The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
For use at 4:00 p.m., E.D.T.
Monday
September 15, 1997
..'
'
FEDERAL RESERVE statistical release
'
!
'
Z.l
Flow of Funds Accounts
of the United States
Flows and Outstandings
Second Quarter 1997
Boord of Governors of the Federal Reserve System, Washington D.C. 20551
Flow of Funds Summary Statistics
Second Quarter 1997
capital projects. In the household sector, growth of
debt slowed, as both consumer credit borrowing and
mortgage borrowing declined.
Debt of domestic nonfinancial
sectors
decelerated to a seasonally adjusted annual rate
of 3-3/4 percent in the second quarter of 1997. This
slowdown owed solely to its federal component.
which contracted at a 2-1/2 percent pace as tax
receipts surged early in the quarter. In contrast,
growth in debt of the nonfederal sectors accelerated
to a 6 percent annual rate in the second quarter.
The level of domestic nonfinancial debt
outstanding was $14.8 trillion at the end of the
second quarter of 1997. Debt of the nonfederal
sectors was $11.0 trillion, and federal debt was $3.8
trillion.
Business debt grew at a 6 percent pace in the
second quarter, boosted by financing for a large
advance in capital outlays. Borrowing from banks
and issuance of corporate bonds remained strong,
while commercial mortgage borrowing increased to
its highest level since 1989.
State and local
government debt rose briskly in the second quarter,
reflecting increased issuance of debt to fund new
Figures on the growth and level of debt are
found on tables D.1 through D.3. Tables with
financial flows, amounts outstanding, and selected
sector balance sreets are included in the remaining
pages of this release.
Growth or Domestic Nonfinancial Debt 1
Percent changes; quarterly data are seasonally adjusted annual rates
Nonfederal
Total
1986
1987
1988
1989
1990
1991
.
Federal
13.6
8.0
8.0
7.0
11.0
11.1
1992
1993
1994
1995
12.1
9.2
8.9
7.6
6.5
4.3
4.8
5.2
4.8
5.3
1996
Total
Households
11.7
9.6
11.2
12.0
9.2
7.8
4.7
4.1
5.3
2.3
2.8
4.1
4.8
5.8
5.2
4.0
1996:Ql
6.2
6.2
:Q2
:Q3
5.0
4.8
:Q4
1997:Ql
:Q2
Business
State and
local govts.
9.5
8.5
12.4
6.9
9.8
7.7
10.8
12.1
6.5
5.7
7.5
4.9
3.3
-1.8
5.1
6.2
8.2
7.8
0.6
1.5
3.7
6.2
5.1
8.4
2.0
5.7
-4.0
-3.8
5.6
7.4
4.7
1.2
6.2
6.1
4.9
9.0
4.3
1.7
4.4
7.5
6.9
5.2
5.1
0.7
3.5
-4.7
4.4
3.4
4.8
5.5
3.7
5.2
4.7
3.7
2.1
-2.6
5.6
5.9
6.4
5.5
5.3
6.0
3.2
7.7
10.9
8.3
1. Changes shown are on an end-of-period basis and may differ from month-average data in the H.6 release.
Table of Contents
Table
Title
Page
•
Flow of Funds Accounts, Second Quarter 1997
1
Availability of Data for Latest Quarter
5
Debt Growth by Sector
D.1
8
Borrowing by Sector
D.2
9
Debt Outstanding by Sector
D.3
10
Flows
Title
Table
Levels
Page
Table
Page
Summaries
Total Net Borrowing and Lending in Credit Markets
F.1
11
L.1
60
Credit Market Borrowing by Nonfinancial Sectors
F.2
12
L.2
61
Credit Market Borrowing by Financial Sectors
F.3
12
L3
61
Credit Market Borrowing, All Sectors, by Instrument
F.4
13
L.4
62
Total Liabilities and Their Relation to Total Financial Assets
F.5
13
L5
62
Distribution of Gross Domestic Product
F.6
14
Distribution of National Income
F.7
15
Gross Saving and Investment
F.8
16
Derivation of Measures of Personal Saving
F.9
17
L.9
63
Flows
Title
Levels
Table
Page
Table
Page
Households and Nonprofit Organizations
F.100
18
L.100
64
Nonfinancial Business
F.101
19
L.101
65
Nonfann Nonfinancial Corporate Business
F.102
20
L.102
66
Nonfann Noncorporate Business
F.103
21
L.103
67
Fann Business
F.104
21
L.104
67
State and Local Governments
F.105
22
L.105
68
Federal Government
F.106
23
L.106
68
Rest of the World
F.107
24
Ll07
69
Monetary Authority
F.108
25
L.108
70
Commercial Banking
F.109
26
L109
71
U.S.-Chartered Commercial Banks
F.110
27
L.110
72
Foreign Banking Offices in U.S.
F.111
28
L111
73
Bank Holding Companies
F.112
29
L.112
74
Banks in U.S.-Affiliated Areas
F.113
29
L113
74
Savings Institutions
F.114
30
L114
75
Credit Unions
F.115
31
L.115
76
Bank Personal Trusts and Estates
F.116
31
L.116
76
Life Insurance Companies
F.117
32
Ll17
77
Other Insurance Companies
F.118
32
L118
77
Private Pension Funds
F.119
33
L.119
78
State and Local Government Employee Retirement Funds
F.120
33
L.120
78
Money Market Mutual Funds
F.121
34
L.121
79
Sectors
'
Flows
•
Levels
Title
Table
Page
Table
Page
Mutual Fm1ds
F.122
34
L.122
79
Closed-End FWldS
F.123
34
L.123
79
Government-Sponsored Enterprises
F.124
35
L.124
80
Federally Related Mortgage Pools
F.125
35
L.125
80
Issuers of Asset-Backed Securities
F.126
36
L.126
81
Finance Companies
F.127
36
L.127
81
Mortgage Companies
F.128
37
L.128
82
Real Estate Investment Trusts
F.129
37
L.129
82
Security Brokers and Dealers
F.130
38
L.130
83
Funding Corporations
F.131
38
L.131
83
Gold and Official Foreign Exchange Holdings
F.200
39
L.200
84
SOR Certificates and Treasury Currency
F.201
39
L.201
84
U.S. Deposits in Foreign Countries
F.202
39
L.202
84
Net Interbank Transactions
F.203
40
L.203
85
Creckable Deposits and Currency
F.204
41
L.204
86
Time and Savings Deposits
F.205
42
L.205
87
Money Marlcet Mutual Fm1d Shares
F.206
42
L.206
87
Federal Fm1ds and Security Repurchase Agreements
F.207
43
L.207
88
Open Market Paper
F.208
43
L.208
88
Treasury Securities
F.209
44
L.209
89
Instruments
Flows
Levels
Title
Table
Page
Table
Page
Agency Securities
F.210
45
L.210
90
Municipal Securities and Loans
F.211
46
L.211
91
Corporate and Foreign Bonds
F.212
46
L.212
91
Corporate Equities
F.213
47
L.213
92
Mutual Fund Shares
F.214
47
L.214
92
Bank Loans Not Elsewhere Oassified
F.215
48
L.215
93
Other Loans and Advances
F.216
49
L.216
94
Total Mortgages
F.217
50
L.217
95
Home Mortgages
F.218
51
L.218
96
Multifamily Residential Mortgages
F.219
51
L.219
96
Commercial Mortgages
F.220
52
L.220
97
Fann Mortgages
F.221
52
L.221
97
Consumer Credit
F.222
53
L.222
98
Trade Credit
F.223
53
L.223
98
Security Credit
F.224
53
L.224
98
Life Insurance and Pension Fund Reserves
F.225
54
L.225
99
Taxes Payable by Businesses
F.226
54
L.226
99
Investment in Bank Personal Trusts
F.227
54
L.227
99
Proprietors' Equity in Noncorporate Business
F.228
54
Total Miscellaneous Financial Oaims
F.229
55
L229
100
Identified Miscellaneous Financial Claims - Part I
F.230
56
L.230
101
Identified Miscellaneous Financial Claims - Part II
F.231
57
L.231
102
Unidentified Miscellaneous Financial Claims
F.232
58
L.232
103
Sector Discrepancies
F.10
59
Instrument Discrepancies
F.11
59
1l
Balance
Sheet
Table
Page
Table
Page
Households and Nonprofit Organization
B.100
104
RlOO
106
Nonfann Nonfinancial Corporate Business
B.102
105
Rl02
107
Table
Page
Levels
Table
Page
F.100.a
108
L.100.a
Title
Reconciliation
Balance Sheet and Reconciliation Tables
•
Flows
Title
Supplementary Tables
Nonprofit Organizations
109
I
Flow of Funds Accounts, Second Quarter 1997
This publication presents the flow of funds
accounts for 1997:Q2.
•
Data revisions and other changes. The statistics
shown in these tables reflect use of new or revised
source data. Most significant revisions appear in
recent quarters; however, new source infonnation
resulted in changes to data for earlier periods. The
revisions included the following:
1.
New seasonal factors for quarterly
financial flows have been calculated for the period
1987:Ql forward Tre factors were generated using
the Statistics Canada X-1 lARIMA/88 seasonal
adjustment program.
2. Data for investment and depreciation
flows for all sectors have been revised as a result of
the release of new estimates for fixed reproducible
tangible wealth by the Bureau of Economic Analysis
of the Department of Commerce (BEA). Saving and
investment flows for sectors are flow of funds
allocations of totals from the national income and
product accounts (NIPA) that reflect the distribution
of flows in the tangible wealth data.
.
primary source. Tre AHS is conducted biennially by
the U.S. Census Bureau; the most recent AHS data
are for 1995. For years in which the AHS is not
available, estimates in the flow of funds accounts are
based on residential investment flows and depreciation
from the NIPA and on reported changes in residential
real estate prices.
5.
Investment in and depreciation on
residential structures of farm households have been
moved from the farm business sector to the
households and nonprofit organizations sector (table
F.100), in order to better distinguish between business
and nonbusiness economic activities. The farm
business sector (table F.104) now agrees in definition
with that used by the U.S. Department of Agriculture
(USDA). USDA publications on farm assets and
liabilities are the source for much of the infonnation
on tables F.104 and L.104.
6. Revisions to the nonfarm noncorporate
business sector (tables F.103 and L.103) reflect the
benchmarking of financial assets to the Internal
Revenue Service Statistics of Income for 1994.
7. Revisions to the rest of the world sector
(tables F.107 and L.107) reflect new estimates from
the Department of Commerce for the period from
1974 through 1996. Most of the revisions involved
changes to the levels of international investment
positions from the early 1990s forward, although a
few data series were revised back further.
3. This release includes updated balance
sheet tables for the household and nonprofit
organizations sector (B.100) and for the nonfarm
nonfinancial corporate business sector (B.102).
Stock-flow reconciliation tables for the sectors (R.100
and R.102) have also been included. The balance
sheet and reconciliation tables had previously been
part of a separate publication, the C.9 statistical
release, which has been discontinued. In the future,
balance sheet and stock-flow reconciliation tables will
be updated and published in this release (the Z.l).
The data for tangible wealth noted above are the
major source for the sector estimates of the values of
residential and nonresidential structures and for
nonresidential equipment.
8. In the other insurance companies sector
(tables F.118 and L118), quarterly data from 1996:Q2
through 1997:Ql were revised based on infonnation
from A. M. Best Company. Previously, only annual
data were available. The A. M. Best data are
aggregates produced from quarterly financial
statements that insurance companies file with state
insurance commissioners.
4.
For the household and nonprofit
organizations sector balance sheet (table B.100),
estimates of the value of real estate have been revised
using the American Housing Survey (AHS) as the
9.
In the state and local government
employee retirement funds sector (tables F.120 and
L.120), lines were added for fixed nonresidential
investment and gross saving. These two series are
2
based on estimates of the acquisition of real estate
assets and depreciation on ex1stmg assets,
respectively. Pension fund reserves (line 17), the
liabilities of the sector, are now equal to the sum. of
fixed nonresidential investment and the ret acquisition
of financial assets less gross saving.
investment in equipment and vehicles by the sector.
Because a variety of sources of data are used to
compile infonnation on this sector, a discrepancy
between sources and uses of funds may arise. For the
time periods shown in this publication, however, the
discrepancy is zero.
10. Accounting in the mutual funds sector
(table F.122) was altered to ensure that capital gains
(and losses) are excluded from sector financial flows.
A discrepancy (line 14) was introduced to the
statement for this sector. The discrepancy represents
the difference between total sources of funds (which
equals the sum of gross saving and net share issues)
and uses of funds (which equals the net acquisition of
financial assets). Gross saving in the sector is a
component of total retained earnings of all financial
corporations reported in the NIPA and reflects the
sutnaction of dividend payments to shareholders from
sector profits. Because the NIPA method includes
realized capital gains as dividends, gross saving for
the mutual fund sector is typically negative.
Explanatory notes for tables D.1, D.2, and D.3.
Domestic debt includes credit marlcet funds borrowed
by U.S. entities from both domestic and foreign
sources, while foreign debt represents amounts borrowed by foreign financial and nonfinancial entities in
U.S. markets only. Financial sectors consist of
government-sponsored enterprises, federally related
mortgage pools, and private financial institutions.
Credit market debt consists of debt securities,
mortgages, bank loans, commercial paper, consumer
credit, U.S. government loans, and other loans and
advances; it excludes trade detx, loans for the purpose
of carrying securities, and funds raised from equity
sources.
11. The results of a June 1996 survey of
finance companies have been incorporated into this
publication. The details of the survey were reported
in an article in the July 1m issue of the Federal
Reserve Bulletin In addition to data revisions noted
in that article, the survey provided more detail on
finance company assets, permitting the addition of
several new series to the flow of funds accounts.
Growth rates in table D.1 are calculated by
dividing seasonally adjusted flows from table D.2 by
seasonally adjusted levels at the end of the previous
period from table D.3. Seasonally adjusted levels in
flow of funds statistics are derived by carrying forward year-end levels by seasonally adjusted flows.
Growth rates calculated from changes in unadjusted
levels printed in table L.2 can differ from those in
table D.1.
--Consumer leases are now reported
as a separate memo item in the
finance company sector (tables
F.127 and L.127), and securitized
consumer leases are reported as a
separate memo item in the issuers
of asset-backed securities sector
(tables F.126 and L.126).
Relation of Flows to Outstandlngs. Estimates of
financial assets and liabilities outstanding are linked
to data on flows. However, figures on outstandings
contain discontinuities or breaks in series that could
affect analysis of particular relationships over time.
Specifically, outstandings in the flow of funds
accounts are related to the flows in the following
way:
--Mortgage lending and mortgage
assets of finance companies are
now reported separately for home
mortgages (tables F.218 and L.218),
multifamily residential mortgages
(tables F.219 and L.219), and
commercial mortgages (tables F.220
and L.220).
Outstanding , - Outstanding ,_ 1+ Aow ,+ Discontinuity ,
where t is the time period.
12. In the issuers of asset-backed securities
sector (table F.126), lines were added for fixed
nonresidential investment and gross saving and a
sector discrepancy. The lines for fixed nonresidential
investment and gross saving derive from estimates of
Discontinuities result from changes in valuation, breaks in source data, and changes in definitions.
For most series, the value of the discontinuity is zero
for nearly all time periods. However, in a few
instances, the discontinuity is nonzero for almost all
time periods, or is quite large in a particular quarter,
such as a period when there is a sharp increase or
decrease in equity prices or a major break in source
data
'
...
3
The discontinuities in the series can distort
estimated rates of growth in assets and liabilities
between periods.
In order to minimire these
distortions, percentage changes in assets and liabilities
in flow of funds releases should be calculated in the
following manner:
Percentage change , - (Flow , / Outstanding
.
1. 1)
* 100
Preliminary Estimates. Figures shown for the most
recent quarter in these tables are based on preliminary
and incomplete infonnation. A summary list of the
principal sources of information available wren the
latest quartet's data were compiled is provided in a
table following this introduction. The distinction
between "available" data and "missing" data is not
between final and preliminary versions of data, but
rather between those source estimates that are fully
ready when the latest quarterly publication is
compiled and those that are not yet completed.
However, the items that are shown as available are, in
general, also preliminary in the sense that they are
subject to revision by source agencies.
Margins or Uncertainty. Flow of funds statistics are
subject to uncertainties resulting from measurement
errors in source data, incompatibilities among data
from different sources, potential revisions in both
financial and nonfinancial series, and incomplete data
in parts of the accounts. The sire of these W1Certainties cannot be quantified in precise statistical terms,
but allowance for them is explicitly made throughout
the accounts by the inclusion of "discrepancies" for
various sectors and instrument types. A discrepancy
for a sector is the difference between its measured
sources of funds and its measured uses of funds. For
an instrument category, a discrepancy is the difference
between measured funds borrowed through the
financial instrument less measured funds lent through
that instrument. The sire of such discrepancies
relative to the main asset or liability components is
one indication of the quality of source data, especially
on an annual basis. For quarterly data, differences in
seasonal adjustment procedures for financial and
nonfinancial components of the accounts sometimes
result in discrepancies that cancel in annual data.
Availability or Data. Flow of funds statistics are
updated about nine weeks following the end of a
quarter. This publication--the Z. l release--is available
from the Board's Publications Services. Flow of
funds data are also available electronically through the
Internet at the following location:
http://www.bog.frb.fed.us/releases/
and through the Economic Bulletin Board of the
Department of Commerce.
Data from the flow of funds accounts are
also available on 3-1/2 inch diskettes. Tre diskettes
contain quarterly data beginning in 1952, organired in
files that correspond to the tables publisred in this
release. One diskette contains the seasonally adjusted
flows, a second diskette contains unadjusted flows,
and a third diskette contains quarterly outstandings,
which are not seasonally adjusted. In addition, the
third diskette contains quarterly data for the debt
tables (tables D.l, D.2, and D.3) and available
balance sheet tables, as well as monthly data from
January 1955 forward for the monthly debt aggregate
published in the Board's H.6 release, "Money Stock,
Liquid Assets, and Debt Measures."
Subscription Information. Tre Federal Reserve
Board charges for subscriptions to all statistical
releases. Inquiries for releases or the diskettes should
be directed to:
Publications Services, Stop 127
Board of Governors
of the Federal Reserve System
20th Street and Constitution Avenue, N.W.
Washington, DC 20551
(202) 452-3244
A Guide to the Flow of Funds Accounts is available.
The 670-page Guide explains in detail how the U.S.
financial accounts are prepared and the principles
underlying the accounts.
4
5
Availability of Data for Latest Quarter
II
1. National income and
product accounts (NIPA)
2. Household sector
(tables F.100 and L.100)
3. Nonfinancial corporate
business
(tables F.102 and L.102)
Available at time of publication
Maior items mismng
Preliminary estimates, seasonally
adjusted, for 1997:Q2.
Unadjusted flows since 1992.
Estimates for this sector are largely residual and derived from data for
other sectors. Availability of data depends on schedules for other
sectors. Data for consumer credit, which are estimated directly, are
available through 1997:Q2.
Quarterly Financial Report (QFR)
Statistics of Income data since
of the Census Bureau through
1997:Ql; Internal Revenue Service
Statistics of Income data through
1994, securities offerings,
mortgages, bank loans, commercial
paper, and other loans through
1994; QFR data for 1997:Q2.
1997:Q2.
.
4. Nonfarm noncorporate
business
(tables F.103 and L.103)
Internal Revenue Service Statistics
of Income data through 1994; bank
and finance company loans and
mortgage borrowing for 1997:Q2.
Statistics of Income data since
5. Farm business
(tables F.104 and L.104)
Mortgages, bank loans, loans from
government-sponsored enterprises,
and equity in government-sponsored
enterprises through 1997:Q2; trade
payables through 1996:Q4.
Data for U.S. government loans
to farms since 1994:Q4; data for
consumption of fixed capital
since 1995; undistributed profits
since 1994; checkable deposits
and currency since 1996; and
trade payables since 1996.
6. State and local
governments
(tables F.105 and L.105)
Gross security offerings and
retirements, deposits at banks, and
nonmarketable U.S. government
securities issues for 1997:Q2; asset
data through 1995:Q2 from the
Otrer asset items since 1995:Q2.
Comprehensive Annual Financial
Reports of states that account for
most of financial asset holdings of
the sector.
1994.
6
7. Federal government
(tables F.106 and L.106)
Data on federal receipts and outlays
from the Monthly Treasury
Statement of Receipts and Outlays
through 1997:Q2; data from tre
Federal Financing Bank statement
through 1997:Q2.
Data for loans outstanding since
1994 except at tre Federal
Financing Bank.
8. Rest of the world
(U.S. international
transactions)
(tables F.107 and L.107)
Balance of payments data through
1997:Q2; NIPA estimates, data
from bank reports of condition and
Treasury International Capital
System data through 1997:Q2.
None.
9. Monetary authority
(tables F.108 and L.108)
All data through 1997:Q2.
None.
10. Commercial banking
(tables F.109 and L.109)
All data through 1997:Q2 for
U.S.-chartered banks, foreign
banking offices in the U.S., bank
holding companies, and commercial
banks in U.S.-affiliated areas.
Data since 1995 for brancres of
domestic commercial banks
located in U.S.-affiliated areas.
11. Savings institutions
(tables F.114 and L.114)
All data through 1997:Q2.
None.
12. Credit unions
(tables F.115 and L.115)
All data through 1997:Q2.
None.
13. Bank personal trusts and
estates
(tables F.116 and L.116)
All data through 1996.
Data since 1996.
14. Life insurance companies
(tables F.117 and L.117)
Asset data through 1997:Ql and
liability data through 1996.
Asset data for 1997:Q2 and
liability data since 1996.
15. Other insurance companies
All data through l 996:Q4.
Data since 1996:Q4
16. Private pension funds
(including FERS)
(tables F. 119 and L.119)
Quarterly data through 1997:Q2;
Internal Revenue Service Form
5500 data through 1993.
Form 5500 data since 1993.
17. State and local government
employee retirement funds
(tables F.120 and L.120)
All data through 1997:Ql.
Data for 1997:Q2.
18. Money market mutual
funds
(tables F.121 and L.121)
All data through 1997:Q2.
None.
19. Mutual funds
(tables F.122 and L.122)
All data through 1997:Q2.
None.
20. Closed-end funds
(tables F.123 and L.123)
All data through 1995.
Data since 1995.
.
(tables F.118 and L.118)
.
7
.
21. Government-sponsored
enterprises
(tables F.124 and L.124)
Balance sheet data for FHLBs,
FNMA, FHLMC, SLMA, FCS,
FICO, and REFCORP for 1997:Q2.
None.
22. Federally related mortgage
pools
(tables F.125 and L.125)
All data through 1997:Q2.
None.
23. Issuers of asset-backed
securities (ABSs)
(tables F.126 and L.126)
All data from Trepp/PSA
Information Services and data for
private mortgage pools, consumer
credit, business loans, student loans,
consumer leases, and trade credit
securitization through 1997:Q2.
None.
24. Finance companies
(tables F.127 and L.127)
All data through 1997:Q2.
None.
25. Mortgage companies
(tables F.128 and L.128)
Mortgage data through 1997:Ql.
Data for 1997:Q2.
26. Real estate invesbnent
trusts (REITs)
(tables F.129 and L.129)
Data through 1996:Q3; equity
issuance through 1997:Q2.
Data since 1996:Q3.
27. Security brokers and
dealers
(tables F.130 and L.130)
Data for firms filing FOCUS
reports through 1997:Q2; data for
firms filing FOGS reports through
1996:Q3.
Data from FOGS reports for
1996:Q4 through 1997:Q2.
28. Funding corporations
(tables F.131 and L.131)
Estimates for this sector are largely residual and derived from data for
other sectors.
8
Zl, September 15, 1997
D.1 Debt Growth by Sector 1
In percent; quarterly figures are seasonally adjusted annual rates
Fedeml
Total
government
Total
nonfederal
Domestic nonfinancial sectors
Nonfederal
Households
Home
Consumer
mortgage
cmlit
Total
- - Business - -
Total
Corpomte
Stalle
and
local
governments
Domestic
financial
secu,rs
Foreign
1958
1959
1960
1961
1962
6.1
7.8
5.0
6.0
6.9
4.1
3.0
-0.9
3.0
2.8
7.2
10.4
8.1
7.4
8.8
6.0
12.0
8.4
7.1
8.8
8.4
10.4
7.9
8.0
8.2
0.6
15.6
7.1
3.6
9.3
7.4
9.1
7.9
7.7
9.1
6.7
7.5
7.3
6.1
7.8
10.2
9.9
8.3
7.8
7.7
1.0
32.l
17.5
7.2
13.1
10.7
3.0
8.3
9.6
8.2
1963
1964
1965
1966
1967
6.8
7.3
7.1
6.7
7.1
1.5
2.4
0.6
1.4
4.9
9.1
9.3
9.6
8.5
7.8
9.8
9.8
8.6
6.1
4.9
8.8
8.3
7.6
5.1
5.0
12.3
12.2
11.6
6.1
5.0
9.1
9.6
11.2
11.7
II.I
7.7
9.2
11.4
12.4
11.6
6.5
7.2
7.9
6.7
6.7
18.3
13.6
16.8
17.7
1.0
11.7
12.9
7.2
5.1
9.8
1968
1969
1970
1971
1972
8.0
7.1
6.9
9.5
10.0
4.5
-I.I
4.2
8.3
4.6
9.2
9.7
7.6
9.8
11.4
8.0
7.1
3.9
8.9
11.2
6.1
5.8
3.7
8.0
II.I
9.9
8.3
3.4
11.7
13.1
10.8
12.I
10.5
10.3
12.5
11.4
12.1
10.5
8.1
10.1
7.5
9.6
8.7
10.9
8.4
14.1
32.8
14.5
8.7
17.2
6.3
6.9
5.7
9.7
7.9
1973
1974
1975
1976
1977
10.7
9.2
9.3
10.8
12.8
2.0
3.4
23.9
15.6
11.0
12.9
10.5
6.3
9.7
13.3
12.2
7.7
8.0
11.6
16.1
11.2
7.8
8.9
13.1
17.5
13.3
4.6
3.8
10.6
15.5
14.9
13.7
5.2
8.4
12.1
17.7
12.1
3.7
7.7
12.2
7.8
6.9
5.4
8.4
8.4
28.9
23.1
1.2
9.0
18.8
10.3
20.5
17.4
21.5
11.6
1978
1979
1980
1981
1982
13.8
12.2
9.5
10.0
9.9
9.2
5.8
11.8
11.6
19.7
15.0
13.7
9.0
9.6
7.7
16.8
14.6
8.1
7.2
5.4
17.4
15.3
10.4
6.5
4.5
17.4
13.8
0.6
5.0
4.6
13.3
14.1
10.4
12.2
8.9
12.0
11.6
8.5
13.8
7.0
15.4
9.0
6.9
8.0
11.2
22.1
22.0
14.4
18.0
13.6
18.6
9.5
14.0
11.9
7.2
1983
1984
1985
1986
1987
12.0
14.5
15.6
12.1
9.2
18.9
16.9
16.5
13.6
8.0
10.2
13.9
15.3
11.7
9.6
11.3
12.6
14.8
11.2
12.0
10.4
11.3
13.1
13.3
15.9
12.8
18.3
14.2
9.2
5.1
9.0
15.6
12.2
12.4
6.9
8.2
16.9
12.5
15.5
8.7
11.4
11.4
31.8
10.8
12.1
13.4
17.9
19.5
26.1
18.3
8.2
3.7
0.5
4.1
2.6
1988
1989
1990
1991
1992
8.9
7.6
6.5
4.3
4.8
8.0
7.0
11.0
II.I
10.9
9.2
7.8
5.3
2.3
2.8
9.5
8.5
7.5
4.9
5.1
10.7
9.9
9.6
6.6
6.0
8.6
6.0
1.9
-1.7
0.5
9.8
7.7
3.3
-1.8
0.6
11.6
8.7
5.0
-2.1
1.6
6.5
5.7
5.l
8.4
2.0
13.1
10.5
8.8
6.0
8.7
3.0
4.0
9.1
5.2
7.9
1993
1994
1995
1996
5.2
4.8
5.3
5.2
8.3
4.7
4.1
4.0
4.1
4.8
5.8
5.6
6.2
8.2
7.8
7.4
5.3
6.4
6.0
7.9
7.7
14.5
14.2
7.6
1.5
3.7
6.2
4.7
2.0
5.4
8.0
5.1
5.7
-4.0
-3.8
1.2
9.7
14.0
11.8
12.5
22.4
-3.9
19.2
15.9
5.4
4.3
4.7
4.3
11.5
11.6
10.3
8.6
3.5
1.8
2.8
2.8
6.3
2.7
5.3
5.7
8.2
3.0
6.5
5.7
1.3
-2.3
1.1
2.0
0.7
0.3
0.1
1.4
1.5
1.4
1.0
2.5
2.8
4.2
3.6
-2.8
6.6
9.7
10.3
7.0
0.9
21.3
8.9
0.8
3.9
6.2
4.9
5.5
7.2
10.3
5.8
9.0
2.8
4.7
4.6
4.2
3.5
6.2
7.4
7.2
2.7
6.3
6.l
5.6
5.2
4.7
8.3
12.0
0.3
1.7
(.8
2.1
0.5
2.5
2.4
2.5
8.3
9.6
3.9
0.6
5.4
6.1
13.9
12.1
18.1
20.7
32.9
11.4
4.9
4.2
4.6
5.0
4.7
3.9
4.7
5.0
4.9
4.4
4.6
4.9
7.7
7.5
7.9
8.6
6.6
5.5
5.9
7.1
11.3
14.6
14.6
14.5
3.4
3.5
3.6
4.1
5.2
5.1
5.1
5.6
-0.5
-4.2
-4.6
-6.9
15.0
11.6
11.5
15.1
-23.7
-7.7
3.9
12.4
5.8
6.5
4.2
4.3
5.4
6.6
2.5
1.8
6.0
6.5
4.8
5.2
7.4
7.8
8.3
6.8
5.6
6.2
6.6
5.0
14.l
14.2
14.9
10.9
7.1
7.2
4.3
5.5
9.4
9.5
5.1
7.1
-3.3
-I.I
-8.0
-3.2
7.4
11.2
12.2
14.6
18.3
11.9
22.5
19.3
6.2
5.0
4.8
4.4
6.2
1.7
4.4
3.4
6.2
6.1
4.9
4.8
9.0
7.5
6.9
5.5
9.4
7.3
7.0
7.0
10.9
7.7
7.6
3.5
4.3
5.2
5.1
3.7
4.6
5.9
6.5
3.1
0.7
3.5
-4.7
5.2
8.0
16.3
9.6
13.9
12.0
7.8
22.8
17.5
4.7
3.7
2.1
-2.6
5.6
5.9
6.4
5.5
6.5
5.4
7.l
4.2
5.3
6.0
5.9
6.2
3.2
7.7
5.9
13.0
5.3
9.8
1992 -- QI
Q2
Q3
Q4
1993 •• QI
Q2
Q3
Q4
1994 -- QI
Q2
Q3
Q4
1995 -- QI
Q2
Q3
Q4
1996 -- QI
Q2
Q3
Q4
1997 -· QI
Q2
1. Data abown uc oo. an cul-of-period ball.a ud may differ frmn. lDOIJlb.1verage atatiJtics in the Baud' t H.6 rclcuc.
.
Zl, September 15, 1997
9
D.2 Borrowing by Sector
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Domestic nonfinancial secton
Nonfederal
- - Business - -
Ho111ebolds
Fedeml
Total
•
.
government
Total
nonfederal
Total
9.5
Home
mDr18"ge
1958
1959
1960
1961
1962
31,.7
49.6
34.7
43.5
52.8
9.2
6.9
-2.0
7.2
6.9
27.5
42.7
31,.8
31J.3
45.9
20.4
16.0
14.7
19.6
8.5
11.5
9.7
10.6
11.9
1963
1964
1965
1966
1967
55.4
64.1
67.1
67.2
76.1
3.8
6.1
1.6
3.6
12.9
51.6
58.0
65.4
63.6
63.2
24.1
26.4
25.8
19.8
17.1
14.0
14.4
14.5
10.6
11.0
1968
1969
1970
1971
1972
92.5
88.7
91.2
135.2
156.1
12.5
-3.2
12.1
24.9
15.0
80.0
91.9
79.2
110.3
141.1
29.3
28.0
16.8
39.5
54.7
1973
1974
1975
1976
1977
183.9
174.5
193.3
244.8
321.1
6.9
11.9
85.6
69.2
56.3
176.9
162.6
107.6
175.6
264.8
1978
1979
1980
1981
1982
390.9
391.8
343.6
394.3
432.4
52.5
35.8
77.4
85.5
161.3
1983
1984
1985
1986
1987
571.3
776.5
954.0
858.2
731.7
1988
1989
1990
1991
1992
Consumer
credit
Total
Corpo,ate
State and
local
Domestic
financial
governments
sectors
Foreign
12.3
16.2
15.3
16.0
20.3
8.4
10.1
10.4
9.2
12.6
5.6
6.0
5.5
5.6
6.0
0.2
6.7
4.9
2.3
4.6
2.0
0.6
1.8
2.2
2.1
5.9
5.1
22.0
25.2
32.1
37.0
38.8
13.3
16.8
22.6
27.0
28.2
5.5
6.4
7.6
6.9
7.3
7.2
6.3
8.9
11.0
0.7
3.2
4.0
2.5
1.9
3.9
14.2
14.3
9.7
21.9
32.8
10.8
9.9
4.4
15.6
19.5
42.0
51.8
50.3
54.4
72.4
30.8
31J.2
35.2
29.8
40.1
8.8
12.1
12.1
16.4
14.0
10.4
27.6
16.2
11.1
23.9
2.7
3.2
2.8
5.1
4.4
66.1
47.3
52.9
83.2
129.2
37.2
29.0
35.7
57.7
87.3
22.5
8.9
7.8
22.0
35.4
96.7
101.9
43.6
73.9
115.7
76.5
59.9
20.4
44.1
74.8
14.1
13.4
11.1
18.5
19.9
47.0
48.5
3.1
23.5
53.6
6.3
13.8
14.1
338.4
356.0
266.2
308.8
271.1
156.8
160.1
101.9
98.6
80.2
102.5
106.8
83.8
59.1
43.7
46.0
42.7
2.3
17.7
17.2
142.2
169.3
142.1
182.6
149.2
82.7
87.9
72.0
125.9
71.5
39.4
26.6
22.2
27.6
41.7
74.7
91.1
73.0
104.3
93.0
24.0
15.0
24.2
23.5
16.0
185.2
197.2
225.7
216.0
143.9
386.1
579.3
728.3
642.2
587.8
174.6
215.0
283.9
249.6
297.1
104.1
123.3
159.6
187.9
255.3
50.0
80.7
73.9
55.0
33.2
164.2
311.7
280.9
319.2
199.6
89.5
203.2
174.5
242.6
156.3
47.3
52.5
163.6
73.4
91.1
104.5
157.7
205.0
327.8
291.6
17.3
8.4
1.2
9.7
6.3
773.6
716.3
662.7
470.6
539.9
155.1
146.4
246.9
278.2
304.0
618.5
569.9
415.8
192.4
235.9
259.4
257.8
247.4
176.0
191.1
194.7
200.5
215.8
163.3
158.8
58.8
15.1
-13.4
4.2
304.6
261.0
119.9
.{)7.0
23.6
230.9
191.1
118.4
-53.4
39.6
54.5
51.1
48.5
83.3
21.1
249.2
225.0
211.4
157.4
241.4
7.4
10.2
23.9
14.8
23.7
1993
1994
1995
1996
619.6
594.0
698.2
715.3
256.1
155.9
144.4
145.0
31J3.4
438.1
553.7
570.3
246.2
343.7
354.9
31J3.8
149.1
190.2
188.6
263.9
62.0
125.1
140.5
86.3
54.9
140.8
241.8
193.9
49.1
135.3
213.7
148.1
62.3
-46.4
-42.9
12.7
293.4
465.9
449.0
530.6
70.4
-15.2
71.2
70.1
1992 -· QI
Q2
Q3
Q4
615.8
4'11.3
548.9
503.5
319.0
332.6
303.7
260.6
296.8
158.7
245.2
242.9
238.5
101.5
203.4
221.2
216.8
81.4
178.5
158.3
10.5
-18.2
37.7
33.3
25.2
62.2
30.7
15.8
27.5
11.2
2.6
53.1
46.0
39.1
-31.3
184.0
275.5
297.7
208.4
2.8
62.1
27.4
2.4
1993 ·- QI
463.0
743.3
597.5
674.4
221.6
323.9
185.2
293.8
241.4
419.4
412.3
380.6
140.1
248.1
300.4
296.4
76.8
180.1
176.8
162.7
41.6
38.1
68.1
100.3
10.5
63.8
67.5
77.7
12.5
62.4
58.9
62.5
90.8
107.5
44.4
6.4
163.2
187.2
433.8
389.5
57.0
68.1
114.0
42.8
606.6
537.2
592.1
640.1
158.3
131.6
161.1
172.5
448.3
405.6
431.0
467.6
325.1
320.5
344.3
385.0
195.0
166.3
179.6
219.9
97.7
129.6
134.5
138.6
128.6
134.2
139.3
161.1
132.4
129.6
131.4
147.7
-5.4
-49.1
-52.7
-78.5
499.0
401.3
408.9
554.6
-91.6
-27.9
14.0
Q3
Q4
765.1
869.6
571.4
586.6
186.9
234.5
91.4
64.9
578.2
635.1
480.0
521.7
331J.4
360.3
393.1
329.7
176.0
198.0
214.0
166.4
139.1
145.2
157.7
120.1
278.7
286.6
175.6
226.3
250.4
260.0
143.6
200.8
-37.0
-11.7
-88.7
-34.2
280.4
432.0
485.0
598.4
67.6
46.1
89.6
81.3
1996 -· QI
Q2
Q3
Q4
855.1
694.0
680.8
631.2
227.3
62.7
163.2
126.9
627.8
631.3
517.6
504.4
443.0
376.5
348.8
286.8
315.1
251.4
243.2
246.1
123.5
89.0
89.9
42.6
177.2
216.8
219.7
161.8
132.9
172.1
192.9
94.4
7.7
38.0
-50.8
55.8
341.2
707.1
432.7
641.4
53.2
35.4
106.0
85.7
1997 •• QI
686.2
544.7
81.2
-97.1
605.0
641.7
335.5
291.1
233.0
195.9
85.9
52.4
234.5
266.4
179.3
190.9
35.0
84.2
281.9
629.4
27.2
50.7
Q2
Q3
Q4
1994 -- QI
Q2
Q3
Q4
1995 -· QI
Q2
Q2
0.3
7.7
4.0
2.2
5.9
8.5
9.5
JO.I
44.5
8.8
20.5
13.5
44.5
10
Zl, September 15, 1997
D.3 Debt Outstanding by Sector 1
Billions of dollars; quarterly figures are seasonally adjusted
Domestic nonfinancial sectom
Nonfederal
Households
Home
Consumer
Total
credit
mortgage
Total
Fedeml
government
Total
nonfederal
1958
1959
19flJ
1961
1962
639.5
689.4
724.1
767.6
820.4
231.1
238.0
236.0
243.1.
250.0
408.4
451.4
488.2
524.4
570.3
169.5
191.1
208.1
224.0
245.0
110.5
123.1
133.9
145.6
159.0
1963
1964
1965
1966
1967
875.8
939.6
1006.7
1074.2
1150.1
253.8
259.9
261.5
265.1
278.1
621.9
679.7
745.2
80!1.0
872.1
270.7
298.9
326.4
348.1
366.6
1968
1969
1970
1971
1972
1242.1.
1331.4
1421.5
1556.6
1712.6
290.6
287.4
299.5
324.4
339.4
951.6
1043.9
1122.0
1232.1.
1373.1.
1973
1974
1975
1976
1977
1896.9
2070.8
2263.0
2506.6
2827.8
346.3
358.1.
443.9
513.1
569.4
1978
1979
1980
1981
1982
3212.9
3604.8
3956.1
4348.9
621.9
657.7
735.0
820.5
4763.3
981.8
5337.5
6109.3
7081.4
7937.1
8652.3
1167.0
1364.2
1589.9
1805.9
1988
9422.4
1989
1990
1991
1992
- - Business - -
State and
Domestic
locaJ
financial
oectnn
Total
Corpomte
49.5
57.1.
61.2
63.4
69.3
178.3
193.6
207.8
222.7
241.6
133.6
142.7
152.1
160.1
171.3
60.7
66.7
72.1.
77.8
83.8
21.0
27.7
32.5
34.9
39.4
20.8
21.4
23.1.
25.5
27.5
174.6
190.8
207.0
219.5
231.9
77.9
87.4
97.5
103.4
108.6
262.0
2&5.1.
315.6
350.9
388.1
182.9
197.6
218.6
244.0
270.6
89.1.
95.6
103.1.
110.0
117.4
,16.6
53.0
61.9
72.9
73.6
30.8
35.0
37.5
39.5
43.3
397.1
426.4
444.8
486.5
543.8
247.0
262.3
273.6
296.5
331.9
119.3
129.1.
133.7
149.1.
168.8
428.4
479.1.
526.9
578.9
648.7
299.7
335.0
367.1
395.3
432.7
126.1
138.3
150.3
166.7
180.7
84.0
111.5
127.8
138.9
162.8
46.1
49.2
52.1
56.6
61.1
1550.6
1712.6
1819.1
1993.5
2258.4
613.5
662.9
714.6
801.6
933.9
370.7
401.7
439.1.
499.5
590.0
193.0
201.9
207/J
229.0
264.4
742.3
841.5
885.1
954.1
1068.4
496.5
553.8
574.1
613.1.
686.5
194.8
208.1.
219.4
237.8
256.2
209.8
258.3
261.4
284.9
338.8
67.4
81.1.
95.6
116.0
129.4
2591.0
2947.1.
3221.1
3528.4
3781.5
1093.3
1258.2
1374.6
1482.4
1550.1.
696.4
808.6
904.9
973.3
1004.7
310.4
353.1
355.4
373.1
390.3
1202.2
1366.8
1502.1
1674.0
1817.6
760.8
844.1
295.6
322.2
413.5
505.9
909.4
344.4
1024.6
1090.5
372.1
578.9
682.4
413.8
778.1
157.6
172.9
197.1.
220.7
210.4
1708.8
1921.0
2230.5
2484.6
2741.4
1092.8
1220.3
1409.9
1603.8
1822.7
440.3
521.0
594.9
<461.1
882.8
1400.1.
1566.6
1802.1
1983.7
513.6
677.9
751.4
683.1
2000.6
2310.4
2583.1
2895.3
3120.1.
1198.9
1949.8
4170.5
4745.1
5491.5
6131.3
6702.5
1052.4
1258.3
1593.6
1896.5
10155.7
10845.8
11309.5
11&52.5
2104.9
2251.2
2498.1
2776.4
3080.3
7317.5
7904.5
8347.7
&533.1
8772.1
3022.7
3296.1
3577.7
3757.7
3952.7
2032.9
2236.9
2486.8
2654.1
2816.7
741.9
795.0
810.1.
796.7
801.0
3399.4
3661.8
3774.9
3697.0
3719.9
2187.2
2380.0
2491.6
2432.0
2469.3
895.5
946.5
1993
1994
1995
1996
12486.9
13087.1
137&5.1.
14500.5
3336.5
3492.3
3636.7
3781.8
9150.4
9594.8
10148.5
10718.8
4204.3
4550.7
4910.8
5245.4
2971.0
3164.3
3358.1
3592.9
863.0
988.1
1128.6
1214.9
3784.3
3928.6
4165.1.
4388.1.
1992 -- QI
Q2
Q3
11466.6
11589.4
11726.6
11&52.5
2856.1
2939.3
3015.1.
3080.3
8610.4
8650.1
8711.4
8772.1
3818.1.
3844.4
3896.2
3952.7
2709.1
2730.4
2775.9
2816.7
799.4
794.8
797.0
801.0
11968.9
12154.8
12304.2
12486.9
3135.7
3216.7
3263.0
3336.5
8833.1.
8938.1
9041.1
9150.4
3988.4
4051.0
4126.9
4204.3
2836.5
2882.1
2927.1
2971.0
12644.8
12779.0
12927.1
13087.1
3376.0
3408.9
3449.2
3492.3
9268.7
9370.1
9477.9
9594.8
42&5.9
4366.9
4453.8
4550.7
13278.3
13495.7
13638.6
137&5.1.
3539.1
3597.7
3620.5
3636.7
9739.3
9898.1
10018.1
10148.5
Q4
13999.0
14172.5
14342.7
14500.5
3693.6
3709.2
3750.0
3781.8
1997 •• QI
Q2
14673.7
14809.9
3802.1
3777.8
1983
1984
19&5
1986
1987
Q4
1993 •• QI
Q2
Q3
Q4
1994 - QI
Q2
Q3
Q4
1995 •• QI
Q2
Q3
Q4
1996 •• QI
Q2
Q3
649.9
governments
840.9
Foreign
227.7
235.5
236.7
238.3
244.8
995.1
1078.4
1099.5
2145.8
2399.3
2613.8
2771.2
3028.1.
252.4
262.1.
2&5.9
300.7
315.1
2875.2
3052.4
1161.8
1115.4
1072.5
1085.1
3327.0
3800.7
4252.3
4782.9
3&5.7
370.6
441.7
511.8
3706.1.
3708.1
3707.9
3719.9
2442.1
2449.6
2455.0
2469.3
1086.1
1097.6
1107.4
1099.5
2832.8
2901.7
2976.1
3028.1.
292.2
307.7
314.6
315.1
811.4
820.9
837.9
863.0
3722.6
3738.0
3754.1
3784.3
2472.5
2487.5
2501.5
2527.9
1122.2
1149.1
1160.1.
1161.8
3074.4
3121.2
3229.6
3327.0
329.3
346.3
374.8
3&5.7
3020.5
3062.9
3108.6
3164.3
887.4
919.8
953.4
988.1
3822.3
3855.0
3889.0
3928.6
2566.9
2598.4
2630.5
2666.8
1160.5
1148.2
1135.0
1115.4
3459.5
3559.8
3662.0
3800.7
362.9
355.9
359.4
370.6
4636.1
4727.4
4827.0
4910.8
3209.6
3260.3
3315.1
3358.1
1022.8
1059.1.
1098.6
1128.6
3997.0
4067.4
4110.0
4165.1.
2728.0
2791.8
2826.4
2875.2
1106.2
1103.1.
1081.0
1072.5
3873.4
3981.4
4102.7
4252.3
387.5
399.0
421.4
441.7
10305.5
10463.3
10592.7
10718.8
5022.7
5084.2
5172.5
5245.4
3438.0
3<468.3
3530.1.
3592.9
1159.5
1181.8
1204.2
1214.9
4208.4
4295.1
4349.0
4388.1.
2907.3
2982.9
3030.1
3052.4
1074.4
1083.9
1071.1.
1085.1
4337.6
4514.3
4622.5
4782.9
455.0
'463.9
511.8
10871.7
11032.1
5330.8
5404.6
3652.6
3702.6
1236.4
1249.5
4447.0
4512.6
3097.5
3144.1
1093.9
1114.9
4&53.3
5010.7
518.6
531.3
I. O.la shown ue on an end-of-period bui1 and moy differ from mooth...venge 1wi1tico in the Board', H.6 ~i..oe.
2527.9
2666.8
•
490.4
.
11
Z I, September 15, 1997
F.1 Total Net Borrowing and Lending in Credit Markets (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
Tetalnetberre'lrina
2
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
805.0
'83.4
1044.7
1218.3
131'.0
1249.S
1436.S
1219.6
1358.4
99S.3
1224.7
539.9
619.6
594.0
698.2
715.3
855.1
694.0
680.8
631.2
686.2
544.7
304.0
256.1
155.9
144.4
145.0
227.3
62.7
163.2
126.9
81.2
-97.1
3
4
2
3
~govemment
4
Nonfederal sectolS
235.9
363.4
438.1
553.7
570.3
627.8
631.3
517.6
504.4
605.0
641.7
5
6
7
8
9
Household sec1Dr
191.1
39.6
-16.4
0.5
21.1
2<46.2
4!1.1
3.2
2.6
62.3
343.7
135.3
2.2
3.3
-<46.4
354.9
213.7
26.6
1.5
-42.9
363.8
148.1
43.4
2.4
12.7
443.0
132.9
44.2
0.1
7.7
376.5
172.1
38.5
6.2
38.0
348.8
192.9
29.2
-2.5
-50.8
286.8
94.4
61.5
6.0
55.8
335.5
179.3
54.4
0.8
35.0
291.1
190.9
72.0
3.6
84.2
5
6
7
8
9
Nonf'lll8ncial a,rporate business
Nonfarm noncorporate businoss
Fann business
S1Bte and local govemments
10
Rest of tbe world
23.7
70.4
-15.2
71.2
70.1
53.2
35.4
106.0
85.7
27.2
50.7
10
11
F'inancia1 sectors
241.4
293.4
<465.9
44!1.0
530.6
341.2
707.1
432.7
641.4
281.9
629.4
11
10.0
11.5
-3.8
2.3
13.4
9.7
-5.1
8.8
20.1
12.5
-2.6
10.3
22.5
11.2
-3.1
14.4
11.7
10.4
-0.7
2.0
-34.2
-7.2
-0.4
-26.6
40.5
17.5
-5.3
28.3
14.7
11.9
0.0
2.9
25.7
19.3
2.9
3.5
16.1
8.6
0.8
6.6
83.0
40.4
2.3
40.2
12
13
14
15
-7.0
0.0
11.3
0.2
12.8
0.2
2.6
-0.1
26.0
0.1
11.0
-0.1
42.1
-0.2
26.4
0.3
24.7
0.3
-14.6
-0.2
33.9
0.2
16
17
o.o
40.2
115.6
57.3
0.2
80.6
84.7
82.8
0.3
172.1
115.4
68.8
-0.1
105.9
98.2
132.9
1.1
90.4
141.1
132.4
2.5
31.4
117.4
138.9
0.3
126.9
174.5
162.8
-0.4
80.0
142.9
88.2
2.0
123.3
129.6
139.6
0.8
-8.9
114.6
58.1
0.1
198.1
88.1
86.3
18
19
20
21
-2.3
8.0
0.3
2.7
16.6
-0.8
0.0
3.4
12.0
5.7
4!1.1
-11.5
13.7
0.5
24.2
50.8
0.4
6.0
-5.0
34.9
43.2
12.4
12.8
-2.0
61.5
41.5
20.0
8.2
-31.8
36.3
56.8
16.0
11.5
13.2
62.9
30.7
1.7
13.7
5.7
28.8
43.8
12.1
17.7
4.9
118.0
6.4
5.9
19.1
-2.9
87.5
124.3
10.0
18.6
42.4
-55.6
22
23
24
25
26
805.0
'83.4
1044.7
1218.3
131U
1249.S
1436.S
1219.6
1358.4
"5.3
1224.7
27
117.2
80.0
257.1
-86.5
-8.9
-40.9
305.7
-183.8
-116.7
-300.7
-90.2
28
87.8
27.8
-0.1
1.7
39.3
9.1
32.6
293.9
17.7
0.6
-55.0
-2.1
-2.4
0.3
-82.4
31.7
15.3
0.4
-56.2
-76.5
29.2
0.4
6.0
277.9
31.7
0.4
-4.4
-43.3
9.5
0.4
-150.4
-31.5
-9.4
0.4
-76.2
-241.2
42.3
0.5
-102.2
~3.8
-14.4
0.5
-12.5
29
30
31
32
33
34
12
13
14
15
16
17
Commercial banking
U.S.-dmtered a,mmerciaJ banks
Foreign banking offices in U.S.
Bank holding companies
Savings institutions
Credit unions
18
19
20
21
Life inaumace companies
Govemment-sponsored enterpriaes
Federally related mongage poola
22
23
24
25
26
FiDanoe companies
27
28
29
30
31
32
,.
Domestic nonfinancial sectom
1993
ABS illuem
Mongage a,mpanies
REirs
Broken and dealm
Punding a,rporations
Tetalnet ......
Domestic nonfederal nonf'lll8ncial aec1Dm
Household aec1Dr
Nonf'lll8ncial corporate business
Nonfarm noncorporale businoss
S1Bte and local govemments
~govemment
-I.I
33
34
Rest of tbe wod<I
-10.4
98.4
-17.2
129.3
-22.6
132.3
-20.4
273.9
-20.9
409.1
-19.9
350.0
-14.3
268.9
-25.0
485.4
-24.3
532.2
-18.7
366.3
-12.9
306.3
35
Financial
599.8
791.3
677.9
1051.3
936.7
960.3
876.2
943.0
967.1
948.4
1021.6
35
36
Mone1ary authority
27.9
36.2
31.5
12.7
12.3
17.5
11.7
11.5
8.4
37.4
47.2
36
37
38
39
40
41
Commercial banking
U.S.-<:bonered a,mmm,ial banks
Foreign banking offices in U.S.
Bank holding a,mpanies
Banks in U .S.-affilialed areas
95.3
69.5
16.5
5.6
3.7
142.2
14!1.6
-9.8
-0.0
2.4
163.4
148.1
11.2
0.9
3.3
265.9
186.5
75.4
-0.3
4.2
187.8
119.6
63.3
3.9
1.0
126.0
78.3
50.8
-5.1
2.1
179.7
121.9
50.7
5.4
1.7
196.1
119.5
71.1
4.8
0.7
24!1.4
158.9
80.5
10.5
-0.6
319.6
212.3
97.3
2.2
7.8
330.1
321.9
I.I
5.1
2.0
37
39
40
41
42
43
44
Savings institutions
Credit unions
-79.0
17.7
8.0
-23.3
21.7
9.5
6.7
28.1
7.1
-7.6
16.2
-18.8
19.9
25.5
3.9
34.1
23.6
-3.5
44.7
33.0
4.2
4!1.7
21.1
7.8
-48.8
24.3
7.2
-3.0
14.0
8.2
21.1
18.9
8.9
42
43
44
79.5
6.7
37.5
5.9
100.9
27.7
4!1.5
21.1
66.7
24.9
47.7
30.7
99.2
21.5
63.1
22.7
72.5
21.5
<46.6
34.5
47.6
13.6
69.5
54.9
0.9
30.5
45.4
47.9
123.2
14.2
41.9
19.0
118.1
27.7
29.5
16.1
94.3
3.9
57.5
38.7
84.4
11.4
57.8
21.1
45
<46
47
48
4.7
126.2
18.2
68.8
115.6
53.1
20.4
159.5
14.4
87.8
84.7
80.2
30.0
-7.1
-3.3
117.8
115.4
61.7
86.5
52.5
13.3
84.7
98.2
111.1
88.8
48.9
9.3
92.0
141.1
102.1
164.1
88.5
10.9
33.9
117.4
119.7
27.0
54.3
9.8
114.7
174.5
135.7
83.0
27.5
9.0
81.2
142.9
62.0
81.3
25.3
7.5
138.1
129.6
91.1
65.2
61.9
6.7
45.1
114.6
34.5
19.7
108.1
5.3
119.0
88.1
71.3
50
51
52
53
54
0.4
0.1
1.1
-1.3
13.3
-20.9
-0.0
0.6
14.8
-35.6
48.3
-24.0
4.7
-44.2
-28.4
4!1.9
-3.4
2.2
90.1
-8.6
18.4
8.2
3.0
-17.1
17.5
30.4
51.8
3.4
-109.0
65.9
36.3
-26.8
3.4
-72.0
21.1
13.1
3.4
3.4
35.5
-2.4
~.3
4.1
2.0
77.0
-14.5
41.4
-8.2
2.0
-12.8
27.2
1.8
-0.0
3.4
23.0
-19.1
55
56
57
58
59
45
<46
47
48
4!)
50
51
52
53
54
55
56
57
58
59
&ee1DIS
Bank penonal IJUlts and es1Bte1
Life iD.1U1Bace companies
Other inllllllace companies
Private pension funds
S1Bte and local govt. retirement funds
Money marbt mU!ual funds
MU!ual funds
Cloaed-end funds
Govemment-sponsored enterpriaes
Federally n,lated mongage poola
ABS illuem
Finance a,mpanies
Mongage companies
REirs
Broken and dealm
Punding a,rporations
(I) Excludes a,rporate equities and mutual fund lbares.
38
4!)
12
Zl, September 15, 1997
F.2 Credit Market Borrowing by Nonfinancial Sectors
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
Dematic
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
539.9
619.6
SM.O
698.2
715.J
1155.1
694.0
'80.8
631.2
686.2
544.7
2
3
4
Fedenll govemmont
TmllUI)' securities
Budget agency securities and mor1g&ges
304.0
303.8
0.2
256.1
248.3
7.8
155.9
155.7
0.2
144.4
142.9
1.5
145.0
146.6
-1.6
227.3
229.6
-2.3
62.7
60.5
2.2
163.2
166.3
.3.1
126.9
130.2
-3.3
81.2
82.6
-1.4
-97.1
-97.3
0.2
2
3
4
5
6
7
Nonfederal, by instnlment
Commercial paper
Municipal securities and loans
Corpomle bonds
Bank loam n.e.c.
Other loam and advances
235.9
8.6
30.5
67.6
-12.3
5.7
363.4
10.0
74.8
75.2
5.1
-18.9
438.1
21.4
-35.9
23.3
75.0
37.3
553.7
18.1
-48.2
73.3
100.4
46.5
570.3
-0.9
1.3
72.5
69.9
22.0
627.8
25.7
-4.1
60.9
41.5
20.4
631.3
9.1
30.2
71.5
69.7
38.0
517.6
-14.2
-65.2
67.8
132.2
504.4
-24.4
45.6
89.9
36.3
-15.8
605.0
7.8
23.2
79.4
142.0
1.2
641.7
21.4
76.5
86.1
125.2
-7.1
5
6
7
8
9
10
131.5
189.1
-10.7
-47.4
0.5
4.2
155.3
184.1
-6.0
-23.9
1.0
62.0
191.9
199.0
1.7
-11.0
2.2
125.1
223.1
192.4
10.4
18.8
1.6
140.5
319.2
267.8
17.9
30.9
2.6
86.3
359.9
316.l
14.7
27.5
1.6
123.5
323.7
255.4
18.3
45.1
4.9
89.0
261.6
248.3
11.8
-0.6
2.2
89.9
331.6
251.6
26.9
51.5
1.6
42.6
265.4
240.3
5.1
18.0
2.0
85.9
287.2
203.9
20.9
57.7
4.7
52.4
II
12
13
14
15
16
235.9
191.1
23.6
39.6
-16.4
0.5
21.1
363.4
246.2
54.9
49.1
3.2
2.6
62.3
438.1
343.7
140.8
135.3
2.2
3.3
-46.4
553.7
354.9
241.8
213.7
26.6
1.5
-42.9
570.3
363.8
193.9
148.1
43.4
2.4
12.7
627.8
443.0
177.2
132.9
44.2
0.1
7.7
631.3
376.5
216.8
172.1
38.5
6.2
38.0
517.6
348.8
219.7
192.9
29.2
-2.5
-50.8
504.4
286.8
161.8
94.4
61.5
6.0
55.8
605.0
335.5
234.5
179.3
54.4
0.8
35.0
641.7
291.1
266.4
190.9
72.0
3.6
84.2
17
18
19
20
21
22
23
8
9
10
II
12
13
14
15
16
17
18
19
20
21
22
23
Mortgage•
Home
Multifamily n,lidenlial
Commen:ial
Fann
CollllllllOrcredit
Nonfederal, by sectDr
Ho-bold oector
NonfUIBDl>ial buainelB
Corpomle
Nonfarm nonoorporale
Fann
Slale and local govemments
44.2
24
,...,.11wn,...1nu.s.
23.7
70.4
-15.2
71.2
70.1
53.2
35.4
106,0
85.7
7:7.2
!A>.7
24
25
26
27
28
Commercial paper
Bonda
Blllk loam n.e.c.
Other loam and advances
5.2
16.8
2.3
-0.6
-9.0
82.9
0.7
-4.2
-27.3
12.2
1.4
-1.5
13.6
49.7
8.5
-0.5
10.9
49.4
9.1
0.8
-5.4
47.7
8.7
2.3
8.9
11.2
15.1
0.1
37.8
60.2
4.7
3.4
2.2
78.5
7.8
-2.7
16.2
11.0
-0.6
0.7
10.0
29.7
11.0
0.1
25
26
27
28
563.6
6'0.0
578.7
76'.J
785.4
908.J
72'.4
786.8
71U
713.4
9'5.4
2'
2'
Den-* ... . _....
F.3 Credit Market Borrowing by Financial Sectors
Billions of dollars; quarterly figures are seasonally adjusted annual rates
241.4
2'3.4
465.9
...,.0
530.6
341.2
707.1
432.7
641.4
281.9
62'.4
155.8
40.3
115.6
-0.0
165.3
80.6
84.7
0.0
287.5
176.9
115.4
-4.8
204.1
105.9
98.2
0.0
231.5
90.4
141.l
0.0
148.8
31.4
117.4
0.0
301.4
126.9
174.5
0.0
222.9
80.0
142.9
0.0
252.8
123.3
129.6
o.o
105.7
-8.9
114.6
0.0
286.2
198.1
88.1
0.0
2
3
4
5
85.6
-0.7
85.6
0.7
-0.6
0.6
128.2
-6.2
122.8
-14.4
22.4
3.6
178.4
41.6
118.1
-13.7
22.6
9.8
244.9
42.6
188.8
4.2
3.4
5.9
299.2
92.7
151.1
16.8
27.2
11.4
192.4
16.1
150.6
23.4
-5.5
7.7
405.7
106.1
219.6
20.6
48.6
10.8
209.9
84.2
76.3
2.6
33.9
12.9
388.6
164.3
157.8
20.4
31.8
14.3
176.2
175.4
-6.1
7.0
·16.1
16.0
343.2
78.1
173.9
10.4
66.8
14.0
6
7
8
9
10
11
241.4
2'3.4
465.9
...,.0
530.6
341.2
707.1
432.7
641.4
281.9
62'.4
12
16
Commercial banking
U.S.-cbonoftd collllllelCili benb
Foreign banking offices in U.S.
8111k holding companies
10.0
11.5
-3.8
2.3
13.4
9.7
-5.1
8.8
20.1
12.5
•2.6
10.3
22.5
11.2
-3.1
14.4
11.7
10.4
-0.7
2.0
.34.2
.7.2
-0.4
-26.6
40.5
17.5
-5.3
28.3
14.7
11.9
0.0
2.9
25.7
19.3
2.9
3.5
16.1
8.6
0.8
6.6
83.0
40.4
2.3
40.2
13
14
15
16
17
18
Savings ins1itlltiom
Credit uniom
-7.0
0.0
11.3
0.2
12.8
0.2
2.6
-0.1
26.0
0.1
11.0
-0.1
42.1
-0.2
26.4
0.3
24.7
0.3
•14.6
-0.2
33.9
0.2
17
18
19
20
21
22
Ufe i11111111nce companies
Govemment-spomored elllerprilea
Federally relaled mortgage pools
ABS i1Bue11
0.0
40.2
115.6
57.3
0.2
80.6
84.7
82.8
0.3
172.1
115.4
68.8
-0.1
105.9
98.2
132.9
I.I
90.4
141.1
132.4
2.5
31.4
117.4
138.9
0.3
126.9
174.5
162.8
-0.4
80.0
142.9
88.2
2.0
123.3
129.6
139.6
0.8
-8.9
114.6
58.1
0.1
198.1
88.1
86.3
19
20
21
22
23
24
25
26
27
Finance companies
Mortgage companies
REIT1
Broken and dealen
Punding corpora1iom
•2.3
8.0
0.3
2.7
16.6
-0.8
0.0
3.4
12.0
5.7
49.1
-11.5
13.7
0.5
24.2
50.8
0.4
6.0
-5.0
34.9
43.2
12.4
12.8
-2.0
61.5
41.5
20.0
8.2
-31.8
36.3
56.8
16.0
11.5
13.2
62.9
30.7
1.7
13.7
5.7
28.8
43.8
12.1
17.7
4.9
118.0
6.4
5.9
19.1
-2.9
87.5
124.3
10.0
18.6
42.4
-55.6
23
24
25
26
27
1
Byl-
2
3
4
5
Federal J!OYemmeDt-n,laled
6
7
8
9
10
Private financial oecto11
Open market paper
Corpomle bonds
Blllk loam n.e.c.
Other loam and advances
Mortgages
II
12
13
14
15
Govt.-spomored enlerpliJe oecuri1ie1
Mortgage pool oecuriliea
U.S. govemrnent loam
.,._
.
•
13
Z.l, September 15, 1997
F.4 Credit Market Borrowing, All Sectors, by Instrument
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
Telal
2
3
4
5
.
Open mamt paper
U.S. sovemment securities
Municipal securities
Corpomte and f<>Rign bonds
6
Bank Joans n.e.c.
7
8
9
Other Joans and advances
Mortgages
Consumorcredit
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
805.0
'83.4
16'4.7
1218.3
1316.o
12'9.S
1436.S
1219.6
1358.4
'95.3
1224.7
13.1
459.8
30.5
169.9
-5.1
421.4
74.8
280.8
35.7
448.1
-35.9
153.6
74.3
348.5
-48.2
311.8
102.6
376.5
1.3
273.0
36.4
376.1
-4.1
259.3
124.2
364.1
30.2
302.4
107.7
386.1
-65.2
204.2
142.1
379.7
44.2
326.2
199.4
186.9
23.2
84.3
109.4
189.1
76.5
289.7
2
3
4
5
-9.3
4.6
132.1
4.2
-8.6
-0.8
158.9
62.0
62.8
53.6
201.7
125.1
113.0
49.3
229.0
l«J.5
95.7
50.0
330.6
86.3
73.5
17.2
367.6
123.5
105.4
86.7
334.5
89.0
139.5
82.9
274.5
89.9
64.5
13.2
346.0
42.6
148.3
-14.2
281.4
85.9
146.6
59.8
301.2
52.4
6
2'3-'
422.l
124.8
145.l
241.3
31'-l
386.6
78.4
181.2
1'4.4
205.7
10
103.4
27.0
130.1
21.3
24.1
-44.9
-2.3
-58.3
3.8
-64.2
21.5
-73.6
82.t
0.4
-93.5
-127.6
4.9
-56.0
-59.0
-86.2
-36.t
-83.6
II
12
32.4
44.0
190.5
63.4
45.4
292.0
48.t
20.9
100.6
50.4
5.6
147.4
58.8
9.2
237.6
90.1
5.1
297.6
70.1
11.6
304.5
32.7
1.5
171.9
42.3
18.6
176.3
47.0
-19.8
253.4
55.6
-8.1
241.8
13
14
15
7
8
9
Memo:
FIINls raised diroaglt corportllie eq,dlus and """""1/rmd s/tares
10
It
12
13
14
15
Telalnetlaues
Corpomte equities
Nonfinancial
Foreign lilall!I purcillsed by
U.S. ll!lidenta
Financial
Mutual fund lilall!I
F .5 Total Liabilities and Their Reladon to Total Financial Assets
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Net .... lllnupcndlt ......
(1nm lable F .4, lino l)
'83.4
16'4.7
1218.3
1316.o
12'9.S
1436.S
121'-6
1358.4
'95.3
1224.7
-1.6
-2.0
0.2
-3.4
0.8
0.0
0.4
-18.5
-5.8
0.0
0.7
52.9
8.8
2.2
0.6
35.3
-6.3
-0.5
-0.0
82.0
-0.9
0.0
0.0
100.8
1.6
0.0
-0.0
3.0
-26.6
-1.8
2.3
119.7
0.7
0.0
-2.3
104.5
-17.6
-2.1
0.4
188.6
0.4
0.0
0.2
79.0
2
3
4
5
9.9
-12.8
96.5
-78.6
6.8
207.7
57.4
227.6
-51.8
3.9
-3.2
83.1
23.1
-102.5
105.9
92.7
181.8
145.1
22.3
53.4
91.2
133.2
187.5
-85.2
81.3
6
165.0
48.1
182.4
-33.9
54.0
30.2
177.4
58.5
7
8
9
10
98.5
82.t
120.4
-15.9
.93.5
171.9
-4.3
77.0
4.9
176.3
107.6
51.8
-59.0
253.4
90.3
217.3
-36.1
241.8
66.3
II
12
13
14
2
3
4
5
Off'icial foll!ign exchanse
SOR certificatH
Treasury cunency
Foreign depoaill
6
Net inlemank tmns.:tions
Checkable depoaill and cunency
Small limo and savinsa depoaill
la'l!e limo deposits
Mcney nmket fund l!lall!I
411.4
113.5
-57.2
-73.2
4.5
50.5
117.3
-70.3
-23.5
20.2
89.8
-9.7
.«J.O
19.6
43.3
142.3
-52.6
15.8
97.1
113.9
145.8
II
12
13
14
Security RPs
Corpomte equities
43.1
103.4
190.5
46.6
71.2
130.t
292.0
52.0
78.3
24.1
100.6
93.7
110.7
-2.3
147.4
105.2
38.7
3.8
237.6
75.4
.4.7
21.5
297.6
77.7
15
16
17
18
Security credit
Life ins111Bnce teservea
Taxes payable
4.6
28.0
230.3
9.7
61.4
36.0
254.7
5.2
-0.1
34.5
253.2
1.5
26.7
44.9
241.2
1.6
52.4
43.6
235.7
3.2
114.0
19.0
236.1
4.5
-34.8
32.5
196.2
4.7
5.3
56.6
231.9
-0.t
125.1
66.3
278.5
3.5
117.6
44.0
287.0
-9.3
114.4
66.4
278.9
-11.4
15
16
17
18
19
20
21
Investment in bank peraonal truata
Noncorporate pmprielDn' equity
Miacellaneous
-7.1
37.7
246.2
0.9
14.2
336.6
17.8
43.7
243.1
-49.7
28.0
466.0
12.5
5.7
454.8
-0.6
2.2
506.5
11.8
6.4
431.0
19.2
27.5
348.0
19.8
-15.6
533.7
23.5
·12.3
604.8
26.3
-6.7
631.t
19
20
21
1768.0
2314.S
20Mi.O
2686.4
2874.4
304U
274U
2482.11
3219.l
2'48.0
317'.0
22
-0.2
-2.7
.4.9
-0.2
-5.7
4.2
-0.2
43.0
-2.7
-0.5
25.7
-3.t
·1.0
58.1
-3.3
-I.I
73.2
9.3
·l.O
26.6
-22.5
t.3
91.3
.4.4
-3.1
41.3
4.2
-0.3
179.0
26.5
-0.6
54.5
-24.9
23
24
25
4.7
11.9
-68.8
46.1
9.6
-201.8
57.3
15.6
-178.8
55.t
14.8
-98.2
24.2
5.5
-99.2
27.7
-14.6
-149.4
124.8
20.4
-134.8
·133.3
7.7
-156.2
77.6
8.5
43.6
-102.1
-27.5
-112.4
166.7
15.1
-378.1
26
27
28
0.7
1.6
11.8
-1.5
-t.3
-4.t
-4.8
-2.8
0.7
-6.0
-3.8
.30.5
0.5
-4.0
-32.0
2.7
-2.8
6.5
-6.6
-5.0
-9.8
27.1
-4.7
·101.5
-21.4
-3.7
-23.4
-9.4
-2.6
28.4
16.1
-4.8
-57.4
29
30
31
1814.l
2469.l
2158.7
2732.9
2'25.8
3092.6
2757.3
2755.7
3095.S
2'68.S
3392.3
32
7
8
9
10
•
805.0
Mutual fund lilall!S
Tmde payables
Pension fund "'let'VH
...-en
22
T - llnanclal
23
24
25
• LiDbi/ities not identified as assets:
Treasury cum,ncy
Fomgn deposits
Net int1emank liabilities
26
27
28
29
30
31
Security RPs
Taxes payable
Miacellaneous
• Floals not incb«kd in assets:
Checkable clepoai!J: Fedeml sovt
__.
Other
Tmdecredit
65.6
304.5
0
T. . . ldemillod l e - .
32
14
Z I, September 15, 1997
F.6 Distribution of Gross Domestic Product (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
G. . . Domo9llc: Preduct (GDP)
2
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Pe.,..,.. .......,neq,enlltuns
(2)
Durable goods (3)
NondlllBble goods and services
Giva priTilte domnlk imeltment
Fixed investment
Nonresidential plant and equipment
Household sector (nonprofit organimtions)
NonflDlncial corporstie business
Nonfann noncorporstie business
Farm business
Fimncial corpomtions
Residential consttUction
Household sector
NonflDlncial corporstle business
Nonfann noncorpon,tie business
R.Errs
Change in business inventories
NonflDlncial corpomtie business
Nonfann noncorporstle business
Farm business
1993
1994
1995
1996
1996
Ql
Q2
Q3
Q4
--1997-Ql
Q2
6244.S
'5!11.1
"47.0
7265.4
7'36.1
74'7.S
7WT.7
7676.2
7792.9
7933.S
8035.3
4219.8
4459.3
4717.0
4'~.7
51117.6
5105.8
5189.1
5227.4
SJQ8.1
5405.7
5433.2
2
488.S
3731.3
530.2
3929.0
579.6
4137.4
608.S
634.5
4573.J
626.7
4479.1
638.6
4349.2
4550.S
634.5
4592.9
638.2
4669.9
658.4
4747.3
644.S
4788.7
4
790.S
876.2
UI07.9
1038.2
1116.6
1060.S
1105.4
1149.2
usu
1193.6
1242.8
5
783.4
855.7
946.6
1008.1
1()1}().7
1049.S
1082.0
1112.1
1119.2
1127.S
1161.6
6
557.9
32.S
378.7
71.0
11.3
64.5
604.1
36.4
418.S
58.2
14.5
76.4
660.6
32.4
461.8
59.0
15.9
91.5
723.0
37.6
522.4
55.9
781.S
41.8
565.6
52.7
17.9
103.4
750.7
40.1
543.4
55.6
17.4
94-2
769.3
41.1
556.9
51.7
17.S
102.1
798.6
42.6
578.J
807.2
43.S
584-0
53.3
18.2
108.2
811.3
43.7
587.0
50.7
18.0
111.9
837.6
44.6
7
8
9
225.6
193.8
1.7
27.4
2.6
251.6
218.4
1.7
26.3
5.2
286.0
249.1
1.9
27.8
7.3
285.1
244-0
2.3
35.9
2.9
3()1}.3
267.0
2.3
298.8
312.7
270.1
2.3
35.2
5.2
313.S
269.8
2.3
35.3
6.2
312.0
259.3
2.2
33.6
3.7
7.0
1.9
0.1
5.0
20.S
25.4
1.3
-6.2
61.2
48.0
2.S
10.8
30.1
36.1
1.9
8.0
25.9
21.9
1.2
2.9
11.0
14-1
0.7
-3.8
23.4
16.3
0.9
6.2
37.1
29.7
1.6
16.S
90.S
0
34-8
5.2
606.S
50.6
10
19.4
116.S
11
12
2.3
35.1
5.8
316.2
271.7
2.3
35.6
6.6
324-0
278.3
2.3
13
14
15
16
17
5.8
31.9
27.3
1.4
3.2
66.1
59.1
3.1
3.9
81.2
71.3
3.8
6.1
50.l
18.S
1()1}.3
268.8
36.4
6.9
18
19
20
21
22
Net U.S. nperta efpecll ..i IOmcetl
-29.6
.fAJ.7
.,0,8
-86.0
-'4.8
-13.0
.93.7
-113-'
-88.6
-98.8
-89.2
22
23
24
F.xporlll
-lmporlll
.,..._
639.4
669.0
658.6
719.3
721.2
812.1
818.4
904.5
870.9
965.7
850.2
933.2
865.0
958.7
863.7
977.6
904-6
993.2
922.2
1021.0
958.7
1047.9
23
24
1263.8
1283.4
1313.0
1355.6
1406.7
1384.2
1406.9
1413.S
1422.3
1433.0
14411.S
25
1054-7
451.1
603.7
1078.9
447.3
631.6
1107.1
443.2
663.9
1142.1
443.S
698.6
1182.S
451.S
731.0
1162.2
444-6
717.6
1180.7
453.7
727.0
1189.9
454-0
735.9
1197.0
453.6
743.4
12()1}.7
458.0
751.7
1221.4
464-2
757.2
26
27
28
2()1}.l
76.9
132.2
204.5
71.1
133.4
205.9
67.0
138.9
213.S
66.1
147.4
224-3
68.S
155.8
222.0
71.7
150.3
226.2
70.9
155.3
223.6
67.6
156.0
225.3
63.9
161.4
223.3
58.1
165.2
227.1
62.0
165.1
29
30
31
11.1
137.9
126.8
18.7
150.8
132.1
8.2
176.S
168.3
5.2
222.8
217.6
1.7
234-3
232.6
7.8
226.0
218.2
2.8
227.1
224.3
-6.9
235.4
242.3
3.2
248.8
245.6
·14-3
248.2
262.S
-22.8
257.1
279.9
32
33
34
6255.6
ffl6.8
6'55.2
7270.7
7'37.8
7475.3
7610.S
7669.3
7796.1
7919.2
8012.5
35
G e - . . . . . _ i l e n expendiua'H-
25
26
27
28
Consumption expenditures (4)
29
30
31
Gross inves1ment ( 4)
Federsl
Sla11e and local
Federal
S1a11e and local
Memo:
32
33
34
I"ct U.S. facmr income from rest of the world
U.S. receipts
• U.S. paymonll
35
G. . . N . . _ Preduct (GNP)•
GDP+ net U.S • . . . _ . _
(I) Tiu lable conuponda to NIPA table I.I intbe SUJVOy ofCtrrent Bmineu, Deportmem of CollllD<ICO.
(2) Compooeu of penonol odlay1, fomd on table F.100, line 4(3) Colllidered inveamem mtber thancunem expenditure in tbe flow of fmds aooouots: added bock to NIPA-bued penonol ,avu,g in the calculation of gross ,aving.
(4) Oovemmoat invemo,y inveamem is included in ~ o n expenditures.
...
•
15
Z.l, September 15, 1997
F.7 Distribution of National Income (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1
2
3
4
5
•
'
7
8
'
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
N-.m11.....,.
c.mpe.-i.n of anple:,ees
Wages and other labor income
F.mployer social insunmce oonnibutiom
Wage accnials less disbursements
Proprielon' - - - with lme-y
...au.den .... a,pllal ............ .....,_...
Nonfarm
Fam,
Reiul......,. .r.,......(wltha,pllal
............... a , Q - )
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-Q2
QI
4990.4
57Mi.7
5590.6
912.3
,254.s
,108.7
6229.4
6303.2
6376.S
6509.9
6!JIJ7 .6
1
3'44.9
3814.8
4011.,
4215.4
4426.9
4322.1
4403.8
4460.9
4662.9
3474.7
335.7
4.4
3645.5
353.0
13.3
3836.4
366.0
13.1
4040.1
385.7
1.1
3944.2
376.8
1.1
4019.0
383.7
1.1
4071.2
388.6
1.1
4520.7
4126.0
393.6
I.I
4606.3
3337.6
323.0
-15.8
4203.8
401.3
1.2
4256.2
405.5
1.2
2
3
4
5
423.8
450.8
471.6
543.6
465.5
23.4
520.0
483.5
36.5
534.6
434.7
36.9
509.3
477.4
31.9
528.3
418.4
32.4
520.4
483.1
37.2
523.8
386.7
37.1
483.7
40.1
487.9
40.4
494.4
40.2
499.7
43.9
7U
105.7
124.4
132.t
146.3
143.4
144.6
148.0
149.2
14,.0
148.1
'
428.0
492.8
570.S
'50.0
735.9
717.7
738.S
7~.6
747.7
779.S
794.6
10
398.9
456.9
519.1
598.4
674.1
659.8
676.9
676.4
683.3
711.8
725.0
11
406.4
256.7
1.1
64.9
83.7
465.4
3l17.9
0.7
73.8
83.0
535.2
391.4
1.0
73.4
69.4
622.6
437.0
1.4
97.5
676.6
475.6
1.6
95.9
103.5
664.9
461.8
1.6
91.1
110.4
682.3
475.9
1.6
93.3
111.5
679.t
481.7
1.7
91.8
103.9
680.0
482.8
1.7
107.5
88.0
708.3
492.8
1.8
97.3
116.4
717.4
499.9
2.2
98.7
116.6
12
13
14
15
16
143.0
90.6
0.4
52.0
165.2
104.5
0.5
60.2
186.7
128.3
0.5
57.8
213.2
138.9
0.5
73.8
229.0
154.2
0.6
74.2
226.2
148.7
0.5
77.0
232.2
153.5
0.6
78.1
231.6
156.2
0.6
74.8
226.0
158.5
0.5
67.0
241.2
158.8
0.6
81.8
244.4
161.6
0.5
82.3
17
18
19
20
263.4
169.5
132.4
1.2
23.5
12.5
300.2
195.8
147.0
0.8
20.8
27.2
348.5
216.3
157.6
1.0
31.9
25.8
409.4
264.4
187.1
1.2
27.5
48.6
447.6
304.8
195.1
1.3
34.0
74.4
438.7
300.7
199.0
1.3
30.3
70.1
450.1
303.7
193.0
1.3
37.9
71.5
447.5
190.5
1.3
40.1
73.8
454.0
309.1
198.0
1.4
27.5
82.2
467.1
326.8
205.6
1.4
34.1
85.7
473.0
333.0
207.9
1.5
37.6
86.0
21
22
23
24
25
26
93.9
33.7
-0.5
41.5
19.3
104.5
56.4
-0.6
53.0
-4.4
132.3
105.4
-0.5
41.6
-14.2
145.1
111.0
-0.4
59.3
-24.9
142.8
126.2
-0.2
62.0
-45.2
138.0
114.2
-0.3
60.8
-36.7
146.4
129.4
-0.3
55.4
-38.1
141.8
135.0
-0.2
51.7
-44.7
144.9
126.3
-0.2
80.0
-61.2
140.3
128.4
-0.2
63.2
-51.1
140.0
130.4
0.2
61.1
-51.7
27
28
29
30
31
..,
CorporMe pnlla with lffff.....,.
"fllluallon_.a,pllal ............... ~
Corpo1111ie pmfita with inventory
vahation adjustment
Profits befoa, tax
Domestic nonfinoncial
Fam,
Fomgn subsidiaries
Financial
1.e..,
Profits tax liability
Domestic nonfinancial
Fam,
Financial
Eqr,als:
Profits after tax
Dividend&
Domestic nonfinancial
Fam,
l'omgn aublidiarie1
Financial IWllilliaries
Undianibuled pmfits
Domestic nonfinancial
27
28
29
30
31
Fam,
Fomgn subsidiaries
Financial
86.8
305.7
'
7
8
32
Inventory vah11tion adjustment
-7.5
-8.6
-16.1
-24.3
-2.5
-5.1
-5.4
·2.7
3.3
3.5
7.6
32
33
34
Capital comumplion adjultment
Domestic nonfinancial
36.0
45.3
1.0
-10.4
51.4
60.1
0.8
.9.5
51.6
60.0
0.5
-8.9
61.8
70.8
0.3
·9.4
57.9
66.7
0.4
-9.2
61.6
70.4
0.4
.9.2
63.2
72.3
0.3
-9.4
64.4
73.8
0.2
-9.6
67.7
77.2
0.2
-9.7
69.6
78.9
0.5
-9.8
33
34
35
36
35
Fam,
36
Financial
29.1
44.1
1.3
-16.2
37
Net lnleftll
414.3
402.5
412.3
425.1
425.1
416.2
422.S
430.9
430.6
440.S
448.4
37
4990.4
5266.7
5590.6
5912.3
6254.5
6108.7
6229.4
6303.2
6376.5
6509.9
6597.6
38
43
44
Buaine11 tlllmfer payments ID pelllOm
Buainess t111mfer paymenll ID a,at of tho world
Indirect buaine11 taxea and nontaxea
Private consumption of fiud capital
Govemment consumption of fixed capital
Statistical diacrepancy
22.5
5.9
505.6
585.4
128.2
44.8
22.1
6.0
532.6
594.5
133.4
52.7
23.8
6.8
568.5
638.7
138.8
14.8
25.0
7.3
582.8
653.0
143.8
-28.2
26.0
7.6
604.8
682.7
147.4
-59.7
25.6
7.1
594.0
669.2
146.2
-50.2
25.9
7.6
598.9
676.8
147.2
-50.1
26.1
7.7
600.9
687.7
147.7
-79.0
26.4
7.8
625.3
697.2
148.5
-59.6
26.7
7.7
610.2
705.4
149.6
-64.2
26.9
8.2
616.6
712.1
150.6
-73.6
39
40
41
42
43
44
45
46
Less:
Suboidies leas cunent IUlplua of
govemment enielpriaes
Net U.S. foclor income from a,st of the world
27.1
11.1
31.1
18.7
26.6
8.2
25.2
5.2
25.4
1.7
25.3
7.8
25.2
2.8
25.0
,6.9
26.0
3.2
26.1
-14.3
25.9
-22.8
46
47
o ... Do.-ic Pnduct
6244.S
65!11.l
6'47.0
72'5.4
1,Ju
7467.S
7WT.7
7676.2
7792.9
7'33.S
8035.3
47
.
Memo:
Calculation of Gtosa Domellic Product
from National Income: (2)
38
National Income, from lino 1 above
Pliu:
39
40
41
42
Eqr,,Jl,:
(I) Thia !able oomaponda to
NIPA 11ble 1.14 in the Survey o( Cuned Buaine11, Depa- of Comm<rce.
(2) The "'1atiommp o( Natioml la:omo to Clroo1 l>omoltic Product i, ,hown on NIP A iable 1.9 in the S..-vey of Cumnt Buaino11, Ileputmed of Commeroe.
45
16
ZI, September 15, 1997
F.8 Gross Saving and Investment (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1
2
G,,_•'"'11
G,,_Pffl'*•'l'ina
1995
1996
1996
QI
Q2
Q3
Q4
--1991-QI
Q2
'49.5
1079.1
11'5.5
l'N,7.7
121S.9
1256.1
129S.6
lJOJ.2
1332.8
13'S.O
'70.8
979.3
1030.2
10'3.1
1125.5
1119.3
1106.2
UM.9
1131.4
1134.1
1173.7
2
248.5
210.6
254.6
239.6
258.2
225.7
253.8
220.5
216.0
243.2
3
104.5
-8.6
36.0
594-5
4.4
132.3
-16.J
51.4
638.7
13.3
145.J
-24.3
51.6
653.0
13.J
142.8
-2.5
61.8
682.7
I.I
138.0
-5.1
57.9
669.2
I.I
146.4
-5.4
61.6
676.8
I.I
141.8
-2.7
63.2
687.7
I.I
144-9
3.3
64-4
697.2
1.1
140.3
3.5
67.7
705.4
1.2
140.0
7.6
69.6
712.1
1.2
4
5
6
7
Peraoml •vin8
285.7
4
5
6
7
UndilllrifflDOd corporate profits
Nonf111811Cial corp. inventoey valuation adjusttnent
Corporale capital comumplion adjustment
Private COD1U111plion of fixed capi1al
Was• accrual1 leu diabunements
93.9
-7.5
29.J
585.4
-15.8
G,,_pftffllllO•a..t,.
1994
904.3
3
8
1993
~.4
-29.8
48.9
72.4
142.3
'6.6
149.9
150.7
171.8
1'8.7
221.3
10
II
12
Fecleral
Comumptionoffaedcapital
Cum,nt surplus
-215.0
65.9
-280.9
-182.8
67.9
-250.7
-117.2
69.5
-186.7
-103.6
70.9
-174-5
-39.2
71.2
-110.4
-82.6
71.0
-153.6
-40.2
71.4
-11 J.6
-28.3
71.2
-99.5
-5.7
71.3
-n.o
15.8
71.4
-55.6
36.8
71.5
-34-7
JO
11
12
13
14
15
Slate and local
Comumption of faed capital
Cum,nt aurplua
148.6
62.3
86.2
153.0
65.S
87.5
166.J
69.4
96.7
176.0
72.9
103.J
181.5
76.2
105.3
179.2
75.2
104.0
190.J
75.8
114.3
179.0
76.5
102.5
177.5
77.2
100.3
182.9
78.2
104.7
184.5
79.1
105.4
13
14
15
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1,
949.1
1002.1
1093.8
1137.3
1208.0
11'5.7
120U
121U
1243.6
12'U
1321.4
17
790.5
876.2
1007.9
1038.2
lllU
18'0.5
1105.4
1149.2
11Sl.l
1193.6
1242.8
18
9
1'
17
11
Capilal . . . - ncehed by lbe U.S. (net)
G,,_.G,,_ pmale demnlk lmeolne•
'
19
Fixed invellment
783.4
855.7
946.6
1008.1
1090.7
1049.5
1082.0
1112.1
1119.2
1127.5
1161.6
19
20
Nonresidential
Residential
557.9
225.6
604.1
251.6
660.6
286.0
723.0
285.1
781.5
309.3
750.7
298.8
769.3
312.7
798.6
313.5
9117.2
312.0
811.3
316.2
837.6
324.0
20
25.9
11.0
23.4
37.1
31.9
66.1
81.2
22
222.0
22'.2
223.6
225.3
223.3
227.1
23
.141.3
·148.5
24
"'4.2
-73.6
2S
21
22
Cban!!• in busineu inventories
7.0
20.5
61.2
30.1
23
G,,_p_,.._,.
209.1
204.5
205.9
213.5
224.3
24
Net twelp . - I n U.S.
-11'.8
-125.6
-156.2
.132.8
-50.2
-SG.1
-79.0
-!/lf.6
2S
Staliadal dloa ...... , (line 17 lea lne 1)
-50.4
-7U
-120.0
-114.4
.132.9
44.8
S2.7
14.8
-28.2
-!/lt.1
.
8
21
(I) Thia 1able oomsponda to NIPA 1able 5.1 in the Survey of Current Buainaa, Department of Commerce.
'
.
17
Z. l, September 15, 1997
F.9 Derivation of Measures of Personal Saving (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
•
1994
1995
1996
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
Netacqul...... •fllnanchd-
510.9
472.7
546.8
479.4
515.8
722.9
~.5
3'9.3
414.4
417.6
455.7
2
3
4
5
Foreign deposilB
Checkable deposi!B and cum,ncy
lime and •ving• deposits
Money mamtfund s11ares
1.2
103.8
-76.9
-40.9
-1.1
57.6
-106.5
-0.3
3.1
-22.9
-2.2
13.5
4.6
-39.0
156.8
100.4
IO.I
-58.0
178.4
79.3
10.7
-20.4
250.7
154.7
6.7
-46.5
69.0
-25.7
11.0
-37.3
184.2
87.9
12.1
-127.8
209.6
100.2
16.1
13.8
179.8
135.0
13.1
-31.5
197.0
-0.3
2
3
4
5
6
Securities
241.2
154.4
211.3
-60.4
-76.1
-64.3
295.1
-250.4
-284.8
-377.1
-205.3
6
37.7
0.5
-48.2
18.8
47.4
-3.6
-187.9
91.9
39.6
-0.1
-196.2
59.5
7
8
9
10
7
8
9
10
Open marltet paper
.s. •ving• bonds
Other Trealllr)' aecurities
Agency aecurities
11
12
13
14
Municipal oecurities
Corpomte and fo~ign bonds
Corpomte equities (2)
Mun.I fund abaffll
u
37.1 .
2.6
-38.9
137.7
-3.3
19.1
61.2
37.7
15.6
14.7
6.9
-34.3
1.2
8.0
175.1
157.3
13.3
5.1
7.0
-32.9
22.7
2.0
-35.4
68.7
5.1
1.6
-96.8
-27.8
10.8
3.4
42.2
146.3
-27.2
-5.0
24.8
133.9
-27.2
41.4
-68.4
205.7
-55.8
1.3
-143.0
67.2
-58.1
54.8
-158.7
109.1
-31.0
-9.5
-273.3
179.6
-20.6
24.6
-184.1
233.6
-1 I.I
78.9
-216.1
240.7
-81.9
-83.6
-344.0
120.7
-10.5
-57.8
-348.8
123.6
-6.8
-216.1
-283.5
181.5
23.0
11.9
-326.4
183.5
12
13
14
11
15
16
17
18
Private life insurance rnerves
Private insured pension reserves
Private noninsured pension reserves
Govt. inslllllDCe and pension reserves
27.7
68.9
77.0
84.7
35.7
73.9
98.4
82.6
34.3
69.6
89.1
94.8
44.8
66.2
99.5
75.5
43.8
47.6
88.3
99.5
20.0
25.0
82.5
127.6
31.1
16.9
88.2
92.6
57.8
59.7
86.4
84.6
66.5
88.9
96.1
93.2
44.9
106.6
91.4
88.0
64.1
103.4
89.8
88.0
15
16
17
18
19
20
Investment in bank pel'IOlllll 1nlllB
MillCdlaneoua auetl
-7.1
31.3
0.9
77.0
17.8
38.5
.41).1
80.5
12.5
90.3
-0.6
136.9
11.8
17.5
19.2
66.3
19.8
140.5
23.5
95.6
26.3
Ill.I
19
20
21
22
23
24
25
Gross investment in IBngible auetl
829.6
193.8
142.2
488.5
5.1
879.2
218.4
135.4
530.2
-4.9
977.0
249.1
135.1
579.6
13.3
992.3
244.0
145.9
608.5
-6.0
1052.7
267.0
147.2
634.5
4.0
1029.6
259.3
146.7
626.7
-3.1
1061.2
270.1
145.5
638.6
7.1
1058.1
269.8
146.5
634.5
7.4
1061.8
268.8
150.1
638.2
4.6
1085.0
271.7
147.9
658.4
7.0
1083.7
278.3
151.0
9.9
21
22
23
24
25
26
27
28
29
Comumption of fixed capi1Bl
620.2
85.9
122.8
411.4
635.8
79.7
125.8
430.3
652.1
87.3
108.5
456.3
674.2
89.4
102.4
482.3
694.8
92.0
103.4
499.3
681.7
90.2
102.1
489.4
689.l
91.2
102.9
41J5.0
700.5
92.7
104.9
503.0
710.1
94.0
106.2
509.9
718.7
95.1
107.7
515.9
725.1
96.0
108.3
520.8
26
27
28
29
JO
Net . - I n a..,...-.. (4)
:ZO,.A
243.A
324.9
318.1
JST.9
347.9
372.1
JST.6
35U
3'6.A
l!ll.6
JO
107.9
19.3
77.1
5.1
138.7
9.7
99.9
.4.9
161.8
26.6
123.3
13.3
154.5
43.5
126.2
-6.0
174.9
43.8
135.2
4.0
169.1
44.6
137.3
-3.1
178.8
42.6
143.6
7.1
177.0
41.6
131.5
7.4
174.8
43.9
128.3
4.6
176.6
40.3
142.5
7.0
182.3
42.8
123.7
9.9
31
32
33
34
193.8
285.7
370.2
412.5
451.5
548.7
451.7
382.0
423.6
434.7
422.3
35
250.7
58.6
42.6
-5.9
29.5
48.2
239.3
5.0
85.9
5.9
27.1
71.4
202.9
48.8
52.4
9.5
34.6
74.0
36
37
38
39
40
41
31
32
33
34
35
•
1993
Residential llrUC!UllOS
Other fixed assets (3)
CoDIUlller dU111ble1
Inventories (3)
Residential llrUC!UllOS
Other flXed assets (3)
CoD1U111erdU111ble1
Residential llrUCtun,s
Other fixed assets (3)
CoD1U111erdU111ble1
InvenlDriea (3)
Net - - - In lillbllltlH
644.5
36
37
38
39
40
41
Mortgase debt on nonfann homes
Olbermortpge debt (3)
CoD1U111erciedit
Policy loans
Security ciedit
Other liabilitie• (3)
188.4
-38.8
4.2
5.7
-1.6
35.9
183.4
-27.2
62.0
5.6
22.6
39.I
198.2
-32.0
125.I
7.8
-1.1
72.2
191.5
-9.4
140.5
10.5
3.5
75.8
266.9
27.1
86.3
4.5
15.7
51.0
315.2
17.0
123.5
7.4
42.1
43.5
254.5
30.4
89.0
3.0
70.0
247.3
2.3
89.9
11.8
-11.7
42.3
42
Pe....ia..... (FOF......-e)(S)
52'.5
430.A
501.5
385.0
422.1
522.0
476.8
344.8
342.5
349.3
3'2.11
42
43
44
45
· Govt imumnce and pemion ~tel'Ves
• Net inve11me:nt in consumer durables
• Net •ving by fann oorpomtions
..................
84.7
77.1
0.8
82.6
99.9
0.4
94.8
123.3
0.3
75.5
126.2
0.2
99.5
135.2
0.1
127.6
137.3
0.1
92.6
143.6
0.1
84.6
131.5
0.1
93.2
128.3
0.0
88.0
142.5
0.0
88.0
123.7
0.7
43
44
45
364.0
247.5
283.1
183.1
187.A
257.1
240.6
128.7
120.9
118.7
179.6
4'
47
Pe.....i ...... (NIPA-.re)
285.7
248.5
210.6
254.6
239.6
2!11.2
225.7
253.8
220.5
21'.0
243.2
47
48
Difference (6)
78.3
-1.0
72.5
-71.5
-52.1
-1.1
14.9
-125.1
-99.6
-97.3
-63.6
48
49
Dispo•ble pemonal income
4626.7
4829.3
5052.7
5355.7
5608.4
5519.5
5573.6
5644.5
5695.8
5790.6
5846.9
49
50
51
52
53
R>F measure (lino 42)
NIPA concept, R>F da,a (lino 46)
NIPA measure (lino 47)
Difference (lino 48)
8.9
5.1
5.1
-0.0
9.9
5.6
4.2
1.4
7.2
3.4
4.8
-1.3
7.5
3.3
4.3
-0.9
9.5
4.7
4.7
-0.0
8.6
4.3
4.0
0.3
6.1
2.3
4.5
-2.2
6.0
2.1
3.9
-1.7
6.0
2.0
3.7
-1.7
6.7
3.1
4.2
-1.1
50
51
52
53
4'
.
4.8
(NIPA - p l , FOF daa)
Memo:
h"°""' MMI a•,.,,,-,. of"'4»111bt. pnrolllll Into-:
11.4
7.9
6.2
1.7
(I) Conoolidated •tement for bo111Cbold oector, nonfum DODCOrpOrate buoineN, and farm buoiness.
(2) Only di:ectly held and those inclooecl-end funds. Other equities an, inclmed inllldUol funds (line 14), life imurao:,e and pension reserve, (lines 15, 16, 17, and 18), and bank penonal ll'UIII (line 19).
(3) hrludes corpon,te fanm.
(4) Line 21 Jen line 26.
(5) Line I plm line 30 less line 35.
(6) Household sector discrqancy with sign re>ened.
18
Zl, September IS, 1997
F.100 Households and Nonprofit Organizations (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
I
2
3
4
s
6
7
8
'
10
II
Pemonal income
· Penonal laxes and non1axes
• Disposable personal income
· Penonal outlays
•....._aTI111,NIPA(2)
+ Government inauranoe and pension n,seives
+ Net investment in consumer dumbles
+ Consumption of fixed capi1al
•G,...•ffllll
G,....-
12
13
14
Capilal expendlhra
Residential construction
Consumer durable goods
Nonpmr.t plant and equipment
IS
Net .......... 1 -
16
Net acquWlien .r ........ _
18
19
20
Fo,:eign deposits
Checkable deposits and c:umency
Tune and savings deposits
Money nml<et flllld ~
21
Credit namt inllrunlents
17
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Open marb,t paper
U.S. govemment securilie•
Treuuey
Savings bonds
Other
A3ency
Municipal securities
Corpom11, and fon,ign bonds
Mortgages
Corpom11, equities (3)
Mutual flllld shan,s
Security credit
Life i.naumnoe noserve1
Pension flllld n,setves
Investment in bsnk peraonal trusts
F.quity innoncorpome bulineu
Milcellaneoua auets
Net...-- In llabllllleo
Credit namt inllrunlents
Home mortgages
Consumer credit
Municipal securities
Bank loans n.e.c.
Other loans and advances
Commen:ial mortgages
Security credit
Trade payables
Defemd and unpaid
life insumnce pn,miums
Diecrepancy
1993
1994
1995
1996
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
6461.3
887.7
5573.6
5347.9
225.7
6541.9
897.4
5644.5
5390.7
253.8
6618.4
922.6
5695.8
5475.3
220.S
6746.2
955.6
5790.6
5574.6
216.0
6828.9
982.0
5846.9
5603.7
243.2
84.6
131.5
622.9
16'2.8
93.2
128.3
631.5
1073.S
88.0
142.5
638.9
1085.S
88.0
123.7
645.0
10,U
'73.9
'88.2
1036.3
10
973.8
271.7
658.4
43.7
'67.4
II
278.3
644.5
44.6
12
13
14
5277.2
650.6
4626.7
4341.0
285.7
5519.2
690.0
4829.3
4580.8
248.S
5791.8
739.1
5052.7
4842.1
210.6
6150.8
795.1
5355.7
5101.1
2S4.6
6495.3
886.9
5608.4
5368.8
23U
6359.4
839.9
5519.5
5261.3
84.7
77.1
518.9
82.6
99.9
533.1
"u
75.5
126.2
597.7
1054.0
99.5
135.2
618.4
10,2.6
127.6
137.3
606.2
""'
94.8
123.3
568.0
"'·7
112"2
92.6
143.6
613.0
1074.9
1044.7
"3.1
IC"9.2
'82.5
1040.S
1128.I
IOBU
'67.7
714.8
193.8
488.5
32.5
785.0
218.4
530.2
36.4
8'1.6
11,o.i
'4t.7
270.1
638.6
41.1
'46.8
,so.s
244.0
608.5
37.6
"3.3
267.0
634.5
41.8
'26.1
249.1
579.6
32.4
269.8
634.5
42.6
268.8
638.2
43.5
2!11.2
259.3
626.7
40.1
2
3
4
s
6
7
8
'
32U
178.1
20fl.l
'2.4
'7.2
202.0
140.0
20.8
23.4
IU
6'.0
IS
S24.2
455.2
555.9
4'0.2
4113.9
'8S.2
S32.0
3!111.4
JST.7
376.0
404.3
16
1.2
97.0
-74.6
-40.9
-1.1
48.3
-113.0
-0.6
3.1
-29.6
-10.4
13.4
4.6
-42.4
150.5
100.3
10.1
-61.6
174.0
79.0
10.7
-23.9
246.4
154.5
6.7
-SO.I
64.6
-26.0
11.0
-40.9
179.8
87.6
12.1
-131.5
205.2
99.9
16.1
8.4
177.4
134.8
13.1
-36.9
194.5
-0.5
17
18
19
20
87.8
39.3
293.9
-2.1
31.7
-76.5
277.9
-43.3
-31.5
-241.2
-63.8
21
-3.3
117.4
79.7
19.1
60.5
37.7
-27.2
-5.0
6.1
15.6
-13.0
21.2
14.7
6.6
-34.3
-27.2
41.4
22.6
1.2
339.6
182.4
8.0
174.4
157.3
-55.8
1.3
7.5
13.3
-21.2
11.7
5.1
6.6
-32.9
-58.1
54.8
9.1
22.7
10.8
191.4
45.1
3.4
41.7
146.3
-11.1
78.9
7.9
37.1
100.8
-33.9
2.0
-35.9
68.7
-31.0
-9.5
14.7
5.1
-123.4
-95.7
1.6
-97.3
-27.8
-20.6
24.6
37.7
2.6
-39.4
137.7
-81.9
-83.6
-15.7
37.7
-29.5
-48.3
0.5
-48.8
18.8
-10.5
-57.8
28.7
47.4
-100.1
-192.0
-3.6
-188.4
91.9
-6.8
-216.1
34.4
39.6
-137.4
-196.9
-0.1
-196.8
59.5
23.0
11.9
-0.8
22
23
24
25
26
27
28
29
30
24.8
133.9
-10.8
28.0
230.3
-7.1
37.7
17.0
-68.4
205.7
26.0
36.0
254.7
0.9
14.2
13.1
-143.0
67.2
6.7
34.5
253.2
17.8
43.7
5.4
-158.7
109.1
18.6
44.9
241.2
-49.7
28.0
15.8
-273.3
179.6
35.4
43.6
235.7
12.5
5.7
11.5
-184.1
233.6
53.4
19.0
236.1
-0.6
2.2
14.5
-216.1
240.7
-16.4
32.5
196.2
11.8
6.4
3.8
-344.0
120.7
33.3
56.6
231.9
19.2
27.5
19.0
-348.8
123.6
71.1
66.3
278.5
19.8
-15.6
8.5
-283.5
181.5
36.3
44.0
287.0
23.5
-12.3
4.3
-326.4
183.5
48.3
66.4
278.9
26.3
-6.7
27.5
31
32
33
34
35
36
37
38
1'4.3
277l
347.7
3'7.7
3116.7
4113.2
3'1.9
337.6
334.3
3'U
33!1.4
3'
34.8
-36.8
191.1
246.2
343.7
354.9
363.8
443.0
376.5
348.8
286.8
335.5
291.1
40
158.8
4.2
9.3
4.1
9.3
5.4
149.1
62.0
11.9
8.4
7.1
7.7
190.2
125.1
14.5
13.2
8.1
-7.4
188.6
140.5
5.8
14.0
9.9
-4.0
263.9
86.3
4.3
-0.5
1.6
8.1
315.1
123.5
4.1
-7.0
4.7
2.7
251.4
89.0
3.8
14.3
6.3
11.8
243.2
89.9
4.1
7.3
3.7
0.6
246.1
42.6
5.1
-16.3
-8.2
17.5
233.0
85.9
4.0
27.8
-I.I
-14.2
195.9
52.4
3.3
34.7
-1.9
6.8
41
42
-1.6
4.7
22.6
7.4
-1.1
4.2
3.5
8.5
15.7
6.4
42.1
-2.7
3.0
11.6
-11.7
-0.4
29.5
17.2
27.1
-1.8
34.6
8.8
47
48
0.0
0.9
0.9
0.9
0.8
0.9
0.8
0.8
0.8
0.8
0.8
49
-78.3
1.0
-72.5
71.5
52.1
1.1
-14.9
125.1
99.6
97.3
63.6
50
.
43
44
45
46
Memo:
Net pl,y,ical inw,,llnffll:
51
52
53
54
55
(A) Relidenlial oonstruction expenditures
- Consumption of fixed capi1BI
• Net investment
- Homemortgages
• Exceu net investment
193.8
85.9
107.9
158.8
-50.9
218.4
79.7
138.7
149.1
-10.4
249.1
87.3
161.8
190.2
-28.4
244.0
89.4
154.5
188.6
-34.1
267.0
92.0
174.9
263.9
-89.0
259.3
90.2
169.1
315.1
-146.0
270.1
91.2
178.8
251.4
-72.5
269.8
92.7
177.0
243.2
-66.1
268.8
94.0
174.8
246.1
-71.3
271.7
95.1
176.6
233.0
-56.4
278.3
96.0
182.3
195.9
-13.6
51
52
53
54
55
56
57
58
59
60
(B) Consumer dumble goods expendinmos
- Consumption of
capi1al
rw.1
488.5
411.4
• Net investment
n.1
- Consumer cnodit
• Exoeu net investment
4.2
72.9
530.2
430.3
99.9
62.0
37.9
579.6
456.3
123.3
125.1
-1.8
608.5
482.3
126.2
140.5
-14.3
634.5
499.3
135.2
86.3
48.9
626.7
489.4
137.3
123.5
13.7
638.6
495.0
143.6
89.0
54.6
634.5
503.0
131.5
89.9
41.6
638.2
509.9
128.3
42.6
85.7
658.4
515.9
142.5
85.9
56.5
644.5
520.8
123.7
52.4
71.3
56
57
58
59
60
(I) Sector includes fa,m bou,ebolda. Supplememry !ables (lablea F. l 00.a and LI 00.a) abow elltimalel of IDllllli Oowa &Di year-end OUlllaDdinp of nonpcfit organizationa.
(2) See !able F.9 foe derivation of altemotive meuun:1 of penoml avu,g.
(3) Only directly bold and tboae in ciolcd-end fmda. Otbor equities an, included in mno1 funds (line 32), life UIIIDDIX and pension "'8elVOI Oin<I 34 and 35), and tank penoml lntlU (line 36).
•
19
Z I, September 15, 1997
F.101 Nonfinancial Business (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
Income before laxes
811.9
2
G.- .....
Sl2.2
SlrT.7
3
G,-lmalmmt
4'05
'88.2
ffl.l
53,.s
490.1
29.1
461.0
.
•
Fixed inve11ment
8
9
Change in inven1Drie1
Acao11 rights from federal govemment
II
Residential comtruclion
Plant and equipment
Ne, ........._
891.4
1994
1003.4
1995
--1997--
1996
1996
Qi
Q2
Q3
Q4
QI
Q2
1130.5
1156.5
1169.5
1176.3
1192.4
1207.6
1074.8
1158.2
633.li
6535
7235
695.0
713.3
71:1.J
760.8
7SS.3
766.3
2
'32.7
650.0
705.2
678.8
nu
789.3
740.7
728.A
721.2
3
61:1.li
670.7
7029
663.2
'87.0
722.0
739.J
79.7
823.0
.
519.3
28.0
.Wl.3
566.3
29.7
536.6
633.0
38.2
594.8
673.3
37.1
636.2
652.2
35.8
616.4
663.6
37.5
626.1
684.3
37.6
646.8
692.9
37.4
655.5
693.6
37.9
655.7
715.3
38.8
676.5
5
6
7
7.0
0.0
20.5
0.0
61.2
0.0
30.l
7.6
25.9
3.8
11.0
0.0
23.4
0.0
37.1
0.5
31.9
14.5
66.1
0.0
81.2
26.5
8
9
.u
148.A
S.2
-20.7
2.3
IS.Ii
-72S
67.3
I.A
-31.A
-101.8
10
184.7
312.0
325.li
445.2
UJ.7
SOl.7
391.8
4511.3
407.0
42U
391.A
II
12
13
14
15
16
Foreign deposita
Cbockable depolits and cum,ncy
nme and
deposits
Money lllllhtfund llillres
Security RPs
-0.7
13.7
-17.2
15.9
3.4
-1.4
22.9
28.8
·2.3
-2.6
I.I
25.3
1.6
7.5
-0.3
I.I
20.8
4.8
24.9
0.2
10.4
50.5
5.5
7.4
1.4
10.8
35.2
-8.5
11.6
-0.1
-2.0
55.1
24.8
2.8
7.4
3.9
70.1
31.2
5.2
1.3
28.8
41.7
-25.4
10.1
-3.1
3.4
55.7
-32.5
12.8
-0.7
13.0
60.0
-17.4
7.1
5.9
12
13
14
15
16
17
Credit mamt instruments
27.7
8.0
18.3
-2.1
15.7
29.6
32.1
9.9
-9.0
42.7
-14.0
17
2.3
21.4
1.0
0.2
2.8
2.4
·l.O
8.9
-9.2
6.9
-0.6
3.5
2.0
4.0
9.4
I.I
-5.3
-1.3
5.0
-1.6
10.8
12.4
-7.6
7.4
-7.3
-1.2
-4.0
-11.9
7.9
38.7
8.4
34.I
14.2
5.9
-30.4
12.2
8.7
-7.7
7.9
-11.3
23.6
10.6
-24.9
7.9
-26.3
-8.8
-10.1
3.2
7.9
50.4
-0.3
7.9
7.9
-25.0
18
19
20
21
22
s.o
34.7
102.2
6.8
.W.9
271.8
2.1
85.9
184.3
4.6
110.4
280.5
3.3
69.1
276.4
3.3
38.4
381.4
3.3
110.3
158.0
3.3
48.5
284.9
3.3
79.4
281.2
3.0
4.2
336.3
3.0
95.7
238.0
23
24
25
Dl.3
233.li
3205
465.9
437.A
.-u
464.7
391,0
405.li
4Sli.2
493.2
2'
23.6
54.9
140.8
241.8
193.9
1n.2
216.8
219.7
161.8
234.5
266.4
27
8.6
-0.0
67.6
10.0
-0.l
75.2
21.4
-5.1
23.3
18.1
-12.6
73.3
-0.9
•17.5
72.5
25.7
-17.5
60.9
9.1
-13.4
71.5
-14.2
-20.4
67.8
-24.4
-18.6
89.9
7.8
-17.9
79.4
21.4
-13.1
86.l
28
29
30
-16.5
-3.4
-32.7
-3.3
-25.4
-1.5
61.8
30.2
9.1
86.3
38.1
38.5
70.4
22.3
47.1
48.5
17.5
42.l
55.4
33.5
60.6
124.9
43.7
17.9
52.6
-5.7
68.0
114.2
4.4
90.6
-3.0
46.6
84.5
31
32
33
21.3
34.9
2.7
112.6
.44.9
85.8
3.2
79.2
-58.3
82.0
0.0
182.6
-64.2
62.l
1.9
246.0
-73.6
84.5
3.2
304.2
0.4
103.3
4.3
134.9
-127.6
-14.7
·I.I
295.8
-56.0
75.3
1.3
2.W.2
-86.2
67.2
-9.5
268.2
-83.6
56.9
-12.7
293.5
37
18
19
20
21
22
23
24
25
2'
27
.
Capital eq,emlituno
5
6
7
10
•
1993
Net acqulalden ofllmncllll -
•vin8•
Commercial paper
U.S. govemment oecurilie•
Municipal oecuritie1
Mortgage•
ConswnerCffltit
Mlllllllfund ...res
Trade nooeivables
Miaoellaneo111 a...11
Net--lnlalllldeo
Credit ma,bt instruments
28
29
30
Commercial paper
Municipal oecurilies
Corpomte bonds
31
32
33
Other loans and advances
Bank loans n.e.c.
Mortgages
-4.S
34
35
36
37
Corpomle equities
Trade payables
Taxes payable
Milcellaneo111 liabililies
27.0
40.6
7.9
61.7
38
Proprie!Drl' net investment
30.5
7.1
56.4
17.8
-2.3
-9.4
5.0
18.9
-26.l
-17.9
-27.3
38
51.7
-100.6
0.9
3.4
18.4
16.2
99.2
-62.0
20.1
27.0
45.2
39
39
Diocrepancy
(I) Combined slatement for oonfann oonfmancial corpomte buainesa, oonfann ooncorpomte buaine11, and fann bllliness .
34
35
36
20
Z l, September 15, 1997
F.102 Nonfann Nontinancial Corporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1
2
3
4
5
6
7
8
'
Profits before IBX (book)
• Pmfit lax accnials
. Dividends
+ Comumption of fixed capi1Bl
• U.S. in11ernal funds, book
+ Foreign eamilJ8s re1Bined abroad
+ Inven!Dry valmtion adjustment (IVA)
• Tola! inhnal flllldl + IV A
256.7
90.6
132.4
372.6
406.3
41.S
.7.5
440.2
G,-.-
10
11
12
13
Capllal expendlt-
14
Net llmndal 1 - . t
15
Net acquioltlon ef ........ _
Fixed invellment ( 1)
InvenlDry change + IV A
Access tipts from federal govemment
..
16
17
18
19
20
Foreign deposits
Checkable deposits and cumncy
Time and l&Vings deposits
Money merl<et fund llbares
Security RPs
21
22
23
24
25
26
27
Commercial .. per
28
29
30
31
32
33
34
U.S. government securities
Municipal securities
Mongages
Comumer credit
Trade receivables
Mutual fund lbares
Milcellaneous assets
U.S. direct investment abroad (2)
lnaumnce receivables
Equity in GSEs
rnve.tment in finance co. subs.
Other
Net lncreae In llabllltl..
35
36
37
38
39
40
41
Net funds naioed in lllBIUts
Net new equity issues
Credit merl<et instNments
42
43
44
Other loam and advances
Savings imlitutiom
45
46
47
48
49
50
51
52
53
54
55
Common:ial .. per
Municipal securities (3)
Corponale bonds (2)
Bank loam n.e.c.
Finance companies
U.S. government
Acceptance liabilities to lanks
Reat of 1he world
ABSiMuera
Mongages
Trade .-yables
Taxe,.-yable
Milcellaneous liabilities
Foreign direct inveatment in U.S.
Pension fund conttibutiom .-yable
Other
1993
3(11.9
1994
1995
1996
Q2
Q3
Q4
QI
Q2
461.8
148.7
199.0
441}.4
563.6
60.8
-5.1
619.3
475.9
153.S
193.0
457.8
587.l
55.4
-5.4
637.1
481.7
156.2
190.S
465.6
600.6
51.7
·2.7
649.6
482.8
158.S
198.0
472.6
598.9
80.0
3.3
492.8
158.8
205.6
499.9
161.6
207.9
437.0
138.9
187.1
430.7
541.7
59.3
-24.3
4845
391.4
128.3
157.6
418.3
523.7
41.6
-16.1
549.2
576.B
475.6
154.2
195.1
461.3
587.6
62.0
-2.S
647.1
l8115
585.0
548.3
573.3
628.7
603.1
!W.9
382.3
380.4
1.9
0.0
445.6
420.2
25.4
0.0
SIU
5685
524.7
36.1
7.6
5935
567.9
21.9
3.8
559.7
545.6
14.l
0.0
5755
463.7
48.0
0.0
559.2
16.3
0.0
104.5
147.0
383.6
440.0
53.0
-8.6
--1991--
1996
QI
1
2
3
4
5
6
7
8
480.S
486.S
682.2
608.9
63.2
3.S
675.6
616.9
61.1
7.6
685.6
711.6
662.1
648.6
640.A
610.7
580.4
29.7
628.1
586.3
27.3
14.5
6485
706.7
608.8
71.3
26.S
10
11
12
13
0.5
589.4
59.1
0.0
'
6.2
IJU
36.7
4.9
35.2
43.A
-37.6
100.9
34.G
0.1
-66.3
14
1675
357.3
278.3
408.2
410.2
4735
362.3
4285
376.A
401.3
367.3
15
-0.7
6.9
-15.0
15.8
3.4
·1.4
13.6
22.3
-2.S
·2.6
1.1
18.S
-6.6
7.4
-0.3
1.1
17.4
-1.S
24.8
0.2
10.4
46.9
1.1
7.2
1.4
10.8
31.6
-12.9
11.S
-0.1
·2.0
51.S
20.4
2.6
7.4
3.9
26.8
5.0
1.3
28.8
37.9
-29.8
9.8
·3.1
3.4
50.3
.34.9
12.6
-0.7
13.0
54.7
·19.9
6.8
5.9
16
17
18
19
20
2.3
20.6
1.0
1.1
2.8
27.6
5.0
2.4
·1.3
8.9
-7.8
6.9
50.7
6.8
-0.6
2.8
2.0
4.1
9.4
71.9
2.1
1.1
-5.7
-1.3
5.1
·l.6
98.9
4.6
10.8
11.9
-7.6
-1.2
-4.4
-11.9
8.0
38.7
30.4
3.3
8.4
33.6
14.2
6.0
-30.4
102.0
3.3
12.2
8.2
-7.7
8.0
-11.3
40.2
3.3
23.6
10.1
•24.9
8.0
-26.3
71.2
3.3
-8.8
·10.6
3.2
8.0
50.4
-1.1
3.0
-0.3
-5.0
7.9
8.0
-25.0
21
22
23
24
25
26
27
96.6
35.6
13.S
0.0
1.0
46.4
261.3
51.9
6.6
0.0
0.7
202.0
166.6
61.9
7.8
0.1
3.1
93.6
265.1
85.0
3.2
0.0
4.7
172.1
263.7
71.4
-2.0
2.2
145.3
46.9
-1.3
1.4
10.6
87.7
184.0
326.S
77.8
-5.2
3.7
1.3
248.8
227.7
92.6
4.3
1.1
136.2
28
29
30
31
32
33
161.3
217.9
241.6
403.3
37S.O
430.0
,,,.,
272.0
69.8
-2.6
2.6
3.2
199.0
267.7
79.8
-3.9
2.9
187.7
369.6
89.0
-0.0
1.6
-1.0
280.1
327.6
342.4
401.1
433.6
34
66.6
27.0
39.6
8.6
-0.0
67.6
·19.3
70.4
21.3
49.1
10.0
-0.l
75.2
-10.8
90.4
-44.9
135.3
21.4
-5.l
23.3
42.7
155.4
-58.3
213.7
18.1
-12.6
73.3
62.8
83.9
-64.2
148.1
-0.9
-17.S
59.3
-73.6
132.9
25.7
-17.5
60.9
28.6
172.S
0.4
172.1
9.1
-13.4
71.S
30.9
65.3
·127.6
192.9
-14.2
-20.4
67.8
103.6
38.4
-56.0
94.4
107.3
-83.6
190.9
21.4
-13.l
86.1
60.9
35
36
37
38
-18.6
89.9
30.1
93.1
-86.2
179.3
7.8
-17.9
79.4
88.4
0.8
-5.0
1.0
-0.1
-2.9
4.9
2.9
-18.1
-24.2
-0.8
-14.3
0.2
-3.3
-15.8
9.7
-1.0
27.3
-0.3
23.3
20.5
l.S
7.1
0.5
0.8
23.7
0.4
-0.S
-6.0
-17.9
21.1
0.2
0.8
-12.S
0.4
3.2
4.5
3.8
35.4
42
43
44
2.3
27.6
35.1
0.9
6.8
0.6
-2.l
7.3
21.S
38.8
-5.0
-0.S
5.S
-0.7
4.0
8.1
25.2
7.6
2.3
10.6
0.6
-1.7
44.2
3.2
5.S
-2.1
1.6
4.3
25.6
31.1
1.2
24.0
0.7
-0.8
0.0
5.9
41.0
46
47
48
49
33.4
7.2
54.0
18.3
1.6
34.2
36.4
2.0
109.1
8.3
5.S
95.2
77.3
2.4
71.S
30.4
3.8
37.3
73.8
-0.8
174.9
54.2
3.8
116.9
52.4
1.1
237.6
85.8
3.8
148.0
72.6
2.4
295.7
50.7
3.8
241.2
52.7
-13.4
287.1
55.4
3.8
227.9
50
51
52
53
54
55
51.7
-100.6
0.9
3.4
18.4
0.5
1.5
•7.3
61.0
3.3
4.4
12.S
48.3
0.5
66.S
4.8
-24.4
90.S
3.0
-6.S
39
40
41
0.5
0.5
-1.4
46.8
-10.S
12.0
2.2
-31.7
19.0
22.4
62.7
126.S
89.6
3.8
33.1
-23.2
-1.9
287.3
76.1
3.8
207.4
240.8
126.9
3.8
110.1
56.S
-10.3
261.8
149.2
3.8
108.8
16.2
99.2
-62.0
20.1
27.0
45.2
56
-6.S
97.3
3.5
0.5
45
56
Diacrepancy
57
58
Memo:
Tnade receivables net of ll1lde .-yables
F'1118ncing gap ( 4)
-5.8
-16.4
14.2
14.2
-5.3
4.0
25.1
51.0
8.6
8.4
-42.2
1.2
4.7
-6.2
63.4
12.8
8.S
25.9
-57.6
36.1
37.8
82.2
57
58
59
60
61
AIMl:,fk,,l _.,,,,., (perunl)
Capi1Bl outlays (5YlJ.S. inlernal funds
Credit momt boi:rowing/capi1Bl outlays (5)
Net funds muedlcredit momt boi:rowins
96.0
10.2
168.1
103.2
10.8
143.4
100.8
25.6
66.8
109.4
36.1
72.7
101.4
24.8
56.6
100.2
23.S
44.6
98.9
29.6
100.2
102.1
31.S
33.9
104.3
15.1
40.7
105.9
27.8
51.9
113.3
27.3
56.2
59
60
61
( 1) Nomeaidential pianl and equipmed ph• residential comttuctioo, abown on table F.6, lioea 9 and 15, rcapectivcly.
(2) Through 1992:Q4- corpomte bonds include Del i11uo1 by Nethorlanda Alllilleao financial aubaidiariea, and U.S. direct invutmeot abroad excludes Del iDflowa from those bond i11uc1.
(3) lndmtrial rcvcme bonds. luucd by ate and local govcmmem to finance pivate inve- and lleCIRd in interest and principal by the indmtrial 111er of the funds.
(4) Capillll expendittna (line 10) leu the 11m of U.S. inlemol funds (line 5) and invedOry valuation adjmtment (line 7).
(5) Capillll outlays eq\lll capital expenditures (line 10) Ie11 invcotory vabatioD adjmtmed (line 7).
.
.
•
21
Z.l, September 15, 1997
F.103 Nonfann Noncorporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
I
2
Net income with 1VA and CCAdj
G.- aYins • capkal ce.......,ilon
3
G.-ln-
.
•
5
6
Capital expemlltira
Fixed invelllmellt (I)
Change in inventories
7
Netllmndal'-
8
9
10
II
12
13
14
15
16
17
18
19
:zo
Net aequiaden ofllmndal -
Checkable deposits and cumncy
nme and
deposits
Money nmket mutual funds
Tffllllll)' aei:urities
Mottgages
Co11111111Crcredit
Trade n,ceivables
Miscellaneous asaets
lnsunnce receivables
F.quity investment in GSEa (2)
O!ber
•vins•
Net......_ In llllblldeo
25
Credit msmt instruments
Bank Joens n.e.c.
O!ber loans and advances
Mongages
Trade payables
26
27
28
Taxapayable
Milcellaneous liabilities
Proprietors' net investment
21
22
23
24
1993
1994
1995
--1991--
1996
1996
QI
Q2
Q3
Q4
QI
Q2
518.1
80.7
551.1
82.1
575.1
'3.1
614.3
64.5.4
54.8
636.8
653.1
659.4
663.8
I
54.4
644.1
54.7
647.7
55.'J
55.'J
56.6
51.A
515
2
80.7
82.1
'3.1
55.'J
54.8
54.A
54.7
55.'J
56.6
51.A
515
3
'85
85.'J
84.5
1.3
89.3
86.8
2.5
93.7
91.8
1.9
88.6
87.5
1.2
90.0
89.2
0.7
87.7
86.9
0.9
87.0
85.4
1.6
89.8
88.4
1.4
89.A
98.4
0.1
86.3
3.1
90.8
87.1
3.8
5
6
-17.8
-3.8
.Ju
-37.8
.33.8
.355
-33.0
-31.1
.33.3
-31.'J
.33.3
7
13.A
215
43.7
34.7
273.
25.7
26.6
26.8
29.8
18.6
21:J.
8
5.0
-2.2
0.1
0.7
-0.9
0.0
7.1
3.6
-2.5
-0.0
6.1
7.6
6.5
0.3
0.3
-1.5
0.0
-0.8
9.0
0.8
0.2
8.0
5.1
8.2
0.1
0.7
-0.1
0.0
14.0
15.7
6.0
0.2
9.5
3.8
6.3
0.1
0.4
-0.1
0.0
11.5
12.7
5.0
0.0
7.7
4.3
4.4
0.2
0.5
-0.1
0.0
8.2
9.8
3.0
0.7
6.1
4.2
4.2
4.2
4.4
4.4
0.2
0.5
-0.1
0.0
8.0
8.6
3.0
0.0
5.6
4.4
4.4
4.4
0.2
0.5
-0.1
0.0
8.3
9.2
3.0
0.0
6.2
0.2
0.5
-0.1
0.0
8.2
9.3
3.0
0.0
6.3
0.2
0.5
-0.1
0.0
8.2
12.2
3.0
2.8
6.4
4.4
2.4
0.3
0.5
-0.1
0.0
5.3
5.8
1.0
0.0
4.7
4.5
2.4
0.3
0.5
-0.1
0.0
5.2
9
10
II
12
13
14
15
16
17
18
19
31:J.
25:J.
ff.'J
725
61.D
,u
!lt.7
51.'J
'3.1
505
545
:zo
-16.4
2.7
-4.0
-15.1
6.9
0.6
7.7
32.4
3.2
5.3
-0.6
-1.5
-2.5
0.7
3.6
20.2
2.2
17.2
3.8
-18.8
7.5
0.8
7.7
51.7
26.6
22.5
8.1
-4.1
7.2
0.8
7.7
30.3
43.4
21.4
2.6
19.4
5.8
0.8
8.4
2.6
20.4
10.9
12.9
5.5
0.8
8.4
2.3
38.5
22.0
-0.3
16.9
5.9
0.8
8.4
6.1
29.2
23.4
2.2
3.7
5.9
0.8
8.5
13.5
61.5
20.0
-2.5
44.0
6.0
0.8
8.4
-13.6
54.4
26.1
4.8
23.5
72.0
23.3
4.3
44.4
21
22
23
24
4.2
4.2
25
0.8
6.4
-15.2
0.8
6.4
-28.9
26
27
28
44.2
8.3
1.0
2.5
4.8
.
(I) Nomaidourlal plant and equipmom plm ~Dlial CXJllllnl:tion, lh:>wn OD table F.6, lines 10 and 16, re1pedivcly.
(2) Equity in the Farm Credit System
F.104 Fann Business (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1
2
3
4
5
Propieton' net income with 1VA and CCAdj
Net •ving (oorpomle)
Consumption of fixed capital
Corpomle
Noncorporare
37.1
0.8
20.5
1.9
18.6
32.4
0.4
20.6
2.0
18.6
36.9
0.3
21.0
2.4
18.6
23.4
0.2
20.7
2.6
18.0
37.2
0.1
21.6
2.9
18.7
31.9
0.1
21.1
2.8
18.3
36.5
0.1
21.4
2.9
18.5
40.1
0.1
21.7
2.9
18.8
40.4
0.0
22.0
3.0
19.1
40.2
0.0
22.3
3.0
19.3
43.9
0.7
22.5
3.0
19.5
2
3
4
5
'
Gnaanq
21.3
21.1
21.3
:Z0.8
21.7
21.3
215
21.8
22.1
22.3
233.
6
Gna.--
21.3
21.1
21.3
:Z0.8
21.7
21.3
215
21.8
22.1
22.3
233.
7
16.2
11.3
5.0
8.3
26.6
15.9
10.8
8.6
17.4
-3.8
23.7
17.5
6.2
24.3
18.5
5.8
2U
18.2
3.2
21.'J
18.0
3.9
255
16.5
-8.0
:Z0.7
17.9
2.9
13.6
14.5
-6.2
19.4
6.1
I
9
10
5.0
12.7
-5.3
12.3
O.t
7.7
-2.3
-25
0.7
O.A
-2.3
11
3.8
33.
3.6
2.3
2.3
25
2.t
3.0
0.7
5.1
2.t
12
1.8
2.0
2.1
-0.1
1.7
1.5
1.4
0.1
1.7
2.0
2.0
0.0
-0.4
2.7
2.8
-0.1
-0.6
2.9
3.6
-0.6
-0.6
3.2
3.3
-0.1
-0.6
3.5
3.5
0.1
-0.6
3.6
3.7
-0.0
-0.6
1.3
3.9
-2.5
1.0
4.0
4.1
-0.0
0.8
2.0
4.3
-2.2
13
14
15
16
-1.2
-U
,.o
_,.,
u
-5.2
5:J.
55
0.1
4.6
5.1
17
0.5
0.1
-0.2
0.5
0.2
-1.9
2.6
2.1
-0.6
1.0
1.0
-13.1
3.3
1.9
-0.8
2.2
1.0
4.7
1.5
I.I
-I.I
1.6
1.0
-12.4
2.4
0.6
-0.8
2.6
3.9
-5.0
0.1
-0.4
-I.I
1.6
6.5
-11.7
6.2
2.5
-1.3
4.9
0.0
-1.0
-2.5
-2.1
-2.6
2.2
2.6
5.4
6.0
2.5
1.9
1.6
6.6
-12.5
0.8
-0.2
-1.0
2.0
6.5
-2.7
3.6
6.4
-7.5
4.7
-0.1
1.6
18
19
20
21
22
23
7
•
•
I
9
10
Capllal expemlllwa
Fixed invelllmellt (2)
Change in inveDIDries
11
Net llmndal ' -
12
13
14
15
16
17
18
19
20
21
22
23
Net aequiaden afllmndal -
Checkable deposits and cumncy
Miscellaneous asaets
lnsunnce receivables
F.quity iDvelllmellt in OSEI (3)
Net ...-- In llllblllliea
Credit msda:t inslrlllllents
Bank loans n.e.c.
Other loans and advances
Mort898es
Tracie payables
Propiell>rs' netiDvestment
( 1) Coipomte and nom,oq,onte ram..
(2) Nonresidourlal plant and equipmem, lh:>wn OD table F.6, line 11.
(3) Equity in the Farm Credit Sy,tem
I
22
Zl, September 15, 1997
F.105 State and Local Governments, Excluding Employee Retirement Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
Recelpta, NIPA ....
1993
1994
1995
1996
--1991--
1996
QI
Q2
Q3
Q4
QI
Q2
1144.3
11'4.S
'49.1
ffl.O
1043.3
1024.8
104U
1046.7
1054.8
1070-'
1080.4
2
3
4
Tax receipts
Social inaunnce ieceipts
Gmnts-in"'id m:eived
607.8
64.3
172.2
639.9
68.8
1&5.8
676.5
73.4
199.2
709.8
77.3
212.0
743.6
81.4
218.3
731.4
79.7
213.7
742.8
80.9
223.2
746.0
82.0
218.7
754.2
83.1
217.5
767.1
84.2
219.6
772.5
&5.4
222.5
5
Eq,enditlno, NIPA ....
7!8.1
1107.0
152.4
a,5.,
938.0
'20.8
932.6
'44.2
954.S
966.2
'7!.0
5
6
7
Conaumplion expendinm.a
Net inlemst and lnlmfers
603.7
154.5
631.6
175.4
663.9
188.5
698.6
197.3
731.0
207.1
717.6
203.2
727.0
205.6
735.9
208.3
743.4
211.1
751.7
214.5
757.2
217.8
6
7
s.pi-.NlPA"""'
IIU
87.S
96.7
103.1
105.3
104.0
114.3
102.S
100.3
104.7
105.4
II
9
10
+ Conaumplion of fixed capilBI
62.3
56.9
65.5
54.7
69.4
66.8
72.9
59.5
76.2
55.4
75.2
50.3
75.8
58.1
76.5
n.2
- Pemion fund ,nerves
55.2
57.9
78.2
67.1
79.1
60.4
9
10
11
•GNalmJIII
,u
'8.3
".3
llU
llU
1211-'
132.0
123.8
119.6
115.8
12.U
11
12
Grwaln-..nt
122.2
llU
127.1
93.S
100.7
1111.4
".8
'4.3
,0.0
8'.S
104.6
12
132.2
133.4
138-'
147.4
155.8
150.3
1!5.3
156.o
1,u
165.2
165.1
13
-JU
-55.S
-61.7
-71.4
-80.7
-60.S
14
-25.3
-14.2
-111.6
-12.4
-43.3
23-'
15
16
17
18
II
13
Fbred.-
14
Netllmndall...-
_,.,
-13.S
-11.8
-53-'
Net acq. ofllmndal -
13.S
4'.4
-57.6
·"-'
....,
2.2
-5.9
4.6
1.4
-5.0
10.7
2.5
6.0
-15.1
3.0
9.9
-27.0
-2.3
8.5
-1.9
-4.9
9.4
-40.5
-0.7
11.4
-19.6
0.3
7.1
14.1
-4.1
6.2
38.5
5.3
-11.1
28.5
1.3
10.9
23.2
15
16
17
18
Cbocbble depolill and cum,ncy
nme and
depolita
19
Credit madcet illllrumenll
•ving•
Security RPa
1.7
32.6
-55.0
-82.4
-56.2
6.0
-4.4
-150.4
-76.2
-102.2
-12.5
19
5.2
-5.2
-17.4
12.2
3.7
29.7
29.6
0.1
4.4
-66.2
-n.8
11.6
4.6
-94.9
-132.1
37.3
2.2
-62.3
-62.5
0.2
t.8
4.1
-6.4
10.6
2.5
-9.8
-108.9
99.0
1.7
-156.6
-87.6
-69.0
2.7
-87.0
-47.2
-39.8
2.3
-108.9
-70.9
-38.0
2.8
-22.3
-46.6
24.2
20
21
22
23
-I.I
2.9
-0.0
-1.0
5.6
-5.4
-0.9
5.4
2.2
-0.5
5.1
3.3
-0.2
0.3
3.8
-0.2
-1.7
2.0
-0.2
0.9
2.2
-0.2
0.3
4.3
-0.1
1.4
6.8
-0.0
1.8
2.6
0.0
2.4
4.7
24
25
Corpomle equities
MUIUII fund lhlrea
1.5
5.5
1.5
6.5
1.3
7.8
1.6
5.9
1.4
2.0
2.0
3.1
1.3
0.9
0.6
2.0
1.9
2.2
0.9
2.1
1.8
2.7
27
28
Tues ieceivable
0.3
3.6
-3.2
4.8
-6.0
1.0
-9.3
3.7
-4.6
12.2
-5.6
5.3
-4.1
0.9
-3.9
18.7
-1.3
34.5
-I.I
-2.3
29
30
23.4
,z.,
-45.8
-40.7
14.2
41.2
9.0
37.4
8'.4
31
21.1
62.3
-46.4
-42.9
12.7
'"
...,.,
-4.9
24.0
7.7
38.0
-50.8
55.8
35.0
84.2
32
21.3
-I.I
22.3
-0.1
62.9
1.8
61.1
-0.6
-45.3
.2.2
-43.2
·I.I
-41.4
1.2
-42.7
-1.5
14.5
5.0
9.5
-1.9
9.4
-5.3
14.7
-1.7
39.9
5.8
34.0
•l.8
-48.9
4.7
-53.7
-1.9
57.8
14.7
43.1
-2.0
37.1
-4.2
41.3
-2.1
86.4
5.9
80.5
-2.2
33
34
35
36
2.3
0.6
0.6
2.2
1.6
-I.I
3.2
1.0
3.2
2.4
0.2
37
-30.6
-21.7
-27.8
23.0
25.4
10.5
32.2
29.4
29.6
31.3
19.5
38
20
21
22
23
Open market paper
U.S. govemment aecuritiea
24
25
Municipal aecuritiea
Corpo,ale and fomign bonds
Mongage,
26
27
28
29
30
31
32
33
34
35
36
-!5.1
2
3
4
Tmluey
AB•ncy
Mitcellaneoua auell
Net....--ln-
Credit motht illllrumenll
Municipal aecuritie1
Sbott•lerm
Other
U.S. govemment loons
payables
37
Tn,c1e
38
Dio=pancy
(I) Data for retirement funds a,e shown in table F.120.
26
•
23
Zl, September 15, 1997
F.106 Federal Government
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
~lpls, NIPA . . . .
2
3
4
5
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-Qi
Q2
1198.S
127S.l
1374.7
1463.2
1587.6
1526.3
1SB3.8
1598.7
1641.7
1'7S.2
1711.9
490.8
118.7
81.9
507.1
522.6
138.3
87.0
527.3
562.3
156.7
98.7
557.1
605.8
182.1
93.5
581.8
686.7
194.5
95.9
610.6
644.9
192.1
91.7
597.6
688.8
197.2
90.0
607.8
695.7
196.7
91.5
614.8
717.5
192.0
110.2
622.0
746.9
204.8
88.2
635.3
770.7
207.6
92.2
641.4
2
3
4
5
6
Expemlltira, NIPA ....
1479.4
1525.8
1561.4
1637.6
1698.1
1679.9
169S.4
1698.2
1718.7
1730.8
1746.6
6
7
8
9
CoDJUl!lplion expend.itu11,1
451.l
832.5
195.9
447.3
885.8
192.7
443.2
918.2
200.0
443.5
969.3
224.8
451.5
1019.5
227.1
444.6
1008.7
226.6
453.7
1018.2
223.5
454.0
1017.6
226.6
453.6
1033.3
231.8
458.0
1043.9
228.9
464.2
1052.2
230.2
7
8
9
-280.9
-250.7
-1116.7
-174.S
-110.4
-153.6
-111.6
-9'.S
-77.0
-SS.6
.34.7
10
65.9
27.8
67.9
27.9
69.5
28.0
70.9
16.0
71.2
44.1
71.0
77.3
71.4
34.5
71.2
29.3
71.3
35.3
71.4
21.0
71.5
27.6
11
12
Tmmfen, gmnll, ell>.
Net inletell
10
&rpluo,NIPA . . . .
11
12
+ ColllUmption of iixed capi1al
13
•Gnaom111
-242.7
-210.7
-1'5.2
.nu
-83.3
-159.9
-74.7
-S7.6
-41.o
-S.2
9.2
13
14
Gnaln-
-274.1
-220.4
-177.8
-13S.O
-132.7
·19U
-7S.l
-lOU
-157.2
.31.9
18.2
14
o.o
71.1
-0.0
67.0
0.0
66.1
-7.6
68.5
-3.8
71.7
0.0
70.9
-0.0
67.6
-0.5
63.9
-14.5
58.1
0.0
62.0
-26.5
15
16
-351.o
.291.4
.244.8
.1,3.s
-1'7.4
-2'3.6
-1'5.9
-173.6
.Jou
.,o.o
-17.2
17
.23.9
.3,2
-56.0
.JO.I
.8.4
2U
-35.2
-4.6
-23.1
-2.7
-SB.S
18
· lnsumnce and pension reaerves
15
16
Fixedinvelllllenl
Acceu rightl ales
17
Netlllandali-
18
Netacq.erllnondal-
76.9
19
20
21
Gold, SDRI, and official foieign exchange
Checkable depolill and cumncy
lime and
depolill
-1.7
-16.9
-0.7
1.0
20.7
-0.1
•2.7
-21.7
-0.1
6.4
-0.0
0.3
-2.9
11.0
1.4
2.0
22.7
0.4
1.8
-26.2
13.2
-16.3
35.1
-4.1
1.0
12.2
•3.7
-11.2
10.2
0.2
0.6
-29.0
3.4
19
20
21
22
Cledit mamt inllrumen11
-10.4
-17.2
·22.6
-20.4
-20.9
-19.9
-14.3
-25.0
-24.3
-18.7
·12.9
22
23
24
25
Agency aecuritie1
Mortgages
Other loam and advances
0.0
-10.4
-0.0
0.0
-14.2
·2.9
0.0
-12.5
-10.1
0.0
-12.6
-7.8
0.0
-8.6
·12.3
0.0
-9.1
-10.9
0.0
-4.7
-9.5
0.0
-11.0
·14.1
0.0
-9.6
-14.7
0.0
-11.0
-7.7
0.0
-4.0
-8.8
23
24
25
-7.1
-2.6
15.4
-2.6
•l.3
-3.8
.4.2
-8.0
3.3
-0.1
-3.8
-2.5
7.0
2.3
-6.4
5.0
24.8
-5.8
5.5
-11.6
-3.7
8.9
-3.9
0.7
8.7
-0.0
-16.9
9.1
19.5
-11.8
12.0
-25.4
-7.2
26
27
28
327.l
288.2
188.8
173.4
18'.0
292.7
110.7
16U
113.S
87.3
-41.2
29
-2.0
0.2
0.0
0.4
0.0
0.7
2.2
0.6
-0.5
-0.0
0.0
0.0
0.0
-0.0
-1.8
2.3
0.0
-2.3
-2.1
0.-4
0.0
0.2
30
31
304.0
256.1
155.9
144.4
145.0
227.3
62.7
163.2
126.9
81.2
-97.1
32
19.1
284.6
0.2
-0.0
14.7
233.7
7.8
-0.0
8.0
147.7
0.2
0.0
5.1
137.9
1.5
0.0
2.0
144.6
-1.6
0.0
1.6
227.9
-2.3
0.0
3.4
57.1
2.2
0.0
2.6
163.7
-3.1
0.0
0.5
129.7
-3.3
0.0
-3.6
86.2
-1.4
-0.1
-97.2
0.2
0.0
33
34
35
-2.8
27.8
-0.1
3.0
27.9
0.7
0.4
28.0
3.9
5.7
16.0
4.5
3.5
44.1
·3.2
2.7
77.3
-14.5
1.8
34.5
11.7
5.6
29.3
·29.6
4.0
35.3
19.6
4.1
21.0
·17.3
5.7
27.6
22.4
37
38
39
31.3
9.7
32.6
15.4
49.4
32.0
0.4
49.0
116.1
26.7
-9.0
40
-16.9
19.2
-26.7
-5.7
12.9
25.8
-19.6
58.1
-12.9
1.0
-9.6
41
26
27
28
29
•Ying•
Trade ieoeivables
Taxes receivable
Milcellaneous auell
N e t ~ In lillbllltln
30
31
SDR oenificales
T"'81U!)' cunency
32
Cffllit mamt inllrumen11
33
34
35
36
.,
Penoml 1aXe1
Corpomle profill tax accnials
Indirect laxes
Social ins11tance receipts
1993
37
38
39
Savings bonds
OtberTrealllll)' aecurities
Budget agency aecuritin
Multifamily ielidential mortgage•
Trade payables
Imunmce and penlion ieaerves
Miscellanooua liabilitie1
40
Di IICffplncy
41
Change in cab balance (I)
o.o
36
Memo:
( 1) Time and
•Ying• depolill (line 21) plus cbecbble depollit and currency liabilities of the monetary authority and commeroial milking ,ectors (IBble F.204, lines 3 and 7).
24
Zl, September 15, 1997
F .1 (fl Rest of the World
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
2
3
4
Fontan in...... hm U.S.
U.S. imports from abroad
U.S. fac1Dr paymon111D fomgn
Net tmnsfen 10 fomgn
5
6
7
8
Fontano....:,slo U.S.
9
G.... a .... (1)
10
11
U.S. exports to fon,ign
U.S. fac1Dr receipts from fon,ign
Net capital gran11 from fomgn
Netlkandallmeolmmt
Net acqwltlon ofllmndal -
1993
1994
1995
1996
--1991--
1996
QI
Q2
Q3
Q4
QI
Q2
1193.o
933.2
218.2
41.6
1217.7
958.7
224.3
34.7
1255.3
977.6
242.3
35.4
1286.2
993.2
245.6
47.4
1318.7
1021.0
262.5
35.2
13".3
1047.9
279.9
36.5
1
2
3
4
827.8
669.0
126.8
32.0
888.0
719.3
132.1
36.6
1017.7
812.1
168.3
37.3
1155.6
217.6
33.6
1238.1
965.7
232.6
39.8
m.J
639.4
137.9
0.0
809.5
658.6
150.8
0.0
897.7
721.2
176.5
0.0
1041.2
818.4
222.8
0.0
1105.2
870.9
234.3
0.0
1076.2
850.2
226.0
0.0
18'2.l
865.0
227.1
0.0
10,9.1
863.7
235.4
0.0
1153.4
904.6
248.8
0.0
1170.4
922.2
248.2
0.0
1215.8
958.7
257.1
0.0
5
6
7
8
50.4
78.6
120.0
114.4
132.9
nu
125.6
156.2
132.8
U8.3
148.5
9
904.5
113.4
104.0
1'0.2
15'.3
212.4
60.3
243.7
353.9
191.8
231,0
243.9
10
210.4
317.8
291,0
431.9
517.3
420.0
4'1.2
5'4.0
624.2
615.8
553.6
11
12
12
13
14
15
16
Gold and SDR1 (2)
Net interllank aaell
U.S. cbockable deposi11 and cumncy
U.S. time deposill
Security RPs
2.3
50.3
14.9
-I.I
20.9
-0.5
45.6
18.6
6.8
16.9
-0.4
92.8
25.2
1.5
-12.0
-0.8
11.1
13.4
-6.6
21.0
0.4
-53.0
19.9
6.3
3.2
-0.8
-61.9
-14.0
11.0
19.6
-0.5
-43.8
34.0
-6.8
15.4
3.4
-111.5
22.1
28.3
0.3
-0.6
5.1
37.3
-7.3
-22.5
0.3
-85.2
18.1
9.7
52.2
-0.5
-21.9
26.2
7.0
-2.7
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Credit mamt in11rumon11
Open marltet paper
U.S. govemment aecurities
Official
Tn,uuey
98.4
1.6
73.9
22.4
18.5
3.9
51.5
37.1
14.3
18.1
4.9
129.3
5.9
108.7
53.0
49.0
4.1
55.7
24.4
31.3
30.4
-15.8
132.3
6.0
86.7
40'}.l
11.1
315.8
115.6
111.3
350.0
268.9
-49.9
45.4
30.8
6.1
49.9
34.3
15.6
38.0
1.6
273.9
18.6
197.2
72.7
69.0
3.7
124.5
99.5
25.0
58.1
0.0
200.1
155.6
44.6
78.3
4.0
332.2
222.6
222.4
0.2
109.6
52.0
57.6
74.2
-6.5
140.8
-8.5
-13.5
5.0
1411.3
126.6
22.6
75.4
7.3
485.4
20.9
329.0
106.8
101.9
4.9
222.2
173.6
48.6
88.7
«;.8
532.2
28.0
«;I.I
141.7
134.3
7.4
319.5
270.1
411.4
74.8
-31.7
366.3
-30.6
316.7
95.8
93.2
2.6
220.9
191.2
29.7
86.2
-6.0
306.3
29.6
191.3
-31.2
-33.8
2.6
222.5
184.0
38.6
80.9
4.5
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
U.S. corpomte equities
Tmde receivables
Security credit
Miacellanooua aaets
Fomgn clim:t investment in U.S. (4)
Other
-5.6
3.0
0.0
27.4
17.9
9.4
20.9
4.5
0.0
75.6
49.0
26.6
0.9
2.1
0.0
48.6
45.7
2.9
16.6
0.6
0.0
102.7
67.5
35.2
12.2
6.4
0.0
112.8
77.0
35.8
13.3
3.7
0.0
98.9
63.5
35.4
26.1
-0.1
0.0
167.8
69.8
98.1
-3.2
12.6
0.0
126.5
103.9
22.6
12.8
9.2
0.0
57.9
70.6
-12.8
26.5
7.3
0.0
220.6
122.6
98.1
90.4
9.2
0.0
139.6
115.5
24.1
28
29
30
31
32
33
97.0
213.8
130.8
275.5
304.9
39.7
217.5
210.0
432.4
384.8
38'.7
34
·1.6
-3.4
0.8
-18.5
-5.8
52.9
8.8
35.3
-6.3
82.0
-0.9
100.8
1.6
3.0
-26.6
119.7
0.7
104.5
-17.6
188.6
0.4
79.0
35
36
23.7
5.2
16.8
2.3
1.0
0.7
0.6
0.2
-0.7
70.4
-9.0
82.9
0.7
-1.0
1.2
0.5
-I.I
-3.1
-15.2
-27.3
12.2
1.4
-0.2
0.0
1.6
-1.3
-0.3
71.2
13.6
411.7
8.5
0.4
2.1
5.9
-0.8
0.3
70.1
10.9
411.4
9.1
0.3
3.4
5.4
-1.0
1.8
53.2
-5.4
47.7
8.7
-1.4
4.9
5.2
-1.5
3.8
35.4
8.9
11.2
15.1
4.4
3.9
6.9
1.0
-0.9
106.0
37.8
60.2
4.7
-0.5
-1.8
7.0
-2.0
5.4
85.7
2.2
78.5
7.8
-1.2
6.5
2.5
-1.6
-1.2
27.2
16.2
11.0
-0.6
-3.5
-2.3
5.2
-1.7
2.4
50.7
10.0
29.7
11.0
0.2
-1.2
11.9
-0.6
0.6
37
38
39
32.4
1.2
0.0
44.8
1.4
0.1
40.1
3.2
63.4
3.3
0.0
94.2
I.I
0.3
77.9
14.8
48.1
3.6
0.0
47.2
1.4
0.2
69.3
-23.7
50.4
5.7
0.0
104.1
1.5
-0.1
86.7
16.0
58.8
-2.3
0.0
102.7
1.8
-0.1
87.8
13.2
90.1
-11.2
0.0
127.7
1.8
0.6
88.8
36.5
70.1
-5.2
0.0
112.6
1.4
-1.0
94.5
17.7
32.7
-1.5
0.0
-20.2
1.7
-0.3
44.4
-66.0
42.3
8.6
0.0
190.7
2.3
0.4
123.5
64.5
47.0
5.1
0.0
134.5
1.7
0.1
105.7
27.0
55.6
0.1
0.0
123.8
1.5
-0.0
116.3
6.0
«;
47
48
411
50
51
52
53
34
Asency
Private
Treasuzy
Asency
U.S. corpomliO bondl (3)
Loam 1D U.S. corpomte business
N e t ~ In llabllltleo
U.S. official fon,ign exchange
and net IMF position
U.S. private deposits
35
36
Credit mamt instrumen11
O>mmorcial paper
37
38
39
Bondi
Bank loam n.e.c.
Official
Banks
Other
U.S. govemment loam
A<:ceplllnoo liabilitie1 1D bankl
40
41
42
43
44
45
«;
47
48
49
50
51
52
53
Fomgn corpomte equities (5)
Tmde payables
Security debt
Miacellanooua liabilities
U.S. equity in IBRD, e11C.
U.S. govemment deposill
U.S. direct investment abroad (3,4)
Other
36.8
4.4
13
40
41
42
43
44
45
54
Di11Crepancy (R)F basis) (6)
-63.0
-25.5
-40.3
-42.0
-79.6
56.5
-118.1
-197.7
-59.0
-82.7
-95.4
54
55
56
57
58
Memo:
Net U.S. exports, NJPA basis
+ Net U.S. fBC1Dr income (T)
• Net tnlnsfer paymmll 1D fon,ign
+ Net capital gmnts received
• Net l'oreip I n - In U.S.
-29.6
11.1
32.0
0.0
-60.7
18.7
36.6
0.0
-90.8
8.2
37.3
0.0
-86.0
5.2
33.6
0.0
-94.8
1.7
39.8
0.0
-83.0
7.8
41.6
0.0
-93.7
2.8
34.7
0.0
-113.9
-6.9
35.4
0.0
-88.6
3.2
47.4
0.0
-98.8
•14.3
35.2
0.0
-89.2
-22.8
36.5
0.0
55
56
57
58
-50.4
-78.6
-120.0
-114.4
-132.9
-116.8
-125.6
-15'.2
.132.8
-148.3
-148.5
9
9
(NIPA ....)
l lllUlW line 5; also equal to line 59 withtbe signrew,ned.
(2) U.S. net sale,, 1ignrevened.
(3) Tmough !992:Q4. corpome bond, inclwe oe1 i11ue1 by Netberlando Aillillcan finlncial 1ul»idiaries; U.S. direct inw,1tmem abroad excludea net inflows from those bond illues.
(4) Direct inve1tmcD1 U valued on a CUITOd""°"I baois. ExcJweo capilal pin, and loue1.
(5) locludea American Dcpooituy R<ceip11 (ADRI).
(6) Balanoo of paymedl discrepaD:y adjuoted to NIPA oonccpll and to incorpomte foreign boldmg1 ol U.S. cumooy.
(7) Comitcl of net re.oeipll from foreignen of iderett, corpomte profiu, and employee co-lion. F.qualo differcDce between ONP and ODP.
(1) Line
ll
25
Zl, September 15, 1997
F.108 Monetary Authority (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
Ql
•
Q2
Q3
Q4
--1997-Qi
Q2
Gnaaffll(I
1.0
0.1
-2.6
-1.2
2.o
1.8
1.8
u
u
1.8
1.8
2
Flllld ......idadlal lmeltmo•
0.3
0.3
0.2
0.3
0.5
0.5
0.5
0.5
0.5
0.5
0.5
2
3
Net acquladen efllmnclal-
17.1
42.1
28.2
19.7
23.2
.2.9
-0.4
52.S
43.S
5.2
48.1
3
4
5
6
Gold and fon,ign exchange
SOR cettificates
Treuury cum,ncy
-2.2
-2.0
0.4
0.4
0.0
0.6
-2.6
0.0
0.9
3.2
2.2
1.0
-3.8
-0.5
1.0
-2.1
0.0
I.I
0.3
0.0
1.0
-13.6
-1.8
I.I
0.3
0.0
0.7
-o.7
-2.1
0.8
0.3
0.0
0.7
4
5
6
7
8
9
Fedeml Reserve float
Fed. Res. loans to domestic banks
Security RPI
2.5
0.5
-7.8
-2.3
-0.6
5.1
-1.6
0.1
-2.6
0.8
-0.1
3.3
4.2
-0.1
7.7
-0.3
-0.4
-12.6
-0.9
2.4
-14.3
3.3
4.1
34.9
14.6
-o.3
22.9
-19.3
15.7
-19.3
4.0
•8.4
.4.2
7
8
9
Cffdit n.mt inslrumenll
27.9
36.2
31.5
12.7
12.3
17.5
11.7
11.5
8.4
37.4
47.2
10
0.0
27.9
28.5
-0.6
0.0
0.0
36.2
37.0
-0.8
0.0
0.0
31.5
32.5
-1.0
0.0
0.0
12.7
13.7
-1.0
0.0
0.0
12.3
12.7
-0.4
0.0
0.0
17.5
17.9
-0.4
0.0
0.0
11.7
12.3
-0.6
0.0
0.0
11.5
11.8
-0.3
0.0
0.0
8.4
-0.3
0.0
0.0
37.4
38.3
-0.9
0.0
0.0
47.2
49.2
-2.0
0.0
II
12
13
14
15
10
11
12
13
14
15
16
17
Acceplallces
U.S. sovemment securities
Treuury
As•ncy
Bank loans n.e.c.
Miocellaneous assets
Net~lnllllllllllea
8.8
-2.2
2.6
2.6
-3.3
2.3
-o.l
-0.6
13.1
2.9
·1.3
8.5
16
16.7
41.8
28.0
19.S
22.7
-4.7
-1.8
52.9
44.3
1.6
47~
17
18
19
Deposill>ly institution IIO&ervel
Veult calh of commen:ial banks
2.7
-1.7
2.9
0.8
·4.2
5.5
-1.2
2.4
-5.1
4.6
-18.9
-o.5
13.5
-0.6
·10.1
16.0
.4.9
9.5
-9.7
·13.2
18.3
-1.0
18
19
20
21
22
23
Cbocbble deposits end cumency
Due to fedeml savemment
Due to rest of !bl! world
Cumncy outside banks
17.6
-10.3
-0.7
28.7
37.1
7.2
0.1
29.8
25.3
-7.7
-0.1
33.1
17.0
-1.2
0.2
18.0
23.5
1.7
-0.1
21.8
28.4
15.8
-0.6
13.3
-13.1
-35.2
0.1
21.9
46.3
22.6
0.5
23.1
32.3
3.7
-0.2
28.8
36.1
4.8
3.2
28.1
22.0
I.I
-2.7
23.6
20
21
22
23
24
25
Miocellaneous liabilities
Fedeml Reserve Bank ltocic
O!bor
-1.8
0.4
-2.2
1.0
0.3
0.6
1.3
0.3
I.I
1.2
0.3
1.0
-0.3
0.6
-1.0
-7.8
0.3
-8.1
-1.6
0.4
-2.0
0.7
1.6
-0.9
7.4
0.3
7.1
-11.6
0.6
-12.3
8.7
1.2
7.5
24
25
0.3
-0.5
·3.1
-1.7
1.0
-0.4
-0.1
1.7
2.2
-2.3
I.I
27
26
27
Diocrepancy
(I) Auets and liabilities of Fedeml Reserve Banks end Treallll'Y monetary accounts that supply or abaorb banlc reserves. Excludes !bl! accounts of !bl! Fedeml Reserve Bceid.
26
26
ZI, September 15, 1997
F.109 Commercial Banking (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1
G ........
2
F1Dd ........ienlial imeamont
3
Net acquultlen efllnandal -
4
5
6
Vault caab
Reserves at Fedeml Reserve
Checkable depositB and currency
7
Total bank credit
38.6
Y,.7
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
34.0
39.5
41.5
40.3
42.0
41.7
42.1
40.2
39.8
1
18.8
19.6
17.0
17.2
17.0
16.4
16.8
17.4
17.5
17.6
18.3
2
183.6
246.4
237.6
339.1
216.6
159.5
271.5
131.6
303.8
434.7
'50.7
3
.1,7
2.5
-0.5
0.8
2.5
-0.3
5.5
.3.5
0.4
2.4
-I.I
0.2
4.6
-4.6
-0.2
-6.5
·18.9
-0.8
-0.6
14.3
0.4
16.0
.9.2
-0.3
9.5
.4.7
-0.1
-13.2
-9.1
0.1
·l.O
18.3
-0.4
4
5
6
115.2
162.6
156.8
273.4
190.2
143.8
162.5
1n.2
2n.1
371.7
361.2
7
104.7
61.9
42.8
72.5
27.8
44.7
-26.2
-31.8
5.5
27.0
-11.7
38.7
11.2
-17.0
28.2
-7.9
-23.2
15.3
21.6
11.9
9.7
-16.0
-24.6
8.6
46.9
-32.3
79.2
96.3
37.5
58.8
15.0
-39.1
54.1
8
9
10
8
9
10
U.S. govemment aecurities
11
12
Municipal aecurities
Corpomte and fon,ign bonds
-5.7
-1.6
1.7
3.5
-1.6
4.3
-4.2
8.4
0.9
1.4
0.4
-4.7
·l.6
2.7
-0.3
1.0
5.0
6.7
1.1
20.0
0.5
15.0
11
12
13
14
15
16
17
18
Total loans
Open mamt paper
Bank loans n.e.c.
18.5
-1.4
-9.3
19.2
-6.9
16.9
83.6
-1.9
-8.6
47.3
34.2
12.7
183.7
-1.5
62.8
64.9
63.2
-5.7
239.8
-0.1
113.0
44.8
4.6
174.6
0.8
95.7
55.1
21.7
1.3
154.7
1.7
73.5
56.7
4.3
18.5
138.7
-4.7
105.4
29.5
29.7
-21.4
191.0
-2.3
139.5
40.8
29.4
-16.4
214.2
8.4
64.5
93.4
23.3
24.5
254.4
-6.4
148.3
83.8
-25.6
54.2
327.2
-0.4
146.6
129.5
20.1
31.4
13
14
15
16
17
18
19
20
Corpomle equities
-0.4
-0.4
0.9
0.5
-1.4
-1.9
2.1
0.3
1.8
0.3
0.7
0.6
1.7
-0.6
1.9
-0.3
2.7
1.5
-18.0
17.9
-1.4
5.0
19
20
-3.6
71.7
-6.4
87.2
-2.4
80.7
-0.6
64.8
1.0
25.6
2.0
39.8
-3.0
97.9
4.0
-56.3
I.I
21.0
1.9
83.3
3.9
268.7
21
22
21
22
Treuwy
Agency
Mongage1
CoDIUIDer credit
Security credit
Mutual fund aballOI
Cua!Dmen' liab. onaa:epllmees (2)
Milcellaneoua auets
n.s
23
Net - - - In lillbllltln
184.8
241.1
255.2
300.5
202.5
'1.3
334.7
77.6
301i.3
457.3
53"1
23
24
25
26
27
Net inlemank liabilities
To monelary authority
To domelllic banks (3)
To fon,ign banks
48.4
3.0
-4.9
50.3
46.9
-2.9
4.2
45.6
88.5
-1.5
-2.7
92.8
8.7
0.7
-3.1
11.1
-52.2
4.1
-3.3
-53.0
-53.2
-0.7
9.3
-61.9
-64.7
1.5
-22.5
·43.8
-108.4
7.4
-4.4
-111.5
17.6
8.3
4.2
5.1
-62.3
-3.6
26.5
-85.2
-51.2
-4.4
-24.9
-21.9
24
25
26
27
28
29
30
31
Checkable deposits
Federal govemmont
92.8
-5.9
2.3
96.4
74.1
12.1
-0.4
62.4
-31.7
-18.9
1.9
•14.7
-45.9
.4.7
0.8
-42.0
-34.6
9.7
2.6
-46.9
-47.4
9.6
•3.7
-53.3
-11.9
2.4
15.9
-30.2
34.9
39.5
-8.0
3.3
-114.0
-12.8
6.3
-107.4
19.4
-4.0
0.9
22.5
5.0
-14.0
9.7
9.3
28
29
30
31
32
33
34
Smlll time and ..ving, deposits
Large time deposits
Federal funds and aecurity RPs (net)
2.7
-66.8
18.2
-11.9
-21.0
41.5
-1.1
21.3
78.2
113.7
54.8
30.5
122.9
105.1
41.1
209.4
24.7
45.0
83.8
79.9
80.5
150.6
16.4
156.8
137.2
43.3
188.4
36.6
78.1
77.2
166.9
91.2
32
33
34
35
Cmdit mamt instrumonts
10.0
13.4
20.1
22.5
11.7
.34.2
40.5
14.7
25.7
16.1
83.0
35
-7.7
14.5
3.2
-2.5
7.2
8.6
3.1
7.7
9.3
·2.2
18.5
6.2
2.9
7.8
1.0
3.5
-20.7
-16.9
12.6
22.5
5.3
-I.I
10.7
5.1
-3.6
18.6
10.6
2.2
12.0
1.8
14.6
38.2
30.2
36
37
38
20.2
0.2
59.0
7.3
0.5
90.4
-3.3
0.7
82.4
-8.7
0.9
124.0
-14.3
1.2
21.6
-10.6
I.I
-47.4
-10.8
I.I
171.9
·21.2
1.2
-91.1
-14.8
1.3
53.0
-52.7
1.3
232.4
-30.8
1.4
196.4
39
40
41
21.0
11.7
34.6
-16.2
10.4
-44.3
88.5
-29.7
27.1
45.2
·90.1
42
95.3
142.2
163.4
265.9
187.8
126.0
179.7
196.1
24!1.4
319.6
330.1
43
36
37
38
39
40
41
42
Rest of the world
PriVB1" domeotic
Open mamt paper
Corpomte bonds
Other loans and advances
Corpomte equity iuues
Taxes payable
Milcellaneoua liabilities
Di11Clepancy
.w.o
Memo:
43
Ctedit mamt funds advanced (4)
(1) U.S.-cbutered coamen,ial bonb, fon:ign banking officel in U.S., bank b:,lding compallie1, and banks in U.S...tf'tliated .-.. IBFs a1< ..eluded from domestic bonlw,g and treated tho
amc u brancla in foreign coumies.
(2) Included in other loam and ldvUIOCI (table F.216).
(3) Floota and ducreponciel in irterbank traDlaetiom.
(4) Total bank cr<dit (line 7) leN security =<lit (line 18) leN corporate equities (line 19) ,... mltUII fund
,bare, (line 20) plm Cllltomen' liability OD aa:eptame, (line 21).
•
.
27
Z.J, September 15, 1997
F.110 U.S.-Chartered Commercial Banks
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
.
Q3
Q4
--1997-QI
Q2
o.- .....
28.4
19.7
8.2
10.7
3.4
8.7
11.3
.s.1
-1.3
SJl
.....
2
Fixed .........._.. imellmonl
16Jl
17.1
14.0
13.9
13.4
12Jl
13.2
13.7
13.7
13.8
14.4
2
3
Net acquilitien ofllmndal -
76.1
166.7
160.1
203.9
123.9
111.3
loN.2
124.8
113.3
316.o
327.li
3
1.1
3.0
2.0
1.5
-0.3
-23.8
13.2
6.6
2.9
-20.4
15.9
4
71.9
157.5
140.5
194.8
115.2
69.3
105.6
109.3
176.7
232.4
311.9
5
85.5
46.6
38.9
1.8
33.3
3.8
56.8
20.6
36.2
17.6
I 1.1
7.5
-25.2
-17.J
-40.4
23.4
12.9
-18.4
-19.4
-34.7
15.3
21.4
-11.5
5.4
-33.5
-41.4
7.9
38.2
-14.9
-15.4
-1.0
-5.8
4.9
19.2
-25.5
11.2
-27.9
-23.6
-4.3
~.I
-4.5
6.4
-15.2
~7.7
52.6
34.5
.J.2
19.4
20.4
-16.5
37.0
29.3
11.6
-4.0
34.0
-3.2
37.2
18.1
3.1
16.0
6
7
9
10
11
-5.7
-3.2
0.3
~.6
3.1
1.9
0.1
0.9
-1.8
1.0
-2.0
-0.6
-1.1
1.7
-1.2
.4.3
3.3
0.9
3.5
1.0
0.0
-9.6
0.6
-12.9
2.7
1.3
10.7
-2.7
-1.7
-I.I
-1.6
-2.7
-0.6
-1.7
-0.3
5.3
-5.8
-0.4
-3.1
-1.0
0.3
0.3
-0.5
3.7
-2.9
0.8
9.9
-0.5
-3.1
13.6
12
13
14
15
16
171.5
-1.3
46.0
68.1
63.2
-4.6
210.5
0.3
75.3
81.7
44.8
8.3
136.0
0.3
61.3
57.6
21.7
-4.8
100.9
0.7
41.1
62.9
4.3
-8.1
109.7
-2.7
64.6
32.8
29.7
-14.8
145.2
-1.9
84.9
40.6
29.4
-7.8
188.1
54.7
93.8
23.3
11.4
116.9
92.3
-25.6
22.6
263.6
-0.2
117.8
137.3
20.1
-11.5
17
18
19
20
21
2.1
0.3
1.8
0.3
0.7
0.6
1.7
-0.6
2.0
-0.3
2.7
1.5
-18.0
17.9
-1.4
5.0
23
24
2.4
4.0
4
Vault caob and iraerves at Federal Reaerve
5
Total bank credit
6
7
8
9
10
II
U.S. govemment IIOCUrilies
12
13
14
15
16
Municipal IIOCUrities
Corpomlle and foirign bonds
Private mongage pool IIOCUriliea
Privately iloued CMOs
Other bonds
17
19
20
21
22
Total loons
Open marlcet paper
Bank loons n.e.c.
Mongages
Conswner credit
Security credit
-4.1
-1.6
-19.7
21.1
~.9
3.1
97.3
-1.0
7.5
23
24
Corpomle equities
MUblll fund llboirs
-0.4
-0.4
0.9
0.5
-1.4
-1.9
-0.1
3.2
-2.4
8.6
-0.2
17.9
5.3
1.6
7.4
2.1
63.7
2.6
24.8
5.0
-2.2
~4.0
2.3
101.7
2.1
-2.2
25
26
85.0
17S.7
1,u
189.7
142.S
112.S
153.0
3'8.0
244.4
27
29.1
-2.3
-0.6
13.3
18.7
79.0
-1.6
0.1
-55.1
74.8
~.8
0.8
-0.1
-7.3
-0.2
""
235.1
12.8
4.2
-0.1
-23.5
-36.3
-108.1
-0.3
-0.4
-58.5
-48.9
-46.9
-0.9
2.4
-1.6
-46.8
-75.0
3.3
4.1
-24.2
-58.1
7.2
14.6
~-3
-9.7
8.6
7.2
-19.3
15.7
22.8
-12.0
-80.4
4.0
-8.4
-15.4
~.7
28
29
30
31
32
-32.2
-18.9
1.5
-14.9
-46.0
-4.7
0.9
-42.l
-34.4
9.7
3.3
-47.4
-46.3
9.6
-1.9
-53.9
-13.5
2.4
12.9
-28.8
37.5
39.5
-4.8
2.8
-115.3
-12.8
7.0
-109.5
19.0
-4.0
1.3
21.7
1.9
-14.0
7.1
33
34
J.7
96.9
73.8
12.1
-0.3
61.9
8.9
36
2.1
-76.2
17.4
-10.9
-20.0
45.4
-0.7
17.9
71.7
113.3
42.6
28.3
122.8
49.5
28.7
209.7
30.4
12.7
46.1
63.7
56.7
81.6
65.0
16.4
153.7
39.1
29.1
146.2
43.4
90.3
72.0
92.4
37
38
39
-0.3
3.4
9.3
1.8
0.7
2.3
2.7
6.2
2.6
0.9
(.7
7.7
1.0
3.2
1.2
2.2
7.5
-16.9
3.2
2.4
9.8
5.3
3.2
I.I
I.I
4.0
2.7
5.1
2.9
1.2
-1.9
10.7
10.6
3.3
1.3
2.2
4.6
1.8
0.7
1.3
2.2
7.9
30.2
3.5
1.4
40
41
42
43
44
18
25
26
27
Treuuey
Agency
Mongage pool aecuritiea
Agency-iloued CM01
Other agency securities
Cullomers· liab. on aoceplllDCOI (I)
Milcellaneous auets
Net......_ In llablltles
28
29
30
31
32
Net inled,ank liabililie1
Federal Reserve floot
Bomn•ins fmm Federal R-ive banks
To domellic bankins
To foirign banks
33
34
36
Cbockable deposits
Federal govemment
Rest of the world
Private domestic
37
38
39
Large lime deposits
Federal funds and IIOCUrity RP, (net)
35
40
41
42
43
44
45
•
Q2
46
47
48
Smon lime and 11vms, deposits
2.5
0.5
14.6
-4.8
92.8
-5.9
52.6
34.2
4.1
-211)
1.8
9.1
-14.4
7.1
5.6
28.8
-4.5
-0.9
-1.6
-3.3
IS.I
~-·
200.1
5.0
22.5
8
22
35
Ac<leptance liabilitie1
Corpo11111e bonds
Other loan, and advances
Corpomle equity illUOI
Taxes payable
-0.1
8.4
3.2
4.3
0.2
-2.5
3.6
8.6
J.9
Miacellaneous liabilities
Invellment by bank holding componies
Other
20.1
27.8
-7.6
46.2
31.6
14.6
48.8
43.6
40.1
3.5
16.9
28.6
-11.7
-26.0
16.7
-42.6
107.2
54.0
53.2
-29.0
13.3
-42.4
15.3
30.4
-15.2
119.2
56.9
62.3
22.9
49.0
-26.1
45
17.5
31.3
20.5
11.7
33.5
-17.5
8.7
-45.9
87.0
-31.1
24.6
44.0
-93.0
48
69.5
149.6
148.J
186.5
119.6
78.3
121.9
119.5
158.9
212.3
321.9
49
Diocrepancy
0.5
46
47
Memo:
49
Credit mamt funds advanced (2)
(I) Included inothor loans and odvancea (table F.216).
(2) Total bank credit (line 5) le11 security credit (line 22)
leu corporate equitie1 (line 23) leu mm,aJ fund 1hare1 (line 24) pllll c111tomen' liability on aooeptances (line 25).
28
Zl, Sep<ember 15, 1997
F.111 Foreign Banking Offices in U.S. (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
G.-•'ring
2
3
4
5
1.1
Flnd .............. ime-..
1.3
2.2
2.5
2.7
2.7
Q2
2.7
Q3
2.7
Q4
2.8
--1991-QI
Q2
2.8
2.8
1
1.6
2.1
2.5
2.7
3.1
2.9
3.0
3.1
3.2
3.2
3.3
2
Net acquilitlen ef llmndal -
64A
32.t
47.5
7U
47.5
18.0
55.t
-11.6
127.7
59.3
157.B
3
Reserves at Fedeml Reserve
.0.3
0.3
.0.0
.0.1
0.3
-1.6
0.5
0.3
1.9
-1.9
1.5
4
Total bank credit
34.0
2.8
12.1
74.7
70.0
n.6
411.7
62.4
90.4
129.3
42.2
5
30.9
18.4
12.4
0.0
3.2
29.3
22.0
7.3
0.0
-3.4
22.6
17.0
5.6
0.0
0.8
10.8
.0.7
11.5
0.0
8.3
60.8
35.4
25.3
0.0
6.9
73.2
53.1
20.1
0.0
2.1
-22.1
-32.9
10.9
0.0
.0.7
6
7
8
9
10
64.9
6
7
8
9
10
U.S. govemment securities
Tnoasury
Agency
Municipil securities
Corpomle and fonoign bonds
11.7
8.7
2.9
0.0
1.0
13.9
6.5
7.4
0.0
1.4
-1.9
-3.5
0.0
5.1
43.9
29.6
14.3
0.0
4.6
11
12
13
14
15
Total loens
Open mamt paper
Bank loens n.e.c.
Mortgages
Security credit
21.3
0.2
9.9
-2.7
13.9
-12.5
.0.9
-13.7
-6.5
8.6
9.0
.().2
15.1
-4.8
-1.2
26.2
.0.4
35.4
-5.1
-3.7
36.0
0.5
32.2
-2.9
6.2
51.7
0.9
31.8
-7.7
26.6
26.3
-2.0
38.4
-3.6
-6.6
43.3
.0.3
52.6
.0.3
-8.6
22.8
3.4
6.2
.0.0
13.2
54.0
.().2
28.4
-5.8
31.6
32.2
-10.0
42.9
11
12
13
14
15
16
Corpomle equities
.0.0
0.0
.().0
0.0
.0.0
o.o
0.0
.0.0
.0.0
0.0
0.0
16
-3.6
34.3
-4.0
33.8
·2.1
37.6
-2.9
5.0
.().6
-22.2
.0.1
-57.8
-5.6
11.2
0.0
.74.4
3.2
32.2
.0.4
-67.8
1.8
112.2
17
18
17
18
Cusu>mers' liab. on accepl&DCel (2)
MiJcellaneous
"""'ts
1.5
.().2
1,
Net ....-- In lillbllltla
65.7
34.3
49.2
71A
49.6
20.1
!11.0
.,.s
129.t
'1.6
l'°.l
1,
20
21
22
Net inlerbank liabilities
To fonoign banks
To domes1ic banks
32.3
411.3
-17.0
16.9
29.2
-12.3
11.2
25.8
-14.6
18.7
15.1
3.6
-3.5
-12.5
9.0
14.9
-8.6
23.5
-23.2
-8.9
-14.3
-26.6
.47.5
20.9
20.9
14.8
6.0
-75.4
-94.8
19.4
-42.5
.32.5
-10.0
20
21
22
23
24
25
Checkable deposits
Smsll time and savings dep,si11
Large time dep,si11
.0.6
0.2
9.0
0.0
.().8
.0.8
0.4
-1.1
2.6
.0.1
.0.7
11.0
.0.7
0.1
55.6
.().4
-1.2
17.7
0.7
-2.4
18.9
-3.0
.0.2
86.4
0.0
4.3
99.3
0.0
43.6
15.5
3.4
-11.3
96.6
23
24
25
26
27
Federal funds and security RP• (net)
Acceplllnce liabilities
0.7
-3.8
.4.3
-5.1
6.7
-2.6
1.8
-3.1
12.0
.0.7
11.4
.0.4
23.3
-5.3
.().6
0.0
13.8
2.9
33.9
0.8
.0.7
2.3
26
27
28
29
30
31
MiJcellaneous liabilities
Foreign di!ect investment in U.S.
Due to aff""ilia1e1
Other
28.0
2.7
-8.8
34.1
28.5
2.2
2.3
24.0
32.0
3.4
13.2
15.3
50.9
6.4
3.0
41.5
-13.2
0.3
-14.6
-22.0
3.1
4.0
-29.1
46.1
-10.0
-2.6
58.7
-65.6
3.2
2.4
-71.2
-11.2
4.9
0.4
·16.6
43.1
3.1
7.0
33.0
112.3
3.2
6.5
102.5
28
29
30
31
0.8
0.7
1.3
1.7
1.8
1.7
1.8
1.7
1.8
1.9
1.9
32
16.5
-9.8
11.2
75.4
63.3
50.8
50.7
71.1
80.5
97.3
1.1
33
32
Oiacrepancy
1.1
"·
Memo:
33
Cmlit -lbt funds advanced (3)
(I) Bmncbe• and agenciea offon:ign bonks, F.dge Ad
and Agreemeu corporatioDI, New Yori< invettment ~ - (through 1996:Q2), and Ameri<u Expreu Bank.
(2) locluded in otherlo,u,und advance, (table F.216).
(3) Total bankcmlit (line 5) )auecurity =di! (line 15) Jett corporateequi1iea (line 16) plua C\lltomen" liability o n ~ (line 17).
•
29
Z l, September 15, 1997
F.112 Bank Holding Companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Q3
Q4
--1997-QI
Q2
Gnm•TIIII
9.1
15.6
23.4
2'.2
35.3
28.8
27.8
'3.9
40.S
31.S
32.2
2
Find nonnlidentlal imntmenl
0.3
0.4
0.4
0.4
0.4
0.4
0.4
o.s
o.s
o.s
o.s
2
3
Net acquialien ofllmndal -
40.S
45.1
2'.2
52.6
44.0
29.6
'6.8
16.2
63.S
49.S
1'S.S
3
5.6
-0.0
0.9
-0.3
3.9
-5.1
5.4
4.8
10.5
2.2
5.1
4
4.9
5.1
-0.2
0.3
0.4
0.1
-0.8
0.9
1.7
-1.8
1.0
-0.7
1.7
-0.1
-0.1
-1.3
-1.2
-0.2
0.6
0.4
0.9
0.6
0.3
2.8
0.2
-2.2
-2.4
0.2
-1.4
-1.5
0.3
-0.1
0.3
4.8
0.3
1.6
2.2
-0.5
2.6
0.6
3.8
2.8
1.0
5.3
1.4
-3.3
-1.8
-1.5
7.1
-1.6
-0.1
-2.7
2.6
5.3
-0.2
6
7
8
9
34.8
27.8
2.3
4.8
45.2
31.6
13.0
0.5
25.3
17.5
0.2
7.7
53.0
40.1
8.2
4.6
40.1
28.6
0.3
11.3
34.7
16.7
14.1
4.0
61.4
54.0
11.3
-3.9
11.4
13.3
-7.8
5.9
53.0
30.4
-16.6
39.1
47.3
56.9
31.5
-41.0
160.5
49.0
96.5
15.0
10
11
12
13
4
...
Q2
5
6
7
8
9
10
11
12
13
Credit immt inslnlmonts
U.S. govemment securities
Treasury
A3ency
Corpomle and foreign bonds
Bank loans n.e.c.
Miocellanoous asaets
Investment in bank aubsidiaries
Investment in aonbank aubsidiaries
Other
5
14
Net . - - In liabllllletl
31.6
2,.S
3.2
26.8
,.:z
1.2
lJ.4
-27.3
23.4
18.4
133.7
14
15
16
17
Net inlerllank liabilities
To clomo,ltic banks
To foreign banks
3.4
-2.5
5.8
0.9
3.2
-2.3
-1.7
6.2
-7.8
-3.2
0.6
-3.8
7.0
11.2
-4.1
40.0
44.4
-4.4
5.5
-6.5
12.0
-6.9
-1.0
-5.8
-10.4
7.9
-18.3
5.9
-15.6
21.5
71.8
0.5
71.3
15
16
17
18
F<odenl funda and security RPs (not)
0.2
0.4
-0.2
0.4
0.4
0.6
-0.1
0.6
0.4
0.8
-0.6
18
19
20
21
Credit immt inslnlmonts
Commercial paper
2.3
-3.9
6.1
8.8
14.4
-1.4
15.8
2.0
1.9
0.1
-26.6
1.6
-28.2
28.3
15.5
12.7
2.9
-5.1
7.9
-4.5
3.6
10.3
5.9
4.3
3.5
5.2
8.0
6.6
-0.8
7.4
40.2
10.0
30.2
19
20
21
22
23
24
25
Corpo1111e equity iuues
15.9
9.9
22.1
-12.2
5.4
14.2
22.0
-7.8
-5.1
-0.2
-7.6
7.5
-11.3
26.6
12.7
13.9
-17.5
17.3
-11.9
29.2
-13.8
I.I
-19.7
20.9
-14.0
19.8
17.3
2.5
-24.1
0.2
-29.5
29.7
-18.0
48.0
-15.8
63.8
-53.4
58.4
-29.2
87.7
.34.3
56.5
10.8
45.7
22
-0.1
-0.1
-0.0
-0.0
-0.1
-0.0
-0.1
-0.1
-0.1
-0.1
-0.1
26
26
Corpo1111e bonds
Miocellanoous liabilities
Equity' etc.
Other
Diocrepancy
23
24
25
F.113 Banks in U.S.-Afftliated Areas (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
•
Gnm•TIIII
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
2
Find nomeadolntlill ilmllmenl
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
2
3
Net acquWtlen •f llmndal -
2Ji
1.7
3.7
5.9
1.1
o.s
2.6
2.1
-0.8
10.0
-0.2
3
-0.5
-0.3
0.4
0.2
-0.2
-0.8
0.4
-0.3
-0.1
0.1
-0.4
4
3.7
2.4
3.3
4.2
1.0
2.1
1.7
0.7
-0.6
7.8
2.0
5
1.7
1.5
0.2
-0.2
0.2
-0.2
-0.6
0.5
0.4
-0.1
1.5
0.2
1.3
0.1
-0.1
-1.2
-1.4
0.2
-0.1
-0.1
-1.5
-1.3
-0.1
0.1
-0.1
-0.3
0.8
-1.2
-0.0
-0.3
-0.5
-2.4
1.9
-0.4
-0.3
-2.5
-2.8
0.3
-0.3
0.3
5.9
2.7
3.2
-0.2
0.2
3.1
-0.2
3.3
-0.4
0.4
6
7
8
9
10
4
Checkable deposits and currency
5
Credit immt inslnlmonts
U.S. govemment securitiea
6
7
8
9
10
Municipal securities
Corpomle and foreign bonds
2.6
1.5
1.1
-0.0
0.2
11
12
13
Bank loam n.e.c.
Home mortgages
Commercial mortgages
0.2
1.0
-0.2
-0.5
1.2
0.1
1.7
0.6
0.9
1.8
1.0
-0.0
1.9
0.6
-0.1
2.1
0.5
0.9
2.1
0.9
-0.6
1.3
1.2
-0.7
2.3
-0.4
0.1
4.7
-0.9
-1.9
-3.3
-1.5
3.7
11
12
13
-0.7
-0.4
-0.1
1.6
0.3
-0.8
0.5
1.7
-0.2
2.1
-1.8
14
14
Treasury
A3ency
Miocellanoous asaets
2.5
1.3
3.S
s.s
1.1
0.4
2.3
1.8
-0.1
"'
0.8
15
16
17
18
Checkable deposits
Stmll limo, and aavinga deposits
l.a'l!• limo, deposits
0.6
0.4
0.4
0.3
-0.2
-0.2
0.1
0.8
0.8
0.2
1.2
1.2
0.5
0.0
0.0
-0.8
0.9
0.9
1.0
1.2
1.2
0.3
-0.9
-0.9
1.3
-1.2
-1.2
0.4
-1.4
-1.4
-0.4
-1.8
-1.8
16
19
Miocellanoous liabilities
1.1
1.4
1.8
2.9
0.7
-0.5
-I.I
3.3
1.0
11.7
4.8
19
-0.1
-0.5
-0.2
-0.4
0.0
-0.1
-0.2
-0.3
0.7
-0.6
1.1
20
15
20
Net i . r - In liabllldn
Diocrepancy
17
18
(I) Commercial banks and branches of U.S.-cbartered commen:ial banks localed in Pue11D Rioo, the U.S. Virgin Islands, American Samoa, o.. m, and other U.S.-aff'ilialed insular ara1L
30
Zl, September 15, 1997
F.114 Savings Institutions (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
1
G. . . •'rinl
2
Fixed ....-aidentW 1mn1mo..
3
4
Q2
Q3
Q4
--1997-QI
Q2
13.4
4.8
5.0
2.8
2.0
4.2
5.0
5.S
4.7
2.1
2.1
1
6.1
4.8
3.8
3.3
3.2
3.1
3.2
3.3
3.3
3.4
3.S
2
Net acqullitlen orllnandal-
-35.1
.Ju
-11.1
0.9
16.l
15.8
25.8
123.7
-101.o
.50,1
31.8
3
6
7
Reserves at Fedeml Reserve
Checkable deposi11 and cunency
lime and avings deposits
Fedeml funds and oecurity RPs
0.1
-0.6
-1.3
-0.6
0.4
3.1
-0.7
-3.9
-0.6
-1.5
-1.8
-4.1
-0.1
1.6
-0.2
4.8
-0.5
-1.3
0.3
-1.2
-0.0
-6.2
-0.4
-0.0
-0.8
-1.3
-0.1
-7.8
-0.9
2.9
1.6
2.6
-0.1
-0.5
-0.1
0.4
-0.6
.4.5
-0.1
-2.6
-0.0
1.2
-0.1
1.8
6
7
8
Cn,dit nmdaot inslrumenll
-79.0
-23.3
6.7
-7.6
19.9
34.1
44.7
4!}.1
-48.8
-3.0
21.1
8
-0.7
7.0
9.0
-2.0
-0.3
-1.5
-5.7
4.2
-0.2
11.5
·I.I
12.6
0.0
-4.1
-8.7
4.7
0.1
.9.5
-1.0
-8.5
0.1
-1.5
1.4
-2.9
0.0
7.8
2.8
4.9
-0.1
-26.3
-7.0
-19.3
0.6
-18.1
-1.3
-16.8
-1.2
-1.4
-1.5
0.1
-0.1
11.4
-2.6
14.1
9
10
11
12
-0.4
7.3
-10.1
-77.4
-4.8
0.1
9.1
-1.6
-29.5
0.5
-0.1
-2.4
-0.5
-2.2
0.6
-0.0
-8.2
2.5
0.6
1.6
0.1
-9.9
3.0
31.6
4.6
0.0
5.3
4.5
23.3
2.3
-0.0
-7.1
1.9
36.6
5.7
0.4
-7.3
6.4
65.2
11.4
0.1
-30.7
-1.0
1.2
-0.9
-0.6
-2.9
1.6
-3.1
4.6
0.4
-2.8
1.7
S.9
4.6
13
14
IS
16
17
0.3
-4.1
1.7
-17.2
-1.8
-8.1
0.7
1.7
0.6
•l.8
3.0
•14.6
-1.1
-8.0
0.0
67.7
0.6
-52.5
-13.2
•26.1
0.9
6.8
18
19
s
9
10
11
12
Openmarbt paper
U.S. govemment oecurities
Treuu,y
Agency
13
14
IS
16
17
Municipal oecurities
Corpo,a11o and fonoign bonds
Other loans and advances
Mortgages
18
19
Consumer cndit
Corpo,allo equities
Milcellan<oua asse11
4
s
20
N e t ~ In llablltln
-92.1
-51.8
-17.8
-3.2
15.4
15.S
2'-0
122.8
-105.S
....,
23.1
20
21
22
23
24
Deposill
Checkable
Small lime and oavings
urge lime
-84.8
-1.4
.75.5
-7.9
-67.4
4.4
-68.1
-3.6
-51.8
-5.4
-44.4
-2.1
-5.7
14.1
-28.9
9.2
-6.5
25.4
-38.1
6.3
0.8
25.3
-30.9
6.3
-29.6
22.5
.41).1
-2.4
66.0
25.1
12.7
28.2
-63.0
28.5
-84.6
-7.0
-11.3
26.1
-45.9
8.6
-27.2
29.8
-64.1
7.2
21
22
23
24
25
Security RPs
-1.0
7.5
18.4
-0.0
-0.9
2.1
19.9
-14.3
-11.2
7.8
1.0
25
26
27
28
29
Cn,dit nmdaot inslrumenll
-7.0
-3.2
-0.0
-3.8
11.3
-1.5
-0.5
13.3
12.8
-0.8
0.9
12.7
2.6
-0.0
S.2
•2.6
26.0
-0.4
1.4
25.0
11.0
-0.8
2.7
9.1
42.1
0.8
-1.9
43.2
26.4
-1.4
-I.I
28.9
24.7
-0.1
5.8
18.9
-14.6
-0.3
4.1
-18.5
33.9
-1.3
36.2
26
27
28
29
30
31
32
33
Taxes payable
Milcellan<oua liabilities
Investment by panont
Oilier
0.2
0.5
-1.0
1.5
0.6
-3.8
0.4
.4.2
-0.9
3.7
-0.0
3.7
0.5
-0.6
0.1
-0.7
-0.1
-3.2
0.2
-3.4
0.4
1.2
0.2
1.0
-1.3
-2.1
0.2
-2.3
0.2
44.4
0.2
44.2
0.2
-56.2
0.2
-56.4
-0.2
.30.5
0.3
-30.8
0.5
15.0
0.3
14.7
30
31
32
33
-5.6
.4.5
-1.9
0.7
5.0
1.3
-14.6
-0.1
-10.1
34
34
Corpomll: bonds
Banlc loans n.e.c.
Oilier loam and advances
Diocrepancy
(1) Savings and loan asaociatiom, 111111W11
0.3
-12.0
-1.1
•
•ving• banlcs, and federal •vin8• banlcs.
•
.
31
Zl, September 15, 1997
F.115 Credit Unions
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
G.-a,...
2
3
,.
Fixed..........._._ lmalment
Net acquWllen ofllnandal -
4
Checkable depolill and cumncy
5
6
lime and saving• depotill
Fedenil funds and security RPs
7
Credit mamt inatrumen11
8
9
10
11
Open lll8IUI paper
U.S. govemment securitie1
12
13
14
15
3.0
3.7
3.8
3.6
3.7
3.6
Q2
3.6
Q3
3.7
Q4
3.8
--1997-QI
Q2
3.7
3.7
1
0.9
1.1
1.3
1.3
1.4
1.4
1.4
1.S
1.S
1.S
u
2
24.7
17.0
11.9
17.1
19.S
38.S
12.0
2.7
24.S
31.4
21.3
3
1.2
0.3
0.4
-0.1
-1.3
-5.1
0.0
-8.9
-2.3
0.9
0.4
0.2
0.1
-0.7
-4.9
0.9
-1.7
-3.6
-12.9
2.1
-0.8
0.8
0.0
7.0
10.7
-0.0
-0.2
-11.2
4
0.2
-0.9
-3.0
-7.8
6
17.7
21.7
28.1
16.2
25.5
23.6
33.0
21.1
24.3
14.0
18.9
7
0.4
14.9
-0.1
4.0
-0.5
-0.3
4.1
-0.9
4.9
-0.9
8.8
4.0
4.8
-0.3
7.9
-1.0
8.9
-0.3
-0.7
-3.3
2.6
0.5
0.2
-3.3
3.5
-0.4
-2.5
-2.0
-0.5
0.9
-4.2
-3.3
-0.9
8
9
10
4.5
-1.6
1.1
-3.8
4.9
9.5
4.5
5
Tiaaury
5.9
A3ency
9.1
-0.7
10.3
2.6
7.7
Home mortgages
Comumercredit
3.3
-0.9
-0.1
12.2
6.1
18.0
4.4
12.3
12.2
5.8
9.8
13.8
11.7
6.7
15.4
11.8
11.9
3.5
13.4
12.5
9.8
12
13
Mutual fund stares
Milcellaneoua auell
1.5
3.7
0.1
1.7
-1.6
-3.4
0.2
-0.8
-0.3
-0.2
0.1
9.3
0.2
-9.4
-0.7
0.5
-0.7
-1.2
-0.7
0.4
-1.0
14.9
14
15
11
1,
N e t ~ In lillblllllH
21.7
13.3
,.s
13.A
lU
35.6
0.1
20.3
28.8
17.S
1,
17
18
19
20
Sl,an,a,tdepolill
Checkable
Small time and 11ving1
Large time
"'
21.6
7.9
2.0
5.5
0.4
15.4
2.1
11.6
1.7
16.3
1.6
12.3
2.4
31.7
0.4
29.1
2.1
9.7
6.4
1.6
1.8
2.1
-0.2
-0.6
3.0
21.7
-0.3
19.0
3.0
25.2
-0.2
15.5
1.6
12.6
1.7
9.8
I.I
22.5
17.8
-2.7
17.1
3.0
3.4
17
18
19
20
21
22
Olber Joana and advances
0.0
0.1
0.2
0.5
0.2
1.4
-0.1
-1.9
0.1
0.0
-0.1
4.0
-0.2
0.1
0.3
-2.3
0.3
-1.6
-0.2
3.7
0.2
-0.5
22
-0.9
-1.2
0.1
-1.4
-0.8
-0.8
-0.2
-0.4
-1.9
-0.4
-1.7
23
"'
w
15.2
17.0
18.6
8.5
0.1
-1.3
9.7
9.7
0.1
-1.1
10.7
9.6
0.1
-0.8
10.2
9.9
0.1
-0.4
10.2
10.2
0.1
-0.2
10.3
5
6
23
Milcellaneoua liabilities
Diac,epancy
4.5
21
F.116 Bank Personal Trusts and Estates (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Net ............ •fllmndal-
.7,1
u
18.8
-47.7
,.a
.u
2
3
4
5
Depolill
Checkable depolill and cumncy
Tum and savings depolill
Money market fund stares
-5.7
-0.1
-5.2
-0.3
-1.1
-0.1
-I.I
0.1
1.8
-0.3
1.6
0.6
1.2
0.1
-1.0
2.1
8.5
0.1
-1.1
9.4
6.1
0.1
-I.I
7.1
6
Credit mamt inatrumen11
7
8
.
9
10
11
12
13
14
4
15
16
Open lll8IUI paper
U.S. govemmenr securities
Tiaaury
A3ency
Municipal securities
Corpomle and fon,ign bonds
Mortgage•
Corpomle equities
Mutual fund stares
Milcellaneoua auets
2
3
4
8.0
9.5
7.1
-18.8
3.9
-3.5
4.2
7.8
7.2
8.2
8.9
-2.5
3.5
-1.1
-0.6
-0.5
0.2
-5.3
-3.3
-2.0
-0.4
4.5
2.9
1.6
-0.3
1.2
0.9
0.4
-0.6
4.6
3.0
1.6
-0.6
6.1
4.0
2.2
-0.2
5.9
3.8
2.1
0.2
6.4
4.1
2.3
0.5
7
-1.6
-0.8
-0.8
-3.2
1.2
0.3
0.9
6.8
-0.7
8
9
1.5
10
6.1
6.2
-0.2
12.9
-1.1
-0.3
5.3
-0.4
-0.2
-11.1
-3.1
0.5
0.6
-0.5
-0.3
-3.1
-1.3
-0.1
I.I
-0.3
-0.5
2.7
0.0
-0.5
1.7
-0.2
-0.1
1.5
-0.2
0.3
1.3
-0.3
0.6
12
13
-37.0
25.8
-55.2
44.9
-8.8
21.7
-17.9
·II.I
-23.2
16.4
-24.2
17.6
-26.4
18.8
-22.1
15.3
-20.0
14.0
-21.2
16.0
-17.9
13.5
14
15
-3.1
-I.I
4.1
2.5
4.5
5.1
4.4
4.1
3.8
16
23.S
1.6.3
17
6.5
7.7
18
1.8
3.5
17
N e t ~ In lillblllllH (2)
-7.1
0.9
17.8
-49.7
12.5
-0.6
11.8
lU
1,.S
18
Diac,epancy
0.1
-0.7
-1.0
-2.0
2.8
1.0
2.1
3.4
4.7
(I) illcludes personal 1ru111 and caratea administered by nondepoait noninlw<d tru11 oompanies.
(2) Equo.l to the net acquisition of tangible and f!mncial 111eu. These liabilities are uaeu of th, household sector.
11
32
Z.l, September 15, 1997
F.117 Life Insurance Companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
1
G.-•ftll
2
Fixed . .......imt11111meotmen1
18.6
26.8
23.S
2'.7
24.A
Net acqullillen ofllmndal -
97.7
143.0
120-'
144.7
128.3
3
5.6
3-'
22.0
14.7
13.8
10.0
Q'l
Q3
Q4
--1997-QI
Q'l
18.4
14.S
25.0
25.2
25.3
26.3
2
3
11.8
14.8
23.S
24.1
41.2
77.1
14.7
180.2
214.8
151.A
170.4
4
5
Checkable deposill and cumncy
Money market fund abares
-0.6
5.4
0.3
6.4
0.6
-15.3
0.7
6.6
0.3
17.9
-0.2
15.4
0.8
15.4
0.1
15.4
0.6
25.4
0.9
16.0
-0.3
24.7
4
5
6
Credit market Ull1rllmen11
79.5
100.9
66.7
99.2
72.5
47.6
0.9
123.2
118.1
94.3
84.4
6
7
8
9
10
Open market .-per
U.S. govemment aecurities
Treasury
A¥,ency
-2.5
37.9
10.2
27.7
3.6
47.7
20.1
27.6
5.9
8.4
-2.9
11.3
-7.3
9.8
1.0
8.7
2.9
-13.6
-14.9
1.3
25.2
-24.2
-9.1
-15.0
8.1
-38.6
-20.6
-18.0
-5.7
35.7
4.5
31.1
-15.9
-27.3
.34.3
7.0
18.4
-4.4
-0.0
-4.3
9.7
-10.5
-19.3
8.8
7
8
9
10
II
12
13
14
Municipal aecurities
Corpomle and foreign bonds
Policy loans
Mortgages
I.I
55.0
5.7
-17.5
3.2
58.3
5.7
-17.6
-1.9
59.9
7.8
-13.5
-0.9
90.7
10.4
-3.4
1.5
79.2
-0.9
23.8
4.8
3.6
I.I
-2.1
1.8
38.0
7.4
-0.5
96.7
11.8
-16.4
4.0
158.2
-5.9
5.0
0.6
69.3
5.9
4.6
5.1
70.6
9.5
-0.0
II
12
13
14
4.5
15
16
Corpomle equities
Mutual fund shares
12.4
9.0
36.3
6.3
61.8
-14.9
18.6
13.5
42.1
7.0
-10.0
7.0
52.7
7.0
47.7
7.0
77.7
7.0
34.6
4.0
39.1
4.4
15
16
17
Milcellaneous auell
-8.1
-7.3
22.0
6.1
-11.4
-18.7
0.3
-13.3
-14.0
1.6
18.2
17
18
Net....-ln ........
103.1
125.2
120.2
122.4
108.6
33.4
'5-'
145-'
189.3
146.7
1'8.1
18
19
20
21
Othff loans and advances
Life insumnce reaerves
Pension fund reaerve1 (I)
0.0
27.7
68.9
0.2
35.7
73.9
0.3
34.3
69.6
-0.1
44.8
66.2
I.I
43.8
47.6
2.5
20.0
25.0
0.3
31.J
16.9
-0.4
57.8
59.7
2.0
66.5
88.9
0.8
44.9
106.6
0.1
64.1
103.4
19
20
21
22
23
Taxes .-yable
MillCCllaneous liabilities
0.8
5.7
0.3
15.0
-0.7
16.7
0.2
11.3
0.0
16.0
0.0
-14.I
0.0
17.6
0.0
28.7
0.0
31.9
0.0
-5.6
0.0
0.4
22
23
.7.5
.41J.7
-2.2
-37.3
-30.4
-21.3
-23.5
.44.5
-32.2
-15.5
-13.8
24
24
Di8Cl'Cplncy
•
(I) Excludes unallocatl!li CODIIBc:11 held by privale pension funds, which are included in miaoellaneous liabilities (line 23).
F.118 Other Insurance Companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
G.-1m111
2
FIDd,-.........,in.e-111
3
Net acqullillen •fllmndal -
-7.0
-1.1
.3.4
1.3
0.8
°"'
0.2
0.6
1A
0.8
0.8
1
2.3
,...
2.8
3.1
3.0
3.1
3.0
3.1
3.2
3.3
3.4
2
31.7
28.2
36.o
23.8
27.2
21.2
,..,
3.2
6.1
SU
20.1
3
4
5
Checkable deposi111nd cumncy
Security RPI
0.2
5.6
-0.4
-0.9
-0.2
-2.3
-0.2
8.1
-0.9
-2.1
-0.2
8.1
-4.2
-23.0
1.3
12.0
-0.6
-5.4
1.2
10.6
0.7
12.4
4
5
6
Credit -mt iJls1rumen11
6.7
27.7
24.9
21.5
21.5
13.6
30.5
14.2
27.7
3.9
11.4
6
2.3
2.6
-0.3
15.4
14.2
1.3
11.0
9.4
1.6
2.8
0.5
2.3
-9.7
-12.6
2.8
0.9
0.5
0.4
-21.1
-18.9
-2.2
-13.9
-15.4
1.4
.4.9
-16.5
11.7
1.2
0.9
0.3
-11.9
-24.3
12.4
7
8
9
6.3
-1.2
-0.6
10.4
3.3
-1.4
7.4
7.2
-0.7
7.0
12.7
-1.0
14.4
17.3
-0.4
8.1
5.6
-1.0
16.0
35.7
-0.0
5.0
23.2
-0.1
28.5
4.7
-0.6
1.3
1.0
0.3
17.5
5.3
0.5
10
II
12
-0.4
-0.1
-2.7
0.8
1.7
2.8
I.I
2.2
2.3
-1.5
4.4
3.7
2.1
-0.1
3.4
-1.2
4.4
2.4
11.0
4.3
2.6
9.1
0.5
3.7
-10.6
-9.7
4.6
13.9
16.3
5.9
-0.6
.4.7
1.0
13
14
15
28.8
23.7
22.3
38.1
25.7
32.4
15.4
31.S
23.6
15.9
24.8
16
11.0
0.0
14.8
7.0
0.0
25.4
8.0
0.0
7.3
8.0
0.0
23.5
20.8
0.0
2.8
2.8
0.0
13.1
6.8
0.0
18.0
17
18
19
-0.5
3.1
-8.7
-12.0
15.7
-38.5
2.1
20
7
8
9
10
II
12
13
14
15
1'
17
18
19
20
U.S. govemment aecurities
Treumy
Al,ency
Municipal oecuritie1
Corpomle and foreign bonds
Commeicial mort888e•
Corpomle equities
Tnde =eivables
Milcellaneous auets
Net
mcnae In llabll&les
Corpomle equity iuues
Taxes .-yable
Milcellaneous liabilities
DillCl'Cplncy
5.5
0.3
23.1
7.4
0.4
15.8
6.5
-0.5
16.4
7.1
0.0
23.0
10.2
-11.9
-12.3
-7.6
.
33
Z.l, September 15, 1997
F.119 Private Pension Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
Qt
Q2
Q3
Q4
--1997-Qt
Q2
Gnaa...,.
05
05
0.8
0,7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
2
Find .............. lmnlmonl
u
1.2
15
0.8
1.2
1.2
1.2
1.2
1.3
1.3
1.3
2
3
Net aequlliliDn orllnandal-
7U
97.8
88.3
995
87.8
82.0
87.6
85-'
,s5
,0.8
119.2
3
4
-0.0
·22.1
t.0
t.9
0.1
-8.4
-0.t
.(i.l
3.6
5.3
9.5
-0.t
·13.6
4.7
3.9
4.1
-0.1
·15.5
0.6
3.5
-0.t
-15.2
2.6
2.3
-0.1
6.5
-0.t
·15.7
6.0
-0.1
-0.1
·12.0
6
7
Cbockable deposits and cumncy
Timo, and savings deposits
Money market fund limes
Security llPs
9.0
5.6
-0.1
·15.3
1.6
4.4
-0.t
·15.4
5.6
0.2
4
5
6
7
8
Credit mamt instruments
37.5
49.5
47.7
63.1
46.6
69.5
45.4
41.9
29.5
57.5
57.8
8
9.5
-0.1
28.3
18.2
10.1
3.9
13.4
8.9
4.5
4.1
27.1
16.9
10.1
3.5
12.1
7.8
4.3
2.3
11.8
8.3
3.5
5.6
2.7
2.6
0.2
4.4
17.3
11.0
6.3
0.2
19.9
12.7
7.2
9
10
11
12
0.1
36.3
1.9
0.1
28.3
1.4
0.0
26.6
1.2
0.0
20.5
0.7
0.1
34.0
1.7
0.1
35.9
1.7
13
14
15
5.3
5
6.5
•l 1.7
9
10
11
12
Open marlcet p,per
U.S. govemmeat aecurines
TmlsUiy
A&•ncy
t.9
16.3
11.2
5.1
3.6
23.7
15.7
8.0
14.3
10.0
4.3
13
14
Mllllicipal aecurines
Corpomle and fomiga bonds
Mortgages
-0.0
23.0
.3,7
0.1
22.2
-0.t
0.0
22.7
1.2
0.1
33.8
I.I
0.t
27.9
1.3
16
17
Corpom1e equines
Mutuol fund ares
30.8
10.2
15.5
21.1
·8.0
20.2
6.6
24.9
·2.3
29.2
·22.0
32.4
-3.6
34.3
24.7
11.3
25.4
•7,9
29.6
·l.8
30.8
16
17
18
19
20
21
Milcellaaeoua auets
Umllocatecl iDsunmce coD!JaCII (2)
Contribu1ioas receiwble
Other
16.8
.(i.1
t.6
21.3
9.8
0.6
19.8
19.4
1.4
3.8
14.2
3.7
' ·11.6
3.8
11.6
23.0
·1.6
3.8
20.8
24.4
0.1
3.8
20.4
26.5
18.8
3.8
3.9
21.0
2.7
3.8
14.5
12.1
·16.3
3.8
24.7
18
19
20
21
22
Pemlen 111111 n.n. (lW,1111111) (3)
77AI
88.3
825
88.2
BU
,u
,u
119.8
22
15
5.5
3.8
3.7
9.5
14.9
-5.9
3.8
17.0
'8.A
119.1
995
6.5
(1) laclude1 the Fedeml Employee,' hlin,mont Sy11em Timi Savings Plan.
(2) AlteU of priwte peasion pam bold at life imlllUICO ..,__, (e.g., OIC,, variable &DDuilies); aeries begim 1985:Q4.
(3) Equal to the DOI ocquisilionof tangible andflJBDcial useu Je11 p,u aving (line 2 + line 3 · line 1). The1e liabililie1 ue a,oets of the bouaebold oector.
F.120 State and Local Government Employee Retirement F1D1ds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
.
1
Gnaa...,.
0.6
0.6
1.1
1.2
1.3
1.2
1.2
1.3
1.3
1.3
1.3
2
Find -•cad<ndal imnlmonl
15
15
2.2
1.3
2.2
2.1
2.2
2.3
2.3
2A
2A
2
3
Net ....,...itien afllmndal -
54.A
""
57.1
54.2
5'.8
3
·l.l
0.6
0.6
·l.9
-0.7
22.0
2.3
1.4
7.1
""
SU
0.9
-1.7
-1.6
·2.9
11.6
•l.2
1.8
·2.9
-2.2
4
5
6
5'.0
53.8
65.7
SU
4
5
6
Cbockable deposits and cum,ncy
nine and avings deposits
Security llPs
1.7
-2.1
2.4
0.7
2.7
0.2
-0.6
·3.2
7.9
-2.2
·1.3
-1.6
0.0
-0.1
7.0
7
Credit 1mm1 instrumeDts
5.9
21.1
30.7
22.7
34.5
54.9
47.9
19.0
16.1
38.7
21.1
7
2.4
-15.8
·3.0
-12.8
0.2
12.2
16.9
.4.7
7.9
16.8
8.8
8.0
-1.6
26.1
8.4
17.6
7.0
20.4
9.8
10.6
·l.6
41.5
23.2
18.4
0.6
41.5
33.8
7.7
22.0
.(i.O
-12.6
6.5
7.1
4.6
-5.2
9.8
-1.2
20.8
17.4
3.4
6.6
8.0
·10,0
18.0
10
It
0.1
19.6
-0.4
0.2
10.4
-t.9
-0.3
0.7
0.2
·2.7
0.7
0.0
6.3
0.8
-0.6
14.8
0.8
-0.1
5.2
0.8
0.7
t.5
0.8
-0.0
3.7
0.8
-0.2
18.5
0.8
0.1
5.6
0.9
12
13
14
17.7
30.4
50.9
·21.7
19.t
11.8
40.6
t.2
53.7
-40.7
51.9
-55.0
2.9
6.2
87.7
-71.8
72.2
-42.3
41.5
-21.6
65.0
-23.5
16
56.!I
54.7
6'.8
S,5
55.A
50.3
58.1
55.2
57.,
67.1
60.A
17
8
9
10
11
Open marlcet p,per
U.S. govemmeat aecurines
12
13
14
Mllllicipal aecurines
Corpomle and fo~iga bonds
Mortgages
15
16
17
Trea,uey
A&•ncy
Corpom1e equines
Miocellaaeoua auets
~nolan 111111 .....-- (llllblllde,) (1)
5.6
( 1) Eqllli to the net acquisition of •D8ible and frmacial aaaets Jess gross saving (line 2 + line 3 • line 1~ Tbeae liabilitiea
=
alllOII of the ho-bold ICCIOr.
8
9
15
34
Z 1, September 15, 1997
F.121 Money Market Mutual Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Net acquuiden ofllmndal 2
3
4
5
Foreign deposits
Checkable deposits and cum,ncy
lime and savings deposits
Security RPs
6
Credit mamt insttuments
7
8
9
10
Open lll8IUI paper
U.S. govemment ,ecurities
II
12
Municipal oecurities
13
14
Tiaamy
Agency
Corpomle and foreign bonds
Miscellaneous auets
Net ............. (llabllldn)
Q2
Q3
Q4
--1997-Q2
QI
45
20.2
43.3
142.3
145.8
2r1.6
23.l
145.l
1875
182.4
5115
-1.2
-2.4
-0.5
-1.0
-10.3
-2.8
0.4
5.7
.(.3
-0.5
2.4
4.0
-1.0
20.9
19.0
3.4
2.4
30.4
16.0
6.1
2.3
17.1
15.0
-28.3
0.8
-8.1
7.9
13.5
-3.5
51.1
15.1
22.4
9.9
61.4
25.9
-9.8
2.8
66.8
42.9
·l.6
-0.1
28.0
-20.7
2
3
4
5
4.7
20.4
30.0
86.5
88.8
164.I
27.0
83.0
81.3
65.2
19.7
6
•17.0
13.8
0.2
13.6
-9.1
14.5
1.0
13.5
22.7
-3.9
-13.3
9.4
48.4
17.5
3.8
13.7
38.4
31.3
20.3
11.0
38.9
86.1
64.5
21.6
37.9
-17.8
8.8
-26.6
46.4
25.7
5.6
20.1
30.3
31.0
2.1
28.9
108.6
-69.9
·30.9
-39.0
-0.0
6.2
1.3
4.9
7
8
9
10
5.4
2.5
9.6
5.4
7.8
3.4
14.3
6.4
16.8
2.4
26.7
12.4
5.2
1.6
12.8
-1.9
22.5
-2.6
16.7
9.8
8.0
5.5
II
12
5.0
11.0
6.9
12.8
4.8
23.0
23.8
-14.1
·13.3
14.6
33.1
13
45
20.2
43.3
142.3
145.8
2r1.6
23.l
145.l
1875
182.4
5115
14
1.4
.
(I) Open-Gld invellment companies; excludes funding vehicles for variable annuities, which are im:luded in Ibo life inaumnce companies aector (table F.117).
F.122 Mutual Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
2
G.-a...,.
-18.6
-33-'
-45.3
-53.3
-80.7
-70.A
.74.B
-13.8
.,3.8
-115.0
.as.o
Net acquuiden of llmndal-
1,05
2'2.0
100.6
147.4
237.6
2'7.6
304..5
17U
11,.3
253.4
241.8
2
9.7
16.8
4.4
7.1
-2.7
-15.3
13.6
25.3
-34.5
22.1
23.7
3
126.2
159.5
-7.1
52.5
48.9
88.5
54.3
27.5
25.3
61.9
108.1
4
9.7
56.8
36.0
20.8
16.8
49.2
31.4
17.9
4.4
-10.4
-6.8
-3.6
7.1
18.9
11.2
7.7
-3.1
15.1
8.9
6.2
-13.4
55.0
32.5
22.5
3.5
8.4
4.9
3.4
15.6
-7.7
-4.5
-3.1
-17.9
4.7
2.8
1.9
13.1
21.3
12.6
8.7
26.1
31.6
18.6
13.0
5
6
7
8
28.7
31.0
42.9
50.6
-4.3
3.2
3.2
23.3
3.1
33.8
7.8
39.2
2.0
40.4
1.3
18.3
1.4
37.1
3.7
23.9
3.0
47.4
9
10
59.8
-5.2
115.3
0.3
100.8
2.5
87.4
0.5
193.0
-1.7
229.5
-5.1
224.5
12.1
139.2
-20.2
179.0
6.5
166.0
3.4
121.7
-11.8
II
12
3
Security RPs
4
Credit market inslrumen11
5
6
7
8
Open lll8IUI paper
9
10
Municipal oecurities
II
12
U.S. govemment oecurities
TreuUIY
Aaency
Corpomle and foreign bonds
Corpomle equities
Miacellaneoua auets
13
Net ............. (llabllldn)
1,0..5
2'2..0
100.6
147.4
237.6
2'7.6
304..5
17U
176.3
253.4
241.8
13
14
Diacrepancy
-18.6
-33.9
-45.3
-53.3
-80.7
-70.4
-74.8
-83.8
-93.8
-85.0
-85.0
14
22.2
36.1
30.0
54.6
IOI.I
50.5
80.6
57.5
215.7
67.8
50.2
15
Memo:
15
Capi1al gains dividends
(1) Open-Gld inveltlllent companies; excludes funding vehicles for variable annuities, which are im:luded in Ibo life i11111111nce companies aector (table F.117).
F.123 Closed-End Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Net aequilldon ofllmndlll 2
Credit market inslrumenll
U.S. govemment oecurities
4
5
6
7
Municipal oecurities
Corpomle and foreign bonds
Corpomle equities
Net ............. (llabllldn)
18.2
lU
u
7.2
6.8
5-'
u
7.3
7.0
4.7
4.8
l
18.2
14.4
-3.3
13.3
9.3
10.9
9.8
9.0
7.5
6.7
5.3
2
1.7
14.3
2.2
2.0
7.9
4.4
-6.2
7.4
-4.4
3.0
5.0
5.4
1.2
4.9
3.2
1.9
4.9
4.1
1.4
5.0
3.4
I.I
4.8
3.1
0.4
4.9
2.2
0.1
4.8
1.8
-0.6
4.8
1.0
3
4
5
-0.0
1.8
5.2
-6.2
-2.5
-5.0
-2.9
-1.7
-0.5
-2.0
-0.5
6
18.2
lU
u
7.2
6.8
5-'
u
7.3
7,0
4.7
4.8
7
.
35
Zl, September 15, 1997
F.124 Government-Sponsored Enterprises (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
...
Q2
Q3
Q4
--1997-QI
Q2
1
Gna•'l'lna
1.5
1.7
1.7
2.0
2.0
2.0
2.0
2.0
1.9
2.0
2.0
2
Flud Mnnoidontial iffleltmtm
O.A
0.6
0.5
0.5
0.5
0.5
0.5
0.5
0.6
0.6
0.6
2
3
Net acqullillen of llnmdal -
55.5
78.8
1S0.7
11S.l
91.7
39.6
108.6
83.8
134.6
21.1
171.3
3
4
5
Checkable deposill and cum,ncy
Fede!al funds and security RPs
-0.0
-1.0
0.9
-16.2
-0.9
35.4
0.2
20.5
-0.8
·11.8
-2.1
-9.2
-1.2
-2.2
-0.4
0.3
0.6
-36.0
0.8
6.4
8.0
24.5
4
5
6
Credit -mt inatrumeDIB
68.8
87.8
117.8
84.7
92.0
33.9
114.7
81.2
138.1
45.1
119.0
6
2.7
30.2
17.9
12.3
-1.7
11.2
-7.1
18.4
14.4
63.4
0.4
63.1
-0.8
63.4
6.1
57.4
9.6
46.7
-12.9
59.6
6.2
30.6
-25.3
55.9
0.1
71.8
22.7
411.1
-4.6
63.6
8.1
55.5
36.7
20.7
-57.3
78.0
31.2
50.8
-8.1
58.9
10.8
59.2
13.1
46.1
7
8
9
10
7
8
9
10
Open markd paper
U.S. govemment aecurities
Traaucy
II
12
Municipal aecurities
Co,:pomle and fon,ign bonds
0.2
0.0
-0.6
II.I
0.8
8.5
1.0
5.5
-0.3
5.6
-1.9
-7.6
0.9
-11.5
-0.2
·2.8
-0.2
44.1
1.2
·3.2
-2.0
0.2
II
12
13
14
15
16
Other loans and advances
Sallie Mae
Fann Credit Syllrm
FHLBloans
3.7
1.5
1.4
0.8
26.S
1.8
1.4
23.3
27.2
3.6
0.8
22.8
11.2
0.9
3.9
6.4
28.8
-1.7
1.4
29.1
0.5
-3.9
7.9
-3.6
50.2
-2.6
-1.5
54.3
28.2
-2.9
-2.2
33.4
36.4
2.5
1.5
32.3
-20.9
....9
3.0
-18.9
57.2
-5.8
0.2
62.9
13
14
15
16
17
18
19
20
Mortgages
32.1
30.5
1.6
-0.1
41.3
39.8
1.7
-0.2
3.6
4.4
1.1
6.1
3.6
0.7
1.7
3.3
1.7
-0.2
1.8
-3.1
-3.2
-0.7
0.8
-0.8
0.1
-14.0
-13.1
•l.2
0.2
-6.S
0.9
0.1
3.9
0.6
-0.1
1.7
0.8
-0.3
0.4
2.6
-5.7
.J.9
I.I
17
18
19
20
-12.3
6.3
-1.7
9.7
12.3
17.0
-2.7
2.7
32.0
-31.2
26.9
21
21
22
Agency
Home
Multifamily n,sidenlial
Fann
Milcell--,111asse11
Net......_ In llllbllltlH
1.1
51.7
75.7
147.3
112.0
,11
3U
lOU
112.2
14'.7
22.A
171.A
22
23
24
25
Credit n.mt inatrumeDIB
GSE iuues (2)
U.S. govemment loans
40.2
40.3
-0.0
80.6
80.6
0.0
172.1
176.9
-4.8
105.9
105.9
0.0
90.4
90.4
0.0
31.4
31.4
0.0
126.9
126.9
0.0
80.0
80.0
0.0
123.3
123.3
0.0
-8.9
-8.9
0.0
198.1
198.1
0.0
23
24
25
26
Milcellaneo111 li1bililies
12.5
.4.9
·24.9
6.1
2.7
5.2
-20.0
2.2
23.4
31.3
-19.7
26
-1.7
-2.0
-2.3
-1.6
2.9
-1.5
-0.2
-0.2
13.5
2.7
1.4
27
27
Di"""'P8DCY
(1) Federal Home Loan llanb, Feelers! Nlllionsl Mortgage Alaociation, Feclersl Home Loan Mortgage Cotpontion, StmeD1 Loan Muketing A1oociation (Sallie Mae), Farm Ciedil System,
Ibo Fllllllcing Cozpcmion, and the Re1ohmon F...tiqJ Corpontion.
(2) Such i11U01""' cla11ified •• U.S. govemmem securities.
F.125 Federally Related Mortgage Pools (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
2
3
4
5
Net ,acqulaldenafllmnclal-
115.6
84.7
115.4
'8.2
141.1
117.4
174.5
142.9
129.6
114.6
••1
Home mortgages
Multifamily n,sidential mortgages
Fann mortgages
117.8
-2.3
-0.0
86.1
-1.4
-0.0
115.4
-0.0
-0.0
93.7
4.5
-0.0
135.5
5.6
-0.0
113.8
3.6
0.0
169.9
4.5
0.0
135.8
7.1
-0.0
122.4
7.2
0.0
109.6
5.0
0.0
82.4
5.7
-0.0
2
3
4
115.6
84.7
115.4
'8.2
141.1
117.A
174.5
142.9
119.6
114.6
••1
5
Net......_ In pNI aecurilleo (liablldn)(l)
( 1) ONMA, FNMA, FHlMC, and Fannon Home Administllltion pools. Aho includes federally related pools that are IIICd as collateral for federally related agency-illued CMOa and
pri11ately issued CM01. Exclude& Fedorsl Fimncing Bank holdings of pool securities, which are incl..ted with feelers! govemmem mortgage• and other loam.
(2) Such i.NUOI an, cla11ified u U.S. g o - securities.
36
Z. l, September 15, 1997
F.126 Issuers of Asset-Backed Securities (ABSs)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
G.- .....
0.2
0.2
0.3
0.5
1.1
0.5
1.2
1.2
1.3
1.3
1.5
2
Flud ............w iinntmont
0.1
0.2
0.6
1.8
6.3
..0.0
18.1
0.6
6.6
..0.1
4.8
2
3
Net acquililien efllmndal -
~A
82.B
'8.5
131.6
127.1
139.5
145.9
88.7
134.A
S9.5
82.9
3
-29.3
14.9
1.6
1.6
·19.5
-1.8
-19.3
-14.3
-42.5
·39.0
-18.7
4
2.9
0.0
2.9
9.7
0.0
9.7
4.3
0.0
4.3
6.9
1.0
5.9
13.1
5.0
8.1
8.3
6.0
2.3
27.5
6.0
21.5
-6.5
4.0
-10.5
23.0
4.0
19.0
-15.4
2.5
-17.9
5.7
1.9
3.8
5
6
7
62.2
50.9
2.6
8.7
45.3
32.7
40.3
22.8
6.2
11.3
37.0
20.0
10.6
53.7
25.2
12.4
16.1
56.1
28.4
12.8
14.9
59.4
36.3
9.3
13.7
37.2
24.7
5.3
7.2
62.1
11.4
22.2
28.5
58.1
36.4
7.2
14.5
51.4
12.5
15.9
23.0
8
9
10
II
17.3
4.3
10.2
2.6
15.6
6.8
65.6
20.5
54.8
25.0
57.J
19.8
68.1
JO.I
45.7
26.8
48.5
43.3
30.9
25.0
32.9
11.5
12
13
~.3
82.B
'8.8
132.9
132.A
138.9
162.8
88.2
139.6
58.1
86.3
14
8.1
49.2
4.7
78.1
12.4
56.4
37.3
95.6
45.4
87.0
38.J
100.8
30.8
132.0
51.8
36.4
61.l
78.5
47.6
10.5
35.0
51.2
15
16
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
17
-0.1
0.0
0.3
1.3
5.3
-0.5
17.0
-0.5
5.2
-1.4
3.4
18
4
Asen,:y oecurities (I)
5
6
7
Other loans and advances
Student loans
Loans to business
8
Mor!g88es (2)
Home
Multifamily n,lidential
9
JO
II
12
13
14
15
16
Commercial
CoDIUIDer credit
Tmdecredit
Net......_ In llllbllllln
Commm:ial paper
Corpomte bonds
17
Di1CffJl8DCY
18
Memo:
Securitized CODIUIDer lases
not included above (3)
2.4
10.3
6.4
(I) Fedemlly mlotm monpge pool oecmitiel bockmg pri\'ltdy iHuod CMO..
(2) Mortgages bockmg pri\'ltdy i11uod pool oecurities and privately iaauod CM01.
(3) R=ivablet fmmoperati,w leueo, 1ucba1 oomumer aw,mobile leaoes, am booked u current income when paymenu am received and am not included in financial allcll (or bo111ebold liabilitiea).
The leued automobile ii a tangible uoet; delffdation flow, am inclmed in line I, and fixed investment flow, am included in line 2.
F.127 Finance Companies (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
2
3
G.-•'l'lna
11.6
15.0
24.3
27.2
711.7
29.8
27.5
Flud_........ lmeolment
11.6
15.A
22.Q
22.6
21.A
~-1
Net acquililien ef llmndal -
-5.2
5.3
41.6
71.8
,u
:TT.A
1.3
0.4
0.4
0.4
0.4
0.4
0.4
J.l
2.5
-3.3
-20.9
-15.9
-3.1
-1.9
48.3
25.9
18.3
49.9
26.7
5.6
17.7
18.4
7.9
10.2
0.3
-6.9
25.7
-7.J
21.5
2.3
,.1
4
Checkable depolits and cumon,:y
5
6
7
Credit -mt inattumenta
Otber loans and advances
8
9
10
Mor!g88el
Comumer credit
~111asset1
Net......_ In llllbllllln
4.2
63.A
71.7
711.1
29.7
9.2
27.7
21.8
711.7
25.0
2
SS.1
40.0
S3.1
34.3
'8.5
3
0.4
0.4
0.4
0.4
0.4
4
30.4
11.8
7.2
11.4
36.3
7.6
24.4
4.3
13.1
6.1
7.6
-0.6
-6.3
6.1
1.6
-14.0
41.4
26.3
2.9
12.2
1.8
-13.9
5.6
10.1
5
6
7
8
27.6
6.6
18.5
26.5
59.0
-7.5
66.3
9
54.8
32.Q
70.A
44.2
72.6
35.5
511.0
10
56.8
13.4
35.0
8.3
30.7
13.3
13.2
4.2
43.8
-0.2
40.9
3.1
6.4
42.6
-32.4
-3.8
124.3
41.6
82.0
0.7
II
12
13
14
2'.2
2'.3
-2.3
,6.0
9.6
-6.0
-0.8
-0.1
13.0
-13.7
49.1
22.5
32.2
-5.6
50.8
-2.9
53.3
0.5
43.2
9.0
29.8
4.4
41.5
9.4
30.1
2.0
Taxes payable
0.2
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15
MitcellaneoUI liabilities
Forei8Jl di!ect inveatment in U.S.
InvellmeDI by pan,DI
4.5
1.4
2.1
1.0
10.4
23.6
1.3
-14.6
14.4
3.2
6.3
4.9
20.9
15.4
9.4
-3.9
11.6
7.5
.4.7
-9.5
-12.4
-2.1
5.0
13.6
7.8
21.2
-15.3
13.5
22.2
6.4
-15.1
28.8
12.6
9.7
6.6
29.1
15.8
2.6
10.7
-66.3
11.9
2.1
-80.4
16
17
18
19
7.5
4.0
24.1
4.5
15.8
-2.2
33.6
4.5
27.3
1.6
-6.2
20
5.5
10.2
18.2
13.4
11.7
10.2
13.4
12.5
10.6
12.2
11.5
21
11
12
13
14
Credit -mt iDllrumen!I
Open llltlibt paper
Corpomte bonds
Bank loans n.e.c.
15
16
17
18
19
Otber
20
Di1Clql8r£y
21
CoDIUIDer leases not included above (2)
8.8
Memo:
(1) lo::lude1 mail captive rmsnce ~ (2) See f ~ (3), table F.126.
•
37
Z I, September 15. 1997
F.128 Mortgage Companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
Qi
2
3
4
5
.
6
7
Q2
Q3
Q4
--1991-Qi
Q2
Net acquWllen efllnmclal-
0,1
.0.0
-24.o
.3.4
8.2
51.8
-2"8
3.4
u
-11.2
.0.0
Home mortgages
Multifamily residential mortgages
Commercial mortgages
-0.4
0.3
0.3
-0.5
0.1
0.3
-24.0
0.0
0.0
.4.5
I.I
0.0
8.2
-0.1
0.0
51.8
-0.0
0.0
-27.7
0.9
0.0
4.8
-1.3
0.0
4.0
0.1
0.0
-8.0
-0.1
0.0
0.4
-0.4
0.0
2
3
4
0.1
.0.0
-24.0
.3.4
8.2
51.8
-26.8
3.4
4.1
-8.2
.0.0
5
8.0
-7.9
0.0
-0.1
-11.5
-12.5
0.4
-3.8
12.4
.4.3
20.0
31.8
16.0
-42.8
1.7
1.7
12.1
-7.9
5.9
-14.l
10.0
-10.0
6
7
Net - - - In lillbllltln
BBllk loans n.e.c.
lnvelllllent by parent
F.129 Real Estate Investment Trusts (REITs)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
a.- • ....,.
........ientlal---•
2
3
MuWI....,, raldenllal ime.mm
.
Net acqullillen ofllmnclal -
Flud
2.7
4.2
12.11
15.4
21.8
21.2
21.6
22.1
22.2
22.S
22.8
1.7
14.6
7.3
7.8
20.8
20.7
5.2
24.7
6.2
23.1
5.8
'ET.7
5.2
14.8
3.7
2"3
2.6
1.1
5.2
.0.2
3.6
4.6
3.4
2A
O.t
1.3
u
S.6
I.I
4.7
2.2
0.2
3.4
0.4
2.2
0.8
3.4
0.4
2.2
0.8
3.4
0.4
2.2
0.8
5
6
7
8
Mortgages
Home
Multifamily residential
Commercial
-2.5
0.6
0.1
0.4
0.1
9
Miacellanoous aaaets
·l.2
10
Net....._ 1n llllbllllia
z.,
u
2
3
4.5
u
.
2.0
0.2
1.3
2.0
0.2
1.3
0.5
0.5
3.4
0.4
2.2
0.8
5
6
7
8
3.4
9
"'
3.1
I.I
0.5
3.0
0.3
2.0
0.7
3.0
-0.l
1.3
-0.7
-2.4
·2.l
-1.8
3.6
2.5
4.7
18.7
32.S
16.8
2,.0
18.6
26.0
31.1
40.2
,.,..0
....
0.5
3.1
0.5
1.4
10
11
Security RPa
1.9
2.1
4.7
1.2
1.6
1.0
1.5
1.7
2.3
1.3
2.2
11
12
Credit mamt instruments
0.3
3.4
13.7
6.0
12.8
8.2
11.5
(3.7
17.7
19.1
18.6
12
-0.0
1.0
-1.3
0.6
-0.3
0.3
-0.2
3.6
-0.6
2.0
0.0
2.8
9.8
-0.0
2.0
-1.9
5.9
11.4
0.0
1.8
-1.3
7.7
0.0
2.5
·l.8
10.8
0.0
3.0
-2.2
12.9
0.0
3.9
-0.6
14.3
0.0
2.3
0.8
16.0
0.0
3.8
0.8
14.0
13
14
15
16
2.0
0.6
13.2
-0.1
11.1
2.9
8.3
1.4
12.3
2.3
7.9
11.0
2.1
13.2
1.5
2.5
17.2
3.1
21.7
1.8
26.1
1.5
17
18
3.4
13.0
18.8
18.l
22.4
20.4
20.5
20.8
28.0
29.l
29.7
19
13
14
15
16
17
18
19
Open mm.et paper
Corpoiallo bonda
BBllk loans n.e.c.
Mortwe•
Corpoiallo equity i11ues
Miacellanoous liabilities
DilCrepancy
2.5
-1.5
38
ZI, September 15, 1997
F.130 Security Brokers and Dealers
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
Gna•'l'BII
2
3
F1xed ..........mtlal imemmnt
Net acquilltion of llmndal -
-2.0
.0.3
u
2.1
3.7
--1997--
1996
QI
2.6
Q2
4.2
Q3
3.1
Q4
3.2
QI
3.3
Q2
3.3
0.8
1.0
1.1
1.2
1.2
1.2
1.2
1.2
1.2
1.3
1.3
2
49.2
97.0
-24.1
113.4
'6.S
5.2
-16.Ai
7U
206.1
63.8
265.7
3
4
Checkable deposits and cumncy
0.2
1.9
-0.3
1.7
1.9
-3.3
9.6
-0.1
1.4
-3.1
9.7
4
5
Credit mamt imlrumonts
-1.3
14.8
.44.2
90.1
-17.1
-109.0
-72.0
35.5
77.0
-12.8
23.0
5
1.2
-14.4
-13.3
.J.O
1.9
10.0
-0.3
·12.8
-20.7
7.8
5.8
22.2
-3.7
-30.2
-14.4
-15.8
-1.7
-8.7
10.9
70.0
61.0
9.0
·2.7
12.0
2.1
-31.8
-33.0
1.2
.J.9
14.5
-21.2
-08.2
-52.2
-16.0
-15.4
-4.1
12.6
-84.4
-77.2
-7.2
-0.3
0.0
-7.4
33.6
40.4
-o.8
-3.7
13.l
24.4
-8.2
-43.0
34.8
11.9
49.0
7.2
-45.2
-39.6
-5.6
-3.2
28.4
6.8
2.9
-0.4
6.6
7.1
6
7
8
9
10
-0.6
-1.6
52.6
8.1
22.6
49.6
-3.4
-I.I
24.8
7.7
-32.3
42.1
107.8
12.0
3.0
30.8
-14.0
·11.7
61.7
26.5
29.5
71.7
3.3
27.1
49.2
-o.4
34.6
204.7
12
13
14
6
7
8
9
10
Open ID8IVI paper
U.S. govemment securities
II
Corpomte and fon,ign bonds
12
13
14
Treasury
Agency
Municipal securities
Corpomte equities
2.5
II
10.3
-1.9
15.7
68.0
15
Net ina- In llablllllu
SU
98.0
-29.1
112.8
'4.S
3.9
.1,.s
69.8
203.9
61.3
263.8
15
16
17
18
Security RPs (net)
Corpomte bonds
Corpomte equity iuues
24.0
2.7
-1.9
20.0
12.0
1.3
-23.0
4.7
79.0
-5.0
•8.1
•3.1
-2.0
-o.5
-32.5
-31.8
-5.1
-2.8
13.2
-3.6
-19.7
5.7
-5.8
42.6
4.9
·11.7
.35.5
·2.9
3.8
123.0
42.4
-15.1
16
17
18
19
20
21
22
23
Tracie payables
From banks
Taxes payable
0.6
6.2
-10.8
16.9
0.0
2.7
38.7
26.0
12.7
I.I
23.1
18.6
4.6
-0.1
4.0
36.7
35.4
1.3
0.1
5.4
71.9
53.4
18.5
-0.2
5.7
-37.8
-16.4
-21.4
0.5
-0.9
1.0
6.7
-5.7
-0.2
0.5
5.7
16.9
33.3
-16.4
-0.5
-0.7
95.6
71.1
24.5
0.7
13.4
90.4
36.3
54.2
-0.9
-5.2
79.8
48.3
31.4
-0.6
19
20
21
22
23
24
25
26
27
Miocellaneo111 liabilities
Foreign duect investment in U.S.
Due to aff'tlia1es
Othor
13.1
0.0
29.3
-16.3
15.6
0.1
29.2
-13.7
1.6
0.8
25.6
-24.8
12.6
1.5
25.0
-13.9
27.3
.J5.4
0.5
0.5
58.9
0.2
11.0
47.6
61.9
0.8
12.2
48.9
-12.7
0.7
72.1
-85.6
18.9
1.4
79.1
-ol.6
24
25
26
27
28
Proprietors' DOI investment
7.2
7.1
-12.7
-0.1
-0.4
0.5
29
Security credit
Miacellaneo111 auets
Security credit
Cus1omer credit balances (HH)
Diocrepancy
0.5
3.5
35.4
30.6
-8.6
-46.5
4.0
0.4
87.9
-84.4
10.2
8.0
11.6
1.4
8.5
10.5
5.6
20.6
28
0.3
0.5
0.1
0.1
0.2
-0.2
-0.5
0.1
29
14.7
8U
149.7
83.6
47.4
44.7
69.3
.27.3
F.131 Funding Corporations (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Net~ofllmndal-
47.2
-6.1
32.7
2
MoDOY marltet fund a1e1
23.5
10.l
31.8
2.4
27.3
32.4
20.5
23.4
32.9
7.0
11.3
2
3
Credit mamt imlrumonts
Open ID8IVI paper
13.3
13.3
0.0
-35.6
-39.6
4.0
-28.4
-38.4
10.0
-8.6
·18.4
9.8
17.5
-5.3
22.8
65.9
41.8
24.1
21.1
-3.8
24.9
-2.4
-29.6
27.3
-14.5
-29.5
14.9
27.2
15.1
12.0
-19.1
-23.2
4.1
3
4
5
36.5
6
7
8
4
5
6
7
8
'
Corpomte and fotoign bonds
Miocellaneo111 auets (2)
Investment in foreign banking offices
Investment in brokers and clealen
Net ina- In llllblllliH
10
11
12
Credit mamt imlrumonts
Open ID8IVI paper
13
Miacel1B11100111 liabilities
Foreign duect investment in U.S.
Securi1ies lOIIIIOd (DOI)
Othor
14
15
16
Corpomle bonds
10.4
19.5
2.3
17.2
29.3
13.2
16.1
20.8
3.0
17.8
I.I
35.5
51.4
4.0
47.4
42.0
-2.6
44.6
26.4
2.4
23.9
26.4
0.4
25.9
35.1
7.0
28.2
-19.5
-8.8
19.2
47.2
4.1
32.7
14.7
BU
149.7
83.6
47.4
44.7
69.3
.27.3
16.6
4.9
11.7
5.7
-7.9
13.6
24.2
4.2
20.0
34.9
61.5
10.5
24.4
35.4
26.1
36.3
.34.9
71.1
62.9
49.3
13.6
28.8
20.1
8.7
118.0
106.9
I I.I
87.5
83.0
4.6
-55.6
-13.2
-42.4
10
11
12
30.6
-o.2
50.6
-13.8
-11.7
13.8
43.6
-o9.1
8.4
-20.2
·14.0
.5.5
-0.7
19.9
-25.0
59.7
-14.9
113.4
15.1
105.6
-7.3
20.8
-20.8
27.6
14.1
18.6
5.0
24.6
-21.2
63.2
-42.1
-73.3
-91.7
42.7
-24.3
-18.3
·52.4
52.4
-18.3
28.3
36.0
169.1
-176.9
13
14
15
16
(I) Funding 1ubaidlaries, nonbank fimDdal holding companies, m:I CllltOdial 1CCOU1D for rein..,,ted collateral of securities lending operstiom.
(2) Due flOJII affiliated complmCI.
-2.5
6.5
-26.1
'
39
Z 1, September 15, 1997
F.200 Gold and Official Foreign Exchange Holdings (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
QI
2
3
4
5
6
7
8
9
10
II
QI
Q2
1.3
-17.9
1,0
-0.4
0.8
o.s
-3.4
0.6
-0.3
o.s
2
0.8
-0.0
-0.4
-0.0
0.8
0.0
-0.0
-3.4
0.0
0.6
-0.0
-0.3
0.0
o.s
0.0
3
4
-5.8
8.8
-6.3
-0.9
1.6
-26.6
0.7
-17.6
0.4
5
0.8
0.4
0.4
-5.3
-2.6
-2.6
6.3
3.2
3.2
-7.6
-3.8
-3.8
.4.3
-2.1
-2.1
0.7
0.3
0.3
-27.3
-13.6
-13.6
0.6
0.3
0.3
·13.4
-6.7
-6.7
0.6
0.3
0.3
6
7
8
0.0
0.1
-0.0
-0.5
-0.5
0.0
2.5
2.5
0.0
1.3
1.3
0.0
3.4
3.4
0.0
0.9
0.9
0.0
0.7
0.7
0.0
0.1
0.1
0.0
-4.2
.4.2
-0.2
-0.2
0.0
9
IO
11
9.6
-6.7
•2.3
o.s
0.4
0.8
·2.3
-0.0
o.s
-0.0
0.4
-0.0
-1.6
0.8
OffJCial foieign cum,ncy holdings
Treuury
Mone1aey authority
.4.3
-2.1
·2.1
Net IMF position
Fedcml governmo,nt
Monelaey authority
2.7
2.7
-0.0
U.S. foreign exchange position
Q4
-30.0
.5.3
Fedcml govt.: Exchange Stab. Fund
Mone1aey authority (2)
Q3
:u
1.4
U.S. gold mckand SDRs
Q2
.0.1
.3.9
T-u.s. ....nes
--1997--
1996
1996
o.s
0.0
( 1) Linol 1, 2, and 3 exclwe increaoe, in SOR, thro~ allocations, which lave occumd at variom dates beginnillg January 1970. Tiamadions in SDRs an: included. Abo excl..i.d from the table
ue .evaluations of fomgn cunency holdings, gold, SDRs, and IMF position. Allocations and revaluatiom an: included in tables on odltandinga.
F.201 SDR Certificates and Treasury Currency
Billions of dollars; quarterly figures are seasonally adjusted annual rates
SDlt. c.rdfk•i:
I
2
Liab: Federal governmo,nt
Aaet Mone1aty authority
3
4
5
o.o
-2.0
•2.0
0.0
0.0
2.2
2.2
-0.5
-0.5
0.0
0.0
o.o
0.0
0.0
•l.8
-1.8
0.0
0.0
·2.1
-2.l
0.0
0.0
I
2
Liab: Federal governmo,nt
Aslet: Mone1aty authority
0.2
0.4
0.4
0.6
0.7
0.9
0.6
1.0
-0.0
1.0
0.0
I.I
-0.0
1.0
2.3
I.I
-2.3
0.7
0.4
0.8
0.2
0.7
3
4
Di1Crep8ncy (aeignioiage)
-0.2
-0.2
-0.2
-0.5
-1.0
-1.1
-1.0
1.3
·3.1
-0.3
-0.6
5
Trw6ar, e,,,,.s,:
F.202 U.S. Deposits in Foreign Countries
Billions of dollars; quarterly figures are seasonally adjusted annual rates
2
3
4
5
T .... not eflbe wwlll liability
Held by:
-3A
-18.5
ru
35.3
82.0
100.8
3,0
11,.1
104.5
188.6
7,.0
Houaehold oector
Nonfinancial corpo1111e business
Money mnbt mutual funds
1.2
-0.7
-1.2
-1.1
-1.4
-10.3
3.1
4.6
1.1
1.1
5.7
4.0
10.l
10.4
3.4
10.7
10.8
6.1
6.7
-2.0
-28.3
11.0
3.9
13.5
12.l
28.8
22.4
16.l
3.4
-9.8
13.1
13.0
-1.6
2
3
4
-2.7
-5.7
43.0
25.7
58.1
73.2
26.6
91.3
41.3
179.0
54.5
5
Di1CrepAncy·-unallocated aaeu
40
Zl, September 15, 1997
F.203 Net Interbank Transactions
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1
Net danae In lillbllltles
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1991-QI
Q2
49.4
50.S
89.8
,.,
-52.6
-78.6
-51.8
-102.S
22.3
-115.2
-33.9
1
13.0
13.5
-0.6
5.9
-IO.I
16.0
4.7
-4.9
-22.9
-9.7
-13.2
17.3
18.3
-1.0
2
3
9.5
Mone1aey authority
Deposi1Dey institution """'rves
Vault cash
0.9
2.7
-1.7
3.7
2.9
0.8
1.3
-4.2
5.5
1.3
-1.2
2.4
-0.5
-5.1
4.6
-25.4
-18.9
4
5
6
Commercial l:8nking
To monolllly authority
48.4
46.9
-2.9
88.5
-52.2
4.1
-53.2
-0.7
1.5
-108.4
7.4
17.6
8.3
~2.3
-3.6
-51.2
-1.5
8.7
0.7
~4.7
3.0
-4.4
5
6
50.3
45.6
92.8
11.1
-53.0
~1.9
-43.8
-111.5
5.1
-85.2
-21.9
7
48.6
46.3
19.3
6.6
-12.8
93.6
74.4
52.6
-21.7
10.7
-2.7
-14.7
-12.0
-47.8
-31.1
-1.9
29.2
-50.5
~3.2
-22.3
-47.8
-43.9
-9.3
34.7
-98.9
-47.2
19.7
66.9
6.0
~.5
-IO.I
-3.7
45.1
37.7
-50.2
19.9
27.0
7.1
-32.9
~7.6
22.6
90.2
8
9
10
11
2
3
7
8
9
10
11
To benkJ in foreisn countries
Liabilities, not
U.S.-<:bar1ered commercial benkJ
Due to fon,ign affilia1"8
- Due from fomsn aff'tlia11e1
~.5
-40.8
7.5
4
12
13
14
Fonoi8Jl l:8nking offices in U.s.
49.3
3.7
-45.6
29.2
-1.7
-30.9
27.1
1.4
-25.7
17.2
15.5
-1.7
-12.5
10.5
23.0
-5.3
-16.2
-10.9
-15.9
-2.3
13.6
-45.8
16.8
Due to fon,isn affiiia1n
- Due from fomsn aff'tlia1es
~.s
39.3
67.0
50.2
-91.6
-0.4
91.2
-36.6
-2.4
34.1
12
13
14
15
16
17
Bank holding companies
Due to fon,i8J1 affilia1"8
- Due from fomsn 1ff'tlia11e1
5.8
1.0
-4.8
-2.3
-2.3
-0.0
-7.8
-2.5
5.3
-3.8
-1.1
2.7
-4.1
-0.2
3.9
-4.4
-1.9
2.5
12.0
2.0
-10.0
-5.8
-1.8
4.0
-18.3
0.8
19.1
21.5
-1.3
-22.8
71.3
-0.3
-71.6
15
16
17
18
19
20
Leu: Deposill at fon,ign benkJ
U.S.-cbarlOred commeicial banb
Fonoi8J1 ba!UWl8 off'JCeS in U.S.
-1.7
-1.7
-OJJ
0.7
0.7
0.0
0.8
-0.4
1.3
-0.4
-2.5
2.1
5.2
5.2
-0.0
11.3
8.1
3.3
-4.1
2.9
-7.0
12.6
10.9
1.7
0.9
-1.1
2.0
35.1
31.9
3.2
-11.0
-7.0
-4.1
18
19
20
21
22
23
24
25
26
27
28
To U.S. ba!UW18, not
U.S.-<:barlOred commercial benkJ
Liabilitie,
To fon,ignofficea in U.S.
To bank holding companie1
Unallocated
Le11,duefrom:
Fomsn offices in u.s.
Bank holding companies
29
30
31
Fonoi8Jl banki"ll offices in U.S.
Due to u.s. benkJ
- Due from U.S. banb
32
33
Bank holding companies
Due to u.s. benkJ
- Due from U.S. banb
34
35
Nelc'-ln-
36
Rest of tho world
37
Domestic
38
39
40
Mone1aey authority
Federal Reserve float
Loans 1D memberbanb
43
Commercial l:8nking
Reserves at Fedeml Reserve
Vaultcaah
44
Saving• iJIIIL: Reserves at Fed. Res.
41
42
45
Diocrepancy--floell, ele.
-4.9
4.2
-2.7
-3.1
-3.3
9.3
-22.5
-4.4
4.2
26.5
-24.9
21
14.6
-10.6
-4.8
-0.9
-4.9
13.3
6.0
1.9
-0.1
4.2
5.6
4.9
8.1
-0.4
-2.7
-7.3
-8.1
-4.9
-0.1
-3.1
-23.5
-3.0
-0.3
-3.3
-58.5
-1.7
-11.0
-0.0
9.3
-1.6
-21.8
0.8
-0.1
-22.5
-24.2
-16.8
-13.4
0.9
-4.4
-9.7
13.8
11.6
-2.0
4.2
22.8
38.3
8.7
3.1
26.5
-15.4
-17.5
7.8
-0.5
-24.9
22
23
24
26
-21.8
-3.4
-10.5
3.2
~.s
-1.3
0.5
6.0
10.9
12.5
44.4
-13.5
~.7
7.5
-0.2
17.6
5.9
28.1
-12.5
-2.2
0.0
27
28
-17.0
-21.8
-4.8
-12.3
-10.5
1.9
-14.6
3.6
-1.3
-4.9
9.0
6.0
-3.0
23.5
12.5
-11.0
-14.3
-13.5
0.8
20.9
7.5
-13.4
6.0
17.6
11.6
19.4
28.1
8.7
-10.0
-2.2
7.J
29
-2.5
-3.4
-0.9
3.2
3.2
-0.1
6.2
5.8
-0.4
0.6
44.4
44.4
-0.0
~.s
~.7
-0.1
-1.0
-0.2
0.9
7.9
5.9
-2.0
-15.6
-12.5
3.1
0.5
0.0
-0.5
32
33
-0.1
11.2
10.9
-0.3
54.2
46.J
'2..6
13.1
-49.J
-117.9
-2'.J
-98.2
18.1
-111.7
.,.o
35
50.3
45.6
92.8
11.1
-53.0
~1.9
-43.8
-111.5
5.1
-85.2
-21.9
36
3.9
0.7
-0.2
2.0
3.7
-26.1
14.5
13.3
13.0
-26.5
12.9
37
3.0
2.5
0.5
-2.9
-2.3
-0.6
-1.5
-1.6
0.1
0.7
0.8
-0.1
-4.1
4.2
-0.1
-0.7
-0.3
-0.4
1.5
-0.9
2.4
7.4
3.3
4.1
8.3
14.6
~.3
-3.6
-19.3
15.7
-4.4
4.0
-8.4
38
39
40
0.8
2.5
-1.7
3.3
2.5
0.8
1.9
-0.0
-4.6
4.6
-25.4
-18.9
5.5
1.4
-1.1
2.4
~.s
13.7
14.3
-0.6
6.8
-9.2
16.0
4.8
-3.5
-4.7
9.5
-22.3
-9.1
-13.2
17.3
18.3
-1.0
41
42
43
0.1
0.4
-0.6
-0.1
-0.5
-0.0
-0.8
-0.9
-0.1
-0.6
-0.0
44
-4.9
4.2
-2.7
-3.1
-3.3
9.3
-22.5
-4.4
4.2
26.5
-24.9
45
5.8
~.s
8.1
o.s
~.6
25
30
31
34
41
Z.l, September 15, 1997
F.204 Checkable Deposits and Currency
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
1
2
3
4
5
6
7
8
9
Q2
Q3
Q4
--1997-QI
Q2
113.S
117.J
.,.1
·12.8
15.8
6.8
3.9
105.9
.53.4
81.J
5'.0
Moneta,:y aUlbority
Fede!:al govemment cash and deposits
Deposits due to foreign
Cunency outside banks
17.6
-10.3
-0.7
28.7
37.1
7.2
0.1
29.8
25.3
-7.7
-0.1
33.1
17.0
-1.2
0.2
18.0
23.S
1.7
-0.1
21.8
28.4
15.8
-0.6
13.3
-13.1
-35.2
0.1
21.9
46.3
22.6
23.1
32.3
3.7
-0.2
28.8
36.1
4.8
3.2
28.1
22.0
1.1
-2.7
23.6
Commercial banking
92.8
-5.9
2.3
96.4
74.1
12.1
-0.4
62.4
-31.7
-18.9
1.9
-14.7
-45.9
.4.7
0.8
-42.0
-34.6
9.7
2.6
-46.9
-47.4
9.6
-3.7
-53.3
-11.9
2.4
15.9
-30.2
34.9
39.S
-8.0
3.3
-114.0
-12.8
6.3
-107.4
19.4
-4.0
0.9
22.S
5.0
-14.0
9.7
9.3
Net chan&e In lillbilllles
Fede!:al govemment deposits
Deposits due ID foreign
Private domestic deposits
o.s
2
4
5
6
7
8
9
10
II
Savings illllitutions
Cffilit unions
-1.4
4.4
1.7
-5.4
2.0
14.1
2.1
25.4
1.6
25.3
0.4
22.S
6.4
25.1
-0.2
28.S
-0.3
26.1
-0.2
29.8
-2.7
10
4.5
12
Nelclmtpln-
113.S
117.J
-9.7
-12.8
15.8
6.8
3.9
105.9
-53.4
81.J
5'.0
12
13
Houaebold ,ector
97.0
48.3
-29.6
-42.4
-61.6
-23.9
-50.1
-40.9
-131.S
8.4
-36.9
13
14
15
16
17
Nonf'mancial business
Corpomte
Nonfarm nonoorporate
13.7
6.9
5.0
1.8
22.9
13.6
7.6
1.7
25.3
18.S
5.1
1.7
20.8
17.4
3.8
-0.4
50.S
35.2
31.6
55.1
51.S
70.1
41.7
37.9
60.0
54.7
0.8
14
15
16
17
18
19
State and local govemments
Fede!:al govemment
2.2
-16.9
1.4
20.7
2.S
-21.7
3.0
-0.0
20
22
Rett of tbe world
Cbockable deposits
Cunency
14.9
l.S
13.4
18.6
-0.3
18.9
25.2
1.8
23.4
23
Financial ,ec!Drs
0.4
8.0
21
FalDI
II
4.2
4.2
66.S
4.2
-0.6
-0.6
-0.6
-0.6
55.7
50.3
4.4
1.0
-2.3
11.0
-4.9
22.7
-0.7
-26.2
0.3
35.1
-4.1
12.2
5.3
10.2
1.3
-29.0
18
19
13.4
1.1
12.3
19.9
2.6
17.3
-14.0
.4.4
-9.6
34.0
16.0
18.0
22.1
-7.S
29.6
37.3
6.1
31.2
18.1
4.1
13.9
26.2
7.0
19.3
20
-3.8
2.2
2.0
-8.3
3.2
-3.2
16.0
-4.3
21.0
23
46.9
4.3
-0.6
4.4
4.5
21
22
24
25
26
27
Commercial banking
Saving, illllitutions
Cffilit unions
Bank penolllll trulU and eatsles
-0.S
-0.6
1.2
-0.1
-0.3
3.1
-0.1
-0.1
0.4
-1.S
0.0
-0.3
0.2
1.6
0.9
0.1
-0.2
-1.3
0.1
0.1
-0.8
-6.2
0.9
0.1
0.4
-1.3
-0.9
0.1
-0.3
2.9
-1.7
0.1
-0.1
-0.S
2.1
0.1
0.1
-4.5
0.0
0.1
-0.4
1.2
-0.0
0.1
24
25
26
27
28
29
30
31
life insumnce companies
Olbor insumnoe companies
Private pension fllllds
Slate and local goVL retirement funds
-0.6
0.2
-0.0
1.7
0.3
-0.4
0.1
0.7
0.6
-0.2
-0.1
-0.6
0.7
-0.2
-0.1
-2.2
0.3
-0.9
-0.1
0.0
-0.2
-0.2
-0.1
0.9
0.8
-4.2
-0.1
-1.1
0.1
1.3
-0.1
-1.9
0.6
-0.6
-0.1
2.3
0.9
1.2
-0.1
-2.9
-0.3
0.7
-0.1
1.8
28
29
30
31
32
33
34
35
Money market mutual funds
Govemment-sponsored enterprises
Finance companies
Brobrs and dealers
-2.4
-0.0
0.2
1.4
0.9
0.4
1.9
-1.3
-0.9
0.4
-0.3
-1.0
0.2
0.4
1.7
2.4
-0.8
0.4
1.9
2.3
-2.1
0.4
-3.3
0.8
-1.2
0.4
9.6
-3.S
-0.4
0.4
-0.1
9.9
0.6
0.4
1.4
2.8
0.8
0.4
-3.1
-0.1
8.0
0.4
9.7
32
33
34
35
2.2
-2.8
-7.6
-9.8
-3.6
-0.1
-11.S
22.4
-25.0
-12.0
11.3
36
36
Mail float
1.3
42
Zl, September 15, 1997
F .205 Time and Savings Deposits
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Net c..... in lillbllllin
2
Small time and savings deposits
4
5
6
Commercial 'banlcq
U.S.-charleffll oommen:ial banks
Fomgn bonkilll! offices in U.S.
Banks in U .S.-affiliated areas
7
8
Credit uniom
9
Saving1 illllitutioDI
urge time deposits (I)
10
11
12
13
Commercial 'banlcq
U.S.-charleffll oommen:ial banks
Fomgn 'banlcq office• in U.S.
Banks in U.S..affiliated an,as
14
15
Credit unions
Savings illllitutiona
-130.4
-93.8
-20.4
.57,2
-70.3
-40.0
2.7
2.1
0.2
0.4
-11.9
-10.9
--0.8
--0.2
-1.1
--0.7
.75.5
15.5
-68.1
9.8
-73.2
-23.5
-66.8
-76.2
9.0
0.4
-21.0
-20.0
--0.8
--0.2
-7.9
1.6
-3.6
1.1
1'2.1
Q3
Q4
79.9
274.4
224.S
Q2
--1997-QI
Q2
1.65.0
96.5
97.1
207.7
-3.2
92.7
91.2
165.0
30.2
2
0.8
113.7
113.3
--0.7
1.2
122.9
122.8
0.1
0.0
209.4
209.7
-1.2
0.9
45.0
46.1
-2.4
1.2
80.5
81.6
--0.2
--0.9
156.8
153.7
4.3
-1.2
188.4
146.2
43.6
-1.4
77.2
90.3
·11.3
-1.8
3
4
5
6
.44.4
5.5
-28.9
11.6
-38.1
12.3
-30.9
29.1
.41}.1
1.6
12.7
--0.6
-84.6
19.0
-45.9
22.5
-64.1
17.1
7
8
19.6
65.6
113.9
57.4
83.1
181.8
133.2
48.1
177.4
9
21.3
17.9
2.6
0.8
54.8
42.6
11.0
1.2
10~5.l
41},0
41},S
55.6
0.0
30.4
17.7
0.9
83.8
63.7
18.9
1.2
150.6
65.0
86.4
--0.9
137.2
39.1
99.3
-1.2
36.6
22.5
15.5
-1.4
166.9
72.0
96.6
-1.8
10
II
12
13
-2.1
0.4
9.2
1.7
6.3
2.4
6.3
2.1
-2.4
1.8
28.2
3.0
-7.0
3.0
8.6
3.0
7.2
3.4
14
15
-1.1
213.2
207.7
211.0
1,
Netc..... l n -
.130.4
-93.8
-20.4
1,2.1
211.0
2'5.9
79.9
274.4
224.S
213.2
207.7
1,
17
Ho,-boldaec11>r
-74.6
-113.0
-10.4
150.5
174.0
246.4
64.6
179.8
205.2
177.4
194.5
17
18
19
20
Nonf'UIIDCial buliness
-17.2
-15.0
-2.2
28.8
22.3
6.5
1.6
-6.6
8.2
4.8
-1.5
6.3
5.5
1.1
4.4
-8.5
-12.9
4.4
24.8
20.4
4.4
31.2
26.8
4.4
-25.4
-29.8
4.4
-32.5
-34.9
2.4
-17.4
-19.9
2.4
18
19
20
21
22
23
Sla11e and local govemments
Fedeml govemment
Rat of the world
-5.9
-5.0
--0.7
·I.I
--0.1
6.8
6.0
--0.1
1.5
9.9
0.3
-6.6
8.5
1.4
6.3
9,4
0.4
11.0
11.4
13.2
-6.8
7.1
-4.1
28.3
6.2
-3.7
-7.3
-11.1
0.2
9.7
10.9
3.4
7.0
21
22
23
24
flnancialleCll>rs
-30.9
-11.4
-18.9
3.2
15.1
6.4
-27.3
32.1
49.4
69.5
9.3
24
-1.3
0.3
-5.2
--0.7
-1.3
-1.1
-1.8
-8.9
1.6
--0.2
0.4
-1.0
0.3
--0.7
-1.1
--0.4
4.5
-1.1
--0.1
-3.0
-1.3
1.6
-3.6
-1.1
--0.1
--0.8
--0.8
--0.1
7.0
--0.4
--0.1
--0.2
--0.2
25
26
27
-22.1
-2.1
--0.5
-8.4
2.7
·2.8
-6.1
-3.2
--0.5
-15.1
-1.3
20.9
-13.6
--0.1
30.4
-12.0
-1.7
17.1
-15.5
0.6
-8.1
-15.2
--0.7
51.1
-11.7
1.4
61.4
-15.3
11.6
66.8
-15.4
-2.9
28.0
28
29
30
Co,pom11e
Nonfarm nonco,po,alle
25
26
27
Savings illllitutioDI
Credit unions
Bank per,onal 1111111 and e1111111e1
28
29
30
Private pension funds
Sla11e and local govt. retirement funds
Money nmet mlllllal funda
(1) urge time depoaits are tbole iuuod in amounts of $100,000ormore.
F .206 Money Market Mutual Fund Shares
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1
NetilaNe
4.5
20.2
43.3
142.3
145.8
W.6
23.1
145.1
187.S
1112.4
511.5
2
Netpurdmm
4.5
20.2
43.3
142.3
145.8
227.6
23.1
145.1
187.S
182.4
!lfl.S
2
Ho,-boldaec11>r
Nonfmancial a,,poralle buaineu
Nonfarm nonco,po1811e buaines1
-40.9
15.8
0.1
--0.6
-2.5
0.3
13.4
7.4
0.1
100.3
24.8
0.1
79.0
7.2
0.2
154.5
11.5
0.2
-26.0
2.6
0.2
87.6
5.0
0.2
99.9
9.8
0.2
134.8
12.6
0.3
--0.5
6.8
0.3
3
4
5
Bank penonal 1111111 and e1111111e1
Ufe inau,ance companies
--0.3
5.4
1.0
23.5
0.1
6.4
6.5
10.1
0.6
-15.3
5.3
31.8
2.1
6.6
6.0
2.4
9.4
17.9
4.7
27.3
7.1
15.4
6.5
32.4
9.7
15.4
0.6
20.5
10.7
15.4
2.6
23.4
10.2
25.4
9.0
32.9
10.2
16.0
1.6
7.0
10.3
24.7
5.6
11.3
6
7
8
9
3
4
5
6
7
8
9
Private pension funds
l'llnding oo,porationa
43
Z.l, September 15, 1997
F.207 Federal Funds and Security Repurchase Agreements
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Net ...... In lillbillllH
Q2
Q3
Q4
--1997-QI
Q2
43.1
71.2
711.3
110.7
Y'-7
-4.7
'8.5
-15.9
77.0
51.8
217.3
2
3
4
5
Commercial banking (net)
U.S.-cbarllered commercial banks
Foreign banking offices in U.S.
Bank holding compmies
18.2
17.4
0.7
0.2
41.5
45.4
-4.3
0.4
78.2
71.7
6.7
-0.2
30.5
28.3
1.8
0.4
41.1
28.7
12.0
0.4
24.7
12.7
11.4
0.6
79.9
56.7
23.3
-0.1
16.4
16.4
-0.6
0.6
43.3
29.1
13.8
0.4
78.1
43.4
33.9
0.8
91.2
92.4
-0.7
-0.6
2
3
4
5
6
7
8
Savings institutions
RElfs
Broken and dealers (net)
-1.0
1.9
24.0
7.5
2.1
20.0
18.4
4.7
-23.0
-0.0
1.2
79.0
-0.9
1.6
-3.1
2.1
1.0
-32.5
19.9
-2.8
-14.3
1.7
-19.7
-11.2
2.3
42.6
7.8
1.3
-35.5
1.0
2.2
123.0
6
7
8
JU
25.1
21.0
55.5
14.6
-32.4
-26.3
117.5
-0-'
153.8
50-'
3.4
4.6
20.9
-2.6
10.7
16.9
-0.3
-15.1
-12.0
0.2
-27.0
21.0
1.4
-1.9
3.2
-0.1
-40.5
19.6
7.4
-19.6
15.4
1.3
14.1
0.3
-3.1
38.5
-22.5
-0.7
28.5
52.2
5.9
23.2
-2.7
10
11
12
9.5
0.1
48.4
61.2
11.8
-11.4
-29.5
101.7
-13.5
73.8
24.2
13
-7.8
-0.6
0.4
S.I
0.2
7.7
-1.2
-4.9
-12.6
-0.0
0.2
-14.3
-7.8
-7.8
34.9
2.6
-12.9
22.9
0.4
0.8
-19.3
-2.6
10.7
-4.2
1.8
-11.2
14
4.8
-S.l
-2.6
-4.1
-2.3
3.3
-3.9
16
-0.9
3.6
0.2
-2.3
9.5
7.9
8.1
-0.1
-1.6
-2.1
3.9
7.0
8.1
4.1
-1.6
-23.0
3.5
0.6
12.0
2.3
22.0
-5.4
1.9
2.4
10.6
4.4
-1.2
12.4
0.2
-2.2
17
18
19
-1.0
9.7
-1.0
0.4
16.8
-16.2
2.4
16.0
-2.7
-11.8
15.0
25.9
-15.3
-9.2
7.9
13.6
-2.2
IS.I
25.3
0.3
-34.S
-36.0
42.9
22.1
6.4
-20.7
23.7
35.4
19.0
7.1
20.5
24.S
20
21
22
4.7
46.1
57.3
SS.l
24.2
27.7
124.8
-133.3
77.6
-102.1
166.7
23
'
Netc...,.ln-
10
11
12
Slate and local govemments
Rest of the world
Nonfmancial corporate business
13
F'mancial secton
IS
Monetary authority
Savings institutions
16
Credit unions
17
18
19
Other inaumnce companies
Private pension funds
S1Bte and local govt. retirement funds
20
21
22
Money market mutual funds
Mutual funds
Govemment-sponaored emerptiaes
14
23
Disc:repancy--lllllllocatied auets
S.6
4.4
1.5
S.6
7.1
'
IS
F.208 Open Market Paper
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Total net I - al typn
2
Commercial paper
3
4
Nonfmancial corporate business
Foreign issues in U.S.
s
Pinsncia1 sec:ton
Commercial banking
ABS issue"
Finance companies
RE1Ts
13.1
-5.1
35.7
74.3
1W
JU
124.2
107.7
142.1
1,u
109.4
17.0
2.5
38.6
75.1
101.6
34.6
127.1
103.7
141.1
196.4
104.8
2
8.6
10.0
-9.0
21.4
-27.3
18.1
13.6
-0.9
10.9
25.7
-5.4
9.1
8.9
-14.2
37.8
-24.4
2.2
7.8
16.2
21.4
10.0
3
4
91.7
1.9
45.4
9.0
0.0
35.4
14.3
1.6
38.1
80.2
163.3
-4.S
73.5
10.0
51.8
13.3
0.0
20.1
61.1
-0.2
0.0
106.9
172.4
-0.8
47.6
42.6
0.0
83.0
s
-S.l
35.0
6
7
0.0
.34.9
109.0
15.5
30.8
13.4
0.0
"9.3
41.6
0.0
·13.2
9
10
S.2
1.5
S.2
44.S
S.9
4.7
-0.1
-0.3
-7.9
12.4
22.5
-0.6
4.2
43.4
-1.4
37.3
-2.9
-0.0
10.5
10
Fundin8 corporations
3.2
-3.9
8.1
-{;.0
-0.0
4.9
11
Banke" acceptances (1)
-3.9
-7.7
-2.9
-0.8
1.0
1.8
•2.9
4.0
1.0
3.0
4.6
11
6
7
8
9
9.4
8
12
Net pure'-, by -
13.1
-5.1
35.7
74.3
1W
JU
124.2
107.7
142.1
1,u
109.4
12
13
Ho111ehold sec:tor
15.6
2.4
3.7
5.9
1.2
-0.6
4.4
6.0
10.8
37.7
23.6
2.7
28.0
2.3
-30.6
39.6
-0.3
2.8
29.6
13
14
2.5
45.4
37.1
12.2
1.7
20.9
47.4
-1.2
1.8
-"9.9
8.4
4.6
18.6
22.7
10.8
2.2
11.l
S.l
Nonfmancial corporate business
S1Bte and local govemments
Rest of the world
-3.3
2.3
5.2
1.6
13.3
14
15
16
16
17
18
19
20
21
Monetary authority
Commercial banking (1)
Savings institutions
Credit unions
Bank penonal tl\lSts and es1Btes
0.0
-1.4
-0.7
0.4
-2.5
0.0
-1.9
-0.3
-0.7
-3.2
0.0
-1.5
-0.2
-0.1
3.5
0.0
-0.1
0.0
-1.6
0.2
0.0
0.8
0.1
-0.3
-0.4
0.0
1.7
0.1
-0.9
-0.3
0.0
-4.7
0.0
-0.3
-0.6
0.0
-2.3
-0.1
-0.3
-0.6
0.0
8.4
0.6
0.5
-0.2
0.0
-{;.4
-1.2
-0.4
0.2
0.0
-0.4
-0.1
0.9
0.5
17
18
19
20
21
22
23
24
Life insumnce companies
Private pension funds
Slate and local govt. retirement funds
-2.5
1.9
2.4
3.6
3.6
0.2
5.9
9.5
7.9
-7.3
-0.1
-1.6
2.9
3.9
7.0
25.2
4.1
-1.6
8.1
3.5
0.6
-5.7
2.3
22.0
-15.9
S.6
7.1
18.4
4.4
-1.2
9.7
0.2
6.6
22
23
24
25
Money msrut mutual funds
Mutual funds
-17.0
9.7
2.7
1.2
13.3
-9.1
16.8
-1.7
-0.3
-39.6
22.7
4.4
14.4
-3.7
-38.4
48.4
38.4
-3.1
9.6
2.1
-5.3
38.9
-13.4
6.2
-21.2
41.8
37.9
3.5
0.1
12.6
-3.8
46.4
15.6
30.3
-17.9
36.7
24.4
-29.5
108.6
13.1
31.2
7.2
15.1
-0.0
26.l
10.8
6.8
-23.2
26
27
28
29
26
27
28
29
Govemment-sponaored enterprises
Broken and dealen
Fundin8 corporations
(1) Excludes banks' holdings of own accep1Bnces.
1.1
7.1
-0.8
10.9
-18.4
-4.6
-7.4
-29.6
-8.8
IS
25
44
Zl, September 15, 1997
F .209 Treasury Securities
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
--1991--
1996
QI
Q2
Q3
Q4
QI
Q2
303.8
2411.3
155.7
142.!J
14U
229.6
60.S
166.3
130.2
BU
.'7.3
1
19.I
284.6
14.7
233.7
8.0
147.7
5.1
137.9
2.0
144.6
1.6
227.9
3.4
57.1
2.6
163.7
0.5
129.7
-3.6
86.2
-0.1
-97.2
2
3
303.8
2411.3
155.7
142.!J
14U
229.6
60.S
166.3
130.2
BU
-'7.3
4
Ho111ehold sector
Savings bonds
Other Treelllll)' iuues
79.7
19.I
60.5
21.2
14.7
6.6
182.4
8.0
174.4
11.7
5.1
6.6
-33.9
2.0
-35.9
-95.7
1.6
-97.3
45.1
3.4
41.7
-36.8
2.6
-39.4
-48.3
0.5
-48.8
-192.0
-3.6
-188.4
-196.9
-0.I
-196.8
5
6
7
8
9
10
Nonf"mancial c:orporale buainess
Nonfarm noncorporaee buainoss
S1a1IO and local govemmenr.
17.2
0.7
-17.4
-11.8
0.3
29.6
2.0
0.7
-77.8
-4.8
0.4
-132.1
3.4
0.5
-62.5
3.0
0.5
-6.4
18.8
0.5
-108.9
-1.8
0.5
-87.6
-6.4
0.5
-47.2
20.8
0.5
-70.9
-2.5
0.5
-46.6
8
9
10
II
12
Rest of the world
Mono1aiy alllbority
55.6
28.5
73.3
37.0
65.0
32.5
168.5
13.7
266.8
12.7
274.4
17.9
113.1
12.3
275.5
11.8
404.4
8.8
284.4
38.3
150.2
49.2
II
12
13
14
15
16
17
Commen:ial ban1ciJ18
U.S.-<:borlered commercial banks
Foreign banking office• in U.S.
Bank holding c:ompllliel
Bank& in U.S.-affiliallOd afflll
61.9
46.6
8.7
5.1
1.5
27.8
20.6
6.5
-0.8
1.5
-31.8
-27.0
.3.5
-0.7
-0.6
-11.7
-40.4
29.6
-1.2
0.2
-17.0
.34.7
18.4
0.6
-1.4
-23.2
-41.4
22.0
-2.4
-1.3
11.9
-5.8
17.0
-0.1
0.8
-24.6
-23.6
-0.7
2.2
-2.4
-32.3
-67.7
35.4
2.8
-2.8
37.5
-16.5
53.1
-1.8
2.7
-39.I
-3.2
-32.9
-2.7
-0.2
13
14
15
16
17
18
19
20
Saving, inatitutiona
Credit union&
Bank penonal IIUltl and e11111IOI
9.0
5.9
-0.8
-5.7
2.6
0.3
-I.I
-0.5
-0.6
-8.7
-3.8
-3.3
-1.0
-0.9
2.9
1.4
4.0
0.9
2.8
-1.0
3.0
-7.0
-3.3
4.0
-1.3
-3.3
3.8
-1.5
-2.0
4.1
-2.6
-3.3
-0.7
18
19
20
21
22
23
24
life insurance companies
Other insurance companies
Private penlion fundl
Slaa, and local govt retirement funds
10.2
2.6
11.2
-3.0
20.1
14.2
15.7
16.9
-2.9
9.4
10.0
8.8
1.0
0.5
18.2
8.4
-14.9
-12.6
8.9
9.8
-9.1
0.5
16.9
23.2
-20.6
-18.9
7.8
33.8
4.5
-15.4
8.3
-12.6
-34.3
-16.5
2.6
-5.2
-0.0
0.9
11.0
17.4
-19.3
•24.3
12.7
-10.0
21
22
23
24
25
26
27
28
29
Money market mutual funds
Mutual funds
ao..d~nd funds
Govemment-sponsored elllorprioes
Broken and dealers
0.2
36.0
1.7
17.9
-13.3
1.0
31.4
2.0
-7.1
-20.7
-13.3
-6.8
0.4
-14.4
3.8
11.2
3.0
6.1
61.0
20.3
8.9
1.2
-12.9
-33.0
64.5
32.5
1.9
-25.3
-52.2
8.8
4.9
1.4
22.7
-n.2
5.6
.4.5
I.I
8.1
40.4
2.1
2.8
0.4
-57.3
-43.0
-30.9
12.6
0.1
-8.1
-39.6
1.3
18.6
-0.6
13.1
2.9
25
26
27
28
29
304.0
256.1
155.9
144.4
145.0
227.3
62.7
163.2
126.9
81.2
-97.1
30
1
2
3
4
5
6
7
Net .....
Savings bonds
Other Treelllll)' iaaues
Netpun:'-a
-6.2
Memo:
30
Federal govemment bom,wing (I)
(I) Total issues ofTreelllll)' aecurities (lable F.209, line I) plus budget agency aecurities (lable F.210, line 2) and federal mortgage bom,wing (1able F.217, line 12).
45
Z. l, September 15, 1997
F.210 Agency Securities (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
1S6.1
173.1
292.S
205.6
nu
u,.s
303.6
219.8
249.S
104.3
286.4
0.2
40.3
115.6
7.8
80.6
84.7
0.2
176.9
115.4
1.5
105.9
98.2
-1.6
90.4
141.1
-2.3
31.4
117.4
2.2
126.9
174.5
-3.1
80.0
142.9
-3.3
123.3
129.6
-1.4
-8.9
114.6
0.2
198.1
88.1
2
3
4
1SU
173.1
2'2.5
205.6
229.9
u,.s
303.6
219.8
249.S
104.3
:ZIU
s
Household sec1Dr
Nonflll8DOial corpomte business
Slate and loeal govemmentB
37.7
3.5
12.2
-34.3
-32.9
-1.0
37.3
68.7
8.5
0.2
-27.8
-7.5
10.6
146.3
14.8
99.0
137.7
10.0
-69.0
18.8
16.5
-39.8
91.9
-31.4
-38.0
59.5
-2.5
24.2
6
7
0.1
157.3
0.8
11.6
9
10
11
Fedeml govemment
Rest of the world
Monetary alllhority
0.0
18.3
-0.6
0.0
35.4
-0.8
0.0
21.7
-1.0
0.0
28.7
-1.0
0.0
48.9
-0.4
0.0
57.8
-0.4
0.0
27.7
-0.6
0.0
53.5
-0.3
0.0
56.8
-0.3
0.0
32.3
-0.9
0.0
41.1
-2.0
9
10
11
12
13
14
Commercial banking
42.8
38.9
2.9
-0.2
1.1
44.7
36.2
7.4
0.9
0.2
5.5
1.8
38.7
23.4
14.3
-0.2
1.3
28.2
15.3
12.4
0.3
0.2
15.3
7.9
7.3
0.2
-0.1
9.7
4.9
5.6
0.3
-1.2
8.6
-4.3
11.5
-0.5
1.9
79.2
52.6
25.3
1.0
0.3
58.8
37.0
20.1
54.1
37.2
10.9
2.6
3.3
12
13
14
15
16
-2.0
9.1
-0.8
4.2
7.7
0.9
12.6
4.5
-0.5
4.7
4.9
-2.0
-8.5
4.9
1.6
-2.9
4.8
0.4
4.9
8.9
1.6
-19.3
2.6
2.2
-16.8
3.5
2.1
-0.5
2.3
14.1
-0.9
7.5
17
18
19
27.7
-0.3
5.1
-12.8
27.6
1.3
8.0
-4.7
11.3
1.6
4.3
8.0
8.7
2.3
10.1
17.6
1.3
2.8
-15.0
0.4
10.1
18.4
-18.0
-2.2
4.3
7.7
31.1
1.4
3.5
6.5
7.0
11.7
0.2
9.8
-4.3
0.3
6.3
3.4
8.8
12.4
7.2
18.0
20
21
22
23
13.6
20.8
12.3
-29.3
-1.0
13.5
17.9
18.4
14.9
7.8
9.4
-3.6
63.1
1.6
-15.8
13.7
7.7
57.4
1.6
-19.5
9.0
1.2
21.6
22.5
55.9
-1.8
-16.0
-26.6
3.4
411.1
-19.3
-7.2
20.1
-3.1
55.5
-14.3
-6.8
28.9
1.9
78.0
-42.5
34.8
-39.0
8.7
58.9
-39.0
-5.6
4.9
13.0
46.1
-18.7
-0.4
24
25
26
27
28
Net-2
3
4
s
6
7
8
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Budget agencies
Govemment-sponsored entetpriles
Fedemlly related mortgage pools
Netpun:-
U.S.<bartered commercial banb
Foreign banking offices in U.S.
Bank holding companies
Banks in U.S.-affiliated areas
Savings inatituliona
Credit unions
Bank penonsl ttus!B and el1ateS
life inaumnce companies
Other inawance companies
Private pemion flllldo
Slate and local govt retirement funds
Money matbt mutual flllldo
Mutual flllldo
Govemment-sponsored entetpriles
ABSitauen
Brokers and dealen
10.5
1.5
1.7
0.5
4.5
10.6
11.0
6.2
59.6
-1.5
3.2
0.1
(1) Agency oec1Elie1 include: i11uea offedoral budget agenciea (line 2) such u those for the lVA; illuea of govemmeu-lpOOIOl'ed enterprilel (line 3) such u FNMA and FHLII;
and fedeially ,elated mongage-bachd KCISitiea ilsuod by ONMA, FNMA, FHLMC, and the Farmen Home Adminiatmtion (line 4). Only the budget agency i11ue1 an, comidered
off'Jcially 1D be part of the toeal bom,wiqi of the fedeiai govemmem, which ii shown in iable F .209, line 30.
8
46
Z.1, September IS, 1997
F.211 Municipal Securities and Loans
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
1
Net ...... In llablllliea
2
3
4
Slate and local govemments
s
Nonprofit o,pnizaliona (2)
Nonfinancial coq,orate business
6
7
Short-term (I)
Long-tenn
(lndusaial revenue bonds)
Netc..... l n -
Q2
Q3
Q4
--1997-QI
Q2
30.S
74.8
-35.9
... .2
1.3
-4.1
30.2
"'5.2
44.2
23.2
76.S
21.3
-I.I
22.3
62.9
1.8
61.1
-45.3
-2.2
-43.2
-41.4
1.2
-42.7
14.S
39.9
5.8
34.0
-48.9
4.7
-53.7
57.8
14.7
43.1
37.1
-4.2
41.3
86.4
9.S
9.4
-5.3
14.7
80.S
2
3
4
9.3
11.9
14.S
5.8
4.3
4.1
3.8
4.1
5.1
4.0
3.3
5
-0.0
-0.1
-5.1
-12.6
-17.S
-17.S
-13.4
-20.4
-18.6
-17.9
-13.1
6
30.S
74.8
-35.9
....2
1.3
-4.1
30.2
"'5.2
44.2
23.2
76.S
7
9
s.o
S.9
8
9
10
HoUIObold secll>r
Nonf,nancial coq,orate business
Slate and local govemments
-27.2
1.0
·I.I
-27.2
8.9
-1.0
-55.8
2.0
-0.9
-58.1
-1.3
-0.S
-31.0
-7.6
-0.2
-20.6
-11.9
-0.2
-11.1
14.2
-0.2
-81.9
-7.7
-0.2
-10.S
-24.9
-0.1
~.8
3.2
-0.0
23.0
7.9
0.0
11
12
13
Commercial banking
Savings inatituliona
Bank penonal lnllta and ell1ates
-5.1
-1.6
-0.1
5.3
-4.2
-0.0
-11.1
0.9
0.1
0.6
0.4
0.0
-3.1
-1.6
-0.0
I.I
-0.3
0.4
2.7
5.0
I.I
-0.6
o.s
-0.4
6.1
1.7
0.1
12.9
3.2
10.4
0.1
0.2
-1.9
7.4
0.0
-0.3
-0.9
7.0
0.1
0.2
1.5
14.4
0.1
0.0
1.8
8.1
0.1
-0.6
-0.9
16.0
0.1
-0.1
9.6
14.3
3.2
26.7
7.8
4.9
5.2
5.0
16.8
3.1
4.9
1.0
-2.7
-0.3
-1.9
14
life iDllllllDCO companies
15
Olbor inaumnce companies
16
17
Private pension funds
Slate and local govt. ietimnent funds
I.I
6.3
-0.0
0.1
18
19
20
Money mmht mutuol funds
Mutuol funds
Clooed..,nd funds
5.4
28.7
14.3
42.9
7.9
7.8
-4.3
7.4
21
22
Govemment-sponaoied enlerprile1
Bmkml and deelen
0.2
1.9
-0.6
5.8
0.8
-1.7
8
10
1.5
0.4
1.3
11
12
13
0.6
1.3
0.1
-0.2
5.1
14
0.0
0.7
4.0
28.S
0.0
-0.0
17.S
0.1
0.1
16
17
5.0
12.8
1.3
4.8
22.S
1.4
4.9
16.7
3.7
4.8
8.0
3.0
4.8
18
19
20
-1.9
-15.4
0.9
-0.3
-0.2
-3.7
-0.2
11.9
1.2
-3.2
-2.0
21
22
2.0
I.I
5.0
0.1
1.7
6.6
15
(I) Debt with originol aaturity of 13 IDOlltha or lea,.
(2) Liability of the bouoemldund aonprofil orpnl,.atiom scctor (lable1 F.100 and LIOO).
F.212 Corporate and Foreign Bonds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Net . . . .
16'.9
280.8
WAi
311.8
273.0
259.3
302.4
104.2
:nu
114.3
'lllJ.7
2
3
Nonf,nancial coq,orate business
Reat of !be world (I)
67.6
16.8
15.2
82.9
23.3
12.2
73.3
~.7
72.S
~-4
60.9
47.7
71.S
11.2
67.8
60.2
89.9
78.S
79.4
11.0
86.1
29.7
2
3
4
Rmncial aecton
85.6
14.S
-3.2
122.8
7.2
-1.S
118.1
7.7
-0.8
188.8
18.S
-0.0
151.1
7.8
-0.4
150.6
-20.7
-0.8
219.6
22.S
0.8
76.3
10.7
-1.4
157.8
18.6
-0.1
-{;.!
12.0
-0.3
173.9
38.2
-1.3
5
~.2
9.6
1.0
2.7
11.7
78.1
13.0
0.3
12.0
13.6
56.4
32.2
2.0
95.6
53.3
24.4
100.8
30.1
1.8
-31.8
71.1
132.0
20.0
87.0
29.8
2.8
-2.0
26.1
2.5
13.2
13.6
36.4
13.2
3.0
5.7
8.7
78.S
40.9
3.9
4.9
11.1
10.S
-32.4
2.3
-2.9
4.6
82.0
3.8
42.4
-42.4
7
8
9
10
11
16'.9
280.8
153Ai
311.8
273.0
259.3
302.4
204.2
326.2
84.3
'lllJ.7
12
54.8
5.1
58.1
-9.S
0.3
78.3
24.6
-1.7
74.2
78.9
0.9
75.4
-83.6
0.3
88.7
-57.8
1.4
74.8
-216.1
1.8
86.2
11.9
2.4
80.9
13
14
15
1.4
. 4.7
2.7
-7.1
-0.3
1.0
-7.3
0.0
6.7
-30.7
-0.2
20.0
-2.9
-0.2
15.0
16
17
18
96.7
23.2
26.6
1.5
158.2
4.7
20.S
3.7
69.3
1.0
34.0
18.S
70.6
5.3
35.9
5
6
7
8
9
10
II
12
Commercial banking
Saving• inatitutiona
ABSiuuen
Finance companies
REifa
Bmkml and deelers
Funding coq,orations
Netpurea-
o.s
2.0
.s.o
35.0
51.2
4
6
HoUIObold secll>r
Slate and local govemments
Real of the world (2)
-5.0
41.4
2.9
18.1
5.6
30.4
1.3
5.4
38.0
Commercial banking
Saving• inatitutiona
Bank penonal lnllta and ellates
-1.6
7.3
6.2
3.5
9.1
-I.I
4.3
-2.4
-0.4
8.4
-8.2
-3.1
-9.9
5.3
-0.S
-1.3
19
20
21
22
life inaumnce companies
Olbor inaumnce companies
55.0
7.2
22.7
5.6
90.7
12.7
33.8
-2.7
79.2
17.3
27.9
6.3
38.0
Private pension funds
Slate and local govt. ietimnent funds
58.3
3.3
22.2
10.4
59.9
-1.2
23.0
19.6
36.3
14.8
23.8
35.7
28.3
5.2
23
24
2.5
31.0
2.2
5.4
50.6
4.4
3.4
3.2
-4.4
6.4
23.3
5.4
2.4
33.8
3.2
12.4
39.2
4.1
1.6
40.4
3.4
-1.9
18.3
3.1
-2.6
37.1
2.2
9.8
23.9
1.8
5.5
47.4
1.0
23
24
25
Money mmht mutuol funds
Mutuol funds
C(o,ed..,nd funds
26
27
28
Govemment-sponaoied enlerprile1
Bmkml and deelen
Funding coq,oraliona
0.0
10.0
0.0
I I.I
22.2
4.0
8.5
-8.7
10.0
5.5
12.0
9.8
5.6
14.S
22.8
-7.6
-4.1
24.I
-11.S
0.0
24.9
-2.8
13.1
27.3
44.1
-3.2
28.4
12.0
0.2
7.1
4.1
26
27
28
13
14
15
16
17
18
(I) Net pu,cl,uea of forelgni11ues by U.S. reaidem.
(2) Net pu,cl,uea oi U.S. iuues by foreign reaidem.
5.6
~.o
14.9
-2.8
-0.3
5.6
19
20
21
22
25
.
47
Z.l, September 15, 1997
F.213 Corporate Equities (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
Qi
1
Net . . . .
Q2
Q3
Q4
--1997-QI
Q2
103.4
130.1
24.1
.2.3
3.8
21.S
82.1
.u.s
4.9
.st.0
.Ju
2
Nonfmancial oorporate business
27.0
21.3
-44.9
-58.3
-64.2
-73.6
0.4
-127.6
-56.0
-86.2
-83.6
2
3
Rest of the world (2)
32.4
63.4
48.1
50.4
58.8
90.1
70.1
32.7
42.3
47.0
55.6
3
4
Financial aec11>rs
Commercial banking
Other insU1Bnce companies
44.0
20.2
5.5
18.2
2.0
-1.9
45.4
7.3
7.4
16.2
13.2
1.3
20.9
-3.3
6.5
1.9
11.1
4.7
5.6
-8.7
7.1
7.2
8.3
-8.1
9.2
-14.3
11.0
6.8
12.3
-6.5
5.1
-10.6
7.0
5.9
7.9
-5.1
11.6
-10.8
8.0
6.9
11.0
-3.6
1.5
-21.2
8.0
7.3
13.2
-19.8
-52.7
2.8
4.7
21.7
3.8
-8.1
-30.8
6.8
4.8
5
6
7
-5.8
18.6
-14.8
20.8
7.0
17.2
-11.7
26.1
-15.1
9
103.4
130.1
24.1
.2.3
3.8
21.5
82.1
-93.S
4.9
-SM
.JU
10
24.8
1.5
-5.6
-68.4
1.5
20.9
-143.0
1.3
0.9
-158.7
1.6
16.6
-273.3
1.4
12.2
-184.1
2.0
13.3
-216.1
1.3
26.1
-344.0
0.6
-3.2
-348.8
1.9
12.8
-283.5
0.9
26.5
-326.4
1.8
90.4
II
12
13
-0.4
0.3
-37.0
0.9
1.7
-55.2
-1.4
-1.8
-8.8
2.1
0.7
-17.9
1.8
0.6
-23.2
0.7
3.0
-24.2
1.7
-1.1
-26.4
1.9
0.0
-22.1
2.7
0.6
-20.0
-18.0
-13.2
-21.2
-1.4
0.9
-17.9
14
15
16
39.1
-0.6
-1.8
17
18
19
20
5
6
7
8
9
10
Clooed-end funds
REifs
Brokers and dealers
Netpurc'-a
II
12
13
Household aeclllr
Slate and local govemments
Rest of the world (3)
14
15
16
Commercial banking
17
18
19
20
Ufe iDSUl8nce oompanies
Other insU1Bnce a>mpanies
Private pension funds
S1111e and local govt relimnent funds
12.4
-0.4
30.8
17.7
36.3
0.8
15.5
50.9
61.8
1.1
-8.0
19.1
18.6
-1.5
6.6
-40.6
42.1
2.1
-2.3
53.7
-10.0
-1.2
-22.0
51.9
52.7
11.0
-3.6
2.9
47.7
9.1
5.3
87.7
77.7
-10.6
11.3
72.2
34.6
13.9
-7.9
41.5
65.0
21
22
23
Mutual funds
Clooed-end funds
Brokers and dealers
59.8
-0.0
-0.6
115.3
1.8
8.1
100.8
5.2
-3.4
87.4
-6.2
7.7
193.0
-2.5
-1.9
229.5
-5.0
-32.3
224.5
-2.9
12.0
139.2
-1.7
-14.0
179.0
-0.5
26.5
166.0
-2.0
3.3
121.7
-0.5
-6.4
Savings institutions
Bank personal tnllts and es111tes
4
8
21
22
23
( I) Excludes minol fund 1bue1 shown on bible F.214.
(2) Net pwcl,ue1 of foreign i11ues by U.S. residem; includes American Depositary Receipts (ADRs).
(3) Net pwcl,ue1 of U.S. issues by foreign residem.
F.214 Mutual Fund Shares
Billions of dollars; quarterly figures are seasonally adjusted annual rates
2
Net--
1,0.S
2'2.0
lOU
147.4
UT~
2,u
304.5
171"
176.J
253.4
241.8
Netpurc'-a
1,0.S
2'2.0
lOU
147.4
UT~
2'7~
304.5
171"
176.J
253.4
241.8
2
133.9
5.0
5.5
205.7
6.8
6.5
67.1.
2.1
7.8
109.1
4.6
5.9
179.6
3.3
2.0
233.6
3.3
3.1
2-40.7
3.3
0.9
120.7
3.3
2.0
123.6
3.3
2.1.
181.5
3.0
2.1
183.5
3.0
2.7
3
4
5
0.5
0.1
44.9
-1.9
-1.6
21.7
0.3
0.2
-11.1
0.3
-0.3
16.4
0.6
0.1
17.6
-0.6
0.2
18.8
-0.3
-0.7
15.3
1.5
-0.7
14.0
17.9
-0.7
16.0
5.0
-1.0
13.5
6
7
8
6.3
21.1
-14.9
20.2
13.5
24.9
7.0
29.2
7.0
32.4
7.0
34.3
7.0
24.7
7.0
25.4
4.0
29.6
4.4
30.8
9
10
3
4
5
Household aec1Dr
Nonfinancial a,rpomle business
State and local govemments
6
7
Commercial banking
Credit unions
8
Bank personal tnlltl and es1111es
-0.4
1.5
25.8
Ufe iDSUl8nce companies
Private pension funds
9.0
10.1.
9
10
48
Zl, September 15, 1997
F.215 Bank Loans Not Elsewhere Classified
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-Q2
QI
Tetal INm byco....,.rdal
........, ....r11n1a ...
18.S
83.6
183.7
239.8
174.6
lS'-7
138.7
191.0
214.2
2SU
m.2
1
-1.4
19.2
-6.9
16.9
-1.9
47.3
34.2
12.7
-1.5
64.9
63.2
-5.7
-0.1
77.S
44.8
4.6
0.8
55.1
21.7
1.3
1.7
56.7
4.3
18.S
-4.7
29.S
29.7
-21.4
-2.3
40.8
29.4
-16.4
8.4
93.4
23.3
24.5
-6.4
83.8
-25.6
54.2
-0.4
129.S
20.1
31.4
2
3
4
5
-9.3
-8.6
62JI
113.0
95.7
73.S
105A
13'.S
M.S
148.3
14U
6
-19.7
9.9
0.4
0.2
7.S
-13.7
-1.8
-0.5
46.0
15.1
-0.1
1.7
75.3
35.4
0.4
1.8
61.3
32.2
0.2
1.9
41.l
31.8
-1.5
2.1
64.6
38.4
0.3
2.1
84.9
52.6
0.6
1.3
54.7
6.2
1.4
2.3
116.9
28.4
-1.6
4.7
117.8
32.2
-0.2
-3.3
7
8
9
10
• Loans eiuwMre c/oss~d:
2
3
4
5
'
7
8
9
10
Open market paper
Mortpges
Comumer credit
Security credit
........,._.i.t111 ............... ,.
U.S.-clmleffll collllllet'cial banb
Foreign banking offices in U.S.
Bank holding companies
Banks in U.S.-affilia1eel areas
11
+ Loam fmm Federal R...rve i.w
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
II
12
•Total._.._ n.e.c.
-9.3
-8.6
62JI
113.0
95.7
73.S
105A
13'.S
M.S
148.3
146.6
12
13
Net daqie In IWllllliH
-9.3
-8.6
62JI
113.0
95.7
73.S
105A
13'.S
M.S
148.3
146.6
13
-10.0
5.8
76.4
108.8
79.0
50.1
84.8
136.8
44.1
141.4
136.2
14
4.1
-19.3
2.7
0.1
8.4
13.2
42.7
17.2
1.9
14.0
62.8
22.5
1.1
-0.5
48.3
21.4
0.6
-7.0
28.6
20.4
-0.4
14.3
30.9
22.0
2.5
7.3
103.6
23.4
-2.1
-16.3
30.J
20.0
2.5
27.8
-10.8
5.3
2.1
26.1
-0.2
34.7
60.9
23.3
6.4
15
16
17
18
2.3
1.0
0.7
0.6
0.7
-1.0
1.2
0.5
1.4
-0.2
0.0
1.6
8.5
0.4
2.1
5.9
9.1
0.3
3.4
5.4
8.7
-1.4
4.9
5.2
15.1
4.4
3.9
6.9
4.7
-0.S
-1.8
7.0
7.8
-1.2
6.5
2.5
-0.6
-3.5
-2.3
5.2
11.0
0.2
-1.2
11.9
19
20
21
0.7
-14.4
-13.7
4.2
16.8
23.4
20.6
2.6
20.4
7.0
10.4
23
-0.0
-6.0
8.0
-1.3
-0.5
-13.7
0.0
-0.2
0.9
-5.6
-11.5
2.5
5.2
0.5
0.4
-1.9
1.4
2.7
2.0
20.0
-1.3
-1.9
8.3
16.0
-1.8
-1.1
4.2
1.7
-2.2
5.8
3.1
12.1
-0.6
4.1
-3.8
5.9
0.8
-1.1
0.7
10.0
0.8
24
14
Nonfllllllcial oecton
15
16
17
18
Ho111ebold oector
Corpom11, busineu
Nonfmm noncorpora11, busines1
Fann bulineu
19
20
21
Rest of the world
Foreign official imtitutiom
Foreign banb
Other foreign
22
23
24
25
26
27
Financial oecton
Savings imtitutiom
Finance companies
MortgaiJe companies
REif•
4.4
12.4
-1.S
88.4
22
25
26
27
.
49
Zl, September IS, 1997
F.216 Other Loans and Advances
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
T-olherlNm...i~
2
3
4
5
6
7
8
u.s. .....,..............
Liab.: Ho111ebold sector
Nonfmancial corporate business
Nonfann noncorporate business
Fann business
State and local govemments
Rest of the world
9
Govemment-spomored elllerpriles
10
11
Fonipl .._ .. U.S. -i,onle ......,_
Liab.: NonfiDIIICial corporate business
12
13
14
c..i-n llllbDlty en-eplal,cn
_ _ . , . (Commen:1111 banldn&-)
Liab.: NonfiDIIICial corporate business
Rest of the world
15
s.,..,..
16
17
18
19
20
21
22
23
24
25
26
27
28
2'
30
31
32
33
34
inltltutien ...... 11u11. . .
Liab.: NonfiD111Cial corporate business
Nonfann noncorporate business
.......,. . . . . (H......... llllblllty)
Asset Federal govemment
Life illlUlllllCe companies
GoTt.....,. _ _rpri_ ....
--1997-QI
Q2
53.6
49.3
50.0
17.2
86.7
82.9
13.2
-14.2
5'.B
0.0
0.7
-0.1
-0.3
-0.4
-0.1
0.2
-0.0
.2.9
-1.2
0.2
0.6
-0.7
-0.6
-I.I
0.0
-10.l
-3.4
-1.B
-12.3
-8.1
-10.9
-6.8
0.6
1.6
-3.1
-1.7
-1.S
0.0
.9.6
-7.7
0.6
1.6
-3.3
-1.8
1.0
0.0
-14.l
-S.S
-14.7
-9.4
1.5
1.S
-3.S
-1.9
-2.0
0.0
-3.8
-2.0
-1.6
0.0
-7.7
-1.7
0.4
1.4
-4.0
-2.1
-1.7
0.0
-3.6
0.4
1.4
-4.2
-2.2
-0.6
0.0
6
7
8
9
4.9
-15.8
u
·IS.8
1.6
-6.S
-6.S
7.3
7.3
4U
4.9
-31.7
-31.7
-6.0
4.S
4.S
10
11
-3.6
-6.A
t.o
1.9
3.9
-0.7
1.8
-3.0
-2.1
-0.9
l.l
-0.8
0.3
2.0
-1.7
3.8
4.0
-3.3
-3.1
-ZA
•2.1
-0.3
..0.6
-2.9
-0.7
-1.4
S.4
2.2
-1.2
-0.S
2.4
3.2
0.6
12
13
14
-10.l
.u
3.0
1.S
45
u
u
0.9
0.9
3.2
3.2
-1.0
-0.S
-0.S
u
-0.8
-0.8
-0.S
-0.3
-0.3
25
-S.0
-S.O
0.8
0.8
1.7
0.8
0.8
15
16
17
5.7
-0.0
S.7
5.6
1.B
-0.0
S.1
-0.0
7.8
10.S
0.1
10.4
2'5
rT.2
2.7
1.2
0.2
8.6
13.3
0.2
0.2
3.7
0.0
0.8
9.3
12.7
0.2
0.3
o.s
1.4
-1.6
·1.l
-1.3
-4.8
0.7
1.8
o.s
-2.S
-1.5
-3.4
-1.9
-1.0
0.0
-0.8
0.0
0.0
0.0
1.2
1.2
1.S
4.0
4.0
-8.6
o.s
46.8
o.s
-6.0
-8.B
2
3
4
s
1.S
2.3
2.3
45
1A
4.8
5.9
,.s
18
0.0
7.4
0.0
4.8
11.B
0.0
11.8
.s.,
0.0
0.0
0.0
-0.0
-S.9
S.9
9.S
19
20
28.B
o.s
50.2
28.2
3U
-20.9
-2.0
3.1
-3.6
2.0
5.3
43.2
-0.2
0.3
-3.S
-3.2
0.9
28.9
0.3
-0.4
3.1
-4.1
S.6
10.6
18.9
0.3
2.0
-7.8
-0.0
3.0
1.8
-18.S
-0.2
0.8
57.2
-9.7
1.4
6.2
•2.6
-0.1
-0.1
0.2
-1.2
2.7
1.0
25.0
0.1
I.I
13.l
rT.S
-6.S
23.0
-15.A
6.0
4.0
-10.S
4.0
19.0
2.S
7.6
6.8
0.8
u
s.s
u
s.s
0.6
0.6
4.S
Seaaitlzed ._. held by ABS .......
Lieb.: Ho-11olds (I)
Nonfmancial corporate business
2.9
9.7
4.3
u
0.0
2.9
0.0
9.7
0.0
4.3
1.0
5.9
8.1
8.3
6.0
2.3
1.1
1.0
0.1
.15.9
25.9
-14.3
•l.6
23.3
2.6
26.7
24.0
2.7
7.9
7.1
0.8
11.B
10.6
1.2
(I) Student loans.
Q4
-0.B
3.7
2.9
1.2
0.2
3.2
-3.8
0.0
0.0
Liab.: NonfiD111Cial corporate business
Nonfann noncorporate business
Q3
,u
Liab.: Houaebold aeclDr (SLMA)
Noncorporate business (FCS)
Fann busineu (FCS)
Commercial banka (FHLB and SLMA)
Seving1 institutions (FHLB and SLMA)
Credit unions (FHLB)
Life insumnce companies (HILB)
Ft_......., ................
Q2
11.2
3.9
2.S
s.o
S.9
2.0
-16.9
9.1
-0.1
2.S
21.S
S.1
3.S
-3.3
30.2
36.2
0.2
0.1
-17.9
5.7
1.9
3.8
2'.3
23.7
2.6
.13.9
·12.S
-1.4
21
22
23
24
25
26
27
28
2'
30
31
32
33
34
50
Z 1, Sepcembcr 15, 1997
F.217 Total Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1991-Q2
QI
132.1
1511.9
201.7
229.0
330.6
367.6
334.5
274.5
346.0
281.4
301.2
189.1
-10.5
-47.1
199.0
4.9
-4.5
2.2
192.4
12.3
22.7
1.6
267.8
21.7
38.5
2.6
316.1
17.3
32.6
1.6
255.4
21.9
52.3
4.9
248.3
16.1
8.0
2.2
251.6
31.6
61.2
1.6
240.3
10.4
28.8
2.0
203.9
0.5
184.1
-4.8
-21.5
1.0
67.1
4.7
2
3
4
5
132.1
1511.9
201.7
229.0
330.6
367.6
334.5
274.5
346.0
281.4
301.2
6
Houaebold IOCIDr
164.2
156.8
182.8
184.6
272.1
317.8
263.1
243.8
263.6
218.8
202.7
7
8
9
10
11
Nonfmancial busineu
Coipomte
Nonfarm DODCOlpOIBte
-32.7
-18.1
-15.1
9.1
25.6
-18.8
2.2
38.5
41.0
-4.1
1.6
47.1
25.2
19.4
2.6
42.1
27.6
12.9
1.6
60.6
38.8
16.9
4.9
17.9
12.0
3.7
2.2
68.0
22.4
44.0
1.6
"46.6
0.5
-1.5
-1.0
-1.5
1.0
21.1
23.5
2.0
84.5
35.4
44.4
4.7
8
9
10
11
12
13
Fedenll govemmoDI
REirs
-0.0
0.6
-0.0
3.6
0.0
9.8
0.0
5.9
0.0
11.4
0.0
7.7
0.0
10.8
0.0
12.9
0.0
14.3
0.0
16.0
0.0
14.0
12
13
14
Netc-.ln-
132.1
1511.9
201.7
229.0
330.6
367.6
334.5
274.5
346.0
281.4
301.2
14
6.1
I.I
-0.9
22.6
-7.8
-1.5
7.5
4.1
-0.1
9.1
5.1
-0.1
14.7
7.5
-0.1
37.7
8.0
-0.1
7.9
6.0
-0.1
-15.7
8.0
-0.1
28.7
34.4
8.0
-0.1
-0.8
8.0
-0.1
15
16
17
4.7
18
19
1
Netc-.ln ...........
2
3
4
5
Multifamily n,sidential
Commercial
6
7
Home
Farm
Netbernwl,.
Farm
25.5
15
16
17
HouaeboldlOCIDr
Nonfmancial COlpOIBte bulineu
Nonfarm noncolpOIBte bulinna
18
19
Slate and local govemmonts
Fedenll govemmoDI
-0.0
-10.4
-5.4
-14.2
2.2
-12.5
3.3
-12.6
3.8
-8.6
2.0
-9.1
2.2
-4.7
4.3
-11.0
-9.6
2.6
-11.0
-4.0
20
21
22
23
Commercial banking
Savings institutiom (I)
Credit uniom
Bank penona) tnllll and ellatea
19.2
-77.4
3.3
-0.2
47.3
-29.5
-0.1
-0.3
64.9
-2.2
6.1
-0.2
77.5
0.6
4.4
55.1
31.6
29.5
-0.3
36.6
13.8
-0.5
40.8
65.2
6.7
-0.5
93.4
1.2
11.8
-0.1
83.8
-3.1
3.5
0.3
129.5
5.9
12.5
0.6
20
0.5
56.7
23.3
5.8
-0.1
24
25
26
27
Life iD1U111nce companies
-17.5
-0.6
-3.7
-0.4
-17.6
-1.4
-0.1
-1.9
-13.5
-0.7
1.2
0.7
-3.4
-1.0
I.I
0.7
-2.1
-0.4
1.3
0.8
-0.5
-1.0
1.9
0.8
3.6
-0.0
1.4
0.8
-16.4
-0.1
1.2
0.8
5.0
-0.6
0.7
0.8
4.6
0.3
1.7
0.8
-0.0
Olher inalllBDCe companies
Private pension funds
Slate and local govt n,tircment funds
24
25
26
27
28
29
30
Govemment-opomon,d eDIIOrprites (I)
Fedenllly related mongage poola
ABSuaue11
32.1
115.6
62.2
41.3
84.7
415.3
3.6
115.4
40.3
4.4
98.2
37.0
1.7
141.1
53.7
6.1
117.4
56.1
3.3
174.5
59.4
-3.1
142.9
37.2
0.4
129.6
62.1
-14.0
114.6
58.1
88.1
51.4
28
29
30
31
32
33
Flmnce companies
Mortgage companies
REirs
2.5
0.1
I.I
-3.1
-0.0
0.6
4.2
-24.0
4.7
5.6
-3.4
2.2
10.2
8.2
3.0
7.2
51.8
3.4
24.4
-26.8
3.4
7.6
3.4
3.4
1.6
4.1
2.0
2.9
-8.2
2.0
5.6
-0.0
3.4
31
32
33
(I) fllLB loans ID
•vins• institutions an, included in other loans and advances.
9.5
8.0
-0.1
6.8
0.5
1.7
0.9
-6.5
21
22
23
51
Zl, September 15, 1997
F.218 Home Mortgages (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
Net born1'illl!
2
3
4
Household sector
s
Netc...... l n -
6
7
8
Nonf11111ncial corporale business
Nonfann noncorporale business
Household sector
Nonfmancial corporate businaa
Nonfann noncorporate business
9
10
SIBie and local govemmenta
Federal govemment
ll
12
13
14
Commercial banking
Savings inslitutions
15
16
17
Ufe insumnce companies
Privsle pension funds
SIBie and local govt retimnont funds
18
19
20
Govemment-sponaored enterprises
Federally related mortgage pools
ABS iasuen
21
22
23
Finance companies
Mortgage companies
REITs
Credit unions
Bank pen,onal t!IISU and e11B1es
1993
1994
1995
1996
1996
Ql
Q2
Q3
Q4
--1997-Ql
Q2
189.1
184.1
1,,,0
192.4
2'7.8
316.1
2SSA
248.J
251.6
240.J
203.9
158.8
0.7
29.6
149.l
0.7
34.3
190.2
0.8
8.1
188.6
0.9
2.9
263.9
0.9
3.0
315.l
0.9
0.1
251.4
0.9
3.2
243.2
0.9
4.2
246.l
0.9
4.5
233.0
0.9
63
195.9
0.9
7.1
2
3
4
189.1
1114.1
1".0
192.4
2'7.8
316.1
2SSA
248.J
251.6
240.J
203.9
s
6.l
2.7
0.6
21.4
-8.l
0.2
7.8
4.9
-0.0
6.5
4.7
-0.0
14.2
0.9
-0.0
37.8
4.7
-0.0
5.9
-7.l
-0.0
-16.2
4.9
-0.0
29.2
1.2
-0.0
33.9
2.6
-0.0
-2.4
5.2
-0.0
6
7
8
-0.6
-0.5
.(i.0
-6.0
l.O
-3.9
3.2
-5.0
2.3
-2.9
l.2
-5.9
l.6
-2.0
3.4
-3.4
3.l
-0.2
2.3
-5.4
3.0
-0.1
lO
25.l
-48.7
3.3
-0.2
50.0
-19.6
-0.l
-0.3
55.l
7.6
6.1
-0.2
53.6
4.7
4.4
0.5
29.0
31.4
9.5
-0.3
37.5
29.l
5.8
-0.1
1.l
34.3
13.8
-0.5
19.7
62.3
6.7
-0.5
57.9
-0.3
11.8
-0.l
68.7
3.5
3.5
0.3
79.5
8.5
12.5
0.6
ll
12
13
14
0.6
-0.8
-0.3
-2.6
-0.0
0.1
-l.6
0.3
0.4
0.3
0.2
0.5
-0.5
0.3
0.6
-0.2
0.4
0.5
-0.0
0.3
0.6
-4.3
0.3
0.6
2.3
0.2
0.6
O.l
0.4
0.6
1.5
0.4
0.6
15
16
17
30.5
ll7.8
50.9
39.8
86.l
32.7
2.6
ll5.4
22.8
3.9
93.7
20.0
0.8
135.5
25.2
3.6
ll3.8
28.4
1.7
169.9
36.3
-3.2
135.8
24.7
l.l
122.4
ll.4
-13.l
109.6
36.4
-5.7
82.4
12.5
18
19
20
2.5
-0.4
0.5
-3.l
-0.5
0.1
4.2
-24.0
0.5
5.6
-4.5
0.2
13.4
8.2
0.3
7.2
51.8
0.4
26.8
-27.7
0.4
12.7
4.8
0.4
6.8
4.0
0.2
4.7
-8.0
0.2
4.7
0.4
0.4
21
22
23
12.3
21.7
17.J
2U
16.1
31.6
lOA
25.5
9
(I) Mortgages on 1-4 family llll'UcNres.
F.219 Muldfamily Residendal Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Netbornwlqi
-10.5
-4.8
...,
0.7
-11.4
0.7
-6.7
0.8
0.9
0.9
9.5
0.9
17.0
0.9
13.8
0.9
17.4
0.9
10.9
0.9
26.0
0.9
4.2
0.9
20.0
2
3
2
3
Nonfinancial corporate business
Nonfann noncorporale business
4
5
Federal govemment
REIT•
-0.0
0.2
-0.0
1.2
0.0
3.2
0.0
1.9
0.0
3.8
0.0
2.5
0.0
3.6
0.0
4.2
0.0
4.7
0.0
5.3
0.0
4.6
4
5
'
Netc-.ln-
-10.5
-4.8
'-'
12.3
21.7
17.J
2U
16.1
31.6
10A
25.5
0.4
0.9
-1.3
0.6
-0.4
-0.0
0.3
0.2
-0.0
-0.0
0.9
-0.0
0.0
0.6
-0.0
0.0
1.2
-0.0
-0.l
0.6
-0.0
-0.l
l.2
-0.0
-0.2
0.6
-0.0
-0.3
1.2
-0.0
'
Nonfarm. noncorpomte buainas
-0.l
-0.l
-0.l
9
Slate and local govemmenta
0.7
0.4
0.7
-4.2
-4.5
-2.6
0.6
.4.7
1.8
-2.S
0.9
-1.5
0.9
-0.6
l.7
-3.7
3.5
·4.2
-0.2
-3.0
l.7
-0.6
10
11
l.l
-10.1
0.6
-2.4
0.7
-3.0
4.5
2.8
-0.4
3.4
-5.7
2.7
0.5
4.2
2.5
l.l
1.0
3.8
-3.7
4.5
-2.4
·2.2
12
13
7
8
9
Household sector
Nonfmancial corporale business
7
8
10
ll
Federal govemment
12
13
Commercial banking
Savings inslitutions
14
15
16
Ufe insumnce companies
Privste pension funds
State and local govt. retimnont funds
-2.1
-0.2
-0.7
-l.8
-0.0
-0.l
·1.5
0.1
0.2
-0.5
0.1
0.2
-0.2
0.1
0.2
-0.0
O.l
0.2
0.4
0.1
0.2
-1.5
0.1
0.2
0.2
0.0
0.2
0.5
0.1
0.2
-0.3
0.1
0.3
14
15
16
17
18
19
Govemment-sponaored enterprises
Federally related mortgage pools
ABS issuers
l.6
-2.3
2.6
l.7
-l.4
2.4
0.9
-0.0
6.2
0.6
0.7
3.6
12.8
-0.2
4.5
9.3
-0.7
7.1
5.3
-0.8
7.2
22.2
-l.2
5.0
7.2
-l.9
6.4
-0.3
5.6
12.4
15.9
17
18
19
20
21
22
Finance companies
0.0
0.3
3.1
0.0
0.1
0.4
0.0
0.0
3.1
0.0
1.1
1.4
-0.6
-0.1
2.0
0.0
-0.0
2.2
-0.4
0.9
2.2
-0.4
-l.3
2.2
-l.4
0.1
l.3
0.1
-0.1
l.3
-0.3
-0.4
2.2
20
21
22
Mortgage companies
REIT•
4.5
5.1
52
Zl, September IS, 1997
F .220 Conunercial Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
-47.1
-215
-45
22.7
385
32.6
52.3
8.0
61.2
28.8
67.1
5.4
-19.5
-33.4
0.4
7.7
-2.3
-29.2
2.4
-7.4
24.1
-27.8
6.6
-4.0
39.2
-16.4
3.9
8.1
23.4
-0.7
7.7
2.7
25.9
-I.I
5.2
11.8
37.0
-3.7
7.2
0.6
10.2
-11.4
8.6
17.5
20.6
13.5
9.6
·14.2
19.2
13.0
10.7
6.8
33.6
17.3
9.4
2
3
4
5
-47J
-215
-45
22.7
385
32.li
52.3
8.0
,1.2
28.8
67.1
6
Ho111ebold oeclllr
Nonfimnoial COrpQtate business
Nonfann DODCOrpQmte business
0.9
•1.4
-1.4
1.6
-0.5
-0.5
-0.1
-0.4
-0.0
2.1
0.3
-0.0
·I.I
5.7
-0.0
-0.8
2.8
-0.0
-1.0
11.9
-0.0
-1.2
2.5
-0.0
·U
5.5
-0.0
-1.6
4.9
-0.0
-1.8
1.7
-0.0
7
8
9
10
11
Slate and local govemments
Fecleml govemment
-0.1
-6.6
0.2
.4.5
0.5
-7.3
-0.5
-3.1
-0.2
-1.7
0.2
-0.7
-0.3
-0.8
-0.8
-2.0
0.2
-3.1
0.5
-0.1
-0.0
-0.4
10
11
12
13
Commercial banking
Savings iDllitutions
-8.4
·18.5
.4.3
.7.5
7.4
-6.8
18.1
-1.8
22.2
0.6
15.4
-0.1
24.3
1.7
16.0
0.4
33.1
0.4
9.8
-2.9
43.3
-0.4
12
13
life insu,am,e comp,nies
-15.1
-0.6
-2.7
0.6
-13.4
-1.4
-0.0
-1.9
-10.5
-0.7
0.9
0.1
-3.3
-1.0
0.8
0.0
-1.7
-0.4
0.9
-0.0
-0.2
-1.0
1.4
-0.0
3.0
-0.0
1.0
0.0
-10.8
-0.1
0.9
0.0
1.2
-0.6
0.0
3.5
0.3
1.2
-0.0
-2.0
0.5
1.3
0.0
14
IS
16
17
8.7
0.0
0.3
10.3
0.0
0.3
0.1
11.3
0.0
0.0
I.I
10.6
0.0
0.0
14.9
0.0
0.0
0.8
13.7
-2.0
0.0
0.8
7.2
-4.7
0.0
0.8
28.5
-3.7
0.0
14.5
-1.9
0.0
0.5
16.1
-2.6
0.0
0.7
0.5
0.5
23.0
1.2
0.0
0.8
18
19
20
21
Netbern'lri1111
2
3
4
5
'
7
8
9
14
15
16
17
18
19
20
21
Ho111ebold oector
Nonfimnoial corpQmte business
Nonfann DODCOrp<)IBte business
REITs
Nelc'-lllleln-
Other i1111DBm,e comp,nies
Private pension funds
Slate and local govt relimnent funds
ABSiasuen
comp,nies
Mortgage companies
REITs
Fimm,e
-2.5
0.5
F.221 Fann Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual rates
2
Net bernwlna (Fann...._)
05
I.o
2.2
u
u
u
u
2.2
u
2.0
4.7
1
Netc..... l n -
05
1.0
2.2
u
u
u
4.9
2.2
u
z.o
4.7
2
1.8
3
4
Ho111ebold oector
Nonfann noncorpQmte business
-0.8
o.o
-0.8
0.1
-0.8
-0.0
0.2
-0.0
1.6
0.0
0.6
0.0
3.0
0.0
0.0
1.0
0.0
2.3
0.0
3.7
0.0
3
4
5
Slate and local govemments
Fecleml govemment
-0.0
0.9
-0.0
0.7
-0.0
1.2
-0.0
0.2
-0.1
.1.5
-0.3
-0.9
0.0
-1.3
0.0
·1.7
0.0
-2.1
0.0
6
-2.5
0.0
·2.9
5
6
7
8
Commen:ial banking
Savings iDllitutioDS
1.4
1.0
-0.0
1.7
-0.0
1.3
-0.0
1.1
0.5
0.0
0.1
1.4
0.1
1.0
0.0
1.3
0.0
0.0
2.1
0.0
7
-0.1
9
10
life iDS1DBm,e comp,nies
State and local govt relimnent funds
-0.8
0.0
0.3
0.0
0.1
0.0
0.1
0.0
0.4
0.0
-0.0
0.0
0.1
0.0
0.2
0.0
1.3
0.0
0.4
0.0
0.7
0.0
10
11
12
Govemment-sponsored enterprilea
Federally related mollp8e pools
-0.1
-0.0
-0.2
-0.0
0.1
-0.0
-0.1
-0.0
I.I
-0.0
1.7
0.0
1.8
0.0
0.8
-0.0
0.1
0.0
0.2
0.0
I.I
-0.0
11
12
1.5
8
9
"
53
Z.l, September 15, 1997
F.222 Consumer Credit
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
2
1993
1994
1995
1996
1996
QI
Q2
Q3
89.0
89S
Q4
--1991-QI
Q2
Net change In llabllitle9 (H.-ldo)
4.2
62.0
125.1
140.S
116.3
123.S
Netcllangeln-.
4.2
62.0
125.1
140.S
116.3
123.S
89.0
89S
42.6
85S
52.4
2
2.8
0.0
6.9
0.0
9.4
0.0
-1.6
0.0
-7.3
0.0
38.7
0.0
-30.4
0.0
-11.3
0.0
-26.3
0.0
50.4
0.0
-25.0
0.0
4
44.8
1.6
12.3
21.7
4.6
12.2
4.3
2.3
9.8
29.7
5.7
11.7
29.4
11.4
15.4
23.3
-0.9
11.9
-25.6
4.6
13.4
20.1
4.6
9.8
5
6
7
65.6
17.7
54.8
0.3
57.1
11.4
68.1
4.3
45.7
-0.6
48.5
-14.0
30.9
12.2
32.9
IO.I
8
9
3
4
Nonfmancial corporate business
Nonfarm nonoorporate business
5
6
7
Commercial banking
Savings institutions
Credit unions
-6.9
-4.8
-0.9
34.2
12.2
63.2
0.6
18.0
8
9
ABSiuuers
Finance companies
17.3
-3.3
10.2
-1.9
15.6
18.3
0.5
42.6
85.9
52.4
F.223 Trade Credit
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1
Net cllange In lnde p11:,ables
46.6
52.0
93.7
105.2
75.A
77.7
120.4
-4.3
107.6
,0.3
66.3
4.7
7.4
4.2
8.5
6.4
-2.7
11.6
-0.4
17.2
-1.8
8.8
2
2
Ho111ebold sector
3
4
5
33.4
6.9
0.2
36.4
77.3
1.5
1.0
52.4
5.8
3.9
72.6
5.5
1.0
73.8
7.2
1.0
6.5
97.3
5.9
0.0
-23.2
5.9
2.6
62.7
6.0
6.6
56.5
-2.5
Fann bu&iness
4.2
6.5
52.7
4.2
-0.1
3
4
5
6
7
StallO and local govemments
Federal govemment
2.3
-2.8
0.6
3.0
0.6
0.4
2.2
5.7
1.6
3.5
-I.I
2.7
3.2
1.8
1.0
5.6
3.2
4.0
2.4
4.1
0.2
5.7
6
7
8
9
Rest of the world
Brokers and dealers
1.2
0.6
3.3
2.7
3.6
-0.9
5.7
I.I
-2.3
4.0
-11.2
5.4
-5.2
5.7
-1.5
5.7
8.6
-0.7
5.1
13.4
0.1
-5.2
8
9
123.7
10
Nonfmancial corporate business
Nonfarm nonoorporate business
10
Net cllange In lnde .-.elftllln
34.8
5'.0
93.0
135.7
107.4
71.l
130.2
'7.2
131.8
,u
II
12
Nonfmancial oorporallO business
Nonfarm nonoorporalle business
27.6
7.1
50.7
-0.8
71.9
14.0
98.9
11.5
61.0
8.2
30.4
8.0
102.0
8.3
40.2
8.2
71.2
8.2
-1.1
5.3
90.5
5.2
II
12
13
14
Federal govemment
Rest of the wodd
-7.1
3.0
-2.6
4.5
-4.2
2.1
-0.1
0.6
7.0
6.4
5.0
3.7
5.5
-0.1
8.9
12.6
8.7
9.2
9.1
7.3
12.0
9.2
13
14
-0.1
4.3
1.7
2.6
2.2
6.8
4.4
-0.1
25.0
4.4
19.8
4.3
IO.I
0.5
20.5
26.8
-9.7
43.3
16.3
25.0
-4.7
11.5
15
16
11.8
-4.1
0.7
-30.5
-32.0
6.5
-9.8
-101.5
-23.4
28.4
-57.4
17
15
16
17
Other inswanoe companies
ABS iuuers
Discrepancy
F .224 Security Credit
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Net . . . . . In llllbllllln
2
.
3
Ho111ebold sector
Rest of the wodd
4
5
6
7
Brokers and dealers
CUstomer ci:edit balances (HH)
From U.S.-cborlen,d commercial banks
From foreign banki"I! offices in U.S.
8
Nelchangeln-.
9
10
Ho111ebold sector
Rest of the wodd
II
12
Commen,ial banking
Brokers and dealers
4.6
61.A
--0.1
26.7
52.4
114.0
-34.8
5.3
125.1
117.6
114.A
-1.6
0.0
22.6
0.0
-1.1
0.0
3.5
0.0
15.7
0.0
42.1
0.0
3.0
0.0
-11.7
0.0
29.5
0.0
27.1
0.0
34.6
0.0
2
3
6.2
-10.8
3.1
13.9
38.7
26.0
4.1
8.6
1.0
6.7
-4.6
-1.2
23.1
18.6
8.3
-3.7
36.7
35.4
-4.8
6.2
71.9
53.4
-8.1
26.6
-37.8
-16.4
-14.8
-6.6
16.9
33.3
-7.8
-8.6
95.6
71.1
11.4
13.2
90.4
36.3
22.6
31.6
79.8
48.3
-11.5
42.9
4
5
6
7
4.6
,u
--0.1
26.7
52.4
114.0
-34.8
5.3
125.1
117.6
114.A
8
-10.8
0.0
26.0
0.0
6.7
0.0
18.6
0.0
35.4
0.0
53.4
0.0
-16.4
0.0
33.3
0.0
71.1
0.0
36.3
0.0
48.3
0.0
9
10
16.9
-1.6
12.7
22.6
-5.7
-1.1
4.6
3.5
1.3
15.7
18.5
42.1
-21.4
3.0
-16.4
-11.7
24.5
54.2
27.1
31.4
34.6
11
12
29.5
54
Zl, September 15, 1997
F .225 Life Insurance and Pension Fund Reserves
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-Q2
QI
Ufe IM•nute• rnnwi:
Net clange in llabllltln
2
3
4
Federal government
Life inaumnoe companies
Net ...... i n - (HemebDlda)
28.0
36.0
34.S
44.9
43.6
lt.0
32.S
SU
'6.3
44.0
'6.4
0.3
27.7
0.3
35.7
0.2
34.3
0.1
44.8
-0.3
43.8
-1.0
20.0
1.4
31.1
-1.2
57.8
-0.2
66.5
-0.9
44.9
2.3
64.1
2
3
28.0
36.0
34.S
44.9
43.6
1,.0
32.S
SU
66.3
44.0
66.4
4
h,ulo11ft,llll rnnw,:
5
Net cmnae In llabllltln
230.3
254.7
253.2
241.2
235.7
236.l
196.2
231.9
278.S
287.0
278.9
5
6
7
Federal government
Life inaumnoe companies
27.5
68.9
27.6
73.9
27.8
69.6
15.9
66.2
44.4
47.6
78.3
25.0
33.1
16.9
30.5
59.1
35.5
88.9
21.9
106.6
25.3
103.4
6
7
8
9
Privste pension funds (1)
Slate and local govt retirement funds
77.0
56.9
98.4
54.7
89.1
66.8
99.5
59.5
88.3
55.4
82.5
50.3
88.2
58.1
86.4
55.2
96.1
57.9
91.4
67.1
89.8
60.4
8
9
230.3
254.7
253.2
241.2
235.7
236.l
1'6.2
231.9
278.S
287.0
278.9
10
10
Netcmnae I n - (H. . .halds)
(1) Includes UDOIJocated imumnce oompany oonllacll beginning 1985:Q4.
F.226 Taxes Payable by Businesses
Billions of dollars; quarterly figures are seasonally adjusted annual rates
......_
1
Netcmnaelalua...,...by.
9.7
5.2
1.5
1.6
3.2
4.5
4.7
..0.1
3.5
.9.3
-11.4
1
2
3
Nonfmsncial oorporste business
Nonfarm nonoorporste business
7.2
0.6
2.0
0.7
2.4
0.8
-0.8
0.8
I.I
0.8
2.4
0.8
3.5
0.8
-1.9
0.8
0.5
0.8
-10.3
0.8
-13.4
0.8
2
4
U.S.-chmlenod oommercia1 banks
Savings illllitutions
0.2
0.2
0.5
0.6
0.7
-0.9
0.9
0.5
1.2
-0.1
1.1
0.4
I.I
5
-1.3
1.2
0.2
1.3
0.2
1.3
-0.2
1.4
0.5
5
6
7
Life inaumnoe companies
Otbor imumnoe companies
0.8
0.3
0.3
0.4
-0.7
-0.5
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
6
7
8
9
Finance companies
Broken and dealen
0.2
0.0
0.2
0.5
0.0
-0.2
0.0
-0.1
0.0
0.1
0.0
-0.2
0.0
0.5
0.0
-0.5
0.0
0.7
0.0
-0.9
0.0
-0.6
8
9
-2.2
-4.S
-14.0
-13.2
.2.3
19.l
-15.6
-1B
-5.0
18.2
-26.5
10
0.3
-2.6
-3.2
-1.3
-6.0
-9.3
-3.8
-4.6
2.3
-5.6
24.8
-4.1
-11.6
-3.9
-3.9
-4.9
-01)
-1.3
19.5
-1.1
11
-8.0
-25.4
12
11.9
9.6
15.6
14.8
5.5
-14.6
20.4
7.7
8.5
-27.5
15.1
13
10
II
12
13
Netcmnae In ...... .... recemllle
Slate and local govemmenu
Federal government
Diocrepancy
4
F .227 Investment in Bank Personal Trusts and Estates
Billions of dollars; quarterly figures are seasonally adjusted annual rates
2
Llalt.: Baak.......,.itruu...i-
-7.l
0.9
17B
-49.7
12.5
..0.6
lU
19.2
lU
23.S
2'.3
~:H_beld_
-7.1
0.9
17B
-49.7
12.5
..0.6
lU
19.2
lU
23.S
2'.3
2
F .228 Proprietors' Equity in Noncorporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Tetalhetaoblld._,.
2
3
4
Nonfarm nonoorporste business
Fam, buliness
Broken and dealen
37.7
14.2
43.7
28.0
5.7
2.2
6.4
7:1.S
-15.6
-12.3
32.4
-1.9
7.2
20.2
-13.1
7.1
51.7
4.7
-12.7
30.3
-12.4
10.2
2.6
-5.0
8.0
2.3
-11.7
11.6
6.1
-1.0
1.4
13.5
5.4
8.5
-13.6
-12.5
10.5
-15.2
-2.7
5.6
"'·'
-28.9
1.6
20.6
2
3
4
.
55
Z.1, September 15, 1997
F.229 Total Miscellaneous Financial Claims
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
c-.e in llabllltles
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
2'16.2
336.6
2AJ.1
466.0
454.8
506.S
4JI.o
348.0
533.7
604.8
'31.1
o.o
54.0
7.7
0.9
109.1
3.6
0.9
71.5
7.7
0.9
174.9
7.7
0.8
237.6
8.4
0.9
295.7
8.4
0.8
126.5
8.4
0.8
287.3
8.5
0.8
240.8
8.4
0.8
261.8
6.4
0.8
287.i
6.4
2
3
4
Fedeml govemment
Rest of the world
-0.1
44.8
0.7
94.2
3.9
47.2
4.5
104.1
-3.2
102.7
-14.5
127.7
11.7
112.6
-29.6
-20.2
19.6
190.7
-17.3
134.5
22.4
123.8
5
6
7
8
9
10
Monetary autbority
Commercial banking
Savings institutions
Credit unions
-1.8
59.0
0.5
0.1
1.0
90.4
-3.8
0.5
1.3
82.4
3.7
1.4
1.2
124.0
-0.6
-1.9
-0.3
21.6
-3.2
0.0
-7.8
-47.4
1.2
4.0
-1.6
171.9
-2.1
0.1
0.7
-91.1
44.4
-2.3
7.4
53.0
-56.2
-1.6
-11.6
232.4
-30.5
3.7
8.7
196.4
15.0
-0.5
7
8
9
10
11
12
Life ins111&noe companies
Other ins111&noe companies
5.7
23.1
15.0
15.8
16.7
16.4
11.3
23.0
16.0
14.8
-14.1
25.4
17.6
7.3
28.7
23.5
31.9
2.8
-5.6
13.1
0.4
18.0
11
12
13
14
15
Govemment-sponaored enterprises
Finanoe companies
Mortgage companies
12.5
4.5
-7.9
.4.9
10.4
-0.1
-24.9
14.4
·12.5
6.1
20.9
-3.8
2.7
11.6
.4.3
5.2
-9.5
31.8
-20.0
13.6
-42.8
2.2
13.5
1.7
23.4
28.8
-7.9
31.3
29.1
-14.l
-19.7
-66.3
-10.0
13
14
15
16
17
18
REifs
0.6
13.1
30.6
-0.1
15.6
-11.7
2.9
1.6
8.4
1.4
12.6
-20.2
2.3
27.3
19.9
1.5
-15.4
113.4
2.1
4.0
20.8
2.5
58.9
18.6
3.1
61.9
-73.3
1.8
-12.7
-18.3
1.5
18.9
28.3
16
17
18
315.1
531.3
,2u
564.2
554.0
'56.0
565.8
504.3
eo.i
717.3
1009.1
19
13.1
261.3
9.0
1.5
5.4
166.6
15.7
2.0
15.8
265.1
12.7
2.7
11.5
263.7
9.8
2.9
14.5
369.6
8.6
3.2
3.8
J.15.3
9.2
3.5
19.0
272.0
9.3
3.6
8.5
267.7
12.2
1.3
4.3
326.5
5.8
4.0
27.5
227.7
8.3
2.0
20
21
22
23
Net
2
3
4
Howiebold sec1Dr
Nonfinancial corpomte business
Nonfann noncorpomte business
5
6
19
Broun and dealen
Funding corpomtiom
Netc. . . . i n -
20
21
22
23
Fann business
17.0
96.6
3.6
2.0
24
25
26
Slate and local govemments
Fedeml govemment
Rest of the world
3.6
15.4
27.4
4.8
-3.8
75.6
1.0
3.3
48.6
3.7
-2.5
102.7
12.2
-6.4
112.8
5.3
-5.8
98.9
0.9
-3.7
167.8
18.7
0.7
126.5
24.0
-16.9
57.9
34.5
-11.8
220.6
-2.3
-7.2
139.6
24
25
26
27
28
29
30
31
Monetary autbority
Commercial banking
Savings institutions
Credit unions
Bank penonal trusta and eS1ates
-2.2
71.7
-4.1
3.7
1.8
2.6
87.2
-17.2
1.7
3.5
2.6
80.7
-8.1
-3.4
-3.1
-3.3
64.8
1.7
-0.8
-I.I
2.3
25.6
-1.8
-0.2
4.1
-6.1
39.8
-14.6
9.3
2.5
-0.6
97.9
-8.0
-9.4
4.5
13.1
-56.3
67.7
0.5
5.1
2.9
21.0
-52.5
-1.2
4.4
-1.3
83.3
-26.1
0.4
4.1
8.5
268.7
6.8
14.9
3.8
27
28
29
30
31
32
33
34
35
Life inslll&noe companies
Other ins111&noe companies
Private pension funds
Slate and local govt retirement funds
-8.1
-2.7
16.8
30.4
-7.3
2.8
-21.7
22.0
2.3
19.8
11.8
6.1
3.7
14.9
1.2
-11.4
3.4
19.4
-40.7
-18.7
2.4
3.7
-55.0
0.3
2.6
23.0
6.2
-13.3
3.7
24.4
-71.8
-14.0
4.6
26.5
-42.3
1.6
5.9
21.0
-21.6
18.2
1.0
12.1
-23.5
32
33
34
35
36
37
38
Money marlcet mutual funds
5.0
-5.2
-12.3
11.0
0.3
6.3
6.9
2.5
-1.7
12.8
0.5
9.7
4.8
-1.7
12.3
23.0
-5.1
17.0
23.8
12.1
-2.7
-14.l
-20.2
2.7
-13.3
6.5
32.0
14.6
3.4
-31.2
33.1
-11.8
26.9
36
37
38
-6.9
-1.2
52.6
10.4
25.7
3.0
49.6
19.5
-7.1
-0.1
24.8
29.3
21.5
1.3
10.3
20.8
27.6
-0.7
68.0
36.5
6.6
-2.4
107.8
51.4
18.5
-2.1
30.8
42.0
26.5
-1.8
61.7
26.4
59.0
3.6
71.7
26.4
.7.5
2.5
49.2
35.1
66.3
3.4
204.7
-19.5
41
42
-68.8
-201.8
-178.8
-98.2
-99.2
-149.4
-134.8
-156.2
43.6
-112.4
-378.1
43
39
40
41
42
43
Howiebold sec1Dr
Nonf'1m1ncial corpomte business
Nonfann noncorpomte blllineas
Mutual funds
Government-sponsored enterprioes
Finanoe companies
REifs
Broun and dealen
Funding corpomtiom
Discrepancy
9.8
39
40
56
Z.l, September 15, 1997
F .230 Identified Miscellaneous Financial Claims - Part I
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
Q2
Q3
Q4
--1997-Q2
QI
u.s.~,1-"""-'(IJ:
I
2
3
4
5
6
7
8
9
10
Liab.: Rest of the world
F.quity
Reinvested eemings
IDIL,rcompany accounlll
40.1
14.6
16.3
9.1
77.9
24.6
30.7
22.7
69.3
Asset Nonf11111ncial oorporate business
35.6
2.0
0.3
-2.7
3.7
1.2
51.9
2.0
-0.1
2.8
20.4
1.0
61.9
2.3
18.3
0.1
2.7
1.2
1.4
0.0
-o.2
8.3
0.0
2.2
0.2
0.7
23.6
0.1
13.8
30.4
0.0
3.4
1.0
1.8
3.2
0.8
5.0
17.9
31.6
-13.5
-0.2
411.0
29.7
-9.4
28.8
45.7
37.2
1.4
1.4
Commercial banking
life imurance companies
Other insurance companies
Finance companies
Brokers and dealers
20.5
30.1
18.6
0.5
2.3
1.0
1.3
86.7
36.6
54.0
·3.9
87.8
21.6
57.9
8.3
88.8
37.5
56.3
-4.9
94.5
8.6
51.8
34.1
44.4
19.2
54.6
-29.4
123.5
21.1
68.8
33.5
105.7
45.0
62.4
-1.7
116.3
41.5
60.3
14.5
I
2
3
4
&5.0
1.0
0.4
3.7
-4.9
1.5
71.4
3.3
1.0
3.4
4.5
4.2
89.0
2.3
I.I
2.4
-8.9
2.9
46.9
1.3
0.6
2.6
37.9
5.2
69.8
4.3
0.7
3.7
-37.8
3.7
79.8
5.4
1.7
4.6
27.0
4.9
77.8
5.8
0.4
5.9
2.1
13.6
92.6
5.9
3.0
1.0
4.6
9.2
5
6
7
8
9
10
54.2
-0.0
6.4
1.9
2.2
15.4
&5.8
0.0
0.3
2.0
5.7
7.5
50.7
89.6
-0.0
-10.0
1.4
1.5
0.5
76.1
-0.0
3.2
1.9
2.7
22.2
0.2
-14.0
-2.5
126.9
0.1
4.9
3.2
13.9
12.6
0.8
-91.7
149.2
-0.0
3.1
2.8
3.4
15.8
0.7
-52.4
55.4
0.1
3.2
2.9
4.7
11.9
1.4
36.0
11
12
13
14
15
16
17
18
.,
Forelp dirffl I l l • - • Ill U.S. (I):
11
12
13
14
15
16
17
18
Liab.: Nonfinancial corporate business
Nonfarm nonoorporate business
Commercial banking
life insurance companies
Other insurance companies
Finance companies
Brokers and dealers
Funding oorporations
19
20
21
22
Auel: Restoftbe world
F.quity
Reinvested eamings
lnlL,roompany accounta
F. .rol
23
24
25
26
3.1
1.7
4.6
-12.4
1.5
-25.0
0.5
IS.I
7.8
0.4
-20.8
5.9
67.5
45.1
9.8
12.6
77.0
53.0
12.2
11.7
63.5
68.0
11.3
-15.8
69.8
28.6
12.5
28.7
103.9
52.0
19.3
32.6
70.6
63.6
5.6
1.4
122.6
47.2
16.7
58.6
115.5
46.3
16.7
52.4
19
20
21
22
1.1
I.I
1.4
1.4
1.5
1.5
1.8
1.8
1.8
1.8
1.4
1.4
1.7
1.7
2.3
2.3
1.7
1.7
1.5
1.5
23
24
0.4
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.6
0.6
0.3
0.3
0.4
0.4
1.6
1.6
0.3
0.3
0.6
0.6
1.2
1.2
25
26
2.1
3.6
3.9
4.8
6.3
6.4
27
1.6
1.4
0.0
0.1
0.0
0.6
2.6
0.0
-0.0
0.0
2.9
2.8
-2.5
0.0
4.3
0.5
1.5
1.5
0.0
0.0
0.8
0.0
0.0
-0.1
0.0
0.2
3.7
0.0
-0.0
0.0
1.8
0.8
0.0
0.0
-2.2
0.0
2.1
-0.2
0.0
0.0
28
29
30
31
32
33
34
35
13.3
0.2
3.2
1.7
-12.9
30.4
0.2
4.8
-7.9
-13.7
56.9
0.3
1.3
-14.1
44.0
49.0
0.3
I.I
-10.0
105.1
36
37
38
39
40
41
2.5
,o•- •t""1 Ill IBRD, de.:
Liab.: Rest of the world
Auel: Federal govemment
F-rol
0.5
o.o
••-a-1 •od::
Liab.: Monelllly alllbority
Auel: Commen:ial banking
Bt""1 Ill IO"--lf10,uored -,pri#,:
27
Uab.: Ciovemment-opoDIOIIOd enteq,rises
-0.1
1.7
1.9
2.0
3.6
28
29
Auel: Nonfm. corporate business (FNMA)
0.0
-0.0
-0.1
0.0
0.7
-0.9
0.0
0.0
0.0
0.2
0.1
0.0
1.3
0.0
0.0
0.0
0.1
0.2
0.0
0.0
1.6
-0.0
0.0
0.0
0.0
0.0
-0.1
0.0
1.6
0.4
0.1
-0.0
2.2
0.7
-0.6
0.0
0.8
30
Nonfarm nonoorporate (BC)
Rum business (Fri! and FLB)
31
Federal 80\'emmenl
32
Commercial banks (Flfl.B)
Savings institutions (FHLB)
Credit unions (FHLB)
life insurance companies (FHLB)
33
34
35
0.5
0.0
0.1
o.o
-0.1
0.0
0.8
-0.3
-0.0
0.1
2.5
BRClll•-•111~,:
37
38
39
40
Liab.: Commercial banking
Savings institutions
Finance companies
MortPll• companies
Brokers and dealers
27.8
-1.0
1.0
-7.9
10.2
31.6
0.4
0.7
-0.1
12.0
17.5
-0.0
3.1
-12.5
9.6
40.1
0.1
4.7
-3.8
7.2
28.6
0.2
4.4
-4.3
-0.1
31.8
-16.9
54.0
0.2
10.6
-42.8
43.3
41
Auel: Bank holding companies
30.1
44.7
17.7
48.3
28.9
30.7
65.3
S.5
13.9
88.3
145.5
1.0
1.0
0.7
0.7
3.1
3.1
4.7
4.7
4.4
-1.0
-1.0
10.6
10.6
3.2
3.2
4.8
4.8
1.3
1.3
1.1
42
4.4
1.1
43
36
16.7
0.2
.,.o
NFC i l r r u - lllfl-..,,,,,,,,., 1111,1.:
42
Liab.: finance oompanies
43
Auel: NonflDllncial oorpora11e business
, _ . . corp. 111,,e,i-, Ill lllb,.:
Liab.: Foreign banking offices in U.S.
Brokers and dealers
-8.8
19.2
2.3
17.2
13.2
16.1
3.0
17.8
I.I
35.5
4.0
47.4
-2.6
44.6
2.4
23.9
0.4
25.9
7.0
28.2
6.5
44
45
-26.1
45
46
Auel: Funding corporations
10.4
19.5
29.3
20.8
36.5
51.4
42.0
26.4
26.4
35.1
-19.5
46
44
(I) Dimct invesunent ia valued on I cum,nt-cost basiL Excludes capital gains and losses. Componenlll of direct investment--equity, reinvested eamings, in11eroompany accounts-..,re not available before 1982.
...
57
Zl, September 15, 1997
F.231 Identified Miscellaneous Financial Claims - Part II
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
Nono/flcilllforeip Cll7nrleUI:
I
2
Liab.: Rest of tho world
Auel: Fedeml govemment
0.1
0.1
0.3
0.3
0.2
0.2
-0.J
-0.J
-0.J
-0.J
0.6
0.6
-1.0
-1.0
-0.3
-0.3
0.4
0.4
0.1
0.1
-0.0
-0.0
I
2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
4
-0.9
-0.9
-7.0
-7.0
-7.8
-7.8
3.3
3.3
-1.2
-1.2
-7.0
-7.0
-10.6
-10.6
2.0
2.0
10.7
10.7
-11.J
-11.J
-8.8
-8.8
5
6
0.0
0.0
0.9
0.9
0.9
0.9
0.9
0.9
0.8
0.8
0.9
0.9
0.8
0.8
0.8
0.8
0.8
0.8
0.8
0.8
0.8
0.8
7
8
6.1
5.2
0.8
7.0
6.2
0.8
0.0
0.0
0.0
3.1
3.1
0.0
2.2
2.0
0.2
22.7
19.7
3.0
-5.5
-6.2
0.6
13.0
10.0
3.1
9
JO
II
l'o1llll S0Ying1 S11t1m tkpoliu:
3
4
liab.: Fedetal governmfflt
Allot Houaehokl aec1Dr
Depoliu • h.,_ Ro- LDa BMk,:
5
6
liab.: Govermnent-spon,o~ enlerpriaes
Auel: Sevin8s institutions
Deferred 111111 •llptlid Ufe i l u - prn,i-:
7
8
Liab.: Houaehold aec1Dr
Auel: life Ul8lllllDCe companies
Ufe i111•l'llltCe
"°""""" re•ne,:
9
JO
11
Liab.: life insunmce companies
Health
Policy dividend accumulation
7.5
6.9
0.6
6.7
6.2
0.5
6.7
6.6
0.1
12
Auel: Houaehokl aec1Dr
7.5
6.7
6.7
6.1
7.0
0.0
3.1
2.2
22.7
-5.5
13.0
12
13
l'ollq ""'""""
Liab.: Other insunmce companies
22.6
15.2
14.5
20.8
9.1
20.8
5.8
20.8
-11.2
9.7
13.3
13
14
Auel: Houaehokl aec1Dr
9.5
6.3
6.6
0.8
1.4
-1.3
7.8
6.0
2.0
9.8
3.2
5.0
2.8
4.5
-2.0
3.0
3.6
14.5
-0.0
3.0
3.3
0.7
-1.3
3.0
3.5
16.8
-2.6
3.0
3.7
-14.1
-3.9
3.0
3.9
9.8
-5.2
1.0
4.1
14.5
13.5
-2.5
2.1
1.0
4.3
14
15
16
17
-6.J
-6.1
0.6
0.6
6.5
6.5
-5.9
-5.9
1.4
1.4
-11.6
-11.6
-1.6
-1.6
0.1
0.1
18.8
18.8
2.7
2.7
-16.3
-16.3
18
19
1.6
1.6
5.5
5.5
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
3.8
20
21
50.6
50.6
43.6
43.6
24.6
24.6
-5.5
-5.5
59.7
59.7
105.6
105.6
27.6
27.6
63.2
63.2
42.7
42.7
52.4
52.4
169.1
169.1
22
23
15
16
17
Nonfmancial corpomo business
Nonfarm noncorpoiale buliness
Fann business
-6.5
UNlll«•d i l u - ...,,,,,,., ..,,,,..,,,
18
19
Liab.: life insunmce companies
Auel: Private pension funds
,..,,,,,,,,.,.,., """""""'°"'""'"""'
20
21
liab.: Nonfinancial corpoia1r business
Auel: Private pension funds
s«llri&, borrowd ( ,,.,):
22
23
liab.: Funding corpoiations
Auel: Broun and dealen
58
Zl, September 15, 1997
F.232 Unidentified Miscellaneous Financial Claims
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
Ql
Q2
Q3
Q4
--1997-QI
Q2
'9.8
1S-'
25.1
210.B
133.6
lSS-'
115.4
64.B
198.4
190.3
88.3
1
2
3
Nonfmancial corporate business
Nonfarm noncorporate business
34.2
7.6
95.2
3.6
37.3
7.7
116.9
7.7
148.0
8.4
241.2
8.4
33.1
8.4
207.4
8.5
110.1
8.4
108.8
6.4
227.9
6.4
2
3
4
Federal govemmont
Rest of the world
Mone1111y alllbority
-0.1
3.2
-2.2
0.7
14.8
0.6
3.9
-23.7
1.1
4.5
16.0
1.0
-3.2
13.2
-1.0
-14.5
36.S
-8.1
11.7
17.7
-2.0
-29.6
.«i.O
-0.9
19.6
64.S
7.1
-17.3
27.0
-12.3
22.4
6.0
7.5
s
6
7
8
9
10
11
C.Ommen:ial banking
U.S.-<>banered OOllllllen:ial banks
Foreign banking offices in U.S.
Bank holding companies
Banks in U.S.-affiliated affllB
37.4
-7.6
34.1
9.9
54.3
14.6
24.0
14.2
1.4
48.2
31.3
15.3
-0.2
1.8
74.5
3.5
41.S
26.6
2.9
-8.4
-11.7
-14.6
17.3
0.7
-71.2
-42.6
-29.1
1.1
-0.S
130.S
53.2
58.7
19.8
-110.1
-42.4
-71.2
0.2
3.3
17.3
-15.2
-16.6
48.0
1.0
165.4
62.3
33.0
58.4
11.7
137.7
-26.1
102.S
56.S
4.8
7
8
9
10
11
12
13
14
15
Savings institutions
C!mit unions
Life insumnce companies
Govemment-sponsored enterpriaes
1.5
0.1
3.0
13.S
-4.2
-0.7
-1.9
9.2
0.8
-3.4
0.0
S.6
0.3
1.0
4.0
-4.2
10.1
-2.3
0.1
14.7
-13.0
44.2
o.s
3.7
1.4
2.6
-19.0
-2.3
24.5
-3.7
-56.4
-1.6
-12.7
8.0
-30.8
3.7
-5.S
36.1
14.7
-0.S
0.9
•17.3
12
13
14
IS
1.0
0.6
-16.3
-13.8
-14.6
-0.1
-13.7
-69.1
4.9
2.9
-24.8
-21.2
-3.9
1.4
-13.9
-0.7
-4.7
2.3
-8.6
-14.9
5.0
1.5
-7.3
-15.3
2.1
-84.4
14.1
·15.1
2.5
47.6
-42.1
6.6
3.1
48.9
-24.3
10.7
1.8
-85.6
-18.3
-80.4
1.5
-61.6
-176.9
16
17
18
19
1
s
6
16
17
18
19
Net c ..... In lillbllltles
Finance companies
REITs
Brok.era and dealera
Funding corporations
I.I
o.s
7.5
-46.S
-I.I
4
138.6
m.1
203-'
30'-0
232.B
305.3
250.2
221.1
154.8
302.7
4'6.3
JO
21
22
23
Nonfmancial corporate business
Nonfarm noncorporate buliness
State and local govemments
46.4
6.1
3.6
202.0
8.0
4.8
93.6
9.5
1.0
172.1
7.7
3.7
187.7
6.1
12.2
280.1
5.6
5.3
87.7
6.2
0.9
199.0
6.3
18.7
184.0
6.4
24.0
248.8
4.7
34.5
136.2
4.8
-2.3
21
22
23
24
25
26
Federal govemmont
13.9
9.4
-2.2
-5.3
26.6
2.6
1.7
2.9
2.6
-3.8
35.2
-3.3
-8.1
35.8
2.3
-8.1
35.4
-6.1
-4.1
98.1
-0.6
-0.7
22.6
13.1
-19.6
-12.8
2.9
-13.6
98.1
-1.3
-8.7
24.1
8.5
24
27
28
29
30
31
C.Ommorcial banking
U.S.-<:lllnered commercial banks
Foreign banking offices in U.S.
Bank holdins companies
Banks in U.S.-affiliated affllB
38.S
0.0
34.3
4.8
-0.7
38.8
30.3
22.6
11.2
-3.9
0.5
-68.2
-1.4
-74.4
5.9
1.7
-0.1
-71.2
32.2
39.1
-0.2
-13.2
93.S
-67.8
-41.0
2.1
114.1
-11.3
112.2
15.0
-1.8
27
28
29
30
31
32
33
34
Saving, inslitutiona
C!mit unions
Bank penonal l!Ulta and ellates
35
36
Life insumnce companies
Private pension funds
37
S1111IO and local govt. retirement funds
38
Money mntet mutual funds
Mutual funds
Govemment-sponsored enterpriaes
JO
39
40
41
42
43
44
Net....,.ln-
Restoftbe world
Monetary alllbority
Finance companies
REIT1
Brok.era and dealers
Diacrepancy
25
26
-0.4
58.9
13.8
37.6
7.7
-0.1
13.6
2.4
5.0
4.6
1.6
-8.0
2.6
·22.2
11.3
0.3
5.7
60.3
-57.8
4.0
-0.8
-2.3
3.7
1.8
-10.2
1.7
3.5
-0.3
-3.4
-3.1
-2.0
-0.9
-1.1
-1.1
-0.2
4.1
-7.3
9.4
2.5
1.2
-9.S
4.5
65.0
5.1
-63.1
-1.3
4.4
-15.8
0.3
4.1
15.9
14.9
3.8
32
33
34
-8.4
21.3
30.4
-8.0
3.7
-21.7
20.6
9.5
11.8
4.9
17.0
1.2
·13.4
14.2
-4/J.7
-20.8
11.6
-55.0
-1.2
20.8
6.2
-14.8
20.4
-71.8
-16.8
3.9
-42.3
0.3
14.5
-21.6
14.3
24.7
-23.S
35
36
37
s.o
11.0
0.3
6.3
6.9
2.5
-1.7
12.8
-5.2
-12.3
9.7
4.8
-1.7
12.3
23.0
-5.1
17.0
23.8
12.1
-2.7
-14.1
-20.2
2.7
-13.3
6.5
32.0
14.6
3.4
-31.2
33.1
·11.8
26.9
40
-10.6
-1.2
0.8
5.3
3.0
5.0
-8.1
-0.1
-1.0
26.4
1.3
14.2
23.1
-0.7
4.1
15.S
-2.4
-0.7
-19.S
-2.1
-1.9
64.3
-1.8
-5.2
32.0
3.6
24.2
-9.6
2.5
-16.8
61.7
3.4
26.4
41
42
43
-68.8
-201.8
-178.8
-98.2
-99.2
-149.4
·134.8
-156.2
43.6
-112.4
-378.1
44
s.o
33.8
o.s
o.s
o.s
38
39
.
59
Zl, September 15, 1997
F .10 Sector Discrepancies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1992
1993
1994
1995
1996
1996
QI
AU-..
Q2
Q3
Q4
--1997-QI
Q2
.15.1
·211.7
-100.S
-31.3
7.l
0.6
,u
-195.0
182.l
42.5
-140.9
1.0
-100.6
-72.5
0.9
71.5
3.4
52.1
18.4
I.I
16.2
-14.9
99.2
125.1
-62.0
99.6
20.1
97.3
27.0
63.6
45.2
2
3
2
3
Household aeclDr
Nommancial corporate business
-78.3
51.7
4
5
6
Slate and local govemments
Federal govemment
Rest of the world
-30.6
31.3
-63.0
-21.7
9.7
-25.5
-27.8
32.6
-40.3
23.0
15.4
-42.0
25.4
49.4
-79.6
10.5
32.0
56.5
32.2
0.4
-118.1
29.4
49.0
-197.7
29.6
116.1
-59.0
31.3
26.7
-82.7
19.5
-9.0
-95.4
4
5
6
7
Financial aeclDn
13.8
-74.6
6.3
-102.7
-58.5
-115.7
42.3
-138.7
-24.4
-57.1
-164.7
7
Mone1aiy aUlbority
Commercial banking
0.3
21.0
-0.5
11.7
-3.1
34.6
-1.7
-16.2
1.0
10.4
-0.4
-44.3
-0.1
88.5
1.7
-29.7
2.2
27.1
-2.3
45.2
1.1
-90.1
8
9
10
11
12
Savings institutions
Cndit unions
Bank penonal trultl and el1Btes
0.3
-0.9
0.1
-12.0
-1.2
-0.7
-5.6
0.1
-1.0
-4.5
-1.4
-2.0
-1.9
-0.8
2.8
0.7
-0.8
1.0
5.0
-0.2
2.1
1.3
-0.4
3.4
-14.6
-1.9
4.7
-0.1
-0.4
6.5
-10.1
-1.7
7.7
10
11
12
13
14
Life illllllllDCe companies
Other ina1DBnce companies
-7.5
10.2
-40.7
-11.9
-2.2
-12.3
-37.3
-7.6
-30.4
-0.5
-21.3
3.1
-23.5
-8.7
-44.5
-12.0
-32.2
15.7
-15.5
-38.5
-13.8
2.1
13
14
15
16
Mutual funds
Govemment-sponaoffil enlerpriaes
-18.6
-1.7
-33.9
-2.0
-45.3
-2.3
-53.3
-1.6
-80.7
2.9
-70.4
-1.5
-74.8
-0.2
-83.8
-0.2
-93.8
13.5
-85.0
2.7
-85.0
1.4
15
16
17
18
19
20
lsauen of auet-backed aecuritiea
Finance companiea
REIJ's
Broken and dealen
0.0
7.5
3.4
-0.1
0.0
4.0
13.0
-0.4
0.0
24.1
18.8
0.5
0.0
0.0
15.8
22.4
0.5
0.0
-2.2
20.4
0.1
0.0
33.6
20.5
0.1
o.o
18.1
0.3
4.5
20.8
0.2
0.0
27.3
28.0
-0.2
0.0
1.6
29.1
-0.5
0.0
-6.2
29.7
0.1
17
18
19
20
,u
-195.0
182.l
42.5
-140.9
l
8
9
4.5
F .11 Instrument Discrepancies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
All t:,pe,,
.
-211.7
-100.8
-31.3
7.l
0.6
-1.1
2
3
Fomgn deposits
-0.2
-2.7
-0.2
-5.7
-0.2
43.0
-0.5
25.7
-1.0
58.1
73.2
-1.0
26.6
1.3
91.3
-3.1
41.3
-0.3
179.0
-0.6
54.5
2
3
4
5
Net interbank tranaactions
Security RPs
-4.9
4.7
4.2
46.1
-2.7
57.3
-3.1
55.1
-3.3
24.2
9.3
27.7
-22.5
124.8
-4.4
-133.3
4.2
n.6
26.5
-102.1
-24.9
166.7
4
5
6
7
Mail float,:
Federal govemment
Other
0.7
1.6
-1.5
-1.3
-4.8
-2.8
-6.0
-3.8
0.5
-4.0
2.7
-2.8
-6.6
-5.0
27.1
-4.7
-21.4
-3.7
-9.4
-2.6
16.1
-4.8
6
7
8
9
Trade credit
Taxes payable
11.8
11.9
-4.1
9.6
0.7
15.6
-30.5
14.8
-32.0
5.5
6.5
-14.6
-9.8
20.4
-101.5
7.7
-23.4
8.5
28.4
-27.5
-57.4
15.1
8
9
10
Mi9cellaneous
-68.8
-201.8
-178.8
-98.2
-99.2
-149.4
-134.8
-156.2
43.6
-112.4
-378.1
10
II
Nommancial
-29.1
-57.1
-28.1
15.1
58.6
49.1
49.0
77.9
58.5
63.0
72.4
11
44.8
-15.8
0.0
52.7
4.4
0.0
14.8
13.3
0.0
-28.2
13.1
0.0
-59.7
-50.2
-50.1
I.I
0.0
-79.0
1.1
-59.6
-64.2
1.2
0.0
-73.6
1.2
0.0
12
13
14
12
13
14
Treuuiy cum,noy
-75.l
No'lfi,umcial compoMna (nrn rew,rud):
S1atiatical diacn,pancy (NIPA)
Private wage aocnals less diabunements
Net capi1al grants from foreign
1.1
1.1
0.0
0.0
o.o
1.1
0.0
60
Z I, September 15, 1997
L.1 Credit Market Debt Outstanding (1)
Billions of dollars; levels, not seasonally adjusted
1991
T-cndil llW'bl_•_ a,,,:
2
1995
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
16199.6
172511.3
18479.2
18766.6
19107.8
19420.7
19795.2
20023.4
20306.7
Domestic nonfimmcial secton
11309.5
11852.5
12486.9
13087.1
13785.2
13980.9
14134.3
14308.4
14500.5
14658.4
14769.2
2
govemmont
2776.4
3080.3
3336.5
3492.3
3636.7
3717.2
3693.8
3733.1
3781.8
3829.8
3760.6
3
8533.1
8772.1
9150.4
9594.8
10148.5
10263.7
10440.6
10575.3
10718.8
10828.6
11008.6
4
4969.5
2922.9
1158.3
140.0
1073.1
5043.5
3003.6
1167.9
145.0
1080.6
5148.5
3038.7
1174.6
145.5
1068.0
5244. 7
3053.1
1190.7
145.1
1085.1
5275.0
3113.8
1204.2
142.7
1093.0
5362.8
3165.3
1222.2
147.0
1111.3
5
6
7
10
4
Nonfedeml oec11>ra
8
1994
15195.8
Feden,l
9
1993
14381.4
3
5
6
7
1992
Ho111ehold oec1Dr
Nonf'u,ancial corporaliO business
Nonfann noncorporaliO buainoss
Fann buliness
SlaliO and local govemmenll
3757.1
2432.6
1130.1
134.8
1078.4
3952.1
2470.0
1115.3
135.3
1099.5
4203.5
2528.6
1118.5
137.9
1161.8
4550.0
2667.5
1120.7
141.2
1115.4
4910.1
2875.9
1147.3
142.7
1072.5
8
9
10
Rest of the world
300.7
315.1
385.7
370.6
441.7
452.7
461.5
489.1
511.8
516.4
528.8
11
Financial aec1Dra
2771.2
3028.2
3327.0
3800.7
4252.3
4333.0
4511.9
4623.1
4782.9
4848.5
5008.7
11
184.6
47.4
24.9
112.3
194.6
58.8
21.2
114.6
208.0
68.6
16.0
123.4
228.1
81.0
13.4
133.6
250.6
92.2
10.4
148.0
241.8
90.4
10.0
141.4
252.0
94.8
8.8
148.4
255.8
97.8
8.9
149.1
262.3
102.6
9.6
150.0
266.2
104.8
9.8
151.7
286.9
114.9
10.3
161.7
12
13
14
15
95.4
0.0
88.4
0.0
99.6
0.2
112.4
0.5
115.0
0.4
117.8
0.4
128.3
0.3
134.9
0.4
141.1
0.4
137.4
0.4
145.9
0.4
16
17
0.0
41f'/.1
1156.5
338.9
0.0
447.9
1272.0
402.5
0.2
528.5
1356.8
485.3
0.6
700.6
1472.1
554.1
0.5
806.5
1570.3
687.0
I.I
1.2
846.l
1643.3
756.7
I.I
814.4
1599.7
717.3
866.1
1679.0
781.3
1.6
896.9
1711.4
819.5
1.8
894.7
1740.0
829.0
1.8
944.2
1762.l
849.5
18
19
20
21
389.9
22.2
13.6
19.0
143.5
387.6
30.2
13.9
21.7
169.3
386.7
30.2
17.4
33.7
180.3
435.8
18.7
31.1
34.3
212.3
486.6
19.l
37.1
29.3
249.8
493.8
24.l
39.l
21.4
262.2
506.3
28.1
42.0
24.6
283.0
513.7
28.5
45.4
26.1
290.7
529.8
31.5
49.9
27.3
311.3
528.2
33.0
54.6
26.6
336.7
557.7
35.5
59.3
37.2
328.2
22
23
24
25
26
14381.4
151'5.8
161,u
172511.3
18479.2
18766.6
19107.8
19420.7
19795.2
20023.4
20306.7
r,
2613.6
2723.0
2795.8
3085.7
2964.1
2928.4
3013.5
2982.4
3000.3
2899.1
2855.3
28
1594.8
230.0
38.3
750.6
1674. 7
257.8
38.1
752.3
1702.4
271.5
37.0
784.9
2029.l
289.2
37.6
729.9
1991.8
286.8
37.9
647.5
1970.0
273.6
38.0
646.8
2040.5
285.7
38.l
649.1
2047.5
286.8
38.2
609.9
2068.6
302.1
38.3
591.3
2007.8
289.6
38.4
563.3
1961.4
291.6
38.6
563.7
29
12
13
14
15
Commercial banking
U.S.-<:bal1end ooimaen:ial banks
Foieign banking offices in U.S.
Bank holding companies
Savings illllitulions
16
17
Credit unions
18
19
20
21
Ufe insumnce companiea
Govemment-sponsond enlelprioea
Federally relalecl mortgage pool,
ABS issuen
22
23
24
25
26
Finance companies
Mortgage compeniea
REif•
Broun and dealen
r,
28
29
30
31
32
Funding corporations
T-credil llW'Dl-la held by:
Domatic nonfederal nonf'u,ancial oec11>ra
Ho111ehold oec1Dr
Nonf'u,ancial corporaliO business
Nonfann noncorporallo buainoss
SlaliO and local govemments
30
31
32
33
34
Fedeml government
Jlntofthe "°rid
248.0
928.8
237.5
1023.0
234.7
1147.8
212.0
1254.8
191.6
1563.1
186.6
1656.5
183.0
1722.0
176.8
1844.6
170.7
1953.5
166.0
2050.7
162.8
2125.8
33
34
35
FiDancial oec11>n
10591.0
11212.2
12021.3
12705.7
13760.4
13995.1
14189.3
14416.8
14670.7
14907.5
15162.9
35
272.5
300.4
336.7
368.2
380.8
379.6
386.3
386.2
393.1
397.1
412.4
36
2853.3
2502.5
319.2
11.9
19.7
2948.6
2571.9
335.8
17.5
23.4
3090.8
2721.5
326.0
17.5
25.8
3254.3
2869.6
337.1
18.4
29.2
3520.1
3056.1
412.6
18.0
33.4
3541.6
3068.8
422.2
16.8
33.9
3590.8
3101.3
437.1
18.1
34.3
3643.3
3135.3
454.2
19.3
34.5
3707.9
3175.8
475.8
22.0
34.4
3780.5
3222.2
499.5
22.5
36.3
3866.8
3304.5
501.8
23.8
36.8
37
38
39
937.4
197.1
231.5
914.1
218.7
240.9
920.8
246.8
248.0
913.3
263.0
229.2
921.8
267.0
228.3
933.0
276.9
229.4
945.4
282.6
231.3
933.2
288.5
233.l
932.4
290.1
235.2
937.7
296.4
237.4
42
43
36
Monetary authority
37
38
39
Commercial banking
U.S.-<:borliOnd commercial banks
Foieign banking office, in U.S.
40
41
Bonk holding compmiea
Banks in u.S.-affilialecl .....
Savings illllitulions
40
41
42
43
Credit unions
44
Bonk penoml tn1111 and e111111e1
1013.2
179.4
223.5
45
Ufe insumnce companies
Other inaumnoe companies
Privaae pension funds
Slaflo and local govt reliremont funds
1218.9
376.6
524.4
396.4
1304.4
389.4
561.9
402.3
1416.0
422.7
611.4
423.4
1482.6
446.4
659.2
454.1
1581.8
468.7
722.3
476.8
1596.2
472.1
739.6
491.9
1596.7
479.7
751.0
505.0
1627.0
483.2
761.4
506.3
1654.3
490.2
768.8
511.3
1680.2
491.2
783.2
522.5
1701.5
494.0
797.7
529.l
Money llllrlcet mll!Uai funds
403.9
440.2
49.5
388.8
1156.5
315.5
408.6
566.4
67.7
457.6
1272.0
374.9
429.0
725.9
82.0
545.5
1356.8
455.1
459.0
718.8
78.7
663.3
1472.1
516.8
545.5
771.3
92.0
748.0
1570.3
627.9
595.6
795.9
94.8
755.8
1599.7
653.3
594.7
809.0
97.2
758.9
1643.3
686.0
606.6
818.3
99.5
779.3
1679.0
704.l
634.3
820.2
101.3
813.6
1711.4
730.0
659.0
838.3
103.0
824.3
1740.0
733.7
656.5
864.7
104.3
854.8
1762.1
750.5
50
51
52
53
54
453.0
60.3
7.0
124.0
134.2
453.3
60.5
8.1
122.7
147.5
427.9
60.4
8.6
137.5
117.9
476.2
36.5
13.3
93.3
97.3
526.2
33.0
15.5
183.4
91.3
530.3
46.0
16.3
156.2
113.2
539.9
39.3
17.2
138.2
116.8
538.3
40.2
18.0
147.1
119.8
544.5
41.2
18.5
166.3
108.8
551.6
39.2
19.0
163.l
124.1
552.3
39.2
19.9
168.9
116.9
55
56
57
58
59
46
47
48
49
50
51
52
53
54
55
56
57
58
59
Mll!Uai funds
Clooed~nd funds
Govemment-sponsond enliOlprites
Federally relalecl mortgage pools
ABS issuen
Finance companies
Mortgage companies
REif•
Broun and dealera
Funding corpomlions
( 1) Excludes corponle equiliea and mll!Uai fund abores.
44
45
46
47
48
49
61
Zl, September 15, 1997
L.2 Credit Market Debt Owed by Nonfinancial Sectors
Billions of dollars; levels, not seasonally adjusted
1991
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
1993
1994
1995
1996
Ql
Q2
Q3
Q4
--1997-QI
Q2
11:JOf.5
11852.S
12486.9
13087.1
137115.2
13980.9
14134.3
14308.4
14500.5
146511.4
14769.2
Federal govemment
Treasucy securities
Budget agency secur. and mortgages
2n6.4
2757.8
18.6
3080.3
3061.6
18.8
3336.5
3309.9
26.6
3492.3
3465.6
26.7
3636.7
3608.5
28.2
3717.2
3689.6
27.6
3693.8
3665.5
28.2
3733.1
3705.7
27.4
3781.8
3755.1
26.6
3829.8
3803.5
26.3
3760.6
3734.3
26.3
2
3
4
Nonfoderal, by instrument
Commercial paper
Municipal securities and loans
Corpomle bonds
Bank Joans n.e.c.
Other Joans and advances
8533.1
98.5
1272.2
1086.9
688.1
639.3
8772.1
107.1
1302.8
1154.5
675.7
648.3
9150.4
117.8
1377.5
1229.7
680.8
629.3
9594.8
139.2
1341.7
1253.0
755.7
673.0
10148.5
157.4
1293.5
1326.3
856.1
719.4
10263.7
174.2
1290.3
1341.5
864.4
728.8
10440.6
181.7
1296.1
1359.4
887.0
737.4
10575.3
173.0
1279.8
1376.4
915.5
745.1
10718.8
156.4
1294.8
1398.8
926.0
741.4
10828.6
168.7
1298.8
1418.7
962.1
746.2
11008.6
179.3
1315.5
1440.2
6
7
998.4
743.3
9
10
3951.3
2849.4
282.7
740.0
79.2
796.7
4082.8
3038.5
272.0
692.6
79.7
801.0
4252.2
3225.0
267.4
679.0
80.7
863.0
4444.1
3424.0
269.1
668.0
83.0
988.1
4667.2
3616.4
279.5
686.8
84.6
1128.6
4744.0
3682.3
283.2
693.6
85.0
1120.5
4832.2
3719.7
291.4
734.9
86.2
1146.9
4908.3
3792.4
294.4
734.7
86.7
1177.3
4986.4
3850.6
301.1
747.6
87.1
1214.9
5040.2
3898.0
302.4
752.1
87.6
1193.9
5118.9
3956.0
307.6
766.6
88.8
1213.0
11
12
13
14
15
16
8533.1
3757.1
3697.5
2432.6
1130.1
134.8
1078.4
8m.1
3952.1
3720.6
2470.0
1115.3
135.3
1099.5
9150.4
4203.5
3785.0
2528.6
1118.5
137.9
1161.8
9594.8
4550.0
3929.4
2667.5
1120.7
141.2
1115.4
10148.5
4910.1
4165.9
2875.9
1147.3
142.7
1072.5
10263.7
4969.5
4221.2
2922.9
1158.3
140.0
1073.1
10440.6
5043.5
4316.5
3003.6
1167.9
145.0
1080.6
10575.3
5148.5
4358.9
3038.7
1174.6
145.5
1068.0
10718.8
5244.7
4388.9
3053.1
1190.7
145.1
1085.1
10828.6
5275.0
4460.7
3113.8
1204.2
142.7
1093.0
11008.6
5362.8
4534.5
3165.3
1222.2
147.0
1111.3
17
18
19
20
21
22
23
Demalic
2
3
1992
Mortgages
Home
Multifamily reaiclential
Commercial
Fann
Consumer credit
Nonfoderal, by aector
Ho111ebold aector
Nonfinancial blllinoss
Corpom!IO
Nonfarm noncorpoiale
Fann
S1ale and local govemmenll
5
8
24
F...... cndltnmutclebt
bold In U.S.
300.7
315.1
385.7
370.6
441.7
<t$2.7
4'1.5
419.1
511.8
SIU
528.8
24
25
26
27
28
Commercial paper
Bonds
Bank Joans n.e.c.
Other loam and advances
81.8
130.4
21.6
67.0
n.1
147.2
23.9
66.3
68.7
230.1
24.6
62.3
41.4
242.3
26.1
60.8
55.0
291.9
34.6
60.2
51.5
303.8
36.8
60.6
53.4
306.7
40.5
60.9
64.8
321.7
41.7
61.0
65.8
341.3
43.7
61.0
67.9
344.1
43.5
61.0
69.8
351.5
46.2
61.2
25
26
27
28
11,10.2
121'7.6
12872.6
13457.6
14227.0
14433.6
1495.9
147'7.5
15012.3
15174.8
152'11.0
2'
2'
o.n...dc and . _....
L.3 Credit Market Debt Owed by Financial Sectors
Billions of dollars; levels, not seasonally adjusted
1
2
3
4
5
6
7
8
9
10
11
12
By.__nt
2771.2
3028.2
3327.0
3800.7
4252.3
4333.0
4511.9
4'23.1
4782.9
4848.5
5008.7
Federal govemment-relaled
Govt.-spomored en1erprise aecuritie1
Mortgage pool aecurities
U.S. govemment loam
1564.2
402.9
1156.5
4.8
1720.0
443.1
1272.0
4.8
1885.2
523.7
1356.8
4.8
2172.7
700.6
1472.1
0.0
2376.8
806.5
1570.3
0.0
2414.0
814.4
1599.7
0.0
2489.4
846.l
1643.3
o.o
2545.1
866.1
1679.0
0.0
2608.3
896.9
1711.4
0.0
2634. 7
894.7
1740.0
0.0
2706.2
944.2
1762.1
0.0
2
3
4
5
Private financial aectora
1207.1
385.7
653.3
76.2
87.1
4.8
1308.3
394.3
745.1
1627.9
442.8
985.9
48.9
131.6
18.7
1875.4
488.0
1174.7
53.1
135.0
24.6
1919.0
491.9
1208.5
58.6
133.6
26.5
2022.5
518.5
1265.2
63.9
145.8
29.2
2078.1
539.6
1287.6
64.2
154.2
32.4
2174.6
580.7
1325.8
69.8
162.2
36.0
2213.8
624.S
1319.9
71.3
158.2
40.0
2302.5
644.0
1365.8
74.3
174.9
43.5
6
7
86.6
5.4
1441.8
393.5
867.9
62.6
108.9
8.9
9
10
11
2771.2
3028.2
3327.0
3800.7
4252.3
4333.0
4511.9
4'23.1
4782.9
41148.5
5008.7
12
102.6
148.0
115.0
0.4
100.5
141.4
117.8
0.4
103.6
148.4
128.3
0.3
106.7
149.1
134.9
0.4
112.3
150.0
141.1
0.4
114.5
151.7
137.4
0.4
125.2
161.7
145.9
0.4
13
14
15
16
Open maitet paper
CorpomtlC bonds
Bank loam n.e.c.
Other loam and advances
Mortgages
B:,-r
13
14
15
16
Commercial banks
Bank holding companies
Savings institutions
Credit unions
17
18
19
20
Life insumnce companies
Govemment-spomored enlerprises
Federally relaled mortgage pools
ABSiuuers
21
22
23
24
25
Broken and dealers
Finance companies
Mortgage companies
REifs
fundins corpoiations
n.o
8
72.3
112.3
95.4
0.0
80.0
114.6
88.4
0.0
84.6
123.4
99.6
0.2
94.5
133.6
112.4
0.5
0.0
407.7
1156.5
338.9
0.0
447.9
1272.0
402.5
0.2
528.5
1356.8
485.3
0.6
700.6
1472.1
554.1
0.5
806.5
1570.3
687.0
1.1
814.4
1599.7
717.3
1.2
846.1
1643.3
756.7
1.1
866.1
1679.0
781.3
1.6
896.9
1711.4
819.5
1.8
894.7
1740.0
829.0
1.8
944.2
1762.1
849.5
17
18
19
20
19.0
389.9
22.2
13.6
143.5
21.7
387.6
30.2
13.9
169.3
33.7
386.7
30.2
17.4
180.3
34.3
435.8
18.7
31.1
212.3
29.3
486.6
19.1
37.1
249.8
21.4
493.8
24.1
39.1
262.2
24.6
506.3
28.1
42.0
283.0
26.1
513.7
28.5
45.4
290.7
27.3
529.8
31.5
49.9
311.3
26.6
528.2
33.0
54.6
336.7
37.2
557.7
35.5
59.3
328.2
21
22
23
24
25
62
Zl, September 15, 1997
L.4 Credit Market Debt, All Sectors, by Instrument
Billions of dollars; levels, not seasonally adjusted
1991
l
Tetal
1992
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
143111.4
1si,s.s
16199.6
172Sll.3
1847'.2
18766.6
1,101.8
19420.7
1'795.2
20023.4
20306.7
2
3
4
5
Open market paper
U.S. govemment oecurities
Municipal oecurities
Corpomte and fonoign bonds
565.9
4335.7
1272.2
1870.6
579.0
4795.5
1302.8
2046.8
580.0
5216.9
1377.5
2327.6
623.5
5665.0
1341.7
2481.2
700.4
6013.6
1293.5
2793.0
717.6
6131.2
1290.3
2853.8
753.6
6183.1
1296.1
2931.3
777.4
6278.2
1279.8
2985.7
803.0
6390.0
1294.8
3066.0
861.1
6464.5
1298.8
3082.6
893.1
6466.8
1315.5
3157.5
2
3
6
7
8
9
Bank loans n.e.c.
Other loans and adwnoes
Mortgages
785.9
798.2
3956.1
796.7
776.6
805.9
4088.2
801.0
768.0
805.3
4261.2
863.0
830.8
865.3
4462.8
988.1
943.8
914.6
4691.8
1128.6
959.7
923.0
4770.5
1120.5
991.4
944.1
4861.4
1146.9
1021.3
960.3
41}40.7
1177.3
1039.5
964.6
5022.4
1214.9
1076.9
965.3
5080.2
1193.9
1118.9
979.4
5162.4
1213.0
6
7
8
9
4866.0
769.5
5458.3
6257.6
1375.4
6237.9
1477.3
8331.3
1852.8
8809.7
1997.0
9105.0
2129.9
9340.5
2211.6
10061.1
2342.4
10072.3
2411.5
11719.8
2731.1
10
11
Consumer credit
4
5
Memo:
~kcted claims not uu:htdu abow,:
10
11
Corpomte equities
Mutual fund abanos
992.5
L.S Total Liabilities and Their Relation to Total Financial Assets
Billions of dollars; levels, not seasonally adjusted
credit,,_...,, debt
l
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Tetal
(1nm table L.')
Off'Jcial fonoign exchange
SDR certificates
TffllllllY cum,ncy
Foreign deposill
Net intemank liabilities
Checkable deposill and cum,ncy
Small time and savings deposill
La,ge time deposill
Money inarltet fund shares
Security RPa
Mutual fund abata
Security credit
Life imumnce ~aerves
Pension fund nooerves
143111.4
151,5.s
16199.6
172Sll.3
1847'.2
18766.6
1,101.8
19420.7
197'5.2
20023.4
20306.7
55.4
10.0
16.3
273.5
96.4
51.8
8.0
16.5
267.7
138.5
53.4
8.0
17.0
271.8
189.3
53.2
8.0
17.6
324.6
280.1
63.7
10.2
18.2
359.2
290.7
62.1
10.2
18.2
384.4
266.0
61.4
10.2
18.2
385.2
211}.I
54.3
9.7
18.8
415.1
223.6
53.7
9.7
18.2
438.1
239.7
46.3
9.2
18.3
485.2
210.1
46.7
9.2
18.3
505.0
1020.9
2350.7
488.4
535.0
355.8
1134.4
2293.5
415.2
539.5
399.9
1251.7
2223.2
391.7
559.6
471.1
1242.0
2183.3
411.2
602.9
541}.4
1229.3
2279.7
476.9
745.3
660.1
1183.3
2342.3
41}3.6
816.9
666.1
1212.3
2340.1
511.1
809.5
692.1
1220.8
2357.4
557.6
838.1
687.6
1245.1
2376.8
590.7
891.1
698.8
1219.0
2428.7
1261.8
2435.3
605.4
646.4
950.8
716.6
952.4
774.3
II
769.5
188.9
406.8
3876.9
992.5
217.7
434.8
4218.1
1375.4
279.0
470.8
4663.3
1477.3
279.0
505.3
4871.8
1852.8
305.7
550.2
5597.3
1997.0
326.9
555.0
5753.0
2129.9
318.6
563.1
5874.0
2211.6
317.8
577.2
5989.4
2342.4
358.0
593.8
6257.7
2411.5
380.0
604.8
6339.9
2731.1
409.1
621.4
6789.1
12
13
14
15
995.1
79.7
660.6
4711.4
1047.8
84.8
691.3
5109.8
1141.5
86.3
699.4
5379.1
1246.7
88.0
767.4
5783.0
1235.5
93.0
793.7
5951.7
1271.5
89.2
811.7
5948.9
1267.7
91.1
829.0
6027.7
1322.1
91.1
872.0
6135.1
1313.8
93.0
890.4
6327.6
1336.1
85.0
969.7
6267.5
16
17
18
19
199.4
2
3
4
5
6
7
8
9
10
16
17
18
19
Trade payables
Taxes payable
Mitcellaneous
948.3
70.0
639.3
4371.9
20
TetalllablOON
30855.S
3ffl0.6
J53!111.S
37370.S
40803.4
41715.4
42403.7
43115.3
44329.3
4!074.0
46364.4
20
22.3
4866.0
3200.3
19.6
5458.3
3162.8
20.1
6257.6
3219.2
21.1
6237.9
3416.3
22.1
8331.3
3620.8
22.1
8809.7
3664.6
22.0
9105.0
3731.0
21.2
9340.5
3797.3
21.4
10061.1
3850.3
20.9
10072.3
3908.2
21.1
11719.8
3901.6
21
22
23
-4.7
222.6
.4.2
.4.9
217.6
-9.3
-5.1
233.2
.4.7
-5.4
276.2
-6.5
-5.8
301.2
-9.0
-6.1
319.5
·2.6
-6.3
326.1
-8.0
-6.0
348.9
-11.6
-6.8
356.4
·10.6
-6.9
401.1
·1.7
-7.0
414.7
-8.3
24
25
26
-53.3
16.6
•772.2
•47.6
25.2
-717.2
·l.6
26.8
-887.6
55.7
33.7
-988.6
110.9
42.8
-1081.0
121.7
22.6
-1098.4
111}.2
36.9
-1213.2
126.5
40.9
·1246.8
135.1
44.3
·1354.7
110.8
-1295.8
150.3
28.6
-1364.8
27
28
29
3.8
40.4
-263.1
6.8
42.0
-250.5
5.6
40.7
-247.5
3.4
38.0
-247.7
3.1
34.2
-278.2
-0.0
29.6
-332.0
-3.4
31.8
-343.4
-1.7
23.1
-383.6
-1.6
30.1
-310.2
·9.7
25.6
-361.2
-6.8
27.9
-381.5
30
31
32
3'758.3
42149.l
45695.7
,7887.o
5365'.6
55157.S
5'292.l
57384.6
9380.2
60182.7
'3153.8
33
Jnveatment in bank penonal trusts
+ Financial astto not uu:lllded in
21
22
23
24
25
26
27
28
29
liabililiu:
Gold and SDR1
Corpomte equities
Household equity in noncorp. bus.
• UabiliMs not ukniijwd as assets:
TffllllllY cum,ncy
Foreign depo1i11
Net intemank ttansactions
Security RPa
lixes payable
Miscellaneous
30
31
32
• Floab not inchuud in assets:
Checkable deposits: Fedeml govt.
Other
Tmde credit
33
Te&all ldenlllled a. NCt.n • -ta
30.5
63
Z.l, September 15, 1997
L.9 Assets and Liabilities of the Personal Sector (1)
Billions of dollars; levels, not seasonally adjusted
1991
Tetal llnancllll -
1992
1993
1994
1996
1995
QI
Q2
Q3
Q4
--1991-QI
Q2
13715.8
14748.6
l!IM0.6
1'352.7
18'5"4
1'229.l
1'620.8
1994U
20726.1
20819.3
22405.4
15.6
616.8
2397.7
342.2
15.8
674.4
2291.2
341.8
18.8
651.5
2289.0
355.3
23.4
612.6
2445.9
455.7
26.0
587.5
2517.6
509.2
27.7
576.2
2533.8
489.5
30.4
565.8
2574.3
503.9
33.2
554.6
2624.2
535.0
37.2
538.7
2678.5
582.8
40.5
532.1
2727.2
569.7
2
3
4
5
2
3
4
5
Foreign deposits
Chockable deposits and cunency
nme and saving• deposits
Money marltet fund shares
14.6
513.0
2474.6
383.1
6
Securities
4618.1
5179.4
5741,l
5960.9
7141.5
7396.7
7648.1
7755.4
8104.4
7979.2
8963.2
6
33.3
138.1
255.1
124.1
29.9
157.3
317.5
153.7
45.S
171.9
318.1
116.3
46.7
179.9
524.1
275.5
59.9
185.0
498.8
240.5
61.2
185.8
492.4
232.6
63.9
186.5
496.2
269.1
73.2
186.8
489.6
304.2
82.6
187.0
507.9
309.8
94.5
186.5
482.7
331.8
104.4
186.3
395.3
346.6
7
8
9
10
614.1
288.9
2577.9
586.6
585.6
284.4
2923.2
727.9
556.8
325.1
3216.6
990.9
500.8
326.6
3059.9
1047.4
442.4
381.0
4086.1
1247.8
429.0
381.8
4263.0
1350.9
430.0
403.3
4349.6
1449.4
410.7
388.3
4395.3
1507.4
411.5
371.5
4651.3
1582.9
401.4
309.8
4553.1
1619.3
410.5
315.0
5377.7
1827.4
11
12
13
14
393.8
659.1
1889.0
1341.8
421.5
743.0
1983.1
1505.4
457.2
2218.9
1621.7
491.5
878.1
2308.4
1699.1
536.3
992.4
2674. 7
1944.0
541.3
997.0
2758.8
2010.9
549.1
997.9
2831.1
2059.0
563.5
1011.1
2893.2
2098.9
580.1
1026.4
3053.5
2191.4
591.4
1050.9
3084.4
2218.1
607.4
1069.9
3340.1
2393.2
15
16
17
18
639.3
859.5
660.6
883.4
691.3
950.9
699.4
1000.7
767.4
1065.6
793.7
1090.5
811.7
1096.8
829.0
1118.5
872.0
1151.2
890.4
1167.7
969.7
1192.5
19
20
"'7J)
5566.4
!11!11.2
,230.7
"44i.1
6728.1
6825.4
ff39.6
7N.1
7119.8
'nU.9
21
2832.4
903.6
796.7
3021.0
868.4
801.0
3206.9
844.1
863.0
3405.3
815.3
988.1
3597.1
810.9
1128.6
3662.8
818.2
1120.5
3700.0
825.5
1146.9
3772.7
826.7
1177.3
3830.6
842.2
1214.9
3877.9
846.7
1193.9
3935.7
858.7
1213.0
22
23
24
67.3
55.1
711.8
73.0
53.5
749.6
78.6
76.1
789.5
86.4
75.1
860.6
96.9
78.6
934.0
98.7
89.1
938.7
99.9
89.9
963.2
102.9
86.9
973.2
101.4
94.3
984.7
102.9
101.1
997.2
105.3
109.7
1022.5
25
26
27
7
8
9
10
Open marl<et paper
U.S. savings bonds
Other Trealll!y aecurities
>.sency aecuritiea
11
12
13
14
Municipal aecuritiea
Corpomte and fon,ign bonds
Corpomte equitiea (2)
Mutual fund anea
IS
16
17
18
Govt. insumnce and pension neaerves
19
20
lnvelllllent in bank penonal lrUl1I
Miecellaneo111 auets
21
22
23
24
25
26
27
Private life insurance neaervea
Private insured pension neaerves
Private noninsured pension neaerves
Tecalllabllll..
Moltp8e debt on nonfmm homes
Other mortpge debt (3)
ColllUIDer credit
Policy IOIDI
Security credit
Other liabilities (3)
836.4
(I) Combined 11ateme11t for bomelr,ld oector, mnfum noncorpomte busine11, and fann busineoL
(2) Only dinect.ly beld and those inclooed..,nd funda. O!ber equities an, iDcl..ted in IIUUll funda (line 14), life in11nnce and pension reserve, (lines 15, 16, 17, and 18), and bank penoml 1111111 (line 19).
(3) Include• coiponte farm,,
64
Zl, September 15, 1997
L.100 Households and Nonprofit Organizations (1)
Billions of dollars; levels, not seasonally adjusted
1991
1
2
3
4
5
6
7
Tellll llmndlll Deposits
Fomgn deposits
Chocbble deposits and cum,ncy
Time and
deposits
Money market fund s.ha!es
•vins•
Cndit imrlcet insttuments
8
9
10
11
12
13
Open marbt paper
U.S. govemment IOCllrities
14
15
16
Municipal IOCllrities
Corpomte and fomgn bonds
Mortgages
Treasmy
Savings bonds
Other TtalllfY
A8eDCY
Corpomle equities (2)
Mlllllllfundlllomi
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
164411.0
17~.2
111482.4
lf14S.7
21625.3
22231.f
22682.7
23064.8
231188.6
24034.1
25607-'
3244.4
3226.8
3161.6
3138.0
3351.0
3451.8
3436.7
3481.8
3552.3
3640.5
3670.8
2
14.6
426.6
2423.7
379.5
15.6
523.6
2349.1
338.6
15.8
571.9
2236.0
337.9
18.8
542.3
2225.6
351.3
23.4
499.9
2376.2
451.6
26.0
473.9
2446.8
505.0
27.7
461.7
2462.0
485.3
30.4
450.4
2501.3
499.6
33.2
438.3
2550.2
530.7
37.2
421.0
2603.8
578.4
40.5
413.1
2651.9
565.3
3
4
5
6
1594.8
1674. 7
1702.4
2029.1
1991.8
1970.0
2040.5
2047.5
2068.6
2007.8
1961.4
7
33.3
505.1
381.0
138.1
242.8
124.1
29.9
615.5
461.8
157.3
304.5
153.7
45.5
593.0
476.7
171.9
304.8
116.3
46.7
965.5
690.0
179.9
510.1
275.5
59.9
909.9
669.4
185.0
484.4
240.5
61.2
896.3
663.7
185.8
477.8
232.6
63.9
937.2
668.1
186.5
481.6
269.1
73.2
965.8
661.6
186.8
474.8
304.2
82.6
989.7
680.0
187.0
493.0
309.8
94.5
986.0
654.2
186.5
467.7
331.8
104.4
913.1
566.5
186.3
380.1
346.6
8
9
10
11
12
13
614.1
288.9
153.3
585.6
284.4
159.4
556.8
325.1
182.0
500.8
326.6
189.5
442.4
381.0
198.6
429.0
381.8
201.8
430.0
403.3
206.1
410.7
388.3
209.5
411.5
371.5
213.3
401.4
309.8
216.1
410.5
315.0
218.4
14
15
16
2577.9
586.6
87.0
3216.6
990.9
102.3
470.8
4663.3
3059.9
1047.4
109.0
505.3
4871.8
4086.1
1247.8
127.6
550.2
5597.3
4263.0
1350.9
140.9
555.0
5753.0
4349.6
1449.4
136.8
563.1
5874.0
4395.3
1507.4
145.2
577.2
5989.4
4651.3
1582.9
162.9
593.8
6257.7
4553.1
1619.3
172.0
6339.9
5377.7
1827.4
184.1
621.4
6789.1
17
18
19
20
21
406.8
3876.9
Investmont in t.nk penonal tnll1l
llquity in nonoorpomte business
Milcellaneoua •-ts
639.3
3200.3
234.1
660.6
3162.8
251.0
691.3
3219.2
264.1
699.4
3416.3
269.5
767.4
3620.8
285.4
793.7
3664.6
289.0
811.7
3731.0
290.0
829.0
3797.3
294.7
872.0
3850.3
296.8
890.4
3908.2
297.9
969.7
3901.6
304.8
22
23
24
3'05.7
4103.7
4386.1
4736.6
510U
517'.0
525U
539.1
5467.2
5503.f
5602.f
25
3757.1
3952.1
4203.5
4550.0
4910.1
a;g.5
5043.5
5148.5
5244.7
5275.0
5362.8
26
2654.1
796.7
89.9
2816.7
801.0
99.1
2971.0
863.0
111.1
3164.3
988.1
125.6
3358.1
1128.6
131.4
3424.8
1120.5
132.4
3462.3
1146.9
133.4
3534.9
1177.3
134.4
3592.9
1214.9
135.7
3640.0
1193.9
136.7
3697.0
1213.0
137.5
27
28
29
10.8
110.2
95.5
15.0
119.5
100.9
23.4
126.6
108.5
35.9
134.7
101.5
49.9
144.6
97.5
45.8
145.7
100.2
51.9
147.3
101.8
52.2
148.2
101.5
411.5
146.2
105.6
54.5
145.9
104.0
65.5
145.4
104.4
30
31
32
55.1
77.7
53.5
82.5
76.1
89.8
75.1
94.0
78.6
102.4
89.1
101.8
89.9
104.7
86.9
104.6
94.3
108.9
IOI.I
108.4
109.7
110.6
33
34
15.7
15.8
16.6
17.5
18.4
18.6
18.8
19.0
19.3
19.5
19.7
35
T.... llllbllllleo
Cndit mamt insttuments
Home mortgages
27
28
29
Consumerc:mlit
30
31
32
Bank loam n.e.c.
Other loam and advance,
Commercial mortgages
35
1995
Pension fund noaerves
22
23
24
33
34
1994
Ufe imumnce maerves
Security Cffllit
26
1993
2923.2
727.9
76.2
434.8
4218.1
17
18
19
20
21
25
1992
Municipal IOCllritie1
Security Cffllit
Trade payables
Deferred and unpaid
life inaunmce pn,mi111111
60l8
(I) Sector include, farm bouoeboldl. Supplememry tables (tables F.100.a and L 100.a) show eltimstu of llDDial llow, and year-end olllltaDdings of nmq,rofit orpnizatiom.
(2) Only dufflly held and those in closed-end fuoda. Other equities an, included in DllUI.I funds (line 18), life inauni:r::e and pension n,,erve, (line, 20 and 21), and bank penonal trults (line 22).
65
Z I, September 15, 1997
L.101 Nonflnancial Business (1)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
Tetalllmnclal2
3
4
Foreign deposits
6
Checkable deposits and cumncy
nme and
deposits
Money 111Bmtfund shares
Security RPs
7
Cmlit made.et instruments
5
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
•Ying•
Commercial paper
U.S. sovemmem securities
Muaicipal securities
MoltB88H
Consumer credit
Mutual fund shares
Tlllde noc,eivables
Milcellaneoua suets
Tetal llabllldeo
Cmlit made.et instruments
Commercial paper
Q2
Q3
Q4
--1991-QI
Q2
42'2.9
4477.li
48S9.S
5185.2
5'30.4
~38.7
!1143.3
5'58.li
6070.1
615'.4
62'3.7
15.0
268.9
117.7
14.3
282.6
100.S
14.0
330.9
130.9
35.1
51.0
12.9
305.6
129.3
48.7
2.5
2.2
17.2
359.9
139.7
84.7
4.2
18.2
378.9
147.S
86.0
4.6
25.4
402.2
141.2
88.S
3.8
26.2
402.3
133.1
91.7
3.6
5
5.1
17.7
346.9
133.S
84.0
2.4
29.S
416.2
128.7
93.S
1.6
15.0
351.7
135.6
Bl.I
2.4
5.1
6
268.3
296.0
308.S
326.8
324.7
311.6
323.9
325.0
340.4
328.0
330.2
7
14.7
60.8
44.8
85.0
63.0
17.0
82.2
45.8
85.2
65.7
19.4
81.2
54.7
76.0
77.2
18.8
84.7
56.7
80.0
86.6
19.9
79.4
85.0
85.1
17.2
78.4
52.4
87.0
76.7
20.S
86.9
55.9
88.S
72.0
23.0
89.1
54.0
90.4
68.S
30.7
91.7
47.8
92.4
77.7
25.8
89.2
48.6
94.4
70.0
27.1
88.1
50.6
96.4
68.0
8
9
10
11
12
14.8
1058.1
2513.4
21.1
1092.8
2614.3
29.8
1138.0
2884.2
31.1
1224.0
3069.2
45.7
1334.4
3339.8
49.3
1367.9
3425.4
51.4
1410.8
3451.S
53.4
1434.6
3510.4
58.6
1403.S
3606.S
62.1
1431.0
3681.3
73.1
1467.1
3720.3
13
14
15
62'1.0
'572.4
'860.7
7121.5
7558.S
7"9.4
7782.9
71164.8
7966.2
8071.4
81'8.7
16
3697.S
3720.6
3785.0
3929.4
4165.9
4221.2
4316.S
4358.9
4388.9
4460.7
4534.5
17
98.S
56.2
55.4
2
3
4
Municipal securities
Corpomle bonds
114.0
1086.9
107.1
114.0
1154.5
117.8
113.9
1229.7
139.2
108.8
1253.0
157.4
96.3
1326.3
174.2
91.0
1341.S
181.7
87.9
1359.4
173.0
82.7
1376.4
156.4
78.8
1398.8
168.7
73.4
1418.7
179.3
70.4
1440.2
18
19
20
Bank Joana n.e.c.
677.2
519.1
1201.8
660.8
518.9
1165.3
657.4
493.S
1172.6
719.8
806.2
568.2
1211.6
818.6
576.8
1219.0
835.0
584.3
1268.1
863.3
591.6
1271.9
876.S
590.4
1287.9
907.6
1178.3
1296.2
932.9
594.1
1317.S
21
22
23
722.1
65.8
1805.6
762.6
73.7
2015.6
797.6
76.4
2201.7
883.3
79.S
2229.3
965.3
79.6
2347.8
955.3
84.3
2408.7
985.9
80.4
2400.1
979.0
82.1
2444.9
1027.4
81.S
2468.4
1012.8
83.4
2514.5
1031.8
75.0
2557.S
24
25
26
Other Joana and advanoes
Mortpse1
Tmde payables
Taxeo payable
Milcellanooua liabilities
530.1
( 1) Combined 111111ement for nonfa,m nonfiDBncial a,rporale business, nonfa,m nonoorporate busineu, and farm buainess.
596.0
66
Zl, September 15, 1997
L.102 Nonfarm Nonfmancial Corporate Business
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
3764.2
3'31.7
42119.0
4567.3
.W,5.5
9176.7
5174.0
5281.8
5385.6
5469.0
5567.3
Foreign deposits
Checkable deposits and cunency
Time and savings deposits
Money mamt fund ares
Security RPs
15.0
182.5
66.8
31.5
1.6
14.3
189.4
51.8
47.3
5.1
12.9
203.(
74.1
44.8
2.5
14.0
221.6
67.5
52.2
2.2
15.0
239.0
65.9
77.0
2.4
17.7
233.3
62.7
79.9
2.4
17.2
245.4
67.8
80.5
4.2
18.2
263.5
74.5
81.8
4.6
25.4
285.9
67.1
84.2
3.8
26.2
284.7
58.4
87.4
3.6
29.5
297.2
53.4
89.1
5.1
2
3
4
5
6
Commercial paper
U.S. govemment securities
14.7
48.5
44.8
59.0
63.0
961.4
14.8
17.0
69.2
45.8
60.0
65.7
988.9
21.1
19.4
67.9
54.7
52.3
77.2
1035.0
29.8
18.8
70.7
56.7
56.4
86.6
1107.0
31.1
19.9
65.0
55.4
61.5
85.1
1200.9
45.7
17.2
63.9
52.4
63.5
76.7
1237.4
49.3
20.5
72.2
55.9
65.0
72.0
1278.2
51.4
23.0
74.3
54.0
67.0
68.5
1300.0
53.4
30.7
76.8
47.8
69.0
77.7
1266.8
58.6
25.8
74.2
48.6
71.0
70.0
1293.0
62.1
27.1
72.9
50.6
73.0
68.0
1327.8
73.1
7
8
9
10
11
12
13
2260.5
578.0
149.5
1.8
16.2
1515.0
2355.8
580.0
163.0
1.9
17.3
1593.7
2615.3
598.4
169.7
1.9
17.9
1827.4
2782.6
670.3
177.5
2.0
21.1
1911.8
3037.7
749.9
180.7
2.0
25.8
2079.4
3120.5
774.2
180.7
2.4
25.5
2137.7
3143.4
787.4
180.4
2.8
28.1
2144.7
3199.0
So.!i.8
179.7
3.4
28.9
2181.1
3291.8
815.3
178.8
4.2
30.2
2263.4
3364.1
837.1
177.5
5.1
30.5
2313.9
3400.5
862.2
175.8
6.2
30.7
2325.6
14
15
16
17
18
19
4829.8
5109.7
53118.6
5'27A
6022.0
6120.3
,21u
,284.3
6365.2
6455.6
6556.7
20
2432.6
2470.0
2528.6
2667.5
2875.9
2922.9
3003.6
3038.7
3053.1
3113.8
3165.3
21
98.5
114.0
1086.9
507.7
107.1
114.0
1154.5
488.4
117.8
113.9
1229.7
477.6
139.2
108.8
1253.0
521.0
157.4
96.3
1326.3
583.7
174.2
91.0
1341.5
593.2
181.7
87.9
1359.4
600.8
173.0
82.7
1376.4
622.6
156.4
78.8
1398.8
632.0
168.7
73.4
1418.7
658.7
179.3
70.4
1440.2
673.8
22
23
24
25
410.2
9.7
237.4
7.9
23.3
125.1
6.8
215.3
412.6
6.2
238.4
7.9
20.4
129.9
9.7
193.4
388.4
5.4
224.1
8.(
17.1
114.2
19.5
201.2
422.0
5.1
247.4
8.6
15.0
122.1
23.7
223.5
453.0
6.4
271.4
9.3
14.2
122.1
29.6
259.2
460.0
6.9
273.2
9.5
13.7
126.4
30.2
263.0
467.1
7.2
275.1
9.6
13.1
126.5
35.6
306.6
475.0
8.0
271.3
9.8
13.5
139.5
33.0
308.9
473.5
7.9
278.5
9.9
13.4
126.1
37.7
313.6
478.8
8.1
283.7
10.0
13.5
130.3
33.2
315.5
477.0
8.3
280.5
10.1
14.1
129.9
34.2
324.5
26
27
649.4
33.3
1714.5
487.1
17.3
1210.1
682.8
40.5
1916.4
509.0
18.9
1388.6
719.3
42.5
2098.2
518.7
24.4
1555.1
796.5
44.9
2118.4
551.7
28.2
1538.6
870.3
44.2
2231.6
599.8
32.0
1599.8
858.0
48.7
2290.7
615.9
32.9
1641.9
886.1
44.6
2280.1
643.9
33.9
1602.3
876.8
46.1
2322.8
664.1
34.8
1623.8
922.7
45.3
2344.1
685.3
35.8
1623.0
906.1
47.0
2388.6
725.9
36.7
1626.0
923.0
38.4
2429.9
745.5
37.7
1646.7
34
35
36
37
38
39
Trade l!OCleivablel not of payables
Marut value of equitie1
312.0
3497.0
306.1
3827.9
315.8
4126.0
310.4
4141.8
335.6
5481.1
379.4
5774.3
392.1
5995.3
423.2
6027.8
344.1
6367.4
386.9
6283.4
404.8
7286.1
40
41
43
Securitie1 and IIIOlt8"8es
Loans and llllod·lerm paper
1416.2
1016.4
1461.8
1008.2
1544.8
983.8
1585.3
1082.2
1681.8
1194.1
1695.5
1227.4
1753.9
1249.7
1768.0
1270.7
1791.2
1261.9
1807.6
1306.2
1835.2
1330.2
42
43
44
45
Total llllort·lerm liabilitiel (3)
Total liquid aueta ( 4)
1699.1
420.3
1731.5
461.1
1745.6
509.2
1923.7
534.7
2108.6
585.3
2134.0
578.7
2180.3
615.3
2193.5
647.3
2229.9
680.3
2259.3
670.9
2291.6
697.9
44
45
46
58.2
41.8
59.2
40.8
61.1
38.9
59.4
40.6
58.5
41.5
58.0
42.0
58.4
41.6
58.2
41.8
58.7
41.3
58.1
41.9
58.0
42.0
46
47
AMl,iu:,,l _ ...,.., (/#IUnt)
I..ong-1enn debt/cm<lit mamt debt
Sbort-tmn debt/cndit mamt debt
48
Liquid assetslllllort-lenn liabilities
24.7
26.6
29.2
27.8
27.8
27.1
28.2
29.5
30.5
29.7
30.5
48
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Teulllnmcilll-
Municipal securities
Molt888es
ComumorCffilit
Trade m,eivables
Mutual fund lhares
Milc:ellanooua assets
U.S. direct investment abroad (I)
Insurance receivables
F.quity in GSEs
Investment in fmanoe company subs.
Olbor
TeulllallMlliea
Cledit mamt inllruments
22
23
24
25
Commeteial paper
26
27
28
29
30
31
32
33
Olbor loans and advaDOes
34
35
36
37
38
39
Municipal securities (2)
Corpomle bonds (1)
Bank loans n.e.c.
Savings institutions
FimDOe companies
Fedenl govemment
Acceptance liabilities ID banks
Rest of tho world
ABSiauera
Molt888H
Tmde payables
Taxes payable
Milc:ellanooua liabilities
Foreign din,ct investment in
u.s.
Pension fund oontributions payable
Olbor
28
29
30
31
32
33
Memo:
40
41
42
Antillean fimncial 1uboidiarie1, and U.S. dittct investment abroad cxcludca net inflow, from th:>oc bond i11uo1.
(2) lndmtrial rcw:nuc booda. b1uod by 11a1c and local gow:mmem to finance private invclllm<o and ICClnd in intercat and principal by the indmtrial 111Crofthe fuodJ.
(3) Loom (cxce.. modpgca), llllod-term paper, iaxc1 iayable, and !lllde payalics. Includes loam due in morc than one year and excludes currco im.turitica of bonds and mortgages.
(4) Smn of linoa 2 through 9, plua line 13.
(1) Through 1992:Q4, corpome bondl iDcludc net islUOI by Netherlands
47
67
Z.l, September 15, 1997
L.103 Nonfann Noncorporate Business
Billions of dollars; levels, not seasonally adjusted
1991
Telal llnancial -
Q2
Q3
Q4
--1997-QI
Q2
5'2.4
5'8.8
'°5A
612.1
619.6
624.2
629.5
74.6
79.6
48.7
3.6
87.2
55.2
92.3
63.4
4.0
96.1
69.7
4.1
97.2
70.8
4.1
98.2
71.9
4.2
99.3
73.0
4.3
100.4
74.1
4.3
101.4
74.7
4.4
102.6
75.3
4.4
2
3
4
TreNuey aecwities
Mortsages
ColllUlller credit
12.2
26.0
0.0
Telal llllbillles
1996
QI
557.6
5
13
1995
513.!I
50.9
Tmde ieceivables
Milcellaneous aueta
Insurance receivables
Equity invetlment in GSEs (I)
Other
1994
4'2A
Checkable deposita and cumncy
Timo and aavings deposits
Money marlcet flllld sbmes
8
9
10
11
12
1993
479.1
2
3
4
6
7
1992
3.6
3.9
13.3
23.7
0.0
14.0
23.6
14.4
23.5
0.0
14.5
23.5
0.0
14.6
23.5
0.0
14.8
23.4
0.0
14.9
23.4
0.0
15.0
23.4
0.0
15.2
5
0.0
23.4
0.0
6
7
103.0
227.6
40.8
0.8
186.1
117.0
243.3
46.8
0.9
128.5
256.1
130.5
258.2
132.6
260.5
134.6
262.8
136.7
265.9
138.0
267.3
139.3
269.4
42.4
0.6
172.0
103.8
218.7
39.9
0.6
178.1
51.8
52.5
53.3
54.0
54.8
55.0
55.3
195.6
1.0
203.3
1.0
204.7
1.0
206.2
1.0
207.8
1.7
209.4
1.7
210.6
2.3
211.8
8
9
10
11
12
1313.4
1314.2
1320.0
1337.8
1m.1
13'2.0
1405.4
1415.9
1435.8
1452.I
1473.0
13
96.7
215.0
13.0
25.2
o.o
14
Credit mad<.et inattlm>enll
1130.1
1115.3
1118.5
1120.7
1147.3
1158.3
1167.9
1174.6
1190.7
1204.2
1222.2
14
15
Bank loans n.e.c.
Other loans and advamies
135.0
87.9
907.3
137.7
85.4
892.2
143.0
84.8
890.7
160.2
88.6
871.9
182.7
96.8
867.9
187.8
99.4
871.1
193.3
99.3
875.3
199.1
99.3
876.2
204.1
99.3
887.2
210.7
100.4
893.1
216.5
101.5
904.2
15
16
17
59.7
32.5
91.1
66.6
33.1
99.1
64.1
33.8
103.5
71.6
34.6
110.9
78.8
80.2
35.4
35.6
116.2
118.0
81.7
35.8
120.0
83.1
36.0
122.1
84.6
36.2
124.3
85.7
36.4
125.9
86.7
36.6
127.5
18
19
20
4U
53A
SU
60.2
62.6
63.2
63.!I
64.7
...,
66.l
"-'
16.4
16
17
18
19
20
Mortsages
Trade p,yables
Tua payable
Milcellaneous liabilities
(I) Equity in the Fann Credit Syatem.
L.104 Fann Business (1)
Billions of dollars; levels, not seasonally adjusted
Telala.-11112
Checkable deposita and cumncy
11.8
13.6
15.3
17.0
16.6
16.4
16.3
16.1
16.0
16.2
3
4
Milcellaneous aueta
Insurance receivables
Equity inveatmnl in GSEs (2)
37.8
39.8
37.7
2.1
41.3
39.1
2.2
43.3
41.1
2.2
46.0
43.8
2.2
46.8
44.6
2.1
47.7
45.5
2.2
48.6
46.4
2.1
48.9
47.4
<19.9
50.4
48.4
<19.5
3
4
2.2
1.5
1.5
1.0
5
147.8
148.5
152.1
156.3
1!111.8
157.2
163.1
164.6
165.2
163.7
169.I
6
134.8
135.3
137.9
141.2
142.7
140.0
145.0
145.5
145.1
142.7
147.0
7
34.6
34.7
20.9
79.7
36.8
20.3
80.7
38.7
19.5
83.0
39.7
18.4
84.6
37.6
17.5
85.0
40.9
17.9
86.2
41.5
17.3
86.7
40.4
17.6
87.1
38.3
16.8
87.6
42.6
21.l
79.2
88.8
8
9
10
13.0
13.2
14.2
15.2
16.2
17.2
IS.I
19.1
20.1
21.l
22.1
11
5
6
7
8
9
10
II
Telal llllbillles
Credit mad<.et inattlm>enll
Bank loans n.e.c.
Other loans and advamies
Mortpgea
Tmde payables
(I) Corpoiare and noncorporare fanm.
(2) Equity in th:: Farm C.mt Syarem.
35.6
15.6
2
68
Zl, September 15, 1997
L.105 State and Local Governments (1)
Billions of dollars; levels, not seasonally adjusted
1991
T-llnmclal-
1992
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1991-QI
Q2
1020.S
1034.0
1083.4
1025.8
931.2
'22.6
'22.S
893.0
890.3
ffl.O
886.6
2
3
4
Checkable deposits and cumncy
Time and •VUll!s deposits
Security RPs
24.6
57.2
118.4
26.8
51.3
123.1
28.2
46.3
133.7
YJ.7
52.3
118.6
33.8
62.2
91.7
29.9
67.3
81.6
31..5
66.9
76.7
YJ.2
68.9
80.2
31.4
70.7
89.8
YJ.O
70.6
96.9
32.3
70.0
102.7
2
3
4
5
Credit mamt imttumelllB
750.6
752.3
784.9
729.9
647..5
646.8
649.1
609.9
591.3
563.3
563.7
5
9.0
598.3
435..5
162.7
14.1
593.1
418.2
174.9
17.9
622.8
447.8
175.0
22.3
556.6
370.0
186.6
26.9
461.7
237.9
223.8
27.4
460..5
234.0
226..5
28.0
461..5
210.2
251.2
28.4
420.7
186.7
234.0
29.1
399.4
175.3
224.0
29.7
369.7
155.2
214.5
YJ.4
367.7
147.1
220.6
6
7
8
9
11.6
18.0
113.7
10..5
20.9
113.7
9..5
26..5
108.3
8.6
31.9
110..5
8.1
37.0
113.8
8.1
36.6
114.3
8.0
36.8
114.9
8.0
36.9
115.9
7.9
37.2
117.6
7.9
37.7
118.3
7.9
38.3
119..5
10
7.8
14.9
9.3
21.3
10.6
29.1
12.2
35.0
12.7
35.8
13.0
36.0
13.1
36..5
13.6
37.0
13.8
37.6
14.3
38.2
13
14
6
7
8
9
10
II
12
Open mamt paper
U.S. govemment securities
Treasu,y
ABency
Municipal securities
Corpomte and fonoign bonds
Mortgages
II
12
13
14
Corpomte equities
Mutual fund sbanos
6.3
9.4
15
16
Taxes receivable
Miacellaneoua assets
37.0
17.0
38.9
19.0
39.1
20..5
34.0
20..5
27.9
20.9
27.3
21.3
27..5
21.8
27.2
27.1
26.1
YJ.3
25.9
38.9
26..5
38.8
15
16
1103.8
1127.3
1190.2
1144.4
1103.7
1104.1
Telal llallllllla
1112.4
1100.0
1118.o
112U
1144.8
17
18
Credit mamt imttuments
1078.4
1099..5
1161.8
1115.4
1072..5
1073.1
1080.6
1068.0
1085.1
1093.0
1111.3
18
19
20
21
22
Municipal securities
Sbort-lmn
Other
U.S. govemment loans
1068.4
33.1
1035.3
10.0
1089.7
32.0
1057.6
9.9
1152.6
33.8
1118.7
9.2
1107.2
31.7
1075.6
8.2
1065.8
32.9
1032.9
6.7
1066.9
33.2
1033.7
6.2
1074.8
YJ.9
1043.9
5.8
1062.6
34.1
1028.6
5.3
1080.3
37.9
1042.4
4.8
1088.7
39.0
1049.7
4.3
1107.6
36.4
1071.2
3.7
19
20
21
22
25.4
27.7
28.4
29.0
31.2
31.0
31.8
32.0
32.8
33.4
33..5
23
501.3
471.1
,r,3.7
44U
42'.3
452.2
45U
442.5
421.1
427.4
437.4
39.1
50.9
40.2
52.2
0.8
41.4
27.8
0.7
53.8
22.2
0.9
53.3
24.2
1.0
52.9
42.8
4.3
45.1
47..5
3.3
44.9
38.3
38.3
40.0
2
3
17
23
Tmde payables
(I) Dela for employee nommentfundsare sbownin 1able L120.
L.106 Federal Government
Billions of dollars; levels, not seasonally adjusted
1
2
3
4
5
6
7
8
9
10
II
12
Telal.....WGold. SDRa. and official foreign excbaDj!e
Checkable deposits and cumncy
nme and •vin@• deposits
1.6
38.8
31.7
0.9
2.4
2.4
38.9
57.8
3.3
Credit mamt imttumelllB
248.0
237..5
234.7
212.0
191.6
186.6
183.0
176.8
170.7
166.0
162.8
5
0.0
98.3
149.8
0.0
87.9
149.7
0.0
87.7
!<16.9
0.0
75.3
136.8
0.0
62.7
129.0
0.0
60.3
126.2
0.0
59.2
123.9
0.0
56..5
120.3
0.0
54.1
116.7
0.0
51.3
114.7
0.0
50.3
112.5
6
7
8
40.4
16.4
104.9
33.3
15..5
120.3
YJ.7
18.9
116.2
26.6
18.6
119.5
26.4
17.3
117.1
28..5
43.0
115.6
29.4
24.8
114.7
31.9
23.0
114.9
33.4
20.7
110.6
36.4
36.6
107.7
38.9
29.9
105.9
9
10
II
3184.S
3511.7
3799.1
3'84.0
4152.7
4242.o
423U
4289.4
4345.6
4Yn.7
4330.6
12
10.0
16.3
8.0
16..5
8.0
17.0
8.0
17.6
10.2
18.2
10.2
18.2
10.2
18.2
9.7
18.8
9.7
18.2
9.2
18.3
9.2
18.3
13
14
2776.4
YJS0.3
3336..5
3~.3
3636.7
3717.2
3693.8
3733.1
3781.8
3829.8
3760.6
15
138.1
2619.7
18.6
0.0
157.3
2904.3
18.8
0.0
171.9
3138.0
26.6
0.0
179.9
3285.6
26.7
0.0
185.0
3423..5
28.2
0.0
185.8
3503.7
27.6
0.0
186..5
3479.1
28.2
0.0
186.8
3518.9
27.4
0.0
187.0
3568.1
26.6
0.0
186.5
3617.0
26.3
0.0
186.3
3547.9
26.3
0.0
16
17
18
19
85.8
289.1
7.0
83.1
316.8
6.9
86.1
344.7
6.8
86..5
372.7
6.8
92.2
388.7
6.7
93.3
396.6
6.6
94.9
407.3
7.3
96.8
423.9
7.2
95.8
432.8
7.3
97.2
426.6
6.6
99.7
436.1
6.7
20
21
22
ABency securities
Mortgagea
Other loans and advances
Tnlde reoeivablea
Taxes receivable
MiJcellaneoua auets
Telal ....illel
13
14
SDR certificates
Tnouury currency
15
Credit mamt imttuments
16
17
18
19
20
21
22
SaVU111• bonds
Other Tl<Boury securities
Budget agency securities
Multifamily nosidential mortgages
Tmde payables
Insunmce and pension reserves
Miacellaneoua liabilities
4
69
Z.I, September 15, 1997
L.107 Rest of the World
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
Total ........i l i l -
2162.6
2336.2
2704.8
2'04-'
Q2
Q3
Q4
--1997-QI
Q2
~.,
3'43.3
3745-'
3912.S
4150-'
4285.4
4337.8
1
209.4
213.3
52.4
72.5
196.3
221.8
50.7
76.4
173.7
227.4
57.8
76.5
176.3
236.7
56.0
70.9
149.3
241.2
58.4
83.9
143.6
247.8
60.1
83.2
2
3
4
5
2
3
4
5
Net intemank auets
U.S. cbockable deposits and currency
U.S. time deposits
Security RPs
36.6
144.7
49.0
20.9
79.9
159.6
47.9
41.7
125.4
178.2
54.7
58.6
218.2
203.5
56.3
46.6
229.3
216.8
49.6
67.6
6
Credit mamt inslruments
928.8
1023.0
1147.8
1254.8
1563.1
1656.5
1722.0
1844.6
1953.5
2050.7
2125.8
6
11.3
559.0
315.9
307.1
8.8
12.9
628.7
335.7
323.0
12.7
18.8
741.5
388.3
371.2
17.1
24.9
796.5
415.0
393.4
21.6
43.4
1028.1
498.9
471.5
27.4
31.0
1111.1
554.6
527.1
27.5
42.3
1146.3
552.4
523.7
28.7
47.5
1228.6
579.1
549.2
29.9
54.5
1325.1
610.2
579.0
31.2
46.9
1404.3
634.1
602.2
31.9
54.3
1452.1
626.3
593.8
32.5
7
8
9
10
II
243.1
189.5
53.6
293.0
225.1
67.9
353.1
253.9
99.2
381.5
266.7
114.8
529.2
389.4
139.8
556.6
402.4
154.2
593.9
434.0
159.8
649.4
477.4
172.0
714.9
530.6
184.3
no.1
578.4
191.8
825.8
624.3
201.4
12
13
14
233.4
125.1
251.5
129.9
273.3
114.2
311.4
122.1
369.5
122.1
388.0
126.4
406.9
126.5
429.0
139.5
447.7
126.1
469.3
130.3
489.5
129.9
15
16
299.0
42.3
0.0
329.2
44.7
0.0
373.5
47.5
0.0
368.9
50.6
0.0
SOll.O
51.2
0.0
544.2
52.1
0.0
565.1
52.1
0.0
576.7
55.2
0.0
623.0
57.5
0.0
639.5
59.4
0.0
764.6
61.7
0.0
17
18
19
641.4
491.9
14'.l.5
610.2
500.5
109.6
719.0
550.9
168.1
706.1
585.0
121.1
779.3
654.5
124.8
842.8
670.2
172.6
861.4
688.1
173.3
900.6
714.6
186.0
9n.t
729.1
248.0
1002.9
759.4
243.5
&50.9
788.8
62.2
20
21
22
1317-'
"'8.0
1$74.2
1702.3
1'4Cl.3
2051.8
2043.0
2081.S
21t3.3
2322.2
2233.6
23
7
8
9
10
II
12
13
14
15
16
Open madcet paper
U.S. govemment oecurities
Official holdings
Treasu,y
Agency
Private holdings
Treasury
Agency
U.S. corpomte bonda (I)
Loans ID U.S. corpomte busineu
17
18
19
U.S. corpomllo equities
Tlade meceivables
20
21
22
Milcellanoou, - I I
Fomgn mrect investment in u.s. (2)
23
Security Cffllit
Otber
T.... llllllllllea
U.S. official foreign excbonge
and net IMF position
24
25
U.S. private depo1its
55.4
273.5
51.8
267.7
53.4
271.8
53.2
324.6
63.7
359.2
62.1
384.4
61.4
385.2
54.3
415.1
53.7
438.1
46.3
485.2
46.7
505.0
24
25
26
Credit 11111Ut inslruments
300.7
315.1
385.7
370.6
441.7
452.7
461.5
489.1
511.8
516.4
528.8
26
81.8
130.4
n.1
147.2
68.7
230.1
41.4
242.3
55.0
291.9
51.5
303.8
53.4
306.7
64.8
321.7
65.8
341.3
67.9
344.1
69.8
351.5
27
28
21.6
2.4
6.9
12.3
55.0
12.0
23.9
3.3
7.6
13.0
55.1
11.3
24.6
2.4
8.8
13.5
54.1
8.2
26.1
2.2
8.8
15.2
52.9
7.9
34.6
2.6
10.9
21.1
52.1
8.2
36.8
2.2
12.2
22.4
51.7
8.9
40.5
3.3
13.1
24.1
52.0
9.0
41.7
3.2
12.7
25.8
51.4
9.5
43.7
2.9
14.3
26.5
51.0
9.9
43.5
2.0
13.7
27.8
50.6
10.3
46.2
2.0
13.5
30.7
50.5
10.8
29
30
31
32
33
34
30.4
0.0
31.8
0.0
35.9
0.0
39.5
0.0
45.3
0.0
42.5
0.0
41.2
0.0
40.8
0.0
43.0
0.0
44.2
0.0
44.3
0.0
35
36
727.8
22.4
1.8
655.4
48.2
731.7
23.8
1.8
668.0
38.1
827.5
25.0
1.9
714.8
85.8
914.4
26.4
2.1
797.8
88.1
1030.3
27.9
1.9
884.3
116.2
1110.1
28.3
2.1
908.5
171.1
1093.7
28.7
1.8
933.6
129.6
1082.1
29.1
1.7
945.8
105.4
1146.8
29.7
1.8
970.8
144.5
1230.1
30.1
1.8
999.6
198.6
1108.9
30.5
1.8
1030.6
46.0
37
38
39
40
41
279.0
314.3
543.9
586.6
699.1
741.0
785.5
832.6
875.5
901.2
1059.5
42
27
28
Commercial paper
Bonds
29
30
31
32
33
34
Bank loans n.e.c.
Official
Banks
Otber
U.S. govemment loans
Acceptance liabilities ID banks
35
36
Tolde payables
Security debt
37
38
39
40
41
Milcellanooua liabilities
u.s. equity in mRo, e1e.
U.S. govemment deposits
U.S. direct inve11ment abroad (1,2)
Otber
Memo:
42
Marl<et value of foirign equities
bold by U.S. residenta (3)
bonds incl..te net illUOI by Netherlands Antillean liumcial 1ublidiariel; U.S. diJeCI inw:1tmem alroad e>cludes net inflows from those bond illueL
(2) DiJ<d in""'tmem ii valuod on a CUl!ed-<X>lt basil.
(3) Includes Amoriam Deposiwy Receipts (ADRI).
(I) Through 1992:Q4, corpoiate
70
Zl, September 15, 1997
L.108 Monetary Authority (1)
Billions of dollars; levels, not seasonally adjusted
1991
Tetal llmnclal -
1992
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
3'4.6
381.7
423.8
452.1
471.8
45'1.7
469.1
471.8
4'5.0
485.7
507.4
2
3
4
Gold and fon,ign exchmge
SDRcertificn,s
Treasury cum,ncy
38.6
10.0
21.0
32.5
8.0
21.5
33.3
8.0
22.1
33.0
8.0
23.0
32.1
10.2
24.0
30.9
10.2
24.3
30.5
10.2
24.5
30.4
9.7
24.8
30.2
9.7
25.0
28.9
9.2
25.2
28.9
9.2
25.4
2
3
4
5
6
7
Fedenl Reoerve float
Fed. Res. loans to dcmeatic banks
Security RPs
0.7
0.2
15.9
3.3
0.7
8.1
0.9
0.1
13.2
-0.7
0.2
10.6
0.1
0.1
13.9
0.0
0.0
4.9
-0.2
0.6
7.1
0.6
1.7
8.4
4.3
0.1
21.6
-0.5
4.0
11.6
0.5
1.9
16.6
5
6
7
8
Credit muut illllruments
272.5
300.4
336.7
368.2
380.8
379.6
386.3
386.2
393.1
397.1
412.4
8
0.0
272.5
266.5
6.0
0.0
0.0
300.4
295.0
5.4
0.0
0.0
336.7
332.0
4.6
0.0
0.0
368.2
364.5
3.6
0.0
0.0
380.8
378.2
2.6
0.0
0.0
379.6
377.1
2.5
0.0
0.0
386.3
383.9
2.4
0.0
0.0
386.2
383.9
2.3
0.0
0.0
393.1
390.9
2.2
0.0
0.0
397.1
395.1
2.0
0.0
0.0
412.4
410.9
1.5
0.0
9
10
5.6
7.4
9.6
9.8
10.7
9.7
10.1
10.0
11.0
14
3'2.0
m.1
420.4
448.4
«.7~
455.2
«.4.3
«.7.1
490.S
....
12.5
sou
IS
9
Accepram,es
11
U.S. government oecurities
Treasuey
12
13
Bank loans n.e.c.
10
14
15
Agency
Milcellamous &118ets
Tetal lialJlllla
10.3
11
12
13
16
17
Depooitoty inslitulion IIOllel'VCS
Vault cash of commen:ial banks
29.4
33.6
32.1
31.9
35.0
32.7
30.8
38.1
29.6
40.6
24.7
34.4
24.6
35.7
21.0
38.2
24.5
45.2
21.8
37.1
23.2
38.4
16
17
18
19
20
21
Checkable depolits and currency
Due to fedeml savcmment
Due to rest of the world
Cumency outside banks
293.5
18.3
1.0
274.2
311.1
8.0
0.2
302.8
348.2
15.2
0.4
332.6
373.5
7.5
0.3
365.7
390.5
6.2
0.5
383.7
389.6
7.3
0.4
381.9
397.5
8.0
0.4
389.1
400.7
8.0
0.5
392.2
413.9
8.0
0.5
405.5
414.9
6.3
1.3
407.4
432.5
16.7
0.6
415.2
18
19
20
21
22
23
24
Milcellamous liabilities
Fedenl Reserve Bank stock
5.5
2.7
2.8
3.7
3.1
0.6
4.6
3.4
1.2
6.0
3.7
2.3
7.2
4.0
3.3
6.5
4.0
2.5
6.6
4.1
2.4
7.2
4.5
2.7
6.9
4.6
2.3
6.4
4.8
1.7
7.8
5.1
2.7
22
23
24
Other
(1) AIICll and liabilitie1 of Fedenl Resetve Banks and TIIOlau,y mone1111y accounts that supply or absorb bank IIOllel'Vet. Excludes the accounts of the Fedeml Reserve Boani
71
Z.l, September 15, 1997
L.109 Commercial Banking (1)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
1
Totalllnancilll-
2
3
4
Vault cash
Reserv.. at Fedeml Reserve
Checkable deposits and currency
5
Total bmk credit
6
7
8
U.S. sovemment aecurities
Treaslll)'
Asency
9
10
Municipal aecurities
Corpomlle and foll!i8J1 bonds
11
12
13
14
15
16
Total loans
17
18
Corpomlle equities
Mutual fund Illa""
19
20
21
22
23
24
25
26
27
28
29
Open market paper
Bank loans n.e.c.
Mofl888e•
Consumer credit
Security credit
CUR>mers· liab. on ac:c:eptances (2)
Milc:ellaneoua auets
Total lalllllllea
Net inledlenk liabilities
To mone1111y alllbority
To domellic banks (3)
To fon,isJ, banks
Checkable deposits
Fedenl scvemment
Restoftbe world
Private domestic
S-U time and saving• deposits
30
31
32
urse time deposits
33
Cll!dit a.dret instruments
34
35
36
37
38
Fedenl funds and aecurity RPs (net)
Open market paper
Corpomlle bonds
Other loans and advances
Taxes payable
Milcellaneoua liabilities
Q2
Q3
Q4
--1997-QI
Q2
341.U
3629.5
Yf75.9
4150.1
4487.6
4503.9
4564.8
4605.4
4704.2
4792.6
4'46.0
33.6
26.5
1.8
31.9
29.0
1.3
32.7
31.5
1.0
38.1
28.0
1.4
40.6
26.9
1.6
34.4
22.0
1.4
35.7
22.1
1.5
38.2
18.7
1.4
45.2
22.3
1.4
37.1
19.7
1.4
38.4
21.1
1.3
2
3
4
2872.3
3011.8
3174.4
3331.2
3604.6
3623.5
3668.7
3714.2
3794.8
3873.0
3967.5
5
568.2
232.5
335.7
672.9
294.4
378.5
745.4
322.2
423.2
719.1
290.4
428.7
746.1
278.7
467.5
755.3
284.0
471.3
753.9
280.2
473.7
750.8
275.0
475.9
757.3
261.6
495.7
792.7
282.4
510.3
789.5
265.7
523.9
6
7
103.2
96.3
97.5
94.7
99.2
98.2
97.6
102.5
93.4
110.9
93.0
109.7
92.7
110.4
92.7
110.7
94.2
112.3
94.0
119.0
94.3
122.7
9
10
2097.0
10.6
785.9
881.3
372.4
46.8
2139.8
9.2
776.6
900.5
365.5
88.0
2223.5
7.3
768.0
947.8
399.7
100.7
2407.1
5.8
830.8
1012.7
462.9
94.9
2646.9
5.7
943.8
1090.2
507.8
99.5
2657.8
6.1
959.7
1097.4
497.7
96.8
2703.7
4.9
991.4
1109.8
505.7
91.9
2751.7
4.4
1021.3
1123.2
517.1
85.7
2821.5
6.5
1039.5
1145.3
529.4
100.8
2857.9
3.2
1076.9
1159.2
511.5
107.0
2950.7
3.1
1118.9
1196.3
517.0
115.3
11
12
13
14
15
16
3.8
3.7
3.4
3.4
4.3
3.9
2.9
2.0
5.0
2.3
5.2
2.5
5.6
2.3
6.1
2.2
6.8
2.6
2.3
7.1
1.9
8.3
17
18
35.3
444.9
31.7
523.9
25.3
611.1
22.9
728.4
22.3
791.6
22.6
800.0
22.1
814.9
23.1
809.7
23.4
817.2
23.9
837.5
24.9
892.8
19
20
3363.3
3532.8
37!0.3
4049.0
4333.2
4329.2
<MOS.8
4439.2
454U
4638.2
47'5.3
21
33.4
0.9
36.6
74.5
3.9
-9.3
79.9
121.7
1.0
.4.7
125.4
211.2
-0.5
-6.5
218.2
220.5
0.2
-9.0
229.3
206.8
0.1
-2.6
209.4
188.8
0.4
-8.0
196.3
164.4
2.3
-11.6
173.7
170.0
4.4
-10.6
176.3
151.2
3.5
-1.7
149.3
137.8
2.4
-8.3
143.6
22
23
24
25
621.6
36.4
19.4
565.7
714.3
30.6
21.7
662.1
788.4
42.6
21.3
724.5
756.7
23.8
23.2
709.8
710.8
19.0
24.0
667.8
659.3
16.8
23.1
619.4
673.2
31.4
27.1
614.8
672.3
37.8
25.1
609.4
676.2
28.7
26.6
620.9
642.7
24.0
26.9
591.8
661.1
34.2
29.3
597.6
26
27
28
29
1386.5
399.6
229.6
1389.3
332.8
272.0
1377.4
311.7
313.5
1376.3
333.0
391.7
1490.1
387.8
422.2
1548.6
402.4
428.3
1557.8
420.1
450.1
1575.1
458.8
451.6
1613.0
492.9
463.3
1666.1
504.7
480.3
1683.8
543.1
506.9
30
31
32
184.6
194.6
208.0
228.1
250.6
241.8
252.0
255.8
262.3
266.2
286.9
33
62.1
113.2
9.3
54.4
127.6
12.5
51.9
134.9
21.2
55.0
142.6
30.5
52.8
161.1
36.7
53.4
155.9
32.4
56.7
161.6
33.8
56.5
164.2
35.1
55.7
168.9
37.7
56.1
171.9
38.2
59.8
181.5
45.7
35
36
0.5
507.6
0.7
554.6
1.2
628.4
1.9
750.1
2.8
848.4
3.1
838.8
3.4
860.4
3.7
857.6
4.0
864.5
4.3
922.8
4.7
941.1
37
38
2853.3
2948.6
3090.8
3254.3
3520.1
3541.6
3590.8
3643.3
3707.9
3780.5
3866.8
39
-4.2
8
34
Memo:
39
Cll!dit a.dret funda advanced (4)
bulb, foreign bonkingofficel in U.S., bank ho~ co.,.,..,;u, and bonb in U.S.-elf"lliatcdareas. !BF, are excluded from domestic banking and tmuedthe
same u bnnchea in foreign co\&Iiu.
(2) Jn,Juded in other loans and advances (tsble L216).
(3) Flom and diJcrq:uciu in interbank tnmactiom.
(4) Tocal bank credit (lino S) leu security aodit (lino 16) leu corponte equities (lino 17) leu mdUOI fund shores (lino 18) plus c ..tomen" liability onoccepw,cea (lino 19).
(I) U.S.-clJartemlcommeroial
72
Zl, September 15, 1997
L.110 U.S.-Chartered Commercial Banks
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
T.... llnanclal2
Vault cash and n,serves at Federal Reserve
3
Total bank credit
4
5
6
7
U.S. sovemment aecuritiea
8
Agency-isaued CMOs
Other asency oecurities
9
to
11
12
13
14
Treaaury
Agency
Molt888e pool oecuri1ies
Municipal aecurities
Co,porate and fon,isn bonds
Private mongase pool aecurities
Privately isaued CMOa
Olherbonds
15
16
17
18
19
20
Total loans
Open mamt piper
Bank loans n.e.c.
Mor1888e1
Consumer credit
Security Cffllit
21
22
Corpomte equities
MU!Ual fund sllln,s
23
24
25
Customers' liab. onacx:epamces (I)
Miacellanoous asae11
Tetalllall8lllea
26
27
28
29
30
Net intediank liabilities
Fedenl Retetve float
31
32
33
34
Cbockable clepolill
Fedenl sovemment
35
Small time and tavins• depolill
36
Large time deposits
Fedenl funds and aecurity RPs (net)
37
38
39
40
41
42
43
44
Borrowins from Federal Reoeive t.nks
To domestic t.nks
To fon,isn t.nks
Rest of tho wolld
Private domestic
A.cceptame liabilities
Corpomte bonds
Other loans and advames
Taus p,yable
Miacellaneous liabilities
Investment by t.nk holding companies
Other
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
2649.5
2749.8
2'16.5
3113.2
3315.5
3316.2
3352.J
3383.9
3439.5
3494.8
3S12.9
59.2
60.2
63.2
65.2
66.6
56.0
57.2
56.3
66.3
56.2
58.5
2
2527.4
2623.5
2780.9
2921.4
3116.3
3126.7
3155.1
3186.6
3231.5
3283.0
3362.7
3
626.2
180.2
446.0
223.9
92.4
129.7
627.7
172.4
4.55.3
228.4
93.2
133.7
4
5
6
7
8
9
529.0
207.8
321.2
153.7
89.4
78.1
102.7
69.7
3.5
28.2
38.0
96.S
629.1
207.6
421.5
195.1
101.0
125.3
631.9
208.4
423.4
204.7
97.3
121.4
624.8
200.1
424.7
209.5
90.9
124.2
618.8
195.2
423.6
208.0
89.8
125.8
6(1}.7
173.0
436.7
216.6
89.5
130.7
98.9
66.6
4.7
19.8
42.1
97.0
66.0
3.6
21.5
40.9
92.7
69.3
4.5
24.9
39.8
92.2
69.4
4.4
25.9
39.1
91.9
68.7
4.2
25.4
39.0
92.1
66.3
4.4
22.2
39.7
93.7
64.8
4.2
21.8
38.9
93.5
67.5
3.5
21.4
42.6
93.9
70.0
3.4
20.6
46.0
10
II
12
13
14
2317.9
3.9
695.8
1045.4
507.8
65.1
2325.6
4.1
706.5
1054.2
'97.7
63.0
2361.7
3.4
725.9
1067.3
505.7
59.4
2401.1
3.0
742.9
1080.7
517.1
57.4
24.53.9
4.2
757.1
1102.9
529.4
60.2
2486.4
2.7
787.4
1118.9
2560.9
2.6
820.2
1158.0
511.S
511.0
65.9
63.0
15
16
17
18
19
20
614.5
254.3
360.1
155.5
122.7
81.9
671.3
275.0
396.3
173.2
133.8
89.3
646.1
248.0
398.1
182.2
119.4
97.0
66.6
3.8
21.6
41.1
1818.4
7.5
586.7
821.8
372.4
30.0
1838.6
5.9
567.0
842.9
365.5
57.3
1935.9
4.9
574.4
895.5
399.7
61.4
2107.4
3.6
620.4
963.7
462.9
3.8
3.7
3.4
3.4
4.3
3.9
2.9
2.0
5.0
5.2
5.6
2.3
2.5
2.3
6.1
2.2
6.8
2.6
2.3
7.1
1.9
8.3
21
22
12.6
50.4
12.6
53.6
10.1
62.2
9.9
116.7
12.3
120.3
12.8
120.8
13.5
126.6
14.5
126.6
13.9
127.7
14.5
141.1
15.0
136.7
23
24
2777.7
2162.2
3036.J
3271.5
34S7Ji
3439.7
3!02.1
JQ.9.7
391.7
361.7
371U
25
-41.1
0.7
0.2
-47.9
·48.8
3.3
0.7
·33.6
·19.2
-19.4
0.9
0.1
·19.9
--0.5
60.S
54.4
--0.7
0.2
-13.3
74.3
0.1
0.1
-20.0
74.1
20.8
0.0
0.0
·39.9
60.6
12.1
--0.2
0.6
-38.5
SO.I
-8.0
0.6
1.7
-7.7
--0.5
4.0
·43.8
32.7
·23.6
0.5
1.9
.44.2
33.9
0.4
4.3
0.1
·41.8
37.8
19.8
26
27
28
29
30
773.9
42.6
15.6
715.7
741.7
23.8
17.1
700.9
695.8
19.0
18.0
658.7
644.5
556.9
700.2
30.6
15.8
653.8
16.8
17.5
610.1
658.0
31.4
20.8
605.9
657.8
37.8
19.6
600.4
661.4
28.7
21.3
611.4
627.8
24.0
21.6
582.1
64.5.4
34.2
23.4
587.8
31
32
33
34
1367.5
292.3
192.6
1369.6
216.1
234.2
1358.7
196.1
279.6
1358.0
214.0
351.3
1471.3
256.5
379.6
1529.9
266.6
387.2
1539.4
279.2
397.1
1557.0
296.5
404.9
1594.1
306.1
408.3
1636.6
314.3
421.3
1657.5
329.0
441.7
35
12.9
25.2
9.3
0.5
12.8
33.5
12.5
0.7
10.2
37.1
21.2
1.2
10.0
40.6
30.5
1.9
12.3
43.3
36.7
2.8
12.8
4.5.1
32.4
3.1
13.4
47.6
33.8
3.4
14.4
48.3
35.1
3.7
14.0
37.7
4.0
14.5
52.1
38.2
4.3
IS.I
54.1
45.7
4.7
41
311.2
227.2
84.0
331.3
158.9
505.0
344.3
160.7
'97.2
348.4
148.7
518.1
361.9
156.2
520.1
365.3
76.3
377.6
286.6
91.0
463.0
255.0
154.9
521.9
372.9
149.0
556.3
387.1
169.2
549.7
399.4
150.4
42
43
44
2502.5
2571.9
2721.5
2869.6
3056.1
3068.8
3101.3
3135.3
3175.8
3222.2
3304.5
45
5.9
607.4
36.4
14.1
56.8
304.2
50.9
-4.5.8
36
37
38
39
40
Memo:
45
Cmlit madcet funds advanced (2)
(I) Included in otbor loans and advam,ea (table L216).
(2) Total bank credit (line 3) leas oecurity a-edit (line 20) leas oozporate equities (line 21) leas mttuol fund ,buu (line 22) Jllm cmromen· liability on acceptances (line 23).
,.
73
Z.I, September 15, 1997
L.111 Foreign Banking Offices in U.S. (1)
Billions of dollars; levels, not seasonally adjusted
1991
Tetalllnmdal2
Reserves at Federal Reserve
3
Total bank credit
U.S. govemment aecurilies
4
5
6
7
8
Agency
Municipal securities
Corpomte and foreign bonds
9
Total Joana
JO
II
12
13
14
15
16
17
Treasury
Open Dl81Vt p,per
Bank loans n.e.c.
Mortgages
Security credit
Corpom1e equities
Cus11>mors· liab. on accepeances (2)
MilcellaDeous assets
Tetal llabllllhe
1992
1993
1994
1995
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
431.5
50"3
542.2
!!119.7
"6.3
674.3
'81.9
'86.2
713.8
732.l
765.9
0.9
0.7
1.0
1.0
0.8
0.5
0.6
0.6
I.I
0.7
1.0
2
313.4
347.4
350.2
362.3
436.9
446.2
461.1
473.8
507.0
531.2
544.2
3
32.0
20.8
11.2
0.0
21.4
43.7
29.6
14.1
0.0
22.4
57.6
36.1
21.5
0.0
23.8
55.7
32.7
23.0
0.0
28.9
99.6
62.3
37.3
0.0
33.5
106.9
67.8
39.1
0.0
32.6
112.5
72.0
40.5
0.0
32.8
115.2
71.9
43.4
0.0
34.9
130.4
80.7
41.l.7
0.0
36.6
148.7
94.0
54.7
0.0
38.8
143.2
85.8
57.5
0.0
38.6
4
5
6
7
8
260.0
3.1
185.8
54.3
16.8
281.3
3.3
195.7
51.6
30.7
268.8
2.4
182.0
45.1
39.3
277.7
2.2
197.2
40.3
38.1
303.9
1.7
232.6
35.1
34.4
306.6
2.0
237.7
33.2
33.8
315.7
1.5
241.l.4
32.3
32.6
323.7
1.4
261.8
32.2
28.3
339.9
2.3
264.8
32.2
40.6
343.7
0.5
271.2
30.8
41.1
362.3
0.5
281.2
28.3
52.3
II
12
13
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
o.o
14
22.7
100.5
19.1
142.1
15.1
175.9
13.0
213.5
10.1
218.5
9.8
217.9
8.6
211.6
9.4
196.3
9.4
190.8
9.9
210.9
15
16
........
519.3
553.7
602.8
'81.3
689.8
.,.,.,
8.6
203.1
702.7
730.9
Ull.1
714.2
17
88.9
41.1
47.8
134.3
103.5
30.8
151.2
132.7
18.5
162.4
158.5
3.9
181.0
173.6
7.5
190.9
168.3
22.6
180.3
162.8
17.5
177.7
157.8
19.8
177.5
161.1
16.5
165.2
133.9
31.3
1411.8
123.3
26.6
18
19
20
9
JO
18
19
20
Net inlelbank liabilitiea
21
22
23
Cbecbble deposits
Small limo and saving, deposits
Large limo deposits
8.9
11.0
99.3
8.3
11.2
108.2
8.3
10.4
107.4
8.8
9.3
110.0
8.7
8.5
121.0
8.6
8.3
125.4
8.7
7.7
130.2
8.0
7.6
151.8
8.0
8.7
176.6
8.0
19.6
180.5
8.9
16.8
204.6
21
22
23
24
25
Fedeml fund& and security RP• (net)
38.4
24.9
39.0
21.2
34.7
16.0
41.4
13.4
43.2
10.4
41.5
10.0
53.4
8.8
46.9
8.9
55.1
9.6
59.0
9.8
65.3
10.3
24
25
26
27
28
29
MilcellaDeous liabilities
175.0
24.9
30.3
119.9
197.1
21.2
21.5
154.4
225.7
24.0
23.8
1n.8
257.6
26.3
37.0
194.4
308.5
32.9
40.0
235.6
305.1
33.7
41.0
230.4
308.9
31.2
40.4
237.4
301.9
32.0
41.0
228.9
295.3
30.9
41.1
223.3
307.7
31.7
42.8
233.2
328.5
32.5
251.6
26
27
28
29
319.2
335.8
326.0
337.1
412.6
422.2
437.1
454.2
475.8
499.5
501.8
30
To foreisn banks
To domollic banks
Acceptance liabilities
Foreisn direct investmmt in U.S.
Due to 11f"tlia1es
Other
44.4
Memo:
30
Credit -mt funda advanced
<3>
(I) Brancbol and agemea offoreip. bonb, &lge Ad and Agree,nem corponlions, New Yorl< inve1tmonr compames (through J996,Q2), and Ameri<an Exp-<11 Bank.
(2) Jtduded in other loam and advances (table L.216).
(3) Total bank Cffllit (lino 3) leu oecurity aeclit (lino 13) lcu co,pcnte equities (lino 14) plua cuatomon • liability on accepcan,es (lino 15).
74
Zl, Scpccmbcr 15, 1997
L.112 Bank Holding Companies
Billions of dollars; levels, not seasonally adjusted
1991
T-llmntlal2
Credit mamt instruments
3
4
U.S. govemment aecurities
Treasury issues
6
7
Corpomte and fo~ign bonds
Bank loans n.e.c.
s
8
9
10
11
12
Investment in nonbank subsidiaries
Other
T- llabllllial
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1997-Qi
Q2
302.3
342JI
387.9
nu
4'6.8
474.2
4'0.9
494.9
510.8
523.2
s,u
11.9
17.5
17.5
18.4
18.0
16.8
18.1
19.3
22.0
22.5
23.8
2
3.4
1.0
2.4
5.1
3.4
8.3
6.1
2.2
5.4
3.7
8.4
5.3
3.1
7.2
1.9
9.4
4.6
4.8
7.1
1.8
8.1
3.4
4.7
7.7
2.3
7.5
2.8
4.7
7.3
1.9
7.6
2.8
4.8
8.5
2.0
8.0
3.3
4.7
9.2
2.1
9.0
4.0
4.9
10.5
2.5
8.1
3.6
4.6
12.3
2.1
8.1
2.9
5.2
13.6
2.0
3
4
290.4
227.2
40.9
22.2
325.2
255.0
43.2
27.0
370.4
286.6
56.3
27.5
395.8
56.4
35.2
448.7
344.3
64.7
39.8
457.4
348.4
68.2
40.8
472.8
361.9
71.0
39.8
475.6
365.3
69.1
41.3
488.9
372.9
64.9
51.1
500.7
387.1
72.8
40.8
540.8
399.4
96.9
44.S
8
9
10
11
114.8
124.A
132.2
143.0
157.1
1'2.4
167.9
168.5
178.3
190.2
220.9
12
-14.3
-4.1
-10.3
-11.0
-6.5
-11.7
2.9
-14.6
-14.9
3.5
-18.5
-4.9
14.6
-19.6
-3.6
13.0
-16.6
-5.3
12.7
-18.0
-7.9
14.7
-22.6
-6.4
10.8
-17.2
11.5
10.9
0.6
13
14
-4.S
-10.0
-3.3
-6.8
-1.4
-1.2
-0.8
-0.9
-0.5
-0.4
-0.4
-0.3
-0.2
0.0
-0.1
16
At,e-a:y
Miscellaneous auets
Investment in bank subsidiaries
1992
304.2
s
6
7
IS
Net intemonk liabilities
To domestic banks
To fo~ign banks
16
Fedenll funds and aecurity RPs (net)
17
18
19
Credit mamt instruments
Commercial paper
Corpomte bonds
112.3
24.3
88.0
114.6
20.4
94.1
123.4
25.6
97.7
133.6
31.6
102.0
148.0
30.1
117.9
141.4
30.6
110.8
148.4
34.4
114.0
149.1
33.2
116.0
150.0
32.0
118.0
151.7
31.8
119.8
161.7
34.4
127.4
17
18
19
20
Miscellaneous liabilities
18.2
22.0
19.6
22.0
24.6
26.3
23.5
24.9
36.3
44.9
47.7
20
7:1.7
2U
33.1
J,.O
JU
JU
40.3
40.1
42.6
42.5
13
14
IS
L.113 Banks in U.S.-Afflliated Areas (1)
Billions of dollars; levels, not seasonally adjusted
T_....._._
2
Cbockable deposits and currency
3
Credit mamt instruments
4
U.S. govemment aecurities
Treasury
6
7
At,enoy
Municipal aecurities
Corpomte and fo~ign bonds
s
8
9
10
11
12
Bank loans n.e.c.
Home mongagea
Commercial mongages
Miacellaneous auets
25.1
1.8
1.3
1.0
1.4
1.6
1.4
1.5
1.4
1.4
1.4
1.3
19.7
23.4
25.8
29.2
33.4
33.9
34.3
34.5
34.4
36.3
36.8
3
3.8
2.8
1.0
0.5
0.1
6.4
4.3
2.1
0.5
0.4
8.1
5.8
2.3
0.2
0.6
7.9
5.1
2.8
0.6
0.5
9.4
5.4
4.0
0.7
0.4
9.0
5.1
4.0
0.7
0.4
9.0
5.3
3.7
0.7
0.3
8.8
4.7
4.2
0.6
0.3
8.2
4.0
4.3
0.5
0.3
9.7
4.6
5.1
0.5
0.4
10.5
4.6
5.9
0.4
0.5
4
6
7
8
10.0
2.0
3.2
10.2
3.0
3.0
9.7
4.1
3.1
11.3
4.8
4.0
13.1
5.7
4.0
13.7
5.8
4.2
14.2
6.1
4.1
14.5
6.4
3.9
15.1
6.3
3.9
16.2
6.1
3.4
15.4
5.7
4.3
9
10
11
3.7
3.0
2.6
2.4
4.0
3.8
3.9
4.4
4.3
4.8
4.4
12
2
s
24.4
2'.9
28.2
31.7
YT.2
YT.3
YT.9
311.4
31.3
40.7
40.9
13
15
16
Cbockable deposits
Small time and savings deposits
urge time deposits
5.2
8.1
8.1
5.8
8.5
8.5
6.1
8.2
8.2
6.2
9.0
9.0
6.4
10.2
10.2
6.2
10.5
10.4
6.5
10.8
10.8
6.5
10.5
10.5
6.9
10.2
10.2
7.0
9.9
9.9
6.9
9.5
9.5
14
15
16
17
Miscellaneous liabilities
3.1
4.2
5.6
7.4
10.3
10.2
9.9
10.7
11.0
13.9
15.1
17
13
14
Tetal llabllllial
(I) Commen:ial banks and bnmches of U.S•..:hartemd commercial banks localed in PuertD Rico, the U.S. Virgin lslanda, American Samoa, G111m, and other U.S.-afl"ilialed insular a~as.
75
Zl, September 15, 1997
L.114 Savings Institutions (1)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1
T...allmncW-
5
Reserves at Fedeml Reserve
Checkable deposits and cumoncy
nme and saving• deposita
Federal funds and aecurity RPs
6
Credit mamt instruments
2
3
4
7
8
9
10
Open marlcet paper
U.S. govemment aecurities
11
12
13
14
15
Municipal aecurities
Corpomle and fon,ign bonds
Otber loam and advames
Mortgages
16
17
18
liaa\11)'
Asency
Comumer credit
Corpomle equitiea
Miloellaneoua •-ts
Te&al llalllilleo
--1991--
1996
QI
Q2
Q3
Q4
QI
Q2
UM.9
1060.4
1020.2
10011.6
1012.11
1017.6
1024.5
1055.7
1031.8
1020.1
1025.2
2.9
12.9
3.4
15.4
3.0
10.6
2.8
13.9
1.3
2.7
15.5
IS.I
3.1
12.4
3.7
14.4
6.5
I.I
11.2
2.7
13.9
1.0
11.2
2.5
13.6
1.0
9.3
2.3
14.3
1.4
9.9
2.3
14.2
1.4
10.0
2.1
13.1
1.4
9.4
2.1
13.4
1.3
9.8
5
1013.2
937.4
914.1
920.8
913.3
921.8
933.0
945.4
933.2
932.4
937.7
6
1.3
170.0
0.3
145.0
0.6
177.0
34.0
143.0
28.2
147.3
0.1
187.0
27.1
159.9
0.2
183.0
18.4
164.6
0.2
182.6
18.8
163.8
0.2
184.5
19.5
165.1
0.2
178.0
17.7
160.3
0.3
173.4
17.4
156.1
0.0
173.1
17.0
156.1
0.0
175.9
16.3
159.6
7
8
9
10
2.4
72.7
19.3
705.4
42.2
2.1
80.0
12.4
628.0
37.4
2.1
89.1
10.8
598.4
37.9
2.0
86.7
10.3
596.2
38.5
2.0
78.5
12.8
596.8
40.1
2.0
79.9
13.9
602.6
40.7
2.0
78.1
14.4
611.7
42.1
2.1
76.3
16.0
628.0
44.9
2.1
68.6
15.7
628.3
44.7
1.9
67.9
16.1
627.6
45.9
2.0
67.2
16.5
629.0
47.0
11
12
13
14
15
10.3
85.5
11.2
78.2
12.5
61.0
10.4
53.0
14.3
54.7
15.9
51.0
16.4
66.0
17.9
52.9
15.4
46.3
12.8
48.0
16
17
11'0.0
U"7-'
1016.1
"8.3
,,S.l
,,..,
16.1
49.1
lOOU
103U
1010.5
"8.3
lOOU
18
937.5
85.3
767.6
84.6
852.8
84.0
692.2
76.7
785.4
88.3
624.0
73.0
733.6
83.0
579.6
71.0
727.9
97.1
550.7
80.1
728.1
103.4
543.0
81.7
720.7
109.0
530.6
81.1
737.2
115.3
533.7
88.1
721.4
122.4
512.6
711.8
136.4
485.1
90.3
19
20
21
22
5.0
25.0
115.5
2
3
4
19
20
21
22
Deposits
Cbockable
Small time and savings
urge time
86.4
718.6
128.9
501.1
88.5
23
Security RPI
19.6
18.6
26.1
44.5
44.5
45.1
50.0
46.5
43.7
45.6
45.9
23
24
Credit mamt instrumema
Corpomle bonds
Bank Joana n.e.c.
Otber loana and advances
95.4
8.6
8.9
77.8
88.4
5.5
8.9
74.0
99.6
3.9
8.4
87.3
112.4
3.1
9.3
100.0
115.0
3.1
14.6
97.4
117.8
2.9
15.2
99.7
128.3
3.1
14.8
110.5
134.9
2.7
14.5
117.7
141.1
2.7
15.9
122.4
137.4
2.6
17.0
117.8
145.9
2.3
16.7
126.9
24
25
1.2
106.4
5.0
101.4
1.4
106.8
4.0
102.8
1.9
103.0
4.4
98.6
1.0
106.7
4.4
102.3
1.6
106.1
1.7
106.3
1.3
105.8
4.6
101.3
1.4
116.9
4.6
112.3
1.4
102.9
4.7
98.2
1.4
95.3
4.8
90.5
1.5
99.0
4.8
94.2
28
29
30
31
26
27
28
29
30
31
Taxes payable
Milcellaneoua liabilities
lnvestmenl by parent
Odlor
(I) Savings and loan auociatio111, mUIUBl savings banb, and fedeml savings banks.
4.5
4.5
101.6
101.8
25
26
27
76
Zl, September 15, 1997
L.115 Credit Unions
Billions of dollars; levels, not seasonally adjusted
1991
T - llnandal-.
2
3
4
Checkable deposill and cum,ncy
TUIIIO and savings deposits
Fecleml funds and security RPs
5
Cledit namt ins1rumen11
6
7
8
9
Open market paper
U.S. govemment securities
Treasuey
>-,,ency
1992
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
293.6
310.7
3233
m.1
326.o
330.1
341.7
347.8
6.5
16.7
6.2
7.4
17.1
6.4
8.0
19.1
10.4
7.6
17.9
7.1
6.8
17.6
2.5
7.5
16.4
1.4
7.9
19.0
8.4
7.7
18.5
4.2
2
3
4
218.7
246.8
263.0
267.0
276.9
282.6
288.5
290.1
296.4
5
3.0
48.6
19.9
28.7
2.2
58.9
22.6
36.3
2.1
62.9
22.1
40.9
0.6
64.1
18.3
45.7
0.3
67.2
19.3
47.9
0.3
69.2
19.1
0.2
68.4
18.2
0.2
68.4
16.9
50.l
50.2
0.3
68.1
17.4
50.7
51.5
0.4
67.4
16.1
51.3
6
7
8
9
56.0
66.5
131.9
68.0
131.5
71.3
136.1
73.1
140.9
76.0
144.1
77.1
144.4
79.9
148.7
10
II
2.9
16.6
2.9
15.3
2.7
13.7
2.6
13.7
2.4
13.9
2.2
18.8
12
13
240.0
264.7
281.7
5.4
26.7
13.2
6.6
27.0
13.5
6.5
25.6
8.5
179.4
197.1
2.6
33.7
14.1
19.6
10
II
Home mortgages
Consumer Cffilit
52.8
90.3
56.1
89.4
101.6
62.1
119.6
12
13
Mutual fund llha,:a
2.6
12.8
4.1
16.5
4.2
18.2
2.6
14.8
2.8
13.9
225.8
247.5
2'0.8
270.3
283.7
2'U
2'U
2'7.0
300.1
311.0
31'.2
14
221.3
20.5
196.5
4.2
242.9
25.1
212.0
5.8
255.5
263.4
28.8
227.3
7.3
278.8
30.9
238.9
9.0
291.2
31.0
250.7
294.3
32.6
251.8
9.5
9.9
291.8
32.5
248.6
10.7
295.1
32.5
251.2
11.4
306.1
32.4
261.5
12.2
311.2
31.7
266.5
13.0
15
16
17
18
0.0
0.0
4.6
0.2
5.1
0.5
0.4
4.5
0.4
4.6
0.3
4.8
0.4
4.8
0.4
4.6
0.4
6.4
4.5
0.4
4.6
19
20
'911.3
62'.6
660.9
670.0
740.0
766.2
713.6
109.1
141.9
8!11.7
,3u
I
46.2
1.0
15.7
29.6
40.6
0.9
10.5
29.2
39.5
41.4
42.6
0.8
9.4
29.3
0.5
0.5
11.0
29.9
10.0
32.0
44.1
0.6
9.7
33.8
46.2
0.6
9.4
36.2
48.6
0.6
9.1
38.9
51.0
0.6
8.9
41.4
53.5
0.7
8.8
44.0
56.0
0.7
8.8
46.6
2
3
4
5
223.5
231.5
240.9
248.0
229.2
228.3
229.4
231.3
233.1
235.2
237.4
6
25.2
73.6
40.9
32.6
22.8
72.0
40.1
31.8
19.5
73.1
40.4
32.7
23.0
72.0
39.8
32.2
23.3
66.7
30.2
23.2
67.0
36.7
30.3
23.1
68.2
37.4
30.7
22.9
69.7
38.4
31.3
22.9
71.2
39.4
31.8
22.9
72.8
40.4
32.4
23.0
74.5
40.3
34.2
7
8
9
10
89.9
30.7
4.0
96.0
36.8
3.9
108.9
35.8
3.6
114.2
35.3
3.4
103.1
32.2
3.9
102.3
31.9
3.8
102.6
31.8
3.7
103.3
31.8
3.6
103.7
31.8
3.6
104.1
31.7
3.7
104.4
31.6
3.8
II
12
13
234.2
93.6
216.9
128.1
181.0
183.5
167.3
200.4
202.9
208.7
272.7
208.6
285.8
208.3
296.9
219.0
322.8
218.8
334.2
243.1
381.6
14
15
10.8
12.6
16.0
12.9
11.9
12.5
13.6
14.9
16.0
17.0
18.0
16
639.3
"°"
6'1.3
"'"
767.4
7'3.7
811.7
12'.0
172.o
8'0.4
"'·7
17
14
Miocellaneous asaets
T - liablUlleo
15
16
17
18
Shanelldeposill
19
20
Other loans and adVBDCes
Miscellaneous liabilities
Checkable
Small lime and savings
large lime
4.5
26.8
221.8
6.9
L.116 Bank Personal Trusts and Estates (1)
Billions of dollars; levels, not seasonally adjusted
I
T-llnandal-.
2
3
4
5
Deposits
6
Cledit namt ins1rumen11
Checkable deposi11 and cum,ncy
and saving, deposits
Money lllllket fund llhaffS
nme
7
Open market paper
8
U.S. govemment securities
9
10
II
12
13
14
15
16
17
Treasuey
>-,,ency
Municipal securities
Corpomle and foneign bonds
Mortgages
Corpomle equities
Munal fund llha,:a
Macellaneous auets
Total liablUlleo (2)
(I) Includes penoml truats and estates admiutered by nondeposit noninsured trllll companie,.
(2) Equal to value of tangible and fmm:ial mets. These liabilitiea are uaeu of the bowehold aeciDr.
36.5
253.5
77
Zl, September 15, 1997
L.117 Life Insurance Companies
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
Tollllllnanclal2
3
Checkable deposits and cutTency
Money mamt fund shares
4
Credit 11111bt insttuments
5
6
7
8
9
10
11
12
Open lll8Ibt paper
U.S. govemment securities
Tm11u,y
Agency
Municipal securitie1
Corpomte and fon,ign bondl
Pl>licy loans
Mortgages
13
14
Corpomte equities
Mutual fund sbareo
IS
~llmeous a1&ets
1,
Tetalllalllllloa
Q2
Q3
Q4
--1997-Ql
Q2
1499.5
1'°9.6
1780.2
11184.1
2086.8
2121.0
2147.8
2199.2
2271.7
2320.3
2363.1
I
5.5
19.6
4.8
25.0
5.2
31.5
5.7
16.2
6.4
22.8
6.3
26.7
6.S
30.S
6.6
34.4
6.7
40.7
6.9
44.7
6.9
50.9
2
3
1218.9
1304.4
1416.0
1482.6
1581.8
1596.2
1596.7
1627.0
1654.3
1680.2
1701.5
4
45.8
241.9
77.8
164.2
43.2
281.8
88.8
193.0
46.9
332.8
110.0
222.8
52.8
341.2
107.1
234.1
45.S
351.0
108.1
242.9
54.2
344.9
105.8
239.1
56.6
335.3
100.7
234.6
54.6
344.2
101.8
242.4
48.4
337.4
93.2
244.1
55.3
336.3
93.2
243.1
57.9
333.6
5
6
7
8
10.2
595.1
66.4
259.5
11.4
653.9
72.1
242.0
14.7
719.5
77.7
224.4
12.8
779.4
85.5
210.9
11.9
870.1
95.9
207.5
12.3
879.6
97.8
207.4
12.1
885.5
99.0
208.2
12.4
9<:l},7
101.9
204.1
13.4
94!1.3
100.5
205.4
13.5
966.6
101.9
206.5
14.8
984.2
104.3
206.S
9
10
11
12
155.9
8.6
174.2
18.2
226.0
25.9
272.2
9.6
344.2
27.7
361.5
31.0
380.9
33.8
398.9
437.5
40.0
454.S
36.S
41.1
464.3
42.2
13
14
91.1
83.0
75.7
97.8
103.9
99.2
99.3
95.9
92.4
92.8
97.4
IS
HOU
1525.1
1'77.8
1773.5
1,su
1'62.3
1'78.7
2015.2
2062.5
2099.2
2141.2
1,
0.0
421.5
743.0
0.2
457.2
836.4
0.6
4!11.5
878.1
o.s
536.3
992.4
I.I
541.3
997.0
1.2
54!1.l
997.9
1.1
563.5
1011.1
1.6
580.1
1026.4
1.8
591.4
1050.9
1.8
607.4
1069.9
17
18
19
1.4
359.3
1.7
382.3
1.0
402.4
1.2
423.5
1.2
421.6
1.2
429.3
1.2
438.3
1.2
453.2
1.2
453.9
1.2
461.0
20
21
17
18
19
Other Joana and advance,
Life i11111111nce n,oerves
Pension fund n,oerve, (I)
0.0
393.8
659.1
20
21
Taxes payable
~ u s liabilities
0.6
356.1
88.4
245.3
(I) Excludes unollocatlOd contmcts held by private penoion funds, which an, included in miooellaneous liabilities (line 21 ).
L.118 Other Insurance Companies
Billions of dollars; levels, not seasonally adjusted
I
Tellll....._._
2
3
Checkable depolits and =ncy
Security llP1
4
Credit lllllbt insttuments
s
575.8
979
'42.5
67U
75U
767.A
754.0
762.5
ffl.O
7'1.2
ffl.2
5.3
26.9
S.6
5.2
31.7
s.o
32.6
29.4
4.9
37.5
4.8
39.6
3.8
33.8
4.1
36.8
3.9
35.4
4.2
38.1
4.4
41.2
2
3
376.6
389.4
422.7
446.4
468.7
472.1
479.7
483.2
490.2
491.2
4!14.0
4
181.6
133.4
48.2
181.8
133.6
48.3
176.5
128.8
47.7
173.1
125.0
48.1
171.8
120.9
51.0
172.1
121.1
51.1
169.2
115.0
54.2
6
7
s
6
7
U.S. govemment securities
Treasucy
Agency
146.2
104.0
42.1
151.4
108.7
42.6
169.0
124.5
44.5
178.7
133.0
45.8
8
9
10
Municipal securities
Corpomte and fon,ign bondl
Commemial mortgages
126.8
97.2
134.3
97.8
5.9
146.1
103.1
4.5
153.8
ll0.1
3.8
161.0
123.3
2.8
163.0
124.7
2.6
167.0
133.6
2.6
168.2
139.4
6.S
2.5
175.4
140.6
2.4
175.7
140.8
2.5
180.1
142.2
2.6
10
94.1
4!1.1
23.7
97.3
4!1.0
24.0
103.4
50.7
28.8
ll2.1
52.9
33.0
144.8
57.3
38.7
153.3
58.4
39.3
137.3
59.5
39.9
137.9
59.6
40.9
148.6
57.2
43.7
151.3
61.3
45.2
154.0
60.1
45.4
11
12
13
417.1
4409
457.5
472.8
502.II
sou
5109
516.8
511.2
521.5
52..0
14
0.6
416.4
1.0
439.9
1.4
456.1
0.9
471.9
0.9
501.9
0.9
508.2
0.9
510.0
0.9
515.9
0.9
517.3
0.9
520.6
0.9
525.1
15
16
11
12
13
14
15
16
Corpomle equities
Ttade n,c,eivables
Mia:ellanoous a1&ets
T-llllbllldea
Taxes payable
Miocellaneoua liabilities
8
9
78
Z 1, September 15, 1997
L.119 Private Pension Funds (1)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1
Teuil llmncllll -
2
3
4
5
Cbockable deposits and c:um,ncy
Time and •vins• deposits
6
Credit mamt instruments
7
8
9
10
11
12
13
Money market fund shares
Security RPs
Open market paper
U.S. govemment securities
Treuury
>-#,ency
Municipal securities
Cotp0m1le and fon,ign bonds
Mortgages
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
18'0.4
1,lill.7
2196.0
221145
2'SU
rt'l5.7
'11lm.7
2869.8
:,m.<J.7
3060.3
3316.3
3.0
99.5
18.8
32.7
2.9
77.4
19.8
34.5
3.0
69.0
26.3
38.1
2.9
62.9
31.6
47.6
2.8
47.2
37.5
47.5
2.8
44.2
39.2
48.5
2.8
40.3
39.3
49.4
2.7
36.5
40.0
49.9
2.7
33.6
42.2
51.3
2.7
29.8
42.6
52.4
2.7
25.9
44.0
52.5
2
3
4
5
524.4
561.9
611.4
659.2
722.3
739.6
751.0
761.4
768.8
783.2
797.7
6
32.7
310.4
212.6
97.8
34.5
326.8
223.9
102.9
38.1
350.5
239.6
110.9
47.6
364.8
249.6
115.2
47.5
393.1
267.8
125.4
48.5
399.9
272.0
127.9
49.4
402.9
274.0
129.0
49.9
405.9
276.0
129.9
51.3
406.6
276.7
129.9
52.4
410.9
279.4
131.5
52.5
415.9
282.6
133.3
7
8
9
10
0.5
162.5
18.2
0.5
185.6
14.5
0.6
207.8
14.5
0.6
230.5
15.7
0.7
264.3
16.7
0.7
273.4
17.2
0.7
280.4
17.5
0.7
287.1
17.8
0.7
292.2
18.0
0.7
300.7
18.4
0.7
309.7
18.9
11
12
13
14
15
Cotp0m11e equities
Mun.I fund shares
747.4
50.2
807.8
74.9
937.7
116.0
936.8
155.1
1174.2
237.9
1228.7
252.0
1272.7
268.3
1322.8
275.9
1441.4
295.9
1448.5
307.7
1643.9
358.1
14
15
16
17
18
19
Milcellanooua asaets
Umllocatecl insunmce oontlllCII (2)
Conlributions m:eivable
Other
384.6
206.6
17.3
160.7
379.5
198.0
18.9
162.6
394.5
206.6
24.4
163.5
388.4
216.5
28.2
143.8
382.2
220.4
32.0
129.8
380.8
219.1
32.9
128.8
384.0
222.1
33.9
128.0
380.4
223.9
34.8
121.7
393.8
235.5
35.8
122.5
393.4
238.3
36.7
118.4
391.5
241.1
37.7
112.6
16
17
18
19
20
Pemlen 1111d nanw (llal,lidoa) (3)
1m.o
1'13.1
221U
2301.4
1674.7
rtlill.8
2131.1
2893.2
30535
3084.4
3340.1
20
(I) Include• the Fedenl Employcea' Retin,mem Sy,r,,m Tlsift Savinp Plan.
(2) Alaeu of prime pension plans held at life inlumme co_.,;.. (e.g., OIC1, variable amuiliu); aeriol begins 1985:Q4.
(3) Equal to the valuo of tangilile and fimncial u-. These liabilities an, uaell at the boulebold aector.
L.120 State and Local Government Employee Retirement Funds
Billions of dollars; levels, not seasonally adjusted
Teuil llmncilll 2
3
4
Cbockable deposits and c:um,ncy
Time and •vinss deposits
Security RPs
5
Credit mamt instruments
6
7
8
9
10
11
12
13
14
15
Openmarlaot paper
U.S. govemment securities
Treasury
A#,ency
Municipal securities
Cotp0m11e and foDOign bonds
Mortgages
Corpom11e equities
Milcellanooua asaets
~nlien lllld -
(llal,lilloa) (1)
1031.7
1167.8
1254.6
1301.2
15rt.1
llill4.1
161'-'
1642.6
1724.7
1755.,
1,20.,
1
4.2
8.1
17.7
6.0
6.0
20.2
6.7
8.7
20.3
6.0
5.5
28.3
3.8
4.2
26.7
3.6
4.2
26.2
3.3
4.4
27.5
2.8
4.2
32.1
3.8
4.1
33.7
2.7
7.4
33.3
3.1
6.8
33.9
2
3
4
396.4
402.3
423.4
454.1
476.8
491.9
505.0
506.3
511.3
522.5
529.1
5
17.7
232.1
147.5
84.6
20.2
216.3
144.5
71.8
20.3
228.5
161.4
67.1
28.3
245.3
170.2
75.1
26.7
271.4
178.6
92.7
26.2
281.8
184.4
97.3
27.5
292.1
192.9
99.2
32.1
290.6
189.7
100.9
33.7
291.7
188.4
103.3
33.3
296.9
192.8
104.2
36.1
298.9
190.3
108.7
6
7
8
9
0.4
129.3
16.9
0.5
148.9
16.5
0.7
159.3
14.5
0.4
165.0
15.2
0.5
162.2
15.9
0.4
167.4
16.1
0.4
168.6
16.3
0.6
166.5
16.5
0.6
168.5
16.7
0.5
174.8
16.9
0.5
176.4
17.2
10
392.4
212.8
447.4
286.0
533.9
261.6
534.9
272.4
744.2
271.4
802.5
255.7
824.7
255.0
864.9
232.4
954.4
217.4
980.0
209.9
1153.3
194.8
13
14
1052.7
11885
mu
132U
1555.3
1614.3
1'51.7
1675.0
17lill.6
1791.4
1,57.1
15
(I) F.qual 10 the value of 1Bn8ible and fmancial aueta. Tbete liabilities an, asaeta of the household sector.
II
12
79
Z.J, September 15, 1997
L.121 Money Market Mutual Funds (1)
Billions of dollars; levels, not seasonally adjusted
1991
1
Tetal llnllncial -
2
3
4
5
Foreign deposits
Checkable deposits and currency
Tune and savings deposits
Security RPs
6
Cnodit madr.et insttuments
1992
1993
Q2
Q3
Q4
--J997-QI
Q2
539.S
5SU
602.9
745.3
816.9
so,.s
838.1
891.1
'50.8
952.4
20.3
·2.7
34.6
65.9
10.0
-1.2
31.9
66.4
15.7
19.7
14.l
·2.5
31.4
68.8
.3.5
52.3
87.8
21.2
·2.9
56.6
96.7
54.6
98.2
17.5
·3.6
67.4
100.7
23.J
.J.J
82.7
103.8
20.6
-0.4
99.4
119.0
20.2
-0.4
106.4
113.6
5
403.9
408.6
429.0
459.0
545.5
595.6
594.1
606.6
634.3
659.0
656.5
6
187.2
143.3
66.J
77.2
235.5
160.8
70.0
90.8
248.0
182.0
85.7
96.2
262.8
170.2
80.6
89.6
265.2
178.2
83.6
94.6
273.9
192.0
90.2
101.8
3112.7
174.2
82.2
92.J
308.9
168.1
74.8
93.3
7
8
9
10
113.4
15.2
127.7
21.5
141.0
24.6
136.7
25.0
138.6
24.6
144.5
23.9
155.1
151.8
27.7
11
12
190.6
118.9
78.3
40.6
173.6
132.7
78.4
54.3
164.4
147.2
79.4
67.8
11
12
Municipal oecurities
Co'l"'Dlfe and fonoign bonds
90.6
3.8
96.0
6.3
105.6
11.7
MiJcellaneous asaets
Tetal .................. (llabllllea)
1996
QI
21.4
-0.2
35.1
67.0
Open mari<et paper
U.S. government oecurities
Treumy
Agency
13
1995
535.0
7
8
9
JO
14
1994
.2.1
26.4
2
3
4
7.7
12.7
23.7
30.6
43.4
4/J.7
50.5
49.5
48.3
53.2
56.0
13
535.0
539.S
5SU
602.9
745.3
81U
so,.s
838.l
891.1
'50.8
952.4
14
(I) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life imumnoe oecll>r (1Bble LJ 17).
L.122 Mutual Funds (1)
Billions of dollars; levels, not seasonally adjusted
Tetaian...w2
Security RPs
3
Cnodit madr.et insttuments
7'9.S
992.5
1375.4
1477.3
11152.8
1997.0
212U
2211,6
2342.4
2411.5
2731.1
12.2
21.9
38.7
43.1
50.2
46.4
4/J.8
56.1
47.5
53.0
59.0
2
440.2
566.4
725.9
718.8
771.3
795.9
809.0
818.3
820.2
838.3
864.7
3
12.2
200.6
133.5
67.J
21.9
257.4
43.1
296.2
194.1
102.1
315.J
205.3
109.9
4/J.4
328.9
213.4
115.5
49.8
331.0
214.6
116.4
56.1
329.1
213.5
115.6
47.2
330.2
214.2
116.1
53.0
335.6
217.3
118.2
59.0
343.5
222.0
121.5
4
5
87.9
38.7
306.6
200.9
105.7
50.2
7
Open market paper
U.S. govemment oecurities
Treumy
Agency
8
9
Municipal oecurities
Co'l"'mte and fonoign bonds
139.7
87.7
168.4
118.7
211.3
169.3
207.0
172.4
210.2
195.7
212.1
205.5
212.6
215.6
213.0
220.2
213.3
229.5
214.2
235.4
215.0
247.3
8
9
308.9
8.2
401.3
3.0
607.4
3.3
709.6
5.9
1024.9
6.3
1149.6
5.1
1263.0
8.1
1334.1
3.0
1470.0
4.7
1514.7
5.5
1804.8
2.6
JO
11
769.S
992.5
1375.4
1477.3
1852.8
1997.0
212U
2211.6
2342.4
2411.5
2731.1
12
4
5
6
10
II
12
Co'l"'mte equities
Miacellaneous asaets
Tetal .._.. .-.u,. (llabllllea)
169.5
6
7
(I) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life imumnoe oec1'>r(1Bble LI 17).
L.123 Closed-End F1U1ds
Billions of dollars; levels, not seasonally adjusted
1
2
3
4
5
6
Tetaian...wCnodit madr.et insttuments
U.S. govemment oecurities
Municipal oecurities
Co'l"'mte and fon,ign bonds
Co'1"'1Bfe equities
71.2
91.S
109.7
1103
127.4
131.o
133.7
136.3
141.1
144.1
145.3
4/J.5
67.7
82.0
78.7
92.0
94.8
97.2
99.5
101.3
103.0
104.3
2
10.0
25.4
14.1
11.6
39.7
16.3
13.7
47.6
20.8
7.4
54.9
16.3
10.4
59.9
21.7
10.9
61.1
22.7
11.2
62.4
23.6
11.5
63.6
24.4
11.6
64.8
24.9
11.6
66.0
25.3
11.5
67.2
25.6
3
4
5
21.8
23.8
27.6
32.2
35.3
36.2
36.5
36.9
39.8
41.1
41.0
6
71.2
91.5
109.7
110.9
127.4
131.0
133.7
136.3
141.1
144.1
145.3
7
Memo:
7
Mam! value of equities
80
ZI, Sep<ember 15, 1997
L.124 Govermnent-Sponsored Enterprises (GSEs) (1)
Billions of dollars; levels, not seasonally adjusted
1991
Total llmndal 2
3
Checkable deposits and cmrency
Federal funds and aecurity RPs
4
Credit mamt inslruments
5
6
7
8
Open rnmtet paper
U.S. govemment aecurities
Treumy
Agency
9
10
Municip,i aecurities
Corpomlie and foieign bonds
11
12
13
14
Otbor loans and advances
Sallie Mae
15
16
17
18
Mortgages
Home
Mullifamily tesidential
Fann
19
20
Fann Credit Sy111em
FIILB
Mitcellaneo111 auets
Telal llallllllia
Credit mamt inslruments
1993
1994
1995
--1997--
1996
QI
Q2
Q3
Q4
QI
Q2
496.8
S52.3
631.1
781.8
896.9
906.8
934.0
954.9
988.6
993.9
10385
1
1.2
67.6
1.2
66.6
2.1
50.3
1.3
85.8
1.5
106.3
1.0
104.0
0.7
103.4
0.6
103.5
0.7
94.5
0.9
96.1
2.9
102.2
2
3
388.8
457.6
545.5
663.3
748.0
755.8
758.9
779.3
813.6
824.3
854.8
4
10.9
75.5
40.8
34.7
13.5
105.7
58.7
47.0
11.9
116.9
51.6
65.3
26.3
180.3
51.9
128.4
25.5
243.8
58.0
185.8
24.5
254.0
54.2
199.8
23.6
246.6
34.5
212.0
24.6
260.3
34.4
225.9
35.1
264.2
18.8
245.4
40.6
279.2
19.t
260.1
42.2
295.1
23.4
271.6
5
6
7
8
3.0
0.0
3.2
0.0
2.6
3.4
19.5
4.4
25.0
3.9
23.t
4.2
20.2
4.1
II.I
19.5
4.1
30.6
4.4
29.8
3.9
29.8
9
10
131.8
30.1
22.7
79.1
135.5
31.6
24.0
79.9
162.0
33.4
25.4
103.1
189.t
37.0
26.3
125.9
200.3
37.9
30.2
132.3
199.8
36.9
31.5
131.4
213.0
36.3
31.8
144.9
220.1
35.5
31.3
153.3
229.1
36.2
31.6
161.4
223.3
34.9
31.7
156.6
238.3
33.5
32.4
172.4
11
12
13
14
167.7
126.0
14.6
27.1
199.7
156.6
16.2
27.0
241.0
196.4
17.9
26.8
244.6
199.0
18.7
26.9
249.0
202.9
19.4
26.8
250.5
203.8
251.3
204.2
19.5
27.6
250.6
203.4
19.3
27.8
250.7
203.7
19.1
27.9
247.2
200.4
18.8
27.9
245.5
199.0
18.3
28.2
15
16
17
18
19.5
27.2
39.2
26.9
33.2
31.5
41.2
46.1
71.0
71.6
79.8
72.6
78.6
19
416.0
538.7
nu
7'1.7
873.6
882JI
9095
930.1
"6.7
972.3
1016.f
20
447.9
443.1
4.8
528.5
523.7
4.8
700.6
700.6
0.0
806.5
806.5
0.0
814.4
814.4
0.0
846.1
846.1
0.0
866.1
866.1
0.0
896.9
896.9
0.0
894.7
894.7
0.0
944.2
944.2
0.0
21
90.8
85.9
61.1
67.1
68.4
63.4
64.0
69.8
77.7
72.7
24
22
GSE iuues (2)
23
U.S. government loans
407.7
402.9
4.8
24
Mitcellaneo111 liabilities
78.3
21
1992
22
23
(I) Federal Homo Loon Banb, Federal Natioml Mortgage AIIOciation, Federal Home Loon Mortgage Corporatioo, Smlent Loon Marlee~ A1IOCiation (Sallie Mac), Fum Credit System,
the Fimncing Corpontioo, and tbe Relolution Funding Coiporstion.
(2) Such issues sie clouificd •• U.S. gow,rnmeu securities.
L.125 Federally Related Mortgage Pools (1)
Billions of dollars; levels, not seasonally adjusted
Telaltlnmcilll-
115'5
1272.0
1356.8
1472.1
1570.3
1599.7
1643.3
1679.0
1711.4
1740.0
1762.J.
Home mortgages
Multifamily iesidential mortgage•
Fann mortpges
1130.4
26.1
0.0
1248.2
23.8
0.0
1334.3
22.5
0.0
1449.7
22.4
0.0
1543.4
26.9
0.0
1571.9
27.8
0.0
1614.3
28.9
0.0
1648.3
30.7
0.0
1678.9
32.5
0.0
1706.3
33.7
0.0
1726.9
35.2
0.0
2
3
4
5
Telal p o o l ~ (llablllllea)(2)
115'5
1272.0
1356.8
1472.1
1570.3
1599.7
1643.3
1679.0
1711.A
1740.0
1762.1
5
2
telat<d pool, which sn, Ull<d u collaieml for federally related agcDcy·iuucd CMOa and privaiely
i11ued CM01. Excludes Federal Fimncing Bank boldmp of pool sccuritica, which sie included with fedeml governmeu m>rtgagca and other loam and adwncca.
(2) Such WUCI sn, clouificd u U.S. govemmcm securities.
(1) ONMA, FNMA, FHLMC, and Farmen Home Adminia!Jlltion pools. Also includes federally
3
4
81
Z I, September 15, 1997
L.126 Issuers of Asset-Backed Securities (ABSs)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
Tolalftmndal-
337.0
400.7
483.4
55U)
'83.6
714.o
74'.2
773!J
810.7
820.6
840.3
2
At,er,cy oecurities (I)
99.3
76.3
91.2
92.8
94.4
94.0
89.2
85.6
75.0
65.2
60.5
2
3
4
6.8
0.0
6.8
9.7
0.0
9.7
19.5
5
Other loans and advances
Student loans
Loana 1D busineu
19.5
23.7
0.0
23.7
30.6
1.0
29.6
32.7
2.5
30.2
39.6
4.0
35.6
38.0
5.0
33.0
43.7
6.0
37.7
39.9
6.6
33.2
41.3
7.1
34.2
3
4
5
6
7
8
9
Mortgages (2)
Home
Multifamily residential
Commercial
106.4
96.2
3.7
6.5
168.6
147.1
6.3
15.2
213.9
179.8
8.7
25.5
254.2
202.5
14.9
36.8
291.2
222.5
21.3
47.4
305.2
229.6
24.5
51.1
320.1
238.7
26.8
54.5
329.4
244.9
28.1
56.3
344.9
247.7
33.7
63.5
359.4
256.8
35.5
67.1
372.3
260.0
39.5
72.8
6
7
8
9
10
Consumer credit
Tl1lde n,c,eivables
103.0
21.5
120.3
25.8
130.5
28.4
146.1
35.2
211.6
55.7
221.4
60.6
237.2
63.2
251.2
69.8
266.5
80.7
269.2
86.9
276.4
89.8
10
11
338.,
402.S
485.3
554.1
'87.0
717.3
756.7
781.3
s1,.s
ffl.O
84'.5
12
38.7
300.2
46.9
355.7
51.6
433.8
63.9
490.2
101.2
585.8
110.2
607.1
114.8
641.9
127.0
654.4
146.7
672.8
158.1
670.9
163.3
686.2
13
14
2.0
1.9
1.9
2.2
3.5
3.3
7.6
7.4
8.7
8.4
9.2
15
12
13
14
Telalllllllllllieo
Commercial paper
Corpomle bonds
o.o
11
Memo:
Securitized consumer laoes
15
not included above (3)
(I) Fedemlly .elated mortpge pool oecmitiea ~ priwtely illlled CMOa.
(2) Mortgages ~ priwrely ilsued pool oecurities and privately ilaued CMO,.
(3) lleceivablea fmmopersling leases, suobu comumor a11<>111Dbile leases, aie booked u cuncm income when payment, aie received and aie mt includocl in financial alllCII (or household liabilities).
The L,uc,d automobile ii a tangible asset.
L.127 Finance Companies (1)
Billions of dollars; levels, not seasonally adjusted
1
TelalllmncW-
2
Chocbble deposits and CIIIRDC'J
3
4
5
6
Credit a.mt instruments
7
Milcellaneoua Hlets
8
Other loans and advance,
Mortgages
Consumer credit
Telal llalllllieo
9
10
11
12
Credit a.mt instruments
Open lllllrUt paper
13
Taxes payable
14
15
16
17
Miacellanooua liabilities
Foreign direct investment in u.s.
Corpo,ate bonds
Barut loan, n.e.c.
Investment by parent
Other
55'.2
554.1
55"7
!lff.4
"8.2
'73.8
'88.4
'92.6
714.6
720.0
738.2
10.6
11.9
12.3
12.7
13.1
13.2
13.3
13.4
13.5
13.6
13.7
2
453.0
263.8
63.3
125.9
453.3
264.9
65.8
122.6
427.9
2"49.0
62.7
116.1
476.2
274.9
66.9
134.4
526.2
301.6
72.4
152.1
530.3
303.5
74.3
152.5
539.9
305.7
80.4
153.9
538.3
301.4
82.2
154.6
544.5
309.5
82.7
152.4
551.6
315.2
83.4
153.0
552.3
311.7
84.8
155.8
3
4
5
6
95.7
88.8
114.5
107.4
128.9
130.3
135.1
140.9
156.5
154.8
172.2
7
531.o
546.0
S51J
614.5
686.2
'90.5
708"
714.2
741.o
7"4.7
762.3
8
389.9
155.2
194.6
40.1
387.6
1"49.2
204.3
34.1
386.7
149.1
217.3
20.4
435.8
171.6
249.5
14.8
486.6
168.6
302.7
15.3
"493.8
168.2
310.3
15.4
506.3
169.6
319.0
17.7
513.7
173.1
322.3
18.3
529.8
177.6
332.5
19.7
528.2
185.3
324.4
18.4
557.7
193.8
344.9
18.9
9
10
11
12
0.4
0.6
0.8
0.8
0.8
0.8
0.8
0.8
0.8
0.8
0.8
13
140.6
5.6
32.4
102.6
157.8
9.5
34.5
113.7
163.5
33.8
35.8
93.9
177.9
35.9
42.1
99.9
198.8
52.4
51.5
94.9
195.9
49.3
51.0
95.6
201.9
51.2
56.3
94.3
199.6
56.8
57.9
85.0
210.4
63.3
60.3
86.8
217.7
67.3
61.0
89.5
203.7
70.2
61.5
72.0
14
15
16
17
33.5
39.0
49.3
67.5
80.8
83.4
86.7
89.9
92.5
95.6
98.5
18
Memo:
18
Consumer leaoes not included above (2)
ru,uw:,e
(I) Includes retail captive
companiea.
(2) See footnote (3), table L 126.
82
Z. l, September IS, 1997
L.128 Mortgage Companies
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
Telalllnanclal2
3
4
s
6
7
Homemonl!"l!e•
Mullifamily ~sidential monl!"l!e•
Commercial ID0ff8"!!0S
TOlal llabllllla
Bank loam n.e.c.
Investment by pa=t
Q2
Q3
Q4
--1997-QI
Q2
'°.3
'°.s
'°"
3'.S
33.0
•.o
3'.3
40.2
41.2
3'.2
3'.2
1
53.1
2.7
52.7
3.0
36.7
29.8
4.2
4.2
5.1
5.1
4.4
5.1
31.0
4.1
5.1
32.0
4.1
5.1
30.0
4.1
5.1
30.1
4.0
5.1
2
3
4.8
28.3
3.1
5.1
23.8
4.5
52.2
3.1
5.1
'°.3
'°.s
'°"
3'.S
33.0
•.o
3'.3
40.2
41.2
3'.2
3'.2
s
22.2
30.2
30.3
30.2
30.2
18.7
17.7
19.1
13.9
24.1
21.9
28.1
11.2
28.5
33.0
6.1
35.5
11.6
31.5
9.7
6
7
17.4
22.1
25.S
25.7
2U
26.S
27!J
2'.0
!0.7
8.6
0.9
5.6
2.1
13.3
15.5
1.7
10.1
3.7
16.3
1.8
10.7
3.9
17.2
1.9
11.2
4.1
18.0
2.0
11.8
4.3
18.5
2.0
12.1
4.4
19.0
2.1
12.4
4.5
8.1
0.9
5.3
1.9
4.5
19.9
2.2
13.0
4.7
2
3
4
5
7.0
5.8
8.8
10.0
9.4
8.9
8.4
9.3
10.0
10.8
6
16.5
lt.3
24.7
SU
57.3
,u
65.S
71.3
7U
112.5
7
38.2
3.6
4
L.129 Real Estate Investment Trusts (REITs)
Billions of dollars; levels, not seasonally adjusted
1
TOlalllnanclal-
2
3
4
5
Monl!"l!e•
6
Miscellaneous asaets
7
8
Home
Mullifamily ~llidential
Commercial
TOlal lhlbllllla
Security RPa
9
10
II
12
13
Credit 1111mt instruments
Openmarbt paper
Corpomle bonda
Bank loam n.e.c.
14
Miscellaneous liabilitie•
Moff881!••
14.0
7.0
0.4
2.2
w
1.5
8.7
3.2
...
8.7
0.0
2.9
5.0
9.7
10.9
11.2
11.5
12.0
12.5
12.9
13.4
8
13.6
0.9
3.0
5.0
4.8
13.9
0.9
4.0
3.7
5.4
17.4
0.6
4.3
3.6
8.9
31.1
0.0
6.3
6.0
18.7
37.1
0.0
8.3
39.1
0.0
4.2
45.4
0.0
10.2
2.8
32.4
~.9
0.0
11.2
2.7
36.0
54.6
0.0
11.7
2.9
24.6
3.8
26.5
42.0
0.0
9.4
3.4
29.2
<IO.O
59.3
0.0
12.7
3.1
43.5
9
10
11
12
13
2.9
2.4
2.3
5.3
6.6
7.0
7.5
8.1
8.9
9.4
9.7
14
8.8
83
Zl, September 15, 1997
L.130 Security Brokers and Dealers
Billions of dollars; levels, not seasonally adjusted
1991
16
17
18
19
20
21
22
23
24
Q2
Q3
Q4
--1991-QI
Q2
S611.t
569.4
5'5.3
5113,1
634.6
'50.(i
717.0
10.2
10.4
12.3
12.0
13.7
12.9
15.3
15.3
15.6
14.9
17.3
2
124.0
122.7
137.5
93.3
183.4
156.2
138.2
147.1
166.3
163.1
168.9
3
14.0
59.1
5.1
54.0
9.4
40.9
15.2
45.3
-7.7
53.0
11.3
50.9
14.9
32.5
-28.3
60.8
17.1
73.0
11.2
2.3
-42.7
45.0
15.5
64.4
22.1
72.3
18.3
54.0
12.7
76.4
16.8
55.2
5.2
50.0
8.9
75.3
19.9
34.1
-14.l
48.2
8.8
75.3
18.1
42.5
-4.0
46.5
7.9
78.6
24.2
40.5
-14.7
55.2
10.8
90.9
26.0
29.2
-24.6
53.8
10.0
97.9
27.7
29.8
-23.9
53.7
11.7
99.7
4
5
6
7
8
9
14.3
55.1
129.0
14.8
53.5
180.4
24.2
76.1
228.6
20.1
75.1
254.2
34.2
78.6
258.2
28.2
89.1
283.0
31.9
89.9
290.0
29.1
86.9
304.7
37.9
94.3
320.5
39.3
IOI.I
332.2
44.0
109.7
377.1
10
11
12
308.7
352.B
44U
420-'
535.4
534.8
530.5
547.2
Sk.8
WT.8
672.3
13
Security RPs (net)
Corpomlie bonds
106.7
19.0
106.4
21.7
126.4
33.7
103.4
34.3
182.4
29.3
181.5
21.4
180.4
24.6
177.6
26.1
179.3
27.3
177.8
26.6
208.1
37.2
14
15
Tmde payables
6.8
133.8
87.0
46.8
0.9
7.4
164.2
76.2
88.0
0.9
10.I
202.9
102.3
100.7
1,4
9.1
203.9
109.0
94.9
1.2
10.3
227.1
127.6
99.5
I.I
11.6
237.8
140.9
96.8
I.I
13.0
228.8
136.8
91.9
1.2
14.5
230.8
145.2
85.7
I.I
14.3
263.7
162.9
100.8
1.3
17.6
279.0
172.0
107.0
1.0
16.3
299.4
184.1
115.3
0.9
16
17
18
19
20
41.5
5.8
26.0
9.7
52.2
5.3
55.4
-8.5
67.4
5.0
84.5
-22.2
69.0
5.8
110.2
-47.0
85.3
11.0
135.2
~.9
81.4
11.2
142.8
-72.6
82.4
11.3
164.8
-93.7
97.1
11.3
167.6
-81.7
108.9
7.8
170.6
~.5
105.8
8.0
188.7
-90.9
110.5
8.3
208.4
-106.3
21
22
23
24
2'1.4
JOU
JOU
349.0
366.2
40U
421.4
443.8
447.6
473.4
464.1
1
52.4
75.9
86.0
117.8
120.2
128.3
133.4
139.3
147.5
149.2
152.1
2
134.2
134.2
0.0
147.5
147.5
0.0
117.9
113.9
4.0
97.3
83.3
14.0
91.3
67.5
23.8
113.2
83.4
29.8
116.8
80.8
36.0
119.8
77.0
42.8
108.8
62.3
46.5
124.1
74.5
49.6
116.9
66.3
50.6
3
4
5
74.8
30.3
44.5
85.1
21.5
63.7
104.6
23.8
80.8
133.9
37.0
96.9
154.8
40.0
114.8
167.6
41.0
126.6
178.1
40.4
137.8
184.7
41.0
143.7
191.3
41.1
150.2
200.1
42.8
157.3
195.2
44.4
150.8
6
7
8
C!mit mubt instruments
14
1996
QI
454.7
3
15
1995
4711.8
Checkable deposits and cumocy
13
1994
381.7
2
10
11
12
1993
332.5
Telalllmncial-
4
5
6
7
8
9
1992
Openmarbt Jllper
U.S. govemment aecurities
Treuucy
A30ocy
Municipal aecurities
Corpomte and f=ign bonds
Corpomte equities
Security credit
Milcellaneous asaets
Telal lilllllllda
Security credit
Cuslomor ot!Odit ba!IIICOI (HH)
Frombanb
TlxesJ11yable
Mitcellaneous liabilities
Foreign clirect inveallnenl in U.S.
Due to alf'iliat1e1
Other
L.131 Funding Corporations (1)
Billions of dollars; levels, not seasonally adjusted
1
TetalllmncW-
2
Money lllllbtfund lhares
3
4
5
C!mit mamt instruments
Open marbt Jllper
Corpomlie and fomign bonds
6
7
8
Milcellaneo111 asaets (2)
Invellment in foreign banking offioe1
Invellment in brokm, and dealers
'
10
II
12
13
14
15
16
T--
2'1.4
308.6
308.6
349.0
366.2
--1
428.4
443JI
447.6
473.4
464.1
C!mit mamt instruments
Open marbt Jllper
Corpomle bonds
143.5
128.8
14.7
169.3
142.9
26.4
180.3
140.4
40.0
212.3
152.3
60.0
249.8
165.4
84.4
262.2
160.0
102.2
283.0
177.4
105.6
290.7
183.0
107.7
311.3
200.8
110.5
336.7
225.0
111.6
328.2
227.1
101.0
10
II
12
Miocellaneoua liabilities
Foreign clirect investment in U.S.
Securities loaned (net)
117.9
-68.7
102.9
83.6
139.2
-84.2
153.5
69.9
128.2
-75.7
197.1
6.8
136.7
-78.4
221.7
-6.6
116.5
-9S.O
216.2
-4.7
146.9
-94.6
242.6
-I.I
145.4
-104.9
249.5
0.8
153.1
-106.0
265.2
-6.1
136.3
-120.0
275.9
-19.6
136.7
-136.6
289.0
-15.7
136.0
-133.0
331.3
-62.4
13
14
15
16
Other
(I) Funding slmlidiaries, mnbank fiDou:ia1 holding co-.,,ies, and cwtodial accoum for "'invested collateral of securities lending opemtiom.
(2) Due from affiliated companies.
'
84
ZI, September IS, 1997
L.200 Gold and Official Foreign Exchange Holdings (1)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
199S
1996
QI
Telal U.S. n.nn
2
3
4
s
6
7
8
9
10
11
U.S. gold S1DCk and SDRs
Feclenl goVl: Exchange Slab. Fund
Moneauy authority (2)
U.S. fomgn exchange position
Off"JCial fon,ign Clllff""Y boklina!s
Treuuey
Monel8ry authority
Monel8ry authority
Q3
Q4
--1997-QI
Q2
77.7
71.3
73.4
74.3
85.8
114.2
113.4
155
75.1
,1.2
,1.s
1
22.3
19.6
20.1
21.1
22.1
22.1
22.0
21.2
21.4
20.9
21.1
2
11.2
11.1
8.S
11.1
9.0
11.1
10.0
11.1
11.0
11.1
11.0
11.1
11.0
11.1
10.2
11.1
10.3
11.0
9.9
11.1
10.0
II.I
3
4
SS.4
Sl.8
53.4
S3.2
63.7
62.1
61.4
S4.3
S3.7
46.3
46.7
s
45.9
18.3
27.6
40.0
18.S
21.S
41.S
19.2
22.3
41.2
19.2
22.0
49.1
28.0
21.1
46.9
26.9
20.0
46.1
26.S
19.6
38.9
19.4
19.S
38.3
19.0
19.3
32.4
14.5
18.0
32.9
!S.O
18.0
6
7
9.S
11.8
11.9
-0.1
11.8
11.9
-0.1
12.0
12.1
-0.1
14.6
14.7
-0.1
1S.2
15.3
-0.1
15.3
15.4
-0.1
IS.4
15.4
15.S
-0.1
13.8
13.9
-0.1
13.8
13.9
-0.1
9
10
11
Net IMF position
Feclenl govemment
Q2
9.6
-0.1
IS.S
-0.1
8
(l)Line1 I, 2,and 3inclmeinoeues inSDR1 through allocations, whichoccumdat vuiomdates b e ~ Jam,uy 1970. Also included intbe table are ievahatiom of
fomgn cmm,cy lr:>ldinp, gold, SDRs, and IMF position. Those allocatiom and ievaluotiooa aie excluded from tatiea on flows.
(2) Treuury gold IIOCk.
L.201 SDR Certificates and Treasury Currency
Billions of dollars; levels, not seasonally adjusted
SDR c.rfi/lc•i:
1
2
Liab: Fedeml government
AJset: Monemy authority
10.0
10.0
8.0
8.0
8.0
8.0
8.0
8.0
10.2
10.2
10.2
10.2
10.2
10.2
9.7
9.7
9.7
9.7
9.2
9.2
9.2
9.2
I
2
rr-..,, c,,,,.,.,,,
3
4
U.b: Fedeml government
AJset: Monemy authority
16.3
21.0
16.S
21.S
17.0
22.1
17.6
23.0
18.2
24.0
18.2
24.3
18.2
24.5
18.8
24.8
18.2
25.0
18.3
25.2
18.3
25.4
3
4
5
Disc,epanoy (oeignl<>111ge)
-4.7
-4.9
-5.1
-5.4
-S.8
-6.1
-6.3
-6.0
-6.8
-6.9
-7.0
5
1735
'»7.7
171.8
324.6
39.2
3114.4
JIS.2
415.1
4311.1
485.2
!05.0
1
14.6
15.0
21.4
15.6
14.3
20.3
15.8
12.9
10.0
18.8
14.0
!S.7
23.4
15.0
19.7
26.0
17.7
21.2
27.7
17.2
14.1
30.4
18.2
17.S
33.2
25.4
23.1
37.2
26.2
20.6
40.5
29.S
20.2
2
3
4
222.6
217.6
233.2
276.2
301.2
319.S
326.1
348.9
356.4
401.1
414.7
5
L.202 U.S. Deposits in Foreign Countries
Billions of dollars; levels, not seasonally adjusted
1
Teul nil eflbe wwtd lllllltllly
Held by:
2
3
4
5
Houaelr:>ld ICIC1Dr
Nonfinancial oorpora110 busineu
Money mm!tet mlllWII fundl
Disc,epanoy--unalloco110d · -
85
Z.l, September 15, 1997
L.203 Net Interbank Transactions
Billions of dollars; levels, not seasonally adjusted
1991
1
9'.4
138.S
1993
18'.3
1994
1996
1995
QI
Q2
Q3
Q4
--1997-QI
Q2
280.1
2'0.7
2'6.0
249.1
223.6
13/J.7
210.1
1,u
59.1
24.7
34.4
60.3
24.6
35.7
59.2
21.0
38.2
69.7
24.5
45.2
59.0
21.8
37.1
61.6
23.2
38.4
2
3
4
206.8
0.1
188.8
0.4
164.4
2.3
170.0
4.4
151.2
3.5
137.8
2.4
5
6
2
3
4
Mono11uy authority
Depoa10ry institution noserves
Vault cash
63.0
29.4
33.6
63.9
32.1
31.9
67.6
35.0
32.7
68.9
30.8
38.1
70.2
29.6
40.6
5
6
Commercial hmking
To monelmy authority
33.4
0.9
74.5
3.9
121.7
1.0
211.2
-0.5
220.5
0.2
36.6
79.9
125.4
218.2
229.3
209.4
196.3
173.7
176.3
149.3
143.6
7
8
9
10
II
Liabilities, net
U.S.-<:hmllered commercial banks
Due to fonoign affiliain
• Due fmm foreign alf'tliallOs
47.6
15.3
74.5
59.2
89.2
-11.5
84.2
95.6
135.4
7.9
90.8
82.9
229.0
82.3
143.4
61.1
239.7
79.6
128.7
49.1
222.6
68.1
112.9
44.9
208.6
58.3
110.6
52.3
189.1
44.8
115.5
70.7
191.9
48.4
126.8
78.4
173.7
51.3
133.6
82.3
165.3
36.6
139.2
102.6
8
9
10
11
12
13
14
Foreign banking offices in U.S.
Due to fonoign affiliain
- Due from foreign alf'tliallOs
42.7
75.1
32.4
!OS.I
84.6
-20.5
134.3
83.0
-51.3
161.4
84.3
-77.0
178.6
99.9
-78.7
174.1
95.8
-78.3
166.8
95.2
-71.6
162.3
93.6
-68.7
166.1
110.4
-55.7
139.7
110.3
-29.4
128.0
109.7
-18.4
12
13
14
15
16
17
Bank holding companies
Due to fonoign affiliain
· Due from foreign alf'tliallOs
-10.3
7.9
18.1
-4.5
8.9
13.4
-6.8
6.6
13.3
-14.6
4.1
18.7
-18.5
3.0
21.4
-19.6
2.5
22.0
-16.6
3.0
19.5
-18.0
2.5
20.6
-22.6
2.7
25.3
-17.2
2.4
19.6
0.6
2.3
1.7
15
16
17
11.0
9.4
1.6
9.3
7.7
1.6
10.0
8.4
1.6
10.8
8.0
2.9
10.4
5.4
5.0
13.3
7.4
5.8
12.3
8.2
4.1
15.4
IQ.9
4.5
15.6
10.6
5.0
24.4
18.6
5.8
21.6
16.9
4.8
18
19
20
-4.2
-9.3
.4.7
-6.5
-9.0
-2.6
-8.0
-11.6
-10.6
-1.7
-8.3
21
-47.9
49.4
51.2
2.4
.4.2
-33.6
38.5
"6.4
1.4
-9.3
-19.9
44.8
48.2
1.3
-4.7
-13.3
50.7
56.3
0.9
-6.5
-20.0
43.3
51.5
0.8
-9.0
-39.9
40.3
42.1
0.8
-2.6
-38.5
38.1
45.3
0.8
-8.0
-44.2
31.1
41.8
1.0
-11.6
-41.8
38.3
48.4
0.5
-10.6
-43.8
43.3
43.7
1.3
-1.7
-45.8
41.6
48.7
1.2
-8.3
22
23
24
25
26
99.0
-1.7
77.2
-5.1
66.7
-1.9
60.2
3.8
58.9
4.4
64.7
15.5
62.8
13.8
61.6
13.7
64.9
15.2
75.1
12.1
75.3
12.1
27
28
7
18
19
20
21
22
23
24
25
26
27
28
To banks in f=ign countries, net
Leu: 0epoa11 at f=ign banks
U.S. chmllered commercial banks
Foreign banking offices in U.S.
To U.S. hmking, net
U.S.-<:harlored commercial banks
Uabilities
To fonoign omcea in U.S.
To bank holding companies
Unallocated
Leas, due from:
Foreign offices in U.S.
Bank holding companies
29
30
31
Foreign hmking offices in U.S.
Due to U.S. banks
· Due fmm U.S. banks
47.8
99.0
51.2
30.8
77.2
"6.4
18.5
66.7
48.2
3.9
60.2
56.3
7.5
58.9
51.5
22.6
64.7
42.1
17.5
62.8
45.3
19.8
61.6
41.8
16.5
64.9
48.4
31.3
75.1
43.7
26.6
75.3
48.7
29
30
31
32
33
34
Bank holding companies
Due to U.S. banks
- Due from U.S. banks
-4.1
-1.7
2.4
-6.5
-5.1
1.4
-3.3
-1.9
1.3
2.9
3.8
0.9
3.5
4.4
0.8
14.6
15.5
0.8
13.0
13.8
0.8
12.7
13.7
1.0
14.7
15.2
0.5
10.8
12.1
1.3
10.9
12.1
1.2
32
33
34
100.6
147.7
194.1
28U
299.7
2'8.6
'157.0
235.2
250.A
211.8
'lmAi
35
36
35
.
Telal llabllldta
1992
T...a-11
36
Reatoftbe world
36.6
79.9
125.4
218.2
229.3
209.4
196.3
173.7
176.3
149.3
143.6
37
Domestic
64.0
67.9
68.6
68.4
70.4
59.2
60.7
61.5
74.1
62.5
64.0
37
0.9
0.7
0.2
3.9
3.3
0.7
1.0
0.9
0.1
-0.5
-0.7
0.2
0.2
0.1
0.1
0.1
0.0
0.0
0.4
-0.2
0.6
2.3
0.6
1.7
4.4
4.3
0.1
3.5
-0.5
4.0
2.4
0.5
1.9
38
39
40
60.1
26.5
33.6
60.9
29.0
31.9
64.2
31.5
32.7
66.1
28.0
38.1
67.5
26.9
40.6
56.4
22.0
34.4
57.8
22.1
35.7
56.9
18.7
38.2
67.5
22.3
45.2
56.9
19.7
37.1
59.5
21.1
38.4
41
42
43
2.9
3.1
3.4
2.8
2.7
2.7
2.5
2.3
2.3
2.1
2.1
44
-4.2
-9.3
-4.7
-6.5
-9.0
-2.6
-8.0
-11.6
-10.6
-1.7
-8.3
45
38
39
40
Mo-ry authority
41
42
Commercial banking
43
44
45
Fedeml Reaetve float
Loem 10 member banks
Reserves at Fedeml Reserve
Vault cash
SaVU>!!• i11111.: Reserves at Fed. Res.
Diocrepancy--floa11, eu,.
86
Z 1, September 15, 1997
L.204 Checkable Deposits and Currency
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
Ql
1
Telal llabllllles
1020.9
1134.A
1251.7
1242.0
1229.3
Q2
Q3
Q4
--1997-Ql
Q2
1183.3
1212.3
1220.8
1245.1
1219.0
1261.8
1
400.7
8.0
413.9
8.0
392.2
405.S
414.9
6.3
1.3
407.4
432.S
16.7
0.6
415.2
2
3
4
5
2
3
4
5
Mone1ary authority
Fedenl govemment calh and deposits
Deposits due 1D fonoign
am,,ncy outside banks
293.S
18.3
1.0
274.2
311.1
8.0
0.2
302.8
348.2
15.2
0.4
332.6
373.S
1.5
0.3
365.7
390.S
6.2
0.5
383.7
389.6
7.3
0.4
381.9
397.S
8.0
0.4
389.1
6
7
8
9
Commercial banlting
Fedenl govemment deposits
Deposits due 1D fomgn
Private domestic deposits
621.6
36.4
19.4
565.7
714-3
30.6
21.7
662.1
788.4
42.6
21.3
724-5
756.7
23.8
23.2
709.8
710.8
19.0
24-0
667.8
659.3
16.8
23.1
619.4
673.2
31.4
27.1
614-8
672.3
37.8
25.1
609.4
676.2
28.7
26.6
620.9
642.7
24-0
26.9
591.8
661.1
34.2
29.3
597.6
6
7
8
9
85.3
20.S
84-0
25.1
88.3
26.8
83.0
28.8
97.1
30.9
103.4
31.0
109.0
32.6
115.3
32.5
122.4
32.S
128.9
32.4
136.4
31.7
10
11
1020.9
1134.4
1251.7
1242.0
1229.3
1183.3
1212.3
1220.8
1245.1
1219.0
1261.8
12
426.6
523.6
571.9
542.3
499.9
473.9
461.7
450.4
438.3
421.0
413.1
13
402.2
285.9
100.4
16.0
402.3
284-7
101.4
16.2
416.2
297.2
102.6
16.4
14
15
16
17
10
11
12
13
Savings institutions
Credit unions
TotalHouaebold sector
14
15
16
17
Nonf1118ncial business
Corpomte
NonfannllOIIIX)t)IOlllte
18
19
Slate and local govemments
Fedeml govemment
20
21
22
Iles! of tho world
Checkable deposits
23
l'imncial sec11>r,
Rum
am,,ncy
24
25
26
27
Commercial banlting
Saving• institutions
Credit unions
Bank penoml !IUlt8 and ellates
28
29
30
31
Life insmance componie•
Oilier ina11111nce companies
Private pension funds
Slate and local govt. nolimnent funds
32
33
34
Money nmket mutual funds
Govemment-aponaonod elllelprites
l'imnce companies
Brokers and dealer,
35
36
Mail float
o.s
o.s
268.9
182.S
74.6
11.8
282.6
189.4
79.6
13.6
305.6
203.1
87.2
15.3
330.9
221.6
92.3
17.0
351.7
239.0
96.1
16.6
346.9
233.3
97.2
16.4
359.9
245.4
98.2
16.3
378.9
263.S
99.3
16.1
24-6
50.9
26.8
31.7
28.2
52.2
30.7
27.8
33.8
22.2
29.9
24.2
31.S
42.8
30.2
47.5
31.4
38.3
30.0
40.0
32.3
57.8
18
19
144.7
20.4
124-3
159.6
21.9
137.7
178.2
21.6
156.6
203.S
23.S
180.0
216.8
24-5
192.3
213.3
23.4
189.9
221.8
27.4
19U
227.4
25.6
201.8
236.7
27.1
209.6
241.2
28.1
213.1
247.8
29.9
217.9
20
21
22
60.8
61.2
69.2
65.5
67.7
65.6
66.2
65.0
69.6
68.6
73.6
23
1.8
12.9
5.4
1.0
1.3
12.4
6.6
0.9
1.0
15.4
6.5
0.8
1.4
13.9
6.5
o.s
1.6
15.5
7.4
0.5
1.4
13.9
8.0
0.6
I.S
13.6
7.6
0.6
1.4
14-3
6.8
0.6
1.4
14-2
7.5
0.6
1.4
13.1
7.9
0.7
1.3
13.4
7.7
0.7
24
25
26
27
5.5
5.3
3.0
4.2
4-8
5.6
2.9
6.0
5.2
5.2
3.0
6.7
5.7
5.0
2.9
6.0
6.4
4-9
2.8
3.8
6.3
4-8
2.8
3.6
6.5
3.8
2.8
3.3
6.6
4-1
2.7
2.8
6.7
3.9
2.7
3.8
6.9
4.2
2.7
2.7
6.9
28
29
30
31
-0.2
1.2
10.6
10.2
-2.7
1.2
11.9
10.4
-1.2
2.1
12.3
12.3
-2.S
1.3
12.7
12.0
-3.5
1.5
13.1
13.7
-2.9
1.0
13.2
12.9
-2.7
0.7
13.3
15.3
-3.6
0.6
13.4
15.3
-I.I
0.7
13.5
15.6
-0.4
0.9
13.6
14.9
-0.4
2.9
13.7
17.3
32
33
34
44-3
48.8
46.4
41.4
37.2
29.5
28.4
21.4
28.S
15.9
21.1
36
u
2.7
3.1
35
87
Zl, September IS, 1997
L.205 Time and Savings Deposits
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
QI
Tellll hlllllll..
2
Small time and savings deposits
2835.9
2851.3
2915.0
2967.S
3034.1
JOBU
2350.7
2293.S
2223.2
2183.3
2279.7
2342.3
2340.1
2357.4
2376.8
2428.7
2435.3
2
1400.1
1471.3
8.S
10.2
IS48.6
IS29.9
ISS1.8
1613.0
1539.4
7.7
10.8
IS7S.I
ISS7.0
8.3
10.S
7.6
10.S
8.7
10.2
1666.1
1636.6
19.6
9.9
1683.8
1657.S
16.8
s
9.5
6
533.7
248.6
S12.6
SOI.I
485.1
251.2
261.5
266.5
7
8
767.6
196.S
Commercial banking
U.S.-cbarlered commercial banks
Foreign banking offices in U.S.
Banks in U.S.-affiliated 8ta8
14
Savinga illllitutiona
Credit uniona
IS
1,
Tellll-la
17
Houtebold seclnr
18
19
20
Nonf"mancial busineu
21
22
23
Slate and local govemments
Fedeial govemment
Rest of the world
24
F"mancial seclnra
Corpomte
Nonfann noncorpoiate
Q2
rT!U
Saving, illllitutiona
u,ge time deposits (I)
QI
294.S
Credit WUODI
9
Q4
2'1-U
7
8
10
II
12
13
Q3
1:TOB.7
6
s
Q2
28JU
Commercial banking
U.S.-cbarlered commercial banks
Foreign banking offices in U.S.
Banks in U.S.-affiliated aias
3
4
--1991--
1996
1995
1386.S
1367.S
11.0
8.1
1389.3
1369.6
11.2
8.S
1377.4
1358.7
10.4
8.2
1376.3
1358.0
9.3
9.0
692.2
212.0
624.0
221.8
S19.6
SS0.7
227.3
238.9
S43.0
250.7
251.8
S30.6
IS94.I
3
4
488.4
41S.2
391.7
411.2
476.9
493.6
SIi.i
SS7.6
S90.7
605.4
646.4
9
399.6
292.3
99.3
8.1
332.8
216.1
108.2
8.S
311.7
196.1
107.4
8.2
333.0
214.0
110.0
9.0
387.8
256.S
121.0
10.2
402.4
266.6
125.4
10.4
420.l
279.2
130.2
10.8
458.8
S04.7
!Sl.8
10.S
492.9
306.1
176.6
10.2
543.l
329.0
204.6
10
11
12
13
84.6
4.2
76.7
S.8
73.0
6.9
71.0
7.3
80.1
9.0
81.7
81.1
9.9
88.1
10.7
86.4
11.4
88.5
12.2
90.3
13.0
14
9.S
296.S
314.3
180.S
9.9
9.S
IS
28JU
1:TOB.7
2614.9
294.S
rT!U
283U
2851.3
2915.0
2967.S
3034.1
JOBU
1,
2423.7
2349.1
2236.0
2225.6
2376.2
2446.8
2462.0
2501.3
25S0.2
2603.8
2651.9
17
117.7
66.8
100.5
Sl.8
129.3
74.1
SS.2
133.5
62.7
70.8
147.5
74.S
73.0
141.2
67.1
74.1
133.1
58.4
74.7
128.7
53.4
48.7
135.6
65.9
69.7
139.7
67.8
S0.9
130.9
67.5
63.4
1S.3
18
19
20
S7.2
Sl.3
0.9
47.9
46.3
0.8
S2.3
1.6
49.0
67.3
1.0
52.4
S0.1
68.9
3.3
57.8
70.7
2.4
S6.3
62.2
0.9
49.6
66.9
4.3
S4.7
S6.0
70.6
2.4
58.4
70.0
3.3
60.1
21
22
23
190.0
IS9.I
147.7
128.8
132.0
134.9
127.7
136.2
147.1
165.7
167.7
24
s.o
3.7
27.0
10.5
3.0
25.6
9.4
1.3
16.7
11.0
I.I
17.1
10.0
1.0
19.1
9.7
1.0
17.9
9.4
1.4
17.6
9.1
1.4
16.4
8.9
1.4
19.0
8.8
1.3
18.5
8.8
25
26
27
77.4
6.0
34.6
69.0
8.7
31.9
62.9
44.2
4.2
40.3
4.4
36.5
S.5
47.2
4.2
31.4
S2.3
S6.6
S4.6
4.2
67.4
33.6
4.1
82.7
29.8
7.4
99.4
25.9
6.8
106.4
28
29
30
535.0
53,.5
559.6
602.,
745.l
llU
so,.s
838.1
8'1.1
950.8
"1A
485.3
80.S
4.2
499.6
81.8
4.3
S30.7
578.4
87.4
S6S.3
36.2
38.9
34.4
40.0
139.3
41.4
40.7
42.2
147.5
25
26
27
Savings illllitutiona
Credit WUODI
Bank penonal truata and ellllltes
IS.1
28
29
30
Private pemion funda
Slate and local govt. retirement funds
Moaey morltet mlllUai funds
99.5
26.7
8.1
35.1
0.7
719
(I) Large time deposits are those iuuecl inamollllll of $100,000 or more.
L.206 Money Market Mutual Fund Shares
Billions of dollars; levels, not seasonally adjusted
I
T--18
2
3
4
Houtebold seclnr
Nonfimncial corpomte business
Nonfann noncorpomte business
379.5
31.S
3.6
338.6
47.3
3.6
337.9
44.8
3.9
351.3
451.6
77.0
4.1
sos.o
4.0
s
Bank penoml truata and ellllltea
Life illlUJllnce companiea
Private pemion fund&
Funding oorpomiona
29.6
19.6
18.8
29.2
25.0
19.8
S2.4
7S.9
29.3
31.S
26.3
86.0
29.9
16.2
31.6
117.8
32.0
22.8
37.5
120.2
33.8
26.7
39.2
128.3
6
7
8
S2.2
79.9
4.1
30.S
39.3
133.4
84.2
4.3
4.4
44.0
44.7
42.6
149.2
89.1
4.4
2
3
4
<46.6
s
S0.9
6
7
8
44.0
IS2.I
88
ZI, September 15, 1997
L.207 Federal Funds and Security Repurchase Agreements
Billions of dollars; levels, not seasonally adjusted
1991
Tetal llabllllla
1992
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
355.8
3'9.9
471.1
549.A
6'0.1
"6.1
"2.1
687.6
"8.8
716.6
774.3
1
s
Commercial banking (net)
U.S.-cbarleffll commacial banks
Foreign banking offices in U.S.
Bank boldinil companies
229.6
192.6
38.4
-1.4
272.0
234.2
39.0
-1.2
313.5
279.6
34.7
-0.8
391.7
351.3
41.4
-0.9
422.2
379.6
43.2
-0.5
428.3
387.2
41.5
-0.4
450.1
397.1
53.4
-0.4
451.6
404.9
46.9
-0.3
463.3
408.3
SS.I
-0.2
480.3
421.3
S9.0
0.0
506.9
441.7
65.3
-0.1
2
3
4
s
6
7
8
Savings institutions
19.6
0.0
106.7
18.6
2.9
106.4
26.1
44.S
44.S
REITs
Broken and dealen (net)
126.4
9.7
103.4
10.9
182.4
45.1
11.2
181.5
50.0
11.5
180.4
46.5
12.0
177.6
43.7
12.5
179.3
45.6
12.9
177.8
45.9
13.4
208.1
6
7
8
1
2
3
4
s.o
40U
447.S
472.7
4'3.7
54'.2
544.4
542.9
561.2
563.7
605.8
624..0
10
11
12
Nonfmancial corpomlle buainess
S1a11e and local govemmen11
Rest of the world
1.6
118.4
20.9
5.1
123.1
41.7
2.5
133.7
58.6
2.2
118.6
46.6
2.4
91.7
67.6
2.4
81.6
72.5
4.2
76.7
76.4
4.6
80.2
76.5
3.8
89.8
70.9
3.6
96.9
83.9
S.I
102.7
83.2
10
II
12
13
Filllncial sectors
268.2
277.7
277.8
326.2
387.5
387.9
385.6
399.9
399.3
421.3
432.9
13
14
IS
16
Savings institutions
Cndit unions
IS.9
15.1
13.2
8.1
14.4
13.5
13.2
10.6
8.5
10.6
6.5
6.2
13.9
11.2
6.4
4.9
11.2
10.4
7.1
9.3
7.1
8.4
9.9
2.5
21.6
10.0
1.4
11.6
9.4
8.4
16.6
9.8
4.2
14
IS
16
17
18
19
Other inlunmce companies
Privalle pension funds
Slate and local govt. retirement funds
26.9
32.7
17.7
32.6
20.2
31.7
38.1
20.3
29.4
47.6
28.3
37.5
47.5
26.7
39.6
48.5
26.2
33.8
49.4
27.5
36.8
4!1.9
32.1
35.4
51.3
33.7
38.1
52.4
33.3
41.2
52.5
33.9
17
18
19
20
21
22
Money naibt mutual funds
Mutual funds
GovernmeDl-aponsoffll enllerpmes
67.0
12.2
67.6
65.9
21.9
66.6
66.4
38.7
50.3
68.8
43.1
85.8
87.8
50.2
106.3
96.7
46.4
104.0
98.2
4!1.8
103.4
100.7
56.1
103.5
103.8
47.5
94.5
119.0
53.0
96.1
113.6
S9.0
102.2
20
21
22
-53.3
-47.6
-1.6
SS.1
110.9
121.7
149.2
126.5
135.1
110.8
150.3
23
565.9
S7U
580.0
623.S
700.4
717.6
753.6
777.4
803.0
8'1.1
8'3.1
1
528.I
545.1
553.8
600.1
677.7
694.7
731.3
754.1
779.4
836.8
M7.7
2
98.5
81.8
107.1
77.7
117.8
68.7
139.2
41.4
157.4
55.0
174.2
51.5
181.7
53.4
173.0
64.8
156.4
65.8
168.7
67.9
179.3
69.8
3
4
360.4
20.4
46.9
14!1.2
0.9
142.9
367.2
25.6
51.6
14!1.1
0.6
140.4
419.4
31.6
63.9
171.6
0.0
152.3
465.4
30.1
101.2
168.6
0.0
165.4
469.0
30.6
110.2
168.2
0.0
160.0
496.2
34.4
114.8
169.6
0.0
177.4
516.3
33.2
127.0
173.1
0.0
183.0
557.I
32.0
146.7
177.6
0.0
200.8
600.2
31.8
158.1
185.3
0.0
225.0
618.6
34.4
163.3
193.8
0.0
227.1
5
6
7
8
9
10
'
23
Tetal-
Mone1111y alllbority
Diocnpam:y--umllocalled auets
34.S
'
L.208 Open Market Paper
Billions of dollars; levels, not seasonally adjusted
1
2
3
4
Telal_......,.tJpea
Commercial paper
Nonf'mancial corporalle business
Foreign ilaues in U.S.
5
6
7
8
9
10
Filllncial buaineu
Commercial banking
Filllnce companies
REIT•
Pllndq corpomlions
347.9
24.3
38.7
155.2
0.9
128.8
II
Bankers occep111DOeO (I)
37.8
33.9
26.3
23.4
22.6
22.9
22.2
23.3
23.6
24.3
25.4
II
565.9
579.0
580.0
623.S
700.4
717.6
753.6
777.4
803.0
8'1.1
12
33.3
14.7
9.0
11.3
29.9
17.0
14.1
12.9
45.5
19.4
17.9
18.8
46.7
18.8
22.3
24.9
59.9
19.9
26.9
43.4
61.2
17.2
27.4
31.0
63.9
20.5
28.0
42.3
73.2
23.0
28.4
47.5
82.6
30.7
29.1
54.5
94.5
25.8
29.7
46.9
""
104.4
27.1
30.4
54.3
13
14
15
16
0.0
9.2
0.6
3.0
22.8
0.0
7.3
0.3
2.2
19.5
0.0
5.8
0.1
2.1
23.0
0.0
5.7
0.2
0.6
23.3
0.0
6.1
0.2
0.3
23.2
0.0
4.9
0.2
0.3
23.1
0.0
4.4
0.2
0.2
22.9
0.0
6.5
0.3
0.3
22.9
0.0
3.2
0.0
0.2
22.9
0.0
3.1
0.0
0.4
23.0
17
18
19
20
21
12
ABSiuuen
Heldlnp,by-
13
14
IS
16
Ho111ebokl sector
Nonf'1111ncial corporalle business
17
18
19
20
21
Mone1ary alllbority
Commercial banking (I)
Savings inslitutions
Cmdit unions
Bank penonal t!llltS and estallea
0.0
10.6
1.3
2.6
25.2
22
23
24
Life iDllllallCO companies
Private pension funds
Slall0 and local govt. reliremeDI funds
45.8
32.7
17.7
43.2
34.5
20.2
46.9
38.1
20.3
52.8
47.6
28.3
45.5
47.5
26.7
54.2
48.5
26.2
56.6
4!1.4
27.5
54.6
4!1.9
32.1
48.4
51.3
33.7
55.3
52.4
33.3
57.9
52.5
36.1
22
23
24
25
26
27
28
29
Money market mutual funds
190.6
12.2
10.9
14.0
134.2
173.6
21.9
13.5
15.2
147.5
164.4
38.7
11.9
14.9
113.9
187.2
43.1
26.3
11.2
83.3
235.5
50.2
25.5
22.1
67.5
248.0
4!1.4
24.5
16.8
83.4
262.8
4!1.8
23.6
19.9
80.8
265.2
56.1
24.6
18.1
77.0
273.9
47.2
35.1
24.2
62.3
302.7
53.0
40.6
26.0
74.5
308.9
59.0
42.2
27.7
66.3
25
26
27
28
29
Slall0 and local govemmenll
Rest of the world
Mutual funds
Govemment-aponsoffll enterpriaes
Broken and dealen
Pllndq corpomlions
(I) Excludes banks' boldin8• of own occeplanceL
89
Z.l, September 15, 1997
L.209 Treasury Securities
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
2
3
.
5
6
7
Q2
Q3
Q4
--1997-Qi
Q2
Tetal llllbllllles
2757.8
3061.li
330'-9
3465.6
3'08.S
3'89.jj
~.s
Y105.7
YTS5.1
3803.S
Y134.3
1
Savings bonds
138.1
2619.7
157.3
2904.3
171.9
3138.0
179.9
3285.6
185.0
3423.5
185.8
3503.7
186.5
3479.1
186.8
3518.9
187.0
3568.1
186.5
3617.0
186.3
3547.9
2
3
2757.8
J06U
3309.9
3465.6
3'08.S
3'89-'
~.s
Y105.7
YTS5.1
3803.S
Y134.3
.
381.0
138.1
242.8
461.8
157.3
304.S
476.7
171.9
304.8
690.0
179.9
510.1
669.4
185.0
484.4
663.7
185.8
477.8
668.1
186.5
481.6
661.6
186.8
474.8
680.0
187.0
493.0
654.2
186.5
467.7
566.5
186.3
380.1
5
6
7
14.8
Other Tm,su,y issues
T--11
Household sector
Savings bonds
Other Tm,su,y issues
8
9
10
Nonfarm noncorpomle business
Nonfmancial corpomle business
S1a1e and local govemmenta
12.2
43.4
435.5
13.0
60.6
418.2
13.3
48.8
447.8
14.0
50.8
370.0
14.4
46.1
237.9
14.5
46.8
234.0
14.6
51.5
210.2
186.7
14.9
49.5
175.3
15.0
54.7
155.2
15.2
54.0
147.1
8
9
10
11
12
Rest of the world
Mone1a,:y alllbority
496.6
266.5
548.1
295.0
625.1
332.0
660.1
364.5
860.9
378.2
929.5
377.1
957.8
383.9
1026.6
383.9
1109.5
390.9
1180.6
395.1
1218.2
410.9
11
12
13
14
15
16
17
Commercial banking
U.S.-clmlered oominercial banks
Foreign banking offices in U.S.
Bank holding oompanies
Banks in U.S.-affiliated ateas
232.5
207.8
20.8
1.0
2.8
294.4
254.3
29.6
6.1
4.3
322.2
275.0
36.1
5.3
5.8
290.4
248.0
32.7
4.6
5.1
278.7
207.6
62.3
3.4
5.4
284.0
208.4
67.8
2.8
5.1
280.2
200.1
72.0
2.8
5.3
275.0
195.2
71.9
3.3
4.7
261.6
173.0
80.7
4.0
4.0
282.4
180.2
94.0
3.6
4.6
265.7
172.4
85.8
2.9
4.6
13
14
15
16
17
18
19
20
Savings institutions
Credit unions
Bank penoml trusts and e11a1e1
25.0
14.1
40.9
34.0
19.9
28.2
22.6
40.4
18.4
18.3
36.5
18.8
19.3
36.7
19.5
19.1
37.4
17.7
18.2
38.4
17.4
17.4
39.4
17.0
16.9
40.l
27.1
22.1
39.8
40.4
16.3
16.1
40.3
18
19
20
21
22
23
77.8
104.0
212.6
147.5
88.8
110.0
124.5
239.6
161.4
107.1
133.0
249.6
170.2
108.1
133.4
267.8
178.6
105.8
133.6
272.0
184.4
100.7
128.8
274.0
192.9
101.8
125.0
276.0
189.7
188.4
93.2
121.1
279.4
192.8
88.4
108.7
223.9
144.5
93.2
120.9
276.7
24
life illllllBDOO oompanies
Other in111111- oompaniel
Private pension funda
S1ale and local govt retirement funds
115.0
282.6
190.3
21
22
23
24
25
26
27
28
29
Money amket mutual funda
Mutual funda
Cloaed-end funda
Govemment-oponaored ellletprites
Bmbrs and dealen
78.3
133.5
10.0
79.4
200.9
13.7
51.6
-28.3
66.1
194.1
7.4
51.9
-42.7
70.0
205.3
10.4
58.0
18.3
85.7
213.4
10.9
54.2
5.2
80.6
214.6
11.2
40.8
5.7
78.4
169.5
11.6
58.7
-7.7
-14.1
83.6
213.5
11.5
34.4
-4.0
90.2
214.2
11.6
18.8
-14.7
82.2
217.3
11.6
19.1
-24.6
74.8
222.0
11.5
23.4
-23.9
25
26
27
28
29
2776.4
3080.3
3336.5
3492.3
3636.7
3717.2
3693.8
3733.1
3781.8
3829.8
3760.6
30
34.5
SI.I
Memo:
30
Fedel8l govemment debt (I)
(I) Tola! Treasu,y oecurities (IBble L.209, line I) plus budget agency oecurities (lable L.210, line 2) and fedeml mortgage debt (lable L217, line 12).
90
ZI, September 15, 1997
L.210 Agency Securities (1)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1
2
3
4
s
6
7
8
Te«al llalllilia
Budget agencies
Govemment-spomored entapriaes
Fedemlly relaled mortgage pools
Te«al-
Ho111ebold IOCIDf
Nonfmancial c:orpomo business
S1a11o and local govemments
--1991--
1996
QI
Q2
Q3
Q4
QI
Q2
1517.9
1734.0
1'°7.0
21'9.S
2A05.0
2441.7
2517.6
2572.S
2634.9
2'61.0
2732'
18.6
402.9
1156.5
18.8
443.1
1272.0
26.6
523.7
1356.8
26.7
700.6
1472.1
28.2
806.5
1570.3
27.6
814.4
1599.7
28.2
846.1
1643.3
27.4
866.1
1679.0
26.6
896.9
1711.4
26.3
894.7
1740.0
26.3
944.2
1762.1
2
3
4
1517.9
1734.0
1'°7.0
2199.S
2405.0
2441.7
2517.6
2572.5
2634.9
2'61.0
2732.li
s
124.1
5.1
162.7
153.7
8.6
174.9
116.3
19.1
175.0
275.5
19.9
186.6
240.5
18.9
223.8
232.6
17.0
226.5
269.1
20.7
251.2
304.2
23.2
234.0
309.8
27.4
224.0
331.8
19.5
214.5
346.6
18.9
220.6
6
7
8
0.0
62.4
6.0
0.0
80.6
5.4
0.0
116.4
4.6
0.0
136.4
3.6
0.0
167.2
2.6
0.0
181.6
2.5
0.0
188.6
2.4
0.0
201.9
2.3
0.0
215.6
2.2
0.0
223.7
2.0
0.0
234.0
1.5
9
10
11
9
10
II
Fedemlgovemment
Rest of Ibo world
Mone1a!y alllbority
12
13
14
15
16
Commetcial banking
U.S.-clmlered collllllffllial banb
Fomgn banking offioes in U.S.
Bank holding companies
Banks in U.S.-affilialod .,,,...
335.7
321.2
11.2
2.4
1.0
378.5
360.1
14.1
2.2
2.1
423.2
396.3
21.5
3.1
2.3
428.7
398.1
23.0
4.8
2.8
467.5
421.5
37.3
4.7
4.0
471.3
423.4
39.1
4.7
4.0
473.7
424.7
40.5
4.8
3.7
475.9
423.6
43.4
4.7
4.2
4115.7
436.7
411.7
4.9
4.3
510.3
446.0
54.7
4.6
5.1
523.9
455.3
57.5
5.2
5.9
12
13
14
15
16
17
18
19
Savings imlituliom
Credit unions
Bank penollli truaU and HIBIOI
145.0
19.6
32.6
143.0
28.7
31.8
147.3
36.3
32.7
159.9
40.9
32.2
164.6
45.7
30.2
163.8
47.9
30.3
165.1
50.1
30.7
160.3
50.2
31.3
156.1
50.7
31.8
156.1
51.5
32.4
159.6
51.3
34.2
17
18
19
20
21
22
23
Ufe in1manoe companies
Otbor ins,nnoe companies
Private pension funds
S1al0 and local govt. retiremont funds
164.2
42.1
97.8
84.6
193.0
42.6
102.9
71.8
222.8
110.9
67.1
234.1
45.8
115.2
75.1
242.9
48.2
125.4
92.7
239.1
48.3
127.9
97.3
234.6
47.7
129.0
99.2
242.4
48.1
129.9
100.9
244.1
51.0
129.9
103.3
243.1
51.1
131.5
104.2
245.3
54.2
133.3
108.7
20
21
22
23
24
25
26
27
28
Money marlcet m.-1 funds
Mlllllal funds
40.6
67.1
34.7
99.3
54.0
54.3
87.9
47.0
76.3
53.0
67.8
105.7
65.3
91.2
60.8
77.2
102.1
128.4
92.8
45.0
90.8
109.9
185.8
94.4
54.0
96.2
115.5
199.8
94.0
50.0
89.6
116.4
212.0
89.2
48.2
94.6
115.6
225.9
85.6
46.5
101.8
116.1
245.4
75.0
55.2
92.1
118.2
260.1
65.2
53.8
93.3
121.5
271.6
60.5
53.7
24
25
26
27
28
Govemment-spomored elllOrpriles
ABSiuuerl
Broun and dealers
44.5
(I) AFf'C'/ oocumia inclme: i11U01offaionl ~agencies (line 2) 1irllu those for the TVA; ill..,.of g o ~ opomo...temerprises (line 3) sirllas FNMA aodFHLB;
aad r.demlly nolaR<I mortgage-lacbd oecuritie1 illuocl by ONMA, FNMA, PHI.MC, aad the Fannen Homo Admmstiation (line 4). Only the budget agency issues are comide...t
officially to be part of the tOllll debt of the federal government, which is shown in table L209, line 30.
91
Z.l, September 15, 1997
L.211 Municipal Securities and Loans
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
2
3
4
5
6
7
Q3
Q4
--1997-QI
Q2
1272.2
1302.8
1m.s
1341.7
1293.5
12'0.3
12".l
1279.8
1294.8
12'8.8
131S.5
Slate and local govemments
Short·lmn (I)
Long-tenn
1068.4
33.1
1035.3
1089.7
32.0
1057.6
1152.6
33.8
1118.7
1107.2
31.7
1075.6
1065.8
32.9
1032.9
1066.9
33.2
1033.7
1074.8
30.9
1043.9
1062.6
34.1
1028.6
1080.3
37.9
1042.4
1088.7
39.0
1049.7
1107.6
36.4
1071.2
2
3
4
Nonprofit oipnizations (2)
89.9
114.0
99.1
114.0
Ill.I
113.9
125.6
108.8
131.4
96.3
132.4
91.0
133.4
87.9
134.4
82.7
135.7
78.8
136.7
73.4
137.5
70.4
5
6
1272.2
1302.8
1m.s
1341.7
12'3.5
12'0.3
12".l
1279.8
1294.8
12'8.8
1315.5
7
T-lialJillllea
•
Q2
Nonf'mancial corporate business
(induabial revenue bonds)
T--19
8
9
10
Houaebold aecll>r
Nonf'mancial corporate business
Slate and local govemments
614.1
44.8
11.6
585.6
45.8
10.5
S56.8
S4.7
9.5
500.8
56.7
8.6
442.4
55.4
8.1
429.0
52.4
8.1
430.0
SS.9
8.0
410.7
54.0
8.0
411.5
47.8
7.9
401.4
48.6
7.9
410.5
50.6
7.9
8
9
10
11
12
13
Commercial banking
Savings institutions
Bank penoml lNlts and eSIBIIOS
103.2
2.4
89.9
97.5
2.1
96.0
99.2
2.1
108.9
97.6
2.0
114.2
93.4
2.0
103.1
93.0
2.0
102.3
92.7
2.0
102.6
92.7
2.1
103.3
94.2
2.1
103.7
94.0
1.9
104.1
94.3
2.0
104.4
II
12
13
14
IS
16
17
Life insumnce companies
Othor insumnce companies
Private pension funds
S1B1IO and local govt. retimnent funds
10.2
126.8
0.5
0.4
11.4
134.3
0.5
0.5
14.7
146.1
0.6
0.7
12.8
153.8
0.6
0.4
11.9
161.0
0.7
0.5
12.3
163.0
0.7
0.4
12.1
167.0
0.7
0.4
12.4
168.2
0.7
0.6
13.4
175.4
0.7
0.6
13.5
17S.7
0.7
0.5
14.8
180.1
0.7
0.5
14
15
16
17
18
19
20
Money ll'.IBIUt mutual funda
Mutual funda
Closed~nd funda
90.6
139.7
25.4
96.0
168.4
39.7
105.6
211.3
47.6
113.4
207.0
54.9
127.7
210.2
59.9
141.0
212.1
61.1
136.7
212.6
62.4
138.6
213.0
63.6
144.5
213.3
64.8
15S.7
214.2
66.0
151.8
215.0
67.2
18
19
20
21
22
Govemment-sponsored elllerpriles
Broken and dealers
3.0
9.4
3.2
11.3
2.6
17.1
3.4
IS.5
4.4
12.7
3.9
8.9
4.2
8.8
4.1
7.9
4.1
10.8
4.4
10.0
3.9
11.7
21
22
(I) Debt with originol lDlturity of 13 mcmbo or le11.
(2) Liability of the bomebolds am mnpmfir orpnizatiom aector (tables F.100 am L 100).
L.212 Corporate and Foreign Bonds
Billions of dollars; levels, not seasonally adjusted
T-llallilllea
2
3
Nonf'mancial corporate business
Restoftht, world (I)
4
5
6
Financial aecton
7
8
9
10
11
,.
12
Commercial banking
Savings institutions
ABSiuuen
Finance companies
RErrs
Broken am dealers
f'undiD8 corporations
T--19
13
14
15
Houaebold aecll>r
S1B11e and local govemments
Rest of 1hr, world (2)
16
17
18
Commercial banking
19
20
21
22
Life insumnce companies
Othor insumnce companies
Private pension funda
Slate and local govt. retimnent funds
23
24
25
Closed~nd funds
26
27
28
Savings institutions
Bank penoml tnllts and e1111111es
Money ll'.IBIUt mutual funds
Mutual funds
Govemment-sponaored enllOrprises
Broken and dealers
f'undiD8 corporations
( 1) Holdmgs of foreign it11ues by U.S. reaidenu.
(2) Holdmgs of U.S. i11ues by foreign reaidenu.
1870.Ai
2046.8
2327.Ai
24111.2
2793.0
2853.8
2'31.3
2'85.7
3066.0
308U
3157.5
1086.9
130.4
1154.S
147.2
1229.7
230.1
1253.0
242.3
1326.3
291.9
1341.5
303.8
1359.4
306.7
1376.4
321.7
1398.8
341.3
1418.7
344.1
1440.2
351.5
2
3
653.3
113.2
8.6
745.1
127.6
5.5
867.9
134.9
3,9
985.9
142.6
3.1
1174.7
161.1
3.1
1208.5
155.9
2.9
1265.2
161.6
3.1
1287.6
164.2
2.7
1325.8
168.9
2.7
1319.9
171.9
2.6
1365.8
181.5
2.3
4
5
6
300.2
194.6
3.0
19.0
14.7
355.7
204.3
4.0
21.7
26.4
433.8
217.3
4.3
33.7
40.0
490.2
249.5
6.3
34.3
60.0
585.8
302.7
8.3
29.3
84.4
607.1
310.3
8.8
21.4
102.2
641.9
319.0
9.4
24.6
105.6
654.4
322.3
10.2
26.1
107.7
672.8
332.5
11.2
27.3
110.5
670.9
324.4
11.7
26.6
111.6
686.2
344.9
12.7
37.2
101.0
7
B
9
10
11
1870.Ai
2046.8
2327.Ai
24111.2
2793.0
2853.8
2'31.3
2'85.7
3066.0
308U
3157.5
12
288.9
18.0
233.4
284.4
20.9
251.5
325.1
26.5
273.3
326.6
31.9
311.4
381.0
37.0
369.5
381.8
36.6
388.0
403.3
36.8
406.9
388.3
36.9
429.0
371.5
37.2
447.7
309.8
37.7
469.3
315.0
38.3
489.5
13
14
IS
96.3
72.7
30.7
94.7
80.0
36.8
98.2
89.1
35.8
102.5
86.7
35.3
110.9
78.5
32.2
109.7
79.9
31.9
110.4
78.1
31.8
110.7
76.3
31.8
112.3
68.6
31.8
119.0
67.9
31.7
122.7
67.2
31.6
16
17
18
595.1
97.2
162.5
129.3
653.9
97.8
185.6
148.9
719.5
103.1
207.8
159.3
779.4
110.1
230.5
165.0
870.1
123.3
264.3
162.2
879.6
124.7
273.4
167.4
885.5
133.6
280.4
168.6
909.7
139.4
287.1
166.5
949.3
140.6
292.2
168.5
966.6
140.8
300.7
174.8
984.2
142.2
309.7
176.4
19
20
21
22
3.8
87.7
14.1
6.3
118.7
16.3
11.7
169.3
20.8
15.2
172.4
16.3
21.5
195.7
21.7
24.6
205.5
22.7
25.0
215.6
23.6
24.6
220.2
24.4
23.9
229.5
24.9
26.4
235.4
25.3
27.7
247.3
25.6
23
24
25
0.0
40.9
0.0
0.0
50.9
0.0
11.1
73.0
4.0
19.5
64.4
14.0
25.0
76.4
23.8
23.1
75.3
29.8
20.2
75.3
36.0
19.5
78.6
42.8
30.6
90.9
46.5
29.8
97.9
49.6
29.8
99.7
50.6
26
27
28
92
Zl, September IS, 1997
L.213 Corporate Equities (1)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
199S
1996
QI
1
1 - al narket ......
Q2
Q3
Q4
--1997-QI
Q2
<41166.0
54511.3
6257.6
6237!1
8331.3
8809.7
9105.0
9340.S
10061.1
10072.3
11719.8
2
Nonfimmcial corporate business
3497.0
3827.9
4126.0
4141.8
S481.l
S774.3
S99S.3
6027.8
6367.4
6283.4
7286.1
2
3
4
Rest of tho world (2)
Financial oorpomtions
279.0
1090.1
314.3
1316.1
543.9
1S87.7
S86.6
1509.4
699.1
21Sl.2
741.0
2294.3
785.5
2324.3
832.6
2480.1
87S.5
2818.3
901.2
2887.7
1059.5
3374.2
3
4
4866.0
54511.3
6257.6
6237!1
8331.3
8809.7
9105.0
9340.S
10061.1
10072.3
11719.8
s
2511.9
6.3
299.0
2923.2
7.8
329.2
3216.6
9.3
373.5
3059.9
10.6
368.9
4086.1
12.2
509.0
4263.0
12.7
S44.2
4349.6
13.0
565.1
439S.3
13.1
S76.7
4651.3
13.6
623.0
4553.1
13.8
639.5
S377.7
14.3
764.6
6
7
8
3.8
10.3
234.2
3.4
11.2
216.9
4.3
12.5
181.0
2.9
10.4
167.3
5.0
14.3
202.9
5.2
lS.9
208.7
S.6
16.1
208.6
6.1
16.4
208.3
6.8
17.9
219.0
2.3
lS.4
218.8
1.9
12.8
243.1
9
10
11
s
Heidi... et martiet ......
6
Ho-bold aeclDr
1
8
Stale and local govemmenlB
9
10
11
Rest of tho world (3)
Commen:ial banking
S.vinga instiNtions
Bank penoml trusts and estates
Life i1181118nce companies
12
13
14
15
Other ins11111nce companies
Private pension funds
Stale and local govt retimnent funds
155.9
94.1
747.4
392.4
174.2
97.3
807.8
447.4
226.0
103.4
937.7
533.9
272.2
112.1
936.8
S34.9
344.2
144.8
1174.2
744.2
361.5
153.3
1228.7
802.5
380.9
137.3
1272.7
824.7
398.9
137.9
1322.8
864.9
437.5
148.6
1441.4
9S4.4
454.5
ISl.3
1448.5
980.0
464.3
154.0
1643.9
!IS3.3
12
13
14
IS
16
17
18
MU!Ual funds
Cloaed-end funds
Broken and dealers
308.9
21.8
14.3
401.3
23.8
14.8
6<11.4
27.6
24.2
709.6
32.2
20.1
1024.9
35.3
34.2
1149.6
36.2
28.2
1263.0
36.5
31.9
1334.1
36.9
29.1
1470.0
39.8
37.9
IS14.7
41.1
39.3
1804.8
41.0
44.0
16
17
18
4453.2
5004.7
S5S4.l
S484.0
7413.0
7845.8
8108.2
8297.9
8952.6
8937.2
10419.3
19
Memo:
19
Market value of domestic corpomtions (4)
(1) E>cludes mllUII fund 1buu 1hownon table L.214.
(2) Holdinp of fon:ign isauea by U.S. iaidenu; includes American Depolitary Receipu (ADRI).
(3) Holdinp of U.S. PIUOI by fon:ign iaidem.
(4) Sum of 1iDoa 2 and 41u1 tbe 1umofliDe1 9, 13, 17, 18; line 1 e>cludes interoorporale holdings of nonfinan:ial corporatiom.
L.214 Mutual Fund Shares
Billions of dollars; levels, not seasonally adjusted
1
sa.ra.a...w . . .
769.S
992.S
1375.A
1477.3
1852JI
1"7.0
212U
2211.6
2342.4
2411.S
2731.1
2
H...... .anmut..iue
7'9.S
992.S
1375.A
1477.3
1852JI
1"7.0
212U
2211.6
2342.4
2411.S
2731.1
2
S86.6
14.8
9.4
727.9
21.1
14.9
990.9
29.8
21.3
1047.4
31.1
29.1
1247.8
45.7
35.0
13S0.9
49.3
35.8
1449.4
51.4
36.0
1507.4
53.4
36.5
1582.9
58.6
37.0
1619.3
62.1
37.6
1827.4
73.1
38.2
3
4
5
3.4
4.1
128.1
3.9
4.2
183.5
2.0
2.6
200.4
2.3
2.8
253.5
2.5
2.9
272.7
2.3
2.9
285.8
2.2
2.7
296.9
2.6
2.6
322.8
7.1
2.4
334.2
8.3
2.2
381.6
6
Bank penoml trusts and estates
3.7
2.6
93.6
Life i1181118nce companies
Private pension funds
8.6
S0.2
18.2
74.9
25.9
116.0
9.6
ISS.l
27.7
237.9
31.0
252.0
33.8
268.3
36.5
275.9
40.0
295.9
41.1
3<Y1.1
42.2
358.1
9
10
3
4
5
6
7
8
9
10
Ho-bold aec1Dr
Nonf1111ncial oorpomle business
Stale and local govemmenlB
Comme!Cial banking
Credit unions
1
8
.
93
Z. l, September I 5, 1997
L.215 Bank Loans Not Elsewhere Classified
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
--1991--
1996
QI
Q2
Q3
Q4
QI
Q2
Tetal..._1,y .........,,1,,1
1
2
3
4
5
'
......_ ....rt\nb..,.
-1.DaN elsewlwre clas,jfied:
Open market paper
Moff8"8••
QilllUDIIOrcredit
Security credit
- a....,._ ............ n.e.c.
2097.0
2139.8
2223.S
2407.1
2'46.9
'l457.8
2703.7
2751.7
2821.S
1SST.9
2'50.7
10.6
881.3
372.4
46.8
9.2
900.S
7.3
947.8
399.7
100.7
5.8
1012.7
462.9
94.9
5.7
1090.2
507.8
6.1
10!17.4
4R7.7
96.8
4.9
110!1.8
505.7
91.9
4.4
1123.2
517.1
85.7
6.S
1145.3
529.4
100.8
3.2
1159.2
511.S
107.0
3.1
1196.3
517.0
115.3
77U
7'8.0
IJ0.8
H3JI
t!!lt.7
'91.4
1021.3
1039.S
107U
1118.9
567.0
195.7
3.7
10.2
574.4
182.0
1.9
9.7
620.4
197.2
1.8
11.3
695.8
232.6
2.3
13.1
706.S
725.9
237.7
1.9
13.7
24R.4
742.9
261.8
2.1
757.1
264.8
820.2
281.2
2.0
15.4
7
8
9
JO
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
11
785.9
77U
7'8.0
830.8
'43.8
t!!lt.7
'91.4
1021.3
1039.S
107U
1118.9
12
785.9
77U
7'8.0
IJ0.8
'43.8
t!!lt.7
'91.4
1021.3
103'.S
107U
1118.9
13
699.6
705.4
781.9
890.7
901.2
921.S
957.2
969.7
1005.6
1044.7
14
15.0
23.4
477.6
143.0
4R.9
583.7
182.7
39.7
45.8
593.2
51.9
600.8
36.8
35.9
521.0
160.2
38.7
187.8
37.6
II
+ Loans from FedemJ Reaei:ve banks
12
- Total lank leanl IU.C.
13
Totallilllllldeo
70!1.7
15
16
17
18
Ho-bolds
Corpomie business
Nonfmm noncorporale business
Fann business
19
20
21
22
Rat of the world
Foreign official illllitutiona
forei8n banks
Olberfomgn
23
24
25
26
27
Financial oectors
S.vqa illllitutions
Finance companies
Moff8"8e companies
REtfs
99.S
785.9
U.S.-chaneml commercial banks
forei8n bmking offices in U.S.
Bank holding companies
Banks in U.S.-affiliall!d aieas
Nonfimncial oectors
88.0
586.7
185.8
3.4
10.0
7
8
9
10
14
365.S
2
3
4
5
10.8
S07.7
135.0
34.6
488.4
137.7
34.7
2.0
14.2
14.5
2.S
15.1
787.4
271.2
2.1
16.2
0.0
0.0
0.0
'
52.2
41}.5
54.5
65.S
193.3
40.9
622.6
199.1
41.S
632.0
204.1
40.4
658.7
210.7
38.3
673.8
216.S
42.6
15
16
17
18
43.S
46.2
2.0
13.S
30.7
19
20
21
22
21.6
2.4
6.9
12.3
23.9
3.3
7.6
13.0
24.6
2.4
8.8
13.S
26.1
2.2
8.8
15.2
34.6
2.6
10.9
21.1
36.8
2.2
12.2
22.4
40.S
3.3
13.1
24.1
41.7
3.2
12.7
25.8
43.7
2.9
14.3
26.S
2.0
13.7
27.8
76.2
77.0
62.6
48.9
53.1
58.6
63.9
64.2
69.8
71.3
74.3
23
8.9
40.1
22.2
5.0
8.9
34.1
30.2
3.7
8.4
20.4
30.2
3.6
9.3
14.8
18.7
6.0
14.6
15.3
19.1
4.2
15.2
15.4
24.1
3.8
14.8
17.7
28.1
3.4
14.5
18.3
15.9
19.7
31.S
2.7
17.0
18.4
33.0
2.9
16.7
18.9
35.S
3.1
24
25
26
27
28.S
2.8
94
ZI, September IS, 1997
L.216 Other Loans and Advances
Billions of dollars; levels, not seasonally adjusted
1991
2
3
4
5
6
7
8
9
10
11
1992
1993
1994
1995
1996
QI
Q2
Q3
Q4
"""
T-ethor..._and _ _
7'11.2
IIOS.9
IIOS.3
865.3
nu
923.0
MU
960.3
U.S.pTernmo,...._
148.8
148.8
146.0
135.9
128.0
119.4
21.6
7.9
40.1
9.5
9.9
55.1
4.8
20.3
8.1
40.7
8.7
9.2
54.1
4.8
17.0
8.6
42.1
7.1
8.2
52.9
0.0
11.5
9.3
43.9
4.6
6.7
52.1
0.0
125.3
9.8
9.5
44.3
3.8
6.2
51.1
0.0
122.t
20.8
7.9
40.4
9.8
10.0
55.0
4.8
7.9
9.6
44.7
3.0
5.8
52.0
0.0
5.8
9.8
45.0
2.1
5.3
51.4
0.0
125.1
12U
114.2
122.1
122.1
12'.4
12'.5
125.1
129.9
114.2
122.1
122.1
126.4
126.5
35.3
23.3
12.0
31.7
20.4
11.3
25.3
17.1
8.2
22.t
15.0
7.9
22.3
14.2
8.2
22.6
13.7
8.9
Uab.: HoU&ebold aecror
Nonfuancial c:orpomlr business
Nonfann nonc:orpomtr businns
Fann busineu
S1a1r and local govemmen18
Rest of the world
Govemmmt-sponaored enlerprise•
Fenlp .... toU.S . ....,...ie........_
Uab.: Nonfinancial corpomtr buaineu
~
--1997-QI
Q2
"5.3
ffl.4
115.7
3.4
9.9
45.4
I.I
4.8
51.0
0.0
113.8
nu
2
3.0
10.0
45.8
0.2
4.3
50.6
0.0
2.1
10.1
-16.1
-0.9
3.7
50.5
0.0
3
4
5
6
7
8
9
13'.5
12'.l
130.3
12U
10
139.5
126.1
130.3
129.9
11
22.1
13.1
9.0
23.1
13.5
9.5
23.4
13.4
9.9
23.,
13.5
10.3
24.J
14.1
10.8
12
13
14
14.4
7.2
7.2
16.o
8.0
8.0
15.7
7.9
7.9
16.1
8.1
8.1
16.5
8.3
8.3
15
18
11111111t,. ... ...,.,..._.
12
13
14
I.lab.: Nonfinancial corpomtr buaineu
Rest of the world
15
16
17
S.Tlnp lllltltutiln ....
Uab.: Nonfinancial corpomtr busineu
Nonfann DODOOrpotatr businns
19.3
9.7
9.7
12.4
6.2
6.2
10.8
5.4
5.4
10.3
5.1
5.1
12.8
6.4
6.4
13.9
6.9
6.9
18
19
20
, .•..,. ..._ (11....i.ld lillblllt1)
Auel: Federal government
67.3
1.0
66.4
73.0
0.9
72.1
78.6
0.9
77.7
86.4
'"'
'8.7
,,.,
0.9
95.9
0.9
97.8
0.9
99.0
102.J
1.0
101.9
101.4
1.0
100.5
102.J
1.0
101.9
105.3
1.0
104.3
21
22
23
24
25
26
27
28
Ge-....,...-edemrpri,e..._
131.8
22.0
11.5
11.2
9.3
77.8
0.0
0.0
135.5
24.9
12.6
11.4
12.5
74.0
0.0
0.0
1'2.0
27.6
13.9
11.6
21.2
87.3
0.2
0.2
189.1
200.3
35.2
16.4
13.8
36.7
97.4
0.4
0.5
1,,.8
34.7
17.8
13.7
32.4
99.7
0.4
I.I
213.0
35.4
16.9
14.9
33.8
110.5
0.3
1.2
220.1
34.6
16.1
15.2
35.1
117.7
0.4
1.1
229.1
223.3
33.4
15.1
16.6
38.2
117.8
0.4
1.8
2311.3
31.3
13.9
12.4
30.5
100.0
0.5
0.6
31.0
16.0
16.5
45.7
126.9
0.4
1.8
21
22
23
24
25
26
27
28
.......... (bank-t)
le....._
Life inaumnce companies
I.lab.: Houoebold aector (SLMA)
Noncorporale busineu (FCS)
Fann busineu (FCS)
Commm:ial benb (FHI..B and SLMA)
Savings illllitutiona (FHLB and SI.MA)
Credit unions (FHLB)
Life inaumnce companie1 (FHLB)
0.9
85.5
35.3
15.1
16.5
37.7
122.4
0.4
1.6
16
17
19
20
2'
Securttbod ..._ held bJ ABS....,
6.8
,.1
32.7
2.5
30.2
39.6
4.0
35.6
5.0
33.0
43.7
6.0
37.7
2'
0.0
9.7
30.6
1.0
29.6
41.3
0.0
6.8
23.7
0.0
23.7
3'-'
Uab.: Houoebolda (I)
Nonfinancial c:orpotale busineu
1,.s
0.0
19.5
38.0
30
31
6.6
33.2
7.1
34.2
30
31
32
n-........,. ..... ......_
2'3.8
2'4-'
249.0
238.4
26.5
224.1
24.9
303.5
273.2
30.4
305.7
275.1
30.6
301.4
271.3
30.1
30,.S
278.5
30.9
315.2
283.7
31.5
311.7
280.5
31.2
32
237.4
26.4
274.J
247.4
27.5
JOU
Uab.: Nonfinancial corpomtr buaineu
Nonfann noncorpomte businns
33
34
(I) Student loans.
271.4
30.2
33
34
95
Zl, September 15, 1997
L.217 Total Mortgages
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
T.... ...,.._
.
.
Q2
Q3
Q4
--1997-QI
Q2
3'56.1
4G88.2
42'1.2
~2.8
4"1.8
4770.5
4861.4
e.40.7
5022.4
5080.2
!1'2.A
2849.4
284.2
743.2
79.2
3038.5
273.7
696.2
79.7
3225.0
270.4
685.0
80.7
3424.0
275.3
680.5
83.0
3616.4
287.6
703.2
84.6
3682.3
291.9
711.4
85.0
3719.7
301.1
754.5
86.2
3792.4
305.1
756.5
86.7
3850.6
313.0
771.7
87.1
3898.0
315.6
778.9
87.6
3956.0
322.0
795.7
88.8
s
3'56.1
4G88.2
42'1.2
~2.8
4"1.8
4770.5
4861.4
e.40.7
5022.4
5080.2
!162.A
6
Houoebold oeclor
2749.5
2917.5
3079.6
3265.8
3455.6
3525.0
3564.l
3636.4
3698.5
3744.0
3801.4
7
8
9
10
11
Nonf'1Dancial buainoas
Corpomte
Nonflffll DODCOrpomte
Fann
1201.8
215.3
907.3
79.2
1165.3
193.4
892.2
79.7
1172.6
201.2
890.7
80.7
1178.3
223.5
871.9
83.0
1211.6
259.2
867.9
84.6
1219.0
263.0
871.1
85.0
1268.l
306.6
875.3
86.2
1271.9
308.9
876.2
86.7
1287.9
313.6
887.2
87.1
1296.2
315.5
893.1
87.6
1317.5
324.5
904.2
88.8
8
9
10
11
12
13
Fedetal govemmont
REif•
o.o
0.0
5.4
o.o
4.8
8.9
0.0
18.7
0.0
24.6
0.0
26.S
0.0
29.2
0.0
32.4
0.0
36.0
0.0
40.0
0.0
43.5
12
13
3'56.1
4088.2
42'1.2
~2.8
4"1.8
4770.5
4861.4
""40.7
5022.4
5080.2
!162.A
14
2
3
4
s
'
7
14
Home
Multifamily i:eaidential
Commorcial
Fann
Tola! llabllldes
T.... _
..
2
3
4
IS
16
17
Houoebold oector
Nonf'1Dancial corporate business
Nonf11111110DCOrporate business
153.3
59.0
26.0
159.4
60.0
25.2
182.0
52.3
23.7
189.5
56.4
23.6
198.6
61.S
23.5
201.8
63.5
23.5
206.1
65.0
23.5
209.5
67.0
23.4
213.3
69.0
23.4
216.1
71.0
23.4
218.4
73.0
23.4
IS
16
17
18
19
Slate and local govemmetlll
Fedetal govemment
113.7
98.3
113.7
87.9
108.3
87.7
110.5
75.3
113.8
62.7
114.3
60.3
114.9
59.2
115.9
56.5
117.6
54.1
118.3
51.3
119.5
50.3
18
19
20
21
22
23
Commercial banki"8
Savings institutions (I)
Credit uniono
BIiii< penonol busts and estates
881.3
705.4
52.8
4.0
900.S
628.0
56.1
3.9
947.8
598.4
56.0
3.6
1012.7
596.2
62.1
3.4
1090.2
596.8
66.S
3.9
1097.4
602.6
68.0
3.8
1109.8
611.7
71.3
3.7
1123.2
628.0
73.1
3.6
1145.3
628.3
76.0
3.6
1159.2
627.6
77.1
3.7
1196.3
629.0
79.9
3.8
20
21
22
23
24
25
26
27
Life i11111111nce companies
Other inoumnce companies
Private pension funds
Slate and local govt i:etiiement funds
259.5
6.S
18.2
16.9
242.0
5.9
14.5
16.S
224.4
4.5
14.5
14.5
210.9
3.8
15.7
15.2
207.5
2.8
16.7
15.9
207.4
2.6
17.2
16.1
208.2
2.6
17.5
16.3
204.1
2.5
17.8
16.S
205.4
2.4
18.0
16.7
206.5
2.5
18.4
16.9
206.5
2.6
18.9
17.2
24
25
26
27
28
29
30
Govemment-sponoored enterpriles (I)
Federally i:elalod moll888• pools
ABSiuuen
167.7
1156.5
106.4
199.7
1272.0
168.6
241.0
1356.8
213.9
244.6
1472.1
254.2
249.0
1570.3
291.2
250.5
1599.7
305.2
251.3
1643.3
320.1
250.6
1679.0
329.4
250.7
1711.4
344.9
247.2
1740.0
359.4
245.5
1762.1
372.3
28
29
30
31
32
33
Flmnce companies
Mo!l888• companies
REif•
63.3
60.3
7.0
65.8
60.S
8.1
62.7
60.4
8.6
66.9
36.5
13.3
72.4
33.0
15.5
74.3
46.0
16.3
80.4
39.3
17.2
82.2
40.2
18.0
82.7
41.2
18.5
83.4
39.2
19.0
84.8
39.2
19.9
31
32
33
(I) FHLB loeno to avings institutiono ai:e included in otbor loons and advances.
96
Zl, September 15, 1997
L.218 Home Mortgages (1)
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
1
2
3
4
5
6
7
8
Tetal labllld..
Household sec1Dr
Nonfinancial corpomte business
Nonfarm DODOOrpomte businas
T--111
Household sec1Dr
Nonf1Dancial corpomte business
Nonfarm DODOOrpolllle businas
9
10
Slate and local govemmenta
Fedeml govemment
11
12
13
14
Commercial banking
Savings inatitutiona
Credit uniona
Bank penoml 1111111 and elllltes
IS
16
17
life iDllllllnce companies
Private pension funds
18
19
20
Govemment-sponaored enterpriae1
Fedemlly relalOd mortgage poola
ABS iuuom
21
22
23
Finance companies
Mongage companies
Slate and local govt. reliremont funds
REIT•
Q2
Q3
Q4
--1997-QI
Q2
2849A
3038.S
3225.0
3424.0
3'1U
3682.3
3719.7
3792.4
3850.6
3898.0
3'56.o
2654.1
17.0
178.4
2816.7
17.5
204.4
2971.0
18.1
235.9
3164.3
18.7
241.1
3358.1
19.3
239.0
3424.8
19.5
238.0
3462.3
19.6
237.8
3534.9
19.8
237.8
3592.9
19.9
237.7
3640.0
20.1
237.9
3697.0
20.3
238.7
2
3
4
2849A
3038.S
3225.0
3424.0
3'16A
3'82.3
3719.7
3792A
3850.6
3898.0
3'56.o
5
137.2
34.8
8.9
143.3
37.5
9.5
164.7
29.3
9.7
172.5
34.2
9.7
179.0
38.9
9.6
182.1
40.1
9.6
186.2
38.3
9.6
189.6
39.5
9.6
193.2
39.8
9.6
195.9
40.5
9.6
198.1
41.8
9.6
6
7
8
62.9
37.1
62.3
36.6
56.3
33.0
57.3
29.1
60.5
24.1
60.8
22.6
61.2
22.1
62.0
21.2
62.8
21.2
63.4
19.8
64.1
19.8
9
10
485.7
538.4
52.8
4.0
510.8
489.6
56.1
3.9
560.8
470.0
56.0
3.6
615.9
4TI.6
62.1
3.4
669.4
482.4
66.5
3.9
671.9
489.6
68.0
3.8
676.8
498.2
71.3
3.7
685.0
513.8
73.1
3.6
698.5
513.7
76.0
3.6
708.6
514.6
77.1
3.7
732.9
516.7
79.9
3.8
11
12
13
14
10.6
4.0
3.7
11.2
3.2
3.4
8.6
3.2
3.5
7.0
3.4
3.9
7.3
3.7
4.4
7.3
3.8
4.6
7.3
3.9
4.7
6.2
3.9
4.8
6.8
4.0
s.o
6.8
4.1
5.1
7.2
4.2
5.3
IS
16
17
126.0
1130.4
96.2
156.6
1248.2
147.1
196.4
1334.3
179.8
199.0
1449.7
202.5
202.9
1543.4
222.5
203.8
1571.9
229.6
204.2
1614.3
238.7
203.4
1648.3
244.9
203.7
1678.9
247.7
200.4
1706.3
256.8
199.0
1726.9
260.0
18
19
20
63.3
53.1
0.4
65.8
52.7
0.9
62.7
52.2
0.9
66.9
28.3
1.5
72.4
23.8
1.7
74.3
36.7
1.8
47.3
29.8
1.9
50.4
31.0
2.0
52.1
32.0
2.0
53.3
30.0
2.1
54.5
30.1
2.2
21
22
23
284.2
rT3.7
rTOA
r,5.3
'1Jr7.6
2'1.9
301.1
305.1
313.0
315.6
322.D
18.8
263.9
19.3
252.7
19.9
247.6
20.5
248.6
21.1
258.4
21.2
261.9
21.4
270.0
21.6
272.8
21.7
279.4
21.9
280.5
22.1
285.5
2
3
0.0
1.6
0.0
1.8
0.0
3.0
0.0
6.2
0.0
8.1
0.0
8.7
0.0
9.6
0.0
10.7
0.0
11.9
0.0
13.2
0.0
14.4
4
5
284.2
r,3.7
rTOA
r,5.3
'1Jr7.6
2'1.9
301.1
305.1
313.0
315.6
322.D
0.6
0.6
8.4
0.5
0.4
8.3
0.8
1.3
7.0
1.4
0.9
7.0
1.7
1.1
6.9
1.7
1.2
6.9
1.7
1.5
6.9
1.7
1.7
6.9
1.7
2.0
6.9
1.6
2.1
6.9
1.6
2.4
6.9
7
8
9
(I) Mor,gagea OD 1-4 family pmperlies.
L.219 Multifamily Residential Mortgages
Billions of dollars; levels, not seasonally adjusted
Tetal ....ldes
2
3
Nonf1Dancial corpomte business
Nonfarm noDOOrpomte business
4
Fedenll govemment
5
llEirs
'
7
8
9
TetalHousehold sec1Dr
Nonf1Dancial corpomte business
Nonfarm DODOOtpOlllte busina1
•
10
11
Slate and local govemmenta
Fedeml govemment
41.7
31.9
42.4
27.6
42.8
24.6
43.5
22.0
44.1
17.3
44.4
16.9
44.6
16.8
45.0
15.9
45.9
14.8
45.9
14.l
46.3
13.9
10
11
12
13
Commercial banking
Savings illllitutiona
36.9
79.9
38.1
69.8
38.7
67.4
39.3
64.3
43.8
62.0
44.7
60.6
45.4
60.7
46.4
61.3
46.7
61.6
47.6
60.6
48.8
60.1
12
13
14
15
16
life immanoe companies
Private pension flllldo
Slate and local govt. reliremont funds
29.3
0.9
4.8
27.2
0.7
4.2
25.4
0.7
4.1
23.9
0.8
4.3
23.4
0.8
4.5
23.4
0.9
4.6
23.5
0.9
4.6
23.2
0.9
4.7
23.2
0.9
4.7
23.3
0.9
4.8
23.3
0.9
4.9
14
15
16
17
18
19
Govemment-spon,ored enterprises
Fedemlly relalOd mongage poola
ABS iuuom
14.6
26.1
3.7
16.2
23.8
6.3
17.9
22.5
8.7
18.7
22.4
14.9
19.4
26.9
21.3
19.5
27.8
24.S
19.5
28.9
26.8
19.3
30.7
28.1
19.1
32.5
33.7
18.8
33.7
35.5
18.3
35.2
39.5
17
18
19
20
21
22
Finance companies
Mongage companies
REifs
0.0
2.7
2.2
0.0
3.0
5.3
0.0
3.1
5.6
0.0
3.1
8.7
0.0
4.2
10.1
0.0
4.2
10.7
3.6
4.4
11.2
3.5
4.1
11.8
3.1
4.1
12.1
3.1
4.1
12.4
3.1
4.0
13.0
20
21
22
.
Zl, September 15, 1997
L.220 Commercial Mortgages
Billions of dollars; levels, not seasonally adjusted
1991
.
'
7
8
9
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
743.2
"6.2
'85.0
'80.5
703.2
711.4
7Sl.5
756.5
771.7
77U
7'5.7
95.5
179.5
465.1
3.2
100.9
156.5
435.2
3.6
108.5
163.3
4/Y7.2
6.0
101.5
184.3
382.2
12.5
97.5
218.8
370.4
16.5
100.2
222.3
371.1
17.8
101.8
265.6
367.5
19.6
101.5
267.6
365.6
21.7
105.6
271.9
370.1
24.1
104.0
273.5
374.6
26.8
104.4
282.2
379.9
29.1
2
3
4
5
743.2
"6.2
'85.0
'80.5
703.2
711.4
7Sl.5
756.5
771.7
778.t
7'5.7
Houaebold sectt>r
Nonfmancial oorpomle business
Nonfarm noDOOrpon,le business
2.8
23.6
8.0
3.7
22.1
6.5
5.3
21.6
6.1
5.2
21.2
6.0
7.3
21.5
6.0
7.1
22.2
6.0
6.8
25.2
6.0
6.5
25.8
6.0
6.2
27.2
6.0
5.8
28.4
6.0
5.3
28.8
6.0
'
7
8
9
SIBie and local govemments
Tellll llahilltit9
2
3
4
5
1992
Houaebold sectt>r
Nonfmancial oorpon,le business
Nonfarm noDOOrpomle business
REIT•
Total-a.
10
II
Fede!1ll govemment
7.7
21.2
7.5
14.6
7.7
20.5
8.3
13.2
7.7
10.2
7.8
10.0
7.7
9.8
7.5
9.3
7.5
8.5
7.7
8.5
7.7
8.4
10
II
12
13
Commercial banking
Savings institutions
340.2
86.7
331.8
68.2
327.5
60.8
335.0
53.9
353.1
52.1
356.9
52.1
363.0
52.5
367.0
52.6
375.3
52.7
377.7
52.0
388.6
51.9
12
13
14
15
16
17
Life ina111Bnoe companies
Other ins111Bnoe companies
Private pension funds
SIBie and local govt. ~tirement funds
209.5
6.5
13.3
8.3
194.4
5.9
10.6
8.9
180.9
4.5
10.6
7.0
170.4
3.8
11.4
7.0
167.1
2.8
12.2
7.0
167.0
2.6
12.6
7.0
167.8
2.6
12.8
7.0
165.1
2.5
13.0
7.0
165.4
2.4
13.1
7.0
166.3
2.5
13.5
7.0
165.8
2.6
13.8
7.0
14
15
16
17
18
19
20
21
6.5
0.0
4.5
4.5
15.2
(.9
25.5
0.0
5.1
2.1
36.8
Finanoe companies
Mortgage companies
5.1
3.2
47.4
0.0
5.1
3.7
51.1
0.0
5.1
3.9
54.5
29.5
5.1
4.1
56.3
28.3
5.1
4.3
63.5
27.4
5.1
4.4
67.1
26.9
5.1
4.5
72.8
27.2
5.1
4.7
18
19
20
21
Tellll lillllllJlies (Fann.....,_)
7'.2
7'.7
80.7
83.0
114.6
115.G
116.2
8'.7
117.1
117.6
Tellll-
7'.2
7'.7
80.7
83.o
8'.2
8'.7
117.1
117.6
12.8
0.8
12.0
0.8
11.2
0.9
10.3
0.9
""
115.0
10.6
0.9
10.8
0.9
11.3
0.9
11.6
0.9
12.2
0.9
12.8
0.9
13.5
0.9
3
4
1.5
8.2
1.5
9.1
1.5
9.7
1.4
11.0
1.4
I I.I
1.4
10.8
1.4
10.5
1.4
10.1
1.4
9.6
1.4
8.9
1.4
8.2
5
6
ABSiuuem
REIT•
o.o
.u
o.o
L.221 Fann Mortgages
Billions of dollars; levels, not seasonally adjusted
2
1111.11
2
3
4
Houaebold sec1Dr
Nonfarm noDOOrpomle business
5
6
Slale and local govemmen11
Fede!1ll govemment
7
8
Commercial banking
Savings institutions
18.4
0.4
19.9
0.3
20.9
0.3
22.6
0.3
23.8
0.3
23.9
0.3
24.6
0.3
24.8
0.3
24.9
0.3
25.2
0.3
26.1
0.3
7
8
Life ins111Bnoe companies
10.0
0.0
9.2
0.0
9.5
0.0
9.6
0.0
9.6
0.0
9.6
0.0
9.6
0.0
9.7
0.0
10.0
0.0
10.1
0.0
10.3
0.0
9
10
27.1
0.0
27.0
26.8
26.9
26.8
o.o
0.0
0.0
27.2
0.0
27.6
0.0
27.8
0.0
27.9
0.0
27.9
0.0
28.2
0.0
II
12
9
10
,.
...
Slale and local govt. ~tirement funds
II
Govemment-aponsottd enlerpriaes
12
Federally related mortgage pools
o.o
98
Zl, SejUmber 15, 1997
L.222 Consumer Credit
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
2
Q2
Q3
Q4
--1997-QI
Q2
T..... lhlbllilles (H.,..mklo)
7'6.7
801.0
863.0
'88.1
1128.6
1120.5
1146.9
1177.3
1214.9
1193.9
1213.0
Tolal-18
7'6.7
801.0
863.0
'88.1
1128.6
1120.5
1146.9
1177.3
1214.9
1193.9
1213.0
2
63.0
0.0
65.7
0.0
77.2
0.0
86.6
0.0
&5.1
0.0
76.7
0.0
72.0
0.0
68.5
0.0
77.7
0.0
70.0
0.0
68.0
0.0
3
4
3
4
Nonfmancial corporale business
Nonfarm noncorpora11e business
5
6
7
Commercial banking
372.4
42.2
90.3
365.5
Savings iDSlitutions
er.di! unions
37.4
89.4
399.7
37.9
101.6
462.9
38.5
119.6
507.8
40.1
131.9
497.7
40.7
131.5
505.7
42.1
136.1
517.1
44.9
140.9
529.4
44.7
144.1
511.5
45.9
144.4
517.0
47.0
148.7
5
6
7
8
9
ABS issuen
Finance companies
103.0
125.9
120.3
122.6
130.5
116.1
146.1
134.4
211.6
152.1
221.4
152.5
237.2
153.9
251.2
154.6
266.5
152.4
269.2
153.0
276.4
155.8
9
948.3
995.1
1047.8
1141.5
1246.7
1235.5
1271.5
1267.7
1322.1
1313.8
1336.1
77.7
82.5
89.8
94.0
102.4
101.8
104.7
104.6
108.9
108.4
110.6
2
649.4
59.7
13.0
682.8
66.6
13.2
719.3
64.1
14.2
796.5
71.6
15.2
870.3
78.8
16.2
&58.0
80.2
17.2
886.1
81.7
18.1
876.8
83.1
19.1
922.7
84.6
20.1
906.1
&5.7
21.1
923.0
86.7
22.1
3
4
5
8
L.223 Trade Credit
Billions of dollars; levels, not seasonally adjusted
Telal lnde payabln
2
Ho111ebold IIOCIDr
3
4
5
Nonfmancial corporale bulinesa
Nonfarm noncorporale bulinoss
Fann bulineu
6
7
s1a1e and local govemmen11
Federal govemment
25.4
&5.8
27.7
83.1
28.4
86.1
29.0
86.5
31.2
92.2
31.0
93.3
31.8
94.9
32.0
96.8
32.8
95.8
33.4
97.2
33.5
99.7
6
7
8
9
Rest of the world
Bmurs and dealers
30.4
6.8
31.8
7.4
35.9
10.1
39.5
9.1
45.3
10.3
42.5
11.6
41.2
13.0
40.8
14.5
43.0
14.3
44.2
17.6
44.3
16.3
8
9
1211.4
1245.6
1295.3
1389.2
1524.9
15'7.5
1614.9
1651.2
1'32.3
1'7S.O
1717.7
10
961.4
96.7
988.9
103.8
1035.0
103.0
1107.0
117.0
1205.9
128.5
1237.4
130.5
1278.2
132.6
1300.0
134.6
1266.8
136.7
1293.0
138.0
1327.8
139.3
11
12
10
Telal lnde recemibln
11
12
Nonfimncial corporale bulinesa
Nonfarm noncorpora1e buliness
13
14
Federal govemment
Rest of the world
40.4
42.3
33.3
44.7
30.7
47.5
26.6
50.6
26.4
51.2
28.5
52.1
29.4
52.1
31.9
55.2
33.4
57.5
36.4
59.4
38.9
61.7
13
14
15
16
Other insumnce companies
49.1
21.5
49.0
25.8
50.7
28.4
52.9
35.2
57.3
55.7
58.4
60.6
59.5
63.2
59.6
69.8
57.2
80.7
61.3
86.9
60.1
89.8
15
16
-263.1
-250.5
-247.5
-247.7
-278.2
-332.0
-343.4
-383.6
-310.2
-361.2
-381.5
17
188.9
217.7
279.0
279.0
305.7
JM.9
318.6
317.8
3!11.0
380.0
40U
55.1
0.0
53.5
0.0
76.1
0.0
75.1
0.0
78.6
0.0
89.1
0.0
89.9
0.0
86.9
0.0
94.3
0.0
101.1
0.0
109.7
0.0
2
3
133.8
87.0
30.0
16.8
164.2
76.2
57.3
30.7
202.9
102.3
61.4
39.3
203.9
109.0
56.8
38.1
227.1
127.6
65.1
34.4
237.8
140.9
63.0
33.8
228.8
136.8
59.4
32.6
230.8
145.2
57.4
28.3
263.7
162.9
60.2
40.6
279.0
172.0
65.9
41.1
299.4
184.1
63.0
52.3
4
5
6
7
188.9
217.7
279.0
279.0
305.7
326.9
318.6
317.8
3!11.0
380.0
40U
8
87.0
0.0
76.2
0.0
102.3
0.0
100.0
0.0
127.6
0.0
140.9
0.0
136.8
0.0
145.2
0.0
162.9
0.0
172.0
0.0
184.1
0.0
9
10
88.0
53.5
100.7
76.1
94.9
75.1
99.5
96.8
89.1
91.9
89.9
&5.7
86.9
100.8
94.3
107.0
101.1
115.3
100.7
II
12
17
ABS issuen
Di9CRp9ncy
L.224 Secmity Credit
Billions of dollars; levels, not seasonally adjusted
Telalllallllldea
2
3
Ho111ebold IIOCIDr
Rest of the world
4
5
6
7
Bmurs and dealers
Cummor cmdit belmces (HH)
From U.S.-<:bonell!d commercial banks
From foreign banking officea in U.S.
8
T.... _18
9
10
Ho111ebold IIOCIDr
Rest of the world
11
12
Commercial banking
46.8
Bmurs and dealers
55.1
78.6
99
Z.l, September 15, 1997
L.225 Life Insurance and Pension Fund Reserves
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
--1991--
1996
Qi
Q2
Q3
Q4
Qi
Q2
Ufe ituanine, re1,r,e,:
Tetalllallilllla
•
406.8
434.B
470.8
505.J
550.2
555.0
5'3.1
577.2
5'3.8
604.8
,2u
2
3
Fedeml govemment
life Ullllllllllle companies
13.0
393.8
13.3
421.5
13.6
457.2
13.8
491.5
13.9
536.3
13.7
541.3
14.0
549.1
13.7
563.5
13.7
580.1
13.4
591.4
14.0
607.4
2
3
4
Tetal-b(H.......,)
406.8
434.8
470.8
505.3
550.2
555.0
563.1
577.2
S,J.8
604.8
621.4
4
JB7U
4218.1
4'63.3
4871.8
597.J
5753.0
!1174.0
,,.,...
6257.7
'"'-'
6789.1
5
303.5
•
5
,..,,.,.,,,"'"" ,.,_,,
Tetallillllllllla
6
7
Fedeml govemment
life insumlllle companies
276.0
659.1
743.0
331.1
836.4
358.9
878.1
374.8
992.4
382.9
997.0
393.2
997.9
410.2
!OJI.I
419.2
1026.4
413.2
1050.9
422.1
1069.9
6
7
8
9
Private pension funds (I)
Slate and local govt notirement funds
1889.0
1052.7
1983.1
1188.5
2218.9
1276.9
2308.4
1326.4
2674.7
1555.3
2758.8
1614.3
2831.1
1651.7
2893.2
1675.0
3053.5
1758.6
3084.4
1791.4
3340.1
1957.1
8
9
JB7U
4218.1
4'63.3
4871.8
597.J
5753.0
!1174.0
,,.,...
6257.7
'"'-'
'789.1
10
10
T.... -
.. (H-ldo)
(I) Includes unallocated ill,umnce company contmcts beginning 1985:Q4.
L.226 Taxes Payable by Businesses
Billions of dollars; levels, not seasonally adjusted
Tetal .._11"1111*
by•....._
70.0
7'.7
84.8
IU
•.o
tJ.o
89.2
,1.1
,1.1
tJ.o
85.0
1
40.5
42.5
33.8
44.9
34.6
44.2
35.4
48.7
35.6
44.6
35.8
46.l
36.0
45.3
36.2
47.0
33.J
36.4
38.4
36.6
2
3
2
3
Nonf'1118ncial corpoiate buaineu
Nonfarm nonoorpoiate business
33.3
32.5
4
5
U.S.•dmtered commercial banks
Savings institutions
0.5
0.7
1.4
1.2
1.9
1.9
1.0
2.8
1.6
3.1
1.7
3.4
1.3
3.7
1.4
4.0
1.4
4.3
1.4
4.7
1.2
1.5
4
5
6
7
life insumlllle companies
Other Ullllllllllle companies
0.6
0.6
1.4
1.0
1.7
1.4
1.0
0.9
1.2
0.9
1.2
0.9
1.2
0.9
1.2
0.9
1.2
0.9
1.2
0.9
1.2
0.9
6
7
8
9
Finolllle companies
Brokers and dealers
0.4
0.9
0.6
0.9
0.8
1.4
0.8
1.2
0.8
I.I
0.8
I.I
0.8
1.2
0.8
I.I
0.8
1.3
0.8
1.0
0.8
0.9
8
9
53A
SU
!1.0
51'
45.2
70.4
52.J
50.2
46.8
62.5
5U
10
37.0
16.4
38.9
15.5
39.J
18.9
34.0
18.6
27.9
17.3
27.3
43.0
27.5
24.8
27.2
23.0
26.1
20.7
25.9
36.6
26.5
29.9
II
12
16.6
25.2
26.8
33.7
42.8
22.6
36.9
40.9
44.3
30.5
28.6
13
10
II
12
13
T....
....._.._rocemble
S1Bte and local govemments
Fedeml govemment
Oiocrepancy
L.227 Investment in Bank Personal Trusts and Estates
Billions of dollars; levels, not seasonally adjusted
Lillb.: ..... ........,.. _ _ _
2
_,H-i.ldacllor
639.J
660.6
ffl.J
ffl.4
767.4
7'3.7
811.7
829.0
872.G
8'0.4
"'·7
639.J
660.6
ffl.J
ffl.4
767.4
7'3.7
811.7
829.0
872.G
8'0.4
"'·7
2
100
Z.l, September 15, 1997
L.229 Total Miscellaneous Financial Claims
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
T-lialllllll..
--1991--
1996
QI
Q2
Q3
Q4
QI
Q2
4371"
4711.4
5109.8
5379,1
5783.0
5'51.7
SMl.9
wrT.7
6135.1
'327.6
62'75
15.7
1714.5
91.1
15.8
1916.4
99.J
16.6
20!l8.2
103.5
17.5
2118.4
110.9
18.4
2231.6
116.2
18.6
2290.7
118.0
18.8
2280.J
120.0
19.0
2322.8
122.J
19.3
2344.1
124.3
19.5
2388.6
125.9
19.7
2429.9
127.5
2
3
4
2
3
4
Hou,ehold oec1Dr
Nonf'IDIIDCial oorporalO business
Nonfam, DODCOlpOIBIO businoas
5
6
Fedeml govemmont
Rest of the world
7.0
727.8
6.9
731.7
6.8
827.5
6.8
914.4
6.7
1030.3
6.6
1110.1
7.3
lO!l3.7
7.2
1082.1
7.3
1146.8
6.6
1230.1
6.7
1108.9
5
6
7
8
9
10
Mo-.y audlority
Commercial banking
5.5
507.6
106.4
4.5
3.7
554.6
106.8
4.6
4.6
628.4
103.0
5.1
6.0
750.1
106.7
6.4
7.2
848.4
106.1
4.5
6.5
838.8
106.3
4.6
6.6
860.4
105.8
4.8
7.2
857.6
116.9
4.8
6.9
864.5
102.9
4.6
6.4
922.8
95.3
4.5
7.8
941.1
99.0
4.6
7
8
9
10
Savil'IJ• imtitulionl
Credit unions
Life insurance companies
11
12
Other insurance oompanin
356.J
416.4
359.3
439.9
382.3
456.1
402.4
471.9
423.5
501.9
421.6
508.2
429.3
510.0
438.3
515.9
453.2
517.3
453.9
520.6
461.0
525.1
11
12
13
14
15
Govemment-1po1110ted enlerpriaes
Finance oompenin
MollglBe oompaniea
78.3
140.6
38.2
90.8
157.8
30.3
85.9
163.5
30.2
61.1
177.9
17.7
67.1
198.8
13.9
68.4
195.9
21.9
63.4
201.9
11.2
64.0
199.6
11.6
69.8
210.4
9.7
77.7
217.7
6.1
72.7
203.7
3.6
13
14
15
16
17
18
Rm•
Broun and dealen
Funding oorporations
2.9
41.5
117.9
2.4
52.2
139.2
2.3
67.4
128.2
5.3
69.0
136.7
6.6
85.3
116.5
7.0
81.4
146.9
7.5
82.4
145.4
8.1
97.1
153.1
8.9
108.9
136.3
9.4
105.8
136.7
9.7
110.5
136.0
16
17
18
5144.2
5428.6
5"7.4
6367.8
"'4.1
7050.1
7162.1
7r145
748,.S
7623.4
7'32.2
1'
234.1
2260.5
215.0
37.8
251.0
2355.8
218.7
39.8
264.J
2615.3
227.6
41.3
269.5
2782.6
243.3
43.3
285.4
3037.7
256.1
46.0
289.0
3120.5
258.2
46.8
290.0
3143.4
260.5
47.7
294.7
3199.0
262.8
48.6
296.8
3291.8
265.9
48.9
297.9
3364.1
267.3
49.9
304.8
3400.5
269.4
50.4
20
21
19
TelalHou,ehold IOC1Dr
20
21
22
23
Fann bulineu
24
25
26
S.le and local govemmenll
Fedeml govemment
Rest of the world
17.0
104.9
641.4
19.0
120.3
610.2
20.5
116.2
719.0
20.5
119.5
706.J
20.9
117.1
779.3
21.3
115.6
842.8
21.8
114.7
861.4
27.1
114.9
900.6
30.3
110.6
977.1
38.9
107.7
1002.9
38.8
105.9
850.9
24
25
26
27
28
29
30
31
Mo-iy audlority
Commercial banking
Sllvil'IJ• imtitulionl
Credit uaiom
5.6
444.9
85.5
12.8
10.8
7.4
523.9
78.2
16.5
12.6
9.6
611.1
61.0
18.2
16.0
9.8
728.4
53.0
14.8
12.9
10.7
791.6
54.7
13.9
11.9
9.7
800.0
51.0
16.6
12.5
10.1
814.9
49.1
15.3
13.6
10.0
809.7
66.0
13.7
14.9
11.0
817.2
52.9
13.7
16.0
10.3
837.5
'46.3
13.9
17.0
12.5
892.8
48.0
18.8
18.0
27
28
29
30
31
91.1
23.7
384.6
212.8
83.0
24.0
379.5
286.0
75.7
28.8
394.5
261.6
97.8
33.0
388.4
272.4
103.9
38.7
382.2
271.4
99.2
39.3
380.8
255.7
99.3
39.9
384.0
255.0
95.9
40.9
380.4
232.4
92.4
43.7
393.8
217.4
92.8
45.2
393.4
20!l.9
97.4
45.4
391.5
194.8
32
33
34
35
7.7
8.2
39.2
12.7
3.0
26.9
23.7
3.3
33.2
30.6
5.9
31.5
43.4
6.3
41.2
4/J.1
5.1
46.1
50.5
8.1
71.0
4/J.5
3.0
71.6
48.3
4.7
79.8
53.2
5.5
72.6
56.0
2.6
78.6
37
38
95.7
7.0
129.0
74.8
88.8
5.8
180.4
85.1
114.5
8.8
228.6
104.6
107.4
8.7
254.2
133.9
128.9
10.0
258.2
154.8
130.3
9.4
283.0
167.6
135.J
8.9
290.0
178.1
140.9
8.4
304.7
184.7
156.5
9.3
320.5
191.3
154.8
10.0
332.2
200.1
172.2
10.8
377.1
195.2
39
40
41
42
-m.2
-717.2
-887.6
-988.6
-1081.0
-I0!18.4
-1213.2
-1246.8
-1354. 7
-1295.8
-1364.8
43
32
33
34
35
Nonf'IDIIDCial OOlpOIB1e business
Nonfam, DODCOlpOIBIO bulimls
Bank penoml trllltl and .....,
Life i11111111nce oompenie1
Other insurance oompenin
Private pension funds
S.1e and local govt retttement funds
36
37
38
Money IIIIIVt mUIUal funda
MUIUal funds
Govemment-apo1110ted en110rpriae1
39
40
41
42
Finance oompanin
Rms
Broun and dealen
Funding oorporations
43
Diacrepency
22
23
36
•
101
Z. I, September I 5, 1997
L.230 Identified Miscellaneous Financial Claims - Part I
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1996
1995
--1991-QI
Q2
QI
Q2
Q3
Q4
908.S
933.6
787.4
40.3
5.9
39.9
48.5
11.7
945.8
805.8
41.5
6.1
40.9
39.0
12.6
970.8
815.3
44.7
6.6
43.7
46.0
14.6
999.6
837.1
46.0
6.7
45.2
46.5
18.0
1030.6
862.2
47.6
7.5
45.4
47.6
20.3
U.S. dln,:1 inN,tMffll tlbrood:
•
•
Liab.: Rest of tho wodd
AJset NonflDBncial corporale business
Commercial banking
Life iDIWllnce companies
Oilier insumnce companies
Finance companies
Brokers and dealers
655.4
578.0
25.4
3.7
23.7
21.2
3.5
668.0
580.0
29.9
4.0
24.0
24.6
5.4
714.8
598.4
33.8
4.9
28.8
44.6
4.3
797.8
670.3
37.7
5.0
33.0
45.8
5.8
884.3
749.9
39.4
38.7
41.2
9.6
774.2
39.9
5.7
39.3
39.0
10.4
II
12
13
14
IS
Liab.: Nonfinm:ial corporate business
Nonfarm noncorpomle buliness
Commercial banking
Life insumnce companies
Oilier insumnce companies
Finance companies
Brokers and dealers
Funding corporations
487.1
3.9
24.9
8.6
24.7
5.6
5.8
-68.7
509.0
4.4
21.2
9.7
25.7
9.5
5.3
-84.2
518.7
5.2
24.0
13.1
26.7
33.8
5.0
-75.7
551.7
4.8
26.3
10.9
27.9
35.9
5.8
-78.4
599.8
2.4
32.9
13.9
37.1
52.4
11.0
-95.0
615.9
2.1
33.7
14.3
38.2
49.3
11.2
-94.6
643.9
2.1
31.2
14.7
38.6
51.2
11.3
-104.9
664.I
2.1
32.0
15.2
39.3
56.8
11.3
-106.0
685.3
2.1
30.9
16.1
43.5
63.3
7.8
-120.0
725.9
2.1
31.7
16.8
44.3
67.3
8.0
-136.6
745.5
2.1
32.5
17.5
45.5
70.2
8.3
-133.0
16
AJset Rest of the world
491.9
500.5
550.9
585.0
654.5
670.2
688.1
714.6
729.1
759.4
788.8
16
22.4
22.4
23.8
23.8
25.0
25.0
26.4
26.4
27.9
27.9
28.3
28.3
28.7
28.7
29.1
29.1
29.7
29.7
30.1
30.1
30.5
30.5
17
18
2.7
2.7
3.1
3.1
3.4
3.4
3.7
3.7
4.0
4.0
4.0
4.0
4.1
4.1
4.5
4.5
4.6
4.6
4.8
4.8
5.1
5.1
19
20
14.8
14.7
16.3
18.2
20.3
20.8
21.7
22.7
23.9
25.4
27.0
21
1.8
0.6
2.2
0.0
0.7
9.5
0.0
0.0
1.9
0.6
2.1
0.0
1.4
8.6
0.0
0.0
1.9
0.8
2.2
0.0
2.7
8.7
0.1
0.0
2.0
0.9
2.2
0.0
4.3
8.6
0.1
0.1
2.0
1.0
0.0
5.8
9.1
0.2
0.1
2.4
1.0
2.1
0.0
6.0
9.0
0.2
0.1
2.8
1.0
2.2
0.0
6.2
9.4
0.2
0.1
3.4
1.0
2.1
0.0
6.3
9.5
0.2
0.1
4.2
1.7
1.5
0.0
6.7
9.5
0.2
0.2
5.1
1.7
1.5
0.0
7.1
9.7
0.2
0.2
6.2
2.3
1.0
0.0
7.6
9.7
0.2
0.2
22
23
24
25
26
27
28
29
227.2
5.0
16.2
38.2
-18.4
255.0
4.0
17.3
30.3
-8.3
286.6
4.4
17.9
30.2
3.7
304.2
344.3
348.4
4.4
21.1
17.7
13.3
4.5
4.5
25.8
13.9
20.5
25.5
21.9
16.2
361.9
4.6
28.1
11.2
27.1
365.3
4.6
28.9
11.6
23.8
372.9
4.7
30.2
9.7
20.4
387.1
4.8
30.5
6.1
31.4
399.4
4.8
30.7
3.6
57.7
30
31
32
33
34
268.2
298.2
342.9
360.6
408.9
416.6
432.9
434.3
437.8
459.9
496.2
35
16.2
16.2
17.3
17.3
17.9
17.9
21.1
21.1
25.8
25.8
25.5
25.S
28.1
28.1
28.9
28.9
30.2
30.2
30.5
30.5
30.7
30.7
36
37
I
2
3
4
5
6
7
s.s
I
2
3
4
s
6
7
Fon,lp ,1/n,cf 11,.,._,,, iii U.S.:
8
9
10
8
9
10
II
12
13
14
15
FMn,J ,..,._,.,,.,, iii IBRD, de.:
17
18
Liab.: Rest of tho wodd
AJset Fedeml govemment
F•n,/Re-~,toc/t::
19
20
Liab.: Mone111ry authority
AJset Commercial banking
e,.,,
1n ,...,,._,,,.,,,._,.. ~ "
21
Liab.: Oovemment-spomon,d elllerpriles
22
AJset Nonfm. corporale business (FNMA)
Nonfarm noncorpomte (BC)
23
24
25
26
27
28
29
Fa11n business (FrB and fl.BJ
Fedeml govemment
Commercial banks (FHIB)
Saving a institutions (FHLB)
Credit unions (FHlB)
Life iDIWllnce companie1 (FHIB)
2.2
BRC/n.,.-11111,,~,:
30
31
32
33
34
Liab.: Commercial banking
Savings institutions
Finance companies
Mottgage companies
35
AJset Bank holding companies
Broken and dealera
NFC iM. lnfl- co""""' lllb1.:
36
37
Liab.: finance companies
AJset NonfU1Bncial corporate business
F'°"""W corp. 1 - - In 1llb1.:
38
39
Liab.: Foreign banking offices in U.S.
Brokers and dealers
30.3
44.5
21.5
63.7
23.8
80.8
37.0
96.9
40.0
114.8
41.0
126.6
40.4
137.8
41,0
143.7
41.1
150.2
42.8
157.3
44.4
150.8
38
39
40
Asset Funding corpomlions
74.8
85.1
104.6
133.9
154.8
167.6
178.1
184.7
191.3
200.1
195.2
40
102
Z.I, September 15, 1997
L.231 Identified Miscellaneous Financial Claims. Part II
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
Q2
Q3
Q4
--1997-QI
Q2
Nonolfkilllfomp cll7Nltde,:
1
2
Liab.: Relt of the world
Asaet Federal govemment
1.8
1.8
1.8
1.8
1.9
1.9
2.1
2.1
1.9
1.9
2.1
2.1
1.8
1.8
1.7
1.7
1.8
1.8
1.8
1.8
1.8
1.8
1
2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
3
4
31.7
31.7
30.8
30.8
23.7
23.7
16.0
16.0
19.3
19.3
17.5
17.5
14.9
14.9
15.4
15.4
18.0
18.0
15.2
15.2
13.0
13.0
5
6
15.7
15.7
15.8
15.8
16.6
16.6
17.5
17.5
18.4
18.4
18.6
18.6
18.8
18.8
19.0
19.0
19.3
19.3
19.5
19.5
19.7
19.7
7
8
70.0
38.2
31.7
77.5
45.2
32.3
84.2
51.4
32.8
90.9
58.0
32.9
96.9
63.2
33.7
96.9
63.2
33.7
97.7
64.0
33.7
98.3
64.5
33.8
103.9
69.4
34.5
102.5
67.9
34.6
105.8
70.4
35.4
9
10
11
70.0
77.5
84.2
90.9
96.9
96.9
97.7
98.3
103.9
102.5
105.8
12
ro,1111 Simlffll s,... tkpolib:
3
4
Liab.: Federal govemment
Asaet Ho111ehold sector
0.polib Ill F•dnwl Ho- 1 - Btlllb:
5
6
Liab.: Govemment-spoDIOmd enliOlpri&es
Asaet Savings inltitutions
0.felfftl""" .,,,,.., lif• """""'"pnw,l-:
7
8
Liab.: Ho111ehold aectDr
Asaet Ufe insumnoe companies
Ufe ,,...,.,,.• ..,......, ,,,_,,
9
10
11
Liab.: Life imunmce companies
12
Asaet HoU1ehold sector
Health
Policy dividend accumulation
l'o&, ,.,. .,,
13
Liab.: Other insunmce companies
391.7
414.3
429.4
444.0
464.8
470.0
471.4
476.7
473.9
476.3
479.6
13
14
15
16
17
Asaet HoUlehold aec:tor
164.1
149.5
42.4
35.6
173.6
163.0
39.9
37.7
179.9
169.7
40.8
39.1
178.7
177.5
46.8
41.1
188.5
180.7
51.8
43.8
192.1
180.7
52.5
44.6
192.3
180.4
53.3
45.5
196.5
179.7
54.0
46.4
192.9
178.8
54.8
47.4
195.4
177.5
55.0
48.4
199.0
175.8
55.3
49.5
14
15
16
17
206.6
206.6
198.0
198.0
206.6
206.6
216.5
216.5
220.4
220.4
219.1
219.1
222.1
222.1
223.9
223.9
235.5
235.5
238.3
238.3
241.1
241.1
18
19
17.3
17.3
18.9
18.9
24.4
24.4
28.2
28.2
32.0
32.0
32.9
32.9
33.9
33.9
34.8
34.8
35.8
35.8
36.7
36.7
37.7
37.7
20
102.9
102.9
153.5
153.5
197.1
197.1
221.7
221.7
216.2
216.2
242.6
242.6
249.5
249.5
265.2
265.2
275.9
275.9
289.0
289.0
331.3
331.3
22
23
Nonf1111ncial corporate buainoss
Nonfarm IIODCOrporate buainess
Finn buainoss
UIWllloe•tl b u -
18
19
co...,,.,,,..,_,.,
Liab.: Life insunmce companies
Asaet Private pension funds
h,uloaft,llllco""'1Hllloa,J1111"'1k:
20
21
Liab.: Nonlinancial corporate buainoss
Asaet Private pension funda
21
Sff•rilk• 6orrowtl ( •I):
22
23
Liab.: Funding corporations
Asaet Brokers and dealers
•
103
Z.l, September 15, 1997
L.232 Unidentified Miscellaneous Financial Claims
Billions of dollars; levels, not seasonally adjusted
1991
1992
1993
1994
1995
1996
QI
Telal llabllltlca
•
2
3
Nonfinancial corpomle business
Nonfann nonoorpomle business
4
5
6
Fedeml govemment
Rest of the world
Monetary authority
Q3
Q4
--1997-QI
Q2
1'87.8
2190.2
2349.9
llt5.7
2532.B
2'10.J
2523.4
251:7.9
2553.8
2'.111.4
2433.J
1210.1
87.2
1388.6
94.8
1555.1
98.3
1538.6
106.0
1599.8
113.8
1641.9
115.9
1602.3
118.0
1623.8
120.1
1623.0
122.2
1626.0
123.8
1646.7
125.4
2
3
7.0
48.2
2.8
6.9
38.1
0.6
6.8
85.8
1.2
6.8
88.1
2.3
6.7
116.2
3.3
6.6
171.1
2.5
7.3
129.6
2.4
7.2
105.4
2.7
7.3
144.5
2.3
6.6
198.6
1.7
6.7
46.0
2.7
4
5
6
7
8
9
10
II
C<>mmercial banking
U.S.-char11ered conunercial banks
Foreign banking offices in U.S.
Bank holding companies
Banks in U.S.-aftilialod aieas
225.2
84.0
119.9
18.2
3.1
256.9
76.3
154.4
22.0
4.2
294.0
91.0
177.8
19.6
5.6
382.6
158.9
194.4
22.0
7.4
431.2
160.7
235.6
24.6
10.3
415.6
148.7
230.4
26.3
10.2
426.9
156.2
237.4
23.5
9.9
419.4
154.9
228.9
24.9
10.7
419.6
149.0
223.3
36.3
11.0
461.2
169.2
233.2
44.9
13.9
464.8
150.4
251.6
47.7
15.1
7
8
9
10
11
12
13
14
15
Savings institutions
Credit unions
Life insumnce companies
Govenunent-aponaoffii enlerpriaes
101.4
4.5
70.9
31.8
102.8
4.6
74.1
45.4
98.6
5.1
78.4
45.8
102.3
6.4
84.l
26.8
101.6
4.5
92.3
27.6
101.8
4.6
91.2
30.1
101.3
4.8
94.9
26.9
112.3
4.8
101.0
26.0
98.2
4.6
97.7
28.0
90.5
4.5
96.3
37.0
94.2
4.6
96.6
32.7
12
13
14
15
16
17
18
19
Finance companies
Brokers and dealers
F\mding corpomtions
102.6
2.9
9.7
83.6
113.7
2.4
-8.5
69.9
93.9
2.3
-22.2
6.8
99.9
5.3
-47.0
~.6
94.9
6.6
-60.9
.4.7
95.6
7.0
-72.6
-I.I
94.3
7.5
-93.7
0.8
85.0
8.1
-81.7
~.I
86.8
8.9
-<19.5
-19.6
89.5
9.4
·90.9
-15.7
72.0
9.7
-106.3
~2.4
16
17
18
19
27'9.l
2907.4
3237Ai
3314.3
3'13.B
m..7
373'Ai
3774.7
JfGll.5
3'34.2
3798.1
20
1515.0
172.0
17.0
1593.7
178.l
19.0
1827.4
186.1
20.5
1911.8
195.6
20.5
2079.4
203.3
20.9
2137.7
204.7
21.3
2144.7
206.2
21.8
2181.1
207.8
27.1
2263.4
209.4
30.3
2313.9
210.6
38.9
2325.6
211.8
38.8
21
22
23
20
REIT•
Telal-
21
22
23
Nonf"ID8ncial corpomle businoss
Nonfann nonoorpomle business
State and local govemments
24
25
26
Fedeml govemment
Rest of the world
Monetary authority
80.7
149.5
5.6
94.6
109.6
7.4
89.3
168.1
9.6
91.1
121.1
9.8
87.2
124.8
10.7
85.2
172.6
9.7
84.2
173.3
10.1
84.0
186.0
10.0
79.1
248.0
11.0
75.7
243.5
10.3
73.5
62.2
12.5
24
25
26
27
28
29
30
31
C<>mmercial banking
U.S.-cbortered commen:ial banks
Fofei8n banki"8 offices in U.S.
Bank holding companies
Banks in U.S.-affilialod aieas
148.0
21.7
100.5
22.2
3.7
191.3
19.2
142.1
27.0
3.0
228.3
22.3
175.9
27.5
2.6
322.1
71.0
213.5
35.2
2.4
333.5
71.2
218.5
39.8
4.0
333.3
70.8
217.9
40.8
3.8
331.3
76.0
211.6
39.8
3.9
323.0
74.3
203.1
41.3
319.7
83.2
190.8
40.8
4.8
336.3
76.5
210.9
44.5
u
323.5
71.8
196.3
51.1
4.3
u
27
28
29
30
31
32
33
34
Savings institutions
Credit unions
Bank penonal !Nits and e1111te1
44.3
12.8
10.8
38.8
16.5
12.6
28.6
18.1
16.0
28.4
14.7
12.9
26.4
13.8
11.9
24.6
16.4
12.5
24.8
15.1
13.6
41.1
13.6
14.9
25.3
13.6
16.0
21.4
13.7
17.0
25.3
18.6
18.0
32
33
34
35
36
37
Life inaumnce companies
Private penaion funds
State and local govt. retimnent funds
71.6
160.7
212.8
63.2
162.6
286.0
54.2
163.5
261.6
75.1
143.8
272.4
79.9
129.8
271.4
74.7
128.8
255.7
74.4
128.0
255.0
70.7
121.7
232.4
66.4
122.5
217.4
66.5
118.4
209.9
70.1
112.6
194.8
35
36
37
38
39
40
Mlllllal funda
Money marlcet mlllllal funds
Govemment-sponaoffii enlerpriaes
8.2
7.7
39.2
3.0
12.7
26.9
3.3
23.7
33.2
5.9
30.6
31.5
6.3
43.4
41.2
5.1
49.7
46.1
8.1
50.5
71.0
3.0
49.5
71.6
4.7
48.3
79.8
5.5
53.2
72.6
2.6
56.0
78.6
38
39
40
41
42
43
Finance companies
74.5
7.0
22.6
64.2
5.8
21.5
70.0
8.8
27.2
61.6
8.7
26.7
87.6
10.0
32.3
91.3
9.4
30.1
86.6
8.9
28.8
101.9
8.4
26.8
110.6
9.3
30.0
108.3
10.0
25.2
124.5
10.8
25.5
41
42
43
-772.2
-717.2
-887.6
-988.6
-1081.0
·1098.4
-1213.2
·1246.8
-1354.7
-1295.8
-1364.8
44
44
•
Q2
REIT•
Brokers and dealers
Dio=pancy
104
Z.1, September 15, 1997
B.100 Balance Sheet of Households and Nonprofit Organizations (1)
Billions of dollars; levels, not seasonally adjusted
.,._.
2
3
4
5
6
7
8
Tangible aaaets
Real estate
Hou,ebolds ('2,3)
Noapmfit oqJBDizaliona
F.quipment owned by noapmfit
oqJBDizaliona (4)
Commnerd11111ble gooda (4)
Financialauets
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
18311.7
19S93.6
213'5.0
234112.6
24200.3
25917.7
27089.2
211459.S
2'459.2
32422.A
35331.6
1
7146.6
7724.4
8398.6
9107.9
9324.3
9469.7
9732.9
9977.2
10313.5
10797.2
11443.1
2
5719.3
5040.7
678.6
6176.7
5465.2
711.5
6712.6
5954.4
758.2
7296.0
6494.9
801.1
7405.5
6608.5
797.0
7478.0
6716.0
762.0
7665.9
6948.8
717.1
7802.3
7105.0
697.3
8015.0
7281.9
733.1
8396.0
7631.0
765.0
8926.1
8119.5
806.6
3
4
5
37.6
1389.6
40.8
1506.9
44.6
1641.4
48.5
1763.4
52.6
1866.3
1935.1
62.0
2005.0
67.0
2107.9
72.2
2226.3
77.7
2323.4
84.4
2432.5
6
7
11165.1
11869.2
12996.4
14374.6
14876.0
16448.0
17356.2
18482.4
19145.7
21625.3
23888.6
8
2695.6
8.8
436.4
2024.9
225.6
2840.6
9.8
436.5
2147.4
246.9
3029.2
10.7
414.6
2342.1
261.8
3182.8
11.9
404.1
2428.8
338.0
3241.7
13.4
385.6
2477.7
364.9
3244.4
14.6
426.6
2423.7
379.5
3226.8
15.6
523.6
2349.1
338.6
3161.6
15.8
3351.0
23.4
499.9
2376.2
451.6
3552.3
33.2
438.3,
2236.0
337.9
3138.0
18.8
542.3
2225.6
351.3
9
10
11
12
13
835.9
30.6
256.6
228.7
93.3
135.4
27.9
352.6
107.3
88.8
1016.4
32.9
294.5
1291.2
1502.2
63.2
519.3
393.6
126.2
267.4
125.7
1702.4
45.5
2029.1
46.7
1991.8
593.0
965.5
690.0
179.9
153.7
476.7
171.9
304.8
116.3
909.9
669.4
185.0
585.6
556.8
198.8
146.5
1594.8
33.3
505.1
381.0
138.1
242.8
124.1
614.1
288.9
153.3
1674.7
29.9
615.5
461.8
157.3
110.5
1197.1
67.3
394.1
342.2
100.6
232.6
52.0
523.8
121.2
90.7
284.4
159.4
325.1
182.0
275.5
500.8
326.6
189.5
56.6
9
10
11
12
13
Deposits
fomsn deposits
Cbockable deposits and C\IDHcy
lime and
deposits
Money maut fund 111ares
14
15
16
17
18
19
20
21
22
23
Credit 1111m1 inatrumen11
Open mamt paper
U.S. govemment oecurilies
24
25
26
27
28
Corpomte equities ('2)
Mutual fund.._..,. (5)
Security credit
Ufe inaumnce maervea
Pension fund maerves
1418.3
333.2
44.0
274.9
2274.3
1384.2
381.7
39.1
301.0
2432.4
1639.9
401.3
40.9
326.6
2668.7
1963.6
469.1
53.2
355.3
3137.5
1795.4
467.8
62.4
380.9
3388.2
2577.9
586.6
87.0
406.8
3876.9
2923.2
727.9
76.2
434.8
4218.1
3216.6
990.9
102.3
470.8
4663.3
3059.9
1047.4
t()l).0
505.3
4871.8
29
30
31
lnveatment in bank penonal tr111t1
F.quity in nonoorpotate buline11 (6)
Miacellanoo111 aaaets
429.t
2710.0
149.8
442.1
2856.7
174.9
470.3
3031.1
191.3
541.4
3174.2
206.2
551.7
3261.2
224.4
639.3
3200.3
234.1
660.6
3162.8
251.0
691.3
3219.2
264.1
32
33
34
35
36
37
38
39
40
41
42
43
•Ying•
n-,,y
Savings bonds
Olber TtealUI)'
A8e1lllY
Mllllicipal oecurities
Corpomte and fomeign bonds
Mo,:tpges
Lillbllllln
Credit 1111m1 inalruments
Home mortpges
Conaumer credit
Mllllicipal oecurities (7)
Bank loana n.e.c.
Olber loana and advances
Commei:cial mortpges (7)
Security credit
payables (7)
Defermd and unpaid
life U1111D1DOe pn,miuma
Ttade
Net-U.
259.5
101.1
158.4
35.0
452.6
125.9
56.9
402.6
322.5
117.7
204.8
80.1
547.2
155.3
129.2
514.5
304.5
511.9
2550.2
530.7
484.4
2068.6
82.6
989.7
680.0
187.0
493.0
240.5
309.8
442.4
411.5
371.5
213.3
16
17
18
19
20
21
22
23
550.2
5591.3
4651.3
1582.9
162.9
593.8
6257.7
24
25
26
27
28
699.4
3416.3
269.5
767.4
3620.8
285.4
872.0
3850.3
296.8
29
30
31
510.1
59.9
381.0
198.6
4086.1
1247.8
127.6
14
15
292.2
21129.4
3122.JI
3412.1
3701.3
3'05.7
4103.7
438U
473U
510U
5467.2
32
2484.3
1603.8
649.9
79.1
30.1
83.2
38.3
2741.1
1822.7
683.1
78.2
28.3
84.4
44.4
3022.3
2032.9
741.9
79.5
20.1
88.9
59.0
3295.6
2236.9
81.9
18.6
90.3
72.8
3577.1
2486.8
810.2
83.9
12.8
100.9
82.5
3757.1
2654.1
796.7
89.9
10.8
110.2
95.5
3952.1
2816.7
801.0
99.1
15.0
119.5
100.9
4203.5
2971.0
863.0
111.1
23.4
126.6
108.5
4550.0
3164.3
988.1
125.6
35.9
134.7
101.5
4910.1
3358.1
1128.6
131.4
4!1.9
144.6
97.5
5244.7
3592.9
1214.9
135.7
4!1.5
146.2
105.6
33
34
35
36
37
38
39
57.4
26.6
41.8
31.4
43.5
41.5
42.5
57.6
38.8
68.9
55.1
77.7
53.5
82.5
76.1
89.8
75.1
94.0
78.6
102.4
94.3
108.9
40
13.9
IS.I
15.5
16.4
16.5
15.7
15.8
16.6
17.5
18.4
19.3
42
15729.5
1'7'4.2
11272.3
20070.4
20499.0
22012.8
22985.4
24073.4
24722.6
2731:Z.,
2'11'4.5
43
3616.6
3386.4
133.6
4150.4
3901.4
142.5
106.5
420.7
4408.5
4151.4
146.9
110.2
444.3
4607.3
4343.1
!Sl.2
113.0
4!185.5
4713.9
156.8
114.8
493.3
574!1.9
5459.0
170.7
120.2
551.5
6020.5
5724.0
175.0
121.5
575.1
6348.5
6044.6
179.6
124.4
597.3
46
465.0
4710.0
4445.9
152.0
112.1
474.9
5328.8
377.0
3876.6
3636.3
138.4
102.0
398.1
3198.3
3374.5
3652.7
3906.1
4179.4
4356.9
4626.7
4829.3
5052.7
5355.7
5608.4
49
4!11.8
496.8
500.2
513.8
490.5
505.2
4!16.8
498.5
489.3
510.0
532.5
50
3436.9
3642.5
3921.5
4258.0
4121.7
4062.0
4132.2
4134.0
4117.6
4272.9
4526.6
51
68.2
66.6
65.9
65.6
62.4
60.5
59.5
58.2
56.5
56.0
55.7
52
195.0
41
Memo:
44
45
46
47
48
49
50
51
52
Replacement...,.t wluo of llrllCnnt:
Residential
Hou,ebolds
Rum bo111ebolds
Nonprofit mganizaliom
Nonretidential (nonplOfits)
Diapo.ble .,.,_,m1 income
Ho111ebold net worth as pen,elllllge of
di,po•ble pencml income
Owners' equity in bouaebold real
••te (8)
Owners' equity as pen,entage of
bo111ebold real es•te (9)
96.6
( 1) SeclDr includes wm bomeholda.
(2) At 1111rloet 'Vllue.
(3) Includes vllCAllt land and \'IC8III homos for sale.
(4) Al ,eplacement (currellt) COIL
(5) Valuo bued oo tho mubt 'Vll11<1 of equities held and tho book valuo of other uaet1 held by mmal funds.
(6) Ow""'• equity in nooccrporste buaineu, farm buline11, and unincorporated l<Cllrity trolllen and deslen.
(7) Liabilities o f - f i t orpaizatiom.
(8) Lim: 4 lea1 line 34.
(9) Lim: 51 divided by line 4.
5049.6
162.2
117.0
521.6
44
45
47
48
•
105
Zl, September 15, 1997
B.102 Balance Sheet of Nonfann Nonfmancial Corporate Business
Billions of dollars; levels, not seasonally adjusted
1986
-
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
Wllh taqpble - - llt dlher manot ..iue or replace...,,t ..,.,
7837.8
83429
9074.0
"20.8
981U
'799.8
9787.7
10120.2
107S2.6
11487.8
12261.7
Tangible assets
5169.6
5440.1
5788.3
6101.7
6182.5
6035.7
5856.0
5831.2
6185.3
6512.3
6876.1
2
3
4
5
Real eatallO (I)
F.quipment (2)
InvenlOries (2)
2936.3
1502.1
731.2
3083.4
1567.7
789.0
3288.5
1652.5
847.4
3471.9
1735.8
894.0
3429.0
1828.1
925.4
32~.9
1875.8
913.0
3006.5
1925.1
924.4
2874.4
1994.1
962.7
3051.3
2092.3
1041.7
3187.1
2222.2
1103.0
3383.1
2360.6
1132.3
3
4
5
6
Financialusets
2668.2
2902.7
3285.7
3519.1
3634.4
3764.2
3931.7
4289.0
4567.3
4975.5
5385.6
6
17.2
93.0
119.7
18.1
5.1
10.2
42.7
25.1
50.2
37.8
750.7
15.7
1482.8
14.4
104.8
116.6
189
3.4
15.0
34.4
19.4
51.5
45.1
814.3
12.8
1652.1
20.2
134.9
98.8
15.6
5.0
13.6
34.0
16.8
68.1
60.8
895.9
10.6
1911.2
13.3
151.1
89.7
16.2
2.8
14.3
60.6
32.4
15.0
182.5
66.8
31.5
1.6
14.7
48.5
63.8
938.0
11.7
2070.9
13.2
166.8
73.4
26.3
2.1
13.8
40.9
24.7
52.8
67.1
967.2
9.7
2176.3
59.0
63.0
961.4
14.8
2260.5
14.3
189.4
51.8
47.3
5.1
17.0
69.2
45.8
60.0
65.7
988.9
21.1
2355.8
12.9
203.1
74.1
44.8
2.5
19.4
67.9
54.7
52.3
77.2
1035.0
29.8
2615.3
14.0
221.6
67.5
52.2
2.2
18.8
70.7
56.7
56.4
86.6
1107.0
31.1
2782.6
15.0
239.0
65.9
77.0
2.4
19.9
65.0
55.4
61.5
85.1
1205.9
45.7
3037.7
25.4
285.9
67.1
84.2
3.8
30.7
76.8
47.8
69.0
77.7
1266.8
58.6
3291.8
7
8
9
10
II
12
13
14
15
16
17
18
19
Jel.2
m4.o
41fl.7
4532.7
472U
482,.S
510,.7
l!B.6
5'27.4
'°22.0
~.2
20
1802.4
62.9
117.1
705.4
481.1
289.6
1~.4
1984.1
73.8
116.2
784.1
485.1
322.6
202.3
2187.6
85.7
116.4
887.2
517.9
372.9
207.5
2380.5
107.1
115.5
961.1
542.8
418.9
235.1
2492.1
116.9
115.2
1008.2
545.5
473.1
233.3
2432.6
98.5
114.0
1086.9
507.7
410.2
215.3
2470.0
107.1
114.0
1154.5
488.4
412.6
193.4
2528.6
117.8
113.9
1229.7
477.6
388.4
201.2
2667.5
139.2
108.8
1253.0
521.0
422.0
223.5
2875.9
157.4
96.3
1326.3
583.7
453.0
259.2
3053.1
156.4
78.8
1398.8
632.0
473.5
313.6
21
22
23
24
25
26
27
478.0
576.l
626.3
41.5
!569.5
6<49.4
1378.4
597.9
~.5
1507.9
33.3
1714.5
682.8
40.5
1916.4
719.3
42.5
2098.2
796.5
44.9
2118.4
870.3
44.2
2231.6
922.7
45.3
2344.1
28
29
30
2
t
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Foreign deposits
Checkable deposits and cunency
and
deposits
Money marlcet fund shares
Security RPs
Commercial paper
U.S. govemment oecurities
Municipal oecurities
Mortgages
Conswner credit
Tlllde """'iYBbles
Mutual fund 11111rea (I)
nme
•ving•
Milcellaneous assets
Lilllllllda
54.4
44.8
21
22
23
24
25
26
27
Credit mall<et imtnlments
Commercial paper
Municipal oecuritie1 (3)
28
29
30
Trade payables
Taxes payable
Milcellaneous liabilities
1175.0
522.4
47.9
1219.7
JI
Net-,,(IIWloet ftlue)
43JU
45'8.9
4882.J
54188.1
54117.5
4'70.1
4'71.0
4731.6
S125.2
54'5.8
5119'.5
JI
59.3
2102.5
62.6
2207.1
65.3
2348.2
67.1
2~4.2
68.6
2563.5
69.4
2592.8
72.3
2666.1
74.0
2805.0
76.1
2955.8
78.4
3086.8
87.0
3217.2
32
33
1978.1
41.5
91.1
45.6
2014.6
43.4
98.5
44.1
2216.7
2673.1
44.8
~-8
98.7
45.4
89.1
52.5
2529.7
49.0
98.5
49.7
3497.0
48.9
69.6
70.4
3827.9
52.8
64.5
81.8
4126.0
53.4
61.3
87.2
4141.8
52.0
64.4
80.8
5481.1
52.6
52.5
100.3
6367.4
51.8
47.9
108.0
34
35
36
37
S712.I
6210.,
67'0.4
71ff.J
7474.J
7725.2
8052.7
8'05.0
,120
9854.J
l«m7.4
38
3114.0
12<4'.1.5
1143.0
721.5
3308.2
1321.0
1204.7
782.6
3504.7
1400.3
1269.4
834.9
3680.1
1474.5
1341.8
863.9
3839.9
1552.1
1412.4
875.4
3961.0
1622.6
1471.7
866.8
4121.0
1681.6
1536.9
902.5
4316.0
1753.8
1621.5
940.6
4557.6
1833.9
1727.7
996.0
4878.8
1934.1
1863.8
1080.8
5141.8
2049.9
2009.7
1082.1
39
40
41
42
2283.,
2437.0
2598.7
2'66.5
2744.8
211fS.4
2H3.0
3216.4
3497.6
3132.J
4162.2
43
22.5
1103.1
78.9
23.8
1164.8
81.4
25.0
1225.5
84.2
26.1
1286.2
89.3
27.2
1356.9
90.8
28.2
1420.1
84.0
29.3
1474.6
83.9
30.3
1538.6
78.6
31.1
1605.4
76.3
32.6
1687.7
75.0
35.1
1781.7
73.4
44
45
CorpomllO bonds (4)
Bank loam n.e.c.
Other loam and adwnoes
Mortgage•
42.8
49.6
Memo:
Replaoement=st value of IIINClllln:
32
33
34
35
36
37
Rnidential
Nonreaidential
Markel wlue of equities outl1Bnding
(includes oorpomo fom, equities)
Debi/net worll1 (percent) (5)
Debi/equities (peroent) (6)
F.quitie&'net word, (percent) (7)
Wllb,_,..ble _ _ _ _
31
39
40
41
42
•
-(8)
Tangible assets
Real eatallO
F.quipment
Inven1Dries
43
Net-,, (Noterlail . . .) (9)
44
45
Memo:
Hi 11Drical=st wlue of lltnlCtun,s:
Rnidential
Nonreaidential
~
Debi/net word, (peroent) (I 0)
_,
(1) At morl<et wluc.
(2) Al n,plaoement (cunmt) COit.
(3) Industrial n,venuc bonds. h1ued by state and looal govemmoou to fimnce private inveatmem and IOCUl'Cd in intentt and principal by the iudwttial mer of the funds.
(4) Through 1992, corpol&te bonds include net ialUCI by Netherland& Antillean fiDIDcial 1uboidiarie1, and U.S. direct inve11JDOD1 abroad cxclwea net inflows from those bond iuuca.
(5) Linc 21 divided by lint 31.
(6) Linc 21 divided by line 34.
(7) Linc 34divided by line 31.
(8) Smnofline16and 39.
(9) Linc 38 Jes, line 20.
(10) Linc 21 divided by line 43.
~
106
Z.1, September 15, 1997
R.100 Change in Net Worth of Households and Nonprofit Organizations
Billions of dollars; not seasonally adjusted
1
2
Change In net wwth (1)
Net investment
1986
1987
1988
1989
14'7.5
1034.ll
1508.0
17'8.2
516.0
432.5
504.5
432.8
1991
1992
1993
1994
1995
1996
428.5
1513.0
'73.4
1088.0
'49.2
290.2
2551.6
592.7
374.1
525.8
430.0
501.2
384.9
422.0
2
216.5
683.6
467.2
154.7
646.3
491.6
195.9
714.8
518.9
251.9
785.0
533.1
293.1
861.0
568.0
292.4
890.1
597.7
324.9
943.3
618.4
3
4
97.2
483.9
386.7
6
7
8
1990
3
4
s
Net physical investment
Capital expeodinm,s
- Comumption of futed capital
242.4
592.3
349.9
246.0
625.1
379.1
263.9
670.7
406.8
249.1
692.9
443.8
6
7
8
Net financial inve11ment
Net acquilition of finanoial - Net increa1e in liabilities
273.6
530.9
257.3
186.6
473.3
286.8
240.7
504.7
264.0
183.7
4.57.4
273.8
376.2
631.3
255.l
219.4
419.8
200.4
329.9
524.2
194.3
178.1
4.SS.2
277.1
208.1
347.7
92.4
460.2
367.7
969.2
582.7
1003.2
1383.5
-129.6
1089.0
471.2
677.1
135.2
2287.1
2103.5
9
363.8
378.7
22.4
118.0
329.3
98.5
-12.8
160.4
412.0
366.9
9.9
166.2
463.3
408.0
36.5
150.2
I.I
-142.2
-28.8
49.5
-15.6
815.8
15.4
-83.7
79.2
320.5
7.5
-75.2
-4.4
361.7
57.2
42.2
60.6
-13.7
-10.7
153.4
232.4
1184.9
91.2
176.5
368.9
838.5
22~.8
10
II
12
13
58.3
10.7
21.0
273.6
13.4
287.0
110.9
190.6
-44.8
484.3
424.7
14
28.0
-3.3
27.3
51.8
-22.6
70.1
28.4
29.8
-9.7
117.7
92.1
IS
9
10
II
12
13
14
IS
16
17
18
19
HoldiJl8 sainl on aueu sta!N
at marbt value (2)
Real elllalli!
CorpomliO equities
Mutual fund shares
Equity in nonco,porate bulineu
life llllUIIIDCe and
pension fund ~aerve1
lnvellment in bank penonal
lrllltS and estates
HoldiJl8 gains on allffl llla!N
atcmrentcott (2)
Consumer dumble goods
Equipmont
Other faclOrl (3)
SSS.9
ISS.S
s
8.9
7.9
13.6
6.6
7.1
12.9
-6.6
2.9
-4.2
-27.2
-26.5
16
7.8
1.0
7.0
0.9
12.3
1.3
5.7
0.9
S.6
1.4
12.3
0.6
-7.2
0.6
3.0
-0.1
-4.8
0.6
-29.1
1.9
-26.l
-0.5
17
18
-26.6
11.6
-13.2
-24.6
-41.6
37.1
-17.0
-22.0
17.0
-54.5
52.7
19
15729.5
3198.3
16764.2
3374.5
18272.3
3652.7
20070.4
3906.1
20499.0
4179.4
22012.0
4356.9
22985.4
4626.7
24073.4
4829.3
24722.6
5052.7
27312.9
5355.7
29864.5
5608.4
20
21
Memo:
20
21
Net worth o-nding (4)
Diapo•ble penonal income
{I) Smnof net inveslmed (lino 2), h:>lding gailll (linos 9 and 16), and other fac:ton (lino 19).
OUIIIUdiDg durlng period leis net pm:buea durlng period.
(2) Calculated u cbange
in,,,.,.,..
(3) Comiau of ellDJIIIIU of land pm,buea, diffemre between aeries fo< comumplion of fued capilal pulmh<d by BEA, and llalittical ditoonlinuitiea.
(4) Table B.100, lino 43.
•
• q\,·'
107
Zl, Septmlber 15, 1997
R.102 Change in Net Worth ofNonfann Nontinancial Corporate Business
Billions of dollars; not seasonally adjusted
1987
1986
With..,..... -
°"""'
1988
1989
1990
1991
1992
1993
1994
1995
1996
..iuec1 at ellher muut or ftplllcement . . .,
145.4
229.3
313.4
'11)5,7
-0.6
-117.4
-2'2.1
53.7
3'3.6
340.6
430.7
-27.3
-1.8
-78.6
-126.4
-41.9
127.4
94.5
276.7
161.2
160.9
172.7
2
Net phyllical investment
Capital expendit=s
- CollllllDption of fixed capital
• Jnventoty valuation adjustment
• Access rights from fed. government
75.7
339.1
251.3
11.4
0.8
113.1
354.3
261.8
-20.7
0.2
111.7
360.4
277.8
-29.3
0.3
111.7
389.9
295.6
-17.5
0.2
89.3
382.7
306.6
-13.5
0.2
46.4
368.8
318.4
4.0
-0.1
61.3
382.3
328.5
.7.5
0.0
115.9
445.6
338.2
-8.6
0.0
169.4
511.6
358.2
-16.1
0.0
214.4
568.5
370.7
-24.3
7.6
201.7
593.5
390.5
-2.5
3.8
3
4
5
6
7
8
9
10
Net financial inveatment
Net acquilition of f111Bncial auets
• Net increue in liabilities
-18.0
172.1
190.0
-39.4
234.6
273.9
-60.7
382.9
443.7
-113.9
233.5
347.4
-68.3
115.3
183.5
62.7
129.8
67.1
6.2
167.5
161.3
139.4
357.3
217.9
36.7
278.3
241.6
4.9
408.2
403.3
35.2
410.2
375.0
8
9
10
11
Corpomte equity iuues
-85.0
.75.5
-129.5
-12-4.2
-63.0
18.3
27.0
21.3
-44.9
-58.3
-6-4.2
11
36.6
35.4
I.I
101.1
101.3
-0.2
155.6
155.1
0.5
143.7
141.1
2.5
-88.6
-87.6
-1.0
-217.2
-219.9
2.7
-266.9
-268.2
1.3
-169.6
-171.5
1.8
131.9
132.7
-0.8
81.5
71.5
10.0
127.8
118.2
9.6
12
13
14
77.7
40.1
8.0
37.9
8.2
62.3
56.9
7.4
0.7
2.7
43.2
49.6
-1.0
·12.4
-6.9
105.3
60.6
12.8
25.9
-5.9
13.3
27.5
-7.3
-9.9
-2.9
-13.3
21.8
2.0
-33.6
3.6
-11.3
19.3
4.3
.33.5
1.4
47.5
25.1
14.9
- Foreign direct inveltment in U.S.
52.7
45.7
0.8
14.4
8.2
2.6
26.0
24.4
0.9
-5.4
-6.1
19.5
20.1
5.0
-6.0
-0.3
15
16
17
18
19
Olherfacton (4)
83.5
52.3
174.1
145.3
24.7
-41.0
-106.4
-42.1
53.0
72.3
110.8
20
4339.6
4568.9
4882.3
5088.1
5087.5
4970.1
4678.0
4731.6
5125.2
5465.8
5896.5
21
llU
153.1
161.8
67.1
71.3
1!0.6
~.5
273.4
281.2
334.7
330.0
22
2
3
4
5
6
7
12
13
14
15
16
17
18
19
20
in net -rth (1)
Net investment flow
Holding gains on uaet111111ed
at marlrd value (2)
Real ellllliO
Mutual fun:l lhlm
Holding gains on auets 11111ed
II CUll'ent COIi Je11 holding
gains on liabilitiea lllled
at CUll'eDI coll (2)
E,quipment
Jnvenbriea (3)
DillDCI inveatment abroad
IO.I
Memo:
21
Net M>l'lh ollllllnding (matbt value)
Wllh'-llfble_ .....................
22
23
24
25
26
27
28
29
a..,.. In n e t ~ (5)
Net investment flow
-27.3
-1.8
-78.6
-126.4
-41.9
127.4
94.5
276.7
161.2
160.9
172.7
23
Net physical investment
Capital expendit=s
• Collllllllption of fixed capital
• lnvem>ry valuation adjustment
- Access rights from fed. government
75.7
339.1
251.3
11.4
0.8
113.J
354.3
261.8
-20.7
0.2
111.7
360.4
277.8
-29.3
0.3
111.7
389.9
295.6
-17.5
0.2
89.3
382.7
306.6
-13.5
0.2
46.4
368.8
318.4
4.0
-0.1
61.3
382.3
328.5
.7.5
0.0
115.9
445.6
338.2
0.0
169.4
511.6
358.2
-16.1
0.0
214.4
568.5
370.7
-24.3
7.6
201.7
593.5
390.5
-2.5
3.8
24
25
26
27
28
Net financial inveatment
-8.6
• Net increue in liabilities
-18.0
172.1
190.0
-39.4
234.6
273.9
-60.7
382,9
443.7
-113.9
233.5
347.4
-68.3
115.3
183.5
62.7
129.8
67.1
6.2
167.5
161.3
139.4
357.3
217.9
36.7
278.3
241.6
4.9
408.2
403.3
35.2
410.2
375.0
29
31
32
CorpomliO equity iuues
-85.0
.75.5
-129.5
-124.2
-63.0
18.3
27.0
21.3
.44.9
-58.3
-6-4.2
32
33
Valuation adjustment on
repmclucibJe UICIB (6)
·2.5
11.1
1.1
-18.9
-7.4
-3.7
26.0
3.7
-9.2
23.7
-22.8
33
34
Holding gains on mutual fun:! lhlR• (2)
1.1
-0.2
0.5
2.5
-1.0
2.7
1.3
1.8
-0.8
10.0
9.6
34
35
36
37
Holding gains on auets lllled
at c1111ent coll Je11 holding
gains on liabilitie111111ed
at CIID'Cnt coll (2)
Direct inveatment abroad
- Foreign direct inveatment in U.S.
6.2
14.4
8.2
29.7
37.9
8.2
-2.0
0.7
2.7
.5.5
-12.4
-6.9
31.9
25.9
-5.9
-7.0
-9.9
-2.9
-37.2
-33.6
3.6
-34.9
-33.5
1.4
7.5
10.1
2.6
0.7
-5.4
-6.1
-5.7
-6.0
-0.3
35
36
37
38
Olher fac11>n (4)
147.2
114.2
240.7
216.1
96.8
31.2
·37.0
26.1
122.4
139.5
176.1
38
2283.9
2437.0
2598.7
2666.5
2744.8
2895.4
2943.0
3216.4
3497.6
3832.3
4162.2
39
30
Net acquisition of financial
auets
30
31
Memo:
39
Net wol'lh ollllllnding (hialorlcal coll)
(1) S1m1of not in-...tmem llow (lino 2), holding gains (lmoa 12 and 15), and other filcton (liuc 20).
(2) Calculated u change i n · - OIDlanding during period le11 ,,., purchuu during period.
(3) Before invemory valuatiooadjmlmenl.
(4) ColllUII of ellimatel of land pun,hllea, diffema ~ n Krie1 for consumption of fixed capilal publiabocl by BEA, and aliatical diocolllinwiea.
(5) S1m1of not inveatmeDt llow (lino 23), valUltion adjllllmed on tqm>ducil,le alletl (liuc 33), holding pins (liuc1 34 and 35), and other filcton (liuc 38).
from the NIPA
in the colclulion of bistoricaJo()Oa inve- llowa; also idlocta a d j _ , for idenectollll lnnlfen
(6) Effect of diffe.- IIUIIIIOIII ol certain items in BEA capilal
"""°""'
ol.-..
"""°"""
108
Z.l, Sejltember 15, 1997
F.100.a Nonprofit Organizations (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
1988
1989
1990
1991
1992
1993
1994
1
Net llmnclal 1....-.
44.1
24.6
19.3
2U
2'.4
7.7
38.S
2
Net..,...llenof ........ _lB
71.0
ff.3
55.9
79.3
55.6
69.9
2
3
4
5
6
Checkable deposits and currency
Time and savins• deposits
MoDOy llllmt fund W~S
Security llP1 (2)
0.5
-0.2
-13.1
0.4
-1.0
5.4
4.9
3.1
1.3
-6.2
-1.2
-2.2
4.0
10.4
32.9
-1.3
'"
1.2
-2.4
4.0
6.0
1.7
-1.5
-13.8
0.5
-2.5
0.2
I.I
0.2
4
5
6
7
Credit mmbt inatruments
51.6
22.6
23.4
-7.5
34.9
'46.0
23.4
7
34.4
11.5
3.2
8.2
-10.4
18.6
27.8
-9.2
6.2
10.5
-2.9
13.4
-29.9
14.2
7.8
-3.3
18.2
13.4
4.7
15.6
19.6
9
10
11.2
1.2
16.2
13.7
2.5
-0.0
6.6
' -0.8
1.9
11.5
0.9
, -1.9
9.3
-0.7
0.1
8.2
-0.1
-0.1
19.3
,0.9
2.2
6.9
1.6
0.4
5.8
-0.1
12
13
14
7.8
-0.2
10.3
1.3
16.1
0.9
-0.6
1.4
4.9
3.0
1.3
-3.2
31.2
2.0
2.8
2.8
2.8
2.8
2.6
2.6
2.0
.2.0
I.I
1.1
0.8
1.8
3.1
1.0
-0.1
· 18.6
-3.9
21.0
-6.0
24.5
15.2
20.:5
10.6
:u
7.0
15.0
0.2
10.1
2U
44.6
Y,,7
52.7
3JA
l,1Jj
31.4
8
9
10
11
12
13
14
Open meibt paper
U.S. s<>vemmont securities
Treallll)'
Agency
Municipal securities
Co'l"'ta"' and foreign bonds
Mortpges
.6.4
8.4
•
8
II
'<L
15
16
Co'l"'ta"' equities
Mutual fund lillff1
17
18
Security CJIOClit
Tmde mceivables (2)
19
20
Equity in noncorpom1e busiDIOII
Milcellanoo111 uaets (2)
21
22
23
24
25
26
Netl.-lnllallMldell
'·
Credit nmtet Ullllllmellts
7.3
Municipal aecurities
Bank I08111 n.e.c.
Other loam and advances
,1.3
0.2
-0.0
Commetcial monpges
5.8
11.0
10.8
16.5
2.5
-5.2
-0.0
13.8
1.9
6.0
-2.8
0.4
12.9
-I.I
0.3
9.7
16.9
24.7
13.7
' 9.3
2.4
-0.2
5.4
11.9
5.0
0.1
7.7
14.5
6.4
0.1
-7.4
15
16
.,
19
20'~21
Tmde payables
Milcellamo111 liabilities (2)
2.5
17.2
... l!S.l
17.5
11.3
14.5
8.8
27.4
4.7 '
17.8
>
,,:1
_.:,.,cl
~..~,.
>•\ ., " •
·-
·"' r·
1;.l
);~
27
28
7.4
15.8
4.2
13.6
17
18
"
.,.
22:.
23'
24
25
26
27
28
:\".('
..::·
(I) Doea DOI include "'ligioul orpmzatiom or orpnizatiom with lcu than $25,000 in groo1 anmal receipll.
(2) Not included in table F.100.
.,
Zl, September IS, 1997
109
L.100.a Nonprofit Organizations (1)
Billions of dollars; levels, not seasonally adjusted
Telal llmncilll -
•
.~
2
3
4
Cbocbble deposits and cum,ncy
nme and
deposits
Money llllrl<et fund Ibara
•Ying•
s
Security RPs (2)
6
Cmdit IIIIUket instrumenll
7
8
9
10
Open nmvt paper
U.S. govemment oecuritiel
Treuu,y
Agency
1988
1989
1990
1991
1992
1993
1994
541.5
'49.0
'88.0
796.5
8'8.5
'42.0
1004.4
I
17.0
15.9
1.5
6.8
20.8
4.8
21.3
11.1
22.S
8.7
15.9
1.7
17.3
0.6
19.6
2.5
52.S
56.S
7.3
21.6
7.3
43.8
8.0
2
3
4
1.3
24.1
7.1
42.7
7.8
s
201.4
224.0
247.4
240.0
274.9
320.9
344.3
6
67.3
97.3
64.8
32.6
56.9
63.2
126.4
89.7
. .36.8
33.3
140.6
97.S
43.1
29.9
158.8
110.9
47.9
<45.S
178.4
119.4
59.0
46.7
194.6
133.1
61.S
7
8
9
10
0.2
63.2
2.8
0.1
82.S
3.7
2.3
89.4
5.3
2.7
95.2
5.2
II
12
13
115.9
'92.S
:23.4
~
Municipal oecuritie1
Corpomte and f=ign bondl
..
0.0
34.2
2.6
• 'l.9
<45.7
•.3.S
1>.0
55.0
2.8
122.0
12.7
167.2
17.3
167.8
16.9
192.6
22.2
201.8
27.1
219.0
26.0
243.4
27.1
14
15
•25.7
25.7
,.23.5
28.5
31.1
31.1
33.1
33.1
35.0
36.1
38.1
37.1
16
17
·;!16.1
92.0
22.2
112.9
,16.2
137.4
31.4
158.0
3:U
34.3
''.
42.0
159.2
49.0
174.2
49.2
184.3
18
19
JO.\, I..Wlllllle9
W.2
WT.I
404.5
457.2
eu
544.4
575.fl
JO
21!, Omit matbt instruments
~
165.3
176.1
192.6
20P.S
234.2
247.9
21
22 •.
,79.S
819
10.3
0.3
72.8
83.9
9.2
0.5
82.S
89.9
6.4
0.9
95.S
99.1
15.5
',l).3
iJ9.0
Ill.I
13.8
0.8
108.S
125.6
19.9
0.9
101.5
22
23
24
25
41.5
127.4
57.6
144.9
68.9
159.4
n.1
82.S
186.8
204.6
89.8
220.4
94.0
233.9
26
27
II
12
13
Mortgages
15
Corpomte equitiel
MUIUII fund Ibara
16
17
Security credit
Tolde a,ceiwbln (2)
18
19
Equity in DOIICOIJIOlll!e busineu
Miloellamo1111ue11 (2)
14
>J.
23
24
25,.
26
27
Municipal oecuritie1
Bank loam n.e.c.
Other Joana and advanoe1
Commeraal mortgage•
Tolde payables
Miloellamo111 liabilitie1 (2)
,i.
(I) Doea not lnclulie n:ligioua orpniDdcaa or orpniDdcaa with le11 than $25,000 in groo1111DUU ,-ipta.
(2) Jllot ¥~.in ta.Ille L.,10(!.
,:, :,"':'~=
8.8
0.7
I00.9
-..;·
--~
.... -
Board of Governors of the
Federal Reserve System
Washfngton, D.C. 20551-0001
OFFICIAL BUSINESS
First Class
@FedFRASER