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F/F Unadj
IE /7 3
Lit

y

November 7, 1973




Flow of Funds,
Unadjusted
3rd Quarter, 1973
Preliminary

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

TABLE LIST

SUMMARY TABLES
1 .

Funds Raised in Credit Markets
Private Domestic Net Investment and Borrowing in
Credit Markets

2 .

Credit Market Supply of Funds

SECTOR TABLES

•

3.

Households

4.

Total Nonfinancial Business & Noncorporate Business

5.

Corporate Business

6 .

Governments

7.

Banking System

S .

Commercial Banking Subsectors

9.

Nonbank Finance Summary
Savings Institutions

1 0 .

Insurance Companies and Pension Funds

1 1 .

Finance N.E.C.

1 2 .

Rest of the World

®

•
TRANSACTION TABLES
13.

Monetary and Insurance Reserves
Interbank Claims

14.

Money and Deposits

15.

U.S. Government Securities

1 6 .

Private Securities and Mortgages

17.

Mortgages by Type

18.

Consumer Credit and Bank Loans N.E„C.

19.

Other Loans, Including Open-Market Paper

2 0 .

Security Credit, Trade Credit, and Taces

21 - 2 2 .




®

®

Miscellaneous Financial Claims

2 5 .

Total Claims--Recapitulation by Type

24.

Saving by Individuals

^
"

Not Seasonally Adjusted

Flow of Funds Accounts, Third Quarter 1973

These tables present first estimates of third quarter
flow of funds data together with revisions for the first two
quarters of 1973,
Earlier data are unchanged from the August
17 publication except in a few cases noted on the next page.
Revisions for the first two quarters of the year
reflect the usual source information, listed in the following
paragraph, that are not available for first preliminary esti­
mates,
In addition, they include sizable revisions of commer­
cial banking data, both assets and liabilities, that reflect
June 30 banking totals for bank Call Report tabulations.
These
banking revisions are larger than usual and affect many items
in financial flows throughout the tables.
Third-quarter figures are based on early indicators
and are therefore highly tentative, particularly in the distri­
bution 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, hou s e ­
hold investment in securities, and distribution of liquid
assets as between households and business.
Also missing at
the time the accounts were put together were balance of
payments statistics, final income-and-product data, endof-quarter balance sheets for insurance companies, mutual
savings banks, pension funds, and investment companies, and
the Treasury survey of ownership of Federal securities.
Requests for seasonally adjusted and for historical
annual tables 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.




7. NOVEMBER 1973
CREDIT MARKET SUMMARY

CREDIT MARKET SUMMARY

1

TOT#L

UNAOJUSTED

1971

QUARTERLY

1972

FUNDS

RAISED

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

FLOWS
I
I

1

QU ARTERLY FLOWS

UNADJUSTED
1971
III

II

SECTORS

I.

IV

FUNDS

I
I

1*72
I

RAISEO*

BY

II
TYPE

AND

III

IV

I
I

J

1q 73
II

III

SECTOR

1
2

146,698
134,970

166.115
156.131

38,377
34,788

41.434
37.631

46,649
44,166

26,975
24.886

37,027
33,898

39,256
36,780

62,857
60,567

46,525
44,289

47.144
44.97?

37,390
36.666

TOTAL FUNDS RAISED
BY NO NF IN AN CI AL SECTORS
EXCLUDING EQUITIES

I
2

3
4
5

25.500
26,023
-523

17.317
13,919
3,398

1.820
1,876
-56

9.603
9,536
67

12,503
12.311
192

4.293
3.725
568

-5.651
-6,012
361

5,738
4,596
1,142

12.937
11.610
1,327

8.839
8.201
638

-5.92?
-5.941
19

-421
-1.141
720

U.S. GOVERNMENT
PUBLIC DEBT SECURITIES
BUDGET AGENCY ISSUES

3
4
5

6
7
8

121,198
11.728
109,470

148.798
9,984
138,814

36,557
3,589
32,968

31,831
3,803
28,028

34.146
2.483
31.663

22.682
2.089
20.593

42,678
3,129
39,549

33,518
2,476
31,042

49,920
2,290
47,630

37.686
2.236
35.450

53.066
2.172
50.894

37,811
724
37,087

ALL O T HE R NO N F I N A N C I A L
CORPORATE EQUITIES
DEBT INSTRUMENTS

6
7
8

9
10
11
12
13
14
15
16

83.1*4
16,626
19.747
46.811
26.048
8.772
9.980
2.011

92.429
11,930
13,213
67,286
39,657
10,268
14,781
2,580

21,740
4,447
5,667
11.626
6.457
2.440
2.266
463

21,983
3,909
3,895
14.179
8.502
2.183
2.943
551

21.831
3.204
4,437
14,190
8,070
2,519
3,158
443

19.280
3.615
3.258
12.407
6.942
1,925
2,906
634

24,015
2.975
4.234
16.806
10.013
2,435
3,491
867

24,762
3,053
2,909
18,800
11,650
2,514
4,001
635

24,372
2,287
2,812
19,273
11,052
3,394
4,383
444

18.415
1,529
1,737
15,149
8,206
2,824
3.119
998

27.386
2.837
3.573
20.976
11.610
4,060
4,027
1.279

23.843
978
2,038
20,827
11.576
3.446
4,629
976

DEBT CAPITAL INSTRUMENTS
S. ♦ L. G O V E R N M E N T S E C S *
CORPORATE ♦ FOREIGN BONOS
MORTGAGES
tfOME M O R T G A G E S
OTHER RESIDENTIAL
COMMERCIAL
FARM

9
10
11
12
13
14
15
16

17
18
19
20
21

26.286
9.313
11.231
-894
6,636

46,385
21,777
19,170
-1,565
7,003

11.228
6,430
3,693
-1.181
2.286

6.045
2,033
3,632
920
-540

9,832
4,732
5,426
-1,810
1,484

1,313
-1,068
-515
485
2.411

15,534
8,240
5,933
-127
1,488

6,280
1.356
5.164
-1.063
823

23,258
13,249
8,588
-860
2,281

17.035
13.879
1.756
-1.724
3.124

23.508
13.079
7.763
519
2.147

13.244
5.783
5.952
826
683

OTHER PRIVATE CREDIT
BANK LOANS N.E.C.

17
18
19
20
21

22
23
24
25
26
27
28
29
30

121.198
109.470
5.698
16.991
38.320
48.461
4,098
8.694
35.669

148.798
138,814
3,844
12.275
63,316
59.379
4,857
10.373
44.149

36.557
32.968
1.560
4.379
11.524
15.505
1.746
2.853
10.906

31,831
28,028
1,885
4.158
10.130
11.855
733
1.976
9.146

34,146
31,663
1,422
3,295
15,984
10,962
243
2,399
8,320

22.682
20.593
988
3.882
7.258
8.465
1.252
951
6.262

42,678
39,549
438
2,672
17.757
18.682
2,119
3,251
13,312

33.518
31.042
438
3.179
15.643
11.782
587
2.332
8,863

49,920
47,630
1,980
2,542
22,658
20,450
899
3,839
15,712

37.686
35.450
3.463
1.603
11.214
19,170
2,013
2,664
14,493

53.066
50.894
1.831
2.787
21,270
25,006
2.847
3.739
18.420

37.811
37,087
-655
928
18.182
18.632
1.577
3.647
13.408

31
32
33

11.728
27
11.701

9,984
-412
10,396

3.589
109
3.480

3.803
-7
3.810

2,483
-149
2,632

2.089
-46
2.135

3.129
-76
3.205

2,476
-81
2,557

2,290
-209
2,499

2,236
-166
2,402

2.172
-39
2.211

724
-50
774

34
35
36

5.725
60,162
47.370

3,432
69,775
54,545

1.669
18.985
14,386

1,878
15,665
12,956

1,273
13,594
10,952

942
10.600
8.397

362
21.887
16,517

357
14,339
11.420

1.771
22.949
18.211

3,297
21,572
16.895

1.79?
27.217
20.631

-705
19.406
14.182

37

3.194

499

4.316

1.267

1.258

-2.623

1,711

27

1.384

2.268

38
39

143.504
22.306

165,616
16.818

34.061
-2.496

40.167
8.336

45.391
11.245

29.598
6.916

35,316
-7,362

39,229
5,711

61.473
11.553

44.257
6.571

t ot al s

PRIVATE

OOMESTIC

NET

INVESTMENT

ANOi B O R R O W I N G

IN

CREDIT

c o n s u m e r

c re oi t

OPEN-MARKET
OTHER
BY

SECTORS

PAPER

BORROWING SECTOR*
DEBT INSTRUMENTS
FOREIGN
STATE ♦ LOCAL GOVERNMENTS
HOUSEHOLDS
NONFINANCIAL BUSINESS
FARM
NONFARM NONCORPORATE
CORPORATE

22
23
24
25
26
27
26
29
30

CORPORATE EQUITIES
FOREIGN
CORPORATE BUSINESS

31
32
33

TOTALS INCLUDING
FOREIGN
NONFINANCIAL
CORPORATE

EQUITIES
34
35
36

BUSINESS

-377
-5.064 MEMOS U.S. GOVT. CASH BALANCE
N E T O F C H A N G E S I N U . S . 6 0 V T . CASH BA LA N C E S —
47.521
42,454 TOTAL FUNDS RAISED
-5.545
4.643
BY U.S. GO VE RN ME NT

MARKETS

TOTAL* HOUSEHOLDS ♦ BUSINESS
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)
NET PHYSICAL INVESTMENT

1 252.501
2 178.972
73.529
3

291.110
193.444
97.666

64,556
44,296
20,260

61,920
45,134
16,786

69,539
45.953
23,586

63.816
46.761
17.055

73,595
48,378
25,217

72,373
48,502
23.871

81,326
49.803
31.523

74,847
50,848
23,999

84.001
51.925
32.076

81.840
52.938
28.902

4
5

98.482
-24,953

133.091
-35.425

30,509
-10,249

25,795
-9.009

29,578
-5,992

17.858
-803

39,644
-14,427

29.982
-6.111

45.607
-14,084

32,786
-8.787

48.487
-16.411

37.568
-8.686

NET FUNOS RAISED
EXCESS NET INVESTMENT

6
7
8

116.565
80.278
36.287

133.345
87.564
45.781

31,575
19,844
11.731

28,178
20,240
7,938

29,230
20.631
8.599

29.700
21.057
8.643

35,278
22,048
13,230

33.154
21.923
11.231

35,213
22,536
12,677

34,549
22,937
11,612

39.662
23.390
16.272

38.127
23.755
14.372

TOTAL BUSINESS
TOTAL CAPITAL OUTLAYS
CAPITAL CONSUMPTION
NET PHYSICAL INVESTMENT

9
10
11

48.461
11.701
-23.875

59,379
10,396
-23,994

15,505
3,480
-7,254

11,855
3,810
-7,727

10,962
2,632
-4,995

8.465
2.135
-1.957

18.682
3.205
-8.657

11.782
2.557
-3.108

20,450
2,499
-10,272

19,170
2,402
-9,960

25.006
2.211
-10.945

18.632
774
-5.034

12
13
14

86.745
57,686
29.059

100,660
62,818
37,842

23,549
14.284
9.265

20,147
14,551
5,596

22,638
14,798
7,840

22.351
15.120
7.231

26,516
15,784
10,732

24,529
15,725
8,804

27,264
16,189
11,075

25,755
16,482
9.273

29.560
16.763
12.797

28.189
17.091
11,098

15
16
17

35.669
11.701
-18.311

44,149
10,396
-16.703

10.906
3.480
-5,121

9,146
3,810
-7,360

8,320
2,632
-3,112

6.262
2.135
-1.166

13.312
3.205
-5.785

8,863
2,557
-2,616

15,712
2,499
-7,136

14.493
2.40 2
-7.622

18.420
2.211
-7.834

13,408
774
-3,084

18
19
20

135.936
98.694
37.242

157.765
105,880
51.885

32,981
24.452
8.529

33,742
24,894
8,848

40,309
25,322
14.987

34.116
25.704
8.412

38,317
26,330
11,987

39,219
26,579
12,640

46.113
27.267
18.846

40.298
27,911
12,387

44,339
28,535
15,804

43,713
29,183
14,530

21
22

38.320
-1.078

63.316
-11,431

11.524
-2.995

10.130
-1,282

15.984
-997

7.258
1.154

17,757
-5,770

15,643
-3,003

22.658
-3,812

11,214
1.173

21,270
—5.466

18,182
-3.652

23
24
25
26

-6.701
4.784
2.573
1.734

-14,294
4,464
2,701
4,302

-2.138
658
654
2.169

-2,270
-484
716
-756

-1.995
2.109
664
1.775

-2.357
2.475
552
-484

-4,394
372
682
2,430

-3,988
205
714
-66

-3,555
1,412
753
2,422

-2.567
3.003
564
-173

-4,458
803
720
2.531

-2.476
-21
795
1,950




(3)

NET DEBT FUNDS RAISED
CORPORATE EQUITY ISSUES
E X C E S S N E T I N V E S T M E N T (3)
CORPORATE BUSINESS
TOTAL CAPITAL OUTLAYS
CAPITAL CONSUMPTION
NET PHYSICAL INVESTMENT
NET DEBT FUNDS RAISED
CORPORATE EQUITY ISSUES
E X C E S S N E T I N V E S T M E N T (3)
HOUSEHOLDS
TOTAL CAPITAL OUTLAYS
CAPITAL CONSUMPTION
NET PHYSICAL INVESTMENT
NET FUNDS RAISED
E X C E S S N E T I N V E S T M E N T (3)
OF WHICHl
HOUSES LESS HOME MORTGAGES
OURABLES LESS CONS. CREDIT
NONPROFIT P*E LESS MORTGAGES
LESS! UN A L L O C A T E D DEBT

(1)

CAPITAL OUTLAYS ARE TOTALS FOR RE SI DE NT IA L AND NO NR ES ID EN TI AL
F I X E 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 *
EXCE PT OUTLAYS BY FI NA NC IA L B U SI NE SS ,

(2)

CAPITAL CONSUMPTION INCLUDES AMOUNTS FOR CONSUMER DURABLES
AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION,

(3)

EXCESS

111/73 FIGURES ARE TE NT AT IV E ES TI MA TE S BASED ON INCOMPLETE INFORMATION,

37
38
39

OF

NET

INVESTMENT

OVER

NET

FUNDS

RAISED,

1
2
3
4
5

6
7
8
9
10
11

12
13
14
15
16
17

18
19
20
21
22
23
24
25
26

CREDIT M A R K E T SUPPLY OF FlJNns

CREOIT MA RK ET SUPPLY OF FU&IDS

2

DIRECT

UNADJUSTED

QUARTERLY

1

1972

134.970

156.131

I N DI RE CT S O U R C F S OF F U N D S
( M I L L I O N S OF D O L L A R S )

FLOWS

UNADJUSTED

1971

AND

,

II

|

34.788

III

3 7 .f>31

IV |

44.166

19?2

I

24.886

CREDIT

III

36.780

IV

60.567

MARKETS

2

QUARTERLY^FLOWS

,

II

33.898

TO

1971

I

I

44.289

II

III

TOTAL FUNDS
36.666

44.97?

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
8Y

2
3
4
5
6

41.287
33,417
5.656
-2.679
4.893

16,894
7.328
5.228
43
4.295

8.286
7.227
1.395
-P . 449
2.113

13.410
9.782
2.045
39b
1.187

9.5^0
7.851
1.762
299
-332

5.484
4.510
1,537
-1 . 9 4 4
1 ,381

3.449
1.375
1.278
83
713

4,783
1.801
1.259
661
1 .062

3.178
-358
1.154
1 .243
1.139

15.916
11.777
975
441
2.723

4.612
-1.336
1.247
2.725
1.976

8.131
-629
3.399
3.153
2.208

7
8
9
10

3.222
2.802
8.848
26.415

2.313
6.013
184
8.384

956
-1.136
1.101
7.365

626
1.31b
2.108
9.360

444
2.397
3.359
3.380

820
1.853
-184
2.995

-53
1.624
1.629
249

1.056
300
-1.718
5.145

490
2.236
457
-5

471
3.113
4.127
8.205

-237
5.859
1.179
-2.189

1.063
7.022
489
-443

11

4.296

6.182

313

2.017

1 .455

1 .392

2.115

1.083

1 .592

2.684

5.874

7.605

PUBLIC

97.* 9 7 9
-3,, 5 4 9
16., 6 2 6
19., 4 7 5
29., 0 9 2
33., 6 5 6
-2., 6 7 9

145,, 4 1 9
16,, 2 5 7
11.. 9 3 0
13,. 1 6 9
44,. 6 11
59,. 4 9 5
43

26., « 1 5
-5., 0 7 4
4., 4 4 7
5. ,731
7., 4 8 2
11., 7 8 0
-?. , 4 4 9

26,. 2 3 8
1,. 8 5 6
3,. 9 0 9
3,, 7 4 4
8,. 6 2 2
8,. 5 0 3
3^6

36. ,5 4 1
6,,6 2 1
3., 2 0 4
4., 4 1 6
8., 8 1 3
13., 7 8 6
299

20,. 7 9 4
1,. 1 9 4
3,. 6 1 5
3,. 1 8 9
7,. 3 1 1
3,. 5 4 1
-1«. 9 4 4

32., 5 6 4
-4,, 8 8 7
2,, 9 7 5
4,, 2 0 9
11., 1 4 6
19,, 2 0 4
83

33.,0 8 0
5.,0 41
3., 0 5 3
3.,0 51
12., 8 8 4
9., 7 1 2
661

58.981
14.909
2.287
2.720
13.270
27.038
1.243

31.057
-233
1.529
1.677
10.036
18.489
441

46.234
1.311
2.837
3.486
14.400
26.925
2.725

36.140
7.834
978
1.905
11.602
16.974
3.153

1

♦ FOREIGN

TOTAL NET AD VA NC ES
U.S. G O V E R N M E N T SE CU R I T I E S
RESIDENTIAL MORTGAGES
FHLB AD VA NC ES TO S*L'S
OTHER LOANS ♦ SECURITIES
BY A G E N C Y ?
U.S. g o v e r n m e n t
SPONSORED CREDIT AGENCIES
MONETARY AUTHORITIES
FOREIGN
AGENCY B O R R O W I N G NOT INCLUDED
IN L I N E 1

PRIVATE
12
13
14
15
16
17
18

AGENCIES

DOMESTIC

FUNDS

FINANCIAL

19
20
21
22
23

111.394
50.592
41 .4 51
14.061
5.290

150.191
69.711
48.660
15.997
15.823

31.882
17.277
11.666
2.714
225

21.216
7.363
9.724
3.723
406

41.331
? 3 •348
8.655
4.087
5.241

22.385
4.997
12.382
3.736
1 .270

35.545
16.919
12.251
3.374
3.001

36.828
15.220
13.148
5.129
3.331

55.433
32.575
10.879
3.758
8.221

37.557
17.019
13.606
6.313
619

49.893
27.443
11.816
5.288
5.346

31.689
14.926
7.020
6.691
3.052

24
25
26

111,394
90.821
9.249

150.191
97.828
20.207

31.882
23.897
-35

21.216
11.389
2.610

ul.331
^3.672
5.587

22.385
18.729
4.042

35.545
22.574
3.871

36.828
20.668
4.906

55.433
35.857
7.388

37.557
19.320
8.497

49.893
26.078
9.634

31.689
12.317
8.205

S O U R C E S OF F U N D S
PRIVATE DOMESTIC DEPOSITS
CREDIT MARKET BORROWING

27
28
29
30
31

11.324
-3.238
2.231
9.616
2.715

32.156
5.073
706
11.263
15.114

8.020
-611
3.892
1 .774
2.965

7.217
1 .462
5^8
2.808
2.439

2.072
-903
1 .249
3.030
-1.304

-386
837
-1.429
1.222
-1.016

9.100
1.731
343
2.894
4.132

11.254
1.737
387
4.137
4.993

12.188
768
1 .405
3.010
7.005

9.740
189
515
4.219
4.817

14.181
2.14?
-956
3.961
9.034

11.167
975
-2.224
3.992
8.424

32
33
34
35
36
37

-4., 1 6 6
-12.,958
-80
8.. 1 7 2
-633
1,. 3 3 3

15,, 4 3 5
4,,1)78
2,,141
4,,851
3., 7 3 8
627

-5.,102
-3,, 2 1 9
-705
2., 9 1 3
- 3., 7 3 5
-356

797
-889
-867
-20
290
2.. 2 8 3

2,,4 51
-369
798
2., 2 8 0
1., 8 6 4
-2., 1 2 2

890
-2,, 7 9 4
^64
1., 0 3 7
2., 0 5 3
330

1., 1 5 8
1., 8 6 2
352
1., 1 9 8
-2., 4 6 3
209

10.936
5.379
7?7
336
2.284
2.210

1 .997
2.770
570
624
-370
-1.597

5.975
2.225
77?
1 .28fi
727
963

12,656
8,849
385
1,062
1.855
505

DIRECT

38
39
40
41
42

94,. 2 1 3
81,. 2 1 5
7,. 6 6 4
32,. 9 3 4
4 0 ,. 6 1 7

102,. 2 4 0
85,. 7 1 2
8,. 7 1 0
31,. 0 2 5
45,. 9 7 7

25,. 5 8 2
17,. 1 3 4
122
5,. 8 3 8
11 ,. 1 7 4

36,. 3 7 8
19,. 7 7 4
1,. 9 1 8
8 ,. 7 6 7
9,. 0 8 9

17,. 6 7 9
24,. 1 4 4
-1 ,. 5 5 5
11.. 4 0 0
14,. 2 9 9

25,. 5 8 8
20,. 8 4 6
2,. 6 11
7,, 1 61
11,. 0 7 4

19,, 2 0 2
20,. 2 9 7
5,. 3 8 3
4,. 5 7 6
10,. 3 3 8

39.771
20.425
2.271
7.8A8
10.266

17.924
30.627
9.847
8.821
11.959

29,726
19,614
3.778
7.233
8.603

10.992
15.141
9,240
4,805
1,096

DEPOSITS

.783
.065
,176
.542

43
44
45

12,. 9 9 8
9,. 6 0 6
3,. 3 9 ?

16,. 5 2 8
12,. 1 1 6
4,, 4 1 2

8,, 4 4 8
6,. 7 6 3
1 ., 6 8 S

-3,. 4 2 1
-3,, 3 9 4
-27

16,. 6 0 4
!3,, 8 9 8
2,. 7 0 6

-6,. 4 6 5
-5,, 4 1 5
-1.. 0 5 0

4,, 7 4 2
1 ,, 7 2 8
3,, 0 1 4

-1,. 0 9 5
371
-1 ,. 4 6 6

19.346
15.432
3.914

-12.703
-11 .307
-1.396

10.11?
6.464
3.64fl

-4,149
-2,824
-1,325

46

90,. 0 4 7

117,, 6 7 5

2 0 ,>4 H 0

. 994
18 ,

<7,. 1 7 5

2 0 ,, 1 3 0

26,, 4 7 8

20,. 3 6 0

50.707

19.921

35,701

23,648

47
48
49

30,, S « 9
113,.6 91
23,. 1 7 7

10,. 8 2 0
1 0 3,,2 81
13,, 4 5 7

23, ,fll8
life,, 8 9 6
6,, 7 5 4

3 b ,. 635

,\

,. 69 0

22, ,036
10 7.,6 5 1
3., 8 3 2

1 0 ,. 1 7 4

13,. 0 0 4
111. . 3 3 0
6,, 8 8 2

5.247
93.984
763

35*. 9 3 6
120.929
8.394

10,255
107,914
-47

22,175
87.684
532

PPIVATE

11
14
4
3
7

.362

OTHER SOURCES
FOREIGN FUNDS
TREASURY BALANCES
INSURANCE ♦ PENSION
OTHER* NET

DOMESTIC

u.s.

113,, 1 0 8
2,. 4 7 7

CORPORATE- E Q UI TI ES

109,, 1 5 4
1,. 9 8 0

NOT

INCLUDED

g o v e r n m e n t

♦

12
13
14
15
16
17
18

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

INVESTORS
CR.

MARKETS

s e c u r i t i e s

32
33
34
35
36
37
38

CURRENCY

TIME ♦ SAVINGS ACCOUNTS
LA RG E NE G O T I A B L E CD»S
O T H E R AT C O M M E R C I A L BA NK S
AT S A V I N G S I N S T I T U T I O N S

39
40
41
42

MONEY
OEMANO DEPOSITS
CURRENCY

43
44
45

of

c r e di t

MENTS*

m ar ke t

DEPOSITS

♦

i ns tr u CURRENCY

P U B L I C S U P P O R T H A T E (*)
PVT. FINAN. IN T E R M E D I A T I O N
TOTAL FOREIGN FUNDS

<*>

46
47
48
49

ABOVF

1
2
3

14.660
1.181
13,479

11,973
-633
12,606

3,700
-348
4,048

4,453
216
4 .? 3 7

3.715
832
2.883

2.910
273
2.637

3.311
-679
3.990

2.739
-229
2.968

3.013
2
3.011

2.491
-338
2.«?9

2.325
-478
2.803

1.063
-237
1.300

4
5

19,235
-4,575

15,562
-3.589

5.374
-1 . 6 7 4

3.755
698

4.911
-1.196

2.923
-13

4.668
-1.357

2.119
620

5.852
-2.839

1.527
964

3.411
-1 . 0 8 6

2.484
-1.421

111/73 FIGURES ARE TENTftTTVF ES TI MA TE S BASED ON INCOMPLETE INFORMATION.




IN

RES.

STATE ♦ LOCAL OBLIGATIONS
CORPORATE ♦ FOREIGN BONDS
COMMERCIAL PAPER
OTHER

t ot al

80,. 8 5 9
10,. H ? 2

NONFINANCIAL
LENDING

11

INTERMEDIATION

CREDIT MARKET FUNDS ADVANCED
BY P R I V A T E F I N A N C I A L INSTS.
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
IN SU RA NC E ♦ PE N S I O N FUNDS
OTHER FINANCE

7,, 6 3 2
734
1,. 5 7 1
2,. 8 8 9
2,. 1 0 7
331-

7
8
9
10

ADVANCED

TOTAL NET ADVANCES
U.S. GO VE R N M E N T SECURITIES
STATE ♦ LOCAL OBLIGATIONS
CORPORATE ♦ FOREIGN BONDS
RESIDENTIAL MORTGAGES
OTHER MORTGAGES ♦ LOANS
LESS: FHLB A D VA NC ES

PRIVATE

2
3
4
5
6

TOTAL NET ISSUES
MUTUAL FUND SHARES
OTHER EQUITIES

1
2
3

ACQ. BY F I N A N C I A L I N ST IT UT IO NS
OTHER NET PURCHASES

4
5

7 NOVEMBER

197 3

HOUSEHOLDS

HOUSEHOLDS

3

SECTOR ST ATEMENTS OF SAVING AND INVESTMENT
(MILLIONS OF DOLLARS)
UNADJUSTED

QUARTERLY

UNADJU ST ED q u a r t e r l y FLOWS

FLOWS

II

IV

HOUSEHOLDS*

1 863.515
2 117.545
3
4

1 973

19/2

m i
I
i InI

I

I

PERSONAL

II

TRUSTS.

III

AND

IV

NONPROFIT

I

I

11

ORGANIZATIONS

939.161
142.205

P14.205
31.571

219.082
30.601

230.737
29.602

216.968
29.462

230.911
40.708

237.470
37.143

353.812
34.892

238.001
31.961

254.274
40.434

263.221
40.877

745.^70 796.956
6 8 5 . HI 1 7 4 7 . 2 1 2

182.634
170.484

2nl.l35
l«b.304
15,831
1,871
389
7,535

187.506
170.889
16.617
1.082
505
1.960

190.203
185.188
5,015
4.707
84
6,305

200.327
186.939
13.388
2.172
111
5.369

218.920
204.196
14.724
2.523
720
10.000

206.040 213.840 222.344
190.171 205.287 20 7. 49 6
-848
1 5 . 8 6 9- - -8 . -5 5-3 - 1- 4 .
1.597
1.756
5.309
167
485
300
5.931
4.759
6.566

PERSONAL INCOME
- PERSONAL TAXES

5
6
7
8

60.159
9.738
776
16.015

49.744
10.484
1 . 420
23.634

12,150
3,602
33
4,351

9
10
11

8 6 , ,688
9 8 , ,6 94
1 8 5 , ,3 82

85.282

20,136
24,452
44,588

22,478
24.894
47.372

25.626
25,322
50.948

20,164
25,704
45,868

16,111
26.330
42.441

21.040
26.579
47.619

27.967
27.267
55.234

22.869
27.911
50.780

22.728
28.535
51.263

22.543
29.183
51.726

12
13
14
15
16

,5 38
1
1 3 5 , , 9 36
2 6 , , 8 49
1 0 3 , .491
5., 5 9 6

44,231
32,981
5,525
26,030
1,426

48.643
33.742
7.009
25.234
1 .499

50.565
40.309
8.839
*0.001
1.469

48,205
34,116
7,979
24,772
1 ,365

47,761
38.317
7.370
2 9 .4-10
1.517

52.765
39.219
8.687
28,969
1 ,563

57.550
46.113
10.269
34.238
1 .606

51.962
40.298
9.269
29.606
1.423

57.596
44.339
8.76*
33.991
1,582

51.892
43.713
10.072
31.980
1.661

ROSS INVESTMENT
CA PI TA L E X P E N D . - N E T OF SA LE S
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOODS
NONPROFIT PLANT ♦ EQUIP.

12
13
14
15
16

17
18

5 2 ,, 6 0 2
9 4 ,,34 0

11 , 2 5 0
23,875

14.901
25.869

10,256
27,503

14,089
23,663

9.444
29.146

13,546
30,076

11.437
34.644

11.664
22.139

13.257
33.42S

8.179
25.569

ET F I N A N C I A L
NET ACQ. OF

INVESTMENT
FINANCIAL ASSETS

17
18

19
20

72,.0 7 3
10., 8 87

07 . 5 2 1
12 *788

17,800
5,329

19.166
-620

22,094
11,237

19,740
-3,976

22.549
3,258

23,847
1 ,823

31.385
11.683

16.766
-7.939

26.776
6.630

23.004
1.275

D E P . ♦ C R . M K T . I N S T R . (1)
DEMAND DEP. ♦ CURRENCY

19
20

21
22
23

70,, 4 5 6
20,,<*39
40,, 6 1 7

75.825
29.848
45.977

15,992
4,818
11,174

13.028
5.486
7.542

15,566
6,477
9,089

21,908
7,609
14,299

18,856
7,782
11,074

19,497
9,159
10,338

15,564
5,298
10,266

22.389
10.430
11.959

17.281
8.678
8.603

11.661
10.565
1.096

TIME
AT
AT

24
25
26
27
28
29

-9,, 2 7 0
-1 2,,746
-*74
8,,1 72
-3., 8 8 0
58

8.908
4.358
1 ,296
4.851
432
-2.029

-3,521
-3,793
-847
2,913
-1,229
-565

6.758
2,799
1,272
2,889
-382
180

-4,709
-3,065
-1,072
-20
-984
432

1,808
741

2,527
2,270
23
1,198
-893
-71

4,138

578
2,?80
-947
-844

435
-1.083
133
1,037
596
-248

2,430
562
336
1.676
-866

2.316
3.238
496
624
-1.520
-522

2.865
1.488
559
1.28«
-5ln
40

10.068
9.019
649
462
-469
407

CRED IT MKT. INSTRUMENTS
U.S. GOVT. SECU RI TI ES
S. * L. O B L I G A T I O N S
CORPORATE ♦ FGN. BONDS
COMMERCIAL PAPER
MORTGAGES

30
31

1,,1 81
-6,, 5 9 2

-633
-5,224

-348
-1,323

216
252

832
-2,559

273
-979

-679
-843

-229
526

2
-3.928

-338
1

-478
-759

-237
-2.184

32
33

6,. 1 7 2
22,. 0 9 8

7,311)
20.713

1,545
6.623

1,586
4,967

1,578
5,546

1,516
3,139

1.859
7.324

1 ,999
4,764

1.936
5.486

1.935
5.194

1.943
7.506

1.917
4.675

34
35
36

-3,, 4 1 6
520
2 (. 3 0 4

-4.953
118
2.677

-860
-124
562

-777
-100
559

-847
270
5«9

-1,015
348
641

-1,431
-300
667

-1,326
-186
681

— 1 . 1 81
256
688

-1.900
-225
706

-2.065
-207
712

-2.144
-189
727

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

37
38
39
40
41
42
43
44

41,. 7 3 8
38,. 3 2 0
24,. 1 3 8
.217
1,
9 •231
2 .000
361
1 .373

69.013
63,316
38.423
1,421
16.037
133
2,972
1. 3 3 0

12,625
11,524
5,339
323
3,092
601
1 ,867
302

10.968
10.130
6.924
330
3,379
25 J
-1,073
317

17.247
15,984
8,440
343
4,222
1 ,204
1,454
321

9.574
7.258
7,914
343
-38
-477
-805
321

19.702
17.757
9.037
357
5.108
H25
2.074
356

16,530
15,643
10,182
363
4,828
336
-535
469

23,207
22,658
11,290
358
6,139
2,449
2,238
184

10.475
11,214
9,276
355
2,043
-287
-641
468

20.171
21.270
10,62?
354
6,643
1 ,120
2.122
409

17.390
18.182
9.930
350
6.075
-123
1.163
787

CREDIT MARKET INSTRUMENTS
HOME MORTGAGES
OTHER MORTGAGES
IN STALMENT CONS. CREDIT
OTHER CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS

38
39
40
41
42
43
44

45
46
47

2 ,609
401

4.672
48 5
540

903
12?
76

643
121
74

1,061
122
80

2,075
122
1 19

1.682
121
142

620
121
146

295
121
133

-984
123
1?2

-1.337
123
115

-1.020
125
103

SECURITY CREDIT
TRADE DEBT
MISCELLANEOUS

45
46
47

48

-3 ,156

357

-1,271

383

-2,337

-5,320

-5,146

-2,316

-1,182

-6.333

-166

318

(1)

49
50
51
52

26.849
9,412
24,138
-6,701

34.30b
10.176
38.423
-14.294

5.525
2,324
5, 33 9
-2.138

t,009
2,355
6.924
-2.270

8.839
2.394
8,440
-1.995

7,979
2,422
7,914
-2,357

7.370
2.727
9.03 7
-4.394

8,687
2,493
10,182
-3,988

10,269
2,534
11,290
-3,555

9.269
2,560
9.276
-2.567

8,766
2,602
10,622
-4.458

10,072
2,618
9,930
-2.476

53
54
55

103,441
87,^76
16.015

117.409
9 3.775
23.634

26,030
21,679
4,351

25.234
22.086
3.148

30.001
22,466
7,535

24,772
22,812
1.960

29.430
23.125
6.305

28,969
23,600
5,369

34,238
24,238
10,000

29.606
24.847
4.759

33.991
25.425
8.566

31.980
26.049
5.931

56
57

11.231
4,784

19.170
4.464

3,693
650

3.632
-484

5,426
2,109

-515
2.475

5.933
372

5,164
205

8,588
1,412

1 ,756

7.763

3,003

803

5.952
-21

58
59
60
61

5,596
1 ,806
1,217
2,573

6.051
1.929
1.421
2.701

1 ,426
449
323
654

1.499
453
330
716

1,469
462
343
664

1.365
470
343
552

1.517
478
357
682

1.563
486
363
714

1,606
495
358
753

1,423
504
3C5
564

1.58?
508
354
720

1.661
516
350
795

62
63

13,612
8.064

15,141
6.241

14,738
6,65?

13,967
9.010

12,829
7,870

13,578
8.862

17.629
2.636

15.641
6,683

13,747
6,725

13,428
7,701

15.901
3.999

15.529
6.677

64

24.505

23.633

23,937

24.824

25.048

24,256

21.765

23,502

24,861

24,380

23.359

65
66
67
68

17,969
12,470
5.517
5.065

19,504
14.530
8.532
7,827

17,706
12,817
6,777
6,186

17.631
13.556
5.747
5.308

19.818
13.521
8.479
7,*58

18,041
12,513
5,063
3,*3A

19.650
14.947
10.103
9.106

19,356
14,844
8,158
7.720

20,756
15,593
10,445
10.198

19,347
10,629
5,029
5,384

20.204

69

7 5 6 . 4P4

808.860

186,269

190,827

2o3.395

189,093

194.994

*
-

NONTAXES

188.481
171.497
16,984
2,257
89
3,148

DISPOSABLE PERSONAL INCOME
PERSONAL OUTLAYS
PERSONAL SAVING. NIA BASIS
CREOITS FROM GOVT. INSURANCE
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

pfr

11 1/73 HGtJMFS ARF



15.232
9.191
9,69?

10
11

♦ SAVINGS ACCOUNTS
COMMERCIAL BANKS
S A VI NG S INST.

24
25
26
27
28
29

LIFE INSURANCE RESERVES
PENSION FUND RESERVES

32
33

CORPORATE

BUS.

EQUITIES.

MEMORANDA!
NET PH YS IC AL 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
EXPENDITURES
- CAPITAL CONSUMPTION
- HOME MORTGAGES
* EXCESS NET INVESTMENT
CONSUMER DURABLES
EXPENDITURES
- CAPITAL CONSUMPTION
= NET INVESTMENT
x

34
35
36

49
50
51
52

53
54
55

CONSUMER CREDIT
EXCESS NET INVESTMENT

56
57

N O NP RO FI T PLANT ♦ EQUIP.
EXPENDITURES
- CAPITAL CONSUMPTION
- NONPROFIT MORTGAGES
s E X CE SS NET INVESTMENT

58
59
60
61

PER CENT RATIOS:
EFFECTIVE TAX RATE
SAVING RATE* NIA BASIS
ADJ.

62
63
(2)*

CAPITAL EXPENDITURES
A C Q U I S I T I O N OF FINAN. ASSETS
N E T I N C R E A S E IN L I A B I L I T I E S
CREDIT MARKET BORROWING

2 0 2 . 6 1 0 2 2 2 . 1 6 3 2 0 8 . 2 8 1 2 1 9 . 4 4 9 2 2 4 . 1 0 8 (2) D I S P O S A B L E I N C O M E A D J .
(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 D . )

T E N T a TIVF ES TIMATES RASED ON INCOMPLETE INFORMATION.

21
22
23

30
31

CE NT OF O I S P O S A B L E INCOME
23.080 g r o s s SAVING
19.505
11 . 4 0 9
7.759
8.113

7

INVESTMENT COMPANY SHARES
OTHER CORPORATE SHARES

EXCLUDES

(C)

6
6

9

NET SAVING
CAPITAL CONSUMPTION

(B)

5

64
65
-66
67
68
69

7 NO VEMBER 1973
TOTAL ♦ NONCORP BUSI NE SS

*
TOTAL ♦ NO NC OR P BUSINESS

L

4
SECTOR

ST AT EM EN TS OF SAVING AND INVESTMENT
(MILLIONS OF DOLLARS)

UNADJUSTED QU AR TE RL Y FLOWS

1971

I
I

1972

II

UN AD JU ST ED QU AR TE RL Y FLOWS
1971
III

IV

I
I

1972
I

NONFINANCIAL

II

I
III

BUSINESS

-

IV

|

1073
II

I

III

TOT*L

1
2

138.518
92.417

151.173
101.473

35.348
20.376

34.582
20.819

35.886
31.190

35.?97
22.756

37.375
21.519

37.763
24.436

A0.738
32.762

40.264
24.955

42.961
24.111

44.583
25.682

INCOME BEFORE
GROSS SAVING

3
4
5
6
7
8
9

79.462
116.565
110.500
94.763
2.942
12.795
6.065

86.513
133.345
127.324
107.983
2.103
17.238
6.021

18.103
31.575
29.598
24.433
1.539
3.626
1.977

16.597
28.178
28.658
23.359
2.159
3.140
-480

*4.630
79.230
,>8.726
25.527
-319
3.518
504

25.194
29.700
26.929
24.342
-1.110
3.697
2.771

18.643
35.278
33.663
27.552
1.367
4.744
1.615

20.565
33.154
32.903
26.562
2.010
4.331
251

22.111
35.213
33.829
29.527
-164
4.466
1.3R4

25.824
34.549
30.794
28.110
-1.233
3.917
3.755

20.931
39.662
38.38?
31.957
1.377
5.048
1.28"

22.960
38.127
37.942
31.544
2.210
4.188
185

GROSS INVESTMENT
CAPITAL EXPENDITURES
FIXED INVESTMENT
BUSINESS PLANT ♦ EQUIPMENT
N O N F A R M H O M E C O N S T . (1)
MULTI-FAMILY RESIDENTIAL
C H A N G E IN I N V E N T O R I E S

3
4
5
6
7
8
9

10
11
12
13
14
15
16
17
18
19

-37.103
25.174
62.277
11.701
48.461
18.^07
1.910
19.546
6.317
1.881

-46.832
33.156
79.98H
10.396
59.379
12.187
1.234
26.208
16.392
3.35h

-13.472
5.356
18.828
3.480
15.505
5.399
1.118
4.H46
3.900
2h ?

-U.^Sl
7.919
19.500
3.810
11.855
3.583
1.S78
5.347
1.808
-461

-4.600
9.027
13.627
2.632
10.962
4.359
-370
5.777
2.355
-1.159

-4.506
6.877
11.383
2.135
8.465
2.775
-972
5.122
-257
1.797

-16.635
4.970
21.605
3.205
18.682
3.812
976
6.436
5.486
1.972

-12.589
7.502
20.091
P.557
11.782
3.037
1.468
6.787
1.239
-749

-13.102
13.807
26.909
2.499
20.450
2.563
-238
7.863
9.924
338

-8,7?5
13.029
21.754
2.402
19.170
1.622
-1.068
6.586
11.978
52

-18.731 -15.167
14.520
16.152
33.251
31.319
2.211
774
25.006
18.632
3.406
1.888
98A
1.646
9.012
8.901
10.226
5.538
1.374
659

NET F I N A N C I A L I N VE ST ME NT
F I N A N C I A L U S E S OF FUNDS* NET
FINAN. SO UR CE S OF FUNDS* NET
C O RP OR AT E SHARE ISSUES
CREDIT MARKET INSTRUMENTS
CORPORATE BONOS
HOME MORTGAGES
OTHFR MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS

10
11
12
13
14
15
16
17
18
19

20
21

3.656
-1 . 5 4 1

14.395
-4,1*2

1 .4 4 9
-1.606

4 .443
-608

545
-512

436
347

4.286
-4.568

5.949
-197

3 .724
236

-1.528
1.710

8.937
-2.903

10 . 5 4 1
1 .372

22

12.955

14.960

2.273

4.222

6.560

-2 .438

2.876

3.871

10 . 6 5 1

-8*9

3.180

2 .722

DISCREPANCY

FARM

T*ADE
OTHER

TAXES

1
2

20
21

DEBT
LIABILITIES

BUSINESS

1
2
3
4
5
6

16.831
-47
6.826
3 71
6.4S5
6.779

20.240
-30
7.421
398
7.023
7.391

4.152
-721
1 .683
91
1.59?
962

4.070
?94
1 .727
93
1.634
2.021

4.376
682
1 .766
94
1.672
2.448

4 .863
-212
1 .789
96
1 .693
1 .577

4.973
-834
1.903
98
1.805
1.069

4.952
541
1.847
10 1
1 .746
2.388

5 .452
475
1 .882
103
1 .779
2 .357

6.077
-288
1.975
104
1 .871
1 .687

6.100
-855
2.022
105
1 .917
1.167

6 .775
277
2 .024
106
1 .918
2 .301

NET INCOME
NET SA VI NG
CAPITAL CONSUMPTION
CORPORATE
NONCORPORATE
CURRENT SURP. * GROSS

7
8
9
10
11

6.779
8.589
6.453
555
1.5*1

7.391
8.574
7.593
561
420

962
2.233
1 .746
141
346

2.021
2.232
1 .558
186
48et

2.448
2.017
1.422
144
451

1 .577
1 .976
1 .774
104
98

1.069
2. 17 8
1 .857
1 4b
173

2.388
2.154
1 .913
175
66

2 .357
2 .266
2 .049
134
83

1.687
2.423
2.260
103
60

1.167
2.663
2.484
143
36

2 .301
2 . 79 4
2 .267
152
375

g ro ss

12
13
14
15
16
17

-1.810
691
123
568
498
70

-1.183
631
138
493
403
90

-1.271
175
30
145
130
15

-211
164
31
133
129
4

431
187
32
155
118
37

-399
147
33
114
107
7

-1.109
160
34
126
97
29

234
136
35
10 1
96
5

91
188
36
152
103
49

-736
168
36
132
108
?4

-1.496
206
37
169
112
57

-493
206
37
169
118
51

NET F I NA NC IA L INVESTMENT
N E T I N C R . IN F I N A N . A S S E T S
DEMAND DEPOSITS ♦ CURRENCY
MISCELLANEOUS ASSETS
INSURANCE RECEIVABLES
E Q . I N S P O N S . A G S . (2)

18
19
20
21
22
23
24

2.501
4.098
2.011
1.345
742
47
695

1.814
4.857
2.580
1.814
463
36
427

1 .446
1.746
463
726
557
28
529

375
733
551
274
-92
-24
-68

-244
243
443
0
-20 0
-28
-172

546
1 .252
634
300
318
19
299

1.269
2.119
867
810
442
30
412

-98
587
635
90
-138
41
-179

97
899
444
614
-159
-54
-105

904
2.013
998
686
329
25
304

1.702
2.847
1 .279
985
583
25
558

699
1 .577
976
415
186
-25
211

N E T I N C R E A S E IN L I A B I L I T I E S
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS
U.S. GOVERNMENT
FICB ♦ BANKS FOR COOPS

25
26

1.211
-2.808

1.000
- 4 .0 4 3

316
-616

317
-675

291
-778

266
-972

245
-1.095

239
-924

2M>
-1 . 0 5 2

258
-1.367

279
-1.424

331
-1 . 2 0 9

N O N F a RM

NONCORPORATE

SAVING

i nv es t me nt

CAPITAL EXPENDITURES
PLANT ♦ EQUIPMENT
RESIDENTIAL CONSTRUCTION
C H A N G E IN I N V E N T O R I E S

TRADE DEBT
PROPRIETOR

NET

INVESTMENT

BUSINESS

1

62.6]7

63.692

15.658

15.774

15.764

15.743

15.407

16.164

16.378

16.544

16.667

17.029

2
3

15.766
15.766

17.325
16.615

3.«77
1 .*71

3.962
1.100

4.067
10.167

4. 148
3.514

4.361
881

4.351
2.462

4 .4 6 5
9.758

4 .480
3.628

4.605
2.506

4.640
1.754

CAPITAL
CURRENT

4
5
6
7
8
9
10

15.766
21.231
21.721
11.477
1.193
9.051
-490

16.615
24.111
25.303
12.201
772
12.330
-1.192

1 .671

1 .100
5.799
6.063
2.927
987
2. 149
-264

10.167
4.575
5.368
3.060
-232
2.540
-793

3.514
5.373
5.127
2.802
-607
2.932
246

881
6.584
6.781
3.098
610
3.073
-197

2.462
6.471
7.036
3.069
918
3.049
-565

9.758
5.683
6.359
3.232
-149
3.276
-676

3.6?8
6.371
5.476
3.038
-668
3.106
895

2.506
7.439
7.216
3.329
617
3.270
223

1.754
7.144
7.417
3.421
1.029
2.967
-273

GROSS i n v e s t m e n t
CAPITAL EXPENDITURES
FIXED CAPITAL
PLANT ♦ EQUIPMENT
H O M E C O N S T R U C T I O N (1)
MULTI-FAMILY RESIDENTIAL
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

-5.465
1 .481
0
687
794
781
13

-7.496
1 .796
0
1 .074
722
710

-4.699

12

-4.122
251
0
45
206
?00
6

158
0
-46
204
202
2

5.592
780
0
588
192
19 1
1

-1.859
156
0
-30
186
183
3

- 5 . 7 03
308
0
126
182
175
7

-4.009
99
0
-77
176
174
2

4.075
1.233
0
1 .055
178
178
0

-2.743
265
0
77
188
183
5

-4.933
374
0
18 1
193
185
A

-5.390
102
0
-99
201
190
11

18
19
20
21
22
23

6.946
8.694
8.002
955
6.171
876

9.292
10.373
9.236
617
>.283
1 .336

4 . 3 73
2.853
2.469
559
1.716
194

4.H57
1 .976
2.582
789
1 .532
261

-4.812
2.399
1 .871
-165
1 .774
282

2.015
951
1.126
-486
1 .356
256

6.011
3.251
2.532
488
1 .731
313

4.108
2.332
2.952
734
1.854
364

-2.842
3.839
2.626
-119
2.342
403

3.008
2.664
1.654
-534
1.912
276

5.307
3.739
3.563
494
2.702
367

5.492
3.647
3.658
823
2.387
448

24
25

204

721
416

137
247

-293
-313

291

488

237

140
-315

477
242

-223
-397

327
886

372
618

9?
84

-399
388

26
27

-1.140
-608

-171
-910

1 .764
-244

2.9R3
-102

-7. 142
-69

1.107
-43

3.096
-336

2.178

-6.552
-129

877
-533

2.209
-641

2.780
-935

5.793
5.926
2.P88
699
2.339
-133

-402

I I 1/73 FIGURES ARE T E N T a TIVF ES TIMATfS BASED ON INCOMPLFTE INFORMATION.




(1)

c ha ng e

IN

WORK

(2)

SHARES

IN

F I C R *S*

IN

NET

INCOME
CONSUMPTION
SURP. = GROSS

SAVING

NET FINANCIAL INVESTMENT
NET ACQ. OF F I N A N C I A L A S SE T S
DEMAND DEPOSITS ♦ CURRENCY
CONSUMER CREDIT
MISCELLANEOUS ASSETS
INSURANCE RECEIVABLES
E Q . I N S P O N S * 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
CREDIT MARKET INSTRUMENTS
MORTGAGES
HOME MORTGAGES
MULTI-FAMILY
COMMERCIAL
BANK LOANS N.E.C.
OTHER LOANS
TRADE DEBT* NET
PROPRIETOR NET INVESTMENT

PROCESS.
BANKS

FOR

COOPS*

AND

LAND

BANKS.

7 NOVEMBER 1973
CORPORATE BUSINESS

CORPORATE

BUSINESS
5

SECTOR STATEMENTS OF SAVING AND INVESTMENT
(MILLIONS OF DOLLARS)
UNADJUSTED

1971

QUARTERLY

1972

UNADJUSTED

FLOWS
I
I

II

19-1
II I

IV

I

I

II

CORPORATE

QUARTERLY

FLOWS

1973
II

1972
III

BUSINESS

63.990
29.567
20.327
14.196
2.910
-4.920
57.686
69.H72

74.158
34.917
21.146
18.095
3.471
-6.917
62.818
77.467

16.979
8.077
4.722
4.180
720
-1.441
14.284
17.743

16.037
7 .?68
4.897
3.872
574
-1.299
14.551
17.698

16.485
7.308
5.680
3.497
1.019
-739
14.798
18.575

16.629
7.788
5.086
3.755
728
-1.938
15.120
17.665

18.925
8.897
5.055
4.973
742
-1.930
15.784
19.569

18.165
8.552
5.008
4.605
774
-1.518
15.725
19.586

20.439
9.680
5.997
4.762
1.227
-1.531
16.189
20.647

21.791
10.416
5.129
6.246
1.060
-4.148
16.482
19.640

25.787
12.37?
5.195
8.218
1.050
-5.593
16.763
20.438

24,743
11,971
5.327
7.472
1.028
-3.964
17.091
21.627

P R O F I T S TAX A C C R U A L S
NET DIVIDENDS PAID
UNDISTRIBUTED PROFITS
FOREIGN BRANCH PROFITS
INV. V A L U A T I O N A D J U S T M E N T
CAPITAL CO NS UM PT IO N ALLOW.
GROSS INTERNAL FUNOS

9
10
11
12
13
14
15

56.917
86.745
81.771
76.833
1.194
3.744
4.974

62.507
100.660
93.867
88.189
770
4.908
6.793

15.470
23.549
21.785
19.799
699
1 .287
1.764

13.476
20.147
20,851
18.874
986
991
-704

12.015
?2.638
21.792
21.045
-231
978
846

20.103
22.351
19.924
19.766
-607
765
2.427

16.693
26.516
24.877
22.597
609
1.671
1.639

15.715
24.529
23.779
21.580
917
1 .282
750

9.996
27.264
25.287
24.246
-149
1.190
1.977

20.509
25.755
22.955
22.812
-668
81 1
2.800

17.258
29.56ft
28.539
26.144
617
1.778
1.021

18.905
28.189
28.106
25.856
1.029
1.221
83

FIXED INVESTMENT
PLANT ♦ EQUIPMENT
HOME CONSTRUCTION
MULTI-FAMILY RESIDENTIAL
C H A N G E IN I N V E N T O R I E S

16
17

-29.828
23.002

-38.153
30.729

-8.079
4.930

-6.671
7.597

-10.623
8.060

-2.248
6.574

-9.823
4.502

-8.814
7.267

-17.268
12.386

-5.246
12.596

-12.302
13.94ft

-9.284
15.844

FINANCIAL

18
19
20
21
22
23
24

10.561
678
3.600
2.036
2.404
843

5.068
38
3.110
-2.38b
1.000
1 .695
1.611

967
914
1.100
1.209
250
-1.194
-1.312

2.658
6
1.050
-1.137
250
1.247
1.242

7.003
1.914
750
2.815
250
1.445
-171

328
-1.655
800
-1.878
?50
1.507
1.304

-490
-973
700
-1.924
250
727
730

-1.184
-51
510
-323
250
-825
-745

6.414
2.717
1.100
1.739
250
286
3?2

4.148
-1.894
5.250
-608
250
-176
1.3?6

4.081
-75
1.74R
921
250
1,906
-660

4.369
-589
4.423
-1.539
-250
668
1.656

25
26
27
28
29
30
31

572
5.630
6.?39
3.782
1 .387
1 .047
23

1.572
19.750
4.339
1.381
1 .784
1.156
18

159
1 .481
2.323
1 .440
619
259
5

1 91
3.124
1.624
1.110
238
?67
9

1.259
-692
490
-36
246
273
7

-1.251
5.028
2.469
1.396
787
280
6

449
3.937
606
-368
681
289
4

355
5.914
2.182
686
1.198
294
4

2.019
4.871
-918
-333
-882
293
4

-1.152
6.061
3.539
2.076
1 .178
282
3

74?
6,848
2,269
970
1,000
28*
5

32
33
34
35

52.830
47.370
11.701
35.669

68.882
54.545
10.396
44.149

13 .0 09
14.386
3.480
10.906

14.268
12.956
3.810
9.146

18.683
10.952
2.632
8.320

8.822
8.397
2.135
6 .?62

14.325
16.517
3.205
13.312

16.081
11.420
2.557
8.863

29.654

17.842
16.895
2.402
14.493

18.*07
11.443
955
2.601
7.887

12.187
15.626
617
2.985
12.024

5.399
3.03?
559
724
1 .749

3.583
3.792
789
651
2.352

4.359
3.093
-185
745
2.533

2.775
2.390
-486
569
2.307

3.812
4.013
488
704
2.821

3.037
4.668
734
660
3.?74

2.563
4.555
-119
1.052
3.622

1 .622

41
42
43
44

4.768
-1.460
1.885
226

13.857
-538
2.776
241

3.037
-1.387
747
78

1.827
639
-705
10

2.064
-1.789
526
67

-697
717
1.074
3

4.199
444
814
30

1.372
-572
306
52

45
46
47

1.991
3.585
-116

611
13.566
160

-747
-631
1

594
1.143
-425

151
7.396
184

1.723
-937
-361

-3.320
945
183

951
3.532
178

48

12.955

14.960

2.273

4.222

6.560

-2.438

2.876

3.871

49
50

2.045
27.751

6.184
34.011

2 .1 1 2
10.246

1.981
5.790

-8.088
5.756

5.965
6.461

2.992
13.251

2.382
7.118

51
52
53

46.205
124.148
41.119

47.084
129.939
43.859

47.570
132.722
46.311

45.320
113.837
45.396

44.331
1P1.873
36.752

46.833
126.527
28.016

47.011
135.499
50.203

47.079
125.237
36.132

47.360
132.048
57.629

1 .000

OF

FUNDS.

NET

3
4

5
6

7
8
9
10
11
12

13
14
15

17

LIQUID ASSETS
D E M A N D DEP. ♦ C U R R E N C Y
TIME D E PO SI TS
U.S. GOVT. SE CU RI TI ES
S. ♦ L. O B L I G A T I O N S
COMMERCIAL PAPER
SECURITY H.P.*S

IB
19
20
21
22
23
24

198
9.807
1.470
990
200
276
4

CONSUMER CREDIT
TRADE CWEDIT
MISCELLANEOUS ASSETS
F O R E I G N D I R . I N V E S T . (1)
FOREIGN CURRENCIES
INSURANCE RE CEIVABLES
E Q U I T Y IN S P O N S O R E D A 0 S .

25
26
27
28
29
30
31

26,24?
20.631
2.211
18,420

25.128
14.182
774
13.408

F I N A N . S O U R C E S OF F U N D S . NE T
NE T F U N D S R A I S E D IN M K T S .
NET NEW SHARE ISSUES
DEBT INSTRUMENTS

-534
912
2.488

3.406
5.158
494
1 .358
3.306

5.913
823
1.059
4.031

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

8.983
-1.127
582
156

10.920
-1.834
964
-45

9.149
8ft
617
in

5.522
491
-396
-10

BANK LOANS N.E.C.
OPEN-MARKET PAPER
FINANCE COMPANY LOANS
U.S. GO VE RN ME NT LO AN S

1.257
10,026
160

3.357
-2.663
253

-1.313
6.449
475

3.295
7.430
221

P R OF IT TAX LI AB IL IT Y
TRADE DEBT
MISCELLANEOUS LIABILITIES

10.651

-869

3.180

2.722

DISCREPANCY

-5.155
7.181

8.724
7.539

399
15.104

2.377
8.049

MEMO* NET TRADE CREOIT
PR OF IT S TAX P A YM EN TS

49
50

47.799
131.135
56.272

47.977
144.632
62.313

4
m 8 .. 3
j8
o1
i
130.341
47.564

PER CENT RATIOS!
E
t FrFrE tC Tm I.VtE TiA X R A T E
CAPITAL OUTLAYS/INTERNAL FUNDS
CR. MKT. B O R R O W I N G / C A P . EXP.

52
**

18.211
2.4Q9
15.712

2.866

(1)

111/73 FIGURES ARE TE NT a TIVF ESTIMATFS BASED ON INCOMPLETE INFORMATION.




USES

1
2

1.888

F O R F I G N I N V E 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
ISSUES ABROAD. AND BONO ISSUES OUTSIDE THE U.S.
E X C L U D E D FR O M F I N A N C I A L S O U R C E S OF F U N D S ABOVE.

BOND
ARE

32
33
34
35
36
37
38
39
40
41
42
43
44

7 NO VE MB ER 1973
GOVERNMENTS
6

UNADJUSTED

1971

1 152.318
2 113.784
3
9.390
4
29.144

GOVERNMENTS
6*

SECTOR STATEMENTS OF SAVING AND INVESTMENT
(MILLIONS OF DOLLARS)

QUARTERLY

1972

UNADJUSTED QUARTERLY FLOWS

FLOWS

|

II

1971
III

III

IV

GENERAL

FUNDS

1

I

II

III

177.155
128.771
10.707
37.677

38.279
28.19?
2.308
7.779

36.?64
26.587
2.386
7.?91

43.376
33.197
2.462
7.717

39.786
29.737
2.540
7.509

45.475
32.499
2.630
10.346

40.950
29.885
2.722
8.343

50.944
36.650
2.815
11.479

45.792
33.004
2.888
9.900

48.718
35.258
2.958
10.5,02

46*514
33.689
3.036
9.789

TOTAL RECEIPTS* NIA BASIS
TAX RE C E I P T S
S O C I A L INS. R E C E I P T S
G R A N T S IN A I D R E C ,

42.383
3 9 . 0 09
3.374
-1.433
1.885
-3.318

42.718
39.306
3.412
8.226
1.675
6.551

42.955
39.631
3.324
2.837
1.928
909

45.671
42.396
3.275
3.047
2.96?
85

47.496
44.109
3.387
-982
1.904
-2.886

TOTAL EXPEND IT UR ES * NIA BASIS
P U R C H A S E S OF G0 0D S* SE RV IC ES
NET INTEREST ♦ TRANSFERS
NET SU RP LU S* NIA BASIS
- R E T I R E M E N T C R E D I T TO HH
= GROSS SAVING

5
6
7
8
9
10

148.274
136.229
12.045
4.044
6.824
-2.780

164.023
150.538
13.485
13.132
7.262
5.870

37.074
34.049
3.025
1 .205
1.727
-522

38.233
35.196
3.037
-1.969
2.007
-3.976

38.248
35.162
3.086
5.128
1 .2^7
3.831

38.369
34.986
3.383
1.417
1.146
271

40.553
37.237
3.316
4.922
2.556
2.366

U
12
13
14
15

-13.514
4,046
6.186
-471
7.159

- 1 .8 2 6

11.046
8.596
1.819
6.777

-4.911
-389
319
277
42

- 6 . 0 17
-1.710
-765
-1.470
705

1.141
4.583
5.122
1.664
3.458

-1.079
2.950
1.911
475
1 .436

-757
2.065
1.890
600
1.290

-3.791
-461
-447
-737
290

3.801
6.492
5.242
1.481
3.761

30
1.783
1.520
-1.468
2.988

-1.53?
1.404
1.499
914
585

-1.665
-588
-2.542
-1.599
-943

NET FI N A N C I A L IN VESTMENT
NET ACO. OF FINA NC IA L ASSETS
TOTAL DEPOSITS ♦ CURRENCY
DEMAND o e p , ♦ c u r r e n c y
TIME DEPOSITS

16
17
18
19

-2.438
-2.248
-1.195
-1.053

1.961
2.106
1 .383
723

-738
-635
-604
- 31

-873
' -928
-607
-321

-680
-639
-385
-254

741
768
711
57

97
213
141
72

-4
-85
-509
424

1.127
1.210
1.040
170

-36
140
659
-519

-221
-184
-873
689

1.954
1.369
453
916

CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
DIRECT
U . S. GO V T . A G E N C Y SEC.

20
21
22

-206
16
296

-155
10
489

-108
5
3n

49
6
-72

-45
4
141

298

-119
3
78

79
2
-10

-85
2
1 ?3

-176
0
299

-37
0
126

-14
-1
0

23
24
25
26

17.560
16.991
16.626
2.434
14.192

12.872
12.275
11.930
-99fr
12.926

4.522
4.179
4.447
824
3.623

4.307
4.158
3.909
589
3.320

3.442
3.295
3.204
-113
3.317

4.029
3.882
3.615
432
3. 1 8 3

2.822
2.672
2.975
-539
3.514

3.330
3.179
3.053
-154
3.207

2.691
2.542
2.287
-735
3.0?2

1.753
1.603
1 .529
-733
2.262

2.936
2.787
2.837
-535
3.372

1.077
928
978
-1.156
2.134

28
29

365
569

345
597

-6R
143

?49
149

91
147

267
147

-303
15 0

12 6
151

255
149

74
150

-50
149

-50
149

30

10.734

7.696

4.389

2.041

2.690

1.350

3.123

473

2.750

1.617

-1.221

879
FMPLOYEF

RETIREMENT

ST.*LOC. OBLIGATIONS
HOME MORTGAGES
TAXES RECEIVABLE
N E T I N C R E A S E IN L I A B I L I T I E S
CREDIT MARKET BORROWING
S. ♦ L . O B L I G A T I O N S
SHORT-TERM
OTHER
U.S. GOVE RN ME NT
TRADE DEBT

LOANS

DISCREPANCY

FUNDS

ARE

IN

INSURANCE

SECTOR.

U.S. PiOVFRNMENT
198.851
89.894
33.334
20.415
55.208

228.684
107.917
37.830
19.915
63.022

54,627
24.008
8.882
5.214
16.523

50.505
24.318
8.281
5.036
12.870

45.716
?2 .297
8.346
5.128
9.945

52.439
21.298
8.515
4.699
17.927

64.043
31.142
9.547
5.052
18.302

58.213
28,995
9.320
4.950
14.948

53.989
26.482
10.448
5.214
11.845

60.762
22.800

6 221.045
7
98.067
8
46.970
9
13.605
10
62.403
11 - 2 2 . 1 9 4
12
2.914
13 - 2 5 . 1 ^ 8

244,576
104,446
47.836
13.^52
78.842
-15.892
3.222
-19.114

55.497
24.374
12.399
3.250
15.474
-870
1.875
-2.745

56,829
56.900
26.122
24,195
13.780
9.983
3.405
3.366
17.429
15.449
-6.324 -11.184
574
250
- 6 . 5 7 4 -- 1 1 . 7 5 8

57.784
25.«63

61.692
26.980
12.254
3.264
19.194
2.351
2.151

60.637
25.240

200

3.366
19.871
-2.424
287
-2.711

64.463
26.363
13.210
3.482
21 . 4 0 8
•10.474
848
■11.322

63.571
25.773
11.388
3.698
22.712
-2.809
-172
-2.637

14
15
16
17
18
19
20
21
22

-25.000
4.055
3.301
3.222

-20.116
868
-968
2.313
5
-243
2.551
500
-977

-3.126
730
4.172
956
-4
43
917
-3.022
-1.376

-7.475 -10.147
2.997
2.344
1.340
1 .106
444
626
0
3
51
-33
474
575
1 .830
1.328
-1.218
-115

-5.689
-1.535
-3.424

523
-3.263
1.662
-53
-1
-198
146
-5.017
145

-4.050
1.898
-629
1.056
0
69
987
1.714
-243

-10.900
3.768
1.423
490
5
-191
676
2.576
-7? 1

-3.147
5.683
1.533
471
5
-411
877
3.332
347

900
-2.755
164
-237
-7
-72?
492
-3.066
384

2.386 NET FI N A N C I A L INVESTMENT
1.171
NET ACO. OF FINA NC IA L ASSETS
-4.405
DEMAND DEPOSITS ♦ CURRENCY
1.063
CREDIT MARKET INSTRUMENTS
9
S P ON SO RE D AGENCY ISSUES
754
MORTGAGES
300
OTHER LOANS
4.373
TAXES RECEIVABLE
140
OTHER ASSETS

14
15
16
17
18
19
20
21
22

23
24
25
26
27
28
29

29.055
25.500
2.425
23.5^8
-523

3.H56
1 .820
676
-56
1 .875
161

9.819
9.603
612
8.924
67
250
-34

13.144
12.503
657
11.654
19?
574
67

4. 1 5 4
4.293
797
2.928
568
-64
-75

-3.786
-5.651
847
-6.859
361
2.151

641

20.984
17.317
3.295
10.624
3.398
3.2 22
445

-?86

5.948
5.738
772
3.824
1.142
287
-77

14.668
12.937
879
10.731
1.327
848
883

8.830
8.839
891
7.310
638
-172
163

-3.664
-5.92?
911
-6.85?
19
2.347
-89

-1.215
-421
441
-1.582
720
-307
-487

23
24
25
26
27
28
29

30
31

-108
32.001

1.002
37.330

3tf 1
11.904

901
6.451

-1.611
7.018

408
7.288

-323
14.564

1.339
7.606

-422
7.872

510
7.730

261
16.016

-71
8.423

-4
37
3.189
1.333
-3.801

2.914

1 .200

FEDFRALLY

10.212
3.340
18.369
-5.345
-64
-5.281

820
1
77
74?
1.227
-158

SPONSORS

CRFDIT

12.160

11.062
5.100
21.800

70.802
29.808
12.950
5.516
22.528

68.987
31.573
12.796
5.244
19.374

TOTAL RE CE IP TS * NIA BASIS
PERSONAL TAXES
CO RP . P R O F I T S TAX A C CR UA LS
INDIRECT TAXES
INSURANCE RECEIPTS

67.285
27.805
13.060
3.754

66.979
26.044
13.701
4.098
23.136
2.008
-307
2.315

TOTAL EX PE N D I T U R E S * NIA BASIS
GOODS ♦ SERVICES
GRANTS ♦ DONATIONS
NET IN TE RE ST
INSURANCE BENEFITS
NET SURPLUS. NIA BASIS
- I N S U R A N C E C R E D I T S TO HH
a GROSS SAVING

22.666
3.517
2.347
1.170

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. G O V E R N M E N T SE CU RI TI ES
SAVINGS BONOS
DI RE CT EXCL. SVGS. BONDS
BUDGET AGENCY ISSUES
LIFE ♦ RETIREMENT RESERVES
OTHER LIABILITIES
DISCREPANCY
MEMO: CORP.

TAX

RECEIPTS*

NET

AGENCIFS

1

84

84

21

21

21

20

21

21

?2

?2

24

2
3
4
5
6
7
8
9
10
11
12

3.410
54
2.H02
-1.525
5.598
730
-2.001
-17
695
-2•*79
554

6.610
-48
6.013
-1.418
5.486
1.190
755
285
427
43
645

-1.023
-18
-1.136
-681
1.345
232
-2.032
-112
529
-2.44Q
131

1 .901
193
1.316
-1.028
1 .990
188
166
-162
-68
396
392

1.976
-134
2.397
194
1 .792
150
261
134
-172
299
-287

1 .834
-80
1.853
1.560
1.537
222
-1.466
179
299
-1.944
61

1 .959
25
1.624
-427
1.393
294
364
-131
412
83
310

1.113
5
300
-1.821
1.214
316
591
109
-179
661
808

1.704
?
2.236
-730
1.342
358
1.266
128
-105
1.243
-534

3.042
35
3.113
-102
1.389
484
1 .342
597
304
441
-106

6.181
-24
5.850
230
1.989
527
3.113
-170
558
2.725
346

7 . 5 9 5 NE T I N C R E A S E IN A S S E T S
4
DEMAND DE POSITS ♦ CURRENCY
CREOIT MARKET INSTRUMENTS
7.022
468
U.S. GO VE RN ME NT SECURITIES
2.695
R E S I D E N T I A L M O R T G A G E S (1)
FARM MORTGAGES
482
OTHER LOANS
3.377
13
T O C O O P S (8C)
T O F A R M E R S (FICB)
211
T O S * L •S ( F H L B )
3.153
569
MI SC EL LA NE OU S ASSETS

13
14
15
16
17
18

3.315
4.296
4.296
0
-981
-11

6.464
6.182
6.182
0
282
-62

1 .858
2.017
2.017
0
-159
-22

1 .984
1.955
1.955
0
29
29

1.778
1 .392
1 .392
0
386
-36

1 .934
2.115
2.115
0
-181
-4

1.052
1.083
1 .083
0
-31
-40

1.700
1.592
1.592
0
108
18

2.945
2.684
2.684
0
261
-75

6.125
5.874
5.874
0
25 1
-32

7 . 5 2 1 N E T I N C R E A S E IN L I A B I L I T I E S
7.605
CREDIT MARKET INSTRUMENTS
7.605
S P O N S . A G E N C Y I S S U E S (1)
0
U.S. g o v e r n m e n t l o a n s
-84
MI SC EL LA NE OU S LIABILITIES
-51 D I S C R E P A N C Y


http://fraser.stlouisfed.org/
II1/73 FIGURES ARE
Federal Reserve Bank of St. Louis

-1.042 •
313
313
0
-1.355
2

23

CURRENT

SURPLUS

THIS GR O U P C O N S I S T S OF F E D E R A L HO M E L O A N B A N K S * F E O E R A L N A T I O N A L
MORTGAGE AS SOCIATION* FEDFRAL IN TERMEDIATE CR ED IT BANKS, BANKS
FOR COOPER AT IV ES . AND F E DE RA L LA ND BANKS.
T H E S E A G E N C I E S ARE
PRIV AT EL Y OW NE D AND ARE EX CL UD ED FR OM U.S. GOVT. BUDGET ACCOUNTS
AS OF 19 69 AN D F R O M U. S . G O V 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 AL L
YEARS.
(1)

ALL G N M A - G U A R A N T E E D S E C U R I T I E S B A C K E D BY M O R T G A G E P O O L S ARE I N CL UD ED
IN A G E N C Y S E C U R I T I E S .
T H E M O R T G A G E P O O L S A R E I N C L U D E D IN R E S I D E N T I A L
MORTGAGES.

TENTATIVE ESTIMATFS RASED ON INCOMPLETE INFORMATION,

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

30
31

,7 NOVEMBER 1973
BANKING SYSTEM

b an ki n g

SYSTEM
7

7
SECTOR

UNADJUSTED

QUARTERLY

1971

1972

S T A T E M E N T S OF S A V I N G AND I N V E S T M E N T
(m i l l i o n s o f d o l l a r s )

FLOWS
1
1

II

UNADJUSTED
1971
II I

1
1

IV

1972
I

MONETARY

ii

in

IV

1
1

QUARTERLY

I

1973
II

III

AUTHORITIES

1

-55

101

-12

-13

-15

25

25

26

25

30

36

2
3
4
5
6
7
6
9
10

8.280
-832
478
82
-296
8.848
8.644
204
0

2.072
-371
686
-369
1.942
18 4
339
-155
0

990
-315
150
-1
55
1.101
1.177
-76
0

1.828
-277
84
-23
-64
2.108
2.109
-1
0

4.951
-5
123
1.817
-343
3.359
3.159
200
0

-1.140
-545
268
-1.670
991
-184
-66
-118
0

1.526
0
171
626
-900
1.629
1.699
-70
0

-361
99
134
412
712
-1.718
-1.707
-11
0

2.047
75
113
263
1.139
457
413
44
0

2.224
-190
107
-1.852
32
4.127
4.068
59
0

960
-13
111
-74
-243
1.179
1.278
-99
0

11
12
13

8.335
3.638
494

1 .971
-2.141
1.125

1.002
-1.382
404

1.841
874
466

4.966
2.364
-559

-1.165
683
509

1.501
-989
-1.251

-387
-790
2.041

2.022
-1.045
-174

2.194
1.226
234

14
15
16
17
18

897
119
3.392
-33
-172

-284
-96
4.412
-21
-1.024

387
-32
1 .685
3
-63

746
1
-27
44
-263

10
92
2.706
17
336

-1.165
-204
-1.050
-44
106

1.376
37
3.014
-12
-674

-478
-59
-1.466
-91
456

-17
130
3.914
126
-912

COMMERCIAL

FLOWS

BANKING

36

CURRENT

SURPLUS

1

4 . 2 1 7 NET ACQ. OF F I N A N C I A L A S S E T S
GOLD ♦ FOREIGN EXCHANGE
13
68
TREASURY CURR. ♦ SDR CTFS.
897
F.R. FLOAT
F . R. L O A N S TO D O M E S T I C B A N K S
2.750
489
CREDIT MARKET INSTRUMENTS
U.S. GO VERNMENT SE CU RI TI ES
498
ACCEPTANCES
-9
BANK LOANS N.E.C.
0

2
3
4
5
6
7
8
9
10

924
-2.055
-1.231

4.181
6.131
2.011

11
12
13

1.589
41
-1.396
93
407

619
27
3.648
324
-408

-2.910
63
-1.325
70
141

N E T I N C R E A S E IN L I A B I L I T I E S
MEMBER BANK RESERVES
VA UL T C A S H OF CO ML . B A NK S
DEMAND DEPOSITS ♦ CURRENCY
OUE TO U.S. GO VE RN ME NT
DUE TO REST OF THE WORLD
CURRENCY OUTSIDE BANKS
TAXES PAYABLE
MISCELLANEOUS LIABILITIES

14
15
16
17
18

(1)

1
2

2.818
2.334

3.667
2.487

646
553

829
624

805
624

812
626

844
628

934
615

1.077
618

1.094
634

1.250
633

1.605
623

3
4
5
6
7
8
9

58.492
127
51.350
50.592
6.944
3.115
3.829

78.256
169
74.597
69.711
6.463
2.400
4.063

16.770
35
16.990
17.277
-1.122
-1.522
400

10.077
64
7.640
7.363
-93
-1.445
1,352

/?5 • 9 2 0
7
26.237
? 3 ,348
7.713
6,213
1.500

8.890
47
4.173
4.997
-1.447
-2.266
819

18.159
62
18.559
16.919
-1.492
-2.370
878

19.875
53
15.522
15.220
1.314
1 .081
233

31.332
7
36.343
32.575
8.088
5.955
2.133

22.153
20
12.703
17.019
-5.807
-5.936
129

28.749
-IQ
27.102
27.443
-1.059
-3.404
2.345

21.402
-21
13.565
14.926
-225
-3.071
2.846

10
11
12
13
14

23.822
12.607
1 •? 7 5
5.691
4.249

24 .828
6.318
1.711
8.984
7.815

7.693
4.409
369
1.591
1.324

4.436
871
268
1.954
1 .343

5.865
3.017
269
1.612
967

5.768
2.205
464
1.551
1.548

6.661
1,689
472
2,218
2.282

7.182
1.998
250
2.864
2.070

5.217
426
525
2.351
1.915

4.633
605
-73
2.101
2.000

6.694
1.100
-105
3.076
2.623

5.319
-287
306
2.921
2,379

OTHER SECU RI TI ES ♦ MTGS.
S. ♦ L . O B L I G A T I O N S
CORPORATE BONDS
HOME MORTGAGES
OTHER MORTGAGES

10
11
12
13
14

15
16
17
18

19.826
6.689
12.351
786

38.420
10.084
28.540
-204

10.706
2.548
8.199
-41

3.020
1 .996
1 .389
-365

9.770
1.820
6.503
1.447

676
717
479
-520

11.750
3.441
8.575
-266

6.724
3.017
4.155
-448

19.270
2.909
15.331
1.030

18.193
1.822
17.301
-930

21.808
4.057
17.818
-67

9.832
3.007
6.794
31

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

15
16
17
18

19
20

-17
775

129
4.757

17
-304

-27
304

-22
2.911

87
-911

42
1.598

0
302

0
3.768

0
-4.316

0
-34]

0
-1.361

CORPORATE EQUITIES
SECURITY CREDIT

21
22
23

4.132
1.664
1.219

-1.016
1.428
3.078

-978
2.085
-1.362

1 .340
13
1 .020

1.805
-1.466
-663

1.192
125
3.353

-2.240
4,067
-2.289

1.251
802
2.247

-1.219
-3.566
-233

1.460
4.125
3.845

-3.286
4.155
797

8.142
-3.773
3.489

VAULT CASH ♦ MEM. BANK
OTHER INTERBANK CLAIMS
MISCELLANEOUS ASSETS

24
25
26
27

56.292
12.995
2.231
10.764

75.612
16,352
706
15.646

15.340
10.757
3.892
6.865

9.901
-2.785
508
-3.293

? S •042
16.396
1.249
15.147

8.869
-7.889
-1.429
-6.460

16,708
3.898
343
3,555

19.893
1.441
387
1 .054

30.142
18.902
1.405
17.497

21.731
-11.425
515
-11.940

26.55P
6.720
-956
7.676

21.013
-4.780
-2.224
-2.556

28
29
30
31

41.363
8.685
32.418
260

42.343
9.760
33.045
-462

6.72B
1.003
5.687
38

7.720
4.544
3.062
114

10.469
1.689
8.728
52

10.433
-1.546
11.882
97

10,114
2,614
7,424
76

10.656
5.377
5.553
-274

11.140
3.315
8.186
-361

20.076
10.852
9.001
223

11.814
4.249
7.470
95

14.034
9.069
5.039
-74

TIME OEPOSITS
LARGE NEGOTIABLE CD»S
O T H E R AT C O M M E R C I A L BA NK S
AT F O R E I G N B A N K I N G A G S .

28
29
30
31

32
33
34
35
36
37

214
3.257
82
-296
1 .664
-27

524
4.816
-369
1.942
1.428
-200

14
-1.189
-I
55
2.085
-435

-7
1 .896
-23
-64
13
112

13
1.280
1.817
-343
-1.466
68

50
4.154
-1.670
991
125
-45

209
-160
626
-900
4,067
-285

4
1.627
412
712
802
130

261
-805
263
1.139
-3.566
0

3
5.333
-1.852
32
4.125
275

7
1.438
-74
-243
4.155
-290

-90
2.423
897
2.750
-3.773
100

c orporate
EQUITIES
CREDIT MARKET DEBT
F.R. FLOAT
B O R R O W I N G AT F.R. B A N K S

32
33
34
35
36
37

38
39
40

-2.746
-4.069
1.323

9.300
933
8.367

-2.660
-1.411
-1.249

3,032
1.255
1.777

-3.179
-1.339
-1.840

2.770
408
2.362

-652
341
-993

4.113
998
3.115

3.069
-814
3.883

5.167
-277
5.444

3.038
693
2.345

9.362
615
8.747

41

-1.716

-1.464

-1.337

29

-697

165

-1.235

337

-731

38

-1.574

593

(1)

111/73 F I G U R E S

ARE T E N T a T IVF E S T I M A T F S B A S E D ON




INCOMPLETE

CURRENT SURPLUS
PLANT ♦ EQUIPMENT

1
2

NET ACQ. OF F I N A N C I A L A S S E T S
DEMAND DEPOSITS ♦ CURRENCY
TOTAL RANK CREDIT
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
DIRECT
AGENCY ISSUES

3
4
5
6
7
8
9

19
20
RES.

N E T 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. GOVERNMENT
OTHER

other

interbank

TAXES

PAYABLE

claims

MISCELLANEOUS LIABILITIES
LI AB . TO FG N. A F F I L I A T E S
OTHER
DISCREPANCY

C O N S I S T S OF C H A R T E R E D C O M M E R C I A L BA N K S * TH EI R D O M E S T I C A F F I L I A T E S *
F D G E ACT C O R P O R A T I O N S * A G E N C I E S O F F O R E I G N B A N K S * AN D B A N K S IN U . S.
POSSESSIONS.
E D G E ACT 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
A P P E A R T O G E T H E R IN T H E S E T A B L E S A S “ F O R E I G N B A N K I N G A G E N C I E S . "

INF O R M A T I O N .

21
22
23
24
25
26
27

38
39
40
41

7 NOVEMBER 1973
COMMERCIAL BANKING SUBSECTORS

COMMERCIAL
SUBSECTOR

UNADJUSTED

QUARTERLY

1972

IN

COMMERCIAL

I

II

BANKING

UNADJUSTED
1971
II I

I
IV

I

1*72
II

I
COMMERCIAL

I I I IV

I
I

I

SUBSECTORS

BANKING

FLOWS
|

1971

STATEMENTS FOR COMPONENT GROUPS
(m i l l i o n s o f d o l l a r s )

FLOWS

quarterly

1073
II

RANKS
CURRENT SURPLUS
PLANT ♦ EQUIPMENT

1
2

NET ACQ. OF F I NA NC IA L ASSETS
TOTAL BANK CREDIT
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
DIRECT
AGENCY ISSUES

3
4
5
6
7
8

812
626

84*
628

934
615

1.077
618

1.094
634

1.250
633

1.605
623

8.395
4.772
5.683
-1.611
-2.430
819

18.622
19.132
17.534
-1.364
-2.242
878

17.752
14.874
14.572
1.065
832
233

32.491
34.716
31.035
7.864
5.938
1,926

16.857
11.180
15.161
-b.783
-5.848
65

24.78?
26.437
26.618
-971
-3.303
2.332

21.220
12.083
13.302
-217
-3.077
2.860

5.868
3.046
268
1.606
948

6.064
2.496
471
1.547'
1.550

6.676
1.682
471
2.203
2.320

7.093
1.987
249
2.859
1.998

5.481
949
219
2.353
1.960

4.701
657
-66
2.114
1.996

6.726
1.121
-94
3.085
2.614

5.271
-329
300
2.932
2.368

OTHER SE CU RI TI ES ♦ MTGS.
S. * L. O B L I G A T I O N S
CO RP OR AT E BONDS
HOME MORTGAGES
OTHER MORTGAGES

9
10
11
12
13

2.712
1.996
1.081
-365
304

9.402
1.820
6.135
1.447
2.911

1.230
717
1.033
-520
-911

12.222
3.441
9.047
-266
1.598

6.414
3.017
3.845
-448
302

17.690
2.909
13.751
1.030
3.6«1

16.243
1.8?2
15.351
-930
-3.981

20.863
4.057
16.873
-67
-181

8.248
3.007
5.210
31
-1.219

O T H E R CR. EXCL. SE C U R I T Y
C O NS UM ER CREDIT
bank
loans
n . e .c .
OPEN-MARKET PAPER
SECURITY CREDIT

14
15
16
17
18

1.351
1.340
11

1.841
1.805
36

2.685
1.192
1.493

-142
-2.240
2.098

1.417
1.251
166

-2.433
-1.219
-1.214

3.242
1.460
1 .782

-2.039
-3.286
1.247

7.142
8.142
-1.000

INTERBANK CLAIMS
V A U L T C A S H ♦ MEM. BK. RES.
D E P . A T F G N . B A N K I N G AG *

19
20
21

208

1
2

2.818
2.334

3.667
2.487

646
553

829
624

3
4
5
6
7
8

56.570
51.054
50.279
7.017
3.188
3.829

77.260
73.494
68.824
5.954
2.098
3.856

15.50?
17.008
17.312
-966
-1.366
400

9.864
7.279
6.975
-162
-1.514
1.352

9
10
11
12
13

23.865
12.783
1.274
5.584
4.224

25.314
7.114
1.410
8.962
7.828

7.644
4.413
370
1.517
1.344

4.425
888
267
1.948
1.322

14
15
16
17
18

19.397
6.689
11.922
786
775

37.556
10.084
27.676
-204
4.670

10.634
2.548
8.127
-41
-304

19
20
21

4.010
4.132
-122

1.527
-1.016
2.543

-924
-978
54

805
624
27.075
25.871
?2.960
7.690
6.190
1.500

22

1.506

2.239

-582

1.234

938

-368

1.461

2.435

384

1.995

23
24
25
26

54.370
13.382
2.231
11.151

74.616
19.796
706
19.090

14.07?
9.503
3.892
5.611

9.688
-1.632
508
-2.140

26.197
18.831
1.249
17.582

8.374
-6.121
-1.429
-4.692

17.171
5.170
343
4.827

17.770
1.633
387
1.246

31.301 16.435
19.114 -1 0. 9* 2
515
1.405
17.709 -11.467

22.591
6.025
-956
6.981

20.831
-4.807
-2.224
-2.583

27
28
29

41.103
8.6«5
32.418

42.805
9.760
33.045

6.690
1.003
5.687

7.606
4.544
3.062

10.417
1.689
8.728

10.336
-1.546
11.882

10.038
2.614
7.424

10.930
5.377
5.553

11.501
3.315
8.186

19.853
10.852
9.001

11.719
4.249
7.470

14.108
9.069
5.039

31
32
33

717
1.061
-27

1 .051
1 .733
-200

88
-1.378
-435

68
1 .280
•1 1 2

146
-177
68

453
2.060
-45

94
539
-285

137
-621
130

367
-245
0

-68
2.594
275

-100
-719
-290

-19
1 .756
10 0

34
35
36
37
38
39
40

1.572
82
-296
1 .288
47
309
142

458
-369
1 .942
-1.243
339
-392
181

2.085
-1
55
1.605
23
-43
446

-85
-23
-64
202
0
-4
-196

-28
1.817
-343
-1.155
0
-94
-253

-2.047
-1.670
99 1
-1.958
0
-6
596

1.695
626
-900
1.735
0
-135
369

1.760
412
712
972
0
-140
-196

-950
263
1.139
-1.992
339
-111
-588

523
-1.852
32
1 .084
71
531
657

2.591
-74
-243
2.871
-18
-339
394

874
897
2.750
-2.657
-194
-584
662

41
42
43

-3.652
-4.752
1 .100

8.449
„ 497
7.952

-2.495
-1.55?
-943

2.346
978
1 .368

-3.073
-1.574
-1.499

3.688
622
3.066

-289
-90
-199

3.797
588
3.209

1.253
-623
1.876

4.207
-279
4.486

3.358
394
2.964

8.909
205
8.704

44

-1.716

-1.464

-1.337

29

-697

165

-1.235

337

-731

38

-1.574

593

-637

DOMESTIC

AFFILIATES

OF

COMMERCIAL

30
31
32
33

INTERBANK LIABILTIES
F.R. FL OA T
B O R R O W I N G AT F.R. BA NK S
DE M. D E P. OF FG N. BK. AG.
T I M E D E P . O F F G N . BK. AG.
LOANS FROM AFFILIATES
L O A N S F R O M F O R E I G N B K . AG.

34
35
36
37
38
39
40

MI SCELLANEOUS LIABILITIES
LIAB. TO F O RE IG N BRANCH ES
OTHER

41
42
43

D
!ISCREPANCY

4
5
6

ET

-214
-120
-94

-74
-68
-6

-611
-476
-135

-172
-32
-140

223
334
-111

1 .094
563
531

20
359
-339

533
1.117
-584

4
5
6

195
-376
571

-634
664
-1.298

157
41
116

-102
16 7
-269

-214
73
-287

-74
199
-273

-611
-201
-410

-172
397
-569

223
269
-46

1.094
819
275

20
82?
-807

OF

CORPORATE EQUITIES
CORPORATE BONDS
SECURITY R.P.'S
PR OF IT TAX LI AB IL IT IE S

ET I N C R E A S E IN L I A B I L I T I E S
C O MM ER CI AL PAPER ISSUES
MISCELLANEOUS LIABILITIES

-102
-98
-4

AGENCIES

27
28
29

CDtS

other

533
948
-415

157
200
-43

«N"

TIME DEPOSITS
LARGE NEGOTIABLE

1
2
3

-634
-242
-392

CORPORATIONS

22

FOREIGN

BANKS
ACC). O F F I N A N C I A L A S S E T S
1
CREDIT MARKET INSTRUMENTS
U.S. GO VE RN ME NT SECURITIES
S. ♦ L. G O V T . S E C U R I T I E S
CORPORATE BONDS
BANK LO AN S N.E.C.
o p e n -m a r k e t
PAPER

1
2
3
4
5
6
7

1.218
116
-234
-193
0
543
0

1.164
842
304
-865
297
1.106
0

1.147
-327
-181
-17
-1
-12R
0

-54
414
0
8
0
406
0

-1.160
473
-14
-2
1
488
0

679
-636
203
-345
-8
-486
0

255
-113
-97
-20
0
4
0

2.173
466
109
15
0
342
0

-1 . 9 4 3
1 • 1?5
A9
-515
305
1 .246
0

4.252
1.349
?9
-59
-8
1 .387
0

3.98?
533
-29
-12
-1?
586
0

-336
534
23
39
5
467
0

8
9
10
11
12
13

-17
0
1.288
47
142
-358

12 9
87
-1.243
339
181
829

17
0
1 .605
23
446
-617

-27
0
202
0
-196
-447

-22
0
-1.155
0
-253
-203

87
0
-1.958
0
596
2.590

42
0
1.735
0
369
-1.778

0
0
972
0
-196
931

0
87
-1.992
339
-588
-914

0
-335
1.084
71
657
1.426

0
-160
2.871
-18
394
362

0
-142
-2.657
-194
662
1.461

14
15
16
17
18

1.218
-387
260
-122
1.641

1.164
-3.444
-462
2.543
844

1.147
1.254
38
54
46

-54
-1.153
114
11
388

-1.160
-2.435
52
36
1.225

679
-1.768
97
1.493
1.392

255
-1.272
76
2.098
-801

2.173
-192
-274
166
1.710

-1.943
-212
-361
-1.214
-1.457

4.252
-473
223
1.782
1.985

3.98?
695
95
1.247
1.423

-336
27
-74
-1.000
-172

19
20
21

-174
683
-857

1.683
436
1.247

-245
14 1
-386

586
277
309

-38
235
-273

-535
-214
-321

154
431
-277

763
410
353

1.301
-191
1 .492

735
2
733

52?
299
223

883
410
473

MISCELLANEOUS LIABILITIES
DUE TO FO RE IG N AF FILIATES
OTHER

561
7
81
135
-8
1
-47
-2
-45
473

-50
?o
-54
-53
7
1
-9
-13
4
-16

-35
-19
-67
-59
-9
1
0
-9
9
51

-15
-21
-27
-31
3
1
0
-11
11
33

ET ACQ. OF F I N A N C I A L A S S E T S
DEMAND DEPOSITS ♦ CURRENCY
CREDIT MARKET INSTRUMENTS
U.S. GOVERNMENT SECURITIES
S. ♦ L . G O V T . S E C U R I T I E S
CORPORATE BONDS
MORTGAGES
HOME MORTGAGES
COMMERCIAL MORTGAGES
MI SCELLANEOUS ASSETS

-50

-35

-15

Rm Nk S

1
2
3
4
5
6
7
8
9
10

509
127
31 1
161
17
1
132
107
25
71

509
 11
http://fraser.stlouisfed.org/
111/73 FIGURES
Federal Reserve Bank of St. Louis

IN U . S .

23
24
25
26

ET ACQ. OF F I N A N C I A L A S SE TS
BANK LOANS N.E.C.
L OANS TO AF FILIATE BANKS

195
-114
309

ACT

ASSETS

RANKS

1
2
3

FDGF

MISCELLANEOUS

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 * NET
U.S. GO VE RN ME NT
OTHER

CORPORATE EQUITIES
SECURITY CREDIT
O E M . D E P O S I T S AT CO ML .
T I M E D E P O S I T S AT C O M L .
LOANS TO BANKS
M I SC EL LA NE OU S ASSETS

2
3
4
5
6
7

8
9
B A N K S 10
B A N K S 11
12
13

IET I N C R E A S E I N L I A B I L I T I E S
D E M A N D D E P . IN M O N E Y S T O C K
TIME DEPOSITS
D E P O S I T S OF BA NK S
LOANS FROM BANKS

14
15
16
17
18
19
20
21

POSSESSIONS

466
169
287
205
69
4
9
22
-13
10

-36
35
92
25
13
0
54
74
-20
-163

369
64
72
69
-25
1
27
6
21
233

219
7
35
37
-27
0
25
6
19
177

-110
47
18
-39
54
1
2
4
-2
-175

-107
62
-26
-31
27
1
-23
15
-38
-143

466

-36

369

219

-110

-107

122 •
53
214
140
-4
1
77
5
72
-145
122

ARE TE NT a TIVF ESTIMAT f S BASED ON INCOMPLETE INFORMATION.

561

v

NET

INCREASE

IN D E P O S I T

LIAB.

1
2
3
4
5
6
7
8
9
10
11

7 NOVEMBER 1973
NONBANK FINANCE SUMMARY

NONBANK FINANCE SUMMARY
9

SECTOR STATEMENTS OF SAVING AND INVESTMENT
(MILLIONS OF DOLLARS)
UNADJUSTED

QUARTERLY

UNADJUSTED QUARTERLY FLOWS

FLOWS
19 r 1

1972

I

II

III

1972
IV

I

II
II

I

PRIVATE

NONBANK

FINANCIAL

1973
III
III

INSTITUTIONS

IV

II

I

- TOTAL

4.122
1.852

5.200
2.086

1.131
434

1 .2 0 2
438

1.007
600

1.059
332

1.561
630

1.591
537

989
587

1.323
6?8

1.547
627

1.713
622

85.637
812
152
209

104.509
1.791
-87
41b

20.108
-70
54
-172

18.329
80
24
-7 1

25.048
793
24
18

22.981
-1.046
18
412

26.075
719
18

24.028
443
-37
-23*

31.425
1.675
-86
352

22.741
75
56
563

26.210
676
0
203

17.195
-93
0
-970

15.433
80.480
5.71b
3.471
13.473
30.247
17.373
6.440
3.760
3.924
289
2.261

5.357
14.605
-733
743
3.344
5.237
3.66?
941
1.411
857
70
-593

3.782
13.853
l.?15
1.467
1.514
5.280
3.457
1.491
-571
626
64
-29

4.933
17.983
-203
1.054
5.743
5.096
4.279
1.759
255
924
70
303

2.836
17.388
3.010
612
2.368
4.637
3.713
49
2.999
2.053
73
1 .247

4.626
18.626

9
10
11
12
13
14
15
16
17
18

19.252
60.802
2.465
4.099
14.949
18.399
14.089
3.283
3.518
2.519
291
1.600

3.938
8.062
3.990
1.917
298
1.378
74
746

2.119
21.608
1.865
703
3.081
8.661
4.001
1.869
1 .428
372
73
-316

5.852
?2.858
1.442
i.n4
4.086
8.887
5.669
2.605
-965
121
69
584

1.527
20.538
2.804
354
1.921
6.283
4.033
1.009
4.134
- 1.120
65
1.037

3.411
22.450
145
965
3.013
8.818
5.188
2.783
1.538
-1.632
6?
1.040

2.484
16.763
-790
880
1.389
5.744
4.896
2.846
1.798
-720
58
-327

CORPORATE SHARES
CREDIT MARKET INSTRUMENTS
U.S. GOVERNMENT SE CU RI TI ES
S. ♦ L. O B L I G A T I O N S
CORPORATE ♦ F0REI6N BONDS
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS
SECURITY CREDIT
TRADE CREDIT
MISCELLANEOUS ASSETS

19
20
21
22

82.795
40.826
25.356
2.718

100.59b
46.395
24.801
1.465

19.697
11.00?
6.293
97

17.639
7.471
6.303
657

24.331
9.107
6.550
1.219

21.888
14.711
4.719
77 1

25.120
10.962
7.032
-27

22.721
10.104
6.476
259

30.866
10.618
6.574
462

22.034
12.522
7.301
252

25.740
8.806
7.102
146

14.863
126
6.899
429

N E T I N C R E A S E IN L I A B I L I T I E S
TIME ♦ SAVINGS ACCOUNTS
INSURANCE ♦ PENSION RESERVES
C O R P O R A T E E Q U I T I E S (1)

23
24
25
26
27
28
29
30

6.206
4.204
1 .994
13 4
1 .397
-1.523

1.168
807
l.?34
34
1. 7 2 3
-2.630
-181
-2.449

707
859
271
17
-1.032
592
19 6
396

4.320
1.430
76
47
546

-2.f>79

15.915
5.815
1.153
480
5.919
2.54H
2.505
43

1.922
299

-62
1.470
5
51
155
-1.743
20 1
-1.944

4.240
1.144
810
204
1.136
946
863
83

3.283
1.341
232
115
1.089
506
-155
661

8.454
1.860
106
11 0
3.539
2.839
1.596
1.243

3.167
863
10 1
128
1.437
638
197
441

8.203
810
444
14?
3.316
3.491
766
2.725

5.692
871
-687
158
1.183
4.167
1.014
3.153

31
32
33

1.134
-127
6.682

4.098
304
7.617

-552
-391
2.080

81
124
2.29b

3.030
-168
273

-638
287
2.100

1.021
-288
2.180

-155
231
2.523

3.870
74
814

-4.685
386
3.091

-716
-24?
2.450

-1.253
281
2.689

34

-572

-800

286

74

-310

-366

-24

-253

-157

-12

459

-1.241

.

1 1*6

2 .2 2 1

SAVINGS1 AND

-1 1 2

-6 0 1
1 .0 2 2

LOAN

CURRENT SURPLUS
PH YSICAL INVESTMENT

1
2

N E T ACQ. OF F I N A N C I A L A S S E T S
DEMAND DEPOSITS ♦ CURRENCY
T I M E D E P O S I T S (M S B )
S*L SHARES (CREDIT UNION)

3
4
5
6

CREDIT MARKET INSTRUMENTS
CORPORATE BONDS
M O R T G A G E L O A N S IN P R O C E S S
OTHER MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS
OPEN-MARKET PAPER
FHLB LO AN S
SECURITY CREDIT
TAXES PAYABLE
MISCELLANEOUS LIABILITIES

952

907

237

240

244

228

225

226

228

231

230

232

30.120
516
29.367
5.205
17.939
6.115
10 8
237

37.268
601
36.479
4.280
24.698
7.304
197
18 8

7.133
258
7.838
768
5.046
1 .964
60
-963

6.875
-53
7.561
484
5.598
1.426
53
-633

6.877
414
5.965
-199
4.588
1.564
12
498

9.081
-89
8.456
2.701
4.197
1.563
-5
714

9.423
228
8.998
173
6.778
1.961
86
19 7

9.453
-38
9.995
922
7.310
1.687
76
-504

9.311
500
9.030
484
6.413
2.093
40
-219

10.811
-89
10.108
2.718
5.413
2.059
8
702

9.810
221
9.339
-290
7.514
2.028
87
259

4.513
-38
4.990
-1.692
4.388
2.210
84
-439

10
11
12
13
14
15
16
17

28.924
28.068
3
1 .994
688
-2.679
59
794

35.639
32.833
1 .972
1.153
776
43
123
711

6.820
7.463
-795
1 .234
420
-2.449
-9
1 61

6.872
5.330
777
271
110
396
21
744

6.020
6.169
704
76
320
299
19
-863

8.659
10.371
-2.267
5
-328
-1.944
44
511

9.090
7.721
1.319
810
426
83
5
45

9.239
7.402
1 .034
232
141
661
40
763

8.651
7.339
1.886
106
537
1.243
34
-608

10.312
8.890
201
101
-341
441
61
1.160

9.329
5.988
3.317
444
148
2.725
21
3

3.946
467
2.984
-687
518
3.153
60
437

NET

-432
1.139

-268
698

-260
2.563

-333
3.428

DISCREPANCY
MEMOt FHLB LOANS

-244
-722
237
-604
-76
-194
-108
12
284
-2.138
-1.136
1 .058
-40
-2.163
345
963
- - - - - - - - — - - - - - - - - - - - - - --------- — — ■
- - - - - - - — —
MUTUAL SAVINGS BANKS

353

424

86

89

92

97

109

110

10.374
-33
152

11.012
342
-87

2.984
-60
54

1.845
-128
24

1.959
188
24

3.687
-135
18

2.796
43
18

2.436
66
-37

2.0032.925
2.15Q
368
-124
190
-86
56
0

108

116

5
6
7
8
9

475
9.452
358
193
4.316

617
9.357
301
4 8J
2.826

108
2.806
205
73
1.505

104
1.512
183
20
241

167
1.994
-87
bl
649

182
3.398
115
125
1.308

202
2.284
97
112
865

134
2.401
32
195
517

09
1.274
57
51
136

186
2.834
84
155
240

111
1.476
-15
-3
-209

10
11
12
13
15

1.299
2.731
100
237
218
328

3.009
2.569
281
-234
122
783

254
709
20
106
-66
76

310
672
36
12
38
333

520
833
11
23
-6
-414

463
537
364
-270
756
224

758
668
-96
71
-191
249

870
627
55
-19
124
-128

918
737
-42
-16
-567
438

874
490
134
-4]1
1.268
-?7

479
1.235
59
-2n
-50
373

16
17

9.861
120

10.172
215

2.681
209

1.553
173

2.205
-320

18

-40

-201

-8

-30

18

23
24
25
26
27
28
29
30
31
32
33

1

INCREASE

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

SAVINGS SHARES
CREDIT MARKET INSTRUMENTS
M O R T G A G E L O A N S IN P R O C E S S
BANK L O A N S N . E . C .
FHLB ADVANCES
TAXES PAYABLE
MISCELLANEOUS LIABILITIES

120

975
-175
-25

LESS

DEPOSITS

CURRENT

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

SURPLUS

1

95
CORPORATE SHARES
CREDIT MARKET INSTRUMENTS
U.S. GOVERNMENT SECU RI TI ES
STATE ♦ LOCAL OBLIGATIONS
-187
CORPORATE BONDS

709
412
33
108
100
-272

2.141
17 8

2.324
-403

2.482
260

1.611
366

-90

-7

-64

-67

-68

73
-12
-970
1.055
104
13
938

-414
358

2
3
4
5
6
7
8
9

HOME MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
COMMERCIAL PAPER
SECURITY RP»S
MISCELLANEOUS ASSETS

10
U
12
13
14
15

MGS D E P O S I T S
ELLANEOUS LIABILITIES

16
17

UNIONS

2.897
56
209
2.632
801
47
1.784

3.390
148
418
2.824
628
53
2.143

858
8
-172
1.022
322
U
689

588
8
-71
651
19
11
621

733
19
18
696
224
12
460

32
412
528
375
13
140

902
45
-112
969
80
13
876

561
43
-234
752
85
14
653

955
28
352
575
88
13
474

1.150
13
563
574
95
13
466

1.207
3
203
1.001
98
13
890

8

2.897

3.390

858

588

733

972

902

561

955

1.150

1.207


111/73 FIGURES ARE TENTATIVE


SURPLUS

5 7 3 NE T ACQ. OF F I N A N C I A L A S S E T S
-225
DEMAND DEPOSITS ♦ fURRENCY
0
TIME DEPOSITS

2.339
258

1
2
3
4
5
6
7

972

CURRENT

NE T ACQ. OF F I N A N C I A L A S S E T S
DEMAND DEPOSITS ♦ CURRENCY
CREDIT MARKET INSTRUMENTS
U.S. GO VE RN ME NT SE CU RI TI ES
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS ASSETS

114

»
0
it)
1

1

-40

19
20
21
22

- - - - - - - -

2
3
4

c redit

16
17
18

34

discr e pa nc y

1

3.368
182

13
14

15

ASSOCIATIONS

2
3
4
5
6
7
8
9

18
19

7
8
9
10
11
12

(1)

ESTIMATFS BASED ON INCOMPLETE INFORMATION.

73

ET ACQ. OF F I N A N C I A L A S S E T S
DEMAND DEPOSITS * CURRENCY
SAVINGS ♦ LOAN SHARES
CREDIT MARKET INSTRUMENTS
U.S. GOVERNMENT SECURITIES
HOME MORTGAGES
CONSUMER CREDIT
CREDIT

INCLUDES

UNION

INVESTMENT

SHARES
COMPANY

SHARES*

1
2

7 NOVEMBER 1973
INSURANCE ♦ PENSION FUNDS

INSURANCE ♦ PENSION FUNDS

10

10

SECTOR

UNADJUSTED

QUARTERLY

1972

1971

S T A T E M E N T S OF S A V I N G AND I N V E S T M E N T
(m i l l i o n s o f d o l l a r s )

FLOWS
1
I

UNADJUSTED
19 ’1
II I

II

1
I

IV

LIFE

1*72

ii

I
INSURANCE

in

IV

1
1

QUARTERLY

I

1973
II

FLOWS

III

COMPANIES

1
2

949
1.448

1 .628
961

235
325

242
339

245
461

368
131

399
286

426
285

435
259

469
337

479
30?

487
259

3
4

12.681
5

14.766
13 0

2.755
-67

3.274
25

3.218
256

3.774
-599

3.399
38 0

3.928
45

3.665
304

4.656
-346

3.831
237

4.960
-34

5
6
7
e
9
10
li
12
13

3.640
8.118
-155
57
5.466
- 2 . 0 72
3.193
1.629
918

3.500
10.129
-236
-22
7. 19 4
-2.138
3.961
1.370
1.007

848
1 .738
-150
25
991
-S4?
518
896
236

797
2.216
43
?7
1.224
-621
863
680
?36

872
1 .868
87
-3
2.094
-512
1.257
-1.055
222

1.057
3.070
12 0
-12
1.705
-773
701
1.329
?46

1.048
1.716
-193
4
1.800
-563
686
-18
255

522
3.105
34
-5
1.389
-670
936
1 .421
256

873
2.238
-197
-9
2.300
-132
1.638
-1.362
250

870
3.8M8
64
-41
1.421
-276
544
2.176
244

1.138
2.215
-4
73
1.48?
-374
701
337
24 1

894
3.865
20
77
843
-10
1.103
1.832
235

14
15
16
17
18

13.336
6.101
5.175
-70
2.130

14.716
7.241
4.600
15
2.860

3.419
1.527
1.32?
-234
804

3.493
1 .567
1.382
80
464

3.321
1.561
1.326
-99
533

3.335
1 .498
1.197
144
496

3.695
1.842
1.178
-201
876

3.839
1.982
1.120
96
641

3.847
1.919
1.105
— ?4
847

4.143
1.918
1.309
182
734

4.107
1.926
1.251
-207
1.137

4.336
1.900
1.406
87
943

19

156

617

574

122

-113

-202

409

52

358

-381

453

-396

PRIVATE

PENSION

7.256
-163

5 .6 9 8
169

1 .717
-325

1 .^47
110

2.366
-134

87fl
-250

1 .456
-34

1 .489
175

1 .875
278

2.146
195

963
-167

1 .689
15

3
4
5
6
7
8

8.915
-1.564
-296
-653
-615
68

7.065
-1.313
958
-1.588
-683
-223

2.908
-«97
-423
-273
-201
31

1.737
-524
40
-394
-170
24

1.879
625
97
629
-101
-4

1.927
-763
337
-788
-312
-36

2.149
-589
-168
-312
-109
-70

1.044
342
205
279
-142
-72

1.945
-303
584
-767
-120
-45

1.259
708
308
5?4
-124
-16

1.103
1?
-119
22*
-94
15

1.138
555
81
574
-100
-19

♦ LOCAL

GOVERNMENT

EMPLOYEE

RETIREMENT

6.824
-91

7.262
-17

1.727
15

2.007
10

1 .297
-100

1.146
-47

2.556
-102

1.885
68

1 .675
64

1 .9?8
-67

2.96?
17 4

1.904
50

3
4
5
6
7
8
9
10

3.185
3.730
-1.162
-815
-347
-174
4.790
276

2.973
4.306
-189
-92
-97
-178
4.804
-131

763
949
-584
-416
— 1 6fl
2
1.463
68

961
1 .036
301
92
209
-139
796
78

769
628
-335
-101
-234
-45
898
110

513
680
-104
-25
-79
-60
882
-38

941
1.717
-57
-142
85
36
1.781
-43

773
1 .0 4 4
-90
4
-94
-162
1.335
-39

746
865
62
71
-9
8
806
-11

953
1.042
79
75
4
-273
1.168
68

900
1 .88ft
419
-100
519
-3?
1.241
260

875
979
325
-200
525
-55
609
100

INSURANCE

1

1.954

2.583

45?

538

594

628

651

665

639

677

690

720

6.616
77

6.202
81

1.762
19

1.814
18

1.768
18

1.430
20

1.309
20

1.619
20

1.844
21

1.588
21

1.601
2?

1.822
22

4
5
6
7
8
9
10

2.471
3.777
-396
3.910
285
-22
291

2.957
2.875
-368
3.304
-63
2
289

749
924
-169
1.044
56
-7
70

737
995
-82
1.102
-17
-8
64

714
966
-7
969
11
-7
70

S88
749
-131
873
7
0
73

685
530
-255
817
-33
1
74

888
638
-127
798
-35
2
73

796
958
145
816
-2
-1
69

8?7
675
-189
830
33
1
65

344
1.173
-90
835
4?fl
0
6?

450
1.292
50
852
389
1
58

11
12

4.400
600
12 0
3.680

994
153
-49
890

1.045
159
-12
898

958
153
-98
903

1.126
15 0
66
910

1.053
150
-14
917

1.120
150
47
923

1.101
150
21
930

1.163

1*

4.D54
599
-115
3.570

150
76
937

1.11?
150
18
944

1.173
150
72
951

15

-608

781

-316

-231

-216

324

395

166

-104

252

20 1

71

1 1 1/73

FIGURES

ARE. T E N T A T I V F




ESTIMATES

BASED

ON

3
4

OF FINANCIAL ASSETS
DEPOSITS ♦ CURRENCY

CORPORATE SHARES
CREDIT MARKET INSTRUMENTS
U.S. G O V E R N M E N T SECURITIES
STATE ♦ LOCAL OBLIGATIONS
CORPORATE BONDS
HOME MORTGAGES
OTHER MORTGAGES
OTHER LOANS
MISC EL LA NE OU S ASSETS

5
6
7
8
9
10
11
12
13

N E T 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
TAXES PAYABLE
MISCELLANEOUS LIABILITIES

14
15
16
17
18

DISCREPANCY

19

NET ACQ.
DEMAND

OF FI NA NC IA L ASSETS
DEPOSITS ♦ CURRENCY

CORPORATE SHARES
CRFDIT MARKET INSTRUMENTS
U.S. GOVE RN ME NT SECURITIES
CORPORATE BONDS
HOME MORTGAGES
MI SC E L L A N E O U S ASSETS

1
2
3
4
5
6
7
8

NET ACQ.
DEMAND

OF FI NA NC IA L ASSETS
DEPOSITS ♦ CURRENCY

CORPORATE SHARES
CREDIT MARK ET INSTRUMENTS
U.S. GO VE RN ME NT SECURITIES
OIRECT
AGENCY ISSUES
STATE ♦ LOCAL OBLIGATIONS
CORPORATE BONDS
MORTGAGES

1
2
3
4
5
6
7
8
9
10

COMPANIES

2
3

13

NET ACQ.
DEMAND

FUNns

1
2

OTHER

1
2

FUNDS

1
2

STAT

CURRENT SURPLUS
PHYSICAL INVESTMENT

INCOMPLETE

INFORMATION.

CURRENT
NET ACQ.
OEMAND

SURPLUS
OF F I N A N C I A L AS SE TS
DEPOSITS ♦ CURRENCY

CORPORATE SHARES
CREDIT MARKET INSTRUMENTS
U.S. GO VE RN ME NT SECURITIES
STATE ♦ LOCAL OBLIGATIONS
CORPORATE BONDS
COMMERCIAL MORTGAGES
TRADE CREDIT

1
2
3
4
5
6
7
8
9
10

NET I N C R E A S E IN L I A B I L I T I E S
CORPORATE EQUITIES
TAXES PAYABLE
POLICY PAYABLES

11
12

DISCREPANCY

15

13
14

SECTOR

S T A T E M E N T S OF S A V I N G AND I N V E S T M E N T
(m i l l i o n s o f C o l l a r s )

UNADJUSTED QUARTERLY FLOWS

1

1971

1972

-86

-342

1
1

UNADJUSTED QUARTERLY FLOWS
1971
III

II

121

93

1*72

1
|

IV

-168

1

II

-262
finance

177

1
I

IV

II I

1973
II

T

Il l

164

-421

-170

34

15 4

CURRENT

SURPLUS

OF

GROUP

1

companies

1
2
3
4
5

4.396
284
1.053
1.291
1.768

11.020
262
4.132
3.819
2.807

1.457
71
497
17?
717

-355
68
-38
781
-1.166

2.500
68
361
1.276
795

1.370
67
709
-450
1.044

2.573
66
706
1.051
750

2.071
65
1.265
1 .085
-344

5.006
64
1.452
2.133
1.357

1.623
63
103
4ft 1
1.056

3.660
6?
969
1.747
88?

1.634
61
400
1.791
-618

NE T ACQ. OF F I N A N C I A L AS S E T S
DEMAND DEPOSITS ♦ CURRENCY
HOME MORTGAGES
CONSUMER CREDIT
O T H E R L O A N S (T O B U S I N E S S )

1
2
3
4
5

6
7
8
9

4.212
3.788
48
376

9.117
5.441
3.h3l
4b

1.553
543
1.191
-181

-497
943
-1.324
-116

2.980
1.309
217
1.454

964
1.334
-29
-341

1.852
1.004
600
248

1.419
1.303
934
-818

4.882
1.800
2.126
956

1.830
713
780
337

3.608
632
2.231
745

1.279
702
129
448

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

6
7
a
9

PHYSICAL INVESTMENT
MULTI-FAMILY STRUCTURES
NONRESIDENTIAL STRUCTURES

l
2
3
4
5
6
7
8

PEAL

ESTATE

INVESTMENT

TRUSTS

I
2
3

404
13 4
270

1.125
37 1
754

109
36
73

99
33
66

139
46
93

201
66
135

344
114
230

252
83
169

3?8
108
220

291
96
195

325
107
218

363
120
243

4
5
6
7
8

2.593
748
742
1.054
49

5.350
1.176
1.900
1.768
506

609
172
160
250
27

627
190
166
260
11

751
228
208
314
1

1.389
340
443
507
99

1.311
479
271
446
115

934
14
533
255
132

1.716
343
653
560
160

1.285
2P0
396
475
13 4

1 .427
311
440
524
15?

1.582
344
487
583
168

NET ACQ. OF F I NA NC IA L ASSETS
HOME MORTGAGES
MULTI-FAMILY MORTGAGES
COMMERCIAL MORTGAGES
MISCELLANEOUS ASSETS

9
10
11
12
13
14

2.997
938
1 . 9 91
134
45
89

6.475
1 .498
4.826
480
158
322

718
292
410
34
11
23

726
282
427
17
6
11

890
234
636
47
16
31

1 .590
348
1.241
51
17
34

1.655
502
1.069
204
67
137

1.186
338
830
115
38
77

2.044
310
1.686
11 0
36
74

1.576
440
1.136
128
42
86

1.75?
474
1.278
14?
47
95

1 .945
516
1.429
158
52
106

N E T I N C R E A S E IN L I A B I L I T I E S
CORPORATE EQUITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
MULTI-FAMILY RESIDENTIAL
COMMERCIAL MORTGAGES

15
16
17

416
66 1
780

374
1.512
2.460

264
112
0

-84
182
312

1 21
0
468

136
512
542

140
110
615

38
14
663

60
876
640

15 0
998
-140

178
937
21

169
536
566

18

68

151

16

17

1

84

18

48

0

0

0

20
OPEN-END

INVESTMENT

CORPORATE BONDS
BANK LOANS N.E.C.
COMMERCIAL PAPER
MISCELLANEOUS

9
10
11
12
13
14
15
16
17

LIABILITIES

18

COMPANIES

1

-598

-1.158

7

-49

-350

-446

-18

-43

-651

-415

-22«

-97

2
3

583
139

-1.791
47

-341
-I

167
-4

482
52

-173
-51

-697
66

-272
-8

-649
40

-753
402

-706
-80

-334
63

4
5
6
7
a

445
-1
-291
624
-334

-1.821
-17
130
158
-305

268
-608
-255
-111
-24?

134
37
-180
352
-135

-550
980
102
380
498

-473
351
-1
212
140

-348
-415
12
-113
-314

-745
481
142
93
246

-255
-434
-23
-34
-377

-1.297
142
292
-195
45

-564
-62
81
-53?
389

-470
73
38
-341
376

9

1.181

-633

-348

216

832

273

-679

-229

2

-338

-478

-237

CURRENT

SURPLUS

NET ACQ.
DEMANO

1

OF F I N A N C I A L A S S E T S
DEPOSITS ♦ CURRENCY

CORPORATE SHARES
CREDIT MARKET INSTRUMENTS
U.S. GO VE RN ME NT SE CURITIES
CORPORATE BONDS
COMMERCIAL PAPER
NET

SHARE

ISSUES

2
3
4
5
6
7
8
9

S E C U R I T Y B R O K E R S ANO D E A L E R S

1
2
3
4
5
6
7
8

1 .297
22
121
-1.365
-1.599
113
121
2.519

4.332
28
142
238
212
-116
142
3.924

-553
12
-287
-1.135
-447
- 4 01
-287
857

140
26
-688
176
407
457
-688
626

3.097
12
1.082
1 .079
-85
82
1.082
924

-573
6
-958
-1.674
-402
-314
-958
2.053

1 .047
7
-51
-287
-290
53
-50
1.378

-76
7
-497
42
662
-123
-497
372

3.934
8
1.648
2.157
242
2*8
1.647
121

-4.618
7
-1.271
-2.234
-647
-317
-1.270
-1.120

-713
5
379
535
65
9?
378
-1.63?

9
10
11

1.134
652
482

4 . 09b

-552
-336
-216

81
267

3.030
2.782
248

-638

1.021
1.334
-313

-155
57
-212

3.870
3.534
336

-4.685

-1.000

-186

-716
-514
-20?

3.925
173

362

II1/73 FIGURES ARE TENTATIVE ESTTMATFS BASED ON INCOMPLETE INFORMATION.




-4.404
-281

- 1 . 2 2 1 NE T ACQ. OF F I N A N C I A L A S S E T S
DEMAND DEPOSITS ♦ CURRENCY
5
-498
CORPORATE SHARES
—8
CREOIT MARKET INSTRUMENTS
459
U.S. GO VE RN ME NT SE CU RI TI ES
STATE ♦ LOCAL OBLIGATIONS
31
-498
CORPORATE BONDS
SECURITY CREDIT
-720
-1.253
-1.069
-184

NET

INCR.

IN L I A B . - S E C .

CREDIT

FROM B A N K S
CUSTOMER

CREDIT

BALANCES

1
2
3
4
5
6
7
8
9
10
11

7 NOVEMBER 1973
* I T Of THE WORLD

REST OF THE WORLD

12

SFCTOR

UNADJUSTED QUARTERLY
1971

1972

ST A T E M E N T S OF S A V I N G AND
(M IL LI ON S OF DO LL AR S)

UNADJUSTED

FLOWS
1
1

II

1971
III

IV

1
I

1972
I
REST

1
2
3
4
5

808
66.288
65.480
3.598
2.790

-4.610
73.462
78.072
3.744
8.354

12

INVESTMENT

218
17.230
17.012
908
690

II
OF

THE

III

IV

1
1

T

1973
II

quarterly

flows

III

WORLD

-1.266
16.388
17.654
925
2.191

373
16.445
16.072
9b9
586

-880
17.387
18.267
973
1 .853

-1.489
17.897
19.386
982
2.471

-2.410
17.532
19.942
923
3.333

169
20.646
20.477
866
697

593
22.305
21.712
752
159

471
24.679
24.208
864
393

A63
4.213
544
-170
599

3.466
3.840
7
1.058
332

4.553
6.295
3
123
616

2.548
5.016
0
511
1.071

3.874
10.104
0
-7?2
1.188

238
2.437
Q
606
843

-616
24,586
25.202
844
1.460

EXPORTS
IMPORTS

(U.S.

BALANCE*

567 NET F I N A N C I A L
NET ACQ. OF
813
GOLD ♦ SDR
0
U.S. DEM.
441
U.S. TIME
-81

SIGN

REVERSED)

INVESTMENT
FI NA NC IA L ASSETS
* S <I>
DEP. ♦ CURRENCY
DEPOSITS

13.575
22.694
1.334
2*4
547

11.430
19.364
554
1.522
2.618

3.192
6.169
65?
123
677

7.162
9.285
450
-235
442

2.867
4.923
-2
675
-239

IS

836
26.415
26.302
272
-159

2.268
8.384
8.402
44
-62

-3
7.365
6.735
-64
694

?30
9.360
8.701
151
508

531
3.380
4.495
21
-1.136

693
2.995
3.015
69
-89

165
249
10 4
25
12 0

323
5.145
5.329
-142
-42

1 .0«7
-5
-46
92
-51

1.301
8.205
7.806
60
339

151
-2.189
-2.837
87
561

1.000
-443
-1.604
133
1.028

16
17

-38
84

55
817

-92
-85

-86
-26

-22
360

14
36

-13
312

-26
18 4

80
285

-56
97

*
-68

5
4?4

18

-6.768

3.146

-2.468

-850

240

-498

1.730

-73

1.987

91

3.080

-533

19

-4.069
-116
-2.583

933
160
2.053

-1.411
1
-1.058

1 .255
-425
-1.680

-1.339
184
1.395

408
-361
-545

341
183
1.206

998
178
-1.249

-814
160
2.641

-277
253
115

693
475
1.91?

615
221
-1.369

23

9.119
-1.731

7.934
-155

2.977
-186

2.123
-923

2.056
6

3.350
-63

374
93

1.742
-119

2.468
-A 6

6.230
-220

2.199
-A

246
13

NE T I N C R E A S E IN L I A B I L I T I E S
U.S. OFF. FGN. EXCHANGE
♦ N F T IMF P O S I T I O N

22
23

24
25
26
27
28

27
5.698
940
2.635
2.123

-412
3.844
1 .0?6
2.413
405

109
1.560
268
663
629

-7
1.885
312
1 .298
275

-149
1.422
78
923
421

-46
988
483
-6
51 1

-76
438
422
660
-664

-8 1
438
-128
652
-86

-209
1 .9A0
249
1 .0*7
644

-166
3.463
115
2.542
806

-39
1.831
167
731
933

-50
-655
150
-918
113

F O RE IG N CO RP OR AT E SHARES
CREDIT MARKET INSTRUMENTS
CORPORATE BONDS
BANK LO AN S N.E.C.
OTHER LOANS

24
25
26
27
28

29
30

33
526

84
551

-14
173

20
85

-8
164

67
16 0

-40
-46

-3
500

60
-63

-48
-264

-12?
-409

8
12

31
32
33
34
35

4.566
252
1 .352
3.782
-820

4.022
270
3.578
1.381
-1.207

1.335
49
562
1.440
-716

1 *063
10 7
299
1.110
-453

621
62
204
-36
391

2.244
37
1.399
1 .396
-588

5
71
723
-368
-421

1.007
47
1.727
686
-1.453

766
115
— 271
-333
1.255

3.465
77
1.479
2.076
— 167

946
81
1.860
979
-1.983

918
2
801
990
-875

36

-10.785

-3.076

-2.502

-4.971

-2.281

990

-995

-1.220

-1.851

-3.715

155

893

6
7

a
9
10
u

12
13
14

20
21
22

(?)

II1/73 FIGURES ARE TE n T a TIVF ESTI*ATFS BASED ON INCOMPLETE INFORMATION.




(1)

CONSISTS
EXCLUDES

NET

OF U.S.
FINANCE

U.S. C O R P O R A T E SHARES
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
U . S . C O R P O R A T E B O N O S (2)
ACCEPTANCES

U
12
13
1*
15

SECURITY CREDIT
TKAOE CREDIT

16
17

MI SC EL LA NE OU S ASSETS
U. S. B A N K L I A B I L I T I E S TO
FOREIGN AFFILIATES
O I R . I N V E S T M E N T IN U . S .
OTHER

MISC EL LA NE OU S LIABILITIES
U S G E Q U I T Y IN I B RD * E T C .
F G N . C U R R . H E L D IN U . S .
U . S . O I R . I N V . A B R O A D (2)
OTHER

31
32
33
34
35

36

DISCREPANCY

ONLY OF NET PU R C H A S E S FR O M U.S.
ACQUISITIONS FROM OTHER SOURCES.
IN F O R E I G N
ABROAD.

19
20
21

29
30

SECURITY DEBT
TRADE DE8T

SECURITY ISSUES
U.*. INVESTMENT

18

MARKETS

TO

7 NOVEMBER 1973
MONETARY AND INSURANCE RESERVES
13

MONETARY ANO INSURANCE RESERVES

GOLD*

UNADJUSTED

1971

QUARTERLY

1972

OFFICIAL

13
FOREIGN

EXCHANGE* TREASURY CURRENCY*
(MILLIONS OF DOLLARS)

FLOWS
1
1

II

UNADJUSTED
1971
III

IV

GOLO

AND

1972

1
1

II

I

OFFICIAL

FOREIGN

IV

II I

HOLDINGS

e xchange

1
1

AND

INSURANCE

QUARTERLY

FLOKS

1973
II

I

RESERVES

(1)

III
___________

1

-3.065

-709

-838

-1.373

8

-607

86

-122

-66

-220

-17

2
3
4

-1.334
-743
-591

-554
-10
-544

-652
-252
-400

-450
-250
-200

2
2
0

-544
0
-544

-7
-7
0

-3
-3
0

0
0
0

0
0
0

-9
-Q
0

13

TOTAL

U.S.

RESERVES

1

0 U.S. GOLD STOCK ANO SDR»S
U. S. G O V T . — EX. ST AB . F U N D
0
M O N E T A R Y A U T H O R I T I E S (2)
0
U.S.

FOREIGN

EXCHANGE

POSITION

2
3
4
5

5

-1.731

-155

-106

-923

6

-63

93

-119

-66

-220

-8

13

6
7
8

-381
-141
-240

-35
-210
17b

66
3
63

-72
1
-73

-2
4
-6

-64
-64
0

245
244
1

-134
-238
104

-82
-152
70

-233
-45
-1P8

0
0
0

0
0
0

9
10
il

-1.350
-1.349
-1

-120
-118
-2

-252
-274
22

-851
-847
-4

8
7
1

1
2
-1

-152
-151
-1

15
20
-5

16
11
5

13
15
-2

-8
5
-13

13
0
13

96
113
-17

88
107
-19

193
111
8?

64
68
-4

TOTAL U.S. GOVT. LI ABILITY
MONE TA RY AUTH OR IT IE S ASSET
UNALLOCATED ASSETS

1
2
3

LIFE INSURANCE RESERVES*
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

TREASURY

1
2
3

490
478
12

533
686
-153

143
150
-7

114
84
30

CURRENCY

135
123
12

ANO

173
268
-95

SDR

OF F I C I A L FGN. C U R R E N C Y
TREASURY
MONETARY AUTHORITIES

HLDGS

NE T IMF P O S I T I O N
U.S. GOVERNMENT ASSET
MONETARY AUTHORITIES

6
7
8
9
10
11

CERTIFICATES

153
171
-18

111
134
-23

. - - - ———————- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - — - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

INSURANCE

AND

PENSION

FUND

RESERVES

1
2
3

6,172
71
6.1^1

7.310
69
7.241

1.545
18
1.527

1.586
19
1.567

1.578
17
1.561

1.516
18
1.498

1.859
17
1.842

1.999
17
1.982

1 . 93 6
17
1.9) 9

1.935
17
1.918

1.943
17
1.926

1.917
17
1.900

4

6.172

7.310

1.545

1 .586

1.578

1.516

1 .#59

1.999

1 . 93 6

1.935

1.943

1.917

NET

5
6
7
8
9
10
11

5
6
7
8
9
10

22.098
2.H43
19.255
5.175
7.256
6.824

20.713
3.153
17.560
4.600
5.69b
7.262

6.623
1.857
4.766
1.322
1.717
1.727

4.967
231
4.736
1.382
1.347
2.007

5.546
557
4.989
1.326
2.366
1.297

11

22.098

20.713

6.623

4.967

5.546

IN A S S E T S

(HH)

3.139
-82
3.221
1.197
878
1.146

7.324
2.134
5.190
1.178
1.456
2.556

4.764
270
4.494
1.120
1.489
1.885

> . 48 6
831
►. 6 5 5
1.10 5
.875
1.67 5

5.194
-1A9
5.383
1.309
2.1*6
1.928

7.506
2.330
5.176
1.251
963
2.962

4.675
-324
4.999
1.406
1.689
1.904

3.139

7.324

4.764

) . 4A 6

5.194

7.506

4.675

NET

CHANGE

IN A S S E T S

NET

CHANGE

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

INTERBANK

(HH)

CLAIMS

1

5.582

1.985

1.161

1.266

1.813

638

1.553

3.177

-3.383

3.765

552

8.016

2
3

3.638
494

-2.141
1.125

-1.382
404

874
466

2.364
-559

683
509

-989
-1.251

-790
2.041

-1.045
-174

1.226
234

-2.05*5
-1.231

6.131
2.011

4
5
6
7
8
9
10

1.450
1.572
-214
309
14 2
1.288
*7

3.001
458
1.573
-392
181
-1.243
339

2.139
2.085
54
-43
446
1.605
23

-74
-85
-87
-4
-196
202
0

8
-28
1.474
-94
-253
-1.155
0

-554
-2.047
-679
-6
596
-1.958
0

3.793
1.695
-274
-135
369
1.735
0

1.926
1.760
1.124
-140
-196
972
0

-2.164
-950
1.402
-111
-588
-1.992
339

2.305
523
-1.820
531
657
1.084
71

3.838
2.591
-317
-339
394
2.871
— 18

11

-122

2.543

54

11

36

1.493

2.098

166

-1.214

1.782

12

5.582

1.985

1.161

1.266

1.813

638

1.553

3.177

-3.383

13
14
15

-214
82
-296

1.573
-369
1.942

54
-1
55

-87
-23
-64

1.474
1.817
-343

-679
-1.670
991

-274
626
-900

1.124
♦ 12
712

16
17
18
19
20

5.796
4.010
3.638
494
-122

412
1.527
-2.141
1.125
2.543

1.107
-924
-1.382
404
54

1.353
1.351
874
466
11

339
1.841
2.364
-559
36

1.317
2.685
683
509
1.493

1.827
-142
-989
-1.251
2.098

2.053
1.417
-790
2.041
166

21

309

-392

-43

-4

-94

-6

-135

-140

22
23
24
25

1.477
1.288
47
142

-723
-1.243
339
181

2.074
1.605
23
446

6
202
0
-196

-1.406
-1.155
0
-253

-1.362
-1.958
0
596

2.104
1.735
0
369

776
972
0
-196
<1>

(2)

2
3

-126
874
3.647
-584
662
-2.657
-194

COMMERCIAL BA NK IN 6— TOTAL
COMMERCIAL BANKS
TO MO NE TA RY AU TH OR IT IE S
LOANS FROM AFFILIATES
LO A N S F R O M F G N. BK. AG.
DEM, DEP. O F FG N. BK. AG
TI M E DEP. O F FG N. BK. AG

4
5
6
7
8
9
10

1.247

-1.000

FOREIGN BANKING AGENCIES—
D E P O S I T S OF B A NK S

3.765

552

8.016

1.402
263
1.139

-1.820
-1.852
32

-317
-74
-243

3.647
897
2.750

-4.785
-2.433
-1.045
-174
-1.214

5.585
3.242
1.226
234
1.782

869
-2.039
-2.05*5
-1.231
1.247

4.369
7.142
6.131
2.011
-1.000

-U I
-2.241
-1.992
339
-568

531

-339

-584

1.812
1.084
71
657

3.247
2.871
-18
394

-2.189
-2.657
-194
662

MONET.

1

AUTH.--MEM. BANK RES*
— VAULT CASH

NET

CHANGE

IN A S S E T S

11
12

MONETARY AUTHORITIES
F.R. FLOAT
L O A N S TO M E M B E R BA NK S

13
14
15

COMMERCIAL BA NK IN G— TOTAL
COMMERCIAL BANKS
MEMBER BANK RESERVES
VAULT CASH
O E P O S I T S AT F G N . BK. AG.
BANK AFFILIATES— LOANS

16
17
18
19
20

to

affiliate

banks

FOREIGN BANKING AGENCIES
0 E M A N 0 O E P O S I T S AT B A N K S
TI ME O E P O S I T S AT B A N K S
L O A N S TO B A N K S

LINES 1 ♦ 2 EXCLUDE INITIAL ALLOCATION Of SO**S OF S067 MILLION
IN J A N U A R Y 1970* S 7 1 ? M I L L I O N IN J A N U A R Y 1971# A M O * 7 1 0 M I L L I O N
IN J A N U A R Y 1972.
T R A N S A C T I O N S IN S O R ' S A R C I« L I M E 2.
ALSO
E X C L U O E O F R O M THE TA BL E ARC R E V A L U A T I O N S O F F O R E I G M C U R R E N C Y
H O LD IN GS * GOLD* SOR« S* A M O IMF P O S I T I O N .
T H E S E A L L O C A T I O N S A**0
R E V A L U A T I O N S AR C i M C L U O E n IN T A t L C S o n 0 U T S T A N 0 I N 9 S .
TREASURY SOLO STOCK.

II1/73 FIGURES ARC TC NT a TIVF CSTlMATfS BASED ON INCOMPLETE INFORMATTON.




CHANGE

PENSION FUNO RESERVES:
N E T C H A N G E IN L I A B I L I T I E S
U.S. GOVE RN M E NT
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
S. ♦ L . G O V T . * R T R . F U N D S

21
22
23
24
25

- :

■•;

MONEY ANO DEPOSITS S U M M A R Y
14

s--!W«-j
MONEY

.

.

I
1971

1972

1

.

1^71
II

.

•' I
IV

III

1

17.403

20.384

14.275
13.991
10.887
00 i
-971
993
2.281
2*4

1 9 *<>62
18.440 •
12.788
17 6
1.819
1.912
1.745
1.522

1*72

1

DEMANO

2
3
4
5
6
7
8
9

v.
s

-.a

; •r -

v.V'v'i^

MONEY ANO DEPOSITS S U M M A R y Y
v V
14 ^

,.-5

S T O C K A N D T I M E iftflD S " A V I N G S ‘ A C C O l J N T S
( M IL LI ON S OF D O LL AR S)

f

U N A O J U S T E O -QUARTERLY F L O W S

\

--r O--. w:>,-V-•>;■?■j*; ■•

1
DEPOSITS

II
AMO

^

-----

-I

ITT

, - Iv

UNADJUSTED 0UART£RLY

FLOWS

1973
\ ' * 1

ir

III

CURRENCY

12.797

-2.065

19.204

-10.308

8.325

-562

8. 5 1 8
8.395
5.329
944
277
-53
1.898
123

-3.119
-3*084
-620
37
-1.470
33 7
-1.368
-235

17.945
17.270
11.237
1.946
1.664
666
1.757
675

-7.714
-7.544
-3.976
-1.622
475
-1.079
-1.342
-170

6.606
5.548
3.258
-939
600
806
1.823
1 .058

-471
-594
1 .823
-16
-737
501
-2.165
123

22.929

-11.191

11.014

-8.952

21.541 -1 3. 29 5
21.030 -12.573
-7.939
11.683
-1.858
2.753
-1.468
1 .481
1 .6fl4
13 0
-1.438
3.429
-722
511

11.351
10.745
6.630
-3fl
914
633
2.606
606

-3.818
-4.259
1.275
-552
-1.599
-110
-3.273
441

NET

CHANGE

IN

ASSETS

MONEY STOCK
DOMESTIC SECTORS
HOUSEHOLDS
NONFINANCIAL BUSINESS
S. ♦ L . G O V E R N M E N T S
FINANCIAL SECTORS
MAIL FLOAT
RE S T OF THE WO RL D

1
2
3
4
5
6
7
8
9

10

3.128

422

4.279

1 .254

1 .259

-2.594

1.719

-91

1 .3*8

2. 1 0 4

-337

-5.134

11
12
13
14
15

17.403
4.408
897
1 19
3.392

20.384
4.032
-284
-96
4.412

12.797
2.040
187
-32
1 .685

-2.065
720
746
1
-27

19.204
2.808
10
92
2.706

-10.308
-2.419
-1.165
-204
-1.050

8.325
4.427
1.376
37
3.014

-562
-2.003
-478
-59
-1.466

22.929
4.027
-17
13 0
3.914

-11.191
234
1.589
41
-1.396

11.014
4.294
619
27
3.64A

-8.952
-4.172
-2.910
63
-1.325

N E T C H A N G E IN B K G . S Y S T E M L l A B
MONETARY AUTHORITIES
U.S. GOVT. CASH ♦ DEPOSITS
FOREIGN OEPOSITS
CURRENCY

11
12
13
14
15

16
17
18
19

12.995
2.231
165
10.599

16.352
706
1 .618
14.028

10.757
3.892
155
6.710

-2*785
16.396
-7.889
' 5 0 ;8 ' 1 . 2 4 9
-1.429
. -236
583 ■
34
-3.057
14.564
-6.494

3.898
343
1.021
2.534

1.441
387
182
872

18.902
1.405
381
17.116

-11.425
515
-763
-11.177

6.720
-956
579
7.09T

-4.780
-2.224
378
-2.934

COMMERCIAL BANKING
U.S. GO VE RN ME NT DEPOSITS
FOREIGN DEPOSITS
PRIVATE DOMESTIC

16
17
18
19

SAVINGS

ACCOUNTS

25.144

21.<0 7 6

20*760

21.758

32,508

20.620

14.160

10.433
-1 .*5-46
11.882
97

10.114
?. 61.4’
7.424
76

10.656
5*377
5.553
-274

11.140
3.315
8.186
-361
:r
5.298
i m o
'■ > - 4
3.761

20.076
1 6 *8529.001
223

11.814
4 .?4 9
7,470
95

10.430
5; 25 0
164
2*98#

8*-67«
1 ;tA8
W4ft
585
0
843

14.034
*'.'069
5.039
-74
- ■<*
10.565
4.423
70
-94^
‘ ‘ -Of
-81

TI

1

82.189

8^.738

2
3
4
5

41.3*3
8.685
32.418
260

42.343
760
33.045
-462

6
7
8
9
10
11

' 2 9 . 8 39
• 3.600
6*
v 7.159
■:
*52
547

29.848
3.110^
77 *
6 . ‘7 7 7
-87 *
2.618

12
13
14
15
16
17

40.826
9.H61
2.897
28.068
;2 7 . « 5 9
209

7.471
46.395
11.002
10.172
2.681
1 .5 5 3
3.390
858
588
7.463
5.330
32.833
3 2 . 4 r 5 :■■■ 7 . 6 3 5 ;:'“ :5 i J4 0 I '*
418
-172
-71
, ••
■
•' V«J

18

70.4S6

75.825

■*15.r91
6.728
1.0d.3
5.687
• '' 38'
4.81*
1.100
' 3T
..-4?
54
677

15.992

E

DEPOSITS

19*576

7.720
10.469
*.*544
1 .689
8.728
3.062
114 1
52
■■■■■’ ■■■'"-■ F2
6 *.47 7
5*4:86
'’■ 7 5 0
’ ^i.«5d
■ 13
-I
'
’7 0 5
3; 4b 8
-24
' 24
*
-239
442

13.028

ANO

7*782
: 700
-8
1*290
• 18
332

9.V59
510
11-8
290
' - ‘3 7
616

9 * 1 0 7 • 14.711
10.962
2.339
2.205
3.368
97 * ’ • 902
733
6.169
10.371
7.721
9.9S9
7; 8 3 3
6*151
412
18
-112
:/ * ...^

10 .1 04 *
2.141
.....

18.d56

i5;566

7 *609• sort

^ 9
1*436
\4
599

21*908

1.071

1.188

7.402
7.636.
-234

10.618
2.324
955
7,339
6. $ 8 7
352

12.522
2.482
' 1.1*0
8.890

19.497

15.564

22*389

I IT/73 FlGdwPS A^t'fE'MtATf V F ’E S f fMATPS "BASED 0 N ;INCOMPLETE INFORMATION^




8i3?7
563

8.#0*
1 i'fri 1
1.-207
5.988
sires
203
17.281

U.S.

NET

GOVERNMENT

CHANGE

-

DEPOSITS

TOTAL

10

1

COMMERCIAL BANKING LIABILITY
2
large
N E GO TI AB LE CD'S '
3
O T H E R AT C O M M E R C I A L BA N K S
4
AT F O R E I G N B A N K I N G AGS.
5
A C Q U I R E D ‘B Y S
^
HOUSEHOLDS
6
CORPORATE BUSINESS
:
-7
.-U.S. G O V E R N M E N T
8
‘S T A T E ♦ L O C A L G O V E R N M E N T S
9
MUTUAL SAVINGS BANKS
10
FOREIGN
11

A T S A V I N G S I N ST ITU T IONS
b26
-414
MU TU AL S A VI NG S BANKS
CREDIT UNIONS
73 ■■
S A V I N G S ♦ L O A N ASSNS.
467
‘ H E L D BY t H O U S E H O L D S - ^
1 ,437
CREDIT UNIONS
-970
M E M O 1’ T O T A L O F H O U S E H O L D S
*
11.661
TFME ♦ SAVINGS ACCOUNTS

12
13
14
15
16

17
18

7 NOVEMBER
U.S. dOVT.
15

1973
SECURITIES

U.S. GOVT. SECURITIES
15
U.S.

UNADJUSTED

QUARTERLY

GOVERNMENT SECURITIES MARKET
(MILLIONS OF DOLLARS)

FLOWS

QUARTERLY FLOWS

UNADJUSTED
1971

I
1

SUMMaRY

IV

1
|

1972

1
1

1973
II

19 7 1

1972

1
2
3
4

29.868
26.023
2.425
23.598

23.585
13.919
3.295
10.624

2.153
1.876
676
1 .200

11.638
9.536
612
8.924

14.472
12.311
657
11.654

5.704
3.725
797
2.928

-3.512
-6.012
847
-6.859

6.842
4.596
772
3.824

14.551
11.610
879
10.731

11.544
8.201
891
7.310

-25
-5.941
911
-6.852

7.205
-1.141
441
-1.502

5
6
7
B

3.845
640
-1.091
4.296

9.666
1 .982
1.502
6. 1 8 2

277
88
-124
313

2.102
-5
90
2.017

2.161
369
-163
1.955

1.979
704
-117
1.392

2.500
324
61
2.115

2.246
542
621
1 .083

2.941
412
937
1 .592

3.343
88
571
2.684

5.916
-9?
134
5.874

8.346
392
349
7.605

9
10
11
12
13
14

P9.R68
-4
-1.525
-1.462
-63
8.644

23.585
5
-1.418
-1.330
-88
339

2.153
-4
-681
-43
-638
1.177

11.638
0
-1.028
-1.041
13
2.109

14.472
3
194
139
55
3.159

5.704
1
1 .560
1.573
-13
— 66

-3.512
-1
-427
-390
-37
1.699

6.842
0
-1.821
-1.785
-36
-1.707

14.551
5
-730
-7?8
-2
413

11.544
5
-102
-88
-14
4.068

-25
-7
230
240
-10
1.278

7.205 NET ACQUISITIONS, BY SECTOR
9
U. S. GO V T . ( A GE NC Y SEC.)
468
SPONSORED CREDIT AGENCIES
TREASURY MARKETABLE
468
0
FHLB SPECIAL ISSUE
490
FEDERAL RESERVE SYSTEM

15
16
17

26.302
13.948
12.354

8.402
2.250
6.152

6.735
1.634
5.101

8.701
3.800
4.901

4.495
4.366
129

3.015
2.629
386

104
-3.035
3.139

5.329
1 .658
3.671

-46
998
-1.044

7.806
-1.641
9.447

-2.837
-2.806
-31

-1.604
-1.342
-262

18

-3.S49

16.257

-5.074

1.856

6.621

1.194

-4.887

5.041

14.909

-233

1.311

7.834

TOTAL

19
20
21
22

-12.958
2.425
-10.923
-4.460

4.078
3.295
-205
988

-3.219
676
-3.696
-199

734
612
284
-162

-889
657
-1.755
209

-369
797
107
-1.273

-2.794
847
-4.540
899

1 .862
772
123
967

5.379
879
4.105
395

2.770
891
268
1.611

2.225
911
-954
2.268

8.849
441
3.529
4.879

PRIVATE DOMESTIC NONFINAN.
S A V I N G S B O N D S (HH)
TREAS. EXCL. SVGS, BONDS
AGENCY ISSUES

23
24
25
26

-12.746
2.425
-11.709
-3.462

4.358
3.295
1.538
-475

-3.793
676
-4.285
-184

2.799
612
1.927
?60

-3.065
657
-4.010
288

741
797
1 .429
-1.485

-1.083
847
-2.590
660

2.270
772
1.069
429

2.430
879
1.630
-79

3.238
891
582
1 .765

1.488
911
-66?
1.239

9.019
441
5.076
3.502

27
28
29

2.016
1.9«1
55

-2.386
-3.126
740

1.209
1 .193
16

-1.137
-1.036
-101

2.815
2.640
175

-1.878
-2.033
155

-1.924
-2.091
167

-323
-437
114

1.739
1.435
304

-608
-973
365

92 1
5 81
340

-1.539
-2.000
461

30
31
32

-2.248
-1 . 1 9 5
-1.053

2. 1 0 6
1.383
723

-635
-604
-31

-928
-607
-321

-639
-385
-254

768
711
57

213
1 41
72

-85
-509
424

1.210
1.040
170

140
659
-519

-184
-87"*
689

1.369
453
916

33
34
35

" 6.944
3.115
3.829

6.463
2.400
4.063

-1.122
-1.522
400

-93
-1.445
1.352

7.713
6.213
1.500

-1.447
-2.266
819

-1.492
-2.370
878

1.314
1 .081
233

8.088
5.955
2.133

-5.807
-5.936
129

-1.050
-3.404
2.345

-225
-3.071
2.846

COMMERCIAL BANKING
TREASURY ISSUES
AGENCY ISSUES

33
34
35

36
37
38

2.465
-1.447
3.912

5.716
1.757
3.959

-733
-994
261

1.215
364
851

-203
-145
-58

3.010
802
2.208

-601
-1.054
453

1,865
734
1.131

1.442
1.275
167

2.804
1.326
1 .478

145
-1.055
1.200

-790
-1.176
386

PRIVATE NONBANK FINANCE
TREASURY ISSUES
AGENCY i s s u e s

36
37
3B

39
40
41

5.205
1.354
3.851

4.280
926
3.354

768
401
367

484
222
262

-199
-300
101

2.701
745
1.956

173
-176
349

922
-107
1 .029

484
464
20

2.718
1.750
968

-290
-650
360

-1.692
-1.610
-82

SAVINGS ♦ LOAN ASSNS.
TREASURY ISSUES
AGENCY ISSUES

39
40
41

42
43
44

358
-5
363

30 1
-132
433

205
51
154

183
-105
288

-87
-19
-68

115
-24
139

97
-49
146

32
-14
46

57
-45
102

84
-93
177

-15
-166
151

-175
-5
-170

MUTUAL SAVINGS BANKS
TREASURY ISSUES
AGENCY ISSUES

42
43
44

45
46
47

801
331
470

628
380
248

322
15?
170

19
-53
72

224
108
116

375
241
134

80
44
36

85
47
38

88
48
40

95
53
42

98
54
44

104
58
46

CREDIT UNIONS
T REASURY ISSUES
AGENCY ISSUES

45
46
47

48
49
50

-155
-233
78

-236
-253
17

-150
-137
-13

43
-21
64

87
63
24

120
53
67

-193
-159
-34

34
34
0

-197
-181
-16

64
18
46

-4
-138
134

20
-23
43

LIFE INSURANCE
TREASURY ISSUES
AGENCY ISSUES

48
49
50

51
52
53

-296
26
-322

958
868
90

-423
-235
-188

40
42
-2

97
84
13

337
343
-6

-168
-125
-43

205
95
11 0

584
555
29

308
45
263

-119
-141
2?

81
81
0

PRIVATE PENSION FUNDS
TREASURY ISSUES
AGENCY ISSUES

51
52
53

54
55
56

-1.162
-815
-347

-189
-92
-97

-584
-416
-168

301
92
209

-335
-101
-234

-104
-25
-79

-57
-142
85

-90
4
-94

62
71
-9

79
75
4

419
-100
519

325
-200
525

S.

FUNDS

54
55
56

57
58
59

-396
-215
-181

-368
-282
-86

-169
-1 0 8
-61

-82
-40
-42

-7
3
-10

-131
-128
-3

-255
-169
-86

-127
-129
2

145
144
1

-189
-167
-22

-90
-60
-30

50
26
24

OTHER INSURANCE COMPANIES
TREASURY ISSUES
AGENCY ISSUES

57
58
59

I N V E S T M E N T COS. (TREAS.)
SECURITY BROKERS ♦
D E A L E R S (TREAS.)

61

II

III

I

II

IV

III

I

III

60

-291

130

-255

-180

102

-1

12

142

-23

292

81

38

61

-1.599

212

-447

407

-85

-402

-290

662

242

-647

65

459




LOAN

1
2
3
4

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 . A G E N C Y I S S U E S (2)

5
6
7
8

FOREIGN
SHORT-TERM
OTHER
PRIVATE

9
10
11
12
13
14

MARKETABLE

15
16
17

DOMESTIC

18

HOUSEHOLDS
SAVINGS BONDS
TRFAS, EXCL, SVGS,
AGENCY ISSUES

BONOS

19
20
21
22
23
24
25
26

CORPORATE BUSINESS
TR EASURY ISSUES
AGENCY ISSUES

27
28
29

STATE ♦ LOCAL g o v e r n m e n t s
TREASURY ISSUES
AGENCY ISSUES

30
31
32

PARTICIPATIONS

♦ L. G O V T . . R T R .
TREASURY ISSUES
AGENCY ISSUES

(1)

WH ER E NOT SH OW N
AGENCY ISSUES.

(2)

TH E S E IS SU FS ARF O U T S I D E THE B U D G E T AND O U T S I D E THE U.S. G O V E R N M E N T
S E C T O R IN F L O W O F F U N D S A C C O U N T S .
T H E Y A R E I N C L U D E D IN C R E D I T M A R K E T
D E B T OF F I N A N C I A L I N S T I T U T I O N S .
SPONSORED AGENCY ISSUES INCLUDE
G N MA -G UA RA NT EE D SE CU RI TI ES BA CK ED BY MO R T G A G E POOLS.

111/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION.

SEPARATELY,

TOTAL NET ISSUES
TREASURY ISSUES
HOUSEHOLD SAVINGS BONDS
TREAS. EXCL. SAVINGS BONDS

ARE

INCLUDED

WITH

60

T MnvFMRPR 1973
PRIVATE SECURITIES AND MORTGAGES

PRIVATE

SECURITIES

AND

MORTGAGES
16

PRIVATE SECURITIES AND MORTGAGES
(MILLIONS OF DOLLARS)
UNADJUSTED

QUARTERLY

UNADJUSTED

FLOWS
I
I

II

1972

1971
III

II
STATE

AND

LOCAL

III

GOVERNMENT

16.626
2.434
14.192

11.930
-996
12.926

4.447
824
3.623

3.909
589
3.320

3.204
-113
3.317

3.615
432
3.183

2,975
-539
3.514

3.053
-154
3.207

2.287
-735
3.022

1.529
-733
2.262

2.837
-535
3.372

978
-1.156
2. 1 3 4

4
5
6
7

16.626
-874
1.000
-206

11.930
1.296
1.000
-155

4.447
-847
250
-108

3.909
1.272
250
49

3.204
-1.072
250
-45

3.615
578
250
-30

2.975
133
250
-119

3.053
23
250
79

2.287
562
250
-85

1.529
496
250
-176

2.837
550
250
-37

978
649
-250
-14

4.409
73
25
2
1.044
- 4 01

871
20
27
-139
1.102
457

3.017
51
-3
-45
969
82

2.205
12 5
-12
-60
873
-314

1.689
112
4
36
817
53

1.998
195
-5
-162
798
-123

426
51
-9
8
816
268

605
155
-41
-273
830
-317

l.ioo
-3
73
-3?
835
92

-287
-25
77
-55
852
31

FOREIGN

BONDS

12.607
193
57
-174
3.910
113

6.318
483
-22
-178
3.304
-116

CORPORATE

AND

NET c h a n g e i n L I A B I L I T I E S OF
STATE ♦ LOCAL GOVERNMENTS
SHORT-TERM
OTHER

1
2
3

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 .

FUNDS

4
5
6
7

COMMERCIAL BANKING
MUTUAL SAVINGS RANKS
LIFE INSURANCE COMPANIES
S. ♦ L . G O V T . * R T R . F U N D S
OTHER IN SU RA NC E COMPANIES
FINANCE N.E.C.

8
9
10
11
12
13

1
2
3
4
5
6

24.668
18.807
717
3.788
416
940

20.079
12.187
1.051
5.441
374
1.026

6.56?
5.399
88
543
264
268

4 ,. 8 2 2
3,. 5 8 3
68
943
-84
312

6.013
4.359
146
1.309
121
78

5.181
2.775
453
1.334
136
483

5.472
3.812
94
1.004
140
422

4.387
3.037
137
1.303
38
-128

5.039
2.563
367
1.800
60
249

2.532
1.6?2
-68
713
150
115

4.283
3.406
-100
632
178
167

2.890
1.888
-19
702
169
150

NET ISSUES
CORPORATE BUSINESS
COMMERCIAL BANKS
FINANCE COMPANIES
REITS
REST OF THE WORLD

7
8
9
10

24.668
8.172
1 .275
4.316

20.079
4.851
1.711
2.826

6.562
2.913
369
1.505

4 .822
2 .889
268
?41

6.013
-20
269
649

5.181
2.280
464
1.308

5.472
1.037
472
865

4.387
1.198
250
517

5.039
336
525
13 6

2.532
6?4
-73
240

4.283
1.288
-105
-200

2.890
462
306
-187

NET P U R C H A S E S
HOUSEHOLDS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

11
12
13
14
15

9.8«8
5.466
-653
4.790
285

10.347
7. 19 4
-1.588
4.804
-63

2.?37
991
-273
1 .463
56

1 .609
1 .224
-394
796
-17

3.632
2.094
629
898
11

1 .806
1 .705
-788
882
7

3.236
1.800
-312
1 . 7 81
-33

2.968
1.389
279
1.335
-35

2.337
2.300
-767
806
-2

3.146
1 •4 ? 1
5?4
1.168
33

3.376
1 .482
225
1.241
428

2.415
843
574
609
389

16
17

745
272

300
44

-398
-64

-336
151

1.462
21

-746
69

-163
25

-404
-142

1.613
92

-1.465
60

-154
87

-839
133

1.063
-237
1.300
774
-90
150
516
-50

CORPORATE

1
2
3
4
5
6
7
8
9
10

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
S. ♦ L . G O V T . * R T R . F U N D S
OTHER INSURANCE COMPANIES

11
12
13
14
15

FINANCE
RE S T OF

16
17

N.E.C.
THE WORLD

EQUITIES
NET ISSUES
O P E N - E N D IN V E S T M E N T COS.
OTHER SECTORS
CORPORATE BUSINESS
C O MMERCIAL BANKS
OTHER INSURANCE COMPANIES
REITS
REST OF THE WORLD

1
2
3
4
5
6
7
8

1.063 NET PU R C H A S E S
HOUSEHOLDS
-2.421
COMMERCIAL BANKING
0
MUTUAL SAVINGS BANKS
95
INSURANCE
3.357
LIFE INSURANCE COMPANIES
894
PRIVATE PENSION FUNDS
1.138
S. ♦ L. G O V T . * R T R. F U N D S
875
OTHER INSURANCE COMPANIES
450

9
10
11
12
13
14
15
16
17

1
2
3
4
5
6
7
8

14.660
1.181
13.479
11.701
214
599
938
27

11.973
-633
12.606
10.396
524
600
1 .498
-412

3.700
-348
4.048
3.480
14
153
29?
109

4.453
216
4..337
3.810
-7
159
282
-7

3.715
832
2.883
2.632
13
153
234
-1*9

2.910
273
2.637
2.135
50
150
348
-46

3.311
-679
3.990
3.205
209
15 0
502
-76

2.739
-229
2.068
2.557
4
15 0
338
-81

3.013
2
3.011
2.499
261
150
310
-209

2.401
-338
2.829
2.402
3
150
440
-166

2.325
-478
2.803
2.211
7
150
474
-39

9
10
11
12
13
14
15
16
17

14.660
-5.411
-17
475
18.211
3.640
8.915
3.185
2.471

11.973
-5.857
12 9
617
16.495
3.500
7.065
2.973
2.957

3.700
-1.671
17
108
5.268
848
2.908
763
749

4.453
468
-27
104
4.232
797
1.737
96 1
737

3.715
.1.727
-22
167
4.234
872
1 .879
769
714

2.O10
-706
87
18 2
4.085
1.057
1 .927
=>13
588

3.311
-1.522
42
202
4.823
1.048
2.149
041
685

2.739
297
0
134
3.227
522
1 .044
773
888

3.013
•3.926
0
99
4.360
873
1.945
746
796

2.491
-337
0
186
3.909
870
1.259
953
8?7

2.325
-1.237
0
111
3.485
1.138
1.103
900
344

18
19
20
21

566
445
121
836

-1.679
-1.821
142
2.268

-19
268
-287
-3

-554
134
-688
230

532
-550
1.082
531

-1.431
-473
-958
693

-399
-346
-5 1
165

-1 . 2 4 2
-745
-497
323

1.303
-255
1.646
1 .087

-2.568
-1.297
-1.271
1.301

-185
-564
370
151

-968
-470
-498
1.000

TOTAL

FLOWS

SECURITIES

1
2
3

8
9
10
11
12
13

q uarterly

1973
II

FINANCE N.E.C.
OP EN-END INVESTMENT
BROKERS AND DEALERS
R E S T OF THE WO R L D

COS.

18
19
20
21

MORTGAGES

1

48.867

68.833

12.874

14.449

14.299

12.444

17.796

19.126

19.467

15.357

21.530

20.277

2
3
4
5
6
7
8
9
10
11

1 .094.
-72
134
46.811
24.138
1.217
21.456
2.011
8.002
11.443

1.153
-86
480
67.286
38.423
1.421
27.442
2.580
9.236
15.626

1.234
-20
34
11.*26
5.339
323
5.964
463
2.460
3.032

271
-18
17
14.179
6.924
330
6.925
551
2.582
3.792

76
-14
47
14.190
8.440
343
5.407
443
1.871
3.093

5
-19
51
12.407
7.914
343
4.150
634
1.126
2.390

810
-24
204
16.806
9.037
357
7.412
867
2.532
4.013

232
-2 1
115
18.800
10.182
363
8.255
635
2.952
4.668

106
-22
110
19.273
11.200
358
7.625
444
2.626
4.555

10 1
-21
128
15.149
9.276
355
5.518
998
1.654
2.866

444
-23
14?
20.976
10.62?
354
10.000
1.270
3.563
5.158

-687
-21
158
20.827
9.930
350
10.547
976
3.658
5.913

12
13
14
15
16

48.867
58
16
37
6.328

68.833
-2.029
10
-243
6.676

12.«74
-565
5
43
1.577

14.449
180
6
51
2.178

14.299
432
4
-33
1.942

12.444
-844
3
77
1.759

17.796
-248
3
-198
1.687

19.126
-71
2
69
1.530

19.467
-866
2
-191
1.700

15.357
-5?2
0
-4\1
1.873

21.530
40
0
-72?
2.516

2 0 . 2 7 7 F U N D S A D V A N C E D BY:
12
407
HOUSEHOLDS
13
-1
S. ♦ L. G O V T . * G E N . F U N D S
14
754
U.S. G O VE RN ME NT
15
3.177
S P O N S O R E D C R E D I T A G . (1) (2) 16

17
18
19
20
21
22

42.428
9.940
28.131
24.054
4.030
47

64.419
16.799
37.633
32.002
5.578
53

11.814
2.915
7.984
7.010
963
11

12.034
3.297
8.017
7.024
982
11

11.954
2.579
7.517
6.152
1.353
12

11.449
3.099
6.773
5.760
1.000
13

16.552
4.500
10.178
8.739
1.426
13

17.596
4.934
10.508
8.997
1.497
14

1 8 . 8?2
4.266
10.174
8.506
1.655
13

14.417
4.101
8.849
7.472
1.364
13

19.705
5.690
11.260
9.54?
1.714
13

15.940
5.300
7.732
6.598
1.121
13

23
24
25
26
27
28
29

760
1.121
-615
276
-22
1.053
2.544

1.011
1.823
-683
-131
2
4.132
4.844

-164
-24
-201
68
-7
497
58?

142
242
-170
78
-8
-38
616

747
745
-101
110
-7
361
750

-4??
-72
-312
-38
0
709
1.290

-28
123
-109
-43
1
706
1.196

87
266
-142
-39
2
1.265
802

1.374
1.506
-120
-11
-1
1.452
1.556

213
268
-124
68
1
103
1.151

493
327
-94
260
n
969
1.275

30

-2.679

43

-2.449

396

299

-1.944

83

661

1.243

111/73 FIGURES ARE



(2)

INCLUDES

MORTGAGE

TENTATIVE ESTIMATFS BASED ON INCOMPLETE INFORMATION.

POOLS

441
2.725
ASSOCIATIONS
BACKING

TOTAL M O RT GA GE CREDIT
BORROWED b y :
SAVINGS ♦ LOAN ASSOCIATIONS
U.S. G O V E R N M E N T
REITS
PRIVATE NONFINANCIAL SECTORS
HOUSEHOLDS
NONPROFIT INSTITUTIONS
BUSINESS
FARMS
NONFARM NONCORPORATE
CORPORATE

1.094
1.093
-100
100
1
400
1.414

PRIVATE FINAN. INSTITUTIONS
CO MM ER CI AL BANKS
SAVINGS INSTITUTIONS
S * L A S S O C I A T I O N S (1)
MUTUAL SAVINGS BANKS
CREDIT UNIONS

2
3
4
5
6
7
8
9
10
11

17
18
19
20
21
22

INSURANCE
23
LIFE COMPANIES
24
PRIVATE PENSION FUNDS
25
S. ♦ L. G O V T . . R E T . F U N D 26
O T H E R I N S U R A N C E COS.
27
FINANCE COMPANIES
26
REITS
29

3 . 1 5 3 (1) M E M O ! F H L B L O A N S T O S * L
( I N C L U D E O IN " O T H E R L O A N S " C A T E G O R Y ) .

GNMA-GUARANTEED

1

PASS-THROUGH

SECURITIES.

30

7 NOVEMBER
MORTGAGES.

1973
BY TYPE

mortgages•

17

UNADJUSTED

1971

QUARTERLY

1972

II

27.970
24.138
955
955
-72
1.994

40.724
38.423
617
617

7.671
5.339
559
559

-8 6

-20

1.153

1.234

40.724
-2.214

10
11
12

27.970
-596
16
-318
4.778
5.691

13
14
15
16

19.285
17.939
1 .299
47

17
18
19

-2.687
-2.072
-615
1.053
748

3
4
5

6
7

8
9

20
21

unadjusted

1971
II I

IV

I
I

1972
I

232

106

-21
101

7.671
-318
5
-39
1.195
1.591

8.755
-237

6.928
-413
3
-97
1.247
1.551

10.799
-455
3
-184
1.155
2.218

11.8 6 1

11.136

8.288

-478

2

-868
2

-15
1.767
1.954

8.132
64
4
-103
1.459
1.612

-59
871
2.864

-266
1.030
2.351

27.760
24.698
3.009
53

5.311
5.046
254

5.919
5.598
310

5.120
4.588
520

11

11

12

4.673
4.197
463
13

7.549
6.778
758
13

8.194
7.310
870
14

7.344
6.413
918
13

-2.821
-2.138
-683
4.132
1.176

-743
-542

-791
-621
-170
-38
190

-613
-512

■1.085
-773
-312
709
340

-672
-563
-109
706
479

-812
-670
-142
1.265
14

-252
-132

10
-606
4.303
8.984

-20 1
497
172

6

2.189
1.532
651

11

6

9

8.817
428
376
H 20
673

10.426
-52
348
1.183
1 .794

2.451
-135
89
150
229

10
11
12

4.790
2.998
1.792

4.915
3.811
1.104

1 .776

1.2 2 1

13
14
15

712
276
742

469
-131
1.900

7

8

-10 1
361
228

555
114

68
160

RESIDENTIAL

2.10 1

-751
1.383
3.076

6.300
5.413
874
13

8.006
7.514
479
13

-120

-400
-276
-124
103
280

1.452
343

12
13
14
15
16

-468
-374
-94
969
311

-110
-10
-100
400
344

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
FINANCE COMPANIES
REITS

17
18
19
20

4.107
2.702
1.35*
47

3 .498

2 .387
1 .059

NET BORROWING
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
REITS

1
2

3 .498
373
443
572
281

N E T 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
SPONS. CREDIT AGENCIES
c ommercial
BANKS

5

2.8 66
1
1?2
295
363

4.107
427
9
606
328

881
564
317

1.12 8

1 .069
82 6

1.312
1.045
267

1.093
832
261

1.441
1.108
333

1.328
1.173
155

1.8 86

1 .072

243

1.137
749

908
164

-87
-38
443

39
-43
271

154
-39
533

363

203

-11

68

653

396

151
260
440

487

4.935
350
448
4.031
106
4.935
-95

279

110
208

5.445

10
11
12

4.125
3.117
1.008

4.946
3.493
1.453

13
14
15

2.529

3.414

-11

1.912
912
42

52

170

10 0

3.205
355
276
2.488

11

86

4.1??
354
367
3.306
95

2.954
-183

3.189
-189

2.940
-507

3.628
-154

4.078
240

4.457
-40

3.205
-216

4.12?
-284

0
2 .0 10

N E T C H A N G E IN A S S E T S
HOUSEHOLDS
0
U.S. GO VE RN ME NT
1.846
COMMERCIAL BANKING

3?9

1.386
891
495

1.787
1.302
485

267

486

-2

0

0

0

-11

0

0

806

1.047

1.432

1.630

1.336

1.463

903
743
160

1 .249
862
387

1.294
954
340

1.031
737
294

1,307
916
391

1.220

1.388
985
403

1.215

855
365

385
-7
250

615

971
-7
314

862

742

1.214

596

8 86

1

2

-1

1

0

446

1

255

560

475

524

583

9

1
2
3
4

5
6
7
8
9

SAVINGS INSTITUTIONS
SAVINGS ♦ LOAN ASSNS.
MUTUAL SAVINGS BANKS

12

10
11

LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
REITS

13
14
15

m ortgages

2.0 11

2.580

463

551

443

634

867

635

444

998

1.279

976

860
-16
730
554
-69
-48

698
26
1.190
576

10

210
-2

290
77

-6

-97
.3
358
124

347
3
484
174

39?

12

372
-83
294
223

133
35
316

213

78

19

265
-3
150
49
-25
7

1
61

309
50
482
252
•237

-16

222
0

10

110
1

-74

51

40

119

(l)

INCLUDES

Iir/73 FIGURES ARE T E NT a TIVF ESTIMATES BASED ON INCOMPLETE INFORMATION.




NET B O RR OW IN G
HOUSEHOLDS
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
REITS

813

0
507

1

7

7

8

13
14
15

4.457
358
403
3.622
74

188
157
-32
30

6
(1 )

COMPANIES
PENS. FUNDS

4.078
363
364
3.274
77

2

6

3
4

MORTGAGES

1.023

-5
23?

21

LIFE INSURANCE
S. ♦ L . G O V T . .
REITS

3.628
357
313
2.821
137

-8

9
10
11

10
11
12

2.940
343
256
2.307
34

260

7

8

SAVINGS INSTITUTIONS
SAVINGS ♦ LO AN ASSNS.
MUTUAL SAVINGS BANKS

3.189
343
282
2.533
31

farm

3
4
5

CHANGE

MORTGAGE*?

3.430
139
78
312
455

218
78
166

6

SAVINGS INSTITUTIONS
SAVINGS ♦ LOAN ASSNS.
MUTUAL SAVINGS BANKS
CREDIT UNIONS

2.552
34
104
343
330

610
518

3
4
5

5.110
4.388
709
13

69
238
627

9

2

-536
1.094

2.502

-122
-2
882

1.768

0

NET

1
2

IN A S S E T S
HOUSEHOLDS
STATE ♦ LOCAL GO VERNMENTS
U.S. GO VE RN ME NT
S P O N S . C R E D I T A G E N C I E S (1)
COMMERCIAL BANKING

1.942
-214
97
290
382

2.289

-22

0

10.868
-180
-1
261
2.123
2.921

2.535
292
73
333

15.103
-461

1.054

-654

12.031
-495

2.189
390
70
223
163

10.069
-634
-5
3.022

-11

10.868 NET PORROWING
9.930
HOUSEHOLDS
823
NONFARM NONCORP. BUSINESS
823
CORPORATE BUSINESS
-21
U.S. GO VE RN ME NT
-687 SAVINGS ♦ LOAN ASSOCIATIONS

2 .8 66

2.954
330
?61
2.352

8

-22

12.031
10.62?
494
494
-23
444

3.430
2.342
1.052
36

2.289
323
194
1 .749
23

7

-21

8.288
9.276
-534
-534

2.552
1.854
660
38

15.103
1.421
1.336
12.024
322

6

11.136
11.290
-119
-119

2.502
1.731
704
67

10.069
1.217
876
7.887
89

3
4
5

11.8 61
10.182
734
734

1 .942
1.356
569
17

112

flows

II I

2.535
1.774
745
16

COMMERCIAL

1
2

I

10.799
9.037
488
488
-24
810

2.451
1.716
724

6

IV

ouarterly

mortgages

6.928
7.914
-486
-486
-19
5

10.426
7.283
2.985
15 8

5

II I

1q 73
II

8.132
8.440
-185
-185
-14
76

8.817
6.171
2.601
45

3
4

II

|
I

8.755
6.924
789
789
-18
271

MULTI-FAMILY

1
2

17

FLOWS
I
I

home

1
2

BY t y p e

MORTGAGE MARKETS BY TYPE OF MORTGAGE
(MILLIONS OF DOLLARS)

6

MORTGAGE

20
527
285
-9
64
POOLS

120

NET BO RR OW IN G BY FARMS
N E T 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
FEDERAL LAND BANKS
COMMERCIAL BANKS
MUTUAL SAVINGS BANKS
LIFE INSURANCE COMPANIES

BACKING

GNMA-GUARANTEED

SECURITIES.

1
2
3
4
5

6
7

7 'NOVEMBER 1973
CONSUMER CREDIT

AND

BANK

LOANS

CONSUMER

N.E.C

18

CREDIT

AND

BANK

LOANS

N.E.C.
18

rONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED
(MILLIONS OF DOLLARS)

UNADJUSTED

QUARTERLY

1972

u na dj u st ed

FLOWS
I
|

1*72

1971
II I

II

IV

|

I

II

CONSUME

quarterly

flows

1971
II

III

CREDIT

1
2
3

11.231
9.231
2.000

19.170
16.037
3.133

3.693
3.092
601

3.632
3.379
253

5.426
4.22?
1.204

-515
-38
-477

5,,9 33
5,,108
825

5.164
4.828
336

8.588
6.139
2.449

1.756
2.043
-287

7.763
6.641
1.120

5.952
6.075
-123

IET C H A N G E I N L I A B I L I T I E S
INSTALMENT CREDIT
NONINSTALMENT CREDIT

4
5
6
7
8
9
10

11.231
9.231
25
140
5.84?
1 .933
1.291

19.170
16.037
183
1 .002
8.543
2.490
3.819

3.693
3.092
-9
-4?
2.221
750
17?

3.632
3.379
16
85
1.804
693
781

5.426
4.222
138
753
1.586
469
1.276

-515
-38
-84
-461
542
415
-450

5,.9 3 3
5,.1 0 8
14
74
3,.101
868
1,.0 51

5.164
4.828
46
256
2.683
758
1.085

8.588
6.139
207
1.133
2.217
449
2.133

1.756
2.043
-78
-426
1.605
541
401

7.763
6.643
39
214
3.611
1.032
1 .747

5.952
6.075
50
270
2.919
1 .045
1.791

IET C H A N G E I N A S S E T S
INSTALMENT CREDIT
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
FINANCE COMPANIES

4
5
6
7
8
9
10

11
12
13
14
15

2.000
662
432
847
59

3.133
891
570
1 .541
131

601
54
201
327
19

253
-62
106
192
17

1.204
450
506
234
14

-477
54
-790
175
84

825
112
375
340
-2

336
-123
99
334
26

2.449
848
886
692
23

-287
155
-726
217
67

1.120
142
528
446
4

-123
-149
-72
88
10

NONINSTALMENT CREDIT
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

11
12
13
14
15

17.978

27.166

13.771

- LOANS ELSEWHERE CLASSIFIED
MORTGAGES
5.300
CONSUMER CREDIT
3.007
SECURITY CREDIT
-1.361
COMMERCIAL PAPER
31
HYPOTHECATED DEPOSITS
0
6.794 = BANK LOANS N.E.C.
0 ♦ LO AN S BY F.R. BANKS
6.794 s TOTAL BANK LOANS N.E.C.

BANK

1

30.541

59.976

13.317

- 6.621

LOANS

15.260

NOT

2.864

ELSEWHERE

17.848

11.960

27.304

9.940
6 .689
775
786
0
12.351
0
12.351

16.799
10.084
4.757
-204
0
28.540
0
28.540

2.915
2.54A
-304
-41
0
8.199
0
8.1 9Q

3 .?97
1 .996
104
-365
0
1.389
0
1 .389

2.579
1 .820
2.911
1 .447
0
6.503
0
b.503

3.099
717
-911
-520
0
479
0
479

4.500
3.441
1.598
-266
0
8.575
0
8.575

4.934
3.017
302
-448
0
4.155
0
4.155

4.266
2.909
3.768
1 .030
0
15.331
0
15.331

4.101
1.8?2
-4.316
-930
0
17.301
0
17.301

5.690
4.057
-341
-67
0
17.818
0
17.818

10
11
12
13
14
15
16

12•351
9.313
361
1 .345
204
4.768
2.635

28.540
21.777
2.972
1.814
721
13.857
2.413

8.199
6.430
1 .867
726
137
3.037
663

1 .389
2.033
-1.073
?74
-?93
1.827
1.298

6.503
4.732
1 .45 4
0
291
2.064
923

479
-1.068
-805
300
14 0
-697
-6

8.575
8.240
2.074
810
477
4. 19 9
680

4.155
1.356
-535
90
-?23
1 .372
652

15.331
13.249
2.238
614
3?7
8.983
1 .087

17.301
13.879
-641
686
372
10.9?0
2.542

17.818
13.079
2.12?
985
9?
9.149
731

6.794
5.703
1.163
415
-399
5.522
-918

17
18
19
20
21

3.038
688
48
661
1.641

6.763
776
3.631
1.512
844

1 .769
420
1.191
112
46

-644
110
-1.324
182
388

1.771
329
217
0
1.225

1.547
-328
-29
512
1.392

335
426
600
110
-801

2.799
141
934
14
1.710

2.082
537
2.126
876
-1.4*7

3 .4? 2
-341
780
998
1.985

4.730
148
2.231
937
1.423

1.011
518
129
536
-172

FIGURES

ARE




TENT4TIVF

ESTIMATFS

BASED

ON

INCOMPLETE

1
2
3

CLASSIFIED

2
3
4
5
6
7
0
9

I I 1/73

(HH)

INFORMATION.

T O T A L B A N K L O A N S AT
COMMERCIAL BANKS*

F/F

BASIS

N E T C H A N G E IN L I A B I L I T I E S
NONFINANCIAL SECTORS
HOUSEHOLDS
FARM BUSINESS
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
REST OF THE WORLD
FINANCIAL
SAVINGS
FINANCE
REITS
FOREIGN

SECTORS
♦ LO AN ASSNS.
COMPANIES
BANKING

AGENCIES

1

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
IB
19
20
21

7 NOVEMBER 1973
OTHER LOANS

OTHER

LOANS

19

19

O P EN -M AR KE T PAPER ANp OT HE R LOANS
(MILLIONS OF DOLLARS)

UNADJUSTED

QUARTERLY

1971

1972

UNADJUSTED q u a r t e r l y FLOWS
__________________________________________________________________________ . . . . . . . . ----. . . . . . . .

FLOWS

........- -

---I

II

,

II I

1972

I«

I

OTHER
~

,»Q

i ttS ‘S:S 1:?
‘T * 2

'’111

557

-92

5
6

48
6
5 18

2 . 44 71 6
9

2 64 27
-5

~ -5
16
1

I

2,123

2 S

« ?

9

-838

10
U
12
n

685
-2.679
T76

-200

**2

2.117

516

It

-104
299
1.454
*68

2.259
-1.944
-341
5*2

15

*.90*

10.383

-2.862

2.*19

1.791

3.412

16

-3.880

*32

-1.229

-382

-98*

* ‘!*7

0

.2.001

755

-2.032

,66

20
21

20
4
?K6

~ lbb
-20*

"- 47 16

li
-365

11

l.Sl

U37?

896

680

’-III

til 'ulll .!:ȣ

It

3.337

-2.699

5.451

6.265

8*380

NET

- 1 M

214 -389

389

261

.,.*66

???
1.447

"iin
-520

282

2.6*5

1U
-266

M J
707

|JJ

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

C O R P O R A+T E

*.051

3.590

6.8T1

P4

3 413
3.413
441

108

2.704

24
1.243
956
6*0

*2

-1*0

*.28*
608

*tUIs?
5,1

5.*51

6.|6«

6.380

"l',50

1.237

2.32*

l.Ul

*»

-930
930
-,.3622.176

3.113
-67
337

2.945

129

2
3
4
5

308
470
300
-462

1 .841
412
1 .200
229

41
93
0
-52

? 12
-108
10 0
220

1.330
1.157
-27

149

6
7
8
9
10

-1.253
-1 . 7 2 5
-94
480
«6

754
-574
-367
1.260
4 35

-1.834
-1.653
-274
0
93

568
417
-8
212
-53

-886

1.360
1.089

200

-1.551
297
268
100

-220
200

-121
342
50

76

REST

OF

THE

" E T ^ W . S E
CORPORATE

IN

ASSETS

BUSINESS

31

1.832

>•
,,

COMMERCIAL BANKING
SAVINGS 0ANkS

21
2g

L l J E W S U R . N a

23

C O M P A N Y

RE5T 0F ™ E'“0RLD25

p Ap E R

1.074

1.886

-1.442

1.393

4.544

662
558
302
-198

-575
-1.037
298
164

1 .625
1.111
400
114

2.144
1.477
-89
756

1.604
896
61
647

1.146
300
78
768

89
89
-310
313
-3

221
-596
219
365
233

-916
-1.156
-155
240
155

-2.813
-1.685
-1.140
-51
63

130
141
-151
-40
180

709
-107
148
488
180

OPEN-MARKET

PAPER—

NET

BY

ISSUES.

TYPE

TOTAL

DIRECTLY-PLACED PAPER
FINANCE COMPANIES
REITS
BANK AFFILIATES

2
3
4
5

OEALER-PLACED PAPER
CORPORATE BUSINESS
FINANCE COMPANIES
REITS
BANK AF FI LI AT ES

6

47?
53?
?66
?66
-60

503
444
22 2
222
59

-259
-477
-238
-239
218

-604
-744
-372
-372
14 0

-216
711
355
356
-927

-467
49
24
25
-516

296
59
??
30
237

-39
-298
-149
-149
259

378
- 12?
-6 1
-61
500

933
1.196
598
598
-263

1 .061

1 .733

-1.378

1.280

-177

2.060

539

-621

-245

2.594

-719

1.756

NONB AN K CR ED IT TO BANKS
IN S E C U R I T Y R P ' S

16
17
18
19
20
21

947
-3.880
3.247
2.404
843

3.337
432
3.306
1.695
1.611

-2.699
-1.229
-2.506
-1.194
-1.312

2.563
-382
2.489
l.?47
1.242

8
-984
1.274
1.445
-171

2.945
-947
2.811
1.507
1.304

1.074
596
1.457
727
730

-1.442
-893
-1.570
-825
-745

760
1.676
608
286
3?2

1.8R6
-1.520
1.150
-176
1 ,3 ? 6

1.393
-510
1.237
1.906
-669

4.544
-469
2.324
668
1,656

22
23
24
25
26

204
786
455
237
21»

-155
-204
-112
-234
122

-76
-41
40
106
-66

-1
-365
50
12
38

200
1.447
17
23
-6

-118
-520
486
-270
756

-70
-266
-120
71
-191

-11
-448
105
-19
124

44
1.030
-583
-16
-567

59
-930
857
-411
1.268

-99
-67
-70
-20
-50

27
28
29

628
-334
-159

437
-305
-62

661
-24?
694

399
-135
508

-1.308
498
-1.136

1.182
140
-89

-329
-314
120

1.171
246
-42

1.886
45
339

-48
389
561

1 .056
92
964

88?
26*
617

1
I
l
I
1
\
l

. . . . . . . . -------- ------- 750
-64
814

-344
-650
306

I.768
-117
1.885

2.807
31
2.776

717 „ -1.166
-461
-30
-705
747

795
269
526

1.044
-30
1.074

4.
5
6
7
8
9
10
ri

3.177
360
47
358
226
365
0
1.821

2.539
385
36
61
241
345
0
1.471

915
65
28
12*
78
-68
0
689

571
32
-24
SB
10
249
0
?16

472
66
-28
73
67
91
0
203

742
174
19
-92
3
26T
0
371

L2

-2.461

755

-2.032

166

261

-1.466

364

591

-172
134
299

299
179
-1.94V

412
-131
83

•179
109
661

255
2
253

147
0
147

313
2
311

259
9
250

427
285
43

529
-112
-2.449

16
17
16

1.013
12
1.001

945
12
933

237
2
235

285
4
281

. . . . . . . . . . .. ... ..

MONETARY AUTHORITIES
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS
COMMERCIAL PAPER
SECURITY RP'S

1.055 LIFE INSURANCE COMPANIES
376
INVESTMENT COMPANIES
1.028
REST OF THE WORLD

144
43
30
81
30
-303T
0
263

978
210
41
119
S3126
0
430

1.357
775
582

- 6 1 8 F I N A N C E CO. L O A N S TO B U S I N E S S
-222
LIAB.-NONCORPORATE BUSINESS
-396
CORPORATE BUSINESS
3 0 0 U . S . G O V E R N M E N T LOAMS'
10
LXaB,-HOUSEHOLDS
-25
FARM BUSINESS
-If
N O N F A R H W O WC OR P. BUS.
.10
CORPORATE B U S r N E S r
.50
S ^ ♦ L. GOVERNMENTS
0
SPOMS, CREDIT AGENCIES
376.
R E S T OF- T H E W O R L D

875
* 7 625
98
-45
74
0
547

490
22
25
50
10
-5ft
0
433

1 .266

1 . 3 42 -

3*113

3.377

-105
128
1.241

304
597~
441

558
-170
2.725

211
13
3*15T

2 2(t
I
225

292
2
290

3»7
?
385

675
-42
-54
-47
156
2*5
0407

9

10

11
12
13
14
15

17
18
19
20
21
22
23
24
25
26
27
28
29

111/73 FIGURES ARE TENTATlVF ESTIMATFS BASED ON INCOMPLETE INFORMATION.

1
2
3
4
5
6
7
8
9
10
IV

ir
SPONSORED CREDIT AGENCY LOA*S
LIABILITY OF*
F A R * B U S I N E S S CFICft)
13
N O N F A R M N O N C O R P . B U S . <B€) 1 4
S* l A S S O C I A T I O N S (FHLB)
15

7 7 7 P O L I C Y L O A N S (HH L I A B I L I T Y )
0
ASSET-U.S. GOVERNMENT
77T
L I F E INSURANCE COS.

0




BY S E C T O R
PURCHASES
HOUSEHOLDS
CORPORATE BUSINESS
COMMERCIAL PAPER
SECURITY RP'S

7

8

TYPFS

1
2
3

695
-17
-2.679

-1.587
-377
-51
--------

NET

-9
31
208
I0fr
100

I

♦ SECTORI

-991
75
36
39
-1.066

13
14
15

15

SPONSOPED^RCOIT^GENCIES

831
529
265
264
302

-68
-162
396

11
13

IT

«.s. g o v e r n m e n t

3.37T

10

14
1*

11
12
13
14
15

OTHER

+ ^

PEITS

BANKERS' AC CEPTANCES
NONFINANCIAL BUSINESS
CORPORATE
NONCORPORATE
REST OF THE WO RL D

. . . . . . . .

teORLD

AGENCIES

COMMERCIAL BANKING
108
FINANCE COMPANIES

1*—89

2.563

5

F ‘S p O N S O R E ^ C H E D l T

300

^

BUS.HESS

B U S I NG E0 SV SE R N M E N T S

113

J.I
566

1.3*2

1 030
1.030

Z.7^5
21

^
,.266

-448
448

1.3 £ -I *

• «

I

“ S S S S a SECT0RS*

NONFAPM^NONCORP.

85

2.863

,"!!?

36*

« •
-991155
« «

n l „ 4
338
-224
83
661
248
-818
615
663

,

INCREASE

*•?!?

-,38

1.28*

0 P EN_MARKRT

947

4.284

i S ” *

1.447
396
-116
312

„

42

1 . 7 9 41 2 8 81 . 2 8 8 - 2 1 4

2.039

II 3*jag i:i%

TOTALS

a 645

318

- 1 ,11 9 6

n
-1.337
—?.449
-181
0

7

SECTOR

1 q 73

I ” __________ _* ________ ” _______” I „

!:g

-3.967

0

—

i *ij

2.397
43
45
2 .*60

}!

*.945

i tq i

LOANS

n

"g

I

0

|
I

H Y P O T H E C A T E D O E P . (-HH- L I A B . >
ASSET-COMMERCIAL 6ANKS

16
17
18

19

T-NOVEMBER
SECURITY

1973

CREDIT*

TRADE

CREDIT*

AND

T a XES

SECURITY

SECURITY

CR EDIT, TR AD E CR ED IT * AND TA X E S
(MILLIONS OF DOLLARS)

_____________________
1971

1972

I
|

II

1971
H i

IV

1972
I

xi

i n

3.776
2.609
33

8.854
4.672
84

337
903
-14

744
643

4.083
1 .061

20

-8

1.504
2.075
67

2.663
1 .6 U 2
-40

4
5

1.134
652

-552
-336

3.030
2.782

0

7

0

482

0
-216

-638
■1 . 0 0 0

1.0 21

0

4.098
3.838
87
173

81
?67

6

0

-186

248

0
362

8

3.776
520

8.854
118

337
-124

744

9

-10 0

4.083
270

10
11
12

775
2.519
-38

4.757
3.924
55

-304
857
-9?

304
626

2.911
924

-86

-22

1
2

4.565
491

15.910
485

84

547

3
4

1.211

1.0 00

-1.140

-171

1.523
12?
316
1 .764

3.585
569
-677
526

13.566
597
-118
551

13

4.301
5.630
-1 . 7 0 4
291
84

14

264

5

6
7

8
9

10
11
12

H I

-5.717
-984
-48

-2.175
-1.337

-2.265
-1.020

-122

8

-155
57

3 .870
3 .447
87
336

-4.685
-4.069
-335

-313

0
-212

-716
-354
-160

-28 1

-202

-1.253
-927
-142
-184

1.504
348

2.663
-300

462
-186

4 .225
256

-5.717
-225

-2.175
-207

-2.265
-189

-911
2.053
14

1.598
1.378
-13

302
372
-26

3,. 7 6 8

-4.316
- 1.12 0
-56

-341
-1.632
5

-1.361
-720
5

6.828

4.390

1.334

,

12 1
80

NE T C H A N G E IN L I A B I L I T I E S
HOUSEHOLDS
FOREIGN

1

2
3
4

BROKERS ♦ DEALERS
FROM COMMERCIAL BANKS
F R O M F O R E I G N B A N K I N G AGS.
CUSTOMER CREDIT BALANCES
N E T C H A N G E IN
HOUSEHOLDS

5

6
7

ASSETS

COMMERCIAL BANKING
BROKERS AND DEALERS
FOREIGN

e

9
10
U

12

CREDIT

726

3.966

1 22

1 22

121

121

121

266
1.107

245
3.096

239
2.178

250
-6.552

-1.677
123
258
877

8.464
123
279
2.209

10.761
125
331
2.780

-631
143
-364
173

1 .143
149

-937
147
-139

945
150
-545
-46

3.532
151
107
500

10.026
149
459
-63

-2.663
150
-158
-264

6.440

7.430
149

85

7.396
147
-431
164

20.037
19.750
-819
289
817

606
1.481

-434
-692
-17?
70
360

5.141
5.028
4
73
36

4.333
3.937
74
312

5.998
5.914
-173
73
184

4.565
4.871
-660
69
285

6.333

70
-85

2.926
3. 1 ? 4
-236
64
-26

7.172
6.848
330
6?

-4.127

917

1.958

981

•4.415

-367

830

-175

-8.010

1.221

1 ,. 4 5 7
1 .257

4.111
3.357
03
275
61

-1.521
-1.313
324
-290

182
76
52
15

-207
18
-38
-36

3.746
3.295
70
100
60
87
72
50
12

TOTAL TAXES PAYABLE
CORPORATE BUSINESS
MONETARY AUTHORITIES
COMMERCIAL BANKS
SAVINGS ♦ LOAN ASSOCIATIONS
LIFE INSURANCE COMPANIFS
OTHER INSURANCE COMPANIES
FINANCE COMPANIES
BROKERS ♦ DEALERS
TOTAL TAXES RECEIVABLE
U.S. GO VE RN ME NT
STATE ♦ LOCAL GOVERNMENTS

12

DISCREPANCY

13

TOTAL HO US EH OL D INVESTMENT
FARM B U S I N E S S
NONFARM NONCORPORATE BUSINESS

1
2
3

-860

9

-10

25

10
11
12

1 .629
1.333
296

989
500
489

13

175

-295

86

160

694
611

-21
-200
123
15

120
21

87*
594
44

112
21
80
- 1?
2b

68
151
17

68
19
-99
-98

-4.953
-4.043
-910

10

TAXFS

*3.905
-3.320

66

-12
-285
5

-201

23

10

0
10

10

-14
-51
-27

-2.992
-3.02?
30

1.758
1 .830
-72

1 .469
1.328
141

1.525
1.227
298

1.42?

-884

-1.401

396

-860

-616

-777
-675

-244

-102

-847
-778
-69

-1.015
-972
-43

951
-91
130
40
96
47

126

0
34
-?4

?1

20

65
97

C H A N G E IN L I A B I L I T I E S
HOUSEHOLDS
FARM BUSINESS
NONFARM NONCORP. BUSINESS
(Pa y a b l e s l e s s r e c e i v a b l e s )

1
2

3
4

5
6
7

12

CORPORATE BUSINESS
STATE ♦ LOCAL GOVERNMENTS
U.S. GO VE RN ME NT
FOREIGN

-68

10.332
9.807
43
58
424

N E T C H A N G E IN A S S E T S
CORPORATE BUSINESS
U.S. GO V E R N M E N T
OTHER INSURANCE COMPANIES
FOREIGN

9
10
H
12

1.292

429

DISCREPANCY

14

149
-336
-400

-6 6

21

28

?9
14

-4.939
-5.017
78

1.704
1.714

2 ., 6 99
2 ,,5 76

-10

3.631
3.332
299

-2.940
-3.066
126

4.373
4.373

123

1 .034

-483

- 1 .. 242

480

1.419

-627

-1 . 9 0 0
-1.367
-513

-2.065
-1.424
-641

-2.144
-1.209
-935

IN N O N C O R P O R A T E

b

13

-1.431
-1.095
-336

-1.326
-924
-402

0

1
2
3
4
5

6
7

8
9
10

11

BUSINESS

- 1.18 1
-1.052
-129

111/73 FIGURES ARE TENTATIVF ESTIMATFS BASED ON INCOMPLETE INFORMATION.




6 .061
110

NET

PAYABLE

1 .921
1.723
-44
-45
44
144

PR O P R I r TO RS * EQ U I T Y
>3.416
•2 . 8 0 8
-608

FLOWS

291
-7.142

8

7

TAXES

121

-1.570
-747
3
-435
-9
-234
-49
-59
-40

6

AND

317
2.983

1 .804
1.991
-33
-27
59
-70
-115
9

3
4
5

QUARTERLY

4 .225
295
60

PROFIT

1
2

I

Tq73
II

462
620
-3

TRADE

CREDIT*

CREDIT

3

4.

IV

|
I

TRADE

20

UNADJUSTED
|
|

SECURITY

1
2

CREDIT*

PAYABLE

7 N O V E M B E R 1973
MISCELLANEOUS I

MISCELLANEOUS

21

i

MISCELLANEOUS f i n a n c i a l c l a i m s
( M I L L I O N S OF DO LL A R S )

UNADJUSTED

QUARTFNLY

UNADJUSTED

FLO*S
I
|

II

II

QUARTERLY

flows

1971

197?

1971
III

II

III

1971

1972

1
2
3
4

8.379
318
-116
H28

20,927
540
16 0
30

- ? 04
76
1
382

5,384
74
-425
-?34

-1.293
80
184
363

7 .255
119
-361
-109

1.109
142
183
106

8,097
146
178
-295

4.466
113
16 0
3?8

12,909
1?2
253
?33

6,92]
115
475
54

12.865
103
221
-485

5
6
7
8

2.7H3
-981
-172
-2,746

16,17b
282
-1.024
9.300

-1.998
-1.355
-63
-2.660

4,006
-159
-?63
3,032

-2,541
29
336
-3.179

5.362
386
106
2.770

673
-181
-674
-652

7,061
-31
456
4.113

3.079
108
-912
3,069

8.9?6
261
407
5.167

5,331
251
-40*
3.038

12.108
-84
141
9.362

9
10
11
12
13
14

79 4
1?P
2.130
3.570
68
4,566

71 1
215
2,H60
3,680
1 51
4,022

161
209
804
890
16
1.335

744
173
464
89a
17
1,063

-863
-320
533
903
20
621

511
182
496
910
1
2.244

45
258
876
917
84
5

763
178
641
923
18
1.007

-608
-403
847
930
48
766

1.160
260
734
937
0
3,465

3
366
1.137
944
0
946

437
358
943
951
0
918

15
16
17
18
19
20

6,5«0
2.304
568
794
6.239
70

17,464
2,677
493
7?2
4,339
103

-1.08*
56?
145
?06
? .323
-30

3,154
559
133
? 04
1,624
101

1.064
589
155
192
490
45

7.502
641
1 14
186
2.469
-71

2.135
667
126
182
606
57

5.839
681
101
176
2.182
33

1.988
68A
15 2
17 8
-918
84

9,535
706
132
188
3.539
103

8.704
71?
160
19.1
2.269
98

5.792
727
169
201
1.470
27

21
??
23

3.373
554
1 .219

*5,984
645
3,078

- 1 .«?4
1 31
-1.36?

1.383
392
1 .020

-647
-287
-663

4.661
61
3.353

-1.233
310
-2,289

? •73 9
808
?• 2 4 7

-183
-534
-?13

4,776
-106
3,845

2.181
346
797

3.731
569
3.489

24
?5
26
27
28
29
30

?37
3?8
918
68
0
49
-6.768

188
783
1 ,007
-*23
0
506
3, 1 4 6

-963
76
?36
31
0
27
-2.468

-633
333
?36
24
0
11
-850

498
-414
222
-4
0
1
240

714
22 4
246
-36
0
99
-498

197
249
?55
-70
0
115
1,730

-504
-128
256
-72
0
132
-73

- ? 19
438
250
-45
0
160
1 .987

70?
-?7
244
-16
0
134
91

250
373
24 1
15
0
15 2
3,080

-439
-272
235
-19
0
168
-533

31

1 .799

3,463

882

2.230

-2.357

-247

-1.026

2.258

2.478

3,464

-1,783

7,073

TOTAL LIABILITIES
HOUSEHOLDS
CORPORATE BUSINESS
U.S. g o v e r n m e n t

1
2
3
4
5
6
7
8

TOTAL FINANCE
SPONSORED CREDIT AGENCIES
MONETARY AUTHORITIES
COMMERCIAL BANKING
SAVINGS ♦ LOAN
MUTUAL SAVINGS
LIFE INSURANCE
NO NL IF E INSUR.
REITS
RE S T OF THE WO R L D

ASSNS.
BANKS
COMPANIES
COMPANIES

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

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

TOTAL FINANCE
SPONSORED CREDIT AGENCIES
COMMERCIAL BANKING

21
22
23

SAVINGS ♦ LOAN
MUTUAL SAVINGS
LIFE INSURANCE
PRIVATE PENSION
S. ♦ L. G O V T . *
HEITS
REST OF THE WO RL D

24
25
26
27
28
29
30

u n a l l o c a t e d

(A)

ASSNS.
BANKS
COMPANIES
FUNDS
RTR. FUNDS

* NET

31

OEPOSITS

32
33
34

- 4 . (169
-4,752
683

933
497
436

-1 . 4 1 1
-1.55?
14 1

1 .?55
978
277

-1.339
-1.574
235

408
622
-214

34 1
-90
431

998
588
410

•814
•623
•191

-277
-279
2

691
394
290

615
205
410

COMMERCIAL BANK LIABILITY
TO F O R E I G N A F F I L I A T E S
ASSET -REST OF THE WORLD
LIAB. -C OM ME RC IA L BANKS
F O R E I G N B A N K I N G AGS*

32
33
34

35
36
37
38
39

1.352
1 .387
-182
175
-28

3.578
1,784
-167
229
1,732

56?
619
-79
-18
40

299
?38
-6
61
6

204
246
-17
68
-93

1 .399
787
-108
12?
598

723
681
-14
-30
86

1.727
1.198
-14
-14
557

•?71
•882
-11
151
491

1.479
1.178
?6
-103
378

1.869
1.00ft
17
102
75P

801
200
25
-61
637

FOREIGN CURR. EXCEPT OFFICIAL
LI AB . - R E S T OF THE W O R L D
’
ASSET -CORPORATE BUSINESS
U.S. g o v e r n m e n t
COMMERCIAL BANKS
F O R E I G N B A N K I N G AGS*

35
36
37
38
39

40

0

0

0

0

0

0

0

0

0

0

0

0

POSTAL SAVINGS DEPOSITS
(LlAB.-U.S. GOVT.)
ASSET-HOUSEHOLDS

40

970

990

DIRECT FO RE IG N INVESTMENT
BY U.S. C O R P O R A T I O N S
L I A B . - R E S T OF TH E W O R L D

M

221

DIRECT FOREIGN INVESTMENT
IN U. S.
UA 8. - C O R P O R A T E BUSINESS

48^

U . S. - G O V T . E W . I N I B R D » E7 C » L I - » E S T o r THC WORLD

43

41

42

4i

3.782

1 .381

160

-116

270

?S2

1,440

1

4*

1.110

-425

107

-36

L84

62

396

■361

37

-368

183

71

686

-333

178

47

160

H i

2,076

253

475

2

77

44

-541

-241

-1,313

-662

33*

219

-262

-302

104

-25r

16?

45
46

117
0

258
0

-1
0

13
0

63
&

107
0

52
0

19
0

80
0

218
0

135
0

47
48
4*
50

7Q
13
23
H

*0

15
6
5
-27

4
2
9
-2

37
1
7
18

7
3
6
91

29
7
4
12

4*

?4
S
3
lA«r

12
18
138

5
2
4'

ft

rif/73 FIGURES ARE T E NT a TJVF ESTIMATES BASED ON INCOMPLETE TNFORK/kTrON*




4 '
27

57*
5
65

-275

DEPOSITS AT FHLB
<ASSE7-S*L ASSOCIATIONS!
LI AB .- SP OH SO RE D CREOIT ACS.

1 4 8 E O . IN U..S* 6 0 V T . C R E D I T A $ S »
0
U.S. GOVERNMENT
PRIVATE
51
F 4 RM ~ B U S I N E S S f F T C B ♦ F L B *
1!
#0*FAW* NONCORPORATE r s o
4C O R P O R A T E B U S I N E S S (FN*A)
82
S*L A S SO CI AT IO NS tFHL&K

44
45
46
47
4t
4%
50

7 NO VE MH ER 1973
M I S C E L L A N E O U S II

MISCELLANEOUS

22

22

UNADJUSTED

1971

QUARTERLY

1972

II

MI SC EL LA NE OU S FI NA NC IA L CL AI MS (CONTINUED)
(M IL LI ON S OF DO LL AR S)
UNADJUSTED

FLOWS
I
I

19/1
ITT

II

IV

|
|

.I

19 72
I

II

H I

IV

I

T

1973
II

31 8

540

74

76

80

11 9

142

146

133

1?2

115

1

2
3
4

31 1
112
199

322
113
209

332
116
216

342
116
2?6

350
116
234

360
117
243

890
301
130
?oo
?59

898
30 0
129
?02
?67

903
321
11 8
191
273

910
340
10 7
18 3
280

917
356
97
175
289

923
359
96
17 4
2 94

930
356
103
178
293

937
364
183
282

944
36?
11 ?
185
285

951
367
118
190
276

3.463

882

2.230

-2.357

-247

-1.026

?.?58

2 .478

3.464

-1.78T

7.073

2.*54
7
821
-820
-557

9.102
1
29
-1.207
265

-758
-3
385
-716
-41

2.456
0
-234
-453
49 0

-2.021
0
363
391
-373

2.720
1
-110
-588
60

-1.001
0
106
-421
29

3.353
0
-295
-1.453
252

4 .030
0
328
1 .255
-76

8 .0?9
0
?33
-167
300

1.118
0
54
-1.983
-46

8.949
0
-485
-875
43

16
17
18
19
20

794
1? 0
1.070
68
-172

711
215
1.594
151
- 1 .0?4

161
209
543
16
-63

744
173
?05
17
-?63

-863
-320
265
20
336

511
182
195
1
106

45
258
565
84
-674

763
178
319
18
456

-608
-403
515
48
-912

1.160
260
392
0
407

3
366
787
0
-408

437
358
583
0
141

21
22
23
24
25

1.902
1 .679
5 71
-857
509

6 .8?7
b ,4 1 2
-1.298
1.247
466

-1.935
-1.629
1 16
-386
-36

2.263
1 .*54
-269
309
369

-831
-490
-287
-273
219

1.333
2.037
-273
-321
-110

-1.270
-476
-410
-277
-107

? .065
? . 159
-569
353
122

4 .609
2 .692
1 .492
56 1

2 .6 ? 6
1 .668
275
733
-50

1.406
2.025
-807
223
-35

26
27
28
29

-579
-1.063
1.005
521

1 .541)
2.316
-43
733

686
-878
1 .32?
-242

-486
-1.755
1.469
?oo

-1 . 0 0 9
1 09
-1.144
-26

1.029
-475
1 .843
339

277
161
-276
-392

1.050
-413
1 .744
28 1

-816
3 .043
■3 . 3 5 4
505

2.818
-2.759
5.191
-386

30
31
32
33
34
35
36
37

855
-2.583
554
767
3?8
600
68
49

5.639
2.053
645
291
78 3
467
-223
506

-1.640
-1.058
131
377
76
160
31
?7

226
-1.680
392
31
333
162
24
11

336
1.395
-287
141
-414
142
-4
1

2.967
-545
61
404
224
127
-36
99

25
1.206
310
447
249
11 3
-70
115

1 .095
-1.249
808
-?10
-128
110
-72
132

1 .552
2 .641
-534
-350
438
11 7
-45
16 0

4.565
115

38
39
40

1 . 3 31
-330
71

2.010
-903
10

-564
-657
-163

1.173
-453
233

-705
-110
177

816
1.992
-175

-338
-1.864
-143

1 .475
374
-145

57
•1 . 4 0 5
473

?61
10?
159

5
6
7
8
9

3.570
1.244
498
78 1
1 .047

3.680
1.411
403
710
1 . 156

10

1 .799

11
12
13
14
15

.

(0)

108

(E)

-46

111/73 FIGURES ARE TFNT a TIVF ESTIMATES BASED ON INCOMPLETE INFORMATION.




CLAIMS

LIFE COMPANY RESERVES
(ASSET-HOUSEHOLDS)
L I A B . - L I F E I N S U R A N C E COS.
AC CI DE NT AND HEALTH
PO LI CY D I VI DE ND ACCUM.

30 1
11 4
187

1.266
455
01 1

INSURANCE

103

268
102
166

1 .060
418
64?

LIFE

OEFERRED AND UNPAID PREMIUMS
(ASSET-LIFE INSURANCE)
LIAB.-HOUSEHOLDS

?59
96
16 3

2
3
4

FLOWS

II I

(C)

1

QUARTERLY

NONLIFE

INSURANCE

CLAIMS

L l A B .- OT HE R INSURANCE
ASSET-HOUSEHOLDS
FARM BUSINESS
N O N F A R M N O NC OR P. BUS.
CORPORATE BUSINESS
UNALLOCATED
NET

TOTAL

ASSETS

(LIAB.

5
6
7
8
9

♦ LIAB.

LESS

ASSETS)

10

TOTAL LI AB IL IT IE S
U.S. G O V E R N M E N T
U.S. G O V T .- WI TH OU T LEVELS
REST OF THE WORLD
SP ON SO RE D CREDIT AGENCIES

11
12
13
14
15

SA V I N G S ♦ L O AN ASSNS.
MUTUAL SA VI NG S BANKS
LIFE INSURANCE
REITS
MONETARY AUTHORITIES

16
17
18
19
20

1.005
962
-415
473
-15

COMMERCIAL BANKING
CO MM ER CI AL BANKS
BANK AFFILIATES
FOREIGN BANKING AGENCIES
B A N K S IN U . S . PO SS .

21
2?
23
24
25

930
-2.560
3.787
288

7.742
2.682
4.966
-94

F L O A T S IN C O M L . B A N K S T M N T
ON INTERBANK DEPOSITS
ON I N T E R B A N K LO AN S
LE SS * ON M E M B E R BK. RES.

26
27
28
29

773
-?7
1?2
-16
13 4

2.901
1.91?
346
3?
373
126
15
15?

1.876
-1.369
569
-?46
-272
132
-19
168

TOTAL ASSETS
REST OF THE WORLD
SPONSORED CREDIT AGENCIES
SAVI NG S ♦ LO AN ASSNS.
MUTUAL SAVINGS BANKS
LIFE INSURANCE
PRIVATE PENSION FUNDS
REITS

30
31
32
33
34
35
36
37

2.538
1.048
-16

28?
-38®
51

2.056
824
33

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

38
39
40

-106

7 NOVEMBER
total

1973

TOTAL CLAIMS

claims

23

23

TOTAL FINANCIAL ASSETS AND LIABILITIES
(MILLIONS OF DOLLARS)

UNADJUSTEO

QUARTERLY

UNADJUSTED QUARTERLY FLOWS

FLOWS

TOTAI.

1973
II

1972

14 r\
III

II
FUNDS

RAISED

AND

ADVANCED

II I
IN

credit

MARKETS

(1)

1
2
3
4
5
6
7
8
9

146.698
25.500
5.725
115.473
16.991
38.320
4.098
8.694
47.370

166.115
17.317
3.432
145.366
12.275
63.316
4.857
10.373
54.545

38.377
1.820
1 .669
34.888
4.379
11.524
1 .746
2.853
14.386

41.434
9.603
1.878
29.953
4.158
10.130
733
1 .976
12.956

46.649
12.503
1.273
32.873
3.295
15.984
243
2.399
10.952

26.975
4.293
942
21.740
3.882
7.258
1.252
951
8.397

37.027
-5.651
362
42.316
2.672
17.757
2.119
3.251
16.517

39.P56
5.738
357
33.161
3.179
15.643
587
2.332
11.420

6P.857
12.937
1.771
48.149
2.542
22.658
899
3.839
18.211

46.5?5
8.839
3.297
34.389
1.6^3
11.214
2.013
2.664
16.895

47.144
-5.92?
1.79?
51.274
2.787
21.270
2.847
3.739
20.631

F U N D S R A I S E D I N C R E D I T M K T S . BY l
37.390
NONFINANCIAL SECTORS
U.S. g o v e r n m e n t
-421
FOREIGN
-705
38.516
PRIVATE DOMESTIC
S. ♦ L. g o v e r n m e n t s
928
house h ol ds
18,182
FARM BUSINESS
1,577
NO NF AR M NO NC OR P. BUS.
3,647
CORPORATE BUSINESS
14,182

10
11
12
13
14
15
16
17
18
19

16.477
4.296
1.992
-376
1.641
3
599
4.212
2.929
1.101

28.378
6.182
3.308
664
844
1 .972
600
9.117
6.324
-633

389
313
-1.276
41
46
-795
153
1.553
702
-348

5 .?7 7
2.017
1.341
167
388
777
159
-497
709
216

8.774
1.955
-18
73
1.225
704
153
2.980
870
832

6.255
1.392
2.563
199
1.392
-2.267
150
964
1.589
273

6.168
2.115
842
-201
-801
1.319
150
1.852
1.571
-679

6.252
1 .083
-480
397
1.710
1.034
150
1 .419
1.168
-229

9.703
1.592
383
269
-1.457
1.886
150
4.882
1 .996
2

11.436
2.684
2.529
819
1.985
201
150
1.830
1.576
-338

15.661
5.874
-81?
827
1.423
3.317
15 0
3.608
1.75?
-478

16,149
7,605
1.647
948
-172
2,984
150
1.279
1.945
-?37

20

163.175

194.493

38.766

46.711

S5.423

33.230

43.195

45.508

72.560

57.961

62.805

21
22
23
24
25

-9.577
-14.681
687
6.H55
-2.438

9.578
3.051
1.074
3.492
1 .961

-930
-6.436
588
5.598
-680

8.100
7.226
-46
1 .793
-873

-6.773
-5.192
45
-888
-738

1.745
1.102
-30
-68
741

-632
-1.087
126
232
97

1.455
2.824
-77
-1.288
-4

7.010
212
1 .055
4.616
1.127

1.660
1 .979
77
-360
-36

4.738
1.628
181
3.150
-221

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

FINANCIAL SECTORS
SPONSORED CREDIT AGENCIES
COMMERCIAL BANKS
BANK AF FI LI AT ES
FOREIGN BANKING AGENCIES
SAVINGS ♦ LOAN ASSNS.
OTHER INSURANCE COMPANIES
f inance

compa n ie s

53.539

REITS
OPEN -E ND INVESTMENT COS.
■ TOTAL FUNDS RAIS ED AND
A D V A N C E D IN C R E D I T M A R K E T S

20

10.235
7.647
-99
733
1.954

N E T A C Q U I S I T I O N S BYl P R I V A T E
DOMESTIC NONFINANCIAL SECTORS
HOUSEHOLDS
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
STATE ♦ LOCAL GO VERNMENTS

21
22
23
24
25

U.S.

GOVERNMENT

26

26

3.222

2.313

956

6?6

444

820

-53

1.056

490

471

-237

1.063

27
28
29

142.279
2.f> 02
8.848

171.950
6.013
184

37.221
-1.136
1.101

28.395
1.316
2.108

51.998
2.397
3.359

26.977
1.853
-184

43.466
1.624
1.629

37.529
300
-1.718

63.978
2.236
457

4 6 . 3?4
3.113
4.127

60.34?
5.859
1.179

41.684
7.022
489

30
31
32
33
34

50.575
50.279
-114
99
31 1

69.840
68.824
-24 2
971
287

17.294
17.312
200
-310
92

7.336
6.975
-98
387
72

23.326
22.960
-120
451
35

5.084
5.683
-68
-549
18

16.961
17.534
-476
-71
-26

15.220
14.572
-32
466
214

32.575
31.035
334
1.125
81

17.019
15.161
563
1.349
-54

27.443
26,618
35o
533
-67

14.926
13.302
1.117
534
-27

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

35
36
37
38

80.054
29.367
9.927
2.632

95.913
36.479
9.974
2.824

19.962
7.838
2.914
1 .022

17.635
7.561
1.616
651

22.916
5.965
2.161
696

20.224
8.456
3.580
528

23.252
6.998
2.486
969

23.727
9.995
2.535
752

28.710
9.030
1.373
575

22.065
10.196
3.020
574

25.861
9.339
1,587
1.001

19.247
4,990
1,070
1,055

PRIVATE NONBANK FINANCE
SAVINGS ♦ LOAN ASSNS.
MUTUAL SAVINGS BANKS
CREDIT UNIONS

39
40
41
42

11.758
7.351
6.915
6.248

13,629
5.752
7.279
5.832

2.586
2.011
1.71?
1.673

3.013
1.213
1 .997
1.732

2.740
2.504
1.397
1 .680

4.127
1.164
1.193
1.337

2.764
1.560
2.658
1.215

3.627
1.386
1.817
1.526

3.111
1.642
1.611
1.754

4.758
1.967
1.995
1.502

3.353
1.115
2.788
1.517

4,759
1,693
1,854
1,742

LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
S. ♦ L . G O V T , * R T R . F U N D S
OTHER INSURANCE COMPANIES

39
40
41
42

43
44
45
46

4.112
2.544
444
-1.244

10.758
4.844
-1.838
380

1 .386
58?
-340
-1.42?

-4?3
616
171
-512

2.432
750
430
2.161

1.303
1.290
-122
-2.632

2.507
1.196
-763
-338

2.006
802
-264
-455

4.942
1.556
-689
3.805

1.560
1.151
-1.155
-3.505

3.598
1.275
-626
914

1,573
1.414
-397
-506

FINANCE COMPANIES
PEITS
O P EN -E ND IN VE ST ME NT COS.
SECURITY BROKERS ♦ DEALERS

43
44
45
46

47

27.251

10.652

7.362

9.590

3.911

3.688

414

5.468

1.082

9.506

-2.038

557

TOTAL

CtAIMS

ANO

THETR

RELATION

TO

TOTAL

FINANCIAL

194.493

38.766

46.711

S5.423

33.230

43.195

45.508

72.560

57.961

62,805

53.539

2
3

-1.731
490

-155
533

-}86
143

-923
114

6
135

-63
173

93
153

-119
111

-66
96

-2?0
P8

-A
193

13
64

4
5
6
7
8

99.592
58.766
17.403
41.363
40•*26

109.122
62.727
20.384
42.343
46.395

30.527
19,525
12.797
6.728
11.00?

13.126
5.655
-2.065
7.720
7.471

18.780
29.673
19.204
10.469
9.107

14.836
125
-10.308
10.433
14.711

29.401
18.439
8.325
10.114
10.962

20.198
10.094
-562
10.656
10.104

44.687
34.069
22.929
11.140
10.618

21.407
8.885
-11.191
20.076
l2.5?2

31,634
22.828
11.014
11.814
8. 8 0 6

5.208
5,082
-8.952
14,034
126

9

28.270

28.023

8.168

6.553

7.124

4.655

9.183

6.763

7.4??

7 .1 ? 9

9.440

6,592

10
11
12
13
14

3.776
4.565
1.804
-3.416
8.379

8.854
15.910
694
-4.953
20.927

337
1.523
-1.570
-860
-204

744
4.884
874^
-777
5.384

4.083
547
68
-847
-1.293

1 .504
7?6
1.921
-1.015
7.255

2.663
3.966
-3.905
-1.431
1.109

462
6.828
1.221
-1.326
8.097

4.225
4.390
1.457
-1.181
4.466

-5.717
-1.677
4.111
-1.900
12.999

-2.175
8.464
-1.521
-2.065
6.921

-2,265
10,761
3,746
-2,144
12,865

15

5.582

1.985

1 .161

1.266

1.813

638

1.553

3.177

-3.383

3.765

552

8,016

16

310.486

375.433

77.805

77.956

1^5.039

63.860

85.980

90.920

134.673

97.946

114.249

96,395

17
18
19

-173
2.281
264

1.390
1.745
-4,127

107
1 .898
917

148
-1.368
1.958

-81
1.757
981

830
-1.342
-4.415

57
1.823
-367

538
-2.165
830

-35
3.429
-175

571
-1.438
-8,010

-501
2*606
1,292

-729
-3,273
429

20
21
22

12
175
1 .799

-153
-295
3,463

-7
1.422
882

30
-884
2.230

12
-1,401
-2,357

-95
396
-247

-18
1.034
-1.026

-23
-483
2.258

-17
-1.242
2.478

-19
480
3,464

8?
1.410
-1.783

-4
-627
7,073

23

306.128

373,410

72.586

75.842

106,928

68.733

84.477

89.965

130,235

102,896

111.134

93.526
U>

ESTIMATES BASED ON INCOMPLETE INFORMATION.

REST

OF

THE

27
28
29
30
31
32
33
- 34
35
36
37
38

47

WORLD

ASSETS

1 163.175


111/73 FIGURES ARE TENTATIVE


FINANCIAL INSTITUTIONS
SPONSORED CREOIT AGENCIES
FEDERAL RESERVE SYSTEM

TOTAL CREDIT MARKET DEBT
(FROM P R E C E D I N G TABLE)
OTHER LIABILITIES:
OFFICIAL FOREIGN EXCHANGE
TREASURY CURRENCY
D E P O S I T S AT F I N A N C I A L IN S T S .
BANKING SYSTEM
DEMAND DEP. ♦ CU RR EN CY
TIME ♦ SAVINGS DEPOSITS
SAVINGS INSTITUTIONS
INSURANCE
SECURITY
trade

♦ PENSION

RESERVES

CREDIT

debt

PROFIT TAXES PAYABLE
NONCORP. PROPRIETORS*
MISCELLANEOUS
INTERBANK

EQUITY

CLAIMS

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

TOTAL DEBT ABOVE
- F L O A T S N O T I N C L . IN A S S E T S
DEMAND DEPOSrTS-U.S. GOVT.
other

16
17
16
19

TRADE CREOIT
- LI ABILITIES NOT ALLOCATED
AS ASSETS
TREASURY CURRENCY
TAXES PAYABLE
MISCELLANEOUS

20
21
22

TOTALS ALLOCATED
AS AS SE TS

23-

INCLUDES

CORPORATE

TO

SECTORS

EQUITIES.

7 NO V E M H E R 1973
S A V I N G HY INDIVIDOAI S

SAVING

BY

INDIVIDUALS
24

24

AMOUNT AND COMPOSITION OF INDIVIDUALS' SAVING (1)
(MILLIONS OF DOLLARS)

UNADJUSTED

UUARTFRLY

UNADJUSTED

FLOWS

I

II

1972

19/1
ITI

II

QUARTERLY

FLOWS

1073
II

III

1971

1972

99.928
11 . 0 1 0
70.456

124.909
12.926
75.82b

25.1 M
5. 35 9
15.99?

? 6 .968
-589
13.028

->9.317
^ 1.269
I5.5b6

24.981
-3.943
21.908

31.045
3.292
18.856

31.637
1 .858
19.497

37.246
11.719
15.5*4

24.472
-7.903
22.389

36.071
6.667
17.281

28.021
1.312
11.661

-14.739
2.425
-11.709
-3.462
-874

5.080
3.295
1 .538
-475
1 .296

-4.627
676
-4.2P5
-184
-847

7.046
M 2
1.927
260
1 .272

-6.868
657
.4.010
2*8
- 1 . 0 72

1 .946
797
1.429
-1.485
578

-*39
847
-2.590
660
133

2.895
772
1.069
429
23

1.078
879
1.630
-79
562

2.501
89 1
582
1 .765
496

1.58A
911
- 66 ?
1.239
559

7.240
441
5.076
3.502
649

9
10
11
12

8.172
-3.880
1.181
-6.592

4.851
432
-633
-5.224

2.913
-1 . 2 2 9
-348
-1 . 3 2 3

2.889
-3»2
21b
?5<?

-20
-984
832
-2.559

2.280
-947
273
-979

1.037
596
-679
-843

1.198
-893
-229
526

336
1 .676
2
-3.928

6?4
-1.5?0
-338
1

1.288
-510
-478
-759

462
-469
-237
-2.184

13
14
15
16
17

*.101
5.175
7.256
9.718
4.931

7.241
4.600
5.698
10.484
3 • t>55

1 .527
1 .32?
1.717
3.60?
?69

1 .56 7
1 .3«2
1 .347
2.257
93d

1 .5*1
1 .326
2.366
1 .871
2.226

1 .498
1 .197
878
1 .082
415

1 .842
1.178
1 .456
4.707
553

1 .982
1.120
1 .489
2.172
624

1 .919
1.105
1 .875
2.5J>3
1.463

1.918
1..309
2.146
1 .756
356

1.926
1.251
963
5.309
1 .080

1.900
1 .406
1.689
1.597
1.216

18
19
20
21
22

1 6 5 . 7 5 6 190.4*50
34,305
?6.h49
39.508
34.325
103.491 11 7.409
1.09 1
-772

4 1 .007
5.525
9 . ? 39
26.030
213

41.773
7.0"9
9.306
2 5 . ?34
224

«6.9'»1
8.839
8.403
30 .0 0 1
-34?

41.465
7.979
8.370
24.77?
344

47.079
7.370
10.303
29.430
-24

47.844
8.687
10.687
28.969
-499

54.062
10.2*9
10.148
34.?3«
-593

49.092
9.269
9.262
29.606
955

54.441
8.766
11.425
33.991
259

53.651
10.072
11.497
31.980
102

G R O S S I N V . IN T A N G I B L E A S S E T S
NONFARM HOMES
N O NC OR P. BUS. PLANT ♦ EQUIP.
CONSUMFR DURABLES
INVENTORIES

18
19
20
21
22

23
24
25
26

121.2*6
9.412
24.398
87.476

13<). 6 R 6
1 ft• 1 7 6
26.675
93.775

30.012
2.324
6.009
21 . 6 7 9

30.533
2.355
6.142
2 2 . i«6

U .155
2.394
6.29S
? 2 •4 6 6

31.*41
2.4??
6.407
??•812

32.594
2.727
6.742
23.125

3?.777
? •4 9 3
6.684
23.600

33.614
?.534
6.84?
?4.?38

34.366
2.5*0
6.959
24.847

35.16?
2.60?
7.135
25.425

35.847
2.618
7.180
26.049

CAPITAL CONSUMPTION ALLOWANCES
NONFARM HOMES
NO N C O R P . BUS. PLANT ♦ EQUIP.
CONSUMER DURABLES

23
24
25
26

27
28
29
30
31

44.470
17.437
9.^27
16.015
1 .091

59.824
2 4 . 1 ?9
12.833
23.634
-772

10.995
3.201
3.230
4.351
213

11.190
4.654
3. 1 6 4
3. 1 4 8
224

15.746
6.445
2.108
7.535
-34?

9.824
5.557
1 .^63
1 .960
344

14.485
4.643
3.561
6.305
-24

15.067
6.194
4.003
5.369
-499

20.448
7.735
3.306
10.000
-593

14.726
6.709
2.303
4.759
9*5

19.279
6.164
4.290
8.56*
259

17.804
7.454
4.317
5.931
102

N E T I N V. IN T A N G I B L E A S S E T S
NONFARM HOMES
NO NC OR P. BUS. PLAN T ♦ EQUIP.
CONSUMER DURABLES
INVENTORIES

27
28
29
30
31

32
33
34
35
36
37
38

54.601
24.138
11.230
11.231
2.609
1.013
4.3*0

85.072
38 .4?3
13.237
19.170
4.672
94b
8.625

19.304
5.339
3 .?5 5
3.*93
903
237
5.877

16.977
6.924
3.463
3.632
643
285
2.030

13.038
8.440
2.657
5.426
1.061
255
-4.80]

13.150
7.914
2.103
-515
2.075
147
1.426

28.413
9.037
3.756
5.933
1.682
313
7.692

21.866
10.182
3.950
5.164
620
259
1.691

21.643
11.290
3.4?8
8. * 8 8
295
226
-2.184

16.287
9.276
3.007
1.756
-984
292
2.940

29.245
10.62?
5.196
7.763
-1.337
387
6.614

25.725
9.930
4.984
5.952
-1.020
777
5.102

increase

32
33
34
35
36
37
38

39
40
41

89.797
9.738
16.015

99.661
10.484
23.634

16.85?
3.60?
4.351

21.181
2 .?5 7
3.148

>2.025
1.871
7.535

21.655
1.082
1.960

17.117
4.70 7
6.305

24.838
?• 1 7 2
5.369

36.051
2.5?3
10.000

22.91 1
1.756
4.759

26.107
5.309
8.566

20.100
1.597
5.931

42
43
44

776
-48
63.316

1 .420
-42
6 4 . 165

33
-17
8 •P *3

89
-5
15.692

389
-5
? 2 .235

505
-7
18.115

84
-9
6.030

1 11
-12
17.198

720
-14
2 2 . 8?2

485
-14
15.9?5

30ft
-1?
11.944

167
-12
12.417

I N D I V I D U A L S A V I N G (1*27-32)
- GO V T . I N S U R A N C E ♦ PEN. RES.
- N E T I N V E S T M E N T IN C O N S . D U R .
- CAPITAL GAINS DIVIDENDS
FROM INVESTMENT COMPANIES
- NE T S A V I N G BY FA R M CORPS*
s PE RS ON AL SAVING* F/F BASIS

45

60.159

49.744

12.150

16.984

15.831

16.617

5.015

13.388

14.724

lb.869

8.553

14.848

PERSONAL

46

3.157

14.421

- 3 • ?67

- 1 .?92

6.404

1 .498

1.015

3.810

8.098

56

3.391

-2.431

DIFFERENCE

(1)

111/73

FIGUHES




TENTATIVE

ESTIMATES

BASED

ON

INCOMPLETE

INFORMATION.

I N C R E A S E IN F I N A N C I A L A S S E T S
DEMAND DEPOSITS ♦ CURRENCY
SAVINGS ACCOUNTS
SECURITIES
U.S. SA V I N G S BONDS
O T H E R U . S. T R E A S U R Y SEC.
U. S. G O V T . AG E N C Y SEC.
STATE ♦ LOCAL OBLIGATIONS
CORPORATE

♦ FOREIGN

c om me r ci al

BONDS

paper

IN VE ST ME NT COMPANY SHARES
OTHER CORPORATE EQUITIES
PRIVATE
PRIVATE
PRIVATE

GOVT.

L I F E IN SU RA NC E RES.
IN S U R E D P E N S I O N RES.
N O N I N S U R E D PEN, RES.

I N S U R A N C E ♦ PEN. HES.

MISCELLANEOUS

in

FINAN.

ASSETS

debt

MTG. DEBT ON NONFARM HOMES
NO N C O R P BUS. M O RT GA GE DEBT
CONSUMER CREDIT
SECURITY CREDIT
POLICY LOANS
OTHER DEBT

SAVING*

NIA

BASIS

COMBINED STATEMENT FOR HOUSEHOLDS*
AND NONFARM N O N C O R P O R A T E BUSINESS.

FaRM*

9
10
11
12
13
14
15
16
17

39
40

42
43
44