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Z.1
November 1983
Flow of Funds
1983: Q3
Flow of Funds Accounts,
Third Quarter 1983
Seasonally Adjusted and Unadjusted
NOTICE - NEW MAILING PROCEDURE
Release of III/83 estimates took the form of a new 6-page Federal
Reserve statistical release, Z.7, that was published November 23. The Z.7
was mailed to all names on the Z.i list that has been used until now to
distribute the more complete presentation of flow of funds accounts included
in the attached pages. In the future that list will be used only to mail the
short form Z.7, and users who want to continue to receive this full set of
tables should mail in requests to be added to a new Z.i list. Requests should
be sent to:
Flow of Funds Section, Stop 95
Federal Reserve Board
Washington, D. C. 20551
Users who find the Z.7 tables sufficient for their purpose will continue to
receive the release and need do nothing.
Board of Governors of the Federal Reserve System, Washington, D.C. 20551
CONTENTS
iii
Credit Aggregate Growth Rates
SUMMARY TABLES
1
2
4
Income and Product Distribution
Funds Raised in Credit Markets
Credit Market Supply of Funds
SECTOR TABLES
6
8
10
12
14
16
18
20
22
24
26
Households
Total Nonfinancial Business
Noncorporate Business
Nonfinancial Corporate Business
State+Local Governments
Foreign
U .S. Government + Credit Agencies
Banking System
Commercial Banking Subsectors
Nonbank Finance Summary
Savings Institutions
Insurance + Pension Funds
Finance N .E .C.
TRANSACTION TABLES
28
30
32
34
36,:
40
42
44
46,1
50
52
54
Monetary and Insurance Reserves
Interbank Claims
Deposit Claims
U.S. Government Securities
Private Securities
Mortgages
Consumer Credit and Bank Loans N.E.C.
Open Market Paper
Other Loans
Security Credit, Trade Credit, and Taxes
Miscellaneous
Total Claims
Savings By Individuals
Discrepancies
Flow of Funds Accounts
Third Quarter 1983
Credit aggregates* Growth rates for total debt of domestic
nonfinancial sectors appear on page iii following, and outstanding amounts
of that debt are on page iv. Third-quarter growth in this debt aggregate
was at a 9.9 per cent annual rate, down from the second-quarter’s 12 per
cent rate because of sharply reduced borrowing by the Federal government
and state and local governments.
Growth rates in the table are calculated by dividing the net
flow of credit, at seasonally adjusted annual rates, by the outstanding level
of debt at the beginning of the period. Quarterly levels used as the base
for the calculation are year-end levels incremented through the year by
seasonally adjusted flows (at quarterly rates) with allowance for statistical
discontinuities that exist in the data. The table includes recent quarterly
outstandings calculated in this fashion.
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.
- i -
Availability* This publication is part of quarterly series that
is usually available at the middle of the second month following the last
quarter reported and that is distributed to a mailing list. The process of
printing and mailing causes delays of up to two weeks or more from the time
the estimates are completed, and to facilitate earlier access in the meantime
copies of the computer printouts are distributed to Federal Reserve Bank
information offices for use by the public.
The current quarterly tables are an extension of a body of data
that begins in 1946 in annual form and in 1952 quarterly. Annual-total flows
and year-end outstandings were most recently published in Flow of Funds
Accounts 1949-78 (December 1979). That publication is superceded, however,
by the historical revisions that first appeared in the August 1981 publication
in this quarterly series, and a replacement volume will appear in the near
future. Meanwhile, quarterly data are available in computer data tape form
for the complete set of accounts or in specific printings of selected tables
on request. A complete set of tables on levels, or stocks, of financial claims
will be published soon.
Requests and inquiries about the data, historical tabulations and
computer tapes of the data should be addressed to:
Flow of Funds Section
Room B-5100, Stop 95
Board of Governors of the
Federal Reserve System
20th and Constitution Ave.
Washington, D. C. 20551
(202) 452-3482.
ii -
NOVEMBER 23, 1963
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES
(BILLIONS OF DOLLARS)
--------- DOMESTIC NONFINANCIAL----------
TOTAL
U.S.
GOVT.
PVT.
NONFIN.
HOUSE- NONFIN.
HOLDS BUSINESS
STATE $
LOCAL
GOVTS.
FOREIGN
NONFINANCIAL
FINAN
CIAL
ALL
SECTOR
PRIVATE
FINANCIAL
ASSETS
ANNUAL CHANGE (PER CENT)
1970
8.3
6.9
6.9
4.9
-1.3
4. 1
9.4
9.4
7.7
8.4
8.2
5.5
10.7
11.0
9.8
8.4
8.4
8.2
7.4
7.5
5.0
8.2
7.0
6.9
15.4
35.4
13.5
8.6
8.5
7.3
8.7
5.5
6.9
1971
1972
1973
1974
9.6
10.3
10-8
9. 1
8.3
4.6
2.4
3. 4
10.0
11.7
12.9
10.4
9.3
12.3
13.1
8.0
10. 1
12. 1
14.3
13.3
11.9
8.7
7.3
8.0
9.3
9.3
10.5
22.4
9.6
10.2
10.8
9.6
8.9
19.2
30.9
20.1
9.6
10.9
12.4
10.5
9.6
12.0
11.9
9.0
IQ7S
yI J
9.2
10.6
12.6
13.0
2 3.7
15.5
11.0
9.4
6.2
9.5
13.0
13.9
7.2
11.5
15.8
16.9
5.2
8.3
12. 1
12.5
6.6
6.8
6.5
7.5
14.2
21.2
12.2
27.2
9.4
11.0
12.6
13.6
3.1
8.8
17.5
24.3
8.8
10.8
13.0
14.6
10.1
10.8
10.3
11.2
12.0
9.5
9-6
9.2
6.0
11.9
11.8
19.4
13.5
9.0
9.0
6.7
15. 1
3.7
8.2
5.4
13.2
9.7
1 1.2
7. 1
7.5
6.9
3.1
11.2
12.5
14.9
13.0
6.6
12.0
9.8
9.7
9.0
21.6
13.6
16.2
11.3
13.0
10.2
10.5
9.3
12.0
10.1
11.1
9. 1
1968
1969
1976
1977
1978
1979
X vvz
1980
1981
1982
QUARTERLY GROWTH RATES (SAAR)
1981
I
II
III
IV
9.5
10. 1
8.5
8.8
14. 0
9.4
5.8
16. 1
8.5
10.3
9. 1
7. 1
9.2
9.7
8.2
4.9
8.8
12.8
1 1.6
10.0
4.0
1.8
2.2
4.2
14.3
15.6
10.3
9.4
9.8
10.4
8.6
8.8
12.2
20.3
21.9
6.9
10.0
11.5
10. 1
8.6
11.1
10.4
10.6
10.6
1982
I
II
III
IV
7.7
8.7
9.8
9.3
1 1. 5
13.8
23.4
24.0
6.8
7. 4
6.5
5.5
4.7
6.2
4.8
5.7
9. 1
7.6
7.8
3.2
5.6
12.4
9.0
16.3
4.9
6.6
5.5
11.6
7.5
8.6
9.6
9.4
12.0
16.7
5.9
8.8
8. 1
9.6
9.2
9.3
7. 1
8.7
9.4
10.0
1983
I
II
Ill
8.8
12.0
9.9
19. 8
25.4
14. 2
5.9
8.3
8.7
7.0
9.5
9.7
4.2
4.6
8. 1
8.3
19.8
6.6
7.0
9.4
3.3
8.7
11.9
9.6
11.9
8.5
10.2
9. 1
11.4
9.7
9.8
10. 1
9.4
iii -
NOVEMBER 23, 1963
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES
(BILLIONS OF DOLLARS)
DOMESTIC NONFINANCIAL-----
TOTAL
D.S.
GOVT.
PVT.
NONFIN.
----- ----STATE 8
HOUSE- NONFIN.
LOCAL
HOLDS BUSINESS
GOVTS.
FOREIGN
NONFINAN
CIAL
FINAN
CIAL
ALL
SECTOR
PRIVATE
FINANCIAL
ASSETS
YEAR-END OUTSTANDINGS
1967
1968
1969
1970
1971
1 157.2
1252.5
1339.5
1432.3
1569. 9
279. 1
292.6
289.0
300.8
325.7
878. 1
959.9
1050.5
1131.5
1244.2
388. 5
421.3
455.9
481.0
526.2
372.4
41 1.3
456.7
501.3
551. 1
117.3
127.2
137.9
149.2
166.9
41.9
45.0
48.3
50.6
54.8
1199.1
1297.5
1387.8
1482.9
1624.7
64.0
73.9
100.5
114.1
124.2
1263.1
1371.3
1488.3
1597.0
1748.9
816.8
887.4
937.3
1002.1
1098.4
1972
1973
1974
1975
1976
1 730.9
1919.1
2094.2
2288.8
2532.6
340.8
349. 1
360.8
446. 3
515.8
1390. 1
1570. 1
1733.4
1842.6
2016.9
591.0
670.5
724.2
776. 1
866.5
617.8
705.9
800. 0
843.5
912.2
181.4
193.7
209.2
222.9
238.2
60.6
67.0
79.8
91.2
110.6
1791.6
1986.2
2174.0
2380.0
2643.2
148.2
194.0
232.6
239.9
261.1
1939.8
2180.2
2406.7
2619.9
2904.3
1228.6
1374.3
1500.2
1652.2
1830.7
1977
1978
1979
1980
2854. 1
3218. 1
3604.2
3946.9
572.5
626.2
66 3.6
742.8
2281.5
2591.9
2940.7
3204. 1
1004. 1
1171.8
1348.9
1468.8
1023.9
1147.3
129 8.5
1421.7
253.6
272.7
293.2
313.6
123.9
161.9
182.5
209.6
2978.0
3380.0
3786.7
4156.4
307.1
381.6
465.3
528.6
3285.0
3761.6
4252.0
4685.1
2020.5
2245.5
2516.5
2775.0
QUARTERLY OUTSTANDINGS, SEASONALLY ADJUSTED
3981 — 1
II
III
IV
4040. 5
4142.8
4230.8
<4 323. 8
768.7
786.7
798.0
830. 1
3271.9
3356.2
3432.8
3493.7
1502.5
1538. 7
1570.2
1594.2
1452.7
1499.3
1542.7
1576.3
316.7
318. 1
319.9
323.2
217.3
225.8
231.6
237.0
4257.9
4368.6
4462.4
4560.8
544.8
572.3
603.7
614.0
4802.6
4940.9
5066.0
5174.8
2852.2
2926.7
3004.6
3084.9
1982 — I
II
III
IV
4406. 1
4501.6
4605. 8
4710.1
654.0
683.6
935.2
991. 4
3552. 1
3618.0
3670.5
3718.7
1612.8
1637.8
1653.2
1674.4
161 1.6
1642. 3
1671.8
1684.8
327.8
337.9
345.5
359.6
211.3
214.8
217.7
226.4
4617.5
4716.4
4823.5
4936.5
632.5
658.9
668.7
686.8
5250.0
5375.3
5492.2
5623.3
3130.5
3198.6
3275.5
3364.1
1983 — I
II
Ill
4613.0
4957.2
5080. 1
1040.5
1106.5
1145.8
3772.6
3850.7
3934.3
1706.0
1746.5
1788.7
1699.5
1718.9
1753.9
367.0
385.2
391.6
230.4
235.8
237.7
5043.4
5192.9
5317.7
707.5
722.5
741.0
5750.9
5915.4
6058.7
3446.8
3533.5
3616.7
-i v -
Information Status for Preliminary Estimates
NONFINANCIAL—
1.
National income and product
accounts
Major items missing
Available
Second quarterly estimate, seasonally
adjusted
Seasonally unadjusted data.
FINANCIAL—
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—arc
in time for first quarterly estimates.
2.
Households
Estimates
for other
sectors.
available
3.
Farms
Rank 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.
v
See item 9
FINANCIAL—
8.
U.S. Government
Major items missing
Available
Monthly Treasury Statement of Receipts
and Outlays for last month of quarter,
Federal Financing Bank Statement
Loans outstanding except at Federal
Financing Bank
Sponsored credit agencies
Balance sheets for FNMA, Home Loan
Banks, Farm Credit Administration
securities outstanding. FCA loans
for most recent June or December
FCA loans for March and September
10.
Mortgage pools
Complete
None
11.
Monetary authorities
Complete
None
12.
Banking
All-bank totals for preceding quarter,
current-quarter indicators for banking
and monetary estimates through last
month of current quarter.
Recent all-bank totals.
13.
Savings and loan associations
Last month of quarter on summary
monthly basis
Detailed balance sheets and liquidity
statements
14.
Mutual savings banks
Two months of quarter
Last month of quarter
15.
Credit unions
Deposit flows and consumer credit
Other assets
16.
Life insurance companies
Two months of quarter
Last month
17.
Private Pension Funds
Third quarter 1981
Later quarters
18.
State and local government
retirement system
Preceding quarter
Current quarter
19.
Other insurance companies
Preceding quarter
Current quarter
9.
vi -
FINANCIAL—
Available
Major items missing
20.
Finance companies
Complete
None
21.
REIT’s
Preceding quarter
Current quarter
22.
Investment companies and
money market funds
Complete
None
23.
Security brokers and dealers
Borrowings
Assets
- vii -
NCVEMBEfi 23, 19 63
Incoae and Product Distribution
Incoae and Product Distribution
Incoae and Product Accounts:
GNP Expenditures and Gross Saving
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1978
1979
1980
1981
1982
1
1
II
1982
III
IV
I
J
I
1983
II
III
1
2163.9
2417.8
2631.7
2954.1
3073.0
3070.2
3090.7
3109.6
3171.5
3272.1
3360.4 Total GNP
1
2
3
4
5
6
1778.4
1346.5
200.2
278.3
153.6
1981.5
1507.2
213.4
306.0
168.3
2205.9
1668.1
214.7
340.8
197.0
2452.9
1857.2
236. 1
366.5
229.2
2641. 1
1991.9
244.5
390.5
258.7
2604.4
1972.8
242.9
387.5
244. 1
2664.5
2008.8
243.4
394.0
261.7
2726.6
2046.9
252.1
400.5
279.2
2750.5
2073.0
258.5
404.0
273.5
2830.4
2147.0
277.7
409.7
273.7
2882.4 Current outlays
Households
2182.9
Of which consuner durables
284.5
State and local governnents
420.6
U.S. Governaent
278.9
2
3
4
5
6
7
8
9
10
11
12
13
386.6
360.1
111.2
4.5
89.7
87.1
1.7
423.0
408.8
118.6
5.0
91.3
91. 1
1.7
401.9
411.7
102.9
4.5
75.0
75.2
1.8
474.9
456.5
104.3
4.9
74.6
76.9
1.3
414.5
439.1
90.8
4.8
61.6
59.0
1.5
432.5
443.7
91.0
5. 1
62-8
60.4
1.6
425.3
430.2
87.9
4.7
61.0
57.7
1.3
377.4
433.8
96.8
4.7
67.9
62.1
2.3
404. 1
443.5
111.3
5.6
79.3
67.5
1.3
450. 1
464.6
128.4
5.9
94.9
81.4
1.5
14
15
16
.9
.4
.4
-1.5
-.8
-.8
-2.0
-1.0
-1.0
-3.6
-1.8
-1.8
1.1
-5
.5
.8
.4
.4
2.0
1.0
1.0
3.5
1.7
1.7
10.6
5.3
5.3
12.0
6.0
6.0
17
18
19
20
21
17.0
7.6
7.3
2.0
-
22.3
14.8
4.9
2.6
-
23.4
17.0
3.9
2.5
-
24.8
14.8
7.4
2.6
-
24.3
13.2
8.7
2.3
-1
23.2
12.9
8.0
2.2
. 1
22.3
12.9
7.0
2.3
.1
24. 1
13.5
8.0
2.5
.1
26.4
14.0
9.4
2.8
.1
27.5
14.4
9.9
3.1
.1
31-8
15.0
12.9
3.8
.1
22
23
24
25
26
27
24 8.9
6.6
17.6
39.4
11.5
173.7
290.2
7.3
19-9
45.5
13.7
203.9
308.8
8-6
18-7
50-0
13.7
217.8
352.2
9.8
18.4
61.9
16.0
246.2
348.3
10.9
16.0
62.5
17.1
241.8
352.7
10.9
15.8
63.5
16.8
245.6
342.3
11.1
15.8
62.7
17.2
235.5
337.0
11. 1
16-9
59.8
17.8
231.4
332. 1
11-2
15.1
58.9
18.4
228.5
336.3
1 1.3
16.7
54.2
18.9
235.2
349.6
1 1.4
15.5
53.1
19.5
250.2
28
29
30
31
32
26.5
1.1
25.4
2.0
23.4
14.3
5.7
8.6
-.4
9.0
-9.8
-5.3
-4.5
-1.3
-3.2
18.5
7.6
10-9
1.2
9.7
-24.5
-1.4
-23. 1
-1.8
-21.3
-11.2
-2.4
-8.8
2.4
-11. 3
-4.9
-2.6
-2.3
-.5
-1.9
-56.4
-2.7
-53.7
-4.6
-49. 1
-39.4
-.4
-39.0
-1.9
-37.0
-14.5
-4.2
-10.3
-.6
-9.7
8.7
-10. 1
18.8
1-7
17. 1
33
34
35
-1. 1
218-7
21*9.8
13.2
281.4
26 8. 1
23. 9
338.8
314.8
26.3
368.8
342.5
17.4
347.6
330.2
33.3
364.5
331.2
-9
346.0
345.0
5.6
321.6
316. 1
17.0
326.9
309.9
-8.5
327. 1
335.6
-20.2 Net exports
341. 1
Exports
361.3 - Imports
36
37
38
1474.0
89.4
6.1
1650.2
96.7
5.9
1828.9
110.2
6.0
2047.6
135.3
6.6
2176-5
125.4
5.8
2159.0
127. 1
5.9
2191.5
123.0
5.6
2227.8
120.8
5.4
2255-9
121.7
5.4
2301.0
91.5
4.0
2363. 1 Disposable personal income
115.5 Personal saving
4.9 Saving rate (per cent)
39
40
-29.5
30.3
-16.1
30.4
-61.2
30.6
-62.2
35.3
-147. 1
31.3
-113-2
32.0
-158.3
31.3
-208.2
32.9
-183.3
40.4
-166.1
51.7
39
-188.6 Federal governnent surplus
55. 1 St. ♦ local government surplus 40
41
42
43
44
45
229.1
.9
19.7
31.0
177.5
252.7
.9
30.6
30.3
190.9
234.6
.4
29.9
26.9
177.4
227.0
.4
23.7
20.3
162.6
174.2
.1
21.8
20.9
131.4
178.8
.1
21-7
20.4
136.5
177.3
.1
20.7
22.2
134.4
167.5
*
24. 1
25.5
117.9
169.7
*
20.2
29.8
119.6
46
47
48
49
83.2
.3
16.4
66.6
87.6
.3
18-4
68.9
64.8
.3
17.8
66.7
82.8
.3
17.3
65.3
59.2
-. 1
17.9
41.3
61.4
-. 1
17.8
43.7
60.8
-. 1
18.8
42.1
54.0
-. 1
20.4
33.6
61.5
-.1
19.7
41.9
76.0
-.1
21. 1
55.1
50
51
52
53
54
55
47.0
-2
-1.2
48.0
37.5
10-5
52.7
.2
-2.2
54.7
39.5
15.1
58.6
.2
-3.3
61.7
43.5
18.2
64.7
-2
-3.2
67.6
53.3
14.4
68.7
.2
-2.7
71.1
56.9
14.2
67.8
.2
-2.3
70.0
55.4
14. 5
68.8
.2
-3. 1
71.6
58.3
13.3
70.4
.2
-2.5
72.6
59.0
13-6
71.4
.2
-2.8
73.9
63.1
10-8
56
57
58
59
60
61
62
98.9
.5
15-9
9.2
73.3
91. 2
-. 1
12.5
11.7
67.2
49.0
18.2
79.5
-. 1
6.2
9.3
64. 1
49.7
14.4
46.4
-. 1
5.7
7.6
33.2
19.0
14.2
49.5
-. 1
5.0
7.2
37.4
22.9
14.5
47.7
-. 1
6.4
7.4
34.0
20.7
13.3
43. 1
-. 1
7.5
10.5
25.2
11.6
13.6
498.2 Gross doaestic investment
Private fixed investaent
489.5
139.9
Besidential construction
Mobile hoaes
6.0
1-4 Family structures
102.1
Household purchases
93.8
1.7
Fara
Change in work in
process on nonfara
6.6
Noncorporate
3.3
3.3
Corporate
Multi-family units
Households (1)
Noncorporate business
Nonfin. corp, business
Beits
Nonres. plant ♦ eguipment
Nonprofit inst. (HH)
Farm
Nonfara noncorp. bus.
Financial corporations
Nonfin. corp, business
Inventories
Farm
Nonfarm
Noncorporate
Corporate
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Corporate profits, taxes, and dividends:
Profits - total
203.3
227.2
♦
.3
Faras
20.7
Poreign
20.5
Financial corporations
32.5
33.8
Nonfin. corporate business
173.7
149,0
41
42
43
44
45
85.2
*
21.2
64.0
Tax accruals - total
Faras
Financial corporations
Nonfin. corporate business
46
47
48
49
72.0
.2
-2.7
74.5
65.4
9.2
73.7
.3
-2.7
76.1
6 3.0
13. 1
Dividends - total
Faras
Financial corporations
Nonfin. corporate business
Net dividends paid
♦ Net fgn. div. received
50
51
52
53
54
55
36.7
-. 1
12.9
9.4
14.6
3.8
10.8
55.2
-. 1
15.4
11.3
28.6
19.4
9.2
68.2
*
14. 1
7.6
46.5
33.4
13.1
Undist. profits - total
Farms
Financial corporations
Foreign
Nonfin. corporate business
Domestic undist. prof.
♦ Net fgn. div. received
56
57
58
59
60
61
62
37.6
.2
-1.4
38.8
Cap. cons, adjust. - total
Farms
Financial corporations
Nonfin. corporate business
63
64
65
66
67
68
69
70
71
72
73
74
75
10.5
112.4
.3
14.2
15.5
82.4
67.3
15. 1
63
64
65
66
-12.7
-.2
-.4
-12-1
-14.8
-.2
-.8
-13.7
-16.3
-.3
-1.7
-14.3
-11.0
-.3
-1.9
-8.8
-1.1
.1
-1.9
.8
-3.5
•
-1.9
-1.6
.1
.1
-2.0
2.0
4.7
.2
-2.0
6.5
13.9
.1
-2.0
15.8
25.6
.1
-1.7
27. 1
67
68
69
70
71
72
73
74
75
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
16.4
46.2
179.3
9.3
2.2
167.8
329.5
48.3
7.8
18.2
52.3
202.9
2.5
189.7
359.2
50.9
8.3
19.2
58.7
222.0
12. 1
2.7
207.3
356. 1
49.9
8.2
19.0
58.8
220.2
11.8
2.6
205.7
363.0
51.0
8.4
19.3
59.8
224.5
12.2
2.7
209.6
368.3
53.0
8.7
19.8
59. 1
227.7
12.6
2.8
212.4
370-8
54.7
8.9
19.7
59.3
228.3
13.0
2.8
212.6
373.3
56.2
9.1
19.8
58.4
229.8
13.2
2.8
213.9
382.5 Total capital consumption
Owner-occupied homes (HH)
58.0
Nonprofit institutions (HH)
9.4
20.0
Fara noncorporate
Nonfara noncorp, business
62.0
233. 1
Total corporate
13.5
Financial business
Corporate faras
2.8
Nonfin. corporate business
216.8
76
77
143.5
366.0
160-9
417.0
182.0
475.1
196.4
525.9
209.2
568.4
206. 1
562. 2
210.3
573.3
216.5
584.8
222.1
593.0
227.1
600.4
Meao: Cap. cons, on consumer
76
durables not included above
233.0
615.5 Tot. cap. cons. incl. durables 77
78
-2.5
-1.5
2.3
-4.9
.5
1.7
2.5
4.2
-1.2
-3.4
79
60
36.3
14.9
34.7
15-4
36.1
15.5
36.5
15.9
34.0
15.6
34.4
15.8
32.2
15.4
36.2
15.1
37.4
15.2
62.6
10.7
34.3
15.4
1.3 Statistical discrepancy
37.5 Profit tax rate (per cent)
14.5 Personal tax rate (per cent)
(1)
BILLIONS CF DOLLABS.
II1/8 3 BASED ON INCOMPLETE INFORMATION.
Purchases of condoniniua units.
78
79
80
HOVEHEER 23, 1983
Funds Raised io Credit Harkets
2
Funds Raised in Credit Harkets
Suaaary of Het Funds Raised in Credit and Equity Harkets
UNADJUSTED HET FLOHS($ HILL)
UNADJUSTED NET FLOWS ($ HILI)
II
1982
III
IV
|
|
I
1983
II
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
Het Credit Harket Borrowing by Nonfinancial Sectors
1
Total net borrowing by doaestic
nonfinancial sectors
2
3
4
D.S- Governaent
Treasury issues
Agency issues ♦ nortgages
5
Private doaestic
nonfinancial sectors
187.7
175.3
193.0
243.5
319.4
1
8,975
9,028
-53
57,643
57,715
-72
61,965
62,088
-123
55,641
55,620
21
46,876
46,951
-75
47,860
47,898
-38
8-3
7.9
.4
11.8
12.0
-.2
85.4
85.8
-.4
69.0
69- 1
-.1
56.8
57.6
-.9
2
3
4
75,186
64,246
55,498
32,007
89,522
90,495
179-4
84,161 121,889 117,463
87,648 136,398 138,355
163.5
107.6
174.5
262.6
5
6
7
8
9
10
11
12
13
Debt capital instruaents
Tax-exempt obligations
Corporate konds
Hortgages
Hone mortgages
Hulti-fanily resid.
Connercial
Farn
38,713
14,954
3,031
20,728
11,894
642
6,625
1,567
40,142
12,698
5,936
21,508
17,750
-867
3,693
932
47,292
17,895
8,142
21,255
15,399
108
5,263
4 85
37,871
6,637
3,445
27,789
20,329
1,403
5,930
127
69,486
22,902
6,243
40,341
28,890
2,419
8,265
767
60,279
8,786
1,323
50,170
37,030
2,074
9,821
1,245
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
•
11.0
4-6
123.6
15.7
22.8
85. 1
63.9
3.9
11.6
5.7
171.1
21.9
22.9
126.3
94.0
7. 1
18. 1
7. 1
6
7
8
9
10
11
12
13
14
15
16
17
18
Ctber debt instruaents
Consuner credit
Bank loans n.e.c.
Cpen-narket paper
Cther
36,473
7,644
19,828
2,684
6,317
24,104
8,206
6,339 10,290
8,993
15,291
-1,303 -10,602
3,777
-475
-5,864
-2,651
-5,942
-226
2,955
20,036
12,835
2,608
-1,691
6,284
30,216
17,142
5,761
3,049
4,264
75. 1
24.3
37.0
2.5
11.3
62.9
9.9
32.9
6.6
13.5
6.7
9.6
-10.4
-2.6
10.1
50.9
25.4
4.5
4.0
16.9
91-6
40.2
27.1
2.9
21.3
14
15
16
17
18
19
20
21
22
23
24
25
By borrowing sector:
State*local governnents
Households
Nonfinancial business
Farm
Nonfara noncorporate
Corporate
75,186
12,168
20,448
42,570
6,587
12,596
23,387
64,246
8,443
24,913
30,890
2,924
4,934
23,032
55,498
14,118
31,053
10,327
-2,164
6,879
5,612
32,007
4,425
17,641
9,941
-808
6,322
4,427
89,522
20,336
37,717
31,469
4,286
14,767
12,416
90,495
6,963
48,933
34,599
2,229
15,148
17,222
179.4
13.2
77.7
88.5
9.9
29.8
48.8
163.5
15.5
53.9
94. 1
7.8
20.2
66. 1
107.6
13.7
52. 1
41.8
8.5
12.5
20.9
174.5
15.2
89.5
69.8
10.2
15.4
44.2
262.6
15.4
137.3
110.0
12.3
28.0
69.7
19
20
21
22
23
24
25
3,488
429
43
2,133
883
4,713
3,193
-1,062
130
2,452
6,345
2,207
-764
4,346
556
2,221
806
4,400
-4,195
1,210
5,496
1,385
1,433
1,911
767
3,607
392
-329
2,609
935
6.3
1.0
2.8
.9
1.7
15.0
2.1
4.0
7.3
1.6
11.3
6.2
2.0
.3
2.8
19.3
8.6
5.6
1.9
3.3
13.5
5. 1
3. 1
2.4
3.0
26
27
28
29
30
89,869 141,894 141,962
194.0
190.3
204.4
262.8
26 Fgn. net borrowing in U.S.
27
Bonds
Bank leans n.e.c.
28
29
Cpen-market paper
30
U.S- Governaent loans
31 Total doaestic plus foreign
87,649 126,602 123,808
332.9 31
Net Credit Harket Borrowing by Financial Sectors
Total net borrowing
1 by financial sectors
31,937
12,214
14,619
10,728
21,913
22,063
45.8
39.0
7.3
21.0
45.8
1
U.S. Gcvernaent-related
Sponsored credit ag. sec.
Mortgage pool securities
Loans fron O.S. Government
18,118
8.795
9,323
19,373
6,093
13,280
-
16,559
-1 ,729
18,288
15,518
-3,180
18,698
16,520
476
16,044
-
16,452
650
15,802
19.9
16.3
3.6
-
20.7
16.6
3.4
.7
10.3
2.3
7. 1
.9
14.3
2.5
12.2
-.4
22.0
7.0
16.1
-1. 1
2
3
4
5
Private financial sectors
Corporate bonds
Hortgages
Bank loans n.e.c.
Cpen-marxet paper
Fed. Hone Loan Bank loans
13,819
87
30
602
9,S5$
3,236
-7,159
1,246
29
-469
■£,209
-1.756
-1,940
1,786
29
1,287
-3,401
-1,641
-4,790
2,862
28
-1,620
,-»e
-5,985
5,393
2,885
28
-1,249
nr95?
-1^223
5,611
3,822
27
166
n,S27
-931
25-9
4.4
.3
9.0
4.9
7.2
18.3
3. 1
.2
4.6
3-8
6.7
-3.0
3.2
.4
-3.7
1- 1
-4.0
6.7
9.8
.4
-3.7
-2.0
23.8 6
10. 1 7
* 8
-.3 9
£ ;Z
4.3 11
12 Total, cy sector
13
Sponsored credit agencies
14
Mortgage pools
31,937
8,795
9,323
12,214
6,093
13,280
14,619
-1,729
18,288
10,728
-3,180
18,698
21,913
476
16,044
22,063
650
15,802
45.8
16.3
3-6
39.0
17.3
3.4
7.3
3.2
7.1
21.0
2. 1
12.2
45.8 12
5.9 13
16. 1 14
15
16
17
18
19
20
13,819
103
3.175
2,499
8,0 29
13
-7, 159
189
-3,918
-2,702
-742
14
-1,940
343
1,000
-3,931
635
13
-4,790
277
1,389
-6,023
-447
14
5,393
-234
1,655
-1
3,959
14
5,611
169
3,014
207
2,207
14
25.9
*
3.2
7.6
9.5
5-6
18-3
.2
4.4
6.2
6.0
1.5
-3.0
.2
.6
-4.2
.5
-. 1
6.7
.7
5.4
-1.7
4.3
-1.9
23-8
.6
2.0
6.9
16.9
-2 5
15
16
17
1C
19
20
2
3
4
5
6
7
8
9
10
11
Private financial sectors
Commercial nanxs
Banx affiliates
Savings and loan assns.
Finance conpanies
aeits
Total Net Credit Harket Borrowing, All Sectors, by Type
1 Total net borrowing
2
U.S. Governnent securities
3
State ♦ local obligations
4
Corporate * foreign konds
5
Mortgages
6
7
8
9
Consuner credit
Bank loans n.e.c.
Cpen-market paper
Cther loans
119,586 138,816 138,427 100,597 163,807 164,025
27,125 77,046 78,555 71,174 63,428 64,326
14,954 12,698 17,895
6,637 22,902
8,786
3,547 10,375 12,135
7,113 10,513
5,537
20,726 21,507 21,253 27,802 40,337 50,183
239.8
28.3
14.7
14.6
80.7
229.3
31.9
16.5
24.9
64.5
211.6
94.9
16. 1
36.7
57.9
283.8
83.8
15.7
41.2
85.4
378 7
79.9
21.9
38. 0
126.2
1
2
3
4
5
24.3
48.8
8.3
20.2
9.9
41.5
17.7
22.5
9.6
-12. 1
-1.2
9.8
25.4
6.4
8. 1
17.8
40-2
29.9
15.0
27.5
6
7
8
9
10,290
9,516
-9,657
-1,560
-2,651
-3,162
-4,496
-1,820
12,835
2,792
5,172
5,828
17,142
5,598
8,185
4,268
10 Memo: U.S. Govt, cash balance
-131 16,353 -9,772
Totals net of changes in U.S. Govt, cash balances:
11 Net borrowing by don. nonfin.
84,292 105,536 127,235
By U.S. Governnent
12
9,106 41,290 71,737
-3,870
12,623
9,058
-1.7
-4.6
2.9
3.2
1.1 10
91,518 123,775 129,297
59,511 34,253 38,802
189.3
9.9
179.9
16.4
190.2
82.5
240.4
65.9
318.3 11
55.7 12
7,644
20,473
14,681
10,436
6,339
13,760
-7,382
4,473
External Corporate Equity Funds Raised in U. S. Harkets
1 lotal net share issues
2
Hutual funds
3
All other
4
Nonfinancial corporations
5
Financial corporations
Foreign shares
6
purchased in U.S.
7,168
2,259
4,909
3,784
1,024
7, 156
6,222
934
-265
1,094
16,379
5,822
10,557
8,145
1 ,092
21,505
11,630
9,875
7,794
1,088
22,048
7,773
14,275
11,321
1,117
11,864
5.947
5,917
4,196
1,109
10.2
10.4
7.9
2.7
5.7
.9
4.8
4. 1
1.0
10.6
-.3
10.9
9.9
.8
0 6
-2.4
13. 1
10.5
2.2
f 5
.9
5.6
2.7
2.5
1
2
3
4
5
101
105
1,320
993
1,837
612
-.2
-.2
.2
.3
.4
6
III/83 BASED GN PBEL1HI NARY AND INCOHPLETE INFORHATIOH
NOVEMBER 23, 1983
Funds Raised in Credit Markets
Fuads Raised in Credit Harkets
3
Suaaary of Bet Fuads Raised in Credit aad Eguity Markets
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL RATES
|
1978
1979
1980
1981
1982
I
1982
xi
1983
1
III
I*
II
I
II
III
Net Credit Harket Borrowing by Nonfinancial Sectors
1
369.8
386.0
343.2
377.2
395.3
381.8
442.7
427.0
413.9
576.5
Total net borrowing by doaestic
491.6
nonfinancial sectors
2
3
4
53.7
55.1
-1.4
37.4
38.8
-1.4
79.2
79.8
-.6
87-4
87.6
-.5
161.3
162.1
-.9
118.3
118.5
-.2
206.5
206.8
-.3
224.4
224.9
-.5
196.3
196.2
-1
264.1
264.4
-.3
157.2
157.4
-.2
U.S. Governaent
Treasury issues
Agency issues * aortgages
2
3
4
5
316.2
34 8.6
264.0
289.8
234.1
263.6
236.1
202.5
217.6
312.4
334.4
Private doaestic
nonfinancial sectors
5
6
7
8
9
10
11
12
13
199.7
28.4
21.1
150.2
112.2
9.2
21.7
7.2
21 1.2
30.3
17.3
163.6
12Q.0
7.8
23.9
1 1.8
192.0
30.3
26.7
135.1
96.7
8.8
20.2
9.3
158.4
21.9
22.1
114.5
75-9
4.3
24.6
9.7
152.4
50.5
18.8
83.0
56.6
1.3
20.0
5.2
140.6
51.7
10.0
78.9
48.2
2.8
23.5
4.5
146.9
47.4
24.8
74.8
56.6
-3.7
17.3
4.5
185.3
71.3
29.1
84.9
60.5
.3
19.8
4.4
184.3
38.6
18.5
127.2
97.6
5.7
24.9
-1.0
263.2
83.1
23.3
156.7
115.9
9-9
29.4
1.5
228.7
32.8
6.3
189.6
133.0
8.0
42-7
5.7
Debt capital instruaents
Taz-exeapt obligations
Corporate bonds
Bortgages
Hone aortgages
Hulti-faaily resid.
Coaaercial
Farm
6
7
8
9
10
11
12
13
14
15
16
17
18
116.5
48.8
37.4
5.2
25.1
137.5
4 5.4
51.2
11.1
29.7
72.0
4.9
36.7
5.7
24.8
131.5
24.1
54.7
19.2
33.4
81.6
18.3
54.4
-3.3
12.2
123.0
35.9
68.5
3.6
15.1
89.2
11.1
55.7
-2.8
25.2
17.2
23.6
21.8
-23.3
-4.9
33.3
28. 1
8.5
-18.5
15.2
49.2
49.5
-.9
-14.1
14.7
105.8
49.1
15.6
14.9
26.2
Other debt instruaents
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other
14
15
16
17
18
19
20
21
22
23
24
25
316.2
19.1
169.4
127.6
14.6
32.4
80.6
34 8.6
20.5
17 6.4
151.7
21.4
34.4
96.0
264.0
20.3
117.5
126. 1
14.4
33.7
78. 1
289.8
9.7
120.6
159.6
16.3
39.6
103.7
234.1
36.3
86.3
111.5
9.0
29.8
72.7
263.6
40.5
100.0
123.0
10.5
37.8
74.8
236.1
30.4
78.4
127.3
10.8
26.5
90.0
202.5
56.2
93.7
52-7
7.3
23.3
22.0
217.6
29.8
117.4
70.4
-2.9
35.3
38.0
312.4
72.8
162. 1
77.4
.8
44.8
31.9
334.4
25.5
168.8
140.0
7.9
68.9
63.3
By borrowing sector:
State+local governaents
Households
Nonfinancial business
Fara
Nonfarm noncorporate
Corporate
19
20
21
22
23
24
25
26
27
28
29
30
33.8
4.2
19.1
6.6
3.9
20.2
3.9
2.3
11.2
2.9
27.2
.8
11.5
10. 1
4.7
27.2
5.4
3.7
13.9
4.2
15.7
6.6
-6.2
10.7
4.5
13.9
1.7
.2
8.5
3.5
11.9
12.8
-11.2
.5
9.8
25.3
8.8
-3. 1
17.4
2.2
15.9
3.2
24.6
-16.8
4.8
21.5
5.5
5.3
7.6
3.1
31
403.6
406.2
370.4
404.4
411.0
395.8
454.5
452.3
429.7
598.1
1
7.7 Fgn. net borrowing in U.S.
1.6
Bonds
Bank loans n.e.c.
-8.0
10.4
Open-aarket paper
U.S. Government loans
3.7
26
27
28
29
30
499.4 Total doaestic plus foreign
31
Net Credit Market Borrowing by Financial Sectors
1
74.6
82.5
63.3
85.4
69.3
105.9
38.9
58.5
81.6
60. 1
74.0
2
3
4
5
37.1
23.1
13.6
-4
47.9
24.3
23.1
.6
44.8
24.4
19.2
1.2
47.4
30.5
15.0
1.9
64.9
14.9
49.5
.4
68.4
29.0
39.4
-
66.0
12-6
53.4
-
70.9
V
70.8
-
76.1
1-5
74.6
59.7
-6.5
66.2
-
51.7
-12.3
64.0
6
7
8
9
.0
11
37.5
7.5
.1
2.8
14.6
12.5
34.6
7.8
*
-.4
',8.0
9.2
18.5
7. 1
-. 1
-.4
7.8
7.1
38.0
-.8
-.5
2-2
20.9
16.2
4.4
2.3
.1
3.2
-2.0
.8
37.5
-1. 1
.1
1.2
2° . 7
7.5
-27.1
6.3
.1
1.3
-2 2. 2
-11.6
-12.4
5.2
. 1
1. 1
■n e
-6.0
5.5
14.2
- 1
-4.3
9<8
-14.4
.4
10.2
.1
-6.0
7. 4
-11.4
22.3
16.4
.1
3.7
10.5
-8.4
12
13
14
74.6
23.5
13.6
82.5
24.8
23.1
63.3
25.6
19.2
85.4
32.4
15.0
69.3
15.3
49.5
105.9
29.0
39.4
38-9
12.6
53.4
58.5
*
70.8
81.6
1.5
74.6
60. 1
-6.5
66.2
15
16
17
18
19
20
37.5
.2
7.2
13.5
18.1
-1.4
34.6
.2
6.5
12.6
16.6
-1-3
16.5
.2
6.9
7.4
6-3
-2.2
38.0
-. 1
8.3
15.5
14. 1
.2
4.4
.6
1-9
-3.0
4.9
.1
37.5
.4
12.7
4.4
19.9
. 1
-27.1
.8
-15.7
-18.3
6.1
.1
-12.4
1.4
4.0
-12. 1
-5.6
. 1
5.5
1.1
5.6
-15.0
13.8
.1
.4
-.9
6.6
-6.6
1.2
.1
Total net borrowing
by financial sectors
U.S. Government-related
Sponsored credit ag. sec.
Mortgage pool securities
Loans froa u.s. Governaent
Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Bank loans
1
2
3
4
5
6
7
8
9
10
11
74.0 Total, by sector
Sponsored credit agencies
-12.3
64.0
Mortgage pools
12
13
14
Private financial sectors
Comaercial banks
Bank affiliates
Savings and loan assns.
Finance companies
Reits
15
16
17
18
19
20
22.3
.7
12. 1
-7.3
16.8
.1
Total Net Credit Harket Borrowing, All Sectors, by Type
— ————-------------------------- — —- --------------- -- -----------—- ------— —
1
2
3
4
5
478.2
90.5
28.4
32.8
150.2
488.7
84.8
30-3
29.0
163.5
433.7
122.9
30.3
34.6
134.9
489.8
133-0
21.9
26.7
113.9
480.3
225.9
50.5
27.7
83.0
501.7
186.8
51.7
10.7
78.9
493.4
272.6
47.4
43.8
74.8
510.8
295.4
71.3
43. 1
84.9
511.3
272.4
38.6
36.0
127.2
658.1
323.9
83.1
39.1
156.7
6
7
8
9
48.8
59.3
26.4
41.9
45.4
53.0
4 0.3
42.4
4.9
47.8
20.6
37.8
24. 1
60.6
54.0
55-8
18.3
51.4
5.4
17.9
35.9
69.8
41.9
26. 1
11.1
45.7
-25.5
23.4
23-6
19.8
-18.7
-8.6
28.1
28.8
-25.5
5.7
49.5
-1.6
1.0
6.4
10
3.8
.6
-3.8
♦
7.3
-11.2
38.4
-9«. 7
11
12
366.1
49.9
385.4
36-8
347.0
83.0
377.2
87.4
388.1
154.0
393.1
129.5
404.2
168.1
436.7
234.2
573.4 Total net borrowing
U.S. Governaent securities
209.0
State + local obligations
32.8
Corporate + foreign bonds
24.2
Mortgages
189.6
1
2
3
4
5
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
6
7
8
9
49-1
11.2
35.9
21.5
10
-12.6
47.5
7.3 Heno: U.S. Govt, cash balance
Totals net of changes in U.S. Govt, cash balances:
426.5
529.0
484.3 Net borrowing by doa. nonfin. 11
12
By U.S. Government
208.9
216.6
149.9
External Corporate Eguity Funds Raised in U. S. Markets
1
2
3
4
5
1.9
-.1
1.9
-.1
2.5
-3.8
.1
-3.9
-7.8
3.2
22.2
5.2
17.1
12.9
2. 1
-3.7
6.8
-10.6
-11.5
.9
35.4
18.6
16.8
11.4
4. 1
32.8
12.2
19.6
15. 1
4. 1
30.0
26.2
3.7
-1.1
4.4
64
2J. 6
42.2
32.6
4. 4
2. 2
42. 7
39.5
31.2
4.4
9 ,C
34.9
57.1
45.3
4.5
6
-.5
.8
2. 1
*
1.3
.4
.4
5.3
4.0
7.3
BILLIONS OF DOLLABS.
111/83 BASED ON INCOMPLETE INFORMATION.
49. ( Ictal net share issues
25.3
Mutual funds
23.7
All other
Nonfinancial corporations
16.8
Financial corporations
4.4
Foreign shares
purchased in U.S.
2.4
1
2
3
4
5
6
NOVEMBER 23, 1963
Credit Market Supply of Funds
Credit Market Supply of Funds
4
Direct and Indirect Sources of Funds to credit Harkets
UNADJUSTED HET FLOBS($ HILL)
UBADJUSTED MET FLOWS($ HILL)
1962
II
III
J
IV
Total funds advanced in credit narkets
84,161 121,889 117,463
1
to don. nonfinan. sectors
)
I
1983
II
III
1973
BILLIONS OF DOLLARS
1975
1974
1976
1977
87,648 136,398 138,355
187.7
175.3
193.0
243.5
319.4
1
2
3
4
5
6
By Federal agencies and foreign
38,106
13,761
16,726
-1,756
9,375
30,798
7,634
21,501
-1,641
3,304
15,680
3,100
19,443
-5,985
-878
32,771
9,189
19,547
-1,223
5,258
39,046
15,633
17,363
-931
6,981
32.8
9.5
8.2
7.2
7.9
51.0
9.4
13.2
6.7
21.7
39.6
18.0
15.8
-4.0
9.8
49.8
23.1
12.3
-2.0
16.4
79.3
34.9
20.0
4.3
20.2
29,646 38,106
7 By type of lender:
5,424
5,077
U. S. Governaent
8
16,906
17,874
Spons. credit ag. + atg. pools
9
9,149
835
10
Honetary authority
5,860
6,627
11
Foreign
Agency and foreign borrowing not: in line 1:
19,373
Spons. credit ag.*atg. pools
18,118
12
4,713
3,488
Foreign
13
30,798
2,999
18,764
5,161
3,874
15,680
1,120
14,667
-4,751
4,644
32,771
4,193
17,978
5,415
5,185
39,046
3,566
16,143
14,852
4,485
32.8
3.9
19.1
9.2
.6
51.0
9.4
24.2
6.2
11.2
39.6
13.4
11.6
8.5
6. 1
49.8
7.9
16.8
9.8
15.2
79.3 7
10.0 8
22.5 9
7.1 10
39.6 11
16,559
6,345
15,518
2,221
16,520
5,496
16,452
3,607
19.9
6.3
20.7
15.0
10.3
11.3
14.3
19.3
22.0 12
13.5 13
76,121 107,869 109,569
24,267 63,285 70,921
12,698
17,895
14,954
9,119
7,681
-1,664
127 -6,025
-69
16,018
41,869 22,322
3,236 -1,756 -1,641
89,707 125,643 119,368
68,074 54,239 48,693
8,786
6,637 22,902
955
4,016
6,907
2,274
11,730 21,727
2,721
28,642 38,276
-931
-5,985 -1,223
181.1
18.8
14.7
10.0
47.7
97.0
7.2
160.0
22.5
16.5
20.9
30.9
75.8
6.7
175.0
76.9
16. 1
32.8
26.2
19.0
-4.0
227.3
60.7
15.7
30.5
55.4
63. 1
-2.0
275.6
45. 1
21.9
24.1
81.0
107.8
4.3
14
15
16
17
18
19
20
63,211
24,185
4,381
23,258
11,387
77,285
27,151
5,275
23,625
21,234
75,301
40,399
13,255
21,409
238
68,837
16,403
26,950
27,913
-2,429
87,074 100,035
32,364 34,339
34,050
34,151
27,512 27,875
-6,953
3,771
163.5
84.7
36.3
23-7
18.9
127.9
67.0
25.3
29.8
5.7
121.2
29.5
51.2
40.6
*
189.3
59.8
68.4
49.7
11.4
258.8
87.8
78.5
69.0
23.6
21
22
23
24
25
63,211
26,951
13,819
77,285
49,120
-7,159
75,301
72,635
-1,940
68,837
40,477
-4,790
87,074 100,035
31,674 55,414
5,611
5,393
163.5
97.2
25.9
127.9
67.6
18.3
121.2
94.2
-3.0
189.3
124.4
6.7
258.8 26
139.0 27
23.8 28
35,324
22,441
-3,949 -14,435
-1,514
9,486
22,543 22,089
5,361
18,184
4,606
-5,130
-3,977
20,795
-7,082
33,150
-9,483
-2,301
22,550
22,384
50,007
9,328
7,597
22,510
10,572
39,010
4,339
1,229
23,718
9,724
40.4
3.1
-1.0
18.4
19.9
42.0
10.3
-5. 1
26.2
10.5
30.0
-8.6
-1.7
29.7
10.7
58.2
-4.5
-.1
34.3
28.5
96. 1
1.4
4.3
51.4
39.0
29
30
31
32
33
40.6
24.6
-.8
-3.2
9.6
10.4
34
35
36
37
38
39
2 Total net advances, by type
O.S. Governaent securities
3
4
Residential aortgages
5
FHLB advances to s*l*s
Other loans and securities
6
29,646
2,858
12,573
3,236
10,979
Private donestic funds advanced
14 Total net advances
15
U.S. Covernnent securities
16
State and local obligations
17
Corporate and foreign bonds
18
Residential aortgages
Other aortgages and loans
19
Less: FHLB advances
20
Private financial intermediation
21
22
23
24
25
Credit narket funds advanced
by private financial insts.
Coaaercial banking
Savings institutions
Insurance and pension funds
ether finance
26 Sources of funds
Private doaestic dep. ♦ HP’s
27
Credit aarket borrowing
28
29
30
31
32
33
Other sources
Foreign funds
Treasury balances
Insurance and pension res.
ether, net
Private domestic nonfinancial investors
34 Direct lending in cr. narkets
35
U.s. Governaent securities
36
State and local obligations
37
Corporate and foreign bonds
38
Cpen-aarket paper
ether
39
26,729
5,650
12,753
-8,098
9,821
6,603
23,425
14,607
7,490
3,083
-7,529
5,774
32,328
20,816
8,047
1,505
-4,444
6,404
16,080
13,575
5,084
-3,318
1,900
-1,161
43,962
25,921
19,927
-4,359
593
1,880
24,944
18,442
4,721
255
-628
2,154
43.5
19.2
5.4
1.9
9.8
7.2
50.4
19.4
9.4
5. 1
5.8
10.6
50.7
25.4
8.4
8.9
-1.3
9.4
44.7
15.9
3.3
11.8
1.9
11.8
40 Deposits and currency
41
Currency
42
Checkable deposits
29,800
1,976
-2,136
49,982
1,858
2,820
78,637
6,481
29,510
44,052
645
-8,945
36,382
3,947
11,952
60,556
4,384
-122
102.2
3.9
10.6
73.7
6.3
2.2
101.2
6.2
9.4
133.4
7.3
10.4
148.6 40
8.3 41
17.2 42
14,629
10,124
24,694 66,669 108,004 36,357
22,025 -17,013 -26,296 -15,680
32,329
-1,625
40.0
37.3
2.4
97.9
1.3
121.3
•
93.6 43
.2 44
43
44
Saall tiae ♦ svgs. deposits
Honey aarket fund shares
45
46
47
Large tiae deposits
Security RB‘s
Foreign deposits
3,869
465
873
-750
331
-996
-9,509 -37,700
2,978
5,414
-479
2,930
-1,051
96
761
20,141
4,691
758
35.5
11.0
1.2
28.0
-2.2
-.2
-14.6
.2
.8
-9.7
2.3
1.7
25.7 45
2.2 46
1.3 47
Total of credit akt. instru
aents, deposits, and currency
56,529
73,407 110,965
60,132
80,344
85,500
145.8
124. 1
152.0
178. 1
189.1 48
49 Public holdings as X of total
50 Pvt. finan. interaediation (X)
51 Total foreign funds
33,823
83,040
1,911
30,099
71,647
-7,808
17,447
76,735
-4,839
23,095
69,302
14,513
27,504
83,803
8,824
16.9
90.3
3.7
26.8
79.9
21.5
19.4
69.3
-2.5
18.9
83.3
10.6
23.8 49
93.9 50
41.0 51
48
24,875
68,724
-1,256
Corporate Equities Hot included Above
1 Total net issues
Hutual fund shares
2
3
ether eguities
7,168
2,259
4,909
7,156
6,222
934
16,379
5,822
10,557
21,505
11,630
9,875
22,048
7,773
14,275
11,864
5,947
5,917
10.2
-.2
10.4
5.7
.9
4.8
10.6
-.3
10.9
10.6
-2.4
13.1
6.5
.9
5.6
1
2
3
4 Acg. by financial institutions
5 Other net purchases
4,604
2,564
5,567
1,589
14,170
2,209
14,487
7,018
15,209
6,839
7,691
4,173
13.2
-3.0
5.8
-. 1
9.8
.8
12.5
-1.9
7.4
-.9
4
5
III/83 BASED OH PRELIMINARY AHD INCOHPLETE INFORHATION
NOVEMBBB 23, 1983
Credit Market Supply of Funds
Credit Harket Supply of Funds
Direct and Indirect Sources of Funds to Credit Markets
5
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1
1978
1
389.8
1979
386.0
1980
343.2
1981
377.2
1982
I
395.3
II
381.8
1982
III
442-7
IV
427.0
|
1
I
413.9
1983
II
III
Tot:al funds advanced in credit narkets
491.6
to don. nonfinan. sectors
576.5
1
By Federal agencies and foreign
2
3
4
5
6
102.3
36.1
25.7
12.5
28.0
75.2
-6.3
35-8
9.2
36.5
97.0
15.7
31.7
7.1
42.4
97.4
17.2
23.4
16.2
40.6
109.3
17.9
61.1
.8
29.5
135. 1
36.3
53.8
7.5
37.5
116.4
29.5
64.5
-11.6
34.0
105.2
6.9
83.5
-6.0
20.7
107.5
43.8
79.6
-14.4
-1.5
7
8
9
10
11
102.3
17.1
40.3
7.0
38.0
75.2
19.0
53.0
7.7
-4.6
97.0
23.7
45.6
4.5
23.2
97.4
24. 1
48.2
9.2
16.0
109.3
16.7
65.3
9.8
17.6
135.1
16.6
66.7
3.3
48.6
116.4
22-5
53.9
26.8
13.2
105.2
15.7
82.3
12.2
-5.0
107.5
3.0
71.8
-9
31.8
12
13
37.1
33.8
47.9
20.2
44.8
27.2
47.4
27.2
64.9
15.7
68.4
13.9
66.0
11.9
70.9
25.3
76.1
15.9
14
15
16
17
18
19
20
338.4
54.3
28.4
23.4
95.6
149.3
12.5
379.0
91.1
30.3
18.5
91.9
156.3
9.2
318.2
107.2
30.3
19.3
73.7
94.8
7.1
354.4
115.9
21.9
19.4
56.7
156.9
16.2
366.6
207.9
50.5
15.4
-3.3
96.8
.8
329. 1
150.5
51.7
-8.8
-3.0
146.2
7.5
404. 1
243.1
47.4
31.8
-11.6
81.8
-11.6
418.0
288.5
71.3
33.0
-22.8
42. 1
-6.0
398.3
228.6
38.6
20.8
23.6
72-3
-14.4
147.6
62.0
81.8
-11.4
15.1
2
3
4
5
6
116.5 Total net advances, by type
U.S. Governnent securities
34.5
66.9
Besidential nortgages
FHLB advances to s*l’s
-8.4
Other loans and securities
23.5
147.6
116.5 By type of leader:
15.4
U.S. Governnent
13.3
66.6
Spons. credit ag.+ntg. pools
47.6
24.4
48.5
Monetary authority
43.3
5.0
Foreign
Agency and foreign borrowing not in line 1:
59.7
51.7
Spons. credit ag.+ntg. pools
21.5
7.7
Foreign
7
8
9
10
11
12
13
Private donestic funds advanced
510.2
262.0
83.1
26.0
43.8
83.9
-11.4
434.6 Total net advances
U.S. Governaent securities
174.5
32.8
State and local obligations
4.8
Corporate and foreign bonds
74.1
Besidential nortgages
139.9
Other nortgages and loans
-8-4
Less: FHLB advances
14
15
16
17
18
19
20
Private financial internediation
Credit narket funds advanced
by private financial insts.
Connercial banking
Savings institutions
Insurance and pension funds
Other finance
21
22
23
24
25
302.3
129.0
72.8
75.0
25.5
294.7
123.1
56.7
66.4
48.5
262.3
101. 1
54.9
74.4
32.0
305.2
103.6
27.2
79.3
95.2
271.2
108.5
30.6
94.2
37.9
241.6
89.1
19.3
97.0
36.3
288.0
87.1
14.1
91.2
95.5
249.8
127. 1
47.9
94.8
-20.0
363.9
131.1
117.2
100.8
14.8
338.3
123.8
139.7
114.0
-39.2
377.2
113-2
130.7
108.8
24.5
26
27
28
302.3
141.0
37.5
294.7
14 2.0
34.6
262.3
168.6
18.5
305.2
211.7
38.0
271.2
173.4
4.4
241.6
138.3
37.5
288.0
204.0
-27. 1
249.8
161.5
-12.4
363.9
262.3
5.5
338-3
158.1
.4
26
377.2 Sources of funds
227.7
Private donestic dep. ♦ BP’S 27
Credit narket borrowing
28
22.3
29
30
31
32
33
123.8
6.5
6.8
62.2
48.4
118.1
27.6
.4
4 9. 1
41.0
75.2
-21.7
-2-6
65.4
34.0
55.5
-8.7
-1. 1
73.2
-7.9
93.5
-27.7
6.1
85.9
29.2
65.9
-38.9
-16.3
91.0
30. 1
111.1
-59.9
24.1
86.8
60.0
100.7
9. 1
4. 1
86. 1
1.5
96. 1
-43.8
-10.4
88.0
62.2
179.8
8-7
25. 1
90.6
55.3
127.2
20.4
-10.9
93.1
24.7
34
35
36
37
38
39
73.6
36.3
3.6
-1.8
15.6
19.9
118.9
61.4
9.9
5.7
12.1
29.8
74.4
38.3
7.0
.6
-4.3
32.9
87.2
47.4
9.6
-8.9
3.7
35.4
99.7
58.1
30.9
-9.4
-2.0
22.1
125.0
54.4
41.0
-30.3
22.7
37.2
89.0
40.6
28.8
10.9
-14.5
23.2
155.8
104.7
38.0
3.8
-6.8
16. 1
39.9
23.5
25.7
-10.9
-2.0
3.7
172.3
126.6
68.6
-14.5
-18.4
10.1
'10
41
42
152-2
9.3
16.2
7.9
18.7
180,0
10.3
5.0
2217
9.5
18.1
179.4
8.4
13.0
147. 3
5.5
-11.2
212.0
11.9
9.3
172.3
12.7
28.9
289.1
15.0
63.7
174.6
13.5
47.5
253.0 Deposits and currency
22.2
Currency
Checkable deposits
-8.3
43
44
65.9
6.9
59.2
34.4
83.1
29.2
47.2
107.5
137.0
24.7
88.7
40.5
126.2
88.1
231. 1
-68. 1
409.7
-105.2
180.4
-62.7
162-5
-6.5
45
46
47
44.4
7.5
2.0
23.0
6.6
1.5
44.7
6.5
1. 1
36.4
2.5
.5
-5.2
3.8
-2.4
18.4
1.9
3.5
-20.9
1.3
-4.0
-42.4
11.9
-1.9
-127.5
21.7
11.7
-7.5
.4
3.0
61.2
18.8
3.0
48
225.8
270.3
254.4
308.9
279.1
272.2
300.9
328. 1
329.0
346.9
Total of credit nkt. instru332.7 nents, deposits, and currency 48
49
50
51
25.3
89.3
44.6
18.5
77.7
23.0
26.2
82-4
1.5
24. 1
86. 1
7.3
26.6
74.0
-10.2
34. 1
73-4
9.7
25.6
71.3
-46.6
23.3
59.8
4. 1
25.0
91.4
-12.0
24.7
66.3
52.0
23.3 Public holdings as X of total 49
86.8 Pvt. finan. internediation (X) 50
51
25.3 Total foreign funds
21
22
23
24
25
Other sources
29
30
Foreign funds
31
Treasury balances
Insurance and pension res. 32
33
Other, net
Private donestic nonfinancial investors
79.7 Direct lending in cr. narkets
U.S. Governnent securities
42.8
State and local obligations
18.3
Corporate and foreign bonds
-1.1
Open-narket paper
13.7
Other
6.1
34
35
36
37
38
39
40
41
42
Snail tine * svgs. deposits
Money narket fund shares
43
44
Large tine deposits
Security HP’s
Foreign deposits
45
46
47
Corporate Eguities Not Included Above
1
2
3
1.9
-.1
1.9
-3.8
.1
-3.9
22.2
5.2
17.1
-3.7
6.8
-10.6
35.4
18.6
16.8
31.8
12.2
19.6
30.0
26.2
3.7
64.0
21.8
42.2
82.2
42-7
39.5
9 2.0
34.9
57.1
49.0 Total net issues
Hutual fund shares
25.3
23.7
Other eguities
1
2
3
4
5
4.5
-2.7
9.7
-13.5
16.8
5.4
22.1
-25.9
27.9
7.5
17.7
14.2
25.4
4.6
47.5
16.5
64.4
17.8
60.5
31.5
34.6 Acg. by financial institutions
14.4 Other net purchases
4
5
BILLIONS OF DOLLABS.
III/83 BASBD ON INCOHPLETE INFOBHATION.
Line
i.
6.
Page 2, line i.
Includes farm and commercial mortgages.
12.
Credit market funds raised by Federally sponsored credit agencies + federally
related mortgage pool securities.
14.
Line 1 less line 2 plus lines 12 + 13. Also line 21 less line 28 plus line 34.
Also sum of lines 29 and 48 less lines 41 and 47.
19.
Includes farm and commercial mortgages.
27.
Line 40 less line 41 and 47.
28.
Excludes equity issues and investment company shares.
30.
Foreign deposits at commercial banks, bank borrowings from foreign branches,
and liabilities of foreign banking offices to foreign affiliates, net of
claims on foreign affiliates and deposits by banking ioreig.1 banks.
31.
Demand deposits and note balances at commercial banks.
Includes line 19.
32.
33.
34.
Excludes investment of these reserves in corporate equities.
Mainly retained earnings and net miscellaneous liabilities.
Line 14 less line 21 plus line 28.
35*39*
Lines 15-19 less amounts acquired by private finance plus
amounts borrowed by private finance. Line 39 includes
mortgages.
48.
50.
Lines 34 + 40. Also line 14 less line 29 plus lines 41 and
47*
Line 21/line 14.
51.
Line 11 plus line 30.
Co*?oratc Equities
Lio£
1 and 3 Includes issues by financial institutions.
NOVEMBER 23, 1983
Households
Households
6
Sector Stateaents of Saving and Investnent
OMADJOSTED MEI BLOWS(J HILL)
OHADJUSTED MET FLOWS($ HILL)
II
1982
III
IF
I
(
I
1983
II
III
1973
BILLIOHS OF DOLLARS
1974
1975
1976
1977
Households, Personal Trusts, and Monprofit Organizations
635,038 655,613 680,969 638,564 672,578 699,570
112,627 103,362 95,486 98,249 107,143 102,505
1065.2
150.7
1168.6
170.2
1265.0
168.9
1391.2
196.8
1540.4
226.4
1
2
Disposable personal incone
522,411 552,251 585,483 540,315 565,435 597,065
Personal outlays
510,305 515,933 540,706 510,705 560,479 559,598
Personal saving, MIA basis
12,106 36,318 44,777 29,610
4,956 37,467
Credits froa govt, insurance 10,900 18,538 11,021
9,070 13,817 22,062
707
Capital gains dividends
1,099
366
400
180
80
Met durables in consuaption
11,061
6,388 14,958
2,856 15,117 10,247
914.5
835.5
79.0
11.8
.9
40.4
998.3
913.2
85.1
12.6
.5
28.4
1096.1
1001.8
94.3
15.1
.2
26.5
1194.4
1111.9
82.5
17.7
-5
40.0
1314.0
1236.0
78.0
22.5
.6
49.6
3
4
5
6
7
8
34,247 61,324 71,463 42,635 34,256 70,176
66,044 67,418 69,547 71,442 73,101 75,114
100,291 128,742 141,010 114,077 107,357 145,290
132.1
103-3
235.4
126.6
116.7
243.3
136. 1
132-2
268.3
140.6
145.9
286.4
150.8 9
162.0 10
312.8 11
116,664 159,125 156,673 157,230 121,619 158,321
12 Gross investnent
Capital expend, net of sales 80,379 79,723 94,483 86,310 95,306 98,817
13
Residential construction
15,078 17,991 22,612 25,120 20,585 27,470
14
62,581 58,961 69,091 58,390 71,892 68,503
15
Consuner durable goods
2,844
2,780
2,800
2,829
2,771
16
Monprofit plant and equip.
2,720
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
331.9
265.9
81.8
178.2
5.9
87.9
183.9
65.9 17
206.5 18
1 Personal incone
2 - Personal taxes and nontaxes
3
4
5
6
7
8
=
=
♦
♦
*
9 3 Het saving
10 ♦ Capital consunption
11 3 Gross saving
17 Met financial investment
Met acg. of financial assets
18
36,285 79,402
58,742 105,878
62,190
98,422
70,920
94,167
26,313 S9,504
74,898 109,291
58.1
132-5
73.2
127.0
102. 1
156.7
66,149
60,710
12
13
14
15
16
19
Dep. + cr. akt. instr. <1)
37,696
66,474
45,784
76,633
115.5
107.7
127.2
151.0
160.6 19
20
21
22
23
24
Deposits
Checkable dep. * curr.
Snail tine ♦ svgs.dep.
Large tine deposits
Honey narket fund shrs
30,766
-435
14,153
6,924
10,124
51,896 52,037 48,465 33,690
7,487 11,517
12,426 15,297
25,034 65,193 105,238 34,204
-7,589 -11,440 -37,964
3,649
22,025 -17,013 -26,296 -15,680
60,198
13,123
31,224
17,476
-1,625
77.5
13.9
40.0
23.6
65.7
7.6
37.3
18.5
2.4
91.5
6.9
97.0
-13.6
1.3
123.2
15.7
116.2
-8.7
•
127.8
20.0
95.1
12.4
.2
20
21
22
23
24
25
26
27
28
29
30
Credit nkt. instrunents
O.S. Govt, securities
St.+local obligations
Corporate + fgn. bonds
Hortgages
Cpen-narket paper
6,930
-7,397
12,904
-8,098
4,736
4,785
14,578
8,709
7,065
3,083
4,065
-8,344
14,112
7,872
7,632
1,505
1,858
-4,755
12,245
10,352
4,166
-3,318
-834
1,879
12,094
-4,850
20,009
-4,359
-919
2,213
16,435
17,420
4,820
255
-1,118
-4,942
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
32.9
19.7
-1.5
-3.2
8.1
9.8
25
26
27
28
29
30
31
32
Hutual fund shares
Other corporate eguities
2,259
-684
6,222
-5,072
5,822
-5,211
11,630
-7,305
7,773
-2,201
5,947
-2,760
-.2
-5.5
.9
-1.6
-.3
-3.5
-2.4
-2.2
.9 31
-4.4 32
33
34
Life insurance reserves
Pension fund reserves
3,477
25,375
3,645
33,988
3,704
28,254
3,756
28,356
3,828
30,028
3,879
39,381
7.6
25.4
6.7
29.6
8.7
34.9
8.4
44.0
11.5 33
55.9 34
35
36
37
Met inv. in noncorp. bus.
Security credit
Hiscellaneous assets
-11,064
-6
1,689
-3,001
1,904
1,718
-3,955
1,935
1,724
-5,522 -13,073 -15,821
801
996
331
1,741
1,763
1,701
-12-8
-.2
2.8
-18.0
-1.0
2.7
-14.5
.6
3.8
-21.8
1.5
5.5
-23.9 35
-1.0 36
6.9 37
38
39
40
41
42
43
44
45
Met increase in liabilities
Credit narket instrunents
Hone nortgages
ether mortgages
Installaent coos, credit
Other consuner credit
Bank leans n.e.c.
ether loans
22,457
20,448
7,592
675
6,038
1,606
2,293
2,244
26,476
24,913
15,054
681
5,166
1,173
536
2,303
36,232
31,053
16,267
654
7,329
2,961
2,909
933
23,247
17,641
23,493
631
-2,230
-421
-4,509
677
48,585
37,717
21,996
614
10,444
2,391
1,217
1,055
49,787
48,933
33,394
634
14,592
2,550
-3,275
1,038
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
96.0
89.5
61.4
.8
21.5
3.9
1,246
582
181
830
582
151
4,376
617
186
2,252
3,148
206
7,476
3,173
219
2,432
-1,824
246
-4.3
.6
.4
-1.8
1.0
.7
.7
1.1
.7
4.8
1.2
.6
1.3 46
1.2 47
.9 48
-16,373 -30,383 -15,663 -43,153 -14,262 -13,031
.4
-1.8
-16.8
-24.6
-19.1 49
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
81.8
3.9
77.9
28.6
90.8
-37.6
46
47
48
Security credit
Trade debt
Hiscellaneous
49 Discrepancy
♦
1.8
140.6
137.3
90.8
1. 1
37.0
3.2
2.8
2.3
38
39
40
41
42
43
44
45
(1) Excludes corporate equities.
Henoranda:
50
51
52
S3
54
55
Met physical investnent:
(A) Residential construction
Expenditures
Mobile hones
Other
- Capital ccnsunptioa
- Hone aortgages
- Excess net investnent
15,078
1,269
13,809
12,474
7,592
-4,988
17,991
1,168
16,823
12,749
15,054
-9.812
22,612 25,120 20,585 27,470
1,409
1,486
1,507
1,181
21,431 23,711 19,099 25,963
13,247 13,678 14,041 14,506
16,267 23,493 21,996 33,394
-6,902 -12,051 -15,452 -20,430
56
57
58
<B) Consuaer durables
Expenditures
- Capital consuaption
- Met investnent
62,581
51,520
11,061
58,961
52.573
6,388
69,091
54,133
14,958
58,390
55,534
2,856
71,892
56,775
15,117
68,503
58,256
10,247
123.3
82-9
40.4
121.5
93.1
28.4
132.2
105.7
26.5
156.8
116.9
40.0
178.2 56
128.6 57
49.6 58
40.2 59
9.4 60
50
51
52
53
54
55
59
60
- Consuner credit
3 Excess net investnent
7,644
3,417
6,339
49
10,290
4,668
-2,651
5,507
12,835
2,282
17,142
-6,895
24.3
16.2
9.9
18.5
9.6
16.9
25.4
14.5
61
62
63
64
(C) Monprofit plant and eguip.
Expenditures
- Capital consunption
- Nonprofit aortgages
3 Excess net investnent
2,720
2,050
675
-5
2,771
2,096
681
-6
2,780
2,167
654
-41
2,800
2,230
631
-61
2,829
2,285
614
-70
2,844
2,352
634
-142
5.4
3-3
1.1
1.1
5.4
3.9
1.1
.4
5.2
4.4
1.0
-.2
5.7
4.5
.8
.4
17,735
2,317
15,765
6,576
14,022
7,647
15,385
5,480
15,930
876
14,652
6,275
14.1
8.6
14.6
8.5
13.4
8.6
14. 1
6.9
14.7 65
5.9 66
5.9
4.8
1.1
*
61
62
63
64
Per cent ratios:
65 Effective tax rate
66 Saving rate, MIA basis
Per cent of disposable incone adj. (2):
67 Gross saving
18,799
22,551
23,611
20,723
18,522
23,451
25-4
24.1
24.1
23.6
23.4 67
68
69
70
71
15,066
11,010
4,209
3,832
13,965
18,546
4,637
4,364
15,820
16,480
6,066
5,199
15,678
17,106
4,223
3,204
16,442
12,921
8,382
6,507
15,950
17,641
8,036
7,898
19.1
14.3
8.0
8.4
17.0
12.6
5.3
5.3
16.5
14.1
4.9
4.7
18.4
15.2
7.9
7.4
19.9
15.4
10.5
10.3
533,491 570,869 597,211 550,484 579,618 619,527
72 (2) Disposable incone adj.
(MIA disposable incone * govt, insurance credits ♦ capital gains divid.)
927.2
1011.4
1111.4
1212.5
Capital expenditures
Acquisition of finan. assets
Met increase in liabilities
Credit narket borrowing
III/83 BASED
OM PRELIMINARY AMD INCOMPLETE IMFORHATIOM
68
69
70
71
1337.2 72
NOVEMBER 23, 1983
Households
Households
7
Sector Stateaents of Saving and Investment
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1982
|
1978
1979
1980
1981
1982
1
II
1983
|
17
III
1
I
II
III
Households, Personal Trusts, and Nonprofit Organizations
1
2
1732.7
258.7
1951.2
301.0
21t>5. 3
336.5
2435.0
387.4
2578.6
402. 1
2563.2
404.2
2591.3
399.8
2632.0
404. 1
2657.7
401.8
2713.6
412.6
2763.2 Personal income
400.1 - Personal taxes and nontaxes
3
4
5
6
7
8
1474.0
138 4.6
89.4
27.9
.7
56.7
1650.2
1553.5
96.7
2 4.4
.9
52.5
1828.9
1718.7
110.2
35-3
1.8
32.8
2047.6
1912. 4
135.3
41.0
2.7
39.7
2176.5
2051. 1
125.4
47.2
2.4
35.3
2159.0
2031.9
127. 1
48.0
2.2
36.9
2191.5
2068.4
123.0
42.8
1.5
33.1
2227.8
2107.0
120.8
52-3
2. 1
35.5
2255.9
2134.2
121.7
56.4
2. 1
36.4
2301.0
2209.5
91.5
60.1
3.1
50.6
2363.1
2247.6
115.5
54.3
3.0
51.5
9
10
11
174.7
182.5
357.2
174.5
206.4
380.9
180.0
233.2
413.3
218.7
252.5
471.2
210.2
268.4
478.6
214.2
264.2
478.4
200.5
269.7
470.2
210.8
278.2
489.0
216.7
285.8
502.4
205.3
292.4
497.7
224.2 = Net saving
300.5 ♦ Capital consumption
524.7 « Gross saving
9
10
11
12
13
14
15
16
378.3
306.1
99.2
200.2
6.6
409. 1
331.6
110.9
213-4
7.3
469.8
320.0
96.7
214.7
8.6
539.7
342.5
96.6
236. 1
9.8
575.3
332.4
77.0
244.5
10.9
536.7
332.2
78.4
242.9
10.9
604.4
329.7
75.2
243.4
11. 1
611.3
343.6
80.4
252-1
11.1
606.6
356.9
87.2
258.5
11.2
548.0
390.8
101.8
277.7
11.3
592.8 Gross investment
410.7
Capital expend, net of sales
Residential construction
114.8
284.5
Consumer durable goods
11.4
Nonprofit plant and equip.
12
13
14
15
16
17
18
72.2
245.5
77.5
257.9
149.8
277.4
197.2
320.6
242-9
335.6
204.6
312-6
274.7
359.4
267.7
382- 1
249.7
389.6
157.2
362.8
182.1 Net financial investment
17
354.3
Net acq. of financial assets 18
=
=
♦
+
*
Disposable personal income
Personal outlays
Personal saving, NIA basis
Credits from govt, insurance
Capital gains dividends
Net durables in consumption
1
2
3
4
5
6
7
8
19
191.0
224.7
217.6
273.3
225.6
195.3
250.6
243.5
243.9
217.1
277.6
(1,
19
20
21
22
23
24
129-6
22.4
6 6.1
34.2
6.9
134.8
21.8
59.8
1 8.8
3 4.4
158.5
3.7
83.4
42.2
29.2
199.4
25.7
47- 1
19.2
107.5
168.2
22.9
135.5
-15.0
24.7
139.0
.5
86.8
11. 1
40. 5
194.9
19.8
127.6
-40.6
88. 1
160.3
45.0
225.2
-41.9
-68. 1
242.9
75-3
398.6
-125.8
-105.2
151.1
50.6
171.8
-8.5
-62.7
228.5
17.0
158.0
60.0
-6.5
Deposits
Checkable dep. ♦ curr.
Small tine + svgs.dep.
Large time deposits
Money market fund shrs
20
21
22
23
24
25
26
27
28
29
30
61.3
29.5
4.1
-1.8
14.2
15.4
89.9
45.7
10-4
5.7
2 0. 0
8.2
59. 1
32.6
7.0
.6
22.2
-3.2
73.9
48.7
9.4
-8.9
23. 1
1.7
57.4
29.8
29.9
-9.4
15.3
-8.2
56. 3
22.5
41.6
-30.3
21.6
.9
55.7
10.7
27. 1
10.9
18.2
-11.2
83.2
45-5
36.3
3.8
8.4
-10.9
1.0
.1
22.0
-10.9
-4.8
-5.5
66.0
27.9
68.9
-14.5
-3.5
-12.7
49. 1
31.3
18.7
-1.1
-4.1
4.3
Credit mkt. instruaents
U.S. Govt, securities
St.*local obligations
Corporate ♦ fgn. bonds
Mortgages
Open-market paper
25
26
27
28
29
30
31
32
-. 1
-5.0
.1
-15.3
5.2
-5. 1
6.8
-38.5
18.6
-15.1
12.2
*
26.2
-25.8
21.8
— 11.8
42.7
-35. 1
34.9
-6.2
25.3
-17.5
Mutual fund shares
Other corporate equities
31
32
33
34
12-0
61.8
12.5
55.6
11.5
78-2
10. 1
91.7
14. 1
106.3
13. 9
106.6
14.6
105.0
14.8
122.4
15.0
130-9
15.3
125.3
15.5
124.3
Life insurance reserves
Pension fund reserves
33
34
35
36
37
-23.3
2.5
6.6
-28.8
1.8
7.2
-40.8
5.2
5.6
-26.9
-2. 1
6. 1
-23.9
3.3
6.8
-22. 1
♦
6.8
-25.7
7.6
6.9
-23.2
7.7
6.9
-18.0
3.2
7.0
-34.6
4.0
7. 1
-79.1
1.3
6.8
Net inv. in noncorp. bus.
Security credit
Miscellaneous assets
35
36
37
38
39
40
41
42
43
44
45
173.2
169.4
111.5
1.3
43.1
5.7
4. 1
3.8
180.4
17 6.4
12 1.2
1.5
38.4
7. 1
1.9
6.4
127.5
117.5
98.3
1.9
1.4
3.4
3.6
8.8
123.4
120.6
78.8
2.3
18.2
5.9
4.3
11. 1
92.7
86.3
55.8
2.6
13. 1
5.2
2.4
7.2
108. 1
100. 0
47. 6
2.7
21.7
14.2
4.9
9.0
84.7
7 8.4
55.0
2.7
9.2
2.0
-4
9.2
114.4
93.7
57.7
2-6
17.0
6.5
6.0
3.7
139.9
117.4
89.1
2-5
24.2
3.9
-5.0
2.7
205.6
162. 1
106.3
2.5
37.5
12.0
-.3
4.2
172.3
168.8
127.8
2.5
42.4
6.7
-14.7
4.2
Net increase in liabilities
Credit aarket instruaents
Hone nortgages
Other mortgages
Installnent cons, credit
Other consuner credit
Bank loans n.e.c.
Other loans
38
39
40
41
42
43
44
45
46
47
48
1.2
1-5
1.1
1. 0
1.7
1.3
6.5
2- 3
1. 2
-1.6
2.7
1.8
3.3
2.4
.8
5.0
2.3
.7
3.3
2.3
.6
17.5
2-5
.7
9.0
12.6
.8
29.9
12.7
.9
9.7
-7.3
1.0
49
-21.2
-28.2
-56. 5
-68. 4
-96.7
-58.4
-134.3
-122.3
-104.2
-50.2
Dep. * cr. nkt. instr.
46
47
48
Security credit
Trade debt
Miscellaneous
-68.1 Discrepancy
49
(1) Excludes corporate eguities.
Memoranda:
Net physical investment:
Residential construction
Expenditures
Mobile homes
Other
- Capital consumption
- Hone mortgages
= Excess net investnent
50
51
52
53
54
55
99.2
4.5
94.7
J3-5
111.5
-45.7
110.9
5.0
10 5.9
39. 1
121.2
-4 9.4
96.7
4.5
92.2
44. 1
98.3
-45.7
96.6
4.9
91.7
4 8.3
78.8
-30.5
77.0
4.8
72.2
50.9
55.8
-29.6
78.4
5. 1
73.3
49.9
47.6
-19. 1
75.2
4.7
70.6
51.0
55.0
-30.8
80.4
4.7
75.7
53.0
57.7
-30.3
87.2
5.6
81.5
54.7
89.1
-56.7
101.8
5.9
95.8
56.2
106.3
-60.7
(A)
114.8
6.0
108-8
58.0
127.8
-71.0
56
57
58
200.2
143.5
56.7
213.4
160.9
52. 5
z14. 7
182.0
32-8
236. 1
196.4
39.7
244.5
209.2
35.3
242.9
206. 1
36.9
243.4
210.3
33. 1
252.1
216.5
35.5
258.5
222.1
36.4
277.7
227.1
50.6
(B) Consuaer durables
284.5
Expenditures
233.0
- Capital consumption
51.5
= Net investment
59
60
48.8
7.9
4 5.4
7. 1
4.9
27.9
24. 1
15.6
18.3
16.9
35.9
1.0
11.1
21.9
23-6
12.0
28. 1
8.3
49.5
1. 1
49. 1
2.4
- Consumer credit
= Excess net investment
59
60
61
62
63
64
6.6
5.5
1.3
-. 1
7., 3
6.3
1.5
-.6
8.6
7.2
1.9
-.6
9.8
7.8
2. 3
-. 4
10.9
8-3
2.6
-. 1
10.9
8-2
2.7
*
11. 1
8.4
2.7
♦
11. 1
8.7
2.6
-.2
11.2
8.9
2.5
-.2
11.3
9. 1
2.5
-.3
<C) Nonprofit plant and equip.
1 1.4
Expenditures
9.4
- Capital consumption
- Nonprofit mortgages
2.5
= Excess net investnent
-.6
61
62
63
64
65
66
14.9
6. 1
1 5.4
5.9
15.5
6.0
15.9
6.6
15.6
5.8
15.8
5.9
15.4
5.6
15.4
5-4
15.1
5.4
15.2
4.0
14.5 Effective tax rate
4.9 Saving rate, NIA basis
67
23.8
22.7
22. 1
22-5
21.5
21.7
21.0
21.4
21.7
21.1
21.7 Gross saving
67
68
69
70
71
20.4
16.3
11.5
1 1.3
19.8
15.4
10.8
10.5
17. 1
14.9
6.8
6.3
16.4
15-3
5.9
5.8
14.9
15. 1
4.2
3.9
15.0
14-2
4.9
4.5
14.7
16.1
3.8
3.5
15. 1
16.7
5.0
4. 1
15.4
16.8
6.0
5.1
16.5
15.3
8.7
6.9
17.0
14.6
7.1
7.0
68
69
70
71
12
1502.6
1675.5
1865-9
2091.3
2226.0
50
51
52
53
54
55
56
57
58
Per cent ratios:
Per cent of: disposable income adj.
BILLIONS OF DOLLARS
65
66
(2):
Capital expenditures
Acquisition of finan. assets
Net increase in liabilities
Credit aarket borroving
2209.2 2235.8 2282.3 2314.5 2364.2 2420.4 (2) Disposable income adj.
72
(NIA disposable income + govt- insurance credits ♦ capital gains divid.)
111/83 BASED ON INCOMPLETE INFORMATION.
NOVEMBER 23, 1983
Total and Noncorporate Easiness
Total and Noncorporate Business
Sector Stateaents of Saving and Investnent
UNADJUSTED NET FLOWS{$ BILL)
UNADJUSTED NET FLOWS($ HILL)
II
1982
III
IV
I
1
I
1983
II
1 Incoae before taxes
2 Gross saving
69,592
86,368
68,406
80,283
66,874
78,320
3 Gross investnent
76,575
67,870
55,254
74,390
91,333
92,606
83,789
5,815
3,002
-2,584
1,311
83,772 66,082
82,422 80,829
76,558 79,013
-505
3,701
2,163
2,321
547 -18,170
803
3,423
66,079
72,837
72,955
-3,641
3,523
-7,441
683
-14,758 -15,902 -10,828
11 Net financial investaent
6,561
3,105 19,725
12
Net acg. of financial assets
13
17,863 35,627 17,389
Net increase in liabilities
14
3,784
-265
Corporate eguities
8,145
42,570 30,890 10,327
15
Credit aarket instrunents
10,238
12,019
16
Bonds
6,355
4,334
12,461
Mortgages
5,773
17
6,084
Bank loans n.e.c.
17,535 14,755
18
124 -12,110
19
6,219
Other loans
8,311
15,254
6,943
7,794
9,941
5,899
3,665
-1,433
1,810
4 Capital expenditures
5
Fixed investaent
6
Business plant * eguipaent
7
Hoae construction (1)
Multi-fanily residential
8
Change in inventories
9
Mineral rts. fron U.S. Govt.
10
20
21
Trade debt
ether liabilities
22 Discrepancy
-7,761
-20,730
4,052
950
-133
-950
9,793
12,413
23,066
79,073
95,275
1973
III
Nonfinancial
BILLIONS OF DOLLARS
1974
1975
1976
85,130
92,320
200-7
117.9
206.8
115.3
208.9
154. 1
241.4
171.5
83,917
82,356
117.3
115. 1
148. 1
93,280
92,277
79,565
8,966
3,726
-3,595
4,598
93,044
86,679
77,659
4,966
4,054
4,578
1,787
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
-9,363 -10,688
15,726 28,207
25,089 38,895
11,321
4,196
31,469 34,599
3,396
9,126
17,731
16,142
9,036
1,391
6,025
3,221
-54.4
73.7
128. 1
7.9
88.5
11.0
32.8
33.6
11.1
-61.7
54.5
116.2
4. 1
94. 1
21.3
25.4
31.2
16.2
-8,408 -1,665 10,327
-2,384 -16,036 -10,227
39.4
-7.7
9,964
67,403
80,819
6,429
11,358
1977
Business - Total
276.6
198.8
1
2
162.3
182.2
3
187.8
172.0
161.1
4.2
6.6
11.8
4.0
230.0 4
204.5 5
190.6 6
5.5 7
8.4 8
23.0 9
2.5 10
-.9
44.3
45.2
9.9
41.8
29.8
16.0
-9.2
5.2
-25.4
58.3
83.7
10.5
69. 8
25.3
22.9
4.6
17.0
-47.7
67.4
115.2
2.7
110.0
29.5
34.4
24.3
21.7
30. 1
-12.2
7.9
-14.3
13.3
-9.9
24.2 20
-21.7 21
.5
.2
6.0
9.2
16.5 22
11
12
13
14
15
16
17
18
19
Farn Business
1 Net incoae
4,209
3,951
6,504
5,542
5,240
4,450
32.8
26. 5
24.6
19. 1
19. 1
1
2 Net saving
3 Capital consuaption
4
Corporate
Noncorporate
5
6 Current surplus = gross saving
-12
5,415
662
4,753
5,403
-15
5,502
680
4,822
5,487
15
5,635
689
4,946
5,650
-19
5,606
689
4,917
5,587
4
5,646
690
4,956
5,650
45
5,693
697
4,996
5,738
.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
-.3
12.6
1.4
11.2
12.3
2
3
4
5
6
7 Gross investnent
8 Capital expenditures
Plant and eguipment
9
Residential construction
10
Change in inventories
11
5,403
3,805
3,958
438
-591
5,487
3,632
3,943
332
-643
5,650
4,123
4,215
579
-671
5,587
3,981
3,768
314
-101
5,650
3,490
4,171
369
-1,050
5,738
1,769
3,873
421
-2,525
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
12.9
13.8
1.1
-2.0
12.3 7
17.8 8
15.2 9
1.5 10
1. 1 11
12 Net financial investment
13
Net acg. of financial assets
14
Deaand deposits ♦ currency
15
Miscellaneous assets
16
Insurance receivanles
17
Eg. in spons. ags. (2)
1,598
348
32
316
325
-9
1,855
443
33
410
331
79
1,527
504
34
470
325
145
1,606
374
35
339
324
15
2,160
370
36
334
322
12
3,969
381
37
344
319
25
-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
-5.6
1.8
.1
1.7
1.5
.2
12
13
14
15
16
17
18
19
20
21
22
23
24
Net increase m liabilities
Credit market instruments
Mortgages
Bank loans n.e.c.
ether loans
U.S. Government
Fed. Int. Credit Banks
-1,250
6,587
1,567
2,488
2,532
922
1,630
-1,412
2,924
932
1,235
757
367
390
--1,023
--2,164
485
-872
-1,777
233
--2,010
-1,232
-808
127
31Q
-1,245
-255
-990
-1,790
4,286
76 7
2,071
1,448
578
870
-3,588
2,229
1,245
1,284
-300
-280
-20
6.3
9.9
5.5
2.9
1.5
.4
1.1
2.4
7.8
5.0
1. 1
1-7
.1
1.7
8. 1
8.5
4.6
2.0
1.9
.8
1.1
3.2
10.2
5.7
3.0
1.5
.1
1.3
7.4
12.3
7. 1
2.5
2.7
1. 3
1.4
18
19
20
21
22
23
24
25
26
Trade debt
Proprietor net investment
-220
-7,617
78
-4,414
-118
1,259
161
-585
91
-6,167
236
-6,053
.1
-3.7
-2
-5.7
.5
-.8
.8
-7.8
.9 25
-5.8 26
Nonfarm Noncorporate Business
1 Net income
2 Gross svg.=capital ccnsuap.
29,828
14,690
30,060
14,955
31,001
14,775
33,495
14,818
35,553
14,597
36,535
15,496
72.6
18.4
75.2
21.3
77.6
24.2
87.8
26.2
101.5
29. 1
1
2
3 Gross investment
4 Capital expenditures
5
Fixed capital
Plant and eguipment
6
Hoae construction (1)
7
Multi-fanily residential
8
Change in inventories
9
14,690
21,973
20,973
15,886
2,689
2,398
1,000
14,955
19,416
18,862
15,679
1,685
1,498
554
14,775
14,231
16,108
14,956
-542
1,694
-1,877
14,818
14,820
15,752
14,737
-1,978
2,993
-932
14,597
21,079
20,755
13,557
4,309
2,889
324
15,496
19,766
18,551
13,282
2,273
2,996
1,215
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
29. 1
37. 1
35. 1
26.3
2.0
6.8
2.0
3
4
5
6
7
8
9
-7,283
905
438
467
501
-34
-4,461
771
253
518
504
14
544
1,577
1,046
531
516
15
-2
901
366
535
525
10
-6,482
1,208
708
500
534
-34
-4,270
1,198
645
553
544
9
-18.7
2.4
1.4
1.0
1.0
*
-7.4
1.8
.7
1.0
1.0
♦
2.2
2. 1
.8
1.3
1.2
*
-.4
3.3
1.2
2. 1
2. 1
.1
-7.9
3. 1
.6
2.6
2.5
*
10
11
12
13
14
15
16
8,188
12,596
8,S28
2,151
434
6,243
5,232
4,934
3,994
1,348
-621
3,267
1,033
6,879
4,418
-434
5
4,847
903
6,322
4,903
-1,582
980
5,505
7,690
14,767
13,796
3,447
2,516
7>833
5,468
15,148
13,177
1,818
2,018
9,341
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
11. 1
28.0
23.8
1.6
5. 1
17. 1
17
18
19
20
21
22
3,008
760
1,179
-239
742
1,719
783
636
512
459
117
1,854
1.1
3.2
-1.0
1.8
-2.0
2.0
-3.6
4.3
.9 23
3. 3 24
-961
-3,447
-1,115
1,413
-632
-5,214
-482
-4,937
-171
-6,906
88
-9,768
-4
-9.2
1-3
-12.3
1. 1
-13.7
2.2
-14.0
1.2 25
-18. 1 26
10 Net financial investment
11
Net acg- of financial assets
12
Demand deposits ♦ currency
13
Consuaer credit
14
Miscellaneous assets
Insurance receivables
15
Eguity in spons.ags. (2)
16
17
18
19
20
21
22
23
24
25
26
Net increase in liabilities
Credit aarket instruments
Mortgages
Hoae mortgages
Multi-family
Commercial
Bank loans n.e.c.
Other loans
Trade debt, net
Proprietor net investment
(1) Farn plus nonfarn change in work in process.
(2) Shares in FICB’s, Banks for Coops, and Federal Land Banks.
111/83 BASED CN PRELIMINARY AND INCOMPLETE INFORMATION
♦
MOVEMBEB 23, 1983
Total and Noncorporate Easiness
Total and Noncorporate Business
9
Sector Statenents of Saving and Investnent
SEASONALLT ADJUSTED ANNUAL BATES
SEASONALLI ADJUSTED ANNUAL SATES
1978
1979
1980
1981
J
1
1982
Nonfinancial
1
2
314.6
223.4
34 3.6
243.9
317.9
253.8
330.8
303.3
272.5
321.1
II
1982
III
IV
1
|
I
1983
II
III
Business - Total
272. 7
320.5
270.4
325.8
267.9
326.0
275.8
332.3
312.2
351.3
337.6 Incone before taxes
376. 1 Gross saving
1
2
3
3
199.5
244.9
240.7
261.7
263.4
270.0
268.9
273.5
285.1
293.7
326.8 Gross investnent
4
5
b
1
8
9
10
271.2
242.7
230.7
2.6
9„4
26.5
2.0
295.9
27 6.9
269.2
.2
7.5
14.3
4.7
287.9
292.7
286.5
—.2
6.4
-9.8
5.0
357.5
334.2
326.5
-2.3
10.0
18.5
4.8
317.2
333.9
320.3
2.6
11.0
-24.5
7.8
331.6
337.6
325.0
2.4
10.2
-11.2
5.2
324.9
326.6
314.0
3.3
9.3
-4.9
3.2
281.6
324.3
308.1
5.8
10.5
-56.4
13.7
290.0
326.6
302.6
11.8
12.3
-39.4
2.7
336.5
332.6
306. 1
13.5
13.0
-14.5
18.4
4
359.6 Capital expenditures
5
Fixed investnent
34 3.8
Business plant + equipnent 6
318.8
7
Hoae construction (1)
8.2
16.7
Multi-fanily residential
8
9
8.7
Change in inventories
7.1
Hineral rts. froa U.S. Govt. 10
11
12
13
14
15
16
17
18
19
-71..6
9 8.5
170.1
-.1
127.6
28.8
37.4
33.3
28.1
-51.0
134.1
185.2
-7.8
151.7
27.3
4 0.8
49.3
3 4.3
-47.2
103.9
151. 1
12.9
126. 3
37.5
34.9
33. 1
20.7
-95.8
69.3
16 5. 1
-11.5
159.6
35.5
33.4
50.4
4 0.3
-53.8
25.3
79.1
11.4
111.5
34.0
24.6
52.0
.8
-61.6
49-5
111. 1
15. 1
123.0
23.3
28.6
63.5
7.5
-56.0
34.8
90.8
-1. 1
127.3
42.0
17.0
55.3
13.0
-8.2
26.5
34.7
32.6
52.7
44.6
24.6
15.8
-32.3
-4.9
80.9
85.8
31.2
70.4
28.3
35.5
13.5
-7.0
-42.8
93.8
136.6
45.3
77.4
34.9
48.0
-.6
-4.8
-32.8 Net financial investaent
62.7
Net acq. of financial assets
95.6
Net increase in liabilities
16.8
Corporate equities
140.0
Credit aarket instrunents
14.6
Bonds
59.3
Mortgages
30.3
Bank loans n.e.c.
35.9
Other loans
11
12
13
14
15
16
17
18
19
20
21
53.8
-11.1
55.6
-14.4
41.0
-28.8
28.7
-11.7
-14.0
-29.7
-5-9
-21. 2
-9.0
-26.5
-22.5
-28.0
-4.2
-11.6
20.1
-6.2
Trade debt
Other liabilities
20
21
22
23.8
-1.0
13. 3
41.6
57.7
50.5
56.9
52.5
47.2
57.6
49.3 Discrepancy
12.3
-73.6
22
Farn Business
1
26.3
31.9
21.8
30.5
21.5
16.8
15.8
26.0
22.2
21.0
17.8 Net incoae
1
2
3
4
5
6
.2
14.2
1.6
12.6
14.4
.1
16.3
1.9
14.4
16.4
-.5
18.6
2.2
16.4
18. 1
-.4
20.7
2.5
18.2
20.3
*
21.9
2.7
19.2
21.9
*
21.7
2.6
19.0
21.6
-.1
22.0
2.7
19.3
21.9
.1
22.5
2.8
19.8
22.6
-. 1
22.4
2.8
19.7
22.3
*
22.6
2.8
19.8
22.6
.2 Net saving
22.8 Capital consumption
2.8
Corporate
20.0
Noncorporate
23.0 Current surplus = gross saving
2
3
4
5
6
7
8
9
10
11
14.4
20.4
17.6
1.7
1. 1
16.4
27.2
19.9
1.7
5.7
18. 1
15.2
18.7
3.8
-5.3
20.3
27.2
18.4
1.3
7.6
21.9
16. 1
16.0
1.5
-1.4
21.6
15.1
15-8
1.6
-2-4
21.9
14.5
15.8
1.3
-2.6
22.6
16.5
16.9
2.3
-2.7
22.3
15-9
15.1
1.3
-.4
22-6
14.0
16.7
1.5
-4.2
12
13
14
15
16
17
-5.9
2.1
.1
2.0
1.7
.3
-10.8
2.1
.1
1.9
1.5
.4
3.0
2.0
- 1
1-9
1.3
.6
-6.9
1.9
. 1
1.7
1. 1
.6
5.8
1.8
.1
1.7
1.3
.4
6-5
1.4
. 1
1. 3
1.3
7.5
1.8
- 1
1.6
1.3
.3
6. 1
2.0
.1
1.9
1.3
.6
6.4
1.5
.1
1.4
1-3
.1
8.6
1.5
-1
1.3
1.3
18
19
20
21
22
23
24
8.0
14.6
7.2
2.5
5.0
3.5
1.5
12.9
2 1.4
1 1.8
2.8
6.7
3.4
3-3
-1.0
14.4
9.3
.5
4.5
2.6
1.9
8.8
16.3
9.7
1.4
5.2
3.4
1.8
-4.0
9.0
5.2
3.2
.6
1.5
-.8
-5. 1
10-5
4.5
4.8
1.2
-3
.9
-5.7
10.8
4.5
3.7
2.6
2.6
*
-4. 1
7.3
4.4
.3
2.6
4.2
-1.5
-4.9
-2.9
-1.0
3.8
-S.8
-2.3
-3.5
-7. 1
.8
1.5
2.8
-3.5
-1. 1
-2.4
-14.4
7.9
5.7
3.8
-1.7
.2
-1.9
25
26
1.6
-8.3
1.2
-9.6
1.0
-16.4
1. 1
-8.6
-.6
-12.4
-.9
-14.7
-3
-16.8
-.5
-11.0
.6
-2.6
.4
-8.3
.9
-23.2
♦
23.0 Gross investaent
7.0 Capital expenditures
15.5
Plant and eguipaent
1.7
Besidential construction
Change in inventories
-10.1
7
8
9
10
11
15-9 Net financial investaent
1.5
Net acq. of financial assets
Demand deposits ♦ currency
.1
1.4
Miscellaneous assets
Insurance receivables
1.3
.1
Eg. in spons. ags. (2)
12
13
14
15
16
17
Net increase in liabilities
Credit market instruaents
Mortgages
Bank loans n.e.c.
Other loans
U.S. Governaent
Fed. Int. Credit Banks
18
19
20
21
22
23
24
Trade debt
Proprietor net investment
25
26
Nonfarn Noncorporate Business
1
2
110.8
33.2
120.8
38.7
118.7
46-2
117.7
52-3
119.6
58.7
119-3
58.8
120.2
59.8
124.0
59. 1
134.0
59.3
142.2
58.4
3
4
5
6
7
8
9
33.2
49.2
47.2
39.4
.4
7.3
2.0
38.7
49.3
4 9.6
4 5.5
-.8
4.9
-.4
46. 2
51.6
52. 9
50.0
-1.0
3.9
-1.3
52.3
68.7
67.5
61.9
-1.8
7.4
1.2
58.7
69.8
71.7
62.5
-5
8.7
-1.8
58-8
74.4
71.9
63.5
.4
8.0
2-4
59.8
70-3
70-7
62.7
1.0
7.0
-.5
59. 1
65.0
69.6
59.8
1.7
8.0
-4.6
59.3
71.7
73.7
58.9
5.3
9.4
-1.9
58.4
69.6
70.2
54.2
6.0
9.9
-.6
10
11
12
13
14
15
16
-16.0
4.4
1.4
3.0
2.9
.1
-10.6
4.8
1.8
3.0
2.9
. 1
-5.4
3.0
.4
2-6
2.5
. 1
-16.4
4.8
2.6
2. 1
2. 1
. 1
-11.2
3.8
1.7
2. 1
2.0
*
-15.6
10.9
9. 1
1.9
2.0
-. 1
-10.5
2.7
.6
2. 1
2.0
.1
-5.9
2.7
.5
2- 1
2. 1
. 1
-12.4
5.5
3.4
.
2.1
2.1
V
-11.2
6.5
4.5
2.0
2. 1
-. 1
17
18
19
20
21
22
20.4
32.4
26. 1
.4
6.5
19.3
15.4
34.4
27.6
-.6
5.4
2 2.8
8.5
33.7
23.5
-.8
5.8
18.4
21.2
3 9.6
25.2
-1. 4
3-0
23.6
15.0
29.8
19.6
-4
.8
18.4
26.5
37.8
24.0
.3
1-7
21.9
13.2
26.5
13.9
.8
-2.5
15.6
8.5
23.3
19.5
1.4
»
18. 1
18.0
35.3
31.4
4.2
3.9
23.2
23
24
.3
6.0
.6
6.1
3.4
6.8
6. 2
8.3
7.3
2.8
9.3
4.5
6.8
5.8
3.3
-4
25
26
3. 1
-15. 1
.1
-19.1
-.9
-24.4
-.2
-18.3
-3.3
-11.5
-3.8
-7.4
-4.5
-8.9
-2.5
-12.2
BILLIONS OF DOLLABS.
146. 1 Net incoae
62.0 Gross svg.=capital consuap.
62.0 Gross investment
71. 1 Capital expenditures
6 9-3
Fixed capital
53. 1
Plant and equipment
Home construction (1)
3.3
12.9
Multi-family residential
1.7
Change in inventories
3
4
5
6
7
8
9
-9. 1 Net financial investaent
Net acq. of financial assets
4.3
Demand deposits ♦ currency
2.1
Consuaer credit
Miscellaneous
assets
2.2
Insurance receivables
2.2
V
Equity in spons.ags. (2)
10
11
12
13
14
15
16
17.8
44.8
42.6
4.8
10.1
27.7
13.4
68.9
51.5
2.6
8.1
40.8
17
18
19
20
21
22
3.8
-1
-1.5
3.7
2.8
14-6
-1.9
-15.4
-.7
-26.3
.4
-55.9
Net increase in liabilities
Credit market instruments
Hortgages
Home mortgages
Multi-family
Commercial
Bank loans n.e.c.
Other loans
Trade debt, net
Proprietor net investment
(1)
Fara plus nonfarn change in work in process.
(2)
Shares in FICB»s , Banks for Coops , and Federal Land Banks.
111/83 BASED ON INCOMPLETE INFOBHATION.
1
2
23
24
25
26
NOVEMBER 23, 1983
nonfinancial Corporate Eusiness
nonfinancial Corporate Business
Sector Stateaents of Saving and investnent
UNADJUSTED HET FLOWS {$ Bill)
UNADJUSTED NET FLOWS(S MILL)
BILLIONS OF DOLLABS
III
II
-----
IV
1
III
II
1
1973
1974
1975
1976
1977
Nonfinancial Corporate Business, Excluding Farms
— —————— ——
-
35,555
11,668
16,669
11,670
34,395
10,644
16,794
5,291
29,369
7,981
20,681
-1,971
28,366
10,516
17,828
-135
38,280
14,374
17,747
11,708
44,145
15,981
17,845
8,261
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
156. 1
59.4
42.0
54.7
1
2
3
4
Capital consunption adj.
Depreciation charges, NIPA
Earnings rec. fron abroad
O.S. internal funds, book
-408
51,437
3,610
66,309
511
52,395
2,348
60,545
1,619
53,098
4,721
57,467
3,960
53,141
2,355
59,321
6,778
53,477
2,297
74,260
9,693
54,211
2,149
74,314
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
-10.6
114.3
10.3
168.7
5
6
7
8
9 + Fgn. earnings ret. abroad
30 ♦ Inv. valuation adjustment
13 = Total internal funds + IVA
2,279
-2,313
66,275
1,021
-1,725
59,841
2,850
-2,422
57,895
2,469
-1,376
60,414
3,361
-2,593
75,028
938
-4,166
71,086
7.2
-20-0
91.7
6.7
-40.0
85.6
6.9
-11.6
119.7
6.0
-14.7
134.2
4.8 9
-16.2 10
157.4 11
12 Gross investment
13 Capital expenditures (1)
14
Fixed investnent
15
Plant and eguipnent
16
Hone construction
Multi-falily residential
17
Inventory change ♦ IVA
18
19
Mineral rts. fron U.S. Govt.
56,482
65,555
67,237
63,945
2,688
604
-2,993
1,311
47,428 34,829
60,724 47,728
59,285 59,927
56,936 59,842
1,684
-542
665
627
636 -15,622
3,423
803
53,985
47,278
53,003
54,450
-1,977
530
-6,408
683
63,670
68,711
66,982
61,837
4,308
837
-2,869
4,598
61,122
71,509
63,834
60,504
2,272
1,058
5,888
1,787
91.2
121.5
104.5
102.4
-.5
2.7
13.8
3.2
85.4
137.9
115.4
114.0
-.4
1.8
16.0
6.5
113.6
109.7
117.7
116.3
.9
.5
-9.3
1.3
125.0
148.3
131.5
129.0
1.6
.9
12.8
4.0
140.9
175. 1
152.7
149.2
2.0
1.5
19.9
2.5
20 Net financial investnent
21
Net acg. of financial assets
-9,073 -13,296 -12,899
4,480
1,852 18,511
6,707
13,979
-5,041 -10,387
14,148 26,628
-30.3
70.5
-52.5
52.2
3.9
41.2
-23.3
53.5
-34.2 20
62.5 21
1
2
3
4
Profits before tax
- Profit tax accruals
- Donestic net dividends
= Donestic undist. profits
5
6
7
8
+
♦
♦
-
22
23
24
25
26
Liquid assets
Denand dep. and currency
Tine deposits
Security BP’s
Foreign deposits
27
28
29
O.S. Govt, securities
State*local obligations
Conmercial paper
3.7
2.8
4.8
1.2
1. 3
12
13
14
15
16
17
18
19
5,028
258
-1,205
778
873
7,965
-874
4,340
-569
-996
14,471
5,480
2,799
3,687
-479
7,407
-4,721
2,000
3,608
2,930
8,752
2,395
1,076
110
761
7,882
-763
2,221
1,475
758
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
2.4
2. 1
2.3
1.7
-601
-111
5,036
5,086
163
815
2,502
171
311
3,219
350
21
5,875
155
-1,620
-240
117
4,314
-3.4
-. 1
.6
2.3
.6
4. 1
8.7
-.2
3. 1
2. 1
-1. 1
5.0
-6.4 27
* 28
-. 1 29
2,074
112
6,340 -16,577
4,094
4,512
51
1,082
-98 -1,646
1,697
1,180
-2,163
4,064
4,671
722
-678
1,400
654
710
4,032
1,039
-1,906
2,945
1,177
13,821
3,748
600
-900
1,500
1.5
38.8
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
18.7
18.3
11.6
3.9
7.7
1.2
36. 1
21.5
11.5
5. 1
6. 4
22
23
24
25
26
30
31
32
33
34
35
30
31
32
33
34
35
Consumer credit
Trade credit
Miscellaneous assets
Foreign dir. invest. (2)
Eguity, etcBetained earnings
412
-6,326
2,738
2,128
1,012
1,116
36
37
38
Insurance receivables
Eguity in sponsored ags.
Cther
659
-49
630
75
2,307
667
3,794
687
3
3,259
701
4
2,288
728
2,420
2.0
♦
5.2
2. 1
*
2.2
2.2
*
-1.4
3.4
♦
3.2
4.4 36
. 1 37
5. 5 38
10,925
27,171
3,784
31,807
22,767
-265
17,379
13,757
8,145
7,272
12,221
7,794
19,189
23,737
1 1,321
37,015
21,418
4,196
100.7
56.7
7.9
104.7
70.2
4. 1
37.3
30-8
9.9
76.8
54.7
10.5
96.7 39
72. 4 40
2.7 41
23,387
3,324
3,031
23,032
4,302
5,936
5,612
3,877
8,142
4,427
2,454
3,445
12,416
2,883
6,243
17,222
2,073
1,323
48.8
1.8
9.2
66. 1
1.6
19.7
20.9
2.6
27.2
44.2
2.5
22.8
69.7 42
6.7 43
22.9 44
2,066
2,151
208
-293
847
1,348
-246
-255
-569
-434
103
-2 38
-1,365
-1,582
423
-206
3,168
3,447
-97
-182
1,720
1,818
56
-154
1.8
-.4
2.5
-.2
.9
-.3
1.4
-.2
-1.1
-7
.3
-2. 1
2.4
1.2
1.2
-
3. 5
1.6
2. 0
-. 1
45
46
47
48
6,214
12,341
-2,015 -11,738
356
568
446 -1,482
819
600
-2,526
2,546
-1,386
1,290
-31
-1,192
- 1,614
-38
2,636
330
7,635
1,126
961
2,034
350
29.6
1.4
-9. 1
-2.9
.2
3.8
.2
5.2
1.4
1.3
8.4
.2
20.9
1.6
.6
13.5
*
49
50
4. 1
.3
31. 1
4. 1
1.3
5.8
1.5
1,316
5,089
2,635
2,784
-149
225
617
2,780
2,941
-161
1,084
-8,087
2,054
2,007
47
-4,454
-1,585
1,491
1,055
436
4,094
10,003
1,500
1,400
100
2.4
38.9
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
-1.5
22. 1
3.7
2. 1
1.6
54
55
56
57
58
12,413
23,066
6,429
11,358
9,964
.5
.2
6.0
9.2
16.5 59
1,251 -17,194
7,683
6,717
12,151
10,304
2,295
19,756
3,818
9,988
-. 1
37.5
3.6
41.5
-.5
42- 4
8.4
45.2
14. 0 60
59.9 61
4,534
-107
-7,110
12,294
122
-5,917
5,116
12,106
26,203
12.8
36.0
77.3
22.2
43.9
73.6
28.7
-7.9
-4.0
27.7
16.5
34.2
33. 1 62
36.6 63
57.2 64
39
40
41
42
43
44
Net increase in liabilities
Net funds raised in nkts.
Net new eguity issues
Debt instruments
Tax-exempt bonds (3)
Corporate bonds (2)
45
46
47
48
Mortgages
Hone nertgages
Multi-family
Commercial
49
50
51
52
53
Eank leans n.e.c.
Commercial paper
Acceptances
Finance company loans
U.S. Government loans
54
55
56
57
58
12,039
1,905
389
430
203
Profit taxes payable
-12,558
Trade debt
-6,580
2,892
Fgn.direct invest, in U.S.
Eguity, etc.
2,883
Betained earnings
9
59 Discrepancy
Memorandum items:
60 Trade credit net cf trade debt
61 Profits tax payments
Debt subtotals:
62 Securities and mortgages
63 Loans and short-term paper
64 lotal short-term liab- (4)
Per cent ratios:
65 Effective tax rate
66 Capital outlays/internal funds
67 Cr. mkt. borrowmg/cap. exp.
9,793
254
24,854
8,421
14,966
-4,172
11,085
11,947
18,352
11,450
-5,838
-4,996
.5
51
52
53
38.4
27,174 37,072 37,549 36,201
41.7
39.8
39.0
38.0 65
132.4
91.7
161.0
110.5
111.3 66
82,438 78,256 91,580 100,594
19.0
40.2
47.9
29.8
39.8 67
11,758
9,363 18,069 24,083
——------ - —------- ———---- ——------- —-- ---- — ------- - — ———
(1) Capital outlays cn book basis:
19.9 68
5,888
13.8
16.0
-9.3
12. 8
-2,993
636 -15,622 -6,408 -2,869
68 Inventory change, NIPA
-11.6
-20.0
-40.0
-14.7
-16.2 69
-2,313 -1,725 -2,422 -1,376 -2,593 -4, 166
69 Less: Inv. val. adjustment
33.7
-276 10,054
2.2
27.5
36. 1 70
55.9
2,361 -13,200 -5,032
-680
70 Inventory change before IVA
32,816 30,946
98,913 101,475
35,675 37,928
67,868 62,449
71 Total cap. expend, before IVA
66,309 60,545
72 D.S. internal funds, book
Financing gap: Excess of capital expenditures
1,904
73
over U.S. internal funds
1,559
48,654
59,321
71,304
74,260
75,675
74,314
141.4
104.4
177.8
118.9
121.3
124. 4
163.0
142.9
191.3 71
168.7 72
-7,317 -10,667
-2,956
1,361
37.0
59.0
-3.1
20. 1
22.5 73
50,150
57,467
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investnent is before subtracting reflows of
capital fron Netherlands Antilles subsidiaries* foreign financing.
(3) industrial revenue bonds. Issued by state and local governnents
to finance private investnent and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except nortgages), short-tern paper, profit taxes payable, and
trade debt. Includes loans due in more than one year and excludes
current maturities of securities and nortgages.
III/83 BASED ON PBELIMINABY AND INCOMPLETE INFORMATION
NOVEflBEB 23, 1983
Nonfinancial Corporate Eusiness
Nonfinancial Corporate Business
Sector Statenents of Saving and Investnent
SEASONALLY AOJUSTEO ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BA1ES
|
1978
1979
1980
1981
1982
1
1982
III
II
17
|
1
1983
I
II
III
Nonfinancial Corporate Business, Excluding Fares
1
2
3
4
177.5
66.6
48.0
62.8
190.9
68.9
54.7
67.3
177.4
66.7
61.7
49.0
182.6
65.3
67.6
49.7
131.4
41.3
71.1
19.0
136.5
43.7
70.0
22.9
134.4
42.1
71.6
20.7
117.9
33.6
72-6
11.6
119.6
41.9
73.9
3.8
149.0
55.1
74.5
19.4
173.7
64.0
76.1
33.4
Profits before tax
- Profit tax accruals
- Donestic net dividends
- Doaestic undist. profits
1
2
3
4
5
6
7
8
-12.1
129-2
10.5
190.5
-13.7
147.#
15.1
216.4
-14.3
167.8
16.2
220.7
-8.8
189.7
14.4
245.0
.8
207.3
14.2
241.3
-1.6
205.7
14.5
241. 5
2.0
209.6
13.3
245.7
6.5
212.4
13.6
244.1
15.8
212.6
10-8
243.0
27.1
213.9
9.2
269.6
38.8
216.8
13.1
302.1
♦
♦
+
=
Capital consunption adj.
Depreciation charges, NIPA
Earnings rec. fron abroad
U.S. internal funds, book
5
6
7
9
10
11
9.2
-24.0
175.7
15.5
-43. 1
188.8
11.7
-42.9
189.5
9.3
-23.6
230.6
7.6
-8.4
240.5
7.2
-8.5
240.2
7.4
-9.0
244.0
10-5
-10.3
244.3
9.4
-1.7
250.7
11.3
-10.6
270.3
7.6 ♦ Fgn. earnings ret. abroad
-18.6 ♦ Inv. valuation adjustnent
291.1 - Total internal funds * IVA
9
10
11
12
13
14
15
16
17
18
19
151.9
201.6
176.2
173.7
.4
2.0
23.4
2-0
189.8
219.4
205.7
203-9
-.8
2.6
9.0
4.7
176.4
221.2
219.3
217.8
-1.0
2.5
-3.2
5.0
189. 1
261.6
247. 1
246.2
-1.8
2.6
9.7
4.8
182.8
231.2
244.7
241.8
.5
2.3
-21.3
7.8
189.6
242.2
248.2
245.6
.4
2.2
-11.3
5.2
187.1
240.1
238.8
235.5
1.0
2.3
-1.9
3.2
191.8
200.2
235.6
231-4
1.7
2.5
-49. 1
13.7
203.5
202.4
236.7
228.5
5.3
2.8
-37.0
2.7
212.7
252.9
244.3
235.2
6.0
3.1
-9.7
18.4
241.9 Gross investnent
281.5 Capital expenditures (1)
Fixed investnent
257.3
Plant and eguipnent
250.2
3.3
Hone construction
3.8
Hulti-fanily residential
17.1
Inventory change ♦ IVA
7.1
Hineral rts. froa U.S. Govt.
12
13
14
15
16
17
18
19
20
21
-4 9.7
92.0
-29.7
12 7.3
-44.7
98.9
-72.5
62.7
-48-4
19.7
-52.5
37. 1
-53.0
30.3
-8.4
21.8
1.1
73.8
-40.2
85.8
-39.6 Net financial investnent
20
56.9
Net acg. of financial assets 21
22
23
24
25
26
9.8
4.4
2.0
5.5
2.0
19.1
6.3
4.7
2.6
1.5
17.2
10.0
4.0
6.6
1.1
15.4
-.6
14.9
*
.5
20.2
-. 1
5-3
3.7
-2.4
31.1
-.8
3.4
3. 1
3.5
15.9
.1
9.8
-2.3
-4.0
35-5
-1.4
5.3
14.7
-1.9
63.4
3.9
14.4
14.4
11.7
43.8
6.5
13.0
.4
3.0
11.5
1.9
-1.0
5.9
3.0
27
28
29
-4.5
.2
.2
.1
*
3.9
-3.2
-.2
-1. 1
-1.4
*
2.0
7.4
.1
6.2
.5
-.4
21.8
15.Q
.7
-3.4
14.2
.7
4.0
14.0
1.4
3.4
25.8
.6
-5.7
-8.2
.5
9.4
30
31
32
33
34
35
1.8
56.0
24.5
15.7
4.4
11.3
1-b
71.4
35. 1
26. b
7.6
19.C
.4
4 9. 1
32.3
21.9
4.9
17.0
2. 1
23.6
21.6
12.8
-.7
13.5
.1
-14.8
14.2
5.9
.6
5.3
2.4
-8.2
11.9
7.4
2.9
4.5
-1.0
-3.0
18.3
6.3
1.6
4.7
1.4
-32. 1
17.0
.5
-6.3
6.8
-.8
-5.9
17.2
2.1
-3.5
5.6
3.3
21.4
17.3
3.0
-8.8
11.8
2.3
26.3
16.8
4.2
-1.8
6.0
36
37
38
5.6
*
3.2
5.5
.1
2.9
4.7
V
5.7
3.7
5.2
2.7
.1
5.5
2.6
1.9
2.5
.3
9.2
2.7
13.9
2.7
*
12-3
2.8
*
11.5
2-9
9.7
39
40
41
141.8
80.5
-.1
156.9
88.2
-7.8
143.7
90.9
12.9
135.2
92.2
-11.5
68.1
84.1
11.4
89.7
89.9
15. 1
83.4
89.0
-1.1
30.2
54.6
32.6
72.7
69.2
31.2
126.0
77.1
45.3
96.6
80.1
16.8
42
43
44
80.6
7-7
21.1
96.0
10.0
17.3
78. 1
10.9
26.7
103.7
13.4
22. 1
72.7
15.1
18.8
74.8
13.3
10.0
90.0
17.2
24.8
22.0
15.5
29.1
38.0
9.8
18.5
31.9
11.5
23.3
63.3
8.3
6.3
45
46
47
48
4. 1
.4
2.7
1.1
1.4
-.6
2.4
-.4
2.0
-.8
3.0
-.2
-1.5
-1.4
1.3
-1.3
-.2
.4
.5
-1.1
.2
.3
1.0
-1.2
-1.4
.8
-1.2
-1.0
.7
1.4
.2
-1.0
5.2
4.2
1.8
-.8
3.9
4.8
-.1
-.7
2.0
2.6
*
-.6
49
50
51
52
53
j0.6
2.7
1.2
11.5
1.7
45.9
9.0
1.0
10.2
1.2
29. 1
4. 0
.8
3. 1
1.5
42. S
14.7
2.2
8.7
1.2
41.5
-4.7
.7
-.5
1.8
49.5
.3
1.6
-1.0
.8
44.9
-11.4
4.3
8.4
3.3
12. 1
-25.0
.9
-13.6
2.4
5.8
-2.9
-7.8
9.5
-.1
-1.8
-14.4
.2
7.8
1.3
23.7
.5
7.2
14.0
1.4
54
55
56
57
58
4.3
4 9.1
7-9
5.3
2.6
2.5
54.4
11.9
7.9
4.0
-1.7
40.8
13.7
7.5
6.2
-6.8
27.8
22.0
18-2
3.8
-16.2
-10.2
10.4
10.6
-.2
-10.7
-1.1
11.6
11.5
*
-11.3
-4.8
10.5
11.1
-.6
-16.0
-19.5
11.1
11.8
-.6
-1.8
-2.9
8.2
8.0
.2
22.4
20.4
6.0
4.2
1.7
-.6
11.0
6.0
5.6
.4
59
23.8
-1.0
13. 1
41.6
57.7
50.5
56.9
52-5
47.2
57.6
49.3 Discrepancy
Liguid assets
Deaand dep. and currency
Tiae deposits
Security BP*s
Foreign deposits
U.S. Govt, securities
State+local obligations
Connercial paper
Consuaer credit
Trade credit
Hiscellaneous assets
Foreign dir. invest.
Eguity, etc.
Retained earnings
Insurance receivables
36
Eguity in sponsored ags. 37
Other
38
Net increase in liabilities
Net funds raised in nkts.
Net nev eguity issues
Debt instrunents
Tax-exenpt bonds (3)
Corporate bonds (2,
42
43
44
45
46
47
48
Bank loans n.e.c.
Connercial paper
Acceptances
Finance conpany loans
U.S. Governnent loans
49
50
51
52
53
Profit taxes payable
Trade debt
Fgn.direct invest, in U.S.
Eguity, etc.
Betained earnings
Henorandun itens:
Trade credit net of trade debt
Profits tax paynents
Debt subtotals:
Securities and nortgages
Loans and short-tern paper
Total short-tern liab. (4)
Per cent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. akt. borroving/cap. exp.
17. 1
08. 1
8.3
69.0
-4.2
71.0
-4.6
56.7
-7.1
53. 1
1.9
53.5
-12.6
48.6
-3.0
41.7
.9
32.6
15.3
63.6
62
63
64
32-9
47.7
101.0
28.7
67.3
124.2
39.6
38.5
77.6
34.0
69.7
90.6
33.8
38.9
12.5
23.5
51.3
39.5
40.6
49.4
33.3
45.2
-23.2
-58.7
33.5
4.5
-.2
38.8
-6.9
35.9
16.5
46.7
57.2
65
66
67
37.5
114.7
40.0
36.1
116.2
43.8
37.6
116.7
35.3
35.7
113.4
39.6
31.4
96.1
31.4
32.0
100.8
30.9
31.3
98.4
37.5
28.5
81.9
11.0
35.0
80.7
18.8
37.0
93.6
12.6
36.8
96.7
22.5
68
69
70
23.4
-24.0
47.5
5.0
-4 3.1
52.1
-3.2
-42.9
39.7
9.7
-23.6
33-3
-21.3
-8.4
-12.9
-11.3
-8.5
-2.7
-1.9
-9.0
7.2
-49.1
-10.3
-38.8
-37-0
-1.7
-35.3
-9-7
-10-6
.9
71
72
225.6
190.5
262.6
216.4
264.0
220.7
285.2
245.0
239.6
241.3
250.7
241.5
249.2
245.7
210.5
244. 1
73
35.1
46.2
43.3
40.2
-1.7
9.2
3.5
-33.6
204.1
263-5
300.1 Total cap. expend, before IVA
269.6
302.1 U.S. internal funds, book
243.0
Financing gap:
Excess of capital expenditures
-39.0
-6.1
-2.1
over U.S. internal funds
(1) Capital outlays on book basis:
17.1 Inventory change, NIPA
-18.6 Less:
Inv. val. adjustnent
35.7 Inventory change before IVA
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investnent is before subtracting reflovs of
capital froa Netherlands Antilles subsidiaries* foreign financing.
(3) Industrial revenue bonds. Issued by state and local governaents
to finance private investnent and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except nortgages), short-tera paper, profit taxes payable, and
trade debt. Includes loans due in nore than one year and excludes
current naturities of securities and nortgages.
III/83 BASED ON INCOHPLETE INFOBHATION.
39
40
41
Hortgages
Hone nortgages
Hulti-fanily
Connercial
6.9
63-8
BILLIONS OF DOLLABS.
27
28
29
30
31
32
(2) 33
34
35
60
61
22
23
24
25
26
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
NOVEHBER 23, 19 83
State and local Govts, and Foreign
State and Local Govts, and Foreign
12
Sector Stateaents of Saving and Investaent
UNADJUSTED NET FLOWS($ MILL)
UNADJUSTED NET FLOWS (I BILL)
II
1982
III
IV
J
1
I
1983
II
III
1973
BILLIONS OF DOLLARS
1974
1976
1975
1977
State and Local Governments - General Funds (1)
110,153 103,740 118,838 115,202 121,623 115,055
80,278 74,612 87,638 84,700 90,623 84,428
9,034
9,225
9,387
8,681
8,851
9,550
21,194 20,277 22,166 21,277 21,613 21,077
195.0
141.5
13.0
40.6
211.4
152. 8
14.6
43.9
237.7
166.3
16.8
54.6
267.8
187. 1
19.5
61.1
297.7
208. 1
22. 1
67. 5
1
2
3
4
5 Total expenditures, NIA basis 101,233 104,970 105,094 102,529 106,978 111,380
6
Purch. of goods and services 96,963 100,557 100,731 98,199 102,707 107,119
4,363
4,261
4,270
4,413
4,330
4,271
7
Net interest and transfers
181.6
168.5
13. 1
204.6
193. 1
11.5
232.2
217.2
15.0
251.2
232.9
18.3
269.7
250.4
19. 3
5
6
7
1 Total receipts, NIA basis
Tax receipts
2
Social insurance receipts
3
4
Grants-in-aid received
8,920
8,949
-29
-1,230
6,548
-7,778
13,744
10,324
3,420
12,673
12,012
661
14,645
11,486
3,159
3,675
9,480
-5,805
13.4
9.5
3.9
6.8
9.7
-2.9
5.5
11.3
-5.8
16.6
12.9
3.7
28. 0 8
15.9 9
12. 1 10
-1,678
10,712
531
-1,374
-313
-2,604
6,055
-1,219
2,159
900
-92
14,248
794
608
-709
-4,753
-102
-2,374
1,030
1,806
1,184
21,746
2,065
-3,623
-14
-225
6,969
-2,793
1,549
3,216
1.4
15.4
-.6
7.2
2.4
-7.8
9.5
-.5
5.7
3.6
-12.7
2. 4
.8
-2.0
1.0
-4.6
11. 1
-.9
2. 1
-
6.9
23.0
.8
7.0
1.0
11
12
13
14
15
Credit market instruments
U.S. Govt, securities
Treasury issues
Agency issues
State*local obligations
Mortgages
14,625
13,648
12,225
1,423
-40
1,017
2,418
8 32
-205
1,017
262
1,344
12,112
10,442
9,395
1,047
244
1,426
2,042
4
-1,275
1,279
568
1,470
26,096
24,896
23,761
1,135
-237
1,437
2,496
1,262
424
838
-216
1,450
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
12.4
11.3
9.6
1.7
.6
.6
16
17
18
19
20
21
Taxes receivable
-2,757
1,797
1,443
-2,606
-2,778
2,501
.8
.7
.6
2.2
12,390
12,168
11,630
3,728
7,902
538
8,659
8,443
8,396
2,020
6,376
47
14,340
14,138
14,018
803
13,215
100
4,651
4,425
4,183
-5,237
9,420
242
20,562
20,336
20,019
1,569
18,450
317
7,194
6,963
6,713
-553
7,266
250
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
222
29
Trade debt
222
216
1,649 -5,174
3,512
30 Discrepancy
(1) Employee retirement funds ace in insurance sector.
226
5,414
226
1,975
231
-5,580
.8
2.6
1.8
4.9
1.3
6.8
.5
8.3
19.9
146.9
7.7
163.2
155.4
176.3
185. 1
8 Net surplus, NIA basis
9 - Retirement credit to HH
10 = Gross saving
11 Net financial investment
12
Net acg. of financial assets
13
Demand dep. and currency
14
Time deposits
15
Security RP’s
16
17
18
19
20
21
22
23
24
25
26
27
28
Net increase in liabilities
Credit market borrowing
State*local obligations
Short-term
Other
U.S. Government loans
1.8 22
16. 1
15.4
15.2
-2.9
18. 1
.2
23
24
25
26
27
28
.7 29
5.3 30
Foreign Sector
1 Net U.S. expert receipts
2
U.S. export receipts
3 - U.S. import payments
4 - Transfers to foreign
5 - U.S. Gcvt- interest paid
6 = U.S.current a/c net receipts
♦ Net corporate earnings
7
retained abroad
8 = Fgn. current acct. balance
(U.S. balance, sign reversed)
9 Net financial investment
10
Net acg. of financial assets
11
Gold and SDR's (1)
12
U.S. demand deposits
13
U.S. time deposits
14
Net interbank claims
6,823
90,712
83,889
-2,366
83.591
85,957
-336
78,531
78,867
1,132
78,282
77,150
-4,826
79,824
84,650
-6,694
82,732
89,426
7.0
101.4
94.5
6.7
138.4
131.7
1,784
4,354
685
1,700
4,716
-8,782
2,204
4,692
-7,232
1,513
1,775
4,409
4.360
-4,790 -10,961
1,725
4,501
■12,920
3.9
3.8
-.8
4.2
4.3
-1.8
11.4
4. 1
4.5
-.9
4. 1
5.5
-18.5
2,279
-2,964
1,021
7,761
2,850
4,382
2,469
2,321
3.361
7,600
938
1 1,982
7.2
-6.5
6.7
-4.9
6.9
-18.3
6.0
-5. 1
4.8
13.6
-7,391 -8,632
4,553 -7,179
-434
-289
1,096 -1,855
2,559
471
-7,425 -13,270
-9,468
4,651
-297
599
1,438
-7,244
-5,634
-1,045
-88
516
-1,301
-8,546
9,672
15,828
-296
827
2,211
6,082
10,958
-270
-979
1,129
4,297
15.0
*
2.9
2.8
-2.7
-2.5
26.6
-.2
2.8
7.7
*
-24.0
5.5
*
-. 3
1.5
-9.8
25.6
1
3.2
-1.9
-5.7
40. 8
-.2
2. 4
-.4
-.7
10
11
12
13
14
989
5,860
1,096
5,124
-360
439
6,627
4,429
1,448
750
1,598
3,874
2,990
1,230
-346
2,693
4,644
6,704
235
-2,295
1,267
5, 185
3,881
721
583
986
4,485
1,974
760
1,751
2.8
.6
.2
.1
.3
.5
11.2
3.7
.9
6.6
4.7
6. 1
8. 1
.6
-2.6
2.8
15. 2
11.6
.9
2.7
2. 7
39.6
31.5
3.8
4.4
15
16
17
18
19
352
-1,012
635
-2,257
-621
*
1.0
*
1.8
.1
1.6
3. 4
127.0
4.0
4.5
15
16
17
18
19
U-S. corporate eguities
Credit market instruments
U.S- Govt, securities
U.S. corporate bonds (2)
Cpen-market paper
20
21
Security credit
Trade credit
22
23
24
25
26
Miscellaneous assets
Dir. investment m U.S.
Eguity, etcEetamed earnings
ether
1,411
2,892
2,883
9
-1,481
1,855
2,635
2,784
-149
-780
4,048
2,780
2,941
-161
1,268
3,294
2,054
2,007
47
1,240
1,173
1,491
1,055
436
-318
1,310
1,500
1,400
100
-190
7.5
2.8
1.9
.9
4.7
2.7
4.8
3.7
1. 1
-2.0
1.7
2.6
1.4
1.2
-.9
8.8
4.3
2.7
1.7
4.4
27
Net increase in liaoilities
U.S. off. fgn. exchange
+ net IMF position
U.S. private deposits
11,944
1,453
14,119
4,589
6,156
1,153
19.4
29.2
29.5
40.4
24.3 27
911
1,611
363
-1,381
1,653
461
683
-1,647
-320
1,223
-728
1,004
-. 1
1.2
1.3
-. 2
-8
.8
2.5
1.7
. 1 28
1.3 29
101
3,488
429
105
4,713
3,193
1,320
6,345
2,207
993
2,221
806
1,837
5,496
3,385
612
3,607
392
-.2
6.3
1.0
-.2
15.0
2. 1
.2
11.3
6.2
.3
19.3
8.6
. 4 30
13.5 31
5. 1 32
28
29
30
31
32
Foreign corporate eguities
Credit market instruments
Corp, and foreign bonds
-
20
1.7 21
-4. 3
3.7
2. 1
1.6
-8. 1
22
23
24
25
26
33
34
35
36
Bank
To
To
To
leans n.e.c.
foreign official
foreign banks
other foreign
43
709
-1,057
391
-1,062
414
-190
-1,286
-764
-519
1 ,626
-1,871
4,400
1,255
781
2,364
1,433
851
54
528
-329
-632
555
-252
2.8
.4
1.6
.7
4.0
.3
3. 1
.6
2.0
.3
1. 1
.7
5.6
.9
4. 2
.5
3. 1
. 1
2.7
.3
37
38
Cpen-market paper
U.S. Government loans
2,133
883
130
2,452
4,346
556
-4,195
1,210
1,911
767
2,609
935
.9
1.7
7.3
1.6
.3
2.8
1.9
3.3
2. 4 37
3.0 38
-355
-351
-1,056
-56
-509
-100
-.2
1.9
3. 1
.1
.7
.3
39
. 5 40
6,188
600
2
2,128
3,012
1,116
3,458
-1,996
50
-13
1,082
-98
1,180
-3,117
5,396
374
-94
51
-1,646
1,697
5,065
2,395
52
-93
722
-678
1,400
1,714
-1,571
359
-2
1,039
-1,906
2,945
-2,967
—3,242
65
600
-900
1,500
-3,907
10.6
.3
.6
10. 1
2.0
8.2
-.5
10.2
.6
-.6
8.9
1.2
7.8
1.3
15.6
.7
*
14.0
6.0
8.0
.9
16.3
1.1
-. 1
11.6
3. 9
7.7
3.7
4,427
16,393
13,850
7,955
-2,072
2,177
-2.0
-2.4
5.7
9.6
39
40
Security debt
Trade debt
41
42
43
44
45
46
47
Miscellaneous liabilities
U.S.eguity in IBRD, etc.
U.S. Govt, deposits
U.S. dir. inv. abroad (2)
Eguity, etc.
Retained earnings
ether
48 Discrepancy
(1) U.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investment is before subtracting reflovs of
FRASER capital from Netherlands Antilles subsidiaries* foreign financing.
Digitized for
http://fraser.stlouisfed.org/
III/83 BASED ON
Federal Reserve Bank of St. Louis
PRELIMINARY AND INCOMPLETE INFORMATION
8.4
.7
*
11.5
5. 1
6.4
-3.8
33
34
35
36
41
42
43
44
45
46
47
-2.9 48
MC7BNBEB 23, 1983
State aad Local Sorts, and foreign
State and Local Govts, and Poreign
IJ
Sector Stateaents of Saring and Investnent
SEASOHALLI ADJ0SIED ANNUAL BATES
1979
1978
——
1980
SEASOMALLT ADJUSTED ANNUAL BATES
1981
1982
1
II
III
IV
1
I
II
State and Local Governments - General Funds (1)
——————- --------------—-—————------------—---------- ------‘■L’ '
--
III
—
1
2
3
4
327.6
225.7
24.7
77.3
352.0
244.0
27.4
80.5
386.1
267.7
29.7
88.7
418. 1
297.6
32.6
87.9
439.1
320.1
35.1
83.9
436.8
317.0
34.7
85. 1
442.8
324.4
35.4
83.0
450.7
329.6
36. 1
85.0
461.7
339.1
36.9
85.8
478.7
354.5
37.5
86.7
492.6 Total receipts, NIA basis
367.2
Tax receipts
Social iasurance receipts
38.2
87.2
Grants-in-aid received
1
2
3
4
5
6
7
297.3
278.3
19.0
321.5
306.0
15.5
355.5
340.8
14.8
382.7
366.5
16.3
407.8
390.5
17.3
404.8
387.5
17.3
411.4
394.0
17.5
417.8
400-5
17.3
421.3
404.0
17.4
427.0
409.7
17.3
437.5 Total expenditures, NIA basis
420.6
Purch. of goods and services
Net interest and transfers
16.9
5
6
7
8
9
10
30.3
20.7
9.6
30.4
16.2
14.2
30.6
26.5
4. 1
35.3
31.0
4.4
31.3
35.2
-4.0
32.0
35.8
-3.8
31.3
26.2
5.1
32.9
41.3
-8.4
40.4
48.0
-7.7
51.7
45.9
5.8
55.1 Net surplus, NIA basis
37.9 - Retirement credit to HH
17.2 = Gross saving
8
9
10
31
32
13
14
15
2.2
23.1
-1.0
8.1
2.0
2.3
24.5
-1.5
-1-0
4.0
-4.8
17.5
-.8
-1.7
♦
1.3
12.1
-1.6
2.4
2.5
-9.1
28.1
-2.2
6.0
.1
-8.3
33. 1
-4. 4
5.8
-1.3
.1
31.4
-.4
8.5
3.6
-14.4
42.7
-3.7
-2
-2.8
-13.2
17.4
-.8
-5.1
7.2
*
73.8
1.5
-3.3
-.1
11.9 Ret financial investnent
38.3
Net acg. of financial assets
-6.4
Demand dep. and currency
6.7
Tiae deposits
12.9
Security HP’s
11
12
13
14
15
16
17
18
19
20
21
13.2
11.3
5.7
5.6
-.7
2.5
21.5
15.6
8.7
6.8
-.5
6.3
19. 1
9.0
6.5
2.5
-2
9.9
7.9
.1
-1.3
1.4
.2
7.6
26.8
20-9
17.2
3.7
1.0
4.9
35.4
31.4
25.8
5.7
-.2
4. 1
21.3
14.8
10.8
4. 1
1.0
5.4
53.8
45-1
40.9
4.2
1.0
5.7
17.4
9.3
4.2
5.1
2.3
5.9
77.7
72.9
68.3
4.5
-.9
5.7
24.6
19.6
16.3
3.4
-.9
5.8
22
.8
1.5
1.1
.9
-2.7
-2.4
-1.6
-2.7
-1.4
-2.0
.6
23
24
25
26
27
28
20.9
19.1
20-7
.6
20.1
-1.6
22.2
20.5
20.3
1.0
19.4
.2
22.3
20.3
19.4
1.7
17.7
.9
10.8
9.7
8.4
.9
7.5
1.2
37.2
36.3
35.4
5.6
29.8
-9
41.4
40.5
38.4
9.9
28.5
2.2
31.3
30.4
30.2
4.4
25.8
.2
57. 1
56.2
55-8
7.2
48.6
.4
30.7
29.8
28.8
-16.4
45.3
1.0
73.8
72.8
71.6
1.2
70.4
1.3
26.5
25.5
24.5
-6.0
30.5
1.0
29
30
1.7
7.4
1.6
11.9
2.0
6.8
1.1
3.0
.9
5.1
.9
4.5
.9
5.0
.9
6. 1
— ——
Foreign Sector
Credit aarket instruments
U.S. Govt, securities
Treasury issues
Agency issues
State+local obligations
Mortgages
16
17
18
19
20
21
Taxes receivable
22
Net increase in liabilities
Credit aarket borrowing
State+local obligations
Short-term
Other
U.S. Governnent loans
23
24
25
26
27
28
.9
.9
.9
Trade debt
5.7
5.6
5.3 Discrepancy
(1) Enployee retirement funds are in insurance sector.
29
30
— — _________
1
2
3
-10.3
206.9
217.3
-2-3
261.9
264.2
12.2
320.9
308.7
17.0
355.7
338.7
9.8
340.2
330.4
26. 1
357.2
331.2
-6.5
339.1
345.6
-4.9
311.8
316.7
7.6
317.4
309.8
-19.8
314.1
333.8
-27.8 Net U.S- export receipts
333.1
U.S- export receipts
360.9 - U.S. inport payments
4
5
6
4.5
8.7
-23.6
5.1
11.1
-18.4
6.3
12.5
-6.6
6.6
16.8
-6.4
7.5
18.2
-15.8
7. 1
17.4
1.5
6.9
18.9
-32.2
8.7
18.8
-32.3
6.1
17.6
-16.1
7. 1
17.4
-44.3
7
8
9.2
14.3
15.5
2.9
11.7
-5. 1
9.3
-2.9
7.6
8.3
7.2
-8.7
7.4
24.8
10.5
21.9
9.4
6.7
11.3
33.0
7.0 - Transfers to foreign
18.0 - O.S. Govt, interest paid
-52.8 - U.S.current a/c net receipts
+ Net corporate earnings
7.6
retained abroad
45.2 = Fgn. current acct. balance
(U.S. balance, sign reversed)
9
10
11
12
13
14
2.8
58-9
1.2
-.2
1.1
5.7
-24.5
31.7
-.1
4.2
1.2
22.3
-30.0
26.6
1. 1
1.2
-23.2
-28.8
32.7
-.7
-3.8
2.3
-7.0
-30.2
1.5
-1.4
-3.7
5.8
-30.1
-23.7
16.1
-1.2
-4.0
8.0
-42.4
-44.4
-35.5
-1.7
-4.6
4.2
-60.2
-39.7
25-3
-1.2
-.4
4.5
4.4
-16.6
-.6
-.4
10.0
-4.0
-49.0
40.8
54.8
-1.2
-5.9
6.0
7.6
15
16
17
18
19
2.4
38.0
28.2
1.9
7.9
1.7
-4.6
-14.1
2.6
6.9
5.4
23.2
10.6
8.2
4.4
5.8
16.0
7.0
8.1
.8
4.0
17.6
8.0
10.1
-.5
1.9
48.6
28.9
20.5
-.8
4.1
13.2
8.2
5.8
-.8
6-5
-5.0
-7.6
4.9
-2.3
10.3
31.8
35.7
-9
-4.8
2.8
43.3
37.3
2.9
3. 1
20
21
3-0
.2
3.6
.3
-.8
1.4
-4.0
2.5
-9.0
-2.5
22
23
24
25
26
7.6
7.9
5.3
2.6
-.3
6.8
11.9
7.9
4.0
-5.1
15.2
13.7
7.5
6.2
1.5
19.9
22.0
18.2
3.8
-2. 1
10.2
10.4
10.6
-.2
-.2
3.7
11.6
11.5
*
-7.9
13.5
10.5
11.1
-.6
2.9
13.9
11. 1
11.8
-.6
2.8
9.6
8.2
8.0
.2
1.4
4.6
6.0
4.2
1.7
-1.3
27
56.0
56.2
56.5
61.5
31.7
39.7
8.8
65.0
16.0
28
29
.5
2.4
*
6.1
8. 1
2.8
3.3
12.6
3-6
2.5
3.6
6.4
1.5
-5.5
6.6
1.8
2-7
-6.6
30
31
32
-.5
33.8
4-2
.8
20.2
3.9
2. 1
27.2
.8
*
27.2
5.4
1.3
15.7
6.6
.4
13.9
1.7
.4
11.9
12.8
5.3
25.3
8.8
4.0
15.9
3.2
7.3
21.5
5.5
2.4
7.7
1.6
33
34
35
36
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
-6.2
*
.7
-6.8
.2
2.8
-7.5
4.8
-11.2
1.7
-5.3
-7.6
-3. 1
-2. 1
8.3
-9.4
24.6
5.0
8.3
11.2
5.3
3.4
-3.4
5.3
-8.0
-2.5
-2.1
-3.4
Bank
To
To
To
loans n.e.c.
foreign official
foreign banks
other foreign
33
34
35
36
37
38
6.6
3.9
11.2
2.9
10.1
4.7
13.9
4.2
10-7
4.5
8.5
3.5
.5
9.8
17.4
2.2
-16.8
4.8
7.6
3.1
10.4
3.7
Cpen-narket paper
U.S. Governaent loans
37
38
39
40
-.3
1.5
1.7
.2
-3.1
-1.4
-1.4
-4.2
-.2
-2.0
41
42
43
44
45
46
47
20.1
•6
.1
15.7
4.4
11.3
3.6
27.6
.8
*
26.6
7.6
19.0
.2
14.6
-7
-.3
21.9
4.9
17.0
-7.8
18.2
1.1
-.2
12.8
-.7
13-5
4.6
11.7
1.3
-.1
5.9
.6
5.3
4.5
16.7
2.4
*
7.4
2.9
4.5
6.9
2.0
.2
6.3
1.6
4.7
-4.4
30- 1
1.5
-.4
.5
-6.3
6.8
26.5
.2
.2
-.4
2.1
-3.5
5.6
-1.7
-16.4
1.4
*
3.0
-8.8
11.8
-20.9
48
11.5
27.5
24.8
25.9
38.5
14.9
69.2
61.6
23.3
-7.8
http://fraser.stlouisfed.org/
BILLIONS
DOLLABS.
Federal Reserve Bank
of St.OF
Louis
♦
35.3 Net financial investnent
43.5
Net acg. of financial assets
-1.1
Gold and SDP.'s (1,
-1.1
U.S. denand deposits
7.2
U.S. tiae deposits
14.8
Net interbank clains
U.S. corporate eguities
Credit narket instrunents
U.S. Govt, securities
U.S. corporate bonds (2)
Open-narket paper
15
16
17
18
19
Security credit
Trade credit
20
21
12.2
6.0
5.6
-4
6.2
Miscellaneous assets
Dir. investment in U.s.
Eguity, etc.
Betained earnings
Other
22
23
24
25
26
14.0
8.2
-1.3
4.9
-2.9
4.0
Net increase in liabilities
U.S. off. fgn. exchange
* net IMF position
U.S. private deposits
6.5
5.0
-.7
3.0
2.6
-2.7
.3
4.2
-1.8
6.0
-7. 1
Poreign corporate eguities 30
Credit market instrunents 31
Corp, and foreign bonds 32
Security debt
Trade debt
39
40
Miscellaneous liabilities
O.S.eguity in IBBD, etc.
U.S. Govt, deposits
U.S. dir. inv. abroad(2)
Eguity, etc.
Betained earnings
Other
41
42
43
44
45
46
47
9.9 Discrepancy
(1) U.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investment is before subtracting reflows of
capital from Netherlands Antilles subsidiaries* foreign financing.
111/83 BASED ON INCOMPLETE INFOBHATION.
9
10
11
12
13
14
NOVEMBER 23, 1983
U.S. Government and Credit Agencies
U.S. Governaent and Credit Agencies
Sector Statements of Saving and Investment
14
UNADJUSTED NET FLOHS($ MILL)
UNADJUSTED BET ELOWS($ MILL)
J
1982
II
III
IV
J
1983
I
II
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
U.S. Government
1 Total receipts, NIA fcasis
2
Personal taxes
Corp, profits tax accruals
3
4
Indirect taxes
Social insurance receipts
5
171,472 155,255 141,568 157,876 171,276 161,639
87,386 79,291 70,476 72,802 78,192 75,240
12,593 12,296 10,568 11,530 15,332 16,991
12,074 11,897 11,974 12,270 14,215 13,617
59,419 51,771 48,550 61,274 63,537 55,791
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
375.2
170. 1
61.6
25.0
118.5
1
2
3
4
5
6 Total expenditures, NIA basis
Goods and services
7
Transfers, etc.
8
Net interest
9
183,843 192,997 204,266 207,256 200,693 208,605
59,771 66,668 69,515 72,897 62,997 71,589
103,085 104,581 112,643 112,082 114,231 112,366
20,987 21,748 22,108 22,277 23,465 24,650
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
421. 1
143.4
248.5
29. 1
6
7
8
9
-12,371 -37,742 -62,698 -49,380 -29,417 -46,966
1,951 11,990
697 -2,942
12,582
2,331
-14,322 -49,732 -63,395 -46,438 -31,748 -59,548
683
4,598
1,787
1,311
803
3,423
-13,011 -48,929 -59,972 -45,755 -27,150 -57,761
-5.6
2.3
-7.9
3-2
-4.7
-11.5
2.9
-14.4
6.5
-7.9
-69.3
3-8
-73. 1
1.3
-71.8
-53. 1
4.7
-57.8
4. 0
-53.8
-45.9
6. 6
-52.5
2.5
-50. 1
10
11
12
13
14
-17,399 -45,937 -60,961 -49,159 -31,222 -50,010
15 Net financial investment
4,990 18,339 11,687
16
Net acg. of financial assets -3,950 24,540 -2,542
1,374
453
1,301
1,565
647
148
Gold, SDN’s ♦ fgn. exch.
17
8,517
18
Demand deposits ♦ currency -1,979 17,483 -9,709 -4,005 12,293
174
19
Time deposits
141
-177
101
28
-201
-6.1
4.7
*
-1.9
-.2
-7.2
7.0
1.4
-4.6
*
-74.4
16.4
-7
2.7
.1
-58.6
21.3
2.5
3.8
.2
-55.8
8.6
.4
-.5
.1
15
16
17
18
19
20
21
22
23
10
11
12
13
14
Net surplus, NIA lasis
- Insurance credits to hh
- Gross saving
♦ Mineral rights sales (1)
= Nonfinancial surplus
20
21
22
23
Ciedit market instruments
Fed. agency securities
Mortgages
Other loans
24
z5
26
Taxes receivarle
Trade credit
Miscellaneous
27
28
Net increase m liatilities
Treasury curr. + SDR ctfs.
5,077
1,033
4,044
5,424
-54
5,478
2,999
812
2,187
1,120
-1,029
2, 149
4,193
1,389
2,804
3,566
1,513
2,053
3.9
*
-.6
4.5
9.4
*
3.8
5.7
13.4
6.5
6.9
7. 9
.4
7.5
10.0
4.2
5.8
-10,447
1,249
602
1,227
-114
39
-130
2,576
280
2,838
3,690
-41
-2,564
3,614
357
3,516
-4,226
65
1.6
-3
-9
-.2
1. 0
*
-2. 3
1.2
.7
5.6
.5
1.0
-1. 4 24
-.8 25
.7 26
13,449
337
70,477
471
58,419
495
54,149
112
49,561
133
61,697
137
10.8
.4
14.3
.4
90.9
.9
80.0
1.2
64.4 27
. 3 28
56.8
4.7
52.9
-.9
29
30
31
32
Credit market instruments
Savings ccnds
ether Treasury issues
Agency issues and mtgs.
8,975
-53
9,081
-53
57,643
147
57,568
-72
61,965
757
61,331
-123
55,641
475
55,145
21
46,876
876
46,075
-75
47,860
868
47,030
-38
8.3
2.7
5.2
.4
11.8
3.0
9.0
-.2
85.4
4.0
81.8
-. 4
69.0
4.7
64.5
-. 1
33
34
35
Life ♦ retirement reserves
Trade dett
Miscellaneous
1,951
445
1,741
11,990
216
157
697
428
-5,166
-2,942
-415
1,753
2,331
916
-695
12,582
601
517
2.3
.1
-.4
2.9
-.8
*
3.8
1.4
-.7
4.7
4. 1
.9
4,388
-2,992
989
3,404
4,072
-7,751
1.3
-.7
2.7
4. 8
5.8 36
23,040
11,069
10,698
8,692
17,896
13,475
41.7
45.3
45.9
49.0
63.0 37
36 Discrepancy
37 Memo: Corp, tax receipts, net
29
30
31
32
6.6 33
1.6 34
-.9 35
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
1 Current surplus
592
489
571
417
515
372
.4
-6
.6
.6
.7
1
2 Net acg. of financial assets
3
Demand deposits and currency
4
Fed. funds + security HP‘s
9,918
-30
1,459
8,874
-64
4,722
341
133
-806
-2,793
-61
713
861
-143
-1,345
976
267
-364
18.7
.1
2.3
18.2
*
-1.0
5.2
*
-.3
4.4
*
.3
7.7
.1
.2
2
3
4
5
6
7
8
Credit market instruments
U.S. Government securities
Cpen-market paper
Student loans (SIMA)
8,551
439
54
376
3,626
996
-240
601
476
150
158
394
-4,031
-333
254
-22
1,934
96
-354
555
341
-274
294
654
15.5
*
-.2
-
20.8
.4
.9
4.5
1.5
.1
4.7
1.5
*
-
6.4
-3.8
.2
.1
5
6
7
8
9
10
11
Housing credit
Residential aortgages
FHLB loans to s*l assns.
5,749
2,513
3,236
2,052
3,808
-1,756
985
2,626
-1,641
-4,072
1,913
-5,985
1,136
2,359
-1,223
-558
373
-931
12.5
5.3
7.2
14.3
7.7
6.7
-1.2
2.8
-4.0
-1.6
.4
-2-0
1,933
1,243
-920
1,610
-62
217
638
-811
390
590
-1,211
328
471
-2,010
538
142
203
929
-990
586
501
343
-712
870
415
225
233
12
-20
732
3.2
1.9
.3
1. 1
.9
5.2
2.5
1.0
1.7
-1.6
4. 1
2.6
.4
1- 1
1.0
4.8
2.5
1.0
1.3
-.5
5. 0
2.9
.6
1.4
1.0
12
13
14
15
16
9,363
8,795
8,795
568
8,505
6,093
6,093
2,412
395
-1 ,729
-1,729
2,124
-3,122
-3,180
-3,180
58
568
476
476
92
b47
650
650
-3
18.5
16.3
16.3
2.2
17.7
17.3
16.6
.7
.4
4.9
3.2
2.3
.9
1.7
4. 1
2. 1
2.5
-.4
2.0
7.3
5. 9
7.0
-1. 1
1.4
17
18
19
20
21
37
120
625
88
222
43
.2
.1
.3
.3
23 Net acg. of mortgages
24
Home mortgages
25
Multi-family mortgages
26
Fata mortgages
9,323
9,222
119
- 18
13,280
13,206
100
-26
18,288
18,221
69
-2
18,698
17,962
499
237
16,044
16,186
110
-252
15,802
15,698
323
-219
3.6
3,2
.2
.2
3.4
3.3
.2
♦
7. 1
7.3
.4
-.6
12.2
11.9
.5
-.2
16. 1
15.7
.9
-.5
27 Net incr. ic pool securities
9,323
13,280
18,288
18,698
16,044
15,802
3.6
3.4
7. 1
12.2
16. 1 27
Memo: Totals foi agencies and pools
Housing credit
15,090
1,915
Loans to agriculture
15,358
191
19,275
-1,213
14,389
379
17,432
249
15,463
6
15.9
3.5
17.8
5. 1
6.5
3.5
10.8
4.6
21.5 28
4.5 29
19,373
16,559
15,518
16,520
16,452
19.9
20.0
9.4
14.6
23. 1 30
12
13
14
15
16
Loans to agriculture
Farm mortgages
Loans to ccops (EC)
Loans to farmers (FICB)
Miscellaneous assets
17 Net increase in liatilities
Credit market instruments
18
19
Sponsored agency issues
20
U.S. Government loans
21
Miscellaneous liabilities
22 Discrepancy
4.9 9
.5 10
4.3 11
. 4 22
Federally related mortgage pools (1)
28
29
30 Net security issues
18,118
(1) GNMA, FNMA, FHLMC, and Farmers Home Administration pools. Excludes
Federal Financing Bank holdings of pool secarities, which are in
U.S. Government mortgages and other loans directly.
111/83 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION
23
24
25
26
HOVEHEER 23, 1983
O.S- Governaent and Credit Agencies
U.S. Governaent and Credit Agencies
15
Sector Stateaents of Saving and Investment
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
J
1978
1979
1980
1981
1982
1
II
1982
III
IV
1
|
I
1983
II
III
U.S. Government
1
2
3
4
5
431.6
194.9
71.3
28.1
137.2
493.6
230.6
74.2
29.4
159.5
540.9
257.7
70-3
39.0
173.9
627.0
298.6
67.5
56.4
204.5
617.4
304.7
46.5
48.3
217.9
622.2
308.5
48.4
47.7
217-6
615.2
300.6
47.8
47.9
218-9
612.6
303.0
42.1
48.3
219.3
623.3
297.7
48.6
48.6
228.5
652.6
304.2
59.8
56.0
232.6
645.5 Total receipts, NIA basis
286.9
Personal taxes
66.8
Corp, profits tax accruals
55.6
Indirect taxes
Social insurance receipts
236.2
1
2
3
4
5
6
7
8
9
461.0
153.6
272.3
35.2
50 9.7
168-3
299.0
42.4
602. 1
197.0
351.7
53.4
689.2
229.2
386.8
73.2
764.4
258.7
420.8
84.9
735. 4
244. 1
409. 0
82.3
773.5
261.7
423.1
88.6
820.9
279.2
452.5
89. 1
806.6
273.5
444.7
88.4
818.7
273.7
453. 1
91.8
834.1 Total expenditures, NIA basis
278.9
Goods and services
454.5
Transfers, etc.
100.7
Net interest
6
7
8
9
10
11
12
13
14
-29.5
7.2
-36.7
2.0
-34.7
-1 6. 1
8.2
-24.3
4.7
-19.5
-61.2
8.8
-70. 0
5.0
-o5.0
-62.2
10.0
-72.3
4.8
-67.4
-147. 1
11-9
-159.0
7.8
-151.2
-113.2
12.2
-125.4
5.2
-120.2
-158.3
16.6
-175.0
3.2
-171.8
-208.2
11.0
-219.3
13.7
-205.6
-183.3
8.3
-191.7
2.7
-188.9
-166. 1
14.2
-180.2
18.4
-161.9
-188.6
16.4
-205.0
7.1
-197.8
15
16
17
18
15
-3 8.6
24.8
-2.3
3.7
.1
-2 5.5
2 1.4
-.6
.2
.1
-64.6
24. 1
4.4
-3.2
—.2
-77.7
23. 1
4.0
*
-. 1
-155.4
21.3
4.4
6.5
.5
-127.8
13.4
5.5
-9.9
.7
-174.3
52.1
1.8
37.5
-1
-208.7 * -200.8
8.7
10. 1
6.3
5.2
-10.7
-16. 1
-.7
.6
-167.1
113.2
2.6
57.5
-.8
-180.4 Net financial investment
-2.0
Net acg. of financial assets
.6
Gold, SDR’s ♦ fgn. exch.
-1.6
Demand deposits + currency
.4
Time deposits
20
21
22
23
17. 1
4.2
12.8
19.0
6.6
12.4
23.7
7.5
16,2
24. 1
4.9
19. 1
16.7
2.4
14.3
16. 6
3.8
12.8
22.5
-.5
23.0
15,7
3.7
12.0
3.0
-4.3
7.3
13.3
5.4
7.8
15.4
5-9
9.5
24
25
26
2.8
2.7
.8
-.5
2.4
.8
-4.8
3.8
.5
-8.2
2.5
.8
-12.8
4.8
1.2
-6.9
5. 0
2.4
-9.5
-.5
.2
-12. 1
10.3
1. 1
1.7
14.8
-.2
24.7
14.5
1.4
-.2
-16.9
.3
27
28
63.5
.5
46.9
1.6
66.8
1.3
100.7
1.2
176.7
1.7
141.2
1.3
226.4
1.9
218.8
2.0
209.5
.4
280.3
.5
178.4
.5
29
30
31
32
53.7
3.9
51.2
-1.4
37.4
-.8
39.6
-1.4
79.2
-7.3
87. 1
-.6
87.4
-4.3
92-2
-.5
161.3
-2
162.0
-.9
118.3
.2
118.3
-.2
206.5
*
206.8
-.3
224.4
.7
224.2
-.5
196.3
4.7
191.5
.1
264. 1
3.9
260.6
-.3
157.2
2.9
154.4
-.2
33
34
35
7.2
2.3
-.3
8.2
1.1
-1.3
8.8
1.4
-1.9
10.0
1.0
1.0
11.9
1.7
.2
12.2
2-4
7.0
16.6
.7
.6
11.0
2.0
-20.7
8.3
-2.5
7.0
14.2
4.3
-2.8
16-4
2.2
2.1
36
3.9
6.0
-.4
10.3
4.2
7.7
2.5
3.2
11.9
5.3
37
68.5
74.7
75- 1
75.7
59.2
55.3
57.4
54.2
46.9
35. 1
Net surplus, NIA basis
- Insurance credits to hh
= Gross saving
♦ Mineral rights sales (1)
= Nonfinancial surplus
10
11
12
13
14
15
16
17
18
19
Credit market instruments
Fed. agency securities
Mortgages
Other loans
20
21
22
23
Taxes receivable
Trade credit
Miscellaneous
24
25
26
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
34
Trade debt
Miscellaneous
35
-17.4 Discrepancy
67.0 Memo: Corp, tax receipts, net
36
37
(1) Sales of Cuter Continental Shelf leases.
Federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
1
1.0
1.2
1-4
1.5
1.9
2.4
2.0
2.3
1.7
2. 1
2
3
4
28.6
*
1.4
31. 1
.2
.6
29.5
1.8
37.6
.2
3.5
22.4
-.2
5.4
34.5
*
5.8
21.0
-. 1
18.9
8.3
-.2
-3.2
3.7
-3
2-9
-1-9
-.5
-5.4
-14.6 Net acq. of financial assets
1.2
Demand deposits and currency
-1.5
Fed. funds ♦ security RP’s
2
3
4
5
6
7
8
26.7
.6
-1.2
.4
30.0
.2
.1
.6
26.4
.7
*
1.1
33.2
.4
.3
2.2
15.8
1.4
-.3
1.6
27.3
2. 5
.2
1.5
.5
-2.8
-1.0
2.4
11.4
4.5
.6
1.6
-2.9
1.9
1.0
-. 1
.4
1.8
-1.4
2.2
-16.4
-10.4
1.2
2.6
5
6
7
8
9
10
11
21.5
9.0
12.5
18.5
9.4
9.2
14.9
7-8
7. 1
21.2
4.9
16-2
11.0
10.2
.8
19.0
1 1.5
7. 5
1.1
12.7
-11.6
4.2
10.2
-6.0
-4.5
9.9
-14.4
-.5
10.9
-11.4
-10.2
-1.8
-8.4
12
13
14
15
16
5.4
3.2
.7
1.5
.5
10.5
5.0
2. 1
3.3
.4
9.6
6.3
1. 5
1.9
1.3
9. 1
7.6
—.3
1.8
.8
2.0
3.6
-.8
-.8
1.4
4. 0
3.9
-.8
.9
1.5
.7
3.1
-2.4
1.7
.6
2.4
-. 3
-1.5
.2
-1. 1
.2
2- 1
-3.5
3.4
-1.7
,3
.4
-2.4
3.6
.4
1.5
.8
-1.9
2. 1
17
18
19
20
21
28.1
23.5
23- 1
.4
4.6
3 0.6
24.8
24.3
.6
5.7
29.2
25.6
24. 4
1.2
3.6
37. 1
32.4
30.5
1.9
4.7
21.3
15.3
14.9
.4
5.9
33.2
29.0
29.0
4. 1
19.7
12.6
12.6
7.1
7.5
*
*
7.5
3.5
1.5
1.5
2.0
-3.6
-6.5
-6.5
2.9
22
.5
.6
1. 1
1.0
.8
1.0
.7
1.5
1.4
.3
23
24
25
26
13.6
12.4
1.5
-.3
2 3. 1
21.8
1.2
.1
19-2
18.7
-7
-.2
15.0
14. 1
1. 1
-. 1
49.5
49.3
.4
-.2
39. 4
39.0
.5
-. 1
53.4
53.1
.4
-.1
70.8
70.6
.3
*
74.6
71.7
2.0
.9
66.2
66.7
-4
-1.0
64.0 Net acq. of mortgages
63.6
Home mortgages
1.3
Multi-family mortgages
-.9
Farm mortgages
23
24
25
26
27
13.6
23. 1
19.2
15.0
49.5
39. 4
53.4
70.8
74.6
66.2
64.0 Net incr. in pool securities
27
28
29
35.4
5.1
41.5
10.6
34.3
9.4
36.J
9.0
60.7
1.8
58.4
4.0
54.6
.6
75.0
.6
69.2
-.2
66.7
-2.7
Memo: Totals for agencies and pools
54.7
Housing credit
-.5
Loans to agriculture
28
29
30
36.7
47.3
43.6
45.5
64.5
68.4
66.0
70.9
76. 1
59.7
♦
♦
1.5 Current surplus
Credit market instruments
U.S. Government securities
Open-narket paper
Student loans (SLMA)
1
Housing credit
9
Residential mortgages
10
FHLB loans to s+l assns. 11
Loans to agriculture
Farm mortgages
Loans to coops (BC)
Loans to farmers (FICB)
Miscellaneous assets
-15.8 Net increase in liabilities
Credit market instrunents
-12.3
-12.3
Sponsored agency issues
U.S. Government loans
Miscellaneous liabilities
-3.5
.3 Discrepancy
12
13
14
15
16
17
18
19
20
21
22
Federally related mortgage pools (1)
51.7 Net security issues
(1) GNMA, FNHA, FHLMC, and Farmers Home Administration pools. Excludes
Federal Financing Bank holdings of pool securities, which are in
U.S. Government mortgages and other loans directly.
BILLIONS OF DCLLABS,
III/83 BASED ON INCOMPLETE INFORMATION.
30
NCVEMBEfi 23, 1983
Banking System
Banking System
Sector Statements of Saving and Investment
UNADJUSTED NET FLCWS(i BILL)
ONADJOSTED NET FLOWS($ HILL)
II
1982
III
IV
|
|
1983
II
I
III
1973
BILLIONS OF DOLLABS
1974
1975
1976
1977
Honetary Authority
1 Current surplus
2 Net acg. of financial assets
3
Gold and foreign exchange
4
Treasury curr. ♦ SDR ctfs.
5
Federal Reserve float
6
F.R. loans to domestic banks
7
8
9
10
11
12
13
Credit market instruments
U.S. Government securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Misceilaneous assets
14 Net increase m liabilities
15
Memner bank reserves
16
Vault cash of coml. tanks
17
18
19
20
21
Demand deposits and currency
Due to U.S. Government
Due to foreign
Currency outside tanks
Miscellaneous liabilities
39
37
34
108
107
162
.1
.1
-2
«
.2
1
571
-174
297
663
-1,008
7,911
344
405
-1,995
-515
7,558
649
400
2,185
-406
-5,604
-794
r-2,249
2,091
5,959
-671
534
802
12,503
-606
-307
-1,985
8.1
-.2
.4
-.9
-.7
6.5
.1
-5
-1. 1
-1.0
11.2
.1
1.0
1.7
-. 1
9.8
.1
1.4
-1. 1
-.2
8.6
*
.6
1.2
.2
2
3
4
5
6
835
1,323
1 ,416
-93
-488
-42
9,149
8,336
7,388
948
813
523
5,161
4,494
4,919
-425
667
-431
-4,751
-3,271
-2,661
-610
-1,480
99
5,415
5,212
5,022
190
203
-121
14,852
13,933
13,750
183
919
549
9-2
9.3
8.6
.7
*
.3
6.2
5.2
2.0
3.2
-9
1.8
8.5
8.4
7.4
1.0
.1
*
9.8
10.0
9. 1
.9
-. 1
-.2
7. 1
7.2
5.8
1.4
♦
-.6
7
8
9
10
11
12
13
532
-6,159
3,485
7,874
120
-899
7,524
6,171
334
-5,712
-3,070
-1,246
5,852
-5,415
2,165
12,341
2,693
-2,959
8.0
1.4
2.0
6.4
-1.2
1.0
11.0
.2
.6
9.8
-.9
-. 1
3,364
1,209
179
1,976
-158
8,478
6,839
-219
1,858
175
468
-5,936
-77
6,481
551
-595
-1,392
152
645
-801
8,966
5,227
-208
3,947
136
12,220
7,728
108
4,384
387
3.4
-.5
-. 1
3.9
1.2
7.0
.4
.2
6.3
-.3
10.6
4.5
*
6.2
-.5
10.5
3. 3
.2
7.3
.3
4.9
-3. 3
*
8. 3
-. 1
17
18
19
20
21
8.3 14
1.7 15
1.8 16
Commercial Banking (1)
1 Current surplus
2 Plant and eguipment
3 Net acg- of financial assets
4
Demand deposits and currency
Total bank credit
U.S. Govt, securities
Treasury issues
Agency issues
5
6
7
8
9
10
State + local obligations
Corporate bonds
11
12
13
14
15
16
Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Cpen-market paper
Security credit
2,129
2,905
1,879
3,476
1,905
3,194
2,656
3,350
2,455
3,425
1,686
3,533
4.6
5.8
4.6
5.4
4.3
2.3
4.5
4. 1
5. 3
6.7
1
2
27,271
475
29,773
421
51,193
503
13,393
501
37,882
543
35,470
567
88.1
.3
70.9
-.2
34.5
.1
71.3
-.2
97.6
.5
3
4
25,319
-154
-2,531
2,377
28,505
4,429
2,601
1,828
43,775
18,564
16,765
1,799
13,208
20,756
18,142
2,634
35,672
15,206
15,236
-30
34,275
5,858
5,156
702
81.3
-1.3
-8.9
7.6
64.8
.7
-2.9
3.6
31.5
30.0
28.6
1.4
66.5
20.2
18.7
1.5
90.0
-1. 1
-1.9
.8
5
6
7
8
-962
399
13
1,007
6,164
349
-4,824
1,435
1,257
1,353
713
222
5.7
.3
5.4
1.0
1.8
1.8
3.0
-.6
26,039
4,657
2,301
20,473
-2,529
1,137
23,054
4,320
2,849
13,760
773
1,352
18,694
3,400
2,439
9,536
-33
3,372
-4,168
3,930
-1,242
-3,162
-490
-3,204
17,855
6,991
6, 384
2,792
-1,419
3,307
27,479
13,400
10,218
5,598
332
-69
76.5
19.8
12.6
48.8
-1.3
-3.4
57.7
12.8
3.4
41.5
2. 2
-2.2
-2.1
3.8
3. 1
-12. 1
1. 1
2. 1
43.8
15. 1
12.0
6.4
3.7
6.6
9.2 9
* 10
82. 0
27.4
22.3
29.9
.3
2.2
11
12
13
14
15
16
-3
2
4
9
1
5
*
*
*
*
♦ 17
-2,674
4,151
-779
1,626
6,505
410
-4,316
4,000
-3,250
4,917
-266
894
3.5
3.0
-.3
6.5
.8
2.0
-1.0
6. 1
3.5 18
3.5 19
20 Net increase m liabilities
Checkable deposits
21
22
D.S- Government
23
Foreign
24
Private domestic
26,342
621
-1,514
917
1,218
28,011
14,065
9,4 86
-1,63b
6,215
50,789 11,156
26,074 -14,463
-3,977 -2,301
364
676
29,375 -12,526
36,315
20,173
7,597
1,035
31,541
33,805
1,055
1,229
-1,087
913
85.2
12.7
-1.0
3.0
10.8
68.5
-.2
-5. 1
2.6
2.3
32.6
7.6
-1.7
-.3
9.6
69.6
13.4
1
3.0
10.4
92.9
24.5
4.3
2.4
17.8
14,456
49,263
71,333
18,648
15,657
12.7
17.4
39.9
54.6
28.2 25
3,523 -20,579 -47,452 -12,472
7,558
256
5, 155 -6,808
2,791
5,735
38.0
16.2
39. 3
-1.9
-9.9
3.5
-15.3
13.6
26. 0 26
9.0 27
17
18
19
Corporate eguities
Vault cash * mem. bank res.
Miscellaneous assets
25
Small time and savings dep.
11,421
26
27
Large time deposits
Fed. xunds and security tip's
10,782
-70
28
29
30
31
Net interbank claims
To Federal Reserve
To domestic banks (2)
To foreign banks
-4,270 -9,251
-345 -2,510
3,500
6,529
-7,425 -13,270
32
33
34
35
Corporate eguity issues
Credit market debt
Corporate bonds
Cpen-market paper
146
3,278
-104
3,382
36
37
Profit taxes payable
Miscellaneous liabilities
20
21
22
23
24
-4,826
1 ,779
639
-7,244
-7,720
-158
984
-8,546
9,002
1,336
1,584
6,082
3,731
-2,292
1,726
4,297
-3.6
-1.6
.6
-2.7
.4
-2. 1
2.5
*
-11.9
1.6
-3.8
-9.8
-7.8
-1.3
-.9
-5.7
-4.6
1.4
-5. 4
-.7
28
29
30
31
153
-3,729
602
-4,331
160
1,343
643
700
167
1,666
1,235
431
174
1,423
790
631
181
3,183
1,636
1,547
1.2
3.2
.9
2.2
1.0
4.6
1. 1
3.5
1-0
.8
.5
.3
1.6
6. 1
6.9
-.8
.6
2. 5
1.3
1.3
32
33
34
35
-28
4,462
-19
1,255
-25
-877
-19
2,489
-14
6,191
-22
1,494
.1
4.7
.1
7.7
-. 3
2. 1
3.4
. 2 36
6.7 37
38 Discrepancy
-1,705
-3,359
-1,693
-2,931
-2,537
-3,532
-4. 1
-3.2
.1
-1.4
-6. 1 38
39 Memo:
24,185
27,151
40,399
16,403
32,364
34,339
84.7
67.0
29.5
59.8
87.8 39
Credit mkt. funds adv.
(1) Consists ot U.S.-chartered commercial banks, their domestic affiliates,
Edge Act corporations, agencies and branches of foreign banks, and banks
in D.S. possessions. Edge Act corporations and offices of foreign banks
appear together m these tables as ’’foreign banking offices.”
(2) Floats and discrepancies in interbank deposits and loans.
111/03 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION
NOVEMBER 23, 1983
Banking Systea
Banking System
Sector Statements of Saving and Investaent
SEASONALLY ADJUSTED ANNUAL HATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1978
1980
1981
|
I
1982
1982
III
II
i
1
IV
1983
II
I
III
Monetary Authority
1
.7
.2
-2
.4
.1
-2
.1
.1
.4
.4
2
3
4
5
6
13-3
1.6
.6
2.7
.9
1 0.9
.7
1.7
.3
7. 1
2.6
1.5
-2-3
.4
8.2
*
1.4
-2.7
-. 2
11. 1
.6
.6
1.0
-.9
2.5
-.7
1.2
1.5
-2.6
23.0
1.4
1.6
-5.0
-3.8
18.5
2.6
1.6
4.4
-.6
-1.8
-3.2
-7.2
7.4
27.5
-2.7
.9
5.3
7
8
9
10
11
12
13
7.0
7.3
7.7
-.4
—.4
.5
7.7
7.6
6.9
.7
.1
.2
4.5
4. 4
3.9
.6
.1
—
.5
9.2
9.8
9.6
.1
-.6
.5
9.8
8.5
8-4
.1
1.3
*
3.3
4.9
5.3
-. 4
-1. 6
-.2
26.8
24.1
20.3
3.8
2.7
2. 1
12.2
10. 1
11.8
-1.7
2. 1
-1.7
.9
6.2
8.7
-2.4
-5.3
.4
24.4
22.9
22. 1
.8
1.5
-.5
14
15
16
12.6
4.4
1.5
1 0.6
- 1.4
3.0
6.9
-2.3
1.3
7.8
-2.2
-1.2
11.0
1.3
.9
2. 4
-14.8
7.4
22.9
1.3
-4.3
18.4
21.0
-3.3
-2.2
-19.9
7.0
27. 1
-10.0
.8
17
18
19
20
21
6.3
-3. 3
.1
9.3
.5
8.2
.1
.1
7.9
.9
9.0
-1. 1
-.2
10.3
-1. 1
10. 9
1.2
.1
9.5
.3
8.9
.7
-.2
8.4
-. 1
10.4
4.3
.5
5.5
-.6
25.4
14.2
-.7
11.9
.5
-2.2
-14.4
-.6
12.7
3.0
14.4
-1.5
.9
15.0
-3.8
35.7
23.2
-1.0
13.5
.6
40.6
17.8
.5
22.2
1-3
7.7 Current surplus
14.1 Plant and equipment
.3
.6 Current surplus
39.9 Net acg. of financial assets
-2.4
Gold and foreign exchange
Treasury curr. ♦ SDR ctfs.
1.7
Federal Reserve float
F.R. loans to domestic banks
-10.1
4 8.5
45.6
44.9
-7
2.9
2.2
Credit market instruments
U.S. Government securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Miscellaneous assets
39.3 Net increase in liabilities
Member bank reserves
10.2
-12.8
Vault cash of coml. banks
Demand deposits and currency
Due to U.S. Government
Due to foreign
Currency outside banks
Miscellaneous liabilities
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Coanercial Banking d)
1
2
6.7
9.3
7.9
1C. 7
7.6
9.8
7.5
10.7
9-3
12.4
8. 9
1 1. 6
8.2
13.9
8.8
12.8
7.7
13.4
10.3
13.7
3
4
144. 1
.3
134.6
-7
108.7
.6
134.4
1.0
120.0
1.7
90. 4
1.9
103.4
1.7
158-0
2.0
137.4
2.0
134.9
2.2
121.5 Net acg. of financial assets
2.3
Demand deposits and currency
5
6
7
8
126.2
.5
-6.5
7.0
122.2
7.9
.4
7.6
101.8
25.6
15.9
9.7
108.8
11.7
1. 9
9.8
108-5
27.7
20.4
7.3
88.9
8.2
-.5
8.7
94.6
23.0
16.3
6.7
127.7
64.0
58.0
6.0
135. 1
78.6
65.5
13. 1
132.4
70.2
71.0
-.9
115.1
30.1
28.1
1.9
9
10
9.6
-.3
9.5
-. 1
13.6
.6
5.0
*
4.7
1.9
-2.0
1.6
-2.2
4.0
18.6
1.4
-12.4
5.7
7.7
5.4
.9
.9
11
12
13
14
15
16
116.4
35. 1
26.2
59.3
-1.3
-2.9
104.8
30.6
1 9.9
53.. 0
2.2
-.9
62.0
17.3
-6.2
47.8
1.8
.8
92.2
21. 5
4.0
60.6
.8
5. 3
74.2
16.1
6.3
51.4
-3
*
81. 2
14.6
8.6
6 9.8
-1 1. 7
-. 1
69.9
14.4
2. 1
45.7
.2
7.5
43.6
14. 0
6.8
19.8
2.5
.5
63. 1
21-0
10.5
28.8
-1.1
4.0
49.1
24.2
24.4
-1.6
-6.6
8.6
83.3
43.8
28.6
11.2
-2.3
1.9
17
♦
*
*
-. 1
♦
*
*
*
*
♦
♦
18
19
5.9
1 1.8
1.6
10.1
-1.0
7.3
-3.4
28.0
2.2
7.5
-7. 4
7.0
-3.0
10.2
17.7
10.7
-12.8
13. 1
-9.2
9.5
-2.6
6.7
20
21
22
23
24
138.7
25.3
6.8
-.3
18.8
1z8.0
2 6.5
.4
4. 1
22.0
101.2
4. 9
-2.6
.3
7. 2
128.2
8.7
-1. 1
-3. 9
13.7
115.4
19.2
6. 1
-3.4
16.5
87.0
-18.8
-16. 3
-4.5
2-0
98.9
41. 1
24. 1
-3.9
20.9
151- 3
28.3
4. 1
.2
24.0
131.6
55. 1
-10.4
9. 1
56.3
128.8
65.8
25.1
-4.9
4 5.6
Total bank credit
U.S. Govt, securities
Treasury issues
Agency issues
1
2
3
4
5
6
7
8
State + local obligations
Corporate bonds
9
10
Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Cpen-market paper
Security credit
11
12
13
14
15
16
Corporate equities
17
Vault cash ♦ mem. bank res.
Miscellaneous assets
117.4 Net increase in liabilities
-19.2
Checkable deposits
-10.9
U.S. Government
-1.7
Foreign
-6.7
Private domestic
18
19
20
21
22
23
24
25
13.3
29.3
45.0
40.3
97.0
6 3-6
78.2
178-9
264.9
94. 5
87.2
Saall time and savings dep.
26
27
48.6
20.0
13.8
15.6
47.2
18.3
51.5
14. 4
-8.8
12.0
42-6
-1.0
3.5
33.9
-89.5
.4
-167.4
18.4
-57.5
-26.5
.1
27.1
26
Large time deposits
Fed. funds and security RP’s 27
28
29
30
31
10. 1
3.6
.8
5.7
2 1. 1
.5
-1.7
2z.3
-28. 5
-1.9
-3.4
-23.2
-12.4
-2.9
-2.4
-7.0
-14.3
.1
15.7
-30. 1
-32.7
-1. 1
10. 7
-42. 4
-42.0
-8.8
27.0
-60.2
20.6
3-8
12.4
4. 4
-52.9
-1
-4. 1
-49.0
17.2
6.3
3.3
7.6
12.8
-8.4
6-3
14.8
Net interbank claims
To Federal Reserve
To domestic banks (2)
To foreign banks
28
29
30
31
32
33
34
35
1.1
7.3
.6
6.7
1.3
6.7
2. 1
4.5
.4
7. 1
1. 5
5.6
.5
8.2
1.2
7.0
.6
2.5
1. 1
1.4
.6
13. 1
-. 4
13.5
.6
-14.9
2.4
-17.3
.6
5.4
2.6
2.8
.7
6.7
4.9
1.7
.7
5.7
3.2
2.5
.7
12.7
6.5
6.2
Corporate equity issues
Credit market debt
Corporate bonds
Open-market paper
32
33
34
35
36
37
.1
12.9
.5
13.2
-. 5
7.4
-.4
17.4
-. 1
7.3
-. 1
19.7
-. 1
-1.5
-. 1
6.7
-. 1
6.3
-. 1
29.0
-.1
-3.9
Profit taxes payable
Miscellaneous liabilities
36
37
38
-8.0
-9.4
-9.7
-9.3
-7.7
-6.2
-10.3
-10.7
-11.5
-9.6
39
129.0
123. 1
101. 1
103.6
108.5
89. 1
87. 1
127. 1
131.1
123.8
-10.5 Discrepancy
38
113.2 Memo:
39
Credit mkt. funds adv.
(1) Consists of U.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 DCLLARS.
III/83 BASED ON INCOMPLETE INFORMATION.
25
HOVEHBEB 23, 1983
Coaaercial Banking Subsectors
18
Coaaercial Banking Subsectors
Subsector Stateaents for Component Groups in Coaaercial Banking
OHADJOSTED HET FLOHS(S HILL)
OHADJOSTED HET FLCHS($ MILL)
II
1982
III
1983
|
IV
|
I
II
III
1973
BILLIOHS OF DOLLABS
1974
1975
1976
1977
U.S.-Chartered Coaaercial Banks
2,129
2,905
1,879
3,476
1,905
3,194
2,656
3,350
2,455
3,425
1,686
3,533
4.6
5.8
4.6
5.4
4.3
2.3
4.5
4. 1
5.3
6.7
1
2
26,443
25,883
72
—2,303
2,375
26,542
25,767
4,392
2,579
1,813
48,218
42,793
17,557
35,750
1,807
10,705
12,931
19,813
17,165
2,648
38,041
37,385
14,371
14,369
2
30,102
30,508
5,843
5,142
701
80.1
75.6
-1.4
-8.8
7.4
60.8
56.4
.7
-2.8
3.5
29.0
30.7
30.1
28.4
1.6
59.6
61.3
19.6
18. 1
1.5
91.0
83.7
-1.3
-2.2
.9
3
4
5
6
7
State ♦ local obligations
Corporate bonds
-1,028
294
-82
909
6,146
352
-4,895
1,379
1,363
1,333
685
216
5.6
.4
5.1
1.0
1.6
1.8
2.6
-.6
9.2
-.3
8
9
Total loans
Hortgages
Consumer credit
Bank loans n.e.c.
Cpen-market paper
Security credit
26,545
4,641
2,301
21,072
-2,509
1,040
20,548
4,305
2,849
11,248
809
1,337
18,738
3,386
2,4 39
9,654
87
3,172
-3,366
3,917
-1,242
-3,128
-129
-2,784
20,318
6,979
6,184
5,095
-1,439
3,499
23,764
11,389
10,218
1,859
698
-400
71.0
19.6
12.6
43. 1
-1.5
-2.9
49.5
12.3
3.4
34.3
1.6
-2. 1
-2.8
3.7
3. 1
-12.8
1. 1
2.2
39.8
15. 1
12.0
3.2
3.2
6.2
76.1
27.3
22.3
24.6
.2
1.8
10
11
12
13
14
15
-2,674
3,234
-779
1,554
6,505
-1,080
-4,316
2,090
-3,250
3,906
-266
-140
3.5
1.0
-.3
4.7
.8
-2.5
-1.0
-.6
25,514
394
-1,514
478
9,430
24,780
14,902
9,486
-865
6,281
47,814
8,468
25,660 -13,989
-3,977 -2,301
140
888
29,497 -12,576
36,474
19,348
7,597
516
11,235
28,437
1,397
1,229
-1,115
1,283
77.2
12.5
-1.0
2.2
11.3
58.3
-1.3
-5. 1
2- 1
1.7
27. 1
7.0
-1.7
-.5
9.2
57.9
11.0
-. 1
1.7
9.4
86.3
21.5
4.3
1.7
15.5
14,456
49,263
1 Current surplus
2 Plant and equipment
3 Het acg. of financial assets
4
Total tank credit
O.S. Government securities
5
Treasury issues
6
Agency issues
7
8
9
10
11
12
13
14
15
16
17
Vault cash * mem. bank res.
Hiscellaneous assets
18 Het increase in liabilities
19
Checkable deposits
20
O.S. Government
Foreign
21
22
Private domestic
3.5 16
3.7 17
18
19
20
21
22
71,333
18,648
15,657
12.7
17.4
39.9
54.6
28.2 23
7,907 -21,987 -40,416
7,558
256
5,155
-8,119
-6,808
3,595
5,735
37-1
16.2
38.2
-1.9
-13.3
3.5
-15.6
13.6
23.8 24
9.0 25
-2,824 -16,509
2,185 -2,249
-406
2,091
-1,293 -2,095
-3,310 -14,256
7,764
534
802
2,903
3,525
1,951
-307
-1,985
-2,325
6,568
-5.8
-.9
-.7
-3.3
-.9
-.9
-1.1
-1.0
3.2
-2.0
-10.9
1.7
-. 1
-4.2
-8.3
-9.8
-1.1
-.2
.3
-8.7
-2.8
1.2
-2
-2.7
-1.5
26
27
28
29
30
1.0
.2
-.3
.1
1.6
.7
1.7
.6
.6
.2
5.4
31
32
33
34
23
Small time+savings deposits
11,421
24
25
Large time deposits
Fed. funds and security BP’s
12,992
-70
26
27
28
29
30
Het interbank liabilities
Federal Beserve float
Borroving at F.B. banks
To domestic tanks
To roreign banks
-4,502 -20,579
663 -1,995
-515
-1,008
1,406 -9,974
-5,563 -8,095
31
32
33
34
Corporate eguities
Corporate bonds
Profit taxes payable
Miscellaneous liabilities
146
103
-28
5,058
153
189
-19
213
160
343
-25
-3,032
167
277
-19
2,469
174
-234
-14
5,715
181
169
-22
-226
1.2
*
.1
3.3
1.0
.2
.1
5.5
35 Discrepancy
-1,705
-3,359
-1,693
-2,931
-2,537
-3,512
-4. 1
-3.2
.1
-1.4
-6. 1 35
36 Memo:
24,843
24,430
39,621
15,715
33,886
30,908
78.5
58.5
28.5
55. 1
81.9 36
Credit mkt. funds adv.
Donestic Affiliates of Commercial Eanks
1 Met acg. of financial assets
Inv. in finance co. subs.
2
3
Bank leans n.e.c.
4 Het increase in liabilities
5
Net interbank claims
6
Credit market debt
7
Corporate bonds
8
Commercial paper
9
Hiscellaneous liabilities
-115
-355
240
42
299
-257
198
104
94
1,323
1,280
43
997
1,232
-235
692
797
-105
3- 1
1.4
1.7
1.6
.7
.9
2-9
3.4
-.5
6. 1
6.4
-.3
♦
-.5
.6
1
2
3
-115
-1,778
3,175
-207
3,382
-1,512
42
4,593
-3,918
413
-4,333
-633
198
1,000
300
700
-802
1,323
1,389
958
431
-66
997
-1,056
1,655
1,024
631
398
692
-2,646
3,014
1,467
1,547
324
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
♦
-1.6
2.0
.7
1.3
-.3
4
5
6
7
8
9
________________ _______ ________ ________ _____________ ___________ _______ _______ _______ ______ __
Foreign Banking Offices in U.S.
1
2
3
4
5
6
7
125
-1,108
-265
-18
34
-839
-20
2,386
2,747
-28
-4
46
2,769
-36
1,926
596
951
-3
-232
-120
506
454
854
38
-77
-361
-2,044
-1,367
747
-115
49
-2,068
20
3,768
3,417
-95
34
3,844
-366
4.4
4.4
.2
*
*
4.0
.2
8.5
7.2
.2
.1
*
6.3
.7
1.6
1. 1
-.2
*
*
1.2
*
5.3
4.4
.5
V
-. 1
3.5
.5
-3
97
1,139
2
15
-378
4
200
1,126
9
-420
463
1
-192
-486
5
331
15
*
-.6
.6
*
-. 1
1.4
*
-. 1
.6
*
.4
.4
* 8
.5 9
.3 10
11 Net increase in liabilities
Demand deposits
12
13
Tiae deposits
125
227
-2,210
2,386
-837
-4,384
1,926
414
1,408
506
-474
-7,036
-2,044
825
-4,353
3,768
-342
-804
4.4
.3
1.0
8.5
1.2
1. 1
1.6
.6
3.4
5.3
2.4
.4
5.7 11
3.0 12
2.2 13
14
15
16
Net interbank liabilities
To foreign banxs
To domestic banks
2,010
-1,862
3,872
6,735
-5,175
11,910
-2,002
-3,934
1,932
8,789
5,710
3,079
2,294
2,557
-263
4,426
-2,271
6,697
2.3
-1.8
4.0
4.6
2.0
2.6
-3.0
-1.4
-1.6
2.2
3.0
-.9
-. 2 14
.9 15
-1. 1 16
17
Hiscellaneous liabilities
98
872
2,106
-773
-810
488
1.0
1.6
.7
.3
.7 17
1 Net acg. of financial assets
Credit marxet instruments
2
3
O.S. Government securities
4
State + local obligations
5
Corporate rends
6
Bank loans n.e.c.
7
Cpen-market paper
8
9
10
Corporate eguities
Security credit
Hiscellaneous assets
5.7
4. 9
-. 1
♦
.2
4.7
.1
Bankss in U.S. Possessions
1 Net acg. of financial assets
Demand deposits and currency
2
818
475
803
421
851
503
859
501
888
543
908
567
.5
.3
.1
-.2
1.1
.1
.4
-.2
.8
.5
1
2
Credit marxet instruments
O.S. Government securities
State * local obligations
Corporate ronds
Hoae mortgages
Commercial mortgages
Miscellaneous assets
210
39
84
71
71
-55
133
231
65
99
52
74
-59
151
88
56
18
75
-61
260
191
89
71
18
78
-65
167
80
88
9
-29
80
-68
265
119
110
26
-28
82
-71
222
.1
1
.1
*
.4
.1
.1
.1
.1
.5
-.2
.2
*
.1
.4
-.2
-2
.6
.6
.1
.4
.1
-1
-. 1
-. 1
.3
.2
-. 1
. 1
♦
.1
V
3
4
5
6
7
8
9
818
803
851
859
888
908
.5
.1
1.1
.4
3
4
5
6
7
8
9
10 Net increase in deposit liab.
111/83 BASED OH PBELIHIHABY AHD INCOHPLETE INFORHATION
♦
♦
♦
.8 10
NOVEMBER 23, 19 83
Coaaercial Banking Subsectors
Coaaercial Banking Subsectors
Subsector Stateaents for Component Groups in Coaaercial Banking
J
1978
1979
1980
19
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL BATES
1981
1982
J
1983
1
1982
II
III
IT
I
I
II
III
U.S.-Chartered Coaaercial Banks
7.7 Current surplus
14. 1 Plant and eguipaent
1
2
6-7
9-3
7.9
10-7
7.6
9.8
7-5
10.7
9-3
12.4
8-9
11-6
8.2
13-9
8.8
12.8
7.7
13-4
10.3
13.7
3
4
5
6
7
120-0
107.2
-1
-6.7
6.8
11 1.5
107.9
7.4
-.2
7.6
84.6
84-7
25-0
3 5.3
9.7
107.6
101-6
11.4
1-8
9-6
113.4
108.0
26.7
19.4
7.3
80.0
84. 1
9. 1
.4
8-7
98.7
91.8
22.8
16.2
6.6
147.9
125.5
60.0
53.9
6.0
123.3
130-7
74.8
61-6
13.2
127.7
131.5
66.9
67.6
-.7
8
9
9-4
-.6
9-7
-.3
13-2
.5
5.7
*
4.6
1.7
-2-3
1.2
-2.6
3-6
18.6
1.4
-12-7
5.5
8.2
5.3
.8
.9
10
31
12
13
14
15
98-3
35-3
26-2
42.1
-2.3
-3-0
9 1- 1
3 0-6
19.9
39.9
1.6
-.8
46.0
17-7
-6-2
32.3
1.0
1-2
84.5
21.4
4.0
54.7
—. 2
4-7
75-0
16.0
6.3
51.2
1-0
-5
76. 1
14.5
8.6
63.7
-11.6
.9
68.0
14.3
2.1
44. 1
.3
7-2
45.6
14-0
6.8
21-9
2-9
-. 1
63.0
20.9
10.5
27-2
-4
4. 1
51. 1
24.2
24-4
-1.8
-6.7
11-0
78. 1
43.8
28.6
6.3
-.8
.3
16
17
5.9
7-0
1-6
2-1
-1.0
-9
-3.4
9-4
2.2
3.2
-7.4
3. 3
-3.0
9-9
17.7
4.7
-12.8
5-5
-9.2
5.4
-2-6
2.6
18
19
20
21
22
114.6
22.8
6-8
*
16.1
104-9
25-7
.4
3-4
21.9
77.2
10.5
-2.6
-.2
13-3
103-4
14.8
-1. 1
-3-0
18.9
108.3
20.9
6. 1
-2.2
17.0
76-5
-14. 5
-16.3
-3.0
4.7
94- 1
45.1
24. 1
-.9
21.8
141-2
20.7
4. 1
-4.0
20.6
117.5
58.0
-10.4
10. 1
58.2
121.6
68. 1
25. 1
-3. 1
46.0
109.7 Net acg. of financial assets
109.7
Total bank credit
U-S. Government securities
30.0
Treasury issues
28- 1
1.9
Agency issues
State ♦ local obligations
Corporate bonds
Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Cpen-market paper
Security credit
Vault cash * mem. bank res.
Miscellaneous assets
105-6 Net increase in liabilities
Checkable deposits
-17.3
U.S. Government
-10.9
Foreign
-1.7
Private domestic
-4.7
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
23
13.3
29-3
45.0
40.3
97.0
63.6
78.2
178.9
264.9
9 4.5
87-2
Small time+savings deposits
24
25
42.1
20-0
10.2
15.6
39-3
18.3
43.9
14-4
2.3
12-0
51.4
-1.0
21. 1
33.9
-95.2
-4
-139.3
18-4
-40. 1
-26-5
3.3
27. 1
24
Large time deposits
Fed. funds and security BP’s 25
26
27
28
29
30
2.5
2.7
.9
-3-5
2-3
13.0
-3
.3
-4-0
16.5
-36.7
-2.3
.4
-12-4
-22.3
-18.8
-2.7
-.2
-9.7
-6.2
-27.6
1.0
-.9
-9.5
-18.2
-43.6
1. 5
-2.6
-13.6
-28.8
-80.3
-5.0
-3.8
-39.0
-32.5
35.3
4.4
-.6
25.9
5.5
-93.0
-7-2
7.4
-22.4
-70.7
1.7
-9
5.3
-10.5
6-0
13.9
1.7
-10. 1
-8. 1
30-4
Net interbank liabilities
Federal Reserve float
Borrowing at F.R. banks
To donestic banks
To foreign banks
26
27
28
29
30
31
32
33
34
1- 1
.2
-1
12.4
1.3
-2
.5
9. 3
.4
-2
-.5
.8
.5
-. 1
-.4
6.7
.6
.6
-. 1
3. 1
.6
.4
-. 1
19.6
.6
.8
-. 1
-5.1
.6
1.4
-. 1
-.8
.7
1. 1
-. 1
6.9
.7
-.9
-. 1
24.2
.7
.7
-. 1
-10.0
Corporate equities
Corporate bonds
Profit taxes payable
Miscellaneous liabilities
31
32
33
34
35
-8.0
-9.4
-9.7
-9.3
-7.7
-6. 2
-10.3
-10.7
-11.5
-9.6
-10.5 Discrepancy
36
110-1
108-7
83.5
96.9
107-6
84.7
83.2
125.6
126.6
120.5
109.5 Memo:
Credit mkt. funds adv.
35
36
Domestic Affiliates of Commercial Banks
1
2
3
1-7
2-7
-1.0
5-4
5.5
-.1
4. 3
4. 4
-. 1
8-0
7-9
. 1
1. 1
1-0
.1
-.5
-1.4
1.0
.2
1-2
-1.0
.8
.4
.4
5.3
5. 1
.2
4.0
4-9
-.9
4
5
6
7
8
9
1-7
-3.0
7-2
.5
6.7
-2.4
5.4
-1-4
6.5
1.9
4.5
-3
4. 3
-2.7
6-9
1.4
5.6
.1
8.0
-1.4
8-3
1.3
7.0
1. 3
1. 1
2. 1
1-9
-5
1-4
-2.9
-. 5
-7. 1
12.7
-.8
13. 5
-6. 0
.2
18.4
-15.7
1.7
-17.3
-2.5
.8
4.0
1.2
2.8
-3.2
5.3
5.6
3.8
1.7
-.3
4. 0
-4.2
6.6
4-1
2.5
1.6
5-9
.8
3.8
-
-2.5
-.5
5.3
3.5
3.4
.2
1.4
-1-4
4
4.0
3-0
--5
-2
1.2
.1
2.8 Net acq. of financial assets
Inv. in finance co. subs.
3.2
-.4
Bank loans n.e.c.
2.8 Net increase in liabilities
-10.6
Net interbank claims
Credit market debt
12. 1
Corporate bonds
5.9
Commercial paper
6.2
Miscellaneous liabilities
1.3
1
2
3
4
5
6
7
8
9
Foreign Banking Offices in U-S.
1
2
3
4
5
6
7
21.8
39.6
.5
-.1
.1
18.1
1.0
1 6-5
14.5
.5
-1
-1
13.2
-6
18. 1
17-0
.5
-2
*
15-5
.8
16. 1
7.7
.6
-. 1
.3
5-8
1.0
2.3
.3
.8
-. 1
.1
.2
-.7
7.6
4. 1
-1. 1
-. 1
. 1
5. 1
-. 1
1.4
2-6
-. 1
*
.2
2.7
-. 1
8
9
10
*
.1
2.0
*
♦
2- 1
*
-. 4
1. 5
-. 1
.6
7.9
*
-.5
2-4
*
-1.0
4.6
.3
-1-5
*
.6
4.5
*
-. 1
1.9
*
-2.4
-1.9
11
12
13
21.8
2-5
6.4
16.5
.8
3.6
18- 1
-5-6
7-9
16. 1
-6. 1
7-6
2.3
-1.7
-11. 1
7-6
-4.3
-8. 8
1.4
-3.9
-17.5
5.9
7.6
5.6
5.3
-2.9
-28. 1
—.4
-2. 3
-17.4
14
15
16
10.6
3-4
7.3
9.5
5-8
3.7
10. 9
-.8
11-7
7.9
-.8
8.6
1 1. 1
-11.9
23-0
17.9
-13.5
31.5
19.9
-27.7
47.6
-14-6
-1.1
-13.5
40.1
21.8
18.4
19.7
1-6
18. 1
17
2.3
2.7
4.9
6-8
3.9
2.8
2.9
7. 3
-3.7
»
♦
5.4 Net acg. of financial assets
Credit market instruments
3-6
-.4
U.S. Government securities
State ♦ local obligations
.1
Corporate bonds
5.4
Bank loans n.e.c.
-1.5
Open-market paper
*
1-7
.1
Corporate equities
Security credit
Miscellaneous assets
1
2
3
4
5
6
7
8
9
10
5.4 Net increase in liabilities
Demand deposits
-2.0
-3.2
Time deposits
11
12
13
9.4
-15.6
25.0
Net interbank liabilities
To foreign banks
To domestic banks
14
15
16
-.4
1. 2
Miscellaneous liabilities
17
Banks in O.S. Possessions
1
2
-6
.3
1. 1
-7
1.6
.6
2.7
1-0
3.2
1.7
3- 3
1.9
3-2
1-7
3.4
2-0
3-4
2-0
3.6
2.2
3.6 Net acg. of financial assets
Demand deposits and currency
2.3
1
2
3
4
5
6
7
8
9
-2
-. 1
.3
.2
.1
--3
-1
♦
*
-.2
.1
-1
*
.4
-5
.1
-3
.2
-. 1
-5
-1-1
-.3
-.7
-.3
.3
2
2.9
.6
.2
.2
.1
-3
-.2
-9
.8
.2
.3
-3
.3
-. 2
-5
-9
.3
.4
.2
.3
-.2
.6
.4
.2
-1
-3
-.2
1-0
.8
-4
.3
.1
-3
-.3
.7
.3
.4
*
-. 1
-3
-.3
1. 1
-5
.4
.1
-. 1
-3
-. 3
.9
Credit market instruments
U.S. Government securities
State + local obligations
Corporate bonds
Home mortgages
Commercial mortgages
Miscellaneous assets
3
4
5
6
7
8
9
10
.6
1- 1
1.6
2.7
3.2
3. 3
3.2
3-4
3.4
3.6
3.6 Net increase in deposit liab.
BILLIONS CF DCLLARS.
♦
III/83 BASED ON INCOMPLETE INFORMATION.
10
NOVEMBER 23, 19 83
Nonbank Finance Suaaary
Nonbank Finance Suaaary
Private Nonbank Financial Institutions
UNADJUSTED NET FLOWS ($ MILL)
UNADJUSTED NET FLOWS($ HILL)
II
1982
III
J
IV
1
I
1983
II
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
Private Nonbank Financial Institutions - Total
710
1,318
1,510
847
1,022
1,286
2,394
1,268
3,175
1,313
3,685
1,352
4.5
2.0
4.7
2.6
2.5
5.3
5.8
3.6
9.9
2.2
1
2
3 Net acg. of financial assets
Demand deposits and currency
4
Time and savings deposits
5
6
Security RP’s
7
Foreign deposits
67,015
4,548
6^334
516
738
78,796
5,024
5,275
2,724
-385
54,267
2,638
-7,861
-5,205
940
64,921
639
-8,239
2,854
-4,577
76,118
1,111
-4,242
-2,052
462
83,383
1,281
-4,947
4,440
246
93.0
*
.1
2.0
78-9
.4
5.7
2.4
112.5
.5
4.2
-1.0
152.9
1.0
-2.3
1.6
-
191.7
.9
3.8
3.0
*
3
4
5
6
7
8
9
10
11
12
13
14
15
Corporate eguities
Credit market instruments
U.S. Government securities
State ♦ local onligations
Corporate + foreign bonds
Mortgages
Consumer credit
ether loans
4,607
39,026
18,771
3,163
6,122
-3,796
4,493
10,273
5,565
50,134
44,249
5,195
4,837
-5,894
3,125
-1,378
14,166
34,902
31,541
3,684
9,051
-7,485
4,731
-6,620
14,478
52,434
33,743
6,377
8,761
3,451
388
-286
15,208
54,710
13,112
1,718
12,798
12,693
5,289
9,100
7,686
65,696
24,393
3,354
4,300
20,530
5,102
8,017
13. 1
78.8
.9
3.6
12.2
46.3
8.8
6.9
5.8
60.9
2.5
1.6
17.9
25.0
5.2
8.7
9.8
91.8
21.5
6.0
25.4
27.3
5.0
6.7
12.5
129.5
24.6
9.3
29.2
46.0
10.3
10.0
7.4
171.1
21. 6
13.5
37.5
66.5
16. 1
15.8
8
9
10
11
12
13
14
15
16
17
18
Security credit
Trade credit
Miscellaneous assets
1,126
532
9,588
713
519
9,227
4,244
517
9,926
2,230
511
4,591
7,045
501
3,375
2,404
497
6,080
-4.3
.6
2.6
-1.6
.5
4.6
1.0
.6
5.6
4.6
1.2
4.7
70,919
7,001
10,124
2,512
26,901
3,137
77,063 53,625 63,869 74,181
13,725 25,603 41,366 28,820
22,025 -17,013 -26,296 -15,680
1,590
-12
3,540
2,723
25,643 31,261 35,054 31,525
6,754 12,551
7,163
8,716
80,639
31,385
-1,625
3,534
30,678
6,875
91.3
27.8
30.7
1.3
80.0
22- 1
2.4
1.5
33.4
.9
115.2
59.4
1.3
.1
39.7
-.5
148. 1
69.2
*
-.1
47.7
-1.8
183.2
69.7
.2
1.9
60.7
2.8
19
20
21
22
23
24
10,541
191
30
602
6,482
3,236
-3,430
644
29
-469
-1,878
-1,756
-3,283
1,143
29
1,287
-4,101
-1,641
-6,456
1,627
28
-1,620
-506
-5,985
3,972
2,095
28
-1,249
4,321
-1,223
2,428
2,186
27
166
980
-931
22.7
3.5
.3
9.0
2.7
7.2
13.7
1.9
.2
4.6
.3
6.7
-3.8
2.8
.4
-3.7
.7
-4.0
.7
3.0
.4
-3.7
3.0
-2-0
21.3
8.9
*
-.3
8.4
4.3
25
26
27
28
29
30
1,011
10
9,682
3,139
82
7,126
5,175
74
5,066
-2,425
39
6,496
3,872
54
10,179
234
46
7,084
-3.4
.1
12.2
-2.9
*
9.0
2.9
.1
15.9
7.9
.5
24.0
.9 31
.7 32
24.9 33
3,296
-1,070
-906
74
-75
-411
.8
3-2
-. 1
-2.6
-.8 34
1 Current surplus
2 Physical investnent
19 Net increase in liabilities
Time and savings deposits
20
21
Money market fund shares
Security RE’s (s+1)
22
Insurance ♦ pension reserves
23
24
Corporate eguity issues (1)
25
26
27
28
29
30
Credit narket instruments
Corporate bonds
aortgages
Bank leans n.e.c.
Cpen-market paper
Fed. Home Loan Bank loans
31
32
33
Security credit
Profit taxes payable
Miscellaneous liabilities
34 Discrepancy
1.0 16
1.3 17
3.3 18
(1) Includes autual fund shares.
Savings Institutions Conbined
1 Current surplus
2 Net acg. of financial assets
3
Demand deposits and currency
4
lime deposits
5
Security RP’s
6
7
8
9
10
11
12
13
14
15
Corporate eguities
Credit market instruments
U.S. Govt, securities
State ♦ local obligations
Corporate bonds
-971
-4 86
-157
300
311
777
2.9
2-3
2.0
2.9
3.8
1
17,136
267
3,500
1,063
13,825
1,044
-484
556
21,995
205
2,891
-2,523
39,629
928
3,228
5,840
35,913
209
1,459
-864
36,992
718
-3,303
1,691
39.5
-.1
-.7
2.0
32-2
.1
1.5
2.3
58. 1
.3
5.0
-1.1
72. 1
.2
-1.5
1.6
84.9
*
1.0
2.9
2
3
4
5
-93
4,381
8,384
-128
-1,013
-1 16
5,275
9,279
-184
-314
-117
13,255
19,954
166
112
79
26,950
22,489
-55
1,063
60
34,151
19,758
-148
1,121
56
34,050
10,756
-5
415
.4
36.3
.3
.1
-1. 1
.2
25.3
-.3
.3
.9
.2
51.2
9.7
1.6
3.5
.1
68.4
10.2
.6
2.8
.4 6
78.5 7
7.0 8
.4 9
1.2 10
-7,311 -9,730
-7,496 -10,301
-802
-780
988
1,350
-1
1
1,559
-1,149
549
2,159
10,306
6,160
1,111
3,025
10
17,492
13,368
1,590
2,535
-1
34.2
26.0
3.3
4.9
*
21-3
16. 1
1.7
3-4
*
30.5
22.6
2.6
5.3
61.9
52.0
4.9
4.9
*
11
12
13
14
15
-4,805
-5,785
137
843
-
♦
47.6
38.8
3.3
5.6
*
Consumer install, credit
Consuner noninstall.credit
Cpen-market paper
Miscellaneous assets
697
311
935
8,018
2,189
480
1,136
7,550
1 ,329
456
968
8,278
1,149
348
397
2,604
2,806
465
-157
898
3,605
560
1,227
3,780
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
8. 1
.3
-.3
2.2
16
17
18
19
20 Net increase in liabilities
Deposits
21
Security fit’s
22
23
Cr. mkt. instr. (svgs.+loan)
24
Profit taxes payable
25
Miscellaneous liabilities
18,106
7,001
2,512
2,499
-5
6,099
15,023
13,725
1,590
-2,702
3
2,407
22,192
25,603
-12
-3,931
-8
540
39,533
41,366
3,540
-6,023
-11
661
35,755
28,820
2,723
-1
-6
4,219
36,656
31,385
3,534
207
-17
1,547
36.7
27.8
7.6
1.2
30. 1
22. 1
1.5
6.2
.1
.2
56.0
59.4
.1
-4.2
.1
.6
68.9
69.2
-. 1
-1.7
.2
1.2
80.3
69.7
1.9
6.9
.2
1.6
20
21
22
23
24
25
-1
712
40
204
153
441
.1
.2
*
-. 4
16
17
18
19
Mortgages
Home mortgages
Multi-family
Commercial
Farm
26 Discrepancy
111/33 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION
♦
-. 8 26
NOVEMBER 23, 19 83
Nonbank Finance Suaaary
Nonbank Finance Suaaary
21
Private Nonbank Financial Institutions
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
I
1978
1979
1980
1981
1982
1
|
1982
II
III
IV
|
1983
I
II
III
Private Nonbank Financial Institutions - Total
1
2
13-1
2.2
11.0
3.0
9.2
3.9
2.9
5.3
2. 1
4.9
1.4
5.3
4.8
3.4
4.8
5. 1
11.8
5. 1
11. 1
5.3
3
4
5
6
7
202.9
3.3
8.4
1.8
-5
214.7
3.5
5.3
5.5
4.6
222. 1
3.6
19.0
3.2
1.7
297-5
3. 1
23.5
14.6
12. 1
254.5
10.4
3.8
2.1
4.9
261.3
17.9
23. 1
2. 1
3.0
329.3
18.0
32.7
11.6
-1.5
186.4
6.9
-34.2
-17.6
3.8
286.5
8.9
-39.7
7.8
-18.3
296.6
4.1
-19.6
-8.3
1.8
349.7 Net acq. of financial assets
2.4
Deaand deposits and currency
-6.7
Tiae and savings deposits
18.6
Security BP’s
1.0
Foreign deposits
3
4
5
6
7
8
9
10
11
12
33
14
15
4.5
173.3
17.. 5
15.2
33.0
68.4
19.4
19.8
9.7
171.6
2 1.8
10.9
20.7
62.4
22.2
33.6
16.8
161.2
43.2
9.7
25.3
44. 2
10.2
28.6
22.2
201-7
56.7
7.3
27.5
29. 1
15.4
65.6
27.9
162.7
122.1
14.9
25.2
-19.1
10.2
9.4
17.7
152.6
87.9
12.6
18.9
-20.0
15.8
37.3
25.3
200.9
179.5
20.9
23.1
-31.9
9.3
-. 1
47.5
122.7
119.8
14.7
33.0
-30.4
14.8
-29. 1
64.3
232.8
126.6
25-4
40.2
24.8
15.0
.9
60.5
214.5
65.2
6.8
45.3
47.5
17.2
32.5
34.6
264.0
101.7
13.6
2 1.4
74.4
16.2
36.7
Corporate equities
Credit aarket instrunents
U.S. Governaent securities
State + local obligations
Corporate ♦ foreign bonds
Nortgages
Consuaer credit
Other loans
8
9
10
11
12
13
14
15
16
17
18
1.6
1.5
8.0
1.1
1.9
11.4
6-5
2.0
8.1
-2.3
2.6
20.0
3.2
2.1
37.4
4.5
2.1
38.4
2.9
2.1
37.4
17.0
2. 1
38.2
8.9
2.0
19.8
28.2
2-0
13.4
9.6
2.0
24.2
Security credit
Trade credit
Miscellaneous assets
16
17
18
39
20
21
22
23
24
192.2
59.1
6.9
2-1
66.6
1-3
204.9
46.9
34.4
.5
60.0
1.9
219.2
57.6
29.2
2.1
80.8
6. 9
302-5
26. 1
107.5
3.0
91.8
7.2
259.2
62.1
24.7
3.8
108.5
22- 1
271.3
39.3
40.5
10. 0
108.3
15.7
325.4
68.6
88.1
6.4
102.9
30.0
187. 1
83-9
-68. 1
126. 1
25.5
281.6
159.0
-105.2
14.2
137.6
46.4
283.1
129.3
-62.7
10.9
126.5
38.6
341.5 Net increase in liabilities
141.6
Tiae and savings deposits
Money aarket fund shares
-6.5
14. 1
Security BP’s (s+1)
123.5
Insurance ♦ pension reserves
Corporate equity issues (1)
29.0
19
20
21
22
23
24
25
26
27
28
29
30
30.2
6.8
-1
2.8
7.9
12.5
27.9
5.7
*
-.4
13.4
9.2
11.4
5.6
-- 1
-.4
-.8
7. 1
29.8
-2.0
-.5
2-2
13.9
16-2
1.9
1.2
.1
3.2
-3.4
.8
24. 3
-.7
.1
1. 2
16.2
7. 5
-12.2
3.9
.1
1.3
-5.8
-11.6
-17.7
2.7
. 1
1.1
-15.6
-6.0
-1.2
9.3
.1
-4.3
8. 1
-14.4
-5.3
7.0
. 1
-6.0
4.9
-11.4
9.5
9.9
.1
3.7
4.3
-8.4
Credit aarket instruments
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-market paper
Fed. Home Loan Bank loans
25
26
27
28
29
30
31
32
33
♦
.8
25.1
1. 1
-.2
32.4
6.0
-.8
25.9
2.5
-1.2
35.7
3.2
.1
32.8
-.6
. 1
33.7
14.6
.3
26.7
7.7
.2
29.5
7.1
.1
23.6
10.9
.3
34.7
3. 1
.2
26.8
Security credit
Profit taxes payable
Miscellaneous liabilities
31
32
33
34
.2
-1.9
2-4
2.6
1.9
6. 1
-2.5
.4
1.8
-7.7
♦
13.4 Current surplus
5.4 Physical investaent
-.3 Discrepancy
(D
1
2
34
Includes mutual fund shares.
Savings Institutions Combined
1
5.0
4.3
1.2
-4.5
-3.3
-3.9
-1.9
-.6
1.2
1.2
2
3
4
5
81.3
1.1
.2
1-7
66.5
.5
-.8
3.4
69.2
1.7
8.5
-. 1
43.5
2.3
-a. 1
5.7
71.3
2. 1
9-6
-4
69.4
2.3
11.8
4.3
60.2
3.2
9.7
2-9
81.7
-7
8.8
-6.9
158.5
3.2
6.2
19.7
145.3
2.2
3.3
-3.6
155. 1 Net acq. of financial assets
Demand deposits and currency
1.8
Time deposits
-. 1
Security BP’s
7.6
6
7
8
9
10
.1
72.8
5-4
.6
.1
-. 1
56.7
2- 1
-.5
-1. 1
-.5
54.9
21.4
-.5
.7
-.6
27.2
5.2
*
-1-0
-.5
30.6
48.0
-.3
-1. 1
-.4
19.3
39.8
-.5
-4. 1
-.5
14.1
42.1
-.7
-1.3
-.4
47.9
71.9
.7
.4
.3
117.2
87.9
-.2
4.3
.2
139.7
84.8
-.6
4.5
.2
130.7
49-6
*
1.7
11
12
13
14
15
58.4
50.5
4.4
3.5
«
4 8.4
42.9
2. 1
3.4
*
29.8
28. 1
.1
1.6
18.4
17-0
-.5
2-0
-25.6
-27.5
-1.5
3.4
*
-23.6
-27.0
.5
2.8
-
-38.7
-40.0
-3.2
4.4
*
-38. 1
-39.4
-3- 1
4.4
♦
17.5
5.6
2.2
9.7
-
38.3
22.4
4.4
11.4
60.7
43.5
6.4
10.8
♦
♦
16
17
18
19
7.3
.5
.6
5.3
3.6
2.4
1.8
6.8
-.9
1.4
3.0
4.7
3.5
-1.8
2.8
10.0
4. 1
1. 1
4.3
29. 1
2.8
1.2
3.6
32. 1
5-9
1.9
4.9
30.7
6. 1
1.8
5. 1
31.6
6-5
1.4
-.1
11.9
11.5
1.9
-.7
3.5
11.3
2.2
5.2
15.0
20
21
22
23
24
25
76.0
59.1
2-1
13.5
-2
1.0
6 2.0
46-9
.5
12-6
-.2
2-3
68.5
57.6
2. 1
7.4
-.3
1.7
49.4
26. 1
3.0
15-5
-.3
5. 1
75.9
62. 1
3.8
-3.0
*
13.0
73. 1
39.3
10.0
4.4
*
19.3
64.4
68.6
6.4
-18.3
*
7.8
83. 1
83-9
*
-12. 1
*
11.4
158.3
159.0
14.2
-15.0
-. 1
.2
144.4
129.3
10.9
-6.6
26
-.3
-.2
.5
1.4
1.2
-.2
2.3
.7
1.0
.4
BILLIONS CF DCLLARS.
♦
III/83 BASED ON INCOMPLETE INFOBHATION.
♦
10.9
3. 1 Current surplus
Corporate equities
Credit market instruments
U.S. Govt, securities
State ♦ local obligations
Corporate bonds
Mortgages
Home mortgages
Multi-family
Commercial
Farm
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Consuaer install, credit
Consumer noninstall.credit
Open-market paper
Miscellaneous assets
16
17
18
19
153.1 Net increase in liabilities
141.6
Deposits
14. 1
Security RP’s
Cr. mkt. instr. (svgs.+loan)
-7.3
-. 1
Profit taxes payable
4.7
Miscellaneous liabilities
20
21
22
23
24
25
1. 1 Discrepancy
26
NOVEHBEB 23, 1983
Savings Institutions
Savings Institutions
Sector Statements of Saving and Investaent
22
UNADJUSTED NET FLOWS($ HILL)
UNADJUSTED BET FLOWS($ HILL)
II
1982
III
IV
|
J
I
1983
II
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
Savings and Loan Associations
-802
-407
-201
391
140
693
2.0
1.5
1.4
2.0
2.7
1
2 Net acg. of financial assets
Hortgages
3
Consuaer credit
4
13,696
-3,812
516
10,364
-7,073
1,454
18,282
-9,473
1,212
29,154
1,672
1,455
27,274
10,022
1.509
31,783
17,334
1,328
30.3
28.1
1.2
25. 1
19.0
.9
40.8
27.7
.8
52.0
42.7
1. 1
64.3
55. 1
1.5
2
3
4
5
6
7
8
Other assets
Deaand deposits * currency
Tiae deposits
Fed. funds + security BP’s
16,992
363
2,107
1,150
15,983
550
352
747
26,543
322
2,210
-1,508
26,027
1,382
1,956
5,405
15,743
201
1,561
-426
13,121
562
-1,327
1,642
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
7.7
-.2
.1
2.3
5
6
7
8
U.S. Treasury securities
U.S. Govt, agency secur.
State ♦ local obligations
Cpen-narket paper
Hiscellaneous
-1,189
6,915
-92
883
6,855
761
6,561
-135
459
6,688
7,625
9,431
-113
620
7,956
5,107
9,700
12
166
2,299
7,325
6,300
-2
-5
789
-776
8,300
2
980
3,738
-2.0
2.3
-1.6
1.2
.3
-.2
2.3
.6
4. 1
1.0
-9
1.9
4.9
.7
-.3
-. 1
2.9
-1.0
4.9
V
-.3
1.8
9
10
11
12
13
14,729
3,499
2,512
11,433
10,204
1,590
18,601
20,891
-12
29,279
30.719
3,540
27,462
20,900
2,723
31,357
26,256
3,534
28.5
20.2
23.7
16.0
1.5
39.5
42.8
.1
49.7
50.2
-. 1
1 Current surplus
9
10
11
12
13
14 Net increase in liabilities
Deposits
15
16
Security BP’s
-1.3
1.3
17
18
19
20
Credit aarket instrunents
Corporate bonds
Bank loans n.e.c.
Fed. hone loan bank loans
2,499
-737
3,236
-2,702
20
-966
-1,756
-3,931
-66
-2,224
-1,641
-6,023
9
-47
-5,985
-1
17
1,205
-1,223
207
8
1,130
-931
7-6
.4
7.2
6.2
-.4
6.7
-4.2
.1
-.3
-4.0
-1.7
.1
.2
-2.0
21
22
Profit tares payable
Hiscellaneous liabilities
-5
6,22*
3
2,338
-8
1,661
-11
1,054
-6
3,846
-17
1,377
*
.6
.1
-. 1
.1
.7
.2
1.1
23 Discrepancy
24 Heno:
Acg.of credit akt.inst.
61.1 14
50.9 15
1.9 16
6.9
1.2
1.4
4.3
17
18
19
20
.2 21
1.2 22
231
662
118
516
328
267
.2
.1
♦
-.2
-.5 23
3,221
2,027
9,302
18,112
25,149
27,168
28.3
19.5
35. 1
49.0
60. 1 24
Hutual Savings Banks
1 Current surplus
2
3
4
5
Net acg. of financial assets
Deaand deposits and currency
Tiae deposits
Fed. funds and security BP*s
-284
-197
-75
-205
58
-26
.6
.5
.4
.4
.7
1
449
-116
971
-87
1,341
474
147
-191
596
-136
360
-1,015
4,617
-473
102
435
3,161
-10
-314
-438
2,575
138
-12
49
6.0
.1
.2
.7
3.8
*
.2
-.3
11.5
.1
.1
-- 1
13-8
*
.4
12.5
*
*
.6
2
3
4
5
.4
4.3
-.5
.1
.2
10.7
2.2
1-7
.6
3.5
. 1
12.8
1.1
2.9
.9
2.8
.4 6
7
11. 1
8
. 1
2.6 9
.4 10
1.2 11
6
7
8
9
10
11
Corporate eguities
Credit aarket instrunents
U.S.-Treasury securities
U.S. Govt, agency secur.
State * local obligations
Corporate bonds
-93
-1,389
-169
653
-36
-1,013
-116
165
-150
114
-49
-314
-111
1,176
343
311
279
112
79
4,169
1,844
1,124
-67
1,063
60
3,754
785
1,798
-146
1,121
56
2,302
178
1,073
-7
415
-1.1
.2
3. 1
-.4
.2
V
.9
12
13
14
15
Hortgages
Consuner credit
Coaaercial paper
Hiscellaneous assets
-1,118
242
52
1,163
-364
251
677
862
-383
166
348
322
-240
214
231
305
157
191
-152
109
30
366
247
42
5.7
.3
-. 1
.2
2.2
.2
.1
.5
2.3
.2
. 1
.6
4.4
.3
.4
.4
6.5 12
.5 13
♦ 14
.3 15
16 Net increase in liabilities
Deposits
17
18
Hiscellaneous liabilities
501
626
-125
1,588
1,519
69
593
1,714
-1,121
4,510
4,903
-393
2,928
2,555
373
2,775
2,605
170
5.3
4.7
.6
3.4
3. 1
.3
11.0
11-2
.1
13.1
13.0
.1
11.5 16
11. 1 17
.4 18
19 Discrepancy
-232
50
-78
-312
-175
174
-. 1
.1
-.1
-.2
-.3 19
♦
Credit Unions
115
138
119
114
113
110
.3
.3
.3
.4
.5
1
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Time deposits
5
Savings and loan deposits
2,991
20
-36
458
2,120
20
-983
3,117
19
321
5,858
19
1,170
5,478
18
1«
198
2,634
18
12
-1,976
3.2
*
.3
-.6
3.3
V
.2
.4
5.8
-. 1
.5
*
6.4
-.1
-.2
.1
8.2
.1
-1
.8
2
3
4
5
Credit aarket instrunents
U.S. Governaent securities
Hoae aortgages
Consuaer credit
2,549
2,174
125
250
3,083
1,993
126
964
2,777
2,244
126
407
4,669
4,714
127
-172
5,248
3,550
127
1,571
4,580
1,981
128
2,471
3.6
.5
.4
2-7
2.7
.4
.1
2.3
5.4
1.1
.5
3.8
6.6
.6
.5
5.5
7.2
.5
.3
6.4
6
7
8
9
2,876
2,002
2,998
5,744
5,365
2,524
2.9
3.0
5.5
6.0
7.7 10
1 Current surplus
6
7
8
9
10 Credit union shares
III/83 BASED OB PBELIHIBABI ABD IBCOHPLETB IBFORHATIOB
NOVEflBEB 23, 1963
Savings Institutions
Savings Institutions
23
Sector Stateaents of Saving and Investnent
SEASONALLY ADJUSTED ANNUAL BATES
1978
1979
1980
SEASONALLY ADJUSTED ANNUAL BATES
1981
1982
|
J
1982
III
II
|
1
IV
1983
II
I
III
Savings and Loan Associations
1
3.6
3.3
1.4
-3-7
-2.9
-3.2
-1.6
-.8
1.6
.6
2
3
4
63.5
51.4
-3
56.6
4 4.2
3.7
52.6
28.7
2.6
35.8
18.3
—. 2
55.3
-23.5
3.3
55.8
-20.2
2.4
42.0
-37.2
5.3
65.4
-36.3
4.6
122.4
17.3
6.2
110.9
36.6
6.4
5
6
7
8
11.8
.1
.4
1.7
8.6
.5
-2.2
2-5
21-3
-5
2-5
-.7
17.7
1.0
-.7
4.2
75.4
1.9
7.2
.4
73.6
2.3
7- 1
4.6
73.9
1.7
6.4
3.0
97. 1
2.8
7.2
-6.0
98-9
3-5
5.7
21.6
68.0
1.7
4.7
-1.7
63.7
1.7
-2
6.6
Other assets
Demand deposits ♦ currency
Time deposits
Fed. funds ♦ security RP's
5
6
7
8
9
10
11
12
13
♦
4.6
.1
.4
4.6
-2.9
3.9
-.1
.7
6.3
5.7
8-1
*
1.5
3.7
-3.5
6.6
.1
1.2
8.8
7.5
29.8
-.5
2.7
26.4
1. 5
26.8
-. 4
3.5
28.3
6.4
27.6
-.5
2.1
27.2
22.5
38. 1
-.5
3. 1
30.0
20.3
37.7
*
-.2
10. 1
35.3
24. 1
*
-.2
4. 1
.9
35.3
*
4.2
14.8
O.S. Treasury securities
U.S. Govt, agency secur.
State ♦ local obligations
Open-aarket paper
Hiscellaneous
9
10
11
12
13
14
15
16
59.6
44.2
2.1
53.0
39.1
.5
51.9
41.8
2. 1
40.8
20. C
3-0
59.6
45.5
3.8
59.8
25-7
10-0
46.3
48.5
6.4
67.5
67. 1
*
122.0
119.8
14.2
111.5
97.9
10.9
17
18
19
20
13.5
-7
.3
12.5
12.6
1.4
2.0
9.2
7.4
.4
-. 1
7. 1
15.5
-.5
-.2
16.2
-3.0
*
-3.8
.8
4.4
-3. 1
7.5
-18.3
.1
-6.8
-11.6
-12. 1
-.3
-5.9
-6.0
-15.0
-.7
-14.4
-6.6
.1
4.8
-11.4
-7.3
*
1.1
-8. 4
21
22
.2
-.3
-.2
1.1
-.3
.9
-.3
2.6
*
13.3
*
19.7
*
9.8
♦
-.1
3.2
♦
12.6
9.4
-. 1
6.5
♦
23
-..2
-.3
.7
1-2
1.4
.8
2.7
1.3
1-2
1.2
24
56.7
4 9.4
46.6
22.6
19.4
13.6
3.6
31.6
81.4
10 2- 1
2.8 Current surplus
129. 1 Net acg. of financial assets
60.6
Nortgages
4.8
Consumer credit
127.4 Net increase in liabilities
114.2
Deposits
14. 1
Security RP’s
1
2
3
4
14
15
16
Credit aarket instruments
Corporate bonds
Bank loans n.e.c.
Fed. home loan bank loans
17
18
19
20
Profit taxes payable
Kiscellaneous liabilities
21
22
1. 1 Discrepancy
105.8 nemo:
23
Acg.of credit mkt.inst. 24
Mutual Savings Banks
1
.9
.7
-.4
-1.2
-.9
-1. 1
-.8
-.3
-.8
.2
2
3
4
5
10.9
1.0
-3
*
5.2
-.3
-.3
.9
8.2
1. 1
*
.6
4.2
1.2
-. 1
1.5
4.4
.1
1.4
*
2.9
*
3.9
-. 3
5.5
1.5
.6
-. 1
3.9
-2. 1
1-4
-.9
15.9
-.4
.4
-1.9
13.6
.5
-1.3
-1.8
6
7
8
9
10
11
.1
8.8
--9
1.7
.5
.1
-. 1
4.4
-.2
1.3
-.4
-1.1
-.5
5.9
.8
2.5
-.5
-7
-.6
.9
-.2
1.2
1
-1.0
-.5
.6
.7
1.2
.2
-1. 1
-. 4
-4. 1
-.5
3.4
-. 1
-4. 1
-.5
-4
-.2
.4
-.2
-1.3
-.4
4.2
2.0
.3
1. 1
.4
.3
15.7
5.9
5.1
-.3
4.3
.2
16.6
3.4
7.9
-.6
4.5
-2
9.2
1.3
4.2
*
1-7
Corporate eguities
Credit market instruments
U.S. Treasury securities
U.S. Govt, agency secur.
State ♦ local obligations
Corporate bonds
6
7
8
9
10
11
12
13
14
15
6.5
.7
.2
.7
3.6
-1
1. 1
-5
.6
.4
1.5
1-0
-.4
1.5
1.2
-2.6
.6
1.6
2.7
-4. 0
1.0
.2
3.8
-2.0
1.0
2.7
3.5
-2.3
.7
2.0
1.7
-.3
.9
.1
1.8
1. 2
.8
-.5
-.6
-.4
1.5
1.0
.2
Hortgages
Consumer credit
Commercial paper
Miscellaneous assets
12
13
14
15
16
17
18
10.0
8.6
1.4
4.6
3.4
1.2
8.3
7.5
.8
5.5
3.0
2.6
5.0
5.3
-.3
3.0
3.4
-. 4
5.9
7.9
-1.9
3.6
4.8
-1.2
16.4
19.4
-2.9
12.5
11.0
1.5
19
-.1
-.2
.2
-.2
-1.0
-.3
-.6
-.2
-.8
—
*
------
_-
*
-- —
1 Current surplus
10.5 Net acg. of financial assets
*
Demand deposits and currency
*
Tiae deposits
1.0
Fed. funds and security RP's
10.7 Net increase in liabilities
12-4
Deposits
-1.8
Hiscellaneous liabilities
♦ Discrepancy
1
2
3
4
5
16
17
18
19
— —— — —
—
Credit Unions
1
.6
-3
.2
-4
.5
.5
-5
-5
.5
.5
2
3
4
5
6.9
-1
-.5
4.8
.2
*
1.8
8.5
.1
2. 1
3-9
3.5
-1
-.7
.4
11.7
.1
1. 1
10.6
.1
-. 1
.9
12.7
.1
2.6
12-4
.1
.2
20.3
.1
*
20.8
.1
.1
-.3
15.5 Net acg. of financial assets
.1
Deaand deposits and currency
*
Tine deposits
-.3
Savings and loan deposits
2
3
4
5
6
7
8
9
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
10.6
8.8
.5
1-3
9-8
8.7
.5
.6
10.0
8.0
-5
1-5
12. 1
9-0
.5
2.6
20.2
18.9
-5
.8
21-0
14.2
.5
6.3
15.7
7.9
-5
7- 3
6
7
8
9
10
6.4
4.4
8-3
3. 1
11-2
10. 2
12.2
12.0
19.8
20.4
15-0 Credit union shares
*
BILLIONS OF DCLLARS.
III/83 BASED ON INCOHPLETE INFORMATION.
.4 Current surplus
Credit market instruments
U.S. Government securities
Home mortgages
Consumer credit
1
10
NOVEMBER 23, 1983
Insurance and Pension Funds
Insurance and Pension Funds
Sector Statenents of Saving and Investaent
OH ADJUSTED MET FLOWS {$ BILL)
UNADJUSTED MET FLOWS($ BILL)
1983
II
1982
III
IV
I
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
Life Insurance Conpanies
1,755
1,252
1,687
781
1,662
1,220
2,663
1,202
2,720
1,247
2,954
1,286
2-3
1.2
3.1
1.6
2.5
2.3
2.8
2.0
3.6
1.9
1
2
3 Net acg. of financial assets
4
Denand deposits and currency
13,742
927
15,105
808
14,819
740
17,393
-1,290
16,652
336
16,810
42
16.9
.1
16.6
1
20.4
-.1
28.2
.1
31.2
.1
3
4
Corporate eguities
Credit aarket instrunents
U.S. Governnent securities
Treasury issues
Agency issues
704
10,064
2,052
927
1,125
1,688
10,535
3,351
2,303
1,048
200
11,827
4,841
3,623
1,218
2,291
14,353
3,311
2,708
603
1,567
12,714
2,810
1,904
906
1,100
13,615
3,316
2,759
557
3.6
12.3
-.2
-.4
.1
2.3
12.9
.1
-. 1
.2
1.9
16.9
1.7
1.4
-4
3.0
23.7
1.5
.6
.9
1.2
27.5
1.6
-. 1
1.7
5
6
7
8
9
499
3,787
777
1,598
1,351
2,047
416
3,527
865
1,324
1,052
2,074
538
5,032
1,515
-640
541
2,052
417
5,502
1,112
3,440
571
2,039
891
6,025
1,694
912
382
2,035
545
4,880
2,125
2,463
286
2,053
*
5.9
4.4
♦
2.2
.9
.3
4.0
4.9
1. 1
2.7
1.4
.8
9.1
2.9
.7
1.6
1.7
1. 1
16.9
2.4
.4
1.4
1.5
.5
18.8
5.2
-.3
1.7
2. 5
10
11
12
13
14
15
13,251
3,454
8,050
6
1,741
13,925
3,638
8,563
21
1,703
15,256
3,687
9,833
3
1,733
15,942
3,744
10,455
-3
1,746
14,089
3,814
8,529
-5
1,751
14,834
3,865
9,213
-24
1,780
15.5
7.4
5.5
♦
2.5
15.6
6.6
6.4
*
2.6
19.8
8.5
8. 1
1
3.3
27.6
8.2
15.3
.1
3.9
31. 1
11.3
14.9
.4
4.6
16
17
18
19
20
12
-274
879
10
-1,090
-308
-.4
.5
-.4
.2
1 Current surplus
2 Physical investnent
5
6
7
8
9
10
11
12
13
14
15
State * local obligations
Corporate bonds
Mortgages
Cpen-market paper
Policy leans
Miscellaneous assets
16 Net increase in liabilities
Life insurance reserves
17
Pension fund reserves
18
19
Profit taxes payable
Miscellaneous liabilities
20
21 Discrepancy
1.5 21
Private Pension Funds
1 Net acg. of financial assets
Denand deposits and currency
2
3
Time deposits
6,448
23
-993
6,894
23
158
7,417
23
-1,000
8,843
23
-1,000
7,696
23
-1,436
8,120
23
-91
8.3
-.2
.8
10.7
*
2.7
11.8
.1
-1.3
11.2
.1
-. 1
18.7
.1
2.5
1
2
3
4
5
6
7
8
2,225
5,093
4,025
2,500
1,525
2,529
4,084
3,329
1,818
1,511
5,738
2,556
1,505
484
1,021
5,701
4,019
2,936
1,452
1,484
4,571
4,438
2,916
2,220
696
3,849
4,239
3,341
2,357
984
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
4.5
12.2
5.4
4.8
.6
4
5
6
7
8
866
202
100
853
-98
100
840
211
100
755
328
100
1,282
240
100
648
250
100
1.9
-.4
.1
4.5
*
.1
1.8
*
.2
-.3
*
.2
9
10
11
Corporate eguities
Credit market instrunents
U.S. Government securities
Ireasury issues
Agency issues
Corporate bonds
Mortgages
Miscellaneous assets
6.6 9
. 1 10
-.5 11
State and Local Government Employee Retirenent Funds
1 Net acg. of financial assets
2
Denand deposits and currency
8,949
746
6,548
-19
10,324
107
12,012
632
11,486
-138
9,480
398
9.5
.4
9.7
.5
11.3
-.4
12-9
♦
15.9
.3
1
2
Corporate eguities
Credit narket instrunents
U.S. Government securities
Treasury issues
Agency issues
1,429
6,774
3,311
2,872
439
-663
7,230
6,904
2,704
4,200
4,528
5,689
3,815
-164
3,979
4,512
6,868
4,670
3,701
969
2,877
8,747
5,931
2,134
3,797
2,011
7,071
5,106
4,208
898
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
3.7
11.9
5.5
2.7
2.7
3
4
5
6
7
197
3,028
238
-202
62
466
-258
2,027
105
-607
2,641
164
219
2,481
116
150
1,515
300
-.3
5.2
.7
-.7
6. 5
.6
1.0
6.8
-.2
1.4
5. 1
.2
838
1.2
♦
-.7
.9
4.6
1
4.7
.1
7.3
.1
14.9
.2
20.2
.3
2
3
1. 2
17.5
3.0
2.5
.5
4
5
6
7
8
3
4
5
6
7
8
9
10
State * local obligations
Corporate bonds
Mortgages
.2 8
6.0 9
.3 10
Other Insurance Conpanies
1 Current surplus
704
862
712
818
814
2 Net acg. of financial assets
Demand deposits and currency
3
3,103
577
4,467
1,473
4,047
1,486
4,652
750
3,351
506
4,607
419
6.4
*
4
5
6
7
8
Corporate equities
Credit market instrunents
U.S. Government securities
Ireasury issues
Agency issues
667
1,327
189
-494
683
699
1,776
1,518
848
670
707
1,337
938
327
611
718
2,673
1,700
1,049
651
731
1,613
897
300
597
741
2,950
1,970
1,758
212
2.4
3.4
*
-. 1
*
-.5
4.6
.4
*
.4
-.7
7.3
2.5
1.9
.6
.9
12.5
3. 1
2.6
.6
9
10
11
12
State * local obligations
Corporate bonds
Conmercial mortgages
Trade credit
1,273
-199
64
532
478
-281
61
519
455
-118
62
517
922
-12
63
511
629
25
62
501
756
161
63
497
3.6
-. 1
*
.6
2.2
2.0
*
.5
2.6
2.2
.1
.6
5. 4
3.9
.1
1.2
3,329
713
2
2,614
3,407
779
8
2,620
3,434
761
2,673
3,481
761
-1
2,721
3,542
778
-2
2,766
3,502
769
-8
2,741
5.3
.5
*
4.8
5.8
.9
*
4.9
7.2
1.0
*
6.2
11.3
.9
.1
10.3
14. 1
1.4
. 1
12. 6
930
-198
99
—353
1,005
-267
.1
1. 1
-.9
-2.8
-1.5 17
13 Net increase in liabilities
14
Corporate eguity issues
15
Protit taxes payanle
16
Policy payables
17 Discrepancy
III/83 BASED CN PRELIMINARY AND INCOMPLETE INFORMATION
10.7 9
3-7 10
. 1 11
1.3 12
13
14
15
16
NOVEMBER 23, 19 63
Insurance aad Pension Funds
Insurance and Pension Funds
25
Sector Statenents of Saving and Investnent
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL PATES
1978
1979
1980
1981
1982
|
1
1982
III
u
|
|
IV
I
1983
II
III
Life Insurance Companies
1
2
4.3
2.2
4.9
3.0
6.3
3.9
7.7
5.3
6.9
4.6
7.0
5.0
6.7
3. 1
6.6
4.9
10.7
4.8
10.9
5.0
1 1.8 Current surplus
5.1 Physical investment
1
2
3
4
35.7
.2
37.8
.3
37.4
-5
45.9
1. 1
55.3
.3
53.4
2.2
59.1
2. 1
62. 1
-.6
69.5
1.6
64.8
-.4
66.4 Net acg. of financial assets
-1.4
Demand deposits and currency
3
4
5
6
7
8
9
-.1
33.1
2.0
-.5
2.5
-6
3 3.4
2.9
.1
2.8
-5
32.8
2-7
1.0
1.8
2.9
34,7
5,5
2.3
3. 1
3.4
43.4
12.7
8.4
4.3
2.8
40.2
10.4
5.9
4.5
6.8
42.0
14.2
10.0
4.2
.8
53.7
18. 1
13.3
4.9
9-2
50.6
11-2
8.8
2-4
6.3
50.8
13.9
10.2
3.6
4.4
55.2
14.3
12. 1
2.2
Corporate eguities
Credit aarket instruments
U.S. Government securities
Treasury issues
Agency issues
5
6
7
8
9
10
11
12
13
14
15
.4
17.3
9.4
1.5
2.6
2.4
*
1 1.6
12.6
1.6
4.7
3.5
.3
6.7
12.3
2.2
6.6
3.6
.5
7.3
6.7
7.4
7.3
7.3
1.9
16.2
4.2
4.2
4.3
8.1
2.0
11.9
3.6
6.9
5.4
8.2
1.8
16,8
4.3
.7
4.2
8.3
2. 1
23.4
3.8
4. 1
2.2
8.2
1.5
18.8
5.1
11.7
2.3
8.2
3.5
2 0.5
7.2
4.2
1.5
8. 1
2.4
22.7
9.4
5.3
1.1
8.2
State ♦ local obligations
Corporate bonds
Mortgages
Open-market paper
Policy loans
Miscellaneous assets
10
11
12
13
14
15
16
17
18
19
20
35.1
11.. 7
18.3
.3
4.8
35. 1
12.3
17.5
*
5.3
35-5
11.4
20.6
-. 4
3.8
46. 1
9.9
28.6
-.5
8.2
53.7
13.9
32.7
55.7
14.6
34.3
.1
6.8
61.0
14.7
39. 3
6.9
63.8
15.0
41.8
*
7-0
56.4
15.3
34. 1
7.0
53.0
13.8
32.2
*
7.0
59.3 Net increase in liabilities
15.5
Life insurance reserves
Pension fund reserves
36.9
Profit taxes payable
-. 1
Miscellaneous liabilities
7. 1
21
1.6
-.7
.5
2.6
.7
1.7
.2
.7
.1
-2.5
♦
♦
♦
7.0
-.4 Discrepancy
16
17
18
19
20
21
Private Pension Funds
1
2
3
15.9
.1
5-5
14.0
.1
-1.4
22.3
.1
1.4
22.4
.1
1.8
26.6
.1
-2.8
26.4
.1
-4.0
27.9
.1
.6
30.8
. 1
-4.0
32.8
.1
-4.0
31.2
.1
-5.7
33.3 Net acq- of financial assets
Demand deposits and currency
.1
Tiae deposits
-.4
1
2
3
4
5
6
7
8
1.9
8.3
2. 1
1.6
.5
6.1
8.8
2.8
1.9
.8
9.6
10-8
5.8
4.7
1.2
7.3
12.8
9. 1
6.5
2.6
11.5
17.4
13.6
8.2
5.3
8.7
21.2
17.2
11.2
6. 0
12-1
14.8
11.6
6.2
5.5
21. 1
13.2
9.0
3.6
5.4
22.4
13.9
9.3
4.2
5.1
18.1
18.3
12.6
9.6
3.0
18.0
15.2
1 1.5
8.5
3.0
Corporate equities
Credit market instruments
U.S. Government securities
Treasury issues
Agency issues
4
5
6
7
8
9
10
11
5.9
.3
.1
5.7
.3
.4
4.4
.6
.4
3.6
.1
.4
3.5
.4
.4
3.5
.5
.4
3.4
-.3
.4
3. 4
.8
.4
3-0
1.5
.4
5.1
.6
.4
2.6
1. 1
.4
Corporate bonds
Mortgages
Miscellaneous assets
9
10
11
State and Local Government Eaployee Retirement Funds
1
2
20.7
1.0
16.2
1.3
26.5
.3
31.C
.2
35.2
1.0
35.8
3.0
26.2
1
41.3
.4
48.0
2.5
45.9
-.6
37.9 Net acg. of financial assets
Demand deposits and currency
1.6
1
2
3
4
5
6
7
2.6
17.0
7,1
2.7
4.4
4. 1
1 0.8
6.6
5.3
1.4
5.3
20.9
9.9
6.2
3.7
8.3
22.5
10.7
6.6
4. 1
7.7
26.5
18.3
7.4
11.0
5.7
27. 1
13.2
11. 5
1.8
-2.7
28.9
27.6
10.8
16.8
18. 1
22.8
15.3
-.7
15.9
18.0
27.5
18.7
14.8
3.9
11.5
3 5.0
23.7
8.5
15.2
8.0
28.3
20.4
16.8
3.6
Corporate eguities
Credit market instruments
U.S. Government securities
Treasury issues
Agency issues
3
4
5
6
7
8
9
10
.4
9.0
.5
♦
3.2
1.0
.1
9.5
1.3
-.2
30.2
1.8
-.5
7.4
1.3
.8
12. 1
1.0
-.8
2
1.9
-1.0
8. 1
.4
-2.4
10-6
.7
.9
9.9
.5
.6
6. 1
1.2
State ♦ local obligations
Corporate bonds
Mortgages
8
9
10
Other Insurance Companies
1
4.6
4.3
5.8
4. 1
2.8
2.8
3.4
2.8
3.3
3.3
2
3
20.4
.4
18.8
.3
15.0
.1
14. 1
-1
15-6
3.9
15.6
2. 3
16.3
5.9
16.0
5. 9
16.8
3-0
16.8
2.0
4
5
6
7
8
2.0
16.5
1.2
.7
,5
3.2
13.4
1.3
.2
1. 1
3. 3
9.9
1, 8
1.6
.2
2.0
9.4
2.2
1.4
.8
2.7
6.9
4.0
1.5
2.5
2. 7
8.5
4. 0
1.2
2.7
2.8
5.6
4.5
1.8
2.7
2.8
5.2
3.6
1.2
2.4
2-9
8.9
5-0
2.4
2-6
2.9
9.9
7.0
4.6
2,4
9
10
11
12
13.5
1.8
*
1.5
9.9
2.0
.3
1.9
7.7
4.0
2.8
.4
2.6
3.0
-.5
.3
2- 1
5, 1
-. 8
.3
2- 1
1.9
-1. 1
.2
2.1
1.8
-.5
.2
2. 1
3.7
.3
2.0
.3
2.0
2-5
.1
.2
2.0
13
14
15
16
15.0
.8
.1
14.1
15.6
-9
*
14.7
13.4
1.2
-. 2
12.4
11.8
1. 1
-.2
10.8
13-4
2.8
*
10.6
13.3
2-9
13.7
3.0
10.5
13.6
3. 1
*
10.5
10.7
13.9
3.0
*
10.9
14.2
3. 1
*
11. 1
17
-.7
1. 1
4.2
1-8
.6
.5
.8
.6
.4
.6
BILLIONS OF DOLLARS,
♦
♦
111/83 BASED ON INCOMPLETE INFORMATION .
♦
♦
3.4 Current surplus
1
16.8 Net acq. of financial assets
1.7
Demand deposits and currency
2
3
3.0
10.2
6.2
5-4
.8
Corporate equities
Credit market instruments
U.S. Government securities
Treasury issues
Agency issues
4
5
6
7
8
3.0
.6
.3
2.0
State + local obligations
Corporate bonds
Commercial mortgages
Trade credit
9
10
11
12
14.0 Net increase in liabilities
3. 1
Corporate equity issues
*
Profit taxes payable
Policy payables
11.0
.6 Discrepancy
13
14
15
16
17
NOVEMBER 23, 19 63
Finance N.E.C.
Finance N.E.C.
Sector Statements of Saving and investnent
26
UNADJUSTED NET FLOWS(S HILL)
UNADJUSTED NET FLOHS($ SILL)
II
1 Current surplus cf group
-778
1982
III
-553
1983
IV
II
I
-1,195
-1,387
-670
BILLIONS OF DOLLABS
1974
1975
1976
1977
III
1973
-884
-1.9
-.7
-1.3
-.8
-2.2
1
1
2
3
4
5
6
Finance Conpanies
1 Net acg. of financial assets
2
Denand deposits and currency
Credit narket instrunents
3
4
Hortgages
5
Consuner credit
6
Cther loans (to lusiness)
7 Net increase in liabilities
Credit narket instrunents
8
Corporate bonds
9
Bank loans n.e.c.
10
Cpen-narket paper
11
12
13
14
Profit taxes payable
Inv. oy parent conpanies
Cther rise, liarilities
4,103
26
4,077
-147
3,485
739
200
25
175
200
456
-481
1,893
24
1,869
425
2,946
-1,502
667
23
644
225
-1,109
1,528
5,542
22
5,520
350
2,018
3,152
3,547
21
3,526
375
937
2,214
11.7
.2
11.4
1.9
4.6
5.0
5. 1
.2
4.9
-1.9
1.9
4.8
2.9
.2
2.6
-1.3
.2
3.7
11.9
.2
11.7
-.4
3.4
8.6
22.7
.2
22.5
1.2
7.8
13.5
7,254
8,029
196
1,320
6,513
-345
-742
629
476
-1,847
751
635
1,214
3,491
-4,070
919
-447
1,622
-1,593
-476
5,401
3,959
2,081
-2,472
4,350
3,220
2,207
2,179
-979
1,007
13.2
9.5
3.0
4.6
2.0
6.6
6.0
1.8
.7
3.6
5. 1
.5
2.7
-2.8
.6
12.7
4-3
3. 1
-2.1
3.3
23.6 7
16.9 8
7.8 9
.7 10
8.4 11
-3
-355
-417
1
299
97
-4
104
16
-2
1,280
88
-1
1,232
211
-3
797
219
1.4
2.3
-7
-. 1
3.4
1.2
6.4
2. 1
. 1 12
-.5 13
7. 1 14
Beal Estate Investnent Trusts
1 Physical investnent
2 Net acg. of financial assets
3
Hortgages
4
Hiscellaneous assets
5 Net increase in liabilities
6
Corporate eguity issues
7
Credit market instrunents
8
Hortgages
9
Corporate ronds
10
Bank loans n.e.c.
Cpen-market paper
11
12
Hiscellaneous liabilities
66
66
66
66
66
66
.7
1. 1
3.0
1.6
.2
1
48
-125
173
49
-77
126
48
-73
121
49
49
49
-75
124
49
-75
124
5.6
5.6
♦
.5
.2
.4
-3.6
-4.8
1.2
-4. 1
-3.8
-.3
-3.2
-2.4
-.8
2
3
4
178
165
13
30
-5
19
-31
176
162
14
29
-5
21
-31
184
171
13
29
-5
20
-31
174
160
14
28
-4
20
-30
179
165
14
28
-3
18
-29
173
159
14
27
-1
15
-27
6.5
1.0
5.6
.3
.6
4.0
.7
1.4
-.9
1.5
.2
.2
4.4
-3.3
♦
-1.1
-. 1
.4
-.6
.1
-2.0
-.3
-1.9
.4
-.2
-1.9
-.3
-2.4 5
.6 6
-2.5 7
* 8
-. 1 9
-2. 4 10
♦ 11
-
-
-
-
-
-
1.3
.2
-.5 12
.8
— — ——
———
Open-End Investment Conpanies (Hntual Funds)
1 Current surplus
-95
-30
-684
-1,389
-704
-976
-.9
-.9
-.1
-. 1
-.7
1
2 Net acg. of financial assets
3
Demand deposits and currency
2,164
18
6,192
147
5,138
197
10,241
204
7,069
250
4,971
69
-1.1
-.2
.1
-.2
-.4
.1
-2-5
.1
.2
♦
2
3
4
5
6
7
8
9
-4
2,150
383
1,298
-27
496
1,184
4,861
699
4,405
746
-989
1,876
3,065
493
2,942
-70
-300
3,012
7,025
-127
5,447
647
1,058
4,325
2,494
1,062
327
787
318
3,501
1,401
178
1,608
253
-638
-2.2
1.3
*
.1
1.2
-.4
.7
.4
.6
-.4
-.9
.5
*
.7
-.2
-2.4
-.2
*
.5
.3
-1. 1
-3.7
3.9
.2
1.6
1. 1
1. 1
4
5
6
7
8
9
2,259
6,222
5,822
11,630
7,773
5,947
-.2
.9
-.3
-2.4
Corporate eguities
Credit marxet instrunents
U.S. Government securities
State * local obligations
Corporate bonds
Cpen-market paper
10 Net share issues
.9 10
Honey Harket Hutual Funds
10,124
1,462
3,827
-547
738
1 Net acg. of financial assets
Demand deposits and currency
2
Time deposits
3
4
Security RE4s
Foreign deposits
5
6
7
8
9
5,394
240
5, 354
-750
Credit market instrunents
U.S. Governnent securities
Open-market paper
Hiscellaneous
10,124
10 Net share issues
22,025 -17,013 -26,296 -15,680
-4 67
-138
1,015
-799
5,601 -9,752 -10,467 -4,265
2,168 -2,682 -2,986 -1,188
940 -4,577
-385
462
-1,625
-281
-1,553
2,749
246
-
2.4
1.6
.1
-
1.3
*
.5
.1
-
-7,266 -10,769
14 -15,262
-7,280
4,493
218
-201
-2,809
-5,274
2,465
23
-
.8
.1
.6
1
.7
.8
-. 1
*
22,025 -17,013 -26,296 -15,680
-1,625
-
2.4
1.3
14,249
17,669
-3,420
-623
-4,427
1,260
-5,687
-625
.6
.2
.4
.2
♦
.3
.1
*
1
2
3
4
5
-. 1
-.3
.1
-. 1
6
7
8
9
.2 10
— ——
— ——
Security Brokers and Dealers
1 Net acg. of financial assets
Demand deposits and currency
2
1,198
502
3,491
508
5,599
323
-2,269
168
4,040
41
432
-128
-3.6
-.2
-3.0
-. 1
3.2
*
8.4
.2
.9
*
1
2
Corporate eguities
Credit narket instrunents
U.S. Government securities
State * local obligations
Corporate bonds
Security credit
-321
-109
187
24
-320
1,126
244
2,026
1,500
282
244
713
1,228
-196
-1,265
-159
1,228
4,244
-1,835
-2,832
-1,250
253
-1,835
2,230
1,077
-4,123
-5,000
-200
1,077
7,045
-3,572
1,728
5,000
300
-3,572
2,404
.4
.6
*
.2
.4
-4.3
-.6
-.8
.2
-.4
-.6
-1.6
1-2
1.0
-. 1
-. 1
1.2
1-0
.5
3.1
2-4
.3
.5
.2
-.3
-.7
.2
.2
1.0
3
4
5
6
7
8
1,021
1,011
1,017
-6
3,188
3,139
1,235
1,904
5,258
5,175
3,240
1,935
-2,369
-2,425
-3,226
801
3,940
3,872
2,876
996
332
234
-97
331
-3.4
-3.4
-3.2
-.2
-3.0
-2.9
-1.9
-1.0
2.9
2.9
2.2
.6
7.9
6.5
1.5
.8 9
.9 10
1.9 11
1.0 12
10
49
83
56
68
98
♦
-. 1
♦
.1
1 13
3
4
5
6
7
8
9 Net increase in liabilities
10
Security credit
11
From banks
Customer credit balances
12
13
Profit taxes payable
III/83 BASED CN PRELIMINARY AND INCOHPLETE INFOBHATION
NOVEMBER 23, 19 83
Finance N.E.C.
Finance N.E.C.
27
Sector Statements of Saying and Investment
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL BATES
1
1978
1979
1580
1981
1982
-.9
-2.5
-4.2
-4.4
-4.4
|
1
II
-4.6
Finance Companies
———— —
1982
III
-3.4
IV
-4. 1
|
1
I
1983
II
III
-3.3
-4.3
-4.9 Current surplus of group
—— — ——
3
4
5
6
24. 1
.2
24.0
.9
11.6
1 1.5
27.3
-2
27. 1
.8
16. 2
10. 1
13.9
.1
13.8
-6
9-8
3.4
26.2
.1
26. 1
2.9
13.7
9.5
4.7
.1
4.6
1. 1
4.9
-1.4
9.5
.1
9. 4
-1.2
11.8
-1.2
10.4
.1
10.3
1.0
1.5
7.7
-6.8
.1
-6.9
2.7
6.9
-16.5
18.8
.1
18.7
-.3
7.1
11.9
13.1
.1
13.0
1.0
3.8
8.2
7
8
9
10
11
23.5
18- 1
6.4
3.9
7.8
26.6
16.6
4.3
-1..0
13.3
14.0
6.3
5.4
1.4
-.5
25.5
14. 1
-.8
1.0
13.9
7. 1
4.9
1.2
6.9
-3.3
16. 8
19.9
-. 6
4.2
16.3
7.7
6. 1
3.8
8.0
-5-7
-5.2
-5.6
3.0
6.9
-15.5
19.2
13.8
9.3
-3.7
8.2
7.0
1.2
7.0
-10.8
5.0
12
13
14
.1
2.7
2.. 6
1
5.5
4.6
-.2
4. 4
3.5
-.2
7.9
3.6
*
1.0
1.2
*
-1. 4
-1.7
*
1.2
.4
*
.4
. 1
*
5.1
.4
*
4.9
.8
1
2
1
22.5 Net acq. of financial assets
Demand deposits and currency
.1
Credit market instruments
22-4
Mortgages
2.0
2.6
Consumer credit
Other loans (to business)
17.8
20.8 Net increase in liabilities
Credit market instruments
16.8
Corporate bonds
9.8
Bank loans n.e.c.
2.5
4.4
Open-market paper
*
3-2
.9
Profit taxes payable
Inv. by parent companies
Other misc. liabilities
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Real Estate Investment Trusts
1
1
-3
.3
-3
.3
.3
.3
2
3
4
-1.4
-1., 1
-.3
-.6
- 1.0
.3
-1.7
-.7
-1.0
-.7
-1. 1
.4
.2
-.7
.9
.2
-.5
.7
.2
-.3
.5
.2
-.3
.5
.2
.2
.2
-.3
.5
.2 Net acq. of financial assets
Mortgages
-.3
.5
Miscellaneous assets
2
3
4
5
6
7
8
9
10
11
-1.0
.6
-1.4
.1
-« 2
-1.4
.. 1
-.3
-9
-1.3
*
♦
-1.4
.1
-1.5
.6
-2.2
-. 1
-.2
-1.7
-.2
-.5
-.7
.2
-.5
-.7
1.5
*
.7
.7
.1
.1
♦
-1
-. 1
.7
.7
. 1
.1
♦
. 1
-. 1
.7
.6
.1
.1
♦
.1
-. 1
.7
.7
.1
. 1
♦
.1
-. 1
.7
.6
.1
.1
♦
.1
-. 1
.7
.7
.1
.1
♦
.1
-. 1
.7 Net increase in liabilities
.6
Corporate equity issues
.1
Credit market instruments
Mortgages
.1
*
Corporate bonds
Bank loans n.e.c.
.1
Open-market paper
-. 1
5
6
7
8
9
10
11
12
-« 1
*
.1
*
-
-
-
-
-
-
.3 Physical investment
-
Miscellaneous liabilities
12
Cpen-End Investment Companies (Hutual Funds)
1
-.8
-.9
-2.0
-2.2
-2. 1
-1.8
-1.3
-2.0
-3.3
-4.5
-5.3 Current surplus
1
2
3
-.9
3. 1
.1
4.7
♦
-.8
.1
♦
16.5
.3
10. 4
.1
24.9
.6
19. 8
.8
39.4
.8
30.4
1.0
20.0 Net acq. of financial assets
Demand deposits and currency
.3
2
3
4
5
6
7
8
9
-1..6
.8
-.2
.5
-.7
1.1
-2.8
1.9
*
1.4
.8
-.2
-1.8
4. 8
.3
2.0
1.3
3.2
-. 6
5.3
.9
2.9
1.6
-. 1
3.5
12-7
2.3
10.9
.2
-.6
1.7
8.6
1.5
5. 2
-. 1
2.0
4.9
19.4
2.8
17.6
3.0
-4.0
6.7
12.3
2.0
11.8
-.3
-1.2
10.5
28.1
-.5
21-8
2.6
4.2
19-4
10.0
4.2
1.3
3. 1
1.3
14.2
5.6
.7
6.4
1.0
-2.6
Corporate eguities
Credit market instruments
U.S. Government securities
State ♦ local obligations
Corporate bonds
Open-market paper
4
5
6
7
8
9
10
-.1
-1
5.2
6.8
18.6
12.2
26.2
21.8
42.7
34.9
25.3 Net share issues
Money Market Mutual Funds
_____ _______
107.5
-.7
22.8
8.9
12- 1
24.7
.8
-3. 1
1.7
4. 9
40. 5
5.8
15.3
-2.2
3-0
10
______________________
88-1
4. 1
22.4
8.7
-1.5
-68. 1
-1.9
-39.0
-10.7
3.8
-105.2
-3.2
-41.9
-11.9
-18.3
-62.7
-.6
-17. 1
-4.8
1.8
3
2
3
4
5
6.9
*
2.7
.1
.5
34.4
*
7.5
2. 1
4.6
29-2
.1
9.0
3.2
1.7
6
7
8
9
3.2
.6
2.6
.5
19.8
4.2
1 5.6
.4
1 4.9
2-6
12.3
.4
62.5
23.7
38.8
1.9
21.4
22.7
-1.3
-1. 1
21. 6
1.0
20. 6
-3. 0
57.0
70.7
-13.7
-2.5
-17.7
5.0
-22.7
-2.5
-29. 1
.1
-29. 1
-.8
-4 3. 1
-61.0
18.0
.9
10
6.9
34.4
29-2
107.5
24.7
4 0-5
88. 1
-68. 1
-105.2
-62.7
-6.5 Net acg. of financial assets
Demand deposits and currency
-1.1
-6. 2
Time deposits
Security RP’s
1 1.0
Foreign deposits
1.0
1
2
3
4
5
Credit market instruments
U.S. Government securities
Open-market paper
Miscellaneous
6
7
8
9
-11.2
-21.1
9.9
.1
-6.5 Net share issues
10
Security Brokers and Dealers
1
2
.2
.2
1-2
-9
7.0
.5
2. 9
V
4. 3
1.6
.2
2.0
16.0
2.0
9.3
1.3
7.7
.7
11.6
.2
3
4
5
6
7
8
-..4
-1.3
-.8
-.2
-.4
1.6
-1.5
.6
1.9
-2
-1.5
1. 1
.7
-. 7
-1.4
*
.7
6.5
2.8
2.4
-.6
.2
2.8
-2. 3
-.4
-. 1
.4
-.2
-.4
3.2
-3.6
-2.7
.7
. 1
-3.6
4.5
2.0
9. 1
6.0
1.1
2.0
2.9
-1.6
-7.3
-5. 1
-.6
-1.6
17.0
1. 1
-2.9
-5.0
1-0
1.1
8.9
2.0
-18.8
-20.0
-.8
2.0
28.2
9
10
31
12
♦
♦
-2.4
2.5
1-2
1. 1
-.8
1.8
6. 2
6. 0
-8
5-2
2.5
2.5
4. 6
-2. 1
3.4
3.2
-.1
3.3
-. 5
-.6
-.6
V
14.8
14.6
7.0
7.6
8.0
7.7
*
7. 7
7.3
7.1
3.9
3.2
11.2
10.9
6.9
4.0
13
*
.1
.2
*
.2
.1
-2
.2
.3
.3
BILLIONS OF DCLLARS.
II1/83 BASED ON INCOMPLETE INFORMATION.
3.9 Net acq. of financial assets
Demand deposits and currency
-.5
1
2
Corporate eguities
Credit market instruments
U.S. Government securities
State ♦ local obligations
Corporate bonds
Security credit
3
4
5
6
7
8
-13.2
8.0
20.0
1.2
-13.2
9.6
3.5 Net increase in liabilities
3. 1
Security credit
1.8
From banks
Customer credit balances
1.3
9
10
11
12
Profit taxes payable
13
.4
NOVEMBER 23, 1983
Monetary and Insurance Reserves
Monetary and Insurance Reserves
Foreign Exchange, Treasury Currency, Insurance Reserves, and Interbank Clains
UNADJUSTED NET FLOWS(S HILL)
UNADJUSTED NET FICWS($ MILL)
II
1982
III
IV
i
|
I
1983
II
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
—
Gold and Official 1’oreign Exchange Holdings (1)
1 Total U.S. reserves
2 U.S. gold stock and SDR's
3
U.S. Govt.: Ex. Stab. Fund
4
Monetary authority (2)
5 U.S. foreign exchange position
6
Official fgn.currency hldgs.
7
Treasury
8
Monetary authority
9
10
11
Net IMF position
U.S. Government asset
Monetary authority
1,200
797
1,950
771
-24
-458
289
290
-1
434
4 35
-1
297
297
-
88
98
-10
296
303
-7
270
273
-3
911
77
251
-174
363
-98
-435
337
1,653
920
272
648
683
-1,450
-648
-802
-320
-531
109
-640
-728
-943
-342
-601
834
833
1
461
453
8
733
732
1
2,133
2,115
18
211
235
-24
215
217
-2
-.2
1.5
.8
2.6
.4
1
*
.2
-1
.1
*
. 1
-. 1
.1
.1
*
.2
.1
.1
2
3
4
1-3
*
*
*
.8
.3
.2
.1
2.5
.3
.2
.1
. 1
-.2
*
-.2
5
6
7
8
1.3
1.3
*
.5
.4
.1
2.2
2.2
*
.4
.5
-. 1
.9
1.0
♦
♦
1.2
1.4
-.2
.3
.6
-.3
1
2
3
-
-.1
-.2
-.2
♦
*
*
.3 9
.3 10
♦ 11
(1) Lines 1, 2, and 3 exclude increases in SDR's through allocations, which
occurred at various dates beginning January 1970. Transactions in SDR's
are included.
Also excluded fron the table are revaluations of foreign
currency holdings, gold, SDR's, and IMF position. Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
Treasury Currency and S.D.R. Certificates
1 Total U.S. Govt, liability
Monetary authority asset
2
3
Unallocated assets
337
297
40
471
405
66
495
400
95
112
112
133
133
137
137
.4
.4
Insurance and Pension Fund Reserves
Life insurance reserves:
1 Net change in liabilities
U.S. Government
2
Life insurance companies
3
3,477
23
3,454
3,645
7
3,638
3,704
17
3,687
3,756
12
3,744
3,828
14
3,814
3,879
14
3,865
7.6
-2
7.4
6.7
.1
6.6
8.7
.1
8.5
8.4
.2
8.2
11.5
.2
11.3
1
2
3
4 Net change in assets (bH)
3,477
3,645
3.704
3,756
3,828
3,879
7.6
6.7
8.7
8.4
11.5
4
5 Net change in liabilities
6
U.S. Governaent
7
Insurance sector
Life insurance companies
8
3
Private pension funds
10
St.*loc. govt. rtr. funds
25,375
1,928
23,447
8,050
6,448
8,949
33,988
11,983
22,005
8,563
6,894
6,548
28,254
680
27,574
9,833
7,417
10,324
28,356
-2,954
31,310
10,455
8,843
12,012
30,028
2,317
27,711
8,529
7,696
1 1,486
39,381
12,568
26,813
9,213
8,120
9,480
25.4
2.1
23.2
5.5
8.3
9.5
29.6
2-7
26.8
6.4
10.7
9.7
34.9
3.7
31.2
8. 1
11. 8
11.3
44. 0
4.6
39.5
15.3
11.2
12.9
55.9 5
6.4 6
49.5 7
14.9 8
18.7 9
15. 9 10
11 Net change io assets (hh)
25,375
33,988
28,254
28,356
30,028
39,381
25.4
29.6
34.9
44.0
55.9 11
Pension fund reserves:
Net Interbank Clains
1 Net change in liabilities
2
Monetary authority
3
Member bank reserves
4
Vault cash
5
6
7
8
9
10
11
12
Commercial tanking
To monetary authority
To xoreign banks, net
Liabilities, net
U.S.-chartered banks
Due fgn. affiliates
-Due fr- affiliates
♦ Be. loans to U.S.
-6,944 -10,030
-2,674
-779
-6,159
120
3,485
-899
1,679 -12,036
6,505 -4,316
6,171 -3,070
334 -1,246
5,752
-3,250
-5,415
2,165
3,465
-266
2,693
-2,959
-.2
3.5
1.4
2.0
.2
-.3
-1.2
1.0
-11. 1
.8
.2
.6
-8.9
-1.0
-.9
-. 1
-1. 1
3.5
1.7
1.8
-4,270 -9,251
-345 -2,510
-7,425 -13,270
-3,415 -12,847
-1,658 -7,333
2,397 -2,820
4,236
6,438
181
1,925
-4,826 -7,720
1,779
-158
-7,244 -8,546
-5,413 -7,867
-1,695 -13,915
-642 -1,325
723 13,259
-330
669
9,002
1,336
6,082
5,079
3,600
2,464
-617
519
3,731
-2,292
4,297
4,373
7,090
1,831
-5,259
-
-3.6
-1.6
-2.7
-2.3
-.8
-.2
.6
*
.4
-2. 1
*
.9
-1.4
2.6
4.2
.2
-11.9
1.6
-9.8
-7.9
-7. 1
-.8
6.3
.1
-7.8
-1.3
-5.7
-3.9
-6.8
.7
7.6
.2
-4.6 5
1.4 6
-.7 7
1. 4 8
-1.1 9
3.5 10
4.8 11
.2 12
1
2
3
4
13
14
15
Fgn. bkg. off. in U.S.
Due fgn. affiliates
Less: Cue from aff.
-1,757
2,552
4,309
-5,514
-1,429
4,085
-3,718
-651
3,067
6,048
3,278
-2,770
1,479
-4,726
-6,205
-2,717
-18
2,699
-1.5
-.3
1.2
2.2
4.5
2.3
-.9
-9
1.7
2.9
4.0
1.0
2.5 13
5.6 14
3. 1 15
16
17
18
Less: Dep. at fgn. banks
U.S.-chartered banks
fgn. bkg. off. in U.S.
4,010
3,905
105
423
762
-339
1,831
1,615
216
679
341
338
-1,003
75
-1,078
76
522
-446
.3
*
.3
.9
.6
.2
1.9
1.3
.6
1.8
1.9
-. 1
2.0 16
.4 17
1.6 18
19
20
21
22
23
24
25
To U.S. banning, net
U.S.-chartered banks
liabilities
To dom. affiliates
To fgn. offices
Unallocated
Less:Due froa fgn off.
3,500
1,406
4,206
1,778
-1,072
3,500
2,800
6,529
-9,974
4,393
-4,593
2,457
6,529
14,367
639
-1,293
-3,005
-3,644
639
-1,712
984
-2,095
611
-373
984
2,706
1,584
2,903
-193
1,056
-2,833
1,584
-3,096
1,726
-2,325
5,310
2,646
938
1,726
7,635
.6
-3.3
4.9
.1
4.2
.6
8.3
2.5
3.2
10.4
3.3
4.6
2.5
7.2
-3.8
-4. 2
-4.2
-2.0
1.5
-3.8
-.1
-.9
.3
4.2
.3
4.8
-.9
3.9
-5.4
-2.7
2.3
1.6
6. 1
-5.4
5.0
26
Doaestic affiliates
-1,778
4,593
27
28
29
Fgn. bxg. off. in U.S.
Due to U.S. banks
LesszDue from U.S.bks.
3,872
2,800
-1,072
11,910
14,367
2.457
30 Net change in assets
31
Foreign
32
Domestic
Monetary authority
33
34
Federal Reserve float
35
Loans to member banks
36
37
38
U.S.-chartered banks
Member bank reserves
Vault cash
39 Discrepancy:
Floats, etc-
-10,444 -16,559
-7,425 -13,270
-3,019 -3,289
-345 -2,510
663 -1,995
-1,008
-515
-1,056
-2,646
1
-3.3
2-0
-.3
-1.6 26
3,079
2,706
-373
-263
-3,096
-2,833
6,697
7,635
938
4.0
8.3
4.2
2.6
7.2
4.6
-1.6
-. 1
1.5
-.9
3.9
4.8
-1.1 27
5.0 28
6. 1 29
1,040 -13,020
-7,244 -8,546
8,284 -4,474
1,779
-158
2,185 -2,249
2,091
-406
4,168
6,082
-1,914
1,336
534
802
1,739
4,297
-2,558
-2,292
-307
-1,985
-.8
-2.7
1.9
-1.6
-.9
-.7
-2.3
*
-2.3
-2. 1
-1. 1
-1.0
-7.3
-9.8
2.4
1.6
1.7
4.3
-.7
5.0
1.4
1.2
.2
-
1,932
-1,712
-3,644
-
-.1
-8.0
-5.7
-2.3
-1.3
-1. 1
-.2
-2,674
-6,159
3,485
-779
120
-899
6,505
6,171
334
-4,316
-3,070
-1,246
-3,250
-5,415
2,165
-266
2,693
-2,959
3.5
1.4
2.0
-.3
-1.2
1.0
.8
.2
.6
-1.0
-.9
-. 1
3.5 36
1.7 37
1.8 38
3,500
6,529
639
984
1,584
1,726
.6
2.5
-3.8
-.9
-5.4 39
111/83 BASED CN PRELIMINARY AND INCOMPLETE INFORMATION
19
20
21
22
23
24
25
30
31
32
33
34
35
NOVEMBER 23, 1983
Honetary and Insurance Reserves
Honetary aad Insurance Reserves
29
Foreign Exchange, Treasury Currency, Insurance Reserves, and Interbank Claias
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL RATES
1978
—
' '
1979
1980
—
- ■JU~-
1981
1982
i
I
1982
III
II
IV
|
1
I
1983
II
1
-.7
.1
7.0
4. 1
5.0
4. 8
3.2
7.8
3-1
-.1
2
3
4
-1.2
-1.3
.1
.1
.3
-.2
-1. 1
-1. 1
.7
-7
*
1.4
1.4
*
1.2
1.2
1.7
1.7
*
1.2
1- 2
-
-4
.4
*
1.2
1.2
*
5
6
7
8
.,5
4.7
3.1
1.6
*
-.3
-1. 1
.9
8. 1
6.5
3.9
2.6
3.3
-9
.8
3.6
1.0
.4
.6
3.6
.3
1.0
-.7
1.5
-.4
-1.7
1.3
6.6
3.7
1.1
2.6
2-7
-5.8
-2.6
-3.2
-1.3
-2. 1
.4
-2.6
9
10
11
-4.2
-4.2
*
.2
.2
*
1.7
1.7
*
2.5
2.5
*
2.6
2.6
3.3
3.3
1.8
1.8
♦
♦
2.9
2-9
V
8.5
8.5
.1
.8
.9
-.1
*
III
Geld and Official Foreign Exchange Holdings (1)
—— — —
- —
-
♦
♦
-1.8 Total U.S. reserves
1
1. 1 U.S. gold stock and SDB’s
U.S. Govt.: Ex. Stab. Fund
T, 1
*
Honetary authority (2)
2
3
4
-2.9 U.S. foreign exchange position
-3.8
Official fgn-currency hldgs.
-1.4
Treasury
-2.4
Monetary authority
5
6
7
8
.9
.9
*
Net IHF position
U.S. Government asset
Monetary authority
9
10
11
(1) Lines 1 , 2, and 3 exclude increases in SDR’s through allocations, which
occurred at various dates beginning January 1970. Transactions in SDR’s
are included.
Also excluded from the table are revaluations of foreign
currency holdings, gold, SDR’s, and IMF position. Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
Treasury Currency and S.D.R. Certificates
1
2
3
-5
.6
*
1.6
1.7
1
1.3
1.5
-.2
1.2
1.4
-.2
1.7
.6
1.1
1.9
1.6
.3
1.3
1.2
.2
2.0
1.6
.4
-4
.4
.5
.5
.5
.5
Total U.S. Govt, liability
Monetary authority asset
Unallocated assets
1
2
3
Insurance and Pension Fund Reserves
Life insurance reserves:
1
2
3
12.0
.3
11.7
12.5
.3
12.3
11.5
V
31.4
10. 1
.3
9.9
14. 1
-2
13.9
13.9
.1
13.8
14.6
V
14.6
14.8
.1
14.7
15-0
*
15-0
15.3
.1
15.3
15.5 Net change in liabilities
U.S. Government
.1
15.5
Life insurance companies
1
2
3
4
12.0
12.5
11.5
10. 1
14. 1
13.9
14.6
14.8
15-0
15.3
15.5 Net change in assets (HH)
4
5
6
7
8
9
10
61.8
6.9
54.9
18.3
15.9
20.7
55.6
7.9
4 7.7
17.5
14.0
16.2
78.2
8.7
69„4
20.6
22.3
26.5
91.7
9.8
81.9
28.6
22.4
31.0
106.3
11.7
94.5
32.7
26.6
35.2
106.6
12. 1
94. 4
32. 2
26. 4
35.8
105.0
16.6
88-4
34.3
27.9
26.2
122.4
11.0
111.4
39.3
30-8
41.3
130.9
8.3
122.6
41.8
32.8
48.0
125-3
14.1
111.2
34. 1
31.2
45.9
124.3 Net change in liabilities
U.S. Government
16.3
Insurance sector
108.0
Life insurance companies
36.9
33.3
Private pension funds
St.+loc. govt. rtr. funds
37.9
5
6
7
8
9
10
11
61.8
55.6
78-2
91.7
106.3
106.6
105.0
122.4
130.9
125.3
124.3 Net change in assets (hh)
11
10.2 Net change in liabilities
-2.6
Honetary authority
Member bank reserves
10.2
Vault cash
-12.8
Pension fund reserves:
Net Interbank Claias
1
2
3
4
1
2
3
4
16.0
5.9
4.4
1.5
22-7
1-6
-1.4
3.0
-29.5
-1.0
-2.3
1.3
-15.8
-3.4
-2.2
-1.2
-12.2
2-2
1.3
-9
-40. 1
-7.4
-14.8
7.4
-45.0
-3.0
1.3
-4-3
38-3
17-7
21.0
-3-3
-65.7
-12.8
-19.9
7-0
8.0
-9.2
-10.0
.8
5
6
7
8
9
10
11
12
10.1
3.6
5.7
5-2
1.5
4.4
3.1
.3
21. 1
.5
22.3
22-1
16.3
13. 1
-1.2
2.0
-28.5
-1.9
-23.2
-17.7
-18.9
-5.7
14.5
1.3
■12.4
-2.9
-7.0
-4. 0
-2.9
5.3
17- 1
8.9
-14.3
.1
-30.1
-19-6
-7.9
-1. 1
9.3
2.5
-32. 7
-1. 1
-42. 4
-26.4
-13- 2
.5
14- 4
.7
-42.0
-8.8
-60.2
-58.5
-29.4
-21.7
15.4
7.7
20.6
3.8
4.4
11-7
12-0
10.6
-2.7
-1.3
-52.9
.1
-49.0
-46-2
-69-4
1-2
73-2
2-7
17.2
6.3
7.6
3-6
6.3
-1.8
-6.0
2. 1
12.8
-8.4
14-8
15. 1
32.5
-1.5
-34.0
13
14
15
3.7
7.1
3-3
5.8
15.5
9.7
1.2
13.5
12.3
-1- 1
11. 1
12.3
-11.7
-2.6
9.1
-13- 1
2-6
15-7
-29.0
-13. 1
15.9
-.3
-1.4
-1.1
23. 1
29-8
6-7
-2.7
-29.1
-26.4
-17.4
-7.8
9-6
Fgn. bkg. off. in U.S. 13
Due fgn. affiliates 14
15
Less: Due from aff.
16
17
18
-.5
-.9
-4
-.2
-.2
*
5. 4
3.4
2-0
3. 0
3. 4
-.4
10.5
10.3
-2
16. 0
15.6
.4
1.7
3.0
-1.4
7.3
6.5
.9
2.7
1.4
1.4
-4.0
-3
-4.3
-3
2. 1
-1.8
Less: Dep. at fgn. banks 16
17
U.S.-chartered banks
Fgn. bkg. off. in U.S. 18
19
20
21
22
23
24
25
.8
-3.5
11-8
3.0
8.0
.8
15.3
-1.7
-4-0
12.0
1.4
12.3
-1.7
16.0
-3.4
-12.4
12-6
2.7
13-3
-3.4
25. 1
-2.4
-9-7
6.0
1.4
7.1
-2.4
15-7
15-7
-9.5
4- 1
-2. 1
-9.5
15-7
13.5
10.7
-13-6
6. 6
7- 1
-11.3
10.7
20-2
27.0
-39.0
8.1
-18.4
-.5
27.0
47.1
12-4
25-9
11.7
-.8
12-4
-14.2
-4. 1
-22.4
-2.2
1.8
-4. 1
20.2
3-3
-10.5
-13.7
4.2
-21.2
3.3
-3.2
6.3
-8. 1
9.9
10.6
-7.0
6.3
18.0
26
-3.0
-1.4
-2-7
-1-4
2. 1
-7. 1
18.4
-
-4.2
-10.6
27
28
29
7.3
15.3
8.0
3-7
16.0
12.3
11.7
2 5. 1
13.3
8-6
15.7
7. 1
23.0
13.5
-9.5
31- 5
20. 2
-11.3
47.6
47. 1
-.5
-13.5
-14.2
-.8
18.4
20.2
1.8
18. 1
-3.2
-21. 2
25.0
18.0
-7.0
30
31
32
33
34
35
15.2
5.7
9.5
3.6
2.7
.9
24.4
22-3
2. 1
-5
.3
.3
-26.1
-23-2
-3.0
-1.9
-2.3
.4
-13-3
-7.0
-6.3
-2-9
-2.7
-.2
-27.9
-30. 1
2-3
-1
1-0
-.9
-50-9
-42.4
-8.5
-1- 1
1-5
-2.6
-72.0
-60.2
-11-9
-8.8
-5.0
-3-8
25.9
4-4
21.5
3.8
4.4
-.6
-61.7
-49.0
-12.7
-1
-7.2
7.4
4.7
7.6
-2.9
6-3
.9
5.3
36
37
38
5-9
4.4
1-5
1-6
-1.4
3..0
-1-6
-2.3
1.3
-3. 4
-2.2
-1. 2
2-2
1-3
.9
-7-4
-14-8
7.4
-3.0
1.3
-4.3
17.7
21.0
-3.3
-12.8
-19.9
7.0
-9.2
-10.0
.8
39
.8
-1.7
-3,4
-2.4
15-7
10.7
27.0
12.4
-4. 1
3.3
BILLIONS OF DOLLARS.
111/83 BASED ON INCOHPLETE INFORMATION..
-
Comaercial banking
To monetary authority
To foreign banks, net
Liabilities, net
U.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
♦Br. loans to U.S.
To U.S. banking, net
U.S.-chartered banks
Liabilities
To dom. affiliates
To fgn. offices
Unallocated
Less:Due from fgn off.
Donestic affiliates
5
6
7
8
9
10
11
12
19
20
21
22
23
24
25
26
Fgn. bkg. off. in U.S.
27
28
Due to U.S. banks
Less:Due from U.S.bks. 29
3.8 Net change in assets
Foreign
14.8
Domestic
-11.0
-8.4
Monetary authority
1.7
Federal Reserve float
loans to member banks
-10. 1
30
31
32
33
34
35
-2.6
10.2
-12.8
U.S.-chartered banks
Member bank reserves
Vault cash
36
37
38
Floats, etc.
39
6.3 Discrepancy:
NOVEMBER 23, 1963
Deposit Claias
Deposit Claias
Monetary Clains On Financial Institutions
3°
UNADJUSTED NET FLONS($ HILL)
UNADJUSTED NET FLOWS{$ MILL)
III
II
I?
1
I
II
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
Curicency and Checkable Deposits
5,624
24,529
29,951 -10,398
31,061
14,355
16.3
6.9
18.6
24.8
30.4
1
2
3
4
5
Pvt. domes, sectors, by type
Currency
Deaand deposits
ether checkable
4,833
1,976
-596
3,453
10,059
1,858
1,985
6,216
39,265 -7,221
645
6,481
21,788 -18,215
10,996
10,349
17,410
3,947
7,498
5,965
6,377
4,384
-1,646
3,639
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
27.0
8. 3
17.2
1.6
2
3
4
5
6
7
8
9
10
11
12
Pvt.domes.sectors, by holder
Pvt. donestic nonfinancial
Households
Business
State+local governaents
Hail float
Financial sectors
4,833
-160
-435
290
531
-546
4,993
10,059
4,678
12,426
-841
-1,219
-5,688
5,381
39,265
35,991
15,297
5,514
794
14,386
3,274
-7,221
-8,300
7,487
-4,686
-2,374
-8,727
1,079
17,410
15,899
11,517
2,431
2,065
-114
1,511
6,377
4,262
13,123
-726
-2,793
-5,342
2,115
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
27.0 6
25.5 7
20.0 8
2.9 9
.8 10
1,8 11
1.5 12
13
14
Foreign
U.S. Governnent
1,096
-305
-1,855
16,325
599
-9,913
516
-3,693
827
12,824
-979
8,957
2.9
-1.5
2.8
-4.6
-.3
2.8
3.2
3-0
2.4 13
.9 14
15 Net change m liabilities
5,624
24,529
29,951 -10,398
31,061
14,355
16.3
6.9
18.6
24.8
30.4 15
16
17
18
19
Monetary authority
U.S. Govt, cash ♦ deposits
Foreign deposits
Currency outside banks
3,364
1,209
179
1,976
8,478
6,839
-219
1,858
-595
-1,392
152
645
8,966
5,227
-208
3,947
12,220
7,728
108
4,384
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
4.9
-3.3
*
8.3
16
17
18
19
20
21
22
23
Connercial banking
U.S. Governnent deposits
Foreign deposits
Private donestic deposits
621
-1,514
917
1,218
14,065
9,486
-1,636
6,215
26,074 -14,463
-3,977 -2,301
364
676
29,375 —12,526
20,173
7,597
1,035
11,541
1,055
1,229
-1,087
913
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
24.5
4.3
2.4
17.8
20
21
22
23
24
Savings institutions
1,639
1,986
4,660
1,922
1,080
.2
. 1
.4
.9
1 Net change m total assets
468
-5,936
-77
6,481
3,409
1.0 24
Snail Tine and Savings Deposits
1 Net change in liabilities
Connercial banks
2
Savings institutions
3
4
Savings and loan assns.
Hutual savings banks
5
6
Credit unions
7 Net change iq assets
Households
8
State and local governments
9
U.S. Governnent
10
Credit unions
11
15,261
11,421
3,840
785
593
2,462
23,739
14,456
9,283
6,842
705
1,736
67,131 108,997
49,263 71,333
37,664
17,868
27,194
14,256
5,610
1,418
2,194
4,860
36,354
18,648
17,706
12,152
825
4,729
30,454
15,657
14,797
14,127
-1,983
2,653
39.2
12.7
26.5
19.2
4.4
2.9
37-7
17.4
20.3
14.5
2.7
3.0
98.0
39.9
58.1
41.6
11.0
5.5
121.6
54.6
66.9
48.7
12.5
5.8
94.6
28.2
66.4
48.6
10.4
7.3
15,261
14,153
476
174
458
23,739
25,034
-340
28
-983
67,131 108,997
65,193 105,238
1,476
2,766
141
-177
1,170
321
36,354
34,204
2,153
-201
198
30,454
31,224
1,105
101
-1,976
39.2
40.0
-.2
-.6
37.7
37.3
*
♦
.4
98.0
97.0
.9
.1
*
121.6
116.2
5. 1
.2
.1
94.6
95. 1
-1.6
. 1
.8
Honey Market Hutual Fund Shares
Honey marret fund shares
1
Liab: Finance n.e.c.
Asset:
Households
10,124
22,025 -17,013 -26,296 -15,680
-1,625
Large Tiae Deposits
1 Net change m total liab.
Connercial banking
2
3
Donestic banks
4
Foreign banking offices
Savings institutions
5
6 Net change in assets
Pvt. doaestic nonfinancial
7
8
Households
9
Business
State ♦ local governaents
10
11
Foreign
12
13
14
15
16
17
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Honey narket funds
12,304
10,782
12,992
-2,210
1,522
5,979 -16,253 -48,410 -3,280
3,523 -20,579 -47,452 -12,472
7,907 -21,987 -40,416 -8,119
-4,384
1,408 -7,036 —4,353
2,456
-958
9,192
4,326
18,299
2,791
3,595
-804
15,508
39.1
38.0
37.1
1-0
1.1
41. 1
39.3
38.2
1. 1
1.7
-8.9
-9.9
-13.3
3.4
1.0
-13.9
-15.3
-15.6
.4
1.4
28.3
26.0
23.8
2.2
2.3
12,304
3,869
6,924
-1,205
-1,850
2,559
5,979 -16,253 -48,410
-750 -9,509 -37,700
-7,589 -11,440 -37,964
4,340
2,799
2,000
2,499
-868 -1,736
471
1,438 -1,301
-3,280
-1,051
3,649
1,076
-5,776
2,211
18,299
20,141
17,476
2,221
444
1,129
39. 1
35.5
23.6
4.7
7.2
2.8
41. 1
28.0
18.5
3.8
5.7
7.7
-8.9
-14.6
-13.6
1.9
-2.9
1.5
-13.9
-9.7
-8.7
2.1
-3.0
-1.9
28.3 6
25.7 7
12.4 8
4.8 9
8.5 10
-.4 11
-4,440
1,561
-314
14
-1,436
-4,265
-2,971
-1,327
-12
12
-91
-1,553
.8
-.5
.2
.3
.8
5.4
.7
.2
.2
2.7
1.6
4.2
4.5
.1
.5
-1.3
.5
-2.3
-1.4
-.2
-.1
-.7
3.0
.1
*
. 1
2.5
.3
12
13
14
15
16
17
10.9
9.0
1.9
1
2
3
5,876
2,107
971
-36
-993
3,827
6,258
352
147
158
5,601
-8,182 -9,409
2,210
1,956
360
102
-1,000 -1,000
-9,752 -10,467
1
2
3
4
5
Federal Funds and Security Repurchase Agreements
1 Net change in liabilities
Connercial banks
2
3
Savings and loan assns.
4 Net change in assets
5
Nonfinancial corporations
State and local governaents
6
Sponsored credit agencies
7
Savings and loan assns.
8
Hutual savings banks
9
Honey narket funds
10
11 Discrepancy-unallocated assets
2,442
-70
2,512
9,148
7,558
1,590
244
256
-12
8,695
5,155
3,540
-4,085
-6,808
2,723
9,269
5,735
3,534
16.2
16.2
-
-.4
-1.9
1.5
3.5
3.5
.1
13.6
13.6
-.1
2,440
778
-313
1,459
1,150
-87
-547
7,777
-569
900
4,722
747
-191
2,168
-3,033
3,687
-709
-806
-1,508
-1,015
-2,682
8,981
3,608
1,806
713
5,405
435
-2,986
-3,301
110
-14
-1,345
-426
-438
-1,188
8,767
1,475
3,216
-364
1,642
49
2,749
15.3
8.6
2.4
2.3
1.3
.7
-
-.7
-5.8
3.6
-1.0
2.6
-.3
.1
-1. 1
-.8
1-0
-.3
-1.0
-. 1
.1
4.2
2.3
.3
1.2
.4
*
5.4 4
1.2 5
1. 0 6
.2 7
2.3 8
.6 9
. 1 10
2
1,371
3,277
-286
-784
502
.9
.3
4.6
9.3
5.5 11
U.S. Deposits in Foreign Countries
1 Total foreign liability
Held ny:
Nonfinan. corporate business
Honey aarket funds
2
3
1,611
-1,381
461
-1,647
1,223
1,004
1.2
-.2
.8
1.7
1.3
1
873
738
-996
-385
-479
940
2,930
-4,577
761
462
758
246
1.2
-
-.2
-
.8
-
1.7
-
1.3
*
2
3
III/83 BASED CN PRELIMINARY AND INCOHPLETE INFORMATION
NOVEMBER 23, 1963
Deposit Clains
Deposit Clains
31
Monetary Clains On Financial Institutions
SEASONALLT ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1978
1979
1980
1981
1982
|
1
II
1982
III
IF
J
|
I
1983
II
III
Currency and checkable Deposits
25.6 Net change in total assets
1
1
32.6
35.9
16.0
28.3
36.5
-1.9
74.5
39.7
88.1
109-1
2
3
5
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
33.4
8.4
-1.1
26. 1
14. 1
5.5
-5.2
13.8
40.7
11.9
4.0
24.9
50.4
12.7
-6.3
44.0
90-0
15.0
33.5
41.4
66.7
13.5
29.4
23.9
19.9
22.2
-16.9
14.6
6
7
8
9
10
11
12
29.2
25.5
22.4
4.5
-1.0
-.5
3.7
31.1
26.7
21.8
6.4
-1.5
-.1
4.4
19.6
15.3
3.7
10.2
-.8
2.3
4.3
31.9
27.6
25.7
-.5
-1.6
4. 1
4.3
33.4
21.4
22.9
-1
-2.2
.6
11.9
14. 1
-5.7
.5
-.6
-4.4
-1.3
19.8
40-7
21.2
19.8
.2
-.4
1.6
19.5
50.4
41.6
45.0
-1.3
-3.7
1.6
8.7
90-0
78.7
75.3
4.0
-.8
.2
11.2
66.7
61.0
50-6
6.6
1.5
2.2
5.7
19.9
14.0
17.0
2.0
-6.4
1.4
5.9
Pvt.dones.sectors, by holder 6
Pvt. doaestic nonfinancial 7
8
Households
9
Eusiness
State+local governaents 10
11
Mail float
12
Financial sectors
13
14
-.2
3.7
4.2
.5
*
-3.6
-3.8
. 1
-3.7
6.8
-4.0
-11.9
-4.6
38.3
-.4
-10.3
10-0
-11.9
-5.9
48.3
-1. 1
6.9
Foreign
U.S. Governaent
<4
Pvt. dones. sectors, by type
Currency
Deaand deposits
Other checkable
25-6 Net change in liabilities
15
32.6
35.9
16.0
28.3
36.5
-1.9
74.5
39.7
88. 1
109. 1
16
17
18
19
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
8.9
.7
-.2
8.4
10.4
4.3
.5
5.5
25.4
14.2
-.7
11.9
-2.2
-14.4
-.6
12.7
14.4
-1.5
.9
15-0
35-7
23.2
-1.0
13.5
40.6
17.8
.5
22.2
20
21
22
23
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
19.2
6.1
-3.4
16.5
-18.8
-16.3
-4.5
2.0
41. 1
24. 1
-3.9
20.9
28.3
4.1
.2
24.0
55. 1
-10.4
9. 1
56.3
65.8
25.1
-4.9
45.6
-19.2
-10.9
-1.7
-6.7
24
1.0
1.2
2.0
8.7
8.4
6.6
7.9
13.6
18.6
7.7
4.3
2
3
4
5
13
14
15
Monetary authority
U.S. Govt, cash ♦ deposits
Foreign deposits
Currency outside banks
16
17
18
19
Coaaercial banking
U.S. Government deposits
Foreign deposits
Private domestic deposits
20
21
22
23
Savings institutions
24
Saall Tine and Savings Deposits
1
2
3
4
5
6
65.5
13.3
52.2
38.8
7.5
5.9
6 1.0
25.3
31.7
26.0
1. t>
4.0
86.7
45.0
41.7
29.0
5.4
7.3
47.5
40.3
7.2
4. 1
.9
2.2
138.5
97.0
41.5
28.1
4. 1
9.4
90.3
63.6
26.6
14.9
3.3
8.5
129.0
78.2
50.8
35.0
4.6
11.2
231.9
178.9
52.9
40.6
3.6
8.7
409-0
264.9
144.2
105.7
22.2
16.3
179.3
94.5
84.8
62.9
4.1
17.9
162.5 Net change in liabilities
Coaaercial banks
87.2
Savings institutions
75.3
Savings and loan assns.
65.7
-5.9
Mutual savings banks
Credit unions
15.6
7
8
9
10
11
65.5
66. 1
-.1
.1
-.5
61.0
59.8
-.6
.1
1.8
86.7
83.4
-.3
-.2
3-9
47.5
47. 1
. 1
-. 1
.4
138.5
135.5
1.5
.5
1. 1
90.3
86.8
1.9
.7
.9
129.0
127.6
-1.4
.1
2.6
231.9
225.2
5.9
.6
.2
409.0
398.6
11.1
-.7
♦
179. 3
171.8
8.6
-.8
-.3
162.5 Net change in assets
158.0
Households
State and local governments
4.4
U.S. Governaent
.4
Credit
unions
-.3
88. 1
-68. 1
-105.2
-62.7
-6.5
1
2
3
4
5
6
7
8
9
10
11
Money Market Mutual Fund Shares
1
6.9
3 4.4
29.2
107.5
24.7
40.5
Money narket fund shares
Liab; Finance n.e.c.
Asset:
Households
1
Large Tiae Deposits
1
2
3
4
5
1
2
3
4
5
54.5
4 8.6
42.1
6.4
5.9
2 7.8
13.8
10.2
3.6
14.0
61.0
47.2
39.3
7.9
13.8
61.8
51.5
43.9
7.6
10.2
3.4
-8.8
2.3
-11.1
12. 1
48.7
42.6
51.4
-8.8
6. 1
13.4
3.5
21.1
-17.5
9.8
-72.2
-89.5
-95.2
5.6
17.3
-171.2
-167.4
-139.3
-28. 1
-3.8
-20.7
-57.5
-40.1
-17.4
36.8
62. 1 Net change in total liab.
Coaaercial banking
.1
Domestic banks
3.3
Foreign banking offices
-3.2
Savings institutions
62.0
6
7
8
9
10
11
54.5
44.4
34.2
2.0
8.2
1.1
27.8
2 3.0
16.8
4.7
-.4
3.2
61.0
44.7
42.2
4.0
-1.4
1.2
61.8
36.4
19.2
14.9
2.3
2.3
3.4
-5.2
-15.0
5.3
4.5
5.8
48.7
18.4
11. 1
3.4
3.9
8.0
13.4
-20.9
-40.6
9.8
9.9
4.2
-72.2
-42.4
-41.9
5.3
-5.7
4.5
-171.2
-127.5
-125.8
14.4
-16. 1
-4.0
-20.7
-7.5
-8.5
13.0
-12.0
6.0
62. 1 Net change in assets
61.2
Pvt. donestic nonfinancial
60.0
Households
-1.0
Business
State ♦ local governments
2.3
7.2
Foreign
6
7
8
9
10
11
12
13
14
15
16
17
8.9
.4
.3
*
5.5
2.7
3.5
-2.2
-.3
*
-1.4
7.5
15.1
2.5
*
2. 1
1.4
9.0
23. 1
-.7
-. 1
-.7
1.8
22.8
2.7
7.2
1.4
-2.8
-3.1
22.2
7. 1
3.9
-. 1
-4.0
15.3
30. 1
6.4
.6
.6
22.4
-34.4
7.2
1.4
-4.0
-39.0
-39.7
5.7
.4
-4.0
-41.9
-19.3
4.7
-1.3
.1
-5.7
-17. 1
-6.3
-2
*
*
-.4
-6.2
12
13
14
15
16
17
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Money narket funds
Federal Fends and Security Repurchase Agreements
1
2
3
22.1
20.0
2.1
16. 1
15.6
.5
20.4
18.3
2. 1
17.5
14.4
3.0
15.9
12.0
3.8
9.0
-1.0
10.0
40.3
33.9
6.4
.3
.4
♦
32.6
18.4
14.2
-15.6
-26.5
10.9
41.2 Net change in liabilities
27. 1
Coanercial banks
14. 1
Savings and loan assns.
4
5
6
7
8
9
10
10.7
5.5
2.0
1.4
1.7
♦
.1
12.7
2.6
4.0
.6
2.S
-9
2.1
11.5
6. 6
*
1.8
-.7
.6
3.2
20.6
•
2.5
3.5
4.2
1.5
8.9
11.4
3.7
-1
5.4
.4
•
1.7
9.8
3. 1
-1.3
5.8
4.6
-.3
-2.2
31.8
-2.3
3.6
18.9
3.0
-.1
8.7
-8.9
14.7
-2.8
-3.2
-6.0
-.9
-10.7
32.3
14.4
7.2
2.9
21.6
-1.9
-11.9
-13.3
.4
-. 1
-5.4
-1.7
-1.8
-4.8
35.9 Met change in assets
5.9
Nonfinancial corporations
12.9
State and local governaents
Sponsored credit agencies
-1.5
6.6
Savings and loan assns.
1.0
Mutual savings banks
11.0
Money aarket funds
11
11.4
3.5
8.9
-3. 1
4.5
-.7
8.5
9.3
.3
-2.3
1
2
3
4
5
6
7
8
9
10
5-3 Discrepancy-unallocated assets 11
U.S. Deposits in Foreign Countries
1
2.4
6.1
2.8
12.6
2.5
6.4
-5.5
1.8
-6.6
4.9
2
3
2.0
.5
1.5
4.6
1. 1
1.7
.5
12.1
■2.4
4.9
3.5
3.0
-4.0
-1.5
-1.9
3.8
11.7
-18.3
3-0
1.8
BILLIONS OF DOLLARS.
III/83 BASED OM INCOMPLETE INFORMATION.
4.0 Total foreign liability
Held by:
Nonfinan. corporate business
3.0
1.0
Roney aarket funds
1
2
3
MOVEABES 23, 1983
U.S- Governaent Securities
U.S. Governaent Securities
U.S. Governaent Securities Market Suaaary
UNAOJUSTEO NET FLOWS ($ HILL)
UNADJUSTED NET ELONS($ HILL)
II
1982
III
IV
|
1
1983
II
I
III
1973
BILLIONS OP DOLLABS
1974
1975
1976
1977
Total Net Issues>, by Sector and Type
1 Total O.S. Governaent secur.
U.S. Governaent
2
Spons. agencies * atg. pools
3
27,125
9,007
18,118
77,046
57,673
19,373
78,555
61 ,996
16,559
71,174
55,656
15,518
63,428
46,908
16,520
64,326
47,874
16,452
28.3
8.3
19.9
31.9
11.9
20.0
94.9
85.5
9.4
83.8
69-1
14.6
79.9
56.9
23.1
1
2
3
By instrument;
Treasury issues
Household savings bonds
Treas. exci. savings bonds
9,028
-53
9,081
57,715
147
57,568
62,088
757
63,331
55,620
475
55,145
46,951
876
46,075
47,898
868
47,030
7.9
2.7
5.2
12.0
3.0
9.0
85.8
4.0
81.8
69.1
4.7
64.5
57.6
4.7
52.9
4
5
6
18,097
-22
1
19,331
-42
16,467
-92
-
15,554
36
16,477
-43
-
16,428
-24
20.4
.7
-.3
19.9
.1
-.3
9.0
-.3
-. 1
14.6
.1
-. 1
22.3
-.5
-.2
7
8
9
8,795
9,323
6,093
13,280
-1,729
18,288
-3,180
18,698
476
16,044
650
15,802
16.3
3.6
16.6
3.4
2.3
7. 1
2.5
12.2
7.0 10
16.1 11
4
5
6
7
8
9
10
11
Other
Budget agency issues
Loan participations (1)
Spons. agency issues (2)
Mortgage pool secur. (2)
—
— — ——
Total Net Purchases, by Sector aad Type
—— — — — — — — ——
—
27,125
439
231
208
77,046
996
1,031
-35
78,555
150
269
-119
71,174
-333
136
-469
63,428
96
96
64,326
-274
-38
-236
28-3
«
«
-.1
.1
31.9
♦
.4
.3
.1
94.9
1.5
1.5
*
83.8
—
1.5
1.5
*
79.9
-3.8
-3.4
-.4
1
2
3
4
5
Federal Beserve Systea
Treasury issues
Agency issues
1,323
1,416
-93
8,336
7,388
948
4,494
4,919
-425
-3,271
-2,661
-610
5,212
5,022
190
13.933
13,750
183
9.3
8.6
.7
5.2
2.0
3.2
8.4
7.4
1.0
10.0
9.1
.9
7.2
5.8
1.4
6
7
8
9
10
11
Foreign
Short-tera marketable
Other
1,096
-848
1,944
4,429
3,621
808
2,990
2,752
238
6,704
4,209
2,495
3,881
2,725
1,156
1,974
2,033
-59
.2
-5.7
5.9
3.7
7.6
-3.9
8. 1
6.6
1.5
11.6
3.3
8.3
31.5 9
8. 1 10
23.4 11
12
13
14
Total private doaestic
Treasury issues
Agency issues
24,267
6,285
17,982
63,285
44,867
18,418
70,921
53,910
17,011
68,074
51,441
16,633
54,239
38,048
16,191
48,693
32,212
16,481
18.8
-.8
19.6
22.5
6.0
16.5
76.9
68.8
8. 1
60.7
47.0
13.7
45. 1 12
23.8 13
21.3 14
5,650
1,590
-53
3,643
4,060
14,607
12,114
147
11,967
2,493
20,816
22,419
757
21,662
-1,603
13,575
14,101
475
13,626
-526
25,921
23,844
876
22,968
2,077
18,442
14,655
868
13.787
3,787
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
24.6
17.5
4.7
12.8
7. 1
15
16
17
18
19
-7,397
-10,034
-53
-9,981
2,637
8,709
7,257
147
7,110
1,452
7,872
10,524
757
9,767
-2,652
10,352
12,161
475
11,686
-1,809
-4,850
-5,795
876
-6,671
945
17,420
14,463
868
13,595
2,957
18.9
17.1
2.7
14.4
1.8
20.0
15.4
3.0
12.4
4.6
18.8
19.9
4.0
15.8
-1.0
9.7
6.7
4.7
2. 1
2.9
19.7
14.0
4.7
9.2
5.7
20
21
22
23
24
1 Total purchases, by sector
2
U.S. Govt, (agency secur.)
3
Sponsored credit agencies
4
Treasury
5
Agency securities
6
7
8
15
16
17
18
19
Private doaestic nonfinan.
Total Treasury issues
Savings bonds (HH)
ether Treasury issues
Agency issues
20
21
22
23
24
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
25
26
27
Nonfin. corp, business
Treasury issues
Agency issues
-601
-601
5,086
5,062
24
2,502
2,500
2
3,219
3,215
4
5,875
5,878
-3
-240
-232
-8
-3.4
-4.4
1.0
2.3
1.4
.9
8.7
9.5
-.8
2. 1
2. 1
a
-6.4 25
-6.0 26
-. 4 27
28
29
30
State and local govts.
Treasury issues
Ayency issues
13,648
12,225
1,423
812
-205
1,017
10,442
9,395
1,047
4
-1,275
1,279
24,896
23,761
1,135
1,262
424
838
3.7
-1.0
4.7
-2.9
-5.5
2.5
-2. 1
-1.7
-.4
4. 1
2.2
1.9
11.3 28
9.6 29
1.7 30
-154
4,429
31
32
33
34
35
36
Coaaercial nanking
Treasury issues
Agency issues
2,377
1,828
18,564
16,765
1,799
20,756
JO,1*4
2,614
15,206
'»3, 2 5u
-30
5,858
S 1 SC
*702
-1.3
-« 9
7.6
.7
-? 9
3.6
30.0
2?. *
1.4
20.2
12.7
1.5
-1. 1 31
i. 2 J4.
.8 33
72
-265
39
4,392
-28
65
17,557
951
56
19,813
854
89
14,371
747
88
5,843
-95
110
-1.4
.2
-.1
.7
.2
-. 2
30.1
-- 2
. 1
19.6
.5
.1
-1.3 34
1 35
.2 36
-2,531
Coaaercial banks
Foreign banking offices
Banks in U.S.possessions
37
Private nonbank finance
18,771
44,249
31,541
33,743
13,112
24,393
.9
2.5
21.5
24.6
21.6 37
38
39
40
Total pvt. nonbank finance
Treasury issues
Agency issues
18,771
7,226
11,545
44,249
30,152
14,097
31,541
14,726
16,815
33,743
19,198
14,545
13,112
-1,032
14,144
24,393
12,401
11,992
.9
-3.7
4.5
2.5
-2.4
4.8
21.5
12.5
9.0
24.6
17.2
7.4
21.6 38
8.2 39
13.5 40
41
42
43
Savings and loan assns.
Treasury issues
Agency issues
5,726
-1,139
6,915
7,322
761
6,561
17,056
7,625
9,431
14,807
5,107
9,700
13,625
7,325
6,300
7,524
-776
8,300
.3
-2.0
2.3
-.4
-1.6
1.2
4.7
.6
4. 1
5.6
4.9
.7
3.9 41
-1.0 42
4.9 43
44
45
46
Mutual savings banks
Treasury issues
Agency issues
484
-169
653
-36
-150
114
654
343
311
2,968
1,844
1,124
2,583
785
1,798
1,251
178
1,073
-.5
-.5
.1
-.2
-.4
.2
3.9
2.2
1.7
4.0
1.1
2.9
2.6 44
. 1 45
2.6 46
47
48
49
Credit unions
Treasury issues
Agency issues
2,174
1,969
205
1,993
2,000
-7
2,244
2.000
244
4,714
4,700
14
3,550
3,500
50
1,981
2,013
-32
.5
.3
-2
.4
.1
-3
1.1
.3
.8
.6
.2
.5
.5 47
.1 48
.4 49
50
51
52
Life insurance coapanies
Treasury issues
Agency issues
2,052
927
1,125
3,351
2,303
1,048
4,861
3,623
1,218
3,311
2,708
603
2,810
1,904
906
3,316
2,759
557
-.2
-.4
.1
.1
-. 1
.2
1.7
1.4
.4
1.5
-6
-9
1.6 50
-.1 51
1.7 52
53
54
55
Private pension funds
Treasury issues
Agency issues
4,025
2,500
1,525
3,329
1,818
1,511
1,505
484
1,021
2.936
1,452
1,484
2,916
2,220
696
3,341
2,357
984
.7
.2
.6
1. 1
-.2
1.3
5.2
4.5
.7
3.9
3.7
.3
5.4 53
4.8 54
.6 55
56
57
58
St.+local govt.iti.funds
Treasury issues
Agency issues
3,311
2,872
4 39
6,904
2,704
4,200
3,815
-164
3,979
4,670
3,701
969
5,931
2,134
3.797
5.106
4,208
698
.1
-1.1
1.2
.3
-.9
1.2
1.6
1.0
.7
3.1
1.5
1.6
5.5 56
2.7 57
2.7 58
59
60
61
ether insurance cos.
Treasury issues
Agency issues
189
-494
683
1,518
848
670
938
327
611
1,700
1,049
651
897
300
597
1,970
1,758
212
*
-.1
*
.4
*
.4
2.5
1.9
.6
3. ’
2. 6
.6
3 0 59
2.5 60
.5 61
62
63
Mutual funds (Treasury)
Money akt.funds (Treas.)
Security brokers and
Dealers (Treasury)
383
240
699
17,669
493
1,260
-127
1,062
14 -15,262
178
-5,274
•
.4
.1
*
.8
♦
.2
.2 62
-.3 63
187
1,500
-1,265
-5,000
5,000
*
.2
1
2.4
-.7 64
64
-1,250
loan participations are included with
(1)
Where net shown separately
agency issues.
(2)
These issues are outside the budget and outside the U.S. Go^ernae
sector in flow of funds accounts. They are included in credit
aarket debt of financial institutions.
111/83 BASED ON
PBELIMINABY AND INCOMPLETE INFOBHATION
NOVEMBER 23, 1963
U.S. Government Securities
U.S. Governaent Securities
33
Governaent Securities Market Suaaary
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1978
1979
1980
1981
1982
I
1
1982
III
II
IV
|
|
I
1983
II
III
Total Net Issues, by Sector and Type
1
2
3
90.5
53.8
36.7
84.8
37.5
47.3
122.9
79.3
43.6
133.0
87.5
45.5
225.9
161.4
64.5
186.8
118. 4
68.4
272.6
206.6
66.0
295.4
224.6
70.9
272.4
196.3
76. 1
323.9
264.3
59.7
209.0 Total O.S. Governaent secur.
U.S. Governaent
157.3
Spons. agencies ♦ atg. pools
51.7
1
2
3
4
5
6
55.1
3.9
51.2
38.8
-.8
39.6
79.8
-7.3
87.1
87.8
-4.3
92.2
162.1
.2
162.0
118.5
-2
118.3
206.8
*
206.8
224.9
.7
224.2
196.2
4.7
191.5
264.4
3.9
26 0.6
157.4
2.9
154.4
By instrument:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
4
5
6
7
8
9
35.3
-1.1
-.3
46.0
-1. 1
-..2
43. 1
-.3
-.2
45.2
-.3
-. 1
63.7
-.2
-.5
68.4
-. 1
♦
65.8
-.2
70.5
-.4
76.2
.1
-
59.5
-.2
51.6
-. 1
-
10
11
23.1
13.6
24.3
23.1
24.4
19.2
30.5
15.0
14.9
49.5
29.0
39.4
12.6
53.4
*
70-8
1.5
74.6
-6.5
66.2
-12.3
64.0
Other
Budget agency issues
Loan participations (1)
7
8
9
Spons. agency issues (2)
Mortgage pool secur. (2)
10
11
20 9.0 Total purchases, by sector
U.S. Govt, (agency secur.)
-10.4
Sponsored credit agencies
Treasury
-9.5
Agency securities
-.9
1
2
3
4
5
Total Net Purchases, by Sector and Type
1
2
3
4
5
90.5
.6
.5
.1
84.8
.2
-.2
.4
122.9
.7
.4
.2
133.0
.4
.2
.2
225-9
1.4
1.5
-. 1
186.8
2. 5
1.7
.8
272.6
-2.8
-2.7
-.1
295.4
4.5
4.9
-.5
272.4
1.9
3.7
-1.9
323.9
1.8
1.5
.4
6
7
8
7.3
7.7
-.4
7.0
6.9
.7
4.4
3.9
.6
8.8
9.6
.1
8-5
8.4
.1
4.9
5.3
-.4
24.1
20.3
3.8
10.1
11.8
-1.7
6.2
8.7
-2.4
22.9
22. 1
-8
45-6
44.9
.7
Federal Beserve Systea
Treasury issues
Agency issues
9
10
11
28.2
13.9
14.3
-14. 1
-18.5
4.5
10.6
12.3
-1.7
7.0
-2-5
9.5
8.0
-.9
8.9
28.9
13. 1
15.8
8.2
7.8
.4
-7.6
-7.4
-.2
35.7
30.4
5.3
37.3
26.8
10.5
-.7
1. 1
-1.8
Foreign
Short-tera narketable
Other
9
10
11
12
13
14
54.3
18.7
35.7
91. 1
4 6.2
44-9
107.2
64.9
42.3
115.9
70-9
44.9
207.9
144.3
63.6
150. 5
82.6
67.9
243.1
181.0
62.2
288.5
215.8
72-7
228.6
148.1
80.6
262.0
203-6
58.4
174.5
122-7
51.8
Total private doaestic
Treasury issues
Agency issues
12
13
14
15
16
17
18
19
36.3
22.4
3.9
18-5
13.9
61.4
35.3
-.8
3 6. 1
26. 1
38.3
24.3
-7.3
31.6
14.0
47.4
31.2
-4.3
35.5
16.2
58.1
56.3
-2
56.2
1.8
54. 4
41.2
-2
41.0
13.2
40-6
42.2
*
42.2
-1.6
104.7
106.0
.7
105.3
-1.3
23.5
12-8
4.7
8-2
10.6
126.6
123.7
3.9
119.8
2.9
42-8
41.8
2.9
38.9
1.0
20
21
22
23
24
29.5
21.9
3.9
18.0
7.6
45.7
25.2
-.8
2 6.0
20.5
32.6
21.5
-7.3
28.9
11.0
48.7
33.9
-4.3
38.2
14.8
29.8
31.8
.2
31.6
-2.0
22.5
15.0
.2
14.8
7.5
10.7
16.5
*
16.5
-5.7
45.5
50.9
.7
50.2
-5.5
.1
-5.4
4.7
-10.0
5.5
27.9
29.5
3.9
25.6
-1.6
31.3
33.7
2.9
30.7
-2.4
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
20
21
22
23
24
25
26
27
-4.5
-5.2
.7
.1
1.4
-1.3
-3.2
-3.7
.5
-1.4
-1.4
♦
7.4
7.3
-1
.5
.5
15.0
14.9
.1
14.2
14.2
♦
14.0
14.0
»
25.8
25.9
*
-8.2
-8. 1
*
Nonfin. corp, business
Treasury issues
Agency issues
25
26
27
28
29
30
11.3
5.7
5.6
15.6
8.7
6.8
9.0
6.5
2.5
.1
-1.3
1.4
20.9
17.2
3-7
31.4
25.8
5.7
14.8
10.8
4.1
45. 1
40.9
4.2
9.3
4.2
5. 1
72.9
68.3
4.5
19.6
16.3
3.4
State and local govts.
Treasury issues
Agency issues
28
29
30
31
32
33
-5
-6.5
7.0
7.9
.4
7.6
25.6
15.9
9.7
11.7
1.9
9.8
27.7
20.4
7.3
8.2
-.5
8.7
23.0
16.3
6.7
64.0
58.0
6.0
78.6
65.5
13. 1
70.2
71.0
-.9
30. 1
28. 1
1.9
34
35
36
.1
.5
-.1
7.4
.5
*
25.0
-5
.1
11.4
.6
-.3
26.7
.8
.2
9. 1
-1. 1
.2
22.8
-. 1
.3
60.0
3.8
.2
74.8
3.4
-4
66.9
3.0
.4
30.0
-.4
.4
6
7
8
Private doaestic nonfinan. 15
Total Treasury issues
16
17
Savings bonds (HH)
Other Treasury issues
18
Agency issues
19
Coamercial banking
Treasury issues
Agency issues
31
32
33
Coaaercial banks
34
Foreign banking offices 35
Eanks in U.S.possessions 36
37
37
17.5
21.8
43.2
56.7
122. 1
87.9
179.5
119.8
126.6
65.2
101.7
Private nonbank finance
38
39
40
17.5
2.8
14.7
21.8
10.5
11-3
4 3.2
24.7
18.6
56.7
37.8
18.9
122.1
67.6
54.5
87.9
41.9
46.0
179.5
122.5
57. 1
119.8
51.8
68.0
126.6
69-8
56.8
65.2
8.9
56.3
101-7
52.7
49.0
Total pvt. nonbank finance 38
39
Treasury issues
Agency issues
40
41
42
43
4.6
*
4.6
1.0
-2.9
3.9
13.8
5.7
8. 1
3. 1
-3.5
6.6
37.4
7.5
29.8
28.3
1.5
26.8
34.0
6.4
27.6
60.6
22.5
38. 1
58.0
20.3
37.7
59.4
35.3
24. 1
36.2
.9
35.3
44
45
46
.8
-.9
1.7
1.2
-.2
1.3
3.3
.8
z.5
.9
-.2
1.2
1-9
-7
1.2
2.9
-.5
3.4
-2
-.2
.4
2.3
2.0
.3
11.0
5.9
5.1
11.2
3.4
7.9
47
48
49
.1
-.4
.5
•
.1
-. 1
4.3
J. 2
1. 1
1.2
.7
.5
8.8
8.4
.4
8.7
7.9
.8
8.0
8.0
*
9.0
8.0
1.0
18.9
18.8
-1
50
51
52
2.0
-.5
2.5
2.9
.1
2.8
2.7
1.0
1.8
5.5
2.3
3. 1
12.7
8.4
4.3
10.4
5.9
4.5
14.2
10.0
4.2
18. 1
13.3
4.9
53
54
55
2.1
1.6
.5
2.8
1.9
.8
5.8
4.7
1.2
9. 1
6-5
2.6
13.6
8.2
5.3
17.2
11.2
6.0
11.6
6.2
5.5
56
57
58
7.1
2.7
4.4
6.6
5-3
1.4
9.9
6.2
3.7
10.7
6.6
4. 1
18.3
7.4
11.0
13-2
11-5
1.8
59
60
61
1.2
.7
.5
1-3
.2
1. 1
1.8
1.6
-2
2.2
1.4
.8
4.0
1.5
2.5
62
63
-.2
.6
*
4.2
.3
2.6
.9
23.7
64
—.8
1-9
-1.4
-.6
BILLIONS OP DCLLABS.
Savinqs and loan assns.
Treasury issues
Agency issues
41
42
43
5.5
1.3
4.2
Mutual savings banks
Treasury issues
Agency issues
44
45
46
14.2
14.0
.2
7.9
8. 1
-.1
Credit unions
Treasury issues
Agency issues
47
48
49
11.2
8.8
2.4
13.9
10.2
3.6
14.3
12. 1
2.2
Life insurance coapanies 50
Treasury issues
51
Agency issues
52
9.0
3.6
5.4
9.3
4.2
5.1
12.6
9.6
3.0
1 1.5
8.5
3.0
Private pension funds
Treasury issues
Agency issues
27.6
10.8
16.8
15.3
-.7
15.9
18.7
14.8
3-9
23.7
8.5
15.2
20.4
16.8
3.6
St.*local govt.rtr.funds 56
Treasury issues
57
Agency issues
58
4.0
1.2
2.7
4.5
1.8
2.7
3.6
1.2
2-4
5.0
2.4
2.6
7.0
4.6
2-4
6.2
5-4
.8
2.3
22.7
1. 5
1.0
2.8
70.7
2.0
5.0
-.5
.1
4.2
-61.0
.7
-21. 1
.4
.7
6.0
-5. 1
-5.0
-20.0
20.0
(1)
Cther insurance cos.
Treasury issues
Agency issues
59
60
61
62
Mutual funds (Treasury)
Honey akt.funds (Treas.) 63
Security brokers and
64
Dealers (Treasury)
Where not shown separately, loan participations are included with
agency issues.
(2) These issues are outside the budget and outside the U.S. Governae
sector in flow of funds accounts. They are included in credit
aarket debt of financial institutions.
111/83 BASED ON INCOHPLETE INFORMATION.
53
54
55
NOVEHBEB 23, 1983
Private Securities
Private Securities
State * Local Governaent, Corporate, and Foreign Securities
34
UNADJUSTED MEI fLOSS($ BILL)
UMADJUSTED HET FLOWS(S HILL)
II
1982
III
1
IV
J
I
1983
II
III
1973
BILLIONS OF DOLLABS
1974
1975
1976
1977
State and Local Governaent Obligations
1 Met change in liabilities
State and local governaents
2
Short-tera
3
4
Other
5
Nonfin. corporate business
(Industrial revenue bonds)
14,954
11,630
3,728
7,902
3,324
12,698
8,396
2,020
6,376
4,302
17,895
14,018
803
13,215
3,877
6,637
4,183
-5,237
9,420
2,454
22,902
20,019
1,569
18,450
2,883
8,786
6,713
-553
7,266
2,073
14.7
12.9
.3
12.6
1.8
16.5
14.8
2.7
12.1
1.6
16. 1
13.5
-.3
13.8
2.6
15.7
13.2
-4. 1
17.2
2.5
21.9
15.2
-2.9
18. 1
6.7
1
2
3
4
5
6 Net change in assets
Households
7
Nonfin. corporate business
8
State+local govt. gen. funds
9
14,954
12,904
-111
-40
12,698
7,065
163
262
17,895
7,632
171
244
6,637
4,166
350
568
22,902
20,009
155
-237
8,786
4,820
117
-216
14.7
5.3
-.1
.2
16.5
8.3
.6
.5
16. 1
6.2
-.2
2.4
15.7
2.0
-1.1
2.4
21.9
-1.5
6
7
8
9
-962
-92
-36
13
-135
-49
6,164
-113
279
-4,824
12
-67
1,257
-2
-146
711
2
-7
5.7
5.4
.3
*
1.8
1.0
.6
3.0
-.3
.9
10
12
Coaaercial banking
Savings and loan assns.
Hutual savings banks
13
14
15
16
Insurance
Life insurance coapanies
State+local govt.rtr.funds
ether insurance coapanies
1,969
499
197
1,273
692
416
-202
478
735
538
-258
455
732
417
-607
922
1,739
891
219
629
1,451
545
150
756
-.3
3.6
1.7
.3
-.7
2.2
4.4
.8
1.0
2.6
7.9
1.1
1.4
5.4
17
18
Hutual funds
Brokers and dealers
1,298
24
4,405
282
2,942
-159
5,447
253
327
-200
1,608
300
.2
-.4
-.1
.5
.3
11
♦
•
3.3
♦
»
.6
9.2 10
• 11
.4 12
11.4
.5
.2
10.7
13
14
15
16
1.6 17
.2 18
Corporate and Foreign Bonds
1 Met issues
2
Nonfin. corporate business
3
Foreign
4
5
6
7
8
Total finance
Coaaercial banking
Savings and loan assns.
Finance coapanies
Beits
9 Net purchases
10
Housenolds
11
Foreign
Coamercial banking
nutual savings banks
13
14
15
16
17
18
Insurance
Life insurance coapanies
Private pension funds
St. + loc. govt. rtr. funds
ether insurance coapanies
19
20
Hutual funds
Brokers and dealers
3,547
3,031
429
10,375
5,936
3,193
12,135
8,142
2,207
7,113
3,445
806
10,513
6,243
1,385
5,537
1,323
392
14.6
9.2
1.0
24.9
19.7
2. 1
36.7
27.2
6.2
41.2
22.8
8.6
38.0
22.9
5. 1
1
2
3
87
-104
196
-5
1,246
602
20
629
-5
1,786
643
-66
1,214
-5
2,862
1,235
9
1,622
-4
2,885
790
17
2,081
-3
3,622
1,636
8
2,179
-1
4.4
.9
3.0
.6
3.1
1.1
1.8
.2
3.2
.5
.1
2.7
-
9.8
6.9
.1
3. 1
-.2
10. 1
1.3
1.2
7.8
-. 1
4
5
6
7
8
3,547
-8,098
5,124
399
-1,013
10,375
3,083
1,448
1,007
-314
12,135
1,505
1,230
349
112
7,113
-3,318
235
1,435
1,063
10,513
-4,359
721
1,353
1,121
5,537
255
760
222
415
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
11-8
.9
-.6
2.8
38.0
-3.2
3.8
*
1.2
9
10
11
12
13
7,482
3,787
866
3,028
-199
4,161
3.527
853
62
-281
7,781
5,032
840
2,027
-118
8,886
5,502
755
2,641
-12
9,813
6,025
1,282
2,481
25
7,204
4,880
648
1,515
161
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
16.9
-.3
5. 1
3.9
35.0
18.8
6.6
6.0
3.7
14
15
16
17
18
-27
-320
746
244
-70
1,228
647
-1,835
787
1,077
253
- 3,572
.1
.4
.6
-.6
.7
1.2
.3
.5
1.1 19
.2 20
Corporate Eguities
1 Net issues
2
Hutual funds
7,168
2,259
7,156
6,222
16,379
5,822
21,505
11,630
22,048
7,773
11,864
5,947
iu.2
-.2
5.7
.9
lU.b
-.3
10.6
-2.4
6.5
.9
1
2
3
4
5
6
7
8
4,909
3,784
101
146
713
165
934
-265
105
153
779
162
10,557
8,145
1,320
160
761
171
9,875
7,794
993
167
761
160
14,275
11,321
1,837
174
778
165
5,917
4,196
612
181
769
159
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
5.6
2.7
.4
.6
1.4
.6
3
4
5
6
7
8
7,168
1,575
2,259
-684
7,156
1,150
6,222
-5,072
16,379
611
5,822
-5,211
21,505
4,325
11,630
-7,305
22,048
5,572
7,773
-2,201
11,864
3,187
5,947
-2,760
10.2
-5.8
-.2
-5.5
5.7
-.6
.9
-1.6
10.6
-3.8
-.3
-3.5
10.6
-4.6
-2.4
-2.2
6.5 9
-3.5 10
.9 11
-4.4 12
989
-3
-93
4 39
2
-116
1,598
4
-111
2,693
9
79
1,267
1
60
986
5
56
2.8
.4
.5
*
.2
4.7
*
.2
2.8
*
.1
2.7 13
♦ 14
.4 15
5,025
704
2,225
1,429
667
4,253
1,688
2,529
-663
699
11,173
200
5.738
4,528
707
13,222
2,291
5,701
4,512
718
9,746
1,567
4,571
2,877
731
7,701
1,100
3,849
2,011
741
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
10.5
1.2
4.5
3.7
1.2
-4
-321
1,184
244
1,876
1,228
3,012
-1,835
4,325
1,077
3,501
-3,572
-2.2
.4
-.4
-.6
-.9
1.2
-2.4
.5
-3.7 21
.2 22
Other sectors
Nonrin. corporate business
Foreign
Coaaercial ranks
ether insurance coapanies
Beits
9 Net purchases
10
Households
11
Hutual fund shares
12
Other eguities
13
14
15
foreign
Coaaercial ranking
Hutual savings banks
16
17
18
IS
20
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
21
22
Hutual funds
Brokers and dealers
111/83 BASEL CM PBELIHINABI AMD INCOMPLETE INFOBHATION
»
16
17
18
19
20
NOVEMBER 23, 1983
Private Securities
Private Securities
State ♦ Local Governaent, Corporate, and Foreign Securities
35
SEASONALLY ADJUSTED ANNUAL BATES
1978
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL BATES
1982
1
|
II
1982
III
IV
j
1
I
1983
II
III
State and Local Governaent Obligations
1
2
3
4
5
28.4
20.7
.6
20- 1
7.7
30-3
20.3
1.0
19.4
10.0
30.3
19.4
1.7
17.7
10.9
21-9
8.4
.9
7.5
13.4
50.5
35.4
5.6
29.8
15.1
51.7
38.4
9.9
28-5
13.3
47.4
30.2
4.4
25.8
17.2
71.3
55.8
7.2
48.6
15.5
38.6
28.8
-16.4
45.3
9.8
83.1
71-6
1.2
70.4
11.5
32.8 Net change in liabilities
24.5
State and local governnents
-6.0
Short-tera
Other
30.5
Nonfin. corporate business
8.3
(Industrial revenue bonds)
1
2
3
4
5
6
7
8
9
28.4
4.1
-2
— .7
30-3
10.4
V
-.5
30.3
7.0
-.2
.2
21.9
9.4
♦
.2
50.5
29.9
-1
1.0
51.7
41.6
-.4
-.2
47.4
27- 1
.7
1.0
71.3
36.3
.7
1.0
38.6
22.0
1.4
2.3
83. 1
68.9
.6
-.9
32.8 Net change in assets
18.7
Households
.5
Nonfin. corporate business
-.9
State+local govt. gen. funds
6
7
8
9
10
11
12
9.6
.1
-5
9.5
-.1
-.4
13.6
*
-.5
5.0
. 1
-. 1
4.7
-.5
.2
-2.0
-.4
-. 1
-2.2
-.5
-.2
18.6
-.5
1. 1
-12.4
*
-.3
7.7
*
-.6
.9
*
*
13
14
15
16
14-3
.4
.4
13.5
9.9
*
*
9.9
8. 1
.3
.1
7.7
4.2
.5
—. 2
4.0
4.5
1.9
-.5
3.0
7.9
2.0
.8
5. 1
2.9
1.8
-.8
1.9
2.9
2. 1
-1.0
1.8
2.8
1.5
-2-4
3.7
6.9
3.5
.9
2.5
17
18
-5
-.2
1.4
-2
2.0
*
2.9
.2
10.9
-.2
5.2
. 1
17.6
1.1
11.8
-.6
21.8
1.0
1.3
-.8
Coaaercial banking
Savings and loan assns.
Mutual savings banks
10
11
12
6.0
2-4
.6
3.0
Insurance
Life insurance coapanies
State*local govt.rtr.funds
Other insurance coapanies
13
14
15
16
6.4
1.2
Hutual funds
Brokers and dealers
17
18
Corporate and Foreign Bonds
1
2
3
32-8
21-1
4.2
29.0
17.3
3.9
34.6
26.7
.8
26.7
22. 1
5.4
27.7
18.8
6.6
10.7
10.0
1.7
43.8
24.8
12.8
43. 1
29. 1
8.8
36.0
18.5
3.2
39.1
23.3
5-5
24.2 Net issues
Nonfin. corporate business
6.3
1.6
Foreign
1
2
3
4
5
6
7
8
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
2.3
1. 1
*
1.2
♦
-1. 1
-.4
-.6
«
6.3
2-4
.1
3.8
*
5.2
2. 6
-.3
3.0
V
14.2
4.9
*
9.3
♦
10.2
3.2
.1
7.0
*
16.4
6.5
*
9-8
*
4
5
6
7
8
9
10
11
12
13
32-8
-1-8
1.9
-.3
-1
2 9.0
5.7
2.6
-.1
-1. 1
34.6
.6
8.2
.6
.7
26.7
-8.9
8. 1
♦
-1.0
27.7
-9-4
10. 1
1.9
-1. 1
10.7
-30.3
20.5
1.6
-4. 1
43-8
10.9
5.8
4.0
-1.3
43. 1
3-8
4.9
1.4
-4
36.0
-10.9
.9
5.7
4.3
39.1
-14.5
2.9
5.4
4.5
14
15
16
17
18
34.Q
17-3
5.9
9-0
1.8
22-4
1 1.6
5.7
3.2
2-0
22-6
8-7
4.4
9-5
*
24.0
7.3
3.6
10.2
2.8
26-6
16.2
3.5
7.4
-.5
26.6
11.9
3.5
12. 1
-.8
19.4
16.8
3.4
.2
-1.1
34.4
23-4
3.4
8. 1
-.5
32.3
18.8
3-0
10-6
*
35.7
20.5
5. 1
9.9
. 1
31.9
22.7
2.6
6. 1
.6
19
20
-.7
-.4
-8
-1.5
1.3
.7
1.6
2.8
.2
-.4
-. 1
-3.6
3.0
2.0
-.3
-1.6
2.6
1.1
3.1
2.0
1.0
-13.2
Total finance
Coaaercial banking
Savings and loan assns.
Finance coapanies
Reits
24.2 Net purchases
Households
-1. 1
3.0
Foreign
-9
Coaaercial banking
1.7
Mutual savings banks
9
10
11
12
13
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance companies
14
15
16
17
18
Mutual funds
Brokers and dealers
19
20
Corporate Equities
1
2
1.9
-. 1
-3.8
. 1
22.2
5.2
-3.7
6.8
35.4
18.6
31.8
12.2
30.0
26-2
64.0
21.8
82.2
42.7
92-0
34.9
49.0 Net issues
25.3
Mutual funds
3
4
5
6
7
8
1.9
-.1
-.5
1. 1
.8
.6
-3.9
-7.8
.8
1.3
.9
.9
17.1
12.9
2. 1
.4
1.2
.6
-10.6
-1 1.5
»
.5
1. 1
-.7
16.8
11.4
1.3
.6
2.8
.7
19.6
15. 1
.4
.6
2.9
.7
3.7
-1. 1
.4
.6
3. 1
.6
42.2
32.6
5.3
.6
3.0
.7
39.5
31.2
4.0
.7
3.0
.6
57. 1
45-3
7.3
.7
3. 1
.7
23.7
16.8
2.4
.7
3. 1
.6
9
10
11
12
1.9
-5. 1
-.1
-5-0
-3.8
-15.2
-1
-15.3
22.2
*
5.2
-5. 1
-3.7
-31.6
6.8
-38.5
35.4
3.5
18.6
-15.1
31.8
12-2
12.2
*
30.0
26.2
-25.8
64.0
10.0
21.8
-11-8
82.2
7.6
42-7
-35.1
92.0
28.6
34.9
-6.2
13
14
15
2-4
*
.1
1.7
*
-. 1
5.4
•
-.5
5.8
-. 1
-.6
4-0
*
-.5
1-9
*
-.4
4. 1
•
-.5
6.5
*
-.4
10.3
•
.3
2.8
*
.2
6.5
*
.2
16
17
18
19
20
6.4
-.1
1.9
2.6
2.0
14. 1
.6
6. 1
4. 1
3.2
18.5
-5
9.6
5.3
3- 1
20.6
2.9
7.3
8.3
2.0
25.2
3.4
11.5
7.7
2.7
19.9
2-8
8.7
5.7
2.7
19.0
6.8
12. 1
-2.7
2.8
42.8
.8
21. 1
18. 1
2.8
52.4
9-2
22.4
18.0
2.9
38.8
6.3
18. 1
11.5
2.9
33-4
4.4
18.0
8.0
3.0
21
22
-1-6
-.4
-2.8
-1.5
-1.8
.7
-. 6
2.8
3.5
-.4
1.7
-3-6
4.9
2.0
6.7
-1.6
10.5
1.1
19.4
2-0
14.2
-13.2
BILLIONS OF DOLLABS.
.5
111/83 BASED ON INCOMPLETE INFORMATION.
Other sectors
Nonfin. corporate business
Foreign
Coaaercial banks
Other insurance coapanies
Beits
1
2
3
4
5
6
7
8
49.0 Net purchases
Households
7.9
25.3
Mutual fund shares
Other equities
-17.5
9
10
11
12
Foreign
Coaaercial banking
Mutual savings banks
13
14
15
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
16
17
18
19
20
Mutual funds
Brokers and dealers
21
22
NOVEMDEB 23, 1983
Bortgages - I
Bortgages - I
&
Bortgage Harkets by Type of flortgage
UNADJUSTED NET FLOWS($ HILL)
UNADJUSTED NET FLOWS($ BILL)
II
1982
III
IV
|
|
I
1983
II
III
1973
BILLIOBS OF DOLLABS
1979
1975
1976
1977
Total Bortgages
1 Net change in nertgages
Hone nortgages
2
Hulti-faaily resid.
3
9
Connercial
5
Farn
20.726
11,899
620
6,695
1,567
21,507
17,750
-887
3,712
932
21,253
15,399
87
5,282
985
27,802
20,329
1,397
5,999
127
90,337
28,890
2,396
8,289
767
50,183
37,030
2,069
9,839
1,295
80.7
95.6
10.9
19.1
5.5
69.5
37.3
6.9
15.3
5.0
57.9
92.0
•
11.2
9.6
85.9
63.9
3.9
11.9
5.7
126.2
99.0
7.0
18. 1
7. 1
1
2
3
9
5
6 Borrowings oy:
7
U.S. Governaent
8
Beits
20,726
-32
30
21.507
-30
29
21,253
-31
29
27,802
-15
28
90,337
-32
28
50,183
-19
27
80.7
-.1
.3
69.5
1
.2
57.9
-.1
.9
85.9
1
.9
126.2
1
*
6
7
8
20.728
7.592
675
12.961
1,567
8,828
2,066
21.508
15.059
681
5,773
932
3,999
897
21,255
16.267
659
9,339
985
9.918
-569
27,789
23,993
631
3,665
127
9,903
-1,365
90,391
21,996
619
17,731
767
13,796
3,168
50,170
33,399
639
16,192
1,295
13,177
1,720
80.9
96.5
1.1
32.8
5.5
25.5
1.8
69.9
38.0
1. 1
25.9
5.0
19.9
.9
57.6
90.6
1.0
16.0
9.6
12.5
-1. 1
85.1
61.9
.8
22.9
5.7
19.8
2.9
126.3
90.8
1. 1
39.9
7. 1
23.8
3-5
9
10
11
12
13
19
15
20,726
9,736
1.017
21.507
9.065
1,399
21.253
1,858
1,926
27,802
-839
1,970
90,337
-919
1,937
50,183
-1,118
1,950
80.7
2.7
1.7
69.5
6.9
2.5
57.9
6.2
1.6
85.9
7.9
1.3
126.2 16
8. 1 17
.6 18
1,033
3,756
9,323
-59
9,996
13,280
812
2,959
18,288
-1.029
2,116
18,698
1,389
2,702
16,099
1,513
606
15.802
-.6
7.2
3.6
3.8
10.2
3.9
6.5
5.3
7. 1
.9
2.9
12.2
9.2 19
3.5 20
16. 1 21
861
9,657
-9,805
-3,812
-1,118
125
-1,579
9,320
-7,311
-7,073
-369
126
-9,085
3,900
-9,730
-9,973
-383
126
7,381
3,930
1,559
1,672
-290
127
19,689
6,991
10,306
10.022
157
127
31,930
11,900
17,992
17,339
30
128
66. 1
19.8
39.2
28. 1
5.7
.9
37.8
12.8
21.3
19.0
2.2
.1
31. 1
3-8
30.5
27.7
2.3
.5
61.2
15. 1
97.6
92.7
9.9
.5
93.8
27.9
61.9
55. 1
6.5
.3
22
23
29
25
26
27
1,281
777
202
238
69
-197
-125
1,299
865
-98
966
61
200
-77
1,893
1,515
211
105
62
9 25
-73
1,667
1,112
328
169
63
225
2,112
1,699
290
116
62
350
-75
2,738
2,125
250
300
63
375
-75
9.7
9.9
-.9
.7
*
1.9
5.6
5.9
9.9
*
.6
*
-1.9
.2
2.8
2.9
♦
-.2
. 1
-1.3
-9.8
2.6
2.9
*
.2
.1
-.9
-3.8
5.8
5.2
.1
.3
. 1
1.2
-2.9
28
29
30
31
32
33
39
3,236 -1,756 -1,691
-5,985
35 (1) Meno: FHIE loans to s+1
associations (included in "other leans" category).
-1,223
-931
7.2
6.7
-9.0
-2.0
9
10
11
12
13
19
15
Private nonfinancial sectors
Households
Nonprofit institutions
Nonfinancial business
Farms
Nonfarn noncorporate
Corporate
16 Funds advanced by:
Households
17
18
St.+loc.. govt. gen. funds
19
20
21
U.S. Governaent
Sponsored credit ag.
Mortgage pools
x2
23
29
25
26
27
Private finan. institutions
Conmercial banking
Savings institutions
S + 1 associations (1)
Mutual savings banks
Credit unions
28
29
30
31
32
33
39
(1)
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr.funds
Other insurance cos.
Finance companies
Beits
9.3 35
Hone Bortgages
1 Net rorrewing
Households
2
Nonfarn noncorp, business
3
9
Nonfin. corporate business
11,899
7,592
2,151
2,151
17,750
15,059
1,398
1,398
15,399
16,267
-939
-939
20,329
23,993
-1,582
-1,582
28,890
21,996
3,997
3,997
37,030
33,399
1,818
1,818
95.6
96.5
-.9
-.9
37.3
38.0
-.3
-.3
42.0
40.6
.7
.7
63.9
61.4
1.2
1.2
94.0
90.8
1.6
1.6
1
2
3
4
5 Net change in assets
6
Households
7
State and local governments
11,899
9,281
569
17,750
3,955
792
15,399
1,921
913
20,329
-1,230
1,092
28,890
-1,725
1,269
37,030
-1,660
800
95.6
2.3
.6
37.3
6.4
.7
42.0
5.5
.8
63.9
4.8
.8
94.0
5.4
.2
5
6
7
397
2,538
9,222
1,296
961
3,896
13,206
2,530
271
2,661
18,221
1,996
-531
1,923
17,962
2,308
776
2,321
16,186
9,103
909
906
15,698
6,692
-.8
3.5
3.2
11.0
1.4
5.5
3.3
6.6
4. 1
2.5
7.3
2.1
-.7
.5
11.9
9.2
2.5 8
.5 9
15.7 10
18.9 11
-7,996 -10,301
-7,926 -10,353
-79
-196
126
126
-1,199
-1,960
689
127
6,160
9,839
1,199
127
13,368
12,619
621
128
26.0
23.0
2.6
.4
16. 1
15.3
.7
.1
22.6
21.3
.8
.5
36.8
35.2
3.1
.5
52.0
46.8
4.9
.3
12
13
14
15
-1.3
-1.4
•
.1
16
17
18
19
8
9
10
11
U.S. Government
Spons. credit agencies
Mortgage pools
Commercial ranking
12
13
19
15
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit unions
16
17
18
19
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
20
21
Finance companies
Beits
-5,785
-4,986
-929
125
-911
-635
170
59
368
919
-36
-10
-58
-122
80
-16
-196
-355
105
59
-925
-528
150
-97
-37
-212
100
75
-2.0
-1.9
-.2
.2
-1.4
-1.4
*
. 1
-1.9
-1.4
-. 1
-. 4
-1.6
-1.5
1
*
-83
-75
113
-25
300
-25
150
-
250
-25
779
80
1.2
.7
-1.2
-.2
-.5
-.5
.4
-.2
111/83 BASED GN PBELIHIMABI AND INCOMPLETE INFOBHATION
.4 20
-.2 21
NOVEMBER 23, 1983
Mortgages - I
Hortgages - I
37
Mortgage Markets by Type of Mortgage
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1978
1979
1980
1981
1982
|
1
II
1982
III
IV
J
|
I
1983
II
III
Total Hortgages
1
2
3
4
5
15Q.2
112-2
9.1
21-7
7.2
163-5
120-0
7-7
24.0
1 1.8
134.9
96.7
8-7
20. 1
9-3
113-9
75-9
4.0
24.2
9.7
83.0
56.6
1.2
20. 1
5.2
78.9
48.2
2.7
23.6
4.5
74.8
56.6
-3.7
17.4
4.5
84-9
60.5
.2
19-9
4.4
127.2
97-6
5.7
25.0
-1-0
156.7
115.9
9.8
29.5
1.5
189.6 Net change in mortgages
Hoae mortgages
133.0
Hulti-faaily residt
8.0
42.8
Coaaercial
5.7
Fara
1
2
3
4
5
6
7
8
150-2
-.1
.1
163-5
-.1
*
134.9
1
1
113.9
-. 1
5
83.0
-. 1
.1
78.9
-. 1
- 1
74.8
-.1
.1
84.9
-. 1
. 1
127.2
-.1
.1
156.7
-.1
.1
189.6 Borrovings by:
U.S. Government
-.1
Beits
-1
6
7
8
9
10
11
12
13
14
15
150.2
111.5
1.3
3 7.4
7.2
26.1
4-1
163.6
121.2
1.5
4 0-8
11.8
27.6
1-4
135- 1
98-3
1-9
34.9
9.3
23.5
2.0
114.5
78-8
2.3
33-4
9.7
25.2
-1.5
83.0
55-8
2.6
24.6
5.2
19.6
-.2
78.9
47-6
2.7
28.6
4.5
24.0
.2
74.8
55.0
2.7
17.0
4.5
13.9
-1.4
84.9
57-7
2.6
24.6
4.4
19.5
-7
127.2
89.1
2.5
35.5
-1.0
31.4
5-2
156.7
106.3
2.5
48.0
1.5
42.6
3.9
189.6
127.8
2.5
59.3
5.7
51-5
2.0
16
17
18
150.2
14.2
2-5
163.5
20.0
6.3
134.9
22.2
9.9
113.9
23- 1
7.6
83.0
15.3
4.9
78.9
21.6
4. 1
74.8
18.2
5.4
84.9
8.4
5.7
127.2
-4-8
5.9
156.7
-3.5
5.7
189.6 Funds advanced by:
-4. 1
Households
St.+loc. govt. gen. funds
5.8
19
20
21
4.2
12-2
13.6
6.6
14.4
23.1
7.5
14. 1
19.2
4.9
12.6
15.0
2.4
13.8
49.5
3.8
15. 4
39.4
-.5
15.8
53.4
3.7
12.6
70.8
-4.3
10.1
74.6
5.4
11.2
66.2
5.9
-.3
64.0
22
23
24
25
26
27
103-5
35.1
58-4
51-4
6.5
.6
93-0
30.6
48.4
4 4.2
3.6
.6
62.0
17.8
29.8
28.7
.6
.5
50-6
21.5
18.4
18.3
-- 4
-5
-3.0
16.1
-25-6
-23-5
-2.6
-5
-5.4
14.6
-23.6
-20.2
-4.0
.5
-17.5
14.4
-38.7
-37.2
-2.0
.5
-16.3
14.0
-38.1
-36.3
-2.3
.5
45.7
21.0
17.5
17.3
-.3
.5
71-7
24-2
38-3
36.6
1.2
.5
118.2
43.8
60.7
60.6
-.4
.5
28
29
30
31
32
33
34
10.2
9.4
-3
.5
-9
-1.1
14.2
12.6
-3
1.0
-3
-8
-1.0
14.5
12.3
.6
1.3
.3
.6
-.7
8-9
6.7
. 1
1.8
-4
2-9
-1. 1
6. 1
4.2
.4
1.3
.3
1. 1
-.7
5.3
3.6
.5
1- 0
.3
-1.2
-.5
6. 1
4.3
-.3
1.9
.2
1.0
-.3
5.3
3.8
.8
.4
.2
2-7
-.3
7.5
5-1
1-5
.7
.3
-.3
-
8.5
7-2
.6
.5
.2
1.0
-.3
11.9
9-4
1- 1
1-2
.3
2.0
-.3
35
12.5
9.2
7. 1
16.2
.8
7.5
-11-6
-6.0
♦
Private nonfinancial sectors
Households
Monprofit institutions
Nonfinancial business
Faras
Nonfara noncorporate
Corporate
U.S. Governaent
Sponsored credit ag.
Hortgage pools
(1)
Private finan. institutions
Coaaercial banking
Savings institutions
S+1 associations (1)
Mutual savings banks
Credit unions
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr.funds
Other insurance cos.
Finance coapanies
Beits
-14.4
-11.4
-8.4 {1) Meno: FHLB loans to s+1
associations (included in "other loans” category).
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Hoae Mortgages
1
2
3
4
112.2
111.5
.4
.4
12C.0
12 1.2
-.6
-.6
96.7
98.3
-.8
-.8
75.9
78.8
-1.4
-1.4
56.6
55-8
.4
.4
48.2
47.6
.3
-3
56.6
55.0
.8
.8
60.5
57.7
1.4
1. 4
97.6
89.1
4.2
4.2
115.9
106.3
4.8
4.8
133.0 Net borrowing
Households
127.8
2.6
Nonfara noncorp, business
2-6
Nonfin. corporate business
1
2
3
4
5
6
7
112-2
11.5
2.0
120.0
16.0
4-7
96.7
20-5
7.9
75.9
20.5
5.8
56.6
13.2
2.9
46.2
19.9
2.3
56.6
17.3
3.2
60-5
5-7
3.7
97.6
-4.9
4.4
115.9
-6.9
5. 1
133-0 Net change in assets
-6,6
Households
State and local governaents
3.2
5
6
7
8
9
10
11
1.9
9.0
12-4
24. 1
2.3
9.2
21.8
2 0-0
2.7
7.6
18. 7
10.9
2-4
5.0
14. 1
9.7
1.5
10.3
49.3
6.3
1.6
11.6
39.0
3.3
1-7
12.9
53. 1
6.6
1.2
10.3
70.6
6.7
-2.3
9.9
71.7
14.8
3.3
10.8
66.7
15.3
3.5
-1.6
63.6
24.0
U.S. Governaent
Spons. credit agencies
Mortgage pools
Coaaercial banking
8
9
10
11
12
13
14
15
50.5
4 5.1
4.9
.6
4 2-9
39.5
2.8
.6
28. 1
26.5
1. 1
.5
17.0
16- 1
-3
.5
-27-5
-26-2
-1.8
.5
-27.0
-24. 3
-3. 1
.5
-40.0
-39.4
-1.1
.5
-39-4
-38.4
-1.5
.5
5.6
1.5
3-5
.5
22.4
16.5
5.4
-5
43.5
40-8
2.2
-5
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit unions
12
13
14
15
16
17
18
19
-. 1
-.3
.3
-.1
2.4
1-8
.3
.3
2.5
1.8
.4
.4
-.4
-.7
-. 1
.4
-.2
-.5
.2
-1
-1.3
-1.9
.4
.2
1.3
1.4
-.1
*
-.3
-.6
.4
-. 1
-.9
-1-8
-6
.2
-1-3
-1.3
-2
-.2
-.5
-1-3
.5
.3
Insurance
Life insurance companies
Private pension funds
St.+loc. govt. rtr. funds
16
17
18
19
20
21
1-1
—.2
-9
-.2
-2.2
-. 1
2-0
-. 1
1.0
-.2
-.9
-.3
.7
-.1
2. 2
1
-.6
-
.6
-. 1
3.6
.3
Finance companies
Reits
20
21
BILLIONS OF DOLLABS.
111/83 BASED ON INCOMPLETE INFOBHATION-
NOVEMBER 23, 1963
Hortgages - II
Hortgages - II
Hortgage Harkets (Continued)
3$
UNADJUSTED NET FLOWS(i BILL)
UNADJUSTED NET FLOWS(S HILL)
1982
II
III
|
IV
1
BILLIONS OF DOLLABS
1983
I
II
III
1973
1974
1975
1976
1977
Hulti-Faailj Besidential Hortgages
1 Net sorrowing
2
Nonfari no^corp. business
Nonfin, corporate business
3
4
Beits
5
U.S. Governaent
620
434
208
10
-32
-887
-621
-246
10
-30
87
5
103
10
-31
1,397
980
423
9
-15
2,396
2,516
-97
9
-32
2,069
2,018
56
9
-14
10.4
7.9
2.5
.1
-.1
6.9
5.5
1.4
.1
-. 1
*
-.3
.3
.1
-.1
3.9
2.7
1.2
.1
-. 1
7.0
5.1
2.0
♦
-. 1
1
2
3
4
5
6 Net change m assets
7
Households
State and local governaents
8
620
36
198
-887
-108
372
87
1
369
1,397
66
239
2,396
180
235
2,069
-296
300
10.4
-1.0
.9
6.9
-. 1
1.4
♦
-.3
.7
3.9
.2
.3
7.0
.4
.3
6
7
8
322
-25
119
93
-849
-38
100
235
314
-35
69
175
-400
-10
499
306
116
38
110
487
65
-33
323
606
-3
1.8
.2
1.2
.7
2.2
-2
.6
1.2
.2
.4
-1.7
.2
-.1
.5
2.2
.3 9
. 1 10
.9 11
1. 1 12
9
10
11
12
U.S. Governaent
Spons. credit agencies
Hortgage pools
Coaaercial hanks
13
14
15
Savings institutions
Savings and loan assns.
Hutual savings hanks
137
335
-198
-802
-605
-197
-780
-726
-54
549
1,105
-556
1,111
1,824
-713
1,590
1,978
-388
3.3
1.8
1.4
1.7
1.0
.7
2.6
1.7
.9
3.3
2.9
.4
4.9 13
4.1 14
.8 15
16
17
18
Lite insurance coapanies
Private pension tends
St.♦local govt. rtr. funds
-217
-3
10
-15
-14
223
-120
18
51
-22
11
134
-47
15
126
114
50
125
1.1
-.1
-. 1
1.2
*
.1
*
*
.2
-.5
*
«
-.4 16
♦ 17
-.2 18
19
20
Finance coapanies
Beits
-25
-25
34
-25
50
-25
25
-
50
-25
-655
-120
.4
2.4
-1.3
.2
-.8
-2.6
-.5
-1.7
.3 19
-.8 20
Coaaercial Hortgages
1 Net borrowing
2
Households
3
Nonfara noncorp, business
4
Nonfin. corporate business
5
Beits
6,645
675
6,243
-293
20
3,712
681
3,267
-255
19
5,282
654
4,847
-238
19
5,949
631
5,505
-206
19
8,284
614
7,833
-182
19
9,839
634
9,341
-154
18
19.1
1.1
18.0
-.2
.2
15.3
1. 1
14.2
-.2
.1
11.2
1.0
12.0
-2. 1
.3
11.9
.8
10.8
.3
18. 1
1.1
17. 1
-. 1
*
6 Net change in assets
7
Households
State and local governaents
8
U.S. Governaent
9
10
Coaaercial banking
6,645
309
265
168
3,266
3,712
-16
191
202
1,528
5,282
254
133
168
1,219
5,949
298
152
64
1,306
8,284
429
-54
99
2,323
9,839
519
250
142
3,788
19.1
-.9
.2
-. 1
6.9
15.3
-.9
.3
1.4
5.0
11-2
-.3
*
-5
3. 1
11.9
.7
*
.4
3.4
18. 1
6
.9 7
* 8
.6
9
6.3 10
843
839
4
988
958
30
1,350
1,606
-256
2,159
2,527
-368
3,025
3,359
-334
2,535
2,737
-202
4.9
3.2
1.7
3.4
2.6
.8
5.3
4.6
.7
5.6
4.6
.9
4.9 11
4.2 12
.7 13
1,584
35
175
64
527
-48
253
61
1,861
113
70
62
1,657
212
-12
63
2,258
75
42
62
2,126
100
100
63
4.9
*
-5
•
4.8
♦
.5
*
3.9
.1
.3
- 1
3.7
.1
.2
.1
5.5
.1
.4
.1
-39
-25
53
-27
75
-23
50
-
50
-25
251
-35
.2
2.5
.6
.2
♦
-1.8
-.3
-1.8
11
12
13
Savings institutions
Savings and loan assns.
Hutual savings banks
14
15
16
17
Lite insurance coapanies
Private pension funds
St.-*-local govt. rtr. funds
ether insurance coapanies
18
19
Finance coapanies
Beits
1
2
3
4
5
14
15
16
17
.6 18
-1.3 19
Pars Hortgages
1 Net borrowing
1,567
932
485
127
767
1,245
5.5
5.0
4.6
5.7
7.1
1
2 Net change in assets
Households
3
4
State and local governaents
1,567
110
-10
932
234
-11
485
182
11
127
32
-13
767
197
-13
1,245
319
100
5.5
2.3
•
5.0
1.4
•
4.6
1.4
♦
5.7
1.7
. 1
7. 1
1.4
•
2
3
4
146
1,243
-18
132
638
-26
59
328
-2
-162
203
237
398
343
-252
402
233
-219
*
1.9
.2
.2
2.5
*
.7
2.6
-.6
.6
2.5
-.2
.8
2.9
-.5
5
6
7
52
45
-1
27
-1
-61
-
10
1
-104
-
10
-168
-12
78
10
11
-5
314
-1
97
-
.7
*
.3
.1
.6
*
.3
-. 1
.3
*
.4
-.2
.4
*
.7
*
5
6
7
8
9
10
11
U.S. Governaent
Sponsoxed credit agencies
Hortgage pools
Coaaercial banks
Hutual savings hanks
Life insurance coapanies
St.♦local govt. rtr. funds
III/83 BASED ON PBELIHINABI AND INCOHPLETE INFOBHATION
1.0 8
* 9
1.4 10
* 11
NOVEMBER 23, 1983
Mortgages - II
Mortgages - II
Mortgage Markets (Continued)
SEASONALLY ADJUSTED ANNUAL FATES
SEASONALLY AOJUSTEO ANNUAL SATES
1978
1979
1980
1981
1982
|
J
II
1982
III
IV
|
J
I
1983
II
III
Multi-Fanily Residential Mortgages
8.0 Met borrowing
Honfarn noncorp, business
8. 1
*
Nonfin. corporate business
*
Beits
U.S. Governaent
-. 1
1
2
3
4
5
8.0 Net change in assets
Households
-1.2
State aad local governnents
1.2
6
7
8
1
2
3
4
5
9-1
6-5
2-7
*
--1
7-7
5.4
2-4
*
1
8.7
5-8
3-0
*
1
4.0
3.0
1.3
-.2
-- 1
1.2
.8
-5
*
-.1
2.7
1.7
1.0
«
-- 1
-3.7
-2.5
-1.2
*
-.1
-2
*
.2
*
-. 1
5.7
3.9
1.8
♦
-.1
9.8
10- 1
-.1
*
-. 1
6
7
8
9.1
.5
.4
7.7
-5
1-2
8-7
.5
1-5
4-0
«
1.2
1.2
*
1.3
2.7
. 1
.8
-3.7
-.4
1.5
.2
*
3.5
5.7
.3
1.0
9-8
.7
.9
9
10
11
12
-9
*
1.5
1. 1
1- 1
.2
1-2
-9
1.9
.2
.7
1.7
1.0
-. 1
1-1
2.2
-.3
-. 1
.4
.6
1.3
1
.5
.4
-3.4
-.2
.4
.9
1.3
-. 1
.3
.7
-1.6
♦
2.0
1.2
.5
.2
.4
1.9
.3
-. 1
1.3
2.4
13
14
15
4.4
3.6
.8
2.1
1.5
.6
-1
.6
-.6
-.5
—-3
-.2
-1.5
-.8
-.7
-5
1. 3
-.8
-3.2
-2.4
-.8
-3. 1
-2.9
-.2
2.2
4.4
-2.2
4.4
7.3
-2.9
6.4
7.9
-1.6
16
17
18
.2
-. 1
.6
-3
*
.6
.2
*
-5
-.2
-. 1
-9
-.4
.6
-.7
♦
—.2
-. 1
.9
-.6
*
.2
*
.1
.5
.1
.1
.5
.2
-2
.5
19
20
-1
-.5
-. 1
-.2
1-7
-.3
-1- 1
-.3
.8
-.2
1
-. 1
.1
-. 1
.2
1
-1
-
.2
-. 1
-2.6
-.5
♦
U.S. Governnent
Spons. credit agencies
Mortgage pools
Connercial banks
9
10
11
12
Savings institutions
Savings and loan assns.
Hutual savings banks
13
14
15
Life insurance companies
Private pension funds
St.♦local govt. rtr. funds
16
17
18
Finance conpanies
Beits
19
20
Connercial Mortgages
1
2
3
4
5
♦
20. 1
1.9
18.4
-.2
-. 1
24.2
2.3
23.6
-1.3
-.3
20.1
2.6
18.4
-1.1
.1
23.6
2.7
21.9
-1.2
.1
17.4
2.7
15.6
-1.0
.1
19.9
2.6
18.1
-1.0
. 1
25.0
2.5
23.2
-.8
.1
29.5
2.5
27.7
-.7
.1
42.8 Net borrowing
2.5
Households
Nonfarn noncorp, business
40-8
-.6
Nonfin. corporate business
.1
Beits
24.0
1.1
.2
.8
9.7
20. 1
.8
.3
1.2
5. 1
24.2
1.0
.5
1.0
9.9
20- 1
.7
.8
.7
9.0
23.6
1.2
1. 1
.7
10.7
17.4
-. 1
.8
.8
6.8
19.9
1.0
.5
.7
6.7
25.0
1.2
.6
.3
4.7
29.5
1.7
-.2
.4
6.6
42.8 Net change in assets
2. 1
Households
1.0
State and local governnents
.6
U.S. Government
Conmercial banking
16.3
3.5
2.7
.8
3.4
3.1
.2
1.6
1.6
*
2.0
2.5
-.6
3.4
3.5
-- 1
2.8
2.8
*
4.4
4.6
-.1
4.4
5-0
-.6
9-7
11.4
-1.6
1 1.4
12.8
-1.4
10.8
11.9
-1. 1
Savings institutions
Savings and loan assns.
Mutual savings banks
11
12
13
14
15
16
17
7.8
.1
.1
*
8.9
*
.2
.3
9.5
.2
.3
.3
7.5
-2
.4
.4
5.3
.1
.6
-3
6.3
. 1
.7
-3
3.5
-.2
1.0
.2
5-4
.5
.3
.2
7.2
.8
*
.3
8.7
.3
.2
.2
10- 1
.4
.4
.3
Life insurance companies
Private pension funds
St.+local govt. rtr. funds
ether insurance conpanies
14
15
16
17
18
19
-.3
-.5
*
-.5
1.0
-.4
2.0
-.6
-.7
-.3
-.2
-> 1
.2
-.1
-3
-.1
.2
-
.2
-.1
1.0
-. 1
Finance conpanies
Beits
18
19
2 4.0
1.5
22.8
5
21.7
1.3
19.3
1- 1
.1
6
7
8
9
10
21.7
1.2
*
.6
9.2
11
12
13
1
2
3
4
-.4
6
7
8
9
10
Farn Mortgages
1
7.2
1 1.8
9.3
9.7
5.2
4.5
4.5
4.4
-1.0
1.5
5.7 Net borrowing
1
2
3
4
7.2
.9
.1
1 1.8
2-4
-2
9.3
.3
.3
9.7
1.6
-1
5.2
1.4
*
4. 5
.3
•
4.5
1.3
*
4.4
1.7
•
-1.0
-1.3
-.1
1.5
.9
-. 1
5.7 Net change in assets
1.7
Households
.4
State and local governnents
2
3
4
5
6
7
.8
3.2
-.3
2.3
S.O
.1
1.8
6.3
-.2
.6
7.6
-. 1
.5
3.6
-.2
.3
3.9
-. 1
.4
3. 1
-.1
-6
2.4
♦
-.6
.2
.9
1.3
-3
-1.0
1.6
1.5
-.9
U.S. Governnent
Sponsored credit agencies
Mortgage pools
5
6
7
8
9
10
11
.7
•
1.7
*
.1
♦
1-7
*
. 1
-.3
. 1
•
.1
•
-.3
♦
.2
-. 1
*
*
•
-.3
-
♦
♦
-.4
.2
-.4
*
-3
*
-.2
*
1.2
*
.3
-
Coaaercial banks
Mutual savings banks
Life insurance conpanies
St.+local govt. rtr. funds
8
9
10
11
BILLIONS OF DOLLABS.
♦
.8
♦
111/83 BASED ON INCOMPLETE INFOBHATION.
NOVEMBER 23, 1983
Consumer Credit and Eank Loans N.E.C.
40
Consuaer Credit and Bank Loans N.E.C.
Consuaer Credit and Bank Loans Nat Elsewhere Classified
UNADJUSTED NET FLOWS($ MILL)
UNADJUSTED NET FLOWS(J MILL}
II
3982
III
IV
}
1983
II
I
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
Consuaer Credit
1
2
3
1 Net change in liabilities (HE)
Installnent credit
2
Noainstallaent credit
3
7,644
6,038
1,606
6,339
5,166
1,f73
10,290
7,329
2,961
-2,651
-2.230
-421
12,835
10,444
2.391
17,142
14,592
2,550
24.3
20.2
4.1
9.9
9.5
.4
9.6
7-7
1.9
25.4
21.5
3.9
40.2
37.0
3.2
4 Net change in assets
5
Installnent credit
6
Honiara noncorf, business
Nonfin. corporate business
7
Coaaercial banking
8
9
Savings and loan assns.
10
Mutual savings banks
11
Credit unions
Finance coapanies
12
7,644
6,038
7
210
1,639
386
61
250
3,485
6,339
5.166
12
-65
2,574
1,139
86
964
456
10,290
7,329
208
578
2,268
840
82
407
2,946
-2,651
-2,230
-169
-1,351
-750
1,192
129
-172
-1,109
12,835
10,444
52
284
5,284
1,124
111
1,571
2,018
17,142
14,592
—
682
9,368
923
211
2,471
937
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
21.5
*
.7
10.8
1.0
.2
5.5
3.4
40.2 4
37.0 5
-. 1
6
2.6 7
18.6 8
1.3 9
.3 10
6.4 11
7.8 12
Noninstallnent credit
Ncniarc ncncorp. business
Nonfin. corporate business
Coaaercial banking
Savings and loan assns.
Mutual savings banks
1,606
431
202
662
130
181
1,173
241
177
275
315
165
2,961
838
1,4 96
171
372
84
-421
535
-812
-492
263
85
2,391
656
370
900
385
80
2,550
645
495
850
405
155
4.1
1.2
1.0
1.2
.5
«
.4
.7
.3
-.8
.2
*
1.9
.9
.4
.2
.4
♦
3-9
1.2
1.3
1.2
.1
.2
3.2
.7
-1.4
3.6
.2
. 1
13
14
15
16
17
18
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
Total loans at ccccercial
banks, flow of funds basis
1
26,039
23,054
18,694
-4,168
17,855
27,479
76.5
57.7
-2. 1
43.8
82.0
1
4,657
2,301
1.137
-2,529
20,473
4,320
2,849
1,352
773
13,760
3,400
2,439
3,372
—33
9,516
3,930
-1,242
-3,204
-490
-3,162
6,991
6,184
3,307
-1,419
2,792
11,400
10,218
-69
332
5,598
19.8
12.6
-3.4
-1.3
48.8
12.8
3.4
—2.2
2.2
41.5
3.8
3.1
2.1
1. 1
-12. 1
15. 1
12.0
6.6
3.7
6.4
27.4
22.3
2.2
-3
29.9
2
3
4
5
6
21,072
240
-839
11.248
-257
2,769
9,654
94
-232
-3,128
43
-77
5,095
-235
-2,068
1,859
-105
3,844
43.1
1.7
4.0
34.3
.9
6.3
-12.8
-.5
1.2
3.2
-.3
3.5
24-6
.6
4.7
7
8
9
10 ♦ Loans by F-B. banks
11 = Total bank loans n.e.c.
20,473
13,760
9,516
-3,162
2,792
5,598
48.8
41.5
-12. 1
6.4
10
29-9 11
12 Net change in liabilities
13
Nonfinancial sectors
14
Households
15
Fara business
36
Nonfara ncncorp. business
Corporate
business
17
20,473
19,871
2,293
2,488
3,008
12,039
13,760
14,229
536
1,235
1,179
12,341
9,516
8,229
2,909
-872
742
6,214
-3,162
-1,542
-4,509
310
783
-2,526
2,792
4,041
1,217
2,071
512
-1,192
5,598
5,432
-3,275
1,284
117
7,635
48.8
39.8
3.4
2.9
1.1
29.6
41.5
36.9
1.6
1. 1
-1.0
31. 1
-12. 1
-8.4
-1.2
2.0
-2.0
-9.1
6.4
10.1
*
3.0
-3.6
5.2
29.9
30.2
2.8
2.5
.9
20.9
12
13
14
15
16
17
2
3
4
5
6
7
8
9
- Loans elsewhere classified:
Mortgages
Consuaer credit
Security credit
Cpen-market paper
- Banking sector total bank
loans n.e.c.
U.S.-chartered nanks
Doaestic affiliates
Foreign banking offices
18
19
20
21
Foreign
Official institutions
Banks
ether
43
709
-1,057
391
-1,062
414
-190
-1,286
-764
-519
1,626
-1,871
4,400
1,255
781
2,364
1,433
851
54
528
-329
-632
555
-252
2.8
.4
1.6
.7
4.0
.3
3.1
.6
2.0
.3
1.1
.7
5.6
.9
4.2
.5
3. 1
.1
2.7
.3
18
19
20
21
22
23
24
25
Financial sectors
Savings and lean assns.
Finance coapanies
Beits
602
-737
1,320
19
-469
-966
476
21
1,287
-2,224
3,491
20
-1,620
-47
-1,593
20
-1,249
1,205
-2,472
18
166
1,130
-979
15
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
-.3
1.4
.7
-2.4
22
23
24
25
111/83 BASED OS PRELIMINARY AMD INCOMPLETE INFORMATION
HOVEHBEB 23, 1963
Consumer Credit and Bank Loans N.E.C.
Consuaer Credit and Bank Loans N.E.C.
Consuaer Credit and Bank Loans Not Elsewhere Classified
SEASONALLY AOJUSTED ANNUAL BATES
SEASONALLY AOJUSTEO ANNUAL BATES
1978
1979
1980
198
I
II
1982
III
IV
1983
II
1
Consumer Credit
1
2
3
1
2
3
4 8.8
43.1
5.7
45.4
38.4
7. 1
4.9
1.4
3.4
24. 1
18.2
5.9
18.3
13.1
5.2
35.9
21.7
14.2
11.1
9.2
2.0
23.6
17.0
6.5
28.1
24.2
3.9
49.5
37.5
12.0
49. 1 Net change in liabilities (HH)
Installment credit
42.4
Noninstallaent credit
6.7
4
5
6
7
8
9
10
11
12
48.6
43.1
*
.6
23.6
«
.5
6.7
11.6
4 5.4
38.4
♦
.5
18.2
1.3
*
2.2
16.2
4.9
1.4
-. 1
-.1
-7.2
1.5
. 1
-2.5
9.8
24. 1
18.2
-1
-3
.6
1.7
-. 1
1.9
13.7
18.3
13.1
*
-.4
4.4
2.6
.2
1.3
4.9
35.9
21.7
.1
1.0
6.0
1.9
.2
.6
11.8
11.1
9.2
*
-1.5
3.2
4.0
.3
1.5
1-5
23.6
17.0
»
-2.2
6.2
3. 1
.3
2-6
6.9
28.1
24.2
.1
.3
10.2
5.2
.5
.8
7. 1
49.5
37.5
.3
1.3
20.6
4.8
.4
6.3
3.8
4
49.1 Net change in assets
5
Installment credit
42.4
*
6
Nonfara noncorp, business
Nonfin. corporate business 7
.8
8
27.6
Connercial banking
9
Savings and loan assns.
3.2
10
Hutual savings banks
.8
11
Credit unions
7.3
12
Finance companies
2.6
13
14
15
16
17
18
5.7
1.4
1.2
2.6
-3
-2
7. 1
1.8
1. 1
1.7
2.4
*
3.4
.6
.5
1.0
1. 1
.3
5.9
2.6
1.8
3.4
-1. 8
*
5.2
1.7
.5
1-9
.7
.4
14.2
9.0
1.4
2-6
.5
.7
2.0
.6
.5
-1.1
1.3
.7
6.5
.5
3.6
.6
1.5
.3
3.9
3.3
-1. 1
.3
1.1
.3
12.0
4.3
2. 1
3-8
1.5
.3
6.7
2. 1
1.4
.9
1.6
.6
63.1
49. 1
83.3
Noninstallaent credit
Nonfarm noncorp, business
Nonfin. corporate business
Coaaercial banking
Savings and loan assns.
Hutual savings banks
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
1
116.4
104.8
62.0
92.2
74.2
81.2
69.9
43.6
Total loans at coaaercial
banks, flow of funds basis
- Loans elsewhere classified:
Hortgages
Consumer credit
Security credit
Open-market paper
= Banking sector total bank
loans n.e.c.
U.S.-chartered banks
Domestic affiliates
Foreign banking offices
1
2
3
4
5
6
2
3
4
5
6
35.1
26.2
-2.9
-1-3
59.3
30.6
19.9
-.9
2.2
53.0
17.8
-6.2
.8
1.8
4 7.8
21-5
4.0
5.3
.8
60.6
16.1
6.3
*
.3
51.4
14.6
8.6
-. 1
-11.7
69.8
14.4
2.1
7-5
.2
45.7
14.0
6.8
.5
2. 5
19.8
21.0
10.5
4.0
-1.1
28.8
24.2
24.4
8.6
-6.6
-1.6
43.8
28.6
1.9
-2.3
11.2
7
8
9
42. 1
-1.0
18.1
39.9
-.1
13.2
32.3
-. 1
15.5
54.7
. 1
5.8
51.2
.1
.2
63.7
1.0
5. 1
44.1
-1.0
2.7
21.9
.4
-2.5
27.2
.2
1.4
-1.8
-.9
1.2
6. 3
—.4
5.4
10
11
59.3
53.0
4 7.8
60.6
51.4
69.8
45.7
•
19.8
28.8
-1.6
12
13
14
15
16
17
59.3
56.5
4.1
2.5
.3
30.6
53.0
53.4
1.9
2.8
.6
45.9
47.8
48-2
3.6
.5
3.4
29. 1
60.6
58.4
4.3
1.4
6.2
42.9
51.4
48.2
2.4
3.2
7.3
41.5
69.8
68. 6
4.9
4.8
9.3
49.5
45.7
44.5
.4
3.7
6.8
44.9
19.8
18.7
6.0
.3
3.3
12. 1
28.8
33.1
-5.0
3.8
3.8
5.8
-1.6
4.4
-.3
2.8
-1.5
-1.8
18
19
20
21
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
-6.2
•
.7
-6.8
.2
2.8
-7.5
4.8
-11.2
1.7
-5.3
-7.6
-3. 1
-2. 1
8.3
-9.4
24.6
5.0
8.3
11.2
5.3
3.4
-3.4
5.3
-8.0
-2.5
-2.1
-3.4
Foreign
Official institutions
Banks
Other
18
19
20
21
22
23
24
25
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
3.2
-3.8
6.9
-1
1.2
-3. 1
4.2
. 1
1.3
-6.8
8.0
.1
1. 1
-5.9
6.9
. 1
-4.3
-.7
-3.7
.1
-6.0
4.8
-10.8
.1
3.7
1.1
2.5
.1
Financial sectors
Savings and loan assns.
Finance conpanies
Reits
22
23
24
25
BILLIONS CP DCLLABS.
111/83 BASED ON INCOHPLETE INFOBHATION.
- ♦ Loans by F.R. banks
11-2 = Total bank loans n.e.c.
11.2 Net change in liabilities
Nonfinancial sectors
7.6
-14.7
Households
Farm business
3.8
Nonfarm noncorp, business
2.8
Corporate business
23.7
7
8
9
10
11
12
13
14
15
16
17
NOVEMBER 23,
Other Loans
1983
Other Loans
42
Open-Market Paper and Other loans
UNADJUSTED NET FLCNS{$ BILL)
UNADJUSTED MET FLOWS($ HILL)
1982
II
III
IV
1
BILLIONS OF DOLLABS
1963
|
I
II
III
1973
1974
1975
1976
1977
Open-Market Paper
1 Total net issues, all types
2
Connercial paper
Nonfinancial corporations
3
4
Foreign issues in U.S.
14,681
13,488
1,905
1,719
5
6
7
8
Financial business
Connercial banking
Finance coapanies
Beits
9,864
3,382
6,513
-31
-6,209
-4,331
-1,847
-31
9
10
11
12
13
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
1,193
779
390
389
414
14 Net purchases, by sectcr
15
Households
16
Nonfin. corporate business
17
Foreign
18
19
20
21
22
Sponsored credit agencies
Monetary authority
Conmercial banking
Savings * loan associations
Mutual savings banks
23
24
25
Life insurance conpanies
Mutual funds
Money aarket funds
-7,382 -9,657
-8,388 -15,382
-2,015 -11,738
-164
-243
-4,496
4,204
2,546
1,733
5,172
5,108
-1,614
1,770
8,185
4,323
1,126
670
8.3
6.4
1.4
-
17.7
8. 1
4.1
.2
-1.2
-1.5
-2.9
.4
8. 1
4.4
1.4
.7
15.0
11.8
1.6
.6
1
2
3
4
-3,401
700
-4,070
-31
-75
431
-476
-30
4,952
631
4,350
-29
2,527
1,547
1,007
-27
4.9
2.2
2.0
.7
3.8
3.5
3.6
-3.3
1.1
-3
.6
. 1
2.2
-.8
3.3
-.3
9.6
1.3
8.4
«
5
6
7
8
1,006
712
356
356
294
5,725
1,136
568
568
4,589
-8,700
-2,772
-1,386
-1,386
-5,928
64
-77
-39
-38
141
3,862
1,923
962
961
1,939
2.0
1.1
.5
.5
-9
9-6
2.5
1.3
1.3
7. 1
.2
.3
.2
.2
-.1
3.8
2.6
1.3
1.3
1.2
3. 1
1.3
.6
.6
1.9
9
10
11
12
13
14,681
4,785
5,036
-360
-7,382
-8,344
815
750
-9,657
-4,755
311
-346
-4,496
1,879
21
-2,295
5,172
2,213
-1,620
583
8,185
-4,942
4,314
1,751
8.3
9.1
.6
.3
17.7
1.7
4. 1
6.6
-1.2
-4.4
3.1
-2.6
8. 1
-3. 1
5.0
2.7
15.0
9.8
-. 1
4.4
14
15
16
17
54
-488
-2,529
883
52
-240
813
773
459
677
158
667
-33
620
348
254
-1,480
-490
166
231
-354
203
-1,419
-5
-152
294
919
332
980
247
-.2
*
-1.3
-1.3
-.1
.9
.9
2.2
-.2
.1
.1
.1
1. 1
.9
.1
•
-. 1
3.7
-.1
.4
.2
*
.3
-.3
«
18
19
20
21
22
1,598
496
5,154
1,324
-989
-3,420
-640
-300
-5,687
3,440
1,058
-7,280
912
318
4,493
2,463
-638
2,465
*
1.2
-
1. 1
-.4
.6
.7
-.2
-. 1
.4
-1. 1
.4
-.3 23
1.1 24
. 1 25
Other Loans
1 Finance co. loans to business
2 Liab.:
Nonccrporate business
3
Nonfin. corp, business
739
309
430
-481
-927
446
-1,502
-20
-3,482
1,528
238
1,290
3,152
516
2,636
2,214
180
2,034
5.0
.9
4.1
4.8
-1.0
5.8
3.7
-. 1
3.8
8.6
.2
8.4
13.5
♦
13.5
4 U.S. Governnent loans
5 Liar.:
households
6
Farm business
7
Nonfara ncncorp. bus.
8
Nonfin. corp, business
9
St.+local governments
10
Foreign
11
Spons. credit agencies
4,051
524
922
981
203
538
883
5,485
657
367
1,143
819
47
2,452
2,195
6
233
700
600
100
556
2,161
140
-255
855
-31
242
1,210
2,808
122
578
694
330
317
767
2,055
100
-280
700
350
250
935
4.4
.2
.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
.5
.1
1.8
.2
2.0
3.3
-.4
5.8 4
.5 5
1.3 6
1.9 7
* 8
.2 9
3.0 10
-1. 1 11
12 Sponsored credit agency loans
13 liab.:
Households (SLMA)
14
Fara business (FICF)
15
Ncncorp. eusiness (BC)
16
S+1 assns. (FHLB)
4,302
376
1,610
-920
3.236
-1,576
601
390
-811
-1,756
-2,786
394
-2,010
471
-1,641
-6,068
-22
-990
929
-5,985
-510
555
870
-712
—1,223
-285
654
-20
12
-931
8.5
1.1
.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
17 Policy leans (HH liability)
18 Asset:
U.S. Government
19
Life insurance cos.
1,344
-7
1,351
1,045
-7
1,052
533
-8
541
559
-12
571
378
-4
382
284
-2
286
2-2
*
2.2
2.7
♦
2.7
1.6
♦
1.6
1.4
*
1.4
III/83 BASED ON PSELIRINABX AND INCOMPLETE INFORMATION
6.5
.1
1.4
.6
4.3
1
2
3
12
13
14
15
16
1.7 17
* 18
1.7 19
NOVEMBEB 23, 1983
Other Loans
Other Loans
43
Open-Market Paper and Other Loans
SEASONALLY ADJUSTED ANNUAL BATES
—
1978
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL BATES
1982
I
J
II
1982
III
IV
|
J
I
1983
II
III
Open-Market Paper
1
2
3
4
26.4
18.4
2.7
1.0
40.3
28.7
9.0
1.7
20.6
11.2
4.0
2.4
54.0
39.5
14.7
3.9
5.4
-4.9
-4.7
1.9
41.9
36.9
.3
6.9
-25.5
-35.2
-11.4
-.7
-18.7
-38.8
-25.0
-1.0
-25.5
13.8
-2.9
6.9
1.0
.1
-14.4
7.1
5
6
7
8
14.6
6.7
7.8
.1
18.0
4.5
13.3
.1
4.8
5.6
-.5
-.2
20.9
7.0
13.9
♦
-2.0
1.4
-3.3
-. 1
29.7
13.5
16.3
-. 1
-23.2
-17.3
-5.7
-.1
-12.8
2-8
-15.5
-. 1
9.8
1.7
8.2
-.1
9
10
11
12
13
6.0
2-5
1-2
1.2
5.6
11.6
2.1
1.0
1.0
9.5
9.4
1.7
.8
.8
7.7
14.5
4.5
2.2
2.2
10.0
10.3
1.5
-7
.7
8.8
4.9
3.3
1.6
1.6
1.7
9.8
8.6
4.3
4.3
1.2
20. 1
1.8
-9
.9
18.4
14
15
16
17
26.4
15.4
.2
7.9
40.3
8.2
3.9
6.9
20.6
-3.2
-1. 3
4.4
54.0
1.7
2.0
.8
5.4
-8.2
6.2
-.5
41.9
.9
21.8
-.8
-25.5
-11-2
-3.4
-.8
18
19
20
21
22
-1-2
—.4
-1.3
.4
.2
.1
.1
2.2
.7
1. 1
*
.1
1.8
1. 5
1.5
.3
-.6
.8
1.2
1.5
-.3
1.3
.3
2.7
1.6
.2
-1.6
-11.7
3.5
.2
23
24
25
1.5
1. 1
2.6
1.6
-.2
15.6
2.2
1.2
12.3
7.4
-. 1
38.8
4.2
-.6
-1.3
6.9
2.0
20.6
35.9 Total net issues, all types
13.7
Connercial paper
.5
Nonfinancial corporations
2.7
Foreign issues in U.S.
1
2
3
4
7.4
2.5
5.0
-.1
10.5
6.2
4.4
-.1
Financial business
Connercial banking
Finance coapanies
Beits
5
6
7
8
-39-3
-15.6
-7.8
-7.8
-23.7
.9
.3
.2
.2
.6
22.2
14.5
7.2
7.2
7.8
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
9
10
11
12
13
-18.7
-10.9
4.0
-2.3
-25.5
-5.5
3.4
-4.8
1.0
-12.7
-5.7
3. 1
-1.0
2.7
.2
2.1
2.7
.6
2. 1
2.5
3. 1
2-0
1.0
-5.3
-1. 1
— .2
.1
-1.4
1.5
-6.6
-.2
-.5
1.2
2-9
-2.3
4.2
1.0
Sponsored credit agencies
Monetary authority
Connercial banking
Savings ♦ loan associations
Mutual savings banks
18
19
20
21
22
.7
-4.0
-13.7
4. 1
-1.2
-22.7
11.7
4.2
-29.1
4.2
1.3
18.0
5.3
-2.6
9.9
Life insurance coapanies
Mutual funds
Money narket funds
23
24
25
35.9 Net purchases, by sector
Households
4.3
9.4
Nonfin. corporate business
2.6
Foreign
14
15
16
17
Other Loans
1
2
3
11.5
*
1 1.5
10. 1
*
10.2
3.4
.4
3. 1
9.5
.8
8.7
-1.4
-.9
-.5
-1.2
-.2
-1. 0
7.7
-.6
8.4
-16.5
-2.9
-13.6
11.9
2.4
9.5
8.2
.4
7.8
4
5
6
7
8
9
10
11
12.8
.8
3-5
4.1
1.7
-1.6
3.9
.4
12.4
1. 1
3.4
3-0
1.2
.2
2.9
.6
16. 1
1.0
2.6
4.2
1.5
.9
4.7
1.2
19. 1
1.5
3.4
5.6
1.2
1.2
4.2
1.9
14.3
1.4
1.5
3.8
1.8
.9
4.5
.4
12.8
2. 1
.3
3.9
.8
2.2
3.5
23.0
2.6
2.6
4.6
3.3
.2
9.8
-
12.0
♦
4.2
2.8
2.4
.4
2.2
-
7.4
.6
-2.3
3.4
-. 1
1.0
4.8
-
7.8
.5
-1. 1
2.8
1.3
1.3
3. 1
12
13
14
15
16
15.0
.4
1.5
.7
12.5
15.2
.6
3.3
2.1
9.2
11.6
1. 1
1.9
1.5
7. 1
19.9
2.2
1.8
-.3
16.2
.8
1.6
-.8
-.8
.8
9. 1
1.5
.9
-.8
7.5
11.6
2.4
*
-2.4
11.6
-6.3
1.6
-1.5
-.3
-6.0
-15.8
-.1
-3.5
2.1
-14.4
-11.2
2.2
-2.4
.4
-11.4
17
18
19
2.6
*
2-6
4.7
♦
4.7
6.7
. 1
6.6
7.4
. 1
7.3
4.2
♦
4.3
5.4
♦
5.4
4.2
*
4.2
2. 1
♦
2.2
2.2
*
2.3
1.5
«
1.5
BILLIONS OF DOLLABS.
II1/83 BASED ON INCOMPLETE INFOBHATION.
17.8 Finance co. loans to business
3.8 Liab.:
Noncorporate business
Nonfin. corp, business
14.0
1
2
3
4
9.5 U.S. Government loans
5
.4 Liab.:
Households
6
Farm business
.2
7
2.8
Nonfarm noncorp. bus.
1.4
Nonfin. corp, business 8
9
1.0
St.+local governments
3.7
10
Foreign
11
Spons.
credit
agencies
-6.9 Sponsored credit agency loans
Households (SLMA)
2.6 Liab.:
-1.9
Farm business (FICB)
.8
Noncorp, business (BC)
-8.4
S+l assns. (FHLB)
1. 1 Policy loans (HH liability)
* Asset: U.S. Governnent
1. 1
Life insurance cos.
12
13
14
15
16
17
18
19
NOVEMBER 23, 1983
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
44
UN1DJUSTED NET FLOWS(S HILL)
UNADJUSTED NET ELONS ($ HILL)
II
1982
III
IV
|
1
I
1983
II
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
Security Credit
2,257
1,246
3,969
830
9,551
4,376
-173
2,252
-
11,348
7,476
2,666
2,432
-7.9
-4.3
-.2
-4.8
-1.8
*
3-7
.7
.1
12-7
4.8
2.2
1.3
1
2
3
1,011
920
97
-6
3,139
1,220
15
1,904
5,175
3,040
200
1,935
-2,425
-2,806
-420
801
3,872
3,068
-192
996
234
-428
331
331
-3.4
-2.7
-.6
-.2
-2.9
-1.8
-.1
-1.0
2.9
2.3
-. 1
.6
7.9
6.0
.4
1.5
.9
1.4
.5
-1.0
4
5
6
7
8 Net change io assets
Househqlds
9
Coaaercial banking
10
2,257
-6
1,137
3,969
1,904
1,352
9,551
1,935
3,372
-173
801
-3,204
11,348
996
3,307
2,666
331
-69
-7.9
-.2
-3.4
-4.8
-1.0
-2.2
3.7
.6
2.1
12.7
1.5
6.6
2.2 8
-1.0 9
2.2 10
11
12
1,126
713
-
4,244
-
2,230
-
7,045
-
2,404
-
-4.3
*
-1.6
*
1.0
. 1
4.6
-
1.0 11
12
-
1 Net change in liabilities
2
Households
Fara business
3
4
Nonfara noncorp. business
(Payables less receivables)
-6,867
582
-220
-961
4,715
582
78
-1,115
78
617
-118
-632
-5,505
3,148
161
-482
2,141
3,173
91
-171
9,235
-1,824
236
88
42.8
.6
.1
.4
35.2
1.0
.2
1.3
12.4
1. 1
.5
1.1
19.3
1.2
.8
2.2
28. 1
1.2
.9
1.2
1
2
3
4
5
6
7
8
-6,580
222
-355
445
5,089
216
-351
216
617
222
-1,056
428
-8,087
226
-56
-415
-1,585
226
-509
916
10,003
231
-100
601
38.9
.8
1.9
.1
28.7
1.8
3. 1
-.8
6.3
1.3
.7
1.4
10.3
.5
.3
4. 1
22. 1
.7
.5
1.6
5
6
7
8
-4,193
-6,326
352
1,249
532
5,733 - 12,849
6,340 - 16,577
635
-1,012
-114
2,576
517
519
6,008
4,064
-2,257
3,690
511
4,204
710
-621
3,614
501
10,092
13,821
-4,226
497
40-7
38.8
1.0
.3
.6
35.7
32.3
1.8
1.0
.5
9.3
5.8
1.6
1.2
.6
23.8
18.7
3.4
.5
1.2
38.4
36. 1
1.7
-.8
1.3
9
10
11
12
13
-2,674
-1,018
12,927 -11,513
-2,063
-857
2. 1
-.4
3.0
-4.4
1 Net change in liabilities
Households
2
3
Foreign
4
5
6
7
Brokers and dealers
Froa coaaercial tanks
Froa foreign banking off.
Custoaer credit balances
Brokers and dealers
Foreign
Trade Credit
Nonfin. corporate business
State and local governaents
Foreign
U.S. Governaent
9 Net change in assets
10
Nonfin. corporate business
11
Foreign
U.S. Government
12
13
Other insurance coapanies
14 Discrepancy
-10.2 14
____________ __________ ___________________ __________ _____________________ ________ ____________ __________ ________ ________ __
Profit Taxes Payable
1 Net change in taxes payable
2
Nonfin. corporate business
3
Coaaercial banks
4
Savings ♦ loan associations
5
Life insurance coapanies
6
ether insurance coapanies
7
Finance coapanies
8
Brokers and dealers
-12,576
-12,558
-28
-5
6
2
-3
10
1,379
1,316
-19
3
21
8
1
49
274
225
-25
-8
3
-4
83
1,104
1,084
-19
-11
-3
-1
-2
56
-4,414
-4,454
-14
-6
-5
-2
-1
68
4,118
4,094
-22
-17
-24
-8
-3
98
2.5
2.4
.1
♦
«
*
«
1.2
1. 1
.1
. 1
*
*
-. 1
-2.7
-2.4
-.3
.1
-.1
*
*
8.0
7.5
.2
.1
.1
.1
-.6
-1.5
.2
.2
.4
.1
.1
-. 1
9 Net change in taxes receivable -13,204
10
State and local governaents
-2,757
11
U.S. Governaent
-10,447
3,024
1,797
1,227
1,313
1,443
-130
232
-2,606
2,838
-5,342
-2,778
-2,564
6,017
2,501
3,516
2.4
.8
1.6
.4
.7
-.2
-1.7
.6
-2.3
7.8
2.2
5.6
.4 9
1.8 10
-1.4 11
-1,645
-1,039
872
928
-1,899
.2
.7
-1.0
.2
-1.0 12
-18.0
-5.7
-12.3
-14.5
-.8
-13.7
-21.8
-7.8
-14.0
12 Discrepancy
628
1
2
3
4
5
6
7
8
Proprietors* Equity in Noncorporate Business
1 Total household investnent
2
Fara business
3
Nonfara noncorp, business
-11,0^4
-7,617
-3,447
-3,001
-4,414
1,413
-3,955
1,259
-5,214
III/83 BASED CM PBELIHINABI AND INCOHPLETE INFOBHATION
-5,522 -13,073 -15,821
-585 -6,167 -6,053
-4,937 -6,906 -9,768
12.8
-3.7
-9.2
-23.9
-5.8
-18. 1
1
2
3
NOVEHBEB 23, 1983
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
SEASONALLY ADJUSTED ANNUAL BATES
1978
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL BATES
1982
|
J
II
1982
III
IV
|
|
I
1983
II
HI
12.9 Net change in liabilities
Households
9.7
Foreign
Security Credit
1
2
3
1.2
1.2
2. 1
1.0
-
12.5
6.5
-
-9
-1.6
6.5
3.3
4.4
5.0
17.9
3.3
25.2
17.5
16. 1
9.0
40.8
29.9
-
4
5
6
7
*
-2.5
.1
2.5
1. 1
-.7
*
1.8
6.0
1.2
-.4
5.2
2.5
4.0
.6
-2. 1
3.2
.4
-.5
3.3
-.6
.4
-1.0
♦
14.6
6.7
.3
7.6
7.7
-.6
.6
7.7
7.1
4.0
-.1
3.2
10.9
9.3
-2.4
4.0
8
9
10
1.2
2.5
-2.9
2. 1
1.8
-.9
12.5
5.2
.8
.9
-2. 1
5.3
6.5
3.3
*
4. 4
«
-. 1
17.9
7.6
7.5
25.2
7.7
.5
16.1
3.2
4.0
40.8
4.0
8.6
11
12
1.6
1. 1
6.5
-2.3
3.2
4.5
2.9
17.0
8.9
28.2
1
2
3
4
59.0
1.5
1.6
3.1
61.5
1.7
1.2
.1
4 8.4
2.3
1.0
-.9
33.7
2.7
1. 1
-.2
-12.1
2.4
-.6
-3.3
-1.6
2.3
-.9
-3. 8
-6.5
2.3
-3
-4.5
-21.4
2.5
-.5
-2.5
6.6
12-6
.6
-1.9
5
6
7
8
49.. 1
1.7
-.3
2.3
54.4
1.6
1.5
1.1
40.8
2.0
1.7
1-4
27.8
1.1
.2
1.0
-10.2
.9
-3.1
1.7
-1. 1
.9
-1.4
2.4
-4.8
.9
-1.4
.7
-19.5
.9
-4.2
2.0
9
10
11
12
13
63.2
56.0
3.0
2.7
1.5
76.0
71.4
.2
2-4
1.9
58.5
49. 1
3.6
3.8
2.0
29. 1
23.6
.3
2.5
2-6
-8.7
-14.8
-.8
4.8
2.1
.3
-8.2
1.4
5.0
2. 1
-5.4
-3.0
-4.0
-.5
2.1
14
-4.2
-14.5
-10. 1
4.6
-3.4
-1.9
3. 1
-1
1.7
1.3
Brokers and dealers
Froa coaaercial banks
Froa foreign banking off.
Custoner credit balances
12.9 Net change in assets
1.3
Households
1.9
Coaaercial banking
1
2
3
4
5
6
7
8
9
10
Brokers and dealers
Foreign
11
12
35.9
12.7
.4
-.7
7.8 Net change in liabilities
-7.3
Households
.9
Farm business
Nonfarn noncorp, business
.4
(Payables less receivables)
1
2
3
4
-2.9
.9
-.2
-2.5
20.4
.9
-2.0
4.3
11.0
.9
-.4
2.2
Nonfin. corporate business
State and local governaents
Foreign
U.S. Governaent
5
6
7
8
-17.2
-32.1
2-5
10.3
2. 1
1.9
-5.9
-9.0
14.8
2.0
35.3
21-4
-2.5
14.5
2.0
-1. 1
-4.2
4.7
.6
22.7
22.4
-.1
♦
*
*
*
.3
-.4 Net change in taxes payable
Nonfin. corporate business
-.6
Coaaercial banks
-.1
Savings * loan associations
-. 1
-. 1
Life insurance companies
*
Other insurance coapanies
*
Finance coapanies
.4
Brokers and dealers
.5 Net change in taxes receivable 9
State and local governaents 10
.6
11
U.S. Government
-.2
9.6
Trade Credit
11.4 Net change in assets
Nonfin. corporate business
26.3
Foreign
-16.9
U.S. Governaent
Other insurance coapanies
2.0
-3.6 Discrepancy
9
10
11
12
13
14
Profit Taxes Payable
1
2
3
4
5
6
7
8
5.2
4.3
.1
.2
-3
.1
.1
*
2-8
2.5
.5
-.2
*
♦
-.1
.1
-3. 1
-1.7
-.5
-.3
-.4
-.2
-.2
.2
-e.4
-6.8
-.4
-.3
-.5
—. 2
-.2
*
-16.2
-16.2
-.1
*
*
*
*
.2
-10.7
-10.7
-. 1
♦
*
«
a
. 1
-11. 1
-11.3
-.1
♦
.1
♦
*
-2
-15.8
-16.0
-. 1
*
*
*
.2
-1-8
-1.8
-.1
-.1
♦
*
*
.3
9
10
11
3.7
.8
2.8
1.0
1.5
-.5
-3.8
1. 1
-4. 8
-7.3
.5
-8.2
-15.4
-2.7
-12.8
-9.3
-2.4
-6.9
-11.2
-1.6
-9.5
-14.8
-2.7
-12. 1
.3
-1.4
1.7
22-7
-2.0
24.7
12
1.5
1.8
.6
-1.0
-.8
-1.3
.1
-1.0
-2.0
*
-18.0
-2.6
-15.4
-34.6
-8.3
-26.3
-.9 Discrepancy
1
2
3
4
5
6
7
8
12
Proprietors* Equity in Noncorporate Business
1
2
3
-23.3
-8.3
-15.1
-28.8
-9.6
-19.1
BILLIONS OF DOLLABS.
-40.8
-16.4
-24.4
-26.9
-8.6
-18.3
-23-9
-12.4
-11.5
-22. 1
-14.7
-7.4
-25.7
-16.8
-8.9
III/83 BASED ON INCOHPLETE INFOBHATION.
-23.2
-11.0
-12.2
-79. 1 Total household investaent
Farm business
-23.2
Nonfarn noncorp, business
-55.9
1
2
3
NOVEMBER 23, 1983
Hiscellaneous I
Hiscellaneous I
fliscellaneous Financial clains
UNADJUSTED HET FLOWS($ HILL)
UNADJUSTED NEI FLCWS(t HILL)
1982
III
II
1 Net change in liabilities
2
Households
Nonfin. corporate business
3
J
IV
1
I
1983
II
III
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
25,556
181
2,892
11,915
151
2,635
10,060
186
2,780
14,650
206
2,054
16,042
219
1,491
7,983
246
1,500
33.7
.4
2.8
32-5
.7
4.8
37.4
.7
2.6
51.8
.6
4.3
45.0
.9
3.7
1
2
3
6,188
1,741
-1,996
157
5,396
-5,166
2,395
1,753
-1,571
-695
-3,242
517
10.6
-.4
10.2
*
15.6
-.7
16.3
.9
8.4
-.9
4
5
4
5
Foreign
U.S. Governnent
6
7
8
9
Total finance
Sponsored credit agencies
Honetary authorities
Connercial banking
14,554
568
-158
4,462
10,968
2,412
175
1,255
6,864
2,124
551
-877
8,242
58
-801
2,489
16,598
92
136
6,191
8,962
-3
387
1,494
20.3
2.2
1.2
4.7
16.8
.4
-.3
7.7
19.3
1.7
-.5
2.1
29.6
2.0
.3
3.4
32.9
1.4
1
6.7
6
7
8
9
10
11
12
13
14
15
Savings * loan assns.
Hutual savings banks
Life insurance conpanies
ether insurance conpanies
Finance conpanies
Beits
6,224
-125
1,741
2,614
-772
2,338
69
1,703
2,620
396
1,661
-1,121
1,733
2,673
120
-
1,054
-393
1,746
2,721
1,368
3,846
373
3,751
2,766
1,443
1,377
170
1,780
2,741
1,016
.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
1.2
.4
4.6
12.6
6.6
-.5
10
11
12
13
14
15
20,858
1,689
316
467
2,738
20,600
1,718
410
518
4,094
22,008
1,724
470
531
4,512
19,815
1,741
339
535
4,671
16,745
1,763
334
500
4,032
15,976
1,701
344
553
3,748
37.0
2.8
.6
1.0
17.3
31.7
2.7
.8
1.0
13.3
31.9
3.8
.9
1-3
I4.g
47. 1
5.5
1.5
2.1
18.3
36.4
6.9
1.7
2.6
21.5
16
17
18
19
20
1,411
602
1,855
39
4,048
280
3,294
-41
1,173
357
1,310
65
7.5
-9
2.7
V
1.7
.7
8.8
1.0
16 Net change in assets
Households
17
Fare business
18
Nonfarn noncorp, business
19
Nonfin. corporate business
20
21
22
Foreign
U.S. Governnent
23
24
25
26
Total finance
Sponsored credit agencies
Honetary authority
Coaaercial nanking
13,635
-62
-42
4,151
11,966
590
523
1,626
10,443
538
-4 31
410
9,276
586
99
4,000
8,586
415
-121
4,917
8,255
732
549
894
6.8
.9
.3
3.0
11.3
-1.6
1.8
6.5
8.7
1.0
*
2.0
10- 1
-.5
-.2
6. 1
7.2
1.0
-.6
3.5
23
24
25
26
27
28
29
30
31
32
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
Beits
Honey aarket funds
6,855
1,163
2,047
100
173
-750
6,688
862
2,074
100
126
-623
7,956
322
2,052
100
121
-625
2,299
305
2,039
100
49
-201
789
109
2,035
100
124
218
3,738
42
2,053
100
124
23
1.3
-2
-9
.1
*
2.3
.5
1.4
.1
.4
1
1.9
.6
1.7
-2
1.2
*
2.9
.4
1.5
-2
-.3
*
1.8
.3
2.5
-.5
-.8
-. 1
27
28
29
30
31
32
-8,685 -11,948
-5,165
-703
-7,993
-3.3
.7
5.5
4.7
8.6 33
51
-1,646
1,697
722
-678
1,400
1,039
-1,906
2,945
600
-900
1,500
10.1
2.0
8.2
8.9
1.2
7.8
14.0
6.0
8.0
11.6
3.9
7.7
11.5 34
5.1 35
6.4 36
2,635
2,784
-149
2,780
2,941
-161
2,054
2,007
47
1,491
1,055
436
1,500
1,400
100
2.8
1.9
.9
4.8
3.7
1. 1
2.6
1.4
1.2
4.3
2.7
1.7
3.7 37
2. 1 38
1.6 39
600
50
374
52
359
65
.3
.6
.7
1.1
.7 40
2
-11
-94
-93
-2
.6
-.6
*
-. 1
♦ 41
33 Unallocated, net
4,698
-4.3 21
.7 22
(A) Foreign claias
Direct foreign investaent by U.S. corps.
34 Liar.:
Foreign
2,128
1,082
35
Eguity *■ intercompany accts.
1,012
-98
36
fietained earnings
1,180
1,116
Direct foreign investaent in 0. S.
37 Liab.:
Nonfinan. corp. bus.
2,892
38
Eguity * intercoapany accts.
2,883
39
Betained earnings
9
U.S. Govt. eg. in IBSD, etc.
40 Liab.:
Foreign
Nonofficial foreign currency
41 Asset:
U.S. Governnent
Liab.:
Foreign
(B) Claias on Federally related agencies
Postal Savings Deposits
42 Asset:
Households
Liab.:
U.S. Governaent
------
Deposits at Federal Hoae Loan Eanks
43 Liab.:
Sponsored credit ags.
-390
Asset:
S+1 associations
44 Federal Beserve Eank stock
Asset: Coaaercial banks
45 Eguity in sponsored credit ag.
46 U.S. Governaent
Private:
47
Farn business (FICB + FLB)
Nonfara noncorporate (EC)
48
49
Nonfin. corp. bus. (FMHA)
50
S+1 associations (FHLB)
1,633
919
-950
-699
-643
.2
.6
.3
1.2
.3 43
29
14
18
34
28
25
-1
.1
*
.1
* 44
177
160
335
-20
79
-29
.6
.8
.4
.5
.8 45
- 46
-9
-34
220
79
14
75
-8
145
15
175
15
10
3
-48
12
-34
4
97
25
9
-63
.2
*
*
.4
.2
«
•
.5
.2
e
•
.1
.2
.1
*
.2
.2
*
. 1
.4
I11/83 BASED CN PBELIHIMABI AND INCOHPLETE INFOBHATIOM
42
47
48
49
50
NOVEMBER 23, 1983
Hiscellaneous I
Aiscellaneous I
Aiscellaneous Financial Clains
47
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL BATES
J
|
I
1983
II
III
67.9
.7
11.1
44.4
.8
8.2
54.8
-9
6.0
27. 1 Net change in liabilities
Households
1-0
6.0
Nonfin. corporate business
1
2
3
2.0
.6
30. 1
-20.7
.2
7.0
-16.4
-2.8
-2.7
2. 1
Foreign
U.S. Government
4
5
56.9
4. 1
-.6
19.7
32.8
7.1
.5
-1.5
46.6
7.5
3.0
6.7
28.1
2.0
-3.8
6.3
67.2
2.9
.6
29.0
20.8
-3.5
1.3
-3.9
Total finance
Sponsored credit agencies
Honetary authorities
Connercial banking
6
7
8
9
13.3
-.3
7.0
10.6
2.2
-
19-7
-.4
7.0
10.5
-3. 1
-
9.8
-1.9
6-8
10.5
1-6
-
12.6
-1.2
6.9
10.7
.5
-
3-2
-2.9
7.0
10.9
5-5
9.4
1.5
7.0
11. 1
5-8
6.5
-1.8
7- 1
11.0
4.1
Savings + loan assns.
Hutual savings banks
Life insurance companies
Other insurance companies
Finance companies
Reits
10
11
12
13
14
15
101.6
6. 1
1.7
2. 1
21.6
82.5
6. 8
1.7
2. 1
14.2
74.5
6.6
1.3
1.9
11-9
94.0
6.9
1.6
2.1
18.3
90. 4
6.9
1.9
2. 1
17.0
73.8
7.0
1.4
2. 1
17.2
59.7
7. 1
1.3
2-0
17.3
74-9 Net change in assets
Households
6-8
1.4
Farn business
Nonfarm noncorp, business
2.2
Nonfin. corporate business
16.8
15.2
.5
19.9
.8
10.2
1.2
3-7
2.4
13.5
.2
13.9
1. 1
9.6
-.2
4.6
1.4
12.2
.3
Foreign
U.S. Government
21
22
22. 1
.4
.2
10- 1
17.1
1.3
.5
7.3
49.3
.8
.5
28.0
46.3
1.4
*
7.5
46.7
1.5
-.2
7.0
51.4
1.7
2.1
10.2
47.4
-2
-1.7
10.7
36.7
3.4
.4
13. 1
26.0
3.6
-.5
9.5
35.2
2. 1
2.2
6.7
Total finance
Sponsored credit agencies
Honetary authority
Commercial banking
23
24
25
26
4.6
.7
2.4
-1
-.3
.5
6.3
.5
3.5
.4
.3
,.4
3.7
1.0
3.6
.4
-1.0
.4
8.8
1.2
7.3
.4
.4
1-9
26.4
2-7
8.1
.4
.9
-1. 1
28.3
3.8
8-2
.4
.7
-3.0
27.2
3-5
8.3
.4
.5
-2.5
30.0
1.7
8.2
.4
.5
-2.5
10- 1
1.8
8.2
.4
.2
-.8
4. 1
-.6
8. 1
.4
.5
-9
14.8
.2
8.2
.4
.5
.1
Savings and loan assns.
Hutual savings banks
Life insurance conpanies
Private pension funds
Reits
Money market funds
27
28
29
30
31
32
6.6
14.9
-11.8
-.5
-13.5
18.3
-47.4
-22.4
-29.4
-4.9
1982
1
1978
1979
1980
1981
1982
1
2
3
71.8
1-1
7.9
91.8
1.3
1 1.9
63. 4
1.2
13.7
101. 1
1.8
22.0
4
5
20. 1
-.3
27-6
-1.3
14.6
-1.9
6
7
8
9
43.0
4.6
.5
12.9
52-3
5.7
.9
13.2
10
11
12
13
14
15
-.3
1.4
4.8
14.1
5.3
-. 1
16
17
18
19
20
II
III
IV
69.0
.8
10.4
92.8
.7
11.6
46.6
.6
10-5
18.2
1.0
11.7
-2
16.7
7.0
35.8
3.6
-1. 1
7.4
58.1
4.7
.3
17.4
46.0
5.9
-- 1
7.3
1.1
1-2
5.3
14.7
10. 1
♦
-9
.8
3.8
12.4
7.9
. 1
2.6
2.6
8.2
10.8
11.5
♦
65.2
6.6
2.0
3.0
24.5
76.9
7.2
1.9
3.0
35. 1
75.2
5.6
1.9
2.6
32.3
21
22
7.6
.8
6.8
.8
23
24
25
26
20.8
.5
.5
11.8
27
28
29
30
31
32
33
1
-47.8 Unallocated, net
16
17
18
19
20
33
(A) Foreign clains
Direct foreign investnent by U.S. corps.
34
3.0
4.2 Liab.: Foreign
Equity ♦ intercompany accts. 35
-8.8
-1.8
6.0
Retained earnings
36
11-8
34
35
36
15.7
4„4
11.3
26.6
7.6
19.0
21.9
4. 9
17.0
12.8
-.7
13.5
5.9
.6
5.3
7-4
2.9
4.5
6.3
1.6
4-7
.5
-6.3
6.8
• 2.1
-3.5
5.6
37
38
39
7.9
5.3
2.6
1 1.9
7.9
4.0
13.7
7.5
6.2
22.0
18.2
3.8
10.4
10.6
-.2
11.6
11.5
*
10.5
11. 1
-.6
11. 1
11.8
-.6
8-2
8.0
.2
6.0
4.2
1-7
40
.6
.8
.7
1. 1
1.3
2.4
.2
1.5
.2
1.4
U.S. Govt. eg. in IBRD, etc.
.3 Liab.: Foreign
40
*
Nonofficial foreign currency
Asset: U.S. Government
Liab.: Foreign
41
41
*
.1
-.3
-.2
*
*
-. 1
-.4
-.4
Direct foreign investment in U.S.
37
6.0 Liab.: Nonfinan. corp. bus.
Equity ♦ intercompany accts. 38
5.6
39
.4
Retained earnings
(B) Claims on Federally related agencies
42
-
-
43
2. 1
3.0
44
♦
45
46
1.3
47
48
49
50
.3
.1
*
.8
-
Postal Savings Deposits
Asset: Households
Liab.: U.S. Government
42
-
-
.8
1.8
2.8
.4
3.9
3.7
-3.3
-.2
.1
.1
.1
.1
-1
.1
.1
.1
.1
. 1 Federal Reserve Bank stock
Asset: Commercial banks
44
1.6
-
.7
1. 4
-
.9
-
.6
-9
1-2
-
*
-
.1
-
45
46
.4
-1
.1
1.0
.6
. 1
V
♦
.6
. 1
.7
.4
♦
-1
.4
*
-. 1
.8
.6
.1
.6
-1
*
*
-. 1
*
-. 1
*
.2
.2 Equity in sponsored credit ag.
- U-S. Government
Private:
.1
Farm business {FICB ♦ FLB)
♦
Nonfarm noncorporate (BC)
Nonfin. corp. bus. (FNMA)
*
S+1 associations (FHLB)
BILLIONS OF DOLLABS.
-
III/83! BASED ON INCOHPLETE INFORMATION
-
.3
.1
.3
-2
Deposits at Federal Home Loan Banks
-6.0 Liab.: Sponsored credit ags.
Asset:
S+1 associations
43
47
48
49
50
NCVEMBEB 23, 19 S3
Miscellaneous II
Miscellaneous II
Miscellaneous Financial Clains (Continued)
48
UNADJUSTED NET FLCWS($ RILL)
UNADJUSTED NET FLOWS($ MILL)
II
1982
III
IV
)
J
I
1983
II
BILLIONS OF DOLLARS
III
1973
1974
1975
1976
1977
(C) Life insurance clains
Deferred and unpaid premiums
1 Liat.: Households
Asset: Life insurance
181
151
186
206
219
246
4
.7
.7
.6
.9
1
Life company reserves
2 Liab.: life insurance cos.
Accident and health
3
4
Policy dividend accun.
Asset: Households
560
319
241
563
329
234
559
315
244
556
307
249
554
301
253
551
291
260
1.4
.6
.9
4
7
7
1.7
.7
1-0
1.9
.7
1.2
2.7
1.4
1.4
2
3
4
2,614
1,129
325
501
659
2,620
1,155
331
504
630
2,673
1,165
325
516
667
2,721
1,185
324
525
687
2,766
1,209
322
534
701
2,741
1,150
319
544
728
4-8
1.4
.5
1-0
2.0
4.9
1.2
.5
1.0
2. 1
6.2
2. 1
-7
1.2
2.2
10.3
3.6
1.3
2.1
3.4
12.6
4.2
1.5
2.5
4.4
5
6
7
8
9
-355
299
104
1,280
1,232
797
1.4
.7
3.4
-8,685 -11,948
(D) Nonlife insurance clains
5 Liab.:
6 Asset:
7
8
9
10
Cther insurance cos.
Households
Farn business
Nonfarm ncncorp. bus.
Nonfin. corp, business
(E) Intercorporate claims
Corporate parent investment in
finance conpanies
Asset: Donestic banr affiliates
5 10
(F) Unallocated assets ♦ liabilities
11 Net total (liab. less assets)
4,698
-5,165
-703
-7,993
-3.3
.7
5.5
4.7
12
13
14
15
16
17
Net change io liarilities
Foreign
U.S. Government
U.S. Govt.-without levels
Sponsored credit agencies
Monetary authority
17,118
3,458
—
1,741
781
-187
2,739
-3,117
157
639
161
2,155
5,065
-5,166
870
533
8,088
1,714
1,753
1,028
-835
8,976
-2,967
-695
712
108
2,130
-3,907
517
669
362
11.0
-.5
-.4
1.4
1.1
9.6
1.3
1.7
-1.7
-1.0
-.3
7.5
.9
-.6
-. 1
1. 1
-.5
14.0
3.7
-.5
1.4
.3
.2
12.2
-3.8
-.7
-.3
.4
-. 1
12
13
14
15
16
17
18
19
20
21
22
Commercial banting
Commercial ranks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
4,462
5,058
-1,512
98
818
1,255
213
-633
872
803
-877
-3,032
-802
2,106
851
2,489
2,469
-66
-773
859
6,191
5,715
398
— 810
888
1,494
-226
324
488
908
4.7
3.3
*
1.0
.5
7.7
5.5
.5
1.6
.1
2- 1
.1
.2
.7
1. 1
3.4
1.7
.9
.3
.4
6.7
5.4
-.3
.7
.8
18
19
20
21
22
23
24
25
26
27
Savings and loan assns.
Mutual savings oanks
Life insurance conpanies
Finance conpanies
Beits
6,224
-125
1,181
-417
2,338
69
1,140
97
1,661
-1,121
1,174
. 16
1,054
-393
1,190
88
3,846
373
1,197
211
-
1,377
170
1,229
219
-6
.6
1.1
2.3
-
-. 1
.3
1. 1
-. 1
.8
.7
-. 1
1.6
1.2
1.3
1.1
.1
2.0
2. 1
.2
1.2
.4
1.8
7. 1
-.5
23
24
25
26
27
28
29
30
31
32
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Monetary authority
12,420
-49
-1,481
-62
-42
11,424
2,307
-780
590
523
14,103
3,794
1,268
538
-431
13,253
3,259
1,240
586
99
9,679
2,288
-318
415
-121
10,123
2,420
-190
732
549
14.3
5.2
4.7
.9
.3
8.9
2.2
-2.0
-1.6
1.8
2.0
-1.4
-.9
1.0
*
9.3
3.2
4.4
-.5
-.2
3.6
5.5
-8. 1
1.0
-.6
28
29
30
31
32
33
34
35
Commercial ranks
Foreign banking offices
Bants in U.S. possessions
3,205
1,139
133
1,540
-378
151
-1,098
1,126
260
2,056
463
167
3,878
-486
265
-165
15
222
.9
.6
.1
4.6
1.4
-.2
-2.5
.6
.6
-.7
-4
-. 1
3.7 33
.3 34
♦ 35
36
37
38
39
Savings and loan assns.
Mutual savings banks
Life insurance conpanies
Private pension funds
7,025
1,163
1,866
100
5,083
862
1,923
100
6,862
322
1,866
100
3,297
305
1,833
100
1,391
109
1,816
100
4,444
42
1,807
100
.8
.2
.5
.1
1.1
.5
.7
.1
1.5
.6
1.0
.2
1.5
.4
.8
.2
1.2
.3
1.6
-.5
40
41
Beits
Money market funds
173
-750
126
-623
121
-625
49
124
218
124
23
*
-201
.4
-. 1
1. 2
*
-. 3
♦
-.8 40
1 41
IIi/83 BASED CN PBELIMINABI AND INCOMPLETE INFOBHATION
-
8.6 11
36
37
38
39
NCVEHBEfi 23, 1983
Hiscellaneous 12
Miscellaneous II
49
Miscellaneous Financial Claias (Continued)
SEASONALLY ADJUSTED ANNUAL SATES
SEASONALLY ADJUSTED ANNUAL SATES
1978
1979
1980
1981
19-82
1
1
II
1982
III
IV
1
1
I
1983
II
III
(C) life insurance claims
1
1- 1
1-3
1.2
1.8
.8
.7
.6
.7
.8
.9
2
3
4
2,7
1.3
1-4
2-4
.8
1-6
1.7
.6
1. 1
2- 1
.9
1.2
2-2
1-3
1-0
2.2
1.3
1.0
2-3
1-3
.9
2.2
1.3
1.0
2.2
1.2
1.0
2.2
1.2
1.0
5
6
7
8
9
14.1
3-9
1-7
2.9
5.6
14-7
4.8
1.5
2.9
5.5
12.4
3.9
1-3
2-5
4-7
10.8
4.0
1. 1
2- 1
3.7
10.6
4.5
1-3
2.0
2.7
10.5
4.5
1.3
2.0
2.6
10.5
4.6
1.3
2.0
2.5
10.7
4.7
1.3
2. 1
2.7
10.9
4.7
1.3
2. 1
2.7
11.1
4.8
1.3
2. 1
2.8
10
2.7
5.5
4.4
7.9
1.0
-1.4
1.2
.4
5.1
4.9
11
6.6
14.9
-11.8
-.5
-13.5
18.3
-47.4
-22.4
-29.4
-4.9
12
13
14
15
16
17
23-6
3.6
—
-.3
1.3
.4
23.9
.2
—
-1.3
1.1
.8
6. 1
-7.8
—
-1.9
2. 1
-1. 1
39.5
4.6
—
1.0
1.4
.2
33.0
4.5
—
.2
2.2
-.2
58.4
6.9
—
7.0
3.2
-. 8
10.2
-4.4
—
.6
2.3
-5
36. 1
28.5
-20.7
2.6
2-9
18.3
-1.7
7.0
5.3
-3.9
25.3
-20.9
-2.8
3.0
.5
18
19
20
21
22
12.9
12.4
-2.4
2.3
.6
13.2
9. 1
.3
2.7
1. 1
7.4
.8
.1
4.9
1.6
17.4
6.7
1.1
6.8
2.7
7.3
3.1
-2.9
3-9
3.2
19.7
19.6
-6.0
2.8
3.3
-1.5
-5.1
-2.5
2.9
3.2
6.7
-.8
-3.2
7.3
3.4
6.3
6.9
-.3
-3.7
3.4
23
24
25
26
27
-.3
1.4
2. 1
2.6
-.1
1. 1
1.2
2.9
4.6
*
.9
.8
2.1
3.5
. 1
2.6
2.6
6.0
3.6
*
13-3
-.3
4.8
1.2
-
19.7
-. 4
4.7
-1.7
9.8
-1.9
4.6
.4
12.6
-1.2
4.7
.1
-
28
29
30
31
32
17.0
3.2
-.3
.5
.5
9.0
2.9
-5.1
.4
.2
17.8
5.7
1-5
1.3
-5
40.0
5.2
-2. 1
.8
.5
46.5
5.5
-.2
1.4
♦
40. 1
1.9
-7.9
1.5
-.2
57.6
9.2
2-9
1.7
2. 1
33
34
35
6.9
2.0
.1
2.0
2-1
.4
.9
1.5
.5
9.3
7.9
2.9
3.1
2.4
.9
3.2
4.6
.5
36
37
38
39
1-7
.7
1.3
.1
2.2
.5
z.2
.4
2.8
1.0
2.4
.4
6.3
1.2
5.5
.4
23.2
2.7
7.4
.4
40
41
-.3
.5
.3
.4
-1.0
.4
.4
1.9
.9
-1. 1
Deferred and unpaid premiums
1.0 Liab.:
Households
Asset: Life insurance
1
Life coapany reserves
2.2 Liab.:
Life insurance cos.
1.2
Accident and health
Policy dividend accum.
1.0
Asset:
Households
2
3
4
(D)
Other insurance cos.
Households
Fara business
Nonfarm noncorp. bus.
Nonfin. corp, business
(E) Intercorporate claims
Corporate parent investnent in
3.2
finance companies
Asset: Domestic bank affiliates
(F)
BILLIONS GF DOLLABS.
Nonlife insurance claims
11.0 Liab.:
4.6 Asset:
1.3
2.2
2.9
5
6
7
8
9
10
Unallocated assets ♦ liabilities
-47.8 Net total (liab. less assets)
11
5.0
-7.1
2. 1
2.3
1.2
Net change in liabilities
Foreign
U.S, Government
U.S. Govt.-without levels
Sponsored credit agencies
Honetary authority
12
13
14
15
16
17
29.0
24.2
1.6
-.4
3.6
-3.9
-10.0
1.3
1.2
3.6
Commercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
18
19
20
21
22
3-2
-2.9
4.8
.4
9.4
1.5
4.8
.8
-
6.5
-1.8
4.9
.9
-
Savings and loan assns.
Hutual savings banks
Life insurance conpanies
Finance companies
Beits
23
24
25
26
27
58.6
13.9
2.8
-2
-1.7
47.7
12.3
1.4
3.4
.4
30.2
11.5
-1. 3
3.6
-.5
52-8
9.7
6.2
2. 1
2.2
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Monetary authority
28
29
30
31
32
9.8
-1.5
.6
4.7
4.5
1.0
5-3
1.9
.7
5.3
-1.9
1. 1
2.5
.1
.9
27. 1
3.8
7.5
.4
23.1
3.5
7.7
.4
25.7
1.7
7.5
.4
13.5
1.8
7.3
.4
4. 1
-.6
7.3
.4
20.7
.2
7.2
.4
.7
-3.0
.5
-2.5
.5
-2.5
.2
-.8
.5
.9
.5
.1
III/83 BASED ON INCOMPLETE INFOBHATION
Commercial banks
Foreign banking offices
Banks in U.S. possessions
33
34
35
Savings and loan assns.
Hutual savings banks
Life insurance companies
Private pension funds
36
37
38
39
Beits
Money aarket funds
40
41
NOVEMBER 23, 1983
Total Claias
Total Claias
Total Financial Assets and Liabilities
UNADJUSTED HIT ELOWS($ HILL)
UNADJUSTED NET FLOWS(J HILL)
1982
Il
1983
J
IV
III
J
I
II
BILLIONS OF DOLLABS
III
1973
1974
1975
1976
1977
Total Net Borrowing and Lending in Credit Harkets (1)
Total net borrowing
in credit markets
1
2
119,586 138,816 138,427 100,597 163,807 164,025
239.8
229.3
211.6
283.8
378.7
1
87,648 136,398 138,355
55,641 46,876 47,860
32,007 89,522 90,495
17,641 37,717 48,933
4,286
-808
2,229
6,322 14,767 15,148
12,416
4,427
17,222
4,425 20,336
6,963
187.7
8.3
179.4
77.7
9.9
29.8
48.8
13.2
175.3
11.8
163.5
53.9
7.8
20.2
66. 1
15.5
193.0
85.4
107.6
52.1
8.5
12.5
20.9
13.7
243.5
69.0
174.5
89.5
10.2
15.4
44.2
15.2
319.4
56.8
262.6
137.3
12.3
28.0
69.7
15.4
2
3
4
5
6
7
8
9
5,496
21,913
476
16,044
-234
1,655
-1
3,959
14
3,607
22,063
650
15,802
169
3,014
207
2,207
14
6.3
45.8
16.3
3.6
*
3.2
7.6
9.5
5.6
15.0
39.0
17.3
3.4
.2
4.4
6.2
6.0
1.5
11.3
7.3
3.2
7. 1
.2
.6
-4.2
.5
-.1
19.3
21.0
2.1
12.2
.7
5.4
-1.7
4.3
-1.9
13.5
45.8
5.9
16. 1
.6
2.0
6.9
16.9
-2.5
10
11
12
13
14
15
16
17
18
119,586 138,816 138,427 100,597 163,807 164,025
3
4
5
6
7
8
9
Doaestic nonfinan. sectors
U.S. Government
Private domestic
Households
Farm business
Nonfarn noncorp. bus.
Corporate busiaess
State*local governments
84,161 121,889 117,463
8,975 57,643 61,965
75,186 64,246 55,498
20,448 24,913 31,053
2.924 -2,164
6,587
4,934
6,879
12,596
23,387 23,032
5,612
12,168
8,443 14,118
10
11
12
13
14
15
16
17
18
Foreign borr. in U.S.
Financial sectors
Sponsored credit agencies
Mortgage pools
Commercial banks
Bank affiliates
Savings and loan assns.
Finance companies
Beits
3,488
31,937
8,795
9,323
103
3,175
2,499
8,029
13
19
Total net lending
in credit markets
20
21
22
23
24
Private doa. ncnfm. sectors
Households
Nonfarn noncorp, business
Corporate business
State ♦ local governments
25
26
Foreign
U.S. Government
27
28
29
30
Financial institutions
Sponsored credit agencies
Mortgage pools
Federal reserve system
31
32
.33
34
35
Coamercial sacking
Commercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
36
37
38
39
40
Private nonnank finance
Savings institutions
Savings * loan assns.
Mutual savings banks
Credit unions
4,713
12,214
6,093
13,280
189
-3,918
-2,702
-742
14
6,345
14,619
-1,729
18,288
343
1,000
-3,931
635
13
2,221
10,728
-3,180
18,698
277
1,389
-6,023
-447
14
239.8
229.3
211.6
283.8
26,729
6,930
438
4,736
14,625
23,425
14,578
253
6,176
2,418
32,328
14,112
1,046
5,058
12,112
16,080
12,245
366
1,427
2,042
43,962
12,094
708
5,064
26,096
24,944
16,435
645
5,368
2,496
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
40.6
32.9
.6
-5.3
12.4
5,860
5,077
6,627
5,424
3,874
2,999
4,644
1,120
5,185
4,193
4,485
3,566
.6
3-9
11.2
9.4
6. 1
13.4
15.2
7.9
39.6 25
10.0 26
81,920 103,340
3,626
8,551
9,323 13,280
835
9,149
99,226
476
18,288
5,161
78,753 110,467 131,030
1,934
-4,031
341
18,698 16,044 15,802
-4,751
5,415 14,852
191.8
15.5
3.6
9.2
158.3
20.8
3.4
6.2
141.3
4.5
7. 1
8.5
216.0
4.7
12.2
9.8
288.5
6.4
16. 1
7. 1
27
28
29
30
24,185
24,843
240
-1,108
210
27,151
24,430
-257
2,747
231
40,399
39,621
94
596
88
16,403
15,715
43
454
191
32,364
33,886
-235
-1,367
80
34,339
30,908
-105
3,417
119
84.7
78.5
1.7
4.4
.1
67.0
58.5
.9
7.2
.5
29.5
28.5
-.5
1. 1
.4
59.8
55. 1
-.3
4.4
.6
87.8
81.9
.6
4.9
-3
31
32
33
34
35
39,026
4,381
3,221
-1,389
2,549
50,134
5,275
2,027
165
3,083
34,902
13,255
9,302
1,176
2,777
52,434
26,950
18,112
4,169
4,669
54,710
34,151
25,149
3,754
5,248
65,696
34,050
27,168
2,302
4,580
78.8
36.3
28.3
4.3
3.6
60.9
25.3
19.5
3. 1
2.7
91.8
51.2
35. 1
10.7
5.4
129.5
68.4
49.0
12.8
6.6
171. 1
78.5
60. 1
11. 1
7. 2
36
37
38
39
40
378.7 19
20
21
22
23
24
41
42
43
44
45
Insurance sector
life insurance cos.
Private pension funds
St.*loc.govt-rtr.funds
ether insurance cos.
23,258
10,064
5,093
6,774
1,327
23,625
10,535
4,084
7,230
1,776
21,409
11,827
2,556
5,689
1,337
27,913
14,353
4,019
6,868
2,673
27,512
12,714
4,438
8,747
1,613
27,875
13,615
4,239
7,071
2,950
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
69.0
27.5
12.2
11.9
17. 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
11,387
4,077
-125
2,150
5,394
-109
21,234
175
-77
4,861
14,249
2,026
238
1,869
-73
3,065
-4,427
-196
-2,429 -6,953
644
5,520
-75
2,494
7,025
-7,266 -10,769
-2,832 -4,123
3,771
3,526
-75
1,401
-2,809
1,728
18.9
11.4
5.6
1.3
.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
23-6
22.5
-2.4
3.9
1
-.3
46
47
48
49
50
51
(1) Excludes corporate eguities.
Total Liabilities and Their Belation to Total Financial Assets
Net flows through credit markets (from
119,586 138,816 138,427 100,597 163,807 164,025
1
preceding table)
ether frnancial sources:
911
363
1,653
683
-320
2
Official foreign exchange
-728
133
337
495
112
137
3
Treasury curr. and SCB ctfs.
471
239.8
229.3
211.6
283.8
378.7
1
-.1
.4
1.3
.4
.8
.9
2.5
1.2
.1
.3
2
3
4
5
6
7
8
9
10
Deposits at financial insts.
Checkable deposits
Small tiae ♦ savings dep.
Money market fund shares
Large trme deposits
Security BP’s
Foreign deposits
47,366
5,624
15,261
10,124
12,304
2,442
1,611
84,039 64,521 30,941 45,593
24,529 29,951 -10,398 31,061
23,739 67,131 108,997 36,354
22,025 -17,013 -26,296 -15,680
5,979 -16,253 -48,410 -3,280
9, 148
244
8,695 -4,085
461 -1,647
1,223
-1,381
71,756
14,355
30,454
-1,625
18,299
9,269
1,004
112.0
16.3
39.2
39.1
16.2
1.2
87.5
6.9
37.7
2.4
41. 1
-. 4
-.2
113.3
18.6
98.0
1.3
-8.9
3.5
-8
147.7
24.B
121.6
*
-13.9
13.6
1.7
165.6 4
30.4 5
94.6 6
.2 7
28. 3 8
10.9 9
1.3 10
11
12
Life insurance reserves
Pension fund reserves
3,477
25,375
3,645
33,988
3,828
30,028
3,879
39,381
7.6
25.4
6.7
29.6
8.7
34.9
8.4
44.0
11.5 11
55.9 12
13
14
15
16
17
18
19
Interbank claims
-6,944 -10,030
7,156
Corporate eguities
7,168
2,257
3,969
Security credit
-6,867
4,715
Trade debt
Profit taxes payable
1,379
-12,576
Noncorp, proprietors* eguity -11,064 -3,001
Miscellaneous
25,556 11,915
1,679 -12,036
5,752
3,465
16,379 21,505 22,048 11,864
9,551
-173 11,348
2,666
2,141
9,235
78 -5,505
274
1,104 -4,414
4,118
-3,955 -5,522 -13,073 -15,821
10,060 14,650
16,042
7,983
-.2
10.2
-7.9
42.8
2.5
-12.8
33.7
.2
5.7
-4.8
35.2
1-2
-18.0
32.5
-11. 1
10.6
3.7
12.4
-2.7
-14.5
37.4
-8.9
10.6
12.7
19.3
8.0
-21.8
51.8
-1. 1
6.5
2.2
28. 1
-.6
-23.9
45.0
194,582 277,425 271,120 178,468 282,913 301,960
453.2
406.7
406.0
559.5
668.4 20
1.5 21
1-8 22
-10.2 23
20 Total financial sources
21
22
23
24
25
26
27
28
29
- Floats not incl. in assets
Demand dep.: U.S- Gcvt.
ether
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security BP’s
Profit taxes payable
Miscellaneous
Totals allocated to sectors
as assets
3,704
28,254
531
-114
-2,063
440
-5,342
-857
.3
-.4
2. 1
*
.4
-.4
.1
1.6
3.0
-.8
.6
-4.4
133
1,584
-784
928
-703
137
1,726
502
-1,899
-7,993
♦
.6
.9
.2
-3.3
1
2.5
.3
.7
.7
*
-3.8
4.6
-1.0
5.5
-.2
-.9
9.3
.2
4.7
187,260 287,653 252,987 201,879 283,401 315,246
452.8
402.6
395-8
550.9
1,674
-546
-2,674
40
3,500
2
628
4,698
-1,158
-5,688
-1,018
-204
312
14,386 -8,727
12,927 -11,513
66
95
639
6,529
3,277
1,371
-1,645 -1,039
-8,685 -11,948
III/83 BASED ON PBELIMINABY AND INCOMPLETE INFOBHATION
3,756
28,356
112
984
-286
872
-5,165
-.3
-5. 4
5.5
-1.0
8.6
13
14
15
16
17
18
19
24
25
26
27
28
667.9 29
NOVEMBER 23, 1983
Total Claias
Total Clains
Total Financial Assets and liabilities
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
J
1978
1979
1980
1981
1982
1
1
1982
II
III
IV
1983
I
|
II
III
Total Net Borrowing and Lending in Credit Harkets (D
1
478-2
Total net borrowing
in credit aarkets
488.7
433.7
489.8
480.3
501.7
493.4
510.8
511-3
658. 1
573.4
377.2
87-4
289-8
120.6
16.3
39.6
103-7
9.7
395.3
161.3
234- 1
86.3
9-0
29.8
72.7
36.3
381.8
118.3
263.6
100.0
10- 5
37.8
74.8
40. 5
442-7
206.5
236.1
78-4
10.8
26.5
90.0
30-4
427.0
224.4
202.5
93.7
7.3
23.3
22.0
56.2
413.9
196.3
217-6
117.4
-2.9
35.3
38.0
29-8
576.5
264. 1
312.4
162. 1
.8
44.8
31.9
72.8
491.6
157.2
334.4
168.8
7.9
68.9
63.3
25.5
Doaestic nonfinan. sectors
U.S. Government
Private doaestic
Households
Farm business
Nonfara noncorp. bus.
Corporate business
State+local governaents
2
3
4
5
6
7
8
9
Foreign borr. in U.S.
Financial sectors
Sponsored credit agencies
Hortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance companies
Reits
10
11
12
13
14
15
16
17
18
1
3
4
5
6
7
8
9
369.8
53.7
316.2
169.4
14-6
32.4
80-6
19. 1
386.0
3 7.4
34 8.6
176.4
2 1.4
34.4
96.0
20.5
343.2
79.2
264.0
117.5
14.4
33.7
78. 1
20.3
10
11
12
13
14
15
16
17
18
33.8
74-6
23-5
13.6
-2
7-2
13.5
18. 1
-1.4
20.2
82.5
24.8
23-1
-2
6.5
12.6
16.6
-1.3
27.2
63-3
25.6
19.2
.2
6.9
7.4
6.3
-2.2
27-2
85.4
32.4
15.0
-. 1
8-3
15.5
14. 1
.2
15.7
69.3
15-3
49.5
.6
1-9
-3.0
4.9
.1
13.9
105.9
29.0
39.4
.4
12.7
4.4
19.9
.1
11.9
38.9
12.6
53.4
.8
-15.7
-18.3
6. 1
.1
25.3
58.5
*
70.8
1.4
4.0
-12. 1
-5.6
.1
15.9
81.6
1.5
74.6
1-1
5.6
-15.0
13.8
.1
21.5
60. 1
-6.5
66.2
-.9
6.6
-6.6
1.2
.1
7.7
74.0
-12.3
64.0
.7
12. 1
-7.3
16-8
.1
19
478.2
488-7
433.7
489.8
480.3
501.7
493.4
510.8
511.3
658. 1
573.4
20
21
22
23
24
73.6
61.3
1.4
-2.3
13.2
118.9
89.9
1-8
5.7
21.5
74.4
59. 1
.4
-4.2
19.1
87.2
73.9
2.6
2.7
7.9
99.7
57.4
1.7
13.7
26.8
125.0
56.3
9. 1
24.2
35.4
89-0
55.7
.6
11.4
21.3
155.8
83.2
.5
20.3
51.8
39.9
1.0
3-4
18.1
17.4
172.3
66.0
4.5
24. 1
77.7
79.7
49- 1
2. 1
4-0
24.6
Private doa. nonfin. sectors
Households
Nonfarm noncorp, business
Corporate business
State ♦ local governaents
20
21
22
23
24
25
26
38.0
17. 1
-4.6
19.0
23.2
23.7
16.0
24. 1
17.6
16.7
48.6
16.6
13.2
22.5
-5.0
15.7
31.8
3-0
4 3.3
13.3
5.0
15.4
Foreign
U.S. Government
25
26
27
28
29
30
349.5
26.7
13.6
7.0
355.4
30.0
23. 1
7.7
312.4
26.4
19-2
4. 5
362-6
33.2
15.0
9.2
346.3
15.8
49.5
9.8
311-6
27-3
39.4
3.3
368-7
.5
53.4
26.8
344.3
11.4
70.8
12.2
436.6
-2.9
74,6
.9
429.3
.4
66.2
24.4
473.3
-16.4
64.0
48.5
Financial institutions
Sponsored credit agencies
Hortgage pools
Federal reserve system
27
28
29
30
31
32
33
34
35
129-0
110. 1
-1.0
19.6
.2
123-1
108.7
-.1
14.5
*
101. 1
83.5
-. 1
17.0
.5
103.6
96,9
.1
7.7
-1. 1
108.5
107.6
.1
.3
.6
89. 1
83-2
1.0
4. 1
.8
87. 1
84.7
-1-0
2.6
.9
127. 1
125-6
.4
.8
.4
131.1
126.6
.2
3.5
.8
123.8
120-5
-.9
4.0
.3
113.2
109.5
-.4
3.6
.5
Commercial banking
Commercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
31
32
33
34
35
36
37
38
39
40
173.3
72.8
56.7
8.8
7.3
17 1.6
56.7
49.4
4.4
2.8
161. 2
54.9
46.6
5.9
2. 4
201.7
27.2
22.6
.9
3-7
162,7
30.6
19-4
.6
10.6
152.6
19.3
13. 6
-4. 1
9.8
200.9
14.1
3.6
.4
10.0
122.7
47.9
31.6
4.2
12. 1
232.8
117.2
81.4
15.7
20.2
214.5
139.7
102- 1
16.6
21.0
264.0
130.7
105.8
9.2
15.7
Private nonbank finance
Savings institutions
Savings ♦ loan assns.
Hutual savings banks
Credit unions
36
37
38
39
40
41
42
43
44
45
75.0
33.1
6.3
17.0
16.5
66.4
33-4
8.8
10.8
13.4
74.4
32.8
10.8
20.9
9. 9
79.3
34-7
12.8
22.5
9.4
94.2
43.4
17.4
26-5
6.9
97.0
40.2
21-2
27. 1
8.5
91-2
42.0
14.8
28-9
5-6
94.8
53.7
13.2
22.8
5.2
100.8
50.6
13.9
27.5
8.9
114.0
50.8
18.3
35.0
9.9
108.8
55.2
15.2
28.3
10.2
Insurance sector
Life insurance cos.
Private pension funds
St.+loc.govt.rtr.funds
Other insurance cos.
41
42
43
44
45
46
47
48
49
50
51
25.5
24.0
-1. 1
.8
3.2
-1..3
48.5
27. 1
-1.0
1.9
19.8
.6
32-0
13.8
-.7
4.8
14.9
-.7
95.2
26. 1
-1. 1
5.3
62.5
2.4
37.9
4.6
-.7
12.7
21.4
-. 1
36.3
9.4
-.5
8.6
21.6
-2.7
95.5
10-3
-.3
19.4
57.0
9.1
-20.0
-6.9
-.3
12.3
-17.7
-7.3
14.8
18.7
28. 1
-29. 1
-2.9
-39.2
13.0
-.3
10.0
-43. 1
-18.8
24.5
22.4
-.3
5.6
-11.2
8.0
Finance n.e.c.
Finance companies
Reits
Hutual funds
Honey market funds
Brokers and dealers
46
47
48
49
50
51
2
Total net lending
in credit markets
19
(1) Excludes corporate eguities.
Total Liabilities and Their Belation to Total Financial Assets
Net flows through credit narkets (from
658. 1
573.4
preceding table)
Other financial sources:
-2.9
Official foreign exchange
-1.3
.5
Treasury curr. and SDR ctfs.
-5
2
3
289.0
25.6
162.5
-6.5
62. 1
41.2
4.0
Deposits at financial insts.
Checkable deposits
Small time ♦ savings dep.
Honey market fund shares
Large time deposits
Security RP’s
Foreign deposits
4
5
6
7
8
9
10
15.3
125.3
15.5
124.3
Life insurance reserves
Pension fund reserves
11
12
-65-7
82.2
16. 1
6.6
-1.8
-18.0
44.4
8.0
92.0
40.8
35.9
22.7
-34.6
54.8
10.2
49.0
12.9
7.8
-. 4
-79. 1
27.1
Interbank claims
13
14
Corporate equities
15
Security credit
16
Trade debt
17
Profit taxes payable
Noncorp, proprietors' equity 18
19
Hiscellaneous
970.9
121 1.8
1
47 8.2
488.7
433. 7
489.8
480-3
501.7
493.4
510. 8
511.3
2
3
.5
.5
♦
1.6
8. 1
1-3
3-3
1.2
3-6
1.7
3-6
1.3
1.5
1.9
6.6
2-0
2.7
.4
4
5
6
7
8
9
10
184.0
32.6
6 5.5
6-9
54.5
22. 1
2.4
181-3
3 5.9
61.0
3 4.4
2 7.8
16- 1
6. 1
216. 1
16.0
86.7
29.2
61.0
20.4
2.8
275-0
28-3
47.5
107.5
61.8
17.5
12.6
221.5
36.5
138.5
24.7
3.4
15.9
2-5
193. 1
-1-9
90. 3
40.5
48.7
9.0
6. 4
339.6
74.5
129.0
88- 1
13.4
40.3
-5.5
133. 4
39.7
231.9
-68. 1
-72.2
.3
1.8
246.7
88. 1
409.0
-105.2
-171.2
32.6
-6.6
194-3
109. 1
179-3
-62.7
-20.7
-15.6
4.9
11
12
12.0
61-8
12.5
55.6
11.5
78.2
10. 1
91.7
14. 1
106-3
13.9
106.6
14.6
105.0
14.8
122.4
15.0
130.9
13
14
15
16
17
18
19
16.0
1-9
1.2
59.0
5.2
-23.3
71.8
22.7
-3.8
2.1
6 1.5
2.8
-2 8.8
91-8
-29.5
22. 2
12.5
48-4
-3. 1
-40.8
63.4
-15.8
-3-7
.9
33.7
-8.4
-26.9
101. 1
-12.2
35.4
6.5
-12. 1
-16.2
-23.9
69.0
-40. 1
31.8
4.4
-1.6
-10.7
-22. 1
92.8
-45.0
30.0
17.9
-6.5
-11. 1
-25.7
46.6
38.3
64.0
25.2
-21.4
-15.8
-23.2
67.9
20
868.9
88 8.0
822. 0
952.2
873.9
874.8
962.2
925. 1
1027.3 Total financial sources
21
22
23
*
-.5
-4.2
.3
-. 1
-14.5
-.5
2.3
-10. 1
.2
4. 1
4.6
.2
.6
-3.4
-2. 1
-1.3
-1.9
.9
1.6
-1.1
.4
1.6
-4.2
4.2
.2
4.7
-9.2
2.2
.6
8-5
1.4
-3.6
24
25
26
27
28
*
.8
1 1.4
1.5
6.6
-. 1
-1.7
3.5
1.8
14.9
-.2
-3.4
8.9
.6
-11.8
-.2
-2.4
-3. 1
-1.0
-.5
1. 1
15.7
4.5
-.8
-13.5
.2
10. 7
-.7
-1.3
18. 3
.3
27.0
8.5
.1
-47.4
.4
12-4
9.3
-1.0
-22.4
.4
-4.1
.3
-2.0
-29.4
.5
3.3
-2.3
*
-4.9
.5
6.3
5.3
-.9
-47.8
29
853.3
884.0
836. 1
950.6
869.4
852.9
972.3
928.6
996.5
1221.6
1057.5
BILLIONS OF DOLLARS.
III/83 BASED ON INCOHPLETE INFORMATION.
- Floats not incl. in assets
Demand dep.: U.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security HP’s
Profit taxes payable
Hiscellaneous
Totals allocated to sectors
as assets
1
20
21
22
23
24
25
26
27
28
29
NOVEMBER 23, 1983
Saving by Individuals
Saving by Individuals
Amount and Composition of Individuals* Saving (1)
UNADJUSTED NET FLOWS($ BILL)
UNADJUSTED NET FLOWS($ MILL)
II
1982
III
IV
|
1
I
1983
II
III
1 Increase in financial assets
2
Checkable deposits and curr.
3
lime and savings deposits
4
Money market fund shares
71,059 110,093 104,458 100,964 89,549 126,691
7,522 11,553 13,160
-403 12,459 15,331
21,077 17,445 53,753 67,274 37,853 48,700
10,124 22,025 -17,013 -26,296 -15,680 -1,625
5
6
7
6
9
3,769
-53
-9,981
2,637
12,904
11,663
147
7,110
1,452
7,065
12,865
757
9,767
-2,652
7,632
17,404
475
11,686
-1,809
4,166
18,585
876
-6,671
945
20,009
-8,098
4,785
2,259
-684
3,083
-8,344
6,222
-5,072
1,505
-4,755
5,822
-5,211
-3,318
1,879
11,630
-7,305
3,454
8,050
6,448
10,900
7,640
3,638
8,563
6,894
18,538
8,868
3,687
9,833
7,417
11,021
7,564
3,744
10,455
8,843
9,070
2,948
Securities
U.S. savings bends
Cther U.S. Treasury secur.
U.S. Govt, agency secur.
State ♦ local obligations
Corporate ♦ foreign bonds
Cpen-narket paper
Hutual fund shares
Cther corporate eguities
10
11
12
13
14
15
16
17
18
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance + pen. res.
Miscellaneous finan. assets
19 Gross inv. in tangible assets
20
Owner-occupied homes
Cther fixed assets (2)
21
Consumer durables
22
23
Inventories (2)
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
148.5
14.1
63.6
147.3
7.4
55.7
2.4
174.3
6.9
83.4
1-3
210.5
15.7
107.5
*
235.4
20. 1
107.5
.2
1
2
3
4
20,740
868
13,595
2,957
4,820
29.5
2.7
14.4
1.8
5.3
34.5
3.0
12.4
4.6
8.3
25.6
4.0
15.8
-1.0
6.2
15.7
4.7
2.1
2.9
2.0
21.3
4.7
9.2
5.7
-1.5
5
6
7
8
9
-4,359
2,213
7,773
-2,201
255
-4,942
5,947
-2,760
1.9
9.1
-.2
-5.5
5. 1
1.7
-9
-1.6
8.9
-4.4
-.3
-3.5
11.8
-3. 1
-2.4
-2.2
-3.2
9.8
-9
-4.4
10
11
12
13
3,814
8,529
7,696
13,817
3,382
3,865
9,213
8,120
22,062
2,456
7.4
5.5
8.3
11.8
8.3
6.6
6.4
10.7
12.6
11.1
8.5
8. 1
11.8
15. 1
13.6
8.2
15.3
11.2
17.7
19.2
11.3
14.9
18.7
22.5
18.9
14
15
16
17
18
106,157 102,771 112,837 105,111 119,875 120,352
15,078 17,991 22,612 25,120 20,585 27,470
28,089 25,908 23,682 22,634 28,124 25,689
62,581 58,961 69,091 58,390 71,892 68,503
-726 -1,310
409
-89 -2,548 -1,033
227.1
48.1
51.0
123.3
4.7
210.8
45.0
46. 1
121.5
-1.8
222.3
45.6
42. 1
132.2
2.4
262.6
60.6
46.2
156.8
-1.0
320.8
81.8
57.7
178.2
3. 1
19
20
21
22
23
24 Capital consumption allowances
Cwner-occupied homes
25
26
Cther fixed assets (2)
27
Consumer durables
86,149
12,474
22,155
51,520
87,875
12,749
22,553
52,573
89,957
13,247
22,577
54,133
91,866
13,678
22,654
55,534
93,344
14,041
22,528
56,775
96,303
14,506
23,541
58,256
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
203.7
28.6
46.5
128.6
24
25
26
27
28 Net inv. in tangible assets
Cwner-occupied homes
29
Other fixed assets (2)
30
31
Consumer durables
32
Inventories (2)
20,008
2,604
5,934
11,061
409
14,896
5,242
3,355
6,388
-89
22,880
9,365
1,105
14,958
-2,548
13,245
11,442
-20
2,856
-1,033
26,531
6,544
5,596
15,117
-726
24,049
12,964
2,148
10,247
-1,310
98.1
31.0
22.0
40.4
4.7
64.2
25.2
12.4
28.4
-1.8
55.7
23.5
3.4
26.5
2.4
79.4
36. 1
4.4
40.0
-1.0
117. 1
53.2
11.2
49.6
3. 1
28
29
30
31
32
33 Net increase in debt
34
Mtg. debt on nonfarm hones
Cther mortgage debt (2)
35
36
Consumer credit
37
Security credit
38
Policy loans
39
Cther debt (2)
40,459
7,592
11,070
7,644
1,246
1,344
11,563
33,297
15,054
5,607
6,339
630
1,045
4,422
40,197
16,267
5,557
10,290
4,376
533
3,174
28,440
23,493
5,661
-2,651
2,252
559
-874
67,558
21,996
15,177
12,835
7,476
378
9,696
67,488
33,394
15,056
17,142
2,432
284
-820
114.6
46.5
32.1
24.3
-4.3
2.2
13.8
83-3
38.0
25.6
9.9
-1.8
2.7
8.9
77.0
40.6
18.1
9.6
.7
1.6
6.5
124.7
61.4
21.3
25.4
4.8
1.4
10.4
183. 0
90.8
32.0
40.2
1.3
1.7
16.9
33
34
35
36
37
38
39
40 Individuals' saving (1+28-33)
50,6 08
91,692
87,141
85,769
48,522
83,252
132.0
128.3
153-0
165.1
169.5 40
(1) Combined statement foe households, farm business,
and nonfarm noncorporate business.
(2) Includes corporate farms.
111/83 BkSEV CN PBELIMINABY AND INCOMPLETE INFORMATION
NCVEMBEB 23, 1983
Saving oy Individuals
Saving by Individuals
53
Amount and Composition of Individuals* Saving (1)
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
|
1
II
1982
III
IV
J
1
1983
II
III
1978
1979
1980
1981
1982
1
2
3
4
275.3
2 2.. 5
100.3
6.9
293.6
2 2.0
78.5
3 4.4
323. 1
3.8
125.6
29-2
354.2
25.8
66.3
107.5
36 5.2
23.0
120-5
24.7
347. 1
.7
97.9
40.5
389.6
19.9
87.0
88.1
409. 9
45.2
183.3
-68. 1
414.6
75-4
272.8
-105.2
405.4
50.8
163.2
-62.7
5
6
7
8
9
42. 1
3.9
18.0
7.6
4. 1
54.7
-.8
26.0
20.5
10.4
37.0
-7.3
28.9
11.0
7.0
19.2
-4.3
38.2
14.8
9.4
45.6
.2
31.6
-2.0
29.9
46.9
.2
14.8
7. 5
41.6
38.0
*
16.5
-5.7
27.1
84.8
.7
50.2
-5.5
36.3
13.3
4.7
-10.0
5-5
22-0
98.1
3.9
25.6
-1.6
68.9
61.0
2.9
30.7
-2.4
18.7
10
11
12
13
-1.8
15.. 4
1
-5.0
5.7
8.2
.1
-15.3
.6
-3.2
5.2
-5. 1
-8.9
1.7
6.8
-38.5
-9.4
-8.2
18-6
-15. 1
-30.3
-9
12.2
*
10.9
-11.2
26.2
-25.8
3.8
-10.9
21.8
-11.8
-10.9
-5.5
42.7
-35.1
-14.5
-12.7
34.9
-6.2
-1. 1
4.3
25.3
-17.5
14
15
16
17
18
11.7
18.. 3
15-9
27-9
29.6
12.3
17.5
14.0
24.4
3 5-8
11.4
20.6
22-3
35.3
37.9
9.9
28.6
22- 4
41.0
33.6
13.9
32.7
26.6
47-2
30.9
13.8
32.2
26.4
48.0
40.6
14.6
34-3
27.9
42.8
37.0
14.7
39.3
30.8
52.3
27.6
15.0
41.8
32.8
56.4
12.3
15.3
34.1
31.2
60. 1
15.4
15.5
36.9
33.3
54.3
9.7
19
20
21
22
23
375.6
99.2
73.2
20 0.2
3.0
408. 1
110-9
7 8.5
21 3.4
5.3
386.7
96.7
82.0
214.7
-6.6
438.4
96.6
96.9
236. 1
8.8
418.3
77.0
100. 1
244.5
-3.3
421.6
78.4
100-3
242.9
.1
414.4
75.2
98.8
243.4
-3.0
425. 1
80.4
99.9
252. 1
-7.3
444.5
87.2
101.2
258.5
-2-3
474.4
101.8
99.7
277.7
-4.8
488.8 Gross inv. in tangible assets
Owner-occupied homes
114.8
97.9
Other fixed assets (2)
284.5
Consumer durables
Inventories (2)
-8.4
19
20
21
22
23
24
25
26
27
230.0
33-5
52.9
143.5
261.4
3 9.1
160.9
298.0
4 4. 1
72.0
182.0
325.5
4 8.3
80.8
196.4
349.0
50.9
88.9
209-2
344. 6
49. 9
88.6
206. 1
351.5
51.0
90.2
210.3
359.8
53.0
90.3
216.5
367.5
54.7
90,6
222. 1
373.4
56.2
90.1
227. 1
385.2 Capital consumption allowances
Owner-occupied homes
58.0
94.2
Other fixed assets (2)
23 3-0
Consumer durables
24
25
26
27
28
29
30
31
32
145.7
6 5.7
20-3
56.7
3.0
146.7
71.8
17.2
52.5
5-3
88.7
52.6
10.0
32.8
-6.6
112.8
48.3
16.0
39.7
8.8
69.3
26. 1
11.2
35.3
-3.3
77.0
2 8.. 5
11.7
36.9
.1
62-9
24-2
8.6
33,1
-3.0
65.2
27. 4
9.6
35.5
-7.3
77.1
32-5
10.6
36.4
-2.3
101.0
45.6
9.5
50.6
-4.8
103.6 Net inv. in tangible assets
Owner-occupied homes
56.8
3.7
Other fixed assets (2)
51.5
Consumer durables
Inventories (2)
-8.4
28
29
30
31
32
33
34
35
36
37
38
39
224.9
111.5
34.6
48.8
1.2
2.6
26.2
237.4
121.2
40.9
45.4
1.0
4.7
2 4. 1
175.8
98.3
34. 8
4,9
6.5
6.7
24.7
180.3
78.8
37.2
24. 1
-1.6
7. 4
34.. 5
127.6
55.8
27-4
18-3
3.3
4.2
18.6
151.6
47. 6
31. 1
35.9
5. 0
5.4
26.6
117.8
55-0
21. 1
11.1
3.3
4.2
23.1
142.0
57.7
26.5
23.6
17.5
2. 1
14.5
170.9
89.1
32-9
28.1
9.0
2-2
9.7
250.9
106.3
46-5
49.5
29.9
1.5
17. 1
250.3 Net increase in debt
Mtg. debt on nonfarm homes
127.8
Other mortgage debt (2)
59.8
Consumer credit
49.1
Security credit
9.7
1. 1
Policy loans
Other debt (2)
2.8
33
34
35
36
37
38
39
40
41
42
196.0
27.9
56.7
202.9
24.4
52.5
236. 1
35-3
32.8
286.7
41.0
39.7
306.9
47.2
35-3
272.5
48.0
36.9
334.7
42.8
33. 1
333.1
52.3
35.5
320.7
56.4
36.4
255.6
60. 1
50.6
40
41
42
43
44
45
.7
.2
110.5
.9
.1
124.9
1.8
-.5
166.7
2.7
-.4
203.7
2.4
*
222. 1
2.2
*
185.5
1.5
-. 1
257.3
2. 1
. 1
243. 1
2. 1
-. 1
225.9
141.7
292.5 Individuals* saving (1+28-33)
54.3 - Govt, insurance + pen. res.
51.5 - Net investnent in cons. dur.
- Capital gains dividends
fron mutual funds
3.0
.2 - Net saving by farm corps.
183.6 = Personal saving, F/F basis
115.5 Personal saving, NIPA basis
46
61.3
I
3.1
♦
46
89.4
96.7
110. 2
135.3
125.4
127. 1
123.0
120.8
121.7
91.5
47
21-2
28.2
56-5
68., 4
96.7
58.4
134.3
122.3
104.2
50.2
439.2 Increase in financial assets
Checkable deposits and curr.
17.1
Time and savings deposits
218-0
Money narket fund shares
-6.5
1
2
3
4
Securities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. Govt, agency secur.
State ♦ local obligations
5
6
7
8
9
Corporate ♦ foreign bonds
Open-market paper
Mutual fund shares
Other corporate eguities
10
11
12
13
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance ♦ pen. res.
Miscellaneous finan. assets
14
15
16
17
18
68. 1 Difference
(1) Combined statement for households, fara business,
and nonfarm noncorporate business.
(2) Includes corporate farms.
BILLIONS CF DOLLABS.
111/83 BASED ON INCOMPLETE INFORMATION.
43
44
45
47
NOVEMBER 23, 1983
Discrepancies
Discrepancies
Discrepancies - Sumaary for Sectors and Transactions
54
UNADJUSTED NET FLOWS($ MILL)
UNADJUSTED NET FLOWS(S MILL)
II
1982
Ill
IV
|
1
I
________ _______ _______ _____ ~_
1 Total, all sectors
2
Households
3
Nonfin- corporate business
4
State and local governments
5
U.S. Government
6
Foreign
1983
II
Ill
Sector Di screpancies
5,512 -14,052 23,780 -22,720 -1,319 - 18,101
-16,373 -30,383 -15,663 -43,153 -14,262 - 13,031
9,793 12,413 23,066
6,429 11,358
9,964
1,649 -5,174
3,512
5,414
1,975 -5,580
989
3,404
4,388 -2,992
4,072 -7,751
4,427 16,393 13,850
7,955 -2,072
2,177
1973
BILLIONS OF DOLLARS
1974
1975
1976
1977
_______ _____
-.3
.4
.5
2.6
1.3
-2.0
.4
-1-8
-2
4.9
-.7
-2.4
4.7
-16.8
6.0
6.8
2.7
5.7
3.5
-24.6
9.2
8.3
4.8
9.6
-.9
-19. 1
16. 5
5.3
5.8
-2.9
1
2
3
4
5
6
7
8
9
10
Financial sectors
Sponsored credit agencies
Monetary authority
Commercial banxs
1,628
37
-1,705
-4,309
120
-3,359
-1,974
625
-1,693
-2,769
88
-2,931
-2,390
222
-2,537
-3,880
43
-3,512
-3. 1
-2
-4.1
.1
.1
-3.2
.3
.3
.1
-3.8
.3
-1.4
-6.5 7
.4 8
9
-6. 1 10
11
12
13
14
15
16
Private nonoank finance
Savings and lean assns.
Mutual savings hanks
Life insurance
Other insurance
Finance n.e.c.
3,296
231
-232
12
930
2,355
-1,070
662
50
-274
-198
-1,310
-906
118
-78
879
99
-1,924
74
516
-312
10
-353
213
-75
32 8
-175
-1,090
1,005
-143
-411
267
174
-308
-267
-277
.8
-2
-. 1
-.4
.1
1.0
3.2
.1
.1
.5
1.1
1.4
-. 1
*
-. 1
-.4
-.9
1.2
-2.6
-.2
-.2
.2
-2.8
-3
-.8
-.5
-.3
1. 5
-1. 5
*
11
12
13
14
15
16
________ _______ _______
1 Total, all types
2
Treasury currency
Interbank claims
3
4
Security RP*s
Demand deposit mail floats:
5
U.S. Governaent
6
Other
7
8
9
10
11
12
Trade credit
Profit taxes payable
Miscellaneous
Nonfinancial
Nonfinancial coaponents:
NIPA discrepancy (neg.)
Pvt. wage accr. less disk.
5,532 -14,052
66
40
3,500
6,529
2
1,371
23,780 -22,720
95
112
984
639
-2 86
3,277
1,674
-546
-204
14,386
-2,674
628
4,698
-1,810
1,810
-
-1,319 -•18,101
137
133
1,584
1,726
-784
502
_______ _____
-.3
*
.6
.9
.4
-. 1
2.5
.3
4.7
*
-3.8
4.6
3.5
-.2
-.9
9.3
-.9
-.3
-5.4
5.5
1
2
3
4
5
6
312
-8,727
531
-114
440
-5,342
.3
-.4
*
.4
.1
1.6
-.8
.6
1.5
1.8
-1,018 12,927 -11,513
-1,645 -1,039
872
-8,685 -11,948 -5,165
-3,824
5,647
691
-2,063
928
-703
-831
-857
-1,899
-7,993
-4,815
2. 1
.2
-3.3
-.7
-.4
.7
.7
-3.7
3.0
-1.0
5.5
-5.5
-4.4
.2
4.7
-5. 1
-10.2 7
-1.0 8
8. 6 9
-1.3 10
831
4,815
.8
3.7
-
5.5
-
5. 1
-
1.3 11
12
-
-1,158
-5,688
3,824
-
-5,647
III/83 BASED ON PBELIMINABT AND INCOMPLETE INFORMATION
Transaction Discrepancies
-691
-
♦
NGVEMBEH 23, 1983
Discrepancies
Discrepancies
55
Discrepancies - Suaaary for Sectors and Transactions
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1982
III
|
1978
1979
1980
1981
1982
IV
J
1
I
1983
II
III
Sector Discrepancies
1
2
3
4
5
6
18.1
-21.2
23.8
7.4
3.9
11.5
5.5
-28.2
-1.0
1 1-9
€.0
27.5
-16.4
-56.5
13. 1
8.8
-.4
24.8
6.5
-68.4
41.6
3.0
10.3
25.9
3.9
-96.7
57.7
5.1
4.2
38.5
20.2
-58.4
50-5
4.5
7.7
14.9
-12.7
-134.3
56.9
5.0
2.5
69.2
-7.7
-122.3
52.5
6. 1
3.2
61.6
-24.4
-104.2
47.2
5.6
11.9
23.3
-6.4
-50.2
57.6
5.7
5.3
-7.8
-31.5 Total, all sectors
-68. 1
Households
Nonfin. corporate business
49.3
5-3
State and local governments
-17.4
U.S. Governaent
9.9
Foreign
1
2
3
4
5
6
7
8
9
10
-7.4
.5
-8.0
-10.6
.6
-9.4
-6.2
1.1
-9.7
-5.8
1.0
-9.3
-4.9
.8
-7.7
.9
1.0
-6.2
-12. 1
.7
-10-3
-8.8
1.5
-10.7
-8.3
1.4
-11.5
-16.9
.3
-9.6
-10.5
.3
-10.5
Financial sectors
Sponsored credit agencies
Monetary authority
Commercial banks
7
8
9
10
11
12
13
14
15
16
.2
-.2
-. 1
1.6
-.7
-.4
-1-9
-.3
*
-.7
1.1
-2.0
2.4
,7
-.2
.5
4.2
-2.7
2.6
1.2
.2
2.6
1.8
-3.2
1.9
1.4
-.2
.7
.6
-.6
6. 1
.8
-1.0
1.7
.5
4. 1
-2.5
2.7
-.3
.2
.8
-5.8
.4
1.3
-.6
-7
.6
-1.5
1.8
1.2
-.2
.1
.4
-3
-7.7
1.2
-.8
-2.5
.6
-6.1
-.3
1. 1
*
-.4
.6
-1.5
Private nonbank finance
Savings and loan assns.
Mutual savings banks
Life insurance
Other insurance
Finance n.e.c.
11
12
13
14
15
16
1
2
3
4
♦
Transaction Discrepancies
1
2
3
4
18. 1
*
.8
1 1.4
5.5
-. 1
-1.7
3.5
-16.4
-.2
-3.4
8.9
6.5
-.2
-2.4
-3. 1
3.9
1.1
15.7
4.5
20.2
.2
10.7
-.7
-12.7
.3
27.0
8.5
-7.7
.4
12.4
9.3
-24.4
.4
-4. 1
-3
-6.4
.5
3.3
-2.3
5
6
*
-.5
.3
-. 1
-.5
2.3
.2
4. 1
-2
.6
-2. 1
-1.3
.9
1.6
.4
1.6
4.2
.2
-9.2
2.2
-31.5 Total, all types
.5
Treasury currency
6.3
Interbank claims
5.3
Security BP*s
Deaand deposit mail floats:
8.5
O.S. Government
1.4
Other
7
8
9
10
-4.2
-14.5
1.8
14.9
1.5
-10. 1
.6
-11.8
-2.3
4.6
-1.0
-.5
4.9
-3.4
-.8
-13.5
-.5
-1.9
-1. 3
18. 3
-1.7
-1.1
.1
-47.4
-2.5
-4. 2
-1.0
-22.4
-4.2
4.7
-2.0
-29.4
1.2
.6
*
-4.9
3.4
-3.6
-.9
-47.8
-1.3
11
12
-2.5
-1.5
-
2.3
-
-4.9
-
.5
1.7
-
2.5
-
4.2
-1.2
-3.4
*
1.3
*
1.5
6. 6
2.5
BILLIONS GF DOLLARS.
III/83 BASED ON INCOflPLETE INFOBHATION.
Trade credit
Profit taxes payable
Miscellaneous
Nonfinancial
Nonfinancial components:
NIPA discrepancy (neg.)
Pvt. vage accr. less disb.
5
6
7
8
9
10
11
12
@FedFRASER