The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Z.l
May 1984
Flow of Funds
1984: Q1
Flow of Funds Accounts,
First Quarter 1984
Seasonally Adjusted and Unadjusted
Board of Governors of the Federal Reserve System, Washington, D.C. 20551
CONTENTS
iii
Credit Aggregate Growth Rates
SUMMARY TABLES
1
2
4
Income and Product Distribution
Funds Raised in Credit Markets
Credit Market Supply of Funds
SECTOR TABLES
6
8
10
12
14
16
18
20
22
24
26
Households
Total Nonfinancial Business
Noncorporate Business
Nonfinancial Corporate Business
State+Local Governments
Foreign
U.S. Government + Credit Agencies
Banking System
Commercial Banking Subsectors
Nonbank Finance Summary
Savings Institutions
Insurance + Pension Funds
Finance N.E.C.
TRANSACTION TABLES
28
30
32
34
36,:
40
42
44
46,'
50
52
54
Monetary and Insurance Reserves
Interbank Claims
Deposit Claims
U.S. Government Securities
Private Securities
Mortgages
Consumer Credit and Bank Loans N.E.C.
Open Market Paper
Other Loans
Security Credit, Trade Credit, and Taxes
Miscellaneous
Total Claims
Savings By Individuals
Discrepancies
Flow of Funds Accounts
First Quarter 1984
Credit aggregates*
Growth rates for total debt of domestic
nonfinancial sectors appear on page iii following, and outstanding amounts
of that debt are on page iv.
Growth rates in the table are calculated by
dividing the net flow of credit, at seasonally adjusted annual rates, by the
outstanding level of debt at the beginning of the period. Quarterly levels
used as the base for the calculation are year-end levels incremented through
the year by seasonally adjusted flows (at quarterly rates) with allowance for
statistical discontinuities that exist in the data. The table includes recent
quarterly outstandings calculated in this fashion.
An unusual aspect of first-quarter financial flows was the large
liquidation of equities in nonfinancial corporations, which appears in the
accounts as a net $15 billion outflow from the sector in actual amounts.
(Page 2, bottom panel, line 4; page 10, line 41; page 34, bottom panel, line
4; $60 billion net outflow at annual rates) This estimate reflects, among
other things, about $20 billion of cash retirements of equity shares through
mergers, treasury stock purchases, leveraged buyouts, and related transactions
One half of the $20 billion was in a single petroleum industry merger and the
rest was in a long list of much smaller transactions. These stock liquida
tions were financed from a variety of sources including bank loans, commercial
paper, and foreign direct investment inflows, but some sources are not
apparent yet in this preliminary form of estimates.
Preliminary estimates. Figures shown for the most recent quarter
in these tables are based on preliminary and incomplete information and are
therefore only tentative. At the end of this preface is a list of the
principle sources of information that were available in putting together
the quarter on this preliminary basis, and the significance of individual
items in the tables should be judged on the basis of the list. The list is
summary in form and is by no means a complete statement of sources of data
or of derivation methods. Because much of the source information consists
of sector balance sheets or statements of activity, the list is organized
mainly in terms of sectors. For nonfinancial activity included in the
accounts, however, such as sector income and capital outlays, the Commerce
Department’s income and product accounts are the principal source, and this
part of the system is included separately at the beginning of the list.
The items that are shown as available are in general also
preliminary in the sense that they are subject to revision once a year on
the basis of benchmark data.
'‘Available” for them means that the basic
quarterly estimates have been completed in a form that will usually stand
until the next annual revision. Virtually all quarterly data sources are
i
compiled within five or six months of the end of the quarter, and the
distinction between the two columns is not between final and preliminary
versions of data but rather between those source estimates that are fully
ready when the first quarterly estimate is put together and those that are
not yet completed.
Availability.
This publication is part of quarterly series that
is usually available at the middle of the second month following the last
quarter reported and that is distributed to a mailing list. The process of
printing and mailing causes delays of up to two weeks or more from the time
the estimates are completed, and to facilitate earlier access in the meantime
copies of the computer printouts are distributed to Federal Reserve Bank
information offices for use by the public.
The current quarterly tables are an extension of a body of data
that begins in 1946 in annual form and in 1952 quarterly. Annual-total flows
and year-end outstandings were most recently published in Flow of Funds
Accounts 1949-78 (December 1979). That publication is superceded, however,
by the historical revisions that first appeared in the August 1981 publication
in this quarterly series, and a replacement volume will appear in the near
future. Meanwhile, quarterly data are available in computer data tape form
for the complete set of accounts or in specific printings of selected tables
on request. A complete set of tables on levels, or stocks, of financial claims
will be published soon.
Requests and inquiries about the data, historical tabulations and
computer tapes of the data should be addressed to:
Flow of Funds Section
Room B-5100, Stop 95
Board of Governors of the
Federal Reserve System
20th and Constitution Ave.
Washington, D. C.
20551
(202) 452-3482.
ii
MAY 22, 1984
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES
(BILLIONS OF DOLLARS)
----- -------------------- DOMESTIC NONFINANCIAL----------------------STATE 8
U.S.
PVT.
HOUSE- NONFIN.
LOCAL
TOTAL
GOVT.
NONFIN.
HOLDS BUSINESS GOVTS.
VONFOREIGN
FINANCIAL
FINANALL
CIAL
SECTOR
PRIVATE
FINANCIAL
ASSETS
ANNUAL CHANGE (PER CENT)
1969
1970
6.9
6.9
-1.3
4. 1
9.4
7.7
8.2
5.5
11.0
9.8
8.4
8.2
7.5
5.0
7.0
6.9
35.4
13.5
8.5
7.3
5.5
6.9
1971
1972
1973
1974
9.6
10.3
10.8
9. 1
8.3
4.6
2.4
3.4
10.0
11.7
12.9
10.4
9.3
12.3
13.1
8.0
10. 1
12. 1
14.3
13.3
11.9
8.7
7.3
8.0
9.3
9.3
10.5
22.4
9.6
10.2
10.8
9.6
8.9
19.2
30.9
20.1
9.6
10.9
12.4
10.5
9.6
12.0
11.9
9.0
1975
1975
1977
1978
9.2
10.6
12.6
13.0
23.7
15.5
11.0
9.4
6.2
9.5
13.0
13.9
7.2
11.5
15.8
16.9
5.2
8.3
12.1
12.5
6.6
6.8
6.5
7.5
14.2
21.2
12.2
27.2
9.4
11.0
12.6
13.6
3.1
8.8
17.5
24.3
8.8
10.8
13.0
14.6
10.1
10.8
10.3
11.2
1979
1980
1981
1982
12.0
9.5
9.6
9.2
6.0
11.9
11.8
19.4
13.5
9.0
9.0
6.7
15. 1
8.7
8.2
5.4
13.2
9.7
1 1.2
7.1
7.5
6.9
3.1
11.2
12.5
14.9
13.0
6.6
12.0
9.8
9.7
9.0
21.6
13.6
16.2
11.3
13.0
10.2
10.5
9.3
12.0
10.1
11.1
9.1
1983
11. 1
18.8
9. 1
10.0
7.5
12.2
7.8
11.0
13.1
11.2
10.8
QUARTERLY GROWTH RATES
(SEASONALLY ADJUSTED ANNUAL RATES)
1981 — I
II
III
IV
9.5
10. 1
8.5
8.8
14.0
9.4
5.8
16.1
8.5
10.3
9. 1
7.1
9.2
9.7
8.2
4.9
8.8
12.8
1 1.6
10.0
4.0
1.8
2.2
4.2
14.3
15.6
10.3
9.4
9.8
10.4
8.6
8.8
12.2
20.3
21.9
6.9
10.0
11.5
10. 1
8.6
11.1
10.4
10.6
10.6
1982 — I
II
III
IV
7.7
8.7
9.8
9.3
11.5
13.8
23.4
24.0
6.8
7.4
6.5
5.5
4.7
6.2
4.8
5.7
9. 1
7.6
7.8
3.2
5.6
12.4
9.0
16.3
4.9
6.6
5.5
11.6
7.5
8.6
9.6
9.4
12.0
16.7
5.9
8.8
8. 1
9.6
9.2
9.3
7.1
8.7
9.4
10.0
1983 — I
II
III
IV
9.0
12.2
10. 1
11.4
19.5
25.9
15.2
10. 1
6.2
8.4
8.6
11.8
7. 1
8.8
10.2
12.2
4.8
5.6
7.4
1 1.4
8.4
19.4
6.9
11.9
6.9
9.2
3.4
10.9
8.9
12.0
9.8
11.4
11.8
9.8
11.9
16.4
9.2
11.8
10. 1
12.0
10. 1
10.8
9.3
11.2
1984 — I
12.3
14.2
11.8
13.7
1 1.6
4.3
-8.9
11.4
17.5
12.1
10.2
- iii
HAY 22,
DEBT
1984
DEBT
GROWTH BATES OF MAJOR DEBT AGGREGATES
(BILLIOHS OF DOLLABS)
- - - STATE £
LOCAL
HOUSE NONFIN.
HOLDS BUSINESS
GOVTS.
DOMESTIC NONFINANCIAL----TOTAL
U.S.
GOVT.
PVT.
NONFIN.
FOREIGN
NONFINAN
CIAL
FINAN
CIAL
ALL
SECTOR
PRIVATE
FINANCIAL
ASSETS
YEAR-END OUTSTANDINGS
1968
1969
1970
1971
1972
1252.5
1339.5
1432.3
1569.9
1730.9
292.6
289.0
300.8
325.7
340.8
959.9
1050.5
1131.5
1244.2
1390.1
421.3
455.9
481.0
526.2
591.0
411.3
456.7
501.3
551. 1
617.8
127.2
137.9
149.2
166.9
181.4
45.0
48.3
50.6
54.8
60.6
1297.5
1387.8
1482.9
1624.7
1791.6
73.9
100.5
114.1
124.2
148.2
1371.3
1488.3
1597.0
1748.9
1939.8
887.4
937.3
1002.1
1098.4
1228.6
1973
1974
1975
1976
1977
1919. 1
2094.2
2288.8
2532.6
2854.1
349. 1
360.8
446.3
515.8
572.5
1570.1
1733.4
1842.6
2016.9
2281.5
670.5
724.2
776. 1
866.5
1004.1
705.9
800.0
84 3.5
912.2
1023.9
193.7
209.2
222.9
238.2
253.6
67.0
79.8
91.2
110.6
123.9
1986.2
2174.0
2380.0
2643.2
2978.0
194.0
232.6
239.9
261.1
307.1
2180.2
2406.7
2619.9
2904.3
3285.0
1374.3
1500.2
1652.2
1830.7
2020.5
1978
1979
1980
3218.1
3604.2
3946.9
626. 2
663.6
742.8
2591.9
2940.7
3204. 1
1171.8
1348.9
1468.8
1147.3
1298.5
1421.7
272.7
293.2
313.6
161.9
182.5
209.6
3380.0
3786.7
4 156.4
381.6
465.3
528.6
3761.6
4252.0
4685.1
2245.5
2516.5
2775.0
QUARTERLY OUTSTANDINGS, SEASONALLY ADJUSTED
1981 -- I
II
III
IV
4040.5
4142.8
4230.8
4323.8
763.7
786.7
798.0
830. 1
3271.9
3356.2
3432.8
3493.7
1502.5
1538.7
1570.2
1594.2
1452.7
1499.3
1542.7
1576.3
316.7
318. 1
319.9
323.2
217.3
225.8
231.6
237.0
4257.9
4368.6
4462.4
4560.8
544.8
572.3
603.7
614.0
4802.6
4940.9
5066.0
5174.8
2852.2
2926.7
3004.6
3084.9
1982 -- I
II
III
IV
4406.1
4501.6
4605.8
4710. 1
854.0
883.6
935.2
991.4
3552.1
3618.0
3670.5
3718.7
1612.8
1637.8
1653.2
1674.4
161 1.6
1642.3
1671.8
1684.8
327.8
337.9
345.5
359.6
211.3
214.8
217.7
226.4
4617.5
4716.4
4823.5
4936.5
632.5
658.9
668.7
686.8
5250.0
5375.3
5492.2
5623.3
3130.5
3198.6
3275.5
3364.1
1983 — I
II
III
IV
4826.9
4973.8
5099.3
5244.8
1039.6
1107.1
1149.0
1177.9
3787.2
3866.7
3950.3
4066.8
1709.9
1747.5
1792.3
1847.0
1710.2
1734.2
1766.3
1816.5
367.2
385.0
391.6
403.3
230.3
235.6
237.6
244. 1
5057.1
5209.4
5336.9
5488.8
707.3
724.7
746.3
776.9
5764.5
5934.0
6083.2
6265.7
3451.6
3544.4
3627.1
3728.5
1984 — I
5406.0
1219.8
4186.2
1909.5
186 9. 1
407.6
238.6
5644.6
810.8
6455.4
3830.7
- IV -
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 other
sectors•
available
3•
Farms
Bank loans. For sponsored agency
loans, see item 9 below.
U.S. Government loans.
below.
4.
Nonfarm noncorporate business
Bank and finance company loans,
mortgage borrowing, open-market
paper
Net trade debt
5.
Nonfinancial corporate business
For preceding quarter:
working
capital, net security issues,
foreign direct investment. For
current quarter:
gross security
offerings, mortgages, bank loans,
open-market paper, finance company
loans•
Working capital, foreign direct
investment, U.S. Government loans
6•
State and local governments
Gross security offerings, deposits
at banks, two months of quarter
for Government security holdings
Security retirements, last month
of quarter for holdings for
Government securities
7.
Rest of the world (U.S.
(International Transactions)
Preceding quarter complete except
reports by U.S. nonbanking concerns.
Current quarter for bank-reported
capital movements.
Direct investment flows for current
quarter and claims and liabilities of
U.S. nonbanking concerns for two
quarters.
for this sector are almost entirely residual and derived from data
sectors. Availability is thus dependent on schedules for other
Principal types of borrowing—mortgages and consumer credit—are
in time for first quarterly estimates.
v
See item 9
FINANCIAL—
8.
Available
Major items missing
Monthly Treasury Statement of Receipts
and Outlays for last month of quarter,
Federal Financing Bank Statement
Loans outstanding except at Federal
Financing Bank
Sponsored credit agencies
Balance sheets for FNMA, 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
Two months of quarter
Last month of quarter
15.
Credit unions
Deposit flows and consumer credit
Other assets
16.
Life insurance companies
Two months of quarter
Last month
17.
Private Pension Funds
Third quarter 1981
Later quarters
18.
State and local government
retirement system
Preceding quarter
Current quarter
19.
Other insurance companies
Preceding quarter
Current quarter
9.
U.S, Gove rnment
- vi
FINANCIAL—
Av ailable
Major items missing
20.
Finance companies
Complete
None
21.
REIT’s
Preceding quarter
Current quarter
22.
Investment companies and
money market funds
Complete
None
23.
Security brokers and dealers
Borrowings
Assets
- vii
BAY 22, 1984
Incoae and Product Distribution
Incoae and Product Distribution
Incoae and Product Accounts:
GNP Expenditures and Gross Saving
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1
1
1982 1
iv
1
1983
1984
I
|
1
1979
1980
1981
1
2417.8
263 1.7
2 954. 1
3073.0
3310.5
3109.6
3171.5
3272.0
3362.2
3436.2
3541.7 Total GNP
1
2
3
4
5
6
1981.5
1507.2
213.4
306.0
168.3
2205.9
1668.1
214.7
340.8
197.0
2452.9
1857.2
236. 1
366.5
229.2
2641. 1
1991.9
244.5
390.5
258.7
2847.5
2158.0
279.4
414.7
274.8
2726.6
2046.9
252. 1
400.5
279.2
2750.5
2073.0
258.5
404.0
273.5
2830.4
2147.0
277.7
409.7
273.7
2879.4
2181.1
282.8
420.2
278.1
2929.9
2230.9
298.6
424.9
274.1
2995.3 Current outlays
2287.8
Households
314.9
Of which consuaer durables
State and local governnents
435. 1
U.S. Governaent
272.4
2
3
4
5
6
7
8
9
10
11
12
13
423.0
408.8
118.6
5.0
91.3
91.1
1.7
401.9
411.7
102.9
4.5
75.0
75.2
1.8
474.9
456.5
104.3
4.9
74.6
76.9
1.3
414.5
439. 1
90.8
4.8
61.6
59.0
1.5
471.9
478.4
130.0
5.9
93.6
85.5
1.5
377.4
433.8
96.8
4.7
67.9
62. 1
2.3
404. 1
443.5
111.3
5.6
78.8
67.0
1.3
450. 1
464.6
128.4
5.9
94.6
81.1
1.5
501.1
492.5
141.5
6.1
102.2
94.0
1.6
532.5
512.8
138.8
6.0
98.9
100.0
1.6
14
15
16
-1.5
-.8
-.8
-2.0
-1.0
-1.0
-3.6
-1.8
-1.8
1. 1
.5
.5
6.6
3.3
3.3
3.5
1.7
1.7
10.6
5.3
5.3
12.0
6.0
6.0
6.6
3.3
3.3
-2.7
-1.3
-1.3
17
18
19
20
21
22.3
14.8
4.9
2.6
-
23.4
17.0
3.9
2.5
-
24.8
14.8
7.4
2.6
24.3
13.2
8.7
2.3
. 1
30.5
14.7
12.3
3.5
.1
24. 1
13.5
8.0
2.5
. 1
26.9
14.0
9.9
2.8
.1
27.8
14.4
10.3
3. 1
. 1
33.2
15.0
14.3
3.8
.1
34.0
15.4
14.5
4. 1
.1
36.4
15.9
16. 1
4.4
.1
22
23
24
25
26
27
290.2
7.3
19.9
45.5
13.7
203.9
308.8
8.6
18.7
50.0
13.7
217.8
352.2
9.8
18.4
61.9
16.0
246.2
348.3
10.9
16.0
62.5
17. 1
241.8
348.4
11.3
16.6
53.2
19.2
248.0
337.0
11. 1
16.9
59.8
17.8
231.4
332.1
11.2
15.1
58.9
18.4
228.5
336.3
11.3
16.7
54.2
18.9
235.2
351.0
11.4
15.9
52.8
19.5
251.6
374.0
11.5
18.9
46.8
19.9
276.8
384.4
11.6
18. 1
45. 1
20.5
289. 1
28
29
30
31
32
14.3
5.7
8.6
-.4
9.0
-9.8
-5.3
-4.5
-1.3
-3.2
18. 5
7.6
10.9
1.2
9.7
-24.5
-1.4
-23. 1
-1.8
-21.3
-6.4
-3.7
-2.8
*
-2.8
-56.4
-2.7
-53.7
-4.6
-49. 1
-39.4
-.4
-39.0
-1.9
-37.0
-14.5
-4.2
-10.3
-.6
-9.7
8.5
-9.9
18.4
1.7
16.7
19.6
-. 1
19.7
1.0
18.7
69.3
21. 1
48.2
4.0
44.2
33
34
35
13.2
281.4
268.1
23.9
338.8
314.8
26.3
368.8
342.5
17.4
347.6
330.2
-9.0
335.4
344.4
5.6
321.6
316.1
17.0
326.9
309.9
-8.5
327.1
335.6
-18.3
341.1
359.4
-26. 1
346.5
372.6
36
37
38
1650.2
96.7
5.9
1826.9
110.2
6.0
2047.6
135.3
6.6
2176.5
125.4
5.8
2335.6
113.6
4.9
2227.8
120.8
5.4
2255.9
121.7
5.4
2301.0
91.5
4.0
2361.7
115.8
4.9
2423.9
125.6
5.2
2504.0 Disposable personal incoae
146.3 Personal saving
5.8 Saving rate (per cent)
39
40
-16.1
30.4
-61.2
30.6
-62.2
35.3
-147. 1
31.3
-181.6
51.4
-208.2
32.9
-183.3
40.4
-166.1
51.7
-187.3
55.5
-189.8
58.1
-171. 1 Federal governaent surplus
39
60.9 St. ♦ local governaent surplus 40
41
42
43
44
45
252.7
.9
30.6
30.3
190.9
234.6
.4
29.9
26.9
177.4
227.0
.4
23.7
20.3
182.6
174.2
. 1
21.8
20.9
131.4
207.6
.1
21.4
31.5
154.5
167.5
*
24. 1
25.5
117.9
169.7
*
20.2
29.8
119.6
203.3
V
20.5
33.8
149.0
229.1
*
23.4
31.9
173.7
46
47
48
49
87.6
.3
18.4
68.9
84.8
.3
17.8
66.7
82.8
.3
17.3
65.3
59.2
-. 1
17.9
41.3
76-9
-.1
20.7
56.3
54.0
-. 1
20.4
33.6
61.5
-. 1
19.7
41.9
76.0
-. 1
21.1
55. 1
84.9
-. 1
21.0
64.0
♦
♦
21. 1
64.2
21.4
70.7
Tax accruals - total
Faras
Financial corporations
Nonfin. corporate business
46
47
48
49
50
51
52
53
54
55
52.7
.2
-2.2
54.7
39-5
15.1
58.6
.2
-3.3
61.7
43.5
18.2
64.7
.2
-3.2
67.6
53.3
14.4
68.7
.2
-2.7
71.1
56.9
14.2
73.3
.3
-2.7
75.8
64.2
11.5
70.4
.2
-2.5
72.6
59.0
13.6
71.4
.2
-2.8
73.9
63. 1
10.8
72.0
.2
-2.7
74.5
65.4
9.2
73.7
.2
-2.7
76.2
64.8
11.4
75.9
.3
-2.7
78.3
63.7
14.6
78.3
.3
-2.6
80.6
67.7
12.9
Dividends - total
Faras
Financial corporations
Nonfin. corporate business
Net dividends paid
+ Net fgn. div. received
50
51
52
53
54
55
56
57
58
59
60
61
62
112.4
.3
14.2
15.5
82.4
67.3
15.1
91.2
-.1
12.5
1 1.7
67.2
4 9.0
18.2
79.5
-. 1
6.2
9.3
64. 1
49.7
14.4
46.4
-. 1
5.7
7.6
33.2
19.0
14.2
57.3
-.1
13.5
9.9
33-9
22.4
11.5
43. 1
-. 1
7.5
10.5
25.2
11.6
13.6
36.7
-. 1
12.9
9.4
14.6
3.8
10.8
55.2
-. 1
15.4
11.3
28.6
19.4
9.2
70.4
13.6
12.0
44.8
33.4
11.4
67.0
*
12.2
7.1
47.7
33.2
14.6
70.2
*
12.9
7.0
50.3
37.4
12.9
Undist. profits - total
Faras
Financial corporations
Foreign
Nonfin. corporate business
Doaestic undist. prof.
♦ Net fgn. div. received
56
57
58
59
60
61
62
63
64
65
66
-14.8
-.2
-.8
-13.7
-16.3
-.3
-1.7
-14.3
-11.0
-.3
-1.9
-8.8
-1. 1
. 1
-1.9
.8
30.8
.2
-1-6
32.3
4.7
.2
-2.0
6.5
13.9
.1
-2.0
15.8
25.6
.1
-1.7
27. 1
37.6
.2
-1.4
38.8
46.2
.2
-1.4
47.4
49.8
.3
-1.5
51.0
Cap. cons, adjust. - total
Faras
Financial corporations
Nonfin. corporate business
63
64
65
66
67
68
69
70
71
72
73
74
75
256.0
39.1
6.3
14.4
38.7
157-5
7.9
1.9
147.7
293.2
44. 1
7.2
16.4
46.2
179.3
9.3
2.2
167.8
329.5
48.3
7.8
18.2
52.3
202.9
10-7
2.5
189.7
359.2
50.9
8.3
19. 2
58.7
222.0
12. 1
2.7
207.3
377.3
57. 1
9.3
19.9
59.4
231.6
13.4
2.8
215.4
368.3
53.0
8.7
19. 8
59. 1
227.7
12.6
2.8
212.4
370.8
54.7
8.9
19.7
59.3
228.3
13.0
2.8
212.6
373.3
56.2
9.1
19.8
58.4
229.8
13.2
2.8
213.9
381.7
58.0
9.4
20.0
61.2
233.1
13.5
2.8
216.8
383.2
59.5
9.6
20. 1
58.8
235.2
13.9
2.8
218.4
388.8 Total capital consuaption
61.3
Owner-occupied hoaes (HH)
9.9
Nonprofit institutions (HH)
20.2
Fara noncorporate
58.9
Nonfara noncorp, business
238.5
Total corporate
14.4
Financial business
Corporate faras
2.8
221.3
Nonfin. corporate business
67
68
69
70
71
72
73
74
75
•’s
77
160.9
417.0
182.0
475.1
196.4
525.9
209.2
568.4
230. 1
607.4
216.5
584.8
222.1
593.0
227. 1
600.4
233.0
614.8
238. 1
621.3
Hemo: Cap. cons, on consuaer
243.8
durables not included above 76
632.6 Tot. cap. cons. incl. durables 77
-
1982
1983
I
II
III
♦
IV
601.0 Gross doaestic investaent
Private fixed investaent
531.7
147.3
Besidential construction
Mobile hoaes
6.2
104.6
1-4 Faaily structures
Household purchases
96.5
1.4
Para
Change in work in
6.7
process on nonfara
3.4
Noncorporate
3.4
Corporate
-1.5
2.3
-4.9
.5
-2.3
4.2
-1.2
-3.5
2.5
-6.8
34.7
15.4
36.1
15.5
36.5
15.9
34.0
15.6
37. 1
14.8
32.2
15.4
36.2
15. 1
37.4
15.2
37.1
14.5
37.4
14.5
92. 1
-10. 1 Statistical discrepancy
38.3 Profit tax rate (per cent)
14.4 Personal tax rate (per cent)
(1)
Inventories
Fara
Nonfara
Noncorporate
Corporate
-54.6 Net exports
Exports
355.8
410.4 - Iaports
85.3
78
1/84 BASED ON INCOHPLETE INFOBHATION.
Nonres. plant * eguipaent
Nonprofit inst. (HH)
Fara
Nonfara noncorp. bus.
Financial corporations
Nonfin. corp, business
Corporate ;profits, taxes, and dividends:
228.2
240.6
Profits - total
.3
Faras
.2
21.7
19.9
Foreign
30.6
31.7
Financial corporations
175.6
188.8
Nonfin. corporate business
79
80
BILLIONS OF DOLLABS.
Hulti-faaily units
Households (1)
Noncorporate business
Nonfin. corp, business
Beits
Purchases of condoainiua units.
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
41
42
43
44
45
78
79
80
HAY 22, 1984
Funds Raised in Credit Harkets
Funds Raised in Credit Harkets
Sunnary of Het Funds Baised in Credit and Equity Harkets
OBADJOSTBD BET FLOSS ($ HILL)
UNADJUSTED BET FLOSS{$ HILL)
1982 |
IV 1
1983
II
I
III
IV
|
1
1984
I
1974
BILLIOHS OF DOLLABS
1977
1976
1975
1978
1let Credit Harket Borrowing by Bonfinancial Sectors
Total net borrowing by doaestic
117,463
nonfinancial sectors
1
88,705 137,281
138,819 158,521 143,957
175.3
193.0
243.5
319.4
369. 8
1
49,427
49,501
-74
11.8
12.0
-.2
85.4
85.8
-.4
69.0
69. 1
-. 1
56.8
57.6
-.9
53.7
55. 1
-1.4
2
3
4
36,180
36,209
-29
2
3
4
O.S. Governnent
Treasury issnes
Agency issues ♦ nortgages
61,965
62,088
-123
55,641
55,620
21
46,876
46,951
-75
5
Private donestic
nonfinancial sectors
55,498
33,064
90,405
90,959 122,341
94,530
163.5
107.6
174.5
262.6
316.2
5
47,292
17,895
8,142
21,255
15,399
108
5,263
485
37,319
6,773
3,445
27,101
17,534
520
8,841
206
69,026
22,435
6,243
40,348
24,931
2,517
11,844
1,056
63,024
8,968
1,815
52,241
36,060
2,004
13,133
1,044
68,203
13,857
3,354
50,992
32,375
3,900
14,162
555
51,784
2,426
5,700
43,658
32,541
2,781
7,772
564
100.6
16.5
19.7
64.4
37.3
6.9
15.1
5.0
100.9
16. 1
27.2
57.6
42.0
*
11.0
4.6
123.6
15.7
22.8
85.1
63.9
3.9
11.6
5.7
171. 1
21.9
22.9
126.3
94.0
7.1
18.1
7. 1
199.7
28.4
21. 1
150.2
112.2
9.2
21.7
7.2
6
7
8
9
10
11
12
13
8,206
10,290
8,993
-10,602
-475
-4,255
-4,534
-2,437
-226
2,942
21,379
11,260
5,513
-1,691
6,297
27,935
17,191
4,281
2,350
4,113
54,138
27,355
18,754
-1,600
9,629
42,746
7,647
21,361
4,953
8,785
62.9
9.9
32.9
6.6
13.5
6.7
9.6
-10.4
-2.6
10.1
50.9
25.4
4.5
4.0
16.9
91.6
40.2
27.1
2.9
21.3
116.5
48.8
37.4
5.2
25. 1
14
15
16
17
18
55,498
14,118
31,053
10,327
-2,164
6,879
5,612
33,064
4,561
16,468
12,035
-729
8,709
4,055
90,405
19,869
34,544
35.992
4,575
18,062
13,355
90,959 122,341
7,248
12,033
51,558 64,169
32,153 46,139
1,499 -1,589
17,732 20,535
12,922 27,193
94,530
1,226
49,494
43,810
80
9,470
34,260
163.5
15.5
53.9
94.1
7.8
20.2
66.1
107.6
13.7
52.1
41.8
8.5
12.5
20.9
174.5
15.2
89.5
69.8
10.2
15.4
44.2
262.6
15.4
137.3
110.0
12.3
28.0
69.7
316.2
19. 1
169.4
127.6
14.6
32.4
80.6
19
20
21
22
23
24
25
6,345
2,207
-764
4,346
556
2,221
806
4,400
-4,195
1,210
5,512
1,385
1,433
1,911
783
6,348
692
-1,491
5,982
1,165
-7,005
-26
-5,490
-2,509
1,020
15.0
2-1
4.0
7.3
1.6
11.3
6.2
2.0
.3
2.8
19.3
8.6
5.6
1.9
3.3
13.5
5.1
3. 1
2.4
3.0
33. 8
4.2
19. 1
6.6
3.9
26
27
28
29
30
90,926 142,793 142,404 164,869 136,952
190.3
204.4
262.8
332.9
6
7
8
9
10
11
12
13
Debt capital instrunents
Tax-exenpt obligations
Corporate bonds
Hortgages
Hone nortgages
Hulti-fanily resid.
Coaaercial
Fara
14
15
16
17
18
Other debt instrunents
Consuner credit
Bank loans n.e.c.
Open-narket paper
Other
19
20
21
22
23
24
25
By borrowing sector:
Statevlocal governaents
Households
Nonfinancial business
Fara
Nonfara noncorporate
Corporate
26 Fgn. net borrowing in U.S.
27
Bonds
28
Bank loans n.e.c.
29
Open-narket paper
30
U.S. Governnent loans
31 Total doaestic plus foreign
123,808
47,860
47,898
-38
3,585
736
-559
2,268
1,140
403.6 31
Bet Credit Harket Borrowing by Financial Sectors
Total net borrowing
1 by financial sectors
14,619
10,713
23,397
25,075
30,607
23,440
39.0
7.3
21.0
45.8
74.6
1
U.S. Governnent-related
Sponsored credit ag. sec.
Hortgage pool securities
Loans froa U.S. Governaent
16,559
-1,729
18,288
15,518
-3,180
18,698
16,520
476
16,044
-
19,288
911
18,377
-
16,417
3,200
13,217
15,698
4,476
11,222
20.7
16.6
3.4
.7
10.3
2.3
7. 1
.9
14.3
2.5
12.2
-.4
22.0
7.0
16. 1
-1. 1
37. 1
23. 1
13.6
.4
2
3
4
5
Private financial sectors
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-narket paper
Fed. Hone Loan Bank loans
-1,940
1,786
29
1,287
-3,401
-1,641
-4,805
2,869
6
-1,620
-75
-5,985
6,877
4,391
6
-1,249
4,952
-1,223
5,787
4,683
6
-498
2,527
-931
14,190
5,166
7
2,345
5,581
1,091
7,742
1,218
7
-1,452
9,314
-1,345
18.3
3. 1
.2
4.6
3.8
6.7
-3.0
3.2
.4
-3.7
1. 1
-4.0
6.7
9.8
.4
-3.7
2.2
-2.0
23.8
10. 1
*
-.3
9.6
4.3
37.5 6
7. 5 7
.1
8
2.8 9
14.6 10
12.5 11
12 Total, by sector
Sponsored credit agencies
13
14
Hortgage pools
14,619
-1,729
18,288
10,713
-3,180
18,698
23,397
476
16,044
25,075
911
18,377
30,607
3,200
13,217
23,440
4,476
1 1,222
39.0
17.3
3.4
7.3
3-2
7. 1
21.0
2.1
12.2
45.8
5.9
16. 1
74.6 12
23.5 13
13.6 14
15
16
17
18
19
20
-1,940
343
1,000
-3,931
635
13
-4,805
277
1,389
-5,982
-531
42
6,877
-234
1,655
-1,035
6,450
41
5.787
26
3,014
1,410
1,295
42
14,190
-289
2,556
1,423
10,458
42
7,742
25
4,212
-136
3,599
42
18.3
.2
4.4
6.2
6.0
1.5
-3.0
-2
.6
-4.2
.5
-. 1
6.7
.7
5.4
-1.7
4.3
-1.9
23.8
.6
2.0
6.9
16.9
-2.5
37.5
.2
7.2
13.5
18. 1
-1.4
15
16
17
18
19
20
2
3
4
5
6
7
8
9
10
11
Private financial sectors
Connercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
Total Het Credit Harket Borrowing, All Sectors, by Type
1 Total net borrowing
U.S. Governaent securities
2
3
State ♦ local obligations
4
Corporate * foreign bonds
5
Hortgages
138,427 101,639 166,190 167,479 195,476 160,392
78,555 71,174 63,428 67,162 52,617 65,162
6,773 22,435
8,968
13,857
2,426
17,895
12,135
7,120
12,019
7,234
9,212
6,892
21,253 27,092 40,322 52,233 50,979 43,628
229.3
31.9
16.5
24.9
64.5
211.6
94.9
16. 1
36.7
57.9
283.8
83.8
15.7
41.2
85.4
378.7
79.9
21.9
38.0
126.2
478.2
90.5
28.4
32.8
150.2
1
2
3
4
5
7,647
14,419
11,758
8,460
9.9
41.5
17.7
22.5
9.6
-12. 1
-1.2
9.8
25.4
6.4
8. 1
17.8
40.2
29.9
15.0
27.5
48.8
59.3
26.4
41.9
6
7
8
9
10 Heao: O.S. Govt, cash balance
-9,772 -3,870
12,623
8,439 -24,324
1,193
Totals net of changes in U.S. Govt, cash balances:
11
Net borrowing by don. nonfin. 127,235 92,575 124,658 130,380 182,845 142,764
12
By U.S. Governnent
71,737 59,511 34,253
39,421 60,504 48,234
-4.6
2.9
3.2
1.1
3.8 10
179.9
16.4
190.2
82.5
240.4
65.9
318.3
55.7
366. 1 11
49.9 12
Consuner credit
Bank loans n.e.c.
Open-narket paper
Other loans
6
7
8
9
10,290
9,516
-9,657
-1,560
-4,534
343
-4,496
-1,833
11,260
5,697
5,172
5,857
17,191
3,224
7, 145
4,322
27,355
19,608
9,963
11,885
External Corporate Eguity Funds Raised in U. S. Harkets
1 Total net share issues
2
Hutual funds
3
All other
4
Nonfinancial corporations
Financial corporations
5
Foreign shares
6
purchased in U.S.
16,379
5,822
10,557
8,145
1,092
21,816
11,960
9,856
7,794
1,060
21,777
7,529
14,248
11,321
1,090
12,529
6,445
6,084
4,196
1,081
1,320
1,002
1,837
807
1/84 BASED OH PRELIHIBARY AND IHCOHPLETE INFORMATION
-934
14,519
13,318
8,198
6,321 -14,252
5,000 -15,000
1,101
1,103
5.7
-9
4.8
4. 1
1.0
10.6
-.3
10.9
9.9
.8
10.6
-2.4
13. 1
10.5
2.2
6.5
.9
5.6
2.7
2.5
1.9
-. 1
1.9
-. 1
2.5
1
2
3
4
5
-355
-.2
.2
.3
.4
-.5
6
220
HAY 22, 1984
Punds Baised in Credit Markets
Funds Raised in Credit flarkets
Suaaary of Met Funds Baised in Credit and Eguity Markets
3
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
1
|
1982 J
IV |
1983
I
II
III
IV
|
|
1984
I
Net Credit Market Borrowing by Nonfinancial Sectors
1
386.0
343.2
377.2
395.3
523.3
427.0
421.7
587.7
502.0
581.9
Total net borrowing by doaestic
nonfinancial sectors
647.2
2
3
4
37.4
38.8
-1.4
79.2
79.8
-.6
87.4
87.8
-.5
161.3
162. 1
-.9
186.6
186.7
-.1
224.4
224.9
-.5
192.9
192.9
.1
269.7
27Q.0
-.3
167.8
167.9
-.2
115.8
115.9
-.1
167.4
167.7
-.3
U.S. Governaent
Treasury issues
Agency issues * aortgages
2
3
4
5
348.6
26 4.0
289.8
234. 1
336.8
202.5
228.8
318.0
334.2
466.1
479.8
Private doaestic
nonfinancial sectors
5
6
7
8
9
10
11
12
13
211.2
30.3
17.3
163.6
120.0
7.8
23.9
11.8
192.0
30.3
26.7
135.1
96.7
8.8
20.2
9.3
158.4
21.9
22. 1
114.5
75.9
4.3
24.6
9.7
152.4
50.5
18.8
83.0
56.6
1.3
20.0
5.2
237.6
52.0
14.9
170.7
110.9
8.9
48.0
2.9
185.3
71.3
29. 1
84.9
60.5
.3
19.8
4.4
182.1
39.2
18.7
124.2
86.2
2.2
36.6
-.7
261.2
81.4
23.5
156.4
99.6
10.3
43.7
2.7
239.6
33.6
8.1
198.0
129.3
7.8
56.0
4.9
267.3
54.0
9.2
204.2
128.5
15.5
55.6
4.5
239.4
22.1
28.0
189.3
145.7
11.2
31.8
.6
Debt capital instruaents
Tax-exeapt obligations
Corporate bonds
Mortgages
Bone aortgages
Hulti-faaily resid.
Coaaercial
Fara
6
7
8
9
10
11
12
13
14
15
16
17
18
137.5
45.4
51.2
11.1
29.7
72.0
4.9
36.7
5.7
24.8
131.5
24. 1
54.7
19.2
33.4
81.6
18.3
54.4
-3.3
12.2
99.2
51.3
26. 1
-1.2
23.0
17.2
23.6
21.8
-23.3
-4.9
46.7
26.5
23.2
-18.5
15.5
56.8
45.3
11.3
-14. 1
14.2
94.5
48.7
8.4
12.1
25.3
198.8
84.6
61.5
15.8
36.9
240.3
78.5
122.4
-.6
40.0
Other debt instruaents
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other
14
15
16
17
18
19
20
21
22
23
24
25
348.6
20.5
176.4
151.7
21.4
34.4
96.0
264.0
20.3
117.5
126. 1
14.4
33.7
78.1
289.8
9.7
120.6
159.6
16.3
39.6
103.7
234. 1
36.3
86.3
111.5
9.0
29.8
72.7
336.8
43.7
166.7
126.3
3.8
65.0
57.5
202.5
56.2
93.7
52.7
7.3
23.3
22.0
228.8
30.4
118.2
80.2
-2.4
44.8
37.7
318.0
71.1
150.7
96.2
1.6
58.0
36.6
334.2
26.7
179.1
128.4
4.9
79.2
44.2
466. 1
46.7
218.9
200.5
10.8
78.1
111.6
479.8
17.3
252.2
210.4
.6
48. 1
161.7
By borrowing sector:
State*local governnents
Households
Nonfinancial business
Fara
Nonfara noncorporate
Corporate
19
20
21
22
23
24
25
26
27
28
29
30
20.2
3.9
2.3
11.2
2.9
27.2
.8
11.5
10.1
4.7
27.2
5.4
3.7
13.9
4.2
15.7
6.6
-6.2
10.7
4.5
17.7
3.6
3.8
6.0
4.3
25.3
8.8
-3. 1
17.4
2.2
15.6
3.2
24.3
-16.8
4.8
21.2
5.5
4.9
7.6
3.1
8.0
2.9
-8.6
9.1
4.6
25.9
2.8
-5.5
23.9
4.7
31
406.2
370.4
404.4
411.0
541.0
452.3
437.3
608.9
510.0
1
-21.8 Fgn. net borrowing in U.S.
Bonds
-.1
Bank loans n.e.c.
-15.7
Open-aarket paper
-10.0
U.S. Governaent loans
4.1
26
27
28
29
30
607.8
625.4 Total doaestic plus foreign
31
Net Credit Harket Borrowing by Financial Sectors
Total net borrowing
by financial sectors
1
82.5
63.3
85.4
69.3
89.8
58.5
81.0
69.3
86.5
122.4
135.7
2
3
4
5
47-9
24.3
23.1
.6
44.8
24.4
19.2
1.2
47.4
30.5
15.0
1.9
64.9
14.9
49.5
.4
67.7
1.4
66.3
70.9
70.8
75.6
1.0
74.6
60.3
-5.9
66.2
63.1
-11.2
74.3
72.0
21.7
50.2
-
78.9
34.3
44.6
-
U.S. Governaent-related
Sponsored credit ag. sec.
Mortgage pool securities
Loans froa U.S. Governaent
6
7
8
9
10
11
34.6
7.8
*
-.4
18.0
9.2
18.5
7.1
-.1
-.4
4.8
7. 1
38.0
-.8
-.5
2.2
20.9
16.2
4. 4
2.3
. 1
3.2
-2.0
.8
22.0
17.1
*
-1.0
13.0
-7.0
-12.4
5.2
. 1
1. 1
-12.8
-6.0
5.4
14.3
*
-4.4
9.9
-14.4
9.0
16.5
«
-4.9
8.8
-11.4
23.4
19.9
♦
1.3
10.6
-8.4
50.4
17.8
♦
4.0
22.6
6.0
56.8
8.2
*
-5.0
49. 1
4.5
Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Bank loans
12
13
14
82.5
24.8
23.1
63.3
25.6
19.2
85.4
32.4
15.0
69.3
15.3
49.5
89.8
1.4
66.3
58.5
*
70.8
81.0
1.0
74.6
69.3
-5.9
66.2
86.5
-11.2
74.3
122.4
21.7
50.2
15
16
17
18
19
20
34.6
.2
6-5
12.6
16.6
-1.3
18.5
.2
6.9
7.4
6.3
-2.2
38.0
-. 1
8.3
15.5
14. 1
.2
4.4
.6
1.9
-3.0
4.9
.1
22.0
-.2
8.6
-4.2
17.7
.2
-12. 4
1.4
4.0
-12. 1
-5.6
.1
5-4
1. 1
5.6
-14.9
13.5
.2
9.0
-.9
6.6
-10.7
13.8
.2
23.4
.1
12.1
-2.5
13.6
.2
50.4
-1.2
10.2
11.3
29.8
.2
♦
1
2
3
4
5
6
7
8
9
10
11
135.7 Total, by sector
Sponsored credit agencies
34.3
44.6
Mortgage pools
12
13
14
Private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
15
16
17
18
19
20
56.8
.1
16.8
8.3
31.4
.2
Total Net Credit flarket Borrowing, All Sectors, by Type
1
2
3
4
5
488.7
84.8
30.3
29.0
163.5
433.7
122.9
30.3
34.6
134.9
489.8
133.0
21.9
26.7
113.9
480.3
225.9
50.5
27.7
83.0
630.8
254.4
52.0
35.6
170.6
510.8
295. 4
71.3
43. 1
84.9
518.3
268.6
39.2
36.2
124.2
678.2
330.1
81.4
45.5
156.3
596.5
230.9
33.6
30.9
197.9
730.2
187.9
54.0
29.8
204. 1
6
7
8
9
45.4
53.0
40.3
42.4
4.9
47.8
20.6
37.8
24. 1
60.6
54.0
55.8
18.3
51.4
5.4
17.9
51.3
28.9
17.8
20.2
23.6
19.8
-18.7
-8.6
26.5
43.0
-25.4
6.0
45.3
11.3
2.3
6.0
48.7
1.1
31.8
21.5
84.6
60.0
62.4
47.5
10
.6
-3.8
*
7.3
-7.1
-9.7
-10.6
47.7
11
12
385.4
36.8
347.0
83.0
377.2
87.4
388.1
154.0
530.5
193.7
436.7
234.2
432.3
203.6
540.0
222.0
External. Corporate Eguity Funds Baised in U. J
1
2
3
4
5
-3.8
.1
-3.9
-7.8
3.2
22.2
5.2
17.1
12.9
2.1
6
.8
2.1
BILLIONS OF DOLLARS.
1
2
3
4
5
78.5
101.6
38.5
48.6
6
7
8
9
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
1.4
-67.0
7.4 Meao: U.S. Govt, cash balance
Totals net of changes :Ln U.S. Govt, cash balances:
500.5
648.9
639.8 Net borrowing by doa. nonfin.
166.4
182.8
By U.S. Governaent
160.0
10
11
12
Markets
-3.7
6.8
-10.6
-11.5
.9
35.4
18.6
16.8
11.4
4. 1
70.6
34.1
36.5
28.3
4.3
64.0
21.8
42.2
32.6
4.4
83.4
44.0
39.4
31.2
4.2
90.9
33.9
57.0
45.3
4.4
51.7
27.3
24.3
16.8
4.3
56.6
31.3
25.3
20.0
4.4
*
1.3
3.9
5.3
4.0
7.3
3.2
.9
1/84 BASED ON INCOMPLETE INFORMATION.
761. 1 Total net borrowing
246.4
U.S. Governaent securities
State ♦ local obligations
22. 1
36.2
Corporate * foreign bonds
Mortgages
189.2
-8.3 Total net share issues
48.8
Mutual funds
-57.0
All other
Nonfinancial corporations
-60.0
4.4
Financial corporations
Foreign shares
-1.4
purchased in U.S.
1
2
3
4
5
6
HAY 22, 1984
Credit Barket Supply of Funds
Credit narket Supply of Funds
4
Direct and Indirect Sources of Funds to Credit Harkets
ONADJOSTED MET FLOSS ($ HILL)
ONADJOSTED NET FLOSS(S HILL)
1982 |
IV
1
Total funds advanced in credit aarkets
1
to doa. nonfinan. sectors
117,463
II
I
88,705 137,281
BILLIONS OF DOLLABS
1976
1977
1975
1984
1
1974
138,819 158,521
143,957
175.3
193.0
243.5
319.4
369.8
1
2
3
4
5
6
1983
III
IV
|
1
1978
By Federal agencies and foreign
16,166
3,100
19,443
-5,985
-392
34,123
9,189
19,547
-1,223
6,610
40,602
14,798
19,688
-931
7,047
26,289
318
17,319
1,091
7,561
20,763
-747
15,407
-1,345
7,448
51.0
9.4
13.2
6.7
21.7
39.6
18.0
15.8
-4.0
9.8
49.8
23.1
12.3
-2.0
16.4
79.3
34.9
20.0
4.3
20.2
102.3
36. 1
25.7
12.5
28.0
7 By type of lender:
30,798
16,166
8
O.S. Governaent
2,999
1,107
9
18,764
Spons. credit ag.*atg. pools
14,667
10
Honetary authority
5,161
-4,751
11
Foreiga
3,874
5,143
Agency and foreign borroving not in line 1:
12
Spons. credit ag.+ntg. pools
16,559
15,518
13
Foreign
6,345
2,221
34,123
4,222
17.978
5,415
6,508
40,602
2,504
20,299
14,852
2,947
26,289
1,881
15,817
-4,620
13,211
20,763
1,966
14,104
-1,841
6,534
51.0
9.4
24.2
6.2
11.2
39.6
13.4
11.6
8.5
6. 1
49.8
7.9
16.8
9.8
15.2
79.3
10.0
22.5
7. 1
39.6
102.3 7
17. 1
8
40.3 9
7.0 10
38.0 11
16,520
5,512
19,288
3,585
16,417
6,348
15,698
-7,005
20.7
15.0
10.3
11.3
14.3
19.3
22.0
13.5
37.1 12
33.8 13
90,278 125,190 121,090 154,997 131,887
68,074 54,239 52,364 52,299 65,909
6,773
13,857
2,426
22,435
8,968
3,517
5,584
1,566
2,068
1,621
-1,404
7,869
18,936 19,878
18,362
7,333 33,840 38,899 68,928 40,708
-931
1,091 -1,345
-5,985 -1,223
160.0
22.5
16.5
20.9
30.9
75.8
6.7
175.0
76.9
16. 1
32.8
26.2
19.0
-4.0
227.3
60.7
15.7
30.5
55.4
63. 1
-2.0
275.6
45. 1
21.9
24. 1
81.0
107.8
4.3
338.4
54.3
28.4
23.4
95.6
149.3
12.5
14
15
16
17
18
19
20
21
22
23
24
25
2 Total net advances, by type
3
O.S. Governaent securities
4
Besideatial nortgages
5
FHLB advances to s*l's
6
Other loans and securities
30,798
7,634
21,501
-1,641
3,304
Private donestic funds advanced
14 Total net advances
15
O.S. Governaent securities
16
State and local obligations
17
Corporate and foreign bonds
18
Besideatial nortgages
19
Other nortgages and loans
20
Less: FHLB advances
109,569
70,921
17,895
9,119
-6,025
16,018
-1,641
Private financial internediation
Credit narket funds advanced
by private financial insts.
Coaaercial banking
Savings institutxons
Insurance and pension funds
Other finance
75,301
40,399
13,255
21,409
238
68,933
16,403
27,964
27,913
-3,347
86,870
32,908
35,052
27,512
-8,602
91,652 126,325 117,255
34,208
31,682 51,721
37,050 33,522 33,055
23,409 24,234 29,764
-489
16,848 20,228
127.9
67.0
25.3
29.8
5.7
121.2
29.5
51.2
40.6
•
189.3
59.8
68.4
49.7
11.4
258.8
87.8
78.5
69.0
23.6
302.3
129.0
72.8
75.0
25.5
26 Sources of funds
27
Private doaestic dep. ♦ BP’s
28
Credit aarket borroving
75,301
72,635
-1,940
68,933
42,815
-4,805
86,870
33,555
6,877
91,652 126,325 117,255
43,911 84,074 47,312
5,787 14,190
7,742
127.9
67.6
18.3
121.2
94.2
-3.0
189.3
124.4
6.7
258.8
139.0
23.8
302.3 26
141.0 27
37.5 28
29
30
31
32
33
4,606
-5,130
-3,977
20,795
-7,082
30,923
-8,279
-2,301
23,175
18,328
46,438
8,023
7,597
23,760
7,058
41,954 28,061
5,558
17,112
676 -11,315
19,334 23,570
16,386 -1,306
62,201
4,134
1,113
25,321
31,633
42.0
10.3
-5.1
26.2
10.5
30.0
-8.6
-1.7
29.7
10.7
58.2
-4.5
-. 1
34.3
28.5
96. 1
1.4
4.3
51.4
39.0
123.8
6.5
6.8
62.2
48.4
29
30
31
32
33
73.6
36.3
3.6
-1.8
15.6
19.9
34
35
36
37
38
39
21
22
23
24
25
Other sources
Foreiga funds
Treasury balances
Insurance and pension res.
Other, net
Private donestic nonfinancial investors
34 Direct leading in cr. aarkets
35
U.S. Governaent securities
36
State and local obligations
37
Corporate and foreign bonds
38
Open-aarket paper
39
Other
32,328
20,816
8,047
1,505
-4,444
6,404
16,540
15,918
5,350
-5,311
1,849
-1,266
45,197
28,418
20,080
-5,726
293
2,132
35,225
27,115
4,524
3,285
-1,856
2,157
42,862
18,129
5,898
4,460
6,357
8,018
22,374
24,168
-1,342
-715
-1,248
1,511
50.4
19.4
9.4
5.1
5.8
10.6
50.7
25.4
8.4
8.9
-1.3
9.4
44.7
15.9
3.3
11.8
1.9
11.8
40.6
24.6
-.8
-3.2
9.6
10.4
40 Deposits and currency
41
Currency
42
Checkable deposits
78,637
6,481
29,510
45,771
645
-9,775
38,263
3,947
12,919
47,666
3,668
-3,323
90,778 48,292
480
5,373
21,216 -15,846
73.7
6.3
2.2
101.2
6.2
9.4
133.4
7.3
10.4
148.6
8.3
17.2
152.2 40
9.3 41
16.2 42
66,669 111,969 34,474
-17,013 -26,296 -15,680
32,780
-1,625
41,568
-457
42,904
8,187
37.3
2.4
97.9
1.3
121.3
•
93.6
.2
65.9 43
6.9 44
1,746
96
761
16,944
-865
87
17,877
3,870
1,331
6,419
5,648
500
28.0
-2.2
-.2
-14.6
.2
.8
-9.7
2.3
1.7
25.7
2.2
1.3
44.4 45
7.5 46
2.0 47
43
44
Saall tiae * svgs. deposits
Honey aarket fund shares
45
46
47
Large tiae deposits
Security BP’s
Foreign deposits
48
-9,509 -38,497
5,414
2,978
-479
2,311
Total of credit akt. instruaents, deposits, aad currency 110,965
49 Public holdings as X of total
50 Pvt. finan. internediation (X)
51 Total foreign funds
24,875
68,724
-1,256
62,311
83,460
82,891 133,640
70,666
124. 1
152.0
178. 1
189.1
225.8 48
17,779
76,356
-3,136
23,896
69,390
14,531
28,511
75,689
8,505
15,945
81,501
30,323
15,160
88,905
10,668
26.8
79.9
21.5
19.4
69.3
-2.5
18.9
83.3
10.6
23.8
93.9
41.0
25.3 49
89.3 50
44.6 51
Corporate Eguities Not Included Above
1 Total net issues
2
Hutual fund shares
Other eguities
3
16,379
5,822
10,557
21,816
11,960
9,856
21,777
7,529
14,248
12,529
6,445
6,084
-934
14,519
13,318
8,198
6,321 -14,252
5.7
.9
4.8
10.6
-.3
10.9
10.6
-2.4
13. 1
6.5
.9
5.6
1.9
-. 1
1.9
1
2
3
4 Acg. by financial institutions
5 Other net purchases
14,170
2,209
15,988
5,828
16,684
5,093
11,326
1,203
11,315
9,794
3,204 -10,728
5.8
-. 1
9.8
.8
12.5
-1.9
7.4
-.9
4.5
-2.7
4
5
1/84 BASED OH PBELIHINABI AND INCOHPLETE INFOBHATION
HAY 22, 1984
Credit Harket Supply of Funds
Credit Harket Supply of Funds
5
Direct and Indirect Sources of Funds to Credit Harkets
SEASONALLY ADJUSTED ANNUAL BATES
1
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
386.0
343.2
377.2
395.3
523.3
|
I
1982 |
IV
|
427.0
1983
I
421.7
II
III
587.7
502.0
IT
|
1
1984
I
Total funds advanced in credit narkets
581.9
to dom. nonfinan. sectors
647.2
1
Bf Federal agencies and foreign
2
3
4
5
6
75.2
-6.3
35.8
9.2
36.5
97.0
15.7
31.7
7. 1
42.4
97.4
17.2
23.4
16.2
40.6
109.3
17.9
61. 1
.8
29.5
117.2
27.4
76.0
-7.0
20.8
105.2
6.9
83.5
-6.0
20.7
108.0
42.0
79.6
-14.4
.7
150.3
59.6
81.8
-11.4
20.3
125.3
33.8
76.2
-8.4
23.8
7
8
9
10
11
75.2
19.0
53.0
7.7
-4.6
97.0
23.7
45.6
4.5
23.2
97.4
24. 1
48.2
9.2
16.0
109.3
16.7
65.3
9.8
17.6
117.2
9.7
68.8
10.9
27.8
105.2
15.7
82.3
12.2
-5.0
108.0
3.0
72.5
.3
32.2
150.3
13.4
65.7
23.6
47.6
125.3
11.2
64.2
49.1
.9
12
13
47.9
20.2
44.8
27.2
47.4
27.2
64.9
15.7
67.7
17.7
70.9
25.3
75.6
15.6
60.3
21.2
63.1
8.0
14
15
16
17
18
19
20
379.0
91.1
30.3
18.5
91.9
156.3
9.2
318.2
107.2
30.3
19.3
73.7
94.8
7. 1
354.4
115.9
21.9
19.4
56.7
156.9
16.2
366.6
207.9
50.5
15.4
-3.3
96.8
.8
491.6
227.0
52.0
12.7
43.8
149.0
-7.0
418. 0
288.5
71.3
33.0
-22.8
42. 1
-6.0
404.9
226.6
39.2
19.0
8.7
97. 1
-14.4
518.9
270.5
81.4
20.9
28.0
106.8
-11.4
447.8
197.2
33.6
7.1
60.8
140.7
-8.4
85.2
-25.7
66.3
6.0
38.6
129.9 Total net advances, by type
U.S. Governaent securities
29.6
Besidential aortgages
64.0
FHLB advances to s+l’s
4.5
Other loans and securities
31.7
85.2
129.9 By type of lender:
U.S. Governaent
11.3
6.0
72.7
Spons. credit ag.+atg. pools
72.6
-29.4
12.5
Honetary authority
30.6
38.8
Foreign
Agency and foreign borrowing not in line 1:
72.0
78.9
Spons. credit ag.*atg. pools
25.9
Foreign
-21.8
2
3
4
5
6
7
8
9
10
11
12
13
Private doaestic funds advanced
594.6
213.6
54.0
4. 1
77.6
251.4
6.0
574.4 Total net advances
U.S. Governaent securities
216.8
State and local obligations
22. 1
11.7
Corporate and foreign bonds
Besidential aortgages
92.7
235.6
Other Bortgages and loans
Less: FHLB advances
4.5
14
15
16
17
18
19
20
Private financial interaediation
Credit narket funds advanced
by private financial insts.
Coaaercial banking
Savings institutions
Insurance and pension funds
Other finance
21
22
23
24
25
294.7
123.1
56.7
66.4
48.5
262.3
101. 1
54.9
74.4
32.0
305.2
103.6
27.2
79.3
95.2
271.2
108.5
30.6
94.2
37.9
373.8
132.7
133.6
103. 1
4.4
249.8
127. 1
47.9
94.8
-20.0
367.3
134.2
121.1
100.8
11.2
339.8
125.8
143. 1
114.0
-43.1
344.3
102.5
143.0
91.0
7.9
443.8
168.5
127.1
106.5
41.7
562.0
205. 1
142.0
107.3
107.6
26
27
28
294.7
142.0
34.6
262.3
168.6
18.5
305.2
211.7
38.0
271.2
173.4
4.4
373.8
204.4
22.0
249.8
161.5
-12.4
367.3
272.6
5.4
339.8
166.7
9.0
344.3
184.1
23.4
443.8
194.0
50.4
562.0 Sources of funds
26
295.8
Private doaestic dep. * HP’s 27
28
Credit aarket borrowing
56.8
29
30
31
32
33
118.1
27.6
.4
49.1
41.0
75.2
-21.7
-2.6
65.4
34.0
55.5
-8.7
-1. 1
73.2
-7.9
93.5
-27.7
6.1
85.9
29.2
147.4
22.4
-5.3
89.8
40.5
100.7
9. 1
4.1
86. 1
1.5
89.2
-38.8
-8.2
90.5
45.6
164. 1
2.7
25.8
95.6
40.0
136.8
25.2
-16.4
75.5
52.5
199.4
100.6
-22.6
97.7
23.8
209.4
11.2
3.4
99. 1
95.7
34
35
36
37
38
39
118.9
61.4
9.9
5.7
12.1
29.8
74.4
38.3
7.0
.6
-4.3
32.9
87.2
47.4
9.6
-8.9
3.7
35.4
99.7
58.1
30.9
-9.4
-2.0
22. 1
139.8
89.6
35.9
-3.3
6.6
11.0
155.8
104.7
38.0
3.8
-6.8
16. 1
43.1
31.9
26.9
-18.7
-1.9
5.0
188. 1
146.0
69.5
-19.6
-18.2
10.5
126.9
84.1
17.5
10.9
8.7
5.7
201.2
96.3
29.6
14.3
38.0
23.0
69.3 Direct lending in cr. narkets
65.7
U.S. Governaent securities
State and local obligations
.2
Corporate and foreign bonds
.3
Open-aarket paper
-14.2
Other
17.2
34
35
36
37
38
39
40
41
42
151.4
7.9
18.7
180.0
10.3
5.0
221.7
9.5
18.1
179.4
8.4
13.0
222.5
13.6
21.0
172.3
12.7
28.9
296.8
14.9
60.2
183.1
13.3
50.7
204.1
19.7
-18.2
206.0
6.6
-8.5
312.9 Deposits and currency
15. 1
Currency
Checkable deposits
35.5
40
41
42
43
44
59.2
34.4
83.1
29.2
47.2
107.5
137.0
24.7
220.8
-44. 1
231. 1
-68. 1
426.3
-105.2
174. 1
-62.7
163.8
-6.5
118.9
-1.8
151.2
32.7
45
46
47
23.0
6.6
1.5
44.7
6.5
1.1
36.4
2.5
.5
-5.2
3.8
-2.4
-1.9
8.5
4.5
-42.4
11.9
-1.9
-130.4
21.7
9.2
4.2
.4
3.0
48.4
-3.5
.3
70.0
15.5
5.3
53.8
22.6
2.0
48
270.3
254.4
308.9
279. 1
362.3
328.1
339.8
371.2
331.0
407. 1
49
50
51
18.5
77.7
23.0
26.2
82.4
1.5
24. 1
86. 1
7.3
26.6
74.0
-10.2
21.7
76.0
50.2
23.3
59.8
4. 1
24.7
90.7
-6.5
24.7
65.5
50.2
24.6
76.9
26.0
14.0
74.6
131.2
21
22
23
24
25
Other sources
29
Foreign funds
30
31
Treasury balances
Insurance and pension res. 32
Other, net
33
Private donestic nonfinancial investors
Saall tiae * svgs. deposits
Honey aarket fund shares
43
44
Large tiae deposits
Security BP’s
Foreign deposits
45
46
47
Total of credit akt. instru382.2 aents, deposits, and currency 48
20.8 Public holdings as N of total
97.8 Pvt. finan. interaediation (%)
50.0 Total foreign funds
49
50
51
Corporate Eguities Not Included Above
1
2
3
-3.8
.1
-3.9
22.2
5.2
17.1
-3.7
6.8
-10.6
35.4
18.6
16.8
70.6
34.1
36.5
64.0
21.8
42.2
83.4
44.0
39.4
90.9
33.9
57.0
51.7
27.3
24.3
56.6
31.3
25.3
-8.3 Total net issues
48.8
Hutual fund shares
-57.0
Other eguities
1
2
3
4
5
9.7
-13.5
16.8
5.4
22.1
-25.9
27.9
7.5
55.3
15.3
47.5
16.5
70.4
13.1
66.4
24.5
49.1
2.5
35.4
21.2
45.2 Acg. by financial institutions
-53.5 Other net purchases
4
5
BILLIONS OF DOLLABS.
1/84 BASED ON INCOHPLETE INFOBHATION.
Line
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.
Line 14 less line 21 plus line 28.
i2.
Credit market funds raised by Federally sponsored credit agencies + federally
related mortgage pool securities.
34.
14.
Line 1 less line 2 plus lines 12 + 13. Also line 21 less line 28 plus line 34.
Also sum of lines 29 and 48 less lines 41 and 47.
35-39- Lines 15-19 less amounts acquired by private finance plus amounts
borrowed by private finance. Line 39 includes mortgages.
Also line 14 less line 29 plus lines 41 and 47.
19.
Includes farm and commercial mortgages.
48.
Lines 34 + 40.
27.
Line 40 less line 41 and 47.
50.
Line 21/line 14.
28.
Excludes equity issues and investment company shares.
51.
Line 11 plus line 30.
30.
Foreign deposits at commercial banks, bank borrowings from foreign
branches, and liabilities of foreign banking offices to foreign affiliates,
net of claims on foreign affiliates and deposits by banking foreign banks.
31.
Demand deposits and note balances at commercial banks.
Includes line 19.
Corporate Equities
Line
1 and 3. Includes issues by financial institutions.
HAY 22, 1984
Households
Households
6
Sector Stateaents of Saving and Investment
□■ADJUSTED IET FLOWS(J HILL)
UNADJUSTED HET FLOWS ($ HILL)
1982 |
IT
1
1983
I
II
III
IT
|
|
1984
I
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
Households, Personal Trusts, aad Nonprofit Organizations
680,969 638,564 672,578 699,234 731,730 704,821
94,579
97,401
95,486 89,416 117,143 102,511
1168.6
170.2
1265.0
168.9
1391.2
196.8
1540.4
226.4
1732.7
258.7
1
2
Disposable personal incoae
585,483 549,148 555.435 596,723 634,329 610,242
540,706 519,705 555,479 559,177 587,633 577,204
Personal outlays
-44 37,546 46,696 33,038
Personal saving, NIA basis
44,777 29,443
13,817
19,557
13,864
10,102
11,021
Credits fron govt, insurance
9,070
707
339
828
1,100
1,971
Capital gains dividends
1,099
15,117
11,582
14,958
2,856
9,833 21,528
Net durables in consuaption
998-3
913.2
85.1
12.6
.5
28.4
1096.1
1001.8
94.3
15.1
.2
26.5
1194.4
1111.9
82.5
17.7
.5
40.0
1314.0
1236.0
78.0
22.5
.6
49.6
1474.0
1384.6
89.4
27.9
.7
56.7
3
4
5
6
7
8
63,188 56,693
71,463 42,468 29,229 67,764
75,114 76,818 78,737
69,547 71,442 73,101
141,010 113,910 102,330 142,878 160,006 135,430
126.6
116.7
243.3
136. 1
132.2
268.3
140.6
145.9
286.4
150.8
162.0
312.8
174.7 9
182.5 10
357.2 11
156,673 161,380 122,104 144,797 147,959 152,644
12 Gross investaent
Capital expend, net of sales 94,483
86,310 95,306 98,702 116,559 109,828
13
14
Besidential construction
22,612 25,120 20,585 27,769 32,633 34,412
15
69,091
58,390 71,892 68,089 81,055 72,526
Consuaer durable goods
2,780
2,800
2,871
2,890
16
Nonprofit plant and eguip.
2,829
2,844
245. 1
171.9
45.0
121.5
5.4
285. 1
183.0
45.6
132.2
5.2
311.1
223.2
60.6
156.8
5.7
331.9
265.9
81.8
178.2
5.9
378.3
306. 1
99.2
200.2
6.6
42,816
92,643
73.2
127.0
102. 1
156.7
87.9
183.9
65.9
206.5
72.2 17
245.5 18
1 Personal incoae
2 - Personal taxes and nontaxes
3
4
5
6
7
8
=
♦
♦
«■
9 = Net saving
10 ♦ Capital consuaption
11 = Gross saving
17 Net financial investnent
18
Net acg. of financial assets
62,190
98,422
75,070
97,144
26,798
72,210
46,095 31,400
98,826 100,329
66,149
66,718
12
13
14
15
16
47,186
73,409
79,304
75,829
107.7
127.2
151.0
160.6
191.0 19
20
21
22
23
24
Deposits
52,037 50,834 33,321
Checkable dep. * curr.
15,297
6,688
12,234
Snail tine * svgs.dep.
65,193 109,203 32,321
4,446
Large tine deposits
-11,440 -38,761
Honey aarket fund shrs -17,013 -26,296 -15,680
54,679
7,419
33,309
15,576
-1,625
54,768
5,607
40,630
8,988
-457
54,399
-1,608
43,408
4,412
8,187
65.7
7.6
37.3
18.5
2.4
91.5
6.9
97.0
-13.6
1.3
123.2
15.7
116.2
-8.7
*
127.8
20.0
95.1
12.4
.2
129.6
22.4
66. 1
34.2
6.9
20
21
22
23
24
25
26
27
28
29
30
Credit akt. instruaents
U.S. Govt, securities
St.*local obligations
Corporate ♦ fgn. bonds
Hortgages
Open-aarket paper
25
26
27
28
29
30
19
Dep. ♦ cr. nkt. instr.
(1)
14,112
7,872
7,632
1,505
1,858
-4,755
15,884
15,695
4,432
-5,311
-760
1,828
13,865
-1,628
20, 162
-5,726
-856
1,913
18,730
18,393
4,401
3,285
-1,179
-6,170
24,536
6,420
5,942
4,460
512
7,202
21,430
20,212
-1,474
-715
1,521
1,886
42.0
20.0
8.3
5. 1
6.9
1.7
35.7
18.8
6.2
8.9
6.2
-4.4
27.8
9.7
2.0
11.8
7.4
-3.1
32.9
19.7
-1.5
-3.2
8. 1
9.8
61.3
29.5
4. 1
-1.8
14.2
15.4
31
32
Hutual fund shares
Other corporate eguities
5,822
-5,211
11,960
-8,825
7,529
-3,703
6,445
-6,210
13,318
8,198
-5,476 -24,601
.9
-1.6
-.3
-3.5
-2.4
-2.2
.9
-4.4
-.1 31
-5.0 32
33
34
Life insurance reserves
Pension fund reserves
3,704
28,254
4,131
28,606
3,828
31,278
3,879
36,626
3,947
30,435
4,239
27,769
6.7
29.6
8.7
34.9
8.4
44.0
11.5
55.9
12.0 33
61.8 34
35
36
37
Net inv. in noncorp. bus.
Security credit
Hiscellaneous assets
-3,955
1,935
1,724
-7,988 -16,667 -17,355 -18,971
801
996
331
1,161
1,741
1,701
1,731
1,763
-5,925
326
1,688
-18.0
-1.0
2.7
-14.5
.6
3.8
-21.8
1.5
5.5
-23.9
-1.0
6.9
-23.3 35
2.5 36
6.6 37
38
39
40
41
42
43
44
45
Net increase in liabilities
Credit aarket instruaents
Hone aortgages
Other aortgages
Installaent cons, credit
Other consuaer credit
Bank loans n.e.c.
Other loans
36,232
31,053
16,267
654
7,329
2,961
2,909
933
22,074
16,468
20,698
631
-4,113
-421
-1,004
677
45,412
34,544
18,037
614
8,869
2,391
3,578
1,055
52,731
51,558
32,422
634
14,641
2,550
92
1,219
68,929
64,169
34,447
610
20,836
6,519
952
805
49,827
49,494
36,927
622
6,384
1.263
3,720
578
53.8
53.9
38.0
1.1
9.5
.4
1.6
3.2
54.6
52. 1
40.6
1.0
7.7
1.9
-1.2
2.2
96.0
89.5
61.4
.8
21.5
3.9
*
1.8
140.6
137.3
90.8
1.1
37.0
3.2
2.8
2.3
173.2
169.4
111.5
1.3
43. 1
5.7
4. 1
3.8
4,376
617
186
2,252
3,148
206
7,476
3,173
219
2,751
-1,824
246
6,731
-2,231
260
-550
600
283
-1.8
1.0
.7
-7
1.1
.7
4.8
1.2
.6
1.3
1.2
.9
1.2 46
1.5 47
1. 1 48
-15,663 -47,470 -19,774
-1,919
12,047 -17,214
-1.8
-16.8
-24.6
-19. 1
-21.2 49
46
47
48
Security credit
Trade debt
Hiscellaneous
49 Discrepancy
(1)
38
39
40
41
42
43
44
45
Excludes corporate eguities.
Heaoranda;
50
51
52
53
54
55
Het physical investaent:
(A) Besidential construction
Expenditures
Hobile hoaes
Other
- Capital consuaption
- Hoae aortgages
= Excess net investaent
22,612
1,181
21,431
13,247
16,267
-6,902
25,120 20,585 27,769 32,633 34,412
1,409
1,486
1,517
1,488
1,559
23,711
19,099 26,252 31,145 32,853
14,041
14,506 14,882
15,320
13,678
20,698 18,037 32,422 34,447 36,927
-9,256 -11,493 -19,159 -16,696 -17,835
45.0
3.1
41.9
19.7
38.0
-12.7
45.6
2.3
43.3
22.2
40.6
-17. 1
60.6
3.0
57.6
24.5
61.4
-25.3
81.8
3.9
77.9
28.6
90.8
-37.6
99.2
4.5
94.7
33.5
111.5
-45.7
56
57
58
(B) Consuaer durables
Expenditures
- Capital consunption
= Net investaent
69,091
54,133
14,958
58,390
55,534
2,856
71,892
56,775
15,117
68,089
58,256
9,833
81,055
59,527
21,528
72,526
60,944
11,582
121.5
93. 1
28.4
132.2
105.7
26.5
156.8
116.9
40.0
178.2
128.6
49.6
200.2 56
143.5 57
56.7 58
48.8 59
7.9 60
59
60
- Consumer credit
= Excess net investaent
10,290
4,668
-4,534
7,390
11,260
3,857
17,191
-7,358
27,355
-5,827
7,647
3,935
9.9
18.5
9.6
16.9
25.4
14.5
40.2
9.4
61
62
63
64
(C) Nonprofit plant and eguip.
Expenditures
- Capital consunption
- Nonprofit aortgages
= Excess net investaent
2,780
2,167
654
-41
2,800
2,230
631
-61
2,829
2,285
614
-70
2,844
2,352
634
-142
2,871
2,409
610
-148
2,890
2,473
622
-205
5.4
3.9
1. 1
.4
5.2
4.4
1.0
-.2
5.7
4.5
.8
.4
5.9
4.8
1. 1
*
14,022
7,647
14,002
5,361
17,417
-7
14,660
6,292
13,311
7,361
13,418
5,413
14.6
8.5
13.4
8.6
14. 1
6.9
14.7
5.9
6.6
5.5
1.3
-. 1
50
51
52
53
54
55
61
62
63
64
Per cent ratios:
65 Effective tax rate
66 Saving rate, NIA basis
Per cent of disposable incoae adj.
67 Gross saving
68
69
70
71
Caprtal expenditures
Acguisition of finan. assets
Net increase in liabilities
Credit aarket borrowing
72 (2) Disposable incoae adj.
14.9 65
6. 1 66
(2):
23,611
20,365
17,965
23,152
24,643
21,762
24.1
24. 1
23.6
23.4
23.8 67
15,820
16,480
6,066
5,199
15,431
17,368
3,946
2,944
16,732
12,677
7,972
6,064
15,994
16,014
8,544
8,354
17,951
15,452
10,616
9,882
17,648
14,886
8,006
7,953
17.0
12.6
5.3
5.3
16.5
14. 1
4.9
4.7
18.4
15.2
7.9
7.4
19.9
15.4
10.5
10.3
20.4
16.3
11.5
11.3
597,211 559,317 569,591 617,108 649,293 622,315
capital gains divid.)
1011.4
1111.4
1212.5
1337.2
(NIA disposable incoae ♦ govt, insurance credits *
http://fraser.stlouisfed.org/
1/84 BASED ON PBELIHIIABY AND INCOHPLETE INFOBHATION
Federal Reserve Bank of St. Louis
68
69
70
71
1502.6 72
HAY 22, 1984
Households
Households
7
Sector Stateaents of Saving and Investnent
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1981
1980
1982
1983
1983
| 1982 |
1
IV
|
I
II
III
IV
Households, Personal Trusts, and Nonprofit Organizations
|
|
1984
I
________
1
2
1
2
1951.2
301.0
2165.3
336.5
2435.0
387.4
2578.6
402. 1
2742.1
406.5
2632.0
404. 1
2657.7
401.8
2713.6
412.6
2761.9
400. 1
2835.2
411.4
2925.4 Personal incone
421.4 - Personal taxes and nontaxes
3
4
5
6
7
8
1650.2
1553.5
96.7
24.4
.9
52.5
182 8.9
1718.7
110.2
35.3
1.8
32.8
2047.6
1912.4
135.3
41.0
2.7
39.7
2176.5
2051. 1
125.4
47.2
2.4
35.3
2335.6
2222.0
113.6
56.3
3.4
49.3
2227.8
2107.0
120.8
52.3
2. 1
35.5
2255.9
2134.2
121.7
56.4
2.1
36.4
2301.0
2209.5
91.5
60. 1
3.0
50.6
2361.7
2245.9
115.8
44.3
4.7
49.8
2423.9
2298-3
125.6
64.5
3.6
60.5
2504.0
2357.7
146.3
61.7
5.4
71.1
9
10
11
174.5
206.4
380.9
180.0
233.2
413.3
218.7
252.5
471.2
210.2
268.4
478.6
222.6
296.5
519.1
210.8
278.2
489.0
216.7
285.8
502.4
205.2
292.4
497.6
214.6
300.5
515.0
254.1
307.3
561.4
284.5 = Net saving
314.9 * Capital consunption
599.4 = Gross saving
9
10
11
12
13
14
15
16
409.1
331.6
110.9
213.4
7.3
469.8
320.0
96.7
214.7
8.6
539.7
342.5
96.6
236. 1
9.8
575.3
332.4
77.0
244.5
10.9
576.2
396.9
106. 1
279.4
11.3
611.3
343.6
80.4
252. 1
11. 1
623.8
356.4
86.6
258.5
11.2
569.9
390.5
101.4
277.7
11.3
538.7
409.3
115.1
282.8
11.4
572.5
431.4
121.3
298.6
11.5
596.7 Gross investnent
Capital expend, net of sales
445.1
Besidential construction
118.6
Consuner durable goods
314.9
Nonprofit plant and eguip.
11.6
12
13
14
15
16
17
18
77-5
257.9
149.8
277.4
197.2
320.6
242.9
335.6
179.4
368.5
267.7
382. 1
267.5
408. 1
179.5
373.6
129.4
313.2
141. 1
379. 1
17
151.7 Net financial investnent
Net acg. of financial assets 18
405.2
=
=
*
*
*
Disposable personal incone
Personal outlays
Personal saving, NIA basis
Credits froa govt, insurance
Capital gains dividends
Net durables in consunption
Dep. + cr. nkt. instr.
(1)
3
4
5
6
7
8
19
19
224.7
217.6
273.3
225.6
266.6
243.5
274.3
243.8
264.5
283.9
324.9
20
21
22
23
24
134.8
21.8
59.8
18.8
34.4
158.5
3.7
83.4
42.2
29.2
199.4
25.7
47. 1
19.2
107.5
168.2
22.9
135.5
-15.0
24.7
193.6
31.9
215.5
-9.8
-44. 1
160.3
45.0
225.2
-41.9
-68. 1
256.9
75.2
415.3
-128.4
-105.2
156.9
58.6
165.5
-4.4
-62.7
202.8
-8.6
165.9
52.0
-6.5
157.8
2.6
115.2
41.9
-1.8
283.4
48.7
153.2
48.7
32.7
Deposits
Checkable dep. ♦ curr.
Snail tine ♦ svgs.dep.
Large tine deposits
Honey narket fund shrs
20
21
22
23
24
25
26
27
28
29
30
89.9
45.7
10.4
5.7
20.0
8.2
59. 1
32.6
7.0
-6
22.2
-3.2
73.9
48.7
9.4
-8.9
23.1
1.7
57.4
29.8
29.9
-9.4
15.3
-8.2
73.0
38.9
34.9
-3.3
-2.3
4.8
83.2
45.5
36.3
3.8
8.4
-10.9
17.5
22.6
23.2
-18.7
-4.5
-5.1
86.8
52.2
69.8
-19.6
-3.3
-12.3
61.7
39.2
17.0
10.9
-4.3
-1.0
126.0
41.6
29.8
14.3
3.0
37.4
41.5
42. 1
-.3
.3
4.6
-5.2
Credit akt. instrunents
U.S. Govt, securities
St.+local obligations
Corporate ♦ fgn. bonds
Hortgages
Open-narket paper
25
26
27
28
29
30
31
32
.1
-15.3
5.2
-5.1
6.8
-38.5
18.6
-15.1
34.1
-24.2
21.8
-11.8
44.0
-41.2
33.9
-12.2
27.3
-31.3
31.3
-12.1
48.8
-104.0
33
34
12-5
55.6
11.5
78.2
10. 1
91.7
14. 1
106.3
15.8
126.9
14.8
122.4
16.5
131.9
15.3
130.3
15.5
113.3
15.8
132.2
35
36
37
-28.8
1.8
7.2
-4 0.8
5.2
5.6
-26.9
-2. 1
6.1
-23.9
3.3
6.8
-61.0
3.3
6.9
-23.2
7.7
6.9
-27.6
3.2
7.0
-48.5
4.0
7.1
-84.3
1.3
6.8
38
39
40
41
42
43
44
45
180-4
176.4
121.2
1-5
38.4
7.1
1.9
6.4
127.5
117.5
98.3
1.9
1.4
3.4
3.6
8.8
123.4
120.6
78.8
2.3
18.2
5.9
4.3
11.1
92.7
86.3
55.8
2.6
13. 1
5.2
2.4
7.2
189. 1
166.7
105.6
2.5
40.2
11.0
3.6
3.8
114.4
93.7
57.7
2.6
17.0
6.5
6.0
3.7
140.7
118.2
77.7
2.5
22.6
3.9
8.8
2.7
194.2
150.7
90.0
2.5
33.3
12.1
8.7
4.2
46
47
48
1.0
1.7
1.3
6.5
2.3
1.2
-1.6
2.7
1.8
3.3
2.4
.8
19.2
2.3
.9
17.5
2.5
.7
9.0
12.6
.8
49
-28.2
-56.5
-68.4
-96.7
-57.1
-122.3
-121.4
Hutual fund shares
Other corporate eguities
31
32
17.0
129.2
Life insurance reserves
Pension fund reserves
33
34
-83.5
4.6
6.9
-18.7
1.3
6.8
Net inv. in noncorp. bus.
Security credit
Hiscellaneous assets
35
36
37
183.8
179.1
124.0
2.5
42.0
6.7
-1.0
4.9
238.0
218.9
130.7
2.4
63. 1
21.4
-1.9
3.2
253.5
252.2
140.3
2.5
67.8
10.7
28.5
2.3
Net increase in liabilities
Credit aarket instrunents
Hone nortgages
Other nortgages
Installnent cons, credit
Other consuner credit
Bank loans n.e.c.
Other loans
38
39
40
41
42
43
44
45
29.9
12.7
.9
11.0
-7.3
1.0
26.9
-8.9
1.0
-2.2
2.4
1.1
-72.3
-23.6
-11. 1
46
47
48
Security credit
Trade debt
Hiscellaneous
49
2.7 Discrepancy
(1)
Excludes corporate eguities.
Henoranda:
50
51
52
53
54
55
110.9
5.0
105.9
39.1
121.2
-49.4
96.7
4.5
92.2
44.1
98.3
-45.7
96.6
4.9
91.7
48.3
78.8
-30.5
77.0
4.8
72.2
50.9
55.8
-29.6
106. 1
5.9
100.2
57.1
105.6
-56.6
80.4
4.7
75.7
53.0
57.7
-30.3
86.6
5.6
81.0
54.7
77.7
-45.8
101.4
5.9
95.5
56.2
90.0
-44.8
115.1
6.1
109.0
58.0
124.0
-66.9
121.3
6.0
115.3
59.5
130.7
-68.9
Net physical investnent:
(A) Besidential construction
Expenditures
118.6
Nobile hones
6.2
112.4
Other
- Capital consunption
61.3
- Hoae aortgages
140.3
= Excess net investnent
-83.0
50
51
52
53
54
55
56
57
58
213.4
160.9
52.5
214.7
182.0
32.8
236.1
196.4
39.7
244.5
209.2
35.3
279.4
230. 1
49.3
252.1
216.5
35.5
258.5
222.1
36.4
277.7
227. 1
50.6
282.8
233.0
49.8
298.6
238.1
60.5
(B)l Consuner durables
314.9
Expenditures
243.8
- Capital consunption
71. 1
= Net investnent
56
57
58
59
60
45.4
7.1
4.9
27.9
24.1
15.6
18.3
16.9
51.3
-1.9
23.6
12.0
26.5
9.9
45.3
5.3
48.7
1.1
84.6
-24. 1
61
62
63
64
7.3
6.3
1.5
-.6
8.6
7.2
1.9
-.6
9.8
7.8
2.3
-.4
10.9
8.3
2.6
-.1
11.3
9.3
2.5
-.4
11. 1
8.7
2.6
-.2
11.2
8.9
2.5
-.2
11.3
9.1
2.5
-.3
11.4
9.4
2.5
-.6
11.5
9.6
2.4
-.6
(C]I
11.6
9.9
2.5
-.8
65
66
15.4
5.9
15.5
6.0
15.9
6.6
15.6
5.8
14.8
4.9
15.4
5.4
15.1
5.4
15.2
4.0
14.5
4.9
14.5
5.2
14.4 Effective tax rate
5.8 Saving rate, NIA basis
67
22.7
22.1
22.5
21.5
21.7
21.4
21.7
21.0
21.4
22.5
19.8
15.4
10.8
10.5
17.1
14.9
6.8
6.3
16.4
15.3
5.9
5.8
14.9
15.1
4.2
3.9
16.6
15.4
7.9
7.0
15. 1
16.7
5.0
4. 1
15.4
17.6
6. 1
5-1
16.5
15.8
8.2
6.4
17.0
13.0
7.6
7.4
17.3
15.2
9.5
8.8
1865.9
2091.3
2226.0
2395.3
78.5
-7.4
- Consuner credit
= Excess net investment
59
60
Nonprofit plant and eguip.
Expenditures
- Capital consunption
- Nonprofit aortgages
- Excess net investnent
61
62
63
64
Per cent ratios:
Per cent of disposable incone adj.
68
69
70
71
http://fraser.stlouisfed.org/
BILLIONS OF DOLLABS.
Federal Reserve Bank of St. Louis
72
1675.5
65
66
(2);
23.3 Gross saving
17.3
15.8
9.9
9.8
Capital expenditures
Acguisition of finan. assets
Net increase in liabilities
Credit aarket borrowing
67
68
69
70
71
2282.3 2314.5 2364.1
2410.7 2492.0 2571.1 (2) Disposable incone adj.
72
(NIA disposable income * govt, insurance credits + capital gains divid.)
1/84 BASED ON INCOHPLETE INFOBHATION.
MAI 22, 1984
Total and Noncorporate Business
Total and Noncorporate Business
Sector Statenents of Saving and Investnent
UNADJUSTED HET FLOWS(S HILL)
UNADJUSTED BET FLOWS ($ MILL)
1982 |
IV
|
1983
II
I
III
IV
|
|
1984
I
Nonfinancial
1 Incoae before taxes
2 Gross saving
66,874
78,320
3 Gross investnent
67,403
80,819
79,073
95,275
84,602
92,863
87,835
95,564
97,974
97,433
1974
BILLIOBS OF DOLLABS
1975
1976
1977
1978
Business - Total
206.8
115.3
208.9
154. 1
241.4
171.5
276.6
198.8
314.6
223.4
1
2
3
55,254
71,210
86,498
88,480
74,986
97,612
115. 1
148. 1
162.3
182.2
199.5
4 Capital expenditures
66,082
Fixed investnent
5
80,829
6
Bnsiness plant ♦ eguipnent 79,013
7
Hone construction (1)
-505
Hulti-fanily residential
2,321
8
9
Change in inventories
-18,170
10
Hineral rts. fron U.S. Govt.
3,423
66,079
72,837
72,955
-3,641
3,523
-7,441
683
93,270
92,277
79,565
8,986
3,726
-3,605
4,598
93,460
87,134
78,021
4,951
4,162
4,539
1,787
90,205 108,388
89,414 85,980
87,322 85,554
-2,201 -5,112
5,538
4,293
74 20,803
717
1,605
176.8
156. 1
143.5
.5
12. 1
14.1
6.5
149.0
154.6
146.0
2.8
5.8
-6.9
1.3
187.8
172.0
161. 1
4.2
6.6
11.8
4.0
230.0
204.5
190.6
5.5
8.4
23.0
2.5
271.2 4
242.7 5
230.7 6
2.6 7
9.4 8
26.5 9
2.0 10
11 Net financial investaent
-10,828
12
Net acg. of financial assets
6,561
13
17,389
Net increase in liabilities
14
Corporate eguities
8, 145
10,327
15
Credit aarket instruaents
16
Bonds
12,019
17
4,334
Mortgages
18
6,084
Bank loans n.e.c.
19
Other loans
-12,110
5, 131
16,579
11,448
7,794
12,035
5,899
5,772
-1,433
1,797
-6,772
34,657
41,429
11,321
35,992
9,126
21,697
1,935
3,234
-4,980 -15,219 -10,776
43,198 44,119 33,788
44,564
48,178 59,338
4,196
5,000 -15,000
32,153 46,139
43,810
6,950
3,888
5,375
15,935
6,109
19,185
17,641
4,189
17,802
7,02 7
13,110
4,891
-61.7
54.5
116.2
4. 1
94.1
21.3
25.4
31.2
16.2
-.9
44.3
45.2
9.9
41.8
29.8
16.0
-9.2
5.2
-25.4
58.3
83.7
10.5
69.8
25.3
22.9
4.6
17.0
-47.7
67.4
115.2
2.7
110.0
29.5
34.4
24.3
21.7
-71.6
98.5
170. 1
-. 1
127.6
28.8
37.4
33.3
28. 1
21,453 22,933
-9,624 -14,734
15,089
665
30.1
-12.2
7.9
-14.3
13.3
-9.9
24.2
-21.7
53.8 20
-11. 1 21
20,578
-179
.2
6.0
9.2
16.5
23.8 22
20
21
Trade debt
Other liabilities
22 Discrepancy
-133
-950
23,066
-3,531
12,967
-4,850 -18,851
9,609
8,777
4,383
11
12
13
14
15
16
17
18
19
Farn Business
1 Net incoae
6,504
5,542
5,240
3,874
6,243
11,975
26.5
24.6
19. 1
19. 1
26.3
1
2 Net saving
3 Capital consuaption
4
Corporate
5
Noncorporate
6 Current surplus = gross saving
15
5,635
689
4,946
5,650
-19
5,606
689
4,917
5,587
4
5,646
690
4,956
5,650
41
5,696
697
4,999
5,737
46
5,724
706
5,018
5,770
82
5,773
711
5,062
5,855
-.1
8.5
.8
7.7
8.4
. 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
2
3
4
5
6
7 Gross investaent
8 Capital expenditures
9
Plant and eguipnent
10
Besidential construction
11
Change in inventories
5,650
4,123
4,215
579
-671
5,587
3,981
3,768
314
-101
5,650
3,480
4,171
369
-1,060
5,737
1,893
3,964
404
-2,475
5,770
5,101
4,730
390
-19
5,855
10,174
4,529
370
5,275
8.4
10.2
10.7
1.3
-1.8
10.2
17.3
12.8
1.0
3.5
11.1
12.9
13.8
1.1
-2.0
12.3
17.8
15.2
1.5
1.1
14.4 7
20.4 8
17.6 9
1.7 10
'. 1 11
12 Net financial investaent
13
Net acg. of financial assets
14
Deaand deposits * currency
15
Hiscellaneous assets
16
Insurance receivables
17
Eg. in spons. ags. (2)
1,527
504
34
470
325
145
1,606
374
35
339
324
15
2,170
370
36
334
322
12
3,844
356
37
319
319
-
669
355
38
317
318
-1
-4,319
338
39
299
315
-16
-1.8
.6
-.2
.8
.5
.2
-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
12
13
14
15
16
17
-1,023
-2,164
485
-872
-1,777
233
-2,010
-1,232
-729
206
310
-1,245
-255
-990
-1,800
4,575
1,056
2,071
1,448
578
870
-3,488
1,499
1,044
586
-131
-111
-20
-314
-1,589
555
-175
-1,969
-169
-1,800
4,657
80
564
-34
-450
-100
-350
2.4
7.8
5.0
1.1
1.7
. 1
1.7
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
18
19
20
21
22
23
24
-118
1,259
161
-664
91
-6,466
236
-5,223
270
1,005
348
4,229
.2
-5.7
.5
-.8
.8
-7.8
.9
-5.8
1.6 25
-8.3 26
18
19
20
21
22
23
24
25
26
Net increase in liabilities
Credit aarket instruaents
Hortgages
Bank loans n.e.c.
Other loans
U.S. Governaent
Fed. Int. Credit Banks
Trade debt
Proprietor net investaent
Bonfara Noncorporate Business
1 Net incoae
2 Gross svg.=capital consuap.
31,001
14,775
33.495
14,818
35,553
14,597
36,580
15,291
37,896
14,689
39,743
14,720
75.2
21.3
77.6
24.2
87.8
26.2
101.5
29.1
110.8
33.2
1
2
3 Gross investaent
4 Capital expenditures
5
Fixed capital
6
Plant and eguipnent
7
Hone construction (1)
8
Hulti-faaily residential
9
Change in inventories
14,775
14,231
16,108
14,956
-542
1,694
-1,877
14,818
14,820
15,752
14,737
-1,978
2,993
-932
14,597
21,079
20,755
13,557
4,309
2,889
324
15,291
19,789
18,574
13,197
2,274
3,103
1,215
14,689
13,124
13,684
11,712
-1,296
3,268
-560
14,720
13,637
13,179
11,280
-2,741
4,640
458
21.3
28.6
28.6
18.8
-.4
10.2
V
24.2
22.0
23. 1
16.9
.9
5.3
-1. 1
26.2
26.6
25.6
18.3
1.6
5.7
1.0
29.1
37. 1
35. 1
26.3
2.0
6.8
2.0
33.2
49.2
47.2
39.4
.4
7.3
2.0
3
4
5
6
7
8
9
10 Net financial investaent
11
Net acg. of financial assets
12
Deaand deposits + currency
13
Consuaer credit
14
Hiscellaneous assets
15
Insurance receivables
16
Eguity in spons.ags. (2)
544
1,577
1,046
531
516
15
-2
901
366
535
525
10
-6,482
1,208
708
500
534
-34
-4,498
1,198
645
553
544
9
1,565
2,483
1,939
544
553
-9
1,083
1,024
452
572
563
9
-7.4
1.8
.7
1.0
1.0
*
2.2
2. 1
.8
1.3
1.2
*
-.4
3.3
1.2
2. 1
2. 1
.1
-7.9
3. 1
.6
2.6
2.5
♦
-16.0
4.4
1.4
3.0
2.9
.1
10
11
12
13
14
15
16
17
18
19
20
21
22
1,033
6,879
4,418
-434
5
4,847
903
8,709
7,290
-1,582
456
8,416
7,690
18,062
17,091
3,447
2,232
11,412
5,696
17,732
16,254
1,819
1,782
12,653
918
20,535
16,393
-1,036
3,750
13,679
-59
9,470
7,639
-2,193
2,583
7.249
9.1
20.2
19.4
-.3
5.5
14.2
-. 1
12.5
12.5
.7
-.3
12.0
3.7
15.4
14.8
1.2
2.7
10.8
11. 1
28.0
23.8
1.6
5.1
17. 1
20.4
32.4
26. 1
.4
6.5
19.3
17
18
19
20
21
22
742
1,719
783
636
512
459
-45
1,523
403
3,739
199
1,632
-1.0
1.8
-2.0
2.0
-3.6
4.3
.9
3.3
.3 23
6.0 24
-171
96
-482
359
625
-7,324 -10,201 -12,132 -19,976 -10,154
1.3
-12.3
1.1
-13.7
2.2
-14.0
1.2
-18. 1
3. 1 25
-15. 1 26
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
-632
-5,214
(1) Farn plus nonfarn change in work in process.
(2) Shares in FICB's, Banks for Coops, and Federal Land Banks.
1/84 BASED 01 PBELIHIIABI AND IHCOHPLETE INFOBHATION
HAT 22, 1984
Total and Noncorporate Eu*'!r>'5s
Total and Noncorporate Business
9
Sector Stateaents of Saving and Investaent
SEASOMALLT ADJUSTED ANNUAL BATES
1979
1980
1981
1982
SEASONALLI ADJUSTED ABBOAL BATES
|
1
1983
Bonfinancial
1
2
343.6
243.9
317.9
253.8
330.8
303.3
272.5
321. 1
318.9
364.5
1982 |
IV
I
1983
|
|
1984
I
II
III
275.8
332.3
312.2
351.3
335.5
378.3
352.2
396.2
395.6 Incone before taxes
398.9 Gross saving
1
2
3
I
IV
Business - Total
267.9
326.0
3
244.9
240.7
261.7
263.4
321.2
273.5
272.4
304.0
351.3
357.0
377.2 Gross investaent
4
5
6
7
8
9
10
295.9
276.9
269.2
.2
7.5
14.3
4.7
287.9
292.7
286.5
-.2
6.4
-9.8
5.0
357.5
334.2
326.5
-2.3
10.0
18.5
4.8
317.2
333.9
320.3
2.6
11.0
-24.5
7.8
343.0
341.7
317.9
8. 1
15.7
-6.4
7.8
281.6
324.3
308. 1
5.8
10. 5
-56.4
13.7
290.5
327.2
302.6
11.8
12.8
-39.4
2.7
336.8
333.0
306. 1
13.5
13.4
-14.5
18.4
362.2
346.5
320.2
8.2
18.1
8.5
7.1
382.5
360.0
342.6
-1. 1
18.6
19.6
2.9
456.7 Capital expenditures
4
381-0
Fixed investaent
5
Business plant ♦ eguipaent 6
352.3
8. 1
7
Hoae construction (1)
20.5
Hulti-faaily residential
8
69.3
Change in inventories
9
6.4
Hineral rts. froa D.S. Govt. 10
11
12
13
14
15
16
17
18
19
-51.0
134. 1
185.2
-7.8
151.7
27.3
40.8
49.3
34.3
-47.2
103.9
151.1
12.9
126. 1
37.5
34.9
33.1
20.7
-95.8
69.3
165.1
-11.5
159.6
35.5
33.4
50.4
40.3
-53.8
25.3
79.1
11.4
111.5
34.0
24.6
52.0
.8
-21.8
138.6
160.4
28.3
126.3
24.3
62.6
22.5
16.9
-8.2
26.5
34.7
32.6
52.7
44.6
24.6
15.8
-32.3
-18.2
84.6
102.8
31.2
80.2
28.5
44.0
14.4
-6.7
-32.8
165.0
197.8
45.3
96.2
35.0
63.9
2.7
-5.4
-10.9
126.6
137.5
16.8
128.4
16.4
71.4
9.4
31.2
-25.5
177.9
203.4
20.0
200.5
17.3
71. 1
63.5
48.7
-79.5 Bet financial investaent
154.9
Bet acg. of financial assets
234.4
Net increase in liabilities
-60.0
Corporate eguities
210.4
Credit aarket instrunents
33.0
Bonds
46.5
Hortgages
93.9
Bank loans n.e.c.
36.9
Other loans
11
12
13
14
15
16
17
18
19
20
21
55.6
-14.4
41.0
-28.8
28.7
-11.7
-14.0
-29.7
53.8
-48.1
-22.5
-28.0
12.7
-21.2
73.3
-16.9
62.7
-70.3
66.7
-83.7
Trade debt
Other liabilities
20
21
22
-1.0
13. 1
41.6
57.7
43.3
52.5
60.0
47.2
27.0
39.2
21.7 Discrepancy
82.3
1.8
22
Para Basin ess
1
31.9
21.8
30.5
21.5
20.9
26.0
22.2
21.0
15.5
25.0
47.9 Net income
1
2
3
4
5
6
.1
16.3
1.9
14.4
16.4
-.5
18.6
2.2
16.4
18.1
-.4
20.7
2.5
18.2
20.3
V
21.9
2.7
19.2
21.9
.1
22.7
2.8
19.9
22.7
. 1
22.5
2.8
19.8
22.6
-.1
22.4
2.8
19.7
22.3
♦
22.6
2.8
19.8
22.6
.2
22.8
2.8
20.0
22.9
.2
22.9
2.8
20.1
23. 1
.3 Net saving
23. 1 Capital consuaption
Corporate
2.8
20.2
Boncorporate
23.4 Current surplus = gross saving
2
3
4
5
6
7
8
9
10
11
16.4
27.2
19.9
1.7
5.7
18.1
15.2
18.7
1.8
-5.3
20.3
27.2
18.4
1.3
7.6
21.9
16. 1
16.0
1.5
-1.4
22.7
14.5
16.6
1.5
-3.7
22.6
16.5
16.9
2.3
-2,7
22.3
15.9
15.1
1.3
-.4
22.6
13.9
16.7
1.5
-4.2
22.9
7.5
15.9
1.6
-9.9
23. 1
20.4
18.9
1.6
-. 1
23.4 Gross investaent
40.6 Capital expenditures
Plant and eguipaent
18.1
1.4
Besidential construction
Change
in inventories
21.1
12
13
14
15
16
17
-10.8
2.1
.1
1.9
1.5
.4
3.0
2.0
.1
1.9
1.3
.6
-6.9
1.9
. 1
1.7
1.1
.6
5.8
1.8
. 1
1.7
1.3
.4
8.3
1.5
.1
1.3
1.3
«
6. 1
2.0
. 1
1.9
1.3
.6
6.4
1.5
.1
1.4
1.3
.1
8.7
1.5
.1
1.3
1.3
♦
15.4
1.4
.1
1.3
1.3
-
2.7
1.4
.2
1.3
1.3
*
18
19
20
21
22
23
24
12.9
21.4
11.8
2.8
6.7
3.4
3.3
-1.0
14.4
9.3
-5
4.5
2.6
1.9
8.8
16.3
9.7
1.4
5.2
3.4
1.8
-4.0
9.0
5.2
3.2
.6
1.5
-.8
-6.8
3.8
2.9
2.8
-1.9
*
-1.9
-4. 1
7.3
4.4
.3
2.6
4.2
-1.5
-4.9
-2.4
-.7
3.8
-5.5
-2-3
-3.2
-7.2
1.6
2.7
2.8
-3.8
-1.1
-2.7
-14.0
4.9
4.9
1.1
-1.1
.8
-1.9
-1.2
10.8
4.5
3.5
2.8
2.7
.1
18.6
.6
.6
2.4
-2.5
-2.0
-.5
Net increase in liabilities
Credit aarket instrnaents
Hortgages
Bank loans n.e.c.
Other loans
O.S. Governaent
Fed. Int. Credit Banks
18
19
20
21
22
23
24
25
26
1.2
-9.6
1.0
-16.4
1. 1
-8.6
-.6
-12.4
.8
-11.3
-.5
-11.0
.6
-3.2
.4
-9.2
.9
-19.9
1. 1
-13.2
1.4
16.6
Trade debt
Proprietor net investaent
25
26
-17.2 Net financial investaent
1.4
Het acg. of financial assets
.2
Deaand deposits ♦ currency
Hiscellaneous assets
1.2
Insurance receivables
1.3
Eg. in spons. ags. (2)
-.1
7
8
9
10
11
12
13
14
15
16
17
Bonfara Noncorporate Business
159.0 Bet incoae
58.9 Gross svg.=capital consuap.
1
2
120.8
38.7
118.7
46.2
117.7
52.3
119.6
58.7
143.5
59.4
124.0
59. 1
134.0
59.3
142.2
58.4
146.3
61.2
151.6
58.8
3
4
5
6
7
8
9
38.7
49.3
49.6
45.5
-.8
4.9
-.4
46.2
51.6
52.9
50.0
-1.0
3.9
-1.3
52.3
68.7
67.5
61.9
-1.8
7.4
1.2
58.7
69.8
71.7
62.5
.5
8.7
-1.8
59.4
68.8
68.8
53.2
3.3
12.3
*
59.1
65.0
69.6
59.8
1.7
8. 0
-4.6
59.3
72.2
74.2
58-9
5.3
9.9
-1.9
58.4
69.9
70.5
54.2
6.0
10.3
-.6
61.2
72.1
70.4
52.8
3.3
14.3
1.7
58.8
61.0
60.0
46.8
-1.3
14.5
1.0
58.9 Gross investaent
68.6 Capital expenditures
64.6
Fixed capital
45. 1
Plant and eguipaent
Hoae construction (1)
3.4
16.1
Hulti-faaily residential
Change in inventories
4.0
10
11
12
13
14
15
16
-10.6
4.8
1.8
3.0
2.9
.1
-5.4
3.0
.4
2.6
2.5
.1
-16.4
4.8
2.6
2. 1
2. 1
.1
-11.2
3.8
1.7
2. 1
2.0
«
-9.4
5.8
3.7
2.1
2.2
*
-5.9
2.7
.5
2. 1
2. 1
. 1
-13.0
5-5
3.4
2.1
2. 1
a
-11.5
6.5
4.5
2.0
2. 1
-. 1
-10.9
4.2
2-0
2.2
2.2
♦
-2.2
7.0
4.8
2.2
2.2
a
-9.7 Net financial investaent
5.7
Net acg. of financial assets
Deaand deposits a currency
Consuaer credit
3.4
2.3
Hiscellaneous assets
2.3
Insurance receivables
a
Eguity in spons.ags. (2)
17
18
19
20
21
22
15.4
34.4
27.6
-.6
5.4
22.8
8.5
33.7
23.5
-.8
5.8
18.4
21.2
39.6
25.2
-1.4
3.0
23.6
15.0
29.8
19.6
.4
.8
18.4
15.2
65.0
57.0
2.6
8.2
46.2
8.5
23.3
19.5
1. 4
*
18. 1
18.5
44.8
40.9
4.2
1.8
34.9
18.0
58.0
55.7
4.8
8.9
42.0
15.2
79.2
63.8
2-6
7.1
54.1
9.2
78. 1
67.6
-1.1
15.0
53.7
15.3
48. 1
42.7
2.7
10.3
29.7
23
24
.6
6.1
3.4
6.8
6.2
8.3
7.3
2.8
1.7
6.4
3.3
.4
3.8
.1
-1.5
3.7
2.1
13.3
2.2
8.3
1.9
3.5
25
26
.1
-19. 1
-.9
-24.4
-.2
-18.3
-3.3
-11.5
-.2
-49.6
-2.5
-12.2
-1.9
-24.5
-.7
-39.3
.4
-64.5
1.4
-70.3
2.5
-35.3
BILLIONS OF DOLLABS.
Net increase in liabilities
Credit aarket instruments
nortgages
Hone aortgages
Hulti-faaily
Coaaercial
Bank loans n.e.c.
Other loans
Trade debt, net
Proprietor net investaent
(1)
Fara plus nonfarn change in work in process.
(2)
Shares in FICB’S, Banks for Coops , and Federal Land Banks.
1/84 BASED ON INCOHPLETE INFOBHATION.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
BAT 22, 1984
Nonfinancial Corporate Business
Bonfinanciai Corporate Business
io
Sector Statenents of Saving and Investaent
OBADJUSTED NET FLOBS (J BILL)
ONADJOSTED BET FLOWS($ BILL)
1982 |
IV
i
1983
II
I
IV
III
|
1
1984
I
1974
BILLIOHS OF DOLLABS
1977
1975
1976
1978
Nonfinancial Corporate Business, Excluding Faras
Profits before tax
- Profit tax accruals
- Donestic net dividends
= Donestic undist. profits
29,369
7,981
20,681
-1,971
28,366
10,516
17,828
-135
38,280
14,374
17,747
11,708
44,148
15,988
17,883
8,251
43,696
15,402
22,292
2,612
46,256
18,082
19,443
8,412
105. 1
41.8
30.9
32.4
106.7
41.0
31.7
34.0
134.5
52.4
38.2
43.9
156. 1
59.4
42.0
54.7
177.5
66.6
48.0
62.8
1
2
3
4
5 * Capital consuaption adj.
6 + Depreciation charges, NIPA
7 ♦ Earnings rec. froa abroad
= O.S. internal funds, book
1,619
53,098
4,721
57,467
3,960
53,141
2,355
59,321
6,778
53,477
2,297
74,260
9,712
54,206
1,728
73,897
11,842
54,607
5.122
74,183
12,741
55,316
2,825
79,294
-1.7
78.7
9.6
118.9
-9.6
93.8
6. 1
124.4
-12.9
103.6
8.2
142-9
-10.6
114.3
10.3
168.7
-12. 1
129.2
10.5
190.5
5
6
7
8
9 + Fgn. earnings ret. abroad
10 + Inv. valuation adjustaent
11 - Total internal funds * ITA
2,850
-2,422
57,895
2,469
-1,376
60,414
3,361
-2,593
75,028
2,028
-4,090
71,835
2,078
-1,156
75,105
1,871
-4,307
76,858
6.7
-40.0
85.6
6.9
-11.6
119.7
6.0
-14.7
134.2
4.8
-16.2
157.4
9.2 9
-24.0 10
175.7 11
34,829
12 Gross investaent
47,728
13 Capital expenditures (1)
59,927
14
Fixed investaent
15
Plant and eguipaent
59,842
-542
16
Some construction
627
17
Hulti-faaily residential
-15,622
Inventory change * IVA
18
3,423
Hineral rts. froa O.S. Govt.
19
50,805
47,278
53,003
54,450
-1,977
530
-6,408
683
66,251
68,711
66,982
61,837
4,308
837
-2.869
4,598
67,452
71,778
64,192
60,860
2,273
1,059
5,799
1,787
54,527
71,980
70,610
70,880
-1,295
1,025
653
717
77,037
84,577
67,902
69,745
-2,741
898
15,070
1,605
85.4
137.9
115.4
114.0
-.4
1.8
16.0
6.5
113.6
109.7
117.7
116.3
.9
.5
-9.3
1.3
125.0
148.3
131.5
129.0
1.6
.9
12.8
4.0
140.9
175.1
152.7
149.2
2.0
1.5
19.9
2.5
151.9
201.6
176.2
173.7
.4
2.0
23.4
2.0
-12,899
20 Net financial investaent
Net acg. of financial assets
4,480
21
3,527
15,304
-2,460
33,079
-4,326 -17,453
41,644 41,281
-7,540
32,426
-52.5
52.2
3.9
41.2
-23.3
53.5
-34.2
62.5
-49.7 20
92.0 21
1
2
3
4
12
13
14
15
16
17
18
19
22
23
24
25
26
Liguid assets
Deaand dep. and currency
Tiae deposits
Security BP*s
Foreign deposits
14,471
5,480
2,799
3,687
-479
3,757
-4,752
2,000
3,608
2,311
11,002
2,645
3,076
110
761
5,942
418
2,221
-1,572
87
19,577
6,139
9,319
3,348
1,331
-265
-5,259
776
3,569
500
6.0
1.2
3.8
-5.8
-.2
19.8
6.2
1.9
-.8
.8
14.6
2.4
2. 1
2.3
1.7
3.7
2.8
4.8
1.2
1.3
27
28
29
O.S. Govt, securities
State+local obligations
Coaaercial paper
2,502
171
311
219
350
21
5,875
155
-1,620
357
117
4,314
24 2
43
-845
3,331
-48
-3,134
2.3
.6
4. 1
8.7
-.2
3. 1
2. 1
-1.1
5.0
-6.4
2,074
-16,577
4,512
(2)
51
-1,646
1,697
-2,342
9,769
4,120
1,221
-179
1,400
843
15,687
5,547
2,662
-175
2,837
1,241
27,152
7,309
4,831
2,323
2,508
4,067
11,546
6,091
3,709
997
2,712
-1,662
28,677
5,676
3,500
1,000
2,500
.6
32.3
13.3
8.9
1.2
7.8
.7
5.8
14.9
14.0
6.0
8.0
1.9
18.7
18.3
11.6
3.9
7.7
1.2
36. 1
21.5
11.5
5. 1
6.4
667
3,794
687
3
2,209
701
4
2,180
728
1,750
743
2
1,637
767
1
1,408
2. 1
*
2.2
2.2
*
-1.4
3.4
*
3.2
4.4
.1
5.5
5.6 36
* 37
3.2 38
17,379
13,757
8,145
11,777
11,849
7,794
35,539
24,676
11,321
45,970
17,118
4,196
58,734 39,966
32,193
19,260
5,000 -15,000
104.7
70.2
4. 1
37.3
30.8
9.9
76.8
54.7
10.5
96.7
72.4
2.7
141.8 39
80.5 40
-. 1 41
5,612
3,877
8, 142
4,055
2,454
3,445
13,355
2,883
6,243
12,922
2,073
1,815
27,193
2,021
3,354
34,260
1,250
5,700
66. 1
1.6
19.7
20.9
2.6
27.2
44.2
2.5
22.8
69.7
6.7
22.9
80.6 42
7.7 43
21. 1 44
-569
-434
103
-238
-1,724
-1,582
64
-206
3,550
3,447
285
-182
1,887
1,819
222
-154
-1,013
-1,036
150
-127
-2,094
-2,193
198
-99
.9
-.3
1.4
-.2
-1. 1
.7
.3
-2. 1
2.4
1.2
1.2
3.5
1.6
2.0
-. 1
4. 1
.4
2.7
1. 1
45
46
47
48
6,214
-11,738
568
-1,482
600
-2,526
2,546
-1,386
1,290
-44
-648
-1,614
-38
2,636
343
3,648
1,127
611
2,034
-273
17,574
-2,51 2
456
7,790
-477
17,476
5,156
-101
6,673
200
31.1
4. 1
1.3
5.8
1.5
-9. 1
-2.9
.2
3.8
.2
5.2
1.4
1.3
8.4
.2
20.9
1.6
.6
13.5
♦
30.6
2. 7
1.2
11.5
1.7
49
50
51
52
53
225
617
2,780
2,941
-161
1,084
-3,210
2,054
2,007
47
-4,414
13,047
2,230
1,841
389
4,566
21, 121
3,165
2,532
633
2,172
22,304
2,065
1,419
646
4,590
14,116
2,000
1,400
600
1. 1
28.7
4.8
3.7
1.1
-2.4
6.3
2.6
1.4
1.2
7.5
10.3
4.3
2.7
1.7
-1.5
22. 1
3.7
2. 1
1.6
4.3
49. 1
7.9
5.3
2.6
54
55
56
57
58
23,066
9,609
8,777
4,383
20,578
-179
.2
6.0
9.2
16.5
23.8 59
12,979
10,304
2,640
19,716
6,031 -10,758
10,001
1 1,604
14,561
14,828
3.6
41.5
-.5
42.4
8.4
45.2
14.0
59.9
6.9 60
63.8 61
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
Consuaer credit
Trade credit
Hiscellaneous assets
Foreign dir. invest.
Eguity, etc.
Betained earnings
Insurance receivables
Eguity in sponsored ags.
Other
Net increase in liabilities
Net funds raised in akts.
Net new eguity issues
Debt instruaents
Tax-exeapt bonds (3)
Corporate bonds (2)
Bortgages
Hoae aortgages
Hulti-faaily
Commercial
Bank loans n.e.c.
Coamercial paper
Acceptances
Finance coapany loans
(J.S. Governaent loans
Profit taxes payable
Trade debt
Fgn.direct invest, in D.S.
Eguity, etc.
Betained earnings
59 Discrepancy
♦
-. 1
9.8
4.4
2.0
5.5
2.0
22
23
24
25
26
-4.5 27
.2 28
.2 29
1.8
56.0
24.5
15.7
4.4
11-3
30
31
32
33
34
35
Heaorandua iteas:
Trade credit net of trade debt -17,194
Profits tax payments
6,717
Debt subtotals:
Securities and mortgages
11,450
-5,838
Loans and short-tera paper
-4,996
Total short-tera liab. (4)
Per cent ratios:
Effective tax rate
27,174
Capital outlays/internal funds 82,438
Cr. akt. borrowing/cap. exp.
11,758
4,175
-120
-2,246
12,676
679
9,312
5,775
7, 147
32,834
4,362
22,831
47,307
4,856
29.404
48,110
22.2
43.9
73.6
28.7
-7.9
-4.0
27.7
16.5
34.2
33. 1
36.6
57.2
32.9 62
47.7 63
101.0 64
37,072
78,256
8,576
37,549
91,580
19,436
36,214
99,920
18,002
35,248 39.091
95,839 110,043
37,778 40.507
39.8
161.0
47.9
38.4
91.7
19.0
39.0
110.5
29.8
38.0
111.3
39.8
37.5 65
114.7 66
40.0 67
(1) Capital outlays on book basis:
68 Inventory change, NIPA
-15,622
69 Less: Inv. val. adjustaent
-2,422
70 Inventory change before IVA
-13,200
-6,408
-1,376
-5,032
-2,869
-2,593
-276
5,799
-4,090
9,889
653
-1,156
1,809
15,070
-4,307
19,377
16.0
-40.0
55.9
-9.3
-11.6
2.2
12.8
-14.7
27.5
19.9
-16.2
36. 1
23.4 68
-24.0 69
47.5 70
71 Total cap. expend, before IVA
50,150 48,654
72 O.S. internal funds, book
57,467 59,321
Financing gap:
Excess of capital expenditures
73
over O.S. internal funds
-7,317 -10,667
71,304
74,260
75,868
73,897
73,136
74,183
88,884
79,294
177.8
118.9
121.3
124.4
163.0
142.9
191.3
168.7
225.6 71
190.5 72
-2,956
1,971
-1,047
9,590
59.0
-3. 1
20. 1
22.5
35. 1 73
60
61
62
63
64
65
66
67
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S, foreign direct investaent is before subtracting reflows of
capital fron Netherlands Antilles subsidiaries* foreign financing.
(3) Industrial revenue bonds.
Issued by state and local governnents
to finance private investment and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except nortgages), short-tern paper, profit taxes payable, and
trade debt. Includes loans due in aore than one year and excludes
current aaturities of securities and aortgages.
1/84 BASED OB PBELIHINART AND INCOHPLETE INFORMATION
MIT 22, 1984
Nonfinancial Corporate Business
Bonfinancial Corporate Business
Sector Stateaents of Saving and Investnent
SEASOBALLT ADJUSTED ANNUAL BATES
SEASOBALLT ADJUSTED ANNUAL SATES
1979
1980
1981
1982
1
1
1983
1982 |
IV
|I
1983
II
I
III
IV
|
I
1984
I
Nonfinancial Corporate Business, Excluding Fams
1
2
3
4
190.9
68.9
54.7
67.3
177.4
66.7
61.7
49.0
182.6
65.3
67.6
49.7
131.4
41.3
71. 1
19.0
154.5
56.3
75.8
22.4
117.9
33.6
72.6
11.6
119.6
41.9
73.9
3.8
149.0
55. 1
74.5
19.4
173.7
64.0
76.2
33.4
175.6
64.2
78.3
33.2
188.8 Profits before tax
70.7 - Profit tax accruals
80.6 - Donestic net dividends
Donestic undist. profits
37.4
1
2
3
4
5
6
7
8
-13.7
147.7
15.1
216.4
-14.3
167.8
18.2
220.7
-8.8
189.7
14.4
245.0
.8
207.3
14.2
241.3
32.3
215.4
11.5
281.7
6.5
212.4
13.6
244. 1
15.8
212.6
10.8
243.0
27.1
213.9
9.2
269.6
38.8
216.8
11.4
300.5
47.4
218.4
14.6
313.5
51.0
221.3
12.9
322.5
♦ Capital consunption adj.
5
6
7
8
9
10
11
15.5
-43.1
188.8
11.7
-42.9
189.5
9.3
-23.6
230.6
7.6
-8.4
240.5
9.9
-9.2
282.4
10.5
-10.3
244.3
9.4
-1.7
250.7
11.3
-10.6
270.3
12.0
-18.3
294.1
7.1
-6.3
314.4
7.0 ♦ Fgn. earnings ret. abroad
-12.9 ♦ Inv. valuation adjustnent
316.6 = Total internal funds ♦ IVA
9
10
11
12
13
14
15
16
17
18
19
189.8
219.4
205.7
203.9
-.8
2.6
9.0
4.7
176.4
221.2
219.3
217.8
-1.0
2.5
-3.2
5.0
189. 1
261.6
247. 1
246.2
-1.8
2.6
9.7
4.8
182.8
231.2
244.7
241.8
.5
2.3
-21.3
7.8
239.0
259.7
254.8
248.0
3.3
3.5
-2.8
7.8
191.8
200.2
235.6
231. 4
1.7
2.5
-49. 1
13.7
190.7
202.4
236.7
228.5
5.3
2.8
-37.0
2.7
223.0
252.9
244.3
235.2
6.0
3. 1
-9.7
18.4
267.2
282.6
258.7
251.6
3.3
3.8
16.7
7.1
275.2
301. 1
279.5
276.8
-1.3
4. 1
18.7
2.9
294.9 Gross investnent
347.5 Capital expenditures (1)
296.8
Fixed investaent
Plant and eguipnent
289.1
3.4
Bone construction
4.4
Hulti-fanily residential
44.2
Inventory change ♦ IVA
Bineral rts. fron U.S. Govt.
6.4
12
13
14
15
16
17
18
19
20
21
-29.7
127.3
-44.7
98.9
-72.5
62.7
-48.4
19.7
-20.7
131.3
-8.4
21.8
-11.6
77.6
-29.9
157.1
-15.4
121.0
-26.0
169.5
20
-52.6 Bet financial investnent
147.9
Net acg. of financial assets 21
22
23
24
25
26
19.1
6.3
4.7
2.6
1.5
17.2
10.0
4.0
6.6
1.1
15.4
-.6
14.9
*
.5
20.2
-.1
5.3
3.7
-2.4
40.3
4.5
16.6
5.5
4.5
35.5
-1.4
5.3
14.7
-1.9
45.5
3.0
14.0
14.4
9.2
48.9
6.4
20.5
.4
3.0
8.0
7.6
-.4
-6.3
.3
58.7
.8
32.4
13.4
5.3
27.9
.3
9.0
14.3
2.0
27
28
29
.1
*
3.9
-3.2
-.2
-1. 1
-1.4
*
2.0
7.4
.1
* 6.2
6.7
.7
1.9
14.2
.7
4.0
.3
1.4
3.2
23.9
.6
-6.0
-3.5
.5
9.7
6. 1
.2
.6
11.5
-.2
-9.0
30
31
32
33
34
35
1.6
71.4
35.1
26.6
7.6
19.0
.4
49. 1
32.3
21.9
4.9
17.0
2. 1
23.6
21.6
12.8
-.7
13.5
.1
-14.8
14.2
5.9
.6
5.3
3.8
64.2
23.1
12.4
3.0
9.5
1.4
-32.1
17.0
.5
-6.3
6.8
.2
16.9
15.0
4.1
-1.5
5.6
3.6
81.3
23.4
9.5
-1.9
11.3
2.2
79.7
31.1
21.1
11.1
10.0
9.2
78.7
22.9
15.0
4. 1
10.8
4.5
93.7
21.8
13.8
3.8
10.0
36
37
38
5.5
.1
2.9
4.7
3.7
5.2
2.7
. 1
5.5
2.9
*
7.8
2.7
13.9
2.7
2.8
5.7
8.1
11. 1
2.9
7.0
3.0
*
4.9
5.0
39
40
41
156.9
88.2
-7.8
143.7
90.9
12.9
135.2
92.2
-11.5
68. 1
84. 1
11.4
152.0
85.8
28.3
30.2
54.6
32.6
89.3
68.9
31.2
187.0
81.9
45.3
136.3
61.0
16.8
195.5
131.6
20.0
200.5
101.7
-60.0
42
43
44
96.0
10.0
17.3
78.1
10.9
26.7
103.7
13.4
22. 1
72.7
15. 1
18.8
57.5
9.4
14.9
22.0
15.5
29. 1
37.7
9.8
18.7
36.6
11.5
23.5
44.2
8.3
8.1
111.6
8. 1
9.2
161.7
5.0
28.0
45
46
47
48
1.4
-.6
2.4
-.4
2.0
-.8
3.0
-.2
-1.5
-1.4
1.3
-1.3
-.2
.4
.5
-1. 1
2.7
2.6
.7
-.7
.7
1.4
.2
-1.0
3.8
4.2
.4
-.8
5.5
4.8
1.4
-.7
2-7
2.6
.6
-.6
-1. 1
-1.1
.5
-.5
3.1
2.7
.9
-.4
49
50
51
52
53
45.9
9.0
1.0
10.2
1.2
29. 1
4.0
.8
3.1
1.5
42.9
14.7
2.2
8.7
1.2
41.5
-4.7
.7
-.5
1.8
18.0
-.5
-.4
13.8
-.5
12. 1
-25.0
.9
-13.6
2.4
6.8
-2.9
-7.8
9.6
-.2
1.4
-14.4
.2
7.5
1.4
6.2
.5
5.8
13.7
-1.1
57.8
15.0
.4
24. 1
-1.9
54
55
56
57
58
2.5
54.4
11.9
7.9
4.0
-1.7
40.8
13.7
7.5
6.2
-6.8
27.8
22.0
18.2
3.8
-16.2
-10.2
10.4
10.6
-.2
3.4
53-3
9.5
7.8
1.7
-16.0
-19.5
11. 1
11.8
-.6
-1.8
13.9
8.2
8.0
.2
22.6
73.6
8.9
7.4
1.6
1.3
61.4
12.7
10.1
2.5
59
-1.0
13.1
41.6
57.7
43.3
52.5
60.0
47.2
27.0
«
♦
«
3.1
»
«■ Depreciation charges, BIPA
♦ Earnings rec. froa abroad
- U.S. internal funds, book
Liguid assets
Deaand dep. and currency
Tiae deposits
Security BP’s
Foreign deposits
U.S. Govt, securities
State+local obligations
Connercial paper
Consuner credit
Trade credit
Miscellaneous assets
Foreign dir. invest.
Eguity, etc.
Betained earnings
36
Insurance receivables
Eguity in sponsored ags. 37
38
Other
Net increase in liabilities
Bet funds raised in nkts.
Net new eguity issues
Debt instrunents
Tax-exenpt bonds (3)
Corporate bonds (2)
42
43
44
45
46
47
48
89.5
6. 1
-3.3
32.4
.8
Bank loans n.e.c.
Connercial paper
Acceptances
Finance coapany loans
U.S. Governnent loans
49
50
51
52
53
-8.5
64.2
8.3
5.7
2.6
12.5
78.4
8.0
5.6
2.4
54
Profit taxes payable
55
Trade debt
Fgn.direct invest, in U.S. 56
57
Eguity, etc.
58
Betained earnings
39.2
21.7 Discrepancy
Benorandun itens:
Trade credit net of trade debt
Profits tax payments
Debt subtotals:
Securities and nortgages
Loans and short-tern paper
Total short-tern liab. (4)
Per cent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. nkt. borrowing/cap. exp.
8.3
69.0
-4.2
71.0
-4.6
56.7
10.9
51.6
-12.6
48.6
3-0
41.7
7.7
32.4
18.3
63.7
14.6
68.7
15.3
58.5
62
63
64
28.7
67.3
124.2
39.6
38.5
77.6
34.0
69.7
90.6
33.8
38-9
12.5
27.0
30.5
87.2
45.2
-23.2
-58.7
32.2
5.5
17.6
40.5
-3.9
92.3
19.0
25.2
87.9
16.2
95.4
151.0
36.2
125.5
216.3
65
66
67
36.1
116.2
43-8
37.6
116.7
35.3
35.7
113.4
39.6
31.4
96. 1
31.4
36.4
92.0
22.1
28.5
81.9
11.0
35.0
80.7
18.6
37.0
93.6
14.5
36.8
96.1
15.6
36.5
95.8
37.0
37.5
109.8
46.5
68
69
70
9.0
-43.1
52.1
-3.2
-4 2.9
39.7
9.7
-23.6
33.3
-21.3
-8.4
-12.9
-2-8
-9.2
6.4
-49. 1
-10.3
-38.8
-37.0
-1.7
-35.3
-9.7
-10.6
.9
16.7
-18.3
35.0
18.7
-6.3
25.0
71
72
262.6
216.4
264.0
22 0.7
285.2
245.0
239.6
241.3
269.0
281.7
210.5
244. 1
204.1
243.0
263.5
269.6
73
46.2
43.3
40.2
-1.7
-12.7
-33.6
-39.0
-6.1
307.4
360.4 Total cap. expend, before IVA
300.9
300.5
313.5
322.5 U.S. internal funds, book
Financing gap :
Excess of capital expenditures
-4
-6. 1
37.9
over U.S. internal funds
(1) Capital outlays on book basis:
44.2 Inventory change, NIPA
-12.9 Less:
Inv. val. adjustnent
57.1 Inventory change before IVA
(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.
Industrial revenue bonds.
Issued by state and local governments
to finance private investnent 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 nortgages.
1/84 BASED ON INCOMPLETE INFORMATION,
39
40
41
Mortgages
Hone nortgages
Hulti-faaily
Connercial
17.1
68.1
BILLIONS OF DOLLABS.
27
28
29
30
31
32
(2) 33
34
35
60
61
(3)
22
23
24
25
26
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
MAY 22, 1984
State and Local Govts. and Foreign
State and Local Govts. and Foreign
Sector Stateaents of Saving and Investnent
ONADJOSTED KET FLOWS($ HILL)
UNADJUSTED HET FLOWS(S MILL)
1982 |
IV
1983
1
II
I
III
IV
|
1984
I
I
BILLIONS OF DOLLARS
1974
1975
1976
1977
1978
State and Local Governaents - General Funds (1)
1 Total receipts, MIA basis
2
Tax receipts
3
Social insarance receipts
4
Grants-in-aid received
118,838 115,202 121,623 115,069 131,560 128,325
84,700 90,623
84,429 99,286
87,638
96,293
9,225
9,387
9,034
9,551
9,723
9,900
22,166 21,277
21,613
21,089 22,551
22,132
211.4
152.8
14.6
43.9
237.7
166.3
16.8
54.6
267.8
187. 1
19.5
61.1
297.7
208. 1
22. 1
67.5
327.6
225.7
24.7
77.3
1
2
3
4
5 Total expenditures, HIA basis 105,094 102,529 106,978 111,291 111,243 110,682
6
Purch. of goods and services 100,731
98,199 102,707 107,017 106,762 106,128
7
Het interest and transfers
4,271
4,274
4,363
4,330
4,481
4,554
204.6
193.1
11.5
232.2
217.2
15.0
251.2
232.9
18.3
269.7
250.4
19.3
297.3
278.3
19.0
5
6
7
8 Het surplus, HIA basis
9 - Retireaent credit to HH
10 = Gross saving
13,744
10,324
3,420
12,673
12,012
661
14,645
11,486
3,159
3,778
6,975
-3,197
20,317
1 1,714
8,603
17,643
12,241
5,402
6.8
9.7
-2.9
5.5
11.3
-5.8
16.6
12.9
3.7
28.0
15.9
12.1
30.3 8
20.7 9
9.6 10
11 Het financial investaent
12
Het acg. of financial assets
13
Deaand dep. and currency
14
Tiae deposits
15
Security RP’s
-92
14,248
794
608
-709
-4,889
-102
-2,374
1,030
1,806
926
21,021
2,065
-3,623
-14
1,981
9,460
-2,187
-1,382
707
4,426
16,691
512
508
522
-359
1,103
-1,896
727
2,079
-7.8
9.5
-.5
5.7
3.6
-12.7
2.4
.8
-2.0
1.0
-4.6
11. 1
-.9
2. 1
-
6.9
23.0
.8
7.0
1.0
2.2
23. 1
-1.0
8. 1
2.0
11
12
13
14
15
12,112
10,442
9,395
1,047
244
1,426
2,042
4
-1,275
1,279
568
1,470
25,371
24,171
23,036
1,135
-237
1,437
9,821
8,365
7,527
838
6
1,450
12,880
11,467
10,313
1, 154
-87
1,500
2,005
625
-450
1,075
180
1,200
.1
-2.9
-5.5
2.5
.5
2.5
1.9
-2. 1
-1.7
-.4
2.4
1.6
7.7
4. 1
2.2
1.9
2.4
1.3
12.4
11.3
9.6
1.7
.6
.6
13.2
11.3
5.7
5.6
-.7
2.5
16
17
18
19
20
21
1,443
-2,606
-2.778
2,501
2,269
-1,812
.7
.6
2.2
1.8
14,340
14,118
14,018
803
13,215
100
4,787
4,561
4,319
-5,149
9,468
242
20,095
19,869
19,552
912
18,640
317
7,479
7,248
6,895
-933
7,828
353
12,265
12,033
11,836
-1,368
13,204
197
1,462
1,226
1,176
-1,366
2,542
50
17.3
15.5
14.8
2.7
12. 1
.7
15.0
13.7
13.5
-.3
13.8
.2
15.7
15.2
13.2
-4. 1
17.2
2.0
16. 1
15.4
15.2
-2.9
18. 1
.2
29
Trade debt
222
226
226
30 Discrepancy
2,233
3,512
5,550
(1) Eaployee retireaent funds are in insarance sector.
231
-5,178
232
4,177
236
5,761
1.8
4.9
1.3
6.8
.5
8.3
.7
5.3
16
17
18
19
20
21
Credit aarket instrunents
U.S. Govt, securities
Treasary issues
Agency issues
State+local obligations
Mortgages
22
Taxes receivable
23
24
25
26
27
28
Het increase in liabilities
Credit aarket borrowing
State+local obligations
Short-tera
Other
D.S. Governaent loans
.8 22
20.9
19. 1
20.7
.6
20. 1
-1.6
23
24
25
26
27
28
1.7 29
7.4 30
Foreign Sector
1 Het D.S. export receipts
2
O.S. export receipts
3 - D.S. iaport payaents
-336
78,531
78,867
1,132
78,282
77,150
-7,905 -16,089
84,494 85,508
92,399 101,597
6.7
138.4
131.7
19.9
146.9
127.0
7.7
163.2
155.4
-8.8
176.3
185. 1
-10.3
206.9
217.3
1
2
3
4 - Transfers to foreign
5 - O.S. Govt, interest paid
6 = O.S.current a/c net receipts
+ Het corporate earnings
7
retained abroad
8 = Fgn. current acct. balance
(O.S. balance, sign reversed)
2,204
4,692
-7,232
1,775
1,773
2,816
1,446
1,513
4,360
4,430
4,675
4,515
4,409
-4,790 -10,961 -13,503 -15,236 -22,210
4.2
4.3
-1.8
4.0
4.5
11.4
4. 1
4.5
-.9
4. 1
5.5
-18.5
4.5
8.7
-23.6
4
5
6
2,850
4,382
2,469
2,321
3,361
7,600
2,028
11,475
2,078
13,158
1,871
20,339
6.7
-4.9
6.9
-18.3
6.0
-5.1
4.8
13.6
9.2
14.3
7
8
9 Het financial investaent
10
Het acg. of financial assets
11
Gold and SDR's (1)
12
O.S. deaand deposits
13
O.S. tiae deposits
14
Het interbank claias
-9,468
4,651
-297
599
1,438
-7,244
-5,473
1,329
-88
480
-61
-8,546
10,558
17,250
-296
808
381
6,626
11.107
16,428
-206
-802
-1,805
8,273
18,181
34,283
554
1,119
1,999
13,968
14,117
15,514
-239
115
-759
4,826
-2.5
26.6
-.2
2.8
7.7
*
-24.0
5.5
*
-.3
1.5
-9.8
-14.7
25.6
-. 1
3.2
-1.9
-5.7
16.5
40.8
-.2
2.4
-.4
-.7
2.8
58.9
1.2
-.2
1. 1
5.7
9
10
11
12
13
14
1,598
3,874
2,990
1,230
-346
2,693
5,143
6,704
734
-2,295
1,267
6,508
3,881
2,044
583
968
2,947
211
985
1,751
482
13,211
5,919
1,978
5,314
555
6,534
1,209
4,053
1,272
.5
11.2
3.7
.9
6.6
4.7
6. 1
8. 1
.6
-2.6
2.8
15.2
11.6
.9
2.7
2-7
39.6
31.5
3.8
4.4
2. 4
38.0
28.2
1.9
7.9
15
16
17
18
19
635
-2,257
56
1,701
590
600
*
1.8
.1
1.6
3.4
1.7
-4,826
79,871
84,697
-7,300
81, 106
88,406
15
16
17
18
19
O.S. corporate eguities
Credit aarket iastruaents
O.S. Govt, securities
o.S. corporate bonds (2)
Open-narket paper
20
21
Security credit
Trade credit
22
23
24
25
26
Miscellaneous assets
Dir. investaent in O.S.
Eguity, etc.
Retained earnings
Other
4,048
2,780
2,941
-161
1,268
3,965
2,054
2,007
47
1,911
1,900
2,230
1,841
389
-330
5,352
3,165
2,532
633
2,187
2,360
2,065
1,419
646
295
3,882
2,000
1,400
600
1,882
2.7
4.8
3.7
1.1
-2.0
1.7
2.6
1.4
1.2
-.9
8.8
4.3
2.7
1.7
4.4
-4.3
3.7
2. 1
1.6
-8. 1
27
Met increase in liabilities
O.S. off. fgn. exchange
* net IMF position
O.S. private deposits
14,119
6,802
6,692
5,321
16,102
1,397
29.2
29.5
40.4
24.3
56.0 27
1,653
461
522
-2,266
-536
1,223
-854
333
1,377
3,352
772
2,376
1.3
-.2
.8
.8
2.5
1.7
.1
1.3
.5 28
2.4 29
1,320
6,345
2,207
1,002
2,221
806
1,837
5,512
1,385
807
3,585
736
220
6,348
692
-355
-7,005
-26
-.2
15.0
2. 1
.2
11.3
6.2
.3
19.3
8.6
.4
13.5
5. 1
-.5 30
33.8 31
4.2 32
28
29
30
31
32
Foreign corporate equities
Credit aarket instrunents
Corp, and foreign bonds
- 20
3.0 21
7.6
7.9
5.3
2.6
-.3
22
23
24
25
26
33
34
35
36
33
34
35
36
Bank
To
To
To
loans n.e.c.
foreign official
foreign banks
other foreign
-764
-519
1,626
-1,871
4,400
1,255
781
2,364
1,433
851
54
528
-559
-266
-530
237
-1,491
958
-1,658
-791
-5,490
-861
-2,016
-2,613
4.0
.3
3. 1
.6
2.0
.3
1.1
.7
5.6
.9
4.2
.5
3.1
. 1
2.7
.3
37
38
Open-narket paper
O.S. Governaent loans
4,346
556
-4,195
1,210
1,911
783
2,268
1,140
5,982
1,165
-2,509
1,020
7.3
1.6
.3
2.8
1.9
3.3
2.4
3.0
6.6 37
3.9 38
»
39
-.3 40
19. 1
2. 1
9.5
7.4
39
40
Security debt
Trade debt
-1,056
-56
-511
209
200
100
3. 1
. 1
.7
.3
.5
41
42
43
44
45
46
47
Hiscellaneous liabilities
U.S.eguity in IBRD, etc.
O.S. Govt, deposits
O.S. dir. inv. abroad (2)
Eguity, etc.
Retained earnings
Other
5,396
374
-94
51
-1,646
1,697
5,065
5,379
52
-93
1,221
-179
1,400
4,199
-833
359
17
2,662
-175
2,837
-3,871
1,241
65
-13
4,831
2,323
2,508
-3,642
4,605
211
3,709
997
2,712
685
5,509
87
17
3,500
1,000
2,500
1,905
10.2
.6
-.6
8.9
1.2
7.8
1.3
15.6
.7
*
14.0
6.0
8.0
.9
16.3
1.1
-. 1
11.6
3.9
7.7
3.7
8.4
.7
*
11.5
5.1
6.4
-3.8
20. 1
.6
. 1
15.7
4.4
11.3
3.6
13,850
7,794
-2,958
368
-5,023
6,222
-2.4
5.7
9.6
-2.9
11.5 48
48 Discrepancy
(1) O.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and O.S. foreign direct investaent is before subtracting reflovs of
FRASER capital froa Netherlands Antilles subsidiaries* foreign financing.
Digitized for
http://fraser.stlouisfed.org/
1/84 BASED OH
Federal Reserve Bank of St. Louis
PRELIMINARY AND INCOMPLETE INFORMATION
41
42
43
44
45
46
47
HIT 22, 1984
State and Local Govts, and s
reign
State and Local Govts, and Foreign
13
Sector Stateaents of Saving and Investnent
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
I 1982 |
1 IT I
1983
I
II
III
IV
1
|
1984
I
State and Local Governaents - General Funds d)
1
2
3
4
352.0
244.0
27.4
80.5
386.1
267.7
29,7
88.7
418. 1
297.6
32.6
87.9
439. 1
320. 1
35.1
83.9
483.5
359.0
37.9
86.5
450.7
329.6
36. 1
85.0
461.7
339.1
36.9
85.8
478.7
354.5
37.5
86.7
492.7
367.2
38.2
87.2
500.7
375.4
38.9
86.4
514.3 Total receipts, NIA basis
384.3
Tax receipts
39.6
Social insurance receipts
90.4
Grants-in-aid received
1
2
3
4
5
6
7
321.5
306.0
15.5
355.5
340.8
14.8
382.7
366.5
16.3
407.8
390.5
17.3
432.0
414.7
17.4
417.8
400.5
17.3
421.3
404.0
17.4
427.0
409.7
17.3
437.1
420.2
17.0
442.7
424.9
17.8
453.4 Total expenditures, NIA basis
435. 1
Purch. of goods and services
Net interest and transfers
18.3
5
6
7
8
9
10
30.4
16.2
14.2
30.6
26.5
4.1
35.3
31.0
4.4
31.3
35.2
-4.0
51.4
42.2
9.2
32.9
41.3
-8.4
40.4
48.0
-7.7
51.7
45.9
5.8
55.5
27.9
27.6
58. 1
46.9
11.2
60.9 Net surplus, NIA basis
49.0 - Betireaent credit to HH
11.9 = Gross saving
8
9
10
11
12
13
14
15
2.3
24.5
-1.5
-1.0
4.0
-4.8
17.5
-.8
-1.7
*
1.3
12.1
-1.6
2.4
2.5
-9. 1
28.1
-2.2
6.0
.1
2.4
47.1
-2.0
-3.5
3.0
-14.4
42.7
-3.7
.2
-2.8
-13.8
17.5
-.7
-4.9
7.2
-1.0
71.0
1.6
-3.2
-. 1
20.7
48.3
-4.1
-5.3
2.8
3.9
51.5
-4.7
-.5
2.1
5.1 Net financial investaent
23.3
Net acg. of financial assets
1.3
Deaand dep. and currency
-6.0
Tiae deposits
Security BP’s
8.3
11
12
13
14
15
16
17
18
19
20
21
21.5
15.6
8.7
6.8
-.5
6.3
19.1
9.0
6.5
2.5
.2
9.9
7.9
.1
-1.3
1.4
.2
7.6
26.8
20.9
17.2
3.7
1.0
4.9
50.1
44.0
39.6
4.4
.3
5.9
51.8
45. 1
40.9
4.2
1.0
5.7
17.2
9.0
3.9
5.1
2.3
5.9
74.7
69.9
65.3
4.5
-.9
5.7
54.3
48.4
45.1
3.4
V
5.8
54.3
48.7
44. 1
4.6
-.3
6.0
17.6
12.1
7.8
4.3
.7
4.8
22
1.5
1.1
.9
-2.7
-.6
-2.7
-1.4
-2.0
.6
.3
2. 1
23
24
25
26
27
28
22.2
20.5
20.3
1.0
19.4
.2
22.3
20.3
19.4
1.7
17.7
.9
10.8
9.7
8.4
.9
7.5
1.2
37.2
36.3
35.4
5.6
29.8
.9
44.6
43.7
42.6
-6.5
49.1
1.1
57.1
56.2
55.8
7.2
48.6
.4
31.3
30.4
29.4
-16.1
45.5
1.0
72.0
71. 1
69.8
-1.5
71.3
1.3
27.6
26.7
25.3
-7.5
32.8
1.4
47.6
46.7
45.9
-1.1
47.0
.8
18.2
17.3
17. 1
-1. 1
18.2
.2
29
30
1.6
11.9
2.0
8.8
1. 1
3.0
.9
5.1
.9
6.8
.9
6.1
.9
6. 1
.9
6.8
Credit aarket instruaents
O.S. Govt, securities
Treasury issues
Agency issues
State+local obligations
Bortgages
16
17
18
19
20
21
Taxes receivable
22
Net increase in liabilities
Credit aarket borrowing
State+local obligations
Short-tera
Other
O.S. Governaent loans
23
24
25
26
27
28
.9
.9
.9
Trade debt
6.9
7.3
6.8 Discrepancy
(1) Eaployee retireaent funds are in insurance sector.
29
30
Foreign Sector
1
2
3
-2.3
261.9
264.2
12.2
320.9
308.7
17.0
355.7
338.7
9.8
340.2
330.4
-18.9
323.8
342.7
-4.9
311.8
316.7
7.6
317.4
309.8
-19.8
314.3
334,0
-30.2
326.6
356.8
-33.2
336.8
370.0
-61.6 Net 0.5. export receipts
O.S. export receipts
346.4
408.0 - O.S. iaport paynents
1
2
3
4
5
6
5.1
11.1
-18.4
6.3
12.5
-6.6
6.6
16.8
-6.4
7.5
18.2
-15.8
7.9
17.7
-44.5
8.7
18.8
-32.3
6.1
17.6
-16.1
7. 1
17.4
-44.3
7-2
17.7
-55.1
11.2
18. 1
-62.5
4
5
6
7
8
15.5
2.9
11.7
-5.1
9.3
-2.9
7.6
8.3
9.9
34.6
10.5
21.9
9.4
6.7
11.3
33.0
12.0
43.2
7. 1
55.3
5.8 - Transfers to foreign
18.7 - O.S. Govt, interest paid
-86.1 = O.S.current a/c net receipts
♦ Net corporate earnings
retained abroad
7.0
79.1 = Fgn. current acct. balance
(O.S. balance, sign reversed)
9
10
11
12
13
14
-24.5
31.7
-.1
4.2
1.2
22.3
-30.0
26.6
1.1
*
1.2
-23.2
-28.8
32.7
-.7
-3.8
2.3
-7.0
-30.2
1.5
-1.4
-3.7
5.8
-30. 1
34.4
69.3
•
1.6
.5
20.3
-39.7
25.3
-1.2
-.4
4.5
4.4
-15.9
7.6
-.4
10.0
1.0
-48.8
44.3
58.7
-1.2
-5.9
-1.3
8.9
40.5
67.4
-.8
-.5
-4.5
30.7
68.6
143.6
2.2
2.9
6.9
90.5
15
16
17
18
19
1.7
-4.6
-14.1
2.6
6.9
5.4
23.2
10.6
8.2
4.4
5.8
16.0
7.0
8. 1
.8
4.0
17.6
8.0
10. 1
-.5
5.4
27.8
16.7
5.7
5.4
6.5
-5.0
-7.6
4.9
-2.3
10.3
32.2
34. 1
2.9
-4.8
2.8
47.6
36.3
8.2
3. 1
6.5
.9
-5.7
3.9
2.6
2.0
30.6
2.2
7.9
20.5
1.8
38.8
13. 1
16.2
9.5
20
21
.2
3.6
.3
-.8
.1
2.5
-9.0
.2
6.8
2.4
2.4
22
23
24
25
26
6.8
11.9
7.9
4.0
-5.1
15.2
13.7
7.5
6.2
1.5
19.9
22.0
18.2
3.8
-2.1
10.2
10.4
10.6
-.2
-.2
13.6
9.5
7.8
1.7
4.1
13.9
11. 1
11.8
-.6
2.8
12.3
8.2
8.0
.2
4.0
7.5
8.9
7.4
1.6
-1,4
28.4
12.7
10-1
2.5
15.7
6.2
8.3
5.7
2.6
-2. 1
27
56.2
56.5
61.5
31.7
34.9
65.0
23.5
14.3
26.9
28
29
♦
6.1
8.1
2.8
3.3
12.6
3.6
2.5
.5
2.6
6.6
1.8
2.1
-9.1
-2. 1
4.9
30
31
32
.8
20.2
3.9
2.1
27.2
.8
♦
27.2
5.4
1.3
15.7
6.6
3.9
17.7
3.6
5.3
25. 3
8.8
4.0
15.6
3.2
33
34
35
36
2.3
2.1
-4.1
4.2
11.5
4.5
4.7
2.3
3.7
.8
-4.5
7.3
-6.2
*
.7
-6.8
3.8
2.8
-1.4
2.3
-3. 1
-2. 1
8.3
-9.4
37
38
11.2
2.9
10. 1
4.7
13.9
4.2
10-7
4.5
6.0
4.3
39
40
1.5
1.7
.2
-3. 1
41
42
43
44
45
46
47
27.6
.8
26.6
7.6
19.0
.2
14.6
.7
-.3
21.9
4.9
17.0
-7.8
18.2
1. 1
-.2
12.8
-.7
13.5
4.6
48
27.5
24.8
25.9
«
http://fraser.stlouisfed.org/
DOLLABS.
OF Louis
Federal Reserve BILLIONS
Bank of St.
7
8
64.5 Net financial investaent
64.5
Net acg. of financial assets
Gold and SDB's (1)
-1.0
O.S. deaand deposits
8.2
-1.7
O.S. tiae deposits
Net interbank claias
5.2
9
10
11
12
13
14
O.S. corporate egaities
Credit aarket instruaents
O.S. Govt, securities
O.S. corporate bonds (2)
Open-aarket paper
15
16
17
18
19
Security credit
Trade credit
20
21
10.8
8.0
5.6
2.4
2,8
Hiscellaneous assets
Dir. investaent in O.S.
Eguity, etc.
Betained earnings
Other
22
23
24
25
26
75.0
♦
-3.4
1.3
5.5
13.4
3.1
9.5
Net increase in liabilities
O.S. off. fgn. exchange
♦ net IHF position
O.S. private deposits
28
29
7.3
21.2
5.5
3.2
8.0
2.9
.9
25.9
2.8
-1.4
-21-8
-.1
24.3
5.0
8.1
11.1
4.9
3.4
-3.7
5.2
-8.6
-1.1
-6.2
-1.3
-5.5
3.8
-3.7
-5.6
-15.7
-3.4
-4.0
-8.3
Bank
To
To
To
loans n.e.c.
foreign official
foreign banks
other foreign
33
34
35
36
17.4
2.2
-16.8
4.8
7.6
3.1
9.1
4.6
23.9
4.7
-10.0
4. 1
Open-aarket paper
O.S. Governaent loans
37
38
•
-.2
-4.2
-.2
-2.0
.8
.8
.4
11.7
1.3
-. 1
5.9
.6
5.3
4.5
10.4
.7
-. 1
12.4
3.0
9.5
-2.6
30. 1
1.5
-.4
.5
-6.3
6.8
28.5
11.1
.2
-.4
4.1
-1.5
5.6
7.2
-14.9
1.4
.1
9.5
-1.9
11.3
-25.9
16.9
.3
-.1
21-1
11-1
10.0
-4.5
28.5
.8
15.0
4. 1
10.8
12.7
10.2
.3
.1
13.8
3.8
10.0
-4.0
38.5
.2
61.6
22.7
-11.4
2.7
-13.3
Foreign corporate eguities 30
Credit aarket instrunents 31
Corp, and foreign bonds 32
Security debt
Trade debt
Hiscellaneous liabilities
O.S.eguity in IBBD, etc.
O.S. Govt, deposits
O.S. dir. inv. abroad(2)
Eguity, etc.
Retained earnings
Other
14.6 Discrepancy
(1) O.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and O.S. foreign direct investaent is before subtracting reflovs of
capital froa Netherlands Antilles subsidiaries* foreign financing.
1/84 BASED ON INCOHPLBTE INFOBHATION.
27
39
40
41
42
43
44
45
46
47
48
MAY 22, 1984
O.S. Governaent and Credit Agencies
O.S. Government and Credit Agencies
Sector Statements of Saving and Investment
14
UNADJUSTED MET FLOHS (J BILL)
UBADJUSTED BET FLOWS (I BILL)
1983
1982 |
IV
|
II
I
IV
III
|
|
1984
I
1974
BILLIOBS OF DOLLABS
1975
1976
1977
1978
O.S. Government
1 Total receipts, NIA fcasis
2
Personal tares
3
Corp, profits tar accruals
4
Indirect taxes
5
Social insurance receipts
141,568 149,043 181,276 161,563 152,771 165,587
88,192 75,232 68,550
65,290
70,476 63,969
16,544
17,599
15,332
16,935
10,568
11,530
14,467
14,215
13,599
13,899
11,974
12,270
48,550 61,274 63,537 55,797 53,778 68,231
287.8
131.3
45.1
21.7
89.8
287.3
125.8
43.6
23.9
94. 1
331.8
147.3
54.6
23.4
106.5
375.2
170. 1
61.6
25.0
118.5
431.6
194.9
71.3
28. 1
137.2
1
2
3
4
5
6 Total expenditures, NIA fcasis
7
Goods and services
8
Transfers, etc.
Bet interest
9
204,266 203,256 204,693 208,207 210,130 215,668
68,744
69,515 68,897 66,997 71,386 67,561
112,643 112,082 114,231 112,101 116,566 119,809
24,720 26,003 27,115
22,108 22,277 23,465
299.3
111.0
167.7
20.7
356.6
122.7
210.8
23. 1
384.8
129.2
228.9
26.8
421. 1
143.4
248.5
29. 1
461.0
153.6
272.3
35.2
6
7
8
9
-62,698 -54,213 -23,417 -46,644 -57,359 -50,081
2,3-,
12,582
2,150 -2,139
697 -2,942
-63,395 -51,271 -25,746 -59,226 -59,509 -47,942
4,598
1,787
717
1,605
3,423
683
-59,972 -50,588 -21,150 -57,439 -58,792 -46,337
-11.5
2.9
-14.4
6.5
-7.9
-69.3
3.8
-73. 1
1.3
-71.8
-53.1
4.7
-57.8
4.0
-53.8
-45.9
6.6
-52.5
2.5
-50.1
-29.5
7.2
-36.7
2.0
-34.7
10
11
12
13
14
-60,961 -49,172 -31,245 -52,463 -61,303 -44,379
15 Net financial investaent
18,387
9,904 -21,769
10,892
4,977
Net acg. of financial assets -2,542
16
1,404
431
-42
685
873
1,301
17
Gold, SDB*s » fgn. exch.
12,509
2,060
8,583 -25,317
Demand deposits ♦ currency -9,709 -3,844
18
141
-177
-201
35
-108
17
Time deposits
19
-7.2
7.0
1.4
-4.6
*
-74.4
16.4
.7
2.7
. 1
-58.6
21.3
2-5
3.8
.2
-55.8
8.6
.4
-.5
. 1
-38.6
24.8
-2.3
3.7
. 1
15
16
17
18
19
•17. 1
4.2
12.8
20
21
22
23
10
11
12
13
14
Bet surplus, NIA fcasis
- Insurance credits to hh
= Gross saving
* Mineral rights sales (1)
= Nonfinancial surplus
20
21
22
23
Credit aarket instruments
Fed. agency securities
Mortgages
Other loans
2,999
812
2,187
1,107
-1,029
2,136
4,222
1,389
2,833
2,504
362
2,142
1,881
498
1,383
1,966
190
1,776
9.4
♦
3.8
5.7
13.4
6.5
6-9
7.9
.4
7.5
10.0
4.2
5.8
24
25
26
Taxes receivable
Trade credit
Miscellaneous
-130
2,576
280
2,838
3,690
-41
-2,564
3,614
376
3,460
-4,688
52
1,544
-853
211
5,045
1,015
104
-.2
1.0
*
-2.3
1-2
.7
5.6
-5
1.0
-1.4
-.8
.7
2.8 24
2.7 25
.8 26
58,419
495
54,149
112
49,632
133
62,367
137
39,534
86
55,271
174
14.3
.4
90.9
.9
80.0
1.2
64.4
.3
63.5 27
.5 28
53.7
3.9
51.2
-1.4
27
28
Net increase in liabilities
Treasury curr. * SDB ctfs.
29
30
31
32
Credit aarket instruments
Savings bonds
Other Treasury issues
Agency issues and atgs.
61,965
757
61,331
-123
55,641
475
55,145
21
46,876
876
46,075
-75
47,860
868
47,030
-38
36,180
920
35,289
-29
49,427
764
48,737
-74
11.8
3.0
9.0
-.2
85.4
4.0
81.8
-.4
69.0
4.7
64.5
-. 1
56.8
4.7
52.9
-.9
33
34
35
Life ♦ retirenent reserves
Trade debt
Hiscellaneous
697
428
-5,166
-2,942
-415
1,753
2,331
987
-695
12,582
1,271
517
2,150
680
438
-2,139
400
7,409
2.9
-.8
•
3.8
1.4
-.7
4.7
4.1
.9
6.6
1.6
-.9
989
-1,416
10,095
-4,976
2,511
-1,958
-.7
2.7
4.8
5.8
3.9 36
10,698
8,692
17,896
13,475
15,000
12,554
45.3
45.9
49.0
63.0
68.5 37
36 Discrepancy
37 Memo; Corp, tax receipts, net
29
30
31
32
7.2 33
2.3 34
-.3 35
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
571
417
515
372
406
331
.6
.6
.6
.7
1.0
1
2 Net acg. of financial assets
3
Demand deposits and currency
4
Fed. funds ♦ security RP*s
341
133
-806
-2,793
-61
713
861
-143
-1,345
1,344
267
-619
2,627
142
-1,035
3,938
-201
997
18.2
*
-1.0
5.2
•
-< 3
4.4
♦
.3
7.7
. 1
.2
28.6
♦
1.4
2
3
4
5
6
7
8
Credit aarket instruments
O.S. Government securities
Cpen-market paper
Student loans (SLHA)
476
150
158
394
-4,031
-333
254
-22
1,934
96
-354
555
1,922
654
216
654
2,600
-1,685
263
266
2,882
-533
-129
190
20.8
.4
.9
4.5
1.5
. 1
-
4.7
1. 5
*
-
6. 4
-3.8
.2
.1
26.7
.6
-1.2
.4
5
6
7
8
9
10
11
Housing credit
Besidential aortgages
FHLB loans to s*l assns.
985
2,626
-1,641
-4,072
1,913
-5,985
1,136
2,359
-1,223
173
1,104
-931
4,942
3,851
1,091
2,750
4,095
-1,345
14.3
7.7
6.7
-1.2
2.8
-4.0
-1.6
.4
-2.0
4.9
.5
4.3
-1,211
328
471
-2,010
538
142
203
929
-990
586
501
343
-712
870
415
225
233
12
-20
-226
- 1,186
-9
623
-1,800
920
604
-23
977
-350
260
5.2
2.5
1.0
1.7
-1.6
4. 1
2.6
.4
1- 1
1.0
4.8
2.5
1.0
1-3
-.5
5.0
2.9
.6
1.4
1.0
5.4
3.2
.7
1.5
.5
12
13
14
15
16
395
-1,729
-1,729
2, 124
-3,122
-3,180
-3,180
58
568
476
476
92
977
911
911
66
2,673
3,200
3,200
-527
3,654
4,476
4,476
-822
17.7
17.3
16.6
.7
.4
4.9
3.2
2.3
.9
1.7
4. 1
2.1
2.5
-.4
2.0
7.3
5.9
7.0
-1. 1
1.4
23. 1
23.5
23. 1
.4
4.6
17
18
19
20
21
625
88
222
5
452
47
.1
.3
.3
.4
23 Net acg. of aortgages
Hoae mortgages
24
Multi-family aortgages
25
Farn mortgages
26
18,288
18,221
69
-2
18,698
17,962
499
237
16,044
16,186
110
-252
18,377
18,058
338
-19
13,217
12,975
24 1
1
11,222
10,927
297
-2
3.4
3.3
.2
•
7. 1
7.3
.4
-.6
12.2
11.9
.5
-.2
16.1
15.7
.9
-. 5
13.6
12.4
1.5
-.3
27 Net rncr. in pool securities
18,288
18,698
16,044
18,377
13,217
1 1,222
3.4
7. 1
12.2
16. 1
13.6 27
Memo: Totals for agencies and pools
19,275
Housing credit
-1,213
Loans to agriculture
14,389
379
17,432
249
18,569
206
18,158
-1,185
13,974
602
17.8
5. 1
6.5
3.5
10.8
4.6
21.5
4.5
35. 4 28
5. 1 29
16,559
15,518
16,520
19,288
16,417
15,698
20.0
9.4
14.6
23. 1
36.7 3C
1 Current surplus
12
13
14
15
16
Loans to agriculture
Farn mortgages
Loans to coops (BC)
Loans to faraers (FICB)
Miscellaneous assets
17 Net increase in liabilities
Credit narket instruaents
18
19
Sponsored agency issues
20
U.S. Governnent loans
Miscellaneous liabilities
21
22 Discrepancy
Federally related mortgage pools
28
29
30 Net security issues
.5 22
(1)
Excludes
(1) GNHA, FNMA, FHLHC, and Farmers Hoae Administration pools.
Federal Financing Bank holdings of pool securities4, which iare in
O.S. Government mortgages and other loans directly.
1/84 BASED OM PBELIHI1ABT ABD INCOMPLETE INFORHATION
21.5 9
9.0 10
12.5 11
23
24
25
26
HIT 22, 1984
O.S. Governaent and Credit Agencies
O.S. Governaent and Credit Agencies
15
Sector Statenents of Saving and Investaent
SEASOHALLI ADJUSTED AHHOAL BATES
SEASOHALLI ADJUSTED AHHOAL BATES
1979
1980
1981
1982
1983
| 1982 1
1 II 1
|
|
1983
I
II
III
II
1984
I
O.S. Governaent
3
4
5
493.6
230.6
74.2
29.4
159.5
54 0.9
257.7
70.3
39.0
173.9
627.0
298.6
67.5
56.4
204.5
617.4
304.7
46.5
48.3
217.9
644.7
295.9
60.3
54.0
234.4
612.6
303.0
42. 1
48.3
219.3
623.3
297.7
48.6
48.6
228.5
652.6
304.2
59.8
56.0
232.6
645.2
286.9
66.6
55.5
236.2
657.5
295.0
66.4
55.8
240.3
687.4 Total receipts, HIA basis
302.5
Personal taxes
Corp, profits tax accraals
72.0
Indirect taxes
56.0
Social insurance receipts
256.9
1
2
3
4
5
6
7
8
9
509.7
168.3
299.0
42.4
602.1
197.0
351.7
53.4
689.2
229.2
366.8
73.2
764.4
258.7
420.8
84.9
826.3
274.8
455.0
96.5
820.9
279.2
452.5
89. 1
806.6
273.5
444.7
88.4
818.7
273.7
453. 1
91.8
832.5
278.1
453.4
101.0
847.3
274. 1
468.6
104.6
858.5 Total expenditures, HIA basis
Goods and services
272.4
Transfers, etc.
478.1
Het interest
108.0
6
7
8
9
10
11
12
13
14
-16.1
8.2
-24.3
4.7
-19.5
-61.2
8.8
-7 0.0
5.0
-65.0
-62.2
10.0
-72.3
4.8
-67.4
-147.1
11.9
-159.0
7.8
-151.2
-181.6
14.1
-195.8
7.8
-188.0
-208.2
11.0
-219.3
13.7
-205.6
-183.3
8.3
-191.7
2.7
-188.9
-166. 1
14.2
-180.2
18.4
-161.9
-187.3
16.4
-203.7
7.1
-196.5
-189.8
17.6
-207.4
2.9
-204.6
-171.1
12.7
-183.8
6.4
-177.4
15
16
17
18
19
-25.5
21.4
-.6
.2
.1
-64.6
24.1
4.4
-3.2
-.2
-77.7
23. 1
4.0
*
-.1
-155.4
21.3
4.4
6.5
.5
-194.2
11.5
2.7
-8.1
-.5
-208.7
10. 1
5.2
-10.7
.6
-195.4
10.8
5.6
-13.4
-.7
-172.5
113.7
1.7
58.7
-.8
-204.5
-12.8
-.2
-4.9
.1
-204.4
-65.7
3.5
-72.6
-.4
-180.5 Het financial investaent
30.6
Het acg. of financial assets
Gold, SDB’s ♦ fgn. exch.
2.7
Deaand deposits ♦ currency
7.4
.1
Tiae deposits
20
21
22
23
19.0
6.6
12.4
23.7
7.5
16.2
24.1
4.9
19.1
16.7
2.4
14.3
9.7
1.2
8.5
15.7
3.7
12.0
3.0
-4.3
7.3
13.4
5.4
7.9
11.2
1.3
9.8
11.3
2.4
8.9
6.0
.5
5.5
Credit aarket instrnaents
Ped. agency securities
Hortgages
Other loaas
20
21
22
23
24
25
26
-.5
2.4
.8
-4.8
3.8
.5
-8.2
2.5
.8
-12.8
4.8
1.2
5.3
1.8
.6
-12. 1
10.3
1. 1
1.7
14.8
-.2
24.7
14.5
1.5
-.4
-18.8
.2
-4.9
-3.4
.8
9.9
4. 1
.4
Taxes receivable
Trade credit
fliscellaaeous
24
25
26
27
28
46.9
1.6
88.8
1-3
100.7
1.2
176.7
1.7
205.7
.5
218.8
2.0
206.2
.4
286.2
.5
191.7
.5
138.7
.3
211. 1
.7
29
30
31
32
37.4
-.8
39.6
-1.4
79.2
-7.3
87.1
-.6
87.4
-4.3
92.2
-.5
161.3
.2
162.0
-.9
186.6
3. 1
183.5
-.1
224.4
.7
224.2
-.5
192.9
4.7
188.2
.1
269.7
3.9
266. 1
-.3
167.8
2.9
165.0
-.2
115.8
1. 1
114.8
-.1
167.4
6.0
161.7
-.3
33
34
35
8.2
1.1
-1.3
8.8
1.4
-1.9
10.0
1.0
1.0
11.9
1.7
.2
14.1
2.5
2.0
11.0
2.0
-20.7
8.3
-2.6
7.0
14.2
4.5
-2.8
16.4
4.9
2.1
17.6
3.2
1.8
12.7
.6
29.6
1
2
36
6.0
-.4
10.3
4.2
6.2
3.2
6.5
10.7
7.9
-.2
37
74.7
75.1
75.7
59.2
55.1
54.2
46.9
35.1
67.0
71.3
Het surplus, HIA basis
- Insurance credits to hh
= Gross saving
♦ Hineral rights sales (1)
= Bonfinancial surplus
10
11
12
13
14
15
16
17
18
19
Ret increase in liabilities 27
Treasury curr. ♦ SDB ctfs. 28
Credit aarket instrnaents
Savings bonds
Other Treasary issues
Agency issues and atgs.
29
30
31
32
Life ♦ retireaent reserves 33
Trade debt
34
Hiscellaaeous
35
3.1 Discrepancy
62.1 Heao: Corp, tax receipts, net
36
37
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Hortgage Pools
Sponsored credit agencies
1
1.2
1.4
1.5
1.9
1.7
2.3
1.7
2.1
1.5
1.6
2.0
.2
-2.3
8.3
-.2
-3.2
4.4
.3
2.9
-2.8
-.5
-5.4
-13.1
1.2
-2.5
19.6
-.2
-4.1
34.1 Het acg. of financial assets
Deaand deposits and currency
-.2
Ped. funds * security BP's
4.0
2
3
4
Credit aarket instrnaents
O.S. Governaent securities
Open-aarket paper
Student loans (SLHA)
5
6
7
8
1.3 Current surplus
1
2
3
4
31.1
.2
.6
29.5
♦
1.8
37.6
.2
3.5
22.4
-.2
5.4
5
6
7
8
30.0
.2
.1
.6
26.4
.7
♦
1. 1
33.2
.4
.3
2.2
15.8
1.4
-.3
1.6
2.4
-1.3
.4
1.5
11.4
4.5
.6
1.6
-2.2
2.3
1.0
-.1
-.5
1.2
-1.4
2.2
-10.1
-6.7
.9
2.6
22.4
-1.9
1. 1
1. 1
28.0
2.9
-.5
.8
9
10
11
18.5
9.4
9.2
14.9
7.8
7.1
21.2
4.9
16.2
11.0
10.2
.8
2.2
9.2
-7.0
4.2
10.2
-6.0
-4.5
9.9
-14.4
-.5
10.9
-11.4
-7.3
1.2
-8.4
21.0
15.0
6.0
23.9
19.4
4.5
12
13
14
15
16
10.5
5.0
2.1
3.3
.4
9.6
6.3
1.5
1-9
1.3
9-1
7.6
-.3
1.8
.8
2.0
3.6
-.8
-.8
1.4
-.3
.8
-9
-1.9
1.7
.6
2.4
-.3
-1.5
.2
-.9
.2
2.1
-3.2
3.4
-2.0
.3
.4
-2.7
3.6
.4
1.5
.8
-1.9
-1.7
1.3
1. 1
.1
.1
1.5
1.0
-.7
2.2
-.5
2.3
17
18
19
20
21
30.6
24.8
24.3
.6
5.7
29.2
25.6
24.4
1.2
3.6
37. 1
32.4
30.5
1.9
4.7
21.3
15.3
14.9
.4
5.9
1.1
1.4
1-4
-.3
7.5
*
*
7.5
3.0
1.0
1.0
2.0
-3.0
-5.9
-5.9
2.9
-14.4
-11.2
-11.2
-3.2
18.8
21.7
21.7
-2.9
22
.6
1. 1
1.0
.8
.8
1.5
.2
1.9
.2
.8
23
24
25
26
23.1
21.8
1.2
,1
19.2
18.7
.7
-.2
15.0
14. 1
1. 1
-. 1
49.5
49.3
.4
-.2
66.3
65.2
1.2
*
70.8
70.6
.3
*
74.6
71.7
2.0
.9
66.2
66.7
.4
-1.0
74.3
73.0
1.4
-.1
50.2
49.3
1.0
44.6 Het acg. of aortgages
43.4
Hone aortgages
1.2
Hulti-faaily aortgages
*
Fara aortgages
23
24
25
26
27
23.1
19.2
15-0
49.5
66.3
70.8
74.6
66.2
74.3
50.2
44.6 Het incr. in pool securities
27
28
29
41.5
10.6
34.3
9.4
36.3
9.0
60.7
1.8
68.5
-.4
75.0
.6
69.2
*
66.7
-3.0
67. 1
.3
71.2
1.3
Heao: Totals for agencies and pools
68.5
Housing credit
1.0
Loans to agriculture
28
29
30
47.3
43.6
45.5
64.5
67.7
70.9
75.6
60.3
63.1
72.0
9
Bousing credit
Besidential aortgages
10
PHLB loans to s*l assns. 11
Loans to agriculture
Para aortgages
Loans to coops (BC)
Loans to faraers (PICB)
Hiscellaneous assets
32.8 Het increase in liabilities
Credit aarket instrnaents
34.3
Sponsored agency issues
34.3
O.S. Governaent loans
-1.5
Hiscellaneous liabilities
* Discrepancy
12
13
14
15
16
17
18
19
20
21
22
Federally related nortgage pools (1)
«
78.9 Met security issues
(1) GHHA, PHHA, FHLHC, and Parsers Hoae Adainrstration pools. Excludes
Federal Financing Bank holdings of pool securities, ahich are in
D.S. Governaent aortgages and other loans directly.
BILLIOHS OF DOLLABS.
1/84 BASED OH IBCOHPLETB IHFOBHATIOH
30
MAI 22, 1984
Banking Systea
Banking Systea
16
Sector Stateaents of Saving and Investaent
UHAOJOSTEO NET FLOWS(S MILL)
UNADJUSTED NET FLOWS ($ MILL)
1982 |
IV
1
1983
I
III
II
IV
1984
I
|
|
1974
BILLIONS OF DOLLARS
1975
1976
1977
1978
Monetary Authority
1 Current surplus
2 Net acg. of financial assets
3
Gold and foreign exchange
4
Treasury curr. ♦ SDB ctfs.
5
Federal Beserve float
6
F.B. loans to donestic banks
7
8
9
10
11
12
13
Credit narket instrunents
U.S. Governnent securities
Treasury securities
Agency issues
Acceptances
Bank loaas n.e.c.
Miscellaneous assets
14 Net increase in liabilities
15
Menber bank reserves
16
Vault cash of coni, banks
17
18
19
20
21
Deaand deposits and currency
Due to U.S. Governnent
Due to foreign
Currency outside banks
Miscellaneous liabilities
34
108
107
162
182
220
.1
.2
*
.2
.7
1
7,558
649
400
2,185
-406
-5,604
-794
-2,249
2,091
5,959
-671
534
802
11,713
-606
-1,080
-1,985
-3,312
-50
1,623
-707
-2,289
326
-776
-22
6.5
.1
.5
-1. 1
-1.0
11.2
. 1
1.0
1.7
-. 1
9.8
.1
1.4
-1. 1
-.2
8.6
*
.6
1.2
.2
13.3
1.6
.6
2.7
.9
2
3
4
5
6
5,161
4,494
4,919
-425
667
-431
-4,751
-3,271
-2,661
-610
-1,480
99
5,415
5,212
5,022
190
203
-121
14,852
13,933
13,750
183
919
532
-4,620
-3,916
-3,481
-43 5
-704
442
-1,841
-1,423
-1,128
-295
-418
24
6.2
5.2
2.0
3.2
.9
1.8
8.5
8.4
7.4
1.0
.1
*
9.8
10.0
9.1
.9
-. 1
-.2
7. 1
7.2
5.8
1.4
*
-.6
7.0
7.3
7.7
-.4
-.4
.5
7
8
9
10
11
12
13
7,524
6,171
334
-5,712
-3,070
-1,246
5,852
-5,415
2, 165
11,551
2,693
-3,041
-3,494
749
3,586
-2,509
721
-3,748
6.4
-1.2
1.0
11.0
.2
.6
9.8
-.9
-. 1
8.3
1.7
1.8
468
-5,936
-77
6,481
551
-595
-1,392
152
645
-801
8,966
5,227
-208
3,947
136
1 1,504 -7,554
7,728 -12,901
-26
108
3,668
5,373
-275
395
591
63
48
480
-73
7.0
.4
.2
6.3
-.3
10.6
4.5
*
6.2
-.5
10.5
3.1
.2
7.3
.3
4.9
-3.3
-
12.6 14
4. 4 15
1.5 16
8.3
-. 1
6.3
-3. 1
. 1
9.3
.5
17
18
19
20
21
♦
Coaaercial Banking (1)
1 Current surplus
2 Plant and eguipnent
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 issaes
9
10
State * local obligations
Corporate boads
11
12
13
14
15
16
Total loaas
Mortgages
Consuner credit
Bank loans n.e.c.
Open-narket paper
Security credit
17
Corporate eguities
18
19
Vault cash ♦ aen. bank res.
Miscellaneous assets
20 Ret increase in liabilities
21
Checkable deposits
U.S. Governnent
22
23
Foreign
24
Private doaestic
1,905
3,194
3,456
3,350
3,255
3,675
2,971
3,930
2,322
3,535
3,868
3,826
4.6
5.4
4.3
2.3
4.5
4. 1
5.3
6.7
6.7
9.3
1
2
51,193
503
13,393
501
38,426
543
31,300
567
61,437
595
28,658
625
70.9
-.2
34.5
. 1
71.3
-.2
97.6
.5
144. 1
.3
3
4
43,775
18,564
16,765
1,799
13,208
20,756
18,142
2,614
36,216
15,206
15,236
-30
29,454
5,649
5,922
-273
56,223
4,565
6,202
-1,637
32,670
5,910
2,534
3,376
64.8
.7
-2.9
3.6
31.5
30.0
28.6
1.4
66.5
20.2
18.7
1.5
90. 0
-1. 1
-1.9
.8
126. 2
.5
-6.5
7.0
5
6
7
8
6,164
349
-4,824
1,435
1,257
1,353
1,979
658
5,390
39 1
-1,417
634
5.4
1.0
1.8
1.8
3.0
-.6
9.2
*
18,694
3,400
2,439
9,516
-33
3,372
-4,168
3, 168
-3,985
343
-490
-3,204
18,399
6,846
3,968
5,697
-1,419
3,307
21,171
10,082
9,758
3,224
332
-2,225
45,883
8,579
12,990
19,608
198
4,508
27,540
9,000
6,087
14,419
-425
-1,541
57.7
12.8
3.4
41.5
2.2
-2.2
-2. 1
3-8
3. 1
-12. 1
1. 1
2. 1
43.8
15. 1
12.0
6.4
3.7
6.6
82.0
27.4
22.3
29.9
.3
2.2
4
9
1
-3
-6
3
♦
*
♦
*
* 17
6,505
410
-4,316
4,000
-3,250
4,917
-348
1,627
4,335
284
-3,027
-1,610
-.3
6.5
.8
2.0
-1.0
6. 1
3.5
3.5
5.9 18
11.8 19
50,789
11,156
26,074 -14,596
-3,977 -2,301
676
328
29,375 -12,623
36,859
20,549
7,597
1,016
11,936
59,626
29,111
25,450
-3,835
13,708 -15,960
676 -1 1,315
1,113
1,145
67
-910
-3,601
23,878 -17,140
68.5
-.2
-5. 1
2.6
2.3
32.6
7.6
-1.7
-.3
9.6
69.6
13.4
-. 1
3.0
10.4
92.9
24.5
4.3
2.4
17.8
71,113
17.4
39.9
54.6
28.2
13. 3 25
-9.9
3.5
-15.3
13.6
26.0
9.0
48.6 26
20.0 27
9,197
916
-5,687
13,968
6,496
-798
2,468
4,826
.4
-2. 1
2.5
*
-11.9
1.6
-3.8
-9.8
-7.8
-1.3
-.9
-5.7
-4.6
1.4
-5.4
-.7
10. 1
3.6
.8
5.7
28
29
30
31
181
3,040
1,493
1,547
188
2,267
1,419
848
195
4,237
860
3,377
1.0
4.6
1. 1
3.5
1.0
.8
.5
.3
1.6
6.1
6.9
-.8
.6
2.5
1.3
1.3
1. 1
7.3
.6
6.7
32
33
34
35
-14
6,191
-22
1,198
-14
-2,507
7,859
.1
7.7
-.3
2. 1
3.4
.2
6.7
-2,131
-1,987
-3,148
-3,024
-3,166
-3.2
.1
-1.4
-6. 1
-8.0 38
16,403
32,908
31,682
51,72 1
34,208
67.0
29.5
59.8
87.8
129. 0 39
16,375
-3,421
7,389
28
29
30
31
Net interbank clains
To Federal Beserve
To doaestic banks (2)
To foreign banks
-4,826
1,779
639
-7,244
-7,720
-158
984
-8,546
9,546
1,336
1,584
6,626
8,206
-3,065
2,998
8,273
32
33
34
35
Corporate equity issues
Credit narket debt
Corporate bonds
Cpen-narket paper
160
1,343
643
700
167
1,666
1,235
431
174
1,421
790
631
36
37
Profit taxes payable
Miscellaneous liabilities
-25
-877
-19
2,489
-1,693
40,399
Credit nkt. funds adv.
24,151
(1) Consists of U.S.-chartered coaaercial banks, their doaestic 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."
(2)
Floats and discrepancies in interbank deposits and loans.
1/84 BASED ON PBELIMINABY AND INCOMPLETE INFORHATION
20
21
22
23
24
39.3
-1.9
18,249
Large tiae deposits
-20,579 -47,452 -12,472
Fed. fends and security RP’s
256
5,508 -6,785
39 Meno:
138.7
25.3
6.8
-.3
18.8
11
12
13
14
15
16
20,995
Snail tine and savings dep.
38 Discrepancy
116.4
35. 1
26.2
59.3
-1.3
-2.9
9,967 -1C,528
2,669
12,156
25
26
27
49,263
9.6 9
-.3 10
. 1 36
12.9 37
HAT 22, 1984
Banking Systea
Banking System
Sector Statements of Saving and Investaent
17
SEASONALLI ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
|
1
1983
1982 |
IV
I
1
||
IV
III
II
I
1984
I
Honetary Authority
1
.2
.2
.4
. 1
.6
. 1
.4
.4
.6
.7
2
3
4
5
6
10.9
.7
1.7
.3
.3
7.1
2.6
1.5
-2.3
.4
8.2
*
1.4
-2.7
-.2
11. 1
.6
.6
1.0
-.9
8.8
-2. 1
-1.2
.2
18.5
2.6
1.6
4.4
-.6
-2.4
-3.2
-7.2
7.4
26.7
-2.7
.9
5.3
37.3
-2.4
-1.4
-10.1
-26.7
-.2
3.0
-1.8
10.5 Net acq. of financial assets
Gold and foreign exchange
1.3
Treasury curr. ♦ SDR ctfs.
Federal Reserve float
-2.2
F.R. loans to doaestic banks
-1.2
2
3
4
5
6
7
8
9
10
11
12
13
7.7
7.6
6.9
.7
.1
.2
4.5
4.4
3.9
.6
.1
.5
9.2
9.8
9.6
. 1
-.6
.5
9.8
8.5
8.4
. 1
1.3
*
10.9
12.0
12.6
-.7
-1.1
1.0
12.2
10. 1
11.8
-1.7
2. 1
-1.7
.3
5.6
8.0
-2.4
-5.3
.4
23.6
22. 1
21.3
.8
1.5
-.5
49. 1
46.2
45.5
-7
2.9
2.1
-29.4
-26.0
-24.3
-1.7
-3.4
1.8
12.5
13.7
14.9
-1.2
-1.2
.1
Credit market instruments
O.S. Government securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Hiscellaneous assets
7
8
9
10
11
12
13
14
15
16
10.6
-1.4
3.0
6.9
-2.3
1-3
7.8
-2-2
-1.2
11.0
1.3
.9
8.2
-5.0
1.5
18.4
21.0
-3. 3
-2.8
-20. 1
7.0
26.3
-10. 1
.8
36.7
10.6
-13.2
-27.4
-.5
11.2
9.6 Net increase in liabilities
Hember bank reserves
-6.0
-3. 1
Vault cash of coml. banks
17
18
19
20
21
8.2
.1
.1
7.9
.9
9.0
-1. 1
-.2
10.3
-1. 1
10.9
1.2
. 1
9.5
.3
8.9
.7
-.2
8.4
-. 1
12.3
-1.3
*
13.6
-.5
-2.2
-14.4
-.6
12.7
3.0
14.1
-1.7
.9
14.9
-3.8
35. 1
22.7
-1.0
13.3
.6
37.9
17.7
.5
19.7
1.4
-37.7
-44.0
-.4
6.6
-.3
19.6
3.9
.5
15. 1
-.9
Coaaercial Banking
-
.9 Current surplus
Deaand deposits and currency
Due to U.S. Government
Due to foreign
Currency outside banks
Hiscellaneous liabilities
14
15
16
17
18
19
20
21
d)
12.2 Current surplus
15.3 Plant and equipment
1
2
7.9
10.7
7.6
9.8
7.5
10.7
9.3
12.4
12.0
14.5
8.8
12. 8
10.9
13.4
13.5
14.7
12.8
15.7
10.8
14. 1
3
4
134.6
.7
108.7
.6
134.4
1.0
120.0
1.7
144.6
2.2
158.0
2.0
140.2
2.0
136.7
2.2
105.1
2.3
196.2
2.4
200.8 Net acg. of financial assets
2.5
Deaand deposits and currency
5
6
7
8
122.2
7.9
.4
7.6
101.8
25.6
15.9
9.7
108.8
11.7
1.9
9.8
108.5
27.7
20.4
7.3
135.1
46.2
45.5
.7
127.7
64.0
58.0
6.0
138.2
77.6
64.5
13.1
134.3
69.4
70.2
-.9
95.8
30.4
32.3
-2.0
172. 1
7.4
14.9
-7.6
216.9
16. 1
*
16. 1
9
10
9.5
-.1
13.6
.6
5.0
4.7
1.9
3.8
3.8
18.6
1.4
-12.5
5.7
7.6
5.4
6. 1
2.6
14. 1
1.6
1.3
2.5
11
12
13
14
15
16
104.8
30.6
19.9
53.0
2.2
-.9
62.0
17.8
-6.2
47.8
1.8
.8
92.2
21.5
4.0
60.6
.8
5.3
74.2
16. 1
6.3
51.4
.3
#
81.3
28.7
22.7
28.9
-1.4
2.4
43.6
14.0
6.8
19.8
2. 5
.5
67.4
17.8
3.8
43.0
-1.3
4.0
52.0
23.5
15.2
11.3
-6.7
8.6
56.7
38.6
25.8
1.1
-2.1
-6.7
149. 1
34.8
46. 1
60.0
4.6
3.7
197.0
40.5
45.5
101.6
-2.4
11.8
17
♦
*
-. 1
*
*
*
*
♦
*
♦
»
-9. 1
-9.5
«
1
Total bank credit
U.S. Govt, securities
Treasury issues
Agency issues
1
2
3
4
5
6
7
8
State ♦ local obligations
Corporate bonds
9
10
Total loans
Hortgages
Consumer credit
Bank loans n.e.c.
Open-narket paper
Security credit
11
12
13
14
15
16
Corporate equities
17
Vault cash ♦ men. bank res.
Hiscellaneous assets
18
19
18
19
1.6
10.1
-1.0
7.3
-3.4
28.0
2.2
7.5
-3.6
10.6
17.7
10.7
-13. 1
13.1
-9.3
9.5
-2.6
9.7
10.7
11.0
20
21
22
23
24
128.0
26.5
.4
4. 1
22.0
101.2
4.9
-2.6
.3
7.2
128.2
8.7
-1. 1
-3.9
13.7
115.4
19.2
6. 1
-3.4
16.5
136.8
15.8
-5.3
1.6
19.6
151.3
28.3
4. 1
.2
24.0
134.4
56.6
-8.2
9.0
55.7
130.6
67.3
25.8
-4.9
46.4
98.9
-39.3
-16.4
-1.0
-21.9
183. 1
-21.3
-22.6
3.2
-1.9
25
29.3
45.0
40.3
97.0
129.9
178.9
264.8
94.2
89.5
71.1
64.2
26
27
13.8
15.6
47.2
18.3
51.5
14.4
-8.8
12.0
-53.4
8.8
-89.5
.4
-167.1
19.8
-57.0
-26.4
-24.8
33.7
35.3
8.0
-14.6
46.7
28
29
30
31
21.1
.5
-1.7
22.3
-2 8.5
-1.9
-3.4
-23.2
-12.4
-2.9
-2.4
-7.0
-14.3
. 1
15.7
-30. 1
19.2
-1.0
-.1
20.3
20.6
3. 8
12. 4
4. 4
-52.7
.1
-4. 1
-48.8
18.4
6.3
3.3
8.9
30.7
-11.5
11.4
30.7
80.5
1.2
-11. 1
90.5
3.3
-3.4
1.5
5.2
Net interbank claias
To Federal Reserve
To doaestic banks (2)
To foreign banks
28
29
30
31
32
33
34
35
1.3
6.7
2.1
4.5
.4
7. 1
1-5
5.6
.5
8.2
1.2
7.0
.6
2.5
1. 1
1.4
.7
8.4
4.9
3.5
.6
5.4
2.6
2.8
.7
6.7
4.9
1.7
.7
5.7
3.2
2.5
.7
12.2
6.0
6.2
.8
9. 1
5.7
3.4
.8
16.9
3.4
13.5
Corporate eguity issues
Credit aarket debt
Corporate bonds
Open-market paper
32
33
34
35
36
37
.5
13.2
-.5
7.4
-.4
17.4
-. 1
7.3
-. 1
7.4
-. 1
6.7
-. 1
5.7
-. 1
27.7
-. 1
-3.7
*
-.3
25.8
Profit taxes payable
Hiscellaneous liabilities
36
37
191.7 Net increase in liabilities
Checkable deposits
48.6
U.S. Government
3.4
Foreign
7.6
Private domestic
37.6
♦
Saall tiae and savings dep.
38
-9.4
-9.7
-9.3
-7.7
-10.3
-10.7
-8.3
-7.4
-9.1
-16.5
-12.3 Discrepancy
123.1
101. 1
103.6
108.5
132.7
127. 1
134.2
125.8
102-5
168.5
205. 1 Heao:
Credit akt. funds adv.
(1) Consists of U.S.-chartered coaaercial banks, their doaestic 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."
(2)
Floats and discrepancies in interbank deposits and loans.
1/84 BASED ON INCOHPLETE INFORHATION.
25
26
Large time deposits
Fed. funds and security HP's 27
39
BILLIONS OF DOLLABS.
20
21
22
23
24
38
39
HAY 22, 1964
Coaaercial Banking Subsectors
Connercial Banking Subsectors
Subsector Statements for Coaponent Groups in Coaaercial Banting
OMADJOSTED HET PLOBS (J HILL,
UNADJOSTED MET PLOBS($ HILI)
1982 J
IV ,
1983
I
II
IV
III
|
,
1984
I
1974
BILLIOHS OP DOLLABS
1975
1976
1977
1978
O.S.-Chartered Connercial Banks
1 Current surplus
2 Plant and eguipaent
3 Met acg. of financial assets
4
Total bank credit
O.S. Governnent securities
5
6
Treasury issues
7
Agency issues
8
9
10
11
12
13
14
15
16
17
State * local obligations
Corporate bonds
Total loans
Hortgages
Consuner credit
Bank loans n.e.c.
Open-narket paper
Security credit
Vault cash ♦ nen. bank res.
Hiscellaneous assets
18 Met increase in liabilities
Checkable deposits
19
O.S. Governnent
20
Poreign
21
Private doaestic
22
1,905
3,194
3,456
3,350
3,255
3,675
2,971
3,930
2,322
3,535
3,868
3,826
4.6
5.4
4.3
2.3
4.5
4. 1
5.3
6.7
6.7
9.3
1
2
48,218
42,793
17,557
15,750
1,807
10,705
12,931
19,813
17,165
2,648
38,585
37,929
14,371
14,369
2
26,831
27,175
5,835
6,202
-367
58,592
57,683
4,140
5,757
-1,617
24,683
31,467
6,273
2,900
3,373
60.8
56.4
.7
-2.8
3.5
29.0
30.7
30. 1
28.4
1.6
59.6
61.3
19.6
18. 1
1.5
91.0
83.7
-1.3
-2.2
.9
120.0
107.2
. 1
-6.7
6.8
3
4
5
6
7
6,146
352
-4,895
1,379
1,363
1,333
1,853
534
5,522
377
-1,409
702
5.1
1.0
1.6
1.8
2.6
-.6
9.2
-.3
9.4
-.6
8
9
18,738
3,386
2,439
9,654
87
3,172
-3,366
3,155
-3,985
377
-129
-2,784
20,862
6,834
3,968
8,000
-1,439
3,499
18,953
10,071
9,758
1,823
25
-2,724
47,644
8,569
12,990
22,096
13
3,976
25,901
8,991
6,087
12,145
-165
-1,157
49.5
12.3
3.4
34.3
1.6
-2. 1
-2.8
3.7
3.1
-12.8
1.1
2.2
39.8
15. 1
12.0
3.2
3.2
6.2
76. 1
27.3
22.3
24.6
.2
1.8
98.3
35.3
26.2
42. 1
-2.3
-3.0
10
11
12
13
14
15
6,505
-1,080
-4,316
2,090
-3,250
3,906
-348
4
4,335
-3,426
-3,027
-3,757
-.3
4.7
.8
-2.5
-1.0
-.6
3.5
3.7
47,814
8,468
25,660 -14,122
-3,977 -2,301
140
852
29,497 -12,673
37,018
19,724
7,597
497
11,630
24,642 56,781
21,475
-3,315 13,360 -15,662
676 -11,315
1,113
-634
64
789
-3,357 23,886 -16,839
58.3
-1.3
-5. 1
2.1
1.7
27. 1
7.0
-1.7
-.5
9.2
57.9
11.0
-. 1
1.7
9.4
86.3
21.5
4.3
1.7
15.5
5.9 16
7.0 17
114.6
22.8
6.8
*
16. 1
18
19
20
21
22
23
Snail tiae+savings deposits
71,113
18,249
16,375
24,151
20,995
17.4
39.9
54.6
28.2
13.3 23
24
25
-21,987 -40,416
Large tine deposits
256
5,508
Fed. funds and security RP’s
-8,119
-6,785
2,669
7,389
7,154
2,669
-4,779
12,156
38.2
-1.9
-13.3
3.5
-15.6
13.6
23.8
9.0
42. 1 24
20.0 25
26
27
28
29
30
Met interbank liabilities
Federal Beserve float
Borrowing at P.B. banks
To doaestic banks
To foreign banks
-2,824 -16,509
2, 185 -2,249
2,091
-406
-1,293 -2,095
-3,310 -14,256
8,308
534
802
2,903
4,069
3,207
-1,080
-1,985
-557
6,829
14,514
1,623
-707
685
12,913
2,541
-776
-22
1,092
2,247
-.9
-1.1
-1.0
3.2
-2.0
-10.9
1.7
-. 1
-4.2
-8.3
-9.8
-1. 1
-.2
.3
-8.7
-2.8
1.2
.2
-2.7
-1.5
2.5
2.7
.9
-3.5
2.3
26
27
28
29
30
31
32
33
34
Corporate eguities
Corporate bonds
Profit taxes payable
Hiscellaneous liabilities
160
343
-25
-3,032
167
277
-19
2,469
174
-234
-14
5,715
181
26
-22
-1,868
188
-289
-14
-4,952
195
25
6,004
1.0
.2
.1
5.5
1.0
-2
-.3
.1
1.6
.7
1.7
.6
.6
.2
5.4
1.1
.2
. 1
12.4
31
32
33
34
35 Discrepancy
-1,693
-2,131
-1,987
-3,148
-3,024
-3,166
-3.2
. 1
-1.4
-6. 1
-8.0 35
36 Heno:
39,621
15,715
34,430
29,899
53,707
32,624
58.5
28.5
55.1
81.9
110. 1 36
Credit nkt. funds adv.
49,263
Doaestic Affiliates of Connercial Banks
1 Met acg. of financial assets
2
Inv. in finance co. subs.
3
Bank loans n.e.c.
4 Met increase in liabilities
5
Net interbank clains
6
Credit narket debt
7
Corporate bonds
Connercial paper
8
9
Hiscellaneous liabilities
198
104
94
1,323
1,280
43
997
1,232
-235
692
797
-105
1,269
1,206
63
846
811
35
1.6
.7
.9
2.9
3.4
-.5
6. 1
6.4
-.3
V
-.5
.6
1.7
2.7
-1.0
1
2
3
198
1,000
300
700
-802
1,323
1,389
958
431
-66
997
-1,056
1,655
1,024
631
398
692
-2,646
3,014
1,467
1,547
324
1,269
-1,739
2,556
1,708
848
452
846
-3,441
4,212
835
3,377
75
1.6
-3.3
4.4
1.0
3.5
.5
2.9
2.0
.6
.3
.3
-2
6.1
-.3
5.4
6.2
-.8
-9
*
-1.6
2.0
.7
1.3
-.3
1.7
-3.0
7.2
.5
6.7
-2.4
4
5
6
7
8
9
21.8
19.6
.5
-. 1
. 1
18. 1
1.0
1
2
3
4
5
6
7
Poreign Banking Offices in O.S.
1,926
596
951
-3
-232
-120
506
454
854
38
-77
-361
-2,044
-1,367
747
-115
49
-2,068
20
2,869
1,769
-296
100
152
1,506
307
64 6
-2,120
306
-130
70
-2,551
185
2,176
1,482
-497
2,239
-260
8.5
7.2
.2
.1
*
6.3
.7
1.6
1. 1
-.2
*
*
1.2
*
5.3
4.4
.5
-. 1
3.5
.5
5.7
4.9
-. 1
*
.2
4.7
.1
Corporate eguities
Security credit
Hiscellaneous assets
4
200
1,126
9
-420
463
1
-192
-486
-3
499
604
-6
532
2,240
3
-384
1,075
V
-. 1
1.4
♦
-. 1
.6
*
.4
-4
*
.5
.3
♦ 8
.1
9
2.0 10
11 Net increase in liabilities
12
Deaand deposits
13
Tine deposits
1,926
414
1,408
506
-474
-7,036
-2,044
825
-4,353
2,869
-520
-6,090
646
348
2,813
2,176
-298
-5,749
8.5
1.2
1. 1
1.6
.6
3.4
5.3
2.4
.4
5.7
3.0
2.2
21.8 11
2.5 12
6.4 13
1 Net acg. of financial assets
2
Credit narket instrunents
O.S. Governnent securities
3
4
State ♦ local obligations
5
Corporate bonds
6
Bank loans n.e.c.
Open-narket paper
7
8
9
10
♦
14
15
16
Net interbank liabilities
To foreign banks
To doaestic banks
-2,002
-3,934
1,932
8,789
5,710
3,079
2,294
2,557
-263
7,645
1,444
6,201
-3,578
1,055
-4,633
7,396
2,579
4,817
4.6
2.0
2.6
-3.0
-1.4
-1.6
2.2
3.0
-.9
-.2
.9
-1. 1
10.6 14
3. 4 15
7.3 16
17
Hiscellaneous liabilities
2,106
-773
-810
1,834
1,063
827
1.6
.7
.3
.7
2.3 17
Banks in O.S. Possessions
1 Met acg. of financial assets
Denand deposits and currency
2
851
503
859
501
888
543
908
567
930
59 5
953
625
.1
-.2
1. 1
.1
.4
-.2
.8
.5
.6
.3
1
2
Credit narket instrunents
O.S. Governnent securities
State * local obligations
Corporate bonds
Hone aortgages
Connercial nortgages
Hiscellaneous assets
88
56
18
75
-61
260
191
89
71
18
78
-65
167
80
88
9
-29
80
-68
265
119
110
26
-28
82
-71
222
71
119
-2
-56
84
-74
264
67
134
-8
-68
86
-77
261
.5
-.2
.2
*
. 1
.4
-.2
.4
. 1
.1
*
.2
.6
.6
. 1
.4
. 1
.1
-. 1
-. 1
.3
.2
-. 1
. 1
*
. 1
*
.2
1
.3
.2
. 1
-. 3
. 1
3
4
5
6
7
8
9
851
859
888
908
930
953
. 1
1. 1
.4
.8
3
4
5
6
7
8
9
10 Net increase in deposit liab.
1/84 BASED OM PBELIHIBABI AMD INCOHPLETE IMFORHATIOM
♦
.6 10
MAI 22, 1984
Comaercial Banking Subsectors
Coaaercial Banking Subsectors
Subsector Stateaents for Coaponent Groups in Coaaercial Banking
SEASONALLY ADJUSTED ANNUAL HATES
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL RATES
1982
1983
I
1
1982 |
IV
1
I[
JI
1983
I
III
II
IV
1984
I
U.S.-Chartered Coaaercial Banks
12.2 Current surplus
15.3 Plant and eguipaent
1
2
1
2
7.9
10.7
7.6
9.8
7.5
10.7
9.3
12.4
12.0
14.5
8.8
12.8
10.9
13.4
13.5
14.7
12.8
15.7
10.8
14. 1
3
4
5
6
7
111.5
107.9
7.4
-.2
7.6
84.6
84.7
25.0
15.3
9.7
107.6
101.6
11.4
1.8
9.6
113.4
108.0
26.7
19.4
7.3
134.7
135.7
44.2
43.5
.7
147.9
125.5
60.0
53.9
6.0
126.2
133.8
73.8
60.6
13.2
129.6
133.4
66. 1
66.8
-.7
96.9
96.3
31.1
33.5
-2.4
186.2
179.4
5.7
13.2
-7.5
8
9
9.7
-.3
13.2
.5
5.7
*
4.6
1.7
3.8
3.6
18. 6
1. 4
-12.8
5.5
8.0
5.3
5.5
2.1
14.6
1.5
1.3
2.8
10
11
12
13
14
15
91.1
30-6
19.9
39.9
1.6
-.8
46.0
17-7
-6.2
32.3
1.0
1.2
84.5
21.4
4.0
54.7
-.2
4.7
75.0
16.0
6.3
51.2
1.0
-5
84.1
28.6
22.7
32.3
-1.5
2.0
45.6
14.0
6.8
21.9
2-9
-. 1
67.3
17.8
3.8
41.5
.2
4.1
54.1
23.5
15.2
11.1
-6.7
11.0
57.5
38.6
25.8
5.5
-3.4
-9.0
157.5
34.7
46. 1
71.1
3.8
1.8
186.7
40.5
45.5
90.6
-1.4
11.5
16
17
1.6
2.1
-1.0
.9
-3.4
9.4
2.2
3.2
-3.6
2.6
17.7
4.7
-13.1
5.5
-9.3
5.4
-2.6
3.2
10.7
-3.8
-9. 1
-18. 1
18
19
20
21
22
104.9
25.7
.4
3.4
21.9
77.2
10.5
-2.6
-.2
13.3
101.4
14. 8
-1. 1
-3.0
18.9
108.8
20.9
6. 1
-2.2
17.0
126.9
15.6
-5.3
1.5
19.5
141.2
20.7
4. 1
-4.0
20.6
120.4
59.4
-8-2
10.0
57.6
123.4
69.9
25.8
-2.8
46.9
90.7
-36.6
-16.4
-1
-20.4
173. 1
-30.2
-22.6
-1.3
-6.3
23
29.3
45.0
40.3
97.0
129.9
178.9
264.8
94.2
89.5
71. 1
64.2
Saall tiae»savings deposits
24
25
10.2
15.6
39.3
18.3
43. 9
14.4
2.3
12.0
-38.7
8-8
-95.2
.4
-138.9
19.8
-39.6
-26.4
-.4
33.7
24. 1
8.0
8.4
46.7
24
Large tiae deposits
Fed. funds and security RP’s 25
26
27
28
29
30
13.0
.3
.3
-4.0
16.5
-36.7
-2.3
.4
-12.4
-22.3
-18.8
-2.7
-.2
-9.7
-6.2
-27.6
1.0
-.9
-9.5
-18.2
9.5
-1.2
.2
.9
9.6
35.3
4.4
-.6
25.9
5.5
-92.8
-7.2
7.4
-22.2
-70.7
2.7
.9
5.3
-11.7
8.2
19.0
-1.4
-10.1
-1.0
31.5
109.2
3.0
-1.8
38.7
69.3
-18.4
-2.2
-1.2
-9.7
-5.2
Net interbank liabilities
Federal Reserve float
Borroving at F.R. banks
To doaestic banks
To foreign banks
26
27
28
29
30
31
32
33
34
1.3
.2
.5
9.1
.4
.2
-.5
.8
.5
-. 1
-.4
6.7
.6
.6
-.1
3. 1
.7
-.2
-. 1
1.4
.6
1.4
-. 1
-.8
.7
1.1
-. 1
6.3
.7
-.9
-. 1
23.0
.7
.1
-. 1
-15.2
.8
-1.2
.8
.1
♦
#
Corporate eguities
Corporate bonds
Profit taxes payable
Hiscellaneous liabilities
31
32
33
34
35
-9.4
-9.7
-9.3
-7.7
-10.3
-10.7
-8.3
-7.4
-9.1
-16.5
-12.3 Discrepancy
36
108.7
83.5
96.9
107.6
133.8
125.6
129.7
122.4
105.3
177.6
196.8 Meno:
-8.6
181.2 Net acg. of financial assets
Total bank credit
208.4
U.S. Governaent securities
17.5
Treasury issues
1.4
Agency issues
16. 1
State + local obligations
Corporate bonds
Total loans
Mortgages
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
Vault cash * aea. bank res.
Hiscellaneous assets
172.0 Net increase in liabilities
Checkable deposits
51.4
U.S. Governaent
3.4
Foreign
6.4
Private doaestic
41.5
19.0
Credit akt. funds adv.
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
35
36
Donestic Affiliates of Coaaercial Banks
1
2
3
5.4
5.5
-.1
4.3
4.4
-. 1
8.0
7.9
. 1
1. 1
1.0
. 1
4.3
4.5
-.2
.8
.4
.4
5.3
5.1
.2
4.0
4.9
-.9
2.8
3.2
-.4
5. 1
4.8
.3
4
5
6
7
8
9
5.4
-1.4
6.5
1.9
4.5
.3
4.3
-2.7
6.9
1.4
5.6
. 1
8.0
-1.4
8.3
1.3
7.0
1. 1
1. 1
2. 1
1.9
.5
1.4
-2.9
4.3
-5.4
8.6
5.2
3.5
1. 1
.8
4.0
1. 2
2.8
-3.2
5.3
5.6
3.8
1.7
-.3
4.0
-4.2
6.6
4. 1
2.5
1.6
2.8
-10.6
12.1
5.9
6.2
1.3
5. 1
-7.0
10.2
6.8
3.4
1.8
-.4
4.0
3.0
-.5
.2
1.2
.1
1.8
-2-9
-1.2
.4
.6
-4.0
1.2
1.2
-9.6
1.2
-.5
.3
-11.3
.7
♦
3.4 Net acg. of financial assets
Inv. in finance co. subs.
3.2
Bank loans n.e.c.
.1
3.4 Net increase in liabilities
-13.8
Net interbank claias
Credit aarket debt
16.8
3.3
Corporate bonds
13.5
Coaaercial paper
.3
Miscellaneous liabilities
1
2
3
4
5
6
7
8
9
Foreign Banking Offices in U.S.
1
2
3
4
5
6
7
16.5
14.5
.5
.1
.1
13.2
.6
18.1
17.0
.5
.2
*
15.5
.8
16. 1
7.7
.6
-. 1
.3
5.8
1.0
2.3
.3
.8
-. 1
- 1
.2
-.7
2.0
-1.3
1.6
-.1
.3
-3.2
.2
-2.5
-.5
5.3
3.5
3.4
.2
1.4
-1.4
8
9
10
V
*
2.1
*
-.4
1.5
-. 1
.6
7.9
*
-.5
2.4
*
-4
2.8
*
.6
4.5
*
-. 1
1.9
-2.4
-1.9
*
2.3
2.4
*
1.9
9.0
11
12
13
16.5
.8
3.6
18.1
-5.6
7.9
16. 1
-6. 1
7.6
2.3
-1.7
-11. 1
2.0
.2
-14.7
5.9
7.6
5.6
5.3
-2.9
-28. 1
-.4
-2.6
-17.4
1.8
-2.7
-24.4
1.2
8.9
11.3
14
15
16
9.5
5.8
3.7
1 0.9
-.8
1 1.7
7.9
-.8
8.6
11. 1
-11.9
23.0
15.2
10.8
4.4
-14.6
-1. 1
-13.5
40.1
21.9
18. 1
20.0
.7
19.3
22.3
-.7
23.0
-21.7
21. 1
-42.9
17
2.7
4.9
6.8
3.9
1.3
7.3
-3.7
-.4
6.6
5.9
.8
3.8
♦
12.4 Net acg. of financial assets
7.9
Credit aarket instrunents
-2.0
U.S. Governaent securities
State ♦ local obligations
Corporate bonds
10.9
Bank loans n.e.c.
Open-aarket paper
-1.0
*
.2
4.3
Corporate eguities
Security credit
Hiscellaneous assets
1
2
3
4
5
6
7
8
9
10
12.4 Net increase in liabilities
Demand deposits
-2.8
Tiae deposits
-23.0
11
12
13
35.4
10.4
25.0
Net interbank liabilities
To foreign banks
To doaestic banks
14
15
16
2.8
2.8
Miscellaneous liabilities
17
Banks in U.S. Possessions
1
2
1 .1
.7
1.6
.6
2.7
1.0
3.2
1.7
3.6
2.2
3. 4
2.0
3.4
2.0
3.6
2.2
3-6
2.3
3.7
2.4
3.8 Net acg. of financial assets
2.5
Demand deposits and currency
1
2
3
4
5
6
7
8
9
*
*
.2
.1
.1
*
.4
.5
.1
-3
•
.2
-. 1
.5
-1. 1
-.3
-.7
-.3
.3
-.2
2.9
.6
.2
.2
. 1
.3
-.2
.9
.5
.4
.1
-. 1
.3
-.3
.9
.4
.2
. 1
.3
-. 2
1.0
.8
.4
.3
.1
.3
-.3
.7
.3
.4
-. 1
.3
-.3
1. 1
.5
.4
.1
-. 1
.3
-.3
.9
.3
.5
*
-.2
.3
-.3
1. 1
.3
-5
*
-.3
.3
-.3
1.0
Credit aarket instruments
D.S. Governaent securities
State + local obligations
Corporate bonds
Home nortgages
Commercial mortgages
Miscellaneous assets
3
4
5
6
7
8
9
10
1 .1
1.6
2.7
3.2
3.6
3.4
3.4
3.6
3.6
3.7
3.8 Net increase in deposit liab.
BILLIONS OF DOLLARS.
1/84 BASED ON INCOMPLETE INFORMATION.
♦
10
BAI 22* 1984
Nonback Finance Suaaary
Nonbank Finance Suaaary
Private Nonbank Financial Institations
UNAOJUSTEO NET FLOWS($ HILL)
UNADJUSTED NET FLOWS(J HILL)
1982 |
IV
|
1983
I
II
III
IT
|
1
1984
I
1974
BILLIONS OF DOLLABS
1976
1977
1975
1978
Private Nonbank Financial Institations - Total
1 Current surplus
2 Physical investment
1*022
1*286
1*594
1*268
2,402
1*063
3 Net acg. of financial assets
4
Demand deposits and currency
5
Tine and savings deposits
6
Security BP’s
7
Foreign deposits
54*267
2*638
-7*861
-5*205
940
65*767
1*039
-8*493
2*604
-4,577
8
9
10
11
12
13
14
15
Corporate egaities
Credit aarket instruaents
U.S. Governaent securities
State * local obligations
Corporate ♦ foreign bonds
Hortgages
Consaaer credit
Other loans
14*166
34,902
31*541
3,684
9*051
-7*485
4*731
-6,620
16
17
18
Security credit
Trade credit
Biscelianeous assets
4,244
517
9,926
Credit aarket instruaents
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Boae Loan Bank loans
31
32
33
Security credit
Profit taxes payable
Hiscellaneous liabilities
34 Discrepancy
1,817
1*473
895
1.322
4.7
2.6
2.5
5.3
5.8
3.6
9.9
2.2
13. 1
2.2
1
2
75,733
1,511
-4*984
-2,402
462
78,875 102*713 106*514
252
3*895
-683
-5*797
-1,533
81
3,903 -2*140
7*530
246
1,876
2*021
78.9
.4
5.7
2.4
112.5
.5
4.2
-1.0
-
152.9
1.0
-2.3
1.6
-
191.7
.9
3.8
3.0
»
202.9
3.3
8.4
1.8
.5
3
4
5
6
7
15*979
52,530
31*400
6*247
10*262
3*429
1*427
-235
16*683
53*962
10*615
1*098
14*348
12*760
5,741
9*400
11*329
59*970
19*600
2,465
2*306
21*804
5*547
8*248
11,321
74,604
29*605
2,569
2*383
22*831
8*359
8*857
9*791
83*047
35,831
5* 185
2*920
16*423
2*770
19,918
5.8
60.9
2.5
1.6
17.9
25.0
5.2
8.7
9.8
91.8
21.5
6.0
25.4
27.3
5.0
6.7
12.5
129.5
24.6
9.3
29.2
46.0
10.3
10.0
7.4
171.1
21.6
13.5
37.5
66.5
16. 1
15.8
4.5
173.3
17.5
15.2
33.0
68.4
19.4
19.8
8
9
10
11
12
13
14
15
2*230
511
3,944
7*045
501
2,955
2,404
497
6,071
6*486
488
5*957
-486
482
6*490
-1.6
.5
4.6
1.0
.6
5.6
4.6
1.2
4.7
1.0
1.3
3.3
75*599 100*628 107*414
30,567 29*269 37*616
-1*625
8, 187
-457
2,212
5*050
3*747
27*923 32*232 34*147
14.226
9*111
7*345
80.0
22- 1
2.4
1.5
33.4
.9
115.2
59.4
1.3
. 1
39.7
-.5
148. 1
69.2
*
-. 1
47.7
-1.8
183.2
69.7
.2
1.9
60.7
2.8
192.2
59. 1
6.9
2. 1
66.6
1.3
19
20
21
22
23
24
25
26
27
28
29
30
19 Net increase in liabilities
53*625 65*003 77*427
20
Tine and savings deposits
25*603 45*407 28,533
21
-17*013 -26*296 -15*680
Honey aarket fund shares
-164
3*813
22
Security BP's (s+1)
-12
35*679 32,775
23
Insurance + pension reserves 31*261
24
8*445
6,754
Corporate eguity issues (1)
12*853
25
26
27
28
29
30
1*857
955
1.6 16
1. 5 17
8.0 18
-3*283
1.143
29
1*287
-4*101
-1,641
-6,471
1*634
6
-1*620
-506
-5*985
5*456
3,601
6
-1,249
4,321
-1,223
2,747
3,190
6
-498
980
-931
11,923
3*747
7
2*345
4*733
1*091
3,505
358
7
-1,452
5*937
-1*345
13.7
1.9
.2
4.6
.3
6.7
-3.8
2.8
.4
-3.7
-7
-4.0
.7
3.0
.4
-3.7
3.0
-2.0
21.3
8.9
•
-.3
8.4
4.3
30.2
6.8
. 1
2.8
7.9
12.5
5* 175
74
5*066
-2*425
39
6,381
3,872
14
10*199
-2*241
-4
8*675
5*424
29
8*047
-1*151
-21
7*158
-2.9
•
9.0
2.9
. 1
15.9
7.9
.5
24.0
.9
.7
24.9
♦ 31
.8 32
25.1 33
-906
-438
3,033
-2,374
-1*741
473
3.2
-. 1
-2.6
-.8
.2 34
(1) Includes autual fund shares.
Savings Institations Coabined
-157
300
311
277
498
450
2.3
2.0
2.9
3.8
5.0
1
21*995
205
2,891
-2*523
39*892
1,328
2*974
5*590
35*702
609
717
-1,214
38,222
328
-4,153
1*154
38*415
764
333
-370
42*552
504
2*014
2*973
32.2
.1
1.5
2.3
58. 1
.3
5.0
-1. 1
72. 1
.2
-1.5
1.6
84.9
81.3
1. 1
.2
1.7
2
3
4
5
-111
13*255
19,954
166
112
79
27,964
22,648
-55
1,063
60
35,052
19*963
-148
1,121
72
37*050
12*365
-11
420
106
33*522
8,062
-57
348
53
33*055
12*524
-170
-303
.2
25.3
-.3
.3
.2
51.2
9.7
1.6
.1
68.4
10.2
.6
.4
78.5
7.0
.4
.9
3.5
2.8
1.2
-9*730
-10,301
-780
1*350
1
1*537
-882
1 10
2*309
-
10,373
4,581
1,031
4*762
-1
18*500
12*673
1*972
3*855
-
17,416
12*486
1*284
3*645
1
15,511
11*585
1,399
2*526
1
21.3
16. 1
1.7
3.4
*
30.5
22.6
2.6
5.3
47.6
38.8
3.3
5.6
*
61.9
52.0
4.9
4.9
a
58.4
50.5
4.4
3.5
•
11
12
13
14
15
Consuaer install, credit
Consuaer noninstall.credit
Open-aarket paper
Hiscellaneous assets
1*329
456
968
8*278
1*935
348
488
1*957
3,175
465
103
478
3*857
560
1*359
3,771
4,365
750
2*63 8
4,060
4*870
500
123
3*953
3. 1
.2
-.2
2.8
4.4
.4
1.0
6.6
.3
.3
3.3
8. 1
.3
-.3
2.2
7.3
.5
.6
5.3
16
17
18
19
20 Net increase in liabilities
Oeposits
21
22
Security BP’s
23
Cr. akt. instr. (svgs.+loan)
24
Profit taxes payable
25
Hiscellaneous liabilities
22*192
25*603
-12
-3*931
-8
540
39*796
45*407
-164
-5,982
-11
546
35*544
28*533
3*813
-1,035
-6
4,239
37*310
30*567
2*212
1,410
-17
3,138
37*651
29,269
5*050
1*423
-13
1*922
42*608
37*616
3*747
-136
-12
1*393
30.1
22.1
1.5
6.2
.1
.2
56.0
59.4
.1
-4.2
. 1
.6
68.9
69.2
-.1
-1.7
80.3
69.7
1.9
6.9
76.0
59. 1
2. 1
13.5
.2
1.2
1.6
20
21
22
23
.2 24
1.0 25
40
204
153
-635
-266
506
.2
a
-.4
-.8
-.3 26
1 Current surplus
2 Net acg. of financial assets
Deaand deposits and currency
3
4
Tine deposits
5
Security BP’s
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Corporate eguities
Credit aarket instruaents
U.S. Govt, securities
State + local obligations
Corporate bonds
Hortgages
Uoae nortgages
Hulti-faaily
Coaaercial
Fara
26 Discrepancy
1/84 BASED ON PBELIHINABI AND IHCOHPLETE INFOBHATION
♦
2-5
♦
1.0
2.9
.2
. 1
6
72.8 7
5. 4 8
.6 9
. 1 10
HAT 22, 1984
Nonbank Finance Suaaary
Nonbank Finance Summary
Private Nonbank Financial Institutions
SEASONALLT ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
|
I
1982 |
|
iv
I
II
III
|
|I
IV
1984
I
Private Nonbank Financial Institutions - Total
6. 1 Current surplus
5.3 Physical investaent
1
2
1
2
11.0
3.0
9.2
3.9
2.9
5.3
2.1
4.9
7.7
4.8
4.8
5. 1
8.6
5. 1
8.0
4.3
6.0
3.8
8.0
5.9
3
4
5
6
7
214.7
3.5
5.3
5.5
4.6
222. 1
3.6
19.0
3.2
1.7
297.5
3. 1
23.5
14.6
12. 1
254.5
10.4
3.8
2.1
4.9
323. 1
6.7
-19.2
2.0
-1.8
186.4
6.9
-34.2
-17.6
3.8
289.8
10.5
-40.8
6.8
-18.3
297.5
5.7
-22.6
-9.7
1.8
332.3
-1.7
-10.1
16.4
1.0
372.7
12.3
-3.3
-5.6
8.1
454.7 Net acg. of financial assets
Deaand deposits and currency
3.9
Tiae and savings deposits
-13.3
Security BP’s
26.7
Foreign deposits
7.5
3
4
5
6
7
8
9
10
11
12
13
14
15
9.7
171.6
21.8
10.9
20.7
62.4
22.2
33.6
16.8
16 1.2
43.2
9.7
25.3
44.2
10.2
28.6
22.2
201.7
56.7
7.3
27.5
29. 1
15.4
65.6
27.9
162.7
122. 1
14.9
25.2
-19. 1
10.2
9.4
55.3
241. 1
91.2
12.4
29.3
60.8
21.1
26.3
47.5
122.7
119.8
14.7
33.0
-30.4
14.8
-29. 1
70.3
233.1
117.2
24.9
46.2
24.6
19.1
1.2
66.4
214.0
55.2
4.3
51.5
47.5
22.0
33.4
49.1
241.8
82.7
10.1
13.4
79.6
18.7
37.4
35.4
275.3
109.9
10.3
6.0
91.6
24.5
33.0
45.2
356.8
135.0
20.6
17. 1
75.5
25.2
83.4
Corporate eguities
Credit aarket instruaents
O.S. Governaent securities
State ♦ local obligations
Corporate ♦ foreign bonds
Mortgages
Consuaer credit
Other loans
8
9
10
11
12
13
14
15
16
17
18
1.1
1.9
11.4
6.5
2.0
8.1
-2.3
2.6
20.0
3.2
2. 1
37.4
18.2
2.0
18.9
17.0
2. 1
38.2
8.9
2.0
17.2
28.2
2.0
11.7
9.6
2.0
24.2
25.9
2.0
22.6
-1.9
1.9
28.0
Security credit
Trade credit
Hiscellaneous assets
16
17
18
19
20
21
23
24
204.9
46.9
34.4
.5
60.0
1.9
219.2
57.6
29.2
2. 1
80.8
6.9
302.5
26. 1
107.5
3.0
91.8
7.2
259.2
62. 1
24.7
3.8
108.5
22. 1
318.7
133.8
-44.1
10.9
128.6
37.8
187.1
83.9
-68. 1
*
126. 1
25. 5
285.9
175.0
-105.2
-.7
140. 1
47.6
298.6
128.1
-62.7
15.3
131.5
37.6
322.0
138.4
-6.5
8.8
112.5
30-9
368.1
93.5
-1.8
20.2
130.4
34.9
457.5 Net increase in liabilities
144.7
Tiae and savings deposits
32.7
Honey aarket fund shares
Security BP's (s+1)
15.0
133.4
Insurance ♦ pension reserves
52.4
Corporate eguity issues (1)
19
20
21
22
23
24
25
26
27
28
29
30
27.9
5.7
*
-.4
13.4
9.2
11.4
5.6
1
-.4
-.8
7.1
29.8
-2.0
-.5
2.2
13.9
16.2
1.9
1.2
.1
3.2
-3.4
.8
13.7
12.2
*
-1.0
9.5
-7.0
-17.7
2. 7
. 1
1. 1
-15.6
-6.0
-1.3
9.3
*
-4.4
8.2
-14.4
3.3
13.3
*
-4.9
6.3
-11.4
11.3
13.9
*
1.3
4.4
-8.4
41.3
12. 1
39.9
4.8
♦
♦
4.0
19.2
6.0
31
32
33
1.1
-.2
32.4
6.0
-.8
25.9
2.5
-1.2
35.7
3.2
.1
32.8
4.6
.1
33.3
7.7
.2
29.5
7.1
.1
23.1
10.9
.1
34.6
-6.8
*
33.3
7.4
*
42.2
34
-1.9
2.4
2.6
1.9
-1.5
.4
-.3
4.7
-8.1
-2.4
22
-5.0
35.6
4.5
Credit aarket instruments
Corporate bonds
nortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Bank loans
25
26
27
28
29
30
13.3
-. 1
26.2
Security credit
Profit taxes payable
Hiscellaneous liabilities
31
32
33
3.6 Discrepancy
(1)
34
Includes autual fund shares.
Savings Institutions Coabined
1
4.3
1.2
-4.5
-3.3
1.4
-.6
1.2
1.2
1.1
2.0
2
3
4
5
66.5
.5
-.8
3.4
69.2
1.7
8.5
-.1
43.5
2.3
-1. 1
5.7
71.3
2. 1
9.6
.4
152.2
3.0
-.1
5.2
81.7
.7
8.8
-6.9
159.4
4.8
5. 1
18.7
144.3
3.8
.2
-5.0
160.3
.2
-3.6
5.4
145.0
3.2
-2.3
1.5
170.7 Net acg. of financial assets
1.4
Deaand deposits and currency
.8
Tiae deposits
8.5
Security HP’s
6
7
8
9
10
-.1
56.7
2.1
-.5
-1.1
-.5
54.9
21.4
-.5
.7
-.6
27.2
5.2
*
-1.0
-.5
30.6
48.0
-.3
-1. 1
.3
133.6
63.0
-.3
3.0
-.4
47.9
71.9
.7
.4
.3
121. 1
88.4
-.2
4.3
.2
143. 1
85.6
-.6
4.5
.3
143.0
56.2
*
1.7
.4
127. 1
21.9
-.2
1.4
.2
142.0
48.6
-.7
-1.2
11
12
13
14
15
48.4
42.9
2.1
3.4
*
29.8
28.1
.1
1.6
*
18.4
17.0
-.5
2.0
-
-25.6
-27.5
-1.5
3.4
*
47.8
28.9
4.4
14.6
-
-38. 1
-39.4
-3. 1
4.4
38.3
15.8
4. 1
18.4
*
64.8
40.8
7.9
16.1
70.9
52.2
5. 1
13.5
*
72.9
56. 1
5.6
11.2
♦
17.3
6.5
.4
10.3
-
16
17
18
19
3.6
2.4
1.8
6.8
-.9
1.4
3.0
4.7
3.5
-1.8
2.8
10.0
4. 1
1. 1
4.3
29. 1
13.3
2. 1
4.6
10.3
6. 1
1.8
5. 1
31. 6
9.7
1.4
.3
9.3
13. 1
1.9
.3
1.8
12.4
2.2
5.7
15.0
18.2
3.0
12.0
15.0
21.6
2.0
-1.2
17.8
20
21
22
23
24
25
62.0
46.9
.5
12.6
-.2
2.3
68.5
57.6
2. 1
7.4
-.3
1.7
49.4
26. 1
3.0
15.5
-.3
5. 1
75.9
62. 1
3.8
-3.0
*
13.0
150.3
133.8
10.9
-4.2
83. 1
83.9
9.8
-12. 1
*
11.4
159. 1
175.0
-.7
-14.9
-. 1
-.3
143.4
128. 1
15.3
-10.7
*
10.8
155.9
138.4
8.8
-2.5
-. 1
11.2
142.7
93.5
20.2
11.3
*
17.7
26
-.2
.5
1.4
1.2
-.5
.7
1.0
.4
-3.2
-.3
BILLIONS OF DOLLABS.
♦
♦
1/84 BASED ON INCOHPLETE INFOBHATION.
1.8 Current surplus
♦
Corporate eguities
Credit aarket instruments
U.S. Govt, securities
State ♦ local obligations
Corporate bonds
Mortgages
Hoae aortgages
Hulti-faaily
Coaaercial
Fara
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Consuaer install, credit
Consuaer noninstall.credit
Open-market paper
Hiscellaneous assets
16
17
18
19
171.0 Net increase in liabilities
144.7
Deposits
Security RP’s
15.0
8.3
Cr. akt. instr. (svgs.+loan)
Profit taxes payable
-. 1
Miscellaneous liabilities
3.1
20
21
22
23
24
25
2. 1 Discrepancy
26
HAY 22, 1984
Savings Institutions
Savings Institutions
Sector Statenents of Saving and Investnent
UNADJUSTED NET FLOHS(S HILL)
UNADJUSTED NET FLOHS(S HILL)
1982 |
17
,
1983
I
II
III
|
|
IV
1984
I
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
Savings aad Loan Associations
-201
391
140
193
257
195
1.5
1.4
2.0
2-7
3.6
1
18,282
-9,473
1,212
29,246
1,626
2,032
27,380
10,064
1,738
31,922
17,540
1,445
28,958
14,772
2,240
32,971
14,724
1,806
25. 1
19.0
.9
40.8
27.7
.8
52.0
42.7
1.1
64.3
55- 1
1.5
63.5
51.4
.3
2
3
4
26,543
322
2,210
-1,508
25,588
1,782
1,531
5, 155
15,578
601
1,136
-776
12,937
962
-1,777
1,242
11,946
286
352
104
16,441
1,069
597
1,537
5.2
.7
2.6
12.3
.3
4.5
-1.0
8.2
.3
-1.4
1.2
7.7
-.2
.1
2.3
11.8
.1
.4
1.7
5
6
7
8
7,625
9,431
-113
620
7,956
5,021
9,945
12
4 66
1,676
7,530
6,300
-2
395
394
-429
8,400
2
1,380
3, 157
3,328
3,200
10
1,392
3,274
4,738
5,700
7
-1,069
3,862
-1.6
1.2
.3
-.2
2.3
.6
4.1
1.0
.9
1.9
4.9
.7
-.3
-.1
2.9
-1.0
4.9
*
-.3
1.8
*
4.6
.1
.4
4.6
9
10
11
12
13
14 Net increase in liabilities
15
Deposits
16
Security BP’s
18,601
20,891
-12
29,371
34,590
-164
27,568
20,968
3,813
31,424
26,484
2,212
28,791
20,987
5,050
33,465
28,715
3,747
23.7
16.0
1.5
39.5
42.8
. 1
49.7
50.2
-.1
61.1
50.9
1.9
17
18
19
20
Credit narket instrunents
Corporate bonds
Bank loans n.e.c.
Fed. hone loan bank loans
-3,931
-66
-2,224
-1,641
-5,982
9
-6
-5,985
-1,035
17
171
-1,223
1,410
8
2,333
-931
1,423
332
1,091
-136
-2
1,211
-1,345
6.2
-.4
6.7
-4.2
. 1
-.3
-4.0
-1.7
.1
.2
-2.0
6.9
1.2
1.4
4.3
21
22
Profit taxes payable
Hiscellaneous liabilities
-8
1,661
-11
938
-6
3,828
-17
1,335
-13
1,344
-12
1,151
.1
-.1
-1
.7
.2
1. 1
.2
1.2
1 Current surplus
2 Net acg. of financial assets
Hortgages
3
Consuner credit
4
5
6
7
8
9
10
11
12
13
Other assets
Denand deposits * currency
Tiae deposits
Fed. fnnds + security BP’s
O.S. Treasury securities
O.S. Govt, agency secur.
State * local obligations
Open-narket paper
Hiscellaneous
23 Discrepancy
24 Heno:
Acg.of credit akt.inst.
59.6 14
44.2 15
2. 1 16
13.5
.7
.3
12.5
17
18
19
20
.2 21
-.3 22
118
516
328
-305
90
689
.1
•
-.2
-.5
-.2 23
9,302
19,102
26,025
28,338
24,942
25,906
19.5
35.1
49.0
60. 1
56.7 24
Hntnal Savings Banks
1 Current surplus
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tine deposits
5
Fed. fnnds and secarity BP’s
6
7
8
9
10
11
Corporate eguities
Credit aarket instruaents
O.S. Treasury secarities
O.S. Govt, agency secur.
State ♦ local obligations
Corporate bonds
12
13
14
15
Hortgages
Consuner credit
Connercial paper
Hiscellaneous assets
16 Net increase in liabilities
17
Deposits
Hiscellaneous liabilities
18
19 Discrepancy
-75
-205
58
-26
133
149
.5
.4
.4
.7
.9
1
596
-136
360
-1,015
4,617
-473
102
435
3,161
-10
-314
-438
4,066
-652
-12
-88
7,494
461
242
-474
3,865
-582
-331
1,436
3.8
*
.2
-.3
11.5
. 1
.1
-. 1
13.8
12.5
♦
♦
.4
*
.6
10.9
1.0
.3
*
2
3
4
5
-111
1,176
343
311
279
112
79
4, 193
1,844
1,124
-67
1,063
60
3,779
785
1,798
-146
1,121
72
4,132
772
1,641
-13
420
106
6,373
416
1,387
-67
348
53
3,198
390
295
-177
-303
.2
3.1
-.4
.2
*
.9
.2
10.7
2.2
1.7
.6
3.5
.1
12.8
1. 1
2.9
.9
2.8
.4
11.1
. 1
2.6
.4
1.2
-383
166
348
322
-216
423
22
281
182
331
-292
84
832
501
-21
614
2,516
527
1,246
786
658
1,143
1,192
91
2.2
.2
.1
.5
2.3
.2
. 1
.6
4.4
.3
.4
.4
6.5
.5
*
-3
593
1,714
-1,121
4,510
4,902
-392
2,928
2,517
411
3,762
1,959
1,803
7,005
6,427
578
3,533
3,291
242
3.4
3.1
.3
11.0
11.2
-.1
13.1
13.0
.1
11.5
11. 1
.4
10.0 16
8.6 17
1.4 18
-78
-312
-175
-330
-356
-183
.1
-. 1
-.2
-.3
-. 1 19
6
. 1
8.8 7
-.9 8
1.7 9
.5 10
. 1 11
6.5
.7
.2
.7
12
13
14
15
Credit Onions
119
114
113
110
108
106
.3
.3
.4
.5
.6
1
2 Net acg. of financial assets
Denand deposits and currency
3
4
Tine deposits
5
Savings and loan deposits
3,117
19
321
6,029
19
1,341
5,161
18
14
-119
2,234
18
12
-2,376
1,963
17
23
-284
5,716
17
25
1,723
3.3
V
.2
.4
5.8
-. 1
.5
♦
6.4
-. 1
-.2
.1
8.2
.1
.1
.8
6.9
. 1
*
-.5
2
3
4
5
Credit narket instruaents
O.S. Governaent securities
Hone aortgages
Consuaer credit
2,777
2,244
126
407
4,669
4,714
127
-172
5,248
3,550
127
1,571
4,580
1,981
128
2,471
2,207
-269
128
2,348
3,951
1,401
129
2,421
2.7
.4
. 1
2.3
5.4
1.1
.5
3.8
6.6
.6
-5
5.5
7.2
.5
.3
6.4
7.3
.1
.6
6.7
6
7
8
9
2,998
5,915
5,048
2,124
1,855
5,610
3.0
5.5
6.0
7.7
6. 4 10
1 Current surplus
6
7
8
9
10 Credit union shares
1/84 BASED ON PBELIHIHABY AND INCOHPLETE INFOBHATION
HAT 22, 1984
Saviags Institutions
Savings Institutions
23
Sector Stateaents of Saving and Investnent
SEASOBALLT ADJUSTED ANNUAL BITES
1979
1980
1981
SEASOBALLT ADJUSTED ANHUAL BATES
1982
1983
| 1982 |
1 iv 1
|
1
1983
III
II
I
IV
1984
I
Savings and Loan Associations
1
3.3
1.4
-3.7
-2.9
1.0
-.8
1.6
.6
.8
1.0
2
3
4
56.6
44.2
3.7
52.6
28.7
2.6
35.8
18.3
-.2
55.3
-23.5
3.3
117.5
44.0
7.5
65.4
-36.3
4.6
122.5
17.0
8.5
111.1
36.5
7.3
129.9
61.5
5.3
106.5
61.0
8.7
5
6
7
8
8.6
.5
-2.2
2.5
21.3
.5
2.5
-.7
17.7
1.0
-.7
4.2
75.4
1.9
7.2
.4
66.0
3.6
1.2
5.7
97.1
2.8
7.2
-6.0
97.0
5.1
4.0
20.6
67.3
3.3
3.0
-3. 1
63.1
3.3
-1.6
5.0
36.8
2.7
-.5
.4
61.4
2. 1
.4
6.1
Other assets
Deaand deposits ♦ currency
Tine deposits
Fed. funds ♦ security BP’s
5
6
7
9
10
11
12
13
-2.9
3.9
-.1
.7
6.3
5.7
6.1
7.5
29.8
-.5
2.7
26.4
15.5
27.8
22.5
38. 1
-.5
3.1
30.0
19.9
38.6
36. 1
24.1
2.5
35.7
3.3
13.0
19.8
21.3
4
4
4
4
4
1.5
3.7
-3.5
6.6
.1
1.2
8.8
1.0
7.6
1.4
2.6
5.8
12.4
6.3
11.4
-5.0
16.7
U.S. Treasury securities
U.S. Govt, agency secur.
State ♦ local obligations
Open-narket paper
Hiscellaneous
9
10
11
12
13
14
15
16
53.0
39.1
.5
51.9
41.8
2.1
40.8
20.0
3.0
59.6
45.5
3.8
117.2
103.0
10.9
67.5
67. 1
122.2
135.2
-.7
111.7
98. 1
15.3
127.9
115.2
8.8
106.8
63.7
20.2
17
18
19
20
12.6
1.4
2.0
9.2
7.4
.4
-.1
7.1
15.5
-.5
-.2
16.2
-3.0
-4.2
-.5
-14.4
-10.7
.1
.6
-11.4
-2.5
4
2.8
-7.0
-12. 1
-.3
-5.9
-6.0
-14.9
4
-3.8
.8
5.9
-8.4
11.3
5.3
6.0
21
22
-.2
1.1
-.3
.9
-.3
2.6
4
13.3
4
4
7.4
12.6
-.1
2.6
9. 1
-.1
6.4
11.6
4
4
3.6
8.5
4
4
4
4
4
23
-.3
.7
1.2
1.4
.6
1.3
1.2
1.2
-1.2
1.3
24
49.4
46.6
22.6
19.4
98.4
31.6
85.2
105.3
110.7
92.4
.8 Current surplus
138.2 Net acg. of financial assets
69.2
Hortgages
Consuner credit
7.6
139.3 Net increase in liabilities
112.4
Deposits
Security BP’s
15.0
1
2
3
4
14
15
16
3.8
4.5
Credit narket instrunents
Corporate bonds
Bank loans n.e.c.
Fed. hoae loan bank loans
17
18
19
20
-.1
3.6
Profit taxes payable
Hiscellaneous liabilities
21
22
8.3
4
1.8 Discrepancy
112.9 Heno:
23
Acg.of credit nkt.inst. 24
Hutual Savings Banks
1
.7
-.4
-1.2
-.9
4
-.3
-.8
.2
-.1
.5
2
3
4
5
5.2
-.3
-.3
.9
8.2
1.1
4.2
1.2
-. 1
1.5
4.4
.1
1.4
19.3
-.7
-.6
15.9
-.4
.4
-1.9
13.6
.5
-1.3
-1.8
16.5
-3.2
4
3.9
-2. 1
1.4
-.9
.5
31.4
.4
1-0
1.0
13.0 Net acg. of financial assets
-.8
Denand deposits and currency
-1.3
Tiae deposits
2.3
Fed. funds and security BP’s
6
7
8
9
10
11
-.1
4.4
-.2
1.3
-.4
-1.1
5.9
.8
2.5
-.5
.7
-.6
.9
-.2
1.2
-.1
-1.0
-.5
.6
.7
1.2
.2
-1. 1
.3
18.5
3.8
6.0
-.3
3.0
-.4
4.2
2.0
.3
1. 1
.4
.3
15.8
5.9
5. 1
-.3
4.3
.2
16.7
3.4
7.9
-.6
4.5
.3
16.5
3.7
6.4
-.1
1.7
.4
24.9
2.2
4.4
-.3
1.4
.2
11.5
-. 1
2.0
-.7
-1.2
12
13
14
15
3.6
.1
1.1
.5
.6
.4
1.5
1.0
-.4
4
1.5
1.2
-2.6
.6
1.6
2. 7
3.3
1.8
1.0
1.8
-2.3
.7
2.0
1.7
-.2
1.7
-.7
1.7
1.3
1.3
-1.0
-.7
2.8
2.0
-.1
2.5
9.3
2.1
5.7
3.6
3.2
4.6
3.8
1- 1
16
17
18
4.6
3.4
1.2
8.3
7.5
.8
5.5
3.0
2.6
5.0
5.3
-.3
18.2
15.8
2.4
3.6
4.8
-1.2
16.4
19.4
-2.9
12.5
10.9
1.6
14.6
9.8
4.8
29.3
23. 1
6.1
19
4
-.2
.2
-.2
-1.2
-.6
-.2
-.8
-2.0
-1.6
4
.6
-.5
4
4
.6 Current surplus
1
2
3
4
5
Corporate eguities
Credit narket instrunents
U.S. Treasury securities
U.S. Govt, agency secur.
State * local obligations
Corporate bonds
6
7
8
9
10
11
Hortgages
Consuner credit
Coaaercial paper
Hiscellaneous assets
12
13
14
15
12.7 Net increase in liabilities
Deposits
13.2
-.5
Hiscellaneous liabilities
.3 Discrepancy
16
17
18
19
Credit Unions
1
.3
.2
.4
.5
.4
.5
.5
.5
.4
.4
2
3
4
5
4.8
.2
8.5
.1
2.1
3.9
3.5
.1
-.7
.4
11.7
.1
1. 1
15.4
.1
21.0
.1
.7
19.6
.1
.1
-1.6
13.9
.1
-1.4
12.4
.1
.2
-2.0
7.1
.1
.1
-2.8
19.4 Net acg. of financial assets
.1
Denand deposits and currency
.1
Tine deposits
1.7
Savings and loan deposits
2
3
4
5
6
7
8
9
2.8
.6
2.2
2.4
4.3
.5
-2.5
3.7
1.2
.5
1.9
10.6
8.8
.5
1.3
16.7
10.0
.5
6.2
12. 1
9.0
.5
2.6
20.2
18.9
.5
.9
21.0
14.2
.5
6.3
15.8
7.9
.5
7.3
9.8
-1. 1
.5
10.4
17.6
5.6
.5
11.4
6
7
8
9
10
4.4
8.3
3.1
11.2
14.9
12.0
20.5
19.1
13.4
6.7
4
1.8
4
BILLIONS OF DOLLABS.
4
1/84 BASED OB INCOHPLETE INFOBHATION.
4
.4 Current surplus
Credit narket instruaents
U.S. Governnent securities
Bone aortgages
Consuner credit
19.0 Credit union shares
1
10
HAY 22, 1984
Insurance and Pension Funds
Insurance and Pension Funds
Sector Statements of Saving and Investaent
UNADJUSTED liET FLOWS(S HILL)
UNADJUSTED MET FLOWS (J HILL)
1982 I
IV
I
1983
II
1
III
IV
|
I
1984
I
1974
BILLIONS OF IDOLLABS
1975
1977
1976
1978
life :Insurance Coapanies
1,662
1,220
1,863
1,202
1,920
997
2,054
889
2,143
1,407
2,254
1,256
3.1
1.6
2.5
2.3
2.8
2.0
3.6
1.9
4.3
2.2
1
2
3 Met acg. of financial assets
4
Deaand deposits and currency
14,819
740
17,393
-1,290
16,652
336
15,839
-236
15,007
1,465
15,073
-987
16.6
-.1
20.4
-. 1
28.2
.1
31.2
. 1
35.7
.2
3
4
Corporate eguities
Credit aarket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
200
11,827
4,841
3,623
1,218
2,291
14,353
3,311
2,708
603
1,567
12,714
2,810
1,904
906
496
13,526
3,790
1,993
1,797
135
11,364
6,690
3,230
3,460
1,500
12,504
4,736
2,136
2,600
2.3
12.9
.1
-.1
.2
1.9
16.9
1.7
1.4
.4
3.0
23.7
1. 5
.6
.9
1.2
27.5
1.6
-. 1
1.7
-. 1
33. 1
2.0
-.5
2.5
5
6
7
8
9
538
5,032
1,515
-640
541
2,052
417
5,502
1,112
3,440
571
2,039
891
6,025
1,694
912
382
2,035
384
4,358
2,631
2,112
251
2,053
57
1,274
4,243
-1,253
353
2,043
-746
3,498
280
4,554
182
2,056
.3
4.0
4.9
1.1
2.7
1.4
.8
9. 1
2.9
.7
1.6
1.7
1. 1
16.9
2.4
.4
1.4
1.5
.5
18.8
5-2
-.3
1.7
2.5
.4
17.3
9.4
1.5
2.6
2.4
10
11
12
13
14
15
15,256
3,687
9,833
3
1,733
16,567
4,119
10,705
-3
1,746
15,339
3,814
9,779
-5
1,751
14,584
3,865
8,963
-24
1,780
14,109
3,933
8,416
-26
1,786
13,992
4,224
8,000
-25
1,793
15.6
6.6
6.4
*
2.6
19.8
8.5
8. 1
-. 1
3.3
27.6
8.2
15.3
3.9
31.1
11.3
14.9
.4
4.6
35.1
11.7
18.3
.3
4.8
16
17
18
19
20
879
-165
-390
-90
-162
-83
.5
-.4
.2
1.5
1 Current surplus
2 Physical investaent
5
6
7
8
9
10
11
12
13
14
15
State ♦ local obligations
Corporate bonds
Hortgages
Open-aarket paper
Policy loans
Hiscellaneous assets
16 Met increase in liabilities
17
Life insurance reserves
18
Pension fund reserves
19
Profit taxes payable
Hiscellaneous liabilities
20
21 Discrepancy
. 1
1.6 21
Private Pension Funds
1 Met acg. of financial assets
2
Deaand deposits and currency
Tiae deposits
3
4
5
6
7
8
9
10
11
Corporate eguities
Credit aarket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
Corporate bonds
Hortgages
Hiscellaneous assets
7,417
23
-1,000
8,843
23
-1,000
7,696
23
-1,436
8,120
23
-91
8,169
23
215
9,682
23
285
10.7
«
2.7
11.8
. 1
-1.3
11.2
.1
-. 1
18.7
.1
2.5
15.9
. 1
5.5
1
2
3
5,738
2,556
1,505
484
1,021
5,701
4,019
2,936
1,452
1,484
4,571
4,438
2,916
2,220
696
2,349
5,739
4,841
3,357
1,484
2,795
5,036
4,395
3,224
1,171
2,338
6,936
6,662
4,372
2,290
2.3
5.6
1.1
-.2
1.3
5.8
7.0
5.2
4.5
.7
7.3
3.6
3.9
3.7
.3
4.5
12.2
5.4
4.8
.6
1.9
8.3
2. 1
1.6
.5
4
5
6
7
8
840
211
100
755
328
100
1,282
240
100
648
250
100
341
300
100
102
172
100
4.5
•
.1
1.8
*
.2
-.3
.2
6.6
. 1
-.5
♦
5.9 9
.3 10
. 1 11
State and Local Governaent Eaployee Betireaent Funds
1 Bet acg. of financial assets
2
Deaand deposits and currency
10,324
107
12,012
632
11,486
-138
6,975
37
11,714
1,207
12,241
504
9.7
.5
11.3
-.4
12.9
V
15.9
.3
20.7
1.0
1
2
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
4,528
5,689
3,815
-164
3,979
4,512
6,868
4,670
3,701
969
2,877
8,747
5,931
2,134
3,797
5,744
1,194
2,696
2,587
109
5,732
4,775
4,582
2,664
1,918
4,988
6,749
6,553
4,082
2,471
2.6
6.7
.3
-.9
1.2
2.4
9.3
1.6
1.0
.7
3. 1
9.8
3. 1
1.5
1.6
3.7
11.9
5.5
2.7
2.7
2.6
17. 0
7. 1
2.7
4.4
3
4
5
6
7
State ♦ local obligations
Corporate bonds
Hortgages
-258
2,027
105
-607
2,641
164
219
2,481
116
-72
-1,490
60
-566
250
509
-262
304
154
-.7
6.5
.6
1.0
6.8
-.2
1.4
5.1
.2
.2
6.0
.3
3
4
5
6
7
8
9
10
.4 8
9.0 9
.5 10
ether Insurance Coapanies
712
818
814
838
672
709
*
-.7
.9
4.6
4.6
1
2 Net acg. of financial assets
3
Deaand deposits and currency
4,047
1,486
4,652
750
3,351
506
4,607
419
4,273
-28
4,750
-72
4.7
.1
7.3
. 1
14.9
.2
20.2
.3
20.4
.4
2
3
Corporate eguities
Credit aarket instruaents
O.S. Governaent securities
Treasary issues
Agency issues
707
1,337
938
327
611
718
2,673
2,200
1,299
901
731
1,613
1,197
450
747
741
2,950
2,620
2,158
462
754
3,059
2,838
2,103
735
765
3,575
3,426
2,597
829
-.5
4.6
.4
*
.4
-.7
7.3
2.5
1.9
.6
.9
12.5
3. 1
2.6
.6
1.2
17.5
3.0
2.5
.5
2. 0
16.5
1.2
.7
.5
4
5
6
7
8
455
-118
62
517
422
-12
63
511
379
-25
62
501
256
11
63
497
196
-38
63
488
95
-9
63
482
2.2
2.0
♦
.5
2.6
2.2
. 1
.6
5.4
3.9
.1
1.2
10.7
3.7
. 1
1.3
13.5 9
1.8 10
♦ 11
1.5 12
3,434
761
2,673
3,481
761
-1
2,721
3,542
778
-2
2,766
3,502
769
-8
2,741
3,572
783
-7
2,796
3,561
781
-7
2,787
5.8
.9
*
4.9
7.2
1.0
6.2
11.3
.9
.1
10.3
14. 1
1.4
.1
12.6
15.0
.8
. 1
14. 1
99
-353
1,005
-267
-29
-480
1.1
-.9
-2.8
-1.5
1 Current surplus
4
5
6
7
8
9
10
11
12
State ♦ local obligations
Corporate bonds
Coaaercial aortgages
Trade credit
13 Net increase in liabilities
14
Corporate eguity issues
15
Profit taxes payable
16
Policy payables
17 Discrepancy
1/84 BASED ON PREIIHIHABT AMD IHCOHPLETE INFOBHATION
♦
13
14
15
16
-.7 17
HAY 22, 1984
Insurance and Pension Funds
Insurance and Pension Funds
2<
Sector Statenents of Saving and Investaent
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL BATES
1982
1983
| 1982 1
| IV |
1983
I
II
III
IV
|
|
1984
I
Life Insurance Conpanies
1
2
4.9
3.0
6.3
3.9
7.7
5.3
6.9
4.6
8.0
4.5
6.6
4.9
7.5
4.8
7.7
4.0
8.2
3.6
8.6
5.6
3
4
37.8
.3
37.4
.5
45.9
1. 1
55.3
.3
64.9
.3
62. 1
-.6
69.5
1.6
64.8
-.4
62.5
-2.5
62.7
2.4
60. 1 Net acg. of financial assets
3.3
Denand deposits and currency
3
4
5
6
7
8
9
.6
33.4
2.9
.1
2.8
.5
32.8
2.7
1.0
1.8
2.9
34.7
5.5
2.3
3. 1
3.4
43.4
12.7
8.4
4.3
4.5
52.0
16.6
9.8
6.8
.8
53.7
18. 1
13.3
4.9
9.2
50.6
11.2
8.8
2.4
6.3
50.8
13.9
10-2
3.6
2.0
54.9
16.2
9.0
7.2
.5
51.6
25. 1
11.3
13.8
6.0
42.6
16.7
6.3
10.4
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
5
6
7
8
9
10
11
12
13
14
15
*
11.6
12.6
1.6
4.7
3.5
.3
8.7
12.3
2.2
6.6
3.6
.5
7.3
6.7
7.4
7.3
7.3
1.9
16.2
4.2
4.2
4.3
8. 1
1.7
17.2
9.7
5.2
1.6
8.2
2. 1
23.4
3.8
4. 1
2.2
8.2
1.5
18.8
5.1
11.7
2.3
8.2
3.5
20.5
7.2
4.2
1.5
8.1
1.8
20.6
11.4
3.9
1.0
8.2
.2
8.8
15.0
1.0
1.4
8.2
-3.2
10.4
1.5
16.4
.7
8.2
State ♦ local obligations
Corporate bonds
Mortgages
Open-aarket paper
Policy loans
Hiscellaneous assets
10
11
12
13
14
15
16
17
18
19
20
35.1
12.3
17.5
*
5.3
35.5
11.4
20.6
-.4
3.8
46. 1
9.9
28.6
-.5
8.2
53.7
13.9
32.7
*
7.0
60.6
15.7
37.9
-.1
7.1
61.0
14.7
39.3
*
6.9
66.3
16.5
42.8
*
7.0
61.4
15.3
39. 1
*
7.0
58.3
15.5
35.9
-.1
7.1
56.4
15.7
33.7
-. 1
7.1
56.0 Net increase in liabilities
16.9
Life insurance reserves
32.0
Pension fund reserves
-.1
Profit taxes payable
Hiscellaneous liabilities
7.2
21
-.7
.5
2.6
.7
-.8
.7
-.6
.3
.5
-3.4
9.0 Current surplus
5.0 Physical investnent
-.1 Discrepancy
1
2
16
17
18
19
20
21
Private Pension Funds
1
2
3
14.0
.1
-1.4
22.3
.1
1.4
22.4
.1
1.8
26.6
.1
-2.8
32.8
.1
-2.3
30.8
.1
-4.0
32.8
.1
-4.0
31.2
.1
-5.7
33.3
.1
-.4
34.1
.1
.9
35.6 Net acg. of financial assets
Deaand deposits and currency
.1
Tiae deposits
1. 1
1
2
3
4
5
6
7
8
6.1
8.8
2.8
1.9
.8
9.6
10.8
5.8
4.7
1.2
7.3
12.8
9. 1
6.5
2.6
11.5
17.4
13.6
8.2
5.3
15.4
19.2
15.1
10.3
4.8
21. 1
13.2
9.0
3.6
5.4
22.4
13.9
9.3
4.2
5.1
18.1
18.3
12.6
9.6
3.0
12.0
21.2
17.5
12.5
5.0
9.2
23.5
21.0
14.7
6.3
8.4
25.5
24.2
15.9
8.3
4
5
6
7
8
9
10
11
5.7
.3
.4
4.4
.6
.4
3.6
.1
.4
3.5
.4
.4
3.0
1.1
.4
3.4
.8
.4
3.0
1.5
.4
5.1
.6
.4
2.6
1.1
.4
1.4
1.2
.4
•4
1.0
.4
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
Corporate bonds
Hortgages
Hiscellaneous assets
9
10
11
State and Local Governnent Eaployee Betireaent Funds
1
2
16.2
1.3
26.5
.3
31.0
.2
35.2
1.0
42.2
1.7
41.3
.4
48.0
2.5
45.9
-.6
27.9
.1
46.9
4.8
49.0 Met acg. of financial assets
Deaand deposits and currency
2.0
1
2
3
4
5
6
7
4.1
10.8
6.6
5.3
1.4
5.3
20.9
9.9
6.2
3.7
8.3
22.5
10.7
6.6
4.1
7.7
26.5
18.3
7.4
11.0
18.9
21.6
17.9
11.1
6.8
18. 1
22.8
15.3
-.7
15.9
18.0
27.5
18.7
14.8
3.9
11.5
35.0
23.7
8.5
15.2
23.0
4.8
10.8
10.3
,4
22.9
19.1
18.3
10.7
7.7
20.0
27.0
26.2
16.3
9.9
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
3
4
5
6
7
8
9
10
*
3.2
1.0
.1
9.5
1.3
-.2
10.2
1.8
-.5
7.4
1.3
-1.0
3.9
.8
-1.0
8. 1
.4
-2.4
10.6
.7
.9
9.9
.5
-.3
-6.0
.2
-2.3
1.0
2.0
-1.0
1.2
.6
State + local obligations
Corporate bonds
Hortgages
8
9
10
Other Insurance Coapanies
1
4.3
5.8
4. 1
2.8
3.1
2.8
3.3
3.3
3.4
2.7
2
3
18.8
.3
15.0
.1
14.1
.1
15.6
3.9
16.9
1.6
16.0
5.9
16.8
3.0
16.8
2.0
16.8
1.7
17.1
-. 1
16.9 Net acg. of financial assets
-.3
Deaand deposits and currency
2
3
4
5
6
7
8
3.2
13.4
1.3
.2
1.1
3.1
9.9
1.8
1.6
.2
2.0
9.4
2.2
1.4
.8
2.7
6.9
4.0
1.5
2.5
2.9
10.3
8.9
6.0
2.8
2.8
5.2
3.6
1.2
2.4
2.9
8.9
7.0
3.4
3.6
2.9
9.9
8.2
5.2
3.0
3.0
10.2
8.8
7.0
1.8
3.0
12.3
11.4
8.5
2.9
3.1
12.2
11.6
8.3
3.3
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
4
5
6
7
8
9
10
11
12
9.9
2.0
.3
1.9
7.7
•
.3
2.0
4.0
2.8
.4
2.6
3.0
-.5
.3
2. 1
1.3
-.1
-3
2.0
1.8
-.5
.2
2. 1
1.7
*
.3
2.0
1.5
-. 1
.2
2.0
1.0
*
.3
2.0
.8
-.2
.3
2.0
.4
•
.3
1.9
13
14
15
16
15.6
.9
•
14.7
13.4
1.2
-.2
12.4
11.8
1. 1
-.2
10.8
13.4
2.8
•
10.6
14.1
3.1
•
11.0
13.7
3.0
«
10.7
13.9
3.0
•
10.9
14.2
3.1
*
11. 1
14.0
3.1
*
11,0
14.3
3.1
♦
11.2
17
1.1
4.2
1.8
.6
.4
.6
.4
.6
.6
-.2
BILLIONS OF DOLLABS.
1/84 BASED ON INCOHPLETE INFOBHATION.
2.8 Current surplus
State ♦ local obligations
Corporate bonds
Coaaercial aortgages
Trade credit
14.2 Net increase in liabilities
Corporate eguity issues
3.1
*
Profit taxes payable
11,1
Policy payables
.2 Discrepancy
1
9
10
11
12
13
14
15
16
17
MAY 22, 1984
Finance N.E.C.
Finance N.E.C.
26
Sector Stateaents of Saving and Investaent
UNADJUSTED NET FLOWS($ HILL)
UNADJUSTED NET FLOWS($ HILL)
1982 |
IT
i
1 Current surplus cf group
-1,195
1983
II
I
-1,387
-643
III
IT
-1,496
-1,312
7 Net increase in liabilities
Credit aarket instruaents
8
9
Corporate bonds
10
Bank loans n.e.c.
Open-aarket
paper
11
12
13
14
Profit taxes payable
Inv. by parent coapanies
Other aisc. liabilities
1984
I
1974
-2,518
-.7
Finance Coapanies
__________ __________ ___________
1 Net acg. of financial assets
Deaand deposits and currency
2
Credit aarket instruaents
3
Mortgages
4
5
Consuaer credit
Other loans (to business)
6
|
|
BILLIOHS OF DOLLABS
1975
1976
1977
-1.3
-.8
-2.2
1978
-.9
1
______ __ _ ________ ________ ____________
1,893
24
1,869
425
2,946
-1,502
920
23
897
225
-856
1,528
5,625
22
5,603
350
2,101
3,152
3,740
21
3,719
375
1,130
2,214
13,633
20
13,613
400
3,244
9,96 9
4,621
19
4,602
172
-2,600
7,030
5.1
.2
4.9
-1.9
1.9
4.8
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
1
2
3
4
5
6
751
635
1,214
3,491
-4,070
835
-531
1,622
-1,664
-489
7,892
6,450
3,581
-1,469
4,338
2,308
1,295
3, 179
-2,881
997
11,999
10,458
3,744
1,964
4,750
4,786
3,599
358
-2,713
5,954
6.6
6.0
1.8
.7
3.6
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
23.5 7
8
18. 1
6.4 9
3.9 10
7.8 11
-4
104
16
-2
1,280
88
-1
1,232
211
-3
797
219
-2
1,206
337
2
811
374
.7
-.1
3.4
1.2
6.4
2. 1
- 1
-.5
7. 1
. 1 12
2.7 13
2.6 14
Beal Estate Investaent Trusts
1 Physical investaent
2 Net acg. of financial assets
Mortgages
3
4
Miscellaneous assets
5 Net increase in liabilities
6
Corporate eguity issaes
7
Credit aarket instruaents
8
Mortgages
9
Corporate bonds
10
Bank loans n.e.c.
11
Open-aarket paper
12
Hiscellaneous liabilities
-
66
66
66
66
66
66
1. 1
3-0
1.6
.2
48
-73
121
49
49
49
-75
124
49
-75
124
49
-100
149
49
71
-22
.5
.2
.4
-3.6
-4.8
1.2
-4. 1
-3.8
-.3
-3.2
-2-4
-.8
-1.4
-1. 1
-.3
184
171
13
29
-5
20
-31
174
132
42
6
3
50
-17
179
138
41
6
3
49
-17
173
131
42
6
3
50
-17
172
130
42
7
3
49
-17
169
127
42
7
2
50
-17
1.4
-.9
1.5
.2
.2
4.4
-3.3
*
-1. 1
-. 1
.4
-.6
. 1
-2.0
-.3
-1.9
.4
-.2
-1.9
-.3
-2.4
.6
-2.5
-1.0 5
.6 6
-1.4 7
. 1 8
-.2 9
-1.4 10
. 1 11
-
-
-
-
.8
1.3
.2
-.5
♦
-. 1
-2.4
*
1
-. 1
2
3
4
12
Open-End Investaent Coapanies (Butual Funds)
-684
-1,389
-677
- 1,404
-1,799
-2,850
-.9
-. 1
-. 1
-.7
-.8
1
2 Net acg. of financial assets
3
Deaand deposits and currency
5,138
197
10,571
204
6.852
250
5,041
69
6,399
38
10,468
16
.1
-.2
—.4
. 1
-2.5
.1
.2
*
-.9
*
2
3
4
5
6
7
8
9
1,876
3,065
493
2,942
-70
-300
3,012
7,355
-127
5,817
647
1,018
4,319
2,283
1,062
-43
906
358
3,760
1,212
-435
1,608
192
-153
2,571
3,790
92
2,939
980
-221
1,801
8.651
21
6,168
982
1,480
-.4
-7
.4
.6
-.4
-.9
.5
.7
-.2
-2.4
-.2
*
.5
.3
-1. 1
-3.7
3.9
.2
1.6
1.1
1.1
-1.6
.8
-.2
-5
-.7
1. 1
4
5
6
7
8
9
5,822
11,960
7,529
6,445
8,198
13,318
.9
-.3
-2.4
.9
-. 1 10
*
1 Current surplus
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
State + local obligations
Corporate bonds
Open-aarket paper
10 Net share issues
♦
Money Harket Hutual Funds
1 Net acg. of financial assets
-17,013 -26,296 -15,680
-467
-799
-138
2
Demand deposits and currency
3
Tine deposits
-9,752 -10,467 -4,265
4
-2,682 -2,986 -1,188
Security BP*s
462
5
Foreign deposits
940 -4,577
-1,625
-281
-1,553
2,749
246
-457
665
-467
-1,770
2,02 1
8, 187
-274
-3,832
4,557
1,876
2.4
1.6
.1
-
1.3
*
-.7
*
.2
*
.3
.1
*
6.9
♦
.5
. 1
-
2.7
. 1
.5
1
2
3
4
5
-7,266 -10,769
14 -15,262
-7.280
4,493
218
-201
-2,809
-5,274
2,465
23
-511
2,118
-2,629
-395
5,457
-1,092
6,549
403
.8
.1
.6
-. 1
.7
.8
-. 1
*
.6
.2
.4
*
-.1
-.3
.1
-.1
3.2
.6
2.6
.5
6
7
8
9
-17,013 -26,296 -15,680
-1,625
-457
6,187
2.4
1.3
*
.2
6
7
8
9
Credit aarket instruaents
U.S. Governaent securities
Open-aarket paper
Hiscellaneous
10 Net share issues
-4,427
1,260
-5,687
-625
♦
6.9 10
Security Brokers and Dealers
1 Net acg. of financial assets
2
Deaand deposits and currency
3
4
5
6
7
8
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
State * local obligations
Corporate bonds
Security credit
9 Net increase in liabilities
10
Security credit
11
Froa banks
12
Custoner credit balances
13
Profit taxes payable
5,599
323
-2,269
168
4,000
41
-2,093
-128
5,51 1
-259
-1,109
-416
-3.0
-. 1
3.2
*
8.4
.2
.9
*
.2
-2
1
2
1,228
-196
-1,265
-159
1,228
4,244
-334
-4,333
-4,252
253
-334
2,230
2,558
-5,644
-8,002
-200
2,558
7,045
-1,833
-2,536
-1,003
300
-1,833
2,404
-772
56
828
-772
6,486
-1,654
1,447
3,001
100
-1,654
-486
-.6
-.8
.2
-.4
-.6
-1.6
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
3
4
5
6
7
8
5,258
5,175
3,240
1,935
-2,369
-2,425
-3,226
801
3,900
3,872
2,876
996
-2,193
-2,241
-2,572
331
5,501
5,424
4,263
1,161
-1,130
-1,151
-1,477
326
-3.0
-2.9
-1.9
-1.0
2.9
2.9
2.2
.6
8.0
7.9
6.5
1.5
.8
.9
1.9
-1.0
* 9
♦ 10
-2.4 11
2.5 12
83
56
28
48
77
21
-. 1
♦
. 1
-.1
13
1/84 BASED ON PBELIHINABI AND INCOHPLETE INFOBHATION
HAY 22, 1984
Finance N.E.C.
Finance N.E.C.
Sector Stateaents of Saving and Investnent
SEASOHALLI ADJOSTED AHNUAL BATES
SEASOHALLI ADJUSTED AHHOAL BATES
1
1979
1980
1981
1982
-2.5
-4.2
-4.4
-4.4
|
I
-4. 1
-4.8
|
I
1983
1982 J
II
I
II
III
II
1984
I
-3.3
-4.2
-6.6
-5.2
-7.5 Current surplus of group
1
1
2
3
4
5
6
Finance Conpanies
1
2
3
4
5
6
27.3
.2
27.1
.8
16.2
10.1
13.9
.1
13.8
.6
9.8
3.4
26.2
.1
26.1
2.9
13.7
9.5
4.7
. 1
4.6
1. 1
4.9
-1.4
23.9
.1
23.8
1.4
5.6
16.9
-6.8
. 1
-6.9
2.7
6.9
-16.5
19.8
.1
19.7
-.3
8.0
12.0
16. 1
.1
16.0
1.0
7.1
8.0
23.7
.1
23.6
2.0
4. 1
17.5
36.0
35.9
2.7
3.3
30.0
36.1 Net acg. of financial assets
Denand deposits and currency
.1
Credit aarket instrunents
36. 1
Hortgages
-.9
Consuner credit
1.6
Other loans (to business)
35.4
7
8
9
10
11
26.6
16.6
4.3
-1.0
13.3
14.0
6.3
5.4
1.4
-.5
25.5
14.1
-.8
1.0
13.9
7. 1
4.9
1.2
6.9
-3.3
23.0
17.7
12.1
-4. 1
9.6
-5.2
-5.6
3.0
6.9
-15.5
18.9
13.5
9.3
-4.1
8.3
19.6
13.8
13.2
-5.7
6.3
17.6
13.6
13.9
-4.8
4.5
36.0
29.8
12. 1
-1.6
19.3
36.1 Bet increase in liabilities
Credit narket instrunents
31.4
Corporate bonds
4.8
Bank loans n.e.c.
-9.1
Open-aarket paper
35.6
12
13
14
-.1
5.5
4.6
-.2
4.4
3.5
-.2
7.9
3.6
*
1-0
1.2
♦
4.5
.9
*
.4
. 1
•
5. 1
.4
*
4.9
.8
*
3.2
.9
4.8
1.3
-1
3.2
1.5
Profit taxes payable
Inv. by parent conpanies
Other nisc. liabilities
7
8
9
10
11
12
13
14
Beal Estate Investnent Trusts
.3
.3
.3
.3
.3
.3
.3
2
3
4
-.6
-1.0
.3
-1.7
-.7
-1.0
-.7
-1. 1
.4
.2
-.7
.9
.2
-.3
.4
.2
-.3
.5
.2
.2
.2
-.3
.5
.2
-.3
.5
-2
-.4
.6
5
6
7
8
9
10
11
-.3
.9
-1.3
-.5
-.7
.2
-.5
-.7
1.5
*
-7
.7
-1
.1
*
.1
-. 1
.7
.5
.2
*
.7
.7
♦
♦
.2
-. 1
-. 1
.7
.5
.2
*
*
.2
-.1
.7
.6
.2
*
*
.2
-. 1
.7
.5
.2
*
*
.2
-. 1
.7
.5
.2
*
*
-1.4
.1
-1.5
.6
-2.2
-.1
-.2
-1.7
-.2
.2
-. 1
12
*
. 1
♦
-
-
-
-
-
-
-
1
-
-
♦
-
♦
.3 Physical investnent
.2 Het acg. of financial assets
Hortgages
.3
Hiscellaneous assets
-.1
.7 Het increase in liabilities
Corporate eguity issues
.5
Credit narket instrunents
.2
*
Hortgages
*
Corporate bonds
Bank loaas n.e.c.
.2
Open-aarket paper
-.1
-
Hiscellaneous liabilities
1
2
3
4
5
6
7
8
9
10
11
12
Open-End Investnent Conpanies (Hntual Funds)
1
-.9
-2.0
-2.2
-2.1
-5.3
-2.0
-3.3
-4.4
-7.0
-6.4
-8.9 Current surplus
1
2
3
-.8
.1
3.1
.1
4.7
16.5
.3
28.9
.6
19.8
.8
40.7
.8
29.5
1.0
20.3
.3
24.9
.2
39.9 Het acg. of financial assets
.1
Deaand deposits and currency
2
3
4
5
6
7
8
9
-2.8
1.9
*
1.4
.8
-.2
-1.8
4.8
.3
2.0
1.3
1.2
-.6
5.3
.9
2.9
1.6
1
3.5
12.7
2.3
10.9
.2
-.6
13.7
14.6
.6
10.3
2.7
1.0
6.7
12.3
2.0
11.8
-.3
-1.2
10.5
29.4
-.5
23.3
2.6
4. 1
19.4
9.1
4.2
-.2
3.6
1.4
15.2
4.8
-1.7
6.4
.8
-.6
9.6
15.2
.4
11.8
3.9
-.9
5.2
34.6
.1
24.7
3.9
5.9
Corporate eguities
Credit narket instrunents
U.S. Governnent securities
State * local obligations
Corporate bonds
Open-aarket paper
4
5
6
7
8
9
10
.1
5.2
6.8
18.6
34. 1
21.8
44.0
33.9
27.3
31.3
48.8 Het share issues
10
Honey Harket Mutual Funds
32.7 Net acg. of financial assets
Deaand deposits and currency
-1. 1
Tiae deposits
-15.3
Security BP’s
18.2
Foreign deposits
7.5
1
2
3
4
5
Credit aarket instrunents
O.S. Governnent securities
Open-aarket paper
Hiscellaneous
6
7
8
9
1
2
3
4
5
34.4
7.5
2.1
4.6
29.2
.1
9.0
3.2
1.7
107.5
-.7
22.8
8.9
12. 1
24.7
.8
-3. 1
1.7
4.9
-44.1
-.6
-16.8
-3.2
-1.8
-68. 1
-1.9
-39.0
-10.7
3.8
-105.2
-3.2
-41.9
-11.9
-18.3
-62.7
-.6
-17. 1
-4.8
1.8
-6.5
-1.1
-6.2
11.0
1.0
-1.8
2.7
-1.9
-7. 1
8. 1
6
7
8
9
19.8
4.2
15.6
.4
14.9
2.6
12.3
.4
62.5
23.7
38.8
1.9
21.4
22.7
-1.3
-1. 1
-21.4
-18.4
-3.0
-.4
-17.7
5.0
-22.7
-2.5
-29.1
.1
-29.1
-.8
-43.1
-61.0
18.0
.9
-11.2
-21.1
9.9
.1
-2.0
8.5
-10.5
-1.6
10
34.4
29.2
107. 5
24.7
-44. 1
-68. 1
-105.2
-62.7
-6.5
-1.8
32-7 Net share issues
13.6 Net acg. of financial assets
Denand deposits and currency
-1.7
1
2
Corporate eguities
Credit aarket instrunents
U.S. Governnent securities
State * local obligations
Corporate bonds
Security credit
3
4
5
6
7
8
♦
21.8
-4.4
26.2
1.6
10
Security Brokers and Dealers
1
2
1.2
.9
7.0
.5
2.9
*
4.3
1.6
5.1
-.2
9.3
1.3
7.7
.7
11.4
.2
-6.2
-.5
7.6
-1.0
3
4
5
6
7
8
-1.5
.6
1.9
-2
-1.5
1.1
.7
-.7
-1.4
.7
6.5
2.8
2.4
-.6
.2
2.8
-2.3
-.4
-.1
.4
-.2
-.4
3.2
-.4
-12.5
-12.4
.4
-.4
18.2
-1.6
-7.3
-5. 1
-.6
-1.6
17.0
7.1
-8.9
-17.0
1.0
7.1
8.9
8.0
-24.9
-32.0
-.8
7.9
28.2
-6.2
-9.0
-4.0
1.2
-6.2
9.6
-10.3
-7.0
3.3
-10.3
25.9
9
10
11
12
1.2
1.1
-.8
1.8
6.2
6.0
.8
5.2
2.5
2.5
4.6
-2. 1
3.4
3-2
-.1
3.3
4.8
4.6
1.3
3.3
8.0
7.7
*
7.7
7.3
7. 1
3.9
3.2
11.0
10.9
6.9
4.0
-6.6
-6.8
-8. 1
1.3
7.6
7.4
2.7
4.6
13
.1
.2
*
.2
.2
.2
.3
.2
.2
.2
BILLIOHS OF DOLLARS.
1/84 BASED OM INCOHPLETE IHFORHATIOH.
2.4
14.8
12.0
.4
2.4
-1.9
13.5 Het increase in liabilities
Security credit
13.3
12.0
Fron banks
Customer credit balances
1.3
9
10
11
12
Profit taxes payable
13
.1
HAY 22, 198<*
Honetary and Insurance Reserves
Honetary and Insurance Reserves
Foreign Exchange, Treasury Currency, Insurance Reserves, and Interbank Claims
28
UHADJOSTED HET FLOWS($ HILL)
UMADJUSTED BET FLOBS($ HILL)
1982 |
IV
|
1983
II
I
III
IV
1|
1|
1984
I
1974
BILLIONS OF DOLLARS
1975
1976
1977
1978
Gold and Official Foreign Exchange Holdings (1)
1 Total O.S. reserves
2 O.S. gold stock and SDR's
3
O.S. Govt.:
Ex. Stab. Fund
4
Honetary authority (2)
5 O.S. foreign exchange position
6
Official fgn.currency hldgs.
7
Treasury
8
Honetary authority
9
10
11
Het IHF position
O.S. Governnent asset
Honetary authority
1,950
610
-240
-648
823
1,011
1.5
.8
2.6
.4
-.7
1
297
297
88
98
-10
296
303
-7
206
209
-3
-554
-54 7
-7
239
249
-10
.2
.1
. 1
*
. 1
-. 1
. 1
.1
*
.2
. 1
. 1
-1.2
-1.3
. 1
2
3
4
1,653
920
272
648
522
-1,611
-809
-802
-536
-747
-107
-640
-854
-943
-342
-601
1,377
-622
-589
-33
772
528
205
323
1.3
*
♦
♦
.8
.3
.2
. 1
2.5
.3
.2
. 1
.1
-.2
*
-.2
.5
4.7
3. 1
1.6
5
6
7
8
733
732
1
2, 133
2,115
18
211
235
-24
89
91
-2
1,999
2,009
-10
244
231
13
1.3
1.3
*
.5
.4
. 1
2.2
2.2
*
.3
.3
•
-4.2 9
-4.2 10
* 11
-9
1.0
♦
1.2
1.4
-.2
.3
.6
-.3
.5
1
.6 2
*3
Ci)
Lines 1, 2, and 3 exclude increases in SDR'S 1through allocations , which
occurred at varions dates beginning January 1970.
Transactions in SDR’s
are included.
Also excluded froa the table are revaluations of foreign
currency holdings, gold, SDR's, and IHF position.
Allocations and
revaluations are reflected in tables on outstandings.
(2)
Treasury gold stock.
Treasary Currency and S.O.fi. Certificates
1 Total O.S. Govt, liability
2
Honetary authority asset
3
Unallocated assets
495
400
95
112
112
133
137
133
137
86
86
174
174
.4
.5
-.1
Insurance and Pension Fund Reserves
Life insurance reserves:
1 Net change in liabilities
2
O.S. Governnent
3
Life insurance conpanies
3,704
17
3,687
4,131
12
4,119
3,828
14
3,814
3,879
14
3,865
3,947
14
3,933
4,239
15
4,224
6.7
.1
6.6
8.7
. 1
8.5
8. 4
.2
8.2
11.5
.2
11.3
12.0
.3
11.7
1
2
3
4 Net change in assets (HH)
3,704
4,131
3,828
3,879
3,947
4,239
6.7
8.7
8.4
11.5
12.0
4
5 Net change in liabilities
6
D.S. Governnent
7
Insurance sector
Life insurance coapanies
8
9
Private pension funds
10
St.+loc. govt. rtr. funds
28,254
680
27,574
9,833
7,417
10,324
28,606
-2,954
31,560
10,705
8,843
12,012
31,278
2,317
28,961
9,779
7,696
11,486
36,626
12,568
24,058
8,963
8,120
6,975
30,435
2,136
28,299
8,416
8,169
11,714
27,769
-2,154
29,923
8,000
9,682
12,241
29.6
2.7
26.8
6.4
10.7
9.7
34.9
3.7
31.2
8. 1
11.8
11.3
44.0
4.6
39.5
15.3
11.2
12.9
55.9
6.4
49.5
14.9
18.7
15.9
61. 8 5
6.9 6
54.9 7
18.3 8
15.9 9
20.7 10
11 Net change in assets (hh)
28,254
28,606
31,278
36,626
30,435
27,769
29.6
34.9
44.0
55.9
61.8 11
Pension fund reserves:
Net Interbank Clains
1 Net change in liabilities
2
Honetary authority
3
Beaber bank reserves
4
Vault cash
5
6
7
8
9
10
11
12
Connercial banking
To nonetary authority
To foreign banks, net
Liabilities, net
O.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
+ Br. loans to U.S.
1,679 -12,036
6,505 -4,316
6, 171
-3,070
334 -1,246
6,296
-3,250
-5,415
2, 165
7,858
-348
2,693
-3,041
13,532
4,335
749
3,586
3,469
-3,027
721
-3,748
.2
-.3
-1.2
1.0
-11. 1
.8
. 2
.6
-8.9
-1.0
-.9
-. 1
-1. 1
3.5
1.7
1.8
16.0
5.9
4.4
1. 5
-4,826 -7,720
1,779
-158
-7,244 -8,546
-5,413 -7,867
-1,695 -13,915
-642 -1,325
13,259
723
669
-330
9,546
1,336
6,626
5,623
4,144
2,464
-617
1,063
8,206
-3,065
8,273
6,232
4,665
-3,305
-7,973
-3
9,197
916
13,968
14,338
13,397
11,597
-851
949
6,496
-798
4,826
3,035
-72
526
975
377
.4
-2. 1
.9
-1.4
2.6
4.2
.2
-1 1.9
1.6
-9.8
-7.9
-7. 1
-.8
6.3
. 1
-7.8
-1.3
-5.7
-3.9
-6.8
.7
7.6
.2
-4.6
1. 4
-.7
1.4
-1. 1
3.5
4.8
.2
10. 1
5
3.6 6
5.7 7
5.2 8
1.5 9
4.4 10
3. 1 11
.3 12
♦
1
2
3
4
13
14
15
Fgn. bkg. off. in O.S.
Due fgn. affiliates
Less: Cue fron aff.
-3,718
-651
3,067
6,048
3,278
-2,770
1,479
-4,726
-6,205
1,567
6,720
5, 153
94 1
-1,053
- 1,994
3,107
-3,913
-7,020
2.2
4.5
2.3
-.9
.9
1.7
2.9
4. 0
1.0
2.5
5.6
3. 1
3.7 13
7. 1 14
3.3 15
16
17
18
Less: Dep. at fgn. banks
0.S.-chartered banks
Fgn. bkg. off. in O.S.
1,831
1,615
216
679
341
338
-1,003
75
-1,078
-2,041
-2,164
123
370
484
-114
-1,791
-2,319
528
.9
.6
.2
1.9
1.3
.6
1.8
1.9
-. 1
2.0
.4
1.6
-.5 16
-.9 17
.4 18
639
-1,293
-3,005
-3,644
639
-1,712
984
-2,095
611
-373
984
2,706
1,584
2,903
-193
1,056
-2,833
1,584
-3,096
2,998
-557
9,088
2,646
3,444
2,998
9,645
-5,687
685
-3,239
1,739
709
-5,687
-3,924
2,468
1,092
7,225
3,441
1,316
2,468
6,133
2.5
3.2
10.4
3.3
4.6
2.5
7.2
-3.8
-4.2
-4.2
-2.0
1.5
-3.8
-. 1
-.9
.3
4.2
.3
4.8
-.9
3.9
-5.4
-2.7
2.3
1.6
6. 1
-5.4
5.0
.8
-3. 5
11.8
3.0
8. 0
.8
15.3
-1,056
-2,646
-1,739
-3,441
-3.3
2.0
-.3
-1.6
-3.0 26
1,932
-1,712
-3,644
3,079
2,706
-373
-263
-3,096
-2,833
6,201
9,645
3,444
-4,633
-3,924
709
4,817
6,133
1,316
2.6
7.2
4.6
-1.6
-. 1
1.5
-.9
3.9
4.8
-1. 1
5.0
6. 1
7.3 27
15.3 28
8.0 29
1,040 -13,020
-7,244 -8,546
8,284 -4,474
1,779
-158
2,185 -2,249
-406
2,091
4,712
6,626
-1,914
1,336
534
802
4,860
8,273
-3,413
-3,065
-1,080
-1,985
19,219
13,968
5,251
916
1,623
-707
1,001
4,826
-3,825
-798
-776
-22
-2.3
*
-2.3
-2. 1
-1. 1
-1.0
-7.3
-9.8
2.4
1.6
1.7
-. 1
-8.0
-5.7
-2.3
-1.3
-1.1
-.2
4.3
-.7
5.0
1.4
1.2
.2
19
20
21
22
23
24
25
To O.S. banking, net
u.s.-chartered banks
Liabilities
To don. affiliates
To fgn. offices
Onallocated
Less:Due fron fgn off.
26
Donestic affiliates
27
28
29
Fgn. bkg. off. in U.S.
Due to U.S. banks
Less:Due fron U.S.bks.
30 Net change in assets
Foreign
31
Doaestic
32
Honetary authority
33
34
Federal Reserve float
35
Loans to neaber banks
36
37
38
-
15.2
5.7
9.5
3.6
2.7
.9
19
20
21
22
23
24
25
30
31
32
33
34
35
U.S.-chartered banks
Henber bank reserves
Vault cash
6,505
6,171
334
-4,316
-3,070
-1,246
-3,250
-5,415
2,165
-348
2,693
-3,041
4,335
749
3,586
-3,027
721
-3,748
-.3
-1.2
1.0
.8
.2
.6
-1.0
-.9
-. 1
3.5
1.7
1.8
5.9 36
4. 4 37
1.5 38
Floats, etc.
639
984
1,584
2,998
-5,687
2,468
2.5
-3.8
-.9
-5.4
.8 39
39 Discrepancy:
1/84 BASED ON PRELIHINABI AND INCOHPLETE INFORHATION
HAY 22, 1984
Monetary and Insurance Beserves
Monetary and Insurance Beserves
Foreign Exchange, Treasury Currency, Insurance Beserves, and Interbank Claias
1979
1980
1981
29
SEASONALLI ADJUSTED ANNUAL BATES
SEASONALLI ADJUSTED ANNUAL BATES
1982
1983
|
i
1982 |
IF
J
1983
I
Gold and Official Foreign Exchange Boldings
IV
III
II
|
|
1984
I
(1)
1
.1
7.0
4. 1
5.0
.5
7.8
2.4
-1.0
-2.6
3.3
4.0 Total U.S. reserves
1
2
3
4
.1
.3
-.2
-1.1
-1. 1
*
.7
.7
♦
.1
♦
1.2
1.2
a
.8
.8
♦
1.2
1.2
-
.4
.4
♦
1.4
1.4
*
♦
-2.2
-2.2
a
1.0 U.S. gold stock and SDR's
U.S. Govt.:
Ex. Stab. Fund
1.0
a
Monetary authority (2)
2
3
4
5
6
7
8
*
-.3
-1.1
.9
8.1
6.5
3.9
2.6
3.3
.9
.8
*
3.6
1.0
.4
.6
.5
-3.9
-1.8
-2. 1
6.6
3.7
1. 1
2.6
2.1
-6.4
-3.2
-3.2
-2. 1
-3.0
-.4
-2.6
-3.4
-3.8
-1.4
-2.4
5.5
-2.5
-2.4
-. 1
3.1 U.S. foreign exchange position
2. 1
Official fgn.currency hldgs.
.8
Treasury
1.3
Honetary authority
5
6
7
8
9
10
11
.2
.2
•
1.7
1.7
♦
2.5
2.5
*
2.6
2.6
*
4.4
4.5
♦
2.9
2-9
V
8.5
8.5
.1
.8
.9
-. 1
.4
.4
*
8.0
8.0
a
1.0
.9
.1
Net IMF position
U.S. Governaent asset
Monetary authority
9
10
11
(1) Lines 1, 2, and 3 exclude increases in SDK’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 foreign
currency holdings, gold, SDB*s, and IMF position.
Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
Treasury Currency and S.D.B. Certificates
1
2
3
1.6
1.7
-.1
1.3
1.5
-.2
1.2
1.4
-.2
1.7
.6
1.1
.5
.5
2.0
1.6
.4
.4
.4
.5
.5
.5
.5
.3
.3
.7 Total U.S. Govt, liability
Monetary authority asset
Unallocated assets
.7
1
2
3
Insurance and Pension Fund Beserves
Life insurance reserves:
1
2
3
12.5
.3
12.3
11.5
a
11.4
10. 1
.3
9.9
14. 1
.2
13.9
15.8
.1
15.7
14.8
. 1
14.7
16.5
a
16.5
15.3
- 1
15.3
15.5
.1
15.5
15.8
.1
15.7
17.0 Net change in liabilities
U.S. Governaent
-1
Life insurance coapanies
16.9
1
2
3
4
12.5
11.5
10. 1
14. 1
15.8
14.8
16.5
15.3
15.5
15.8
17.0 Net change in assets (HH)
4
5
6
7
8
9
10
55.6
7.9
47.7
17.5
14.0
16.2
78.2
8.7
69.4
20.6
22.3
26.5
91.7
9.8
81.9
28.6
22.4
31.0
106.3
11.7
94.5
32.7
26.6
35.2
126.9
14.1
112.9
37.9
32.8
42.2
122.4
11.0
111.4
39.3
30.8
41.3
131.9
8.3
123.6
42.8
32.8
48.0
130.3
14. 1
116.2
39.1
31.2
45.9
113.3
16.3
97.0
35.9
33.3
27.9
132.2
17.5
114.7
33.7
34. 1
46.9
129.2 Net change in liabilities
12.7
U.S. Governaent
Insurance sector
116.5
Life insurance coapanies
32.0
35.6
Private pension funds
St.+loc. govt. rtr. funds
49.0
5
6
7
8
9
10
11
55.6
78.2
91.7
106.3
126.9
122.4
131.9
130.3
113.3
132.2
129.2 Net change in assets (hh)
11
Pension fund reserves:
Net Interbank Claias
-5.8 Net change in liabilities
Honetary authority
-9. 1
-6.0
Heaber bank reserves
Vault cash
-3. 1
1
2
3
4
22.7
1.6
-1.4
3.0
-29.5
-1.0
-2.3
1.3
-15.8
-3.4
-2.2
-1.2
-12.2
2.2
1.3
.9
15.7
-3.6
-5.0
1.5
38.3
17.7
21.0
-3.3
-65.8
-13.1
-20. 1
7.0
9. 1
-9.3
-10. 1
.8
28.1
-2.6
10.6
-13.2
91.2
10.7
-.5
11.2
5
6
7
8
9
10
11
12
21.1
.5
22.3
22. 1
16.3
13.1
-1.2
2.0
-28.5
-1.9
-23.2
-17.7
-18.9
-5.7
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
19.2
-1.0
20.3
18.3
8.3
9.4
3.8
2.7
20.6
3.8
4.4
11.7
12.0
10.6
-2.7
-1.3
-52.7
.1
-48.8
-46. 1
-69.4
1.2
73.2
2.7
18.4
6.3
8.9
4.9
8.5
-1.8
-6.0
4.3
30.7
-11.5
30.7
22.6
22.8
-22.0
-44.8
a
80.5
1.2
90.5
91.9
71.3
60.4
-7. 1
3.8
3.3
-3.4
5.2
-2.0
-14.5
9.0
25.0
1.5
13
14
15
5.8
15.5
9.7
1.2
13.5
12.3
-1.1
11.1
12.3
-11.7
-2.6
9. 1
10.0
4.2
-5.8
-.3
-1.4
-1. 1
23.3
29.9
6.6
-3.6
-29.7
-26. 1
-.2
19.1
19.4
20.7
-2.4
-23.1
12.5
4.3
-8.2
16
17
18
-.2
-.2
a
5.4
3.4
2.0
3.0
3.4
-.4
10.5
10.3
.2
-2.0
-1.3
-.7
7.3
6.5
.9
2.7
1.4
1.4
-4.0
.3
-4.3
-8.2
-8.7
.5
1.5
1.9
-.5
-7.2
-9.3
2.1
19
20
21
22
23
24
25
-1.7
-4.0
12.0
1.4
12.3
-1.7
16.0
-3.4
-12.4
12.6
2.7
13.3
-3.4
25. 1
-2.4
-9.7
6.0
1.4
7.1
-2.4
15.7
15.7
-9.5
4. 1
-2. 1
-9.5
15.7
13.5
-. 1
.9
6.3
5.4
.9
-. 1
5.3
12.4
25.9
11.7
-.8
12.4
-14.2
-4.1
-22.2
-2.5
1.6
-4. 1
19.7
3.3
-11.7
-12.5
4.2
-20.0
3.3
-.8
11.4
-1.0
25.0
10.6
3.0
11.4
26.1
-11. 1
38.7
15.0
7-0
19.2
-11. 1
-23.7
1.5
-9.7
22.8
13.8
7.5
1.5
32.5
26
-1.4
-2.7
-1.4
2. 1
-5.4
27
28
29
3.7
16.0
12.3
1 1.7
25.1
13.3
8.6
15.7
7. 1
23.0
13.5
-9.5
4.4
5.3
.9
30
31
32
33
34
35
24.4
22.3
2. 1
.5
.3
.3
-26. 1
-23.2
-3.0
-1.9
-2.3
.4
-13.3
-7.0
-6.3
-2.9
-2.7
-.2
-27.9
-30. 1
2.3
. 1
1.0
-.9
36
37
38
1.6
-1.4
3.0
-1.0
-2.3
1.3
-3.4
-2.2
-1.2
39
-1.7
-3.4
-2.4
BILLIONS OF DOLLABS.
-4.2
-10.6
-7.0
-13.8
-13.5
-14.2
-.8
18.1
19.7
1.6
19.3
-.8
-20.0
23.0
26.1
3.0
-42.9
-23.7
19.2
25.0
32.5
7.5
15.8
20.3
-4.6
-1.0
-1.2
.2
25.9
4.4
21.5
3.8
4.4
-.6
-61.7
-48.8
-13.0
.1
-7.2
7.4
5.8
8.9
-3. 1
6.3
.9
5.3
16.7
30.7
-14.0
-11.5
-1.4
-10.1
102-3
90-5
11.9
1.2
3.0
-1.8
2.2
1.3
.9
-3.6
-5.0
1.5
17.7
21.0
-3.3
-13.1
-20.1
7.0
-9.3
-10. 1
.8
-2.6
10.6
-13.2
10.7
-.5
11.2
15.7
-.1
12.4
-4. 1
3.3
11.4
-11.1
-
1/84 BASED ON INCOHPLETE INFOBHATION.
-
Coaaercial banking
To aonetary authority
To foreign banks, net
Liabilities, net
U.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
♦Br. loans to U.S.
Fgn. bkg. off. in U.S.
Due fgn. affiliates
Less: Due froa aff.
5
6
7
8
9
10
11
12
13
14
15
Less: Dep. at fgn. banks 16
17
U.S.-chartered banks
Fgn. bkg. off. in U.S. 18
To U.S. banking, net
O.S.-chartered banks
Liabilities
To doa. affiliates
To fgn. offices
Unallocated
Less:Due froa fgn off.
Doaestic affiliates
19
20
21
22
23
24
25
26
27
Fgn. bkg. off. in U.S.
28
Due to U.S. banks
Less:Due froa U.S.bks. 29
-7.3 Net change in assets
Foreign
5.2
-12.6
Doaestic
Monetary authority
-3.4
Federal Beserve float
-2.2
Loans to aeaber banks
-1.2
-9. 1
-6.0
-3. 1
1
2
3
4
U.S.-chartered banks
Heaber bank reserves
Vault cash
1.5 Discrepancy:
Floats, etc.
30
31
32
33
34
35
36
37
38
39
MAT 22, 1984
Deposit Claias
Deposit Claias
Honetary Claias On Financial Institutions
30
UNADJUSTED MET FLOSS ($ HILL)
UNADJUSTED SET FLOSS($ MILL)
1982 J
IT
!
1983
II
I
III
IT
|
|
1984
I
1974
BILLIOHS OF DCLLABS
1975
1976
1977
1978
Currency and Checkable Deposits
29,951 -10,864
32,409
9,033
8,124 -14,334
6.9
18.6
24.8
30.4
32.6
1
2
3
4
5
Pvt. domes, sectors, by type
Currency
Deaand deposits
Other checkable
39,265 -7,651
645
6,481
21,788 -18,179
10,996
9,883
18,777
3,947
7,517
7,313
1,431
3,668
-6,020
3,783
31,221 -15,625
480
5,373
19.535 -19.119
3,014
6,313
8.7
6.3
2.2
.2
16. 1
6.2
9.2
.7
18.6
7.3
9.5
1.8
27.0
8.3
17.2
1.6
29-2
9.3
15.4
4.5
2
3
4
5
6
7
8
9
10
11
12
Pvt.doaes.sectors, by holder
Pvt- doaestic nonfinancial
Households
Business
State*local governnents
Hail float
Financial sectors
39,265
35,991
15,297
5,514
794
14,386
3,274
-7,651
-9,130
6,688
-4,717
-2,374
-8,727
1,479
18,777
16,866
12,234
2,681
2,065
-114
1,911
1,431
345
7,419
455
-2,187
-5,342
1.086
31,221 -15,625
26,589 -15,366
5,607 -1,608
6,177 -5,220
512 -1,896
14,293 -6,642
-259
4,632
8.7
8.5
7.6
1.0
-.5
.4
.2
16. 1
15.6
6.9
6.2
.8
1.6
.6
18.6
17.8
15.7
2.4
-.9
.6
.8
27.0
25.5
20.0
2.9
.8
1.8
1.5
29.2 6
25.5 7
22.4 8
4.5 9
-1.0 10
-.5 11
3.7 12
13
14
Foreign
D.S. Governaent
599
-9,913
480
-3,693
808
12,824
115
1,176
2.8
-4.6
-.3
2.8
3.2
3.0
2.4
.9
-.2 13
3.7 14
29,951 -10,864
32,409
1 Net change in total assets
15 Net change in liabilities
Monetary authority
D.S. Govt, cash * deposits
Foreign deposits
Currency outside banks
468
-5,936
-77
6,481
-595
-1,392
152
645
3,966
5,227
-208
3,947
20
21
22
23
Coaaercial banking
D.S. Governaent deposits
Foreign deposits
Private doaestic deposits
26,074 -14,596
-3,977 -2,301
676
328
29,375 -12,623
20,549
7,597
1,016
11,936
24
Savings institutions
4,327
2,894
16
17
18
19
3,409
1,119
-802
8,404 -24,216
8,124 -14,334
6.9
18.6
24.8
30.4
32.6 15
591
63
48
480
7.0
.4
.2
6.3
10.6
4.5
*
6.2
10.5
3. 1
.2
7.3
4.9
-3.3
8.3
6.3
-3. 1
.1
9.3
16
17
18
19
-3,835 13,708 -15,960
1,113
676 -11,315
-910
1,145
67
-3,601 23,878 -17,140
-.2
-5. 1
2.6
2.3
7.6
-1.7
-.3
9.6
13.4
-. 1
3.0
10.4
24.5
4.3
2.4
17.8
25.3
6.8
-.3
18.8
20
21
22
23
.1
.4
.9
1.0
9,033
11,504 -7,554
7,728 -12,901
108
-26
3,668
5.373
1,364
1,970
1,035
♦
1.0 24
Snail Tine and Savings Deposits
1 Net change in liabilities
Coaaercial banks
2
Savings institutions
3
4
Savings and loan assns.
Hutual savings banks
5
6
Credit unions
7 Net change in assets
Bouseholds
8
9
State and local governnents
10
U.S. Governaent
11
Credit unions
67,131 113,133
71,113
49,263
17,868 42,020
14,256 31,520
5,477
1,418
2,194
5,023
34,154
18,249
15f905
12,442
-1,083
4,546
30,439
16,375
14,064
12,709
-814
2,169
41,176
24,151
17,025
11,159
4,146
1,720
44,644
20,995
23,649
16,702
1,469
5,478
37.7
17.4
20.3
14.5
2.7
3.0
98.0
39.9
58. 1
41.6
11.0
5.5
121.6
54.6
66.9
48.7
12.5
• 5.8
94.6
28.2
66.4
48.6
10.4
7.3
65.5
13.3
52.2
38.8
7.5
5.9
67,131 113,133
65,193 109,203
2,766
1,476
141
-177
1,341
321
34,154
32,321
2.153
-201
-119
30,439
33,309
-529
35
-2,376
41,176
40,630
938
-108
-284
44,644
43,408
-504
17
1,723
37.7
37.3
•
♦
.4
98.0
97.0
.9
. 1
*
121.6
116.2
5. 1
.2
.1
94.6
95. 1
-1.6
.1
.8
65.5 7
66. 1 8
-. 1 9
. 1 10
-.5 11
2.4
1.3
♦
.2
6.9
1
54.5
48.6
42. 1
6.4
5.9
1
2
3
4
5
54.5 6
44.4 7
34.2 8
2.0 9
8.2 10
1. 1 11
2
3
4
5
6
Boney Market: Mutual Fund Shares
Money aarket fund shares
1
Liab: Finance n.e.c.
Asset: Bouseholds
-17,013 -26,296 -15,680
-1,625
-457
8,187
Large line Deposits
1 Net change in total liab.
Coaaercial banking
2
3
Doaestic banks
4
Foreign banking offices
5
Savings institutions
6 Net change in assets
7
Pvt. doaestic nonfinancial
8
Households
Business
9
10
State ♦ local governnents
11
Foreign
12
13
14
15
16
17
Financial sectors
Saving and loan assns.
Mutual savings banks
Credit unions
Private pension funds
Money aarket funds
-16,253 -48,392 -2,738
-20,579 -47,452 -12,472
-21,987 -40,416 -8,119
1,408 -7,036 -4,353
4,326
-940
9,734
11,718
-3,421
2,669
-6,090
15,139
20,241
2,404
9,967 -10,528
7,154 -4,779
2,813 -5,749
10,274
12,932
41. 1
39.3
38.2
1.1
1.7
-8.9
-9.9
-13.3
3.4
1.0
-13.9
-15.3
-15.6
.4
1,4
28.3
26.0
23.8
2.2
2.3
-16,253 -48,392
-9,509 -38,497
-11,440 -38,761
2,799
2,000
-868 -1,736
-61
1,438
-2,738
1,746
4,446
3,076
-5,776
381
11,718
16,944
15,576
2,221
-853
-1,805
20,241
17,877
8,988
9,319
-430
1,999
2,404
6,419
4,412
776
1,231
-759
41. 1
28.0
18.5
3.8
5.7
7.7
-8.9
-14.6
-13.6
1.9
-2-9
1.5
-13.9
-9.7
-8.7
2. 1
-3.0
-1.9
28.3
25.7
12.4
4. 8
8.5
-.4
-8,182 -9,834
1,531
2,210
360
102
-1,000 -1,000
-9,752 -10,467
-4,865
1,136
-314
14
-1,436
-4,265
-3,421
-1,777
-12
12
-91
-1,553
365
352
242
23
215
-467
-3,256
597
-331
25
285
-3,832
5.4
.7
.2
.2
2.7
1.6
4.2
4.5
.1
.5
-1.3
.5
-2.3
-1.4
-.2
-. 1
-.7
3.0
. 1
•
.1
2.5
.3
8.9
.4
.3
*
5.5
2.7
12
13
14
15
16
17
22. 1
20.0
2. 1
1
2
3
Federal Funds and Security Repurchase Agreeaents
1 Net change in liabilities
2
Coaaercial 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
Mutual savings banks
10
Money aarket funds
11 Discrepancy-unallocated assets
244
256
-12
5,344
5,508
-164
-2,972
-6,785
3,813
9,601
7,389
2,212
7,719
2,669
5,050
15,903
12,156
3,747
-.4
-1.9
1.5
3.5
3.5
. 1
13.6
13.6
-. 1
10.9
9.0
1.9
-3,033
3,687
-709
-806
-1,508
-1,015
-2,682
8,731
3,608
1,806
713
5,155
435
-2,986
-3,651
110
-14
-1,345
-776
-438
-1,188
2,419
-1,572
707
-619
1,242
-88
2,749
695
3,348
522
- 1,03 5
104
-474
-1,770
14,175
3,569
2,079
997
1,537
1,436
4,557
-.7
-5.8
3.6
-1.0
2.6
-.3
.1
-1. 1
-.8
1.0
-.3
-1.0
-. 1
.1
4.2
2.3
.3
1.2
.4
*
5.4
1.2
1.0
.2
2.3
.6
. 1
10.7 4
5.5 5
2.0 6
1.4 7
1.7 8
* 9
. 1 10
3,277
-3,387
679
7,182
7,024
1,728
.3
4.6
9.3
5.5
11.4 11
D.S. Deposits in Foreign Countries
1 Total foreign liability
Held by:
Nonfinan. corporate business
Money aarket funds
2
3
461
-2,266
1,223
333
3,352
2,376
-.2
.8
1.7
1.3
2. 4
1
-479
940
2,311
-4,577
761
462
87
246
1,331
2,021
500
1,876
-.2
-
.8
-
1.7
-
1.3
*
2.0
.5
2
3
1/84 BASED OM PBELIMINABT AMD INCOHPLETE INFOBHATION
HAY 22, 1984
Deposit Claias
Deposit Claias
Monetary Claias On Financial Institutions
3i
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
1983
| 1982 |
|
1
IV
I
II
III
IV
|
|
1984
I
Currency and Checkable Deposits
1
35.9
16.0
28.3
36.5
38.7
39.7
87.9
113.9
4.1
-51. 1
72.3 Net change in total assets
1
2
3
4
5
2
3
4
5
31.1
7.9
14.4
8.7
19.6
10.3
-.8
10. 1
31.9
9.5
-28.8
51.2
33.4
8.4
-1. 1
26. 1
43.8
13.6
2.9
27.3
50.4
12.7
-6.3
44.0
87.9
14.9
33.5
39.5
71.4
13.3
28.8
29.3
3.3
19.7
-31.6
15.1
12.6
6.6
-19.3
25.3
56.8
15. 1
29.6
12.1
Pvt. dones. sectors, by type
Currency
Deaand deposits
Other checkable
6
7
8
9
10
11
12
31.1
26.7
21.8
6.4
-1.5
-.1
4.4
19.6
15.3
3.7
10.2
-.8
2.3
4.3
31.9
27.6
25.7
-.5
-1.6
4. 1
4.3
33.4
21.4
22.9
. 1
-2.2
.6
11.9
43.8
34.7
31.9
4.6
-2.0
.1
9.1
50.4
41.6
45.0
-1.3
-3.7
1.6
8.7
87.9
75.1
75.2
3.1
-.7
-2.6
12.8
71.4
64.0
58.6
6.5
1.6
-2.7
7.3
3.3
1.5
-8.6
7.8
-4.1
6.5
1.8
12.6
-1.9
2.6
1.0
-4.7
-.8
14.5
56.8
50.6
48.7
.4
1.3
.2
6.2
Pvt.doaes.sectors, by holder 6
Pvt. domestic nonfinancial 7
Households
8
9
Business
State+local governaents 10
11
Bail float
12
Financial sectors
13
14
4.2
.5
*
-3.6
-3.8
.1
-3.7
6.8
1.6
-6.7
-.4
-10.3
10.0
-9.9
-5.9
48.5
-.5
1.3
2.9
-66.6
8.2
7.4
15
35.9
16.0
28.3
36.5
38.7
39.7
87.9
113.9
4.1
-51.1
72.3 Net change in liabilities
16
17
18
19
8.2
.1
.1
7.9
9.0
-1.1
-.2
10.3
10.9
1.2
.1
9.5
8.9
.7
-.2
8.4
12.3
-1.3
*
13.6
-2.2
-14.4
-.6
12.7
14. 1
-1.7
.9
14.9
35.1
22.7
-1.0
13.3
37.9
17.7
.5
19.7
-37.7
-44.0
-.4
6.6
19.6
3.9
.5
15.1
Honetary authority
U.S. Govt, cash + deposits
Foreign deposits
Currency outside banks
16
17
18
19
20
21
22
23
26.5
.4
4.1
22.0
4.9
-2.6
.3
7.2
8.7
-1. 1
-3.9
13.7
19.2
6. 1
-3.4
16.5
15.8
-5.3
1.6
19.6
28.3
4. 1
.2
24.0
56.6
-8.2
9.0
55.7
67.3
25.8
-4.9
46.4
-39.3
-16.4
-1.0
-21.9
-21.3
-22.6
3.2
-1.9
48.6
3.4
7.6
37.6
Coaaercial banking
U.S. Governaent deposits
Foreign deposits
Private doaestic deposits
20
21
22
23
24
1.2
2.0
8.7
8.4
10.6
13.6
17.3
11.6
5.5
7.9
4. 1
Savings institutions
24
Foreign
U.S. Governaent
13
14
15
Saall Tiae and Savings Deposits
1
2
3
4
5
6
1
2
3
4
5
6
61.0
29.3
31.7
26.0
1.6
4.0
86.7
4 5-0
41.7
29.0
5.4
7.3
47.5
40.3
7.2
4. 1
.9
2.2
138.5
97.0
41.5
28.1
4. 1
9.4
218.9
129.9
89.0
67.8
7.7
13.5
231.9
178.9
52.9
40.6
3.6
8.7
426.3
264.8
161.5
122.9
21.7
16.9
171.7
94.2
77.6
64.0
-3.5
17. 1
161.9
89.5
72.4
60.1
-1.3
13.6
115.7
71. 1
44.6
24.4
14.0
6.1
153.0 Bet change in liabilities
Coaaercial banks
64.2
Savings institutions
88.8
64.4
Savings and loan assns.
5.9
Hutual savings banks
18.5
Credit unions
7
8
9
10
11
61.0
59.8
-.6
.1
1.8
86.7
83.4
-.3
-.2
3.9
47.5
47. 1
.1
-. 1
-4
138.5
135.5
1.5
.5
1.1
218.9
215.5
5.3
-.5
-1.4
231.9
225.2
5.9
.6
.2
426.3
415.3
11.1
-.7
.7
171.7
165.5
8.6
-.8
-1.6
161.9
165.9
-2.1
.1
-2.0
115.7
115.2
3.8
-.4
-2.8
153.0 Net change in assets
Households
153.2
-2.0
State and local governaents
U.S. Governaent
.1
1.7
Credit unions
7
8
9
10
11
-62.7
-6.5
-1.8
Honey aarket fund shares
Liab: Finance n.e.c.
Asset:
Households
1
Honey Harket Hutual Fund Shares
1
34.4
29.2
107.5
24.7
-44.1
-68. 1
-105.2
32.7
Large Tine Deposits
1
2
3
4
5
27.8
13.8
10.2
3.6
14.0
61.0
47.2
39.3
7.9
13.8
61.8
51.5
43.9
7.6
10.2
3.4
-8.8
2.3
-11.1
12. 1
-19.2
-53.4
-38.7
-14.7
34.2
-72.2
-89. 5
-95.2
5.6
17.3
-170.8
-167.1
-138.9
-28.1
-3.8
-18-1
-57.0
-39.6
-17.4
38.9
35.8
-24.8
-.4
-24.4
60.6
76.4
35.3
24. 1
11.3
41. 1
6
7
8
9
10
11
27.8
23.0
18.8
4.7
-.4
1.2
61.0
44.7
42.2
4.0
-1.4
1.2
61.8
36.4
19.2
14.9
2.3
2.3
3.4
-5.2
-15.0
5.3
4.5
5.8
-19.2
-1.9
-9.8
16.6
-8.8
.5
-72.2
-42. 4
-41.9
5.3
-5.7
4.5
-170.8
-130.4
-128.4
14.0
-16.0
1.0
-18. 1
4.2
-4.4
20.5
-11.8
-1.3
35.8
48.4
52.0
-.4
-3.1
-4.5
76.4
70.0
41.9
32.4
-4.3
6.9
12
13
14
15
16
17
3.5
-2.2
-.3
*
-1.4
7.5
15.1
2.5
*
2. 1
1.4
9.0
23. 1
-.7
-. 1
-.7
1.8
22.8
2.7
7.2
1.4
-2.8
-3. 1
-17.8
1.2
*
-34.4
7.2
1.4
-4. 0
-39.0
-41.4
4.0
.4
-4.0
-41.9
-21.0
3.0
-1.3
. 1
-5.7
-17. 1
-8.1
-1.6
*
*
-.4
-6.2
-.5
-.5
1.0
.1
.9
-1.9
#
-2.3
-16.8
37. 1 Net change in total liab.
-14.6
Coaaercial banking
8.4
Doaestic banks
-23.0
Foreign banking offices
51.7
Savings institutions
37. 1 Net change in assets
53.8
Pvt. doaestic nonfinancial
48.7
Households
9.0
Business
-3.9
State * local governaents
-1.7
Foreign
-15.1
.4
-1.3
.1
1. 1
-15.3
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Honey aarket funds
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Federal Funds and Security Bepurchase Agreeaents
1
2
3
16. 1
15.6
.5
20.4
18.3
2.1
17.5
14.4
3.0
15.9
12.0
3.8
19.7
8.8
10.9
.3
.4
*
19.2
19.8
-.7
-11.2
-26.4
15.3
42.6
33.7
8.8
28.2
8.0
20.2
61.6 Net change in liabilities
46.7
Coaaercial banks
Savings and loan assns.
15.0
4
5
6
7
8
9
10
12.7
2.6
4.0
.6
2.5
.9
2. 1
11.5
6.6
*
1.8
-.7
.6
3.2
20.6
*
2.5
3.5
4.2
1.5
8.9
11.4
3.7
.1
5.4
.4
*
1.7
8.2
5.5
3.0
-2.3
5.7
-.6
-3.2
-8.9
14.7
-2.8
-3.2
-6.0
-.9
-10.7
31.3
14.4
7.2
2.9
20.6
-1.9
-11.9
-14.7
.4
-. 1
-5.4
-3. 1
-1.8
-4.8
10.5
-6.3
2.8
-2.5
5.0
.5
11.0
5.7
13.4
2. 1
-4.1
.4
1.0
-7. 1
53.3 Net change in assets
14.3
Nonfinancial corporations
8.3
State and local governaents
4.0
Sponsored credit agencies
6. 1
Savings and loan assns.
2.3
Hutual savings banks
18.2
Honey market funds
11
3.5
8.9
-3. 1
4.5
11.5
9.3
-12.1
3.5
32.1
22.5
8.4 Discrepancy-unallocated assets 11
9.5 Total foreign liability
Held by:
Nonfinan. corporate business
2.0
Honey market funds
7.5
1
2
3
4
5
6
7
8
9
10
U. S. Deposits in Foreign Countries
2
3
6.1
2.8
12.6
2.5
2.6
1.8
-9.1
4.9
1.3
13.4
1.5
4.6
1.1
1.7
.5
12. 1
-2.4
4.9
4.5
-1.8
-1.9
3.8
9.2
-18.3
3.0
1.8
.3
1.0
5.3
8. 1
BILLIONS OF DOLLABS.
1/84 BASED ON INCOHPLETE INFOBHATION.
1
2
3
MAY 22, 1984
U.S. Governaent Securities
O.S. Government Securities
O.S. Governaent Securities Market Suaaary
32
UNADJUSTED MET FLOWS($ HILL)
UNADJUSTED NET FLOWS (J MILL)
1982 |
IV
1
1983
I
II
III
II
|
1
1984
I
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
Total Net Issues, by Sector and Type
1 Total O.S. Governaent secur.
2
O.S. Governaent
3
Spons. agencies ♦ ntg. pools
78,555
61,996
16,559
71,174
55,656
15,518
63,428
46,908
16,520
67,162
47,874
19,288
52,617
36,200
16,417
65,162
49,464
15,698
31.9
11.9
20.0
94.9
85.5
9.4
83.8
69. 1
14.6
79.9
56.9
23. 1
90.5
53.8
36.7
1
2
3
By instrunent:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
62,088
757
61,331
55.620
475
55,145
46,951
876
46,075
47,898
868
47,030
36,209
920
35,289
49,501
764
48,737
12.0
3.0
9.0
85.8
4.0
81.8
69. 1
4.7
64.5
57.6
4.7
52.9
55. 1
3.9
51.2
4
5
6
16,467
-92
-
15,554
36
-
16,477
-43
-
19,264
-24
16,408
-9
-
15,661
-37
-
19.9
.1
-.3
9.0
-.3
-. 1
14.6
. 1
-. 1
22.3
-.5
-.2
35.3
-1. 1
-.3
7
8
9
-1,729
18,288
-3,180
18,698
476
16,044
911
18,377
3,200
13,217
4,476
11,222
16.6
3.4
2.3
7. 1
2.5
12.2
7.0
16. 1
23.1 10
13.6 11
4
5
6
7
8
9
10
11
Other
Budget agency issues
Loan participations (1)
Spons. agency issues (2)
Mortgage pool secur. (2)
Total Net Purchases, by Sector and Type
78,555
150
269
-119
71,174
-333
136
-469
63,428
96
96
67,162
654
890
-236
52,617
-1,685
-1.862
177
65,162
-533
-241
-292
31.9
«
.4
.3
.1
94.9
1.5
1.5
*
83.8
1.5
1.5
♦
79.9
-3.8
-3.4
-.4
90.5
.6
.5
. 1
1
2
3
4
5
Federal Beserve Systea
Treasury issues
Agency issues
4,494
4,919
-425
-3,271
-2,661
-610
5,212
5,022
190
13,933
13,750
183
-3,916
-3,481
-435
-1,423
-1,128
-295
5.2
2.0
3.2
8.4
7.4
1.0
10.0
9. 1
.9
7.2
5.8
1.4
7.3
7.7
-.4
6
7
8
9
10
11
Foreign
Short-tera aarketable
Other
2,990
2,752
238
6,704
4,216
2,486
3,881
2,795
1,086
211
2, 102
-1,891
5,919
4,838
1,081
1,209
7,244
-6,035
3.7
7.6
-3.9
8. 1
6.6
1.5
11.6
3.3
8.3
31.5
8. 1
23.4
28.2 9
13.9 10
14.3 11
12
13
14
Total private doaestic
Treasury issues
Agency issues
70.921
53,910
17,011
68,074
51,441
16,633
54,239
36,048
16,191
52,364
33,047
19,317
52,299
35,633
16,666
65,909
49,661
16,248
22.5
6.0
16.5
76.9
68.8
8. 1
60.7
47.0
13.7
45. 1
23.8
21.3
54.3 12
18.7 13
35.7 14
20,816
22,419
757
21,662
-1,603
15,918
16,939
475
16,464
-1,021
28,418
26,491
876
25,615
1,927
27,115
21,386
868
20,518
5,729
18,129
11,617
920
10,697
6,512
24,168
25.360
764
24,596
-1,192
19.4
11.3
3.0
8.3
8. 1
25.4
27.7
4.0
23.7
-2.3
15.9
11.0
4.7
6.4
4.9
24.6
17.5
4.7
12.8
7. 1
36.3
22.4
3.9
18.5
13.9
15
16
17
18
19
7,872
10,524
757
9,767
-2,652
15,695
17,999
475
17,524
-2,304
-1,628
-2,423
876
-3,299
795
18,393
13,494
868
12,626
4,899
6,420
1,051
920
131
5,369
20,212
22,463
764
21,699
-2,251
20.0
15.4
3.0
12.4
4.6
18.8
19.9
4.0
15.8
-1.0
9.7
6.7
4.7
2. 1
2.9
19.7
14.0
4.7
9.2
5.7
29.5
21.9
3.9
18.0
7.6
20
21
22
23
24
1 Total purchases, by sector
2
O.S. Govt, (agency secur.)
3
Sponsored credit agencies
4
Treasury
5
Agency securities
6
7
8
15
16
17
18
19
Private doaestic nonfinan.
Total Treasury issues
Savings bonds (HH)
Other Treasury issues
Agency issues
20
21
22
23
24
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
25
26
27
Nonfin. corp, business
Treasury issues
Agency issues
2,502
2,500
2
219
215
4
5,875
5,878
-3
357
365
-8
24 2
253
-11
3,331
3,347
-16
2.3
1.4
.9
8.7
9.5
-.8
2. 1
2.1
*
-6.4
-6.0
-.4
-4.5 25
-5.2 26
.7 27
28
29
30
State and local govts.
Treasury issues
Agency issues
10,442
9,395
1,047
4
-1,275
1,279
24,171
23,036
1,135
8,365
7,527
838
1 1,467
10,313
1,154
625
-450
1,075
-2.9
-5.5
2.5
-2. 1
-1.7
-.4
4. 1
2.2
1.9
11.3
9.6
1.7
11.3 28
5.7 29
5.6 30
18,564
16,765
1.799
20,756
18,142
2,614
15,206
15,236
-30
5,649
5,922
-273
4,565
6,202
-1,637
5,910
2,534
3,376
.7
-2.9
3.6
30.0
28.6
1.4
20.2
18.7
1.5
-1. 1
-1.9
.8
.5 31
-6.5 32
7.0 33
17,557
951
56
19,813
854
89
14,371
747
88
5,835
-296
110
4, 140
306
119
6,273
-497
134
.7
.2
-.2
30. 1
-.2
. 1
19.6
.5
.1
-1.3
-. 1
.2
. 1 34
.5 35
-. 1 36
31
32
33
34
35
36
Coaaercial banking
Treasury issues
Agency issues
Coaaercial banks
Foreign banking offices
Banks in U.S.possessions
37
Private nonbank finance
31,541
31,400
10,615
19,600
29,605
35,831
2.5
21.5
24.6
21.6
17.5 37
38
39
40
Total pvt. nonbank finance
Treasury issues
Agency issues
31,541
14,726
16,815
31,400
16,360
15,040
10,615
-3,679
14,294
19,600
5,739
13,861
29,605
17,814
11,79 1
35,831
21,767
14,064
2.5
-2.4
4.8
21.5
12.5
9.0
24.6
17.2
7.4
21.6
8.2
13.5
17.5 38
2.8 39
14.7 40
41
42
43
Savings and loan assns.
Treasury issues
Agency issues
17,056
7,625
9,431
14,966
5,021
9,945
13,830
7,530
6,300
7,971
-429
8,400
6,528
3,328
3,200
10,438
4,738
5,700
-.4
-1.6
1.2
4.7
.6
4. 1
5.6
4.9
.7
3.9
-1.0
4.9
4.6 41
♦ 42
4.6 43
44
45
46
Mutual savings banks
Treasury issues
Agency issues
654
343
311
2,968
1,844
1, 124
2,583
785
1,798
2,413
772
1,641
1,803
416
1,387
685
390
295
-.2
-.4
.2
3.9
2.2
1.7
4.0
1. 1
2.9
2.6
.1
2.6
.8 44
-.9 45
1.7 46
47
48
49
Credit unions
Treasury issues
Agency issues
2,244
2,000
244
4,714
4,700
14
3,550
3,500
50
1,981
2,013
-32
-269
-189
-80
1,401
1,522
-121
.4
.1
.3
1. 1
.3
.8
.6
.2
.5
.5
.1
.4
. 1 47
-.4 48
.5 49
50
51
52
Life insurance coapanies
Treasury issues
Agency issues
4,841
3,623
1,218
3,311
2,708
603
2,810
1,904
906
3,790
1,993
1,797
6,690
3,230
3,460
4,736
2,136
2,600
.1
-. 1
.2
1.7
1.4
.4
1.5
.6
.9
1.6
-. 1
1.7
2.0 50
-.5 51
2.5 52
53
54
55
Private pension funds
Treasury issues
Agency issues
1,505
484
1,021
2,936
1,452
1,<*84
2,916
2,220
696
4,841
3,357
1,484
4,395
3,224
1,171
6,662
4,372
2,290
1. 1
-.2
1.3
5.2
4.5
.7
3.9
3.7
.3
5.4
4.8
.6
2. 1 53
1.6 54
.5 55
56
57
58
St.+local govt.rtr.funds
Treasury issues
Agency issues
3,815
-164
3,979
4,670
3,701
969
5,931
2,134
3,797
2,696
2,587
109
4,582
2,664
1,918
6,553
4,082
2,471
.3
-.9
1.2
1.6
1.0
.7
3.1
1.5
1.6
5.5
2.7
2.7
7.1 56
2.7 57
4.4 58
59
60
61
Other insurance cos.
Treasury issues
Agency issues
938
327
611
2,200
1,299
901
1,197
450
747
2,620
2, 158
462
2,838
2,103
735
3,426
2,597
829
.4
*
.4
2.5
1.9
.6
3. 1
2.6
.6
3.0
2.5
.5
1.2 59
.7 60
.5 61
62
63
Mutual funds (Treasury)
Money akt.funds (Treas.)
Security brokers and
Dealers (Treasury)
-127
1,062
14 - 15,262
-435
-5,274
92
2,118
21
-1,092
.4
.1
*
.8
*
.2
.2
-.3
-.2 62
.6 63
-8,002
-1,003
828
3,001
.2
-. 1
2.4
-.7
-.8 64
64
d)
493
1,260
-1,265
-4,252
Where not shown separately, loan participations are included with
agency issues.
(2) These issues are outside the budget and outside the O.S . Governae
in credit
in flow of funds accounts. They are included
sector
aarket debt of financial institutions.
http://fraser.stlouisfed.org/
1/84 BASED ON PBELIHINABY AND INCOHPLETE INFOBHATION
Federal Reserve Bank of St. Louis
MAY 22, 1984
O.S. Governaent Securities
O.S. Government Securities
U.S. Governaent Securities Narket Suaaary
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
SEASONALLY ADJUSTED ANNUAL BATES
1983
|
1
1982 1
iv
1
1983
I
II
III
IV
1
|I
1984
I
Total Net Issues, by Sector and Type
1
2
3
84.8
37.5
47.3
122.9
79.3
43.6
133.0
87.5
45.5
225.9
161.4
64.5
254.4
186.6
67.7
295.4
224.6
70.9
268.6
193.0
75.6
330.1
269.8
60.3
230.9
167.9
63.1
187.9
115.9
72.0
246.4 Total U.S. Government secur.
167.5
U.S. Governaent
78.9
Spons. agencies ♦ atg. pools
1
2
3
4
5
6
38.8
-.8
39.6
79.8
-7.3
87.1
87.8
-4.3
92.2
162. 1
.2
162.0
186.7
3.1
183.5
224.9
.7
224.2
192.9
4.7
188.2
270.0
3.9
266. 1
167.9
2.9
165.0
115.9
1. 1
114.8
167.7
6.0
161.7
By instruaent:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
4
5
6
7
8
9
46.0
-1.1
-.2
43.1
-.3
-.2
45.2
-.3
-. 1
63.7
-.2
-.5
67.7
♦
70.5
-. 4
75.8
.1
60. 1
-.2
63.0
-.1
71.9
*
-
78.7
-. 1
-
10
11
24.3
23.1
24.4
19.2
30.5
15.0
14.9
49.5
1.4
66.3
*
70.8
1.0
74.6
-5.9
66.2
-11.2
74.3
21.7
50.2
34.3
44.6
Other
Budget agency issues
Loan participations (O
7
8
9
Spons. agency issues (2)
Hortgage pool secur. (2)
10
11
246.4 Total purchases, by sector
U.S- Govt, (agency secur.)
2.9
Sponsored credit agencies
4.0
Treasury
-1.2
Agency securities
1
2
3
*
5
Total Net Purchases, by Sector and Type
133.0
225.9
254.4
295.4
268.6
330.1
230.9
187.9
.2
-.2
.4
.7
.4
.2
.4
-2
.2
1.4
1-5
-- 1
-1.3
4.5
4.9
2.3
4.2
-.4
-.5
-1.9
1.2
.8
.4
-6.7
-5.8
-.9
-1.9
-2.6
.7
6
7
8
7.6
6.9
.7
4.4
3.9
.6
9.8
9.6
.1
8.5
8.4
. 1
12.0
12.6
-.7
10. 1
11.8
-1.7
5.6
8.0
-2.4
22. 1
21.3
.8
46.2
45.5
-7
-26.0
-24.3
-1.7
13.7
14.9
-1.2
9
10
11
-14.1
-18.5
4.5
10.6
12.3
-1.7
7.0
-2.5
9.5
8.0
-.9
8.9
16.7
14.0
2.8
-7.6
-7.4
-.2
34.1
29.5
4.6
36.3
26.3
9.9
-5.7
2.5
-8.2
2.2
-2.4
4.7
13. 1
43.5
-30.4
Foreign
Short-tera marketable
Other
9
10
11
12
13
14
91.1
46.2
44.9
107.2
64.9
42.3
115.9
70.9
44.9
207.9
144.3
63.6
227.0
158.2
68.8
288.5
215.8
72.7
226.6
146.5
80. 1
270.5
211.6
59.0
197.2
134.0
63.2
213.6
140.6
73.0
216.8
135.7
81. 1
Total private doaestic
Treasury issues
Agency issues
12
13
14
15
16
17
18
19
61.4
35.3
-.8
36.1
26.1
38.3
24.3
-7.3
31.6
14.0
47.4
31.2
-4.3
35.5
16.2
58. 1
56.3
.2
56.2
1.8
89.6
76.4
3. 1
73.3
13. 1
104.7
106.0
.7
105.3
-1.3
31.9
23.7
4.7
19.0
8.2
146.0
143.0
3.9
139.2
2.9
84.1
75.4
2.9
72.5
8.7
96.3
63.6
1. 1
62.5
32.8
65.7
55.5
6.0
49.5
10.2
20
21
22
23
24
45.7
25.2
-.8
26.0
20.5
32.6
21.5
-7.3
28.9
11.0
48.7
33.9
-4.3
38.2
14.8
29.8
31.8
.2
31.6
-2.0
38.9
30.1
3. 1
27.0
8.8
45.5
50.9
.7
50.2
-5.5
22.6
19.5
4.7
14.8
3.0
52.2
53.8
3.9
49.9
-1.6
39.2
33.8
2.9
30.8
5.4
41.6
13.4
1. 1
12.3
28.2
42. 1
36.2
6.0
30.2
6.0
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
20
21
22
23
24
25
26
27
.1
1.4
-1.3
-3.2
-3.7
.5
-1.4
-1.4
*
7.4
7.3
. 1
6.7
6.7
•
14.2
14.2
*
.3
.2
*
23.9
23.9
-3.5
-3.4
♦
♦
6.1
6. 1
*
11.5
11.6
-. 1
Nonfin. corp, business
Treasury issues
Agency issues
25
26
27
28
29
30
15-6
8.7
6.8
9.0
6.5
2.5
.1
-1.3
1.4
2 0.9
17.2
3.7
44.0
39.6
4.4
45. 1
40.9
4.2
9.0
3.9
5.1
69.9
65.3
4.5
48.4
45.1
3.4
48.7
44. 1
4.6
12.1
7.8
4.3
State and local govts.
Treasury issues
Agency issues
28
29
30
31
32
33
7.9
.4
7.6
25.6
15.9
9.7
11.7
1.9
9.8
27.7
20.4
7.3
46.2
45.5
.7
64.0
58.0
6.0
77.6
64.5
13.1
69.4
70.2
-.9
30.4
32.3
-2.0
7.4
14.9
-7.6
16. 1
*
16. 1
34
35
36
7.4
.5
25.0
.5
.1
11.4
.6
-.3
26.7
.8
.2
44.2
1.6
.4
60.0
3.8
.2
73.8
3.4
.4
66.1
3.0
•4
31.1
-1.2
-4
5.7
1.2
.5
17.5
-2.0
.5
♦
-.8
Federal Beserve Systea
Treasury issues
Agency issues
6
7
8
Private doaestic nonfinan. 15
16
Total Treasury issues
17
Savings bonds (HH)
Other Treasury issues
18
19
Agency issues
Coaaercial banking
Treasury issues
Agency issues
31
32
33
34
Coaaercial banks
Foreign banking offices 35
Banks in U.S.possessions 36
37
37
21.8
43.2
56.7
122. 1
91.2
119.8
117.2
55.2
82.7
109.9
135.0
Private nonbank finance
38
39
40
21.8
10.5
11.3
43.2
24.7
18.6
56.7
37.8
18.9
122. 1
67.6
54.5
91.2
36.2
55.0
119.8
51.8
68.0
117.2
58.4
58.8
55.2
-1.7
56.9
82.7
26.2
56.4
109.9
62. 1
47.8
135.0
80.2
54.8
Total pvt. nonbank finance 38
39
Treasury issues
40
Agency issues
41
42
43
1.0
-2.9
3.9
13.8
5.7
8.1
3. 1
-3.5
6.6
37.4
7.5
29.8
43.3
15.5
27.8
60.6
22.5
38. 1
58.6
19.9
38.6
60.2
36.1
24. 1
38.1
2.5
35.7
16.3
3.3
13.0
41.0
19.8
21.3
44
45
46
1.2
-.2
1.3
3.3
.8
2.5
.9
-.2
1.2
1.9
.7
1.2
9.8
3.8
6.0
2.3
2.0
.3
11.0
5.9
5.1
11.2
3.4
7.9
10.1
3.7
6.4
6.7
2.2
4.4
47
48
♦
.1
4.3
3.2
1.2
.7
8.8
8.4
10.0
10.0
9.0
8.0
18.9
18.8
14.2
14.0
7.9
8. 1
50
51
52
2.9
-1
2.8
2.7
1.0
1.8
5.5
2.3
3.1
12.7
8.4
4.3
16.6
9.8
6.8
18. 1
13.3
4.9
11.2
8.8
2.4
13.9
10.2
3.6
53
54
55
2.8
1.9
.8
5.8
4.7
1.2
9. 1
6.5
2.6
13.6
8.2
5.3
15. 1
10.3
4.8
9.0
3.6
5.4
9.3
4.2
5.1
56
57
58
6.6
5.3
1.4
9.9
6.2
3.7
10.7
6.6
4. 1
18.3
7.4
11.0
17.9
11. 1
6.8
15.3
-.7
15.9
59
60
61
1.3
.2
1.1
1.8
1.6
.2
2.2
1.4
.8
4.0
1.5
2.5
8-9
6.0
2.8
62
63
*
4.2
.3
2.6
.9
23.7
2.3
22.7
1.9
-1.4
-.6
.4
http://fraser.stlouisfed.org/
BILLIONS
OF
Federal Reserve Bank of
St. Louis
Savings and loan assns.
Treasury issues
Agency issues
41
42
43
2.0
-. 1
2.0
Hutual savings banks
Treasury issues
Agency issues
44
45
46
-1. 1
-.8
5.6
6. 1
Credit unions
Treasury issues
Agency issues
47
48
16.2
9.0
7.2
25. 1
11.3
13.8
16.7
6.3
10.4
Life insurance coapanies 50
51
Treasury issues
52
Agency issues
12.6
9.6
3.0
17.5
12.5
5.0
21.0
14.7
6.3
24.2
15.9
8.3
Private pension funds
Treasury issues
Agency issues
18.7
14.8
3.9
23.7
8.5
15.2
10.8
10.3
.4
18.3
10.7
7.7
26.2
16.3
9.9
St.+local govt.rtr.funds 56
57
Treasury issues
58
Agency issues
3.6
1.2
2.4
7.0
3.4
3.6
6.2
5.2
3.0
8.8
7.0
1.8
11.4
8.5
2.9
11.6
8.3
3.3
Other insurance cos.
Treasury issues
Agency issues
.6
-18.4
2.0
5.0
-.5
.1
4.2
-61.0
-1.7
-21.1
.4
8.5
.1
-4.4
-12.4
-5. 1
-17.0
-32.0
-4.0
3.3
12.0
62
Hutual funds (Treasury)
Honey akt.funds (Treas.) 63
Security brokers and
64
Dealers (Treasury)
(1)
Shore not shovn separately, loaa participations are included with
agency issues.
(2) These issues are outside the budget and outside the U.S. Governae
sector in flow of fnnds accounts. They are included in credit
aarket debt of financial institutions.
DOLLABS.
1/84 BASED ON INCOMPLETE INFOBHATION.
53
54
55
59
60
61
HAY 22, 1984
Private Securities
Private Securities
State ♦ Local Governaent, Corporate, and Foreign Securities
UHADJOSTED HET FLOSS($ HILL)
OHADJUSTED HET FLOSS($ BILL)
1982 1
IV
1
1983
I
II
III
IV
1
|I
1984
i
1974
BILLIONS OF DOLLABS
1976
1975
1977
1978
State aiid Local Governaent Obligations
1 Net change in liabilities
State and local governaents
2
Short-tera
3
Other
4
Nonfin. corporate business
5
(Industrial revenue bonds)
17,895
14,018
803
13,215
3,877
6,773
4,319
-5,149
9,468
2,454
22,435
19,552
912
18,640
2,883
8,968
6,895
-933
7,828
2,073
13,857
11,836
-1,368
13,204
2,021
2,426
1,176
-1,366
2,542
1,250
16.5
14.8
2.7
12.1
1.6
16. 1
13.5
-.3
13.8
2.6
15, 7
13.2
-4. 1
17.2
2.5
21.9
15.2
-2.9
18. 1
6.7
28.4
20.7
.6
20. 1
7.7
1
2
3
4
5
6 Met change in assets
Households
7
Nonfin. corporate business
8
State+local govt. gen. funds
9
17,895
7,632
171
244
6,773
4,432
350
568
22,435
20,162
155
-237
8,968
4,401
117
6
13,857
5,942
43
-87
2,426
-1,474
-48
180
16.5
8.3
.6
.5
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
6
7
8
9
6,164
-113
279
-4,824
12
-67
1,257
-2
-146
1,979
2
-13
5,390
10
-67
-1,417
7
-177
5.4
.3
*
1.8
1.0
•6
3.0
-.3
.9
9.2
*
.4
735
538
-258
455
232
417
-607
422
1,489
891
219
379
568
384
-72
256
-313
57
-566
196
-913
-746
-262
95
1.7
.3
-.7
2.2
4.4
.8
1.0
2.6
7.9
1.1
1.4
5.4
11.4
.5
.2
10.7
2,942
-159
5,817
253
-43
-200
1,608
300
2,939
-
6,168
100
..
-.4
-.1
.5
.3
1.6
.2
10
11
12
Coaaercial banking
Savings and loan assas.
Mutual savings banks
13
14
15
16
Insurance
Life insurance coapanies
State+local govt.rtr.funds
Other insurance coapanies
17
18
Hutual funds
Brokers and dealers
9.6 10
. 1 11
.5 12
14.3
.4
.4
13.5
13
14
15
16
.5 17
-.2 18
Corporate and Foreign Bonds
1 Met issues
Nonfin. corporate business
2
3
Foreign
4
5
6
7
8
Total finance
Coaaercial banking
Savings and loan assns.
Finance coapanies
Beits
9 Met purchases
10
Households
11
Foreign
Coaaercial banking
12
Hutual savings banks
13
12,135
8,142
2,207
7, 120
3,445
806
12,019
6,243
1,385
7,234
1,815
736
9,212
3,354
692
6,892
5,700
-26
24.9
19.7
2.1
36.7
27.2
6.2
41.2
22.8
3.6
38.0
22.9
5.1
32.8
21. 1
4.2
1
2
3
1,786
643
-66
1,214
-5
2,869
1,235
9
1,622
3
4,391
790
17
3,581
3
4,683
1,493
8
3,179
3
5,166
1,419
3,744
3
1,218
860
-2
358
2
3.1
1.1
1.8
.2
3.2
.5
. 1
2.7
-
9.8
6.9
.1
3. 1
-.2
10 1
1.3
1.2
7.8
7.5
.6
6.4
-.2
4
5
6
7
8
12,135
1,505
1,230
349
112
7, 120
-5,311
734
1,435
1,063
12,019
-5,726
2,044
1,353
1,121
7,234
3,285
985
658
420
9,212
4,460
1,978
391
3^8
6,892
-715
4,053
634
-303
24.9
5.1
.9
1.0
.9
36.7
8.9
.6
1.8
3.5
41.2
11.8
.9
-.6
2.8
38.0
-3.2
3.8
*
1.2
32.8
-1.8
1.9
-.3
. 1
9
10
11
12
13
34.0
17.3
5.9
9.0
1.8
14
15
16
17
18
.7
14
15
16
17
18
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt- rtr. funds
Other insurance coapanies
7,781
5,032
840
2,027
-118
8,886
5,502
755
2,641
-12
9,763
6,025
1,282
2,481
-25
3,527
4,358
648
-1,490
11
1,827
1,274
341
250
-38
3,895
3,498
102
304
-9
17.0
4.0
4.5
6.5
2.0
19.9
9. 1
1.8
6.8
2.2
25.6
16.9
-.3
5.1
3.9
35.0
18.8
6.6
6.0
3.7
19
20
Hutual funds
Brokers and dealers
-70
1,228
647
-334
906
2 P558
192
— 1,8 J 3
980
-772
982
-1,654
.6
-.6
.7
1.2
.3
.5
1.1
.2
-.7 19
-,4 20
-934
13,318
5.7
.9
10.6
-.3
10.6
-2.4
6.5
.9
1.9
1
1
2
1.9
1
-.5
1. 1
.8
.6
3
4
5
6
7
8
Corporate Equities
1 Net issues
2
Hutual funds
3
4
5
6
7
8
Other sectors
Nonfin. corporate business
Foreign
Connercial banks
Other insurance coapanies
Beits
9 Net purchases
Households
10
Hutual fund shares
11
12
Other eguities
13
14
15
Foreign
Connercial banking
Hutual savings tanks
16
17
18
19
20
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance conpanies
21
22
Mutual funds
Brokers and dealers
16,379
5,822
21,816
11,960
21,777
7,529
12,529
6,445
10,557
8,145
1,320
160
761
171
9,856
7,794
1,002
167
761
132
14,248
11,321
1,837
174
778
138
6,084
4,196
807
181
769
131
6,321 -14,252
5,000 -15,000
220
-355
188
195
783
781
130
127
4.8
4. 1
-.2
1.0
.9
-.9
10.9
9.9
.2
1.0
1.0
-1.1
13. 1
10.5
.3
1.6
.9
-.3
5.6
2.7
.4
.6
1.4
.6
16,379
611
5,822
-5,211
21,816
3,135
11,960
-8,825
21,777
3,826
7,529
-3,703
12,529
235
6,445
-6,210
-934
14,519
2,722 -11,283
8,198
13,318
-5,476 -24,601
5.7
-.6
.9
-1.6
10.6
-3.8
-.3
-3.5
10.6
-4.6
-2.4
-2.2
6.5
-3.5
.9
-4.4
1.9 9
-5. 1 10
-.1 11
-5.0 12
1,598
4
-111
2,693
9
79
1,267
1
60
968
-3
72
482
-6
106
555
3
53
.5
a
.2
4.7
.2
2.8
*
.1
2.7
a
.4
2.4 13
a 14
. 1 15
11,173
200
5,738
4,528
707
13,222
2,291
5,701
4,512
718
9,746
1,567
4,571
2,877
731
9,330
496
2,349
5,744
741
9,416
135
2,795
5,732
754
9,591
1,500
2,338
4,988
765
6.7
2.3
2.3
2.6
-.5
9.3
1.9
5.8
2.4
-.7
14.3
3.0
7.3
3. 1
.9
10.5
1.2
4.5
3.7
1.2
1,876
1,228
3,012
-334
4,319
2,558
3,760
-1,833
2,571
-772
1,801
-1,654
-.4
-.6
-.9
1.2
-2.4
.5
-3. 7
.2
1/84 BASED OM PRELIHINABI AMD IHCOHPLETE IMPOBHATIOM
14,519
8,198
♦
6.4
1
1.9
2.6
2.0
16
17
18
19
20
-1.6 21
-.4 22
MAI 22, 1984
Private Securities
Private Securities
State ♦ Local Governaent, Corporate, and Foreign Secarities
35
SEASONALLT AOJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL NATES
1979
1980
1981
1982
1983
|
i
1982 |
|
IT
1983
I
IT
III
II
|
|
1984
I
State and Local Governaent Obligations
1
2
3
4
5
30-3
20.3
1.0
19.4
10.0
30.3
19.4
1.7
17.7
10.9
21.9
8.4
.9
7.5
13.4
50.5
35.4
5.6
29.8
15. 1
52.0
42.6
-6.5
49. 1
9.4
71.3
55.8
7.2
48.6
15.5
39.2
29.4
-16. 1
45.5
9.8
81.4
69.8
-1.5
71.3
11.5
33.6
25.3
-7.5
32.8
8.3
54.0
45.9
-1. 1
47.0
8. 1
22.1 Net change in liabilities
State and local governnents
17. 1
Short-tera
-1. 1
Other
18.2
Nonfin. corporate business
5.0
(Industrial revenue bonds)
1
2
3
4
5
6
7
8
9
30.3
10.4
*
-.5
30.3
7.0
-.2
-2
21.9
9.4
*
.2
50.5
29.9
. 1
1.0
52.0
34.9
.7
.3
71.3
36.3
.7
1.0
39.2
23.2
1.4
2.3
81.4
69.8
.6
-.9
33.6
17.0
.5
♦
54.0
29.8
.2
-.3
22. 1 Net change in assets
Households
-.3
Nonfin. corporate business
-.2
State+local govt. gen. funds
.7
6
7
8
9
10
11
12
9.5
-.1
-.4
13.6
♦
-.5
5.0
.1
-. 1
4.7
-.5
.2
3.8
*
-.3
18.6
-.5
1. 1
-12.5
*
-.3
7.6
-.6
6. 1
*
-.1
14. 1
•
-.3
-.7
13
14
15
16
9.9
♦
*
9.9
8. 1
.3
. 1
7.7
4.2
.5
-.2
4.0
4.5
1.9
-.5
3.0
2.0
1.7
-1.0
1.3
2.9
2. 1
-1.0
1.8
.8
1.5
-2.4
1.7
5.9
3.5
.9
1.5
2.5
1.8
-.3
1.0
-1.3
.2
-2.3
.8
17
18
1.4
.2
2.0
V
2.9
.2
10.9
-.2
10.3
.4
11.8
-.6
23.3
1.0
-.2
-.8
6.4
1.2
»
Coaaercial banking
Savings and loan assns.
Hutual savings banks
10
11
12
-3.8
-3.2
-1.0
.4
Insurance
Life insurance coapanies
State+local govt.rtr.funds
Other insurance coapanies
13
14
15
16
11.8
-
24.7
.4
Hutual funds
Brokers and dealers
17
18
36.2 Net issues
Nonfin. corporate business
28.0
-. 1
Foreign
1
2
3
1.3
♦
Corporate and Foreign Bonds
1
2
3
29.0
17.3
3.9
34.6
26.7
.8
26.7
22.1
5.4
27.7
18.8
6.6
35.6
14.9
3.6
43. 1
29. 1
8.8
36.2
18.7
3.2
45.5
23.5
5.5
30.9
8.1
2.9
29.8
9.2
2.8
4
5
6
7
8
7.8
2.1
1.4
4.3
*
7. 1
1.5
.4
5.4
-.2
-.8
1.2
-.5
-.8
-.7
2.3
1. 1
*
1.2
V
17. 1
4.9
14.3
4.9
12.1
*
5.2
2.6
-.3
3.0
*
9.3
•
16.5
3.2
.1
13.2
*
19-9
6.0
*
13.9
V
17.8
5.7
12. 1
♦
9
10
11
12
13
29.0
5.7
2.6
-.1
-1.1
34.6
.6
8.2
.6
.7
26.7
-8.9
8. 1
*
-1.0
27-7
-9.4
10. 1
1.9
-1. 1
35.6
-3.3
5.7
3.8
3.0
43.1
3.8
4.9
1.4
.4
36.2
-18.7
2.9
5.7
4.3
45.5
-19.6
8.2
5.4
4.5
30.9
10.9
3.9
2.6
1.7
29.8
14.3
7.9
1.6
1.4
36.2 Net purchases
Households
.3
16.2
2.5
-1.2
Foreign
Coaaercial banking
Hutual savings banks
9
10
11
12
13
14
15
16
17
18
2,2.4
11.6
5.7
3.2
2.0
22.6
8.7
4.4
9.5
26.6
16.2
3.5
7.4
-.5
24.0
17.2
3.0
3.9
-.1
34.4
23.4
3.4
8. 1
-.5
32.3
18.8
3.0
10.6
*
35.5
20.5
5.1
9.9
-. 1
17.2
20.6
2.6
-6.0
*
11.0
8.8
1.4
1.0
-.2
12.0
10.4
.4
1.2
♦
24.0
7.3
3.6
10.2
2.8
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
14
15
16
17
18
19
20
.8
-1.5
1.3
.7
1.6
2.8
.2
-.4
2.7
-.4
-.3
-1.6
2.6
7.1
3.6
7.9
.8
-6.2
3.9
-10.3
3.9
2.4
Hutual funds
Brokers and dealers
19
20
♦
♦
8.2
3.4
»
4.8
»
♦
Total finance
Coaaercial banking
Savings and loan assns.
Finance coapanies
Beits
4
5
6
7
8
Corporate Eguities
1
2
-3.8
.1
22.2
5.2
-3.7
6.8
35.4
18.6
70.6
34.1
64.0
21.8
83.4
44.0
90-9
33.9
51.7
27.3
56.6
31.3
3
4
5
6
7
8
-3.9
-7.8
.8
1.3
.9
.9
17.1
12.9
2.1
.4
1.2
.6
-10.6
-11.5
.5
1. 1
-.7
16.8
11.4
1.3
.6
2.8
.7
36.5
28.3
3.9
.7
3.1
.5
42.2
32.6
5.3
.6
3.0
.7
39.4
31.2
4.0
.7
3.0
.5
57.0
45.3
7.3
.7
3.1
.6
24.3
16.8
3.2
.7
3.1
.5
25.3
20.0
.9
.8
3. 1
.5
9
10
11
12
-3.8
-15.2
.1
-15.3
22.2
*
5.2
-5. 1
-3.7
-31.6
6.8
-38.5
35.4
3.5
18.6
-15. 1
70.6
9.9
34.1
-24.2
64.0
10.0
21.8
-11.8
83.4
2.8
44.0
-41.2
90.9
21.6
33.9
-12.2
51.7
-3.9
27.3
-31.3
56.6
19.2
31.3
-12. 1
13
14
15
1.7
♦
-.1
5.4
V
-.5
5.8
-. 1
-.6
4.0
♦
-.5
5.4
*
.3
6.5
*
-.4
10.3
V
.3
2.8
♦
.2
6.5
*
.3
2.0
♦
.4
1.8
♦
.2
16
17
18
19
20
14.1
.6
6.1
4. 1
3.2
18.5
.5
9.6
5.3
3. 1
20.6
2.9
7.3
8.3
2.0
25.2
3.4
11.5
7.7
2.7
41.7
4.5
15.4
18.9
2.9
42.8
.8
21- 1
18. 1
2.8
52.4
9.2
22.4
18.0
2.9
38.8
6.3
18. 1
11.5
2.9
39.9
2.0
12.0
23.0
3.0
35.7
.5
9.2
22.9
3.0
37.4
6.0
8.4
20.0
3. 1
21
22
-2.8
-1.5
-1.8
.7
-.6
2.8
3.5
-.4
13.7
-.4
6.7
-1.6
10.5
7.1
19.4
8.0
15.2
-6.2
9.6
-10.3
5.2
2.4
BILLIONS OF DOLLARS.
♦
1/84 BASED ON INCOHPLETE INFOBHATION.
-8.3 Net issues
48.8
Hutual funds
-57.0
-60.0
-1.4
.8
3. 1
.5
Other sectors
Nonfin. corporate business
Foreign
Coaaercial banks
Other insurance coapanies
Beits
1
2
3
4
5
6
7
8
-8.3 Net purchases
Households
-55.3
48.8
Hutual fund shares
-104.0
Other eguities
9
10
11
12
Foreign
Coaaercial banking
Hutual savings banks
13
14
15
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
16
17
18
19
20
Hutual funds
Brokers and dealers
21
22
HAX 22, 1984
Mortgages - I
Hortgages - I
Mortgage Harkets by Type of Mortgage
36
ONADJOSTED BET FLOWS(3 HILL)
OBADJDSTED NET PIONS($ HILL)
1982 |
IV
|
1983
II
I
III
|
|
If
1984
I
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
Total Mortgages
1 Net change in nortgages
2
Hoae nortgages
3
Multi-fanily resid.
4
Coaaercial
5
Fara
21,253
15,399
87
5,282
4 85
27,092
17,534
507
8,845
206
40,322
24,931
2,487
11,848
1,056
52,233
36,060
1,992
13,137
1,044
50,979
32,375
3,882
14,167
555
43,628
32,541
2,746
7,777
564
64.5
37.3
6.9
15.3
5.0
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
1
2
3
4
5
6 Borrowings bys
7
O.S. Governaent
8
Beits
21,253
-31
29
27,092
-15
6
40,322
-32
6
52,233
-14
6
50,979
-20
7
43,628
-37
7
64.5
-.1
.2
57.9
-. 1
.4
85.4
-. 1
.4
126.2
-. 1
♦
150.2
-. 1
. 1
6
7
8
21,255
16,267
654
4,334
485
4,418
-569
27,101
20,698
631
5,772
206
7,290
-1,724
40,348
18,037
614
21,697
1,056
17,091
3,550
52,241
32,422
634
19,185
1,044
16,254
1,887
50,992
34,447
610
15,935
555
16,393
-1,013
43,658
36,927
622
6,109
564
7,639
-2,094
64.4
38.0
1. 1
25.4
5.0
19.4
.9
57.6
40.6
1.0
16.0
4.6
12.5
-1. 1
85. 1
61.4
.8
22.9
5.7
14.8
2.4
126.3
90.8
1. 1
34.4
7.1
23.8
3.5
150.2
111.5
1.3
37.4
7.2
26. 1
4. 1
9
10
11
12
13
14
15
16 Funds advanced by^
17
Households
18
St.+loc. govt. gen. funds
21,253
1,858
1,426
27,092
-760
1,470
40,322
-856
1,437
52,233
-1,179
1,450
50,979
512
1,500
43,628
1,521
1,200
64.5
6.9
2.5
57.9
6.2
1.6
85.4
7.4
1.3
126.2
8.1
.6
150.2 16
14.2 17
2.5 18
19
20
21
O.S. Governaent
Sponsored credit ag.
Mortgage pools
812
2,954
18,288
-1,029
2,116
18,698
1,389
2,702
16,044
362
1,337
18,377
498
3,842
13,217
190
4,072
11,222
3.8
10.2
3.4
6.5
5.3
7. 1
.4
2.9
12.2
4.2
3.5
16. 1
4.2 19
12.2 20
13.6 21
22
23
24
25
26
27
Private finan. institations
Coaaercial banking
Saviags institutions
S+1 associations (1)
Mutual savings banks
Credit unions
-4,085
3,400
-9,730
-9,473
-383
126
6,597
3, 168
1,537
1,626
-216
127
19,606
6,846
10,373
10,064
182
127
31,886
10,082
18,500
17,540
832
128
31,410
8,579
17,416
14,772
2,516
128
25,423
9,000
15,511
14,724
658
129
37.8
12.8
21.3
19.0
2.2
.1
31.1
3.8
30.5
27.7
2.3
.5
61.2
15.1
47.6
42.7
4.4
.5
93.8
27.4
61.9
55. 1
6.5
.3
1,893
1,515
211
105
62
425
-73
1,667
1, 112
328
164
63
225
2,112
1,694
240
116
62
350
-75
3,004
2,631
250
60
63
375
-75
5,115
4,243
300
509
63
400
-100
669
280
172
154
63
172
71
5.4
4.9
*
.6
*
-1.9
.2
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
28
29
30
31
♦ 32
.9 33
-1. 1 34
-931
1,091
-1,345
6.7
-4.0
-2.0
4.3
12.5 35
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)
Insarance
Life insurance coapanies
Private pension funds
St.+loc. govt, rtr.funds
Other insurance cos.
Finance coapanies
Beits
-1,641 -5,985 -1,223
35 (1) Heao: FHLB loans to s+1
associations (included in "other loans" category).
♦
103.5
35. 1
58.4
51.4
6.5
.6
22
23
24
25
26
27
10.2
9.4
.3
.5
Hoae Hortgages
1 Net borroving
Households
2
Noafara noncorp, business
3
Nonfin. corporate business
4
15,399
16,267
-434
-434
17,534
20,698
-1,582
-1,582
24,931
18,037
3,447
3,447
36,060
32,422
1,819
1,819
32,375
34,447
-1,036
-1,036
32,541
36,927
-2,193
-2,193
37.3
38.0
-.3
-.3
42.0
40.6
.7
.7
63.9
61.4
1.2
1.2
94.0
90.8
1.6
1.6
112.2
111.5
.4
.4
1
2
3
4
5 Net change in assets
6
Households
State and local governaents
7
15,399
1,421
913
17,534
-1,173
1,092
24,931
-1,688
1,269
36,060
-1,695
800
32,375
-1,812
900
32,541
584
800
37.3
6.4
.7
42.0
5.5
.8
63.9
4.8
.8
94.0
5.4
.2
112.2
11.5
2.0
5
6
7
271
2,661
18,221
1,996
-531
1,923
17,962
-811
776
2,321
16,186
1,686
377
1,200
18,058
4,022
126
3,876
12,975
3,618
25
4,093
10,927
4,161
1.4
5.5
3.3
6.6
4. 1
2.5
7.3
2. 1
-.7
.5
11.9
9.2
2.5
.5
15.7
18.9
1.9 8
9.0 9
12.4 10
24. 1 11
-10,301
-10,353
-74
126
-882
-1,977
968
127
4,581
3,165
1,289
127
12,673
11,405
1,140
128
12,486
10,901
1,457
128
11,585
10,848
608
129
16. 1
15.3
-7
.1
22.6
21.3
.8
.5
38.8
35.2
3. 1
.5
52.0
46.8
4.9
.3
50.5
45.1
4.9
.6
12
13
14
15
-58
-122
80
-16
-196
-355
105
54
-425
-528
150
-47
-234
-326
100
-8
-19
-149
125
5
180
-34
163
51
-1.4
-1.4
.1
-1.9
-1.4
-. 1
-.4
-1.6
-1.5
-.1
•
-1-3
-1.4
*
. 1
-. 1
-.3
.3
-. 1
16
17
18
19
300
-25
150
-
250
-25
779
80
250
-25
182
4
-1.2
-.2
-.5
-.5
.4
-.2
.4
-.2
8
9
10
11
O.S. Governaent
Spons. credit agencies
Mortgage pools
Coaaercial banking
12
13
14
15
Savings institutions
Savings and loan assns.
Hutual savings banks
Credit unions
16
17
18
19
Insurance
Life insarance coapanies
Private pension funds
St.+loc. govt. rtr. funds
20
21
Finance coapanies
Beits
1/84 BASED ON PBELIHINABI AND INCOHPLETE INFOBHATION
♦
1. 1 20
-.2 21
MAY 22, 1984
Mortgages - I
Bortgages - I
37
Mortgage Markets by Type of Nortgage
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
SEASONALLY ADJUSTED ANNUAL RATES
1983
| 1982 |
I
IV
I
1983
I
II
III
IV
1
I
1984
I
Total Mortgages
1
2
3
4
5
163.5
120.0
7.7
24.0
11.8
134.9
96.7
8.7
20.1
9.3
113.9
75.9
4.0
24.2
9.7
83.0
56.6
1.2
20. 1
5.2
170.6
110.9
8.9
48.0
2.9
84.9
60.5
.2
19.9
4.4
124.2
86.2
2. 1
36.6
-.7
156.3
99.6
10.2
43.8
2.7
197.9
129.3
7.7
56.0
4.9
204. 1
128.5
15.4
55.7
4.5
189.2 Net change in aortgages
145.7
Hoae aortgages
Multi-faaily resid.
11.0
31.8
Coaaercial
.6
Fara
1
2
3
4
5
6
7
8
163.5
1
*
134.9
-. 1
-.1
113.9
-.1
-.5
83.0
-.1
.1
170.6
-.1
♦
84.9
-. 1
. 1
124.2
-. 1
*
156.3
-. 1
*
197.9
-. 1
*
204. 1
-. 1
*
189.2 Borrowings by:
U.S. Governaent
-. 1
♦
Beits
6
7
8
9
10
11
12
13
14
15
163.6
121.2
1.5
40.8
11.8
27.6
1.4
135.1
98.3
1.9
34.9
9.3
23.5
2.0
114.5
78.8
2.3
33.4
9.7
25.2
-1.5
83.0
55.8
2.6
24.6
5.2
19.6
-.2
170.7
105.6
2.5
62.6
2.9
57.0
2.7
84.9
57.7
2.6
24.6
4.4
19.5
.7
124.2
77.7
2.5
44.0
-.7
40.9
3.8
156.4
90.0
2.5
63.9
2.7
55.7
5.5
198.0
124.0
2.5
71.4
4.9
63.8
2.7
204.2
130.7
2.4
71. 1
4.5
67.6
-1. 1
189.3
140.3
2.5
46.5
.6
42.7
3.1
16
17
18
163.5
20.0
6.3
134.9
22.2
9.9
113.9
23.1
7.6
83.0
15.3
4.9
170.6
-2.3
5.9
84.9
8.4
5.7
124.2
-4.5
5.9
156.3
-3.3
5.7
197.9
-4.3
5.8
204. 1
3.0
6.0
189.2 Funds advanced by:
4.6
Households
4.8
St.+loc. govt. gen. funds
19
20
21
6.6
14.4
23.1
7.5
14.1
19.2
4.9
12.6
15.0
2.4
13.8
49.5
1.2
10.0
66.3
3.7
12.6
70.8
-4.3
10. 1
74.6
5.4
11.2
66.2
1.3
2.7
74.3
2.4
16. 1
50.2
.5
18.7
44.6
22
23
24
25
26
27
93.0
30.6
48.4
44.2
3.6
.6
62.0
17.8
29.8
28.7
.6
.5
50.6
21.5
18.4
18.3
-.4
.5
-3.0
16. 1
-25.6
-23.5
-2.6
.5
89.5
28.7
47.8
44.0
3.3
.5
-16.3
14.0
-38. 1
-36.3
-2.3
.5
42.4
17.8
17.3
17.0
-.2
.5
71.0
23.5
38.3
36.5
1.3
.5
118.2
38.6
64.8
61.5
2.8
.5
126.4
34.8
70.9
61.0
9.3
.5
116. 1
40.5
72.9
69.2
3.2
.5
28
29
30
31
32
33
34
14.2
12.6
.3
1.0
.3
.8
-1.0
14.5
12.3
.6
1.3
.3
.6
-.7
8.9
6.7
.1
1.8
.4
2.9
-1. 1
6. 1
4.2
.4
1.3
.3
1.1
-.7
11.9
9.7
1. 1
.8
.3
1.4
-.3
5.3
3.8
.8
.4
.2
2.7
-.3
7.5
5.1
1.5
.7
.3
-.3
-
8.5
7.2
.6
.5
.2
1.0
-.3
13.0
11.4
1.1
.2
.3
2.0
-.3
18.5
15.0
1-2
2.0
.3
2.7
-.4
3.3
1.5
1-0
.6
.3
-.9
.3
35
9.2
7. 1
16.2
.8
-7.0
-6.0
-14.4
-11.4
Private nonfinancial sectors
Households
Nonprofit institutions
Nonfinancial business
Faras
Nonfara noncorporate
Corporate
U.S. Governaent
Sponsored credit ag.
Mortgage pools
(1)
Private finan. institutions
Coaaercial banking
Savings institutions
S+1 associations (1)
Butual savings banks
Credit unions
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr.funds
Other insurance cos.
Finance coapanies
Beits
4.5 (1) Meao: FHLB loans to s+1
-8.4
6.0
associations (included in "other loans" category).
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Hoae Mortgages
1
2
3
4
120.0
121.2
-.6
-.6
96.7
98.3
-.8
-.8
75.9
78.9
-1.4
-1.4
56.6
55.8
-4
.4
110.9
105.6
2-6
2.6
60.5
57.7
1.4
1.4
86.2
77.7
4.2
4.2
99.6
90.0
4.8
4.8
129.3
124.0
2.6
2.6
128.5
130.7
-1.1
-1.1
145.7 Net borrowing
Households
140.3
2.7
Nonfara noncorp, business
2.7
Nonfin. corporate business
1
2
3
4
5
6
7
120.0
16.0
4.7
96.7
20.5
7.9
75.9
20.5
5.8
56.6
13.2
2.9
110.9
-6.4
4. 1
60. 5
5.7
3.7
86.2
-4.7
4.4
99.6
-6.8
5.1
129.3
-6.8
3.2
128.5
-7.2
3.6
145.7 Net change in assets
Households
2.3
State and local governnents
3.2
5
6
7
8
9
10
11
2.3
9.2
21.8
20.0
2.7
7.6
18.7
10.9
2.4
5.0
14.1
9.7
1.5
10.3
49.3
6.3
.7
9.3
65-2
8.5
1. 2
10.3
70.6
6.7
-2.3
9.9
71.7
2.2
3.3
10.8
66.7
5.5
1.4
1.6
73.0
13.4
.6
15.1
49.3
13.0
-.2
19.4
43.4
21.8
U.S. Governaent
Spons. credit agencies
Mortgage pools
Coaaercial banking
8
9
10
11
12
13
14
15
42.9
39.5
2.8
.6
2 8. 1
26.5
1.1
.5
17.0
16. 1
.3
.5
-27.5
-26.2
-1.8
-5
28.9
23.5
4.9
.5
-39.4
-38.4
-1.5
.5
6.5
1.3
4.7
.5
15.8
9.5
5.8
.5
40.8
36.0
4.3
.5
52.2
47.1
4.6
.5
56. 1
52.4
3.2
.5
Savings institutions
Savings and loan assns.
Butual savings banks
Credit unions
12
13
14
15
16
17
18
19
2.4
1.8
.3
.3
2.5
1.8
.4
-4
-.4
-.7
-. 1
.4
-.2
-.5
.2
.1
-.9
-1.4
.5
*
-.3
-.6
.4
-. 1
-.9
-1.8
.6
.2
-1.3
-1.3
.2
-.2
-1.3
-1.7
.5
*
•
-.6
.6
*
.5
-.5
.9
.2
Insurance
Life insuraace coapanies
Private pension funds
St.+loc. govt. rtr. funds
16
17
18
19
20
21
.9
-.2
-2.2
-.1
2.0
-. 1
1.0
-.2
1.4
*
2.2
-.1
-.6
-
.6
-. 1
3.6
.3
2. 1
-. 1
-.9
*
Finance coapanies
Beits
20
21
BILLIONS OF DOLLABS.
1/84 BASED ON INCOBPLETE INFOBHATION.
HAY 22, 1984
Mortgages - II
Hortgages - II
38
Hortgage Harkets (Continued)
UNADJUSTED NET FLOHS($ HILL)
UNADJUSTED NET FLOHS($ HILL)
1982 |
IV
1
1983
II
I
III
IV
j|
||
1984
I
1974
BILLIONS OF DOLLABS
1976
1977
1975
1978
Hulti-Fanily Besidential Hortgages
3
4
5
1 Net borrowing
Nonfarn noncorp, business
Nonfin. corporate business
Beits
U.S. Governnent
87
5
103
10
-31
507
456
64
2
-15
2,487
2,232
285
2
-32
1,992
1,782
222
2
-14
3,882
3,750
150
2
-20
2,746
2,583
198
2
-37
6.9
5.5
1.4
.1
-.1
*
-.3
.3
. 1
-.1
3.9
2.7
1.2
. 1
-.1
7.0
5. 1
2.0
*
-.1
9. 1
6.5
2.7
*
-. 1
1
2
3
4
5
6 Net change in assets
Households
7
8
State and local governaents
87
1
369
507
112
239
2,487
192
235
1,992
-308
300
3,882
664
300
2,746
146
200
6.9
-- 1
1.4
♦
-.3
.7
3.9
.2
.3
7.0
.4
.3
9. 1
.5
.4
6
7
8
314
-35
69
175
-400
-10
499
-191
116
38
110
646
-189
-96
338
548
126
-25
241
599
63
2
297
560
.7
2.2
.2
.6
1.2
.2
.4
-1.7
.2
-.1
.5
2.2
.3
.1
.9
1. 1
.9 9
♦ 10
1.5 11
1. 1 12
2
9
10
11
12
U.S. Governnent
Spons. credit agencies
Hortgage pools
Coanercial banks
13
14
15
Savings institutions
Savings and loan assns.
Hutaal savings banks
-780
-726
-54
110
956
-846
1,031
1,769
-738
1,972
2,247
-275
1,284
1,423
-139
1,399
1,489
-90
1.7
1.0
.7
2.6
1.7
.9
3.3
2.9
.4
4.9
4. 1
.8
4.4 13
3.6 14
.8 15
16
17
18
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
-120
18
51
-22
11
134
-47
15
126
79
50
73
332
50
261
18
27
51
1.2
•
.1
♦
*
.2
-.5
*
*
-.4
*
-.2
.2 16
-. 1 17
.6 18
19
20
Finance conpanies
Beits
50
-25
25
-
50
-25
-655
-120
75
-25
-34
17
-1.3
.2
-.8
-2.6
-.5
-1.7
.3
-.8
.1 19
-.5 20
Connercial Hortgages
1 Net borrowing
2
Households
3
Nonfarn noncorp, business
4
Nonfin. corporate business
5
Beits
5,282
654
4,847
-238
19
8,845
631
8,416
-206
4
11,848
614
11,412
-182
4
13,137
634
12,653
-154
4
14,167
610
13,679
-127
5
7,777
622
7,249
-99
5
15.3
1. 1
14.2
-.2
.1
11.2
1.0
12.0
-2. 1
.3
11.9
.8
10.8
.3
18. 1
1.1
17.1
-. 1
6 Net change in assets
7
Households
8
State and local governaents
9
U.S. Governnent
Connercial banking
10
5,282
254
133
168
1,219
8,845
268
152
64
4,082
11,848
443
-54
99
4,136
13,137
505
250
104
5,255
14,167
1,540
200
105
4,151
7,777
585
150
15
3,989
15.3
-.9
.3
1.4
5.0
11.2
-.3
18. 1
.9
.5
3. 1
11.9
.7
*
.4
3.4
.6
6.3
21.7 6
1.2 7
* 8
.6 9
9.2 10
♦
♦
♦
21.7
1.3
19.3
1. 1
. 1
1
2
3
4
5
11
12
13
Savings institutions
Savings and loan assns.
Hutual savings banks
1,350
1,606
-256
2,309
2,647
-338
4,762
5, 130
-368
3,855
3,888
-33
3,645
2,448
1,197
2,526
2,387
139
3.4
2.6
.8
5.3
4.6
.7
5-6
4.6
.9
4.9
4.2
.7
3.5 11
2.7 12
.8 13
14
15
16
17
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
Other insurance conpanies
1,861
113
70
62
1,657
212
-12
63
2,258
75
42
62
2,793
100
-4
63
4,070
125
243
63
342
-18
51
63
4.8
.5
*
3.9
. 1
.3
. 1
3.7
. 1
.2
.1
5.5
. 1
.4
. 1
7.8
. 1
. 1
*
18
19
Finance conpanies
Beits
75
-23
50
-
50
-25
251
-35
75
-50
24
50
.6
.2
*
-1.8
-.3
-1.8
.6
-1.3
♦
14
15
16
17
-.3 18
-.5 19
Farn Hortgages
1 Net borrowing
485
206
1,056
1,044
555
564
5.0
4.6
5.7
7. 1
7.2
1
2 Net change in assets
3
Households
4
State and local governaents
485
182
11
206
33
-13
1,056
197
-13
1,044
319
100
555
120
100
564
206
50
5.0
1.4
*
4.6
1.4
*
5.7
1.7
. 1
7. 1
1.4
*
7.2
.9
. 1
2
3
4
5
6
7
59
328
-2
-162
203
237
398
343
-252
70
233
-19
141
-9
1
87
-23
-2
.2
2.5
♦
-7
2.6
-.6
.6
2.5
-.2
.8
2.9
-.5
.8
3.2
-.3
5
6
7
10
1
-104
-
88
-168
-12
378
-1
11
-5
257
85
-1
21 1
1
-10
-
290
1
-46
1
.6
*
.3
-.1
.3
*
.4
-.2
.4
*
.7
1.0
*
1.4
*
.7 8
* 9
1.7 10
* 11
8
9
10
11
U.S. Governnent
Sponsored credit agencies
Hortgage pools
Connercial banks
Hutual savings banks
Life insurance conpanies
St.+local govt. rtr. funds
1/84 BASED ON PBELIHIHABY AND INCOHPLETE INFOBHATION
♦
HAY 22, 1984
Hortgages - II
Hortgages - II
Mortgage Harkets (Continued)
39
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1983
1982
|
1
1982 |
IV
I
1983
II
I
III
I
II
IV
1984
I
Multi-Family Besidential Hortgages
-.1
15.4
15.0
.5
*
-. 1
11.0 Net borrowing
Nonfarm noncorp. business
10.3
Nonfin. corporate business
.9
*
Beits
U.S. Governnent
-. 1
1
2
3
4
5
10.2
.8
.9
7.7
-1.2
1.2
15.4
2.7
1.2
11.0 Net change in assets
.6
Households
.8
State and local governaents
6
7
8
-1.6
*
2.0
-.8
.5
.2
.4
2.6
-.8
-.4
1.4
2.2
.5
-.1
1.0
2.4
.3
*
1.2
2.2
U.S. Governaent
Spons. credit agencies
Hortgage pools
Coaaercial banks
9
10
11
12
-3- 1
-2.9
-.2
.4
3.8
-3.4
4. 1
7.1
-3.0
7.9
9.0
-1.1
5.1
5.7
-.6
5.6
6.0
-.4
Savings institutions
Savings and loan assns.
Hutual savings banks
13
14
15
.3
.1
.6
-.6
*
.2
*
.1
.5
.1
. 1
.5
.1
.2
.3
1.3
.1
1.0
.1
.2
.2
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
16
17
18
-.5
-.2
.2
-. 1
.1
.2
-.1
-2.6
-.5
.3
-.1
-. 1
. 1
Finance companies
Beits
19
20
1
2
3
4
5
7.7
5.4
2.4
*
-.1
8.7
5.8
3.0
*
-.1
4.0
3.0
1.3
-.2
-. 1
1.2
.8
.5
*
-. 1
8.9
8.2
.7
*
-. 1
.2
*
.2
*
-. 1
6
7
8
7.7
.5
1.2
8.7
-5
1.5
4.0
*
1.2
1.2
*
1.3
8.9
.7
1.1
9
10
11
12
1.1
.2
1.2
.9
1.9
.2
.7
1.7
1.0
-.1
1. 1
2.2
-.3
-.1
.4
.6
13
14
15
2.1
1.5
.6
.1
.6
-.6
-.5
-.3
-.2
16
17
18
-3
.2
♦
♦
.6
.5
19
20
-.1
-.2
1.7
-.3
—------
-
-. 1
10.2
8.9
1.4
*
-. 1
1.5
2.1
.4
1.0
-.3
-.1
1.2
1.6
1.3
-. 1
.3
.7
-1.5
-.8
-.7
4.4
6.4
-2.0
-.2
-. 1
.9
-.4
*
.6
-1.1
-.3
.8
-.2
24.2
2.3
23.6
-1.3
-.3
20. 1
2.6
18.4
-1. 1
.1
48.0
2.5
46.2
-.7
♦
20.1
1.9
18.4
-.2
-. 1
6
7
8
9
10
24.0
1.1
.2
.8
9.7
20.1
.8
.3
1.2
5.1
24.2
1.0
.5
1.0
9.9
11
12
13
3.4
3.1
.2
1.6
1.6
•
14
15
16
17
8.9
*
.2
.3
18
19
♦
-.5
24.0
1.5
22.8
-.4
.2
♦
Connercial Hortgages
-
-----
1
2
3
4
5
2.1
1.8
.4
♦
7.7
7.1
.6
♦
— — —— ________
36.6
2.5
34.9
-.8
♦
19.9
2.6
18. 1
-1.0
. 1
20. 1
.7
.8
.7
9.0
48.0
2.8
.5
.4
17.6
2.0
2.5
-.6
3.4
3.5
-.1
9.5
.2
.3
.3
7.5
-2
.4
.4
1.0
-.4
2.0
-.6
56.0
2.5
54.1
-.6
♦
43.8
2.5
42.0
-.7
*
♦
♦
19-9
1.0
.5
.7
6.7
36.6
1.1
.6
.3
15.8
43.8
1.8
-.2
.4
13.9
56.0
2.0
1.0
.4
22. 1
55.7
6.2
.8
.4
18.6
31.8 Net change in assets
2.3
Households
.6
State and local governaents
.1
U.S. Governaent
15.2
Coaaercial banking
6
7
8
9
10
14.6
14.1
.5
4.4
5.0
-.6
10.3
11.8
-1.5
18.4
19.9
-1.5
16.1
16.5
-.4
13.5
8.2
5.3
11.2
10.8
.4
Savings institutions
Savings and loan assns.
Hutual savings banks
11
12
13
5.3
. 1
.6
.3
10.8
.5
.3
.3
5.4
.5
.3
.2
7.2
.8
*
.3
8.7
.3
.2
.2
12.8
.4
*
.3
14.3
-5
1.0
.3
1.8
-. 1
.2
.3
Life insurance coapanies
Private pension fands
St.+local govt. rtr. funds
Other insurance coapanies
14
15
16
17
-.7
-.3
.4
-.1
.3
-. 1
.2
-
.2
-.1
1.0
-.1
.3
-.2
.1
.2
Finance coapanies
Beits
18
19
.6 Net borrowing
55.7
2.4
53.7
-.5
31.8 Net borrowing
2.5
Households
Nonfara noncorp. business
29.7
-.4
Nonfin. corporate business
*
Beits
1
2
3
4
5
Farn Hortgages
1
11.8
9.3
9.7
5.2
2.9
4.4
-.7
2.7
4.9
4.5
2
3
4
11.8
2.4
.2
9.3
.3
.3
9.7
1.6
. 1
5.2
1.4
*
2.9
.7
.2
4.4
1.7
♦
-.7
-1.3
-.1
2.7
.9
-. 1
4.9
1.7
.4
4.5
1.4
.4
.6 Net change in assets
-.7
Households
.2
State and local governaents
2
3
4
5
6
7
2.3
5.0
.1
1-8
6.3
-.2
.6
7.6
-. 1
-5
3.6
-.2
.4
.8
*
.6
2.4
*
-.6
.2
.9
1.3
.3
-1.0
-2
1.5
-.1
.9
1. 1
*
.4
-.7
*
U.S. Governaent
Sponsored credit agencies
Hortgage pools
5
6
7
8
9
10
11
.1
*
1.7
♦
.1
*
.8
*
-.3
. 1
*
.1
*
-.3
*
.9
-.1
♦
*
*
-.4
.5
-.4
*
1.5
*
-.2
*
.9
.3
♦
.8
*
*
1.3
*
.1
a
Coaaercial banks
Hutual saviags banks
Life insurance coapanies
St.+local govt. rtr. funds
8
9
10
11
BILLIONS OF DOLLABS.
1/84 BASED ON INCOHPLETE INFOBHATION.
1
NAY 22, 1984
Consuaer Credit and Bank loans N.E.C
40
Consuner Credit and Bank Loans N.E.C.
Consuner Credit and Bank Loans Not Elsewhere Classified
OHADJOSTED NET FLOHS($ HILL)
OHADJOSTED HET FLOHS ($ HILL)
1982 |
IV
1
1983
II
I
IV
III
J
1984
I
I
BILLIOHS OF DOLLABS
1974
1975
1976
1977
1978
Consuaer Credit
1 Het change in liabilities (HH)
2
Installnent credit
3
Noninstallaent credit
10,290
7,329
2,961
-4,534
-4,113
-421
11,260
8,869
2,391
17,191
14,641
2,550
27,355
20,836
6,519
7,647
6,384
1,263
9.9
9.5
.4
9.6
7.7
1.9
25.4
21.5
3.9
40.2
37.0
3.2
48. 8
43. 1
5.7
1
2
3
4 Net change in assets
5
Installnent credit
6
Honfarn noncorp, business
7
Nonfin. corporate business
8
Connercial banking
9
Sawings and loan assns.
10
Hutual sawings banks
11
Credit unions
12
Finance conpanies
10,290
7,329
208
578
2,268
840
82
407
2,946
-4,534
-4,113
-169
-1,530
-3,493
1,769
338
-172
-856
11,260
8,869
52
473
3,068
1,353
251
1,571
2,101
17,191
14,641
746
8,908
1,040
346
2,471
1,130
27,355
20,836
302
1,920
11,005
1,630
387
2,348
3,244
7,647
6,384
-149
-1,384
5,647
1,456
993
2,421
-2,600
9.9
9.5
*
.3
4. 1
.7
.2
2.3
1.9
9.6
7.7
-. 1
.3
2.9
.5
.2
3.8
.2
25.4
21.5
*
.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
.5
6.7
11.6
4
5
6
7
8
9
10
11
12
Noninstallaent credit
Nonfarn aoncorp. business
Honfin. corporate business
Connercial banking
Sawings and loan assns.
Hutual sawings banks
2,961
838
1,496
171
372
84
-421
535
-812
-492
263
85
2,391
656
370
900
385
80
2,550
645
495
850
405
155
6,519
1,637
2,147
1,985
610
140
1,263
601
-278
440
350
150
.4
.7
.3
-.8
.2
♦
1.9
.9
.4
.2
.4
•
3.9
1.2
1.3
1.2
- 1
.2
3.2
.7
-1.4
3.6
.2
.1
5.7
1.4
1.2
2.6
.3
.2
13
14
15
16
17
18
13
14
15
16
17
18
♦
.6
23.6
♦
Bank Loans Not Elsewhere Classified
Total loans at connercial
1
banks, flow of funds basis
18,694
-4,168
18,399
21,171
45,883
27,540
57.7
-2. 1
43.8
82.0
116.4
1
3,400
2,439
3,372
-33
9,516
3,168
-3,985
-3,204
-490
343
6,846
3,968
3,307
-1,419
5,697
10,082
9,758
-2,225
332
3,224
8,579
12,990
4,508
198
19,608
9,000
6,087
-1,541
-425
14,419
12.8
3.4
-2.2
2.2
41.5
3.8
3. 1
2. 1
1. 1
-12. 1
15. 1
12.0
6.6
3.7
6.4
27.4
22.3
2.2
.3
29.9
35. 1
26.2
-2.9
-1.3
59.3
2
3
4
5
6
9,654
94
-232
377
43
-77
8,000
-235
-2,068
1,823
-105
1,506
22,096
63
-2,551
12,145
35
2,239
34.3
.9
6.3
-12.8
-.5
1.2
3.2
-.3
3.5
24.6
.6
4.7
42. 1
-1.0
18. 1
7
8
9
10 ♦ Loans by F.B. banks
11
Total bank loans n.e.c.
9,516
343
5,697
3,224
19,608
14,419
41.5
-12. 1
6.4
29.9
10
59.3 11
12 Net change in liabilities
13
Nonfinancial sectors
14
Bouseholds
15
Farn business
16
Nonfara noncorp, business
17
Corporate business
9,516
8,229
2,909
-872
742
6,214
343
1,963
-1,004
310
783
-2,526
5,697
6,946
3,578
2,071
512
-648
3,224
3,722
92
586
-45
3,648
19,608
17,263
952
-175
403
17,574
14,419
15,871
3,720
-34
199
17,476
41.5
36.9
1.6
1.1
-1.0
31. 1
-12. 1
-8.4
-1.2
2.0
-2.0
-9. 1
6.4
10.1
•
3.0
-3.6
5.2
29.9
30.2
2.8
2.5
.9
20.9
59. 3
56.5
4. 1
2.5
.3
30.6
12
13
14
15
16
17
2
3
4
5
6
7
8
9
Loans elsewhere classified:
Hortgages
Consuaer credit
Security credit
Cpen-narket paper
Banking sector total bank
loans n.e.c.
O.S.-chartered banks
Doaestic affiliates
Foreign banking offices
18
19
20
21
Foreign
Official institutions
Banks
Other
-764
-519
1,626
-1,871
4,400
1,255
781
2,364
1,433
851
54
528
-559
-266
-530
237
-1,491
958
-1,658
-791
-5,490
-861
-2,016
-2,613
4.0
.3
3.1
.6
2.0
.3
1.1
-7
5.6
.9
4.2
.5
3. 1
. 1
2.7
.3
19. 1
2. 1
9.5
7.4
18
19
20
21
22
23
24
25
Financial sectors
Sawings and loan assns.
Finance conpanies
Beits
1,287
-2,224
3,491
20
-1,620
-6
-1,664
50
-1,249
171
-1,469
49
-4 98
2,333
-2,881
50
2,345
332
1,964
49
-1,452
1,211
-2,713
50
4.6
-.4
.7
4.4
-3.7
-.3
-2.8
-.6
-3.7
.2
-2.1
'-1.9
-.3
1.4
.7
-2.4
2.8
.3
3.9
-1.4
22
23
24
25
1/84 BASED OM PBELIHIHABY AND INCOHPLETE IHFOBHATIOH
HAY 22,
1984
Consuaer Credit and Bank Loans N.E.C.
Consuaer Credit and $44k Loans N.E.C.
41
Consuaer Credit and Bank Loans Not Elsewhere Classified
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL BATES
I
1979
1980
1981
1982
1983
1
1982 |
17 1
1983
I
II
III
17
|
1
1984
I
Consuaer Credit
1
2
3
45.4
38.4
7.1
4.9
1.4
3.4
24.1
18.2
5.9
18.3
13. 1
5.2
51.3
40.2
11.0
23.6
17.0
6.5
26.5
22.6
3.9
45.3
33.3
12.1
48.7
42.0
6.7
84.6
63. 1
21.4
78.5 Net change in liabilities (HB)
Installaent credit
67.8
10.7
Noninstallaent credit
4
5
6
7
8
9
10
11
12
45.4
38.4
*
.5
18.2
1.3
*
2.2
16.2
4.9
1.4
-. 1
-.1
-7.2
1.5
.1
-2.5
9.8
24. 1
18.2
.1
.3
.6
1.7
-. 1
1.9
13.7
18.3
13. 1
•
-.4
4.4
2.6
.2
1.3
4.9
51.3
40.2
.2
1.6
19.5
5.8
1.3
6.2
5.6
23.6
17.0
*
-2.2
6.2
3. 1
.3
2.6
6.9
26.5
22.6
.1
1.2
3.6
7.5
1.4
.9
8.0
45.3
33.3
.3
1.4
11.4
5.7
1.0
6.3
7. 1
48.7
42.0
*
.7
24.9
3.7
1.4
7.3
4.1
84.6
63. 1
.4
3.2
38. 1
6.3
1.5
10.4
3.3
78.5 Net change in assets
4
Installaent credit
5
67.8
6
Nonfara noncorp, business
.2
Nonfin. corporate business 7
3.0
8
41.5
Coaaercial banking
Savings and loan assns.
9
6.2
4.0
Hutual savings banks
10
11.4
Credit unions
11
Finance coapanies
12
1-6
13
14
15
16
17
18
7.1
1.8
1.1
1.7
2.4
*
3.4
•6
.5
1.0
1.1
.3
5.9
2.6
1.8
3.4
-1.8
5.2
1.7
.5
1.9
.7
.4
11.0
3.5
2.2
3.2
1.7
.5
6.5
.5
3.6
.6
1.5
.3
3.9
3.3
•1.0
.3
1.1
.3
12. 1
4.2
2.2
3.8
1.5
.3
6.7
2.0
1.6
.9
1.6
.6
21.4
4.4
6.0
8.0
2.4
.6
10.7
3.2
1.5
4.0
1.4
.6
56.7
149. 1
197.0
♦
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
104.8
62.0
92.2
74.2
81.3
43.6
67.4
52.0
Total loans at coaaercial
banks, flow of funds basis
- Loans elsewhere classified:
40.5
Hortgages
Consuaer credit
45.5
11.8
Security credit
-2.4
Open-aarket paper
101.6 X Banking sector total bank
loans n.e.c.
90.6
U.S.-chartered banks
.1
Doaestic affiliates
10.9
Foreign banking offices
1
2
3
4
5
6
30.6
19.9
-.9
2.2
53.0
17.8
-6.2
•8
1.8
47.8
21.5
4.0
5.3
.8
60.6
16.1
6.3
•
.3
51.4
28.7
22.7
2.4
-1.4
28.9
14.0
6.8
.5
2.5
19.8
17.8
3.8
4.0
-1.3
43.0
23.5
15.2
8.6
-6.7
11.3
38.6
25.8
-6.7
-2.1
1.1
34.8
46.1
3.7
4.6
60.0
7
8
9
39.9
-.1
13.2
32.3
-.1
15.5
54.7
.1
5.8
51.2
.1
.2
32.3
-.2
-3.2
21.9
.4
-2.5
41.5
.2
1.4
11.1
-.9
1.2
5.5
-.4
-4.0
71.1
.3
-11.3
10
11
53.0
47.8
60.6
51.4
28.9
19.8
43.0
11.3
1.1
60.0
- ♦ Loans by F.B. banks
101.6
Total bank loans n.e.c.
10
11
12
13
14
15
16
17
53.0
53.4
1.9
2.8
.6
45.9
47.8
48.2
3.6
.5
3.4
29.1
60.6
58.4
4.3
1.4
6.2
42.9
51.4
48.2
2.4
3.2
7.3
41.5
28.9
29.9
3.6
2.8
1.7
18.0
19.8
18.7
6.0
.3
3.3
12. 1
43.0
47.5
8.8
3.8
3.8
6.8
11.3
16.2
8.7
2.8
-1.5
1.4
1.1
-.2
-1.0
1.1
2.1
6.2
60.0
56. 1
-1.9
3.5
2.2
57.8
101.6 Net change in liabilities
106.7
Nonfinancial sectors
28.5
Households
2.4
Fara business
1.9
Nonfara noncorp, business
Corporate business
89.5
12
13
14
15
16
17
18
19
20
21
2.3
2.1
-4.1
4.2
11.5
4.5
4.7
2.3
3.7
.8
-4.5
7.3
-6.2
.7
-6.8
3.8
2.8
-1.4
2.3
-3.1
-2- 1
8.3
-9.4
24.3
5.0
8.1
11.1
4.9
3.4
-3.7
5.2
-8.6
-1.1
-6.2
-1.3
-5.5
3.8
-3.7
-5.6
-15.7
-3.4
-4.0
-8.3
Foreign
Official institutions
Banks
Other
18
19
20
21
22
23
24
25
-.4
2.0
-1.0
-1.4
-.4
-.1
1.4
-1.7
2.2
-.2
1.0
1.5
3.2
-3.8
6.9
.1
-1.0
2.8
-4.1
•2
1. 1
-5.9
6.9
.1
-4.4
-.5
-4.1
.2
-4.9
.6
-5.7
.2
1.3
5.9
-4.8
.2
4.0
5.3
-1.6
.2
-5.0
3.8
-9. 1
.2
Financial sectors
Savings and loan assns.
Finance coapanies
Beits
22
23
24
25
BILLIONS OF DOLLABS.
♦
1/84 BASED ON INCOHPLBTE INFOBHATION.
2
3
4
5
6
7
8
9
BAY 22, 1984
Other Loans
Other Loans
Open-Market Paper and Other Loans
42
UBADJUSTED NET FLOWS ($ MILL)
UBADJUSTED NET FLOWS($ MILL)
1982 |
IV I
1983
I
II
III
IV
1
1
1984
I
1974
BILLIONS OF DOLLABS
1976
1977
1975
1978
Open-Market Paper
1 Total net issues, all types
2
Co&aercial paper
3
Nonfinancial corporations
4
Foreign issues in U.S.
5
6
7
8
9
10
11
12
13
Financial business
Connercial hanking
Finance conpanies
Beits
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
14 Net purchases, by sector
15
Households
16
Nonfin. corporate business
17
Foreign
18
19
20
21
22
Sponsored credit agencies
Monetary authority
Connercial banking
Savings + loan associations
Mutual savings hanks
23
24
25
Life insurance conpanies
Mutual funds
Money narket funds
-9,657
-15,382
-11,738
-243
-4,496
4,204
2,546
1,733
5,172
5,108
-1,614
1,770
7,145
4,483
1,127
829
9,963
5,223
-2,512
2,154
11,758
16,846
5, 156
2,376
17.7
8. 1
4. 1
.2
-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
1
2
3
4
-3,401
700
-4,070
-31
-75
431
-489
-17
4,952
631
4,338
-17
2,527
1,547
997
-17
5,581
848
4,750
-17
9,314
3,377
5,954
-17
3.8
3.5
3.6
-3.3
1. 1
.3
.6
-1
2.2
-.8
3.3
-.3
9.6
1.3
8.4
*
14.6
6.7
7.8
. 1
5
6
7
8
5,725
1,136
568
568
4,589
-8,700
-2,772
-1,386
-1,386
-5,928
64
-77
-39
-38
141
2,662
1,223
612
611
1,439
4,740
912
456
456
3,828
-5,088
-203
-102
-101
-4,885
9.6
2.5
1.3
1.3
7. 1
.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
9
10
11
12
13
-9,657
-4,755
311
-346
-4,496
1,828
21
-2,295
5,172
1,913
-1,620
583
7,145
-6,170
4,314
1,751
9,963
7,202
-845
5,314
11,758
1,886
-3,134
1,272
17.7
1.7
4. 1
6.6
-1.2
-4.4
3. 1
-2.6
8. 1
-3. 1
5.0
2.7
15.0
9.8
-. 1
4.4
26.4
15. 4
.2
7.9
14
15
16
17
158
667
-33
620
348
254
-1,480
-490
466
22
-354
203
-1,419
395
-292
216
919
332
1,380
-21
263
-704
198
1,392
1,246
-129
-418
-425
-1,069
1, 192
.9
.9
2.2
-.2
.1
.1
.1
1. 1
.9
.1
*
-. 1
3.7
-. 1
.4
.2
*
.3
-.3
-1.2
-.4
-1. 3
.4
.2
18
19
20
21
22
-640
-300
-5,687
3,440
1,018
-7,280
912
358
4,493
2,112
-153
2,465
-1,253
-221
-2,629
4,554
1,480
6,549
1. 1
-.4
-6
.7
-.2
-. 1
.4
-1. 1
.4
-.3
1.1
.1
♦
1.5 23
1. 1 24
2.6 25
Other Loans
1 Finance co. loans to business
2 Liab.: Noncorporate business
3
Nonfin. corp, business
-1,502
-20
-1,482
1,528
238
1,290
3,152
516
2,636
2,214
180
2,034
9,969
2, 179
7,790
7,030
357
6,673
4.8
-1.0
5.8
3.7
-. 1
3.8
8.6
.2
8.4
13.5
13.5
11.5
*
11.5
4 U.S. Governaent loans
5 Liab.: Households
6
Farn business
7
Nonfarn noncorp. hus.
8
Nonfin. corp, business
St.+local governnents
9
Foreign
10
11
Spons. credit agencies
2, 195
6
233
700
600
100
556
2,148
140
-255
855
-44
242
1,210
2,837
122
578
694
343
317
783
2, 144
316
-111
719
-273
353
1,140
1,38 1
184
-169
481
-477
197
1,165
1,770
200
-100
400
200
50
1,020
5.6
.5
.1
.5
1.5
.7
1.6
.7
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 4
.8 5
3.5 6
4. 1 7
1.7 8
-1.6 9
3. 9 10
. 4 11
12 Sponsored credit agency loans
13 Liab.: Households (SLMA)
14
Farn business (FICB)
15
Noncorp, business (BC)
16
S+l assns. (FHLB)
-2,786
394
-2,010
471
-1,641
-6,068
-22
-990
929
-5,985
-510
555
870
-712
-1,223
-285
654
-20
12
-931
180
266
-1,800
623
1,09 1
-528
190
-350
977
-1,345
9.3
1.7
1.0
6.7
-2.4
1. 1
.4
-4.0
.3
1.3
1.0
-2.0
6.5
.1
1.4
.6
4.3
533
-8
541
559
-12
571
378
-4
382
249
-2
251
355
2
353
188
6
182
2.7
*
2.7
1.6
1.4
17 Policy loans (HB liability)
18 Asset: U.S. Governnent
Life insurance cos.
19
1/84 BASED ON PBELIMINABY AND INCOMPLETE INFOBHATION
♦
1.7
♦
♦
♦
1.6
1.4
1.7
15.0
.4
1. 5
.7
12.5
1
2
3
12
13
14
15
16
2.6 17
♦ 18
2.6 19
BAX 22, 1984
Other Ioans
Other Loans
43
Open-Harket Paper and Other Loans
SEASOIALLT ADJUSTED ABBOAL BATES
SEASOBALLI ADJUSTED ABBOAL BATES
1979
1980
1981
1982
►---------------
1983
| 1982 |
I IT |
1983
I
II
III
IT
|
1
1984
I
Open- Market Paper
1
2
3
4
2
3
4
40.3
28.7
9.0
1.7
20.6
11.2
4.0
2.4
54.0
39.5
14.7
3.9
5.4
-4.9
-4.7
1.9
17.8
19.0
-.5
6.5
-18.7
-38.8
-25.0
-1.0
-25.4
13.9
-2.9
6.9
2.3
1.5
-14.4
7.1
31.8
14.4
.5
3.3
62.4
46.3
15.0
8.6
38.5 Total net issues, all types
64.6
Connercial paper
Bonfinaneial corporations
6.1
Foreign issues in O.S.
9.5
5
6
7
8
18.0
4.5
13.3
.1
4.8
5.6
-.5
-.2
20.9
7.0
13.9
•
-2.0
1.4
-3.3
-. 1
13.0
3.5
9.6
-.1
-12.8
2.8
-15.5
-.1
9.9
1.7
8.3
-.1
8.8
2.5
6.3
-.1
10.6
6.2
4.5
-.1
22.6
3.4
19.3
-. 1
49.1
13.5
35.6
-.1
Financial business
Coanercial banking
Finance conpanies
Beits
5
6
7
8
9
10
11
12
13
11.6
2.1
1.0
1.0
9.5
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
20. 1
1.8
.9
.9
18.4
-39.3
-15.6
-7.8
-7.8
-23.7
.9
.3
.2
.2
.6
17.4
11.7
5.8
5.8
5.8
16.1
.8
.4
.4
15.3
-26.2
-6.6
-3.3
-3.3
-19.5
Bankers acceptances
Bonfinaneial business
Boncorporate
Corporate
Foreign
9
10
11
12
13
14
15
16
17
40.3
8.2
3.9
6.9
20.6
-3.2
-1.1
4.4
54.0
1.7
2.0
.8
5.4
-8.2
6.2
-.5
17.8
4.8
1.9
5.4
-18.7
-10.9
4.0
-2.3
-25.4
-5.1
3.2
-4.8
2.3
-12.3
-6.0
3.1
31.8
-1.0
9.7
2.6
62.4
37.4
.6
20.5
38.5 Bet purchases, by sector
Households
-5.2
Bonfin. corporate business
-9.0
9.5
Foreign
18
19
20
21
22
.1
.1
2.2
.7
1.1
«
.1
1.8
1.5
1.5
.3
-.6
.8
1.2
1.5
-.3
1.3
.3
2.7
1.6
.4
-1.1
-1.4
3.6
1.0
.6
2. 1
2.5
3. 1
2.0
1.0
-5.3
-1.3
1.0
-.7
-1.4
1.5
-6.7
1.4
-1.0
.9
2.9
-2.1
5.8
-.1
1.1
-3.4
4.6
6.3
5.7
-.5
-1-2
-2.4
-5.0
3.8
Sponsored credit agencies
Honetary authority
Connercial banking
Savings ♦ loan associations
Hutual savings banks
18
19
20
21
22
23
24
25
1.6
-.2
15.6
2.2
1.2
12.3
7.4
-.1
38.8
4.2
-.6
-1.3
5.2
1.0
-3.0
4. 1
-1.2
-22.7
11.7
4.1
-29.1
4.2
1.4
18.0
3.9
-.6
9.9
1.0
-.9
-10.5
16.4
5.9
26.2
Life insurance coapanies
Hutual funds
Honey aarket funds
23
24
25
14
15
16
17
Other Loans
1
2
3
1
2
3
10.1
*
10.2
3.4
.4
3.1
9.5
.8
8.7
-1.4
-.9
-.5
16.9
3. 1
13.8
-16.5
-2.9
-13.6
12.0
2.4
9.6
8.0
.4
7.5
17.5
3.8
13.7
30.0
5.9
24.1
35.4 Finance co. loans to business
3.0 Liab.: Noncorporate business
32.4
Bonfin. corp, business
4
5
6
7
8
9
10
11
12.4
1.1
3.4
3.0
1.2
.2
2.9
.6
16.1
1.0
2.6
4.2
1.5
.9
4.7
1.2
19. 1
1.5
3.4
5.6
1.2
1.2
4.2
1.9
14.3
1.4
1.5
3.8
1.8
.9
4.5
.4
8.5
.8
*
2.7
-.5
1.1
4.3
12.0
*
4.2
2.8
2.4
.4
2.2
-
7.3
.6
-2.3
3.4
-.2
1.0
4.8
-
8.0
-5
-1.1
2.8
1.4
1.3
3.1
-
9.9
1.3
.8
2.9
-1.1
1.4
4.6
-
8.9
.7
2.7
1.9
-1.9
.8
4.7
4
5.5 O.S. Governaent loans
5
.8 Liab.: Households
6
-2.0
Fara business
7
1.6
Nonfara aoncorp. bus.
Nonfin. corp, business 8
.8
St.♦local governaents
9
.2
4.1
10
Foreign
Spons.
credit
agencies
11
-
12
13
14
15
16
15.2
.6
3.3
2.1
9.2
11.6
1.1
1.9
1.5
7.1
19.9
2.2
1.8
-.3
16.2
.8
1.6
-.8
-.8
.8
-6.7
1.5
-1.9
.9
-7.0
-6.3
1.6
-1.5
-.3
-6.0
-15.6
-.1
-3.2
2.1
-14.4
-11.5
2.2
-2.7
.4
-11.4
-6.9
2.6
-1.9
.8
-8.4
7.2
1.1
.1
.1
6.0
7.0 Sponsored credit agency loans 12
13
.8 Liab.: Households (SLHA)
14
-.5
Farn business (FICB)
2.2
Boncorp. business (BC) 15
4.5
S+1 assns. (FHLB)
16
17
18
19
4.7
♦
4.7
6.7
.1
6.6
7.4
.1
7.3
4.2
«
4.3
1.5
*
1.6
2. 1
*
2.2
2.2
♦
2.3
1.5
*
1.5
1.0
*
1.0
1.4
•
1.4
BILLIOBS OF DOLLABS.
1/84 BASED OB INCOHPLETE INFOBHATION.
.8 Policy loans (HH liability)
* Asset: O.S. Governnent
.7
Life insurance cos.
17
18
19
HAT 22, 1964
Security credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
ONADJOSTED NET FLOHS($ HILL)
ONADJOSTED NET FLOWS(J HILL)
1982 |
IV
|
I
II
III
IV
|
I
1984
I
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
Security Credit
1 Net change in liabilities
2
Households
3
Foreign
9,551
4,376
-
-173
2,252
4
5
6
7
5,175
3,040
200
1,935
-2,425
-2,806
-420
801
3,872
3,066
-192
996
8 Net change in assets
9
Households
10
Conneccial banking
9,551
1,935
3,372
-173
801
-3,204
11
12
4,244
2,230
Brokers and dealers
Fron connercial banks
Fron foreign banking off.
Custoner credit balances
Brokers and dealers
Foreign
*
510
2,751
1.2
1.2
1
2
3
♦
4
5
6
7
12,155
6,731
-
-1,701
-550
-
-4.8
-1.8
*
3.7
.7
. 1
12.7
4. 8
-2,241
-3,071
499
331
5,424
3,731
532
1,161
-1,151
-1,093
-384
326
-2.9
-1.8
1
-1.0
2.9
2.3
-. 1
.6
7.9
6.0
.4
1.5
.9
1.4
.5
-1.0
-2.5
. 1
2.5
11,348
996
3,307
510
331
-2,225
12,155
1,161
4,508
-1,701
326
-1,541
-4.8
-1.0
-2.2
3.7
.6
2. 1
12.7
1.5
6.6
2.2
-1.0
2.2
1.2 8
2.5 9
-2.9 10
7,045
2,404
6,486
-486
■
-1.6
*
1.0
. 1
4.6
1.0
1.6 11
12
■
16,425
600
348
625
35.2
1.0
.2
1.3
12.4
1. 1
.5
1. 1
19.3
1.2
.8
2.2
28. 1
1.2
.9
1.2
59.0
1-5
1.6
3. 1
1
2
3
4
11,348
7,476
■
■
-
2.2
1.3
-
Trade Credit
1 Net change in liabilities
2
Households
3
Fara business
4
Nonfara noncorp. business
(Payables less receivables)
5
6
7
8
Nonfin. corporate business
State and local governnents
Foreign
O.S. Governaent
9 Net change in assets
10
Nonfin. corporate business
11
Foreign
12
O.S. Governaent
13
Other insurance conpanies
14 Discrepancy
78
617
-118
-632
-628
3,148
161
-482
16,842
3,173
91
-171
21,340
-1,824
236
96
21,814
-2,231
270
359
617
222
-1,056
428
-3,210
226
-56
-415
13,047
226
-511
987
21, 121
231
209
1,271
22,304
232
200
680
14,116
236
100
400
28.7
1.8
3.1
-.8
6.3
1.3
.7
1.4
10.3
.5
.3
4.1
22. 1
.7
.5
1.6
49. 1
1.7
-.3
2.3
5
6
7
8
-12,849
-16.577
635
2,576
517
11,713
9,769
-2,257
3,690
511
19,858
15,687
56
3,614
501
24,662
27,152
1,701
-4,688
497
1 1,771
11,546
590
-853
488
30,774
28,677
600
1,015
482
35.7
32.3
1.8
1.0
.5
9.3
5.3
1.6
1.2
.6
23.8
18.7
3.4
.5
1.2
38.4
36. 1
1-7
-.8
1.3
63.2
56.0
3.0
2.7
1.5
9
10
11
12
13
12,927 -12,341
-3,016
-3,322
10,043 -14,349
-.4
3.0
-4.4
-10.2
1.2
1. 1
.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
*
-4.2 14
Profit Taxes Payable
1 Net change in taxes payable
2
Nonfin. corporate business
3
Coaaercial banks
4
Savings'♦ loan associations
5
Life insurance conpanies
6
Other insurance conpanies
7
Finance conpanies
8
Brokers and dealers
9 Net change in tares receivable
10
State and local governnents
11
O.S. Governnent
12 Discrepancy
274
225
-25
-8
3
-4
83
1,104
1,08-4
-19
-11
-3
-1
-2
56
-4,414
-4,414
-14
-6
-5
-2
-1
28
4,540
4,566
-22
-17
-24
-8
-3
48
2,187
2,172
-14
-13
-26
-7
-2
77
4,569
4,590
-12
-25
-7
2
21
*
-.1
-2.7
-2.4
-.3
. 1
-. 1
*
*
1,313
1,443
-130
232
-2,606
2,838
-5,342
-2,778
-2,564
5,961
2,501
3,460
3,813
2,269
1,544
3,233
-1,812
5,045
.4
.7
-.2
-1.7
.6
-2.3
7.8
2.2
5.6
.4
1.8
-1.4
3.7 9
.8 10
2.8 11
-1,039
872
928
-1,421
-1,626
1,336
.7
-1.0
.2
-1.0
1. 5 12
-21.8
-7.8
-14.0
-23.9
-5.8
-18. 1
♦
1
2
3
4
5
6
7
8
Proprietors’ Eguity in Noncorporate Business
1 Total household investaent
2
Fara business
3
Nonfarn noncorp, business
-3,955
1,259
-5,214
-7,988 -16,667 -17,355 -18,971 -5,925
-664 -6,466 -5,223
1.005
4,229
-7,324 -10,201 -12,132 -19,976 -10,154
1/84 BASED ON PBELIHIHABY AND INCOHPLETE INFOBHATION
-18.0
-5.7
-12.3
-14.5
-.8
-13.7
-23- 3
-8.3
-15. 1
1
2
3
HAY 22, 1984
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
45
Security Credit, Trade Credit, and Taxes Payable
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL BATES
1982
1983
|
1
1982 J
IV
|
1983
I
II
III
IV
|
J1
1984
I
Security Credit
11.1 Net change in liabilities
Households
-2.2
Foreign
-
1
2
3
1
2
3
2.1
1.0
-
12.5
6.5
.9
-1.6
*
6.5
3.3
-
23.8
19.2
-
25.2
17.5
-
16.1
9.0
-
40.8
29.9
4.3
11.0
-
34.3
26.9
4
5
6
7
1.1
-.7
•
1.8
6.0
1.2
-.4
5.2
2.5
4.0
.6
-2.1
3.2
.4
-.5
3.3
4.6
.9
.4
3.3
7.7
-.6
.6
7.7
7. 1
4.0
-. 1
3.2
10.9
9.3
-2.4
4.0
-6.8
-10.4
2.3
1.3
7.4
.8
1.9
4.6
8
9
10
2.1
1.8
-.9
12.5
5.2
.8
.9
-2.1
5.3
6.5
3.3
*
23.8
3.3
2.4
25.2
7.7
.5
16.1
3.2
4.0
40.8
4.0
8.6
4.3
1.3
-6.7
34.3
4.6
3.7
11. 1 Net change in assets
Households
1.3
11.8
Coaaercial banking
8
9
10
11
12
1.1
-
6.5
•
-2.3
3.2
18.2
-
17.0
8.9
•
28.2
9.6
25.9
-1.9
11
12
13.3
11.8
.2
1.3
-
Brokers and dealers
Froa coaaercial banks
Froa foreign banking off.
Custoaer credit balances
Brokers and dealers
Foreign
4
5
6
7
— ——
— ——
Trade Credit
1
2
3
4
61.5
1.7
1.2
.1
48.4
2.3
1.0
-.9
33.7
2.7
1.1
-.2
-12.1
2.4
-.6
-3.3
59.4
2.3
.8
-.2
-21.4
2.5
-.5
-2. 5
23.4
12.6
.6
-1.9
89.4
12.7
.4
-.7
62. 1
-7.3
.9
.4
62.7
-8.9
1.1
1.4
86.6 Net change in liabilities
2.4
1.4
2.5
Households
Fara business
Nonfara noncorp, business
(Payables less receivables)
5
6
7
8
54.4
1.6
1.5
1.1
40.8
2.0
1.7
1.4
27.8
1.1
.2
1.0
-10.2
.9
-3. 1
1.7
53.3
.9
-.2
2.5
-19.5
.9
-4.2
2.0
13.9
.9
-.2
-2.6
73.6
.9
-2.0
4.5
61.4
.9
.8
4.9
64.2
.9
.8
3.2
78.4
.9
.4
.6
Nonfin. corporate business
State and local governnents
Foreign
U.S. Governaent
9
10
11
12
13
76.0
71.4
.2
2.4
1.9
58.5
49.1
3.6
3.8
2.0
29.1
23.6
.3
2.5
2.6
-8.7
-14.8
-.8
4.8
2.1
68.0
64.2
-1
1.8
2.0
-17.2
-32. 1
2.5
10.3
2. 1
24.7
16.9
-9.0
14.8
2.0
98.0
81.3
.2
14.5
2.0
69.7
79.7
6.8
-18.8
2.0
79.6
78.7
2.4
-3.4
2.0
14
-14.5
-10.1
4.6
-3.4
-8.6
-4.2
-1.3
-8.6
-7.6
-17.0
-1.8
-1.8
-. 1
-.1
*
•
V
.3
22.7
22.6
-. 1
*
*
*
-8.5
-8.5
.2
1.2
1.3
-.1
-.1
-.1
•
*
.2
1
2
3
4
5
6
7
8
102. 1 Net change in assets
93.7
Nonfin. corporate business
2.4
Foreign
4.1
U.S. Governaent
Other insurance coapanies
1.9
9
10
11
12
13
-15.5 Discrepancy
14
Profit Taxes Payable
-8.4
-6.8
-.4
-.3
-.5
-.2
-.2
•
-16.2
-16.2
-.1
3.4
3.4
-. 1
♦
«
♦
-. 1
V
-.1
.1
-3. 1
-1.7
-.5
-.3
-.4
-.2
-.2
.2
V
.2
.2
-15.8
-16.0
-. 1
*
*
•
*
.2
9
10
11
1.0
1.5
-.5
-3.8
1.1
-4.8
-7.3
.9
-8.2
-15.4
-2.7
-12.8
4.7
-.6
5.3
-14.8
-2.7
-12. 1
.3
-1.4
1.7
22.7
-2.0
24.7
.2
.6
-.4
-4.6
.3
-4.9
12
1.8
.6
-1.0
-.8
-1.2
-1.0
-2.0
*
1.0
-3.9
-84.3
-19.9
-64.5
-83.5
-13.2
-70.3
1
2
3
4
5
6
7
8
2.8
2.5
.5
-.2
•
»
♦
♦
Proprietors1
1
2
3
-28.8
-9.6
-19.1
-40.8
-16.4
-24.4
BILLIONS OF DOLLABS.
-26.9
-8.6
-18.3
-23.9
-12.4
-11.5
-61.0
-11.3
-49.6
♦
♦
*
-. 1
*
.2
12.3 Net change in taxes payable
12.5
Nonfin. corporate business
♦
Connercial banks
Savings ♦ loan associations
-.1
Life insurance coapanies
-. 1
•
Other insurance coapanies
Finance coapanies
Brokers and dealers
.1
1
2
3
4
5
6
7
8
12.0 Net change in taxes receivable 9
2. 1
State and local governaents 10
U.S. Governaent
11
9.9
.3 Discrepancy
12
Equity in Noncorporate Business
-23.2
-11.0
-12.2
1/84 BASED ON INCOHPLETE INFOBHATION.
-27.6
-3.2
-24.5
-48.5
-9.2
-39.3
-18.7 Total household investaent
16.6
Fare business
Nonfara noncorp, business
-35.3
1
2
3
HAT 22, 1984
Miscellaneous l
Hiscellaneous I
46
Hiscellaneous Financial Clains
UNADJUSTED BET FLOWS($ HILL)
UHADJUSTED HET FLOWS($ HILL)
1982 |
IV
1
1983
II
I
III
IV
|
1
1984
I
1974
BILLIONS OF DOLLABS
1976
1977
1975
1978
1 Net change in liabilities
Households
2
Honfin. corporate business
3
18,060
186
2,780
17,519
206
2,054
17,539
219
2,230
15,503
246
3,165
12,106
260
2,065
29,323
283
2,000
32.5
.7
4.8
37.4
.7
2.6
51.8
.6
4.3
45.0
.9
3.7
71.8
1. 1
7.9
1
2
3
4
5
Foreign
U.S. Governnent
5,396
-5,166
5,379
1,753
-833
-695
1,241
517
4,605
43 8
5,509
7,409
10.2
V
15.6
-.7
16.3
.9
8.4
-.9
20. 1
-.3
4
5
6
7
8
9
Total finance
Sponsored credit agencies
Honetary authorities
Connercial banking
6,864
2,124
551
-877
8,127
58
-801
2,489
16,618
92
136
6,191
10,334
66
395
1,198
4,738
-527
-275
-2,507
14,122
-822
-73
7,859
16.8
.4
-.3
7.7
19.3
1.7
-.5
2.1
29.6
2.0
.3
3.4
32.9
1.4
-. 1
6.7
43.0
4.6
.5
12.9
6
7
8
9
10
11
12
13
14
15
Savings + loan assns.
Hutual savings banks
Life insurance conpanies
Other insurance conpanies
Finance coapanies
Beits
1,661
-1,121
1,733
2,673
120
938
-392
1,746
2,721
1,368
•
3,828
411
1,751
2,766
1,443
1,335
1,803
1,780
2,741
1,016
1,344
578
1,786
2,796
1,543
*
1,151
242
1,793
2,787
1,185
-.1
.3
2.6
4.9
.6
.8
.7
-. 1
3.3
6.2
4.6
1.3
1. 1
. 1
3.9
10.3
8.4
.2
1.2
.4
4.6
12.6
6.6
-.5
-.3
1.4
4.8
14. 1
5.3
-. 1
10
11
12
13
14
15
22,008
1,724
470
531
4,512
19,288
1,741
339
535
4,120
18,586
1,763
334
500
5,547
23,290
1,701
319
553
7,309
18,857
1,731
317
544
6,091
17,385
1,688
299
572
5,676
31.7
2.7
.8
1.0
13.3
31.9
3.8
.9
1.3
14.9
47. 1
5.5
1.5
2. 1
18.3
36.4
6.9
1.7
2.6
21.5
65.2
6.6
2.0
3.0
24.5
16
17
18
19
20
4,048
280
3,965
-41
1,900
376
5,352
52
2,360
21 1
3,882
104
2.7
*
1.7
.7
8.8
1.0
-4.3
.7
10,443
538
-431
410
8,629
586
99
4,000
8,166
415
-121
4,917
8,004
-226
532
1,627
7,603
920
442
284
5,164
260
24
-1,610
11.3
-1.6
1.8
6.5
8.7
1.0
2.0
10. 1
-.5
-.2
6. 1
7.2
1.0
-.6
3.5
20.8
.5
.5
11.8
23
24
25
26
7,956
322
2,052
100
121
-625
1,676
281
2,039
100
49
-201
394
84
2,035
100
124
218
3,157
614
2,053
100
124
23
3,274
786
2,043
100
149
-395
3,862
91
2,056
100
-22
403
2.3
.5
1.4
.1
.4
-.1
1.9
.6
1.7
.2
1.2
*
2.9
.4
1.5
.2
-.3
*
1.8
.3
2.5
-.5
-.8
-.1
4.6
.7
2.4
. 1
-.3
.5
27
28
29
30
31
32
-11,948
-1,769
-1,047
-7,787
-6,751
11,938
.7
5.5
4.7
8.6
6.6 33
Direct foreign investnent by D.S. corps.
51
34 Liab.:
1,221
Foreign
-179
35
Eguity ♦ intercoapany accts. -1,646
1,697
36
1,400
Betained earnings
2,662
-175
2,837
4,831
2,323
2,508
3,709
997
2,712
3,500
1,000
2,500
8.9
1.2
7.8
14.0
6.0
8.0
11.6
3.9
7.7
11.5
5.1
6.4
15.7 34
4.4 35
11.3 36
Direct foreign investnent in U.S.
2,780
37 Liab.: Nonfinan. corp. bus.
2,941
38
Eguity * intercoapany accts.
-161
39
Betained earnings
2,054
2,007
47
2,230
1,841
389
3,165
2,532
633
2,065
1,419
646
2,000
1,400
600
4.8
3.7
1.1
2.6
1.4
1.2
4.3
2.7
1.7
3.7
2. 1
1.6
7.9 37
5.3 38
2.6 39
211
87
.6
.7
1.1
.7
.6 40
17
-.6
♦
-. 1
♦
. 1 41
16 Net change in assets
17
Households
18
Farn business
Nonfara noncorp. business
19
Nonfin. corporate business
20
21
22
Foreign
U.S. Governaent
23
24
25
26
Total finance
Sponsored credit agencies
Honetary authority
Coanercial baaking
27
28
29
30
31
32
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
Beits
Honey aarket funds
33 Unallocated, net
♦
7.6 21
.8 22
(A) Foreign clains
U.S. Govt. eg. in IBBD, etc.
40 Liab.:
Foreign
374
52
359
65
Nonofficial foreign currency
41 Asset: U.S. Governnent
Liab.: Foreign
-94
-93
17
-13
(B) Clains on Federally related agencies
Postal Savings Deposits
42 Asset: Households
Liab.: D.S. Governnent
42
Deposits at Federal Hone Loan Banks
919
43 Liab.: Sponsored credit ags.
Asset: S+1 associations
44 Federal Beserve Bank stock
Asset: Connercial banks
45 Eguity in sponsored credit ag.
46 U.S. Governnent
Private:
47
Fara business (FICB + FLB)
48
Nonfara noncorporate (BC)
49
Nonfin. corp. bus. (FNHA)
50
S+1 associations (FHLB)
-950
-699
-643
-599
-940
.6
.3
1.2
18
34
28
25
19
34
.1
*
.1
335
-
-20
-
79
-
-54
-
132
-
213
-
.8
-
-4
-
.5
-
.8
145
15
175
15
10
3
-48
12
-34
4
97
-1
-9
2
140
-16
9
1
219
.2
*
.2
.2
.1
*
.2
.2
9
-63
1/84 BASED ON PBELIHINABT AND INCOHPLETE INFOBHATION
♦
♦
♦
.5
.1
.3
2. 1 43
* 44
«
.1
.4
1.3 45
46
.3
.1
*
.8
47
48
49
50
HAY 22, 1984
Miscellaneous I
Hiscellaneous I
47
Hiscellaneous Financial Clains
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
|
1
1982 |
IV
|
1983
|
J
1984
I
1979
1980
1981
1982
1983
1
2
3
91.8
1.3
11.9
6 3.4
1.2
13.7
101.1
1.8
22.0
69-0
.8
10.4
62.7
.9
9.5
67.9
.7
11. 1
54.2
.8
8.2
58.0
.9
8.9
60.4
1.0
12.7
78.2
1.0
8.3
9 8.7 Net change in liabilities
Households
1. 1
Nonfin. corporate business
8.0
4
5
27.6
-1.3
14.6
-1.9
18.2
1.0
11.7
.2
10.4
2.0
30. 1
-20.7
11.1
7.0
-14.9
-2.8
16.9
2.1
28.5
1.8
10.2
29.6
Foreign
U.S. Governnent
4
5
6
7
8
9
52.3
5.7
.9
13.2
3 5.8
3.6
-1. 1
7.4
58. 1
4.7
.3
17.4
46.0
5.9
-. 1
7.3
39.8
-.3
-.5
7.4
46.6
7.5
3.0
6.7
27.0
2.0
-3.8
5.7
65.9
2.9
.6
27.7
27.8
-3.2
1.4
-3.7
38.6
-2.9
-.3
-.3
49.7
-1.5
-.9
25.8
Total finance
Sponsored credit agencies
Honetary authorities
Coaaercial banking
6
7
8
9
10
11
12
13
14
15
1.1
1.2
5.3
14.7
10.1
2.6
2.6
8.2
10.8
11.5
*
13.3
-.3
7.0
10.6
2.2
7.4
2.4
7. 1
11.0
5.4
-
12.6
-1.2
6.9
10.7
.5
-
2.6
-2.9
7.0
10.9
5.5
*
9. 1
1.6
7.0
11. 1
5.8
♦
.9
.8
3.8
12.4
7.9
. 1
6.4
4.8
7.1
11.0
4. 1
-
11.6
6.1
7.1
11.2
6.2
-
3.6
-.5
7.2
11.1
4.7
-
Savings * loan assns.
Hutual savings banks
Life insurance conpanies
Other insurance conpanies
Finance conpanies
Beits
10
11
12
13
14
15
16
17
18
19
20
76.9
7.2
1.9
3.0
35.1
75.2
5.6
1.9
2.6
32.3
101.6
6. 1
1.7
2. 1
21.6
82.5
6.8
1.7
2. 1
14.2
80.0
6.9
1.3
2.1
23.1
90.4
6.9
1.9
2. 1
17.0
71.6
7.0
1.4
2. 1
15.0
67. 1
7. 1
1.3
2.0
23.4
104.2
6.8
1.3
2.2
31.1
77.2
6.9
1.3
2.2
22.9
64. 1 Net change in assets
Households
6.8
Fara business
1-2
Nonfarn noncorp, business
2.3
Nonfin. corporate business
21.8
21
22
6.8
.8
15.2
.5
19.9
.8
10.2
1.2
13.6
.6
13.9
1. 1
12.3
-.2
7.5
1.5
28.4
.2
6.2
.8
10.8
.4
Foreign
U.S. Governaent
21
22
23
24
25
26
22.1
.4
.2
10.1
17.1
1.3
.5
7.3
49.3
.8
.5
28.0
46.3
1.4
7.5
32.4
1.7
1.0
10.8
47.4
.2
-1.7
10.7
34.1
3.4
.4
13.1
24.3
3.6
-.5
9.5
34.2
-1.7
2.1
9.7
37.0
1.5
1.8
11.0
20.9
2.3
. 1
-9.5
Total finance
Sponsored credit agencies
Honetary authority
Coaaercial banking
23
24
25
26
27
28
29
30
31
32
6.3
.5
3.5
.4
.3
.4
3.7
1.0
3.6
.4
-1.0
.4
8.8
1.2
7.3
-4
.4
1.9
26.4
2.7
8. 1
.4
.9
-1. 1
8.5
1.8
8.2
-4
.4
-.4
30.0
1.7
8. 2
.4
.5
-2.5
7.6
1.7
8.2
.4
-2
-.8
2.6
-.7
8.1
.4
.5
.9
12.4
2.5
8.2
.4
.5
.1
11.4
3.6
8.2
.4
.6
-1.6
16.7
1. 1
0.2
.4
-. 1
1.6
33
14.9
-11.8
-.5
-13.5
-17.4
-22.4
-17.5
-9.1
-43.8
1.0
♦
II
I
III
IV
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
Beits
Honey aarket funds
34.6 Unallocated, net
1
2
3
16
17
18
19
20
27
28
29
30
31
32
33
(A) Foreign claims
Direct foreign investnent by U.S. corps.
34
15.0
13.8 Liab.: Foreign
4. 1
Eguity ♦ intercoapany accts. 35
3.8
10.8
Betained
earnings
36
10.0
34
35
36
26.6
7.6
19.0
21.9
4.9
17.0
12.8
-.7
13.5
5.9
.6
5.3
12.4
3.0
9.5
.5
-6.3
6.8
4.1
-1.5
5.6
9 .5
-1 .9
11 .3
21.1
11.1
10.0
37
38
39
11.9
7.9
4.0
13.7
7.5
6.2
22.0
18.2
3.8
10.4
10.6
-.2
9.5
7.8
1.7
11. 1
11.8
-.6
8.2
8.0
.2
8 .9
7 .4
1 .6
12.7
10.1
2.5
8.3
5.7
2.6
40
.8
.7
1. 1
1.3
.7
1.5
.2
1 .4
.3
.8
*
41
-.3
-.2
-.1
-. 1
-.4
-.4
.1
Direct foreign investaent in U.S.
37
Nonfinan. corp. bus.
8.0 Liab.:
5.6
Eguity ♦ intercoapany accts. 38
39
2.4
Betained earnings
U.S. Govt. eg. in IBBD, etc.
.3 Liab.: Foreign
Honofficial foreign currency
. 1 Asset: U.S. Governaent
Liab.: Foreign
-.1
40
41
(B) Clains on Federally related agencies
42
-
43
3.0
44
-
Postal Savings Deposits
Asset: Households
Liab.: U.S. Governaent
-
-
.8
1.8
2.8
-2.9
3. 7
-3.3
.2
-6.0
-2. 1
.1
.1
. 1
. 1
. 1
. 1
.1
.1
.1
-1
45
46
1.6
.7
1.4
.9
.1
1.2
*
. 1
—
.1
.4
47
48
49
50
.4
-1
.1
1.0
.1
*
-. 1
*
.2
-
-
-
-
.6
.1
*
*
BILLIONS OF DOLLABS.
.6
. 1
.7
.4
*
. 1
.4
♦
*
♦
. 1
.6
. 1
.6
1/84 BASED ON INCOHPLETE INFOBHATION.
♦
♦
-.1
*
♦
*
V
.4
-
Deposits at Federal Hoae Loan Banks
-3.4 Liab.: Sponsored credit ags.
Asset: S*1 associations
. 1 Federal Beserve Bank stock
Asset: Connercial banks
42
43
44
1. 1 Eguity in sponsored credit ag. 45
U.S. Governnent
46
—
Private:
47
Fara business (FICB ♦ FLB)
-. 1
♦
Nonfarn noncorporate (BC)
48
♦
49
Nonfin. corp. bus. (FNHA)
50
S*1 associations (FHLB)
1. 1
HAY 22, 1984
Miscellaneous II
Hiscellaneous II
Hiscellaneous Financial Clains (Continued)
OHADJUSTED NET FLOBS(S HILL)
UNADJUSTED NET FLOBS ($ HILL)
1984
I
1974
260
283
.7
.7
.6
.9
1. 1
1
551
291
260
549
285
264
546
276
270
1.4
.7
.7
1.7
.7
1.0
1.9
.7
1.2
2.7
1.4
1.4
2.7
1.3
1.4
2
3
4
2,766
1,209
322
534
701
2,741
1,150
319
544
728
2,796
1,182
318
553
743
2,787
1,142
315
563
767
4.9
1-2
.5
1.0
2.1
6.2
2. 1
.7
1.2
2.2
10.3
3.6
1.3
2. 1
3.4
12.6
4.2
1.5
2.5
4.4
14. 1
3.9
1.7
2.9
5.6
5
6
7
8
9
1,280
1,232
797
1,206
811
.7
3.4
6.4
-.5
1983
1982 |
IV
I1
I
Deferred and unpaid preniuns
1 Liab.: Households
Asset: Life insurance
186
206
219
246
Life conpany reserves
2 Liab.: Life insurance cos.
Accident and health
3
4
Policy dividend accun.
Asset: Households
559
315
244
556
307
249
554
301
253
2,673
1,165
325
516
667
2,721
1,185
324
525
687
104
II
III
IV
1
|
BILLIONS OF DOLLABS
1977
1975
1976
1978
(C) Life insurance clains
(D)
Nonlife insurance clains
5 Liab.:
6 Asset:
7
8
9
10
Other insurance cos.
Households
Para business
Nonfarn noncorp. Jtus.
Nonfin. corp, business
(E) Intercorporate claias
Corporate parent investnent in
finance coapanies
Asset: Donestic hank affiliates
2.7 10
(F) Unallocated assets ♦ liabilities
11 Net total (liab. less assets)
-11,948
-1,769
-1,047
-7,787
-6,751
11,938
.7
5.5
4.7
8.6
12
13
14
15
16
17
Net change in liabilities
Foreign
O.S. Governnent
O.S. Govt.-without levels
Sponsored credit agencies
Honetary authority
2,155
5,065
-5,166
870
533
10,458
4, 199
1,753
1,028
-835
8,092
-3,871
-695
712
108
3,792
-3,642
517
763
370
1,758
685
438
-60
-294
19,985
1,905
7,409
-95
-107
9.6
1.3
1.7
-1.7
-1.0
-.3
7.5
.9
-.6
-. 1
1.1
-.5
14.0
3.7
-.5
1.4
.3
.2
12.2
-3.8
-.7
-.3
.4
-. 1
23.6
3. 6
-.3
1.3
.4
12
13
14
15
16
17
18
19
20
21
22
Connercial banking
Connercial banks
Bank affiliates
Foreign banking offices
Banks in O.S. poss.
-877
-3,032
-802
2,106
851
2,489
2,469
-66
-773
859
6,191
5,715
398
-810
888
1,198
-1,868
324
1,834
908
-2,507
-4,952
452
1,063
930
7,859
6,004
75
827
953
7.7
5.5
.5
1.6
.1
2. 1
.1
.2
.7
1. 1
3.4
1.7
.9
.3
.4
6.7
5.4
-.3
.7
.8
12.9
12.4
-2.4
2.3
.6
18
19
20
21
22
23
24
25
26
27
Savings and loan assns.
Hutual savings banks
Life insurance conpanies
Finance conpanies
Beits
1,661
-1, 121
1,174
16
-
938
-392
1,190
88
3,828
411
1,197
211
1,335
1,803
1,229
219
-
1,344
578
1,237
337
1,151
242
1,247
374
*
-.1
.3
1.1
-.1
.8
.7
-. 1
1.6
1.2
1.3
1. 1
. 1
2.0
2.1
.2
1.2
.4
1.8
7. 1
-.5
-.3
1.4
2. 1
2.6
-. 1
23
24
25
26
27
28
29
30
31
32
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Honetary authority
14,103
3,794
1,268
538
-431
12,227
2,209
1,911
586
99
9,139
2,180
-330
415
-121
11,579
1,750
2,187
-226
532
8,509
1,637
295
920
442
8,047
1,408
1,882
260
24
8.9
2.2
-2.0
-1.6
1.8
2.0
-1.4
-.9
1.0
*
9.3
3.2
4.4
-.5
-.2
3.6
5.5
-8. 1
1.0
-.6
17.0
3.2
-.3
.5
.5
28
29
30
31
32
33
34
35
Coaaercial banks
Foreign banking offices
Banks in U.S. possessions
-1,098
1,126
260
2,056
463
167
3,878
-486
265
-21
604
222
-3,445
2,240
264
-3,791
1,075
261
4.6
1.4
-.2
-2.5
.6
.6
-.7
.4
-. 1
3.7
.3
*
6.9 33
2.0 34
. 1 35
36
37
38
39
Savings and loan assns.
Hutual savings banks
Life insurance conpanies
Private pension funds
6,862
322
1,866
100
2,674
281
1,833
100
996
84
1,816
100
3,863
614
1,807
100
3,733
786
1,783
100
4,583
91
1,773
100
1.1
.5
.7
. 1
1.5
.6
1.0
-2
1.5
.4
.8
.2
1.2
.3
1.6
-.5
1.7
.7
1.3
. 1
40
41
Beits
Honey narket funds
121
-625
49
-201
124
218
124
23
149
-395
-22
403
.4
-. 1
1.2
-.3
♦
♦
-.8
-.1
-.3 40
.5 41
-
1/84 BASED ON PBELIHINABY AND INCOHPLETE INFOBHATION
6.6 11
36
37
38
39
HAY 22,
1984
Miscellaneous II
Hiscellaneous II
Hiscellaneous Financial Claias (Continued)
49
SEASONALLY AOJUSTEO ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL FATES
|
1979
1980
1981
1982
1983
1
1983
1982 |
IV
I
I
II
III
IV
|
|
1984
I
(C) Life insurance claias
1
1.3
1.2
1-8
.8
.9
.7
.8
.9
1.0
1.0
Deferred and unpaid preaiuas
1.1 Liab.: Households
Asset: Life insurance
2
3
4
2.4
.8
1.6
1.7
.6
1.1
2.1
.9
1.2
2.2
1.3
1.0
2.2
1.2
1.0
2.2
1. 3
1.0
2.2
1.2
1.0
2.2
1.2
1.0
2.2
1.2
1.0
2.2
1.1
1. 1
Life coapany reserves
2.2 Liab.: Life insurance cos.
Accident and health
1.1
Policy dividend accua.
1. 1
Asset: Households
5
6
7
8
9
14.7
4.8
1.5
2.9
5.5
12.4
3.9
1.3
2.5
4.7
10.8
4.0
1. 1
2.1
3.7
10.6
4.5
1.3
2.0
2.7
11.0
4.7
1.3
2.2
2.9
10.7
4.7
1.3
2. 1
2.7
10.9
4.7
1.3
2.1
2.7
11.1
4.8
1.3
2.1
2.8
11.0
4.6
1.3
2.2
2.9
11.2
4.7
1.3
2.2
3.0
10
5.5
4.4
7.9
1.0
4.5
.4
5.1
4.9
3.2
4.8
11
14.9
-11.8
-.5
-13.5
-17.4
-22.4
-17.5
-9. 1
-43.8
1.0
(liab. less assets)
11
12
13
14
15
16
17
23.9
.2
—
-1.3
1.1
.8
6. 1
-7.8
—
-1.9
2.1
-1.1
39.5
4.6
—
1.0
1.4
.2
33.0
4.5
—
.2
2.2
-.2
24. 1
-2.6
2.0
2.4
-.7
36. 1
28.5
—
-20.7
2.6
2.9
26.1
7.2
—
7.0
5.3
-3.9
18.9
-25.9
-2.8
3.0
.5
14.8
-4.5
2.1
2.7
1.3
36.5
12.7
1.8
-1.2
-.4
60.9
-4.0
29.6
.8
-1.0
Net change in liabilities
Foreign
U.S. Governaent
U.S. Govt.-without levels
Sponsored credit agencies
Honetary authority
12
13
14
15
16
17
18
19
20
21
22
13.2
9.1
.3
2.7
1.1
7.4
.8
.1
4.9
1.6
17.4
6.7
1. 1
6.8
2.7
7.3
3. 1
-2.9
3.9
3.2
7.4
1.4
1.1
1.3
3.6
6.7
-.8
-3.2
7.3
3.4
5.7
6.3
-.3
-3.7
3.4
27.7
23.0
1.6
-.4
3.6
-3.7
-15.2
1.3
6.6
3.6
-.3
-8.6
1.8
2.8
3.7
25.8
19.0
-3
2.8
3.8
Coaaercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
18
19
20
21
22
23
24
25
26
27
1.1
1.2
2.9
4.6
•
.9
.8
2.1
3.5
.1
2.6
2.6
6.0
3.6
*
13.3
-.3
4.6
1.2
-
7.4
2.4
4.9
.9
-
12.6
-1.2
4.7
. 1
-
2.6
-2.9
4.8
.4
9. 1
1.6
4.8
.8
6.4
4.8
4.9
.9
11.6
6.1
4.9
1.3
-
3.6
-.5
5.0
1.5
-
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Finance coapanies
Beits
23
24
25
26
27
28
29
30
31
32
9.0
2.9
-5.1
.4
-2
17.8
5.7
1.5
1.3
.5
40.0
5.2
-2.1
.8
.5
46.5
5.5
-.2
1.4
«
41.5
7.8
4.1
1.7
1.0
58.6
13.9
2.8
.2
-1.7
43.6
8.1
4.0
3.4
.4
28.0
11. 1
-1.4
3.6
-.5
58.6
7.0
15.7
-1.7
2.1
35.5
4.9
-2. 1
1.5
1.8
26.3
5.0
2.8
2.3
.1
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Honetary aathority
28
29
30
31
32
33
34
35
2.0
2.1
.4
.9
1.5
.5
9.3
7.9
2.9
3. 1
2.4
.9
2.5
2.8
.9
4.7
4.5
1.0
5.3
1.9
.7
5.3
-1.9
1. 1
3. 1
2.4
.9
-3.9
9.0
1. 1
-18.2
4.3
1.0
Coaaercial banks
Foreign banking offices
Banks in U.S. possessions
33
34
35
36
37
38
39
2.2
.5
2.2
•4
2.8
1.0
2.4
.4
6.3
1-2
5.5
.4
23.2
2.7
7.4
.4
11.3
1.8
7.2
.4
25.7
1.7
7.5
.4
11.0
1.7
7.3
-4
2.6
-.7
7.3
.4
18.4
2.5
7.2
.4
13. 1
3.6
7. 1
.4
19.0
1. 1
7.1
.4
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
36
37
38
39
40
41
.3
.4
-1.0
.4
.4
1.9
.9
-1. 1
.4
-.4
.5
-2.5
.2
-.8
.5
.9
.5
.1
.6
-1.6
-. 1
1.6
Beits
Honey aarket funds
40
41
1
2
3
4
(D) Nonlife insurance claias
11. 1 Liab.:
4.6 Asset:
1.3
2.3
3. 1
(E) Intercorporate claias
Corporate parent investnent in
3.2
finance coapanies
Asset: Doaestic bank affiliates
(F)
BILLIONS OF DOLLABS.
1/84 BASED ON INCOHPLETE INFOBHATION.
Other insurance cos.
Households
Fara business
Nonfara noncorp. bus.
Nonfin. corp, business
5
6
7
8
9
10
Unallocated assets ♦ liabilities
34.6 Net total
HAY 22, 1984
Total Claias
Total Claias
50
Total Financial Assets and liabilities
UNADJUSTED HET FLOWS(I HILL)
UNADJUSTED NET FLOWS(S HILI)
1982 |
IV 1
1983
II
I
III
IV
|
1
1984
1
1974
BILLIONS OF DOLLABS
1977
1976
1975
1978
Total Het Borrowing and Lending in Credit Harkets (1)
1
Total net borrowing
in credit aarkets
138,427 101,639 166,190 167,479 195,476 160,392
229.3
211.6
283.8
378.7
478.2
1
88,705 137,281 138,819 158,521 143,957
55,641 46,876 47,860 36,180 49,427
33,064 90,405 90,959 122,341 94,530
16,468 34,544 51,558 64,169 49,494
1,499 -1,589
80
-729
4,575
9,470
8,709 18,062 17,732 20,535
4,055 13*355 12,922 27,193 34,260
1,226
4,561 19,869
7,248 12,033
175.3
11.8
163.5
53.9
7.8
20.2
66.1
15.5
193.0
85.4
107.6
52.1
8.5
12.5
20.9
13.7
243.5
69.0
174.5
89.5
10.2
15.4
44.2
15.2
319.4
56.8
262.6
137.3
12.3
28.0
69.7
15.4
369.8
53.7
316.2
169.4
14.6
32.4
80.6
19. 1
2
3
4
5
6
7
8
9
3,585
25,075
911
18,377
26
3,014
1,410
1,295
42
-7,005
23,440
4,476
11,222
25
4,212
-136
3,599
42
15.0
39.0
17-3
3.4
.2
4.4
6.2
6.0
1.5
11.3
7.3
3.2
7. 1
.2
.6
-4.2
.5
-. 1
19.3
21.0
2.1
12.2
.7
5.4
-1.7
4.3
-1.9
13.5
45.8
5.9
16.1
.6
2.0
6.9
16.9
-2.5
33.8
74.6
23.5
13.6
.2
7.2
13.5
18.1
-1.4
10
11
12
13
14
15
16
17
18
138,427 101,639 166,190 167,479 195,476 160,392
229.3
2
3
4
5
6
7
8
9
Doaestic nonfinan. sectors
U.S. Governaent
Private doaestic
Hoaseholds
Fare business
Nonfara noncorp. bus.
Corporate business
State+local governaents
117,463
61,965
55,498
31,053
-2,164
6,879
5,612
14,118
10
11
12
13
14
15
16
17
18
Foreign borr. in U.S.
Financial sectors
Sponsored credit ageacies
Hortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
6,345
14,619
-1,729
18,288
343
1,000
-3,931
635
13
19
Total net lending
in credit aarkets
5,512
23,397
476
16,044
-234
1,655
-1,035
6,450
41
2,221
10,713
-3,180
18,698
277
1,389
-5,982
-531
42
6,348
30,607
3,200
13,217
-289
2,556
1,423
10,458
42
478.2 19
211.6
283.*8
378.7
42,862
24,536
1,939
3,507
12,880
22,374
21,430
452
-1,513
2,005
50.4
42.0
.7
7.6
.1
50.7
35.7
.8
12.3
1.9
44.7
27.8
1.2
8.0
7.7
40.6
32.9
.6
-5.3
12.4
73.6
61.3
1.4
-2.3
13.2
13,211
1,881
6,534
1,966
11.2
9.4
6. 1
13.4
15.2
7.9
39.6
10.0
38.0 25
17. 1 26
99,226
476
18,288
5,161
78,849 110,263 126,803 137,522 129,518
1,934
-4,031
2,600
2,882
1,922
18,698 16,044 18,377 13,217 11,222
-4,751
5,415 14,852 -4,620 -1,841
158.3
20.8
3.4
6.2
141.3
4.5
7.1
8.5
216.0
4.7
12.2
9.8
288.5
6.4
16.1
7.1
349.5
26.7
13.6
7.0
27
28
29
30
Coaaercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
40,399
39,621
94
596
88
16,403
15,715
43
454
191
32,908
34,430
-235
-1,367
80
31,682
29,899
-105
1,769
119
51,721
53,707
63
-2,120
71
34,208
32,624
35
1,482
67
67.0
58.5
.9
7.2
.5
29.5
28.5
-.5
1. 1
•4
59.8
55.1
-.3
4.4
.6
87.8
81.9
.6
4.9
.3
129.0
110. 1
-1.0
19.6
.2
31
32
33
34
35
Private nonbank finance
Savings institutions
Savings * loan assns.
Hutual savings banks
Credit unions
34,902
13,255
9,302
1,176
2,777
52,530
27,964
19,102
4,193
4,669
53,962
35,052
26,025
3,779
5,248
59,970
37,050
28,338
4,132
4,580
74,604
33,522
24,942
6,373
2,207
83,047
33,055
25,906
3,198
3,951
60.9
25.3
19.5
3.1
2.7
91.8
51.2
35.1
10.7
5.4
129.5
68.4
49.0
12.8
6.6
171.1
78.5
60. 1
11. 1
7.2
173.3
72.8
56.7
8.8
7.3
36
37
38
39
40
20
21
22
23
24
Private doa. nonfin. sectors
Households
Nonfara noncorp, business
Corporate business
State ♦ local governaents
25
26
Foreign
U.S. Governaent
27
28
29
30
Financial institutions
Sponsored credit agencies
Hortgage pools
Federal reserve systea
31
32
33
34
35
36
37
38
39
40
32,328
14,112
1,046
5,058
12,112
16,540
15,884
366
-1,752
2,042
45,197
13,865
708
5,253
25,371
35,225
18,730
645
6,029
9,821
3,874
2,999
5,143
1,107
6,508
4,222
2,947
2,504
20
21
22
23
24
41
42
43
44
45
Insurance sector
Life insurance cos.
Private pension funds
St.+loc.govt.rtr.funds
ether insurance cos.
21,409
11,827
2,556
5,689
1,337
27,913
14,353
4,019
6,868
2,673
27,512
12,714
4,438
8,747
1,613
23,409
13,526
5,739
1,194
2,950
24,234
11,364
5,036
4,775
3,059
29,764
12,504
6,936
6,749
3,575
29.8
12.9
5.6
6.7
4.6
40.6
16.9
7.0
9.3
7.3
49.7
23.7
3.6
9.8
12.5
69.0
27.5
12.2
11.9
17.5
75.0
33. 1
8.3
17.0
16.5
41
42
43
44
45
46
47
48
49
50
51
Finance n.e.c.
Finance coapanies
Beits
Hutual funds
Hone; aarket funds
Brokers and dealers
238
1,869
-73
3,065
-4,427
-196
-3,347 -8,602
897
5,603
-75
7,355
2,283
-7,266 -10,769
-4,333 -5,644
-489
3,719
-75
1,212
-2,809
-2,536
16,848
13,613
-100
3,790
-511
56
20,228
4,602
71
8,651
5,457
1,447
5.7
4.9
.2
.7
.8
-.8
*
2.6
-4.8
.5
.7
1.0
11.4
11.7
-3.8
-.2
.6
3.1
23.6
22.5
-2.4
3.9
-. 1
-.3
25.5
24.0
-1.1
.8
3.2
-1.3
46
47
48
49
50
51
(1) Excludes corporate eguities.
Total Liabilities and Their Relation to Total Financial Assets
Net flows through credit narkets (froa
preceding table)
1
138,427 101,639 166,190 167,479 195,476 160,392
Other financial sources:
-536
-854
1,377
522
772
Official foreign exchange
1,653
2
86
137
174
Treasury curr. and SDB ctfs.
495
112
133
3
2
3
165.6
30.4
94.6
•2
28.3
10.9
1.3
184.0 4
32.6 5
65.5 6
6.9 7
54.5 8
22. 1 9
2.4 10
3,879
36,626
3,947
30,435
4,239
27,769
6.7
29.6
8.7
34.9
8.4
44.0
11.5
55.9
12.0 11
61.8 12
1,679 -12,036
6,296
7,858 13,532
16,379 21,816 21,777 12,529 14,519
9,551
-173 11,348
510 12,155
78
-628 16,842 21,340 21,814
1,104 -4,414
274
4,540
2,187
-3,955 -7,988 -16,667 -17,355 -18,971
10,060 17,519 17,539 15,503 12,106
3,469
-934
-1,701
16,425
4,569
-5,925
29,321
.2
5.7
-4.8
35.2
1.2
-18.0
32.5
-11.1
10.6
3.7
12.4
-2.7
-14.5
37.4
-8.9
10.6
12.7
19.3
8.0
-21.8
51.8
-1.1
6.5
2.2
28. 1
-.6
-23.9
45.0
16.0
1.9
1. 2
59.0
5.2
-23.3
71.8
271,120 185,283 300,010 311,691 368,818 297,752
406.7
406.0
559.5
668.4
868.9 20
* 21
-. 5 22
-4.2 23
13
14
15
16
17
18
19
Interbank claias
Corporate eguities
Security credit
Trade debt
Profit taxes payable
Noncorp, proprietors' equity
Hiscellaneous
29
.5
.5
147.7
24.8
121.6
*
-13.9
13.6
1.7
3,704
28,254
1/84 BASED ON
478.2
.1
.3
113.3
18.6
98.0
1.3
-8.9
3.5
.8
Life insurance reserves
Pension fund reserves
24
25
26
27
28
378.7
2.5
1.2
87.5
6.9
37.7
2.4
41. 1
-.4
-.2
11
12
21
22
23
283.8
.8
.9
80,155 59,180
8,124 -14,334
41,176 44,644
-457
8,187
20,241
2,404
7,719 15,903
3,352
2,376
Deposits at financial insts. 64,521 30,659 46,396
Checkable deposits
29,951 -10,864 32,409
Saall tiae ♦ savings dep.
67,131 113,133 34,154
Honey aarket fund shares
-17,013 -26,296 -15,680
Large tiae deposits
-16,253 -48,392 -2,738
244
5,344 -2,972
Security BP's
461 -2,266
1,223
Foreign deposits
- Floats not incl. in assets
Deaand dep.: U.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security BP's
Profit taxes payable
Hiscellaneous
Totals allocated to sectors
as assets
211.6
1.3
.4
59,499
9,033
30,439
-1,625
11,718
9,601
333
4
5
6
7
8
9
10
20 Total financial sources
229.3
4, 131
28,606
3,828
31,278
315
-114
-3,016
-179
-5,342
-3,322
1,101
-884
14,293 -6,642
10,043 -14,349
*
.4
-.4
.1
1.6
3.0
-.8
.6
-4.4
1.5
1.8
-10.2
133
1,584
679
928
-1,047
137
2,998
7,182
-1,421
-7,787
86
-5,687
7,024
-1,626
-6,751
174
2,468
1,728
1,336
11,938
-. 1
2.5
.3
.7
.7
*
-3.8
4.6
-1.0
5,5
-.2
-.9
9.3
.2
4.7
-.3
-5.4
5.5
-1.0
8.6
252,987 209,388 300,548 319,425 350,335 301,983
402.6
395.8
550.9
667.9
-204
151
14,386 -8,727
12,927 -12,341
95
639
3,277
-1,039
-11,948
112
984
-3,387
872
-1,769
PBELIBINABT AND INCOHPLETE INFOBHATION
*
.8
11.4
1.5
6.6
13
14
15
16
17
18
19
24
25
26
27
28
853.3 29
MAI 22, 1984
Total Claias
Total Claias
Total Financial Assets and liabilities
SEASONALLY ADJUSTED ANHUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
1
I
1982 |
IV
I
1983
I
III
II
IV
1
|
1984
I
Total Net Borrowing and Leading in Credit Markets (1)
1
488.7
433.7
489-8
480.3
630.8
510.8
518.3
678.2
596.5
Total net borrowing
in credit aarkets
1
730.2
761. 1
Doaestic nonfinan. sectors
U.S. Governaent
Private doaestic
Hoaseholds
Fara business
Nonfara noncorp. bus.
Corporate business
State+local governnents
2
3
4
5
6
7
8
9
Foreign borr. in U.S.
Financial sectors
Sponsored credit ageacies
Hortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Reits
10
11
12
13
14
15
16
17
18
2
3
4
5
6
7
8
9
386.0
37.4
348.6
176.4
21.4
34.4
96.0
20.5
343.2
79.2
264.0
117.5
14.4
33.7
78. 1
20.3
377.2
87.4
289.8
120.6
16.3
39.6
103.7
9.7
395.3
161.3
234. 1
86.3
9.0
29.8
72.7
36.3
523.3
186.6
336.8
166.7
3.8
65.0
57.5
43.7
427.0
224.4
202. 5
93.7
7.3
23.3
22.0
56.2
421-7
192.9
228.8
118.2
-2.4
44.8
37.7
30.4
587.7
269.7
318.0
150.7
1.6
58.0
36.6
71.1
502.0
167.8
334.2
179.1
4.9
79.2
44.2
26.7
581.9
115.8
466.1
218.9
10.8
78.1
111.6
46.7
647.2
167.4
479.8
252.2
.6
48. 1
161.7
17.3
10
11
12
13
14
15
16
17
18
20.2
82.5
24.8
23.1
.2
6.5
12-6
16.6
-1.3
27.2
63.3
25.6
19.2
.2
6.9
7.4
6.3
-2.2
27.2
85.4
32.4
15.0
-. 1
8.3
15.5
14. 1
.2
15.7
69.3
15.3
49.5
.6
1.9
-3.0
4.9
.1
17.7
89.8
1.4
66.3
-.2
8.6
-4.2
17.7
.2
25.3
58.5
70.8
1. 4
4.0
-12. 1
-5.6
. 1
15.6
81.0
1-0
74.6
1.1
5.6
-14.9
13.5
.2
21.2
69.3
-5.9
66.2
-.9
6.6
-10.7
13.8
.2
8.0
86.5
-11.2
74.3
.1
12.1
-2.5
13.6
.2
25.9
122.4
21.7
50.2
-1.2
10.2
11.3
29.8
.2
-21.8
135.7
34.3
44.6
.1
16.8
8.3
31.4
.2
19
488.7
433.7
489.8
480.3
630.8
510.8
518.3
678.2
596.5
730.2
761. 1
20
21
22
23
24
118.9
89.9
1.8
5.7
21.5
74.4
59.1
.4
-4.2
19.1
87.2
73.9
2.6
2.7
7.9
99.7
57.4
1.7
13.7
26.8
139.8
73.0
3.7
13.0
50. 1
155.8
83.2
.5
20.3
51.8
43. 1
17.5
3.4
5.1
17.2
188. 1
86.8
4.5
22.2
74.7
126.9
61.7
2.0
8.9
54.3
201.2
126.0
4.8
16.0
54.3
69.3
41.5
3.4
6.8
17.6
Private doa. nonfin. sectors
Hoaseholds
Nonfara noncorp, business
Corporate business
State * local governnents
20
21
22
23
24
25
26
-4.6
19.0
23.2
23.7
16.0
24. 1
17.6
16.7
27.8
9.7
-5.0
15.7
32.2
3.0
47.6
13.4
.9
11.2
30.6
11.3
38.8
6.0
Foreign
U.S. Governnent
25
26
27
28
29
30
355.4
30.0
23. 1
7.7
312.4
26.4
19.2
4.5
362.6
33.2
15.0
9.2
346.3
15.8
49.5
9.8
453.4
2.4
66.3
10.9
344.3
11. 4
70.8
12.2
440.0
-2.2
74.6
.3
429. 1
-.5
66.2
23.6
457.6
-10. 1
74.3
49.1
487.1
22.4
50.2
-29.4
647.0
28.0
44.6
12.5
Financial institutions
Sponsored credit agencies
Mortgage pools
Federal reserve systea
27
28
29
30
31
32
33
34
35
123.1
108.7
-.1
14.5
*
101.1
83.5
-.1
17.0
.5
103.6
96.9
.1
7.7
-1.1
108.5
107.6
.1
.3
.6
132.7
133.8
-.2
-1.3
.5
127. 1
125.6
.4
.8
.4
134.2
129.7
.2
3.5
.8
125.8
122-4
-.9
4.0
.3
102.5
105.3
-.4
-2.9
.5
168.5
177.6
.3
-9.6
.3
205. 1
196.8
.1
7.9
.3
Coaaercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
31
32
33
34
35
36
37
38
39
40
171.6
56.7
49.4
4.4
2.8
16 1.2
54.9
46.6
5.9
2.4
201.7
27.2
22.6
-9
3.7
162.7
30.6
19.4
.6
10.6
241. 1
133.6
98.4
18.5
16.7
122.7
47.9
31.6
4.2
12. 1
233.1
121.1
85.2
15.8
20.2
214.0
143. 1
105.3
16.7
21.0
241.8
143.0
110.7
16.5
15.8
275.3
127.1
92.4
24.9
9.8
356.8
142.0
112.9
11.5
17.6
Private nonbank finance
Savings institutions
Savings * loan assns.
Hutual savings banks
Credit unions
36
37
38
39
40
41
42
43
44
45
66.4
33.4
8.8
10.8
13.4
7 4.4
32.8
10.8
20.9
9.9
79.3
34.7
12.8
22.5
9.4
94.2
43.4
17.4
26.5
6.9
103. 1
52.0
19.2
21.6
10.3
94.8
53.7
13. 2
22.8
5.2
100.8
50.6
13.9
27.5
8.9
114.0
50.8
18.3
35.0
9.9
91.0
54.9
21.2
4.8
10.2
106.5
51.6
23.5
19. 1
12.3
107.3
42.6
25.5
27.0
12.2
Insurance sector
Life insurance cos.
Private pension funds
St.*loc.govt.rtr.funds
Other insurance cos.
41
42
43
44
45
46
47
48
49
50
51
48.5
27.1
-1.0
1.9
19.8
.6
32.0
13.8
-.7
4.8
14.9
-.7
95.2
26. 1
-1. 1
5.3
62.5
2.4
37.9
4.6
-.7
12.7
21.4
-. 1
4.4
23.8
-.3
14.6
-21.4
-12.5
-20.0
-6.9
-.3
12.3
-17.7
-7.3
11.2
19.7
29.4
-29.1
-8.9
-43. 1
16.0
-.3
9. 1
-43. 1
-24.9
7.9
23.6
-.3
4.8
-11.2
-9.0
41.7
35.9
-.4
15.2
-2.0
-7.0
107.6
36. 1
.3
34.6
21.8
14.8
Finance n.e.c.
Finance coapanies
Reits
Mutual funds
Honey aarket funds
Brokers and dealers
46
47
48
49
50
51
♦
Total net lending
in credit aarkets
19
(1) Excludes corporate equities.
Total Liabilities and Their Belation to Total Financial Assets
Met flows through credit aarkets (froa
761. 1
730.2
preceding table)
Other financial sources:
5.5
3. 1
Official foreign exchange
.3
.7
Treasury curr. and SDR ctfs.
1
488.7
433.7
489.8
480.3
630.8
510-8
518.3
678.2
596.5
2
3
*
1.6
8. 1
1.3
3.3
1.2
3.6
1.7
.5
.5
6.6
2.0
2. 1
.4
-2. 1
.5
-3.4
.5
4
5
6
7
8
9
10
181.3
35.9
61.0
34.4
27.8
16.1
6.1
216.1
16.0
86.7
29.2
61.0
20.4
2.8
275.0
28.3
47.5
107.5
61.8
17.5
12.6
221.5
36.5
138.5
24.7
3-4
15.9
2.5
216.7
38.7
218.9
-44. 1
-19.2
19.7
2.6
133. 4
39. 7
231.9
-68. 1
-72. 2
.3
1.8
248.4
87.9
426.3
-105.2
-170.8
19.2
-9. 1
198.6
113.9
171.7
-62.7
-18. 1
-11.2
4.9
239.2
4.1
161.9
-6.5
35.8
42.6
1.3
180.7
-51. 1
115.7
-1.8
76.4
28.2
13.4
366.3
72.3
153.0
32.7
37.1
61.6
9.5
Deposits at financial insts.
4
5
Checkable deposits
Saall tiae * savings dep.
6
Money aarket fund shares
7
Large tiae deposits
8
Security BP’s
9
Foreign deposits
10
11
12
12.5
55.6
1 1.5
78.2
10. 1
91.7
14. 1
106.3
15.8
126.9
14. 8
122. 4
16.5
131.9
15.3
130.3
15.5
113.3
15.8
132.2
17.0
129.2
Life insurance reserves
Pension fund reserves
13
14
15
16
17
18
19
22.7
>3.8
2.1
61.5
2.8
-28.8
91.8
-29.5
22.2
12.5
4 8.4
-3. 1
-4 0.8
63.4
-15.8
-3.7
.9
33.7
-8.4
-26.9
101. 1
-12.2
35.4
6.5
-12. 1
-16.2
-23.9
69.0
15.7
70.6
23.8
59.4
3.4
-61.0
62.7
38.3
64.0
25.2
-21.4
-15.8
-23.2
67.9
-65.8
83.4
16.1
23.4
-1.8
-27.6
54.2
9.1
90.9
40.8
89.4
22.7
-48.5
58.0
28.1
51.7
4.3
62. 1
1.2
-84.3
60.4
91.2
56.6
34.3
62.7
-8.5
-83.5
78.2
-5.8
-8.3
11.1
86.6
12.3
-18.7
98.7
Interbank claias
13
14
Corporate equities
Security credit
15
Trade debt
16
Profit taxes payable
17
Noncorp, proprietors* equity 18
Miscellaneous
19
20
888.0
822.0
952.2
873.9
1165.8
925. 1
999.5
1283.2
1084.9
1295.6
1453.4 Total financial sources
21
22
23
.3
-.1
-14.5
-.5
2.3
-10.1
.2
4. 1
4.6
.2
.6
-3.4
1.4
.1
-8.6
.4
1.6
-4.2
3.5
-2.6
-1.3
-10.2
-2.7
-8.6
6.2
6.5
-7.6
6.0
-.8
-17.0
.2
-15.5
24
25
26
27
28
-.1
-1.7
3.5
1.8
14.9
-.2
-3.4
8.9
.6
-11.8
-.2
-2.4
-3. 1
-1.0
-.5
1.1
15.7
4.5
-.8
-13.5
.5
-. 1
11.5
-1.2
-17.4
.4
12. 4
9.3
-1.0
-22.4
.4
-4. 1
-12.1
-2.0
-17.5
.5
3.3
3.5
-9. 1
.5
11.4
32.1
1.0
-43.8
.3
-11.1
22.5
-3.9
1.0
.7
1.5
8.4
.3
34.6
950.6
869.4
1179.7
928.6
1035.2
1306.4
1078.6
1298.6
1423.2
29 884.0 836.1
BILLIONS OF DOLLARS.
1/84 BASED ON INCOMPLETE INFORMATION.
»
♦
- Floats not incl. in assets
Deaand dep.:
U.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security RP’s
Profit taxes payable
Niscellaneous
Totals allocated to sectors
as assets
1
2
3
11
12
20
21
22
23
24
25
26
27
28
29
HAT 22, 1984
Saving by Individuals
Saving by Individuals
Anount and Coaposition of Individuals* Saving (1)
52
OBADJUSTED MET FLOSS($ HILL)
OBADJUSTED HET FLOSS(S HILL)
1982 |
IV I
|
1
BILLIONS OF DOLLABS
1975
1976
1977
1978
210.5
15.7
107.5
•
235.4
20.1
107.5
•2
275.3
22.5
100.3
6.9
1
2
3
4
1984
1
1974
1 Increase in financial assets
104,458 106,407 90,455 117,735 122,138
2
Checkable deposits and curr.
15,331
6,723 12,276
7,456
5,645
3
Tine and savings deposits
53,753 70,442 36,767 48,885 49,618
4
Honey aarket fund shares
-17,013 -26,296 -15,680 -1,625
-457
99,930
-1,569
47,820
8,187
147.3
7.4
55.7
2.4
174.3
6.9
83.4
1.3
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Securities
O.S. savings bonds
Other O.S. Treasury secur.
O.S. Govt, agency secur.
State ♦ local obligations
Corporate ♦ foreign bonds
Cpen-aarket paper
Hutual fund shares
Other corporate eguities
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance ♦ pea. res.
Hiscellaneous finan. assets
19 Gross inv. in tangible assets
20
Owner-occupied hones
21
Other fired assets (2)
22
Consuaer durables
23
Inventories (2)
1983
II
I
III
IV
12,865
757
9,767
-2,652
7,632
19,779
475
17,524
-2,304
4,432
18,547
874
-3,299
795
20,162
20,144
868
12,626
4,899
4,401
26,746
920
131
5,369
5,942
8,626
764
21,699
-2,251
-1,474
34.5
3.0
12.4
4.6
8.3
25.6
4.0
15.8
-1.0
6.2
15.7
4.7
2.1
2.9
2.0
21.3
4.7
9.2
5.7
-1.5
42. 1
3.9
18.0
7.6
4.1
5
6
7
8
9
1,505
-4,755
5,822
-5,211
-5,311
1,828
11,960
-8,825
-5,726
1,913
7,529
-3,703
3,285
-6,170
6,445
-6,210
4,460
-715
7,202
1,886
8,198 13,318
-5,476 -24,601
5. 1
1.7
.9
-1.6
8.9
-4.4
-.3
-3.5
11.8
-3.1
-2.4
-2.2
-3.2
9.8
.9
-4.4
-1.8
15.4
1
-5.0
10
11
12
13
3,687
9,833
7,417
11,021
7,564
4,119
10,705
8,843
9,070
3,022
3,814
9,779
7,696
13,817
3,445
3,865
8,963
8,120
19,557
2,370
3,933
8,416
8,169
13,864
6,204
4,224
8,000
9,682
10,102
4,858
6.6
6.4
10.7
12.6
11.1
8.5
8. 1
11.8
15. 1
13.6
8.2
15.3
11.2
17.7
19.2
11.3
14.9
18.7
22.5
18.9
11.7
18.3
15.9
27.9
29.6
14
15
16
17
18
112,837 105,111 119,865 120,384 134,784 133,639
22,612 25,120 20,585 27,769 32,633 34,412
23,682 22,634 28,124 25,786 21,675 20,968
69,091 58,390 71,892 68,089 81,055 72,526
-736 -1,260
-2,548 -1,033
-579
5,733
210.8
45.0
46.1
121.5
-1.8
222.3
45.6
42. 1
132.2
2.4
262.6
60.6
46.2
156.8
-1.0
320.8
81.8
57.7
178.2
3.1
375.6
99.2
73.2
200.2
3.0
19
20
21
22
23
24 Capital consuaption allowances
Owner-occupied hoaes
25
26
Other fixed assets (2)
27
Consuaer durables
89,957
13,247
22,577
54,133
91,866
13,678
22,654
55,534
93,344
14,041
22,528
56,775
96,101
14,506
23,339
58,256
97,231
14,882
22,822
59,527
99,230
15,320
22,966
60,944
146.5
19.7
33.7
93. 1
166.6
22.2
38.7
105.7
183.2
24.5
41.8
116.9
203.7
28.6
46.5
128.6
230.0
33.5
52.9
143.5
24
25
26
27
28 Bet inv. in tangible assets
29
Owner-occupied hoaes
30
Other fixed assets (2)
Consuaer durables
31
32
Inventories (2)
22,880
9,365
1,105
14,958
-2,548
13,245
11,442
-20
2,854
-1,033
26,521
6,544
5,596
15,117
-736
24,283
13,263
2,447
9,833
-1,260
37,553
17,751
-1,147
21,528
-579
34,409
19,092
-1,998
11,582
5,733
64.2
25.2
12.4
28.4
-1.8
55.7
23.5
3.4
26.5
2.4
79.4
36. 1
4.4
40.0
-1.0
117. 1
53.2
11.2
49.6
3.1
145.7
65.7
20.3
56.7
3.0
28
29
30
31
32
33 Bet increase in debt
34
Htg. debt oa nonfara hones
35
Other aortgage debt (2)
36
Consuaer credit
37
Security credit
38
Policy loans
39
Other debt (2)
40,197
16,267
5,557
10,290
4,376
533
3,174
29,733
20,698
8,127
-4,534
2,252
559
2,631
67,969
18,037
18,761
11,260
7.476
378
12,057
72,294
32,422
17,932
17,191
2,751
249
1,749
88,504
34,447
17,558
27,355
6,731
355
2,058
60,350
36,927
8,825
7,647
-550
188
7,313
83.3
38.0
25.6
9.9
-1.8
2.7
8.9
77.0
40.6
18.1
9.6
.7
1.6
6.5
124.7
61.4
21.3
25.4
4.8
1.4
10.4
183.0
90.8
32.0
40.2
1.3
1.7
16.9
224.9
111.5
34.6
48.8
1.2
2.6
26.2
33
34
35
36
37
38
39
40 Individuals* sawing (1*28-33)
87,141
89,919
49,007
69,724
71,187
73,989
128.3
12.6
28.4
153.0
15.1
26.5
165.1
17.7
40.0
169.5
22.5
49.6
196.0 40
27.9 41
56.7 42
.5
-.1
86.9
.2
.1
111. 1
.5
-. 1
107. 1
•6
-.3
97. 1
.7 43
.2 44
110.5 45
85.1
94.3
82.5
78.0
89.4 46
1.8
16.8
24.6
19.1
21.2 47
(1)
coabined statenent for households, fare business.
and nonfara noncorporate business.
(2) Includes corporate faras.
1784 BASED OB PBBLIHIBABT ABD IBCOBPLETE IBFOBHATIOB
HAT 22. 1984
Saving by Individuals
Saving by Individuals
Amount and Composition of Individuals* Saving
(1)
53
SBASOHALLI ADJUSTED AHNOAL BATES
SEASOHALLT ADJUSTED ANHOAL RATES
|
1
1982 1
iv
I
1979
1980
1981
1982
1983
1
2
3
4
293.6
22.0
78.5
34.4
323.1
3.8
125.6
29.2
354.2
25.8
66.3
107.5
365.2
23.0
120.5
24.7
436.7
32. 1
205.7
-44. 1
409.9
45.2
183.3
-68. 1
5
6
7
8
9
54.7
-.8
26.0
20.5
10.4
37.0
-7.3
28.9
11.0
7.0
19.2
-4.3
38.2
14.8
9.4
45.6
.2
31.6
-2.0
29.9
85.2
3.1
27.0
8.8
34.9
10
11
12
13
5.7
8.2
.1
-15.3
.6
-3.2
5.2
-5.1
-8.9
1.7
6.8
-38.5
-9.4
-8.2
18.6
-15.1
14
15
16
17
18
12.3
17.5
14.0
24.4
35.8
1 1.4
20.6
22.3
35.3
37.9
9.9
28.6
22.4
41.0
33.6
19
20
21
22
23
408. 1
110.9
78.5
213.4
5.3
386.7
96.7
82.0
214.7
-6.6
24
25
26
27
261.4
39.1
61.3
160.9
28
29
30
31
32
1983
IV
|
1
1984
I
II
III
442.8
75.4
286.8
-105.2
430.0
58.7
161.1
-62.7
403.1
-8.5
217.9
-6.5
471.0
2.7
157. 1
-1.8
430.8 Increase in financial assets
48.9
Checkable deposits and curr.
202.0
Tiae and savings deposits
32.7
Honey market fund shares
1
2
3
4
84.8
.7
50.2
-5.5
36. 3
24.7
4.7
14.8
3.0
23.2
111.8
3.9
49.9
-1.6
69.8
62.1
2.9
30.8
5.4
17.0
142.2
1. 1
12.3
28.2
29.8
-18.4
6.0
30.2
6.0
-.3
5
6
7
8
9
-3.3
4.8
34. 1
-24.2
3.8
-10.9
21.8
-11.8
-18.7
-5.1
44.0
-41.2
-19.6
-12.3
33.9
-12.2
10.9
-1.0
27.3
-31.3
14.3
37.4
31.3
-12. 1
.3
-5.2
48.8
-104.0
13.9
32.7
26.6
47.2
30.9
15.7
37.9
32.8
56.3
15.0
14.7
39.3
30.8
52.3
27.6
16.5
42.8
32.8
56.4
12.5
15.3
39. 1
31.2
60. 1
15.5
15.5
35.9
33.3
44.3
9.3
15.7
33.7
34. 1
64.5
22.8
16.9
32.0
35.6
61.7
19.5
438.4
96.6
96.9
236.1
8.8
418.3
77.0
100. 1
244.5
-3.3
480. 1
106.1
98.2
279.4
-3.6
425. 1
80.4
99.9
252. 1
-7.3
444.5
86.6
101.7
258.5
-2.3
474.3
101.4
100.0
277.7
-4.8
488.9
115.1
99.2
282.8
-8.2
512.8
121.3
92-0
298.6
.9
554.3 Gross inv. in tangible assets
Owner-occupied hoaes
118.6
Other fixed assets (2)
95.7
314.9
Consumer durables
Inventories (2)
25. 1
19
20
21
22
23
298.0
44. 1
72.0
182.0
325.5
48.3
80.8
196.4
349.0
50.9
88.9
209.2
378.5
57.1
91.3
230.1
359.8
53.0
90.3
216. 5
367.5
54.7
90.6
222.1
373.4
56.2
90. 1
227.1
384.4
58.0
93.4
233.0
388.9
59.5
91.3
238.1
396.9 Capital consumption allowances
Owner-occupied hoaes
61.3
91.9
Other fixed assets (2)
243.8
Consuaer durables
24
25
26
27
146.7
71.8
17.2
52.5
5.3
88.7
52.6
10.0
32.8
-6.6
112.8
48.3
16.0
39.7
8.8
69.3
26.1
11.2
35.3
-3.3
101.6
49.0
6.9
49.3
-3.6
65.2
27.4
9.6
35. 5
-7.3
77.1
31.9
11.1
36.4
-2.3
101.0
45.3
9.9
50.6
-4.8
104.5
57.1
5.8
49.8
-8.2
123.8
61.8
.7
60.5
.9
157.3 Net inv. in tangible assets
Owner-occupied hoaes
57.3
3.8
Other fixed assets (2)
71. 1
Consuaer durables
25. 1
Inventories (2)
28
29
30
31
32
33
34
35
36
37
38
39
237.4
121.2
40.9
45.4
1.0
4.7
24.1
175.8
98.3
34.8
4.9
6.5
6.7
24.7
180.3
78.8
37.2
24. 1
-1.6
7.4
34.5
127.6
55.8
27.4
18.3
3.3
4.2
18.6
258.5
105.6
62.4
51.3
19.2
1.5
18.5
142.0
57.7
26.5
23.6
17.5
2. 1
14.5
181.8
77.7
42.7
26.5
9.0
2.2
23.7
253.5
90.0
60.9
45.3
29.9
1.5
25.8
269.3
124.0
71.3
48.7
11.0
1.0
13.2
329.4
130.7
74.6
84.6
26.9
1.4
11.3
306. 1 Bet increase in debt
Htg. debt on nonfara hoaes
140.3
45.8
Other mortgage debt (2)
78.5
Consuaer credit
Security credit
-2.2
.8
Policy loans
42.8
Other debt (2)
33
34
35
36
37
38
39
40
41
42
202.9
24.4
52.5
236.1
35.3
32.8
286.7
41.0
39.7
306.9
47.2
35.3
279.8
56.3
49.3
333. 1
52.3
35.5
338.0
56.4
36.4
277.5
60. 1
50.6
238.4
44.3
49.8
265.4
64.5
60.5
40
41
42
43
44
45
.9
.1
124.9
1.8
-.5
166.7
2.7
-.4
203.7
2.4
222. 1
3.4
.1
170.8
2. 1
. 1
243. 1
2.1
-. 1
243.1
3.0
*
163.8
4.7
.2
139.5
3.6
.2
136.7
282. 1 Individuals* saving (1*28-33)
61.7 - Govt, insurance * pen. res.
71. 1 - Net investaent in cons. dur.
- Capital gains dividends
5.4
froa autual funds
.3 - Net saving by fara corps.
143.6 = Personal saving, F/F basis
43
44
45
46
96.7
110.2
135.3
125.4
113.6
120.8
121.7
91.5
115.8
125.6
146.3 Personal saving, NIPA basis
46
47
28.2
56.5
68.4
96.7
57. 1
122.3
121.4
72.3
23.6
11. 1
♦
I
Securities
O.S. savings bonds
Dther O.S. Treasury secur.
U.S. Govt. agency secur.
State * local obligations
Corporate ♦ foreign bonds
Open-aarket paper
Hutual fund shares
Other corporate eguities
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance ♦ pen. res.
Hiscellaneous finan. assets
-2.7 Difference
(1) Coabined stateaent for households, fara business,
and nonfara noncorporate business.
(2) Includes corporate tarns.
BILLIOHS OP DOLLABS.
1/84 BASED ON IHCOHPLETE INFOBHATION.
10
11
12
13
14
15
16
17
18
47
HAY 22, 1984
Discrepancies
Discrepancies
54
Discrepancies - Suaaary for Sectors and Transactions
UNADJUSTED NET FLOWS{$ HILL)
OHADJUSTED NET FLOWS($ HILL)
1982 1
IV
1
1983
II
I
III
IV
I
1
1984
I
1974
BILLIONS OF DOLLABS
1977
1976
1975
1978
18. 1
-21.2
23.8
7.4
3.9
11.5
Sector :Discrepancies
1 Total, all sectors
Households
2
Nonfin. corporate business
3
State and local governaents
4
U.S. Governaent
5
Foreign
6
-359 -12,839
23,780 -28,414
-1,919
-15,663 -47,470 -19,774
9,609
8,777
4,383
23,066
3,512
5,550
2,233 -5,178
-1,416
10,095 -4,976
989
7,794 -2,958
13,850
368
29,977 -10,014
12,047 -17,214
20,578
-179
5,761
4,177
2,511
-1,958
-5,023
6,222
.4
-1.8
.2
4.9
-.7
-2.4
4.7
-16.8
6.0
6.8
2.7
5.7
3.5
24.6
9.2
8.3
4.8
9.6
-.9
-19. 1
16.5
5.3
5.8
-2.9
1
2
3
4
5
6
-7. 4 7
.5 8
9
-8.0 10
7
8
9
10
Financial sectors
Sponsored credit agencies
Honetary authority
Coaaercial banks
-1,974
625
-1,693
-2,481
88
-2,131
1,268
222
-1,987
-5,517
5
-3,148
-4,313
452
-3,024
-2,646
47
-3,166
. 1
.1
-3.2
.3
.3
. 1
-3.8
.3
-1.4
-6.5
.4
-6. 1
11
12
13
14
15
16
Private nonbank finance
Savings and loan assns.
Hutual savings banks
Life insurance
Other insurance
Finance n.e.c.
-906
118
-78
879
99
-1,924
-438
516
-312
-165
-353
-124
3,033
328
-175
-390
1,005
2,265
-2,374
-305
-330
-90
-267
-1,382
-1,741
90
-356
-162
-29
-1,284
473
689
-183
-83
-480
530
3.2
.1
.1
.5
1. 1
1.4
-. 1
•
-. 1
-.4
-.9
1.2
-2.6
-.2
-.2
-2
-2.8
.3
-.8
-.5
-.3
1.5
-1.5
•
.2
-.2
-. 1
1.6
-.7
-.4
11
12
13
14
15
16
.4
-. 1
2.5
.3
4.7
*
-3.8
4.6
3.5
-.2
-.9
9.3
-.9
-.3
-5.4
5.5
18.1
*
.8
11.4
1
2
3
4
*
-.5
5
6
Transaction Discrepancies
1 Total, all types
2
Treasury currency
Interbank claias
3
4
Security BP’s
Deaand deposit sail floats:
5
U.S. Governaent
6
Other
7
8
9
10
11
12
Trade credit
Profit taxes payable
Hiscellaneous
Nonfinancial
Nonfinancial coaponents:
NIPA discrepancy (neg.)
Pvt. Hage accr. less disb.
23,780 -28,414
95
112
984
639
3,277 -3,387
-359 -12,839
137
133
1,584
2,998
679
7,182
151
-8,727
315
-114
-179
-5,342
1,101
14,293
-884
-6,642
*
.4
. 1
1.6
-.8
.6
1.5
1.8
12,927 -12,341
-1,039
872
-11,948 -1,769
5,647 -4,309
-3,016
928
-1,047
179
-3,322
-1,421
-7,787
-5, 105
10,043 -14,349
-1,626
1,336
-6,751
11,938
11,494 -5,783
-.4
.7
.7
-3.7
3.0
-1.0
5.5
-5.5
-4.4
.2
4.7
-5. 1
-10.2
-1.0
8.6
-1.3
-4.2 7
1.5 8
6.6 9
2.5 10
3.7
-
5.5
-
5. 1
-
1.3
-
-2.5 11
12
-204
14,386
-5,647
-
4,309
-
-179
-
1/84 BASED ON PBELIHINABY AND INCOHPLETE INFOBHATION
29,977 -10,014
86
174
-5,687
2,468
7,024
1,728
5, 105 -11,494
-
5,783
-
BIT 22, 1984
Discrepancies
Discrepancies
55
Discrepancies - Suaaary for Sectors and Transactions
SEASONALLY ADJUSTED AMJOIL BITES
1979
1980
1981
1982
SEASOMALLT ADJUSTBD AHBUAL BATES
1983
I 1982 1
I IT I
1983
I
II
III
1984
I
Sector Discrepancies
1
2
3
4
5
6
5.5
-28.2
-1.0
11.9
6.0
27.5
-16.4
-56.5
13.1
8.8
-.4
24.8
6.5
-68.4
41.6
3.0
10.3
25.9
3.9
-96.7
57.7
5. 1
4.2
38.5
-11.6
-57.1
43.3
6.8
6.2
.2
-7.7
-122.3
52.5
6.1
3.2
61.6
-34.5
- 121.4
60.0
6.1
6.5
22.7
-19.8
-72.3
47.2
6.8
10.7
-11.4
3.8
-23-6
27.0
6.9
7.9
2.7
3.9
-11.1
39.2
7.3
-.2
-13.3
7
8
9
10
-10.6
•6
-9.4
-6.2
1.1
-9.7
-5.8
1.0
-9.3
-4.9
.8
-7.7
-11.0
.8
-10.3
-8.8
1.5
-10.7
-8.3
.2
♦
-8.3
-.8
1.9
*
-7.4
-17.0
.2
•
-9.1
-18.1
.8
*
-16.5
11
12
13
14
15
16
-1.9
-.3
•
-.7
1.1
-2.0
2.4
.7
-.2
.5
4.2
-2.7
2.6
1.2
.2
2.6
1.8
-3.2
1.9
1.4
-.2
.7
.6
-.6
-1.5
.6
-1.2
-.8
•4
-.5
.4
1.3
-.6
.7
.6
-1.5
-.3
1.2
-.2
-.6
.4
-1.1
4.7
1.2
-.8
.3
.6
3.5
-8.1
-1.2
-2.0
.5
.6
-5.9
-2.4
1.3
-1.6
-3.4
-.2
1.4
40.3 Total, ail sectors
2.7
Boaseholds
Honfin. corporate business
21.7
State and local governaents
6.8
O.S. Governaent
3.1
Foreiga
14.6
1
2
3
4
5
6
-8.7
•
-12.3
Financial sectors
Sponsored credit agencies
Honetary authority
Connercial banks
7
8
9
10
3.6
1.8
.3
-.1
.2
1.4
Private nonbank finance
Savings and loaa assns.
■steal savings banks
Life insarance
Other insurance
Finance n.e.c.
11
12
13
14
15
16
40.3 Total, all types
.7
Treasary currency
Interbank clains
1.5
Security BP’s
8.4
Denand deposit nail floats:
•
U.S. Governnent
Other
•2
1
2
3
4
5
6
Trade credit
Profit taxes payable
Hiscellaneous
Moafinancial
7
8
9
10
Transaction Discrepancies
1
2
3
4
5.5
-.1
-1.7
3.5
-16.4
-.2
-3.4
8.9
6.5
-.2
-2.4
-3.1
3.9
1.1
15.7
4.5
-11.6
.5
-.1
11.5
-7.7
.4
12.4
9.3
-34.5
•4
-4.1
-12.1
-19.8
•5
3.3
3.5
3.8
.5
11.4
32.1
3.9
•3
-11.1
22.5
5
6
.3
-.1
-.5
2.3
.2
4.1
.2
.6
1.4
.1
.4
1.6
3.5
-2.6
-10.2
-2.7
6.2
6.5
6.0
-.8
7
8
9
10
-14.5
1.8
14.9
1.5
-10.1
.6
-11.8
-2.3
4.6
-1.0
-.5
4.9
-3.4
-.8
-13.5
-.5
-8.6
-1.2
-17.4
2.3
-4.2
-1.0
-22.4
-4.2
-1.3
-2.0
-17.5
1.2
-8.6
*
-9.1
3.5
-7.6
1.0
-43.8
-2.5
-17.0
-3.9
1.0
6.8
-15.5
•3
34.6
10.1
11
12
-1.5
-
2.3
-
-4.9
-
.5
-2.3
-
4.2
-1.2
-3.5
2.5
-
-6.8
-
-10.1
-
BILLIOIS OF DOLLABS.
1/84 BASED OB IHCOHPLETE IMPOBHATIOM.
Bonfinancial conponents:
HIPA discrepancy (neg.)
Pvt. vage accr. less disb.
11
12
@FedFRASER