
480
717
1,605
1,852
148.2
153.8
146.0
2.8
5.0
-6.9
1.3
184.6
168.8
161. 1
4.2
3.4
11.8
4.0
228.8
203.3
190.6
5.5
7.2
23.0
2.5
269.8
241.4
230.7
2.6
8. 1
26.5
2.0
299.5 4
280.5 5
269.2 6
.2 7
11. 1 8
14.3 9
4.7 10
11 Net financial investaent
-17,162 -14,237 -24,505 -26,105 -28,887 -5,535
3,447
12
Net acg. of financial assets 45,441 26,284 19,011 12,986 23,157
Net increase in liabilities
62,603 40,521 43,516 39,091 52,044
6,982
13
14
Corporate eguities
5,000 -15,873 -26,382 -16,800 -17,925 -21,250
Credit aarket instruaents
15
48,172 53,642 80,560 53,090 69,631 38,178
8,419 13,399 25,223 14,948
8,506
Bonds
16
5,507
Hortgages
8,807 28,134 21,575 14,495
5,770
17
16,387
Bank loans n.e.c.
9,608 20,401
6,463
18
18,660 22,386 26,002
9,512 10,997
Other loans
7,618 13,943 18,005
8,508
19
-.2
44.3
44.5
9.9
41.8
29.8
16.0
-9.2
5.2
-22.3
58.3
80.5
10.5
69.8
25.3
22.9
4.6
17.0
-46.6
67. 4
114.0
2.7
110.0
29.5
34.4
24.3
21.7
-70.3
98.5
168.8
-. 1
127.6
28.8
37.4
33.3
28. 1
-57. 1
131. 1
188.3
-7.8
151.7
27.3
40.8
49.3
34.3
4 Capital expenditures
Fixed investaent
5
Business plant * eguipaent
6
Hoae construction (1)
7
Hulti-faaily residential
8
Change in inventories
9
Hineral rts. froa 0. S. govt.
10
20
21
Trade debt
Other liabilities
22,595
-13,164
22 Discrepancy
22,155
92,776 102,794 103,859
11
12
13
14
15
16
17
18
19
6,724
8,220
-3,972 -18,882
10,302
-7,501
6,552
-6,214
-2,923
-5,023
7.9
-15. 1
13.3
-13. 1
24.2
-22.9
53.8
-12.5
55. 1 20
-10.8 21
10,851
2,689
21,851
7,783
6.0
9.2
16.5
23.8
1.5 22
7,834
Fara Easiness
1 Net incoae
4,329
8,118
5,858
6,830
7,347
4,950
24.6
19. 1
19. 1
26.3
' 31.9
1
2 Net saving
3 Capital consuaption
Corporate
4
Noncorporate
5
6 Current surplus - gross saving
11
5,644
694
4,950
5,655
43
5,653
689
4,964
5,696
62
5,691
692
4,999
5,753
82
5,718
696
5,022
5,800
101
5,751
697
5,054
5,852
142
5,777
698
5,079
5,919
.1
10.1
1.0
9. 1
10.2
-. 1
11. 1
1.2
9.9
11. 1
-.3
12.6
1.4
11.2
12.3
•2
14.2
1.6
12.6
14.4
.1
16.3
1.9
14. 4
16.4
2
3
4
5
6
7 Gross investaent
8 Capital expenditures
Plant and eguipaent
9
Besidential construction
10
Change in inventories
11
5,655
3,739
3,831
248
-340
5,696
6,925
3,445
170
3,310
5,753
4,393
3,221
285
887
5,800
5,505
3,153
331
2,021
5,852
5,894
3,263
269
2,362
5,919
5,237
3,261
201
1,775
10.2
17.3
12.6
1.0
3.5
11. 1
12.9
13.8
1. 1
-2.0
12.3
17.8
15.2
1.5
1. 1
14.4
20.4
17.6
1.7
1. 1
16.4 7
27.2 8
19.9 9
1.7 10
5.7 11
12 Net financial investaent
Net acg. of financial assets
13
14
Deaand deposits ♦ currency
15
Hiscellaneous assets
Insurance receivables
16
17
Eg. in spons. ags. <2)
1,916
413
38
375
338
37
-1,229
384
39
345
337
8
1,360
389
40
349
338
11
295
412
41
371
337
34
-42
389
42
347
338
9
682
392
43
349
338
11
-7.1
1.0
.1
.9
.7
.2
-1.8
1.4
-. 1
1.5
1.3
.2
-5.6
1.8
.1
1.7
1.5
.2
-5.9
2. 1
.1
2.0
1.7
.3
-10.8
2. 1
.1
1.9
1.5
.4
12
13
14
15
16
17
18
19
20
21
22
23
24
Net increase in liabilities
Credit aarket instruaents
Hortgages
Bank loans n.e.c.
Other loans
U.S. governaent
Fed. Int. Credit Banks
-1,503
-998
555
-175
-1,378
-169
-1,209
1,613
110
244
637
-771
-430
-341
-971
3,786
875
1,783
1,128
530
598
117
2,098
576
287
1,235
733
502
431
-3,646
-204
-1,727
-1,715
267
-1,982
-290
-920
398
-700
-618
-150
-468
8.1
8.5
4.6
2.0
1.9
•8
1. 1
3.2
10.2
5.7
3.0
1.5
. 1
1.3
7.4
12.3
7. 1
2.5
2.7
1.3
1.4
8.0
14.6
7.2
2.5
5.0
3.5
1.5
12.9
21.4
11.8
2.8
6.7
3.4
3.3
18
19
20
21
22
23
24
25
26
Trade debt
Proprietor net investaent
270
-775
348
1,155
418
-5,175
231
-2,212
336
3,741
209
421
.5
-.8
.8
-7.8
.9
-5.8
1.6
-8.3
1.2 25
-9.6 26
__________________..........__ .....__________ _______________ .....__ ___ -________ ——— ....___ ————
Nonfara, Noncorporate Business
——————————— -------—----- ———
——----1 Net incoae
2 Gross svg.scapital consuap.
37,884
16,579
39,731
16,698
40,690
17,427
40,650
17,742
41,504
18,125
42,545
16,581
77.6
24.2
87.8
26.2
101.5
29. 1
110.8
33.2
120.8
38.7
1
2
3 Gross investaent
4 Capital expenditures
5
Fixed capital
Plant and eguipaent
6
Hoae construction (1)
7
Hulti-faaily residential
8
Change in inventories
9
16,579
17,442
18,002
15,903
-1,042
3,141
-560
16,698
18,098
17,640
16,713
-2,944
3,871
458
17,427
25,783
24,273
17,113
3,446
3,714
1,510
17,742
24,497
22,742
17,755
1,074
3,913
1,755
18,125
19,463
19,983
17,892
-1,184
3,275
-520
18,581
17,828
18,238
18,369
-3,597
3,466
-410
24.2
21.2
22.3
16.9
.9
4.5
-1. 1
26.2
23.4
22.4
18.3
1.6
2.5
1.0
29. 1
35.9
33.9
26.3
2.0
5.7
2.0
33.2
47.9
45.9
39.4
•4
6.0
2.0
38.7
52.9
53.2
45.5
-.8
8.5
-. 4
3
4
5
6
7
8
9
-863
2,544
1,946
598
598
-
-1,400
1,025
434
591
592
-1
-8,356
2,222
1,633
589
590
-1
-6,755
2,020
1,432
588
582
6
-1,338
3,038
2,443
595
579
16
753
1,453
871
S82
573
9
3.0
2.1
.8
1.3
1.2
*
2.8
3.3
1.2
2. 1
2. 1
.1
-6.8
3. 1
.6
2.6
2.5
-14.6
4.4
1.4
3.0
2.9
.1
-14.2
4.8
1.8
3.0
2. 9
. 1
10
11
12
13
14
15
16
3,407
20,792
16,643
-834
3,770
13,707
2,425
13,836
10,819
-2,355
3,246
9,928
10,578
26,868
24,546
2,757
4,844
16,945
8,775
18,428
20,125
859
2,287
16,979
4,376
19,648
15,715
-947
3,738
12,924
700
9,221
6,317
-2,878
3,682
7,513
-.9
12.5
12.5
.7
-.3
12.0
.5
15.4
14.8
1.2
2.7
10.8
9.9
28.0
23.8
1.6
5. 1
17. 1
19.1
32.4
26. 1
.4
6.5
19.3
19. C
34.4
27.6
-.6
5.4
22.8
17
18
19
20
21
22
410
3,739
713
2,304
1,171
1,151
-4 34
-1,263
757
3,176
-326
1,230
-2.0
2.0
-3.6
4.3
.9
3.3
•3
6.0
.6 23
6. 1 24
647
917
521
999
751
-17,906 -12,058 -17,207 -10,404 -16,271
917
-9,438
1.1
-14.4
2.2
-17.
1.2
-19.2
3. 1
-16.4
. 1 25
-15.5 26
10 Net financial investaent
11
Net acg. of financial assets
12
Deaand deposits ♦ currency
Consuaer credit
13
Hiscellaneous assets
14
Insurance receivables
15
16
Eguity in spcns.ags. (2)
17
18
19
20
21
22
23
24
25
26
Net increase in liabilities
Credit aarket instruaents
Hortgages
Hoae aortgages
Hulti-faaily
Coaaercial
Bank loans n.e.c.
Other loans
Trade debt, net
Proprietor net investaent
(1) Fara plus nonfara change in work in process.
(2) Shares in FICB’s, Banks for Coops, and Federal Land Banks.
1/85 BASED OB INCOBPLETE INFOBHATION,
JUNE 10, 1985
Total and Noncorporate Easiness
Total and Moncorporate Business
Sector Statenents of Saving and Investnent
9
SEASOHALLI ADJOSTED AHHOAL BATES
1980
1981
1982
SEASONALLI ADJOSTED ANNUAL BATES
1983
|
|
1984
Nonfinancial
307. 1
366.9
375.7
427.9
1983 |
IV |
19E4
I
III
|
IV |
382. 1
424.4
363.8
434.9
376.4
443.0
II
1985
1
Business - Total
340.4
398.2
380.4
409. 1
363.5 Incoae Before taxes
453.0 Gross saving
1
2
395.7
417.0 Gross investnent
3
474.9
430.5
411.1
-.8
20.3
36.6
7.7
4
479.8 Capital expenditures
5
Fixed investnent
437.3
Business plant ♦ eguipaent 6
417.8
7
Hoae construction (1)
3.0
8
Hulti-faaily residential
16.5
40.6
9
Change ia inventories
Mineral rts. froa U.S. govt. 10
1.9
1
2
317.9
253.8
331.5
303.4
3
236.2
273.4
262.8
314.8
384.6
348.0
372. 1
382.8
387.9
4
5
6
7
8
9
10
284.3
289.1
286.5
-.2
2.8
-9.8
5.0
367.3
336.4
328.2
-2.2
10.4
26.0
4.8
319.3
337.6
321.5
2.6
13.4
-26. 1
7.8
339.6
345.3
321.4
7.9
16.0
-13.5
7.8
478.4
412.3
390.5
1.8
19.9
58.2
7.9
385.5
369.9
351.0
.3
18.6
12.7
2.9
469.3
389.1
365.0
6.0
18.1
73.8
6.4
469.7
409.0
366.0
4.3
18.7
50.6
10.1
499.6
420.4
400.0
-2.2
22.6
71.8
7.4
11
12
13
14
15
16
17
18
19
-48.1
101.5
149.5
12.9
126.1
37.5
34.9
33.1
20.7
-93.9
69.6
163.5
-11.5
159.4
35.2
33.6
50.4
40.3
-56.5
34.0
90.5
11.4
117. 1
33.8
32.3
52.0
-1.0
-24.8
135.7
160.5
28.3
127.7
25.2
61.6
23.4
17.5
-93.7
81.4
175.2
-77.0
256.9
55.5
73.0
78.4
50.0
-37.5
186.6
224. 1
20.0
200.3
15.9
74.9
64.3
45.3
-97.2
136.8
234.0
-63.5
252.7
42.2
59.5
105.5
45.5
-86.8
89.8
176.6
-105.5
282.7
32.4
90.7
98.5
61.1
-111.7
4.4
116.1
-67.2
206.5
54.2
73.9
39.1
39.3
-79.2
94.7
173.9
-71.7
285.8
93.4
68.0
70.4
54.0
-62.8 Net financial investaent
Net acg. of financial assets
54.6
Net increase in liabilities
117.4
-85.0
Corporate eguities
Credit aarket instruaents
194.0
Bonds
68.9
48.8
Bortgages
Bank loans n.e.c.
42.6
33.6
Cther loans
20
21
39.8
-29.3
26.0
-10.5
-1C.1
-27.8
52.5
-48.0
31.8
-36.6
73.9
-70. 1
65.3
-20.5
29.5
-30.1
30.3
-53.5
2.1
-42.3
29.0
-20.6
22
17.6
30.0
51.3
52.1
43.2
50.3
37.0
41.6
46.9
47.4
35.9 Discrepancy
22
32.5
23.4
27.3
29.4
19.8 Net incoae
1
.6 Net saving
23.1 Capital consuaption
2.8
Corporate
20.3
Nonccrporate
23.7 Current surplus = gross saving
2
3
4
5
6
23.7 Gross investaent
21.2 Capital expenditures
Plant and eguipaent
13.0
1.0
Besidential construction
7. 1
Change in inventories
268.0
314. 1
Trade debt
Other liabilities
11
12
13
14
15
16
17
18
19
20
21
Fara Business
1
21.8
31.5
21.8
2
3
4
5
6
-.5
18.6
2.2
16.4
18.1
-.8
20.6
2.5
18.1
19.8
-.5
21.9
2.7
19.2
21.4
7
8
9
10
11
18. 1
15.2
18.7
1.8
-5.3
19.8
27.4
18.3
1.3
7.8
12
13
14
15
16
17
3.0
2.0
.1
1.9
1.3
.6
18
19
20
21
22
23
24
25
26
13.8
28.2
17.3
-.1
22.4
2.8
19.6
22.2
•3
22.8
2.8
20.0
23. 1
*
22.6
2.8
19.8
22.6
•2
22.6
2.8
19.9
22.8
.2
22.8
2.8
20.0
23.0
.3
22.9
2.8
20.1
23.2
.4
23.0
2.8
20.2
23.4
21.4
14.1
14.7
1.5
-2. 1
22.2
4.7
14.2
1.0
-10.4
23.1
22.7
13.1
1.1
8.6
22.6
14.9
15.3
.9
-1.4
22.8
27.9
13.8
.9
13.2
23.0
17.5
12.9
1.0
3.5
23.2
21.9
12.6
1.2
8.1
23.4
23.5
13. 1
1.0
9.4
-7.6
1.9
.1
1.7
1.1
.6
7.3
1.8
.1
1.7
1.3
•4
17.5
1.6
.1
1.4
1.3
.1
.4
1.6
•2
1.4
1.4
.1
7.7
1.7
.2
1.5
1.4
. 1
-5.2
1.5
.2
1.4
1.3
*
5.5
1.6
•2
1.4
1.4
*
1.3
1.6
.2
1.5
1.3
.1
-.1
1.6
.2
1.4
1.4
*
-1.0
14.4
9.3
.5
4.5
2.6
1.9
9.5
16.3
9.7
1.4
5.2
3.4
1.6
-5.4
7.6
5.0
3.2
-.6
.2
-.8
-15.9
4.3
2.9
2.8
-1.3
•
-1.3
1.2
2.3
1.5
1.0
-.1
1. 1
-1.2
-6. 1
11. 1
4.0
3.6
3.5
2.4
1. 1
6.7
3.1
•8
4.2
-1.8
-2.0
•1
-4.0
-1.4
2.3
1.1
-4.8
-.9
-3.9
•4
6.7
2.1
•8
3.9
3.2
.7
1.7
.9
.8
-2.2
2.3
4.1
-1.8
1.0
-16.4
1.1
-7.9
-.6
-12.5
•8
-21.0
1.3
-2.5
1. 1
-18.3
1.4
2.2
1.7
-4.3
•9
-7.3
1.3
-.6
7
8
9
10
11
2.5 Net financial investaent
1.6
Net acg. of financial assets
•2
Deaand deposits ♦ currency
1.4
Hiscellaneous assets
1.4
Insurance receivables
*
Eg. in spons. ags. (2)
12
13
14
15
16
17
-.9
-.5
1.6
-1.4
-.7
-.8
.1
Net increase in liabilities
Credit aarket instruaents
Bortgages
Eank loans n.e.c.
Cther loans
O.S. governaent
Fed. Int. Credit Banks
18
19
20
21
22
23
24
.8
-1.3
Trade debt
Proprietor net investaent
25
26
Nonfara Noncorporate Business
1
2
118.7
46.2
122.8
53.2
122.5
58.4
144.5
64.2
162.6
70.0
151.5
66. 3
158.9
66.8
162.8
69.7
162.6
71.0
166.0
72.5
3
4
5
6
7
8
9
46.2
48. 0
49.2
50.0
-1.0
.2
-1.3
53.2
68.6
67.4
61.3
-1.7
7.8
1.2
58.4
75.5
77.3
65.7
.5
11. 1
-1.8
64.2
78.7
78.6
62.9
3.5
12.3
•
70.0
87.8
84.6
69.5
•4
14.8
3.2
66.3
78.7
77.4
63.6
-.3
14. 1
1.3
66.8
86.9
82.7
66.9
2.5
13.3
4.2
69.7
87.8
83.9
68.5
1.6
13.9
3.9
71.0
89.4
86.5
71.0
-1.7
17.2
2.9
72.5
87.3
85.4
71.6
-.9
14.7
1.9
10
11
12
13
14
15
16
-1.8
3.0
—
.4
2.6
2.5
.1
-15.4
4.9
—
2.7
2.1
2.1
. 1
-17. 1
3.8
—
1.8
2. 1
2.0
-14.5
6.C
3.7
2.3
2.4
-17.8
8.3
5.9
2.4
2.3
♦
-12.4
8.0
—
5.6
2.4
2. 4
-
-20. 1
6.0
3.6
2.4
2.4
-18.1
10.8
8.4
2.4
2.4
♦
-18.4
7.1
4.8
2.4
2.3
*
-14.8
9.3
6.9
2.4
2.3
. 1
17
18
19
20
21
22
4.8
33.7
23.5
-.8
5.8
16.4
20.2
40.2
25.8
-1.4
3.5
23.6
21.0
39.5
28.6
•4
6.1
22.0
20.5
63.9
55.8
2.8
7.6
45.5
26.2
78.8
71.2
.3
14.1
56.8
20.4
79.9
71.0
-.3
15.0
56.4
26.1
68.9
56.3
2.0
12.8
41.5
28.9
97.3
87.3
1.3
19.8
66.2
25.6
73.4
73.1
-1.4
9.1
65.4
24. 1
75.5
68.2
-.7
14.9
54.0
23.8
51.6
46.8
•8
14.4
31.5
23
24
3.4
6.8
6.2
8.3
7.3
3.6
1.7
6.4
2.2
5.4
2.6
6.2
1.8
10.9
2.3
7.7
.5
-.2
4.2
3.1
-2.2
7.1
25
26
-.9
-28.0
-1. 1
-18.9
-2.4
-16.1
.7
-44.0
3.3
-55.9
2. 1
-61.6
2.6
-45.4
3.7
-72.2
3.0
-50.8
4.0
-55.4
3.7
-31.5
♦
—
«
V
170.2 Net incoae
74.3 Gross svg.-capital consuap.
74.3 Gross investaent
86.9 Capital expenditures
Fixed capital
85.8
73.5
Plant and eguipaent
Hoae construction (1)
1.0
11.4
Hulti-faaily residential
Change in inventories
1.1
-12.6 Met financial investaent
Net acg. of financial assets
11.1
Deaand deposits ♦ currency
8.8
Consuaer credit
Hiscellaneous assets
2.3
2.3
Insurance receivables
*
Eguity in spons.ags. (2)
Net increase in liabilities
Credit aarket instruaents
Bortgages
Hone aortgages
Hulti-faaily
Coaaercial
Eank loans n.e.c.
Cther loans
Trade debt, net
Proprietor net investaent
(D Fara plus nonfara change in work in process.
(2) Shares in FICB'S, Banks for Coops
BILLIONS OF DOLLABS.
1/85 BASED ON INCOMPLETE INFOBHATION.
and Federal Land Banks.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
JUNE 10, 1985
Nonfinancial Corporate Eusiness
Nonfinancial Corporate Business
Sector Stateaents of Saving and Iavestaent
IO
UNADJUSTED NET ELONS (1 HILL)
UNADJUSTED NET FLCNS($ MILL)
1
1
1983 |
IV 1
I
II
1985
I
|
IV |
1984
III
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Nonfinancial Corporate Business, Excluding Faras
1
2
3
4
Profits before tax
- Profit tax accruals
- Doaestic net dividends
- Doaestic undist. profits
42,684
16,074
21,389
1,875
45,096
18,185
18,515
8,479
51,140
20,643
18,788
17,588
43,849
15,936
18,795
6,998
44,877
16,417
23,361
1,258
41,214
16,017
2C,016
5,365
106.7
41.0
31.7
34.0
134.5
52.4
38.2
43.9
156.1
59.4
42.0
54.7
177.5
66.6
48.0
62.8
190.9
68.9
54.7
67.3
1
2
3
4
5
6
7
8
*
♦
*
-
Capital consuaption adj.
Depreciation charges, NIPA
Earnings rec. froa abroad
U.S. internal funds, book
10,767
54,921
4,279
71,842
11,720
55,712
2,450
78,361
12,857
56,634
2,283
89,362
14,290
57,519
1,183
79,990
15,788
58,586
3,003
78,635
16,949
59,670
437
82,421
-9.6
93.8
6.1
124.4
-12.9
103.6
8.2
142.9
-10.6
114.3
10.3
168.7
-12. 1
129.2
10.5
190.5
-13.7
147.7
15.1
216.4
5
6
7
8
9 ♦ Fgn. earnings ret. abroad
10 * Inv. valuation adjustment
11 = Total internal funds ♦ IVA
3,883
-1,724
74,001
3,694
-3,839
78,216
3,638
-2,535
90,465
2,556
460
83,006
4,185
263
83,083
5,071
-513
86,979
6.9
-11.6
119.7
6.0
-14.7
134.2
4. 8
-16.2
157.4
9.2
-24.0
175.7
15.5 9
-43. 1 10
188.8 11
12 Gross investaent
13 Capital expenditures (1)
14
Fixed investaent
15
Plant and eguipaent
16
Home construction
17
Hulti-faaily residential
18
Inventory change ♦ IVA
19
Hineral rts. froa U.S. govt.
51,846
70,061
70,806
70,707
-1,042
1,141
-1,462
717
70,382
61,990
65,491
67,433
-2,943
1,001
14,894
1,605
79,614
97,123
82,948
78,225
3,446
1,277
11,655
2,520
80,317
99,962
79,832
77,286
1,074
1,472
18,278
1,852
61,232
88,739
85,217
85,004
-1,183
1,396
1,597
1,925
79,196
86,166
76,898
7S,422
-3,597
1,073
8,788
480
113.6
109.7
117.7
116.3
.9
.5
-9.3
1.3
125.0
148.3
131.5
129.0
1.6
.9
12.8
4.0
140.9
175. 1
152.7
149.2
2.0
1.5
19.9
2.5
151.9
201.6
176.2
173.7
.4
2.0
23.4
2.0
187.3
219.4
205.7
203.9
-.8
2.6
9. 0
4.7
20 Net financial investaent
-18,215 -11,608 -17,509 -19,645 -27,507
21
Net ac^. of financial assets 42,484 24,875 16,400 10,554 19,730
-6,970
1,602
3.9
41.2
-23.3
53.5
-34.2
62.5
-48.7
92.0
-32. 1 20
124.3 21
19,684 -10,648
8,055 -8,728
5,461
-433
-1,922
331
-2,539
1,000
19.8
6.2
1.9
-.8
.8
14.6
2. 4
2. 1
2.3
1.7
3.7
2.8
4.8
1.2
1.3
15.8
4.4
2.0
5.5
2.0
22
23
24
25
26
Liguid assets
Deaand dep. and currency
Tiae deposits
Security RP’s
Foreign deposits
27
28
29
U.S. govt, securities
Tax exeapt obligations
Coaaercial paper
30
31
32
33
34
35
36
37
38
39
40
41
Consuner credit
Trade credit
Hiscellaneous assets
Foreign dir. invest.
Eguity, etc.
Betained earnings
(2)
Insurance receivables
Eguity in sponsored ags.
Other
Net increase in liabilities
Net funds raised in akts.
Net new eguity issues
42
43
44
Debt instruaents
Tax-exenpt debt (3)
Corporate bonds (2)
45
46
47
48
Hortgages
Hone nortgages
Hulti-faaily
Connercial
49
50
51
52
53
Bank loans n.e.c.
Coaaercial paper
Acceptances
Finance coapany loans
U.S. government loans
54
55
56
57
58
Profit taxes payable
Trade debt
Fgn.direct invest, in U.S.
Equity, etc.
Retained earnings
59 Discrepancy
60
61
62
63
64
65
66
67
27,473
6,138
9,319
9,098
1,332
-4,062
-7,447
2,276
-1,431
-1,417
1,891
1,472
-3,993
3,001
-1,723
-6,647
-4,148
983
-4,198
-1,219
551
43
992
5,900
-48
-1,895
-1,405
-105
4,644
-168
57
2,046
3,690
6,172
5,149
1,162
459
703
-1,814
21,222
9,529
5,355
-1,034
6,389
1,889
9,597
3,023
671
-1,758
2,429
1,086
2
2,899
1,058
1
3,115
1,057
1,295
18.6
6.3
4.7
2. 6
1.5
12
13
14
15
16
17
18
19
22
23
24
25
26
6,054
-39
4,614
3,069
73
-5,960
8.7
-.2
3. 1
2. 1
-1. 1
5.0
-6.4
*
-. 1
1.5
.2
.2
864
5,054
18,853 -14,279
9,271
-2,516
-1,241
4,067
-2,652
1,501
1,411
2,566
-2,962
1C,428
4,784
1,176
-1,634
2,810
.7
5.8
14.9
14.0
6.0
8.0
1.9
18.7
18.3
11.6
3.9
7.7
1.2
36.1
21.5
11.5
5. 1
6.4
1.8
56.0
18.5
15.7
4.4
11.3
981
2,627
2.2
*
-1.4
3.4
*
3.2
4.4
. 1
5.5
5.6
*
-2.8
5.5 36
. 1 37
2.5 38
60,699 36,483 33,909 30,199 47,237
8,572
33,378 23,823 23,524 15,764 35,704
8,627
5,000 -15,873 -26,382 -16,800 -17,925 -21,250
37.3
30.8
9.9
76.8
54.7
10.5
96.7
72.4
2.7
141.8
80.5
-. 1
156.4 39
88.2 40
-7.8 41
96.0 42
10.0 43
17.3 44
1,017
-2,292
1,011
4,193
1.6 27
* 28
1.9 29
1.6
69.4
34.6
26.6
7.6
19.0
30
31
32
33
34
35
28,378
2,021
3,486
39,696
2,000
6,506
49,906
2,219
6,200
32,564
3,364
10,035
53,629
10,959
14,264
29,877
2,400
12,548
20.9
2.6
27.2
44.2
2.5
22.8
69.7
6.7
22.9
80.6
7.7
21. 1
-811
-834
150
-127
—2, 256
-2,355
198
-99
2,713
2,757
27
-71
874
859
57
-42
-1,016
-947
-56
-13
-2,945
-2,878
-83
16
-1. 1
.7
.3
-2.1
2.4
1.2
1.2
-
3.5
1.6
2.0
-. 1
4. 1
.4
2.7
1. 1
1.4
-.6
2.4
-.4
45
46
47
48
18,425
-2,512
456
7,790
-477
21,036
5,842
-101
6,699
-30
23,048
10,945
1,237
3,444
100
9,755
6,886
-185
834
1,001
21,371
-1,859
20
8,511
1,379
7,489
4,482
-396
5,149
1,150
-9. 1
-2.9
•2
3.8
.2
5.2
1.4
1.3
8.4
.2
20.9
1.6
•6
13.5
a
30.6
2.7
1.2
11.5
1.7
45.9
9.0
1.C
10.2
1.2
49
50
51
52
53
3,172
21,804
2,345
1,656
689
4,540
5,729
2,391
1,435
956
-5,342
6,885
8,842
7,641
1,201
-157
9,320
5,272
3,950
1,322
1,644
5,217
4,672
3,605
1,067
-1,397
-4,049
5,391
4,233
1,158
-2.4
6.3
2.6
1.4
1.2
7.5
10.3
4.3
2.7
1.7
-1.5
22. 1
3.7
2.1
1.6
4.3
49. 1
7.9
5.3
2.6
2.5
53.8
11.9
7.9
4.0
54
55
56
57
58
22,155
7,834
10,851
2,689
21,851
7,783
6.0
9.2
16.5
23.8
1.5 59
14,477
20,004
-.5
42.4
8.4
45.2
14.0
59.9
6.9
63.8
15.6 60
68. 1 61
12,003
17,874
12,428
28.7
-7.9
-4.0
27.7
16.5
34.2
33. 1
36.6
57.2
32.9
47.7
101.0
28.7 62
67.3 63
123.7 64
38,863
99,065
34,673
38.4
91.7
19.0
39.0
110.5
29. 8
38.0
111.3
39.8
37.5
114.7
40.0
36. 1 65
116.2 66
43.8 67
Henorandun iteas:
9,533 -19,496
Trade credit net cf trade debt -15,632 15,493
2,712
11,966 15,666 25,990 15,093 14,043
Profits tax paynents
Debt subtotals:
4,696
Securities and aortgages
6,250 11,132 14,273 24,207
Loans and short-tern paper
23,682 33,446 38,774 18,291 29,422
Total short-tern liab. (4)
48,658 43,715 40,317 27,454 36,283
Per cent ratios:
Effective tax rate
37,658 40,325 40,365 36,342 36,582
Capital outlays/internal funds 94,675 104,825 107,359 120,427 106,807
Cr. nkt. borrowing/cap. exp.
40,504 48,415 51,384 32,576 60,434
(1) Capital outlays cn book basis:
-1,462
68 Inventory change, NIPA
-1,724
69 Less: Inv. val. adjustnent
262
70 Inventory change before IVA
14,894
-3,839
18,733
11,655
-2,535
14,190
18,278
460
17,818
1,597
263
1,334
8,788
-513
9,301
-9.3
-11.6
2.2
12.8
-14.7
27.5
19.9
-16.2
36. 1
23.4
-24.0
47.5
9.0 68
-43. 1 69
52. 1 70
71 Total cap. expend, before IVA
71,785 85,829
72 U.S. internal funds, book
71,842 78,361
Financing gap:
Excess of capital expenditures
73
-57
over U.S. internal fuuds
7,468
99,658
89,362
99,502
79,990
88,476
78,635
86,679
82,421
121.3
124.4
163.0
142.9
191.3
168.7
225.6
190. 5
262.6 71
216.4 72
10,296
19,512
9,84 1
4,258
-3.1
20. 1
22.5
35. 1
46.2 73
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting reflovs of
capital froa Netherlands Antilles subsidiaries* foreign financing.
(3) Industrial revenue bonds. Issued by state and local governaents
to finance private investaent and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except aortgages), short-tera paper, profit taxes payable, and
trade debt. Includes loans due in nore than one year and excludes
current naturities of securities and aortgages.
1/85 BASED ON INCOHPLETE INfOBHATION.
JUNE 10, 1985
Nonfinancial Corporate Easiness
Nonfinancial Corporate Business
Sector Stateaents of Saving and Investnent
SEASONALLY ADJUSTED ANNUAL BATES
1980
1981
1982
1983
SEASONALLY ADJOSTED ANNUAL BATES
1984
1
I
1983 |
IV l
III
|
IV |
1984
I
II
1985
I
Nonfinancial Corporate Business, Excluding faras
1
2
3
4
177.4
66.7
61.7
49.0
177.2
63.6
67.6
46.0
123.7
44.3
69.0
10.4
148.9
58.0
72.2
18.6
185.0
71.2
79.5
34.3
171.6
66.7
74.7
30.2
189.0
74.5
76.9
37.6
195.9
77.2
79.0
39.8
173.9
64.3
80.2
29.3
181.0
68.7
81.8
30.6
173.5
65.6
83.1
24.7
Profits before tax
- Profit tax accruals
- Doaestic net dividends
= Doaestic undist. profits
5
6
7
8
-14.3
167.8
18.2
220.7
-6.0
189.5
14.5
244.1
4.0
207. 1
12.6
234.0
33.0
215.2
9.9
276.8
54.7
228.5
8.9
326.3
43. 1
219.7
11.2
304.2
46.9
222.8
11.4
318.8
51.4
226.5
9. 1
326.8
57.2
230.1
9.7
326.3
63.2
234.3
5.5
333.6
67.8
238.7
3.5
334.7
♦
♦
*
-
Capital consuaption adj.
Depreciation charges, NIPA
Earnings rec. fron abroad
O.S. internal funds, book
5
6
7
8
9
10
11
11.7
-42.9
189.5
9.9
-23.6
230.4
9.8
-9.5
234.3
14.9
-11.2
280.5
14.1
-5.7
334.8
14.4
-9.2
309.3
14.3
-13.5
319.6
12.2
-7.3
331.7
14.6
-.2
340.7
15.2
-1.6
347. 1
19.8 ♦ fgn. earnings ret. abroad
.5 » Inv. valuation adjustaent
355.0 = Total internal funds ♦ IVA
9
10
11
12
13
14
15
16
17
18
19
171.9
221.2
219.3
217.8
-1.0
2.5
-3.2
5.0
200.4
271.3
249.4
248.5
-1.7
2.6
17.0
4.8
183.0
229.6
244.0
241. 1
.5
2.3
-22. 1
7.8
228.4
256.2
251.5
244.3
3.5
3.8
-3.1
7.8
291.5
367.8
313.5
307.9
•4
5.1
46.4
7.9
259.0
291.9
276.3
272. 1
-.3
4. 5
12.7
2.9
282.5
354.5
291.7
284.3
2.5
4.8
56.4
6.4
290.1
364.4
311. 1
304.7
1.6
4.8
43.2
10.1
293.8
388.3
320.1
316.3
-1.7
5.4
60.8
7.4
299.8
364.1
331. 1
326.4
-.9
5.5
25.3
7.7
319.0 Gross investaent
371.7 Capital expenditures (1)
fixed investaent
337.4
331.2
Plant and eguipaent
Hoae construction
1.0
5.2
Hulti-faaily residential
32.4
Inventory chaage ♦ IVA
Hineral rts. froa U.S. govt.
1.9
12
13
14
15
16
17
18
19
20
21
-49.2
96.5
-70.9
62.9
-46.6
28.4
-27.8
128.1
-76.3
71.6
-32.8
177.0
-71.9
129.3
-74.3
77.5
-94.5
-4.4
-64.3
83.9
20
-52.6 Net financial investaeat
Net acg. of financial assets 21
41.9
22
23
24
25
26
16.4
3.8
4.0
6.6
1.1
17.9
-10.5
14.9
*
.5
27.1
9.5
5.3
3.7
-2.5
47.9
-.6
16.6
11.2
4.8
10.9
-2.1
4.7
-4.6
-6.9
72.3
-.7
23.9
36.4
5.3
25.6
4.3
14.1
-5.7
-5.7
17.7
1.0
-8.5
12.0
-6.9
-39.4
-20.1
5.7
-16.8
-4.9
39.6
6.6
7.6
-7.7
-10.2
1.2
.5
3.5
1.3
4.0
27
28
29
3.4
-.2
-2.3
3.0
♦
10.0
3.2
. 1
7.9
4.4
.7
10.7
10.4
-.1
9.4
-1.3
•2
8.4
19.4
-.2
-.5
-.7
—.4
21.3
3.8
•2
-7.4
19.1
-.2
24.3
7.2
.3
-15.6
30
31
32
33
34
35
.5
47.4
32.3
21.9
* 4.9
17.0
2.6
20.8
21.6
13.0
-.5
13.5
.6
-11.9
12.6
4.4
-2.0
6.4
3.4
57.6
19.2
8.8
-.3
9.1
6.0
35.4
19.3
8.9
-3.9
12.8
8.1
78.1
18.4
8.9
6. 1
2.8
4.7
63.6
35.3
20.8
-4.8
25.6
8.1
35.9
15.8
1.7
-8.0
9.7
1.1
42.9
-9.0
-8.4
-14.1
5.6
10.0
-.8
35.1
21.4
11.1
10.3
2.3
22. 1
16.2
3.6
-7.6
11.2
Consuaer credit
30
Trade credit
31
Hiscellaneous assets
32
Poreign dir. invest. (2) 33
34
Eguity, etc.
35
Betained earnings
36
37
38
4.7
*
5.7
3.7
4.9
2.7
.1
5.4
4.3
*
6. 1
4.1
6.3
4.3
*
5.2
4.2
V
10.3
4.2
9.9
4.1
-4.6
4.0
9.7
3.9
8.7
Insurance receivables
36
Eguity in sponsored ags. 37
38
ether
39
40
41
145.7
90.9
12.9
133.8
91.5
-11.5
75.0
81.4
11.4
155.9
87.8
28.3
147.8
98.8
-77.0
209.8
129. 4
20.0
201.2
117.2
-63.5
151.7
81.2
-105.5
90.2
59.2
-67.2
148.2
137.7
-71.7
94.6
57.8
-85.0
42
43
44
78.1
10.9
26.7
102.9
13.4
21.8
70.0
15.1
18.7
59.5
9.4
15.7
175.8
18.5
37.0
109.4
8. 1
7.8
180.6
8.0
34.2
186.8
8.9
23.5
126.4
13.5
40.7
209.4
43.8
49.5
142.8
9.6
59.3
45
46
47
48
2.0
-.8
3.0
-.2
-1.9
-1.4
.8
-1.3
-1.3
.4
-.6
-1.1
2.9
2.8
•8
-.7
.3
.3
.2
-.2
-.2
-.3
.6
-.5
2.4
2.0
.8
-.4
1.1
1.3
•1
-.3
-1.3
-1.4
.2
-.2
-1.0
-.7
-.2
-.1
.5
.8
-.3
.1
49
50
51
52
53
29. 1
4.0
•8
3.1
1.5
42.9
14.7
2.2
8.7
1.2
41.5
-5.6
.7
-.5
1.3
18.9
r.5
-.4
13.8
-.5
75.2
21.8
1.0
19.5
2.5
58.0
14. 1
-2.4
25. 8
-1.9
99.5
5.4
3.4
27.8
-.1
95. 1
38.9
6.0
12.9
.4
37.9
24.0
-.5
8. 1
4.0
68.4
18.9
-5.0
29.2
5.5
54
55
56
57
58
-1.7
39.6
16.9
10.7
6.2
-6.8
26.0
23. 1
19.4
3.8
-14. 1
-7.2
14.9
16.2
-1.3
5.8
51.0
11.3
9.9
1.4
.7
27.2
21.2
16.6
4.5
.4
70. 7
9.4
6.6
2.8
13.2
61.3
9.6
5.7
3.8
11.0
24.2
35.4
30.6
4.8
-16.5
26.4
21.1
15.8
5.3
-5.0
-3.2
18.7
14.4
4.3
59
————*
17.6
51.3
52. 1
37.0
41.6
46.9
30.0
————
♦
50.3
43.2
——————————————
47.4
————“
Liguid assets
Deaand dep. and currency
Tine deposits
Security BP’s
Poreign deposits
22
23
24
25
26
U.S. govt, securities
Tax exeapt obligations
Coaaercial paper
27
28
29
Net increase in liabilities
Net funds raised in akts.
let new eguity issues
42
43
44
Bortgages
Boae aortgages
Hulti-faaily
Coaaercial
45
46
47
48
46.3
-2.0
3.1
21.6
4.6
Bank loans n.e.c.
Coaaercial paper
Acceptances
Finance conpany loans
U.S. governaent loans
49
50
51
52
53
-9.4
24.5
21.6
16.9
4.6
Profit taxes payable
54
Trade debt
55
Fgn.direct invest, in U.S. 56
Eguity, etc.
57
Betained earnings
58
35.9 Discrepancy
7.7
69.0
-5.1
71. 1
-4.8
56.3
6.5
52.4
8.2
70.8
7.5
66.3
2.3
61.7
11.7
65.3
16.5
82.1
2.4
74. 1
-2.4
77.8
62
63
64
39.6
38.5
76.4
33.3
69.7
88.8
32.5
37.5
16.3
28.1
31.4
88.2
55.9
119.9
147.8
15.7
93.6
164.7
44.7
136.0
210.4
33.5
153.2
188.4
52.9
73.5
83.4
92.4
117.0
108.8
69.4
73.5
88.6
65
66
67
37.6
116.7
35.3
35.9
117.8
37.9
35.8
98.0
30.5
39.0
91.3
23.2
38.5
109.9
47.8
38.9
94.4
37.5
39.4
110.9
51.0
39.4
109.9
51.3
37.0
114.0
32.5
37.9
104.9
57.5
37.8
104.7
38.4
68
69
70
-3.2
-42.9
39.7
17.0
-23.6
40.6
-22. 1
-9.5
-12.7
-3.1
-11.2
8.1
46.4
-5.7
52.1
12.7
-9.2
22.0
56.4
-13.5
69.9
43.2
-7.3
50.5
60.8
-.2
61.0
25.3
-1.6
26.9
71
72
264.0
220.7
294.9
244.1
239.1
234.0
267.4
276.8
373.5
326.3
301. 1
304.2
367.9
318.8
371.7
326.8
73
43.3
50.8
5. 1
-9.4
47.1
-3.1
49.2
44.9
Heaorandua iteas:
Trade credit net of trade debt
Profits tax payaents
Debt subtotals:
Securities and aortgages
Loans and short-tern paper
Total short-tera liab. (4)
Per cent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. akt. borrowing/cap. exp.
(1) Capital outlays on book basis:
32.4 Inventory change, NIPA
.5 Less: Inv. val. adjustaent
31.9 Inventory change before IVA
371.2 Total cap. expend, before IVA
388.5
365.7
334.7 O.S. internal funds, book
326.3
333.6
financing gap>: Excess of capital expenditures
36.5
over O.S. internal funds
62.3
32. 1
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investnent is before subtracting reflows of
capital fron Netherlands Antilles subsidiaries* foreign financing.
(3) Industrial revenue bonds. Issued by state and local governaents
to finance private investaent and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except nortgages), short-tera paper, profit taxes payable, and
trade debt. Includes loans due in nore than one year and excludes
current naturities of securities and nortgages.
BILLIONS OF DOLLABS.
1/85 BASED ON INCOHPLETE INFOBHATION.
39
40
41
Debt instruaents
Tax-exeapt debt (3)
Corporate bonds (2)
60
61
1
2
3
4
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
JUNE 10, 1985
State and Local Govts, and Foreign
State and Local Govts, and Foreign
Sector Stateaents of Saving and Investaent
12
UNADJUSTED MET FLOWS(A BILL)
UNADJUSTED NET FLOWS(J BILL)
|
I
1983
IV
1984
I
II
III
|
IV |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
State and Local Governaents - General Funds (1)
130,847 126,101 130,216 125,576 141,719 134,741
98,097 93,979 96,386 92,274 105,199 100,800
10,085 10,322 10,534 10,745 10,949 11,175
22,665 21,800 23,296 22,557 25,571 22,766
237.7
166.3
16.8
54.6
267.8
187. 1
19.5
61. 1
297.7
208. 1
22. 1
67.5
327.6
225.7
24.7
77.3
352.0
244.0
27.4
80.5
1
2
3
4
5 Total expenditures, NIA basis 111,418 111,244 116,573 121,365 121,511 120,479
Purch. of goods and services 106,716 106,511 111,942 116,821 116,727 115,491
6
4,544
4,784
4,988
4,733
4,631
4,702
7
Net interest and transfers
232.2
217.2
15.0
251.2
232.9
18.3
269.7
250.4
19.3
297.3
278.3
19.0
321.5
306.0
15.5
5
6
7
1 Total receipts, NIA basis
Tax receipts
2
Social insurance receipts
3
Grants-in-aid received
4
8 Net surplus, NIA basis
9 - Retirenent credit to HH
10 •= Gross saving
19,429
11,871
7,558
14,857
8,185
6,672
13,643
8,688
4,955
4,211
11,980
-7,769
20,208
10,941
9,267
14,262
12,326
1,934
5.5
11.3
-5.8
16.6
12.9
3.7
26.0
15.9
12.1
30.3
20.7
9.6
30.4 8
16.2 9
14.2 10
11 Net financial investaent
Net acg. of financial assets
12
Deaand dep. and currency
13
14
Tiae deposits
15
Security BP’s
4,830
15,719
508
522
3,008
371
2,325
-1,225
1,079
4,133
8,840
270
-17
-1,984
-943
11,466
-3,095
3,575
247
6,425
29,690
4,054
1,071
-1,619
-1,778
8,913
-2,405
4,629
-141
-11.3
2.4
.8
-2.0
1.0
-2.6
11. 1
-.9
2. 1
•
10.3
23.0
•8
7.0
1.0
4.8
23. 1
-1.0
8.1
2.0
5.2
24.5
-1.5
-1.0
4.0
11
12
13
14
15
11,600
10,297
9,176
1,121
-197
1,500
-637
-2,286
-3,261
975
261
1,388
11,153
9,993
8,817
1,176
-19
1,179
7,616
5,994
4,909
1,085
196
1,426
23,201
21,153
19,961
1,192
329
1,719
8,887
7,268
6,082
1,186
119
1,500
1.9
-2.1
-1.7
-.4
2.4
1.6
7.7
4. 1
2.2
1.9
2.4
1.3
12.4
11.3
9.6
1.7
.6
.6
13.2
11.3
5.7
5.6
-.7
2.5
21.5
15.6
8.7
6.8
-.5
6.3
16
17
18
19
20
21
3,089
-1,171
-582
3,123
2,983
-2,057
.6
2.2
1.8
.8
10,889
10,646
10,449
-1,368
11,817
197
-2,637
-2,875
-2,688
-4,800
2,112
-187
4,707
4,469
4,182
-1,380
5,562
287
12,409
12,154
11,213
-1,290
12,503
941
23,265
23,014
16,314
-986
17,300
6,700
1C,691
10,427
7,627
-4,800
12,427
2,800
13.6
12.3
12. 1
-.3
12.4
.2
13.7
13.2
11.2
-4. 1
15.2
2.0
12.7
12.0
11.8
-2.9
14.7
.2
18.3
16.5
18. 1
.6
17.5
-1.6
243
238
238
29
Trade debt
3,664
30 Discrepancy
2,728
822
(1) Eaployee retireaeat funds are in insurance sector.
255
-6,826
251
2,842
264
3,712
1.3
5.4
.5
6.3
.7
1.9
1.7
4.8
-10,047 -15,316 -17,465 -28,417 -17,092 -2C,574
82,685 85,075 87,704 85,870 86,997 84,959
92,732 100,391 105,169 114,287 104,089 105,533
19.9
146.9
127.0
7.7
163.2
155.4
-8.8
176.3
185.1
-10.3
206.9
217.3
-2.3
261.9
264.2
1
2
3
1,904
2,167
4 - Transfers to foreign
2,856
1,865
3,698
2,392
4,516
4,604
5,246
4,713
5,012
5,175
5 - U.S. govt, interest paid
6 - U.S.current a/c net receipts -17,419 -21,824 -24,043 -35,596 -26,036 -28,141
♦ Net corporate earnings
3,883
3,694
3,638
2,556
4,185
5,071
7
retained abroad
13,536 18,130 20,405 33,040 21,851 23,070
8 « Fgn. current acct. balance
(U.S. balance, sign reversed)
4.0
4.5
11.4
4. 1
4.5
-.9
4.1
5.5
-18.5
4.5
e.7
-23.6
5. 1
11. 1
-18.4
4
5
6
6.9
-18.3
6.0
-5.1
4.8
13.6
9.2
14.3
15.5
2.9
7
8
16.5
40.8
-.2
2.4
-. 4
-.7
2.8
58.9
1.2
-.2
1. 1
5.7
-24.5
31.7
-. 1
4.2
1.2
22.3
9
10
11
12
13
14
1.7
-4.6
-14. 1
2.6
6.9
15
16
17
18
19
16
17
18
19
20
21
22
23
24
25
26
27
28
Credit aarket instruaents
U.S. govt, securities
Treasury issues
Agency issues
Tax exeapt obligations
Hortgages
Taxes receivable
Net increase in liabilities
Credit aarket borroving
Tax exeapt obligations
Short-tera
Other
U.S. governaent loans
1.5 22
19.3
17.6
17.4
1.0
16.5
.2
23
24
25
26
27
28
1.6 29
9.0 30
Foreign Sector
1 Net U.S. export receipts
U.S. export receipts
2
3 - U.S. iaport payaents
9 Net financial investaent
Net acg. of financial assets
10
11
Gold and SD8*s (1)
U.S. demand deposits
12
U.S. tine deposits
13
14
Net interbank claias
18,241
31,219
554
1,119
1,999
13,703
12,470
20,489
-218
-136
-759
7,086
20,649
31,454
-276
155
3,371
6,493
20,068
17,055
-268
-423
1,002
1,290
18,265
27,298
-195
2,437
394
-4,371
18,483
28,714
-258
2,699
-30
11,659
-24.0
5.5
-.3
1.5
-9.8
-14.7
25.6
-. 1
3.2
-1.9
-5.7
15
16
17
18
19
U.S. corporate eguities
Credit aarket instruaents
U.S. govt, securities
U.S. corporate bonds (2)
Open-aarket paper
480
13,292
6,154
1,824
5,314
552
2,352
24
1,056
1,272
-472
9,072
5,190
2,551
1,331
-1,563
7,484
4,005
3,628
-149
-1,211
24,013
17,310
8,703
-2,000
-1,137
1,418
-6,547
9,465
-1,500
4.7
6.1
8. 1
.6
-2.6
2.8
15.2
11.6
.9
2.7
2.7
39.6
31.5
3.8
4.4
2.4
38.0
28.2
1.9
7.9
20
21
Security credit
Trade credit
-89
768
930
-979
-151
43
.1
1.6
3.4
1.7
3.0
22
23
24
25
26
Biscellaneous assets
Dir. investment in U.S.
Eguity, etc.
Betained earnings
Other
161
2,345
1,656
689
-2,184
10,824
2,391
1,435
956
8,433
12,181
8,842
7,641
1,201
3,339
10,512
5,272
3,950
1,322
5,240
6,382
4,672
3,605
1,067
1,710
14,320
5,391
4,233
1,158
6,929
1.7
2.6
1.2
-.9
8.8
4.3
2.7
1.7
4.4
-4. 3
3.7
2. 1
1.6
-8. 1
7.6
7.9
5.3
2.6
-.3
27
Net increase in liabilities
U.S. off. fgn. exchange
♦ net IHF position
U.S. private deposits
12,978
8,019
10,805
-3,013
9,033
16,231
29.5
40.4
24.3
56.0
56.2 27
1,377
3,353
729
459
-168
-2,526
37
-539
763
-4,990
106
744
•8
.8
2.5
1.7
.1
1.3
.5
2.4
* 28
6. 1 29
264
7,454
744
-364
-2,206
-273
7
12,616
814
729
-9,386
590
716
-422
2,932
1,870
-3,753
577
.2
11.3
6.2
.3
19.3
8.6
.4
13.5
5. 1
-.5
33.8
4. 2
.8 30
20.2 31
3.9 32
2.3
2. 1
-4. 1
4.2
28
29
30
31
32
Foreign corporate eguities
Credit aarket instruaents
Corp, and foreign bonds
♦
1.4
- 20
• 2 21
6. 8
11.9
7.9
4.0
-5. 1
22
23
24
25
26
33
34
35
36
Bank
To
To
To
loans n.e.c.
foreign official
foreign banks
other foreign
-388
1,200
-1,209
-379
-227
104
-1,133
802
-1,950
1,049
-339
-2,660
-3,376
-863
-1,429
-1,084
-2,235
-1,163
-246
-826
-5,736
-1,030
-4,185
-521
2.0
.3
1. 1
.7
5.6
.9
4.2
.5
3. 1
.1
2.7
.3
19. 1
2. 1
9.5
7.4
37
38
Open-aarket paper
U.S. governaent loans
5,982
1,116
-3,304
1,598
12,730
1,022
-7,577
977
-1,484
365
-34
1,440
.3
2.8
1.9
3.3
2.4
3.0
6.6
3.9
11.2 37
2.9 38
156
-267
-416
-59
176
.1
.7
.3
.5
-.3
- 39
1.5 40
374
211
-22
1,162
459
703
-977
9,668
283
257
5,355
-1,034
6,389
3,773
1,292
212
671
-1,758
2,429
409
6,205
357
130
-1,241
-2,652
1,411
6,959
12,790
243
16
4,067
1,501
2,566
8,464
11,264
339
103
1,176
-1,634
2,810
9,646
15.6
.7
*
14.0
6.0
8.0
.9
16.3
1.1
-. 1
11.6
3.9
7.7
3.7
8.4
.7
*
11.5
5.1
6.4
-3.8
20. 1
.6
. 1
15.7
4.4
11.3
3.6
27.6
.6
*
26.6
7.6
19.0
.2
-4,705
5,660
-244
12,972
3,586
4,587
5.7
9.6
-2.9
11.5
27.5 48
39
40
Security debt
Trade debt
41
42
43
44
45
46
47
Hiscellaneous liabilities
U.S.eguity in IBRD, etc.
U.S. govt, deposits
U.S. dir. inv. abroad(2)
Eguity, etc.
Betained earnings
Other
48 Discrepancy
•
(1) U.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting refloss of
capital froa Netherlands Antilles subsidiaries* foreign financing.
1/85 BASED ON INCOMPLETE
INFOBHATION.
33
34
35
36
41
42
43
44
45
46
47
JUNE 10, 1985
State aad Local Govts, and Foreign
State and Local Govts, and Foreign
Sector Statenents of Saving and Investnent
SEASONALLT AOJUSTED ANNUAL BATES
1980
1961
1982
SEASONALLT ADJUSTED ANNUAL BATES
1983
1984
I
I
1983 S
IV I
1984
I
II
III
|
IV |
1985
I
State and Local Governaents - General Funds (1)
1
2
3
4
386.1
267.7
29.7
88.7
420.0
299.4
32.7
87.9
441.9
322.2
35.8
83.9
478.2
352.9
39.0
86.3
523.6
387.8
42.6
93.2
495.0
368. 1
40.3
86.5
509.6
377.8
41.3
90.6
520.6
385.2
42.1
93.2
524.6
389.5
43.0
92. 1
539.7
398.9
43.8
97.0
545.8 Total receipts, NIA basis
Tax receipts
406.0
44.7
Social insurance receipts
95.1
Grants-in-aid received
1
2
3
4
5
6
7
355.5
340.8
14.8
382.4
367.6
14.8
409.0
391.5
17.5
434. 1
415.8
18.3
470.7
452.0
18.7
443.8
425. 1
18.7
455.7
436.8
18.9
466.0
447.4
18.7
477.0
458.9
18.0
484.0
464.8
19.2
492.1 Total expenditures, NIA basis
Purch. of goods and services
475.2
19.9
Bet interest and transfers
5
6
7
8
9
10
30.6
26.5
4.1
37.6
31.0
6.6
32.9
37.3
-4.4
44. 1
44.5
-.4
52.9
39.8
13.1
51.2
47.5
3.7
53.9
32.7
21.2
54.5
34.8
19.8
47.6
47.9
-.3
55.6
43.8
11.9
53.7 Net surplus, NIA basis
49.3 - Betirenent credit to BB
4.4 = Gross saving
8
9
10
11
12
13
14
15
-2.8
16.4
-.8
-1.7
*
6.7
13.9
-1.6
2.4
2.5
-2. 1
30. 1
-3.7
6.0
.1
.7
38.2
-3.5
-3.5
3.0
12.6
50.4
3.6
3.4
-2.3
2. 1
41. 1
-6.8
-1.5
2.1
20.8
31.4
16.9
-13.3
4.3
19.3
16.6
-5.6
12.3
-7.9
-.6
56.3
-6.8
13.8
1.0
10.9
97.2
9.8
.9
-6.5
3.7 Net financial investnent
69.5
Net acg. of financial assets
Denand dep. and currency
-2.’2
10.5
Tiae deposits
Security BP’s
-.6
11
12
13
14
15
16
17
18
19
20
21
16.0
7.9
6.5
1.4
.2
9.9
9.6
1.9
-1.0
2.9
.1
7.6
29. 1
22.6
15.0
7.6
1.6
4.9
40.2
33.6
28.2
5.3
•8
5.9
41.3
34.9
30.4
4.4
•8
5.7
43.3
38.1
33.6
4.5
-.8
6.0
17.7
11.1
7.2
3.9
1.0
5.6
12.2
7.5
2.8
4.7
-.1
4.7
45.8
39.3
35.0
4.3
.8
5.7
89.6
81.5
76.7
4.8
1.3
6.9
58.9
52.5
47.7
4.7
.5
6.0
22
1.1
1.0
-1.4
1.9
4.4
4.0
5.9
5.6
2.5
3.4
2.8
23
24
25
26
27
28
19.2
17.2
16.3
1.7
14.6
.9
7.3
6.2
4.9
1.1
3.8
1.2
32.2
31.3
30.3
5.9
24.4
1.0
37.5
36.7
35.6
-6.6
42.2
1. 1
37.7
36.8
29.0
-8.5
37.5
7.7
39.0
38.0
37.2
-4.4
41.6
.8
10.6
9.7
10.4
-9.2
19.6
-.7
-2.7
-3.7
-4.8
-13.8
9.0
1. 1
56.8
55.8
52.1
-7.6
59.6
3.8
86.2
85.2
58.4
-3.3
61.7
26.8
65.8
64.8
53.6
-8.3
61.8
11.2
29
30
2.0
6.9
1.1
V
.9
-2.3
.8
-1.0
1.0
.5
1.0
1.6
1.0
•3
1.0
.5
Credit narket instrunents
U.S. govt, securities
Treasury issues
Agency issues
Tax exeapt obligations
Bortgages
16
17
18
19
20
21
Taxes receivable
22
Net increase in liabilities
Credit narket borrowing
Tax exenpt obligations
Short-tern
Other
U.S. governaent loans
23
24
25
26
27
28
1.0
Trade debt
1.0
1.1
.7 Discrepancy
.3
.9
(1) Eaployee retirenent funds are in insurance sector.
29
30
Foreign Sector
1
2
3
12.2
320.9
308.7
18. 1
356.3
338.2
9.2
339.9
330.7
-23. 2
319.9
343. 1
-78.3
345.6
423.9
-44.2
329.0
373.2
-65.8
340.7
406.5
-70.9
345.4
416.3
-105.3
348.7
454.0
-71.2
347.7
418.9
4
5
6
6.3
12.5
-6.6
6.5
16.8
-5.2
7.5
18. 1
-16.4
8.0
17.7
-48.8
9.6
19.6
-107.5
11.3
18.1
-73.5
7.7
18.4
-92.0
7.4
18.9
-97.2
8.8
20.0
-134.1
14.6
21.0
-106.8
7
8
11.7
-5.1
9.9
-4.7
9.8
6.6
14.9
33.9
14.1
93.4
14.4
59. 1
14.3
77.7
12.2
85.0
14.6
119.4
15.2
91.6
9
10
11
12
13
14
-26.7
29.7
1.1
*
1.2
-23.2
-27.3
34.2
-.7
-3.8
2.3
-7.0
-34.3
.9
-1.4
-3.7
6.8
-30. 1
26.7
63.5
1.6
.5
20.1
71.5
96.3
-1.0
2.0
4.0
10.5
72.4
141.4
2.2
2.6
3.8
74.8
65.7
68.1
-.9
2.4
-1.2
20.3
66.2
110.8
-1.1
-5.7
10.9
4.6
82.6
79.6
-1.1
2.6
9.5
15.1
71.3
126.7
-.8
8.8
-3.2
2.0
15
16
17
18
19
5.4
23.2
10.6
8.2
4.4
5.8
16.3
7.0
8.4
.8
3.9
18. 1
6.0
10.6
-.5
5.4
27. 1
16.9
4.9
5.4
-2.7
42.9
26.5
15.9
.5
2.6
48.6
22.9
7.3
18.4
.1
13.8
-1.3
4.2
11.0
-2.5
41.1
25.8
10.2
5. 1
-4.4
26.0
14.5
14.5
-3.0
-4.0
90.7
67. 1
34.8
-11.2
-6.8
10.3
-27.7
37.9
•1
20
21
3.6
*
.1
-1.5
•6
—
-.4
3.2
3.7
-3.9
-.6
•2
30.3
9.6
5.7
3.8
20.7
59.8
35.4
30.6
4.8
24.4
35.8
21.1
15.8
5.3
14.7
33.7
18.7
14.4
4.3
15.0
♦
-88.9 Net U.S. export receipts
339.1
U.S. export receipts
428.0 - U.S. inport payaents
9.7 - Transfers to foreign
20.7 - U.S. govt, interest paid
-119.3 - U.S.current a/c net receipts
♦ Net corporate earnings
19.8
retained abroad
99.5 = Fgn. current acct. balance
(U.S. balance, sign reversed)
4
5
6
92.9 Net financial investaent
98.7
Net acg. of financial assets
-1.0
Gold and SDB’s (1)
12.6
U.S. denand deposits
1.9
U.S. tine deposits
40.2
Net interbank clains
9
10
11
12
13
14
O.S. corporate eguities
Credit narket instrunents
U.S. govt, securities
U.S. corporate bonds (2)
Open-narket paper
15
16
17
18
19
Security credit
Trade credit
20
21
41.5
21.6
16.9
4.6
19.9
Hiscellaneous assets
Dir. investnent in U.S.
Eguity, etc.
Betained earnings
Other
22
23
24
25
26
Net increase in liabilities
U.S. off. fgn. exchange
♦ net IHF position
U.S. private deposits
28
29
22
18.4
23
24
25
26
16.9
10.7
6.2
1.5
21.3
23.1
19.4
3.8
-1.9
7.2
14.9
16.2
-1.3
-7.7
10.3
11.3
9.9
1.4
-1.0
39.9
21.2
16.6
4.5
18.7
7. 2
9.4
6.6
2.8
-2.2
27
56.5
61.5
35.2
36.8
24.8
69.0
2.3
44.6
-2.9
55.4
5.9
28
29
8.0
2.8
2.1
12.6
3.0
2.4
.5
3.0
1.4
-7.6
5.5
13.4
2.9
1.8
-.7
-10. 1
.1
-2.2
3.1
-20.0
.4
3.0
30
31
32
2.1
27.2
.8
.3
27.2
5.4
1.5
15.7
6.7
4.0
18.9
3.8
1. 1
.6
4.1
1. 1
31.7
3.0
-1.5
-10.5
-1.1
♦
48.8
3.3
2.9
-36.8
2.4
2.9
.9
11.7
7.5
-18.8
2.3
33
34
35
36
11.5
4.5
4.7
2.3
3.7
•8
-4.5
7.3
-6.2
*
.7
-6.8
4.9
3.0
-.9
2.8
-7.8
-.9
-3. 1
-3.8
.3
4.8
-4.6
.1
-2.6
.4
-4.0
1.0
-9.4
4.2
-2.9
-10.8
-12.8
-3.5
-5.4
-3.9
-6.3
-4.7
-.3
-1.4
-26.7
-4.1
-18.2
-4.4
37
38
10.1
4.7
13.9
4.2
10.7
4.5
6.0
4.3
.4
4.0
23.9
4.5
-13.2
6.4
50.9
4.1
-30.3
3.9
-5.9
1.5
-• 1
5.8
39
40
1.7
•2
-2.7
.2
-.6
.6
-1.1
-1.7
-.2
.7
41
42
43
44
45
46
47
14.7
.7
—.2
21.9
4.9
17.0
-7.8
19.1
1.1
-.2
13.0
-.5
13.5
5.2
15.4
1.3
•4
4.4
—2.0
6.4
9.4
10.2
.7
.1
8.6
-.3
9.1
.6
30.0
1. 1
.4
8.9
-3.9
12.8
19.6
16.7
•8
-.1
8.9
6. 1
2.8
7.0
10.6
1.1
1.0
20.8
-4.8
25.6
-12.4
8.2
•8
1.7
-8.0
9.7
5.7
33.2
1.4
.5
-8.4
-14.1
5.6
39.7
67.8
1.0
.1
21.4
11.1
10.3
45.4
48
21.6
22.6
40.8
7.2
22.0
-13.3
11.9
18.8
36.9
20.3
BILLIONS OF DOLLABS<
13.8
1.4
.4
3.6
-7.6
11.2
8.4
7
8
27
Foreign corporate eguities 30
Credit aarket instruaents 31
Corp, and foreign bonds 32
loans n.e.c.
foreign official
foreign banks
other foreign
33
34
35
36
Open-narket paper
U.S. governaent loans
37
38
Eank
To
To
To
Security debt
Trade debt
39
40
Hiscellaneous liabilities
U.S.eguity in IBBD, etc.
U.S. govt, deposits
U.S. dir. inv. abroad(2)
Eguity, etc.
Betained earnings
Other
41
42
43
44
45
46
47
6.6 Discrepancy
(1) U.S. net sales sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting reflows of
capital froa Netherlands Antilles subsidiaries* foreign financing.
1/85 BASED ON INCOHPLETE INFOBHATION.
1
2
3
48
JUNE 10, 1985
U.S. Governaent and Credit Agencies
U.S. Governaent and Credit Agencies
Sector Stateaents of Saving and Investaent
14
UNADJUSTED NET FLOWS(J HILL)
UNADJUSTED NET FLOBS($ RILL)
|
1983 |
i
IV
i
II
I
III
IV |1
.
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
0.S. Governaent
1 Total receipts, NIA basis
Personal taxes
2
Corp, profits tax accruals
3
Indirect taxes
4
Social insurance receipts
5
153,196 171,720 184,563 177,992 170,420 194,513
70,248 69,707 80,611 84,409 80,233 85,696
16,605 17,111 19,886 16,562 17,205 15,376
13,395 13,507 14,419 14,050 13,550 14,250
52,948 71,395 69,647 62,971 59,432 79,191
287.3
125.8
43.6
23.9
94. 1
331.8
147.3
54.6
23.4
106.5
375.2
170. 1
61.6
25.0
118.5
431.6
194.9
71.3
28. 1
137.2
493.6
230.6
74.2
29.4
159.5
1
2
3
4
5
6 Total expenditures, NIA basis
Goods and services
1
Transfers, etc.
8
9
Net interest
210,381 213,974 216,627 218,079 231,860 235,289
68,978 67,643 72,274 74,076 81,420 80,089
115,848 119,433 116,612 113,742 118,618 123,141
25,555 26,898 27,741 30,261 31,822 32,059
356.6
122.7
210.8
23.1
384.8
129.2
228.9
26.8
421. 1
143.4
248.5
29. 1
461.0
153.6
272.3
35.2
509.7
168.3
299.0
42.4
6
7
8
9
-57,185 -42,254 -32,064 -40,087 -61,440 -40,776
3,886 13,254
3,101 -2,380
2,180 -2,109
-59,365 -40,145 -35,950 -53,341 -64,541 —38,396
1,925
480
1,605
2,520
1,852
717
-58,648 -38,540 -33,430 -51,489 -62,616 —3*7,916
-69.3
3.8
-73.1
1.3
-71.8
-53. 1
4.7
-57.8
4.0
-53.8
-45.9
6.6
-52.5
2.5
-50.1
-29.5
7.2
-36.7
2.0
-34.7
-16. 1
8.2
-24.3
4.7
-19.5
10
11
12
13
14
-62,596 -46,425 -36,000 -49,775 -63,217 -45,053
15 Net financial investaent
9,861
1,130 19,055
-405
1,113
16
Net acg. of financial assets -22,850
412
903
516
-33
873
621
17
Gold, SDB's ♦ fgn. exch.
255 15,885 -12,693 -4,610
1,937
Demand deposits ♦ currency -25,317
18
25
98
269
92
140
Tine deposits
-108
19
-74.4
16.4
.7
2.7
. 1
-58.6
21.3
2.5
3.8
.2
-55.8
8.6
.4
-.5
.1
-38.6
24.8
-2. 3
3.7
.1
-25.5
21.4
-.6
•2
.1
15
16
17
18
19
19.0
6.6
12.4
20
21
22
23
10
11
12
13
14
Net surplus, NIA basis
• Insurance credits to hh
Gross saving
♦ Hineral rights sales (1)
58 Nonfinancial surplus
20
21
22
23
Credit aarket instruaents
Fed. agency securities
Hortgages
Other loans
24
25
26
Taxes receivable
Trade credit
Hiscellaneous
27
28
Net increase in liabilities
Treasury curr. * SDB ctfs.
29
30
31
32
Credit aarket instruaents
Savings bends
Other treasury issues
Agency issues and atgs.
33
34
35
Life ♦ retireaent reserves
Trade debt
Hiscellaneous
36 Discrepancy
37 Heao: Corp, tax receipts, net
1,832
—
498
1,334
1,632
-320
1,952
2,746
243
2,503
3,132
—
-1,031
4,163
11,307
1,543
9,764
5,963
•
291
5,672
13.4
6.5
6.9
7.9
.4
7.5
10.0
4.2
5.8
17. 1
4.2
12.8
1,034
-1,353
189
3,669
1,322
540
-4,804
2,284
212
-2,325
1,262
487
-664
214
259
-1,991
1,250
442
-2.3
1.2
.7
5.6
.5
1.0
-1.4
-.8
.7
2.8
2.7
•8
-.5 24
2.4 25
.8 26
39,746
86
56,286
174
37,130
155
68,830
83
62,812
141
46,166
139
90.9
.9
80.0
1.2
64.4
.3
63.5
.5
46.9 27
1.6 28
36,180
920
35,289
-29
49,427
764
48,737
-74
31,166
688
30,514
-36
54,048
761
53,322
-35
64,161
817
63,366
-22
41,827
928
40,938
-39
85.4
4.0
81.8
-.4
69.0
4.7
64.5
-. 1
56.8
4.7
52.9
-.9
53.7
3.9
51.2
-1.4
37.4
-.8
39.6
-1.4
2,180
862
438
-2,109
1,385
7,409
3,886
731
1,192
13,254
446
999
3,101
133
-4,724
-2,380
-6
6,586
3.8
1.4
-.7
4.7
4. 1
.9
6.6
1.6
-.9
7.2
2.3
-.3
29
30
31
32
8.2 33
1.0 34
-1.3 35
3,948
7,885
2,570
-1,714
601
7,137
2.7
4.8
5.8
3.9
6.0 36
15,571
13,442
24,690
18,887
17,869
17,367
45.9
49.0
63.0
68.5
74.7 37
(1) Sales of Outer Continental Shelf leases*
Federally Sponsored Credit Agencies and Hortgage Fools
Sponsored credit agencies
341
331
312
305
288
278
.6
.6
.7
3.0
1.2
1
2 Net acg. of financial assets
Deaand deposits and currency
3
4
Fed. funds ♦ security BP's
2,627
142
-1,035
5,590
-1
710
12,031
-101
-533
14,862
289
7,425
9,053
394
1,741
1,102
-402
-2,811
5.2
4.4
-.3
.3
7.7
.1
•2
28.6
*
1.4
31. 1
.2
.6
2
3
4
5
6
7
8
Credit aarket instruaents
U.S. governaent securities
Cpen-aarket paper
Student loans (SLHA)
3,190
-1,685
263
266
3,910
440
-29
190
12,118
982
-135
856
6,037
-3,195
-167
523
6,117
2,374
231
368
4,566
-863
-157
361
4.5
1.5
.1
-
4.7
1.5
•
-
6.4
-3.8
•2
• 1
26.7
•6
-1.2
•4
30.0
.2
. 1
.6
5
6
7
8
9
10
11
Housing credit
Besidential aortgages
FHLB loans to s*l assns.
4,941
3,850
1,091
2,703
4,048
-1,345
10,627
2,376
8,251
8,718
1,572
7,146
5,652
4,036
1,616
5,304
5,234
70
-1.2
2.8
-4.0
-1.6
.4
-2.0
4.9
.5
4.3
21.5
9.0
12.5
18.5 9
9.4 10
9.2 11
-595
-9
623
-1,209
330
606
-30
977
-341
971
-212
156
-966
598
547
158
50
-394
502
1,111
-2,508
-497
-29
-1,982
801
-79
200
189
-468
-251
4. 1
2.6
.4
1. 1
1.0
4.8
2.5
1.0
1.3
-.5
5.0
2.9
•6
1.4
1.0
5.4
3.2
.7
1.5
.5
10.5
5.0
2. 1
3.3
•4
12
13
14
15
16
2,720
3,200
3,200
-480
5,279
5,543
5,543
-264
11,899
9,045
9,045
—
2,854
14,608
12,456
12,456
—
2,152
8,883
3,386
3,386
5,497
856
3,259
3,259
-2,403
4.9
3.2
2.3
.9
1.7
4. 1
2. 1
2.5
-.4
2.0
7.3
5.9
7.0
-1. 1
1.4
28. 1
23.5
23. 1
.4
4.6
30.6
24.8
24.3
.6
5.7
17
18
19
20
21
434
20
180
51
118
32
.3
.3
.4
.5
23 Net acg. of aortgages
24
Hone mortgages
25
Hulti-faaily aortgages
26
Fara aortgages
13,269
13,042
226
1
11,124
10,881
245
-2
7,680
7,183
535
-38
12,194
11,421
505
268
12,924
13,139
56
-271
14,400
14,130
511
-241
7.1
7.3
•4
-.6
12.2
11.9
.5
-.2
16. 1
15.7
.9
-.5
13.6
12.4
1.5
-.3
23. 1
21.8
1.2
• 1
27 Net incr. in pool securities
13,269
11,124
7,680
12,194
12,924
14,400
7.1
12. 2
16. 1
13.6
23. 1 27
Heao: Totals for agencies and pools
Housing credit
18,209
-594
Loans to agriculture
13,829
604
18,345
-250
20,644
426
18,847
-2,779
11,945
-320
6.5
3.5
10.8
4.6
21.5
4.5
35.4
5. 1
41.5 28
10.6 29
16,469
16,667
16,725
24,650
16,310
17,659
9.4
14.6
23. 1
36.7
47.3 30
1 Current surplus
12
13
14
15
16
Loans to agriculture
Fara mortgages
Loans to coops (BC)
Loans to faraers (FICB)
Hiscellaneous assets
17 Net increase in liabilities
Credit aarket instruaents
18
19
Sponsored agency issues
U.S. governaent loans
20
Hiscellaneous liabilities
21
22 Discrepancy
♦
♦
• 6 22
Federally related nortgage pools (D
28
29
30 Net security issues
(1) GNMA, FNHA, FHLHC, and Faraers Hoae Adainistration pools. Excludes
Federal Financing Bank holdings of pool securities, which are in
U.S. governaent aortgages and other loans directly.
1/85 BASED ON INCOHPLETE INFOBHATION.
23
24
25
26
JUNE 10, 1985
U.S. Governaent and Credit Agencies
U.S. Governnent and Credit Agencies
15
Sector Statenents of Saving and Investnent
SEASONALLI ADJUSTED ANNOAL BATES
1980
1981
1982
SEASONALLI ADJOSTED ANNOAL BATES
1983
1984
I
I
1983 |
17 1
I
II
III
17 1
I
O.S. Governnent
1
2
3
4
5
540.9
257.7
70.3
39.0
173.9
624.8
298.7
65.7
56.4
204.1
616.7
306.2
46.6
48.4
215.5
641. 1
295.2
59.8
52. 4
233.7
704.7
315.0
70.8
55.5
263.4
655.0
293.3
66.5
54.5
240.7
686.4
301.6
73.0
54.1
257.6
704.3
310.7
75.6
55.9
262.0
706.2
319.7
65.3
56.1
265.2
721.9
327.9
69.1
55.9
269.0
769.3 Total receipts, NIA fcasis
360.9
Personal taxes
66.5
Corp, profits tax accruals
56.6
Indirect taxes
285.3
Social insurance receipts
1
2
3
4
5
6
7
8
9
602.1
197.0
351.7
53.4
689.1
228.9
387.0
73.3
764.9
258.9
421.6
84.4
819.7
269.7
455.8
94.2
880.5
295.4
468.4
116.7
835.5
266.3
467.3
102.0
847.6
267.6
472.4
107.6
868.0
296.4
460.7
110.9
886.8
302.0
462.9
122.0
919.7
315.7
477.6
126.4
930.4 Total expenditures, NIA basis
Goods and services
316.8
485.1
Transfers, etc.
128.5
Net interest
6
7
8
9
10
11
12
13
14
-61.2
8.8
-70.0
5.0
-65.0
-64.3
10.0
-74.4
4.8
-69.5
-148.2
11.9
-160. 1
7.8
-152.3
-178.6
14.2
-192.9
7.8
-185. 1
-175.8
18.1
-194.0
7.9
-186. 1
-180.5
16.9
-197.4
2.9
-194.5
-161.3
14.2
-175.4
6.4
-169.0
-163.7
20.4
-184.2
10. 1
-174. 1
-180.6
16.8
-197.5
7.4
-190.0
-197.8
21.1
-218.9
7.7
-211.2
-161.1
14.2
-175.3
1.9
-173.4
15
16
17
18
19
-64.6
24.2
4.3
-3.0
-.2
-7 9.1
21.3
2.8
1.2
-.1
-155.5
21.2
3.8
7. 1
.5
-193.6
12. 1
2.7
-8. 1
-.5
-195.4
29.6
2.5
5.4
.5
-209.5
-50.0
3.5
-55.4
-.4
-194.7
46.7
2.5
21.9
.6
-175.3
17.2
1.6
-8.0
.1
-198.9
9.8
2.1
8.5
.4
-212. 8
44.8
3.6
-.8
1.1
-196.6 Net financial investnent
Net acg. of financial assets
12.3
Gold, SDB’s ♦ fgn. exch.
-.1
Deaand deposits ♦ currency
-4.7
.4
Tine deposits
20
21
22
23
23.7
7.5
16.2
24.1
4.9
19.1
16.0
2.4
13.6
9.7
1.2
8.5
18.8
.4
18.4
10.5
2. 1
8.4
7.6
*
7.6
7.3
.3
6.9
12.3
-4.6
16.9
48.2
6.1
42.1
25.2
2.7
22.5
24
25
26
-4.8
3.8
.5
-10.0
2.5
.9
-12.6
4.8
1.6
3.7
3.8
.7
-4.1
5. 1
1.5
-3.5
-5.4
•8
6.8
5.3
2.2
6. 1
9.1
•8
-20.4
5.0
1.9
-9.0
.9
1.0
-15.2
5.0
1.8
27
28
88.7
1.3
100.4
1.2
176.7
1.7
205.7
.5
225.1
•6
159.5
.3
241.4
.7
192.5
.6
208.8
.3
257.6
.6
208.9
•6
29
30
31
32
79.2
-7.3
87.1
-.6
87.4
-4.3
9 2.2
-.5
161.3
.2
162.0
-.9
186.6
3. 1
183.5
-. 1
198.8
3.0
195.9
-.2
136.9
2.3
134.8
-. 1
191.3
4.7
186.9
-.3
163.5
2.5
161.2
-.1
186.3
2.9
183.6
-.1
254. 1
2.0
252.2
-.1
167.6
5.3
162.5
-.2
33
34
35
8.8
1.4
-1.9
10.0
.7
1.0
11.9
1.7
.2
14.2
2.4
2.0
18.1
2.7
4.9
16.9
3.6
1.8
14.2
5.6
29.6
20.4
3. 1
4.8
16.8
1.3
4.0
21.1
.8
-18.9
14.2
.2
26.3
36
-.5
9.6
3.2
8.6
9.3
15. 0
25.7
1.2
8.9
1.6
37
75.1
75.7
59.2
56. 1
74.9
70.0
66.2
69.5
85.7
78.2
Net surplus, NIA fcasis
- Insurance credits to hh
= Gross saving
♦ Mineral rights sales (1)
= Nonfinancial surplus
10
11
12
13
14
15
16
17
18
19
Credit narket instruaents
Fed. agency securities
Mortgages
Other loaas
20
21
22
23
Taxes receivable
Trade credit
Miscellaneous
24
25
26
Net increase in liabilities 27
Ireasury cure. * SDB ctfs. 28
Credit narket instrunents
Savings bonds
Other treasury issues
Agency issues and atgs.
29
30
31
32
Life * retireaent reserves 33
34
Trade debt
Miscellaneous
35
23.2 Discrepancy
36
81.7 Heno: Corp, tax receipts, net
37
(D Sales of: Outer Continental Shelf leases.
federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
1
1.4
1.2
1.9
1.5
1.2
1.4
1.3
1.2
1.2
1.2
2
3
4
29.5
♦
1.8
37.6
.2
3.5
22.4
-.2
5.4
2.0
.2
-2.3
41.5
.6
9.3
13.3
*
-4. 1
37.4
•6
2.8
40.1
-.2
-2. 1
48.5
1.0
29.7
40.1
1.0
7.0
5
6
7
8
26.4
.7
♦
1.1
33.2
•4
.3
2.2
15.7
1.4
-.3
1.6
3. 1
-1.3
.4
1.5
28.2
.6
-.1
1.9
17.3
-2. 4
1. 1
1. 1
29.9
3.8
-.1
.8
39.4
5.8
-.5
3.4
13.3
-21.9
-.7
2.1
30.1
14.7
.9
1.5
34.5
-.5
-.6
1.4
9
10
11
14.9
7.8
7.1
21.2
5.0
16.2
11.0
10.2
.8
2.2
9.3
-7.0
27.7
12.0
15.7
15.3
14.0
1.3
24.2
18.8
5.5
35.1
9.2
25.9
33.3
5.8
27.6
18. 1
14.4
3.7
35.4
24.3
11.1
12
13
14
15
16
9.6
6.3
1.5
1.9
1.3
9.1
7.6
-.3
1.8
.7
2.0
3.6
-.8
-.8
1.4
.3
.8
.9
-1.3
1. 1
-2.0
-.3
-.4
-1.2
3. 4
2.3
•6
.7
1. 1
.1
1.3
-. 1
1.2
.1
4.1
-4.4
-. 1
-.5
-3.9
3.0
.5
.3
-.5
.7
4.5
-5.2
-1.5
-1.9
-1.8
2.1
-1.2
.9
-2.2
.1
-.8
17
18
19
20
21
29.2
25.6
24.4
1.2
3.6
37.1
32.4
30.5
1.9
4.7
21.3
15.3
14.9
.4
5.9
1.2
1.4
1.4
-.2
40.7
30.4
30.4
10.2
12.5
16.2
16.2
-3.7
36.3
34.9
34.9
1.5
40.3
26.8
26.8
—
13.5
47.9
42. 1
42.1
5.7
38.2
18.0
18.0
20.2
20.7 Net increase in liabilities
27.6
Credit narket instrunents
27.6
Sponsored agency issues
—
O.S. governnent loans
-6.9
Miscellaneous liabilities
22
1.1
.7
.8
.7
.4
•6
•2
1.4
•6
-.8
23
24
25
26
19.2
18.7
.7
-.2
15.0
14.1
1. 1
-.1
49.5
49.3
•4
-.2
66.4
65.2
1.2
♦
43.9
42.6
1.3
*
53.4
52.5
.9
*
42.7
41.8
1.0
*
33.9
31.9
2. 1
-.2
46.7
43.6
2.0
1.1
52.3
53.2
.2
-1.1
55.4 Net acg. of nortgages
Hone nortgages
54.4
Hulti-faaily aortgages
2.0
Fara aortgages
-1.0
23
24
25
26
27
19.2
15.0
49.5
66.4
43.9
53.4
42.7
33.9
46.7
52.3
55.4 Net incr. in pool securities
27
28
29
34.3
9.4
36.3
9.0
60.7
1.8
68.6
•2
71.7
-2.0
68.7
2.3
67.0
1.2
69.2
-4.6
79.0
1.6
71.6
-6.3
Heno: Totals for agencies and pools
91.8
Housing credit
-2.1
Loans to agriculture
28
29
30
43.6
45.5
64.5
67.8
74.4
69.6
77.6
60.7
88.9
70.3
1.1 Current surplus
1
21.5 Net acg. of financial assets
Denand deposits and currency
-1.0
Fed. funds * security BP's
-11.2
2
3
4
Credit aarket instcunents
U.S. governnent securities
Open-aarket paper
Student loans (SLMA)
5
6
7
8
Housing credit
9
Besidential aortgages
10
FHLB loans to s*l assns. 11
Loans to agriculture
Fara aortgages
Loans to coops (BC)
Loans to faraers (FICB)
Miscellaneous assets
.3 Discrepancy
12
13
14
15
16
17
18
19
20
21
22
Federally related nortgage pools (1)
83.1 Net security issues
(1) GNMA, FNMA, FHLHC, and Earners Hone Adninistration pools.
Excludes
Federal Financing Bank holdings of pool securities, which are in
U.S. governaent nortgages and other loans directly.
BILLIONS OF DOLLABS.
1/85 BASED ON INCOMPLETE INFOBHATION.
30
JUNE 10, 1985
Banking Systea
Banking System
16
Sector Stateaents of Saving and Investaent
UNADJUSTED NET ELONS($ BILL)
UNADJUSTED NET ELONS(E HILL)
|
1I
1983 |
IV |
1984
III
II
I
|
IV |
1985
I
1975
BILLIONS OP DOLLABS
1976
1977
1978
1979
Hone tary Authority
132
220
251
315
363
417
.2
V
•2
.7
.2
1
2 Net acg. of financial assets
Gold and foreign exchange
3
4
Treasury currency
SDB certificates
5
6
Federal Beserve float
7
F.B. loans to domestic banks
-3,148
-50
164
1,623
-707
-2,132
326
157
-776
-22
5,081
-304
224
-1,442
3,864
7,714
-211
124
944
1,873
3,926
55
181
566
-3,056
-1,502
397
170
-557
-995
11.3
.1
1.0
.1
1.7
-. 1
9.7
.1
•6
.7
-1. 1
-.2
8.5
♦
.5
. 1
1.2
.2
13.3
1.6
.5
.1
2.7
.9
10.9
.7
1.3
•5
.3
•3
2
3
4
5
6
7
Credit aarket instruaents
U.S. governnent securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Hiscellaneous assets
-4,620
-3,916
-3,481
-435
-704
442
-1,841
-1,423
-1,128
-295
-418
24
1,988
1,988
2,045
-57
751
2,151
2,151
2,159
-8
—
2,833
6,116
6,116
5,832
284
—
64
-272
-272
133
-405
-245
8.5
8.4
7.4
1.0
.1
*
9.8
10.0
9. 1
.9
-. 1
—
-.2
7. 1
7.2
5.8
1.4
*
-.6
7.0
7.3
7.7
-.4
-.4
.5
7.7
7.6
6.9
.7
.1
—
.2
8
9
10
11
12
13
14
-3,280
749
3,586
-2,352
721
-3,663
4,830
-1,915
740
7,399
3,360
272
3,563
-1,793
5,893
-1,919
5,178
-5,956
11. 1
.2
•6
9.7
-.9
-.1
8.3
1.7
1.8
12.6
4.4
1.5
Deaand deposits and currency -7,401
Due to 0. S. governaent
-12,901
Due to foreign
-26
Currency outside banks
5,526
Hiscellaneous liabilities
-214
576
63
48
465
14
6,229
733
-97
5,593
-224
4,031
4,059
-26
-2
-264
-551
-3,150
36
2,563
14
-884
-2,212
-28
1,356
-257
10.7
4.5
♦
6.3
-.4
10.6
3. 1
.2
7.4
.1
4.8
-3.3
♦
8.2
*
6.3
-3.1
•1
9.3
.4
8.2
.1
.1
8.0
.9
18
19
20
21
22
1 Current surplus
8
9
10
11
12
13
14
15 Net increase in liabilities
16
Heaber bank reserves
17
Vault cash of coal, banks
18
19
20
21
22
10.7 15
-1.4 16
3.0 17
Coaaercial Banking (D
1 Current surplus
2 Plant and eguipaent
3 Net acg. of financial assets
4
Deaand deposits and currency
5
6
7
8
Total bank credit
U.S. govt, securities
Treasury issues
Agency issues
9
10
Tax-exeapt Obligations
Corporate nonds
11
12
13
14
15
16
Total loans
Hortgages
Consuaer credit
Eank loans n.e.c.
Cpen-aarket paper
Security credit
17
18
19
Corporate eguities
Vault cash ♦ aea. bank res.
Hiscellaneous assets
20 Net increase in liabilities
21
Checkable deposits
22
U.S. governaent
Foreign
23
24
Private doaestic
3,439
3,795
4,380
3,643
3,461
3,803
2,714
3,791
2,676
3,505
4,312
3,711
4.3
2.3
4.5
4.1
5.3
6.7
6.7
9.3
7.9
10.7
1
2
62,078
595
34,459
625
59,803
651
34,494
661
70,616
708
12,698
737
34.5
. 1
71.3
—.2
97.6
.5
143.6
.3
134.6
.7
3
4
58,654
4,646
6,232
-1,586
37,794
7,333
8,763
-1,430
46,244
-7,185
-7,303
118
36,259
397
-460
857
65,366
749
1,549
-800
12,784
11,073
5,552
1,521
31.5
30.0
28.6
1.4
66.5
20.2
18.7
1.5
90.0
-1. 1
-1.9
.8
125.7
.5
-6.5
7.0
122. 2
7.9
.4
7.6
5
6
7
8
5,438
478
-611
2,013
-338
497
5,484
1,543
7,926
693
-6,775
167
1.8
1.8
3.0
-.6
9.2
*
9.6
-.3
48,098
8,579
12,990
21,763
198
4,568
29,057
8,996
6,087
15, 590
-685
-931
53,270
12,605
16,229
23,591
1,996
-1,151
28,839
11,319
12,548
3,852
332
788
56,069
11,646
11,102
27,537
-1,304
7,088
8,319
8,498
5,116
-5,669
-257
-3,369
-2. 1
3.8
3.1
-12.1
1. 1
2.1
43.8
15. 1
12.0
6. 4
3.7
6.6
82.0
27.4
22.3
29.9
.3
2.2
115.9
35. 1
26.2
58.8
-1.3
-2.9
9.5 9
-. 1 10
104.8
30.6
19.9
52.9
2.2
—.9
11
12
13
14
15
16
*
*
*
*
♦ 17
-778
-45
.8
2.0
-1.0
6. 1
3.5
3.5
5.5
11.8
1.6 18
10. 1 19
59,041 31,934
1,612
2,750
-1,000 12,678
252
-397
3,498 -10,669
70,862 10,972
30,802 -25,030
-9,172
881
2,727
2,401
37,573 -28,638
32.6
7.6
-1.7
-.3
9.6
69.6
13.4
-. 1
3.0
10.4
92.9
24.5
4.3
2.4
17.8
138.2
25.4
6.8
-.3
18.9
-6
2
4,335
-1,506
-2,942
-1,018
-1,175
14,083
60,267
13,861
-11,315
1,145
24,031
32,704
-5,970
1,519
-184
-7,305
—4
-71
3,632
-6,078
4,100
442
-
-
128.0
26. 4
.4
4. 1
21.8
20
21
22
23
24
25
Saall tiae and savings dep.
24,151
13,313
18,806
12,486
29,978
23,040
39.9
54.6
28.2
13. 2
29.5 25
26
27
Large tiae deposits
Fed. funds and security BP*s
11,014
3,062
-5,177
6,258
18,474
-9,666
6,597
1,999
5,961
-1,110
-6,259
-4,777
-9.9
3.5
-15.3
13.6
26. 0
9.0
48.6
19.5
13.8 26
15.6 27
28
29
30
31
Net interbank claias
To Federal Beserve
To doaestic tanks (2)
To foreign banks
7,973
916
-6,646
13,703
17,798
-798
11,510
7,086
12,670
2,422
3,755
6,493
6,030
2,817
1,923
1,290
-4,931
-2,490
1,930
-4,371
14,086
-1,552
3,979
11,659
-11.9
1.6
-3.8
-9.8
-7.8
-1.3
-.9
-5.7
— 4. 6
1.4
-5.4
-.7
10. 1
3.6
.8
5.7
21. 1
.5
-1.7
22.3
28
29
30
31
32
33
34
35
Corporate eguity issues
Credit aarket debt
Corporate bonds
Cpen-aarket paper
188
2,267
1,419
848
195
4,001
624
3,377
202
8,037
3,517
4,520
209
-2,257
500
-2,757
216
4,704
3,570
1,134
223
3,970
2,613
1,357
1.0
.8
.5
.3
1.6
6. 1
6.9
-.8
.6
2.5
1.3
1.3
1. 1
7.3
.6
6.7
1.3
6. 7
2. 1
4.5
32
33
34
35
36
37
Profit taxes payable
Hiscellaneous liabilities
-14
-2,235
2,286
-3
7,771
4
5,254
4
5,238
15
5,704
-.3
2. 1
3.4
.2
6.7
.1
12.9
38 Discrepancy
-2,167
-1,018
-1,104
-3,637
-583
-1,125
.1
-1.4
-6.1
-8.0
-9.4 38
39 Heao:
54,092
38,723
47,395
35,475
58,349
16,153
29.5
59.8
87.8
128.5
123. 1 39
Credit akt. funds adv.
(1) Consists of U.S.-chartered coaaercial nanks, their domestic affiliates,
Bdge Act corporations, agencies and branches of foreign banks, and banks
in U.S. possessions. Edge Act corporations and offices of foreign banks
appear together in these tables as "foreign banking offices."
(2) Floats and discrepancies in interbank deposits and loans,
1/85 BASED ON INCOHPLETE INFOBHATION.
.5 36
13.2 37
JUNE 10, 1985
Banking Systen
Eanking Systen
Sector Stateaents of Saving and Investnent
17
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
I
1980
1981
1982
1983
1984
1
1983 |
|
IV |
19e4
1
iv
III
II
I
1985
1
Honetary Authority
1
.2
.4
.1
.5
1.1
.5
.9
1.0
1.3
1.5
2
3
4
5
6
7
7.1
2.6
.7
.7
-2.3
.4
8.2
*
.7
.8
-2.7
-.2
12.4
.6
.6
1.3
1.0
-.9
9.4
-2. 1
.7
-1.2
.2
14.6
-.1
.7
-.7
2.7
-19.4
-.2
.7
—
-.8
-.4
19.3
1.3
•6
—
.5
-5.2
22.5
-1.2
.9
—
-7.8
15.4
7.2
-.8
.5
9.1
9.9
9.3
.2
.7
—
-4.6
-9.5
8
9
10
11
12
13
14
4.5
4.4
3.9
.6
.1
—
.5
9.2
9.8
9.6
.1
-.6
.5
9.8
8.5
8.4
.1
1.3
—
*
10.9
12.0
12.6
-.7
-1. 1
1.0
8.4
8.8
8.9
-.1
-.4
3.7
-20.4
-17.3
-15.5
-1.7
-3.2
—
1.8
21.9
21.3
22.4
-1.2
.7
—
.1
12.3
11.5
11.8
-.2
.8
—
3.0
-22.8
-19.9
-19.9
-2.9
—
11.3
22.2
22.5
21.4
1.1
-.3
—
.3
15
16
17
6.9
-2.3
1.3
7.8
-2.2
-1.2
12.2
1.3
.9
8.9
-5.0
1.5
13.4
.4
3.2
-19.9
-9.0
11.3
18.4
3.7
-7.3
21.5
11.8
-7.6
6.0
6.3
6.4
7.9
-20.3
21.4
18
19
20
21
22
9.0
-1.1
-.2
10.3
-1.1
10.9
1.2
.1
9.5
.3
10.2
.7
-.2
9.7
-.1
13.0
-1.3
*
14.3
-.5
10.3
1.7
-21.4
-31.4
-.3
10.2
-.7
21.7
7.3
.4
14. 1
.3
17.8
-3. 1
-.4
21.3
-.5
-5.1
-6.7
-.2
1.8
-1.7
6.7
9.4
17.0
-1.5
-2.7
.1
18.4
-.7
♦
8.6
-.5
—— —— —
♦
♦
1.7 Current surplus
1
22.5 Net acg. of financial assets
Gold and foreign exchange
1.6
Treasury currency
.7
—
SUB certificates
Federal Beserve float
.8
F.B. loans to doaestic banks
-10.0
2
3
4
5
6
7
Credit aarket instrunents
U.S. governnent securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Hiscellaneous assets
8
9
10
11
12
13
14
30.4
27.8
29.5
-1.6
2.6
-1.0
20.9 Net increase in liabilities
Henber bank reserves
22.0
-17.4
Vault cash of coal, banks
♦
Denand deposits and currency
Due to U.S. governaent
Due to foreign
Currency outside banks
Hiscellaneous liabilities
15
16
17
18
19
20
21
22
—— —
Connercial Banking (1)
1
2
7.6
9.8
8.9
1C. 7
10.0
12.4
14.3
14.9
13.2
14.7
15.2
15.2
14.2
14.6
14.3
15.2
3
4
108.2
.6
133.1
1.0
125.4
1.7
146.2
2.2
199.4
2.7
188.5
2.4
214.3
2.5
221.7
2.6
141.4
2.7
220.2
2.8
128.7 Net acg. of financial assets
Deaand deposits and currency
2.9
5
6
7
8
101.3
25.6
15.9
9.7
107.5
11.7
1.9
9.8
107.2
27.7
20.4
7.3
138.5
46.3
45.5
.7
185.7
1.3
2.5
-1.3
179.5
12.5
18.4
-5.9
219.3
15.6
22.1
-6.6
169.0
-24.8
-25.9
1.1
151.1
17.3
14.7
2.5
203.2
-2.9
-.7
-2.1
120.7
27.2
22.7
4.6
9
10
13.6
.6
5.0
4.7
1.9
3.9
3.9
12.5
4.7
11.2
1.9
7.3
8.1
1.4
2.0
22.2
6.2
19.0
2.8
-16.7
.7
Tax-exeapt Obligations
Corporate bonds
9
10
11
12
13
14
15
16
61.5
17.8
-6.2
47.3
1.8
.8
90.8
21.5
4.0
59.3
.8
5.3
72.9
14.6
6.7
51.2
.3
♦
84.5
28.7
22.7
32.0
-1.4
2. 4
167.2
44.6
46.0
70.6
.3
5.8
153.9
34.2
45.3
66.5
3.3
4.5
188.4
42.5
45.7
91.5
-5.5
14.1
190.4
49.0
65.0
79.2
9.1
-11.9
105.5
40.3
35.7
22.0
-.1
7.6
184.6
46.4
37.4
89.6
-2.2
13.4
109.5
40.4
63.1
5.4
-5.1
5.6
Total loans
Hortgages
Consuner credit
Eank loans n.e.c.
Cpen-narket paper
Security credit
11
12
13
14
15
16
17
*
-.1
♦
*
-.1
♦
♦
*
-.3
-
Corporate eguities
17
18
19
-1.0
7.3
-3.4
28.0
2.2
14.3
-3.6
9.0
3.6
7.4
2. 2
4.4
-3.7
-3.9
4.2
45.8
12.8
-25.3
1.1
13.0
4.6
.5
20
21
22
23
24
100.8
5.1
-2.6
.3
7.4
126.9
8.6
-1.1
-3.9
13.7
120.8
19.2
6.1
-3.4
16.5
138.4
15.9
-5.3
1.6
19.7
194.5
29.2
4.0
2.1
23.1
177.0
-14.0
-19.8
2.8
2.9
210.7
66.5
14.0
2.0
50.5
218.4
8.5
-12.1
-5.3
25.9
132.4
-11.3
23.3
2.8
-37.3
216.7
53.0
-9.0
8.8
53.2
25
44.8
40.3
97.0
130.0
74.6
80.7
-4.6
110.4
92.3
100.2
26.5
26
27
47.2
17.8
51.5
13.1
-8.8
10.7
-52.3
10.2
25.9
-2.5
27.9
6.6
40.5
27.4
49.2
-30.3
3.9
5.4
9.9
-12.5
45.2
-16.0
28
29
30
31
-28.5
-1.9
-3.4
-23.2
-12.4
-2.9
-2.4
-7.0
-14.3
.1
15.7
-30. 1
18.0
-1.0
-1. 1
20.1
31.6
2.0
19.1
10.5
60.0
-1.2
-13.6
74.8
59.6
-4.7
44.0
20.3
25.2
7.5
13. 1
4.6
30.4
19.1
-3.8
15.1
11.1
-14.1
23.2
2.0
45.2
-9.1
14.2
40.2
Net interbank claias
To Federal Reserve
To doaestic banks (2)
To foreign banks
28
29
30
31
32
33
34
35
.4
7.1
1.5
5.6
.5
8.2
1.2
7.0
.6
2.5
1. 1
1.4
.7
8.4
4.9
3.5
•8
14.5
8.2
6.3
•8
9. 1
5.7
3.4
•8
16.0
2.5
13.5
•8
32. 1
14.1
18.1
.8
-9.0
2.0
-11.0
.9
18.8
14.3
4.5
•9
15.9
10.5
5.4
Corporate eguity issues
Credit aarket debt
Corporate bonds
Open-aarket paper
32
33
34
35
36
37
-.5
7.4
-.4
17.4
-. 1
14. 1
-. 1
7.6
«
*
6. 0
*
4.4
*
22.5
*
19.9
♦
20.5
35.4
•1
18.7
Profit taxes payable
Hiscellaneous liabilities
36
37
♦
-
12.0
15.2-
12.4
14.0
38
-9.7
-7.9
-7.0
-8.4
-6.3
-11.4
-4.0
-4.2
-12.1
-5.1
39
100.6
102.3
107.2
136. 1
179.9
175.0
205.2
180.9
143.6
190.1
13.4 Current surplus
14.8 Plant and eguipaent
Total bank credit
U.S. govt, securities
Treasury issues
Agency issues
Vault cash * aea. bank res.
Hiscellaneous assets
125.8 Net increase in liabilities
-10.7
Checkable deposits
10.6
U.S. governnent
12.5
Foreign
Private donestic
-33.8
Saall tiae and savings dep.
-4.4 Discrepancy
115.1 Heao:
Credit nkt. funds adv.
(2) Floats and discrepancies in interbank deposits and loans.
1/85 BASED ON INCOHPLETE INFORHATION.
3
4
5
6
7
8
18
19
20
21
22
23
24
25
Large tiae deposits
26
Fed. funds and security BP's 27
(1) Consists of U.S.-chartered coaaercial banks, their donestic affiliates.
Edge Act corporations, agencies and branches of foreign banks, and banks
in U.S. possessions. Edge Act corporations and offices of foreign banks
appear together in these tables as "foreign banking offices."
BILLIONS OF DOLLARS.
1
2
38
39
JUNE 10, 1985
Coaaercial Banking Subsectors
Coaaercial Banking Subsectors
18
Subsector Stateaents for Coaponent Groups in Coaaercial Banking
UNADJUSTED NET FLOHS (I HILL)
UNADJUSTED NET FLOHS(J HILL)
|
I
1983 )
IV 1
|
IV |
1984
I
II
III
1985
I
1975
BILLIONS OF DOLLIES
1976
1977
1978
1979
U.S.-Chartered Coaaercial Banks
1 Current surplus
2 Plant and eguipaent
3 Net acg. of financial assets
4
Total bank credit
U.S. governaent securities
5
Treasury issues
6
Agency issues
7
8
9
10
11
12
13
14
15
16
17
Tax-exeapt Obligations
Corporate bonds
Total loans
Hortgages
Consumer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
Vault cash ♦ aea. tank res.
Hiscellaneous assets
18 Net increase in liabilities
19
Checkable deposits
20
U.S. government
Foreign
21
22
Private doaestic
3,439
3,795
4,380
3,643
3,461
3,803
2,714
3,791
2,676
3,505
4,312
3,711
4.3
2.3
4.5
4.1
5.3
6.7
6.7
9. 3
7.9
10.7
1
2
56,591
57,549
4,140
5,757
-1,617
32,527
36,912
7,451
8,836
-1,385
47,468
46,239
-7,213
-7,335
122
36,384
34,674
152
-548
700
61,013
59,435
918
1,559
-641
14,282
14,537
12,000
10,479
1,521
29.0
30.7
30. 1
28.4
1.6
59.6
61.3
19.6
18. 1
1.5
91.0
83.7
-1.3
-2.2
.9
119.5
106.7
.1
-6.7
6.8
111.5
107.8
7.4
-.2
7.6
3
4
5
6
7
5,522
377
-591
1,993
-267
-52
5,429
821
8,042
446
-6,757
396
1.6
1.8
2.6
-.6
9.2
-.3
9.4
-.6
9.7
-.3
8
9
47,510
8,569
12,990
21,976
-1
3,976
28,059
8,946
6,087
14,781
-773
-982
53,771
12,516
16,229
24,185
1,586
-745
28,272
11,219
12,548
2,224
1,718
563
50,029
11,521
11,102
22,825
-1,261
5,842
8,898
8,373
9,116
-5,165
-357
-3,069
-2.8
3.7
3. 1
-12.8
1. 1
2.2
39.8
15.1
12.0
3.2
3.2
6.2
76.1
27.3
22.3
24.6
.2
1.8
97.8
35.3
26.2
41.6
-2.3
-3.0
91.0
30.6
19.9
39.9
1.6
-.8
10
11
12
13
14
15
4,335
-5,293
-2,942
-1,443
-1,175
2,404
3,632
-1,922
4,100
-2,522
-778
523
.8
-2.5
-1.0
-.6
3.5
3. 7
5.9
7.0
54,780
13,360
-11,315
677
23,998
30,772
-5,877
1,519
-324
-7,072
46,706 33,824
2,371
2,560
-1,000 12,678
121
92
3,468 -10,428
61,259 12,556
31,174 -25,531
-9,172
881
3,026
2,996
37,320 -29,408
27.1
7.0
-1.7
-.5
9.2
57.9
11.0
-. 1
1.7
9.4
86.3
21.5
4.3
1.7
15.5
114. 1
22.9
6.8
24,151
13,313
18,806
12,486
29,978
23,040
39.9
54.6
28.2
13.2
29.5 23
7, 154
3,062
2,521
6,258
17,347
-9,666
11,164
1,999
2,869
-1,110
-4,786
-4,777
-13.3
3.5
-15.6
13.6
23.8
9.0
42. 1
19.5
10.2 24
15.6 25
♦
16.2
1.6 16
2.1 17
104.9
25.6
.4
3.4
21.8
18
19
20
21
22
23
Saall tiae*savings deposits
24
25
Large tiae deposits
Fed. funds and security RP’s
26
27
28
29
30
Net interbank liabilities
Federal Beserve float
Borroving at f.R. banks
To doaestic banks
To foreign banks
12,544
1,623
-707
-1,285
12,913
12,565
-776
-22
9,682
3,681
12,638
-1,442
3,864
4,822
5,394
4,063
944
1,873
94
1,152
-6,825
566
-3,056
-1,944
-2,391
16,959
-557
-995
6,524
11,987
-10.9
1.7
-.1
-4.2
-8.3
-9.8
-1. 1
-.2
.3
-8.7
-2.8
1.2
.2
-2.7
-1.5
2.5
2.7
.9
-3.5
2.3
13.0
.3
.3
-4.0
16.5
26
27
28
29
30
31
32
33
34
Corporate eguities
Corporate bonds
Profit taxes payable
Hiscellaneous liabilities
188
-289
-14
-5,376
195
-211
2,008
202
2,226
-3
2,596
209
-720
4
2,248
216
2,26 4
4
2,689
223
1,200
15
6,213
1.0
.2
-.3
.1
1.6
.7
1.7
.6
•6
.2
5.4
1. 1
.2
.1
12.4
1.3
.2
.5
9.1
31
32
33
34
-2,167
-1,018
-1,104
-3,637
-583
-1,125
.1
-1.4
-6. 1
-8.0
-9.4 35
53,573
37,894
46,984
34,111
53,593
17,606
28.5
55. 1
81.9
109.6
108.6 36
«
35 Discrepancy
36 Heno:
Credit akt. funds adv.
Doaestic Affiliates of Coaaercial Banks
1 Net acg. of financial assets
Inv. in finance co. subs.
2
3
Bank loans n.e.c.
4 Net increase in liabilities
5
Net interbank claias
6
Credit narket debt
7
Corporate bonds
8
Coaaercial paper
9
Hiscellaneous liabilities
1,269
1,206
63
846
811
35
5,168
4,954
214
-1,598
-1,832
234
5,080
4,725
355
-2,020
-2,442
422
2.9
3.4
-.5
6. 1
6.4
-.3
-.5
.6
1.7
2.7
-1.0
5.4
5.5
-. 1
1
2
3
1,269
-1,739
2,556
1,708
848
452
846
-3,441
4,212
835
3,377
75
5,168
-1,894
5,811
1,291
4,520
1,251
-1,598
-24
-1,537
1,220
-2,757
-37
5,080
1,263
2,440
1,306
1,134
1,377
-2,020
-2,791
2,770
1,413
1,357
-1,999
2.9
2.0
.6
.3
.3
.2
6. 1
-.3
5.4
6.2
-.8
.9
*
-1.6
2.0
.7
1.3
-.3
1.7
-3.0
7.2
.5
6.7
-2. 4
5.4
-1.4
6.5
1.9
4.5
.3
4
5
6
7
8
9
5.7
4.9
-. 1
21.8
19.6
.5
-. 1
. 1
18. 1
1.0
16.5
14.5
.5
.1
. 1
13.2
.6
1
2
3
4
5
6
7
Foreign Banking offices in O.S,
3,288
385
387
-82
157
-276
199
133
686
—252
-12
88
774
88
6,193
68
-119
-50
635
-808
410
-1,289
904
85
65
746
1,394
-1,386
3,504
4,173
-34 3
-94
296
4,357
-43
-605
-2,166
-1,114
—2
-224
-926
100
1.6
1. 1
-.2
*
1.2
*
5.3
4. 4
.5
4
-. 1
3.5
.5
Corporate eguities
Security credit
Hiscellaneous assets
-6
592
2,317
2
51
-606
-406
6,531
—4
225
-2,414
-71
1,246
-1,844
-300
1,861
*
-. 1
.6
4
4
4
.4
.4
.5
.3
.1
2.0
4
8
4
9
2. 1 10
11 Net increase in liabilities
12
Deaand deposits
Tiae deposits
13
3,288
501
3,860
133
-93
-7,698
6,193
190
1,127
-1,289
-759
-4,567
3,504
-372
3,092
-605
501
-1,473
1.6
.6
3.4
5.3
2.4
.4
5.7
3.0
2.2
21.8
2. 5
6.4
16.5 11
.8 12
3.6 13
-2,832
790
-3,622
8,674
3,405
5,269
1,926
1,099
827
1,991
138
1,853
631
-1,980
2,611
-82
-328
246
-3.0
-1.4
-1.6
2.2
3.0
-.9
-.2
.9
-1.1
10.6
3.4
7.3
9.5 14
5.8 15
3.7 16
1,759
-750
2,950
2,046
153
449
.7
.3
.7
2.3
1 Net acg. of financial assets
Credit aarket instruaents
2
3
U.S. government securities
4
Tax-exeapt Obligations
5
Corporate bonds
6
Bank loans n.e.c.
Cpen-aarket paper
7
8
9
10
14
15
16
Net interbank liabilities
To foreign banks
To donestic banks
17
Hiscellaneous liabilities
__________________ ____—-,________ ___ ___ __
_______________
Banks in U.S. Possessions
4
.2
4.7
.1
•MM-—,_______
2.7 17
_ r—r-.-.__
1 Net acg. of financial assets
2
Demand deposits and currency
930
595
953
625
974
651
997
681
1,019
708
1,041
737
1.1
.1
•4
-.2
.8
.5
.6
.3
1. 1
.7
1
2
Credit aarket instruaents
U.S. government securities
Tax-exeapt Obligations
Corporate bonds
Uoae mortgages
Commercial aortgages
Hiscellaneous assets
71
119
-2
-56
84
-74
264
108
134
-8
-68
86
-36
220
129
147
-21
-86
88
1
194
226
160
-10
-24
90
10
90
228
174
-22
-49
92
33
83
291
187
-16
-5
94
31
13
.4
.1
.1
.3
.2
-. 1
4
•2
-. 1
.3
•2
• 1
-.3
.1
4
4
.2
•6
.6
. 1
•4
. 1
•1
-. 1
-. 1
3
4
5
6
7
8
9
930
953
974
997
1,019
1,041
1.1
•4
.8
•6
3
4
5
6
7
8
9
0 Net increase in deposit liab.
1/85 BASED ON INCOHPLETE INFORHATION,
4
4
4
.1
-.2
. 1
• 1
4
•4
1. 1 10
JUNE 10, 1985
Coaaercial Banking Subsectors
Coaaercial Banking Subsectors
Subsector Stateaents for Coaponent Groups in Connercial Banking
SEASONALLY ADJUSTED ANNUAL BATES
1981
1980
1982
i9
SEASOIALLT ADJUSTED ANNUAL BATES
1983
1984
|
|
1983 |
IV |
1984
I
II
U.S.-Chartered Coaaercial Banks
|
IV |
Ill
1985
1
a———
1
2
7.6
9.8
8.9
10.7
10.0
12.4
14.3
14.9
13.2
14.7
15.2
15.2
14.2
14.6
14.3
15.2
12.0
15.2
12.4
14.0
3
4
5
6
7
84.2
84.2
25.0
15.3
9.7
106.3
100.3
11.4
1.8
9.6
112. 1
106.7
26.7
19.4
7.3
133.7
136.6
44.2
43.5
.7
177.4
177.3
1.3
2.5
-1.2
167.2
175.7
10.5
16.5
-6.0
203.3
212.5
16.0
22.4
-6.4
163.9
160.6
-24.9
-26.0
1.2
160.5
156.4
16.3
14.4
1.9
181.8
179.5
-2.2
-.7
-1.5
8
9
13.2
.5
5.7
*
4.6
1.7
3.8
3.6
12.6
3.2
11.5
1.5
7.4
8.0
1.7
-.2
22.0
3.3
19.5
1.8
-16.6
1.6
Tax-exeapt Obligations
Corporate bonds
10
11
12
13
14
15
45.6
17.7
-6.2
31.9
1.0
1.2
83.2
21.4
4.0
53.4
-.2
4.7
73.7
14.5
6.7
51.0
1.0
.5
85.0
28.6
22.7
33.2
-1.5
2.0
160.1
44.2
46.0
64.0
1.3
4.7
152.2
34.2
45.3
67.2
2. 5
3. 0
181.2
42.3
45.7
86.8
-5.8
12.1
184.0
48.7
65.0
73.0
7.5
-10. 1
114.9
39.9
35.7
26.5
5.5
7.3
160.5
45.9
37.4
69.7
-2.1
9.5
108.3
39.9
63. 1
5.9
-5.5
4.8
Total loans
Bortgages
Consuaer credit
Eank loans n.e.c.
Cpen-aarket paper
Security credit
16
17
-1.0
.9
-3.4
9.4
2.2
3.2
-3.6
.7
3.6
-3.5
2.2
-10.7
-3.7
-5.6
4.2
-.9
12.8
-8.6
1.1
1.2
4.6
2.7
18
19
20
21
22
76.7
10.7
-2.6
-.2
13.4
100.1
14.8
-1.1
-3.0
18.9
107.5
20.9
6.1
-2.2
17.1
125.9
15.6
-5.3
1.4
19.5
172.6
30.2
4.0
2.9
23.3
155.7
-18.6
-19.8
•8
.3
199.7
66.8
14.0
-.5
53.3
160.6
13.6
-12.1
-1.3
27. 1
151.6
-10.8
23.3
3.0
-37.0
178.3
51.3
-9.0
10.5
49.8
23
44.8
40.3
97.0
130.0
74.6
80.7
-4.6
110.4
92.3
100.2
26.5
24
25
39.3
17.8
43.9
13.1
2.3
10.7
-38.7
10.2
33.9
-2. 5
12.5
6. 6
71.3
27.4
44.7
-30.3
22.1
5.4
-2.5
-12.5
51.0
-16.0
24
Large tiae deposits
Fed. funds and security BP's 25
26
27
28
29
30
-36.7
-2.3
•4
-12.4
-22.3
-18.8
-2.7
-.2
-9.7
-6.2
-27.6
1.0
-.9
-9.5
-18.2
7.6
-1.2
•2
-1.0
9.6
22.4
-.7
2.7
12.7
7.8
78.8
-.8
-.4
24.0
56. 0
37.5
.5
-5.2
25.2
17.0
15.0
-7.8
15.4
-1.6
9.0
34.0
9.1
9.9
1.5
13.4
3.3
-4.6
-9.5
25.5
-8.1
55.3
.8
-10.0
11.1
53.3
Met interbank liabilities
Federal Beserve float
Borrowing at F.B. banks
To doaestic banks
To foreign banks
26
27
28
29
30
31
32
33
34
.4
.2
-.5
.8
.5
-. 1
-.4
6.7
•6
.6
-. 1
3.1
.7
-.2
-. 1
.9
•8
3.6
•8
-1.2
-3.7
•8
8.9
*
-2.4
•8
-2.9
9.5
.8
-.8
*
1.4
.9
9.1
*
28.6
.9
4.8
.1
18.2
Corporate eguities
Corporate bonds
Profit taxes payable
Hiscellaneous liabilities
31
32
33
34
35
-9.7
-7.9
-7.0
-8.4
-6.3
-11.4
-4.0
-4.2
-12.1
-5.1
36
83.1
95.6
106.2
134.6
172.6
172.7
200.5
170.7
149.1
170.0
♦
♦
♦
10.5
13.4 Current surplus
14.8 Plant and eguipaent
131.5 Met acg. of financial assets
Total bank credit
124.2
O.S. governaent securities
31.0
26.4
Treasury issues
4.6
Agency issues
Vault cash * aea. bank res.
Biscellaneous assets
128.6 Net increase in liabilities
Checkable deposits
-12.2
U.S. governaent
10.6
11.7
Foreign
-34.5
Private doaestic
Saall tiae+savings deposits
-4.4 Discrepancy
119.4 Heao:
Credit akt. funds adv.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
35
36
Doaestic Affiliates of Coaaercial Banks
1
2
3
4.3
4.4
-.1
8.0
7.9
.1
7.9
7.8
.1
4.3
4.5
-• 2
9.5
8.7
•8
5. 1
4.8
.3
3.4
3.2
.1
20.7
19.8
.9
-6.4
-7.3
.9
20.3
18.9
1.4
4
5
6
7
8
9
4.3
-2.7
6.9
1.4
5.6
.1
8.0
-1.4
8.3
1.3
7.0
1. 1
7.9
2.1
1.9
.5
1.4
3.9
4.3
-5.4
8.6
5.2
3.5
1. 1
9.5
-4. 1
10.9
4.7
6.3
2.7
5. 1
-7.0
10.2
6.8
3.4
1.8
3.4
-13.8
16.8
3.3
13.5
.3
20.7
-7.6
23.2
5.2
18. 1
5.0
-6.4
-. 1
-6.1
4.9
-11.0
-.1
20.3
5.1
9.8
5.2
4.5
5.5
__ ___ _______ _______ _ ___ _____ ______
______________________ ———___________
Foreign Banking Offices in U.S.
1
2
3
4
5
6
7
18. 1
17.0
.5
.2
*
15.5
.8
16. 1
7.7
.6
-.1
.3
5.8
1.0
2.3
.3
.8
-. 1
.1
•2
-.7
4.6
1.2
1. 7
-. 1
.4
-.9
.2
8.5
5.8
-.6
-. 1
1.8
5.7
-.9
12.4
1.7
1.5
-.3
.6
-1.0
.8
3.8
4.2
-1.0
8
9
10
*
-.4
1.5
-. 1
•6
7.9
*
-.5
2.4
*
.5
2.9
-. 1
1.1
1.7
11
12
13
18.1
-5.6
7.9
16. 1
-6.1
7.6
2.3
-1.7
-11.1
4.6
.3
-13.6
14
15
1b
10.9
-.8
11.7
7.9
-.8
8.6
11.1
-11.9
23.0
17
4.9
6.8
3.9
-8.1 Net acg. of financial assets
Inv. in finance co. subs.
-S.8
1.7
Bank loans n.e.c.
-8. 1 Net increase in liabilities
Net interbank claias
-11.2
Credit aarket debt
11.1
5.7
Corporate bonds
5.4
Coaaercial paper
Hiscellaneous liabilities
-8.0
1
2
3
4
5
6
7
8
9
___ __ ___
.4
4.5
.4
33.2
8.8
-.5
-.2
2.5
5.3
1.6
-16.8
-7.4
.3
.3
3.0
-5.4
-5.5
14.0
17.7
-1.4
-.4
1.2
18.5
-.2
*
1.5
9.3
*
2.0
-2.4
-1.8
26.1
*
.3
-9.7
-.3
3.9
-7.4
8.5
-1.0
-8.0
12.4
4.6
15.4
3.8
-.3
-30.8
33.2
-5. 1
4.5
-16.8
—.4
-18.3
14.0
1.7
12.4
15.9
10.5
5.4
13.2
2.7
10.6
-11.8
18. 8
-30.6
35.9
3.3
32.5
17.8
-4.5
22.3
-3.6
1.7
-5.3
2.8
10.1
-7.3
2.0
4.4
4.2
-1.0
16.0
5.5
-2.8
1.1 Net acg. of financial assets
-7.1
Credit aarket instruaents
U.S. governaent securities
-4.5
*
Tax-exeapt Obligations
-.9
Corporate bonds
—2.2
Bank loans n.e.c.
Open-aarket paper
.4
•8
7.4
Corporate eguities
Security credit
Hiscellaneous assets
1
2
3
4
5
6
7
8
9
10
1.1 Net increase in liabilities
Deaand deposits
1.5
Tiae deposits
-5.9
11
12
13
1. 1
-13.1
14.2
Net interbank liabilities
To foreign banks
To doaestic banks
14
15
16
4.3
Hiscellaneous liabilities
17
Banks in U.S. Possessions
1
2
1.6
.6
2.7
1.0
3.2
1.7
3.6
2.2
3.9
2.7
3.7
2.4
3.8
2.5
3.9
2.6
4.0
2.7
4.1
2.8
4.2 Net acg. of financial assets
Deaand deposits and currency
2.9
1
2
3
4
5
6
7
8
9
.5
.1
.3
.2
-. 1
.5
-1. 1
-.3
-.7
-.3
.3
-.2
2.9
.6
•2
.2
.1
.3
-.2
.9
.5
.4
. 1
-. 1
.3
-.3
.9
.7
.6
-. 1
-.2
.4
*
.6
.3
.5
*
-.2
.3
-.3
1. 1
.4
.5
*
-.3
.3
-.1
.9
.5
.6
-. 1
-.3
.4
*
•8
.9
.6
*
-.1
.4
0
.4
.9
.7
-.1
-.2
.4
. 1
•3
1.2
.7
-.1
*
.4
•1
.1
Credit aarket instruaents
U.S. governaent securities
Tax-exeapt Obligations
Corporate bonds
Hoae aortgages
Coaaercial aortgages
Miscellaneous assets
3
4
5
6
7
8
9
10
1.6
2.7
3.2
3.6
3.9
3. 7
3.8
3.9
4.0
4.1
4.2 Net increase in deposit liab.
♦
BILLIONS OF DOLLABS.
1/85 BASED ON INCOHPLETE INFOBHATION.
10
JUNE 10, 1985
Nontank Finance Suaaary
Nonbank Finance Suaaary
20
Private Nonbank Financial Institutions
UNADJUSTED NET FLONS ($ BILL)
UNADJUSTED NET FLONS ($ BILL)
1
1
1983 |
IV 1
1984
I
II
III
|
IV 1
1985
I
1975
BILLIONS OF DCLLAES
1976
1977
1978
1979
Private Nonbank Financial Institutions - Total
1 Current surplus
851
2,041
1,127
1,968
2.5
5.3
5.8
3.6
9.9
2.2
13. 1
2.2
11.0
3.0
1
2
3 Net acg. of financial assets
108,326 104,822 108,198 95,341 142,252
4
Deaand deposits and currency
4,765 -1,599
3,916
509
1,696
5
Tiae and savings deposits
492
-667
4,914
6,407 -15,291
6
5,217
Security BP’s
-128 10,068
5,245
2,039
7
Foreign deposits
2,021
1,876
680 -2,451
-803
9C,951
-323
-917
-2,050
-256
123.8
.5
3.4
-1.0
-
160.5
1. 1
-.9
1.6
-
196. 1
1.0
3. 1
3.0
*
215.7
3.5
6.5
1.8
.5
241.5
3.9
9.5
5.5
4.6
3
4
5
6
7
8,401 10,229
86,625 107,139
29,263 39,858
2,841
4,410
10,720 14,860
25,746 15,456
12,836 11,680
5,219 20,875
9,096
8C,863
27,599
13,015
£,930
12,128
7,133
12,058
10.6
103,0
28.8
6.0
28.0
27.0
5.0
8.3
12.9
135.6
28.0
9.3
30.2
46.0
10.3
11.7
7.8
175. 1
22.9
13.5
34.5
66.5
16. 1
21.6
4.6
187.3
20.3
15.2
37.4
67.9
19.4
27.1
12.9
190.8
30.6
10.9
27.8
62.2
22.2
37.2
8
9
10
11
12
13
14
15
-617
510
15,587
1,421
514
2,603
1.0
•6
5.6
4.6
1.2
4.5
1.0
1.3
3.8
1.6
1.5
8.5
97,370 142,285
26,050 36,263
5,129 26,978
5,461
752
29,051 34,341
9,243
9,462
91,753
24,228
-3,030
-1,824
36,363
24,002
126.5
59.4
1.3
.1
51. 1
-.5
155.7
69.2
a
-. 1
55.3
-1.8
187.6
69.7
.2
1.9
65. 1
2.8
204.5
59. 1
6.9
2.1
79.5
1.3
27.9 25
5.7 26
♦ 27
-. 5 28
13.4 29
9.2 30
2 Physical investment
8
9
10
11
12
13
14
15
Corporate eguities
Credit aarket instruments
O.S. governaent securities
Tax-exeapt Obligations
Corporate ♦ foreign bends
Hortgages
Consumer credit
Other loans
16
17
18
Security credit
Trade credit
Hiscellaneous assets
-342
1.213
-1,301
1,505
1,166
1,475
8,001
79,246
30,732
2,300
5,591
23,143
8,729
8,751
5,905
84,041
30,967
4,987
2,834
18,295
2,712
24,246
-2,600
87,091
14,165
933
7,225
35,437
11,358
17,973
6,486
468
6,955
-486
500
5,184
1,852
500
9,796
19 Net increase in liabilities
107,274 103,970 107,151
20
Tiae and savings deposits
29,647 38,782 31,229
Honey market fund shares
-457 11,228
3,854
21
22
Security RP’s (s+1)
5,783
3,238
9,360
23
Insurance * pension reserves 35,366 24,731 26,598
24
Corporate eguity issues (1)
8,858 14,192
6,802
1,445
1,622
-1,216
506
9,910
1. 1 16
1.9 17
11.2 18
231.6
46.9
34.4
.5
86. 8
1.9
19
20
21
22
23
24
25
26
27
28
29
30
Credit aarket instruaents
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Eank loans
11,774
3,731
7
2,212
4,733
1,091
3,460
313
7
-1,582
6,067
-1,345
10,960
3,515
8
780
-1,594
8,251
15,033
1,786
6
271
5,822
7,146
12,833
4,984
9
1,489
4,735
1,616
8,571
469
9
-1,064
9,087
70
-3.8
2.8
.4
-3.7
.7
-4.0
.7
3.0
•4
-3.7
3. 0
-2.0
21.3
8.9
-.3
8.4
4.3
29.7
6.8
.1
2.3
7.9
12.5
31
32
33
Security credit
Profit taxes payable
Hiscellaneous liabilities
5,484
29
10,790
-741
-21
9,101
522
-3b
17,862
1,867
-49
5,585
9,752
-59
11,963
-3,010
-76
6,529
2.9
.1
15.9
7.9
.5
24.0
.9
.7
24.9
V
.8
25. 1
1. 1 31
-. 2 32
32.4 33
-2,607
-3,658
-1,356
1,852
-1,157
-39
-. 1
-2.6
-.8
-.3
-1.9 34
34 Discrepancy
♦
(D Includes nutual fund shares.
Savings Institutions Conbined
1 Current surplus
-170
-50
109
128
191
259
2.0
2.9
3.8
5.0
4.3
1
40,153
752
359
-360
44,278
161
-989
4,171
54,463
595
-1,272
564
41,067
70
-6,152
1,522
42,281
1,139
1,089
2,905
22,855
875
1,948
-3,413
58. 1
.3
5.0
-1. 1
72. 1
.2
-1.5
1.6
84. 9
*
1.0
2.9
81.3
1.1
.2
1.7
66.5
.5
-.8
3.4
2
3
4
5
106
33,606
7,908
-57
348
110
37,574
17,611
-202
-238
-26
46,399
5,805
-128
-848
-77
37,512
6,227
-60
-48
-163
23,650
810
59
-336
104
23,134
4,641
15
284
.2
50.9
9.7
1.6
3.5
.1
68.4
10.2
.6
2.8
•4
78.5
7.0
.4
1.2
.1
72.3
5.4
.6
.1
-. 1 6
56. 5 7
2. 1 8
-.5 9
-1. 1 10
17,640
12,653
1,306
3,680
1
16,029
11,953
1,497
2,578
1
30,457
21,235
2,874
6,348
-
24,850
16,747
2,272
5,830
1
13,637
8,542
1,185
3,910
-
10,379
6,928
1,074
2,377
-
30.2
22.3
2.6
5.3
*
47.6
38.8
3.3
5.6
*
61.9
52.0
4.9
4.9
*
57.9
49.9
4.4
3.5
48. 2
42.7
2. 1
3.4
Consumer install, credit
Consuaer noninstall.credit
Cpen-aarket paper
Hiscellaneous assets
4,365
750
2,652
5,690
3,872
500
2
3,251
6,117
1,005
3,991
8,203
6,818
1,300
-1,575
8,192
6,634
1,156
1,690
13,661
5,428
497
1,890
207
4.4
.4
1.0
2.7
6.6
.3
.3
3.3
8. 1
.3
-.3
2.2
7.3
.5
.6
5.9
3.6
2.4
1.8
7.0
20 Net increase in liabilities
Deposits
21
22
Security BP’s
23
Cr. akt. instr. (svgs.+loan)
24
Profit taxes payable
25
Hiscellaneous liabilities
39,854
29,647
5.783
1,590
-13
2,847
44,511
38,782
3,238
940
-12
1,563
54,781
31,229
9,360
8,331
-14
5,875
41,211
26,050
5,461
8,110
-16
1,606
42,373
36,263
752
5,274
-25
109
22,658
24,228
-1,824
-2,773
-20
3,047
56.0
59.4
.1
-4.2
.1
.6
68.9
69.2
-. 1
-1.7
.2
1.2
80.3
69.7
1.9
6.9
•2
1.6
76.0
59. 1
2. 1
13.5
.2
1.0
62. 0
46. 9
.5
12.6
-.2
2.3
-469
183
427
272
283
62
*
-.4
-.8
-.3
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tiae deposits
5
Security BP’s
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Corporate eguities
Credit market instruments
U.S. govt, securities
Tax-exempt Obligations
Corporate bonds
Hortgages
Hoae aortgages
Hulti-family
Commercial
Fara
26 Discrepancy
1/85 BASED ON INCOHPLETE INFOBHATION,
«
11
12
13
14
» 15
16
17
18
19
20
21
22
23
24
25
-.2 26
JUNE 10, 1985
Nonbank Finance Suaaary
Nonbank Finance Suaaary
21
Private Nonbank Financial institutions
SEASCNALLI ADJUSTED ANNUAL BATES
SEASCNALLI ADJUSTED ANNUAL BATES
1980
1981
1982
1983
1984
I
1
1983 |
IV 1
1984
III
II
I
IV |
Private Nonbank Financial Institutions - Total
—————————
———————
————————— ——
I
———
7.4 Current surplus
7.9 Physical investaent
1
2
1
2
9.2
3.9
-.4
5.3
.1
4.9
3.9
4.3
2.2
6.6
-.3
4.9
-2.6
6.0
2.6
5.9
4.0
6.5
4.6
8.2
3
4
5
6
7
248.8
3.6
17.9
3.2
1.7
313.8
3.2
23.2
14.7
12.1
284.7
7.7
5.4
6.1
4.9
338.8
6.2
-12.5
11.8
-1.8
450.6
4.5
-4.6
22.6
-.7
406.2
14.3
2.8
2. 1
8. 1
431.8
-1.1
-11.9
37.0
7.5
420.1
14.9
20.7
8.7
-3.2
409.7
2.3
-47.5
21.3
2.7
540. 8
2. 0
20.2
23.2
-9.8
376.8 Net acg. of financial assets
Deaand deposits and currency
4.2
-13.7
Tiae and savings deposits
-11.3
Security BP's
Foreign deposits
-1.0
3
4
5
6
7
8
9
10
11
12
13
14
15
24.9
181.0
56.9
9.7
31.6
43.8
11.6
27.4
20.2
221. 1
74.9
7.3
26.0
28.9
17.3
66.7
39.2
178.4
142.8
14.6
20.6
-19. 1
11.8
7.5
57.5
240.6
91.9
9.9
25.7
62.9
21.5
28.6
21.9
364.9
114.3
13.2
35.6
94.9
38.6
68.3
24.3
307. 1
120.0
9. 1
18.6
100.8
25.6
33.0
29.9
340,8
110.3
20.2
18.0
73.5
24.7
94.0
-14.8
343.2
62.9
3.3
20.8
139.0
44.0
73.2
39.6
356.3
128.0
11.6
48.5
95.0
48.6
24.7
33.1
419.2
155.9
17.5
55.2
72.1
37.1
81.4
42.5
327.5
95.7
52.3
43.0
46.2
45.1
45. 1
Corporate eguities
Credit aarket instruaents
U.S. governaent securities
Tax-exeapt Obligations
Corporate * foreign bonds
Hortgages
Consuner credit
Other loans
8
9
10
11
12
13
14
15
16
17
18
6.5
2.0
8.0
-2.3
2.6
19.0
3.2
2.1
37.9
18.2
2.0
16.9
-.5
2.0
40.5
25.9
2.0
19.5
-1.9
2.0
29.5
7.4
2.0
41.3
-4.9
2.0
37.9
-2.5
2.0
53.3
5.7
2.1
20.8
Security credit
Trade credit
Biscellaneous assets
16
17
18
19
20
21
22
23
24
245.3
57.6
29.2
2.1
107.4
6.9
317.2
26.1
107.5
3.0
107.1
6.6
291.3
63.4
24.7
-1.2
138.2
21.8
338.5
132. 1
-44. 1
13.9
139.8
34.8
450.8
132.3
47.2
18.8
114.7
39.7
405.5
112.0
-1.8
23. 1
142.7
35.6
430.6
133.0
44.9
13.0
95.3
53.0
406.8
137.5
15.4
37.4
106. 1
29.3
420.8
121.4
20.5
21.8
118.6
38.2
545.0
137.4
107.9
3.0
139.0
38.3
382.5 Net increase in liabilities
72.2
Tiae and savings deposits
Boney aarket fuad shares
-12.1
-7.3
Security BP's (s+1)
Insurance ♦ pension reserves
141.2
91.9
Corporate eguity issues (1)
19
20
21
22
23
24
25
26
27
28
29
30
11.0
5.6
-.1
-.9
-.8
7. 1
28.5
-2.0
-.5
.9
13.9
16.2
1.6
1.4
. 1
1.9
-2.6
.8
14.5
12. 1
35.4
13.2
*
1.7
19. 1
1.3
36.7
4.2
23.7
13. 1
-4.4
31.3
5.5
4.7
-20.0
25.9
68.2
7.2
*
4.7
28.8
27.6
40. 5
17.8
-.2
9.5
-7.0
42.3
10.6
*
1.0
15.0
15.7
31
32
33
6.0
-.8
25.9
2.5
-1.2
37.1
3.2
.1
39.5
4.7
.1
42.8
11.4
-.2
44.5
8.2
. 1
50.2
14.9
-.1
39.9
-5.2
-.1
62.7
34
1.8
-2.2
1.8
-.8
-4.3
-5.8
-9.8
-16.7
♦
♦
♦
-1. 1
20.0
3.7
59.0
5.4
*
-2.6
45.0
11. 1
Credit aarket instruaents
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Boae Loan Eank loans
25
26
27
28
29
30
11.9
-.2
20.4
24.1
-.3
55.1
7.0
-.3
30.9
Security credit
Profit taxes payable
Biscellaaeous liabilities
31
32
33
8.6
•6
♦
5.2 Discrepancy
34
(1) Includes autual fund shares.
Savings Institutions Coabined
1
1.2
-6.4
-4.0
*
•4
-.7
-.2
.4
.5
.8
1.0 Current surplus
78.8 Net acg. of financial assets
Deaand deposits and currency
1.9
Tiae deposits
-2.2
-16.7
Security BP’s
2
3
4
5
69.2
1.7
8.5
-.1
43.7
2.3
-.9
5.7
73.0
2.1
9.7
.4
155.8
2.8
-. 1
5.4
182.1
2.0
-7.3
9.2
162.0
2.7
2.3
1.2
166.5
-.8
-13.2
13.4
214.3
3.7
-10.0
2.8
177.0
.7
-11.0
6.5
170.5
4.3
4.9
13.9
6
7
8
9
10
-.5
54.5
21.4
-.5
.7
-.6
27.8
5.2
-1.0
-.5
31.3
48.0
-.3
-1. 1
.3
136.8
64.4
-.2
3.0
-.2
145. 1
30.5
-.3
-1.5
•4
140.9
27.7
-.2
1. 4
.4
144.8
64.0
-.8
-1.0
-.1
183. 1
23.0
-.5
-3.4
-.3
150. 1
36.2
-.2
-.2
-.7
102.5
-1.4
.2
-1.3
•4
84.1
11.6
.1
1.1
11
12
13
14
15
29.4
27.7
.1
1.6
*
18.2
16.8
-.5
2.0
-
-25.7
-31.8
1.3
4.7
*
49.6
29.8
4.6
15. 1
-
85.0
58.5
7.8
18.7
♦
80.7
59.2
5.2
16.3
*
64.9
47.4
6.0
11.5
*
117.4
82.5
11.5
23.5
-
90.8
59.8
9. 1
21.9
*
66.7
44.2
4.7
17.8
-
40. 1
25.2
4.3
10.6
-
16
17
18
19
.3
1.4
1.8
5.0
4.5
-1.8
2.6
9.4
5.4
1. 1
3.9
30.0
13.3
2.1
4.7
10.7
23.4
4.0
4.1
33.3
18.3
3.0
10.1
14. 5
16.6
2.0
-1.0
21.8
24.9
4.0
17.6
34.9
24.6
5.2
-6.2
31.0
27.6
4.6
6. 1
45.6
22.7
2.0
6.6
11.3
20
21
22
23
24
25
68.5
57.6
2. 1
7.4
-.3
1.7
49.4
26.1
3.0
15.5
-.3
5.1
77.5
63.4
-1.2
2.5
*
12.8
155.3
132. 1
13.9
-2.7
160.8
112.0
23. 1
7.2
*
18.5
167.8
133.0
13.0
12.1
12. 1
182.9
132.3
18.8
22.7
-.1
9.2
9.8
215.8
137.5
37.4
26.2
-. 1
14.8
176.9
121.4
21.8
29.3
-. 1
4.4
171.0
137.4
3.0
23.1
-.1
7.7
26
.5
-.6
.5
-.4
1.2
-1.9
1.1
1.9
.4
1.3
♦
BILLIONS OF DOLLABS.
♦
1/85 BASED ON INCOHPLETE INFOBHATION.
♦
Corporate eguities
Credit aarket instruaents
U.S. govt, securities
Tax-exeapt Obligations
Corporate bonds
Hortgages
None aortgages
Hulti-faaily
Coaaercial
Fara
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Consuaer install, credit
Consuner noninstall.credit
Open-aarket paper
Hiscellaneous assets
16
17
18
19
78.3 Net increase in liabilities
Deposits
72.2
Security BP’s
-7.3
-3.5
Cr. akt. instr. (svgs.+loan)
Profit taxes payable
-.1
Hiscellaneous liabilities
16.9
20
21
22
23
24
25
.6 Discrepancy
26
JUNE 10, 1985
Savings Institations
Savings Institutions
Sector Statenents of Saving aad Investnent
22
UNADJUSTED NET FLOWS ($ HILL)
UNADJUSTED NET FLOWS($ BILL)
|
|
1983 |
IV |
1984
I
II
|
IV |
III
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Savings and Loan Associations (1)
———---- ———a---- —-------- —----------------- ———————------------—------------1 Current surplus
2 Net acg. of financial assets
Hortgages
3
4
Consuner credit
-453
-305
-230
-170
-65
-4
1.4
2.0
2.7
3.6
3.3
1
30,661
14,994
2,240
34,919
14,778
808
48,313
27,976
2,842
37,654
22,453
3,517
38,457
12,243
3,044
13,352
8,970
2,750
40.8
27.4
.8
52.0
42.7
1.1
64.3
55. 1
1.5
63.5
50.8
.3
56.6
44.0
3.7
2
3
4
5
6
7
8
Other assets
Denand deposits ♦ currency
Tine deposits
Fed. funds * security BP’s
13,427
274
343
114
19,333
1,036
-2,406
2,550
17,495
-89
-1,716
1,168
11,684
112
-3,685
1,284
23,170
760
2,308
2,856
1,632
798
842
-3,196
12.6
.3
4.5
-1.0
8.2
.3
-1.4
1.2
7.7
-.2
.1
2.3
12.4
•1
.4
1.7
8.8
.5
-2.2
2.5
5
6
7
8
9
10
11
12
13
U.S. treasury securities
U.S. govt, agency secur.
Tax-exeapt Obligations
Open-narket paper
Hiscellaneous
2,770
3,604
10
1,406
4,906
6,704
8,999
-92
-76
2,618
-2,894
9,599
-98
2,439
9,086
3,582
4,238
-75
-1,988
8,216
2,759
-698
34
2,014
13,137
1,966
656
87
479
•6
4.1
1.0
.9
2. 1
4.9
.7
-.3
-. 1
2.9
-1.0
4.9
1.8
V
4.6
.1
.4
5.1
-2.9
3.9
-.1
.7
6.5
9
10
11
12
13
30,994
21,365
5,783
35,263
29,836
3,238
48,766
27,943
9,360
37,959
22,932
5,461
38,626
31,708
752
12,381
16,285
-1,824
39.5
42.8
.1
49.7
50.2
-. 1
61. 1
50.9
1.9
59.6
44.2
2. 1
53.0 14
39. 1 15
.5 16
12.6
1.4
2.0
9.2
14 Net increase in liabilities
Deposits
15
16
Security BP’s
♦
-.3
17
18
19
20
Credit aarket instrunents
Corporate bonds
Bank loans n.e.c.
Fed. hone loan bank loans
1,590
-16
515
1,091
940
-47
2,332
-1,345
8,331
-276
356
8,251
8,110
179
785
7,146
5,274
1,365
2,293
1,616
-2,773
333
-3,176
70
-4.2
.1
-.3
-4.0
-1.7
. 1
.2
-2.0
6.9
1.2
1.4
4.3
13.5
.7
.3
12.5
21
22
Profit taxes payable
Hiscellaneous liabilities
-13
2,269
-12
1,261
-14
3,146
-16
1,472
-25
917
-20
1,713
.1
.7
.2
1. 1
.2
1.2
.2
—.3
23 Discrepancy
24 Heno:
Acg.of credit akt.inst.
17
18
19
20
-.2 21
1. 1 22
-120
39
223
135
10a
25
*
-.2
-.5
-.2
-.3 23
25,024
31,121
39,864
31,727
19,396
14,429
34.8
49.0
60. 1
56. 1
49.3 24
(1) Includes nost federal savings banks that are insured by fslic.
A fev of then are included with nutual savings banks.
Hutual Savings Banks (2)
1 Current surplus
2 Net acg. of financial assets
Denand deposits and currency
3
4
Tine deposits
Fed. funds and security BP’s
5
140
149
235
221
191
217
•4
•4
.7
.9
.7
1
7,494
461
242
-474
3,643
-892
-331
1,621
1,686
668
-256
-604
2,581
-58
-599
238
2,383
364
-214
49
3,980
62
-300
-217
11.5
.1
.1
-. 1
13.8
V
•4
12.5
*
a
•6
10.9
1.0
.3
•
5.2
-.3
-.3
.9
2
3
4
5
6
7
8
9
10
11
Corporate eguities
Credit narket instruaents
U.S. treasury securities
O.S. govt, agency secur.
Tax-exeapt Obligations
Corporate bonds
106
6,375
416
1,387
-67
348
110
2,502
262
245
-110
-238
-26
2,787
-74
-444
-30
-848
-77
3,101
-283
51
15
-48
-163
1,823
-132
630
25
-336
104
4,603
296
326
15
284
.2
10.7
2.2
1.7
•6
3.5
. 1
12.8
1. 1
2.9
.9
2.8
•4
11. 1
.1
2.6
•4
1.2
.1
8.8
-.9
1.7
.5
. 1
12
13
14
15
Hortgages
Consuaer credit
Connercial paper
Hiscellaneous assets
2,518
527
1,246
784
1,122
1,143
78
633
2,352
279
1,552
-883
2,267
686
413
-24
1,264
696
-324
524
1,278
601
1,803
-272
2.3
•2
.1
.6
4.4
.3
.4
•4
6.5
.5
*
•3
6.5
.7
.2
.7
16 Net increase in liabilities
17
Deposits
18
Hiscellaneous liabilities
7,005
6,427
578
3,638
3,336
302
1,655
-1,074
2,729
2,497
2,363
134
2,371
3,179
-808
3,800
2,466
1,334
11.0
11.2
-. 1
13. 1
13.0
. 1
11.5
11. 1
•4
10.0
8.6
1.4
4.6 16
3.4 17
1.2 18
-349
144
204
137
179
37
-. 1
-.2
-.3
-. 1
• 19
19 Discrepancy
-.1 6
4. 4 7
-.2 8
1.3 9
— .4 10
-1. 1 11
3.6
.1
1. 1
.5
12
13
14
15
<2) Includes federal savings banks insured by fdic and a fev insured
by fslic.
Credit Unions
143
106
104
77
65
46
•3
•4
.5
•6
.3
1
2 Net acg. of financial assets
3
Denand deposits and currency
4
Tine deposits
Savings and loan deposits
5
1,998
17
23
-249
5,716
17
25
1,723
4,464
16
32
668
832
16
37
-1,905
1,441
15
42
-1,047
5,523
15
48
1,358
5.8
-. 1
.5
a
6.4
-. 1
-.2
. 1
8.2
.1
.1
.8
6.9
.1
a
-.5
4.8
.2
a
1.8
2
3
4
5
Credit narket instrunents
U.S. governnent securities
Uone nortgages
Consuner credit
2,207
-269
128
2,348
3,951
1,401
129
2,421
3,748
-382
129
4,001
2,684
-1,361
130
3,915
2,431
-1,749
130
4,050
4,102
1,397
131
2,574
5.4
1. 1
.5
3.8
6.6
.6
.5
5.5
7.2
.5
.3
6.4
7.3
.1
.6
6.7
2.8
a
.6
2.2
6
7
8
9
1,855
5,610
4,360
755
1,376
5,477
5.5
6.0
7.7
6.4
4. 4 10
1 Current surplus
6
7
8
9
10 Credit union shares
1/85 BASED ON INCOHPLETE INFOBHATION.
JUNE 10, 1985
Savings Institutions
Savings Institutions
Sector Statenents of Saving and Investaent
2$
SEASOHALLI ADJUSTED AM MO II BATES
1980
1981
1982
SBASOIALLI ADJUSTED ABBOAL BATES
1983
1984
|
|
1983 |
IV |
19E4
I
Savings and Loan Associations
II
III
|
IV |
1985
1
<1)
1
1.4
-5.2
-3.2
-1.2
-.8
-1.8
-1.2
—.9
-.7
-.3
2
3
4
52.6
28.3
2.6
35.8
18.0
.7
56.9
-23.6
4.2
120.9
45.8
7.5
159.3
77.5
10.2
119.7
70.9
8.8
139.8
60.4
2.5
190. 1
106.8
11.9
156.4
80.8
14.5
151. 1
61.8
12.0
5
6
7
8
21.7
.5
2.5
-.7
17.1
1.0
-.7
4.2
76.3
1.9
7.2
•4
67.7
3.4
1.2
5.9
71.7
1.8
-5.5
7.9
40.0
2.8
-.5
.5
76.9
1.8
-12.1
10.2
71.4
.7
-9. 1
4.7
61.1
.1
-8.0
5.1
77.3
4.8
7.2
11.4
7.4
.7
.8
-12.8
9
10
11
12
13
5.7
8.1
1.5
4.1
-3.5
6.6
.1
1.2
8.2
7.5
29.8
-.5
2.7
27.3
14.8
29.8
.1
3.7
8.8
10.2
22. 1
-.2
2.4
33.1
5.8
14.4
*
5.7
11.5
23.0
36.0
-.4
-.5
18.9
-11.7
38.4
-.4
10.4
38.4
24.4
17.0
-.3
-8.3
31.2
4.9
-2.8
.1
8.0
43.7
3.8
2.6
•3
11.9
14
15
16
51.9
41.8
2.1
40.8
20.0
3.0
61.2
46.8
-1.2
122.2
101.4
13.9
160.6
112.4
18.8
121.0
78.5
23. 1
141.3
107.4
13.0
191.9
123.6
37.4
157.6
99.5
21.8
151.7
119.3
3.0
17
18
19
20
7.4
•4
-.1
7.1
15.5
-.5
-.2
16.2
2.5
.2
1.5
.8
-2.7
*
4.3
-7.0
22.7
1.2
5.8
15.7
7.2
-. 1
5.9
1.3
12.1
-.2
6.8
5.5
26.2
-1.1
1.4
25.9
29.3
.7
1.0
27.6
23. 1
5.5
13.9
3.7
-3.5
1.3
-15.9
11.1
21
22
-.3
.9
-.3
2.6
•
13.1
9.7
-.1
6.8
V
12.2
*
8.9
-.1
4.8
-.1
7.0
-.1
6.4
-. 1
11.8
♦
23
.7
-.3
1.2
.1
.5
-.6
.3
.9
.5
.3
24
46.2
23.1
20.2
101.6
122.1
105.6
121.0
155.4
128.0
84.1
* Current surplus
52.8 Met acg. of financial assets
35.2
Hortgages
10. 1
Consuner credit
1
2
3
4
Other assets
Denand deposits ♦ currency
Tine deposits
Fed. funds ♦ security BP's
5
6
7
8
U.S. treasury securities
O.S. govt, agency secur.
Tax-exeapt Obligations
Open-aarket paper
Biscellaneous
9
10
11
12
13
53.0 Met increase in liabilities
52.0
Deposits
-7.3
Security BP's
14
15
16
Credit narket instrunents
Corporate bonds
Bank loans n.e.c.
Fed. hoae loan bank loans
17
18
19
20
Profit taxes payable
Biscellaneous liabilities
21
22
• 2 Discrepancy
52.1 Heao:
23
Acg.of credit akt.inst. 24
(D includes nost federal savings baoks that are insured by fslic.
A fev of then axe included with nutual savings banks.
-------
————
Hutual Savings Banks (2)
- ——
———
———-
1
-.4
-1.8
-1.3
.6
.8
•6
•6
.9
.9
.8
2
3
4
5
8.2
1.1
*
•6
4.2
1.2
-.1
1.5
4.4
.1
1.4
V
19.3
-.7
-.6
10.3
.1
-1.4
1.3
30.6
-. 1
1.0
.7
8.7
-2.6
-1.3
3.2
9.1
2.9
-1.0
-1.8
13.5
.5
-2.4
1.4
9.8
-.5
-.9
2.4
6
7
8
9
10
11
-.5
5.9
.8
2.5
-.5
.7
-.6
1.0
-.2
1.2
-.1
-1.0
-.5
•6
.7
1.2
•2
-1. 1
.3
18.4
3.8
6.0
-.3
3.0
-.2
10.2
-.2
.5
-.1
-1.5
•4
25.6
2.5
6. 1
-.3
1.4
.4
6.1
-2.0
1.4
-.4
-1.0
-. 1
12.7
.7
-2.9
-.1
-3.4
-.3
14.5
.1
•2
.1
-.2
-.7
7.5
.3
3.2
•1
-1.3
.4
13.7
-2.4
2.0
.1
1. 1
12
13
14
15
.6
1.6
•3
1.0
-.4
•2
1.3
1.1
-2.6
1.0
1.2
2.7
3.3
1.8
1.0
1.8
7.0
2.8
1.7
.3
9.3
2. 1
4.5
3.0
4.0
4.6
-.5
2.9
10. 1
1.1
7.2
-3.5
9.5
2.7
2.1
-.2
4.4
2.8
-1.9
1.9
4.3
2.4
6.2
-.6
16
17
18
8.3
7.5
.8
5.5
3.0
2.6
5.0
5.3
-.3
18.2
15.8
2.4
10.2
7.8
2.4
28.7
22.4
6.3
8.9
8.1
•8
9. 1
-.8
9.9
12.5
15.1
-2.6
10.0
8.8
1.3
8.9 Met increase in liabilities
Deposits
3.8
Hiscellaneous liabilities
5.1
19
-.2
-.4
-.7
-.5
.7
-1.3
.8
1.0
-.1
1.0
♦
.9 Current surplus
9.4 Met acg. of financial assets
Denand deposits and currency
1.1
Tine deposits
-1.2
Fed. funds and security BP's
-3.9
1
2
3
4
5
Corporate eguities
Credit narket instruaents
O.S. treasury securities
O.S. govt, agency secur.
Tax-exeapt Obligations
Corporate bonds
6
7
8
9
10
11
Hortgages
Consuaer credit
Coanercial paper
Hiscellaneous assets
12
13
14
15
.4 Discrepancy
16
17
18
19
(2) includes federal savings banks insured by fdic and a fev insured
by fslic.
Credit Onions
——------------ - ----- —----- ——--------------------------- ——------------ —‘----------------------------------------
• 2 Current surplus
1
1
•2
.6
.5
.6
.4
•6
•4
•4
•3
•3
2
3
4
5
8.5
.1
2. 1
3.9
3.7
.1
-.7
.6
11.8
.1
1.1
15.5
•1
-1.3
12.5
.1
•1
-.6
11.7
.1
• 1
1. 7
18.0
.1
.1
.1
15. 1
.1
.1
V
7.1
.1
.1
-.7
9.6
.1
.2
-1.6
16.6 Met acg. of financial assets
Deaand deposits and currency
.1
Tiae deposits
.2
-2.0
Savings and loan deposits
2
3
4
5
6
7
8
9
2.4
4.3
.5
-2.5
3.7
1.2
.5
1.9
10.6
8.8
.5
1.3
16.7
10.0
.5
6.2
12.8
-2. 1
.5
14.4
9.8
-1. 1
.5
10.4
17.7
5.6
.5
11.5
15.0
-1.5
.5
16.0
7.7
-5.4
.5
12.6
11.0
-7.0
.5
17.5
18.3
5.6
.5
12.2
Credit narket instrunents
U.S. governnent securities
Hone aortgages
Consuaer credit
6
7
8
9
10
8.3
3.1
11.2
14.9
12.1
11. 1
17.5
14.7
6.8
9.3
BILLIONS OF DOLLABS.
«
1/85 BASED OH INCOMPLETE IHFOBHATION.
16.4 Credit union shares
10
JUNE 10, 1985
Insurance and Pension Funds
Insurance and Pension Funds
24
Sector Statenents of Saving and Investnent
UHADJUSTED HET FLOSS(J HILL)
UHADJUSTED HET FLOSS($ RILL)
I
I
1983 |
IV |
1984
I
II
III
I
IV I
1985
I
1975
BILLIOHS OF DOLLABS
1976
1977
1978
1979
Life Insvrance Coapanies
1,879
1,147
1,907
1,439
1,860
1,409
1,861
1,556
1,836
1,975
1,822
1,902
2.5
2.3
2.8
2.0
3.6
1.9
4.3
2.2
4.9
3.0
1
2
3 Net acg. of financial assets
4
Denand deposits and currency
15,922
1,291
13,580
-1,215
13,487
-46
16,613
-164
17,399
1,900
17,341
-1,539
20.4
-.1
28.2
.1
31.2
.1
35.7
.2
37.8
.3
3
4
5
6
7
8
9
Corporate eguities
Credit narket instrunents
U.S. governnent securities
Treasury issues
Agency issues
143
12,977
7,835
4,123
3,712
394
12,849
3,966
2,420
1,546
-165
12,131
2,760
1,010
1,750
486
14,668
5,537
3,520
2,017
-3
13,859
9,363
6,384
2,979
1,135
16,057
£,675
4,030
1,645
1.9
16.9
1.7
1.4
.4
3.0
23.7
1.5
•6
.9
1.2
27.5
1.6
-. 1
1.7
-. 1
33.1
2.0
-.5
2.5
.6
33.4
2.9
.1
2.8
5
6
7
8
9
Tax-exeapt Obligations
Corporate bonds
Hortgages
Cpen-aarket paper
Policy loans
Hiscellaneous assets
-36
2,292
4,243
-1,560
203
1,511
-727
5,826
446
3, 147
191
1,552
-46
5,799
2,400
1,409
-191
1,567
8
5,184
1,957
1,494
488
1,623
536
5,053
1,481
-2,633
59
1,643
199
5,797
900
3,621
-135
1,688
.8
9. 1
2.9
.7
1.6
1.7
1. 1
16.9
2.4
•4
1.4
1.5
.5
18.8
5.2
-.3
1.7
2.5
.4
17.3
9.4
1.5
2.6
2.4
*
11.6
12.6
1.6
4.7
3.5
10
11
12
13
14
15
15,097
1,974
10,777
-26
2,372
12,021
1,967
7,728
-25
2,351
12,672
1,972
8,363
-36
2,373
16,595
1,959
12,332
-45
2,349
16,902
1,962
12,631
-66
2,375
16,631
1,954
12,389
-60
2,348
19.8
7.9
8.7
-.1
3.3
27.6
8.6
15.0
. 1
3.9
31.1
9.3
16.8
•4
4.6
35. 1
10.9
19.1
.3
4.8
35.1
10.4
19.4
*
5.3
16
17
18
19
20
-93
-1,091
-364
287
-636
-790
-.4
.2
1.5
1.6
1 Current surplus
2 Physical investnent
10
11
12
13
14
15
16 Net increase in liabilities
17
Life insurance reserves
18
Pension fund reserves
19
Profit taxes payable
20
Hiscellaneous liabilities
21 Discrepancy
-.7 21
Private tension Funds
1 Net acg. of financial assets
2
Denand deposits and currency
Tine deposits
3
10,744
101
600
6,851
633
3,768
7,575
652
3,922
2,780
-493
-4,421
8,807
-59
-278
9,692
-76
-444
23.1
.2
-2.2
18.9
.2
1.3
23. 1
.1
1.8
28.8
•2
3.6
40.8
2.8
.5
1
2
3
4
5
6
7
8
-1,035
11,078
5,828
4,693
1,135
-1,099
3,549
2,769
261
2,508
-4,800
7,801
3,255
2,063
1,192
700
6,994
6,039
4,744
1,295
2,600
6,544
6,615
4,898
1,717
3,915
6,297
6,491
4,532
1,959
6.7
18.4
12.5
9.5
3.1
7.7
9.7
7.3
6.8
.6
4.9
16.2
6.7
5.9
•8
2.1
22.8
4.9
2.9
2.0
9.3
28.2
11.6
6.6
5.0
4
5
6
7
8
4,613
300
337
-
-2,564
307
3,037
-
1,330
-133
3,349
-
3,379
121
-2,545
-
36
23
-130
-
-621
120
307
-
4.4
a
1.5
-
.7
a
1.7
-
3.6
.1
5.8
-
10.3
.3
7.3
-
12.8 9
.3 10
3.5 11
- 12
9
10
11
12
Corporate eguities
Credit narket instrunents
U.S. governnent securities
Treasury issues
Agency issues
Corporate bonds
Hortgages
Cpen-aarket paper
Hiscellaneous assets
State and Local Governnent Eaployee Betireaent Funds
1 Net acg. of financial assets
Denand deposits and currency
2
11,871
1,719
8,185
-304
8,688
2,281
11,980
1,015
10,941
-994
13,328
717
11.3
-.4
12.9
*
15.9
.3
20.7
1.0
16.2
1.3
1
2
Corporate eguities
Credit aarket instruaents
U.S. governnent securities
Treasury issues
Agency issues
6,259
3,893
4,841
2,978
1,863
2,075
6,414
6,671
5,997
674
735
5,672
6,197
4,283
1,914
3,591
7,374
6,105
5,179
926
4,021
7,914
6,356
3,024
3,332
2,250
8,361
6,505
4,554
1,951
2.4
9.3
1.6
1.0
.7
3. 1
9.8
3. 1
1.5
1.6
3.7
11.9
5.5
2.7
2.7
2.6
17.0
7.1
2.7
4.4
4.1
10.8
6.6
5.3
1.4
3
4
5
6
7
-466
-991
509
-375
43
75
-6
-728
209
-65
1,301
33
-345
1,608
295
34
1,722
100
1.0
6.8
-.2
1.4
5. 1
•2
•2
6.0
.3
.4
9.0
.5
3
4
5
6
7
8
9
10
Tax-exeapt Obligations
Corporate bonds
Hortgages
* 8
3.2 9
1.0 10
—— ——
——— ———
Cther insurance Coapanies
-----—
—
—
—
—
—
—
—
—
—
—
—
—
—
——————----- —- ----- ——” ——
•
296
359
339
355
362
366
-.7
.9
4.6
4.6
4.3
1
2 Net acg. of financial assets
Deaand deposits and currency
3
4
Security rps
3,801
-71
2,002
4,003
-17
1,306
3,325
29
1,888
4,029
10
353
3,631
-33
220
4,139
-24
742
7.3
.1
-
14.9
.2
•
20.2
.3
20.4
.4
-
18.8
.3
-
2
3
4
Corporate eguities
Credit aarket instruaents
U.S. governaent securities
Treasury issues
Agency issues
819
563
1,282
725
557
815
1,399
1,618
868
750
327
581
408
153
255
390
2,770
2,465
1,611
854
500
2,434
1,888
1,158
730
551
2,356
1,575
1,035
540
-.7
7.3
2.5
1.9
.6
•9
12.5
3. 1
2.6
.6
1.2
17.5
3.0
2.5
.5
2.0
16.5
1.2
.7
.5
3.2
13.4
1.3
•2
1.1
5
6
7
8
9
-80
-790
151
488
23
-345
103
500
62
35
76
500
195
50
60
506
246
250
50
510
354
398
29
514
2.6
2.2
.1
.6
5.4
3.9
. 1
1.2
10.7
3.7
.1
1.3
13.5
1.8
*
1.5
9.9
2.0
.3
1.9
10
11
12
13
3,386
365
-7
3,028
3,388
393
-7
3,002
3,391
401
-9
2,999
3,361
410
-11
2,962
3,463
425
-17
3,055
3,535
433
-13
3,115
7.2
1.0
*
6.2
11.3
•9
.1
10.3
14.1
1.4
.1
12.6
15.0
•8
.1
14.1
15.6 14
.9 15
♦ 16
14.7 17
-119
-256
405
-313
194
-238
-.9
-2.8
-1.5
-.7
1.1 18
1 Current surplus
5
6
7
8
9
10
11
12
13
Tax-exenpt Obligations
Corporate bonds
Coaaercial aortgages
Trade credit
14 Net increase in liabilities
Corporate eguity issues
15
Profit taxes payable
16
17
Policy payables
18 Discrepancy
1/85 BASED ON INCOHPLETE INFOBHATION.
JUNE 10, 1985
Insurance and Pension Ponds
Insurance and Pension Funds
25
Sector Statenents of Saving and Investaent
SEASOHALLT ADJOSTED AHHOAL BATES
SEASOHALLT ADJUSTED AHHUAL BATES
1980
1981
1982
1983
1984
|
|
1983 |
IV |
1984
II
I
III
|
IV |
1985
I
Life Insurance Coapanies
1
2
6.3
3.9
6.3
5.3
6.3
4.6
7.4
4.0
7.5
6.4
7.5
4.6
7.6
5.8
7.4
5.6
7.4
6.2
7.3
7.9
3
4
37.4
.5
45.9
1.1
55.4
•3
59.7
-.6
61.1
.5
63.9
.7
51.9
1.9
54.4
-2.2
69.1
-.8
69.0
3. 1
5
6
7
8
9
.5
32.8
2.7
1.0
1.8
2.9
34.7
5.5
2.3
3.1
3.4
43.5
12.7
8.4
4.3
3.1
51.2
19.3
12. 1
7.2
.7
53.5
21.6
13.3
8.3
.6
56.6
28.9
14.0
14.8
1.6
42.2
12.0
5.8
6.2
-.7
51.1
15.2
8.2
7.0
1.9
61.4
25.0
16.9
8.1
59.3
34.3
22.4
11.9
10
11
12
13
14
15
.3
8.7
12.3
2.2
6.6
3.6
.5
7.3
6.7
7.4
7.3
7.3
1.9
16.2
4.2
4.2
4.3
8.1
.9
16.7
9.6
3.4
1.1
6. 1
-.2
21.9
6.3
3.4
.5
6.4
-.3
12.3
14.5
•4
.8
6.0
-2.7
21.1
1.9
9.0
•8
6.2
-.6
18.8
11.1
7.4
-.8
6.3
•3
24.1
8.6
1.5
2.0
6.5
16
17
18
19
20
35.5
9.7
22.3
-.4
3.8
46.1
8.9
29.5
-.5
8.2
53.7
7.0
39.7
*
7.0
57.2
7.8
40.2
-.1
9.2
58.2
7.9
41.1
-.2
9.4
60.4
7.9
43. 1
-. 1
9.5
48.1
7.9
30.9
-.1
9.4
50.7
7.9
33.5
-.2
9.5
21
.5
1.2
♦
•8
-1.8
-.6
-1.9
_____ ___ __________
7.3 Current surplus
7.6 Physical investnent
1
2
66.6 Het acg. of financial assets
Deaand deposits and currency
.9
3
4
4.5
54.4
18.5
11.9
6.6
Corporate eguities
Credit narket instruaents
O.S. governnent securities
Treasury issues
Agency issues
5
6
7
8
9
2.0
23.5
3.6
-4.3
•2
6.6
1. 1
20.9
3.5
10.9
-.5
6.8
Tax-exeapt Obligations
Corporate bonds
Hortgages
Open-aarket paper
Policy loans
Biscelianeous assets
66.4
7.8
49.3
-.2
9.4
67. 6
7.8
50.5
-.2
9.5
66.5 Het increase in liabilities
7.8
Life insurance reserves
49.6
Pension fund reserves
-.2
Profit taxes payable
9.4
Hiscellaneous liabilities
-1.9
-1.5
-1.9
♦
-.4 Discrepancy
10
11
12
13
14
15
16
17
18
19
20
21
______________
Private Pension Funds
1
2
3
48.9
•1
•4
37.6
•2
1.2
54.3
-.2
-1.3
47.3
•6
4.4
26.0
.7
3.0
44.2
.4
2.4
23.8
2.5
15.1
30.0
2.6
15.7
13.5
-2.0
-17.7
36.8
-.2
-1. 1
34.5 Het acg. of financial assets
Deaand deposits .and currency
-.3
-1.8
Tine deposits
1
2
3
4
5
6
7
8
17.7
30.8
19.5
13.0
6.5
5.4
30.8
26.2
15.9
10.3
20.1
35.7
35.7
25.4
10.3
15.3
27.0
15.5
10.2
5.3
-2.6
24.9
18.7
12.0
6.7
-6.0
47.5
26.4
20.8
5.6
-6.0
12.1
8.9
-.1
9.0
-20.0
31.7
13.8
8.1
5.6
7.1
26.0
22. 0
17.8
4.2
8.4
29.8
30.0
22.0
8.0
13.5
23.1
23.8
17.1
6.8
Corporate eguities
Credit narket instruaents
O.S. governaent securities
Treasury issues
Agency issues
4
5
6
7
8
9
10
11
12
10.7
3.4
.1
1.3
1. 1
.4
-1.5
5.8
1.1
4.5
2.2
.3
3.7
18.5
1.3
1.3
-10.3
1.3
12.1
5.3
-.8
13.4
13.5
.6
-10.2
. 1
•2
-.5
-2.5
.5
1.2
Corporate bonds
Hortgages
Open-aarket paper
Hiscellaneous assets
•6
-.1
9
10
11
12
State and Local Governnent Eaployee Betirenent Funds
1
2
26.5
•3
31.0
.2
37.3
2.5
44.5
3.2
39.8
2.0
47.5
6.9
32.7
-1.2
34.8
9.1
47.9
4. 1
43.8
-4.0
49.3 Het acg. of financial assets
2.9
Deaand deposits and currency
1
2
3
4
5
6
7
5.3
20.9
9.9
6.2
3.7
8.3
22.5
11.8
6.6
5.2
10.1
24.7
18.9
9.3
9.5
22.2
19.0
17.5
13.6
3.9
10.4
27.4
25.3
18.5
6.8
25.0
15.6
19.4
11.9
7.5
8.3
25.7
26.7
24.0
2.7
2.9
22.7
24.8
17. 1
7.7
14.4
29.5
24.4
20.7
3.7
16.1
31.7
25.4
12.1
13.3
13.0
33.4
26.0
18.2
7.8
Corporate eguities
Credit aarket instruaents
O.S. governaent securities
Treasury issues
Agency issues
3
4
5
6
7
8
9
10
.1
9.5
1.3
-.2
9.1
1.8
-.7
5.2
1.3
-1.2
1.9
.8
-.8
2.2
.6
-1.9
-4.0
2.0
-1.5
•2
.3
♦
-2.9
.8
-.3
5.2
.1
-1.4
6.4
1.2
.1
6.9
•4
Tax-exenpt Obligations
Corporate bonds
Hortgages
8
9
10
ether Insurance Conpanies
1
5.8
3.5
2.1
1.8
1.4
1.2
1.4
1.4
1.4
1.4
2
3
4
15.0
.1
14.2
.1
•1
14.1
*
4.0
16. 1
-.4
9.6
15.0
*
3.8
15.6
-.3
8.0
14.8
-.1
5.2
14.9
.1
7.6
15.0
*
1.4
15.2
-. 1
5
6
7
8
9
3.1
9.9
1.8
1.6
.2
2.0
9.4
2.2
1.4
.8
3.0
5.0
2.2
.6
1.5
3.2
1.7
5.5
3.3
2.2
2.0
7.2
6.4
3.8
2.6
3.3
2.7
5.5
3.3
2.2
3.3
4.4
5.3
2.3
3.0
1.3
3.9
3.2
2.2
1.0
1.6
10.0
8.8
5.4
3.4
2.0
10.4
8.2
5.3
2.9
10
11
12
13
7.7
*
.3
2.0
4.0
2.8
.4
2.6
3.0
-.5
.3
2.1
-.3
-4.2
.7
2.0
.5
-.3
-3.2
•6
2. 0
.1
-1.4
.4
2.0
.2
.1
•3
2.0
•8
.2
•2
2.0
1.0
1.0
•2
2.0
14
15
16
17
13.4
1.2
-.2
12.4
11.8
1.1
-.2
10.8
13.4
2.8
4
10.6
13.5
1.5
13.6
1. 5
13.5
1.6
13.6
1.6
12.0
13.6
1.6
*
12.0
12.1
12.0
12.0
13.4
1.6
•
11.8
13. 9
1.7
-. 1
12.2
18
4.2
1.0
1.3
-.8
*
-.9
.2
*
-.2
.1
BILLIOHS OF DOLLABS.
«
♦
•3
2.0
♦
1/85 BASED OH IHCOHPLETE IHFOBBATIOH.
♦
♦
.9
1.5 Current surplus
1
15.2 Het acg. of financial assets
Deaand deposits and currency
-. 1
3.0
Security rps
2
3
4
2.2
8.1
5.0
2.8
2.2
Corporate eguities
Credit aarket instruaents
U.S. governnent securities
Treasury issues
Agency issues
5
6
7
8
9
1.4
1.6
.1
2.1
Tax-exeapt Obligations
Corporate bonds
Connercial nortgages
Trade credit
14.1 Het increase in liabilities
1.7
Corporate eguity issues
Profit taxes payable
-.1
12.5
Policy payables
.4 Discrepancy
10
11
12
13
14
15
16
17
18
JUNE 10, 1985
Finance N.E.C
Finance N.E.C.
26
Sector Stateaents of Saving and Investaent
UNADJOSTED NET FLO»S(S HILL)
UNADJUSTED NET FLOWS« HILL)
|
I
1 Current surplus ct group
1963 |
IV |
-2,347
|
IV |
1984
I
-3,517
II
-1,142
III
-899
-1,538
1985
I
1975
-1,320
-1.3
BILLIONS OF DOLLABS
1976
1977
1978
1979
-2.2
-2.5
-.8
-.9
1
Finance Coapaaies
— ———- ——-------------------------—————- ------ ------------------- - -------———————
1 Net acg. of financial assets
Denand deposits and currency
2
Credit narket instrunents
3
4
Mortgages
5
Consuaer credit
Other loans (to business)
6
7 Net increase in liabilities
Credit narket instruaents
8
9
Corporate bonds
10
Bank loans n.e.c.
11
Cpen-aarket paper
12
13
14
Profit taxes payable
Inv. by parent conpanies
Other nisc. liabilities
14,003
20
13,983
400
3,614
9,969
6,679
19
6,660
1,264
-1,660
7,056
10,528
18
10,510
2,328
4,236
3,946
3,471
17
3,454
-1,365
4,718
101
14,462
16
14,446
-140
3,890
10,696
1,935
15
1,920
500
1,208
6,212
2.9
.2
2.6
-1.3
.2
3.7
11.9
.2
11.7
—.4
3.4
8.6
22.7
.2
22.5
1.2
7.8
13.5
24.1
.2
24.0
.9
11.6
11.5
27.3
.2
27. 1
.8
16.2
10. 1
12,663
10,122
3,744
1,628
4,750
4,685
2,498
358
-3,944
6,084
9,204
2,587
3,789
376
-1,578
5,577
6,906
1,606
-537
5,837
13,964
7,539
3,618
-827
4,748
9,361
11,336
136
2,102
9,098
5.1
.5
2.7
-2.8
•6
12.7
4.3
3. 1
-2. 1
3.3
23.6
16.9
7.8
.7
8.4
23.0
17.6
6.4
3.4
7.8
26.5 7
16.5 8
4.3 9
-1.1 10
13.3 11
-2
1,206
1,337
2
811
1,374
2
4,954
1,661
3
-1,832
500
1
4,725
1,699
6
-2,442
461
3.4
1.2
6.4
2. 1
.1
-.5
7. 1
.1
2.7
2.6
-.1 12
5.5 13
4.6 14
1
2
3
4
5
6
Beal Estate Investaent Trusts
1 Physical investnent
2 Net acg. of financial assets
3
Mortgages
4
Miscellaneous assets
5 Net increase in liabilities
Corporate equity issues
6
7
Credit narket instruaents
8
Mortgages
9
Corporate bends
10
Bank loans n.e.c.
11
Cpen-aarket paper
12
Miscellaneous liabilities
66
66
66
66
66
66
3.0
1.6
.2
49
-100
149
49
71
-22
49
100
-51
49
90
-41
49
110
-61
49
100
-51
-3.6
-4.8
1.2
—4. 1
-3.8
-.3
-3.2
-2.4
-.8
155
93
62
7
3
69
-17
169
147
22
7
2
30
-17
165
123
42
8
2
48
-16
176
159
17
8
1
23
-15
176
156
20
9
1
23
-13
182
174
8
9
10
-11
*
-1.1
-. 1
•4
-.6
•1
-2.0
-.3
-1.9
•4
-.2
-1.9
-.3
-2.4
.6
-2.5
•
-.1
-2.4
-
-
-
-
-
-
1.3
.2
-.5
«
—
-— —
Open -End Investnent Coapanies (Hutual Funds)
——— ———— —————— ———.
-
-
1
-1.4
-1.1
-.3
-.6
-1.0
.3
2
3
4
-1.0
•6
-1.4
.1
-.2
-1.4
•1
-.3
.9
-1.3
-.1
♦
5
6
7
8
♦
9
-1.4 10
. 1 11
12
——
———'
-2,001
-3,184
-795
-588
-1,205
-1,013
1
-. 1
-.7
-.8
-.9
1
2 Net acg. of financial assets
3
Deaand deposits and currency
6,399
38
10,468
16
5,483
8
8,086
223
7,676
114
22,382
304
-.4
.1
-2.5
.1
.2
*
-.9
♦
-.8
.1
2
3
4
5
6
7
8
9
2,571
3,790
92
2,939
980
-221
2,363
8,069
1,390
6,168
-1,114
1,625
797
4,678
1,393
1,251
1,105
929
2,252
5,611
2,045
2,363
-204
1,407
412
7,150
-126
3,614
5,388
-1,726
2,673
19,405
419
12,813
3,881
2,292
-.9
.5
♦
.7
-.2
-2.4
-.2
•
.5
.3
-1. 1
-3.7
3.9
.2
1.6
1.1
1.1
-1.6
.8
—.2
.5
-.7
1.1
-2.8
1.9
*
1.4
.8
-.2
4
5
6
7
8
9
8,400
13,652
6,278
8,674
8,881
23,395
-.3
-2.4
•9
-.1
1 Current surplus
Corporate eguities
Credit narket instrunents
U.S. governaent securities
Tax-exenpt Obligations
Corporate bonds
Cpen-narket paper
10 Net share issues
.1 10
floney Market Hutual Funds
1 Net acg. of financial assets
2
Denand deposits and currency
3
Tine deposits
4
Security RP’s
5
Foreign deposits
-457
665
-467
-1,770
2,021
11,228
-292
-3,446
4,591
1,876
3,854
279
3,757
-413
-803
5,129
-330
-4,718
3,342
680
26,978
-627
4,103
2,120
-2,451
-3,030
-1,133
—2,421
621
-256
1.3
♦
.5
.1
-
-.7
*
-
.2
«
.3
•1
*
6.9
*
2.7
•1
.5
34.4
*
7.5
2. 1
4.6
1
2
3
4
5
Credit aarket instrunents
U.S. governnent securities
Open-narket paper
Miscellaneous
-511
2,118
-2,629
-395
8,096
-1,092
9,188
403
957
-3,583
4,540
77
6,019
170
5,849
136
23,489
10,570
12,919
344
-600
1,529
-2,129
759
.7
•8
-.1
*
.6
•2
.4
a
-.1
-.3
.1
-.1
3.2
•6
2.6
.5
19.8
4.2
15.6
.4
6
7
8
9
-457
11,228
3,854
5,129
26,978
-3,030
1.3
*
•2
6.9
6
7
8
9
10 Net share issues
♦
_ __ _
----- ...
_____ _________________
Security Brokers and Dealers
----- ——— ——————---------- ——————
_______
———————————
1 Net acg. of financial assets
2
Denand deposits and currency
5,841
250
-499
-600
746
100
2,137
161
10,028
240
-2,740
538
3.2
3
4
5
6
7
8
-862
-33
828
-861
6,486
1,227
-640
-1,966
100
1,226
-486
532
-1,738
-2,070
-200
532
1,852
1,059
2,133
675
400
1,058
-1,216
2,862
7,543
4,382
300
2,861
-617
5,561
5,484
4,323
1,161
-720
-741
-1,067
326
543
522
-1,019
1,541
1,887
1,867
1,006
861
77
21
21
20
Corporate eguities
Credit narket instrunents
U.S. governaent securities
Tax-exenpt Obligations
Corporate bonds
Security credit
9 Net increase in liabilities
10
Security credit
11
Fron banks
12
Custoner credit balances
13
Profit taxes payable
1/85 BASED ON INCOMPLETE INFORMATION.
34.4 10
_______
♦
8.4
•2
.9
*
.2
.2
1.2
.9
1
2
-2,532
-5,167
764
-400
-2,531
1,421
1.2
1.0
-.1
-.1
1.2
1.0
.5
3.1
2.4
.3
.5
4.6
•2
-.3
-.7
.2
•2
1.0
—.4
-1.3
-.8
-.2
-.4
1.6
-1.5
.6
1.9
.2
-1.5
1. 1
3
4
5
6
7
8
9,800
9,752
6,936
2,816
-2,999
-3,010
-3,311
301
2.9
2.9
2.2
•6
8.0
7.9
6.5
1.5
•8
.9
1.9
-1.0
♦
♦
-2.4
2.5
1.2 9
1. 1 10
-.8 11
1.8 12
48
11
*
.1
-.1
*
. 1 13
JOME 10, 1985
Finance N.E.C.
Finance N.E.C.
27
Sector stateaents of Saving and Investnent
SEASOMALLT ADJOSTED AMMOAL BATES
SEASOMALLT AOJUSTEO AMMOAL BATES
1
1980
1981
1982
1983
1984
-4.2
-3.8
-4.3
-5.3
-7.1
|
1
1983 1
17 |
-8.4
1985
1
II
III
|
17 1
-11.4
-6.6
-5.4
-5.0
-2.4 Carrent surplus of group
1
47.9 Met acg. of financial assets
Denand deposits and currency
•1
Credit narket instruaents
47.9
Bortgages
1.2
20.4
Consuaer credit
Other loans (to business)
26.3
1
2
3
4
5
6
1984
I
Finance Coapanies
1
2
3
4
5
6
14.0
.1
13.9
•6
9.9
3.4
27.1
•1
27.0
2.9
14.6
9.5
5.1
.1
5.0
1.1
5.3
-1.4
24.3
•1
24.2
1.4
6.0
16.9
35.1
.1
35.1
2.1
11.2
21.8
38.2
.1
38.2
2.1
4.3
31.7
40.4
.1
40.4
4.4
6.1
29.8
38.5
•1
38.4
9.8
15.0
13.6
21.7
•1
21.6
-5.8
18.8
8.6
39.9
.1
39.8
-.1
4.8
35.1
7
8
9
10
11
13.5
5.8
5.4
.9
-.5
25.6
12.8
-.8
-.3
13.9
8.1
-.9
1.2
.3
-2.5
26.4
17.0
12.1
-4.7
9.6
33.4
19.5
9.4
-4.9
15.1
38. 1
28.0
13.3
-4.5
19.2
33.2
24.5
4.4
-11.3
31.4
23.9
-2.6
14.2
3.1
-19.9
33.5
38.9
6.4
3.6
28.8
43.1
17.4
12.4
-15.1
20. 1
12
13
14
-.2
4.4
3.5
-.2
7.9
5.0
♦
7.8
1.2
♦
4.5
4.9
*
8.7
5.2
4.8
5.3
*
3.2
5.5
♦
19.8
6.6
V
-7.3
2.0
*
18.9
6.8
54.6 Met increase in liabilities
Credit narket instrunents
62.5
Corporate bonds
4.0
Bank loans n.e.c.
13.3
45. 1
Open-aarket paper
7
8
9
10
11
V
-9.8
1.8
12
13
14
Profit tazes payable
Inv. by parent coapanies
Other nisc. liabilities
Beal Estate Investaent Trusts
1
.3
.3
.3
•3
.3
.3
•3
•3
-.7
-1.1
•4
•2
-.7
.9
•2
-.3
.4
.2
•4
-.2
.2
-.4
•6
.2
.3
-.1
.2
•4
-.2
.2
.4
-.2
.2
.4
-.2
.2 Met acg. of financial assets
.4
Bortgages
Biscelianeous assets
-.2
2
3
4
-1.5
.6
-2.2
-.1
-.2
-1.7
-.2
-.5
-.8
•2
-.5
-.7
1.5
*
.6
•6
.1
.1
*
.1
-.1
•6
•4
•2
«
♦
.2
-. 1
.7
•6
.1
*
*
•1
-. 1
•6
•4
.2
*
*
.3
-.1
.7
.6
.1
*
*
•1
-.1
.7
.5
.2
*
•
.2
-.1
.7
•6
.1
♦
V
•1
-.1
.7
.6
.1
•
*
. 1
-.1
.7 Met increase in liabilities
Corporate eguity issues
.7
*
Credit narket instruaents
*
Bortgages
Corporate bonds
♦
Bank loaas n.e.c.
•
Open-aarket paper
5
6
7
8
9
10
11
•1
♦
-
-
-
-
-
-
-
-
-
12
1
-
2
3
4
-1.7
-.7
-1.0
5
6
7
8
9
10
11
12
-
• 3 Physical investaent
Biscelianeous liabilities
Open-End Investnent Conpanies (Butual Funds)
1
-2.0
-1.6
-1.9
-4.0
-5.8
-7.0
-10.1
-5.2
-4.1
-3.7
-1.2 Current surplus
1
2
3
3.1
.1
4.7
♦
16.5
.3
28.9
.6
31.7
.4
26.8
•2
40.8
.1
22.0
*
31.8
.9
32.3
.5
88.3 Bet acg. of financial assets
Deaand deposits and currency
1.2
2
3
4
5
6
7
8
9
-1.8
4.8
.3
2.0
1.3
1.2
-.6
5.3
.9
2.9
1.6
-.1
3.5
12.7
2.3
10.9
.2
-.6
13.7
14.6
•6
10.3
2.7
1.0
5.8
25.5
4.7
13.4
5.2
2.2
11.4
15.2
.4
11.8
3.9
-.9
8.5
32.3
5.6
24.7
-4.5
6.5
3.2
18.7
5.6
5.0
4.4
3.7
8.4
22.4
8.2
9.5
-.8
5.6
3.3
28.6
-.5
14.5
21.6
-6.9
9.4
77.6
1.7
51.3
15.5
9.2
4
5
6
7
8
9
10
5.2
6.3
18.4
32.8
37.5
33.7
50.9
27.2
35.9
36.0
89.4 Net share issues
Corporate eguities
Credit narket instruaents
O.S. governnent securities
Taz-ezenpt Obligations
Corporate bonds
Open-narket paper
10
Money Barket Mutual Fuads
1
2
3
4
5
29.2
.1
9.0
3.2
1.7
107.5
-.7
22.8
8.9
12.1
24.7
•8
-3.1
1.7
4.9
-44. 1
-.6
-16.8
-3.2
-1.8
47.2
-1.0
-.3
9.6
-.7
-1.8
2.7
-1.9
-7.1
8.1
44.9
-1.2
-13.8
18.4
7.5
15.4
1. 1
15.0
-1.7
-3.2
20.5
-1.3
-18.9
13.4
2.7
107.9
-2.5
16.4
8.5
-9.8
6
7
8
9
14.9
2.6
12.3
.4
62.5
23.7
38.8
1.9
21.4
22.7
-1.3
-1.1
-21.4
-18.4
-3.0
-. 4
38.6
6.1
32.5
1.0
-2.0
8.5
-10.5
-1.6
32.4
-4.4
36.8
1.6
3.8
-14.3
18.2
.3
24.1
.7
23.4
.5
94.0
42.3
51.7
1.4
10
29.2
107.5
24.7
-44. 1
47.2
-1.8
44.9
15.4
20.5
107.9
1
-12.1 Het acg. of financial assets
Ceaand deposits and currency
-4.5
Tiae deposits
-9.7
Security BP’s
2.5
Foreign deposits
-1.0
3
4
5
Credit narket instrunents
O.S. governnent securities
Open-narket paper
Biscelianeous
6
7
8
9
-2.4
6.1
-8.5
3.0
-12.1 Met share issues
2
10
Security Brokers and Dealers
1
2
7.0
.5
2.8
*
4.1
1.6
6.2
.5
12.4
-.1
9.5
1.0
15.8
-2.4
-4.2
.4
13.0
•6
25.1
1.0
3
4
5
6
7
8
.7
-.7
-1.4
*
.7
6.5
2.7
2.3
-.6
.2
2.7
-2.3
-.5
-.2
.4
-.2
-.5
3.2
-.2
-12.3
-12.4
.4
-.2
18.2
5.7
7.3
1.0
.6
5.7
-.5
-10.4
-7. 1
3.3
-10.4
25.9
13.8
6.4
-7.9
•4
13.8
-1.9
-1.5
-10.6
-8.3
-.8
-1.5
7.4
6.5
10.8
2.7
1.6
6.5
-4.9
3.9
22.7
17.5
1.2
3.9
-2.5
9
10
11
12
6.2
6.0
.8
5.2
2.5
2.5
4.6
-2.1
3.4
3.2
-.1
3.3
4.9
4.7
1.4
3.3
11.5
11.4
5.9
5.5
8.4
8.2
3.5
4.6
14.9
14.9
13.5
1.3
-5.1
-5.2
-11.4
6.2
12.0
11.9
8.5
3.4
24.2
24. 1
12.8
11.3
13
•2
•
.2
•2
.1
.2
.1
.2
.1
•1
BILLIONS OF DOLLABS.
1/85 BASED OM INCOMPLETE INFOBBATION.
1
8. 1 Met acg. of financial assets
Denand deposits and currency
2.2
2
Corporate eguities
Credit narket instrunents
U.S. governnent securities
Taz-exeapt Obligations
Corporate bonds
Securitj credit
3
4
5
6
7
8
-.6
.9
3.1
-1.6
-.6
5.7
7. 1 Net increase in liabilities
Secority credit
7.0
5.8
Fron banks
Custoner credit balances
1.2
9
10
11
12
Profit tazes payable
13
.1
JUNE 10, 1985
Monetary and Insurance Beserves
Monetary aad Insurance Beserves
Foreign Exchange, Treasury Currency, Insurance fieserves,
28
and Interbank Clain
ONADJOSTED NET FLOWS($ HILL)
ONADJOSTED NET FLOWS($ MILL)
|
I
1983 |
IV 1
1984
I
II
III
1985
I
I
IV |
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Gold and Official Foreign Exchange Holdings (1)
823
947
108
305
958
364
•8
2.6
.4
-.7
.1
1
2 U.S. gold stock and SDH's
3
U.S. govt.: Ex. Stab. Fund
4
Monetary authority (2)
-554
-547
-7
218
228
-10
276
287
-11
268
271
-3
195
196
-1
258
261
-3
*
.1
-. 1
.1
.1
*
.2
.1
-1.2
-1.3
•1
.1
.3
-.2
2
3
4
5 U.S. foreign exchange position
6
Official fgn.currency hldgs.
Treasury
7
8
Monetary authority
1,377
-622
-589
-33
729
528
205
323
-168
-488
-210
-278
37
-293
-82
-211
763
620
545
75
106
385
11
374
•8
.3
.2
.1
2.5
.3
.2
.1
.1
-.2
-.2
.5
4.7
3. 1
1.6
*
-.3
-1. J
.9
5
6
7
8
1,999
2,009
-10
201
188
13
320
335
-15
330
327
3
143
162
-19
-279
-305
26
.5
.4
.1
2.2
2.2
*
.3
.3
-4.2
-4.2
1.2
.6
.7
-. 1
.3
.5
• 1
-.3
.5
.5
.1
♦
1.6
1.3
.5
-.2
1
2
3
4
1 Total U.S. reserves
9
10
11
Net IMF position
U.S. governnent asset
nonetary authority
.1
♦
♦
♦
•2 9
.2 10
* 11
(1) Lines 1, 2, and 3 exclude increases in SDK's through allocations, which
occurred at various dates beginning January 1970. Transactions in SDB's
are included..
Also excluded fron the table are revaluations of foreign
currency holdings, gold, SDB's, and IMF position. Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
Treasury Currency asd S.D.B. Certificates
1 Total U.S. govt, liability
2
Treasury currency
SDB certificates
3
4
Unallocated assets
86
164
—
-78
174
157
17
155
224
-69
83
124
-41
141
181
-40
.9
1.0
.1
-.1
139
170
-31
Insurance and Pension Fund Seserves
Life insurance reserves:
1 Net change in liabilities
2
U.S. governnent
3
Life insurance coapanies
2,018
44
1,974
2,012
45
1,967
2,017
45
1,972
2,005
46
1,959
2,008
46
1,962
2,001
47
1,954
8.1
•1
7.9
8.8
•2
8.6
9.5
.2
9.3
11.2
.3
10.9
10.7
.3
10.4
1
2
3
4 Net change in assets (HH)
2,018
2,012
2,017
2,005
2,008
2,001
8.1
8.8
9.5
11.2
10.7
4
5 Net change in liabilities
6
U.S. governnent
7
Insurance sector
Life insurance companies
8
Private pension funds
9
St.+loc. govt. rtr. funds
10
35,528
2,136
33,392
10,777
10,744
11,871
20,610
-2,154
22,764
7,728
6,851
8,185
28,467
3,841
24,626
8,363
7,575
8,688
40,300
13,208
27,092
12,332
2,780
11,980
35,434
3,055
32,379
12,631
8,807
10,941
31,982
-2,427
34,409
12,389
S,692
12,328
46.8
3.7
43.1
8.7
23. 1
11.3
51.3
4.6
46.7
15.0
18.9
12.9
62.2
6.4
55.8
16.8
23.1
15.9
75.5
6.9
68.6
19.1
28.8
20.7
84.3 5
7.9 6
76.4 7
19.4 8
40.8 9
16.2 10
11 Net change in assets (hh)
35,528
20,610
28,467
40,300
35,434
31,982
46.8
51.3
62.2
75.5
84.3 11
Pension fund reserves:
Net Interbank Clains
1 Net change in liabilities
Monetary authority
2
Henber bank reserves
3
4
Vault cash
5
6
7
8
9
10
11
12
Connercial banking
To nonetary authority
To foreign banks, net
Liabilities, net
G.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
♦ Br. loans to U.S.
12,308
4,335
749
3,586
14,856
-2,942
721
-3,663
11,495
-1,175
-1,915
740
9,662
3,632
3,360
272
-831
4,100
-1,793
5,893
13,308
-778
5,178
-5,956
-11.1
.8
.2
.6
-8.9
-1.0
-.9
-. 1
-1. 1
3.5
1.7
1.8
16.0
5.9
4.4
1.5
22.7
1.6
-1.4
3.0
7,973
916
13,703
14,232
13,397
11,597
-851
949
17,798
-798
7,086
6,337
3,228
1,520
1,969
3,677
12,670
2,422
6,493
6,106
4,665
-4,683
-4,791
4,557
6,030
2,817
1,290
-2,766
-2,447
-1,248
3,099
1,900
-4,931
-2,490
-4,371
-2,125
-2,246
-1,277
1,684
915
14,086
-1,552
11,659
ie,396
10,839
4,411
-6,028
400
-11.9
1.6
-9.8
-7.9
-7.1
-.8
6.3
.1
-7.8
-1.3
-5.7
-3.9
-6.8
.7
7.6
.2
-4.6
1.4
-.7
1.4
-1. 1
3.5
4.8
•2
10. 1
3.6
5.7
5.2
1.5
4.4
3.1
.3
21. 1 5
.5 6
22.3 7
22. 1 8
16.3 9
13. 1 10
-1.2 11
2.0 12
1
2
3
4
13
14
15
Fgn. bkg. off. in U.S.
Due fgn. affiliates
Less: Due fron aff.
835
-446
-1,281
3,109
-64
-3,173
1,441
2,788
1,347
-319
-2,312
-1,993
121
1,570
1,449
-443
-2,945
-2,502
-.9
.9
1.7
2.9
4.0
1.0
2.5
5.6
3.1
3.7
7. 1
3.3
5.8 13
15.5 14
9.7 15
16
17
18
Less: Dep. at fgn. banks
U.S.-chartered banks
Fgn. bkg. off. in U.S.
529
484
45
-749
-453
-296
-387
-729
342
-4,056
-3,599
-457
2,246
145
2,101
-1,263
-1,148
-115
1.9
1.3
•6
1.8
1.9
-. 1
2.0
.4
1.6
-.5
-.9
.4
-.2 16
-.2 17
* 18
19
20
21
22
23
24
25
To U.S. banking, net
U.S.-chartered banks
Liabilities
To don. affiliates
To fgn. offices
Unallocated
Less:Due froa fgn off.
-6,646
-1,285
-3,313
1,739
1,594
-6,646
-2,028
11,510
9,682
17,019
3,441
2,068
11,510
7,337
3,755
4,822
5,175
1,894
-474
3,755
353
1,923
94
691
24
-1,256
1,923
597
1,930
-1,944
-2,802
-1,263
-3,469
1,930
-858
3,979
6,524
8,007
2,791
1,237
3,979
1,483
-3.8
-4.2
-4.2
-2.0
1.5
-3.8
-.1
-.9
.3
4.2
.3
4.8
-.9
3.9
-5.4
-2.7
2.3
1.6
6.1
-5.4
5.0
.8
-3.5
11.8
3.0
8.0
.8
15.3
-1.7
-4.0
12.0
1.4
12.3
-1.7
16.0
-1,739
-3,441
-1,894
-24
1,263
-2,791
2.0
-.3
-1.6
-3.0
-1.4 26
-3,622
-2,028
1,594
5,269
7,337
2,068
827
353
-474
1,853
597
-1,256
2,611
-858
-3,469
246
1,483
1,237
-1.6
-. 1
1.5
-.9
3.9
4.8
-1. 1
5.0
6. 1
7.3
15.3
8.0
3.7 27
16.0 28
12.3 29
18,954
13,703
5,251
916
1,623
-707
3,346
7,086
-3,740
-798
-776
-22
7,740
6,493
1,247
2,422
-1,442
3,864
7,739
1,290
6,449
2,817
944
1,873
-2,761
-4,371
1,610
-2,490
566
-3,056
9,329
11,659
-2,330
-1,552
-557
-995
-7.3
-9.8
2.4
1.6
1.7
-. 1
-8.0
-5.7
-2.3
-1.3
-1. 1
-.2
4.3
-.7
5.0
1.4
1.2
•2
15.2
5.7
9.5
3.6
2.7
.9
24.4
22.3
2. 1
.5
•3
.3
U.S.-chartered banks
Henber bank reserves
Vault cash
4,335
749
3,586
-2,942
721
-3,663
-1,175
-1,915
740
3,632
3,360
272
4,100
-1,793
5,893
-778
5,178
— 1,956
.8
.2
•6
-1.0
-.9
-. 1
3.5
1.7
1.8
5.9
4.4
1.5
1.6 36
-1.4 37
3.0 38
Floats, etc.
-6,646
11,510
3,755
1,923
1,930
3,979
-3.8
-.9
-5.4
•8
-1.7 39
26
27
28
29
Donestic affiliates
'Fgn.'-bkg. off. in U.S.
Due to U.S. banks
Less:Due froa U.S. bks.
30 Net change in assets
31
Foreign
32
Donestic
33
Monetary authority
34
Federal Beserve float
35
Loans to nenber banks
36
37
38
39 Discrepancy:
1/85 BASED ON INCOMPLETE INFOBHATION.
.
19
20
21
22
23
24
25
30
31
32
33
34
35
JOBE 10, 1985
Monetae; and Insorance Beserves
Monetary and Insurance Beserves
Foreign Exchange, Treasury Currency, Insurance Beserves, and Interbank Clain
SEASOBALLI ADJUSTED ABMOAL BATES
SEASOBALLI AOJUSTED ABMOAL BATES
1980
1981
1982
1983
1984
|
|
1983 |
IV |
|
IV |
1984
I
II
III
1985
1
Gold and Official Foreign Exchange Boldings (1)
———---------------- - ----- —--———-------------------------------- ---------------------------- ------------ ——------- ———
1
6.8
2.8
4.4
.5
2.3
3.3
3.8
•4
1.2
3.8
2
3
4
-1.1
-1.1
*
.7
.7
*
1.4
1.4
♦
*
.1
*
1.0
1.0
♦
-2.2
-2.2
*
.9
.9
a
1.1
1.1
*
1. 1
1.1
•8
.8
5
6
7
8
8.0
6.3
3.7
2.6
2.1
-.4
-.4
*
3.0
.4
-.2
.6
.5
-3.9
-1.8
-2.1
1.4
.4
.5
-.1
5.5
-2.5
-2.4
-.1
2.9
2. 1
.8
1.3
-.7
-2.0
-.8
-1. 1
.1
-1.2
-.3
-.8
3. 1
2.5
2.2
.3
9
10
11
1.7
1.7
2.5
2.5
*
2.6
2.6
*
4.4
4.5
*
1.0
1.0
8.0
8.0
•8
.8
.1
1.3
1.3
-. 1
1.3
1.3
•6
.6
-. 1
♦
♦
♦
♦
«
♦
1.5 Total O.S. reserves
1
1.0 U.S. gold stock and SDB's
O.S. govt.: Ex. Stab. Fund
1.0
*
Honetary authority (2)
2
3
4
• 4 0. S. foreign exchange position
Official fgn.currency hldgs.
1.5
*
Treasury
1.5
Honetary authority
5
6
7
8
Met IHF position
O.S. governnent asset
Honetary authority
9
10
11
-1. 1
-1.2
.1
(1) Lines 1, 2, and 3 exclude increases in SDB's through allocations, ahich
occurred at various dates beginning January 1970. Transactions in SDB's
are included.
Also excluded froa the table are revaluations of fcreign
currency holdings, gold, SDB's, and IHF position.
Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
Treasury Currency and S.D.B. Certificates
1
2
3
4
1.3
.7
.7
-.2
1.2
.7
.8
-.2
1.7
.6
1.3
-.2
5
7
6
7
3
7
.7
.6
.6
.9
.3
.5
.6
.7
2
1
3
.1
-.3
-.2
-.2
•6 Total O.S. govt, liability
•7
Treasury currency
SDB certificates
1
Unallocated assets
1
2
3
4
Insurance and Pension Fund Beserves
Life insurance reserves:
9.7
9.2
.3
8.9
7.2
.2
7.0
8.0
•2
7.8
8.0
.2
7.9
8. 1
.2
7.9
8.0
•2
7.9
8.1
•2
7.9
8.0
.2
7.8
8.0
.2
7.8
8.0 Net change in liabilities
O.S. governaent
•2
life insurance coapanies
7.8
1
2
3
4
9.7
9.2
7.2
8.0
8.0
8. 1
8.0
8. 1
8.0
8.0
€.0 Net change in assets (BB)
4
5
6
7
8
9
10
106.5
8.7
97.7
22.3
48.9
26.5
107.9
9.8
98. 1
29.5
37.6
31.0
143.0
11.7
131.2
39.7
54.3
37.3
146.0
14. 1
131.9
40.2
47.3
44.5
124.8
18.0
106.9
41.1
26.0
39.8
151. 5
16.7
134.8
43.1
44.2
47.5
101.4
14.0
87.4
30.9
23.8
32.7
118.4
20.3
98.2
33.5
30.0
34.8
127.4
16.7
110.7
49.3
13.5
47.9
152.0
20.9
131.1
50.5
36.8
43.8
147.4 Net change in liabilities
14.0
O.S. governaent
133.4
Insurance sector
Life insurance coapanies
49.6
Private pension funds
34.5
St.*loc. govt. rtr. funds
49.3
5
6
7
8
9
10
11
106.5
107.9
143.0
146.0
124.8
151.5
101.4
118.4
127.4
152.0
147.4 Net change in assets (hh)
11
1
2
3
9.7
♦
Pension fund reserves:
Met Interbank Claias
- --------- ——
1
2
3
4
1
2
3
4
-29.5
-1.0
-2.3
1.3
-15.8
-3.4
-2.2
-1.2
-12.2
2.2
1.3
.9
14.4
-3.6
-5.0
1.5
35.2
3.6
•4
3.2
62.3
2.2
-9.0
11.3
56.0
-3.7
3.7
-7.3
29.5
4.2
11.8
-7.6
43.1
12.8
6.3
6.4
12.2
1.1
-20.3
21.4
49.8 Net change in liabilities
nonetary authority
4.6
Hexber bank reserves
22.0
-17.4
Vault cash
5
6
7
8
9
10
11
12
-28.5
-1.9
-23.2
-17.7
-18.9
-5.7
14.5
1.3
-12.4
-2.9
-7.0
-4.0
-2.9
5.3
17.1
8.9
-14.3
.1
-30. 1
-19.6
-7.9
-1.1
9.3
2.5
18.0
-1.0
20.1
18.2
8.3
9.4
3.8
2.7
31.6
2.0
10.5
7.6
3.2
-5.7
2.2
11.0
60.0
-1.2
74.8
76.9
58.0
45.3
-8.8
3.8
59.6
-4.7
20.3
17.3
15.2
8.7
8.2
14.7
25.2
7.5
4.6
3.0
6.1
-31.7
-19.6
18.2
30.4
19.1
15.1
-1.1
-1.0
9.2
17.7
7.6
11. 1
-14.1
2.0
11.0
-7.5
-8.9
2.3
3.7
45.2
-9. 1
40.2
35.1
48.7
19.9
-27.2
1.6
13
14
15
1.2
13.5
12.3
-1.1
11. 1
12.3
-11.7
-2.6
9.1
9.9
4.8
-5. 1
4.4
2.0
-2.4
18.9
3.7
-15.2
2.1
6.9
4.8
-3.1
5.7
8.8
-.1
-18.7
-18.6
18.5
14.0
-4.5
-13.5
-4.7
8.8
Fgn. bkg. off. in U.S. 13
Due fgn. affiliates 14
Less: cue froa aff.
15
16
17
18
5.4
3.4
2.0
3.0
3.4
-.4
10.5
10.3
•2
-1.8
-1.3
-.6
-2.9
-4.6
1.7
2. 1
1.9
.2
-3.0
-1.8
-1.2
-1.5
-2.9
1.4
-16.2
-14.4
-1.8
9.0
•6
8.4
-5.1
-4.6
-.5
less: Dep. at fgn. banks 16
17
0.S.-chartered banks
Fgn. bkg. off. in O.S. 18
19
20
21
22
23
24
25
-3.4
-12.4
12.6
2.7
13.3
-3.4
25.1
-2.4
-9.7
6.0
1.4
7.1
-2.4
15.7
15.7
-9.5
4. 1
-2.1
-9.5
15.7
13.5
-1. 1
-1.0
6.2
5.4
1.8
-1. 1
7.2
19.1
12.7
20.1
4.1
-3.1
19.1
7.4
-13.6
24.0
8.2
7.0
14.8
-13.6
-15.7
44.0
25.2
67.6
13.8
9.9
44.0
42.4
13. 1
-1.6
13.7
7.6
-7.0
13.1
15.3
-3.8
1.5
-12.5
.1
-8.7
-3.8
-14.0
23.2
25.5
11.5
-5.1
-6.6
23.2
-14.0
14.2
11.1
31.5
11.2
6.2
14.2
20.4
Coaaercial banking
To nonetary authority
Tc foreign banks, net
liabilities, net
0.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
♦Br. loans to O.S.
To O.S. banking, net
O.S.-chartered banks
Liabilities
To doa. affiliates
To fgn. offices
Unallocated
Less:Due froa fgn off.
Coaestic affiliates
26
-2.7
-1.4
2.1
-5.4
-4.1
-7.0
-13.8
-7.6
-.1
5. 1
-11.2
27
28
29
11.7
25. 1
13.3
8.6
15.7
7.1
23.0
13.5
-9.5
5.4
7.2
1.8
10.6
7.4
-3.1
-30.6
-15.7
14.8
32.5
42.4
9.9
22.3
15.3
-7.0
-5.3
-14.0
-8.7
-7.3
-14.0
-6.6
14.2
20.4
6.2
30
31
32
33
34
35
-26.1
-23.2
-3.0
-1.9
-2.3
.4
-13.3
-7.0
-6.3
-2.9
-2.7
-.2
-27.9
-30.1
2.3
.1
1.0
-.9
15.5
20. 1
-4.6
-1.0
-1.2
•2
16.1
10.5
5.6
2.0
-.7
2.7
75.8
74.8
1. 1
-1.2
-.8
-.4
12.0
20.3
-8.3
-4.7
.5
-5.2
16.3
4.6
11.8
7.5
-7.8
15.4
47.0
15.1
31.8
19.1
9.1
9.9
-11.0
2.0
-13.0
-14. 1
-4.6
-9.5
35.6 Net change in assets
Foreign
40.2
-4.6
Doaestic
Honetary authority
-9. 1
Federal Beserve float
.8
Ioans to aeaber banks
-10.0
36
37
38
-1.0
-2.3
1.3
-3.4
-2.2
-1.2
2.2
1.3
.9
-3.6
-5.0
1.5
3.6
.4
3.2
2.2
-9.0
11.3
-3.7
3.7
-7.3
4.2
11.8
-7.6
12.8
6.3
6.4
1.1
-20.3
21.4
4.6
22.0
-17.4
39
-3.4
-2.4
15.7
-1.1
19.1
-13.6
44.0
13. 1
-3.8
23.2
BILLIOHS OF DOLLABS.
1/85 BASED OM IBCOHPLETE INFOBHATION.
5
6
7
8
9
10
11
12
19
20
21
22
23
24
25
26
27
Fgn. bkg. off. in O.S.
Due to O.S. banks
28
Less:Due froa U.S.bks. 29
0.S.-chartered banks
Heaber bank reserves
Vault cash
14.2 Discrepancy:
Floats, etc.
30
31
32
33
34
35
36
37
38
39
JUNE 10, 1985
Deposit Clains
Deposit Clains
Monetary Clains On Financial Institutions
30
UNADJUSTED NET fLOWS(J HILL)
UNADJUSTED NET FLOWS($ HILL)
|
|
1983 |
IV |
1984
I
II
III
|
IV |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Currency and Checkable Deposits
8,430
-4,256
11,875
6,493
32,824 -23,729
18.7
24.8
30.2
32.7
35.8
1
2
3
4
5
Pvt. dones. sectors, by type
Currency
Denand deposits
Cther checkable
31,527
5,526
19,688
6,313
-5,702
465
-9,864
3,697
11,987 -9,821
5,593
-2
2,107 -10,694
4,287
875
42,709 -25,097
1,356
2,563
33,343 -32,570
6,117
6,803
16.2
6.3
9.2
.7
18.7
7.4
9.5
1.8
26.9
8.2
17.2
1.6
29.2
9.3
15.4
4.5
31.0
8.0
14.4
8.6
2
3
4
5
6
7
8
9
10
11
12
Pvt.dones.sectors, by holder
Pvt. donestic nonfinancial
Households
Business
State+local governnents
nail float
Financial sectors
31,527
26,025
5,556
6,176
14,293
5,502
-5,702
-4,727
7,000
-7,408
2,325
-6,644
-975
11,987 -9,821
7,521 -11,300
6,691
2,479
1,512 -4,107
270 -3,095
-952 -6,577
4,466
1,479
42,709 -25,097
39,911 -25,109
10,364 -2,777
8,097 -£,685
4,054 -2,405
17,396 -11,242
2,798
12
16.2
15.6
6.9
6.2
.8
1.6
.7
18.7
17.8
15.7
2.4
-.9
.6
.9
26.9
25.3
19.8
2.9
.8
1.8
1.6
29.2
25.4
22.4
4.5
-1.0
-.5
3.8
31.0 6
26.2 7
21.3 8
6.4 9
-1.5 10
-. 1 11
4.8 12
13
14
Foreign
U.S. governnent
1,119
-24,216
-136
1,582
155
-267
2,699
-1,331
-.3
2.8
3.2
3.0
2.4
.9
-.2
3.7
4.2 13
.5 14
35.8 15
1 Net change in total assets
15 Net change in liabilities
-423
2,437
16,737 -12,322
8,430
-4,256
11,875
6,493
32,824 -23,729
18.7
24.8
30.2
32.7
16
17
18
19
Honetary authority
-7,401
U.S. govt, cash + deposits -12,901
Foreign deposits
-26
Currency outside banks
5,526
576
63
48
465
6,229
733
-97
5,593
4,031
4,059
-26
-2
-551
-3,150
36
2,563
-884
-2,212
-28
1,356
10.7
4.5
*
6.3
10.6
3.1
•2
7.4
4.8
-3.3
*
8.2
6.3
-3. 1
.1
9.3
8.2
.1
.1
8.0
16
17
18
19
20
21
22
23
Connercial banking
U.S. governaent deposits
Foreign deposits
Private donestic deposits
13,861
-11,315
1,145
24,031
-5,970
1,519
-184
-7,305
30,802 -25,030
881
-9,172
2,401
2,727
37,573 -28,638
7.6
-1.7
-.3
9.6
13.4
-. 1
3.0
10.4
24.5
4.3
2.4
17.8
25.4
6.8
-.3
18.9
26. 4
.4
4.1
21.8
20
21
22
23
24
Savings institutions
1,970
1,138
.4
.9
1.0
1.0
———— ------1 Net change in liabilities
2
Connercial banks
3
Savings institutions
4
Savings and loan assns.
Mutual savings banks
5
6
Credit unions
7 Net change in assets
8
Households
9
State and local governnents
10
U.S. governnent
11
Credit unions
2,750
1,612
-1,000 12,678
-397
252
3,498 -10,669
2,896
850
2,573
2,185
Snail Tine and Savings Deposits
—--------- —
————...
1.2 24
———— ——— —————
41,554
24, 151
17,403
11,537
4, 146
1,720
37,628
13,313
24,315
17,307
1,500
5,508
32,105
18,806
13,299
12,108
-2,695
3,886
28,739
12,486
16,253
15,425
314
514
50,747
29,978
20,769
19,473
207
1,089
42,724
23,040
20,684
14,880
573
5,231
98.0
39.9
58. 1
41.6
11.0
5.5
121.6
54.6
66.9
48.7
12.5
5.8
94.6
28.2
66.4
48.6
10.4
7.3
65.4
13.2
52.2
38.8
7.5
5.9
61. 1
29.5
31.7
26.0
1.6
4.0
41,554
40,973
938
-108
-249
37,628
36,269
-504
140
1,723
32,105
31,640
-228
25
668
28,739
31,339
-793
98
-1,905
50,747
52,580
-1,055
269
-1,047
43,724
43,616
-1,342
92
1,358
98.0
97.0
•9
.1
*
121.6
116.2
5.1
•2
.1
94.6
95. 1
-1.6
•1
•8
65.4
66.0
-.1
.1
-.5
61. 1 7
59.9 8
-.6 9
. 1 10
1.8 11
1.3
*
•2
6.9
34.4
1
1
2
3
4
5
1
2
3
4
5
6
Honey Harket Hutual Fund Shares
Honey narket fund shares
1
Liab: rinance n.e.c.
Asset: Households
-457
11,228
3,854
5,129
26,978
-3,030
Large Tine Deposits
1 Net change in total liab.
2
Connercial banking
3
Donestic banks
4
Foreign banking offices
5
Savings institutions
6 Net change in assets
7
Pvt. donestic nonfinancial
8
Households
9
Business
State ♦ local governnents
10
Foreign
11
12
13
14
15
16
17
Financial sectors
Saving and loan assns.
Hutual savings ranks
Credit unions
Private pension funds
Honey narket funds
21,288
11,014
7,154
3,860
10,274
8,152
-5,177
2,521
-7,698
13,329
33,508
18,474
17,347
1,127
15,034
15,544
6,597
11,164
-4,567
8,947
18,882
5,961
2,869
3,092
12,921
-4,900
-6,259
-4,786
-1,473
1,359
-8.9
-9.9
-13.3
3.4
1.0
-13.9
-15.3
-15.6
.4
1.4
28.3
26.0
23.8
2.2
2.3
54.5
48.6
42. 1
6.4
5.9
27.8
13.8
10.2
3.6
14.0
21,288
18,548
9,659
9,319
-430
1,999
8, 152
11,301
9,746
2,276
-721
-759
33,508
24,398
28,180
-3,993
211
3,371
15,544
27,928
22,577
983
4,368
1,002
16,882
12,527
4,940
5,461
2,126
394
-4,900
-2,595
-£,133
-433
5,971
-30
-8.9
-13.8
-12.8
1.9
-2.9
1.5
-13.9
-11.0
-10.0
2. 1
-3.0
-1.9
28.3
26.4
13. 1
4.8
8.5
-.4
54.5
46.3
36. 1
2.0
8.2
1. 1
27.8 6
18. 8 7
14.5 8
4.7 9
-.4 10
1.2 11
741
343
242
23
600
-467
-2,390
-2,406
-331
25
3,768
-3,446
5,739 -13,386
-1,716 -3,685
-599
-256
37
32
3,922 -4,421
3,757 -4,718
5,961
2,308
-214
42
-278
4,103
-2,275
842
-300
48
-444
-2,421
3.4
4.5
.1
.5
-2.2
.5
-1.0
-1.4
—
-.2
1.3
-.7
2.3
.1
*
. 1
1.8
.3
7. 1
.4
.3
•
3.6
2.7
7. 8 12
-2.2 13
-.3 14
♦ 15
2.8 16
7.5 17
Federal Funds and Seccrity Bepurchase Agreeaents
1 Net change in liabilities
2
Connercial banks
3
Savings and loan assns.
4 Net change in assets
5
Nonfinancial corporations
6
State and local governnents
7
Sponsored credit agencies
8
Savings and loan assns.
9
Hutual savings banks
10
Other insurance conpanies
11
Honey narket funds
12 Discrepancy-unallocated assets
8,845
3,062
5,783
9,496
6,258
3,238
-306
-9,666
9,360
7,460
1,999
5,461
-358
-1,110
752
-€,601
-4,777
-1,824
3.5
3.5
.1
13.6
13.6
-. 1
10.9
9.0
1.9
21.6
19.5
2. 1
16. 1
15.6
.5
8,457
9,098
522
-1,035
114
-474
2,002
-1,770
10,426
-1,431
1,079
710
2,550
1,621
1,306
4,591
2,523
3,001
-1,984
-533
1,168
-604
1,888
-413
8,691
-4,198
247
7,425
1,284
238
353
3,342
3,445
-1,922
-1,619
1,741
2,856
49
220
2,120
-4,671
331
-141
-2,811
-3,196
-217
742
621
-1. 1
-.8
1.0
-.3
-1.0
-. 1
.1
4. 2
2.3
.3
1.2
•4
—
*
5.4
1.2
1.0
.2
2.3
.6
.1
10.7
5.5
2.0
1.4
1.7
*
—
.1
12.7 4
2.6 5
4.0 6
.6 7
2.5 8
•9 9
— 10
2. 1 11
388
-930
-2,829
-1,231
-3,803
-1,930
4.6
9.3
5.5
10.9
3.4 12
1
2
3
U.S. Deposits in Foreign Countries
1 Total foreign liability
Held by:
Nonfinan. corporate business
Honey narket funds
2
3
3,353
459
1,332
2,021
-1,417
1,876
1/85 BASED ON INCOHPLETE INFORHATION.
-2,526
-539
-4,990
744
•8
1.7
1.3
2.4
6. 1
1
-1,723 -1,219
-803
680
-2,539
-2,451
1,000
-256
.8
-
1.7
-
1.3
*
2.0
.5
1.5
4.6
2
3
JOSE 10, 1985
Deposit Clains
Deposit Clains
Honetary Claias On Financial Institutions
3i
SEASONALLI ADJOSTED ANNOAL BATES
SEASONALLI ADJOSTED ANNOAL BATES
I
1980
1981
1982
1983
1984
I
IV
1
III
|
IV |
19fi4
1983 1
I
II
1985
I
Currency and Checkable Deposits
1
1
16.2
28.2
37.8
39.5
46.9
-27.6
92.8
37.9
-12.9
70.0
2
3
4
5
19.8
10.3
-.8
10.3
31.9
9.5
-28.8
51.2
34.7
9.7
-1.1
26. 1
44.5
14.3
3.0
27.2
39.2
8.6
14.9
15.7
21.0
10.2
-14.4
25.3
69.2
14.1
40.3
14.8
58.8
21.3
20.3
17.1
-32.1
1.8
-37.4
3.5
60.8
-2.7
36.3
27.2
-6.7
18.4
-49.6
24.5
Pvt. dones. sectors, by type
Currency
Deaand deposits
Other checkable
6
7
8
9
10
11
12
19.8
15.5
10.1
3.9
-.8
2.3
4.3
31.9
27.5
35.4
-10.4
-1.6
4.1
4.4
34.7
25.4
16.4
9.6
-3.7
3.2
9.3
44.5
36.0
39.7
-.4
-3.5
. 1
8.6
39.2
31.4
26.5
-1.9
3.6
3.2
7.8
21.0
4.4
16.4
-.5
-6.8
-4.7
16.6
69.2
67.2
38.6
4.4
16.9
7.3
2.0
58.8
41.5
40.9
1.1
-5.6
5.1
17.3
-32.1
-38.1
-10.2
-19.9
-6.8
-1.2
6.0
60.8
55.0
36.8
6.7
9.8
1.7
5.8
-6.7
-15.8
.7
•6
-2.2
-12.0
6. 1
Pvt.dones.sectors, by holder 6
Pvt. doaestic nonfinancial 7
8
Households
Business
9
State+local governaents 10
11
Bail float
Financial sectors
12
13
14
*
-3.6
-3.8
.1
-3.7
6.8
1.6
-6.7
2.0
5.7
2.6
-51.2
2.4
21.2
-5.7
-15.2
2.6
16.6
8.8
.3
15.6
9.2
15
16.2
28.2
37.8
39.5
46.9
-27.6
92.8
37.9
-12.9
70.0
15.0 Net change in liabilities
16
17
18
19
9.0
-1.1
-.2
10.3
10.9
1.2
.1
9.5
10.2
.7
-.2
9.7
13.0
-1.3
*
14.3
10.3
1.7
*
8.6
-21.4
-31.4
-.3
10.2
21.7
7.3
•4
14. 1
17.8
-3. 1
— .4
21.3
-5.1
-6.7
-.2
1.8
6.7
9.4
*
-2.7
17.0
-1.5
*
18.4
20
21
22
23
5.1
-2.6
.3
7.4
8.6
-1.1
-3.9
13.7
19.2
6.1
-3.4
16.5
15.9
-5.3
1.6
19.7
29.2
4.0
2.1
23.1
-14.0
-19.8
2.8
2.9
66.5
14.0
2.0
50.5
8.5
-12.1
-5.3
25.9
-11.3
23.3
2.8
-37.3
53.0
-9.0
8.8
53.2
-10.7
10.6
12.5
-33.8
24
2.0
8.7
8.4
10.6
7.5
7.9
4.6
11.6
3.4
10.3
8.7
15.0 Net change in total assets
Foreign
O.S. governnent
2
3
4
5
13
14
15
Honetary authority
U.S. govt, cash ♦ deposits
Foreign deposits
Currency outside banks
16
17
18
19
Coaaercial banking
O.S. governnent deposits
Foreign deposits
Private doaestic deposits
20
21
22
23
Savings institutions
24
Snail Tine and Savings Deposits
1
2
3
4
5
6
86.6
44.8
41.7
29.0
5.4
7.3
47.5
40.3
7.2
4. 1
.9
2.2
139.8
97.0
42.8
29.3
4. 1
9.4
217.3
130.0
87.4
66.2
7.7
13.5
149.2
74.6
74.6
64.3
-.7
11.0
143.7
80.7
63.0
39. 1
13.3
10.6
70.6
-4.6
75.1
57.3
.7
17.1
176. 1
110.4
65.7
60.2
-7.3
12.8
174.6
92.3
82.2
69.4
6.9
5.9
175.6
100.2
75.4
70.3
-3. 1
8.2
84.6 Bet change in liabilities
26.5
Coanercial banks
Savings institutions
58.1
46.4
Savings and loan assns.
-3.8
Hutual savings banks
15.4
Credit unions
7
8
9
10
11
86.6
83.2
-.3
-.2
3.9
47.5
46.9
.1
-.1
.6
139.8
136.7
1.5
.5
1.1
217.3
213.8
5.3
-.5
-1.3
149.2
151.8
-2.6
.5
-.6
143.7
138.7
3.8
—.4
1.7
70.6
71.9
-2.0
.6
.1
176. 1
177.0
-.9
.1
*
174.6
178.1
-3.2
•4
-.7
175.6
180.4
-4.2
1. 1
-1.6
84.6 Net change in assets
91.6
Households
-5.4
State and local governnents
•4
O.S. governaent
Credit unions
-2.0
7
8
9
10
11
15.4
20.5
107.9
Honey narket fund shares
Liab: Finance n.e.c.
Asset: Households
1
1
2
3
4
5
6
Honey Harket Hutual Fund Shares
1
29.2
107.5
24.7
-44.1
47.2
-1.8
44.9
large Tine Deposits
-----— ———------------- —----- —------ ——-------------- —
1
2
3
4
5
61.0
47.2
39.3
7.9
13.8
6
7
8
9
10
11
12
13
14
15
16
17
--------
-15.1
——
61.8
51.5
43.9
7.6
10.2
3.4
-8.8
2.3
-11.1
12. 1
-18.1
-52.3
-38.7
-13.6
34.2
76.1
25.9
33.9
-8.0
50.2
69.0
27.9
12.5
15.4
41. 1
93.8
40.5
71.3
-30.8
53.3
109.3
49.2
44.7
4.5
60. 1
39.7
3.9
22.1
-18.3
35.8
61.5
9.9
-2.5
12.4
51.7
50.6 Net change in total liab.
Coanercial banking
45.2
Donestic banks
51.0
Foreign banking offices
-5.9
5.4
Savings institutions
61.0
45.8
43.2
4.0
-1.4
1.2
61.8
36.9
19.7
14.9
2.3
2.3
3.4
-7.7
-17.5
5.3
4.5
6.8
-18. 1
-7.5
-15.3
16.6
-8.8
.5
76.1
76.2
65.4
4.7
6.0
4.0
69.0
64. 1
45.5
23.9
-5.3
3.8
93.8
107.1
104.3
14.1
-11.3
-1.2
109.3
77.7
72.9
-8.5
13.2
10.9
39.7
77.0
54.3
5.7
16.9
9.5
61.5
42.9
30.2
7.6
5.1
-3.2
50.6 Net change in assets
60.4
Pvt. doaestic nonfinancial
41.0
Households
Business
3.5
15.9
State ♦ local governnents
1.9
Foreign
14.0
2.5
V
2.1
.4
9.0
22.6
-.7
-.1
-.7
1.2
22.8
4.2
7.2
1.4
-1.3
-3.1
-11. 1
1.2
-4. 1
-5.5
-1.4
.1
3.0
-.3
1. 1
-.5
1.0
.1
2.4
-1.9
-12.0
-12.1
-1.3
.1
15. 1
-13.8
20.7
-9. 1
-1.0
.1
15.7
15.0
-46.8
-8.0
-2.4
.1
-17.7
-18.9
21.8
7.2
-.9
.2
-1. 1
16.4
♦
*
4. 4
-16.8
-11.7
.8
-1.2
•2
-1.8
-9.7
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Honey narket funds
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Federal Funds and Security Repurchase Agreeaents
1
2
3
19.9
17.8
2.1
16.2
13.1
3.0
9.5
10.7
-1.2
24.0
10.2
13.9
16.3
-2.5
18.8
29.7
6.6
23. 1
40.4
27.4
13.0
7. 1
-30.3
37.4
27.2
5.4
21.8
-9.5
-12.5
3.0
4
5
6
7
8
9
10
11
11.5
6.6
*
1.8
-.7
•6
3.2
20.7
2.5
3.5
4.2
1.5
.1
8.9
15.3
3.7
.1
5.4
•4
*
4. 0
1.7
23.8
11.2
3.0
-2.3
5.9
-.6
9.6
-3.2
25.1
-4.6
-2.3
9.3
7.9
1.3
3.8
9.6
36.4
36.4
2. 1
-4. 1
.5
.7
8.0
-7. 1
38.4
-5.7
4.3
2.8
10.2
3.2
5.2
18.4
10.7
12.0
-7.9
-2. 1
4.7
-1.8
7.6
-1.7
35.2
-16.8
1.0
29.7
5.1
1.4
1.4
13.4
16.0
-7.7
-6.5
7.0
11.4
2.4
.9
8.5
12
8.4
-4.5
-5.8
•3
-8.8
-6.7
1.9
-3.6
-8.0
-25.6
-1.5 Discrepancy-unallocated assets 12
3.0 Total foreign liability
Held by:
Nonfinan. corporate business
4.0
Honey narket funds
-1.0
♦
-23.3 Net change in liabilities
Coanercial banks
-16.0
Savings and loan assns.
-7.3
-21.8 Net change in assets
1.3
Nonfinancial corporations
-.6
State and local governaents
Sponsored credit agencies
-11.2
-12.8
Savings and loan assns.
Hutual savings banks
-3.9
ether insurance coapanies
3.0
Honey narket funds
2.5
1
2
3
4
5
6
7
8
9
10
11
O.S. Deposits in Foreign Countries
1
2.8
12.6
2.4
3.0
-7.6
13.4
1.8
-10.1
-2.2
-20.0
2
3
1.1
1.7
.5
12.1
-2.5
4.9
4.8
-1.8
-6.9
-.7
5.3
8. 1
-5.7
7.5
-6.9
-3.2
-4.9
2.7
-10.2
-9.8
BILLIONS OF DOLLARS.
1/85 BASED ON INCOHPLETE INFOBHATION.
1
2
3
was. iv f IJUJ
O.S. Governaent Securities
O.S. Governaent Securities
O.S. Governaent Securities Harket Suaaary
32
UNADJUSTED HET FLOWS ($ HILL)
UNADJUSTED KET FLOWS {$ HILL)
|
1
1983 |
IV 1
1984
I
|
IV |
III
II
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Total Het Issues, by Sector and Type
1 Total O.S. governaent secur.
O.S. governaent
2
Spons. agencies ♦ atg. pools
3
52,669
36,200
16,469
66,131
49,464
16,667
47,915
31,190
16,725
78,726
54,076
24,650
80,482
64,172
16,310
59,511
41,852
17,659
94.9
85.5
9.4
83.8
69. 1
14.6
79.9
56.9
23.1
90.5
53.8
36.7
84.8
37.5
47.3
1
2
3
By instruaents
Treasury issues
Household savings bonds
Treas. excl. savings bonds
36,209
920
35,289
49,501
764
48,737
31,202
688
30,514
54,083
761
53,322
64,183
817
63,366
41,866
928
40,938
85.8
4.0
81.8
69. 1
4.7
64.5
57.6
4.7
52.9
55.1
3.9
51.2
38.8
-.8
39.6
4
5
6
16,460
-9
•
16,630
-37
16,713
-12
24,643
-7
•
16,299
-11
17,645
-14
•
9.0
-.3
-. 1
14.6
.1
-. 1
22.3
-.5
-.2
35.3
-1.1
-.3
46.0
-1. 1
-.2
7
8
9
3,200
13,269
5,543
11,124
9,045
7,680
12,456
12,194
3,386
12,924
3,259
14,400
2.3
7.1
2.5
12.2
7.0
16. 1
23.1
13.6
24.3 10
23. 1 11
4
5
6
7
8
9
10
11
Other
Budget agency issues
Loan participations (1)
Spons. agency issues (2)
Mortgage pool secur. (2)
Total Het Purchases, by Sector and Type
1 Total purchases, by sector
2
O.S. govt, (agency secur.)
3
Sponsored credit agencies
4
Treasury
5
Agency securities
52,669
•
-1,685
-1,862
177
66,131
47,915
—
982
761
221
78,726
—
-3,195
-3,524
329
80,482
2,374
2,404
-30
59,511
—
-863
-488
-375
94.9
—
1.5
1.5
*
83.8
440
732
-292
1.5
1.5
a
79.9
—■
-3.8
-3.4
-.4
90.5
—
.6
.5
.1
84.8
—
.2
-.2
.4
1
2
3
4
5
6
7
-3,916
-3,481
-435
-1,423
-1,128
-295
1,988
2,045
-57
2,151
2,159
-8
6,116
5,832
284
—272
133
-405
8.4
7.4
1.0
10.0
9.1
.9
7.2
5.8
1.4
7.3
7.7
-.4
7.6
6.9
.7
6
7
8
6,154
4,838
1,316
24
910
-886
5,190
3,602
J, 588
4,005
107
3,898
17,310
2,389
14,921
-6,547
-5,121
-1,426
8.1
6.6
1.5
11.6
3.3
8.3
31.5
8. 1
23.4
28.2
13.9
14.3
-14. 1 9
-18.5 10
4.5 11
52,116
35,398
16,718
67,090
49,873
17,217
39,755
23,206
16,549
75,765
51,443
24,322
54,682
38,637
16,045
67,193
46,768
18,425
76.9
68.8
8.1
60.7
47.0
13.7
45. 1
23.8
21.3
54.3
18.7
35.7
91. 1 12
46.2 13
44.9 14
16,738
10,612
920
9,692
6,126
28,790
24,944
764
24,180
3,846
32,775
30,628
688
29,940
2,147
46,105
32,099
761
31,338
14,006
14,075
6,004
817
5,187
8,071
28,521
18,799
928
17,871
9,722
18.2
22.8
4.0
18.7
-4.6
12.5
7.9
4.7
3.3
4.6
23.3
16.5
4.7
11.7
6.9
33.5
21.0
3.9
17. 1
12.5
52.5
30.6
-.8
31.4
22.0
15
16
17
18
19
5,890
874
920
-46
5,016
25,176
22,289
764
21,525
2,887
24,187
23,197
688
22,509
990
40,279 -13,132
27,335 -20,037
761
817
26,574 -20,854
12,944
6,905
16,184
5,619
928
6,691
8,565
11.5
14.9
4.0
10.9
-3.4
6.3
3.6
4.7
-1.0
2.7
18.5
12.9
4.7
8.2
5.5
20.7
14.5
3.9
10.6
6. 1
35.4
19.0
-.8
19.8
16.4
20
21
22
23
24
Federal Beserve Systea
Treasury issues
Agency issues
9
10
11
Foreign
Short-tern narketable
Other
12
13
14
Total private doaestic
Treasury issues
Agency issues
15
16
17
18
19
Private doaestic nonfinan.
Total treasury issues
Savings bends (HH)
Other treasury issues
Agency issues
20
21
22
23
24
Households
Total treasury issues
Savings bonds
Other treas. issues
Agency issues
25
26
27
Nonfin. corp, business
Treasury issues
Agency issues
551
562
-11
5,900
5,916
-16
-1,405
-1,386
-19
-168
-145
-23
6,054
6,080
-26
3,069
3,098
-29
8.7
9.5
-.8
2. 1
2.1
a
-6.4
-6.0
— .4
1.5
.8
.7
1.6 25
2.8 26
-1.3 27
28
29
30
State and local govts.
Treasury issues
Agency issues
10,297
9,176
1,121
-2,286
-3,261
975
9,993
8,817
1,176
5,994
4,909
1,085
21,153
19,961
1,192
7,268
6,082
1,186
-2.1
-1.7
— .4
4. 1
2.2
1.9
11.3
9.6
1.7
11.3
5.7
5.6
15.6 28
8.7 29
6.8 30
4,646
6,232
-1,586
7,333
8,763
-1,430
-7,185
-7,303
118
397
-460
857
749
1,549
-800
11,073
9,552
1,521
30.0
28.6
1.4
20.2
18.7
1.5
-1. 1
-1.9
.8
.5
-6.5
7.0
7.9 31
.4 32
7.6 33
4,140
387
119
7,451
-252
134
-7,213
-119
147
152
85
160
918
-343
174
12,000
-1,114
187
30. 1
-.2
.1
19.6
.5
.1
-1.3
-.1
.2
.1
.5
-. 1
7.4 34
.5 35
a 36
31
32
33
34
35
36
Coaaercial banking
Treasury issues
Agency issues
Coaaercial banks
Foreign banking offices
Banks in 0.S.possessions
37
Private nonbank finance
30,732
30,967
14,165
29,263
39,858
27,599
28.8
28.0
22.9
20.3
30.6 37
38
39
40
Total pvt. nonbank finance
Treasury issues
Agency issues
30,732
18,554
12,178
30,967
16,166
14,801
14,165
-119
14,284
29,263
19,804
9,459
39,858
31,084
8,774
27,599
20,417
7,182
28.8
17.4
11.3
28.0
20.3
7.7
22.9
9.3
13.6
20.3
4.2
16. 1
30.6 38
15.2 39
15.4 40
41
42
43
Savings and loan assns.
Treasury issues
Agency issues
6,374
2,770
3,604
15,703
6,704
8,999
6,705
-2,894
9,599
7,820
3,582
4,238
2,061
2,759
-698
2,622
1,966
656
4.7
.6
4. 1
5.6
4.9
.7
3.9
-1.0
4.9
4.6
a
4.6
1.0 41
-2.9 42
3.9 43
44
45
46
Hutual savings banks
Treasury issues
Agency issues
1,803
416
1,387
507
262
245
-518
-74
-444
-232
-283
51
498
-132
630
622
296
326
3.9
2.2
1.7
4.0
1. 1
2.9
2.6
.1
2.6
•8
-.9
1.7
1.2 44
-.2 45
1.3 46
47
48
49
credit unions
Treasury issues
Agency issues
-269
-189
-80
1,401
1,322
79
-382
-400
18
-1,361
-1,439
78
-1,749
-1,833
84
1,397
1,292
105
1.1
.3
•8
•6
•2
.5
.5
. 1
.4
.1
-.4
.5
a 47
. 1 48
-. 1 49
50
51
52
Life insurance companies
Treasury issues
Agency issues
7,835
4,123
3,712
3,966
2,420
1,546
2,760
1,010
1,750
5,537
3,520
2,017
9,363
6,384
2,979
5,675
4,030
1,645
1.7
1.4
•4
1.5
.6
.9
1.6
-. 1
1.7
2.0
-.5
2.5
2.9 50
. 1 51
2.8 52
53
54
55
Private pension funds
Treasury issues
Agency issues
5,828
4,693
1,135
2,769
261
2,508
3,255
2,063
1,192
6,039
4,744
1,295
6,615
4,898
1,717
6,491
4,532
1,959
12.5
9.5
3.1
7.3
6.8
.6
6.7
5.9
•8
4.9
2.9
2.0
11.6 53
6.6 54
5.0 55
56
57
58
St.+local govt.rtr.funds
Treasury issues
Agency issues
4,841
2,978
1,863
6,671
5,997
674
6,197
4,283
1,914
6,105
5,179
926
6,356
3,024
3,332
6,505
4,554
1,951
1.6
1.0
.7
3.1
1.5
1.6
5.5
2.7
2.7
7. 1
2.7
4.4
6.6 56
5.3 57
1.4 58
59
60
61
ether insurance cos.
Treasury issues
Agency issues
1,282
725
557
1,618
868
750
408
153
255
2,465
1,611
854
1,888
1,158
730
1,575
1,035
540
2.5
1.9
.6
3. 1
2.6
.6
3.0
2.5
.5
1.2
.7
.5
1.3 59
.2 60
1.1 61
62
63
Hutual funds (Treasury)
Honey akt.funds (Treas.)
Security brokers and
Dealers (Treasury)
92
2,118
1,390
-1,092
1,393
-3,583
2,045
170
-126
10,570
419
1,529
a
.8
a
.2
.2
-.3
-.2
.6
a 62
4.2 63
828
-1,966
-2,070
675
4,382
764
-.1
2.4
-.7
-.8
1.9 64
64
(1) Where not shown separately, loan participations are included with
agency issues.
(2) These issues are outside the budget and outside the U.S. governae
sector in flow of funds accounts. They are included in credit
aarket debt of financial institutions.
1/85 BASED ON IHCOHPLETE
INFOBHATION,
JUNE 10, 1905
0. S. Govecnaent Secerities
O.S. Governaent Securities
O.S. Governaent Securities Harket Suaaary
33
SEASOBALLT ADJOSTED AHHOAL BATES
SBASOHALLT ADJUSTED AHHOAL SATES
1980
1981
1982
1983
1984
|
1
1983 |
IT 1
1984
I
II
III
1
IT |
1985
1
Total Het Issues, by Sector and Type
1
2
3
122.9
79.3
43.6
133.0
87.5
45.5
225.9
161.4
64.5
254.4
186.6
67.8
273.3
198.9
74.4
206.6
137.0
69.6
269.0
191.4
77.6
224.3
163.6
60.7
275.3
186.4
88.9
324.4
254.1
70.3
250.8 Total O.S. governaent secur.
167.7
O.S. governaent
Spons. agencies ♦ atg. pools
83.1
1
2
3
4
5
6
79.8
-7.3
87.1
87.8
-4.3
92.2
162. 1
.2
162.0
186.7
3. 1
183.5
199.0
3.0
195.9
137.1
2.3
134.8
191.6
4.7
186.9
163.7
2.5
161.2
186.4
2.9
183.6
254.2
2.0
252.2
167.8
5.3
162.5
By instruaent:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
4
5
6
7
8
9
43.1
-.3
-.2
45.2
-.3
-.1
63.7
-.2
-.5
67.8
4>
-
74.3
-.1
-
69.6
♦
60.6
♦
-
77.4
-.1
-
-
88.8
*
-
70.2
*
-
83.0
-.1
-
10
11
24.4
19.2
30.5
15.0
14.9
49.5
1.4
66.4
30.4
43.9
16.2
53.4
34.9
42.7
26.8
33.9
42.1
46.7
18.0
52.3
27.6
55.4
Other
Budget agency issues
Loaa participations (1)
7
8
9
Spons. agency issues (2)
Hortgage pool secur. (2)
10
11
250.8 Total purchases, by sector
—
U.S. govt, (agency secur.)
Sponsored credit agencies
-.5
Treasury
1.0
-1.5
Agency securities
1
2
3
4
5
Total Het Purchases , by Sector and Type
1
2
3
4
5
122.9
—
.7
.4
.2
133.0
.4
•2
•2
225.9
—
1.4
1.5
-.1
254.4
— ’
-1.3
-.8
-.4
273.3
.6
•4
•2
206.6
-2.4
-3.1
.7
269.0
—
3.8
4.9
-1.2
224.3
—
5.8
5.0
•9
275.3
—
-21.9
-23.2
1.3
324.4
—
14.7
14.9
-. 1
6
7
8
4.4
3.9
•6
9.8
9.6
.1
8.5
8.4
.1
12.0
12.6
-.7
8.8
8.9
-. 1
-17.3
-15.5
-1.7
21.3
22.4
-1.2
11.5
11.8
-.2
-19.9
-19.9
♦
22.5
21.4
1.1
27.8
29.5
-1.6
9
10
11
10.6
12.3
-1.7
7.0
-2.5
9.5
8.0
-.9
8.9
16.9
14.0
2.9
26.5
7.0
19.5
22.9
13.5
9.3
-1.3
8.4
-9.8
25.8
22.2
3.6
14.5
-5.4
19.9
67.1
2.8
64.3
-27.7
-15.0
-12.7
foreign
Short-tera aarketable
Other
9
10
11
12
13
14
107.2
64.9
42.3
115.8
70.9
44.9
207.9
144.2
63.6
226.9
158.0
68.9
237.3
163.2
74.1
203.5
132.9
70.6
245.4
165.6
79.8
181.1
121.2
60.0
302.7
215.1
87.6
220.0
150.8
69.2
251.2
165.0
86.1
Total private donestic
Treasury issues
Agency issues
12
13
14
15
16
17
18
19
24.6
15.9
-7.3
23.3
8.7
29.3
2 1.9
-4.3
26.2
7.4
37.4
36.0
.2
37.9
-.7
88.7
74.9
3. 1
71.7
13.8
121.7
93.7
3.0
90.6
28.1
70.9
44.7
2.3
42.4
26.2
119.5
91.8
4.7
87.0
27.7
143.0
141. 1
2.5
138.6
1.9
157.4
109.3
2.9
106.4
48.2
67.0
32.6
2.0
30.6
34.4
128.2
74.9
5.3
69.7
53.3
20
21
22
23
24
13.4
6.5
-7.3
13.9
6.9
24.3
19.8
-4.3
24.2
4.5
11.5
19.9
.2
19.7
-8.3
50.7
42.2
3. 1
39.0
8.5
76.5
52.8
3.0
49.8
23.7
34. 1
12.3
2.3
10.0
21.8
89.0
65.1
4.7
60.4
23.9
136.2
138.9
2.5
136.4
-2.7
114.3
70.4
2.9
67.5
43.9
-33.5
-63.3
2.0
-65.2
29. 8
68.5
19.9
5.3
14.6
48.6
Bouseholds
Total treasury issues
Savings bonds
Other treas. issues
Agency issues
20
21
22
23
24
25
26
27
3.4
2.9
.5
3.0
3.0
♦
3.2
3.1
.1
4.4
4.5
*
10.4
10.5
-.1
-1.3
-1.2
*
19.4
19.5
-.1
-.7
-.7
-. 1
3.8
3.9
-.1
19.1
19.2
-.1
7.2
7.3
-.1
lonfin. corp, business
Treasury issues
Agency issues
25
26
27
28
29
30
7.9
6.5
1.4
1.9
-1.0
2.9
22.6
15.0
7.6
33.6
28.2
5.3
34.9
30.4
4.4
38.1
33.6
4.5
11.1
7.2
3.9
7.5
2.8
4.7
39.3
35.0
4.3
81.5
76.7
4.8
52.5
47.7
4.7
State and local govts.
Treasury issues
Agency issues
28
29
30
31
32
33
25.6
15.9
9.7
11.7
1.9
9.8
27.7
20.4
7.3
46.3
45.5
.7
1.3
2.5
-1.3
12.5
18.4
-5.9
15.6
22.1
-6.6
-24.8
-25.9
1.1
17.3
14.7
2.5
-2.9
-.7
-2.1
27.2
22.7
4.6
34
35
36
25.0
.5
.1
11.4
•6
-.3
26.7
•8
•2
44.2
1.7
•4
1.3
-.6
.6
10.5
1.5
.5
16.0
-1.0
.5
-24.9
-.5
•6
16.3
.3
•6
-2.2
-1.4
.7
31.0
-4.5
.7
37
——
38
39
40
56.9
74.9
142.8
91.9
114.3
120.0
110.3
62.9
128.0
155.9
95.7
Private nonbank finance
56.9
33.0
23.9
74.9
47.2
27.7
142.8
85.8
57.0
91.9
37.6
54.3
114.3
66.9
47.3
120.0
69.8
50.3
110.3
51.7
58.6
62.9
6.0
56.9
128.0
91.1
36.8
155.9
119.0
36.9
95.7
67.4
28.3
Total pvt. nonbank finance 38
39
Treasury issues
40
Agency issues
41
42
43
13.8
5.7
8.1
3.1
-3.5
6.6
37.4
7.5
29.8
44.6
14.8
29.8
32.3
10.2
22.1
20.2
5.8
14.4
59.0
23.0
36.0
26.7
-11.7
38.4
41.3
24.4
17.0
2. 1
4.9
-2.8
6.4
3.8
2.6
44
45
46
3.3
.8
2.5
.9
-.2
1.2
1.9
.7
1.2
9.8
3.8
6.0
.3
-.2
.5
8.6
2.5
6. 1
-.6
-2.0
1.4
-2.2
.7
-2.9
.3
.1
.2
3.5
.3
X2
-.5
-2.4
2.0
47
48
49
4.3
3.2
1.1
1.2
.7
.5
8.8
8.4
•4
10.0
10.0
*
-2.1
-2.4
.3
-1. 1
-.8
—.3
5.6
5.3
.3
-1.5
-1.6
.1
-5.4
-5.8
.3
-7.0
-7.3
.3
5.6
5.2
•4
50
51
52
2.7
1.0
1.8
5.5
2.3
3.1
12.7
8.4
4.3
19.3
12.1
7.2
21.6
13.3
8.3
28.9
14.0
14.8
12.0
5.8
6.2
15.2
8.2
7.0
25.0
16.9
8.1
34.3
22.4
11.9
18.5
11.9
6.6
Life insurance coapanies 50
51
Treasury issues
Agency issues
52
53
54
55
19.5
13.0
6.5
26.2
15.9
10.3
35.7
25.4
10.3
15.5
10.2
5.3
18.7
12.0
6.7
26.4
20.8
5.6
8.9
-.1
9.0
13.8
8.1
5.6
22.0
17.8
4.2
30.0
22.0
8.0
23.8
17.1
6.8
Private pension funds
Treasury issues
Agency issues
56
57
58
9.9
6.2
3.7
11.8
6.6
5.2
18.9
9.3
9.5
17.5
13.6
3.9
25.3
18.5
6.8
19. 4
11.9
7.5
26.7
24.0
2.7
24.8
17. 1
7.7
24.4
20.7
3.7
25.4
12. 1
13.3
26.0
18.2
7.8
St.*10031 govt.rtr.funds 56
57
Treasury issues
Agency issues
58
59
60
61
1.8
1.6
.2
2.2
1.4
•8
2.2
.6
1.5
5.5
3.3
2.2
6.4
3.8
2.6
5.5
3.3
2.2
5.3
2.3
3.0
3.2
2.2
1.0
8.8
5.4
3.4
8.2
5.3
2.9
5.0
2.8
2.2
Cther insurance cos.
Treasury issues
Agency issues
62
63
.3
2.6
.9
23.7
2.3
22.7
•6
-18.4
4.7
6.1
.4
8.5
5.6
-4.4
5.6
-14.3
8.2
.7
-.5
42.3
1.7
6. 1
64
-1.4
-.6
.4
-12.4
1.0
3.3
-7.9
-8.3
2.7
17.5
3.1
62
Butual funds (Treasury)
Boney nkt.funds (Treas.) 63
Security brokers and
64
Dealers (Treasury)
BILLIOHS OT DOLLARS.
—
federal Beserve Systea
Treasury issues
Agency issues
Private doaestic nonfinan.
Total treasury issues
Savings bonds (HH)
Other treasury issues
Agency issues
Coaaercial banking
Treasury issues
Agency issues
15
16
17
18
19
31
32
33
34
Coaaercial banks
foreign banking offices 35
Eanks in U.S.possessions 36
37
Savings and loan assns.
Treasury issues
Agency issues
41
42
43
Butual savings banks
Treasury issues
Agency issues
44
45
46
Credit unions
Treasury issues
Agency issues
47
48
49
(1) Where not shown separately, loan participations are included with
agency issues.
(2) These issues are outside the budget aad outside the O.S. governue
sector in flow of funds accounts. They are included in credit
aarket debt of financial institutions.
1/85 BASED OH IHCOHPLETE IHPOBHATIOH.
6
7
8
53
54
55
59
60
61
JUNE 10, 1985
Private Secarities
Private Securities
34
lax-Exeapt Debt and Corporate and Poreign Securities
UNADJUSTED NET FLOBS(S HILL)
UNADJUSTED NET FLOBS ($ BILL)
|
J
1983 |
IV 1
1984
I
II
III
|
IV |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
Tax-Exeapt Debt Securities and Loans
—— — — —
———------------ ————■————
1979
————
15,010
10,449
-1,368
11,817
1,905
-2,688
-4,800
2, 112
9,057
4,182
-1,380
5,562
17,507
11,213
-1,290
12,503
30,465
16,314
-986
17,300
12,691
7,627
-4,800
12,427
16.1
12. 1
-.3
12.4
15.7
11.2
-4. 1
15.2
21.9
11.8
-2.9
14.7
28.4
18. 1
•6
17.5
30.3
17.4
1.0
16.5
1
2
3
4
2,540
2,021
2,593
2,000
2,656
2,219
2,930
3,364
3,192
10,959
2,664
2,400
1.4
2.6
2.0
2.5
3.4
6.7
2.6
7.7
2.9
10.0
5
6
7 Net change in assets
8
Households
Nonfin. corporate business
9
10
State+local govt. gen. funds
15,010
7,426
43
-197
1,905
-2,684
-48
261
9,057
8,586
-105
-19
17,507
8,929
57
196
30,465
17,839
-39
329
12,691
6,259
73
119
16. 1
6.2
-.2
2.4
15.7
2.0
-1. 1
2.4
21.9
-1.5
•
.6
28.4
4. 1
•2
-.7
30.3 7
10.4 8
* 9
-.5 10
11
12
13
Coaaercial banking
Savings and loan assns.
Hutual savings banks
5,438
10
-67
-611
-92
-110
-338
-98
-30
5,484
-75
15
7,926
34
25
-6,775
15
1.8
1.0
•6
3.0
-.3
•9
9.2
*
.4
5.6
.1
.5
9.5 11
-. 1 12
-.4 13
14
15
16
17
Insurance
Life insurance coapanies
State+local govt.rtr.funds
ether insurance coapanies
-582
-36
-466
-80
-1,079
-727
-375
23
10
-46
-6
62
138
8
-65
195
437
536
-345
246
587
199
34
354
4.4
•8
1.0
2.6
7.9
1. 1
1.4
5.4
11.4
.5
.2
10.7
14.3
.4
•4
13.5
9.9 14
♦ 15
* 16
9.9 17
18
19
Hutual funds
Brokers and dealers
2,939
-
6,168
100
1,251
-200
2,363
400
3,614
300
12,813
-400
-.1
.5
.3
1.6
•2
.5
-.2
1.4 18
• 2 19
1 Net change in liabilities
State and local governaents
2
3
Short-tera
4
Other
5
6
Households 6 nenprof. org.
Nonfin. corporate business
(Industrial revenue bonds)
Corporate and Foreign Bonds
1 Net issues
2
Nonfin. corporate business
3
Foreign
9,380
3,486
744
7,170
6,506
-273
14,046
6,200
. 814
12,911
10,035
590
25,750
14,264
2,932
16,207
12,548
577
36.7
27.2
6.2
41.2
22.8
8.6
38.0
22.9
5. 1
32.8
21.1
4.2
29.0
17.3
3.9
1
2
3
4
5
6
7
8
5,150
1,419
-16
3,744
3
937
624
-47
358
2
7,032
3,517
-276
3,789
2
2,286
500
179
1,606
1
8,554
3,570
1,365
3,618
1
3,082
2,613
333
136
-
3.2
.5
.1
2.7
-
9.8
6.9
. 1
3.1
-. 2
10. 1
1.3
1.2
7.8
-.1
7.5
.6
.7
6.4
-.2
7.8
2. 1
1.4
4.3
♦
4
5
6
7
8
9 Net purchases
10
Households
11
Foreign
12
Coamercial banking
13
Hutual savings banks
9,380
1,487
1,824
478
348
7,170
1,267
1,056
2,013
-238
14,046
3,773
2,551
497
-848
12,911
-2,980
3,628
1,543
-48
25,750
1,494
8,703
693
-336
16,207
-2,355
9,465
167
284
36.7
6.3
.6
1.8
3.5
41.2
10.8
.9
-.6
2.8
38.0
-.2
3.8
1.2
32.8
-6.3
1.9
-.3
.1
29.0
-1.4
2.6
-. 1
-1. 1
9
10
11
12
13
14
15
16
17
18
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
ether insurance coapanies
5,124
2,292
4,613
-991
-790
2,960
5,826
-2,564
43
-345
6,436
5,799
1,330
-728
35
9,914
5,184
3,379
1,301
50
6,94 7
5,053
36
1,608
250
7,296
5,797
-621
1,722
398
22.5
9.1
4.4
6.8
2.2
26.6
16.9
.7
5. 1
3.9
32.0
18.8
3.6
6.0
3.7
38.4
17.3
10.3
9.0
1.8
29.5
11.6
12.8
3.2
2.0
14
15
16
17
18
19
20
Hutual funds
Brokers and dealers
980
-861
-1,114
1,226
1,105
532
-204
1,058
5,388
2,861
3,881
-1,531
.7
1.2
.3
.5
1.1
.2
-.7
-.4
• 8 19
-1.5 20
4,845
23,395
10.6
-.3
10.6
-2.4
6.5
.9
1.9
1
-3.8
•1
1
2
5,910 -15,502 -25,649 -15,293 -16,412 -18,550
5,000 -15,873 -26,382 -16,800 -17,925 -21,250
264
-364
7
716
729
1,870
188
195
202
216
209
223
365
425
393
401
410
433
147
93
123
159
156
174
10.9
9.9
•2
1.0
1.0
-1. 1
13. 1
10.5
.3
1.6
.9
-.3
5.6
2.7
•4
.6
1.4
•6
1.9
-.1
-.5
1. 1
.8
•6
-3.9
-7.8
.8
1.3
.9
.9
3
4
5
6
7
8
14,310 -1,850 -19,371 -6,619 -7,531
4,845
5,835 -8,309 -16,299 -13,453 -16,478 -3,114
8,674
8,881 23,395
8,400 13,652
6,278
-2,565 -21,961 -22,577 -22,127 -25,359 -26,509
10.6
-4.7
-.3
-4.4
10.6
-5.0
-2.4
-2.6
6.5
-4.0
.9
-4.8
1.9
-5.2
-. 1
-5.2
-3.8 9
-18.3 10
. 1 11
-18.4 12
1.7 13
* 14
-.1 15
Total finance
Coaaercial banking
Savings and loan assns.
Finance coapanies
Seits
♦
Corporate Eguities
1 Net issues
2
Hutual funds
3
4
5
6
7
8
Other sectors
Nonfin. corporate business
Foreign
Coaaercial banks
Other insurance companies
Beits
9 Net purchases
Households
10
Hutual fund shares
11
ether eguities
12
13
14
15
Foreign
Commercial banking
Hutual savings banks
16
17
18
19
20
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
21
22
Hutual funds
Brokers and dealers
14,310
8,400
-6,619
8,674
-7,531
8,881
480
-6
106
552
2
110
-472
—
-26
-1,563
-4
-77
-1,211
-71
-163
-1,137
104
4.7
♦
.2
2.8
4>
.1
2.7
*
.4
2.4
♦
.1
6,186
143
-1,035
6,259
819
2,185
394
-1,099
2,075
815
-3,903
-165
-4,800
735
327
5,167
486
700
3,591
390
7,118
-3
2,600
4,021
500
8,851
1,135
3,915
3,250
551
10.2
1.9
6.7
2.4
-.7
14.7
3.0
7.7
3. 1
.9
10.9
1.2
4.9
3.7
1.2
6.6
-. 1
2.1
2.6
2.0
2,571
-862
2,383
1,227
797
532
2,252
1,059
412
2,862
2,673
-2,532
-.9
1.2
-2. 4
.5
-3.7
.2
-1.6
-.4
1/85 BASED ON INCOHPLETE INFOBHATION.
-1,850 -19,371
13,652
6,278
17.2
.6
9.3
4. 1
3.2
16
17
18
19
20
-2.8 21
-1.5 22
JOME 10, 1985
Private Securities
Private Securities
Tax-Exenpt Debt and Corporate and Poreign Securities
35
SEASONALLY ADJOSTED ANNOAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1980
1981
1982
1983
1989
1
1
1983 |
IV 1
1969
I
|
IV I
III
II
1985
I
lax-Exenpt Debt Securities and Loans
73.8 Net change in liabilities
State and local governnents
53.6
Short-tern
-8.3
61.8
Other
1
2
3
9
30.3
16.3
1.7
19.6
22.7
9.9
1.1
3.8
53.8
30.3
5.9
29.9
56.3
35.6
-6.6
92.2
58.9
29.0
-8.5
37.5
55.5
37.2
-9.9
91.6
28.8
10.9
-9.2
19.6
19.7
-9.8
-13.8
9.0
77.2
52.1
-7.6
59.6
115.0
58.9
-3.3
61.7
5
6
3.1
10.9
9.9
13.9
8.3
15.1
11.2
9.9
11.9
18.5
10.2
8. 1
10.9
8.0
10.6
8.9
11.7
13.5
12.8
93.8
7
8
9
10
30.3
7.0
-.2
.2
22.7
10.3
.1
53.8
32.7
.1
1.6
56.3
91.0
.7
•8
58.9
32.7
-. 1
•8
55.5
35.9
•2
-.8
28.8
.9
-.2
1.0
19.7
10.5
-.9
-. 1
77.2
92.9
•2
•8
115.0
77.9
-.2
1.3
11
12
13
13.6
9.7
-.5
.2
3.9
•1
-.3
12.5
-.2
-.1
11.2
-.5
5.0
.1
-.1
-.3
7.3
-.9
-.9
1.9
-.9
-. 1
22.2
-.3
.1
19.0
.1
.1
-16.7
.1
19
15
16
17
8.1
.3
.1
7.7
9.2
.5
-.2
9.0
9.2
1.9
-.7
3.0
-.5
.9
-1.2
-.3
-.5
-.2
-.8
.5
-2.5
-.3
-1.9
-.3
-9.1
-2.7
-1.5
.1
-.9
-.6
•2
•8
.3
-.3
.8
1.6
2.0
-1.9
1.0
2.6
1.1
.1
1.9
18
19
2.0
2.9
.2
10.9
-.2
10.3
.9
13.9
•6
11.8
29.7
.9
5.0
-.8
9.5
1.6
19.5
1.2
51.3
-1.6
♦
♦
♦
____ - —w - m - - — — m n i»r _
. -T - ~~~~
■
4
Corporate and Foreign Bonds
4
,T-~~ ..-r
_______
10.7
9.6
Bouseholds 6 nonprof. org.
Nonfin. corporate husiness
(Industrial revenue bonds)
1
2
3
9
5
6
7
73.8 Net change in assets
8
37.9
Households
9
Nonfin. corporate busiaess
.3
State+local govt. gen. funds 10
.5
Connercial banking
Savings and loan assns.
Hutual savings banks
11
12
13
Iasurance
Life insurance conpanies
State+local govt.rtr.funds
Other insurance coapanies
19
15
16
17
nutual funds
Brokers and dealers
18
19
1
2
3
_
1
2
3
39.6
26.7
.8
26.9
21.8
5.9
27.8
18.7
6.7
36.5
15.7
3.8
59.9
37.0
9. 1
29.7
7.8
3.0
39.9
39.2
-1.1
59.0
23.5
3.3
52.2
90.7
2.9
93.9
99.5
11. 7
77.9 Met issues
Nonfin. corporate business
59.3
2.3
foreign
9
5
6
7
8
7.1
1.5
.9
5.9
-.2
-.8
1.2
-.5
-.8
-.7
2.5
1. 1
.2
1.2
17. 1
9.9
12. 1
18.8
8.2
1.2
9.9
18.9
5.7
-. 1
13.3
6.7
2.5
-.2
9.9
27.2
19.1
-1.1
19.2
9.2
2.0
.7
6.9
32. 1
19.3
5.5
12.9
4
4
4
4
4
4
4
4
15.8
10.5
1.3
9.0
-
9
10
11
12
13
39.6
-5.7
8.2
.6
.7
26.9
-8. 1
8.9
*
-1.0
27.8
-5.2
10.6
1.9
-1. 1
36.5
2.0
9.9
3.9
3.0
59.9
3.6
15.9
9.7
-1.5
29.7
2.0
7.3
1.9
1.9
39.9
9.6
9.2
8.1
-1.0
59.0
21.0
10.2
2.0
-3.9
52.2
-16.9
19.5
6.2
-.2
93.9
•6
39.8
2.8
-1.3
77.9 Net purchases
-9.1
Households
37.9
Foreign
.7
Connercial banking
Hutual savings banks
1.1
19
15
16
17
18
29.0
8.7
10.7
9.5
22.1
16.2
1. 1
5.2
-.5
20.3
16.7
5.8
1.9
-9.2
26.3
21.9
2.2
2.2
♦
22.6
7.3
3.9
9.1
2.8
4
23.6
12.3
18.5
-9. 0
-3.2
9.6
21.1
-10.3
.2
-1.9
21.3
18.8
5.3
-2.9
• 1
93.0
29.1
13.5
5.2
.2
31. 1
23.5
.1
6.9
1.0
26.9
20.9
-2.5
6.9
1.6
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance conpanies
19
15
16
17
18
19
20
1.3
.7
1.6
2.7
.2
-.5
2.7
-.2
5.2
5.7
3.9
-10.9
-9.5
13.8
9.9
-1.5
-.8
6.5
21.6
3.9
15.5
-.6
Hutual funds
Brokers and dealers
19
20
4
Total finance
Conaercial banking
Savings and loan assns.
Finance conpanies
Beits
9
5
6
7
8
9
10
11
12
13
Corporate Eguities
1
2
22.2
5.2
-9.1
6.3
35.3
18.9
67.8
32.8
-35.9
37.5
57.9
33.7
-11.1
50.9
-75.9
27.2
-25.3
35.9
-29.7
36.0
3
9
5
6
7
8
17.1
12.9
2.1
16.9
11.9
1.5
•6
2.8
.6
39.9
28.3
9.0
.7
1.5
.9
-72.9
-77.0
1.1
•8
1.6
.6
23.6
20.0
1. 1
.8
1.5
.9
-62.0
-63.5
-1.5
.8
1.6
•6
-102.6
-105.5
1.2
.6
-10.9
-11.5
.3
.5
1.1
-.8
.8
1.6
.5
-61.2
-67.2
2.9
.8
1.6
•6
-65.6
-71.7
2.9
.9
1.7
.6
9
10
11
12
22.2
-8.0
5.2
-13.2
-9.1
-30.0
6.3
-36.3
35.3
-7.8
18.9
-26.2
67.8
9.8
32.8
-28.0
-35.9
-59.5
37.5
-92.0
57.9
30.5
33.7
-3.3
-11.1
-91.2
50.9
-92.0
-75.9
-58.2
27.2
-85.3
-25.3
-60.9
35.9
-96.3
-29.7
-58.9
36.0
-99.9
13
19
15
5.9
*
-.5
5.8
-.1
-.6
3.9
*
-.5
5.9
-2.7
-. 1
-.2
2.6
.1
4
.9
.9
-2.5
-. 1
-9.9
4
.3
-9.0
-.3
-.7
16
17
18
19
20
26.6
.5
17.7
5.3
3.1
18.6
2.9
5.9
8.3
2.0
36.6
3.9
20. 1
10.1
3.0
93.8
3. 1
15.3
22.2
3.2
10.6
.7
-2.6
10.9
2.0
22.8
.6
-6.0
25.0
3.3
7.2
1.6
-6.0
8.3
3.3
-16.9
-.7
-20.0
2.9
1.3
25.0
1.9
7. 1
19.9
1.6
26.5
21
22
-1.8
.7
-.6
2.7
3.5
-.5
13.7
-.2
5.8
5.7
11.9
-10. 9
8.5
13.8
3.2
-1.5
8.9
6.5
.9
BILLIONS OF DOLLABS.
4
1/85 BASED ON INCOHPLETE INFOBHATION.
4
4
-.3
15.2 Net issues
89.9
Hutual funds
-79.2
-85.0
7.5
.9
1.7
.7
Other sectors
Nonfin. corporate business
Foreign
Connercial banks
Other insurance conpanies
Beits
1
2
3
9
5
6
7
8
15.2 Net purchases
Bouseholds
-20.5
Hutual fund shares
89.9
Other eguities
-109.9
9
10
11
12
-6.8
•9
foreign
Connercial banking
Hutual savings banks
13
19
15
8.9
16. 1
2.0
33.3
9.5
13.5
13.0
2.2
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance conpanies
16
17
18
19
20
3.3
3.9
9.9
-.6
Hutual funds
Brokers and dealers
21
22
4
JUNE 10, 1985
Hortgages - I
Mortgages - I
Hortgage Harkets by Type of Hortgage
36
UNADJUSTED NET FLOWS($ HILL)
UBADJUSTED NET FLOWS ($ HILL)
)
1
1983 |
IV |
1984
I
II
III
1
IV |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Iota! Hortgages
1 Net change in nortgages
2
Hone nortgages
Multi-fanily resid.
3
4
Connercial
5
Farn
51,255
32,603
3,902
14, 195
555
43,638
29,529
3,409
10,456
244
60,655
37,441
4,850
17,489
875
51,820
31,371
2,319
17,554
576
48,530
31,536
3,674
13,524
-204
42,804
30,689
3,577
£,140
398
57.9
42.0
*
11.2
4.6
85.4
63.9
3.9
11.9
5.7
126.2
94.0
7.0
18.1
7.1
150.2
112.2
9.1
21.7
7.2
163.5
120.0
7.7
24. 0
11.8
1
2
3
4
5
6 Borrowings by:
7
U.S. governnent
8
Beits
51,255
-20
7
43,638
-37
7
60,655
-24
8
51,820
-28
8
48,530
-11
9
42,804
-25
9
57.9
-.1
.4
85.4
-. 1
.4
126.2
-.1
*
150.2
-.1
.1
163.5
-. 1
*
6
7
8
51,268
34,271
610
1b,387
555
16,643
-811
43,668
34,239
622
8,807
244
10,819
-2,256
60,671
31,927
610
28,134
875
24,546
2,713
51,840
29,653
612
21,575
576
20,125
874
48,532
33,430
607
14,495
-204
15,715
-1,016
42,820
36,445
605
5,770
398
8,317
-2,945
57.6
40.6
1.0
16.0
4.6
12.5
-1. 1
85.1
61.4
.8
5.7
14.8
2.4
126.3
90.8
1.1
34.4
7.1
23.8
3.5
150.2
111.5
1.3
37.4
7.2
26.1
4. 1
163.6
121.2
1.5
40.8
11.8
27.6
1.4
9
10
11
12
13
14
15
16 Funds advanced by:
17
Households
18
St.+loc. govt. gen. funds
51,255
425
1,500
43,638
137
1,388
60,655
979
1,179
51,820
544
1,426
48,530
1,703
1,719
42,804
553
1,500
57.9
6.S
1.6
85.4
7.4
1.3
126.2
8. 1
•6
150.2
14.8
2.5
163.5 16
20.2 17
6.3 18
19
20
21
U.S. governnent
Sponsored credit ag.
Mortgage pools
498
3,841
13,269
-320
4,018
11,124
243
2,532
7,680
-1,031
1,622
12,194
1,543
3,539
12,924
291
5,434
14,400
6.5
5.3
7. 1
•4
2.9
12.2
4.2
3.5
16. 1
4.2
12.2
13.6
6.6 19
14.4 20
23. 1 21
22
23
24
25
26
27
Private finan. institutions
Connercial banking
Savings institutions
S+1 associations (1)
Mutual savings banks
Credit unions
31,722
8,579
17,640
14,994
2,518
128
27,291
8,996
16,029
14,778
1,122
129
48,042
12,605
30,457
27,976
2,352
129
37,065
11,319
24,850
22,453
2,267
130
27,102
11,646
13,637
12,243
1,264
130
20,626
8,498
10,379
8,970
1,278
131
30.9
3.8
30.2
27.4
2.3
.5
61.2
15. 1
47.6
42.7
4.4
.5
93.8
27.4
61.9
55. 1
6.5
.3
102.9
35. 1
57.9
50.8
6.5
.6
92.9
30.6
48.2
44.0
3.6
•6
22
23
24
25
26
27
5,203
4,243
300
509
151
400
-100
931
446
307
75
103
1,264
71
2,552
2,400
-133
209
76
2,328
100
2,171
1,957
121
33
60
-1,365
90
1,849
1,481
23
295
50
-140
110
1,149
900
120
100
29
500
100
2.8
2.9
*
-.2
.1
-1.3
-4.8
2.6
2.4
.2
.1
-.4
-3.8
5.8
5.2
.1
.3
.1
1.2
-2.4
10.2
9.4
.3
.5
•
•9
-1. 1
14.2
12.6
.3
1.0
.3
•8
-1.0
28
29
30
31
32
33
34
35 (1) Meno: FHLB loans to s+1
1,091 -1,345
7,146
8,251
associations (included in "other loans" category).
1,616
70
-4.0
-2.0
4.3
12.5
9
10
11
12
13
14
15
28
29
30
31
32
33
34
Private nonfinancial sectors
Households
Nonprofit institutions
Nonfinancial business
Faras
Nonfarn noncorporate
Corporate
(1)
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr.funds
Cther insurance cos.
Finance conpanies
Beits
22,9
♦
9.2 35
Hoae Hortgages
1 Net borrowing
2
Households
3
Nonfarn noncorp, business
4
Nonfin. corporate business
32,603
34,271
-834
-834
29,529
34,239
-2,355
-2,355
37,441
31,927
2,757
2,757
31,371
29,653
859
859
31,536
33,430
-947
-947
30,689
36,445
-2,878
-2,878
42.0
40.6
.7
.7
63.9
61.4
1.2
1.2
94.0
90.8
1.6
1.6
112.2
111.5
•4
•4
120.0
121.2
-.6
-.6
1
2
3
4
5 Net change in assets
6
Households
State and local governnents
7
32,603
-1,801
900
29,529
-1,584
1,292
37,441
-396
1,152
31,371
-600
1,154
31,536
708
1,598
30,689
-1,139
1,250
42.0
5.8
.8
63.9
4.8
.8
94.0
5.4
•2
112.2
12. 1
2.0
120.0
16.2
4.7
5
6
7
3
9
10
11
U.S. governnent
Spons. credit agencies
Mortgage pools
Connercial banking
126
3,859
13,042
3,618
63
3,995
10,881
2,592
10
1,923
7,183
4,972
-285
1,448
11,421
3,059
864
3,807
13,139
2,974
393
4,992
14,130
3,912
4. 1
2.5
7.3
2. 1
-.7
.5
11.9
9.2
2.5
.5
15.7
18.9
1.9
9.0
12.4
24.1
2.3 8
9.2 9
21.8 10
20.0 11
12
13
14
15
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit unions
12,653
11,066
1,459
128
11,953
10,863
961
129
21,235
19,405
1,701
129
16,747
15,149
1,468
130
8,542
7,448
964
130
6,928
5,765
1,032
131
22.3
21.0
•8
.5
38.8
35.2
3. 1
.5
52.0
46.8
4.9
.3
49.9
44.5
4.9
.6
42.7
39.3
2.8
•6
12
13
14
15
16
17
18
19
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr. funds
-19
-149
125
5
-454
-402
-44
-8
-528
-480
-26
-22
-272
-233
-14
-25
-110
-24
-80
-6
-37
-27
-10
•
-1.9
-1.4
-. 1
-.4
-1.6
-1.5
-. 1
*
-1.3
-1.4
.1
-. 1
-.3
•3
-. 1
2.4
1.8
.3
.3
16
17
18
19
20
21
Finance coapanies
Beits
250
-25
787
4
1,870
20
-1,291
-10
14
-
250
10
-.5
-.5
.4
-.2
.4
-.2
1. 1
-.2
.9 20
-.2 21
1/85 BASED ON INCOMPLETE INFOBHATION.
JUDE 10, 1985
Hortgages - I
Hortgages - I
Hortgage Rackets by Type of Hortgage
&
SEASCMALLI ADJUSTED ANNUAL BITES
1980
1981
1982
SEASONALLI AOJUSTED AMHOAL BATES
1983
1984
I
|
1983 I
IV )
III
I
IV |
1984
1
II
1985
1
Total Hortgages
1
2
3
4
5
134.9
96.7
8.7
20.1
9.3
113.9
76.0
4.0
24.2
9.7
86.5
52.5
5.4
23.7
5.0
167.2
108.7
8.3
47.4
2.9
204.6
129.9
14.3
59.0
1.5
213.3
135.5
15.5
58.3
4.0
182.6
124.9
13.4
43.6
•8
240.7
150.2
19.8
68.4
2.3
191.2
112.3
9.2
67.7
2.1
204.0
132.2
14.6
56.4
.8
177.3 Het change in aortgages
Hoae aortgages
127.7
Hulti-faaily resid.
14.0
34. 1
Coaaercial
Fare
1.6
1
2
3
4
5
6
7
8
134.9
-.1
-.1
113.9
-.1
-.5
86.5
-.1
.1
167.2
-.1
204.6
-. 1
213.3
-.1
a
182.6
-.1
*
240.7
-. 1
*
191.2
-.1
a
204.0
♦
177.3 Borrowings by:
O.S. governaent
-.1
♦
Beits
6
7
8
9
10
11
12
13
14
15
135.1
98.3
1.9
34.9
9.3
23.5
2.0
114.6
78.7
2.3
33.6
9.7
25.8
-1.9
86.5
51.6
2.6
32.3
5.0
28.6
-1.3
167.3
103.2
2.5
61.6
2.9
55.8
2.9
204.7
129.2
2.5
73.0
1.5
71.2
.3
213.4
136.0
2.4
74.9
4.0
71.0
-.2
182.8
120.8
2.5
59.5
•8
56.3
2.4
240.8
147.6
2.4
90.7
2.3
87.3
1.1
191.3
115.0
2.4
73.9
2.1
73.1
-1.3
204.0
133.6
2.4
68.0
•8
68.2
-1.0
177.4
126.1
2.4
48.8
1.6
46.8
.5
16
17
18
134.9
22.6
9.9
113.9
23.3
7.6
86.5
20.4
4.9
167.2
-7.9
5.9
204.6
3.4
5.7
213.3
2.2
6.0
182.6
-.4
5.6
240.7
4.5
4.7
191.2
2.1
5.7
204.0
7.2
6.9
177.3 Funds advanced hy:
Bouseholds
1.3
St.+loc. govt. gen. funds
6.0
19
20
21
7.5
14.1
19.2
4.9
12.6
15.0
2.4
13.8
49.5
1.2
10.0
66.4
.4
11.7
43.9
2. 1
14.5
53.4
♦
18.7
42.7
.3
9. 1
33.9
-4.6
6. 1
46.7
6.1
12.9
52.3
2.7
25.2
55.4
U.S. governaent
Sponsored credit ag.
Hortgage pools
22
23
24
25
26
27
61.6
17.8
29.4
28.3
•6
.5
50.4
21.5
18.2
18.0
-.4
.5
-4.5
14.6
-25.7
-23.6
-2.6
.5
91.6
28.7
49.6
45.8
3.3
.5
139.5
44.6
85.0
77.5
7.0
.5
135. 1
34.2
80.7
70.9
9.3
.5
116.0
42.5
64.9
60.4
4.0
.5
188. 1
49.0
117.4
106.8
10.1
.5
135.3
40.3
90.8
80.8
9.5
.5
118.6
46.4
66.7
61.8
4.4
.5
86.6
40.4
40.1
35.2
4.3
.5
Private finan. institutions
Coaaercial banking
Savings institutions
£♦1 associations (1)
Mutual savings tanks
Credit unions
28
29
30
31
32
33
34
14.5
12.3
•6
1.3
.3
.6
-.7
8.9
6.7
.1
1.8
•4
2.9
-1. 1
6.2
4.2
•4
1.3
.3
1.1
-.7
12.3
9.6
1.1
.8
.7
1.4
-.3
7.5
6.3
.3
.6
•3
2.1
.4
18.4
14.5
1.3
2.0
.6
2. 1
-.4
3.9
1.9
1.3
.3
.4
4.4
.3
11.4
11.1
-.8
.8
.3
9.8
•4
9.6
8.6
.6
.1
•2
-5.8
•4
5. 1
3.6
.2
1.2
.2
-. 1
.4
4.6
3.5
.5
•4
•1
1.2
•4
35
7.1
16.2
.8
-7.0
15.7
1.3
5.5
25.9
3.7
27.6
11.1 (1) Heno: FHLE loans to s+l
associations (included io "ether loans" category).
♦
♦
*
Private nonfinancial sectors
Households
Monprofit institutions
Nonfinancial business
Faras
Nonfara noncorporate
Corporate
(1)
Insurance
life insurance coapanies
Private pension funds
St.+loc. govt. rtr.funds
Cther insurance cos.
Finance coapanies
Beits
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Hoae Hortgages
1
2
3
4
96.7
98.3
-.8
-.8
76.0
78.7
-1.4
-1.4
52.5
51.6
.4
.4
108.7
103.2
2.8
2.8
129.9
129.2
.3
.3
135.5
136. 0
-.3
-. 3
124.9
120.8
2.0
2.0
150.2
147.6
1.3
1.3
112.3
115.0
-1.4
-1.4
132.2
133.6
-.7
-.7
127.7 Met borrowing
126.1
Households
Honiara noncorp, business
.8
Honfin. corporate business
•8
1
2
3
4
5
6
7
96.7
20.9
7.9
76.0
20.7
5.8
52.5
17.3
2.9
108.7
-9.6
4.1
129.9
-1.9
5.2
135.5
-7. 2
3.6
124.9
-6.3
5.2
150.2
-1.6
4.6
112.3
-2.4
4.6
132.2
2.8
6.4
127.7 Het change in assets
Households
-4.6
State and local governaents
5.0
5
6
7
8
9
10
11
2.7
7.6
18.7
10.9
2.4
5.0
14.1
9.7
1.5
10.3
49.3
2.3
.7
9.4
65.2
8.5
.7
11.2
42.6
13.6
.4
14.0
52.5
11.9
1.3
18.6
41.8
16.4
— .2
7.4
31.9
19.1
-1.7
5.3
43.6
10.0
3.2
13.5
53.2
8.9
2.9
23.3
54.4
21.7
U.S. governaent
Spons. credit agencies
Hortgage pools
Coaaercial banking
8
9
10
11
12
13
14
15
27.7
26.1
1.1
.5
16.8
15.9
.4
.5
-31.8
-30.4
-1.8
.5
29.8
24. 1
5.2
.5
58.5
52.9
5.1
.5
59.2
53.2
5.5
.5
47.4
43.6
3.4
.5
82.5
74.8
7. 1
.5
59.8
53.2
6.1
.5
44.2
39.9
3.7
.5
25.2
21.3
3.3
.5
Savings institutions
Savings and loan assns.
Hutual savings banks
credit unions
12
13
14
15
16
17
18
19
2.5
1.8
.4
•4
-.4
-.7
-.1
.4
-.2
-.5
.2
. 1
-.9
-1.4
.5
*
-1.4
-1.1
-.2
-.1
-.3
-.9
•6
-1.9
-1.8
-.1
♦
-1.6
-1. 1
-.4
-. 1
-1.4
-1.4
.1
-. 1
-.6
-.3
-.2
*
-.3
-.3
*
-
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
16
17
18
19
20
21
-2.2
-.1
2.0
-.1
1.0
-.2
1.4
1.4
*
1.5
-. 1
2.5
*
8.0
.1
-5.5
•
.5
-
•2
*
Finance coapanies
Beits
20
21
BILLIOHS OF DOLLABS.
♦
♦
1/85 BASEC OH IHCOHPLETE IHFOBHATIOH.
JUNE 10, 1985
Mortgages - II
Mortgages -II
Mortgage Markets (Continued)
38
OHADJUSTED HET ILOHS($ MILL)
OHADJUSTED HET FLOWS (S HILL)
|
1
1983 |
IV |
1984
I
II
III
|
IV |
1985
I
1975
BILLIOHS OF DOLLABS
1976
1977
1978
1979
Hulti-Fanily Besidential Mortgages
♦
1 Net borrowing
Nonfarn noncorp. business
2
3
Nonfin. corporate business
4
Beits
5
U.S. governaent
3,902
3,770
150
2
-20
3,409
3,246
198
2
-37
4,850
4,844
27
3
-24
2,319
2,287
57
3
-28
3,674
3,738
-56
3
-11
3,577
3,682
-83
3
-25
-.3
.3
.1
-.1
3.9
2.7
1.2
.1
-. 1
6 Het change in assets
7
Households
8
State and local governnents
3,902
661
300
3,409
504
44
4,850
264
12
2,319
203
191
3,674
124
134
3,577
910
150
*
-.3
.7
126
-9
226
599
-485
53
245
1,414
-6
453
535
665
-509
124
505
-316
354
229
56
1,355
-280
242
511
638
1,306
1,446
-140
1,497
1,540
-43
2,874
2,714
160
2,272
1,976
296
1,185
1,189
—4
7.0
5.1
2.0
-.1
9.1
6.5
2.7
*
-. 1
7.7
5.4
2.4
*
-. 1
1
2
3
4
5
3.9
.2
.3
7.0
.4
.3
9. 1
.5
.4
7.7
.5
1.2
6
7
8
1.2
.2
.4
-1.7
.2
-.1
.5
2.2
.3
.1
.9
1. 1
.9
*
1.5
1. 1
1. 1 9
.2 10
1.2 11
.9 12
1,074
1,013
61
2.6
1.7
.9
3.3
2.9
.4
4.9
4. 1
•8
4.4
3.6
.8
2. 1 13
1.5 14
.6 15
♦
-.5
*
-.4
*
-.2
•2
-. 1
.6
.3 16
* 17
.6 18
-.5
-1.7
.3
-.8
.1
-.5
-.1 19
-.2 20
9
10
11
12
U.S. governnent
Spons. credit agencies
Hortgage pools
Connercial banks
13
14
15
Savings institutions
Savings and loan assns.
Mutual savings banks
16
17
18
Life insurance conpanies
Private pension funds
St.-tlocal govt. rtr. funds
332
50
261
-24
-2
28
-55
4
19
-200
48
19
189
69
16
97
30
25
*
.2
19
20
Finance conpanies
Beits
75
-25
118
17
55
30
-68
50
-57
20
150
30
-.8
-2.6
♦
♦
Connercial Hortgages
-------------------------- —----- ------------------------------------------ *----------- — ----------------------- ————
1 Net borrowing
2
Households
3
Nonfarn noncorp. business
4
Nonfin. corporate business
5
Beits
14,195
610
13,707
-127
5
10,456
622
9,928
-99
5
17,489
610
16,945
-71
5
17,554
612
16,979
-42
5
13,524
607
12,924
-13
6
£,140
605
7,513
16
6
11.2
1.0
12.0
-2. 1
.3
11.9
•8
10.8
6 Net change in assets
7
Households
8
State and local governnents
9
U.S. governnent
10
Connercial banking
14,195
1,445
200
105
4,151
10,456
1,161
60
15
4,663
17,489
870
22
70
6,643
17,554
801
80
-153
8,413
13,524
823
3
-57
6,990
8,140
478
100
74
3,748
11.2
-.3
*
.5
3. 1
•3
18.1
1. 1
17. 1
-.1
*
21.7
1.3
19.3
1. 1
.1
24.0
1.5
22.8
-.4
*
11.9
.7
*
.4
3.4
18. 1
.9
♦
.6
6.3
21.7
1.2
*
•6
9.2
24.0 6
1. 1 7
•2 8
.8 9
9.7 10
—
1
2
3
4
5
11
12
13
Savings institutions
Savings and loan assns.
Mutual savings banks
3,680
2,482
1,198
2,578
2,375
203
6,348
5,857
491
5,830
5,328
502
3,910
3,606
304
2,377
2,192
185
5.3
4.6
.7
5.6
4.6
•9
4.9
4.2
.7
3.5
2.7
.8
3.4 11
3.1 12
.2 13
14
15
16
17
Life insurance conpanies
Private pension funds
St.tlocal govt. rtr. funds
Other insurance conpanies
4,070
125
243
151
1,059
353
55
103
2,906
-111
212
76
2,353
87
39
60
1,493
34
285
50
999
100
75
29
3.9
.1
.3
.1
3.7
. 1
.2
. 1
5.5
.1
.4
.1
7.8
.1
.1
8.9
♦
.2
.3
18
19
Finance conpanies
Beits
75
-50
359
50
403
50
-6
50
-97
90
100
60
♦
-1.8
—.3
-1.8
•6
-1.3
-.3
-.5
♦ 18
-.5 19
♦
14
15
16
17
Fam1 Mortgages
1 Net borrowing
555
244
875
576
-204
398
4.6
5.7
7. 1
7.2
11.8
1
2 Net change in assets
244
56
-8
875
241
-7
576
140
1
-204
48
-16
398
304
-
4.6
1.4
#
5.7
1.7
.1
7. 1
1.4
♦
7.2
.9
.1
11.8
2. 4
.2
2
3
4
2.3
5.0
. 1
5
6
7
3
4
Households
State and local governnents
555
120
100
5
6
7
U.S. governnent
Sponsored credit agencies
Mortgage pcols
141
-9
1
87
-30
-2
169
156
-38
-84
50
268
38 2
-497
-271
104
200
-241
.7
2.6
-.6
.6
2.5
—.2
.8
2.9
-.5
•8
3.2
-.3
8
9
10
11
Connercial banks
Mutual savings banks
Life insurance conpanies
St.♦local govt. rtr. funds
211
1
-10
-
327
1
-187
-
325
29
-
163
1
37
-
327
-177
-
200
-169
-
.3
*
.4
-.2
•4
1.0
*
1.4
«
1.7
4>
1/85 EASED ON INCOMPLETE INFOBHATION
♦
.7
*
.7
»
. 1 8
* 9
1.7 10
* 11
JUNE 10, 1985
Hortgages - II
Hortgages -|j
39
Bortgage Barkets (Continued)
SEASONALLY ADJUSTED ANNUAL BATES
1980
1981
1982
SEASONALLT ADJUSTED ANNUAL BATES
1983
1984
I
1
1983 |
IV 1
1984
II
I
|
IV |
111
1985
1
Hulti-Fanily Besidential Bortgages
1
2
3
4
5
8.7
5.8
3.0
*
-.1
4.0
3.5
•8
-.2
-.1
5.4
6.1
-.6
6
7
8
8.7
.5
1.5
4.0
9
10
11
12
14.3
14.1
•2
*
-.1
15.5
15.0
•6
*
-.1
13.4
12.8
.8
*
-.1
19.8
19.8
.1
-. 1
8.3
7.6
.8
*
-.1
1.2
5.4
•8
1.3
8.3
-. 1
1.1
14.3
1.1
.4
15.5
2.6
1.2
13.4
2.0
.2
1.9
.2
.7
1.7
1.0
-.1
1.1
2.2
-.3
-.1
.4
1.2
-.3
-.1
1.2
1.6
-.6
.9
1.3
3.1
.5
*
.9
2.4
13
14
15
.1
•6
-.6
-.5
-.3
-.2
1.3
2.0
-.7
4.6
6.9
-2.3
7.8
7.4
.4
16
17
18
.2
-.2
-.1
.9
—.4
.5
•6
.3
.1
.6
19
20
1.7
—.3
-1.1
-.3
•8
-.2
-.5
-.2
.1
♦
♦
«
♦
9.2
9.1
.2
•
-.1
14.6
14.9
-.2
14.0 Net borrowing
14.4
Nonfara noncorp, business
-.3
Nonfin. corporate business
«
Beits
O.S. governnent
-.1
1
2
3
4
5
19.8
1.1
«
9.2
•8
.8
14.6
.5
.5
14.0 Net change in assets
3.6
Households
•6
State and local governnents
6
7
8
-1.9
.2
1.0
5.7
*
1.8
2. 1
2.7
-2.0
.5
2.0
-1.3
1.4
.9
.2
5.4
-1.1
1.0
2.0
2.6
5.2
5.8
-.6
6.0
6.2
-.2
11.5
10.9
.6
9.1
7.9
1.2
4.7
4.8
♦
4.3
4.1
.2
-.1
.1
.1
1.2
.2
1.0
-.3
.1
.1
*
.1
-.9
.2
•1
.7
•2
.1
♦
.3
-. 1
.5
.1
•2
•1
-.3
.2
-.2
•1
♦
-.1
♦
♦
O.S. governnent
Spons. credit agencies
Bortgage pools
Coaaercial banks
9
10
11
12
Savings institutions
Savings and loan assns.
Butual savings baoks
13
14
15
.1
.1
.1
Life insurance conpanies
Private pension funds
St.*local govt. rtr. funds
16
17
18
•6
.1
finance coapanies
Beits
19
20
Connercial Bortgages
1
2
3
4
5
20.1
1.9
18.4
-.2
-.1
24.2
2.3
23.6
-1.3
-.3
23.7
2.6
22.0
-1.1
.1
47.4
2.5
45.5
-.7
*
59.0
2.5
56.8
-.2
•
58.3
2.4
56.4
-.5
*
43.6
2.5
41.5
-.4
♦
68.4
2.4
66.2
-.3
*
67.7
2.4
65.4
-.2
*
56.4
2.4
54.0
-.1
*
34. 1 Net borrowing
2.4
Households
31.5
Nonfarn noncorp, business
Nonfin. corporate business
.1
♦
Beits
1
2
3
4
5
6
7
8
9
10
20.1
.8
.3
1.2
5.1
24.2
1.0
.5
1.0
9.9
23.7
1.0
.8
.7
11.0
47.4
1.2
.5
.4
17.6
59.0
3.7
•2
-.1
26.7
58.3
5.8
.8
•4
18.7
43.6
4.6
.2
.1
19.1
68.4
3.5
.1
.3
26.5
67.7
3.2
•3
-.6
31.0
56.4
3.3
-.2
30.3
34.1 Net change in assets
1.9
Households
.4
State and local governaents
O.S. governaent
.3
15.4
Connercial banking
6
7
8
9
10
11
12
13
1.6
1.6
♦
2.0
2.5
-.6
4.7
4.8
-. 1
15.1
14.8
.3
18.7
17.2
1.5
16.3
12.0
4.3
11.5
10.6
.8
23.5
21.1
2.3
21.9
19.7
2.2
17.8
17.2
.7
10.6
9.8
•8
14
15
16
17
9.5
.2
.3
.3
7.5
•2
.4
.4
5.4
.1
.6
.3
10.7
.5
.3
.7
7.8
.4
.6
.3
14. 1
.5
1.0
.6
4.4
1.4
•2
•4
12. 1
-.4
.8
.3
10.9
.3
•2
.2
3.8
.1
1. 1
.2
4.0
.4
.3
.1
18
19
1.0
-.4
2.0
-.6
-.7
-.3
•4
-.1
.7
.2
.3
-.2
1.4
•2
1.6
•2
♦
•2
-.4
•4
.4
.2
♦
Savings institutions
Savings and loan assns.
Hutual savings banks
11
12
13
Life insurance conpanies
Private pension funds
St.*local govt. rtr. funds
Other insurance conpanies
14
15
16
17
Finance conpanies
Beits
18
19
Fara Bortgages
1
9.3
S.7
5.0
2.9
1.5
4.0
.8
2.3
2.1
•8
2
3
4
9.3
•3
.3
9.7
1.6
.1
5.0
1.3
V
2.9
.7
.2
1.5
.5
♦
4.0
1.0
•4
.8
-.7
*
2.3
1.6
*
2.1
.4
*
.8
•6
-.1
5
6
7
1.8
6.3
-.2
•6
7.6
-.1
.5
3.6
-.2
.4
•8
*
•6
-.3
«
•8
.6
.5
-. 1
*
.3
-. 1
—.2
-.3
.3
1.1
1.7
-1.5
-1. 1
.7
.9
-1.0
U.S. governaent
Sponsored credit agencies
Bortgage pools
5
6
7
8
9
10
.1
♦
.8
*
-.3
.1
*
«
-.3
*
.9
-.1
1. 1
*
-.3
1.2
*
1.4
*
-.4
•8
-.1
•
.6
*
-. 1
1.8
-.6
.9
-.3
Coaaercial banks
Butual savings banks
Life insurance conpanies
St. t-local govt. ctr. funds
8
9
10
11
♦
BILLIONS Of DOLLABS.
«
♦
♦
-
1/85 BASED ON INCOBPLETE INFOBHATION.
1.6 Net borrowing
1
1.6 Net change in assets
•4
Households
State and local governaents
-
2
3
4
11
JUNE 10, 1985
Consuaer credit and Bank Loans N.E.C,
Consuaer Credit and Bank Loans N.E.C.
Consuaer Credit and Bank Loans Not Elsewhere Classified
40
UNADJUSTED NET FLOWS(J HILL)
UNADJUSTED NET ELONS(1 HILL)
I
I
1983 |
IV 1I
1984
I
II
III
|
IV |I
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
<Zonsuaer Credit
1 Net change in liabilities (HH)
Installnent credit
Noninstallaent credit
27,355
20,836
6,519
7,419
6,156
1,263
31,109
24,881
6,228
27,680
22,731
4,949
30,279
23,031
7,248
14,158
11,067
3,091
9.6
7.7
1.9
25.4
21.5
3.9
40.2
37.0
3.2
48.8
43. 1
5.7
45.4
38.4
7.1
4 Net change in assets
5
Installnent credit
6
Nonfara noncorf, business
7
Nonfin. corporate business
8
Coaaercial banking
9
Savings and loan assns.
Hutual savings banks
10
11
Credit anions
12
Finance coapanies
27,355
20,836
309
1,543
11,005
1,630
387
2,348
3,614
7,419
6,156
-167
-1,536
5,647
458
993
2,421
-1,660
31,109
24,881
61
573
13,894
1,862
254
4,001
4,236
27,680
22,731
14
248
10,933
2,452
451
3,915
4,718
30,279
23,031
258
2,310
9,939
2,065
519
4,050
3,890
14,158
11,067
-120
-3,028
7,579
2,404
450
2,574
1,208
9.6
7.7
1
.3
2.9
.5
.2
3.8
•2
25.4
21.5
*
.7
10.8
1.0
•2
5.5
3.4
40.2
37.0
-. 1
2.6
18.6
1.3
.3
6.4
7.8
48.8
43.1
45.4 4
38.4 5
* 6
.5 7
18.2 8
1.3 9
4> 10
2.2 11
16.2 12
6,519
1,637
2,147
1,985
610
140
1,263
601
-r278
440
350
150
6,228
1,572
1,316
2,335
980
25
4,949
1,418
616
1,615
1,065
235
7,248
2,185
2,744
1,163
979
177
3,091
991
66
1,537
346
151
1.9
.9
.4
.2
.4
3.9
1.2
1.3
1.2
.1
.2
3.2
.7
-1.4
3.6
•2
.1
5.7
1.4
1.2
2.6
.3
.2
2
3
13
14
15
16
17
18
Noninstallaent credit
Nonfarn noncorp. business
Nonfin. corporate business
Coaaercial banking
Savings and loan assns.
Hutual savings banks
Total loans at cocnercial
banks, flow of funds basis
♦
__ ___ __ _______
__________ _______ ________
Bank Loans lot Elsewhere Classified
— ———
«
•6
23.6
•
.5
6.7
11.6
1
2
3
7. 1
1.8
1. 1
1.7
2.4
*
13
14
15
16
17
18
_________------,------
48,098
29,057
53,270
28,839
56,069
8,319
-2. 1
43.8
82.0
115.9
104.8
1
8,579
12,990
4,568
198
21,763
8,996
6,087
-931
-685
15,590
12,605
16,229
-1,151
1,996
23,591
,1,319
12,548
788
332
3,852
11,646
11,102
7,088
-1,304
27,537
8,498
9,116
-3,369
-257
-5,669
3.8
3. 1
2. 1
1.1
-12. 1
15. 1
12.0
6.6
3.7
6.4
27.4
22.3
2.2
.3
29.9
35. 1
26.2
-2.9
-1.3
58.8
30.6
19.9
-.9
2.2
52.9
2
3
4
5
6
21,976
63
-276
14,781
35
774
24,185
214
-808
2,224
234
1,394
22,825
355
4,357
-5,165
422
-926
-12.8
-.5
1.2
3.2
-.3
3.5
24.6
•6
4.7
41.6
-1.0
18. 1
39.9
-. 1
13.2
7
8
9
10 ♦ Loans by F.B. banks
11 - Total bank loans n.e.c.
21,763
15,590
23,591
_
3,852
_
27,537
-5,669
-12.1
6.4
_
29.9
_
58.8
10
52.9 11
12 Net change in liabilities
13
Nonfinancial sectors
14
Households
15
Farm business
16
Nonfara ncncorp. business
17
Corporate business
21,763
19,551
1,279
-175
410
18,425
15,590
17,172
-4,987
637
713
21,036
23,591
22,811
-1,241
1,783
1,171
23,048
3,852
3,581
-2,651
287
-434
9,755
27,537
26,048
7,882
-1,727
757
21,371
-5,669
-4,605
-5,332
-700
-326
7,489
-12.1
-8.4
-1.2
2.0
-2.0
-9.1
6.4
10. 1
*
3.0
-3.6
5.2
29.9
30.2
2.8
2.5
.9
20.9
58.8
56.5
4.1
2.5
•3
30.6
52.9
53.4
1.9
2.8
•6
45.9
12
13
14
15
16
17
1
2
3
4
5
6
7
8
9
- Loans elsewhere classified;
Hortgages
Consuaer credit
Security credit
Cpen-aarket paper
= Banking sector total bank
loans n.e.c.
U.S.-chartered banks
Doaestic affiliates
Foreign banking offices
18
19
20
21
Foreign
Official institutions
Banks
Other
-388
1,200
-1,209
-379
-227
104
-1,133
802
-1,950
1,049
-339
-2,660
-3,376
-863
-1,429
-1,084
-2,235
-1,163
-246
-826
-5,736
-1,030
-4,185
-521
2.0
•3
1.1
.7
5.6
.9
4.2
.5
3.1
.1
2.7
•3
19. 1
2. 1
9.5
7.4
2.3
2. 1
-4. 1
4.2
18
19
20
21
22
23
24
25
Financial sectors
Savings and loan assns.
Finance coapanies
Beits
2,212
515
1,628
69
-1,582
2,332
-3,944
30
780
356
376
48
271
785
-537
23
1,489
2,293
-827
23
-1,064
-3,176’
2,102
10
-3.7
-.3
-2.8
-.6
-3.7
.2
-2. 1
-1.9
-.3
1.4
.7
-2.4
2.3
.3
3.4
-1.4
-.5
2.0
-1. 1
-1.4
22
23
24
25
1/85 BASED ON INCOHPLETE INFOBHATION.
JOIiE 10, 1985
Consuaer Credit and Bank Loans N.I.c<
Consuaer Credit and Bank loans N.E.C,
4i
Consuaer Credit and Bank Loans Not Elsewhere Classified
SEASOIALLI ADJUSTED ANNOAL BATES
SEASONALLY ADJUSTED ANNOAL NATES
1982
1983
1984
1983
IT
I
I
1985
1
Consuaer Credit
1
2
3
6.3
2.9
3.4
26.7
20.8
5.9
21.0
15.8
5.2
51.3
40.2
11.0
96.5
76.8
19.7
84.6
63. 1
21.4
78.8
67.6
11.2
125.4
98.2
27.2
90.2
71.4
18.8
91.5
70.0
21.5
119.4 Net change in liabilities (HH)
Installaent credit
97.1
Noninstallaent credit
22.3
4
5
6
7
8
9
10
11
12
6.3
2.9
-.1
*
-7.2
1.5
1.3
-2.5
9.9
26.7
20.8
.2
.9
.6
2.5
.1
1.9
14.6
21.0
15.8
.1
•1
4.9
3.4
.7
1.3
5.3
51.3
40.2
.2
1.2
19.5
5.8
1.3
6.2
6.0
96.5
76.8
•2
1.6
40.4
6.8
2.2
14.4
11.2
84.6
63. 1
.4
2. 1
38. 1
6.3
1.5
10.4
4.3
78.8
67.6
.1
2.8
42.0
1.1
4.0
11.5
6.1
125.4
98.2
.3
1.5
56.5
8.0
1.0
16.0
15.0
90.2
71.4
.1
-1.8
29.7
10.2
1.8
12.6
18.8
91.5
70.0
•2
3.8
33.6
8.1
2. 1
17.5
4.8
4
119.4 Net change in assets
97. 1
Installaent credit
5
.3
6
Nonfara noncorp. business
-1.4
Nonfin. corporate business 7
Coaaercial banking
8
55.0
8.7
9
Savings and loan assns.
1.8
Hutual savings banks
10
12.2
Credit unions
11
20.4
Finance coapanies
12
13
14
15
16
17
18
3.4
•6
.5
1.0
1.1
•3
5.9
2.6
1.8
3.4
-1.8
5.2
1.7
•5
1.9
.7
•4
11.0
3.5
2.2
3.2
1.7
.5
19.7
5.8
4.4
5.6
3.4
•6
21.4
5.2
6.0
7.2
2.4
.6
11.2
3.5
1.9
3.8
1.4
.6
27.2
8.1
6.6
8.5
3.9
.1
18.8
4.7
2.9
6.1
4.3
.9
21.5
6.8
6.2
3.9
3.9
.7
22.3
8.5
3.7
8.1
1.4
•6
105.5
184.6
109.5
♦
Noninstallaent credit
Nonfara noncorp. business
Nonfin. corporate business
Coaaercial banking
Savings and loan assns.
Hutual savings banks
1
2
3
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
1
61.5
90.8
72.9
84.5
167.2
153.9
188.4
190.4
Total loans at coaaercial
banks, flow of funds basis
loans elsewhere classified:
40.4
Hortgages
63.1
Consuaer credit
Security credit
5.6
-5.1
Open-aarket paper
5.4 * Banking sector total bank
loans n.e.c.
5.9
U.S.-chartered banks
1.7
Doaestic affiliates
Foreign baaking offices
-2.2
1
2
3
4
5
6
17.8
-6.2
•8
1.8
47.3
21.5
4.0
5.3
.8
59.3
14.6
6.7
*
.3
51.2
28.7
22.7
2.4
-1.4
32.0
44.6
46.0
5.8
.3
70.6
34.2
45.3
4.5
3. 3
66.5
42.5
45.7
14.1
-5.5
91.5
49.0
65.0
-11.9
9.1
79.2
40.3
35.7
7.6
-.1
22.0
46.4
37.4
13.4
-2.2
89.6
7
8
9
31.9
-.1
15.5
53.4
.1
5.8
51.0
.1
.2
33.2
-.2
-.9
64.0
.8
5.7
67.2
.3
-1.0
86.8
.1
4.5
73.0
•9
5.3
26.5
.9
-5.4
69.7
1.4
18.5
10
11
47.3
59.3
51.2
32.0
«.
70.6
66.5
«.
91.5
79.2
22.0
•
89.6
12
13
14
15
16
17
47.3
48.2
3.6
.5
3.4
29.1
59.3
58.4
4.3
1.4
6.2
42.9
51.2
49.4
3.5
3.2
7.3
41.5
32.0
32.2
3.9
2.8
1.7
18.9
70.6
69.6
-1.0
1.0
2.2
75.2
66.5
64.8
.3
3.6
2.6
58.0
91.5
95.9
-7.1
4.2
1.8
99.5
79.2
74.5
-14.6
1.1
2.3
95.1
22.0
17.3
-9.0
.8
.5
37.9
89.6
90.7
26. 6
-2.2
4.2
68.4
18
19
20
21
11.5
4.5
4.7
2.3
3.7
•8
-4.5
7.3
-6.2
.7
-6.8
4.9
3.0
-.9
2.8
-7.8
-.9
-3.1
-3.8
•3
4.8
-4.6
.1
-2.6
.4
-4.0
1.0
-9.4
4.2
-2.9
-10.8
-12.8
-3.5
-5.4
-3.9
-6.3
-4.7
-.3
-1.4
-26.7
-4.1
-18.2
-4.4
Foreign
Cfficial institutions
Banks
Cther
18
19
20
21
22
23
24
25
-.9
-. 1
.9
-1.7
.9
-.2
-.3
1.5
1.9
1.5
.3
. 1
-.2
4.3
-4.7
•2
1.0
5.8
-4.9
.1
1.7
5.9
-4.5
.3
-4.4
6.8
-11.3
.1
4.7
1.4
3. 1
.2
4.7
1.0
3.6
.1
-1.1
13.9
-15.1
.1
-2.6
-15.9
13.3
*
Financial sectors
Savings and lean assns.
Finance coapanies
Beits
22
23
24
25
BILLIONS OF DOLLABS.
♦
1/85 BASED ON INCOHFLETE INFOBHATION.
♦ Loans by F.B. banks
5.4 = Total bank loans n.e.c.
5.4 Net change in liabilities
8.0
Bonfinancial sectors
Households
-7.9
-1.4
Fara business
Ncnfara ncncorp. business
-2.2
Corporate business
46.3
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Other Loans
Other Loaas
Open-Market Paper and Other Loans
42
UNADJUSTED NET FLOSS($ RILL)
UNADJUSTED NET FLOS S($ HILL)
|
1
1983 |
iv 1
1984
I
II
III
|
IV |
1985
I
BILLIONS OF DOLLABS
1977
1978
1976
1975
Open-Market Paper
—————————
-----
—
-
1979
--------
1 Total net issues, all types
2
Connercial paper
Nonfinancial corporations
3
4
Foreign issues in 0.S.
9,963
5,223
-2,512
2,154
11,779
16,867
5,642
1,581
29,075
20,229
10,945
6,358
2,003
6,142
6,886
-3,809
2,566
5,024
-1,859
1,014
14,099
15,843
4,482
917
-1.2
-1.5
-2.9
.4
8. 1
4.4
1.4
.7
15.0
11.8
1.6
.6
26.4
18.4
2.7
1.0
40.3
28.7
9.0
1.7
1
2
3
4
5
6
7
8
Financial business
Conaercial banking
Finance conpanies
Reits
5,581
848
4,750
-17
9,444
3,377
6,084
-17
2,926
4,520
-1,578
-16
3,065
-2,757
5,837
-15
5,869
1,134
4,74 8
-13
10,444
1,357
9,098
-11
1. 1
.3
.6
.1
2.2
-.8
3.3
-.3
9.6
1.3
8.4
*
14.6
6.7
7.8
.1
18.0
4.5
13.3
•1
5
6
7
8
9
10
11
12
13
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
4,740
912
456
456
3,828
-5,088
-203
-102
-101
-4,885
8,846
2,474
1,237
1,237
6,372
-4,139
-371
-186
-185
-3,768
-2,458
40
20
20
-2,498
-1,744
-793
-397
-396
-951
.2
.3
.2
•2
-. 1
3.8
2.6
1.3
1.3
1.2
3. 1
1.3
•6
•6
1.9
8.0
2.5
1.2
1.2
5.6
11.6
2.1
1.0
1.0
9.5
9
10
11
12
13
14 Net purchases, by sector
15
Households
16
Nonfin. corporate business
Foreign
17
9,963
5,321
992
5,314
11,779
-3,465
-1,895
1,272
29,075
7,021
4,644
1,331
2,003
-4,689
2,046
-149
2,566
-9,095
4,614
-2,000
14,099
15,992
-5,960
-1,500
-1.2
-6.0
3.1
-2.6
8. 1
-4.8
5.0
2.7
15.0
3.9
-.1
4.4
26.4
8.1
.2
7.9
40.3
6.6
1.9
6.9
14
15
16
17
18
19
20
21
22
Sponsored credit agencies
Monetary authority
Coanercial banking
Savings * loan associations
Mutual savings banks
263
-704
198
1,406
1,246
-29
-418
-685
-76
78
-135
1,996
2,439
1,552
-167
332
-1,988
413
231
-1,304
2,014
-324
-157
-257
87
1,803
.1
.1
1.1
.9
.1
*
-. 1
3.7
-. 1
.4
•2
*
.3
-.3
♦
-1.2
-.4
-1.3
•4
.2
.1
.1
2.2
.7
1.1
18
19
20
21
22
23
24
25
26
Life insurance coapanies
Private pension funds
Mutual funds
Money narket funds
-1,560
337
-221
-2,629
3,147
3,037
1,625
9,188
1,409
3,349
929
4,540
1,494
-2,545
1,407
5,849
—2,633
-130
-1,726
12,919
3,621
307
2,292
-2,129
.7
1.5
-.2
-.1
•4
1.7
-1. 1
•4
-.3
5.8
1. 1
.1
1.5
7.3
1. 1
2.6
1.6
3.5
-.2
15.6
23
24
25
26
- ——
—
— — — ——
Other Loans
—————------------ -—------------ —-------—————————————————— ———---------- —
1 Finance co. loans to business
2 Liab.: Nonccrporate business
3
Nonfin. corp, business
9,969
2,179
7,790
7,056
357
6,699
3,946
502
3,444
101
-733
834
10,696
2,185
8,511
6,212
1,063
5,149
3.7
-.1
3.8
8.6
.2
8.4
13.5
♦
13.5
11.5
4
11.5
10.1
♦
10.2
4 O.S. governnent loans
5 Liab.: Households
6
Tarn business
7
Nonfarn ncncorp. bus.
8
Nonfin. corp, business
9
St.+local governaents
10
Foreign
11
Spons. credit agencies
1,332
184
-169
481
-477
197
1,116
-
1,946
-77
-430
1,072
-30
-187
1,598
-
2,494
177
530
378
100
287
1,022
4,158
456
733
50
1,001
941
977
-
9,755
44
26 7
1,000
1,379
6,700
365
•
5,665
50
-150
375
1,150
2,800
1,440
-
6.9
.5
.8
1.5
.2
.2
2.8
.9
7.5
.5
. 1
1.8
.2
2.0
3.3
-.4
5.8
.5
1.3
1.9
♦
•2
3.0
-1. 1
12.8
.8
3.5
4. 1
1.7
-1.6
3.9
•4
12.4 4
1.1 5
3.4 6
3.0 7
1.2 8
.2 9
2.9 10
• 6 11
12 Sponsored credit agency loans
13 Liab.: Households (SLMA)
14
Farn business (FICE)
15
Noncorp. business (EC)
16
S+l assns. (FULE)
771
266
-1,209
623
1,091
-519
190
-341
977
-1,345
8,739
856
598
-966
8,251
7,777
523
502
-394
7,146
-2 7
368
-1,982
-29
1,616
152
361
-468
189
70
-2.4
1.1
.4
-4.0
.3
1.3
1.0
-2.0
6.5
.1
1.4
.6
4.3
15.0
.4
1.5
.7
12.5
15.2
.6
3.3
2. 1
9.2
205
2
203
197
6
191
-182
9
-191
493
5
488
68
9
59
-128
7
-135
1.6
*
1.6
1.4
*
1.4
1.7
«
1.7
2.6
•
2.6
17 Policy loans (HH liability)
18 Asset: u.s. governnent
19
Lite insurance cos.
1/85 BASED OS INCOMPLETE INFORMATION.
1
2
3
12
13
14
15
16
4.7 17
♦ 18
4.7 19
JOBE 10, 1985
Other Loans
Cther Loans
43
Open-Harket Paper aad Other Loans
SEASOBALLT ADJUSTED ABBOAL BATES
1980
1981
1982
SEASOBALLT ADJUSTED ABBOAL BATES
1983
1984
I
1
1983 1
1
1964
11
I
III
1
17 1
1985
1
Open- Harket Paper
1
2
3
4
20.6
11.2
4.0
2.4
54.0
39.5
14.7
3.9
5.4
-4.9
-5.6
1.9
17.8
19.0
-.5
6.5
45.4
48.3
21.8
5.1
55.8
45.2
14. 1
8.6
43.8
56.6
5.4
6.3
99.9
62.4
38.9
25.4
10.5
26.5
24.0
-15.2
27.5
47.5
18.9
4.1
54.4 Total net issues, all types
52.1
Coaaercial paper
Bonfinancial corporations
-2.0
3.7
Foreign issues in O.S.
5
6
7
8
4.8
5.6
-.5
-.2
20.9
7.0
13.9
*
-1.2
1.4
-2.5
-. 1
13.0
3.5
9.6
-.1
21.3
6.3
15.1
-.1
22.5
3.4
19.2
-. 1
44.8
13.5
31.4
-.1
-1.9
18. 1
-19.9
-. 1
17.7
-11.0
28.8
-.1
24.6
4.5
20.1
-. 1
50.5
5.4
45.1
V
Financial business
Coaaercial banking
Finance coapanies
Beits
5
6
7
8
9
10
11
12
13
9.4
1.7
.8
•8
7.7
14.5
4.5
2.2
2.2
10.0
10.3
1.5
.7
.7
8.8
-1.2
-.7
-.4
-.4
-.5
-2.8
1.9
1.0
1.0
-4.8
10. 6
-4.7
-2.4
-2.4
15.3
-12.8
6.7
3.4
3.4
-19.5
37.5
12.0
6.0
6.0
25.5
-16.0
-1.0
-.5
-.5
-15.1
-20.0
-10.0
-5.0
-5.0
-10.0
2.3
6.1
3.1
3. 1
-3.8
Bankers acceptances
Nonfinancial business
Boncorporate
Corporate
Foreign
9
10
11
12
13
14
15
16
17
20.6
-.8
-2.3
4.4
54.0
-7.3
10.0
.8
5.4
-8.0
7.9
-.5
17.8
-6.8
10.7
5.4
45.4
-10.2
9.4
.5
55.8
27.3
8. 4
18.4
43.8
-25.2
-.5
11.0
99.9
3.8
21.3
5.1
10.5
10.4
-7.4
-3.0
27.5
-30.0
24.3
-11.2
18
19
20
21
22
V
.1
1.8
1.5
.3
.3
-.6
•8
1.2
1.3
-.3
1.3
.3
2.7
1.2
•4
-1. 1
-1.4
3.7
1.0
-.1
-.4
•3
2.4
1.7
1. 1
-3.2
3.3
5.7
4.5
-. 1
.7
-5.5
-.5
-.5
-.5
.8
9.1
10.4
7.2
-.7
-2.9
-. 1
-8.3
2.1
.,9
-.3
-2.2
8.0
-1.9
-.6
2.6
-5.1
.3
6.2
Sponsored credit agencies
Honetary authority
Coaaercial banking
Savings ♦ loan associations
Hutual savings banks
18
19
20
21
22
23
24
25
26
2.2
-. 1
1.2
12.3
7.4
1.3
1
38.8
4.2
-1.5
-.6
-1.3
3.4
4.5
1.0
-3.0
3.4
3.7
2.2
32.5
.4
1.3
-.9
-10.5
9.0
12.1
6.5
36.8
7.4
13.4
3.7
18.2
1.5
-10.2
5.6
23.4
-4.3
-.5
-6.9
51.7
10.9
1.2
S.2
-8.5
Life insurance coapanies
Private pension funds
Hutual funds
Honey aarket funds
23
24
25
26
Cther Loans
—--- ---------——— ————
——————————————
54.4 Net purchases, by sector
53.7
Hoaseholds
-15.6
Nonfin. corporate business
.1
Foreign
1
2
3
4
14
15
16
17
———«•———■——— -——-
1
2
3
3.4
.4
3.1
9.5
.8
8.7
-1.4
-.9
-.5
16.9
3. 1
13.8
21.8
2.3
19.5
31.7
5.9
25.8
29.8
2.0
27.8
13.6
.7
12.9
8.6
.6
8.1
35.1
6.0
29.2
26.3 Finance co. loans to business
4.7 Liab.: Noncorporate business
Nonfin. corp, business
21.6
4
5
6
7
8
9
10
11
16.1
1.0
2.6
4.2
1.5
.9
4.7
1.2
19.1
1.5
3.4
5.6
1.2
1.2
4.2
1.9
13.6
1.6
.2
4.6
1.3
1.0
4.5
.4
8.5
.8
2.7
-.5
1.1
4.3
-
18.4
•6
1.1
2.5
2.5
7.7
4.0
-
8.4
.7
2.4
1.9
-1.9
.8
4.5
-
7.5
-.3
-2.0
4.3
-.1
-.7
6.4
-
6.9
.7
-.9
1.5
.4
1.1
4. 1
-
16.9
1.8
3.2
.2
4.0
3.8
3.9
-
42.0
.2
4.1
4.0
5.5
26.8
1.5
-
4
22.5 U.S. governaent loans
5
.2 Liab.: Households
6
-.8
Fara business
7
1.5
Nonfara ncncorp. bus.
4.6
Nonfin. corp, business 8
St.♦local governaents
9
11.2
5.8
Foreign
10
Spons. credit agencies 11
12
13
14
15
16
11.6
1.1
1.9
1.5
7.1
19.9
2.2
1.8
-.3
16.2
.8
1.6
-.8
-.8
.8
-6. 1
1.5
-1.3
.9
-7.0
16.0
1.9
-1.2
-.4
15.7
4.2
1. 1
1. 1
.7
1.3
7.6
•8
•1
1.2
5.5
25.0
3.4
-3.9
-.5
25.9
29.8
2.1
.7
-.5
27.6
1.5
1.5
-1.8
-1.9
3.7
10.5 Sponsored credit agency loans 12
13
1.4 Liab.: Households (SLBA)
14
.1
Fara business (FICE)
Noncorp, business (BC) 15
-2.2
16
S+l assns. (FHLB)
11.1
17
18
19
6.7
.1
6.6
7.4
.1
7.3
4.2
1. 1
.6
.5
.8
-.7
*
-.8
2.0
*
2.0
.3
1. 1
•8
*
.8
.8
4.3
BILLIONS OF DOLLABS.
♦
«
»
♦
1/85 BASEC GN INCOHPLETE INFOBHATION.
♦
♦
.2
-.5 Policy loans (HB liability)
* Asset: O.S. governaent
-.5
Life insurance cos.
1
2
3
17
18
19
JUNE 10, 1985
Security Credit, Trade credit, and Taxes
Security credit. Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
44
UNADJUSTED NET FLOWS ($ HILL)
UNADJUSTED MET FLOWS(S HILL)
I
1
1983 |
IV |
I
II
III
|
IV |I
1965
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Security Credit
1 Net change in liatilities
2
Households
3
Foreign
4
5
6
7
Brokers and dealers
From connercial tanks
Fron foreign tanking off.
Customer credit talances
8 Net change in assets
9
Households
10
Connercial tanking
11
12
Brokers and dealers
Foreign
12,215
6,731
-1,091
-350
-
2,242
1,720
-
433
-1,434
-
9,287
-465
-
-1,647
1,363
•
3.7
.7
.1
12.7
4.8
-
2.2
1.3
-
1.2
1.2
-
2. 1
1.0
-
1
2
3
5,484
3,731
592
1,161
-741
-1,118
51
326
522
-613
-406
1,541
1,867
781
225
861
9,752
5,690
1,246
2,816
-3,010
-3,011
-300
301
2.9
2.3
-. 1
.6
7.9
6.0
.4
1.5
.9
1.4
.5
-1.0
♦
-2.5
.1
2.5
1. 1
-.7
4
5
6
7
12,215
1,161
4,568
-1,091
326
-931
2,242
1,541
-1,151
433
861
788
9,287
2,816
7,088
-1,647
301
-3,369
3.7
•6
2.1
12.7
1.5
6.6
2.2
-1.0
2.2
1.2
2.5
-2.9
2. 1 8
1.8 9
-.9 10
6,486
•
-486
1,852
-
-1,216
•
-617
•
1,421
-
1.0
.1
4.6
1.0
-
1.6
1. 1 11
- 12
___ ___ ___
____ ________________ __ _____ ___________
Trade Credit
_ __ _
1.8
_ _ ______
——————— ———————— ———————
12.4
19.3
28. 1
59.0
1. 1
1.2
1.2
1.5
.5
.9
.8
1.6
2. 2
3. 1
1. 1
1.2
1 Net change in liatilities
Households
2
3
Farn business
4
Nonfarn noncorf, tusiness
(Payables less receivables)
21,766
-2,090
270
521
8,491
411
348
64 7
9,171
398
418
917
11,474
530
231
751
7,554
442
336
999
-1,118
547
209
917
5
6
7
8
21,804
243
156
862
5,729
238
-267
1,385
6,885
238
-416
731
9,320
255
-59
446
5,217
251
176
133
-4,049
264
-6
6.3
1.3
.7
1.4
10.3
.5
.3
4. 1
22.1
.7
.5
1.6
9 Net change in assets
10
Nonfin. corporate tusiness
11
Foreign
12
U.S. governaent
13
Other insurance coapanies
5,218
6, 172
-89
-1,353
488
23,832
21,222
788
1,322
500
13,311
9,597
. 930
2,284
500
19,642 -13,706
18,853 -14,279
-979
-151
214
1,262
506
510
12,235
10,428
43
1,250
514
9.3
5.8
1.6
1.2
•6
23.8
18.7
3.4
.5
1.2
14 Discrepancy
16,548 -15,341
-4,140
-8,168
21,260 -14,353
3.0
Nonfin. corporate tusiness
State and local governnents
Foreign
U.S. governnent
♦
60.9
1.7
1.2
.1
1
2
3
4
49. 1
1.7
-.3
2.3
53.8
1.6
1.5
1.0
5
6
7
8
38.4
36. 1
1.7
-.8
1.3
63.2
56.0
3.0
2.7
1.5
74.0
69.4
•2
2.4
1.9
9
10
11
12
13
-4.4
-10.2
-4.2
-13.0 14
Profit Taxes Payable
1 Net change in taxes payable
Nonfin. corporate tusiness
2
Connercial banks
3
4
Savings * loan associations
Life insurance coapanies
5
Other insurance conpanies
6
7
Finance conpanies
Brokers and dealers
8
3,187
3,172
-14
-13
-26
-7
-2
77
4,519
4, 540
-12
-25
-7
2
21
-5,381
-5,342
-3
-14
-36
-9
2
21
-202
-157
4
-16
-45
-11
3
20
1,589
1,644
4
-25
-66
-17
1
48
-1,458
-1,397
15
-20
-60
-13
6
11
-2.7
-2.4
-.3
.1
-. 1
*
*
8.0
7.5
.2
.1
.1
.1
-.6
-1.5
•2
.2
•4
.1
.1
-. 1
5.2
4.3
.1
.2
.3
. 1
.1
2.8
2.5
.5
-.2
9 Net change in taxes receivable
10
State and local governnents
11
U.S. government
4,123
3,089
1,034
2,498
-1,171
3,669
-5,386
-582
-4,804
798
3,123
-2,325
2,319
2,983
-664
-4,048
-2,057
-1,991
-1.7
•6
-2.3
7.8
2.2
5.6
.4
1.8
-1.4
3.7
.8
2.8
1.0 9
1.5 10
-.5 11
-936
2,021
5
-1,000
-730
2,590
-1.0
.2
-1.0
1.5
1.8 12
-24.9
-7.8
-17.2
-25.0
-5.8
-19.2
-24.6
-8.3
-16.4
12 Discrepancy
♦
♦
♦
-. 1
•1
1
2
3
4
5
6
7
8
Proprietors* Eguity in Noncorporate Business
1 Total household investnent
Farm business
2
3
Nonfarn noncocp. business
-18,681 -10,903 -22,382 -12,616 -12,530
3,741
-775
1,155 -5,175 -2,212
-17,906 -12,058 -17,207 -10,404 -16,271
1/85 EASED ON INCOHPLETE INFOBHATION.
-9,017
421
—S,43fl
-15.3
-.8
-14.4
-25. 1
-9.6
-15.5
1
2
3
JUNE 10, 1985
Security Credit, Trade Credit, and Taxes
Security Credit, Trade credit, and Taxes
*5
Security Credit, Trade Credit, and Taxes Payable
SEASONALLY ADJUSTED 1NNUAL BATES
SEASONALLY ADJUSTED ANNOAL BATES
1980
1982
1981
1983
1984
|
1
1983 1
It 1
III
|
IV |
1984
1
Il
1985
I
Security Credit
1
2
3
12.5
6.5
-
.9
-1.6
-
6.5
3.3
-
23.9
19.2
-
10.9
-.5
-
35. 1
26.9
-
13.5
-1.4
-
1.7
6.9
•
6.2
-5.7
-
22.2
-1.9
-
4
5
6
7
6.0
1.2
-.4
5.2
2.5
4.0
•6
-2. 1
3.2
•4
-.5
3.3
4.7
•9
.5
3.3
11.4
4.7
1.1
5.5
8.2
2.0
1.5
4.6
14.9
11.5
2.0
1.3
-5.2
-9.6
-1.8
6.2
11.9
8.2
.3
3.4
24.1
8.9
3.9
11.3
8
9
10
12.5
5.2
.8
•9
-2.1
5.3
6.5
3.3
♦
23.9
3.3
2.4
10.9
5.5
5.8
35. 1
4.6
4.5
13.5
1.3
14.1
1.7
6.2
-11.9
6.2
3.4
7.6
22.2
11.3
13.4
11
12
6.5
-2.3
3.2
18.2
-.5
25.9
-1.9
7.4
-4.9
-2.5
*
1
2
3
4
47.2
2.3
1.0
-.9
30.7
2.7
1.1
-1. 1
-7.8
2.4
-.6
-2.4
57.7
1.8
.8
.7
36.7
1.8
1.3
3.3
70.7
-8.4
1. 1
2.1
72.4
1.6
1.4
2.6
33.5
1.6
1.7
3.7
34.5
2.1
.9
3.0
6.4
1.8
1.3
4.0
5
6
7
8
39.6
2.0
1.7
1.4
26.0
1.1
.2
.7
-7.2
.9
-2.7
1.7
51.0
•8
.2
2.4
27.2
1.0
-.6
2.7
70.7
1.0
.6
3.6
61.3
1.0
-1.1
5.6
24.2
1.0
-1.7
3. 1
26.4
1.0
-.2
1.3
-3.2
1.0
.7
.8
9
10
11
12
13
56.7
47.4
3.6
3.8
2.0
26.1
20.8
*
2.5
2.6
-4.9
-11.9
.1
4.8
2.1
61.9
57.6
-1.5
3.8
2.0
43.1
35.4
•6
5.1
2.0
74.3
78. 1
-.4
-5.4
2.0
74.0
63.6
3.2
5.3
2.0
50.8
35.9
3.7
9.1
2.0
46.1
42.9
-3.9
5.0
2.0
1.5
-.8
-.6
.9
2.0
14
-9.5
4.6
-4.1
-6.4
-3.6
-1.6
-17.3
-11.6
4.9
12.5 Net change in liabilities
Boaseholds
5.5
foreign
7.0
5.0
.8
1.2
Brokers and dealers
Proa coaaercial banks
Proa foreign banking off.
Custoner credit balances
12.5 Net change in assets
1.2
Boaseholds
5.6
Coaaercial banking
1
2
3
4
5
6
7
8
9
10
Brokers and dealers
Poreign
11
12
32.4 Net change in liabilities
Boaseholds
2.2
.8
Para business
3.7
Nonfara noncorp. business
(Payables less receivables)
1
2
3
4
Nonfin. corporate business
State and local governaents
Poreign
O.S. governaent
5
6
7
8
5.7
Trade Credit
-2.9
..
.....
29.4 Net change in assets
Nonfin. corporate business
22.1
.2
Poreign
U.S. governaent
5.0
Other insurance coapanies
2.1
3.1 Discrepancy
9
10
11
12
13
14
______ ___
——— ——H- ———
Profit Taxes Payable
.
.
24.5
1. 1
—
.2
1
2
3
4
5
6
7
8
-3.1
-1.7
-.5
-.3
-.4
-.2
-.2
•2
-8.4
-6.8
-.4
-.3
-.5
-.2
-.2
*
-14.1
-14. 1
-.1
*
*
*
*
.2
5.8
5.8
-. 1
♦
-. 1
♦
*
.2
.5
.7
♦
-.1
-.2
*
♦
.1
.4
.4
*
*
-. 1
♦
—
.2
13.1
13.2
♦
♦
-. 1
*
♦
.1
10.8
11.0
*
-.1
-.2
*
*
.2
-16.6
-16.5
*
-.1
-.2
*
V
.1
-5.2
-5.0
*
-.1
-.2
-.1
*
.1
9
10
11
-3.8
1. 1
-4.8
-9.0
1.0
-10.0
-14.0
-1.4
-12.6
5.7
1.9
3.7
.2
4.4
-4. 1
.4
4.0
-3.5
12.7
5.9
6.8
11.7
5.6
6. 1
-17.9
2.5
-20.4
-5.7
3.4
-9.0
12
•6
.7
-. 1
.1
.3
*
.4
-.9
1.2
.4
-58.1
-7.3
-50.8
-56.0
-.6
-55.4
-9.6 Net change in taxes payable
Nonfin. corporate business
-9.4
•1
Coaaercial banks
Savings ♦ loan associations
-.1
Life insurance coapanies
-.2
Gther insurance coapanies
-.1
*
Finance coapanies
Brokers and dealers
.1
1
2
3
4
5
6
7
8
-12.4 Net change in taxes receivable 9
State and local governaents 10
2.8
11
U.S. governaent
-15.2
2.8 Discrepancy
12
Proprietors1 Eguity in Noncorporate lBusiness
1
2
3
-44.4
-16.4
-28.0
-26.8
-7.9
-18.9
BILLIONS OF DOLLABS.
-28.6
-12.5
-16.1
-65.0
-21.0
-44.0
-58.4
-2.5
-55.9
-79.9
-18.3
-61. 6
1/85 BASED ON INCOBPLETE INFOBBATION.
-43.2
2.2
-45.4
-76.4
-4.3
-72.2
-32.8 Total household investaent
Para business
-1.3
-31.5
Nonfara noncorp. business
1
2
3
JOKE 10, 1985
Hiscellaneous 1
Hiscellaneous I
Hisceilaaeous Financial Claias
46
UNADJUSTED MET FLOHS (J HILL)
UNADJUSTED NET FLOHS($ HILL)
|
J
1 Net change in liatilities
2
Households
3
Nonfin. corporate business
1983 |
IV 1
1984
I
II
III
|
1985
IV I_____ I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
11,167
149
2,345
30,755
150
2,391
39,740
151
8,842
25,358
155
5,272
35,606
156
4,672
32,973
159
5,391
37.4
.7
2.6
51.7
.6
4.3
45.1
.9
3.7
71.8
1.1
7.9
91.8
1.3
11.9
1
2
3
374
438
9,668
7,409
1,292
1,192
6,205
999
12,790
-4,724
11,264
t,586
15.6
-.7
16.3
.9
8.4
-.9
20. 1
-.3
27.6
-1.3
4
5
4
5
Foreign
U.S. governnent
6
7
8
9
Total finance
Sponsored credit agencies
Honetary authorities
Conaercial banking
7,861
-480
-214
-2,235
11,137
-264
14
2,286
28,263
2,854
-224
7,771
12,727
2,152
-264
5,254
22,712
5,497
14
5,238
9,573
-2,403
-257
5,704
19.3
1.7
-.4
2. 1
29.5
2.0
•1
3.4
33.0
1.4
a
6.7
43.0
4.6
•4
12.9
52.3
5.7
.9
13.2
6
7
8
9
10
11
12
13
14
15
Savings ♦ loan assns.
Hutual savings banks
Life insurance conpanies
other insurance coapanies
Finance coapanies
Reits
2,269
578
2,372
3,028
2,543
1,261
302
2,351
3,002
2,185
-
3,146
2,729
2,373
2,999
6,615
1,472
134
2,349
2,962
-1,332
-
917
-808
2,375
3,055
6,424
-
1,713
1,334
2,348
3,115
-1,981
-
.7
-.1
3.3
6.2
4.6
1.3
1. 1
•1
3.9
10.3
8.4
•2
1.2
•4
4.6
12.6
6.6
-.5
-.3
1.4
4.8
14.1
5.3
-.1
1. 1
1.2
5.3
14.7
10. 1
♦
10
11
12
13
14
15
14,510
1,817
375
598
5,149
28,808
1,818
345
591
9,529
43,355
1,824
349
589
3,023
19,039
1,821
371
588
-2,516
35,674
1,926
347
595
9,271
24,552
2,013
349
582
4,784
31.9
3.8
.9
1.3
14.9
46.9
5.5
1.5
2. 1
18.3
36.9
6.9
1.7
2.6
21.5
59.7
6.6
2.0
3.0
18.5
76.2
7.2
1.9
3.0
34.6
16
17
18
19
20
161
189
10,824
540
12,181
212
10,512
487
6,382
259
14,320
442
1.7
.7
8.8
1.0
-4.3
.7
7.6
•8
6,221
330
442
-1,506
5,161
971
24
-1,018
25,177
547
751
14,083
7,776
1,111
2,833
-6,078
16,894
801
64
442
2,062
-251
-245
-45
8.7
1.0
*
2.0
9.8
-.5
-.2
6. 1
7.7
1.0
-.6
3.5
21.2
•5
.5
11.8
21.9
.4
.2
10. 1
23
24
25
26
4,906
784
1,511
149
-395
2,618
633
1,552
-22
403
9,086
-883
1,567
-51
77
8,216
-24
1,623
-41
136
13,137
524
1,643
-61
344
479
-272
1,688
-51
759
2.1
.6
1.7
1.2
*
2.9
.4
1.5
-.3
*
1.8
.3
2.5
-.8
-.1
5. 1
.7
2.4
-.3
.5
6.5
.5
3.5
.3
•4
27
28
29
30
31
32
-3,343
1,947
-3,615
6,319
-68
8,421
5.5
4.8
8.2
12. 1
15.6 33
Direct foreign investnent by U.S. corps.
34 Liab.: Foreign
1,162
5,355
459 -1,034
35
Equity + interconpany accts.
36
Retained earnings
703
6,389
671
-1,758
2,429
-1,241
-2,652
1,411
4,067
1,501
2,566
1,176
-1,634
2,810
14.0
6.0
8.0
11.6
3.9
7.7
11.5
5.1
6.4
15.7
4.4
11.3
26.6 34
7.6 35
19.0 36
2,391
1,435
956
8,842
7,641
1,201
5,272
3,950
1,322
4,672
3,605
1,067
5,391
4,233
1,158
2.6
1.4
1.2
4.3
2.7
1.7
3.7
2. 1
1.6
7.9
5.3
2.6
11.9 37
7.9 38
4.0 39
211
283
212
357
243
339
.7
1. 1
.7
.6
.8 40
-22
257
130
16
103
a
-. 1
♦
•1
♦ 41
16 Net change in assets
17
Households
18
Farm business
19
Nonfarn noncorp, business
Nonfin. corporate business
20
21
22
foreign
O.S. governnent
23
24
25
26
Total finance
Sponsored credit agencies
nonetary authority
Connercial banking
27
28
29
30
31
32
Savings and loan assns.
Mutual savings banks
Life insurance conpanies
Private pension bunds
Reits
Honey narket funds
33 Unallocated, net
6.8 21
.8 22
(A) Foreign clains
Direct foreign investnent in U.S.
37 Liab.: Nonfinan. corp. bus.
2,345
Eguity ♦ intercoapany accts.
1,656
38
39
Retained earnings
689
U.S. govt. eg. in IERD, etc.
40 Liab.: Foreign
Nonofficial foreign currency
41 Asset: U.S. governaent
Liab.: roreign
(B) Clains on Federally related agencies
Postal Savings Deposits
42 Asset: Households
Liao.: U.S. governnent
-
Deposits at Federal bone Loan Banks
43 Liab.: Sponsored credit ags.
-599
Asset: S+1 associations
44 Federal Beserve Eank stock
Asset: Connercial banks
45 Eguity in spcnsored credit ag.
46 U.S. governnent
Private:
47
Farm business (FICB + FLB)
48
Nonfara noncorporate (BC)
49
Nonfin. corp. bus. (FNHA)
50
S+1 associations (FHLB)
-
-
-
-
42
-940
1,450
2,591
3,910
-3,448
.3
1.2
.3
2. 1
3.0 43
19
34
42
56
29
61
a
. 1
a
a
• 1 44
179
227
217
159
285
364
•4
.5
•8
—
1.3
1.6 45
- 46
37
2
140
8
-1
1
219
11
-1
207
34
6
119
9
16
260
11
9
344
.2
a
a
.1
.2
. 1
a
.2
.2
a
.1
.4
.3
.1
a
•8
1/85 BASED ON INCOHPLETE INFORMATION.
-
.4
.1
. 1
1.0
47
48
49
50
JUNE 10, 1905
Miscellaneous I
Miscellaneous I
Miscellaneous financial Claias
47
SEASONALLY* AOJUSTEO AIMOAL MATES
SEASOIALLI ADJUSTEO ANIUAL SATES
1983 I
17 1
III
1
IV |
147.2
•6
35.4
103.2
•6
21.1
179.0
.6
18.7
10.6
29.6
8.2
4.8
33.2
4.0
67.8
-18.9
13.8
26.3
foreign
U.S. governnent
4
5
51.8
-3.7
-.7
6.0
46.1
1.5
•3
4.4
98.2
13.5
-.5
22.5
44.2
5.7
-1.7
19.9
110.7
20.2
.1
35.4
42.0
-6.9
-.7
18.7
Total finance
Sponsored credit agencies
Monetary authorities
Coaaercial banking
6
7
8
9
6.8
2.4
9.4
12.0
13.9
-
12.2
6.3
9.5
12. 1
10.2
-
8.9
•8
9.4
12.0
8.7
-
4.8
9.9
9.5
12.0
26.5
-
7.0
-2.6
9.4
11.8
-5.3
-
6.4
1.3
9.5
12.2
25.7
-
11.8
5.1
9.4
12.5
-7.9
-
Savings ♦ loan assns.
Hutual savings banks
Life insurance conpanies
Other insurance conpanies
finance coapanies
Beits
10
11
12
13
14
15
69.2
7.2
1.4
2.3
19.2
126.9
7.4
1.4
2.4
19.3
63.4
7.3
1.5
2.4
18.4
108.7
7.3
1.4
2.4
35.3
180.5
7.3
1.4
2.4
15.8
68.4
7.3
1.5
2.4
-9.0
149.9
7.7
1.4
2.4
35.1
7.2
1.6
10.3
.7
39.9
1.5
7.2
•8
30.3
2.2
59.8
•8
35.8
1.9
48.2
.7
.5
28.0
53.7
1.4
♦
14.3
27.9
1.1
1.0
9.0
55.0
3.4
3.7
7.4
25.9
•1
1.8
4.4
29.9
4.1
.1
-3.9
93.1
3.0
3.0
45.8
4.1
1.0
3.6
—
-1.0
•4
8.2
1.1
7.3
—
•4
1.9
27.3
2.7
8.1
—
.9
-1.1
8.8
1.8
6.1
—
•4
—.4
33.1
•3
6.4
-.2
1.0
11.5
3.0
6.0
.6
-1.6
18.9
2.9
6.2
-.1
1.6
-11.7
2.6
5.0
4.6
4.6
16.9
-12.2
I
1
1964
1980
1981
1982
1983
1984
1
2
3
66.7
1.2
16.9
104.6
1.8
23.1
90.6
.8
14.9
73.8
•6
11.3
131.5
.6
21.2
80.2
•6
9.4
96.5
•6
9.6
4
5
14.7
-1.9
19.1
1.0
15.4
.2
10.2
2.0
30.0
4.9
16.7
1.8
6
7
8
9
35.8
3.6
-1.1
7.4
59.5
4.7
•3
17.4
59.4
5.9
-.1
14.1
49.7
-.2
-.5
7.6
74.8
10.2
-.5
20.5
10
11
12
13
14
15
.9
.8
3.8
12.4
7.9
.1
2.6
2.6
8.2
1C. 8
12.9
♦
13.1
-.3
7.0
10.6
9.0
-
9.7
2.4
9.2
12.0
9.4
-
16
17
18
19
20
78.4
5.6
1.9
2.6
32.3
102.0
6.1
1.7
2.1
21.6
85.6
6.8
1.7
2.1
12.6
21
22
18.4
.5
21.3
.9
23
24
25
26
17.1
1.3
.5
7.3
27
28
29
30
31
32
33
—
I
11
1985
I
104.3 Net change in liabilities
.6
Hoaseholds
21.6
Boafin. corporate business
1
2
3
90.8 Net change in assets
Bouseholds
e.1
1.4
fara business
Nonfara noncorp. business
2.3
16.2
Nonfin. corporate business
16
17
18
19
20
33.7
1.0
41.5
1.8
foreign
U.S. governnent
21
22
28.5
4.5
11.3
-25.3
68.6
2.1
.3
13.0
19.5
-.8
-1.0
.5
Total finance
Spcnsored credit agencies
Monetary authority
Connercial banking
23
24
25
26
38.4
-3.5
6.3
-.2
•3
31.2
-.2
6.5
-.2
.5
43.7
1.9
6.6
-.2
1.4
11.9
-.6
6.8
-.2
3.0
Savings and loan assns.
nutual savings banks
Life insurance coapanies
Private pension funds
Beits
Honey narket funds
27
28
29
30
31
32
-33.3
34.8
29.0
13.6 Unallocated, net
33
(A) foreign claias
Direct foreign investaent by O.S. corps.
34
21.4
3.6 Liab.: foreign
Eguity ♦ intercoapany accts. 35
-7.6
11. 1
36
10.3
Betained earnings
11.2
34
35
36
21.9
4.9
17.0
13.0
-.5
13.5
4.4
-2.0
6.4
8.8
-.3
9.1
8.9
-3.9
12.8
8.9
6. 1
2.8
20.8
-4.8
25.6
1.7
-8.0
9.7
-8.4
-14.1
5.6
37
38
39
16.9
10.7
6.2
23.1
19.4
3.8
14.9
16.2
-1.3
11.3
9.9
1.4
21.2
16.6
4.5
9.4
6.6
2.8
9.6
5.7
3.8
35.4
30.6
4.8
21. 1
15.8
5.3
18.7
14.4
4.3
40
.7
1. 1
1.3
.7
1.1
•8
1.1
.8
1.4
1.0
41
-.2
-.2
•4
.1
.4
-. 1
1.0
.5
.1
Direct foreign investaent in U.S.
21.6 Liab.: Nonfinan. core. bus.
37
Eguity ♦ intercoapany accts. 38
16.9
39
4.6
Betained earnings
U.S. govt. eg. in IEBC, etc.
1.4 Liab.: foreign
40
Nonofficial foreign currency
• 4 Asset: O.S. governnent
Liab.: foreign
41
Claias on federally related agencies
42
-
43
Postal Savings Oeposits
Asset: Households
Liab.: U.S. governaent
-
-
-
•8
1.8
2.8
-2.9
7.0
-3.7
-2.2
8.2
7.7
14.3
44
.1
.1
.1
.1
.2
•1
.1
•2
•2
.1
45
46
.7
•
1.4
.9
-
.2
-
.9
•4
—
1.3
—
.5
—
1.0
-
.8
—
47
48
49
50
.6
.1
*
*
.6
.1
.7
•4
*
.1
.4
.1
4
•
.1
•1
♦
V
•8
• 1
♦
.3
♦
*
*
1.2
♦
*
—
•S
.1
•
.9
*
.1
—
.7
BILLIONS OF DOLLABS.
1/85 BASED OM INCOMPLETE INFORMATION.
Deposits at federal Hoae Lean Banks
-12.1 Liab.: Sponsored credit ags.
Asset: S+1 associations
• 2 federal Beserve Bank stock
Asset: Ccaaercial banks
1.9 Eguity in sponsored credit ag.
— U.S. gevernaent
Private:
*
Fara business (FICE + FLB)
*
Nonfara noncorporate (BC)
—
Nonfin. corp. bus. (FNMA)
1.8
S+1 associations (FBLB)
42
43
44
45
46
47
48
49
50
JUNE 10, 1985
Hiscellaneous fl
Hiscellaneous II
Hiscellaneous Financial Claias (Continued)
48
UNADJUSTED NET FLOSS($ HILL)
UNADJUSTED NET FLOSS($ BILL)
II
1
1983 |
IV |
1984
I
II
III
I
IV |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
(C) Life insurance clains
Deferred and unpaid preaiuas
1 Liab.: Households
Asset: Life insurance
149
150
151
155
156
159
.7
.6
•9
1.1
1.3
1
Life coapany reserves
2 Liab.: Life insurance cos.
3
Accident and health
4
Policy dividend accua.
Asset: Households
811
457
354
803
456
347
810
464
346
795
459
336
799
465
334
790
464
326
1,7
.7
1,0
1.9
.7
1.2
2.7
1.4
1.4
2.7
1.3
1.4
2.4
.8
1.6
2
3
4
3,028
1,006
338
598
1,086
3,002
1,015
337
592
1,058
2,999
1,014
338
590
1,057
2,962
1,026
337
582
1,017
3,055
1,127
338
579
1,011
3,115
1,223
338
573
981
6.2
2.1
.7
1.2
2.2
10.3
3.6
1.3
2. 1
3.4
12.6
4.2
1.5
2.5
4.4
14.1
3.9
1.7
2.9
5.6
14.7
4.8
1.5
2.9
5.5
5
6
7
8
9
(E) Intercorporate claias
Corporate parent investaent in
finance coapanies
1,206
Asset: Doaestic tank affiliates
811
4,954
-1,832
4,725
-2,442
3.4
6.4
-.5
2.7
(D) Nonlife insurance claias
5 Liab.:
6 Asset:
7
8
9
10
Other insurance cos.
Households
Para business
Nonfara ncncorp. bus.
Nontin. corp, business
5.5 10
(F) Unallocated assets ♦ liabilities
11 Net total (liab. less assets)
-3,343
1,947
-3,615
6,319
-68
8,421
5.5
4.8
8.2
12. 1
15.6 11
12
13
14
15
16
17
Net change in liabilities
Foreign
U.S. governaent
U.S. govt.-without levels
Sponsored credit agencies
Honetary authority
2,678
-977
438
-60
-233
18,382
3,773
7,409
449
-20
19,392
409
1,192
1,187
-266
15,954
6,959
999
-598
-320
13,649
8,464
-4,724
1,302
-15
27,365
9,646
6,586
681
-318
7.5
.9
-.6
-.1
1. 1
-.5
13.8
3.7
-.5
1.4
.3
a
12.3
-3.8
-.7
-.3
•4
*
23.6
3.6
-.3
1.3
.4
23.9
.2
-1.3
1.1
•8
12
13
14
15
16
17
18
19
20
21
22
Coaaercial banxing
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
-2,235
*5,376
452
1,759
930
2,286
2,008
75
-750
953
7,771
2,596
1,251
2,950
974
5,254
2,248
-37
2,046
997
5,238
2,689
1,377
153
1,019
5,704
6,213
-1,999
449
1,041
2.1
.1
.2
.7
1.1
3.4
1.7
.9
.3
.4
6.7
5.4
—.3
.7
.8
12.9
12.4
-2.4
2.3
.6
13.2
9.1
.3
2.7
1. 1
18
19
20
21
22
23
24
25
26
27
Savings and loan assns.
Hutual savings nanks
Life insurance coapanies
Finance coapanies
Beits
2,269
578
1,561
1,337
-
1,261
302
1,548
1,374
3,146
2,729
1,563
1,661
-
1,472
134
1,554
500
-
917
-808
1,576
1,699
-
1,713
1,334
1,558
461
-
.7
-. 1
1.6
1.2
1.3
1. 1
.1
2.0
2. 1
•2
1.2
.4
1.8
7.1
-.5
-.3
1.4
2. 1
2.6
-. 1
1. 1
1.2
2.9
4.6
V
23
24
25
26
27
28
29
30
31
32
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Honetary aathority
6,021
2,899
-2,184
330
442
16,435
3,115
8,433
971
24
23,007
1,295
3,339
547
751
9,635
-2,292
5,240
1,111
2,833
13,717
4,193
1,710
801
64
18,944
2,627
8,929
-251
-245
2.0
-1.4
-.9
1.0
*
9.0
3.2
4.4
-.5
-.2
4. 1
5.5
-8.1
1.0
-.6
11.4
-2.8
-.3
.5
.5
8.3
2.5
-5. 1
.4
.2
28
29
30
31
32
33
34
35
Coaaercial banks
Foreign banking offices
Banks in U.S. possessions
-5,312
2,317
264
-1,477
-606
220
.2,362
6,531
194
-1,978
-2,414
90
-2,551
-1,844
83
462
1,861
13
-2.5
•6
•6
-.7
.4
-. 1
3.7
.3
*
6.9
2.0
.1
2.0 33
2. 1 34
.4 35
36
37
38
39
Savings and loan assns.
nutual savings banks
Life insurance coapanies
Private pension funds
5,365
784
1,362
-
3,339
633
1,402
-
7,429
-883
1,416
-
5,506
-24
1,468
-
8,967
524
1,487
-
3,583
-272
1,529
-
1.8
.6
1.0
-
1.5
.4
.8
-
1.2
.3
1.6
-
2.3
.7
1.3
-
2.4
.5
2.2
-
40
41
Beits
Honey aarket funds
149
-395
-22
403
-51
77
-41
136
-61
344
-51
759
1.2
*
-.3
*
-.8
-. 1
-.3
.5
1/85 BASED ON INCOHPLETE INFORHATION.
36
37
38
39
.3 40
.4 41
JOHE 10, 1985
Miscellaneous II
Miscellaneous II
Hiscellaneous Fiaancial Clains (Continued)
49
SEASONALLY ADJOSTED ANNUAL BATES
SEASOBALLT ADJOSTED ANNOAL BATES
1980
1981
1982
1983
1984
|
I
1983 |
IV |
1984
1
III
II
|
IV |
1985
1
(C) Life insurance claias
Deferred and unpaid preaiuas
• 6 Liab.: Bouseholds
Asset: Life insurance
1
1
1.2
1.8
.8
•6
.6
.6
•6
.6
.6
•6
2
3
4
1.7
•6
1.1
2.1
.9
1.2
2.3
1.3
1.0
3.2
1.8
1.4
3.2
1.8
1.4
3.2
1.8
1.4
3.2
1.8
1.4
3.2
1.9
1.4
3.2
1.8
1.3
3.2
1.9
1. 3
5
6
7
8
9
12.4
3.9
1.3
2.5
4.7
10.8
4.0
1.1
2.1
3.7
10.6
4.5
1.3
2.0
2.7
12.0
4. 1
1.3
2.4
4.3
12.0
4.2
1.4
2.3
4.1
12. 1
4.0
1.4
2.4
4.3
12.0
4.1
1.3
2.4
4.2
12.0
4.1
1.4
2.4
4.2
11.8
4.1
1.3
2.3
4.1
12.2
4.5
1.4
2.3
4.0
IO
4.4
7.9
7.8
4.5
8.7
4.8
3.2
19.8
-7.3
18.9
11
-11.7
2.6
5.0
4.6
4.6
16.9
-12.2
-33.3
34.8
29.0
13.6 Net total (liab. less assets)
11
12
13
14
15
16
17
6.1
-7.8
—
-1.9
2.1
-1.1
41.5
5.2
—
1.0
1.4
.2
44.5
9.4
—
•2
2.2
-.2
35.2
•6
—
2.0
2.4
-.6
67.4
19.6
—
4.9
2.3
-.6
43.7
7.0
«•
1.8
-.4
-.8
45.8
-12.4
—
29.6
2.4
•2
64.7
5.7
4.8
4.8
-.7
71.3
39.7
4.0
-3.0
-1.9
87.7
45.4
-18.9
5. 1
*
80.9
8.4
26.3
3.3
-.9
Net change in liabilities
Foreign
D.S. governaent
O.S. govt.-without levels
Sponsored credit agencies
Honetary authority
12
13
14
15
16
17
18
19
20
21
22
7.4
•8
.1
4.9
1.6
17.4
6.7
1.1
6.8
2.7
14.1
3.1
3.9
3.9
3.2
7.6
.9
1.1
2.0
3.6
20.5
9.5
2.7
4.4
3.9
6.0
-3.7
1.8
4.2
3.7
4.4
1.4
•3
-1.0
3.8
22.5
-2.4
5.0
16.0
3.9
19.9
10.5
-.1
5.5
4.0
35.4
28.6
5.5
-2.8
4.1
18.7
18.2
-8.0
4.3
4.2
Coaaercial banking
Coaaercial banks
Eank affiliates
foreign banking offices
Eanks in D.S. poss.
18
19
20
21
22
23
24
25
26
27
.9
•8
2.1
3.5
.1
2.6
2.6
6.0
5.0
*
13.1
-.3
4.8
1.2
-
9.7
2.4
6.1
4.9
-
6.8
2.4
6.2
5.2
-
12.2
6.3
6.2
5.3
-
8.9
.8
6.2
5.5
-
4.8
9.9
6.3
6.6
•
7.0
-2.6
6.2
2.0
-
6.4
1.3
6.3
6.8
-
11.8
5.1
6.2
1.8
-
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Finance coapanies
Beits
23
24
25
26
27
28
29
30
31
32
17.8
5.7
1.5
1.3
.5
39.0
4.9
-1.9
.7
.5
39.5
5.4
-7.7
1.4
*
30.6
6.1
-1.0
1.1
1.0
62.8
6.3
18.7
3.4
3.7
26.8
5.2
-2.2
.1
1.8
57.9
10.3
20.7
4.1
•1
98.0
9.9
24.4
3.0
3.0
36.5
-4.6
14.7
4.5
11.3
58.7
9.7
15.0
2.1
.3
67.3
8.7
19.9
-.8
-1.0
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Honetary authority
28
29
30
31
32
33
34
35
.9
1.5
.5
9.3
7.9
2.9
3.1
2.4
.9
•6
2.9
.9
-3.6
1.7
.6
-10.8
9.3
1. 1
-5.7
-2.4
.9
-1. 1
26.1
.8
-8.9
-9.7
•4
1.1
-7.4
.3
2.5
7.4
.1
Coaaercial banks
Foreign banking offices
Banks in O.S. possessions
33
34
35
36
37
38
39
3.2
1.0
2.4
5.7
1.1
5.5
•
24.0
2.7
7.4
•
11.6
1.8
5.5
•
25.2
.3
5.8
15.0
3.0
5.4
•
19.9
2.9
5.6
29.7
-3.5
5.7
-
22.7
-.2
5.9
28.7
1.9
5.9
-
22.2
-.6
6. 1
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
36
37
38
39
40
41
-1.0
•4
.4
1.9
.9
-1.1
.4
-.4
-.2
1.0
•6
-1.6
-.1
1.6
-.2
.3
-.2
.5
-.2
1.4
-.2
3.0
Beits
Honey aarket funds
40
41
Life coapany reserves
3.2 Liab.: Life insurance cos.
Accident and health
1.9
Policy dividend accua.
1.3
Asset: Bo useholds
2
3
4
(D) Nonlife insurance claias
12.5 Liab.:
4.9 Asset:
1.4
2.3
3.9
Other insurance cos.
Bouseholds
Farn business
Nonfarn ncncorp. bus.
Nonfin. corp, business
(E) Intercorporate clains
Corporate parent investnent in
-9.8
finance coapanies
Asset: Doaestic bant affiliates
5
6
7
8
9
10
(F) Unallocated assets ♦ liabilities
BILLIONS OF DOLLABS.
1/85 BASEC OM INCOHFLETE INFOBHATION
JUNE 10, 1985
Total Claias
lotal Claias
Total Financial Assets and Liabilities
UNADJUSTED NET FLOWS(S HILL)
ONADJOSTED NET FLOWS(1 HILL)
|
1
1983
IV |
1984
1
II
III
|
IV |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Total Net Borrowing and Lending in Credit Harkets (1)
1
Total net borrowing
in credit aarkets
2
3
4
5
6
7
8
9
Doaestic nonfinan. sectors
O.S. governaent
Private doaestic
Households
Fara business
Nonfara noncorp. bus.
Corporate business
State+local governaents
10
11
12
13
14
15
16
17
18
Foreign borr. in U.S.
Financial sectors
Sponsored credit agencies
Hortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
19
Total net lending
in credit aarkets
211.6
283.8
378.7
477.7
488.7
1
193.0
85.4
107.6
53.5
8.5
12.5
20.9
12.3
243.5
69.0
174.5
91.5
10.2
15.4
44.2
13.2
319.4
56.8
262.6
140.7
12.3
28.0
69.7
12.0
369.8
53.7
316.2
172.0
14.6
32.4
80.6
16.5
386.0
37.4
348.6
179.3
21.4
34.4
96.0
17.6
2
3
4
5
6
7
8
9
-3,753
3C,200
3,259
14,400
1,200
2,770
-2,773
11,336
8
11.3
7.3
3.2
7.1
.2
.6
-4.2
.5
-. 1
19.3
21.0
2. 1
12.2
.7
5.4
-1.7
4.3
-1.9
13.5
45.8
5.9
16. 1
.6
2.0
6.9
16.9
-2.5
33.8
74.1
23.5
13.6
.2
7.2
13.5
17.6
-1.4
20.2
82.4
24.8
23.1
.2
6.5
12.6
16. 5
-1.3
10
11
12
13
14
15
16
17
18
199,672 162,312 230,445 207,028 266,101 16f,702
199,672 162,312 230,445 207,028 266,101 165,702
161,708 140,390
36,180 49,427
125,528 90,963
66,710 40,196
-998
110
20,792 13,836
28,378 39,696
10,646 -2,875
7,454
30,510
3,200
13,269
-289
2,556
1,590
10,122
62
-2,206
24,128
5,543
11,124
-211
4,212
940
2,498
22
182,107 178,988 232,676 139,255
31,166 54,048 64,161 41,827
150,941 124,940 168,515 97,428
65,912 59,696 75,870 46,823
3,786
-920
2,098 -3,646
26,868 18,428 19,648
9,221
49,906 32,564 53,629 29,877
4,469 12,154 23,014 10,427
12,616
35,722
9,045
7,680
2,226
5,811
8,331
2,587
42
-9,386
37,426
12,456
12,194
-720
-1,537
8,110
6,906
17
-422
33,847
3,386
12,924
2,264
2,440
5,274
7,539
20
211.6
283.8
378.7
477.7
20
21
22
23
24
Private doa. nonfin. sectors
Households
Nonfara noncorp, business
Corporate business
State ♦ local governaents
39,371
20,549
1,946
5,276
11,600
22,371
20,431
434
2,143
-637
62,355
44,546
1,633
5,023
11,153
53,930
42,083
1,432
2,799
7,616
40,136
-1,191
2,443
15,683
23,201
42,611
38,633
871
-5,780
6,887
39.6
24.5
•8
12.3
1.9
38.7
21.7
1.2
8.0
7.7
36.5
28.8
.6
-5.3
12.4
59.6
41.3
1.4
3.7
13.2
99.6
71.2
1.8
5.2
21.5
25
26
Foreign
O.S. governaent
13,292
1,832
2,352
1,632
9,072
2,746
7,484
3,132
24,013
11,307
1,418
5,963
6. 1
13.4
15.2
7.9
39.6
10.0
38.0
17.1
-4.6 25
19.0 26
27
28
29
30
Financial institutions
Sponsored credit agencies
Hortgage pools
Federal reserve systea
145,177 135,957 156,272 142,482 190,645 115,710
6,037
3,190
6,117
4,566
3,910 12,118
13,269 11,124
7,680 12,194 12,924 14,400
-4,620 -1,841
1,988
6,116
-272
2,151
152.5
4.5
7.1
8.5
222.0
4.7
12.2
9.8
292.6
6.4
16. 1
7.1
363.0
26.7
13.6
7.0
374.6
30.0
23. 1
7.7
27
28
29
30
31
32
33
34
35
Coaaercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in O.S. poss.
54,092
53,573
63
385
71
38,723
37,894
35
686
108
47,395
46,984
214
68
129
35,475
34,111
234
904
226
58,349
53,59 3
355
4,173
228
16,153
17,606
422
-2,166
291
29.5
28.5
-.5
1. 1
•4
59.8
55.1
-.3
4.4
.6
87.8
81.9
.6
4.9
.3
128.5
109.6
-1.0
19.6
.2
123. 1
108.6
-.1
14.5
a
31
32
33
34
35
36
37
38
39
40
Private nonbank finance
Savings institutions
Savings ♦ loan assns.
Hutual savings banks
Credit unions
79,246
33,606
25,024
6,375
2,207
84,041
37,574
31,121
2,502
3,951
87,091
46,399
39,864
2,787
3,748
86,625 107,139
37,512 23,650
31,727 19,396
3,101
1,823
2,684
2,431
80,863
23,134
14,429
4,603
4,102
103.0
50.9
34.8
10.7
5.4
135.6
68.4
49.0
12.8
6.6
175. 1
78.5
60. 1
11. I
7.2
187.3
72.3
56. 1
8.8
7.3
190.8
56.5
49.3
4.4
2.8
36
37
38
39
40
488.7 19
20
21
22
23
24
41
42
43
44
45
Insurance sector
Life insurance cos.
Private pension funds
St.+loc.govt.rtr.funds
Cther insurance cos.
28,511
12,977
11,078
3,893
563
24,211
12,849
3,549
6,414
1,399
26,185
12,131
7,801
5,672
581
31,806
14,668
6,994
7,374
2,770
30,751
13,859
6,544
7,914
2,434
33,071
16,057
6,297
8,361
2,356
52.0
16.9
18.4
9.3
7.3
55.7
23.7
9.7
9.8
12.5
73.1
27.5
16.2
11.9
17.5
89.5
33.1
22.8
17.0
16.5
85.9
33.4
28.2
10.8
13.4
41
42
43
44
45
46
47
48
49
50
51
Finance n.e.c.
Finance coapanies
Beits
Hutual funds
Honey aarket funds
Brokers and dealers
17,129
13,983
-100
3,790
-511
-33
22,256
6,660
71
8,069
8,096
-640
14,507
10,510
100
4,678
957
-1,738
17,307
3,454
90
5,611
6,019
2,133
52,738
14,446
110
7,150
23,489
7,543
24,658
7,920
100
19,405
-600
-2,167
*
2.6
-4.8
.5
.7
1.0
11.4
11.7
-3.8
-.2
•6
3. 1
23.6
22.5
-2.4
3.9
-. 1
-.3
25.5
24.0
-1.1
•8
3.2
-1.3
48.5
27. 1
-1.0
1.9
19.8
.6
46
47
48
49
50
51
(1) Excludes corporate equities.
Total Liabilities and Their Eelation to Total Financial Assets
Net flows through credit aarkets (froa
1
preceding table)
199,672 162,312 230,445 207,028 266,101 165,702
Other financial sources:
2
1,377
Cfficial foreign exchange
-168
729
37
76 3
106
3
Treasury curr. and SCF ctfs.
141
86
174
155
83
139
211.6
283.8
378.7
477.7
488.7
1
.8
.9
2.5
1.2
•1
.3
.5
.5
*
1.6
2
3
113.4
18.7
98.0
1.3
-8.9
3.5
.8
147.8
24.8
121.6
*
-13.9
13.6
1.7
165.5
30.2
94.6
.2
28.3
10.9
1.3
183.5
32.7
65.4
6.9
54.5
21.6
2.4
181.3
35.8
61. 1
34. 4
27.8
16. 1
4
5
6
7
8
9
10
Deposits at financial insts.
Checkable deposits
Snail tiae + savings dep.
Honey aarket fund shares
Large tiae deposits
Security BP’s
Foreign deposits
83,013
8,430
41,554
-457
21,288
8,845
3,353
62,707
-4,256
37,628
11,228
8,152
9,496
459
78,510
11,875
32,105
3,854
33,508
-306
-2,526
62,826 124,083
6,208
6,493 32,824 -23,729
28,739 50,747 43,724
5,129 26,978 -3,030
15,544 18,882 -*,900
7,460
-358 -<,601
-539 -4,990
744
11
12
Life insurance reserves
Pension fund reserves
2,018
35,528
2,012
20,610
2,017
28,467
2,005
40,300
2,008
35,434
2,001
31,982
8. 1
46.8
8.8
51.3
9.5
62.2
11.2
75.5
13
14
15
16
17
18
19
Interbank claias
12,308 14,856 11,495
9,662
-831
Corporate equities
14,310 -1,850 -19,371 -6,619 -7,531
Security credit
12,215 -1,091
2,242
433
9,287
Trade debt
21,766
8,491
9,171 11,474
7,554
Profit taxes payable
3,187
4,519 -5,381
-202
1,589
Noncorp, proprietors* eguity -18,681 -10,903 -22,382 -12,616 -12,530
Hiscellaneous
11,167 30,755 39,740 25,358 35,606
13,308
4,845
-1,647
-2,118
-1,458
-S,017
32,973
-11.1
10.6
3.7
12.4
-2.7
-15.3
37.4
-8.9
10.6
12.7
19.3
8.0
-24.9
51.7
-1.1
6.5
2.2
28. 1
-.6
-25.0
45. 1
16.0
1.9
1.2
59.0
5.2
-24.6
71.8
22.7
-3.8
2. 1
60.9
2.8
-25.1
91.8
377,966 293,321 354,940 339,769 461,674 243,024
416.7
563.8
671.6
879.4
917.8 20
. 1
1.6
3.0
-. 8
.6
-4.4
1.5
1.8
-10.2
•
-.5
-4.2
.3 21
-. 1 22
-13.C 23
-31
3,979
-1,930
2,590
€,421
-. 1
-3.8
4.6
-1.0
5.5
-.1
-.9
9.3
.2
4.8
-.3
-5.4
5.5
-1.0
8.2
*
•8
10.9
1.5
12.1
356,639 301,096 363,307 347,692 425,358 252,311
406.6
555. 1
671.5
858.7
20 Total financial sources
21
22
23
24
25
26
27
28
29
- Floats not incl. in assets
Deaand dep.: U.S. govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security BP’s
Profit taxes payable
fliscellaneous
Totals allocated to sectors
as assets
1,101
-355
14,293 -6,644
16,548 -15,341
-522
-952
-4,140
852
-6,577
-8,168
371
3,279
17,396 -11,242
21,260 -14,353
17
11,510
-930
2,021
1,947
-69
3,755
-2,829
5
-3,615
-41
1,923
-1,231
-1,000
6,319
-40
1,930
-3,803
-730
-68
-78
-6,646
388
-936
-3,343
1/85 BASED ON INCOHPLETE INFOBHATION.
4
5
6
7
8
9
6. J 10
10.7 11
84.3 12
-.2
-1.7
3.4
1.8
15.6
13
14
15
16
17
18
19
24
25
26
27
28
911.7 29
JUNE 10, 1985
Total Claias
Total Clains
5i
Total Financial Assets and Liabilities
SEASOBALLI ADJOSTBD ABBOAL BATES
SEASOBALLI ADJOSTBD 1MH0AL BATES
1980
1981
1982
1983
1984
|
I
1984
1983 |
IV |
II
III
|
IT |
1985
1
Total Bet Borrowing and Lending in Credit Barkets (1)
Total net borrowing
in credit aarkets
1
1
434.7
491.8
488.8
635.9
865.9
757.2
780.2
882.9
776.1
1024.4
817.4
2
3
4
5
6
7
8
9
344.6
79.2
265.4
122.1
14.4
33.7
78. 1
17.2
380.4
87.4
293.1
127.5
16.3
40.2
102.9
6.2
404. 1
161.3
242.8
94.5
7.6
39.5
70.0
31.3
526.4
186.6
339.8
175.4
4.3
63.9
59.5
36.7
734.2
198.8
535.4
241.7
2.3
78.8
175.8
36.8
611.4
136.9
474.4
236. 1
11. 1
79.9
109.4
38.0
660.4
191.3
469.1
206.7
3. 1
68.9
180.6
9.7
717.5
163.5
554.0
274.9
-1.4
97.3
186.8
-3.7
664.9
186.3
478.6
216.3
6.7
73.4
126.4
55.8
893.9
254.1
639.8
268.8
•9
75.5
209.4
85.2
676.2
167.6
510.6
251.8
-.5
51.6
142.8
64.8
Doaestic nonfinan. sectors
0.S. governaent
Private doaestic
Households
Fara business
Bonfarn noncorp. has.
Corporate business
State+local governaents
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
16
27.2
62.9
25.6
19.2
.2
6.9
7.4
5.8
-2.2
27.2
84.1
32.4
15.0
-.1
8.3
15.5
12.8
•2
15.7
69.0
15.3
49.5
.6
1.9
2.5
-.9
.1
18.9
90.7
1. 4
66.4
-.2
8.6
-2.7
17.0
.2
•6
131.1
30.4
43.9
3.6
10.9
22.7
19.5
.1
31.7
114. 1
16. 2
53.4
-1.2
10.2
7.2
28.0
.2
-10.5
130.3
34.9
42.7
-.8
16.8
12.1
24.5
•1
48.8
116.5
26.8
33.9
8.9
23.2
26.2
-2.6
.2
-36.8
148.0
42.1
46.7
-2.9
-6.1
29.3
38.9
.1
•9
129.6
18.0
52.3
9.1
9.8
23.1
17.4
•1
-18.8
158.0
27.6
55.4
4.8
11.1
-3.5
62.5
*
Foreign borr. in O.S.
Financial sectors
Sponsored credit agencies
Bortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
10
11
12
13
14
15
16
17
18
19
434.7
491.6
486.8
635.9
865.9
757.2
780.2
882.9
776.1
1024.4
817.4
20
21
22
23
24
56.1
36.4
.4
1.3
18.0
70.6
42.6
2.7
15.6
9.6
94.2
51.4
1.8
11.8
29.1
142. 1
79. 1
3.7
19.2
40.2
178.8
105.9
5.9
25.6
41.3
165.7
101.4
5.6
15.4
43.3
118.2
73.4
3.6
23.4
17.7
224.8
176.0
8.4
28.2
12.2
200.6
152.3
4.8
-2.3
45.8
171.6
21.7
6.9
53.2
89.6
218.9
156.9
8.8
-5.8
58.9
25
26
23.2
23.7
16.3
24.1
18. 1
16.0
27. 1
9.7
42.9
18.8
48.6
10.5
13.8
7.6
41. 1
7.3
26.0
12.3
90.7
48.2
10.3
25.2
27
28
29
30
331.6
26.4
19.2
4.5
380.8
33.2
15.0
9.2
360.6
15.7
49.5
9.8
457.0
3.1
66.4
10.9
625.4
28.2
43.9
8.4
532.3
17.3
53.4
-20.4
640.6
29.9
42.7
21.9
609.8
39.4
33.9
12.3
537.1
13.3
46.7
-22.8
713.9
30.1
52.3
22.2
31
32
33
34
35
100.6
83.1
-.1
17.0
.5
102.3
95.6
.1
7.7
-1.1
107.2
106.2
.1
.3
•6
136. 1
134.6
-.2
1.2
.5
179.9
172.6
.8
5.8
.7
175.0
172.7
.3
1.7
.3
205.2
200.5
.1
4.2
•4
180.9
170.7
.9
8.8
.5
143.6
149.1
.9
-7.4
.9
36
37
38
39
40
181.0
54.5
46.2
5.9
2.4
221. 1
27.8
23.1
1.0
3.7
178.4
31.3
20.2
•6
10.6
240.6
136.8
101.6
18.4
16.7
364.9
145. 1
122.1
10.2
12.8
307. 1
140.9
105.6
25.6
9.8
340.8
144.8
121.0
6.1
17.7
343.2
183. 1
155.4
12.7
15.0
41
42
43
44
45
94.3
32.8
30.8
20.9
9.9
97.4
34.7
30.8
22.5
9.4
106.8
43.5
35.7
24.7
5.0
98.8
51.2
27.0
19.0
1.7
113.0
53.5
24.9
27.4
7.2
122.3
56.6
47.5
15.6
2.7
84.4
42.2
12. 1
25.7
4.4
46
47
48
49
50
51
32.1
13.9
-.7
4.8
14.9
-.7
96.0
27.0
-1.1
5.3
62.5
2.3
36.3
5.0
-.7
12.7
21.4
-.2
5.0
24.2
-.3
14.6
-21.4
-12.3
106.8
35.1
•4
25.5
38.6
7.3
43.8
38.2
-.4
15.2
-2.0
-7. 1
111.7
40.4
.3
32.3
32.4
6.4
Total aet lending
in credit aarkets
19
Private doa. nonfin. sectors
Households
Bonfarn noncorp, business
Corporate business
State * local governaents
20
21
22
23
24
Foreign
O.S. governaent
25
26
563.0
34.5
55.4
30.4
Financial institutions
Sponsored credit agencies
Bortgage pools
Federal reserve systea
27
28
29
30
190.1
170.0
1.4
17.7
•9
115.1
119.4
1.7
-7.1
1.2
Coaaercial banking
Coaaercial banks
Eank affiliates
Foreign banking offices
Eanks in O.S. poss.
31
32
33
34
35
356.3
150.1
128.0
14.5
7.7
419.2
102.5
84.1
7.5
11.0
327.5
84. 1
52.1
13.7
18.3
Private nonbank finance
Savings institutions
Savings ♦ loan assns.
Butual savings banks
Credit unions
36
37
38
39
40
109.3
51.1
31.7
22.7
3.9
126.9
61.4
26.0
29.5
10.0
131.2
59.3
29.8
31.7
10.4
119.0
54.4
23.1
33.4
8.1
Insurance sector
Life insurance cos.
Private pension funds
St•»loc.govt•rtr.f unds
Other insurance cos.
41
42
43
44
45
50.8
38.4
•4
18.7
3.8
-10.6
79.3
21.6
•4
22.4
24.1
10.8
185.5
39.8
•4
28.6
94.0
22.7
124.4
47.9
•4
77.6
-2.4
.9
Finance n.e.c.
Finance coapanies
Beits
Butual funds
Honey aarket funds
Brokers and dealers
46
47
48
49
50
51
(1) Excludes corporate eguities*
Total Liabilities and Their Belation to Total Financial Assets
1
434.7
491.8
488.8
635.9
865.9
780.2
757.2
882.9
776.1
Bet flows through credit narkets (froa
preceding table)
1024.4
817.4
Other financial sources:
Official foreign exchange
•4
3.1
Treasury curr. and SDB ctfs.
•6
•6
1
2
3
2
3
8.0
1.3
2.1
1.2
3.0
1.7
.5
.5
1.4
•6
5.5
.3
2.9
.7
-.7
•6
.1
.3
4
5
6
7
8
9
10
215.7
16.2
86.6
29.2
61.0
19.9
2.8
273.7
28.2
47.5
107.5
61.8
16.2
12.6
217.5
37.8
139.8
24.7
3.4
9.5
2.4
221.6
39.5
217.3
-44. 1
-18.1
24.C
3.0
328.1
46.9
149.2
47.2
76. 1
16.3
-7.6
226.4
-27.6
143.7
-1.8
69.0
29.7
13.4
344.3
92.8
70.6
44.9
93.8
40.4
1.8
335.7
37.9
176.1
15.4
109.3
7.1
-10.1
246.9
-12.9
174.6
20.5
39.7
27.2
-2.2
385.6
70.0
175.6
107.9
61.5
-9.5
-20.0
117.7
15.0
84.6
-15.1
50.6
-23.3
3.0
Deposits at financial insts. 4
5
Checkable deposits
6
Saall tiae ♦ savings dep.
7
Boney aarket fund shares
8
Large tiae deposits
9
Security RP’s
10
Foreign deposits
11
12
9.7
106.5
9.2
107.9
7.2
143.0
8.0
146.0
8.0
124.8
8. 1
151.5
8.0
101.4
8.1
118.4
8.0
127.4
8.0
152.0
8.0
147.4
Life insurance reserves
Pension fund reserves
13
14
15
16
17
18
19
-29.5
22.2
12.5
47.2
-3.1
-44.4
66.7
-15.8
-4. 1
.9
30.7
-8.4
-26.8
104.6
-12.2
35.3
6.5
-7.8
-14.1
-28.6
90.6
14.4
67.8
23.9
57.7
5.8
-65.0
73.8
35.2
-35.4
10.9
36.7
.5
-58.4
131.5
62.3
57.4
35. 1
70.7
.4
-79.9
80.2
56.0
-11.1
13.5
72.4
13.1
-43.2
96.5
29.5
-75.4
1.7
33.5
10.8
-76.4
147.2
43.1
-25.3
6.2
34.5
-16.6
-58.1
103.2
12.2
-29.7
22.2
6.4
-5.2
-56.0
179.0
49.8
15.2
12.5
35.4
-9.6
-32.8
104.3
13
Interbank claias
14
Corporate eguities
15
Security credit
16
Trade debt
17
Profit taxes payable
Boncorp. proprietors’ eguity 18
19
Biscellaneous
20
847.4
967.0
930.7
1190.8
1449.7
1375.3
1434.6
1415.8
1245.9
1702.6
1263.4 Total financial sources
21
22
23
-.6
2.3
-9.5
-1.1
4.1
4.6
-.4
3.2
-2.9
1.4
.1
-4. 1
.3
3.2
-6.4
4.2
-4.7
-3.6
-.6
7.3
-1.6
-7.3
5.1
-17.3
8.1
-1.2
-11.6
1.2
1. 7
4. 9
13.9
-12.0
3.1
24
25
26
27
28
-.2
-3.4
8.4
•6
-11.7
-.2
-2.4
-4.5
.7
2.6
-.2
15.7
-5.8
-. 1
5.0
-.2
-1.1
.3
. 1
4.6
-.1
19.1
-8.8
.3
4.6
-.3
-13.6
-6.7
*
16.9
.1
44.0
1.9
.4
-12.2
—.3
13.1
-3.6
-.9
-33.3
-.2
-3.8
-8.0
1.2
34.8
-.2
23.2
-25.6
•4
29.0
-. 1
14.2
-1.5
2.8
13.6
29
861.4
963.2
916.2
1189.8
1437.5
1383.2
1395.3
1460.2
1226.4
1667.9
1229.5
BILLIOHS OF DOLLARS.
1/85 BASED OH IHCOHPLETE IHFOBHATIOH.
- Floats not incl. in assets
Deaand dep.: O.S. govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security BP’s
Profit taxes payable
Hiscellaneous
Totals allocated to sectors
as assets
11
12
20
21
22
23
24
25
26
27
28
29
JUNE 10, 1985
Saving hy Individuals
Saving hy Individuals
Aaount and Coaposition of Individuals* Saving (1)
52
ONADJOSTED NET FLOWS($ HILL)
ONADJOSTED NET FLOWS(S HILL)
1
I
1 Increase in financial assets
2
Checkable deposits and curr.
3
Tiae and savings deposits
4
Honey aarket fund shares
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Securities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. govt, agency secur.
Tax-exeapt Obligations
Corporate * foreign bonds
Cpen-aarket paper
Hutual fund shares
Gther corporate eguities
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance ♦ pen. res.
Miscellaneous finan. assets
19 Gross inv. in tangible assets
20
Owner-occupied hoses
21
Other fixed assets (2)
22
Consuaer durables
23
Inventories (2)
1985
I
1975
125,596 102,540 135,072 137,573 122,804 103,337
5,594
6,731
2,520 10,406 -2,734
7, 039
50,632 46,015 59,820 53,916 57,520 35,483
-457 11,228
3,854
5,129 26,978 -3,030
174.4
6.9
84.2
1.3
210.3
15.7
106.2
•
235.7
19.9
108.2
.2
269.7
22.5
102. 1
6.9
293.9
21.5
74.4
34.4
1
2
3
4
34,966
928
8,691
8,565
6,259
13.3
4.0
10.9
-3.4
6.2
9.2
4.7
-1.0
2.7
2.0
16.8
4.7
8.2
5.5
-1.5
21.4
3.9
10.6
6. 1
4. 1
32.7
-.8
19.8
16. 4
10.4
5
6
7
8
9
1,487
1,267
1,494 -2,355
3,773 -2,980
5,321 -3,465
7,021 -4,689 -9,095 15,992
8,400 13,652
8,674
6,278
8,881 23,395
-2,565 -21,961 -22,577 -22,127 -25,359 -26,509
6.3
-6.0
-.3
-4.4
10.8
-4.8
-2.4
-2.6
-.2
3.9
.9
-4.8
-6.3
8. 1
-. 1
-5.2
-1.4
6.6
. 1
-18.4
10
11
12
13
1,974
10,777
10,744
14,051
6,322
1,954
12,389
5,692
9,948
4,669
7.9
8.7
23.1
15.1
13.8
8.6
15.0
18.9
17.7
19.2
9.3
16.8
23. 1
22.5
18.9
10.9
19. 1
28.8
27.9
30.2
10.4
19. 4
40.8
24. 4
36.0
14
15
16
17
18
140,674 132,122 141,677 146,349 155,160 136,182
33,322 34,355 28,099 34,077 35,526 36,421
25,318 24,592 31,209 29,758 27,142 25,427
82,934 69,407 79,972 78,738 90,650 74,969
3,776
-900
3,768
2,397
1,842
1,365
222.3
46.4
41.3
132.2
2.4
262.6
63.8
43.0
156.8
-1.0
320.8
83.0
56.5
178.2
3. 1
375.6
100.5
71.9
200.2
3.0
408. 1
107. 3
82. 1
213.4
5.3
19
20
21
22
23
1983 |
IV |1
25,959
920
-46
5,016
7,426
1984
II
I
11,985
764
21,525
2,887
-2,684
1,967
7,728
6,851
6,076
3,651
27,268
688
22,509
990
8,586
1,972
8,363
7,575
12,574
6,915
III
|
IV JI
28,086 -19,372
761
817
26,574 -20,854
12,944
6,905
8,929 17,839
1,959
12,332
2,780
25,234
5,617
1,962
12,631
8,807
14,042
9,830
BILLIONS OF DOLLABS
1976
1977
1978
1979
24 Capital consuaption allowances
25
Owner-occupied hoaes
26
Other fixed assets (2)
27
Consuaer durables
94,147
13,680
24,513
55,954
95,636
13,961
24,690
56,985
97,509
14,184
25,499
57,826
99,339 100,910 102,779
14,494 14,728 15,015
25,892 26,352 26,883
58,953 59,830 60,881
166.6
22.2
38.7
105.7
183.2
24.5
41.8
116.9
203.7
28.6
46.5
128.6
230.0
33.5
52.9
143.5
261.4
39. 1
61.3
160.9
24
25
26
27
28 Net inv. in tangible assets
29
Cvner-occupied hones
30
Other fixed assets (2)
31
Consumer durables
32
Inventories (2)
46,527
19,642
805
26,980
-900
36,486
20,394
-98
12,422
3,768
44,168
13,915
5,710
22,146
2,397
47,010
19,583
3,866
19,785
3,776
54,250
20,798
790
30,820
1,842
35,403
21,406
-1,456
14,088
1,365
55.7
24.2
2.6
26.5
2.4
79.4
39.2
1.2
40.0
-1.0
117. 1
54.4
10.0
49.6
3.1
145.7
67.0
19.0
56.7
3.0
146.7
68.2
20.8
52.5
5.3
28
29
30
31
32
33 Net increase in debt
34
Htg. debt on nonfara hoaes
35
Other aortgage debt (2)
36
Consuaer credit
37
Security credit
38
Policy loans
39
Other debt (2)
92,085
34,271
17,808
27,355
6,731
205
5,715
55,348 100,170
34,239 31,927
11,685 26,031
7,419 31,109
-350
1,720
197
-182
2,158
9,565
80,455
29,653
21,313
27,680
-1,434
493
2,750
93,340
33,430
16,118
30,279
-465
68
13,910
6C,319
36,445
9,320
14,158
1,363
-128
-839
78.4
40.6
18. 1
9.6
.7
1.6
7.9
126.7
61.4
21.3
25.4
4.8
1. 4
12.4
186.4
90.8
32.0
40.2
1.3
1.7
20.3
227.5
111.5
34.6
48.8
1.2
2.6
28.8
240.3
121.2
40.9
45.4
1.0.
4.7
27.0
33
34
35
36
37
38
39
40 Individuals* saving (1*28-33)
80,038
83,6 78
79,070 104,128
83,714
78.421
151.7
163.0
166.5
187.8
290.3 40
(1) Coabined statement foe households, fara business,
and nonfara noncorporate business.
(2) Includes corporate faras.
1/85 BASED ON INCOHPLETE INFOBHATION.
JUDE 10, 1985
Saving by Individuals
Saving by Individuals
53
mount and Conposition of Individuals* Saving (1)
SEASOHALIT ADJOSTED AHHOAL BATES
SEASOBALLI ADJOSTED AHHOAL BATES
III
|
IV |
576.3
41.1
249.9
15.4
489.5
-10.0
232.4
20.5
508.6
37.0
210.6
107.9
434.9 Increase in financial assets
Checkable deposits and curr.
.9
Tine and savings deposits
132.5
Boney narket fund shares
-12.1
1
2
3
4
32.7
4.7
60.4
23.9
.4
113.3
2.5
136.4
-2.7
10.5
89.8
2.9
67.5
43.9
42.4
-43.9
2.0
-65.2
29.8
77.4
135.0
5.3
14.6
48.6
37.4
Securities
O.S. savings bonds
Other O.S. Treasury secur.
O.S. govt, agency secur.
Tax-exenpt Obligations
5
6
7
8
9
2.0
27.3
33.7
-3.3
9.6
-25.2
50.9
-92.0
21.0
3.8
27.2
-85.3
-16.9
10.4
35.9
-96.3
.6
-30.0
36.0
-94.4
-4.1
53.7
89.4
-109.9
7.9
41.1
26.0
57.9
26.0
7.9
43. 1
44.2
64.4
23.6
7.9
30.9
23.8
46.9
15.6
7.9
33.5
30.0
55.2
30. 1
7.8
49.3
13.5
64.8
21.4
7.8
50.5
36.8
64.9
36.9
7.8
49.6
34.5
63.5
23.1
483.8
108.2
106. 1
279.8
-10.3
575.3
132.1
112.7
318.8
11.8
530.8
124.4
106.6
299.8
*
566.1
127.0
110.8
310.9
17.4
572.2
132.6
111.6
320.7
7.4
577.5
134.8
114.5
317.2
11.0
585.4
133.9
114.0
326.3
11.3
593.2 Gross inv. in tangible assets
Ovner-occupied hoaes
135.7
Other fixed assets (2)
114.8
Consuner durables
334.5
Inventories (2)
8.2
19
20
21
22
23
349.4
51. 1
88.6
209.6
367.0
53.2
95.5
218.3
393.4
57.4
102.4
233.6
376.6
54.7
98. 1
223.8
382.5
55.8
98.8
227.9
390.0
56.7
102.0
231.3
397.4
58.0
103.6
235.8
403.6
58.9
105.4
239.3
411.1 Capital consuaption allowances
Owner-occupied hones
60.1
107.5
Other fixed assets (2)
Consuaer durables
243.5
24
25
26
27
110.7
47.6
15. 1
39.1
9.0
71.6
24.1
15.9
35.5
-4.0
116.8
54.9
10.7
61.5
-10.3
181.9
74.7
10.3
85.2
11.8
154.2
69.7
8.5
75.9
*
183.6
71.1
12.0
83.0
17.4
182.2
75.8
9.6
89.4
7.4
180.1
76.8
10.9
81.4
11.0
181.8
75.0
8.6
86.9
11.3
182.1 Het inv. in tangible assets
Owner-occupied hoaes
75.6
Other fixed assets (2)
7.3
Consuaer durables
91.0
Inventories (2)
8.2
28
29
30
31
32
180.3
98.3
34.8
6.3
6.5
6.7
27.8
186.8
78.7
37.8
26.7
-1.6
7.4
38.0
145. 1
51.6
36.2
21.0
3.3
4.2
28.8
266.6
103.2
61.2
51.3
19.2
1. 1
30.7
329.3
129.2
75.1
96.5
-.5
.6
28.4
349.4
136.0
77.5
84.6
26.9
•8
23.5
283.6
120.8
59.5
78.8
-1.4
•8
25.0
385.3
147.6
92. 1
125.4
6.9
-.7
14.1
297.3
115.0
77.6
90.2
-5.7
2.0
18.2
351.1
133.6
71.4
91.5
-1.9
•3
56.2
315.7 Het increase in debt
Btg. debt on nonfara hones
126.1
Other aortgage debt (2)
50.8
Consuaer credit
119.4
Security credit
5.5
Policy loans
-.5
14.5
Other debt (2)
33
34
35
36
37
38
39
40
41
42
234.7
35.3
32.8
273.9
41.0
39.1
296.3
49.2
35.5
300.3
58.7
61.5
350.6
57.9
85.2
316.5
64.4
75.9
317.5
46.9
83.0
373.2
55.2
89.4
372.4
64.8
81.4
339.3
64.9
86.9
40
41
42
43
44
45
1.8
-.5
165.3
2.7
-.8
192.0
2.4
-.5
209.7
4.4
-. 1
175.8
6.0
.3
201.2
7.5
*
168.7
10.6
.2
176.9
5.5
•2
222.9
4.3
.3
221.6
3.8
.4
183.3
301.3 Individuals* saving (1*28-33)
63.5 - Govt, insurance ♦ pen. res.
91.0 - Het investaent in cons. dur.
- Capital gains dividends
froa autual funds
1.1
• 6 - Het saving by fare corps.
145.2 = Personal saving, f/E basis
46
110.2
137.4
136.0
118. 1
156.1
128.6
152.5
144.8
164.1
163.0
118.3 Personal saving, HIPA basis
47
55.2
54.6
73.7
57.7
45.1
40.0
24.4
78.1
57.5
20.4
I
1
1983 |
IV |
1984
1980
1981
1982
1983
1984
1
2
3
4
326.3
10.2
126.5
29.2
350.0
35.5
66.7
107.5
369.8
16.5
119.2
24.7
450. 1
39.9
198.5
-44. 1
498.0
26.7
217.3
47.2
511.7
16.6
184. 1
-1.8
417.5
38.7
176.2
44.9
5
6
7
8
9
5.9
-7.3
13.9
6.9
7.0
-10.6
-4.3
24.2
4.5
10.3
23.2
•2
19.7
-8.3
32.7
91.7
3. 1
39.0
8.5
41.0
48.0
3.0
49.8
23.7
32.7
129.6
2.3
10.0
21.8
35.9
10
11
12
13
-5.7
-.8
5.2
-13.2
-8.1
-7.3
6.3
-36.3
-5.2
-8.0
18.4
-26.2
2.0
-6.8
32.8
-28.0
3.6
-10.2
37.5
-92.0
14
15
16
17
18
9.7
22.3
48.9
35.3
38.3
8.9
29.5
37.6
41.0
33.9
7.0
39.7
54.3
49.2
36.0
7.8
40.2
47.3
58.7
10. 1
19
20
21
22
23
386.7
100.3
78.3
214.7
-6.6
437.2
96.0
96.7
235.4
9.0
421.0
75.2
104.6
245. 1
-4.0
24
25
26
27
298.0
44.1
72.0
182.0
326.5
48.5
81.6
196.3
28
29
30
31
32
88.7
56.2
6.3
32.8
-6.6
33
34
35
36
37
38
39
I
II
1985
1
Corporate ♦ foreiga bonds
Open-aarket paper
Hutual fund shares
Other corporate eguities
10
11
12
13
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance ♦ pen. res.
Hiscellaneous finan. assets
14
15
16
17
18
26.9 Difference
(1) Conbined statenent toe households, fara business,
and nonfarn noncorporate business.
(2) Includes corporate faras.
BILLIOHS OF DOLLABS.
1/85 BASED CH IHCOHPLETE IHFOBHATIOB.
43
44
45
46
47
JUNE 10, 1985
Discrepancies
Discrepancies
Discrepancies - Suaaary for Sectors and Transactions
54
UNADJUSTED NET FLOWS($ BILL)
UNADJUSTED NET FLOWS($ BILL)
}
|
1983 1
IV |
1984
I
II
III
)
IV |
1985
I
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
7.6
-25.7
1.5
9.0
6.0
27.5
Sector Discrepancies
1 Total, all sectors
2
Households
Nonfin. corporate business
3
4
State and local governaents
5
U.S. governaent
Foreign
6
22,315 -5,269 -3,700 -5,681
2,529 -25,656 -15,419 -11,068
22,155
7,834 10,851
2,689
2,728
3,664
822 -6,826
7,885
2,570 -1,714
3,948
5,660
-244 12,972
-4,705
34,314 —5,196
7,056 -27,283
21,851
7,783
2,842
3,712
7,137
601
3,586
4,587
4.6
-15.5
6.0
5.4
2.7
5.7
3.6
-22.5
9.2
6.3
4.8
9.6
-1.3
-16.0
16.5
1.9
5.8
-2.9
23.2
-13.0
23.8
4.8
3.9
11.5
1
2
3
4
5
6
7
8
9
10
Financial sectors
Sponsored credit agencies
Honetary authority
Coaaercial bants
-4,340
434
-2,167
-4,656
20
-1,018
-2,280
180
-1,104
-1,734
51
-3,637
-1,622
118
-583
-1,132
32
-1,125
•3
.3
.1
-3.8
•3
-1.4
-6.5
•4
-6.1
-7.9
.5
-8.0
11
12
13
14
15
16
Private nonbank finance
Savings and loan assns.
Hutual savings banks
Life insurance
Other insurance
Finance n.e.c.
-2,607
-120
-349
-93
-119
-1,926
-3,658
39
144
-1,091
-256
-2,494
-1,356
223
204
-364
405
-1,824
1,852
135
137
287
-313
1,606
-1,157
104
179
-636
194
-998
-39
25
37
-790
-238
927
-.1
*
-.1
-.4
-.9
1.2
-2.6
-.2
-.2
.2
-2.8
.3
-.8
-.5
-.3
-.2
-.1
1.6
-.7
-.9
-1.9
-.3
♦
-.7
1. 1
-2. 1
11
12
13
14
15
16
-.3
1.5
-1.5
-10.7 7
.6 8
9
-9.4 10
Transaction Discrepancies
1 Total, all types
Treasury currency
2
Interbank claias
3
4
Security BP’s
Deaand deposit sail floats;
5
U.S. governaent
6
ether
7
8
9
10
11
12
Trade credit
Profit taxes payable
Hiscellaneous
Nonfinancial
Nonfinancial conponents:
NIPA discrepancy (neg.)
Pvt. wage accr. less disb.
22,315
-78
-6,646
388
-5,269
17
11,510
-930
-3,700
-69
3,755
-2,829
-5,681
-41
1,923
-1,231
34,314
-40
1,930
-3,803
-5,196
-31
3,979
-1,930
4.6
-.1
-3.8
4.6
3.6
-. 1
-.9
9.3
-1.3
-.3
-5.4
5.5
23.2
4
•8
10.9
7.6
-.2
-1.7
3.4
1
2
3
4
1,101
14,293
-355
-6,644
-522
-952
852
-6,577
371
3,279
17,396 -11,242
.1
1.6
-.8
•6
1.5
1.8
4
-.5
.3
-. 1
5
6
16,548 -15,341
-936
2,021
1,947
-3,343
988
2,506
-4,140
5
-3,615
4,667
-8,168
-1,000
6,319
2,242
21,260 -14,353
-730
2,590
-68
€,421
-2,002
4,091
3.0
-1.0
5.5
-5.5
-4.4
.2
4.8
-5.1
-10.2
-1.0
8.2
-1.3
-4.2
1.5
12.1
2.5
-13.0 7
1.8 8
15.6 9
1.5 10
-4,667
-
-2,242
-
5.5
-
5. 1
-
1.3
-
-2.5
-
-1.5 11
- 12
-988
-
1/85 BASED ON INCOMPLETE INFOBHATION.
-2,506
-
2,002
-
-4,091
-
JUNE 10, 1985
Discrepancies
Discrepancies
Discrepancies - Sunnary for Sectors and Transactions
SEASONALLY ADJUSTED ANNUAL NATES
1980
1981
1982
SEASONALII ADJUSTBD ANNUAL NATES
1983
1984
I
I
1983 I
iv 1
1984
I
II
III
IV |
1985
I
Sector Discrepancies
1
2
3
4
5
6
-16.3
—55.2
17.6
6.9
-.5
21.6
-1.9
-54.6
30.0
*
9.6
22.6
15.0
-73.7
51.3
-2.3
3.2
40.8
•6
-57.7
52. 1
-1.0
8.6
7.2
19.7
-45.1
43.2
.5
9.3
22.0
-3.1
-40.0
50.3
1.6
15.0
-13.3
37.0
-24.4
37.0
.3
25.7
11.9
-35.4
-78.1
41.6
.5
1.2
18.8
32.5
-57.5
46.9
.3
8.9
36.9
44.6
-20.4
47.4
.9
1.6
20.3
7
8
9
10
-6.8
1.1
-9.7
-9.4
.7
-7.9
-4.4
.8
-7.0
-8.6
.7
-8.4
-10.3
•4
-6.3
-16.7
.6
♦
-11. 4
-13.6
.2
*
-4.0
-19.4
1.4
-4.2
-3.0
•6
-12.1
-5.3
-.8
♦
-5. 1
11
12
13
14
15
16
1.8
.7
-.2
.5
4.2
-3.3
-2.2
-.3
-.4
1.2
1.0
-3.8
1.8
1.2
-.7
*
1.3
*
-.8
.1
-.5
.8
-.8
-.4
-4.3
.5
.7
-1.8
*
-3.7
-5.8
-.6
-1.3
-.6
-.9
-2.4
-9.8
.3
.8
-1.9
•2
-9.2
-16.7
.9
1.0
-1.9
*
-16.6
8.6
.5
-.1
-1.5
-.2
9.8
•6
.3
1.0
-1.9
.1
1.2
— ...----------r_—----- .
------T------------Transaction Discrepancies
——————
————————— “ “ ——————
------------
------ „--------
40.8 Total, all sectors
Boeseholds
-26.9
Nonfin. corporate business
35.9
State and local governaents
.7
U.S. governaeat
23.2
6.6
Foreiga
1
2
3
4
5
6
1.2
.3
-4.4
Financial sectors
Sponsored credit agencies
Bonetary authority
Coaaercial banks
7
8
9
10
5.2
.2
•4
-.4
•4
4.6
Private nonbank finance
Saviags and loan assns.
Butual savings banks
Life insarance
ether insurance
Finance n.e.c.
11
12
13
14
15
16
40.8 To^al, all types
-.1
Treasury currency
14.2
Interbank claias
-1.5
Security BP’s
Deaand deposit nail floats:
U.S. governaent
13.9
Other
-12.0
1
2
3
4
—
——-
1
2
3
4
-16.3
-.2
-3.4
8.4
-1.9
-.2
-2.4
-4.5
15.0
-.2
15.7
-5.8
.6
-.2
-1. 1
.3
19.7
-.1
19.1
-8.8
-3.1
-.3
-13.6
-6.7
37.0
.1
44.0
1.9
-35.4
-.3
13.1
-3.6
32.4
-.2
-3.8
-8.0
44.6
-.2
23.2
-25.6
5
6
-.6
2.3
-1.1
4.1
-.4
3.2
1.4
.1
.3
3.2
4.2
-4.7
-.6
7.3
-7.3
5.1
8.1
-1.2
1.2
1.7
7
8
9
10
-9.5
•6
-11.7
-2.3
4.6
.7
2.6
-5.6
-2.9
-. 1
5.0
.5
-4.1
. 1
4.6
-.5
-6.4
.3
4.6
7.4
-3.6
♦
16.9
4.8
-1.6
•4
-12.2
-2.2
-17.3
-.9
-33.3
9.0
-11.6
1.2
34.8
13.0
4.9
•w
29.0
9.9
3.1
2.8
13.6
7.0
11
12
2.3
•
5.6
-.5
-
.5
-7.4
-4.8
•
2.2
-
-9.0
-13.0
•
-9.9
-
-7.0
BILLIONS OF DOLLABS.
1/85 BASED ON INCOBfLETE INFOBBATION.
Trade credit
Profit tares payable
Biscelianeous
Nonfinancial
Nonfinancial conponents:
NIPA discrepancy (neg.)
Pvt. vage accr. less disb.
5
6
7
8
9
10
11
12
@FedFRASER