Full text of Z.1 Financial Accounts of the United States : November 5, 1970 (Seasonally Adjusted)

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F/F

Se a s

Adj

m/70
November 5, 1970




^feOVEBNOts,
Til b

r

a

k

y

RESERVt'^^

Flow of Funds,
Seasonally Adjusted
3rd Quarter, 1970
Preli mi nary

Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D.C.




TABLE LIST
SUMMARY TABLES
1.

Income and Product Summary

2.

Credit Market Summary

3.

Net Investment and Borrowing
SECTOR TABLES

4.

Households

5.

Total Business and Noncorporate Business

6.

Nonfinancial Corporations

7.

Governments

8.

Banking Sys tem

9.

Nonbank Finance Summary

10.

Insurance and Pension Funds

11.

Finance N.E.C. and Foreign
TRANSACTION TABLES

12.

Monetary and Insurance Reserves

13.

Money and Deposits Summary

14.

U.S. Government Securities

15.

Private Securities and Mortgages

16.

Mortgages by Type

17.

Consumer Credit and Bank Loans N.E.C.

18.

Bank Credit Relationship

19.

Other Loans, Including Open-Market Paper

20.

Security Credit, Trade Credit, and Taxes

21.

Miscellaneous I

22.

Miscellaneous II

23.
24.

Total Claims— Recapitulation by Type
Saving by Individuals

Flow of Funds Accounts, Third Quarter 1970
The following pages present preliminary estimates for
the third quarter of 1970 in the flow of funds accounts, together
with second-quarter data that appear in the October Federal Reserve
Bulletin. The tables incorporate the revisions in national income
and product data for 1967-1969 that appear in the July Survey of
Current Business. However, financial data for 1969 and earlier
years are unchanged from the May Federal Reserve Bulletin.
The third-quarter 1970 figures are based on early indi­
cators and are therefore highly tentative, particularly in the
distribution of financial asset holdings among private nonfinancial
sectors. The most important information not yet available in these
tables are S.E.C. data on net new security issues on current assets
and liabilities of corporations. The lack of these data weakens
the figures for total credit flows, household investment in
securities, and distribution of liquid assets as between households
and business. Also missing at the time the accounts were put together
were end-of-quarter balance sheets for life insurance companies and
savings institutions, balance of payments statistics, and complete
income-and-product data. No figures are shown for maturity detail
of U.S. Government security holdings; such detail comes from the
Treasury's survey of ownership of Federal securities, which was not
yet available for the end of the quarter. The ownership survey is
also the source of estimates of total Governments held by State
and local governments.
The attached tables show the accounts at seasonally
adjusted annual rates. Tables showing unadjusted flows are avail­
able on request, and a separate mailing list is maintained for
unadjusted accounts. Requests for the data or to be put on the
mailing list should be addressed to the Flow of Funds and Savings
Section, Division of Research and Statistics, Room 3218, Board of
Governors of the Federal Reserve System, Washington, D.C., 20551.




5 NOVEMBER 1970
INCOME ANO PRODUCT SUMMARY

INCOME AND PRODUCT SUMMARY
I

INCOME AND PROOUCT ACCOUNTS* GNP EXPENDITURES ANO GROSS SAVING
I B IL L IO N S OF OOLLARS)
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTE D ANNUAL RATES
1966

I

YEAR TOTALS
1967
1968

1969 |

I

II

III

IV

1

I

II

III

1 TOTAL GNP

684.9

749.9

79 3 . 9

865.0

9 3 1. 4

907.6

9 23.7

942.d

951.7

959.6

971.1

985.4

1

2 CURRENT OUTLAYS
3
S T AT E AND LOCAL GOVT.
4
U . S . GOVERNMENT
5
HOUSEHOLDS
6
OF WHICH CONSUMER DURABLES

569. 8
70.1
6 6.9
432.8
66.3

623.1
79. 0
7 7.8
4 66.3
7 0.8

6 7 2.2
89.4
9 0 .7
492.1
7 3.1

736.0
1 0 0. 7
99 .5
535.8
8 4 .0

7 8 9. 6
113. 8
1 0 1. 3
5 7 7. 5
90 .0

770.2
1 0 7. 5
100. 9
561.8
89.1

7 83. 2
110.0
9 9 .8
573.3
90 .6

796 . 2
111.6
102.5
582.1
89.5

808.9
114.2
102.1
592.6
9 0.8

822. 8
117.4
102.3
6 0 3.1
89.1

832 . 7
118. 7
99 .7
6 1 4.4
9 1.9

843.8
122.4
9 9 .0
6 22.4
9 1.4

2
3
4
5
6

7 GROSS DOMESTI C I NVE ST MB JT

1 08. 1

121.4

116.6

126.5

139. 8

1 3 6. 0

139.3

143.8

140.2

133.3

1 3 4. 3

136.9

7

98 .5
27.2
19.8
1 9. 1
.5

106.6
25.0
18.3
I 8. 9
.5

108.4
25.1
19.0
1 7 .0
.6

118.9
30.3
22.1
2 1 .2
.5

1 31. 4
32.0
21.7
21.8
.6

128.7
33.0
23.3
2 2. 1
.5

131.4
33.9
23.6
2 4 .0
.6

132.4
3 1 .0
20 .4
21.9
.6

133.0
3 0 .4
19.5
19.3
.6

131.7
2 9.1
1 9. 1
1 9. 1
.6

1 3 1. 2
28.4
17.7
18.5
.6

132.9
8
29.1
9
1 7 . 3 10
1 7 . 4 11
. 6 12

1.4
.7
.7

.4
.2
.2

-.7
-.4
-.4

.6
.3
.3

-1 .0
-.5
-.5

-2 .0
-1 .0
-1 .0

-.4
-.2
-.2

-.6
-.3
-.3

-1 .4
-.7
-.7

6. 8
1.7
5.1

6.1
1.6
4.5

8.1
2.2
5.9

10.4
3.2
7.1

9.7
2.9
6.8

10.3
3.1
7.2

10.5
3.3
7.2

10 .9
3.6
7.2

10.0
3.3
6.7

10.7
2.9
7.7

8 1 .6
4.5
5 .4
9.1
1.0
61.6

83.3
4.5
6.0
9.3
1.0
62.5

8 8.7
4.5
5.5
9.8
1.3
67 .5

9 9.3
5.1
5.5
10.4
1.4
7 6.9

9 5 .7
4.8
5.3
10.3
1.4
7 3.9

97.5
4 .9
5.4
10.3
1.4
75.5

101.4
5.3
5.2
10.4
1.4
79.1

102.6
5.3
6.1
10.7
1.5
79.1

102. 6
5.5
5.3
10.5
1.5
79 .7

1 02. 8
5.5
5 .2
10.5
1.5
80.2

9.6

1 4 .8
-.2
15.0
.6
14 .4

8.2
.7
7.5
.2
7.3

7.6
.1
7.5
.5
7 .0

8.5
.4
8.0
.8
7.2

7.4
.1
7.3
.6
6.6

7.9
.3
7.6
.5
7.1

11.3
.5
10.8
2.3
8.5

7.2
.7
6.5
-.2
6.7

1.6
.7
.9
6
1.5

3.1
.5
2.6
1.4
1 .2

6.9
39.2
32.3

5.3
43.4
38 .1

5.2
46 .2
41.0

2.5
50.6
4 8 .1

2.0
55.5
53.6

1.3
47 .8
46 .5

1.3
5 7 .2
55.9

2.6
58.3
55 .6

2.6
58.8
56.2

3.5
61.1
57 .6

4.1
62.8
58.7

4 . 7 30
6 3 . 5 31
5 8 . 8 32

473.2
2 8.4

6.0

511.9
32.5
6.4

5 4 6. 3
40 .4
7.4

5 91 .2
40 .4
6.8

631.6
37.6
6.0

612.0
34 .2
5.6

6 2 3. 0
33 .3
5.3

640.6
42 .0
6.6

650.6
41. 1
6.3

66 5.3
4 4. 9
6. 8

683.6
51.5
7.5

6 9 3 . 0 33
5 2 . 4 34
7 . 6 35

1.2
1.0

-.2
1.3

-12.4
-1 .6

-6 .2
-1.1

9.3
-.6

9.4
-1 .8

13.4
-1 .5

8. 3
-.3

6.1
1.0

-1 .7
.5

-14.2
3.4

- 1 2 . 7 36
1 . 1 37

3. 3
8 .7
65 .7

8 4 .2
.2
3.3
9.7
7 1 .1

79.8
.1
3.6
10.0
66.1

88.7
.1
4.0
1 1. 0
73.6

91.2
.1
4.5
12.0
74.7

9 3 .0
.1
4.3
11.5
7 7. 1

93.4
.1
4.3
11.9
77 .0

89 .9
.1
4.6
12.2
73 .0

8 8 .5
.1
4 .7
12.2
7 1 .5

8 2 .6
.1
5.2
12.0
65.3

82.0
.1
4.5
1 2 .3
6 5. 1

84.8
.1
4.9
12.1
67 .6

38
39
40
41
42

8
9
10
11
12
13
14
15
16
17
18
19
20

21
22

23
24
25
26
27
28
29

P V T . F IX E D I NVESTMENT
R E SI D E N T I A L CONSTRUCTI ON
1 - 4 FAMI LY STRUCTURES
HOUSEHOLO PURCHASES
FARM
CHANGE I N WORK IN
PROCESS ON NONFARM
CORPORATE
NONCORPORATE
M U L T I - F A M I L Y U N I TS
CORPORATE BUS INES S
NONCORPORATE B USI NESS
NONRES. PLANT ♦ E Q UI P .
NONPROFIT I N S T . ( H H )
FARM
NONFARM NONCORP. BUSI NES
FI N AN C IA L CORPORATIONS
NONFINANCIAL CORPORATION
I NVEN TORI ES
FARM
NONFARM
NONCORPORATE
CORPORATE

33 DI SPOSABLE PERSONAL INCOME
34 PERSONAL SAVI NG
35
SAVING RATE ( PE R C E N T )
36 FEOERAL GOVT. SURPLUS
37 S T AT E C LOCAL G OVT . SURPLUS
CORPORATE PROFI TS* T/
PROFI TS - TOTAL
FARMS
FOREIGN
F INANCIAL CORPS.
NONFIN AN. CORPS.

1.9
5. 5
7 1 .3
4. 1
4.9

8.6
.8

5 2.8

1.0
8.6

30 NET EXPORTS
31
EXPORTS
32
IMPORTS

38
39
40
41
42

-1 .2
-.6
-.6

AND D I V I D E N D S :
7 7.8

.2

-.7
-.4
-.4

13
14
15

1 1 . 8 16
3. 8 17
8 . 0 18
103.8
5.7
5.2
10 .4
1.7
80.8

19
20
21
22
23
24

4.0
.5
3.5
.7
2.8

25
26
27
28
29

43
44
45
46

TAX ACCRUALS - TOTAL
FARMS
F IN AN CI AL CORPS.
NONFI NANCI AL

31 .3
.1
3.7
2 7.5

34.3
.1
4.2
3 0 .0

33.2
.1
4.8
28.3

40 .6
.1
5.8
34.7

42.7
.1
6.6
36 .0

43 .5
.1
6.2
37.1

43 .8
.1
6.5
37.1

42.1
.1
6.7
35 .2

41.4
.1
6. 8
3 4 .5

38 .0
.1
6.9
3 1 .0

3 8. 1
.1
7.1
30 .9

3 9 .4
.1
7.1
3 2 .2

43
44
45
45

47
48
49
50
51

DI VI DE NDS - T OTAL
FARMS
NET FOREIGN
F I N AN C IA L CORPS.
NONFI NANCI AL CORPORATIONS

19.8
.1
1.5
1.4
1 6 .8

2 0 .8
.1
1.4
1.2
1 8. 1

2 1 .4
*
1.5
1.0
18.8

23.3
.1
1.5
1.2
20.5

24.7
.1
1.6
1.4
2 1 .6

2 4 .1
.1
1.6
1.3
2 1. 1

2 4.4
.1
1.5
1.4
21.5

25 .0
.1
1.6
1.5
21.8

2 5 .2
.1
1.7
1.5
21.9

25.2

25.1
.1
1.6

1.5

1.5

21.7

21 . 9

2 5 .4
.1
1.8
1.5
2 2 .0

47
48
49
53
51

52
53
54
55
56
57
58
59

UNO 1 S T . PROFI TS - TOTAL
FARMS
FOREIGN BRANCH P ROFI TS
F IN A N C I A L CORPORATIONS
NONFI NANCI AL CORPORATIONS
♦ INVENTORY V A L . A D J .
♦ BRANCH P ROFI TS
- NONFIN. CORPS..NET

26.7
*
1.8
3.6
21.3
-1 .7
1.8
2 1 .4

29.1
*
1.8
4. 4
2 2 .9
-1 .8
1.8
2 3 .0

25.3
-.1
2.1
4. 2
19.0
-l.l
2.1
20.0

2 4 .9
*
2.5
4.0
18.4
-3 .3
2.5
17.6

23.9
*
2.8
4.0
17.1
-5 .4
2.8
14.5

25.5
*
2.7
4.0
18.9
-5 .9
2.7
15 .6

25.2
*
2.8
4.0
18 .4
-6 .0
2.8
15.2

22.9
*
2.9
4.0
16.0
-3 .2
2.9
15.7

2 1 .9
*
3.0
3.9
15.1
-6 .5
3.0
1 1 .5

19 .4
♦
3.3
3. 6
1 2 .5
-5 .8
3.3
I 0.0

1 8. 8
*
2.8
3.7
12.3
-4 .5
2.8
10.6

2 0 .0
*
3.1
3.5
13 .4
-5 .8
3.1
1 3 .7

52
53
54
55
56
57
58
59

60 T O T AL C AP I TA L CONSUMPTION
59.8
61
OWNER-OCCUPIED HOMES ( HHI
7.1
62
NONPROFI T I N S T . ( H H )
1.2
63
FARM NONCORPORATE
4.8
64
NONFARM NONCORPORATE B US .
10.2
65
T OT AL CORPORATE
36.4
66
F I N AN C IA L BUSI NESS
1 .0
67
CORPORATE FARMS
.2
68
N ONFI NANCI AL CORPORATIONS
35.2
MEMO: C A P. CONS. ON CONSUMER DURABLES
69
NOT INCLUDED ABOVE
51 .5
70
TO T CAP . CONS. I NCL DURABLES
111.3

63 .9
7.4
1.3
5.1
1 0.7
3 9.5
1.1
.2
38 .2

68 .9
7.8
1.4
5.5
11.2
43 .0
1.2
.3
4 1 .5

74.0
8.2
1.5
5.9
1 1 .9
46.5
1.4
.3
4 4 .9

78.9
8.6
1.6
6.4
12.5
49.8
1.5
.3
48 .0

77.0
8.5
1.5
6.2
12.3
48.5
1. 5
.3
46.8

78.2
8.6
1.6
6.3
12.4
49.3
1.5
.3
4 7 .6

7 9 .4
8.7
1. 6
6.5
12.6
50.1
1.5
.3
4 8 .3

80.7
8.8
1.6
6.6
12.7
5 1 .0
1.5
.3
49.1

82.2
8.9
1.6
6.7
12. 9
52.0
1.6
.3
50.1

8 3 .6
9.0
1.7
6.8
1 3 .1
5 3 .0
1.6
.3
51.1

85.1
9.2
1.7
6.9
13.3
54.0
1.6
.4
52.0

60
61
62
63
64
65
66
67
68

55.6
1 1 9. 5

6 0 .7
129.6

67 .0
141.0

73.8
1 5 1. 6

7 1 .3
148 . 3

73.0
1 51. 2

74.7
15 4. 1

7 6 .4
1 5 7. 1

78 .0
160.2

79 .7
163.3

-3.1

-1 .0

-.7

-2 .4

-4 .7

-3.5

-5 .3

-5 .6

-4 .3

-5 .5

-3.1

-1 .4

40.3

4 0 .7
1 2 .8

41 .6
13.2

4 5.7
14.2

46.8
15.7

46 .7
15.7

4 6 .8
15.9

46 .8
15.5

4 6 .8
15 .6

46.0
15.0

46 .4
14.7

4 6 . 5 72
1 4. 1 73

71 S T A T I S T I C A L

DISCREPANCY

7 2 PROFI T TAX RATE ( * »
73 PERSONAL TAX RATE ( S I

12.2

1 1 1/70 DATA ARE BASEO ON P RELIM IN AR Y INFORMATION S U B JE C T TO R E V IS IO N .




.1
1.9

8 1 . 4 69
1 6 6 . 5 70
71

9ftC
NO
SEAftRK1
C
OV
ITIMM
E9
T70
SUMMARY

C R E D I T MARKET SUMMARY

2

SUMMARY OF FUNOS R A IS ED AND ADVANCED I N U .S .C R E D I T MARKETS
(B IL L IO N S OF OOLLARS)
SEASONALLY AD JUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
YEAR TOTAL S
1966
1967
1968

1969
1969

|

II

1970
II

III

FUNOS RAISEO* BY TY PE AND SECTOR

1

T O T A L FUNOS RAI SEO
BY N DN FI NA NCI AL SECTORS

70.4

68 .5

82.6

97.4

88.2

88.9

88.8

9 3 .4

82.2

80. 0

101.3

10 3. 0

1

1.7
1.3
.4

3.5
2.3
1.2

13 .0
8.9
4.1

13.4
10.3
3.0

-3 .6
-1 .3
-2 .4

-5 .3
-5 .7
.4

-13.3
-12.5
-.7

3.7
9.4
-5 .7

.4
3.9
-3 .5

3.3
5.6
-2 .3

17.2
17.8
-.6

18.8
18.4
.4

2
3
4

6 8.7
39.1
.3
38.8
7.3
5.9
2 5 .6
15.4
3.6
4 .4
2.2

6 4 .9
3 9 .9
.9
3 9.0
5.7
11.0
2 2.3
1 1.4
3.1
5.7
2.1

69.6
4 8.0
2.4
4 5 .7
7.7
15.9
22.0
1 1.6
3.6
4.7
2.1

84.1
50.5
-.7
5 1.2
9.9
1 4 .0
2 7.3
15.2
3.5
6.6
2.1

9 1 .9
53.6
4.5
4 9.1
8. 5
13.3
2 7.4
1 5. 7
4 .4
5.2
2.0

9 4 .2
55 .0
.2
5 4.7
1 0.2
1 5 .8
28.6
16.4
4.2
5.9
2.2

1 0 2. 0
5 5.0
3.2
5 1.7
9.8
13.3
28.6
16.6
4.7
5.1
2.3

8 9.7
51.7
5.3
4 6 .4
6.7
12 .8
2 6.8
1 5.6
4.6
4.7
2.0

8 1. 8
52.9
9.2
4 3 .6
7.1
1 1. 1
2 5 .4
14.3
4 .3
5.2
1.6

76 .7
5 2 .7
6.3
4 6 .4
9.2
14 .7
2 2 .5
11 .4
6.0
5.0
.1

8 4 .1
6 3 .1
6.2
5 6 .9
1 1 .0
22.3
23.6
1 1.8
5.5
4.8
1.5

8 4 .2
6 4.1
5.6
58.6
11.7
19.7
27 .2
1 5 .2
5.5
4.9
1.6

5
6
7
8
9
10
11
12
13
14
15

20

OTHER P RI VA T E C REDI T
BANK LOANS N . E . C .
CONSUMER C R E D I T
OPEN-MARKET PAPER
OTHER

2 9.5
1 4 .2
10.0
-.3
5.7

2 5. 0
10.3
7.2
1.0
6.4

21.6
9.6
4.6
2.1
5.2

33.6
13.4
1 1 .1
1.6
7.5

38.3
14.2
9.3
3.3
1 1 .3

39 .2
16.4
9.9
5.1
7.9

47.1
19.5
10.4
3.9
13.3

38 .0
11.5
8.8
3.2
1 4.6

28.9
9.7
8.4
1.2
9.6

24.0
7.8
4.8
5.0
6.4

2 1. 0
4.5
6.2
2.2
8.1

2 0 .1
4.5
6.4
.5
8.8

16
17
18
19
20

21
22
23

BY BORROWING S E C T O R FOREIGN
STAT EDL OCA L G OVTS .

68 .7
2.6
7. 6
28 .8
2 9 .6
20.5
5.8
3.3

6 4 .9
1.5
6.4
23.2
33 .8
2 4.9
5.5
3.5

69 .6
4.1
7.9
19 .7
37 .9
2 9 .4
5 .0
3.5

84 .1
3.0
10.2
31.8
39.1
31.0
5.2
2.9

9 1 .9
3.5
8.9
31.6
4 7 .8
3 7 .8
6.4
3.6

94.2
4.2
10 .8
32.2
47.1
37 .6
6.2
3.2

10 2.0
5.5
10.1
34.6
51.8
42.3
5.8
3.8

8 9.7
2.4
7.0
3 1 .3
4 9 .0
38 .0
7.3
3 .7

8 1.8
2.1
7.7
2 8. 6
4 3.4
3 3 .4
6.5
3.5

7 6 .7
2.7
8.8
2 4 .7
40 .5
34.2
4.5
1.8

84.1
1.6
1 1 .3
22.1
4 9 .2
40.3
5.1
3 .8

8 4 .2
.6
11.9
26.4
45.3
35.7
6.5
3 .1

21
22
23
24
25
2S
27
28

2 U . S . GOVERNMENT-^
3
P UBLI C OE BT S E C U R I T I E S
4
BUDGET AGENCY I S S U ES
ALL OTHER NONF I N . SECTORS
C A PI T AL MARKET INSTRUMENTS
CORPORATE E Q U I T Y SHARES
OEBT C A P I TA L I NSTRUMENTS
S T . + L OC A L G O VT . SEC.
CORPORATE ♦ F G N. BONDS
MORTGAGES
HOME MTGS.
OTHER RE S I D E NT I A L
COMMERCIAL
FARM

19

24

HO U SE H O LD S

25
26
27
28

NONFIN ANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM

FUNOS AOVANCED DI RE CTL Y I N C RE DI T MARKETS
1 T O TA L FUNDS RAI SED
ADVANCED DI RE CT L Y B Y 2 U . S . GOVERNMENT
3 U . S . G . CREOIT A G W C IE S.N ET
4
FUNDS ADVANCED
5
LES S- FU ND S RAI SED I N CR. MK T.

70 .4

6 8 .5

82.6

9 7 .4

88.2

88.9

88.8

93.4

82.2

8 0.0

1 0 1. 3

103.0

1

2.8
*
2.2
2.3

4.9
.3
5.1
4.8

4.6
.5
-.1
-.6

5.2
-.2
3.2
3.5

2.6
.1
8.9
8.8

2.3
-.2
3.9
4.1

1.6
-.4
7.1
7.5

3.7
-.2
10.7
10.9

2 .8
.5
1 3.1
12 .6

2. 7
-. 6
14.2
14.7

2.8
1.9
6.6
4. 7

2.7
-.6
8.6
9.1

2
3
4
5

6 FEDERAL RESERVE SYSTEM
7 COMMERCIAL BANKS* N E T l '
8
FUNDS ADVANCED
9
LE SS- FUNDS RAI SEO I N C R .M K T .

3.8
28.3
29.1
.8

3.5
16.7
16.8
.1

4.8
36 .8
37.0
.2

3.7
39.3
39.2
.2

4.2
9.4
1 3 .7
4.3

3.1
9.2
1 0 .1
.9

5.0
2 4 .7
29.2
4.5

-.4
1.1
6.2
5.0

9.2
3.1
9.9
6.8

1.3
3. 8
12.9
9.1

5. 9
2 3 .9
2 8. 1
4. 1

7.5
6 0 .5
49 .0
-11.5

6
7
8
9

10 P VT . NONBANK FI NANCE
SAVI NGS I N S T I T U T I O N S * N E T
11
INSURANCE
12
13
FI NANCE N . E . C . * N E T l '
14
FUNOS AOVANCED
15
LE SS -F U ND S R AI SEO I N MKTS.

30.1
1 3.7
17 .9
-1 .4
6.9
8.3

2 5 .9
7.8
19.3
-1 .3
5.8
7.1

36.1
16 .9
20 .4
-1 .3
4.3
5.6

33.5
14.5
2 1 .5
-2 .4
9.8
12.3

30.9
10.3
22.3
-1 .7
10.0
11.7

31.3
15.7
20.3
- 4 .8
-1 .5
3.3

34 .7
13.5
2 2.6
-1 .4
16.5
17.9

30.5
6.6
27.0
-3 .0
9.4
12.4

28.0
5.6
19.1
3.2
16 .3
13.1

25.9
5.3
22. 7
-2 .1
-.8
1.2

36.7
15.6
2 1 .0
.2
-1 .7
-1 .9

44.5
20.6
25.2
-1 .3
17.3
18.6

10
11
12
13
14
15

16 FOREI GN

-.3

-1 .8

2.8

2. 5

2. 0

-1 .4

1.3

6.0

2.0

8.1

9 .4

17 P V T . OOMESTIC NONFI NANCI AL
18
BUSINESS
19
S T AT E ♦ LOCAL G O V T . , GEN.
20
HOUSEHOLDS
L E S S - N E T S EC URI TY C RE DI T
21

5.6
1.0
2.5
2.5
.3

19.1
3. 6
3.4
1 1 .9
-.2

-2 .9
-.6
1.2
-1 .3
2.2

13 .7
9.0
.7
5.4
1.4

39.0
11.4
7.2
1 8. 8
-1 .6

4 4.7
1 3 .2
6.5
22.2
-2 .7

21 .8
12.6
4.1
5.0
-.2

52.7
12.2
4.9
32.3
-3 .2

36 .6
7.1
13.4
1 6. 0
- .2

38 .8
10.7
1.4
21.5
-5 .2

20.7
.9
2.0
1 5 .2
-2 .7

7.8
-19. 5
-23.2
-7 .8
1 1. 3
-.2

16
17
18
19
20
21

SOURCES OF FUNDS SUPPLI ED TO C REDI T MARKETS
1
2
3
4
5
6
7
8
9
10
11

12
13
14
15
16
17
18

TO TAL BORROWING BY
NONF I N ANC I AL SECTORS
7 0.4
S UP P LI E D D I R E C T L Y AND I N DI RE C TL Y BY—
P R I VA T E DOMESTIC N ONFI NANCI AL SECTORS:
46.3
TOTAL
D E PO S IT S
40.7
DEMAND DEP. * CURRENCY
8.0
T I M E AND SVGS. ACCOUNTS
32 .7
19.5
AT COMMERCIAL BANKS
AT SAVINGS I NST I T .
13.1
CREOIT
U .S .
P VT .
LESS

MKT. I N S T R . , N ET
GOVT. S E C U R I T I E S
C R E O I T MKT. I N S T R .
S E C UR I TY DEBT

OTHER SOURCES:
FOREI GN FUNDS
AT BANKS
DI RECT
C HG. I N U . S . GOVT. CASH B A L .
U . S . GOVT. LOANS
PVT* I NSU R. AND PENSION R ES.
SOURCES N . E . C .

68.5

82.6

97 .4

8 8 .2

8 8 .9

88.8

93 .4

82.2

8 0 .0

1 0 1. 3

103.0

1

42 .8
23 .7
4.0
19.7
1 2 .5
7.2

47 .7
5 0.6
11.6
39.1
22 .3
16.7

58.1
4 4 .3
11.2
33.1
20.5
12.6

40.4
1.4
5.5
-4 .1
-1 2.0
8.0

4 8 .8
4.1
-2 .8
6.9
-6 .1
13.0

28.8
6.9
4.1
2.8
-6 .3
9.1

36.5
-1 6.1
*
-16.2
-2 2.1
5.9

46.0
9.4
19.1
-9 .7
-1 3.6
3.9

4 8 .4
9. 6
-3 .9
13.5
9.4
4.1

62.9
42.2
-? .l
44.3
29 .0
1 5 .3

73.7
9 3 .2
5.7
8 7. 4
65.5
2 2 .0

2
3
4
5
6
7

5.6
2.5
3.5
.3

1 9. 1
8.5
10.4
-.2

-2 .9
-2 .8
2.0
2.2

13 .7
8.9
6.2
1.4

3 9. 0
1 5. 8
21.6
-1 .6

44. 7
24.7
17.3
- 2 .7

21 .8
-.9
22.5
-.2

52.7
26.3
23.2
-3 .2

36.6
13.4
2 3.0
-.2

38. 8
6 .4
27 .2
-5 .2

20 .7
-4 .2
22.2
-2 .7

-1 9.5
-1 6.3
-3 .4
-.2

S
9
10
11

.8
1.1
-.3

.7
2.5
-1 .8

5.0
2.2
2.8

4.0
1.5
2.5

10.4
8.4
2.0

1 2 .7
14.1
-1 .4

14.4
1 3. 1
1.3

1 1 .9
5.9
6.0

2.6
.6
2.0

9.7
1.6
8.1

4.6
-4 .7
9.4

- 1 . 6 12
- 9 . 4 13
7 . 8 14

-1 .0
2.8
15.7
5.8

-.4
4 .9
16.7
3.8

1.2
4.6
18 .7
5.6

-1 .2
5.2
18.2
13.2

.4
2.6
18.7
15.7

-6 .4
2.3
16 .7
1 4 .8

2.1
1.6
18.6
23.4

1.5
3.7
22.2
17.6

4.1
2.8
17.3
9.4

. 5
2. 7
1 8.6
.2

2. 5
2.8
16.5
1 2. 0

2 . 8 15
2 . 7 16
2 0 .2 n
5 . 2 18

111/70 DATA ARE BASED ON PRELI MI NARY INFORMATI ON S UB JE CT TO RE V IS IO N

\l Excludes sponsored credit agencies. See Part II, line 3.
21 Includes unconsolidated bank affiliates.
3/

Includes open-end investment companies.




5 NOVEMBER 1970
NET INVESTMENT ♦ BORROWING

NET I NVESTMENT ♦ BORROWING

3

PRI VA TE DOMESTIC NET I NVESTMENT ANO BORROWING I N C RE DI T MARKETS
( B I L L I O N S OF DOLLARS)

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1965

1
2
3

T O T A L , HOUSEHOLDS ANC BUSI NESS
T O TA L C A PI TA L OUTLAYS ( 1 )
C A P I T A L CONSUMPTION ( 2 )
NET P HYS ICA L I NVESTMENT

3

YEAR TOTALS
1966
1967
1968

|
1969 |

1969
I

II

III

IV

|
|

I

1970
II

III

1 7 3. 6
1 1 0. 3
63.3

1 9 1. 2
1 1 8. 5
72.7

188.7
128.4
60.3

209.2
139.6
69.6

228.4
150. 1
78.3

223.7
1 4 6. 8
76 .9

228.5
1 4 9. 7
78 .8

231.8
152.6
7 9 .2

229.6
155.5
7 4 .0

220.8
158.7
6 2.2

224.6
161.7
62.9

226.6
164.9
61 .7

1
2
3

58.4
4.9

57. 0
15.7

57.6
2.7

70.9
-1 .3

7 9 .5
-l.l

79.2
-2 .3

8 6.4
-7 .6

80.3
-1 .1

72 .0
2.0

6 5.2
-3 .0

7 1. 3
-8.3

71.7
-10.0

4
5

8 4. 1
5 0. 5
3 3 .6

97.0
54.2
4 2 .8

9 4 .0
58 .5
3 5.6

9 9 .4
62.9
36.5

11 1. 5
67.1
4 4 .3

107.7
65.6
4 2.2

1 0 8. 9
66.6
42.3

115.2
6 7 .6
4 7 .5

11 4. 1
6 8 .7
4 5 .4

107.1
7 0.0
37.1

1 08. 8
7 1. 3
37.5

1 12. 1
72.6
3 9.5

6
7
8

2 9.6
4.0

3 3.8
9.0

3 7 .9
-2 .3

3 9. 1
-2 .6

4 7.8
-3.5

47.1
-4 .9

5 1.8
-9 .5

4 9 .0
-1 .5

4 3 .4
1.9

40 .5
-3 .4

49.2
-1 1 .7

4 5 .3
9
- 5 . 8 10

CORPORATE BUSINESS
11
T O T AL C AP IT AL OUTLAYS
12
C A P I T A L CONSUMPTION
13
NET PHYS ICA L INVESTMENT

6 2 .8
3 5.2
2 7 .5

7 7 .1
3 8 .2
38.9

72 .0
41.5
30 .5

76.9
4 4 .9
3 2 .0

87.3
48.0
39.1

83 .7
46.8
36.9

8 5 .2
4 7.6
37.6

89.9
4 8.3
4 1 .6

8 9.3
49.1
40.1

8 4. 2
50.1
34.1

8 3. 7
51.1
3 2.6

8 7. 1 11
5 2 . 0 12
3 5 . 0 13

14
15

2 0.5
7.0

2 4 .9
14. 0

29 .4
1.2

3 1 .0
1.0

3 7.8
1.3

3 7.6
-.7

42.3
-4 .6

3 8.0
3.6

3 3 .4
6.7

34.2
-.1

40.3
-7 .7

3 5 . 7 14
- . 6 15

89.6
59 .9
2 9 .7

9 4 .2
64.3
2 9 .9

9 4 .6
69.9
24 .7

109.8
7 6 .7
33 .1

1 1 6. 9
82.9
3 4. 0

116.0
81.2
34.8

119 .6
83.1
36.5

116.6
8 5.0
31.7

1 1 5. 5
8 6. 8
28.7

113.7
88.6
25.1

1 15. 8
90.4
2 5.4

1 1 4 . 5 16
9 2 . 3 17
2 2 . 2 18

28.8
.9

2 3.2
6.7

19.7
5.0

31 .8
1.3

31.6
2.4

32.2
2.6

34.6
1.9

3 1 .3
.4

2 8.6
*

2 4.7
.4

22.1
3.4

2 6 . 4 19
- 4 . 2 20

-3 .3
4.7
1.8
2.4

-. 8
7.9
2.0
2.4

-1 .3
7.8
1.9
3.5

-1 .9
6.0
1.9
4.7

-3 .1
8.0
2.4
5.0

-3 .3
8.0
2.2
4.2

-1 .5
7.3
2.3
6 .2

-2 .9
6 .0
2.6
5.4

-4 .7
6.0
2. 6
4.0

-2 .2
6.2
2 .8
6. 5

-3 .2
5.9
2.8
2.2

-5 .8
3 .6
3.0
5 .0

4
5

NET BORROWING
NET E Q U I T Y I N V E S T M B U

(3)

T O T A L BUSINESS
6
T O TA L C AP IT AL OUTLAYS
7
C AP I TA L CONSUMPTION
8
NET PHYSICAL I NVESTMENT
9
10

NET BORROWING
NET E QUI TY INVESTMENT

NET BORROWING
NET E Q U I T Y INVESTM ENT

HOUSEHOLDS
16
TOTAL C A P I TA L OUTLAYS
17
CAP ITAL CONSUMPTION
18
NET PHYSICAL I NVESTMENT
19
20
21
22
23
24

NET BORROWING
NET E Q UI TY INVESTMENT
OF WHICH:
HOUSES LESS HOME MTGS.
DURABLES LESS CONS. C R E D I T
NONPROFIT PEE LESS MTGS.
L E SS — UNALLOCATED DEBT

( l ) C A P I T A L OUTLAYS ARE T O TA L S FOR R E S I D E N T I A L ANO NONRESI DENTI AL
F I X E D C AP I TA L * NET CHANGE I N I N VE N T O RI E S , AND CONSUMER DURABLES*
EXCEPT OUTLAYS BY F IN A N C I A L B U SI N ES S.
( 2 ) C A P I T A L CONSUMPTION I NCLUDES AMOUNTS FOR CONSUMER DURABLES
AND EXCLUDES F I N A NC I A L BUSI NESS C A P I TA L CONSUMPTION.
( 3 ) EXCESS OF N ET

INVESTMENT OVER NET BORROWING.

111 / 70 DATA ARE BASED ON P RELI MI NARY INFORMATI ON SUBJECT TO R E V I S I O N .




21
22
23
24

5 H Q /EMBER 1970
HOUSEHOLDS

HOUSEHOLDS

4

SECTOR STATEMENTS OF SAVING ANO INVESTMENT
( B I L L I O N S OF DOLLARS)

SEASONALLY ADJUSTED ANNUAL RATES

4

SEASONALLY ADJUSTED ANNUAL RATES
YEAR TOTALS
1966
1967
1968

1965

I
1969 |

HOUSEHOLDS, PERSONAL T RU S TS ,

1969
1

II

III

IV

I
1

I

1970
II

III

AND NONPROFIT ORGANI ZATI ONS

5 3 8.9
6 5 .7
4 4 4.8
2 8 .4
4 .8
.9
14.8

5 87 .2
75.4
479.3
32.5
5.3
1.3
15.2

629.3
83.0
506.0
4 0 .4
6.0
1.7
12.4

688.7
97.5
550.8
40 .4
5.6
2.5
17.0

748.9
1 17 .3
5 93. 9
37.6
6.6
2.5
17.3

725. 8
113.8
577 .8
34.2
5.9
5.0
17.8

7 4 1. 1
11 8. 1
589.7
3 3.3
6.6
1.9
17.7

758.1
117.4
598.6
4 2 .0
9.3
2.2
14.8

770.5
1 1 9. 9
609.6
41.1
4. 7
1. 1
1 4 .5

782.3
117.0
620.4
4 4 .9
5 .9
2.0
1 1. 1

801. 3
117.7
63 2. 1
51.5
7.6
1.8
1 2. 2

8 07. 1
11*. 1
640. 6
52.4
7 .7
1.5
1 0.0

1
2
3
4
5
6
7

8 * NET SAVING
9 ♦ C A PI TA L CONSUMPTION
10
ON OWNER- OCC. HOMES
11
ON NONPROFI T P L . + E Q .
12
ON CONSUMER OURABLES
13 - GROSS SAVING

4 9 .0
59 .9
7 .1
1.2
51.5
108.8

54 .3
64.3
7.4
1.3
55.6
118.6

6 0.5
69.9
7.8
1.4
6 0 .7
130.4

6 5.5
76.7
8.2
1.5
67 .0
1 4 2. 2

64.1
82.9
8.6
1 .6
73.8
1 47. 1

62.9
81.2
8.5
1.5
7 1.3
144.1

59.5
83 .1
8.6
1.6
7 3 .0
142.6

6 8 .4
8 5.0
8.7
1.6
7 4.7
153.3

6 1 .4
86.8
8.8
1.6
7 6 .4
148.2

63 .8
88.6
8. 9
1. 6
7 8 .0
152.5

7 3.0
90.*
9 .0
1.7
79.7
163.4

71 .6
9 2 .3
9.2
1.7
81 .4
163.9

8
9
13
11
12
13

14 GROSS I NVESTMENT
15 C A P I T A L EXPENO. ( N E T O F SALES
16
RE SI DE NT I AL CONSTRUCTION
17
CONSUMER DURABLE GOODS
18
PLANT ♦ E Q U I P . ( NON PROFI T )

112.4
89.6
1 9. 1
6 6.3
4.1

11 9.8
9 4. 2
1 8 .9
7 0 .8
4.5

1 3 1. 7
94.6
1 7.0
7 3. 1
4.5

1 3 4. 0
109 .0
21.2
8 4.0
4.5

1 3 7. 3
116. 9
2 1 .8
90.0
5.1

134.9
11 6.0
2 2 .1
8 9 .1
4.8

1 26. 9
1 1 9. 6
2 4 .0
9 0 .6
4 .9

145.6
116.6
21.9
89.5
5.3

1 4 1.7
1 1 5. 5
19.3
9 0 .8
5.3

1 42.7
113.7
1 9 .1
89.1
5. 5

1 5 3. 8
115. 8
18.5
91 .9
5.5

160.2
1 1 *. 5
1 7.4
9 1 .4
5. 7

14
15
16
17
18

2 2 .9
53.0
3 3.6
7 .2
2 6.4
13.3
13.1

25 .6
49.3
22.2
3.1
19.1
1 1 .9
7.2

3 7 .0
60 .7
4 3 .9
11 .4
32.5
15.8
1 6 .7

24 .2
5 8.9
3 4 .7
6 .9
2 7 .7
1 5. 1
12.6

2 0.3
5 0 .3
14.6
3.4
11.3
3.3
8.0

18 .9
4 7.5
1 1.7
-7 .9
19.6
6.6
1 3 .0

7.3
41.5
2 0.0
5.6
14.5
5.4
9 .1

2 9.0
56.0
3.5
-1 .5
5.1
- .8
5.9

26 .2
56.5
2 3 .2
17.3
5.9
2.0
3.9

2 9 .0
47 .9
1 0 .1
-3 .2
13.2
9 .1
4.1

3 7 .9
56.3
2 4 .0
-.7
24.8
9.5
15.3

45.7
7 3.7
4 1.6
1.4
40.2
1 8.2
22 .0

19
20
21
22
23
24
25

1
2
3
4
5
6
7

19
20
21
22
23
24
25

PERSONAL INCOME
L E S S - PERSONAL TAXES ♦ NONTAXE
PERSONAL OUTLAYS
= PERSONAL S AVI NG, N I A B AS IS
«- CREDI TS FROM GOVT. I NSUR.
+ C A P I T A . GAI NS DI VI DENDS
+ NET OURABLES IN CONSUMPTION

NET F I N A N . I NVESTMENT
NET ACQ. OF F I N A N . ASSETS
T O T AL OE PO SI TS ♦ CURR*
DEMANO OE PO S IT S ♦ CURRENC
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVI NGS I N S T I T U T I O N S

26
27

L I F E INSURANCE RESERVES
PENSI ON FUND RESERVES

4.8
12.3

4.6
1 3.4

4 .8
15.3

4.5
14*9

4.5
1 5. 8

5.3
1 3 .1

3.7
16.2

4.5
20.0

4 .5
1 4 .0

4 .5
15.5

4.6
15.5

4 . 5 26
17.3 2 7

28
29
30
31
32
33
34

C RE DI T MKT. INSTRUMENTS
U . S . G OVT . S EC U R I T I E S
S TAT E AND LOCAL O B L I G .
CORPORATE AND FGN. BONO
I NVESTMENT C O . SHARES
OTHER CORP. SHARES
MORTGAGES

2 .5
2.2
2.3
.7
3.1
-5 .0
-.8

1 1.9
7.3
2.1
2.0
3 .7
-4 .7
1.4

-1 .3
.6
-2 .1
4.0
2.6
-7 .4
1.0

5.4
7.1
-.2
4.6
4.7
-1 2 .4
1.6

18.8
13.1
3.8
4.9
5.6
-9 .9
1.3

22.2
1 6. 1
5.0
4.8
7.6
-1 3.0
1.7

5. 0
2.1
1.7
5.3
4.7
-10.0
1. 1

3 2 .3
24.1
3.3
4.7
6.1
-8 .4
2.5

1 6.0
10.1
5.0
4.7
4.2
-8 .0

2 1 .5
12.5
4.0
8.2
2.1
-9 .1
3.8

15.2
-1 .0
1.6
10.4
3.3
-1 .9
2.9

11.3
2.2
2.5
7 .1
4.6
-6 .1
1 .0

35
36
37

NET I N V . I N NONCORP.
SEC URI TY C R ED I T
MISCELLANEOUS

BUS.

-1 .9
.5
1.3

-4 .1
*
1.2

-4 .6
1.1
1.7

-3 .2
.7
1.8

-4 .8
-.8
2.1

-5 .3
-1 .5
2.0

-4 .5
-1 .0
2.0

-4 .7
-1 .8
2.1

-4 .5
l.l
2.2

-4 .6
-1 .3
2.3

-3 .6
-1 .8
2.3

- 4 . 5 35
1 . 0 36
2 . 4 37

NET INCREASE IN L I A B I L I T I E S
C RE OI T MKT. INSTRUMENTS
HONE MORTGAGES
OTHER MORTGAGES
I NST AL L * B I T C O N S . C R .
OTHER CONSUMER C R EO I T
BANK LOANS N . E . C .
OTHER LOANS

30.2
28.8
1 5 .2
1 .2
8.6
1.4
1.4
.9

2 3 .6
2 3 .2
12.3
1.3
6.2
1. 0
.4
2.0

2 3 .7
1 9 .7
10.5
1.2
3.4
1.2
2.1
1.3

3 4.6
3 1 .8
14 .9
1.1
9 .0
2.1
3.0
1.6

30 . 0
31.6
1 6 .3
1.1
8.3
1. 0
2.0
2.9

28.7
32.2
17.0
1.1
8.3
1.5
2.1
2.1

34.2
3 4 .6
1 6 .9
1.1
9.6
.8
3.5
2.7

27.0
31 .3
16.0
l.l
7.7
1.1
1.5
4.0

3 0 .3
28 .6
15.2
1.1
8.0
.5
1.0
3 .0

18.9
24.7
12.3
1.0
4.0
.8
3.1
3.4

18.3
22.1
1 2 .6
1.0
4.6
1.6
-.6
2.7

2 8 .0
2 6 .4
14.0
1.0
5.1
1.2
1.9
3.1

.8
.2
.3

-.2
.3
.4

3.3
.4
.3

2.1
.4
.4

-2 .4
.4
.3

-4 .3
.4
.4

-1 .2
.4
.4

-5 .0
.4
.3

.9
.4
.3

-6 .6
.4
.3

-4 .5
.4
.3

. 8 46
. 4 47
. 3 48

-3 .6

-1 .2

-1 .2

8.1

9.8

9.3

15.7

7.7

6.5

9.8

9.6

3 . 7 49

38
39
40
41
42
43
44
45
46
47
48
49

S EC URI TY C REOI T
TRAOE DEBT
MISCELLANEOUS
DISCREPANCY

1 11/70 DATA ARE BASED ON P RELI MI NARY I F O R M A T I O N




SUBJECT TO R E V I S I O N .

28
29
30
31
32
33
34

38
39
40
41
42
43
44
45

5 NOVEMBER 1970
T O T A L ♦ NONCORP B US I NE SS

T O T A L + NONCORP B USI NESS

SECTOR STATEMENTS OF SAVING AND INVESTMENT
(BILLIONS OF DOLLARS)
SEASONALLY

A D J US T ED ANNUAL R AT E S

S EASONALLY A D JU S T E D

1966

1965

YEAR T OT AL S
1967
1968
NONFI NANC IAL

139.1
7 7 .7

I
2

INCOME BEFORE T A XES
GROSS S AVI NG

3
4
5
6
7
8
9

GROSS I N V E ST M EN T
C A P I T A L EX PE N DI TU RE S
F IX E D I NVES TME NT
BUS IN ES S PLANT + E Q UI PM EN T
1 - 4 FAMI LY R E S I D E N T . CONST
OTHER R E S I D E N T I A L
CHANGE IN I N V E N T O R I E S

64. 6
84 .1
7 4 .4
66 .3
.7
7 .4
9.6

69. 6
97. 0
8 2 .2
76. 1
7
6. 8
1 4. 8

10 N ET F I N A N C I A L I N VE ST ME NT
N ET I NC RE A SE IN F I N A N . A S S E T
11
12
N E T I N C R E AS E IN L I A B I L I T I E S
13
C R E D I T MKT I NST RUMENTS
14
SECURITIES
15
HOME MORTGAGES
16
OTHER MORTGAGES
17
BANK LOAMS N . E .C .
18
OTHER LOANS
19
TRADE DEBT
20
OTHER L I A B I L I T I E S

-1 9.5
24.1
4 3. 5
29 .6
5.4
.1
9.1
12 .3
2. 6
9.1
4 .9

-2 7 .4
16.5
43.9
3 3. 8
1 1 .4
-1 .0
9.7
10.1
3.6
7.4
2. 7

21

1 2 9.5
71. 8

DI SCR EP ANCY

7.2

8.0

1969

|
|

ANNUAL RAT ES

1 969
I

B US IN ES S -

II

III

IV

!
I

I

19 70
II

III

T O T AL

143.5
80. 5

145.6
82.6

146.4
83 .6

147.3
82 .2

146.8
8 4 .0

141.8
80. 1

136. 8
8 0. 0

138.2
81 .3

139.5
8 3.3

1
2

7 0 .4
9 4.0
85 . 8
7 7. 8
2 .0
6.1
8.2

74.3
99 . 4
91 .8
82 .8
.9
3 .1
7 .6

7 5 .4
111.5
103.0
92 .8
-. 1
1 0 .4
8.5

77.6
10 7.7
100.4
89 . 5
1.2
9. 7
7.4

7 4 .8
108.9
10 1.0
91.2
-.4
1 0 .3
7.9

73 .4
115.2
103.8
9 4 .7
- 1.5
10.5
11 .3

75 . 3
11 4.1
106. 9
95. 8
.2
10 . 9
7.2

7 4. 3
107.1
105.5
95.5
*
10.C
1.6

76.6
10 8. 8
105.7
9 5 .8
-.7
1 0. 7
3.1

7 9 .6
11?.1
108. 1
96. 4
-.1
11 .8
4. 0

3
4
5
6
7
8
9

-2 3 .7
14 .7
38 . 4
37 .9
17 .0
1.1
9.2
7.7
2.8
4.0
-3 .5

-2 5 .2
28.2
53. 3
3 9 .1
12.1
.3
11.0
10 . 6
5.1
6.8
7.4

-36.1
25 .5
6 1 .6
47 .8
1 6.4
-.6
10.6
12 .5
8 .9
11.3
2.5

- 3 0 .2
3 0 .2
6 0 .4
47.1
1 4 .7
-.6
1 1.2
1 3 .9
7.9
8.1
5.3

-3 4.1
3 0 .8
64.9
51. 8
1 4.9
-.3
1 0 .9
15.5
1 0 .8
1 4 .9
-1 .8

-41. 8
24 .2
6 6 .0
49.0
16.1
-.5
10.2
11 .4
11 .7
14.2
2.8

-38.8
15. 8
54.6
4 3 .4
1 9 .8
-.9
10 .0
9.2
5 .3
7.9
3.3

-32.8
30. 7
63. 5
4 0 .5
20 .2
-.9
10.1
3. 9
7.1
1 0 .7
1 2 .4

-3 2.2
28.7
6 0.9
49.2
2 8 .9
-.8
10.8
5.5
4. 9
7.7
3.9

— 3 2. 5
25 . 9
53 . 4
45. 3
23 .9
1. 1
1 1 .0
3.3
5.4
7.3
5.7

10
11
12
13
14
15
16
17
18
19
20

7.2

6.0

7.4

1 0 .7

4. 9

5.7

5.2

3.7

21

16.6
*
6.7
6.5
.3
6. 8

1 6 .6
*
6.9

1 7 .0
*
7.0
6. 7
.3
7.0

16.5

16.1
*
7.3
6. 9
. 4
7.3

1
2
3
4
5
6

7.6
7.4

7.0
6. 6
5.3
.6
.7

7.1

7.3
6. 3
5.2
.6
.5

7
9
9
10
11

136. 2
79.3

9.0

6.3

FARM BUS INES S

1
2
3
4
5
6

NET INCOME
N E T SAVI NG ( 1 )
C A P I T A L CONSUMPTION
NONCORPORATE
CORPORATE
CURRENT SURP. = GROSS SAVI NS

7
8
9
10
11

GROSS I N V E ST M EN T
C A P I T A L E X PE N DI TU RE S
PLANT AND EQ U IP ME NT
R E S I D E N T I A L C O NS T RUC T ION
CHANGE IN I N VE N T O R I E S

12
13
14
15
16
17

NET F I N A N . I N V E ST M E NT
NET . INC R. I N F I N A N . A SS ET S
DEMAND D E P. AND CURRENCY
M I SC EL LA NE OUS A S S ET S
I NSURANCE R E C E I V A B L E S
E Q U I T Y IN SPON . A G S . ( 2 )

18
19
20
21
22
23
24

N E T INCREASE I N L I A B I L I T I E S
C R E D I T MARKET I NS T RU ME NT S
MORTGAGES
BANK LOANS N . E . C .
OTHER LOANS
U .S.GOV T.
F I C B+ B KS FOR COOPS

25
26

TRADE DEBT
PROPRIETOR N E T
(1 )
(2 )

I NVES TM ENT

1 4. 8
*
5.0
4.8
.2
5.0

16.1
*
5.3
5.1
.2
5.3

1 4 .8
-.1
5.7
5.5
.3
6.2

1 5 .0
*
6 .2
5 .9
.3
6.1

16 .4
*
6.7
6.4
.3
6.9

1 6.2
*
6.5
6.2
.3
6.7

16 .2
♦
6.6
6.3
.3
6.7

5.0
6.3
4.9
.5
1.0

5.3
5. 8
5 .4
. 5
-.2

6.2
7.3
6.0
.6
.7

6.1
S .l
5.5
.5
.1

6.9
6.5
5 .5
.6
.4

6.7
6.0
5.3
.5
.1

6.7
6. 2
5.4
.6
.3

6.8
6.3
5.2
.6
.5

-1 . 4
. 3
.1
.2
.1
*

-.5
.2
.2
.2
*

-1 .1
.4
.1
.3
.2
*

*
.3
*
.3
.2
.1

.5
.3
*
.3
.2
.1

.8
.3
*
.3
.2
*

.4
.3
*
.3
.2
.1

.4
.3
*
.3
.2
*

1.6
3.3
2.2
.7
.3
.1
.3

.7
3.5
2.1
. 9
.4
*
.4

1.5
3.5
2.1
.7
.6
.2
.5

.3
2.9
2.1
.4
.4
.2
.2

-.2
3.6
2.0
.8
.8
.2
.6

-.5
3.2
2.2
.6
.4
-.2
.6

-.1
3.8
2.3
.8
.8
.1
.7

-.2
3.7
2.0
.9
.8
.4
.4

. 7
-2 . 3

. 9
-3 .6

.8
-2 .8

.8
-3 .4

.4
-4 .1

.5
-4 .3

*
-4 .0

.4
-4 .3

-4 .0

1. 6
-3 .5

-4 .7

*
25
- 3 . 7 2S

CORPORATE R E T A I N E D P R O F I T S .
SHARES IN F I C B ' S , BANKS FOR COOPS,

7.6

*

*
*
1.6
1.1

7.1

7.1

. 4
.3
*
.3
.2
*
-.1
1.8
.1
.7
.9
-.1
1.0

. 9 12
. 3 13
*
14
. 3 15
. 2 16
*
17

1.5

-. 7
3.1
1.6
1.1
•4
.1
.2

18
19
20
21
22
23
24

AND LAND BANKS.

NONFARM NONCORPORATE B USI NESS

I

NET

5 0 .7

53.8

56 .4

58 .2

59 .9

5 9 .1

60.1

60.4

60 .2

6 0 .4

61.1

6 1 .6

1

2
3

C A P I T A L CONSUMPTION
CURRENT S URP . = GROSS S AVI NG

1 0.2
10.2

10.7
11 .2

11.2
1 1.7

11 .9
11.9

12.5
1 3.2

1 2 .3
1 4 .4

12.4
12 .8

1 2 .6
13.2

12.7
1 1 .8

1 2 .9
1 2. 9

13.1
13.1

1 3 .3
1 3 .3

2
3

4
5
6
7
8
9
10

GROSS I N VE S T M E N T
C A P I T A L E X PE N D I T UR E S
FIXED CA PITA L
PLANT + EQUI PMENT
M ULTI-FAM ILY
RESID.
HOME C ONS TR UC TI ON
CHANGE I N I N V E N T O R I E S

10.2
15.0
1 4 .2
8.6
5.5
.1
.7

11 .2
14.1
13 .5
9.1
5.1
-.6
.6

1 1 .7
14.7
1 4 .5
9.3
4.5
.7
.2

11.9
16.5
1 5 .9
9.8
5.9
.2
.5

1 3.2
18.0
17 .2
10 .4
7.1
-.4
.8

1 4 .4
18.0
1 7 .4
1 0 .3
6.8
.3
.6

1 2 .8
1 7 .5
17.0
1 0 .3
7.2
-.5
.5

1 3 .2
1 8 .9
16.6
1 0.4
7 .2
-1 .0
2.3

1 1 .8
1 7.4
1 7 .7
1 0.7
7.2
-.2
-.2

1 2 .9
1 6 .3
1 6 .9
10.5
6.7
-.3
-.6

13.1
18.9
17 .5
10.5
7.7
-.7
1 .4

1 3 .3
4
18.8
5
18.1
6
1 0 .4
7
8.0
8
-.4
9
. 7 10

11
12
13
14
15
16
17

NET FIN AN CIAL IN V E S T.
N E T A C Q U I S . OF F I N A N . A S S E T
DEMAND D EP. + CURRENCY
CONSUMER C R E D I T
M I SC EL LA NE OUS A S S E T S
I NSURANCE R E C E I V A B L E S
E Q U I T Y I N S PON. AG S.

-4 .7
.7
.4
.3
.3
*

-2 .9
.9
.5
.4
.4
*

-3 .0
.9
.5
.4
.4
*

-4 .5
1.2

-4 .8
1.0

-3 .6
.6

-4 .7
1.0

-5 .7
1.8

-5 . 6
.8

-3 .3
.5

-5 .8
1.0

-5 .4
1.0

.7
.5
.5
*

.5
.5
.5
*

.2
.5
.5
*

.5
.5
.5
•

1.3
.5
.5
*

.3
.5
.5
*

*
.5
.5
*

.5
.5
.5
*

11
12
13
. 5 14
. 5 15
. 5 16
*
17

18
19
20
21
22
23

NET I N CRE AS E IN L I A B I L I T I E S
C R E D I T MARKET I NST RUMENTS
MORTGAGES
HOME MORTGAGES
MULT I - FAM I L Y
COMMERCIAL

5.4
5.8
3.2
.1
2. 8
.3

3. 8
5.5
2 .4
-.5
2.4
.4

3.9
5.0
3.7
.6
2.8
.3

5.7
5.2
3.4
.1
2.7
.5

5.8
6.4
3.7
-.3
3.6
.4

4.2
6.2
3.5
-.3
3.3
.5

5 .6
5.8
4.1
-.1
3.8
.4

7.5
7.3
3.9
-.2
3.8
.4

6.4
6.5
3.3
-.4
3. 4
.4

3.8
4. 5
4 .4
-.5
4.5
.4

6.8
5.1
4.2
-.4
4.2
.4

6 . 4 18
6 . 5 19
5 .1 20
. 6 21
4 . 1 22
. 4 23

1.0
1.6

1.3
1.8

.6
.7

.7
1.2

.8
1.9

.5
2.3

.7
1.0

1.2
2.1

1.0
2.1

-1 .3
1.4

.7
.3

- . 1 24
1 . 6 25

-.7
.4

-1 .3
-.4

.6
-1 .8

.4
.2

*
— .6

-.9
-1 .1

.4
-.5

.6
-.4

.4
-.5

.4
- l . l

.6
1.1

24
25
26
27

INCOME

BANK LOANS N . E . C .
OTHER LOANS
TRADE D E B T , N E T
PROPRI ETOR N E T I N VE ST ME NT

-

I I 1/70 OATA ARE BASED ON P R E L IM IN A R Y IN FO R M ATIO N S U B JE C T T O R E V IS IO N .




-

-

-

-

-

_

.6
-.7

26
27

5 NOVEMBER 1970
CORPORATE BUSINESS

CORPORATE BUSINESS
SECTOR STATEMENTS OF SAVING ANO INVESTMENT
(BILLIONS OF DOLLARS)

0

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1965

YEAR TOTALS
1966
1967
1968

|
1969 |

1969
I

II

III

IV

|
|1

I

1970
II

III

NONF I NANCI AL CORPORATE BUSINESS
1
2
3
4
5
6
7
8

PROFITS BEFORE TAX
- PROFITS TAX ACCRUALS
- NET DIVIDENDS PAIC
= UNDISTRIBUTED PROFITS
♦ FGN. BRANCH PROFITS
♦ INV. VALUATION ADJ.
♦ CAPITAL CONSUMPTION ALL.
= GROSS INTERNAL FUNDS

65. 7
27.5
16.8
21.3
1.8
-1.7
35.2
56.6

71.1
3 0. 0
18.1
22.9
1.8
-1.8
3 8.2
61.2

66.1
28.3
18. 8
19.0
2.1
-l.l
41.5
61.5

73.6
34.7
20.5
18.4
2.5
-3 .3
44.9
62.5

74.7
36.0
21 .6
17.1
2. 8
-5. 4
48.0
62 .5

77.1
37.1
21.1
18 .9
2.7
-5. 9
46. 8
62.4

77.0
37.1
21. 5
18.4
2.8
-6.0
47.6
62.7

73.0
35.2
21.8
16.0
2.9
-3.2
48.3
64.1

71.5
34.5
21.9
15.1
3.0
-6. 5
49. 1
60 .6

65.3
31.0
21.7
12.5
3.3
-5. 8
50. 1
60.1

65.1
3 0.9
21.9
12.3
2.8
-4.5
51.1
61.6

67.6
32.2
22.0
13.4
3.1
-5.8
52.0
62.7

1
2
3
4
5
6
7
8

9
10
11
12
13
14

GROSS INVESTMENT (1C ♦ 15)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION
CHANGE IN INVENTORIES

49.4
62.8
54.9
52.8
2.0
7.9

53.1
77.1
62. 7
61.6
1. 1
14.4

52.5
72 .0
64.7
62.5
2.3
7.3

56.2
76.9
69 .9
67.5
2.4
7.0

55.2
87. 0
79 .8
76.9
2.9
7.2

56 .4
83.7
77.1
73.9
3.2
6.6

55.4
85.2
78.1
75.5
2.6
7.1

53.4
89.9
81.4
79.1
2.3
8. 5

55.8
89.3
82.5
79.1
3.4
6.7

54.4
84.2
82. 7
79.7
3.0
1.5

56.4
83. 7
82.4
80.2
2.3
1.2

59.0
87.1
84.3
80.8
3. 5
2.8

9
10
11
12
13
14

15
16

NET FINANCI AL INVESTMENT
NET ACQUIS. OF FINAN. ASSET

-13.4
23.1

-24. 0
15. 5

-19.5
13.5

-2D .7
25.S

-31.8
24.2

-27.3
29.3

-29.9
29.6

-36.5
22.2

-33.5
14.8

-29. 8
30.0

-2 7.3
27.4

-2 8.0 15
24. 6 IS

17
18
19
20
21
22

LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
OPEN-MKT. PAPER
STATE AND LOCAL OBLIG.

1.7
-1.5
3. 9
-1.6
.5
.5

1.9
.7
-. 7
-1.2
2. 0
1.0

*
-2.2
4.1
-3.1
1.5
-.4

10.1
1.3
2.2
1 .8
4.5
.4

2.3
.5
-7. 8
-1.4
8.7
2.3

8 .0
3.8
-7.2
6.1
2.9
2.4

4.2
.7
-7.6
-3.2
11.7
2.7

-3.0
-1.7
-10.8
-3.8
13.1
.2

-.6
-1.1
-5.6
-4.9
7.2
3.7

4.2
-4.2
-. 7
-3.0
14.4
-2.2

8.6
-1.3
11.4
-l.l
2.2
-2.1

8. 7
-2.9
3S .1
-11.2
-11.0
-2.3

17
18
19
20
21
22

23
24
25
26
27
28
29
30

CONSUMER CREOIT
TRADE CREDIT
MISCELLANEOUS ASSETS
FGN DIRECT INVESTMENT-!'
FGN. CURRENCIES
INSURANCE RECEIVABLES
EQ. IN FED. SPON. AG.
OTHER

1.2
15.1
5.1
3.3
*
.4
*
1.4

1.2
11.3
1. 0
3.0
-. 1
.6
*
-2.5

.9
8 .8
3.8
2. 7
*
.7
*
.4

1.7
14.8
.1
.9
.2
.8
*
-1.9

1.3
17.3
3.4
2 .0
*
.8
.1
.4

1.6
18.3
1.4
2.2
-.3
.8
*
-1.5

.9
1 8.2
6.2
3.8
.8
.8
*
.7

1.4
18.5
5.3
2.5
-.3
.8
.1
2.2

.7
14. 1
.7
-.4
-.2
.8
.1
.3

1.5
1 7. 7
6. 5
5.3
*
.9
.1
.2

1 .4
12.8
4.6
5.0
.9
.1
-1.4

.8
1'+ .0
1.1
2. 3
-.5
.9
.1
-1.7

23
24
25
26
27
28
29
30

31
32

NET INCREASE IN LIABILITIES
CREDIT MKT. INSTRUMENTS

36.5
2 0.5

39.4
24.9

33.0
29.4

47.3
31.0

56.0
37.8

56.6
37.6

59 .4
42 .3

58.7
38.0

48.2
33.4

59.8
34.2

54.7
40.3

52. 6 31
35.7 32

33
34
35
36
37
38

CORPORATE BON CS—^
CORPORATE STOCK
MORTGAGES
HOME MORTGAGES
MULTI-FAMILY
COMMERCIAL

5.4
*
3.9
.1
.9
2.9

10.2
1.2
4. 2
-.5
.7
4. 0

14.7
2.3
4.5
.6
.8
3.1

12 .9
-.8
5.8
.1
.8
4.9

12.1
4 .3
4.3
-.3
.9
3.7

14.6
.1
4.9
-.3
.9
4.4

12.5
2.4
4.4
-.1
.9
3.6

10.5
5.6
3. 8
-.2
.8
3.3

10 .7
9.1
4.2
-.4
1.0
3.7

13.9
6. 3
4.6
-.5
1.6
3. 6

22. 7
6.2
4.3
-.4
1 .3
3.4

18.4
5. 6
5.5
.6
1.4
3.5

33
34
35
36
37
39

39
40
41
42

BANK LOANS N.E.C.
OPEN-MKT PAPER
FINANCE CO. LOANS
U. S. GOVT. LOANS

10.6
-.3
.6
.3

7.9
1.0
*
.4

6.4
1.5
-.3
.2

9.6
1.6
1.8
.2

10.9
2.7
3.5
.1

12.8
5 .0
*
.1

14.0
2.6
6.3
.1

9.3
2.6
6.1
*

7.3
.4
1. 5
.1

4.5
5.3
-. 7
.2

3.3
.8
2.8
.2

2. 8
.7
2.7
.1

39
40
41
42

2.2
9.1
4.6

.2
7.8
6.5

-4.1
2.6
5.2

3.7
5.7
6. 9

.8
10.9
6.5

5.6
8 .5
5 .0

-3.9
14. 5
6.5

.8
13.2
6.7

.5
7.0
7. 4

1.9
8.7
15.1

-1.2
6.8
8.8

3. 0 43
6. 7 44
7.2 45

7.2
5.9
25.8

8. 0
3.5
30.5

9.0
6.2
32.7

6 .3
9 .2
31.9

7.2
6.4
36.3

6.0
9.8
33.1

7.4
3.7
42.2

10.7
5.3
35.4

4.9
7.1
34. 4

5. 7
9.1
30.2

5.2
6. 0
30.8

3.7 4S
7. 3 47
29. 7 48

41.9
110.9
32. 7

42.2
126. 0
32.3

42.8
117.1
40.8

47.1
123.1
40 .4

48.2
139 .3
43.4

48.2
134. 1
44.9

48.2
135. 8
49.6

48.3
140.4
42.3

48.3
147.2
37.4

47. 5
140. 2
40. 6

47.5
13 5. 8
48.2

47.6 49
138.8 50
41.0 51

43
44
45

PROFIT TAX LIABILITY
TRADE DEBT
MISCELLANEOUS LIABILITIES

46
47
48

DISCREPANCY
MEMO- NET TRADE CREDIT
PROFITS TAX PAYMENTS
PERCENT RATIOS:
49 EFFECTIVE TAX RATE
50 CAP. OUTLAYS/INT. FUNDS
51 CR.MKT. BORROWING/CAP .EXP .

I I 1/70 DATA ARE BASED ON PRELIMINARY INFORMATION SUBJECT TO REVISION.

J/

Line 33 excludes new issues sold abroad, and line 26 excludes direct investment financed
by foreign security flotations.




5 NOVEMBER 1970
GOVERNMENTS

GOVERNMENTS

7

SECTOR STATEMENTS OF SAVING AND INVESTMENT
(BILLIONS OF OOLLARS)

S EAS ON AL LY

A D J U S T E D ANNUAL R A T ES

SEAS ON AL LY A O J U ST E D
YEAR T O T A L S
1966
19 67
1968

1965

I
1969 |

TAX RECEIP TS
S OC . INS . + G RANTS R ECD.
PURC H. OF GOODS * S E R V I C E S
N E T I N T ER E S T ♦ T RA NSFE RS P A I D
N E T S URP LUS , N I A B A S I S
L E S S - R E T I R E M EN T CR . TO H H .
E Q UA L S- G RO S S S AV IN G

8 NET F I N A N C I A L I N VE S T M E N T
9
N ET ACQ . O F F I N A N . A S S E T S
10
T O T AL O E P O SI T S ♦ CURRENCY
C URR. ANO DEMAND D E P O S I T
11
TI M E DE POSITS
12
13
C R E D I T MKT. I N S T RU ME NT S
14
U.S.GOV T.SECU RITIES
15
DI RE C T
16
U . S . G . AGENCY S E C .
17
S T A T E ♦ LOCAL S EC .
18
OT HER C R . M K T . I NS T RU ME NT S
19
CORPORATE BONDS
20
HOME MORTGAGES
21
TAX RECEIVABLES
22
23
24
25
26
27
28
29

NET I N C R . I N L I A B I L I T I E S
C R E D I T MKT. BORROWING
S T A T E ♦ L OCA L O B L I G .
SHORT-TERM
OTHER
U . S . G O V T . LOANS
TRADE DEBT
DI SCR EPANCY
EMPLOYEE R E T I R EM ENT FUNDS ARE

ANNUAL RATES

1 969
I

S T A T E AND LOCAL GOVERNMENTS -

1
2
3
4
5
6
7

7

II

III

IV

|
I1

I

1970
II

III

GENERAL FUNDS

59. 8
1 5 .6
70 .1
4.4
1.0
3 .3
-2 .4

6 5. 8
1 9 .4
7 9 .0
4.9
1.3
4 .0
-2 .7

72 .0
21.5
8 9.4
5.7
-1 .6
4 .6
-6 .2

81.5
2 4 .8
100.7
6.8
-l.l
4.3
-5 .4

9 1 .0
2 7 .3
1 1 0. 8
8.1
-. 6
5.0
-5 .6

87.3
26.1
107.5
7.6
-1 .8
4.1
-5 .9

8 9 .7
2 6 .6
110.0
7.8
-1 .5
5.3
-6 .8

92.3
2 7 .2
111.6
8.2
- .3
7 .0
-7 .2

94 .7
2 9 .1
114.2
8. 7
1.0
3. 5
-2 .5

96. 8
30 . 6
11 7.4
9.5
. 5
4.4
-4 .0

9 9 .2
32. 9
11 8 . 7
10.0
3.4
4.0
-.6

101.0
33. 0
122.4
10. 5
1.1
5.0
-4 . 9

1
2
3
4
5
6
7

-3 .1
4 .9
2.2
-.2
2.4
2.5
1.9
1.3
. 6
-.1
.6
.7
♦
.1

-2 .1
4 .8
1.2
-.1
1.3
3. 4
2.4
2.2
.1
*
1.1
1.1
♦
.2

-5 .2
3.2
2 .0
-.4
2.4
1.2
-.3
- .9
.6
*
1.6
1.5
*
*

-5 .6
5.1
4 .3
l.l
3.2
.7
.1
-.8
.8
*
.6
.4
.2
.1

-7 .5
1.9
-5 .3
2.2
-7 .5
7.?
4.2
2. 0
2.2
.1
3.0
2.8
.2

- 8 .3
3.0
-3 .5
1.9
-5 .4
6 .5
2.5
.5
2.0
*
4.0
3.8
.2
*

-1 2 .4
-1 .8
-5 .8
-1 .8
-4 .0
4. 1
.2
-.7
.9
.1
3.8
3.6
.2

-8 .3
-.8
-5 .8
4.6
-1 0.4
4.9
5.9
2.6
3.4
.1
-1 .0
-1 .2
.2
.1

-1 .0
7.2
- 6 .1
3.9
- 10.0
1 3.4
8.2
5. 6
2 .6
*
5.1
5. 0
.2
-.1

-5 .2
4.1
2.7
1.8
.9
1 .4
-3 .1
-3 .4
. ?
.2
4.1
4.2
.2
*

-2 .1
9.7
7.8
-.3
8 .1
2.0
-2 .1
-3 .3
1.3
.2
3.9
3.7
.2
*

-5 . 9
6 .6
14.3
3.1
11.2
-7. 8
-7 .3
- 7 .8
.5
.2
-. 7
-. 8
. 1
.1

8
9
13
11
12
13
14
15
IS
17
18
19
20
21

8.0
7.6
7.3
. 6
6. 7
.3
.4

6.9
6 .4
5.7
.7
5.1
.6
.5

8.4
7.9
7 .7
1 .7
6.1
.2
.5

10.7
1 0.2
9 .9
1.6
8.3
.3
.5

9.*
8.9
8.5
4.1
4.4
.4
.5

1 1 .3
10 .8
10.2
4.3
6.0
.5
.5

1 0. 6
10. 1
9.8
4.4
5.4
.3
.5

7.5
7. 0
6.7
2.9
3.9
.3
.5

8.2
7.7
7. 1
4.7
2 .4
.5
.5

9.3
8.8
9. ?
3. 4
5. 8
-. 4
.'5

1 1 .8
11.3
1 1 .0
3.3
7. 8
.3
.5

1 2 .4
11.9
11.7
3 .2
8.5
.2
. 5

22
23
24
25
?S
27
28

.7

-.7

-1 .0

.1

1.9

2.4

5 .6

1.1

1.2

1 .5

.9

29

1
[ N I NSURANCE

*

-1 .6

SECTOR.
U . S.

GOVERNMENT

T O T AL R E C E I P T S , N I A B A S I S
PERSONAL T A X E S
C ORP . P R O F I T S T A X ACCRUALS
I N D I R E C T T A XES
I N SU RAN CE R E C E I P T S

124. 7
5 3 .8
2 9 .3
16.5
25.1

1 4 2.5
6 1 .7
32.1
15.7
3 3 .0

1 51.2
6 7 .5
30.7
16 .3
36 . 7

175.4
79.3
3 7 .5
18.0
40. 7

2 0 0. 6
9 5 .9
39 . 2
19.1
4 6 .5

197.2
9 3 .7
39.9
18 .5
45 .1

2 02 . 5
9 7 .3
40 .2
19.0
4 6 .0

20 0.9
95.6
3 8 .6
19 .5
4 7 .0

20 2. 0
96 . 9
38 . 1
1 9 .3
47. 7

19 s. q
9 3. 4
34. 8
19.3
4 8. 4

1 96. 7
93.5
3 4. 9
19 . 4
4 8 .9

1 95. 2
89.4
36.1
2°. 0
4? . 7

1
2
3
4
5

6
7
8
9
10
11
12
13

TO TAL EXPENDITURES, NIA BASIS
GOODS AND S E R V I C E S
GRANTS AND DONAT IONS
N ET I N T E R E S T
INSURANCE B E N E F I T S
N ET SURPLUS, N I A B A S I S
L E S S —I NSU RAN CE C R E D I T S TO HH
EQUAL S- GROSS S AV IN G

123. 5
6 6 .9
24.2
8. 7
2 3.7
1.2
1.4
-.2

142. 8
77. 8
29.0
9.5
2 6 .4
-.2
1 .4
-1 .6

163.6
9 0 .7
30.7
1 0.2
3 2 .0
-1 2.4
1.4
-13. 8

181.6
9 9 .5
3 3 .4
11.8
3 6 .9
-6 .2
1.3
-7 .5

191.3
101.3
36 .8
1 3. 1
4 0 .0
9.3
1 .7
7.6

1 87.7
100.9
34 .9
12 .6
39 .3
9.4
1.8
7.7

1 89. 1
99 .8
3 6 .7
12.9
3 9 .7
1 3 .4
1.3
1 2 .0

192.5
102.5
36 .5
1 3.2
4 0 .3
8.3
2.4
5.9

195 .9
1 02. 1
39. 0
1 3 .9
40. 9
6. 1
1.2
4. 9

1 97. 7
1 02 . 3
38.7
14. 3
42.4
-1 .7
1. 4
-3 .2

21 0 . 9
99. 7
46.4
14.3
so.s
-1 4.2
3.6
- 17 .8

2 0 7. 9
9 9 .0
43. 2
14.8
SO. 9
-1 2.7
1.7
-14. 4

6
•»
8
9
10
11
12
13

14
15
16
17
18
19
20

-.8
3 .0
-1 .4
2. 8
*
-.1
2.9

-.1
5.4
-.1
4. 9
1.3
.8
2.8

-1 2.3
3.0
1.0
4.6
-.1
.9
3.8

-7 .2
8 .4
-1 .7
5 .2
.1
1.1
3.9

7 .6
6.0
1.1
2.6
-1 .3
.7
3.2

8.5
4.2
-3 .1
2.3
-1 .1
.4
2 .9

1 3.8
2.9
1.6
1.6
-2 .2
.8
3.0

2.9
8 .4
2.2
3.7
-.8
.8
3.8

5. 1
8.6
3 .7
2.8
-1 . 0
. 8
3. C

-4 . c
. 6
-.4
2. 7
. 1
.3
2.4

-18.0
1.4
.9
?. 8
*
.5
2.3

-14. 0
6.0
2.2
2.7
*
. 3
2.4

14
15
I *>
17
13
19
20

21
22

NET F I N A N . I NVES TME NT
N ET A C Q U I S . OF F I N A N . AS S ET
DEMAND D E P O S I T S ♦ CURRENC
C R E D I T MARKET I NST RUMENTS
AGENCY S E C U R I T I E S
MORTGAGES
OTHER LOANS
EXCE SS OF TAX ACCRUALS
OVER R E C E I P T S
OTHER F I N A N C I A L A S S E T S

1.2
.5

-.7
1.3

-4 .4
1.8

2.4
2.5

*
2.3

4.2
.9

-4 .5
4. 1

.3
2.2

.2
1.9

1 .8
-3 . S

. 1
-2 .4

3.0
- 7. o

21
22

23
24
25
26
27
28
29

N E T I N CRE AS E IN L I A B I L I T I E S
U . S . GOVT. SEC URITI E S
S AVI NG S BONDS
D I R E C T E X C . SVGS. BDS.
BUDGET AGENCY S E C .
L I F E + R E T I R E M E N T RESERVES
OT HER L I A B I L I T I E S

3. 8
1.7
.6
.7
.4
1.4
.7

5.5
3.5
.6
1.8
1.2
1.4
.6

1 5 .3
1 3.0
.9
8.0
4.1
1.4
.9

1 5 .6
13 . 4
.5
9.8
3.0
1.3
.9

-1 .6
-3 .6
-.4
-.9
-2 .4
1.7
.4

-4 .3
-5 .3
-.5
-5 .2
.4
1.8
-.8

-1 1.0
-1 3.3
-.4
-12.1
-.7
1.3
.9

5 .4
3.7
-.7
10.1
-5 .7
2.4
- .6

3. 5
.4
.1
3 .8
-3. 5
1.2
1. 9

5.6
3. 3
- .9
6.*
-2 .3
1.4
. 8

19.3
I 7 .2
-.?
17 .9
-.6
3.6
-1 .4

2D . 0
1 8. 8
. 1
18. 2
. 4
1 .7
-.5

23
24
25
26
?7
28
29

.6
2 8 .1

-1 .5
3 2 .8

-1 .4
3 5 .1

-.3
35.0

.1
39.2

-.8
3 5.7

-1 .8
4 4 .7

3.0
3 8 .4

- .2
3 7 .«

l.R
33.0

. 1
34.P

- . 4 30
33. 1 ’ 1

1
2
3
4
5

30
31

D I S CR E PA NC Y 1 1 3 - 1 4 )
MEMO- C ORP . T A X R E C E I P T S ,

NET

FEDERALL Y SPONSORED C R E D I T

.1

.1

.1

.1

.1

.1

. 1

.1

2 N E T I N CRE AS E IN A SS ET S
C R E D I T MKT. INTRUMENT S
3
U . S . G O V T . SEC .
4
5
R E S I D E N T I A L MORTGAGES
FARM MORTGAGES
6
7
OT HER LOANS
8
TO COOPS ( B C )
9
T O FARMERS < F I C B )
10
TO S ♦ L ' S (F HLB )

2.3
2.2
.1
.5
.6
1.0
.1
.3
.7

5.3
5.1
1. 0
1 .9
.7
1.6
.2
.4
. 9

-.1
-.1
♦
1 .1
.7
-1 .8
.2
.5
-2 .5

3.2
3 .2
-.1
1.6
.5
1 .2
.1
.2
.9

9.2
8.9
-.4
3.9
.6
4.8
.2
.6
4.0

4.3
3. 9
-2 .1
1.7
.6
3 .7
.2
.6
2.9

7.4
7.1
-.1
2.5
.8
4.0
.2
.7
3. 1

11.7
10 .7
-.3
4 .7
•6
5.7
- .1
.4
5.3

12. 6
1 3. 1
. 3
6 .fc
.3
5 .o
. -a
.8
4.0

16.1
14. 2
2.4
5. 8
.3
5.6
. 3
1."
4. 4

6.6
6. 6
-. P
5.2
. 5
1.7
.1
. 7
. 6

9 .0
2
P. 6 3
2.4
4
4. 7
5
. 6 6
. 9 'r
.4
8
9
.2
. 3 in

11 N ET I N CRE AS E IN L I A B I L I T I E S
C R E D I T M K T. I N S T R .
12
AGENCY S E C U R I T I E S
13
14
U . S . G O V T . LOANS
15
M I SC EL LA NE OUS L I A B I L I T I E S
16 DI SCR EPANCY

2.2
2.3
2.1
.2
*
*

5.2
4.8
5.1
-.2
.4
.1

-.2
-.6
-.6
-.1
.5
*

3.2
3 .5
3.2
.2
-.3
.1

9. 1
8.8
9 .1
-.3
.4
.1

4.4
4.1
5.2
-1 .1
.3
.2

6 .9
7.5
7.5
-.6
-.4

1 2. 0
1 0.9
10.9
1 .1
.4

1 3 .2
12 . 6
1 2 . ft
.6
. 7

1 6. 1
1 4. 7
1 4.7
1.4
.1

5 .9
4.7
4. 7
1.3
-. S

9 .2
9.1
«. 1
. 1
.?

I

CURRENT SURPLUS

.1

.1

A G E NC I E S

T H I S GROUP C O N S I S T S OF FEDERAL HOME LOAN BANKS, , FEDERAL N A TI O N AL MORTGAGE
A S S O C I A T I O N , FEDERAL I N T E R M E D I A T E C R E D I T BAN KS , BANKS FOR C O O P E R A T I V E S ,
AND FEDERAL LAND BANKS .
TH ES E A G EN C IE S ARE P R I V A T E L Y OWNED AND ARE
EXCLUDED FROM U . S . GOVERNMENT B UDG ET ACCOUNTS AS OF 1969 AND FROM
U . S . GOVE RNM BI T FI GU RE S IN TH E SE AC COUNTS FOR ALL Y E A RS .

111/70 DATA ARE BASED ON PRELIMINARY INFORMATION SUBJECT TO REVISION.




.1

. 1

1

1I
12
13
14
15
16

5 NOVEMBER 1970
BANKING SYSTEM

RA NK ING

SYSTFM

SECTOR STATEMENTS OF SAVING ANO INVESTMENT
(BILLIONS OF DOLLARS)
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
YEAR TOTALS
1966
1967
1968

1969 |

MONETARY AUTHORITIES
1
2
3
4
5
6
7
8
9
10
LI
12
13
14
15

CURRENT SURPLUS

*

NET ACQ. OF FINAN. ASSETS
GOLD ANO FOREIGN EXCHANGE
TREASURY CURR. ♦ SDR CTFS.
F.R. FLOAT
F.R. LOANS TO DOMESTIC BANK
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
NET INCREASE IN LIABILITIES
MEMBER BANK RESERVES
VAULT CASH OF COML. BANKS
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD
CURRENCY OUTSIDE BANKS
OTHER

2.3
-1.3
.2
-.4
-.1
3.8
3.7
2.2
.4
.3

4.2

-.3

4.8
- .5

3.8

-1.2

.1

.7
.3

-3.8

.1

3.5
3.5

4.2
4.2

3.7
3.8

4.2
1.3

4.7

3.8

1.2

.9

3.1
3.2
.1
-.3

1.3

*
-.1
2.1
-.5

-.1
2.8

4.0
-.9
-.4

1.3
-2 . 3

5.0
5 .0

1.3
1.?
1.2
-1.*
.1

4. 0
2.3

-.1
-.2
1.4

-.7

3.2
-2.3

-1.4
.3
2. 4

-3 .?
-.2

I. 4

6

7. 5
7 .6

7
9

9. 9 9
4.9 1?
-.3 11

3. n 14
-l.l IS

COMMERCIAL BANKS
I. COMBINED STATEMENT FOR COMMERCIAL BANKS AND AFFILIATES
CURRENT SURPLUS
PLANT ♦ EQUIPMENT

10
11
12
13
15
16
17

2.1
.4

2.5
.5

2.3
.4

2. 9
.6

3.1
.6

3.D
.6

3.1
.6

3.2
.6

3. 1
.6

3. 0
.f

3.0
.6

2. 9
.9

1
2

NET ACQ. OF FINAN. ASSETS
TOTAL BANK CREDIT
CREDIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
DIR ECT
AGENCY ISSUES
LOAN PARTIC. CTFS.

30. 5
29.1
29.0
-2.3
-3.1
1.1
-.3

2 0. 1
16.8
16.2
-3.6
-3.4
*
-.2

39. 9
37.0
35.5
9.4
6 .3
.3
2.9

43.2
39.2
38.0
2. 8
1.7
1 .1
*

16 .9
13.7
14.9
- 1 1 .2
-9.4
-.2
-1.7

10.9
10.1
16.0
-15.2
-12. 5
- 1.6
-1 .1

37. 0
29.2
2 7.0
-10.7
-11.3
-. 6
1.2

7.3
6.2
8.7
-10.3
- 6 .1
-.4
-3. 7

1 ? .«
9. 9
8 .U
-8.1
-7. 1
2.1
-3.0

1 7. R
1?. 9
13. 1
1.2
.4
2. 9
-2.0

3
29 .1
33.8
9.2
7.9
1.4

57. i
49. r*
41 . 1
1?. 0
6.2
5.
1. 3

3

OTHER SECURITIES ♦ MTG.
STATE AND LOCAL OBLIG
CORPORATE BONDS
HOME MORTGAGES
OTHER MORTGAGES

10.6
5.1
-.1
3.1
2.5

6.6
1. 9
.1
2.4
2.3

14.3
9.0
.8
2.4
2.2

15.7
8.7
.3
3.5
3.2

6.0
1.4
-.4
2 .6
2.3

10.2
2.6
4.3
3 .4

9.2
4.9
-1.6
3.3
2.6

4.4
1 .0
1.7
1 .8

.1
- 7.7
1 .2
1 .6

8.o
6. 1
_
1. s
1.3

13.7
11.6
1.3
.R

1 2 .2
9.7
*
1 .1
1.4

10
11
12
13
14

OTHER CR. EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OPEN-MARKET PAPER
SECURITY CREDIT

20.7
4. 6
16.6
-.5
.1

13.3
2 .6
9.1
1.6
.5

11.7
1.8
7.5
2.4
1.5

19. 5
4.9
15.7
-1 .1
1.3

20 . 2
3.3
16 .4
.5
-1 . 2

2 1.0
3.7
17.3
-.1
-5.9

28 .5
3.7
24.3
.5
2.2

14.6
2.5
12.2
*
- 2.6

1 fc. 5
3.1
11 .7
1 .6
1.4

3. 6
1.0
3.1
-.S
-. q

1 0.9
2.2
4.3
4.4
-5.7

16 .?
2 .6
12.n
1 .?
7. Q

15
16
17
18
19

.7
.7

1. 9
1.4

1.7
1.2

2.1
1.9

.6
.4
2.3

1 .0
-.2
*

.7
3.2
4. 0

.4
-.8
1.5

.3
- .7
3.3

.5
4. 2
.2

-.1
-1.3
3.7

29.2
5.6
- 1 .0
6.6

18.9
.3
-.5
.8

38.2
11.3
.2
11.1

41.4
9.3
- .2
9.5

14.9
3.3
-.1
3.4

9.2
-11.3
-6.2
-5.1

34.1
4.2
2.3
2.0

5.9
.8
1.4
-.6

10.6
17.6
1 .9
15.7

1 5. 6
-3. 3
2. 2
-5.4

28.3
-1.9
5.6
-7.5

*4. 7
2 .2
-.2
2.4

20.0
3. 8
16.2

13.3
-.8
14. 0

23.8
4 .7
19.1

20.6
2.5
18 .1

-1 1 . 0
-12.0
1 .0

-6 . 8
-16.7
9.9

-7.9
-15.4
7.5

-21.5
-12.3
-9.2

-7. 8
-3. 5
-4.3

12.8
*5.3
7. 5

26.6
7.6
1 9. 1

65. 7 27
32.4 29
33.2 29

-.4
-.1
■.8
-.1
3.3
.3
3.1

.3
.1
.1
*
5.0
2.7
2.3

*
*
.2
♦
2.9
.2
2.7

1.0
*
.2
-.2
10.5
1.8
8 .7

♦
*
.6
.1
4.2
.2
17.5
7.0
9.6

-3.8
.9
1.0
.1
.8
*
28.2
14.3
12.3

-.3
.5
.7
.3
4.2
.6
31.7
14.5
13.7

3.2
.2
.4
*
5.0
.3
17.5
4 .4
11.5

.6
-1.6
.3
-.1
6 .9
-.1
-5.3
-5.3
3.0

2.4
-.3
.5
.2
8.9
.9
-6.5
-2. 7
-4.2

-3.1
.2
-.1
*
4.1
.1
2.3
-1.7
3.6

.4

.8

.2

.5

.4

.7

-. 5

1.2

.3

.3

.4

LOANS TO AFFILIATE BANKS
VAULT CASH ♦ M EM . BK .R ES .
MISC. ASSETS
NET INCREASE IN LIABILITIES
DEMAND DEPOSITS, NET
U.S. GOVERNMENT
OTHER
27
28

35
36
37

39

T I M E D E P O SI T S
L A RGE N E G . C D ' S
OTHER
F . R . F L OAT
BORROWING A T F . R . BANKS
LOANS FROM A F F I L I A T E S
BANK S E C U R I T Y I S SU E S
COMMERCIAL PAPER I S S U E S
P R O F I T T AX L I A B I L I T I E S
M I SC EL LA NE OUS L I A B I L I T I E S
L I A B . TO F G N . BRANCHES
OTHER
DI SCRE PAN CY
II.

AMOUNTS I NC LU OE O I N PART

1
2
3
4

NET A C Q U I S . OF FI NAN, . A S S ET S
BANK LOANS N . E . C . I '
LOANS T O A F F I L I A T E BANKS
M I SC EL LA NE OUS A S S ET S

~

-

-

5
6
7

NET I N CR E A S E IN L I A B I L I T I E S
COMMERCIAL PAPER I S S U E S - '
MI SC EL LA NE OUS L I A B I L I T I E S

“
“

-

"
“
“

I I 1 / 7 0 D A TA ARE BASEO ON P R EL I M I N AR Y

]/

I NF OR MA TI O N

-.3 20
7 21
3. 7 2 ?

.6
1 .4
-.3
-11.5
.6
-3.9
-3 .6
4.8

23
74
25
26

30
31
32
33
34
35
36
37
39

-. 3 39

ABOVE FOR HOLOI NG COMPANI ES AND A F F I L I A T E S

~

5.1
3.8
.6
.7

2.4
1.4
1 .0
~

7.7
7.0
.7
_

6.6
6.2
.4

3.8
.7
.3
2.8

9.2
11. 5
.5
- 2.8

4.6
4.7
-.1
*

-11.7
-11.4
-.3
-

1
2
3
4

~

5.1
4.2
.9

2.4
.8
1 .6

7.7
4.2
3.5

6.6
5.0
1.5

3.8
6.9
-3.0

9.2
8.9
.3

4.6
4.1
.5

-11.7
-11.5
-.2

5
5
7

S UB JE C T TO R E V I S I O N .

Federal Reserve Bulletin. October 1970, page A32.




I.

*

I,

5
6
7
9
9

5 NOVEMBER 1970
NONBANK FINANCE SUMMARY

NONBANK FINANCE SUMMARY

9

SECTOR STATEMENTS OF SAVING ANO INVESTMENT
(BILLIONS OF OOLLARS)

9

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
YEAR TOTALS
19 65

1 966

19 67

I
1968

1969

|

1969
I

P RI VA T E NON BANK FI NANC IA L I N S T I T U T I O N S

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

CURRENT SURPLUS
P HY S I C A L I NVES TME NT
NET A C Q U I S . OF F I N A N . A SS ET S
DEM. D E P O S I T S + CURR.
T I M E D E P O S I T S ( MS B)
S V G S. + LOAN SHARES (CR U)
CREDIT MKT. I N S T R .
U . S . GOVT. S E C U R I T I E S
S T A T E ♦ LOCAL O B L I G .
CORPORATE + F GN. BONDS
CORPORATE STOCKS
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER C R E D I T
OTHER LOANS
SEC UR ITY CREDIT
TRADE C R E D I T
M IS CE LL ANE OUS A SS ET S
NET I NCRE AS E I N L I A B I L I T I E S
T I M E ♦ S VG S. ACCOUNTS
I NSURANCE AND P EN S IO N RES.
C R E O I T M KT. I N S T R .
F IN A N C E CO. BONDS
I NVES TME NT CO. SHARES
M TG . LOANS I N PROCESS
BANK LOANS N . E . C .
OTHER LOANS
F I N A NC E CO. PAPER
FHLB LOANS
S ECURITY CREDIT
T A X ES PAYABLE
M I SC EL LA NE OUS L I A B I L I T I E S
DI SCRE PANCY

-

|
III

IV

|

1970
I

II

III

TOTAL

-.3
.8

-2 .7
.8

.4
.8

4>
.9

1.1
.9

.1
.9

.4
.9

. 7
1. 0

1
2

48.0
.3
-.1
*
4 9 .3
-. 5
1. 0
7.2
12.8
9.4
6 .3
4.2
9.0

37.9
-1 .5
-.2
.3
4 4 .1
-3 .1
.2
7 .9
10 .2
10.8
6.2
4.4
7.6

5 6 .5
1.0
-.2
-.6
5 6 .8
4.4
.4
8.2
12.7
1 1 .2
6.5
5.3
8.2

4 9 .6
.1

4 8 .7
1 .8

-.1
5 3 .2
- 3 .3
2.1
10.8
1 3 .0
7.4
6.8
3 .6
1 2 .8

.3
43. 8
-.1
1.0
I .8
1 5 .3
8.1
5.9
4 .3
7.4

33.0
.8
1.0
3 4 .3
.1
1.2
2.8
1 5 .8
1 .7
6. 4
2.3
4.0

3 9 .6
.3
.4
4 0 .5
3. 5
-.2
1 0 .0
8.7
4.7
7.5
2.2
4.3

6 8 .7
-.2
.3
6 4 .3
14 .8
1.6
14. 9
10. 8
11.8
7.6
2.4
.4

3
4
5
6
7
8
9
10
11
12
13
14
15

2.0
.3
.9

-2 .6
.3
.7

-6 .3
.3
1.1

- .6
.3
-.2

-5 .2
.3
1.2

1.8
.3
.7

-4 .6
.3
1.2

-4 .9
.3
3.1

44. 7
17.0
18.7
1.7
1.0
2.6
1.0
-2 .1
-.7
1.8
-2 .5

4 8 .6
1 2.4
18.2
1 1 .4
.8
4 .7
.2
2.3
3 .3
2.5
.9

49 . 4
8.0
1 8 .7
18.0
1.6
5.6
4c
2.1
8.6
4.6
4.0

4 3 .3
13 .4
16 .7
15 .9
1.4
7.6
.7
1.0
5.2
2.3
2.9

5 6 .0
8.5
18.6
19.7
2.2
4. 7
.3
4.8
7.7
4.6
3.1

5 1.9
5.8
22 .2
22 .0
1.4
6.1
-.4
.7
1 4 .2
8.9
5.3

4 6 .4
4.2
17 .3
1 4 .3
1.3
4.2
-.7
2.1
7. 3
2.6
4.8

32.8
5.1
1 8.6
4.0
1.3
2.1
-1 .2
-4 .6
6 .4
2 .1
4. 4

39 .4
15.7
16.5
6.8
2.3
3.3

2.1
-.1
5.2

2.0
*
4.6

-2 .2
.1
6.9

-9 .4
.1
6.6

1. 8
4>
7.5

-4 .5
.2
6.1

3.4
4c
7 .2

-.3
.1
5.3

-1 .3

.3

1 .9

-.9

1.4

-2 .0

-1 .1

1.6
.5

1.3
.6

-.1
.8

4 1 .3
.3
*
*
39. 0
-.1
-.5
7 .4
5.7
1 2 .0
7. 8
3 .8
2.9

3 4 .9
-.1
*
-.2
3 3 .2
.4
. 8
8. 0
5.9
5 .1
6. 8
2 .9
3.3

4 4 .4
1.0
*
.3
3 7 .1
-.9
1.2
11.0
9.0
8.0
6.8
1.4
.6

49 .0
1.0
.1
-.2
4 4.9
1.6
1 .0
9.4
9.8
8 .6
7.1
3.8
3.7

.2
.2
1. 7

-.1
.2
2. 0

2.8
.3
2 .9

40 .6
13.1
15 .7
9.1
1.9
3.1
*
2 .4
1 .7
1.0
.7

34 .7
7.0
16.7
6. 6
.8
3.7
-.9
-1 .3
4.3
3.4
. 9

*
.2
2. 6

.6
*
3.8

.2

.8

1.4
.4

II

. 9

-

-

. 4 16
. 3 17
3 . 5 18
6 9.3
2 2 .3
2 0 .2
1 1 .7
1.6
4. 6
1. 6
7.2
-3 .2
-3 .5
.3

19
20
21
22
23
24
25
26
27
28
29

-7 .9
-.1
8.5

9 .6
.1
6.4

30
31
32

-.7

.3

33

-

-.1
1.2
.4
.8

S AVI NGS AND LOAN A S S O CI A TI ON S

1

CURRENT SURPLUS

1.0

. 9

.9

1.0

1.1

1.1

1.1

1.1

1.0

1.0

1.1

1.1

1

2
3
4

9

N E T A C Q. OF F I N A N . A S S E T S
OEM AND D E P O S I T S ♦ CURRENC
C R E D I T M KT. I N S T R .
U . S . G O VT . S E C U R I T I E S
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER C R E D I T
MISC. FIN ANCIA L TRANS.

10.2
4>
9.6
.5
7.1
1.9
.1
.6

4.6
-.5
4.2
.4
2.9
.9
*
. 9

9 .7
-.3
9.2
1.6
6 .0
1.5
*
.8

9.3
-.4
10 .0
.6
7.2
2.1
.1
-.3

9.4
-.2
1 3.0
.4
8.0
1.5
*
-.4

12 .8
-.1
1 2 .6
1.9
9 .1
1.7
4<
.3

10.1
-.5
11 .7
.4
9 .5
1.7
.1
-1 .2

8.2
*
8.8
-.1
7.4
1.6
*
-.6

6. 5
*
6.8
-.4
6.1
1.2
-.1
- .3

5.6
.2
4. 6
.3
3 .0
1.3
-.1
. 8

1 2.8
10.2
3.1
4.9
2.2
.1
2.6

17.8
.1
1 5 .6
2.8
10. 1
2.7
*
2.1

2
3
4
5
6
7
8
9

10
11
12
13
14
15
16

NET I N CRE AS E IN L I A B I L I T I E S
S AVI NGS SHARES
CREDIT MKT. IN ST R .
M T G . LOANS IN PROCESS
BORROWING FROM FHLB
BANK LOANS N . E . C .
M I SC EL LA NE OUS L I A B I L I T I E S

9.4
8.5
.8
*
.7
.2
.1

4. 0
3.6
.1
-.9
. 9
.1
.3

9.3
1 0 .7
-1 .7
1.0
-2 .5
-.2
.3

8.5
7.3
1.1
.2
.9
.1
.1

8 .5
4.0
4.1
4>
4.0
.1
.3

12 .3
8.0
3.2
.7
2.9
-.4
1.1

9.1
4 .6
3.6
.3
3.1
.2
.9

7.5
3.0
5.1
- .4
5.3
.2
-.6

5.0
.5
4.6
-.7
4.8
.5
4c

4.9
1.8
2.5
-1 .2
4.4
-.7
.6

11.9
9.8
.8
.8
*
1.3

17. 0
1 5 .5
1.7
1.6
.3
-.2
-.2

10
11
12
13
14
15
16

.3
.9

.5
-2 .9

.2
.9

.2
4 .4

.5
3.4

.1
3. 8

.4
5 .6

-.4
4.8

.4
4.5

.1
.2

7

17
18

DI SCREPANCY
MEMOFH L B LO AN S L E S S D EP.

.2
.8

. 3 17
- 1 . 0 18

MUTUAL S AVI NG S BANKS

1
2
3
4
5
6
7
8
9
10

11
12
13
14

C URRE NT SURPLUS
NET A C Q. OF F I N A N C I A L A S S E T
DEM. D E P O S I T S ♦ CURR.
TIM E OEPOSITS
CREOIT MKT. IN STR.
U . S . G O VT . S E C U R I T I E S
S T A T E ♦ LOCAL G O V T . S E C .
CORPORATE BONOS
CORPORATE STOCKS
HOME MORTGAGES

OTHER MORTGAGES

CONSUMER C R E D I T
OTHER LOANS

MISCELLANEOUS ASSETS

15
16

S AV I N G S O E P O S I T S

17

DI SCRE PANCY

MISCELLANEOUS LIABILITIES

.3
4.0
*
*
3.9
-.3
-.1
-.1
.2
2.7
1. 4

.2
2. 8
*

*
2.7
-.5
-.1
.3

*

1.6

.1
*
.1

1.1
.1
.1
.1

3.6

2.6

.1

*

*

*

.1

.2

.3

.2

.3

5.4
*
*
5 .2
-.3
*
2.1
.2
1.8
1 .4

4.6
-.1
.1
4.3
-.3
*
1.4
.3
1.4
1.4

3.1
-.1
3 .0
-.5

4.8
-.1
-.2
4.9
.3

.3
.3
1 .4

.8
.3
1.6

3.5
.2
-.2
3.5
-.5
*
.8
.3
1.5

*
.1
.1

.2

.2

4>

4c

1.2
.2
.3
.1

4>

1.3
.2
.5
.2

1.2
.2
.1

.3

4c
1.4
-1 .0
*

ill

*

.3

.3

.3

.2

1

2.0
-.1
2.3
-.8

2.6
-.1
2.5
-. 6

5.2
.6
4.9
.6

-.2
.3
1.3

.9
.3
.3

1.7
.3

5 .9
.1
5.4
1.1
*
1.3
.3
1. 3

2
3
4
5
6
7
8
9
10

4c

l.l
1.0
.2
4c
-.3

2.4
.3

1.6
.2

4.3
.5

5.2 15
.3 16

1.0

-.6

-.1

-.1 17

1 .4

1.6
-.1
1.0
.7
.7

1.5
-.1
.4
1.2
1.2

1.5
4c
.3
1.3
1.3

•

•

*

1
2
3
4
5
6

1.6

1.5

1.5

7

3.8
.1

2.7
.5

*

-.7

-.1

1.4
-.1

.7
*

l.l
4c
-.2
1.2
1.2
4c

1.6
-.1
.3
1.4
1.3

1.3
-.1
-.1
1.5
1.4

♦

1.2
-.1
-.6
1.8
1.8
4>

*

-.1
.3
1.1
1.1
4>

1.2

1.1

1.4

1.6

1.2

1.3

1.4

4.1

*

-.1

.2

1.5

4c

.5
.3
.7
.2

1.2
.2
.2
-.2

2.6
.2

5.1
.1

4>

.9
.2
.4
.3

11
12
13
14

C R E O I T UNIONS

1
2
3
4
5
6

NET A C Q U I S . OF F I N A N . A SS E T
OE M. O E P O S I T S ♦ CURR.
SVGS. ♦ LOAN SHARES

7

CREOIT UNION SHARES

CREOIT MKT. INSTR.
CONSUMER CREOIT
HONE MORTGAGES

1.0
*
•

1.0
1.0
•

1.0

.8
*

-.2
1. 0
.9
.1
.8

1.2
.2
.3
.8

1 1 1 / 7 0 OAT A ARE BASED ON P R E L IM IN A R Y IN FO R M A TIO N S U B JE C T TO R E V I S I O N .




*

1.5
1.4
4c

5 NOVEMBER 1970
IN SU R AN C E ♦ P EN S IO N FUNOS

IN SURAN CE ♦ P EN S IO N FUNOS

10

SECTOR

STATEM ENTS O F S A V IN G AND IN V ES TM E N T
(B IL L IO N S OF D OLLA RS)

SEAS ONAL LY A D J U S T E D ANNUAL R AT E S

S EASONAL LY A D J US T ED ANNUAL RAT ES

1965

YEAR T O T A L S
1966
1967
1968
LIFE

1
2

10

|
1969 |

1969
I

II

III

CURRENT SURPLUS
P H Y SI C A L I NVES TM ENT

1.0
.4

1.1
.5

.8
.6

.6
.8

.6
.8

.6
.8

.6
.8

.6
.9

3
4
5
6
7
8
9
10
11
12
13

NET A C Q U I S . O F F I N A N . AS S ET S
OEM. D E P O S I T S ♦ C URR.
C R E D I T MKT. I NS T RU ME NT S
U . S . GOVT. S E C U R I T I E S
S T A T E AND LO CA L O B L I G .
CORPORATE BOM OS
CORPORATE STOCK
HOME MORTGAGES
OTHER MORTGAGES
OTHER LOANS
M IS CE L LA NE O US A S S E T S

8. 7
*
8.2
-.4
-.3
2.8
.7
1.1
3.8
.6
. 5

8.3
*
8.1
-.3
-.4
2.4
.3
.6
4.0
1.5
.2

9.4
*
8.4
-.3
-.1
3.8
1.1
-.5
3.4
1.0
.9

9 .3
.1
8.6
-.2
*
3 .8
1.4
-.7
3.2
1.1
.6

8.9
-.1
8 .5
-.5
.2
1.9
1.6
-1 .0
3.1
3.2
.5

9.1
*
8.6
-.9
.2
2 .9
1.9
-.7
2.7
2.5
.5

8.8
-.4
8.6
-.3
.1
2.7
1.8
-. 6
2.9
2 .0
.5

9.6
-.4
9. 6
-.7
.5
2.1
l.l
-.8
3.2
4. 2
.4

14
15
16
17

NET

7.9
4.7
2.1
1. 2

7. 9
4.5
2.1
1.2

9 .0
4. 7
2.6
1 .8

9.1
4.6
2.9
1. 5

9.4
4.5
3 .0
1 .8

10 .5
5.3
3.4
1.8

8.1
3. 7
2.6
I .9

18

DI S CR E PA NC Y

-.3

.1

-.1

-.4

.2

1.1

P RI VA TE

PEN SI ON FUNOS

6.7
.4
5.4
-.6
.9
5.0
.1
.8

6 .4
.3
5.8
.5
.7
4.7
*
.2

3.9
-1 .6
5.7
.5
-.8
5. 8
.1
-.2

1
2
3
4
5
6
7
8

I N CRE AS E I N L I A B I L I T I E S
L I F E I NSURANCE RESERVES
P EN S IO N FUND RESERVES
OTHER L I A B I L I T I E S

NET ACQ. OF F I N A N . AS S ET S
OEM. D E P O S I T S ♦ C URR.
C R E D I T MKT. I NS T RUM EN TS
U . S . GOVT. S E C U R I TI E S
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
M I SC EL LA NE OUS

5.6
*
5.2
*
1.5
3.1
. 6
.3

STAT E

1
2
3
4
5
6
7
8
9
10
11
12

NET A C Q . O F F I N A N . A SS ET S
DEMAND D E P . AND CURRENCY
C R E D I T M K T. INST RUMENTS
U . S . G O V T . SEC UR I T I E S
DIRECT
U . S . G . AGENCY SEC .
S T A T E ♦ LOCAL O B L I G A T I O N
OTHER C R . M K T . I NST RUMENTS
CORPORATE BONOS
CORPORATE STOCK
MORTGAGES
OTHER

3.3
♦
3.3
.4
.2
.2
-.3
3.2
2.1
. 4
.7
.1

6.1
*
5. 5
-.5
1.9
3.7
.5
.6

♦ LOCAL G O VT .

4.0
.1
3.8
.2
.1
.1
-.1
3.8
2 .5
.5
.8
.1

IV

|
|

I

1970
II

III

INSURANCE COMPANIES

6.2
-.1
6.2
.3
.5
5.4
.1
.1

EMPLOYEE RE TI REMENT

4.6
.1
4.5
*
-.2
.2
-.1
4 .6
3.4
.7
.5
.1
OTHER

4.3
.1
4.1
*
-.4
.4
-.1
4.1
2.4
1.3
.4
.1

5.0
-.1
5.0
-.1
-.3
.2
-.1
5.2
3.0
1 .8
.4
.1

.6
.9

.7
.9

.7
.9

.7
1.0

1
2

8. 2
.6
7.1
-.3
.2
- .3
1.7
-1 .9
3 .4
4. 2
.5

9. 5
. 5
8.6
-.1
-.2
-.5
2. 2
- 1.3
4.0
4 .4
. 5

10. 1
.2
9 .3
.3
-.1
2.4
2.3
-1 .2
3.7
1 .9
.5

9.7
-1 .5
10. 6
. 5
- . 1
4.3
I.?
-1 . 1
3.4
2.3
.5

3
4
5
6
7
8
9
1*
11
12
13

9.4
4.5
3.0
1.8

9.5
4.4
3.1
1. 9

9 .6
4.4
3. 1
2. 0

9.7
4.5
3.1
2.3

9. 8
4. 5
3.1
2.2

14
15
16
17

-.9

-.4

1.0

-.?

-.6

- . 1 18

7.0
1.6
5. 5
.1
.7
4. 8
-.1
-.1

7 .7
-.6
8.0
1.9
1.3
4.5
.2
.4

6.3
.4
5.6
-1 .5
. 6
6 .4
.1
.3

6. 6
. 3
6 .«
-.4
1.8
5. 2
. 2
-.5

5. 0
-.3
5. ?
.2
.9
3. 8
.2
.1

6.6
.1
6. 2
. 5
1.6
3. 8
. 3
.4

5.3
- .6
5.8
-.4
-.4
.1
-.2
6.3
3 .9
2.0
.4
.1

7.0
. 5
6.4
.4
*
.4
-.1
6.1
3.4
1. 9
. 8
.1

3.5
-.1
3.5
.5
.5
. 1
-.1
3.1
1.1
2.1
-.1
. 1

4.4
-.3
4. 6
1
-.2
.1
-.2
4. 9
2.4
2. 1
.4
. 1

4.0
*
3.8
-.4
-.5
.1
- .1
4.3
2. 9
1.0
.5
.1

6. 0
1
.2
2
5 .7
3
.4
4
1
5
. 5 6
1 7
5 .4
9
3. 7 9
1 . 2 10
. 4 11
. 2 12

1
2
3
4
5
S
7
8

FUNDS

4.1
-.2
4.2
-1 .0
-1 .3
.3
-.1
5.2
3. 6
1.2
.4
.1

I NSURANCE COMPANIES

C URRENT SURPLUS

-.1

.5

.4

.1

-.1

-.1

-.1

-.1

*

-.1

-.1

-. 1

2
3
4
5
6
7
8
9
10

N ET AC Q. OF F I N A N . A SS ET S
DEMAND D E P O S I T S ♦ CURRENC
C R E D I T M KT. I N ST RUMEN TS
U . S . GOVT. S E C U R ITIE S
S T A T E AND LOCAL O B L I G .
CORPORATE BONOS
CORPORATE STOCK
COMMERCIAL MORTGAGES
T RA DE C R E D I T

1.2
-.1
1.1
*
.4
.6
.1
*
.2

2.1
*
1.9
-.4
1.3
.6
.4
*
.2

2 .3
*
2.1
-.7
1 .4
.7
.6
*
.3

3.4
.1
3.0
-.3
1.0
1.2
l.l
*
.3

3 .0
*
2.6
-.5
1.0
1.1
1. 0
*
.3

2.2
*
1.9
-.4
.9
.2
1.1
*
.3

3.0
*
2.7
1.0
.5
*
1.2
*
.3

3.3
-.1
3.0
-2 .1
1.7
3. 1
.3
*
.3

3.3
*
2.9
-.3
. 9
1.0
1 .3
♦
.3

3.0
*
2. 7
*
.7
. 6
1. 4
.1
.3

3.1
*
2.7
*
.6
.8
1 .1
.1
.3

3.1
2
*
3
4
2.8
*
5
.9
6
.7
7
8
I. 1
9
.1
.3 10

11
12

N ET I N CR E AS E
DI S CRE PAN CY

1.6
.3

1.8
.1

2.1
.2

2.3
-1 .3

2.7
3

2.7
.4

2.7
-.4

2.8
-.6

2.8
- .5

3.1
*

?.9
-.2

3.2

1

IN L I A B I L I T I E S

1 1 1/70 DATA ARE BASED ON P R ELIM IN A R Y




IN FO R M ATIO N S U B JE C T TO R E V IS IO N .

1

11
12

5 NOVEMBER 1 970
FIN A N C E N . E . C . ♦ FOREIGN

FIN A N C E

N . E . C . ♦ FOREIGN

SECTOR S TATEM EN TS OF S AVIN G AND IN VESTM ENT
(B I L L I O N S OF DOLLARS)
SEASONALLY A O JU ST E D ANNUAL RAT ES

1

S EA SO N AL L Y A D J U ST E D ANNUAL RATES

CURRENT SURPLUS OF GROUP

1965

1966

-.7

-1 .1

YEAR T O T AL S
1 967
1968

-1 .0

-2 .0

1969

-2 .1

1969

1
1

II

III

IV

-4 .5

-1 .5

-1 .8

-.7

I

11
|1

1 9 70
II

III

-1 .8

-1 .5

-1 .3

1

2. 7

I

FI NANCE COMPANIES
1
2
3
4
5

NET AC Q . OF F I N A N . AS S ET S
DEMANO D E P . * CURRENCY
HOME MORTGAGES
CONSUMER C R E D I T
OTHER LOANS ( T O B U S . )
5
CORPORATE BONDS
BANK LO AN S N . E . C .
OPEN MARKET PAPER

5.4
.2
.5
2 .6
2.0

2.6
.2
-.6
1.8
1.2

.9
.2
.4
.6
-.4

5.5
.2
.6
2.4
2.2

8.1
.3
. 8
2.6
4.3

4.9
.3
.7
2.9
1.0

11.1
.3
.8
3.2
6.8

8.5
.3
- .5
2.1
6.7

8.5
.3
2.3
3.1
2.7

.2
.3
-.7
1.5
-.8

-.4
.7
2 .4

5.3
.3
1.3
.9
2. 8

1
2
3
4
5

5.2
1.9
2.2
1.0

2.8
.8
-1 .4
3.4

.9
1.0
-2 .0
1.8

5.5
. 8
2.3
2.5

8.2
1.6
2.0
4.6

5.1
1.4
1.4
2.3

1 1 .4
2 .2
4.6
4 .6

10.8
1.4
.5
8.9

5.5
1.3
1.6
2.6

-.6
1.3
-3 .9
2. 1

2.7
2.3
*
.4

5.4
1.6
7.3
-3 .5

6
7
8
9

SECURITY

NET AC Q. OF F I N A N . A SS ET S
DEMAND DEP. ♦ CURRENCY
U . S . GOVT. S E C U R I TI E S
OTHER S E C U R I T I E S
S EC U R I T Y C R E D I T

.1
.1
-.3
-.1
. 5

NET I N C R . IN L I A B . - S E C . CR
FROM BANKS
FROM A G . OF F G N . BANKS
CUSTOMER C R E D I T B ALANCES

*
-.3
-.3
.5

_

BROKERS AND DEALERS

.7
.1
.7
.1
-.2

2.4
.2
-.8
.1
2 .8

2.4
.4
.8
-.9
2. 3

-2 .0
.3
*
.4
-2 . 6

-9 .2
.3
-3 .3
.3
-6 .5

2 .0
.3
3.0
- .9
-.5

-4 .3
.3
-2 .7
3.4
-5 .2

3 .6
.2
2.9
-1 .4
1. 8

-.4
.2
2.5
1 .7
-4 . 8

-7 .7
*
-4 .6
1.7
-4 . 7

8.6
*
3 .7
4.5
.4

1
2
3
4
5

.6
.6
.1
*

2.1
.9
1.2

2.0
1.0
1.0

-2 .2
- 1 .2
-1 .0

-9 .4
- 7 .7
.2
-1 .9

1.8
2.8
-.2
-.9

-4 .5
-2 .3
*
-2.2

3.4
2.4
1.0

-.3
1.1
.2
-1 .6

-7 .9
-5 .8
-.2
-1 .9

8.6
7. 5
*
1.0

5
7
8
9

-1 .7

-2 .0

-

OP EN - EN D I NVES TME NT COMPANI ES
CURRENT SURPLUS

-1 .1

-1 .2

NET ACQ. OF F I N A N . A S S ET S
DEM. D E P O S I T S ♦ C URR.
C R E O I T MKT. I N S T R .
U . S . GOVT. S EC U R ITIE S
CORPORATE BONDS
CORPORATE STOCKS
COMMERCI AL PAPER

2.0
.1
2.0
*
.4
1. 2
.3

2.5
♦
2. 5
.6
.4
1. 0
. 5

N ET STOCK I S S U ES

3 .1

3.7

-1 .5

-2 .2

-2 .3

—4 . 8

-. 8

-1 . 8

-1 .6

-1 .4

1

l.l
.2
.9
-.5
*
1.5
*

2.5
.1
2.4
.2
.4
1.5
.3

3.3
-.1
3.4
-.5
.2
2.5
1.2

2.8
-.1
2. 9
-.7
.5
-.7
3.8

3.0
-.1
3. 1
*
.5
3.1
-.4

4.1
-.1
4. 1
.2
- .6
3.3
1.3

3.4
*
3.4
-1 .3
. 3
4.3
.2

. 2
*
.3
-.9
-2 .9
4. 2
-.1

1.7
-.5
2.2
3. 0
*
-1 .1
.3

3.2
. 4
2 .8
5.5
1.5
1.4
-5 .5

2
3
4
5
6
7
8

2.6

4.7

5.6

7.6

4.7

6.1

4.2

2.1

3.3

4.6

9

1. 1
.2
. 8
~

.4
*
.3
.2

.8
.2
1. 1
-.2

1.5
.3
.8
*

1.6
.4
1.2
-

-.7
-.2
-. 6
.2

1.1
.2
1.4
-.2

.9
.1
.3
*

1
2
3
4

1.1

.4

.8

1.5

1.6

-.7

1 .1

. 9

5

AGENCI ES OF FORE IGN BANKS
1
2
3
4

N ET A C Q U I S . OF F I N A N . A S S ET S
DEM. D E P O S I T S ♦ C URR.
U . S . G OV T. S E C U R I T I E S
S EC URITY CREDIT

-.5
-.1
-.1
-.3

.2
*
.1
.1

. 5
.1
.6
~

D E P O SI T

- .5

.2

.5

LIA B ILITIES

.2
*
.1
~
.2
REST OF

THE WORLD

1
2
3
4
5

NET U . S . E X P O R T S
U.S .EXP OR TS
U . S . IMPORTS
TRANSFER R E C E I P T S FROM U . S .
CURRENT ACCOUNT BALANCE

6.9
39.2
32 .3
2.8
-4 .1

5.3
4 3 .4
3 8.1
2.8
-2 .4

5.2
4 6 .2
41 .0
3.0
-2 .2

2.5
5 0 .6
4 8 .1
2.8
.3

2.0
5 5 .5
5 3 .6
2.8
.9

1.3
4 7 .8
4 6 .5
2 .4
1.1

1.3
57.2
5 5 .9
3. 2
2.0

2.6
58 .3
5 5 .6
2.8
.1

2.6
58. 8
5 6 .2
2.9
.3

3. 5
6 1 .1
5 7 .6
2.8
-. 7

4.1
62.8
58.7
3.0
-1.1

6

NET F I N A N C I A L I N V ES T ME NT
NET A C Q U I S . OF F I N A N . A S S E T
GOLD + S D R ' S
U . S . DEM. DEP. AND CURREN
TIM E DEPOSITS

-3 .7
1.9
1.7
.3
.6

-2 .0
3 .3
.6
-1 . 0
.8

-1 .1
7.6
1.2
.6
1.4

1.2
8.3
1.2
-.2
*

3 .7
10.1
-1 .0
.2
1.2

5 .4
13.8
.2
.2
- .4

5.7
14.9
-1 .3
*
-1 .4

4. 0
1 2.3
*
.7
. 7

-.4
-.6
-2 . 8
- .2
6.0

-.5
8.2
-.4
. 6
3.7

-.2
3.9
-.1
-. 6
-2 .4

-.9
6
2.5
7
1.4
8
-.4
9
- . 4 10

C R E D I T M K T . I NST RUMENTS
U . S . G O VT . S E C U R I T I E S
U . S . CORPORATE BONDSl/
U . S . CORPORATE SHARES
ACCEPTANCES

-.3
-.2
-.1
-.4
.4

-1 .8
-2 .4
.6
-.3
.3

2.8
2. 1
-.1
.7
.2

2.3
-.5
.3
2.0
.6

1.9
-1 .1
.5
1. 5
1.0

-1 .5
-6 .2
.9
3 .0
.8

1.3
-1 .1
.2
.5
1.7

6.0
3.6
4c
.7
1.7

2. 1
-. 5
.8
1.9
-.2

8. 1
6. 7
.9
-.3
.8

9.4
8.5
.6
-.5
.8

7 . 8 11
5 . 5 12
. 1 13
. 8 14
. 3 15

OTHER

7
8
9
10
11
12
13
14
15
16

1
2
3
4
5

A S S E T S ! 1)

-.3

4.7

1.6

5.1

7. 7

15.3

16 .3

4.9

- 5. 6

-3 . 8

-2 .3

-5 .9

16

18

NET I N CRE AS E IN L I A B I L I T I E S
O F F I C I A L U . S . F G N . EXCHAN

5.6
.4

5. 3
*

8.7
1.1

7.1
2. 1

6.5
.3

8 .5
.4

9. 3
-.1

8.3
2.8

- .2
-1 .9

8. 7
-2 .3

4. 1
-4 .2

3.4
-1 .7

17
18

19
20
21
22
23

C R E O I T M K T. I NST RUM EN TS
SECURITIES
BANK LOANS N . E . C .
OTHER LOANS
OTHER L I A B I L I T I E S ( 2 )

2.6
.8
.4
1.5
2.5

1. 5
.5
-.2
1.2
3.8

4.1
1.3
-.2
3.0
3.5

3 .0
1.3
-.3
2.0
2.1

3.5
1.4
-.3
2.4
2.7

4.2
1.4
.3
2.4
3 .8

5.5
1.6
.5
3.4
3.9

2.4
2.0
-1 .4
1.8
3.1

2.1
. 5
- .5
2.0
-.3

2.7
.7
.8
1.2
8.3

1 .6
-.4
-.4
2.4
6.8

-.3

-.4

-2 .8

-4 .2

-3 .7

-3 .9

. 6

-.2

-.9

17

24

FINANC IAL

4.7
6 3 .5
5 8 .8
2.9
-1 .8

DI SCRE PANCY

-1 .1

-.9

Trade credit, security credit, foreign branch claims on U.S. banks, deposits at U.S. agencies
of foreign banks, direct investment in U.S., and unallocated assets.
Mainly U. S. direct investment abroad, Excludes direct investment financed by foreign
security issues.
Excludes foreign security issues by U.S. corporations to finance direct investment abroad.
111/70 data are based on preliminary information subject to revision.




. 6 19
1 . 3 2D
- 1 . 2 ?1
. 4 22
4 . 5 23
-.9

24

5 NOVEMBER 1970
MONETARY AND IN SU RAN CE RESERVES

MONETARY ANO INSURANCE RESERVES

G OLD, O F F I C I A L FOR E IG N EXCHANGE* TREASURY CURRENCY,
( B I L L I O N S OF DOLLARS)
S EASONAL LY A D JU S T E D ANNUAL

SEASONALLY ADJUSTED ANNUAL RATES

RAT ES

1965

1966

YEAR T OTAL S
1967
1968

GOLD AND O F F I C I A L

I.

GOLD + S P E C I A L

-1 .7
4c
-1 .7

4 MEMO— T O T A L WORLD GOLD STOCK
U.S.

FOREI GN

1969

1
|

1969
I

II

III

IV

1
I

I

1 970
II

Ill

F OR E IG N EXCHANGE H OL DI NGS

DRAWING R I G H T S

1 U . S . GOLD STOCK AND S D R ' S ( 1 )
2
U . S . G O V T . ( E X . S T A B . F U ND )
3
MONETARY A U T H O R I T I E S ( 2 )

II.

ANO I NSURANCE RESERVES

*
*

-.6
*
- .6

-1 .2
*
-1 .2

-1 .2
.4
-1 .6

1.0
1. 0
-

-.2
-.2
-

1.3
1.3

*

-1 .6

-.9

.1

.6

-.3

-.3

.2

2. 8
2.8

.4
-3 . 6
4.0

.1
.1

-1 .4
-. 4
-1 .0

1
2

. 5

.8

.1

-.2

4

-1 .7

-

EXCHANGE P O S I T I O N

5 T O T A L U . S . P O S I T I ON

.4

*

1.1

2.1

.3

.4

-.1

2. 8

-1 .9

-2 .3

-4 .2

6
7
8

O F F I C I A L F G N . CURRENCY HLDGS
TREASURY
FEDERAL RESERVE

.3
*
.3

.5
.3
.2

1.0
.3
.7

1.2
.7
.5

-.7
-.7
-.1

.3
.3
*

-1 .0
-.1
-.9

1.8
-.2
2.0

-4. 1
-2 . 6
- 1.5

-3 .3
1
-3 . 2

-3 .3
-1 .4
-1 .9

9
10
11
12

N ET I MF P O S I T I O N
C AP ITAL SUBSCRIPTION
L E S S - I M F NOTES
IMF D E P O S I T S AT F . R .

.1
.3
.2
*

-.5
-.3
.2
*

.1
-.7
-.8
*

.9
-.2
-1 .1
*

1.0
*
-1. 0
*

.1
- 3 .9
-4 .0
~

.9
.9
*

1.0
1.0
*

2.1
2. 1
*

1.0
1.0
*

-.9
- .9
*

.7
.5
.2

.4
.2
.2

.3
*
.2

.2
. 1
.1

•2
-.4
.6

.1
.2
*

. 5
.3
.3

1.9
1.9

.1
. 3

.3
.3
*

III.

5
6
r
8

-1 .6
9
- 1 . 6 10
11
- . 1 12

TREASURY CURRENCY AND SDR C E R T I F I C A T E S

13 T O T A L U . S . G O V T . L I A B I L I T Y
14 MONETARY A U T H O R I T I E S AS S ET
15 U N A L L O C A T E D AS S ET

.9
.7
.2

.2
.2
.1

I NSURANCE AND P E N S I C N F JND

LIFE

-. 1
-.1
*

RESERVES

I NSURANCE RESERVES—

1
2
3

N ET CHANGE IN L I A B I L I T I E S
U . S . GOVERNMENT
L I F E I NS URA NC E COMPANI ES

4.8
.1
4 .7

4.6
.1
4.5

4.8
.1
4.7

4.5
*
4.6

4.5
.1
4.5

5.3
*
5.3

3 .7
.1
3.7

4 .5
.1
4.5

4 .5
.1
4.4

4. 5
.1
4.4

4.6
.1
4.5

4.5
.1
4.5

4

N ET

4 .8

4.6

4.8

4 .5

4.5

5 .3

3.7

4.5

4.5

4.5

4.6

4. 5

15.8
1.6
14.2
3.0
6.2
5 .0

13.1
1.7
1 1 .4
3.4
3.9
4.1

16 .2
1.2
14.9
2.6
7 .0
5.3

20.0
2.3
17.8
3.0
7 .7
7.0

1 4 .0
1.2
12. 8
3. 1
6.3
3 .5

1 5 .5
1.4
14.1
3.1
6.6
4. 4

15 . 5
3.5
12.0
3 .1
5. 0
4.0

17. 3
1. 6
15.7
3.1
6.6
6.0

15.8

13 .1

16.2

?0.0

14.0

1 5 .5

15.5

17.3

I NCREASE I N A S S E T S
(HOUS EH OLD S)

P EN SI ON FUND RE SE RVE S—
5
6
7
8
9
10

NET CHANGE I N L I A B I L I T I E S
U . S . GOVERNMENT
INSURANCE SEC TOR
L I F E I NSU RAN CE COMPANI ES
P R I V A T E P ENSI ON FUNDS
S . + L . G O V T . R T R . FUNDS

1 2.3
1.3
11.0
2.1
5.6
3.3

13.4
1.3
1 2.2
2.1
6.1
4. 0

15 .3
1.3
14 .0
2.6
6.7
4.6

14.9
1.3
1 3.6
2.9
6.4
4.3

11

N ET

1 2 .3

13.4

1 5 .3

1 4 .9

I N CRE AS E I N A S S E T S
( H O US E H O L D S )

U Excludes initial allocation of SDR's in January 1970 of $867 million.

Transactions in SDR's are

in line 2.
2/ Treasury gold stock.
Ml/70 data are based on preliminary information subject to revision.




MONEY SUPPLY RELATIONSHIP
(Page 13)
Part
I

Line
I

2
3
4
5

6
7

7
8
9
10
II

III
5-9

Line 12 of top section of page 13.
Daily averages in this table are increments in month averages from last month
of preceding quarter to last month of this quarter.
I - 2.

5 + 6 + 7.
See Part II, line 5.
Part II, line 6 + Part III, line 4.
Part II, line 7 + Part III, line 5. "Seasonal" here means dollar excess of
seasonally adjusted flow over unadjusted flow.
Lines 2 + 8 + 9 of top section of page 13 at quarterly rate.
Differences between money-supply concept of demand deposits derived from last
preceding all-bank total (either last Wednesday of quarter or Cali Report)
and figure for that one day, e.g. March 25, 1970, derived from data going
into daily average statistics. Quarterly increments in this difference.
Difference between figure for period derived from daily-average data and
average for last month of quarter. Quarterly increments in this difference.
8 + 9 + 10 - II.
Difference in adjustment method: seasonal in daily average series (month
average) adjusted as flows less seasonal in published daily-average series.
Seasonal in F/F demand deposit (based on net change from last day of one
quarter to last day of next) less seasonal in daily average adjusted as flows.
Adjustment to seasonal needed as part of the balancing of all seasonally
adjusted sources and uses of funds in the flow-of-funds matrix.
Adjustment to allow for effects of intra-weekly seasonal influences on last
day of quarter.
No statistical difference between the two series. In unadjusted data, only
difference is between one-day figure for end of quarter and three week
average.
Correspond to lines 7-11 in Part II.

13
14
15

5 NOVEMBER 1970
MONEY ANO DEPOSITS SUMMARY

MONEY AND OEPOSI TS SUMMARY

13

MONEY SUPPLY ANO TIME AND SAVINGS ACCOUNTS
(BILLIONS OF OOLLARS)

SEASONALLY ADJUSTED ANNUAL RATES

13

SEASONALLY ADJUSTEO ANNUAL RATES
YEAR TOTALS

1965

1966

1967

I

1968

1969

1969 |

I

|

II

III

IV

|

1970

I

II

III

OEMANO OEPOSITS ANO CURRENCY
I
2
3
4
5
6
7
8

MONEY SUPPLY
DOMESTIC SECTORS
HOUSEHOLDS
NONFINANCIAL BUSINESS
STATE ANO LOCAL GOVTS.
FINANCIAL SECTORS
MAIL FLOAT
REST OF THE WORLD

9
J.S. GOVT DEPOSITS
10 NET INCR. IN ASSETS
11 NFT INCR. IN BANKING SYS. LIAB
MONETARY AUTHORITIES
12
U. S. GOVT. CASH * OEP.
13
14
FOREIGN OEPOSITS
CURRENCY
15
16
17
18
19

COMMERCIAL BANKS
1). S. GOVT. OEP.
FOREIGN OEP.
OTHER

5.2
5.6
1 .4
-2.9
3.1
-.2
4. 1
-.4

1
2
3
4
5
6
7
8

8.6
8.3
7.2
-1.4
-.2
.3
2.5
.3

3.0
3.9
3.1
.7
-. 1
-.1
.3
-1 . 0

13.2
12 .6
11 .4
-2 .1
-.4
1 .1
2.7
.6

12.0
12.2
6.9
1.3
l.l
1 .0
1.9
-.2

6.1
5.9
3.4
.5
2 .2
.4
-.6
.2

-3.9
-4.1
-7.9
3.8
1.9
-1.3
-.6
.2

5.1
5.1
5.6
.6
-1 . 8
1 .0
-.3
*

1 .6
.9
- 1.5
-1.7
4.6
.8
-1.3
.7

19.9
20. 1
17.3
-1.1
3.9
1.0
-I. 0
-.2

-2.7
-3.3
-3.2
-4.2
1.8
.6
1.7
.6

-2.4
-1 .9
-.7
-1 . 8
-.3
.3
.8
-.6

- 1.0
7.6

-.4
2 .6

1 .1
14.3

-1.3
10.7

.5
6 .6

-6.3
10.1

2 .1
7.3

1 .6
3.2

4.3
24.2

.8
-1.9

2.4
*

7.3
5 .2
2.4
-.2
3. 0

11
12
13
14
15

9
2.1
7.3 10

7.6
2 .0
*
-.1
2 .1

2.6
2.3
.2
.2
2.0

14.3
3 .0
.9
*
2. 1

10.7
1.4
-l.l
.1
2.4

6. 6
3.3
.6
-.1
2. 8

10. 1
l.l
-.1
-.2
1 .4

7.3
3.1
-.1
*
3.2

3.2
2.4
.1
-.1
2.3

24.2
6.5
2.4
-.1
4. 3

-1.9
1.4
- 1. 4
.3
2.4

*
1.9
-3.2
-.2
5.3

5.6
- 1 .0
.4
6 .2

.3
-. 5
-1 .2
2.0

11.3
.2
.6
10. 5

9.3
-.2
-.3
9. 8

3.3
-.1
.3
3.1

11.3
-6 .2
.4
-5.5

4.2
2.3
.1
1.9

.8
1.4
.8
-1.4

I 7. 6
1.9
- .1
15. 8

-3.3
2.2
.2
-5.7

-1.9
5.6
-.4
-7.1

2 .2
-.2
-. 2
2.6

16
17
18
19

1
2
3
4
5
6
7
8
9
10
11
12
13
14

TIME DEPOSITS AND SAVINGS ACCOUNTS
I NET INCREASE - TOTAL
2 AT COMMERCIAL BANKS - TOTAL
CORPORATE BUS INESS
3
4
STATE t LOCAL GOVTS.
5
FOREIGN HOLDINGS
6
U.S. GOVT.
7
MUTUAL SAVINGS BANKS
HOUSEHOLD
8
9
10
11
12
13
14
15

AT SAVINGS INSTITUTIONS
CREDIT UNIONS
MUTUAL SVGS. BANKS
SAVINGS + LOAN ASSNS.
HELD BY: HOUSEHOLDS
CREDIT UNIONS
MEMO - HOUSEHOLDS TOTAL
TIME + SVGS. ACCOUNTS

-3.0
-1 1 .0
-7.8
-7.5
1.2
-.1
-.1
3.3

6.5
-6 .8
-7.2
-5.4
-.4
-.1
-.2
6. 6

.6
-7.9
-7.6
-4.0
-1.4
♦
-.2
5.4

-15.7
-21. 5
- 10 .8
-10.4
.7
-.1
-.8

-3.6
-7.8
-5. 6
- 10.0
6.0
-.2
2.0

17.9
1 2 .8
-. 7
.9
3. 7
-.3
9.1

42.3
26.6
11 .<*
8.1
-2.4
.1

15.8

33.0
20 .6
2. 2
3.2
*
.1
.1
15.1

9.5

87.9
65. 7
36. 1
11.2
-.4
.6
18.2

7. 0
.8
2 .6
3.6
3.8
-.2

17.0
1 .2
5.1
10.7
10 .4
.3

12.4
1 .1
4. 1
7.3
7.5
-.2

8.0
1.4
2. 6
4.0
4.0
*

13.4
1 .6
3.8
8 .0
7.6
.3

8.5
1 .2
2.7
4.6
5.2
-.6

5.8
1.3
1.5
3.0
3 .1
-.1

4.2
1.4
2.4
.5
.1
.3

5.1
1.6
1.6
1.8
.9
1.0

15.7
1.5
4.3
9.8
9.5
.4

22.3
1.5
5.2
15.5
15.2
.3

19.1

32.5

27.7

11.3

19.6

14.5

5.1

5. 9

13.2

24.8

40.2 15

33. 1
20. 0
3. 9
2.4
.6
*
*
13.3

2 0.2
13. 3
-.7
1.3
.8
*
*
11.9

40.8
23. 8
4. 1
2 .4
1.4
*

13. 1
1 .0
3.6
8.5
8.5
*
26.4

*

-

RELATION OF F/F MONEY SUPPLY DATA TO DAILY AVERAGE SERIES
(BILLIONS OF DOLLARS)
(Notes Co this table are on page 12)
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTEO ANNUAL RATES
1965

1966

YEAR TOTALS
1967
1968

1969

1
1969 I

I

II

III

IV

1
I

I

1970
II

III

I.. TOTAL MONEY SUPPLY
NET CHANGES AT SAAR—
F/F DEMAND DEPOSITS + ClRR.
DAILY AVERAGE (DAMS)
TOTAL DIFFERENCE

34. 5
30.0
4.5

3. 0
3.6
-.6

13.2
11.0
2.2

1 2. 0
11.8
.2

5.7
4.8
.9

-3.9
7.8
-11.7

5.1
8.9
-3.8

1 .6
*
1.6

19.9
2.5
17.4

-2.7
8. 1
-10.8

-2.4
8.4
- 10.8

5.2
10. 6
-5.4

1
2
3

4 TOTAL DIFF. AT QUARTERLY RATE
ARISING FROM— DATA DIFF.
5
TIMING
6
SEASONAL S
7

1 .1
*
2 .0
-.9

-.6
.1
-.9
.2

2 .2
-.1
2 .1
.3

.2
-3.5
3.4
.3

.9
-1.3
2 .1
-.2

-2. 9
-.6
-5.5
3.2

-.9
*
1 .2
-2. 2

.4
-.1
-.8
1.3

4.4
- .4
7.2
-2.5

-2. 7
- 1 .2
-5. 5
4.0

-2.7
-.7
-.7
- 1 .2

-1.4
1.3
-3.1
.5

4
5
6
7

NET CHANGE, S. A. QTRLY RATE-F/F (SEE PART IV. BELOW)
I
DAMS
2
DI FFERENCE
3

6.5
5.4
1.1

1 .0
1 .6
-.6

1 1 .1
8. 8
2.3

9.6
8.7
.9

2.9
2.3
.6

-1.3
1 .2
-2.5

.5
1 .6
- 1 .1

-.2
-.5
.3

3.9
*
3.9

-1.3
1 .1
-2.4

-1.9
1.0
-3.0

.6
2 .1
-1 . 6

1
2
3

*
5
6

2 .0
*
2 .0

-.8
.1
-. 9

2.0
-.1
2 .1

.6
-3.5
4.0

.9
-1 . 0
1.9

-6 .6
-.6
- 6. 0

1 .2
*
1 .2

-.2
-.1
-.2

6.6
-.4
6.9

-6.5
-1 .2
- 5.3

-1.5
-. 7
-.8

-1. 5
1.3
-2 .8

4
5
5

-.9
-.9
*
-

.2
.2
-

.3
.3
*

.3
.3
*
*

-.3
.1
-.5
.1

4.1
*
3.4
.6
.2

-2.3
-.5
- 1 .1
-.7
*

.5
-.4
- .4
1.5
- .2

-2 .6
.9
-2.3
- 1 .3
*

4.1
-.1
2.9
2.1
-. 8

-1.4
-.5
-1.3
.4
~

.4
.8
-.4

.8
.6
.2

.6
.5
.1

1.1
.7
.4

.6
.9
-.3

1.3
1 .1
.3

.7
.5
.2

-.6

.3

-.2

.1

-.3

4

.7
.1
.3
.1
-.2

.2
.2
*
*
*

-.1
-.4
-.5
*
-. 8

.2
*
.2

.5
.1
.4
.1
*

5
6
7
8
9

1
2
3

II. DEMAND DEPOSITS

DI FFERENCE IN UNADJUSTED
CATA D I F F E R E N C E
T 1MI NG

7
n
9

D I F F E R S NC F I N S E A S ON A L S
FLOWS V S . L E V E L S
ONE- DAY V S . OA I L Y AVG.
S E A S ON AL RA L ANCF A D J U S T ME N T
10
PL US: D A Y - O F - W E E K A L L O W.
11

_

-. 1 v
-. 3 8
*
9
.2 10
* 11

III. CURR ENCY
I
2

3

NET CH AN GF , S . A .
F/F
0 AMS
CI FFFRENCF

QTRLY R A T E - -

4

T I M I NG D I F F E R E N C E

5
6
7
8
9

D I F F . I N S E A S ONA L S
F LOWS V S . L E V E L S
O N E - D A Y V S . D A I L Y AVG.
S F A S O N A L BA L A NC E A D J .
L E S S - - D A Y - O F - W E E K A L L O W.

2. 1
2.1

2.1
2 .1
*

2.4
3.0
-.6

2.8
2.5
.3

-.1

*

-.7

.2

.5

.1

*
*
-

*
*

.1
.1
*

.1
.1
*
“

-.9
-.2
-.5
*
.2

.1
*
.1
-.1
*

2.0
2. 0

*

*

*
*
*
-

*

-

-

111/70 data are based on preliminary information subject to revision.




*

~

1
2
3

5 NOVEMBER 1970
J.S .
14

G O VT .

SECURITIES

u>s<
U.S.

G OVT.

SEC URITIES

GOVERNMENT S E C U R I T I E S MARKET SUMMARY
( B I L L I O N S OF DOLLARS)

14

S EASONALLY A D J US T EO ANNUAL RATES

1 T O T A L NET I S SU E S
2
I N CL UD E D IN P U B L I C DEBT
3
HOUSEHOLD S AVI NGS BONOS
4
D I R E C T E X C . S AVI NGS BONDS
5
6
7
8

OTHER
BUDGET AGENCY I S S U ES
LOAN P A R T I C I P A T I O N S ( 1 )
SPONSORED AG0JCY I S S U E S ( 2 )

9 NET A C Q U I S I T I O N S , BY SECTOR
10
U .S . GO V E R N M E N T ( A GE NC Y S E C . )
11
SPONSORED C R E D I T AGEN CI ES
12
D I R E C T M ARKETABL E
13
F HLB S PEC IA L I S S U E
14
FE DERA L RESERVE SYSTEM
15
16
17

20

21

22
23

S EA SON AL LY ADJ USTED ANNUAL RATES
1966

YEAR TO TA L S
1967
1 968

1969

3.8
1.3

8.7
2.3

16.7
10.3

5.5
-1 .3

2 .1

1.3
5.1

6.3
1.4
1 .7
3.2

-.4
-1 .9
9.1

3.8

8.7

-.2

F OREI GN
SHORT -T ERM MARKETABLE
OTHER

HOUSEHOLDS
SAVI NGS BONDS

.7

1.2
.6
1.3

2.6

-1.6
-2.0

- 1.2

AGENCY I S SU E S

4.2

CORPORATE N O N F I N .
D I RE CT
AGENCY I SS UE S

B U S IN ES S

1.9
1.3

-2 .3
-3 .1

.8

.6
.9
-1 .3
1.1

13 . 1

16.1
-.5

2.4

-3 .6
-3 .4
-.2

9.4
6.3
3.2

1 .8
1.0

6.1
5.7
.3

-5 .7

1 4.7

- 1 1 .2

1 .7
1.1

-1.8

-9 .4

-3 . 0
14 .7

1 3.1

1 8 .1
.1
2.4

-3 .1
-5 .9

21.9
17.3
-.2
17.9

1.1
9. 1

7
8

2 8. 0
*
2 .4
2.5
-.1
7. 6

9
10
11
12
13
14

2. 8
.3
-.4

-. 4
1 .?

-.1
5.7

3.6
3.7

6 .7
8. 6
-1 . 9

8.5
5.6
2.9
-4 .2

2.0

-7 .0
6.5

11 . 3

-.2
-1 .7
9.0

24.1
-.7

-3 .2
-4 .0

-3 .8
-4 .3

-4 .6
. 7
-1 .3

-.2
-.1

1. 9
8 .1
-4 .9
-5 .5

-. 7
-3 .0
-3 .5

-1 .1

-1.2
.1

5.9

8.2

3 .4

2.6

-1 0 .7
-1 1.3
.5

-1 0.3

4.4
2.3

-3 .3
-5 .9

2.0

-.8

-1.0

1.3

1 .4

-6.1

5.6

-3 .1
-3 .4
.3

- 8.1
-7 . 1

-4 .1

2.6

-2.1

-.1

-1 .5
1.8

-.7
-.7

FUNDS

-.2

-.2

-.9
-.9

-.4

-.2
-.2

S . * L . GOVT . RTR . FUNOS
DIRECT
AGENCY I S S U E S

-1.0
-1 .3
.3

-.4
-.4
.1

I NVES TME NT C O S .
(O IR EC T)
SEC. BRKRS . + DLRS . (
"
)
AG. OF FGN. BANKS (
"
)
B K S . IN T E R R . + P O S S . ( " )

-.7
-3 .3
.3

3 .0
1.1

MEMO: HELD BY P V T . DOMESTI C
( N O N F I N A N C I AL, BANKS, AND P V T . NONB AN K F I NA NCE )
ARE

I NCL UDE D W I TH

< 2 ) T H E S E I S S U E S ARE O U T S I D E THE BUDGET ANO O U T S I D E THE U . S . GOVERNMENT
SECTOR I N F L O W - O F - F U N D S AC COUNTS .
T H EY ARE I NCL UDED I N C R E O I T MARKET
DEBT OF F I N A N C I A L I N S T I T U T I O N S .

II 1/70 DATA ARE BASED ON PRELIMINARY INFORMATION SUBJECT TO REVISION.

1.9

1.6

.2
-2 .7

18
19
20
21

2 . 2 22
. I 23
* . 2 ?4
-2 .1 25
- 1 1 . 2 26
- 1 1 . 3 27
. 1 28

9.2
7.9
1.3

1 2 . 9 32
5 . 2 33
6 . 7 34

3.5
1 .3

1 4 . 8 35
n . 3 36
4 . 5 37

3.1
1.5
1.5

.5
2 .3

39
40

1.1
.1
.9

41
42
43

. 5 44
. 3 45
. 2 4S
-.3

-.6

-.1
.1

.1
.1
*
.1

.5
.4
.1

-2.1
-2.2

-1 6.3
.1
-1 5.0
-1 .5

- 7 . 3 29
- 7 . 8 30
. 5 31

-.7
- .5

1.0
1.0

6. 6 1 5
4 . 6 16
2 . 0 17

-3 .3
1.3

2.2

-2.2
2.1

28. 0
13 . 4

4.2
.2
-. 7
4. 7

-.6

-.3

LOAN P A R T I C I P A T I O N S

1 970
II

- 1.1

N ON L I F E I NSURANCE
DI R E C T
AGENCY I SSU ES




-3 .2
12.6

-.3
-.3

-.2

( 1 ) WHERE NOT SHOWN S E P A R A T E L Y ,
AGENCY I S S U ES

18. 1
5.6

-1.0

2.6

-1 5.2
-1 2.5
-2 .7

I

1 3. 1
3. 9

-.1

4.2

2.8

|
|

5.3

-4 .8
10 .9

-2.2
-.1

IV

-.8

- 1 .3
.6
7.5

2.0
2.2

1.6
1.5

L I F E INSURANCE
DIRECT
AGENCY I S S U E S

P RI V A T E P ENSI ON
DIRECT
AGENCY I SSU ES

2.2

-.5
-2 .3
1.8

S V G S . + LOAN AS SNS .
DIRECT
AGENCY I S SU E S

1 4.7
9.4
-.7
1 0. 1

-2 .3
4.8

-.3
-.9

2.2

-5 .7
-1 2.5

m

-.1
2 4 .7
-.5
18.3
6 .9

-1.6

II

-6.2
-6.2

8.1

-.6

MUTUAL SAVI NGS BANKS
DIRE CT
AGENCY I S S U E S

-1.1
-2.1
-2.1

15.8
-.4
8 .1

-.1

P R I V A T E NONBANK FI NA NC E
DIR ECT
AGENCY I SSU ES

.1
-5 .7
-.5
-5 .2

.2

-3 .1

-1 . 5

I

.7

.1

COMMERCIAL BANKS
DIRECT
AGENCY I S S U E S

51
52

-1.8

-2 .4
1 .9

-1 .4

S T A T E ♦ LOCAL G O VT S .
DIRE CT
AGENCY I S S U ES

38
39

-1 .1

-2.8
.9
-3 .8

3.3
4.7

2.2

DIRECT EXC. SVGS. BONDS

35
36
37

2.1
1.6
.5

-1.6

P V T . DOMESTI C N O N F I N .
S AVI NGS BONDS - HOUSEHOLDS
D I R E C T E X C . S V G S . BONOS
AGENCY I S S U E S

5.5
-1 .3
-.4
-.7
.3
4.2

-.9
4. 8
-2 .4
-.8

1 969

6.8

1.3
1.0

.3
3.7

|
|

-1 .5
-1 .4
- .1

-1 .3
2. 9

1.2

-.4
-.6

- . 3 48
. 3 49
. 5 50
. 2 51
. 3 52

-.4
-.5

. 4 53
- . 1 54
. 5 55

3.0
-4 .S
1.4

5 . 5 56
3 . 7 57
. 3 53

5 NOVEMBER 1970
PRIVATE SECURITIES ANO MORTGAGES

PPIVATF SEC UP ITIc

5 AN D

MORTGAGES

PRIVATE SECURITIES AND MORTGAGES
(BILLIONS OF DOLLARS)
SEASONALLY ADJUSTED ANNUAL RATES

SFAST NAL LY

1966

YEAR TOTALS
1967
1968

1969 |

ADJ UST ED

ANNUAL

R&T F S

1969

I

II

III

STATE AND LOCAL GOVERNMENT SECURITIES
NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

7.3

5.7

7.7

9.9

8 .5

10.2

9.8

6.7

NET CHANGE IN ASSETS
S . L. GOVT., GEN.FUNDS
S.+ L. GOVT., RTR. FUNDS

-.1
-.3

7.3

5.7

7.7

9 .9

8.5

1 0.2

9.8

6.7

9 .9
1.7
2.7
4.9

6. 8

OTHER
HOUSEHOLDS
CORPORATE BUS IN ESS
COMMERCIAL BANKS
MUTUAL SAVINGS BANKS
LIFE INSURANCE COS.
OTHER INSURANCE COS.
FINANCE N.E.C.

-. 1
5.9

2.1
1.0

7.8

-2. 1

-.1

1

10.0

10 .3
5.0
2.4

-.2

1.9

.4
8.7

-.4
1.3

1.0

-.1

3.8
2.3
1.4

2.6

.2

3.3

1 .0
.5
1.7

7. 1
7. 1

*
- .1

I

7. 2
5.0
3. 7
- 2.7

1 .6
-2. 1
11.6

.2

- .1

10.9

-.1

10

.9 11
.9 12

CORPORATE AND FOREIGN BONDS
NET ISSUES
CORPORATE BUSINESS
FINANCE COMPANIES
COMMERCIAL BANKS
REST OF THE WORLD

8.6
5.4
1.9
.8
.5

11.8
10.2
.8
.1
.7

17.2
14.7
1.0
.3
1.2

15.1
12.9
.8
.3
1.1

14.9
12.1
1.6
.1
1.2

17.4
14.6
1.4
.2
1.3

15.7
12.5
2.2
.3
.7

14.21?.4
16.1
10.5
10.7
13.9
1.4
1.3
1. 3
*
.1
2.4
.4
.8

24.6
22.7
2.3
*
-.4

21.3
18.'+
1.6
1.3

1

NET PURCHASES
HOUSEHOLDS
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKS
MUTUAL SAVINGS BANKS

8.6
.7
.7
-.1
-.1

11.8
2. 0
1.1
.1
.3

17.2
4.0
1.5
.8
2.1

15.1
4.6
.4
.3
1.4

14.9
4.9
2.8
-.4
.3

17.4
4.8
3.8
.8

15.7
5.3
3.6
-1.6
.8

14.?12.4
1 6. 1
4.7
4.7
8.2
-1.2
5 .0
4. 2
-.3
-.2
.9

24. 6
10.4
3.7
1.7

21. 3 6
7 1 7
- 8 8
*
9
1.3 10

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
S • ♦ L .GOVT. RTR. FUNOS
OTHER INSURANCE COMPANIES

7. 1
2.8
1.5
2.1
.6

7.3
2.4
1.9
2.5
.6

8.9
3.8
.9
3.4
.7

8.0
3.8
.7
2.4
1.2

6.4
1.9
.5
3.0
1.1

6.0
2.9
-.8
3.6
.2

7.3
2.7
.7
3.9
*

10.0
2.1
1.3
3.4
3.1

2.4
-.3
.6
l.l
1.0

4. ^
-. 5
1.8
2.4
.6

7.1
? 4
9
2*9
.9

FINANCE N.E.C.
REST OF THE WORLD

.5
-.1

.4
.6

.1
-.1

*
.3

.5
.5

1.1
.9

.1
.2

1 .1
*

-.4
.8

- 2 .4
.9

1.2
.6

11.4
6.1
5.3
5.6

13.3
4.2
9.2
9. 1

7

3
4
5

10.3
4 3
1*6
^7
.7

11
12
13
14
IS

3.3 15
.1 17

CORPORATE STOCKS
NET ISSUES
OPEN-END INVESTMENT COS.
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKS
REST OF THE WORLD

3.4
3.1
.3
*
.3

NET PURCHASES
HOUSEHOLDS
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNOS
OTHER INSURANCE COMPANIES
S.-*- L. GOVT. RTR. FUNDS
FINANCE N.E.C.
OPEN-END INVESTMENT COS.
BROKERS ANO DEALERS
REST OF THE WORLD

4.6
3.7
.9
1.2

4.9
2.6
2.3
2.3

4.0
4.7
-.7
-.8

4.0
-7.7
.3
8.5
1.4
4.7
l.l
1.3

10.1
5.6
4.5
4.3

7.7
7.6
.1
.1

8.0
4. 7
3.2
2.4

-.3

8. *?
2.1

9.*
3.3
6.
6 .2
'6. 6.
>

-.4

3.4
-1.9
.2
4. 3
.7
3.1
.1
.4

4.6
-1.0
*
4. 8
.3
3.7
.4
.5

4.9
-4.8
.2 .3
7.3
l.l
5.0
.6
.7

1.2
1.2
.1
-.4

I.0
1.0
*
-.3

1.5
1.5
*
.7

1.0
1.5
-.4
2.0

10.1

7.7

8.0

11.4

9 .7
1.6
5.4
1.0
1.8

.3
10.0
1.9
5.8
l.l
1.2

.3
9.7
1.8
4.8
1.2
2.0

.3
7.8
l.l
4.5
.3
1.9

13.3
.3
11 .5
1 .7
6.4
1.3
2. 1

8.5
-7. 0
.3
10. 9
2.2
5.2
1.4
2.1

.3
8.3
2. 3
3.8
1.1
l.T

.3
7.3
1. 2
3 8
l.l
I.?

9
10
11
12
13
14

2.7
2.5
.3
1.5

-.1
-.7
.6
3.0

2.7
3.1
-.4
.5

4.9
3.3
1.7
.7

3.6
4.3
-.7
1.9

4.6
4 .2
.4
-.3

.1
- 1 .1
1.2
-.*5

3 .?
1 .*
1.8
’. 8

15
16
17
18

TOTAL MORTGAGES
1 TOTAL MORTGAGE CREDIT
BORROWEO BY—
2
S AV INGS+LO AN ASSNS.

-#1

_ #1

l

1 .2

-

1 .6

25.4
15.2
l.l
9.2
1.6
3.3
4.2

2 2 .5
12.3

23.6
1?.S

27.2
1 4. 0

1 0. 7
2.3
4.1
4.4

2 6. 8
1 6. 0
l.l
9.7
2.0
3.9
3.8
26 .4
2.5
2
.8
5.3

2 4 .6
2
.8
6.9

21.3
3.8
2

2.3

28 .9
1 .1
.2
.8
3.3

20.7
4.9
1 2.1
9.6
2.5

24.6
7.7
13.7
1 0. 8
2.9

23 .6
5.9
1 4 .0
11.3
2.7

17.7
3.4
1 1. 0
8.9
2 .1

16.7
2.7
9.8
7.3
2.5

1 0 .9
2 9
5.3
4.4
.9

2.6
2.1

2.5
2.0

2.6
2.3

3.5

1.7
1. 5

*

-.1

-.1

-.1

-.1

P RI VA TE N O NF IN . SECTORS
HOUSEHOLDS
NONPROFIT I N S T .
B USI NESS
FARMS
NONFARM NONCORPORATE
CORPORATE

2 5.6
1 5 .2
1.2
9.2
2.2
3.2
3.9

22 .3
12.3
1.3
8.7
2 .1
2.4
4.2

22 .0
10.5
1.2
10 .4
2.1
3.7
4.5

27.3
1 4. 9
1.1
11.3
2.1
3.4
5.8

27.4
1 6 .3
1.1
10.0
2.0
3.7
4.3

28.6
17.0
1 .1
10.6
2.2
3.5
4.9

28.6
16.9

11 FUNOS ADVANCED BY—
12
HOUSEHOLDS
13
S T . ♦LOC. G O V TS . , G EN FOS.
14
U . S . GOVERNMENT
15
FNMA ANO LAND BANKS C l l

25. 6
-.8
*

2 3 .0
1.0
*
.9
1.8

27.4
1.6
.2
l.l
2.2

27.3
1.3
.2
.7
4.5

29.3
1 .7
.2

1 .1

21.3
1.4
*
.8
2.6

16
17
18
19
20

25 .4
5.6
1 3.1
9.0
4.1
*

1 6.5
4.6
6.5
3.8
2.7
.1

19.3
4.6
10.7
7.5
3.2

22.3
6.6
12.2
9 .3
2.8

6.1
4 .9
.5
.8
*
.6

5.9
4.6
.1
.5
*
-.5

3.6
2.9
*
.4

2.8
2.5

3
4
5
6
7
8
9
10

U.S.

GOVERNMENT

-.1

P V T . F I N AN C IA L I N S T .
COMMERCIAL BANKS
SAVINGS I N S T I T U T I O N S
SVG. ♦ LOAN AS S NS . ( I )
MUT. SAVINGS BANKS
C R ED I T UNIONS
INSURANCE
L I F E COMPANIES
P VT . PENSION FUNDS
.6
S T . + L O C . GOVT. R E T . F O S . . 7
OTHER INSURANCE
*
FI NANCE N . E . C

28 (1 )MEMO: FHLB LOANS T O
SSL ASSNS. ( I NC LU OEO

.4

1 .0
9.2
.1
4.4
4.6

10.0

-. 1 _

#l

4
5
1.01.0
12.2
7
1.51.6
4 .2 5.1
4 . 3 5^5

*

.1

.7
.9
-2 .5
IN "OTHER LOA NS" CATEGORY)

.1

.4
*

.5

-.1

.4
*

.7
.9

4.0

.2

.4
*

1.0

.8
*

.8
2.9

2. 4
.1
-.1
*

1.0
3.1

-.3
5.3

2
.4
T
2.5
4.8

8
9
10

.9
1.0 212

.1 132
*5
.3 14
.7
5.3 515

6 .1

.3
22. 01 416
9*2
7.1

3.4

3.3

2.7

2 .«i

-^6

6

.5
28.72 311

*3

2 12 5 17
15*0 18
1 2 .8 19
2 . 1 2 ? 20

21

1 1 1/70 DATA ARE BASED ON PRELIM INARY INFORM ATION SUBJECT TO R E V IS IO N .




1 .1

_ #1

3.1

22

2.4 23
.3 24
. 1 26
1.3 27

5 NOVEMBER 1970
MORTGAGES, BY T Y P E

MORTGAGES,

16

BY TY PF

MORTGAGE MARKETS BY TY PE OF MORTGAGE
( B I L L I O N S OF DOLLARS)

SEAS ON AL LY A O JU S T E O ANNUAL RA T ES

16

S EASONAL LY A D J US T ED ANNUAL RATFS

1965

1966

YEAR T O TA L S
1967
1968

1969

|
|

1969
I

II

III

IV

|
I

I

1970
II

III

HOME MORTGAGES

1
2
3
4
5
6

NET CHANGE I N L I A B I L I T I E S
HOUSEHOLDS
NONFARM NONCORP. B US I NE SS
CORPORATE B U S I N ES S
U . S . GOVERNMENT
S AVI NG S AND LOAN ASSNS.

15 .4
15.2
.1
.1
*
*

10 .4
12 .3
-. 5
-.5
-.1
-.9

12.5
10.5
.6
.6
-.1
1.0

15.3
14.9
.1
.1
-.1
.2

15.6
16.3
-.3
-.3
-.1
*

17.0
1 7 .0
-.3
-.3
-.1
.7

16.8
16.9
-.1
-.1
-.1
.3

15.1
1 6 .0
-.2
-.2
-.1
-.4

13.5
15 .2
-.4
-.4
- . 1
-.7

10.1
1 2 .3
-.5
-. 5
-.1
-1 .2

11.7
12.6
-.4
-.4
-.1

16 .7
14.0
.6
.6
-. 1
1.6

7
8
9
10
11

N E T CHANGE IN A S S E T S
HOUSEHOLDS
S T A T E AND LOCAL GOVERNMENTS
U . S . GOVERNMENT
F E D . N A T . MTG. ASSN.

1 5 .4
-.1
*
-.1
.5

10.4
.4
♦
.6
1.9

12.5
.3
*
. 7
l.l

15.3
.6
.2
.8
1.6

15 .6
-.5
.2
.1
3.9

17 .0
-.2
.2
.3
1.7

16.8
-.4
.2
.1
2.5

15.1
1.2
.2
*
4.7

1 3 .5
- 2 .4
.2
*
6.6

10. 1
1.1
.2
-.1
5.7

11.7
.7
.2
.1
4.9

16.7
7
-. 6
8
. 1
9
- . 2 10
4 . 4 11

12
13
14
15
16

COMMERCIAL B ANKI NG
SAVINGS I N S T I T U T I O N S
S AV IN GS AND LOAN A S S N S .
MUTUAL S AVI NG S BANKS
C R E D I T UNI ONS

3.1
9 .8
7.1
2.7
*

2.4
4. 5
2. 9
1.6
.1

2 .4
7.9
6.0
1.8
*

3.5
8.7
7.2
1.4
*

2.6
9 .4
8.0
1.4
*

4.3
10.7
9.1
1.6
*

3.3
11.0
9.5
1.5
*

1 .7
8.5
7.4
1.1
*

I. 2
7.5
6.1
1.3
*

1. 5
3.4
3. 0
.3
*

1.3
6 .1
4. 9
1.1
*

17
18
19
20

I NSURANCE
L I F E I NSURANCE COMPANI ES
P R I V A T E P EN SI ON FUNDS
F I N A NC E N . E . C . ( M T G . C O S . )

1.6
l.l
.6
.6

1.1
.6
.5
-.5

-.3
-.5
.1
. 5

-.8
-.7
♦
.7

-.9
-1 .0
.1
.9

-.6
-.7
.1
.7

-.7
-.6
-.1
.9

-.5
-.8
.2
-.5

-1 .8
- 1.9
.1
2.4

-1 .1
-1 .3
.2
-.6

MULT I - F A M I L Y

RE SID ENTIAL

I
2
3
4
5
6

1 .1
11. *
1 0. 1
1.3
*

12
13
14
15
16

-1 .0
-1 .2
.2
-.4

-.8
-1 .1
. 3
1.3

17
IB
19
20

MORTGAGES

1 N ET BORROWING
CORPORATE B US IN ES S
2
3
NONFARM NONCORP. B US I NE SS

3.6
.9
2.8

3.1
.7
2.4

3.6
.8
2.8

3.5
.8
2.7

4.4
.9
3.6

4.2
.9
3.3

4.7
.9
3 .8

4 .6
.8
3.8

4.3
1.0
3.4

6.0
1.6
4. 5

5.5
1.3
4.2

5.5
1 .4
4.1

1
2
3

4 NET CHANGE I N AS SETS
5
HOUSEHOLDS
6
U . S . GOVERNMENT
7
FED. N A T . MTG. ASS N.
8
COMMERCI AL BANKS

3.6
- .9
♦
*
.3

3. 1
-.5
.3

3.5
-.2
.3
*
.3

4 .4
.1
.7
*
.5

4.2
.1
.2
*
.6

4.7
*
.7
*
.6

4.6
-.3
.8
*
.4

4.3
.6
. 9
*
.3

6.0
1.6
.4
.1
. 4

5.5
*
.5
.4
.2

5. 5
.2
. 6
.4
.3

4
5
6
7
9

.1

3 .6
-.3
.2
*
.3

9
10
11

S AVI NG S I N S T I T U T I O N S
MUTUAL SAVI NG S BANKS
SAVI NG S AND LOAN A S S NS .

2.0
.9
1.1

1.0
.5
.5

1.5
.6
.9

1.6
.5
1.1

1 .6
.5
1.1

1.8
.6
1.2

1.8
.6
1.2

1.6
.4
1.2

1.1
.5
.6

1.3
.2
1.1

2.2
.5
1.7

9
2.1
. 5 10
1 . 6 11

12
13

L I F E I NSURANCE C OS .
S . +L •GOVT . P EN S . FUNDS

1.6
.7

1.5
. 8

1.4
.5

1 .0
.4

1.2
.4

l.l
.4

1.1
.4

1.3
.8

1.4
- . 1

1.9
. 4

1.8
. 5

1.5
.4

-

12
13

COMMERCIAL MORTGAGES

1 NET BORROWING
2
HOUSEHOLDS
3
CORPORATE B US I NE SS
4
NON FARM N ONCORP. B US I NE SS

4.4
1.2
2 .9
.3

5.7
1.3
4.0
.4

4.7
1.2
3.1
.3

6.6
l.l
4.9
.5

5.2
1.1
3.7
.4

5.9
1.1
4 .4
.5

5.1
1.1
3.6
.4

4.7
1.1
3.3
.4

5.2
1.1
3.7
. 4

5.0
1.0
3.6
. 4

4.8
1.0
3.4
.4

4. 9
1.0
3.5
. 4

1
2
3
4

5 NET CHANGE I N AS SETS
6
HOUSEHOLDS
7
U . S . GOVERNMENT
8
COMMERCIAL BANKS

4.4
-.6
*
2.0

5. 7
.6
*
2.0

4.7
.2
*
1.6

6.6
.2

5.9
.8
2.3

5.1
.6
1.5

4 .7
.6
l.l

5.2
.4
*
1.0

5.0
.8

4. 8
.9

4. 9
.5
*
. 8

5
6
7
8

2.6

5.2
.6
*
1.5

9
10
11

S AV I N G S I N S T I T U T I O N S
MUTUAL SAVI NGS BANKS
SAVI NG S AND LOAN AS SNS .

1.3
. 5
.9

I. 0
.6
.4

1. 3
.7
. 6

1.9
.8
1.0

1 .1
.6
.5

1.2
.7
.5

1.1
.6
.5

1. 0
.6
.4

1.3
.7
.5

. 6
.3
.3

1.0
.5
.5

9
1.6
. 5 10
1. 1 11

12
13

L I F E I NSURANCE COMPANI ES
OTHER I NSURANCE COMPANI ES

1.7
*

2.1
*

1.6
*

1.9
*

1.9
*

1.6
*

1.7
*

1.8
*

2.4
*

2.4
.1 .

2.1
.1

1.9
.1

—

-

l.l

-

.7

12
13

FARM MORTGAGES

1 N ET BORROWING BY FARMS
NET CHANGE IN A S S ET S —
2
HOUSEHOLDS
U . S . GOVERNMENT
3
4
F E D . LAND BANKS
5
COMMERCIAL BANKS
6
MUTUAL S AV IN GS BANKS
7
L I F E INSURANCE COMPANI ES

2.2

2.1

2.1

2.1

2.0

2.2

2.3

2.0

1.6

.1

1.5

1.6

.9
♦
.6
.3
*
.5

. 9
*
.7
.2
*
.4

.8
-.1
.7
.3
.1
.3

1.0
*
.5
.3
*
.2

l.l
*
.6
.4
*
♦

1.1
*
.6
.5
*
*

.9
-.1
.8
.5
*
.1

1.0
♦
.6
.3
*
.1

1.3
*
.3
.3

. 2
*
.3
-.2

1.3
*
.5
-.1

•3

_

_

-.3

-.3

-.2

♦

I I 1 /7 0 DATA ARE BASED ON P R E L IM IN A R Y IN FO R M ATIO N




S U B JE C T TO R E V IS IO N .

_

_

*
.6
.2

I
7
■
x
4
5
6
7

5 NOVEMBER 1970
CONSUMER C R E D IT AND BANK LOANS N . E . C .

CONSUMER C R E D IT ANO BANK LOANS N .E . C .

CONSUMER C REDI T AND BANK LOANS NOT ELSEWHERE C L A S S I F I E D
( B I L L I O N S OF OOLLARS)
SEASONALLY ADJUSTED ANNUAL RATES

17

SEASONALLY ADJUSTED ANNUAL RATES
1965

YEAR TO TA L S
1968
1966
1967

I
1969 |

1969
I

II

III

IV

I
I

I

1970
II

III

CONSUMER C REDI T

NET CHANGE IN L I A B I L I T I E S
( HOUSEHOLDS)
I NST ALMENT C RE DI T
N0NI NSTM.MB4T C R ED I T

10.0

7.2

4.6

1 1 .1

9.3

9.9

10.4

8.8

8.4

4.8

6.2

6.4

1

8.6
1.4

6.2
1.0

3.4
1.2

9.0
2.1

8.3
1. 0

8.3
1.5

9.6
.8

7.7
1 .1

8.0
.5

4. 0
. 8

4.6
1.6

5.1
1.2

2
3

4
5
6
7
8
9
10

NET CHANGE I N ASSETS
I NSTALMENT C R ED I T
NON FARM NONCORP. BUSI NESS
CORPORATE BUSI NESS
COMMERCIAL BANKING
SAVINGS I N S T I T U T I O N S
FI NANCE COMPANIES

10. 0
8.6
.1
.9
3.9
1 .1
2.6

7.2
6.2
.1
.9
2.4
1.0
1.8

4.6
3.4
.1
.6
1.4
.7
.6

1 1. 1
9.0
.1
.9
4.3
1.4
2.4

9.3
8.3
.1
.7
3.4
1.5
2.6

9.9
8.3
*
.5
3.5
1.4
2.9

10.4
9.6
.1
.5
3.8
2.1
3.2

8.8
7.7
.1
1.0
3.0
1.5
2.1

8.4
8.0
.1
.4
3.1
1.2
3 .1

4.8
4.0
*
. 8
.9
.8
1.5

6.2
4.6
.1
.6
1.9
1.4
.7

6.4
4
5
5.1
6
.1
.5
7
2.2
8
9
1.4
. 9 10

11
12
13
I*
15

NONINSTALMENT C R E D I T
NONFARM NONCORP. BUSI NESS
CORPORATE BUSI NESS
COMMERCIAL BANKING
SAVINGS I N S T I T U T I O N S

1.4
.4
.3
.7
.1

1.0
.4
.3
.3
*

1.2
.4
.4
.4
.1

2.1
.6
.8
.6
.1

1.0
.5
.6
-.1
*

1.5
.1
1.2
.2
.1

.8
.4
.4
-.1
.1

l.l
1.2
.4
-.5
*

.5
.2
.2
*
*

.8
*
.7
.1
.1

1.6
.4
.8
.3
.1

1.2
.4
.3
.5
*

11
12
13
14
15

2.6

37.8

1

2.5
2.6
7.9
1.3

1
2
3

BANK LOANS NOT ELSEWHERE C L A S S I F I E D
T O T A L BANK LOANS A T COMMERCIAL
BANKS, F /F B A S IS
1

10
11
12
13
14
15
16
17
18
19
20
21

L E S S : LOANS IN OTHER CATEGORI ES
MORTGAGES
CONSUMER C REDI T
S EC URI TY C REDI T
OTHER LOANS
FI NANCE CO. PAPER
OTHER COMMERCIAL PAPER
ACCEPTANCES
HYPOTHECATED D E PO S IT S
EQUALS: BANK LOANS N . E . C .
P LU S: LOANS BY BANK A F F I L I A T E
LOANS BY F . R . BANKS
EQUALS: TOTAL BANK LOANS N . E . C
NET CHANGE IN L I A B I L I T I E S
HJUSEHOLOS
FARM BUSINESS
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
S VG S . ♦ LOAN ASSNS.
FINANCE COMPANIES
REST OF THE WORLD

2 6.4

18.5

17 .8

27 .4

20.1

2 1.4

29 .6

9.3

19.9

-6 .0

5.6
4.6
.1
-.5
.1
-.3
-.4
.1
16.6
*
16.6

4.6
2.6
.5
1.6
1 .1
.5

*

4.6
1.8
1.5
2.4
1.1
.7
.7

6.6
4.9
1.3
-1 .1
-1 .4
.7
-.4

4.9
3.3
-1 .2
.5
-.1
.6

.1
9.1
*
9.0

7.5
7.5

15.7
15.7

12.5
3 .8
16.4

7.7
3.7
-5 .9
-.1
-.7
.8
-.2
15.9
1.4
1 7. 3

5.9
3.7
2.2
.5
-.6
1.0
*
17.3
7.0
24.3

3.4
2.5
-2 .6
*
.3
.2
-.5
6.0
6.2
12.2

2.7
3.1
1.4
1.6
.5
.3
.8
11.1
.7
1 1.7

2.9
1.0
-.9
-.5
-. 5
.9
-.8
-8 .5
11.5
.2
3.2

2 .1
2.2
-5 .7
4.4
1.5
1.7
1.2
-.4
4.7
.2
4.5

9.0
.4
.9
1.3
7.9
.1
-1 .4
-.2

7.5
2.1
.7
.6
6.4
-.2
-2 .0
-.2

15.7
3 .0
.4
.7
9.6
.1
2.3
-.3

16.4
2.0
.8
.8
1 0.9
.1
2.0
-.3

17.3
2.1
.6
.5
12.8

24.3
3.5
.8
.7
14.0
.2
4.6

12.2
1.5
.9
1.2
9.3
.2

11 .7
1.0
.9
1.0
7.3

4.5
-.6
1.5
.7
3.3
*

- 1.4

-. 5

3 .2
3 .1
. 7
-1 .3
4.5
-.7
-3 .9
.8

1 6 .6
1.4
. 7
1.0
10 .6
.2
2.2
.4

-

-

111/ 70 DATA ARE BASED ON P RELI MI NARY I NFORMATI ON S UBJE CT TO R E V I S I O N .




♦

-.4
1.4
.3

.5

.5

.5

1.6

*

-.4

2
3
4
5
*
&
7
2.1
-. 8 8
9
2 3 . 4 10
- 1 1 . 4 11
-.4 12
1 1 .7 13
1 1.7
1. 9
1.1
-.1
2. 8
-.2
7 .3
-1 .2

14
15
16
17
18
19
20
21

5 NOVEMBER 1970
BANK CREOIT RELATIONSHIP

BANK C R E O IT R E LA TIO N SH IP
R E LAT I ON OF F / F BANK C R EO I T TO L . 4 . 3 SEASONALLY AOJUSTEO
( B I L L I O N S OF OOLLARS)

SEASONALLY AOJUSTEO ANNUAL RATES

I
2
3
4
5

T O T A L BANK C R E D I T SAAR—
F/F
L.4.3
DI FFE RENC E
DI FFE RENCE AT QUARTERLY RATE
D E FINITIO N ♦ TIMING

6
7
8
9

SEASONALS
METHOD
BALANCE ADJUSTMENT
OTHER

10
11
12

U . S . 6 0 VT. SECURITIES ~
F / F , SAQR
L . 4 . 3 , SAQR
T O TA L D I FFE REN CE, SAQR

13

D EFINIT IO N ♦ TIMING

14
15
16
17

SEASONALS
METHOD
BALANCE ADJUSTMENT
OTHER

SEASONALLY AOJUSTE O ANNUAL RATES
YEAR TOTALS
1967
1968

1965

1966

116.4
108. 8
7 .6

16.8
16.1
.7

37.0
3 6 .0
1.0

39.2
38 .1
1.1

1.9
1.2

.7
*

1.0
.4

.7
.7
*

.7
.7

.6
.6

-

*

"

1
1969 |

1969

1970
II

III

1.3
-1 .6
2.9

23 .4
24.0
-.6

6 0 .4
66.0
-5 .6

.2
-.1

.7
2.8

-.2
-3 .3

-1 .4
-.4

4
5

.2
1.0
.2
-.9

-2 .1
-.9
-.8
-.4

3.1
.9
.3
2.0

—1 . 0
-2.1
.2
.9

6
7
8
9

-2 .0
-2 .9
.9

.3
-.6
.9

2.3
3.8
-1 .5

I

II

III

IV

10.0
7.4
2.6

8.7
8.8
-.1

2 2 .2
14.4
7.8

*
-2 .0
2.0

9.2
8.4
.8

1.1
.3

2.6
.7

*
1.5

1 .9
-1 .4

.5
.7

.8
.8
*
*

1.9
1.8
.2
-.1

-1 .5
-.2
-.6
-.6

3.3
3.2
-.3
.3

-.2
-2 .3
.9
1.2

2.8
1.8
1.0

-11.1
-9 .5
-1 .6

-3 .8
-4 .1
.3

-2 .7
-1 .6
-1 .1

-2 .6
-.9
-1 .7

9.4
6.1
3.3

1.2

-.3

3.1

.8

-1 .3

.5

-1 .4

-1 .0

.6

2.2

-2 .3

1 . 2 13

.2
.2
*
~

.1
.1

.2
.2
-

.2
.2
*
*

-.3
-.4
.2
-

-.2
.3
-.3
-.1

.4
*
-.2
.2

-.7
-2 .1
.8
.3

.3
1.3
-.2
-.4

-1 .3
-.5

.8
-.5
.4
.5

- 1 . 2 14
- 1 . 6 15
. 4 16
- . 3 17

1.9
3.9
-2 .0

9.7
12.7
-3 .0

9.0
10.2
-1 .2

1.0
-1 .4
2.4

.6
.5
.1

.8
-.5
1.3

.2
-1 .4
1.6

-.7

1.5
1. 7
-•2

2.9
1.8
l.l

2 . 4 18
3 . 8 19
- 1 . 4 20

-.3

-

5.0
6.1
-l.l

21

D E FINITION

-.6

-.2

-3 .0

-1 .0

1.8

.6

.2

1.3

-.3

22
23
24

SEASONALS
METHOD
OTHER

-.5
-.5
-

-1 .7
-1 .7

*
*

-.1
-.1
*

.7
.7

-.4
-.8
.4

1.1
1.2
-.1

.3
.9
-.5

-.4
-.6
.2

25
26
27

T O T A L LOANS —
F / F , SAQR
L . 4 . 3 , SAQR
T OT AL DI FFE REN CE

26.4
24.9
1.5

18.5
1 5 .6
2.9

17.8
17.2
.6

27 .4
26.2
1.2

2 0 .1
1 9. 3
.8

5.3
5.9
-.6

7.4
6.1
1.3

2.3
2.4
-.1

5.0
4.9
.1

D EFINIT IO N ♦ TIMING
SEASONAL S
METHOD - 1
METHOD - 2
BALANCE ADJUSTMENT
OTHER

-.7

-

*

-1 .5
-. 5
-1 .0

.6
-1 .4
2.0

9 . 5 25
9 . 5 25
* 27
-.2

28

.2
—1 . 0
.1
-.2
1.4

29
30
31
32
33

.5

.3

.6

.2

.4

-.1

.4

-.4

.9

-1 .0

.4
.1
.2

-

*

.6
2.0
-1 .3
*
-

.5
.9
-.3
•
1

-1 .0
.4
-.1
-.4
-.8

1.4
1.8
-.2
-.1
-.1

- .4
-1 .7
*
.1
1.1

.5
.4
*
.4
-.2

-1 . 9
-. 5
-.3
-.1
-1 .0

3. 1
2.5
-.1
-.2
.9

11 1/7 0 DATA ARE BASED ON P REL IMI NARY INFORMATI ON S UBJECT TO R E V I S I O N .

Relationship to Seasonally Adjusted Bank Credit
"L4.3" in this table is a short reference to seasonally adjusted bank
credit as published in the Federal Reserve Bulletin on page A23. Both the Flow
of Funds and L4.3 data in this table exclude credit of nonconsolidated bank
affiliates.
Line
7, 15, 23

Difference in seasonal between L4.3 components
adjusted individually as flows and the
seasonal in L4.3.

8, 16, 31

Adjustments to F/F bank credit components used
in balancing seasonals in the flow-of-funds
matrix as a whole.

9

Sum of lines 17, 24, and 33.

17, 24, 33

Differences in
components
components
the sum of

30

Sum of seasonals for F/F loans by types less
sum of seasonals for L4.3 loans by type.

31

Sum of seasonals for L4.3 loans by type less
seasonal on total loans in L4.3 adjusted
directly.

seasonal between F/F bank credit
and the corresponding L 4 .3
adjusted as follows. Line 33 is
differences for seven loan types.

21

.8

2.4
1. 0
1.4

-

-1 .4

* 22
. 5 23
- . 5 2*

.6

-

3 . 2 10
3 . 2 11
* 12

l.l
.9
.2

. 9
.9
-.1
•
-

N O TE - - S OU R CE DATA SH1W4 HERE INCLUDE CCC AND E XPORT-IMPORT
BANK LOAN P A R T I C I P A T I O N S I N OTHER I NVESTMENT S FOR ALL P ERI ODS.
PUBLI SHED DATA I NCLUDE THEM IN LOANS BEFORE 1 1 /6 6.




1
2
3

-3 .6
-3 .5
-.1

OTHER S E C U R I T I E S - F / F , SAQR
L . 4 . 3 , SAQR
TOTAL DI FFE RENC E

29
30
31
32
33

I

-2 .3
-3 .6
1.3

18
19
20

28

1
I

OTHER LOANS
OPEN-MARKET PAPER AND OTHER LOANS
(B IL L IO N S OF DOLLARS)
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1966

YEAR TOTALS
1967
1968
OTHER LOANS - -

NET INCREASE IN L I A B I L I T I E S
HOUSEHOLDS
FARM BUSINESS
NONFARM NONCORP. BUSI NESS
CORPORATE BUSI NESS
S T A T E AND LOCAL GOVERNMENTS
SPONSORED CR. AGENCIES
BANK A F F I L I A T E S
SAVINGS I N S T I T U T I O N S
FI NANCE N . E . C .
REST OF THE WORLD
NET INCREASE IN ASSETS
CORPORATE BUSI NESS
U . S . GOVERNMENT
SPONSORED C RE DI T AGENCI ES
MONETARY AUTHORI TY
COMMERCIAL BANKS
MUTUAL SVGS. BANKS
INSURANCE
FI NANCE N . E . C .
REST OF THE WORLD

SECTOR TOTALS

1 2. 7

1.6

27.2
2 .9

1.2

1.9

3.6

17.9

2 5. 0
3.0

2.1

1.1
2.1
2.0

6.2

26. 7
3. 4

1.6
3.5

. 5

1.0

-2 .5
3.4

1.8

.9
2.5

1.5

1.2

3.0

2.0

7.2
.5
2.9

11.6

6.6

12.7
4.5
3.9

1.0
.1

2.0
2.8
1.6
*
1.6
.1

1.5
3.8

-1.8
*
2.4

1.2
-.1
-1.1

1.5
1.7

4.2
4.0
4.6
2.4

2.9
2.3
2.4

4 .2
3.1
4.6
3.4

5.0
5.3
8.9

1.8

2.6
2.0

2.1
1.2

2 7.2
8.7
3.2
4.8

1 7. 9
2.9
2.9
3.7

2 9.0
1 1.7
3 .0
4.0

3 7 .0
13 .1
3. 8
5.7

2 5.0
7 .2
3.0
5. 9

.5
.3
3.2
5.5

26.7
14.4
2.4
5.6
*
-. 5

.5
2.5
4.7

♦

1.0

*
-.1

.8

*

.5

.1
2.0
6.1

6 .9
4.8

.1
1.6
.2

1.7

4.2
8.3
1.7

-.2

2.4
15.6

2.2

2.3
1.7

-.1
4.4

4.2
3. 0

- 3 . 5 10
. 4 11
-5.5
-11.0
2.4
.9
.2
1.3

12
13
14
15
15
17

.418

2 . 3 19
- 2 . 3 20
. 3 21

OPEN-MARKET PAPER

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

OPEN MARKET P A P E R- T OT A L
D I R E C T L Y - P L A C E D P AP ER- TOT AL
L I A B I L I T I E S OF:
FINANCE COMPANIES
BANK A F F I L I A T E S
ASSETS OF:
NONFI N. CORPORATIONS
L I F E INSURANCE COS.
COMMERCIAL BANKS
DEALER- PL ACED P A PE R -T O TA L
L I A B I L I T I E S OF :
N O NF IN . CORPORATIONS
FI NANCE COMPANIES
BANK A F F I L I A T E S
ASSETS OF:
N ONFI N. CORPORATIONS
I NVESTMENT COMPANIES
COMMERCIAL BANKS
BANKERS' A C CEP TA NC ES -T OT AL
L I A B I L I T I E S OF:
REST OF THE WORLD
N ONFI N. BUSI NESS
NONCORPORATE
CORPORATE
ASSETS O F:
AGENCI ES OF FGN.BANKS
REST OF THE WORLO
FEDERAL RESERVE
COMMERCIAL BANKS

4.4

4.0

4.1

12 .2

8.2

12.7

17.1

1 0. 6

15. 9

6.7

- 1 4 .5

1

1.0

3. 0

1.4

1.7

6.5

2.6

5.8

10.3

7.4

1 1 .2

5. 8

-1 0.6

2

1.0
~

3.0
~

1.4

1.7

3.5
3.0

2.2
.4

3.7
2.2

6.7
3.6

1.6
5.8

2.3
8. 9

1.0
4.9

-1 .2
-9.4

3
4

.9
.1
.1

1.9
.1
l.l

.3
.1
1.1

3.1
-.1
-1 .4

5.9
.7
-.1

2.3
.9
-.7

6.9
-.5
-.6

9.2
.8
.3

5.1
1.7
. 5

10.3
1.4
-.5

5.0
-.7
1.5

-10.3
-.3
*

5
6
7

-.3

1.2

1.8

2.3

4.6

5.2

5.4

5.3

2.5

4.9

-. 8

-4.1

8

-.3
*

.8
.4

1.4
.4
~

1.5
.8
~

2.3
1.1
1.2

4.6
.2
.4

2.5
1.0
2.0

1.6
2.2
1 .4

.5
1.0
1.0

5.1
-.2
*

.5
-.6
-.7

.3
9
- 2 . 3 10
- 2 . 2 11

.1
.5
.5

1.2
*
.7

1.3
.3
.7

2.8
1.2
.6

.6
3.8
.8

4.9
-.4
1.0

3.8
1.3
.2

2.1
.2
.3

4.1
-.1
.9

CO
fJJ

1

. 7

-.7
-5 .5
2.1

12
13
14

.1

15

~
-.4
.3
-.3
*

.3
1.7

.2

.7

.1

1.0

.4

1.4

1.6

.7

-.1

1.7

-.1
.1
*
*

-.1
.3
.1
.1

.5
.2
.1
.1

-.2
.3
.1
.1

.3
.7
.4
.4

-.3
.7
.4
.4

1.2
.2
.1
.1

-.4
2.0
1.0
1 .0

.8
-.1
*
*

-.5
.4
.2
.2

1 .0
.7
.4
.4

- . 6 16
. 8 17
. 4 18
. 4 19

*
.4
.1
-.4

♦
.3
*
*

-.1
.2
*
.7

-

-

.6
-.1
-.4

1.0
*
*

-.1
.8
*
-.2

-.3
1 .7
*
*

.4
1.7
*
-.5

*
-.2
.1
.8

-.1
.8
*
-.8

-.3
.8
-.1
1.2

. 4 20
. 3 21
. 2 22
- . 8 23

OTHER TYPES
1
2
3

FI NA NC E CO. LOANS TO BUSI NESS
L I A B I L I T Y —N O N O R P . B US .
CORP. BUS.

2.0
1.3
. 6

1.2
1.1
*

-.4
-.1
-.3

2.2
.5
1.8

4.3
.8
3.5

1.0
1.0
*

6.8
.5
6.3

6.7
.5
6 .1

2.7
1.3
1.5

-.8
-.1
-.7

2.4
-.4
2.8

2.8
.1
2 .7

1
2
3

4

U . S . GOVT. LOANS
L I A B I L I T I E S OF:
HOUSEHOLDS
FARM BUSI NESS
NONFARM NONCORP. BUS .
CORPORATE B US IN ES S
S T A T E ♦ LOCAL GOVTS.
SPONSORED C R .A G EN CI ES
REST OF THE WORLO

2.8

2.7

3.7

3.9

3.2

2.9

3 .0

3.8

2.9

2.3

2.2

2.4

4

5
6
7
8
9
10
11

.2
.1
.2
.3
.3
.2
1 .5

.5
*
.2
.4
.6
-.2
1.3

.3
.2
.4
.2
.2
-.1
2.6

.4
.2
.4
.2
.3
.2
2.2

.4
.2
.3
.1
.4
-.3
2.1

.5
-.2
.3
.1
.5
-l.l
2.7

.1
.1
.1
.1
.3

-

.4
.3
.4
.1
.5

_

.5
-.1
.4
.2
-.4

.1

-

.5
.4
.4
*
.3

2.2

2.2

1.2

1.7

1.4

12
13
14
15

SPONSORED C R E O I T AGENCY LOANS
NONFARM NONCORP. B U S . t B C )
FARM BUSINESS ( F ICB I
SVGS. ♦ LOAN ASSNS. ( FHLB »

1 .0
.1
.3
.7

1.6
.2
.4
.9

-1 .8
.2
.5
-2 .5

1.2
.1
.2
.9

4.8
.2
.6
4.0

3.7
.2
.6
2.9

4.0
.2
.7
3.1

5.7
-.1
.4
5.3

5.9
.3
.8
4.8

5.6
.3
1.0
4.4

1.7
.1
.7
.8

16
17
18

POL IC Y LOANS IHSHOL 0 L I A B . )
ASSETS U . S . GOVT.
L I F E I NSU R. COS.

.6
*
.5

1.5
.1
1.4

1.0
.1
.9

1.3
*
1.2

2.5
*
2.5

1 .6
*
1.6

2.5
*
2.5

3.4
*
3.4

2.6
.1
2 .5

3.0
.1
2.9

2.6
.1
2.6

2 . 6 16
. 1 17
2 . 6 18

*

.1

.1

*

.3

.5

.1

.3

.2

.7

*

. 4 19

.)
.1

.1

-

-

-

-

-

-

-

-

-

-

19

20

MUTUAL SVGS. BANKS LOANS TO
NONCORP. BUSI NESS

ASSET- COMMERCI AL BANKS

1 1 1/70 DATA ARE BASEO ON PRO. IM INARY INFORM ATION SU B JE CT TO R E V IS IO N .




.1
.2
.2
.3

.5
5
.1
6
.4
7
.1
8
.2
9
10
1 . 1 11
.9
.4
.2
.3

12
13
14
15

20

5 NOVEMBER 1970
SEC URI TY CREOI T* TRADE C R E D I T ,

SECURITY CREDIT, TRAOE CREDIT, AND TAXES

ANO TA XES
S EC UR I TY C R E D I T , TRADE C R E D I T , AND TAXES
( B I L L I O N S OF DOLLARS)

PAYABLE

SEASONALLY ADJUSTED ANNUAL RAT ES

SEASONALLY ADJUSTED ANNUAL RATES
1965

YEAR TOTALS
1966
1967
1968

1
1969 |

1969
I

II

IV

III

|
I

I

1970
II

III

. . .

SEC URI TY CREDI T

1
2
3
4
5

6
7

8
9

10
11
12
13
14
15

NET CHANGE IN L I A B I L I T I E S
CUSTOMERS
SEC URI TY LOANS FROM BANKS
CUSTOMER D E B I T BALANCES

.9
.9
.4
.5

BROKERS * DEALERS
S EC UR I TY LOANS FROM BANKS
FROM A G . OF F GN. BANKS
CUSTOMER C R EO I T BALANCES

*
-.3
-.3
.5

NET CHANGE IN ASSETS
HOUSEHOLDS
FOREIGN
COMMERCIAL BANKING
FI NAN CE N . E . C .
BROKERS ANO DEALERS
A G . OF FGN. BANKS

.9
.5
*

.1
.2
.5
-.3

.4

-.2
*

-.2
.6
.6
.1

5.6
3.5

.6
2 .8
2 .1
.9

4.4
2.3
.3

2 .0
2 .0
1 .0

-

-

•

1 .2

1 .0

.4
*
*
.5

5.6

1 .1
.1
1.5

4.4
.7
.3
1 .3

-.1
-.2
.1

2 .8
2 .8

2 .0
2 .0

-

-

6 .0

-4 .8
- 2 .6
*
- 2 .6

-1 4.1
-4 .7

1 .8
-6 .5

.2

1 .8
2 .8
-.2

-1 .9

-.9

- 2 .2
- 1 .2
- 1 .0

-9 .4
-7 .7

-4 .8

-14.1
-1 .5
-.3
-5 .9

- 2 .6
- 2 .6
-

-.8
-.2
- 1 .2

.6
- 1 .1
-.7
-.5

.6
- 1 .0

.1
2 .2
-.6

- 1 0 .0
-5 .5
-.3
-5 .2

4.2

.8

- 1 .0

1 .8

-4 .5
-2 .3
*
- 2 .2

3.4
2.4
-

- 1 0 .0
- 1 .8
-.4
- 2 .6

4.2
l.l

-5 .2
-5 .2
*

10. 0

-6 .3
-6 .5

-.5

.2

-.2

9.6
.4
.5
-.9

1 5 .1
.4
•
.4

14.5
.4
.4

.4

12.3
.4
.4
*

5.7
.5
*
.7

10.9
.5
-.3
.4

8.5
.5
- 1 .1
1 .7

I* .5
.5
-.3
-.5

13.2
.5
-.4

19.5
17.3
.9
.3

2 0 .1

2 1 .1

18.2
1.4
.3

18.5

1 .0

20.9
18.3
1.7
.3
.5

.1

.3
1.3

-7 .2

-11.3

-5 .0

-6 .7

5.7
5.6
*
*
*
*
*

-3 .3
-3 .9
*

1.4

1 .0

-7 .1
- 6 .8
- 2 .0
-4 . 8
-.3

1 .1
.2
- 1 .6

-1 2 .5
-4 .6

.1
-4. 7
-7 .9
-5 .8

-.2
-1.9
-12.5
- 1 .8

1.4

-7 .1
-1 .3
-.3
-.9

1 .8
1 .8

-4 .6
-4 .8

-4. 9
-4 .7

-.1

.2

-.1
-5 .7

-.2

1
2

9.4
. 8
.4
.4

3
4

8 .6

5

7. 5
*

6

1 .0

7
9

9.4

9

1 .0 10
*
11
7 . 9 12
. 4 13
. 4 14
* 15

TRADE CREOI T
8.4
.4

N ET CHANGE IN L I A B I L I T I E S
HOUSEHOLDS
FARM BUSI NESS
NONFARM NON CORP. BUSI NESS
( PAYABL ES LESS RE CEIVABLES)

.7
-.7

9 .3
.3
.9
-1 .3

CORPORATE BUSI NESS
S T A T E ANO LOCAL GOVERNMENTS
U . S . GOVERNMENT
FOREIGN

9.1
.4
.5
-.4

7.8
.5
.7
.5

2 .6

15 .8
1 5.1
.4

13.3
1 1.3

10.9

16.6
1 4. 8

1 .2
.2

8 .8

13

N ET CHANGE IN A SS ETS
CORPORATE BUSINESS
U . S . GOVERNMENT
I NSURANCE
FOREI GN

.5

1.5
.3
.4

.3
.9

14

DISCREPANCY ( 1 - 9 )

-5 .9

-3 .9

-4 .9

- 8 .2

1
2
3
4
5

6
7

8
9

10
11
12

9.8

.2

.2
.1

.4

.8

.8
.6

.5

.6
.6

.6

.6

-.2

1 .1

. 4
.5
.4

1 3. 1
.4

1 .6
. 4

7.9
.4
.3
. 6

7.0
.4
*

6 .8

6.7
.5
- 1 .2

.6

1

2
3
4

7.0
.5
.5
.7

8. 7
.5
-. 5

15. 8
14.1
-.5
.3
1.9

1 8 .0
17. 7
-.7
.3

.6

1 .6

-5 .9

-4 .9

- 6 .0

-7 .6

14

.5
.5

2.9
1.9
*
.9
*

- 1 .2

3.6
3.0

1
2

2 .0

.5
-l.l
.4
14.0

1 2 .8
-. 8
.3

-.1

5

6
7

8

9
14.6
lt.O n
- . 9 11
. 3 12
1 .1 13

P R OF IT TAXES PAYABLE

1
2
3
4
3

6
7

8
9

T O T AL TAXES PAYABLE
N O NF IN AN CIML CORPORATIONS
FEDERAL RESERVE
COMMERCIAL BANKS
SVG. ♦ LOAN AS S NS .
L I F E INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
FI NANCE COMPANIES
BROKERS ♦ DEALERS

10
11
12

TOTAL TAXES RECE IV AB LE
U . S . GOVERNMENT
S T A T E ♦ LOCAL G OVT S.

13

UNALLOCATED

.2
.2

-.1

-4.1
-4.1
*
*
•

3.5
3.7

*
♦
*

.1

♦
•
•

-.1

.1
.1

.1
-.1

1.3

-.3
-.7

1 .7

2 .2
-.5
•
•

*

1 .2
.1
.4

•
•
*

1 .1
.8
*

.6

.8
*
.3
*

-.2

.2

*

*
*
*
*
*

.2
-.1

*
*

4.2
4. 2

-4 .5
-4 .5
•

.3
.3

1 .1

1 .6

1 .2

•

.1
2 .6
2.4

.2

-4 .4
-4 .4
•

.7

.3

1 .0

.1

PROPRIETORS* E QUI TY

*

-.1
.1
•

.2
*
*

.1

.1
-.1
♦

.1

*
*
•

.1
.2
.1

*

-.1
.6

*

*
*

*

*
*

.1

-.3

3
4
5
6
7

8
9

3 . 1 10
3 . 0 11

1 .8
1 .8

.1

.2
.2
-.1

.1

12

1 .0

.4

1 .1

-1 .3

.5

13

•

*

I N NONCORPORATE BUSI NESS

1

T O T A L HOUSEHOLD I NVESTMENT

-1 .9

-4 .1

-4 .6

-3 .2

-4 .8

-5 .3

-4 .5

-4 .7

-4 .5

-4 .6

-3 .6

-4 .5

1

2

NONFARM NONCORPORATE B USI NESS
FARM BUSI NESS

.4
-2 .3

-.4
-3 .6

- 1 .8
- 2 .8

.2

-.6

-.4
-4 .3

-.5
-4 .0

-l.l
-3 .5

-.7
-3 .7

2

-4 .1

-.5
-4 .0

1 .1

-3 .4

- 1 .1
-4 .3

3




I W ORMATI ON !S UBJECT TO R E V I S I O N .

-4 .7

3

5 NOVEMBER 1970
MISCELLANEOUS I

MISCELLANEOUS I
MISCELLANEOUS FIN A N C IA L CLAIMS
I B ILL IO N S OF OOLLARS)

SEASONALLY AOJUSTED ANNUAL RATES

SEASONALLY AOJUSTED ANNUAL RATES
YEAR TOTALS
1966
1967
1968

1
2

T O T AL L I A B I L I T I E S
HOUSEHOLDS
CORPORATE BUS INES S
U . S . GOVERNMENT
SPONSORED C R . AGENCI ES
MONETARY A U TH O RI TI ES
COMMERCIAL BANKS
BANK A F F I L I A T E S
SAVINGS I N S T I T U T I O N S
L I F E INSURANCE COMPANIES
NON LI FE INSURANCE COMPANIES
FI NAN CE N . E . C .
REST OF THE WORLD

18.3
.4
6.5
-.9
.4

23
24
25
26
27

T O T A L ASSETS
HOUSEHOLDS
FARM BUSI NESS
NONFARM NONCORPORATE BUSINE
CORPORATE BUSI NESS
SPONSORED C R . AG ENCI ES
U . S . GOVERNMENT
COMMERCIAL B A N K I N G ^
SAVI NGS I N S T I T U T I O N S
L I F E INSURANCE COMPANIES
P R I VA T E PENSI ON FUNOS
S . * L . GOVT. R T R . FUNDS
REST OF THE WORLO
BANKS I N TE RR. ANO P OS S.

28

UNALLOCATED. NET

3
4
5

6
7

8
9

10
11
12
13
14
15
16
17
18
19

20
21
22

(A)

5. 0

16.5
.3
5.2
-.4
.5
*
2.9

-

-

.3

.5

1 .2
1 .8
.5
3.3

1 .8
2 .1
.8
2 .8

10.9

1 1 .2

-.1

1 .2
.2

..

.4

1 .0
.1
.4
1.4

1 .0
.2
.6
.1

1.7
.3
.4
3.8
*

-.1
1 .2
1 .0

24.1
.4
6.9

10.5

1
1969

34.9
.3
6.5
.4
.4
.4
1 6. 6
.9

|

1969
I

II

42 .4
.4
5.0

48 .6
.4
6.5

.1
.3
-.7
2 6.6

1*5

.6
1 .8

1 .6
1 .2
1 .8

1 .1

2 .7
1 .7
2.5

2.7
.9
2.5

9.1

16.5

*
1. 9

.9

1 .0
-.6
-2 .3
28.2
3.5
1.4
1.9
2.7

1
III

IV

38 .7
.3
6.7
-.3
l.l

1 1 .2

16 .0
1.5

- 2 .2
-3 . 0

.3
7.4
.9
. 6

|

I

2 2 .0
15ll
1.4

1 .0
— 6. 9

1970
II
2 8. 0

.3
8 .8

-.4
1.3
. 7
1. 8
.5

.3

1 .8

lls

1.9
2.9
-.4

3! 8

2 .2

4.4

-.9

6 .6

2.3
3 .0
1.3
6.5

19.6

29 .9

1 5 .7

.7

2 .1

2 .0

9.1

2 .0

2 .2

1 1 .1

.3
.5
3.4
.3

.3
.5
1.4
.3

.3
.5

.3

.1

- 1 .0
*
. 5
.5

2.3
-.3
.5

1 .6

6 .2

.5

4.0

1.5

- 1 .2
.5

.7
.2
.3
3.3
— .5
#5
.3

1 4 .2
, 3
7.2
, 4.
,1
- 1 .0
-3 . 8

2

1
2
3

4
5
6
7

8
9
2 .2 10
3 . 1 11
1 . 0 12
4. 6 13
,1

4.6

5.3
2 .4
.3
.5
1. 1

3.7

3 . 7 21

^* 5

W

2.3
.3

.5

5.3

.3

.6

III

.5
2. 1

14
15
16
17

18
19

20

.1

.8
.1
1 .1
.1

7.4

5. 3

15.0

1 8 .3

2 2 .8

18.7

23.0

2.7

.2

1 .8

7. 0

1 4 .3

14.5

4.4

-5 .3

-2 .7

-1 .7

- 8 .6 29

.5

.2

1 .1

.4

.8

1.5

1 .6

-.7

1 .1

. 9 30

4. 2

3.9

.1
.1

-.2
.1

-.1
.1

7.0
.3

1 5. 1

.2

16.2
.4

.1

.1

.1

24

,2 25

-7 .4
.3

!l

-3 . 8
*

10. 5

1 2 .8

16.9

8 . 9 28

-7 .0
*

26
27

DEPOSI TS

29

COML. BANK L I A B . TO FGN. BRANCHES
A S S E T - R E S T OF THE WORLD

30

DEP. AT AG .OF F G N . BANKS (F I NA NC E N. E . C .
A S S E T - R E S T OF T HE WORLD
-• 5

>3

FOREI GN CURRENCY EXCEPT O F F I C I A L - L I A B I L I T Y —REST OF THE WORLD
-.1
ASSETCORPORATE B USI NESS
*
U . S . GOVT.
*
COMMERCIAL BANKS
-.1

LIAB. )

.2

.2

-.1

-.1

*

-.2

- 1 .2

.1
-.5
.2
.4

-.3

31
32
33
34

POSTAL SAVINGS D E P O S I T S C U . S . G O V T . L I A B .
ASSET - HOUSEHOLDS
-.1
(B )

EQUITIES

DI RE CT FGN. INVESTMENT BY U . S . C O R P .
L I A B . - R E S T OF THE WORLD
3.3
DI RE C T I NVESTMENT I N U . S .
AS S E T - R E S T OF THE WORLD
.1
U . S . G O VT . E Q U I T Y IN I BRD, E T C .
L I A B I L I T Y - R E S T OF THE WORLD
DE POSI TS AT FHLB C S . * L . A S S N S .
LIABILITY-SPONSORED CR.AGS.




-.4

.8

5.3

2 . 3 36

1 .8

.6 37

.3

AS SET)

111/70 DATA ARE BASED ON PRELIM IN AR Y INFORM ATION SUBJECT TO R E V IS IO N .

Banks plus affiliates.

.7

.1

E Q U I T I E S IN U . S . G . C R . A G E N C I E S
U. S. GOVERNMENT
P R I VA T E
NON FARM NONCORP. ( B C )
FARM BUS. ( F I C B ♦ FLB )
S V G S . ♦ LOAN A S S N S . ( F h L B )
CORPORATE BUS . IFNMA)

]/

3.8

-.5
.1
-.1

-.1
. 2 40
. 1 41

. 1 44
. 1 45

5 NOVEMBER 1970
MISCB.LANEOUS II

MISCELLANEOUS I I
MISCELLANEOUS F IN A N C IA L CLAIM S (C O N TIN UED !
(B IL L IO N S OF OOLLARS)

SEASONALLY AD JUSTED ANNUAL RATES

__ _____
1965

(C)

1
2
3
4

LIFE

1
|

SEASONALLY AOJUSTED

YEAR T OTAL S
1967
1968

1969

.3

.4

.3

.4

.4

.3

.7

1 .0

.2

.5
.5

.9
.3
.5

.9
.3

.9
.3
.5

.9
.3

.6

.6

2 .1

2.4

2.7

2 .7

2.7

.7
.4

.8

.8

.8

.5

.5

.5

.2
.8

.2

.2
1 .2

.2
1 .1

.2
1 .1

.2

.2

.2

.2

.2

8

.9

1.3

1.3

1.4

1.4

1.5

9

8.9

10

1966

1969
I

II

III

I
I

IV

1970
II

I

III

INSURANCE CLAI MS

DEFERRED AND UN P AI O PREMIUMS ( L I F E
L I A B I L I T Y - HOUSEHOLDS

INS.
.3

A SS ET )
.4

L I F E COMPANY RESERVES ( HOUSEHOLDS A S S ET )
.6
L I A B I L I T Y - L I F E INSURANCE
.2
ACCIDENT ANO HEALTH
.5
P OL IC Y D I VI D E NO ACCUM.

.5

.3

.3

.3

.3

1

.9
.3

.9
.3

.9
.3

.9
.3

.6

.6

.6

.9
. 3
. 6

2

.6

2 .8
. 8

2.9

.5

.5

3.0
.9
.5

3.0
.9
.5

3.1
. 9
. 5

5

.8
.5

3
4

( 0 ) N O N LI F E INSURANCE CLAI MS
5

6
7

8
9

L I A B I L I T Y - OTHER INSURANCE
ASSET CORPORATE B USI NESS
NONFARM NONCORP. BU
FARM BUSI NESS
HOUSEHOLDS
(E )

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

1.5
.4
.3

1 .8
.6

.1

.2

.7

.7

.4

6
7

UNALLOCATED ASSETS AND L I A B I L I T I E S

NET T O T A L

(LIAB. -

A S S ET S )

T O T AL L I A B I L I T I E S
CORPORATE BUSI NESS
U . S . GOVT.
U . S . GOVT . - W I T H O U T L E VE L S
SPONSORED C R .A GE NC IE S
SAVI NGS I N S T I T U T I O N S
L I F E INSURANCE
BANKS I N T ERR. AN D POSS.
REST OF TH E WORLO
MONETARY A U T H O R I T I E S
BANK A F F I L I A T E S
COMMERCIAL BANKS
FLOATS IN COML. BANK STMN
ON I NTERBANK DE PO S IT S
ON INTERBANK LOANS
L E SS- ON M . B . RESERVES
T O T AL ASSETS
CORPORATE BUS INES S
SPONSORED C R . AGENCI ES
COMMERCIAL BANKING
SAVI NGS I N S T I T U T I O N S
L I F E INSURANCE
P RI VA T E PENSI ON FUNOS
S . + L . GOVT . RTR .FUNDS
BANKS IN TERR .AND POS S.
REST OF THE HORLD

4.8

7.4

5.3

15.0

18.3

2 2 .8

18.7

2 3 .0

10 .5

1 2 .8

16.9

8 .2

9.3
6.4

9.1
4 .9

2 0 .0

2 2 .2

9.8

6 .1
-.2
-.1
1 .2

6 .6

-.1
-.2

2 4 .0
5.8
-.5

25.5

-.2
-.6
.1

17.2
5. 6
.5

13.9
13.2
-2 .4

17.5
8. 4
-.4
.4
1. 8
1.4

4.6

.1
-.1
*

.2

.3
.5
.3

.5

.1

.1
-.1

-.4
♦
-

1 .6
1.5
.3

1 .2
*
3.4
1.4

*
.5

.3
.7

.3

.2

.1

*

*
-

1.3

2 .0

1 .0

.6

.7
*
-.3

*

1 .8

3.8

-2 .5

.1
.8
.8
.2

.1
1.4
.9

.1
.1

-.1
.6
.1
.1

-.4

1.3

.3

-.1

.8

1 SOURCES N . E . C .
2
MISC. FIN AN . L I A B I L I T I E S
3
COMMERCIAL BANKS
♦
FLOATS
5
UNALLOCATED
6
BANK A F F I L I A T E S
7
MONETARY AUTH.
8
SPONSORED AG ENCI ES

.2

5.6
8.4
2.7

1 .0

.6
2 .0

*
*

-.1
.4

*
.5

.3

.3

3.0

1.3
—

—

.9

.2

1.5
-.7

3.3
5.5
.9
4.7

5.4
.4
5.2

.6

.3
- 1 .8

13.2
13.3
8.7
5.5
3 .3
-

.2
-.3

- 2 .1

.8

1 2 .1

- 1 .8

5.0
4.3
-.4

6.9

1 .1

- 1 .2

5.4
.7
.3
4.1

2.5

-.8

2 .2

.3

.2
.1

.1

-.6
.2
-.1
.1

.2

.4

.9
9.9

-1 .5
.3

.2

.2

17.6
2 3 .8
11.5
1.4

9 .4

.2

1 2 .0

8 .8

1 0 .8

23 .4
21.9
1 3 .7
1 3.5

1.5

.2

1 0 .1

1 .6

3.5
-2 .3

1.5
3.5

-.6

1 .1

3.3
-4 .2
5 .0
-9 .2
.3
.4
1.4

14.5
3.6
-4 .1
7.7
.5
.7
1.3

.9
.5
4.5

-.6
-.1

.6
.2

1.3
.5
5.4
l.l

1 5. 7
18.1
9.6
5.4
4 .2
.9
.4
.4

14.8

2 0 .1
12.3

-.7
.3

1 .1
.1

.3

.7

.6

4.1

2 .8

1.4
.3

1 .2

1.9
.9

3.2
.3
2.3
.7
2.9
.3
1.4

.1

.6

1.4

.2

-.1
*

.3

.3

.3

1.4
-.9
-.4
.3

-.7

.8

2.7

- 1 .8

18
19
20
21
22
23

GROSS SAVI NG
TA XES PAYABLE
- PHYSI CAL I NVESTMENT
- G O L D & OFF FGN EXCHANGE
- TRE ASURY CURRENCY
- T RA DE CREOI T
- D I SC RE PA NCY TOTAL FOR AL L
F IN A N C I A L SECTORS

3.6
-.5

4.1

*

3.7
*

-.2

.8

1 .0

1 .0

1.3

-1 .3
.2
.2

-.3
.7

-.5
.5
.3

- 1 .2

.2

.6

1 .6

1 .1

.1
1.4

2 .0

*

2.9

*

2.9

111/70 DATA ARE BASED ON PRELIM INAR Y INFORMATION SUB JECT TO R E V IS IO N .

.2
. 1
.1

*
—3 . 6

23
24
25
25

27
28
29
30
1 .1 31
.2 32
. 4 33
.2 34
* 35
. 1 36

I N SUMMARY TABLE

3.5

2.5
.1
.7
1.7

.1

1 .5

21

3 . 3 22

3.9
-1 .7
.4
3.3

.1
3. 6

-.5
. 1
-2. 5

-.2

.7
-1 .4

.3
. 1
.3
-4 .6

-.5

13
. 4 14
- 1 . 5 15
. 1 IS
1 . 3 17
•1 1 8
2 .0 19
- 1 .0 20

1.5
2. 5
3.8
t .8

.4
. 1
.4
-2 .4

.2

- M I S C . FI N AN C IA L ASSETS
SPONSOREO AGENCI ES
COMMERCIAL BANKING
P R I VA T E NONBANK FI NANCE

l.l

.2
2 .1

1 2 .8 11
6 .6 12

-4 .1
-4 .9
-2 .9
-3 .7

. 7
. 8

1 .1

14
15
16
17

.2

.7
.5
7.7

.2

4.6

.1

.3
1.3

-3 .0
5 .1

.2
1 .0

3.1
- .6

.1
.8
.2
-.2

.2
.2

.2

.4
1.5
.4
.3
-9 .2

1.4
-3 .8

3.9

*

1 .0

13.5
3.3
2.9
-7 .4

3.9
.5
.3

.1
.1
2.7
-.5
.1

*• 7

. 7

1 .1

1 0 .8

.1
.2

SVGS+LOAN AS SNS .
MUT. SVGS. BANKS
INSURANCE
AGENCI ES OF FGN BANKS
BANKS I N T E R R . ♦ POSS.

.3

1 .0
.6

1 0 .1

.1

.1
.1
.1

.8
1 .0

.2

-.6

*

-.7
.9

1 .8
1 .0

1.5

.2

2 .2

1 .0
.8
-.8

.2

1 .6

1.7
.4
.3

-.1

1 .4

*
.9

3.5
1 .5

.1
-1 .9
*
1. 9

1 .6
-.1

-2 .3
3.5

2 .2

9
10
11
12
13




.9
.7
.4
.9
4.2

.1
.1
1 .6

3.8
6.4
2.3

4.1

-.1
.2
.6
1 .2

.6

.3
.2

5.8
5.6
3.1
1-5
1.6

5.7

-.2
.7
.5

COMPONENTS OF "SOURCES N . E . C . "

24

.8

.3

4 .4
.4

.8
.8

4.6
1.5

.8

*

4 .0
.3
4.0

3.0
.3
1.5

1 .1

-.2

1 .2

.4

3.6

3.3
.5
1.4

*

.1

3.0
- 2 .1
5 .1
-3 .0

1 .0
.6
*
.3
4.8

1 .6
.6

4.9
-.7
.4

4.2

3. 5

.2
3.3
.7

2 .1
.2
1 .2

.2
6 .8
.1

-.2

- 1 .0

.3

1.9
.3

3.1

- 1 .0

-.7

-.9

3
4
5
&
7

.1

8
9

. 3 10
5 . 3 11
. 9 12
. 1 13

3.7
.S
1.7
- 1 .0
.3
.3

3.6
*
1.5
- 2 .0
.3
.3

1
2

-.2

7.6
.4
3.7
3.5

3.2
l.l
1.5

.8

4.8
1.5
3.3

3.7
3.1

4.3
*
1.5
-1 .5
.3
.3

2 .0
.2

5.2

10 . 1

14
15
16
17
18
19

20
21
22
23

. 3 24

5 NOVEMBER 1970
T O T A L CLAIMS

T OT AL CLAI MS

23

23

TOTAL F I N A N C I A L ASSETS ANO L I A B I L I T I E S
( B I L L I O N S OF DOLLARS)

SEASONALLY ADJUSTED ANNUAL RAT ES

SEASONALLY ADJUSTED ANNUAL RATES
1965

1966

YEAR TO TA L S
1967
1968

|
1969 |

1 969
I

T O T AL FUNDS RAI SED AND ADVANCED IN CREOI T

1
2
3
4
5

6
7

8
9

10
11
12
13
14
15
16
17

18
19
20
21
22

FUNDS RA IS ED IN C R E D I T MARKETS BY—
NONFINANCIAL SECTORS
70.
70.4
FEDERAL GOVERNM B I T
1.7
FOREIGN
2 .6
P RI VA T E DOMESTIC
6 6 .0
HOUSEHOLDS
2 8 .8
FARM BUSINESS
3.3
NONFARM NONCORP. BUS.
5. 8
CORPORATE NON FI N. BUS.
20.5
S T AT E ♦ LOCAL GOVTS.
7.6
F IN AN C IA L SECTORS
1 2 .1
SPONSORED CR. AGBIC IES
2.3
SAVINGS AND LOAN ASSNS.
.8
FI NANCE COMPANIES
5.2
I NVESTMENT COMPANIES
3.1
COMMERCIAL BANKS
.8
BANK A F F I L I A T E S
EQUALS— TOTAL FUNDS R AI SE D ANO ADVANCED
I N C REOI T MARKETS
82 .5
NET A C QU I S I T I O N S B Y: P RI VATE DOMESTIC
NONFI NANCI AL SECTORS
6.0
HOUSEHOLDS
2.5
NONFARM NONCORP. BUSINESS
NONFI NANCI AL CORPORATE BUS.
S T A T E ♦ LOCAL GOVTS.

23 U . S .

GOVERNMENT

68.5
3 .5
1.5
63.4
2 3.2
3.5
5.5
24.9
6.4

F I N AN C IA L I N S T I T U T I O N S
SPONSORED C RE DI T AGB4C IES
FEDERAL RESERVE SYSTEM
COMMERCIAL BANKS
BANK A F F I L I A T E S

29
30
31
32

P V T . NONBANK FINANCE
MUTUAL SVGS. BANKS
S VGS. + LOAN AS SOCI ATI ONS
C R ED I T UNIONS

39.0
3.9
9.6
1 .0

33
34
35
36

L I F E INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
PVT. PENSION FUNDS
S . + L . G O V T . RTR. FUNDS

8.2
1.1

37
38
39
40
41

FI NANCE COMPANIES
OPEN— END INVESTMENT COS.
S E C U R I T Y 8R0K BR S + DEALERS
AGENCI ES OF FGN. BANKS
BANKS IN U . S . POSSESI ONS

3.8
2 9.0

5.2
3.3
5.2

2.0

1 5. 0
3.5

31.1

1 .1

4 .1

-1 .7
.9

3.7

2 .6
.2

.1
-

-

80.0

84.0

18.9
1 1. 9

7 4 .0

2.2

1 .3

-.6

.1
2 .8

2.8

2*
25
26
27
28

97 . 4
13.4
3.0
81.1
31.8
2.9
5.2
3 1 .0

1 1.5
4. 8

3.1
3.4

5.1
3.5
16.2

8 8 .2

82.6
13 .0
4 .1
65.5
19.7
3.5
5.0
2 9.4
7.9

-3 .6
3.5
88.3
3 1.6
3.6
6.4
37.8
8.9

1 0 .2

8 .8

8 8 .8

6.9

8.9

4 .1

-11.5

120.5

131.4

115.8

1 0 7. 9

1 16.9

1 1 2. 3

17

3 6 .4
16.0

33.6
21.5

18.0

1 2 .1
4.1

49.4
32.3
1.3
1 0. 9
4.9

-19.7
11.3
. 5
-23.7
-7.8

18
19
20
21
22

3.7

2.8

2.7

2.8

2 . 7 23

6 3.4
14.2
1.3

86.7

1 2 1 . 5 24
8 .6 25
7 . 5 2S
5 2 . 5 27
- 1 1 . 4 28

4.2
1 1 9. 3

1 0 9. 8

1 5 .1
5.4

37.4
1 8. 8
.5
1 0 .8
7 .2

42.0

22.2
1 3. 1
6. 5

8 9.8
3.2
3.7
38 .0

7 7 .3
8.9
4 .2
1 1 .1
3.8

9 6 .0
7.1
5.0

1 0 .8
6 .1

2 .1
7 9. 7
28.6
3.5
6.5
3 3 .4
7.7
3 3.7

1 2 .6
4.6
5.5
4.2

7.0

6.2

49.3
3.0
10.0
1.5

44.1
4.9

56.8
3.5
1 1.7

53.2
1.4

43. 8
2.3

8.8

6.8

1.8

8.1

8.4

8.5

1 .9
5.5
3.8

2 .1

2.6

8.6

5.4
4.5

6.2
5.0

1.9
5.7
4.2

8.6
2.7
5.5
5.8

1.5

1.1

9.6
3.0

7.1
2.9
5.6
3.5

8.0
6.4

-.6
2 .1

2.2

15.2

1 1.5

3.4
•1.5

1 .2
.2

6 .6
5.9
29.1
4.7

34.3
2.5
4.6
.7

40.5
4.9

8 .6

9.3
2.7
5.2
3.8

8.2

4.6
2 .9
-3 .0

82.5

2 2 .1
3. 8

1.4

20.0

-.4
2.5

2 7. 8
14. 7
2. 5

*

1 4.6
1.4

3.1

8 .8

1 .6

10.7

7 4 .5
13 .1
9 .2
7.8
.7

7.8
3.4

9 .4
9.1
1.7
5. 4
4.6

13
14
15
15

112.5

5.2
2.4
-.1

15.6
4. 7
. 8
2.7
3.3

1
2

-.1

77.3

2.4
2.5
.7

5.1
40.3
11.3

1 03 . 0
18. 8
•6
8 3. 6
26 . 4
3.1
6. 5
35. 7
11.9

*
5.0

.1
.8

1 .6

1 .0

1 01. 3
1 7 .2

37.9
10.9
5.1

.1

4 4.9
4.3
1 0 .0
1 .2

80 .0
3.3
2.7
74.0
2 4 .7
1. 8
4. 5
3 4 .2

31.7
7.5
3.6
1 1.4
4.7
.3
4 .2

2.6

2.7
4.2

1970
II

20.9
4 .1
3.2
5.1
7.6

5.2

4.8
3 5.5

82 .2
.4

I

1 0 .1

6 .2

4.6

-.1

93.4
3.7
2.4
87.3
31.3
3.7
7.3
3 8 .0
7.0

|
|

1 0 .8

8 .2

1.2

IV

MARKETS

37.6

.2

5.6

III

-1 3.3
5.5
9 6 .6
34.6
3.8
5.8
42.3

5.5
4.7

1.1

-

88.9
-5 .3
4.2
9 0 .0
32.2
3.2

II

1 0 .2
1 .2

2.7
.3
4.2
-.7

2.2
-2 .9
l.l
.1

3
4
5
5
7
g
9

10
11
12

6 4 . 3 29
5 . 4 30
1 5 . 6 31
1 . 3 32
1 0 .6
2.8
6 .2
5.7

33
34
35
36

5 . 0 37
2 . 8 38
8 . 2 39
. 8 40
. 1 41

42 REST OF TH E WORLD
T O T AL C LAI MS ANO TH E IR R E LA T IO N T O T O T AL FI N AN C IA L ASSETS
1 TOTAL C REOI T MARKET DEBT
(FROM PRECEDING T A B L E )
OTHER DEBT FORMS—
2
FOREI GN EXCHANGE

8 2 .5

3

TREASURY CURRENCY

4
5

DEPOSI TS AT F I N A N C I A L I N S T S
BANKING SYSTEM
DEMAND DE P. ♦ CURRENCY
T IM E AND S VG S . DE P O SI T S
SAVINGS I N S T I T U T I O N S

40.8
27 .7
7.6
20.0
1 3. 1

22.8
1 5 .9

INSURANCE ♦ P BI S ION RESERVE
U . S . GOVERNM B I T
INSURANCE SECTOR

1 7. 1
1.4
1 5.7

1 8. 1
1.4
16.7

S E C U R I T Y C REDI T
TRADE DEBT
PROFI T TAXES PAYABLE
NONCORP. P ROPRI ETORS'
MISCELLANEOUS

.9
9.8
1.7
-1 .9
1 3.6

.4
9 .3

6
7

8
9

10
11
12
13
14
15
16
17
18
19

20
21
22
23
24
25
26
27
28
29
30

84 .0

112.5

1 1 9. 3

109.8

.2

.2

.V

.5

5 5 .1
38.1
14.3
2 3 .8
1 7. 0

43.7
3 1.3
10.7
2 0 .6
12.4

3.6
-4 .4
6.6

7.9

-12.5
-1 8 .3
3.2
-2 1 .5
5. 8

20.6

2 0 .1

19 .5

.2

EQ.

INTERBANK a AIM S
MEMBER BK. RESERVES
VAULT CASH
FEDERAL RESERVE FLOAT
MEMBER B K . BORROWING
AF F . LOANS TO BANKS

.3
.4
.3
-.4

2 .6
13.3
7.0

.2

5.6

6 .0

-4 .1
18.3
2.3
1.3

1 .6
L .2

.6

2 0.4
1 .7
1 8. 7

18.5
1.8
1 6. 7

-4 .8
12.3

-1 4.1
9.6
5.7
-5 .3
42 .4

-11.0

1.4
1 8 .7

-4 .1
-4 .6
1 6.5

8.0

-3 .6
-17.0
- 1 0 .1
- 6.8
13.4

4.4
8.4
3.5

1 .1

- 2. 0

.1

.5
*
*
-

1.3

T O T A L DEBT ABOVE
148.2
165.3
DEDUCT— FLOATS NOT INCLUDED IN ASSETS
DEMAND DEPOSI TS—U . S . G O V T .
.4
-.3
OTHER
2.5
.3
TRADE C R E D I T
-5 .9
-3 .9
DEDUCT— L I A B I L I T I E S N OT ALLOCATED AS ASS ETS
TREASURY CURRENCY
.1
.2
TAXES PAYABLE
.4
.7
MI SC &L A NE O US
4.8
7.4

181.9

2 1 8.4

1 8 3. 4

1 6 1. 7
-3 .2

1. 9

-.6
-.6

-8 .2

-7 .2

-1 1.3

.3
5.3

.2
1 .0
15.0

.2
l.l
18.3

T OTAL S ALLOCATED TO SECTORS
AS ASSETS

1 7 8. 2

208.2

1 7 2. 1

-.1
-

163.2

.3

.1
-

143.9

1 .0

.1
2.7
-4 .9

.2

-.6
7.3
-7 .9
8.5
19.9

131.4

115.8

107.9

116.9

112.3

1 6.4
24.2
-7 .8
4.2

16 .0
10.9
-1 .9
1 2 .8
5 .1

42.3
2 6 .7
*
26.6
15.7

9 5 .3
73.0
7.3
65. 7

18.5
1 .2
17.3

20.0
1.4
18.6

2 0 .1
3.6
16.5

2 1 .9
9
1 . 7 10
2 0 .2 11

1 5. 1
-3 .3
-4 .5
48 .6

14.5
1.4
-4 .7
38.7

4.2
1 0 .0
.5
-4 .5
1 1 .2

4.1
2.3

2.9
-l.l
.3
3.2

-1 .4
-.4
-.3
•6

- 1 0 .0

.2
209.1

-1.6

.4

.3

189.2

173.5

-7 .1
13.1
2.9
-4 .6

-12.5
7.9
- 1.2

22.0

6.8
4.3
-.1
2.4
-.3
.5

9.4
7.0
3.6
-4 .5
14.2

12
13
14
15
16

-4 .4
-1 .4

6 . 4 17
4 . 9 18
- . 3 19

.2
-.1

1 . 4 21
- . 3 22

189.4

2 6 4 . 1 23

.6 20

1.5

- 1 .0

1 .2
1.7

-5 .9

-4.9

- 6 .0

1 .0
23 .0

.3
.4
1 0 .5

1.1
1 2 .8

-.2
-1 .3
1 6 .9

8 . 9 29

17 3 .7

168.5

164.5

177.8

258.3 3 0

-.6
-1 .3
-6 .7
1 .2
1 8.7
193.3

- .6

1 5 2. 2

2 4.6
2.4

22.2

-.3
-3 .8
.9
1 .0

111/70 OATA ARE BASED ON PRELIM IN AR Y INFORM ATION SUBJECT TO R E V IS IO N .




1 2 0. 5

.4

.8

*
4.1
-7 .6

24
25
26

* 27
. 5 28

5 NOVEMBER 1970
S AVIN G BY IN D IV ID U A LS

SAVING BY I N D I V I DU A LS
AMOUNT AND COMPOSITION OF IN D IV ID U A L S ' SAVING ( 1 )
(B IL L IO N S CF DOLLARS)

SEASONALLY AOJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
YEAR TOTALS
1966
1967
1968

I N CR. IN F IN AN CI AL ASSETS
CURR. AND DEMAND DE POSI TS
SAVI NGS ACCOUNTS
26 .4
SEC URITIES
U . S . SAVINGS BONDS
OTHER U . S . TREASURY SEC.
U . S . G AGENCY S E C U R I T I E S
S T AT E ♦ LOCAL OB LI G AT IO N S
CORP. AND FOREIGN BONDS
INVESTMENT CO. SHARES
OTHER CORPORATE STOCK
P VT . L I F E I N S . RESERVES
PVT. INSURED P EN. RESERVES
PVT . NONINSURED P EN . R E S .
GOVT. I N S . ♦ PEN. RESERVES
M I S C . FI N AN C IA L ASSETS

5 6 .0
7.3
1 9. 1
3.3

54 .4
3.1

6 6 .6

|
1969 1

1969
I

II

53.8
-7 .9
19.6
20.5
-.5
1 2 .0
4.5
5.0
4.8
7.6
-13.0

47.2
5.5
14.5
3 .9
-.4
-2 .3
4.8
1.7
5.3
4.7
-1 0.0

62.8
-1 .5
5.1
29.8
-.7
2 1 .0
3.9
3.3
4.7
6.1
-8 .4

1.9
8.1
5.0
4.7
4.2
-8 .0

4.6
2.9
6.4
5.6
5.7

4.5
3.3
6.2

5.3
3.4
3.9
5.9
3.1

3.7
2.6
7.0

4.5
3.0
7.7
9.3
4.8

4.4
3.1
6.3
4.7
4.4

1 1 4. 1
116.7
1 3 2. 4
18.91 7 .0
21.2
24.0
25.6
26.5
70.8
73.1
84.0
.4
.9
.6

1 41 .4
21.8
28.3
9 0.0
1.2

1 40. 0
2 2. 1
28.1
8 9. 1

.8

.8

10 0. 0
8.5
20.3
71.3

10 2. 1

.6

.6
2.6
4.2
2.1
2.0
3.7
-4 .7

4.7
2.1
5.6
4.8
1.9

4.5
2.1
6.1
5.3
3.7

4.7
2.6
6.7
6.0
4.8

10.5

6 .6
3.9

6 .6
3.4

17 GRCSS I N V . I N TA NG I BL E ASSETS
18
NONFARM HOMES
19
NONCORP BUS. CONSTR + E Q U I P .
20
CONSUMER DURABLES
21
I NV EN T OR I ES

1 1 0. 8
19.1
2 3 .7
66.3
1.7

22 C A PI T A L CONSUMP. ALLOWANCES
23
NONFARM HOMES
24
NONCORP. BUS. PLANT ♦ E Q U I P .
25
CONSUMER DURABLES

75.1
7.1
16.4
51.5

86.9
7.8
1 8.4
6 0 .7

94 .8
8.2
19.5
67.0

1 0 2. 1

26 NET I N V . IN TA NG I BL E ASSETS
27
NOWARM HOMES
28
NONCORP B US . CON ST R. * EQUIP
29
CONSUMER DURABLES
30
I NVEN TORI ES

35.83 3 .9
29 .8
1 2. 0
11 .5
9.2
7.3
6 .8
7.3
14.8
1 5.2
1 2.4
1. 7
.4
.9

37.6
13.0
7.0
17 .0

4 0 .0
13 .6
7.8
17.8

41.2
15.4
7.3
1 7 .7

.6

39 .3
13.2
7.6
17.3
1.2

.8

.8

31 INCREASE IN DEBT
32
MTG. DEBT ON NONFARM HOMES
33
NONCORP eUS. M TG . DEBT
34
CONSUMER C R E D I T
35
S E C U R I T Y C R ED I T
36
POL ICY LOANS
37
OTHER DEBT

3 9.2
15.2

43.9
14.9

4 0 .4
16.3

37.7
1 7. 0

44.2
1 6. 9
7.4
10.4
-1 .2
2.5
8.1

38 I N DI V I D U A L SAVING( 1 * 2 6 - 3 1 1
39 L E S S - G O V T . I N S * PEN RESERVES
40
NET I N V . I N CONS. OUR
C A P I TA L GAINS DI VI DE NDS
41
FROM I N V E S T . C O S .
42
NET SVG. BY FARM CORPS.
43 EQUALS PERS SAVI NG , F/F B AS IS
44 PERSONAL SAVI NG, N I A B AS I S
45 DI FFERENCE 1 4 3 - 4 4 )

.8
.6
5.9

80.3
7.4
17.2
55.6

3 2 .2
12.3
5.8
7.2
-.2
1.5
5.6

3 3 .7
10.5
7.0
4.6
3.3
1.0
7.3

8 .6
20.7
73 . 8

6 .6

6 .8

6 .8

11.1
2.1
1.3
7.9

9.3
-2 .4
2.5
7.8

9.9
-4 .3
1.6

6 .8

8 .6
20.6
73 . 0

5 6 .1
5.3
15.2

6 2 .7
6 .0
1 2 .4

57 .3
5.6
17 .0

55 .3
6.6
17.3

.9
*
32.0
2 8 .4
3.6

1.3
♦
34 . 3
3 2 .5
1.7

1.7
-.1
42 . 6
4 0 .4
2.2

2.5
*
32 . 2
4 0 .4
-8 .1

2.5
5.0
1.9
*
*
*
28 . 8 27 . 3
18.0
37 .6
34.2
3 3 .3
-8 .8
-6 .8
-1 5.3

11 1/70 DATA ARE BASED ON P RELI MI NARY INFORMATI ON SUBJECT T O R E V I S I O N .

56.0
5.9
1 7 .8

143.3
2 4 .0
27.8
90 .6

52.5
4.8
14.8

(1 1C0MBI NE D S TAT EMENT FOR HJUSEHOLDS, FARM, AND NONFARM NONCORPORATE BUSINES




62 .0
17.3
5.9
16.0

56.4
3.4
11.3
1 7. 5
-.4
8.1
5.3
3.8
4.9
5.6
-9 .9

1.3
.2
2.3
.7
3.1
-5 .0

6 .6

IV

6 3 .6
6.9
27 .7
3.8
.5
4.4
2.2
-.2
4.6
4.7
-12.4

1 1 .5
32.5
-2 .3
.9
-1 .3
1.1
-2 .1
4.0
2.6
-7 .4

1 0. 0

|
I

III

4 4.2
6.6
17 .7

.1

53.3
-3 .2
13.?
17.7
-.9
5.2
8. 2
4.0
8.2
2 .1
-9 .1

61.1
-.7
24. 8
12.3

-.2

79.4
1.4
40.2
10.3

1
2
3
4
5

.1

-.1
-.7
1.6
10.4
3.3
-1 .9

4.2
6
-2 .1
7
2.5
8
7.1
9
4 . 6 10
- 6 . 1 11

6 .6 14

5.9
5.5

4.5
3.1
5. 0
7.6
4.7

4.4
3. 1

6 .6

4.5
3.1

12
13

7 . 7 15
5 . 7 16

141.9
21 .9
2 7 .7
89 .5
2.8

140.3
19.3
2 9 .6
90. 8
.5

136.6
1 9. 1
28.3
8 9. 1
.1

141.0
1 8. 5
28.8
91.9
1.9

139.5
17.4
29.5
9 1 .4

104.3
8.7
20.9
74 . 7

106.4

1 08 .6
8.9
2 1 .6
7 8. 0

110.7
9.0
21 .9
79.7

112.9
9.2
22.3
81.4

3 7 .6
13.2

3 3 .9
10.5
8.4
1 4.5
.5

28.0
10.2
6.7
1 1.I

26.7
8.2
7.2
1 0. 0

.1

30.3
9.5
6.9
12.2
1.9

27.2
12.3
5.6
4.8
- 6 .6
3.0
8.1

28.1
1 2. 6
6.7
6.2
-4 .5
2.6
4.4

38.2
14.0
7.7
6.4

8 .8

4 1.2
15.2
6.0
8.4
.9
2.6
8.1

61 .3
9.3
1 4 .8

5 4 .7
4.7
14.5

54.1
5.9
11.1

6 3 .3
7.6
12.2

6 7 . 9 38
7 . 7 39
1 0 . 0 40

2.2
*
34 . 9
4 2 .0
-7 .1

l.l
*
34 . 5
41.1
-6 .6

2.0
*
35.2
44.9
-9 .7

1.8
*
4 1 .8
51.5
-9 .6

1 . 5 41
* 4 2
4 8 . 8 43
5 2 . 4 44
- 3 . 7 45

6 .8
14 .8
2.8
3 9 .1
16.0
7.0

8 .8
-5 .0
3.4

8 .8
21.2
76 . 4

17
18
19
20

1 .2 21
22
23
24
25

26
27
28
29
1 .2 33
31
32
33
34
.8 35
2 . 6 36
6 .6 37