Full text of Z.1 Financial Accounts of the United States : November 7, 1972 (Seasonally Adjusted)

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F / F Seas Adj
JK/72
November 7, 1972




Flow of Funds,
Seasonally Adjusted
3rd Quarter, 1972
Prel iminary

Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D.C. 20551




TABLE LIST
SUMMARY TABLES
1.
2 .

3.

Income and Product Distribution
Funds Raised in Credit Markets
Private Domestic Net Investment and Borrowing in
Credit Markets
Credit Market Supply of Funds
SECTOR TABLES

4.

Households

5.

Total Nonfinancial Business and Noncorporate Business

6.

Nonfinaneial Corporate Business

7.

Governments

8 .

Banking System

9.

Commercial Banking Subsectors

1 0 .

Nonbank Finance Summary
Savings Institutions

1 1 .

Insurance and Pension Funds

1 2 .

Finance N.E.C.

13.

Rest of the World
TRANSACTION TABLES

14.

Monetary and Insurance Reserves
Interbank Claims

15.

Money and Deposits

16.

Money Supply Relation to Other Data

17.

U.S. Government Securities

18.

Private Securities and Mortgages

19.

Mortgages by Type

2 0 .

Consumer Credit and Bank Loans N.E.C.

2 1 .

Bank Credit Relationship to Other Data

2 2 .

Other Loans, Including Open-Market Paper

23.

Security Credit, Trade Credit, and Taxes

24-25.

Miscellaneous Financial Claims

26.

Total Claims--Recapitulation by Type

27.

Saving by Individuals

28.

Discrepancies

<___________

Flow of Funds A c c ounts, Third Quarter 1972
These tables give first estimates for third-quarter
1972 financial-flow accounts based on preliminary and incomplete
information. The tables show the accounts as seasonally adjusted
annual rates. A separate publication presents the same set of
tables as unadjusted quarterly flows. Also available are two
historical supplements giving year-total flows 1945-71, and
year-end outstanding assets and liabilities 1945-71.
Requests for these publications or to be put on the
mailing list should be addressed to the Flow of Funds and
Savings Section, Room 3222, Division of Research and Statistics,
Board of Governors of the Federal Reserve System, Washington,
D.C., 20551.
The third-quarter 1972 figures are based on early
indicators 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 and 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 businesso Also missing at
the time the accounts were put together were balance of p a y ­
ments statistics, final income-and-product data, end-of-quarter
balance sheets for insurance companies, mutual savings banks,
pension funds, and investment companies, and the Treasury
survey of ownership of Federal securities.




Corrected Footnotes to Page 3 .
Line
1 .

Total funds raised, page 2, excluding corporate
e quities.

2 .

Sum of lines 3-6 or 7-10.

6 .

Includes farm and commercial mortgages.

1 1 .

1 2 .

Credit market funds raised by Federally sponsored
credit agencies. Included below in lines 13 and
33. Includes all GNMA-guaranteed security issues
backed by mortgage p o o l s .
Line 1 less line 2 plus line 11. Also line 19 less
line 26 plus line 32. Also sum of lines 27 through
41 excluding subtotals.

17.

Includes farm and commercial mortgages.

25.

Lines 39 + 41.

26.

Excludes equity issues and investment company shares.
Includes line 18.

28.

Foreign deposits at commercial banks, bank borrowings
from foreign branches, and liabilities of foreign
banking agencies to foreign affiliates.

29.

Demand deposits at commercial banks.

30.

Excludes net investment of these reserves in corporate
equities.

31.

Mainly retained earnings and net miscellaneous
liabilities.

32.

Line 12 less line 19 plus line 26.

33-37.

Lines 13-17 less amounts required by private finance.
Line 37 includes mortgages.

39+41.

See line 25.

42.

Mainly an offset to line 9.

43.

Lines 32 + 38 or line 12 less line 27 less line 42.

44.

Line 2 /line 1.

45.

Line 19/line 12.

46.

Lines 10 plus 28.

Corporate equities
Line
1 and 3




Includes issues by financial institutions.

7 N O V C N K R 1972
INCOME ANO PRODUCT

DISTRIBUTION

INCOME

1

INCOME

SEASONALLY

ADJUSTED

1968

YEAH
1969

AND PRODUCT

ACCOUNTS! GNP EXPENDITURES
(BILLIONS OF DOLLARS)

ANNUAL RATES
TOTALS
1970

1971

AND

ANO

PRODUCT

GROSS

SEASONALLY
1
1

1970
IV

1971

1
1

I

II

III

IV

1
1

I

DISTRIBUTION

SAVING

AOJUSTED

1972
II

1

ANNUAL

RATES

III

I

864.2

930.3

976,4

1050.4

989.7

1023,4

1043,0

1056,9

1078.1

1109.0

1139,3

1162,2

2
3
4
5
6

735.7
100.8
96.8
536.2
84.0

789.4
111,2
98,8
579,5
90,8

835,8
122,5
96,5
616,8
90,5

897.7
135.0
97.8
664.9
103,5

849,1
127,6
95,0
626,5
87,5

875,0
130,8
96,2
648,0
99,8

889,9
133,3
96,3
660,4
101,9

904,3
135,7
97,9
670.7
106,1

9 2 1 .4
140.2
100.7
680.5
106.1

945.5
143.7
105.7
696.1
111.0

967,5
146,0
108,1
713,4
113,9

984,7
150,4
106,2
728,1
118,4

CURRFNT OUTLAYS
STATE ANO LOCAL GOVT,
U , S, G O V E R N M E N T
HOUSEHOLDS
OF WHI C H C O N S U M E R D U RABLES

7

126.0

139,0

137.1

152,0

137,8

143,9

153,0

152.2

158.8

168.1

177,0

180,9

GROSS

8
9
10
11
12

118.9
30.1
22.0
21.1
.5

131,1
32,6
22,1
22,0
,6

132,2
31,2
20,4
19,6
,5

148,3
42,6
28,3
25,8
,6

132,1
33,6
23,0
20,7
,6

139,0
37,0
25,7
22,3
,5

146,4
41,4
27,4
25,3
,5

150.9
44,5
29,6
26,7
,7

157.1
47.3
30.3
29.2
.6

167.7
51.6
33.3
29.6
.6

172,0
52,8
34,0
32,4
•6

175,2
54,2
35,9
33,4
,8

13
14
15

.4
.2
.2

-.5
J
-.3

,3
,2
,2

1,9
.9
.9

1,6
,8
,8

3,0
1,5
1,5

1,6
,8
,8

2,2
1,1
1,1

.6
.3
.3

3.1
1.5
1,5

1,0
,5
,5

1,8
,9
,9

16
17
18

8.1
2.1
5.9

10,6
3,3
7,3

10,8
3,2
7,6

14 . 3
4.3
10.0

10,7
3,2
7,5

11,3
3,4
7,9

14,0
4,3
9,7

15,0
4,5
10,4

17.0
5.2
11.8

18,3
5,6
12,7

18,8
5,9
12,9

18,3
5,4
12,9

19
20
21
22
23
24

88.8
4.5
5.7
9.8
1.3
67,4

98, b
5,1
5,9
10,6
2,6
74,3

100,9
5,3
6,5
10,6
2.1
76.5

105.8
5.6
7.3
11.5
2,6
78,8

98,5
5,2
6,4
10,6
2,3
74,0

101,9
5,3
6,9
11,1
2,3
76,4

105,0
5,7
7, 1
11,3
2,3
78,6

106,3
5,7
7,7
11,6
2,6
78,8

109.8
5.8
7.6
11.8
3.1
81.5

116,1
6,0
7.9
12.0
1.8
88.4

119,2
6,0
8,4
12,2
2.4
90,2

121.0
6.2
8,5
12,2
2,4
91,8

25
26
27
28
29

7.1
,1
6,9
,5
6,4

7,8
.1
7.7
1.0
6,7

4,9
,1
4,8
,1
4,8

3,6
1,2
2,4
1,3
1, 1

5,7
,1
5,6
-.7
6,3

4,9
,9
3,9
2,9
1,0

6,6
1,5
5,1
1, 1
4,0

1,3
1.6
-.2
1,0
-1,2

1.7
.9
.8
,1
.7

,4
,3
,1
,7
-.7

5,0
.7
4.3
.7
3.6

5.7
,4
5.3
.5
4.8

30
31
32

2.5
50,6
48,1

1,9
55,5
53,6

3,6
62,9
59,3

,7
66,1
65,4

2,8
63,2
60,4

4,5
66,3
61,8

,1
66,7
66,6

,4
68,5
68,2

-2.1
63,0
65,1

-4,6
70.7
75,3

-5.2
70.0
75.2

-3.4
75.0
78.4

33
34
35

591,0
39,8
6,7

634,4
38,2
6,0

689,5
54,8
8,0

744,4
60,9
8,2

704,0
59,2
8,4

725,7
59,3
8,2

742,9
64,1
8,6

750,4
61,0
8,1

758.5
59.3
7.8

770.6
55.7
7.2

782.7
50.2
6.4

798.7
51,3
6,4

personal

36
37

-6,5
-.3

8,1
.7

-12,9
2,8

-21,7
4,8

-19,7
,9

-16,0
2,0

-23,0
5,0

-23,1
6.2

-24.7
6.0

-14.8
7,1

-21.7
14.8

-12,3
9,5

FEDERAL GOVT.
STATE I LOCAL

38
39
40
41
42

87.6
.1
4.0
11.3
72.2

84,9
,1
4,5
12,4
67,9

74,3
- ,I
4.7
14.5
55,1

83,3
.1
5.8
16,7
60,7

69,6
-.1
4,7
16.1
48,9

81.3
•
4.8
16.6
59,9

84,5
»
6,3
16,4
61,7

84,1
,1
5,0
17,0
62,0

83.2
.1
7.1
16.6
59.3

88,2
,2
5,3
16,5
66,3

CORPORATE PROFITS* TAXES* AND DIVIDENOSl
91,6
99,0
PROFITS - TOTAL
,2
FARMS
.2
5,7
FOREIGN
6.0
17,5
17.8
FINANCIAL CORPS.
68,2
75.0
NONFINAN. CORPS.

38
39
40
41
42

43
44
45
46

39,9
.1
5.8
34.0

40,1
,1
6,4
33,6

34.1
.1
7.2
26,8

37.3
.1
7.9
29.4

32.2
,1
7,8
24,3

38,0
,1
8,0
29,9

38,6
.1
7.8
30.8

37,5
.1
8,0
29,4

35.3
,1
7,8
27,3

38.8
.1
7.7
31.0

40,1
.1
8.0
32.0

43,5
.1
8.2
35.2

TAX ACCRU A L S - TOTAL
FARMS
FINANCIAL CORPS.
NONFINANCIAL

43
44
45
46

47
48
49
50
51

23.6
.1
1.5
1.2
20.8

24,3
.1
2.0
1.6
20,7

24,8
•
2,4
2,5
19,9

25.4
•
3.3
2.7
19.5

24,7
•
2,4
2,8
19,5

25,5
•
2,5
2,8
20,1

25,4
*
3,6
2.7
19,2

25.5
•
2.8
2.7
20.0

25.2
•
4.1
2.5
18.5

26,0
•
3,0
2,8
20,2

26.2
•
3.2
2.8
20.2

26.5
•
3.3
2.8
20.3

DIVIDENDS - TOTAL
FARMS
NET FOREIGN
FINANCIAL CORPS.
NONFINANCIAL CORPORATIONS

47
48
49
SO
51

52
53
54
55
56
57
58
59

24.2
•
2.5
4.3
17.5
-3.3
2.5
16.6

20,5
•
2,5
4,5
13,6
-5,1
2,5
10,9

15,4
-.2
2,3
4.7
8,4
-4,4
2,3
6,4

20.5
•
2.6
6.1
11.9
-4.7
2.6
9.8

12,7
-.2
2.2
5,5
5,1
-2,8
2,2
4,6

17.7
-.1
2.2
5,8
9,8
-4,7
2,2
7,3

20,4
-.1
2,8
5.9
11.8
-4,4
2,8
10,2

21.0
•
2.2
6.2
12,6
-5,8
2,2
9,0

22.7
•
3.0
6.3
13.4
-3.9
3.0
12.6

23,4
•
2,3
6,1
15,0
-6,5
2,3
10,9

25.3
•
2.5
6.7
16,0
-5,5
2.5
13.0

29.0
.1
2.7
6.8
19.5
-6.1
2.7
16.1

U N O I S T . PROFITS - TOTAL
FARMS
FOREIGN BRANCH PROFITS
FINANCIAL CORPORATIONS
NONFINANCIAL CORPORATIONS
♦ I N V E N T O R Y VAL. ADJ.
♦ BRANCH PROFITS
« NONFIN. CORPS.*NET

52
53
54
55
56
57
56
59

60
61
62
63
64
65
66
67
68

74.5
8,3
1,5
6,0
11.9
46.8
1.5
.3
45.1

81,6
8,7
1.6
6.2
13.1
51.9
1.7
,3
49,9

86,3
9,0
1,7
6,4
14,2
55.2
2.1
.4
52.7

93,8
9,4
1.8
6.8
15,5
60,3
2,5
.4
57.3

87,9
9,1
1.7
6,4
14,5
56,1
2,3
.4
53.5

90,2
9,3
1.8
6,6
15,0
57,5
2,4
.4
54,8

92,4
9,3
1,8
6,7
15,3
59,4
2,5
.4
56.5

95,0
9,4
1,8
6,9
15,7
61.2
2,6
.4
58.2

97.4
9.5
1.8
7.0
16.1
63,0
2,7
,4
59,9

99.7
9.6
1.9
7.0
16.4
64,8
2,6
,5
61,7

105.3
11,0
1,9
7,1
17,4
68.0
2.8
.5
64.8

69
70

67.4
141.9

74,6
156.1

80.6
167.0

87.3
181.1

83.1
171.0

84,8
175,0

86,4
178,9

88,1
183,1

90,0
187,4

91,7
191,5

93.5
198.9

71

-2.7

-6,1

-4.7

-4.5

-1.0

-3,2

-4,8

-5,5

-4,3

-4,9

-.5

-2.1

STATISTICAL

72
73

45.5
14.2

47,2
15,5

46.0
14.5

44.9
13.6

46.3
14.1

46,8
13,4

45,7
13,4

44,6
13.5

42,4
14,0

43,9
15,0

43.8
15,1

43.9
15.0

P R O F I T T A X R A T E (ft)
P E R S O N A L T A X R A T E (ft)

I I 1/ 72 IS B A S E D O N P R E L I M I N A R Y A N D I N C O M P L E T E




INFORMATION,

TOTAL

GNP

1

DOMESTIC

INVESTMENT

PVT, FIXEO INVESTMENT
‘R E S I D E N T I A L C O N S T R U C T I O N
1-4 F A M I L Y S T R U C T U R E S
HOUSEHOLD PURCHASES
FARM
C H A N G E IN W O R K IN
PROCESS ON N O NFARM
corporate
noncorporate

MULTI-FAMILY
CORPORATE

UNITS
business

noncorporate

business

NONRES, PLANT ♦ EQUIP,
N O N P ROFIT INST.(HH)
FARM
NONFARM NONCORP. BUSINES
financial

corporations

NONFINANCIAL

CORPORATION

INVENTORIES
FARM
NONFARM
NONCORPORATE
CORPORATE

SAVING

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

NET EXPORTS
EXPORTS
IMPORTS

DISPOSABLE

2
3
4
5
6

30
31
32

PERSONAL

INCOME

(PERCENT)

33
34
35

SURPLUS
GOVT. SURPLUS

36
37

saving

RATE

104,1 TOTAL C A P I T A L C O N S U M P T I O N
9,8
o w n e r -o c c u p i e d h o m e s
<MH)
1,9
NONPROFIT INST.(HH)
7.0
FARM NONCORPORATE
17.0
N O N F A R M N O N C O R P O R A T E BUS.
68.4
TOTAL CORPORATE
2.9
FINANCIAL BUSINESS
.5
CORPORATE FARMS
64.9
NONFINANCIAL CORPORATIONS
MEMO! CAP. CONS. ON CONSUMER DU R A B L E S
95.3
NOT INCLUDED ABOVE
199.4
TOT CAP . C O N S . INCL D U R A B L E S
DISCREPANCY

60
61
62
63
64
65
66
67
68
69
70
71
72
73

T NOVEM B E R 1972
CREDIT MARKET SUMMARY

CREDIT

2
TOTAL

SEASONALLY

ADJUSTED

ANNUAL

1968

YFAR
1969

TOTALS
1970

FUNDS

,
RAISED

MARKET

RATES

SECTORS

SEASONALLY
1
|

1W71
I.

SUMMARY

IN C R E D I T M A R K E T S R Y N O N F I N A N C I A L
( B I L L I O N S OF D O L L A R S )

FUNDS

1970
IV

1
|

1971
I

R A I S E O '. B Y

II
TYPE

AND

I
1

IV

III

ADJUSTED

1972
II

I

<'

ANNUAL

II I

97.8

91.7

101,6

156,3

118.3

115,8

170,0

173,7

164,1

146.5

166.8

163.0

2
3
4

13,4
10.3
3,1

-3,6
-1,3
-2,4

12,8
1? ,9
-.1

25,5
26,0
-.5

18,0
16,5
1 ,5

3,9
6,8
-2,9

40,6
40,9
-.2

25,9
25,6
.3

31,4
30,6
,8

6,6
4,3
2,2

16.3
14.8
1.5

10.6
7.7
3.0

5
6
7

84,4
-.7
85.1

95,3
4 ,b
90,6

AS.8
6.8
«1,9

130,8
13,5
117,4

100,3
9,9
90,4

112,0
9,2
102,7

129,3
16,1
113,2

147,9
17,0
130,9

132,7
11,4
121,2

139,9
10,3
129,6

150.5
15.9
134.6

152.4
11.3
141.1

8
9
10
11
12
13
14
IS

51.3
10.1
14.0
27.3
15.2
3.5
6.6
2.1

49,0
7,9
13.1
27.9
15.7
4,8
5,5
1.9

60,8
13,8
21.1
25,8
12,8
5,9
5,4
1.8

87,5
20,2
20,3
47,0
26,1
8,8
10.1
2.0

76,0
21,5
24.9
29,7
14.1
6.8
6.8
2.1

82,5
24.5
25.2
32.8
15.4
• 7.4
7.7
2.2

86,6
19,6
21,2
45,8
25.3
9.8
9.4
1.3

89,7
19,2
15.9
54,6
32,1
8,8
11.5
2.2

91,2
17,7
18,8
54,6
31,4
9,3
11,7
2,3

84,1
16,7
12.9
54,4
30.2
8.7
12.9
2.6

94.7
14.3
14.7
65.8
38.1
9.9
14.9
2.9

101.7
17.6
13.3
70.9
42.1
10.6
15.3
2.8

16
17
18
19
20

33.8
13.8
11.1
1.6
7.3

41.6
16.8
9.3
3.3
12.2

21,1
5,0
4,3
3,8
8,0

29,9
13,0
10,4
-.4
6.9

14.4
-.1
.4
8.2
6.0

20.2
2.4
4.0
1.9
11.9

26,6
13.4
9.0
-2.7
6.9

41.1
23,6
12,6
2,2
2.8

30,1
12.4
14,5
-3,0
6,1

45,5
20,1
13.9
2.9
8,6

39.8
17.7
17.5
.3
4.2

39.4
22.2
18.6
-5.5
4.1

21
22
23
24
25
26
27
2B

84,4
3.1
10.4
31.9
39.1
30.7
5.7
2.7

95.3
3.3
8.7
32.6
50.8
40.2
7.4
3.2

88.8
3.0
13.9
22.3
49.5
39,8
6,4
3,2

130.8
5.6
20.6
41.6
63.0
48.6
10.3
4.1

100.3
5.1
21.7
16.6
54.9
44.1
7.5
3.2

112.0
4.2
24.9
23*4
59.5
45.5
10.4
3.6

129.3
6.8
19.3
39.6
63.6
48.5
11.5
3.6

147.9
8.0
20.2
46.8
72.9
57.5
10.6
4.9

132,7
3,6
18,0
55.1
55,9
42.8
8,8
4,3

139,9
4,2
17,8
50.7
67,2
51.5
11.8
3.9

150.5
1.5
14.7
60.9
73.3
57*5
10.9
4.9

152.4
1.0
18.0
69.1
64.4
50.0
10.2
4.1

29

-1.1

.4

2,7

3.3

4.5

-14.8

12.7

3.4

11.8

30
31

99.0
14.5

91.3
-4.0

98,9
10,1

153.1
22.2

113.8
13.5

130.6
18.7

157.2
27.9

170.4
22.5

152.3
19.6

-10.8
TOTALS
157,3
17.3

DOMESTIC

NET

INVESTMENT

AND

RATES

SECTOR

1

PRIVATE

2

BORROWING

IN C R E D I T

TOTAL FUNDS RAISED
BY N O N F I N A N C I A L S E C T O R S
U.

1

S. G O V E R N M E N T
PUBLIC DEBT SECURITIES
BUDGET AGENCY ISSUES

ALL

2
3
4

OTHER NONFIN. SECTORS
CORPORATE EQUITY SHARES
DEBT INSTRUMENTS

5
6
7

DEBT CAPITAL INSTRUMENTS
S T . * L O C A L GOVT. SEC*
C O R P O R A T E ♦ FGN. BONDS
MORTGAGES
HOME MTGS.
OTHER RESIDENTIAL
COMMERCIAL
FARM

8
9
10
11
12
13
14
15

OTHER PRIVATE CREDIT
BANK LOANS N.E.C.
CONSUMER CREDIT
OPEN-MARKET PAPER
OTHER

16
17
18
19
20

BY B O R R O W I N G S E C T O R FOREIGN
STATE*LOCAL GOVTS.
HOUSEHOLDS
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM

21
22
23
24
25
26
27
28

.7
-3.6 MEMOt U.S.GOVT* CASH BALANCE
N E T O F C H A N G E S IN U . S . G O V T . C A S H B A L A N C E S —
1 6 6 .1
166.7 TOTAL FUNDS RAISEO
BY U.S. GOVERNMENT
15.6
14.2

29
30
31

MARKETS

I
2
3

208.7
140.4
68.3

227,1
154.4
72.7

225,5
164,9
60,6

252,9
178,5
74.3

223.0
168.8
54.2

241,4
172.6
68.8

252,6
176,4
76,2

255,7
180.5
75.2

261,8
184,7
77,1

277,4
188.8
88.6

288.5
196.1
92.4

TOTAL# H O U S E H O L D S AND BUSINESS
296.9
T O T A L C A P I T A L O U T L A Y S (1)
C A P I T A L C O N S U M P T I O N (2)
196.5
100.4
NET PHYSICAL INVESTMENT

1
2
3

4
5

71.0
-2.7

83,3
-10,6

71,8
-11,2

104.6
-30.3

73.5
-19,3

82.9
-14.1

103.2
-27.0

119.7
-44.6

111,0
-33,9

117.9
-29,4

134.3
-41,9

133.5
-33.1

NET FUNDS RAISED
EXCESS NET INVESTMENT

4
5

6
7
8

99.0
63.2
35.8

109,3
69,5
39.7

110,1
73,6
36,6

118.0
80.0
37.9

109,5
74,8
34.7

114.1
76,7
37,4

119.8
78.8
40.9

117.2
81.2
36.1

120,8
83.4
37.3

130.7
85.6
45.1

136,1
89.7
46.4

139.0
89.5
49.4

TOTAL BUSINESS
TOTAL CAPITAL OUTLAYS
CAPITAL CONSUMPTION
NET PHYSICAL INVESTMENT

9
10
11

40.0
-.8
-3.3

46.5
4.3
-11.1

42,7
6,8
-12,9

49.6
13.4
-25.1

45.3
9.6
-20.1

50.5
9.0
-22.1

47.9
15.7
-22.7

55,9
17.0
-36,8

43.8
12,1
-18,6

56.7
10.5
-22.1

57.1
16.2
-26.9

52.8
11.6
-14.9

NET DEBT FUNDS RAISED
CORP. EQUITY ISSUES
EXCESS NET INVESTMENT

12
13
14

76.2
45.1
31.1

84.0
49.9
34.2

84,6
52,7
31,9

85.2
57.3
27.9

84,3
53,5
30,7

82.4
54.8
27.6

87.6
56.5
31.2

83,2
58,2
25,0

87,7
59,9
27,8

94,8
61,7
33.1

100.1
64.8
35.4

102.8
64.9
37.9

CORPORATE BUSINESS
TOTAL CAPITAL OUTLAYS
CAPITAL CONSUMPTION
NET PHYSICAL INVESTMENT

12
13
14

15
16
17

31,6
-.8
.3

35,9
4,3
-6,0

33,0
6,8
-7,9

35,1
13,4
-20,7

34,6
9,6
-13,4

36.5
9,0
-17,9

32,8
15,7
-17,3

40,5
17,0
-32,4

30,7
12,1
-15,0

41.0
10.5
-18,4

41.3
16.2
-22.1

38.4
11.6
-12.2

NET DEBT FUNDS RAISED
CORP. EQUITY ISSUES
EXCESS NET INVESTMENT

15
16
17

18
19
20

109,7
77,2
32.5

117,8
84,8
33,0

1 15,3
91,3
24,0

134,9
98,5
36,4

113,5
94,0
19,5

127,3
95,9
31,4

132,8
97,5
35,3

138,4
99,4
39,1

141,1
101,3
39.8

146,7
103,2
43,5

152.3
106,4
46,0

157.9
107.0
50.9

HOUSEHOLDS
TOTAL CAPITAL OUTLAYS
CAPITAL CONSUMPTION
NET PHYSICAL INVESTMENT

21
22

31.9
.6

32.6
,5

22.3
1.7

41.6
-S.2

18,6
,9

23,4
R.O

39,6
-4,3

46,B
-7,7

55,1
-15,3

SO.7
-7,2

60,9
-15,0

69,1
-18,2

23
24
25
26

-2,1
5.6
1,9
4.8

-2,9
7,0
2,2
5,a

-1,9
S.5
2.2
4,1

-«.l
5,7
2.3
b ,2

-1.3
4,0
2,1
4,0

-1.0
11,0
2,1
4.0

-7,4
6,4
2,4
5.7

-11.8
5,4
2.^
3.7

-12.0
1.6
2.5
7,4

-7,4
5,4
2,6
7,7

-15,6
2,8
2,6
4,8

-18,2
4,5
2,7
7,2

(3)

(3)

(3)

NET FUNDS RAISED
E X C E S S N E T I N V E S T M E N T (3)
O F MfH I C H I
HOUSES LESS HOME MTGS*
DURABLES LESS CONS* CREDIT
N O N P R O F I T PiE LESS MTGS*
L E S S — UNALLOCATEO DEBT

(1)CAPITAL O U T L A Y S ARE TOT A L S FOR R E S I D E N T I A L AND NO N R E S I D E N T I A L
F I X F D C A P I T A L * N E T C H A N G E IN I N V E N T O R I E S * A N D C O N S U M E R D U R A B L E S *
E XCEPT OU T L A Y S BY FINANCIAL BUSINESS,
(2)CAPI T A L

CONSUMPTION INCLUDES AMOUNTS FOR CONSUMER DURABLES
AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION.
(3>EXCESS

1 1 1/72

IS H A S E H

ON PR FL TMINflMY




A ND

INCOMPLETF

INFORMATION,

OF

NET

INVESTMENT

OVER

NET

FUNDS

RAISED.

6
7
8
9
10
11

18
19
20
21
22
23
24
25
26

7 N O V E M B E R 1972
CREDIT*MARKET SUPPLY

OF

FUNnS

CREDIT
DIRECT

SEASONALLY

ADJUSTED

ANNUAL

1968

YEAR
1969

TOTALS
1970

1->71

98.5

86.9

94. 7

142.9

1

AND

I N D I R E C T S O J R C F S OF F U N D S
( B I L L I O N S OF D O L L A R S )

RATES

TO

CREDIT

SEASONALLY
I
\

1970
IV

I
|

108,4

1971
I

II

106,6

153,8

HI

156,7

IV

152.6

I
I

ANNUAL

BY
2
3
4
5
6

12.2
3.4
2.8
.9
5.1

15.B
.9
4.6
4.0
6.3

2P.0
IS . 7
S.7
1.3
S.2

41.2
33.4
5.7
-2.7
4.8

35,3
24,7
4,2
-.7
7,2

45,3
38,0
1,8
-1 .8
7.3

30,1
26.9
6.5
-9.8
6.5

50,2
36.7
7.7
.9
4.9

39.b
32.2
6.5
«
,8

28.7
21.0
6.3
-6.0
7.5

10.4
4.0
6.1
.6
-.3

9,6
-1,0
5,2
1,9
3,5

7
8
9
10

4.9
3.2
3.7
.3

2.9
9.0
4.2
-.3

? •8
9.9
S.O
10.3

3.2
2.8
8.8
26.4

1.8
8.0
4.6
20.9

4.9
.9
14.1
25.3

3.9
-4.6
2.7
28.1

2.1
7 .1
8.8
32.1

1.8
7.8
9.8
20.2

3.2
7.3
3.9
14.3

1 .4
6.9
5.6
-3.4

3,3
2,8
-6,0
9,4

11

3.5

8.d

8.7

3.9

6.9

-.7

1.3

7.4

7.5

6,3

8.8

3,2

89.8
13.3
10.1
13.8
15.8
37.8
.9

79.9
4.6
7.9
12.6
15.8
43.0
4.0

7S.5
5.8
13.8
20.5
12.9
23.8
1.3

10S.5
-4.0
20.2
20.0
29.2
37.4
-2.7

80.0
,3
21.5
24.5
16.6
16.4
-.7

60.6
-35.0
24.5
24,6
20.9
23,8
-1,8

125.0
15.2
19.6
21.4
28.5
30,5
-9,8

114.0
-3.1
19.2
15.3
33.1
50.4
.9

120.6
6.8
17.7
18.8
34.1
43.3

113,7
-8,0
16,7
12,6
32,6
53,8
-6,0

149.3
21.2
14.3
14.6
41.9
58,0
,6

PUBLIC

145,4
15,0
17,6
13,2
47,4
54.2
1,9

75.0
39.0
15.6
13.9
6.6

54.0
18.9
14.2
12.2
8.6

70.2
31.6
16.6
17.6
4.5

105.8
49.B
41.6
12,0
2.3

76,3
38,0
23,0
13,9
1,4

100,1
43,7
46,9
11,7
-2,1

111.7
55.1
44.0
11.6
.9

92.1
43.7
38,6
9,2
.5

118.6
56.3
37.0
15.5
9.8

126,9
59,1
49,3
11,3
7,2

24
25
26

75.0
46.1
6.9

54.0
2.5
16.8

70.2
60.4
1.8

105.8
92.3
4.5

76,3
81,0
-5,7

100,1
127,0
2,3

111.7
84.5
-2.8

92,1
66,0
7,0

118.6
91.2
11.3

126,9
111,9
7, 1

125.2
87.5
7.1

139.1
106.0
16.0

27
28
29
30
31

22.0
2.6
-.2
11.2
8.4

34,7
9.3
•
10.3
15.1

H.O
- H .4
? .9
13.5
«

9,0
-3,3
2,2
8.2
1.8

1,1
-18,7
4,6
11,4
3,7

-29,3
-12,9
-14,8
8,5
-10,2

30.0
-2.3
11.5
6.6
14,2

19,1
5,7
,4
7,2
5,8

16.1
-3.7
11.9
10.5
-2.6

7,9
1,3
-8,2
2,6
12,0

30,6
7,3
,3
12,6
10,4

17.2
5.0
.3
8.9
2.9

32
33
34
35
36
37

21.7
7.7
.3
5.1
4.4
4.2

4?.7
16.0
6.7
7.6
8.7
3.7

7.0
-7.6
1.4
10.4
-1.2
4.1

4.2
-13,1
5.7
8,6
-2.1
5,0

-2,1
-22,2
2.7
14,1
-.3
3,7

-37,1
-51,0
5,6
10,6
-6,3
3,9

10,4
1,6
5,1
10,1
-9,3
3,1

29,0
-2,0
8,4
10,1
5,1
7,4

13.3
-1.2
3.8
3.4
2.2
5.0

-6,1
-20,8
5,0
4,4
-.1
5,3

31,1
12,5
7,5
3,8
3.1
4,2

22.4
9.9
8.2
1.4
-2.9
5.7

38
39

48.6
34.0

5.3
-2.2

63.9
56.2

95.7
81,3

84.5
73,0

132.3
113,1

88.3
71.7

68.6
65.9

93.2
74,4

119.1
94,2

90,6
86.6

108,3
91.0

40
41
42

14.6
12.2
2.4

7.6
4.7
2.8

7.7
4.2
3.5

14,4
11,0
3,4

10,7
7,2
3,5

19,2
14,0
5,2

16.5
12,8
3,8

2.7
.1
2,6

18,7
16,8
2,0

24.9
17.7
7,2

4,0
1.0
3,1

17,3
15.0
2.3

43

70.3

48,0

70.9

99,9

82,4

95,2

98,7

97,6

106,5

113,0

121,7

130.7

44
45
46

12.3
83.5
2.9

16.2
67.6
9.0

29.5
93.1
1.8

28,9
100,2
23,1

32,6
95,4
2,2

42,4
165,1
12,4

19,5
89,3
25,8

32,0
80,8
37,8

25,9
98,3
16,4

21,1
111,6
15,6

6,9
83,8
3,9

6.3
95.7
14.4

NOT

INCLUDED

DOMESTIC

FINANCIAL

19
20
21
22
23

EQUITIES

AND

FUNDS

2
3
4
5
6
7
8
9
10
11

ADVANCED
12
13
14
15
16
17
18

I N T E R M E D I A T I O N ----

FUNDS A DVANCED BY PRIVATE
FINANCIAL INSTITUTIONS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
INSURANCE ♦ PENSION FUNOS
OTHER FINANCE

SOURCES OF FUNOS
DOMESTIC DEPOSITS
CREDIT MARKET BORROWING
OTHER SOURCES
FOREIGN FUNOS
TREASURY BALANCES
INS U R A N C E + P E N S I O N RES.
OTHERt NET

DOMESTIC

1

FOREIGN

TOTAL NET A D VANCES
U.S.GOVT. SECURITIES
MUNICIPAL SECURITIES
CORPORATE*FGN. BONDS
RESIDENTIAL MORTGAGES
OTHER MORTGAGES ♦ LOANS
LESS— FHLB ADVANCES

PRIVATE

CORPORATE

AGENCIES

TOTAL NET A D V ANCES
U.S.GOVT. SECURITIES
RESIDENTIAL MORTGAGES
F H L B A D V A N C E S TO S * L » S
OTHER LOANS ♦ SECURITIES
RY AGENCY —
U.S. GOVT.
SPONSORED CREDIT AGENCIES
FEDERAL RESERVE
FOREIGN
AGEN C Y B O R R O W I N G NOT
IN L I N E I

CREDIT MARKET
125.2
139.1
52.2
65.2
48.8
50.5
15.9
14.1
8.3
9.3

PRIVATE

PATES

A D V A N C E D IN C R E D I T M A R K E T S
TO N O N F I N A N C I A L S E C T O R S

PRIVATE
12
13
14
15
16
17
18

OF FU N O S

III

TOTAL FUNDS
150.9
151,8

136.2

SUPPLY

3

ADJUSTED

197?
II

I

MA RK E T

MARKFTS

NONFINANCIAL

19
20
21
22
23
24
25
26
27
28
29
30
31

INVESTORS—

D I R E C T L E N D I N G IN CR. M K T S .
U.S.GOVT. SECURITIES
MUNICIPAL SECURITIES
CORPORATE♦ FGN. BONOS
COMMERCIAL PAPER
OTHER

32
33
34
35
36
37

DEPOSITS ♦ CURRENCY
TIME ♦ SAVINGS ACCOUNTS

38
39

MONEY
DEMAND DEPOSITS
CURRENCY
TOTAL OF
INSTR..

40
41
42

CREDIT MARKET
DEPOSITS* ♦ CURRENCY

P U B L I C S U P P O R T R A T E (ft)
P V T . F I N . I N T E R M E D I A T I O N (ft)
TOTAL FOREIGN FUNDS

43
44
45
46

ABOVF

1
2
3

4.0
4.7
-.7

10.3
5.5
4.7

9.5
2.6
6.9

14.8
1.3
13.5

10.6
.7
9.9

7.2
-2.0
9,2

18,9
2,7
16,2

18.9
2.0
16.9

14.0
2.5
11.5

7.9
-2.7
10,5

17,9
2,0
15,9

12,0 TOTAL NET ISSUES
,5
MUTUAL FUNO SHARES
11.5
o t h e r EQUITIES

1
2
3

4
5

9.5
-5,5

12.8
-2.5

11 .4
-1.9

19.1
-4.4

14.4
-3.8

21,8
-14,7

19,6
-.7

18.0
1.0

17,1
-3.1

13,9
-6,0

16,5
1,5

17.4
-5.5

4
5

I I 1/72

IS B A S E D

ON

PRELIMINARY

AND

INCOMPLETE

ACO. BY F I N A N C I A L INST.
OTHER NET PURCHASES

INFORMATION.

Line
1.

Total funds raised, page 2, excluding corporate equities.

2.

S u m of lines 3-6 or 7-10.

6.

Includes farm and commercial mortgages.

11.

Excludes net investment of these reserves in corporate

31.

Ma i n l y retained earnings and net miscellaneous liabilities.

32.

Line 12 less line 19 plus line 26.

33-37.

Lines 13-17 less amounts required by private finance.

equities.

Credit market funds raised b y Federally sponsored credit
agencies.

30.

Included b e l o w in lines 13 and 33.

Includes

all GNMA-guaranteed security issues backed by mortgage
pools.
12.

Line 1 less line 2 plus line 11.
26 plus line 32.

Als o line 19 less line

Also su m of lines 27 through 41

excluding subtotals.

37 includes mortgages.
39+41.

See line 25.

42.

Mainly an offset to line 9.

43.

Lines 32 + 38 or line 12 less line 27 less line 42.

44.

Line 2/line 1.

Includes farm and commercial mortgages.

45.

Line 19/line 12.

25.

Lines 3 9 + 4 1 .

46.

Lines 10 plus 28.

26.

Foreign deposits at conmercial banks, ban k borrowings from

17.

foreign b r a n c h y , and liabilities of foreign banking


agencies to foreign a f f i l i a t e s .
http://fraser.stlouisfed.org/
29.
Demand deposits at commercial banks.
Federal Reserve Bank of St. Louis

Corporate equities
Line
1 and 3

Includes issues by financial institutions.

Line

7 NOVEMBER
HOUSEHOLDS

1972
HOUSEHOLDS
SECTOR

SEASONALLY

ADJUSTED

ANNUAL

1969

YEAR
1969

TOTALS
lw (0

----------- ........... ..........

—

S T A T E M E N T S OF S A V I N G AN O
( B I L L I O N S OF D O L L A R S )

PA ITS
1^71

:4

INVESTMENT
SEASONALLY

1
1

1970
IV

HOUSEHOLDS*

1
1

19 7 1
I

PERSONAL

II

TRUSTS.

ANO

III
NONPROFIT

IV

1
1

I

ADJUSTED

1972
II

ANNUAL

RATES

II I

ORGANIZATIONS
- - - - - -

1
2

688,9
97.9

750.9
116.5

HO*.3
116.7

H h 1 .4
117.0

819.8
115.8

838.0
112.3

85H.1
115.2

867.9
117.5

3
4
5
6
7
8

591.0
551.2
39.8
6.0
2.5
16.7

634.4
596.2
38.2
6.b
2.5
16.2

6H9.5
634.7
54.8
9.2
.9
9.9

74 ^ . 4
683.4
6«).9
9.8
.H
16.2

704.0
644.8
59.2
8.8
-.4
4.4

725.7
666.4
59.3
10.3
.1
15.0

742.9
678.8
64.1
10.8
1.2
15.5

9
10
11

64.9
77.2
142.0

63.6
84. 8
148.*

74 . 9
91.1
166.2

8 7.6
98.5
186.1

72.0
94.0
166.0

84.7
95.9
180.6

12
13
14
15
16

143.5
109.7
21.1
84.0
4.5

144.6
117.8
22.0
90.8
5.1

1 74.3
115.3
19.6
90.5
5.3

181 .6
1 14.9
25.8
10 3 . 5
5.6

174.3
113.5
20.7
87.5
5.2

17
18

33.6
68.6

26.7
57.7

59.0
80.4

46.6
91.4

19
20

55.8
12.6

42.9
3.5

61.1
6.1

21
22
23

30.4
17.4
13.0

6.1
-1.9
8.0

24
25
26
27
28
29

12.9
4.5
-.2
2.0
4.8
1.8

30
31

881.5
123.0

907,0
136,4

922.1
139.4

939.5
140.8

PERSONAL INCOME
LESS: PERSONAL TAXES*NONTAXES

750.4
689.4
61.0
8.5
1.2
18.0

758.5
699.2
59.3
9.5
.6
16.2

770.6
714.9
55.7
4.5
1.0
19.3

782.7
732.5
50.2
15.6
1.4
20.4

798.7
747.4
51.3
10.4
1.2
23.1

* DISPOSABLE PERS. INCOME
LESSl P E R S O N A L OUTL A Y S
* PERSONAL SAVING* NIA BASIS
♦ C R E D I T S F R O M GOVT. INSUR.
♦ CAPITAL GAINS DIVIDENDS
♦ N E T D U R A B L E S IN C O N S U M P T I O N

91.6
97.5
189.1

88.7
99.4
188.0

85.6
101.3
186.9

80.5
103.2
183.7

87.6
106.4
194.0

86,0
107,0
193,0

» NET SAVING
♦ CAPITAL CONSUMPTION
* GROSS SAVING

183.5
127.3
22.3
99.8
5.3

182.8
132.8
25.3
101.9
5.7

176.4
138.4
26.7
106.1
5.7

183.5
141.1
29.2
106.1
5.8

185.0
146.7
29.6
111.0
6.0

203.3
152.3
32.4
113.9
6.0

201,1
157.9
33.4
118.4
6.2

GROSS INVESTMENT
C A P I T A L E X P E N D . (NET OF S A L E S
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOODS
NONPROFIT PLANT ♦ EQUIP.

60.8
81.7

56.2
82.4

50.0
93.6

37.9
86.4

4 2 *4
101.5

38.4
98.3

50.9
119.8

43.2
119.7

NET FINAN.
NET ACQ.

70.5
8.5

63.4
5.2

69.8
15.0

68.6
8.5

63.7
-1.5

78.2
11.0

88.4
12.3

88.3
-2.2

98.2
7.7

DEPOSITS
DEMAND

44.5
27. 6
17.0

73.5
32.7
40.8

60.2
34.8
25.4

100.9
49.5
51.4

65.1
23.1
42.0

57.3
21.9
35.4

70,6
36.3
34,3

92.1
35,3
56.9

73.1
31.5
41.6

83.8
38.6
45.2

SAVINGS ACCOUNTS
AT C O M M E R C I A L B A N K S
AT S A V I N G S I N S T I T U T I O N S

33.3
12.1
7.6
5.9
5.7
2.0

10.4
-4.4
2.0
-1.8
12.4
2.2

- 1 1 .6
-22.6
4.9
-3.9
7.6
2.4

-2.0
-22.5
1.6
1.6
15.5
1.7

-46.1
-57.1
5.0
-7.7
11.2
2.4

-5.0
-13.1
4.5
-4.1
7.0
.5

7.9
-13.1
7.2
.2
9.0
4.6

-3.3
-7.6
3.0
-4.0
3.1
2.2

-16.0
-22.7
4.2
-3.8
4.1
2.3

17.4
5.4
7.0
.3
2.9
1.8

6.7
-1.0
7.4
-1.9
•

CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIG.
COMMERCIAL PAPER
CO R P O R A T E AND FGN. BONO
MORTGAGES

4.7
-12.3

5.5
-9.6

2.6
-5.2

1.3
-6.5

.7
-6.4

-2.0
-12.9

2.7
-3.4

2.0
-2.0

2.5
-7.8

-2.7
-6.1

2.0
-1.2

.5
-7.8

I N V E S T M E N T CO. SH A R E S
OTHER CORP. SHARES

32
33

4.5
15.4

4.9
15. 8

5.2
19.5

6.6
20.2

5.6
20.8

6.1
21.7

6.6
21.5

6.9
16.8

6.9
21.0

7.2
11.0

7.3
26.3

7.6
19.1

LIFE INSURANCE RESERVES
PENSION FUND RESERVES

34
35
36

-2.0
.7
1.8

-3.2
-.8
2.1

-4.9
-.5
2.6

-3.2
#
2.4

-4.9
•
2.6

-4.3
1.6
2.5

-3.6
-1.2
2.4

-2.2
-1.2
2.4

-2.4
.6
2.5

-3.2
1.2
2.4

•4.1
-1.2
2.5

-3.1
2.9
2.4

N E T INV. IN N O N C O R P .
SECURITY CREDIT
MISCELLANEOUS

37
38
39
40
41
42
43
44

34,8
31.9
14.9
1. 1
9.0
2.1
3.1
1.7

31.0
32.6
16.2
1.3
8.3
1.0
2.6
3.0

21.4
2?.3
12.5
1.4
3.0
1.3
1.5
2.6

44.7
41.6
24.5
1.4
8.4
2.1
3.9
1.3

20.9
18.6
12.9
1.4
-1.5
1.8
2.2
1.7

26.2
23.4
13.9
1.4
2.7
1.3
2.3
1.7

43.6
39.6
23.4
1.4
6.7
2.3
4.6
1.2

48.4
46.8
29.1
1.5
10.3
2.2
2.5
1.2

59,1
55,1
31,7
1,5
12.4
2.2
6.2
1.3

59,9
50,7
27,5
1,5
11.9
2,1
6,3
1,4

68.9
60.9
37.0
1.5
15.5
2.1
3.3
1.5

76.5
69.1
41,8
1.5
15.6
3.0
6.0
1.3

45
46
47

2.1
.5
.4

-2.5
.5
.4

-1 .9
.6
.4

2.1
.6
.5

1.3
.6
.4

1.8
.6
.4

3.0
.6
.4

.6
.6
.5

3.0
.6
,5

8,2
,6
,5

6.9
.6
.5

6.3
.6
.5

48

-1.4

3.9

-8.1

4.6

-8.4

-3.0

6.3

11.6

3,4

-1.4

-9.2

-8.2

2.1

INVESTMENT
OF FINAN. ASSETS
♦ C R . M K T . I N S T R . (1)
DEPOSITS ♦ CURRENC

BUS.

N E T I N C R E A S E IN L I A B I L I T I E S
CREDIT MKT. INSTRUMENTS
HOME MORTGA6ES
OTHER MORTGAGES
I N S T A L L M E N T CONS. CR.
OTHER CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDIT
TRADE DEBT
MISCELLANEOUS
DISCREPANCY

(1)E X C L U D E S

CORPORATE

EQUITIES

MEMORANDA I
NET PHYSICAL INVESTMENT*
(A) R E S I D E N T I A L C O N S T R U C T I O N
49
50
51
52

21.1
8.3
14.9
-2.1

22.0
8.7
16.2
-2.9

19.6
9.0
12.5
-1.9

25.8
->.4
24.5
-8.1

20.7
9.1
12.9
-1.3

22.3
9.3
13.9
-1.0

25.3
9.3
23.4
-7.4

26.7
9.4
29.1
-11.8

29.2
9.5
31.7
-12,0

29.6
9.6
27.5
-7.4

32.4
11.0
37.0
-15.6

33,4
9,8
41,8
-18,2

53
54
55

84.0
67.4
16.7

90. 8
74.6
16.2

90.5
«0.6
9.9

103.5
87.3
16.2

87.5
83.1
4,4

99.8
84.8
15.0

101,9
86,4
15,5

106.1
88.1
18,0

106.1
90.0
16,2

111,0
91,7
19,3

113,9
93,5
20.4

118,4
95,3
23.1

56
57

11.1
5.6

9.3
7.0

4.3
5.5

11).4
=>.7

.4
4.0

4.0
11.0

9,0
6,4

12,6
5,4

14.5
1,6

13,9
5,4

17.5
2.8

18,6
4,5

58
59
60
61

4.5
1.5
1.1
1.9

5.1
1.6
1.3
2.2

5.3
1.7
1 .4
2.2

5.6
1.8
1 .4
2.3

5.2
1.7
1.4
2.1

5.3
1.8
1.4
2.1

5,7
1,8
1,4
2,4

5,7
1,8
1,5
2,4

5,8
1,8
1,5
2,5

6,0
1,9
1.5
2.6

6.0
1.9
1.5
2.6

62
63

14.2
6.7

15.5
6.0

14.5
*.0

1 J.6
H.2

14.1
8.4

13.4
8.2

13,4
8,6

13.5
8.1

14.0
7.8

15.0
7.2

15.1
6.4

64

23.7

23.1

2

24.7

23.3

24.5

25,0

24.7

24.3

23,7

PER
24.3

17.6
12.4
5.8
5.2

18.2
11.4
6.4
6.2

18.4
13.2
7.7
7.2

18,9
12.7
7.7
6.5

19,1
15,0
8,6
7,6

e x p e n d i t u r e s

LESSl

CAPITAL CONSUMPTION
HOME MORTGAGES
* EXCESS NET INVESTMENT

(B)

65
66
67
68

18.3
1 1 .4
5.H
5.3

18.3
9.0
4.e
5.1

16.5
1 1 .5
3. 1
3. 2

17.9
1^.1
5 .9
s.b

15.9
1 1.5
2.9
2.6

17.3
11.2
3.6
3.2

69

599.5

6*3.5

69^.7

754.9

712.4

736.1

1 11 /7 2

IS R A S E D

D im P h FL




/>NU I N C O M P L E T E

(C)
6,2
1.9
1.5
2*7

15.0
6.4
C E N T OF
23.8
19.5
14.8
9.4
8.5

CONSUMER

DURABLES

expe n d i t u r e s

LESS:
i NET

CAPITAL CONSUMPTION
INVESTMENT

LESSl CONSUMER CREDIT
a EXCESS NET INVESTMENT
NONPROFIT PLANT ♦ EQUIPMENT
EXPENDITURES
LESS: CAPITAL CONSUMPTION
NONPROFIT MORTGAGES
« EXCESS NET INVESTMENT
PERCENT RATIOS!
EFFECTIVE TAX RATE
SAVING RATE* NIA BASIS
DISPOSABLE INCOME
GROSS SAVING

53
54
55
56
57

58
59
60
61

62
63

A D J . (2)1

CAPITAL EXPENDITURES
ACQ. OF F I N A N C I A L A S S E T S
N E T I NCR. IN L I A B I L I T I E S
CREDIT MKT. BORROWING

799,7
8 1 0 . 3 (2)D I S P O S A B L E I N COME ADJ.
768.6
776.1
754.9
760.1
(NIA D I S P O S A B L E I N C O M E ♦ G O V T . I N S U R A N C E C R E D I T S ♦ C A P I T A L G A I N S D I V I O . )

INFORMATION.

49
50
51
52

64
65
66
67
68
69

7 NOVFMeFw H 7 2
TO T ^ L ♦ N O N C O W P

BUSIES*;

TOTAL ♦ N O NCORP BUSINESS
SECTOR

SEASONALLY

A P JUSTE.0

ANNUAL

1968

YEAR
19b*

T 0 1 flL S
1^70

S T A T F M E N T S OF S A V I N G ANO
( P I L L I O N S OF D O LL A R S )

A 1 f- s

SEA S O N A L L Y ADJUSTED ANNUAL RATES

1^71

1970
IV

1971
I

II

NONFINANCIAL
1
2

142.4
79.9

3
4
5
6
7
fl
9

INVESTMENT

IV

III

BUSINESS

-

1
1

I

1972
II

III

TOTAL

139.5
*0.3

12 7 . 5
7u.q

1 3*. 7
8s>. 9

122.2
78.3

133.6
84.8

137.3
Hfl.8

137.8
89.6

138.2
95.5

144. 1
96.5

145.7
102.7

155.9
105.7

INCOME BEFORE
GROSS SAVING

69.b
99.0
92. 0
8 3.0
.9
8. 1
7.1

b7.*
109.3
101.4
90 . t)
.1
10.
7.8

7?.9
110.1
10S.2
9 *.6
.M
1 0 .H
4.9

70.1
11^.0
114.3
9 7 .b
2 .4
14.3
3.6

*8.3
109.5
10 3 . 8
91.0
2.2
10.7
5.7

72.6
114.1
109.2
94.4
3.5
11.3
4.9

77.3
119.8
113.2
97.0
2.1
14.0
6.6

63.0
117.2
115.9
98. 1
2.9
15.0
1.3

66.9
120.8
119.1
100.9
1.2
17.0
1.7

87,4
130.7
130.3
108.4
3.7
18.3
.4

88.8
136.1
131.2
110.8
1.6
18.8
5.0

91.3
139.0
133.3
112.5
2.6
18.3
5.7

GROSS INVESTMENT
CAPITAL EXPENDITURES
FIXED INVESTMENT
BUSINESS PLANT ♦ EQUIPMENT
1-4 F A M I L Y R E S I D E N T . C ONST
OTHER RESIDENTIAL
C H A N G E IN I N V E N T O R I E S

10
11
12
13
14
15
16
17
18
19

-29.4
25. 1
54.b
-.fl
40.0
12.9
.3
11.0
11.0
4.8

-<* 1 .
*12.9
64.3
4 .J
4fc.5
12.1
-.6
11.0
14 .6
9.3

-37.2
12. b
4 ^ . fl
b.a
4?.7
20.3
.3
1 1.7
3.5
7.0

-<♦7. 8
23.4
71.3
13.4
49.b
14 .4
1.5
19.4
6 .<♦
2.7

-41.2
5.9
47.1
9.6
45.3
23.8
1.2
14.2
-1.7
7.7

-41.5
24.8
66.3
9.0
50.5
.24.1
1.5
16.0
.5
8.5

-42.5
24.9
67.4
15.7
47.9
20.1
1.9
19.0
6.1
.8

-54.3
27.3
81.5
17.0
55.9
14.9
3.0
21.1
15.2
1.7

-53.9
16.3
70. 1
12.1
43.8
18.5
-.3
21.7
4.0
-.1

-43.3
34.8
78.2
10.5
56.7
11.2
2.7
22.7
13.2
7.0

-47.4
27.8
75.1
16.2
57.1
13.0
1.0
26.2
11.7
5.2

-47.7
29.0
76.7
11 .6
52.8
13.5
.4
27.2
13.9
-2.3

NET FINANCIAL INVESTMENT
F I N A N C I A L USES OF FUNDS. NET
F I N A N . S O U R C E S OF FUNDS. NET
CORPORATE SHARE ISSUES
C R E D I T MKT. I N S T R U M E N T S
CORPORATE BONDS
HOME MORTGAGES
OTHER MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS

20
21

10 . 5
4.9

15.2
-1.7

4.6
-4.2

3.9
4.4

-.9
-6.9

7.2
-.5

-1.2
5.0

3.2
5.5

6.3
7.9

14.2
-3.3

11.2
-9.4

10.8
1.6

22

10.3

12.5

6.9

19.8

10.0

12.3

11.4

26.7

28.6

9.1

13.9

14.4

FARM

DEBT
LIABILITIES

DISCREPANCY

BUSINESS

1
2
3
4
5
6

14.7
•
6.2
6.0
.3
6.2

16.7
*
6.6
6.2
.3
6.5

lb.9
-.1
6.7
6.4
.4
6.6

17.3
»
7.2
b.d
.4
7.2

15.9
-.5
6.8
6.4
.4
6.3

16.8
«
6.9
6.6
.4
7.0

16.9
.1
7.1
6.7
.4
7.2

17.6
-.1
7.3
6.9
.4
7.2

18.1
-.2
7.5
7.0
.4
7.2

19.1
»
7.5
7.0
.5
7.6

18.7
•
7.5
7.1
.5
7.6

19.1
.1
7.6
7.0
.5
7.6

7
8
9
10
11

6.2
6.3
5.7
.5
.1

6.5
6.6
5.9
.6

b.b
7. 1
6.5
.5
.1

7.2
9.1
7.3
.6
1 .2

6.3
7.1
6.4
.6
.1

7.0
8.2
6.9
.5
.9

7.2
9.1
7. 1
.5
1.5

7.2
9.9
7.7
.7
1.6

7.2
9.1
7.6
.6
.9

7.6
8.9
7.9
.6
.3

7.6
9.8
8.4
.6
.7

7.6
9.7
8.5
.8
.4

12
13
14
15
16
17

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

-.1
•5

-.5
.6
.1
.5
.4
.1

-1.9
.5
.1
.4
.3
.1

-.8
.6
.1
.5
.4
.1

-1.3
.5
.1
.4
.3
.1

-1.9
.5
.1
.4
.3
.1

-2.6
.4
.1
.3
.3
*

-1.9
.6
.1
.5
.3
.1

-1.3
.5
.1
.3
.3
«

-2.2
.6
.1
.4
.3
.1

-2.0
.5
.1
.3
.3
•

18
19
20
21
22
23
24

.7
2.7
2.1
.4
.2
-.1
.2

.7
3.2
1.9
.6
.6
•
.6

1.1
3.2
1.8
.8
.6
-.1
.7

2.4
4.1
2.0
1.3
.7

1.8
3.6
2.2
.4
.9
-.1
1.0

2.3
3.6
1.3
1.4
.9

3.1
4.9
2.2
2.1
.5

.9

.5

2.5
4.3
2.3
1.4
.6
.3
.4

1.7
3.9
2.6
1.1
.3
-.2
.5

2.7
4.9
2.9
1.6
.4
•
.5

2.5
4.1
2.8
1. 1
.1
.1

.7

1.4
3.2
2.1
.3
.9
-. 1
1.0

25
26

.4
-2.4

.7
-3.2

1.1
-3.2

1.4
-3.1

1.4
-3.2

1.8
-3.6

1.8
-3.0

.6
-2.4

1.5
-3.4

.4
-2.6
(2) S H A R E S

*

TRADE
OTHER

TAXES

NONFARM

«

NONCORPORATE

-

NET INCOME
NET SAVING
CAPITAL CONSUMPTION
NONCORPORATE
CORPORATE
CU R R E N T SURP. * GROSS

SAVING

GROSS INVESTMENT
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION
C H A N G E IN I N V E N T O R I E S
NET FINAN. INVESTMENT
NET.INCR.IN FINAN. ASSETS
DE M A N D DEP. AND CURRENCY
MISCELLANEOUS ASSETS
INSURANCE RECEIVABLES
E Q U I T Y IN S P 0 N . A G S . ( 2 )
N E T I N C R E A S E IN L I A B I L I T I E S
CREOIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS
U.S.GOVT.
FICB*BKS FOR COOPS

•

1.0
,9
-3.2
-2.5
IN F I C B » S . B A N K S

TRADE 0E8T
PROPRIETOR NET INVESTMENT
FOR COOPS* AND LAND BANKS.

BUSINESS

1

58.9

60.0

59.9

63.4

60.2

61.6

63.1

64.1

64.7

65.3

64.3

67.9

NET

2
3

11 .9
11.9

13.1
13.0

14.2
14.2

15.5
15.6

14.5
13.8

15.0
15.8

15.3
14.9

15.7
15.2

16.1
15.9

16.4
16.4

17.4
17.4

17.0
17.0

CAPITAL
CURRENT

4
5
6
7
8
9
10

11.9
16.5
16.0
9.8
5.9
.2
.5

13.0
lfl.6
1 7. 6
10 . b
7.3
-.3
1. 0

14.?
18.5
lfl.4
10.b
7 .b
.2
.1

15.6
23.7
22.4
11.5
10.0
.9
1.3

13.8
18.2
18.8
10.h
7.5
.8
-.7

15.8
23.5
20.5
11.1
7.9
1.5
2.9

14.9
23.0
21 .9
11.3
9.7
.8
1.1

15.2
24.1
23.2
11.6
10.4
1.1
1.0

15.9
24.0
23.9
11.8
11.8
.3
.1

16.4
27.1
26.3
12.0
12.7
1.5
.7

17.4
26.2
25.5
12.2
12.9
.5
.7

17.0
26.5
26.0
12.2
12.9
.9
.5

GROSS INVESTMENT
CAPITAL EXPENDITURES
FIXED CAPITAL
PLANT ♦ EQUIPMENT
MULTI-FAMILY
RESID.
HOME CONSTRUCTION
C H A N G E IN I N V E N T O R I E S

11
12
13
14
15
16
17

-4.6
1.2
.7
.5
.5

-5.5
1.2
aO
./
.7

-4.4
1.3
.6
.7
.7

-7.7
.7
»
.7
.7

-8.1
1.3
.6
.7
.7

-8.9
1 .6
.9
.7
.7

-8.1
1.6
.9
.7
.7

-10.6
1.1
.4
.7
.7

-8.8
1.5
.8
.7
.7

-9.5
1.5
.8
.7
.7

NET F I N A N C I A L INVEST.
NET ACQUIS. OF FINAN. ASSET
D E M A N D DEP. ♦ CURRENCY
CONSUMER CREDIT

•

—8 . 0
1.3
.6
.7
.7

•

-4.2
1.1
.5
.7
.7

18
19
20
21
22
23

5.8
5.7
3.4
.1
2.7
.5

6.7
7.4
3.7
-.3
3 .b
.4

5.4
*.4
4.9
.2
4.3
,4

b .2
.9

5.7
7.5
6.2
.6
5.0
.5

8.4
10.4
6.5
.7
5.2
.6

9.4
11.5
8.6
1.0
6.8
.8

10.5
10.6
8.5
1.5
6.0
1.0

9.7
8.8
7.6
-. 1
6.7
1.0

11.7
11.8
8.6
1.4
6.0
1.1

10.4
10.9
8.7
.5
6.8
1.3

10.9
10.2
9.1
.2
7.5
1.4

24
25

1.3
1.1

2.0
1.8

. <♦
1.2

1 .8
.H

.5
.8

1.4
2.5

1.9
1.1

1.6
.4

2.2
-.9

2.7
.6

2.1
.1

.4
.8

26
27

-.3
.3

-. 7
* *

-1 .0
-.1

-.2
-1.7

-1.3
-.8

-1.5
-.6

-.2
.1

-.1
l.o

.5
-.6

.5
-1.0

1.4
-.7

1 1 1/ 72

IS R A S E D

ON

»

.b
-1.7

*
4.3
10.3
7.8

.«

PRFLIM I N A ^ Y AND




»

INCOMPLETE

»

«

INFORMATION.

»

4*

-

«

»

INCOME
CONSUMPTION
SURP. * GROSS

SAVING

MISCE L L A N E O U S ASSETS
INSURANCE RECEIVABLES
E Q U I T Y IN S P O N . AGS,

•
NET

INCREASE

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

CREDIT MARKET INSTRUMENTS
MORTGAGES
HOME M ORTGAGES
MULTI-FAMILY
COMMERCIAL

BANK L OANS N.E.C.
OTHER
TRADE

LOANS

DEBT.

NET

P R O P R I E T O R NET INVESTMENT

7 N O V E M B E R 1972
CORPORATE BUSINESS

CORPORATE
SECTOR

SEASONALLY

ADJUSTED

ANNUAL

1968

YEAR
1969

TOTALS
1970

S T A T b M E N T S OF S A V T Nfi AND
( M I L L I O N S OF DO L L A RS )

OATES

1971

SEASONALLY
I
|

1970
IV

|
|

1971
II

NONFINANCIAL

ADJUSTED

ANNUAL

RATES

P R O F I T S BEFO R E TAX
- P R O F I T S TAX A C C R U A L S
- NET D I V I DENDS PAID
♦ UNDISTRIBUTED PROFITS
♦ FGN. BRAN C H PROF I T S
♦ INV. V A L U A T I O N ADJ.
♦ C A P I T A L C O N S U M P T I O N ALL.
= GROSS INTERNAL FUNDS

1
?
3
4
5
6
7
6

197?
II

III

CORPORATE

ROSINESS

INVESTMENT

BUSINFSS

1
2
3
4
5
6
7
8

72.2
34.0
20.8
17.5
2.5
-3.3
45.1
61.7

67.9
33.6
20.7
13.6
2 .b
-5.1
49.9
61). 8

55.1
26.8
19.9
8.4
2.3
-4.4
5?. 7
59.1

60. 1
29.4
19.5
11 .9
2.6
-4.7
57.3
67.1

48.9
24.3
19.5
5.1
2.2
-2.8
53.5
58.2

59.9
29.9
20.1
9.8
2.2
-4.7
54.8
62.1

61.7
30.8
19.2
11.8
2.8
-4.4
56.5
66.6

62.0
29.4
20.0
12.6
2.2
-5.8
58.2
67.2

59.3
27.3
1 8. b
13.4
3.0
-3.9
59.9
72.4

66.3
31.0
20.2
15.0
2.3
-6.5
61.7
72.5

68.2
32.0
20.2
16.0
2.5
-5.5
64.8
77.7

75.0
35.2
20.3
19.5
2.7
-6.1
64.9
81.0

9
10
11
12
13
14

51.4
76.2
69.8
67.4
2.3
6.4

4H.3
d4 .0
77.3
74.3
3.0
6. r

52.1
84.6
T9 . 8
76.5
3.4
4.8

47.3
8b.2
84. 1
78.8
b. 3
J .1

48.2
84.3
78.0
74.0
4.0
6.3

49.8
82.4
81.4
76.4
4.9
1.0

55.2
87.6
83.7
18 . 6
5.1
4.0

40.6
83.2
84.4
78.8
5.7
-1.2

43.8
87.7
87.0
81 .5
5.4
.7

63.4
94.8
95.5
88.4
7.1
-.7

63.8
100.1
96.5
90.2
6.4
3.6

66.6
102.8
98.0
91.8
6.3
4.8

G R O S S I N V E S T M E N T (10 ♦ 15)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION
C H A N G E IN I N V E N T O R I E S

9
10
11
12
13
14

15
16

-24.8
23.3

-3b. 8
21.1

-32.5
10.9

- 3 f .9
21.7

-36.1
4.0

-32.5
23.6

-32.5
23.2

-42.7
25.3

-43.9
14.0

-31.4
33.3

-36.4
25.6

-36.2
27.1

NET F I N ANCIAL INVESTMENT
F I N A N C I A L U S E S OF F U N 0 S . N E T

15
16

17
18
19
20
21
22

5.3
1 .1
.4
.9
2.5
.5

-.b
1 .b
-2.4
-1.3
2.7
-1.0

-1.0
.3
1.7
-2.9
.6
-.6

10.6
4.5
.6
2.7
1 .8
1.0

-.7
.8
3.2
-3.9
-1.9
1.0

7.9
4.1
2.2
-.8
1.4
1.0

13.7
8.3
4.8
4.9
-5.3
1.0

13.6
1.6
2.5
3.6
4.9
1.0

7.4
4.1
-6.9
3.1
6.2
1.0

b.l
1.8
-6.2
3.7
1.0

12.0
3.4
2.8
2.0
2.8
1.0

10.1
3.3
4.0
2.8
-1.0
1.0

LIQUID ASSETS
D E M A N D OEP. ANO CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
OPEN-MKT. PAPER
STATE AND LOCAL OBLIG.

17
18
19
20
21
22

23
24
25
26
27
28
29

1.7
13.9
2.4
1.1
.5
.8
•

1.3
17.3
3.0
2.2

2.0

1.1
.1

1. 4
6.2
4.3
3.6
-.4
.9
.1

.4
1.2
*

1.3
.3
3.1
3.3
-1.4
1.0
.2

1.5
7.9
6.4
4.1
1.1
1 .1
*

1.9
1.8
5.8
4.4
.1
1.3
«

1.9
3.6
6.2
4.3
.6
1 .3
*

1.9
2.8
2.0
.7
«
1.2
«

2.6
19.4
6.2
4.0
.8
1.3
•

1.5
13.2
-1.1
-2.7
.3
1.3
•

2.8
11.8
2.4
.5
.6
1.3
«

CONSUMER CREOIT
TRADE CREDIT
MISCELLANEOUS ASSETS
F G N O I R E C T I N V E S T M E N T (1
FGN. CURRE N C I E S
INSURANCE RECEIVABLES
EQ. IN F E D . S P O N . AG.

23
24
25
26
27
28
29

30
31
32
33

48.1
30.7
-.8
31.6

b6.9
*♦0.2
4.3
35.9

43.4
39.8
6.8
33.0

59.6
48.6
13.4
35.1

40.0
44. 1
9.6
34.6

56.1
45.5
9.0
36.5

55.6
48.5
15.7
32.8

68.0
57.5
17.0
40.5

57.9
42.8
12.1
30.7

64.7
51.5
10.5
41.0

62.0
57.5
16.2
41.3

63.3
50.0
11.6
38.4

FINAN. SOUR C E S OF FU N D S * N E T
N E T F U N D S R A I S E D IN M K T S .
N E T NErf S H A R E I S S U E S
DEBT INSTRUMENTS

30
31
32
33

34
35
36
37
38

12.9
5.8
.1
.8
4.9

12.1
4.8
-.3
1.2
3.8

20.3
5.3
.2
1 .5
3.6

19.4
11.2
.8
2.6
7.8

23.8
7.2
.6
1.7
4.8

24.1
8.7
.7
2.3
5.6

20.1
11.1
1.0
3.0
7.2

14.9
13.3
1.5
2.8
9.0

ya.s
11.6
-.1
2.6
9.2

11.2
14.3
1.4
2.7
10.3

13.0
15.7
.5
3.1
12.0

13,5
15.7
.2
3.1
12.4

C O R P O R A T E B O N D S (1)
MORTGAGES
HOME MORTGAGES
MULTI-FAMILY
COMMERCIAL

34
35
36
37
38

39
40
41
42

9.3
1.6
1.8
.2

12.1
2.7
4.2
.1

2.3
2.6
2.3
.3

3.3
-1.0
2.0
.2

-2.5
3.9
1.8
.4

-1.3
1.0
3.8
.3

2.8
-3.3
1.8
.3

11.4
1.3
-.5
«

.4
-2.9
2.8
.3

9.4
1.9
4.2
•

8.0
4.3
.3
.1

12.4
-3.2
-.1
.1

BANK LOANS N.E.C.
OPEN-MKT PAPER
F I N A N C E CO. LO A N S
U.S.GOVT. LOANS

39
40
41
42

43
44
45

2.9
10.4
4.1

-3.3
15.2
4.8

-2.7
2.8
3.4

4.0
3.4
3.6

-1.1
-2.1
-1.0

3.0
6.8
.8

10.0
-1.5
-1.4

1.9
2.8
5.8

1.1
4.8
9.3

.5
13.2
-.6

-4.6
9.8
-.7

1.9
8.5
2.8

46
47
48

10.3
3.6
31.8

12.5
2.2
37.0

6.9
3.3
31.3

19.8
.6
27.7

10.0
2.4
29.0

12.3
1.1
29.2

11.4
3.3
24.2

26.7
.8
28.8

28.6
-2.0
28.8

9.1
6.1
31.1

13.9
3.5
36.8

14.4
3.2
34.7

49
50
51

47.0
123.5
41.4

49.3

48. J
14 3 . 2
39.0

48.4

13M. 3
42.7

127.0
41.2

49.7
144.9
41.0

50.0
132.6
44.3

49.9
131.5
37.4

47.4
123.8
48.6

46.1
121.0
35.0

46.8
130.7
43.2

46.9
128.9
41.2

47.0
126.9
37.4

-.4

.

4.0

b .1

(1)

11 1 / 7 2

IS B A S E D

ON P R E L I M I N A R Y




AN D

INCOMPLETE

INFORMATION.

4.9

PROFIT TAX L I A B ILITY
TRADE OEBT
MISCELLANEOUS LIABILITIES
DISCREPANCY
M EM O - NET TRADE CREDIT
P R O F I T S TAX P A Y M E N T S
PERCENT RATIOSI
E F F E C T I V E TAX RATE
CAP. O U TLAYS/INT. FUNDS
CR.MKT, BORROHING/CAP.EXP.

F O R E I G N I N V F S T M E N T E X C L U D E S A M O U N T S F I N A N C E D BY B O N O
A N D B O N D I S S U E S O U T S I D E T H E U . S. A R E E X C L U D E D
S OURCES OF

ISSUES ABROAD#
FROM FINANCIAL
FUNOS ABOVE.

43
44
45
46
47
48
49
50
51

7 N O V E M B E R 197^
GOVERNMENT S

GOVERNMENTS

7

SECTOR

SEASONALLY

A I)J U S T t o

AM.giiAi.

19ft8

YFAH
196 9

TOTALS
lv.70

r a

U

s e a s o n a l l y

I
I

1 9 71

1
2
3
4
5
6
7

82.0
2b.1
100. 8
6.7
-.3
4.7
-5.0

*2.1
2 7 . ft
111.*'
7.*
.1
•3.0
-4 .0

102.?
32. H
12?.S
■
). n
2. 3
ft . H

ft . H

- 1.4

-2.1

8
9
10
11
12
13
14
15
16
17
18
19
20
21

-4.0
7.0
3.8
.6
3.2
2.6
2.2
1.2
1 .0

—ft . 3
2.6
-3.8
2.1
-5.9
7.1

-7.

-5.4

.3
.2
.1
.7

3.3
1. 7
.1
1 .M
1.8
*
- .h

22
24
25
26
27
28

11.0
10.4
10.1
.1
9.9
.3
.6

29

-1.1

zi

«

5.<r

*->.9
- *I
10.1)
-2.3
-. 2

111.1
3m ,7
I
.U
12.0
*♦.8

Is.ft
/.ft

.5
7.2
7.7
ft . 9
ft.2

- .5

.8

-2.0

-.2
1.0
1 .0

.o
o

*

-*Q

.3

9.1
H. 7
7.9
2.6
5.4
.7
.o

10.4
1 3.9

21.0
2 0.6

13.8

20.2

1.8

4 .6
15.6

2.1

3.

10.0
.1
.4

ft

7

s

1970
IV

STATF

ft.8

S T A T E M E N T S OF S A V I N G AN O I N V E S T M E N T
( B I L L I O M S OF D O L L A R S )

I
I

AND

19/1
I

II

LDCAL

III

GOVERNMENTS

-

I
I

IV

GENERAL

1972
II

I

108.2
3ft. 0
130.8
11.5
2.0
7.6
-5.8

111.4
33.7
133.3
11.9
5.0
7.4
-2.0

114.6
39.3
135.7
12.0
6.2
6.0
.2

118.1
40.6
140.2
12.4
6.0
6.2
-.2

122.1
42. 7
143.7
14.0
7.1
3.1
4.0

126,2
48,6
146,0
14,0
14,8
11,2
3,6

-ft.9
15.2
13.3
2.9
10.4
2.8
4.2
2.7
1 .4
.1
-1.5
-1.5
*
-.9

-10.1
15.2
9.1
-.9
10.0
ft . 0
7.0
7.0

-5.6
14.2
1.5
-.2
1.8
12.4
9.8
8.4
1.4
-.4
3.0
3.0

-4.7
15.9
6.9
.9
6.0
8.8
7.5
6.7
.8
.2
1.1
1.1

-1.*
17.1
13.0
2.2
10.8
3.6
3.4
2.6
.8
-.2
.4
.3

-3.3
15.0
6.1
5.8
.3
8.4
8.2
7.8
.3
-.1
.4
.3

2,1
17,2
11.1
.4
10.7
5.6
5.1
5.2
*
-.5
.9
.9

«

*

*

*

*

*

.1

.3

.2

.6

.5

.5

22. 1
21.7
21.5
8.4
13 . 1

19.
19.3
19.6
4,2
15.4
-.3
.4

20.6
20.2
19.2
4.6
14.6
1.0
.4

18.5
18.0
17.7
1.9
15.8
.4
.5

18,3
17.8
16.7
4,0
12.7
1.1
,5

3,2

4.8

1.1

«

.4
.5

.2

.5

25.3
24.9
24.5
7.8
16.7
.4
.4

3.0

2.0

4.3

fa

7,3
EMPLOYEE

U.S.

annual

rates

III

FUNDS

104.7
3<».4
127.6
10. ft
.9
5.8
-4.9

-.4
-.6
-.6

adjusted

128,3
45,3
150.4
13.7
9,5
7,8
1,7

TAX R E C E I P T S
S O C . I N S . ♦ GRANTS RECD.
PURCH.OF GOODS ♦ SERVICES
NET INTEREST ♦ TRANSFERS PAID
NET S U R P L U S * NIA BASIS
L E S S - R E T I R E M E N T CR. TO HH.
FQUALS-GROSS SAVING

1
2
3
4
5
6
7

-2,3 NET FINANCIAL INVESTMENT
16,2
NET ACO.OF FINAN.ASSETS
6,4
TOTAL DEPOSITS ♦ CURRENCY
3,1
CURR. AND DEMA N D DEPOSIT
3.3
TIME DEPOSITS
9,3
C R E D I T MKT. I N S T R U M E N T S
8,1
U.S.GOVT.SECURITIES
7,4
DIRECT
,7
U.S.G. A G ENCY SEC.
-.2
ST A T E ♦ LOC A L SEC.
1,4
OTHER CR.MKT.INSTRUMENTS
1.3
CORPORATE BONDS
»
HOME MORTGAGES
,5
TAX RECEIVABLES

8
9
10
11
12
13
14
15
16
17
18
19
20
21

15.1
14.7
14.3
-1.2
15.5
.4
.5

18,4
18,0
17,6
2,9
14,7
.4
,5

22
23
24
25
26
27
28

1 .5

4,0

RETIREMENT

N E T I N C R • IN L I A B I L I T I E S
C R E D I T MKT. BO R R O W I N G
STATE ♦ LOCAL OBLIG.
SHORT-TERM
OTHER
U.S.GOVT. LOANS
TRADE DEBT
DISCREPANCY

FUNDS

ARE

IN

29

INSURANCE

SECTOR.

GOVERNMENT

1
2
3
4
5

175.0
79.7
36. 7
18.0
40.7

197.3
94.8
36.6
19.0
46. 9

191 ,.ft
9 ? .4
3 0,.4
1 9,.3
<♦9 .5

19<J.l
89.6
33.1
20.5
55.9

189. 1
90.9
28.7
19.4
50.0

196.4
86.6
33,9
20,9
55.0

198,2
88, 1
34.4
20.2
55,6

199.1
89.8
33,2
20,0
56,1

202.8
93.8
31.1
20.8
57.0

221.4
105.8
34,0
19,9
61,7

224,7
107,3
35,0
19,7
62,6

230,8
108,9
38,1
20,1
63,7

TOTAL RECEIPTS. NIA BASIS
PERSONAL TAXES
CORP. P R OFITS TAX ACCRUALS
INDIRECT TAXES
INSURANCE RECEIPTS

6
7
8
9
10
11
12
13

181.5
98.8
34.1
11.7
36.9
-6.5
1.3
-7.8

189.2
y«.8
37.2
13.1
40.0
8.1
1.0
6.3

2 0 4 .5
9 6 .5
4 5 .3
14 .6
08 . 1
- 1 ? .9
?..5
- 1 5 .4

220.8
9 7.8
47.0
13.6
6?.o
- 2 1 ,7
2,9
-24,6

208.8
95.0
48.2
14.6
51.0
-19.7
3.0
-22.7

212.4
96.2
47,1
14,0
55,0
-16,0
2,5
-18,5

221,2
96,3
49,4
13,6
62,0
-23,0
3,4
-26,4

222,2
97,9
47,7
13.6
63,0
-23,1
2,5
-25,6

227.5
100.7
43.8
13.3
69.6
-24.7
3,3
-28.0

236,2
105,7
45,3
13,1
72,1
-14,8
1,4
-16,2

246,4
108.1
47.3
13,8
77,2
-21,7
4,4
-26,1

243,1
106,2
42,4
13,6
80,9
-12,3
? .6
-14,9

TOTAL EXPENDITURES* NIA BASIS
GOODS AND SERVICES
GRANTS AND DONATIONS
NET INTEREST
INSURANCE BENEFITS
NET SURPLUS. NIA BASIS
L E S S - I N S U R A N C E C R E D I T S TO HH
e q u a l s -g r o s s s a v i n g

6
7
8
9
10
U
12
13

14
15
16
17
18
19
20

-8.4
7.4
-1.7
4.9
.1
1.1
3.7

6.1
3.7
1.1
2.9
-1.3
.7
3.3

- 1 5 .8
«
? .5
.8
- .1
.3
2 .b

-25,3
3,8
3,2
3.2
«
*
3.2

-21.0
2.1
4.5
1.8
-.5
,3
2,0

-20,2
-13,1
-14,4
4,9
•
«
5,0

-29,3
15,5
11,8
3,9
«
,4
3,5

-26,4
1.6
3.2
2.1
-

-17,5
-10,9
-11,8
3.2
,4
2,8

-24,9
-3,6
- ,4
1.4
-.6
2.0

-14,2
-2,5
-5,6
3,3
,8
2,5

NET

?.l

-25.2
10.9
12.1
1.8
_
-.2
2.0

14
15
16
17
18
19
20

21
22

1.7
2.5

-2.6
2.2

- 3 .0
- 2 .3

1.1
-3.7

-2,9
-1.2

,5
-4,1

5,4
-5.5

.6
-4.3

-2.0
-1.0

-1,7
- .6

-5.0
.4

23
24
25
26
27
28
29

15.9
13.4
.4

-2.3
-3.6
-.4

15 .9
1? .8
.3
12 .ft
_ .1
2 .5
.6

29.1
25.5
2.4
23.6
-.5
2.9
.6

23.1
18.0
1.7
14.8
1.5
3.0
2.1

7,1
3,9
1 ,9
4,9
-2,9
2,5
,7

44,8
40,6
2.7
38.2
-.2
3.4
.8

28.0
25.9
2.4
23.1
.3
2.5
-.3

36.1
31,4
2.6
28.0
.8
3.3
1.4

6,6
6,6
3.2
1.1
2,2
1,4
-1.4

30
31

.4
33 0

.7
32.0

-1.7
31.7

1.7
33.4

2.9
28.9

.8
32.6

-2.7
33.1

1,3
35.8

CREDIT

AGENCIES

9.9

-.9

3.1
1.3
1.1

-2.0
1.6
-.0

.6
35.0

0
39.2

.

.

FEDERALLY

SPONSORED

«

,4
- *7

INVESTMENT
, of f i n a n . asset
DEPOSITS ♦ CURRENC
CREDIT MARKET INSTRUMENTS
AGENCY SECURITIES
MORTGAGES
OTHER l o a n s
E X C E S S OF TAX A C C R U A L S
OVER RECEIPTS
OTHER FINANCIAL ASSETS

21
22

21.2
16.3
3.4
11,4
1.5
4.4
.5

11.8
10,6
3,1
4,6
3,0
2,6
-1.5

N E T I N C R E A S E IN L I A B I L I T I E S
U.S. GOVT. SECURITIES
SAVINGS BONDS
D I R E C T EXC. SVGS. BDS.
BUDG E T AGENCY SEC.
LIFE*RETIREMENT RESERVES
OTHER LIABILITIES

23
24
25
26
27
28
29

-1,2
40,0

-.7
37,6

1

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

,1

2
3
4
5
6
7
8
9
10

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

9.2
9.0
-.2
3.*
.6
4 .6
.2
.6
0.0

l'J.M

10.2
8.0
2.9
3.9
.6
.5
.3
1. 0
-.7

2.0
.9
-.8
1.8
.5
-.6
.3
1.0
-1.8

-3.9
-4.6
-2.6
6.1
.7
- 8 .1
.1
.9
-9.8

9.3
7. 1
-2.1
7.7
.8
.8
-.6
.5
.9

6.2
7.8
-.4
6.8
.9
.5
.2
.4

1 .3

3.4
2.8
-} .5
5.6
.7
-2.0
«
.7
-2.7

7.0
7,3
5,6
6,1
,8
-5,2
,3
,5
-6,0

8,4
6,9
-1,8
6,3
,9
1,3
,2
,5
,6

11
12
13
14
15
16

3.2
3.5
3.2
.2
-.3
.1

9.1
8.*5
9. i
-.3
0
.1

1 0.8
ft.7
H.7

3 .3
3.9
4.9

10.2
6.9
6.9
3.3
.1

7.9
7. 4
7.6
-.2
.6
-1.3

6.3
7.5
7.5
*
-1.2
.2

8,2
8.8
8.8

-.5
«

-4.3
1.3
1.3
-.1
-3.5
-.3

8,0
6,3
6,3

2. 1

3.2
-.7
-1.1
.3
4.0
1.3

1,8
1,1

-.6
-.1

.

9.4
1 .7
5.4
2. 3

_

.1

_

_

*

-

-

.1

FINAN.

1
2
3
4
5

net

a c q u i s

demand

DISCREPANCY
MEMO- CORP.

CURRENT

(13-14)
TAX RECEIPTS.

NET

SURPLUS

5,2 NET i n c r e a s e i n ASSETS
2.8
C R E D I T MKT, INTRUMENTS
-5.3
U . S . G O V T . SEC.
4.5
RESIDENTIAL MORTGAGES
FARM MORTGAGES
1.3
2,5
OTHER LOANS
,5
T O C O O P S (BC)
»
T O F A R M E R S (FICB)
T
O S ♦ L ' S (FHLB)
I*9

30
31

1

(1)

4 , 1 N F T I N C R E A S E IN L I A B I L I T I E S
CR E D I T MKT. INSTR.
3,2
AGENCY SECURITIES
(1)
3,2
U.S.GOVT. LOANS
,9
MISCELLANEOUS LIABILITIES
-1.0 DISCREPANCY

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

T m IS g r o u p C O N S I S T S O F F E D E R A L h o m e L O A N B A N K S * F E D E R A L N A T I O N A L M O R T G A G E
ASSOCIATION* FEDERAL INTERMEDIATE CREDIT BANKS* BANKS FOR COOPERATIVES*
AND FE DE RA L L A ND B A NK S,
TH ES E A G E N C I E S ARF P R I V A T E L Y OW N E D AND ARE
F X C L U D F O F R O M U. S . G O V E R N M E N T B U D G E T A C C O U N T S AS OF 1 9 6 9 A N D F R O M
U . S . G O V E R N M E N T F I G U R E S IN T H E S E A C C O U N T S F O R A L L Y E A R S .

(I) All GNMA-guaranteed securities backed by mortgage pools are
included in agency securities (line 13).
The mortgage pools
are included in residential mortgages (line 5).




111/72 is based on preliminary and incomplete information.

7 NOVEMBER 1972
BANKING SYSTFM

*
RANKING
SECTOR

8

8

SEASONALLY ADJUSTED ANNUAL PATES
— — _____ - _________________________________________________________________________ _________________________________S E A S O N A L L Y
YEAH
________1

TOTALS

11

|

1970

I

Iv
MONETARY
*

-.1

3
4
5
6
7
8

- K 2
.2
.9
*
3.7
3.8

10
11

3 Ife
1.3

12
13
14
15

-!l
.1
*
*

- 1*4
7
rt

!*«
*b

-1.0
.1
2.4
.2

2

*

4.2
4.2

«j!o
S O
^*°

- 3
8*8
rt*b
M *b

^ *3
.1

?!l
- 3

3 [t
s

-.1

.3*3
*3
p*3
7
4 *#,
4* * 7
* * 7

.5
-.1
2.8
.4

5

6

46.6
40.3
39.0
3.5

7

2.2

8

1.3

9

15.5

10

8.6

3.8
1.1

1.1

22.5
1 7. 9
18.9
-9.4
-9.2
-.3

4 0.4
33.1
31.6
9.4
5.8
3.6

5.6

13.9
10.7

.2

11
12
13

.3
3.5
3.2

- .1
3.0
2.4

14
15
16
17

20.0
4.9
16.2
- 1.1

22.8

18
19

1.3

p
5*2
-?*0
1,0

!
3*8
4
"•*

22

2.8
44.8
13.4
13.7

21.5
5.3
»
5.3

27
28
29
30

20.7
3.1
17.4

-9.3
-12.5
3.0

.2
.9
•
1.6
.2
-.1
8.0
2.3
5.6
.6

.9

-.2

4.0

1.2

1.0

57.6
50.5
49.8
6.0
2.3
3.6

38.6
42.1
38.0
19.0
9.5
9.4

64.8
42.4
43.7

23.9
12.7
1.3
5.7
4.2

21.0

19.9
4.8
14.4
.8

.5
2.3
1.9

1 .<4
2.5
3.0

55.1
14.0

*

BANKING

?*?
" 1bJ
o >
I'i

*
10* 6
*
**
" 1,J

«•**
***
•?
*6
. Q
I
p h
f *4

9-0

2,6
?•*
l »°
-1.9
^
„
" *

CURRENT

SURPLUS

i

I N C R E A S E IN L I A B I L I T I E S
2‘6
* ? *7
M p M * ER a A *« R E S E R V E S
.7
1.2
V A U L T C A S H OF C O M L . B A N K S
DEMAND D E POSITS ANO CURRENCY
*4
~4 * 4
D U E 70 U «S « G O V E R N M E N T
' * 2
°U E T ° R E S T °F ™ E * 0 R L D
#1
? *3
CURRENCY OUTSIDE BANKS
.7
.4
-.8
OTHER

9
10
11

3.6
1.3

4.1
1.3

47.1
63.9
59.1
.4
-2.5
2.9

94.2
58.7
52.2

^3.4

2.1

26.1
14.0
1.5
5.9
4.7

20.5
7.6
1.1

23.8
11.9
i.l

2.5

25.2
17.2
1.5
3.4
3.1

5.0

4.2

26.7
10.5
1.9
7.5
6.9

- 2.0
.3
-2.7
.4

11.6
1.8
9.0
.9

18.6
4.0
14.8
-.2

26.8
6.1
21.6
-.8

22.3
6.9
12.1
3.3

4.0

.1
-1.3

.1
-.7

-. 1
1.3

1. 0
-.9
1.6

7. 1
7.5
7.9

-.9
13.4
-5.7

-

#l

7
8

1?
13
14
15

(1 )

49.2
S9.y
56.3
10.2

-

m

7,4

i

54.9
45.0
43.7
-3.5
- 6. 6
3.0

1. 2
1.0

n

2
3
4
5

u

bl .3
54.5
55.1
10.4
7.0
3.4

16.4

RATES

N E T A C 0 * 0F F *N A N « A S S E T S
-♦
GOLD AND FOREIGN EXCHANGE
,5
TREASURY CURR. ♦ SDR CTFS,
•«
»-2
F -R « F L 0 A T
F *H * L O A N S T O D O M E S T I C B A N K
6
CREDIT MKT. I N S T RUMENTS
-6.0
U.S. GOVT. S E C URITIES

*2
5,6

1 ,3

4.7

*

*

7,4
“
* 7
Ul
-*5
“6 , °
5.9

* * 7
!*
:*H

1.2

6.8

<

*

3.9

4.4

5.8

♦•2
•2
3.9

4.0
1.2

CURRENT SURPLUS
PLANT ♦ EQUIPMENT

70.7
N E T A C Q . OF F I N A N . A S S E T S
68 .7
TOTAL BANK CREDIT
65.2 CREDIT MARKET INSTRUMENTS
5
2.1
U.S. GOVT S E C U R I T I E S
-.4
DIRECT
2.4
AGENCY ISSUES

4 »6

25.1
7.4

0 *4
8 .6

32.0
5.6
26.2
.2

-.1
3.8

1.2
2.5
6.3

58.4
24.7
11.5
13.2

i

2
3
4
6
7
8

7. 6
9.0

O T H E R S E C U R I T I E S ♦ MTG.
9
S T A T E A N D L O C A L O B L I G 10
CORPORATE BONOS
HOME MORTGAGES
OTHER MORTGAGES

13

24.7
9.0
17.1
-1.3

38.0
9.8
29.4
- 1 .2

O T H E R CH. E X C . S E C U R I T Y 14
CONSUMER CREDIT
BANK LOA N S N.E.C.
OPEN-MARKET PAPER

15
16
17

.3
4.5

6.5

3.5

9.2
-19.0
-.9

-1.9
-16.4
1.5

3.3
32.9
-.7

-1.5
- 1 .6
5.1

52.5
1.0
.4
.6

46.6
30.4
11.9
18.5

45.3
7.8
-8.2
16.0

92 . 1
7.9
•3
7.6

68.2
17.6
.3
17.3

6.8

6.6

1*9

1 .2

CORPORATE EQUITIES
SECURITY CREDIT
VAULT CASH ♦ MEM.BK.RES.
OTHER INTERBANK CLAIMS
MISC. ASSETS

H

12

18

19

20

21

22

2.9
5.8

2.2

37.6
16.2
4.6

1 1.8

11.6

62.7
-.2
-14.8
14.6

.2

38.0
15.2
2?.4
.4

41.4
7.9
33.2
.3

44.1
13.4
30.5
.2

60.9
5.8
54.9
.2

32.8
4.0
28,7
.2

32.4
18.2
13.8
.5

39.3
3.7
35.4
.2

37.7
-6.2
43.5
.4

46.3
10.5
35.4
•5

46.4
21.5
25.0
-.1

TIME DEPOS I T S
LAR G E NEG. CD'S
O T H E R AT C O M M E R C I A L B K S .
AT F G N . B A N K I N G AG.

27
28
29
30

»
2.3
.1
4.2
.1
18.9
7.9
10.9

.2
2.5
.1
-1.9
.3
-10.0
-6.9
-3.1

-.3
1.1
.6
-.4
«
-1 .3
-*.1
2.8

2.3
-.7
-.9

.4
1.0
13.4
.4
.2
-.7
-13.9
-5.6
-8.2

2.2
-2.2
2.5
.2
.7
.1
15.7
5.0
10.7

-.8
1.2
-19.0
.6
.3
.4
-5.7
-5.4
-.4

1.1
-1.3
-16.4
3.6
.8
-1.1
13.0
1.6
11.4

•0

F.R. FLOAT
B O R R O W I N G AT F . R . B A N K S
OTHER INTERBANK CLAIMS
BANK SECURITY ISSUES
COMMERCIAL PAPER ISSUES
P R O F I T TAX L I A B I L I T I E S
MISCELLANEOUS LIABILITIES
L I A B . TO F G N . A F F I L I A T E S
OTHER

3j
32

32.9
•*
-•e
*

1.2
-.5
-1.6

-14.7
-15.8
1.1

-1.5
-1.2
7.5
.9
-2.6
.1
-1.2
-10.3
9.1

1 .0

.3

1.6

.9

-.2

.2

.1

.6

DISCREPANCY

*0

-8.9

.2

(1)

1 1 1/72

-.1

3.8
1.0

.1

*.1
1.1
1.9

* 1,3
*1
,*!
I*!
\ n
3 *°
o*o

3.9

.1
1.4

23
24
25
26

40

8.2

1.9
4.4
2.0

.1

21

32
33
34
35
36
37
38
39

.9
1.6

3.3
19.0

1.9
1.6

20

.8

3.9

-.1

U ’a
«
*

COMMERCIAL
3. I
1 .6

ANNUAL

AUTHORITIES

U ’g
. 1*5
i
u ‘i
1 »*i
1 J-8

t'l
-'4
*
-.4
.y
. p
*
1
-*]
3.5
3*4
3 .5
.4
-.2
9
* __________ * _ ________ * _ ____

ADJUSTED

............... 1 9 7 1 .................... 7 .............. \ Z T ? ............................................................

111

1

SYSTEM

S T A T E M E N T S OF S A V I N G A N O I N V E S T M E N T
( M I L L I O N S OF D O L L A R S )

IS B A S E D

ON P R F L I M I M a RY




a

NO

INCOMPLETE

INFORMATION.

C O N S I S T S OF C H A R T E R E D <
EDGE ACT C O R P O R A T I O N S
POSSESIONS.
EDGE ACT
A P P E A R T O G E T H E R If

•2

.6

2.9

1.6
.1
3.0
4.0
-1.0

•6

.3

**4

MMERCIALBANKS.

NET

I N C R E A S E IN L I A B I L I T I E S
DEMAND DEPOSITS# NET
U.S. GOV E R N M E N T
OTHER

THEIR DOMESTIC AFFILIATES*

23
24

25
2*

33
34
35

36

37

38

39

7 N O V E M B E R 19 T 1
COMMERCIAL B A NKI*6 S UBSECTORS

m

KING

SUBSECTORS

S U B S E C T O R S T A T E M E N T S F OR C O M P O N E N T 6 R 0 U P S IN C O M M E R C I A L B A N K I N G
( B I LL I O N S OF D OL LA RS )
SEASONALLY

SEASONALLY ADJUSTED ANNUAL RATES
1968

YEAR TOTALS
1969
1970

1
1

1971

1970
IV

1971

1
1

II

I

1
I

IV

HI

I

1972
II

ADJUSTED

ANNUAL

RATES

III

C OMMERCIAL BANKS
CURRENT SURPLUS
PLANT ♦ EQUIPMENT

1
2

3.0
,6

3.7
1.8

3.8
1.1

3. 9
1.1

3. 9
1.2

4.0
1.0

3.8
1.0

3. 9
1.2

4.0
1.3

3 .6
1.3

4.1
1.3

4.0
1*2

3
4
5
6
7
8

44,5
39, 8
38,5
3,4
2,2
1,3

14.2
12.2
13.4
-9. 5
-9.2
-.3

37.7
33 . 7
32.2
9. 5
6.0
3.6

56.4
50.2
49.4
6.1
2.5
3.6

44.9
48.4
44.4
18. 9
9.5
9.4

60.7
44 . 4
45.7
6. 9
4. 8
2.1

55 . 9
52 . 8
53.6
11.1
7.6
3.4

51 . 5
44 . 5
4 3.1
-3.6
-6.6
3.0

57.4
58.7
54.9
10.2
4.4
5. 8

54.1
61.8
57.2
-.4
-3.4
2. 9

76.3
59.3
52.8
4 .5
.6
3.9

70.1
66.2
62.6
1.6
-. 8
2.4

N E T A CQ. OF F I N A N * A S S E T S
TOTAL BANK CREDIT
CREDIT MARKET INSTRUMENTS
U.S. G O V T S E C U R I T I E S
DIRECT
A6ENCY ISSUES

9
10
11
12
13

15,5
8.6
.3
3.5
3.2

5.3
.2
-.1
3.0
2.3

13.6
10.5
.8
.7
1.6

23.9
12.8
1.3
5.6
4 .2

20.1
1 5. 5
1.2
.9
2.5

25.8
1 7. 9
1.5
3. 3
3.1

25.9
13.9
1.5
5 .8
4.7

20. 2
7.5
1.1
6.7
5.0

23 . 6
11.8
1.1
6. 5
4.2

26.5
10.4
1.9
7.4
6.9

23.3
4. 5
1.9
8. 3
8. 6

24.9
7.3
1.2
7 .4
9.0

O T H E R S E C U R I T I E S ♦ MTS.
S T A T E AN D L O C A L 0 B L I 6
CORPORATE BONDS
HOME MORTGAGES
OTHER MORTGAGES

14
15
16
17
18

19.6
4.9
15.8
-1.1
1.3

17.5
3.3
13.7
.5
-1.1

9.1
1.9
5.2
2.0
1.4

19.4
4.8
1 3.8
.8
•8

5. 4
.3
4. 7
.4
4.0

13.0
1.8
10. 3
.9
-1.3

16.5
4.0
12.6
-.2
-.7

26.5
6.1
21.3
-.8
1.3

21.1
6.9
10.9
3.3
3.8

3 1.1
5.6
25.3
.2
4.5

25.1
9.0
17.4
-1 . 3
6.5

36.2
9.8
27.5
-1.2
3.5

O T H E R CR. EXC, S E C U R I T Y
CONSUMER CREDIT
BANK LOANS N.E.C.
OPEN-MARKET PAPER
SECURITY CREDIT

19
20
21
22

2.7
1.9
.7
.1

1.2
.5
.6
.2

2.8
1.8
.9
.1

4.7
4.1
.2
.4

-1.9
- 1.0
-1.4
.5

9.3
7.1
2.3
-.1

6.2
-.9
6.9
.2

2.6
1.2
-.1
1.6

.8
9. 2
-8.3
-.1

-1 2 . 1
-1.9
-10.8
.6

19.0
3.3
1 5.9
-.2

-1.0
-1.5
- .4
.8

INTERBANK CLAIMS
VAULT CASH ♦ MEM.BK.RES.
D EP . AT F G N , B A N K I N G AG,
L O A N S T O F G N , B A N K I N G AG,

23

1.9

.6

1.3

1.5

-1.6

6 .9

-3.2

4.4

- 2.1

4,4

-2. 0

4. 9

24
25
26
27

42.6
13.4
-.2
13.6

13.2
5.2
•
5.2

36. 0
8 .6
2. 9
5 .7

53.9
1 3.7
2.2
1 1. 5

43.8
13.8
4.6
9.2

58.5
-.5
-14.8
1 4.3

52.9
24.6
11.5
13.1

49.1
-.7
.4
-1.1

54.8
31.3
11. 9
19.5

52.3
8.3
-8.2
16.4

74.1
7.8
.3
7. 5

67.6
20.1
.3
19. 8

39.1
3.7
35.4

37.3
-6.2
43.5

45.9
10.5
35.4

46.4
21.5
25.0

TIME DEPOSITS
L A R G E NEG. C D ' S
OTHER

28

INTERBANK LIABILTIES
F,R, FLOAT
B O R R O W I N G AT F . R . B A N K S
DEM.DEP.OF FGN.BK,AS.
TIME DEP.OF FGN.BK.A0.
D E P , O F B A N K S IN U S PO S S ,
LOANS FROM AFFILIATES
LOANS FROM FGN.BK.AG,

31

BANK SECURITY ISSUES
PROFIT TAX LIA B I L I T I E S

39
40

MISCELLANEOUS LIABILITIES
L1AB. TO FGN, BR A N C H E S
OTHER

41
42
43

2B
29
30

20.6
3.1
17.4

-9. b
-12.5
3.0

37.6
1 5.2
22.4

41.1
7.9
33.2

43.9
13.4
30.5

60.7
5.8
54.9

32.7
4.0
28.7

31.9
18.2
13.8

31
32
33
34
35
36
37
38

1.7
.9
•
.7
w
»
.
*

1.5
*
*
•a
•
.6
.1

2.5
.8
.2
1.2
.1
.1
.1
»

.3
.1
-.3
•
#
.1
.3
*

1.7
2.3
- .7
-.5
.2
.1
.2
#

2. 6
-1.5
-1.2
2.5
.1
.1
1.8
.7

7.8
.4
1.0
6.4
.1
.1
-.2
•

1.0
2.2
-2.2
.8
.1
•
.1

-10.3
- .8
1.2
-9.6
.1
-. 4
-. 7

-6.4
1.1
-1.3
-11.6
,1
•
5 .3

18. 3
.8
.2
12.7
.1
-.5
5.0

-1.4
1.2
-.5
2 .0
,1
-.6
-4.4

39
40

.2
-.1

.1
.1

.1
.3

.6
*

•
.2

.9
.1

.4
-.7

.2
.1

.6
.4

3. 6
-1.1

.4
•

.6
.1

41
42
43

6.9
1.8
5.1

15.9
6.6
9.1

-13.0
-7.2
-5.8

-1.7
-4.8
3.0

-15.8
-16.0
.2

-5.2
-10.4
5.2

-11.8
-6.2
-5.6

16.5
3.9
12.6

-6.3
-6.3
•

10.6
2.5
8.1

1.8
-.4
2.2

1,8
2,4
~#6

44

.6

.9

1.0

.3

1.6

.9

-. 2

. .2

.1

.6

.6

3
,3

-

MISC, ASSETS
N E T I N C R E A S E IN L I A B I L I T I E S
D E M A N D D E P O S I T S * NE T
U.S. G O V E RNMENT
OTHER

DISCREPANCY

24

25
26
27

29
30
32
33
34
35
36
37
38

44

D O M E S T I C A F F I L I A T E S OF C O M M E R C I A L B A N K S
1
2
3

.

4
5
6

_

-

-

4.5
3.9
.6

-.9
-1.0
.1

.2
-.1
.3

-8.8
-9.1
.2

1.4
- .4
1.8

.6
.8
- .2

-.4
-.4
•

-.9
-.5
-.4

-.3
- .3
•

-2.4
-1.9
-.5

- .7
-.1
-.6

NET ACQUIS, OF FINAN, ASSETS
BANK LOANS N.E.C,
LOA N S TO AFFILIATE BAN K S

1
2
3

4.5
4.2
.3

-.9
-1.9
1.0

.2
- .4
.6

-8.8
-8.9
.1

1.4
-2.6
4.0

.6
.2
.5

- .4
.7
-1.1

-.9
.3
- 1. 1

-.3
.8
- 1.1

-2.4
- .8
-1.6

-.7
1.6
-2.3

N E T I N C R E A S E IN L I A B I L I T I E S
COMMERCIAL P APER ISSUES
MISCELLANEOUS LIABILITIES

4
5
6

-6.9
1.B

2 0.1
1.1
-.4
-.1

1.1

1.6
*

E D G E AC T C O R P O R A T I O N S A N D A G E N C I E S OF F O R E I G N B A N K S
1.9
.4

2.6

1.4

3.0
.2
- .1

2.4
-1.9

2.2

2.6

-.2
-.7

.2

-.1

1.7

.4

-

4.5
.5
- .7

3.6
.7

-7.7
1 .6

- .1

-.1

1.0

1.1 N E T ACQ . OF F I N A N C I A L A S S E T S
2.5
CREDIT MARKET INSTRUMENTS
,4
U.S.GOVT. SECURITIES
.1
STATE♦ LOCAL G O V T , S EC.
CORPORATE BONDS
2. 0
BANK LOANS N,E,C.
OPEN-MKT. PAPER

8
9
10
11
12
13

.7
•
•
.7

•
—
.8
.1
.2

.1
_
1.2
.1
•
1.4

•
—
•
•
•
.4

.1
—
-.5
.2
*
-. 2

.1
2.5
.1
.7
.9

.1
6. 4
.1
•
-2.5

-.1
.8
.1
2.0

-.1
-9.6
-.7
1.2

.3
—
-11.6
5.3
-2.9

12.7
5. 0
1.4

.

—
2.8
-4.4
.2

14
15
16
17
18

1.9
.1
.2
.7
.1

2 .6
.1
.2
.6
.2

3.0
.1
.4
.9
.1

.7
. .3
.3
.2
.4

2.2
2 .4
.2
-1.4
.5

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

4.5
.1
.2
6.9
.2

3.6
1.7
.5
-.1
1.6

-7.7
-.9
.2
-8.3
-.1

-6.9
- .5
.4
-10.8
.6

20,1
.1
.5
1 5.9
-.2

1.1
-2.5
-.1
-. 4
.8

19
20
21

.8
.5
.3

l.b
1.2
.4

1.5
.2
1.3

-.5
.7
-l.l

•6
.2
.3

-.4
.1
-. 5

-2.8
.6
-3.4

-.1
1.1
-1.2

1.4
.9
.5

3. 3
-.»
4.2

3. 8
1.7
2.1

3.2
1.6
1.6

.3
.1
.2
•
.1
•
.1
.1
•
*

.2
,1
,2
•
,1
•
,1
,1
•

.3

,2 N E T INCR. i n d e p o s i t L I A B ,

.1

banks

1
2
3
4
5
6
7
8
9
10

.3
•
,1
•
•
•
•
•
•
.1

1.1
•
.2
•
•
•
.2
•
.1
.9

.3

1.1

u

.

s

.

.3
.1
.2
.1
.1
•
.1
.1
•
*

.4
.1
.1
•
•
•
.1
.1
•
.2

.4
.1
.2
•
,1
•
,1
,1
•
,1

.3
.1
.3
.1
.1
.1
.1
•
•

.3
.1
.3
.1
,1
•
,1
.1
•

.3
.1
.2
•
.1
.1
.1
•
•

.3
,1
,2
,1
,1
•
.1
,1
*

.5

.3

.4

,4

.3

.3

.3

.3

A N O I N C O M P L E T E IN F O R M A T I O N .

.

8
9
10
11
12
13

E T I N C R E A S E IN L I A B I L I T I E S
DEM , O E P , IN M O N E Y S U P P L Y
TIME DEPOSITS
D E P O S I T S OF B A N K S
LOANS FROM BANKS

14
15
16
17
18

MISC. LIABILITIES
DUE TO F6N, AFFIL I A T E S
OTHER

19
20
21

possessions

.5
.1
.1
•
•
•
,1
,1
•
,3


I I 1/ 72 IS B A S E D ON P R E L I M I N A R Y

11

in

CORPORATE EQUITIES
SECURITY CREDIT
O E M . D E P O S I T S AT COM , B A N K S
T I M E D E P , AT COM , B A N K S
L O A N S TO B A N K S
MISC. ASSETS

1
2
3
4
5
6
7

D E P O S I T S AT B A N K S
C R E D I T MKT , I N S T R U M E N T S
U.S.GOVT. SECURITIES
S T A T E ♦ L O C A L G O V T , SEC,
CORPORATE BONDS
MORTGAGES
HOME MORTGAGES
COMMERCIAL MORTGAGES
MISCELLANEOUS ASSETS

7 N O V E M B E R 19 72
NONBANK FINANCE

SUMMARY

NONBANK
SECTOR

SEASONALLY

ADJUSTED

ANNUAL

YEAR

TOTALS

PRIVATE
1

.2
.7

3
4
5

\49.7

6

-.3

7
8
9

9.4
36.0

10
11

46.5

1.0

2.1
1.2

.1
-.1

12.8

35.0
-1.9

1.0

9.5

6.8

12
13
14
15
16
17
18

6.6

6.5

7.0
3.8
3.8

4.1
9.7

.3
1.3

.4
.9

19
20

48.5
7.9
19.1
12.4
1.6

27
28

49.3
12.7
18.6
6.7
.8
.2
2.3
3.3
2.5
.9

29
30
31
32

4.7
2.0
,2
4.4

33

-.9

21
22
23
24
25

26

2.0

6.8
-

2.6

IV

I

NONBANK

2.0
1.0

4.1

54.5
1 .5
.2

III
FINANCIAL

19.2
56.0
3.1

52.9
17.0

77.3
40.8

22.2

24.0

1 .»
14.5
17.7

|

CURRENT SURPLUS
PHYSICAL INVESTMENT

1
2
3
4
5
6

- TOTAL

3.8
1.4

4.4
1.8

4.0
.5

3.9
1.1

4.3
1.2

62.8
2.3
.3

91.2

76.2

2.0

-.2
.2
.4

83.3
-.1
.1
-.8

94.6
-1.5
.1
.7

98.0
2.1
.1
-.1

101.0
1.3

.6

70.4
1.0
.1
.1

-.1

NET ACQUIS. OF FINAN, ASSETS
DEM. D E P O S I T S ♦ CURR,
T I M E D E P O S I T S ( M SB)
S V G S . ♦ L O A N S H A R E S (C R U)

14.3
38.3
3.5
2.4
12.9

21.8

19.5
56.5
3.2
.6
12.6
17.6
13.4
2.5

18.1
48.3
2.4
3.2
8.5
20.2
11.2
3.7
-.9
.7
.5
1.6

17.2
62.3
-2.3
2.0
19.1
19.6
15.3
4.8
3.7
2.6
.5
1. 4

13.5
67.8
12.3
1.2
15.6
20.1
10.4
5.3
2.9
7.8
.5
5.6

16.5
73.0
4.5
2.2
13.4
27.6
14.5
6.2
4.5
5.7
.5
.4

17.4
73.9
3.0
1.9
15.5
34.2
13.0
5.2
1.1
5.6
.5
2.4

CORPORATE SHARES
CR E D I T MKT, INSTR,
U.S. GOVT. SECURITIES
STATE ♦ LOCAL OBLIG,
COR P O R A T E ♦ FGN, BONOS
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER CREOIT
OTHER LOANS
SECURITY CREDIT
TRADE CREDIT
MISCELLANEOUS ASSETS

7
0
9
10
11
12
13
U
15
16
17
16

80,1
33.5
24.6
10.4
4.3
.8
-.3
5.7
5.7
•

87.5
57.6
16.8
2.9
5.9
.2
6.1
-9.3
-3.3
-6.0

91.9
41.5
29.1
7.5
4.2
2.0
-.7
2.1
1.5
.6

97.5
45.1
24.0
14.0
4.5
1.5
7.2
.9
-l.l
1.9

N E T I N C R E A S E IN L I A B I L I T I E S
TIME ♦ SVGS. ACCOUNTS
IN S U R A N C E AND P E N S I O N RES,
CR E D I T MKT, INSTR,
F I N A N C E CO. B O N D S
M T G . L O A N S IN P R O C E S S
BANK LOANS N.E.C,
OTHER LOANS
F I N A N C E CO, PAP E R
FHLB LOANS

19
20
21
22
23
24
25
26
27
28

11.6
10.0

3.0
3.3

-1 . 8
-.4

?.0

2.1

1.8

ANNUAL RATES

3.4
1.3

12.5

.5

IV

ADJUSTED

1972
II

4.1
1.3

1. 0

11 .3
38.7
4.0
1.0
11.9
7.1
8.4
.6
4.9
-1 .4
.5
3.8

INSTITUTIONS

.2

56.4
9.1
1.7
17.9
13.2
10.0

.8

.5
4.1

3.7
1.9
.5
7.9

64.6
26.2
23.4
3.2
3.7

86.7
52.0
25.4
4.0
4.5

6.8

2.8
.5
-3.6
71.5
42.4
24.7
-3.4
2.3
3.7
1.4

.

-2.5

1.3

4.3
3.8
2.0
1 .4
-2.9
-.2
-2.7

.7
-.7

-

1.8

-9.8

71.0
35.4
21.2
6.1
4.0
1.7
-2.0
2.4
1.5
.9

5.5
-2 .0
.1
5.4

2.6
1.4
.2
5.0

1.3
.6
-.1
6.5

.7
4.8
.6
5.8

-2.0
1.0
.2
6.2

2.7
-2.5
-.1
7.6

2.0
-.2
-.1
6.5

2.5
4.0
-.5
5.5

-2.7
5.2
.1
7.6

2.0
4.2
.3
7.3

.5
5.6
.6
7.7

1.0

-.5

-.6

-1.7

-2 .6

3.0

-.7

-3.6

-3.4

-.4

DISCREPANCY

CURRENT

•

3.7
2.5
.6

2.1

-.6

8.7
4.7

1.1
-.2

SUMMARY
10

SEASONALLY
|

FINANCE

INVESTMENT

RATES

1*71

2

S T A T E M E N T S OF S A V I N G AN D
( BI L L I O NS OF DO LLA RS)

1.8

2 .1

6.5
-8.9
-7.0

-.1

5.0
SAVINGS

AND

LOAN

10.8
1.0

-

-

I N V E S T M E N T CO, S H A R E S
SECURITY CREDIT
taxes payable
MISCELLANEOUS LIABILITIES

29
30
31
32

ASSOCIATIONS

1

1.0

1.0

1.1

1.5

1.3

1.4

1.5

1.6

1.6

1.6

1.7

1.6

2
3
4
5
6
7
8
9

9.7
* .4
10.1
.7
7.2
2.1
.1
•

9.3
-.2
9.8
.3
7.7
1.8
•
-.2

14.1
.3
11.3
1.2
7.2
3.0
■*
2.5

30.1
.5
29.4
5.2
18.0
6.1
.1
.2

20.6
.6
17.2
.8
11.5
5.0
•
2.8

37.8
.1
32.3
14.2
13.0
5.1
-.1
5.4

26.5
1.0
30.0
4.0
18.4
7.5
.1
-4.5

29.8
.9
29.6
2.5
21.3
5.6
.1
-.6

26.5
.1
25.9
.2
19.4
6.3
.1
.5

37.1
.1
34.8
9.3
18.7
6.7
•
2.2

35.8
,9
35.1
2.0
25.4
7.5
.2
-.2

40.2
1.0
37.9
3.2
27.6
7.1
.1
1.3

NET ACQ. OF FINAN, ASSETS
DEMAND DEPOSITS ♦ CURRENC
CREDIT MKT, INSTR,
U.S. GOVT. SECURITIES
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER CREOIT
MISC. FINANCIAL TRANS.

2
3
4
5
6
7
8
9

10
11
12
13
14
15
16

8.9
7.4
1.1
.2
.9
.1
.4

8.4
3.9
4.1
•
4.0
.1
.4

13.3
10.9
1.8
.6
1.3
-.1
.6

20.9
28.1
«
2.0
-2.7
.7
.0

20.2
17.3
1.9
2.1
-.7
.5
.9

36.9
36.5
-.7
1.8
- 1.8
-.7
1.0

25.8
28.4
-4.4
3.7
-9.8
1.7
1.7

28.8
25.0
3.0
1.7
.9
.4
.8

24.2
22.4
2.1
*8
*
1.3
-.3

36.0
41.5
-7.1
.2
-6 .0
-1.3
1.5

35.1
29.2
4.3
2.0
.6
1.7
1.5

39.2
33.1
4.0
1.5
1.9
.6
1.9

N E T I N C R E A S E IN L I A B I L I T I E S
SAVINGS SHARES
CRE D I T MKT. INSTR,
M T G . L O A N S IN P R O C E S S
FHLB ADVANCES
BANK LOANS N.E.C.
MISCELLANEOUS LIABILITIES

10
U
12
13
14
15
16

17
18

.3
.9

.1
4.4

.4
*

.4
-2.1

.9
-3.4

.5
-6.4

.8
-4.3

.7
2.1

-.6
.1

.5
-7.1

MUTUAL

SAVINGS

BANKS

1.0
1.7 .

.6
1.6

SURPLUS

DISCREPANCY
MEMOFHLB LOANS LESS

1

DEP.

17
18

1

.2

.3

.4

•5

.5

.5

.5

.5

.6

.6

•6

.6

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

4.6
•1
«
.3
4.1
-.2
*
1.3
1 .4
1.4
.2
•
.3

3.1
*
-.1
.2
2.9
-.5
*
.3
1.4
1.3
.2
.3
*

4.7
.1
.2
.3
3.8
.2
*
1 .3
.9
.9
.3
.2
.3

10.6
«
.2
.5
9.3
.4
.2
4.3
1.2
2.7
.3
.3

5.9
.3
.3
.4
4.7
- .1
2.1
1.3
1.3
.3
-.2
.3

13.8
.2
.2
.4
12.3
-.1
.2
7.7
.9
2.1
.5
1.1
.8

12.3
-.3
.2
.4
11.3
.9
.3
6.0
1.0
2.6
.4
-.2
.6

7.2
-.3
.1
.4
6.1
.7
.1
1.0
1.2
2.7
.1
.2
.9

9.1
.3
.1
.7
7.7
-.2
,2
2.5
1.8
3.3
.1
*
.2

15.0
-.2
.1
.7
11.4
.2
.5
5.3
2.2
2.2
.6
.4
3. 1

u.i
.i
.i
.8
10.4
.4
.5
3.4
3.0
2.7
.4
-.3

10.6
.3
.5
9.5
-.5
.7
3.4
3.2
2.6
.1
.1
.2

15
16

4.2
.1

2.6
.2

4.4
.1

9.9

6.8
-.3

12.5
*

11.0

.1

.2

7.4
.3

0.5
.1

12.2
.5

9.1
.4

9.0
.4

SAVINGS DEPOSITS
MISCELLANEOUS LIABILITIES

15
16

-.1

*

.2

-.1

1.1

-.9

-.6

1.0

.1

- 1.8

- 1.1

-.7

DISCREPANCY

17

2.6
«
-.0
3.4
1 .4
2.0
. 1

3,9
.
.7
3.2
1.3
1.8
.1

3.2
-.1
3.3
1.2
2.0
.1

2.9
•
-.1
3.0
1.3
1.7
.1

N ET A C Q U I S , OF F I N A N , A S S E T
DEM, DEPOSITS ♦ CURR,
SVGS. ♦ LOAN SHARES
CREDIT MKT, INSTR,
U.S.GOVT. SECURITIES
CONSUMER CREDIT
HOME MORTGAGES

2.6

3.9

3.2

2.9

CREDIT

17

.6

CREDIT

3
4
5
6
7

1.1
•
-.3
1. 4
.2
1.2
«

1.4
•
•
1. 5
.1
1.4

8

1.1

1.4

1

2

1 1 1/ 72

IS 0 A S E O

1.7
.2
*
1 .5
.9
.1
1. 7

ON P R E L I M I N A R Y




2.9

«
*
2.9
1.1
1.7

.1
^.9

AND

SURPLUS

1

UNIONS

2.0 ‘
.2
•8
i.i
.5
.5
.1

3.0
.1
.6
2.3
1. 1
1.2
.1

3.0
»
.4
2.6
1.0
1.6
«

3.0
•
.1
3.0
1.1

2.0

3.0

l.U

3.0

INCOMPLETE

CURRENT

NET ACQ. OF F I N A N C I A L ASSET
2
DEM. D E P O S I T S ♦ CURR,
3
TIME DEPOSITS
4
CORPORATE SHARES
5
CR E D I T MKT, INSTR.
6
U.S. GOVT. SECURITIES
7
ST A T E ♦ LOCAL GOVT, SEC,
8
CORPORATE BONOS
9
HOME MORTGAGES
10
OTHER MORTGAGES
11
CONSUMER CREDIT
12
OTHER LOANS
13
MISCELLANEOUS ASSETS
14

INFORMATION.

1.9

»

UNION

SHARES

1
2
3
4
5
6
7
8

7 N O V E M B E R 1972
I N S U R A N CE ♦ W N S I M

FUNOS

INSURANCE * PENSION FUNOS
S E C T O R S T A T E M E N T S OF S A V I N G A NO IN V E S T M E N T
(B I LL IO N S OF DO LLA RS )

SEASONALLY ADJUSTED ANNUAL RATES
YEA R T O T A L S
1969
1970

1971

SEASONALLY ADJUSTED ANNUAL RATES
I

1 970
IV

|
I

1971
II

1972
II

III

LIFE INSURANCE COMPANIES
1
2

•6
.7

.9
.B

.8
1.0

1.0
1.4

.8
1. 0

1.0
1.3

1.0
1.3

1.1
1.4

1.1
1.8

1.1
.5

1.2
1.1

1.2
1.2

3
4

9.8
*1

9.2
•

9.9
.1

12.5
•

9.7
.2

12.8
.3

12.0
-.1

12.3
-.2

13.0
.1

14.5
-.7

12.9
1.2

13.9
-. 1

5
6
7
8
9
10
11
12
13

1. 4
7.7
-. 1
.2
3.9
-.7
3.2
1* 2
.6

1.7
6.7
-.3
*
l.b
-1.1
3. 1
3.4
.9

2.0
7.0
.1
•i
1.5
-1.3
3.6
3.0
.8

3.6
ft.l
-.2
.2
5.1
-2.1
3.3
1.6
.8

2.9
5.8
-.2
.1
1.9
-1.4
3.3
1.9
.8

4.5
7.2
-.6
»
3.6
-1.9
2.7
3.3
.8

3.4
7.9
-.1
.4
3.9
-2.1
2.7
3.2
.8

3.2
8.5
-.1
.3
5.6
-2.2
3.8
1.1
.8

3.5
8.6
.1
.1
7.4
-2.1
4. 1
-1.1

4.2
10.1
.5
9.1
-3.3
2.8
1.0
.8

4.2
6.7
-.3
-.7
5.1
-2.3
3.2
1.6
.8

4.3
8.9
-. 1
.1
7.2
-1.8
3.3
.3
.8

14
15
16
17

9.1
4.6
2.9
1.5

9.2
4.8
2.9
1. 4

10.2
5.1
3.3
1. 7

11.8
6.6
3.3
2.0

10.7
5.5
3.3
1.6

11.3
6.1
3.3
1.8

11.8
6.6
3.3
2.1

12.1
6.8
3.3
2.0

12.0
6.8
3.3
2.2

12.4
7.2
3.3
2.0

12.4
7.2
3.3
1.9

12.7
7.5
3.3
1.9

NET

18

-.8

.1

.1

-1.1

.8

-1.8

-.4

-.5

-1.7

-1.4

-.4

-1.1

DISCREPANCY

PRIVATE

PENSION

6.4
•3

6.3
*

7.1
.2

7.3
-.2

8.8
-. 1

8.2
.7

7.5
-1.3

5.1
.4

8.2
-.5

3.2
-1.0

7.4
-. 1

5.4
-.3

3
4
5
6
7
8

4.7
1.1
.4
.6
•
.4

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

4.6
? •4
.2
2.1
.1
*

8.9
-1.6
-.3
-.7
-.6
.1

6.2
2.4
-.5
2.8
.1
.2

9.6
-2.9
-.1
-2.2
-.6
.8

11.6
-2.3
-1.0
-.4
-.8
-.6

6.9
-2.6
•
-1.9
-.7
.3

7.5
1.6
•
1.9
-.4
-.3

7.7
-2.8
1.3
-2.8
-1.2
-.7

8.6
-1.0
•
-.6
-.4
-.1

7*0
-1.2
.3
-.8
-.6
-.1

GOVT.

EMPLOYEE

♦ LOCAL

RETIREMENT

4.7
.1

5.0
-. 1

6.8
.1

6.8
-.1

5.8
.6

7.8
-.1

7.4
.1

6.0
•

6.2
-.4

3.1
-.2

11.2
-.4

7.8
.2

3
4
5
6
7
8
9
10
11
12

1.3
3.2
.3
-.2
.5
*
4.2
2.5
.4
.1

1.8
3.4
-.3
-.3
.1
-.1
5. b
3.1
.6
•

2.1
4.3
-.1
-.4
.3
-.3
b. 8
3.9
.8
.2

3.2
3.6
-.8
-.5
-.3
-.2
7.9
4.4
.3
.1

2.9
2.2
-.4
-.7
.3
-.4
6.0
2.7
.4
.1

2.8
5.0
-1.1
-1.0
-.2
•
8.9
6.1
.1
.1

3.1
4.2
-1.5
-1.3
-.3
«
8.8
5.4
.3
.1

3.8
2.0
.6
.5
.1
-.6
5.8
2.8
-.9
.1

3. 1
3.4
-1.3
-.4
-.9
-.2
8.0
3.3
1.6
.2

2.1
1.1
-.5
-.2
-.3
-.2
3.9
3.2
-1.4
.1

3.8
7.7
-.3
-.6
.3
.1
11.6
6.8
1.0
.2

3.8
3.6
-.4
*
-.4
-.1
7.9
4.2
»
.2

INSURANCE

ACQUIS. OF FINAN. ASSETS
OEM. D E P O S I T S ♦ CURR,
CORPORATE SHARES
CREOIT MKT. INSTRUMENTS
U.S. GOVT. S ECURITIES
STATE AND LOCAL OBLIG,
CORPORATE ‘
BONDS
HOME MORTGAGES
other
other

mortgages
loans

MISCELLANEOUS

ASSETS

I N C R E A S E IN L I A B I L I T I E S
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
OTHER LIABILITIES

NET ACQ, OF FINAN, ASSETS
DEM, O E P O S I T S ♦ CURR.
CORPORATE SHARES
C R EDIT MKT. I N S T R UMENTS
U.S. GOVT. S E C U R I T I E S
CORPORATE BONDS
MORTGAGES
MISCELLANEOUS

FUNDS

1
2

OTHER

NET

FUNDS

1
2

STATE

CURRENT SURPLUS
PHYSICAL INVESTMENT

NET ACQ.OF FINAN, ASSETS
DE M A N D OEP. AND C U R R E N C Y
CORPORATE SHARES
CREDIT MKT. INST R U M E N T S
U.S.GOVT.SECURITIES
DIRECT
U.S.G. AGEN C Y SEC.
STATE ♦ LOCAL OBLIGATION
OTHER CR.MKT.INSTRUMENTS
CORPORATE BONDS
MORTGAGES
OTHER

COMPANIES

1

.1

-.1

.8

l.b

1.4

1.3

1.5

1.6

1.6

1.6

1.6

1.6

CURRENT

2
3

3.1
.1

2.9
•

5.4
.1

4.9
•

5.3
.1

4.0
•

5.3
•

4.9

5.4
•

5.7
*

5.8
•

6.1
•

N ET ACQ. OF F I N A N .
DEMAND DEPOSITS

4
5
6
7
8
9
10

.8
1.9
-.2
1.0
1.2
•
.3

1.0
1.6
-.5
1.2
.8
•
.4

1.0
3.9
.1
1.5
2.3
*
.5

2.5
1.9
-.4
1.5
.7
.1
.5

1.3
3.4
•
1.5
1.9
•
.5

1 .1
2.4
-.4
1.5
1.2
•
.5

3.0
1.8
-.4
1.5

2.9
1.4
- .6
1.5

2.9
2.0
-.1
1.5

2.7
2.5

.1
.5

2.3
2.8
-.4
2.2
1.0
.1
.5

2.8
2.8
-.5
1.8
1.4
.1
.5

11
12

2.4

3.4

-.5

.4

3.5
-1 .2

3.4
•

3.7
-.2

3.5
.9

3.5
-.4

3.3
-.5

3.7
-. 5

3.7
- .5

I 11/72

IS B AS E D ON P R E L I M I N A R Y

AND

INCOMPLETE




.6

•
.5

INFORMATION.

.6
•5

3.4

- .6
2.0
1.1
.1
.5

3.9
-.6

SURPLUS
ASSETS
* CURRENC

CORPORATE SHARES
CREDIT MKT. INSTRUMENTS

U .S. G O V T . S E C U R I T I E S
STATE ANO LOCAL OBLIG.
CORPORATE BONDS
COMMERCIAL M0RT6A6ES

TRADE CREDIT
NET INCREASE
DISCREPANCY

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

5
6
7
e

9
10
li
12

13
14
15
16
17

7 N O V E M B E R 19 72
F I N A N C E N. E . C .

F I N A N C E N .E. C .
S E C T O R S T A T E M E N T S OF S A V I N G ANO
( B I L L I ON S OF D O LL AR S)

12

IN V E S T M E N T

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

YE A R T O T A L S

I

1970

|

i
1
I

1 97 2
II

ii

-1.8

r\j i
OJ 1

1

-1.1

-.7

.1

-.1
finance

1 *
2 *
3
4
5
6
7
8
9

-1.1

-1.1

-.5

-. 9

-1.2

-.7

1C O M P A N I E S

5.5
.2
.6
\2.4
2 .2

8.0
.3
.3
2 .6
4.8

1.9
.3
.1
-.6
2.1

4 .?
.3
1.1
1.0
1 .9

-1.0
.3
•
-2.6
1.3

5.2
.3
1.7
-.8
4.0

3.2
.3
1.0
.3
1.6

1.6
.3
.5
1.6
-. 7

6 .5
.3
1.0
2. 7
2.5

10. 7
.3
3.7
2.8
3.9

6. 0
.3
1.8
4.0
-.1

9. 3
.3
5.8
3.3
•

5.5
.8
2.3
2.5

8 .3
1.6
2.1
4.7

1.8
2.5
-.5
-.2

4.3
. 3 .8
.7
-.2

1.3
3.7
-3 . 0
.7

4 .7
4 .5
7.2
-7.0

1.1
2. 3
-.3
-1.0

3.1
4.0
-2.4
1.5

8.3
4.3
-1 . 7
5. 7

10.0
5.9
7.4
-3.3

3. 3
4.2
-2.4
1.5

10.0
4.5
6. 6
-1.1

N E T A CQ. OF F I N A N . A S S E T S
DEMAND OEP.* CURRENCY
HOME M 0RT6A6ES
CONSUMER CREDIT
O T H E R L O A N S (TO BUS.)

1
2
3

N E T I N C R E A S E IN L I A B I L I T I E S
CORPORATE BONOS
BANK LOANS N.E.C.
OPEN MARKET PAPER

6
7
8
9

a

5

OPEN-END INVESTMENT COMPANIES
1

-2.2

-2 . 2

-1.0

-.9

.3

-.1

-1.3

-1.2

-.7

-1.1

-1.5

-1.3

2
3

2. 5
.1

3.3
-.1

1.6
»

.5
.1

.9
.2

-2.2
.4

1.5
.1

.8
-.1

1.8
.1

-3.7
.2

.5
.1

-.8
-.1

4
5
6
7
a

1.5
.9
.2
.4
.3

2.5
.9
-.5
.2
1.2

1.1
.5
.2
.7
-.4

.4
-.1
-.3

1.6
-.9
.1
2. 4
>3.4

2.0
-4.5
.2
•
-4.7

.6
.8
-1 . 0
-.4
2.2

1.7
- .8
-. 7
1.4
-1.5

‘
2 .4
4.2
.4
1.5
2 .2

-2.4
-1.6
•
.8
-2.4

-1.8
2.2
*
-.5
2.6

-1.2
.5
-.3
•
.8

9

4.7

5.5

2 .6

1 .3

.7

-2.0

2.7

2.0

2.5

-2.7

2.0

.5

.6

-.4

CURRENT SURPLUS

1

N E T ACQ . O F F I N A N . A S S E T S
DE M . D E P O S I T S ♦ C U R R .

2
3

CORPORATE SHARES
C R E O I T MKT . INS T R .
U.S.GOVT. SECURITIES
CORPORATE BONOS
COMMERCIAL PAPER

4
5
6
7
8

NET SHARE ISSUES

9

1
2
3
4
5
6
7
8

SE C URITY BROKERS AND DEALERS
1
2
3
4
5
6
7
8
9
10
11

2.4
.4 .
-.5
.4
.8
•
-.5
2 .0

-2.1
.3
.2
•
•
-. 2
.2
-2.6

1.2
•
.2
2.4
1.7
•6
.2
-1.4

2.0
1.0
1.0

•2.0
-1.0
-1 . 0

1.4
1.9
-.6

.5
*
•
-1.5
-1 .6
.1
•
?.0
.6
.7 .
-.1

4.7
•
-1 . 0
3. 6
3.4
1.2
-1.0
2.1

.9
—
1.5
■2.6
•4.0
-.1
1.5
1.9

-2.5
•
-2.5
-2.8
1.4
-1.6
-2.5
2.8

-. 3
•
-. 9
•
-1.0
1.8
-.9
.7

♦.0
•
1.9
-.6
-2.8
.3
1.9
2.6

5.1
•
-1.1
-1.6
.7
-1.3
-1.1
7.8

4.2
•
>1.8
.3
1.9
.2
‘
1.8
5.7

5.6
*
.2
-. 2
•
-.5
.2
5.6

NET ACQ. OF FINAN. ASSETS
D E M A N O OEP. ♦ CURRENCY
CORPORATE EQUITY SHARES
C R E O I T M K T . I N STR.
U. S . 8 0 V T . SECURITIES
S T A T E * U > C A L S O V T . SEC.
CORPORATE^FGN. BONOS
SECURITY CREDIT

4.8
4.6
.2

1.0
•1.3
2.3

-2.5
-.9
-1.6

-.2
1.3
-1.5

4 .0
3. 5
.6

5.2
3.9
1.3

4.2
5.4
•1.2

5.6
2.7
3.0

N E T IN C R . IN L I A B . - SEC . CR 9
FROM BANKS
10
CUSTOMER CREOIT BALANCES
11

1 1 1 / 7 2 IS B A S E D O N P R E L I M I N A R Y A NO I N C O M P L E T E I N F O R M A T I O N .




7 N O V E M B E R 1972
R EST OF THE W ORLD

REST Of THE WORLD
SECTOR

SEASONALLY

ADJUSTED

ANNUAL

1968

YE AK
1969

TOTALS
1971)

S T A T E M E N T S OF S AV T NG AND
( B I L L I O N S OF DO LL A R S )

13

INVESTMENT

RATES

ADJUSTED ANNUAL RATES

SEASONALLY

1971

1
|

1970
IV

|
1

1971
I
REST

II
OF

THE

IV

III

1
1

I

1972
II

III

WORLD

2.5
50.6
48.1
2.9
.4

1.9
bb.D
53.6
2.9
1.0

3. ft
62.9
59.3
3.2
-.4

.7
66. 1
65.4
3.6
?.a

2.8
63.2
60.4
3.4
.5

4.5
66.3
61 .8
3.2
-1.4

.1
66.7
66.6
3.4
3.2

.4
68.5
68.2
3.8
3.4

-2.1
63,0
65.1
4.0
6,1

•4.6
70.7
75.3
3.8
8.4

-5.2
70.0
75.2
3.8
9.0

-3.4
75.0
78.4
4.0
7.5

6
7
8
9
10

.9
H.b
1.2
.6
-.3

3.4
10 . 3
-1.0
.3
1.1

.7
S.8
.8
.2
-1.7

13.b
22.2
1.3
.2
.b

2.5
6.0
2.2
1 .8
-4.7

2.8
10.8
.9
-1.2
-1.3

12.4
23.6
2.6
.6
2.7

23.5
33.7
1.8
-1.1
1.8

16.0
20.8
«
2.6
-1.0

5.1
18.5
2.2
-.7
.4

13.3
14.5
«
4.6
1.3

13.0
15.7
•
1.0
•

NET F I N A N C I A L INVESTMENT
NET ACQ U I S . OF FINAN. ASSET
GOLD ♦ SDR'S
U.S. DEM. DEP. ♦ CURRENCY
TIME DEPOSITS

6
7
8
9
10

11
12
13
14
15

2.1
.3
-.5
.2
.6

l.b
-.3
-1 ,tf
.b
1.0

.7
10.3
9.1
.7
.S

.9
26.4
26.3
.3
-.2

2.0
20.9
17.6
.4
2.9

.3
25.3
25.0
.7
-.4

«
28.1
26.6
-.3
1.8

.9
32.1
30.0
.6
1.5

2.2
20.2
23.6
.1
-3.5

2.8
14.3
11.0
.3
3.0

.7
-3.4
-.2
.1
-3.4

1.8
9.4
10.2
.1
-1.0

U.S.CORPORATE SHARES
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
U.S. CORPORATE BONDS(l)
ACCEPTANCES

11
12
13
14
15

16
17

.3
.9

-.2
.8

-.1
1.3

«
»

.2
1.7

.6
-.4

-.4
-.3

-.3
-.2

-.1
.9

.1
.2

-.1
1.6

.1
.3

16
17

18
19
20

2.3
.3
.7

7.9
.b
-.7

-6.9
1.0
.3

-4.1
-.2
-2.9

-15.8
.6
-3.1

-10.3
.4
-3.4

-b.6
-.1
-4.1

5.0
-1.6
-4.8

-5.4
.5
.9

1.6
-1.4
-.9

1.4
1.4
7.0

4.0
.4
-1.2

SECURITY CREOIT
TRADE CREDIT
S A N K L I A B I L I T I E S TO
FOREIGN AFFILIATES
D I R E C T I N V E S T M E N T IN U . S .
UNALLOCATED

21
22

7.6
2.1

6.9
.3

S.l
-2.5

8.6
-1.7

3.5
-1.9

8.1
-2.5

11.2
-.7

10.2
-3.7

4.8
•

13.4
-.3

1.2
.2

2.7
-.5

23
24
25
26
27

.2
2.9
1.1
-.2
2.1

.b
2.9
1.0
-.6
2.4

.1
3.0
.9
«
?.l

«
b.6
.9
2.7
2.1

.3
4.7
1.0
-.7
4.4

.3
3.9
1.1
-.4
3.2

.4
6.3
1 .1
2.7
2.5

•
8.0
1.0
5.9
1 .1

-.6
4.2
.3
2.3
1.6

-.2
4.4
1.8
.6
2.1

-.3
1.9
1.7
2.8
-2.6

-.3
1.3
-.3
2.3
-.8

FGN. CORPORATE SHARES
CREDIT MKT. INSTRUMENTS
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS

23
24
25
26
27

28
29
30
31
32
33

.2
.4
.1
.5
1.1
.2

-.2
.8
.2
- .5
2.2
.7

•
2.1
.2
-.2
3.6
-1.1

•
-.4
.3
.4
3.4
1.0

.3
3.1
.3
-.8
3.3
-5.8

.1
-3.9
.1
1.1
4.1
4.8

-.1
.7
.2
-.2
4.4
•

.1
.1
.4
.8
4.3
.2

«
1.6
.2
-.2
.7
-1.2

.3
.5
.1
.9
4.0
3.6

-.2
-.5
.3
.5
-2.7
2.1

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

S ECURITY DEBT
TRADE DEBT
U S G E Q U I T Y IN I B RD* E TC.
F G N . C U R R . H E L D IN U . S .
U . S . D I R E C T I N V . A B R O A D (1)

28
29
30
31
32
33

34

-.5

-2.4

-1.0

-10.8

-1.9

-4.1

-9.1

-20.1

-9.9

3.3

-4.3

-5.5

MARKETS

TO

1
2
3
4
5 .

(1.) N E T
1 1 1/7 2

IS B A S E D

ON P R E L I M I N A R Y




A ND

INCOMPLETE

INFORMATION.

OF

U.S.

ISSUES

IN F G N .

NET U.S.EXPORTS
U.S.EXPORTS
U.S.IMPORTS
T R A N S F E R R E C E I P T S FRO M U.S.
C U R R E N T A C C O U N T B A L A N C E <4-1)
(U.S. B A L A N C E * S I O N REVERSED)

1
2
3
4
5

18
19
20

F I N A N . S O U R C E S O F F U N O S t N E T 21
O F F I C I A L U.S. F6N. E X C H A N 22

u nallo c a t e d

34

DISCREPANCY

FINANCE

U.S.

INVESTMENT

ABROAD.

7 N O V E M B E R 19 72
M O N E T A R Y AN D I N S U R A N C E R E S E R V E S
14

M O N E T A R Y ANO I N S U R A N C E R E S E R V E S

GOLD*

SEASONALLY

ADJUSTED

ANNUAL

1968

YEAR
1969

TOTALS
1970

OFFICIAL

FOREIGN

EXCHANGE* TREASURY CURRENCY.
( B I L L I O N S OF D O L L A R S )

RATES

AND

INSURANCE

SEASONALLY

1971
GOLD

I
I
AND

1970
IV

I
I

1971
I

OFFICIAL

II

FOREIGN

III

EXCHANGE

|
I

IV

HOLHINGS

ADJUSTED

1972
II

I

RESERVFS

ANNUAL

-1.2
.4
-1.6

1.0
1.0
"

-.a
-1.2
.4

-1.3
-.7
—. 6

-2.2
-.7
-1.6

-.9
-1.0
•

-2.6
-1.0
-1.6

-1.8
-1.0
-.8

4

-.7

.1

.3

-.1

.4

-.1

«

-.2

RATES

H I

(1)

I.
1
2
3

14‘

«
#

-2.2
-2.2

•
•

-. 1

.3

*

-

II .

GOLD

♦ SPECIAL

DRAWING

RIGHTS

« U.S. GOLD STOCK AND SDR'S
•
U.S. G O V T . ( E X . STAB. FUND)
MONETARY AUTHORITIES
(2)
-

1
2
3

.4

4

MEMO— TOTAL

u. iS. F O R E I G N

WORLD

GOLD

EXCHANGE

STOCK

POSITION

5

2. 1

.3

-2.5

-1.7

-1.9

-2.5

-.7

-3.7

*

-.3

.2

-.5

6
7
8

1.2
.7
.5

-.7
-.7
-.1

-2.2
-.4
-1.7

-.4
-.1
-.2

-1.9
-.2
-1.7

-1 • b
-.6
-.9

.3
«
.3

-.3
»
-.3

«
»
«

-.3
-.3
-

1.0
1. 0
*

-.5
-1.0
.4

O F F I C I A L FGN. CURR E N C Y
TREASURY
FEDERAL RESERVE

9
10
LI
12

.9
-.2
-1.1
»

1.0
•
-1.0

-.4
-.4
»

-1
-1.4
»

«
»

-1 . 0
-.9
.1

-1.0
-1.1
-.1

-3.4
-3.4
-

«
*

*
«

-.7
-.7
-

.1
.1
•

NE T IMF P O S I T I O N
CAPITAL SUBSCRIPTION
LESS-IMF NOTES
IMF d e p o s i t s AT

.1

-

-

III.
13
14
15

.4
.2
.2

.6
.7
-.1

.3
.1
.2

.5
.5

.4
.5
-.1

.3
.3
«

INSURANCE

AND

.6
.6
.

PENSION

.5
.3
.1

FUND

treasury

TOTAL

U.S.POSITION

CURRENCY

AND

SDR

5
HLDGS

f

.

r

6
7
8

9
10
11
. 12

CERTIFICATES

.b
.5
*

.7
1.1
-.4

.6
.7
-.1

.4 T O T A L U . S . G O V T . L I A B I L I T Y
.5 M O N E T A R Y A U T H O R I T I E S A S S E T
-.1 U N A L L O C A T E D A S S E T

13
14
15

RESERVES

LIFE

INSURANCE

RESERVES—

1
2
3

4.5
*
4.6

4.9
.1
4.8

5.2
• 1
5.1

6.6
.1
6.6

5.6
.1
5.5

6.1
.1
6.1

6.6
.1
6.6

6.9
.1
6.8

6.9
.1
6.8

7.2
.1
7.2

7.3
.1
7.2

7.6
.1
7.5

N E T C H A N G E IN L I A B I L I T I E S
U.S. G O V E R N M E N T
LIFE INSURANCE COMPANIES

1
2
3

4

4.5

4.9

S.?

6.6

5.6

6.1

6.6

6.9

6.9

7.2

7.3

7.6

NET

4

5
6
7
8
9
10

15.4
1.3
14.0
2.9
6.4
4.7

15.8
l.b
14.3
2.9
6.3
5.0

19.5
? •4
17 . 2
3.3
7. 1
6.8

20.2
2.8
17.4
3 .3
7.3
6.8

20.8
2.9
17.9
3.3
8.8
5.8

21.7
2.4
19.3
3.3
8.2
7.8

21.5
3.4
18.2
3.3
7.5
7.4

16.8
2.4
14,4
3.3
5.1
6.0

21.0
3.2
17.8
3.3
8.2
6.2

11.0
1.3
9.6
3.3
3.2
3.1

26.3
4.3
21.9
3.3
7.4
11.2

19.1
2.6
16.5
3.3
5.4
7.8

N E T C H A N G E IN L I A B I L I T I E S
U.S. G O V ERNMENT
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNOS
S.* L. G O V T . R T R . F U N O S

5
6
7
8
9
10

11

15.4

lb.8

19.b

2U.2

20.8

21.7

21.5

16.8

21.0

11.0

26.3

19.1

NET

11

TOTAL

I N C R E A S E IN A S S E T S
(HOUSEHOLDS)

PENSION

INTERBANK

1

4.4

2
3
4

.9
.9
»

it
•
ft

1.0
.8
.2

5
6
7
8
9
10

3.5
2.7
.6
1.3
.7
.1

2.7
1.2
.3
.1
.6
.2

11

-

12
13
14
15

.7
.7
»

11.9

14.0

3.6

-9.5

-18.5

37.2

-2.4

-.2
.1
-.3

1.6
2.3
-.7

-2.6
-1.5
-1.2

1.4
.4
1. 0

«
2.2
-2.2

.3
-.8
1.2

-.1
1.1
-1.3

1.1
.8
.2

.7
1.2
-.5

4.3
2.8
2.1
-.3
.9
.1

5.2
4.7
3.6
.5
.2
.4

-1.9
-1.9
-.6
-.4
-1.4
.5

14.5
9.3
7.8
-.8
2.3
-.1

12.6
6.2
-2.0
1.2
6.9
.2

3.6
2.6
.5
.6
-.1
1.6

-9.8
.8
8.2
1.0
-8.3
-.1

-18.4
-12.1
*
-1.9
-10.8
.6

36.2
19.0
2.6
.7
15.9
-.2

-3.1
-1.0
-2.7
1.2
-.4
.8

.6

.1

.3

.2

1.8

-.2

*

-.4

*

-.5

-.6

.9
.8
.1

1.3
1.2
.1
«

.1
«
»
*

-.3
-.5
.2
«

3.3
2.5
.1
.7

6.5
6.4
.1
«

1.0
.8
.1

-10.3
-9.6
-.7

-6.3
-11.6
5.3

17.7
12.7
5.0

-1.6
2.8
-4.4

b .3

b.O

RESERVES—

I N C R E A S E IN A S S E T S
(HOUSEHOLDS)

CLAIMS

-.2

2.7

FUND

ASSETS

MONETARY AUTHORITIES
FEDERAL RESERVE FLOAT
L O A N S TO M E M B E R B A N K S

1
2
3
4

COMMERCIAL BANKING— TOTAL
COMMERCIAL BANKS
MEMBER BANK RESERVES
VAULT CASH
D E P O S I T S AT F G N . B K . A G .
L O A N S TO F G N . B K . A G .
BANK AFFILIATES— LOANS
TO A F F I L I A T E B A N K S

5
6
7
8
9
10

FGN. BANKING AGENCIES
D E M . D E P O S I T S AT B A N K S
T I M E D E P O S I T S AT B A N K S
L O A N S TO B A N K S
B A N K S IN U . S . P O S S E S S I O N S —
D E P O S I T S AT B A N K S

12
13
14
15

11

16

•

*

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

17

4.4

2.7

5.3

5.0

-.2

11.9

14.0

3.6

-9.5

-18.5

37.2

-2.4

18
19

.6
1.3

.3
.1

2.1
-.3

3.6
.5

-.6
-.4

7.8
-.8

-2.0
1.2

.5
.6

8.2
1.0

«
-1.9

2.6
.7

-2.7
1.2

MONET.AUTH.— MEM.BK.RES.
— VAULT CASH

18
19

20
21
22
23
24
25
26
27

2.5
1.7
.9
•
.7
•

2.3
1.5
•
.6
.1
.8
*

3.5
2.5
1.0
.1
*
1.2
.1
.1

.9
.3
-.2
.3
•
•
•
.1

.7
1.7
1.6
.2
•
-.5
.2
.1

4.8
2.6
-2.6
1.8
.7
2.5
.1
.1

14.8
7.8
1.4
-.2

2.5
1.0
•
»

6.4
.1
.1

.1
.8
.1

-18.7
-10.3
.3
-.4
-.7
-9.6
.1

-16.6
-6.4
-.1
•
5.3
-11.6
.1

34.0
18.3
1.1
-.5
5.0
12.7
.1

-1.0
-1.4
.7
-.6
-4.4
2.8
.1

COMME R C I A L B A N K I N G — TOTAL
COMMERCIAL BANKS
TO M O N E T A R Y AUTH.
LOANS FROM AFFILIATES
LOANS FROM FGN.BK.AG.
DEM.DEP. OF F G N . BK.AG.
TIME DEP.OF FGN.BK.AG.
DE P . OF B K S . I N US P O S S .

20
21
22
23
24
25
26
27

28
29

.1
.7

.2
.6

.1
.9

.4
.2

.5
-1.4

-.1
2.3

.2
6.9

1.6
-.1

-.1
-8.3

.6
-10.8

-.2
15.9

.8
-.4

1 1 1/72

IS B A S E D

ON P R E L I M I N A R Y




AND

INCOMPLETE

TOTAL

LIABILITIES

FORFIGN BANKING AGENCIES—
LOANS FROM BANKS
D E P O S I T S OF B A N K S

16
17

28
29

INFORMATION.

(1)

(2)

Line I excludes initial allocation of SDR's of $867 million in January 1970,
$717 million in January 1971, and $710 million in January 1972. Transactions
in SDR's are in line 2. Also excluded from the table are revaluations of
foreign currency holdings, gold, SDR's, and IMF position.
Treasury gold stock.

7 N O V E M B E R 19 7 2
M ONEY ANO DEPOSITS SUMMARY
13

MONEY

’

ANO

DEPOSITS

SUMMARY

M O N E Y S U P P L Y A N O T IM E A N D S A V I N G S A C C O U N T S
( B I L L I O N S OF D OL L A R S)

SEASONALLY

ADJUSTED

ANNUAL

1968

YEAR
1969

TOTALS
1970

RATES

°

SEASONALLY

1971

I
I

DEMAND

1970
IV

I
I

1971
I

OEPOSITS

II

II I

IV

I
I

ADJUSTED

1972
II

III

2?.*
23.1
12.3
5.0
5.8
-1 .8
1.8
-.7

10 . A
6.2
-2.2
3.5
.4
2.2
2.2
4.6

19.3
18.3
7.7
3.5
3. 1
1.1
3.0
1.0

I

ANNUAL

RATES

AND CURRENCY

16.2
15.6
12.6
1.3
.6
1.0
.2
•6

8.0
7.7
3.5
1.6
2.1
.2
.4
.3

9.3
9.1
6.1
.4
-.1
1.4
1.1
.2

15.3
15.1
8.5
4.6
.5
.7
.8
.2

15.1
13.2
5.2
1.0
2.9
2.5
1.6
1.8

20.0
21.3
15.0
4.3
-.9
2.1
.b
-1.2

16.9
16.2
8.5
8.4
-.2
-.3
-.1
.6

3.2
4.3
-1.5
1.7
.9
1.6
1.7
-1.1

9
10

-1.2
14.9

.6
8.6

2.5
11 .8

3.1
18.4

4.4
19.5

-15.2
4.9

12.6
29.4

3.3
6.5

11.8
32.7

-10.7
11.7

.7
11.5

-4.1
15.2

U.S. GOVT D E POSITS
N E T I N C R . IN A S S E T S

9
10

11
12
13
14
15

14.9
1.5
-1.0
.1
2.4

8.6
3.3
.5
-.1
2.8

11.8
3.1
-.4
•
3.5

IB.4
4.4
.9
.1
3.4

19.5
3.3
-.2
-.1
3.5

4.9
5.0
-.4
.2
5.2

29.4
4.8
1 .1
-.1
3.8

6.5
5.5
2.9
*
2.6

32.7
2.3
»
.4
2.0

11.7
3.8
-2.5
-.8
7.2

11.5
3.7
.4
.1
3.1

15.2
-2.3
-4.4
-.2
2.3

N F T I N C R . IN B A N K I N G S Y S . L I A B
MONETARY AUTHORITIES
U . S. G O V T . C A S H ♦ D E P .
FOREIGN DEPOSITS
CURRENCY

11
1?
13
14
15

16
17
18
19

13.4
-.2
.5
13.2

5.3
»
.4
4.9

R.7
2.9
.2
5.6

14.0
2.2
.1
11.7

16.2
4.6
1.9
9.7

-.2
-14.8
-1.5
16.1

24.7
11.5
.7
12.5

1.0
.4
-1.1
1.7

30.4
11.9
2.2
16.3

7.8
-8.2
.1
15.9

7.9
.3
4.4
3.1

17.6
.3
1.2
16.0

TIME

1

-1.4

33.4

54.9

82.2

OEPOSITS

AND

70.3

SAVINGS

112.9

20.9
18.2
11.0
4.2
2.2
-.5
1.3
2 . ft

MONEY SUPPLY
DOMESTIC SECTORS

1
2
3
4
5
6
7
8

75.2

67.8

72.7

95.3

87.8

91.4

39.3
3.7
35.4
.2

37.7
-6.2
43.5
.4

46.3
10.5
35.4
.5

46.4
21.5
25.0
-.1

31.5
2.8
10.7
1.3
•
.1

38.6
4.0
3.3
•
.5
-

2
3
4
5

20.7
3.1
17.4
.2

-9.3
-12.5
3.0
.2

38.0
15.2
2?.4
.4

41.4
7.9
33.2
.3

44.1
13.4
30.5
.2

60.9
5.8
54.9
.2

32.8
4.0
28.7
.2

6
7
8
9
10
11

17.4
.4
3.2
-.3
.1
•

-1.9
-2.4
-5.9
1.1
-.2
-.1

27.6
1.7
10.0
-1.7
.2
.2

32.7
.6
7.2
.5
.1
.2

34.8
3.2
10.4
-4.7
.1
.3

49.5
2.2
10.0
-1.3
.4
.2

23.1
4.8
1.8
2.7
.1
.2

21.9
2.5
6.0
1.8
.1
.1

36.3
-6.9
10.8
-1.0
«
.1

35.3
1.8
.3
.4
-.1
.1

12
13
14
15
16
17

12.7
1.1
4.2
7.4
7.7
-.3

7.9
1.4
2.6
3.9
4.0
•

26.2
2.0
6.8
17.3
16.6
.8

52.0
3.0
12.5
36.5
36.0
.6

42.4
3.0
11.0
28.4
28.0
.4

35.4
3.0
7.4
25.0
24.9
.1

33.5
2.6
8.5
22.4
23.1
-.8

57.6
3.9
12.2
41.5
40.7
.7

41.5
3.2
9-. 1
29.2
29.4
-.1

45.1
2.9
9.0
33.1
33.2
-.1

18

30.4

6.1

60.2

100.9

65.1

57.3

70.6

92.1

73.1

83.8

111/72

IS B A S E D

ON

40.8
2.9
9.9
28.1
28.0
•

44.5

73.5

PRELIMINARY

AND

INCOMPLETE

NONFINANCIAL BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
MAIL FLOAT
REST OF THE WOR L D

COMMERCIAL BANKING
U . S. G O V T . D E P .
F O R E I G N DEP.
PRIVATE DOMESTIC

NET

INCREASE

- TOTAL

COMMERCIAL BANKING LIABILI7Y
LARGE NEG. C.D.*S
O T H E R AT C O M M E R C I A L B A N K S
AT F O R E I G N B A N K I N G A G E N C I E S
A C Q U I R E D BYl
HOUSEHOLD
CORPORATE BUSINESS
STATE I LOCAL GOVTS.
foreign

U.S. GOVT.
MUTUAL SAVINGS

BANKS

AT S A V I N G S I N S T I T U T I O N S
CREDIT UNIONS
MUTUAL SVGS. BANKS
SAVINGS ♦ LOAN ASSNS.
H E L D BYt H O U S E H O L D S
CREDI7 UNIONS
MEMO - HOUSEHOLDS TOTAL
TIME ♦ SVGS, ACCOUNTS

INFORMATION.

Money Supply Relationship
(Page 16)
Part
I

Line
1
2
3
4
5
6
7
I
5

6
7
8
9
10
4
5-9




Line 1 of page 15.
Daily averages in this table
month of this quarter.
1 - 2.
5 + 6 + 7.
See Part II , line 5.
Part II, line 6 + Part I I I ,
Part II, line 7 + Part I I I ,
unadjusted flow.

1
2
3
4
5
6
7
8

16
17
18
19

ACCOUNTS

32.4
18.2
13.8
.5

17.0
1.7
4.4
10.9
10.9
«

households

"Seasonal" here means dollar excess of seasonally adjusted flow over

Lines 14 + 18 + 19 of page 15 at quarterly rates.
Differences between money-supply concept of demand deposits derived from last preceding all-bank total
(either last Wednesday of quarter or Call Report) and figure for that one day, e.g., March 29, 1972,
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.
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 through II in Part II.

1
2
3
4
5
6
7
e
9
10
11
12
13
14
15
16
17
IB

7 N OVEMBER 1972
MONEY SUPPLY HELAfIONSHIP

MONEY SUPPLY RELATIONSHIP
RELATION

SEASONALLY

AOJUSTEO

ANNUAL

1968

YfcAW
1969

TOTALS
1970

3 4
5
6
7

TO

DAILY

AVERAGE

SERIES

16

SEASONALLY

RATfcS

1^71

1
|

1970
IV

|
|
I.

1

OF F / F m o n e y S U P P L Y D A T A
( B I L L I O N S OF D O L L A R S )

1971
I
TOTAL

II
MONEY

IV

III

1
|

I

1972
II

II I

SUPPLY

8.0
6.3
1 .8

9.3
11.1
-1.9

15.2
13.4
1 .8

15.1
8.0
7.1

20.0
19.6
.5

16.9
23.4
-6 .6

3.2
8.4
-5.2

20.9
2.4
18.5

22.4
21.2
1.2

10.8
13.4
-2.6

19.3
20.2
-.9

NET C H A N G E S AT S A A R —
F/F DEMAND OEPOSITS ♦ CURR.
D A I L Y A V E R A G E (OAMS)
TOTAL DIFFERENCE

1
2
3

1.*
-. 1
1 .5
.4

1. b
-.1
1.7
.2

-1.9
•4
-4.1

1.8
.7
2.3
-1.2

1.8
.6
3.4
-2.2

.1
-.8
-2.3
3.3

-1.6
.8
1.0
-3.4

-1.3
-.2
-3.2
2.1

4.6
.9
6.8
-3.0

.3
.3
-3.9
3.9

-.7
.5
2.1
-3.3

-.2
-.1
-2.8
2.7

TOT A L DIF F . AT Q U A R T E R L Y RAT E
ARISING F R O M — DATA DIFF.
TIMING
SEASONALS

4
5
6
7

NET CHANGE* S.A, QTRLY RA T E —
F / F ( SEE P A R T IV. B E L O W )
DAMS

1
2

1
2

13.7
11.3

4
5
6
7
8
9
10
11
12

1 .3

5.2
3 .7

‘
J.H
8.1

2.4

1.5

2.1
-.1
2.1

1.4
-.1
1.5

.3
.4
“
*

.1
.1
«

1.7
1.8
»

2.9
1.3

3.7
3.9

3.3
4.7

.2
1 .2

4.7
«

3.8
4.1

1.9
2.4

4.3
4.2

-2.3

1 .9

1 .6

-.2

-1.5

-1.1

4.7

-.3

-.4

*

-4.1

3.2
.7
2.5

3.2
.6
2.7

-2.6
-.8
-1.8

1.6
.8
.8

-3.0
-.2
-2.8

7.1
.9
6.3

-4.5
.3
-4.8

2.6
.5
2.1

-2.2
-.1
-2.1

-1 .2
-1.2
-.1
“

-1.6
1.9
-4.5
-.1
1.0

2.4
-2.1
5.9
.1
-1.5

-3.1
-.3
-1.5
-1.4
«

1.9
.5
.2
1.0
.3

-2.4
.7
-4.6
.3
1.1

4.1
-.8
6.1
-.6
-.5

-3.0
-.7
-1.6
-.8
“

.9
1. 1
-.2

.6
.9
-.2

.5
.6
-.1

1.8
1.2
.6

-

1
2
3

2.4
3.0
-.6

2.9
2.6
.3

3.b
3.0
.5

3.4
3.5
-.1

4

-.7

.2

.5

5
6
7
8
9

.1
.1
«

»
*

4>
«

-

-

-

»

-

DEPOSITS

1 1 .9
9.9

.4
-0.5

-

demand

III.

«

“

-.2

.8

-.5

.2

-.4

.6

.1
.1
*

-.6
.1
.3
«
1.0

.8
-.1
-.5
•
-1.5

-.3
»
-.2
-.1
*

.2
.1
.4
*
.3

-.6
.2
.3
*
1. 1

DERIVATION

2.2 D I F F E R E N C E IN S E A S O N A L S
.6
F L O W S VS. L E V E L S
.2
O N E - D A Y VS. D A I L Y AVG.
1.3
SEASONAL BALANCE ADJUSTMENT
PLUS * DAY-OF-WEEK ALLOW.
.1

NET

1.3
1.0
.3

-

OF

F/F

BANK

• ft
1.0
-.2

.6
.8
-.2

3.4

247.9
26.3
31.2
7.9
4.3

_

_

_

165.0
.7
165.7
13.7

170.2
.7
171.u
5.3

.9

.1

-.7

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

-.3
•
-.2
•
-

.5
.1
.4
.1
.1

CHANGE*

234.0
27.0
31.3
4.5
2.6

246.6
27.6
32.6
8.4
2.5

TIMING

4

240.6
22.4
27.5
8.7
2.7

256.9
24.2
34.3
9.1
3.3

DEMAND

_

_

_

168.4
.9
169.3
-7.4

174.8
1.0
175.7
6.4

2.6
172.9
1.4
174.3
-1.4

187.4
1.2
188.6
14.3

.9
179.7
1.1
180.8
-7.7

184.3
1. 1
185.4
4.6

3.2
187.4
.4
187.8
2.4

«
*

-.1
-.1

-9.9
-.1
1.0
2.9

11.1
.1
-1.5
3.6

-3.1
-1.4
«
3.3

1.5
1.0
.3
.2

-9.6
.3
1 .1
4.6

11.7
-.6
-.5
4.0

-2.7
-.8
1.9

1.9
1.3
.1
4.3

SEASONAL
* S E A S O N A L B A L A N C E ADJ.
♦ DAY-OF-WEEK ALLOWANCE
= NET C H A N G E SEAS. ADJ.

11
12
13
14

2 F O R E I G N D E P O S I T S AT F . R . B i
TOTAL DEMAND DEPOSIT LIA B . •
S.A, Q U A R T E R L Y RATE
( A S I N P A R T II A B O V E . L I N E 1)

15

_

_

♦ T I MING ADJ. TO QUARTER END
s c o m m e r c i a l -bank liability
D E P O S I T S AT F G N . B A N K I N G AG.
s TOTAL BANKING LIABILITY
NET CHANGE

6
7
8
9
10

5.3

5.8

-.1

«

.1

*

.1

*

»

.1

-.2

*

-.1

16

13.7

5.2

5.P

1 1 .9

2.9

3.7

3.3

.2

4.7

3.8

1.9

4.3

17
18
19
20
21
22
23

204.4
.7

194.5
.4

231 , . 1
1 ,,4

275.2
2.4

249.5
1.4

264.9
2.0
262.9
1.6
264.5
8.3

275.2
2.4

248.1
1. 5
249.5
16.4

256.4
1.6
«
254.8
1.5
256.3
6.7

272.8
1.7
274.5
9.9

285.6
2.4
.1
283.3
1.8
285.0
10.6

295.6
2.5
293.2
1.9
295.0
10.0

-

1 1.7

2.

36.1
1.9
34.2

111 / 72

16

DEPOSITS

3 0 6 . 4 T O T A L IN H . 0 O R C A L L
2.5 - DUE U.S. COML. BANKS
1. 1 ♦ T I M I N G T O Q U A R T E R E N D
305.0 * TOTAL DUE NONBANKS. Q-END
1 . 9 ♦ TIME D E P . A T F G N . B A N K I N G A G .
306.9 = TOTAL BANKING SECTOR LIABILI
NET CHANGE
11 .8

23] ,,7
1 .,4
2 31,. 1
3«,. o

272.8
1.1
274. b
4 1.4

*
*
38,. 0

*
*
41.4

-.1
.3
1 1.0

-1.2
-.9
15.2

1.5
.1
8.2

-.2
.5
8.1

-.1
.4
9.8

-1.1
-1.0
9.4

1.6
.1
11.6

-.3 ♦ SEASONAL
.5 ♦ S E A S O N A L B A L A N C E A D J .
11.6 a TIME D E P OSITS. SAQR

24
25
26

3^>,, 7
6 ,,5
3 3,.2

38.6

39.7
6.5
33.2

39.5

32.1

42.4
9.8
32.6

35.3
8.0
27.3

38.6
6.6
32.1

30.4
2.9
27.5

39.1
4.8
34.3

31.3
4.0
27.4

27
28
29

-

27
28
29

TIME

1
2
3
4
5

233. 1
1.4
«
231.7
1 .4
233. 1
11.1

-

-9.4

DATA—

175.9
.9
1 76.8
12.8

.1

*
20.7

DEPOSITS

CALL

187.4
1 .2
188.6
1 1 .8

13.6

«

6
7
8
9

GROSS DEMAND DEPOSITS
- DUE TO U.S. COMML. BANKS
- C A S H I T E M S (1)
- TREASURY DEPOSITS
- F. R. F L O A T

15

#

5

249.0
22.3
27.4
9.4
3.7

-

24
25
26

DIFFERENCE

D I F F . IN S E A S O N A L S
F L O W S VS. L E V E L S
O N E - D A Y VS. D A I L Y AVG.
S E A S O N A L B A LANCE ADJ.
LESS— D A Y -OF-WEEK ALLOW.

175.9
.9
1 76.8
5.8

262.7
28.0
32.1
10.2
4.3

-

1*4. 1
1. 0
145.1
-9.3

RATE—

4.3

233.2
23.2
27.3
8.9
2.5

-

20 3 . 7
.8
204.5
20. 7

QTRLY

DEPOSITS

11
12
13
14

-

S.A.

247.9
26.3
33.2
7.9
4.3

»
«

«
»

262.7
28.0
32.1
10.2

8
9
10
11
12

1
2
3

1.

241.1
23.4
38.2
5.1

5
6
7

DAMS
DIFFERENCE

H *8 O R
229.7
21.4
34.2
5.0
3.5

4

d i f ference

D I F F E R E N C E IN U N A D J U S T E D
DATA DIFFERENCE
TIMING

CURRENCY

.9
.7
.2

IV.

6
7
8
9
10

ANNUAL RATES

1ft.2
14.3
1.8

II .

1
2
3
4
5

ADJUSTED

*

40.5
2.4
38.2

IS rtAShU ON P W F L T ^ I nIAw Y




6.6

anij

INCOMPLfcTE

-

8.2
31.3

INFORMATION.

-

(1)

REPORTED CASH ITEMS
- INTERBANK ITEMS
= AS D E D U C T E D ABOVE

17
16
19
20
21
22
23

7

NOVEMBER

U.S.

GOVT.

197*!

sec u « , m s

u>s. 8 ( m >

17

SECURITIK

( iOVEWNME NT S E C U R I T I E S M A R K E T
( M I L L I O N S OF DO L L A R S )

U.S.

SUMMARY

17

.................................................. ...............................
1968

Y M «
1S69

TOTALS
1M7.)

1 J? 1

1
2
3
4

16.7
10.3
.4
9.9

b .0
-1 . 3
- .4
-.•9

21 . 0
12.9
.3
12.*

2 11 . 4
2f>.0
2 .4
2 i . (r-

5
6
7
8

6. 4
1.-5
1.7
3.2

f' . 0
- •4
-1.9
9 .i

H.7
.3
-.3
n. 7

-1.1
f.9

9
10
11
12
13
14

16.7
.1
-.1
-.1
3.8

b.">

-1.3
-.2
-.b
.3
4.2

2 1 .6
-.1
1.7
1 .9
-.2
s-.o

15
16
17

-.5 -1.7
1 .2

-1 .8
-2.2
.4

18

13.3

19
20
21
22

7. 7
.4
4.1
3.2

.3
-10.1
2.2

23
24
25
26

4 .S
.4
2.8
1.4

12.1
-.4
8.1
4.3

.3
—7 . 3
?. 6

27
28
29

.9
.1
. '..-8 •

-1.3
-1.8
-.b

-2.9
-3.0
.1

30
31
3?

2.2
1.2
1.0

b .2
3 .b
1.7

-.2
.3
-.b

33
34
35

3.5
2.2
1.3

-9.4

-9.2
-.3

9.4
s. h
4.6

6.0

36
37
38

2.1

-1.9

4.0

.4

-3.7
1.7

1.0
3.0

39
40
41

.7

1.2

.4
.4

.3
-1.0
1. 3

42

-.2

-.b

43

-.6

- .b

44

.4

.2
-.2

.1

.4

.4
«•
.4

45
46
47

.2

.1

.b

.1
.1

1 .1

.i
*

.3

.2

48
49
50

-.1
-.2
.2

-.3

51
52
53

-.2

-.b

.1

*

54
55
56

.4
.4

-.4

.1

.2

.3

-.3
-.b
.1

1.8

57
58
59

-.2

60
61

.2
.8

.5

I
I

1470
IV

|
|

1971

m

RATES
-

..

2.9
6.8
1.9
4.9

42.1
40.9
2.7
38.2

33.5
2S.6
2.4
23.1

39.0
30.6
2.6
28.0

13.0
4.3
3.2
1.1

25.2
14.8
3.4
11.4

13.9
7.7
3.1
4.6

8.4
.5
1.0
6.9

-3.9
.8
-3.6
-1.1

1.2
-.b
1.3

7.9
•
.4
7.6

8.3
1.5
-.7
7 .b

8.6
2.8
-.5
6.3

10.4
1.3
.2
8.8

6.3
2.1
1.0
3.2

OTHER
BUDGET AGENCY ISSUES
L O A N P A R T I C I P A T I O N S (1)
S P O N S O R E D AGENCY ISSUES(2)

5
6
7
8

24.9
-.5
2.9
2.8
.1
4.7

2.9
«
-.8
-2.8
2.0
13.8

42.1
«
-2.8
-.2
-2.6
3.0

33.5
-2.1
-2.2
.1
8.8

39.0
.
-.4
-.6
.2
9.0

13.0
b.6
5.7
-.1
4.4

25.2
-

13.9

-1
-1 .'D
-.1
* .6

-1.8
-1.7
-.1
5.9

-5.3
-5.1
-.1
-6.0

N E T A C Q U I S I T I O N S * BY S E C T O R
U . S . G O V E R N M E N T (AGENCY SEC.)
SPONSORED CREDIT AGENCIES
OIRECT MARKETABLE
FHLB SPECIAL ISSUE
FEDERAL RESERVE SYSTEM

9
10
11
12
13
14

9.1
7•K
1.3

2f>. 3
13.9
12.4

1 7.f»
1 7.2
.4

25.0
16.1
8.9

26.6
6.2
20.4

30.0
10.4
19.6

23.6
23.1
.b

11.0
9.5
1.5

-.2
-12.7
12.6

10.2
3.4
6.9

4.6

S.8

-4.0

.3

-35.0

15.2

-3.1

6.8

-8.0

21.2

15.0

16.U
- *4
9.8
(S.b

-7.6

-13.1
2.4
-1 0 . b
-s.O

-22.2
1.7
-21.7
-2.2

-51.0
1.9
-34.1
-18.8

1.6
2.7
1.8
-2.9

-2.0
2.4
-6.1
1.6

-1.2
2.6
-3.9
.2

-20.8
3.2
-19.3
-4.6

12.5
3.4
6.2
3.0

9.9
3.1
5.4
1.4

-22. b
2.4
-19.3
-s.8

-22.b
1.7
-20.8
-3.5

-57.1
1.9
-40.7
-18.4

-13.1
2.7
-11.3
-4.b

-13.1
2.4
-16.4
.9

-7.6
2.6
-9.0
-1.2

-22.7
3.2
-20,6
-5.3

5.4
3.4
-.2
2.2

-1.0
3.1
-4.0
-.1

2.7

-3.9
-3.7
-.2

-.8
-.4
-.4

4.9
4.7
.1

3.6
3.7
-.1

3.1
2.5
.5

-6,2
-6,6
,4

2.0
1.2
.8

2.0
2.0
.8

CORPORATE NONFIN. BUSINESS
DIRECT
AGENCY ISSUES

27
28
29

4.2
2.7
1.4

7.0
7.0
*

9.8
8.4

1.4

7.5
6.7
.8

3.4
2.6
.8

8,2
7,8
,3

5.1
5.2
*

8.1
7.4
.7

STATE ♦ LOCAL GOVTS.
DIRECT
AGENCY ISSUES

30
31
32

19.0
9.5
9.4

6.8
4.7
2.1

10.4
7.0
3.4

-3.5
-6.6
3.0

10.2
4.4
5.8

,4
-2,5
2,9

4.2
.2
3.9

2.1
-.4
2.4

COMMERCIAL

3.6

3.1
-1.1
4.2

3.5
1.5
2.1

9.1
-3.0
12.1

3.2
1.8
1 .4

2.4
-.6
3.0

-2.3
-2.6
.3

12,3
3,0
9,3

4.5
2.2
2.4

3.0
.3
2.7

PRIVATE

-.4

S.2
1.4

l.b

3.9

.8
-.5
1.2

14.2
1.7
12.5

4.0
2.5
1.5

2.5
1.5
1.0

.2
-.2
.4

9,3
1,3
8,0

2.0
.7
1.3

3.2
1.2
2.0

-.1
.1

-.1
*
«

.9
.3
.6

.7
-.4
1.2

-.2
.1
-.3

,2
-.4
,6

.4
-.2
.6

-.5
-.5
*

.4
.7

.5
.3
.2

1.1
.4
.7

1.0
.4
.6

1.1
.4
.7

1.4
.4
.9

1.3
,5
,8

1.2
.5
.7

1.3
.6
.7

.1
-.1
.1

-.2
-.2
.1

-.2
-.3
.2

-.6
-.6
•

-.1
-.1

-.1
-.4
.3

.1
«
.1

,5
,2
,3

-.3
-.1
-.1

-.1
-.1
-.1

.1
-.1

- .4

-.2

»
-.1

.1

-.2

•

-.4
-.1
-.3

-.4
-.2
-.2

-.6
-.5
-.2

-.1
-.1
«

- ,4
-.4
•

-.6
-.2
-.3

-.5
-.4
-.1

.2
-.1
.3

-. 3
-.3

-.5
-.5
-.1

-. 1
.4
-.6

-1.0
-.3
-.8

«
*
»

ft
»
.1

1.3
1.3
•

'•
.2
-.1

.3
-.3
.5

-.8
-.b
-.3

-.4
-.7
.3

-1.1
-1.0
-.2

-1.5
-1.3
-.3

.6
.5
.1

-1.3
-.4
-.9

-.5
-.2
-.3

-.3
-.6
.3

-.4
*
-.4

.2

-.3

-1 .6

.1
3.4

.2
-4.0

-1.0
1.4

-.7
-1.0

.4

1.7

-2.8

•
.7

•
1.9

-.3
*

-.3
*

-.2

-.5

«

-4.4

-.1
-.4

.3

29.4

2.6
.1
.9

^.2
.8

2.3

-.2

(1)
(2)

111/72 is based on preliminary and incomplete information.




I

ANNUAL

—

24.9
lb.5
1.7
14.8

.4

|

— —

II

.6

iv

ADJUSTED

T

3.4

H I

SEASONALLY

197?
H

TOTAL NET ISSUES
I N C L U D E O IN P U B L I C D E B T
HOUSEHOLD SAVINGS BONDS
DI R E C T EXC. SAVINGS BONDS

1
2
3
4

FOREIGN
SHORT-TERM MARKETABLE
OTHER
TOTAL

PRIVATE

15
16
17

DOMESTIC

IB

PVT. DOMESTIC NQNF1N.
SAVINGS BONDS - HOUSEHOLDS
DIRECT EXC. SVGS. BONDS
AGENCY ISSUES

19
20
21
22

HOUSEHOLDS
SAVINGS BONOS
DIRECT EXC. SVGS. BONDS
AGENCY ISSUES

BANKING
DIRECT
ISSUES

AGENCY

AGENCY

23
24
25
26

33
34
35

NONBANK FINANCE
DIRECT
ISSUES

36

37
38

S V G S . ♦ LOAN ASSNS.
DIRECT
AGENCY ISSUES
MUTUAL
AGENCY

39
40
41

SAVINGS BANKS
DIRECT
ISSUES

42
43
44

CREOIT

UNIONS
DIRECT
AGENCY ISSUES

45
46
47

LIFE

INSURANCE
DIRECT
AGENCY ISSUES

48
49
50

NONLIFE INSURANCE
DIRECT
AGENCY ISSUES

51
52
53

PRIVATE

PENSION FUNDS
DIRECT
AGENCY ISSUES

54
55
56

S.♦ L.GOVT.RTR.FUNDS
OIRECT
AGENCY ISSUES
INVESTMENT COS.
(DIRECT)
SEC.BRKRS.* DL«S.(
•• )

57
58
59
60
61

Where not shown separately, loan participations are included
with agency issues.
These issues are outside the budget and outside the U. S.
Government sector in flow-of-funds accounts. They are
included in credit market debt of financial institutions.
Sponsored-credit issues include GNMA-guaranteed securities
backed by mortgage pools.

7 NOVEM B E R 1972
PRIVATE SECURITIES
ig

AND MORTGAGES

PRIVATE

SECURITIES

ANO

m
MORTGAGES

.

PRIVATE S ECURITIES ANO M O R TGAGES
( B I L L I O N S OF D O L L A R S )
SEASONALLY ADJUSTED ANNUAL RATES
_________ __ ____________ ____ ____ ______________________________________ __________
YEAR TOTALS
________ ___________ 1 9 6 9 ^ ____ 1 9 7 0

1971

I
I

1970 I
IV
|
STATE

~

1971
I

n

AND LOCAL

18

I n

GOVERNMFNT

Iv

SEASONALLY

|
|

ADJUSTED

RATES

SECURITIES

1
2
3

10.1
,1
9,9

7.9
2 .b
b ,4

13.8
3.8
10,0

20.2
4.6
15.6

21.5
8.4
13.1

24.S
7.8
16.7

19.6
4.2
15.4

19.2
4.6
14.6

17.7
1
15.8

16.7
4.0
12.7

14.3
- 1.2
15.5

17.6
2.9
14.7

N E T C H A N G E IN L I A B I L I T I E S O F
STATE AND LOCAL G O V ERNMENTS
SHORT-TERM
OTHER

1
?
3

4
5
6
7

10.1
-.2
,5
*

7.9
7 .b
-■1 . 0
.1

. 13,8
2,0
- ,6
«

20.2
4.9
1 .0
-.2

21.5
1.6
1.0
.1

24.5
5.0
1.0
-.4

19.6
4.5
1.0
-.4

19.2
7.2
1.0
.2

17.7
3.0
1.0
-.2

16.7
4.2
1.0
-.1

14.3
7.0
1.0
-.5

17.6
7.4
1.0
-.2

N E T C H A N G E IN A S S E T S
HOUSEHOLDS
CORPORATE BUSINESS
S . ♦ L. G O V T . . G E N , F U N D S

4
5
6
7

8
9
10
11
12
13

8.6
•
.2
1.0
«
»

.2
*
•
1.2
-.1
-.2

10.7
«
.1
1.5
-.3
.6

12.7
.2
.2
1.5
-.2
.1

16.4
.1
l.b
-.4
1.2

17.2
.2
«

14.0
.3
.4
l.b
«
-1 . 6

7.6
.1
.3
1.5
-.6
1 .8

1 1.9
.2
.1
1.5
-.2
.3

10.5
.5
2.2
-.2
-1.3

4.6
.5
-.7
2.0
.1
.2

7.4
.7
.1
1.8
-.1
-.5

1.5
«
-.1

CORPORATE

ANO

FOREIGN

COMMERCIAL HANKING
MUTUAL SAVINGS BANKS
LIFE I N S URANCE COS.
OTHER INSURANCE COS.
S. * L. G O V T . * R T R . F U N D S
FINANCE N.E.C.

15.0
12.9
.8
.3
1.1

14.8
12.1
l.b
.1
1.0

23.7
20.3
2.5
*
.9

24 . 6
19.4
3.8
.5
.9

28.6
23.8
3.7
«
1.0

30. 7
24.1
4.5
1.0
1.1

23.9
20.1
2.3
.4
1.1

20.2
14.9
4.0
.3
1.0

23.7
18 . 5
4.3
.6
.3

22.2
11.2
5.9
3.4
1.8

19.2
13.0
4.2
.4
1.7

18.2
13.5
4.5
.4
-.3

NET ISSUES
CORPORATE BUSINESS
FINANCE companies
COMMERCIAL BANKS
RFS T OF THE WOR L D

6
7
a
9
10

15.0
4.8
.2
.3
1.3

14.H
5.7
1 .B
-.1
.3

23.7
12.4
-2.0
.8
1.3

24 .b
7.6
1.0
1.3
4.3

28.6
15.5
-1.5
1.2
2.1

30.7
11.2
-.6
1.5
7.7

23.9
7. 0
3.0
1.5
6.0

20.2
9.0
1.1
1.1
1.0

23.7
3.1
.3
1.1
2.5

22.2
4.1
.3
1.9
5.3

19.2
2.9
.9
1 .9
3.4

18.2
•
1.3
1.2
3.4

NET

11
12
13
14
15

8.2
3.9
.6
2.5
1.2

6.1
1.5
.b
3. 1
.B

9.7
1.5
2.1
3.9
2.3

9.6
b.l
-.7
4.4
.7

9.4
1.9
2.8
2.7
1 .9

8.7
3.6
-2.2
6.1
1.2

9.6
3.9
-.4
5.4
.6

7.0
5.6
-1.9
2.6
.4

13.2
7.4
1 .9
3.3
.6

10.5
9.1
-2 .8
3.2
1.0

12.3
5.1
-.6
6.8
1.1

11.9
7.2
-.8
4.2
1 .4

1

.1

4.0
4.7
-.7
-.8
-.1
.2

10.3
5.3
4.7
4.3
*
.b

9.5
2.6
6.9
6.8
«
.1

14.8
1.3
13.5
li.4
»
*

10.6
.7
9.9
9.6
«
.3

7.2
-2 .0
9.2
9.0
«
.3

18.9
2.7
16.2
15.7
.1
.4

18.9
2.0
16.9
17.0
•

7
8
9
10
11
12
13
14
15

4.0
-7.6
.3
.1
8.1
1.4
4.7
,8
1.3

10.3
-4.1
.2
•
9.9
1.7
5.4
1.0
1.8

9.5
-2.6
.3
.1
9.7
?.o
4.6
1.0
2.1

14.8
-5.2
.5
*
18.2
3.6
8.9
2.5
3.2

10.6
-5.8
.4
.1
13.3
2.9
6.2
1.3
2.9

7.2
■15.0
.4
.1
17.9
4.5
9.6
1.1
2.8

18.9
-.7
,4
.1
21.1
3.4
11.6
3.0
3.1

16
17
18
19

1.0
1.5
-.5
2.1

2.7
2.5
.2
1.6

1.3
1.1
.2
.7

.b
.4
»
.9

.6
1.6
- 1.0
2.0

3.5
2.0
1.5
.3

-2.0
.6
-2.5
«

1

27.*

27.0

2

.2

*

3

i

-

26.4
ft

-*

??:T

m

1 t! ‘i*

ff:i

s -8

12

2 l:t

2 Iio

? 2 #2

13

:i
1.1

•*
.7
4 .5

2.2

?

31.7

n

'*

'I? fl

^6.7

21

*

2 i
.3

*•:

3 }*7
u i

3 p ‘!
*•:

c

*

#3
4 t
*

*
.

a

*
v

\

1

24

*

I'.l
.1

^ 3
1

25
26

.4
*

.6
*

la
*

27

*6

.3

,1

4 *°

1,3

1 1 1 / 7 2 IS B A S E D O N P R E L I M I N A R Y



ill
i f
.*3
.1

*

2| * 5

,

,

49.*

IS
17

N.E.C.
THE W ORLD

*
18.9
*
.4
-.1
16.9
3.2
6.9
2.9
3.8

14.0
-5.2
.7
-.1
16.9
3.5
7.5
2.9
3.1

7.9
-8.8
,7
.3
16.3
4.2
7.7
2.3
2.1

17,9
.8
.8

12.0

NET

-7.3
.5

19.3
4.2
8.6
2.7
3.8
-3.6
- 1.8
- 1.8
.7

56.8

55.4

-3.5
-2.4
- 1.1
2.8
------—

54.5

_

.

17.9
4.3
7.0
2.8
3.8

7
9
9
10
u
12
13
14
15

-1.0
-1,2
,2
1.8

FINANCE N.E.C,
OPEN- E N D INVESTMENT COS,
BROKERS ANO DEALERS
REST OF THE W O R L D

l6
17
IB
19

67.7

72.3

TOTAL

••

n.l

,::S

,i;7

& 6 ‘f

5 5 -*

54- 5

6 7 *7
*•«

#

*

*

'I
6,9

7 *7

6 «9

*
“ *2
7.4

t j -!

‘S * e

3 *9

5 «°

;J

a

’ ‘3

*5

2m

1,0

’ *9

1,0

«5

3.7

1.8

”9,8

*9

j 7

, o

A,f

~ 2 *7

~*7

” 1 *8

INFORMATION

FUNDS

*.i

5 .6

^

:

Tr

*

>>3.7

PVT.

5.8

ADVANCED

S3

FINANCIAL

MUT.
•! .1

•»
L *F E
~*6

B Y -

5.8

U

\i

INST.

SAVINGS BANKS
CREDIT UNIONS

13
u

15

i:
16

20

INSURANCE
COMPANIES

P V T * P^ S I O N FUNDS
S T .*L0C. GOVT. RET.FDS.

*

I

c 0 R P 0 , , * Tf:

households

OTHER

*

*

ST,♦LOC, GO VT S. .G EN FDS,
.8
U.S. G O VE RN ME NT
SPONSOREO CREDIT A G . ( 1 )(2)

}•*

“ *5
" I#?

*

^

72.3

5.7
- 1•!

1

1.1

,•;»

S:! Sij
~,'l
1,0

*

l

l\:iSECT0RS

*»•<>

* 3 ‘?

5

1

CREOIT

BY —

^^ *5 =53*™"’

il:l

-i
4

MORTGAGE

i:?

“:S
nil

1
2
3
4
5
6

PURCHASES
HOUSEHOLDS
MUTUAL SAVINGS BANKS
COMMERCIAL BANKING
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
S . * L. G O V T . R T R , F U N D S

BORROWED

-:I

*

INCOMPLETE

FINANCE
REST OF

MET ISSUES
O P E N - E N D I N V ESTMENT COS.
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKS
REST OF THE WOR L D

,

*

AND

n
12
13
14
15

12.0
.5
11.5
11.6
.2
-.3

-

3,9

[4

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

17.9
2.0
15.9
16.2
«
-.3

'

2)0

&
7
R
9
10

7.9
-2.7
10.5
10.5
.2
-.2

T i
«:7

*

2^5

-'■>

PURCHASES

14.0
2.5
11.5
12.1
.1
-.6

.7
-.5
1.7
-2.4
-.9
1.9
.9
2.2
---- --- -------MORTGAGES

i u

7i2

ll ' l

*

3*.5

u i 2

5:3

2 l!:1 1:5 !:J ?:i
17

1

?

-•«

10

14
15

4S.9

STATE AND LOCAL G O V ERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

EQUITIES

1
2
3
4
5
6

TOTAL

1
?
3
4
5

HOUSEHOLDS

16

CORPORATE

8
9
10
H
1?
13

RONOS

1
2
3
4
5

«

ANNUAL

197?

INSURANCE
FINANCE

N.E.C

“ 6 »°
»6
1.9 ( l ) M EM O: F H L B L O A N S TO
S&L ASSNS.
( I N C L U O E D IN " O T H E R L O A N S " C A T E G O R Y )
(2) IN CLUDES M O R T G A G E POOLS BA CK IN G

r.NMA-HTIAR AMTITim DACc.Tunrarpu coo.

23
24
25

26
27
20

7 N O V E M B E R 197 2
M O R T G A G E S . BY T Y P E

MOWTGAGES.

BY

TYPE

1
2
3
4
5
6

M O R T G A G E M A R K E T S PY TY PE OF M O W T G A G E
( B I L L I O N S OF D O LL A R S)
SEASONALLY

ADJUSTED

ANNUAL

1968

YEAR
1969

TOTALS
1970

RATES

SEASONALLY

1971

1
1

1970
IV

1
I

1971
I
HOME

II

IV

III

1
I

I

ADJUSTED

197?
II

III

ANNUAL

RATES

MORTGAGES

1
2
3
4
5
6

15.3
14.9
.1
.1
-.1
.2

15.6
16.2
-.3
-.3
-.1
*

13.4
12.5
.2
.2
-.1
.6

28.0
24.5
.8
.8
-.1
2.0

16.1
12.9
.6
.6
«
2.1

17.2
13.9
.7
.7
-.1
1 .8

28.9
23.4
1.0
1.0
-.1
3.7

33.7
29.1
1.5
1.5
-.1
1.7

32.2
31.7
-.1
-.1
«
.8

30.3
27.5
1.4
1.4
-.1
.2

40.0
37.0
.5
.5
-.1
2.0

43.5
41.8
.2
.2
-.1
1.5

N E T C H A N G E IN L I A B I L I T I E S
HOUSEHOLDS
NONFARM NONCORP. BUSINESS
corporate
BUSINESS
U.S. G OVERNMENT
SAV I N G S AND LO A N ASSNS.

7
8
9
10
11

15.3
.7
.1
.H
1.6

15.6

13.4
.5
«
-.1
5.1

28.0
.2
»
-.3
4.a

16.1
.2
«
-.3
3.7

17.2
-.3
»
-.6
1.3

28.9
-. 1
«
«
5.6

33.7
.2

30.3
-1.9
*
-.3
5.0

40.0
-.9
«
-.6
5.5

43.5
-1.0
•

-.2
6.7

32.2
.8
ft
-.4
5.5

net

*
.1
3.9

12
13
14
15
16

3.5
8.7
7.2
1.4
*

3.0
9.1
7.7
1.4
*

.9
8.2
7.?
.9
.1

5.7
19.3
18.0
1.2
.1

1.0
12.8
11 .5
1.3
.1

3.4
13.9
13.0
.9
.1

5.9
19.5
18. *
1.0
«

6.8
2?. 6
21.3
1.2
ft

6.6
21.2
19.4
1.8
.1

7.5
20.9
18.7
2.2
.1

8.4
28.5
25.4
3.0
.1

17
18
19
20

-.7
-.7
«
.6

-.9
-1.1
.1
»i

-1.2
-1.3
.1
.1

-2.7
-?.l
-.6
1.1

-1.3
-1.4
.1
«

-2.4
-1.9
-.6
1.7

-2.9
-2.1
-.8
1. 0

-? .9
-2. 2
-.7
.5

-2.5
-2.1
-.4
1. 0

-4.5
-3.3
-1.2
3.7

MULTI-FAMILY

RESIDENTIAL

change
IN A S S E T S
HOUSEHOLDS
STATE AND LOCAL GOVERNMENTS
U.S. g o v e r n m f n t
SPONSORED CREDIT AGENCIES (1)

7
A
9
10
11

7.6
30.9
27.6
3.2
.1

COMMERCIAL BANKING
SAVINGS INSTITUTIONS
SA V I N G S AND LOAN ASSNS.
MUTUAL SAVINGS BANKS
CREDIT UNIONS

12
13
14
15
16

-2.7
-2.3
-.4
1.8

-2.4
-1.8
-.6
5.8

insurance

17
IB
19
20

-.2
3.0

LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNOS
F I N A N C E N . E . C . (MTG. COS.)

MORTGAGES

I
2
3

3.5
.8
2.7

4.8
1 .2
3.6

5.9
1.5
4.3

8.H
2.6
6.2

6.8
1.7
5.0

7.4
2.3
5.2

9.8
3.0
6.8

8.8
2.8
6.0

9.3
2.6
6.7

8.7
2.7
6.0

9.9
3.1
6.8

10.6
3.1
7.5

4
5
6
7
8

3.5
-.2
.3
«
.3

4.6
-.1
.7
•
.5

5.9
-.2
.5
.3
.1

h

.a
1.2
.4
.8
.7

6.8
.1
.5
.3
•

7.4
.7
.6
.5
.7

9.8
ft
.4
.6

8.8
3.5
.3
.9
.7

9.3
.5
.2
1.3
.5

8.7
2.4
.4
1.2
1.6

9.9
-.3
.3
1.0
2.4

1 0 . 6 N E T C H A N G E IN A S S E T S
.7
HOUSEHOLDS
.9
U.S. GOVERN M E N T
1.4
FEO. NAT. MTG. ASSN.
2.8
COMMERCIAL BANKS

9
10
11

1.6
1.1
.5

1.7
1 .*
. .5

2.4
?.l
.4

4.8
3.0
1 .8

3.3
3.0
.3

4.3
2.7
1.6

6.9
4.6
2.2

3.4
2.2
1.3

4.6
2.6
2.0

4.6
3.5
1.0

5.0
3.9
1.1

4.6
3.4
1.1

12
13

1.0
.4

1.4
.6

1.9
.8

.7
.3

2.2
.4

.6
.1

.8
.3

.9
-.9

.5
1.6

«
-1.4

.5
1.0

.2

commercial

NET B O R R O W I N G
CORPORATE BUSINESS
NONFARM NONCORP. BUSINESS

1
2
3
4
5
6
7
8

SAVINGS INSTITUTIONS
S A VINGS ANO LOAN ASSNS.
MUTUAL SAVINGS BANKS

9
10
11

LIF E INSUR A N C E COS.
S.♦ L.GOVT. P E N S .FUNOS

12
13

MOWTGAGES

1
2
3
4

6.6
1.1
4.9
.5

5.5
1.3
3.B
.4

5.4
1.4
3.6
.4

10.1
1.4
7.8
.9

6.8
1.4
4.8
.5

7.7
1.4
5.6
.6

9.4
1.4
7.2
.8

11.5
1.5
9.0
1.0

11.7
1.5
9.2
1. 0

12.9
1.5
10.3
1.1

14.9
1.5
12.0
1.3

15.3
1.5
12.4
1.4

NET BO R R O W I N G
HOUSEHOLDS
CORPORATE BUSINESS
NONFARM NONCORP. BUSINESS

1
2
3
4

5
6
7
8

6.*>
.2
~
2.6

5.5
.7
*
1.6

5.*
.9
«
1.2

10.1
.2
»
3.0

6.8
.8
•
1.8

7.7
.5
*
1.9

9.t
.5
•
3.4

11.5
.1
•
3.6

11.7
-.2
•
3.2

12.9
.7
4.9

14.9
1.4
5.6

15.3
1.9
•
5.4

net

5
6
7
8

9
10
11

1.9
1.0
.8

1.4
.6
.8

1.5
1.0
.6

4.1
3.1
1.0

2.9
2.0
.9

3.0
2.5
.5

3.5
2.9
.6

5.0
3.4
1.5

5.0
3.7
1.4

4.4
3.2
1.2

5.2
3.6
1.6

5.1
3.6
1.4

SAVINGS INSTITUTIONS
SAVINGS ANO LOAN ASSNS.
MUTUAL SAVINGS BANKS

9
10
11

12
13

1.9
•

1.8
»

1.8
*

2.7
.1

1 .2
»

2.3
•

2.0
•

2.8
.1

3.5
.1

2.9
.1

2.7
.1

2.9
.1

LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES

1?
13

FARM

1

2.1

]L . 9

1.8

2.0

2.1

2.2

1.3

2.2

2.3

2.6

2.9

2.8

1.0
•
.5
.3
*
.2

]1.2
•
.6
.3
»
ft

1.1
•
.5
.3
•
-.1

.9
*
.7
.6
-.1
•

.8
.1
.6
.7
.1
•

1.5
•
.5
.5
•
-.2

.1
•
.7
.6
ft
-.1

.8
»
.8
.7
-.1

1.0
*
.9
.5
-.1
.1

1. 1
.3
.8
.4
-.1

1.6
-.3
.9
.6
*
.1

.5
.1
1.3
.8
•
.1

ON

PRELIMINARY

and

IS

BASED




INCOMPLETE

in

assets

MORTGAGES

2
3
4
5
6
7
[11/72

change

HOUSEHOLDS
U.S. GOVERNMENT
COMMERCIAL BANKS

ft

NET
NET

BORROWING BY FARMS
C H A N G E IN A S S E T S —

households
U.S. g o v e r n m e n t

FED. L A N D B ANKS
COMMERCIAL BANKS
MUTUAL SAVINGS BANKS
LIFE INSURANCE COMPANIES

1
2
3
4
5
6
7

INFORMATION.

(I)

Includes mortgage pools backing GNMA-guaranteed securities.
See preceding page.

7 NOVEMHFP
c o n s u m e

1972

CREDIT

A W

HAN*

loans

N.f.c.

CONSUMER

CU'JSUMtrf C ^ F D I T

AND

HANK

LOANS

MILLIONS

OF

NOT

ELSEWHERE

196m

TOTALS

lgb 9

N f O

1^71

I

1970

|

I-

IV

I

1971
I

II

CONSUMER

""
H I

ANO iANK

LOANS N.C.C.
20

DOLLARS)

................................................................ ..........
YEAH

CREOIT

CLASSIFIFD

~\
IV

|

SEASONALLY
197?

I

II

ADJUSTED

'

ANNUAL

RATES

"

H I

CREOIT

1

11 .1

9.3

4.3

l«l.4

.4

4.0

9.0

12.6

14.5

13.9

17.5

IB.6

2
3

9.0
2. 1

8.3
1.0

3.0
1.3

-1.4
2.1

- 1.5
1.8

2.7
1 .3

6.7
2.3

10.3
2.2

12.4
2.2

11.9
2.1

15.5
2.1

15.6
3.0

4
5
6
7
8
9
10

11.1
w.O
.1
.9
4.3
1 .4
2.4

9.3
8.3
.1
.7
3.4
1.5
2.6

4.3
i.O
.1
.8
1 .6
1 .1
-.f,

1 (> .4
'< . 4
.1
1.2
4. 1
1 .9
1 .0

.4
-1 .5
.1
.5
-.1
.7
-2.6

4.0
2.7
»
.8
1.3
1.5
-.8

<».0
6.7
.1
1.0
3.3
2.0
.3

12.6
10.3
.2
1.3
5.1
2.1
1.6

14.5
12.4
.2
1.2
6.2
2.0
2.7

13.9
11.9
.1
2.0
4.6
2.3
2.8

17.5
15.5
.1
1,2
8.0
2.2
4.0

18.6
15.6
.1
1.9
8.5
1.8
3.3

N E T C H A N G E IN A S S E T S
INSTALMENT CREDIT
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

1.0
.D
.6
-.1
*

1.3
. •*
.6
.r
.1

2.1
.4
.8
.7
.1

1.8
.6
.7
.4
.1

1.3
«
.7
.5
.1

2.3
■5
.9
.7
.2

2.2
.7
.5
.9
.1

2.2
.7
.6
.7
.1

2.1
.3
.6
1.0
.2

2.1
.7
.4
1.0
.1

3.0
.7
.9
1.3
.1

NONINSTALMENT CREDIT
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS

50.8

48.1

TOTAL
58.1

2,1
.6
.8 •
.6
.1

11
12
13
14
15

LOANS

hank

1

27.9

27.1

2
3
4
5
6
7
8
9

6.7
4.9
1.3
-1 . 1
16.2
lb.2

b.4
3.3
-1.1

10
11
12
13
14
15
16
17

16.2
3.1
.4
1.3
9.3
.1
2.3
-.2

3U .6

12.1

NOT

ELSEWHERE

5.5

16.9

28.5

19.0
19.0

-v.9
4.8
•8
.8
_ .
l4.<+
14.4

3.5
.3
4.0
.4
-2.7
—
-2.7

6.5
1.8
-1.3
.9
9.0
9.0

10.6
4.0
-.7
—. 2
14.8
14.8

1 9. 0
2.8
.6
2.0
12.1
.1
2.1
-.6

4.4
1 .5
.8
.4
2.3
-. 1
-.5
*

1 4,<f
3.9
1.3
I .8
3.3
.T
.r
2.7

-2.7
2,2
.3
.5
-2.5
.5
-3.0
-.7

9.0
2.3
.4
1.4
-1.3
-.7
7.2
-.4

14.8
4.6
1.4
1.9
2.8
l.r
-.3
2.7

39.9

36.9

ANNUAL

1968

YEAR
1969

TOTALS
1970

1u 7 1

finance

1
1

11
1?
13
14
15

II

1

21.6
_
21.6

14.3
5.6
4,5
.2
26,2
26.2

16.9
9.0
6.5
-1.3
17.1
17.1

21.6
2.5
2.1
1.6
11.4
.4
-2.4
5.9

12.1
6.2
1.4
2.2
.4
1.3
-1.7
2.3

26.2
6.3
1.1
2.7
9.4
-1.3
7.4
.6

17.1
3.3
1.6
2.1
8.0
1.7
-2.4
2.8

29.4
6.0
1. 1
.4
12.4
.6
6.6
2.3

1971
I

4
5
6
7
B
9
10

BANK L O A N S AT COM M E R C I A L
BANKS. F/F BASIS

TO S O U R C E

N E T C H A N G E IN L I A B I L I T I E S
HOUSEHOLDS
FARM BUSINESS
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
SVGS.* LOAN ASSNS.
FINANCE COMPANIES
R E S T OF THE W O R L O

III

IV

1
1

I

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

DATA

SEASONALLY
1970
IV

banking

INSTITUTIONS

10.8
6.9
3.H
3.3
12.1
12.1

11.8
6.1
1.3
-.8

RATES

1
1

companies

commercial

SAVINGS

1
2
3

L E S S ? L O A N S IN O T H E R C A T E G O R I E S
16.5
MORTGAGES
9.8
CONSUMER CREDIT
3.5
SECURITY CREDIT
-1 .2
COMMERCIAL PAPER
HYPOTHECATED DEPOSITS
29.4
EQUALS: BANK LOANS N.E.C.
PLUSt L O A N S BY F.R. BANKS
29.4 EQUALS: TOTAL BANK LOANS N.E.C

R E L A T I O N OF F/F B A N K C R E O I T
(BILLIONS OF DOLLARS)
AUJUSTtU

C H A N G E IN L I A B I L I T I E S
(HOUSEHOLDS)
INSTALMENT CREDIT
NONINSTALMENT CREDIT

CLASSIFIFD

2.5
1.9
1.4
?. 0
4.4
4.4

SEASONALLY

NET

1972
II

AOJUSTEO

ANNUAL

RATES

II I

1
2
3

401.3
6.1
395.2

4 2 1 .6
9.5
412.1

4 6 1 .?
14.4
446.8

bl * .b
18.7
49^.9

461.2
14.4
446.8

463.5
15.8
447.7

480.5
15.8
464.7

489.6
17.6
472.0

516.6
18.7
497.9

522.8
21.3
501.5

542.7
21.1
521.6

4
5
6
7
8
9
10
11
12

64.5
5.9
4.4
1 .4
78. 1
3.4
*
3.5

54. 7
6.9
3.0
2.0
66 .D
-9.5
.1
-9.3

61.7
11.1
2.3
1.0
7 6. 1
9.5
«
9.5

6 4 .9
lb.4
2.5
.1
82.9
b.l
*
6.2

61.7
11.1
2.3
—
1.0
76.1
8.8
-4.1
4.7

61.6
12.0
2.0
.1
75.7
-.4
2.1
1.7

60.3
13.0
2.6
.6
76 .4
»
2.7
2.8

58.7
13.9
2.5
.6
.4
76.2
-.3
-.6
-.9

64.9
15.4
2.5
.1
82.9
6.8
-4.2
2.6

62.5
16.2
. 2.4
.9
-.4
81.6
-1.3
1.2
-.1

60.3
17.1
2.5
-.7
79.2
-2.4
3.5
1.1

13
14
15
16
17
18
19
20
21

71 .S
5.9
4.4
1.9
.9
58.6
8.6
8.6

71.3
6.9
3.0
1.9
.4
bW.2
.2
.2

86.1
1 1 .1
2.3
2.7
.«+
69.6
10.5
in. 5

104.7
lb.4
2.5
:■
>.9
.4
82.4
12 .d
12.8

86.1
11.1
2.3
2.7
.4
69.6
3.9
-.1
3.9

91.5
12.0
2.0
3.0
.4
74.1
4.5
»
4.5

97.4
13.0
2.6
3.4
.4
78.0
3.9
-.4
3.5

99.9
13.9
2.5
3.7
.4
79.4
1.4
.5
1.9

104.7
15.4
2.5
3.9
.4
82.4
3.0
-.1
3.0

108,5
16.2
2.4
4.4
,4
85.0
2.6
«
2.6

111.5
17.1
2.5
4.9
.4
86.6
1.6
-.5
1.1

113.7 OTHER INVESTMENTS
17.8 - N ONGUAR, u s g a g e n c y ISSUES
2.4 - L O A N P A R T I C I P A T I O N CTFS.
5.2 - C O R P O R A T E BONDS
.4 - C O R P O R A T E S T O C K S
87.9 s STA T E ♦ L OCAL O B L I G . . F/F
NET CHANGE
1.3
.5 ♦
SEASONAL
1 . 6 * NET CHG. SEAS ADJ. Q.R.

13
14
15
16
17
18
19
20
21

22
23
24

265.3
6.1
259.2

29b. b
9.5
28*. i

313.3
14.4
29<).0

346 . 9
1
7
3 2^.3

313.3
14.4
299.0

310.4
15.8
294.6

322.9
15.8
307.1

3 3 1 .0
17.6
313.4

346.9
18.7
328.3

351,8
21.3
330.5

370.9
21.1
349.8

381.7
21.1
360.6

LOANS
- INTERBANK LOANS
= LOANS NET. L.4.3.

22
23
24

1 .8

3.3

1.8

1.5

1.9

2.9

3.3

_

_

_

_

_

_

2.9
.1
330.6

3.1
349.8

3.2
-.2
360.4

2.4
10.1
12.5

19.1
-7.0
12.1

10.6
3.5
14.0

♦ L O A N S TO F O R E I G N B A N K S
♦ TI M I N G AOJ. TO Q U ARTER END
♦ V A L U A T I O N ADJ. TO GROSS
* TOTAL LOANS. F/F BASIS
CLASSIFICATION SHIFT
NET CHANGE
♦
SEASONAL
= NET CHG. SEAS ADJ. Q.R.

25

1.8

1.6

27
28

5.2
264.4

_
26b. i

2 99.0

32H.3

299.0

294.6

307.1

313.4

328.3

29
30
31

2 7. 5
-.1
27.5

21.6
-.2
21.4

12.9
«
12.9

3 11 . U
-.1
2^.9

9.5
-6.3
3.2

-4.4
8.9
4.5

13.2
—6 . 6
6 .b

6.3
3.6
9.9

14.9
-6.0
8.9

-

555.8
21.1
534.6

T OTAL BANK CREDIT. J.4 OR CALL
- INTERBANK LOANS = TOTAL BANK CREDIT. L.4.3

6 0 . 3 U ,S. G O V E R N M E N T S E C U R I T I E S
17.8 ♦ N O N G U A R A N T E E D AGENCY ISSUES
2.4 ♦ L O A N P A R T I C I P A T I O N CTFS.
-.1 ♦ T I M I N G AOJ . TO Q U A R T E R E N D
-.7 ♦ V A L U A T I O N ADJ. TO PAR
79.7 3 U.S. GOVT. SECURITIES. F/F
.5
NET CHANGE
-.1 ♦
SEASONAL
.4 = N E T C H G . S E A S A O J . Q . R .

BASIS

NOTE--SOURCE DATA SHOWN HERE INCLUDE CCC AND EXPORT-IMPORT
ANK L O A N P A R T I C I P A T I O N S IN O T H E R I N V E S T M E N T S F O R A L L P E R I O D S .
P U B L I S H E D D A T A I N C L U D E T H E M IN L O A N S B E F O R E 1 1 / 6 6 ,
II I/ 7 2

IS B A S E D

0 vi




TM Iw A Y

anij

T NC.OMPLfc.TE I N F O R M A T I O N .

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

25
26
27
28
29
30
31

7 NOVEMB E R 1972
BAMK^CWEniT RELATIONSHIP

BANK CREDIT RELATIONSHIP

21

RELATION

SEASONALLY

ADJUSTED

ANNUAL

1968

YEAH
1469

TOTALS
I P 70

I
2
3

39.8
38.6

4
5

1p 7 1

-.1

49.8
•3

1.2
.7

.7

-.2
-1.0

6
7
e
9

.5
.5
«
•

.1
•1
.1
- .1

10
11
12

3.5
1.7
1.8

-9.3
-9.5

13

1..5

14
15
16
17

.3
.3
•
”

18
19
20

8.9
10.0
-1.1

-.2

21

-1.2

.3

22
23
24

.1
.1
“

•
•

25
26
27

27.5
26.9
.6

28

.5
.1
.7
-.5
•
•

HANK

C R E D I T TO L . 4 . 3 S E A S O N A L L Y
( B I L L I O N S OF DO LL A R S )

21

ADJUSTED

SEASONALLY

H . 7
3 }.H

29
39
31
32
33

F/F

PAIR'S

12.2
11 . b
.7

1.2

OF

1

19 70

|

1

IV

1

1971

I

II

1
I

IV

III

AOJUSTEO

ANNUAL

RATES

1972

I

II

h i

TOTAL BANK CREDIT
F/F
L.4.3
DIFFERENCE

SAAR—

4H.4
4 b .4
2.0

44.4
54.4
-10.0

52.8
46.4
6.4

44.5
45.2
-.7

58.7
53.2
5.5

61,8

59.3

77.2
-15.4

50.0
9.3

66.2
71.2
-5.0

-.9

.5
.4

-2.5
-.8

1.6
.5

-.2
.4

1.4
-1.0

-3.9
.5

2.3
-1.3

-1.3
-.4

1.2
1.3
*
-.1

.1
«
-.7
•n

-1.7
.2
-1.0
-.9

1.1
1.4
-.6
.3

-.6

.1
-.1

2.0
-.6

2.3
1.7
-.4
1 .1

-4.4
-2.1
-1.3
-1.0

3.6
3.4
-.1
.3

-.9
-2.6
2.3
-.6

9.5
6.5

6.2
2.7

3.0

3.5

4.7
1.2
3.5

1.7
3.1
-1.4

2.8
1.7
1 .1

-.9
-2.9
2.0

2.6
.8
1 .8

-.1
1.6
-1.7

1 .1
.9
.2

.4
-1.2
1 .6

.3

2.5

2.9

2.0

-.3

1.4

1.3

.6

1 .1

-.2

.5

-.1
-.3
.1
-

.5
.5
«

.5
.5
*

.7
1.5
-.4
-.4

-1.1
-.2
-.3
-.6

-.3
-1.3
-.1
1 .1

.7
.2
.0
-.2

1.2
1.9
-.4
-.3

-2.8
-.8
-1.3
-.7

.4
-1.5
.7
1.3

1. 1
.3
1.2
-.3

1 1.3
14.7
-3.4

14.1
17.9
-3.8

4.2
6.7
-2.5

4.8
6.0
-1.2

3.9
4.0
-.1

2.1
2.9
-.0

3.2
5.0
-1.8

3.1
4.4
-1.3

1.6
1.7
-.1

2.1
2.7
-.6

OTHER SECURITIES —
F/F. SAQR
L.4.3* SAQR
TOTAL DIFFERENCE

18
19
20

-3.5

-3.8

-2.4

-.6

-.9

-.0

-1.5

-.7

-1.0

-.6

DEFINITION

21

.1
.1
“

*
•

-.6
-.4
-.2

.8
1.0
-.3

.1
.3
-.2

-.2
-1.0
.7

-.6
-.3
-.3

.9
1.2
-.3

•

SEASONALS

“

-.2
-.8
.7

.2
-.2

22
23
24

I?.9
12.6
.3

29.9
29.3
.6

3.2
3.6
-.4

4.5
4.5
•

6.6
5.9
.7

9.9
11.3
-1.4

8.9
7.6
1.3

12.5
13.2
-.7

12.1
9.9
2.2

14.0
16.3
-2.3

-

-

.Q
.9

bv . 1

.J

-

"

21.4
21.2
.2
-

-

-

-

.2
.5
-.1
•

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

.6
.4
.3
•
-.1

-.4
-.3
-.2
-.4
.5

-.1

•

-.7
- •1

.7
1.6
.1
-.5
-.5

-2.0

-

-

-1.4
-2.5

1.3
.7

.1

-.1

-.2

-.9
-.9

2.3
2.0
.9
-.7
• •6

-2.0
-3.1
.1
1.1
-.1

•

•

•

1.2
-.2

-.1
.7

.1
*

D I F F E R E N C E AT Q U A R T E R L Y
DEFINITION ♦ TIMING
SEASONALS
METHOD
BALANCE
OTHER

1
2
3
Rate

ADJUSTMENT

U.S. GOVT. S ECURITIES —
F/F» SAQR
L.4.3* SAQR
TOTAL DIFFERENCE* SAQR
DEFINITION

♦ TIMING

SEASONALS
method

BALANCE
OTHER

ADJUSTMENT

method

OTHER

TOTAL LOANS —
F/F. SAQR
L.4.3* SAQR
TOTAL DIFFERENCE
DEFINITION

♦ TIMING

SEASONALS
METHOO - 1
METHOD - 2
BALANCE ADJUSTMENT
OTHER

N OT E — SOURCE DATA SHOWN HERE INCLUDE CCC AND EXPORT-IMPORT
B A N K L O A N P A R T I C I P A T I O N S IN O T H E R I N V E S T M E N T S F O R A L L P E R I O D S .
P U B L I S H E D D A T A I N C L U D E T H E M IN L O A N S B E F O R E 1 1 / 6 6 .
111/72

IS B A S E D

ON

PRELIMINARY

AND

INCOMPLETE

INFORMATION.

Relationship to Seasonally Adjusted Bank Credit
" L .4 .3 " in this table is a short reference to seasonally adjusted bank credit as published in the Federal Reserve
Bulletin on page A-23. Both the Flow of Funds and L .4 .3 data in this table exclude credit on nonconsolidated affiliates.
Line
7, 15, 23
8, 16, 31
9
17, 24, 33
30
31

Difference in seasonal between L .4 .3 components adjusted individually as flows and the seasonal in L .4 .3 .
Adjustments to F/F bank credit components used in balancing seasonals in the flow-of-funds matrix as a whole.
Sum of lines 17, 24, and 33.
Difference in seasonal between F/F bank credit components and the corresponding L . 4 . 3 components adjusted as
flows. Line 35 is the sum of differences for several loan types.
Sum of seasonals for F/F loans by type less sum of seasonals for L . 4 . 3 loans by type.
Sum of seasonals for L . 4 . 3 loans by type less seasonal on total loans in L . 4 . 3 adjusted directly.




4
5
6
7
8
9

10
11
12
13
14
15
16
17

25
26
27
28
29
30
31
32
33

7 NO V E M B E R 1972
OTHER LOANS

OTHER' L O A M S

22

O P E N - M A R K E T P A P E R AN D O T H F R L O A N S
(B I L L I O N S OF D O L L A R S )

SEASONALLY

ADJUSTED

1968

YEAR
1969

ANNUAI

PATES

TOTALS
1970

»

SEASONALLY

1971

1
|

1970
IV

|
1

OTHER

1971
I

II

LOANS

—

SECTOR

1
1

IV

III

I

ADJUSTED

197?
II

I II

ANNUAL

22

RATES

TOTALS

1
2
3
4
5
6
7
8
9
10
11

12.5
1,7
.2
1.1
3.6
.3
.2
.9
2.5
2.1

28.1
3.0
.6
l. B
7.0
.7
-.3
4.2
4.0
4.7
2.4

11.0
?.h
.6
1 .2
5.2
.1
-1.9
1. 3
-.2
?. 1

3.3
1.3
.7
•B
1 .2
.4
-.4
-2.7
-.2
2.1

5.1
1.7
.9
.8
6.0
.2
-8.9
-.7
.1
4.4

2.6
1. 7
.9
2.5
5.1
.4
.3
-2.6
-1.8
-7.0
3.2

-6.5
1.2
.9
1.1
-1.2
-.3
-.1
.2
-9.8
-1.0
2.5

7.8
1.2
.5
.4
.8
1.0
-.2
.7
.9
1.5
1.1

9.1
1.3
.6
-.9
.2
.4
«
.3
*
5.7
1.6

3.0
1.4
.3
.6
6.1
1.1
.8
-6.0
-3.3
2.1

5.8
1 .5
.4
.1
4.7
.4
-.8
.6
1.5
-2.6

1.1
1.3
.1
.8
-3.2
.4
1.6
1.9
-l.l
-.8

NET INCPEASE in L I A B I L I T I E S
HOUSEHOLDS
FARM BUSINESS
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
SPONSORED C«.AGENCIES
BANK AFFILI A T E S
SAVINGS INSTITUTIONS
FINANCE N.E.C.
R E S T OF THE W O R L D

1
2
3
4
5
6
7
8
9
10
11

12
13
14
15
16
17
18
19
20
21
22

12.5
2.0
2.5
3.7
1.2
-.1
-1.1
•
1.2
2.5
.6

28.1
5.9
2.7
3.5
4.8
•
.5
.3
3.4
6.0
1.0

11.0
-1.8
.6
2.6
2.3
«
2.0
•2
3.0
1.7
.5

3.3
-3.9
1 .8
3.2
-2.0
.2
.8
.3
1.6
1.4
-.2

5.1
1.6
-1.9
2.0
.5
- .1
.4
-.2
1.9
-2.1
2.9

2.6
-7.7
1.4
5.0
-.6
.3
.9
1.1
3.3
-.7
-.4

-6.5
-4.1
-5.3
3.5
-8.7
-.3
-.2
-.?
3.2
3.8
1.8

7.8
.2
4.9
2.1
.8
•
-.8
.2
1.1
-2.2
1.5

9.1
-4.0
6.2
2.0
.5
.8
3.3
•

5.8
.3
2.8
2.0
1.3
-.3
-1.3
.4
1.6
2.5
-3.4

1. 1
-1.9
-1.0
2.5
2.5
•
-1.2
.1
.3
.8
-1.0

N E T I N C R E A S E IN A S S E T S
HOUSEHOLDS
CORPORATE BUSINESS
U.S. GOVERNMENT
SPONSORED CREDIT AGENCIES
MONETARY AUTHORITY

-1.1
4.8
-3.5

3.0
-3.8
3.7
2.8
-5.2
-.5
.2
.4
1. 0
1.5
3.0

12
13
14
15
16
17
18
19
20
21
22

open

-m

arket

commercial

banking

MUTUAL SVGS. BANKS
INSURANCE
FINANCE N.E.C.
R EST OF THE WORLD

paper

1

4.1

12.2

1.7

-1.0

-.1

-7.8

-3.6

4.3

3.0

.4

1.0

-4.9
OPEN MARKET PAPER-TOTAL
N E T I S S U E S . BY T Y P E A ND S E C T O R —

1

2
3
4

1.7
1.7

6.6
3.6
3.0

-.8
.3
-1.1

-.6
-.1
-.5

-8.8
-.3
-8.6

-8.8
-6.4
-2.4

-.7
-.5
-.2

2.9
2.0
.9

4.2
4.4
-.1

-2.1
-2.6
.6

1.3
2.1
-.8

• •8
-1.4
.7

DIRECTLY-PLACED PAPER
FINANCE COMPANIES
BANK AFFILIATES

2
3
4

5
6
7
8

2.3
1.5
.8
•

4,6
2.3
1.1
1.2

.9
2.2
-.5
-.8

-1.3
-1.2
-.1
.1

3.9
3.3
1.0
-.4

-.4
.5
-.7
-.2

-4.2
-4.1
-.5
.4

-.2
.6
-.6
-.2

-.2
-2.0
1.3
.4

1.1
1.5
-.6
.2

3.9
4.6
—. 6
•

-1.7
-3.0
.3
.9

DEALER-PLACED PAPER
NONFIN. CORPORATIONS
FINANCE COMPANIES
BANK AFFILIATES

5
6
7
8

9
10
11
12
13

.1
-.2
.3
.1
.1

1.0
.3
.7
.4
.4

1.6
.8
.8
.4
.4

.8
.3
.5
.3
.3

4.8
3.6
1.2
.6
.6

1.4
.3
1.0
.5
.5

1.4
-.2
1.6
.8
.8

1.6
.2
1.3
.7
.7

-1.0
.9
-1.9
-.9
-.9

1.4
.6
.8
.4
.4

-4.2
-3.7
-.5
-.3
-.3

-2.4
-2.0
-.4
-.2
-.2

BANKERS* ACCEPTANCES
REST OF THE W ORLO
NONFIN. BUSINESS
NONCORPORATE
CORPORATE

14
15
16
17
18
19
20
21

4.1
2.0
2.5
-.1
-1.1
•
.3
.6

12.2
5.9
2.7
•
.5
.9
1 .2
1.0

1.7
-1.8
.6
*
2.0
.8
-.4
.5

-1.0
-3.9
1.8
.2
.8
.7
-.4
-.2

-.1
1.6
-1.9
-.1
.4
.3
-3.4
2.9

-7.8
-7.7
1.4
.3
.9
2.4
-4.7
-.4

-3.6
-4.1
-5.3
-.3
-.2
2.3
2.2
1.6

4.3
.2
4.9
«
-.8
.1
-1.5
1.5

3.0
-4.0
6.2
.8
3.3
-2.1
2.2
-3.5

.4
-3.8
3.7
-.5
.2
.2
-2.4
3.0

1.0
.3
2.8
-.3
-1.3
.3
2.6
-3.4

-4.9
-1.9
-1.0
•
-1.2
-.7
.8
-1.0

OTHER

2 .2
.5
1.8

4.8
.6
4.2

2.1
-.3
2.3

1.9
-.1
2.0

1.3
-.5
1.8

4.0
.3
3. 8

1.6
-.2
1.8

- .7
- .2
-. 5

2.5
-.3
2.8

3.9
-.3
4.2

-.1
-.4
.3

-.1

4

3.6

3.4

2.5

3.1

2.0

4.9

3 .5

2.1

2.0

2.8

2. 0

2.5

5
6
7
8
9
10
11

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

.3
-.1
.6
.3
.1

.4
»

.1

.7
-.2
-.2

.3

-

1.3

1 .8

.8

.6
.3
- .3
-.1
2.7

1.0
- .2
.6

.3
.3
.1
.3
.4

2.1

.8
-.1
.4
.3
.4
.3
2.8

.3

.4
-

.2
-.1
.6
.4
.2

.3
.1
.4
.1
.4
1.3

12
13
14
15

1.2
.1
.2
.9

4 .8
.2
.6
4.0

2.3
.3
.7
1.3

-2.0

.7
-2.7

.5
.3
1.0
-. 7

-.6
.3
1.0
-1.8

-8.7
.1
.9
-9.8

.8
-.6
.5
.9

16
17
18

1.3

•

2.6
.1

2.3
.1

1.0

1.6

.9

.9

«

#

1.2

2.5

2.2

1.0

1. 6

•
.9

•
.9

19

.'

.3

20
I 1 1/ 72

.2

IS B A S E D ON P R E L I M I N A R Y




.4
.2

•

.3

A ND

-

-.2

INCOMPLETE

P URCHASES* BY SECTOR
HOUSEHOLOS
NONFIN. CORPORATIONS
FEDERAL RESERVE
COMMERCIAL BANKS
LIFE INSURANCE COS.
INVESTMENT COMPANIES
R EST OF THE WORLD

14
15
16
17
18
19
20
21

TYPES

1
2
3

•
.3

NET

9
10
11
12
13

1.1
-

«

-.2

-

INFORMATION,

-

.3
»

•

•

1.1

*

.1
.1
.4

•
•

-

-

.7

1.5

1.1

.5
.2

-5.2
.3
.5
-6.0

1.3
.2
.5
•6

2.5
.5

.4
•

1.1

1.0

.7

1.3

1.0

I*1

1.0

.7

1.3

1.0

•

•

•

.2

-

-

•

.4

-

•

•

1.9
•

F I N A N C E CO. L O A N S TO B U S I N E S S
L I A B I L I T Y - N O N C O R P , BUS,
CORP. BUS.

1
2
3

U.S. GOVT. L O A N S
L I A B I L I T I E S OF*
HOUSEHOLOS
FARM BUSINESS
N O N F A R M N O N C O R P . BUS .
CORPORATE BUSINESS
STATE ♦ LOCAL GOVTS.
SPONSORED CR.A6ENCIES
REST OF THE WQRLO

5
6
7
S
9
10
11

S P ONSORED CREDIT AGENCY LOANS
N O NFARM NONCORP. BUS.(BC)
f a r m b u s i n e s s <f i c b )
S V G S . ♦ L O A N A S S N S . (FHLB)

12
13
14
15

P O L I C Y L O A N S (HSHOLD LIAB.)
ASSETS U.S. 60VT.
LIFE INSUR. COS.

16
17

4

18

MUTU A L SVGS. BANKS L O ANS TO
.4

-

.1

NONCORP.

BUSINESS

H Y P O T H E C A T E D DEP O S I T S (HSHOLDS LIAB.)
ASSET-COMMERCIAL BANKS

19

20

7 N O V E M h FR 1v 7/
SECURITY CREDIT.

THAW

CHfUH*

ANO

TAXES

,

SECURITY

SFCJWITY

SEASONALLY

19*>8

ADJdSUD

A M wiial

YF.A*

TOTALS

14*9

p a

CREDIT. TRADF CREDIT. ANO TAXES
tHlLLiaivS OF t>OLLA«5>

TES

lvi7.)

\if7\

1970
IV

I
|

1 **71
I

II

SECURITY

H I

IV

|
I

TRADE

CREDIT*

AND TAXES
23

SEASONALLY
\
I

CREDIT*

PAYABLE

I

ADJUSTED

1972
II

H I

ANNUAL

RATES

credit

1
2
3
4

4.0
2.3
•3
2.0

-4.7
-2.7
-.1
- 2 *b

-.S
-1 .9
-.S
-1.4

? .7
?. 1
.1
2.0

6.4
1.6
-.6
2.1

2.9
1.9
«
1 .9

.S
3.0
.2
2.8

.5
.7
»
.7

6.9
2.9
.3
2.6

13.6
8.4
.6
7.8

10.9
6.7
1.1
5.7

12.1
6.4
.8
5.6

5
6
7
8

2 . f)
1 .0
*
1 .0

-2.0
-1.0
-l.o

1.4
1.9
“
-.6

.6
.7

1.0
-1.3
2,3

-2.5
-.9
-1.6

-.2
1.3
-1.5>

4.0
3.5
.6

5.2
3.9
1.3

4.2
5.4
-1.2

5.6
2.7

-.1

4.8
4.6
.2

9
10
11
12
13

4.4
.7
•3
1.3
2.0

-0.7
-.6
-.2
-1.1
-2.6

-.S
-.s
-.1
1 .4
-1.4

2.7
»
»
.8
2.0

6.4
«
.2
4.0
2.1

2.9
1.6
.6
-1.3
1.9

mb

.S
-1.2
-.3
1.3
.7

6.9
.6
-.1
3.8
2.6

13.6
1.2
.1
4.5
7.8

10.9
-1.2
-. 1
6.5
5.7

12.1
2.9
.1
3.5
5.6

NET CHANGE IN ASSETS
HOUSEHOLDS
FOREIGN
COMMERCIAL BANKING
BROKERS AND DEALERS

1
2
3
4

12.0
.5
.4
-.3

16.6
.5
.7
-.7

7. 1
.6
1. 1
.6

3.8
.6
1.4
-1.0

3.1
.6
1.4
-.2

4.5
.6
1.8
-1.3

4.5
.6
.6
-.2

7.3
.6
1.5
-.1

15.2
.6
.4
.5

9.5
.6
1.0
.5

10.3
.6
.9
1.4

net

.6
1 .8
-1 .5

5
6
7
8

10.4
.6
•
.4

15.2
•4
-.3
.8

2.8
.4
-.6
2.1

3.4
.5
-.7
-.4

-2.1
.5
-.1
3.1

6.8
.4
.1
-3.9

-1 .5
.4
-1 .5
.7

2.8
.4
.3
.1

4.8
.5
-1.6
1.6

13.2
.5
-.6
.5

9.8
.5
-2.2
-.5

8.5
.5
-1.3
-.2

9
10
11
12
13

15.7
13.9
.6
.3
.9

19.4
17.3
.9
.4
.8

7.2
6.2
-.8
.5
1.3

2.8
o.O
-1.7
.5
*

1.5
.3
-1.0
.5
1.7

6.2
7.9
-1.7
.5
-.4

-1 .4
1 .8
- 3 .4
.5
- .3

3.6
3.6
-.4
.5
-.2

3.0
2.8
-1.2
.5
.9

20.1
19.4
•
.5
.2

15.4
13.2
*
.5
1.6

12.8
11.8
.2
.5
.3

N E T C H A N G E IN A S S E T S
CORPORATE BUSINESS
U.S. GOVERNMENT
INSURANCE
FOREIGN

9
10
n
12
13

14

-3.7

-2.9

-.1

1 .0

1.5

-1.8

.5

.9

4.3

-4.9

-5.9

-2.5

DISCREPANCY

14

2.1
1.9
.2
.1
.1
•

-.6
.5
• •1
-1.1
.1
.1
•
•

-4.3
-4.6
*
•
.1
•
.1
•
•

2.3
1.9
-.3
.1
.1
.1
.4
•
•

TRADE

PROFIT

1
2
3
4
5
6
7
8
9

3.0
2.9
-.1
«
.2
•
•
•

-3.1
-3.3
•

10
11
12

2.4
1.7

-3.2
-2.6
-.6

13

.7

.1

•

•

1 1 1/72

(V

3
-2.4

*
-3.2

IS B A S E D

ON




_.9

TAXES

9.2
10.0
•
-.7
.1
-.1
»
*
«

-.2
»
•

1.1
1.1
.1
.4
.1
-.3
-.3
•
*

-3.9
-3.0
-.9

1.4
1. 1
.3

-3.9
-2.9
-.9

.6
.5
.1

5.7
5.4
.3

.8
.6
.2

-1.5
-2.0
.6

-1.2
-1.7
.5

-4.5
-5.0
.5

.9
.4
.5

1.7

2.4

3.6

2.3

3.5

1.3

2.6

.6

.2

1.4

in

change

farm

liabilities

NONFARM NONCORP. BUSINESS
(PAYABLES LESS RECEIVABLES)
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
U.S. GOVERNMENT
FOREIGN

(1 - 9 )

NONCORPORATE

TOTAL TAXES PAYABLE
NONFINANCIAL CORPORATIONS
FEDERAL RESERVE
commercial

I
2
3
4

S
6
7
8

10
11
12

UNALLOCATED

13

BUSINESS

-4.9

-4.3

-3.6

-2.2

-2.4

-3.2

-4.1

-3.1

TOTAL

-1.7
-3.2

-.8
-3.6

-.6
-3.0

.1
-2.4

1.0
-3.4

-.6
-2.6

-1.0
-3.2

-.7
-2.5

n onfarm

.

I
2
3
4
5
6
7
8
9

TOTAL TAXES RECEIVABLE
u . s. g o v e r n m e n t
STATE ♦ LOCAL GOVTS.

-.1
-3.1

in formatio n

banks

SVG. ♦ LOAN ASSNS.
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
FINANCE COMPANIES
BROKERS ♦ DEALERS

-3.2

INCOMPLETE

in

business

-4.9

AND

9
10
U
I?
13

HOUSEHOLDS

-1 .7
-3.2
preliminary

5
6
7
B

PAYABLE

2.9
3.0
-.4
.1
*
.1
«
•
»

EQUITY

BROKERS ♦ DEALERS
FROM COMMERCIAL BANKS
F R O M F O R E I G N B A N K I N 6 AG.
CUSTOMER CREDIT BALANCES

1
2
3
4

CREDIT

-.3
-1.1
•
.2
•
.3
.2
*
.1

-

i
.

3.0

3.8
4.0
*
*
.1
-.1
-.1
«
«

-2.1
-2.7
«
.3
»
.1
.1
«

PWOPRIETOWS*

2
3

-1.2
-.4
-.7
2.8

-

N E T C H A N G E IN L I A B I L I T I E S
CUSTOMERS
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES

FARM

HOUSEHOLD

INVESTMENT

noncorporate

BUSINESS

business

1
2
3

7 N O V E M B E R 1972
MISCELLANEOUS I

MISCELLANEOUS

»

M I S C E L L A N E O U S F I N A N C I A L Cl AI MS
( M I L L I O N S OF DOLLAriSJ
SEASONALLY

ADJUSTED

ANNUAL

YEAR
1969

TOTALS
1970

RAlfr.S

SEASONALLY
197G
IV

197?
II

III

I
2
3
4

19.4
.4
4.1
.7

32.5
4.8
-.4

5*3
.4
3.4
.5

14.3
.5
3.6
•8

-6.4
.4
-1.0
2.0

2u.O
.4
.8
.2

-7.0
.4
-1.4
1.6

34.9
.5
5.8
-1.0

9.6
.5
9.3
2.5

30.2
.5
-.6
-1 .5

13.3
.5
-.7
2.1

16.1
.5
2.8
-.6

5
6
7
8

12.4
-.3
•2
8.0

25.0
.4
.4
18.9

-1.7
2.1
.4
-10.0

4.5
-.5
-.2
-1.3

-4.8
3.3
.8
-14.7

8.3
4.0
-.7
-1.2

-12.2
-5.5
-.4
-13.9

24.0
.6
1 .2
15.7

-2.2
-1.2
-.9
-5.7

23.2
1.8
.8
13.0

11.3
-.6
.4
4.3

11.1
.9
-.4
3.0

9
10
11
12
13

.4
•1
1 .5
2.5
1 .9

.4
.2
1 .4
3.3
?. 7

.6
.1
1.7
3.4
2.6

.8
.1
2.0
3.5
5.0

.9
-.3
1.6
3.5
-3.1

1.0
«
1. 8
3.5
10.2

1.7
.2
2.1
3.5
4.5

.8
.3
2.0
3.5
5.8

-.3
.1
2.2
3.5
-.4

1.5
.5
2.0
3.6
8.6

1.5
.4
1.9
3.6
.I

1.9
.4
1.9
3.5
2.4

14
15
16
17
18
19

12.3
1.8
.4
.5
2.4
-.2

17.3
2. 1
•*
.7
3.U
.1

10.3
>.6
.5
.7
4.3
.3

5.8
2.4
.4
.7
5.1
.1

-6.4
2.6
.5
.7
3.1
.5

13.0
2.5
r4
.7
6.4
-.2

-9.3
2.4
.4
.7
5.8
-.2

lri.2
2.4
.3
.7
6.2
.4

1.2
2.5
.5
.7
2.0
.2

15.7
2.4
.3
.7
6.2
-.3

13.5
2.5
.4
.7
-1.1
.2

18.7
2.4
.3
.7
2.4
-.4

20
21
22

4.0
*
2.8

2.9
.1
1 .9

7.7
1. 0
3.0

4.3
.6
1.9

4.5
2.0
-1.6

16.7
.9
7.9

-8.6
.8
-5.7

9.6
1.7
6.3

-.7
-1.2
-.9

7.1
•
1.5

1.1
1.4
-.7

10.1
2.6
5.1

23
24
25
26
27
28

*
•3
*6
.4
• 1
3.4

*
.9
•i
*
8.0

2.5
.3
.8
*
.2
-5.7

.2
.6
.8
•1
.1
-7.1

2.8
.3
.8
.2
.1
-18.2

5.4
.8
.8
.8
.1
-13.4

-4.5
.6
.8
-.6
.1
-9.8

-.6
.9
.8
.3
.1
-1.3

.5
.2
.8
-.3
.2
-4.0

2.2
3.1
.8
-.7
.1
-.7

-.2
-.3
.8
-.1
.2
9.8

1.3
.2
.8
-.1
.2
3.1

29

7.1

15.2

-5.0

8.5

»

7.0

2.4

16.7

8.4

14.5

-.2

-2.6

2.3
I .8
.5

33
34
35
36
37

,5
.5
- .1
*

38

-

7.9
b.B
1 .2

- .5
- .4
- .1
*

-6.9
-7.2
.2
-.2
- .4
*
.1
•1

-

-4.1
-4.8
.7

.4
.4
-.2
.2

-15.8
-16.0
.2

-.8
-1 .4
.2
.2
.2

-10.3
-10.4
.1

1.1
1.1
-.3
.3
.1

-5.6
-6.2
.6

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

5.0
3.9
l.i
.8
.6
•
.2
»

-5.4
-6.3
.9

1.6
2.5
-.9

1.4
-.4
1.7

.9

.5

.8

.3

-.4
.5
•

-.1
-.1

-.2
.6
-.6

SAVINGS ♦ LOAN ASSNS.
MUTUAL SV6S. BANKS
life

imsurance

NONLIFE
R E S T OF

•3

39

1.1

2.2

3.6

3.4

3.3

4.1

4.4

4.3

.7

4,0

-2.7

.5

.3

.»

1.0

-.2

.6

.4

-.1

-1.6

.5

-1.4

1.4

.4

41

.1

.e!

.2

.3

.3

.1

.2

.4

.2

.1

.3

42

«

-.3

1.3

-.5

2.6

4.5

-5.5

-1.2

-.1

1.0

43
44

-.2
- .3

.2
~

.3
“

.1
-

.4
.i

.1
-.1

•
#

.1
•

.3
*

.4
-

.2
-

.1
-

45
46
47
48

«
•1

•

•

•

»

«

•

.1
*

*

.1
.1
*

.1
-.1

*
•
*

.1
.1
«

•
.4

•
.1
•
•

•
•

.1
.1

»
.1
*
«

•

.1

•
.1
.1
.1

1 11 /7 2

IS B A S E D

ON P R F L T M I N A ^ Y A ND




INCOMPLETE

INFORMATION.

COMPANIES

BUSINE

9
10
11
12
13
14
15
16
17
18
19
20
21
22

SAVINGS ♦ LOAN ASSNS.
MUTUAL SVGS. BANKS
life
i n s u r a n c e COMPANIES
PRIVATE PENSION FUNDS
S .♦ L . G O V T . R T R . F U N D S
R E S T OF TH E W O R L O

23
24
25
26
27
28

total

finance

UNALLOCATED*

NET

29

DEPOSITS

CURRENCY EXCEPT
LIABILITY-REST

ASSET-

OFFICIAL—
OF THE WORLD

CORPORATE BUSINESS
U.S. GOVT.
COMMERCIAL BANKS
F G N . B A N K I N 6 AG.

30
31

32
33
34

35
36
37

S A V I N G S D E P O S I T S (U . S . G O V T . L I A B . )
ASSET - HOUSEHOLDS
38

DIRECT

ft

INSURANCE
THE W O W L O

5
6
7
8

SP O N S O R E D CR. AGENCIES
COMMERCIAL BANKING

-.2

40

•

companies

TOTAL ASSETS
HOUSEHOLDS
FARM BUSINESS
NONFARM NONCORPORATE
CORPORATE BUSINESS
U.S. g o v e r n m e n t

(B)

.2

1
2
3
4

TOTAL FINANCE
S P O N S O R E D CR. A G E N C I E S
MONtTARY AUTHORITIES
COMMERCIAL BANKING

-.1

POSTAL

-

OATES

C O M L . B A N K L I A B . TO F G N . A F F I L I A T E S
4.0
A S S E T - R E S T OF THE WORIO
2.4
LIA B t C O M M E R C I A L BANKS
1.6
F G N . B A N K I N G . AG.
FOREIGN

-.2
»
-.1
.3
-.4

ANVUAL

24

TOTAL LIABILITIES
HOUSEHOLDS
CORPORATE BUSINESS
U.S. G O V E RNMENT

(A)
30
31
32

AOJUSTEO

I

EQUITIES

F G N . I N V E S T M E N T BY U . S . C O R P .
L I A B . - R E S T OF TH E tfORLO
D I R E C T INVES T M E N T IN U.S.
A S S E T - R E S T OF T H E W O R L O

39
40

u. S. G O V T . E Q U I T Y I N I B R D * E T C .
.2
L I A B I L I T Y - R E S T OF T H E W O R L D 41

D E P O S I T S AT F H L B ( S. * L . A S S N S . ASSET)
-1 . 1
.3
L I A B I L I T Y - S P O N S O R E D C R . A6S.

*
•

42

E Q U I T I E S IN U . S . G . C R . A G E N C I E S 43
U.S.GOVERNMENT
PRIVATE

N O N F A R M N O N C O R P . 1B C »
F A R M BU S . ( F I C B ♦ FLB)
S V G S . ♦ L O A N ASSNS.(FHLB)
C O R P O R A T E BUS.(FNMA)

44

45
46
47
48

7 NO V E M B E R 1972
M I S C F i , L A M F O U S II

M I S C E L L A N E O U S II

J

H lS Ch LLA Nfc UU S F IN A NC I AL C L A I M S
(BILLION'S OF DO LL A R S )

•
SEASONALLY

AOjuSTfcO

A \ M 1>AL
TOTALS

1968

YtA^
1969

( C ON TI NU ED )

u A T *• s

25

SEASONALLY

h/1

\
I

1970
IV

f
|

1971
I

II

H I

IV

I
t

I

ADJUSTED

1972
II

ANNUAL

RATES

III

(C)
1

. <♦

•J

,4

.4

• **

.5

.5

D E F E R R E D AND
.5
.5

UNPAID
.5

.y
.3
,b

1 .u
.4
.6

1 .?
.b

1.1
.b
.b

1.2
.6
.6

1.1
.b
.6

1.1
.b
.b

1.1
.5
.b

1.1
.5
.6

1.1
.b
.6

5
6
7
8
9

2.b
.8
.5
.3
.9

3.3
1.1
.7
.4
1.2

3.4
.7
.4
1 .4

3.5
1 .2
.7
.3
1.3

3.5
1.0
.7
.4
1 .4

3.5
l.l
.7
.3
1.3

3 .b
1.3
.7
.3
1.3

3.5
1.3
.7
.3
1.3

3.5
1.2
.7
.3
1.3

3.6
1.3
,7
.3
1.3

3.6
1.3
.7
.3
1.3

10

7.1

lb.2

-5.0

«.b

«

7.0

2.4

16.7

8.4

14.5

-.2

-2.6

11
12
13
14
15
16

1 1.6
3.8
.2
.5
.2
-. 1

17.2
4.0
-.3
-.1
.7
.5

1. 0
2.5
-.6
1 .2
-1.1
.5

4.9
3.H
«
.8
1.0
-.1

-2.1
-1.6
2.0
-5.8
.2

14.9
.5
«
.2
4.8
-.7

-5.3
-1.3
«
1.7
«
«

21.9
7.3
-1.0
.2
1.6

8.3
8.8
2.5
-1.2
-1.4

18.3
.9
«
-l.b
3.6
.3

8.3
-2.0
2.1
2.1
.3

5.8
2.4
-.6
1.9
.5

17
18
19
20

.4
.1
.6
.2

.4
.2
.5
.4

.6
.1
.5
.4

.8
.1
.9
-.2

.9
-.3
.5
.8

1.0
«
.7
-.7

1.7
.2
1.0
-.4

.8
.3
.8
1.2

-.3
.1
1.1
-.9

1.5
.5
.9
.8

1.5
.4
.7
.4

1.9
.4
.7
-.4

21
22
23
24
25

4.4
3.9
.3
.3

5.6
3.8
.3
.4
1.1

4.9
?.l
1.0
1.3
.5

-.1
.1
.6
-1.1
.3

.4
-.4
.1
.3
.4

-.3
-4.2
4.0
-.5
.4

-4.9
-2.3
.5
-3.4
.3

2.0
3.9
-1.1
-1.2
.3

2.7
3.1
-1.1
.5
.3

-1.7
-5.0
-1.1
4.2
.3

5.5
4.7
-1.6
2.1
.3

26
27
26
29

1.2
.5
.9
.2

5.4
•
5.4
•

-8.0
-4.1
-4.1
-.2

2.9
.9
2.6
.5

.6
-2.5
1.9
-1.2

9.4
9.8
*
.4

-3.3
-7.2
4.2
.3

8.7
1.5
7.2
-

-3.1
-.6
-1.1
1.4

13.1
7.4
5.1
-.7

30
31
32
33
34
35
36
37

4.5
.7
•
•
.3
.3
.4
.1

2.0
-.7
.1
•
•
.5
.3
*

6.0
.3
1.0
1 .1
.3
.4
•
.2

1.3
-2.9
.6
.7
.6
.4
.1
.1

-2.1
-3.1
2.0
.1
.3
.4
.2
.1

7.9
-3.4
.9
.8
.6
.4
.8
.1

-7.7
-4.1
.8
1.0
.6
.4
-.6
.1

5.2
-4.8
1.7
.5
.9
.4
.3
.1

-.1
.9
-1.2
15

38
39
40

1 .9
.7
.1

.8
.2
.9

1 .2
1.4
.3

1.3
.4
«

-1.8
-.4
.2

6.7
.8
.1

-3.1
-2.7
«

4.1
2.0
•

I I 1/ 72

IS B A S E D

ON P R E L I M I N A R Y

AN D

INCOMPLETE

(0)

(E)




INFORMATION.

INSURANCE

CLAIMS

LIFF COMP A N Y R E S E R V E S ( H O U S E H O L D S ASSET)
1.2
LIABILITYLIFE INSURANCE
1.2
.6
ACCIDENT AND HEALTH
.6
.6
.6
PO L I C Y D I VIDEND ACCUM.

2
3
4

-

LIFE

P R E M I U M S (LIFE INS. ASSET)
LIABILITY - HOUSEHOLDS

3.5
1.3
.7
.3
1.2

NONLIFE

INSURANCE

business

HOUSEHOLDS

UNALLOCATED
NET

ASSETS

TOTAL

2
3
4

CLAIMS

LIABILITY - OTHER INSURANCE
ASSETCORPORATE BUSINESS
NONF A R M NONCORP. BU
farm

1

5
6
7
8
9

AND LIABILITIES

(LIAB.

- ASSETS)

TOTAL LIABILITIES
CORPORATE BUSINESS
U.S. GOVT.
U.S. G O V T .-WITHOUT LEVELS
REST OF THE W O R L O
SPONSORED CR.AGENCIES

10
11
12
13
14
15
16

SVGS.♦ LOAN ASSNS.
MUTUAL SAVINGS BANKS
LIFE INSURANCE
MONETARY AUTHORITIES

17
18
19
20

-4.6
-4.2
-2.3
1.6
.2

COMMERCIAL BANKING
COMMERCIAL BANKS
BANK AFFILIATES
FGN. BANKING AGENCIES
B A N K S IN U . S . P O S S .

21
22
23
24
25

-2.5
-7.2
4.5
-.2

3.6
5.8
-1 .6
.6

F L O A T S IN COML. BANK STMN
ON INT E R B A N K D E P O S I T S
ON I N T E R B A N K L O A N S
LESS - O N M.B. RESERVES

26
27
28
29

.2
.4
-.3
.2

3.9
-.9
•
.8
3.1
.4
-.7
.1

8.5
7.0
1.4
.9
-.3
.4
-.1
.2

8.3
-1.2
2.6
.9
.2
.4
- .1
.2

-2.4
1.5
*

3.9
-2.9
«

-1.9
1.0
-

5.0
.4
•

TOTAL ASSETS
R E S T OF THE WORLO
S P O N S O R E D CR. A G E N C I E S
S V G S . ♦L O A N A S S N S .
MUTUAL SAVINGS BANKS
LIFE INSURANCE
PRIVATE PENSION FUNOS
S.* L.GO V T . R T R . F U N D S
COMMERCIAL BANKS
FGN. BANKING AGENCIES
B A N K S IN T E R R . A N D P O S S .

30
31
32
33
34
35
36
37
38
39
40

7 N O V E M B E R 1972
TO T A L C L A I M S

total

26

TO TA L

SEASONALLY

ADJUSTED

ANNUAL

1968

YEAH
1969

TOTALS
1970

F I N A N C I A L A S S E T S AMD L I A B I L I T I E S
( R I L L I O NS OF DO L L A RS )

BATFS

1971
TOfAL

1970
IV

FUNDS

I
I

1971
I

RAISED

II

AND

ADVANCED

HI

I
I

IV

IN C R E D I T

MA W K t - T S

I

91.7
- 3 . fa
3.3
9<>.U
8.7
32. 6
<♦0.2
7.4
3.2

10 1 . 6
1?.8
J.O
85.7
13.9
2?.3
3«->.8
6.4
3.2

156.3
25.5
5.6
125.2
2u.b
41 .6
48.6
10.3
4.1

118.3
18.0
5.1
95.2
21.7
16.6
44. 1
7.5
3.2

115.8
3.9
4.2
107.7
24.9
23.4
45.5
10.4
3.6

170.0
4 0 .b
b .8
122.6
19.3
39.6
48.5
1 1.5
3.6

173.7
25.9
8.0
139.9
20.?
4 6.e
57.5
10.6
4.9

164.1
31.4
3 .b
129. 1
16.0
55.1
42.8
8.H
4.3

146.5
6 .b
4.2
135.8
17.8
50.7
51.5
11.8
3.9

10
li
12
13
14
15
16

15.1
3.5
1.1

13.1
8.7
1 .8
1. 8
?.b
.1
-1 .9

9 ,b

4.7
.2
-

31.1
8.a
4.1
8.3
5.5
.1
4.2

4.3
1.3
.b
-.4

1.8
b .9
1.9
1.3
.7
-8.9

-.4
-.7
-.7
4.7
-2.0
.9
-2.6

1.2
1.3
-4.4
1.1
2.7
.4
.2

lb.3
7.4
3.0
3.1
2.0
.2
.7

21.4
7.5
2.1
8.3
2.5
.6
.3

10.9
6.3
-7.1
10.0
-2.7
3.6
.8

17

112.9

122.8

114.7

166.0

120.1

115.4

171.2

190.1

185.5

157.4

e

9

5.5

14.1
5.3
.7
5.5
2.6

18
19
20
21
22

38.b
29.2
,b

1.7
7. 1

4.5
7.8
.5
-1.6
-? .3

1.9
«

*

-1.0
-16.8
•b
7.5
7.7

-7.8
-7.8
.6
-3.5
2.8

-52.1
-61.1
«

3.0
b.O

9.8
-5.7
.6
2.4
12.4

29. 1
8.0
.9
1 1.4
8.8

8.1
-8.6
.9
12.1
3.6

ADJUSTED

197?
II

ANNUAL

RATES

III

(1)

97.8
13.4
3.1
81 .4
10.4
31.9
30.7
5.7
?.7

1
2
3
4
5
6
7

laims

t

SEASONALLY
I
I

C

-14.9
-24.8
.4
1 .1
8.4

166.8
16.3
1.5
148.9
14.7
60.9
57.5
10.9
4.9

FUNDS
163.0
10.6
1.0
151.5
18.0
69.1
50.0
10.2
4.1

R A I S F O IN C R F D I T M A R K E T S B Y —
NONFINANCIAL SECTORS
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC
STATE ♦ LOCAL GOVTS.
HOUSEHOLDS
C O R P O R A T E N O N F I N . BUS.
NOVF AR M N O N C O R P . BUS.
FARM BUSINESS

17.9
19.9
FINANCIAL SECTORS
8.8
3.2
S P O N S O R E D CR. A G E N C I E S
4.3
4.0
SAVINGS AND LOAN ASSNS.
10.0
3.3
finance c ompanies
2.0
.5
investment
COMPANIES
.4
.6
COMMERCIAL BANKS
-.8
1.6
BANK AFFILIATES
F O U A L S — TOTAL F U N D S RAISED AND ADVA N C E D
184.7
18?.9
IN C R E D I T M A R K E T S

31.9
18.2
.8
7.3
5.6

NET A C Q U I S I T I O N S BY i P R I V A T E D O M E S T I C
15.1
NONFINANCIAL SECTORS
HOUSEHOLDS
- .6
.8
NONFARM NONCORP. BUSINESS
5.6
N O N F I N A N C I A L CORPO R A T E BUS.
9.3
STATE ♦ LOCAL GOVTS.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

18
19
20
21
22

23

4.9

2.9

2.8

3.2

1 .8

4.9

3.9

2.1

1.8

3.2

1.4

3.3

24
25
26

91.5
3.2
3.7

8 0 .U
9.0
4.2

96.4
9.9
5.0

13b.5
2.8
8.8

103.3
8.0
4.6

136.9
.9
14.1

129.4
-4.6
2.7

125.9
7.1
8.8

153.3
7.8
9.8

152.0
7.3
3.9

154.2
6.9
5.6

153.3
2.8
-6.0

27
28
29
30
31

39.1
38.5
.4
.1

19.0
13.4
3.9
1.5
.2

31.7
32.2
-1.0
.3
.1

49.7
49.4
-.1
.2
.2

38.1
44.4
-9.1
2.7
.1

43.7
45.7
-.4
-1.8
.2

55.2
53.6
.8
.6
.3

43.6
43.1
-.4
.6
.3

56.2
54.9
-.5
1.5
.2

59.4
57.2
-.3
2.2
.2

52.2
52.8
-1.9
1.1
.2

65.2
62.6
-.1
2.5
.2

COMMERCIAL BANKING
COMMERCIAL BANKS
BANK AFFILIATES
FGN. BANKING AGENCIES
B A N K S IN U . S . P O S S E S I O N S

27
2ft
29
30
31

32
33
34
35

45.5
4.3
10.1
1 .4

47.8
3.2
9.8
1.5

49.9
4.1
11.3
1 .5

75.2
9.8
29.4
2.9

52.5
5.0
17.2
1.1

78.2
12.6
32.3
2.3

76.1
11.8
30.0
2.6

66.4
6.5
29.6
3.0

79.5
8.5
25.9
3.4

81.4
12.0
34.8
3.2

89.4
11.2
35.1
3.3

91.3
10.1
37.9
3.0

PVT. NONBANK FINANCE
MUTUAL SVGS. BANKS
SVGS. ♦ LOAN A S SOCIATIONS
CREDIT UNIONS

32
33
34
35

36
37
38
39

9.0
2.7
5.8
4.5

8.4
2.6
6.0
5.2

9.0
4.8
6.9
6.5

11.7
4.3
7.4
6.8

8.7
4.7
8.6
5.1

11.7
3.4
6.6
7.8

11.3
4.8
9.4
7.2

11.7
4.3
4.3
5.8

12.1
4.9
9.1
6.5

14.4
5.2
4.9
3.2

10.9
5.3
7.6
11.4

13.2
5.6
5.8
7.4

LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
PVT. PENSION FUNDS
S.* L .GOVT. RTR. FUNDS

36
37
38
39

40
41
42

5.2
2.4
-.1

7.7
3.4
.2

1.6
1 .6
2.6

3.9
.3
-1.5

-1.3
.8
2.6

4.9
-2.5
-1.0

2.9
1.3
-5.3

1.4
.8
-1.0

6.2
1.7
1.4

10.4
-3.9
-2.7

5.8
.4
-1.5

9.0
-.8
•

finance

INVES T M E N T COS*
BROKERS ♦ DEALERS

40
41
4?

43

2.4

1.3

11.0

22.9

25.6

28.1

33.0

22.3

17.1

-2.8

11.2

WORLD

4"

182.9

27.3
CLAIMS

TOTAL

AND

THEIR

RELATION

TO

TOTAL

FINANCIAL

U.S.

GOVERNMENT

23

FINANCIAL INSTITUTIONS
SPONSORED CREDIT AGENCIES
FEDERAL RESERVE SYSTEM

companies

OPEN-END
SECURITY
REST

OF

THE

ASSETS

1

112.9

122.8

114.7

1*>6.0

120.1

115.4

171.2

190.1

185.5

157.4

184.7

2
3

2.1
.4

.3
.3

-2.5
.6

-1.7
.5

-1.9
.3

-2.5
.4

-.7
.6

-3.7
.5

•
.5

-.3
.7

.2
•6

4
5
6
7
8

48.4
35.7
14.9
20.7
12.7

7.2
-.8
8.6
-9.3
7.9

66.7
49.7
11.8
38.0
17.0

100. b
59.8
18.4
41 .4
40.8

89.8
63.6
19.5
44.1
26.2

117.8
65.8
4.9
60.9
52.0

104.7
62.3
29.4
32.8
42.4

74.4
38.9
6.5
32.4
35.4

105.4
72.0
32.7
39.3
33.5

107.0
49.4
11.7
37.7
57.6

99.4
57.9
11.5
46.3
41.5

106.7
61.6
15.2
46.4
45.1

9

19.9

20.7

24.7

26.9

26.4

27.8

28.2

23.7

27.8

18.2

33.6

26.6

INSURANCE

10
11
12
13
14

4.4

-4.7

12.0
3.0
-2.0
19.4

lb.6
-3.1
-3.2
32.5

-.5
7. 1
-2.1
-4.9
5.3

2.7
3.8
3.8
-3.2
14.3

6.4
3.1
-.3
-4.9
-6.4

2.9
4.5
2.9
-4.3
20.0

.5
-.9
9.2
-3.6
-7.0

.5
4.5
2.1
-2.2
34.9

6.9
7.3
1.1
-2.4
9.6

13.6
15.2
-.6
-3.2
30.2

10.9
9.5
-4.3
-4.1
13.3

12.1
10.3
2.3
-3.1
16.1

SECURITY CREDIT
TRADE DEBT
PROFIT TAXES PAYABLE
NONCORP. PROPRIETORS*
MISCELLANEOUS

37.2

-2.4

INTERBANK

15

4.4

2.7

S .3

5.0

-.2

11.9

14.0

3.6

-9.5

-18.5

16

224.8

192.U

214.2

318.7

232.3

296.6

316.0

328.3

332.3

319.7

17
18
19

.4
.2
-3.7

- .b
.4
-2.9

*

«

1.1
-.1

-.1
.8
1.0

1.6
1.5

-.8
.8
-1.8

.8
-.1
.5

.1
1.7
.9

-.3
1.3
4.3

1.2
1.8
-4.9

20
21
22

.2
.7
7.1

.2
.1
15.2

-.1
1.7
-5.0

*
2.4
8.5

-.1
2.3
7.0

•
3.5
2.4

.1
1.3
16.7

«

3.6
«

2.6
8.4

-.4
.6
14.5

23

219.8

179.5

21ft.6

30b.1

225.6

289.1

309.0

307.5

315.9

307.0

1 1 1/72

IS R A S E D ON P R F L T M I N A W Y




AND

«

INCOMPLETE

24
25
26

TOTAL CREDIT MARKET DEBT
(FROM P R E C E D I N G TABLE)
OTHER DEBT FORMS—
-.5
FOREIGN EXCHANGE
.4
TREASURY CURRENCY

1

2
3

D E P O S I T S AT F I N A N C I A L I N S T S
BANKING SYSTEM
DEMAND DEP. ♦ CURRENCY
TIME ANO SVGS.DEPOSITS
SAVINGS INSTITUTIONS
♦

4
5
6
7
8

PENSION RESERVE

EQ.

CLAIMS

9
10
11
12
13
14
15

381.1
351.4
TOTAL DEBT ABOVE
D E D U C T — F L O A T S N O T I N C L U D E D IN A S S E T S
1.5
1 .1
DEMAND OEPOSITS-U.S.GOVT.
3.0
2.2
OTHER
-5.9
-2.5
TRADE CREDIT
D EDUCT — L I A B I L I T I E S NOT ALLO C A T E D AS ASSETS
TREASURY CURRENCY
-.1
-.1
.2
1.4
taxes payable
-2.6
-.2
MISCELLANEOUS

20
21
22

383.7

23

350.6

TOTALS ALLOCATED
AS A S SETS

TO

SECTORS

16
17
18
19

INFORMATION.

(I)

Includes corporate equities.

7 N O V E M H F K 1972
. SAtfJNfr H Y i N C X l V I U L i H S

BY
AMOUNT

SEASONALLY

ADJUSTED

AMMiiAL

196«

YEAR
196*

TOTALS
1470

W/l

I
2
3

72.4
1 2 .a
30.4

62.6
3.6
6.1

67.1
*.3
•»4 .5

9h.3
H.6
73.

4
5
6
7
8

3.5
.4
2.8
1.4
-.2

27.3
-•*
8. 1
4.3
7 .b

^.6
.3
-7.3
2.6
?.o

- 1 m . <>

9
10
11
12

4.8
2.0
♦.7
-12.3

5.7
5.9
5.5
—■
9. 6

13
14
15
16
17

4.6
2.9
6.4
6.0
5.9

18
19
20
21
22

ANH

INDIVIDUALS

C O m P Q S I T I O N OF I N D I V I D U A L S *
f^ I L L I 8 N S O F D O L L A R S )

PATFS

SAVING

(1)

27

SEASONALLY
r
1

1970
IV

I
1

1971
I

II

IV

III

1
1

ADJUSTED

1972
II

I

AN«*ML

RATES

III

87.9
15.1
100.9

99.0
6.6
65.1

90.6
-1.4
57.3

10^.1
11.1
70.6

103.0
12.5
92.1

126.1
-2.0
73.1

124.8
7.8
83.8

-14.3
-S.H
4.4

-9.5
1.7
-20.0
-3.5
1.6

-63.5
1.9
-40.7
-16.4
5.0

-6.2
2.7
-11.3
-*.5
4.5

3.4
2.4
-16.4
.9
7.2

-10.8
2.6
-9.0
-1.2
3.0

-27.1
3.2
-20.6
-5.3
4.2

16.4
3.4
-.2
2.2
7.0

-2.7
3.1
-4.0
-.1
7.4

SECURITIES
U.S. SAVINGS BONDS
O T H E R U.S. T R E A S U R Y SEC.
U.S.G AGENCY SECURITIES
STATE ♦ LOCAL OBLIGATIONS

1^.4
-1.6
? •6
-S.2

7.6
-3.9
1.3
-6.5

15.5
1. 6
.7
-6.4

11.2
-7.7
-2.0
-12.9

7.0
-4.1
2.7
-3.4

9.0
.2
2.0
-2.0

3.1
-4.0
2.5
-7.8

4.1
-3.8
-2.7
-6.1

2.9
.3
2.0
-1.2

»
-1.9
.5
-7.8

CORP. AND FORE I G N BONDS
COMMERCIAL PAPER
I N V E S T M E N T CO. S H A R E S
OTHER CORPORATE STOCK

4.6
2.9
6.3
6.6
4.9

5.1
3.3
7.1
9.2
6.0

6.6
3.3
7.3
9.8
6.5

5.5
3.3
8.A
8.8
6.1

6.1
3.3
8.2
10.3
7.6

6.6
3.3
7.5
10.8
3.4

6.6
3.3
5.1
8.5
7.7

6.8
3.3
-8.2
9.5
7.4

7.2
3.3
3.2
4.5
7.3

7 .?
3.3
7.4
15.6
5.1

7.5
3.3
5.4
10.4
9.2

132.5
21.1
26.7
84.0
.6

143.0
22.0
29.2
90.8

167 . 7
25.8
35 ,6
103.5
2.5

138.7
20.7
31.1
87.5
-.6

159.0
22.3
33.1
99.8
3.9

164.9
25.3
35.1
101.9
2.7

172.5
26.7
37.2
106,1
2.5

174.2
29.2
37.9
106.1
1.0

182.6
29.6
40.8

1.1

140.9
19.6
30.6
90.5
.1

186.3
32.4
40.6
113.9
1.4

194.1 G R O S S INV. IN T A N G I B L E A S S E T S
33.4
NONFARM HOMES
41.4
NONCORP BUS.CONSTR ♦ EQUIP.
118.4
CONSUMER DURABLES
.9
INVENTORIES

18
19
20
21
22

23
24
25
26

95.3
8.3
19.6
67.4

104.5
8.7
21.3
74.6

112.2
9.0
22. 6
80.6

121.2
9.4
24.5
87.3

115.2
9.1
23.0
•3.1

117.8
9.3
23.7
84.8

119.9
9.3
24.2
86.4

122.3
9.4
24.8
88.1

124.8
9.5
25.4
90.0

127.1
9.6
25.8
91.7

131.3
26.8
93.5

131.6
9.8
26.5
95.3

CAPITAL CONSUMP. ALLOWANCES
NONFARM HOMES
NONCORP.BUS. PLANT ♦ EQUIP.
CONSUMER DURABLES

23
24
25
26

27
28
29
30
31

37.2
12.8
7.1
16.7
•6

38.5
13.3
7.9
16.2
1. 1

28.7
10.6
8.1
9.9
.1

46.4
16.5
11.3
16.2
2.5

23.5
11.6
8.1
4.4
-.6

41.2
12.9
9 .4
15.0
3 .9

45.0
16.0
11.0
15.5
2.7

50.1
17.3
12.4
18.0
2.5

49.3
19.7
12.5
16.2

1.0

55.4
20.1
15.0
19.3
1.1

57.0
21.5
13.8
20.4
1.4

62.5
23.6
14.9
23.1
.9

N F T INV. IN T A N G I B L E A S S E T S
NONFARM HOMES
NONCORP BUS.CONSTR.* EQUIP
CONSUMER DURABLES
INVENTORIES

27
28
29
30
31

32
33
34
35
36
37
38

43.3
14.9
6.6
11.1
2.1
1.3

41.6
16.2
6.9
9.3
-2.5
2.6
9.0

32.8
12.5
8.0
4.3
-1.9
2.3
7.5

59.6
24.5
11.3
10.4
2.1
1.0
10.3

32.8
12.9
9.6
.4
1.3
1.6
7.1

40.7
13.9
10.2
4 .0
1 .8
.9
9 .8

5 9.0
23.4
11.3
9.*
3.t
.9
11.4

64.2
29.1
12.2
12.6
.6
1.1
8.7

73.7
31.7
11.4
14.5
3.0
1.0
12.2

76.6
27.5
12.6
13.9
8.2
.7
13.6

86.2
37.0
13.1
17.5
6.9
1.3
10.3

93.1
41.8
13.5
18.6
6.3
1.0
12.0

I N C R E A S E IN D E B T
MTG. DEBT ON NONFARM HOMES
N O N C O R P BUS. MTG. DEBT
CONSUMER CREDIT
SECURITY CREDIT
POLICY LOANS
OTHER DEBT

32
33
34
35
36
37
38

I N D I V I D U A L S A V I N G (1*27-32)
LESS- GOVT.INS* PEN RESERVES
N E T INV, IN C O N S . D U R
CAPITAL GAINS DIVIDENDS
F R O M INVEST. COS.
NET SVG. BY FAR M CORPS.
EQUALS PERS SAVING* F/F BASIS
P E R S O N A L SAVING* NIA BASIS
D I F F E R E N C E (44-45)

39
40
41

i
•
l
i
1 "4
1 ♦
1

68.5
5.3
60.2

111.0
1.1

11.0

39
40
41

66.3
6.0
16.7

59.6
6.6
16.2

82.9
9.2
9.9

83.1
9.6
16.2

79.2
8.8
4.4

88.5
10.3
15.0

85.1
10.8
15.5

76.5
8.5
18.0

81.7
9.5
16.2

81.9
4.5
19.3

96.9
15.6
20.4

94.2
10.4
23.1

42
43
44
45
46

2.5
•
41.2
39.8
1.4

2.5
•
34.2
38.2
-4.0

.9
-.2
63.1
54.8

•
56.5
60.9

.8

8.2

- 4 .b

-.4
-.2
66.6
59.2
7.4

.1
-.1
63.2
59.3
3.9

1.2
-.1
57.6
64.1
-6.5

1.2
•
48.8
61.0
-12.2

.6
•
55.4
59.3
-3.9

1.0
•
57.0
55.7
1.4

1.4
•
59.4
50.2
9.2

1.2
.1
59.4
51.3
8.2

FOR

HOUSEHOLDS*

( I )C O M B I N E D

1 1 1 / 7 2 IS B A S E D ON P R E L I M I N A R Y




A ND

INCOMPLETE

INFORMATION.

STATEMFNT

FARM*

AND

INCR. IN F I N A N C I A L
CURR. AND DEMAND
SAVINGS ACCOUNTS

ASSETS
DEPOSITS

PVT. L I F E INS. R E S E R V E S
PVT. INSURED PEN. RESERVES
PVT. N O N I N S U R E O PEN. RES.
G O V T . INS. ♦ PEN. R E S E R V E S
MISC. f i n a n c i a l a s s e t s

NONFARM

NONCORPORATE

BUSINESS

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

42
43
44
45
46

7 N O V E M B E R 1972
DISCREPANCIES

DISCWANtlET
D I S C R E P A N C I E S - S U M M A R Y FO R S E C T O R S
( M I L L I O N S OF D O L L AR S)

SEASONALLY

ADJUSTED

ANNUAL

YEAR
1969

TOTALS
1970

7.7
-1.4
10.3
-1 .1
-.5
.ft

18.5
3.9
12.b
2.1
-2.0
.4

.4

7
8
9

-.2
.6

2.0
.9

10
11
12
13
14
15
16

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

1. 1
.1
.1
•
.1
.4

2.3
-M. 1
f> * 9
3 . ft
-1.0

SEASONALLY
19 7 0

|

IV

I

17.3
4.6
19.a

I

-10.8
.7

6.6
-0.4
10.0
2.0
-1.9
-1.7

11.7
-3.0
12.3
4.3
-4.1
1.7

11.6
6-3
11.4
3.2
-9.1
2.9

25.8
1 1 .6
2ft.7
4.8
-20.1
.8

20.2
3.4
28.6
1 .1
-9.9
-2.7

17.7
-1.4
9.1
7.3
3.3
1.3

-2.1
-9.2
13.9
1.5
-4.3
-1.2

2.9
-9.2
14.4
4.0
-5.5
-.7

.s
1.0

-.3
#
.3

6. 7
*
1 .6

.5
•
.9

-3.0
•
-.2

1.9
.2

-.4
*
.1

-1 .9
•
.6

-2.8
.6

-1.1
.3

-.5
.1

- .b
«

.2
.1
-1.2

-.1
-1.1
*
.3

-2.8
-.3
.b
-.6
-.4
-.4
-1.9

1.7
-1.3
.7
1.0
-.5
.1
1.7

-.5

.4

5.1
.1
.9
1.1
.8
-.2
2.4

-.3
1.3

.4

-.6
.1
-1.7
-.5
2.1

-2.5
1.1
.5
-1.8
-1.4
-.5
-.5

-3.4
-.1
1.0
-1.1
-.4
-.5
-2.3

-1.4
-1.0
.6
-.7
-1.1
-.6
1.4

25.8
.1

20.2
•

17.7
-.4

-2.1
-.1

2.9
-.1

3.4

7.7
.2

18.3
.2

2.3
-.1

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

17.3
4»

6.7
«

-.1
.8

*
1.6

-.8
.8

.8
-.1

.1
1.7

-.3
1.3

1.2
1.8

1 .1
2.2

1.5
3.0

11.7
-.1

11.6
«

3
4

.4
.2

-.6
.4

5
6
7
8

-3.7
.7
7.1
2.7

-2.9
.1
15.2
5.9

-.1
1.7
-S.O
4.7

1.0
2.4
H.5
4.6

1.5
3.6
«
•

-1 .8
2.3
7.0
4.2

.5
3.5
2.4
4.6

.9
1.3
16.7
5.0

4.3
2.6
8.4
3.8

-4.9
.6
14.5
4.9

-5.9
.2
-.2
.4

-2.5
1.4
-2.6
2.1

9
10
11
12

-2.7
«
«
*

-6.1
*
•
-.1

-4.7
*
«
.1

-4.5
.1
*
.2

-1.0
.7
.3
*

-3.2
-.8
-.2
«

-4.8
.4
-.2
*

-5.5
.5
.1
•

-4.3
.2
.3
-

-4.9
•

-.5
•

-2.1
*

13

2.7

5.9

4.7

0.6

»

4.2

4.6

5.0

3.8

4.9

*4

2.1

14

-3.7

-2.9

- .1

.9

.4

.7

1.2

1.2

.7

-3.7

15
16
17
18

•

•

«

.1
-2.5
~

*

•1
*

-.3
1.4

»

•

- .1
«

-.6
-

-.3
-

-.2
3.8
-

-.1
-l.l
-

-3.7

-2.9

1.5

-1.8

.5

.9

4.3

-4.9

19
111/72

-

IS

RASED




•
-.1

ON P R E L I MINARY

.1
•
1.0
AND

INCOMPLETE

ANNUAL

RATES

T O T A L # ALL S E C T O R S
HOUSEHOLDS
CORPORATE BUSINESS
STATE ♦ LOCAL GOVTS.
FOREIGN

u. s.

1
2
3
4
5
6

government

FINANCIAL SECTORS
MONETARY a u t h o r i t
COMMERCIAL BANKS

7
8
9

ies

NONRANK FINANCE
SPONSORED AGENCIES
SVGS ♦ LOAN ASSNS.
MUTUAL SVGS BANKS,
LIFE INSURANCE
other

10
11
12
13
14
15
16

insurance

FINANCE

N.E.C.

DISCREPANCIES

•
1.1

-

ADJUSTED

1972
II

DISCREPANCIES

TRANSACTION

1
2

TRANSACTIONS

»ATFS

SECTOR

1
2
3
4
5
6

AN D

INFORMATION.

-

-

6.5

-2.8

-.3

-1.0
1.3
-

•

9

-

5 .9

-

2.5

TOTAL t ALL TYPES
TREASURY CURRENCY
D E M A N D DEPOSIT MAIL
U . S. G O V E R N M E N T

1
2
FLOATS!
3
4

other

TRADE

CREOIT

taxes

p ayable

S
6
7
8

MISCELLANEOUS
NONFINANCIAL

NONFINANCIAL COMPONENTS
GNP DISCREPANCY (NEG*)
NONFARM NONCORP DISCREP)
FARM DISCREPANCY
TRADE DEBT
(POSITIVE)
TOTAL

NONFINANCIAL

(NE6.
(N£6.

9
10
11
12

DISCREPANC

13

TRADE CREDIT ANALYSED
FIRST ESTIMATE
TO W H I C H IS A D D E D —
BANK LOAN DISCREPANCY
AD HOC A D J U S T M E N T
BALANCE ADJUSTMENT
SEASONAL
TOTAL

TRADE

CREDIT— FINAL

14
15
16
17
18
19

'*