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Z.l
November 1982
Flow of Funds
1982: Q3
Flow of Funds Accounts,
Third Quarter 1982
Seasonally Adjusted and Unadjusted
Board of Governors of the Federal Reserve System, Washington, D.C. 20551
TABLE LIST
PAGE
SUMMARY TABLES
1
Income and Product Distribution
2
Funds Raised in Credit Markets
4
Credit Market Supply of Funds
SECTOR TABLES
6
Households
8
Total Nonfinancial Business
Noncorporate Business
10
Nonfinancial Corporate Business
12
State+Local Governments
Foreign
14
U.S. Government + Credit Agencies
16
Banking System
18
Commercial Banking Subsectors
20
Nonbank Finance Summary
22
Savings Institutions
24
Insurance + Pension Funds
26
Finance N.E.C.
TRANSACTION TABLES
28
Monetary and Insurance Reserves
Interbank Claims
30
Deposit Claims
32
U.S. Government Securities
34
Private Securities
36,38
Mortgages
40
Consumer Credit and Bank Loans N.E.C.
42
Open Market Paper
Other Loans
44
46,48
Security Credit, Trade Credit, and Taxes
Miscellaneous
50
Total Claims
52
Savings By Individuals
54
Discrepancies
Flow of Funds Accounts
Third Quarter 1982
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 for them have been completed in a form that will usually
stand until the next annual revision. Virtually all quarterly data sources
are compiled within five or six months of the end of the quarter, and the
distinction between the two columns is not between final and preliminary
versions of data but rather between those source estimates that are fully
ready when the first quarterly estimate is put together and those that are
not yet completed.
Availability. This publication is part of 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.
- i -
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 -
Information Status for Preliminary Estimates
NONFINANCIAL—
1.
National income and product
accounts
Available
Second quarterly estimate, seasonally
adjusted
Major items missing
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.
- iii -
See item 9
Major items missing
Available
FINANCIAL—
Monthly Treasury Statement of Receipts
and Outlays for last month of quarter,
Federal Financing Bank Statement
Loans outstanding except at Federal
Financing Bank
Sponsored credit agencies
Balance sheets for FNMA, Home Loan
Banks, Farm Credit Administration
securities outstanding. FCA loans
for most recent June or December
FCA loans for March and September
Mortgage pools
Complete
None
Monetary authorities
Complete
None
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.
Savings and loan associations
Last month of quarter on summary
monthly basis
Detailed balance sheets and liquidity
statements
Mutual savings banks
Two months of quarter
Last month of quarter
Credit unions
Deposit flows and consumer credit
Other assets
Life insurance companies
Two months of quarter
Last month
Private Pension Funds
Third quarter 1981
Later quarters
State and local government
retirement system
Preceding quarter
Current quarter
Other insurance companies
Preceding quarter
Current quarter
U.S. Government
- iv -
FINANCIAL—
Available
Major items missing
20.
Finance companies
Complete
None
21.
REIT f s
Preceding quarter
Current quarter
22.
Investment companies and
money market funds
Complete
None
23.
Security brokers and dealers
Borrowings
Assets
- v -
NOVEMBER 22, 1982
Income and Product Distribution
Income and Product Distribution
Income and Product Accounts:
GNP Expenditures and Gross Saving
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL RATES
I
1981
III
1
1982
II
1977
1978
1979
1980
1
1918.3
2163.9
2417.8
2633.1
2937.7
2901.8
2980.9
3003.2
2995.5
3045.2
3080.7 Total GNP
1
2
3
4
5
6
1598.3
1204.4
178.2
250.4
143.4
1778.4
1346.5
200.2
278.3
153.6
1981.5
1507.2
213.4
306.0
168.3
2205.6
1667.2
214.3
341.2
197.2
2440.1
1843.2
234.6
368.0
22 8.9
2402.6
1819.4
230.4
365.0
218.2
2469.0
1868.8
241.2
370.1
230.0
2510.8
1884.5
229.6
375.7
250.5
2549.4
1919.4
237.9
380.4
249.7
2578.8
1947.8
240.7
386.6
244.3
2636.6 Current outlays
1987-5
Households
Of which consumer durables
240.1
State and local governments
392.7
256.4
U.S. Government
2
3
4
5
6
386.6
360.1
111.2
4.5
85.7
87.1
1.7
423.0
408.8
118.6
5.0
91.3
91.1
1.7
402.3
412.4
103.2
471.5
451.1
104.9
475.5
450.9
109.5
468-9
455.7
95.5
4.4
66.8
70.4
2.9
414.8
450.4
93.4
5.1
64.4
61.4
2.4
431.5
447.7
95.5
5.5
66.6
63.8
2.8
7
8
9
10
11
12
13
324. 1
301.0
95.8
3.9
78.7
73.2
1.5
1981
I
II
IV
1
I
1.6
486.0
454.2
101.2
5.0
72.0
76.2
2-4
14
15
16
4.0
2.0
2.0
.9
.4
.4
-1.5
-.8
-.8
-2.0
-1.0
-1.0
-3.5
-1.7
-1.7
-3.2
-1.6
-1.6
-6.6
-3.3
-3.3
-6.5
-3.3
-3.3
.5
.3
.3
17
18
19
20
21
13.2
3.8
7.8
1.5
.1
17.0
5.8
9.1
2.0
22.3
10.8
8.8
2.6
23.4
12.9
24.8
10.5
11.6
25.0
10.3
12.0
2.8
24.2
10.0
11.6
2.6
24.2
10.4
11.5
2.3
24.0
10.7
10.9
2.4
-
-
-
-
22
23
24
25
26
27
205.2
5.9
15.2
26.3
8.8
149.2
248.9
6.6
17.6
39.4
11.0
174.3
290.2
7.3
19.9
45.5
13.3
204.3
309.2
346.1
8.2
9.3
18.7
48.6
15.2
218.4
18.8
59.2
17.4
241.4
14.3
5.7
8.6
-.4
9.0
-10.0
-4.3
-5.7
-1.3
-4.4
20.5
13.2
281.4
25.2
339.2
314.0
26. 1
367.3
341.3
1824.1
106.2
5.8
2029.2
130.2
6.4
28
29
30
31
32
23.0
1. 1
21.9
2.0
19.9
26.5
1. 1
25.4
2.0
23.4
33
34
35
-4.0
182.7
186.7
-1.1
218.7
219.8
36
37
38
1314.0
78.0
5.9
1474.0
89-4
6.1
1650.2
96.7
5.9
39
40
-45.9
28.0
-29.5
30-3
-16.1
30.4
41
42
43
194.7
.4
15.1
23.1
156. 1
46
47
48
49
2,68. 1
4.3
75.4
75.5
1.9
8.0
2.5
-61.4
28. 1
4.9
5.3
75.3
76.7
2. 1
79.2
80.7
2.6
5.5
15.0
1.2
13.8
-60.0
31.7
*
*
*
23.5
10.7
10.5
2.3
-
-
341.3
9.2
18.9
62.8
16.5
233.9
353.0
9.4
19.9
60.0
16.5
247.1
360.2
9.5
18.2
57.9
20.5
254. 1
357.0
9.6
15.2
55.3
16.4
260.4
352.2
9.6
15.0
49.8
17.7
260. 1
24.6
5.3
13.3
1.3
18.0
31.8
7.2
24.6
1.5
23.1
13.2
7.2
6.0
1.2
4.8
-35.6
.4
-36.0
-5.9
-30.2
-16.2
-1.2
-15.0
4. 1
-19.1
23.7
368.9
345.1
25.9
367.2
341.3
23.5
367.9
344.4
31.3
359.9
328.6
34.9
365.8
330.9
1996.5 2060.0
134.4
122.0
6.5
6. 1
2101.4
158-6
7.5
2117.1
139.1
6.6
2151.5
144.3
-101.7 -118.4
29. 1
27.7
-119.6
-40.5
32.9
-58.0
33.5
-
-
-
6.7
32.1
III
441.3 Gross domestic investment
43 8.4
Private fixed investment
Residential construction
97.2
5.3
Mobile homes
67.3
1-4 .Family structures
Household purchases
64.2
2-7
Farm
Change in work in
.4
process on nonfarm
.2
Noncorporate
.2
Corporate
24.6
11.0
11.2
2.4
341.2
9.7
14.0
46. 1
15.9
255.5
2.9
2.9
2.9
Multi-family units
Households (1)
Noncorporate business
Nonfin. corp. business
Reits
Nonres. plant + equipment
Nonprofit inst. (HH)
Farm
Nonfarm noncorp. bus.
Financial corporations
Nonfin. corp. business
Inventories
Farm
Nonfarm
Noncorporate
Corporate
220 1.7 Disposable personal income
154.4 Personal saving
Saving r a t e
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
2.8 Net exports
347.0
Exports
344.2 - Imports
7.0
7
8
9
10
11
12
13
(per cent)
-153.1 F e d e r a l g o v e r n m e n t s u r p l u s
36
37
38
39
32.5 St. + local government surplus 40
Corporate profits, taxes, and dividends:
17 1.7
179.3
Profits - total
.4
.2
Farms
41
42
18.2
22.2
131.0
Foreign
financial corporations
Nonfin. corporate business
43
44
45
233.3
.7
21.0
20.8
190.9
216.5
.5
25.7
20.4
169.9
79.2
. 1
17.8
61.4
82.4
.1
16.9
65.5
71.6
.1
16.8
54.8
56.7
. 1
17.7
38.9
55.3
.1
18.2
37.1
60.8
*
18.8
42.0
Tax a c c r u a l s - t o t a l
Farms
Financial corporations
Nonfin. corporate business
46
47
48
49
65.1
.3
-2.2
66.9
52.6
14.3
64.0
.3
-2.3
65.9
50.9
15.0
66.8
.3
-1.7
68.2
54. 1
14. 1
68.1
.3
-2.1
69.8
56.4
13.4
68.8
.3
-2.0
70.5
57.7
12.8
69.3
.3
-1.7
70.7
70.5
.3
-1.6
7 1.8
Dividends - total
Farms
Financial corporations
Nonfin. corporate business
50
51
52
53
59.4
11-3
60.6
11.2
Net d i v i d e n d s paid
«• Net fgn. div. received
54
55
99.7
.3
12.0
11.9
75.5
57.1
18.4
85.8
.3
7.0
8.5
70.1
55.7
14.3
82.2
.3
7.2
5.8
69.0
53.9
15.0
84.0
.3
5.5
6.9
71.3
57.2
14. 1
76.9
.2
5.7
12.2
58.8
45.3
13.4
46.1
47.0
-14.8
-.2
-17.8
-.3
-16.8
-.2
-.5
-16.2
-17.5
-.2
-.6
-16.7
-17.1
-.2
-.4
-16.5
-15.5
-.2
-.3
-15.0
4.2
4.1
37.8
25.0
12.8
-10 1
-. 1
-.1
9.9
48.5
-.2
7.5
5.5
35-7
24.5
222.4
33.5
5.5
12.6
33.2
137.6
6.7
1-6
129.2
256.0
39.1
6.3
14.4
38.7
157.5
7.9
1.9
147.7
293.2
44.1
7.2
16.6
44. 1
181.2
9.2
2.2
169.8
330.1
48.3
7.8
18.3
49.5
206.2
10.4
2.5
193.3
325.0
335.2
344.8
348.7
353.9
359.9 Total capital consumption
48.0
7.7
18.1
48.3
202.9
4 8.9
7.9
18.5
50.2
209.7
49.6
8.0
18.9
52.2
216.0
50.1
8.0
19.0
52.7
218.9
50.4
8.1
19.2
52.9
223.4
51.0
8.2
19.6
53.4
227.8
10.2
2.5
190.2
10.6
2.6
196.5
10.9
2.6
202.5
11.1
2.7
205.1
11.3
2.7
209.4
11.6
2.8
213.5
128.6
323.8
143.5
366.0
160.9
417.0
181.9
475. 1
196.4
526.5
195.3
520.3
198.4
533.6
200.7
545.4
202.2
550.9
203.0
557.0
Memo: Cap. cons, on consumer
204.9
durables not included above 76
564.8 Tot. cap. cons. incl. durables 77
-4.6
-.8
-7.2
-7.5
.8
37.3
14.7
36.3
14.9
34.7
15.4
34.9
15.6
35.0
16.0
35.1
16.1
35.3
16.2
33.1
15.8
33.0
15.7
32.2
15.7
229.1
.9
19.7
31.0
177.5
252.7
.9
30.6
30.3
190.9
242.4
.7
30.3
29.2
182.2
232.1
.7
22.8
22.7
185.9
72.7
.2
13.1
59.4
83.2
.3
16.4
66.6
87.6
.3
18.4
68.9
84.7
.2
19.9
64.6
81.2
.1
17.9
63.3
50
51
52
53
54
55
40.8
.3
-1.4
42.0
31.7
10.3
47.0
.2
-1.2
48.0
37.5
10.5
52.7
.2
-2.2
54.7
39.5
15. 1
58.1
.3
-2.7
60.5
42. 1
18.4
56
57
58
59
60
61
62
81.2
-.1
11.5
4.8
65.0
54.7
10.3
98.9
.5
15.9
9.2
73.3
62.8
10.5
112.4
.3
14.2
15.5
82.4
67.3
15. 1
63
64
65
66
-11.3
-.2
-.5
-10.6
-12.7
-.2
67
68
69
70
71
72
73
74
75
195.2
28.6
4.8
11.2
29.1
121.5
5.8
1.4
114.3
76
77
79
80
225.4
.7
20.8
22.7
181.2
171.6
.4
16.9
20.0
134.4
*
5.6
6.8
34.5
23.2
16.8
24.7
138.2
Dndist. profits - total
56
farms
57
Financial corporations
58
Foreign
59
N o n f i n . c o r p o r a t e b u s i n e s s 60
Domestic undist. prof.
61
11.3
11.2
• Net fgn. div. received
62
-b. 9
-. 1
.2
-7.0
-4.0
*
.4
-4.4
Cap. cons, adjust. - total
Farms
Financial corporations
Nonfin. corporate business
63
64
65
66
O w n e r - o c c u p i e d h o m e s (HH)
N o n p r o f i t i n s t i t u t i o n s (HH)
Farm n o n c o r p o r a t e
Nonfarm n o n c o r p . b u s i n e s s
Total c o r p o r a t e
Financial business
Corporate farms
Nonfin. corporate business
-6.8 Statistical discrepancy
78
33.8 Profit tax rate (per cent)
15.2 Personal tax rate (per cent)
79
80
(1) Purchases of condominium units.
BILLIONS OF DOLLARS.
111/82 BASED ON INCOMPLETE INPORMATION.
NOVEMBER 22, 1982
funds Raised In Credit Markets
Funds Eaised in Credit Markets
Summary of Funds Raised in Credit Markets
UNADJUSTED NET FLOWS ($ MILL)
ONADJOSTED NET FLOWS ($ MILL)
II
1981
III
IV
|
J
I
1982
II
BILLIONS OF DOLLARS
1973
1974
1975
III
Credit Market Funds Raised by Nonfinancial Sectors
1
2
.Total funds raised
by nonfinaxicial sectors
Excluding eguities
3 U . S . Government
4
Treasury issues
5
Agency issues and mortgages
103,590 105,061 104,843
104,252 111,560 110,576
-2,607
-2,421
-186
Private domestic
Nonfinancial sectors
Corporate equities
Debt instruments
91,013
89,662
131,089
130,981
9,351
9,028
58,224
57,715
323
509
18,454
18,544
-90
35,695
35,785
-90
32,722
33,304
-582
86,607
-6,499
93,106
69,148
-5,733
74,881
44,246
-1,536
45,782
97,868
-8 50
98,718
79,359
-6,150
85,509
63,356
-5,750
69,106
6 All other nonfinancial sectors 106,197
7
Corporate eguities
-662
8
Debt instruments
106,859
9
10
11
76,968
78,504
81,662
72,865
1,351
80,311
108
72,757
43,280
-1,322
44,602
78,156
1,250
69,474
76,906
69,474
176.8
166.3
201.7
194.0
85.4
85.8
-.4
161.7
10.5
151.2
193.4
7.7
185.7
182. 1
3.8
178.3
129.0
10. 1
118.9
204.5 .6
10.8 7
193*6 8
157.0
10.9
146. 1
187.2
7.9
179.4
167.4
4. 1
163.3
117.5
9.9
107.5
184.9 9
10.5 10
174.3 11
102. 1
14.7
12.2
75.2
42.5
12.7
16.4
3.6
104.3
14.7
9.2
80.4
45.6
10.4
18.9
5.5
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
123.6
15.7
22.8
85.1
63.9
3.9
11.6
5.7
62.7
9.9
32.6
6.6
13.5
6.6
9.6
-10.5
-2.6
10.1
167.4
15.5
53.9
98.0
7.8
20.2
69.9
65.9
4. 1
117.5
13.7
52.1
51.6
8.5
12.5
30.7
20.8
9.9
45,062
8,766
4,526
31,770
22,145
1,012
6,096
2,517
37,108
8,159
5,773
23,176
14,253
1,146
6,003
1,774
31,144
7,005
4,557
19,582
11,390
1,503
4,499
2,190
41,586
49,459
15,016
6 , 195
20,375
12,595
16,022
10,173
1,574
2,884
1,427
20
21
22
23
24
Other debt instruments
Consumer credit
Bank loans n.e.c.
Open-market paper
Other
45,398
8,846
17,836
5,591
40,447
11,703
16,772
7,358
4,614
31,998
7,310
16,175
1,035
7,478
13,458
-7,024
35,320
6,079
20,704
2,180
.6,357
20,015
5,025
12,542
-1,079
3,527
44.0
19.8
16.4
.8
6.9
75. 1
24.3
37.0
2.5
11.3
63,356
5,501
27,317
30,538
-1,024
10,342
21,220
26,970
-5,750
43,280
3,828
78,15,6
12,386
20,567
45,203
6,581
10,556
28,066
26,816
69,474
12,242
25,337
31,895
2,767
5,876
23,252
23,252
157.0
14.5
64.9
77.6
5.8
28.4
43. 4
32.4
10.9
187.2
13.2
77.7
96.4
9.9
29.8
56.7
48.8
7.9
4.7
-.4
5. 1
1.0
3.7
-1.0
1.5
6. 1
-.2
6.3
1.0
2.8
.9
1.7
13,125
25
26
27
28
29
30
31
32
33
By borrowing sector:
State+local governments
Households
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
Debt instruments
Eguities
97,868
6,714
34,551
5,6,603
8,704
13,695
34,204
35,054
-850
79,359
5,874
36,915
36,570
3,778
9,488
23,304
29,454
-6,150
34
35
36
37
38
39
40
Foreign
Corporate eguities
Debt instruments
Eonds
Bank loans n.e.c.
Open-market paper
0.S. Government loans
8,329
188
8,141
1,322
1,023
4,810
98.6
7,248
-349
7,597
967
4,591
1,049
990
5,792
17
5,775
2,825
-373
2,525
798
6,596
3,040
-8,001
41 Memo: O.S. Govt, cash nalance
Totals net of changes in
42 Total funds raised
43
By O.S- Government
Govt, cash balances:
S6,994 102,021 112,844
-9,203
15,414 43,696
11,685
5,983
2,814
9,075
30,377
1,690
4,781
23,906
25,228
-1,322
1,774
1,250
966
- 2 14
3,506
10 1
1,180
745
-4,370
4,100
705
3,405
34 1
562
1,566
936
3,391
108
3,283
2,959
-457
-280
1/061
-171
15,608
76,168
31,922
91,184 115,481
9,522 42,6 16
1
2
11.8
12.0
-.2
53,320
9,482
7,778
36,060
24,076
1,391
7,535
3,058
17,179
273.5
262.7
a. 3
7.9
.4
Debt capital instruments
St.+local obligations
Corporate bonds
Mortgages
Home mortgages
Multi-family resid.
Commercial
Farm
23,264
214.4
204.3
15- 1
14.3
.8
12
13
14
15
16
17
18
19
932
5,274
193.9
190.1
177.1
15.4
*
11.0
4.6
69.0 3
69. 1 4
-. 1 5
12
13
14
15
16
17
18
19
50.7 20
25.4 21
4. 4 22
4.0 23
16.9 24
184.9
15.2
89.5
80.2
10.2
15.4
54.5
44.0
10.5
25
26
27
28
29
30
31
32
33
14.8
-.2
15.0
2.1
4.0
7.3
1.6
11.5
.2
11.3
6.2
2.0
.3
2.8
19. 6 34
.3 35
19.3 36
8.6 37
5.6 38
1.9 39
1 98. 5
16.4
211. 5
82.5
270.4 42
65.9 43
20.7
16.6
3.4
.7
10.3
2.3
7. 1
.9
14.3
2.5
12.2
-.4
2
3
4
5
26.8
2.5
24.3
4.4
-1.2
9.0
4.9
7.2
18.8
1.9
16.9
3.1
-1.3
4.6
3. 8
6.7
-.b
.5
-1. 1
2.3
-3.7
1.1
-4.0
6.2
-.2
8.4
9.8
2. 1
-3.7
2.2
-2.0
6
7
8
9
10
11
12
13
203.3
9.9
3.3
40
Credit Market Funds Raised by Financial Sectors
Total funds raised
1 by financial sectors
33,963
32,485
13,491
14,939
34,276
18,402
O.S. Government-related
Sponsored credit ag. sec.
Mortgage pool securities
Loans from U.S. Government
13,174
9,583
3,591
17,004
13,485
3,519
8,168
3,561
4,607
10,422
1,782
8,640
16,984
8,362
8,622
17,786
5,188
12,598
-
-
-
-
-
Private financial sectors
Corporate eguities
Debt instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Loans from FHLB's
20,789
1,777
19,012
1,152
-70
2,197
8,813
6,920
15,481
1,012
14,469
-1,560
-933
-227
8,937
8,252
5,323
2,906
2,417
932
-796
1,419
15
847
4,517
4,891
-374
-879
30
1,784
-2,277
968
17,292
2,965
14,327
-56
705
554
9,888
3,236
616
6,549
-5,933
1,350
954
-272
-6,209
-1,756
19.8
3. 2
16.6
7.0
1.7
6.0
1.9
14 Total, by sector
15
Sponsored credit agencies
16
Mortgage pools
33,963
9,583
3,591
32,485
13,485
3,519
13,491
3,561
4,607
14,939
1,782
8,640
34,276
8,362
8,b22
18,402
5,188
12,598
28.2
3.5
4.9
46.7
16.3
3.6
39.5
17.3
3.4
9.7
3.2
7.1
20,789
102
3,615
7,364
274
8, 120
-261
1,575
15,481
29
3,705
8,414
270
2,296
-35
802
5,323
239
1,121
-1,653
264
2,877
-135
2,610
4,517
111
1,658
1,441
258
-3,414
-80
4,543
17,292
210
3,175
3,203
251
7,972
-44
2,525
616
522
-3,918
-2,023
245
-287
-45
6,122
19.8
26.8
1.2
3.2
6.0
.5
9.5
6.5
-.2
18.8
1.2
4.4
4.8
.9
6.0
.6
.9
-.6
1.2
.6
-2.3
1.0
.5
-1.3
-.3
2
3
4
5
6
7
8
9
10
11
12
13
17
18
19
20
21
22
23
24
Private financial sectors
Commercial banks
Bank affiliates
Savings and loan assns.
Other insurance companies
Finance companies
Reits
Mutual funds
-
8.4
3.5
4.9
-
*
2.3
2.6
1.7
.5
6.6
6.3
-. 1
19.9
16.3
3.6
-
3.2
22.5 14
2. 1 15
12.2 16
8.2
2.3
5.4
.1
.9
4.3
-2.2
-2.4
17
18
19
20
21
22
23
24
Total Credit Market Funds Raised, All Sectors, by Type
1 Total funds raised
2
Mutual fund shares
3
Other corporate eguities
4
5
6
7
8
9
10
11
12
137,553 137,546 118,334
1,575
802 2,610
-460 -6,289 -5,437
Debt instruments
136,438 143,033 121,161
U.S. Government securities 10,594 35,486 43,687
State + local obligations
9,482
8,766
8,159
Corporate + foreign bonds
10,252
3,933
9,530
35,963 30,809
22,356
Mortgages
Consumer credit
Bank loans n.e.c.
Open-mar-ket paper
Other loans
8,846
21,056
19,214
21,031
11,703
2 1 , 13«6
17,344
13,856
7,310
17,221
3,575
9,123
111/82 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION
91,907
125,289
149,491
4,543
2,525
6,122
-1,188
1,791
535
205.0
-. 1
13.8
248.4
-.2
10.4
233. 4
.9
4.8
224.0
-.3
10.9
296.0 1
-2.4 2
13. 1 3
88,552 120,973 142,834
43,170 26,367 76,040
7,005 15,016 16,022
4,423
6,480 14,482
19,586 21,048 24,188
191.3
23.6
14.7
20.3
76.8
238.2
28.3
14.7
14.6
79. I
227.7
31.9
16.5
24.9
63. 1
213.4
94.9
16.1
36.7
59.8
285.4 4
83.8 5
15.7 6
4 1.2 7
87. 1 8
24.3
48.8
8.3
20.2
9.9
41.3
17.7
22.5
-12-2
-1.2
9.8
-7,024
9,099
7,806
4,487
6,079
21,820
13,634
10,529
5,025
11,813
-7,5<68
2,832
19.8
26. 1
1.6
8.4
9.6
25.4 9
b.2 10
8.1 11
17.8 12
NOVEMBER 22, 1982
Funds Eai&ed in Credit Markets
Funds Raised in Credit Markets
Summary of Funds Raised in Credit Markets
SEASONALLY ADJUSTED ANNUAL RATES
1978
1979
SEASONALLY ADJUSTED ANNUAL RATES
1980
1981
|
II
1981
III
IV
1982
II
J
Credit Market Funds Rai&ed by Nonfinancial Sectors
1
2
334.3
33 1.2
401.7
402.3
3
4
5
56.8
57.6
-.9
53.7
55.1
-1.4
6
7
8
277.5
3. 1
274.4
348.0
-.6
348.7
9
10
11
263.6
2.7
260.9
12
13
14
15
16
17
18
19
169.8
21.9
21.0
126.9
94.3
7.1
18.4
7. 1
20
21
22
23
24
91. 1
40.2
26.7
2.9
21.3
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
263.6
15.4
137.3
110.9
12.3
28.3
70.4
67.6
2.7
13.9
.4
13.5
5.1
3. 1
2.4
3.0
397.1
382.2
406.9
418.4
79,2
79.8
-.6
364.7
-7. 1
371.7
314.8
--1
314.9
198.7
28.4
20. 1
150.2
112.1
380.8
40-6.8
370.6
393.5
361.8
367.9
399.5
394. 1
479.7
479.3
87.4
87.8
-.5
52.5
53.2
-.7
62.7
63.1
-.4
123.0
123.4
-.4
94.8
97.1
-2.3
101.4
180. 1
1.3
221.2 U.S. Government
219.2
Treasury issues
2.0
Agency issues and mortgages
317.9
15.0
303.0
319.6
-11.5
331.0
392.0
-2.6
318.1
-26.0
247.5
-22.9
267.0
-6.1
298.1
5.4
394.7
344.1
270.5
273.2
292.7
258.5 All other nonfinancial sectors
.4
Corporate equities
258.1
Debt instruments
343.6
-7.8
351.5
288.7
12.9
275.8
292.3
-11.5
303.7
356.3
-3.4
359.7
299.2
-24.6
323.8
226.7
-23.0
249.7
251.5
-5.3
256.8
281.6
5.0
276.6
257.2
216.0
29.8
22*5
163.7
120.1
204. 1
35.9
33.2
135. 1
96.7
8.8
20.2
9.3
175.0
32.9
23.9
118.3
78.6
4.6
25.3
9.8
200.3
34.2
24.5
141.6
96.9
5.7
29.4
9.5
15-6.9
26.3
19.5
111.1
72.5
4.1
23.7
10.8
150.0
35.0
26.4
88.6
51.6
4.2
22.6
10.2
V59.7
38.3
20.3
101.2
67.2
6.2
20.5
7.3
153.6
57.5
16.7
79.4
51.8
3.9
20.1
3.6
172.9
54.3
42.5
76.2
51.4
7.1
11.0
6.6
128.8
25.3
51.1
19.2
33.1
159.4
32.2
72.6
10. 1
44.5
166.8
34.2
66.0
32.9
33.8
99.6
8.3
43.2
22.3
25.9
97.1
6.6
69.9
12.2
8.4
123.0
25.4
86.6
-5.3
16.4
84.3
8.2
46.6
-.9
30.4
292.3
22.3
120.4
149.5
16.4
40.5
92.6
104. 1
-11.5
356.3
23. 1
147. 1
186. 1
20.5
46.5
119.1
122.5
-3.4
299.2
14.8
128.1
156.4
16.1
40.1
100.2
124.8
-24.6
226.7
24-3
71.7
130.7
9.6
38.5
82.5
105.5
-23.0
251.5
25.6
82.1
143.8
5.6
28.0
110.2
115.5
-5.3
281.6
46.9
97.2
137.4
11.3
32.8
93.3
88.3
5.0
257.2
39.2
81.6
136.5
12.5
25.9
98.0
98.0
-
By borrowing sector:
State+local governments
Households
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
Debt instruments
Equities
25
26
27
28
29
30
31
32
33
27.3
35.7
.8
35.0
5.3
6.5
19.2
3.9
15.5
-.9
16.4
3.0
-5.8
16.4
2.8
46.5
.4
16.1
1.4
4.7
6.3
3.7
1.3
.4
.9
11.8
-14.1
-1.1
4.2
Foreign
Corporate equities
Debt instruments
Bonds
Eank loans n.e.c.
Open-market paper
O.S. Government loans
34
35
36
37
38
39
40
37.4
38.8
-1.4
9.2
7.8
21.7
7.2
23.9
11.8
116.2
48.8
37.1
135.5
45.4
49.2
5.2
IK 1
29.7
71.7
4.9
35.4
6.6
24.9
343.6
20.2
176.5
146.9
21.4
34.4
91.2
99.0
-7.8
288.7
27.3
117.5
143.9
14.4
33.8
95.7
82.8
12.9
25.1
314.8
19. 1
169.3
126.3
14.6
32.4
79.3
79.4
-.1
33.2
-.5
33.8
4.2
19.1
6.6
3.9
Total funds raised
Jay nonfinancial sectors
Excluding equities
444. 5
447. 1
402.0
409. 1
21.0
.8
20.2
3.9
2.3
11.2
2.9
29.3
2. 1
27.2
.8
11.5
10. 1
4.7
*
27.3
5.5
3.7
13.9
4.3
18.9
-1.4
20.3
3.9
8.3
4.2
4.0
20.9
.1
20.8
11.3
-3.8
10. 1
3.2
257.2
Private domestic
Nonfinancial sectors
Corporate equities
Debt instruments
Debt capital instruments
St.*local obligations
Corporate bonds
Mortgages
Home mortgages
Multi-family resid.
Commercial
Farm
12
Other debt instruments
Consumer credit
Bank loans n.e.c.
Open-market paper
Other
20
21
22
23
24
42.4 M e m o : U . S . G o v t , c a s h b a l a n c e
42
43
333.2
55.7
398.0
49.9
401.4
36.8
401.0
83.0
407.0
87.4
447.3
55.2
C r e d i t Market .Funds Raised by F i n a n c i a l
1
52.2
77.5
83.9
68.5
39.3
2
3
4
5
21.9
36.7
23.1
13.6
47.3
24.3
23. 1
43.6
24.4
19.2
45. 1
30.1
15.0
7.0
16. 1
-1.2
6
7
8
9
10
11
12
13
30.3
14
15
16
52.2
17
18
19
20
21
22
23
24
30.3
I. 1
3.4
26.9
10. 1
3.1
-.3
9.6
4.3
5.8
16. 1
2.0
9.9
1.4
16.9
-1.9
.9
126.4
128.6
55.0
3 8.4
16.6
65.4
53.0
12.3
-
-
-
-
-
40.8
36.6
24.9
44.1
71.4
2.5
3.2
38.3
33.4
7.5
.9
2.8
-1.2
7.8
7.2
374.4
126.9
388.3
70.2
338.0
71.0
428.4
130.4
37.5
86.5
129.3
69.6
30. 1
13.5
16.6
45.3
70.4
33.8
36-7
67.4
19.0
48.4
-
-
-
-
-
41.2
17.9
23.3
-2.2
58.8
14.2
44.7
-5.1
2.2
-2.5
4. 1
-3.2
2.2
4.2
1.9
-.5
-2.9
-.8
9.0
14.6
12.5
18.0
-.9
-.4
4.8
7. 1
20.9
16.2
32.6
28.0
38.1
25.2
-4.0
9.2
77.5
23.1
13.6
83.9
24.3
23. 1
68.5
24.4
19.2
89.3
30.1
15.0
126.4
38.4
16.6
128.6
53.0
12.3
37.5
13.5
16.6
40.8
36.6
24.9
44.1
71.4
63.2
1.3
7.2
1.6
6.5
.4
8.3
7.3
1.0
4.5
14.3
11.4
.5
6.9
6.6
.8
.9
-.4
1. 1
13.1
1.1
18. 1
16.6
6.3
14. 1
-.9
-.1
-.3
-1.5
-.5
7.7
. 1
5.0
Total C r e d i t
1
2
3
386.5
479.2
.9
5.6
-.1
1.9
4
5
6
7
8
379.9
79. 9
21.9
36.1
129.9
9
10
11
12
40.2
29.5
15.0
27.4
485.9
. 1
-3.9
465.6
477.4
90.5
28.4
31.8
151.0
489.7
64.8
29.8
34.2
162.4
443. 5
122.9
35.9
41. 1
134.0
48.8
59.0
26.4
41.5
45.4
51.0
40. 3
41.8
46.5
21.6
36.6
BILLIGNS OF D O L L A R S .
111/82
5.0
17. 1
4.9
.4
14.5
28.4
1. 1
19.8
-1.0
8.2
Market F u n d s R a i s e d ,
1.2
.1
14.8
21.2
1. 1
21.9
2.9
.9
13.8
-5.2
14.0
-2.0
37.3
13.5
86.5
9. 1
36.2
129.3
33.8
36.7
41.2
.4
6.6
27.4
-25.2
8.7
3.4
2.2
-23-4
-16.2
.8
2.2
2.1
12.7
12.6
-15.7
-23.2
58.8
21.0
1.0
1.0
1.0
.1
-.5
8.7
-4.1
19.5
12.5
-.3
-.2
-.2
16.5
12.4
25.7
All S e c t o r s , by
408.0
8.2
4.2
8.7
-25.2
-21.7
448.3
16.5
-4.8
528.8
12.4
-1.8
499.1
132.6
32.9
28.5
1 15.2
564.5
107.6
34.2
29.9
139.0
530.3
128.2
26.3
20.1
107. 1
421. 1
153.2
35.0
41.8
85.3
436.6
140.2
38.3
21.0
104.0
509.2
172.0
57.5
13.0
80.2
521.4
288.7
54.3
63.0
79.4
34.2
76.3
75.2
62.9
8.3
6.6
38.8
28.4
30.2
77.8
23.4
25.2
25.4
89.3
38.3
33-7
34.7
-25.4
18-4
25.3
57.0
54.0
53.7
BASED ON I N C O M P L E T E
32.2
83.3
61.9
76.4
INFORMATION.
U.S. Government-related
S p o n s o r e d c r e d i t ag. s e c .
M o r t g a g e pool s e c u r i t i e s
L o a n s from U . S . G o v e r n m e n t
Private financial sectors
Corporate equities
Debt i n s t r u m e n t s
Corporate bonds
Mortgages
Bank l o a n s n . e . c .
O p e n - m a r k e t paper
l o a n s from F H L B ' s
agencies
Private financial sectors
Commercial banks
Bank a f f i l i a t e s
S a v i n g s and loan a s s n s .
Other insurance companies
Finance companies
Reits
Mutual funds
549.3 T o t a l f u n d s r a i s e d
Mutual fund s h a r e s
2 5.7
Other corporate equities
2. 1
7.7
570.9
1J6
17
18
19
41
42
43
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Type
-10.6
496.2
T o t a l f u n d s raised
by f i n a n c i a l s e c t o r s
69.6 T o t a l , by s e c t o r
Sponsored credit
19.0
Mortgage pools
48.4
-7.4
1. 1
-.1
4.2
509.4
9.1
36.2
7.3
9.9
62.4
. 1
-2.5
8.6
35.6
437.3 T o t a l f u n d s raised
By U . S . G o v e r n m e n t
178.8
13
14
15
Sectors
63.2
5. 1
58.1
-3.3
-3.9
17.7
7. 1
9
10
11
7.2
8.2
Debt i n s t r u m e n t s
U.S. G o v e r n m e n t s e c u r i t i e s
State • local o b l i g a t i o n s
C o r p o r a t e • foreign b o n d s
Mortgages
Consumer credit
Bank l o a n s n.e.c.
O p e n - m a r k e t paper
Other loans
1
2
3
4
5
6
7
8
9
10
11
12
NOVEMBER 22, 1982
Cxedit Market Supply
of
Credit Market Supply of Funds
Funds
Direct and Indirect Sources of Funds to Credit Markets
UNADJUSTED NET FLOWS ($ MILL)
UNADJUSTED NET FLOWS {$ MIJLLJ
1981
III
IV
Total funds advanced in credit markets
1
to nonfinancial sectors
104,252 111,560 110,576
By p u b l i c a g e n c i e s and
BILLIONS OF DOLLARS
1973
1974
1975
1982
II
|
190. 1
204.3
78,504
89,662 130,981
11,282
-5,865
10,273
29,679
2,318
12,581
3,236
11,544
35,414
11,062
17,128
-1,756
8,980
19.4
32.8
7.6
7.0
4.7
9.5
8.2
7.2
7.9
21.7
9.8
19.4
32.8
51.0
39.6
13.4
11.6
262.7
1
foreign
2 T o t a l n e t a d v a n c e s . Jay t y p e
3
O.S. Government securities
4
Besidential mortgages
5
FHLB advances to s+l's
6
Other loans and securities
24,231
384
5,213
6,920
1 1,714
23,322
-1,467
6,248
8,252
10,289
27,896
13,570
7,330
847
968
6,149
5,906
7 Totals advanced by sector
24,231 23,322 27,89.6
8
O.S. Government
7,354
4,824
4,262
9
Spons* credit ag.+mtg. pools 14,557 16,842
7,993
10
Monetary authority
1,591
4,280
7,552
729
11
Foreign
-2,624
8,089
Agency borrowing and pool security issues not included
12
in line 1
13,174 17,004
8,168
11,282
3,278
11,541
-5,371
1,83 4
29,679
6,214
16,803
5,827
35,414
5,413
15,743
9,149
5,109
10,422
16,984
17,786
76,967 113,353
24,049 64,978
15,016
16,022
905
10,491
914
1,795
39,319
18,311
3,236 - 1 , 7 5 6
155.3
16.0
14.7
13.1
48- 1
63.4
*
7.2
835
*
1.8
8.8
.3
8.4
51.0
9.4
13.2
6.7
39.6
18.0
15-8
-4.0
49.8
23. 1
12.3
-2.0
16.4
2
3
4
5
6
49.8
3.9
9.4
19. 1
24.2
9.2
.6
6.2
8.5
9.8
11.2
6. 1
15.2
7
8
9
10
11
181. 1
18.8
14.7
10.0
47.7
97.0
159.8
22.5
16.5
20.9
30.9
75.6
6.7
174.9
76.9
16. 1
32.8
26.2
18.9
-4.0
227.1
60. 7
15.7
30.5
55.4
62.9
-2.0
13
14
15
16
17
18
IS
123. 1
29.4
53. 1
40.6
190.9
59.6
70.2
49.7
11.4
20
21
22
23
24
7.9
16.8
Private domestic funds advanced
13 Total net advances
14
U.S. Government securities
15
State and local obligations
16
Corporate and foreign bonds
17
Besidential mortgages
18
Other mortgages and loans
19
Less: FHLB advances
93,195 105,242
10,210 36,953
9,482
8,766
7,081
3,065
20,227
16,881
53,115 47,829
6,920
8,252
'90,848
30,317
8,159
7,093
8,045
38,081
77,644
49,035
7,005
2,864
2,594
17,114
847
968
80,498
33,932
10,970
19,467
16,129
87,901
35,048
7,549
19,699
25,605
74,052
32,800
63
17,791
23,398
52,932
17,249
5,643
23,084
6,956
61,014
23,547
3,252
21,915
12,300
71,197
22,692
5,476
21,769
21,260
147.7
70.3
46. 1
16.9
14.3
161.9
84.6
34.7
23.7
18.9
126.3
66.8
23.9
29.8
5.7
*
80,498
34,009
19,012
87,901
52,431
14,469
74,052
80,556
2,417
52,932
29,740
-374
61,014
28,045
14,327
71,197
49,924
-5,933
147.7
102.2
16.6
161.9
97.2
24.3
126.3
67.6
16.9
123. 1
94.2
-1. 1
27,477
5,289
6,787
18,230
-2,829
21,001
8, 176
2,554
19,783
-9,512
-8,921
-17,185
-8,757
18,277
-1,256
23,566
-9,538
2,066
17,403
13,635
18,642
-4,908
-1,539
20,924
<J,165
27,206
-9,971
8,747
17,803
10,627
28.9
Private financial intermediation
20
21
22
23
24
Credit narket funds advanced
by private financial insts.
Commercial banking
Savings institutions
Insurance and pension funds
Other finance
25 Sources of funds
26
Private domestic dep. +
27
Credit market borrowing
28
29
30
31
32
Other sources
Foreign funds
'Treasury balances
Insurance and pension res.
Other, net
3.9
.7
1 1.8
12.5
190.9 25
124.4 26
8.4 27
40.4
3. 1
-1.0
18.4
19.9
41.8
10. 1
-5. 1
26.2
10.5
30.0
-8.7
-1.7
29.7
10.7
58.0
-4.7
-. 1
34.J
28.5
28
29
30
31
32
43.5
19.2
50. 4
19.4
50. 7
25.4
5.4
1.9
9.8
7.2
9.4
6.4
8.9
10.6
9.4
44.7
15.9
3.3
11.8
1.9
11.8
33
34
35
36
37
38
102.2
73.7
101.2
Private domestic nonfinancial investors
33 Direct lending in cr. markets
34
U.S. Government securities
35
State and local obligations
36
Corporate and foreign bonds
37
Cpen-narket paper
38
Other
31,709
12,049
6,154
-2,727
5,363
10,870
31,810
24,558
5,047
-4,674
-2,520
9,399
19,213
6,013
3,2.60
-88
2,024
8,004
24,338
18,045
4,563
-1,807
525
3,012
30,280
9,080
13,974
-8,051
8,900
6,377
36,223
23,669
9,085
2,113
-5,306
6,662
24.2
39 Deposits and currency
40
Currency
41
Checkable deposits
34,865
2,904
1,252
51,424
-208
-3,293
88,885 23,629
7,620 -4,074
28,337 -16,762
33,282
4,207
-1,526
48,822
698
-2,900
107.5
4.4
3.9
17-0
10.6
6.3
2.2
6.2
9.4
42
43
Small time + svgs. deposits
Money narket fund shares
1,823
14,964
9,819
34,332
22,291
21,070
26,845
9,396
12,677
10,289
17,539
21,627
69-0
37-8
34.5
97-3
-
-
2.4
1.3
44
45
46
Large time deposits
Security BP's
Foreign deposits
16,3.63
-393
-2,048
15,026
-3,453
-799
6,706
2,152
709
10,187
74
-2,037
6,177
428
1,030
11,758
1,900
-1,800
14.5
37.7
11.0
30.8
-2.2
-14.0
1.2
-.2
.8
- 1 2 . 0 44
2.3 45
1.7 46
16.9
89.4
26.8
79.0
21.3
19.4
70.4
-2-6
19.0 48
84.0 49
10.5 50
10.6 1
-2.4 2
13. 1 3
Total of credit marJcet instruments,deposits, and currency
66,574
83,234 108,098
47,967
63,562
85,045
48 Public holdings as % of total
49 Pvt. finan. intermediation (%)
50 Total foreign funds
23,242
86,375
6,0 18
20,905
83,522
5,552
14,371
68,172
-7,704
33,100
79,272
919
27,037
62,809
-4,862
47
25,227
81,511
-9,096
4.2
3.0
6.5
1.3
9.2
1.6
.9
11-6
95.1
12.3
3.7
5. 1
5.8
-1-3
-2
133.4 39
7.3 40
10.4 41
123.7 42
* 43
C o r p o r a t e E g u i t i e s Not I n c l u d e d Above
1 Total net issues
2
Mutual fund shares
3
Other equities
4 Acq. by financial institutions
5 Other net purchases
-5,487
802
-6,289
-2,827
2,610
-5,437
3,355
4,543
-1,188
4,316
2,525
1,791
6,657
6,122
535
13.7
-. 1
13.8
5.7
.9
4.8
10.6
10.4
6,753
6,834
-5,638 -12,321
4,625
-7,452
3,355
5,919
-1,603
8,854
-2,197
16.4
-2.7
13. 2
-3.0
5.8
-. 1
9.8
.8
1,115
1,575
-460
111/82 BASED ON PBELIMiNARY AND INCOMPLETE INFORMATION
10.2
-.2
-.3
10.9
12.5
-1.9
4
5
NOVEMBER 2 2 , 1982
C r e d i t Market Supply of Funds
Credit
Market
Supply o f F u n d s
5
Direct and I n d i r e c t S o u r c e s of F u n d s t o C r e d i t
SEASONALLY
1977
ADJUSTED
ANNUAL
1978
Markets
BATES
SEASONALLY
1979
1980
1981
III
382.2
406.8
393.5
97.0
37.3
27.2
1.2
31.3
1
331.2
402.3
409.1
2
3
4
5
6
79.2
34.S
20.0
4.3
20.1
101.9
36.1
25.7
12.5
27.6
74.6
-6.3
35.8
9.2
35.9
95.8
15.7
31.7
7. 1
41.3
55.9
17.2
23.4
16.2
39.1
98.5
6.5
25.0
28.0
39.1
89.3
-.3
23.8
25.2
40.6
7
8
9
10
11
79.2
10.0
22.4
7.1
39.6
101.9
17.1
39.9
7.0
38.0
74.6
19.0
52.4
7.7
-4.6
9 5.8
23.7
44.4
4.5
23.2
95.9
24.2
46.0
9.2
16.6
98.5
25.3
58.6
-5.5
20.2
89.3
20.5
64.6
17.7
-13.4
13
14
15
16
17
18
19
273.9
45.1
21.9
22.2
81.4
107.6
4.3
337.1
54.3
28.4
22.4
95.5
149.1
12.5
381.8
91.1
29.8
23.7
92.0
154.3
9.2
403.6
101. 1
34.2
21.7
77.6
197.0
28.0
382.8
128.5
26.3
13.7
52.6
186.9
25.2
IV
ADJUSTED A N N U A L
BATES
1982
II
{
T o t a l f u n d s advanced in credit M a r k e t s
394.1
479.3
to n o n f i n a n c i a l s e c t o r s
By p u b l i c a g e n c i e s and f o r e i g n
65.9
-13.2
40.1
14.0
25.0
117.8
11.5
54.7
13.5
38.0
139.4 Total net a d v a n c e s , by t y p e
53.1
O . S . Government securities
67.4
Besidential mortgages
-16.2
FHLB a d v a n c e s to s*l's
35.0
Other l o a n s and s e c u r i t i e s
97.0
65.9
117.8
139.4 T o t a l s advanced by s e c t o r
21.8
10.3
20.6
23.4
O.S. Government
30.9
50.5
67.6
58.8
Spons. credit ag.+mtg. pools
-7.6
26.5
-5.5
38.4
Monetary authority
18.8
Foreign
10.6
37.2
17.8
A g e n c y b o r r o w i n g and pool security i s s u e s not i n c l u d e d
30.1
45.3
70.4
67.4
in line 1
Private
329.9
107.2
35.9
25.8
73.7
94.4
7. 1
367.6
115.4
32.9
20.6
59.7
155.3
16.2
326.6
116.0
35.0
31.7
28.5
116.7
1.2
347.3
153.4
38.3
13.5
33.1
123.0
14.0
346.7
160.5
57.5
-4.5
.8
146.0
13.5
domestic f u n d s
advanced
13
14
15
16
17
18
19
407.2 Total net advances
235.5
U.S. Government securities
54.3
State and l o c a l o b l i g a t i o n s
43.8
C o r p o r a t e and f o r e i g n b o n d s
-9.0
Besidential m o r t g a g e s
66.4
Other m o r t g a g e s and l o a n s
-16.2
Less: FHLB advances
Private financial
intermediation
Credit market f u n d s a d v a n c e d
by p r i v a t e f i n a n c i a l i n s t s .
C o m m e r c i a l banking
Savings i n s t i t u t i o n s
I n s u r a n c e and p e n s i o n f u n d s
Other f i n a n c e
20
21
22
23
24
261.7
87.6
81.6
69.0
23.5
302.9
128.7
73.6
75.0
25.6
292.2
121. 1
55.5
66.4
49.2
257.9
99.7
54.1
74.4
29.8
301.3
103.5
24.6
75.8
97.4
311.8
131.7
43.3
83.9
52.8
318.0
110.5
16.6
71.7
119.2
234.6
87.9
-6.0
80.0
72.7
322.3
150.6
46.1
83.7
42.0
240.2
94. 1
14.4
94.3
37.5
244.2
5-4.5
6.5
79.5
103.7
25
26
27
261.7
138.9
26.9
302.9
141.1
38.3
292.2
142.5
33.4
257.9
167.8
17.7
301.3
211.2
35.6
311.8
154.2
62.4
318.0
216.4
58.1
234.6
204.2
-2.5
322.3
221.6
23.3
240.2
133.3
44.7
25
244.2 Sources o f f u n d s
Private d o m e s t i c d e p . • H P ' s 26
203.3
27
-25.2
Credit market b o r r o w i n g
28
29
30
31
32
96.0
1.2
4.3
51.4
39.1
123.5
6.3
6.8
62.2
48.3
116.4
25.6
.4
49. 1
41.3
72.4
-23.0
-2.6
65.4
32.6
54.6
-8.8
-1.1
70.8
-6.4
95.2
24.0
2.9
75.6
-7.3
43.5
11.9
-1.2
77.3
-44.5
32.9
-45.6
-15.2
74.0
19.8
77.4
-46.0
24.5
68.0
30.8
62.2
-16.3
-32.7
86.7
24.5
66.1
-61.7
22.8
69.0
36.0
33
34
35
36
37
38
39.0
24.6
-.8
-5. 1
9.6
10.7
72.5
36.3
3.6
-2.9
15.6
19.9
122.9
61.4
9.4
10.2
12. 1
29.8
89.7
38.3
12.6
9.3
-3.4
32.9
101.9
50.4
20.3
-7.9
3.5
35.6
154.2
90. 1
20.8
-16.7
13.8
46.2
123.0
85.5
17.7
-17.5
1.9
35.4
89.5
30.0
17.8
4.3
14.8
22.5
48.3
27.5
18.9
-6.4
-11.7
20.0
151.2
82.2
52.5
-39.5
27.5
28.5
137.8 Direct l e n d i n g in c r . m a r k e t s
78.3
U . S . Government securities
33.7
State a n d local o b l i g a t i o n s
9.9
C o r p o r a t e and f o r e i g n bonds
-9.7
Open-market paper
25.6
Other
33
34
35
3<fi
37
38
39
40
41
148.5
8.3
17.2
152.3
9.3
16.3
151.9
7.9
19.2
179.2
10.3
4.2
221.0
9.5
18.3
153.2
7.1
-12.4
217.5
4.4
-11.0
229.2
22.1
31. 1
205.3
-8.2
35.5
149.7
12.2
-21.7
204.6 D e p o s i t s and currency
8.5
Currency
-14.3
Checkable deposits
39
40
41
42
43
93.5
.2
63.7
6.9
61.0
34.4
79.5
29.2
46.6
107.5
17.9
59.9
49.6
137.3
83.0
84.3
96.3
37.6
61.3
41.2
82.6
86.5
Small t i m e + s v g s . d e p o s i t s
Money m a r k e t fund s n a r e s
42
43
44
45
46
25.8
2.2
1.3
46.6
7.5
2.0
21.2
6.6
1.5
48.3
6.5
1. 1
36.3
2.5
.3
90.4
-1.6
-8.2
54.2
-13.8
-3.2
-2.7
8.6
51.9
.3
-8.1
50.8
1.7
4. 1
40.9
7.6
-7.2
Large t i m e d e p o s i t s
Security BP«s
Foreign deposits
44
45
46
187.5
224.9
274.8
269.0
322.8
307.3
340.5
318.7
253.6
300.9
T o t a l o f c r e d i t market i n s t r u 342.4
m e n t s , d e p o s i t s , and c u r r e n c y
47
23.9
95.6
40.8
25.3
89.9
44.3
18.2
76.5
21.0
22.9
82.0
7.8
22.0
77.3
44.2
22.0
83.1
-1.5
24.6
71.8
-27.8
17.9
92.8
-35.4
29.9
69.3
21.0
29.1 P u b l i c h o l d i n g s as % of t o t a l
6 0 . 0 P v t . f i n a n . i n t e r m e d i a t i o n (%)
- 4 2 . 8 T o t a l f o r e i g n funds
48
43
50
Corporate E q u i t i e s
Not I n c l u d e d
22. 1
5.0
17. 1
-2.9
7.7
-10.6
6.4
8.2
-1.8
-20.9
4.2
-25.2
-13. 1
8.7
-21.7
11.8
16.5
-4.8
19.6
12.-4
7.2
14.6
7.5
22.9
-25.8
24.6
-18.2
29.4
-50.4
11.7
-24.7
20.3
-8.5
21. 1
-1.6
1
2
3
6.5
.9
5.6
1.9
-.1
1.9
-3.8
.1
-3.9
4
5
7.4
-.8
4.6
-2.7
10.4
-14.2
BILLIONS OF DOLLARS.
25. 1
78.2
.2
111/82
28
29
30
31
32
Other s o u r c e s
F o r e i g n funds
Treasury balances
I n s u r a n c e and p e n s i o n r e s .
O t h e r # net
Private domestic
48
49
50
20
21
22
23
24
nonfinancial
investors
Above
27.9 Total net i s s u e s
25.7
Mutual fund s h a r e s
2.1
Other e g u i t i e s
38.4
-10.5
Acg. by f i n a n c i a l i n s t i t u t i o n s
Other n e t p u r c h a s e s
1
2
3
4
5
BASED ON INCOMPLETE INFORMATION.
Line
Excludes investment of these reserves in corporate
equities.
1.
Page 2, line 2
6.
Includes farm and commercial mortgages.
12.
13.
18.
Mainly retained earnings and net miscellaneous liabilities
Credit market funds raised by Federally sponsored c r e d i t agencies + federally
r e l a t e d mortgage pool s e c u r i t i e s .
27 plus line 33. Also
Line 1 less line 2 plus line 12. Also line 20 less lii
Line 13 less line 20 plus line 27.
sum of l i n e s 28 and 47 less l i n e s 40 and 46.
Lines 14-18 less amounts acquired by private finance plus
amounts borrowed by private finance. Line 38 includes
mortgages.
Includes farm and commercial mortgages.
Lines 33 + 39.
34-38
Line 39 less line 40 and 46
Excludes equity issues and investment company shares.
Includes line 19.
Foreign deposits at commercial banks, bank borrowings from foreign branches,
and l i a b i l i t i e s of foreign banking offices
on foreign a f f i l i a t e s
to foreign a f f i l i a t e s ,
and deposits by banking foreign banks.
Demand deposits and note balances at commercial banks.
Also line 13 less line 28 plus lines 40
and 46.
net of claims
Line 20/line 13.
50
Line 11 plus line 29.
Corporate Equities
Line
1 and 3. Includes issues by financial institutions.
NOVEMBER 2 2 ,
Households
Households
Sector Statements of Saving and Investment
UNADJUSTED NET FLOWS
ONADJOSTED NET FLOWS
($ Hill)
198 1
III
IV
I
|
I
1982
II
II
III
1972
($ MILL)
BILLIONS OF DOLLARS
1973
1974
1975
Households, Personal Trusts, and Nonprofit Organizations
586,955 618,119 657,406 597,503 629,302 652,935
107,426 100,629 94,452 90,037 110,935
99,367
951.4
141.0
1065.2
150.7
475,529 517,490 562,954 507,466 518,367 553,568
Disposable personal income
Personal outlays
465,430 479,381 509,937 474,378 497,753 509,446
Personal saving, NIA basis
14,099 38,109
53,017 33,088 20,614
44,122
Credits from govt, insurance 1 0 , 3 8 4
17,987
6,388
4,370
9,639
18,374
Capital gains dividends
195
377
896
1,383
180
400
Net durables in consumption
8,962 10,036 14,162
2,071
8,872
8,253
810.4
757.7
52.6
11.6
1.4
34.6
914.5
835.5
79.0
11.8
.9
40.4
33,640 66,509 74,463 40,912 39,305
71,149
62,734 63,793 64,557 65,Q83 65,374 66,018
96,374 130,302 139,020 105,995 104,679 137,167
100.3
94.3
194.6
106,824 154,744 143,419 145,165 116,620 162,974
12 Gross investment
,292 84,796 90,786
75,703 77,687 81,624
13
Capital expend, net of sales
14
Residential construction
20,205 22,794 24,078 20,684 15,64 8 19,713
15
Consumer durable goods
57,775 59,640 64,326 52,621 59,631
59,485
16
Nonprofit plant and eguip.
2,312
2,362
2,382
2,398
2,408
2,426
17 Net financial investment
18
Net a eg. of financial assets
1 Personal income
2 - Personal taxes and nontaxes
3
4
5
6
7
8
=
=
•
+
+
9 = Net saving
10 + Capital consumption
11 = Gross saving
Dep. • cr. mkt. instr. (1)
26,532
63,738
69,948
106,278
52,633
81,960
56,678
84,869
69,462
75,644
38,933
60,267
1168.6
170.2
1265.0
168.9
1391.2
196.8
1
2
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
3
4
5
6
7
8
132.1
103.3
235.4
126.6
116.7
243.3
136.1
132.2
268.3
140.6 9
145.9 10
286.4 11
203.6
159.4
42.8
111.1
5.4
234.9
176.8
48. 1
123.3
5.4
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
81,350
106,870
44.2
114.8
58.1
132.5
73.2
127.0
102.1
156.7
87.9 17
183.9 18
12
13
14
15
16
68,792
62,637
44,414
76,272
102.0
115.5
107.7
127.2
151.0 19
20
21
22
23
24
Deposits
Checkable dep. • curr.
Small time + svgs. dep.
Large time deposits
Honey market fund shrs
33,764 61,423
-435
7,355
1,4 13 10,269
17,822
9,467
14,964 34,332
56,365
14,514
22,126
-1,345
21,070
38,466
-2,011
26,860
4,221
9,396
30,221
-1,691
12,662
8,961
10,289
50,553
6,976
17,432
4,518
21,627
88.0
13.6
69.0
5.3
77.5
13.9
37.8
25.8
-
-
65.7
7.6
34.5
21.3
2.4
91.5
6.9
96.4
-13.0
1.3
123.2
15.7
118-5
-11.0
*
20
21
22
23
24
25
26
27
28
29
30
Credit mkt. instruments
O.S. Govt, securities
St.+local obligations
Corporate + fgn. bonds
Mortgages
Open-market paper
22,914
7,137
6,228
-2,727
7,402
4,874
12,427
3,596
3,429
-88
3,924
1,566
24,171
17,873
4,535
-1,807
4,586
-1,016
14,193
-1,474
14,287
-8,051
4,567
4,864
25,719
14,446
9,189
2,113
5,092
-5,121
14.0
-4
2.3
6.5
6.4
-1.7
37.9
18.9
5.3
1.9
2.7
9.1
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
25
26
27
28
29
30
1,575
802
2,610
-10,182 -13,799 •10,504
4,543
-5,477
2,525
-5,123
6,122
-8,302
-. 1
-5.1
-.2
-5.5
.9
-1.6
-.3
-3.5
-2.4 31
-2.2 32
7.6
25.4
6.7
29.6
8.7
34.9
8.4 33
44.0 34
-12.8
-.2
2.8
-18.0
-1.0
2.7
-14.5
.6
3.8
-21.8 35
1.5 36
5.5 37
23,446
21,137
5,023
-4,674
6,372
-4,412
31
32
Mutual fund shares
Other corporate equities
33
34
Life insurance reserves
Pension fund reserves
2,250
22,055
2,422
33,119
3,066
18,805
2,648
15,455
2,761
23,40 1
2,674
31,482
6.9
22.6
35
36
37
Net inv. in noncorp. bus. -10,211
Security credit
409
Miscellaneous assets
1,164
-3,027
774
1,118
-3,464
1,449
1,206
- 6 , 1 8 4 -10,338
592
1,017
1,430
1,610
-5,991
2,747
1,866
-14.3
. 1
2.7
37,206
34,551
20,952
561
7,721
1,125
2,050
2,142
36,330
36,915
21,281
553
9,395
2,308
35
3,343
29,327
27,317
17,095
489
5,188
2,122
-37
2,460
6,182
9,075
16,166
429
-6,244
-780
-2,441
1,945
21,334
20,567
8,443
375
4,720
1,359
34386
2,284
25,520
25,337
14,815
313
4,097
928
2,804
2,380
70.6
64.9
41.4
1.3
14.9
4.9
1.1
1.3
1,533
668
454
-1,741
685
47 1
881
675
454
-4,012
672
447
-358
675
450
-924
669
438
38
39
40
41
42
43
44
45
46
47
48
Net increase in liabilities
Credit market instruments
Home mortgages
Other mortgages
Installment cons, credit
Other consumer credit
Bank loans n.e.c.
Other loans
Security credit
Trade debt
Miscellaneous
49 D i s c r e p a n c y
74.4
77.7
46.5
1. 1
20.2
4. 1
3.4
2.4
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
4.5
.7
.5
-4.3
.6
.4
-1.8
1.0
.7
.7
1. 1
.7
96.0
89.5
61.4
.8
21.5
3.9
*
1.8
38
39
40
41
42
43
44
45
4.8 46
1.2 47
.6 48
-10,450 -24,442
-4,399 -39,170 -11,941 -25,807
20,205 22,794
1,315
1,255
18,890 21,539
11,988 12,223
20,952 21,281
-12,735 -10,710
24,078
1,110
22,968
12,399
17,095
-5,416
20,684
1,281
19,403
12,522
16,166
-8,004
15,648
1,374
14,274
12,594
8,443
-5,389
19,713
1,325
18,388
12,743
14,815
-7,845
42.8
3.8
39.0
14.8
41.4
-13.4
48. 1
4.2
43.9
17.1
46.5
-15.5
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
111. 1
76.5
34.6
123.3
82.9
40.4
121.5
93.1
28.4
132.2
105.7
26.5
156.8 56
116.9 57
40.0 58
24.3
16.2
9.9
18.5
9.6
16.9
25.4 59
14.5 60
(1) E x c l u d e s c o r p o r a t e e g u i t i e s .
Memoranda:
50
51
52
53
54
55
Net physical investment:
(A) Residential construction
Expenditures
Mobile homes
Other
- Capital consumption
- Home mortgages
= Excess net investment
56
57
58
(B) Consumer durables
Expenditures
- Capital consumption
= Net investment
57,775
48,813
8,962
59,640
49,604
10,036
64,326
50,164
14,162
52,621
50,550
2,071
59,631
50,759
8,872
59,485
51,232
8,253
59
60
- Consumer credit
= Excess net investment
8,846
116
11,703
-1,667
7,310
6,852
-7,024
9,095
6,079
2,793
5,025
3,228
19.8
14.7
61
62
63
64
(C) Nonprofit plant and equip.
Expenditures
- Capital consumption
- Nonprofit mortgages
= Excess net investment
2,312
1,933
56 1
-182
2,362
1,966
553
-157
2,382
1,994
489
-101
2,398
2,011
429
-42
2,408
2,021
375
12
2,426
2,043
313
70
5.4
2.9
1.3
1.2
5.4
3.3
1. 1
1. 1
5.4
3.9
1.1
.4
5.2
4.4
1.0
-.2
18,302
2,940
16,279
7,364
14,367
9,417
15,068
6,520
17,628
3,976
15,218
7,970
14.8
6.5
14. 1
8.6
14.6
8.5
13.4
8.6
19. 1
14.3
8.0
8.4
17.0
12.6
5.3
5.3
16.5
14. 1
4.9
4.7
5.7
4.5
.8
.4
50
51
52
53
54
55
61
62
63
64
Per cent ratios:
65 Effective tax rate
66 Saving rate, NIA basis
14. 1 65
6.9 66
Per cent of disposable income a d j . ( 2 ) :
67 G r o s s saving
19,663
24,316
24,379
20,652
19,818
23,965
68
69
70
71
16,382
13,004
7,591
7,049
15,824
19,833
6,779
6,888
15,920
14,372
5,142
4,790
14,750
14,739
1,204
1,768
14,708
11,410
4,039
3,893
14,261
18,672
4,458
4,426
19.4
13.9
8.6
7.9
72 (2) Disposable income adj.
490,108 535,854 570,238 513,219 528,186 572,342
(NIA disposable income • govt, insurance credits • capital gains divid.)
23.4
Capital expenditures
Acguisition of finan. assets
Net increase in liabilities
Credit market borrowing
111/82 BASED ON PRELIMINARY AND INCOMPLETE
INFORMATION
23.6 67
927.2
1011.4
1111.4
18.4
15.2
7.9
7.4
68
69
70
71
1212.5 72
NOVEMBER 22, 1982
Households
Households
Sector Statements of Saving and Investment
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL RATES
1
1977
1978
1979
1980
1981
1
II
1981
III
1
IV
1
I
1982
II
III
Households, Personal Trusts, and Nonprofit Organizations
1
2
1540.4
226.4
1732.7
258.7
195T.2
301.0
2160.4
336.3
2415.9
3 86,7
2380.6
384.2
2458.2 2494.6
398. 1 393.2
2510.5
393.4
2552.7
401.2
2596.0 Personal income
394.3 - Personal taxes and nontazes
3
4
5
6
7
8
1314.0
1236.0
78.0
22.5
.6
49.6
1474.0
1384.6
89.4
27.9
.7
56.7
1650.2
1553.5
96.7
24.4
.9
52.5
1824.1
1717.9
106.2
35.3
1.8
32.4
2029*2
1898.9
130.2
37.5
2.7
38.2
1996.5
1874.5
122.0
45.3
1.8
35.2
2060.0
1925.7
134.4
45.5
2.3
42.8
2101.4
1942-7
158.6
32.2
2.9
29-0
2117.1
1977.9
139.1
34.9
4.2
35.7
2151.5
2007.2
144.3
43.2
1.9
37.7
2201.7 =
2047.3 154.4 =
44. 1 *
2.5 +
35.2 •
9
10
11
150.8
162.0
312.8
174.7
182.5
357.2
174.5
206.4
380.9
175.7
233. 1
408.9
208.6
252.5
461.0
204.3
250.9
455.2
225.0
255.2
480.2
222.8
258.2
481.0
213.9
260.3
474.2
227.2
261.5
488.6
236.1 = Net saving
264. 1 • Capital consumption
500.2 = Gross saving
9
10
11
12
13
14
15
16
329.5
265.0
80.9
178.2
5.9
382.9
304.3
97-5
200.2
6.6
414.3
327.7
107.0
213.4
7.3
483.6
315.3
92.8
214.3
8.2
535.5
336.0
92. 1
234.6
9.3
507.8
336.0
96.3
230.4
9.2
575.5
342.0
91.3
241.2
9.4
557.4
324.5
85.3
229.6
9.5
560.9
324.7
77-2
237.9
9.6
551.8
330.3
80.0
240.7
9.6
600. 1 Gross investment
330.3
Capital expend, net of sales
80.5
Residential construction
240.1
Consumer durable goods
9.7
Nonprofit plant and equip.
12
13
14
15
16
17
18
64.5
205.2
78.6
251.8
86.6
265.0
168.2
297.6
199.5
324.5
171.8
32S.5
233.5
359.2
232.9
312.6
236.2
306.8
221.5
321.8
17
269.8 Net financial investment
352.1
Net acq. of financial assets 18
1
2
3
Disposable personal income
Personal outlays
4
Personal saving, NIA basis
5
Credits from govt, insurance 6
7
Capital gains dividends
Net durables in consumption
8
19
159.0
190.0
229.2
230.9
273.0
276.9
314.9
255.8
241.9
231.5
275-3
20
21
22
23
24
127.7
20.0
95.1
12.5
.2
129.8
22.5
63.9
36.4
6.9
135.2
22.3
61.6
16.9
34.4
161.2
6.4
79.9
45.7
29.2
198.8
25.7
46.5
19.1
107.5
152.3
-.4
16.3
76.6
59.9
227.4
5.8
51.4
32.9
137.3
187.0
42.6
82.3
-22.2
84.3
201.6
32.7
96.4
35.0
37.6
139.5
-4.0
61.2
41.1
41.2
182-8
1.6
82.2
12.6
86.5
Deposits
Checkable dep. + cuxr.
Small time + svgs.dep.
large tine deposits
Honey market fund shrs
20
21
22
23
24
25
26
27
28
29
30
31.3
19.7
-1.5
-5. 1
8.4
9.8
60.3
29.5
4.1
-2.9
14.2
15.4
94.0
45.7
9.8
10.2
20.1
8.2
69.7
28.3
12.2
9.3
22.2
-2.2
74.2
36.8
20.4
-7.9
23.4
1.4
124.6
82.1
21. 1
-16.7
28.8
9.3
87.5
66.1
17.6
-17.5
25.8
-4.4
68.8
18.5
18.5
4.3
16.9
10.5
40.2
23.8
18.8
-6.4
17.5
-13.5
92.0
51.4
53.8
-39.5
17.6
8-8
92.5
34.8
34.1
9.9
20.6
-6.9
Credit mkt. instruments
U.S. Govt, securities
St.+local obligations
Corporate + fgn. bands
Bortgages
Open-market paper
25
26
27
28
29
30
31
32
.9
-4.4
-.1
-5.1
. 1
-16.0
5.0
-2.9
7.7
-39.2
8.2
-37.2
4.2
-59.2
8.7
-35.5
16.5
-27.5
12.4
-16.8
25.7
-38.3
33
34
11.5
55.9
12.0
61.8
12.5
55.6
11.5
78.2
10.3
88.4
9.0
94.5
9.7
103.6
12.3
81.3
10.6
80.0
11.0
101.0
10.7
93.7
35
36
37
-23.7
-1.0
6.9
-16.1
2.6
6.6
-24.2
.6
7.2
-34.8
4.1
5.6
-24.0
3.6
4.8
-28.2
1.6
4.7
-21.5
3.1
4.5
-20.6
5.8
4.8
-22.8
2.4
5.7
-28.0
4.1
6.4
38
39
40
41
42
43
44
45
140-6
137.3
91. 1
1.1
37.0
3.2
2.5
2.3
173.2
169.3
11 1.3
1.3
43. 1
5.7
4.1
3.8
178.3
176.5
121.3
1.5
38.4
7.1
1.9
6.4
129.4
117.5
98.3
1.8
1.4
3.4
3.6
8.9
125.0
120.4
61.4
2.1
19.9
5.4
.8
10.8
157.7
147. 1
99.5
2.2
24.2
8.0
4.6
8.6
125.7
128.1
77.8
2.2
26.8
7.4
.5
13.4
79.7
71.7
56.8
2.0
5.6
2.7
-5.3
9.8
70.6
82.1
66.8
1.7
6.0
.6
-.7
7.8
1.3
1.5
1. 1
-1.2
1.7
1.3
8.5
2.2
1.2
6. 1
2.7
1.8
-7.0
2.7
1.9
3.5
2.7
1.8
-16.0
2.7
1,8
-95.3
-76.4
46
47
48
1.3
1.2
.9
-16.7
. 1
2.7
1.8
-25.7
-52.6
Dep. • cr. mkt. instr. ,{1) 15
Mutual fund shares
Other corporate equities
31
32
Life insurance reserves
Pension fund reserves
33
34
11.0
7.5
Net inv. in noncorp. bus.
Security credit
Miscellaneous assets
35
36
37
100.3
97.2
51.8
1.5
15.7
9.7
9.5
9.1
82.3
81.6
51. 1
1.3
5.6
2.6
11.5
9.5
Net increase in liabilities
Credit market instruments
Home mortgages
Cther mortgages
Installment cons, credit
Cther consumer credit
Bank loans n.e.c.
Cther loans
38
35
40
41
42
43
44
45
-1.4
2.7
1.8
-3.7
2.7
1.8
'33.S
Security credit
Trade debt
Miscellaneous
-99.9 Discrepancy
46
47
48
49
(1) Excludes corporate equities.
Memoranda:
50
51
52
53
54
55
80.9
3.9
77.0
28.6
91. 1
-38.8
97.5
4.5
92.9
33.5
11 1.3
-47.4
107.0
5.0
102.0
39.1
121.3
-53.4
92.8
4.3
88.4
44. 1
98.3
-49.6
92- 1
4.9
87.2
48.3
81.4
-37.6
96.3
5.3
91.0
48.0
99.5
-51. 1
91.3
5.0
86.3
4 8.9
77.8
-35.4
85.3
4.4
80.9
49.6
56.8
-21.1
77.2
5.1
72. 1
50.1
66.8
-39.6
80.0
5.5
74.5
50.4
51.8
-22.2
Net physical investment:
(A) Residential construction
80.5
Expenditures
5.3
Mobile homes
75-2
Other
51.0
- Capital consumption
51. 1
- Home mortgages
-21.6
= Excess net investment
50
51
52
53
54
55
56
57
58
178.2
128.6
49.6
200.2
143.5
56.7
213.4
160.9
52.5
214.3
181.9
32.4
234.6
196.4
38-2
230.4
195.3
35.2
241.2
198.4
42.8
229.6
200.7
29-0
237.9
202.2
35.7
240.7
203.0
37.7
(B) Consumer durables
240.1
Expenditures
204.9
- Capital consumption
35.2
= Net investment
56
57
58
59
60
40.2
9.4
48.8
7.9
45.4
7. 1
4.9
27.6
25.3
12.9
32.2
3.0
34.2
8.6
8.3
20.7
6.6
29.0
25.4
12.3
6.6
5.5
1.3
-.1
7.3
6.3
1.5
-.6
8.2
7.2
1.8
-.8
9.3
7.8
2.1
-.6
9.2
7.7
2.2
-.7
9.4
7.9
2.2
-.6
9.5
8.0
2.0
-.4
9.6
8.0
1.7
-.2
9.6
8.1
1.5
14.9
6.1
15.4
5.9
15.6
5.8
16.0
6.4
16. 1
6. 1
16.2
6.5
15.8
7.5
15.7
6.6
15.7
6-7
61
62
63
64
5.9
4.8
1. 1
*
*
- Consumer credit
= Excess net investment
59
60
(C) Nonprofit plant and eguip.
9.7
Expenditures
8.2
- Capital consumption
1.3
- Nonprofit mortgages
.3
= Excess net investment
61
62
63
64
8.2
27.0
Per cent ratios:
b5
66
14.7
5.9
15.2 Effective tax rate
7.0 Saving rate, NIA basis
65
66
Per cent of disposable income adj. (2) :
68
69
70
71
19.8
15.3
10.5
10.3
72
1337.2
20.3
16.8
1 1.5
11.3
1502-6
BILLIONS Of DOLLARS.
19.6
15.8
10.6
10.5
16.9
16.0
7.0
6.3
16.2
15.7
6.0
5.8
1675.5
1861-1
2069-3
16.4
16.1
7.7
7.2
16.2
17.0
6.0
6.1
15.2
14.6
3.7
3.4
15. 1
14.2
3.3
3.8
22.2
22.2 Gross saving
67
15-0
14.6
4.6
4.4
14.7
15.7
3-7
3.6
68
69
70
71
Capital expenditures
Acquisition of finan. assets
Net increase in liabilities
Credit market borrowing
2043.6
2107.8 2136.5 2156.1
2196.6
2 2 4 8 . 3 (2) D i s p o s a b l e income a d j .
72
{NIA d i s p o s a b l e income • g o v t , i n s u r a n c e c r e d i t s + c a p i t a l g a i n s d i v i d . )
1 1 1 / 8 2 BASED ON INCOMPLETE INFORUATICN.
NOVEMBER 22, 1982
Total and Noncorporate
Total and Noncorporate
Business
Business
S e c t o r S t a t e m e n t s of Saving a n d I n v e s t m e n t
UNADJUSTED
NET FLOWS
BNADJBSTED
($ MILL)
1981
III
I
1382
II
II
III
Nonfinancial
1 I n c o m e -before t a x e s
2 Gross
saving
3 Gross
investment
1
2
72/814
69,509
106.6
117.4
115.3
148.1
162.5
3
92,319
92,763
83,126
5,944
3,693
88,914
84,415
77,437
3,708
3,270
3,696
803
141. 1
130.0
109.4
2.2
18.4
10.2
.9
171.7
150.1
130.4
-.4
20.0
18.5
3.2
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
4
187.8
172.0
5
161. 1 6
7
4.2
6.6
8
11.8
9
4.0 10
-19,505 •19,405
3,392 23,968
7,500 22,897 43,373
-1,322
1,250
31,699 43,953 31,895
14,397
7,978
9,363
2,987 11,557
8,136
1 4,126 17,318
9,738
5,715
-376
6,608
-34.6
52-5
87.1
10.9
66.7
12.7
32.5
15.3
6.0
-54.4
73.7
128. 1
7.9
88.5
11.0
32.8
33.6
11. 1
-61.5
54.5
116.0
4. 1
93.9
21.3
25.4
31.0
16.2
-.9
44.3
45.2
9.9
41.7
29.8
16.0
-9.3
5.2
22.9
^13.4
39.4
-7.7
30.1
-12.2
7.9
-14.3
6.8
.6
6.2
6.7
.3
7.4
.7
6.7
7.7
-.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
6.7
8.3
6.9
.7
.6
7.7
13.2
9.2
.7
3.2
8.4
10.2
10.7
1.3
-1.8
10.2
17.3
12.8
1.0
3.5
11.1
7
12.9
8
13.8 9
1. 1 10
-2.0 11
-5.5
.8
.2
.6
.5
.2
-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
53,205
62,464
87,168
86,095
85,707
-2,857
3,245
-809
1,882
70,578
77,168
78,854
-5,479
-32,495 •33,963
12,226
9,384
44,721
43,347
-6,150 -5,750
42,720 36,288
7,317
8,786
9,936
5,592
16,737 16,212
8,730
5,698
-8,114
-614
9,650
Discrepancy
241.4
171.5
98,690
85,267
79,939
1,761
3,567
9,649
3,774
6,357
22
208.9
154. 1
66,195
4,513
3,638
debt
liabilities
206.8
115.3
98,662
89,272
80,776
4,369
4,127
7,662
1,728
2,260
-18,273
Trade
Other
200.7
117.9
72,519
20
21
3,793
-8,844
2,254
6,002 •13,870
6,807 -9,007
23,343
1976
B u s i n e s s - Total
163.3
109.0
86,109
75,845
•26,143
14,447
40,590
-850
57,453
11,303
14,547
15,786
15,817
($ HILL)
71,122
78,253
66,814
74,560
84,871
78,876
4 Capital expenditures
5
fixed i n v e s t m e n t
6
B u s i n e s s plant + e g u i p m e n t
7
Home c o n s t r u c t i o n (1)
8
Multi-family residential
9
Change i n inventories
10
M i n e r a l r t s . from U . S . Govt.
11 N e t f i n a n c i a l i n v e s t m e n t
12
Net a o g . of f i n a n c i a l a s s e t s
13
Net i n c r e a s e in l i a b i l i t i e s
14
Corporate eguities
15
Credit market instruments
16
Bonds
17
Mortgages
18
Bank l o a n s n . e . c .
19
Other loans
78,860
76,548
1972
NET FLOHS
B I L L I O N S OF DOLLARS
1973
1974
1975
12,096
70,182
83,100
-1,755
1,311
-3,275
-19,031
11,732
-254
-25.3
58.3
83.5
10.5
69.6
25.3
22.9
4.4
17.0
11
12
13
14
15
\6
17
18
19
13.3 20
-9.9 21
10,286
Farm Business
1 Net income
5,637
6,780
6,144
4,462
4,346
4,150
2 Net saving
3 Capital consumption
4
Corporate
5
Noncorporate
6 Current surplus = gross saving
27
5,142
619
4,523
5,163
26
5,271
638
4,633
5,297
-10
5,391
656
4,735
5,381
-23
5,410
668
4,742
5,387
-20
5,475
678
4,797
5,455
-48
5,578
690
4,888
5,530
5, 169
6,513
4,723
463
1,327
5,297
7,458
4,970
682
1,806
5,381
7,050
4,555
696
1,799
5,387
4,406
3,812
490
104
5,455
4,212
3,755
754
-297
5,530
4,252
3,498
754
12 Net financial investment
13
Net ac<j. of financial assets
14
Demand deposits • currency
15
Miscellaneous assets
16
Insurance receivables
17
Eg. in spons. ags. (2)
-1,344
434
28
406
252
154
-2,161
440
29
411
260
151
-1,669
570
30
540
307
233
981
56-4
31
533
361
172
1,243
413
32
381
390
-9
1,278
537
33
504
425
79
1.5
.9
.3
.7
.6
.1
Net increase in liabilities
Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
O.S. Government
Fed. Int. Credit Banks
1,778
8,704
3,058
1,815
3,831
1,974
1,857
2,601
3,778
2,517
386
875
182
693
2,239
-1,024
1,774
-639
-2,159
-631
-1,528
-417
1,690
2,190
364
-864
-42
-822
-830
6,581
1,574
2,475
2,532
922
1,610
-74 1
2,767
1,427
1,200
140
-150
290
2-5
5.8
3.6
1.8
.5
.4
6.3
9.9
5.5
2.9
1.5
.4
1. 1
276
-7,202
283
-1,460
290
2,973
-303
-1,804
-220
-7,191
78
-3,586
.5
-3.9
. 1
-3.7
7 Gross investment
8 Capital expenditures
9
Plant and equipment
10
Residential construction
11
Change in inventories
18
19
20
21
22
23
24
25
26
Trade debt
Proprietor net investment
-
*
*
2.4
7.8
5.0
1. 1
1.7
. 1
1.7
2
3
4
5
6
12
13
14
15
16
17
8. 1
8-5
4.6
2.0
1.9
.8
1.1
3.2 18
10.2 19
5.7 20
3.0 21
1.5 22
. 1 23
1.3 24
.2
-5-7
-5
-.8
.8 25
-7.8 26
Nonfarm Noncorporate Business
31,335
12,085
30,997
12,549
30,771
13,055
30,574
13,177
30,979
13,224
31,490
13,351
68.3
17.2
72.6
18.4
75.2
21.3
77.6
24.2
87.8
26.2
1
2
12,085
21,565
21,040
15,699
1,953
3,388
525
12,549
19,237
18,396
15,010
540
2,846
841
13,055
14,997
15,346
14,473
-1,777
2,650
-349
13,177
12,679
14,199
13,832
-2,985
3,352
-1,520
13,224
19,356
18,106
12,446
2,595
3,065
1,250
13,351
16,118
15,564
11,520
1,477
2,567
554
17.2
33.8
32.4
15.5
.7
16.2
1.4
18.4
37. 1
35.7
18.8
-.5
17.4
1.4
21.3
28.6
28.6
18.8
-.4
10.2
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
3
4
5
6
7
8
S
10 Net f i n a n c i a l i n v e s t m e n t
11
Net a c g . of f i n a n c i a l assets
12
Demand d e p o s i t s • c u r r e n c y
13
C o n s u m e r credit
14
Miscellaneous assets
15
Insurance receivables
16
Eguity in s p o n s . ags. (2)
-9,480
943
-6,688
991
-1,942
1,701
498
644
-6,132
1,049
-2,767
967
16.6
1.5
-18.7
2.4
-7.4
1.8
472
471
456
15
501
490
475
15
1,073
628
592
36
10
634
600
34
-5
1.4
-.7
1.0
1.0
1.0
1.0
1.0
1.0
17
18
19
20
21
22
10,423
13,695
9,759
1,562
877
7,320
7,679
9,488
7,044
432
692
5,920
3,643
10,342
5,187
-1,421
757
5,851
146
4,781
2,812
-2,388
825
4,375
2,993
943
1,158
1,286
1,449
3,706
1,387
582
1,756
520
185
99
-263
-3,009
-242
-1,567
-262
-6,437
-255
-4,380
-228
-3,147
263
-2,405
1 Net i n c o m e
2 Gross svg.=capital
consump.
3 Gross investment
4 Capital expenditures
5
Fixed c a p i t a l
6
Plant and e q u i p m e n t
7
H o m e c o n s t r u c t i o n (1)
8
Multi-family residential
9
Change in inventories
23
24
Net i n c r e a s e in l i a b i l i t i e s
C r e d i t market i n s t r u m e n t s
Mortgages
Home m o r t g a g e s
Multi-family
Commercial
Bank l o a n s n . e . c .
O t h e r loans
25
Trade deist, n e t
26
P r o p r i e t o r net i n v e s t m e n t
(1) Farm
plus nonfarm
c h a n g e i n worJc in p r o c e s s .
(2) S h a r e s in F I C B ' s , Banks for C o o p s , and F e d e r a l Land
1 1 1 / 8 2 BASED ON P R E L I M I N A R Y AND I N C O M P L E T E INFORMATION
Banks.
433
616
.650
-34
7, 18 1
10,556
8,280
2,076
1,012
5,192
2 53
714
700
14
3,734
5,876
5,592
1,182
1,584
2,826
*
2.2
2. 1
-
.8
1.3
1.2
-.4
3-3
1.2
2. 1
2. 1
. 1
10
11
12
13
14
15
16
*
*
18. 1
28.4
26.2
.6
9.9
15.7
21. 1
29.8
25.5
-.4
7.9
18.0
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
1. 1
3.2
-1.0
1.8
-2.0
2.0
- 3 . 6 23
4.3 2-4
1.2
1.0
. 1
10.4
.4
-9.2
*
1.3
-12.3
*
1. 1
-13.7
17
18
19
20
21
22
2.2 25
- 1 4 . 0 26
NOVEMBEK 22, 1982
Sotal and Noncorporate Business
Total and Noncorporate Business
9
Sector Statements of Saving and Investment
SEASONALLY ADJUSTED ANNUAL BATES
1977
1978
1979
SEASONALLY ADJUSTED ANNUA1 RATES
1980
1981
|
Nonfinancial
I
2
3
276-6
198.8
314.6
223.4
343.6
243.9
321.9
260.5
334.6
301.5
1581
III
II
1982
II
IV J
Business - Total
342.0
306.6
329. 1
294.4
317.6
315. 1
274.5
306.9
272.3
309.0
280.8 Income before taxes
315.9 Gross saving
1
2
3
184. 1
202.2
244.7
244.6
264.1
265.4
262.3
254.2
234.6
265.7
272.8 Gross investment
4
5
6
7
8
9
10
230.9
205.4
190.6
5.5
9.3
23.0
2.5
273.5
245.1
231.3
2.6
11.2
26.5
2.0
300.2
281.2
269.6
.2
11.4
14.3
4.7
29 1. 1
296.1
285.7
-. 1
10.5
-10.0
357.6
332.3
319.4
-1.4
14.3
20.5
5.0
4.8
360.3
328.8
315.6
-1.5
14.7
24.6
6.9
383.9
337.0
327. 1
-4.2
14.2
31.8
15.1
361.1
340.4
330.2
-3.6
13.8
13.2
7.5
320.6
347.2
331.0
2.9
13.3
-35.6
9.0
329.5
340.4
324.9
2.8
12.8
-16.2
5.2
4
338.4 Capital expenditures
332.3
Fixed investment
5
Business plant • equipment 6
315.6
Home construction (1)
7
3.1
13.6
Multi-family residential
8
2.9
Change in inventories
9
3.2
Mineral rts. from O.S. Govt. 10
11
12
13
-71.3
98.5
169.8
-.1
126.4
27.8
37.5
33.1
28.1
-55.5
134. 1
189.6
-7.8
154.8
32.3
40.8
47.3
34.3
-46.4
102.5
148.9
12.9
131.0
42.6
35.0
31.8
21.6
-93.5
16
17
18
19
-46.8
67.4
114.3
2.7
108.2
27.6
34.7
24.2
21.7
60.5
154.0
-11.5
161.0
35.6
34.8
50.3
40.3
-95.0
99.8
194.7
-3.4
183.5
38.6
39.9
68.0
43.0
-121.6
26.9
148.5
-24.6
181.0
30.7
31.1
65.5
53.7
-107.0
24.3
131.3
-23.0
153.7
38.5
29.9
48.4
36.9
-86.0
-12.5
73.5
-5.3
149.1
33.9
32.7
70.6
11.8
-63.8
64.4
128.2
5.0
132.4
29.4
2-6.1
77.1
-.2
-65.6 Net financial investment
72.0
Net acq. of financial assets
137.6
Net increase in liabilities
Corporate equities
136.5
Credit market instruments
59.4
Bonds
Mortgages
23.8
35.1
Bank loans n.e.c.
Cther loans
18.2
11
12
13
14
15
16
17
18
19
20
21
24.6
-21.3
48.2
-4.8
55.0
-12.3
32.9
-27.8
14.7
-10.3
30.0
-21.5
1.7
-9.5
-3.6
4.3
-27.4
-42.9
12.2
-21.4
27.5
-26.4
20
21
rn
15
-
43.1
Trade debt
Other liabilities
Discrepancy
Farm Business
22.5
27.1
17.8
17.4
16.6 Net i n c o m e
2
3
4
5
6
-.3
12.6
1.4
11.2
12.3
.2
14.2
1.6
12.6
14.4
.1
16.3
1.9
14.4
16.4
.1
18.8
2.2
16.6
18.9
.1
20.8
2.5
18.3
20.9
.1
20.6
2.5
18. 1
20.7
.1
21. 1
2.6
18.5
21.2
21.6
2.6
18.9
21.5
-.1
21.6
2.7
19.0
21.5
-.1
21.9
2.7
19.2
21.8
- . 2 Net s a v i n g
22.3 C a p i t a l c o n s u m p t i o n
2.8
Corporate
19.6
Noncorporate
22.1 C u r r e n t s u r p l u s = g r o s s s a v i n g
7
8
9
10
11
12.3
17.8
15.2
1.5
1.1
14.4
20.4
17.6
1.7
1.1
16.4
27.2
19.9
1.7
5.7
18.9
16.3
18.7
1.9
-4.3
20.9
26.3
18.8
2.1
5.5
20.7
25.8
18.9
1.6
5.3
21.2
29.5
19.9
2.4
7.2
21.5
28.3
18.2
2.9
7.2
21.5
18.0
15.2
2.4
.4
21.8
16.6
15.0
2.8
-1.2
22-1 G r o s s
12
13
14
15
16
17
-5.6
1.8
.1
1.7
1.5
.2
-5.9
2.1
.1
2.0
1.7
.3
-10.8
2.1
. 1
1.9
1.5
.4
-5.tf
1.9
.1
1.7
1.1
.6
-5.2
1.7
.1
1.6
1.0
.6
-8.3
1.8
.1
1.6
1.0
.6
-6.8
2.3
.1
2.2
1.2
.9
3.5
2.3
.1
2.1
1.4
.7
5.2
1.7
.1
1.5
1.6
18
19
20
21
22
23
24
7.4
12.3
7.1
2.5
2.7
1.3
1.4
8.0
14.6
7.2
2.5
5.0
3.5
1.5
12.9
21.4
IT.8
2.8
6.7
3.4
3.3
-.6
14.4
9.3
.5
4.5
2.6
1.9
7.3
16.4
9.8
1.4
5.2
3.4
1.8
6.9
20.5
9.5
3.3
7.7
4.2
3.4
10. 1
16.1
10.8
.5
4.7
2.0
2.8
9. 1
9.6
10.2
-.7
1.3
-1.3
-1.2
5.6
7.3
4.7
-6.4
-2.1
-4.3
-3.6
11.3
3.6
5.9
1.8
-.2
2.0
-3.3
12.5
6.6
3.7
2.2
.9
1.3
Net increase in liabilities
Credit marJcet instruments
Mortgages
Bank loans n.e.c.
Other loans
0. S. Government
Fed. Int. Credit Banks
18
13
20
21
22
23
24
25
26
.9
-5.8
1.6
-8.3
1.2
-9.6
1.0
-16.0
1.1
-10.2
1.1
-7.1
1.2
-1.7
-1.2
-5.6
-.9
-14.0
.3
-16.1
Trade debt
Proprietor net investment
25
26
126.0 Net i n c o m e
53.4 G r o s s s v g . = c a p i t a l
2.6
2.0
. 1
1.9
1.3
.6
1. 1
-14.8
*
investment
16.7 Capital expenditures
14.0
Plant and equipment
2.7
Besidential construction
Change in inventories
5.4 Net financial investment
2.1
Net acq. of financial assets
.1
Demand deposits • currency
2.0
Miscellaneous assets
1.7
Insurance receivables
.3
Eq. in spons. ags. (2)
9
10
11
12
13
14
15
16
17
Nonfarm Noncorporate Business
1
2
101.5
29. 1
110.8
33.2
120.8
38.7
120.2
44. 1
124.7
49.5
125.3
48.3
124.0
50.2
123.1
52-2
122.3
52.7
123.9
52.9
3
4
5
6
7
8
9
29. 1
38.0
36.0
26.3
2.0
7.8
2.0
33.2
51.0
49.0
33.4
.4
9.1
2.0
38.7
53.2
53.6
45.5
-.8
8.8
-.4
44. 1
54.3
55.6
48.6
-1.0
8.0
-1.3
49.5
70.3
69.2
59.2
-1.7
11.J6
1.2
48.3
74.5
73.2
62.8
-1.6
12.0
1.3
50.2
69.8
68.3
60.0
-3.3
11.6
1.5
52.2
67.3
66.1
57.9
-3.3
11.5
1-2
52.7
60.6
66-5
55.3
.3
10.9
-5.9
52.9
64.4
60.3
49.8
10
11
12
13
14
15
16
-8.3
3. 1
-10.2
3. 1
-20.8
4.8
-26.1
5.9
-19.6
5. 1
-15.1
3.5
-7.9
1.8
-11.5
•6.4
17
18
19
20
21
22
12.0
28.3
24.1
1.6
5.1
17.4
22. 1
32.4
26.1
.4
6.5
19.3
23
24
.9
3.3
.3
6.0
25
2£
1..6
-17.9
-2.4
-7.8
10.
-17.7
4.4
-14.5
4.8
.6
1.4
1.8
.5
2.6
2.6
2.5
3.0
2.9
.1
3.0
2.9
. 1
2.6
2.5
.1
2.1
2.1
.1
4.0
1.9
1.8
.1
3.2
2.0
1.9
.1
1.0
2.5
2.4
.1
-.7
2.5
2.4
.1
3.9
2.5
2.6
-.1
13.3
33.8
23.6
-.8
5.8
18.6
25.6
40.5
26.1
-1.4
3.0
24.5
32.0
46.5
30.8
-1.3
3.5
28.6
24.8
40.1
23.1
-2.7
2.8
23.0
18.6
38.5
22.4
-2.6
3.0
22.0
9.7
28.0
23.5
.2
3.3
20.0
17.9
32.8
23.8
3.4
6.8
6.2
8.3
11.8
3.9
7.2
9.8
4.8
11.2
-1.8
-18.8
-1.1
-13.8
-1. 1
-13.5
-1.0
-14-4
-1.0
*
19.3
34.4
27.6
-.6
5.4
22.8
.6
6. 1
-.5
-14.6
(1) F a r m
- 4 . 0 Net f i n a n c i a l i n v e s t m e n t
5.5
Net acq. of f i n a n c i a l a s s e t s
Demand d e p o s i t s • currency
2.7
Consumer credit
2.9
Miscellaneous assets
2.8
Insurance receivables
• 1
E q u i t y in s p o n s . a g s . (2)
10
11
12
13
14
15
16
4.0
19.8
9.6
25.9
17.3
.1
6.3
10.8
17
18
19
20
21
22
4.0
.5
6.5
2.4
3.7
5.0
-1.0
-17.2
-.9
-14.0
1.1
•17.4
Net i n c r e a s e in l i a b i l i t i e s
Credit market instruments
Mortgages
Home mortgages
Multi-family
Commercial
Bank l o a n s n . e . c .
Other loans
T r a d e d e b t , net
Proprietor net investment
p l u s nonfarm c h a n g e in work in p r o c e s s .
(2) Shares in F I C B * s , B a n k s for C o o p s , and F e d e r a l L a n d
B I L L I O N S OF D O L L A B S .
1 1 1 / 8 2 B A S E D ON I N C O M P L E T E
INFORMATION.
consump.
53.4 G r o s s i n v e s t m e n t
57.4 Capital expenditures
57.4
Fixed capital
46.1
Plant and e q u i p m e n t
.2
H o m e c o n s t r u c t i o n (1)
11.2
Multi-family residential
C h a n g e in i n v e n t o r i e s
Banks.
23
24
25
26
NOVEMBER 22, 1982
Nonfinancial Corporate Business
Nonfinancial Corporate Business
Sector Statements of Saving and Investment
UNADJUSTED NET FIOWS ($ HILL)
UNADJUSTED NET FLOWS ($ BILL)
1981
III
IV
I
|
1582
II
I
III
1972
BILLIONS OF DOLLARS
1973
1974
1975
1976
Nonfinancial Corporate Business, Excluding Farms
1
2
3
4
Profits before tax
- Profit tax accruals
- Domestic net dividends
= Domestic undist. profits
47,895
16,550
15,725
18,699
48,332
16,414
16,036
14,656
41,945
13,171
19,784
7,121
31,778
9,262
17,012
5,061
34,857
10,381
16,850
11,762
35,482
10,587
16,844
6*218
76.3
33.4
24.7
18. 1
95.2
39.7
27.4
28.1
105.1
41.8
30.9
32.4
106.7
41.0
31.7
34.0
134.5
52.4
38.2
43.9
1
2
3
4
5
6
7
8
•
•
•
=
Capital consumption adj.
Depreciation charges, NIPA
Earnings rec* from aJoroad
O.S. internal funds, book
-4,184
47^543
3,731
65,789
- 4 , 125
49,135
2,655
62,321
-3,739
50,627
4,532
58,541
-2,486
51,275
2,878
56,728
-1,757
52,341
2,814
65,160
-1,094
53,365
1,824
60,313
2.9
62.0
4.7
87.7
2.6
67.2
6.4
104.4
-1.7
78.7
9.6
118.9
-9.6
93.8
6.1
124.4
-12.9
103.6
8.2
142.9
5
6
7
8
9 • Fgn. earnings ret. abroad
10 • Inv. valuation adjustment
11 = Total internal funds + IVA
1,876
-6,043
61,622
1,032
-5,354
57,999
3,174
-3,603
58,112
1,150
-1,882
55,996
2 f 180
-2,519
64,421
546
-1,487
59,372
4.0
-6.6
85.0
7.2
-20.0
91.7
6.7
-40.0
85.6
6,9
-11.6
119.7
6.0 9
-14.7 10
134.2 11
12 Gross investment
13 Capital expenditures (1)
14
Fixed investment
Plant and equipment
15
16
Home construction
Multi-family residential
17
Inventory change + IVA
18
19
Mineral rts. from U.S. Govt.
55,265
70,584
63,046
60,354
1,953
739
5,810
1,728
48,349
71,995
61,219
59,959
539
721
7,002
3,774
34,769
65,121
65,498
66,679
-1,776
595
-2,259
1,882
43,500
53,453
58,667
61,210
-2,984
441
-7,428
2,254
54,135
68,751
70,148
66,925
2,595
50,628
68,544
64,599
62,419
1,477
62 8
-2,708
1,31 1
3,142
803
82.6
99.0
89.9
87.0
.7
2.2
8.2
.9
91.2
121.5
104.5
102.4
-.5
2.7
13. 8
3.2
85.6
137.9
115.4
1 14.0
-.4
1.8
16.0
6.5
113.7
109.7
117.7
116.3
.9
.5
-9.3
1.3
125.2
148.3
131.5
129.0
1.6
.9
12.8
4.0
-9,593 - 1 4 , 6 1 6 - 1 7 , 9 1 6
1,930
22,464
-1,822
•16.5
50.1
-30.2
70.5
-52.3
52.2
4.0
41.2
-23.1 20
53.5 21
9.2
2.4
2.4
1.6
.9
12.9
1.4
4.7
8.6
1.2
6.0
1.2
3.8
-5.8
-. 2
19.8
6.2
1.9
-.8
.8
14.6 22
2.4 23
2. 1 24
2.3 25
1. 7 26
-2. 1
1.0
3.0
-3.4
-. 1
.6
2.3
.6
4.1
8.7
-.2
3.1
2. 1 27
-1. 1 28
5.0 29
481
-8 19
1,300
.9
26.2
13.8
5.7
1.2
4.5
1.5
3 8.8
17.3
10.1
2.0
8.2
.6
32.3
13.3
8.9
1.2
7.8
.7
5.8
14.9
14.0
6.0
8.0
1.9 30
18.7 31
18-3 32
11.6 33
3. 9 34
7.7 35
1,200
75
613
1.9
2.0
2.1
2.2
6.2
5.2
66.6
43.4
10.9
20 Net financial investment
-15,319 -23,646 -30,352
21
Net acg- of financial assets 13,070 10,795
7,113
22
23
24
25
26
27
28
29
Liguid assets
Demand dep. and currency
Time deposits
Security RP's
Foreign deposits
U.S. Govt, securities
State+Iocal obligations
Commercial paper
2,300
2,231
2,776 -1,896
1,799
4,445
- 1 , 1 19 -2,899
-2,048
-799
703
11,111
2,908
5,617
2,175
709
-5,752
-6,653
1,337
-175
-2,037
3,551
2,329
-1,205
1,030
6,620
1,020
3,840
1,814
-1,800
-3,384
1,936
-6
-5
4,036
-185
386
17
489
1,499
-11
1,892
-756
458
-
240
-5
1,541
751
30
31
32
33
34
35
Consumer credit
Trade credit
Miscellaneous assets
.Foreign dir. invest. (2)
Equity, etc.
Retained earnings
802
3,355
6,613
5,737
2,255
3,482
740
6,358
1,466
1,353
-905
2,262
1,443
-8,996
3,555
2,359
-762
3,121
-2,654
806
5,778
2,672
1,384
1,288
36
37
38
Insurance receivables
Eguity in sponsored ags.
Other
854
1
21
866
-I
-752
1,014
1
181
1,100
-3
2,005
1,150
28,389
34,204
-850
34,441
23,304
-6,150
37,465
21,220
-5,750
7,771
23,906
-1,322
16,546
28,066
1,250
40,380
23,252
35,054
3,525
7,778
29,454
2,791
4,526
26,970
3,013
5,773
25,228
3,421
4,557
26,816
3,168
6,195
23,252
4,224
10,173
32.4
.5
12.2
1,730
1,562
514
-346
375
432
J20
-377
-1,369
-1,421
389
-337
-2,015
-2,388
678
-305
1,703
2,076
1,117
1,182
190
-255
2.8
.6
2.8
-.6
15, 193 15,402
6,242 -1,339
558
1,187
-713
4,090
482
213
12,375
7,138
-577
139
190
13,087
1,881
8,353
-2,015
468
446
486
12.4
.7
149
430
203
936 -4,039 -1 1,366
5,974 -13,312 - 2 , 8 2 7
2,673
9,335
1,216
2,281
8,475
632
39 2
860
584
39
40
41
42
43
44
Net increase in liabilities
Net funds raised in mkts.
Net new eguity issues
Debt instruments
Tax-exempt bonds (3)
Corporate bonds (2)
45
46
47
48
Mortgages
Home mortgages
Multi-family
Commercial
49
50
51
52
53
Bank loans n.e.c.
Commercial paper
Acceptances
Finance company loans
U.S. Government loans
54
55
56
57
58
-12,602
Profit taxes payable
Trade debt
2,247
Fgn.direct invest, in U.S.
4,540
Eguity, etc.
3,360
Retained earnings
1, 180
6,357
59 Discrepancy
60
61
62
63
64
65
66
67
10,978
5,982
-195
4,879
377
2, 187
4,472
4,478
3,358
1, 120
9,650
23,343
Memorandum items:
886 •14,970
1,108
Trade credit net of trade debt
29,994
158 12,096
Profits tax payments
Debt subtotals:
692
7,417
13,033
Securities and mortgages
762 19,553
22,021
Loans and short-term paper
421 26,463
11,666
Total short-term liab. {4)
Per cent ratios:
31,400
34,551 33, 960
Effective tax rate
Capital outlays/internal funds 114,543 124 131 1 1 2 , 0 6 1
41,415
Cr. mkt. borrowing/cap. exp.
49,662 40 911
(1) Capital outlays on book basis:
68 Inventory change, NIPA
5,810
69 Less: Inv. val. adjustment
-6 # 043
70 Inventory change before IVA
11,853
7,002
-5,354
12,356
71 Total cap. expend, before IVA
76,627 77,349
72 U.S. internal funds, book
65,789 62,321
Financing gap: Excess of capital expenditures
73
over U.S. internal funds
16,838 15,028
412
312
-3,811
1,778
1,549
13,163
2,369
265
1,284
-
-921
*
-1.4
3.4 36
* 37
3.2 38
100.7
56.7
7.9
104.4
69.9
4. 1
37.2
30.7
9.9
76.6 39
54.5 40
10.5 41
48.8
1.8
9.2
65.9
1.6
19.7
20.8
2.6
27.2
44.0 42
2.5 43
22.8 44
1.8
-. 4
2.5
-.2
.9
-.3
1.4
-.2
-1. 1
.7
.3
-2.1
2.4 45
1. 2 46
1.2 47
- 48
3.6
.2
29.6
1.4
.5
4. 1
.3
30.9
4. 1
1.3
5.8
1.5
-9.2
-2.9
.2
3.8
.2
5.0
1.4
1.3
8.4
.2
45
50
51
52
53
2,535
11,391
3,202
2,602
600
-. 1
22.3
.9
.4
.6
2-4
3 8.9
2.8
1.9
.9
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
54
55
56
57
58
*
6.0
9.0 59
-
-80
-293
2.2
*
8,744
2.4
.5
14,118
14,576
-984
22,426
1,772
6,450
3.9
33.2
-.1
37.5
3.6
41.5
-.5
42.4
8.4 60
45.2 61
5,963
19,265
1,914
11,066
15,750
1,557
15,514
7,738
21,664
15.5
16.9
39.2
12.8
36.0
77.2
22.2
43.6
73.4
28.7
-8.0
-4.0
27.7 62
16.3 63
34.0 J64
29,145 29,781
9 5 , 5 3 0 106,721
47,161 39,004
29,837
115,448
33,922
43.8
116.5
32.7
41.7
132.4
40.2
39.8
161.0
47.8
38.4
91.7
18.5
39.0 65
110.5 66
29.7 67
-7,428
-1,882
-5,546
-2,708
-2,919
211
3,142
-1,487
4,629
8.2
-6.6
14.8
13.8
-20.0
33.7
16.0
-40.0
55.9
-9.3
-11.6
2-2
12.8 68
-14.7 69
27-5 70
68,724 5 5 , 3 7 5
58,54 1 5 6 , 7 2 8
71,670
65,160
70,031
60,313
105.7
87.7
141.4
104.4
177.8
118.9
121.3
124.4
163.0 71
142.9 72
-1,353
6,510
9,718
-2,259
-3,603
1,344
10,183
(4) L o a n s (except m o r t g a g e s ) , s h o r t - t e r m p a p e r , p r o f i t t a x e s p a y a n l e , and
trade debt.
I n c l u d e s l o a n s due in more than o n e year a n d e x c l u d e s
c u r r e n t m a t u r i t i e s o f s e c u r i t i e s and m o r t g a g e s .
AND I N C O M P L E T E
*
*
10,286
(3) I n d u s t r i a l r e v e n u e b o n d s .
I s s u e d by s t a t e and l o c a l g o v e r n m e n t s
t o f i n a n c e p r i v a t e i n v e s t m e n t and s e c u r e d i n i n t e r e s t and
p r i n c i p a l by the i n d u s t r i a l user of t h e f u n d s .
PRELIMINARI
*
12,096
(2) C o r p o r a t e b o n d s i n c l u d e n e t i s s u e s by N e t h e r l a n d s A n t i l l e s s u b s i d i a r i e s ,
and U . S . f o r e i g n d i r e c t i n v e s t m e n t i s b e f o r e s u b t r a c t i n g r e f l o v s of
c a p i t a l from N e t h e r l a n d s A n t i l l e s s u b s i d i a r i e s * foreign f i n a n c i n g .
1 1 1 / 8 2 BASED ON
12
13
14
15
16
17
18
15
INFORMATION
NOVEMBER 2 2 , 1982
Nonfinancial Corporate
Nonfinancial Corporate
Business
Sector S t a t e m e n t s of Saving and
SEASONALLY
ADJUSTED
1977
1978
ANNUAL
1979
Investment
RATES
SEASONALLY ADJUSTED
1980
1981
1
1
1981
III
II
1982
II
1
IV
Business
|
I
ANNUAL
RATES
III
Nonfinancial Corporate B u s i n e s s , Excludin g F a r m s
1
2
3
4
156.1
59.4
42.0
54.7
177.5
66.6
48.0
62.8
190.9
68.9
54.7
67.3
182.2
64.6
60.5
57.1
185.9
63.3
66.9
55.7
181.2
61.4
65.9
53.9
190.9
65.5
68.2
57.2
169.9
54.8
69.8
45.3
134.4
38.9
70.5
25.0
131.0
37.1
70.7
23.2
138.2
42.0
71.8
24.5
Profits before tax
- Profit tax accruals
- Domestic net dividends
= Domestic undist. profits
1
2
3
4
5
6
7
8
-10.6
114.3
10.3
168.7
-12.1
129.2
10.5
190.5
-13.7
147.7
15. 1
216.4
-16.7
169.8
18.4
228.6
-16.2
193.3
T4.3
247.2
-16.7
190.2
15.0
242.4
-16.5
196.5
14.1
251.3
-15.0
202.5
T3.4
246.3
-9.9
205. 1
12.8
233.0
-7.0
209.4
11.3
236.9
-4.4
213.5
11.2
244.7
•
+
+
=
Capital consumption adj.
Depreciation charges, NIPA
Earnings rec. from abroad
U.S. internal funds, book
5
6
7
8
9
10
11
4.8
9.2
-24.0
175.7
15.5
-43. 1
188.8
11.9
-43.0
197.5
8.5
-24.6
231.1
5.8
-16.2
157.4
-22.8
225.4
6.9
-23.0
235.2
12.2
-17.1
241.4
-4.4
232.6
6.8
-9.4
234.3
5.5 + Fgn. earnings ret. airoad
-9.9 + Inv. valuation adjustment
240.3 = Total internal funds + IVA
9
10
11
189.6
219.8
206.1
204.3
-.8
2.6
9.0
4.7
181.7
220.5
219.9
218.4
-1.0
2.5
-4.4
5.0
193.7
260.9
242.3
241.4
-1.7
2.6
13.8
4.8
196.4
260.0
235*1
233.9
-1.6
180.4
265.5
253.2
254. 1
-3.3
160.3
241.9
263.1
260.4
191.0
248.5
262.3
260. 1
2.3
4.8
7.5
-30.2
6.9
191.0
284.6
246.4
247.1
-3.3
2.6
23.1
15.1
9.0
2.3
-19.1
5.2
197.2 Gross investment
264.2 Capital expenditures (1)
258.1
Fixed investment
255.5
Plant and eguipment
.2
Home construction
2.4
Multi-family residential
2.9
Inventory change + IVA
Mineral
rts. from U. S. Govt.
3.2
12
13
14
15
16
17
18
19
-30.2
127.3
-38.8
97.4
-67.2
53.9
-63.7
92.2
-93.6
20.0
-85. 1
18.5
-81.6
-16.6
-57.5
56.4
20
-67.0 Net financial investment
64.3
Net acq. of financial assets 21
17.7
-.7
14.9
14.9
5.0
-9.1
16.0
-11.6
-3.2
23-3
-4.0
13.7
-2.3
8.7
2.8
7.7
-.7
-8.1
3.3
.1
4.4
6.5
-2.2
-1.5
6.3
4.3
-
1.8
4.6
-.7
4.2
11.5
S.3
.3
9.0
-1.7
-12.9
-1.1
-25.9
13.5
9.4
4.2
5.2
12
13
14
15
16
17
18
19
142.7
175.1
152.7
149.2
2.5
154.5
202.2
176.8
174.3
.4
2.0
23.4
2.0
20
21
-32.4
62.5
-47.7
92.0
22
23
24
25
26
3.7
2.8
4.8
1.2
1.3
9.8
4.4
2.0
5.5
2.0
19. 1
6.3
4.7
2.6
1.5
15.8
6.6
4.0
6.6
1. 1
27
28
29
-6.4
-4.5
.2
.2
.1
3.9
-1.2
-.2
-1. 1
2.0
1.8
56.0
24.5
15.7
4.4
11.3
1.6
71.4
35.1
26.6
7.6
19.0
.4
47.6
33.7
21.9
4.9
17.0
1.8
17.0
T7.4
\2.3
-.6
13.0
5.6
5.5
.1
2.9
4.7
3.7
3.4
3.2
7.1
-
6.8
139.7
79.3
-.1
157.5
91.2
-7.8
136*2
95.7
12.9
121. 1
92.6
-11.5
30
31
32
33
34
35
36
37
38
2.0
1.5
19.9
*
-.1
1.2
36. J
21.5
ir.5
5.1
6.4
4.-4
. 1
5.5
*
•
*
*
.3
1.2
*
1.3
39
40
41
94.9
70.4
2.7
42
43
44
67.6
6.7
21.0
79.4
7.7
20. 1
99.0
9.8
22.5
82.8
9.5
33.2
104.1
11.8
23.9
45
46
47
48
3.5
1.6
2.0
-.1
4.2
.4
2.7
1.1
1.4
-.6
2.4
-.4
2.0
-.8
3.0
-.2
-1.1
-1.4
1.6
-1.3
49
50
51
52
53
20.8
1.6
.6
13.5
30.3
2.7
1.2
11.5
1.7
43.9
9.0
1.0
10.2
1.2
27.8
4.9
.8
3. 1
1.5
42.8
J4.7
2.2
8.7
1.2
54
55
56
57
58
-1.3
22.1
3.7
2.1
1.6
3.4
49.1
7.9
5.3
2.6
54.4
11.9
7.9
4.0
-6.7
33.6
13.7
7.5
6.2
-7.6
14.7
21.3
17.2
4. 1
59
14.7
21.2
-.8
15.8
37.4
*
*
2.8
18.0
4.4
15.3
-4.5
-8.2
*
39.3
33.3
23.2
9.2
13.9
3.5
9.8
6.8
-5.7
12.5
4.T
4.1
.3
2.4
-3.0
*
4.4
*
20.2
1.8
4.4
3.0
4. 1
-11.7
18.5
2.0
12.5
7.3
-7.2
6.8
Liguid assets
Demand dep. and currency
Time deposits
Security HP's
Foreign deposits
U.S. Govt, securities
State+local obligations
Commercial paper
*
-2.8
3.1
17.4
15.6
6.6
1.4
5. V
-1.7
31.5
16.0
6.2
1.0
5.2
30
Consumer credit
Trade credit
31
Miscellaneous assets
32
Foreign dir. invest- (2) 33
Equity, etc.
34
Retained earnings
35
36
Insurance receivables
Equity in sponsored ags. 37
Cther
38
4.6
*
-1.3
-1.1
-.3
4.5
-
4.8
.3
4.7
155.8
119. 1
-3.4
113.7
100.2
-24.6
103.6
82.5
-23.0
65.0
110.2
-5.3
113.9
93.3
5.0
131.3
98.0
122.5
T4. 1
24.5
124.8
11.2
19.5
105.5
12.1
26.4
115.5
13.7
20.3
88.3
12.7
16.7
98.0
16.9
42-5
-.4
-2.8
-2.7
1.3
-1.5
-2.8
-2.6
1. 1
-1.3
1.9
.2
2.9
-1.2
-1.3
-. 1
-1.2
-. 1
.1
.8
-1.0
Mortgages
Home mortgages
Multi-family
Commercial
57.9
25. S
3.5
7.8
1.9
44.2
61.9
20.8
-4.3
.5
.8
64.7
-2.7
-1.3
-1.3
.8
27.7
-7.2
3.2
13. 1
1.9
49
Bank loans n. e. c.
Commercial paper
50
Acceptances
51
Finance company loans 52
U. S. Government loans 53
-5.9
-12.5
-3.8
37.3
33.9
-4. 1
14.0
10.7
9. 1
1.6
-5.7
26.2
12.8
10.4
2.4
43.3
43. 1 Discrepancy
*
*
-1.3
2.2
-1.4
52.8
15.2
-2.5
17.3
1.5
*
9.3
6.5
9.0
.9
*
4.7
4.5
3.4
-24.9
-25.2
4.9
2.5
2.3
29.0
44.2
61.0
72.3
-11.4
30.0
18.2
13.4
1.5
17.9
13.4
*
-
14.0
59.7
6.9
64.7
17.1
70.6
14.0
72. 1
2.3
69.9
9.3
2.7
71.8
69.7
-9.2
71.0
-.8
62.7
3.4
39.7
5.3
47.8
62
63
64
31.2
36.5
57.2
32.0
47.4
99.9
33.7
65.3
119.7
44.6
3 8.2
65.1
34.5
69.6
76.7
38.2
84.3
102.9
27.8
97.0
92.5
35.7
69.9
53.6
35.8
79.7
29.6
28. 1
60.3
70.1
59.3
38.7
59.2
65
66
67
38.0
111.3
38.6
37.5
115.1
39.3
36.1
116.4
45.1
35.5
111.6
37.5
34.0
112.9
39.9
33.9
115.4
47.1
34.3
121.0
43.9
32.2
110.0
39.8
28.9
104.0
47.7
28.3
106. 1
35.6
30.4
109.9
37.1
68
69
70
19.9
-16.2
36.1
23.4
-24.0
47.5
9.0
-43.1
52. 1
-4.4
-43.0
38.6
13.8
-24.6
38.4
18.0
-22.8
40.9
23.1
-23.0
46.1
4.8
-17.1
22-0
-25.8
-19.1
-9.4
-9.7
71
72
191.3
168.7
226.2
190.5
262.9
216.4
263.5
228.6
285.5
247.2
282.9
242.4
307.6
251.3
282-6
246.3
Net increase in liabilities
Net funds raised in mkts.
Net new equity issues
Debt instruments
Tax-exempt bonds (3)
Corporate bonds (2)
Memorandum items:
Trade credit net of trade debt
Profits tax payments
Debt subtotals:
Securities and mortgages
Loans and short-term paper
Total short-term liab. (4)
Per cent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. mkt. borrowing/cap. exp.
(1) Capital outlays on book basis:
2.9 Inventory change, NIPA
-9.9 Less: Inv. val. adjustment
12.8 Inventory change before IVA
246.3
257.9
274.1 Total cap. expend, before IVA
233.0
236.9
244.7 U.S. internal funds, book
Financing gap: Excess of capital expenditures
13.4
21.0
29.4
over U.S. internal funds
(3) I n d u s t r i a l r e v e n u e b o n d s .
I s s u e d by state and l o c a l g o v e r n m e n t s
to f i n a n c e p r i v a t e i n v e s t m e n t and s e c u r e d in i n t e r e s t a n d
p r i n c i p a l by t h e i n d u s t r i a l u s e r of the f u n d s .
(4) L o a n s (except m o r t g a g e s ) , s h o r t - t e r m p a p e r , p r o f i t t a x e s p a y a b l e , and
trade debt.
I n c l u d e s l o a n s due in more than o n e year and e x c l u d e s
c u r r e n t m a t u r i t i e s of s e c u r i t i e s and m o r t g a g e s .
1 1 1 / 8 2 BASED CN I N C O M P L E T E
INFORMATION.
39
40
41
42
43
44
45
46
47
48
54
Profit taxes payable
Trade debt
55
Fgn.direct invest, in U.S. 56
Equity, etc.
57
Retained earnings
58
(2) C o r p o r a t e b o n d s i n c l u d e net i s s u e s b y N e t h e r l a n d s A n t i l l e s s u b s i d i a r i e s ,
and U . S . foreign d i r e c t i n v e s t m e n t i s b e f o r e s u b t r a c t i n g r e f l o w s ox
c a p i t a l from N e t h e r l a n d s A n t i l l e s s u b s i d i a r i e s ' foreign f i n a n c i n g .
BILLIONS OF D O L L A R S .
27
28
29
18.7
60
61
22
23
24
25
26
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
NOVEMBEB 2 2 , 1982
State and L o c a l G o v t s , and -Foreign
State and L o c a l G o v t s , and
Sector S t a t e m e n t s of Saving and
UNADJUSTED
NET F L O H S
($ MILL)
ON A D J U S T E D N E T FLOWS
1981
III
XI
1 T o t a l r e c e i p t s , NIA b a s i s
2
Tax r e c e i p t s
3
Social insurance receipts
4
G r a n t s - i n - a i d received
IV
|
I
Foreign
Investment
1982
II
B I L L I O N S OF DOLLABS
1973
1974
1975
1972
III
General Funds
($ MILL)
1976
State and local
Governments
(1)
106,821
76,320
8,992
21,509
108,221
78,409
9,215
20,597
102,046
72,663
9,425
19,958
178.3
129.3
11.5
37.5
195.0
141.5
13.0
40.6
211.4
152.8
14.6
43.9
237.7
166.3
16.8
5 4.. 6
267.8
187.1
19.5
61. 1
1
2
3
4
104,516
100,590
3,926
164.8
151.4
13.4
181.6
168.5
13.1
204.6
193. 1
11.5
232.2
217.2
15.0
251.2
232.9
18.3
5
6
7
103,494
73,010
8,351
22,133
98,329
68,481
8,560
21,288
112,586
82,384
8,765
21,437
95,839
91,620
4,219
99,074
94,838
4,236
98,445
94,318
4,127
9 6 , 1 0 3 100,866
91,996
97,077
4,107
3,789
8 Net s u r p l u s , NIA basis
9 - R e t i r e m e n t c r e d i t to HH
10 = G r o s s saving
7,655
9,111
-1,456
-745
6,803
-7,548
14,141
5,995
8,146
10,718
7,125
3,593
7,355
7,578
-223
-2,470
6,274
-8,744
13.5
8.5
5.0
13.4
9.5
3.9
6.8
9.7
-2.9
5.5
11.3
-5.8
16.6
12.9
3.7
8
9
10
11 Net f i n a n c i a l i n v e s t m e n t
Net a c q . of f i n a n c i a l assets
12
13
Demand dep. and c u r r e n c y
Time deposits
14
15
Security B P ' s
-4,653
3,901
1,587
-2,848
-3,704
4,101
- 1,863
-3,435
1,785
-2,172
4,614
-2,658
10,979
-3,121
10,502
-3,323
3,507
. 1
15.2
.5
6.8
726
-554
-23
249
1.4
15.4
-.6
7.2
2.4
-7.8
9.5
-.5
5.7
3.6
-12.7
2.4
664
3,820
10,940
2,V39
2,599
-4.6
11. 1
-.9
2.1
-
11
12
13
14
15
6,629
4,526
3,3 84
1,142
3,743
1,922
1,402
4,568
3,173
3,093
1,035
6.9
5.9
4. 1
1.7
-.3
1.4
5.6
3.7
-1.0
4.7
.2
1.7
. 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
16
17
18
19
20
21
2.2
22
14.0
13.2
12.9
.3
12.6
.3
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
23
24
25
26
27
28
1.8
4.9
1.3
6.8
19.9
146.9
127.0
5 T o t a l e x p e n d i t u r e s , NIA b a s i s
6
P u r c h . of g o o d s and s e r v i c e s
7
Net i n t e r e s t and t r a n s f e r s
16
17
18
19
20
21
22
23
24
25
26
27
28
C r e d i t market i n s t r u m e n t s
O . S . Govt, s e c u r i t i e s
Treasury i s s u e s
Agency i s s u e s
State+local obligations
Mortgages
Taxes
receivable
Net i n c r e a s e in l i a b i l i t i e s
Credit market borrowing
State»local obligations
Short-term
Other
O.S. G o v e r n m e n t l o a n s
29
Trade dent
30 D i s c r e p a n c y
-91
520
35
2,194
1,786
554
-1,564
-323
-169
1,564
52
33
14,596
13,938
12,561
1,377
-307
1,070
965
80
-68
-120
86
8,193
7,287
6,262
1,025
1,005
-99
- 2 , 193
2,111
1,657
-1,941
-2,284
2,039
8,554
6,714
5,957
1, 189
4,768
7,120
5,501
5,146
-536
5,682
5,220
3,828
3,584
-553
4,137
13,637
12,386
11,848
2,012
9,836
13,623
12,242
11,798
3,500
8,298
757
7,805
5,874
5,975
2,071
3,904
-101
355
244
538
444
15.0
14.5
14.2
.1
14.1
.3
1,840
3,197
1,931
-3,844
1,619
4,326
1,392
7,028
1,251
2,43 5
1,381
-5,623
.5
4.9
Foreign
1 Net O . S . e x p o r t r e c e i p t s
2
O.S. export receipts
3 - O . S . import p a y m e n t s
.7
7.0
6.7
101.4
94.5
138.4
131.7
3.9
3.8
-.8
4.2
4.3
4.0
4.5
-9.7
-1.8
11.4
4.0
5.8
7.2
6.7
6.9
-6.5
-4.9
-18.3
-4.5
15.0
-2.5
26.6
-24.0
2,819
87,205
84,386
4,976
89,123
84,147
6,124
87,821
81,697
6,806
90,664
83,858
-1,960
83,235
85,195
-3.2
73.0
76.2
4 - Transfers to foreign
5 - O . S . Govt, i n t e r e s t paid
6 = O.S.current a/c n e t r e c e i p t s
+ Net c o r p o r a t e e a r n i n g s
7
r e t a i n e d alroad
8 = F g n . c u r r e n t acct. b a l a n c e
(O.S. b a l a n c e , sign r e v e r s e d )
1,368
4,241
-990
1,657
4,272
-3,110
1,888
4,287
-1,199
1,685
4,475
-36
1,649
4,377
780
1,520
4,108
-7,588
1,876
-886
1,032
2,078
3,174
-1,975
1,150
-1,114
2,180
-2,960
546
7,042
9 Net f i n a n c i a l i n v e s t m e n t
Net a c q . of f i n a n c i a l a s s e t s
10
Gold and SDB»s (1)
11
O . S . demand d e p o s i t s
12
O.S. time deposits
U
Net i n t e r b a n k c l a i m s
14
-8,166
15,092
-8,312 •-11,202
1,151
-6,602
-131
-398
414 - 3 , 9 1 2 - 3 , 1 7 9
1,310
-4,768
-36
7,831 •-14,400
-1,723
-3,342
4,169
-289
1,395
-432
-5,692
1,333
-3,082
-255
-1,885
15
16
17
18
19
O.S. corporate equities
Credit market instruments
0.S. Govt, s e c u r i t i e s
U . S . c o r p o r a t e b o n d s (2)
Open-market paper
20
2T
Security credit
Trade credit
22
23
24
25
26
27
28
29
30
31
32
1,980
804
2,445
824
-9,129
2,969
676
442
934
995
-17
729
-2,624
-5,723
2,428
8,089
5,902
1,505
1,834
5,827
-1,719
2,019
-63
556
429
671
682
2,438
-541
5,631
-360
5,109
1,718
2,641
-
-
-
-
16
-237
1,082
Miscellaneous assets
D i r . i n v e s t m e n t in O . S .
Equity, e t c .
Retained e a r n i n g s
Other
6,169
4,540
3,360
1,180
1,629
1,887
4,478
3,358
1,120
-2,591
8,671
9,335
8,475
-664
632
584
745
Net i n c r e a s e i n l i a b i l i t i e s
O . S . o f f . fgn. e x c h a n g e
• net IMF position
O.S. private deposits
23,258
7,620
9,463
4,600
877
-223
2,099
-397
2,483
-106
1,583
-349
7,597
17
-214
1,180
745
341
Foreign corporate equities
C r e d i t market i n s t r u m e n t s
C o r p . and foreign b o n d s
1,372
188
8,141
1,322
33
34
35
36
Bank
To
To
To
loans n.e.c.
foreign official
foreign banks
other f o r e i g n
1,023
37
38
Bankers acceptances
O.S. G o v e r n m e n t l o a n s
39
40
S e c u r i t y debt
T r a d e dent
41
42
43
44
45
46
47
Miscellaneous liabilities
O.S.equity in IBBD, etc.
O.S. Govt, deposits
O.S. d i r . inv. abroad(2)
Equity, etc.
Betained earnings
Other
48
69
7,689
-222
Discrepancy
967
4,591
860
5,775
2,825
1 1 1 / 8 2 B A S E D ON J B E 1 I M I N A B I
.6
1.6
2.9
-.7
-2.7
2.4
8.4
8.4
2.8
.6
.2
. 1
9
10
11
12
13
14
2.8 15
15.2 16
11.6 17
.9 18
2.7 19
27
1.0
1.8
1.6
3.4
20
21
1,961
1,216
2,251
2,673
2,281
2,244
3,202
2,602
7.6
2.8
1.9
.9
4.8
3.0
4.8
3.7
1.8
2.6
1.4
1.2
-.8
8.9
4.3
2.7
1.7
4.6
22
23
24
25
26
19.4
29.2
29.5
40.4
27
.8
.8
2.5
1.7
28
29
.3
*
•
392
600
-422
-958
3.0
.9
.4
.6
2.0
7,511
-4,415
11.3
-.2
.9
-. 1
1,768
-331
-2,185
1.2
1.3
-.2
101
108
3,405
3,283
2,959
-.4
5.1
1.0
-.2
6.3
1.0
15.0
2. 1
3.7
.2
2.8
.4
1.6
-7
712
914
242
2.4
2,525
4,100
1,566
705
936
-280
1,061
-1.0
798
330
-
-
-
-
-
-
-322
-222
-116
-1,318
-384
-141
13,002
-1,282
1,701
3,475
316
189
330
-54
270
5,737
2,255
3,482
6,760
7,280
1,909
-5,149
250
42
600
1,353
-909
2,262
-2,911
-156
2,359
-762
3,121
-772
2,672
1,384
1,288
1,549
50
9
481
2,009
6,337
IIF0BMATICH
4.7
6.1
8.1
.6
-14.7
25.6
-. 1
3.2
-1.9
-5.9
114
-4,064
990
1.5
-9.9
7
8
-1,263
-457
1,049
3.7
.9
6.6
*
-.3
6.0
-5. 1
.1
.8
-1,029
986
. 1
.5
11.2
5.5
4
5
6
-,
562
695
4,810
2.8
-.2
2.8
7.7
-.2
4.1
4.5
-.9
-
-1,047
-111
2.9*
1
2
3
-.1
346
825
-3,690
2,492
AND I N C O M P L E T E
7.7
19.0
7.7
163.2
155. 4
750
-
265
511
1,284
-240
-819
1,300
-5,689
TO,088
382
5,709
(1) O . S . net s a l e s , sign r e v e r s e d .
(2) C o r p o r a t e b o n d s i n c l u d e net i s s u e s n y N e t h e r l a n d s A n t i l l e s s u b s i d i a r i e s ,
and O . S . f o r e i g n direct i n v e s t m e n t i s b e f o r e s u b t r a c t i n g r e f l o v s of
c a p i t a l from N e t h e r l a n d s A n t i l l e s s u b s i d i a r i e s 1 f o r e i g n f i n a n c i n g .
3.9
2.7
-4,370
'652
-373
570
1,850
2,171
288
846
.5 29
8.3 30
Sector
4,619
90,901
86,282
-20
-2.
I.
1. 1
1. 1
-1.8
-.2
4.0
.3
-2.6
. 1
.2
11.3
6.2
.6
2.0
.3
1.1
.7
5.6
.9
4.2
.5
33
34
35
36
.3
2.8
1.9
3.3
37
38
.t
.7
.3
39
40
16.3
1.1
-. 1
11.6
3.9
7.7
3.7
41
42
43
44
45
46
47
3. 1
1.5
.9
1.7
7.3
1.6
.1
.5
-.2
1.9
3. 1
5.3
.3
-.2
5.7
1.2
4.5
-.5
10.6
10.2
15.6
.3
.6
.6
-.6
8.9
1.2
7.8
1.3
.7
10.1
2.0
8.2
-.5
.3 30
19.3 31
8.6 32
*
*
14.0
6.0
8.0
.9
NOVEMBEB 2 2 , 1982
State and local G o v t s , and
Foreign
State and L o c a l G o v t s , and
Foreign
13
Sector S t a t e m e n t s of Saving and
SEASONALLY
ADJUSTED
ANNOAL
RATES
SEASONALLY
1978
1979
1980
1981
1
I
1981
1
1977
Investment
Hi
II
State and L o c a l G o v e r n m e n t s
I'
- General Junds
ADJUSTED
ANNUAL
RATES
1982
I
I
II
121
(1)
1
2
3
4
297.7
208. 1
22.1
67.5
327.6
225.7
24.7
77.3
352.0
244.0
27.4
80.5
385.9
267.3
29-9
88.7
416.8
295.3
33.8
87.7
415.2
291.2
33.4
90.6
420.3
299.8
34.2
86.3
421.5
302.8
35. 1
83.6
424.2
305.2
36.0
83.0
434.3
312.4
36.9
85.0
4 4 0 . 6 Total r e c e i p t s , NIA .basis
320.9
Tax r e c e i p t s
37.7
Social i n s u r a n c e r e c e i p t s
82.0
G r a n t s - i n - a i d received
1
2
3
4
5
6
7
269.7
250.4
19.3
297.3
278.3
19.0
321.5
306.0
15.5
357.8
341.2
16.6
385.0
368.0
17.0
382.2
365.0
17.2
386.9
370.1
16.7
392.4
375.7
16.6
396.5
380.4
16. 1
402.2
386.6
15.6
4 0 8 . 1 T o t a l e x p e n d i t u r e s , NIA b a s i s
P u r c h . of goods and s e r v i c e s
392.7
15.4
Net interest and t r a n s f e r s
5
6
7
8
9
10
28.0
15.9
12.1
30.3
20.7
30,4
16.2
14.2
28.1
26.5
31.7
27.3
29.1
24.0
27.7
28.5
32.1
30.3
4.4
32.9
36.4
-3.5
33.5
27.2
1.6
6.3
5.2
-.8
1.8
-9.4
20.0
-6. 1
23.0
-1.4
-15.1
15.4
. 1
-4.0
18.5
-3.6
-4.9
25.9
-10.7
20.4
1.3
6.4
.7
9.1
1.0
-7.4
44.5
-4. 1
11
12
13
14
15
16
17
18
19
20
21
9.6
6.9
2.2
2.7
23.0
23.1
-1.0
24.5
-1.5
-1.0
.8
7.0
1.0
8.1
2.0
-.8
-1.7
4.0
*
21.6
11. 1
12.4
11.3
13.2
11.3
21.5
15.6
9.6
1.7
.6
.6
5.7
5.6
-.7
2.5
8.7
6.8
-.5
6.3
22
1.8
.8
1.5
23
24
25
26
27
28
16.1
15.4
15.2
-2.9
18.1
20.9
19.1
20.7
21.8
20.2
20.0
.6
1.0
.2
20.1
-1.6
29
30
.7
5.3
1.7
7.4
6.6
4.5
.6
9.9
1.0
2.4
2.5
.1
2.9
20.0
12.4
13. 1
8.8
3.6
-.1
7.7
. 1
3.5
-2.2
4.7
4.6
-.4
8.8
-.5
9.5
5.1
4.9
.2
.1
4.3
.5
-1.1
.1
-.7
-.3
22.5
14.8
15.2
30.8
24.3
22.9
31.2
25.6
24.6
51.9
46.9
44.8
44.7
39.2
37.4
4.1
-.4
4.0
1.9
4.2
.4
1.9
6.0
9.3
11.0
22.5
22.7
38.7
28.1
3.0
-.4
1.4
1.0
2.2
1.8
1.6
2.0
6.7
7.4
7.7
6.5
5.6
11.6
11.0
10.5
11.6
I0.3
10. 1
5.0
9.3
5.5
Trade debt
4.5 D i s c r e p a n c y
30.5
23. 1
20. 1
4.8
13.6
16.5
40.8
2.8
58.9
-24.8
31.4
-.2
2.4
-.4
-.8
1.2
-.2
1.1
5.4
-2.3
261.9
264.2
13.3
321.1
307.9
17.6
354.7
337.2
17.9
158.4
J40.4
19.0
355.8
336.8
11.2
3 52.2
341.0
27.2
353.5
326.3
28. 1
357.4
329.3
6.0
6.3
5.5
6.7
7.3
6.9
6.7
16.7
-5.5
17.0
-4.5
17.1
-4.8
17.1
-13.2
17.9
17.4
2.4
4.0
9.2
15.5
5.8
6.9
12.2
2.9
11.9
-6.7
8.5
14.3
-3.0
-1.2
-2.0
1.0
-21.1
15.9
-28.9
-.1
4.2
1.2
20.3
-30.4
26.1
1. 1
-30.2
33.5
-.7
•14.7
76.7
-. 1
1.2
2.3
.3
3.0
-24.5
-7.1
20.2
*
-3.8
-.9
3.0
.8
8.5
2.7
2.4
1.7
5.4
5.8
39.6
31.5
38.0
28.2
-4.6
-14. 1
23.2
10.6
16.6
3.8
4.4
1.9
7.9
2.6
6.9
8.2
4.4
_
-
-
_
-
1.7
3.0
.2
3.6
.8
22
23
24
25
26
-4.2
7.9
7.9
5.3
2.6
8.5
16.1
13.7
19.7
21.3
17.2
4. 1
-1.6
22.2
18.2
13.4
4.7
4.0
14.2
17.9
13.4
4.5
-3.7
27
24.3
56.0
37.1
28
29
.1
1.3
.5
2.4
30
31
32
.4
-.5
.8
13.5
33.8
5.1
4.2
11.9
7.9
4.0
7.1
8.7
10.8
20.2
11.2
8. 1
•8
.9
-3.4
56.2
56.5
63.8
91.5
8.1
2.8
3.3
12.4
3.5
5.5
20.2
2. 1
27.2
27.3
3.9
.8
5.5
11.5
6. 1
33
34
35
36
3. 1
. 1
19.1
2.3
2.7
.3
2.1
9.5
7.4
2. 1
-4.1
37
38
2.4
3.0
6.6
3.9
39
40
.5
8.4
.7
7.2
-.5
-19.8
3.1
-28.7
4. 1
-6.5
-46.7
-30.6
-1.6
-1.8
-17.5
-26.8
6.8
-10.8
4. 1
31.2
-1.2
-3.4
-2.0
-10.3
6.2 - T r a n s f e r s to foreign
16.4 - U . S . Govt, interest paid
- 2 5 . 3 = U.S.current a/c net r e c e i p t s
• Net c o r p o r a t e e a r n i n g s
r e t a i n e d abroad
5.5
19.8 = F g n . current acct. b a l a n c e
<U.S. b a l a n c e , sign reversed)
9
- 1 4 . 6 Net f i n a n c i a l i n v e s t m e n t
-25.2
Net acg. of f i n a n c i a l a s s e t s 10
-1.0
11
Gold and SDR's (J)
-6.4
12
U . S . demand d e p o s i t s
13
4.2
U. S. t i m e d e p o s i t s
14
-60.2
Net i n t e r b a n k c l a i m s
4.7
2.1
2.4
2.8
2.0
17.8
10.3
10.6
-2.0
18.8
9.7
.4
6.0
1.5
9.8
2.9
37.2
17.3
22.5
-2.6
*
3.7
.8
4.3
28.8
37.3
33.9
3.4
-8.5
9.0
4.9
2.5
2.3
4. 1
7.6
10.7
9. 1
1.6
-3. 1
27.1
.3
U.S. corporate equities
C r e d i t market i n s t r u m e n t s
U.S. G o v t , s e c u r i t i e s
U.S. c o r p o r a t e b o n d s (2)
O p e n - m a r k e t paper
15
16
17
18
19
.1
Security c r e d i t
T r a d e credit
20
21
Miscellaneous assets
D i r . investment in U.
Equity, etc.
detained earnings
Other
22
23
24
25
26
Net i n c r e a s e in l i a b i l i t i e s
U.S. off. fgn. exchange
• n e t IMF p o s i t i o n
U . S . private d e p o s i t s
27
8.0
10.6
17.2
12.8
10.4
2.4
4.4
36.2
16.1
-1.6
9.9
-.4
6.3
2.8
7. 1
-1.3
-8.7
.4
16. 1
1.4
.4
.9
11.8
-10.6
35.0
5.3
-1.4
20.3
3.9
.1
20.8
11.3
-.9
16.4
3.0
6.5
1.2
.4
4.9
8.3
2.3
-.4
6.4
-3.8
3.3
-15.7
8.6
-5.8
-2.6
14.6
-17.8
4.7
2-8
-8.0
9.9
-14.1
1.3
-13.9
-1.5
6.3
3.7
-1.1
4.2
-4.5
4.2
4.5
4.7
2.3
11.2
10. 1
13.9
2.9
4.7
4.3
19.2
3.9
4.2
4.0
10.1
3.2
16.4
2.8
-.3
1.5
1.7
.2
-1.3
-.9
-.5
-5.3
20.1
27.6
14.6
.6
.8
.7
-.3
48.1
1.3
.8
23.2
9.2
13.9
22.9
11.5
1.3
-.2
9.3
.3
9.0
1.1
7.4
1.1
-.6
6.8
-5.7
12.5
.2
-. 1
1.0
.2
9.4
4.2
5.2
-10.6
2.2
2.4
-1.3
.2
6.6
1.4
5.1
-6.8
6.2
1.0
5.2
-7.7
13.5
19.1
29.9
40.2
-14.9
34.4
*
26.6
21.9
7.3
20.6
1. 1
-.2
12.3
5.1
6.4
4.4
7.6
4.9
-.6
11.3
19.0
13.0
-3.8
3.6
.2
17.0
-7.8
7.4
29
30
sector.
- 2 . 7 Net U . S . export r e c e i p t s
,on
339.1
"•
U . S . export r e c e i p t s
U . S . import p a y m e n t s
341.8
-13.4
-23.5
. 1
7.5
6.2
2.4
*
*
Foreign corporate equities
C r e d i t market i n s t r u m e n t s
C o r p . and foreign b o n d s
Bank
To
To
To
B I L L I O N S OF D O L L A R S .
HI/82
BASED ON I N C O M P L E T E
INFORMATION.
28
29
30
31
32
loans n. e. c.
foreign o f f i c i a l
foreign banks
other f o r e i g n
33
34
35
36
Bankers acceptances
O.S. G o v e r n m e n t l o a n s
37
38
Security debt
T r a d e debt
39
40
Miscellaneous liabilities
U.S.equity in I B R D , etc.
U.S. Govt, deposits
U.S. dir. inv. abroad(2)
Equity, etc.
Retained e a r n i n g s
Other
41
42
43
44
45
46
47
Discrepancy
(1) U . S . net s a l e s , sign reversed.
(2) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e s s u b s i d i a r i e s ,
and U . S . f o r e i g n direct i n v e s t m e n t i s b e f o r e s u b t r a c t i n g r e f l o w s cf
c a p i t a l from N e t h e r l a n d s A n t i l l e s s u b s i d i a r i e s * foreign financing.
23
24
25
26
27
28
Sector
12.5
-5.3
5.1
Net i n c r e a s e in l i a b i l i t i e s
C r e d i t market b o r r o w i n g
State+local o b l i g a t i o n s
Short-term
Other
U.S. Government l o a n s
10.0
Employ ee r e t i r e m e n t i:uuds are i n i n s u r a n c e
11. 1
-18.4
. 1
15.7
receivable
18.2
7
8
*
3.9
1.2
4.5
8.7
11.5
5.5
-1.2
3.9
-23.6
41
42
43
44
45
46
47
22
.3
-.7
6.3
17.2
4.1
5.5
*
Taxes
7.1
.9
-18.5
-7.9
16
17
18
19
20
21
40.4
36.7
32.6
.2
4
5
6
3.7
2.1
1.6
Credit market i n s t r u m e n t s
0.S. Govt, s e c u r i t i e s
Treasury i s s u e s
Agency i s s u e s
State+local o b l i g a t i o n s
Mortgages
.3
2.1
45.2
42.6
37. 1
19.0
-8.8
176.3
185.1
20
21
11
12
13
14
15
29.1
22.3
21.1
1
2
3
15
16
17
18
19
Net acq. of f i n a n c i a l a s s e t s
Demand d e p . and c u r r e n c y
Time deposits
Security R P * s
19.3
13.7
13.4
(')
9
10
11
12
13
14
2.9 Net f i n a n c i a l i n v e s t m e n t
47.6
-9. 1
16.2
29.4
27.3
26.4
3. 1
23.3
Foreign
-10.3
206.9
217.3
5.4
-1.3
8
9
10
20.2
12.9
10.8
. 1
-.9
-. 1
3 2 . 5 Net s u r p l u s , NIA b a s i s
25.1 - Retirement c r e d i t t o HH
7.4 = G r o s s saving
NOVEMBER 22, 1982
O.S. Governaent and credit Agencies
O.S. Governaent and Credit Agencies
Sector Stateaents of Saving and Investaent
ONADJOSTEO NET J LOWS ($ HILL)
ONADJOSTED NET FLOWS ($ HIIL)
1981
III
IV
1982
II
|
BILLIONS OF DOLLARS
1973
1974
1975
III
0. S. Governaent
1 Total receipts, NIA basis
2
Personal taxes
3
Corp. profits tax accruals
4
Indirect taxes
5
Social insurance receipts
171,817 159,486 147,428 147,253 168,623 15i,380
84,160 78,851 71,424 67,154 85,666 75,495
17,342 17,351 14,670 10,711 12,124 12,670
15,532 14,432 14,582 11,707 12,735 12,716
54,783 48,852 46,752 57,681 58,098 51,499
227.5
108.2
36.6
20.0
62.7
258^6
114.7
43.3
21.2
79.5
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
1
2
3
4
5
6 Total expenditures, NIA i)asis
7
Goods and services
8
Transfers, etc.
9
Net interest
166,271 172,716 182,296 184,812 183,414 189,191
53,863 56,947 64,114 62,257 60,325 63,511
94,931 97,658 98,742 102,322 101,826 103,937
17,477 18,111 19,440 20,233 21,263 21,743
244.3
101.7
128.2
14.4
264.2
102.0
144.3
18.0
299.3
111.0
167.7
20.7
356.6
122.7
210.8
23.1
384.8
129.2
228.9
26.8
6
7
8
<9
5,546 -13,230 •34,868 -37,559 -14,791 •36,811
2,061 12,100
1,273 11,184
393 -2,755
4,273 -24,414 •35,261 -34,804 -16,852 •48,911
1,311
803
2,254
1,728
3,774
1,882
6,001 -20,640 •33,379 -32,550 -15,541 •48,108
-16.8
-5.6
-11.5
-69.3
3.1
2.3
2.9
3.8
-20.0
-7.9
-14.4
-73.1
-53. 1
4.7
-57.8
4.0
-53.8
10
11
12
13
14
-58.6
21.3
2.5
3.8
.2
15
16
17
18
19
7.9
.4
7.5
20
21
22
23
10
11
12
13
14
Net surplus, NIA basis
- Insurance credits to hh
= Gross saving
• Hineral rigiits sales (1)
= Nonfinancial surplus
15 Net financial investment
16
Net acq. of financial assets
17
Gold, SDB's • fgn. exch.
18
Deaand deposits + currency
19
Tiae deposits
20
21
22
23
Credit aarket instrunents
Fed- agency securities
Mortgages
Other loans
24
25
26
Taxes receivable
Trade credit
Miscellaneous
39,196 -33,870 -18,098 •45,660
-2,411
2,675 -2,986 25,316
1,175
-420
172
470
-6,133
1,543 -1,765 17,760
159
-12
129
22
1,873 -15,658
-5,50 1 14,632
1,526
861
-3,339
6,425
-66
-90
7,354
4,824
4,262
3,278
6,214
5,413
1,538
5,816
733
4,09 1
1,293
2,969
573
2,705
1,736
4,478
-12,243
762
505
1,698
638
276
-1,314
500
114
3.2
6.5
1.3
-19. 1
-4.7
-7.9
-71.8
-19.3
-6. 1
-7.2
4.7
7.0
1.4
-74.4
16.4
.9
-.6
-.3
-.8
. 1
*
-1.9
-.2
-4.6
*
.7
2.7
. 1
3.9
9.4
13.4
985
4,428
1.8
•
-.7
2.5
- . 6*
3 . 8*
6.5
4.5
5.7
6.9
-3,762 •10,971
725
1,602
600
292
1,942
540
59
-.7
-.8
-1
1.6
.3
.9
-.2
1.0
-2.3
*
1.2
.7
5.6 24
. 5 25
1.0 26
27
28
Net increase in liabilities
Treasury curr. + SDR ctfs.
-7,374
349
34,290
358
36,785
128
36,545
354
15,112
337
70,976
471
18.7
10.8
14.3
90.9
.5
.4
.4
.9
29
30
31
32
Credit aarket instruaents
Savings bonds
Other Treasury issues
Agency issues and ntgs.
-2,607
-1,132
-1,289
-186
18,454
-924
19,468
-90
35,695
-109
35,894
-90
32,722
-695
33,999
-582
9,351
-53
9,081
323
58,224
147
57,568
509
15. 1
11.8
85.4
3.0
9.0
-.2
81.8
.8
8.3
2.7
5.2
.4
33
34
Life • retirement reserves
Trade debt
1,273
241
11,184
454
393
-201
770
-2,755
256
5,968
2,061
322
3,041
12,100
-76
257
3.1
2.3
-. 1
2.9
-.8
5,817
1,320
2,557
-2,448
.2
1.3
-.7
2.7
4 . 8 36
15,984
14,473
23,095
10,728
37.3
41.7
45.3
45.9
49-0 37
5.1
•
-.3
4.7
*
.3
2
3
4
4-5
1.5
.1
4.7
1.5
*
5
£
7
35
Miscellaneous
36 Discrepancy
-6,630
4,123
29,585
3,840
-982
15,653
3.3
11.0
*
. 1
-.4
*
4.0
-.4
3.8
1.4
-.7
80.0 27
1.2 28
69.0
4.7
64.5
-. 1
29
30
31
32
4.7 33
4. 1 34
. 9 35
37 Meao: Corp. tax receipts, net
Shelf
leases.
(1) Sales of Outer Continental
Federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
1 Current surplus
2 Net acq. of financial assets
3
Deaand deposits and currency
4
Fed. funds • security RP's
10,345
-52
-195
16,270
76
2,391
4,805
263
269
2,853
-202
-154
9,435
-10
1,352
7,553
92
4,307
3.9
18.7
. 1
18.0
.4
2-3
-1.0
5
6
7
Credit aarket instruments
O.S. Government securities
Open-market paper
10,966
214
33
13,323
-24
102
3,386
311
284
2,901
-138
-254
8,181
439
54
3,145
1,008
-240
4.0
1.2
.4
15.5
20.8
*
.4
.9
8
9
10
Housing credit
Residential aortgages
FHLB loans to s+1 assns.
7,484
564
6,920
10,657
2,405
8,252
2,582
1,735
847
2,251
1,283
968
5,755
2,519
3,236
2,064
3,820
-1,756
2.9
2.8
12.5
3,235
2,250
-872
1,857
-374
2,588
1,823
72
693
480
209
1,555
182
-1,528
887
1,042
1,415
449
-822
308
1,933
1,243
-920
1,610
-88
313
834
-811
290
9
1.9
1.2
.3
.4
-.4
3.2
1.9
.3
.8
-1.8
9,997
9,583
9,583
16,126
13,485
13,485
4,907
3,561
3,561
2,623
1,782
1,782
8,888
8,362
8,362
7,202
5,188
5,188
3.8
3.5
3.5
18.5
16.3
16.3
17.6
17.3
16.6
414
2,641
1,346
841
526
2,014
-. 3
2.2
-
-39
69
371
17
-344
-138
.1
11
12
13
14
15
Loans to agriculture
Faxa mortgages
Loans to coops (BC)
Loans to farmers (FICB)
Miscellaneous assets
16 Net increase in liabilities
17
Credit aarket instruments
18
Sponsored agency issues
19
U.S. Government loans
20
Miscellaneous liabilities
21 Discrepancy
*
-.2
*
14.3
7. 7
-1.2
6.7
-4.0
5.2
2.5
1.0
1.7
4.1
2.6
.4
1.1
.9
4.8
2.5
1.0
1.3
-.2
11
12
13
14
15
.7
.3
4.8
3.2
2.3
.9
1.6
4.3
2. 1
2.5
-.4
2.3
16
17
18
19
20
.2
.1
.3
4.9
4.3
.3
.3
3.6
3.2
.2
.2
3.4
3.3
.2
*
5.3
7.2
1. 1
2.8
-1.6 8
.4 9
- 2 . 0 10
. 3 21
Federally sponsored mortgage pools (1)
22 Net acq. of aortgages
23
Hoae aortgages
24
Multi-faaily mortgages
25
Fara aortgages
3,5Sll
3,555
3,519
3,274
4,607
4,103
137
-101
277
-32
508
-4
8,640
7,682
1,079
-121
8,622
12,598
7,723
11,146
1, 11 1
1,544
-92
-212
26 Net incr. in pool securities
3,591
3,519
4,607
8,640
8f622
12,598
Meao: T o t a l s f o r a g e n c i e s and p o o l s
Housing c r e d i t
11,176
Loans t o a g r i c u l t u r e
3,134
14,208
2,556
7,193
205
11,012
921
14,589
1,721
14,754
221
7.4
2-2
15.9
3.5
13,174
17,004
8,168
10,422
16,984
17,786
8.4
19.9
27
28
29 Net s e c u r i t y
(1)
issues
FNMA, GNMA, FHLMC, and F a r m e r s Homo A d m i n i s t r a t i o n
pools.
Excludes
Federal Financing Bank holdings, which are in O.S. Governaent
aortgages and other loans.
111/82 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION
7. 1
7.3
.4
-.6
12.2
11.9
.5
-.2
17.8
5. 1
6.5
3.5
10.8 27
4.6 28
20.0
9.4
14.6 29
*
22
23
24
25
NOVEMBER 22, 1982
U.S. Government and Credit Agencies
U.S. Government and Credit Agencies
15
Sector Statements of Saving and Investment
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL EA1ES
1981
J
II
1981
III
IV
1982
II
|
U.S. Government
1
2
3
4
5
375.2
170.1
61.6
25.0
118.5
431.6
194.9
71.3
28.1
137.2
493.6
230.6
74.2
29.4
159.5
540.7
257.5
70.3
38.9
174. 1
628.2
298.1
67.3
58.5
204.3
627.0
297.0
65.6
61.5
202.8
640.2
307.9
68.4
57.8
206.1
625.7
300.9
59.1
57.2
208.4
609.9
299.9
46.5
48.7
214.9
617.0
305.8
45.2
49.8
216.2
613.3 Total receipts, NIA i:asis
295.6
Personal taxes
49.4
Corp. profits tax accruals
50.8
Indirect taxes
217.5
Social insurance receipts
1
2
3
4
5
6
7
8
9
421.1
143.4
248.5
461.0
153.6
272.3
35.2
509.7
168.3
299.0
42,4
602. 1
197.2
351.8
688.2
228.9
387.4
71.9
667.5
218.2
381.0
68.3
698.2
230.0
394.2
74.0
727.4
250.5
397.9
79.0
728.3
249.7
399.0
79.6
736.6
244.3
409.5
82.8
766.4 Total expenditures, NIA basis
256.4
Goods and services
Transfers, etc.
421.1
Net interest
88.9
6
7
8
9
10
11
12
13
14
-45.9
-29.5
7.2
-36.7
2.0
-34,7
-16.1
8.2
-24.3
4.7
-19.5
-61.4
-60.0
tO. 2
-70.2
-40.5
-58.0
18.3
-76.3
15.1
-61.2
-101.7
-118.4
-49. 4
-119.6
12.9
-132.5
7.5
9.0
5.2
-102.4
-115.8
-127.3
-76.4
22.6
-122.9
11.3
-115.9
10.9
-126.4
.7
5.0
1.9
3.9
4.7
20.2
-26.2
29. 1
6.6
-52.5
2.5
-50.1
53. 1
8.8
-70.2
8-9
5.0
4.8
6.9
-65.2
-65.3
-42.5
-49.2
-11.0
6. 1
-35.8
8.3
6.4
-109.9
-124.8
15
16
17
18
19
-55.8
8.6
.4
-.5
.1
-38.6
24.8
-2.3
3.7
.1
-25.5
21.4
-.6
.2
.1
-64.7
24. 1
-77.9
23.0
4.4
4.0
-.2
-.1
-.3
3.4
2.8
-.4
20
21
22
23
10.0
17.1
19.0
23.7
24.2
25.3
20.5
21.8
4.2
5.8
4.2
12.8
6.6
12.4
-
4.9
-
2.9
-
6.1
16.2
19.2
19.6
17.6
24
25
26
-1.4
-.8
.7
2.8
2.7
.8
-.5
2.4
.8
-4.9
-8.4
-11.4
-7.5
3.8
.5
2.5
.8
3.0
2.0
27
28
64.4
.3
63.5
.5
46.9
1.6
88.8
100.9
1.3
1.2
29
30
31
32
56.8
4.7
52.9
-.9
53.7
3.9
51.2
-1.4
37.4
-.8
39.6
-1.4
79.2
-7.3
87. 1
33
34
35
6.6
1.6
-.9
7.2
2.3
-.3
8.2
1. 1
-1.3
36
5.8
3.9
6.0
37
63.0
68.5
74.7
-
-
-
-3.2
*
-
*
-
.5
.6
10.3
20.6
-153.1
19.0
-172.1
3.2
-168.9
-178.3 Net financial investment
63.9
Net acg. of financial assets
Gold, SDB's • fgn. exoh.
-1.7
46.8
Demand deposits • currency
.1
Time deposits
Credit market instruments
Fed. agency securities
Mortgages
Other loans
20
21
22
23
-7. 1
2.2
.2
Taxes receivable
Trade credit
Miscellaneous
24
25
26
-»
6.5
15.7
14.0
-18.6
-26. 1
-4.6
2.6
1.1
2.0
.5
2.9
1.2
6.4
2.4
38.2
99.1
134.2
126.7
130.3
1.4
1.4
.5
1.4
1.3
242.2
1.9
87.4
-4.3
92.2
52.5
-3.6
56.8
62.7
-5.3
68.4
123.0
-3.7
127.1
94.8
-.6
-.5
-.7
-.4
-.4
10 1.4
.9
99.3
1.3
221.2
-1.4
220.5
2.0
8.8
1.4
10.2
18.3
-1.9
1.0
1.0
8.9
2.0
-26.5
15.4
8.3
-.7
3.1
12.9
2.4
12.2
19.0
-.9
1.0
-.5
12.6
6.7
15.3
20.5
.1
-.9
75.1
75.7
77.1
75.S
77.7
72.6
49.8
5.7
1.3
1.9
95.2
-2.3
6.4
.3
23.9
-
15
16
17
18
19
4.2
19.2
23.4
1.5
8.9
7.5
10
11
12
13
14
Net surplus, NIA basis
- Insurance credits to hh
= Gross saving
• Mineral rights sales (1)
= Nonfinancial surplus
-
Net increase in liabilities 27
Treasury curr. • SDR ctfs. 28
Credit market instruments
Savings bonds
Other Treasury issues
Agency issues and mtgs.
29
30
31
32
Life + retirement reserves 33
Trade debt
34
Miscellaneous
35
9.4 Discrepancy
36
56.5 Memo: Corp. tax receipts, net
37
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
.9 Current surplus
2
3
4
7.4
. 1
.2
1.4
30.7
. 1
.6
28.4
. 1
1.8
3 5.2
.1
3.4
41.3
-. 1
-.8
63.9
.5
9.6
17.4
.4
1.1
15.3
-.4
-.6
38.0
. 1
5.4
27.8
,.5
17.2
et acg. of financial assets
Demand deposits and currency
Fed. funds • security RP»s
31.0
.4
.3
41.9
-1.2
. 1
52.2
5.5
.4
14.3
.7
1.1
14.2
-3.2
-1.0
30.9
-.7
.2
10.4
9.8
-1.0
Credit market instruments
U.S. Government securities
Open-*market paper
2 8.4
*
5
6
7
6.3
-3.8
.2
26.3
.6
-1.2
29.4
.2
. 1
25.3
.7
8
9
10
4.9
.5
4.3
21.5
9.0
12.5
18.5
9.4
9.2
14.9
7.8
7. 1
21.2
5.0
16.2
32.3
4.3
28.0
35.3
10.1
25.2
7.5
6.3
1.2
17.1
3.1
14.0
25.9
12.4
13.5
-.3
15.9
-16.2
11
12
13
14
15
5.0
2.9
.6
1.4
.9
5.4
3.2
.7
1.5
.6
10.5
5.0
2. 1
3.3
.6
9.6
6.3
1.5
1.9
1.3
9.1
7.6
-.3
1.8
.7
10.7
7.7
-.4
3.4
.2
11.0
8.0
.2
2.8
1.6
4.9
7.6
-1.4
-1.3
1.6
1.4
4.8
.9
-4.3
2. 1
5.5
3.5
1.8
4.2
-3.7
1.3
-.4
16
17
18
19
20
7.1
5.8
7.0
-1.2
1.3
27.8
23.1
23.1
30.1
24.3
24.3
28.1
24.4
24.4
34.7
30.1
30. 1
40.3
38.4
38.4
63.4
53.0
53.0
17.1
13.5
13.5
14.6
9.1
9. 1
36.3
33.8
33.8
4.8
-
5.9
-
3.7
-
4.6
-
1.9
10.4
3.6
5.5
2.5
21
.4
.5
.7
.8
.6
.3
.4
.8
.3
-1.0
22
23
24
25
16.1
15.7
13.6
12.4
23. 1
21.8
19.2
18.7
16.6
16.5
12.3
11.4
16.6
14.6
36.2
32.4
36.7
33.1
.9
-.5
1.5
-.3
1.2
.1
.7
-.2
.5
-.4
1.1
-.1
2.0
4.3
-.5
4.4
-.8
*
*
2.0
1.6
Residential mortgages
9
FHLB l o a n s to s*l a s s n s . 10
L o a n s to a g r i c u l t u r e
Farm m o r t g a g e s
L o a n s t o c o o p s (BC)
L o a n s to f a r m e r s (FJECB)
Miscellaneous assets
U.S. Government loans
Miscellaneous liabilities
*
mortgage pools
21.5
4.5
35.4
5. 1
41.5
10.6
34.3
9.4
36.3
9.0
49.3
10.3
47.8
10.9
24.1
4.9
53.8
.9
63.5
4.6
55.0
65.4
30.1
45.3
70.4
C)
FNMA, GNMA
Memo: T o t a l s f o r a g e n c i e s and p o o l s
48.5
Housing c r e d i t
1.5
Loans t o a g r i c u l t u r e
6 7 . 4 Net s e c u r i t y i s s u e s
FHLMC, and F a r m e r s Homo A d m i n i s t r a t i o n p o o l s .
111/82 BASED ON INCOMPLETE INFORMATION.
22
23
24
25
securities
Excludes
Federal Financing Bank holdings, which are in U.S. Government
mortgages and other loans.
BILLIONS CF .D0L1ARS.
16
17
18
19
20
(1)
4 8 . 4 Net a c q . of m o r t g a g e s
42.6
Home m o r t g a g e s
6.2
Multi-family mortgages
-•4
Farm m o r t g a g e s
4 8 . 4 Net i n c r . in pool
27
28
11
12
13
14
15
.5 Discrepancy
-.5
Federally sponsored
15.0
14.1
1. 1
-. 1
d
Housing credit
26.4 Net i n c r e a s e in l i a b i l i t i e s
Credit market instruments
19.0
S p o n s o r e d agency i s s u e s
19.0
7.5
5
6
7
27
28
29
NOVEMBER 2 2 , 1982
Banking System
Banking
S e c t o r S t a t e m e n t s of Saving and
0JADJ0S2IE
NET FLOWS
($
HILL)
ON A D J U S T E D NET FLOWS
1981
III
IV
1982
II
|
B 2 L L I C N S OF DOLLARS
1973
1974
1975
III
Monetary
1 Current
($ HILL,)
1976
Authority
surplus
2,066
-629
403
-755
354
5,062
-862
410
305
1,476
5,716
-438
165
-1,049
-885
-4,905
-178
-496
120
1,045
571
-174
297
663
-1,008
7,928
344
405
-1,978
-515
2.2
-.4
.7
-.4
1.9
8. 1
-.2
.4
-.9
-.7
6.5
. 1
.5
-1.1
-1.0
11.2
.1
1.0
1.7
-. 1
1,531
1,889
1,974
-85
-298
4,280
4,280
4,313
-33
7,552
7,357
6,624
733
195
-5,371
-5,664
-5,365
-299
293
835
1,323
1,416
-93
-488
9,149
8,336
7,388
948
813
.3
.4
-.3
.7
-.2
9.2
9.3
8.6
.7
6.2
5.2
2.0
3.2
.9
8.5
8.4
7.4
1.0
. 1
1,102
-547
371
-25
-42
523
*
-
*
14 Net i n c r e a s e in l i a b i l i t i e s
15
Member b a n k r e s e r v e s
16
Vault c a s h of c o i l , b a n k s
1,957
•2,538
1,261
4,943
3,617
636
5,595
-2,015
-562
-5,019
1,129
181
455
-6,159
1,254
7,817
120
278
2.1
-2.1
1. 1
8.0
1.4
2.0
17
18
19
20
D e m a n d d e p o s i t s and c u r r e n c y
Due to O . S . G o v e r n m e n t
Due to f o x e i g n
Currency outside banks
21
Miscellaneous liabilities
2,719
-125
-60
2,904
515
401
576
33
-208
289
8,571
768
183
7,620
-399
-5,601
-1,395
-132
-4,074
-728
5,595
1,209
179
4,207
-235
7,318
6,839
-219
698
101
3.2
•1. 1
-. 1
4.4
-. 1
2 Net a e g . of f i n a n c i a l a s s e t s
3
Gold and f o r e i g n e x c h a n g e
4
T r e a s u r y c u x r . • SDB c t f s .
5
f e d e r a l JReserve f l o a t
6
P . £ . l o a n s to d o m e s t i c b a n k s
7
8
9
10
11
12
13
System
Investment
C r e d i t market i n s t r u m e n t s
O.S,. G o v e r n m e n t s e c u r i t i e s
treasury securities
Agency i s s u e s
Acceptances
Bank l o a n s n . e . c .
Miscellaneous assets
-
*
.3
1.8
6.4
-1.2
1.0
11.0
.2
.6
3.4
-.5
-. 1
3.9
1.2
7.0
.4
.2
6.3
-.3
10.6
4.5
4.3
2.3
*
6.2
-.5
9.8
.1
1.4
-1. 1
-.2
2
3
4
5
6
9.8 7
10.0 8
9. 1 9
.9 10
-.1 11
- 12
-.2 13
9.8 1-4
-. 9 15
-. 1 16
10.5
3.1
.2
7.3
.3
17
18
19
20
21
Commercial Banking (1)
2,295
2,905
2,426
2,764
3 Net acg. of financial assets
Demand deposits and currency
4
45,240
101
45,334
383
5
6
7
8
37,218
1,353
-203
1,562
1 Current surplus
2 Plant and equipment
Total bank credit
O.S. Govt, securities
Treasury issues
Agency issues
9
10
State • local obligations
Corporate bonds
11
12
13
14
15
16
Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Security credit
17
18
19
Corporate equities
Vault cash • mem. bank res.
Miscellaneous assets
20 Net increase in liabilities
21
Checkable deposits
22
O.S. Government
23
Foreign
24
Private domestic
2,79 1
3,234
4.5 1
4. 1 2
3,203
2,658
2,436
3,073
2,997
2,574
4.3
4.3
4.6
5.8
4.6
5.4
38,475
406
15,505
344
25,106
475
26,292
421
78.5
.2
88.0
.3
70.7
-.2
34.4
. 1
71.2
-.2
34,143
1,050
-2,968
4,018
37,016
3,680
1,613
2,067
11,401
4,858
3,596
1,262
24,656
-460
-2,752
2,292
23,826
3,196
1,053
2,143
75.1
6.5
2.4
4.1
81.3
-1.3
-8.9
7.6
64.6
.7
-2.9
3.6
31-5
30.0
28.6
1.4
66.3 5
20. 2 6
18.7 7
1.5 8
877
-29
2,763
-410
2,587
323
-479
118
-1,252
457
1,337
49
7.2
1.3
5.7
*3
5.4
1.0
1.8
1.8
3.0 9
-. 6 10
35,029
6,491
2,600
21,056
1,584
3,298
30,738
7,901
3,669
21,136
-1,061
•907
30,442
5,500
2,879
17,221
610
4,232
6,897
3,729
-2,212
9,099
2,136
-5,855
25,914
4,657
854
2 1,820
-2,529
1,112
19,244
4,320
1,653
11,813
324
1,134
76.5
19.8
12.6
48.8
-1.3
-3.4
57.5
12.8
3.4
41.3
60. 1
16.8
12.7
26. 1
-.2
4.8
*
*
2.2
-2.2
*
-12
2
-16
7
-3
-
-1,277
9,198
4,253
6,555
-2,577
3,630
1,310
2,450
-4,905
4,880
398
1,647
-1.0
4.3
3.5
3.0
-.3
6.5
43,478 38,403 18,287
222 16,374 -21,588
2,554 -8,757
2,066
381 -4,095 -3,047
-2,7 13 29,226 -20,607
24,571
415
-1,539
1,216
73 8
34,063
5,145
8,747
-1,666
-1,936
76.6
20.9
.7
1.7
18.5
85. 1
12.7
-1.0
3.0
10.8
43,541
9,779
6,787
2,040
952
-2.1
3.8
3. 1
-12^2
1.1
2. 1
*
43.7
15.1
12.0
6.2
3.7
6.6
3
4
11
12
13
14
15
16
* 17
.8
2.0
-1.0 18
6. 1 19
68.3
-.2
-5. 1
2.6
2.3
32.6
7.6
-1.7
-.3
9.6
69.4 20
13.4 21
-. 1 22
3.0 23
10.4 24
25
Small time and savings dep.
4,427
10,099
17,052
19,426
11,606
9,273
24.7
10.5
14.6
39.3
56.9 25
26
27
Large time deposits
Fed. funds and security BP»s
16,078
609
19,431
1,497
12,801
5,928
-96
4,285
9,525
424
15,540
9,165
17.8
1.6
40.2
16.2
42. 1
-1.9
-9.3
3.5
-17.6 26
13.6 27
28
29
30
31
Net interbank claims
lo Federal Beserve
To domestic banks (2)
To foreign banks
8,108 -19,198
2,992
-40 1
1,781 -1,934
948 -1,504 -2,864
2,445
7,831 -14,400
6,650 - 4 , 2 5 2 - 1 1 , 8 1 2
1, 165
-345
-2,493
-190
7,208
1,785
-1,723 - 5 , 6 9 2 -9,129
-3.8
1.6
-4.6
-.7
-3.7
-1-6
.6
-2.7
.2
-2. 1
2.5
-.2
-12.0
1.6
-3.8
-9.9
32
33
34
35
Corporate equity issues
Credit market debt
Corporate .bonds
Open-market paper
117
3,600
510
3,090
125
3,609
-143
3,752
132
1,228
878
350
139
1,630
-45
1,675
1.2
3.2
.9
2. 2
1.0
4.6
1. 1
3.5
1.0
.8
.5
.3
1.6 32
6. 1 33
6.9 34
-.8 35
36
37
Profit taxes payable
Miscellaneous liabilities
-59
5,998
-48
435
-67
4,153
. 1
4.7
. 1
7.7
-.3
2. 1
- 36
3.4 37
-2,309
-2, 194
-515
35,048
32,800
38 Discrepancy
39 Memo:
Credit mkt. funds adv.
33,932
146
3,239
-143
3,382
153
-3,549
782
-4,331
3,589
-199
3,243
-1
984
-.2
10.7
-958
-1,596
-971
-2.0
17,249
23,547
22,692
70.3
-33
(1) C o n s i s t s of 0. S.-chartered c o m m e r c i a l b a n k s , t h e i r d o m e s t i c a f f i l i a t e s .
E d g e Act c o r p o r a t i o n s , a g e n c i e s and b r a n c h e s of foreign b a n k s , and b a n k s
in O . S . p o s s e s s i o n s .
Edge Act c o r p o r a t i o n s and o f f i c e s of foreign b a n k s
a p p e a r t o g e t h e r in t h e s e t a b l e s as "foreign banking o f f i c e s . "
(2) f l o a t s and d i s c r e p a n c i e s in i n t e r b a n k d e p o s i t s and
111/82
BASED ON P H E L I M I N A B Y
AND I N C O M P L E T E
INFOBMATION
loans.
1. 2
3.7
3. 1
.7
-4. 1
-3.2
84.6
66.8
-8.0
-1.3
-.9
-5.9
28
29
30
31
.1
-1.4 38
29.4
59.6 39
NOVEMBER 2 2 , 1982
Banking System
Banking Systen
17
Sector Statements of Saving and Investment
SEASONALLY ADJOSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNOAL BATES
1
1978
1977
1979
1980
1981
1
I
1S81
III
II
IV
|
1982
I
II
III
Monetary Authority
1
.2
.7
.2
.2
.4
.4
.5
.5
.5
.5
2
3
4
5
6
8.6
13.3
10.9
7. 1
8.2
.7
1.7
.3
.3
18.8
-3.4
11.2
-1.8
6.2
-.7
-6.5
1.6
.6
2.7
.9
-2.6
-2.5
1.6
1.5
3.6
.7
-2.0
-12. 1
-3.6
8-8
5.6
-2.2
30.0 Net acg. of f i n a n c i a l a s s e t s
Gold and foreign e x c h a n g e
1.4
T r e a s u r y c u r r . • SD£ ctfs.
1.6
-8.6
F e d e r a l Reserve float
-5.0
F.R. l o a n s to d o m e s t i c banks
7
8
9
10
11
12
13
7. 1
26.5
26.3
23.3
-5.5
-7.9
-6.7
-1.2
-7.6
-5. 1
-4.7
38.4
35.4
31.6
-.4
*
-.6
7.0
7.3
7.7
-.4
-.4
14
15
16
8.3
1.7
1.8
17
18
19
20
21
*
.6
1.2
.2
7.2
5.8
1.4
2.6
1.5
1.4
1.6
-2.3
-2.7
-3. 1
.4
-.2
2.5
7.7
7.6
6.9
.7
.1
4.5
4.4
3.9
.6
-5.5
-3.6
-3.2
. 1
9.2
9.8
9.6
.1
-.6
.5
.2
.5
.5
4.4
12.6
10.6
-1.4
6.9
7.8
-2.3
18.3
17.7
1.3
-2.2
-1.2
-3.0
-9.0
3.0
3.6
9.0
10.9
1.3
-1.1
1.2
.1
9.5
.3
-5.4
4.4
1.5
4.9
6.3
-3.3
-3.1
.1
9.3
.5
*
8.3
-.1
8.2
.1
.1
7.9
.9
-.2
10.3
-1. 1
*
17.7
17.7
17.8
-. 1
-.3
-1.9
2.5
-2.5
3-8
3.1
1.5
-.1
-.2
2.1
10.7
-9.0
-13.4
5.7
1.5
-7.0
-24.0
.6
16.5
3.3
-1.6
-1.3
-5.9
33-8
11.4
-9.6
-1.3
15.8
.3
-.1
3.1
.5
27.3
19.5
.3
4.4
1.2
22.1
-.7
-8.2
-2.7
12.2
-2.2
*
-2.2
-.4
7. 1
1.0
Commercial . Banking
2.9
.2
-.7
1.2
2.9
.4 C u r r e n t s u r p l u s
-
1
Credit market i n s t r u m e n t s
U.S. Government securities
Treasury s e c u r i t i e s
Agency i s s u e s
Acceptances
Bank loans n . e . c .
Miscellaneous assets
29.5 Net i n c r e a s e in l i a b i l i t i e s
Member bank r e s e r v e s
3.3
Vault c a s h of c o m l . b a n k s
-.7
8.5
.6
Demand d e p o s i t s and c u r r e n c y
Due to 0. S. G o v e r n m e n t
Due to foreign
Currency outside banks
Miscellaneous liabilities
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
(D
1
2
5.3
6.7
6.7
8.7
7.9
10.3
9.4
11.3
10.6
11.2
9.5
11.6
10.3
11.1
12.2
12.9
10.6
10.6
10. 1
12.3
12.7 Current surplus
10.3 Plant and equipment
1
2
3
4
97.4
.5
143.9
.3
132.6
.7
107.4
.6
134.3
* 1.0
159. 1
.4
166.6
1.5
102.8
1.6
155.0
1.4
79.7
1.9
85.4 Net acg. of financial assets
1.7
Demand deposits and currency
3
4
5
6
7
8
89.9
-1.1
-1.9
.8
125.9
.5
-6.5
7.0
120.3
7.9
.4
7.6
100.5
25.6
15.S
9.7
108.7
11.7
1.9
9.8
138.5
10. 6
4.9
5.7
111.8
3.4
-12.5
15.9
96.3
6.6
.4
6.3
136.8
23.7
15.8
7.9
91.7
3. 1
-5.5
8.6
65.4
10.9
2.6
8.3
5
6
7
8
9
10
9.2
9.6
-.3
9.5
-. 1
13.6
.6
5.0
3.3
-.1
5.0
-1.6
8.2
1.3
7.6
.5
-4.6
1.8
-1.7
.2
State • local obligations
Corporate bonds
9
10
11
12
13
14
15
16
81.9
27.7
22.3
29.5
.3
2.2
116.1
35.1
26.2
59.0
-1.3
-2.S
102.8
30.6
19.9
51.0
2.2
-.9
60.7
17.8
-6.2
46.5
1.8
.8
92.1
23.6
5.4
57.0
.8
5.3
124.8
25.3
9.5
83.3
6." 9
105.1
25.5
5.7
76.3
-3.6
1.3
80.3
21.2
8.5
38.8
3.3
8.5
105.0
22.6
5.8
77.8
12.6
-13.8
91.4
18.2
3.7
89.3
-17.5
-2.4
55.9
11.0
-2-9
34.7
2.2
10.9
Total loans
Mortgages
Consumer credit
Eank loans n.e.c.
Open-market paper
Security credit
11
12
13
14
15
16
Corporate eguities
17
1.7
16.6
17
*
*
*
*
*
-. 1
-. 1
1.6
10.1
-1.0
7.3
-3.4
28.0
-5.4
25.6
18.3
35.0
-22.4
27.2
18.0
-1.2
-20.-6
6.8
138.4
25.3
6.8
-.3
18.8
126.0
26.5
.4
4. 1
22.0
99.9
4.9
-2.6
.3
7.2
128.2
8.7
-1.1
-3.9
13.7
153. 1
-9.8
2.9
.8
-13.5
160.3
-6.9
-1.2
2.6
-8.3
99.0
-5.6
-15.2
-20. 1
29.7
151.0
47.5
24.5
-1.7
24.7
76.7
-49.1
-32.7
-3.9
-12.5
18
19
3.5
3.5
5.9
11.8
20
21
22
23
24
92.7
24.5
4.3
2.4
17.8
Total bank credit
O.S. Govt, securities
Treasury issues
Agency issues
Vault cash + mem. bank res.
Miscellaneous assets
80.9 Net increase in liabilities
6.7
Checkable deposits
22.8
O.S. Government
-5.7
Foreign
-10.3
Private domestic
18
\9
20
21
22
23
24
25
28. 1
11.1
31.2
41.5
40.4
24.0
44.7
75. 1
61.3
51.4
42.8
Small time and savings dep. 25
26
27
26.1
9.0
50.8
20-0
12.0
15.6
50.7
18.3
51.4
14.4
89*3
-2.3
76.1
9.1
17.5
27.3
11.0
15.7
£4.0
-3.0
60.5
40.5
Large time deposits
26
Fed. funds and security RP*s 27
28
29
30
31
-4.8
1.4
-5.4
-.8
9.8
3.6
.8
5.4
19. 1
.5
-1.7
20.3
-29.8
-1.9
-3.4
-24.5
-12.4
-2.9
-2.4
-7.1
19.8
-.6
.3
20.2
13.2
5.1
-52.7
-15.7
-28.7
-6. 1
.7
3.5
-10.3
-68.9
-13.6
8.5
11.8
14.4
24.2
-26.8
32
33
34
35
.6
2.5
1.3
1.3
1.1
7.3
.6
6.7
1.3
6.7
2. 1
4.5
.5
8.2
1.2
7.0
.5
14.4
2.0
12.4
.5
14.4
-.6
15.0
.5
4.9
3.5
1.4
.6
6.5
-.2
6.7
.6
13.0
-.6
13.5
36
37
6.9
.3
12.7
.5
13.2
.5
6.3
. 1
17. 1
-.2
9.5
-.4
32.4
-.2
-3.3
-.5
6.5
12.9
38
-6.1
-7.4
-9.0
-9.3
-6.8
-8. 1
-7.1
-4.5
-4.1
-5.2
- 2 . 1 Discrepancy
39
87.6
128.7
121.1
99.7
103.5
131.7
110.5
87.9
150.6
94.1
54.5 Memo:
. 4
7.1
1.5
5.6
*
17.1
-60. 2
Net interbank
To Federal
To domestic
To foreign
claims
Reserve
.banks (2)
banks
28
29
30
31
.6
-14-2
3.1
-17.3
Corporate equity issues
Credit market debt
Corporate bonds
Open-market paper
32
33
34
35
Profit taxes payable
Miscellaneous liabilities
36
37
(1) Consists of O.S.-chartered commercial banks, their domestic 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.
BILLIONS OF DOLLARS.
111/82 BASED ON INCOMPLETE
INFORMATION.
38
Credit mkt. funds adv. 39
NOVEMBER 22, 1 9 8 2
Coaaercial Basking
Subsectors
Subsector Statements for Coaponent
OJIADJOSTED MET FIOWS
G r o u p s in C o a a e r c i a l
II
IV
1
1
1982
II
I
Ill
Banking
Sabsectors
OHADJOSTED
HET FIOHS
Banking
($ HI LI)
1981
III
Commercial
1972
B I L L I O N S OF DCLLABS
1974
1975
1973
($ BILL)
1976
0 .S.-Chartered Commercial B a n k s
1 Current s u r p l u s
2 Plant a n d e q u i p a e n t
3 Net acq,, of f i n a n c i a l a s s e t s
4
T o t a l tank c r e d i t
5
U . S . G o v e r n m e n t s e c u r i t i e sJ
6
Treasury issues
7
Agency i s s u e s
8
9
10
11
12
13
14
15
16
17
State • l o c a l o b l i g a t i o n s
Corporate bonds
Total l o a n s
Mortgages
C o n s u m e r credit
Bank l o a n s n . e . c .
Open-market paper
Security c r e d i t
Vault cash + mem. b a n k r e s .
Miscellaneous assets
18 Net i n c r e a s e in l i a b i l i t i e s
19
Checkable deposits
20
U.S. Government
21
Foreign
22
Private domestic
23
Small t i m e + s a v i n g s
24
25
Xarge time deposits
F e d . f u n d s and s e c u r i t y
deposits
26
27
28
29
30
Net i n t e r b a n k l i a b i l i t i e s
F e d e r a l .Reserve float
B o r r o w i n g at F.fi. b a n k s
J o d o m e s t i c banks
T o foreign b a n k s
31
32
33
34
Corporate eguities
Corporate bonds
Profit t a x e s p a y a b l e
Miscellaneous liabilities
B P » s>
35 Discrepancy
36 M e m o :
Credit
mkt. f u n d s a d v .
2,295
2,905
2,426
2,764
2,791
3,234
3,203
2,658
2,436
3,073
2,997
2,574
4.3
4.3
4.6
5.8
4.6
5.4
4.3
2.3
38,635
36,767
1,423
-126
1,549
31,957
27,467
835
-2,989
3,824
32,967
35,610
3,2(60
1,129
2,131
15,960
14,036
4,695
3,423
1,272
24,278
25,220
-234
-2,524
2,290
22,596
22,019
3,707
1,651
2,056
73.7
73.7
6.0
2. 1
3.9
80.0
75.6
-1.4
-8.8
7.4
60.5
56. 1
.7
-2.8
3.5
1,206
-80
2,794
-228
2,660
142
-451
121
-1,318
352
1,237
-4
7. 1
1.4
5.6
.4
34,218
6,470
2,600
21,596
1,121
2,431
24,066
7,882
3,669
14,122
-1,147
-460
29,548
5,482
2,879
16,728
302
4,157
9,671
3,712
-2,212
10,598
2,659
-5,086
26,420
4,641
854
22,419
-2,509
1,015
17,079
4,305
1,653
10,048
-11
1,084
59.3
16.8
12.7
25.5
-.3
4.7
-1,277
3, 145
4,253
237
-2,577
-66
1,310
614
-4,905
3,963
398
179
36,936
10,242
6,787
2,036
1,419
30,101
1,253
2,554
-222
-1,079
14,457
32,895
20,225 -20,099
-8,757
2,066
-3,134
-1,678
32,116 -20,487
23,319
188
-1,539
777
950
21,202
5,318
8,747
-970
-2,459
4.5
4.1
1
2
28.9
30.6
30.1
28.4
1.6
59.5
61. 1
19.6
18.1
1.5
3
4
5
6
7
5. 1
1.0
1.6
1.8
2.6
-.6
8
9
71.0
19.6
12.6
43. 1
-1.5
-2.9
49.3
12.3
3.4
34. 1
1.6
-2.1
-2.9
3.7
3.1
-12.9
1.1
2.2
39.6
15.1
12.0
3. 1
3.2
6.2
10
11
12
13
14
15
-1.0
1.0
3.5
1.0
-.3
4.7
.8
-2.5
-1.0 16
-.6 17
71.8
24.2
.7
1.4
22.1
77.1
12.5
-1.0
2.2
11.3
58.1
-1.3
-5.1
2. 1
1.7
27.0
7.0
-1.7
-.5
9.2
57.7
11.0
-. 1
1.7
9.4
18
19
20
21
22
4,427
10,099
17,052
19,426
11,606
9,273
24.7
10.5
14.6
39.3
56.9 23
15,412
609
16,339
1,497
10,259
5,928
5,785
4,285
11,735
424
12,767
9,165
18.1
1.6
39.3
16.2
41.0
-1.9
-12.7
3.5
-18.0 24
13.6 25
1,791
-755
354
1,114
1,078
3,644 -21,675
305 -1,049
1,476
-885
-2,565 -9,740
4,428 -10,001
2,968
120
1,045
2,585
-782
-4,484 -15,079
-1,978
663
-1,008
-515
-309 - 7 , 4 5 0
-3,830
-5,136
-5.4
-.4
1.9
-6.2
-.8
-5-8
-.9
-.7
-3.3
-.9
-1. 1
-1.1
-1.0
3.2
-2.2
-11.0
1.7
-.1
-4.2
-8.4
-9.9
-1.1
-.2
.3
-8.9
26
27
28
29
30
117
-15
-59
4,412
125
-96
-48
-2,712
139
-28
-33
2,014
146
64
-199
3,839
153
36S
-1
-763
1.2
1.1
-.2
6.4
1.2
. 1
3.3
1.0
.2
. 1
5.5
1.0
.2
-.3
.1
1.6
.7
1.7
31
32
33
34
-2,309
-2, 194
-515
-958
-1,596
-971
-2.0
-4. 1
-3.2
34,336
27,927
31,453
19,122
24,205
20,935
69.0
78.4
58.3
28.4
132
107
-67
934
Domestic Affiliates of C o m m e r c i a l
*
. 1
-1.4 35
54.9 36
Eanks
1 Net a c q . of f i n a n c i a l a s s e t s
2
Inv. in f i n a n c e c o . s u b s .
3
Bank l o a n s n . e . c .
2,573
2,605
-32
3,316
3,344
-28
2,038
1,960
78
978
969
9
-115
-355
240
498
299
199
2. 1
2.4
-.2
3. 1
1.4
1.7
1.6
.7
.9
2.9
3.4
-.5
6.1
6.4
-.3
1
2
3
4 N e t i n c r e a s e in l i a b i l i t i e s
5
Net i n t e r b a n k c l a i m s
6
C r e d i t market debt
7
C o r p o r a t e .bonds
8
Commercial paper
9
Miscellaneous liabilities
2,573
-978
3,615
525
3,090
-64
3,316
-519
3,705
-47
3,752
130
2,038
316
1,121
771
350
601
978
-703
1,658
-17
1,675
23
-115
-1,778
3,175
-207
3,382
-1,512
498
4,593
-3,918
413
-4,331
-177
2.1
-.6
2.6
1.9
.7
.2
3. 1
-.1
3.2
.9
2.2
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
4
5
6
7
8
9
1.6
1-1
-.2
5.3 1
4.4 2
.5 3
*
4
-. 1 5
3.5 6
.5 7
*
Foreign B anking O f f i c e s i n O . S .
3,445
168
41
-37
209
-508
463
9,300
7,181
254
-3
-198
7,042
86
2,709
1,302
447
-32
164
415
308
-2,185
-1,909
156
-28
-6
-1,508
-523
125
-1,108
-265
-18
34
-839
-20
2,395
1,327
-576
1
1
1,566
335
Corporate equities
Security c r e d i t
Miscellaneous assets
-12
867
2,422
2
-447
2,5*54
-16
75
1,348
7
-769
486
-3
97
1,139
50
1,018
.1
.9
-.6
.6
-.1
1.4
•
-.1
.6
*
8
.4 9
.4 10
11 Net i n c r e a s e in l i a b i l i t i e s
12
Demand d e p o s i t s
13
Time d e p o s i t s
3,445
-463
666
9,300
-1,031
3,092
2,709
-3,851
2,542
-2,185
-1,489
-5,881
125
227
-2,210
2,395
-173
2,773
2.2
-3.3
-.4
4.4
.3
1.0
8.5
1.2
1. 1
1.6
.6
3.4
5.3 11
2.4 12
.4 13
14
15
16
Net i n t e r b a n k l i a b i l i t i e s
T o foreign b a n k s
To domestic banks
2,179
1,367
812
4,983
3,403
1,580
2,161
-4,399
6,560
4,385
-941
5,326
2,010
-1,862
3,872
-1,326
-3,993
2,667
2.2
2.2
2.3
-1.8
4.0
4.6
2.0
2.6
-3.0
-1.4
-1.6
2.2 14
3.0 15
-.9 16
17
Miscellaneous
1,063
2,256
1,857
800
98
1,121
3.7
1.0
1.6
.7
.3 17
1 Net a c q . of f i n a n c i a l a s s e t s
2
C r e d i t market i n s t r u m e n t s
3
O . S . G o v e r n m e n t s e c u r i t i e s3
4
State • l o c a l o b l i g a t i o n s
5
C o r p o r a t e bonds
6
Bank l o a n s n . e . c .
7
Open-market paper
8
9
10
liabilities
2.2
1.2
.3
*
-.1
.8
.1
,
*
*
4.4
4.4
. 2
*
*
4.0
.2
*
8.5
7.2
.2
. 1
*
6.3
.7
*
*
*
*
1.2
Banks in O.S. P o s s e s s i o n s
1 Net a c q . of financial assets
2
D e m a n d d e p o s i t s and c u r r e n c y
3
4
5
6
7
8
9
C r e d i t market i n s t r u m e n t s
O . S . Government securities
State • l o c a l o b l i g a t i o n s
Corporate bonds
Home mortgages
Coaaercial aortgages
Miscellaneous assets
10 Net i n c r e a s e in d e p o s i t
76 1
383
761
406
752
344
818
475
803
421
.5
.3
-540
-111
-292
-158
69
-48
1,026
-32
-39
-28
16
63
-44
410
-33
-27
-41
17
68
-50
388
27
7
210
39
84
71
71
-55
133
231
65
99
52
74
-53
151
.1
-. 1
.1
.4
.1
.1
. 1
. 1
.2
.6
liab.
1 1 1 / 8 2 B A S E D OH P B E L I M I H A B I
587
101
AHD I N C O M P L E T E
INFOBMATICN
-3
70
-53
381
NOVEMBEB 2 2 , 1982
Commercial Banking
Commercial
Subsectors
Sabsector
SEASONALLY
ADJUSTED
ANNUAL
Statements for Component
G r o u p s in C o m m e r c i a l
|
U.S.-Chartered
1981
III
II
Commercial
IV
Sabsectors
19
SEASONALLY
RATES
1981
Banking
Banking
A D J U S T E D ANNUAL
RATES
1982
II
|
Banks
1
2
5.3
6.7
.6.7
8.7
7.9
10.3
9.4
11.3
10.6
11.2
9.5
11.6
10.3
11-1
12.2
12.9
10.6
10.6
10. 1
12.3
12.7 Current surplus
10.3 Plant and equipment
1
2
3
4
5
6
7
90.8
83.6
-1.3
-2.2
.9
119.8
106. 9
.1
-6.7
6.8
10.9.6
105.9
7.4
-.2
7.6
83.3
83.4
25.0
15.3
9.7
107.5
101.5
11.4
1.8
9.6
123.8
127.8
10.9
5.2
5.7
118.8
90.8
2.5
-12.6
15.1
84.6
94.6
4.9
-1.6
6.5
156.2
146.8
23.1
15.1
8.0
65.9
83.4
4.0
-4.6
8.6
77.6 Net acq. of financial assets
65.1
Total bank credit
13.0
U.S. Government securities
5.0
lreasury issues
Agency issues
8.0
3
4
5
6
7
8
9
9.2
-.3
9.4
-..6
9.,7
-.3
13.2
.5
5.7
1.6
-.3
5.1
-.9
8.5
.6
7.7
.5
-4.9
1.4
-2. 1
8
9
10
11
12
13
14
15
75.9
27.6
22.3
24.1
.2
1.8
98.1
35.3
2.6.2
41.8
-2.3
-3.0
89. 1
30.6
19.9
37.9
1.6
-.8
44.7
17.7
-6.2
31.0
1.0
1.2
84.4
23.5
5.4
51.1
-.2
4.7
112.6
25.2
9.5
75.2
-2.0
4.7
84.1
25.4
5.7
54.4
-4.0
2.6
80.5
21.1
8.5
40.9
2.0
8.0
115.5
22.5
5.8
84.0
14.7
-11.4
82.8
18.1
3.7
79.5
-17.4
-1.1
54.3
10.9
-2.9
35.4
.9
9.9
16
17
3-5
3.7
5.9
7.0
1.6
2.1
-1.0
.9
-3.4
9.4
-5.4
1.4
18.3
9.7
-22.4
12.4
18.0
-8.5
-20.6
3. 1
1.7
10.8
18
19
2d
21
22
86.1
21.5
4.3
1.7
15.5
114.3
22.8
6.8
16.1
102.9
25.7
.4
3.4
21.9
75.9
10.5
-2.6
-.2
13.3
101.3
14.8
-1.1
-3.0
18.9
117.8
-6.7
2.9
.7
-10-3
112.5
.6
-1.2
.9
.9
80.8
10.5
-15.2
-15.5
41.2
152.3
47.6
24.5
2.4
20.7
62.8
-48.7
-32.7
-5.7
-10.3
73.1 Net increase in liabilities
11.8
Checkable deposits
22.8
U.S. Government
-1.8
Foreign
-9.2
Private domestic
18
19
20
21
22
23
28.1
11.1
31.2
41.5
40.4
24.0
44.7
75.1
61.3
51.4
42.8
Small time+savings deposits
23
24
25
23.9
9.0
44.3
20.0
8.3
15.6
42.8
18.3
43.8
14.4
86.6
-2.3
63.7
9.1
7.3
27.3
34.5
15.7
72.9
-3.0
49.4
40.5
24
Large time deposits
Fed. funds and security BP's 25
26
27
28
2.2
2.7
.9
-3.5
2. 1
11.0
.3
.3
-4.0
14.5
-38.0
-2.3
.4
-12.4
-23.6
-18.9
-2.7
-.2
30
-3.0
1.2
.2
-2.7
-1.7
6.2
-3. 1
2.5
-1.5
8.3
-3.4
1.5
3.6
-17.3
8.8
-58.1
-12.1
-3.6
-22.9
-19.6
.4
8.8
5.6
8.4
-22.4
-17.0
2.9
-2.2
-7.8
-10.0
-80.7
-8.6
-5.0
-38.8
-28.3
Net interbank liabilities
Federal Reserve float
Borrowing at F. R. banks
To domestic banks
To foreign banJcs
26
27
28
29
30
31
32
.6
.6
1. 1
.2
.J
12.2
1.3
.2
.5
9.1
.4
.2
.5
-.3
.5
-.1
.5
-.1
. 1
9.4
.5
-.4
-.2
-2. 1
.5
.4
-.4
18.3
.6
-.1
-.2
-7.5
.6
.3
-.5
7.0
.6
1.5
Corporate equities
Corporate bonds
Profit taxes payable
Miscellaneous liabilities
31
32
33
34
29
*
-9.7
-6.3
*
State + local obligations
Corporate -bonds
10
11
12
13
14
15
Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Security credit
Vault cash + mem. bank res.
Miscellaneous assets
16
17
33
34
5.6
35
-6.1
-7.4
-9.0
-9.3
-6.8
*8.1
-7.1
-4.5
-4.1
-5.2
- 2 . 1 Discrepancy
35
36
81.8
109.9
106.7
82.2
96.8
123.1
88.3
86.6
158.2
84.5
55.2 Memo:
36
-.5
-1.4
1.0
6.4
7.2
Credit mkt. funds adv.
Domestic Affiliates of Commercial Banks
1
2
3
4
5
6
7
8
9
*
1.7
2.7
-1.0
5.4
5.5
-. 1
*
1.7
-3.0
7.2
.5
6.7
-2.4
5.4
-1.4
6.5
1.9
4.5
.3
-.5
.6
-1.6
2.0
.7
1.3
-.3
4.3
4.4
-.1
4.3
-2.7
6.9
1.4
5.6
. 1
8,0
7.9
.1
10.3
10.4
-.1
13.3
13.4
-.1
8.2
7.8
.3
3.9
3.9
8.0
-1.4
8.3
1.3
7.0
1.1
10.3
-3.9
14.5
2.1
12.4
-.3
13.3
-2.1
14.8
-.2
15.0
.5
8.2
1.3
4.5
3.1
1.4
2.4
3.9
-2.8
6.6
-.1
6.7
.1
-.5
-7.1
12.7
-.8
13.5
-6.0
-8.2
-7.8
.6
-.1
-6.2
-2. 1
11.0
7.8
-1. 1
-.1
. 1
8.9
-.1
-2.4
1.9
-1.3
4.6
*
2.0 Net acg. of financial assets
1.2
Inv. in finance co. subs.
Bank loans n.e.c.
.8
2.0 Net increase in liabilities
18.4
Net interbank claims
-15.7
Credit market debt
1.7
Corporate bonds
-17.3
Commercial paper
-.7
Miscellaneous liabilities
1
2
3
4
5
6
7
8
9
Foreign Banking Offices in U.S.
1
2
3
4
5
6
7
5.7
4.9
-.1
*
.2
4.7
. 1
21.8
19.6
.5
-.1
. 1
18.1
1.0
*
*
16.5
14.5
.5
.1
. 1
13.2
.6
18.1
17.0
.5
.2
15.5
.8
2.1
*
*
-.4
1.5
*
*
8
9
10
.5
.3
11
12
13
5.7
3.0
2.2
21.8
2.5
6.4
16.5
.8
3.6
18. 1
-5.6
7.9
14
15
16
-.2
.9
-I. 1
10.6
3.4
7.3
9.5
5.8
3.7
10.9
-.8
11.7
. 1
2.0
16.1
7.7
.6
-. 1
.3
5.8
1.0
22.7
10.9
.2
-. 1
.8
8.2
1.9
31.5
22.5
1.0
21.9
.3
7.0
1.2
1.8
-.1
.7
-2.3
h.2
-. 1
.6
7.9
2. 1
9.7
-1.2
10.3
-. 1
.5
5.4
16.1
-6.1
7.6
22.7
-3.2
2.7
31.5
-7.6
12.4
7.0
-16. 1
10.2
-8.2
-. 1
-23.5
11.0
-.4
7.9
-.8
8.6
17.5
11.9
5.7
18.6
-.3
18.9
4.2
-9.1
13.3
14.3
-4.3
18.6
18. 1
-.4
18.4
2.6 Net acg. of financial assets
-2.4
Credit market instruments
U.S. Government securities
State + local obligations
Corporate bonds
-1.5
Bank loans n.e.c.
-2.3
1.3
1.0
4.1
Open-market
1
2
3
4
5
6
7
8
9
10
.8
.5
.6
.3
.3
.2
.2
-.1
.3
.2
.1
-.3
.1
-. 1
. 1
. 1
.8
.6
B I L L I O N S CF D O L L A B S .
1. 1
.7
•
*
-.2
.1
. 1
*
.4
1.1
111/82
7
Corporate equities
Security c r e d i t
Miscellaneous assets
8
9
10
2.6 Net i n c r e a s e in l i a b i l i t i e s
-5.0
Demand d e p o s i t s
11.1
Time d e p o s i t s
-6.6
-31.9
25.2
Net i n t e r b a n k l i a b i l i t i e s
To f o r e i g n banks
T o d o m e s t i c banks
Miscellaneous
Banks
paper
1
2
3
4
5
£
11
12
13
14
15
16
liabilities
in U S. P o s s e s s i o n s
1.6
.6
2.7
1.0
2.3
.4
3.0
1.5
3.0
1.6
3.0
1.4
3.3
1.9
3.2
3.2 Net acg. of f i n a n c i a l a s s e t s
Demand d e p o s i t s and currency
1.7
1
2
.5
.1
.3
-1.1
-2.2
-.1
-.2
-.1
.1
.3
-.2
1.6
-.1
-.1
-.2
.1
.3
-.2
1.6
.1
.8
.2
.3
.3
.3
-.2
.5
.9
.3
.4
.2
.3
-.2
.6
3
4
5
6
7
8
9
.2
-.1
.5
-.3
-.7
-.3
.3
-.2
2.9
1.6
2.7
*
BASED ON I N C O M P L E T E
-.4
-1.2
-.6
.3
-.2
4. 1
2.3
INFORMATION.
*
*
.3
-.2
1.5
C r e d i t market i n s t r u m e n t s
U.S. G o v e r n m e n t s e c u r i t i e s
State • local o b l i g a t i o n s
Corporate bonds
Home mortgages
Commercial mortgages
Miscellaneous assets
3.2 Net i n c r e a s e in d e p o s i t
liab.
NOVEHBEB 2 2 , 1982
Nonbank Finance Sunnary
Nonbank Finance
Suaiary
Private Nonnank Financial Institutions
tlNADJOSTED MET FLOWS
($ MILL)
ONADJOSTED MET FLOWS
198 1
III
IV
|
I
1982
11
111
1972
($ HILL,}
BIXLIOMS OF DOLLARS
1973
1974
1975
Private Nontank Financial Institutions - Total
1,237
1,229
630
1,354
-242
1,887
-557
1,432
1,273
1,347
977
1,408
4.2
2.2
4.5
2.0
4.7
2.6
2.5
5.3
5.8
3.6
1
2
69,696
1,821
906
3,470
3,420
78,698
1,643
5,137
3,669
2,898
71,910
1,517
9,267
5,989
1,774
50,974
-2,589
1,305
4,890
3,620
64,860
3,438
7,578
916
738
76,993
2,427
6,457
3,480
-385
106.6
1.4
1.8
.5
91.5
77.5
.4
5.7
2.4
114.3
.5
4.2
-1.0
154.6
1.0
-2.3
1.6
3
4
5
6
7
6,765
46,566
-3,192
2,451
10,989
11,933
4,972
19,413
6,832
52,853
11,345
956
6,589
6,270
6,793
20,900
4,641
41,252
20,624
2,312
7,790
2,178
1,915
6,433
3,348
35,683
26,132
2,921
3,674
-1,710
-2,168
6,834
5,922
37,467
15,429
2,294
8,443
-3,26 1
4,380
10,182
8,854
48,505
38,113
5,600
9,679
-4,466
2,807
-3,228
16.4
77.4
5.3
4.6
12.3
44.0
5.8
5.5
13.1
77.3
.9
3.6
12.2
44.8
8.8
6.9
5.8
59.5
2.5
1.6
17.9
23.6
5.2
8.7
9.8
93.7
21.5
6.0
25.4
29.2
5.0
6.7
12.5
131-2
24.6
9.3
29.2
47.8
10.3
10.0
8
9
10
11
12
13
14
15
1,385
690
4,673
-1,803
704
6,765
628
641
6,201
-3,720
592
7,845
-483
54 8
8,736
-949
493
8,111
3.7
1.2
4.2
-4.3
.6
2.6
-1.6
.5
4.6
1.0
.6
5.6
4.6
1.2
4.7
16
17
18
19 Net increase in liabilities
20
Time and savings deposits
21
Money market fund shares
22
Security -RP's (s+1)
23
Insurance • pension reserves
24
Corporate equity issues (1)
71,410
1,495
14,964
2,363
23,032
1,660
79,830
1,848
34,332
-2,211
24,357
887
73,541
11,006
21,070
3,205
21,478
2,774
53,631
15,766
9,396
-269
20,858
4,752
68,£52
6,667
10,289
2,512
24,101
2,819
76,168
13,763
21,627
1,590
22,056
6,396
105.2
46.0
89.7
27.8
30.7
1.3
78.6
22. 1
2.4
1.5
33.4
.9
117.0
59.4
1.3
-1
39.7
-.5
25
26
27
28
29
30
31
Credit market instruments
Corporate bonds
Mortgage loans in process
Other mortgages
Back l o a n s n. e.c.
Open-market paper
Fed. home loan bank loans
15,412
642
252
-322
2,197
5,723
6,920
10,860
-1,417
-945
12
-227
5 , 185
8,252
1,189
54
-671
-125
1,419
-335
847
-2,004
-834
30
11,088
87
698
7
554
6,506
3,236
-2,384
568
905
49
-272
-1,878
-1,756
12.9
4.0
1.2
.5
6.0
1.2
21.2
3.5
-1.5
.3
9.0
2.7
7.2
12.3
1.9
-1.4
.2
4.6
.3
6.7
32
33
34
Security credit
Profit taxes payable
Miscellaneous liabilities
3,559
-933
9,858
-195
-399
10,351
5,428
-665
8,056
-4,971
-356
10,459
2,004
10,183
3,856
-155
9,419
4. 1
.2
13.4
-3.4
. 1
12.2
-2.9
T 1 , 0 1 1
1,722
408
-498
668
3,718
-1,256
1 Current surplus
2 Physical investment
3 Net acq. of financial assets
4
Denand deposits and currency
5
liae and savings deposits
6
Security RP's
7
Foreign deposits
8
9
10
11
12
13
14
15
Corporate equities
Credit narket instruments
U . S . Government securities
State • local obligations
Corporate • foreign bonds
Mortgages
Consumer credit
Other loans
16
17
18
Security credit
Trade credit
Miscellaneous assets
35 Discrepancy
-
1,784
-3,952
968
*
. 1
2.0
-
.3
26.3
2. 1
*
-
-
-
-
-
149.8
69.2
*
-. 1
47.7
-1.8
19
20
21
22
23
24
-1.9
2.8
1.9
.4
-3.7
.7
-4.0
2.4
3.0
1.7
.4
-3.7
3.0
-2.0
25
26
27
28
29
30
31
9.0
*
2.9
. 1
15.9
7.9
.5
24.0
32
33
34
(1) Incliudes mutual fund shares.
Savings Institutions Combined
-980
-1,706
-2,214
-2,180
-1,478
-1,729
12,061
410
-1,590
913
8,168
836
-5,395
1 , 105
10,147
667
4,499
1,574
18,410
602
5,009
2,134
17,471
268
4,726
1,463
15,660
623
657
1,312
51.6
.4
1.9
.5
37.9
-. 1
-.7
2.0
30.7
. 1
1.5
2.3
59.9
.3
5.0
-1. 1
73.8
.2
-1.5
1.6
2
3
4
5
-240
10,970
712
29
-619
-109
7,549
2,542
-21
-147
-110
63
1,349
-30
-134
-155
5,643
8,819
-62
71
-96
3,252
6,631
-80
-659
-29
5,476
10,416
-148
18
.6
46. 1
3.5
.5
2.1
.4
34.7
.3
. 1
-1.1
.2
23.9
-.3
.3
.9
.2
53.1
9.7
1.6
3.5
.1
70.2
10.2
-6
2.8
6
7
8
9
10
8 , 1 17
7,655
-188
640
10
3,646
3,252
-72
486
-20
-300
-576
-270
536
10
-3,762
-2,997
-516
-242
-7
-4,144
-3,533
-838
227
-6,981
-5,607
-866
-508
37.4
27.5
4.7
5. 1
32.7
24.5
3.3
4.9
19.8
14.7
1.7
3.4
32.3
24.5
2.6
5.3
49.3
40.5
3.3
5.6
*
11
12
13
14
15
Consumer install, credit
Consumer noninstall.credit
Open-market paper
Miscellaneous assets
2,134
-569
1 , 166
1,598
1,178
-478
829
4 , 182
-525
-416
119
3,454
70
-238
745
5,177
697
198
609
7,858
1,989
362
-180
7,621
1.9
.2
.4
2.2
3.6
.6
-1.4
1.6
3. 1
.2
-.2
2.8
4.4
.4
1.0
2.5
6.6
.3
.3
3.3
16
17
18
19
20 Net increase in liabilities
21
Deposits
22
Security RP's
23
Cr. mkt. instr. (svgs.+loan)
24
Profit taxes payable
25
Miscellaneous liabilities
13,407
1,495
2,363
7,364
-396
2,581
9,902
1,848
-2,211
8,414
-357
2,208
12,210
11,006
3,205
-1,653
-430
82
20,564
15,766
-269
1,441
-389
4,015
18,432
6,667
2,512
3,203
-488
6,538
17,184
13,763
1,590
-2,023
-328
4,182
49.1
46.0
.3
1.7
35. 1
27.8
*
28.6
22. 1
1.5
4.8
. 1
.2
57.9
59.4
.1
-2-3
.1
.6
70.6
69.2
-.1
.1
.2
1.2
20
21
22
23
24
25
. 1
.2
-.4
26
1 Current surplus
2 Net acq. of financial assets
3
Demand deposits and currency
4
Time deposits
5
Security HP's
6
7
8
9
10
Corporate equities
Credit market instruments
0.S. Govt, securities
State • local obligations
Corporate bonds
11
12
13
14
15
16
17
18
19
Mortgages
Home mortgages
Multi-family
Commercial
Farm
26 Discrepancy
111/82
BASED ON PRELIMINARY
-
-
*
1 . 1*
-.3
AMJ3 INCOMPLETE INFORMATION
*
-
6.0
1.2
*
*
*
NOVEMBEK 22, 1982
Honbank Finance Summary
NonJiank Finance Summary
Private Nonbank Financial Instltations
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL BATES
1980
1981
|
II
1981
III
Private Nonbank Financial Institutions
13. 1
11.0
2.2
3.0
7.9
3.9
6.2
194.8
203.8
212.4
219.6
295.9
1.0
3.8
3.0
3.2
8.4
1.8
.5
3.1
5.3
5.5
4.6
4.5
1
2
9.9
2.2
3
4
5
6
7
*
7.3
2. 1
4.4
3.0
19.0
3.2
1.7
23.5
14.6
12.1
10.4
171.1
21.8
10.9
21.4
£1.3
22.2
33.6
14.7
158.2
43.2
23.0
197.8
53.3
9.7
7.6
23. 1
43.3
10,2
28..6
27.7
27.9
15.5
65.9
8.5
2.0
8.1
19.8
8
9
10
11
12
13
14
15
174.1
21.6
13.5
37.5
69.5
16.1
15,8
174.2
17.5
15.2
33.0
69.2
15.4
19.8
16
17
18
1.0
1.3
3.3
1.8
1.5
8.0
-1.1
19
20
21
22
23
24
186.2
69.7
193.3
59.1
.2
1.9
6.9
2.1
203.3
46.9
34.4
60.7
66.6
60.0
2.8
1.3
1.9
6.8
8.1
25
26
27
28
29
30
31
24.3
31.0
26.7
10.6
8.9
3.1
6.8
.8
5.7
-1.2
5.6
-.8
27.4
-2.0
-2.4
-.3
8.4
4.3
12.5
9.2
32
33
34
.9
.7
.2
1.4
-.2
2.3
24.8
24.6
30.9
*
. 1
2.8
7.9
1.9
11.4
.5
*
-.4
13.4
218.5
57.6
29.2
2. 1
80.8
-. 1
-.4
-.8
7. 1
4.9
3. 1
23.4
-.6
2.6
301.5
25.4
107.5
3.0
88.5
-.5
2.2
13.9
16.2
8.2
-2.3
35.6
IV
1982
II
|
Total
3.9
4.9
1.7
5.4
-.3
7.5
-.9
5.7
3.9
5.4
271.3
7.3
3.7
13.0
13.7
321-3
6.7
25.4
14.9
11.6
258.8
1.7
37.8
27.7
7.1
235.2
-6.2
.3
16.7
14.5
252.3
13.7
28.5
2.4
3.0
315.1 Net acg. of financial assets
9.6
Deaand deposits and currency
31.0
Tine and savings deposits
14.3
Security BP's
-1.5
Foreign deposits
24.6
180.1
.3
10. 1
38.7
41.8
14. 1
75.0
29.4
207.5
39.6
3.7
29.6
15.4
26.0
93.3
11.7
146.6
79.4
8.9
30.1
4.4
.4
23.4
20.3
171.7
102.2
11.9
17.2
14.0
2.7
23.9
21.2
146.2
75- I
9.5
28.1
-18.5
14.6
37.3
38.4
189.7
146.3
22.3
42.4
-28.8
10.1
-2.6
5.5
2.8
20.6
-7.2
2.8
30.1
2.5
2.6
21.0
-14.9
2.4
30.4
-1.9
2.2
37.2
-3.8
2.0
35.5
273.3
10. 1
59.9
9.5
94.7
8.5
329.9
15.0
137.3
-8.8
95.0
266.1
33.7
84.3
12.8
85.3
246.2
64.8
37.6
-1.1
84.2
17.4
262.6
30.4
41.2
10.0
99.1
13.6
48.0
-1.9
-1.2
-1.3
4.2
20.2
28.0
43.7
-2.7
-3.9
7.9
-1.9
36.7
4.J6
9.3
3.0 Current surplus
5.6 Physical investment
Corporate equities
Credit Market instruments
U.S. Government securities
State • local obligations
Corporate + foreign bonds
Mortgages
Consumer credit
Other loans
9
10
11
12
13
14
15
Security credit
Trade credit
Miscellaneous assets
16
17
18
315.9 Net Increase in liabilities
63.4
Time and savings deposits
86.5
Honey market fund shares
6.4
Security HP«s (s+1)
85.4
Insurance • pension reserves
26.8
Corporate eguity issues (1)
19
20
21
22
23
24
Credit market instruments
Corporate bonds
Mortgage loans in process
Other mortgages
Bank loans n.e.c.
Open-market paper
Fed. home loan bank loans
25
26
27
28
29
30
31
Security credit
Profit taxes payable
Miscellaneous liabilities
33
16.8
-2.0
2.9
31.7
-4.5
.9
1.9
23.1
25.2
-7.5
.5
-2.7
-.5
-.5
-5.4
1.2
13.8
-11.9
14.0
-2.0
23.8
13.5
-11.0
5.6
3.2
.2
2.2
-6.1
-16.2
4.2
-2.4
41.5
13.3
-3.0
37.8
-10.3
-1.9
38.7
1.2
^2.2
37.6
21.8
-1.5
38.2
*
32
34
-1.8 Discrepancy
(1) Includes mutual fund shares.
Savings Institutions Combined
2
3
4
5
88.0
82.1
65.4
68.4
40.8
1.0
2.9
*
1.1
.2
1.7
.5
-.8
3.4
1.7
8.5
-1.1
-. 1
5.7
6
7
8
9
10
.4
.1
-.1
-.5
-.6
81.6
73.6
55.5
5.4
.6
.1
2.1
-.5
54.1
21.4
24.6
7.0
.4
1.2
-1.1
-.5
.7
-1.0
59.2
51.2
47.3
41.8
29.0
27.3
15.8
14.4
4.4
3.6
2.1
3.4
.1
1.6
-.6
1.9
2.3
5.2
64.9
55. 1
16
17
18
19
8.1
.3
-.3
2.2
7.3
.5
.6
5.3
3.6
2.4
1.8
6.8
-.9
1.4
3.0
4.7
20
21
22
23
24
25
83.4
69.7
76.8
59.1
60.9
4.6.9
67.7
57.6
46.7
25.4
1.9
9.9
.3
1.5
2.1
.5
14.3
11.4
.4
.8
.5
1.6
2.1
6.6
.6
.8
3.0
*
*
*
*
-6.8
-8.9
-8.7
-5.9
-6.9 Current surplus
1
50.0
2.7
-6.2
2.8
27.1
3.2
-16.7
4.7
34.7
2.4
18.8
10.0
87.2
1.3
15.1
5.6
71.6
2.3
17.1
4.6
55.6 Net acg. of financial assets
2.2
Demand deposits and currency
7.8
Time deposits
5.6
Security BP's
2
3
4
5
-1.0
43.3
9.1
-.4
16.6
7.7
-.1
-.6
-.4
-6,0
2.0
-.1
-.5
-.6
46. 1
37.1
-.2
.3
-.4
14.4
32.5
-.3
-2.6
-.1
6.5
39.0
-.6
.1
27.7
26. 1
4.4
2.9
-.3
1.8
-.1
-4.3
-4.4
-1.1
1.2
4.3
6.0
-2.T
.4
-20.7
-18.0
-3.4
.7
-39.5
-34.0
-3.5
-2. 1
-6.5
-2.3
4.7
8.3
3. 1
-1.9
4.0
19.8
-2.1
-1.7
.7
10.0
3.6
-1.0
1.9
19.7
2.4
33.7
55.2
10. 1
9.5
28.4
-1.3
8.5
34.3
15.0
-8.8
21.2
-1.6
8.5
43.1
33.7
12.8
-7.4
-1.8
5.9
95.6
64.8
-1.1
21.0
-1.5
12.4
75.3
30.4
10.0
12.6
-1.7
24.0
-.3
-2.3
*
11
12
13
14
15
4.9
4.9
-3.9
3.5
-2.0
3.0
9.9
13.1
-1.5
6.7
1.3
BILLIONS OF DQLLABS.
111/82 BASED ON INCOMPLETE INFOBHATION.
6. 1
1.4
*
33.5
Corporate equities
Credit marJcet instruments
U.S. Govt, securities
State • local obligations
Corporate bonds
Mortgages
Home mortgages
Multi-family
Commercial
Farm
<6
7
8
9
10
11
12
13
14
15
Consumer install, credit 1i>
Consumer noninstall.credit 17
Open-market paper
18
Miscellaneous assets
19
61.9 Net increase in liabilities
Deposits
63.4
Security BP*s
6.4
Cr. mkt. instr. (svgs.+loan)
-23.2
-1.5
Profit taxes payable
16.9
Miscellaneous liabilities
-•6 Discrepancy
20
21
22
23
24
25
MOVEMBEE 22, 1982
Savings Institutions
Savings Institutions
Sector Statements of Saving and Investment
ONADJOSTED NET FIOWS ($ HILL)
UMDJOSTED MET FLOWS ($ HILL)
1981
III
17
|
1982
II
I
III
1972
BILLIONS OF DOLLARS
1973
1974
1975
1976
Savings and loan Associations
-967
-1,597
-1,997
-1,940
-1,169
-1,371
1.6
2 Met acq., of financial assets
3
Mortgages
4
Consumer credit
9,915
7,952
123
7,954
3,522
-316
8,186
-428
2
12,951
- 3 , 150
205
14,386
-3,151
516
11,385
-6,607
1,254
37.1
31.8
-.2
28.8
26.5
W2
23.6
17.6
.9
42.7
29.5
.8
53.7
44.4
1.1
2
3
4
5
6
7
8
Other assets
Demand deposits + currency
lime deposits
Fed. funds + security HP's
1,840
-130
142
618
4,748
500
-1,576
900
8,612
-80
991
1,518
15,896
683
1,772
797
17,021
398
1,747
1,550
16,738
590
-10
1,147
5.5
.3
1.1
.4
1.0
-.2
-.5
1.3
5.2
.7
2.6
12.3
.3
4.5
-1.0
8.2
.3
-1.4
1.2
5
6
7
8
9
10
11
12
13
U.S. Treasury securities
U.S. Govt, agency secur.
State + local obligations
Open-market paper
Miscellaneous
•1,692
1,467
57
281
1,097
-1,336
1,667
-13
473
4,133
495
2,165
5
184
3,334
911
6,791
-56
170
4,828
-1,175
7,065
-57
619
6,874
699
7,407
-95
195
6,805
-.8
2.4
-2.0
2.3
-1.6
1.2
.3
-.2
2.3
.6
4.1
1.0
.9
1.9
11,014
143
2,363
9,321
2,975
-2,211
9,979
8,032
3,205
14,856
10,938
-269
15,419
3,496
2,512
12,549
10,227
1,590
35.5
32.6
.3
22.3
16.0
1.5
41.4
42.8
.1
51.5 14
50.2 15
- . 1 16
1.7
6.0
4.8
1.2
.4
-1.5
.4
7.2
-1.4
-.4
6.7
-2-3
.1
1.9
-.3
-4.0
. 1
.1
1.7
.2
-2.0
1 Current surplus
14 Net increase in liabilities
15
Deposits
16
Security £P*s
17
18
19
20
21
Credit market instruments
Corporate bonds
Mortgage loans in process
Bank loans n.e.c.
Fed. home loan bank loans
7,364
-223
252
415
6,920
8,414
-277
-945
1,384
8,252
-1,653
225
-671
-2,054
847
1,441
3,203
30
443
968
698
-731
3,236
-2,023
20
905
-1,192
-1,756
22
Profit taxes payable
-396
1,540
-357
500
-430
825
-389
3,135
-488
6,696
-328
3,083
23
Miscellaneous liabilities
*
.5
1.7
*
*
.9
*
-1.3
1.3
26.9
20.2
*
.6
. 1
-.1
.1
.7
4.9
.7
-.3
-. 1
2.9
9
10
11
12
13
17
18
19
20
21
. 2 22
1.1 23
132
-230
-204
-35
-136
-207
*
.2
. 1
*
- . 2 24
8,188
3,997
2,423
4,871
3,817
2,853
33.7
26.8
18. 1
37.0
50.7 25
11.0
. 1
6.0
.1
.2
.7
3.8
11.5
13.8
.1
.2
.1
*
.6
9.5
.2
.4
4.3
-.5
24 Discrepancy
25 Memo: Acg> of credit mkt. inst
Mutual Savings Banks
1 Current surplus
2 Net acg. of financial assets
3
Demand deposits and currency
4
Time deposits
5
Fed. funds and security BP's
6
7
8
9
10
11
Corporate equities
Credit market instruments
O.S. Treasury securities
O.S. Govt, agency secur.
State + local obligations
Corporate bonds
12
13
14
15
Mortgages
Consumer credit
Commercial paper
Miscellaneous assets
16 Net increase in liabilities
17
Deposits
18
Miscellaneous liabilities
[,083
295
919
319
-41
205
494
724
-92
56
-240
-109
233
107
-194
-110
-204
-312
-28
577
-8
445
-35
-619
-147
22
-32
885
501
1
-89
356
49
1,415
1,386
-322
1,708
528
-234
-102
374
1,041
496
1,997
-101
-60
1,337
315
2,168
-150
13
147
165
971
-87
-155
-96
-29
-1,307
-169
1,056
1,100
543
-23
-134
627
661
114
-6
71
-659
733
-53
18
3
-737
-1,118
-500
-106
-51
575
349
129
-10
984
133
2,361
1,481
349
507
880
-158
-65
120
872
1,615
-743
-375
1. 1
.5
*
.2
-.3
. 1
.2
3.1
-.4
.2
.9
2. 1
- 1 . 1*
5.5
.1
5.7
.3
-. 1
-. 1
*
2.2
.2
.1
816
.5
.2
.5
2,643
1,544
1,099
10.4
10.2
5.3
4.7
.6
3.4
.2
. 1
-.1
.2
10.7
2-2
1-7
.6
3-5
2.3
.2
.1
.6
3. 1
11.0
11.2
.3
-.1
-. 4
. 1
12.8
1. 1
2
3
4
5
2.9
.9
2.8
6
7
8
9
10
11
4.4
.3
.4
.4
12
13
14
15
13. 1 16
13-0 17
. 1 18
19 Discrepancy
Credit Onions
1 Current surplus
2 Net acq. of financial assets
3
Demand deposits and currency
4
Time deposits
5
Savings and loan deposits
6
7
8
9
Credit market instruments
O.S. Government securities
Home mortgages
Consumer credit
10 Credit union shares
85
100
108
115
106
115
.3
.3
.3
.3
.4
1
1,063
12
-1,085
-413
-705
17
-786
-2,992
1,467
23
605
2,995
3,462
20
36
3,261
2,770
20
-487
2,495
,107
20
-326
846
3.5
3.2
3.3
5.8
-.1
.5
3,056
1,828
123
1,105
-2,156
-1,444
125
-837
145
342
125
-322
742
367
125
250
1,567
477
126
964
.3
-.6
3-6
.5
.4
2.7
2
3
4
5
2,549
932
143
1,474
.1
.6
2.9
.5
.2
2.2
6.4
-. 1
-.2
.1
2.7
.4
2." 3
5.4
1.1
.5
3.8
6.6
.6
-5
5.5
6
7
8
9
978
-805
1,359
3,347
2,664
1,992
3.3
2.9
3.0
5.5
6 . 0 10
1 1 1 / 8 2 BASED ON PBELIMINARI AND INCOMPLETE INFORMATION
*
*
*
.2
.4
*
NOVEMBER 22, 1982
Savings Institutions
Savings Institutions
23
Sector Statements of Saving and Investment
SEASONALLY ADJUSTED ANNUAL JRATES
SEASONALLY ADJUSTED ANNOAL RATES
1981
J
|
1981
III
II
IV
|
|
I
1982
II
Savings and Loan Associations
-5.5 Current surplus
2
3
4
67.3
58.2
1.5
64.3
51.6
.3
55.4
43.1
3.7
51.8
27.9
2.6
33.1
15.4
-.2
43. 1
26.8
.6
26.5
4.1
-1.4
22.6
-3.7
-.3
67.0
5.7
1.2
61.7
-16.9
2. 1
5
6
7
8
7.7
-.2
.1
2.3
12.4
.1
.4
1.7
8.6
.5
-2.2
2.5
21.3
.5
2.5
-.7
17.9
1.0
-.7
4.2
15.8
.4
.8
2.5
23.8
1.4
-3.0
3.6
26.7
1.3
1.9
6.1
60. 1
.3
5.7
3.2
76.5
2.8
7.1
6.2
71.9
1.6
3.6
4.6
Other assets
Demand deposits + currency
Tiae deposits
Jed. funds • security HP's
5
6
7
8
9
10
11
12
13
-1.0
4.9
-2.9
3.9
-.1
.7
6.3
5.7
8.1
1.5
3.7
*
-3.5
6.6
.1
1.2
9.0
-2.4
6. 1
.2
1.7
6.4
-4.9
5.0
-.1
2. 1
19.7
-1.8
8.6
-.3
1.8
4.6
.1
.4
5.1
1.3
9.3
4.2
29.1
-.2
-.6
T8.5
-.6
28.4
-.2
3.0
29.8
3.2
28.0
-.4
.8
30.4
0.S. Treasury securities
O.S. Govt, agency secur.
Sxate + local obligations
Open-market paper
Miscellaneous
9
10
11
12
13
14
15
16
64.2
50.9
1.9
60.5
44.2
2.1
51.9
39.1
.5
51.1
41.8
2. 1
38.1
19.3
3.0
47.3
6.8
9.5
32.3
18.5
-8.8
30.2
19.4
12.8
74.1
46.0
-1.1
65.5
20.3
10.0
44.0 Net increase in liabilities
-48.5
Deposits
6.4
Security RP's
17
18
19
20
21
9.9
1.2
3.1
1.4
4.3
14.3
.7
.8
.3
12.5
11.4
1.4
-1.2
2.0
9.2
6.6
.4
-.8
-.1
7. 1
13.1
-.5
-2.4
-.2
16.2
28.4
-.9
-1.2
2.6
28.0
21.2
-1.1
-3.9
1.0
25.2
-7.4
.9
-2.7
-6.8
1.2
21.0
12.6
2.9
4.1
14.0
.9
-1.9
13.5
-23.2
.1
3.2
-10.3
-16.2
22
23
.3
1.1
.4
-.6
.5
.4
.6
-1.5
4.2
-1.3
4.0
-1.6
3.0
-1.8
7.3
-1.5
9.7
-1.7
24.3
-1.5
13.9
.3
-.6
-.4
-.7
-.8
33.0
4.9
4.0
39.3
15.8
-1.1 Memo: Acq. of credit akt. inst 25
-1.4
-1.7
-1.9 Current surplus
4.8
2.2
-.9
.3
3.4
1.7
-.2
1.1
3.1
1.0
-.4
4.0
7.0
.9
-.2
2.5
1.3
-.6
3.9
-1.6
8.4 Net acq. of financial assets
.5
Demand deposits and currency
.6
Tiae deposits
1.0
Fed. funds and security HP's
-.6
3.2
2.5
.3
-.4
-3.9
-.4
3.6
-.1
-2.6
-.1
3.2
3.2
2.7
-.2
.1
-2.2
.5
-.9
3.2
*
*
*
24
-.5
-.2
-.3
.6
25
63.2
57.0
-48.3
45.8
-. 1
19.7
39.0 Net acg. of financial assets
-37.8
Mortgages
5.0
Consumer credit
2
3
4
14
15
16
Credit market instruments
Corporate bonds
Mortgage loans in process
Bank loans n.e. c.
Fed. home loan bank loans
17
18
19
20
21
Profit taxes payable
Miscellaneous liabilities
22
23
-.5 Discrepancy
24
Mutual Savings Banks
2
3
4
5
12.5
*
.6*
10.9
1.0
.3
*
5.2
-.3
-.3
.9
8.2
1. 1
.6
4.2
1.2
-. 1
1.5
*
6
7
8
9
10
11
.4
1 1. 1
.1
2.-6
.4
1.2
.1
9.3
-.9
1.7
.5
.1
-.1
4.4
-.2
1.3
-.4
-1. 1
-.5
5.9
.8
2.5
-.5
.7
-.6
1.2
-.-2
1.2
-. 1
-1.0
•1.0
2.2
.7
.9
-. 1
•2.5
-.4
1.1
-1.8
2.2
-.6
-.4
-1.7
-.2
1.2
-.1
-.5
12
13
14
15
6.5
.5
.3
7.1
.7
.2
.1
3.6
.1
1. 1
.5
.6
.4
1.5
1.0
-. 1
-.3
1.8
.9
.3
-. 1
3.0
2.0
-.3
-.4
1.9
.1
-1. 1
-.4
-.6
.7
-1.9
-.2
2.5
1.3
-4.3
.5
-.6
3.9
16
17
18
11.5
11.1
.4
10.0
8.6
1.4
4.6
3.4
1.2
8.3
7.5
.8
5.5
3.0
2.6
6.3
1.7
4.6
5.2
-.3
5.5
4.4
5.8
-1.4
8.7
6.0
2.7
1.5
1.9
-.3
*
*
*
*
2
3
4
5
Corporate equities
Credit market instruments
O.S. Treasury securities
O.S. Govt, agency secur.
State + local obligations
Corporate bonds
6
7
8
9
10
11
Mortgages
Consumer credit
Commercial paper
Miscellaneous assets
12
13
14
15
10.1 Net increase in liabilities
7.2
Deposits
3.0
Miscellaneous liabilities
1.6
17
18
-.1 Discrepancy
Credit Onions
1
.5
.6
.3
.2
.4
.3
.4
.4
.5
.4
2
3
4
5
8.2
.1
.1
.8
6.S
.1
*
-.5
4.8
.2
*
1.8
8.5
.1
2. 1
3.9
3.5
.1
-.7
.4
2.0
*
-4.3
-1.8
-2.8
.1
-3.1
-10.4
8.9
.1
2.4
14.8
13.3
.1
.1
9.5
8.6
.1
-1.9
8.0
6
7
8
9
7.2
.5
.3
6.4
7.3
.1
.6
6.7
2.8
*
.6
2.2
2.-4
4.3
.5
-2.5
3.7
1.2
.5
1.9
8.1
3.7
.6
3.8
10.7
7.3
.5
2.9
-8.3
-5.8
.5
-3.1
3.6
1.4
.5
1.7
2.5
1.5
.5
.5
4.4
1.9
.5
2.0
10
7.7
6.4
4.4
8.3
3.1
1.6
-3.2
8.5
12.8
8.2
7.7 Credit union shares
BILLIONS OF DOLLARS.
111/82 BASED ON INCOMPLETE INFORMATION.
.5 Current surplus
8.2 Net acq. of financial assets
.1
Demand deposits and currency
-1.3
Time deposits
5.0
Savings and loan deposits
Credit market instruments
O.S. Government securities
Home mortgages
Consumer credit
1
2
3
4
5
6
7
8
9
10
NOVEMBER 2 2 , 1982
I n s u r a n c e and P e n s i o n
I n s u r a n c e and
Funds
Sector S t a t e m e n t s of Saving and
Pension
Funds
Investment
UNADJUSTED NRT ILOVS ($ KILL)
ONADJOSTED NET FLOWS ($ MILL)
1581
III
II
IV
I1
|1
I
1982
II
1972
III
B I L L I O N S OF DOLLARS
1973
1974
1975
1976
life Insurance Companies
1 Current surplus
2 Physical investment
3 Net acq. of financial assets
Demand deposits and currency
4
1,885
1,229
2,215
1,354
2,318
1,887
2,417
1,432
2,432
1,347
2,543
1,408
1.7
1.1
11,811
361
13,229
572
10,089
1,161
9,912
-2,142
11,778
927
11,560
436
14.4
.2
5
6
7
8
9
Corporate equities
Credit market instruments
0..S. Government securities
Treasury issues
Agency issues
344
9,166
1, 157
-254
1,411
1,229
9,420
895
240
655
1,101
6,073
946
975
-29
821
9,691
2,059
1,409
650
704
8,774
1,652
82 7
825
1,066
8,618
2,929
2,097
832
10
11
12
13
14
15
State • local obligations
Corporate bonds
Mortgages
Open-market paper
Policy loans
Miscellaneous assets
124
2,776
2,088
1,293
1,728
1,940
88
1,481
1,663
3,190
2,103
2,008
107
1,006
2,064
286
1,664
1,754
218
2,964
1,015
2,089
1,346
1,542
274
2,887
777
1,798
1,386
1,373
257
2,366
1,305
599
1,162
1,440
11,193
2,156
6,813
-263
2,487
11,978
2,302
7,603
40
2,033
10,800
2,932
6,186
-58
1,740
9,098
2,538
5,383
172
1,005
11,015
2,628
7,444
-205
1,148
9,987
2,557
6,053
206
1,171
38
-350
1,142
171
322
-438
16 Net increase in liabilities
17
Life insurance reserves
18
Pension fund reserves
19
Profit taxes payable
20
Miscellaneous liabilities
21 Discrepancy
P r i v a t e Pension
3.5
9.7
. 1
*
. 1
2.3
1.2
3.1
1.6
2.5
2.3
16.9
. 1
16.6
-.1
3.6
12.3
-.2
-.4
. 1
2.3
12.9
. 1
-.1
.2
*
7.0
1.5
.2
.9
1.0
5.9
4.4
*
2.2
.9
28.2
. 1
3
4
1.9
16.9
1.7
1.4
.4
3.0
23.7
1.5
.6
.9
5
6
7
8
9
1. 1
16. 9
2.4
.4
1.4
1.5
10
11
12
13
14
15
19.8
8.5
8.1
-.1
3.3
27.6
8.2
15.3
. 1
3.9
16
17
18
19
20
15.6
6.6
6.4
2.6
2.5
2.6
*
20.4
-.1
.8
9.1
2.9
.7
1.6
1.7
15.5
7.4
5.5
*
1
2
.3
4.0
4.9
1.1
2.7
1.4
13.8
6.7
4.4
*
2.8
2.0
*
-.4
.5
-.4
8.3
-.2
.8
10.7
2.7
11.8
.1
-1.3
11.2
.1
-. 1
1
2
3
4
5
6
7
8
-2 21
Funds
1 Net acq. of financial assets
Demand deposits and currency
2
Time deposits
3
4,952
23
610
7,649
23
2,112
6,365
23
967
5,812
23
-936
6,451
23
-993
7,172
23
158
6.7
.3
4
5
6
7
8
2,326
1,893
952
752
200
594
4,820
3,904
2,504
1,400
900
4,375
2,600
2,100
500
978
5,647
4,700
3,419
1,281
1,475
5,846
4,025
2,500
1,525
1,779
5,112
3,329
1,818
1,511
7.3
-1.0
1.0
.9
.1
5.3
2.3
.7
-2
.6
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
861
80
100
908
8
100
1,700
75
100
905
42
100
1,616
205
1,603
180
100
-1.0
-.9
.2
1.9
-.4
. 1
4.5
1.8
-.3
9
10
11
Corporate equities
Credit market instruments
O.S. Government securities
Treasury issues
Agency issues
Corporate bonds
Hoxt gages
Miscellaneous assets
100
*
*
*
*
.1
.2
9
10
.2 11
*
State and Local Government Employee Betxrement Funds
1 Net acg. of financial assets
Demand deposits and currency
2
9,111
-414
6,803
501
5,995
-704
7,125
85
7,578
686
6,274
105
8.5
.3
9.5
.4
9.7
.5
11.3
-.4
3
4
5
6
7
2,132
7,393
2,846
2,099
747
2,751
3,551
880
480
400
1,200
5,499
2,809
2,010
799
1,656
5,38-4
3,360
1,641
1,719
998
5,894
2,734
2,667
67
1,408
4,761
1,538
971
567
3.7
4.6
.3
-.3
.6
3.4
5.7
. 1
-1.1
1.2
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
75
3,994
478
-33
2,008
696
1.69
2,141
380
-33
1,413
644
305
2,783
72
97
2,621
505
-. 1
4.2
.2
-.3
5.2
.7
-.7
6.5
.6
1.0
6.8
-.2
1.4
8
5. 1 9
.2 10
8
9
10
Corporate equities
Credit market instruments
0.5. Government securities
Treasury issues
Agency issues
State • local obligations
Corporate bonds
Mortgages
12.9
*
1
2
3
4
5
6
7
Other Insurance Companies
1 Current
4
5
6
7
8
9
10
11
12
823
surplus
2 Net a c q . of f i n a n c i a l
3
D e m a n d d e p o s i t s and
assets
currency
Corporate equities
C r e d i t market i n s t r u m e n t s
O.S. Government securities
Treasury issues
Agency i s s u e s
State • local obligations
C o r p o r a t e bonds
Commercial mortgages
Trade credit
13 Net i n c r e a s e in l i a b i l i t i e s
14
Corporate equity issues
15
Profit taxes payable
16
Policy p a y a b l e s
17
1,750
3, 117
3,171
3,744
3,03 8
4,768
38
57
36
29
25
12
1,064
1,401
7
448
650
761
1,015
-512
-721
1,908
1,844
-227
-4 12
2,362
1,397
209
466
174
292
1,092
1,163
648
343
92
690
177
102
704
1,326
185
97
64 1
1.2
7.9
6.4
*
*
2.4
3.4
4.3
-.7
3.6
54 8
707
76
102
493
1.2
5.4
.5
3,278
2,393
828
569
-494
1,258
1,420
883
-19
101
592
473
63
101
973
2,406
2,801
3,209
3,463
3,943
274
-79
270
-26
264
-39
258
-5
251
-57
245
28
2,183
2,162
2,576
2,956
3,269
3,670
111/82 BASED ON PBELIMINAEI AND INCOHPLETE INFORMATION
1.8
3.0
3.7
.1
-.3
.4
764
2,378
Discrepancy
985
V
*
. 1
4.8
-.6
*
*
-. 1
*
4.7
. 1
-.5
4.6
.4
*
.4
-. 1
2.2
2.0
.6
*
5.3
.5
•
4.8
. 1
-.7
.9
1
7.3
14.9
.2
2
3
.9
12.5
3. 1
2.6
.6
4
5
6
7
8
. 1
-.7
7.3
2.5
1.9
.6
5.4
9
3.9 10
. 1 11
.5
2.6
2.2
.1
.6
5.8
.9
7.2
1.0
4.9*
6.2*
11.3 13
.9 14
. 1 15
10.3 16
1. 1
-.9
-2.8 17
*
1.2 12
NOVEMBER 22, 1982
Insurance and Pension Funds
Insurance and Pension Funds
Sector Statements of Saving and Investment
SEASONALLY ADJUSTED ANNUAL BATES
1977
1978
1979
SEASONALLY ADJUSTED ANNUAL HATES
1980
1981
|
II
1981
III
1982
II
Life Insurance Companies
1
2
3.6
1.9
4.3
2.2
4.9
3.0
5.5
3.9
7.9
6.2
7.5
4.9
8.9
5.4
9.3
7.5
9.7
5.7
9.7
5.4
3
4
31.2
.1
35.7
.2
37.8
.3
37.4
47.5
46.3
50.1
44.7
1.1
.4
2.6
.6
38.8
-3.3
46.0
.5
5
6
7
8
9
1.2
27.5
1.6
-.1
1.7
-.1
33.1
2.0
-.5
2.5
.6
33.4
2.9
.1
10
11
12
13
14
15
.5
18.8
5.2
-.3
1.7
2.5
.4
17.3
9.4
1.5
2.6
2.4
16
17
18
19
20
31.1
11.3
14.9
.4
4.6
35.1
11.7
18.3
.6
4.5
2.'8
*
2.4
.5
3.2
1.4
4.9
4.4
3.3
2.8
4.3
36.0
36.8
34.5
32.7
32.7
35.3
2.7
1.0
1.8
5.5
2.3
3.1
5.5
-.2
5.6
4.2
1.5
2.6
3.5
3.6
-.1
6.9
4.3
2.6
7.5
4.2
3.3
31.3
12.7
.3
8.7
.5
7.3
8.0
7.4
7.3
7.3
.8
9.0
8.7
5.9
6.9
7.8
.2
6.7
7.5
7.6
8.4
8.0
.1
7.3
5.9
9.2
6.7
7.0
1.0
9.5
4.9
5.0
5.4
6.2
1.4
9.3
3.4
8.2
5.5
5.5
44.8
47.3
36.4
10.2
21.5
. 1
44. 1
10.5
29.8
12.3
1.6
4.7
3.5
2.2
6.6
3.6
35. 1
12.3
17.5
35.5
11.4
20.6
46.5
9.9
8.6
9.2
28.9
27.3
30.4
43.2
11.7
24.7
.9
4.4
1.2
2.2
-.2
7.8
-.1
9.0
-.2
8.5
-.2
7.0
4.6
.2
3.6
9.3
3.3
.9
9.9
6.1
-3.0
4.6
5.8
1
2
3
4
5
6
7
8
9
10
11
18.7
15.9
14.0
22.3
22.5
.1
2.5
.1
5.5
.1
-1.4
.1
1.4
.1
1.8
4.5
1.9
8.3
2.1
1.6
.5
6.1
8.8
2.8
1.9
.8
5.9
.3
.1
5.7
.3
.4
12.2
5.4
4.8
.6
6.6
. 1
-.5
3
4
5
6
7
8
9
10
4
5
6
7
8
1.8
17.4
13.7
8.5
5.2
2.1
18.4
11.4
8.7
2.7
6.3
21.0
16.9
12.8
4.1
5.6
26.4
19.2
12.2
7.0
6.5
18.2
11.1
6.0
5.2
4.4
.6
.4
3.6
.1
.4
3.4
.2
.4
3.6
*
.4
6.8
.2
.4
3.6
.4
.4
6.5
.7
.4
6.4
.7
.4
28,.5
30..3
2..7
6.,6
21..5
13..4
6..6
6.,9
26.5
.3
9.2
6.1
3.1
8.,5
29,.6
11.,4
8..4
3..0
11..0
14..2
3.,5
1..9
1.,6
4.8
22.0
11.2
8.0
.1
9.0
1.8
.3
16^.0
1.,9
,1
a'..0
2.,8
2.6
4.1
5.3
7.2
17.0
10.8
20.9
20. 1
7.1
2.7
4.4
6.6
5.3
1.4
9.9
6.2
3.7
.2
6.0
.3
.4
S.O
.5
Other I n s u r a n c e
Corporate equities
Credit market i n s t r u m e n t s
U.S. Government securities
Treasury i s s u e s
Agency i s s u e s
Corporate bonds
Mortgages
Miscellaneous assets
3.2
.3
4.,0
25,.1 Net a c g . of f i n a n c i a l a s s e t s
.4
10.,9
10,.7
,3
5..6
.0
6.,2
3..9
2.,3
23, .6
and currency
1
2
Corporate equities
Credit m a r k e t i n s t r u m e n t s
U.S. Government securities
Treasury issues
Agency i s s u e s
3
4
5
6
7
Demand d e p o s i t s
.7
.6
.1
.7
1.,5
2..6
1.,2
11.
!3
,4
10*.5
2..0
16.8 Net acg. of f i n a n c i a l
*
Demand d e p o s i t s and
State • l o c a l o b l i g a t i o n s
Corporate bonds
Mortgages
4
5
6
7
8
20.2
20.4
18.8
11.3
.3
15.0
. 1
.3
.4
.2
10.4
.2
12.2
.1
14.0
. 1
15.6
. 1
1.6
6.9
.3
-.5
.8
1.8
5.6
-.2
-1.4
1.2
2.6
6.9
-1.4
-2.1
.7
3.0
8.5
4.6
2.4
2.3
4.3
9.1
6.5
1.5
5.0
3.9
10.9
7.3
1.7
5.7
2.8
.3
.4
2.0
1.2
2.0
3.2
3. 1
17.5
16.5
13.4
3.0
2.5
.5
1.2
.7
.5
1.3
.2
9.9
1.8
1.6
.2
9
10
11
12
10.7
13.5
3.7
.1
1.3
1.8
9.9
2.0
.3
1.9
.3
2.0
4.0
2.2
.4
2.6
4.7
.7
.4
2.8
2.6
5.3
.4
2.6
3.5
-.1
.4
2.4
1.9
.3
.4
2.2
13
14
15
16
14.1
15.1
15.9
13.8
10.4
1.4
.8
.2
.9
.3
1.1
.4
14.7
12.4
9.5
1.1
-.2
8.6
11.2
1.1
-.2
10.3
12.8
1.0
-.1
11.8
14.0
1.0
-. 1
13.1
2.3
2.2
. 1
12.6
1.5*
14.1
B I L L I O N S OF D O L L A R S .
1. 1
7.7
*
1.1
r.2
9.5
1 1 1 / 8 2 BASED ON I N C O M P L E T E
8
9
10
Companies
3.3 C u r r e n t
2
3
10
11
Funds
24..0
- 2 ..8
5.5
2.7
2.7
9.5
1.3
Retirement
27.
2.
*
3.7
. 1
Employee
36..4
- 1 .,7
27.3
11.9
3.2
1.0
1
2
3
9.1
10.3
6.6
5.3
1.3
1.3
*
25.9 Net acg. of f i n a n c i a l a s s e t s
.1
Demand d e p o s i t s and c u r r e n c y
.6
Time d e p o s i t s
9.1
6.5
2.6
16.2
Discrepancy
28.5
.1
-4.0
7.3
1.0
16
17
18
15
20
24.0
.1
-3.7
12.9
20.7
10
11
12
13
14
15
24.9
.1
3.9
9.6
.3
State * l o c a l o b l i g a t i o n s
Corporate bonds
Mortgages
Open-market paper
Policy l o a n s
Miscellaneous assets
28.1
.1
8.4
5.8
4.7
1.2
15.3
5
6
7
8
9
22.3
.1
2.4
CMO
1
2
Corporate equities
Credit m a r k e t i n s t r u m e n t s
U.S. Government securities
treasury issues
Agency i s s u e s
Funds
10.8
State and L o c a l G o v e r n m e n t
3
4
3*9.9 Net i n c r e a s e in l i a b i l i t i e s
Life insurance reserves
10.2
Pension fund r e s e r v e s
24.2
Profit t a x e s p a y a b l e
.4
Miscellaneous liabilities
5.1
1.2
P r i v a t e Pension
assets
currency
43.3 Net a c g . of f i n a n c i a l
Demand d e p o s i t s and
1.9
32.8
11.6
12.6
1
2
10.2 C u r r e n t s u r p l u s
5.6 P h y s i c a l i n v e s t m e n t
INFORMATION.
2. 1
1.6
surplus
assets
currency
Corporate equities
C r e d i t market i n s t r u m e n t s
U . S . Government securities
Treasury i s s u e s
Agency i s s u e s
4
5
6
7
8
State • l o c a l o b l i g a t i o n s
C o r p o r a t e bonds
Commercial mortgages
Trade credit
9
10
11
12
7 Net i n c r e a s e in l i a b i l i t i e s
0
Corporate equity issues
*
Profit taxes payable
7
Policy p a y a b l e s
2.1
Discrepancy
13
14
15
16
NOVEMBER 2 2 , 1982
F i n a n c e N. E . C .
Finance
Sector S t a t e m e n t s of
UNADJUSTED
NEJ FLOHS
Saving and
($ MILL)
UNADJUSTED
1982
II
198 1
III
1 C u r r e n t s u r p l u s of
group
-665
-1,151
7 Net i n c r e a s e in l i a b i l i t i e s
8
C r e d i t marXet i n s t r u m e n t s
9
Corporate bonds
10
Bank l o a n s n . e . c.
11
Open-market paper
12
13
14
Profit t a x e s p a y a b l e
I n v . by parent c o m p a n i e s
Other aisc. l i a b i l i t i e s
10,419
5,272
8,093
-1,482
5 Net i n c r e a s e in l i a b i l i t i e s
6
Corporate equity issues
7
Credit market i n s t r u m e n t s
8
Mortgages
9
C o r p o r a t e bonds
10
Bank l o a n s n . e . c .
11
Open-market paper
Miscellaneous
11.4
13.2
1,274
6,502
6.6
3.6
4.2
-1,88t
-1.3
9.5
3.0
4.6
2.0
6.6
6.0
1.8
.7
3.6
-142
-271
-355
-417
-110
*
_
1.4
_
.7
_
3.4
2.3
-. 1
1.2
6.4
2.1
.5
-3..6
-4.8
-4. 1
-3.8
6,186
2,296
-990
-1,897
5,183
6,379
2,877
-180
2,605
-58
196
969
1,514
-100
-350
-197
-358
-119
-400
-117
-125
-
250
161
281
8
-261
-189
-35
-135
-100
-80
-49
-31
-44
43
-87
7
•322
•322
-72
•322
•139
389
-
-185
150
12
-35
-150
-125
-214
286
2
301
3
-
299
97
11
4
Investaent
assets
currency
1,317
-94
-77
-17
5.0
4.2
.8
5.6
5.6
-45
29
-74
49
-81
-45
3
6.3
1.7
4.6
.5
.4
1.3
2.5
6.5
1.0
5.6
.3
.6
4.0
1.4
-.9
1.5
.2
.2
4.4
.7
-3.3
•1.4
-.9
-.9
•1.5
-1. 1
-4
Corporate equities
C r e d i t marJcet i n s t r u m e n t s
U.S. Government securities
State • l o c a l o b l i g a t i o n s
C o r p o r a t e bonds
Open-marJcet p a p e r
-639
1,960
-288
Companies
(Mutual
12.7
4.3
3.1
-2.8
.6
-2. 1
3.3
_
7
8
9
10
11
12
13
14
912
799
537
2,164
-111
55
-34
18
147
*
-.2
-253
-252
1,838
451
-4
•1.8
-2.2
2,623
2,150
.3
1-3
668
698
80
280
-9
347
802
issues
5,521
*
-.3
-2.0
-1.1
-.3
-.1
.4
-1.9
-
-.6
.1
.4
-.2
-1.9
-.3
2
3
4
5
6
7
8
•9
10
11
-27
496
-872
.5
-.3
1.2
.6
-.4
.7
-.2
2,610
4,543
2,525
6,122
-. 1
-.2
.9
-.3
- 2 . 4 10
Market
Mutual
20,434
4,648
15,786
225
10,077
10,815
-738
732
6,226
3,560
2,666
745
5,394
240
5,154
-603
14,213
17,669
-3,456
-1,033
14,964
34,332
21,070
9,396
10,289
21,627
Security
B r o k e r s and
assets
currency
3,633
-106
5,536
-4,864
2,105
4,005
-19
-55
-20
4
3
34
Corporate equities
C r e d i t market i n s t r u m e n t s
U.S. Government securities
State • l o c a l o b l i g a t i o n s
Corporate bonds
Security c r e d i t
2,835
-568
•3,622
1,152
3,776
2,000
-1,164
1,781
2,327
2,593
2,835
1,385
2,172
-420
-2,070
-521
2,171
-1,803
3,544
3,559
3 , 150
-193
-195
-969
409
774
5,446
5,428
3,979
1,449
624
1,152
628
payable
AND I N C O M P L E T E
4
5
6
7
8
9
1,298
4,670
-4,437
9,107
1,035
1 1 1 / 8 2 B A S E D ON P R E L I M I N A R Y
-.9
.5
•
147
6
7
8
9
9 Net i n c r e a s e in l i a b i l i t i e s
10
Security credit
11
From b a n k s
12
Customer credit balances
-.4
.7
.4
2,235
-496
21,627
1,022
5,642
2,168
-385
219
-.2
-2-4
-.2
*
.5
.3
-1. 1
10,289
1,462
3,845
-547
738
1 Net acq. of f i n a n c i a l
2
D e m a n d d e p o s i t s and
1
2
3
383
9,396
-1,183
-2,768
2,756
3,620
issues
-.1
-2.5
: 1
737
21,070
271
3,801
4,415
1,774
C r e d i t market i n s t r u m e n t s
U.S. Government securities
O p e n - a a r k e t paper
Miscellaneous
-. 1
--4
.1
.1
332
794
599
113
34,332
-209
8,420
2,564
2,898
1.2
1,318
4,056
-145
4,405
14,964
1,396
1,886
2,557
3,420
Profit t a x e s
.2
.4
Funds)
3,040
1 Net a c g . of f i n a n c i a l a s s e t s
2
Demand d e p o s i t s and c u r r e n c y
3
Time deposits
4
Security R P f s
5
Foreign deposits
10 Net share
*
1,641
334
Money
13
5. 1
.5
2.7
1
2
3
4
5
6
Trusts
surplus
10 Net share
3
4
5
6
7
8
2.4
2.4
.2
11.7
liabilities
2 Net a c q . of f i n a n c i a l
3
Demand d e p o s i t s and
4
5
6
7
8
9
-109
-36
3
2
Open-End
1 Current
-.4
3.4
8.6
,.2
11.4
investment
2 Net a c q . of f i n a n c i a l a s s e t s
3
Mortgages
4
Miscellaneous assets
12
.2
3.7
-1
10,547
8,120
1,004
1,393
5,723
650
Real E s t a t e I n v e s t m e n t
1 Physical
-1.3
1.9
4.8
629
965
-2,000
-159
604
-1.9
-287
2,856
4,989
3,344
1.9
4.6
5.0
6,929
7,972
6,093
-1,355
2
2.9
.2
2.6
11.9
.2
4.9
-1,073
-3,414
-798
1,i38
-3,954
26
4,077
-147
3,485
-156
1,960
1,698
5. 1
-481
27
-1,509
3,172
-338
11.7
739
28
8,065
43
500
25
475
500
456
9.7
.3
9.5
1.7
3.6
4.2
29
5,243
220
MILL)
Companies
4,103
30
10,389
1,400
3,407
5,582
505
($
-659
Finance
1 Net a c q . of f i n a n c i a l a s s e t s
2
Demand d e p o s i t s and c u r r e n c y
3
C r e d i t market i n s t r u m e n t s
4
Mortgages
5
C o n s u m e r credit
6
O t h e r l o a n s {to b u s i n e s s )
NET FLOWS
B I L L I O N S OF DOLLARS
1973
1974
1975
-479
-1,617
N.E.C.
Investment
INFORMATION
16
804
1,500
-320
-1,164
-3,720
-1,000
24
-16
282
1,780
-483
2,327
-949
-4,963
-4,971
-5,563
2,014
2,004
592
1,017
3,905
3,856
1,109
2,747
987
.1
-
*
-. 1
-
-
Funds
1.6
. 1
.5
.1
.8
.1
.6
-.1
.7
.8
-.1
-3.6
-3.0
3.2
-.2
-.1
.<f
.2
.4
-.6
-.8
.2
-.4
-.6
-4.3
-3.4
-3.4
-3.2
*
Dealers
4.2
*
.2
.3
.2
-.1
.2
3.7
4. 1
4. 1
3.9
.2
.6
*
-.2
8.4
.2
1
2
-1.6
1.2
1.0
-.1
-.1
1.2
1.0
.5
3.1
2.4
.3
.5
4.6
3
4
5
6
7
8
-3.0
-2.9
-1.9
-1.0
2.9
2.9
2.2
.6
8.0
7.9
6.5
1.5
9
10
11
12
*
NOVEMBER 22, 1982
finance N.E.C.
Finance N.E.C.
Sector Statements of Saving and Investment
SEASONALLY ADJUSTED ANNUAL .RATES
1
SEASONALLY ADJUSTED ANNUAL RATES
1977
1978
1979
1980
1981
-2.2
-.9
-2.5
-3.3
-4.0
1
J
22.7
13.5
11.6
11.5
16.2
10. 1
7
8
9
10
11
23.5
16.9
23.6
18. 1
27.'1
16.6
7.8
.7
8.4
6.4
3.9
7.8
4.3
-1.0
13.3
6.3
5.4
1.4
-.5
.2
2.7
2.6
.4
5.5
4.6
.7
4.4
3.5
12
13
14
24. 1
.2
.2
22.5
24.0
1.2
7.8
_
-.5
7.1
.9
27.3
.2
27. 1
.8
13.8
.1
13.7
.6
9.7
3.4
14.8
II
-3. 1
IV
-3.5
-3.9
33. 1
. 1
33.0
35.4
.1
35.3
14.0
4.2
9.8
15.8
.1
15.6
2. 1
24.9
9.5
18.9
8.7
25.3
14.1
29.9
19.8
-.8
1.0
-.5
.1
37.2
21.9
-1.0
13.9
20.2
-.4
7.9
*
2.4
]F i n a n c e
1
2
3
4
5
6
1981
III
26.5
.1
26.3
2.9
3..6
|
I
1982
II
III
-5. 1
-3. 1
- 3 . 5 iCurrent surplus of group
-3.5
1
3.4
8.1
8.0
17.5
. 1
17.4
-2. 1
11.5
-1.4
13.1
1
2
3
4
5
£
Companies
1.7
4.2
9.3
. 1
3.3
2.9
*
.4
. 1
14.0
5.3
-4.1
-1.9
-.2
.1
.5
5.0
9.7
-.2
23.1
-5.4
-11.9
23.8
-.3
-.5
10.4
13.4
-.7
7.8
6.8
-.6
3.9
6.1
-1.4
-1.7
-1.4
.6
-.5
-1.6
1. 1
15.7
19.5
-4. 1
-.7
1.8
2.6
et acg. of financial assets
Demand deposits and currency
Credit market instruments
Mortgages
Consumer credit
Other loans (to iusiness)
13.3
13.3 Net increase in liabilities
Credit market instruments
12.5
5.8
Corporate bonds
Bank loans n.e.c.
12.7
Open-market paper
-6- 1
-.7
1.2
.4
Profit taxes payable
Inv. by parent companies
Other misc. liabilities
7
8
9
10
11
12
13
14
Real Estate Investment Trusts
2
3
4
-3.2
-2.4
-1.4
-1.1
-1.0
-.7
-.8
-.3
.3
-1.0
.4
5
6
7
8
9
10
11
-2.4
-1.4
-.4
-.7
.2
-.5
-.7
1.5
-1.0
.6
-2.5
*
.6
-1.4
. 1
-.6
-.3
.9
-1.3
*
*
-1.7
.7
-2.2
-. 1
-.1
-.2
-2.4
-1.4
-1.4
-1.7
.1
.1
-.2
*
-.2
-.7
-1. 1
-1.3
-1.3
-.4
-1.4
1.0
-1.0
-.8
-.3
-1.3
-. 6
1.6
-.1
-.7
.6
*
-.6
1.1
-.5
-.4
-.1
-.5
-.9
1.2
Physical investment
.4 Net acq. of financial assets
.3
Mortgages
.1
Miscellaneous assets
.2 Net increase in liabilities
.1
Corporate equity issues
.3
Credit market instruments
.2
Mortgages
.3
Corporate bonds
.2
Bank loans n.e.c.
*
Open-market paper
-.3
-.2
-.1
*
1
2
3
4
5
6
7
8
9
10
11
Miscellaneous liabilities
Open-End Investment Companies (Mutual Funds)
1
-.7
-.8
-.9
-1.9
-3.0
-2.1
-2.7
-3.2
-4.7
-2.6
-3-3 Current surplus
1
2
3
.2
-.9
-.8
.1
3.1
.1
4.7
6.1
*
1.6
-.4
5.5
.2
11.9
-.1
9.8
.1
22.4 Net acq. of financial assets
.6
Demand deposits and currency
2
3
4
5
6
7
8
9
-3.7
-1.6
-2.8
-1.8
3.3
.2
1.6
1.9
1.1
.8
-.2
.5
-.7
1.1
1.4
.8
-.2
4.8
.3
2.0
1.3
1.2
-.6
5.3
.9
2.9
1.6
-.1
-1.7
7.8
-1-2
3.6
3.2
2.1
-.8
2.8
.3
1.1
*
1.4
-2.1
7.4
1.3
3.2
2.4
.5
1.5
10.5
2.9
8.9
-2.0
.6
1.1
8.6
1.5
5.2
-.1
2.0
5.6
16.2
-.6
17.6
2.7
-3.5
4
5
6
7
8
3
10
.9
-. 1
.1
5.0
7.7
8.2
4.2
8.7
16.5
12.4
137.3
84.3
41.2
*
1. 1
*
*
*
Corporate equities
Credit market instruments
U.S. Government securities
State + I6cal obligations
Corporate bonds
Open-market paper
25.7 Net share issues
10
Money Market Mutual Funds
1
2
3
4
5
.2
6
7
8
9
-.1
-.3
10
*
6.9
*
34.4
*
23.2
.1
107.5
59.9
-.7
5.6
7.5
2.7
.1
.5
7.5
2.1
4.6
9.0
3.2
1.7
22.8
19.8
14.9
62.5
23.7
38.8
-.1
3.2
.6
2.6
.5
.4
.4
1.9
.2
6.9
34.4
29.2
107.5
.3
.1
*
.1
4.2
2.6
15.6
12.3
8.9
12. 1
-.8
1-1
10.2
13.7
33.7
10.3
11.6
15-2
17.7
7.1
37.6
-4.7
-11. 1
11.0
14.5
18.7
17.7
36.4
4. 1
81.7
18.6
63.1
40.3
43-3
-3.0
24.9
14.2
10.7
.9
2.9
3.0
5.8
15.4
-2.2
3.0
21.6
1.0
20.6
-2.4
86.5 Net acq. of financial assets
4.1
Demand deposits and currency
Time deposits
8.7
Security RP*s
Foreign deposits
-1.5
22.6
56.9
70-7
-13.8
-4.1
Credit market instruments
U.S. Government securities
Open-market paper
Miscellaneous
86-5 Net share issues
1
2
3
4
5
6
7
8
9
10
Security Brokers and Dealers
1
2
.9
.3
-1
.1
3
4
5
6
7
8
.2
-.4
-.7
.2
.2
1.0
y
10
ii
12
.8
.9
1.9
-2.4
-1.0
2.6
13
-.1
-.3
-1.3
-.8
-.2
-.3
1.8
.2
.2
*
BILLIONS OF DOLLARS.
-. 1
5.4
1.3
8.5
•
-.8
1.3
1.9
.2
-.8
-1.5
-2.9
-1.4
-1. 1
8.5
4.8
4.3
-.6
.2
4.8
-.6
.5
*
-1.5
-. 1
5. 1
-.2
-.8
.6
4.9
.8
. 1
4. 1
.2
8.2
8.2
4.6
3.6
8.3
-. 1
8.2
-5.4
14.5
.9
8.2
5.5
7.9
7.9
6.3
1.6
*
111/82 BASED ON INCOMPLETE INFORMATION.
4.5
-.2
13.£
-.1
11.1
.3
.8
10.8
-8.3
-2.1
11.1
-7.2
8.0
2.5
.3
2.5
4.1
4.2
1.1
13.2
13.3
3. 1
7.5
5.8
-9.8
*
.2
4.9
6.0
-1.3
1.7
*
3.7
-.2
-4.0
.2
.1
3.7
-14.9
-1.9
-10.2
-10.3
-12.6
2.4
1.3
1.2
-2.9
4. 1
22.4 Net acq. of financial assets
Demand deposits and currency
.1
12.5
13.5
-. 1
1.1
12.5
-3.8
Corporate equities
Credit market instruments
U.S. Government securities
State • local obligations
Corporate bonds
Security credit
22.0
22.0 Net increase in liabilities
Security credit
21.8
From banks
10.8
Customer credit balances
11.0
.2
Profit taxes payable
3
4
5
6
7
8
9
10
11
12
13
NOVEMBEE 2 2 , 1982
Monetary and I n s u r a n c e
Reserves
Monetary
.Foreign E x c h a n g e , T r e a s u r y C u r r e n c y , I n s u r a n c e R e s e r v e s , and I n t e r b a n k
UNADJUSTED
MET FLOWS
UNADJUSTED
($ MILL)
1.981
III
IV
|
I
1982
II
III
1972
Gold and O f f i c i a l Foreign
1 Total
O.S.
5 0.S. foreign e x c h a n g e p o s i t i o n
6
Official fgn. currency hldgs.
7
Treasury
8
Monetary authority
Het J M F p o s i t i o n
O.S. Government asset
Monetary a u t h o r i t y
-.7
-.6
-1
255
256
-1
-106
-653
-477
-176
712
-122
52
-174
-331
-369
-706
337
547
548
-1
834
833
1
38
30
8
292
131
132
-1
398
399
-1
877
102
732
-630
-223
-868
-5
-863
-397
-754
-316
-438
775
774
1
645
642
3
357
356
1
20
20
-
Exchange Holdings
-76
-266
222
224
-2
reserves
2 O . S . gold stock and S D R ' s
3
O.S. Govt.:
Ex. S t a b . Fund
4
M o n e t a r y a u t h o r i t y (2)
9
10
11
and I n s u r a n c e
V,001
289,
2901
*
-.5
-.2
-.2
.2
-.2
-.2
*
Reserves
Claims
NET FLOWS
($ BILL)
B I L L I O N S OF DOLLARS
1973
1974
1975
(1)
-.2
*
-.1
-.2
*
1.5
.2
.1
. 1
*
.1
-.1
2.6
. 1
. 1
*
1
2
3
4
1.3
.8
.3
.2
.1
2.5
.3
.2
.1
5
6
7
8
1.3
1.3
.5
.4
.1
2.2
2.2
*
9
10
11
.9
1.0
1.2
1.4
-.2
1
2
3
*
*
-.2
*
*
*
.8
*
(1) L i n e s 1, 2, and 3 e x c l u d e i n c r e a s e s in S D R ' s t h r o u g h a l l o c a t i o n s , w h i c h
o c c u r r e d at v a r i o u s d a t e s b e g i n n i n g January 1970. T r a n s a c t i o n s in S D R ' s
are i n c l u d e d .
A l s o e x c l u d e d from the t a b l e are r e v a l u a t i o n s of foreign
c u r r e n c y h o l d i n g s , g o l d , S D R ' s , and IMF p o s i t i o n .
A l l o c a t i o n s and
r e v a l u a t i o n s a r e r e f l e c t e d in t a b l e s on o u t s t a n d i n g s .
|2) T r e a s u r y gold
stock.
Treasury C u r r e n c y
349
403
-54
1 Total O.S. Govt, liability
2
Monetary a u t h o r i t y asset
3
Unallocated assets
358
410
-52
128
165
-37
354
-496
850
337
297
40
and S.D.R.
Certificates
471
405
66
.5
.7
-.2
I n s u r a n c e and P e n s i o n Fund
Life insurance
.5
-.1
Reserves
reserves:
1 Net c h a n g e in l i a b i l i t i e s
2
0. S. G o v e r n m e n t
3
Life i n s u r a n c e c o m p a n i e s
2,250
94
120
134
110
133
117
2 , 156
2,302
2,932
2,538
2,628
2,557
4 Net c h a n g e in a s s e t s
2,250
2,422
3,066
2,648
2,761
2,674
5 Net c h a n g e in l i a b i l i t i e s
6
U.S. Government
7
Insurance sector
8
Life insurance companies
9
P r i v a t e pension f u n d s
10
St.-floe. govt. r t r . f u n d s
22,055
1,179
20,876
6,813
4,952
9,111
33,119
11,064
22,055
7,603
7,649
6,803
18,805
18,546
6,186
6,365
5,995
15,455
-2,865
18,320
5,383
5,812
7,125
23,401
1,928
21,473
7,444
6,451
7,578
31,482
11,983
19,499
6,053
7,172
6,274
11 Net c h a n g e in a s s e t s
22,055
33,119
18,805
15,455
23,401
31,482
(HH)
2,422
3,066
2,648
2,761
2,674
6.9
.2
6.7
7.6
.2
7.4
22.6
25.4
2. 1
23.2
6.7
8.4
.2
8.2
. 1
6.6
Pension fund r e s e r v e s :
(hh)
259
4.4
6.7
8.5
5.5
8.3
9.5
•4.8
•1.0
-.2
3.5
1.4
2.0
3.8
1.6
-.7
-.5
-.5
-.2
.3
-3.7
-1.6
-2.7
-2.4
-.9
-.2
.6
-4,683
-714
3,969
.1
.5
.4
-1.5
.3
.2
Net I n t e r b a n k
1 Met c h a n g e in l i a b i l i t i e s
2
Monetary authority
Member bank r e s e r v e s
3
4
Vault c a s h
5
6
7
8
9
10
11
1,715
-1,277
-2,538
1,261
Commercial banking
T o monetary a u t h o r i t y
T o foreign b a n k s , net
l i a b i l i t i e s , net
O.S.-chartered banks
Due f g n . a f f i l i a t e s
L e s s : Due from a f f .
12,361 - 2 1 , 7 7 5
-2,577
4,253
3,617
-2,0 15
636
-562
7,960
1,310
1,129
3.0
19.6
181
-9,157 -11,414
-4,905
398
-6,159
120
278
1,254
2,992
-40 1
2,445
3,932
2,319
5,970
3,651
8,108
1,781
7,83 1
9,795
5,906
10,161
4,255
-19,198
-1,934
-14,400
-13,820
-10,137
-3,165
6,972
6,650
1,165
-1,723
2,535
3,228
-383
-3,611
-4,252 -11,812
-345
-2,493
-5,692
-9,129
-9,037
-1,729
28 -4,354
1,902
4,039
1,874
8,|393
29.6
2.7
26.8
6.4
10.7
9.7
34.9
3.7
31.2
8. 1
11.8
11.3
2.1
1. 1
-. 1
-11.2
1.0
.8
.2
.6
.2
-12.0
-.3
-1.2
-1.6
2.6
4.2
-.8
6.3
-8.0
-1.3
-5-9
-4.0
-7.0
.7
7.6
2.2
4.5
2.3
-.9
.9
1.7
2.9
4.0
1.0
12
13
14
.9
.6
.2
1.9
1.3
.6
1.8
1.9
-.1
15
16
17
-3.3
2.5
3.2
4.9
10.4
-3.8
-4.2
-4.2
-2.0
-.9
.3
4.2
.3
4.8
-.9
3.9
18
19
20
21
22
23
24
-3,683
3,172
6,855
-693
-3,097
-2,404
-1,757
2,552
4,309
15
16
17
L e s s : Dep. at fgn. b a n k s
O.S.-chartered nanks
F g n . .bkg. o f f . in 0. S.
1,487
1,241
1,964
1,478
580
-136
4,258
4,010
3,963
3,858
92
782
246
486
716
248
105
-690
18
19
20
21
22
23
24
To O.S. banking, net
U.S.-chartered banks
Liabilities
To don. a f f i l i a t e s
To f g n . o f f i c e s
Unallocated
L e s s : D u e f r o a fgn off.
948
-1,504
-2,864
-2,565
-9,740
2,297 - 2 4 , 0 8 4
519
-316
3,282 - 2 0 , 9 0 4
-2,864
-1,504
4,862 - 1 4 , 3 4 4
7,208
2,585
-190
-7,450
-4,215
-4,593
-7,260
7,208
-1,934
1,785
-309
2,491
1,778
-1,072
1,785
2,800
-190
3,235
•4.6
2.7
4.2
.6
8.3
316
-703
-1,778
4,593
-.6
-.1
1,580
6,560
4,862 - 1 4 , 3 4 4
3,282 - 2 0 , 9 0 4
5,326
-1,934
-7,260
3,872
2,800
-1,072
2,667
3,235
2.2
2.7
.6
4.0
8.3
4.2
2.6
7.2
4.6
-1.6
-.8
-2.6
25
Domestic
26
27
28
F g n . bkg. o f f . in U. S.
Due t o U . S . b a n k s
Less:Due from O.S.bks.
affiliates
978
16,663
-978
812
16,663
15,851
-519
29 Net c h a n g e in a s s e t s
Foreign
30
Domestic
31
Monetary authority
32
federal Reserve float
33
34
L o a n s t o member b a n k s
2,445
-1,678
-401
-755
35
36
37
-1,277
-2,538
1,261
4,253
3,617
636
948
-1,504
U.S.-chartered banks
Member rank r e s e r v e s
Vault c a s h
38 D i s c r e p a n c y :
F l o a t s , etc.
1 1 1 / 8 2 B A S E D ON P R E L I M I N A R Y
767
354
AND I N C O M P L E T E
13,865 -18,911
7,83 1 - 1 4 , 4 0 0
6,034
-4,511
-1,934
1,781
305 - 1 , 0 4 9
1,476
-885
568
568
752 - 1 0 , 9 4 2 - 1 1 , 2 2 4
-1,723
2,475
1,165
-5,692
-5,250
-345
120
663
1,045
-1,008
-9,129
-2,095
-2,493
-1,978
-515
-2,577
-2,015
-562
1,310
1,129
181
-4,905
-6,159
1,254
398
120
278
-2,864
7,208
1,785
INFORMATION
5
6
7
8
9
10
11
1.6
-9.9
-8.0
-7.1
3,889
7,463
3,574
948
1
2
3
4
-.2
.6
1,613
5,360
3,747
15,851
-9.0
-1.0
-.9
-- 1
4.6
-2.1
p g n . b k g . o f f . in U. S.
Due f g n . a f f i l i a t e s
L e s s : Due from a f f .
651
703
5
6
7
8
9
10
44.0
Claims
12
13
14
1,114
17,777
39.5
15.3
11.2
12.9
*
•4.6
•6.2
•3.4
.6
.6
-.2
-.7
.6
1.6
-.4
1.9
•1.0
•2.1
1. 1
-.3
1.2
.3
*
.3
.6
. 1
3.3
4.6
2.5
7.2
-3.3
1.5
-3.8
-.1
2.0
-.1
1.5
-2.7
-.2
-7.4
-9.9
1.9
-2.3
-2. 1
-1.1
-1.0
2.4
1.6
1.7
-.1
-.3
.8
.2
.6
-1.6
-.9
-.7
3.5
1.4
2.0
-1.2
1.0
-. 3 25
-.9
3.9
4.8
26
27
28
-8.2
-5.9
-2.3
-1.3
-1. 1
-.2
29
30
31
32
33
3-4
-1.0
-.9
-.1
35
36
37
NOVEMBER 22, 1982
Monetary and Insurance Reserves
Monetary and Insurance Reserves
Foreign Exchange, Treasury Currency, Insurance Beserves, and Interbank Claims
SEASONALLY ADJUSTED ANNUAL RA1ES
1977
1978
1975
29
SEASONALLY ADJUSTED ANNOAL BATES
1980
1981
!
J
II
1981
III
1982
I
|
IV
III
Gold and Official Foreign Exchange Holdings (1)
-1.2
-1.3
2
3
4
.2
.1
5
6
7
8
.1
-.2
-.2
1.6
.9
9
10
11
.3
.3
-4.2
-4.2
.2
.2
•
-1
*
.1
.1
.3
-.2
*
.5
4.7
-.3
3. 1
-1. 1
*
*
7.0
4.1
3.6
-1.1
-1.1
.7
.7
. 1
.9
.1
•9
-
•
*
*
8.1
6.5
3.9
2.6
3.3
.9
.8
1.7
1.7
2.5
2.5
*
*
*
-1. 1
_c. 9
3.5
.4
2.9
2.5
- 3 ,.5
2,. 6
2,. 6
1.4
1.4
*
3.1
3. 1
*
1.6
1.6
*
-1.6
-3.0
-1.3
-1.8
-3.5
-.3 Total O.S. reserves
.5
.5
*
*
*
-.4
*
-.7
2.2
2.. 2
3.3
3.3
*
O.S. gold stock and SDB's
0. S. Govt.: Ex. Stan* Fund
Monetary authority {2)
- 1 . 3 O.S. .foreign exchange position
Official fgn.currency hldgs.
-1.5
Treasury
-2.8
1.3
Monetary authority
2.8
-.5
.2
-.7
-2.6
-1.9
*
1.0
1.0
1.2
1.2
•
.2
. 1
*
Net IMF position
O.S. Government asset
Monetary authority
1
2
3
4
5
6
7
8
9
10
11
(1) Lines 1, 2, and 3 exclude increases in SDB's through allocations, which
occurred at various dates beginning January 1970. Transactions in SDB's
are included.
Also excluded from 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
.3
.6
-.3
.5
.6
*
1.6
1.7
-. 1
1.3
1.5
-.2
1.2
1.4
-.2
1.4
1.6
-.2
1.4
1.6
-.2
1.4
-. 1
3.4
1.3
1.2
.2
1.9 3Total O.S. Govt, liability
1.6
Monetary authority asset
.3
Unallocated assets
.5
.7
-2.0
1
2
3
Insurance and Pension Fund Reserves
Life insurance reserves:
12.0
11.5
10.3
11.4
*
12.5
55.6
1
2
3
11.5
.2
11-3
12.5
.3
.3
11.7
12.3
4
11.5
12.0
5
6
7
8
9
10
55.9
.6.4
49.5
14.9
18.7
15.9
61.8
.4
9.9
9.0
.4
8.6
9.7
.5
9.2
12.3
.5
11.7
10.6
.4
10.2
11.0
.5
10.5
10.7 Net change in liabilities
.5
O.S. Government
10.2
Life insurance companies
11.5
10.3
9.0
9.7
12.3
10.6
11.0
10.7 Net change in assets (HH)
78.2
88.4
94.5
103.6
17.8
85.8
30.4
28.1
27.2
81.3
80.0
93.7
93.7 Net change in liabilities
18.5
U.S. Governaent
18.5
Insurance sector
75.2
Life insurance companies
24.2
Private pension funds
25.9
25.1
St.+loc. govt. rtr. funds
5
6
7
8
9
10
Pension fund reserves:
6.9
7.9
8.7
9.8
8.5
54.9
18.3
15.3
20.7
47.7
17.5
14.0
16.2
69.4
20.6
22.3
26.5
78.7
28.9
22.5
27.3
86.0
27.3
22.3
36.4
7.7
6.0
73.6
24.7
24.9
24.0
74.0
21.5
24.0
28.5
101.0
12.4
88.6
29.8
28.5
30.3
80.0
101.0
93.7 Net change in assets (hh)
11
-75.1
-22.4
-9.0
-13.4
29.9
18.0
-26.7
-20.6
-24.0
- 667.3
7 . 3 Net change in liabilities
Monetary authority
1.7
Member frank reserves
3.3
Vault cash
-1.6
1
2
3
4
-52.7
-15.7
-28. 7
-26.3
-20.1
11.8
14.4
-26.8
-9.7
-6.4
-1.1
Net Interbank Claims
1
2
3
4
-1.3
15.7
20.7
3.5
1.7
1.8
5.9
4.4
1.5
-1.4
5
6
7
8
9
10
11
-4.8
9.8
3.6
5.4
5.0
1.2
4.4
12
13
14
2.5
5.6
3. 1
3.7
7.1
3.3
15
16
17
2.0
.4
1.6
-.5
-.9
.4
18
19
20
21
22
23
24
-5.4
-2.7
1.4
-.8
1.2
-1.3
3.5
4.8
3. 1
.8
-3.5
11.8
14.4
-5.4
-9.0
1.3
-15.9
-3.4
r-2.2
-1.2
3.6
.6
-12.4
-2.9
-7.1
-4.1
-3.0
14.1
17.1
19.8
13.2
-.6
20.3
20.1
14.3
13.1
-1.2
-29.8
-1.9
-24.5
-19.1
-20.2
-5.7
14.5
20.2
26. 1
13.3
25.2
11.9
5.1
8.5
5.8
1.2
15.5
13.5
12.3
-1.1
11.1
12.3
12.9
24.6
11.7
5.4
3.4
2.0
3.0
3.4
-.4
5.9
5.0
1.0
-3.4
-12.4
12.6
-2.4
-9.7
1.6
3.0
19. 1
.5
9.7
-.2
-.2
*
-1.7
-4.0
12.0
-30.8
-1.0
-2.3
31.5
18.3
17.7
16.4
14.7
24.0
1.6
1.5
16.5
5.3
3.3
-6. 1
5.5
5.5
8.8
3.3
-.68.9
-13.6
-60.2
-59.8
-25.2
-2.1
23.0
-34.6
-13.7
20.9
Fgn. bkg. off. in U.S. 12
Due fgn. affiliates 13
Less: Due from aff- 14
.4
less: Dep. at fgn. banks 15
U.S.-chartered banks
16
Fgn. bkg. off. in U.S. 17
.7
-10.3
9.3
21.7
1.7
20.5
18.8
-6.2
11.9
18, 1
-3.3
-4.0
-.7
. 1
13.7
13.7
7.9
5.9
1.9
2.3
-.5
2.9
17.0
16.0
15.9
15.4
1.0
.4
.3
-.4
3.5
4.8
-17.3
-8.4
-22.9
-77.1
-1.3
-67.4
-8.4
-54.2
24.2
-1.5
63.6
8.4
-.9
2.8
-7.8
-27.9
24.2
-9.2
-10. 1
-38.8
-27.7
-18.4
-14.1
3. 1
-2.8
1.4
2.7
13.3
-3.4
25. 1
-2.4
15.7
.3
15.3
12.3
-1.7
16.0
.7
2.1
-.9
-.4
65.0
18.0
-1.6
-3.0
-1.4
-2.7
-1.4
-3.9
-2.1
1.3
-2.8
-7. 1
18.4
-1.1
7.3
3.7
8.6
5.7
15.3
16.0
12.3
15.7
65.0
59.4
13.3
-54.2
-67.4
18.6
-9.2
-27.9
18.4
5.0
6.1
18.9
18.0
25.2
11.2
-1-4.1
29
30
31
32
33
34
4.1
-.8
5.0
1.4
1.2
.2.
14.9
-66.7
-28.7
-38.0
-15.7
-12.1
-3.6
-26.8
32.4
14.4
35
36
37
3.5
1.7
1.8
5.9
4.4
1.5
2.3
1.6
6.1
-5.4
3.0
8.0
.8
5.0
25
26
27
28
8.0
5.4
9.5
3.6
2.7
.9
22.4
20.3
2. 1
.5
.3
.3
1.6
-1.4
3.0
11.7
25. 1
13.3
6.0
1.4
7.1
7.1
3.9
59.4
-.9
-27.4
-24.5
-3.0
-1.9
-2.3
-13.4
-7.1
-6.3
-2.9
-2.7
14.2
20.2
-6.0
31.9
-.6
.4
-<2
2.5
5.1
1.5
3.6
-1.0
-2.3
-3.4
-2.2
-1.2
-5.4
-9.0
18.3
17.7
3.6
.6
1.3
-3.1
8.5
23.4
-22.4
-9.0
-13.4
5.7
8.8
5.6
18.0
.5
7.1
3.5
8.3
8.3
-10.1
-30.2
-10.3
-19.9
.7
2.9
-2.2
4.8
11.2
Commercial banking
To monetary authority
To foreign banks, net
liabilities, net
U.S.-chartered banks
Due fgn. affiliates
Less: Due from aff.
To O.S. banking, net
0. S.-chartered banks
Liabilities
To dom. affiliates
To fgn. offices
Unallocated
Less:Due from fgn off.
Domestic affiliates
-20.6
-24.0
1.7
3.3
16.5
3.3
-1.6
0.S.-chartered banks
Member bank reserves
Vault cash
4.8 Discrepancy:
BILLIONS OF DOLLARS.
111/82 BASED ON INCOMPLETE INFORMATION.
18
IS
20
21
22
23
24
25
Fgn. bkg. off. in U.S.
26
Due to U.S. banks
27
Less: Due from U. S.bks. 28
- 772.0
2 . 0 Net change in assets
Foreign
- 660.2
0.2
Domestic
-11.9
Monetary authority
-13.6
Federal Beserve float
-8.6
Loans to member banks
-5.0
1.5
5
6
7
8
9
10
11
Floats, e t c
29
30
31
32
33
34
35
36
37
NOVEMBEB 22, 1982
Deposit Claims
Deposit Claims
Monetary Claims On Financial Institutions
UNADJUSTED NET FLOWS {$ MILL)
UNADJUSTED NEJ FLOWS ($ Mill)
1981
III
IV
|
I
1982
II
III
1972
BILLIONS OF DOLLARS
1973
1974
1975
1976
Currency and Checkable Deposits
1 Net change in total assets
14,668
2,145
7,649
14,439
24.2
16.3
6.9
18.6
24.8
1
2
3
4
5
Pvt. domes, sectors, by type
Currency
Demand deposits
Other checkable
6,026
2,904
•5,284
8,406
-1,399
-208
-6,514
5,323
38,143
7,620
23,932
6,591
-23,283
-4,074
-24,607
5,398
6,584
4,207
-1,076
3,453
738
698
-6,147
6 , 187
23.0
4.4
18.5
. 1
14.9
3.9
10.8
.2
8.7
6.3
2.2
.2
16.1
6.2
9.2
.7
18.6
7.3
9.5
1.8
2
3
4
5
6
7
8
9
10
11
12
Pvt.domes.sectors, by holder
Pvt. domestic nonfinancial
Households
Business
State+local governments
Mail float
financial sectors
6,026
4,156
-435
2,804
1,587
200
1,870
-1,399
-3,50 1
7,355
-1,867
-1,863
-7,126
2,102
38,143 -23,283
35,957 -20,836
14,514
-2,011
2,938
-6,622
-2,172
2,139
16,366 - 1 0 , 0 3 1
-2,447
2,186
6,584
2^681
-1,691
2,361
554
1,457
3,903
738
-2,202
6,976
1,053
-3,323
-6,908
2,940
23.0
21.4
13.6
2-6
.5
4.7
1.5
14.9
14.6
13.9
1.6
-.6
-.4
.4
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
6
7
8
.9
10
11
12
13
Foreign
1,980
6,662
414
3 , 130
-3,912
-7,989
-3,179
671
1,395
-330
-1,885
15,586
1.6
-.4
2.9
-1.5
2.8
-4.6
-.3
2.8
3.2
3.0
13
14
14
U.S. Government
14,668
2,145
26,242
-25,791
7,649
14,439
24.2
16.3
6.9
18.6
24-8
15
2,719
-125
-60
2,904
401
576
33
-208
8,571
768
183
7,620
-5,601
-1,395
-132
-4,074
5,595
1,209
179
4,207
7,318
6,839
-219
698
3.2
-1. 1
-. 1
4.4
3.4
-.5
-. 1
3.9
7.0
.4
.2
6.3
10.6
4.5
•
6.2
10.5
3. 1
.2
7.3
16
17
18
19
12.7
-1.0
3.0
10.8
-.2
-5.1
2.6
2.3
7.6
-1.7
-.3
9.6
13.4
-.1
3.0
10.4
20
21
22
23
1
2
3
4
5
6
26,242 -25,791
15 Net change in liabilities
16
17
18
19
20
21
22
23
Monetary authority
U.S. Govt, cash • deposits
Foreign deposits
Currency outside banks
Commercial banJcing
O.S. Government deposits
Foreign deposits
Private domestic deposits
9,779
6,787
2,040
952
222
2,554
381
-2,713
16,374
-8,757
-4,095
29,226
-21,588
2,066
-3,047
-20,607
415
-1,539
1,216
73 8
5,145
8,747
-1,666
-1,936
20.9
.7
1.7
18.5
24
Savings institutions
2<170
1,522
1,297
1,398
1,639
1,976
.1
Small lime and Savings Deposits
1 Net change in liabilities
2
Commercial banks
3
Savings institutions
4
Savings and loan assns.
5
Mutual savings banks
6
Credit unions
7 Net change in assets
8
Households
9
State and local governments
10
U.S. Government
11
Credit unions
1,344
4,427
•3,083
•3,337
-377
631
6,737
10,099
-3,362
-1,210
-1,188
-964
25,274
17,052
8,222
5,391
1,754
1,077
30,235
19,426
10,809
6,463
1,336
3,010
15,331
11,606
3,725
1,001
474
2,250
18,407
9,273
9,134
6,668
730
1,736
69.7
24.7
45.0
31.8
10*0
3.3
37.0
10.5
26.5
19.2
4.4
2.9
34.9
14.6
20.3
14.5
2.7
3.0
97.4
39-3
58.1
41.6
11.0
5.5
123.9
56.9
66.9
48.7
12.5
5.8
1,344
1,413
410
-66
-413
6,737
10,269
-450
-90
-2,992
25,274
22,126
165
-12
2,995
30,235
26,860
-15
123
3,261
15,331
12,662
15
159
2,495
18,407
17,432
107
22
846
69.7
69.0
37.0
37.8
34.9
34.5
97.4
96.4
.9
.1
123.9
7
118.5
8
5. 1 9
. 2 10
. 1 11
-. 1
-
.6
-.2
-.6
*
•
.4
*
Money Market Mutual Fund Shares
1
Honey marJce* fund shares
Liab: Finance n. e. c.
Asset: Households
14,964
34,332
21,070
9,396
10,289
21,627
Large Time Deposits
1 Net change in total liab.
2
Commercial banking
3
Domestic banks
4
Foreign banking offices
5
Savings institutions
18,486
16,078
15,412
666
2,408
23,119
19,431
16,339
3,092
3,688
14,288
12,801
10,259
2,542
1,487
3,463
-96
5,785
-5,881
3,559
10,828
9,525
11,735
-2,210
1,303
18,193
T5,540
12,767
2,773
2,653
18.7
17.8
18.1
-.-4
.9
41.3
40.2
39.3
1.0
1.1
43.9
42. 1
41.0
1. 1
1.7
-8.3
-9.3
-12.7
3.4
1.0
-16.2
-17.6
-18.0
.4
1.4
6 Net change in assets
7
Pvt. domestic nonfinancial
8
Households
9
Business
10
State + local governments
11
Foreign
18,486
16,363
17,822
1,799
-3,258
804
2 3 , 119
15,026
9,467
4#445
1,114
-36
14,288
6,706
-1,345
5,617
2,434
1,310
3,463
10,187
4,221
1,337
4,629
-4,768
10,828
6,177
8,961
-1,205
-1,579
-432
1 8 , 193
11,758
4,518
3,840
3,400
824
18.7
14.5
5.3
2.4
6.8
2.9
41.3
37.7
25.8
4.7
7.2
2.8
43.9
30.8
21.3
3.8
5.7
7.7
-8.3
-14.0
-13.0
1.9
-2.9
1.5
-16-2
6
-12-0
7
-11.0
8
2 . 1 ,9
- 3 . 0 10
- 1 . 9 11
12
13
14
15
16
17
1,319
142
-234
-1,085
610
1,886
8,129
-1,576
-41
-786
2,112
8,420
-1,956
1,772
-60
36
-936
-2,768
5,083
1,747
971
-487
-993
3,845
5,611
-10
147
-326
158
5,642
5.4
.7
.2
.2
2.7
1.6
4.2
4.5
.1
-5
-1.3
.5
Financial sectors
Saving and loan assns.
Mutual savings banks
Credit unions
Private pension funds
Honey market funds
6,272
99 1
-92
605
967
3,801
1.3
1- 1
.2
. 1
-
*
. 8
-.5
.2
.3
.8
-
1
2
3
4
5
-2.3
-1.4
12
13
14
- . 2 15
- . 1 16
- . 7 17
-
Federal Funds and Security Eepurchase Agreements
1 Net change in liabilities
2
Commercial banks
3
Savings and loan assns.
2,972
609
2,363
-714
1,497
-2,211
9,133
5,928
3,205
4,016
4,285
-269
2,936
424
2,512
10,755
9,165
1,590
1.9
1.6
.3
16.2
16.2
4 Net change in assets
5
Nonfinancial corporations
6
State and local governments
2,882
1,119
726
-195
618
295
2,557
2,607
-2,899
-554
2,391
900
205
2,564
8,410
2,175
-23
269
1,518
56
4,415
4,810
-175
249
-154
797
1,337
2,756
2,696
751
-323
1,352
1,550
-87
-547
9,687
1,814
86
4,307
1,147
165
2,168
2.5
1.6
15.3
8.6
2.4
2.3
1.3
.7
90
-3,321
-794
240
1,068
-.6
7
8
9
10
Sponsored c r e d i t agencies
Savings and loan assns.
Mutual savings banks
Money market funds
11 Discrepancy-unallocated assets
-. 4
.4
. 1
-
-
-
-.4
-1.9
1.5
3.5
3.5
. 1
-.7
-5.8
3.6
-1.0
2.6
-.3
.1
-1.1
-.8
1.0
-.3
-1.0
-. 1
. 1
13.6
13.6
-. 1
1
2
3
4.2
2.3
4
5
6
7
8
9
10
-
.3
1.2
.4
*
0.S. Deposits in Foreign Countries
1 Total foreign liability
Held by:
Nonfinan. corporate business
Honey market funds
2
3
1,372
2,099
2,483
1,583
1,768
-2,185
.9
1.2
-.2
-2,048
3,420
-799
2,898
709
1,774
-2,037
3,620
1,030
738
-1,800
-385
-9
1.2
-.2
111/82 EASED ON PBELIMINABI AND INCOMPLETE INFORMATION
1.7
2
3
NOVEflBEB 22, 1982
Deposit Claims
Deposit Claiis
31
Honetarj Claias On financial Institutions
SEISOHALLY ADJUSTED ANNUAL BATES
SEAS01ALLI ADJUSTED ABBUAL RATBS
1980
1981
III
I
1981
| II
1982
II
IT J
Currency and Checkable Deposits
30.4
32.6
35.9
16.0
28.3
2
3
4
5
27.0
8.3
17.2
1.6
29.2
9.3
15.4
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
6
7
8
9
10
11
12
27.0
25.5
20.0
2.9
.8
1.8
1.6
29.2
25.6
22.5
4.5
-1.0
-.5
3.5
31.1
27.2
22.3
6.4
-1.5
4.0
*
19.6
14.5
6.4
6.7
-.8
2.3
5.1
31.9
27.8
25.7
-.6
-1.4
4.1
4.1
13
14
2.4
.9
-.2
3.7
4.2
.5
-3.6
*
-3.8
.1
-2.5
15
30.4
32.6
35.9
16.0
28.3
16
17
18
19
4.9
-3.3
8.3
*
6.3
-3.1
.1
9.3
8.2
.1
.1
7.9
9-0
-1.1
-.2
10.3
10.9
1.2
.1
9*5
1.3
-5.4
-.4
7.1
20
21
22
23
24.5
4.3
2.4
17.8
25.3
6.8
-.3
18.8
26.5
.4
4.1
22.0
4.9
-2.6
.3
7.2
8.7
-1.1
-3.9
13.7
24
1.0
1.0
1.2
2.0
8.7
-2.1
33.4
43.6
-26.8
2.1
4.4
-23.5
21.3
57.0
22.1
8.5
26.4
22.1
-8.2
8.7
21.6
6.2
12.2
-19.8
13.8
6.9
8.5
-27.2
24.7
2.4
-5.2
-.4
4.5
•1
-9.5
7.6
2.1
-6.6
5.8
-8.9
-3.6
.2
8.7
57.0
53.2
42.6
-3.8
1.3
13.2
3.8
22.1
27.3
32.7
-2.2
-3.9
-5.2
6.2
-9.5
-4.0
1.9
-4.3
-3.3
15.7
6.0
-5.8
1.6
2.1
-9.1
-.4
11.8
Pvt.doaes.sectors, by holder 6
Pvt. doaestic nonfinaacial 7
Households
8
9
Business
Stated-local governaents 10
11
Bail float
12
Financial sectors
.3
3.0
-7.2
-19.8
-3.8
-1.8
23.2
-3.4
-29.6
-6.4
42.3
Foreign
U.S. GovernBent
-2.1
33.4
43.6
-26.8
41.9 Bet change in liabilities
15
-1-3
-5.9
.3
4.4
33.8
11.4
.3
22.1
-9,. 6
-1.3
-.1
-8.2
15.8
3.1
.5
12.2
27.3
19.5
-.7
8.5
Honetarj authority
O.S. fioTt. cash • deposits
Foreign deposits
Currency outside banks
16
17
18
19
-9.8
2-9
•8
-13.5
-6.9
-1.2
2„6
-8.3
-5.J6
-15.2
-20.1
29.7
47.5
24.5
-1.7
24.7
-49.1
-32.7
-3.9
-12,. 5
6.7
22.8
-5.7
-10.3
Conaercial banking
O.S. Goveraaeat deposits
Foreign deposits
Private doaestic deposits
20
21
22
23
8.7
6.1
5.2
5.6
6.6
.2
.7
41.9 let change in total assets
7.9
Pvt..doaes. sectors, by type
Currency
Deaand deposits
Other checkable
2
3
4
5
13
14
Savings institutions
Saall liae and Savings Deposits
2
3
4
5
6
28.1
66.4
48.6
10.4
7.3
11.1
52.2
38.8
7.5
5.9
31.2
31.7
26.0
1.6
4.0
41.5
41.7
29.0
5.4
7.3
40.4
6.5
3.4
.9
2.2
7
8
9
10
11
94.5
95.1
-1.$
,1
.8
63.3
63.9
*.1
.1
-.5
62.8
61^6
-.6
.1
1.8
83.2
79.9
-.3
--2
3.9
46.9
46.5
.1
.4
15.9
24.0
-8.2
-7.1
-1.3
.3
38.8
44.7
-5.8
4.8
-3.8
-3.8
97.7
75.1
22.6
8.8
6.3
7.4
106.3
61.3
45.0
28.1
5.4
11.5
70.0
51.4
18.6
10.3
1.7
6.6
15.9
16.3
1.6
-.3
-1.8
38.8
51.4
-1.8
-.4
-10.4
97.7
82.3
106.3
96.4
-.1
.5
9.5
0.0
1.2
.1
-6
8.0
59.9
137.3
.7
*
14.8
87.6 Bet change in liabilities
42.8
Conaercial banks
44.8
Savings institutions
34.2
Savings and loan assns.
3.9
Hutual savings banks
6.7
Credit unions
87.6 Bet change in assets
82.2
Households
»4
State and local governments
.1
U . S . Governaent
5.0
Credit unions
Honey flai
1
-2
6.9
34.4
29.2
107.. 5
86.5
37.6
Honey narket fund shares
Liafc: Finance n.e.c*.
Asset:
Households
large Tiae Deposits
1
2
3
4
5
28.4
26.1
23.9
2.2
2.3
56.7
50.8
44.3
6.4
5.9
25.9
12.0
8.3
3.6
14.0
64.6
50.7
42.8
7.9
13.8
61.6
51.4
43.8
7.6
10.2
98.9
89.3
86-6
2.7
9.6
90.8
76.1
63.7
12.4
14.8
23.4
17.5
7.3
10.2
5.9
25.2
11.0
34.5
-23.5
14.2
69.3
64.0
72.9
-8.8
5.2
71.J Bet change in total liafc.
Conaercial banking
60.5
Doaestic banks
49.4
Foreiga banking offices
11.1
Savings institutions
10.6
6
7
8
9
10
28.4
25.8
12.5
4.8
8.5
-.4
56.7
46.6
36.4
2.0
8.2
1.1
25.9
21.2
16.9
4-7
-.4
1.2
64.6
48.3
45.7
4.0
-1.4
1.2
61.6
36.3
19.1
14.9
2.3
2.3
98.9
90.4
76.6
15.3
-1.5
3.0
90.8
54.2
32.9
16.0
5.3
.8
23.4
-2.7
-22.2
13.7
5.8
3.1
25.2
51.9
35.0
7.7
9.1
-17.5
69.3
50.8
41.1
4.4
5.3
-2.0
71.1
7 1 . 1 Bet change in assets
Pvt. doaestic nonfinaacial
40.9
Households
12.6
Business
12.5
State • local governnents
15.8
Foreign
4.2
6
7
8
9
10
11
12
13
14
15
16
17
3.0
.1
8.9
.4
.3
3.5
-2.2
-.3
15.1
2.5
*
2^
1.4
9.0
23.1
-.7
-.1
-.7
1.8
22.8
5.5
.8
-.9
-4.3
2.4
7.5
35.8
-3.0
-.2
-3.1
8.4
33.7
23.1
1.9
-.4
2.4
3.9
15.2
-9.2
5.7
-.2
.1
-3.7
-11.1
20.4
7.1
3.9
-1.9
-4.0
15.4
26.1
3.6
.6
-1.3
.6
22.6
12
13
14
15
16
17
11
*
.1
2.5
.3
•^——————
——
*
5.5
2.7
-1.4
7.5
*
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit anions
Private pension funds
Honey narket funds
—-.*_——.————Federal
———_Funds
——_
-.—
ai-
1
2
3
10.9
9.0
1.9
22.1
20.0
2.1
16.1
15.6
.5
20.4
18.3
2.1
17.5
14.4
3.0
7.1
-2.3
9.5
.2
9.1
-8.8
40.1
27.3
12.8
14.7
15.7
-1.1
7.0
-3.0
10.0
46.9 Bet change in liabilities
Coaaercial banks
40.5
Savings and loan assns.
6.4
4
5
6
7
8
9
10
5.4
1-2
1.0
.2
2.3
.6
.1
10.7
5.5
2.0
1.4
1.7
12.7
2.6
4.0
.6
2.5
.9
2.1
11.5
6.6
20.5
10.7
-11.6
-2.2
9.6
3.6
1-1
10.3
37.4
8.7
3.4
4.2
1.5
8.9
10.7
-4.5
2.9
-.8
2.5
.3
10.2
16.3
-.7
1.0
-.6
3.2
2.5
11.0
9.5
3.0
-1.3
5.4
6.2
-1.6
-2.2
3 9 . 1 Bet change in assets
Bonfinancial corporations
7.3
State and local governnents
.3
Sponsored credit agencies
17.2
Savings and loan assns*.
4.6
Hutual savings banks
1.0
Honey narket funds
8.7
-3.1
-3.5
-10.5
*
.1
*
1.8
-.7
.6
3.2
2.5*
-.1
1.1
6.1
4.0
17.7
1
2
3
4
5
6
7
8
9
10
7.7 Discrepancy-unallocated asserts 11
• S . Deposits in Foreign Countries
,
1.3
2.4
6.1
2.8
12.4
5.5
8.4
9.9
6.3
7-1
2
3
1.3
2.0
.5
1-5
4.6
1.1
1.7
.3
12.1
-8.2
13.7
-3.2
11.6
2.8
7.1
-8.1
14.5
4.1
3.0
*
BILLIOHS 0 * DOLLARS.
I U / 8 2 BASED OB IHCOHP1ETB IBFOBHA1I0B.
-8*7
-a.7 'Total foreign liability
Held by:
Bonfinan. corporate lousiness
Honey aarket funds
-7.2
-1.5
1
2
3
•0TEHB1B 22, 1982
0.$.Government Securities
0.S.,Governaent Securities
O.S. Goveraaent Secarities HarJeet Suaaary
32
01 ADJUSTED IBT FLOIS (S HILL)
UBADJOSTED 1BI F101S (* BILL)
1981
III
I*
1982
II
I
BXLL10IS OP DOLLARS
1973
1974
1975
1976
Total let Issues, by Sector and Type
t Total O.S. Government secor.
2
0.8.rGo vernaent
3
Spons. agencies • atg. pools
10,594
-2,580
13,174
35,486
18,482
17,004
43,887
35,719
8,168
43,170
32,748
10,422
26,367
9,383
16,984
76,040
58,254
17,786
23.6
15.2
8.4
28.3
8.3
19.9
3U9
H.9
20.0
94„9
85.5
9.4
83.8
69.1
14.6
1
2
3
By instroaent:
Treasury issues
Household savings bonds
Treas. ezcl. savings bonds
-2,421
-1,132
-1,289
18,544
-924
19,468
35,785
-109
35,894
33,304
-695
33,999
9,028
-53
9,081
57,715
147
57,568
14.3
3.3
11.0
7.9
2.7
5.2
12.0
3.0
9.0
85.8
4.0
81.8
69.1
4.7
64.5
4
5
6
13,015
-57
-102
16,942
-62
8,102
-66
9,866
-17
17,339
354
18,325
539
9.3
1.8
-.9
20.4
.7
-.3
19.9
.1
-.3
9.0
-.3
-.1
14,6
.1
7
8
9
9,583
3,591
13,485
3,519
3,561
4,607
1,782
8,640
8,362
8,622
5,188
12,598
3.5
4.9
16.3
3.6
16.6
3.4
2.3
7.1
2 . 5 10
12.2 11
31.9
94.9
83.8
.4
.3
.1
1.5
1.5
1.5
1-5
*
1
2
3
4
5
6
7
8
4
5
6
7
8
9
10
11
Other
Budget agency issnes
Xoan participations (1)
Spons. ..agency issues (2)
Hortgage pool secur. (2)
(1) Ihere .not shown separately, loan participations are included with
agency issues.
T o t a l Bet Purchases, by Sector and Type
10,594
35,486
43,887
43,170
26,367
76,040
23.6
28.3
214
31
183
-24
94
-118
311
73
238
-138
-30
-108
439
231
208
1,008
1,043
-35
-1.2
-1.2
*
*
1,889
1,974
-85
4,280
4,313
-33
7,357
6,624
733
-5,664
-5,365
-299
1,323
1,416
-93
8,336
7,388
948
.4
-.3
.7
-.J
1
9. 3
8.6
.7
5.2
2.0
3.2
8.4
7.4
1.0
10.0
9.J
.9
-1,719
-3,038
1,319
-5,723
-6,538
815
5,902
2,896
3,006
-63
-5,901
5,838
556
-1,348
1,904
1,718
3,260
-1,542
8.4
1.3
7.2
.2
-5.7
5.9
3.7
7.6
-3.9
8.1
6.6
1.5
11.6 9
3 . 3 10
8.3 11
10,210
-2,707
12,917
36,953
19,860
17,093
30,317
23,186
7,131
49,035
38,762
10,273
24,049
6,825
17,224
64,978
47,566
17,412
16.0
7.4
8.5
18.8
-.8
19.6
22.5
6.0
16.5
76.9
68.8
6.1
6 0 . 7 12
47.9 13
13*7 14
P r i v a t e doaestic aonf i n a n . . 12,049
T o t a l Treasury issues
4,779
Savings bonds (HH)
-1,132
Other Treasury issues
5,911
7,270
Agency i s s u e s
24,558
16,866
-924
17,790
7,692
6,013
4,914
-109
5,023
1,099
18,045
20,069
-695
20,764
-2,024
9,080
5,636
-53
5,689
3,444
23,669
20,863
147
20,716
2,806
4.2
5.0
3.3
1.8
-.8
19.2
11.7
2.7
9.0
7.5
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
15
16
17
18
19
7,137
1,374
-1,132
2,506
5,763
21,137
14,016
-924
14,940
7,121
3,596
2,578
-109
2,687
1,018
17,873
19,999
-695
20,694
-2,126
-1,474
-3,541
-53
-3,488
2,067
14,446
12,689
147
12,542
1,757
.4
3.1
3.3
-.2
-2.7
18.9
17.1
2.7
14.4
1.8
20.0
15.4
3.0
12.4
4.6
18. .8
19.9
4.Q
15.8
-1.0
9.7
6.7
4.7
2.1
2.9
20
21
22
23
24
>tal purchases, by s e c t o r
U.S. .-Govt., (agency s e c u r . )
Sponsored c r e d i t agencies
Treasury
Agency s e c u r i t i e s
F e d e r a l Heserve Systea
Treasury issues
Agency issues
9
10
11
Foreign
Short-ten
Other
12
13
14
T o t a l p r i v a t e doaestic
Treasury issues
Agency issues
15
16
17
18
19
marketable
*
*
20
21
22
23
24
Households
T o t a l Treasury issaes
Savings bonds
Other Treas. issues
Agency issues
25
26
27
l o n f i n . corp. business
Treasury issues
Agency issues
386
21
365
1,499
1,448
51
-756
-757
1
240
190
50
-3,384
-3,384
1,936
1,912
24
-2.1
-2.2
.1
-3.4
-4.4
1.0
2.3
1.4
.9
8.7
9.5
-.8
2 . 1 25
2 . 1 26
* 27
28
29
30
S t a t e and l o c a l govts.
Treasury issues
Agency issues
4,526
3,384
1,142
1,922
1,402
520
3,173
3,093
80
-68
-120
52
13,938
12,561
1,377
7,287
6,262
1,025
5.9
4.1
1.7
3.7
-1.0
4.7
-2.9
-5.5
2.5
-2.1
-1.7
-.4
4 . 1 28
2 . 2 29
1.9 30
1,353
-209
1,562
1,050
-2,968
4,018
3,680
1,613
2,067
4,858
3,596
1,262
-460
-2,752
2,292
3,196
1,053
2,143
6.5
2.4
4.1
-1.3
-8.9
7.6
.7
-2.9
3.6
30. 0
28.6
1.4
2 0 . 2 31
18.7 32
1.5 33
1,423
41
-111
835
254
-39
3,260
447
-27
4,695
156
7
-234
-265
39
3,707
-576
65
6.0
.3
.2
-1.4
.2
-.1
.7
.2
-.2
30.1
-.2
.1
I S . 6 34
. 5 35
. J 36
31
32
33
34
35
36
C o a a e r c i a l banking
Treasury issues
Agency issues
C o a a e r c i a l banks
Foreign banking o f f i c e s
Banks i n O.S.possessions
P r i v a t e nonbank finance
- 3 , 192
11,345
20,624
26,132
15,429
38,113
5.3
.9
2.5
21.5
24.6 37
38
39
40
T o t a l p v t . nonbank finance
Treasury issues
Agency issues
- 3 , 192
-7,277
4,085
11,345
5,962
5,383
20,624
16,659
3,965
26,132
15,097
11,035
15,429
3,941
11,488
38,113
25,650
12,463
5.3
5.3
.9
-3.7
4.5
2.5
-2.4
4.8
21.5
12.5
9.0
24.6 38
17.2 39
7.4 40
41
42
43
Savings and loan assns. ..
Treasury issues
Agency issues
-225
-1,692
1,467
331
-1,336
1,667
2,660
495
2,165
7,702
911
6,791
5,890
-1,175
7,065
8,106
699
7,407
1.6
-.8
2.4
.3
-2.P
2.3
-.4
-1.6
1.2
4.7
.6
4.1
5.6 41
4 . 9 42
. 7 43
44
45
46
flutual savings banks
Treasury i s s u e s
Agency issues
5
107
-102
383
-194
577
133
-312
445
775
661
114
374
-169
543
1,833
1,100
733
1.4
.2
1.1
-.5
-.5
.1
-.2
-.4
.2
3.9
2.2
1.7
4 . 9 44
1.1 45
2 . 9 46
47
48
49
C r e d i t unions
Treasury i s s u e s
Agency issues
932
779
153
1,828
1,436
392
-1,444
-1,344
-100
342
431
-89
367
162
205
477
484
-7
.5
.5
.3
.2
.4
.1
.3
1.1
.3
.8
. 6 47
. 2 48
. 5 49
50
51
52
L i f e insurance COBpanics
Treasury issues
Agency issues
1,157
-254
1,411
895
240
655
946
975
-29
2,059
1,409
650
1,652
827
825
2,929
2,097
832
-.2
-.4
.1
. 1
*2
1.7
1.4
.4
1.5 50
. 6 51
. 9 52
53
54
55
P r i v a t e pension funds
Treasury issues
Agency issues
952
752
200
3,904
2,504
1,400
2,600
2,100
500
4,700
3,419
1,281
4,025
2,500
1,525
3,329
1,818
1,511
.7
.2
.6
1.1
-.2
1.3
5.2
4.5
,.7
3 . 9 53
3.7 54
- 3 55
56
57
58
St.*local govt.rtr.funds
Treasury issues
Agency issues
2,846
2,099
747
880
480
400
2,809
2,010
799
3,360
1,641
1,719
2,134
2,667
67
1,538
971
567
.3
-.9
1.2
1.6
1.0
.7
3 . 1 56
1.5 57
1.6 58
59
60
61
Other insurance cos.
Treasury issues
Agency issues
-512
-721
209
466
174
292
-227
-412
185
1,397
828
569
764
-494
1,258
.4
.4
2.5
1.9
.6
3 . 1 59
2.6 60
- 6 61
62
63
flutual funds (Treasury)
Honey a k t . f u n d s (Treas.)
S e c u r i t y brokers and
Dealers (Treasury)
-288
-4,437
80
4,648
332
10,815
737
3,560
•4
. I
.8
* 62
. 2 63
-3,622
-2,070
2,000
1,500
.2
-.1
2.4 64
PBELIHIIAHI 110 IICOHPLEIB IHF0BHATI0I
*
.6
.1
*
.1
1.0
.9
.6
• 1
-1.1
1.2
2,393
973
1,420
-J 3
-.1
383
240
-145
17,669
.1
-1,000
-16
.2
(2) These issues are outside the budget and outside the 0.$..Governaent
sector in flow of funds accounts. They are included in credit
aarket debt of financial institutions.
111/82 BASED 01
*
.3
.4
*
*
*
*
*
*
NOVEMBER 22,
1982
0.5. G o v e r n m e n t S e c u r i t i e s
0. S. G o v e r m e n t
0.S. G o v e r n m e n t
SEASONALLY A D J U S T E D
ANNOAL
SEASONALLY ADJUSTED
1978
1979
1980
1981
1
II
1981
III
1
IV
|
Securities
Summary
BASES
1
1977
S e c u r i t i e s Market
I
1982
II
ANNOAL
RATES
III
Total Net issues. by Sector and Type
1
2
3
79.9
56.9
23.1
90.5
53.8
36.7
84.8
37.5
47.3
4
5
6
57.6
4.7
52.9
55.1
3.9
51.2
38.8
-.8
39.6
7
8
9
22.3
-.5
-.2
35.3
-1.1
-.3
10
11
7.0
16.1
23.1
13.6
122.9
79-3
43.6
132.6
87.5
45.1
107.6
52.6
55.0
128.2
62.8
65.4
153.2
123-1
30. 1
79-8
-7.3
87. 1
87.8
-4.3
92.2
53-2
-3.6
56.8
63.1
-5.3
68.4
123.4
-3.7
127.1
46.0
-1. 1
-.2
43.1
-.3
-.2
44.8
-.3
-.1
54.4
-.2
-.4
65.1
-.2
24.3
23-1
24.4
19.2
30.1
15.0
38.4
16.6
53.0
12.3
172.0
101.5
70.4
288.7 ^ Dotal O.S. Government secur.
O.S. Government
221.3
67.4
Spons. agencies + mtg. pools
1
2
3
97,1
1.9
95.2
100,. 1
.9
99.3
219.2
-1.4
220.5
By instrument:
Treasury issues
Household savings bonds
Ureas, excl. savings bonds
4
5
6
29.9
-.3
43.1
-. 1
-2.2
71.9
1.4
69.5
2.2
13.5
16.6
9.1
36.2
33.8
36.7
19.0
48.4
140.2
94.9
45.3
*
Other
Budget agency issues
Loan participations (1)
Spons. agency issues (2)
Mortgage pool secur. (2)
7
8
9
10
11
(1) Where not shown separately, loan participations are included with
agency issues.
Total Net Purcha&os, by Sector and Type
1
2
3
4
5
79.9
90.5
84.8
122.9
132.6
107.6
128.2
153.2
140.2
172.0
-3.8
-3.4
-.4
.6
.5
.1
.2
-.2
.4
.7
.4
.2
.4
.2
-2
-1.2
-1.9
.7
5.5
6.0
-.5
-7
-.2
1.0
-3,2
-2.8
-.4
-.7
-1.5
.8
6
7
8
7.2
5.8
1.4
7.3
7.7
-.4
7.6
6.9
.7
4.4
3.9
.6
9.9
9.6
.1
-3.6
-3.2
-.3
17.7
17.8
-.1
26.3
23.3
2.9
-7.9
-6.7
-1.2
-5.1
-4.7
-.4
35.4
31-6
3.9
9
10
11
31.5
8.1
23.4
28.2
13.9
14.3
-14. J
-18.5
4.5
10.6
12.3
-1.7
7.1
-2.5
9.6
11.2
-2.2
13.4
-23.5
-21.6
-1.9
10.3
2.9
7.4
-2.0
-28.0
25.9
17.3
3.4
13.9
8-0
19.3
-11.3
Foreign
Short-term marketable
Other
9
10
11
12
13
14
45.1
23.8
21.3
54.3
18.7
35.7
91.1
46.2
44.9
107.2
64.9
42.3
115.4
70.9
44.5
101. 1
47.1
54.0
128.5
62.8
65.7
116.0
90.9
26.0
153.4
108.6
44.7
160.5
89.0
71.4
235-5
169.7
65.9
Total private domestic
Treasury issues
Agency issues
12
13
14
15
16
17
18
19
24.6
17.5
4.7
12.8
7.1
36.3
22.4
3.9
18.5
13.9
61.4
35.3
-.8
36,. 1
26.1
38.3
24.3
-7.3
31.6
14.0
50.4
33.6
-4.3
37.9
16.9
90.1
60.2
-3.6
63.8
29.9
85.5
55.0
-5.3
60.3
30.5
30.0
26.2
-3.7
29.9
3,8
27.5
35.2
1.9
33.3
-7,8
82.2
67.8
.9
67.0
14.4
78.3
67.9
-1.4
69.2
10.4
20
21
22
23
24
19.7
14.0
4.7
9.2
5.7
29.5
21-9
3.9
18.0
7.6
45.7
25.2
-.8
26.0
20.5
28.3
19.3
-7.3
26.6
9. 1
36.8
23-7
-4.3
28.0
13. 1
82. 1
58.2
-3.6
61.8
23.9
66.1
37.9
-5.3
43-2
28.2
18.5
15.0
-3.7
18.7
3.5
23.8
32.0
1.9
30.1
-8.2
51.4
42.5
.9
41.6
8.9
34.9
28.5
-1.4
29.9
6.2
25
26
27
-6.4
-6.0
-.4
-4.5
-5.2
.7
.1
1.4
-1.3
-1.2
-1.6
.5
1.2
1.1
3.3
1.9
1.5
6.5
6.3
.2
-2.2
-2.2
-1.5
-1.7
.2
-11.7
-11.7
28
29
30
U-3
9.6
1.7
11.3
5.7
5.6
15.6
8.7
6.8
11. 1
6.6
4-5
12.4
8.8
3.6
4.7
. 1
4.6
12.9
10.8
2.1
13.7
13.4
.3
5.1
4.9
.2
31
32
33
-1.1
-1.9
.8
.5
-6.5
7.0
7.9
.4
7.6
25.6
15.9
9.7
11.7
1.9
9.8
10.6
5.7
3.4
-12.5
15.9
6.6
.4
6-3
34
35
36
-1.3
-. 1
.2
.1
-5
-.1
7.4
.5
25.0
.5
.1
11.4
.6
-.3
10.9
.2
-.4
2.5
1.0
-.2
*
*
288.7 .Total purchases, by sector
0. S. Govt, (agency secur.)
Sponsored credit agencies
9.8
Treasury
9.9
Agency securities
-. 1
Federal Reserve System
Treasury issues
Agency issues
Private domestic nonfinan.
lotal Treasury issues
Savings bonds (HH)
Other Treasury issues
Agency issues
1
2
3
4
5
6
7
8
15
16
17
18
19
Households
Total Treasury issues
Savings bonds
Other Treas._issues
Agency issues
20
21
22
23
24
6.9
6.7
.1
Nonfin. corp. business
Treasury issues
Agency issues
25
26
27
42.6
37. 1
5.5
36.7
32.6
4.1
State and local govts,
treasury issues
Agency issues
28
29
30
23.7
15.8
7.9
3.1
-5.5
8.6
10.9
2.6
8.3
4.9
1,8
-.1
23.1
.6
4.0
-1.1
,2
13.0
-2.3
.3
Commercial banking
Treasury issues
Agency issues
31
32
33
Commercial banks
34
Foreign banking offices 35
Banks in O.S.possessions 36
37
21.6
17.5
21.8
43.2
53.3
.3
39.6
79.4
102.2
75.1
146.3
Private nonbank finance
38
39
40
21.6
8.2
13.5
17.5
2-8
14.7
21.8
10-5
11.3
43.2
24.7
18.6
53.3
35.4
17.9
.3
-19-0
19.4
39.6
20.3
19.3
79.4
63.4
15.9
102.2
57.6
44.6
75.1
26.9
49.4
146.3
99.2
47.1
Total pvt. nonbank finance 38
Treasury issues
39
Agency issues
40
41
42
43
3.9
-1.0
4.9
4.6
4.6
1.0
-2.9
3.9
13,8
5.7
8.1
3.1
-3.5
6.6
3.7
-2,4
6.1
.1
-4.9
5.0
6.9
-1.9
9.6
33.3
4.2
29.1
27.9
-.6
29.4
31.2
3.2
28.0
44
45
46
2.6
.1
2.6
1.2
-.2
1.3
3.3
1.6
.7
.9
.4
-1.9
2.2
2.4
2.5
-.4
2.5
-9
-.2
1-2
1.0
-.9
1.7
47
48
49
.5
.1
.4
.1
-.4
.5
.1
-. 1
4.3
3.2
1. 1
1.2
.7
-5
3.7
3.1
.6
7.3
5.7
1.6
-5.9
-5.4
-.4
50
51
52
1.6
ll7
2.0
-.5
2.5
2.9
.1
2.8
2.7
1.0
1.9
5.5
2.3
3.1
5.5
-.2
5.6
4.2
1.5
2.6
53
54
55
5.4
4.8
.6
2.1
1.6
.5
2,8
1.9
-8
5.9
4.7
1.2
9.1
6.5
2.6
6.6
5.3
1.3
56
57
58
5.5
2.7
2,7
7.1
2.7
4.4
6.6
5.3
1.4
9.9
6.2
3.7
9.2
6.1
3-1
59
60
61
3.0
2.5
.5
1.2
.7
.5
1.3
.2
1.1
1.9
1.6
.2
62
63
.2
-.3
-.2
.6
4.2
.3
2.6
http://fraser.stlouisfed.org/
BILLIONS
OF DOLLARS.
Federal Reserve Bank
of St. Louis
1.9
.8
-.2
\.2
3.2
5.9
37
Savings and loan assns.
Treasury issues
Agency issues
41
42
43
Mutual savings banks
Treasury issues
Agency issues
44
45
46
Credit unions
Treasury issues
Agency issues
47
48
45
3.6
2.7
1.4
1.7
-.4
1.5
.6
1.9
1.9
3.5
3.6
-.1
6.9
4.3
2.6
7.5
4.2
3.3
12.7
9.3
3.3
Life insurance companies 50
Treasury issues
51
Agency issues
52
13.7
9.5
5.2
fl.4
9.7
2.7
16.9
12.9
4.1
19.2
12.2
7.0
11.1
6.0
5.2
Private pension funds
Treasury issues
Agency issues
11.4
9.4
3.0
3.5
1.9
1.6
11.2
9.0
3.2
13,4
6.6
6.9
10.9
10.7
.3
6.2
3.9
2.3
St.*local govt.rtr.funds 56
Treasury issues
57
Agency issues
58
.3
-,5
1.2
.4
.9
-.2
-1.4
1.2
-1.4
-2.1
.7
4.6
2.4
2.3
6.5
1.5
5.0
7*3
1.7
5.7
Cther insurance cos.
Treasury issues
Agency issues
.9
23.7
-1.2
-17.7
1
.3
8.6
1.3
43.3
2.9
14.2
1.5
1.0
-.6
70.7
-.6
-14.5
-9.3
9.0
6.0
-4.0
-.1
59
60
£1
Mutual funds (Treasury) 62
Honey mkt.funds {Treas.) 63
Security brokers and
Dealers (Treasury)
64
(2) These issues are outside the budget and outside the 0.3. Government
sector in flow of funds accounts. They are included in credit
market debt of financial institutions.
II1/82 BASED ON INCOMPLETE INFORMATION.
53
54
55
MOVBflBBE 2 2 , 1982
Private Secarities
34
Private Securities
State + Local Government, Corporate, and Foreign Securities
ON ADJUSTED 1RBI
0MIDJOSTED HEX FLONS ($ MILL)
I
1981
XI
III
I?
I
1982
II
I
State and
III
1972
Local Governaent
1976
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
1
2
3
4
5
16.5
8.3
.6
.5
16.1
6.2
15.7
2.0
-1.1
2-4
6
7
8
9
5.4
.3
1.8
1.0
.6
3.0 10
-.3 11
.9 12
7.9 13
1.1 14
1.4 15
Obligations
1 Net change i s l i a b i l i t i e s
2
S t a t e and l o c a l governments
3
Short-tern
4
Other
5
Nonfin. corporate business
(Industrial revenue bonds)
9,482
5,957
1,189
4,768
3,525
8,766
5,975
2,071
3,904
2,791
8,159
5,146
-536
5,682
3,013
7,005
3,584
-553
4,137
3,421
15,016
11,848
2,012
9,836
3,168
16,022
11,798
3,500
8,298
4,224
14.7
14.2
6 Net change in assets
7
Households
8
Honfin..corporate business
9
State-frlocal g o v t . g e n . . f u n d s3
9,482
6,228
8,766
5,023
8,159
3,429
7,005
4,535
15,016
14,287
16,022
9,189
14.7
14.7
17
-11
35
-
-6
-307
-5
-99
2.3
1.0
-.3
5.3
-.1
-169
-5
33
877
57
-28
2,763
2,587
-479
-1,252
1,337
7.2
5.7
-13
-8
5
-35
-56
-6
-57
-23
-95
-53
1,291
1,218
1,052
1,061
4.2
88
-33
924
107
169
648
1,068
124
218
-33
883
274
305
473
257
97
707
-. 1
794
624
2,235
-320
1,298
4,405
24
282
10
11
12
C o a a e r c i a l banking
S a v i n g s and l o a n a s s n s .
Mutual s a v i n g s banks
13
14
15
16
Insurance
Life insurance companies
state+local govt.rtr.fundss
Other insurance companies
17
18
Mutual funds
Brokers and dealers
-91
75
1,092
912
219
1,163
280
-521
C o r p o r a t e and
—
1 Net i s s u e s
2
Nonfin. c o r p o r a t e b u s i n e s s
3
Foreign
4
5
6
7
8
Total finance
Coaaercial banking
Savings and loan assns.
Finance companies
Beits
9 Net purchases
10
Households
11
Foreign
12
Coaaercial banking
13
Hutual savings banks
14
15
16
17
18
Insurance
Life Insurance coapanies
Private pension funds
St. -floe. govt. rtr. funds
Other insurance coapanies
19
20
Mutual funds
Brokers and dealers
—
—
———— ""*
•
—'
——
4,423
4,557
6,480
6,195
745
932
878
225
43
-798
-
196
-214
-36
9,530
-619
3,933
-4,674
2,428
-410
-147
7,974
2,776
4,574
1,481
908
3,994
2,008
343
177
6,173
1,006
1,706
2,141
1,326
5,263
2,964
86T
799
-9
599
2,835
2,171
1,152
3,933
4,526
1,152
-1,560
-143
-277
-990
-150
510
-223
1,004
-139
10,252
-2,727
2,013
-29
967
-88
1,505
323
-134
3
4
5
6
7
8
Other sectors
Nonfin. corporate business5
Foreign
Coaaercial banks
Other insurance coapanies
Beits
9 Net purchases
10
Households
11
Foreign
12
Coaaercial banking
13
Hutual savings banks
1,115
1,575
-5,487
-460
-850
-6,289
-6,150
-349
188
117
274
802
*
.5
.2
*
*
*
-.2
2.4
4.3
4.4
.8
1.0
2.6
_
-
..
.,
-. 1
.2
-.4
-.1
.5
.3
17
18
24.9
19.7
2.1
36.7
27.2
6.2
41.2
22.8
8.6
1
2
3
3.3
*
5.. 4 16
F o r e i g n Bonds
— ~———
-879
-56
1,350
-45
-143
7.0
3.1
-109
782
20
629
-81
4,423
-1,807
2,438
6,480
-8,051
5,631
14,482
2,113
2,641
118
71
457
-659
49
18
1,413
7,349
2,887
1,616
2,783
6,666
2,366
1,603
2,621
-19
63
76
4.2
-.7
-496
-1,164
-27
668
.5
1,780
2,327
1.0
14.6
9.2
1.0
3.6
.4
3.0
.6
1.8
.2
-
3.2
.5
.1
2.7
20.3
14.6
1.9
.1
.3
-1.1
24.9
5.1
.9
1.0
.9
36.7
8.9
.6
1.8
3.5
41.2
9
11.8 10
.9 11
- . 6 12
2.8 13
12.8
5.9
1.9
5.2
-.1
17.0
4.0
4.5
6.5
2.0
19.9
9.1
1.8
6.8
2.2
25.6
1*6.9
-.3
5.1
14
15
16
17
3,9
18
.2
.1
.4
.6
-.6
.7
1.2
13.7
-. 1
10.2
-.2
5.7
.9
10.6
-.3
10.6
-2-4
1
2
13.8
10.9
10.4
7.9
-.2
1.2
.5
1.0
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
3
4
5
6
7
8
10.2
-5.8
2.8
5.7
-.6
.5
10.6
-3.8
4.7
9
10
11
12
13
14
15
16
17
18
-
6.5
.1
1-3
2.1
9.5
7.0
-1.0
4.4
-9
-
3. 1
1.1
-
9.8
6.9
- 1
3.1
-.2
4
5
6
7
8
.3 19
.5 20
Eguities
-2,827
2,610
3,355
4,543
4,316
2,525
6,657
6,122
-5,437
-5,750
-1,188
-1,322
-214
1,791
1,250
535
108
153
245
29
-.4
1.2
.5
1.7
-
1.8
1.7
.3
-.7
2.2
341
905
.3
12.6
-.3
3.6
*
20.3
12.2
-
14,. 7
12.9
125
270
17
132
264
-185
-100
139
258
-49
101
146
251
43
1,115
-5,487
-8,607 -12,997
2,969
676
-2,827
-7,894
3,355
-934
4,316
-2,598
6,657
-2,180
13.7
-5.1
442
-16
934
7
-17
2.4
-29
.6
.4
.2
.2
10.6
-4.6
2-8
*
.1
5,238
1,066
1,779
1,408
17.4
14.6
3.6
5.3
3.4
2.4
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
-2.2
.4
-.4
-.6
-.9
1.2
-2.4 19
.5 20
-189
-12
2
-240
-109
-110
-155
995
-3
-96
5,022
1,229
3,851
1,101
4,216
4,241
1,475
14
15
16
17
18
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
4,809
19
20
Hutual funds
Brokers and dealers
344
704
-
2,326
2,132
594
900
821
978
2,751
1,200
1,656
998
7
448
650
761
1,064
985
-639
2,835
-253
2,172
-252
1,152
451
-4
-1,164
1,781
1,318
2,327
111/82 BASED ON PBELIHIHAfll AND IHCOHPLEIE XNF0BHA3ICH
.5
14,482
10,173
2,959
Corporate
1 Net issues
2
Hutual funds
.1
14.1
— — — — — — ———
9,530
5,773
2,825
10,252
7,778
1,322
FLOBS ($ HILL,)
B I L L I O N S OF D 0 L L A 1 S
1973
1974
1975
*
3.5
7.3
3.7
3.0
-1.8
.2
*
*
*
NOVEHBEB 22, 1982
Private Securities
Private Securities
State • Local Government, corporate, and foreign Securities
35
SEA SO HALL I ADJUSTED AHNOAL BATES
1977
1978
SEASONALLY ADJUSTED ANNUAL RATES
1980
1979
11
|1
1981
1981
XII
II
State and L o c a l G o v e r n m e n t
...
—
38.3
24.6
1.9
22.7
13.7
57,5
44.8
6.0
38.7
12.7
54.3 Net c h a n g e in l i a b i l i t i e s
State a n d local g o v e r n m e n t s
37.4
Short-term
9.3
Other
28.1
Nonfin..corporate business
16.9
(Industrial r e v e n u e .bonds)
1
2
3
4
5
35.9
12.2
-.2
.6
32.9
20.4
34.2
21.1
26.3
17.6
35.9
18.5
38.3
18.8
57.5
53.8
-, 1
-.4
.1
-.7
.1
-1.2
54.3 Net c h a n g e in a s s e t s
34.1
Households
Nonfin. c o r p o r a t e b u s i n e s s
S t a t e + l o c a l govt. g e n . „ f u n d s
6
7
8
9
9.5
-.1
-.4
13.6
5,0
3.3
5.0
-.1
8.2
7,6
-.2
-4.6
-1.7
-.2
-.4
*
-.1
-.2
14.3
.4
.4
13-5
9.9
8.1
.3
.1
7.7
4.4
1.0
-. 1
3.5
4.5
1.4
1.2
1.9
4.1
.5
-.2
9.9
1.4
5.2
• 1
17.6
1.1
6
7
8
9
21.9
-1.5
28.4
4.1
.2
-.7
29.8
9.8
10
11
12
9.2
,4
9.6
.1
.5
13
14
15
16
11.4
.5
.2
10.7
17
18
1.6
*
-.5
*
*
.2
35.9
26.4
3.1
23,. 3
9.5
*
*
.?
.1
.2
-.1
-.5
2.0
*
4.5
.5
4I9
2.9
•2
36.1
21.0
5.1
4
5
6
7
8
10.1
1.3
1.2
7.8
-. 1
9
10
11
36.1
1.1
"2^
and Foreign
3-2
2.5
8.9
-1.3
*
-.4
.9
.4
2.9
28.5
23,. 9
5.5
29.9
24.5
5.3
20.1
19.5
3.9
41.8
26.4
11.3
21.0
20.3
3.0
13.0
16.7
1.4
7.5
.6
.7
6.4
-.2
7.8
2.1
1.4
4.3
7.1
1.5
.4
5.4
-.2
-.8
1.2
-.5
-.8
-.7
.1
2.0
-,.9
-.5
-.6
-3.3
-.6
-1.1
-1.0
-.6
4.1
3.5
.9
.5
-.9
-2.2
-.2
-5. 1
-.6
8.7
3.1
-1.9
--1
-4.1
-,4
5." 9
-.3
31.8
-2.9
1.9
-.3
41.1
9.3
8.2
.6
28.5
-7.9
8.7
29.9
-16.7
8.1
-.1
-2.5
20.1
-17.5
9.7
-1.6
-.6
41.8
4,3
6.0
1.3
-.5
21.0
-6.4
9.8
.5
.3
13.0
-39,5
22.5
1.8
-2.6
19.0
6.7
3.6
8.0
.7
27.9
7.3
6.8
8.6
5.3
18.7
9.5
3.6
5.7
-.1
27.1
9,3
6.5
11.1
2.2
29.8
9,0
3.4
16.0
1.4
1.6
4.8
3.2
8.2
-2,0
.2
-.1
11.1
2.4
.3
1.2
.1
35.0
18.8
6.6
6.0
3.7
34.0
17.3
5.9
9.0
1.8
22.4
11.6
5.7
3.2
2.0
22.6
8.7
4.4
9.5
19
20
1.1
.2
-.7
-.3
.8
-.8
1,3
-1.5
.7
*
*
22.2
7.3
3.6
9.0
Corporate
Equities
22. 1
5.0
-2.9
7.7
6.4
8.2
-20.9
4.2
-13.1
8.7
11.8
16.5
19.6
12.4
3
4
5
6
7
8
5.6
2.7
•4
.6
1.4
.6
1.9
-.1
-3.9
-7.8
.8
1.3
.9
.9
17.1
12.9
2.1
.4
1. 1
-10.6
-11.5
-1.8
-3.4
-21.7
-23.0
.1
.5
1. 1
-.4
-4.8
-5.3
.5
1.1
-.8
-25.2
-24.6
-1.4
,5
1.1
-.7
7.2
5.0
.4
.6
1.0
9
10
11
12
13
6.5
-3.5
2, 7
1.9
-5.1
2.4
-20.9
-55.0
4.7
-13.1
-26.8
2.1
-.1
-.4
11.8
-11.0
2.4
19.6
-4.4
2.8
-.6
-*4
14
15
16
17
18
10.5
1.2
4.5
3.7
1.2
6.4
-.1
1.9
2.6
2.0
13.9
*.4
2.1
4.8
2.6
19.2
3.3
6.3
6.6
3.0
16,7
2.8
5.6
4.0
4.3
19
20
-3.7
.2
-1.6
-.3
-2.1
1.5
.3
.2
1.1
3.7
*
*
,5
1.1
.8
.7
--7
22.1
2.1
5.4
6.4
-29.0
10.8
-.5
-2.9
-31.6
5.8
-.1
-.6
14.1
.6
6.1
4.1
3.2
18.5
19.4
-5
3.2
9.6
5.3
3.1
7.3
7.2
1.6
19.0
1.4
9.1
8.5
-2.8
-.8
-1.8
-1.5
-.6
4.8
-3.8
-15.9
1.7
-. 1
BILLIONS Of DOLLABS.
17
18
business
Total finance
Commercial banking
S a v i n g s and loan a s s n s .
Finance companies
Belts
1
2
3
4
5
6
7
8
9
10
11
12
13
*
-1.0
*
-1.7
8.2
111/82 BASED ON IMCOMPLETE INfOBHATION.
*
-.4
19.5
<».9
1.8
11.0
1.8
-.8
11.1
-.9
.6
1.0
-.2
*
27.1
9.9
6.4
10.5
.3
Insurance
Life insurance companies
Private pension funds
S t . + l o c . g o v t . r t r . funds
Other insurance companies
14
15
16
17
18
2.7
12.5
Hutual f u n d s
Brokers and d e a l e r s
19
20
„«
-3.8
.1
*
Hutual f u n d s
Brokers and d e a l e r s
... .
........................
1.9
-.1
.4
13
14
15
16
6 3 . 0 Net p u r c h a s e s
Households
9,9
foreign
10.6
C
o m m e r c i a l banking
.2
Hutual savings banks
3.7
6.5
.9
.6
Insurance
Life insurance companies
State+local govt.rtr.funds
Other i n s u r a n c e c o m p a n i e s
63.9 Net i s s u e s
42.5
Nonfin. c o r p o r a t e
11.8
foreign
.3
1
2
1.1
.8
10
11
12
-1.0
, , . ——.—
. . .........—._——.
-.5
C o m m e r c i a l banking
Savings and l o a n a s s n s .
Hutual savings banks
Bonds
41.1
33.2
.8
14
15
16
17
18
\2
3.6
-.1
3.4
.1
.7
2.6
*
34.2
22.5
3.9
13
3.8
4.7
.2
-, 1
4.7
*
*
31.8
20.1
4.2
34.2
10.2
2.6
-.1
-1.1
-5.1
5.5
.8
.3
4.4
.9
Corporate
1
2
3
35*0
22.9
.4
22.5
12.1
29.8
20.0
1.0
19,0
9.8
.2
k
—
*"-'
26.3
15.2
4.2
11.0
11.2
28.4
20.7
.6
20.1
7.7
*
III
Obligations
34.2
20.1
1.9
18.2
14.j
21.9
15.2
-2.9
18.1
6.7
.6
1982
II
I
32.9
21.1
3.9
17.2
11.8
1
2
3
4
5
*
1
1
It
.2
*
27.9 Net i s s u e s
25.7
Hutual f u n d s
2.1
.4
.6
1.0
.1
Other s e c t o r s
Nonfin. corporate business
foreign
Commercial banks
Other insurance companies
Beits
27.9 Net p u r c h a s e s
Households
-12.5
Foreign
2,0
C o m m e r c i a l banking
Hutual savings banks
-.1
20.4
Insurance
4.3
Life insurance companies
6.5
P r i v a t e pension f u n d s
S t . + l o c . govt. r t r . . f u n d s
5.6
Other insurance companies
3.9
5.6
12.5
Hutual f u n d s
B r o k e r s and d e a l e r s
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
NOVEMBEB 22, 1982
Mortgages - I
Mortgages
Mortgage Markets by Type of Mortgage
UNADJUSTED NET FLOSS ($ HILI)
UNADJUSTED NET .FLOWS ($ MILL,)
1981
III
IV
1982
II
1
Total
21,048
13,293
902
5,279
1,574
24,188
18,084
1,760
2,917
1,427
76.8
43.7
12.8
16.8
79. 1
44.1
10.4
19.1
63.1
35.9
15.3
11.2
3.6
5-5
5.0
4.6
22,356
-24
-671
-125
19,586
-26
30
21,048
-32
698
7
24,188
-30
905
49
76.8
-. 1
79.1
-. 1
-1.5
63.1
-. 1
-1.4
19,582
16,166
429
2,987
2,190
2,812
-2,015
20,375
8,443
375
11,557
1,574
8,280
1,703
23,264
14,815
313
8,136
1,427
5,592
1,117
75.2
41.4
35,963
24,328
1,258
7,319
3,058
30,809
21,200
22,356
13,582
988
1,081
5,919
1,774
6 Borrowings by:
O.S. Government
7
Savings + loan a s s o c i a t i o n s
8
Beits
5
35,963
30,809
-27
252
-322
-945
36,060
20,952
31,770
21,281
10
11
12
13
14
15
16
Private n o n f i n a n c i a l s e c t o r s
Households
Nonprofit institutions
Nonfinancial business
Farms
Nonfarm noncorporate
Corporate
17 F u n d s a d v a n c e d b y :
Households
18
S t . + l o c govt,, gen- f u n d s
19
20
21
22
O.S. Government
Sponsored credit
Mortgage pools
23
24
25
26
27
28
Private f i n a n . i n s t i t u t i o n s
Commercial banking
Savings institutions
S*l a s s o c i a t i o n s (1)
Mutual s a v i n g s b a n k s
Credit unions
25
30
31
32
33
34
35
ag.
(1)
Insurance
Life i n s u r a n c e c o m p a n i e s
Private pension funds
S t . + l o c . govt. r t r . f u n d s
O t h e r i n s u r a n c e cosFinance companies
Beits
-28
12
-
1976
Mortgages
19,586
11,420
1,477
4,499
2,190
1 Net c h a n g e in m o r t g a g e s
Hone mortgages
2
Multi-family resid.
3
4
Commercial
5
Farm
6,104
2,517
1972
BILLIONS OF DOLLARS
1S73
1974
1975
1.2
.5
.3
6.9
.2
59.8
43.9
*
59.8
--1
1.9
-4
87. 1
65.6
3.9
11. 9
5.7
1
2
3
4
5
87.1
--1
1.7
6
7
8
.4
9
85. 1
61.4
.8
22.9
5.7
14.8
2.4
10
11
12
13
14
15
16
17
18
19
561
553
14,547
3,058
9,759
1,730
9,936
2,517
7,044
375
23,176
17,095
489
5,592
1,774
5,187
-1,369
35,963
7,402
2,194
30,809
6,372
1,786
22,356
3,924
1,564
19,586
4,586
1,070
21,048
4,567
965
24,188
5,092
1,005
76.8
79.1
6.4
1.4
2.7
1.7
6.9
2.5
6.2
1.6
87-1
7.4
1.3
1,538
2,814
3,59 1
733
1,293
3,290
4,607
573
2,698
8,640
1,736
3,762
8,622
985
4,654
12,598
-,7
*».o
10.2
4.9
-.6
7.2
3.6
3.8
4,228
3,519
3.4
6.5
5.3
7.1
.4 20
2. 9 21
12.. 2 22
18,424
6,491
8,117
7,952
14,171
7,901
3,646
3,522
7,678
5,500
-300
-428
3
125
2,019
3,729
-3,762
-3,150
-737
125
1,396
4,657
-4,144
-3,151
-1,U8
125
-146
4,320
-6,981
-6,607
-500
126
60.8
16.8
37.4
31.8
64.6
19.8
32.7
26.5
36.4
12.fl
19.8
17.6
32.3
29.5
5.5
.2
5.7
.4
2-2
.1
2.3
.5
2,616
2,064
75
380
97
220
-358
1,802
1,015
42
644
101
650
-400
1,155
777
205
72
101
-147
-125
2,092
1,305
180
505
102
500
-77
.7
1.5
4.7
4.4
-.4
-7
5.4
4.9
2.8
2.9
*
*
-1.9
-.2
.1
968
3,236
-1,756
22
143
1
123
2,738
2,088
2 , 4,69
1,663
80
478
92
8
696
102
505
1,400
-322
-350
36 (1) Memo: FHLE l o a n s t o s + 1
6,920
8,252
847
a s s o c i a t i o n s (included in "other loans" c a t e g o r y ) .
80.4
46.5
1. 1
32.8
64.4
38.0
1. 1
25.4
3.6
5.5
5.0
4.6
26.2
25.5
19.4
2.8
1.8
.9
12.5
-1.1
63. 1
59-8
1.3
32.5
-.9
.2
.6
*
1.7
1.9*
1.2
5.6
.2
43.7
41.4
44.1
46,5
35.9
38.0
.6
-.4
-.4
-.3
-.3
57-6
40.6
1.0
16.0
33.0
62.9
15.J
49.3
44.4
4.4
.5
23
24
25
26
27
28
-1.3
-4.8
2.6
2.4
*
.2
.1
-.4
-3.8
29
30
31
32
33
34
35
43.9
40.6
.7
-7
1.9
65.6
61.4
1.2
1.2
1.7
1
2
3
4
5
43.9
5.5
.8
65.6
4.8
.8
6
7
8
3.8
*
Home Mortgages
1 Net borrowing
2
Households
3
Nonfarm noncorp. business
4
Nonfin- corporate business
5
Savings • loan associations
24,328
20,952
1,562
1,562
21,200
21,281
252
6 Net change in assets
7
Households
8
State and local governments
24,328
6,439
1,688
9
10
11
12
O.S. Government
Spons. credit agencies
Mortgage pools
Commercial banking
13
14
15
16
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit anions
17
18
1-9
20
Insurance
Life insurance companies
Private pension funds
St.*loc. govt. rtr. funds
21
22
Finance companies
Beits
560
584
11,420
16,166
-2,388
-2,388
13,293
8,443
2,076
2,076
18,084
14,815
1,182
1,182
-945
13,582
17,095
-1,421
-1,421
-671
30
698
905
21,200
5,660
1,135
13,582
3,415
1,097
11,420
3,585
13,293
4,281
18,084
4,585
613
544
600
432
432
-1.5
-1.4
43.7
44. 1
35-9
3.3
.1
2.3
.6
6.4
.7
-.8
3.5
3.2
1.4
5.5
3.3
6.6
680
471
324
819
410
3,555
3,115
2,391
3,274
4,505
1,794
4,103
3,171
1,299
7,682
527
2,536
7,723
1,246
3,842
11,146
2,530
-.6
1.9
4.3
9.0
11.0
7,655
7,271
3,252
3,048
-576
-772
27.5
24.6
24.5
21.5
81
123
71
125
-3,533
-2,734
-924
-5,607
-5,643
241
143
-2,997
-2,500
-622
125
125
-90
126
2.7
.2
2.6
.4
-76
-16
-92
-91
-201
-134
-130
-115
-386
-635
-2.0
-1.9
6
112
19
19
20
4
187
62
353
128
150
75
-2.7
-2.3
54
71
-.4
-.2
841
-33
379
-60
228
-29
576
-98
138
-75
25Q
-25
-6
.4
II1/82 BASED ON PBELIHIHABT AND INCOMPLETE INP0BMATI0N
.6
1.2
*
14.7
13,. 9
.7
.1
-1.4
-1.4
4.1
2.5
7.3
2. 1
24.5
23.2
.8
-5
40.5
36.9
3.1
.5
13
14
15
16
-1.6
-1.5
-.1
*
17
18
19
20
.2
.1
-1.9
-1.4
-.1
-.4
1.2
.7
-1.2
-.2
-.5
-.5
*
-.7 9
.5 10
11.9 11
9.2 12
.4 21
-.2 22
NOVEMBEB 22, 1982
Mortgages - I
Mortgages - I
37
Mortgage Markets by Type of Mortgage
SEASONALLY ADJUSTED ANNUAL BA.TES
SEASONALLY ADJUSTED ANNUAL BATES
—
•
—
—
—
•
1377
—————— ———— —————— -————•
1978
1979
1980
1981
1
1
11
1'—————
1981
III
[
IV
I
1992
II
———— — — — — — — —
III
jCotal M o r t g a g e s
85.3
48.9
3.9
22.3
10.2
104.0
70.1
6.1
20.5
7.3
80.2
52.7
3.8
20.1
3.6
7 9 . 4 Net c h a n g e in M o r t g a g e s
Hoie m o r t g a g e s
54.6
Multi-family resid.
7.)
Commercial
11.1
Pari
6.6
1
2
3
4
5
85.3
-.1
104.0
-.1
2.9
80.2
-.1
,9
-
*
79.4 Borrowings by:
0.S.,Government
-.1
Savings + loan a s s o c i a t i o n s
3.2
Beits
.2
6
7
9
9
111.1
77.8
2.2
31.1
10.8
23.1
-2.8
88.6
5(6,8
2.0
29.9
10.2
22.4
-2.9
101.2
66.8
1.7
32.7
7.3
23.5
1.9
79.4
51,8
1.5
26. 1
3.6
23.8
-1.3
76.2
51.1
1.3
23,8
6.6
17.3
139.0
28.8
8.8
107.1
25.8
7.1
95.3
16.9
6.3
104.0
17.5
4.3
80.2
17.6
3.9
79.4 F u n d s advanced b y :
Households
20.6
S t . + l o c . govt. g e n . f u n d s
4.0
17
19
19
4.9
12.6
15.0
5.7
11.9
16.6
2.9
18.1
12.3
6.1
13.9
16. 6
1.5
7.9
36.2
6.5
15.9
36.7
4.2
20.1
49.4
20
21
22
61.2
17.8
29.0
27.9
.6
.5
51.5
23.6
15.8
15.4
-.1
67.)
25.3
27.7
26.9
.3
25.6
21.2
-4.3
-3.7
-1.1
36.6
22.6
4.3
5.7
-1.9
-.3
18.2
-20.7
-16.9
-4.3
-17.9
11.0
-39.5
-37.9
-2.2
.5
.6
40.8
25.5
4.4
4.1
-.3
.5
.5
.5
.5
.5
14.5
12.3
.6
1.3
.3
10.3
8.0
.1
1.8
,.4
2.9
-1.1
11.2
9.7
.2
1.9
.4
4.2
-1.3
10,7
7.5
2.8
,4
1.7
-1.4
9.1
5.9
.2
1.5
.4
2.1
-1.4
9.3
4.9
.4
2.6
.4
2.9
-1.6
4.7
3.4
.7
.3
,4
-2.1
-.5
9.2
6.1
.7
2.0
.4
1.9
-.3
16.2
29.0
25.2
1.2
1
2
3
4
5
129.9
97.4
7.0
18.4
7.1
151.0
112.9
9.2
21.8
7.2
162.4
118.9
7,7
24.0
11.8
134,. 0
95.9
8.7
20. 1
9.3
115.2
76.2
4.3
24.9
9.9
139.0
95.7
5.2
28.6
9.5
107.1
68.5
4.0
23.8
10.8
6
7
8
9
129.9
-.1
3.1
151.0
-.1
.8
.1
162.4
-.1
-1.2
134.0
107.1
-.8
-.1
115.2
-.1
-2.4
-.5
139.0
-.3
-1.2
-1.3
-3.9
10
11
12
13
14
15
16
126.9
91.1
1.1
34.7
7.1
24.1
3.5
150.2
111.3
1.3
37.5
7.2
26.1
4.2
163.7
121.3
1.5
40.8
11.8
27.6
1.4
135.1
98.3
1.8
35.0
9.3
23.6
2.0
118.3
81.4
2.1
34.8
9.8
26.1
-1.1
141.6
99,5
2.2
39.9
9.5
30.8
-.4
17
18
19
129.9
8.4
.6
151.0
14.2
2.5
162.4
20.1
6.3
134.0
22.2
9.9
115.2
23.4
7.7
20
21
22
4.2
3.5
16.1
4.2
12.2
13.6
6.6
14.4
23.1
7.5
14.1
19.2
23
24
25
26
27
28
97.2
27.7
64.9
58.2
6.5
.3
104.3
35.1
59.2
51.6
7.1
.6
91.9
30.6
47.3
43.1
3.6
•6
10.2
9.4
.3
.5
•14.2
12.6
29
30
31
32
33
34
35
*
5.8
5.2
.1
.3
. 1
1.2
-2.4
*
.9
-1.1
*
.3
1.0
.3
.8
-1.0
•6
-.7
12.5
-.1
-.1
*
*
-2.7
-.5
-.1
Private n o n f i n a n c i a l s e c t o r s
Households
Nonprofit i n s t i t u t i o n s
Nonfinancial business
Farms
Nonfarm n o n c o r p o r a t e
Corporate
U.S. Government
Sponsored credit
Mortgage pools
a g . (1}
Private f i n a n . i n s t i t u t i o n s
Commercial banking
Savings institutions
S*l a s s o c i a t i o n s (1)
Mutual s a v i n g s b a n k s
Credit u n i o n s
Insurance
life insurance companies
Private pension funds
St.floe.,govt, r t r . f u n d s
Other insurance c o s .
Finance companies
Beits
14.0
13.5
-16.2 (1) Memo: FHJ.B loans to s+1
associations (included In "other loans" category).
10
11
12
13
14
15
U
23
24
25
26
27
29
29
JO
J1
32
33
34
35
36
Borne Mortgages
95.,7
99..5
-1.,3
-1. 3
-1..2
69.5
77.9
-2.7
-2.7
-3,9
48..9
56..9
- 2 .,6
-2. 6
- 2 ..7
70.1
66.9
.2
.2
2.9
52..7
51..9
-.9
76.2
91.4
-1.4
-1.4
-2.4
119.,9
16..1
4.,7
95.9
20.5
7.9
76.2
20.5
5.9
95.7
25.9
6.8
69.5
22.6
4.5
49. 9
13..7
4.,4
1..9
9..0
12..4
24.. 1
2..3
9..2
21..8
20..0
2.7
7.6
19.7
10.9
2.4
5.0
14.1
12.2
2.
4.,3
16..5
12.,6
2.9
10.0
11.4
13.2
55..1
49.,9
4,.9
.3
51..2
45..4
5..3
.6
41.9
39.4
27.3
25.7
1.1
.5
14.4
13.4
26.,1
24,.3
1.3
.6
17
19
19
20
- 1 ..3
-1..4
.1
2-5
1.9
-.2
.3
.6
1
.3
-2
-.3
.1
.4
:
.3
.1
2,.4
1..9
.3
.3
21
22
.4
.2
1,.1
.2
.9
.2
-2.2
-.1
2..0
.1
1.2
-.2
2.. 1
1
2
3
4
5
97..4
91 .1
1,.6
1,.6
3..1
112..9
111..3
.4
.4
.9
119..9
M. .3
95.9
98.3
6
-.9
-.8
6
7
B
97..4
5..7
.2
112..9
11..5
2..0
9
10
11
12
2.5
,5
15.7
19.9
13
14
15
16
*
J
-I.3
BILLIONS OF DOLLABS.
.6
- l !.2
2.9
,6
_'
.<»
.4
•5
.5
-.6
*
.3
2.0
-.1
-;
II1/82 BASED ON INCOMPLETE INFORMATION.
.9
54.6 Net b o r r o w i n g
Households
51.1
Nonfarm n o n c o r p . b u s i n e s s
Nonfin..corporate business
.*1
Savings • loan a s s o c i a t i o n s
3.2
1
2
3
4
5
70.1
14.3
2.5
52..7
17..1
2.
54.6 Net c h a n g e i n assets
Households
19.3
2.4
State and l o c a l g o v e r n m e n t s
6
7
9
2,.2
6,..6
14..6
10...7
.7
3.2
32.4
9,0
3.>2
12..5
33..1
5..4
1.9
16.0
42.6
5.1
2-9
2.3
-4.4
-4.2
.1
-.7
.5
6.0
7.0
-1.5
.5
-19..0
-15..0
- 3 ..4
-34.0
-33.9
-.6
.5
.5
-.3
-.6
.3
-1..5
-2..3
.2
1.6
*7
.6
.3
-1,.0
.3
.9
-.1
.5
.7
.9
;
*
<1
.1
*
2.6
-.4
*
.6
9
U.s. Government
Spons. credit agencies
Mortgage p o o l s
C o m m e r c i a l banking
10
11
12
Savings i n s t i t u t i o n s
S a v i n g s and loan a s s n s .
Mutual savings banks
Credit unions
13
14
15
16
Insurance
Life insurance companies
Private pension funds
St.+loc. govt. r t r . funds
17
19
19
20
Finance
Beits
21
22
companies
NOVEMBEB 22, 1982
Mortgages - 11
Mortgages - XI
Mortgage Markets
UNADJUSTED NEJE FLOWS
(Continued)
UNADJUSTED
($ MILL)
1981
III
IV
|
I
1982
II
II
III
1972
N E T FLO.WS {$ MILL,)
B I L L I O N S OF D O L L A R S
1973
1974
1375
1976
Malti-Famxly Residential Mortgages
1 Net b o r r o w i n g
2
Nonfarm n o n c o r p . b u s i n e s s
3
Non-fin. c o r p o r a t e b u s i n e s s
4
Beits
5
U.S. Government
1,258
877
514
-106
-27
988
692
320
4
-28
1,081
757
389
-41
-24
1,477
825
678
-26
902
1,012
-80
2
-3 2
6 N<et change in a s s e t s
1,258
75
343
988
59
417
1,081
64
320
1,4 77
67
316
397
-20
137
518
-388
14
277
678
513
-59
508
427
-188
-92
-96
-72
-102
30
24
-4
221
-127
-118
7
8
Households
State a n d l o c a l
governments
9
10
11
12
U . S . Government
S p o n s . -credit a g e n c i e s
M o r t g a g e pools
C o m m e r c i a l tanks
13
14
15
Savings institutions
S a v i n g s aiid l o a n a s s n s .
mutual savings banks
16
17
18
Life insurance companies
P r i v a t e pension f u n d s
St.+local govt. r t r . funds
19
20
Finance
fieits
companies
*
1,760
1,584
190
16
-30
12.8
9.9
2.8
.2
-. 1
10.4
7.9
2.5
.1
-. 1
6.9
5.5
1.4
.1
-. 1
-.3
.3
.1
-. 1
902
94
170
1, 760
88
165
12.8
.6
1.0
10.4
-1.0
.9
6.9
-. 1
1.4
-.3
.7
-95
-16
1,079
120
409
-17
1,111
93
208
-22
1,544
235
.3
1.0
.3
1.8
.3
1.8
.2
1.2
.7
2.2
.2
.0
1.2
.2
.4
-1.7
.2 9
-. 1 10
.5 11
2.2 12
-270
-29 1
21
-516
-274
-242
-838
-640
-198
-866
-647
-219
4.7
3.4
1.3
3.3
1.8
1.4
1.7
1.0
.7
2.6
1-7
.9
3.3 13
2.9 14
.4 15
-11
-2
421
-106
-2
225
-84
-1
441
-217
3
-66
148
10
225
.6
-.3
-.1
1-1
-,. 1
-. 1
1.2
-343
-56
-415
-124
29 1
-125
185
-25
50
-25
.9
2.0
.4
2.4
*
. 1
*
*
*
.2
3.9
1
2.7
2
1.2 3
. 1 4
-. 1 5
3.9
.2
.3
6
7
8
-.5 16
* 17
* 18
-1.3
.2
-v.8
-2.6
-.5 19
-1.7 20
11.2
1.0
12.0
-2. 1
11.9
.8
10.8
Commercial Mortgages
1 Net borrowing
2
Households
3
Nonfarm n o n c o r p . b u s i n e s s
4
Nonfin. corporate business
5
Reits
7,319
561
7,320
-346
-216
6, 104
553
5,920
-377
8
5,919
489
5,851
-337
-84
4,499
429
4,375
-305
6 N e t c h a n g e in a s s e t s
7
Households
8
State and local g o v e r n m e n t s
9
U.S. Government
10
Commercial t a n k i n g
7,319
320
133
246
2,958
6, 104
245
20 1
258
2,745
5,919
238
121
302
1,881
640
773
-133
486
576
-90
536
635
-99
2,199
30
186
92
1,704
4
118
102
2,347
58
137
97
686
-171
475
-234
407
-205
11
12
13
Savings institutions
S a v i n g s and l o a n a s s n s .
Mutual savings banks
14
15
16
17
Life insurance companies
Private pension f u n d s
St.•local g o v t . r t r . f u n d s
Other insurance companies
18
19
Finance
Reits
companies
5,279
375
5,192
-293
5
2,917
313
2,826
-255
33
16.8
1.3
15.7
-,6
.3
19. 1
1. 1
18.0
-.2
• 2
15.3
1. 1
14.2
-.2
.3
.3
4,499
97
135
183
3,030
5,279
82
254
168
3,266
2,917
90
225
75
1,52 8
16.8
1.1
.3
-.2
5.4
19. 1
-.3
.2
-. 1
6.9
15.3
-.9
.3
1.4
5.0
11.2
-.3
.5
3. 1
11.9 6
.7 7
*
8
.4 9
3.4 10
-242
-376
134
227
223
4
-508
-317
-191
5.1
3.7
1.4
4.9
3m2
1.7
3.4
2.6
.8
5.3
4.6
.7
5.6 11
4.6 12
.9 13
1,012
20
200
102
3.1
-.2
. 1
4.9
4.8
3.9
. 1
.3
. 1
3.7 14
. 1 15
.2 16
. 1 17
-
1,366
23
200
10 1
1,584
15
77
10 1
-217
-177
-470
-25
200
-27
*
*
*
*
*
. 5
.5
.3
1.7
.2
2.5
.6
.2
-1.8
3.6
1.4
5.5
2.3
5.0
1.4
4.6
1.4
*
*
.3
1
2
3
4
5
-.3 18
-1.8 13
Farm Mortgages
1 Net borrowing
3,058
2,517
2 Net c h a n g e in a s s e t s
3
Households
4
State a n d local g o v e r n m e n t s
3,058
568
30
2,517
408
33
1,774
207
26
2,190
837
6
1,574
110
-3
1,427
329
15
5
6
7
335
2,250
-101
183
1,823
-32
7
1,555
-4
161
1,415
-121
340
1,243
-212
292
834
-92
-. 1
1.2
.3
1.9
.2
-100
10
66
-27
-20
104
45
21
10
-47
-1
52
-7
-152
-1
52
27
.6
.7
45
17
-1
5
8
9
10
11
U . S . Government
Sponsored c r e d i t
Mortgage p o o l s
agencies
C o m m e r c i a l tanks
Mutual savings banks
Life i n s u r a n c e c o m p a n i e s
St.+local govt. rtr. funds
-
1,574
111/82 BASED ON PRELIMINARY ANJ) INCOMPLETE INFORMATION
*
*
.1
•
*
*
*
.3
. 1
*
.2
2.5
*
.6
*
.3
-. 1
*
.7
2.6
-.6
.3
*
.4
-.2
5.7
1.7
. 1
2
3
4
.6
2.5
-.2
5
6
7
.4 8
*
9
.7 10
* 11
HOYEMBEB 22, 1982
Mortgages - II
Mortgages - 21
39
Hortgage Markets (Continued)
SEASOIALLI ADJUSTED AHI01L BASES
SEASONALLY IDJOSTED ANNUAL BASES
1977
1978
1979
1980
1981
I
| II
1981
III
1982
II
I?
Hulti-Fanily Residential Hortgages
1
2
3
4
5
7.0
5.1
2.0
-.1
-.1
-.J
-.1
6
7
8
7.0
.4
,3
9.2
.5
.4
7.7
.5
1,2
8.7
.5
1.5
9
10
11
12
.3
.9
. 1
.9
1.1
*
1.5
1.1
1.1
.2
1.2
.9
1-9
.2
.7
1.7
13
14
15
4.9
4.1
.8
4.4
3,5
.9
2.1
1.5
.6
.6
-.6
16
17
18
-.4
.2
-.1
.6
.3
.2
-,2
.6
.5
1.0
19
20
.3
-.8
.1
-.5
-.1
-.2
1.7
-.3
-1.1
9,. 2
6.5
2.7
•
*
*
7.7
5.4
2.4
*
*
8.7
5.8
3.0
*
. 1
*
4.0
2.8
1.3
-.1
5.2
3.5
2.2
-.4
-.1
4.3
.3
1.2
5,2
.3
1.4
4.0
.2
1,7
1.0
-.1
2.0
1.6
-.1
.5
2.1
-.6
-.4
-.1
-.4
-.4
4.3
3.0
1.6
-.2
1. 1
3.0
1.1
-.2
-.1
3.9
6.1
3.3
2.9
3.8
4,0
-.1
7.1 Met borrowing
6.3
Nonfarn noncorp. business
•8
Honfin..corporate business
.1
Beits
-.)
0.5. Government
-.1
1.3
6.1
.3
1.3
3.8
.4
.7
7.1 Net change in assets
•4
Households
.7
State and local governments
-1.6
.1
1.1
2.7
2. J
-.2
2.0
1.7
-.4
-.1
4.3
.5
1,6
-.1
4.4
.4
.8
-.1
6.2
•9
-.3
-.4
.1
-1. 1
-1.2
.1
-2.1
-1.1
-1.0
-3.4
-2.6
-3.5
-2.6
-.9
*
*
-.3
3.9
.3
-.2
O.S. Government
Spons. credit agencies
Mortgage pools
Commercial banks
9
10
Savings institutions
Savings and loan assns.
Mutual savings banks
13
14
15
life insurance companies
Private pension funds
St.•local govt. rtr..funds
16
17
18
Finance companies
Beits
19
20
.9
1.8
-.7
. 1
-.3
.7
*
•9
-1,4
-.2
-1.7
-.5
1.2
-.5
.7
-.1
.2
-. 1
28.6
2.2
28.6
-1.4
-.9
23.8
2.2
23.0
-1.5
22.3
2.0
22,0
-1.3
-.3
20.5
1.7
20.0
-1.2
20. 1
1.5
19.8
-1.2
11.J Net borrowing
1.3
Households
10.8
Nonfarm noncorp. business
-1.Q
Nonfin. corporate business
.1
Beits
20.5
.4
.5
.7
12.6
20.1
.3
1.0
.7
12.1
11.) Net change in assets
.4
Households
•9
State and local governments
.3
O.S. Government
5.0
Commercial banking
6
7
8
9
10
.4
-.2
.6
.7
,7
-.1
-2.1
-1.3
-•8
Savings institutions
Savings and loan assns.
Mutual savings banks
11
12
13
6.5
.1
.3
,4
4.7
•1
.8
,4
Life insurance companies
Private pension funds
St.•local govt. rtr..funds
Other insurance companies
14
15
16
17
.8
-.1
Finance companies
Beits
18
19
-.5
-.5
Commercial Mortgages
1
2
3
4
5
18.4
1. 1
17.4
6
7
8
9
10
.6
6.6
11
12
13
2-1.8
24.0
20.1
24.9
1.3
1.5
1.8
2.1
19.3
22.8
18.6
1.1
,1
-.4
-.2
24.5
-1.3
18.4
21.8
24.0
20.1
24.9
.9
1.2
.6
9.2
1.1
.2
.8
9.7
,8
.3
1.2
5.1
1,1
.5
1.0
9.6
28.6
1.3
.5
1.0
11.0
23.8
1.0
.8
1.0
9.9
4.9
4.2
.7
3.6
2.7
.9
3.4
3.1
.2
1.6
1.6
1.9
2.4
-.5
2.3
2.9
-.6
1.8
2.2
-.4
22.3
1.0
.5
1.2
8.8
1.2
1,6
-.4
14
15
16
17
5.5
.1
.4
.T
7.8
.1
8.9
9.5
8.4
.2
.5
9.2
.1
.7
.4
.5
•4
7.7
.2
.5
.4
18
19
.6
-.3
-.5
2.7
-.7
1.9
-*9
1.6
-.9
-.7
-1.9
-.1
3.6
-.3
-.1
*
*
-1.3
*
. 1
*
*
*
.2
.3
*
-.5
-. 1
*
•2
.3
.3
1.0
-.4
-.3
.<*
2.0
-.6
1
2
3
4
5
Farm Hortgages
9.5
9.3
.3
.3
9.8
1.6
.1
9.5
1,5
.1
10.8
1.9
.1
10.2
2,0
.1
7.3
2.5
.1
11.8
2.4
.2
.8
2.9
-.5
.8
3.2
-.3
2.3
5.0
.1
1.8
6.3
-.2
.6
7.6
-.1
1,0
7.7
-.4
.6
8.0
-.1
.6
7.6
.4
4.8
-.5
1.0
.7
.1
-.2
-*4
-.3
-.1
.5
.2
7,1
1.4
5
6
7
8
9
10
11
*
*
*
1.4
7.2
•so
2
3
4
*
*
1.7
BILLIONS OF DOLLARS.
*
*
1.7
. 1
*
*
,8
.1
*
*
*
-
IIJ/82 BASED ON INCOMPLETE INFORMATION.
*
*
-.1*
•
*
.5
*
-.5
•
6.6 Net borrowing
1
6.6 Net change ioi assets
1.6
Households
•1
State and local governments
2
3
4
1,0
3.5
-.8
1.1
4.2
-.4
U.S. Government
Sponsored credit agencies
Mortgage pools
5
6
7
,3
-,1
Commercial banks
Mutual savings banks
Life insurance companies
St.*local govt. rtr. funds
*
*
-.1
•J
*
8
9
10
11
NOVEMBER 22, 1982
Consumer Credit and Bank Loans N.E.C.
Consumer Credit and Bank Loans N.E.C.
Consumer Credit and Bank Loans Hot Elsewhere Classified
UNADJUSTED NET .FLOWS {$ HILL)
UNADJUSTED NET FLOWS ($ MILL,)
II
1981
III
IV
I
I
1982
II
I
III
1972
BILLIONS OF DOLLARS
1973
1974
1975
1976
Consumer Credit
8,846 11,703
7,721
9,395
1, 125 2,308
7,310
5,188
2,122
-7,024
-6,244
-780
6,079
4,720
1,359
5,025
4,097
928
19.8
14.9
4.9
24.3
20.2
4. 1
9.9
9.5
.4
9.6
7.7
1.9
25.4
21.5
3.9
4 Net change in assets
5
Installment credit
6
Nonfarm noncorp. business
7
Nonfin. corporate business;
8
Commercial hanking
9
Savings and loan assns.
10
Mutual savings banks
11
credit unions
12
Finance companies
8,846
7,721
19
433
1,728
657
3
1,474
3,407
11,703
9,395
15
174
1,935
121
-48
1, 105
6,093
7,310
5,188
180
437
2,240
362
-50
-837
2,856
-7,024
-6,244
-187
-1,281
-2,846
283
109
-322
-2,000
6,079
4,720
7
210
321
386
61
250
3,485
5,025
4,097
12
135
1,505
939
86
964
456
IS.8
14.9
-.2
. 1
9.5
-.4
.1
2.2
3.6
24.3
20.2
. 1
.5
11.4
.7
.2
2-7
4.6
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 4
21.5 5
* 6
.7 7
10.8 8
1.0 9
. 2 10
5.5 11
3.. 4 12
13
14
15
16
17
18
1, 125
453
369
872
-534
-35
2,308
486
566
1,734
-437
-4 1
2,122
893
1,006
639
-360
-56
-780
197
-1,373
634
-78
-160
1,359
426
202
533
130
68
928
241
177
148
315
47
4.9
.8
.8
3. 1
.2
4. 1
1.2
1.0
1.2
.5
.4
.7
.3
-.8
.2
1.9
.9
.4
.2
.4
3.9 13
1.2 14
1.3 15
1.2 16
. 1 17
.2 18
1 Net change in liabilities (HH)
2
Installment credit
3
Noninstallment credit
Noninstaliment credit
Nonfarm noncorp. business
Nonfin. corporate business5
Commercial banking
Savings and loan assns,
Mutual savings banks
*
•
*
*
*
1
2
3
Bank Loans Not Elsewhere Classified
Total loans at commercial
1
banks, flov of funds basis
35,029
30,738
30,442
6,897
25,914
19,244
60. 1
76.5
57.5
-2. 1
43-7
1
6,491
2,600
3,298
1,584
21,056
7,901
3,669
-907
-1,061
21,136
5,500
2,879
4,232
610
17,221
3,729
-2,212
-5,855
2,136
9,099
4,657
854
1,112
-2,529
21,820
4,320
1,653
1,134
324
11,813
16.8
12.7
4.8
-.2
26.1
19.8
12.6
-3.4
-1.3
48.8
12.8
3.4
-2.2
2.2
41.3
3.8
3. 1
2.1
1.1
-12.2
15.1
12-0
6.6
3.7
6.2
2
3
4
5
6
21,596
-32
-508
14,122
-28
7,042
16,728
78
415
10,598
9
-1,508
22,419
240
-839
10,048
199
1,566
25.5
-.2
.8
43.1
1.7
4.0
34.1
.9
6.3
-12.9
-.5
1.2
3.1
-.3
3.5
7
8
9
10 + Loans by F.fi. banks
11 = Total bank loans n.e.c.
_
.
21,136
17,221
9,099
21,820
11,813
26.1
„
48.8
_
21,056
41.3
-12.2
12 Net change in liabilities
13
Nonfinancial sectors
14
Households
15
.Farm business
16
Nonfarm noncorp. business
17
Corporate business
21,056
18,859
2,050
1,815
2,993
10,978
21,136
21,363
35
386
1,158
15,193
17,221
15,802
-37
-639
1,449
15,402
9,099
7,315
-2,441
364
1,387
12,375
21,820
21,266
3,386
2,475
1,756
13,087
11,813
12,085
2,804
1,200
185
8,353
26.1
20. 1
1. 1
1.8
1.2
12.4
48.8
39.8
3.4
2.9
1. 1
29.6
41.3
36.6
1.6
1.1
-1.0
30.9
-12.2
-8.5
-1-2
2.0
-2.0
-9.2
6.2
9.9
*
3.0
-3.6
5.0
12
13
14
15
16
17
- Loans elsewhere classified:
2
Mortgages
3
Consumer credit
4
Security credit
5
Open-market paper
6 = Banking sector t o t a l bank
loans n . e . c .
7
8
9
U.S.-chartered banks
Domestic affiliates
Foreign banking offices
- 10
6.2 11
18
19
20
21
Poreign
Official institutions
Banks
Otier
1,023
288
846
-111
4,591
570
1,850
2,171
-373
825
-3,690
2,492
-4,370
-652
346
-4,064
562
695
-1,047
914
-457
330
-1,029
242
3.7
.2
1.1
2.4
2.8
.4
1.6
.7
4.0
.3
3.1
.6
2.0
.3
1.1
.7
5.6
.9
4.2
.5
18
19
20
21
22
23
24
25
Financial sectors
Savings and loan assns.
Finance companies
Beits
2,197
415
1,393
389
-227
1,384
-1,897
286
1,419
-2,054
3,172
301
1,784
443
1,338
3
554
-731
1,274
11
-272
- I , 192
965
-45
6.0
.4
4.2
1,3
9.0
.4
4.6
4.0
4.6
-.4
.7
4.4
-3.7
-.3
-2.8
-.6
-3.7
.2
-2. 1
-1.9
22
23
24
25
111/82 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION
NOVEMBER 22, 1982
Consoler Credit and Baok Loans N.E.C.
Consumer Credit and Bank Loans N.E.C.
Consuaer Credxt and Bank Loans Not Elsewhere Classified
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNOAL HAIES
1977
1978
1979
1980
^
I
1981
II
1981
III
IV
1982
II
|
Consuaer Credit
1
2
3
40.2
37.0
3.2
48.8
43.1
5.7
45.4
38.4
7. 1
4.9
1.4
3.4
25.3
t9.9
5.4
32.2
24.2
8.0
34.2
26.8
7.4
8.3
5.6
2.7
6.6
6.0
.6
25.4
15.7
9.7
4
5
6
7
8
9
10
11
12
40.2
37.0
48.8
43.1
45.4
38.4
4.9
1.4
-.1
-. 1
-7.2
1.5
. 1
-2.5
9.7
25.3
19.9
.1
.1
2.3
1.7
-.1
1.9
14.0
32.2
24.2
.3
2.6
5.0
2.7
*
3.8
9.8
34.2
26.8
*
-3.1
2.0
.4
-.2
2.9
24.9
8.3
5.6
-.2
-3.0
6.7
1.1
-.2
-3.1
4.2
6.6
6.0
*
2.4
*
t.5
.4
1.7
*
25.4
15.7
.2
1.7
-.1
1.5
.2
.5
11.5
13
14
15
16
17
18
3.2
.7
-1.4
3.6
.2
. 1
3.4
.6
.5
1.0
1.1
.3
5.4
2.6
1.8
3.1
-1.8
-.2
8.0
J. 7
2.1
4.5
-2.1
-.1
7.4
3.2
2.4
3.7
-1.7
-.2
2.7
1,2
1.4
1.8
-1.4
-.2
.6
-.7
-3.5
5.7
-.3
-.6
9.7
3.7
1.4
3.8
.5
.3
%'
2.6
18.6
1,3
.3
6.4
7.8
*
.6
23.6
*
.5
6.7
11.6
5.7
1.4
1.2
2.6
.3
.2
*
.5
18.2
1.3
*
2.2
16.2
7. 1
1.8
1. 1
1.7
2.4
*
8.2 Net change in liabilities (HH)
5.6
Installment credit
2.6
Noninstallment credit
1
2
3
8.2 Net change in assets
4
5.6
Installment credit
5
*
Nonfarm noncorp. business
6
-3.6
Non£in. corporate business 7
.6
Commercial banking
8
3.7
Savings and loan assns.
9
.3
Mutual savings banks
10
2.0
Credit unions
11
2.6
finance companies
12
2.6
2.7
2.0
-3.5
1.3
.2
Noninstallment credit
Sonfarm noncorp. .business
Monfin. corporate business
Commercial banking
Savings and loan assns.
Mutual savings banks
13
14
15
1J6
17
18
Bank Loans Not Elsewhere Classified
81.9
116.1
2
3
4
5
6
27.7
22.3
2.2
.3
29.5
35.1
26.2
-2.9
-1.3
59.0
JO. 6
19.9
-.9
2.2
51.0
17.8
-6.2
.8
1.8
46.5
23.6
5.4
5.3
.8
57.0
25.3
9.5
6.9
-. 1
83.3
7
8
9
24,1
•6
4.7
4 1,. 8
-1,0
18.1
37.9
3U0
51.1
.}
5.8
75.2
-.1
8.2
10
11
«
.
_
_
.
29.5
59.0
51.0
46.5
57.0
83.3
12
13
14
15
16
17
29.5
29.7
2.5
2.5
.9
20.8
59.0
56.2
4.1
2.5
.3
30.3
51.0
51.4
1.9
2.8
.6
43.9
46.5
46.9
3.6
.5
3.4
27.8
57.0
5,4.8
.6
1.4
6.2
42.8
83.3
79.1
4.6
3.3
11.8
52.8
19.1
2.1
9.5
7.4
2.3
2.1
-4.1
4.2
11.5
4.5
4.7
2.3
3.7
.8
-4.5
7.3
6.5
1.2
.4
4.9
2.8
.3
3.9
-1.4
-.4
2.0
-1.0
-1.4
-.4
-. 1
1.4
-1.7
2.2
-.2
1.0
1.5
4.2
2.6
.1
1.6
18
19
20
21
22
23
24
25
3. 1
.1
2.7
.3
-.3
1.4
.7
-2.4
BILLIONS Of DOLLARS.
-.1
13.2
-.1
15.5
111/82 BASED ON INCOMPLETE
-
INFORMATION.
Total loans at commercial
banks, flow of funds basis
80.3
105.0
25.5
5.7
1.3
-3.6
76.3
21.2
8.5
8.5
3.3
38.8
22.6
5.8
-13.8
t2.6
77.8
18.2
3.7
-2.4
-17.5
89.3
54.4
40*9
•3
-2.3
84.0
21.9
-«.2
79.5
1.0
8.9
76.3
-
38.8
-
77.8
-
89.3
+ Loans by F.R. banks
34.7 = Total bank loans n. e. c.
10
11
76.3
74.3
.5
.5
7.2
57.9
38.8
39.4
-5.3
-.7
4.8
44.2
77.8
64.0
-.7
4.7
4.0
61.9
89.3
91.3
9.5
5.9
6.5
64.7
34.7 Net change in liabilities
32.5
Nonfinancial sectors
11.5
Households
3.7
Farm business
3.7
Nonfarm noncorp. business
27.7
Corporate business
12
13
14
15
16
17
8.3
2.3
6.4
-3.8
3.3
-15.7
8.6
-5.8
-2.6
14.6
-17.8
4.7
2.8
-8.0
9.9
-14.1
1.3
-13.9
-1.5
Foreign
Official institutions
Eanks
Other
18
19
20
21
1.9
1.0
-.2
1.1
-.5
-6.8
5.0
1.2
-2.0
-1.9
-.2
2.2
-10.3
12.7
-.2
Financxal sectors
Savings and loan assns.
Finance companies
Reits
22
23
24
25
-.1
-v. 4
*
13.8
4. 1
9.7
*
55.9
-
*
Loans elsewhere classified:
11.0
Mortgages
-2.9
Consumer credit
10.9
Security credit
2.2
Open-market paper
34.7 = Banking sector total bank
loans n.e.c.
35.4
U.S.-chartered banks
Domestic affiliates
.8
foreign banking offices
-1.5
-
NOVtflBEB 22,
Other loans
Other Loans
Open-Market Paper and Other Loans
OHADJUSTED HET FIOBS ($ BILL)
0I1DJ0STED 1ST FLOWS ($ HILL}
II
—-»«»——•»-"•
2
3
4
5
6
7
8
9
10
11
12
Total net issues, all types
Commercial paper
Nonfinancial corporations
financial business
Commercial hanking
finance companies
Beits
Bankers acceptances
Nonfinancial business
noncorporate
Corporate
Foreign
13 Net purchases, by sector
14
Households
15
Nonfin. corporate .business
16
Foreign
1981
III
IV
|
I
——.____._-.—___,— _ — « — .
1982
II
- - — — • » — « —
III
1972
BILLIONS £F DOLLABS
1973
1974
1975
1976
—.——.———.— — — — « — _——.——.—.»—.-.—_.*-.—_—.._—..-.._— —.
Open-Market Paper
19,214
14,795
5,982
8,813
3,090
5,723
17,344
15,179
6,242
8,937
3,752
5,183
2
3,575
-1,324
-1,339
15
350
-338
3
7,806
4,(361
7,138
-2,277
1,675
-3,954
2
13,634
11,769
1,881
9,888
3,382
6,502
4
-7,568
-8,224
-2,015
-6,209
-4,331
-1,881
3
1.6
2.6
.7
1.9
.7
-1.3
2.5
8.3
6.4
1.4
4„9
2.2
2.0
.7
4,419
-391
-196
-195
4,810
2,165
1,116
558
558
1,049
4,899
2,374
1,187
1,187
2,525
2,945
-1,155
-578
-577
4,100
1,865
299
150
149
1,566
656
936
468
468
-280
-1.0
.1
19,214
4,874
489
429
17,344
-4,412
1,892
671
3,575
1,566
458
682
7,806
-1,016
1,541
-541
13,634
4,864
4,036
-360
-7,568
-5,121
-185
750
102
17.7
7.9
4.1
3.8
3.5
3.6
-3.3
-1.2
-1.8
-2.9
1.1
.3
.6
-1
8-1
3.6
1.4
2.2
-.8
3.3
-.3
-1.0
2.0
1. 1
.5
•5
.9
9.8
2.5
1.3
1.3
7.3
.6
.3
•2
.2
.3
4.5 8
2.6 9
1.3 10
1.3 11
1.9 12
1.6
-1.7
3.0
-.1
8.3
9.1
.6
.3
17.7
1.7
4.1
6.6
-1.2
-4.4
3.1
-2.6
8. 1 13
-3.1 14
5.0 15
2.7 16
-.2
.9
.9
2.2
-.2
.1
.1
.1
1.1
.9
.1
1. 1
-.4
.6
.7
-.2
-.1
*
*
17
18
19
20
21
Sponsored credit agencies
Monetary authority
Commercial banking
Savings • loan associations
Mutual savings banks
33
-298
1,584
281
885
-1,061
473
356
284
195
610
184
-65
-254
293
2,136
170
575
54
-488
-2,529
619
-10
-240
813
324
195
-375
.4
-.2
-.2
.5
-.1
-1.3
-1.3
-.1
22
23
24
Life insurance companies
Mutual funds
Honey market funds
1,293
537
9,107
3,190
347
15,786
286
113
-738
2,089
147
2,666
1,798
496
5,154
599
-872
-3,456
.2
-.3
1.2
*
*
-.1
3.7
-.1
.4
1
2
3
4
5
6
7
17
18
19
20
21
.4 22
-1. 1 23
.4 24
Other Loans
1 Finance co. loans to business
2 Liab.: Noncorporate business
3
Nonfin. corp. business
5,582
703
4,879
-1,355
-642
-713
4,589
899
4,090
-159
-298
139
739
309
430
-481
-927
446
4.2
.6
3.6
5.0
.9
4.1
4.8
-1.0
5.8
3.7
-.1
3.8
8.6
.2
8.4
4 U.S. Government loans
5 Liab.; Households
6
Farm business
7
Nonfara noncorp. bus.
8
Nonfin. corp. business
9
St.+local governments
10
Foreign
11
Spons. credit agencies
5,803
401
1,974
1,308
377
757
986
3,989
1,138
182
1,298
482
-101
990
2,941
768
-631
1,438
213
355
798
2,743
637
-42
1,009
190
244
705
4,480
900
922
981
203
538
936
4,511
1,301
-150
1,369
486
444
1,061
2.5
.4
4.4
.1
.2
.3
1.5
.4
1.5
.3
.3
1.7
-
-
"
-
5.6
.5
.1
.5
1.5
.7
1.6
.7
6.9
.5
.8
1.5
.2
.2
2.8
.9
7-5 4
.5 5
-1 6
1.8 7
.2 8
2-0 9
3.3 10
--4 11
12 Sponsored credit agency loans
13 Liab.: Farm .business (FICB)
14
Noncorp. business (BC)
15
S+l assns. (-FHLB)
7,905
1,857
-872
6,920
9,017
693
72
8,252
-499
-1,528
182
847
595
-822
449
968
3,926
1,610
-920
3,236
-2,277
290
-811
-1,756
.3
7.2
9.3
1.7
1.0
6.7
-2.4
1.1
.4
-4.0
.3
1.3
1-0
-2.0
16 Policy loans (HH liability)
17 Asset: O.S. Government
18
Life insurance cos.
1,741
13
1,728
2,205
102
2,103
1,692
28
1,664
1,308
-38
1,346
1,384
-2
1,386
1,079
-83
1,162
2.2
2.7
1.6
1,4
-
-
111/82 BASED ON PBELIHINABY. AND INCOHPLETE INF0BHATI0N
*
.2
8.5
.4
.3
1.0
.9
*
2.2
1.6
1
2
3
12
13
14
15
HOVEHBEB 22,
Other loans
1982
Other
Open-Market
SEAS0HA1XI A W O S 1 E D
43
SEASONALLY
1978
1979
1980
1981
1
II
,
1981
III
IV
|
loams
Loans
ANN0A1 BATES
I
1977
P a p e r and O t h e r
A D J U S T E D ANM0A1
RASES
1982
I
III
II
Open--Market Paper
1
2
3
4
5
6
7
15.0
11.3
26.4
17.3
40.3
27.0
1.6
5.6
1.3
8.4
2.7
9.0
14.6
18.0
6.7
7.8
.1
13.3
8
9
10
11
12
3.7
1.3
.6
.6
2.4
9.1
2.5
1.2
1.2
6.6
13
14
15
16
15.0
26.4
15.4
17
18
19
20
21
.2
•
-.4
.3
-.3
-1.3
22
23
24
-.3
1.1
.1
*
9.8
.\
4.4
*
21.6
.1
9.7
4.9
4.8
5.6
-.5
-.2
13,. 3
11.8
2.1
1.0
1.0
1.7
.8
.8
4.5
11.2
10.1
40.3
21.6
8.2
3.9
6.9
-2.2
-1. 1
4.4
*
.4
.2
.1
.1
2.2
.7
1.1
1.5
1.1
2.6
15.6
.2
7.9
-1.2
1.6
-.2
54.0
35.6
14.7
20.9
7.0
13.9
61.9
47.8
15.2
32.6
12.4
20.2
•
-
75.2
64.0
25.9
38.1
15.0
23.1
*
7.4
5.9
2.1
36.4
-.1
*
*
10..1
23.4
-13.5
38.3
6.3
.4
4.3
1.5
1.8
2.9
18,7
-2.6
.4
1.1
.2
3.3
1.3
-.6
-1.0
75.2
-4.4
38.8
*
2 a. 4
10.5
61.9
9.3
4.4
.9
2.2
1.2
12.3
6.7
-11.9
3.6
54.0
1.4
2.0
.1
-1.9
-. 1
1.7
3.0
1.4
-5.4
38.3
34.7
-2.7
37.3
13.5
23.8
-2.7
-1.3
-1.3
ii. y
.3
-.6
.8
1.2
1.8
-4.0
23.4
15.6
20.8
-5.2
7.8
14.2
-5.0
-2.5
-2.5
19.2
.1
1.8
1.5
1.5
5.3
9.3
-8.6
-4.3
-4.3
16.4
18.4
4.5
2.2
2.2
13.9
.8
28.4
7.0
3.5
3.5
4.2
*
-3.6
2.1
1.9
23.1
13.0
6.5
6.5
2.5
6.3
8.8
.2
12.6
-2.5
-17.5
-.6
2.5
3.0
-.6
7.6
1.4
9.2
.5
5.0
.6
8.2
2.0
63.1
-3.0
10.7
20.6
- 2 5 . 4 T o t a l net i s s u e s , all t y p e s
C o m i e r c i a l paper
-30.6
Nosfinancial corporations
-7.2
financial business
-23.4
Commercial banking
-17.3
Finance companies
-6. 1
Beits
*
5.2
6.3
3.2
3.2
-1.1
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
- 2 5 . 4 Net p u r c h a s e s , by s e c t o r
-6.9
Households
Nonfin. c o r p o r a t e b u s i n e s s
-2.8
Foreign
.3
-1.0
3,1
2.2
.8
-.9
-3.0
-3.5
-13-8
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Sponsored c r e d i t a g e n c i e s
Monetary a u t h o r i t y
Coaiercial banking
Savings + loan a s s o c i a t i o n s
Mutual s a v i n g s b a n k s
17
18
19
20
21
life insurance coapanies
Mutual funds
Honey a a r k e t f u n d s
22
23
24
Other loans
1
2
3
4
5
6
7
8
9
13.5
.6
1.3
1.9
11.5
18.9
1.6
17.3
8.7
1.0
7.8
9.3
.4
9.0
.4
-.1
.5
-1.4
-.2
-1.3
13. 1 F i n a n c e c o . l o a n s to b u s i n e s s
* liab.;
Noncorporate Easiness
13. 1
N o n f i n . c o r p . .business
14.1
3.6
-.2
3.9
.8
2.2
3.7
19.5 O . S . G o v e r n m e n t l o a n s
4
5.2 l i a b . :
Households
5
.9
Fara business
6
5.5
Nonfara noncorp. bus.
7
1.9
Nonfin. c o r p . b u s i n e s s
8
1.8
St.+local governnents
9
4.2
Foreign
10
S p o n s . c r e d i t a g e n c i e s 11
15.5
2.0
12.4
1.7
3.4
3.0
1.2
.2
2.9
16.1
2.2
2.6
4.2
1.5
.9
4.7
19.1
3.4
3.4
5.6
1.2
1.2
4.3
19.5
1.6
4.2
5.2
1.5
3,0
3.9
17.2
4.6
2.0
5.2
1.9
-.4
4.0
15.6
3.1
1.3
5.8
.9
1.4
3.2
9.0
2.5
-2.1
4.0
.8
1.0
2.8
10.4
1.9
1,5
7.1
17.7
1.8
-.3
16.2
31.0
3.4
-.4
28.0
28.2
2.8
.2
25.2
-1.5
-1.3
-1.4
1.2
10.6
-4.3
,9
14.0
6.7
.1
6.6
7.4
.1
7.3
7.0
.1
6.9
8.8
.4
8.4
6.8
.1
6.7
5.2
-.2
5.4
.2
3.0
-1.2
12
13
14
15
6.4
1.4
.6
4.3
14.6
1.5
-7
12.5
14.6
16
17
18
1.7
2.i6
4.7
2.6
1.7
BILLIONS Of D O L L A R S .
9.5
.8
8.7
12.8
1.2
3.5
4.1
1.7
-1.6
3.9
10
11
*
3.4
.4
3.1
3.3
2.1
9.2
1 1 1 / 8 2 BASED ON I N C O M P L E T E
INFORMATION.
1
2
3
- 1 8 . 5 Sponsored c r e d i t a g e n c y l o a n s
1.3 l i a b . :
F a r a b u s i n e s s (FICB)
-3.7
N o n c o r p . b u s i n e s s <BC)
-16.2
S+l a s s n s . (FH1B)
12
13
14
15
4.3 P o l i c y l o a n s (HH l i a b i l i t y )
-.3 A s s e t :
O.S. Governaent
4.6
l i f e i n s u r a n c e cos.
16
17
18
NOTEHBBB 22, 1982
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
UNADJUSTED 1ST PXOIS ($ HILLJ
0HADJ0S3ED MET F101S ($ BILL)
II
1981
i n
IT
1
1
1982
11
I
III
Security Credit
1972
_......_..
BILLIQIS OP DOLLARS
1973
1974
1975
.———•»—.
5,092
1,533
-1,936
-1,741
6,309
881
-8,983
-4,012
1,646
-358
2,932
-924
8.7
4.5
.1
-7.9
-4.3
-.2
-4.8
-1.8
3,559
2,283
867
409
-195
-522
-447
774
5,428
3,904
75
1,449
-4,971
-4,794
-769
592
2,004
890
97
1,017
3,856
1,059
50
2,747
4.1
3.8
.1
»2
-3.4
-2.7
-.6
-.2
8 Net change i n a s s e t s
9
Households
10
C o a a e r c i a l banking
5,092
409
3,298
-1,936
774
-907
6,309
1,449
4,232
-8,983
592
-5,855
1,646
1,017
1,112
2,932
2,747
1,134
8.7
.1
4.8
11
12
1,385
-1,803
628
-3,720
-483
-949
1 Met c h a a g e i n
Households
2
Foreign
3
4
5
6
7
liabilities
Brokers and d e a l e r s
P r o i commercial banks
From f o r e i g n banking o f f .
Custoner c r e d i t b a l a n c e s
Brokers and d e a l e r s
Foreign
1976
—......__.___.....__..•_...._ .••
3.7
.7
.1
12.7
4.8
1
2
3
-2.9
-1.8
-.1
-1.0
2.9
2.3
-.1
.6
7.9
6.0
.4
1.5
4
5
6
7
-7.9
-.2
-3.4
-4.8
-1.0
-2.2
3.7
-6
2.1
12.7 8
1.5 9
6 . 6 10
3.7
.1
-4-3
-1.6
1.0
4 . 6 11
12
42.8
35.2
.6
*
*
*
Trade Credit
1 Net change In liabilities
2
Households
3
Para business
4
Nonfara noncorp. business
(Payables less receivables)
4,687
7,361
668
276
685
283
675
290
-263
-242
-262
5
6
7
8
2,247
1,840
-322
4,472
1,931
-222
Nonfin. corporate business
State and local governments
Foreign
O.S. Government
3 Net change in assets
10
Nonfin. corporate business
11
Foreign
12
O.S. Government
13
Other insurance coapanies
7,979 - 1 2 , 8 6 8
-1,411
13,565
24.5
672
675
-303
-255
-220
-228
669
78
263
.7
*5
.1
•1
.4
1.0
.2
1.3
5,974 - 1 3 , 3 1 2
1,619
1,392
-116 - 1 , 3 1 8
256
-201
-2,827
1,251
-384
11,391
1,381
-141
22.3
38.9
28.7
.8
1.9
1.8
3.1
-.8
12.4
1. 1
.5
1.1
19.3
1.2
.8
2.2
1
2
3
4
6.3
1.3
.7
1.4
10.3
.5
-3
4.1
5
6
7
8
9
10
11
12
13
241
454
322
-76
.5
.5
-.1
4,823
3,355
7,463
6,358
-237
-6,773
-8,996
1,082
860
806
-1,547
-3,811
14,223
13,163
27.4
26.2
40.7
38.8
35.7
32.3
-1,263
114
638
704
500
641
725
592
1,602
27
540
493
.8
-.8
1.2
1.0
.3
.6
1.8
1.0
.5
9.3
5.8
1.6
1.2
.6
23-8
18.7
3.4
.5
1.2
-2.9
2.1
-.4
3.0
- 4 . 4 14
-.1
2.5
2.4
1.2
1.1
.1
-2.7
-2.4
16
762
690
14 Discrepancy
-102
548
14,752 -13,728
.)
Profit Taxes Payable
1 Net change in taxes payable
2
Nonfin. corporate business
3
Coaaercial banks
4
Savings • loan associations
5
Life insurance coapanies
6
Other insurance coapanies
7
Finance coapanies
8
Brokers and dealers
-13,594
-12,602
1,740
2,187
-59
-48
204
936
-67
-396
-263
-357
-430
40
-26
-58
2
-58
-39
-79
-180
-15
14,436
9 Net change La taxes receivable --14,436
10
State and local governments
-2,193
11
O.S. Government
-12,243
12 Discrepancy
842
-4,428 -12,576
-4,039 -11,366
-33
-199
-389
-488
172
-205
2,379
2,535
-1
-328
-5
-57
206
28
-156
-142
-271
-110
18
8
10
49
-5,703 -13,255
-1,941 -2,284
-3,762 -10,971
3,981
2,039
1,942
3,809
2,111
1,698
1,657
-1,314
-2e069
-139
343
1,275
679
-.1
.. 1
-.2
*
*
*
*
*
*
*
*
. 1
.1
*
*
--1
-.3
.1
-.1
-
*
*
8.0
7.5
.2
.1
.1
4
5
6
-1
8
7
2.4
.8
1.6
.4
.7
-.2
-1.7
- 1 4 . ,3
-12. 8
-21. 8
- 3 „ .7
- 9 „ ,2
-18.0
-5.7
-\2.3
-14. 5
- 3 . ,9
-. 8
-14- . 0
.2
.9
-.7
.6
-2.3
1
2
3
7.8 9
2.2 10
5.6 11
-1,602
Proprietors' Equity in Noncorporate Business
1 Total household i-nvestnent
2
Farm business
3
Nonfara noncorp. business
•10,211
-7,202
-3,009
-3,027
-1,460
-1,567
-3,464
2,973
-6,437
111/82 BASED OH PBE1IHINABI AND IHCOHP1BTE INFOfiflATION
-6,184 -10,338
-1,804 -7,191
-4,380 -3,147
-5,991
-3,586
-2,405
- 1 0 . ,4
- 1 3 ., 7
-7. 8
1
2
3
BOTBHBBB 22, IS82
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
SEASOBALLI ADJUSTED ABMOAL
1977
1978
1979
SEASOBALLI ADJUSTED ABBOAL RATES
MkliS
1980
I
II
1981
III
Security Credit
9
10
2,2
1-3
1.5
1.3
.9
1.4
.5
-1.0
.2
-2.5
-1
2.6
2,2
-L0
2.2
1.5
2.6
-2.9
-1.4
-1.2
13.4
8.5
8.3
.1
-.2
4.9
1-2
-.4
4.1
8.2
-.7
-1.4
•6
13.4
4.1
-.9
.6
3.6
8.3
3.6
5-3
14.0
6.1
7.9
4.1
2. 1
1.6
14.0
1.6
6.9
-2.8
-7.0
16.8
3.5
-26.3
-16.0
-.2
-1.4
-
18.1 let change in liabilities
-3,7
Households
foreign
1
2
3
4.2
2.3
-1.2
3.1
13.3
7.0
.5
5.8
-10.3
-10.2
-2.4
2.4
U2
-1.6
-1.3
4.1
21.8
9.8
1.0
11.0
4
5
6
7
-2,8
3.1
1-3
16.8
5.8
8.5
-26.3
2.4
-13.8
-.2
4.1
-2.4
18.. 1 Met change in assets
11.0
Households
10.9
Conaercial banking
8
9
10
2.5
-14.9
-1.9
-3.8
Brokers and dealers
Foreign
11
12
11
12
Brokers and dealers
From coanercial banks
Proa foreign banking off.
Cnstoner credit balances
Trade Credit
10
11
12
13
28.5
1.2
,9
1.6
53.5
1.5
1.6
-2.4
60.9
1.7
1.2
22.1
.7
.5
1.6
38.4
36.1
1.7
-.5
40.2
2.2
1.0
-1.8
25.3
2.7
1.1
-1.1
40.8
2.7
1.1
-1.1
12.5
2.7
1.1
-1.0
4.4
2.7
1.2
-1.0
-24.1
2.7
-1.2
-1.0
20.8
2.7
-.9
-.9
34.3 let change in liabilities
2.7
Households
•3
Farn business
1.1
Bonf a m noncorp. business
(Payables less receivables)
1
2
3
4
49.1
1.7
-.3
2.3
54.4
1.6
1.5
1.1
33.6
2.0
T.7
1.4
14.7
6.7
.2
1.0
30.0
7.4
-1.3
2.0
1.5
7.7
-.9
1.3
-3.8
6.5
-.5
-.7
-25.2
5.6
-5.3
.3
14.0
5.0
•»1.5
2.4
26.2
5*5
-.6
-.9
5
6
7
8
63.2
56.0
3.0
2.7
1.5
76.0
71.4
.2
2.4
1.9
57.0
47.6
3.6
3.8
2.0
22.9
45.2
39.3
.1
3.0
2.8
8.7
4.2
-4.0
-12.9
4.3
2.0
2.6
-25.7
-25.9
-5.1
2.9
2.4
26.4
17.4
.5
6.4
2.2
35.7 let change in assets
31.5
Honfin. corporate business
•1
Foreign
2.2
O.S. Government
2.0
Other insurance coapanies
9
10
11
12
13
-9.7
-15, 1
8.4
1.6
-5.7
-1.4 Discrepancy
1*
-1.3
-!l
-.3
-8.6
-5.9
-.2
-1.6
-.2
-.2
-.5
-16.0
-12.5
-.4
-1.8
-.2
-27.1
-24.9
-.2
-1.5
.1
-.1
-.6
.1
-6.8
-4,1
-.5
-1.7
,2
-.1
-.7
.1
-7.2 let change in taxes payable
-5.7
lonfin. corporate business
Conaercial banks
Savings • loan associations
-1.5
.4
life insurance coapanies
Other insurance coapanies
Finance coapanies
Brokers and dealers
-12,3
-.9
-11.4
-6.9
.5
-7.5
-19.7
-1.1
-18,6
-25.9
.1
-26.1
-5,3
-.7
-4.6
-7.4 let change in taxes receivable 9
-.3
State and local governments 10
-7.1
O.S. Government
11
2.5
2.6
-16.8
--9
2.6
-4.4
Honfin. corporate business
State and local governments
Foreign
0.S* Government
Profit Taxes Payable
-.6
-1.3
-3
.4
.1
9
10
11
.4
1.8
-1.4
5.2
3.4
.3
.4
.6
.2
.2
3.7
.8
2.8
-9.9
-7.6
.5
.9
.3
.4
.1
-3.1
-6.7
.5
.6
1.2
.4
,7
-2
1.0
1.5
-.5
-3.9
1-0
-4,. 9
-8.9
.5
-1.5
-.2
-.2
-.4
-.5
-8.4
-13.3
-11.4
•1
-.2
-.7
1
2
3
4
5
6
7
8
•2 Discrepancy
3.7
Proprietors' Eguity in Noncorporate Business
1
2
3
-23.7
-5.8
-17.9
-16.1
-8.3
-7.8
BILLIOMS OF DOLXAfiS.
-24.2
-9.6
-14.6
-34.8
-16.0
-18.8
-24.0
-10.2
-13.8
-28.2
-14.8
-13.5
-21.5
-7.1
-14.4
111/82 BASED 01 INCOMPLETE IHFOBHATIOB.
-20.6
-1.7
-18.8
-22.8
-5.6
-17.2
-28,0
r14.0
-14.0
-33.6 ffotal household investment
-16.1
Farm business
-17.4
lonfarm noncorp. business
1
2
3
HOfEMBEB 220 1982
Miscellaneous I
Miscellaneous H
Hiscellaneoas Financial Claias
46
0HADJ8SIBD MET FLOWS ($ MILL*
ONADJOSTBD HRT FLGVS ($ Hill)
1972
BILLIOHS OF 00UABS
1973
1974
1975
—
1976
—
28,151
454
4,540
21,223
471
4,478
25,416
454
9,335
25,2.67
447
1,216
21,790
450
2,673
11,266
438
3,202
31.0
.5
•9
33.7
.4
2.9
32.3
.7
4.9
37.3
.7
2.6
52.1
.6
4.3
1
2
3
Foreign
O.S. Governaent
13,002
-6,630
-1,282
3,840
1,701
770
3,475
5,968
1,909
3,041
-5,149
257
5.3
10.6
-.4
10.2
15*6
-.7
16.3
.9
4
5
6
7
8
9
Total, .finance
Sponsored credit agencies
Monetary authorities
Coaaercial banking
16,785
414
515
5,998
13,716
2,641
289
435
13,156
14,161
84f
-728
3,589
13,717
526
-235
3,243
12,518
2,014
101
984
24.2
.3
-.1
10.7
20.3
2.2
1.2
4.7
16.6
-.3
7.7
.3
19.2
1.6
-.5
2.1
29.9
2.3
.3
3.4
6
7
8
9
10
11
12
13
14
15
Savings + loan assns.
Mutual savings hanks
Life insurance companies
Other insurance companies
Finance companies
Beits
1,540
1,041
2,487
2,183
2,607
500
1,708
2,033
2,162
3,948
825
-743
1,740
3,135
880
1,005
2,956
2,483
6,696
-158
1,148
3,269
-772
3,083
1,099
1,171
3,670
396
.9
.2
2.6
4.8
4.8
.6
.6
2.5
4.8
3.7
-.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
10
11
12
13
14
15
29,927
18,901
1,118
411
25,803
471
6,613
490
1,466
1,206
540
628
3,555
21,206
1,430
533
634
5,778
20,722
1<610
381
616
1,778
18,046
1,866
504
714
2,369
29.3
2.7
.7
1.0
13.8
37.9
2.8
.6
1.0
17.3
31.8
2.7
.8
1.9
13.3
31.9
3.8
.9
1.3
14.9
47.5
5.5
1.5
2.1
18.3
1<6
17
18
19
20
6,169
505
1,887
276
8,671
114
1,961
292
2,251
600
2,244
59
3.0
.1
7.6
.9
3.0
1.8
*
.7
14,599
-374
13,253
480
11,089
887
371
13,486
-88
-42
4,880
10,290
9
523
1,647
8.1
-.4
4.3
6.8
.9
.3
3.0
11.1
-1.8
1.8
6.5
8.6
.9
3,630
10,578
308
-25
2,450
1,097
501
1,940
100
3,334
120
1,754
100
161
732
4,828
349
1,542
100
281
745
6,874
984
1,373
100
8
-603
6,805
816
1,440
100
-17
-1,033
1.7
.5
1.0
.2
1.3
.2
.9
. 1
1,035
4,133
49
2,008
100
250
225
-1,776
2,322
-387
4,061
1,068
-6,780
1.8
-3.3
(A) Foreign claims
Direct foreign investment by 0. S. corps.
34 Liab.: Foreign
5,737
1,353
35
Equity • intercompany accts.
2,255
-909
36
Betained earnings
3,482
2,262
2,359
-762
2,672
1,384
1,549
265
3,121
1,288
1,284
481
-819
1,300
5.7
1.2
4.5
10.1
2.0
8.2
8.9
1.2
7.8
14.0
6.0
8.0
11.6 34
3-9 35
7.7 36
Direct foreign investment in O.S.
37 Liab.: Honfinan. coxp..bus.
4,540
38
Eguity • intercompany accts.
3,360
39
Betained earnings
1,180
9,335
8,475
860
1,216
632
584
2,281
392
3,202
2,602
600
.9
.4
.6
2.9
1.9
.9
4.8
3.7
1.1
2.6
1.4
1.2
4 . 3 37
2.7 38
1.7 39
.3
.3
.6
.7
1.1 40
-.2
.6
-.6
*
- . 1 41
1 Net change is liabilities
2
Households
3
Honfin. corporate business
16 Het change in assets
17
Households
18
Fara business
19
Honiara noncorp. business
20
Honfin. corporate business
21
22
Foreign
O.S* Government
23
24
25
26
Total finance
Sponsored credit agencies
Monetary authority
Coaaercial banking
27
28
29
30
31
Savings and loan assns.
Mutual savings banks
Life insurance companies
Private pension funds
Aeits
32
Money market funds
33 Unallocated, net
O.S. Govt. eg. in IBBD, etc.
40 Liab.: Joreign
Honofficial foreign currency
41 Asset: O.S. Governaent
Liab.: Foreign
1,346
-399
4,153
2,576
3,658
*
1,164
406
1,102
9,198
-547
6,555
4,478
3,358
1,120
316
330
189
-54
250
-
*
.8
-
-
*
*
2.3
.5
1.4
. 1
.4
-.1
*
2.0
1.9
.6
1.7
.2
1*2
*
8.9 21
1.9 22
10.3
-.2
-.2
6. 1
23
241
25
26
2.9
.4
1.5
.2
-.3
*
27
28
29
30
31
32
5.5
(B) Claias on Federally related agencies
Postal Savings Deposits
42 Asset: Households
Liab.: O.S. Governaent
Deposits at Federal Hone Loan Banks
99
43 Liab.: Sponsored credit ags.
Asset: S+l associations
2,008
113
676
-390
1,613
-.2
19
11
21
20
29
T4
.1
390
279
415
258
177
160
.3
44 Federal reserve Bank stock
Asset: Coaaercial banks
45 Eguity in sponsored credit ag.
46 O.S. Governaent
Private:
47
Fara business (FICB + FLB)
48
Honiara noncorporate (BC)
49
Honfin. corp. bus. (FHHA)
50
S+l associations (FHLB)
. 5 45
46
154
15
1
220
151
15
-1
114
233
36
1
145
111/82 BASED OH PBEXIMINABT AHD IHCOHPXETE INFORMATION
1.2 43
172
34
-3
55
-9
-34
220
79
14
75
-8
.1
, 1
. 2 47
. 1 48
49
- 2 50
*
HOVEflBEB 22, 1982
Miscellaneous 1
Miscellaneous I
47
Miscellaneous Financial Claias
SEASOMALLI ADJDS1EE ANNUAL BATES
SEASONALLY AJDJ0STED AI10AL BATES
1
1
1981
III
I
1982
II
III
1
1977
1978
1979
1980
1981
1
2
3
44.9
.9
3.7
71.3
1.1
7.9
90.4
1.3
11.9
59.9
1.2
13.7
102.3
1.8
21.3
98.3
1.8
18.2
109.2
17.9
122.7
1.8
37.3
68.7
1.8
4.9
71.2
1.8
10,7
73.4 Met change in liabilities
1.8
Households
12.8
Honfin. corporate business
4
5
8.4
-.9
20.1
-,3
27.6
-1.3
14.6
-1.9
20.6
1.0
48.1
-26.5
11.5
15.4
7.4
3.1
-.1
23.9
2.2
12.2
-1.3
1.0
Foreign
0.S. Government
4
5
6
7
8
9
32.9
1.3
42.5
4.8
.5
12.7
50.9
5.9
.9
13.2
32.3
3.7
-1, 1
6.3
57.6
4.6
.3
17.1
56.8
1.9
1.0
17.1
62.6
10.4
1.2
9.5
73.0
3.6
-.7
32.4
38.2
5.5
-2.7
-3.3
44.4
2.5
-2.2
6.5
59.1
7.5
.6
t2.9
Total finance
Sponsored credit agencies
Monetary authorities
Commercial banking
6
7
8
9
*
4.2
2.6
7.8
9.5
11.5
4.0
4.6
9.0
8.7
10.4
3.0
5.5
8.5
8.6
15.8
7.3
-1.4
7.0
10.3
14.6
9.7
2.7
4.6
11.8
9*9
24.3
-.3
3.6
13.1
-3.1
13.9
3.9
5.1
14.7
1.6
Sayings • loan assns.
Mutual savings banks
Life insurance companies
Other insurance companies
Finance companies
Beits
10
11
12
13
14
15
77.5
5.6
1.9
2,6
33.7
95.6
4.8
1.7
2.1
17.4
116.5
4.7
1.6
1.9
33.3
99.5
4.5
1.6
2.0
11.5
99.8
4.8
2.2
2.5
9.8
65.2
5.7
2.1
2.5
13.5
81.5
6.4
1.5
2.5
15.6
99.7 Bet change in assets
Households
7.5
Farn business
2.0
Honfara noncorp. business
2.9
Honfin. corporate business
16.0
16
17
18
19
20
6.9
11
1
2
3
10
11
12
13
14
15
4.6
12.6
6.6
-.5
-.6
1.4
4.5
14.1
5.3
-.1
.4
1.2
4.4
14.7
10.1
16
17
18
19
20
36.4
6.9
1.7
2.6
21.5
65.7
6.6
2.0
3.0
24.5
78.7
7.2
1.9
3.0
35.1
21
22
-4.2
.7
7.9
.8
8.5
.8
16. 1
.5
19.7
.8
22.2
2.0
14.2
1.1
28.8
.5
9.0
1.2
7.6
2.4
17.2
•2
Foreign
O.S. Governaent
21
22
23
24
25
26
7.1
.9
-,6
3.5
21.0
.6
.5
11.8
22.3
.6
.2
10.1
17.2
1.3
.5
7.3
49.0
.5
28.0
50.8
.2
4.4
25.6
64.5
1.6
-2.2
35.0
51.2
1.6
1.5
27.2
31.2
2.1
-.1
-»1.2
45.4
1.6
-.2
6.8
53.9
-.4
2.1
16.6
Total finance
Sponsored credit agencies
Monetary authority
Commercial banking
23
24
25
26
27
28
29
30
31
32
1.8
.3
2.5
-.5
-.8
-.1
5.1
.1
2.4
.1
-.3
.5
6.3
.5
3.5
.4
.3
.4
3.7
1.0
3.6
.4
-1.0
.4
9.0
.9
7.3
.4
.4
1.9
6.4
2.0
7.8
.4
9.3
.7
7.0
•4
.6
2.9
18.5
1.3
6.2
.4
1.1
3.0
29.8
3.9
5.5
.4
30.4
3.2
5.8
.4
4.1
19.7
.1
8.0
.4
1.0
.9
-2.4
Sayings and loan assns.
Mutual sayings banks
Life insurance companies
Private pension funds
Beits
Money market funds
27
28
29
30
31
32
33
8.6
5.6
11.7
-17.5
6.7
-18.2
9.8
22.9
3.5
-10.3
In
*
.8
2.2
12.4
7.9
.1
*
.7
*
-4^1
-26.3 Unallocated, net
33
(A) Foreign claims
Direct
6.6
1.4
5,1
foreign investment by 0.S. corps.
6.2 Liab.: Foreign
34
1.0
Eguity + intercompany accts..35
5-2
Betained earnings
36
34
35
36
11.5
5.1
6.4
15.7
4.4
11.3
26.6
7.6
19.0
21.9
4.9
17.0
12.3
-.6
13.0
23.2
9.2
13.9
9.3
.3
9.0
6.8
-5.7
12.5
9.4
4.2
5.2
37
38
39
3.7
2.1
1.6
7.9
5.3
2.6
11.9
7.9
4.0
13.7
7.5
6.2
21.3
17.2
4.1
18.2
13.4
4.7
17.9
13.4
4.5
37.3
33.9
3.4
4.9
2.5
2.3
10.7
9.1
1,6
40
.7
.6
.8
.7
1.1
1.3
1.3
1.1
1.0
2.4
O.S. Govt..eg. in IBBD, etc.
.2 Liab.: Foreign
40
-
Honofficiai foreign currency
* Asset: O.S. Government
Liab.: Foreign
41
41
*
.1
*
-.3
-.2
.8
-.2
-.6
.2
Direct foreign investment In O.S.
12.8 Liab.: Honfinan. corp. bus.
37
10.4
Eguity • intercompany accts. 38
2.4
Betained earnings
39
{BJ Claims on Federally related agencies
Postal Savings Deposits
Asset: Households
Liab.; O.S. Government
42
Deposits at Federal Home Loan Banks
6.5 Liab.: Sponsored credit ags.
Asset: S*l associations
43
-
45
46
1.3
49
50
BILLIONS OF DOLLABS.
1.6
.4
.1
.1
1.0
8.3
-.6
3.9
-1.8
*
.t
.1
.1
.1 Federal Reserve Bank stock
Asset: Commercial banks
44
1.7
1.2
1.6
1.t
*7
45
46
.6
.1
.9
.1
.7
.1
•
*
-.11
.7 Eguity in sponsored credit ag.
- O . S . Governaent
Private:
.3
Farm business (FICB • FLB)
.1
Honfara noncorporate (BC)
.3
Honfin. corp. bus. (FHHA)
S+l associations (FHLB)
.1
.6
•6
.1
.6
.1
*
.7
1.0
II1/82 BASED OH IHCOHPLETE INFORMATION.
9
47
48
49
50
IOTEHBEB 22, 1982
Biscellaneous II
Biscellaneoas
H
Biscellaneous Financial Claias (Continued!
OIlDJOffiTBD BET FLOSS ($ HILL)
011DJ0STBD BET FLOWS ($ Bill)
1982
II
1981
III
BILLIOBS OF DOLLARS
1973
1974
1975
197*
(C) Life insaxance claias
Deferred and unpaid preaiaas
1 Liab.; Boasebolds
Asset: Life insurance
Life coapany reserves
2 Liab.: Life insaxance cos.
3
Accident and health
4
Policy dividend accaa.
Asset: Boasebolds
543
234
309
557
244
313
543
234
309
535
229
306
531
228
303
521
221
300
1.3
-5
.8
1,183
621
252
456
854
2,162
561
260
475
866
2,576
663
307
592
1,014
2,956
895
361
600
1,100
3,269
1,079
390
650
1,150
3,670
1,345
425
700
1,200
4.8
1.4
.6
1.0
1.9
(E) Intercorporate claias
Corporate parent investaent la
finance companies
2,605
Asset: Domestic
bank affiliates
3,344
1,960
969
-355
1.4
.7
.7
1.7
.7
1.0
1.9
-7
1.2
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
(D) lonlife insurance claiis
5 Liab. ; OtJber insurance cos.
6 Asset: Bouseholds
7
Fari business
8
lonfan n on cor p.. bus.
9
flonfincorp. business
10
4.8
1.4
.5
1.9
2.0
1.4
5
6
7
8
9
3.4
(F) Onalloeated assets + liabilities
11 Bet total (liab. less assets)
-1,776
2,322
-387
4,061
1,068
-6,780
1.8
-3.3
12
13
14
15
16
17
Bet change in liabilities
Foreign
O.S. Govexnaent
O.S. Govt.-without levels
Sponsored credit agencies
Bonetary authority
11,076
6,760
6,284
-2,911
7,526
-772
15,226
511
13,257
-240
809
-5,689
15.2
-.5
11.0
-.5
-6,630
-75
496
3,840
354
278
770
818
-420
5,968
-93
-748
3,041
739
-264
257
241
87
.3
-.2
18
19
20
21
22
Commercial banking
Coaaercial banks
Bank affiliates
Foreiga banking offices
Banks in O.S. poss.
5,998
4,412
-64
1,063
587
435
-2,712
130
2,256
761
4,153
934
601
1,857
761
3,589
2,014
23
800
752
3,243
3,839
-1,512
98
818
984
-763
-177
1,121
603
10.7
6.4
.2
3.7
.5
23
24
25
26
27
Savings and loan assns.
Butual savings banks
Life insurance companies
Finance coapanies
Beits
1,540
1,041
1,944
2
500
1,708
1,476
604
825
-743
1,197
1,698
3,135
880
470
1,514
6,696
-158
617
-417
3,083
1,099
650
97
.9
.2
1.4
2.4
.6
I.J
2-3
-
-
28
29
30
31
32
Bet change in assets
Bonfin. corporate business
Foreign
Sponsored credit agencies
Bonetary authority
12,852
21
1,629
-374
1,102
3,962
-752
-2,591
480
-547
7,913
181
-664
887
371
11,165
2,009
745
308
-25
12,189
-921
-422
-88
-42
7,589
613
-958
9
523
13.4
6.2
2.0
-.4
33
34
35
Coaaercial banks
Foreign banking offices
Banks in O.S. possessions
3,126
2,422
1,026
226
2,564
410
-87
1,348
388
594
486
381
3,934
1,139
133
165
1,018
151
36
37
38
39
Savings and loan assns.
Butual savings banks
Life insurance coapanies
Private pension funds
778
501
1,486
100
2,011
49
1,537
100
3,076
120
1,300
100
4,097
349
1,095
100
7,044
984
923
100
5,200
816
1,002
100
40
41
Beits
Honey aarJcet funds
1,035
250
225
161
732
281
745
8
-603
-17
-1,033
—
—
—
IXI/82 BASBD OB PBELIHIBABI ABD IBCOBPLBTB IRFOBBATIOB
—
—
*
*
-•
-
-.4
1.4
1.1
4.7
3.3
*
1.0
.5
.6
5.5
9.5
1.3
1.7
-1.7
-1.1
-.3
*
.$
.3
.9
.6
.9
-1
1.1
-.1
.3
1.1
.7
-.1
1.6
1.2
1.3
1.1
..1
2.0
2.1
.2
23
24
25
26
27
8.9
2.2
-1.8
-1.8
1.8
1.9
-1-4
-.8
.9
9.7
3.2
4.6
-.2
-.2
28
29
30
31
32
4.6
1.4
-.2
-2.5
.6
.6
1.5
.6
1.0
.2
1.5
-4
.8
.2
1.2
- . 3 40
* 41
-.1
*
.8
.2
1.1
.5
.5
.5
.7
.8
-
-
*
18
19
20
21
22
3.4
1.7
-9
.3
.4
1.8
.5
•1
-.1
1.0
-.5
12
13
14
15
16
17
2.J
.1
.2
.1
.2
-.6
4.6 11
14.3
3.7
-.5
1-4
.6
.2
7.7
5.5
.5
1.6
.8
14.3
5.2
4.8
.8
7.4
.9
.4
-.1
.7
*
,*
- . 7 33
. 4 34
- . J 35
36
37
38
39
MOVEMBEB 22, 1982
Miscellaneous II
Miscellaneous II
49
.Miscellaneous financial Claias (Continued)
SEASONALLY ADJUSTED ANNOAL .BATES
1977
1978
1979
SEASONALLY ADJUSTED ANNOAL RATES
1980
1981
i
J II
198h
III
I?
|
|
I
1982
II
III
(C) Life insurance claias
1.2
t.8
1.8
1.9
1.8
1.8
1.8
Deferred and unpaid premiums
1-8 Liab.; Households
Asset; Life insurance
Life company reserves
2.1 Liab.; Life insurance cos.
.9
Accident and healtii
1.2
Policy dividend accua.
Asset: Households
2
3
4
2.7
1,4
1.4
2-7
1.3
1.4
2.4
.8
1.6
1.7
.6
1.1
2.1
,9
1.2
2.2
.9
1.2
2.2
1.0
1.3
2.2
.9
1.2
2.1
.9
1.2
2.1
.9
1.2
5
6
7
8
12.6
4.2
1.5
2.5
14.1
3.9
1.7
2.3
14.7
4.8
1.5
2.9
12.4
3.9
1.3
2.5
9.5
2.6
1.1
2.1
8.7
2.5
1.0
1.8
8.6
2.2
1.0
1.9
3.5
10.3
2.7
1.2
2.4
4.1
11.8
3.6
1.4
2.4
4.4
13. 1
4.3
1.6
2.6
4.6
-.5
2.7
5.5
4.4
7.9
10.4
13.4
7.8
3.9
1
2
3
4
(D) Nonlife insurance claias
-1.4
14.7 Liab.:
5.4 Asset:
1.7
2.8
4.8
Other insurance cos.
Households
Fara business
Nonfara noncorp. bus.
Monfin. corp. business
(E) Intercorporate claias
Corporate parent investment in
1.2
finance companies
Asset:
5
6
7
8
9
10
Domestic bank affiliates
(F) Unallocated assets + liabilities
12
13
14
15
16
17
8.6
12.2
-3.8
-.7
-.3
.2
-.1
5.6
23.0
3.6
-.3
1.4
.4
-1.3
1.2
.8
-1.9
2.2
-1. 1
18
19
20
21
22
6.9
5.6
-.3
.7
.8
12.7
12.2
-2.4
2.3
.6
13.2
S.\
.3
2.7
1.1
6.3
-.3
• 1
4.9
1.6
23
24
25
26
27
1.1
•4
1.8
7.1
-.5
-.6
1.4
1,8
2.6
-.1
.4
1.2
2.0
4.6
.8
28
29
30
31
32
3.6
5.5
-7.9
.9
-.6
17.5
3.2
.6
.5
10.8
2.9
*3.4
.6
.2
20.1
7. 1
2.4
1.3
.5
36.5
1.3
-1.6
,7
.5
33
34
35
3.7
.3
6.9
2.0
.1
2.0
2.1
.4
.9
1.5
.5
9.3
7.9
2.9
36
37
38
39
1.2
.3
1.6
-.5
2.3
.1
1.3
.1
2.2
.5
2.2
.4
2.0
1.0
2.4
.4
40
41
-,8
-.1
-.3
.5
.3
.4
-1.0
*4
-
*
*
BILLIONS CF DOLXABS.
11.7
22.5
.2
-
*
-17.5
2.6
-7.8
-
*
.5
3.5
.1
6.7
43.2
7.4
-
-18.2
29.9
22.9
-
9.8
45.2
1.1
-
22.9
54.9
.2
-
3.5
28.6
-10.6
—
-10.3
36.9
-6.8
-
-26.3 Net total (liab. less assets)
Net change in liabilities
27.2
-7.7
Foreign
0.S. Governnent
1.0
D.S. Govt.-without levels
.3
Sponsored credit agencies
.5
Monetary authority
11
12
13
14
15
16
17
-
1.0
1*4
.2
•26.5
.1
1.0
15.4
.9
1.2
3.1
2.6
-.8
23.9
.5
-2.8
12.2
3.5
-2.3
17.1
6.4
1. 1
6.8
2.7
17.1
9.4
-.3
5.7
2.3
9.5
-2.1
.5
8.1
3.0
32.4
18.3
2.4
8.7
3.0
-3.3
-7.5
.1
1.1
3.0
6.5
7.0
-6.0
2.2
3.3
12.9
7.2
-.7
3.2
3.2
Coaaercial banking
Commercial banks
Bank affiliates
Foreign banking offices
Banks in 0. S. poss.
18
19
20
21
22
4.2
2.6
5.7
3.6
4.0
4.6
6.8
3.0
5.5
6.3
2.4
7.3
-1.4
4.8
6.8
9.7
2.7
2.4
6.1
24.3
-.3
1.5
-1.7
13.9
3.$
3.0
.4
Savings and loan assns.
Hutual savings banks
Life insurance companies
Finance companies
Beits
23
24
25
26
27
53.5
4.7
4.4
-.4
2. 1
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Honetary authority
28
29
30
31
32
*
*
•
-
-
-
-
35.4
-1.3
-3.7
1.6
-2.2
32.0
-1. 1
-8.5
1.6
1.5
25.2
-.3
4.1
2.1
47.1
4.5
-3.1
1.6
-.2
1.3
9.7
4. 1
9.6
10.3
1.6
12.3
5.4
1.6
-8.6
1.9
1.5
3.0
4.6
.5
10.7
4.1
.6
Coaaercial banks
Foreign banking offices
Banks in U.S. possessions
33
34
35
6.5
.9
5.5
v
.4
5.2
2.0
5.9
.4
10.8
.1
6.1
.4
9.4
.7
5.2
.4
14.3
1.3
4.4
.4
30.7
3.9
3,7
.4
23.8
3.2
4.0
.4
Savings and loan assns.
Hutual savings banks
Life insurance companies
Private pension funds
36
37
38
39
.4
1.9
4.1
1.0
.9
,6
2.9
-. 1
-4.1
Beits
Honey market funds
40
41
48.2
6.8
4.0
.2
4.4
111/82 BASED ON INCOMPLETE INFOBHATION.
"-1
1. 1
3.0
*
-2.4
-
•0TEHBE1 22,
Total Claias
Total Claias
Total Financial Assets and Liabilities
DMADJUSTED SIT FLOSS ($ HILL)
0 1 ADJUSTED MET FLOSS
($
BILL)
—
.—
._
.—__—_•—
.—.—
_—....—....^—..^—..—^
.—
. —_——
. _—
.-—
.S OF DOLLIBS
.——_ ..__.
BIL
L J—
O I.»—-»-»
1982
1 9.—
8 1——__-._—-.-.———•«..»
1
II
I I I
I?
1
I
Total
Total funds raised
II
I l l
Funds R a i s e d and Advanced
1973
1972
i n Credit
Markets
1974
1975
1976
(1)
136,438
143,033
121,161
88,552
120,973
142,834
191.3
238.2
227.7
213.4
285.4
1
2
3
4
5
6
7
8
9
10
Honfinancial sectors
U.S. Government
Foreign
Private domestic
Households
Farn business
Honfarn noncorp. bus.
Corporate Easiness
State+local governments
104,252
-2,607
8,141
98,718
34,551
8,704
13,695
35,054
6,714
111,560
18,454
7,597
85,509
36,915
3,778
9,488
29,454
5,874
110,576
35,695
5,775
69,106
27,317
-1,024
10,342
26,970
5,501
78,504
32,722
1,180
44,602
9,075
1,690
4,781
25,228
3,828
89,662
9,351
3,405
76,906
20,567
6,581
10,556
26,816
12,386
130,981
58,224
3,283
69,474
25,337
2,767
5,876
23,252
12,242
166.3
15.1
5. 1
146.1
64.9
5.8
28.4
32.4
14.5
194.0
8.3
6.3
179.4
77.7
9.9
29.8
48.8
13.2
190.1
11.8
15.0
163.3
53.9
7.8
20.2
65.9
15.5
204.3
85.4
11.3
107.5
52.1
8.5
12.5
20.8
13.7
262.7
69.0
19.3
174.3
89.5
10.2
15.4
44.0
15.2
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Financial sectors
Sponsored credit agencies
Mortgage pools
Connercial banks
Bank affiliates
Savings and loan assns.
Finance companies
Beits
32,186
9,583
3,591
-15
3,615
7,364
8,120
-72
31,473
13,485
3,519
-96
3,705
8,414
2,296
150
10,585
3,561
4,607
107
1,121
-1,653
2,877
-35
10,048
1,782
8,640
-28
1,658
1,441
-3,414
-31
31,311
8,362
8,622
64
3,175
3,203
7,972
-87
11,853
5,188
12,598
369
-3,918
-2,023
-287
-74
25.0
3.5
4.9
1.1
2.6
1.7
6.6
4.6
44.3
16.3
3.6
3.2
6.0
9.5
5.6
37.6
17.3
3.4
.2
4.4
4.8
6.0
1.5
9.1
3.2
7.1
.2
.6
-2.3
.5
-.1
22.7
2.1
12.2
.7
5.4
. 1
4.3
-1.9
11
12
13
14
15
16
17
18
136,438
143,033
12 t , 161
88,552
120,973
142,834
191.3
238.2
227.7
213.4
285.4
19
31,709
22,914
472
1,694
6,629
31,810
23,446
501
4,120
3,743
19,213
12,427
1,073
1,145
4,568
24,338
24,171
10
-878
1,035
30,280
14,193
433
1,058
14,596
36,223
25,719
253
2,058
8,193
24.2
14.0
.5
2.8
6.9
43.5
37.9
1.4
-1.4
5.6
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
20
21
22
23
24
729
7,354
-2,624
4,824
8,089
4,262
1,834
3,278
5,827
6,214
5,109
5,413
8.4
1.8
.6
3.9
11.2
9.4
6.1
13.4
15.2
7.9
25
26
1
19
in credit Markets
Total funds advanced
in credit Markets
20
21
Private dom. nonfin. sectors!
Households
22
23
24
Honfarn nencorp. business
Corporate -business
State • l o c a l governments
*
25
26
Foreign
O.S. Government
27
28
29
30
Financial institutions
Sponsored credit agencies
Mortgage pools
Federal reserve system
96,646
10,966
3,591
1,591
109,023
13,323
3,519
4,280
89,597
3,386
4,607
7,552
59,102
2,901
8,640
-5,371
78,652
8,181
8,622
835
96,089
3,145
12,598
9,149
156.8
4.0
4.9
.3
190.3
15.5
3,. 6
9.2
156.6
20.8
3.4
6.2
143.1
4.5
7.1
8.5
217.5
4.7
12.2
9.8
27
28
29
30
31
32
33
34
35
Commercial banking
Commercial .banks
Bank affiliates
Foreign banking offices
Banks in O.S. poss.
33,932
34,336
-32
168
-540
35,048
27,927
-28
7,181
->32
32,800
31,453
78
1,302
-33
17,249
19,122
9
-1,909
27
23,547
24,205
240
-1,108
210
22,692
20,935
199
1,327
231
70.3
69.0
-.2
1.2
.3
84.6
78.4
1.7
4.4
,. 1
66.8
58.3
.9
7.2
.5
29.4
28.4
-.5
1.1
.4
59.6
54.9
-.3
4.4
.6
31
32
33
34
35
36
37
38
39
40
Private nonbank finance
Savings institutions
Savings • loan assns.
Mutual savings banks
Credit unions
46,566
10,970
8,188
233
2, 5 4 9
52,853
7,549
3,997
496
3,056
41,252
63
2,423
-204
-2,156
35,683
5,643
4,871
627
145
37,467
3,252
3,817
-1,307
742
48,505
5,476
2,853
1,056
1,567
77.4
46. 1
33.7
9.5
2.9
77.3
34.7
26.8
4.3
3.6
59.5
23.9
18.1
3.1
2.7
93.7
53.1
37.0
10.7
5.4
131.2
70.2
50.7
12.8
6.6
36
37
38
39
40
41
42
43
44
45
19,467
Insurance sector
9,166
life insurance cos.
1,893
Private pension funds
i
7,393
St.-tloc. govt. rtr. funds
1,015
Other insurance cos.
19,699
9,420
4,820
3,551
1,908
17,791
6,073
4,375
5,499
1,844
23,084
9,691
5,647
5,384
2,362
21,915
8,774
5,846
5,894
1,401
21,769
8,618
5,112
4,761
3,278
16.9
9.7
-1.0
4.6
3.7
23.7
12.3
2.3
5.7
3.4
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
41
42
43
44
45
46
47
48
49
50
51
Finance n.e.c.
Finance companies
Beits
Mutual funds
Money market funds
Brokers and dealers
25,605
5,243
-350
698
20,434
-420
23,398
8,065
-358
1,838
10,077
3,776
6,956
-1,509
-400
2,623
6,226
16
12,300
4,077
-125
2,150
5,394
804
21,260
475
-77
4,056
14,213
2,593
14.3
9.5
4.2
.3
18.9
11.4
5.6
1.3
-. 3
-. 6
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
46
47
48
49
50
51
16,129
10,389
-322
1,960
4,670
-568
*
(1) Excludes corporate equities.
Total Claims and Their Belation to Total Financial Assets
Total funds raised (from
1
preceding table)
136,438 143,033 121,161
Other financial sources:
877
-397
2
Official foreign exchange
-223
128
358
3
Treasury curr. and SDB ctfs.
349
88,552 120,973 142,834
191.3
238.2
227.7
213.4
285.4
1
-106
354
712
337
-331
471
-.2
.5
-. 1
.4
1.3
.4
.8
,.9
2.5
1.2
2
3
112.0
16.3
37.0
113.3
18.6
97.4
1.3
-8.3
3.5
.8
147.7
24.8
123.9
*
-16.2
13.6
1.7
4
5
6
7
8
9
10
4
5
6
7
8
9
10
Deposits at financial insts.
Checkable deposits
Small time • savings dep.
Honey market fund shares
Large time deposits
Security UP»s
Foreign deposits
53,806
14,668
1,344
14,964
18,486
2,972
1,372
67,718
2,145
6,737
34,332
23,119
-714
2,099
98,490
22,902
26,242 -25,791
25,274
30,235
21,070
9,396
14,288
3,463
4,016
9,133
2,483
1,583
48,801
7,649
15,331
10,289
10,828
2,936
1,768
81,236
14,439
18,407
21,627
18,193
10,755
-2,185
115.4
24.2
69.7
18.7
1.9
.9
41.3
16.2
1.2
87.5
6.9
34.9
2.4
43.9
-.4
-.2
11
12
Life insurance reserves
Pension fund reserves
2,250
22,055
2,422
33,119
3,066
18,805
2,761
23,401
2,674
31,482
6.9
22.6
7.6
25.4
6.7
29.6
8.7
34.9
8.4
44.0
11
12
13
14
15
16
17
18
Corporate eguities
1,115
5,092
Security credit
Trade debt
4,687
-13,594
Profit taxes payable
Honcorp. proprietors1 eguity - 1 0 , 2 1 1
28,151
Miscellaneous
-5,487
-1,936
7,361
1,740
-3,027
21,223
-2,827
3,355
4,316
6,309
-8,983
1,646
7,979 - 1 2 , 8 6 8
-1,411
204
-4,428 -12,576
-3,464
-6,184 -10,338
25,416
25,267
21,790
6,657
2,932
13,565
2,379
-5,991
11,266
13.7
8.7
24.5
-. 1
-14.3
31.0
10.2
-7.9
42.8
2.5
-12.8
33.7
5.7
-4.8
35.2
1.2
-18.0
32.3
10.6
3.7
12.4
-2.7
-14.5
37.3
10.6
12.7
19.3
8.0
-21.8
52.1
13
14
15
16
17
18
1,715 12,361 -21,775
7,960 -9,157 -11,414
232,730 278,662 253,095 133,924 191,255 277,760
-4.8
395.2
-.2
451.6
-.1
404.7
-11.2
407.7
-9.0
561.
1
19
20
.4
-.4
.1
1.6
3.0
-.8
.6
-4.4
21
22
23
19
Interbank claims
20 Total financial sources
- Floats not incl. in assets
Demand dep.: U.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claims
Security BP's
Profit taxes payable
Miscellaneous
Totals allocated to sectors
as assets
-
*
0,001
200
-136
-3,295
-7,126
-102
-1,856
-872
16,366 - 1 0 , 0 3 1
1<4,752 - 1 3 , 7 2 8
1,435
1,457
136
-2,174
-6,908
-658
.4
4.7
-2.9
.3
-.4
2.1
-54
948
90
842
1,776
-52
-1,504
-3,321
-2,069
2,322
-37
-2,864
723
-139
-387
40
1,785
240
679
1,068
66
-190
1,068
-1,602
-6,780
-.2
-4.6
-.6
-.3
1.8
.6
.9
.2
-3.3
-.1
2.5
.3
.7
.5
-3.8
4.6
-1.0
5.5
-.2
-.9
9.3
.2
4.6
24
25
26
27
28
222,615 293,809 226,537 145,955 184,415 294,938
397.0
451.2
400.8
397.6
552.7
29
111/82 BASED OH PBE1IHIHA1T. AMD IHCOMPLEIE IHFOBMATI0H
2,648
15,455
-
850
7,208
-794
1,275
4,061
*
*
MOTEHBEB 2 2 , 1982
Total Claims
Total Claiis
T o t a l F i n a n c i a l A s s e t s and
SEASOIALLI ADJUSTED
AHHUAL
SEASOHALLT ADJOSTED AHHOAL HATES
BITES
1
1977
1.978
51
liabilities
1980
1979
1981
T o t a l F u n d s fiaised and
1
1
1981
III
II
I»
1982
I
1
A d v a n c e d in C r e d i t M a r k e t s
II
III
O)
1
379*9
477.4
489.7
443.5
499.1
564.5
530.3
421. 1
436.6
509.2
521,4
2
3
4
5
6
7
8
9
10
331.2
56.8
13.5
260.9
137.3
12.3
28.3
67.6
15.4
402.3
53.7
33.8
314.9
169.3
14.6
32.4
79.4
T9.1
409.1
37.4
20.2
351.5
176.5
21.4
34.4
99.0
20.2
382.2
79.2
418.4
87.4
27.3
303.7
120.4
16.4
40.5
104.1
22.3
447.1
52.5
35.0
359.7
147.1
20.5
46.5
122.5
23. 1
406.8
62.7
20.3
323.8
128.1
16.1
40.1
124.8
14.8
393.5
123.0
20.8
249.7
71.7
367.9
94.8
16.4
256.8
82.1
-479.3
221.2
9.6
5.6
38.5
105.5
24.3
28.0
115.5
25.6
394.1
101.4
16.1
276.6
97.2
11.3
32.8
88.3
46.9
11
12
13
14
15
16
17
18
48.8
75.0
23.1
13.6
80.7
24.3
23.1
61.3
24.4
19.2
80.7
30.1
15.0
123.5
53.0
12.3
27.6
13.5
16.6
68.6
.2
7.2
.2
6.5
11,. 4
16.6
-1.3
.2
6.9
6.6
6.3
13.1
14.1
14.8
21.2
21.9
-7.4
16.9
-2.5
14.3
18.1
-1.4
117.4
38.4
16.6
-. 1
14.5
28.4
19.8
-2.2
.2
-.3
.6
-.1
379.9
477.4
489.7
443.5
564.5
530.3
421.1
20
21
22
23
24
39.0
31.3
72.5
60.3
122.9
94.0
89.7
69.7
101.9
74.2
.6
1.4
-2.3
13.2
1.8
5.7
.5
-5.3
12.4
2.6
5.0
123.0
87.5
3.2
12.1
20.2
25
26
39.6
10.0
-13.
20,.
27
28
29
30
291.3
5.8
16.1
.6
2.0
9.9
27-2
275.8
117.5
14.4
33.8
8 2,. 8
27.3
-.1
8.3
-.4
.4
4.5
9.1
36.2
257.2
81.6
12.5
25.9
98.0
39.2
42.1
19.0
48.4
.3
1.5
12.7
12.6
19.5
-15.7
-23.2
12.5
-.3
-.3
436.6
509.2
521.4
89.5
68.8
151.2
1.0
.4
48.3
40.2
-.7
-.7
92.0
3.9
137.8
92.5
2.7
19.3
9.5
10.0
45.2
2.3
40.4
17.8
21.8
10.6
10.3
37.2
20.6
18.8
23.4
300.2
30.9
36.7
-7.6
.1
-.1
6.6
115.1
33,. 8
36.7
.9
21.0
-4.1
-. 1
27
28
29
30
94 1
5
1.0
7.8
54.5
55.2
.8
-2.4
Commercial banking
Commercial banks
Bank affiliates
Foreign .banking offices
Banks in O.S. poss.
31
32
33
34
35
189.7
Private nonbank finance
Savings institutions
Savings • loan assns.
Mutual savings banks
Credit unions
36
37
38
39
40
23.2
23.7
16.6
24.2
20.2
25.3
16.1
349.7
26.3
13.6
352.4
29.4
23.1
306.9
25.3
19.2
356.5
31.0
15.0
7.1
7.0
7.7
<».5
9.2
364.9
41.9
16.6
-5.5
400.2
52.2
12.3
17.7
291.9
14.3
16.6
26.5
367.3
14.2
36.2
-5.5
31
32
33
34
35
87.6
81.8
128.7
109.3
-1.0
19.6
121.1
106.7
99.7
82.2
-. 1
17.0
103.5
96.8
131.7
123.1
110.5
88.3
87.9
86.6
.3
158.2
.5
-1.1
10^9
-2.2
22^5
-.1
1.2
-.1
36
37
38
39
40
174.1
81.6
63.2
11.1
180. 1
43.3
33.0
2.2
8.1
207.5
16.6
4.9
146.6
-6.0
4.0
-1.7
-8.3
171.7
46.1
39.3
3.2
3.6
146.2
14.4
15.8
-3.3
2.5
6.5
-1. 1
3.2
4.4
41
42
43
44
45
83.9
36.8
10.3
29.6
7.3
71.7
34.5
17.4
14.2
80.0
32.7
18.4
22.0
6.9
83.7
32.7
21.0
21.5
8.5
94.3
35.3
26.4
23.6
9. 1
79.5
31.3
18.2
19.0
10.9
46
47
48
49
50
51
52.8
33.0
-1.3
7.8
18.7
-5.4
119.2
35.3
-1.4
2.8
81.7
72.7
15.6
-1.4
7.4
40.3
10.8
42.Q
3.3
-1.6
10.5
24.9
4.9
37.5
8.0
-.5
8.6
21.6
-.2
103.7
17.4
-.3
16.2
56.9
13.5
14.5
*
174.2
73.6
57.0
171.1
55.5
48.3
158.2
54.1
45.8
197.8
24.6
19.7
9.3
7.3
4.4
2.8
5.9
2.4
1.2
3.7
69.0
27.5
12.2
11.9
17.5
75.0
33.1
66.4
33.4
8.3
8.8
17.0
16.5
10.8
13.4
74.4
32.8
10.8
20.9
75.8
36.0
12.9
20.1
23.5
22.5
-2.4
25.6
24.0
-1.1
49.2
27.1
-1.0
3.9
-.1
-.4
.8
3.2
19.8
•»1.3
1.3
7.2
1.9
9.9
6.9
29.8
13.7
97.4
26.3
-1.1
-.7
4.8
14.9
-2.9
5,3
62.5
4.3
1.1
10.7
5.6
*
-7.8
. 1
19
Financial institutions
Sponsored credit agencies
Mortgage pools
Federal reserve system
-4.6
19.0
.2
Total funds advanced
in credit aarkets
341.4
10.4
48.4
38.4
38.0
17.1
150.6
11
12
13
14
15
16
17
18
25
26
20.0
.1
7.7
Financial sectors
Sponsored credit agencies
Mortgage pools
Commercial banks
Bank a f f i l i a t e s
S a v i n g s and loan a s s n s .
Finance companies
Beits
Foreign
O.S. Government
21.5
-.1
2
3
4
5
6
7
8
3
10
20
21
22
23
24
-2.1
21.6
.6
4.9
.3
Nonfinancial sectors
O.S. Government
Foreign
Private domestic
Households
Fara b u s i n e s s
Bonfara n o n c o r p . b u s .
Corporate business
State+ldcal governments
Private don. nonfin. sectors
Households
Nonfarm noncorp. business
Corporate business
State + local governments
154.2
124.6
4.0
12.5
13.1
6.3
Total lands raised
in c r e d i t a a r k e t s
.9
Insurance sector
Life insurance cos.
Private pension funds
St.+loc.govt. rtr.funds
Other insurance cos.
41
42
43
44
45
Finance n.e. c.
Finance companies
Beits
Mutual funds
Money market funds
Brokers and dealers
46
47
48
49
50
51
(1) Excludes corporate equities.
Total Claims and Their Belation to Total Financial Assets
379.9
477.4
489.7
2
3
.1
.3
.5
.5
1,6
4
5
6
7
8
9
10
165.6
30.4
94.5
.2
28.4
10.9
1.3
11
12
443.5
Total funds raised (from
preceding table}
Other financial sources^
Official foreign exchange
-1.3
1,9
Treasury curr. and SDR ctfs.
564.5
530.3
421.1
436.6
509.2
521.4
-1.6
.5
-.4
1.4
2.8
1.3
233.7
43.6
106.3
37.6
25.2
14.7
6.3
167.7
-26, 8
70.0
41.2
69.3
7.0
7.1
325.3
41.9
87.6
86.5
71.1
46.9
-8.7
*
8.1
1.3
3.3
1.2
3.5
1.4
-.9
1.4
184.0
32.6
63.3
6.9
56.7
22.1
2.4
181.3
35.9
62.8
34.4
25.9
16. 1
6.1
216.1
16,0
83.2
29.2
64.6
20.4
2.8
274.1
28.3
46.9
107.5
61.6
17.5
12.4
187.5
.2
15.9
59.9
98.9
7.1
5.5
273.5
-2.1
38.8
137.3
90.8
.2
8.4
288.8
33,4
97.7
84.3
23.4
40, 1
9.9
11.5
55.9
12.0
61.8
12.5
55.6
11.5
78.2
10.3
88.4
9.0
94.5
9.7
103.6
12.3
81.3
10.6
80.0
11.0
101.0
10.7
93.7
13
14
15
16
17
18
6.5
2,2
28.5
-.6
-23.7
44.9
1.9
1.5
53.5
5.2
-16.1
71.3
-3.8
-1.4
60.9
2,8
-24.2
90.4
22.1
13.4
40.2
-3.1
-34.8
59.9
-2.9
8.3
25.3
-9.9
-24.0
102.3
6.4
14.0
40,8
-13.3
-28.2
98.3
-20.9
-2.8
12.5
-8.6
-21.5
109.2
-13.1
16.8
4.4
-16.0
-20.6
122.7
11.8
-26.3
-24.1
-27.1
-22.8
68.7
19.6
-.2
20.8
-6.8
-28.0
71,2
27.9
18,1
34.3
-7.2
-33.6
73.4
19
20
-1.3
670.1
15.7
869.2
20.7
886.1
-30.8
825.6
-15.9
959.8
14.4
992,9
31.5
1017.0
-75.1
821,6
29.9
771.8
-26.7
843. 1
Interbank claims
-67.3
997.3 Total financial sources
21
22
23
1.5
1.8
-9.8
.3
-.5
-9.7
*
-15.1
-.5
2.3
-16.8
.2
4.1
2.4
33.3
*9.5
-4.4
-10.0
.2
3.8
-8.8
13.2
8.4
3.0
-3.9
1.6
-3.4
-3.3
-5.7
-4.6
-.4
-1.4
24
25
26
27
28
-.3
-5.4
5.5
-1.0
8.6
.8
11.4
1.5
5.6
-.1
-1.7
3.5
1.8
11.7
-.2
-3,4
8.9
.8
-17.5
-.2
-2.4
-3.3
-,9
6.7
.3
-3.5
-1.0
-18.2
-.2
-.2
-.4
-10.5
-1.7
9.8
-.1
-8.4
2.7
3.7
22.9
3.4
24.2
-1.7
-1.2
3.5
.2
3.5
-2.5
-1.5
-10.3
.3
4.8
7.7
,2
-26.3
29
669.3
860.1
885.9
852.0
953.1
996.2
1026.0
788-1
742.8
866.0
1017.0
*
*
BILLIOMS OF DOLLABS.
I11/82 BASED OH INCOMPLETE IHF0BMATI0H.
2
3
Deposits at financial insts. 4
Checkable deposits
5
Small time + savings dep.
6
Honey market fund shares
7
.Large tine deposits
8
Security RP's
9
foreign deposits
10
Life insurance reserves
Pension fund reserves
11
12
13
Corporate eguities
Security credit
14
Trade debt
15
Profit taxes payable
16
Noncorp. proprietors1 equity 17
Miscellaneous
18
- Floats not incl. in assets
Demand dep.: O.S. Govt.
Other
Trade credit
- liabilities not allocated
as assets
Treasury currency
Interbank claims
Security BP«s
Profit taxes payaJsle
Miscellaneous
Totals allocated to sectors
as assets
19
20
21
22
23
24
25
26
27
28
29
NOVEMBER 22, 1982
Saving b j Individuals
Saving by Individuals
Anount and Composition of Individuals' Saving (1)
UNADJUSTED NET FXOMS
UNADJUSTED NET FLOtfS {$ HILL)
($ Bill)
1981
I I
|1
I
II
83,036
-1,980
31,081
9,396
609
-109
2,687
1,018
3,429
18,651
-695
20,694
-2,126
4,535
-53
147
-3,488
2,067
14,287
12,542
1,757
9,189
-2,727 -4,674
-88
4,874 - 4 , 4 1 2
1,566
802
1,575
2,610
•10,182 - 1 3 , 7 9 9 - 1 0 , 5 0 4
-1,807
-1,016
4,543
-5,477
-8,051
4,864
2,525
-5,123
2,113
-5,121
6,122
-8,302
2,538
5,383
5,812
4,370
7,785
2,628
7,444
6,451
9,639
8,624
2,557
6,053
7,172
18,374
11,176
75,326 110,736
-407
7,384
19,235
19,736
14,964 34,332
5
6
7
8
9
Securities
H.S. savings bonds
Other O . S . treasury secur.
U . S . Govt, agency secur.
State • local obligations
6,905
-1,132
2,506
5,763
6,228
10
11
12
13
Corporate + foreign bonds
Open-narket paper
Mutual fund shares
Other corporate eguities
Private life insurance r e s .
2,156
Private insured pension res.
6,813
Private aoninsured pen. r e s . 4,952
Govt, insurance + pen. r e s . 10,384
Miscellaneous finan. assets
10,32-4
4,077
-924
14,940
7,121
5,023
2,302
7,603
7,649
17,987
9,666
2,932
6,186
6,365
6,388
8,820
72,067 114,365
-1,659
7,009
21,623 21,950
10,289 21,627
7,028
BILXIONS OF DOLLARS
1973
1974 1975
I I I
87,695
14,544
20,781
21,070
1 Increase in financial assets
2
Checkable deposits and curr.
3
Tine and savings deposits
4
Honey narket fund shares
14
15
16
17
18
IV
I I I
1982
18,447
131.5
13.9
74.4
-
148.5
14. 1
63.6
-
147.3
174.3
7.4
6.9
55.7
83.4
2.4
1.3
34.5
25.6
2.4
3.3
-.2
29.5
2.7
3.0
4.0
14.4
12.4
-2.7
2.3
1.8
5.3
4.6
8.3
15.8
-1.0
6.5
1.9
-4.4
-3.5
-.1
-.2
5.1
1.7
.9
-5.1
-5.5
-1.6
6.7
4.4
6.7
7.4
5.5
8.3
6.6
6.4
11.6
11.4
11.8
92,788 101,255 101,994
20,684
15,648
19,713
20,899 25,023
22,242
52,621 59,631
59,485
- 1 , 4 16
953
554
201.4
42.8
45.5
111.1
227.1
48. 1
51.0
123.3
-1.7
9. 1
8.3
10.7
12.6
11.1
6.2
8.9
-.3
8.5
8. 1
11.8
15. 1
13.6
1
2
3
4
15.7
4.7
2. 1
2^9
2.0
5
6
7
8
9
11.8
-3.1
-2.4
-2.2
10
11
12
13
8.2
15-3
11.2
17.7
19.2
14
15
16
17
18
19
20
21
22
23
24
25
26
27
2.4
24 Capital consumption allowances
25
Owner-occupied hones
26
Other fixed assets (2)
27
Consuner durables
79,961
11,988
19,160
48,813
81,613
12,223
19,786
49,604
83,003
12,399
20,440
50,164
83,670
12,522
20,598
50,550
84,073
12,594
20,720
50,759
84,947
12,743
20,972
51,232
118.3
14.8
26.9
76.5
129.1
17* 1
29.0
82.9
146.5
19.7
33.7
93.1
166.6
22.2
38.7
105.7
183.2
24.5
41.8
116.9
28 Net inv. in tangible assets
29
Owner-occupied hones
30
Other fixed assets (2)
31
Consuner durables
32
Inventories (2)
28,409
8,217
9,378
8,962
1,852
29,878
10,571
6,624
10,036
2,647
29,830
11,679
2,539
14,162
1,450
9,118
8,162
301
2,071
-1,416
17,182
3,054
4,303
8,872
953
17,047
6,970
1,270
8,253
554
83.2
28.0
18.5
34.6
98.1
3t.0
22.0
40.4
55.7
23.5
2.0
4.7
64.2
25.2
12.4
28.4
-1.8
33 Net Increase i n debt
34
M t g . debt on nonfarn hones
35
Other nortgage debt {2)
36
Consuner credit
37
Security credit
38
Policy loaais
39
Other debt (2)
59,618
20,952
13,378
8,846
1,533
1,741
13,168
49,637
21,281
10,114
11,703
-1,741
2,205
6,075
38,673
17,095
7,450
7,310
881
1,692
4,245
12,095
16,166
5,431
-7,024
-4,012
1,308
226
38,023
8,443
10,229
6,079
-358
1,384
12,246
34,504
14,815
7,332
5,02 5
-924
1,079
7,177
105.4
41.4
3\. 1
19.8
83.3
38.0
25.6
77.0
40.6
18.1
9.3
13.8
2.7
8.9
9.6
.7
1.6
6.5
40 I n d i v i d u a l s ' saving
44,117
90,977
78,852
80,059
51,226
96,908
109.3
132.0
128.3
153.0
H+28-33)
108,370 111,491 112,833
20,205 22,794 24,078
28,538 26,410 22,979
57,775 59,640 64,326
1,852
2,647 1,450
(1) Conbined statenent for households, farn business,
and nonfarn noncorporate business.
(2) Includes corporate farns.
111/82 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION
2.0
4.5
1.0
7.7
4.7
114.6
46.5
32. 1
24.3
-4.3
2.2
222.3
-45.6
42.1
132.2
210.5
15.7
107.5
*
262.6
60.6
46.2
156.8
-1.0
19 Gross inv. i n tangiJble assets
20
Owner-*occupied hones
21
Other fixed assets (2)
22
Consuner durables
23
Inventories (2)
210.8
45.0
46. 1
121.5
-1.8
1976
-1.8
3.4
26.5
2.4
79.4 28
36. 1 29
4.4 30
40.0 31
- 1 . 0 32
124.7
61.4
21.. 3
25.4
4.8
1.4
10.4
33
34
35
36
37
38
39
165.1 40
NOVEflBEB 22, 1982
Saving by Individuals
Saving by Individuals
53
Aaount and Composition of Individuals* Saving (I)
SEASONALLY ADJUSTED ANHOAX BATES
SEASONALLY ADJUSTED ANNUAL BATES
I
x
2
3
4
233.8
20.1
107.5
274.4
22.6
100.3
.2
6.9
296.1
22.4
78.5
34.4
19.4
40.9
58.0
4.7
9.2
5.7
3.9
-.8
18.0
26.0
20.5
5
6
7
8
9
-1.5
10
-5.1
]t
9.8
.9
7.6
4.1
9.8
12.2
25.1
-3.7
18.7
3.5
18.5
11.7
1.9
30.1
-8.2
18.8
70.1
.9
41.6
8-$
53.8
-16.7
9.3
8.2
-37, 2
-17.5
-4.4
4.2
4.3
10.5
8.7
-35.5
-6.4
-13.5
16.5
-27.5
-39.5
9.9
-6.9
25.7
-38,3
Corporate • foreign bonds
Open-market paper
Mutual fund shares
Other corporate e q u i t i e s
10
11
12
13
8.6
27.3
22.3
45.3
42.6
9.2
30.4
26.1
45.5
40.1
11.7
24.7
10.2
21.5
24.0
34.9
29.6
10.5
24.9
32.2
33.2
29.8
28.5
43.2
36.0
10.2
24.2
25.9
44.1
46.6
Private l i f e insurance r e s .
Private insured pension xes.
Private noninsured pen. r e s .
Govt, insurance + pen. res.
Miscellaneous finan. assets
14
15
16
17
18
436.3
96.3
441.3
420. 1
85.3
96.7
229.6
8.4
403.4
77.2
93.7
237.9
-5.4
411,4
80.0
87.7
240.7
2.9
404.4 Gross inv. in tangible assets
80.5
Owner-occupied hones
83.8
Other fixed assets (2)
240.1
Consumer durables
Inventories (2)
19
20
21
22
23
334.7
50.1
82.4
202.2
336.3
50.4
82.9
203.0
339.8 Capital consumption allowances
51.0
Owner-occupied hones
83.9
Other fixed assets (2)
204.9
Consumer durables
24
25
26
27
75.1
29.6
9.1
9.3
-7.9
-2.2
5.0
1.4
7.7
-5.1
-2.9
-39.2
11.7
18.3
15.9
27.9
29.8
12.3
17.5
14.0
24.4
34.6
11.4
20.6
22.3
35.3
36.9
9.9
375.6
97.5
75.0
200.2
408.1
107.0
82.4
213.4
385.3
92.8
84.4
214.3
-5.6
432.6
92.1
99,3
234.6
261.4
39. 1
61.3
160.9
296.1
44. 1
70.1
181.9
145.7
63.9
22.0
56.7
146.7
67.9
21.1
52.5
3.1
3.0
5.3
33
34
35
36
37
38
39
183 .7
91.1
32.3
40.2
219.4
111.3
34.7
48.8
1.3
1.7
1.3
2.6
234.7
121.3
40.9
45.4
-1.2
17.1
40
41
42
167.2
22.5
49-6
43
44
45
.6
-.3
.7
.2
94.7
115.1
46
78.0
47
16.7
320.8
80.3
58.6
178.2
3.1
3.0
24
25
26
27
203.7
28.6
46.5
128.6
230.0
33.5
52.9
143.5
28
29
30
31
32
117.1
52.3
12,1
49.6
5.3
1
2
3
4
6.8
-5.3
43.2
28.2
17.6
. 1
-16.0
19
20
21
22
23
393.3 Increase in financial assets
1.7
Checkable deposits and cuxr.
94.7
l i n e and savings deposits
86.5
Honey market fund shares
66.8
-3.6
61.8
23.9
21.1
8.2
11.3
14.9
18.7
22.5
19.2
137.3
333.7
32.8
131.4
37.6
357.7
-3.9
102,4
59.9
339.0
42.7
60.1
84.3
19.2
-4.3
28.0
13.1
20.4
49.7
-7.3
26.6
10.2
-4.4
32.8
387.6
5.9
84.3
|
365.4
-.3
6.5
125.6
29.2
-.1
14
15
16
17
18
I?
II
1982
II
355.2
25.8
65.6
107.5
337.5
-2.9
15.4
12
13
1981
III
28.9
22.5
37.5
38.3
-59,2
91.3
103.0
230.4
6.7
6.6
100.1
241.2
8.7
322.8
48.3
78.1
196.4
319.8
48.0
76.6
195.3
326.5
48.9
79.1
198.4
332.0
49.6
81.8
200.7
89.9
48.7
14,3
32.4
-5.6
109.9
43.8
21.2
38.2
116.4
48.4
26.3
35.2
6.6
114.9
42.4
20.9
42.8
8.7
88.1
35.7
15.0
29.0
8.4
68.7
27.1
11.3
35.7
-5.4
176.9
98.3
34.7
181.9
81.4
38.0
25.3
.1
182.1
77.8
36.2
34.2
-7.0
8.8
32.1
127.9
56.8
34.6
101.9
17.9
320.4
45.5
42.8
6.7
4.7
4.9
8.5
6.7
20.7
23.5
23.8
29.7
224.8
99.5
42.6
32.2
6. 1
7.0
37.5
200.6
27.9
56.7
208.1
24.4
52.5
250.5
35.3
32.4
283.1
37.5
38.2
257.0
45.3
35.2
7.4
41.2
8.8
12.4
-16.8
59.4
-1.4
29.9
6.2
34. 1
Securities
U.S. savings bonds
Other U,S. Treasury secur.
U.S. Govt, agency secur.
State • local obligations
5
6
7
8
3
64.7 Net inv. in tangible assets
29.5
Owner-occupied hones
-.1
Other fixed assets (2)
35.2
Consumer durables
Inventories (2)
28
23
30
31
32
6.8
142,6
51.8
28.9
25.4
-1.4
5.5
32.4
122.1 Met increase in debt
51.1
Htg. debt on nonfarm homes
25.1
Other mortgage debt {2)
8.2
Consumer credit
-3.7
Security credit
4.3
Policy loans
37.1
Other debt (2)
33
34
35
36
37
38
33
299.1
32.2
29.0
300.5
34.9
35.7
290,2
43.2
37.7
8.3
3.5
6.8
66.8
32.5
6.6
-16.0
5.2
4.8
37,7
2.9
, 1
180.9
2.7
,1
1.8
.1
2.3
. 1
130.1
2.9
204.7
174.6
229^7
235.0
4.2
-.1
225.8
-. 1
207.5
335.3 Individuals' saving (1*28-33) 40
44.1 - Govt, insurance •*• pen. res. 41
35.2 - Met investment in cons. dur. 42
- Capital gains dividends
2.5
from mutual funds
43
-.2 - Met saving by farm corps.
44
254,,3 = Personal saving, F/F basis 45
89.4
96.7
106,2
130.2
122.0
134.4
158.6
139.1
144,3
154.4 Personal saving, NIPA basis
25.7
33.5
74.7
74.5
52.6
95.3
76.4
86.7
63.2
.9
1.8
1.9
99.9 Difference
(1) Combined statement for households, farm business,
and nonfarm noncorporate business.
(2) Includes corporate farms.
BILLIONS OF DOLLARS.
II1/82 BASED ON INCOMPLETE IHFOBMATIOM.
46
47
M0TEHBE1 22, 1982
Discrepancies
Discrepancies
Discrepancies - Suaaary for Sectors and Transactions
01 ADJUSTED 1ST FLOIS ($ HILLJ
011DJ0SXBD IBS FLOIS ($ HILL)
II
1981
III
I?
1
1
I
1982
II
Ill
1972
BJLLIOIS OF DOLLARS
1974
1975
1973
1976
———.*.—— — — » « . « » .————.— —————-.» ———_.
_-.__,.—.——____— —.-—.——.._..—...—_.».—...._—.-.——...^—,.————
Sector Discrepancies
1 Total, all sectors
2
Households
3
4
5
6
lonfin. corporate business
State and local governments
U.S. Governnent
foreign
7
8
9
10
.Financial sectors
Sponsored credit agencies
Monetary authority
Coanercial banks
11
12
13
14
15
16
Private nonbank finance
Savings and loan assns.
Mutual savings banks
Life insurance
Other insurance
finance n. e. c«
9,886 -19,326
-10,450 -24,442
6,357
9,650
3,197 -3,844
4,128
-982
7,280
2,009
34,782 -8,911
5,497 -21,790
-4,399 -39,170 -11,941 -25,807
23,343 12,096 10,286
8,744
4,326
7,028
2,435 -5,623
5,817
1,320
2,557 -2,448
6,337 10,088
382
5,709
-626
-39
-1,717
69
-642
371
-273
17
—
-2,194
—
-515
—
-958
-2,309
1,722
132
234
38
1,474
-156
408
-230
258
-390
75
655
-498
-204
53
1,142
435
-1,924
—
668
-35
9
171
288
235
1,778
-344
-.7
-2.4
4.6
-16.8
6.0
6.8
2.7
5.7
3.3
-24.6
9.0
8.3
4.8
9.6
-3.1
.2
.1
.1
.3
.3
-3.8
-3
—1
-3.2
—
—i1
.8
.2
-- 1
-.4
. 1
1.0
3.2
.1
.1
.5
1. 1
1.4
-.1
-4.7
-.2
-4.6
-.6
-.3
.6
.9
.2
-.1
2.5
.3
-4.7
-9.0
2.4
4.9
.2
-1.9
-.3
.4
.5
2.6
1.3
-2.0
.2
-1.8
-2,365
-138
-1.3
. 1
—
-1,596
—
-971
-2.0
3,718
-136
-381
322
1,223
2,690
-1,256
-207
2
-438
^3
-610
-.2
—
.6
*
*
-.6
1.5
-4.
4.9*
1
2
3
4
5
6
7
8
9
-1..4 10
-2.6
-.2
-.2
.2
-2.8
.3
11
12
13
1-4
15
16
-3.8
4.6
3-3
-.2
-.9
9.3
1
2
3
4
.4
.1
1.6
-.8
.6
5
6
-.7
-.4
.7
.5
-3.7
3.0
-1.0
5.5
-5.5
-4.4 7
.2 8
4..6 9
-5. 1 10
.8
3.7
5.5
-
-
5. 1 11
- 12
*
-. 1
-.4
-.9
1.2
Transaction Di sere p an cies
1 Total, all types
2
Treasury currency
3
Interbank clains
4
Security HP's
Deaand deposit sail floats:
5
0. S. Government
6
Other
7
8
9
10
Srade credit
Profit taxes payable
Miscellaneous
Honfinancial
9,886 -19,326
-54
-52
948 -1,504
90 -3,321
34,782
-37
-2,864
723
-8,911
850
7,208
-794
5,497 -21,790
40
66
-190
1,785
240
1,068
*
10,001
200
-3,295
-7,126
-1,856
-872
16,366 -10,031
1,435
1,457
-2,174
-6,908
,4
4.7
.3
-.4
-136
842
-1,776
-229
-102
-2,069
2,322
-4,179
14,752 -13,728
-139
1,275
-387
4,061
8,224
3,120
136
679
1,068
-1,343
-658
-1,602
-6,780
-4,612
-2.9
-.3
1.8
-3.0
2.1
-2
229
4,179
-8,224
-3,120
1,343
4,612
-
-
-
-
-
-
3.3
-.3
-3.3
*
4.6
•
Nonfinancial coaponents:
11
12
HIPJk discrepancy (neg.}
Pvt. wage a c c r . l e s s d i s b .
*
NOVEHBEH 22, 1982
Discrepancies
Discrepancies
Discrepancies - Summary for Sectors and Transactions
SEASONALLY ADJOSTED ANNOAL SATES
1977
1978
1979
SEASONALLY ADJOSTED AH10AL SATES
1980
1981
1
|
II
1981
III
|
|
I?
1982
II
I
III
Sector Discrepancies
1
2
3
4
5
6
-.6
-16.7
14.7
11.6
-25.7
21.2
1.7
-30.. 3
-74.7
15.8
11.0
8.6
1.3
•52.6
29.0
11.6
40.8
-76.4
61.0
10.1
20.5
29.9
36.4
-86.7
72.3
10,0
.1
9,3
-.9
13.5
-8.2
-95.3
44.2
10.3
15.3
19.1
40.2
-14.9
.6
,3
2.6
-4.4
-1.0
-.5
-5.2
-
-2.1
8.8
-.8
-1.8
5.3
5.8
7.4
3.9
11.6
6.0
-.5
-2.9
11.5
27.8
23.7
-74.5
37.4
10.5
12.6
27.2
7
8
9
10
-6.6
-6.6
-9.4
-5.6
-4.7
-7.0
-1.8
-4.3
.4
.5
.7
.8
.6
.3
.4
.8
-7.4
—
-9.0
—
-9.3
—
-6.8
-8.1
-7.1
-4.5
-4. 1
11
12
13
14
15
16
-.9
-.5
-.3
1.5
.3
-.2
-1.0
2.9
.6
.3
-.3
2.7
-.4
1.5
-.1
.7
.7
2.5
.9
.3
1.0
1.1
2.8
-.6
-.4
-2.3
-4.3
4.9
-.6
1.0
1.3
2.3
1.0
4.4
-.7
.4
1.5
2.1
1.2
—
-6.1
-1.5
-.1
-. 1
1.6
-.7
-.4
-33.5
-.8
-,3
*
-.7
1.4
-1.5
—
6.7
-
*
-
*
.3
2.2
-2.6
*
-23.7
-63.2
43.3
-1.5
2.4
1.6
7.1
- 1 2 . 8 T o t a l , all s e c t o r s
Households
-99.9
Ionfin. c o r p o r a t e E a s i n e s s
43.1
State a n d local g o v e r n m e n t s
4.5
0.3. Government
9.4
34.4
Foreign
1
2
3
4
5
6
Financial sectors
Sponsored c r e d i t a g e n c i e s
Monetary a u t h o r i t y
Commercial banks
7
8
9
10
Private nonbank finance
Savings and l o a n a s s n s .
Mutual savings banks
Life i n s u r a n c e
Other insurance
Finance n,e.c.
11
12
13
14
15
16
-12.8 Total, all types
.3
Treasury currency
4.8
Interbank claims
Security BP*s
7.7
Demand deposit nail floats:
-4.6
0. S. Government
-.4
Other
1
2
3
4
-
-.5
-.1
1.2
2.1
-4.6
Transaction Discrepancies
1
2
3
4
-.6
-.3
-5.4
5.5
11.6
.8
11.4
5
6
1.5
1.8
•*.5
7
8
9
10
-9.8
-1.0
8.6
-1.3
-9.7
1.5
5.6
2.5
11
12
1.3
-2.5
*
BILLIONS OF DOLLARS.
1.7
-.1
-1.7
3.5
-30, 3
-.2
-3.4
8.9
8.6
-.2
-2.4
-3.1
1,3
-.2
.3
*3.5
-8.2
-.2
-.4
-10.5
40.8
-• 1
-8.4
2.7
36.4
3.4
24.2
-1.7
-23.7
,2
3,5
-2.5
.3
-.5
2,3
.2
4.1
33.3
-9.5
-10.0
.2
-8.8
13,2
3.0
-3.9
-3.4
-3.3
-15.1
1.8
11.7
1.5
-16.8
.8
-17.5
-3.9
2.4
-.9
6.7
1.9
-4.4
-1.0
•18.2
4.6
3.8
-1.7
9.8
.8
8.4
3.7
22*9
7.2
1.6
-1.2
3.5
7.5
-5.7
-1.5
-10.3
-.8
-1.4
.2
-26.3
6.8
-1.5
3.9
-1.9
-4.6
-.8
-7.2
-7.5
.8
-6.8
-
-
-
-
-
-
*
111/82 BASED ON INCOHPLETE INFORMATION.
Trade credit
Profit taxes payable
Miscellaneous
Nonfinancial
Nonfinancial components:
BIPA discrepancy (neg.)
Pvt. wage accr. less disb.
5
6
7
8
S
10
11
12
@FedFRASER