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FLOW OF FUNDS
ACCOUNTS,
1945-62
1963 SUPPLEMENT

Board of Governors
of the Federal Reserve System
Washington




FLOW OF FUNDS
ACCOUNTS,
1945-62
1963 SUPPLEMENT




Board of Governors
of the Federal Reserve System
Washington

TABLE OF CONTENTS

Page

Preface

iii

Guide to Tabular Presentation

viii

Section

I

Assets and Liabilities, 1945-62 ........................................................................

2

II

Annual Flows, 1946-62 ...................................................................................

49

III

Quarterly Flows, Seasonally Adjusted, 1952-62 .........................................................

97

SECTOR AND TRANSACTION ACCOUNTS

Table

Footnotes
(Page)

Levels

Annual
flows

(Page)

(Page)

Seasonally
adjusted
Quarterly flows
(Page)

ii
49
51

97
105

Summary Tables

1
2
5
6
7

Summary Matrix of Annual Flows, 1962 ...............
Saving,Investment and Financial Flows ...............
Principal Financial Transactions
................. .
Matrix of Assets and Liabilities
...................
Summary of Principal Financial Assets and Liabilities

4, 8

Sector Statements
............. • .................
Consumer and Nonprofit Organizations
.............
Farm Business
"1

55,

4

4
4

54
54

109
109

Noncorporate Nonfinancial Business
...............
Corporate Nonfinancial Business
J

55,

5

5

56

115

55,

7

7

1
2

Sector Tables

(A)
(B)
(C)
(D)
(E)
(F)
(G)

Federal Government
State and Local Governments
15

16
17

4, 8 (H)
9
10

11
12

15

14

4, 8 (I)

J ..................

Banking System .....................................
Commercial Banks
.................................
Monetary Authorities
............................

55, 25
25
27

Nonbank Financial Institutions

55, 11
14

Savings Institutions
.
Mutual Savings Banks

.

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

........................
~1

58

121

60, 75
74
75

127, 159
162
165

11

60

127

14

64

155
157

9, 25
26
27

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

15

15

65

Insurance ........................ .................
Life Insurance Companies
Noninsured Pension Plans
Other Insurance Companies

17

17

67

145

18

18

68

145

20

20

70

151

21

21

71

155

55, 15

15

62

155

Savings and Loan Associations
Credit Unions

J

Finance N.E.C................ .
Finance Companies
Security Brokers and Dealers
Open-end Investment Companies
Agencies of Foreign Banks
Banks in U.S. Possessions

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

Rest of the World ...................................

Transaction Tables
18

Gold, Foreign Exchange, and Treasury Currency ....

28

28

76

19

Demand Deposits and Currency

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

29

29

77

168

20

Time Deposits and Savings Accounts

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

50

50

78

171

21, 22

Life Insurance and Pension Reserves .................

51

51

79

175

25

U.S. Government Securities

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

52

52

80

175

24

State and Local Obligations .... .................

54

54

81

178

25

Corporate and Foreign Bonds ..........................

55

55

82

180

26

Corporate Stock .......................................

56

56

85

182

27

Mortgages on 1- to 4-Family Properties

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

57

57

84

184

28

Other Mortgages .......................................

58

58

85

186

29

Consumer Credit .......................................

59

59

86

189

50

Bank Loans N.E.C.......................................

40

40

87

191

51

Other Loans - Totals and by Type

41

41

88

195

52

Security Credit .......................................

45

45

90

199

55

Trade Credit

44

44

91

201

54

Miscellaneous Financial Transactions Totals and by Type
............................

46, 48

45

92

205

96

215

219

220

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

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

Discrepancies

55

Summary for Sectors and Transactions

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

Appendix

56




Total Borrowing ....

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

i

218

218

FLOV-OF-FUNDS SUMMARY MATRIX
1962 ANNUAL FLOWS
BILLIONS OF DOLLARS

1962-ANNUAL FLOWS
CONSUMER
♦NONPRUF
ORG.
TRANSACTION CATEGORY^^-^^
U
S
"

SECTOR

1 GROSS SAVINS
46
CAPI TAL CONSUMPTION
2
3
NET SAVINS

4 GROSS I NVESTMENT(5+10)

5
6
7
8
9

PVT. CAPITAL EXPENDITURES, NET
CONSUMER DURABLES
RESIDENTIAL CONSTR.
PLANT + E3UIPMENT
INVENTORY CHANGE

CORP­
ORATE
BUS.
U
S

NON­
CORP
BUS.
S
U

FARM
BUS.
S
U

86.6

4.2

9.0

36.6

48.5
38.0

4.2

9.0

30.1
6.5

91.0

.8-

128.0

2.2-

130.2

91.8
38.3

1
46
2
3

131.9

5.5- 127.2

4

126.4
48.2
23.2
50.0
4.9

126.4
48.2
23.2
50.0
4.9

5
6
7
8
9

.8

10

3.4
2.6

11
12

91.8
36.2

3.85.0-

34.0

9.0

4.2

69.5
48.2
17.7
3.6

11 FINANCIAL USES, NET
12 FINANCIAL SOURCES

43.4

.8

4.3-

2.6

1.2

4.8

13.9

37.5

.3

.4

4.7
.1

2.8
10.3
.9

2.8
30.7
4.0

.3

.4

3.5-

5.0-

.6-

5.5

.7

5.0-

9.6

.5
21.9

13
14

GOLD ♦ OFFICIAL U.S.
FOREIGN EXCHANGE
TREASURY CJRRENCY

15
37
36
56
55

DEMAND DEP. * CURR.
PVT. DOMESTIC
FEDERAL
FOREIGN
CURRENCY

16
17
18

TIME > SVG. ACCOUNIS
AT COML. BANKS
AT SVGS. IiNSTIT.

19
20

LIFE INSURANCE RES.
PENSION FUND RESERVES

4.2
8.5

21
22
23
24
25
26
27
28
29
30
38
39

CREDIT MKT. INSTR.
U.S. GUVT. SECUR.
STATE + LOCAL OBLIG.
CORP. + FGN. BONDS
CORP. STOCKS
1-4 FAM. MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
OPEN MKT. PAPER
FEDERAL LOANS

3.2 22.0
.7
.5.5
.9.2 14. 7
.4
3.1
5.8
.5
.6

2.2

.7
.3

.7
.9

.1

.3

.2

31
41
42

SECURITY CREDIT
TO BRKRS. ♦ DLRS.
TO OTHERS

32

TRADE CREDIT
EQUITY IN NONCORP.
BUSINESS
MISCELLANEOUS FIN.
INSURANCE ACCRUALS
DIRECT FGN. I NV.




.7

1.2

D I S-i NAT.
CRE- SVG.
PAN- AND
INV.
CY

ALL
SECTORS
U
S

.8-

.6-

1

21.5

35 SECTOR DISCREPANCIES
(1-4)

1.2

3.8-

.7-

FINANCE
N.E.C.
S
U

INSUR­
ANCE
S
U

SVGS.
INSTIT.
u
s

1.6

10 NET FINANCIAL INVEST.
(11-12)

33
34
44
43

BANKING
SYSTEM
U
S

STATE ♦
LOCAL
S
U

U.S.
GOVT.
U
S

1962-ANNUAL FLOWS
REST
OF
WORLD
U
S

4.0

4.2

-2

13.1

15.3
15.3

1.0

. 1-

2.6

.1
.0

5.6

2.1
.3

12.8

3.5

.6
.4

...

4.2
.5
.3
4.0

.4
3.6

1.3

. 1.4

3.1
1.4
.11.5

.8
.8

2.6
1.1
.2
.3

3.2

5.7 ' 19.3
2.2
4.5
. 1-

.6

.2

3. 1

el_

.7

.3

.1

4.4-

.1

.1

2. 1
1.9
2.2
6.0
.5
.3

•
»

5.1

.1

.2

.3

•

*

*

!
S
!

5.0
3.8
1.1

3.5
2.4
1. >

1.4—
. 1-

.3
13.3

14.5
.4
. 1.1.1
10.9
2.4
.8

.1

.8

5.3
.8
.2
.5
.8
.5

11.5
.4
1.1
3.6
2.6
1.5
1.6

4.9

1.3
1.3

.8
1.9

2.3
.9
.1

.1
. 1-

»

1.3

•
.8

1.2
...

.6
.2

1.1
1.1
1.1

•
•

•

.4
.8

6.4

.9

.8
.3.2.2-

.9
.9

.1
.1

1.9
.3
1.6

2.6

.1

.6-

.2

.4

.1-

.7
.7

.1

.5

.5

...

1.9-

.2-

16
17
18

4.2
8.5

19
20

63.9
7.4
5. 1
6.0
2.6
15.4
9.4
5.8
6.0
6.4
1.3
3.1

21
22
23
24
25
26
27
28
29
30
38
39

.2-

•

31
41
42

.8
.9

»

NS

*

.2-

.1

.3

15
37
36
56
55

28.6
15.3
13.3

*

.3

.1

64. 1
7.6

5.6

1.5

2.3

2.62.5
.7

.7-

1.9-

13
14

S

.1

1.1
1.1
•

. 1-

2.6.2
.2

.1

•

.6

*

.6-

.6-

4.1
5.0

5.1

.3

110.3

.1

2.5

l.l

.4

.2

.6

.2

.4

3.4
.9

3.5
2.4
1.0
.1

.1-

1.1

115.8

2.6

5.7

1.5•

2.1-

24.7
11.5
13.2

9.7

5.5-

.8-

5.1

11.9

14.1

18.8

.6-

2.2

15.3

19.3

8.3

*

5. 1

1.2

.5

4.3-

.1

1.7

.1

1.6

1.4-

4.0—

i--------

32

4.1-

33
34
44
43

.2

4.0-

3.0

35

PREFACE

The present volume brings up to date the complete set of tables that were published in
Flow of Funds Supplement 5 in 1961.

It replaces that supplement and all data that have appeared

in the Federal Reserve Bulletin through August, 1963*

The tables cover all periods for which

flow of funds accounts have been computed—19^5-62 for assets and liabilities, 19^6-62 for annual
total flows, and 1952-62 for quarterly flows.

They include all of the tables published quarterly

in the Federal Reserve Bulletin and in addition separate accounts for sectors and transaction
categories not shown separately in the Bulletin.

The volume is divided into three major sections—I, year-end assets and liabilities;

II, annual flows; and III, seasonally adjusted quarterly flows.

The sequence and structure of

tables is almost identical from one section to the next, and footnotes to tables are therefore

given only once, in Section I.

Page references to footnotes are listed in the table of contents.

Quarterly data in this supplement are shown seasonally adjusted at annual rates.

The

unadjusted data are available as a separate publication; requests should be addressed to the

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

20551*

Tables for the unadjusted accounts have the format of

Part III of this supplement.

Organization of the Accounts

The structure and purposes of flow of funds accounts have been discussed in several pub­
lications and will not be gone into further here; the major references are listed on page vii.

For use of this supplement the most convenient guide to the accounts is the matrix on the facing
page, which appears in Bulletin publications of the accounts.

Each table in the supplement is a

statement in time-series form of one column or one row of this matrix.

The tables for columns

are sector accounts that summarize for separate institutional groups all sources of funds to

capital account and the investment uses to which such funds are put.

The tables for rows cut

across sectors and are market summaries for individual types of financial instruments, showing
net flows from investors into each market and the net borrowing that absorbs such inflows.
Thus the entry in any single cell of the matrix—the intersection of a row and a column

—enters into two tables in the supplement, one for the row and one for the column.

In the sec­

tor table the cell relates to other transactions of an institutional group--their saving, borrow­
ing, and investment in various forms—while in the row table it relates to transactions of that
type by all of the other sectors of the economy.
The tables have been organized into this simple matrix structure to allow as much flex­

ibility as possible in grouping the accounts.

Flow of funds data lend themselves to many differ­

ent views of economic activity—how private capital formation is being financed, what the demand
and supply pressures are in individual credit markets or groups of credit markets, to what extent
funds are flowing through financial institutions, and the forms private financial investment is

taking, to name a few.

Each view needs its own summary account structure, with emphasis on

types of transactions that may be netted or otherwise buried in other forms of the accounts.

^The rows for saving and for tangible investment together constitute a single non-

financial transaction account, with discrepancy on. line 1.




iii

For further discussion see p. v.

Table 36 lists some alternative flow of funds measures of total borrowing and elements
of borrowing, each of which has relevance to one or more views of financial activity in the econ­
omy.

For example, borrowing in credit markets by nonfinancial sectors approximates a primary

demand for credit associated with capital formation, while borrowing by financial institutions

is also part of total funds raised in credit markets.

Security credit, too, plays an ambiguous

role in financial markets, because from the lender’s viewpoint it is but one of several types of

credit advanced, while it puts the borrower in a position of financial intermediary to some ex­

tent since he is raising funds in one market directly linked to lending in another.

Table 36 far from exhausts the possibilities for alternative views of borrowing, and
there are at least as many on the supply side of financial markets.

It is not possible in

publishing the data to anticipate all combinations of data that may be significant, and short
of attempting this the data are most usefully presented in the elemental columns and rows that

enter into all such groupings.

The matrix provides a map of the tables from which any condensed

system can be designed with explicit indication of where each matrix cell will fall, thus insur­
ing that the balance of the accounts can be maintained to any degree necessary.
The table of contents (page i) reflects this organization of the accounts.

It is not

a sequential list of the tables but rather a list of the sector and transaction types for which
flow of funds accounts exist.

the matrix.

For both sectors and transactions the list follows the order on

The page references indicate where the account may be found in each section of the

book.
The sector tables are t-iose published quarterly in the Federal Reserve Bulletin as

Table 4, plus a number of tables for financial sectors and subsectors not shown separately in
2
the Bulletin.
The transaction tables never appear in the Bulletin except in very condensed
form, in Table 3.

Some of the transaction tables are in fact groups of transaction accounts that

are complete on both sides; this is true in particular for ’’Other loans” and ’’Miscellaneous trans­

actions," and for these accounts the table gives statements for most of the component accounts.
No formal transaction account is included for saving or for spending on physical capital

assets, apart from the summary in Table 2, Part I.

These nonfinancial flows are derived from

the national income and product accounts in conjunction with sector data or current receipts and

outlays.

A statement of the relationship between the income and product source materials and

the flow of funds current account is in preparation.

When completed, it will be a more useful

statement of the nonfinancial accounts than any that could be provided here.

Seasonal Adjustments
The flow of funds procedure for seasonally adjusting the quarterly accounts is described
in the November 1962 Federal Reserve Bulletin.^ As explained there, most nonfinancial series are
derived directly from the Commerce Department income and product accounts and in adjusted form re­

flect the seasonals in the Commerce accounts.

For financial series, seasonals are computed for net

flows by a computer program and then forced into balance with one another and with the nonfinancial

The distinction between a sector and a subsector needs clarification.
In general any
group for which a complete statement of sources and uses of funds has been set up constitutes a
flow of funds sector, whether or not it is shown separately in publications. Credit unions, for
example, are in this sense a sector, even though a separate table appears for them only in ex­
tremely condensed form. The component of groups of Finance n.e.c., on the other hand, are only
subsectors, because no explicit separate estimates have been made for their retained incomes or
gross saving, which is derived only for the sector as a whole. The subsectors are nevertheless
of interest and are therefore shown separately in Table V+.
5Pp. 1399 ff.




iv

accounts through a post-adjustment computation.

Several computer programs are available for

seasonal adjustment, but the matrix balance operation in flow of funds tends to reduce the dif4
ferences among programs as to final result, and the choice is not critical.

For this supplement, the Census Bureau’s X-9 version of Method II was used rather than
the Bureau of Labor Statistics’ additive program that underlay the November

1962 publication.

X-9 was used this time mainly because it was accessible for immediate application after deriva­
tion of the unadjusted accounts.

In using X-9, however, a problem arises that was not discussed

in the November Bulletin and that needs some mention, since it arises in other work and is

susceptible to several solutions.
In the form now available, X-9 is applicable only to series that by their nature are

positive, such as production, which by usual definitions cannot be less than zero.

This restric­

tion is inherent in the use of multiplicative factors—ratio adjustments—which express the

normal seasonal as some fraction of the trend-cycle level of a series.

For any quantity that

can freely go negative, such as net financial flows, such factors are meaningless, and adjust­
ment can be done only with additive seasonals or with some combination of additive and multi­
plicative seasonals.

For the flow of funds accounts, therefore, the X-9 procedure needed to be

modified in some way to approximate additive adjustment.

For this supplement, additive seasonals were estimated with X-9 by running two calcula­
tions for each series.

In the first calculation, a constant amount was added to the series to

make the series positive throughout the period covered.

This modified series was then adjusted

by X-9 and the constant addend subtracted from the adjusted series to give a first approximation

of the adjusted net flows.

Relative to a purely additive adjustment this is only an approximation,

since the factors used tend to overadjusL the high parts of the series and to underadjust the low

points.
To offset this distortion, the series was adjusted again, this time after inverting the

series, that is, after subtracting it from a constant larger than the maximum observation in the
series.

The distortions in this second approximation are opposite to those in the first (that is,

the high points are underadjusted), and an average of the two approximations is close to a purely
5
additive seasonal.

After this double adjustment process, the adjusted matrix was forced into balance by
the procedure described in the November 1962 Bulletin.

The matrix balance operation modifies the

important seasonals in the system on the basis of information throughout the system, while X-9

and virtually all other adjustment methods are based on only the information contained in each
series by itself.

The result published here is thus not directly the product of an X-9 calcula­

tion even though X-9 provided the starting point.

^Alternatives to adjustment of net flows are discussed in the Nov. 1962 Bulletin refer­
ence mentioned earlier.

^Within wide limits, the size of the addends is not critical.

For this supplement

they were made such as to put the minimum point at a level equal to twice the range (from mini­
mum to maximum) of the series. This gave a reasonable compromise between linearity of result

and accuracy of the factors.




v

Discrepancies

Table 35 is a new presentation not included in earlier flow of funds supplements.

It is

a time-series summary of all of the sector and transaction account discrepancies in the system

and constitutes the final transaction and sector accounts that close the system.
The discrepancies indicate inconsistencies among the data, such as differences between

borrower and lender sectors in the value put on an amount borrowed.

Some of the inconsistencies

are deliberate—notably in demand deposits, trade credit, and parts of the miscellaneous ac­

counts, where the discrepancies represent various types of float, such as payments still in the
mail between transactors.7

These floats are directly estimated in calculating the accounts and

are inserted as such in the respective discrepancy accounts.

The miscellaneous account also has

several types of unspecified assets and liabilities for individual sectors that cannot be allocated
to other sectors as corresponding liabilities and assets.

However, all of the sector discrepan­

cies represent statistical deficiencies of the data, and the nonfinancial transaction discrepancy
is mainly of this type, although it contains floats to some extent.

Sources of the statistical deficiencies are too broad a subject to take up here, since
it includes both the internal consistency of several bodies of source data and consistencies among

these sources.
less of source.

The purpose of Table 35 is to tie the discrepancies of the system together, regard­
As a last column and last row of the matrix these discrepancies are closely inter­

locked, since it is an accounting necessity that the sum of transaction discrepancies (that is,
the last column of the matrix) equal the sum of sector discrepancies (the last row), as shown in
Q
the two total lines of Table 35*
Any movement in one discrepancy—for example in the consumer
sector account—is therefore matched by parallel movements in transaction discrepancies and/or

opposite movements in other sector discrepancies.

Sharp movements in particular discrepancies are a sign of trouble for short-run analysis,
because they show inconsistencies in movements within the account without indicating the delinquent

series.

The offsets to such movements are presented on Table 35, however, and often give some in­

dication as to the nature of the problem and of the other accounts involved.

The principal

operating use of Table 35 is thus to help in identifying and interpreting statistical deficiencies

in the system with the aim of eliminating them as soon as possible.

The role of these accounts is discussed in some detail in Flow of Funds in the United
States, 1939-53 (Board of Governors, 1955), Appendix B. The discussion there is of an earlier
version of the accounts, but the description of balance among discrepancies and shifting of
discrepancies among accounts is fully relevant in principle to the present system.

7
The varieties of float in the accounts are discussed in '’The Float in Flow of Funds
Accounts," George Garvey, pp. 431 ff, in (4) of the references on p. vii.
g

This can be seen formally by considering that an error in any single cell of the
matrix must appear simultaneously in a column discrepancy and a row discrepancy.
As explained
in the reference in footnote 1, these discrepancies are frequently shifted among accounts by use
of residual calculations. The pairing of column and row discrepancies is not thereby broken,
however; at the extreme the two are only netted against each other in some final residual ac­
count. This leaves the sector and row sums of discrepancies both at zero.




vi

References




(1)

”A Quarterly Presentation of Flow of Funds, Saving, and Investment,”
Federal Reserve Bulletin, August 1939» page 828. The basic document on
the structure of quarterly accounts.

(2)

’’Flow of Funds Seasonally Adjusted," Federal Reserve Bulletin, November
1962, page 1393. Describes adjustment procedure, summary tables, and
certain modifications in the structure introduced at that time.

(3)

Flow of Funds in the United States (Board of Governors of the Federal
Reserve System, 1955)• Detailed description of derivation of earlier
forms of the system.

(*0

The Flow of Funds Approach to Social Accounting, Volume 26 of Studies
in Income and Wealth, Princeton University Press, 1962. Review of the
field by several authors.

(5)

"Uses of Flow of Funds Accounts in the Federal Reserve System," Journal
of Finance, May 1963* page 2^9. Discussion of applications to projec­
tions.

vii




GUIDE TO TABULAR PRESENTATION

M.B.

Member bank

NA

Not available

N.E.C

Not elsewhere classified

SAAR

Seasonally adjusted annual rates

A

Assets

L

Liabilities

S

Sources of funds

U

Uses of funds
Less than

Zero

viii

+

#50 million

■FABLE 6
FLOW—OF-FUNDS SUMMARY MATRIX
1962-LEVELS
1962-LEVELS

BILLIONS OF

PART I

CONSUMER
+NONPROF
ORG.
U
S

7.0

GOLD ♦ OFFICIAL U.S.
FOREIGN EXCHANGE
TREASURY CURRENCY

15
37
36
56

DEMAND DEP. ♦ CURR.
PVT. DOMESTIC
FEDERAL
FOREIGN

16
17
18

TIME ♦ SVG. ACCOUNTS
AT COML. BANKS
AT SVGS. INSTIT.

209.5
32.2
127.3

19
20

LIFE INSURANCE RES.
PENSION FUND RESERVES

98.9
104.3

21
22
23
24
25
26
27
28
29
30
38
39

CREDIT MKT. INSTR.
U.S. GOVT. SECUR.
STATE + LOCAL OBLIG.
CORP. + F3N. BONDS
CORP. STUCKS
1-4 FAM. MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
OPEN MKT. PAPER
FEDERAL LOANS

582.7
70.3
31.2
6.3
436.6
11.8
26.4

31
41
42

SECURITY CREDIT
TO BRKRS. + DLRS.
TO OTHERS

32

TRADE CREDIT
EQUITY IN NONCQRP.
BUSINESS
MISCELLANEOUS FIN.
INSURANCE ACCRUALS
DIRECT FGN. INV.

CORPURATE
BUS.
U
S

5.5

12.5

11
12

110.9

239.0

13
14

2.8

*

71.2

61.9

56.2

225.0

55.3

STATE
LOCAL
U
S

U.S.
GOVT
U
S

211.7

21.8

27.2

247.6

13
14

33
34
44
43

FARM
BUS.
U
S

1074.3

TOTAL ASSETS
12 TOTAL LIABILITIES
u

1962-LEVELS

DOLLARS

NONCORP.
BUS.
U
S

15
37
36
56

12.3

31.8

8.3

16
17
18

6.5

6.6
16.0

233.9

24.0

161.0
2.8
63.5
3.4
8.2

5.9

57.4

35.7
19.4
2.4

164.2

5.5
30.5

15.5
5.9

2.5

40. 7

8 3.2
NA
1.9
33.3

7.2
4.9

30.0
7.3
1.7
1.2

28.0

257.0
255.9

19
2C

24.5

21
22
23
24
25
26
27
28
29
30
30
39

0 3.8

43.2
20.4
7.2
13.8

01.3

1.9

10.3
11.7
9.8
.4
4.1

6.0
2.5

.5

1.2
1.2

.3

6.2

3.7
3. 1

23.5

2.4

1.1

2.4

31
41
42

6.6
6.6

2.1-

3.2

2. 1

NA

NA
6.4
6.4

3.4
3.4

1.5
1.5

95.6

53.4

2.0

3.6

42.3
5.9
36.1

7.5

4.9

2.9

32

2.6

33
34
44
43

NA

7.5

PART II
BANKING
SYSTEM
U
S

ll TOTAL ASSETS
12 TOTAL LIABILITIES

13
14

GOLD + OFFICIAL U.S.
FOREIGN EXCHANGE
treasury CURRENCY

15
37
36
56

DEMAND DEP. + CURR.
PVT. DOMESTIC
FEDERAL
FOREIGN

lM>
17
18

TIME + SVG. ACCOUNTS
AT COML. BANKS
AT SVGS. INSTIT.

19
20

LIFE INSURANCE RES.
PENSION FUND RESERVES

21
23
24
25
26
27
28
29
30
38
39

CREDIT MKT. INSTR.
U.S. GUVT. SECUR.
STATE + LOCAL OBLIG.
CORP. + FGN. BONDS
CORP. STUCKS
1-4 FAM. MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
BANK LUANS N.E.C.
OTHER LOANS
OPEN MKT. PAPER
FEDERAL LOANS

31
41
42

SECURITY CREDIT
TO BRKRS. + DLRS.
TO OTHERS

32

TRAOE CREDIT
EQUITY IN NONCORP.
BUSINESS
MISCELLANEOUS FIN.
INSURANCE ACCRUALS
DIRECT FGN. INV.

22

33
34
44
43




144.0

294.3

66.9

204.2
131.9

272.9

REST
OF
WORLD
U
S

FINANCE
N.E.C.
U
S

INSUR­
ANCE
U
S

SVGS.
INSTIT
U
S

68.0

25.5

17.2
5.4

163.7
15 1.4
8.6
3. 1
98.0
98.0

3.9

1.2

4,4

3.8

1636.2

42.7
5.4

1.2
2.8

157.3
145.4
8.3

163.7
151.4
8.6
3.7

3.7

1.2
.2
1.0

2.7

128.3
92.3
63.8

259. 1
79.8
24.8
.8

NA

NA

22.0
12.3
23.6
70.8
5.0
3.1

136.6
13.0
.5
3.5
1.0
94.2
17.5
6.5

.3

3.6

198. 1
16.0
14.6
73.4
37.9
28.5
20.9

57.2
4.5
.5
2.6
18.9
2.7

23.4

25.1
12.3

26.4

.7
11.0

6.8
NA

7.5
4.7
4.7

1.0
1.0

4. 1
15.5
1.8
13.7

7.2
7.2

. 1
.1

I 1.2
NA

6.8
.4

10.6
.3

5.3
.7
4.6

7.3
5. 1
2.1

2.3

17.2
17.2

1

56.0

2.7-

4.5

11.9

40.4

7.5

36. 1

37

36
56

226.3
98.0
128.3

16
17
18

98.9
104.3

17
2C

878.7
255.9

101.2
NA
168.4
82.1
63.5
70.8
55.5
8.7
28.0

.1

21
22
23
24
25
26

21
.4-

13.9
7.2

.1

13
14
15

6. 1
.4

28
29
30
38
39

31
41
42

.1

2.4

11.2

505.4

»

3.5

5. 3

1384.3
255.8

17.2

.2
3.5

11
12

2211.3

69.0
35.1

173.3

DIS—
CREPANCY

ALL
SECTORS
U
S

100.0

62.8

37.2-

78.1

NA
83.7
17.2

5.5

32
33
34
44
43

SUMMARY

SUMMARY

TABLE 7. SUMMARY OF PRINCIPAL FINANCIAL ASSETS AND LIABILITIES
IN BILLIONS OF DOLLARS

LEVELS

7L.

1945

I. DEMAND DEPOSITS AND CURRENCY
1 NET BANKING SYSTEM LIABILITY 1
2
U.S. GOVERNMENT DEPOSITS
OTHER
3
4 HOLDINGS, BY SECTOR
5
U.S. GOVERNMENT
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
STATE AND LOCAL GOVERNMENT
10
FINANCIAL SECTORS
REST OF THE WORLD
11
12
DISCREPANCY- U.S. DEPOSITS
13
OTHER

. 131.7
26.6
105.0
127.0
27.0
96.3
51.2
35.7
5.3
4.2
3.6
.45.1

LEVELS

ASSETS AND LIABILITIES

1946

1947

1948

1949

1950

1951

1952

1953

1954

116.9
4.3
112.6
111.5
4.3
103.5
55.3
37.3
6.2
4.7
3.8
•
5.4

120.0
3.9
116.1
113.8
3.8
106.6
54.9
39.7
6.9
5.0
3.5
.1
6.1

119.5
5. 1
114.4
113.6
4.9
105.0
53.0
39.5
7.4
5.1
3.7
.2
5.7

119.5
5.5
113.9
113.2
5.3
104.3
50.6
40.5
7.6
5.4
3.7
.3
6.0

125.9
5.2
120.7
118.7
5.0
109.8
53.3
42.2
8.1
6. 1
3.9
.2
7.0

132.5
5.4
127.1
125.2
5.2
116.6
56.1
45.2
8.5
6.7
3.4
.3
7.1

138.8
7.2
131.5
129.8
7.0
119.2
57.8
45.5
9.0
6.8
3.6
.3
8.7

138.7
5.9
132.8
129.7
5.5
120.8
58.5
45.5
9.7
7.2
3.4
.5
8.6

143.1
6.2
136.9
135.7
5.8
126.5
60.8
48.0
10.0
7.6
3.5
.4
7.0

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

60.0
34.2
.9
.7
•
32.2

63.6
35.5
.9
.9
*
33.4

66. 1
36.2
.9
1. 1
•
33.7

69.1
36.6
.9
1.3
.2
33.9

71.8
36.9
.9
1.4
.4
33.9

76.8
38.7
.9
1.5
.5
35.2

84.9
41.7
.9
1.6
.7
37.9

94. 1
45.1
.9
2.0
1.3
40.4

104.6
48.9
1.1
2.4
1.8
43.0

14
15
16
17
18
19

II. TIME AND SAVINGS ACCOUNTS

14 TOTAL HELD 2
15 AT COMMERCIAL BANKS
16
CORPORATE BUSINESS
17
STATE AND LOCAL GOVERNMENT
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT

53.5
30.4
.9
.5
•
28.7

20 AT SAVINGS INSTITUTIONS
MEMO- CONSUMER AND NONPROFIT
21 TOTAL

23.1

25.8

28.0

30.0

32.5

34.9

38. 1

43.2

48.9

55.7 20

51.7

58.0

61.4

63.6

66.2

68.7

73.2

80.9

89.1

98.3 21

22 TOTAL OUTSTANDING PAR VALUE
SHORT-TERM DIRECT 3
23
24
OTHER

254.9
79.6
175.3

232.2
60.5
171.7

225.2
55.9
169.2

218.7
53.4
165.3

220.9
63.9
157.0

220.6
66.6
154.0

220.2
55.6
164.6

224.6
62.6
162.0

229.7
79.1
150.6

231.5 22
67.3 23
164.2 24

25 HOLDINGS AT BOOK VALUE, BY SECTOR
26 PRIVATE DOMESTIC NONFIN. SECTORS
27
CONSUMERS AND NONPROFIT ORGS.
SAVINGS BONDS AND POSTAL SAV­
INGS SYSTEM DEPOSITS
28
29
SECURITIES 4
30
CORPORATE NONFIN. BUSINESS
31
STATE AND LOCAL GOVERNMENT
32 FINANCIAL SECTORS
33
BANKING SYSTEM
34
MONETARY AUTHORITIES
COMMERCIAL BANKS
35
36
SAVINGS INSTITUTIONS
37
INSURANCE AND PENSION FUNDS
38
FINANCE N.E.C.
39 REST OF THE WORLD

256.4
95.5
66.8

233.9
89.6
67.9

226.8
91.2
69.8

219.8
92.3
69.7

221.9
95.3
70.5

221.6
98.3
69.9

220.9
98.6
68.2

224.7
98.7
67.7

229.6
102.1
67.8

231.6 25
99.9 26
66.2 27

45.9
20.9
22.2
6.6
158.3
115.7
24.3
91.4
13.3
25.9
3.4
2.6

48.1
19.8
15.3
6.4
142.4
99.3
23.4
75.9
14.0
27.0
2.2
1.9

50.5
19.3
14.1
7.3
134.4
93.0
22.6
70.4
13.9
26.1
1.4
1.2

51.7
17.9
14.7
7.9
125.9
87.2
23.4
63.9
13.2
23.5
2.0
1.6

53.0
17.5
16.7
8.1
124.8
87.2
18.9
68.3
13.1
22.7
1.8
1.9

52.8
17.1
19.6
8.8
120.2
84.5
20.8
63.7
12.5
21.5
1.7
3. 1

52.0
16.2
20.7
9.7
119.3
86.9
23.8
63.1
11.6
19.4
1.4
3.0

51.9
15.8
19.8
11.3
122.0
89.5
24.7
64.8
11.5
19.1
1.9
4.0

51.9
16.0
21.4
12.9
123.0
90.7
25.9
64.8
11.4
19. 1
1.8
4.5

52.2
14.0
19.0
14.6
126.9
95.3
25.0
70.4
11.0
18.5
2.1
4.8

28
29
30
31
32
33
34
35
36
37
38
39

166.0
21.8
26.5
23.5
.2
2.7
117.7

158.8
21.7
27.4
24.4
.4
2.6
109.7

161.0
23.0
30.4
27.2
.5
2.7
107.6

166.7
25.1
35.0
31.3
1.0
2.7
106.5

183.8
27.5
38.2
34. 1
1.4
2.7
118.1

214.8
30.5
40.7
35.7
1.7
3.3
143.6

244.2
32.6
44.6
38.9
2.0
3.7
167.0

267.0
35.5
49.5
43.4
2.3
3.8
182.1

268.2
39.3
54. 1
46.7
3.7
3.7
174.9

353.3
43.8
57.6
50.1
4.0
3.5
251.9

40
41
42
43
44
45
46

III. U.S. GOVERNMENT SECURITIES

IV.

40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62

OTHER SECURITIES

TOTAL AT MARKET VALUE
STATE ANO LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
FOREIGN
CORPORATE STOCKS
HOLDINGS, BY SECTOR
CONSUMERS AND NONPROFIT ORGS
STOCKS
BONDS
STATE AND LOCAL GOVERNMENT
CORPORATE BUSINESS
COMMERCIAL BANKS
MUTUAL SAVINGS BANKS
INSURANCE AND PENSION FUNDS
STOCKS
BONDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COMPANIES - NET
PRIVATE SECURITIES
SHARES OUTSTANDING
REST OF THE WORLD

V.

119.9
132.2
122.5
119.3 129.5 153.5
175.5 189.9 183.4 254.9 47
110.7
99.1
155.5
169.1
102.4 100.2
109.4 133.5
161.1 232.5 48
20.1
19.7
20.1
20.0
20.0
21.5
20.2
20.9
22.3
22.3 49
5.0
3.4
3.2
2.9
3.0
7.1
8.2 50
5.6
4.2
6.2
.3
.4
.4
.5
.5
.6
.7
.8
.3
1.0 51
7.5
6.2
6.6
7.6
10.3
12.9
11.4
8.6
12.3
14.5 52
1.4
1.7
1.2
2.4
2.3
2.2
2.6
3.6
4.1 53
3.2
17.9
24.0
33.9
38.1
42.9
54.4
20.2
29.5
48.8
63.0 54
3.6
4.2
4.4
6.5
7.4
3.9
5.3
8.6
9.3
13.2 55
19.9
16.4
31.5
14.3
35.5
25. i
28.5
40.2
45.0
49.7 56
2.0
1.9
1.8
1.9
2.1
1.8
2.0
2.0
2.1
2.1 57
1.9
1.9
1.9
2.1
2.1
2.2
2.3
2.3
2.2
2.4 58
. 1.1.2.3.1.1.3.3.3--59
.21.4
1.2
1.3
3.7
3.9
5.8 60
1.2
1.8
2.2
2.8
1.4
2.4
1.9
1.3
1.3
1.5
3.0
3.9
4. 1
6.1 61
2.9
3.0
2.7
2.4
2.7
3.9
3.9
3.1
3.6
5.5 62

MORTGAGES

63 TOTAL OUTSTANDING
64
1- TO 4-FAMILY MORTGAGES
65
OTHER MORTGAGES

35.5
18.6
16.9

41.8
23.0
18.7

48.9
28.2
20.7

56.2
33.3
22.9

62.7
37.6
25.1

72.8
45.2
27.6

82.3
51.7
30.6

91.4
58.5
32.9

101.3
66.1
35.2

113.7 63
75.7 64
38.0 65

66
67
68
69
70
71
72

HOLDINGS, BY SECTOR 5
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE SECTOR
MORTGAGE COMPANIES

35.5
11.8
2.4
4.8
9.6
6.9
.1

41.8
13.3
2.0
7.2
11.6
7.4
.2

48.9
14.7
1.8
9.4
13.8
9.0
.2

56.2
15.9
1.9
10.8
16.2
11.2
.2

62.7
16.7
2.4
11.5
18.4
13.3
.3

72.8
17.3
2.7
13.5
22.0
16.6
.5

82.3
18.3
3.4
14.6
25.6
19.9
.4

91.4
19.3
4.0
15.7
29.9
21.9
.5

101.3
20.4
4.4
16.7
35. 1
24.1
.5

113.7
21.6
4.6
18.4
41.3
26.8
.7

66
67
68
69
70
71
72

73
74
75
76
77
78
79
80

TOTAL OUTSTANDING
CONSUMER AND NONPROFIT ORGS.
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM
REST OF THE WORLD
FINANCIAL SECTORS 6

12.5
.9
10.2
5.9
3.2
1.0
.5
1.0

17.7
.6
14.8
8.5
5.0
1.3
.8
1.7

22.1
.3
18.6
10.6
6.4
1.6
1.0
2.3

23. 1
.4
19.0
11.0
6.0
1.9
1.1
2.7

21.4
.4
16.9
9.3
5.6
2.0
.9
3.1

27.3
.7
21.7
12.4
6.8
2.5
.7
4.2

31.9
.7
26.2
15.5
7.6
3.1
.8
4.2

35.0
.6
28.7
16.4
9. 1
3.2
.8
4.9

34.0
.6
28.0
16.4
8.9
2.8
.7
4.8

34.1
.7
27.6
15.7
9.0
2.9
1.0
5.0

73
74
75
76
77
78
79
80

VI. BANK LOANS N.E.C.




2

SUMMARY

SUMMARY
TABLE 7. SUMMARY OF PRINCIPAL FINANCIAL ASSETS AND LIABILITIES
IN BILLIONS OF DOLLARS

LEVELS

7L.

ASSETS AND LIABILITIES

LEVELS

1955

1956

1957

1958

1959

1960

1961

1962

146.2
5.5
140.6
137.3
5.2
128.8
60.8
49.3
10.4
8.2
3.4
.4
8.5

148.0
5.5
142.5
139.2
5.0
130.6
61.9
49.6
10.6
8.5
3.6
.5
8.3

147.0
5.7
141.4
139.7
5.2
130.7
60.8
50.3
10.8
8.8
3.8
.5
6.9

152.7
5.8
146.9
146.2
5.3
137.2
63.5
53.2
11.0
9.5
3.8
.5
5.9

154.0
6.5
147.5
147.0
6.0
137.2
65.1
51.0
11.6
9.5
3.8
.5
6.5

154.3
7.4
146.9
147.4
6.9
136.8
64.5
50.5
11.8
10.1
3.7
.5
6.4

160.2
7.6
152.6
152.4
7.2
141.6
66.1
51.9
12.3
11.2
3.6
.4
7.4

163.7
8.6
155.1
157.3
8.3
145.4
71.2
49.9
12.3
12.0
3.7
.4
6. 1

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

14 TUTAL HELD 2
15 AT COMMERCIAL BANKS
16
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENT
17
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT

113.1
50.3
1.0
2.4
1.7
44.6

122.4
52.3
1.0
2.4
1.6
46.8

134.8
57.8
1.0
2.8
1.6
52.0

151.7
65.8
1.9
3.6
2.5
57. 3

161.5
67.5
1.5
3.2
1.6
60.9

176.8
73.3
2.3
4.6
1.9
64.2

197.7
82.7
3.6
5.5
2.5
70.7

226.3
98.0
6.2
6.4
2. 7
82.2

14
15
16
17
18
19

20 AT SAVINGS INSTITUTIONS
MEMO- CONSUMER AND NONPROFIT
21
TOTAL

62.8

70.1

77.0

85.9

94.0

103.5

115.0

128.3

20

107.1

116.4

128.5

142.4

154. 1

167.0

184.8

209.5

21

22 TOTAL OUTSTANDING PAR VALUE
SHORT-TERM DIRECT 3
23
24
OTHER

232.6
60.2
172.3

227.0
67.6
159.4

226.3
73.1
153.2

234.5
71.9
162.6

243.8
77.4
166.4

241.2
72.3
168.9

248.5
83.7
164.8

255.9
86. 1
169.8

22
23
24

25 HOLDINGS AT BOOK VALUE, BY SECTOR
26 PRIVATE DOMESTIC NONFIN. SECTORS
27
CONSUMERS AND NONPROFIT ORGS.
SAVINGS BONDS AND POSTAL SAV­
28
INGS SYSTEM DEPOSITS
29
SECURITIES 4
CORPORATE NONFIN. BUSINESS
30
31
STATE AND LOCAL GOVERNMENT
32 FINANCIAL SECTORS
33
banking SYSTEM
34
MONETARY AUTHORITIES
35
COMMERCIAL BANKS
36
SAVINGS INSTITUTIONS
37
INSURANCE AND PENSION FUNDS
38
FINANCE N.E.C.
39 REST OF THE WORLD

232.4
107.3
68.4

226.4
104.6
69.2

225.3
104.2
68.7

233.8
101.3
66.2

242.6
114.5
73.8

240.3
108.8
70.5

248.2
107.7
69.6

255.8
110. 1
70.3

25
26
27

52.2
16.2
23.2
15.6
119.3
88.2
24.8
63.4
11.2
18.2
1.6
5.8

51.9
17.3
18.8
16.6
115.1
85.2
25.0
60.2
11.3
16.8
1 .8
6.7

49.6
19.1
18.4
17.2
114.2
84.6
24.3
60.3
11.7
15.9
2.1
6.9

48.9
17.3
18.4
16.7
125.5
95.0
26.4
68.6
12.0
16.2
2.3
7.0

46.9
26.9
22.2
18.5
118. 1
87.4
26.7
60.6
12.5
16.1
2.0
10.0

46.5
24.1
19.5
18.7
120.9
90. 1
27.4
62.6
12.1
15.7
3. 1
10.6

47.2
22.4
19.1
19.0
129.5
97.5
28.9
68.6
12.6
15.6
3.7
11.0

47.5
22.9
19.4
20.4
133.3
99.8
30.9
68.9
13.0
16.0
4.5
12.3

28
29
30
31
32
33
34
35
36
37
38
39

417.9
47.3
61.4
52.8
5.4
3.3
309.2

445.9
50.5
66.5
56.4
6.3
3.7
329.0

419.3
55. 1
73.9
62.7
7.1
4. 1
290.3

545.5
60.6
80. 1
68.4
7.2
4.5
404.8

588.1
65.4
84.6
71.4
8.3
4.9
438.2

592.1
68.0
90.2
74.9
9.9
5.4
434.0

720.9
74.2
95.3
79.1
10.4
5.9
551.4

666.6
81.3
101.2
83.2
11.2
6.8
484.1

40
41
42
43
44
45
46

I. DEMAND DEPOSITS AND CURRENCY
1 VET BANKING SYSTEM LIABILITY 1
2
U.S. GOVERNMENT DEPOSITS
3
OTHER
4 HOLDINGS. BY SECTOR
5
U.S. GOVERNMENT
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
STATE AND LOCAL GOVERNMENT
10
FINANCIAL SECTORS
11
REST OF THE WORLD
DISCREPANCY- U.S. DEPOSITS
12
13
OTHER

II. TIME AND SAVINGS ACCOUNTS

III. U.S. GOVERNMENT SECURITIES

IV.
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62

OTHER SECURITIES

TOTAL AT MARKET VALUE
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
FOREIGN
CORPORATE STOCKS
HOLDINGS, BY SECTOR
CONSUMERS AND NONPROFIT ORGS
STOCKS
BONDS
STATE AND LOCAL GOVERNMENT
CORPORATE BUSINESS
COMMERCIAL BANKS
MUTUAL SAVINGS BANKS
INSURANCE AND PENSION FUNDS
STOCKS
bonds
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COMPANIES - NET
PRIVATE SECURITIES
SHARES OUTSTANDING
REST OF THE WORLD
V.

310.4 331.8 297.3 404.8 435.2 429.5 539.5 474. 1
285.4 304.2 266.7 373.2 402.0
395.7 503.9 436.6
25.0
30.7
27.6
31.5
33.2
33.8
35.6
37.6
11.9
17.5
20.9
9.2
10.3
15.3
19.6
14.0
1.5
2.0
2.4
2.4
2.4
1.2
1.3
2.6
14.4
15.3
17.8
18.2
18.6
25.6
14.2
21.2
5.4
5.2
3.9
4.7
5.2
4.0
5.3
5.1
107.9 122.0 125.9
69.6
75.3
80.3
91.6 100.5
16.2
37.9
17.3
17.1
23.1
27. 1
29.6
38.8
53.4
58.0
73.4
63.2
68.4
78.3
83.3
88.0
1.6
1.7
1.2
.7
.8
2.3
1.0
1.2
1.8
2.0
2.2
1.8
2.1
2.7
2.1
2.1
.4.9.5.5.61.01.11.37.4
20.0
8.6
8.2
12.6
15.0
16.1
21.8
22.9
7.8
17.0
9.0
8.7
13.2
15.8
21.3
10.2
11.7
9.9
9.8
6.8
6.5
8.8
7.3

47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62

MORTGAGES

63 TOTAL OUTSTANDING
64
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
65
66
67
68
69
70
71
72

HOLDINGS, BY SECTOR 5
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE SECTOR
MORTGAGE COMPANIES

73
74
75
76
77
78
79
80

TOTAL OUTSTANDING
CONSUMER AND NONPROFIT ORGS.
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM
REST OF THE WORLD
FINANCIAL SECTORS 6

129.9
88.2
41.7

144.5
99.0
45.5

156.6
107.6
49.0

171.9
117.7
54.2

190.9
130.9
60.0

207. 1
141.3
65.8

225.8
153.0
72.8

250.5
168.4
82.1

63
64
65

129.9
22.8
5.2
20.8
49. 1
30.5
1.2

144.5
24.5
6.0
22.5
55.7
34.2
1.1

156.6
26.7
7.4
23. 1
61.4
36.5
.8

171.9
29. 1
7.8
25.3
69.2
38.5
1.3

190.9
31.0
10.0
28. 1
78.6
40.9
1.5

207.1
33.4
11.2
28.7
87.4
43.7
1.5

225.8
34.7
11.8
30.3
98.4
46.6
2.1

250.5
38.2
12.2
34. 3
111.7
49.5
2.6

66
67
68
69
70
71
72

42.2
1.4
32.1
18.7
10.1
3.3
1.4
7.3

48.0
1.5
38.0
24.0
10.8
3.3
1.8
6.8

50.3
1.7
40.2
26.0
10.6
3.6
2.1
6.3

51.5
2.1
41.6
26.4
11.0
4.2
2.6
5.2

59.3
2-4
47.4
31.2
11.4
4.8
2.9
6.7

62.0
2.6
50.0
33.8
11.3
5.0
3.0
6.4

64.8
2.9
51.7
35.4
11.0
5.3
3.7
6.5

70.8
3.4
55.7
38.0
11.7
6.0
4. 1
7.6

73
74
75
76
77
78
79
80

VI. BANK LOANS N.E.C.




3

CONSUMERS

CONSUMERS

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES
IN BILLIONS OF DOLLARS
8L.

LEVELS

1946

1945

1947

1948

ASSETS AND LIABILITIES
1949

1950

1951

LEVELS

1952

1953

1954

(A) CONSUMERS AND NONPROFIT ORGANIZATIONS

1
2
3
4
5

TOTAL FINANCIAL ASSETS 1
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

LIFE INSURANCE RESERVES
PENSION FUND RESERVES

6
7
8
9
10
11
12
13

CREDIT AND EQUITY MKT. INSTR.
U.S. GOVERNMENT SECURITIES 2
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK 3
MORTGAGES

14
15

SECURITY CREDIT
NONLIFE INSURANCE CLAIMS

16
17
18
19
20
21
22

TOTAL LIABILITIES
CONSUMERS
CREDIT MKT. INSTR.
1- TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 4
SECURITY CREDIT

23
24
25
26

NONPROFIT ORGANIZATIONS 5
OTHER MORTGAGES
BANK LOANS N.E.C.
TRADE CREDIT

51.2
51.7
28.7
23.0

55.3
58.0
32.2
25.8

54.9
61.4
33.4
28.0

53.0
63.6
33.7
29.9

50.6
66.2
33.9
32.4

53.3
68.7
33.9
34.8

56.1
73.2
35.2
38.0

57.8
80.9
37.9
42.9

58.5
89.1
40.4
48.7

60.8
98.3
43.0
55.4

1
2
3
4
5

42.6
10.4

46.4
12.1

49.6
14.1

52.4
16.6

55.1
19.8

57.9
23.4

60.7
27.3

63.9
31.8

67.1
36.4

70.1
42.3

6
7

210.7
66.8
13.0
8.5
110.7
11.8

203.8
67.9
12.9
7.2
102.4
13.3

204.4
69.8
13.3
6.4
100.2
14.7

204.9
69.7
14.3
5.9
99.1
15.9

216.7
70.5
14.7
5.4
109.4
16.7

240.8
69.9
15.1
4.9
133.5
17.3

262.0
68.2
15.5
4.6
155.5
18.3

276.9
67.7
16.6
4.3
169.1
19.3

271.7
67.8
18.2
4.1
161.1
20.4

342.7
66.2
19.0
3.3
232.5
21.6

8
9
10
11
12
13

.6
.9

.7
1.1

.6
1.4

.6
1.7

.6
1.9

.9
2.2

.8
2.6

.7
3.1

.7
3.6

28.9
27.1
22.3
14.4
5.7
2.2
4.9

32.8
31.1
28.9
18.4
8.4
2.2
2.2

40.3
38.6
36.8
22.9
11.6
2.3
1.8

48.3
46.5
44.9
28.0
14.4
2.5
1.5

56.0
54.0
52.2
32.1
17.4
2.7
1.8

68.4
66.0
63.5
39.0
21.5
3.0
2.5

76.8
74.3
71.9
46.0
22.7
3.3
2.4

88.7
86.0
83.4
52.6
27.5
3.4
2.6

101.0
98.3
95.2
60.2
31.4
3.7
3.0

112.9
109.7
105.6
69.2
32.5
3.9
4.1

16
17
18
19
20
21
22

1.8
.4
.9
.5

1.7
.5
.6
.6

1.6
.6
.3
.7

1.9
.7
.4
.8

2.0
.7
.4
.8

2.4
.8
.7
.9

2.5
.9
.7
.9

2.7
1.0
.6
1.1

2.8
1.0
.6
1.2

3.2
1.2
.7
1.3

23
24
25
26

1955

1956

1961

1962

8L.

LEVELS

1957

LEVELS

ASSETS AND LIABILITIES
1958

1959

1960

1.0 14
4.0 15

(A) CONSUMERS AND NONPROFIT ORGANIZATIONS
1
2
3
4
5

6
7

TOTAL FINANCIAL ASSETS 1
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

CREOIT AND EQUITY MKT. INSTR.
U.S. GOVERNMENT SECURITIES 2
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK 3
MORTGAGES

14
15

SECURITY CREDIT
NONLIFE INSURANCE CLAIMS

16
17
18
19
20
21
22
23
24
25
26

TOTAL LIABILITIES
CONSUMERS
CREDIT MKT. INSTR.
1- TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 4
SECURITY CREDIT

60.8
128.5
52.0
76.4

63.5
142.4
57.3
85.1

65.1
154.1
60.9
93.2

73.3
48.7

77.1
54.5

80.0
60.4

83.3
69.9

87.1
78.7

90.6
86.2

94.4
98.9

98.9
104.3

6
7

401.6
68.4
20.7
4.3
285.4
22.8

425.5
69.2
22.3
5.3
304.2
24.5

392.7
68.7
24.4
6.3
266.7
26.7

500.1
66.2
25.3
6.3
373.2
29. 1

540. 1
73.8
26.9
6.3
402.0
31.0

533.4
70.5
27.5
6.2
395.7
33.4

643.8
69.6
29.5
6.1
503.9
34.7

582.7
70.3
31.2
6.3
436.6
38.2

8
9
10
11
12
13

.9
4.5

.9
4.7

.9
5.0

1.2
5.3

1.0
5.7

1.1
5.9

1.2
6.2

1.2
6.4

14
15

133.5
129.3
124.5
81.5
38.8
4.2
4.8

148.8
144.1
139.4
92.6
42.3
4.5
4.8

160.7
155.5
151.2
101.3
45.0
4.9
4.4

172.8
166.9
161.4
110.9
45. 1
5.3
5.5

193.5
186.9
181.4
124.0
51.5
5.8
5.5

209.9
202.8
197.4
134.8
56.0
6.6
5.4

225.7
217.9
211.2
146.3
57.7
7.1
6.7

247.6
238.7
232. 1
161.0
63.5
7.7
6.6

16
17
18
19
20
21
22

4.1
1.3
1.4
1.4

4.6
1.5
1.5
1.6

5.1
1.6
1.7
1.7

5.9
1.8
2.1
1.8

6.6
2.0
2.4
1.9

7.1
2.2
2.6
2.0

7.8
2.4
2.9
2.0

8.8
2.8
3.4
2.1

23
24
25
26

NONPROFIT ORGANIZATIONS 5
OTHER MORTGAGES
BANK LOANS N.E.C.
TRADE CREDIT

^Excludes proprietors' equity in noncorporate business, for
which no amount outstanding is estimated.

At market value. Year-to-year changes reflect mainly changes
in valuation of outstanding shares; the changes differ from flows
shown in Table 4, which represent only net funds put into stocks.
4
Mainly loans on life insurance policies.
^Includes small amount of other loans not shown separately.

Includes saving bonds and Postal Savings System deposits; see
Table 7, Part III, line 28.




1
2
3
4
5

61.9
116.4
46.8
69.6

LIFE INSURANCE RESERVES
PENSION FUND RESERVES

8
9
10
11
12
13

2123.0 8791.6 5308.4
64.5
66. 1
71.2
167.0 184.8 209.5
64.2
70.7
82.2
102.8
114.1 127.3

60.8
107.1
44.6
62.4

4

BUSINESS

3USIN6SS

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES

CONTINUED

IN BILLIONS OF DOLLARS

LEVELS

8L.

1945

1946

1947

1948

LEVELS

ASSETS AND LIABILITIES
1949

1950

1951

1952

1953

1954

IB) FARM BUSINESS

1
2
3

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
NONLIFE INSURANCE CLAIMS 1

7.1
6.6
.5

7.7
7.1
.6

7.7
7.0
.7

7.5
6.7
.8

7.2
6.3
.9

7.3
6.3
1.0

7.5
6.5
1.0

7.5
6.4
1.1

7.4
6.3
1.1

7.3
6.2
1.1

1
2
3

4
5
6
7
8
9

TOTAL LIABILITIES 2
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 3
TRADE DEBT

7.0
6.4
4.8
1.0
.7
.6

7.5
6.9
4.9
1.3
.7
.6

8.2
7.3
5.1
1.6
.7
.8

9.1
8.0
5.3
1.9
.8
1.2

9.8
8.4
5.6
2.0
.8
1.4

11.1
9.4
6.1
2.5
.8
1.7

12.7
10.7
6.7
3. 1
1.0
2.0

13.6
11.5
7.3
3.2
1.0
2.1

13.6
11.5
7.8
2.8
1.0
2. 1

14.4
12.3
8.3
2.9
1.1
2. 1

4
5
6
r
8
9

.3

.1

.1

.9

1.0

.4

.3

.7

2.2

10

MEMO- CCC DIRECT AND GUARANTEED
LOANS NOT INCLUDED ABOVE

2.3 10

(C) NONCORPORATE NONFINANCIAL BUSINESS
11
12
13
14

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NONLIFE INSURANCE CLAIMS 1

11.2
8.9
1.5
.8

11.7
8.9
1.9
.9

12.6
9.3
2.2
1.1

12.9
9. 1
2.6
1.2

13.6
9.5
2.8
1.3

14.4
9.7
3.3
1.4

16.0
10.8
3.6
1.6

16.2
10.4
4.0
1.8

16.6
10.4
4.2
2.0

17.3
10.9
4.3
2.1

15
16
17
18
19
20
21
22
23

TOTAL LIABILITIES 2
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES
MULTIFAMILY AND COML. MTGS.
BANK LOANS N.E.C.
OTHER LOANS 4
TRADE DEBT, NET
TRADE DEBT
TRADE RECEIVABLES

13.1
13.8
3.9
5.7
3.2
.9
.63.4
4.0

15.1
16.9
4.1
6.4
5.0
1.4
1.83.2
5.0

17.2
19.9
4.4
7.2
6.4
1.9
2.82.6
5.4

18.6
20.9
4.4
8.1
6.0
2.3
2.33.4
5.8

19.6
21.8
4.5
9.0
5.6
2.6
2.23.7
5.8

22.4
24.9
4.9
10.0
6.8
3.2
2.44.6
7.0

24.7
27.9
4.7
12.0
7.6
3.7
3.24.1
7.3

25.6
29.8
4.8
11.9
9.1
4.0
4.24.1
8.4

26.8
30.6
4.8
12.7
8.9
4.2
3.75.2
8.9

29.6 15
32.2 16
5.0 17
13.7 18
9.0 19
4.5 20
2.6--21
6.6 22
9.2 23

24
25
26
27
28
29
30
31
32
33

TOTAL FINANCIAL ASSETS
LIQUID ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CONSUMER CREDIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 5

75.1
43.2
20.1
.9
22.2
.3
1.7
21.0
8.9

74.0
37.4
21.2
.9
15.3
.3
2.2
.2
23.7
10.3

81.2
38.4
23.4
.9
14.1
.4
2.9
.3
28.8
10.5

86.6
39.3
23.6
.9
14.7
.4
3.4
.4
31.1
12.0

90.7
42.3
24.7
.9
16.7
.5
3.8
.6
30.3
13.2

107.5
46.6
26.2
.9
19.6
.5
4.6
.6
40.5
14.5

116.1
49.5
27.9
.9
20.7
.6
5. 1
.9
44.0
15.9

122.1
49.4
28.7
.9
19.8
.7
5.9
1.2
47.0
17.9

125.2
51.1
28.8
.9
21.4
.8
6.1
1.4
46.2
19.5

130.3
51.0
30.9
1.1
19.0
1.0
6.4
1.3
49.6
20.9

24
25
26
27
28
29
30
31
32
33

34
35
36
37
38
39
40
41
42

TOTAL LIABILITIES 6
CREDIT AND EQUITY MKT. INSTR.
CORPORATE BONDS
MORTGAGES 7
BANK LOANS N.E.C.
OTHER LOANS 8
TRADE DEBT
DIRECT FOREIGN INVESTMENT
MEMO- PROFITS TAX LIABILITY 9

56.3
36.8
23.5
6.4
5.9
1.0
17.1
2.4
10.0

64.1
41.5
24.4
7.5
8.5
1.2
20. 1
2.5
8.1

73.9
47.8
27.2
8.7
10.6
1.4
23.5
2.6
10.3

81.1
53.5
31.3
9.6
11.0
1.5
24.8
2.8
11.1

82.0
55.8
34. 1
10.7
9.3
1.7
23.2
2.9
8.8

94.6
62. 1
35.7
12. 1
12.4
2.0
29.4
3.1
16.1

104.9
68.8
38.9
12.1
15.5
2.2
32.8
3.3
20.6

115.6
76.3
43.4
14.0
16.4
2.4
35.8
3.5
17.4

120.0
80.8
46.7
14.9
16.4
2.8
35.5
3.8
18.0

124.7
84.9
50. 1
16.3
15.7
2.8
35.9
4.0
14.8

34
35
36
37
38
39
40
41
42

11
12
13
14

(D) CORPORATE NONFINANCIAL BUSINESS

»

5

n?remiuiB prepayments and benefits due.

Foreign currency and -deposars and direct investments abroad.
^Other than corporate stock* for which no liability is estimated

^Excludes proprietors' net investment for which amounts out­
standing are not estimated.
-^Government loans; excludes CCC-guaranteed loans.

7




Construction loans.

ainly loans from finance companies, commercial paper, and
Government loans.

^Mainly SEA and other loans from U.S. Government and loans
from finance companies.

o

5

Federal taxes on profits.

BUSINESS

BUSINESS

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS ANO LIABILITIES

CONTINUED

IN BILLIONS OF DOLLARS
8L.

LEVELS

ASSETS AND LIABILITIES

1955

1956

1957

7.4
6.2
1.2

7.2
6.0
1.2

7.2
5.9
1.3

7.5
6.2
1.3

15.7
13.5
9.1
3.3
l.l
2.2

16.6
14.4
9.9
3.3
1.2
2.3

17.8
15.5
10.5
3.6
1.4
2.3

.9

.5

1959

LEVELS

1960

1961

1962

7.2
5.8
1.4

7.0
5.6
1.4

7.0
5.5
1.5

7.0
5.5
1.5

1
2
3

19.5
17.0
11.3
4.2
1.6
2.5

21.5
18.9
12.2
4.8
1.8
2.7

22.8
20.1
13.1
5.0
2.0
2.8

24.6
21.7
14.2
5.3
2.2
2.9

27.2
24.0
15.5
6.0
2.5
3.2

4
5
6
7
8
9

.8

.2

.7

.9

1.1

10

1958

(B) FARM BUSINESS

1
2
3

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
NONLIFE INSURANCE CLAIMS 1

4
5
6
7
8
9

TOTAL LIABILITIES 2
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 3
TRAOE DEBT

IO

MEMO- CCC DIRECT AND GUARANTEED
LOANS NOT INCLUDED ABOVE

1.2

<C> NONCORPORATE NONFINANCIAL BUSINESS
11
12
13
14

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NONLIFE INSURANCE CLAIMS 1

17.9
11.2
4.4
2.3

18.7
11.5
4.7
2.4

19.8
12.4
4.8
2.6

21.0
13.5
4.8
2.7

20.7
12.7
5.0
2.9

20.7
12.4
5.3
3.0

21.2
12.5
5.5
3.2

21.8
12.5
5.9
3.4

11
12
13
14

15
16
17
18
19
20
21
22
23

TOTAL LIABILITIES 2
CREDIT MARKET INSTRUMENTS
I- TO 4-FAMILY MORTGAGES
MULTIFAMILY AND COML. MTGS.
BANK LOANS N.E.C.
OTHER LOANS 4
TRADE DEBT, NET
TRADE DEBT
TRADE RECEIVABLES

33.1
35.6
5.2
15.0
10.1
5.3
2.57.1
9.7

35.5
37.8
5.0
16.3
10.8
5.7
2.48.2
10.6

37.6
39.5
5.0
17.6
10.6
6.3
1.89.0
10.8

40.1
42.4
5.2
19.7
11.0
6.5
2.39.3
11.6

43.1
45.8
5.2
21.9
11.4
7.3
2.78.7
11.3

46.1
48.9
5.1
24.2
11.3
8.4
2.88.7
11.5

49.1
51.9
5.2
26.9
11.0
8.9
2.88.7
11.5

55.3
57.4
5.5
30.5
11.7
9.8
2.19.4
11.5

15
16
17
18
19
20
21
22
23

24
25
26
27
28
29
30
31
32
33

total financial ASSETS

34
35
36
37
38
39
40
41
42

TOTAL LIABILITIES 6
CREDIT AND EQUITY MKT. INSTR.
CORPORATE BONDS
MORTGAGES 7
BANK LOANS N.E.C.
OTHER LOANS 8
TRADE DEBT
DIRECT FOREIGN INVESTMENT
MEMO- PROFITS TAX LIABILITY 9

(D) CORPORATE NONFINANCIAL BUSINESS

LIQUID ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CONSUMER CREDIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 5




147.7
56.2
31.9
1.0
23.2
1.2
7.1
1.3
59.3
22.6

153.0
51.9
32.1
1.0
18.8
1.3
7.5
1.5
65.0
25.8

158.1
51.4
32.1
1.0
18.4
1.5
7.6
1.8
66.5
29.3

170.0
53.8
33.5
1.9
18.4
2.0
8.1
1.8
72.6
31.8

183.4
56.2
32.5
1.5
22.2
2.6
8.9
2.3
78.6
34.8

189.8
54.3
32.5
2.3
19.5
2.4
9.1
2.8
82.8
38.3

201.9
56.6
33.9
3.6
19.1
2.4
9.2
2.9
90.5
40.3

211.7
57.4
31.8
6.2
19.4
2.4
10.3
3.7
95.6
42.3

24
25
26
27
28
29
30
31
32
33

140.5
92.4
52.8
17.9
18.7
3.0
43.9
4.3
18.5

155.2
102.8
56.4
19.2
24.0
3.2
47.9
4.5
16.8

164.8
113.2
62.7
20.6
26.0
3.8
46.8
4.8
14.6

176.3
121.9
68.4
23.1
26.4
4.0
49.5
4.9
12.0

189.9
132.7
71.4
25.6
31.2
4.5
50.6
6.6
14.2

200.5
142.5
74.9
27.8
33.8
6.1
51.0
6.9
12.6

212.3
152.0
79.1
30.8
35.4
6.7
53.2
7.0
13.0

225.0
164.2
83.2
35.2
38.0
7.8
53.4
7.5
13.9

34
35
36
37
38
39
40
41
42

6

GOVERNMENTS

GOVERNMENTS

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES

CONTINUED

IN BILLIONS OF DOLLARS

LEVELS

TOTAL FINANCIAL ASSETS
OEMANO DEPOSITS AND CURRENCY
AT F.R. BANKS
OTHER
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES 1
OTHER LOANS
TO SAVINGS AND LOAN ASSNS.
TO REST OF THE WORLD
TO OTHERS
TIME DEPOSITS
TREASURY CURRENCY ASSETS 2
TRADE CREDIT 3
MISCELLANEOUS 4

16

TOTAL LIABILITIES

17
18

CONSUMER SVGS. IN LIFE INSURANCE
CONSUMER SVGS. IN RETIREMENT FDS.

19
20
21
22
23
24
25
26
27
28

U.S. GOVT. SECURITIES 5
SHORT-TERM DIRECT 6
OTHER SECURITIES
CONSUMER-HELD SVGS. BONDS 7
OTHER LOANS 8
TRADE DEBT 9
TREASURY CURRENCY LIABILITY 10
MISCELLANEOUS LIABILITIES
DEPOSITS OF SAVINGS AND LOAN
ASSOCIATIONS AT FHLB
OTHER 11

LEVELS

1951

1952

1953

1954

26.0
5.0
2.2
2.8
17.7
1.5
1.3
15.0
.8
10.1
14.8
.2
.1
.4
2.6

28.7
5.2
1.6
3.4
19.3
2.1
1.3
15.9
.8
10.2
15.7
.3
.1
1.3
2.6

33.3
7.0
1.9
5.1
21.0
2.5
1.4
17.0
.9
10.6
16.8
.3
•
2.3
2.7

32.4
5.5
1.4
4.1
21.8
2.8
1.7
17.4
.9
10.9
17.2
.3
•
2.2
2.5

32.5
5.8
1.6
4.2
21.5
2.8
1.8
16.9
.9
10.7
16.7
.4
»
2.4
2.4

236.7

237.9

240.3

246.2

253.4

255.5 16

5.6
6.0

6.0
6.7

6.1
7.5

6.2
8.4

6.3
8.9

6.0 17
9.4 18

218.7
53.4
113.5
51.7
.9
2.4
.9

220.9
63.9
104.1
53.0
1.0
2.4
.8

220.6
66.6
101.2
52.8
.4
1.1
2.4
.8

220.2
55.6
112.6
52.0
.3
2.7
2.4
1.1

224.6
62.6
110.1
51.9
.7
2.8
2.4
1.1

229.7
79.1
98.7
51.9
2.2
2.6
2.5
1.3

.1
3.3

.3
3.1

.2
4.2

.3
6.2

.4
6.3

.6
6.3

28.1
9.0
1.6
17.5
11.3
4.0
2.2

31.6
9.7
2.0
20.0
12.9
4.4
2.8
-

35.3
10.0
2.4
22.9
14.6
4.7
3.5
.1

29
30
31
32
33
34
35
36

55.1
44.3
43.8
.5
1.6

37
38
39
40
41

1949

1946

1947

38.0
27.0
1.9
25.1
6.8
.9
1.5
4.3
.2
1.6
4.2
.1
.2
.9
3.0

16.5
4.3
1.1
3.2
9.4
.7
1.3
7.4
.3
4.5
7.3
.1
.1
.1
2.5

19.7
3.8
2.4
1.4
13.6
.6
1.2
11.8
.4
8.3
11.7
.1
.1
2.2

22.8
4.9
2.6
2.3
15.2
.7
1.2
13.3
.5
9.5
13.2
.1
.1
2.5

24.8
5.3
2.3
3.0
16.5
1.2
1.2
14.1
.4
9.9
14.0
.2
.1
2.8

268.5

244.8

238.2

233.4

3.6
2.9

4.7
3.3

5.4
4.1

5.6
4.9

254.9
79.6
129.3
45.9
.3
2.7
2.3
1.8

232.2
60.5
123.6
48.1
.1
.7
2.4
1.4

225.2
55.9
118.7
50.5
.1
2.4
1.1

•
6.8

.1
4.5

.1
3.5

1948

(E,

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

ASSETS ANO LIABILITIES

8L.
1945

1950

U,.S. GOVERNMENT

29
30
31
32
33
34
35
36

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
I- TO 4-FAMLLY MORTGAGES

15.5
5.3
.5
9.7
6.6
2.6
.5
-

16.2
6.2
.7
9.3
6.4
2.4
.5
-

IF) STATE ANO LOCAL GOVERNMENT
18.1
25.4
19.9
21.2
23.3
6.9
7.4
7.6
8.1
8.5
1.4
.9
1.3
1.5
1.1
10.3
11.3
12.3
13.8
15.3
7.9
8.1
8.8
7.3
9.7
3.1
2.5
3.6
3.8
2.6
.6
.8
1.4
1.8
1.1
-

37
38
39
40
41

TOTAL LIABILITIES
CREOIT MARKET INSTRUMENTS
STATE AND LOCAL OBLIGATIONS
OTHER LOANS (U.S. GOVERNMENT)
TRADE DEBT
CONSUMER SAVINGS IN RETIREMENT
FUNDS

25.3
22.3
21.8
.5
.6

25.8
22.2
21.7
.5
.7

27.5
23.5
23.0
.5
.9

30.3
25.7
25. 1
.6
1.0

33.5
28.0
27.5
.5
1.1

37.4
31.1
30.5
.6
1.2

40.6
33.5
32.6
.8
1.2

44.8
36.6
35.5
1.1
1.3

49.6
40.1
39.3
.8
1.4

2.5

2.9

3.1

3.6

4.4

5.2

6.0

6.9

8.1

42

^Mainly farm mortgages.




19
20
21
22
23
24
^5
26

.8 27
6.5 28

9.3 42

"^Includes accrued interest; and prior to 195^, includes armed
forces leave bonds.
8
CCC certificates of interest and liability for CCC-guaranteed
loans. See discussion on p. 840 of the August 1959 BULLETIN.
o
Payable to corporations.

^Silver bullion held at cost in account of Treasurer of the
United States.
^Prepayments and advances to corporations.
4
Mainly subscriptions to International Monetary Fund and Inter­
national Bank for Reconstruction and Development; capital stock of
Exchange Stabilization Fund; and holdings of foreign cash assets.
^Excludes Federal debt held by Federal agencies, special notes
issued to IMF, and currency items in public debt; includes Federal
agency debt and accrued interest on Treasury bills and on savings
bonds.
^Beginning 1951, direct marketable issues maturing within 1 year:

before 1951, issues maturing or callable within 1 year.
savings notes prior to their retirement in 1956.

231.5
67.3
112.0
52.2
2.3
2.4
2.5
1.6

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

Seigniorage on silver, deposits with U.S. Government for re­
demption of F.R. Bank notes and national bank notes, and liability
of U.S. Government in connection with minor coin and U.S. notes
not backed by gold reserves.
l^Trivate equity in Government enterprises, and miscellaneous
trust and deposit liabilities.

Includes

7

GOVERNMENTS

GOVERNMENTS

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES

CONTINUED

IN BILLIONS OF DOLLARS
LEVELS

8L.

1956

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
AT F.R. BANKS
OTHER
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES 1
OTHER LUANS
TO SAVINGS AND LOAN ASSNS.
TO REST OF THE WORLD
TO OTHERS
TIME DEPOSITS
TREASURY CURRENCY ASSETS 2
TRADE CREDIT 3
MISCELLANEOUS 4

33.2
5.2
1.4
3.7
22.9
3.0
2.2
17.8
1.4
10.6
17.5
.4
*
2.3
2.5

35.4
5.0
1.5
3.5
24.1
3.5
2.5
18.1
1.2
10.7
17.8
.3
.1
2.4
3.5

38.9
5.2
1.5
3.7
26.5
4.7
2.8
19.0
1.3
11.0
18.7
.3
.1
2.3
4.6

40.5
5.3
1.3
4.0
28.2
4.7
3.1
20.4
1.3
11.7
20.1
.3
.1
1.7
4.8

16

TOTAL LIABILITIES

17
18

CONSUMER SVGS. IN LIFE INSURANCE
CONSUMER SVGS. IN RETIREMENT FDS.

256.0

251.7

251.6

5.9
10.0

6.0
10.9

6.2
11.3

19
20
21
22
23
24
25
26

27
28

U.S. GOVT. SECURITIES 5
SHORT-TERM DIRECT 6
OTHER SECURITIES
CONSUMER-HELD SVGS. BONDS 7
OTHER LUANS 8
TRADE DEBT 9
TREASURY CURRENCY LIABILITY 10
MISCELLANEOUS LIABILITIES
DEPOSITS OF SAVINGS AND LOAN
ASSOCIATIONS AT FHL8
OTHER 11

232.6
60.2
120. 1
52.2
1.2
2.3
2.5
1.6

227.0
67.6
107.5
51.9
.9
2.6
2.5
1.7

.7
6.4

.7
6.8

1959

1960

1961

1962

45.3
6.0
1. 1
4.9
32.0
6.3
3.7
22.0
2. 1
1 1.6
21.6
.3
.1
1.7
5.2

48.7
6.9
l.l
5.8
34.4
7.1
4. 1
23.2
2.0
12.2
22.7
.3
.1
1.8
5.3

52.0
7.2
l.l
6.1
37.2
7.3
4.5
25.4
2.7
12.9
24.9
.3
•
1.8
5.5

56.2
8.3
1.2
7.0
40. 7
7.2
4.9
28.5
3.5
13.7
28.0
.3
•
2.0
4.9

261.4

271.1

270.8

280.0

289.0

16

6.2
12.3

6.4
13.2

6.4
14. 1

6.5
15.0

6.6
16.0

17
18

226.3
73. 1
103.5
49.6
.5
2.8
2.6
2.0

234.5
71.9
113.7
48.9
.8
2.8
2.6
2.1

243.8
77.4
119.5
46.9
.2
2.9
2.6
2.0

241.2
72.3
122.4
46.5
.7
3.1
2.7
2.5

248.5
83.7
117.7
47.2
.9
3.4
2.7
2.9

255.9
86. 1
122.3
47.5
1.1
3.6
2.8
2.9

19
20
21
22
23
24
25
26

.7
7.3

.8
7.5

.6
7.6

.9
8.4

1.2
9.1

1.2
9.3

27
28

STATE and local government
43.0
45.8
53.7
49.3
10.8
11.0
11.6
11.8
2.8
3.6
3.2
4.6
34.5
37.4
29.4
31.2
16.7
18.5
18.7
17.2
7.0
6. 1
6.6
7.2
10.4
5.8
7.4
8.3
.4
.8
.5
1.1

58.0
12.3
5.5
40.2
19.0
7.3
12.3
1.6

61.9
12.3
6.4
43.2
20.4
7.2
13.8
1.9

29
30
31
32
33
34
35
36

1957

(E)

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

LEVELS

ASSETS AND LIABILITIES

1955

1958

U.S. GOVT-RTKENT

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

29
30
31
32
33
34
35
36

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES

37.8
10.4
2.4
25.0
15.6
5.1
4. 1
.2

(F )
40.2
10.6
2.4
27.3
16.6
5.6
4.8
.3

37
38
39
40
41

TOTAL LIABILITIES
CREDIT MARKET INSTRUMENTS
STATE AND LOCAL OBLIGATIONS
OTHER LOANS (U.S. GOVERNMENT)
TRADE DEBT
CONSUMER SAVINGS IN RETIREMENT
FUNDS

60. 1
47.8
47.3
.5
1.7

64.9
51.1
50.5
.6
1.8

71.6
55.9
55.1
.8
2.0

79.4
61.6
60.6
1.0
2.2

86. 1
66.6
65.4
1.2
2.3

90.9
69.5
68.0
1.5
2.4

100.5
76.0
74.2
1.8
2.5

110.9
83.8
81.3
2.4
2.6

37
38
39
40
41

10.6

12.1

13.7

15.6

17.2

19.0

22.0

24.5

42

42




8

BANKING

BANKING

TABLE 8.

SECTUR STATEMENTS

OF

FINANCIAL ASSETS AND LIABILITIES

CONTINUED

IN BILLIONS OF DOLLARS

8L.

LEVELS

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

TOTAL FINANCIAL ASSETS
GOLD AND FOREIGN EXCHANGE
GOLD
NET IMF POSITION 1
OFF. FGN. CURR. HOLDINGS
TREASURY CURRENCY 1
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
SHORT-TERM DIRECT 2
OTHER DIRECT
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER

15
16
17
18
19

STATE ANO LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
1- TO 4— FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT

20
21
22
23
24

BANK
TO
TO
TO
TO

25
26
27
28

OTHER LOANS
CCC-GUARANTEED LOANS 3
OPEN-MARKET PAPER
SECURED BY HYPOTHECATED DEP. 4

29
30

LOANS N.E.C.
NONFINANCIAL BUSINESS
NONBANK FINAN. SECTORS
NONPROFIT ORGS.
REST OF THE WORLD

SECURITY LOANS
MISCELLANEOUS

LEVELS

ASSETS AND LIABILITIES

1952
1951
1948
1949
1950
1947
(GJ CON SOLIDATtO COMMERCIAL BANKING SYSTEM

1946

1945

1953

1954

174.8
20.1
20.1
*
4.2

163.6 167.8
20.5
23.8
20.7
22.9
.9
.24.4
4.4

169.2
25.7
24.4
1.3
4.4

171.0
26.0
24.6
1.5
4.4

177.9
24.3
22.8
1.4
4.5

187.2
24.3
22.9
1.4
4.6

197.7
24.7
23.3
1.5
4.7

201.9
23.5
22.1
1.4
4.7

211.2
23.0
21.8
1.2
4.8

1
2
3
4
5
6

141.2
115. 7
24.3
23.2
1.1
91.4
32.3
59.0

134.0
99.3
23.4
22.3
1.1
75.9
18.8
57.1

136.5
93.0
22.6
19.9
2.7
70.4
19.2
51.2

135.2
87.2
23.4
12.4
10.9
63.9
19.4
44.5

136.2
87.2
18.9
12.0
6.9
68.3
26.5
41.7

144.2
84.5
20.8
16.0
4.8
63.7
22.2
41.5

153.5
86.9
23.8
13.4
10.4
63.1
15.8
47.3

163.6
89.5
24.7
14.8
10.0
64.8
19.2
45.6

168.6
90.7
25.9
17.0
9.0
64.8
28.2
36.5

177.0
95.3
25.0
19.4
5.5
70.4
17.6
52.8

7
8
9
10
11
12
13
14

4.0
2.2
2.9
1.9
1.4

4.4
2.2
4.6
2.7
2.6

5.3
2.2
6.3
3.1
3.8

5.7
1.9
7.3
3.5
4.8

6.5
2.1
7.9
3.7
5.8

8. 1
2.2
9.4
4.2
7.4

9.2
2.2
10.2
4.4
7.5

10.2
2.1
11.1
4.6
9.4

10.8
2.1
11.9
4.8
10.9

12.6
1.9
13.2
5.2
10.9

15
16
17
18
19

12.5
10.2
1.0
.9
.5

17.7
14.8
1.7
.6
.8

22.1
18.6
2.3
.3
1.0

23.1
19.0
2.7
.4
1.1

21.4
16.9
3.1
.4
.9

27.3
21.7
4.2
.7
.7

31.9
26.2
4.2
.7
.8

35.0
28.7
4.9
.6
.8

34.0
28.0
4.8
.6
.7

34.1
27.6
5.0
.7
1.0

20
21
22
23
24

.6
.3
.2
.1

.5
.1
.3
.1

.6
.1
.4
.1

1.5
.9
.4
.2

1.6
1.0
.4
.2

1.2
.4
.5
.3

1.3
.3
.6
.4

1.8
.7
.7
.4

3.3
2.2
.7
.4

3.7
2.3
.9
.5

25
26
27
28

6.8
2.6

3.2
1.6

2.1
1.0

2.3
1.6

2.6
1.7

2.9
2.1

2.6
2.3

3.2
1.5

3.6
1.6

4.5 29
1.9 30

31
32
33
34
35
36
37
38
39
40
41

TOTAL LIABILITIES
DEMAND DEP., NET, AND CURRENCY 5
DUE TO U.S. GOVERNMENT
MONETARY AUTHORITIES
COMMERCIAL BANKS
DUE TO REST OF THE WORLD
MONETARY AUTHORITIES 6
COMMERCIAL BANKS
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY

167.1
131.7
26.6
1.9
24.7
3.6
.9
2.7
101.4
74.8
26.6

155.0
116.9
4.3
1. 1
3.2
3.8
.5
3.2
108.8
81.9
26.9

158.8
120.0
3.9
2.4
1.5
3.5
.4
3.0
112.6
86.0
26.7

159.3
119.5
5.1
2.6
2.5
3.7
.6
3. 1
110.7
84.4
26.3

160.3
119.5
5.5
2.3
3.3
3.7
.8
2.9
110.2
84.6
25.6

167.3
125.9
5.2
2.2
3.0
3.9
.9
3.0
116.7
91.2
25.6

175.8
132.5
5.4
1.8
3.7
3.4
.5
2.9
123.6
97.1
26.5

185.5
138.8
7.2
1.9
5.3
3.6
.6
3.1
127.9
100.2
27.7

189.0
138.7
5.9
1.4
4.6
3.4
.4
2.9
129.5
101.2
28.3

197.1
143. 1
6.2
1.6
4.6
3.5
.5
3.0
133.5
105.4
28.0

31
32
33
34
35
36
37
38
39
40
41

42
43
44
45
46
47
48

TIME DEPOSITS 7
U.S. GOVERNMENT
FOREIGN
STATE AND LOC. GOVTS.
CONSUMERS
CORPORATE BUSINESS
OTHER LIABILITIES 8

30.4
.1
•
.5
28.7
.9
5.1

34.2
.1
•
.7
32.2
.9
3.9

35.5
.1
*
.9
33.4
.9
3.2

36.2
.1
•
1.1
33.7
.9
3.7

36.6
.2
.2
1.3
33.9
.9
4.2

36.9
.2
.4
1.4
33.9
.9
4.5

38.7
.3
.5
1.5
35.2
.9
4.7

41.7
.3
.7
1.6
37.9
.9
5.0

45.1
.3
1.3
2.0
40.4
.9
5.1

48.9
.4
1.8
2.4
43.0
1.1
5.0

42
43
44
45
46
47
48

^Other than IMF deposits, which are net in IMF position, line 4

^For description of IMF position and Treasury currency see

Table l8.
^Before 1951 direct marketable issues maturing or callable

7
Includes mutual savings bank deposits not shown separately,
o
°For detail see Table 34.
g
Includes F.R, payments to U.S. Government on notes outstand­
ing.
^Includes Treasury currency not shown separately.

within 1 year; beginning 1951 direct marketables maturing within
1 year.
^Includes CCC certificates of interest.
Consumer loans excluded from line 19 but included in bank
credit statistics.
^Net of F.R. float and cash items in process of collection.




9

BANKING

BANKING

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES

CONTINUED

IN BILLIONS OF DOLLARS

LEVELS

8L.

1957

ASSETS AND LIABILITIES

LEVELS

1955

1956

215.8
22.8
21.8
1.0
4.9

221.9
23.7
22.1
1.6
4.9

228.1
24.8
22.9
2.0
5.0

243.2
22.5
20.6
2.0
5.1

248.3
21.5
19.5
2.0
5.2

257.0
19.4
17.8
1.6
5.2

274.8
18.8
16.9
1.7
.1
5.4

294.3
17.2
16.1
1.1
.1
5.4

1
2
3
4
5
6

181.2
88.2
24.8
20.7
4.1
63.4
9.0
54.4

186.7
85.2
25.0
22.1
2.9
60.2
13.8
46.4

191.1
84.6
24.3
21.4
2.8
60.3
15.7
44.6

208.1
95.0
26.4
21.0
5.4
68.6
16.6
51.9

213.8
87.4
26.7
18.7
8. 1
60.6
13.6
47.1

223.4
90.1
27.4
15.2
12.2
62.6
17.0
45.6

239.8
97.5
28.9
17.6
11.3
68.6
24.1
44.5

259.1
99.8
30.9
17.7
13.2
68.9
23. 1
45.7

7
8
9
10
11
12
13
14

1958

1959

1960

1961

1962

(G) CONSOLIDATED COMMERCIAL BANKING SYSTEM

1
2
3
4
5
6

7
8
9
10
11
12
13
14

TOTAL FINANCIAL ASSETS
GOLD AND FOREIGN EXCHANGE
GOLD
NET IMF POSITION 1
OFF. FGN. CURR. HOLDINGS
TREASURY CURRENCY 1

CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
SHORT-TERM DIRECT 2
OTHER DIRECT
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER

15
16
17
18
19

STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
1- TO 4— FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT

12.7
1.7
14.9
5.9
13.2

12.9
1.3
16.1
6.4
14.6

13.9
1.4
16.2
6.9
15.8

16.5
1.3
17.4
7.8
15.9

17.0
1.2
19.1
8.9
18.8

17.6
1.0
19.2
9.5
20.6

20.3
.9
20.0
10.4
21.4

24.8
.8
22.0
12.3
23.6

15
16
17
18
19

20
21
22
23
24

BANK
TO
TO
TO
TO

42.2
32.1
7.3
1.4
1.4

48.0
38.0
6.8
1.5
1.8

50.3
40.2
6.3
1.7
2.1

51.5
41.6
5.2
2.1
2.6

59.3
47.4
6.7
2.4
2.9

62.0
50.0
6.4
2.6
3.0

64.8
51.7
6.5
2.9
3.7

70.8
55.7
7.6
3.4
4. 1

20
21
22
23
24

25
26
27
28

OTHER LOANS
CCC-GUARANTEED LOANS 3
OPEN MARKET PAPER
SECURED BY HYPOTHECATED OEP. 4

2.4
1.2
.7
.5

2.3
.9
.7
.6

2.0
.5
.9
.6

2.6
.8
1.1
.6

2.0
.2
1.0
.7

3.4
.7
1.9
.7

4.5
.9
2.8
.8

5.0
1.1
3.0
.8

25
26
27
28

5.0
1.9

4.3
2.3

4.2
2.9

4.7
2.8

4.9
3.0

5.1
3.8

6.2
4.6

7.3
5.3

29
30

201.6
146.2
5.5
1.4
4.1
3.4
.4
3.0
137.3
108.8
28.5

206.7
148.0
5.5
1.5
4.0
3.6
.3
3.3
138.9
110.4
28.5

211.5
147.0
5.7
1.5
4.2
3.8
.4
3.5
137.5
109.0
28.5

225.4
152.7
5.8
1.3
4.5
3.8
.3
3.5
143.1
114.2
28.9

229.8
154.0
6.5
1.1
5.4
3.8
.4
3.5
143.7
114.1
29.6

237.5
154.3
7.4
1.1
6.3
3.7
.2
3.5
143.2
113.7
29.5

254.2
160.2
7.6
1.1
6.5
3.6
.3
3.3
149.0
118.8
30.2

272.9
163.7
8.6
1.2
7.4
3.7
.3
3.4
151.4
120.3
31.1

31
32
33
34
35
36
37
38
39
40
41

50.3
.4
1.7
2.4
44.6
1.0
5.2

52.3
.3
1.6
2.4
46.8
1.0
6.4

57.8
.3
1.6
2.8
52.0
1.0
6.7

65.8
.3
2.5
3.6
57.3
1.9
6.9

67.5
.3
1.6
3.2
60.9
1.5
8.3

73.3
.3
1.9
4.6
64.2
2.3
9.8

82.7
.3
2.5
5.5
70.7
3.6
11.3

98.0
.3
2.7
6.4
82.2
6.2
11.2

42
43
44
45
46
47
48

29
30

LOANS N.E.C.
NONFINANCIAL BUSINESS
NONBANK FINAN. SECTORS
NONPROFIT ORGS.
REST OF THE WORLD

SECURITY LOANS
MISCELLANEOUS

31
32
33
34
35
36
37
38
39
40
41

TOTAL LIABILITIES
DEMAND DEP., NET, AND CURRENCY 5
DUE TO U.S. GOVERNMENT
MONETARY AUTHORITIES
COMMERCIAL BANKS
DUE TO REST OF THE WORLO
MONETARY AUTHORITIES 6
COMMERCIAL BANKS
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY

42
43
44
45
46
47
48

TIME DEPOSITS 7
U.S. GOVERNMENT
FOREIGN
STATE ANO LOC. GOVTS.
CONSUMERS
CORPORATE BUSINESS
OTHER LIABILITIES 8




10

NONBAMK FINANCE

NONBANK FINANCE

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES

CONTINUED

IN BILLIONS OF DOLLARS

LEVELS

8L.

ASSETS AND LIABILITIES

1945

1946

1947

1948

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MKT. INSTR.
SECURITY CREDIT
OTHER FINANCIAL ASSETS

91.3
4.2
85.2
1.3
.7

98.1
4.7
91.9
.6
.9

106.1
5.0
99.4
.6
1.1

115.8
5.1
108.8
.6
1.2

126.8
5.4
118.9
1.0
1.4

139.7
6. 1
130.5
1.6
1.4

150.7
6.7
140.7
1.6
1.7

6
7
8
9
10
11

TOTAL LIABILITIES
SAVINGS ACCOUNTS
INSURANCE AND PENSION RESERVES
CREDIT AND EQUITY MKT. INSTR.
SECURITY CREDIT
MISCELLANEOUS

77.8
23.1
44.0
1.4
3.9
5.3

84.2
25.8
47.6
2.6
2.3
6.0

91.1
28.0
51.2
3.6
1.5
6.7

99. 1
30.0
54.9
4.7
2.0
7.5

107.4
32.5
58.8
5.6
2.5
8. 1

117.4
34.9
63.5
7.4
2.9
8.8

127.0
38. 1
68.5
8.0
2.6
9.8

12
13
14
15
16
17
18
19
20
21
22
23

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS AND SVGS. SHARES 1
CREDIT AND EQUITY MKT. INSTR. 2
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS 3
CORPORATE BONDS 3
CORPORATE STOCK 3
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS 4

25.7
1.1
.2
24.3
13.3
.1
1.0
.2
7.1
2.5
.1
.1

28.8
1.2
.2
27.3
14.0
.1
l.l
.2
8.9
2.7
.2
.2

31.5
1.2
.3
29.8
13.9
.1
1.5
.1
10.8
3.0
.4
.2

33.9
1.3
.3
32.0
13.2
.1
1.9
.2
12.7
3.4
.5
.2

36.6
1.4
.3
34.5
13. 1
.1
2.1
.2
14.6
3.8
.6
.4

39.8
1.4
.3
37.7
12.5
.1
2.0
.2
17.5
4.5
.9
.4

24
25
26
27
28
29

TDTAL LIABILITIES
DEPOSITS AT MUTUAL SVGS.BANKS
SAVINGS SHARES
SAVINGS AND LOAN ASSNS.
CREDIT UNIONS
CREDIT MARKET INSTR. 5

23.5
15.4
7.8
7.4
.4
.4

26.2
16.8
9.0
8.6
.4
.4

28.6
17.8
10.3
9.8
.5
.5

30.6
18.4
11.6
11.0
.6
.6

33.0
19.3
13.2
12.5
.7
.5

30
31
32
33
34
35
36
37
38
39
40

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
TRADE CREDIT 2

54.6
1.6
52.7
25.9
1.4
13.0
3.6
2.3
4.6
2.0
.4

58.8
1.8
56.5
27.0
1.2
15.1
3.9
2.5
4.9
2.0
.5

63.9
2.2
61.1
26.1
1.3
18.6
4.2
3.5
5.5
2.0
.6

69.0
2.2
66.2
23.5
1.8
23.3
4.4
4.9
6.2
2. 1
.7

41
42
43
44

TOTAL LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY LIABILITIES

3

47.6
39.0
5.0
3.6

51.9
41.7
5.9
4.3

56.3
44.2
6.9
5.1

60.8
46.8
8.1
5.9

45
46
47
48
49
50
51
52
53
54
55

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT

11.0
1.6
8.1
3.4
.4
1.0
1.9
.1
.9
.5
1.3

10.5
1.8
8.1
2.2
.4
1.0
1.8
.2
1.5
1.0
.6

10.8
1 .6
8.6
1.4
.3
1.0
2.0
.3
2.4
1.3
.6

12.9
1.7
10.6
2.0
.3
1.0
2.0
.3
3.2
1.7
.6

15.0
1.7
12.3
1.8
.3
1.2
2.6
.4
4.3
1.7
1.0

56
57
58
59
60
61
62

TOTAL LIABILITIES
CREDIT MARKET INSTRUMENTS 2
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MKT. PAPER)
SECURITY CREDIT 3MISCELLANEOUS *

6.7
1.1
.2
.8
.1
3.9
1.8

6.1
2.1
.4
1.6
.2
2.3
1.7

6.2
3.0
.5
2.2
.3
1.5
1.6

7.8
4. 1
1.0
2.6
.5
2.0
1.6

9.2
5.1
1.4
3.1
.7
2.5
1.6

1949

LEVELS

1953

1954

167.4
6.8
156.8
1.7
2.1

184.3
7.2
172.5
2.2
2.4

206.5
7.6
192.9
3. 1
2.9

140.8
43.2
74.2
9.4
3.1
10.9

155.6
48.9
80. 2
11.1
3.4
11.8

172.0 6
55.7 7
87.8 8
11.3 9
4.4 10
12.7 11

43.2
1.7
.3
40.7
11.6
.1
2.2
.2
20.3
5.3
.9
.5

48.7
1.7
.4
45.8
11.5
.3
2.5
.3
24.0
5.9
1.2
.7

55.0
1.8
.5
51.7
11.4
.4
2.8
.4
28.5
6.5
1.6
.9

62.3
2.2
.6
58.3
11.0
.6
2.9
.6
34.2
7.1
1.8
1.2

12
13
14
15
16
17
18
19
20
21
22
23

35.8
20.0
14.8
14.0
.8
.9

39.0
20.9
17.2
16. 1
l.l
.9

44. 1
22.6
20.5
19.2
1.4
.9

50.0
24.4
24.5
22.8
1.7
1.0

56.7
26.4
29.4
27.3
2.0
1.0

24
25
26
27
28
29

75.2
2.3
72. 1
22.7
2.3
26.2
5.3
6.1
7.2
2.3
.7

81.9
2.6
78.6
21.5
2.7
28.8
6.5
8.6
8.1
2.5
.7

88.5
2.8
84.8
19.4
3.0
32.5
7.4
10.7
9.2
2.7
.8

96.4
2.9
92.5
19.1
3.4
36.8
8.6
11.9
10.0
2.8
.9

104.6
3. 1
100.4
19.1
4.3
40.8
9.3
13.3
10.7
3.0
1.0

115.6
3.1
111.5
18.5
5.6
44.2
13.2
15.3
11.5
3.3
1.1

30
31
32
33
34
35
36
37
38
39
40

65.3
49.4
9.4
6.5

70.5
52.0
11.5
7.0

76.4
54.6
13.9
7.9

83.1
57.7
16.5
8.9

90.0
60.8
19.4
9.7

98.1
64.2
23.6
10.3

41
42
43
44

17.9
2.1
14.2
1.7
.4
1.1
2.9
.6
5.3
2.2
1.6

19.0
2.3
15.2
1.4
.4
1.2
3.4
.5
5.6
2.6
1.6

22.3
2.2
18.4
1.9
.3
1.4
4.3
.6
7.1
2.8
1.7

24.8
2.2
20.4
1.8
.5
1.3
4.5
.7
8.6
2.9
2.2

28.6
2.4
23.1
2.1
.4
1.5
6.4
.9
9.1
2.9
3.1

45
46
47
48
49
50
51
52
53
54
55

11.1
6.5
1.7
4.1
.7
2.9
1.7

11.6
7.1
2.0
4.1
1.1
2.6
1.8

13.5
8.5
2.3
4.8
1.4
3.1
2.0

15.6
10.1
3.7
4.7
1.6
3.4
2.1

17.2
10.4
4.0
4.9
1.5
4.4
2.4

56
57
58
59
60
61
62

1950

1951

1952

(H) NONBANK FINANCIAL INSTITUTIONS
1
2
3
4
5

1
2
3
4
5

(H .1) SAVINGS INSTITUTIONS

(H.2) INSURANCE

(H.3) FINANCE N.E.C.

Note.—Footnotes for table 8H.1 are on page 14, for 8H.2 on
page 17* and for 8H.3 on page 20.




11

NONBANK FINANCE

NONBANK FINANCE

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES

CONTINUED

IN BILLIONS OF DOLLARS

8L.

LEVELS

LEVELS

ASSETS AND LIABILITIES
1959

1960

1961

1962

1955

1956

1957

TOTAL FINANCIAL ASSETS
DEMANO DEPOSITS AND CURRENCY
CREDIT AND EQUITY MKT. INSTR.
SECURITY CREDIT
OTHER FINANCIAL ASSETS

232.4
8.2
217.6
3.6
3.0

250.4
8.5
235.0
3.7
3.2

266.5
8.8
250.7
3.5
3.5

295.8
9.5
277.7
4.5
4.1

323.3
9.5
305. 1
4.5
4.1

349.7
10.1
330.5
4.5
4.7

389.6
11.2
367.4
5.6
5.4

415.1
12.0
391.9
5.3
5.9

1
2
3
4
5

6
7
8
9
10
11

TOTAL LIABILITIES
SAVINGS ACCOUNTS
INSURANCE AND PENSION RESERVES
CREDIT AND EQUITY MKT. INSTR.
SECURITY CREDIT
MISCELLANEOUS

192.5
62.8
95.5
15.8
4.7
13.6

208.0
70.1
102.6
16.2
4.2
14.9

223.5
77.0
109.0
17.0
4.3
16.2

243.2
85.9
119. 1
16.0
4.8
17.4

265.8
94.0
129.0
19.9
4.9
17.9

287.6
103.5
137.3
22.0
5.4
19.5

315.5
115.0
149.8
23.3
6.3
21.2

340.3
128.3
156.0
27.1
7.2
21.7

6
7
8
9
10
11

12
13
14
15
16
17
18
19
20
21
22
23

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS AND SVGS. SHARES 1
CREDIT AND EQUITY MKT. INSTR. 2
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS 3
CORPORATE BONDS 3
CORPORATE STOCK 3
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS 4

70.7
2.3
.6
66.5
11.2
.6
2.6
.7
41.3
7.8
2.3
1.2

78.3
2.5
.7
73.9
11.3
.7
2.6
.7
47.2
8.5
2.7
1.3

85.7
2.5
.7
81.1
11.7
.7
3.2
.8
52.4
9.1
3.2
1.3

95.7
2.9
.9
90.4
12.0
.7
3.8
.9
58.9
10.4
3.6
1.6

105.8
2.6
.9
100.8
12.5
.7
3.6
.8
66.8
11.8
4.3
1.5

115.7
2.8
.8
110.1
12.1
.7
3.8
.8
74.1
13.3
5.1
1.9

128.8
3.3
1.0
122.1
12.6
.7
3.6
.9
83.3
15.1
5.6
2.3

144.0
3.9
1.2
136.6
13.0
.5
3.5
1.0
94.2
17.5
6.5
2.3

12
13
14
15
16
17
18
19
20
21
22
23

24
25
26
27
28
29

TOTAL LIABILITIES
DEPOSITS AT MUTUAL SVGS.BANKS
SAVINGS SHARES
SAVINGS AND LOAN ASSNS.
CREDIT UNIONS
CREDIT MARKET INSTR. 5

64.4
28.2
34.6
32.2
2.4
1.6

71.4
30.0
40.1
37.1
2.9
1.4

78.4
31.7
45.3
41.9
3.4
1.4

87.3
34.0
51.8
48.0
3.9
1.4

96.4
35.0
59.0
54.6
4.4
2.4

105.7
36.4
67.1
62.1
5.0
2.2

117.8
38.5
76.5
70.9
5.6
2.9

131.9
41.6
86.7
80.4
6.3
3.6

24
25
26
27
28
29

30
31
32
33
34
35
36
37
38
39
40

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
TRADE CREDIT 2

126.2
3.2
121.8
18.2
6.6
46.8
16.2
17.9
12.5
3.6
1.2

134.4
3.1
129.9
16.8
7.5
50.5
17.3
20.5
13.6
3.8
1.3

141.6
3.2
136.9
15.9
8.3
55.0
17.1
21.9
14.6
4.3
1.5

155.6
3.4
150.6
16.2
9.3
59.1
23.1
23.0
15.5
4.5
1.6

167.5
3.4
162.3
16.1
10.8
62.6
27.1
24.4
16.5
5.0
1.8

178.3
3.4
173.0
15.7
12.2
66.1
29.6
25.9
17.8
5.8
1.9

196.1
3.6
190.4
15.6
13.5
69.8
38.8
27.3
19.4
6.2
2.1

204.2
3.8
198.1
16.0
14.6
73.4
37.9
28.5
20.9
6.8
2.4

30
31
32
33
34
35
36
37
38
39
40

41
42
43
44

TOTAL LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY LIABILITIES

3

106.5
67.5
28.0
11.0

114.4
71.1
31.6
11.8

121.8
73.8
35.3
12.8

132.8
77.1
42.1
13.7

143.8
80.7
48.3
14.8

153.0
84.2
53. 1
15.7

166.3
87.9
61.9
16.5

173.3
92.3
63.8
17.2

41
42
43
44

45
46
47
48
49
50
51
52
53
54
55

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT

35.6
2.7
29.3
1.6
.4
1.7
8.1
1.4
11.8
4.2
3.6

37.7
2.9
31.1
1.8
.2
1.7
8.9
1.3
12.8
4.4
3.7

39.2
3.1
32.7
2.1
.3
1.8
8.4
1. I
13.5
5.5
3.5

44.5
3.2
36.7
2.3
.3
1.8
12.5
1.6
12.7
5.6
4.5

50.0
3.5
42.0
2.0
.3
2.0
14.7
1.6
14.5
6.8
4.5

55.7
3.8
47.4
3.1
.4
2.1
15.6
1.6
16.0
8.6
4.5

64.8
4.3
54.9
3.7
.4
2.2
21.1
2.3
15.9
9.4
5.6

66.9
4.4
57.2
4.5
.6
2.6
18.9
2.7
17.2
10.6
5.3

45
46
47
48
49
50
51
52
53
54
55

56
57
58
59
60
61
62

TOTAL LIABILITIES
CREDIT MARKET INSTRUMENTS 2
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MKT. PAPER)
SECURITY CREDIT 3 '
MISCELLANEOUS b

21.6
14.3
5.4
7.2
1.7
4.7
2.6

22.1
14.9
6.3
6.6
1.9
4.2
3.1

23.3
15.6
7.1
6.2
2.3
4.3
3.4

23.1
14.5
7.2
5.0
2.2
4.8
3.7

25.6
17.6
8.3
6.4
2.8
4.9
3.1

28.9
19.8
9.9
6.2
3.7
5.4
3.7

31.3
20.4
10.4
6.3
3.7
6.3
4.6

35.1
23.4
11.2
7.5
4.7
7.2
4.5

56
57
58
59
60
61
62

1958

<H> NONBANK FINANCIAL INSTITUTIONS

1
2
3
4
5

(H.I) SAVINGS INSTITUTIONS

(H.2) insurance

(H. 3) FINANCE• N.E.C -

Note:’--Footnotes for table 8H.1 are on page 14, for 8H.2 on
page )?, and for 8H-5 or< page 20.




12

REST OF WORLD

REST OF WORLD

TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES

CONTINUED

IN 1MILLIONS OF DOLLARS
LEVELS

8L.

LEVELS

ASSETS AND LIABILITIES

1945

1946

1947

1948

26.2
13.2
3.6
•

25.1
12.9
3.8
*

22.4
11.3
3.5
•

22.1
10.2
3.7
•

23.3
10.5
3.7
.2

27.9
12.5
3.9
.4

5.6
2.6
.3
2.7
•
3.7

4.8
1.9
.2
2.7
.1
3.5

3.9
1.2
.2
2.5
.1
3.6

4.2
1.6
.1
2.3
.1
3.9

4.7
1.9
.2
2.5
.1
4.2

13.6

17.3

22.6

25.4

.9
12.1
2.7
1.0
8.4
9.6
.6
8.4
.5

1.3
13.4
2.7
1. 1
9.5
10.8
.6
9.6
.4

1949

1952

1953

1954

28.7
12.7
3.4
.5

30.6
12.6
3.6
.7

33.3
14.2
3.4
1.3

37.3
15.1
3.5
1.8

6.4
3.1
.2
2.9
.2
4.6

6.9
3.0
.2
3.4
.3
5.0

8.3
4.0
.2
3.7
.3
5.3

8.9
4.5
.3
3.6
.4
5.6

10.8 5
4.8 6
.2 7
5.3 8
.6 9
6.0 10

27.1

29.0

30.7

32.9

34.4

35.7 11

1.5
13.7
2.7
.9
10.0
11.9
.6
10.7
.5

1.4
14.2
3.3
.7
10.2
13.2
.6
11.8
.8

1.4
14.9
3.7
.8
10.4
14.3
.6
13. 1
.5

1.5
15.3
3.8
.8
10.8
16.1
.6
14.8
.6

1.4
15.4
3.7
.7
11.0
17.5
.6
16.3
.6

1.2
15.4
3.5
1.0
10.9
19.0
.6
17.6
.7

1961

1962

1950

1951

( I ) REST OF THE WORLD

1
2
3
4

TOTAL FINANCIAL ASSETS I
GOLD 2
U.S. DEMAND DEPOSITS
TIME DEPOSITS

5
6
7
8
9
10
11

12
13
14
15
16
17
18
19
20

CREDIT AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK 3
OTHER 4
MISCELLANEOUS 5
TOTAL LIABILITIES 6
OFFICIAL U.S. FOREIGN EXCHANGE
AND NET IMF POSITION
CREDIT AND EQUITY MKT. INSTR. 7
BONDS 3
BANK LOANS N.E.C.
OTHER LOANS 8
MISCELLANEOUS
U.S. SUBSCRIPTION TO IBRD 9
DIRECT INVESTMENTS BY U.S. BUSINESS
FGN. CURRENCY

4.9
2.7
.5
1.6
8.7
.6
7.2
.8

.28.0
2.6
.8
4.6
9.5
.6
8.4
.5

LEVELS

8L.

ASSETS AND LIABILITIES
1958

1959

1
2
3
4

12
13
14
15
16
17
18
19
20

LEVELS

1955

1956

1957

40.5
15.9
3.4
1.7

43.0
16.0
3.6
1.6

42.8
15.9
3.8
1.6

49.2
18.9
3.8
2.5

56.2
20.7
3.8
1.6

60.7
22.7
3.7
1.9

64.5
24.3
3.6
2.5

69.0
25.5
3.7
2.7

1
2
3
4

13.0
5.8
.3
6.6
.3
6.4

14.4
6.7
.3
7.0
.5
7.2

14.1
6.9
.4
6.1
.7
7.3

16.3
7.0
.5
8.3
.6
7.6

20.3
10.0
.5
9.4
.5
9.6

21.3
10.6
.5
9.3
1.0
10.9

22.2
11.0
.5
9.6
1.0
11.9

25.1
12.3
.7
11.0
1.0
11.9

5
6
7
8
9
10

37.6

42.5

47.9

51.8

55.1

60.2

64.8

68.0

11

1.0
15.6
3.3
1.4
10.9
20.9
.6
19.3
.9

1.6
16.6
3.7
1.8
11.2
24.2
.7
22.2
1.3

2.0
17.9
4. 1
2. 1
11.7
28.0
.7
25.2
2.0

2.0
19.4
4.5
2.6
12.3
30.3
.7
27.3
2.3

2.0
19.9
4.9
2.9
12.2
33. 1
.7
29.7
2.6

1.6
21.8
5.4
3.0
13.4
36.7
.8
32.7
3.1

1.8
24.2
5.9
3.7
14.7
38.6
.8
34.3
3.4

1.2
26.4
6.8
4. 1
15.5
40.4
.8
36.1
3.4

12
13
14
15
16
17
18
19
20

1960

( I ) REST OF THE WORLD

I
2
3
4

5
6
7
8
9
10

11
12
13
14
15
16
17
18
19
20

TOTAL FINANCIAL ASSETS 1
GOLD 2
U.S. DEMAND DEPOSITS
TIME DEPOSITS

CREDIT AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK 3
OTHER 4
MISCELLANEOUS 5
TOTAL LIABILITIES 6
OFFICIAL U.S. FOREIGN EXCHANGE
AND NET IMF POSITION
CREDIT AND EQUITY MKT. INSTR. 7
BONDS 3
BANK LOANS N.E.C.
OTHER LOANS 8
MISCELLANEOUS
U.S. SUBSCRIPTION TO IBRD 9
DIRECT INVESTMENTS BY U.S. BUSINESS
FGN. CURRENCY

^Mainly direct investments in the Uhited States, deposits with
U.S. agencies of foreign banks, and notes of the International
Monetary Fund.
^Excludes amounts for corporate stock and unidentified liabili­
ties (in miscellaneous category) for which amounts outstanding are
not estimated.
7
Includes security credit not shown separately.

Excludes amounts for unidentified assets (in miscellaneous
category) for which estimates of amounts outstanding are not avail­
able.
^Holdings of international institutions and foreign central
banks and governments, excluding U.S.S.R. Reflects net foreign
gold production (output plus net U.S.S.R. gold exports, less con­
sumption and net increase in private holdings) as well as gold
transactions with the United States.
^At estimated market value; annual changes thus differ from
corresponding flows, which reflect only net funds put into securi­
ties.
4
Commercial paper, corporate bonds, and security credit.




^Predominantly U.S. Government loans.
^Includes subscriptions to IFC (1956) and IAB (1959)*

13

SAVINGS INSTITUTIONS

SAVINGS INSTITUTIONS

TABLE 9.

SAVINGS INSTITUTIONS SECTOR

IN BILLIONS OF DOLLARS

LEVELS

9L.

LEVELS

ASSETS AND LIABILITIES

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

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

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS 1
CREDIT AND EQUITY MARKET INSTRUMENTS 2
U.S. GOVT. SECURITIES
STATE ANO LOCAL OBLIGATIONS J
COPORATE BONDS 3
COPORATE STOCK 3
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS 4

25.7
l.l
.2
24.3
13.3
.1
1.0
.2
7.1
2.5
.1
.1

28.8
1.2
.2
27.3
14.0
.1
1.1
.2
8.9
2.7
.2
.2

31.5
1.2
.3
29.8
13.9
.1
1.5
.1
10.8
3.0
.4
.2

33.9
1.3
.3
32.0
13.2
.1
1.9
.2
12.7
3.4
.5
.2

36.6
1.4
.3
34.5
13.1
.1
2. 1
.2
14.6
3.8
.6
.4

39.8
1.4
.3
37.7
12.5
.1
2.0
.2
17.5
4.5
.9
.4

43.2
1.7
.3
40.7
11.6
.1
2.2
.2
20.3
5.3
.9
.5

48.7
1.7
.4
45.8
11.5
.3
2.5
.3
24.0
5.9
1.2
.7

55.0
1.8
.5
51.7
11.4
.4
2.8
.4
28.5
6.5
1.6
.9

62.3
1
2.2
2
.6 3
58.3 4
11.0 5
.6 6
2.9
7
.6 8
34.2 9
7.1 10
1.8 11
1.2 12

13
14
15
16
17
18

TOTAL LIABILITIES
DEPOSITS AT MUTUAL SAVINGS BANKS
SAVINGS SHARES
SAVINGS AND LOAN ASSOCIATIONS
CREDIT UNIONS
CREDIT MARKET INSTRUMENTS 3

23.5
15.4
7.8
7.4
.4
.4

26.2
16.8
9.0
8.6
.4
.4

28.6
17.8
10.3
9.8
.5
.5

30.6
18.4
11.6
11.0
.6
.6

33.0
19.3
13.2
12.5
.7
.5

35.8
20.0
14.8
14.0
.8
.9

39.0
20.9
1 7.2
16. 1
1.1
.9

44.1
22.6
20.5
19.2
1.4
.9

50.0
24.4
24.5
22.8
1.7
1.0

56.7
26.4
29.4
27.3
2.0
1.0

1955

1956

1957

1958

1959

1960

1961

1962

9L.

LEVELS

ASSETS AND LIABILITIES

13
14
15
16
17
18

LEVELS

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

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS 1
CREDIT AND EQUITY MARKET INSTRUMENTS 2
U.S. GOVT. SECURITIES
state and local obligations 3
COPORATE BONDS 3
COPORATE STOCK 3
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS 4

70.7
2.3
.6
66.5
11.2
.6
2.6
.7
41.3
7.8
2.3
1.2

78.3
2.5
.7
73.9
11.3
.7
2.6
.7
47.2
8.5
2.7
1.3

85.7
2.5
.7
81.1
11.7
.7
3.2
.8
52.4
9.1
3.2
1.3

95.7
2.9
.9
90.4
12.0
.7
3.8
.9
58.9
10.4
3.6
1.6

105.8
2.6
.9
100.8
12.5
.7
3.6
.8
66.8
11.8
4.3
1.5

115.7
2.8
.8
110.1
12.1
.7
3.8
.8
74.1
13.3
5.1
1.9

128.8
3.3
1.0
122.1
12.6
.7
3.6
.9
83.3
15.1
5.6
2.3

144.0
3.9
1.2
136.6
13.0
.5
3.5
1.0
94.2
17.5
6.5
2.3

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

13
14
15
16
17
18

TOTAL LIABILITIES
DEPOSITS AT MUTUAL SAVINGS BANKS
SAVINGS SHARES
SAVINGS AND LOAN ASSOCIATIONS
CREDIT UNIONS
CREDIT MARKET INSTRUMENTS 5

64.4
28.2
34.6
32.2
2.4
1.6

71.4
30.0
40.1
37.1
2.9
1.4

78.4
31.7
45.3
41.9
3.4
1.4

87.3
34.0
51.8
48.0
3.9
1.4

96.4
35.0
59.0
54.6
4.4
2.4

105.7
36.4
67.1
62. 1
5.0
2.2

117.8
38.5
76.5
70.9
5.6
2.9

131.9
41.6
86.7
80.4
6.3
3.6

13
14
15
16
17
18

^Bank loans and Federal home loan bank advances to savings and
loan associations.
^Includes time deposits of mutual savings banks and savings and
loan shares of credit unions not shown separately.
7
Includes State and local obligations and other loans held by
mutual savings banks not shown separately.

^Mainly deposits held by mutual savings banks at commercial
banks. Also includes savings and loan shares held by credit unions.
^Includes small amount of other loans held by mutual savings
banks not shown separately. In flow tables also includes net pur­
chases of State and local obligations.
^Mutual savings banks only.
4
Savings and loan association equity in, and deposits at, Federal
home loan banks.




g

°Includes bank loans n.e.c. not shown separately.

n

SAVINGS INSTITUTIONS SUBSECTURS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE 10.

SAVINGS INSTITUTIONS SUBSECTORS

IN BILLIONS OF DOLLARS
10L.

LEVELS

1945

1946

1947

1948

ASSETS AND LIABILITIES
1949

1950

1951

LEVELS

1952

1953

1954

SAVINGS INSTITUTIONS SECTOR

1

TOTAL FINANCIAL ASSETS UF SECTOR

25.7

2B.8

31.5

33.9

36.6

39.8

43.2

48.7

55.0

62.3

1

2

TOTAL LIABILITIES OF SECTOR

23.5

26.2

28.6

30.6

33.0

35.8

39.0

44.1

50.0

56.7

2

3
4
5
6
7
8
9
10
11
12
13

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER I

16.9
.6
.1
16.2
10.7
.1
1.0
1.9
2.3
•

18.5
.7
.2
17.7
11.8
.1
1.1
2.0
2.4
•

19.5
.7
.2
18.6
12.0
.1
1.5
2.3
2.6
•

20.5
.6
.2
19.6
11.6
.1
1.9
2.8
3.0
•

21.5
.7
.2
20.6
11.5
.1
2. 1
3.4
3.3
*

22.4
.6
.2
21.6
10.9
.1
2.0
4.3
4.0
.1

23.3
.7
.2
22.4
9.8
.1
2.2
5.3
4.6
.1

25. 1
.7
.2
24.2
9.5
.3
2.5
6.2
5.2
.1

27.0
.7
.2
26.0
9.3
.4
2.8
7.4
5.6
.1

29. 1
3
.8 4
.3 5
28.1 6
8.8 7
.6 8
2.9 9
9.0 10
6.0 11
. 1 12

14

TOTAL LIABILITIES (TIME DEPOSITS)

15.4

16.8

17.8

18.4

19.3

20.0

20.9

22.6

24.4

26.4 14

22.2
.9
20.6
1.9
17.6
.8
.3

26.2
.9
24.3
2.0
21.0
1.0
.4

31.0
1.2
28.6
2.1
25.0
1.1
.4

MUTUAL SAVINGS BANKS

SAVINGS AND LOAN ASSOCIATIONS

15
16
17
18
19
20
21
22

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT

8.3
.4
7.8
2.4
5.2
.2
•

9.8
.5
9.2
2.0
6.8
.3
.1

11.3
.5
10.7
1.7
8.5
.4
.1

12.7
.5
11.9
1.5
9.8
.5
.1

14.2
.6
13.2
1.5
11.1
.5
.1

16.4
.7
15.3
1.5
13. 1
.5
.2

18.7
.8
17.4
1.6
14.8
.7
.2

15
16
17
18
19
20
21

.1

.2

.2

.2

.4

.4

.5

.7

.9

7.7
7.4
.4
.1
.2

9.0
8.6
.4
.1
.3

10.3
9.8
.5
.1
.4

11.6
11.0
.6
.1
.5

13.0
12.5
.5
.1
.4

14.9
14.0
.9
.1
.8

17.0
16.1
.9
.1
.8

20.1
19.2
.9
.1
.9

23.9
22.8
1.0
.1
.9

TOTAL FINANCIAL ASSETS 4

.3

.3

.4

.5

.7

.9

1.0

1.3

1.7

2.1 28

TOTAL LIABILITIES (SAVINGS SHARES)

.4

.4

.5

.6

.7

.8

l.l

1.4

1.7

2.0 29

MISCELLANEOUS FINANCIAL TRANSACTIONS 2

23
24
25
26
27

TOTAL LIABILITIES
SAVINGS ACCOUNTS
CREDIT AND EQUITY MARKET INSTRUMENTS
BANK LOANS
OTHER LOANS 3

28

29

1.2 22
28.3
27.3
1.0
.1
.9

23
24
25
26
27

CREDIT UNIONS

^Includes demand deposits and currency and time deposits not
shown separately.
^Includes State and local obligations, consumer credit, other
loans and corporate stock not shown separately.
o
Includes consumer credit not shown separately.

^Other loans and corporate stock.
Equity in, and deposits at, Federal home loan banks.
^Advances from Federal Home Loan Bank Board.
4
Mainly consumer credit.




15

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTURS

TABLE 10.

SAVINGS INSTITUTIONS SUBSECTORS

IN BILLIONS OF DOLLARS

LEVELS

10L.
1955

1956

1957

ASSETS AND LIABILITIES
1958

1959

I960

LEVELS
1961

1962

SAVINGS INSTITUTIONS SECTOR
1

TOTAL FINANCIAL ASSETS OF SECTOR

70.7

78.3

85.7

95.7

105.8

115.7

128.8

144.0

1

2

TOTAL LIABILITIES OF SECTOR

64.4

71.4

78.4

87.3

96.4

105.7

117.8

131.9

2

3
4
5
6
7
8
9
10
ll
12
13

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER I

31.1
.7
.2
30.1
8.6
.6
2.6
11.1
6.4
.1

33.1
.8
.2
32.2
8.2
.7
2.6
13.0
6.8
.1

34.9
.8
.1
34.0
7.9
.7
3.2
14. 1
7.1
.1

37.5
.8
.2
36.5
7.6
.7
3.8
15.6
7.6
.2

38.6
.7
.1
37.8
7.3
.7
3.6
16.9
8. 1
.2

40.2
.7
.1
39.4
6.7
.7
3.8
18.4
8.6
.2

42.4
.8
.2
41.5
6.6
.7
3.6
20.0
9. 1
.2

45.7
.7
.2
44.8
6.7
.5
3. 5
22.2
10.1
.3

3
4
5
6
7
8
9
10
11
12

14

TOTAL LIABILITIES (TIME DEPOSITS)

28.2

30.0

31.7

34.0

35.0

36.4

38.5

41.6

14

80.2
2.1
75.8
5.8
62.9
5.9
1.1

91.4
2.7
86.3
6.1
71.6
7.4
1.2

15
16
17
18
19
20
21

MUTUAL SAVINGS BANKS

SAVINGS AND LOAN ASSOCIATIONS

15
16
17
18
19
20
21

22

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT

MISCELLANEOUS FINANCIAL TRANSACTIONS 2

37.0
1.4
34.4
2.5
30.0
1.4
.5

42.1
1.4
39.3
3.0
34.0
1.7
.6

47.1
1.5
44. 3
3.6
38.0
2.0
.6

54.0
1.8
50.7
4.3
42.9
2.7
.8

62.2
1.6
59.2
5. 1
49.5
3.7
.9

70.0
1.7
66.3
5. 3
55.4
4.7
1.0

1.2

1 .3

1.3

1.6

1.5

1-9

2.3

2. 3

22

33.8
32.2
1.6
.1
1.4

38.5
37.1
1.4
.1
1.2

43.3
41.9
1.4
.1
1.3

49.4
48.0
1.4
.1
1.3

57.0
54.6
2.4
.3
2.1

64.3
62. 1
2.2
.2
2.0

73.7
70.9
2.9
.2
2.7

84. 1
80.4
3.6
.2
3.5

23
24
25
26
27

TOTAL FINANCIAL ASSETS 4

2.5

3.0

3.5

4. 1

4.8

5.3

6.0

6.8

28

TOTAL LIABILITIES (SAVINGS SHARES)

2.4

2.9

3.4

3.9

4.4

5.0

5.6

6.3

29

23
24
25
26
27

TOTAL LIABILITIES
SAVINGS ACCOUNTS
CREDIT AND EQUITY MARKET INSTRUMENTS
BANK LOANS
OTHER LOANS 3

28
29

CREDIT UNIONS




16

INSURANCE

INSURANCE

TABLE 11.

INSURANCE SECTOR

IN BILLIONS OF DOLLARS

LEVELS

11L.

ASSETS AND LIABILITIES

LEVfcLS

1945

1946

1947

1948

1949

1950

1951

1952

1953

5
6
7
8
9
10
11

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
corporate BONDS
CORPORATE STOCK
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
TRADE CREDIT 2

54.6
1.6
52.7
25.9
1.4
13.0
3.6
2.3
4.6
2.0
.4

58.8
1.8
56.5
27.0
1.2
15.1
3.9
2.5
4.9
2.0
.5

63.9
2.2
61.1
26.1
1.3
18.6
4.2
3.5
5.5
2.0
.6

69.0
2.2
66.2
23.5
1.8
23.3
4.4
4.9
6.2
2. 1
.7

75.2
2.3
72. 1
22.7
2.3
26.2
5.3
6. 1
7.2
2.3
.7

81.9
2.6
78.6
21.5
2.7
28.8
6.5
8.6
8. 1
2.5
.7

88.5
2.8
84.8
19.4
3.0
32.5
7.4
10.7
9.2
2.7
.8

96.4
2.9
92.5
19.1
3.4
36.8
8.6
11.9
10.0
2.8
.9

104.6
3.1
100.4
19. 1
4.3
40.8
9.3
13.3
10.7
3.0
1.0

12
13
14
15

TOTAL LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
NONLIFE POLICY LIABILITIES 3

47.6
39.0
5.0
3.6

51.9
41.7
5.9
4.3

56.3
44.2
6.9
5.1

60.8
46.8
8.1
5.9

65.3
49.4
9.4
6.5

70.5
52.0
11.5
7.0

76.4
54.6
13.9
7.9

83. 1
57.7
16.5
8.9

90.0
60.8
19.4
9.7

1955

1956

1957

1958

1959

1960

1961

1962

1
2
3

11L.

LEVELS

1954
115.6
1
2
3. 1
111.5 3
18.5 4
5.6 5
44.2 6
13.2 7
15.3 8
11.5 9
3.3 10
1.1 11
98.1
64.2
23.6
10.3

12
13
14
15

LEVELS

ASSETS AND LIABILITIES

1
2
3
4
5
6
7
8
9
10
11

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
TRADE CREDIT 2

126.2
3.2
121.8
18.2
6.6
46.8
16.2
17.9
12.5
3.6
1.2

134.4
3.1
129.9
16.8
7.5
50.5
17.3
20.5
13.6
3.8
1.3

141.6
3.2
136.9
15.9
8.3
55.0
17. 1
21.9
14.6
4. 3
1.5

155.6
3.4
150.6
16.2
9.3
59.1
23. 1
23.0
15.5
4.5
1.6

167.5
3.4
162.3
16. 1
10.8
62.6
27. 1
24.4
16.5
5.0
1.8

178.3
3.4
173.0
15.7
12.2
66. 1
29.6
25.9
17.8
5.8
1.9

196.1
3.6
190.4
15.6
13.5
69.8
38.8
27.3
19.4
6.2
2.1

204.2
3.8
198. 1
16.0
14.6
73.4
37.9
28.5
20.9
6. 8
2.4

1
2
3
4
5
6
7
8
9
10
11

12
13
14
15

TOTAL LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
NONLIFE POLICY LIABILITIES?

106.5
67.5
28.0
11.0

114.4
71.1
31.6
11 .8

121.8
73.8
35. 3
12.8

132.8
77.1
42. 1
13.7

143.8
80.7
48.3
14.8

153.0
84.2
53.1
15.7

166.3
87.9
61.9
16.5

173. 3
92.3
63.8
17.2

12
13
14
15

HMainly policy loans; includes small amount of open market
paper.
2Receivables from agents.

^See Table 12, note 6.

4

Includes trade credit not shown separately.




17

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF OOLLARS

LEVELS

12L.
1945

1946

1947

1948

ASSETS ANO LIABILITIES
1949

1950

LEVELS

1951

1952

1953

1954

INSURANCE SECTOR

1

TOTAL FINANCIAL ASSETS OF SECTOR

54.6

58.8

63.9

69.0

75.2

81.9

88.5

96.4

104.6

115.6

1

2

TOTAL LIABILITIES OF SECTOR

47.6

51.9

56.3

60.8

65.3

70.5

76.4

83.1

90.0

98.1

2

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

TOTAL FINANCIAL ASSETS
DEMANO DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MULTIFAMILY AND COMMERCIAL
FARM
OTHER LOANS 1

43.4
.8
42.6
21.0
.7
11.3
1.0
2.3
4.3
3.6
.8
2.0

46.4
.8
45.7
21.6
.6
13.1
1.2
2.5
4.6
3.8
.8
1.9

49.8
1.0
48.8
20.0
.6
16.1
1.4
3.5
5.2
4.3
.9
1.9

53.2
.9
52.3
16.7
.9
20.4
1.4
4.9
5.9
4.9
1.0
2.1

57.1
.9
56.2
15.3
1.1
22.9
1.7
6. 1
6.8
5.7
1.1
2.3

61.0
1.0
60.0
13.5
1.2
24.8
2.1
8.5
7.6
6.3
1.3
2.4

64.9
1.1
63.8
11.0
1.2
27.5
2.2
10.6
8.7
7.2
1.5
2.6

69.6
1.1
68.4
10.3
1.2
30.6
2.4
11.8
9.5
7.8
1.7
2.7

74.4
1.2
73.2
9.8
1.3
33.3
2.6
13.2
10. 1
8.2
1.9
2.9

79.9
1.2
78.7
9.1
1.8
35.3
3.3
15.2
10.8
8.8
2.0
3.2

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

15
16
17

TOTAL LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES

40.6
37.9
2.7

43.6
40.5
3.1

46.6
43.0
3.6

49.7
45.5
4.2

52.9
48.1
4.8

56.2
50.6
5.6

59.7
53.1
6.6

63.9
56.2
7.7

68.0
59.2
8.8

72.5 15
62.5 16
10.0 17

18
19
20
21
22
23
24

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 2
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4— FAMILY MORTGAGES

2.3
.1
2.2
1.4
.7
.2

2.8
.1
2.7
1.5
.9
.3

3.3
.1
3.2
1.6
1.2
.4

25

TOTAL LIABILITIES (PENSION FUND RESERVES)

2.3

2.8

3.3

LIFE INSURANCE COMPANIES

NONINSURED PENSION PLANS 10
3.9
.2
3.8
1.8
1.5
.5
-

4.5
.2
4.3
1.9
1.9
.6

5.9
.3
5.6
2.1
2.6
.9
.1

7.3
.3
7.0
2.3
3.3
1.2
.1

8.8
.3
8.5
2.3
4.4
1.7
.1

10.6
.4
10.2
2.5
5.4
2.2
.1

13.6
.3
13.2
2.5
6.7
3.9
.2

3.9

4.5

5.9

7.3

8.8

10.6

13.6 25

18
19
20
21
22
23
24

OTHER INSURANCE COMPANIES 5

26
27
28
29
30
31
32
33
34
35

total financial assets
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES 4
OTHER LOANS (POLICY LOANS)
TRADE CREDIT 5

9.0
.7
8.0
3.6
.6
1.0
2.4
.3
.1
.4

9.6
.9
8.2
3.8
.6
1.1
2.4
.3
.1
.5

10.8
1.1
9.2
4.5
.7
1.2
2.4
.3
.1
.6

12.0
l.l
10.2
5.0
1.0
1.4
2.5
.3
.1
.7

13.7
1.2
11.7
5.5
1.2
1.4
3.0
.4
.1
.7

15.1
1.3
13.0
5.9
1.5
1.5
3.5
.4
.1
.7

16.4
1.4
14.2
6.1
1.8
1.7
4.0
.5
.1
.8

18.1
1.5
15.7
6.5
2.2
1.9
4.4
.6
.1
.9

19.6
1.5
17.0
6.8
3.0
2. 1
4.5
.6
.1
1.0

22.2
1.5
19.6
6.9
3.7
2.2
6.0
.7
.1
1. I

36
37
38

TOTAL LIABILITIES
NONLIFE POLICY CLAIMS 6
LIFE INSURANCE RESERVES

4.7
3.6
1.1

5.5
4.3
1.2

6.4
5.1
1.3

7.2
5.9
1.3

7.9
6.5
1.3

8.4
7.0
1.4

9.3
7.9
1.4

10.4
8.9
1.5

11.3
9.7
1.6

12.0 36
10.3 37
1.7 38

7
Includes small amounts of demand deposits and currency, 1- to
4-family mortgages, and other loans (open market paper) not shown
separately.

\)pen market paper and policy loans.
Includes small amounts of open market paper not shown sepa­
rately.
^Fire and casualty companies, fraternal orders, and nonprofit
medical plans.
4
Multifamily and commercial mortgages.
^Receivables from agents.
^Prepaid premiums and benefit claims payable.




26
27
28
29
30
31
32
33
34
35

g

Includes small amounts of multifamily and commercial mortgages
and other loans not shown separately.
^Includes life insurance reserves (fraternal orders).
^Beginning 1955, the pension fund subsector includes multi­
employer and union-administered plans.

18

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12..

INSURANCE SUBSECTORS

IN BILLIONS OF DOLLARS
LEVELS

12L.
1955

1956

1957

LEVELS

ASSETS AND LIABILITIES
1958

1959

1960

1961

1962

INSURANCE SECTOR

1

TOTAL FINANCIAL ASSETS OF SECTOR

126.2

134.4

141.6

155.6

167.5

178.3

196.1

204.2

1

2

TOTAL LIABILITIES OF SECTOR

106.5

114.4

121.8

132.8

143.8

153.0

166.3

173.3

2

LIFE INSURANCE COMPANIES

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

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MULTIFAMILY AND COMMERCIAL
FARM
OTHER LOANS 1

85.4
1.3
84. 1
8.6
2.0
37.0
3.6
17.7
11.8
9.5
2.3
3.4

90.4
1.3
89.1
7.6
2.3
39.1
3.5
20.1
12.9
10.4
2.5
3.6

95.2
1.3
93.9
7.1
2.4
41.7
3.4
21.4
13.8
11.2
2.6
4. 1

101.0
1.4
99.6
7.2
2.7
44.2
4. 1
22.4
14.7
12.0
2.7
4.3

106.4
1.3
105. 1
6.9
3.2
46.4
4.6
23.6
15.6
12.8
2.8
4.8

111.9
1.3
110.6
6.5
3.6
48.2
5.0
24.9
16.9
13.9
3.0
5.6

118.6
1.4
117.2
6.2
3.9
50.6
6.3
25.8
18.4
15.3
3.2
6.0

125.0
1.5
123.6
6.3
4.0
53.1
6.7
27.0
20.0
16.6
3.4
6.6

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

15
16
17

TOTAL LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES

77. 1
65.8
11.3

81.8
69.3
12.5

86.0
71.9
14.1

90.7
75.1
15.6

96.2
78.6
17.6

100.9
82.0
18.8

105.9
85.7
20.2

111.5
89.9
21.6

15
16
17

18
19
20
21
22
23
24

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS ANO CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 2
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4- FAMILY MORTGAGES

16.7
.4
16.3
2.8
7.6
5.6
.3

19.0
.4
18.6
2.6
9.1
6.5
.4

21.2
.5
20.7
2.4
10.9
6.9
.5

26.5
.5
26.0
2.4
12.3
10.5
.6

30.8
.5
30.2
2.6
13.4
13.3
.8

34.3
.6
33.7
2.6
14.9
15.1
1.0

41.6
.7
41.0
2.7
15.9
20.7
1.5

42.2
.7
41.5
3.0
17.0
19.9
1.5

18
19
20
21
22
23
24

25

TOTAL LIABILITIES (PENSION FUND RESERVES)

16.7

19.0

21.2

26.5

30.8

34.3

41.6

42.2

25

NONINSURED PENSION PLANS 10

OTHER INSURANCE COMPANIES 5
26
27
28
29
30
31
32
33
34
35

total FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES 4
OTHER LOANS (POLICY LOANS)
TRADE CREDIT 5

24.2
1.5
21.5
6.9
4.5
2.2
7.0
.7
.1
1.2

25.0
1.5
22.3
6.6
5.2
2.2
7.3
.8
.1
1.3

25.3
1.5
22.4
6.4
5.9
2.4
6.8
.8
.1
1.5

28.3
1.5
25. 1
6.6
6.6
2.6
8.5
.8
.1
1.6

30.4
1.5
27.1
6.5
7.6
2.7
9.3
.9
.1
1.8

32.3
1.5
28.8
6.6
8.6
3.1
9.5
.9
.1
1.9

36.0
1.6
32.3
6.6
9.6
3.2
11.8
1.0
.1
2.1

37.0
1.6
33.1
6.8
10.6
3.4
11.3
1.0
.1
2.4

26
27
28
29
30
31
32
33
34
35

36
37
38

TOTAL LIABILITIES
NONLIFE POLICY CLAIMS 6
LIFE INSURANCE RESERVES

12.8
11.0
1.7

13.6
11.8
1.8

14.7
12.8
1.9

15.6
13.7
2.0

16.9
14.8
2.1

17.9
15.7
2.2

18.8
16.5
2.3

19.6
17.2
2.4

36
37
38




19

FINANCE N.E.C

FINANCE N.E.C

TABLE 13.

FINANCE N.E.C. SECTOR

IN BILLIONS OF DOLLARS

13L.

LEVELS

1
2
3
4
5
6
7
8
9
10
11

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT

12
13
14
15
16
17
18

TOTAL LIABILITIES
CREDIT MARKET INSTRUMENTS 2
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)
SECURITY CREDIT 5
MISCELLANEOUS 4

LEVELS

ASSETS AND LIABILITIES

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

11.0
1.6
8.1
3.4
.3
1.0
1.9
.1
.9
.5
1.3

10.5
1.8
8.1
2.2
.3
1.0
1.8
.2
1.5
1.0
.6

10.8
1.6
8.6
1.4
.2
1.0
2.0
.3
2.4
1.3
.6

12.9
1.7
10.6
2.0
.3
1.0
2.0
.3
3.2
1.7
.6

15.0
1.7
12.3
1.8
.3
1.2
2.6
.4
4.3
1.7
1.0

17.9
2.1
14.2
1.7
.4
1. 1
2.9
.6
5.3
2.2
1.6

19.0
2.3
15.2
1.4
.4
1.2
3.4
.5
5.6
2.6
1.6

22.3
2.2
18.4
1.9
.2
1.4
4.3
.6
7.1
2.8
1.7

24.8
2.2
20.4
1.8
.4
1.3
4.5
.7
8.6
2.9
2.2

28.6
1
2.4 2
3
23. 1
2.1 4
.3 5
1.5 6
6.4 7
.9 8
9. 1 9
2.9 10
3.1 11

6.7
1. 1
.2
.8
.1
3.9
1.8

6.1
2.1
.4
1.6
.2
2.3
1.7

6.2
3.0
.5
2.2
.3
1.5
1.6

7.8
4. 1
1.0
2.6
.5
2.0
1.6

9.2
5.1
1.4
3.1
.7
2.5
1.6

11.1
6.5
1.7
4.1
.7
2.9
1.7

11.6
7.1
2.0
4.1
1.1
2.6
1.8

13.5
8.5
2.3
4.8
1.4
3.1
2.0

15.6
10. 1
3.7
4.7
1.6
3.4
2.1

17.2
10.4
4.0
4.9
1.5
4.4
2.4

1955

1956

1957

1958

1959

1960

1961

1962

LEVELS

13L.

12
13
14
15
16
17
18

LEVELS

ASSETS AND LIABILITIES

1
2
3
4
5
6
7
8
9
10
11

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT

35.6
2.7
29.3
1.6
.3
1.7
8.1
1.4
11.8
4.2
3.6

37.7
2.9
31.1
1.8
.1
1.7
8.9
1.3
12.8
4.4
3.7

39.2
3. 1
32.7
2. 1
.2
1.8
8.4
l.l
13.5
5.5
3.5

44.5
3.2
36.7
2.3
.2
1.8
12.5
1.6
12.7
5.6
4.5

50.0
3.5
42.0
2.0
.3
2.0
14.7
1.6
14.5
6.8
4.5

55.7
3.8
47.4
3.1
.4
2.1
15.6
1.6
16.0
8.6
4.5

64.8
4.3
54.9
3.7
.3
2.2
21.1
2.3
15.9
9.4
5.6

66.9
4.4
57.2
4.5
.5
2.6
18.9
2.7
17.2
10.6
5.3

1
2
3
4
5
6
7
8
9
10
11

12
13
14
15
16
17
18

TOTAL LIABILITIES
CREDIT MARKET INSTRUMENTS 2
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)
SECURITY CREDIT 3
MISCELLANEOUS 4

21.6
14.3
5.4
7.2
1.7
4.7
2.6

22.1
14.9
6.3
6.6
1.9
4.2
3.1

23.3
15.6
7.1
6.2
2.3
4.3
3.4

23. 1
14.5
7.2
5.0
2.2
4.8
3.7

25.6
17.6
8.3
6.4
2.8
4.9
3.1

28.9
19.8
9.9
6.2
3.7
5.4
3.7

31.3
20.4
10.4
6.3
3.7
6.3
4.6

35.1
23.4
11.2
7.5
4.7
7.2
4.5

12
13
14
15
16
17
18

if.

^Mainly finance company loans to business; also acceptances and
loans of banks in territories and possessions.
^Liabilities of finance companies.

Deposits at banks in U. S. possessions and agencies of foreign
banks.
^The negative tendency of current surplus for this sector re­
flects the accounting treatment of investment companies (q.v.,
Table 14).

^Liability of brokers and dealers.




20

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

FINANCE N.E.C. SUBSECTORS

IN BILLIONS OF DOLLARS

ASSETS AND LIABILITIES

14L.

LEVELS

1945

1946

1947

1948

1949

LEVELS

1950

1951

1952

1953

1954

1

TOTAL FINANCIAL ASSETS OF SECTOR

11.0

10.5

10.8

12.9

15.0

17.9

19.0

22.3

24.8

28.6

I

2

TOTAL LIABILITIES OF SECTOR

6.7

6.1

6.2

7.8

9.2

11.1

11.6

13.5

15.6

17.2

2

3
4
5
6
7
8

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
1-TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

2.0
.6
1.4
.1
.9
.4

3.2
.6
2.6
.2
1.5
.9

4.3
.6
3.7
.2
2.4
1.1

5.7
.7
4.9
.2
3.2
1.5

6.9
.9
6. 1
.3
4.3
1.5

8.8
1.0
7.8
.5
5.3
2.0

9.5
l.l
8.3
.4
5.6
2.4

11.3
1.2
10.1
.5
7.1
2.6

13.0
1.2
11.8
.5
8.6
2.7

13.6
1.2
12.3
.7
9.1
2.6

3
4
5
6
7
8

9
10
11
12

TOTAL LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

1.1
.2
.8
.1

2.1
.4
1.6
.2

3.0
.5
2.2
.3

4. 1
1.0
2.6
.5

5. 1
1.4
3. 1
.7

6.5
1.7
4.1
.7

7.1
2.0
4.1
1.1

8.5
2.3
4.8
1.4

10. 1
3.7
4.7
1.6

10.4 9
4.0 10
4.9 11
1.5 12

13
14
15
16
17
18

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
OTHER SECURITIES^
SECURITY CREDIT 4

5.9
.5
4. 1
2. 1
2. 1
1.3

4.3
.7
3.0
1.0
1.9
.6

3.5
.6
2.2
.3
1.9
.6

4.0
.6
2.8
.9
1.9
.6

4.5
.5
3.0
.8
2.3
1.0

4.9
.6
2.8
.7
2.1
1.5

4.6
.6
2.6
.4
2.2
1.4

5.1
.5
3.0
.8
2.2
1.5

5.4
.5
3.1
.8
2.3
1.9

6.4
.5
3.3
.8
2.4
2.7

13
14
15
16
17
18

19
20
21
22

TOTAL LIABILITIES (SECURITY CREDIT)
SECURITY LOANS FROM BANKS
SECURITY LOANS FROM AG. OF FGN. BKS.
CUSTOMER CREDIT BALANCES

3.9
3.2
.7

2.3
1.5
.8

1.5
.8
.7

2.0
1.3
.6

2.5
1.8
*
.7

2.9
1.8
.1
1.0

2.6
1.6
.2
.9

3.1
2.1
.2
.8

3.4
2.4
.3
.8

4.4
2.9
.4
1.1

19
20
21
22

23
24
25
26

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES

1.3
.1
1.2
*

1.3
.1
1.2
*

1.4
.1
1.3
*

1.5
.1
1.4
.1

1.9
.1
1.9
.1

2.4
.1
2.3
.1

3.0
.1
2.9
.1

3.9
.1
3.8
.1

4. 1
.2
4.0
.1

6. 1
.2
6.0
.2

23
24
25
26

1.2
.1
1.0

1.2
.2
1.0

1.3
.1
1.2

1.4
.2
1.2

1.8
.2
1.6

2.2
.2
2.0

2.8
.3
2.5

3.7
.3
3.3

3.9
.3
3.5

5.8 27
.4 28
5.4 29

FINANCE COMPANIES 1

SECURITY BROKERS AND DEALERS

OPEN-END INVESTMENT COMPANIES

27
28
29

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS

AGENCIES OF FOREIGN BANKS
30
31
32

TOTAL FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREDIT

.8
.7
-

.8
.6

.8
.6

33

TOTAL LIABILITIES

.8

.8

.8

6

.8
.7
-

.8
.6

.9
.6
.1

1.0
.7
.2

1.1
.7
.2

1.2
.7
.3

1.5 30
.8 31
.4 32

.8

.8

.9

1.0

1.1

1.2

1.5 33

.9

.9

1.0 34

BANKS IN U.S..POSSESSIONS
34

TOTAL FINANCIAL ASSETS

7

.9

.9

.9

.8

.8

.9

g
°The negative tendency of current surplus for this sector re­
flects the accounting treatment of investment companies. Divi­
dends paid by these companies from realized capital gains are
deducted in arriving at current surplus, while the capital gains
giving rise to such dividends are not included in income; this
treatment conforms to the national income treatment of investment
companies. Reinvestment of capital gains dividends in the invest­
ment companies are reflected in the figures for net issues of
corporate stock.
a
^Includes demand deposits and currency not shown separately.

Sales finance companies, consumer finance companies, factors
and other commercial lenders, mortgage companies and miscellaneous
short-term lenders.
o business.
Estate and local obligations and corporate bonds and stocks.
4
Customer debit balances.
^Includes demand deposits and other loans (acceptances) not
shown separately.
^Deposit liabilities, included in miscellaneous financial
transactions category.
7
Demand deposits and currency, U. S. Government securities,
State and local obligations, corporate bonds, 1- to 4-family
mortgages, other mortgages, and other loans.




.9

^Included in corporate stock category. Includes issue of
shares against retained capital gains dividends, not included in
Investment Company Institute data. See footnote 8.

21

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

FINANCE N.E.C. SUBSECTORS

IN BILLIONS OF DOLLARS

LEVELS

14L.
1955

1956

ASSETS AND LIABILITIES

LEVELS

1957

1958

1959

1960

1961

1962

1

TOTAL FINANCIAL ASSETS OF SECTOR

35.6

37.7

39.2

44.5

50.0

55.7

64.8

66.9

1

2

TOTAL LIABILITIES OF SECTOR

21.6

22.1

23.3

23. 1

25.6

28.9

31.3

35. 1

2

3
4
5
6
7
8

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
1-TU 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

18.3
1.5
16.8
1.2
11.8
3.8

19.3
1.5
17.8
1.1
12.8
3.8

20.8
1.6
19.2
.8
13.5
4.8

20.6
1.7
18.9
1.3
12.7
4.9

24.2
2.0
22.1
1.5
14.5
6. 1

27.5
2. 1
25.4
1.5
16.0
7.9

29.0
2.3
26.7
2.1
15.9
8.6

31.9
2.3
29.6
2.6
17.2
9.8

3
4
5
6
7
8

9
10
11
12

TOTAL LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

14.3
5.4
7.2
1.7

14.9
6.3
6.6
I .9

15.6
7.1
6.2
2. 3

14.5
7.2
5.0
2.2

17.6
8.3
6.4
2.8

19.8
9.9
6.2
3.7

20.4
10.4
6.3
3.7

23.4
11.2
7.5
4.7

9
10
11
12

13
14
15
16
17
18

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
OTHER SECURITIES}
SECURITY CREDIT 4

6.7
.5
3.1
.4
2.7
3.1

6.2
.5
2.5
.4
2.1
3.1

6.3
.5
2.9
. 7
2.2
2.8

6.8
.6
2.5
.7
1.8
3.8

6.9
.6
2.5
.5
2. 1
3.8

7.4
.6
3.1
l.l
2.0
3.6

8.3
.7
2.8
l.l
1.8
4.7

9.2
.6
4.0
1.8
2. 1
4.6

13
14
15
16
17
18

19
20
21
22

TOTAL LIABILITIES (SECURITY CREDII)
SECURITY LOANS FROM BANKS
SECURITY LOANS FROM AG. OF FGN. BKS.
CUSTUMER CREDIT BALANCES

4.7
3.3
.5
1.0

4.2
2.6
.6
1 .0

4. 3
2.6
.7
1.0

4.8
2.8
.7
1.3

4.9
3.0
.8
1.1

5.4
3.3
.8
1.2

6.3
4.1
.9
1.3

7.2
5.1
.7
1.3

19
20
21
22

23
24
25
26

TOTAL FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES

7.8
.2
7.7
.3

9.0
.2
8.8
.3

8.7
.2
8.5
.3

13.2
.2
13.0
.4

15.8
.3
15.5
.6

1 7.0
.4
16.7
.6

22.9
.4
22.5
.7

21.3
.6
20.7
.7

23
24
25
26

7.4
.5
6.9

8.6
.7
7.9

8.2
.8
7.4

12.6
.9
11.7

15.0
l.l
13.9

16. 1
1.2
14.8

21.8
1.4
20.4

20.0
1.8
18.1

27
28
29

FINANCE COMPANIES 1

SECUR ITY BROKERS AND DEALERS

OPEN-END INVESTMENT COMPANIES

27
28
29

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS

AGENCIES OF FOREIGN BANKS
30
31
32

TOTAL FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREDIT

1.6
.7
.5

2.1
.9
.6

33

TOTAL LIABILITIES

1.6

2.1

6

2.2
.8
.7

2.4
.9
.7

2.5
1.0
.8

3.0
1.2
.8

3.8
1.8
.9

3.6
1.8
.7

30
31
32

2.2

2.4

2.5

3.0

3.8

3.6

33

.8

.9

34

BANKS IN U.S..POSSESSIONS
34

TOTAL FINANCIAL ASSETS




7

1.0

22

1.1

1.3

1.4

.7

.7

BANKING

BANKING

TABLE 15.

CONSOLIDATED COMMERCIAL BANKING SYSTEM
IN BILLIONS OF DOLLARS

15L.

LEVELS

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

TOTAL FINANCIAL ASSETS
GOLD AND FOREIGN EXCHANGE
GOLD
NET IMF POSITION 1
OFF. FGN. CURR. HOLDINGS
TREASURY CURRENCY 1

CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
SHORT-TERM DIRECT 2
OTHER DIRECT
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER

15
16
17
18
19

STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
1- TO 4- FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT

20
21
22
23
24

BANK
TO
TO
TO
TO

25
26
27
28

OTHER LOANS
CCC-GUARANTEED LOANS 5
OPEN MARKET PAPER
SECURED BY HYPOTHECATED DEP. 4

29
30

LOANS N.E.C.
NONFINANCIAL BUSINESS
NONBANK FINAN. SECTORS
NONPROFIT ORGS.
REST OF THE WORLD

SECURITY LOANS
MISCELLANEOUS

31
32
33
34
35
36
37
38
39
40
41

TOTAL LIABILITIES
DEMAND DEP., NET, AND CURRENCY
DUE TO U.S. GOVERNMENT
MONETARY AUTHORITIES
COMMERCIAL BANKS
DUE TO REST OF THE WORLD
MONETARY AUTHORITIES 6
COMMERCIAL BANKS
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY

42
43
44
45
46
47
48

TIME DEPOSITS 7
U.S. GOVERNMENT
FOREIGN
STATE AND LOC. GOVTS.
CONSUMERS
CORPORATE BUSINESS
OTHER LIABILITIES 8

5

LEVELS

1948

1949

1950

1951

1952

1953

1954

174.8
20.1
20.1
*
4.2

163.6
167.8
20.5
23.8
20.7
22.9
.2.9
4.4
4.4

169.2
25.7
24.4
1.3
4.4

171.0
26.0
24.6
1.5
4.4

177.9
24.3
22.8
1.4
4.5

187.2
24.3
22.9
1.4
4.6

197.7
24.7
23.3
1.5
4.7

201.9
23.5
22.1
1.4
4. 7

211.2
23.0
21.8
1.2
4.8

1
2
3
4
5
6

141.2
1 15.7
24.3
23.2
1.1
91.4
32.3
59.0

134.0
99.3
23.4
22.3
1.1
75.9
18.8
57.1

136.5
93.0
22.6
19.9
2.7
70.4
19.2
51.2

135.2
87.2
23.4
12.4
10.9
63.9
19.4
44.5

136.2
87.2
18.9
12.0
6.9
68.3
26.5
41.7

144.2
84.5
20.8
16.0
4.8
63.7
22.2
41.5

153.5
86.9
23.8
13.4
10.4
53.1
15.8
47.3

163.6
89.5
24.7
14.8
10.0
64.8
19.2
45.6

168.6
90.7
25.9
17.0
9.0
64.8
28.2
36.5

177.0
95.3
25.0
19.4
5.5
70.4
17.5
52.8

7
8
9
10
11
12
13
14

4.0
2.2
2.9
1.9
1.4

4.4
2.2
4.6
2.7
2.6

5.3
2.2
6.3
3.1
3.8

5.7
1.9
7.3
3.5
4.8

6.5
2.1
7.9
3.7
5.8

8.1
2.2
9.4
4.2
7.4

9.2
2.2
10.2
4.4
7.5

10.2
2. 1
11.1
4.6
9.4

10.8
2.1
11.9
4.8
10.9

12.6
1.9
13.2
5.2
10.9

15
16
17
18
19

12.5
10.2
1.0
.9
.5

17.7
14.8
1.7
.6
.8

22.1
18.6
2.3
.3
1.0

23. 1
19.0
2.7
.4
1. 1

21.4
16.9
3. I
.4
.9

27.3
21.7
4.2
.7
.7

31.9
26.2
4.2
.7
.8

35.0
28.7
4.9
.6
.8

34.0
28.0
4.8
.6
.7

34.1
27.6
5.0
.7
1.0

20
21
22
23
24

.6
.3
.2
.1

.5
.1
.3
.1

.6
.1
.4
.1

1.5
.9
.4
.2

1.6
1.0
.4
.2

1.2
.4
.5
.3

1.3
.3
.6
.4

1.8
.7
.7
.4

3.3
2.2
.7
.4

3.7
2.3
.9
.5

25
26
27
28

6.8
2.6

3.2
1.6

2.1
1.0

2. 3
1.6

2.6
1.7

2.9
2.1

2.6
2.3

3.2
1.5

3.6
1.6

4.5 29
1.9 30

167.1
131.7
26.6
1.9
24.7
3.6
.9
2.7
101.4
74.8
26.6

155.0
116.9
4.3
1.1
3.2
3.8
.5
3.2
108.8
81.9
26.9

158.8
120.0
3.9
2.4
1.5
3.5
.4
3.0
112.6
86.0
26.7

159.3
119.5
5.1
2.6
2.5
3.7
.6
3. I
110.7
84.4
26.3

160.3
119.5
5.5
2.3
3.3
3.7
.8
2.9
110.2
84.6
25.6

167.3
125.9
5.2
2.2
3.0
3.9
.9
3.0
116.7
91.2
25.6

175.8
132.5
5.4
1.8
3.7
3.4
.5
2.9
123.6
97. 1
26.5

185.5
138.8
7.2
1.9
5.3
3.6
.6
3.1
127.9
100.2
27.7

189.0
138.7
5.9
1.4
4.6
3.4
.4
2.9
129.5
101.2
28.3

197.1
143. I
6.2
1.6
4.6
3.5
.5
3.0
133.5
105.4
28.0

31
32
33
34
35
36
37
38
39
40
41

30.4
.1
•
.5
28.7
.9
5.1

34.2
.1

35.5
.1
•
.9
33.4
.9
3.2

36.2
.1
•
1.1
33.7
.9
3.7

36.6
.2
.2
1.3
33.9
.9
4.2

36.9
.2
.4
1.4
33.9
.9
4.5

38.7
.3
.5
1.5
35.2
.9
4.7

41.7
.3
.7
1.6
37.9
.9
5.0

45. 1
.3
1.3
2.0
40.4
.9
5.1

48.9
.4
1.8
2.4
43.0
1.1
5.0

42
43
44
45
46
47
48

1946

«

.7
32.2
.9
3.9

^Other than IMF deposits, which are net in IMF position, line 4

For description of IMF position and Treasury currency see
Table l8.
^Before 1951 direct marketable issues maturing or callable

of Table 15L and line 8 of flow tables.
9
Includes mutual savings bank deposits not shown separately,
o
°For detail, see Table
g
Includes F.R. payments to U. S. Government on notes outstand­
ing.
^Includes Treasury currency not shown separately.

within 1 year; beginning 1951 direct marketables maturing within
1 year.
^Includes CCC certificates of interest.

^Consumer loans excluded from line 19 but included in bank
credit statistics.
'’Net of F.R. float and cash items in process of collection.




ASSETS AND LIABILITIES

1947

1945

23

BANKING

BANKING

TABLE 15.

CONSOLIDATED COMMERCIAL BANKING SYSTEM

IN BILLIONS OF DOLLARS

LEVELS

I
2
3
4
5
6

7
8
9
10
11
12
13
14

15L.

TOTAL FINANCIAL ASSETS
GOLD AND FOREIGN EXCHANGE
GOLD
NET IMP POSITION 1
OFF. FGN. CURR. HOLDINGS
TREASORY CURRENCY 1

CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
SHORT-TERM DIRECT 2
OTHER DIRECT
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER

ASSETS AND LIABILITIES

LEVELS

1955

1956

1957

1958

1959

1960

1961

1962

215.8
22.8
21.8
1.0
4.9

221.9
23.7
22.1
1.6
4.9

228.1
24.8
22.9
2.0
5.0

243.2
22.5
20.6
2.0
5. 1

248.3
21.5
19.5
2.0
5.2

257.0
19.4
17.8
1.6
5.2

274.8
18.8
16.9
1.7
.1
5.4

294.3
17.2
16.1
1.1
.1
5.4

1
2
3
4
5
6

181.2
88.2
24.8
20.7
4.1
63.4
9.0
54.4

186.7
85.2
25.0
22.1
2.9
60.2
13.8
46.4

191.1
84.6
24.3
21.4
2.8
60.3
15.7
44.6

208. 1
95.0
26.4
21.0
5.4
68.6
16.6
51.9

213.8
87.4
26.7
18.7
8.1
60.6
13.6
47.1

22 3.4
90.1
27.4
15.2
12.2
62.6
17.0
45.6

239.8
97.5
28.9
17.6
11.3
68.6
24.1
44.5

259.1
99.8
30.9
17.7
13.2
68.9
23.1
45.7

7
8
9
10
11
12
13
14

15
16
17
18
19

STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
1- TO 4- FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT

12.7
1.7
14.9
5.9
13.2

12.9
1.3
16.1
6.4
14.6

13.9
1.4
16.2
6.9
15.8

16.5
1.3
17.4
7.8
15.9

17.0
1.2
19.1
8.9
18.8

17.6
1.0
19.2
9.5
20.6

20.3
.9
20.0
10.4
21.4

24.8
.8
22.0
12.3
23.6

15
16
17
18
19

20
21
22
23
24

BANK
TO
TO
TO
TO

LOANS N.E.C.
NONFINANCIAL BUSINESS
NONBANK FINAN. SECTORS
NONPROFIT ORGS.
REST OF THE WORLD

42.2
32.1
7.3
1.4
1.4

48.0
38.0
6.8
1.5
1.8

50. 3
40.2
6.3
1.7
2. 1

51.5
41.6
5.2
2.1
2.6

59.3
47.4
6.7
2.4
2.9

62.0
50.0
6.4
2.6
3.0

64.8
51.7
6.5
2.9
3.7

70.8
55.7
7.6
3.4
4.1

20
21
22
23
24

25
26
27
28

OTHER LOANS
CCC-GUARANTEED LOANS 5
OPEN MARKET PAPER
SECURED BY HYPOTHECATED DEP.

2.4
1.2
.7
.5

2.3
.9
.7
.6

2.0
.5
.9
.6

2.6
.8
1.1
.6

2.0
.2
1.0
.7

3.4
.7
1.9
.7

4.5
.9
2.8
.8

5.0
1.1
3.0
.8

25
26
27
28

5.0
1.9

4.3
2.3

4.2
2.9

4.7
2.8

4.9
3.0

5. I
3.8

6.2
4.6

7.3
5.3

29
30

201.6
146.2
5.5
1.4
4.1
3.4
.4
3.0
137.3
108.8
28.5

206.7
148.0
5.5
1.5
4.0
3.6
.3
3.3
138.9
110.4
28.5

211.5
147.0
5.7
1.5
4.2
3.8
.4
3.5
137.5
109.0
28.5

225.4
152.7
5.8
1.3
4.5
3.8
.3
3.5
143. I
114.2
28.9

229.8
154.0
6.5
1.1
5.4
3.8
.4
3.5
143.7
114. 1
29.6

23 7.5
154.3
7.4
1. 1
6. 3
3.7
.2
3.5
143.2
113.7
29.5

254.2
160.2
7.6
l.l
6.5
3.6
.3
3.3
149.0
118.8
30.2

272.9
163.7
8.6
1.2
7.4
3.7
.3
3.4
151.4
120.3
31.1

31
32
33
34
35
36
37
38
39
40
41

50.3
.4
1.7
2.4
44.6
1.0
5.2

52.3
.3
1.6
2.4
46.8
1.0
6.4

57.8
.3
1.6
2.8
52.0
1.0
6.7

65.8
.3
2.5
3.6
57.3
1.9
6.9

67.5
.3
1.6
3.2
60.9
1.5
8.3

73.3
.3
1.9
4.6
64.2
2.3
9.8

82.7
.3
2.5
5.5
70.7
3.6
11.3

98.0
.3
2.7
6.4
82.2
6.2
11.2

42
43
44
45
46
47
48

29
30

4

SECURITY LOANS
MISCELLANEOUS

31
32
33
34
35
36
37
38
39
40
41

TOTAL LIABILITIES
DEMAND DEP., NET, AND CURRENCY
DUE TO U.S. GOVERNMENT
MONETARY AUTHORITIES
COMMERCIAL BANKS
DUE TO REST OF THE WORLD
MONETARY AUTHORITIES 6
COMMERCIAL BANKS
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY

42
43
44
45
46
47
48

TIME DEPOSITS 7
U.S. GOVERNMENT
FOREIGN
STATE AND LOC. GOVTS.
CONSUMERS
CORPORATE BUSINESS
OTHER LIABILITIES 8




5

2H

NOTES TO TABLE 16, COMMERCIAL BANK SUBSECTOR

A consolidated statement for commercial banks in the U. S.
separate from monetary authorities. Consolidation eliminates cash
items in process of collection and interbank deposits and loans
between U. S. banks. Loans to and deposits of foreign banks and
mutual savings banks are not eliminated.

In miscellaneous transactions; see Table 3^^Excess of F. R. credits to member bank reserves of collecting
banks over debits to reserves of paying banks on check clearances
through F. R. System. Demand deposit liability (line 27) is net
of this float.
^Includes capital stock of F. R. banks not shown separately.

^Includes loans secured by hypothecated deposits not shown
separately.
•^Deposits with Federal Reserve; vault cash in reserves is in

7

line 23.




25

Includes bank stock issues not shown separately.

COMMERCIAL BANKS

COMMERCIAL BANKS

TABLE 16.

COMMERCIAL BANK SUBSECTOR

1

IN BILLIONS OF DOLLARS
16L.

LEVELS

1
2
3
4
5
6
7

TOTAL FINANCIAL ASSETS
INC. IN CONSOLIDATED BANKING SECTOR
TOTAL LOANS AND INVESTMENTS
CREDIT AND EQUITY MKT. INSR.
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER

ASSETS AND LIABILITIES

LEVELS

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

144.2
126.2
123.6
116.8
91.4
32.3
59.0

133.6
115.2
113.7
110.5
75.9
18.8
57.1

137.2
116.9
115.9
113.9
70.4
19.2
51.2

138.2
115.5
113.9
111.6
63.9
19.4
44.5

140.3
121.6
119.8
117.2
68.3
26.5
41.7

148.4
128.3
126.3
123.4
63.7
22.2
41.5

157.5
134.5
132.2
129.6
63. 1
15.8
47.3

166.5
143.6
142.1
138.9
64.8
19.2
45.6

170.7
147.8
146.2
142.6
64.8
28.2
36.5

180.0
158.3
156.4
151.9
70.4
17.6
52.8

1
2
3
4
5
6
7

8
9
10
11
12

OTHER SECURITIES ♦ MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
1- TO 4- FAMILY MORTGAGES
OTHER MORTGAGES

10.9
4.0
2.2
2.9
1.9

13.8
4.4
2.2
4.6
2.7

16.9
5.3
2.2
6.3
3.1

18.4
5. 7
1.9
7.3
3.5

20.2
6.5
2.1
7.9
3.7

23.9
8.1
2.2
9.4
4.2

26.0
9.2
2.2
10.2
4.4

28.0
10.2
2.1
11.1
4.6

29.6
10.8
2. 1
11.9
4.8

32.9 8
12.6 9
1.9 10
13.2 11
5.2 12

13
14
15
16
17
18
19
20

OTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC LOANS
OPEN MARKET PAPER

14.5
1.4
12.5
.6
.3
.2
6.8
2.6

20.8
2.6
17.7
.5
.1
.3
3.2
1.6

26.6
3.8
22.1
.6
.1
.4
2.1
1.0

29.4
4.8
23. 1
1.5
.9
.4
2.3
1.6

28.8
5.8
21.4
1.6
1.0
.4
2.6
1.7

35.8
7.4
27.3
1.2
.4
.5
2.9
2. 1

40.6
7.5
31.9
1.3
.3
.6
2.6
2.3

46.1
9.4
35.0
1.8
.7
.7
3.2
1.5

48.3
10.9
34.0
3.3
2.2
.7
3.6
1.6

48.7
10.9
34.1
3.7
2.3
.9
4.5
1.9

13
14
15
16
17
18
19
20

18.0
15.9
1.9
.2

18.4
16.1
2.0
.2

20.3
17.9
2.2
.2

22.7
20.5
2.0
.2

18.8
16.6
2.0
.2

20. 1
17.7
2.2
.2

23.0
20.1
2.7
.2

23.0
20.0
2.8
.3

22.9
20.2
2.5
.3

21.6
18.9
2.5
.3

21
22
23
24

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

136.5
TOTAL LIABILITIES
INCLUDED IN CONSOLIDATED BANKING SECTOR 135.7
102.2
DEMAND DEPOSITS, NET
24.7
G. S. jOVtRNMENT
2.7
FORE IG N
74.5
JT-cR, NtT
30.4
T'“F. uEROSITS
•
FORE I GN
.5
STATE AND LOCAL GOVERNMENTS
.9
NONFINANCIAL CORPORATIONS
28.7
CONSUMERS ♦ NONPROFIT ORG.
3.1
OTHER LIABILITIES 4
.8
EXCL. FROM CONSOL. BANKING SECT.
.6
F.R. FLOAT 5
BORROWING AT F.R. BANKS
.2

125.3
124.7
88.4
3.2
3.2
81.9
34.2
*
.7
.9
32.2
2.2
.6
.6
•

128.5
127.9
90.6
1.5
3.0
86.0
35.5
•
.9
.9
33.4
1.8
.6
.5
*

128.7
128.1
90.0
2.5
3. 1
84.4
36.2
•
1.1
.9
33.7
1.9
.6
.5
*

130.2
129.7
90.8
3.3
2.9
84.6
36.6
.2
1.3
.9
33.9
2.2
.5
.5
*

138.4
137.0
97.2
3.0
3.0
91.2
36.9
.4
1.4
.9
33.9
2.9
1.4
1.4
.1

146.6
145.4
103.7
3.7
2.9
97.1
38.7
.5
1.5
.9
35.2
3.0
1.2
1.2

154.7
153.6
108.6
5.3
3.1
100.2
41.7
.7
1.6
.9
37.9
3.3
l.l
1.0
.1

158.3
157.3
108.7
4.6
2.9
101.2
45. 1
1.3
2.0
.9
40.4
3.5
.9
.9
•

166.4
165.5
113.0
4.6
3.0
105.4
48.9
1.8
2.4
1.1
43.0
3.6
.8
.8
*

25
26
27
23
29
30
31
32
33
34
35
36
37
38
39

40

MEMO - TOTAL LOANS EXC. MORTGAGES

21.3

23.9

28.7

31.7

31.4

38.7

43.1

49.3

51.8

1955

1956

1957

1958

1959

1960

1961

1962

185.3
163.3
161.4
156.4
63.4
9.0
54.4

190.8
168.2
165.9
161.6
60.2
13.8
46.4

196.4
173.7
171.0
166.8
60.3
15.7
44.6

211.2
189.1
186.3
181.6
68.6
16.6
51.9

216.4
194.9
191.8
187.0
60.6
13.6
47. 1

225.7
204.8
201.0
195.9
62.6
17.0
45.6

243.0
221.5
217.0
210.8
68.6
24.1
44.5

262.8
240.7
235. 3
228. 1
68.9
23.1
45.7

1
2
3
4
5
6
7

35.2
12.7
1.7
14.9
5.9

36.7
12.9
1.3
16.1
6.4

38.4
13.9
1.4
16.2
6.9

43.1
16.5
1.3
17.4
7.8

46.3
17.0
1.2
19.1
8.9

47.3
17.6
1.0
19.2
9.5

51.5
20.3
.9
20.0
10.4

59.9
24.8
.8
22.0
12.3

8
9
10
11
12

security credit

MISCELLANEOUS ASSETS
EXCL. FROM CONSOL. BANKING SECT.
MEMBER BANK RESERVES 5
VAULT CASH
CAPITAL STOCK OF F.R. BANKS

21
22
23
24

16L.

LEVELS

1
2
3
4
5
6
7

TOTAL FINANCIAL ASSETS
INC. IN CONSOLIDATED BANKING SECTOR
TOTAL LOANS AND INVESTMENTS
CREDIT AND EQUITY MKT. INSR.
U.S. GUVT. SECURITIES
SHORT-TERM DIRECT
OTHER

8
9
10
11
12

OTHER SECURITIES + MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONOS
1- TO 4— FAMILY MORTGAGES
OTHER MORTGAGES

♦

53.1 40
LEVELS

ASSETS AND LIABILITIES

13
14
15
16
17
18
19
20

OTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANi 2
CCC LOANS
OPtN MARKET PAPER
SECURITY CREDIT
MISCELLANEOUS ASSETS

57.8
13.2
42.2
2.3
1.2
.7
5.0
1.9

64.8
14.6
48.0
2.2
.9
.7
4.3
2.3

68.0
15.8
50.3
1.9
.5
.9
4.2
2.7

70.0
15.9
51.5
2.5
.8
1.1
4.7
2.8

80. 1
18.8
59.3
1.9
.2
1.0
4.9
3.0

86.0
20.6
62.0
3.4
.7
1.9
5. 1
3.8

90.7
21 .4
64.8
4.5
.9
2.8
6.2
4.5

99.3
23.6
70.8
4.9
1.1
3.0
7.3
5.3

13
14
15
16
17
18
19
20

21
22
23
24

EXCL. FROM CONSOL. BANKING SECT.
MEMBER BANK RESERVES 3
VAULT CASH
CAPITAL STOCK OF F.R. BANKS

22.0
19.0
2.7
.3

22.6
19.1
3.3
.3

22.7
19.0
3. 3
.3

22.1
18.5
3.2
.4

21.6
18.2
3.0
.4

20.8
17.1
3.3
.4

21.5
17.4
3.7
.4

22.2
17.5
4.3
.5

21
22
23
24

171.7
170.0
115.9
4.1
3.0
108.8
50.3
1.7
2.4
1.0
44.6
3.9
1.7
1.6
.1

176.2
174.5
117.7
4.0
3.3
110.4
52.3
1 .6
2.4
1.0
46.8
4.5
1.7
1.7
•

180.4
179.0
116.7
4.2
3.5
109.0
57.8
1.6
2.8
1.0
52.0
4.5
1.5
1.4
•

194.0
192. 7
122.2
4.5
3.5
114.2
65.8
2.5
3.6
1.9
57.3
4.8
1.3
1.3
*

198.5
196.5
122.9
5.4
3.5
114.1
67.5
1.6
3.2
1.5
60.9
6.0
2.0
1.6
.5

206.6
204.7
123.4
6.3
3.5
113.7
73.3
1.9
4.6
2.3
64.2
8.0
1.9
1.8
•

222.9
220.5
128.6
6.5
3.3
118.8
82.7
2.5
5.5
3.6
70.7
9.2
2.4
2.3
.1

241.9
2 39.0
131.1
7.4
3.4
120.3
98.0
2.7
6.4
6.2
82.2
9.8
2.9
2.9
•

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

62.8

69.1

72.2

74.6

84.9

91.1

96.8

106.6

40

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

TOTAL LIABILITIES
INCLUDED IN CONSOLIDATED BANKING SECTOR
DEMAND DEPOSITS, NET
j. S. GOVERNMENT

40

MEMO - TOTAL LOANS EXC. MORTGAGES

foreign

OTHER, NET
TIME DEPOSITS
FOREIGN
STATE AND LOCAL GOVERNMENTS
NONFINANCIAL CORPORATIONS
CONSUMERS ♦ NONPROFIT ORG.
OTHER LIABILITIES 4
EXCL. FROM CONSOL. BANKING SECT.
F.R. FLOAT 5
BORROWING AT F.R. BANKS




26

MONETARY AUTHORITIES

MONETARY AUTHORITIES

TABLE 17.

MONETARY AUTHORITIES SUBSECTOR 1

IN BILLIONS OF DOLLARS

LEVELS

17L.

ASSETS AND LIABILITIES

LEVfcLS

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

55.2
54.1
24.7
4.7
24.8
24.7
14.8
10.0

53.7
52.9
23.0
4.8
25.1
25.0
19.4
5.5

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

TOTAL FINANCIAL ASSETS
INCL. IN CONSOL. BANKING SECT.
gold AND FGN. EXCHANGE 2
TREASURY CURRENCY
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3
EXCL. FROM CONSOL. BANKING SECT.
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS

49.4
48.6
20.1
4.2
24.3
24.3
23.2
1.1
.8
.6
.2

49.0
48.4
20.5
4.4
23.5
23.4
22.3
1.1
.6
.6
•

51.4
50.8
23.8
4.4
22.6
22.6
19.9
2.7
.6
.5
•

54.2
53.7
25.7
4.4
23.5
23.4
12.4
10.9
.6
.5
•

50.0
49.5
26.0
4.4
19.0
18.9
12.0
6.9
•
.5
.5
*

51.0
49.6
24.3
4.5
20.8
20.8
16.0
4.8
•
1.4
1.4
.1

53.9
52.7
24.3
4.6
23.8
23.8
13.4
10.4
»

»

1.2
1.2
*

1.1
1.0
.1

55.1
54.2
23.5
4. 7
26.0
25.9
17.0
9.0
•
.9
.9
*

13
14

TOTAL LIABILITIES
INCL. IN CONSOL. BANKING SECT.
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS
EXCL. FROM CONSOL. BANKING SECT.
MEMBER BANK RESERVES 6
VAULT CASH OF COKL.. BANKS
CAPITAL STOCK AT F.R. BANKS

49.4
31.4

48.7
30.3

51.2
30.9

53.9
31.3

49.4
30.6

50.4
30.4

53.4
30.5

54.8
31.8

54.6
31.7

53.2 13
31.6 14

1.9
.9
26.6
2.0
18.0
15.9
1.9
.2

1.1
.5
26.9
1.7
18.4
16.1
2.0
.2

2.4
.4
26.7
1.4
20.3
17.9
2.2
.2

2.6
.6
26.3
1.8
22.7
20.5
2.0
.2

2.3
.8
25.6
1.9
18.8
16.6
2.0
.2

2.2
.9
25.6
1.7
20.1
17.7
2.2
.2

1.8
.5
26.5
1.7
23.0
20.1
2.7
.2

1.9
.6
27.7
1.7
23.0
20.0
2.8
.3

1.4
.4
28.3
1.6
22.9
20.2
2.5
.3

1.6
.5
28.0
1.4
21.6
18.9
2.5
.3

1955

1956

1957

1958

1959

1960

1961

1962

54.0
52.1
19.4
5.2
27.5
27.4
15.2
12.2

1.9
1.8
•

55.7
53.3
18.8
5.4
29.0
28.9
17.6
11.3
.1
2.4
2.3
.1

56.6
53.7
17.2
5.4
31.0
30.9
17.7
13.2
•
2.9
2.9

15
16
17
18
19
20
21
22

LEVELS

17L.

1
2
3
4
5
6
7
8
«
9
.8 10
.8 11
12
*

15
16
17
18
19
20
21
22

LEVfcLS

ASSETS AND LIABILITIES

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

TOTAL FINANCIAL ASSETS
INCL. IN CONSOL. BANKING SECT.
GOLD AND FGN. EXCHANGE 2
TREASURY CURRENCY
CREDIT MARKET INSTRUMENTS
U.S. GUVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3
EXCL. FROM CONSOL. BANKING SECT.
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS

54.2
52.5
22.8
4.9
24.8
24.8
20.7
4.1
•
1.7
1.6
.1

55.4
53.7
23.7
4.9
25.1
25.0
22.1
2.9
*
1.7
1.7
*

55.8
54.4
24.8
5.0
24.3
24.3
21.4
2.8
.2
1.5
1.4
*

55.5
54.1
22.5
5.1
26.5
26.4
21.0
5.4
1.3
1.3
•

55.5
53.5
21.5
5.2
26.8
26.7
18.7
8.1
•
2.0
1.6
.5

13
14

TOTAL LIABILITIES
INCL. IN CONSOL. BANKING SECT.
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS
EXCL. FROM CONSOL. BANKING SECT.
MEMBER BANK RESERVES 6
VAULT CASH OF •C0»X.- BANKS
CAPITAL STOCK AT F.R. BANKS

53.6
31.6

54.8
32.2

55.3
32.6

54.8
32.7

54.9
33.3

53.6
32.7

55.2
33.7

56. 1
33.9

13
14

1.4
.4
28.5
1.3
22.0
19.0
2.7
.3

1.5
.3
28.5
1.9
22.6
19.1
3.3
.3

1.5
.4
28.5
2.2
22.7
19.0
3.3
.3

1.3
.3
28.9
2.2
22.1
18.5
3.2
.4

1.1
.4
29.6
2.3
21.6
18.2
3.0
.4

1.1
.2
29.5
1.9
20.8
17.1
3.3
.4

1.1
.3
30.2
2.1
21.5
17.4
3.7
.4

1.2
.3
31.1
1.3
22.2
17.5
4.3
.5

15
16
17
18
19
20
21
22

15
16
17
18
19
20
21
22

Consolidation of Federal Reserve System, Exchange Stabilization
Fund, and certain Treasury currency accounts. For description, see
Flow of Funds in the United States, 1939-53 (Board of Governors of
the Federal Reserve System, 1955), Ch. 8 and Ch. 17.
^For detail, see Table 18.

«

»

Deposits of foreign banks and international organizations at
Federal Reserve Banks and estimated 0. S. currency held abroad.
Excludes IMF deposits at Federal Reserve, which are net in foreign
exchange position.
^Other than vault cash.
7
Includes F. R. bank stock not shown separately.

^Exchange Stabilization Fund assets: deposits with Treasury and
foreign currency.
4
See note 5, Table 17•




»

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

27

MONETARY RESERVES

MONETARY RESERVES

TABLE 18.

GOLD, FOREIGN EXCHANGE, ANO TREASURY CURRENCY

IN BILLIONS OF DOLLARS
LEVELS

11
12

GULD AND FOREIGN EXCHANGE
U.S. ASSETS
GULD
FOREIGN EXCHANGE POSITION 1
NET IMF POSITION
CAPITAL SUBSCRIPTION
LESS-IMF NOTES
IMF DEPOSITS WITH F.R.
OFFICIAL FOREIGN CURRENCY HOLDINGS
AT-TREASURY
FEDERAL RESERVE
REST OF THE WORLD
GOLD HOLDINGS
MEMO- TOTAL GOLD SUPPLY

13
14
15
16
17

TREASURY CURRENCY
TOTAL ASSETS
BANKING SYSTEM 2
U.S. GOVERNMENT 3
TOTAL LIABILITY (U.S. GOVT.) 4
DISCREPANCY 5

1
2
3
4
5
6
7
8
9
10

18L.

11
12

GOLD AND FOREIGN EXCHANGE
U.S. ASSETS
GOLD
FOREIGN EXCHANGE POSITION 1
NET IMF POSITION
CAPITAL SUBSCRIPTION
LESS-IMF NOTES
IMF DEPOSITS WITH F.R.
OFFICIAL FOREIGN CURRENCY HOLDINGS
AT-TREASURY
FEDERAL RESERVE
REST OF THE WORLD
GOLD HOLDINGS
MEMO- TOTAL GOLD SUPPLY

13
14
15
16
17

TREASURY CURRENCY
TOTAL ASSETS
BANKING SYSTEM 2
U.S. GOVERNMENT 3
TOTAL LIABILITY (U.S. GOVT.) 4
DISCREPANCY 5

1947

1948

1949

1950

1951

1952

1953

1954

20.1
20.1
-

20.5
20.7
.2.2.2
-

23.8
22.9
.9
.9
2.8
1.5
.3
-

25.7
24.4
1.3
1.3
2.8
1.2
.3
-

26.0
24.6
1.5
1.5
2.8
1.0
.3
-

24.3
22.8
1.4
1.4
2.8
1.3
•
-

24.3
22.9
1.4
1.4
2.8
1.3
•
-

24.7
23.3
1.5
1.5
2.8
1.3
•
-

23.5
22.1
1.4
1.4
2.8
1.3
•
-

23.0
21.8
1.2
1.2
2.8
1.5
•
-

13.2
33.3

12.9
33.6

11.3
34.2

10.2
34.6

10.5
35.0

12.5
35.4

12.7
35.6

12.6
35.8

14.2
36.3

15.1 11
36.9 12

4.4
4.2
.2
2.3
2.1-

4.5
4.4
.1
2.4
2.1-

4.5
4.4
.1
2.4
2.1-

4.5
4.4
.1
2.4
2. 118L.

4.5
4.4
.1
2.4
2.2-

4.6
4.5
.1
2.4
2.2-

4.6
4.6
.1
2.4
2.2-

4.7
4.7
•
2.4
2.3-

4.8
4.7
•
2.5
2.3-

-

I
2
3
4
5
6
7
8
9
10

4.8 13
4.8 14
•
15
2.5 16
2.3-•17

LEVELS

ASSETS AND LIABILITIES

1955

1956

1957

1958

1959

1960

1961

1962

22.8
21.8
1.0
1.0
2.8
1.6
.1
-

23.7
22.1
1.6
1.6
2.8
l.l
.1
-

24.8
22.9
2.0
2.0
2.8
.7

22.5
20.6
2.0
2.0
2.8
.8

«

»

-

-

21.5
19.5
2.0
2.0
4.1
2.1
.1
-

19.4
17.8
1.6
1.6
4. 1
2.5
.1
-

18.8
16.9
1.8
1.7
4. 1
2.4
•
.1
.1
-

17.2
16.1
1.2
l.l
4. 1
3.0
•
.1
•
.1

1
2
3
4
5
6
7
8
9
10

15.9
37.6

16.0
38.1

15.9
38.8

18.9
39.4

20.7
40.2

22.7
40.5

24.3
41.2

25.5
41.5

11
12

4.9
4.9
*
2.5
2.4-

5.0
4.9
.1
2.5
2.4-

5. 1
5.0
.1
2.6
2.5-

5.2
5.1
.1
2.6
2.6-

5.3
5.2
.1
2.6
2.6-

5.3
5.2
.1
2.7
2.6-

5.5
5.4
•
2.7
2.7-

5.4
5.4
•
2.8
2.7-

13
14
15
16
17

Imputed claim on Treasury for backing, other than gold, of U.S
currency issued directly by Treasury. The claim is on (a) silver
assets of the Treasury silver account, (b) silver in silver coins
in circulation, (c) deposits with Treasury for redemption of Fed­
eral Reserve bank notes and national bank notes, and (d) credit of
Treasury behind minor coin and U.S. notes not backed by gold.
^Nonmonetized silver held by Treasury at cost value.
4
Seigniorage on silver and items (c) and (d) in note 2.
^Items (a) and (b) in note 2. No liability is recorded for the
metallic value of silver.
Siet purchases from abroad. Net change in total world holdings

Both the net IMD position and official holdings of convertible
foreign currencies are treated as assets of the monetary authori­
ties in Flow-of-funds accounts. The IMF capital subscription is
directly a Treasury asset, however, and part of the foreign cur­
rencies are also held by the Treasury. Moreover, the special
notes issued to IMF are directly a Treasury liability. The net
asset position of the Treasury in these items enters the accounts
as an imputed claim of the Treasury on the monetary authorities
classified in miscellaneous transactions; see Table
line 32.




LEVELS

1946

LEVELS

1
2
3
4
5
6
7
8
9
10

ASSETS AND LIABILITIES

1945

of gold (line 6) does not enter the accounts.

28

DEMAND DEPOSITS ANO CURRENCY

DEMAND DEPOSITS AND CURRENCY

TABLE 19.

DEMAND DEPOSITS AND CURRENCY 1
IN BILLIONS OF DOLLARS

LEVELS

19L.

1
2

TOTAL LIABILITIES (BANKING SYSTEM)
COMMERCIAL BANKS

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING 2
AT F.R. BANKS
OTHER
DISCREPANCY 2

8
9

DUE TO OTHERS
FOREIGN

ASSETS AND LIABILITIES

LEVELS

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

131.7
102.2

116.9
88.4

120.0
90.6

119.5
90.0

119.5
90.8

125.9
97.2

132.5
103.7

138.8
108.6

138.7
108.7

143.1
113.0

1
2

4.3
4.3
1.1
3.2
*

3.9
3.8
2.4
1.4
.1

5. I
4.9
2.6
2.3
.2

5.5
5.3
2.3
3.0
.3

5.2
5.0
2.2
2.8
.2

5.4
5.2
1.8
3.4
.3

7.2
7.0
1.9
5.1
.3

5.9
5.5
1.4
4.1
.5

6.2
5.8
1.6
4.2
.4

3
4
5
6
7

105.0
3.6

112.6
3.8

116.1
3.5

114.4
3.7

113.9
3.7

120.7
3.9

127.1
3.4

131.5
3.6

132.8
3.4

136.9
3.5

8
9

26.6
27.0
1.9
25.1
.4-

4.2

4.7

5.0

5.1

5.4

6.1

6.7

6.8

7.2

7.6 10

1.1
.6

1.2
.7

1.2
.7

1.3
.6

1.4
.7

1.4
.6

1.7
.7

1.7
.7

1.8
.7

2.2 11
.8 12

13

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
AND CREDIT UNIONS

.5

.5

.5

.6

.7

.8

1.0

1.0

1.1

1.4 13

14
15
16
17
18

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.

1.6
.8
.1
.7
1.6

1.8
.8
.1
.9
1.8

2.2
1.0
.1
1.1
1.6

2.2
.9
.2
1. 1
1.7

2.3
.9
.2
1.2
1.7

2.6
1.0
.3
1.3
2.1

2.8
1.1
.3
1.4
2.3

2.9
1.1
.3
1.5
2.2

3.1
1.2
.4
1.5
2.2

3. 1
1.2
.3
1.5
2.4

19

OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 5

97.2

104.1

107.6

105.5

104.8

110.6

116.9

121.0

122.3

51.2
6.6
8.9
20.1
5.3
5. I

55.3
7.1
8.9
21.2
6.2
5.4

54.9
7.0
9.3
23.4
6.9
6.1

53.0
6.7
9.1
23.6
7.4
5.7

50.6
6.3
9.5
24.7
7.6
6.0

53.3
6.3
9.7
26.2
8. 1
7.0

56.1
6.5
10.8
27.9
8.5
7.1

57.8
6.4
10.4
28.7
9.0
8.7

58.5
6.3
10.4
28.8
9.7
8.6

1955

1956

1957

1958

1959

I960

1961

1962

146.2
115.9

148.0
117.7

147.0
116.7

152.7
122.2

154.0
122.9

154.3
123.4

160.2
128.6

163.7
131.1

1
2

5.5
5.2
1.4
3.7
.4

5.5
5.0
1.5
3.5
.5

5.7
5.2
1.5
3.7
.5

5.8
5.3
1.3
4.0
.5

6.5
6.0
1.1
4.9
.5

7.4
6.9
l.l
5.8
.5

7.6
7.2
l.l
6.1
.4

8.6
8.3
1.2
7.0
.4

3
4
5
6
7

140.6
3.4

142.5
3.6

141.4
3.8

146.9
3.8

147.5
3.8

146.9
3.7

152.6
3.6

155.1
3.7

8
9

FINANCIAL SECTORS

10
11
12

20
21
22
23
24
25

19L.

LEVELS

2

TOTAL LIABILITIES (BANKING SYSTEM)
COMMERCIAL BANKS

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING
AT F.R. BANKS
OTHER
DISCREPANCY 2

8
9

DUE TO OTHERS
FOREIGN

2

14
15
16
17
18

125.9 19

60.8
6.2
10.9
30.9
10.0
7.0

20
21
22
23
24
25

LEVELS

ASSETS ANO LIABILITIES

8.2

8.5

8.8

9.5

9.5

10.1

11.2

12.0

10

2.3
.7

2.5
.8

2.5
.8

2.9
.8

2.6
.7

2.8
.7

3.3
.8

3.9
.7

11
12

13

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
AND CREDIT UNIONS

1.6

1.7

1.8

2.1

1.9

2.1

2.5

3.1

13

14
15
16
17
18

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.

3.2
1.3
.4
1.5
2.7

3.1
1.3
.4
1.5
2.9

3.2
1.3
.5
1.5
3.1

3.4
1.4
.5
1.5
3.2

3.4
1.3
.5
1.5
3.5

3.4
1.3
.6
1.5
3.8

3.6
1.4
.7
1.6
4.3

3.8
1.5
.7
1.6
4.4

14
15
16
17
18

19

OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 3

129.0

130.4

128.7

133.6

134.2

133.1

137.8

139.4

19

60.8
6.2
11.2
31.9
10.4
8.5

61.9
6.0
11.5
32.1
10.6
8.3

60.8
5.9
12.4
32. 1
10.8
6.9

63.5
6.2
13.5
33.5
11.0
5.9

65. I
5.8
12.7
32.5
11.6
6.5

64.5
5.6
12.4
32.5
11.8
6.4

66.1
5.5
12.5
33.9
12.3
7.4

71.2
5.5
12.5
31.8
12.3
6.1

20
21
22
23
24
25

10
11
12

20
21
22
23
24
25

FINANCIAL SECTORS

Domestic liabilities only; excludes foreign currency and deposits at foreign banks. Excludes commercial-bank holdings of
demand deposits and currency. Total liability is net of Federal
Reserve float (see note 5» Table 16) and cash items in process of
collection as reported by commercial banks.
_
^Bank-record liability on line 3 differs from asset record on
line 4 because of timing differences and the somewhat more comprehensive coverage of the asset total. Line 4 covers, in addition
to the cash assets in the account of Treasurer of the United States,
balances of Federal corporations and disbursing officers held




outside Treasurer's account. The currency component of line 3
covers only currency held in the account of Treasurer of the
United States. The deposit component of line 3 excludes checks
in process of collection included in line 4.
3* •
. , ,
.,
*
, ,
.
_
Arises mainly from mail float, i.e., checks in transit from
drawers of checks to payees. Such checks are included as deposit
liabilities in bank records but not in holder records, since the
drawers have deducted them from their balances and the payees
have not yet added them to theirs. For further discussion see
Flow-of-Funds Approach to Social Accounting (Princeton University
Press, 1962), pp. 431 ff.

29

TIME DEPOSITS AND SAVINGS ACCOUNTS

TI*tE DEPOSITS AND SAVINGS ACCOUNTS

TIME DEPOSITS AND SAVINGS ACCOUNTS

TABLt 20.

IN BILLIONS OF DOLLARS
20L.

LEVELS

1
2
3
4
5
6
7
8

TOTAL LIABILITIES
COMMERCIAL BANKS
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
U.S. GOVERNMENT
SAVINGS INSTITUTIONS 1
REST OF THE WORLD
CONSUMERS

9
10
11
12

SVGS. INSTITUTIONS
MUTUAL SAVINGS BANKS 2
SAVINGS AND LOAN ASSOCIATIONS
CREDIT UNIONS

13

MEMO- TOTAL ASSETS, CONSUMERS AND
NONPROFIT ORGS.

3

1947

1948

1949

1950

1951

1952

1953

1954

53.5
30.4
.9
.5
.1
.1
*
28.7

60.0
34.2
.9
.7
.1
.2
32.2

63.6
35.5
.9
.9
.1
.2
*
33.4

66. 1
36.2
.9
1. 1
.1
.2
•
33. 7

69. 1
36.6
.9
1.3
.2
.2
.2
33.9

71.8
36.9
.9
1.4
.2
.2
.4
33.9

76.8
38.7
.9
1.5
.3
.2
.5
35.2

84.9
41.7
.9
1.6
.3
.2
.7
37.9

94. 1
45. 1
.9
2.0
.3
.2
1.3
40.4

104.6
48.9
1.1
2.4
.4
.3
1.8
43.0

23.1
15.4
7.4
.4

25.8
16.8
8.6
.4

28.0
17.8
9.8
.5

30.0
18.4
11.0
.6

32.5
19.3
12.5
.7

34.9
20.0
14.0
.8

38.1
20.9
16.1
l.l

43.2
22.6
19.2
1.4

48.9
24.4
22.8
1.7

55.7 9
26.4 10
27.3 11
2.0 12

51.7

58.0

61.4

63.6

66.2

68.7

73.2

80.9

89. 1

98.3 13

1955

1956

1957

1958

1959

i960

1961

1962

113.1
50.3
1.0
2.4
.4
.2
1.7
44.6

122.4
52.3
1.0
2.4
.3
.2
1.6
46.8

134.8
57.8
1.0
2.8
.3
.1
1.6
52.0

151.7
65. 8
1.9
3.6
.3
.2
2.5
57.3

161.5
67.5
1.5
3.2
.3
.1
1.6
60.9

176.8
73.3
2.3
4.6
.3
.I
1.9
64.2

197.7
82.7
3.6
5.5
.3
.2
2.5
70.7

226. 3
98.0
6.2
6.4
.3
.2
2.7
82.2

1
2
3
4
5
6
7
8

62.8
28.2
32.2
2.4

70.1
30.0
37.1
2.9

77.0
31.7
41.9
3.4

85.9
34.0
48.0
3.9

94.0
35.0
54.6
4.4

103.5
36.4
62.1
5.0

115.0
38.5
70.9
5.6

128.3
41.6
80.4
6.3

9
10
11
12

107.1

116.4

128.5

142.4

154. 1

167.0

184.8

209.5

13

♦

9
10
11
12
13

20L.

TOTAL LIABILITIES
COMMERCIAL BANKS
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
U.S. GOVERNMENT
SAVINGS INSTITUTIONS 1
REST OF THE WORLD
CONSUMERS
SVGS. INSTITUTIONS
MUTUAL SAVINGS BANKS 2
SAVINGS AND LOAN ASSOCIATIONS 3
CREDIT UNIONS

MEMO- TOTAL ASSETS, CONSUMERS AND
NONPROFIT ORGS.

^Mutual savings banks.
^Includes small amount of demand deposits at mutual savings banks.

^Includes credit union holding of savings and loan shares.
4
Includes holdings of Federal Govt, and mutual savings banks not
shown separately.




LEVELS

1946

LEVELS

1
2
3
4
5
6
7
8

ASSETS AND LIABILITIES

1945

30

ASSETS AND LIABILITIES

1
2
3
4
5
6
7
8

LEVELS

INSURANCE + PENSION RESERVES

INSURANCE + PENSION RESERVES

TABLE 21, 22.

LIFE INSURANCE AND PENSION RESERVES
IN BILLIONS OF DOLLARS

LEVELS

*

21L.

1945

1946

1947

1948
I.

1
2
3
4
5

TOTAL LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
OTHER (FRATERNAL ORDERS)

6

TOTAL ASSETS--CONSUMERS

2

ASSETS AND LIABILITIES
1949

1950

1951

LEVELS

1952

1953

1954

LIFE INSURANCE RESERVES

42.6
3.6
39.0
37.9
1.1

46.4
4.7
41.7
40.5
1.2

49.6
5.4
44.2
43.0
1.3

52.4
5.6
46.8
45.5
1.3

55. 1
5.6
49.4
48. 1
1.3

57.9
6.0
52.0
50.6
1.4

60.7
6.1
54.6
53.1
1.4

63.9
6.2
57.7
56.2
1.5

67. 1
6. 3
60.8
59.2
1.6

70.1
6.0
64.2
62.5
1.7

1
2
3
4
5

42.6

46.4

49.6

52.4

55.1

57.9

60.7

63.9

67. 1

70.1

6

7
8
9
10
11
12
13
14

II. PENSION FUND RESERVES

7
8
9
10
ll
12
13
14

TOTAL LIABILITIES
U.S. GOVERNMENT 1
EMPLOYEE RETIREMENT
RAILROAD RETIREMENT
STATE AND LOCAL GOVERNMENT
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

15

TOTAL ASSETS (CONSUMERS)

1

10.4
2.9
2.2
.7
2.5
5.0
2.7
2.3

12.1
3.3
2.4
.9
2.9
5.9
3.1
2.8

14.1
4.1
2.7
1.4
3.1
6.9
3.6
3.3

16.6
4.9
3. 1
1.8
3.6
8.1
4.2
3.9

19.8
6.0
3.6
2.3
4.4
9.4
4.8
4.5

23.4
6.7
4.2
2.6
5.2
11.5
5.6
5.9

27.3
7.5
4.8
2.7
6.0
13.9
6.6
7.3

31.8
8.4
5.4
3.0
6.9
16.5
7.7
8.8

36.4
8.9
5.6
3.3
8.1
19.4
8.8
10.6

42.3
9.4
5.9
3.4
9.3
23.6
10.0
13.6

10.4

12.1

14.1

16.6

19.8

23.4

27.3

31.8

36.4

42.3 15

LEVELS

21L.
1955

1956

1957

I.
I
2
3
4
5

TOTAL LIABILITIES
U.S. GOVERNMENT
1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
OTHER (FRATERNAL ORDERS)

6

TOTAL ASSETS—CONSUMERS

2

ASSETS AND LIABILITIES

1958

1959

1960

LEVELS

1961

1962

L IFE in;iURANCE RESERVES

73.3
5.9
67.5
65.8
1.7

77.1
6.0
71.1
69.3
1.8

80.0
6.2
73.8
71.9
1.9

83.3
6.2
77.1
75.1
2.0

87.1
6.4
80.7
78.6
2.1

90.6
6.4
84.2
82.0
2.2

94.4
6.5
87.9
85.7
2.3

98.9
6.6
92.3
89.9
2.4

1
2
3
4
5

73.3

77.1

80.0

83.3

87.1

90.6

94.4

98.9

6

II. PENSION FUND RESERVES

7
8
9
10
11
12
13
14

TOTAL LIABILITIES
U.S. GOVERNMENT 1
EMPLOYEE RETIREMENT
RAILROAD RETIREMENT
STATE AND LOCAL GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

48.7
10.0
6.5
3.6
10.6
28.0
11.3
16.7

54.5
10.9
7.3
3.6
12.1
31.6
12.5
19.0

60.4
11.3
7.7
3.7
13.7
35.3
14. 1
21.2

69.9
12.3
8.6
3.7
15.6
42.1
15.6
26.5

78.7
13.2
9.5
3.7
17.2
48.3
17.6
30.8

86.2
14.1
10.4
3.7
19.0
53.1
18.8
34.3

98.9
15.0
11.4
3.6
22.0
61.9
20.2
41.6

104. 3
16.0
12.5
3.5
24.5
63.8
21.6
42.2

7
8
9
10
11
12
13
14

15

TOTAL ASSETS (CONSUMERS)

48.7

54.5

60.4

69.9

78.7

86.2

98.9

104.3

15

^Measured by assets of insurance and retirement funds.
2Life policy and personal annuity reserves, dividends left
on deposit, and deposits arising from supplementary contracts.




31

U.S. GOVT. SECURITIES

U.S. GOVT. SECURITIES

TABLE 23.

U.S. GOVT. SECURITIES 1

IN BILLIONS OF DOLLARS

LEVELS

23L.

ASSETS AND LIABILITIES

LEVELS

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1
2
3
4
5

TOTAL U.S. GOVT. LIABILITIES 3
SAVINGS BONDS AND POSTAL SVGS. DEP.
MARKETABLE SECURITIES
SHORT-TERM DIRECT 2
OTHER

254.9
45.9
209.0
79.6
129.3

232.2
48.1
184.0
60.5
123.6

225.2
50.5
174.6
55.9
118.7

218.7
51.7
166.9
53.4
113.5

220.9
53.0
168.0
63.9
104. I

220.6
52.8
167.7
66.6
101.2

220.2
52.0
168.2
55.6
112.6

224.6
51.9
172.7
62.6
110.1

229.7
51.9
177.8
79.1
98.7

231.5
52.2
179.3
67.3
112.0

I
2
3
4
5

6

TOTAL ASSETS 3

256.4

233.9

226.8

219.8

221.9

221.6

220.9

224.7

229.6

231.6

6

158.3
115.7
24.3
23.2
1.1
91.4
32.3
59.0

142.4
99.3
23.4
22.3
1.1
75.9
18.8
57.1

134.4
93.0
22.6
19.9
2.7
70.4
19.2
51.2

125.9
87.2
23.4
12.4
10.9
63.9
19.4
44.5

124.8
87.2
18.9
12.0
6.9
68.3
26.5
41.7

120.2
84.5
20.8
16.0
4.8
63.7
22.2
41.5

119.3
86.9
23.8
13.4
10.4
63.1
15.8
47.3

122.0
89.5
24.7
14.8
10.0
64.8
19.2
45.6

123.0
90.7
25.9
17.0
9.0
64.8
28.2
36.5

126.9
95.3
25.0
19.4
5.5
70.4
17.6
52.8

7
8
9
10
11
12
13
14

42.6
13.3
10.7
2.4
25.9
21.0
1.4
3.6
3.4
2.1

43.2
14.0
11.8
2.0
27.0
21.6
1.5
3.8
2.2
1.0

41.4
13.9
12.0
1.7
26.1
20.0
1.6
4.5
1.4
.3

38.7
13.2
11.6
1.5
23.5
16.7
1.8
5.0
2.0
.9

37.6
13.1
11.5
1.5
22.7
15.3
1.9
5.5
1.8
.8

35.7
12.5
10.9
1.5
21.5
13.5
2.1
5.9
1.7
.7

32.4
11.6
9.8
1.6
19.4
11.0
2.3
6.1
1.4
.4

32.5
11.5
9.5
1.9
19.1
10.3
2.3
6.5
1.9
.8

32.3
11.4
9.3
2.0
19. 1
9.8
2.5
6.8
1.8
.8

31.6
11.0
8.8
2.1
18.5
9.1
2.5
6.9
2.1
.8

15
16
17
18
19
20
21
22
23
24

2.6
2.1

1.9
1.5

1.2
.8

1.6
1.3

1.9
1.5

3. I
2.6

3.0
2.2

4.0
3.4

4.5
4.1

4.8 25
4.2 26

95.5
18.8
76.7

89.6
14.9
74.7

91.2
14.2
77.0

92.3
17.6
74.7

95.3
20.8
74.5

98.3
22.7
75.6

98.6
21.9
76.7

98.7
22.3
76.4

102.1
26.3
75.8

99.9 27
23.3 28
76.6 29

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIESU
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER
NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

25
26

REST OF THE WORLD 7
SHORT-TERM DIRECT

27
28
29

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

30
31
32

CONSUMER AND NONPROFIT
SAVINGS BONDS AND POSTAL SVGS. DEP.
MARKETABLE SECURITIES

66.8
45.9
20.9

67.9
48.1
19.8

69.8
50.5
19.3

69. 7
51.7
17.9

70.5
53.0
17.5

69.9
52.8
17.1

68.2
52.0
16.2

67.7
51.9
15.8

67.8
51.9
16.0

66.2 30
52.2 31
14.0 32

33
34

NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS

22.2
6.6

15.3
6.4

14.1
7.3

14.7
7.9

16.7
8.1

19.6
8.8

20.7
9.7

19.8
11.3

21.4
12.9

19.0 33
14.6 34

.1

. 1--35

35

DISCREPANCY

3

1.5-

1.7-

1.1-

1.0-

1.0-

.7-

.2-

^Discrepancy arises from valuation difference between assets and

Treasury and Federal agency debt held outside the Federal
Government (including accrued interest on Treasury bills and on
savings bonds). Excludes special notes of the U. S. issued to IMF
(see Table 18, note 1) and currency items in public debt. In addi­
tion to liability in this account the Federal Government sector
has liabilities in the categories of Treasury currency, life in­
surance and pension reserves, other loans, trade debt, and miscel­
laneous transactions.
^Beginning 1951, direct marketable issues maturing within one

liabilities. Holdings of the consumer and nonprofit sector and
the Federal Government liability are stated at par value; holdings
of other sectors for all periods are at book value.

4

Mainly holdings of Federal Reserve Banks; includes small hold­
ings of Exchange Stabilization Fund.
^Includes holdings of credit unions not shown separately.
^Includes holdings of investment companies, agencies of foreign
banks, and banks in U.S. territories and possessions not shown
separately.
"^Excludes special U.S. notes (IMF series); see Table 18, note 1.

year; prior to 1951» issues maturing or callable within one year.
Flows in 1951 have been adjusted to eliminate discontinuity in
levels resulting from this classification change. Includes sav­
ings notes prior to their retirement in 1956.




1.6-

32

U.S. GOVT. SECURITIES

U.S. GOVT. SECURITIES

TABLE 23.

U.S. GOVT. SECURITIES I

IN BILLIONS OF DOLLARS
LEVELS

23L.

LEVELS

ASSETS AND LIABILITIES

1955

1956

1957

1958

1959

1960

1961

1962

1
2
3
4
5

TOTAL U.S. GOVT. LIABILITIES 3
SAVINGS BONOS ANO POSTAL SVGS. DEP.
MARKETABLE SECURITIES
SHORT-TERM DIRECT 2
OTHER

232.6
52.2
180.3
60.2
120.1

227.0
51.9
175.2
67.6
107.5

226.3
49.6
176.6
73.1
103.5

234.5
48.9
185.6
71.9
113.7

243.8
46.9
196.9
77.4
119.5

241.2
46.5
194.8
72.3
122.4

248.5
47.2
201.3
83.7
117.7

255.9
47.5
208.4
86. 1
122.3

1
2
3
4
5

6

TOTAL ASSETS 3

232.4

226.4

225.3

233.8

242.6

240.3

248.2

255.8

6

119.3
88.2
24.8
20.7
4.1
63.4
9.0
54.4

115.1
85.2
25.0
22.1
2.9
60.2
13.8
46.4

114.2
84.6
24.3
21.4
2.8
60.3
15.7
44.6

125.5
95.0
26.4
21.0
5.4
68.6
16.6
51.9

118.1
87.4
26.7
18.7
8.1
60.6
13.6
47.1

120.9
90. 1
27.4
15.2
12.2
62.6
17.0
45.6

129.5
97.5
28.9
17.6
11.3
68.6
24.1
44.5

133.3
99.8
30.9
17.7
13.2
68.9
23.1
45.7

7
8
9
10
11
12
13
14

31.0
11.2
8.6
2.5
18.2
8.6
2.8
6.9
1.6
.4

29.9
11.3
8.2
3.0
16.8
7.6
2.6
6.6
1.8
.4

29.6
11.7
7.9
3.6
15.9
7.1
2.4
6.4
2.1
.7

30.5
12.0
7.6
4.3
16.2
7.2
2.4
6.6
2.3
.7

30.7
12.5
7.3
5.1
16.1
6.9
2.6
6.5
2.0
.5

30.9
12.1
6.7
5.3
15.7
6.5
2.6
6.6
3.1
1.1

31.9
12.6
6.6
5.8
15.6
6.2
2.7
6.6
3.7
1.1

33.5
13.0
6. 7
6.1
16.0
6.3
3.0
6.8
4.5
1.8

15
16
17
18
19
20
21
22
23
24

5.8
4.9

6.7
6.0

6.9
6.0

7.0
5.8

10.0
8.4

10.6
8.7

11.0
8.6

12.3
10.5

25
26

107.3
23.5
83.7

104.6
23.5
81.1

104.2
26.8
77.5

101.3
24.9
76.5

114.5
33.0
81.5

108.8
26.9
81.9

107.7
27.9
79.8

110. 1
28.8
81.3

27
28
29

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

FINANCIAL SECTORS
commercial BANKING
MONETARY AUTHORITIES U
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER

NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIUNS 5
MUTUAL SAVINGS BANKS
SAVINGS ANO LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS ANO DEALERS

25
26

REST OF THE WORLD 7
SHORT-TERM DIRECT

27
28
29

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

30
31
32

CONSUMER AND NONPROFIT
SAVINGS BONDS AND POSTAL SVGS. DEP.
MARKETABLE SECURITIES

68.4
52.2
16.2

69.2
51.9
17.3

68.7
49.6
19. 1

66.2
48.9
17.3

73.8
46.9
26.9

70.5
46.5
24.1

69.6
47.2
22.4

70.3
47.5
22.9

30
31
32

33
34

NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS

23.2
15.6

18.8
16.6

18.4
17.2

18.4
16.7

22.2
18.5

19.5
18.7

19.1
19.0

19.4
20.4

33
34

.2

.6

1.0

.8

1.3

1.0

.3

.1

35

35

DISCREPANCY 3




33

STATE AND LOCAL OBLIGATIONS

STATE AND LOCAL OBLIGATIONS

TABLE 24.

STATE AND LOCAL OBLIGATIONS

IN BILLIONS OF DOLLARS

24L.

ASSETS AND LIABILITIES

1946

1947

1949

1950

1951

1952

1953

1954

1

TOTAL LIABILITY (STATE AND LOC. GOVTS.)

21.8

21.7

23.0

25.1

27.5

30.5

32.6

35.5

39.3

43.8

1

2
3

TOTAL ASSETS
STATE AND LOCAL GOVERNMENTS

21.8
2.6

21.7
2.4

23.0
2.5

25. 1
2.6

27.5
3.1

30.5
3.6

32.6
3.8

35.5
4.0

39.3
4.4

43.8
4.7

2
3

TOTAL HELD BY PUBLIC 1
CONSUMER AND NONPROFIT
CORPORATE BUSINESS
COMMERCIAL BANKS
SVGS. INSTITUTIONS (MUT. SVGS. BKS.)
INSURANCE
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

19.1
p.o
.3
4.0
.1
1.4
.7
.6
.3

19.3
12.9 >
.3
4.4
.1
1.2
.6
.6
.3

20.6
13.3
.4
5.3
.1
1.3
.6
.7
.2

22.5
14.3
.4
5.7
.1
1.8
.9
1.0
.3

24.4
14.7
.5
6.5
.1
2.3
l.l
1.2
.3

26.9
15.1
.5
8.1
.1
2.7
1.2
1.5
.4

28.9
15.5
.6
9.2
.1
3.0
1.2
1.8
.4

31.4
16.6
.7
10.2
.3
3.4
1.2
2.2
.2

34.9
18.2
.8
10.8
.4
4.3
1.3
3.0
.4

39.1 4
19.0 5
1.0 6
12.6 7
.6 8
5.6 9
1.8 10
3.7 11
.3 12

1955

1956

1957

1958

1960

1961

1962

4
5
6
7
8
9
10
11
12

1945

1948

24L.

LEVELS

LEVELS

ASSETS AND LIABILITIES

1959

1

TOTAL LIABILITY (STATE AND LOC. GOVTS.)

47.3

50.5

55.1

60.6

65.4

68.0

74.2

81.3

1

2
3

TOTAL ASSETS
STATE AND LOCAL GOVERNMENTS

47.3
5. 1

50.5
5.6

55.1
6. 1

60.6
6.6

65.4
7.0

68.0
7.2

74.2
7.3

81.3
7.2

2
3

TOTAL HELD BY PUBLIC 1
CONSUMER AND NONPROFIT
CORPORATE BUSINESS
COMMERCIAL BANKS
SVGS. INSTITUTIONS (MUT. SVGS. BKS.)
INSURANCE
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

42.2
20.7
1.2
12.7
.6
6.6
2.0
4.5
.3

44.9
22.3
1.3
12.9
.7
7.5
2.3
5.2
.1

49.0
24.4
1.5
13.9
.7
8.3
2.4
5.9
.2

54.0
25.3
2.0
16.5
.7
9.3
2.7
6.6
.2

58.4
26.9
2.6
17.0
.7
10.8
3.2
7.6
.3

60.8
27.5
2.4
17.6
.7
12.2
3.6
8.6
.4

66.8
29.5
2.4
20.3
.7
13.5
3.9
9.6
.3

74.2
31.2
2.4
24.8
.5
14.6
4.0
10.6
.5

4
5
6
7
8
9
10
11
12

4
5
6
7
8
9
10
11
12

Includes holdings of banks in U.S. territories and possessions
not shown separately.
Mainly fire and casualty insurance companies.
^Mainly securities brokers and dealers.




3U

CORPORATE AND FOREIGN BONDS

CORPORATE AND FOREIGN BONDS

TABLE 25.

CORPORATE AND FOREIGN BONDS

IN BILLIONS OF DOLLARS
25L.

LEVELS

LEVELS

ASSETS AND LIABILITIES

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1
2
3
4

TOTAL LIABILITIES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

26.5
23.5
.2
2.7

27.4
24.4
.4
2.6

30.4
27.2
.5
2.7

35.0
31.3
1.0
2.7

38.2
34. 1
1.4
2.7

40.7
35.7
1.7
3.3

44.6
38.9
2.0
3.7

49.5
43.4
2.3
3.8

54. 1
46.7
3.7
3.7

57.6
50. 1
4.0
3.5

I
2
3
4

5
6
7
8
9

TOTAL ASSETS
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENT
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

26.5
8.5
.5
2.2
1.0

27.4
7.2
.5
2.2
1. 1

30.4
6.4
.6
2.2
1.5

35.0
5.9
.8
1.9
1.9

38.2
5.4
l.l
2.1
2. 1

40.7
4.9
1.4
2.2
2.0

44.6
4.6
1.8
2.2
2.2

49.5
4.3
2.2
2.1
2.5

54. 1
4.1
2.8
2. 1
2.8

57.6
3.3
3.5
1.9
2.9

5
6
7
8
9

13.0
11.3
.7
1.0
1.0
.3

15.1
13.1
.9
1.1
1.0
.2

18.6
16.1
1.2
1.2
1.0
.2

23.3
20.4
1.5
1.4
1.0
.1

26.2
22.9
1.9
1.4
1.2
.2

28.8
24.8
2.6
1.5
l.l
.2

32.5
27.5
3.3
1.7
1.2
.2

36.8
30.6
4.4
1.9
1.4
.2

40.8
33.3
5.4
2.1
1.3
.3

44.2
35.3
6.7
2.2
1.5
.2

10
11
12
13
14
15

1955

1956

1957

1958

1959

1960

1961

1962

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 2
REST OF THE WORLD 3

10
11
12
13
14
15

25L.

LEVELS

LEVELS

ASSETS AND LIABILITIES

I
2
3
4

TOTAL LIABILITIES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

61.4
52.8
5.4
3.3

66.5
56.4
6.3
3.7

73.9
62.7
7. 1
4. 1

80. 1
68.4
7.2
4.5

84.6
71.4
8.3
4.9

90.2
74.9
9.9
5.4

95.3
79.1
10.4
5.9

101.2
83.2
11.2
6.8

I
2
3
4

5
6
7
8
9

TOTAL ASSETS
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENT
commercial BANKING
MUTUAL SAVINGS BANKS

61.4
4.3
4. 1
1.7
2.6

66.5
5.3
4.8
1.3
2.6

73.9
6.3
5.8
1.4
3.2

80. 1
6.3
7.4
1.3
3.8

84.6
6.3
8.3
1.2
3.6

90.2
6.2
10.4
1.0
3.8

95.3
6.1
12.3
.9
3.6

101.2
6.3
13.8
.8
3.5

5
6
7
8
9

46.8
37.0
7.6
2.2
1.7
.3

50.5
39.1
9.1
2.2
1.7
.3

55.0
41.7
10.9
2.4
1.8
.4

59.1
44.2
12.3
2.6
1.8
.5

62.6
46.4
13.4
2.7
2.0
.5

66. 1
48.2
14.9
3. 1
2. 1
.5

69.8
50.6
15.9
3.2
2.2
.5

73.4
53.1
17.0
3.4
2.6
.7

10
11
12
13
14
15

10
11
12
13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 2
REST OF THE WORLD 3

i'C.S. net purcnases of new ano outstanding issues.

Includes

IBRD and other international agency issues.
^Investment companies, security brokers and dealers, and

banks in U.S.territories and possessions.

'Change in assets differs from net flows because of valuation
adjustments.




35

CORPORATE STOCK

CORPORATE STOCK

TABLE 26.

CORPORATE STOCK 1

IN BILLIONS OF DOLLARS

LEVELS

1
2
3
4
5
6
7
8
9
10
11

MARKET VALUE OF HOLDINGS
CONSUMER ANO NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST OF THE WORLD

26L.

MARKET VALUE OF HOLDINGS
CONSUMER AND NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST UF THE WORLD

1947

1948

1949

1950

1951

1952

1953

119.0
110.7
.2
3.6
1.0
.2
2.4
1.9
1.0
.9
2.7

1 11.0
102.4
.2
3.9
1.2
.3
2.4
1.8
1.0
.8
2.7

109.0
100.2
.1
4.2
1.4
.4
2.4
2.0
1.2
.8
2.5

108.0
99. 1
.2
4.4
1.4
.5
2.5
2.0
1.2
.8
2.3

120.0
109.4
.2
5.3
1.7
.6
3.0
2.6
1.6
1.0
2.5

146.0
133.5
.2
6.5
2.1
.9
3.5
2.9
2.0
.9
2.9

170.0
155.5
.2
7.4
2.2
1.2
4.0
3.4
2.5
.9
3.4

186.0
169.1
.3
8.6
2.4
1.7
4.4
4.3
3.3
1 .0
3.7

179.0
161.1
.4
9.3
2.6
2.2
4.5
4.5
3.5
1.0
3.6

1955

1956

1957

1958

1959

I960

1961

1962

317.0
285.4
.7
16.2
3.6
5.6
7.0
8.1
6.9
1.2
6.6

338.0
304.2
.7
17.3
3.5
6.5
7.3
8.9
7.9
1.0
7.0

299.0
266.7
.8
17.1
3.4
6.9
6.8
8.4
7.4
1.0
6.1

418.0
373.2
.9
23.1
4. 1
10.5
8.5
12.5
11.7
.8
8.3

454.0
402.0
.8
27.1
4.6
13.3
9.3
14.7
13.9
.9
9.4

451.0
395.7
.8
29.6
5.0
15. 1
9.5
15.6
14.8
.8
9.3

574.3
503.9
.9
38.8
6.3
20.7
11.8
21.1
20.4
.7
9.6

505.4
436.6
1.0
37.9
6.7
19.9
11.3
18.9
18. 1
.8
ll.O

26L.

Excludes stock held by nonfmancial corporations, holding
companies, and closed-end investment companies. Annual and
quarterly flows in parts A and Q of the table represent net
purchases and net proceeds from transactions and exclude capital
gains and losses arising from stock price movements.
^Net foreign receipts from sale of new and outstanding issues
to U.S.
^Net purchases of new and outstanding U.S. issues.




LEVtLS

1946

LEVELS

1
2
3
4
5
6
7
8
9
10
11

ASSETS AND LIABILITIES

1945

36

ASSETS AND LIABILITIES

1954
258.0 1
232.5 2
.6 3
13.2 4
3.3 5
3.9 6
6.0 7
6.4 8
5.4 9
1.1 10
5.3 11

LEVtLS

1
2
3
4
5
6
7
8
9
10
11

TO 4-FAMILY MORTGAGES

1- TQ 4-FAMILY MORTGAGES

TABLE 27.

MORTGAGES ON 1- TO 4-FAMILY PROPERTIES

IN BILLIONS OF DOLLARS
27L.

LEVELS

LEVELS

ASSETS AND LIABILITIES

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1
2
3
4

TOTAL LIABILITIES
CONSUMERS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

18.6
14.4
3.9
.3

23.0
18.4
4.1
.5

28.2
22.9
4.4
.8

33.3
28.0
4.4
.8

37.6
32.1
4.5
.9

45.2
39.0
4.9
1.3

51.7
46.0
4.7
1.1

58.5
52.6
4.8
1.2

66. 1
60.2
4.8
1.2

75.7
69.2
5.0
1.4

1
2
3
4

5
6
7
8
9

TOTAL ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

18.6
5.4
.9
2.9

23.0
6.2
.7
—
4.6

28.2
6.7
.6
—
6.3

33.3
7.3
.7
—
7.3

37.6
7.6
1.2
7.9

45.2
7.7
1.5
—
9.4

51.7
8.0
2.1
10.2

58.5
8.4
2.5
—
11.1

66.1
8.9
2.8
11.9

75.7
9.3
2.8
.1
13.2

5
6
7
8
9

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

7.1
1.9
5.2

8.9
2.0
6.8

10.8
2.3
8.5

12.7
2.8
9.8

14.6
3.4
11.1

17.5
4.3
13.1

20.3
5.3
14.8

24.0
6.2
17.6

28.5
7.4
21.0

34.2 10
9.0 11
25.0 12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

2.3
2.3

2.5
2.5

3.5
3.5

4.9
4.9

6.1
6. 1
-

8.6
8.5
.1

10.7
10.6
.1

11.9
11.8
.1

13.3
13.2
.1

15.3 13
15.2 14
.2 15

16

FINANCE N.E.C. 2

.1

.2

.3

.3

.4

.6

.5

.6

.6

.8 16

1955

1956

1957

1958

1959

1960

1961

1962

LEVELS

27L.

ASSETS AND LIABILITIES

LEVELS

1
2
3
4

TOTAL LIABILITIES
CONSUMERS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

88.2
81.5
5.2
1.5

99.0
92.6
5.0
1.4

107.6
101.3
5.0
1.4

117.7
110.9
5.2
1.6

130.9
124.0
5.2
1.6

141.3
134.8
5.1
1.4

153.0
146.3
5.2
1.5

168.4
161.0
5.5
1.9

1
2
3
4

5
6
7
8
9

TOTAL ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

88.2
9.5
3.0
.2
14.9

99.0
10.1
3.5
.3
16.1

107.6
11.0
4.7
.4
16.2

117.7
11.7
4.7
.5
17.4

130.9
11.9
6.3
.8
19. 1

141.3
12.3
7.1
1.1
19.2

153.0
11.3
7.3
1.6
20.0

168.4
11.8
7.2
1.9
22.0

5
6
7
8
9

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

41.3
11.1
30.0

47.2
13.0
34.0

52.4
14.1
38.0

58.9
15.6
42.9

66.8
16.9
49.5

74.1
18.4
55.4

83.3
20.0
62.9

94.2
22.2
71.6

10
11
12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

17.9
17.7
.3

20.5
20.1
.4

21.9
21.4
.5

23.0
22.4
.6

24.4
23.6
.8

25.9
24.9
1.0

27.3
25.8
1.5

28.5
27.0
1.5

13
14
15

16

FINANCE N.E.C.

1.4

1.3

1.0

1.5

1.6

1.6

2.2

2.7

16

2

^Includes holdings of credit unions not shown separately.
^Mainly mortgage company holdings.

^Net change in construction loans to builders.




37

OTHER MORTGAGES

OTHER MORTGAGES

TABLE 28.

OTHER MORTGAGES

IN BILLIONS OF DOLLARS

28L

LEVELS

ASSETS ANO LIABILITIES

LEVELS

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1
2
3
4
5

TOTAL LIABILITIES
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

16.9
.4
4.8
5.7
6. 1

18.7
.5
4.9
6.4
6.9

20.7
.6
5.1
7.2
7.8

22.9
.7
5.3
8.1
8.8

25.1
.7
5.6
9.0
9. 7

27.6
.8
6.1
10.0
10.8

30.6
.9
6.7
12.0
11.1

32.9
1.0
7.3
11.9
12.8

35.2
1.0
7.8
12.7
13.7

38.0
1.2
8.3
13.7
14.9

1
2
3
4
5

6
7
8
9

TOTAL ASSETS 1
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
COMMERCIAL BANKING

16.9
6.4
1.5
1.9

18.7
7.2
1.3
2.7

20.7
7.9
1.2
3.1

22.9
8.6
1.2
3.5

25. 1
9.1
1.2
3.7

27.6
9.7
1.3
4.2

30.6
10.3
1.3
4.4

32.9
10.9
1.4

38.0
12.3
1.8
5.2

6
7
8
9

4.6

35.2
11.5
1.7
4.8

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS ANO LOAN ASSOCIATIONS

2.5
2.3
.2

2.7
2.4
.3

3.0
2.6
.4

3.4
3.0
.5

3.8
3.3
.5

4.5
4.0
.5

5.3
4.6
.7

5.9
5.2
.8

6.5
5.6
1.0

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL
FARM MORTGAGES

4.6
4.3
3.6
.8

4.9
4.6
3.8
.8

5.5
5.2
4.3
.9

6.2
5.9
4.9
1.0

7.2
6.8
5.7
1.1

8.1
7.6
6.3
1.3

9.2
8.7
7.2
1.5

10.0
9.5
7.8
1.7

10.7
10. i
8.2
1.9

1955

1956

1957

1958

1959

I960

1961

1962

LEVELS

28L.

7.1 10
6.0 11
1.1 12
11.5
10.8
8.8
2.0

13
14
15
16

LEVtLS

ASSETS AND LIABILITIES

1
2
3
4
5

TOTAL LIABILITIES
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

41.7
1.3
9.1
15.0
16.3

45.5
1.5
9.9
16.3
17.8

49.0
1.6
10.5
17.6
19.3

54.2
1.8
11.3
19.7
21.5

60.0
2.0
12.2
21.9
23.9

65.8
2.2
13.1
24.2
26.4

72.8
2.4
14.2
26.9
29.3

82.1
2.8
15.5
30.5
33.3

1
2
3
4
5

6
7
8
9

TOTAL ASSETS 1
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
COMMERCIAL BANKING

41.7
13.3
2.2
5.9

45.5
14.4
2.5
6.4

49.0
15.6
2.8
6.9

54.2
17.4
3.1
7.8

60.0
19.1
3.7
8.9

65.8
21.1
4. 1
9.5

72.8
23.4
4.5
10.4

82.1
26.4
4.9
12.3

6
7
8
9

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

7.8
6.4
1.4

8.5
6.8
1.7

9.1
7.1
2.0

10.4
7.6
2.7

11.8
8.1
3.7

13.3
8.6
4.7

15.1
9.1
5.9

17.5
10. 1
7.4

10
11
12

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL
FARM MORTGAGES

12.5
11.8
9.5
2.3

13.6
12.9
10.4
2.5

14.6
13.8
11.2
2.6

15.5
14.7
12.0
2.7

16.5
15.6
12.8
2.8

17.8
16.9
13.9
3.0

19.4
18.4
15.3
3.2

20.9
20.0
16.6
3.4

13
14
15
16

Includes holdings cf sanks xsi j',o. territories and possessions
not shown separately.
^Includes holdings of other insurance companies not shown sepa­
rately.




38

CONSUMER CREDIT

CONSUMER CREDIT

TABLE 29.

CONSUMER CREDIT

IN BILLIONS OF DOLLARS
LEVELS

I
2
3

4
5
6
7
8
9
10

29L.

1946

1947

1948

1949

1950

1951

1952

1953

1954

TOTAL LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREDIT

5.7
2.5
3.2

8.4
4.2
4.2

11.6
6.7
4.9

14.4
9.0
5.5

17.4
11.6
5.8

21.5
14.7
6.8

22.7
15.3
7.4

27.5
19.4
8. 1

31.4
23.0
8.4

32.5
23.6
8.9

TOTAL ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS I
FINANCE N.E.C. (FINANCE COMPANIES)

5.7
2.5
.2
.5
.7
.1
.9

8.4
4.2
.2
.7
1.6
.2
1.5

11.6
6.7
.3
l.l
2.6
.3
2.4

14.4
9.0
.5
1.4
3.5
.4
3.2

17.4
11.6
.•6
1.8
4.4
.5
4.3

21.5
14.7
.7
2.2
5.8
.7
5.3

22.7
15.3
.7
2.4
5.8
.8
5.6

27.5
19.4
.9
2.9
7.5
1.0
7.1

31.4
23.0
1.0
3.1
9.0
1.3
8.6

32.5 4
23.6 5
.9 6
3.2 7
8.8 8
1.6 9
9.1 10

3.2
1.3
1.2
.7
•

4.2
1.6
1.5
1.0
.1

4.9
1.9
1.8
1.2
.1

5.5
2.1
2.0
1.3
.1

5.8
2.2
2.1
1.3
.1

6.8
2.6
2.4
1.6
.2

7.4
2.9
2.7
1.7
.2

8.1
3.1
3.0
1.8
.2

8.4
3.2
3. 1
1.9
.2

1955

1956

1957

1958

1959

1960

1961

1962

TOTAL LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREOIT

38.8
28.9
9.9

42.3
31.7
10.6

45.0
33.9
11.1

45. 1
33.6
11.5

51.5
39.2
12.3

56.0
42.8
13.2

57.7
43.5
14.2

63.5
48.2
15.2

1
2
3

TOTAL ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS 1
FINANCE N.E.C. (FINANCE COMPANIES)

38.8
28.9
.9
3.6
10.6
2.0
11.8

42.3
31.7
.9
3.8
11.8
2.4
12. 8

45.0
33.9
.9
3.8
12.8
2.8
13.5

45. 1
33.6
.7
4.2
12.8
3.2
12.7

51.5
39.2
.8
4.9
15.2
3.8
14.5

56.0
42.8
.7
4.9
16.7
4.6
16.0

57.7
43.5
.7
4.9
17.0
5.0
15.9

63.5
48.2
.7
5.7
18.9
5.7
17.2

4
5
6
7
8
9
10

9.9
3.5
3.5
2.6
.3

10.6
3.8
3.7
2.8
.3

11.1
4.0
3.8
2.9
.4

11.5
4. 1
3.9
3.2
.4

12.3
4.2
4.0
3.6
.5

13.2
4.6
4.2
3.9
.6

14.2
4.8
4.3
4.4
.7

15.2
5.2
4.5
4.7
.8

11
12
13
14
15

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

11
12
13
14
15

LEVELS

1
2
3
4
5
6
7
8
9
10

11
12
13
14
15

LEVELS

ASSETS AND LIABILITIES

1945

29L.

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

holdings of credit unions.




33

8.9
3.3
3.2
2.1
.2

1
2
3

11
12
13
14
15

LEVELS

ASSETS AND LIABILITIES

BANK LOANS N.E.C

BANK LOANS N.E.C

TABLE 30.

BANK LOANS N.E.C. 1

IN BILLIONS OF DOLLARS
30L.

LEVELS

1
2
3
4
5
6
7

8
9
10
11
12

1946

1947

1948

1949

1950

1951

1952

1953

1954

TOTAL BANK LOANS
LESS CLASSIFIED TYPES
1- TO 4- FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

26.1

31.3

38.1

42.7

43.0

52.2

57.7

65.0

68.6

71.7

1

2.9
1.9
1.4
6.8
.6
12.5

4.6
2.7
2.6
3.2
.5
17.7

6.3
3.1
3.8
2.1
.6
22.1

7.3
3.5
4.8
2.3
1.5
23.1

7.9
3.7
5.8
2.6
1.6
21.4

9.4
4.2
7.4
2.9
1.2
27.3

10.2
4.4
7.5
2.6
1.3
31.9

11.1
4.6
9.4
3.2
1.8
35.0

11.9
4.8
10.9
3.6
3.3
34.0

13.2
5.2
10.9
4.5
3.7
34.1

2
3
4
5
6
7

TOTAL LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

12.5
.9
1.0
3.2
5.9

17.7
.6
1.3
5.0
8.5

22.1
.3
1.6
6.4
10.6

23.1
.4
1.9
6.0
11.0

21.4
.4
2.0
5.6
9.3

27.3
.7
2.5
6.8
12.4

31.9
.7
3.1
7.6
15.5

35.0
.6
3.2
9.1
16.4

34.0
.6
2.8
8.9
16.4

34.1 8
.7 9
2.9 10
9.0 11
15.7 12

.8
.5

.1
1.6
.8

.1
2.2
1.0

.1
2.6
l.l

.1
3. 1
.9

.1
4.1
.7

.1
4. 1
.8

.1
4.8
.8

.1
4.7
.7

.1 13
4.9 14
1.0 15

1955

1956

1957

1958

1959

1960

1961

1962

13
14
15

SVGS. AND LOAN ASSNS.
FINANCE COMPANIES
REST OF THE WORLD

LEVELS

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

13
14
15

LEVtLS

ASSETS AND LIABILITIES

1945

30L.

ASSETS AND LIABILITIES

LEVELS

TOTAL BANK LOANS
LESS CLASSIFIED TYPES
1- TO 4- FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

83.6

91.6

95.4

99.9

113.0

119.8

127.2

140.9

1

14.9
5.9
13.2
5.0
2.4
42.2

16.1
6.4
14.6
4.3
2.3
48.0

16.2
6.9
15.8
4.2
2.0
50.3

17.4
7.8
15.9
4.7
2.6
51.5

19.1
8.9
18.8
4.9
2.0
59.3

19.2
9.5
20.6
5.1
3.4
62.0

20.0
10.4
21.4
6.2
4.5
64.8

22.0
12.3
23.6
7.3
5.0
70.8

2
3
4
5
6
7

TOTAL LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

42.2
1.4
3.3
10.1
18.7

48.0
1.5
3.3
10.8
24.0

50.3
1.7
3.6
10.6
26.0

51.5
2. 1
4.2
11.0
26.4

59.3
2.4
4.8
11.4
31.2

62.0
2.6
5.0
11.3
33.8

64.8
2.9
5.3
11.0
35.4

70.8
3.4
6.0
11.7
38.0

8
9
10
11
12

.1
7.2
1.4

.1
6.6
1.8

.1
6.2
2.1

.1
5.0
2.6

.3
6.4
2.9

.2
6.2
3.0

.2
6.3
3.7

.2
7.5
4. 1

13
14
15

SVGS. AND LOAN ASSNS.
FINANCE COMPANIES
REST OF THE WORLD

^Before deduction of valuation reserves.

.

Excludes loans to

CCC-guaranteed loans and certificates of interest, commercial
paper, finance company paper, bankers' acceptances, and consumer
loans offset by hypothecated deposits.
^"Other loans to farmers" in banking statistics. Excludes CCC

domestic commercial banks. In Call Report terms, banx loans n.e.c.
consist of commercial and industrial loans except open market
paper, loans to farmers except CCC-guaranteed, other loans to in­
dividuals except consumer credit, loans to foreign banks, loans to
nonbank financial institutions except open market paper, and "all
other" loans.




guaranteed loans and certificates of interest, which are in line

6.

40

OTHER LOANS

OTHER LOANS

OTHER LOANS

TABLE 31.

IN BILLIONS OF DOLLARS
31L.

LEVELS

LEVELS

ASSETS AND LIABILITIES

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

I. BY SECTOR 1
1
2
3
4
5
6
7
8
9
10

TOTAL LIABILITIES
CONSUMER ANO NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

7.5
2.2
.7
.9
1.0
.3
.5
.2
.1
1.6

11.1
2.2
.7
1.4
1.2
.1
.5
.3
.2
4.6

16.0
2.3
.7
1.9
1.4
.1
.5
.4
.3
8.4

19. 1
2.5
.8
2. 3
1.5
.9
.6
.5
.5
9.5

20.4
2.7
.8
2.6
1.7
1.0
.5
.4
.7
10.0

21.6
3.0
.8
3.2
2.0
.4
.6
.8
.7
10.2

23.5
3.3
1.0
3.7
2.2
.3
.8
.8
1.1
10.4

25.8
3.4
1.0
4.0
2.4
.7
1.1
.9
1.4
10.8

28.3
3.7
1.0
4.2
2.8
2.2
.8
.9
1.6
11.0

28.4 1
3.9 2
3
1.1
4.5 4
2.8 5
2.3 6
.5 7
.9 8
1.5 9
10.9 10

IL
12
13
14
15
16
17

TOTAL ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

7.6
•
4.3
.6
2.0
.5
•

11.2
.2
7.4
.5
2.0
1.0
.1

16.1
.3
11.8
.6
2.0
1.3
.1

19. 3
.4
13. 3
1.5
2.1
1.7
.1

20.6
.6
14.1
1.6
2.3
1.7

21.8
.6
15.0
1.2
2.5
2.2
.2

2 3.7
.9
15.9
1.3
2.7
2.6
.3

26.1
1.2
17.0
1.8
2.8
2.8
.3

28.6
1.4
17.4
3.3
3.0
2.9
.4

28.6
1.3
16.9
3.7
3.3
2.9
.6

LB

DISCREPANCY 3

.2-

.2-

.2-

.2-

.3-

11
12
13
14
15
16
17

.3-■18

.1-

.1-

.2-

.2-

.3
.2
.1
.1
•

.6
.2
.1
.2
*

.8
.3
.1
.3
.1

.9
.3
.1
.5
.1

1.1
.3
.1
.7
.1

1.3
.3
.1
.7
.1

1.8
.4
.2
l.l
.2

2.2
.5
.2
1.4
.2

2.5
.5
.2
1.6
.2

2.8
.7
.3
1.5
.3

»

.2
•

.2
.3
.1

.3
.4
.1

.4
.4
.1

.6
.4
.1

.6
.5
.2

.9
.6
.3

1.2
.7
.3

1.4
.7
.4

1.3 24
.9 25
* 26
»
27
.6 28

4.2
.7
.6
.6
.2
1.6

7.3
.7
.8
.5
.3
4.5

11.7
.7
1.2
.5
.4
8.3

13.2
.8
1.4
.5
.5
9.5

14.0
.8
1.7
.6
.4
9.9

14.8
.8
2.0
.6
.8
10. 1

15.7
1.0
2.3
.6
.8
10.2
-

16.8
1.0
2.5
.7
.9
10.6

17.2
1.0
2.6
1.0
.9
10.9

II. BY TYPE 4
19
20
21
22
23

OPEN MARKET PAPER 5
LIABILITY OF
CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

24
25
26
27
28

ASSETS OF

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY OF
FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORP. BUS.
SAVINGS ANO LOAN ASSNS.
REST OF THE WORLD
NONPROFIT ORGS.

36

CCC- GUARANTEED LOANS AND CTFS. 8

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS
U.S. GOVT.
LIFE INSUR. COS.

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY
NONCORP. BUS.
CORP. BUS.

CORPORATE BUSINESS
BANKING SYSTEM
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

.3

.1

.1

.9

1.0

.4

.3

.7

2.2

2.3 36

2.1
.1
1.9

2.1
.1
1.9

2.3
.1
2.1

2.5
.1
2.3

2.7
.2
2.4

2.9
.2
2.6

3.0
.2
2.7

3.2
.2
2.9

3.5 37
.2 38
3.1 39

.4
.2
.2

.9
.5
.5

l.l
.6
.6

1.5
.1
.7

1.5
.8
.8

2.0
1.0
1.0

2.4
1.2
1.2

2.6
1.3
1.3

2.7
1.3
1.3

2.6 40
1.3 41
1.3 42

^Consumer loans from banks offset by hypothecated deposits and
business loans of mutual savings banks are omitted from the list­
ing by type.

Liabilities

'’Directly placed finance company paper, commercial paper placed
through dealers, and bankers’ acceptances, with following partici­
pations:
Ag. of
Fi­
Non­
Bank- nance foreign Fgn.
corp . Corp.
bus.
ing
banks
bus.
cos.

36, hO*
Consumers and nonprofit
Farm business
30
31, h2*
Nonfarm noncorp, business
20, 32, h3
Corporate business
2h
Federal Government
29, 39
37
State and local govts.
33
Banking
25, 36*
«■
3h
Savings institutions
26, 39
Insurance
22
Finance companies
hl
Agencies of foreign banks
27
28
Rest of world
23, 35
18
Discrepancy
♦Bank consumer loans secured by hypothecated deposits and
mutual savings bank loans to business are not shown separately
in Part II.
2
Includes mutual savings bank loans to business not shown
separately.
^Loans of banks in U.S. territories and possessions are in­
cluded as an asset of finance n.e.c. but unallocated as a liabil­
ity.




29
30
31
32
33
34
35

2.2
.1
2.0

^The sector totals in Part I are made up of the following items
from Bart II (references are to line numbers in Ifcrt II):

Assets

16.7
l.l
2.8
.8
.9
10.7
-

19
20
21
22
23

Direct finance paper
Dealer paper
Acceptances

L

A
A, L
L

A
A
A

L
L
A

A, L

^Other than CCC nonrecour

se Ioans, which are treated as inet
purchase of farm commodities by U.S. Government.
?Loans to savings and loan associations by Federal home loan
banks.

Liability of the Federal Government; asset of the commercial
banking sector. In conformance with income-and-product treatment,
crops goinfe under vft loan atreated as Federal Govt, expendi"includes ether insurance net shown separately.

41

OTHER LOANS

OTHER LOANS

TABLE 31.

OTHER LOANS

IN BILLIONS OF DOLLARS

LEVELS

31L.

ASSETS AND LIABILITIES

LEVtLS

1955

1956

1957

1958

1959

1960

1961

1962

2
3
4
5
6
7
8
9
10

TOTAL LIABILITIES
CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

29.4
4.2
1.1
5.3
3.0
1.2
.5
1.4
1.7
10.9

30.3
4.5
1 .2
5.7
3.2
.9
.6
I .2
1 .9
11.2

33.0
5.0
1.4
6. 3
3.8
.5
.8
1.3
2.3
11.7

35.2
5.5
1.6
6.5
4.0
.8
1.0
1.3
2.2
12.3

38.3
6. 1
1.8
7.3
4.5
.2
1.2
2.1
2.8
12.2

44.6
6.9
2.0
8.4
6. 1
.7
1.5
2.0
3.7
13.4

49.2
7.6
2.2
8.9
6.7
.9
1.8
2.7
3.7
14.7

55.5
8.2
2.5
9.8
7.8
1.1
2.4
3.5
4. 7
15.5

1
2
3
4
5
6
7
8
9
10

11
12
13
14
15
16
17

TOTAL ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL, BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

29.7
1.3
17.8
2.4
3.6
4.2
.3

30.6
1.5
18.1
2.3
3.8
4.4
.5

33.5
1.8
19.0
2.0
4.3
5.5
.7

35.6
1.8
20.4
2.6
4.5
5.6
.6

38.7
2.3
22.0
2.0
5.0
6.8
.5

45.0
2.8
23.2
3.4
5.8
8.6
1.0

49.6
2.9
25.4
4.5
6.2
9.4
1.0

56.0
3.7
28.5
5.0
6.8
10.6
1.0

11
12
13
14
15
16
17

I. BY SECTOR 1

18

DISCREPANCY 3

.3-

.3-

.4-

.5-

.4-

.4-

.4-

.4-

18

II. BY TYPE 4
2.7
.5
.2
1.7
.3

3.2
.5
.2
1.9
.5

4.0
.6
.3
2.3
.7

3.9
.8
.3
2.2
.6

4.4
.7
.3
2.8
.6

6.5
1.2
.4
3.7
1.2

7.4
1.5
.4
3.7
1.8

8.6
1.7
.4
4. 7
1.8

19
20
21
22
23

1.3
.7
.2
.1
.3

1.5
.8
.2
.2
.5

1.8
1.0
.3
.3
.7

1.8
1.1
.2
.3
.6

2.3
1.1
.2
.3
.5

2.8
2.0
.4
.3
1.0

2.9
2.8
.3
.3
1.0

3.7
3. 1
.4
.3
1.0

24
25
26
27
28

17.5
l.l
3.2
.7
1.4
10.6
*

17.8
1.2
3.4
.7
1 .2
10.7
•

18.7
1.4
3.4
.7
1.3
11.0
.1

20. 1
1.6
3.6
.8
1.3
11.7
.2

21.6
1.8
3.8
.8
2.1
11.6
.2

22.7
2.0
3.8
.9
2.0
12.2
.3

24.9
2.2
3.9
1.0
2.7
12.9
.4

28.0
2.5
4. 1
1.2
3.5
13.7
.5

29
30
31
32
33
34
35

19
20
21
22
23

OPEN MARKET PAPER 5
LIABILITY OF
CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

24
25
26
27
28

ASSETS OF

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY OF
FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORP. BUS.
SAVINGS AND LOAN ASSNS.
REST OF THE WORLD
NONPROFIT ORGS.

36

CCC- GUARANTEED LOANS AND CTFS. 8

1.2

.9

.5

.8

.2

.7

.9

1.1

36

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS
U.S. GOVT.
LIFE INSUR. COS.

3.7
.3
3.3

3.9
.3
3.5

4. 3
.3
3.9

4.7
.4
4.2

5.2
.4
4.7

5.8
.4
5.3

6.4
.5
5.8

6.9
.6
6.3

37
38
39

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY
NONCORP. BUS.
CORP. BUS.

3.8
1.9
1.9

3.8
1.9
1.9

4.8
2.4
2.4

4.9
2.4
2.4

6. 1
3. 1
3.1

7.9
3.9
3.9

8.6
4.3
4.3

9.8
4.9
4.9

40
41
42




CORPORATE BUSINESS
BANKING SYSTEM
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

U2

SECURITY CREDIT

SECURITY CREDIT

TABLE 32.

SECURITY CREDIT

IN BILLIONS OF DOLLARS

levels

1
2
3
4

TOTAL LIABILITIES
CUSTOMERS 1 i
SECURITY LOANS FROM BANKS
CUSTOMER OEBIT BALANCES

5
6
7
8

9
10
11
12
13

32L.

BROKERS AND DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1
TOTAL ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING
TO BROKERS AND DEALERS
TO OTHERS
FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN.BANKS
REST OF THE WORLD

14
15
16
17

1946

1947

1948

1949

1950

1951

1952

1953

1954

8.8
4.9
3.6
1.3

4.5
2.2
1.6
.6

3.4
1.9
1.2
.6

3.6
1.6
1.0
.6

4.4
1.8
.9
1.0

5.4
2.6
1.1
1.5

5.0
2.4
1.0
1.4

5.7
2.6
1.1
1.5

6. 5
3. 1
1.2
1.9

8.6
4.2
1.5
2.7

1
2
3
4

3.9
3.2
.7

2.3
1.5
.8

1.5
.8
.7

2.0
1.3
.6

2.5
1.8

.7

2.9
1.8
.1
1.0

2.6
1.6
.2
.9

3.1
2.1
.2
.8

3.4
2.4
.3
.8

4.4
2.9
.4
l.l

5
6
7
8

8.8
.6
6.8
3.2
3.6

4.5
.7
3.2
1.5
1.6

3.4
.6
2.1
.8
1 .2

3.6
.6
2.3
1.3
1.0

4.4
.6
2.6
1.8
.9

5.4
.9
2.9
1.8
1. 1

5.0
.8
2.6
1.6
1.0

5.7
.7
3.2
2.1
1.1

6.5
.7
3.6
2.4
1.2

8.6
1.0
4.5
2.9
1.5

9
10
11
12
13

1.3
1.3
.1

.6
.6
.1

.6
.6
.1

.6
.6
.1

1.0
1.0
•
.1

1.6
1.5
.1
.1

1.6
1.4
.2
.1

1.7
1.5
.2
.1

2.2
1.9
.3
.1

3.1
2.7
.4
.1

14
15
16
17

1955

1956

1957

1958

1959

1960

1961

1962

9.6
4.9
1.8
3.1

9.0
4.8
1.7
3.1

8.7
4.4
1.6
2.8

10.4
5.6
1.8
3.8

10.5
5.6
1.8
3.8

10.9
5.5
1.8
3.6

13.1
6.9
2.1
4.7

13.9
6. 7
2. 1
4.6

1
2
3
4

4.7
3.3
.5
1.0

4.2
2.6
.6
1 .0

4.3
2.6
.7
1.0

4.8
2.8
.7
1.3

4.9
3.0
.8
1. 1

5.4
3. 3
.8
1.2

6.3
4.1
.9
1.3

7.2
5. 1
.7
1.3

5
6
7
8

9.6
.9
5.0
3.3
1.8

9.0
.9
4.3
2.6
1.7

8.7
.9
4.2
2.6
1.6

10.4
1.2
4.7
2.8
1.8

10.5
1.0
4.9
3.0
1.8

10.9
1.1
5.1
3.3
1.8

13.1
1.2
6.2
4.1
2.1

13.9
1.2
7.3
5.1
2. 1

9
10
11
12
13

3.6
3.1
.5
.1

3.7
3.1
.6
.1

3.5
2.8
.7
.1

4.5
3.8
.7
.1

4.5
3.8
.8
.1

4.5
3.6
.8
.1

5.6
4.7
.9
.1

5. 3
4.6
.7
.1

14
15
16
17

LEVELS

1
2
3
4
5
6
7
8

9
10
11
12
13
14
15
16
17

32L.

TOTAL LIABILITIES
CUSTOMERS 1 '
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES
BROKERS AND DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES I

TOTAL ASSETS
CONSUMER ANO NONPROFIT
COMMERCIAL BANKING
TO BROKERS AND DEALERS
TO OTHERS
FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN.BANKS
REST OF THE WORLD

Stainl;y consumers; includes small amounts owed by foreign customers.




LEVELS

ASSETS AND LIABILITIES

1945

43

ASSETS AND LIABILITIES

LEVELS

TRADE CREDIT

TRADE CREDIT

TABLE 33.

TRADE CREDIT

IN BILLIONS OF DuLLARS

33L .

LEVtLS

1
2
3
4
5
6

1947

1948

1949

195 0

1951

1952

1953

1954

20.9
.6
.6
1.83.2
5.0

23.1
.7
.8
2.82.6
5.4

25.4
.8
1.2
2. 33.4
5.8

24.4
.8
1.4
2.23.7
5.8

3 1.8
.9
1.7
2.44.6
7.0

36.3
.9
2.0
3.24. 1
7.3

38.9
1.1
2.1
4.24.1
8.4

39.0
1.2
2.1
3.75.2
8.9

40.6
1.3
2.1
2.66.6
9.2

1
2
3
4
5
6

17.1
2.7
.6

20.1
.7
.7

23.5
.9

24.8
1.0

23.2
1.1

29.4
1.1
1.2

32.8
2.7
1.2

35.8
2.8
1.3

35.5
2.6
1.4

35.9
2.4
1.6

7
8
9

22.2
21.0
.9
.4

24.3
23.7
.1
.5

29.4
28.8
.6

31.7
31. 1
.7

31.0
30.3
.7

41.7
40.5
.4
.7

46.2
44.0
1.3
.8

50.2
47.0
2.3
.9

49.4
46.2
2.2
1.0

53.2
49.6
2.4
1.1

10
11
12
13

11.3-

10.4-

12.5- 14

20.8
TOTAL LIABILITIES
CONSUMER AND NONPROFIT 1
.5
.6
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES 2
.63.4
LIABILITY
4.0
ASSET

7
8
9

CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE ANO LOCAL GOVERNMENTS

10
11
12
13

TOTAL ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE $

14

DISCREPANCY (1-10)

1.4-

3.4-

6.3-

7
8
9

6. 333L.

LEVELS

1
2
3
4
5
6

TOTAL LIABILITIES
CONSUMER AND NONPROFIT 1
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES 2
LIABILITY
ASSET
CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

LEVtLS

ASSETS AND LIABILITIES

1946

1945

6.6-

9.9-

9.9-

LEVtLS

ASSETS AND LIABILITIES

1955

1956

1957

1958

1959

1960

1961

1962

49.0
1.4
2.2
2.57.1
9.7

53.8
1.6
2.3
2.48.2
10.6

53.8
1.7
2.3
1.89.0
10.8

56.5
1.8
2.5
2.39.3
11.6

57.7
1.9
2.7
2.78.7
11.3

58.5
2.0
2.8
2.88.7
11.5

61.3
2.0
2.9
2.88.7
11.5

62.8
2.1
3.2
2.19.4
11.5

1
2
3
4
5
6

43.9
2.3
1.7

47.9
2.6
1.8

46.8
2.8
2.0

49.5
2.8
2.2

50.6
2.9
2.3

51.0
3. 1
2.4

53.2
3.4
2.5

53.4
3.6
2.6

7
8
9

100.0
95.6
2.0
2.4

10
11
12
13

10
11
12
13

TOTAL ASSETS
•CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE 5

62.7
59.3
2.3
1.2

68.6
65.0
2.4
1.3

70.2
66.5
2.3
1.5

75.9
72.6
1.7
1.6

82.1
78.6
1.7
1.8

86.6
82.8
1.8
1.9

94.4
90.5
1.8
2.1

14

DISCREPANCY (1-10

13.7-

14.8-

16.4-

19.4-

24.4-

28.0-

33. 1-

^Nonprofit organizations.

^Trade credit and trade debt for noncorporate business are not
available separately on a quarterly basis.
■^Payables to corporations.
4
Prepayments and advances to corporations.
^Receivables from agents.




UQ

37.2-

14

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS
IN BILLIONS OF DOLLARS

LEVELS

ASSETS AND LIABILITIES

34L.

LEVELS
1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLD

23.4
2.4
1.8
3.6
5.1
1.8
8.7

23.4
2.5
1.4
4.3
3.9
1.7
9.5

23.2
2.6
1.1
5.1
3.2
1.6
9.6

25.6
2.8
.9
5.9
3.7
1.6
10.8

27.9
2.9
.8
6.5
4.2
1.6
11.9

30.4
3.1
.8
7.0
4.5
1.7
13.2

33.2
3.3
1.1
7.9
4.7
1.8
14.3

36.6
3.5
1.1
8.9
5.0
2.0
16.1

39.5
3.8
1.3
9.7
5.1
2.1
17.5

42.4
4.0
1.6
10.3
5.0
2.4
19.0

1
2
3
4
5
6
7

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

20.5
.9
.5
.8
8.9
3.0
2.6
.1
3.7

20.6
1.1
.6
.9
10.3
2.5
1.6
.2
3.5

20.7
1.4
.7
1.1
10.5
2.2
1.0
.2
3.6

23.9
1.7
.8
1.2
12.0
2.5
1.6
.2
3.9

26.5
1.9
.9
1.3
13.2
2.8
1.7
.4
4.2

28.7
2.2
1.0
1.4
14.5
2.6
2.1
.4
4.6

31.6
2.6
1.0
1.6
15.9
2.6
2.3
.5
5.0

34.1
3.1
1.1
1.8
17.9
2.7
1.5
.7
5.3

36.9
3.6
1.1
2.0
19.5
2.5
1.6
.9
5.6

39.8
4.0
1.1
2.1
20.9
2.4
1.9
1.2
6.0

8
9
10
11
12
13
14
15
16

17

DISCREPANCY

2.9

2.7

2.5

1.7

1.4

1.7

1.5

2.5

2.7

2.6 17

1.6
»
1.6

1.3
.1
1.2

.9
.1
.8

.7
.1
.6

.5
.3
.3

.5
.2
.3

7
3
5

.7
.4
.3

8
6
2

1.0 18
.8 19
.2 20

8
3
4

.5
.3
.1
.1

5
2
1
2

.4
.2
.1
.1

.5
.2
.2
.1

8
2
3
2

5
2
3
1

9

1.0

1.1

1.2

1.5 25

8

8

9

.9

.9 26

I. BY SECTOR 1

1
2
3
4
5
6
7

II.

BY TYPE

(A) DEPOSITS

18
19
20

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
OTHER UNALLOCATED

21
22
23
24

FOREIGN CURRENCY HOLDINGS
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

25

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

26

DEP. AT BANKS IN U.S. PUSS. AND TERR
LIABILITY - FINANCE N.E.C
ASSET - UNALLOCATED

27

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPURATIONS U
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

8

.9

.6
.2
.3
.1

.6
.2
.3
.1

7
2
3
1

21
22
23
24

9

.9

7.2

8.4

8.4

9.6

10.7

11.8

13.1

14.8

16.3

17.6 27

2.4

2.5

2.6

2.8

2.9

3. 1

3.3

3.5

3.8

4.0 28

»

.1

.1

.1

.1

.1

.1

•

•

. 1 29

.4

.2

.2

.3

.4

.6

.7

.7

.6

.5 30

1.2

1.6

1.7

1.5

1.5

1.5

1.4

1.2 31

(B) EQUITIES

28
29

30

COML. BANK CLAIMS ON
LIABILITY - REST OF
C»L. BANK LIABILITY
ASSET - REST OF THE

FGN. BRANCHES
THE WORLD
TO FGN. BRANCHES
WORLD

31

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION $
LIABILITY - MONETARY AUTHORITIES

32

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WORLD

.6

.6

.6

.6

.6

.6

.6

.6

.6

.6 32

33
34
35

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

.1
.1
.1

.2
.1
.1

.2
.1
.1

.2
.1
.1

.2
.1
.1

.3
.2
.1

.4
.3
.1

.4
.3
.1

.5
.4
.1

.5 33
.4 34
.1 35

2.0

2.0

.2

.2

.2

.2

.2

.2

.2

.2 36

36

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




.2-

U5

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS CONTINUED

IN BILLIONS OF DOLLARS
LEVELS

34L.

(C)

1
2
3
4

5
6
7
8
9

10
11

2.2
2.2
•
-

1.1
1.1
•
-

3.6
1.4
.8
.5
.9

4.3
1.6
.9
.6
1.1

5.1
1.9
1.1
.7
1.4

5.9
2.2
1.2
.8
1.7

2.5

1.4

.8

.5

.9

.9

1948

LEVELS

ASSETS AND LIABILITIES
1949

1950

1951

1952

1953

1954

.6
.5
•
.1-

.6
.5
•
. 1-

.9
.6
»
.2-

.7
.6
•
. 1-

.6
.5
•
. 1-

.7
.6
e
.1-

.8
.6
•
.2-

.6
.6
. 1. 1-

1
2
3
4

OTHER

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT
UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS 9
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED

(E)

1946

FLOATS

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED
(D)

1947

1945

6.5
2.4
1.3
.9
1.9

7.0
2.5
1.4
1.0
2.2

7.9
2.7
1.6
1.0
2.6

8.9
2.9
1.8
1.1
3.1

1.4

1.5

1.8

2. 1

1.4

1. 1

1.1

1.4

1.7

1.9

9. 7
3.0
2.0
1.1
3.6

10.3
3.1
2.1
l.l
4.0

5
6
7
8
9

1.5

1.7

10

2. 1

2.5

11

12

SUMMARY ON DISCREPANCY

12

TOTAL DISCREPANCY (1-8)

2.9

2.7

2.5

1.7

1.4

1.7

1.5

2.5

2.7

2.6

13
14
15
16
17

UNALLOCATED LIABILITIES
COML. BANKS
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
OEP. AT BANKS IN U.S. POSS.
FLOATS

.5
1.6
.1
.9
2.2

.9
1.2
.1
.9
1.1

.9
.8
.1
.9
.6

1.1
.6
. 1
.8
.6

1.1
.3
.1
.8
.7

1.4
.3
.1
.8
.9

1.7
.5
.1
.8
.6

1.9
.3
.1
.9
.7

2. 1
.2
.1
.9
.8

2.5 13
.2 14
.1 15
.9 16
.6 17

18

LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS

2.5

1.4

.8

1 .4

1.5

1.8

2.1

1.4

1.5

1.7 18




The sector totals in Part I of this table are the following combinations of
items from Part II (references are to subsections and line numbers in Part II
for assets and liabilities):
Assets

Consumer and nonprofit
Farm business
Nonfarm noncorporate
business
Corporate business
Federal Government
Commercial banking
Savings institutions
Finance n.e.c.
Rest of world
Discrepancy

Liabilities

D-9
D-8
D-7
A-22, B-27, D-6
A-23, B-31, 32, 36
A-24, B-29, D-10*
A-19, B-34
A-25, B-28, 30
E-12

B-28
A-19, 20, B-34, 35*
B-30, 31, 36, C-l, D-ll

A-25, 26
A-22. 23, 24, 3-27, 29, 32"

♦Not shown separately are Exchange Stabilization Fund holdings of foreign
currencies, foreign securities, and deposits with Treasury.

45

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS
IN BILLIONS OF DOLLARS

LEVELS

>34L.

ASSETS AND LIABILITIES

LEVELS

1955

1956

1957

1958

1959

1960

1961

1962

TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLD

45.5
4.3
1.6
ll.O
5.2
2.6
20.9

51.8
4.5
1.7
11.8
6.4
3.1
24.2

57.7
4.8
2.0
12.8
6.7
3.4
28.0

61.7
4.9
2.1
13.7
6.9
3.7
30.3

67.9
6.6
2.0
14.8
8.3
3.1
33.1

75.5
6.9
2.5
15.7
9.8
3.7
36.7

81.0
7.0
2.9
16.5
11.3
4.6
38.6

83.7
7.5
2.9
17.2
11.2
4.5
40.4

1
2
3
4
5
6
7

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLO

42.6
4.5
1.2
2.3
22.6
2.5
1.9
1.2
6.4

48.5
4.7
1.2
2.4
25.8
3.5
2.3
1.3
7.2

54.4
5.0
1.3
2.6
29.3
4.6
2.9
1.3
7.3

58.1
5.3
1.3
2.7
31.8
4.8
2.8
1.6
7.6

64.1
5.7
1.4
2.9
34.8
5.2
3.0
1.5
9.6

70.7
5.9
1.4
3.0
38.3
5.3
3.8
1.9
10.9

75.5
6.2
1.5
3.2
40.3
5.5
4.6
2.3
11.9

78.1
6.4
1.5
3.4
42.3
4.9
5.3
2.3
11.9

8
9
10
11
12
13
14
15
16

17

DISCREPANCY

2.9

3.2

3.3

3.6

3.9

4.8

5.6

5.5

17

18
19
20

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.1
OTHER UNALLOCATED

.9
.7
.2

1.0
.7
.3

1.2
.7
.3

1.1
.8
.3

.9
.6
.3

1.3
.9
.3

1.5
1.2
.3

1.4
1.2
.2

18
19
20

21
22
23
24

FOREIGN CURRENCY HOLDINGS
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

.9
.2
.6
.1

1.3
.2
1.0
.1

2.0
.2
1.7
.1

2.3
.2
2.0
.1

2.6
.2
2.3
.1

3.1
.2
2.7
.1

3.4
.3
2.7
.3

3.4
.3
2.9
.2

21
22
23
24

I. BY SECTOR 1

1
2
3
4
5
6
7

II.

BY TYPE

(A) DEPOSITS

25

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

1.6

2.1

2.2

2.4

2.5

3.0

3.8

3.6

25

26

DEP. AT BANKS IN U.S. POSS. ANO TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

1.0

1.0

1.2

1.3

.6

.7

.8

.9

26

27

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS b
LIABILITY - REST OF THE WORLO
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

19.3

22.2

25.2

27.3

29.7

32.7

34.3

36.1

27

4.3

4.5

4.8

4.9

6.6

6.9

7.0

7.5

28

.1

.1

.1

.1

.1

.1

.1

.2

29

.6

.6

.3

.3

.5

.9

1.0

.9

30

(B) EQUITIES

28

29

30

COML. BANK CLAIMS ON
LIABILITY - REST OF
CCKL. BANK LIABILITY
ASSET - REST OF THE

FGN. BRANCHES
THE WORLD
TO FGN. BRANCHES
WORLD

31

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION
LIABILITY - MONETARY AUTHORITIES

1.1

1.7

2.0

2.0

2.1

1.7

1.9

1.1

31

32

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WORLD

.6

.7

.7

.7

.7

.8

.8

.8

32

33
34
35

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

.6
.5
.1

.7
.6
.1

.9
.7
.2

1.0
.8
.2

1. 1
.9
.2

1.3
1.0
.3

1.4
1.1
.3

1.5
1.1
.4

33
34
35

.2

.2

.2

.2

.2

.2

.2

.2

36

36

EXCHANGE STABILIZATION FUNO STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




$

4

7

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS CONTINUED
IN BILLIONS OF DOLLARS

LEVELS

34L.

1955
<C>

2
3
4

5
6
7
8
9
10
11

1957

ASSETS AND LIABILITIES
1958

1959

1960

LEVELS

1961

1962

FLOATS

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED
(0)

1956

.9
.6
.2.3-

1.0
.8
.2.4-

.6
.8
.3. 1-

.7
.9
.3. 1-

1.4
1.0
.1
.2-

1.4
1.1
.1.4-

2.3
1.8
•
.5-

2.6
l.l
1.7
.2

1
2
3
4

OTHER

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT

UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED

11.0
3.1
2.3
1.2
4.5

11.8
3.4
2.4
1.2
4.7

12.8
3.9
2.6
1.3
5.0

13.7
4.3
2.7
1.3
5.3

14.8
4.8
2.9
1.4
5.7

15.7
5.3
3.0
1.4
5.9

16.5
5.6
3.2
1.5
6.2

17.2
5.9
3.4
1.5
6.4

5
6
7
8
9

9

1.7

2.1

2.5

2.6

2.8

3.6

4. 1

4.9

10

2.5

3.0

3.6

3.8

4. 1

5.6

5.9

6.4

11

(E) SUMMARY ON DISCREPANCY
12

TOTAL DISCREPANCY (1 - 8)

2.9

3.2

3.3

3.6

3.9

4.8

5.6

5.5

12

13
14
15
16
17

UNALLOCATED LIABILITIES
COML. BANKS
DEP. WITH U.S. GOVT.
EO. IN GOVT. CORP.
DEP. AT BANKS IN U.S. POSS.
FLOATS

2.5
.2
.1
1.0
.9

3.0
.3
.1
1.0
1.0

3.6
.3
.2
1.2
.6

3.8
.3
.2
1.3
.7

4.1
.3
.2
.6
1.4

5.6
.3
.3
.7
1.4

5.9
.3
.3
.8
2.3

6.4
.2
.4
.9
2.6

13
14
15
16
17

18

-LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS

1.7

2.1

2.5

2.6

2.8

3.6

4.1

4.9

18

2
Includes Exchange Stabilization Fund deposits not shown sepa­
rately. No levels available for unallocated interest accruals.
^Nonconvertible currencies only.

^Prepaid premixans and benefits payable on fire and casualty

insurance policies.
?In Call Report classifications, assets included here consist
mainly of corporate stocks, investments indirectly representing
real estate, customers' liabilities on acceptances, and "other’’
assets. Liabilities Included are acceptances outstanding and
"other" liabilities.
^Excess of interest accruals in nonfinancial outlays over
interest payments. Excludes accruals on savings bonds and
Treasury bills, which are in Federal obligations, Table 23. No
level for accrued interest is available.
^Unidentified items in balance of payments statement.

^Net flows differ from changes in assets and liabilities be­
cause of valuation changes and accruals of equity in retained
incomes.

^See Table 18, note 1.
^Includes subscriptions to Inter-American Bank.
^Excess of reported liability for deposits of and loans to
other U.S. commercial banks over corresponding reported asset.
Float on member-bank reserves is excess of reported bank asset
over Federal Reserve reported liability.




U8

SAVING ANO INVESTMENT

SAVING ANO INVESTMENT

TABLE 2.

SAVING, INVESTMENT, ANO

FINANCIAL FLOWS

IN BILLIONS OF DOLLARS
ANNUAL FLOWS

I.

1947

1948

1949

1950

1951

1952

1953

1954

46.6
33.1
4.2
5.7
2.0
1.4
.2

57.3
29.0
5.2
14.2
8.3
.6
*

68.4
37.3
6.3
18.8
6.0
.6.4

57.5
37.5
7. 1
15.7
1.61.7.5

78.7
47.3
7.9
24.5
.7
2.3.7

84.1
51.5
9.0
24.5
.4
1.6.3

77.3
52.3
9.5
16.8
1.51.31.5

79.7
56.7
10. 1
21.0
8.61.32.0

79.9
55.2
10. 1
17.9
2.72.81.8

48.9
15.9
6.4

61.9
20.6
.5-

69.1
22.7
4.7

58.8
24.6
3.1-

77.7
30.4
6.8

86.7
29.5
10.2

79.4
29.1
3.1

81.5
32.9
.4

81.0 8
32.4 9
1.6- 10

21.8
4.2
17.5
•

31.9
6.8
24.8
.3

38.4
10.4
27.7
.3

36.0
9.4
26.3
.3

43.1
13.4
29.5
.3

46.1
13.7
32.1
.3

46.8
13.2
33.3
.3

50.0
14.4
35. 3
.3

50.5
15.4
34.7
.5

SAVING AND INVESTMENT

1 GROSS NATIONAL SAVING
2
CONSUMER AND NONPROFIT
3
FARM AND NONCORP. BUSINESS
4
CORPORATE NONFIN. BUSINESS
5
U.S. GOVERNMENT
6
STATE AND LOCAL GOVT.
7
FINANCIAL SECTORS

8 GROSS NATIONAL INVESTMENT
9
CONSUMER DURABLE GOODS
10
BUSINESS INVENTORIES
11
12
13
14

1946

GROSS PVT. FIXEO INVESTMENT
CONSUMER AND NONPROFIT
NONFIN. BUSINESS
FINANCIAL SECTORS

15
NET FINANCIAL INVESTMENT
16 DISCREPANCY (1-8)

4.9
2.3-

9.8
4.5-

3.3
.7-

1.2
1.3-

2.51.0

.9
2.6-

.4
2.1-

1.71.8-

1
2
3
4
5
6
7

11
12
13
14

.2- 15
1.4- 16

II. FINANCIAL FLOWS SUMMARY

17 NET FUNDS RAISED-NONF INAN. SECTOR
18 LOANS AND SHORT-TERM SECURITIES
19 LONG-TERM SECURITIES AND MTGS.

4.28.64.4

17.1
7.1
10.0

14.1
3.4
10.6

17.1
12.3
4.8

25.8
12.4
13.4

24.5
3.628.1

32.5
16.1
16.4

28.9
21.4
7.5

25.3 17
10.4-18
35.7 19

BY SECTOR
20 U.S. GOVERNMENT
SHORT-TERM SECURITIES
21
22
OTHER SECURITIES
23 FOREIGN BORROWERS
24
LOANS
25
SECURITIES
26 PVT. DOMESTIC NONFIN. SECTORS
27
LOANS
28
CONSUMER CREDIT
29
BANK LOANS N.E.C.
30
OTHER LOANS
31
SECURITIES AND MORTGAGES
32
STATE AND LOCAL OBLIGATIONS
33
CORPORATE SECURITIES
34
I- TO 4-FAMILY MORTGAGES
35
OTHER MORTGAGES

23.019.23.63.1
3.2
. 115.7
7.6
2.7
4.3
.6
8.1
.11.9
4.4
1.8

7.04.52.54.1
4.1
•
20.1
7.6
3.2
3.5
.8
12.5
1.4
4.0
5.2
2.0

5.62.54.0—
1.3
1.2
.1
18.4
3.9
2.8
.1
.9
14.5
2. 1
5.3
4.9
2.2

2.3
10.4
8.2.3
.3
•
14.6
1.5
2.9
2.0.6
13.0
2.4
4.2
4. 3
2.1

1.02.7
3.1.2
•
.3
26.6
10.4
4.1
5.0
1.3
16.2
3.0
3.0
7.6
2.6

.410.910.6
.6
.3
.4
24.3
7.2
1.2
4.5
1.4
17.1
2.1
5.5
6.5
2.9

4.8
7.0
2.6.5
.4
.1
27.2
8.3
4.8
2.4
1.1
18.9
2.8
7.0
6.8
2.3

6.6
16.5
11.4.1
.2
.122.2
3.3
3.9
.8.2
18.9
3.9
5.2
7.6
2.3

1.9 20
11.8--21
13.6 22
.4 23
.2 24
.2 25
23.0 26
1.1 27
1.1 28
.3--29
.3 30
21.9 31
4.5 32
5. 1 33
9.6 34
2.8 35

36 NET SOURCES OF CREDIT (-17)
CHG. IN U.S. GOVT. CASH BALANCE
37
U.S. GOVT. LENDING
38
39
FOREIGN FUNDS
40
PVT. 1NSUR. AND PENSION RESERVES
41
SOURCES N.E.C.

4.222.32.6
1.43.9
1.9

17.1
.44.2
3.34.2
1.4

14.1
1.2
1.6
1.04.3
2.7

17. 1
.4
1.3
.3
4.6
3.5

25.8
.31.2
3.4
4.9
2.9

24.5
.2
1.5
.35.5
2.7

32.5
1.8
1.7
1.1
5.8
6.2

28.9
1.3.5
2.1
6.0
4. 1

25.3 36
.3 37
.3--38
1.5 39
6.5 40
3. 1 41

42 PVT. DOMESTIC NONFIN. SECTORS
43
DEPOSITS AND U.S. GOVT. SECUR.
44
DEPOSITS
DEMAND DEP. AND CURRENCY
45
46
TIME AND SVGS. ACCOUNTS
47
AT COMMERCIAL BANKS
AT SAVINGS INSTIT.
48
49
U.S. GOVT. SECURITIES
50
OTHER SECURITIES AND MTGS.
LESS SECURITY DEBT
51

11.0
7.5
13.4
6.9
6.5
3.8
2.7
5.9.8
2.7-

11.0
8.7
7.1
3.5
3.6
1.4
2.2
1.6
2.1
.3-

5.2
1.5
.4
2.12.5
.6
1.9
l.l
3.4
.3-

7. 1
5.0
2.0
.82.7
.3
2.5
3.0
2.3
.2

13.6
11.4
8.4
5.9
2.5
.1
2.4
3.0
2.7
.4

14.9
11.3
11.0
6.3
4.7
1.5
3.2
.3
3.5
.1-

15.9
12.0
11.9
4.1
7.7
2.8
5.0
.1
4.'2
.3

17.5
13.2
9.8
1.2
8.6
2.9
5.7
3.4
4.8
.5

14.2 42
11.3 43
13.5 44
3.6 45
9.9 46
3.2 47
6.7 48
2.2--49
3.7 50
.8 51

4.515.88.2
3.2

9.1
8.011.2
6.0

7.7
8.512.0
4.2

11.2
1.110.9
1.4

19.3
4.614.1
9.8

18.4
.914.0
5.3

26.2
2.7
15.1
8.4

21.8
1.1
15.5
5.2

26.3
3.9
19.2
3.2

52
53
54
55

10.82.9
3.9
.5-

1.4
2.5
4.7
.6

1.52.1
5.2
2.0

1.3
2.5
5.4
2.0

8.3
3.2
5.6
2.2

9.0
3.0
5.9
.6

10.8
5.1
7.3
3.0

5.4
5.9
7.9
2.6

9.3
6.6
8.2
2.2

56
57
58
59

4.5.2
8.214.83.8
2.7
3.1
.8
1.4
.2
.2
1.0
1.6.1-

9.1
•
6.7
3.1
1.4
2.2
3.2
1.0
1.2
.2
.2
.8
• 82.2-

7.7
.4
2. 1
.5.6
1.9
3.2
1.1
1.3
.2
.4
.7
.5
.9-

11.2
.5
2.9
•
.5
2.5
3.5
1.1
1.2
.3
.4
.5
.5
1.4

19.3
.7
9. 1
6.4
.3
2.4
3.4
1.5
2.1
.3
.4
1.4
.4
2.1

18.4
.3
11.6
6.7
1.7
3.2
3.3
2.1
1.1
.4
.3
.3
.3.3

26.2
1.5
14.4
6.2
3.1
5.1
3.1
2.6
2.1
.6
.3
1.1
.4
2.1

21.8
2.0
9.2
«
3.4
5.8
3.1
2.9
2.2
.4
1.4
.3
.4
2.0

III. FINANCIAL INSTITUTIONS
52 NET FUNDS ADVANCED-TOTAL
53
U.S. GOVT. SECURITIES
54
OTHER SECURITIES AND MTGS.
55
LOANS
BY SECTOR
56 BANKING SYSTEM
57 SAVINGS INSTITUTIONS
58 INSURANCE AND PENSION FUNDS
59 FINANCE N.E.C.

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

NET SOURCES OF FUNDS-TOTAL
GROSS SAVING
DEPOSIT CLAIMS
DEMAND DEPOSITS AND CURR.
TIME OEP. AT COML. BANKS
OTHER SAVINGS ACCOUNTS
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREOIT MARKET INSTRUMENTS
INVESTMENT CO. SHARES
CORPORATE BONDS
LOANS
SECURITY CREDIT
OTHER SOURCES, NET




49

26.3 60
1.8 61
15.0 62
4.4 63
3.8 64
6.8 65
3.4 66
3.1 67
.9 68
.5 69
.3 70
.2--71
1.0 72
1.0 73

SAVING AND INVESTMENT

SAVING AND INVESTMENT

TABLE 2.

SAVING, INVESTMENT, AND

FINANCIAL FLOWS

IN BILLIONS OF DOLLARS
ANNUALS

2A.
1955

I.

1957

ANNUALS

ANNUAL FLOWS

1958

1959

1960

1961

1962

SAVING AND INVESTMENT

1 GROSS NATIONAL SAVING
CONSUMER AND NONPROFIT
2
3
FARM AND NONCORP. BUSINESS
4
CORPORATE NONFIN. BUSINESS
5
U.S. government
STATE AND LOCAL GOVT.
6
7
FINANCIAL SECTORS
8 GROSS NATIONAL INVESTMENT
9
CONSUMER DURABLE GOODS
BUSINESS INVENTORIES
10

11
12
13
14

1956

GROSS PVT. FIXED INVESTMENT
CONSUMER AND NONPROFIT
NONFIN. BUSINESS
FINANCIAL SECTORS

15
NET FINANCIAL INVESTMENT
16 DISCREPANCY <1«8 >

109.3
101.5 108.7
69.1
67.0
61.7
9.9
11.2
12.0
24.9
26.3
29.5
7.0
3.6
.5
3.83.13.11.7
2.0
2.1

103.3
39.6
5.8

108.0
38.5
4. 7

110.7
40.4
1.6

57.9
19.3
38.0
.5

62.7
19.0
43.2
.5

64.6
18.1
45.9
.6

•
2.7-

2.1
.7

4.2
1.4-

119.5
94.5 115.6
116.1
130.2
74.5
73.4
68.9
80.0
86.6
13.4
12.9
11.9
13.1
12.5
35.2
29.7
36.6
25.2
32.1
4.54.3
5.54.77.83.53.04.73.85.21.5
1.7
1.5
2.2
2.3

1
2
3
4
5
6
7

94.3 114.6
43.6
37.3
2.06.6

117.4
44.9
3.5

114.5
43.6
1.8

127.2
48.2
4.9

8
9
10

66.2
22.1
43.4
.7

68.3
21.6
46.0
.6

67.1
20.1
46.4
.7

73.2
21.3
51.3
.7

11
12
13
14

.7
2.2

2.0
1.5

.8
3.0

15
16

58.6
18. 1
39.9
.6

.4
.2

1.72.0

II. FINANCIAL FLOWS SUMMARY
17 NET FUNDS RAISED-NONFI NAN. SECTOR
18 LOANS AND SHORT-TERM SECURITIES
19 LONG-TERM SECURITIES AND MTGS.

37.8
5.2
32.6

29.5
18.2
11.3

32.8
13.1
19.7

42.9
3.5
39.5

53.2
19.7
33.4

36.2
8.0
28.3

47.2
19.4
27.7

58.1
17.6
40. 5

17
18
19

1.25.5
6.21.4
.9
.5
32.6
7.1
2.6
2.4
2.1
25.5
4.6
8.8
8.6
3.5

8.6
1.29.5
2.3
l.l
1.2
32.0
3.3
.2
1.8
1.3
28.7
5.5
8.0
10.1
5.2

8.7
5.5
3.8
.8
.2
.7
43.6
14.7
6.4
5.6
2.7
29.0
4.7
5.3
13.2
5.8

2.15.12.5
2.0
1.4
.7
36.3
11.2
4.5
2.8
3.9
25.2
3.7
5.3
10.4
5.8

7.5
11.3
4. 12.8
1.9
.8
36.9
5.9
1.7
1.9
2.4
31.0
5.0
7.3
11.7
6.9

7.6
2.4
4.9
2.3
1.3
1.0
48.2
13.7
5.8
4.5
3.5
34.5
5. 1
4.8
15.4
9.4

20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

42.9
.1
1.7
3. 1
7.8
5.0

53.2
.7
3.8
3.6
8.8
5.7

36.2
.9
2.4
3. 3
8. 1
6.3

47.2
.3
2.8
2.2
8.7
5.1

58. 1
1.0
3.5
2.5
9.0
5.6

36
37
38
39
40
41

BY SECTOR
20 U.S. GOVERNMENT
SHORT-TERM SECURITIES
21
22
OTHER SECURITIES
23 FOREIGN BORROWERS
24
LOANS
SECURITIES
25
26 PVT. DOMESTIC NONFIN. SECTORS
27
LOANS
CONSUMER CREDIT
28
29
BANK LOANS N.E.C.
30
OTHER LOANS
31
SECURITIES AND MORTGAGES
STATE AND LOCAL OBLIGATIONS
32
CORPORATE SECURITIES
33
34
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
35

37.5
13.0
6.4
5.2
1.4
24.5
3.5
4.8
12.6
3.6

5.87.4
12.91.0
.6
.4
34.3
10.6
3.5
6.1
1.0
23.8
3.2
6.0
10.8
3.8

36 NET SOURCES OF CREDIT (=17)
37
CHG. IN U.S. GOVT. CASH BALANCE
U.S. GOVT. LENDING
38
39
FOREIGN FUNDS
40
PVT. INSUR. AND PENSION RESERVES
41
SOURCES N.E.C.

37.8
.71.5
.8
6.8
4.6

29.5
*
1.2
1.2
7.1
4.2

32.8
.2
2.4

42 PVT. DOMESTIC NONFIN. SECTORS
DEPOSITS AND U.S. GOVT. SECUR.
43
44
DEPOSITS
DEMAND DEP. AND CURRENCY
45
46
TIME AND SVGS. ACCOUNTS
47
AT COMMERCIAL BANKS
AT SAVINGS INSTIT.
48
49
U.S. GOVT. SECURITIES
50
OTHER SECURITIES AND MTGS.
LESS SECURITY DEBT
51

24.8
19.1
11.7
3.2
8.6
1.5
7.0
7.4
6.5
.8

16.0
8.2
10.8
1.4
9.4
2.2
7.2
2.67.7

19.4
10.3
10.7
1.712.4
5.6
6.8
.48.8
.4-

25.3
17.7
20.6
4.9
15.7
7.0
8.7
2.98.5
.9

30.5
23.8
11.0
.5
10.5
2.1
8.4
12.9
6.8
.2

15.3
8.3
14.0
1.015.0
5.4
9.6
5.76.8
.3-

28.2
23.5
24.6
4.5
20.0
8.7
11.4
1.16.0
1.3

36.5
32.2
29.8
1.6
28.3
15. 1
13.2
2.4
4.1
.2-

42
43
44
45
46
47
48
49
50
51

26.9
7.619.5
15.0

21.9
4.217.7
8.3

22.5
.917.7
5.7

37.5
11.3
22.9
3.3

30.6
7.223.2
14.6

34.6
2.9
20.7
11. 1

44.4
8.4
27.4
8.5

51.4
3.9
34.0
13.5

52
53
54
55

4.8
8.2
8.3
5.6

4.8
7.4
8.1
1.6

4.3
7.2
8.4
2.6

17.4
9.3
9.0
1.8

5.0
10.6
10.1
4.9

9.9
9.3
10.2
5.3

17.5
12.0
10.7
4.2

20.4
14.5
11.5
5.0

*56
57
58
59

21.9
1.7
11.1
1.8
2.1
7.3
3.6
3.5
1.8
1.1
1.0
.6.6.7

22.5
2.0
11.4
1.05.5
6.9
2.6
4.4
2.3
1.2
.7
.1
.1
. 3-

37.5
1.5
22.5
5.6
8.0
8.9
3.3
4.4
.5
1.6
.2
1.3.6
4.7

30.6
1.5
10.9
1.4
1.1
8.4
3.6
5.2
6.2
1.8
1.1
3.1
*
3.1

34.6
2.2
15.6
.3
5.8
9.5
3.4
4.7
3.4
1.5
1.5
.2
.5
4.9

44.4
1.7
26.8
5.9
9.4
11.5
3.7
4.9
3.3
2.0
.5
.6
.9
3.0

51.4
2.3
32.1
3.5
15.3
13.3
4.1
5.0
5.6
1.9
.8
2.8
.9
1.3

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

*
7.18.1
.3
.4
»

♦

7.0
3.8

III. FINANCIAL INSTITUTIONS

52 NET FUNDS ADVANCED-TOTAL
U.S. GOVT. SECURITIES
53
54
OTHER SECURITIES AND MTGS.
55
LOANS
BY SECTOR
56 BANKING SYSTEM
57 SAVINGS INSTITUTIONS
58 INSURANCE AND PENSION FUNDS
59 FINANCE N.E.C.
60
61
62
63
64
65
66
67
68
69
70
71
72
73

NET SOURCES OF FUNDS-TOTAL
GROSS SAVING
DEPOSIT CLAIMS
DEMAND DEPOSITS AND CURR.
TIME DEP. AT COML. BANKS
OTHER SAVINGS ACCOUNTS
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT MARKET INSTRUMENTS
INVESTMENT CO. SHARES
CORPORATE BONDS
LOANS
SECURITY CREDIT
OTHER SOURCES, NET




26.9
2.1
11.5
3.0
1.3
7.1
3.3
3.5
5.5
.9
1.4
3.3
.3
.7

50

PRINCIPAL FINANCIAL FLOWS

PRINCIPAL FINANCIAL FLOWS

TABLE 3.

PRINCIPAL FINANCIAL TRANSACTIONS

IN BILLIONS OF DOLLARS
ANNUALS

I.

ANNUAL FLOWS

3A.

1947

1946

1948

1949

1950

ANNUALS

1951

1952

1953

1954

DEMAND DEPOSITS AND CURRENCY

NET INCR. IN BANKING SYSTEM
LIABILITY
1
2
U.S. GOVT DEPOSITS
OTHER
3
4 NET INCREASE IN ASSETS, BY SECTOR
5
U.S. GOVT.
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
STATE AND LOCAL GOVTS.
10
FINANCIAL SECTORS
REST OF THE WORLD
11
DISCREPANCY-U.S. GOVT. CASH
12
13
- OTHER

14.822.37.6
15.422.77. 1
4.2
1.6
.9
.5
.1
.4
.3

3.1
.43.5
2.3
.63.1
.42.5
.7
.3
.3.2
.7

.51.2
1.7.21.2
1.62.0.2.5
.1
.2
.1
.4-

14 NET INCREASE - TOTAL
15 AT COMMERCIAL BANKS-TOTAL
16
CORPORATE BUSINESS
17
STATE AND LOCAL GOVTS.
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT ORGS.

6.5
3.8
.2
•
3.6

3.6
1.4
.2
*
1.2

2.6
.6
.3
•
.3

3.0
.5
.2
.1
.1

20 AT SAVINGS INSTITUTIONS
MEMO - CONSUMER AND NONPROFIT
21 ORGAN.-TOTAL

2.7

2.2

1.9

2.5

6.3

3.4

2.2

2.6

22 TOTAL NET ISSUES
SHORT-TERM DIRECT
23
24
other

22.719.23.6-

7.04.52.5-

6.52.54.0-

2.2
10.4
8.2-

.42.7
3. 1-

.310.910.6

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

NET ACQUISITIONS, BY SECTOR
PVT. DOMESTIC NONFIN. SECTORS
CONSUMERS AND NONPROFIT
SAVINGS BDS. AND POSTAL SVG. DEP.
SECURITIES
CORP. NONFIN. BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
BANKING SYSTEM
MONETARY AUTHORITIES
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
REST OF THE WORLD

22.55.91.1
2.2
1.06.9.215.816.4.915.5.7
1.0
1.2.7-

7.11.6
1.9
2.4
.51.2.9
8.06.3.85.5.1.9—
.8.7-

7.01. 1
.21.2
1.4—
.7
.6
8.55.7.8
6.5. 72.6.6
.4

2.2
3.0
.8
1.2
.42.0
.2
1.1.14.44.4
.1.8.2.3

.43.0
.6. 1.42.9
.7
4.62.71.9
4.5.61. 3. 11.2

.7.3
1.7.8.91.1
.9
.92.4
3.0
.6.92.0.3.1-

40
41
42
43
44

TOTAL NET ISSUES, BY SECTOR
STATE AND LOCAL GOVTS.
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
REST OF THE WORLD

1.9
.11.9
.2
.1-

5.5
1.4
4.0
.2
•

7.9
2.1
5.3
.4
.1

6.9
2.4
4.2
.4
*

6.7
3.0
3.0
.4
.3

8.3
2.1
5.5
.3
.4

10.1
2.8
7.0
.3
.1

10.3
3.9
5.2
1.4

10.1
4.5
5.1
.3
.2

45
46
47
48
49
50
51
52
53
54
55
56

NET PURCHASES
CONSUMERS AND NONPROFIT ORGS.
STATE AND LOCAL GOVTS.
CORP. BUSINESS
COMMERCIAL BANKS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COS. - NET
PURCHASES
NET ISSUES
REST OF THE WORLD

1.9
.5.2*
.4
2.4
.2.1.1.2
.2
.2-

5.5
.5
.1
*
.8
3.9
.1*
•
.1
.2
.2-

7.9
1.7
.4
.1
.1
5.5
. 1-

6.9
.7
.7
.1
1.0
3.8
.3
.4
. 1.2
.3
•

6.7
1.1
.8
.1
1.7
3.4
.3.2.1.2
.3
*

8.3
1.9
.6
.1
1.1
4.5
.2
. 1.2
.4
.1

10.1
2.6
.6
.1
.9
5.5
. 1•
.1.5
.6
*

10.3
2.7
.9
.1
.6
5.6
•
.1
.1.4
.4
,l

10. 1 45
1.1 46
I. 1 47
.2 48
1.6 49
5.8 50
.1--51
. 1 52
.2--53
.4 54
.5 55
.1 56

57 TOTAL NET BORROWING
58
1- TO 4-FAMILY
59
OTHER

6.2
4.4
1.8

7.2
5.2
2.0

7.1
4.9
2.2

6.5
4.3
2.1

10.1
7.6
2.6

9.5
6.5
2.9

9.1
6.8
2.3

9.9
7.6
2.3

12.4 57
9.6 58
2.8 59

60
61
62
63
64
65
66

NET ACQUISITIONS
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE SECTOR
MORTGAGE COMPANIES

6.2
1.5
.42.4
2.0
.5

7.2
1.4
.22.2
2.1
1.5
,l

7. 1
1.3
•
1.4
2.2
2.2
•

6.5
.8
.5
.7
2.2
2.1
.1

10.1
.7
.4
2.0
3.6
3.3
.2

9.5
1.0
.7
1.0
3.6
3.3
.1-

9.1
1.0
.6
1.1
4.3
2.0
.1

9.9
1.1
.5
1.0
5.2
2.1
•

12.4
1.2
.2
1.7
6.2
2.7
.2

67
68
69
70
71
72
73

TOTAL NET BORROWING
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM
REST OF THE WORLD
FINANCIAL SECTORS

5.2
4.6
2.6
1.7
.3
.2
.7

4.5
3.8
2.1
1.4
.3
.3
.6

4.6
4.5
3.2
.8
.6
.1
•

3.1
2.5
.9
1.6
.1
•
.7

.4
.5.4.3
. 72.31.0
.2
.3
#

.1
.3

6.4
.36.7
5.4
.25.5
2.7
1.7
.5
.7
.2
.11. 1

6. 7
.2
6.4
6.5
.1
6.9
2.8
3.0
.4
.6
.5.1
.1

6.2
1.8
4.4
4.6
1.8
2.6
1.7
.3
.5
.1
.2
1.6

1.31.3
.21.51.6
.7
•
.6
.3
.3.2
. 1-

2.7
.3
.1
.2
*

4.9
1.7
.2
.1
1.4

8.1
3.1
.1
.2
2.7

9.2
3.4
.3
.5
2.5

2.4

3.2

5.1

5.8

6.8 20

2.4

4.5

7.7

8.3

9.2 21

4.3
7.0
2.6-

5.1
16.5
11.4-

1.8 22
11.8--23
13.6 24

4. 1
.1
.5.1.2.91.5
2.7
2.6
.9
1.7
. 1.3.5
1.1

4.9
3.4
.2

1.9 25
2.2--26
1.6--27
.3 28
1.9--29
2.3--30
1.7 31
3.9 32
4.6 33
1.0--34
5.6 35
.4--36
.6--37
.2 38
.2 39

«

4.4
1
.3 2
4. 1
3
6. 1 4
.3 5
5.6 6
7
2.3
2.5 8
.4 9
.4 10
. 1 ll
*
12
1.6--13

II. TIME AND SAVINGS ACCOUNTS

10.6
3.8
.2
.5
.6
2.5

14
15
16
17
18
19

III.U.S. GOVT. SECURITIES

IV.

V.

»

.2
1.6
1.6
1.1
1.2
1.2
»
»

•
.1.5

OTHER SECURITIES

»

•
.1
.2
.2-

40
41
42
43
44

MORTGAGES

60
61
62
63
64
65
66

VI. BANK LOANS N.E.C.




51

.5
•
.4
.7.3
.1
.4

1.72.01.7.4.1
.2.4

5.9
4.8
3.1
1.2
.5
.21.0

.9.7•
.3.4.1•

.1 67
.4-68
.7--69
.1 70
.2 71
.4 72
.1 73

PRINCIPAL FINANCIAL FLOWS

PRINCIPAL FINANCIAL FLOWS

TABLE 3.

PRINCIPAL FINANCIAL TRANSACTIONS
IN BILLIONS OF DOLLARS

1955

I.

ANNUAL FLOWS

3A.

ANNUALS

1956

1957

1958

ANNUALS

1960

1961

1962

DEMANO DEPOSITS AND CURRENCY

NET INCR. IN BANKING SYSTEM
LIABILITY
U.S. GOVT DEPOSITS
OTHER
NET INCREASE IN ASSETS, BY SECTOR
U.S. GOVT.
OTHER DOMESTIC SECTORS
CONSUMER AND NONPROFIT
NONFINANCIAL BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
REST OF THE WORLD
OISCREPANCY-U.S. GOVT. CASH
- OTHER

3.0
.73.7
1.6
.62.3
•
1.3
.4
.6
.1•
1.5

1.8
•
1.8
1.9
.21.8
1.1
.3
.2
.2
.2
.1
.2-

14 NET INCREASE - TOTAL
15 AT COMMERCIAL BANKS-TOTAL
16
CORPORATE BUSINESS
17
STATE AND LOCAL GOVTS.
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT ORGS.

8.4
1.3
.1.1.11.7

9.3
2.1
•
. 12.2

20 AT SAVINGS INSTITUTIONS
MEMO - CONSUMER AND NONPROFIT
21 ORGAN.-TOTAL

7.1

7.3

6.9

8.9

8.7

9.4

12.0

14.0

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

1959

1.0.2
l.l.5
.2
.1
1.2.7
.2
.4
.2
•
1.4-

5.6
.1
5.5
6.2
.1
6. 1
2.5
2.7
.2
.7
.1•
.5-

1.4
.7
.7
.4
.7
.31.2
2.2.5
.1
«
•
.9

.3
.9
.6.5
.9
.3.6.5.2
.6
.1•
.1-

5.9
.3
5.7
4.9
.3
4.8
1.6
1.3
.6
1.3
.1»
1.0

3.5
1.0
2.5
5.0
1.1
3.8
5.1
2.1.1.8
.1
.11.4-

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

II. TIME AND SAVINGS ACCOUNTS
12.4
5.5
.4
•
5.2

16.9
8.0
.9
.8
.9
5.3

15.3
5.8
.8
1.4
.3
3.3

20.9
9.4
1.3
.9
.6
6.5

8.4

9.5

11.3

12.8

9.5
1.1
.4.4.93.0

28.6
15.3
2.6
1.0
.3
11.5

14
15
16
17
18
19

11.5

13.3

20

17.8

24.7

21

III.U.S. GOVT. SECURITIES
22 TOTAL NET ISSUES
SHORT-TERM DIRECT
23
24
OTHER

1.1
7.18.1

5.57.4
12.9-

.75.5
6.2-

8.2
1.29.5

9.3
5.5
3.8

2.65.12.5

7.3
11.3
4.1-

7.4
2.4
4.9

22
23
24

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

NET ACQUISITIONS, BY SECTOR
PVT. DOMESTIC NONFIN. SECTORS
CONSUMERS AND NONPROFIT
SAVINGS BDS. AND POSTAL SVG. OEP.
SECURITIES
CORP. NONFIN. BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
BANKING SYSTEM
MONETARY AUTHORITIES
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
REST OF THE WORLD

.8
7.4
2.1
•
2.1
4.2
1.1
7.67.1. 16.9.1
.3.41.1

5.92.6.8
.31.2
4.51.0
4.23.1.2
3.3.1
1.5.2
.8

l.l.4.52.21.7
.4.5
.9—
. 6—
.7.2
.3
.9.2
.2

8.5
2.92.5.71.7-

.411.3
10.4
2.2
8.2
.4
.3
.2
.1

8.7
12.9
7.3
2.09.2
3.8
1.8
7.27.9.3
8.2.5
.2
•
3.0

2.35.73.3.42.82.7.2
2.9
2.7
.7
2.0
.4.41.0
.6

7.8
1.1.9.7
1.6.4.3
8.4
7.4
1.5
5.9
.5
.1.6
.4

7.6
2.4
.7
.3
.4
.3
1.4
3.9
2.2
2.0
.3
.4
.4
.8
1.3

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

40
41
42
43
44

TOTAL NET ISSUES, BY SECTOR
STATE AND LOCAL GOVTS.
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
REST OF THE WORLD

9.6
3.5
4.8
1.4
*

10.6
3.2
6.0
1.0
.4

14.6
4.6
8.8
.7
-5

14.9
5.5
8.0
.2
1.2

11.8
4.7
5.3
1.1
.7

11.1
3.7
5.3
1.5
.7

13.6
5.0
7.3
.5
.8

11.7
5.1
4.8
.8
1.0

40
41
42
43
44

45
46
47
48
49
50
51
52
53
54
55
56

NET PURCHASES
CONSUMERS AND NONPROFIT ORGS.
STATE AND LOCAL GOVTS.
CORP. BUSINESS
COMMERCIAL BANKS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COS. - NET
PURCHASES
NET ISSUES
REST OF THE WORLD

9.6
3.9
1.0
.2
.14.6
•
.3
.4.5
.9
.2

10.6
4.7
1.1
.1
.25.6
1.0.6.3.8
1.1
.3

14.6
4.8
1.6
.1
1. 1
6.5
.2.1
.3.9
1.2
.2

14.9
3.4
2. 1
.5
2.5
6.5
.8.4.41.1
1.6
•

11.8
2.7
1.3
.7
.4
7.0
.4.2
.71.2
1.8
.4

11.1
2.1
2.2
.2.4
7.0
.6.1.51.0
1.5
.3

13.6
2.0
1.9
2.7
7.7
.8.2.61.4
2.0
.4

11.7
.81.4
4.4
7.4
.4.3
.81.1
1.9
.1-

45
46
47
48
49
50
51
52
53
54
55
56

16.2
12.6
3.6

14.6
10.8
3.8

12.1
8.6
3.5

15.3
10. 1
5.2

19.0
13.2
5.8

16.2
10.4
5.8

18.7
11.7
6.9

24.7
15.4
9.4

57
58
59

16.2
1.2
.6
2.4
7.8
3.6
.5

14.6
1.7
.8
1.7
6.7
3.7
.1-

12.1
2.2
1.4
.6
5.7
2.4
.'3-

15.3
2.4
.3
2.1
7.8
2.0
.5

19.0
2.0
2.2
2.5
9.5
2.4
.2

16.2
2.4
1.2
.7
8.8
2.8

18.7
1.6
.6
1.6
11.0
2.7
.6

24.7
3.3
.3
4.0
13.3
3.0
.4

60
61
62
63
64
65
66

8.1
4.5
3.0
1.2
.4
.4
2.4

5.8
5.9
5.3
.6

2.3
2.1
2.0
.2.3
.4
.4-

6.0
4.0
2.6
.7
.7
.4
1.1

67
68
69
70
71
72
73

IV.

V.

OTHER SECURITIES

MORTGAGES

57 TOTAL NET BORROWING
1- TO 4-FAMILY
58
59
OTHER

60
61
62
63
64
65
66

»

NET ACQUISITIONS
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE SECTOR
mortgage COMPANIES

«

VI. BANK LOANS N.E.C.
67
68
69
70
71
72
73

total NET BORROWING
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM
REST OF THE WORLO
FINANCIAL SECTORS




52

«

.4
.6-

1.2
1.4
.4
.5
.6
.5
1.1-

7.5
5.3
3.7
1.0
.7
.2
1.7

2.7
2.7
2.6
.1.2
.1
.3-

2.7
1.6
1.6
.3.3
.7
.1

NOTES TO TABLE 4, SECTOR STATEMENTS

56
Purchases less sales for general govt, and govt, enterprises,
including outlays for tangible capital and (for U.S. Govt.) net
disbursements to farmers in form of CCC direct and guaranteed
loans.
57
Govt, life insurance, employee retirement, and R.R. retirement

Quarterly data are seasonally adjusted totals at annual rates.

^Payrolls, interest, dividends, and income withdrawals from unincorporated business.
Grant and donation receipts of consumers and nonprofit organi­
zations (net of transfers within the sector), social insurance
benefits, and benefits from private pension and govt, retirement
funds.

programs. Excludes social security, which is treated as nonfinan­
cial operation.
■^Mainly on 1- to 4-family and farm properties.

^U.S. Govt., State and local income and estate and gift taxes.
4
Mainly employee contributions to OASI and to private pension
and govt, retirement funds.
^Figures include net operating outlays of nonprofit organiza­
tions and net transfer payments abroad.
^Net of dividends and benefits.
7
'In connection with consumer saving through life insurance,
private pension funds, railroad retirement, and govt, employee re­
tirement.

59
Mainly loans to business sectors, to foreign and State and
local govt, and to savings and loan associations (by FHLB). Ex­
cludes CCC-guaranteed loans other than those on tobacco.
40
Mainly nonconvertible foreign currencies and imputed claims
on monetary authorities connected with net IMF position; see note
69.
41 Includes U.S. Govt, agency debt and accrued interest on

Treasury bills and savings bonds. Excludes debt held by U.S. Govt,
agencies, IMF notes, and currency items in public debt.
42
Direct marketable issues due within one year.

°0n consumer durables, owner-occupied houses, and nonprofit
plant and equipment.
o
Includes net free credit balances with security brokers not
shown separately.
^Includes govt, as well as private.

’Consume r-held only.

’Mainly misc. deposits.
’Excludes employment taxes.

^Includes savings bonds and PSS deposits.

'Receipts of U.S. Govt, grants; payments of direct relief and
other transfers; and receipts and payments in connection with govt,
employee retirement, unemployment insurance, and cash sickness
compensation programs.
^Arising from employee pension programs.

Impolicy loans and hypothecated deposits.
"^Consists of commercial mortgages, bank loans, loans from Govt.,
and trade debt.
tA

Estimated as equal to seasonally adjusted net farm income.
l^Zero by definition; see note 14.
^Includes farm residential construction.
17
Mainly demand deposits and currency.
^Excludes CCC-guaranteed loans. See Aug. 1959 BULL., p. 840.

Corporate bonds and mortgages.
’Trade debt and loans from U.S. Govt.

^Includes payment to Treasury on F.R. notes outstanding.
^^Foreign exchange components are described in note 69.

^Includes misc. and Treasury currency assets not shown sepa­
rately.
54
'Mainly unidentified assets.

19Govt.; excludes CCC nonrecourse loans.
°After inventory valuation adjustment.
^Estimated as equal to seasonally adjusted business net income.

5^Net of F.R. float and cash items in process of collection as
reported by commercial banks.
^Bank-record basis, net of bank float; differs from sector de­

^Includes residential construction equal in amount to line 49
in corporate business table.
^Mainly REA and other loans from U.S. Govt, and loans from
finance companies.
24
U.S. Govt., State and local taxes on profits.
^Includes profits paid by U.S. branches to foreign parent
corporations less profits paid by foreign branches to U.S. parent
corporations.
^Includes change in work in place in 1- to 4-family construc­
tion.
^Direct investments abroad and foreign currency holdings. State
and local securities are included in line 52 but not shown sepa­
rately
28
includes direct investment from abroad not shown separately.
29Mainly commercial paper and loans from finance companies.

mand deposits and currency assets (shown in Table 5 and in nonbank
sector accounts in Table 4) principally because of mail float.
57Mainly floats on interbank deposits and loans and unidentified
liabilities. Includes bank stock issues.
58
Includes premiums on life insurance and private pension plans,
less benefit payments and policy deividends.
59
'In connection with consumer saving through life insurance and
pension funds.
6°Mainly finance company loans to business and insurance policy
loans.
6lTrade credit, time deposits, savings shares, and misc. assets.

62Lines 66, 68, and 69 are finance company liabilities; line 67
is open-end investment company shares.
63,Part of "other loans" category.

^°Lines 1 through 16 of Table 4(E) are derived mainly from
national income data, while lines 17 through 51 are based on data
behind Treasury cash budget; discrepancy (line 52) reflects differ­
ences in treatment between these two sources of information. Since
line 5 is profit-tax payments rather than accruals, line 14 is sur­
plus in national income accounts plus excess of profit-tax receipts
over accruals.
Net cash borrowing in Treasury cash budget corresponds closely
to line 26 less accrual of interest on savings bonds and Treasury
bills included in that line. Cash surplus is closely indicated by
line 19 less net cash borrowing. Lines 20, 25, 50, and 51 are re­
flected in cash outgo in cash budget except for small amounts in­
cluded in receipts. Lines 15 and 25 are imputations reflected in
neither national-income accounts nor cash budget.
^Mainly excise taxes and customs receipts; also includes estate
and gift taxes.
p OASI, disability insurance, and unemployment programs. Line 5
includes U.S. Govt, employment taxes; line 6, U.S. Govt, benefit
payments to consumers.
^Veterans' life insurance and Govt, employee and R.R. retire­
ment funds. Line 7 excludes Govt, contributions to these funds.

64
Deposits at banks in U.i possessions and agencies of foreign
banks.
^Lines 2, 5» and 4 are exports, imports, and net transfers from
Govt, in national income accounts.
6^Net foreign investment in national income accounts with oppo­
site sign.

'Corporate securities and acceptances.
68,
3
Direct investments, unidentified assets, and misc. deposits.
«9„.
'Official foreign currency holdings and net IMF position of
U.S. IMF position consists of U.S. capital subscription less IMF
holdings of special U.S. Govt, notes and deposits with Federal
Reserve.
^Security credit, bank loans n.e.c., and other loans (consist­
ing of loans from U.S. Govt, and acceptances).
71 Direct investments, foreign currency and deposits held by
U.S. domestic sectors, and other liabilities.
72
"Errors and omissions" in U.S. balance of payments statements.
Note.—"Liabilities" covers equity as well as debt claims.
For descriptions of sectors, of capital expenditures, and of
financial transaction categories, see "Technical Notes," Aug. 1959
BULL., pp. 846-59; for discussion of saving and investment concepts
see p. 854.

^Transfer payments (other than insurance benefits) to individ­
uals, plus net cash unilateral transfers to foreign countries.
Grants-in-aid to State and local govts, and subsidies to business.
^Includes net accruals on savings bonds and Treasury bills.




Other holdings in line 28.

^CCC-guaranteed bank loans and CCC certificates of interest.

53

CONSUMER

CONSUMER

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

IN BILLIONS OF DOLLARS

ANNUALS

4A.

1946

1947

1948

ANNUAL FLOWS

1949

1950

ANNUALS

1951

1952

1953

1954

(A) CONSUMER AND NONPROFIT OR GANIZATIONS
l
2
3

4
5
6

7

CURRENT RECEIPTS
INCOME RECEIPTS 1
TRANSFER RECEIPTS 2

TAXES AND OTHER DEDUCTIONS
TAXES LESS TAX REFUNDS 3
PENSION AND OASI DEDUCTIONS 4

CUR. RECEIPTS AFTER DEDUCT.

(1-4 J

177.9
166.6
11.2

190.1
178.5
11.6

208.7
197.5
11. 1

206.2
194.0
12.2

224.0
211.7
12.3

254.5
242.6
11.9

271.0
258.1
12.9

285. 7
271.7
14.0

287.5
271.3
16.1

I
2
3

21.0
18.7
2.3

24.1
21.5
2.7

24. 1
21.1
3.0

21.7
18.6
3.1

24.8
20.7
4. 1

34.2
29.1
5.1

40.3
34.2
6.1

42.2
35.6
6.5

40.2
32.8
7.4

4
5
6

156.9

166.0

184.6

184.5

199.2

220.2

230. 7

243.6

247.3

7

126.9
2.7
27.3
5.8
11.7
21.4
33.1

140.1
2.7
23.1
5.8
15.0
14.0
29.0

150.4
2.7
31.5
5.8
18.0
19.3
37.3

151.1
2.5
30.9
6.6
20.0
17.4
37.5

158.7
•
40.5
6.7
22.8
24.4
47.3

173.5
2.3
44.4
7.2
26.9
24.7
51.5

183.3
2.8
44.6
7.7
28.5
23.8
52.3

191.7
2.9
48.9
7.8
29.3
27.3
56.7

196.9
3.0
47.3
7.9
31.5
23.6
55.2

8
9
10
11
12
13
14

8
9
10
II
12
13
14

CUR. EXPEND. FUR GOODS AND SERV. 5
NET LIFE INSURANCE PREMIUMS 6
CURRENT SURPLUS (7-8-9)
INSURANCE AND RETIREMENT CREDITS 7
CAPITAL CONSUMPTION 8
NET SAVING (10+11-12)
GROSS SAVING (12+13)

15
16
17
18
19

GROSS INVESTMENT (16+20)
CAPITAL EXPEND. (NET UF SALES)
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOODS
PLANT AND EQUIPMENT (NONPROFIT)

36.6
20.1
3.8
15.9
.5

33.7
27.4
6.3
20.6
.6

39.0
33. 1
9.4
22. 7
.9

36.8
34.0
8.2
24.6
1.2

48.5
43.7
11.9
30.4
1.4

53.3
43.2
12.2
29.5
1.5

52.4
42.3
11.8
29.1
1.4

57. 1
47.2
12.8
32.9
1.5

56.3
47.8
13.5
32.4
1.9

15
16
17
18
19

20
21
22
23
24
25

NET FInAN. INVESTMENT (21-35)
NET ACQUIS. OF FINAN. ASSETS 9
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
Al COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

16.4
20.3
4.2
6.3
3.6
2.7

6.3
13.7
.43.4
1.2
2.2

5.9
13.9
2.02.2
.3
1.9

2.8
10.4
2.32.6
.1
2.5

4.8
17. 1
2.7
2.4
•
2.4

10. 1
18.5
2.8
4.5
1.4
3.2

10.0
22.0
1.7
7.7
2.7
5.0

9.8
22.2
.7
8.3
2.5
5.7

8.5
20.3
2.3
9.2
2.5
6. 7

20
21
22
23
24
25

26
27

LIFE INSURANCE RESERVES 10
PENSION FUNO RESERVES 10

4.3
1.6

3.8
2.0

3.4
2.4

3.5
3.0

3.7
3.0

3.5
3.6

3.2
4.5

3.2
4.6

3.1 26
4.8 27

28
29
30
31
32
33

CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES 11
STATE ANU LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK
MORTGAGES

2.2
1.1
.21.2.9
1.5

3.8
1.9
.4
.dl .0
1 .4

2.8
.21.0
. 31.1
1.3

2.4
.8
.5
.5.7
.8

1.2
.6.4
. 41.1
.7

l.l
1.7.4
.31.8
1.0

3.0
.51.1
.21.6
1.0

4.0
.2
1.6

. 7 28
1.6--29
.8 30
.6--31
.8 32
1.2 33

2.5

34

NET INVEST. IN NONCORP. BUS.

1.5

.9

35
36
37
38
39
40
41

Net

3.9
4.0
6.6
4.0
2.7

7.5
7.5
7.9
4.6
3.2
.1
.4-

42

43

increase

in liabilities

CONSUMERS
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 12
SECURITY CREDIT
NONPROFIT ORGAN I 2AT I ONS13

DISCREPANCY (14-15)




»

2.7-

. 1-

. 1-

3.5-

4.7-

54

4. 7

1.0

3.5

7.9
7.7
8.0
4.9
2.8
.2
. 3-

7.7
7.6
7.3
4. 1
2.9
.2
.3

12.4
12.0
11.3
6.9
4.1
.3
.7

8.4
8.3
8.5
6.9
1.2
.3
.2-

.3

.1

.4

.1

1.7-

.7

1.2-

1.7-

»

1.1
1.1

1.5

1.1

12.0
11.7
11.5
6.6
4.8
.1
.2

12.3
12.2
11.8
7.6
3. 9
.3
.5

.3

.1

.1-

.4-

.5--34

11.8
11.5
10.4
9.0
l.l
.3
1. 1

35
36
37
38
39
40
41

.4 4?
1.1--43

CONSUMER

CONSUMER

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS
IN BILLIONS OF DOLLARS

4A.

ANNUALS
1955

1956

1957

ANNUALS

ANNUAL FLOVlS

1958

1959

1960

1961

1962

(A) CONSUMER AND NONPROFIT ORGANIZATIONS
1
2
3

4
5
6
7

CURRENT RECEIPTS
INCOME RECEIPTS I
TRANSFER RECEIPTS 2
TAXES
AND OTHER DEDUCTIONS
TAXES LESS TAX REFUNDS 3
PENSION AND OASI DEDUCTIONS 4
CUR. RECEIPTS AFTER DEDUCT.

(1-4)

307.9
290.3
17.6

330.6
311.5
19.0

349. 3
327. 1
22.2

357.7
330.9
26.8

381.4
353.2
28. 1

399.2
368.8
30.4

415.0
380.5
34.5

440.8
404.6
36.2

1
2
3

43.8
35.5
8.3

48.9
39.8
9.1

52.9
42.4
10.5

52.9
42. 1
10.8

58.7
46.4
12.2

64. 7
51.0
13.6

66.6
52.6
14.1

72.3
57.3
15.0

4
5
6

264. 1

281.6

296.4

304.8

322. 7

334.6

348.4

368.5

7

207.7
3.3
53.0
8.7
33.9
27.8
61.7

220.7
3.5
57.4
9.6
36.9
30.1
67.0

233.2
3.4
59.8
9.3
40.0
29. 1
69. I

243.3
3.2
58.3
10.6
41.6
27.3
68.9

256. 1
3.7
63.0
11.5
43.5
31.0
74. 5

268.5
3.6
62.5
10.9
45.5
27.9
73.4

277.7
3.2
67.5
12.6
46.9
33.1
80.0

291. 1
3.6
73.9
12.7
48.5
38.0
86.6

8
9
10
11
12
13
14

GROSS INVESIMENT (16+20)
CAPITAL EXPEND. (NET OF SALES)
RESIDENTIAL CONSTRUCTION
CUNSUMER DURABLE GOODS
PLANT AND EQUIPMENT (NONPROFIT)

63.4
59.0
17.3
39.6
2.0

69.3
57.6
16.9
38.5
2.1

73.6
58.5
15.6
40.4
2.5

73.5
55.4
15.3
37.3
2.7

78.0
65. 7
19.2
43.6
2.9

73.6
66.5
18.4
44.9
3.2

83.1
63.7
16.7
43.6
3.4

91.0
69.5
17. 7
48.2
3.6

15
16
17
18
19

NET FINAN. INVESTMENT (21-35)
NET ACQUIS. OF FINAN. ASSETS 9
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
at savings institutions

4.4
25.0
«
8.7
1.7
7.0

11.7
27.0
1. 1
9.4
2.2
7.2

15.2
27. I
1.212.0
5.2
6.8

18.2
30.3
2.5
14.0
5.3
8.7

12.3
33.0
1.2
11.3
3.0
8.4

7.0
23.4
.612.8
3.3
9.6

19.4
35.1
1.6
17.8
6.5
11.4

21.5
43.4
5. 1
24. 7
11.5
13.2

20
21
22
23
24
25

3.8
7.7

3.5
7.4

3.8
8.8

4.2
8.5

26
27

1.2
3.31.7
.1
.3
2.4

2.6
.91.0
*
.9
1.6

3.2
.7
.5.5
.93.3

28
29
30
31
32
33

8
9
10
11
12
13
14

CUR. EXPEND. FUR GOODS AND SERV. 5
NET LIFE INSURANCE PREMIUMS 6
CURRENT SURPLUS (7-8-9)
INSURANCE AND RETIREMENT CREDITS 7
CAPITAL CONSUMPTION 8
NET SAVING (10+11-12)
GROSS SAVING (12+13)

15
16
17
18
19

20
21
22
23
24
25
26
27

LIFE INSURANCE RESERVES 10
PENSION FUND RESERVES 10

3.2
5.5

3.8
5.8

2.8
6.5

3.3
7.2

28
29
30
31
32
33

CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES 11
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK
MORTGAGES

7.3
2. 1
1.7
1.0
1.2
1.2

7.2
.8
1.6
I .0
2.1
1.7

6.5
. 52. 1
1.0
1.7
2.2

3.4
2.5.9
.5
2.1
2.4

INVEST.

IN NONCORP. BUS.

34

NET

35
36
37
38
39
40
41

NET INCREASE IN LIABILITIES
CONSUMERS
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 12
SECURITY CREDIT

42
43

NONPROFIT ORGANIZATIONS 15

DISCREPANCY (14-15)




.5-

•

20.6
19.6
18.9
12.3
6.4
.2
.7

1.0
1.6-

55

15.3
14.8
14.8
11.0
3.5
.3
•

.2

11.9
11.4
11.8
8.7
2.6
.4
.4-

.6-

12.1
11.3
10.2
9.6
.2
.4
1.2

1 1.9
7.3
1.7
*
1.0
2.0

3.1-

20.7
20.0
20.0
13.1
6.4
.5
•

.5

.5

.8

.7

2.3-

4.5-

4.6-

3.5-

1.4-

.2

2.6-

34

16.4
15.9
16.0
10.8
4.5
.7
. 1-

15.8
15.1
13.8
11.5
1.7
.6
1.3

21.9
20.8
21.0
14.7
5.8
.5
. 1-

35
36
37
38
39
40
41

1.1

42

4.4-

43

.5
.2-

.7
3.0-

BUSINtSS

BUSINESS

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DULLARS

4A.

ANNUALS

1947

1946

1948

ANNUALS

ANNUAL FLOWS

1949

1950

1951

1952

1953

1954

(8) FARM BUSINESS

15.3
15.3

15.5
15.5

17.8
17.8

12.9
12.9

14.0
14.0

16.3
16.3

15.3
15.3

13.3
13. 3

12.7
12.7

1
2

1.2
1.2

1.6
1.6

2.1
2. 1

2.4
2.4

2.8
2.8

3.2
3.2

3.4
3.4

3.6
3.6

3.6
3.6

4
5

GROSS INVESTMENT (7-10)
CAPITAL EXPENDITURES
CONSTRUCTION AND EQUIPMENT 16
CHANGE IN INVENTORIES

1.2
1.9
1.9
*

1.6
1.6
3.3
1.8-

2.1
6.0
4. 3
1.7

2.4
3.7
4.5
.9-

2.8
5.5
4.6
.8

3.2
6.2
5.0
1.2

3.4
5.6
4.7
.9

3.6
4.1
4.7
.6-

3.6
4.7
4.2
.5

6
7
8
9

10
11
12
13
14
15
16
17
18

NET FINANCIAL INVESTMENT (11-12)
NET ACQUIS. OF FINAN. ASSETS 17
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C. 18
OTHER LOANS 19
TRADE DEBT
PROPRIETORS- NET INVESTMENT

1.3
.4
.1
.3
*
.1
.8

3.9—
.23.7
.6
.2
.3
.1
.3
2.8

1.2.3.9
.4
.3
.1
♦
.2
.2

2.7*
2.8
1.0
.5
.5
.I
.2
1.5

2.9.3
3.2
1.3
.6
.6
. I
.3
1.6

2.2*
2.1
.7
.6
.1
.1
.2
1.2

19
20
21
22
23

NET INCOME 20
PROPRIETORS- INCOME WITHDRAWALS 21
NET SAVING (19-20) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (21+22)

24
25
26
27

1
2
3
4
5

NET INCOME
PROPRIETORS INCOME WITHDRAWALS 14
NET SAVING ( 1-2) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (3+^)

6
7
8
9

.7-

.6

*
•
.5
.2
.3
•
.2
.7-

(C)

.5*
.5
»

.5
.4*
. 1.5

1.1-•10
.1- 11
1.0 12
.8 13
.5 14
.2 15
. 1 16
*
17
. 1 18

NONCORPORATE NONFINANCIAL BUSINESS

25.2
25.2

24.3
24.3

27.3
27.3

28.0
28.0

29.2
29.2

31.9
31.9

33.1
33.1

33.5
33.5

33.8 19
33.8 20

2.9
2.9

3.6
3.6

4.2
4.2

4.7
4.7

5. 1
5.1

5.8
5.8

6. 1
6.1

6.5
6.5

6.7 22
6.7 23

GROSS INVESTMENT (25+28)
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT 22
CHANGE IN INVENTORIES 20

2.9
5.2
4.8
.4

3.6
6.4
6.4
.1

4.2
6.8
5.9
.9

4.7
5.7
6.2
.5-

5. 1
9.1
8.0
1.2

5.8
7.4
6.9
.5

6.1
7.1
7.2
.1-

6.5
8.0
7.7
.3

6.7 24
8.1 25
8.3 26
.2--27

28
29
30
31
32
33
34
35
36
37
38

NET FINANCIAL INVESTMENT (29-32)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
UTHER LOANS 23
TRADE DEBT, NETtDEBT LESS ASSET)
PROPRIETORS- NET INVESTMENT

2.3.5

2.8.8
.4
.3
3.7
3.0
1.1
1.4
.5
1.01 .6

2.6.3
.2.4
2.9
.6
.9
.7.4
.4
1.9

1.1.7
.4
.3
1.8
.9
1.0
.4.3
.2
.7

4.0.8
.2
.5
4.8
3.1
1.3
1.2
.6
.32.0

1.71.5
1.0
.3
3.2
3.0
1.8
.8
.5
.8.9

.9.3
.3.4
1.2
1.9

1.5.3
. 1.2
1.8
.7
.8
. 3.2
.5
.5

1.4-•28
.8 29
.5 30
. 1 31
2. 1 32
1.7 33
1.3 34
. 1 35
.3 36
1. 1 37
.6--38

39

PROFITS

40
41
42
43
44

»

.3
2.7
3.2
.9
1.7
.5
1.2.7

#

1.6
.3
1.0.3

(D) CORPORATE NONFINANCIAL BUSINESS
39
40
41
42
43
44

PROFITS TAX PAYMENTS NET 24
NET DIVIDEND PAYMENTS 25
NET SAVING (39-40-41)
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (42+43)

15.7
10.0
5.0
.7
5.0
5.7

21.9
8.3
5.4
8.1
6.2
14.2

28. 3
10.9
6.0
11.4
7.4
18.8

25.4
11.7
6.2
7.5
8.2
15.7

32.5
9.4
7.7
15.4
9. 1
24.5

37.3
16. I
7.2
13.9
10.5
24.5

33.7
21.6
7.2
4.9
11.9
16.8

33.0
18. 1
7.4
7.4
13.6
21.0

29.2
18.9
7.6
2.7
15.2
17.9

45
46
47
48
49
50

GROSS INVESTMENT (46+51)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION 26
CHANGE IN INVENTORIES 20

6. 1
16.8
10.8
10.3
.5
6.0

13.4
16.4
15.1
14.5
.6
1.2

16.3
19.6
17.6
17.2
.4
2.1

15.4
13.8
15.6
14.9
.7
1.7-

23.9
21.7
16.9
15.8
1. 1
4.8

24.2
28.7
20.2
20.0
.2
8.6

16.6
23.6
21.4
20.9
.5
2.2

20.0
23.7
22.9
22.4
.5
.8

18.4 45
20.2 46
22.2 47
21.2 48
.9 49
1.9--50

51
52
53
54
55
56
57
58
59
60

NET FINANCIAL INVESTMENT (52-61)
NET ACQUIS. OF FINAN. ASSETS
LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
CONSUMER CREDIT
OTHER LOANS (FINANCEPAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS
27

10.72.05.81.1
6.9.6
.1
2.7
.4

3.44.9
.9
.2
.7
.5
.2
2.3
.9

1.6
3.7
3.0
1.1
2.0
.4
.2
.8.8

2.3
16.3
4.3
1.5
2.9
.8

10.3
.8

2.1
3.6
2.9
1.3
1.0
1.7. 1
1.6-

14.0
7.8
1.6
1.4
1.4
3. 1
.3
6.1

12.4
9.0
3.3
2.2
.1
3.2
.3
3.4

12.1
9.9
4.7
2.3
1.9
.9
.2
2.2

.6
16.9

.3
21.3

.2
18.0

61
62
63
64
65
66
67
68
69
70

20

NET INCREASE IN LIABILITIES 28
CREDIT AND EQUITY MARK-ET INSTR.
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 29
TRADE DEBT
DISCREPANCY (44-45)
MEMO —PROFITS TAX ACCRUALS 24




2.97.9
1.0
2.2
1.2.6
.1
5.1
1.0

8.8
5.8
.9
1.0
1.1
2.6
.2
3.0

10.9
7.5
2.8
1.2
1.2
2.1
.2
3.4

8.2
6.9
4.2
1.0
1.0
.4
.2
1.3

.4
8.7

.8
10.9

2.6
XI.8

56

.3
9.5

»

4.57.9
2.9
1.8
1.1
.5
.3
3.5
.7

7.05.1
.1.8
.9.8
.3
3.0
1.1

3.62.3
1.7
. 1
1.6
.2
.2
.8.9

1.9--51
4.4 52
.1--5 3
2.1 54
.2 55
2.3--56
.3 57
.2--58
3.5 59
.7 60

6.0
6. 1
3.4
1.8
.9
•
.1
. 3-

6.3 61
5.8 62
3.5 63
1.6 64
1.4 65
.7--66
*
67
.4 68

1.0
18.6

.5-69
15.5 70

BUSINESS

BUSINESS

TABLE 4.

SECTOR STATEMENTS OF SUURCES AnO USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

4A.

ANNUALS

ANNUALS

ANNUAL FLOWS

1958

1955

1956

1957

11.8
11.8

11.6
11.6

11.8
11.8

13.5
13.5

3.7
3.7

3.7
3.7

3.9
3.9

1959

1960

1961

1962

11.4
11.4

12.0
12.0

12.8
12.8

13.3
13.3

I
2

4.0
4.0

4.2
4.2

4.2
4.2

4.1
4. 1

4.2
4.2

4
5
6
7
8
9

(B) FARM BUSINESS
1
2
3
4
5

NET INCOME
PROPRIETORS INCOME WITHDRAWALS 14
NET SAVING (1-2) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GRUSS SAVING ( 5+4)

6
7
8
9

GROSS INVESTMENT (7-10)
CAPITAL EXPENDITURES
CONSTRUCTION AND EQUIPMENT 16
CHANGE IN INVENTORIES

3.7
4.5
4.2
.3

3.7
3.4
3.8
.4-

3.9
4.7
4.0
.8

4.0
5.4
4.4
.9

4.2
4. 7
4.6
.1

4.2
4.5
4.2
.3

4.1
4.9
4.7
.2

4.2
4.8
4.7
.1

10
11
12
13
14
15
16
17
18

NET FINANCIAL INVESTMENT (11-12)
NET ACQUIS. OF FINAN. ASSETS 17
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C. 18
OTHER LOANS 19
TRADE DEBT
PROPRIETORS- NET INVESTMENT

.8*
.8
1.2
.8
.4

.3
.1.5.9
.8
»
.1
.1
1.4-

.8*
.8
1.1
.6
.3
.2
•
.3-

1.4.3
1.7
1.5
.7
.6
.2
.2
•

.6• 3.2
1.8
.9
.7
.2
.2
1.7-

.4.2.2
1.2
.9
.2
.1
.1
1.2-

.8*
.8
1.7
1.1
.3
.2
.1
1.0-

.6*
.7
2.2
1.3
.7
.3
.3
1.9-

19
20
21
22
23

NET INCOME 20
PROPRIETORS- INCOME WITHDRAWALS 21
NET SAVING (19-20) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (21+22)

36. 1
36.1

37.8
37.8

38.6
38.6

38.3
38.3

40.8
40.8

40.1
40. 1

40.9
40.9

42.1
42.1

19
20

7.0
7.0

7.5
7.5

8. 1
8.1

8.0
8.0

8.3
8.2

8.7
8.7

8.4
8.4

9.0
9.0

22
23

24
25
26
27

GROSS INVESTMENT (25+28)
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT 22
CHANGE IN INVENTORIES 20

7.0
10.3
9.8
.6

7.5
10.0
9.8
.2

8.1
9.6
9.4
.2

8.0
8.7
9.0
.2-

8.2
11.1
10. 7
.4

8.7
11.4
10.9
.5

8.4
12.1
11.3
.8

9.0
13.9
13.1
.9

24
25
26
27

28
29
30
31
32
33
34
35
36
37
38

NET FINANCIAL INVESTMENT (29-52)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 23
TRADE DEBT, NETIDEBT LESS ASSET)
PROPRIETORS- NET INVESTMENT

1.51. 1
.8
.1
2.7
1.6
1.3
.2.6
.5
.5

.81.0
.9
•
1.8
2.9
2.3
.5
.2
. 5.6-

#

.1
.5-

(C)

3.3.6
.3
.2
3.9
3.4
1.4
1.2
.8
.1
.5

10
11
12
13
14
15
16
17
18

NONCORPORATE NONFINANCIAL BUSINESS

2.5.7
.3
.3
3.2
2.2
1.2
.6
.4
.2
.8

2.9.4.8.2
2.5
4. 1
2.3
1.0
.9
.31.3-

2.6.1
.3.2
2.8
3. 1
2.1
. 11.1
.1.2-

3.7.5
. 1
.2
4.2
3.0
2.8
.3.5
•
1.2

5.0.5
.4
5.5
5.6
4.0
.7
.9
.7
.7-

28
29
30
31
32
33
34
35
36
37
38

(D) CORPORATE NONFINANICIAL BUSINESS
39
40
41
42
43
44

PROFITS 20
PROFITS TAX PAYMENTS NET 24
NET DIVIDEND PAYMENTS 25
NET SAVING (59-40-41)
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (42+45)

38.3
17.7
8.7
11.8
17.7
29.5

37.0
22.1
9.3
5.5
19.3
24.9

36.1
21.4
9.5
5.2
21.2
26.3

31.4
18.9
9.3
3. 1
22.1
25.2

40.8
18.7
10.4
11.6
23.6
35.2

37.5
21.4
11.2
5.0
24.8
29.7

36.9
19.6
11.4
6.0
26.1
32.1

39.5
20.6
12.4
6.5
30. 1
36.6

39
40
41
42
43
44

45
46
47
48
49
50

GRUSS INVESTMENT (46+51)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION 26
CHANGE IN INVENTORIES 20

27.5
29.0
24.0
23.3
.7
4.9

21.7
34.4
29.5
29.1

25.3
33.1
32.5
31.8
.7
.6

21.2
23.9
26.5
25.2
1.4
2.6-

32.1
34. 1
28.0
26.4
1.6
6. 1

26.5
33.6
30.9
2 9.6
1.3
2.7

28.3
31.1
30.4
28.2
2.2
.7

34.0
37.5
33.5
30.7
2,8
4.0

45
46
47
48
49
50

51
52
53
54
55
56
57
58
59
60

NET FINANCIAL INVESTMENT (52-61)
NET ACQUIS. OF FINAN. ASSETS
LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DtPUSITS
U.S. GOVT. SECURITIES
CONSUMER CREDIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 27

1.416.4
5.1
1.0
. 14.2
.7
.1
9.6
.7

12.74.2
4.3.2
4.5.4
.1
5.7
2.2

2.711.0
2.4
1.5
.9
•
.5

2.012. 3
2.4
1.0. 43.8
.8
.5
6. 1
1.9

17.8
9.7
2.8
2.0
1.6
3.0
.3
8.0

16.9
12.8

2.0
20.2

3.1
19.6

61
62
63
64
65
66
67
68
69
70

NET INCREASE IN LIABILITIES 28
CREDIT AND EQUITY MARKET INSTR.
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 29
TRADE DEBT
DISCREPANCY (44-45)
MEMO —PROFITS TAX ACCRUALS 24




57

.4

4.9

5.1
2.3
1.4
5.3
.1
3.9

7.84. 1
.4•
.4.2
.3
1.5
2.5

♦

6.1
1.5

7.15.1
1.9•
.8
2.7.2
.6
4.2
2.2

2.912.0
2.2
1.3
1.3
.4.1
.1
7.7
2.0

3.59.6
.8
2.12.6
.3
1.1
.8
5.1
1.9

51
52
53
54
55
56
57
58
59
60

11.9
12.8
6. 3
2.4
1.4
2.0
.6
1.0-

13.7
11.0
5.7
2.3
2.5
.4
.2
2. 7

14.3
12.1
3.0
2.3
2.5
3.7
.7
2. 1

12.2
11.7
3.5
1.8
2.2
2.6
1.5
.4

14.9
12.6
4.6
2.7
3.0
1.6
.7
2.2

13. 1
12.8
4.2
.5
4.4
2.6
1.1
. 1

61
62
63
64
65
66
67
68

1.0
18.9

4.0
16.2

3. 1
20.7

3.3
19.2

3.8
19.2

2.6
19.5

69
70

GOVERNMENT

GOVERNMENT

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

4A.

ANNUALS

1946

1947

ANNUALS

ANNUAL FLOWS
1950

1951

1952

1953

1954

(E) U.S.. GOVERNMENT 30
38.0
36.9
36.2
52.2
16.1
18.1
26.2
19.0
10.9
11.9
16.6
9.8
9.5
8.1
8.2
9.0

63.7
31.0
22.2
10.5

62.3
32.2
18.9
11.2

58.9
29.0
19.9
10.1

1
2
3
4

1948

1949

35.1
17.2
10.0
7.9

35.8
19.6
8.3
7.9

4.3
1.5

3.8
1.3

3.3
1.4

3.6
2.5

4.5
2.4

5.5
2.7

5.9
3.2

5.9
4.0

6.6
5.8

5
6

7
8

TAX RECEIPTS (NET OF REFUNDS)
INDIVIDUAL INCOME
CORPORATE PROFITS
OTHER 31
SOCIAL INSURANCE PROGRAMS 32
PREMIUMS RECEIVED
BENEFITS PAIO
LIFE INSUR. ♦ RETIREMENT PROGRAMS 33
PREMIUMS RECEIVED
BENEFITS PAID

1.2
.8

1.3
.8

1.3
.9

1.3
1.0

1.4
3.7

1.5
1.6

1.5
1.5

1.5
1.6

1.5
1.7

7
8

9
10
11
12
13
14
15
16

NET GRANTS AND DONATIONS PAID 34
NET INTEREST PAID 35
NET PURCHASES OF GOODS ♦ SERVICES 36
CONSTRUCTION EXPENDITURES
OTHER
CURRENT SURPLUS (1+5+7-6-8 THROUGH 11)
CREDITS IMPUTED TO CONSUMERS 37
GROSS AND NET SAVING (14-15)

8.3
4.2
22.2
.9
21.3
3.6
1.5
2.0

8.6
4.2
16.2
1.0
15.3
9.8
1.4
8.3

9.0
4.3
20.0
1.2
18.8
7.1
1.0
6.0

10.7
4.4
23.0
1.5
21.5
.5l.l
1.6-

9.9
4.5
20.5
1.6
18.9
1.8
1. I
.7

8.9
4.7
40.0
3.0
37.1
1.3
.9
.4

8.3
4.7
53.9
4.2
49.7
.51.0
1.5-

8.5
4.8
58.8
4.2
54.7
8.0.6
8.6-

8.4 9
5.0 10
48.7 11
3.4 12
45.3 13
2.5-■14
.1 15
2.7-•16

17
18
19
20
21
22
23

NET FINAN. INVESTMENT (18-24)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS ♦ CURRENCY
CREDIT MARKET INSTRUMENTS
MORTGAGES 38
OTHER LOANS 39
OTHER FINANCIAL ASSETS 40

2.2
21.522.72.6
.43.1
1.4-

9.9
3.2
.64.2
.24.4
.4-

7.9
3. 1
1.2
1.6
•
1.6
.3

1.32.0
.3
1.3
.5
.8
.3

•
1.2
.21.2
.4
.9
.2

.2
2.6
.1
1.5
.7
.9
1.0

1.34.6
1.8
1.7
.6
1.1
1.1

8.41.21.5.5
.5
.1
.2-

2.0-■17
.2 18
.3 19
.3-•20
.2 21
.4-•22
.1 23

23.71.5
22.719.25.82.2
.22.3-

6.71.4
7.04.54.92.4
•
l.l-

4.81.0
6.5—
2.55.21.2
.8
.2-

3.3
1.1
2.2
10.4
9.41.2
.1
.2-

1.2
l.l
.42.7
2.9.1.61.1

2.4
.9
.310.911.5
.8.11.9

5.9
1.0
4.3
7.0
2.5;i.4
.1

7.2
.6
5.1
16.5
11.4•
1.5
•

2.1 24
.1 25
1.8 26
11.8-•27
13.3 28
.3 29
.1 30
.1 31

.2-

1.5-

1.8-

.3-

.2-

.2-

.7-•32

1
2
3
4
5
6

24
25
26
27
28
29
30
31
32

NET INCREASE IN LIABILITIES
LIFE INSURANCE AND RETIREMENT RESERVE
U.S. GOVT. SECURITIES 41
SHORT-TERM DIRECT 42
OTHER SECURITIES
SVGS. BONDS.43
OTHER LOANS 44
OTHER LIABILITIES 45
DISCREPANCY

(16-17)

.7

.2

(F) STATE AND LOCAL. GOVERNMENT

33
34
35
36
37
38
39
40
41
42

TAX RECEIPTS 46
NET INSURANCE AND GRANTS RECEIPTS 47
NET INTEREST PAID
NET PURCHASES OF GOODS ♦ SERVICES 36
CONSTRUCTION AND LAND
OTHER BY GOVT. ENTERPRISES
OTHER BY GENERAL GOVERNMENT
CURRENT SURPLUS (33+3^-35-36)
CREDITS IMPUTED TO CONSUMERS 48
GROSS AND NET SAVING (40-41)

43
44
45
46
47
48
49
50

NET FINANCIAL INVESTMENT (44-51)
NET ACQUIS. OF FINAN. ASSETS
DEMANO DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
OTHER 49

51
52
53
54
55
56
57

NET INCREASE IN LIABILITIES
STATE AND LOCAL OBLIGATIONS
SHORT-TERM
OTHER
EMPLOYEE RETIREMENT RESERVES
OTHER LIABILITIES 50
DISCREPANCY (42-43)




11.4
•
.3
9.3
1.5
.88.5
1.8
.4
1.4

13.0
.1
.3
12.1
2.7
.810.2
.8
.2
.6

15.1
.2.3
14.7
3.9
.811.6
.1.5
• 6—

16.6
.2
.3
17.3
5.2
.913.0
.8.8
1.7-

18.0
.1.3
19.1
5.7
1.014.3
1.5.7
2.3-

19.8
.6
.3
21.0
6.9
l.l15.3
.8.8
1.6-

21.6
.7
.3
22.4
7.1
1.216.5
.3.9
1.3-

23.2
1.0
.3
24.1
7.7
1.317.6
.21.2
1.3-

24.6 33
1.1 34
.4 35
26.9 36
9.1 37
1.4--38
19.2 39
1.5--40
1.3 41
2.8--42

.2
•6
.9
.2
• 4—
.2.2•

.2
1.9
.7
.2
1.0
.9
.1
.1

1.11.8
.5
.3
1.0
.6
.1
.2

1.91.4
.2
.2
1.0
.2
.5
.2

1.82.1
.5
.1
1.5
.7
.5
.3

1.12.1
•4
.2
1.5
.9
.2
.4

1.42.7
.5
.1
2.2
1.5
.2
.4

1.33.5
.6
.3
2.5
1.6
.3
.6

1.8--43
3.7 44
.4 45
.5 46
2.9 47
1.7 48
.3 49
.9 50

.4
.1.2
.3.4
.1

1.7
1.4
.1
1.3
.2
.2

2.8
2.1
.1
2.0
.5
.2

3.2
2.4
.1
2.2
.8
•

3.9
3.0
.2
2.8
.7
.2

3.2
2.1
•
2.1
.8
.3

4.2
2.8
.3
2.5
.9
.4

4.8
3.9
.4
3.4
1.2
.2-

5.6 51
4.5 52
.1 53
4.4 54
1.3 55
.2--56

.4

.5

.2

.2

.1-

1.0-57

1.2

58

.4-

.5-

GOVERNMENT

GOVERNMENT

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

4A.

ANNUALS
1957

1956

TAX RECEIPTS (NET OF REFUNDS)
INDIVIDUAL INCOME
CORPORATE PROFITS
OTHER 31
SOCIAL INSURANCE PROGRAMS 32
PREMIUMS RECEIVED
BENEFITS PAID
LIFE INSUR. ♦ RETIREMENT PROGRAMS 33
PREMIUMS RECEIVED
BENEFITS PAID

60.7
31.3
18.4
11.0

69.3
34.9
22.8
11.6

7.7
6.4

8.9
7.1

10.4
9.2

10.6
12.6

13.0
12.9

1.6
1.7

1.7
1.8

1.8
2.0

1.8
2.2

1.9
2.4

9
10
11
12
13
14
15
16

NET GRANTS AND DONATIONS PAID 34
NET INTEREST PAID 35
NET PURCHASES OF GOODS ♦ SERVICES 36
CONSTRUCTION EXPENDITURES
OTHER
CURRENT SURPLUS (1, 5, AMD 7 LESS 6 AND 8 THROUGH 11)
CREDITS IMPUTED TO CONSUMERS 37
GROSS AND NET SAVING (14-15)

9.0
4.9
46.9
2.8
44. 1
1.1
.6
.5

9.2
5.2
48.4
2.7
45.7
8.0
1.0
7.0

10.3
5.7
52.5
3.0
49.6
4.3
.6
3.6

11.9
5.6
55.6
3.4
52.2
6.9.9
7.8-

13.6
6.4
56. 1
3.7
52.4
3.51.0
4.5-

17
18
19
20
21
22
23

NET FINAN. INVESTMENT (18-24)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS ♦ CURRENCY
CREDIT MARKET INSTRUMENTS
MORTGAGES 38
OTHER LOANS 39
OTHER FINANCIAL ASSETS 40

I
2
3
4

5
6
7
8

24
25
26
27
28
29
30
31

32

NET INCREASE IN LIABILITIES
LIFE INSURANCE AND RETIREMENT RESERVE
U.S. GOVT. SECURITIES 41
SHORT-TERM DIRECT 42
OTHER SECURITIES
SVGS. BONDS 43
OTHER LOANS 44
OTHER LIABILITIES 45

DISCREPANCY (16-17)

ANNUALS

ANNUAL FLOWS

1955

1960

1961

1962

(E) U. S. GOVERNMENT 30
71.7
68.7
73.1
80.8
37.1
36.4
40.0
43.7
22.4
20.4
20.0
23.2
11.9
14.0
12.2
13.0

80.0
44.8
21.0
14.2

85.8
48.6
21.9
15.2

1
2
3
4

15.7
14. 1

16.3
16.9

18.4
17.3

5
6

1.9
2.6

2.0
2.9

2.0
2.9

7
8

13.4
7.1
55.9
3.7
52.2
5.3
1.0
4.3

14.6
6.9
61.4
3.8
57.6
4.61.0
5.5-

15.7
7.2
66.7
3.8
62.8
3.61.1
4.7-

9
10
11
12
13
14
15
16

3.7
3.4
.9
2.4
1.2
l.l
.1

5.83.3
.3
2.8
.6
2.2
.2

5.04.2
1.1
3.5
.3
3.2
.4-

17
18
19
20
21
22
23

.31.0
2.65.12.9
.4.5
.8

9.1
1.0
7.3
11.3
4.7.7
.2
.6

9.2
1.1
7.4
2.4
4.6
.3
.2
.5

24
25
26
27
28
29
30
31

.6

.3

.3

32

1958

1959

.3
.8
.61.5
.6
.9
.1-

6.0
2.1
.21.2
.8
.3
1.2

3.5
3.5
.2
2.4
1.4
.9
1.0

8.11.6
.1
1.7
.3
1.4
.2-

5.14.8
.7
3.8
2.2
1.6
.3

.5
.6
1.1
7.18.1
•
1.1.1-

3.81.0
5.57.4
12.6.3.3.9

•
.6
.75.5
4.02.2.4.6

9.7
.9
8.2
1.210.2
.7.4
.2

10.0
1.0
9.3
5.5
5.8
2.0.6.2

.2

1.0

.2

.3

.6

(F) STATE AND LOCAL GOVERNMENT

33
34
35
36
37
38
39
40
41
42

TAX RECEIPTS 46
NET INSURANCE AND GRANTS RECEIPTS 47
NET INTEREST PAID
NET PURCHASES OF GOODS ♦ SERVICES 36
CONSTRUCTION AND LAND
OTHER BY GOVT. ENTERPRISES
OTHER BY GENERAL GOVERNMENT
CURRENT SURPLUS (33+34-35-56)
CREDITS IMPUTED TO CONSUMERS 48
GROSS AND NET SAVING (4O-4l)

43
44
45
46
47
48
49
50

NET FINANCIAL INVESTMENT (44-51)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
OTHER 49

51
52
53
54
55
56

57

NET INCREASE IN LIABILITIES
STATE AND LOCAL OBLIGATIONS
SHORT-TERM
OTHER
EMPLOYEE RETIREMENT RESERVES
OTHER LIABILITIES 50
DISCREPANCY (42-43)




27.0
1.2
.5
29.5
10.0
1.621.1
1.81.3
3.1-

29.9
1.6
.5
32.6
11.1
1.723.3
1.61.5
3.1-

32.3
2.2
.5
36. 1
12. 1
1.825.8
2. 11.6
3.8-

34.1
3.4
.6
40.2
13.4
1.928.7
3.31.9
5.2-

37.2
4.6
.7
43.0
13.9
2.131.2
1.91.6
3.5-

41.1
4.2
.7
45.8
13.9
2.234.2
1.21.8
3.0-

44.1
4.8
.8
49.8
14.8
2.437.3
1.73.0
4.7-

47.9
5.4
.8
53.7
15.5
2.540.7
1.32.5
3.8-

33
34
35
36
37
38
39
40
41
42

2.52.5
.4
.12.1
1.1
.4
.7

2.42.5
.2
*
2.2
1.0
.5
.7

3.92.8
.2
.4
2.2
.5
.5
l.l

5.02.8
.2
.8
1.8
.4.5
1.7

3.33.4
.5
.43.3
1.8
.4
1.2

1.54.3
.2
1.4
2.7
.2
.1
2.4

4.24.1
.6
.9
2.7
.3
•
2.4

4.34.0
.11.0
3.1
1.4
.11.8

43
44
45
46
47
48
49
50

4.9
3.5
.23.7
1.3
.1

4.9
3.2
.13.3
1.5
.2

6.7
4.6
.4
4.2
1.6
.4

7.8
5.5
.4
5.1
1.9
.4

6.7
4.7
.3
4.4
1.6
.3

5.8
3.7
•
3.6
1.8
.4

8.4
5.0
.4
4.6
3.0
.4

8.3
5.1
.4
4.7
2.5
.7

51
52
53
54
55
56

.6-

.7-

.1

.5

57

59

.2-

.3-

1.5-

.5-

BANKING AND NONBANK FINANCIAL

BANKING AND NONBANK FINANCIAL

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

IN BILLIONS

4A.

ANNUALS

1946

CONTINUED

DOLLARS

1947

1948

ANNUAL FLOWS

1949

1950

ANNUALS

1951

1952

1953

1954

1.8
1.3
.6

2.1
1.4
.7

2.4
1.6
.8

2.2
1.7
.5

1
2
3

.8
.1

.7
.1

1.1
.1

4
5

(G) BANKING SYSTEM
1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIV. PYMTS. 51
CURRENT SURP. = GROSS SVG. (1-2 )

4
5

GROSS INVESTMENT (5+6 )
CAPITAL EXPENDITURES

6
1
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

NET FINANCIAL INVEST. (7-23)
NET ACQUIS. OF FINAN. ASSETS
GOLD AND FOREIGN EXCHANGE 52
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 42
OTHER

STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 53
SECURITY LOANS
OTHER ASSETS 54
NET INCREASE IN LIABILITIES
DEM. DEP. NET ♦ CURRENCY 55
DUE TO U.S. GOVT. 56
DUE TO REST OF THE WORLD
DUE TO OTHERS 56
DEMAND DEPOSITS, NET 55
CURRENCY
TIME DEPOSITS
DUE TO CONSUMERS
DUE TO OTHERS
OTHER LIABILITIES 57

DISCREPANCY (>4 )

1.5
1.0
.5

1.2
.6
.6

1.0
.6
.4

1.3
.8
.5

1.3
.9
.5

.9

.4
•

.5
.1

.9
*

.2.1

.7
.1

.9
11.2.4
7.116.4.9—
15.513.52.0-

.4
4.2
3.3
2.5
6.3.85.5.4
5.9-

.4
1.0
1.9
1.75.7—
.8
6.5.1
6.7-

.9
1.8
.3
1.0
.14.44.4
7.2
2.8-

.26.9
1.88.1
2.71.9
4.54.3.2-

.6
9.3
•
9.3
2.4
3.0
.66.45.8

.7
10.5
.4
10.2
2.6
.9
1.7
3.4
1.7-

.6
4.3
1.35.0
1.2
1.2
•
9.0
9. 1-

.9 6
9.3 7
.5-■ 8
8.4 9
4.6 10
1.0- 11
5.6 12
10.7-■13
16.3 14

.4
•
2.4
1.2
5.2
.13.71.0-

.9
•
2.2
1.3
4.5
.1
l.l.5-

.4
.31.4
1.0
.5
.9
.3
.6

.9
.2
.7
1.0
1.7.1
.3
.1

1.6
.2
2.0
1.6
5.9
.4.2
.3

1.1
•
1.0
.1
4.6
.1
.3.2

1.0
.11.1
1.9
3.1
.5
.6
.8-

.6
*
1.0
1.5
.91.6
.4
.1

1.8 15
.2- 16
1.7 17
•
18
.1 19
.3 20
.9 21
.4 22

12.114.822.3.1
7.4
7.1
.3
3.8
3.6
.2
1.2-

3.8
3.1
.4—
.33.8
4.0
.31.4
1.2
.2
.7-

.6
.51.2
.2
2.0—
1.6.4.6
.3
.3
.4

.9
•
.4
•
.4.3
.7.5
.1
.4
.5

7.1
6.4
.3.2
6.5
6.5
•
.3
•
.3
.4

8.6
6.7
.2
.56.9
6.0
.9
1.7
1.4
.4
.1

9.8
6.2
1.8
.2
4.2
3.1
1.2
3.1
2.7
.4
.3

3.6
•
1.3.31.6
1.0
.6
3.4
2.5
.9
.1

8.3 23
4.4 24
.3 25
.1 26
4.0 27
4.3 28
.2- 29
3.8 30
2.5 31
1.3 32
. 1-■33

.5-

.7

.3-

•

•

.1-

.2-

.1

.5-■34

(H) NONBANK FINANCIAL INSTITUTIONS 73
35
36
37

CURRENT SURPLUS 58
CREDITS IMPUTED TO CONSUMERS 59
GROSS SAVING (35-36) 52

38
39

GROSS INVESTMENT (39-40)
CAPITAL EXPEND. (INSUR. SECTOR)

40
41

NET FINANCIAL INVEST. (4l-60)
NET ACQUIS. OF FINAN. ASSETS
BY SUBSECTORMUTUAL SAVINGS BANKS
S. + L. ASSNS. ♦ CR. UNIONS
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
NONINSURED PENSION FUNDS
FINANCE N.E.C.
BY TYPEDEM. DEP. AND CURRENCY
CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS 60 ’
SECURITY CREDIT
OTHER FINANCIAL ASSETS 61

42
43
44
45
46
47

48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72

73

NET INCREASE IN LIABILITIES
DEP. IN MUTUAL SAVINGS BANKS
SAVINGS SHARES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT ♦ EQUITY MARKET INSTR. 62
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OPEN MARKET PAPER 63
FHLB LOANS TO S. ♦ L. ASSNS. 63
SECURITY CREDIT
MISCELLANEOUS 64
DISCREPANCY (37-38)




3.5
3.9
.4-

3.8
4.2
.4-

4.2
4.3
.1-

4.7
4.6
.1

5.2
4.9
.2

5.2
5.5
.3-

6.5
5.8
.8

7.2
6.0
1.2

7.8 35
6.5 36
1.3 37

.8
.2

.9
.3

1.3
.2

1.4
.2

.2
.2

1.8
.2

2. I
.2

2.3 38
.3 39

•
7.0

.6
8.2

.7
9.4

1.0
10.4

1.2
11.7

•
10.4

1.6
16.0

1.9
17.1

2.0 40
17.9 41

1.6
1.5
3.1
.7
.5
.3-

1.0
1.6
3.4
1.3
.6
.4

.8
1.4
3.4
1.2
.6
2.1

1.0
1.7
3.8
1.3
.6
2.0

.9
2.4
3.9
1.1
.9
2.6

.9
2.4
3.8
1.0
1.4
.8

1.8
3.7
4.6
1.5
1.5
2.9

1.9
4.4
4.9
1.6
1.8
2.6

.5
7.0
.5
.22.3
.5
2.2
.5
.7
.5
.7.2

.3
7.7
1.73.8
.6
2.9
.8
1.0
.3
*
.2

.1
9.2
2.7.5
5.2
.3
3.3
1.1
1.0
.5
•
.1

.3
9.4
1.1.5
3.3
.9
3.1
1.4
1.2
.2
.4
.2

.7
10.5
1.9.5
2.2
.6
5.5
1.5
1.2
.7
.6
•

.6
9.5
3.3.4
3.9
.8
4.8
2.0
.4
.5

.1
15.3
.1
.4
4.8
1.4
5.0
1.5
1.7
.4
.1
.4

.3
15.9
. 11.2
4.1
1.2
6. 1
1.3
1.9
.3
.5
.3

.4 48
16.1 49
.7--50
1.4 51
3.7 52
1.6 53
7.8 54
1.3 55
.7 56
.2 57
.9 58
.5 59

7.0
1.5
1.2
3.1
.8
1.4
.2
.2
.7
.1
.1
1.6.7

7.7
.9
1.3
3.2
1.0
1.2
.2
.2
.6
.1
.1
.8.8

8.9
.6
1.3
3.2
1.1
1.3
.4
.2
.4
.2
.1
.5
.8

9.4
.9
1.6
3.5
1.1
1.2
.4
.3
.4
.2
.1.5
.6

10.4
.7
1.7
3.4
1.5
2.1
.4
.3
1.0
•
.4
.4
.6

14.4
1.7
3.4
3.1
2.6
2.0
.3
.6
.7
.4
.1
.4
1.1

15.2
1.8
4.0
3.1
2.9
2.1
1.4
.4
•
.2
.1
.4
.9

15.9 60
2.0 61
4.8 62
3.4 63
3.1 64
.8 65
.3 66
.5 67
.1 68
. 1--69
.1--70
1.0 71
.8 72

.4-

1.3-

1.0-

1.2-

•
•

GO

♦

1.2-

♦

.3
10.4
.9
2.3
3.3
2.1
1.0
.3
.4

»

.4
•
.31.0

.5-

1.0-

.9-

2.1
5.2
5.0
1.3
2.0
2.3

42
43
44
45
46
47

1.0--73

BANKING ANO NONBANK FINANCIAL

BANKING ANO NONBANK FINANCIAL

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

ANNUALS

4A.

ANNUALS

ANNUAL FLOWS

1955

1956

1957

2.4
1.6
.8

2.8
1 .8
1.0

3.3
2.2
1.1

3.3
2.5
.8

.3
.2

.9
.2

1.3
.2

.1
4.6
.24.2
7.1.16.98.51.6

.7
6.1
.9
5.5
3.1.2
3.34.8
8.0-

.1
.22.4
2.3
8.1
1.3.6
.1-

1960

1961

1962

3.8
2.6
1.2

4.2
3.1
1.1

3.8
2.9
.9

4.0
2.8
1.2

1
2
3

1.5
.2

.9
.3

l.l
.2

1.1
.3

.8
.3

4
5

1. 1
6.2
1.2
4.4
.6.7.2
1.9
1.7-

1.2
15.2
2.317.0
10.4
2.2
8.2
.9
7.3

.5
5.1
1.04.8
7.9.3
8.23. 15.1-

.9
8.7
2.19.6
2.7
.7
2.0
3.5
1.5-

.9
17.8
.616.4
7.4
1.5
5.9
7.1
1.2-

.5
19.3
1.519.3
2.2
2.0
.3
1.01.3

6
7
8
9
10
11
12
13
14

.2
.41.7
1.4
5.8
.1.8—
.4

1.0
.1
.6
1.2
2.3
.2. 1.6

2.6
.12.1
.2
1.2
.6
.4
. 1-

.4
•
2.5
2.9
7.5
.6.2
1.1

.6
.2.7
1-7
2.7
1.4
.2
.8

2.8
.11.6
.9
2.7
1.1
1.1
.8

4.5
. 14.0
2.2
6.0
.5
1.1
.4

15
16
17
18
19
20
21
22

4.5
3.0
.7—
.13.8
3.3
.4
1.3
1.7
.4.1

5.3
1.8
*
.2
1.6
1.6
.1
2.1
2.2
.11.2

5.1
1.0.2
.2
1.41.3•
5.5
5.2
.3
.3

13.9
5.6
.1
.15.6
5. 1
.4
8.0
5.3
2.7
.2

4.6
1.4
.7
•
.6

7.8
.3
.9
.1.5.4.15.8
3.3
2.5
1.5

16.9
5.9
.3
.15.8
5.1
.7
9.4
6.5
2.9
1.5

18.8
3.5
1.0
.1
2.4
1.6
.9
15.3
11.5
3.8
.1-

23
24
25
26
27
28
29
30
31
32
33

.5

.1

.2-

.7-

1958

1959

(G) BANKING SYSTEM

1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIV. PYMTS. 51
CURRENT SURP. = GROSS SVG. (1-2)

4
5

GROSS INVESTMENT (5+6 )
CAPITAL EXPENDITURES

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

NET FINANCIAL INVEST. (7-25)
NET ACQUIS. OF FINAN. ASSETS
GOLD AND FOREIGN EXCHANGE 52
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 42
OTHER

STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONOS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 53
SECURITY LOANS
OTHER ASSETS 5^
NET INCREASE IN LIABILITIES
DEM. DEP. NET + CURRENCY 55
DUE TO U.S. GOVT. 56
DUE TO REST OF THE WORLD
DUE TO OTHERS 56
DEMAND DEPOSITSi NET 55
CURRENCY
TIME DEPOSITS
DUE TO CONSUMERS
DUE TO OTHERS
OTHER LIABILITIES 57
DISCREPANCY (5-4)

»

.6
1.1
3.0
1.81.9
.3

*

.2-

.5

34

(H) NONBANK FINANCIAL INSTITUTIONS 73

35
36
37

CURRENT SURPLUS 58
CREOITS IMPUTED TO CONSUMERS 59
GROSS SAVING (55-36) 52

8.1
6.8
1.3

7.8
7.1
.7

8.0
7.0
.9

8.5
7.8
.7

9.1
8.8
.3

9.2
8.1
1.1

9.4
8.7
.7

10.1
9.0
1.1

35
36
37

38
39

GROSS INVESTMENT (39-40)
CAPITAL EXPEND. (INSUR. SECTOR)

2.6
.4

1.3
.3

1.8
.4

2.8
.3

1.7
.4

3.1
.4

3.2
.4

3.2
.4

38
39

40
41

NET FINANCIAL INVEST. (4l-6O)
NET ACQUIS. OF FINAN. ASSETS
BY SUBSECTORMUTUAL SAVINGS BANKS
S. + L. ASSNS. + CR. UNIONS
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
NONINSURED PENSION FUNDS
FINANCE N.E.C.
BY TYPEDEM. DEP. AND CURRENCY
CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREOIT
OTHER LOANS 60
SECURITY CREDIT
OTHER FINANCIAL ASSETS 61

2.3
22.8

1.0
17.5

1.5
18.8

2.4
21.4

1.3
25.8

2.7
25.9

2.8
28.9

2.8
32.3

40
41

2.0
6.4
5.2
1.1
2.2
5.9

2.0
5.6
5.1
.7
2.3
1.8

1.8
5.6
4.9
1.0
2.8
2.8

2.6
7.5
5.2
1.2
2.9
2.0

1.4
8.9
5.2
1.9
3.2
5.3

1.6
8.3
5.4
1.5
3.4
5.6

2.2
10.8
5.8
1.6
3.5
4.8

3.2
12.0
6.5
1.8
3.6
5.1

42
43
44
45
46
47

.6
21.5
.61.0
2.6
1.7
10.3
1.7
3.2
1.7
.5
.1

.2
17.0
1.1.8
3.7
1.4
8.4
1.8
1.4
.4
.1
.2

.4
18.5
.3.9
5.2
2. 1
6.3
1.5
1.2
1.6
.2.2

.7
19.0
.9
1.1
4.7
2.2
8.0
2.2
.4.3
1.0
.6

.1
25.6
.7
1.6
3.5
3.1
9.7
2.4
2.5
2.0
•
•

.6
24.8
.2
1.5
3.5
3.0
8.8
2.8
2.3
2.7
•
.6

1.3
25. *8
1.1
1.2
3.6
4.0
10.9
3.4
.5
1.1
1.1
.7

.8
31.3
1.6
1.2
4.0
3.6
12.9
4.0
2.1
1.9
.3.5

48
49
50
51
52
53
54
55
56
57
58
59

20.5
1.8
5.3
3.3
3.5
5.4
1.4
.9
2.4
.2
.5
.3
.9

16.5
1.8
5.4
3.6
3.5
1.5
1.0
1.1
.6.2
.2.61.2

17.2
1.7
5.2
2.6
4.4
2.0
.7
1.2
.4.5
•
.1
1.1

18.8
2.3
6.6
3.3
4.4
.5
.2
1.6
1.1.1*
.6
1.1

24.5
1.2
7.2
3.6
5.2
6.0
1.1
1.8
1.7
.5
.8

23.1
1.4
8.1
3.4
4.7
3.5
1.5

25.9
2.1
9.4
3.7
4.9
3.3
.5
2.0
.1

29.5
3.1
10.2
4.1
5.0
5.7
.8
1.9
1.1
1.1
.8
.9
.5

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

.6-

.9-

2.1-

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59

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

73

NET INCREASE IN LIABILITIES
DEP. IN MUTUAL SAVINGS BANKS
SAVINGS SHARES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT + EQUITY MARKET INSTR. 62
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OPEN MARKET PAPER 63
FHLB LOANS TO S. + L. ASSNS. 63
SECURITY CREDIT
MISCELLANEOUS 64
DISCREPANCY (57-58)




1.3-

61

1.5

1.2

.3.9
.2.5
1.5

1.4-

2.1-

»

«

.7
.9
1.6

2.5-

2.1-

73

REST OF THE WORLD

REST OF THE WORLD

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

ANNUALS

ANNUAL FLOWS

4A.

1946

1947

1948

1949

1950

ANNUALS

1951

1952

1953

1954

1.3
17.4
16.1
1.5
.2

.416.6
17.0
1.6
2.0

1.0
17.5
16.5
1.4
.4

1
2
3
4
5

.2
1.6
.3
.1
.6
.2
.3
.1

6
7
8
9
10
11
12
13

( I ) REST OF THE WORLD
1
2
3
4
5

6
7
8
9
10
11
12
13
14
15
16
17
18
19

NET PURCH. OF GOODS AND SERV. (2-5)
PURCH. OF GOODS AND SERVICES 65
SALES OF GOODS AND SERVICES 65
NET UNILATERAL RECEIPTS FROM GOVT. 65
CURRENT SURPLUS (4-1 ) 66

NET FINANCIAL INVESTMENT (7-14)
NET ACQUIS. OF FINAN. ASSETS
GOLD
U.S. DEM. DEP. AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
OTHER CREDIT MARKET INSTR. 67
MISC. FINANCIAL ASSETS 68
NET INCREASE IN LIABILITIES
OFFICIAL U.S. FOREIGN EXCHANGE
SECURITIES
LOANS 69
MISCELLANEOUS 70

DISCREPANCY (5-6) 71




4.9
12.8
7.9
.3
4.6-

9.0
17.9
8.9
.1
8.9-

3.5
14.5
11.0
1.6
1.9—

3.8
14.0
10.2
3.2
.5-

.6
13.1
12.5
2.8
2.2

2.4
17.9
15.5
2.1
.2-

4.92.0.6.1
•
.7.1.6-

9.83.52.2.3•
.7.2.2-

3.3.91.5.2
•
.4
.2-1

1.2.1
.2•
.1
.3
.1
.2-

2.5
3.7
1.7
.2
.2
1.2
.1
.2

.9.3
.1.5.1
. 1.2
.6

2.9
.2.13.2
.1

6.3
1.2
•
4.1
1.0

2.3
.4
.1
1.2
.7

1.3
.2

1.1
•
.3
*
.9

.9

1.3

.7

.3

62

»

.3
.9

.3-

.41.2
.4—
.2
.2
1.1

.2

1.7
2.2
1.2
.3.5
.5
.2
•1

1.1
•
.4
.3
.5

1.6
•
.1
.4
1.1

.5
.1. 1.2
.5

1.3 14
.2-•15
.2 16
.2 17
1.1 18

.6

.5

.3

.2 19

«

REST OF THE WORLO

REST OF THE WORLD

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

4A.

ANNUALS

1955

1956

1957

1.1
19.4
18.3
1.5
.4

2.9
23.1
20.2
1.5
1.5-

4.9
26.2
21.3
1.5
3.5-

•
1.4
•
. 1.11.1
. 1.5

2.12.1
.3.2
.1.8
.5
.9

4.2.3
.8.2
•
.2
.4
.2

1.4
.1*
.4
1.2

4.2
.6
.4
.6
2.6
.6

ANNUALS

ANNUAL FLOWS

1958

1959

1960

1961

1962

( I ) REST OF THE WORLD

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

14
15
16
17
18
19

NET PURCH. OF GOODS AND SERV. (2-5 )
PURCH. OF GOODS ANO SERVICES 65
SALES OF GOODS AND SERVICES 65
NET UNILATERAL RECEIPTS FROM GUVT. 65
CURRENT SURPLUS I 4-1> 66
NET FINANCIAL INVESTMENT (7-1*)
NET ACQUIS. OF FINAN. ASSETS
GOLD
U.S. DEM. DEP. AND CURRENCY
TIME DEPUSITS
U.S. GOVT. SECURITIES
OTHER CREDIT MARKET INSTR. 67
MISC. FINANCIAL ASSETS 68

NET INCREASE IN LIABILITIES
OFFICIAL U.S. FOREIGN EXCHANGE
SECURITIES
LOANS 69
MISCELLANEOUS 70

DISCREPANCY ( 5-6 I 71




.5

63

.822.9
23.6
1.5
2.3

3.0
26.3
23.3
1.6
1.4-

4.4
27.5
23.1
1.6
2.9-

3.8
28.9
25. 1
1.6
2.2-

I
2
3
4
5

.43.4
2.3
.1.9
.1
. 1.3

1.7
4.5
1.1
•
.93.0
.4
.9

.73.8
1.7
. 1.3
.6
.8
.6

2.03.3
.9
. 1.6
.4
.5
1.1

.82.6
.9
.1
.3
1.3
*
.1

6
7
8
9
10
11
12
13

4.5
.4
.5
.9
2.8

3.8
•
1.2
I. 1
1.5

2.8
•
.7
.2
1.9

4.6
.4.7
1.4
3.0

5.4
.3
.8
1.9
2.3

3.4
.61.0
1.3
1.7

14
15
16
17
18

.7

.4

.6

.7-

1.4-

19

1.2
22.7
21.5
1.3
.1

.9-

SAVINGS INSTITUTIONS

SAVINGS INSTITUTIONS

FABLE 9.

SAVINGS INSTITUTIONS SECTOR

IN BILLIONS OF DOLLARS
9A.

ANNUALS

l

CURRENT SURPLUS

ANNUAL FLOWS

ANNUALS

1946

1947

1948

1949

1950

1951

1952

1953

.3

.3

.2

.3

.5

.2

.4

.4

1954
.6

1

2
3
4
5
6
7
8
9
10
11
12

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 6
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS FINANCIAL TRANSACTIONS

.3
3.1
.1
2.9
.7
.2
*
1.8
.2
.1
*

.3
2.6
•
2.5
.1.3
*
1.9
.2
.1
*

.2
2.2
.1
2. 1
.7.4
*
1.8
.4
.1
.1

.3
2.7
.1
2.5
. 1.2
1.8
.4
.1
.2

.5
3.3
.1
3.2
.6. 1*
3.0
.7
.2
*

.2
3.4
.2
3.0
.9.1
*
2.8
.8
.1
.1

.4
5.5
.1
5.1
.1.3
.1
3.7
.6
.3
.2

.4
6.2
.1
5.9
•
.2
.1
4.6
.6
.4
.2

.6 2
7.4
3
.3 4
6.6 5
.4- 6
7
.1
.1 8
5.7 9
.6 10
.3 11
.3 12

13
14
15
16
17
18

NET INCREASE IN LIABILITIES
DEPOSIT LIABILITIES
TIME DEPOSITS
SAVINGS SHARES
CREOIT AND EQUITY MARKET INSTRUMENTS 8
OTHER LOANS

2.8
2.7
1.5
1.2
.1
.1

2.3
2.2
.9
1.3
.1
.1

2.0
1.9
.6
1.3
.1
.1

2.4
2.5
.9
1.6
. 1.1-

2.8
2.4
.7
1.7
.4
.4

3.2
3.2
.9
2.3
*

5.1
5.1
1.7
3.4
.1
.1

5.8
5.8
1.8
4.0
.1
.1

6.7 13
6.8 14
2.0 15
4.8 16
. 1- 17
.1- 18

1955

1956

1957

1960

1961

1962

.7

.5

.5

l.l

.9

.6
7.6
.1
7.4
.1
.1

1.1
10. 1
.3
9.3
.4
.6
.1
6.5
1.3
.4
.2

.9
10.3
.210.6
.5
. 1-

9.0
8.9
2.3
6.6
.1
•

9A.

ANNUALS

1

CURRENT SURPLUS

2
3
4
5
6
7
8
9
10
11
12

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 6
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS FINANCIAL TRANSACTIONS

13
14
15
16
17
18

NET INCREASE IN LIABILITIES
DEPOSIT LIABILITIES
TIME DEPOSITS
SAVINGS SHARES
CREDIT AND EQUITY MARKET INSTRUMENTS 8
OTHER LOANS




.7
8.4
.2
8.2
.1
.3.1
7.1
.7
.4
*

5.9
.7
.4
.1

.5
7.4
.1
7.2
.3
.6
.1
5. 1
.6
.5
*

7.7
7.1
1.8
5.3
.6
.5

7.1
7.3
1.8
5.4
.2.2-

6.9
6.9
1.7
5.2
•
*

64

»

»

ANNUALS

ANNUAL FLOWS

1958

1959

.9

.7

1.2

1

8.0
1.4
.8
. 1-

.7
9.9
.2
9.3
.4.2
•
7.3
1.5
.8
.5

.9
13.1
.5
12.0
.5
.1.1
9.2
1.8
.5
.4

1.2
15.3
.6
14.5
.4
. 1.1
10.9
2.4
.8
.1

2
3
4
5
6
7
8
9
10
11
12

9.4
8.4
1.2
7.2
.9
.8

9.3
9.5
1.4
8.1
.2.2-

12.2
11.5
2.1
9.4
.7
.7

14. 1
13.3
3.1
10.2
.8
.8

13
14
15
16
17
18

♦

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE

10.

SAVINGS INSTITUTIONS SUBSECTORS
IN BILLIONS OF OOLLARS

10A.

ANNUALS

1946

1947

1948

ANNUALS

ANNUAL FLOWS

1949

1950

1951

1952

1953

1954

SAVINGS INSTITUTIONS SECTOR
1

CURRENT SURPLUS

.3

.3

.2

.3

.5

.2

.4

.4

.6

1

2
3
4

NET FINANCIAL INVESTMENT OF ENTIRE SECTOR
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.3
3.1
2.8

.3
2.6
2.3

.2
2.2
2.0

.3
2.7
2.4

.5
3.3
2.8

.2
3.4
3.2

.4
5.5
5.1

.4
6.2
5.8

.6
7.4
6.7

2
3
4

5
6
7
8
9
10
11

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
CREDIT AND EQUITY MARKET INSTRUMENTS 6
U.S. GOVT. SECURITIES
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

.1
1.6
1.5
1.1
.2
.1
.1

.1
1.0
.9
.2
.3
.2
.2

.1
1.8
1.7
.4.3
.9
.6

.1
1.9
1.8
.2.2
1.2
.4

.2 5
2.1 6
7
2. 1
.5-■ 8
.1 9
1.6 10
.4 11

12

NET INCREASE IN LIABILITIESSAVINGS DEPOSITS

1.5

.9

1.7

1.8

2.0 12

.2
2.3
.1
2.0
.1
1.7
.2

.3
3.4
.1
3.2
.3
2.8
*
.2

.3
4.0
.1
3.8
.1
3.4
.2
.2

.5
4.9
.3
4.3
.1
4.0
.1
.3

3.1
3.1
.1

3.7
3.7

4.4 21
4.5 22
. 1--23

MUTUAL SAVINGS BANKS

.8
.8
.4.4
.4
.3

.1
1.0
1.0
. 1.2
.5
.4

.1
.9
1.0
.6.1.9
.6

•
.9
.8
1.0.1
1.0
.6

.6

.9

.7

.9

SAVINGS AND LOAN ASSOCIATIONS

13
14
15
16
17
18
19
20

21
22
23
24

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS ?
U.S. GOVT. SECURITIES
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MISCELLANEOUS FINANCIAL TRANSACTIONS 2

NET INCREASE IN LIABILITIES
SAVINGS SHARES
BORROWING FROM FHLB AND BANKS 3
MEMO - FHLB LOANS LESS DEPOSITS

.2
1.5
.1
1.4
.41.7
.1
•

.2
1.5
*
1.5
.31.6
.1
•

.1
1.3
.1
1.2
.31.4
.1
.1

.2
1.6
.1
1.3
•
1.3
*
.2

.3
2.2
.1
2.1
•
2.0

1.2
1.2
.1

1.3
1.2
.1

1.3
1.2
.1

1.4
1.5
.1-

1.9
1.5
.4

2. 1
2.1
•

.1

.1

.2-

.4

»

.1-

.1-

.3--24

.2

.3

.4

.4 25

•

»

•

13
14
15
16
17
18
19
20

CREDIT UNIONS
25

NET INCREASE IN ASSETS AND LIAB.




.1

65

.1

.1

.1

.2

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE 10.

SAVINGS INSTITUTIONS SUBSECTORS
IN BILLIONS OF DOLLARS

10A.

ANNUALS

1957

ANNUAL FLOWS

1958

1959

1955

1956

.7

.5

.5

1.1

.9

.5
7.4
6.9

1.1
10. 1
9.0

.9
10.3
9.4

ANNUALS

1961

1962

.7

.9

1.2

1

.7
9.9
9.3

.9
13.1
12.2

1.2
15.3
14.1

2
3
4

1960

SAVINGS INSTITUTIONS SECTOR

1

CURRENT SURPLUS

2
3
4

NET FINANCIAL INVESTMENT OF ENTIRE SECTOR
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.7
8.4
7.7

.6
7.6
7.1

5
6
7
8
9
10
11

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
CREDIT AND EQUITY MARKET INSTRUMENTS 6
U.S. GOVT. SECURITIES
CORPORATE BONDS
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

.2
2.0
2.0
.2.32. 1
.4

.2
2.0
2.0
.4.1
1.9
.4

12

NET INCREASE IN LIABILITIESSAVINGS DEPOSITS

1.8

1.8

MUTUAL SAVINGS BANKS

.1
1.8
1.8
.3.6
1. 1
.3

.3
2.6
2.6
.3.6
1.5
.6

.1
1.4
1.5
.3.11.3
.5

.2
1.6
1.6
.6.2
1.5
.5

.1
2.2
2.1
.1.11.7
.6

.1
3.2
3.3
.1
. 12.2
1.0

5
6
7
8
9
10
11

1.7

2.3

1.2

1.4

2.1

3.1

12

SAVINGS AND LOAN ASSOCIATIONS
13
14
15
16
17
18
19
20
21
22
23

24

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMANO DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MISCELLANEOUS FINANCIAL TRANSACTIONS

NET INCREASE IN LIABILITIES
SAVINGS SHARES
BORROWING FROM FHLB ANO BANKS 3
MEMO - FHLB LOANS LESS DEPOSITS

7

2

.5
5.9
.2
5.8
.4
5.0
.3
*

.4
5.1
.1
5.0
.6
4.0
.3
.1

.3
5.1
.1
5.0
.6
4.0
.3
•

.8
6.9
.3
6.4
.7
4.9
.7
.2

.7
8.2
.28.5
.8
6.6
.9
.1-

.4
7.8
.1
7.1
.1
5.9
1.0
.5

.8
10.2
.4
9.4
.6
7.5
1.2
.4

.9
11.2
.6
10.6
.3
8.7
1.4
.1

13
14
15
16
17
18
19
20

5.5
4.9
.6

4.7
5.0
.2-

4.8
4.8
•

6.1
6.1
.1

7.5
6.6
.9

7.4
7.6
.2-

9.4
8.7
.7

10.3
9.6
.8

21
22
23

.7

.2-

.1

1.1

.5-

.4

.8

24

.6

.7

.8

25

.1-

CREDIT UNIONS
25

NET INCREASE IN ASSETS AND LIAB.




.4

.5

66

.5

.6

.7

NSURANCE

INSURANCE

TABLE 11.

INSURANCE SECTOR

IN BILLIONS OF DOLLARS
ANNUALS

HA.

1

GROSS SAVING

2
3

GROSS INVESTMENT
CAPITAL EXPENDITURES

4
5
6
7
8
9
10
11
12
13
14

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 4
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENT
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1

NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY CLAIMS 3

15
16
17
18
19

DISCREPANCY

1946
.6-

1947
.6-

1948
.3-

GROSS SAVING
GROSS INVESTMENT
CAPITAL EXPENDITURES

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

1951
.4-

1952
.5

1953
.8

1954
.8

1
2
3

.4
.2

.4
.3

.7
.2

.6
.2

.1
.2

1.0
.2

1.6
.2

1.5
.3

.44.2
.2
3.9
1.0
.12.1
.4
.2
.3
.1-

.2
5.2
.5
4.7
.9.1
3.4
.4
1.0
.6
•

.1
5.2
•
5.2
2.6.5
4.8
.2
1.4
.7

.4
5.7
.2
5.4
.8.5
2.9
.5
1.2
1.0
.2

.3
5.8
.2
5.6
1.3.4
2.3
.6
2.4
.9
.2

.16.2
.2
5.9
2.0.3
3.6
.5
2.1
1.1
.2

.8
7.6
.1
7.3
.3.4
4.3
.8
1.2
.8
.1

1.4
8.2
.2
7.9
•
.9
3.9
.8
1.5
.7
.2

1.2 4
8.3 5
•
6
8.2 7
.6- 8
1.3 9
3.4 10
1.1 11
2.0 12
.7 13
.3 14

4.6
3.1
.8
.7

5.0
3.2
1.0
.8

5.0
3.2
1.1
.7

5.2
3.5
1.1
.7

5.5
3.4
1.5
.5

6.3
3.3
2.1
.9

6.8
3.1
2.6
1.0

6.8
3.1
2.9
.8

7.1
3.4
3.1
.6

.2-

1.0-

.9-

.711A.

1

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 4
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENT
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY CLAIMS 3

DISCREPANCY




ANNUALS

1950
.3-

.4•

ANNUALS

2
3

ANNUAL FLOWS

1949
.2-

.8-

.5-

.6-

.7-

ANNUAL FLOWS

15
16
17
18

.7- 19
ANNUALS

1955
.9

1956
.5

1957
.8

1958

1959
.2

1960
1.2

1961
.8

1962
.7

1

1.3
.4

.6
.3

1.0
.4

1.1
.3

.7
.4

1.7
.4

1.9
.4

2.6
.4

2
3

.7
9.3
.2
9.0
.3
1.0
4.2
1.3
1.1
.9
.2

.3
10.2
•
10.1
.2
1.5
3.4
2.1
1.4
1.0
.5

1.3
10.4
.1
10.2
.41.4
3.3
2.3
1.5
1.3
.8

1.5
11.0
.2
10.7
. 11.3
3.6
2.8
1.1
1.6
.4

2.2
11.9
.2
11.5
.4
1.1
3.6
2.6
1.5
1.6
.6

4
5
6
7
8
9
10
11
12
13
14

8.6
3.3
4.4
.9

10.0
3.6
5.2
1. 1

9.0
3.4
4.7
.9

9.5
3.7
4.9
.8

9.7
4.1
5.0
.7

15
16
17
18

1.2-

1.9-

19

1.0
8.5
.1
8.3
.31.0
2.7
.9
2.6
1.0
.3

8.1
1.51.0
3.7
1.0
2.6
1.1
.2

.6
8.7
.1
8.4
.9.8
4.5
1.3
1.4
.9
.5

7.5
3.3
3.5
.7

7.8
3.6
3.5
.7

8. 1
2.6
4.4
1.0

.4-

67

.3
8.2

«

.1-

. 1-

1.0-

.5-

.5-

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF DOLLARS

ANNUAL FLOWS

12A.

ANNUALS

1946

.6-

1947

.6-

1948

1949

1950

INSURANCE SECTOR
.3.3.2-

1953

1954

.5

.8

.8

1

.I
.2
.16.2
6.3

1.0
.2
.8
7.6
6.8

1.6
.2
1.4
8.2
6.8

1.5
.3
1.2
8.3
7. 1

2
3
4
5
6

.27.5
4.0
4.0
.6-

.18.4
4.1
4.2
.1

.1
8.9
4. 5
4. 1
.4

.1 7
9.5 8
4.9 9
4.5 10
.3 11

»

.7
.2

.9
.2

.9 12
.3 13

.23.8
.1

.4
4.6
*

.7
4.9
•l

.6 14
5.0 15
16
*

3.8
1.8.1
1.8
.3
2.4
.8
.2

3.7
2.4*
2.7
.1
2.1
1.1
.2

4.6
.7•
3.1
.2
1.1
.8
.1

4.8
.4.1
2.7
.1
1.4
.6
.2

5.0 17
.8--18
.5 19
2. 1 20
.3 21
2.0 22
.7 23
.3 24

4.0
3.4
.7

4.0
3.3
.7

4.2
3.0
1.1

4. 1
3.0
1.1

4.5 25
3.3 26
1.2 27

GROSS SAVING

GROSS INVESTMENT
CAPITAL EXPENDITURES
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.4•
.44.2
4.6

.4
.2
.2
5.2
5.0

7
8
9
10
11

investment income less operating expend.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
LESS
CREDITS IMPUTED TO CONSUMERS
EQUALS GROSS SAVING

•
5.5
2.8
3.3
.5-

.16.0
3.0
3.6
.7-

6.3
3.2
3.6
.5-

•
6.5
3.5
4.0
.8-

.1
7.0
3.7
4.0
.6-

12
13

GROSS INVESTMENT
CAPITAL EXPENDITURES

•
.2

.3

.1
.2

.1
.2

.23.1
•

.23.4
.2

.23.4
. 1-

.23.8
*

.23.9
.1

3.1
.7
.11.8
.3
.2
.3
.1-

3.1
1.63.0
.2
1.0
.6
*

3.5
3.3.3
4.2

1.4
.7
.1

3.8
1.5.2
2.6
.2
1.2
.9
.2

3.3
3.0
.3

3.6
3.2
.4

3.6
3. 1
.5

4.0
3.5
.5

.7
.2
.4
5.7
5.2

1952

.4-

1

2
3
4
5
6

.4
.3
.1
5.2
5.0

ANNUALS

1951

.6
.2
.3
5.8
5.5

LIFE INSURANCE COMPANIES

14
15
16
17
18
19
20
21
22
23
24
25
26
27

28

.2*

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET
INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES

DISCREPANCY (11-12)

.3-

#

.7-

»

»

.5-

.9-

.7-

.2

.6-

.6-

.5-

.6--28

NONINSURED PENSION PLANS 10

29
30
31
32
33
34
35
36

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
EQUALS CREDITS IMPUTED TO CONSUMERS
(GROSS SAVING = ZERO)
NET ACQUISITION OF FINANCIAL ASSETS T
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK

.1
.5
.1
.5

.1
.6
.1
.6

.1
.6
.1
.6

.1
.7
.1
.6

.1
.9
.2
.9

.2
1.4
.2
1.4

.2
1.5
.3
1.5

.3
1.8
.3
1.8

.4
1.9
.4
2.0

29
30
31
32

.5
.1
.3
.1

.6
.1
.3
.1

.6
.1
.3
.1

.6
.1
.3
.1

.9
.2
.4
.2

1.4
.2
.8
.3

1.5
*
1.0
.5

1.8
.1
1.1
.5

2.0
*
1.2
.7

33
34
35
36

.5

.6

.6

.6

.9

1.4

1.5

1.8

2.0 37

.6 38

NET INCREASE IN LIABILITIES

37

PENSION FUND RESERVES

OTHER INSURANCE COMPANIES 5

38

G*OSS SAVING

.1-

.1

.2

.6

.4

.2

.4

.4

39
40
41
42
43
44
45
46
47

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 8
U.S. GOVT.SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
TRADE CREDIT 5

.1.7
.2
.4
.2
•
.1
.1
.1

.4
1.3
.2
1.0
.6
.1
.1
.1
.1

.4
1.2
1.1
.5
.2
.2
.1
.1

.6
1.3
.1
1.1
.6
.3
•
.1
-1

.5
1. I
.1
1.0
.4
.3
.1
.1
•

.1
1.0
•
.8
.2
.3
.2
.1
.1

.4
1.5
.1
1.3
.4
.4
.2
.2
.1

.7
1.6
.1
1.4
.3
.7
.2
.2
.1

.8
.7

.9
.8

.8
.7

.7
.7

.6
.5

.9
.9

1.1
1.0

.9
.8

.6 48
.6 49

.1

.4-

. 1-

•

. 1-

.1

•

.2-

.1--50

48
49

50

NET INCREASE IN LIABILITIES
NONLIFE POLICY CLAIMS

DISCREPANCY (40-41)




9

68

♦

.6
1.3
•
1.3
.2
.8
.1
.2
.1

39
40
41
42
43
44
45
46
47

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF DOLLARS

12A.

ANNUALS

1955

1956

1957

.9

.5

.8
1.0
.4
.6
8.7
8.1

ANNUAL FLOWS

1958

1959

ANNUALS

1960

1961

1962

I NSURANCE SECTCJR
•
.2
1.2

.8

.7

1

1.7
.4
1.3
10.4
9.0

1.9
.4
1.5
11.0
9.5

2.6
.4
2.2
11.9
9.7

2
3
4
5
6

•
13.4
8.1
4.6
.7

.2
13.9
8.8
5.0
.3

.1
14.7
9.3
5.3
.3

7
8
9
10
11

•
.4

1.2
.4

1.2
.4

1.6
.4

12
13

.4
5.2
.1

.45.2
. 1-

.8
5.4
*

.8
5.8
.1

1.2
6.5
.1

14
15
16

1.3
.9
.5

5.1
.1
.3
2.6
.1
.9
.9
.2

5.2
.3.5
2.2
.2
1.2
.9
.5

5.4
.4.4
1.7
.4
1.3
1.3
.8

5.8
.3.3
2.5
.5
.9
1.5
.4

6.4
•
.1
2.4
.4
1.2
1.5
.6

17
18
19
20
21
22
23
24

4.2
2.6
1.6

4.8
3.3
1.5

5.5
3.5
2.0

4.6
3.3
1.3

5.0
3.6
1.4

5.3
4.0
1.3

25
26
27

1.3-

28

1

GROSS SAVING

2
3
h
5
6

GROSS INVESTMENT
capital expenditures
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

1.3
.4
1.0
8.5
7.5

.6
.3
.3
8.2
7.8

7
8
9
10
11

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
LESS
CREDITS IMPUTED TO CONSUMERS
EQUALS GROSS SAVING

.1
10.2
5.4
4.6
.4

*
10.9
5.9
4.7
.5

.1
11.6
6.7
4.2
1.0

12
13

GROSS INVESTMENT
CAPITAL EXPENDITURES

1.0
.4

.8
.3

1.1
.4

.8
.3

.6
5.2
*

.4
5.1
•

.7
4.9
•

5.2
.5.2
1.7
.1
2.5
1.0
.2

5.1
1.0.2
2.1

4.9
.5.I
2.5

2.5
1.1
.2

4.6
3.2
1.3

4.7
3.5
1.2

1.1
.3
.7
9.3
8.6

.7
.4
.3
10.2
10.0

LIFE INSURANCE COMPANIES

14
15
16
17
18
19
20
21
22
23
24
25
26
27

28

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET
INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
DISCREPANCY

(11-12)

.6-

♦

.3-

»

.1-

.412.2
7.2
4.8
.2-

.9-

.313.0
7.5
5.5
.3-

.3-

.5-

.9-

NONINSURED PENSION PLANS 10
29
30
31
32
33
34
35
36

37

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
EQUALS CREDITS IMPUTED TO CONSUMERS
(GROSS SAVING = ZERO)
NET ACQUISITION OF FINANCIAL ASSETS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK

NET INCREASE IN LIABILITIES
PENSION FUND RESERVES

.5
2.2
.4
2.2

.6
2.3
.5
2.3

.7
2.7
.6
2.8

.8
2.8
.7
2.9

.9
3.1
.9
3.2

1.1
3.3
1.0
3.4

1.2
3.4
1.1
3.5

1.4
3.6
1.3
3.6

29
30
31
32

2.2
.3
.9
.7

2.3
.21.5
.9

2.8
.21.8
1.1

2.9
*
1.4
1.3

3.2
.2
1.1
1.6

3.4
*
1.4
1.7

3.5
.1
1.1
2.0

3.6
.3
1.0
2.0

33
34
35
36

2.2

2.3

2.8

2.9

3.2

3.4

3.5

3.6

37

OTHER INSURANCE COMPANIES 3
38

GROSS SAVING

39
40
41
42
43
44
45
46
47

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 8
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
TRADE CREDIT 5

48
49

50

NET INCREASE IN LIABILITIES 9
NONLIFE POLICY CLAIMS

DISCREPANCY (40-41)




.5

.1

.2-

.2

.4

.5

.4

.5

38

.3
1.1
*
1.0
.1.8
.1
.2
.1

.1.7
.1.6
.3.7
•
.1
.1

. 11.0
*
.8
.2.7
.2
.1
.2

.3
1.2
.1
1.0
.1
.7
.2
•
.1

.7
1.9
•
1.7
.3
1.0
.1
.3
.2

.5
1.5
*
1.4
•
1.0
.2
.2
.2

.7
1.6
*
1.4
.1
1.0
.1
.3
.2

1.0
1.8
•
1.5
.1
1.0
.2
.2
.3

39
40
41
42
43
44
45
46
47

.8
.7

.8
.7

1.1
1.0

.9
.9

1.2
1.1

1.0
.9

.9
.8

.8
.7

48
49

.1

.2

.3-

.6-

50

69

. 1-

.2-

«

FINANCE N.E.C

FINANCE N.E.C

TABLE 13.

FINANCE N.E.C. SECTOR

IN BILLIONS OF DOLLARS

1946

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

22

CURRENT SURPLUS (GROSS SAVING) 5
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND OEPOSITS AND CURRENCY
CREOIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT
NET INCREASE IN LIABILITIES
CREDIT AND EQUITY MARKET INSTRUMENTS 2
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDIT}
MISCELLANEOUS FINANCIAL TRANSACT IONS L
DISCREPANCY (1-2)

1947

1949

1950

1951

•

•

.1-

.1-

»

•

•
.3.2
.1
1.2•
.1
.1
.6
.6
.7-

.1
.4
.2.5
.8.1•
.2
.1
.9
.3
*

.3
2.1
.I
2.0
.6

.3
2.0

*
.1
•
.8
.4
*

.2
.4
.1
1.1
.4

.4
2.6
.3
1.7
. 1.1
. 1•
.2
1.0
.6
.6

.41.3
.2
.2
.8
.1
1.6-

.2
1.1
.2
.2
.6
.1
.8.1-

1.7
1.2
.4
.2
.5
.2
.5
•

1.7
1.2
.4
.3
.4
.2
.5
*

2.2
1.7
.4
.3
1.0
•
.4
.I

.2-

.2-

1

14
15
16
17
18
19
20
21

22

CURRENT SURPLUS (GROSS SAVING) 5
MET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT

net INCREASE IN LIABILITIES
CREDIT AND EQUITY MARKET INSTRUMENTS 2
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDITJ
MISCELLANEOUS FINANCIAL TRANSACTIONS L
DISCREPANCY (1-2)




»

1.6
.2-

»

»

.4-

.3-

1956

1957

1958

.2-

.3-

.4-

.6
5.9
.3
5. 1
.4.2
.7
.6
2.8
1.3
.5

.1
1.8
.1
1.5
.2
.2•
.4
.1t.O
.2
.1

.4
2.8
.2
2.8
.2
.1
.1
.8
. 3.7
1.1
.2-

.6
2.0
.2
.8
.2

5.3
4.8
1.4
.9
2.3
.2
.3
.2

1.6
1.7
1.0
l.l
.6.2
.6.5
.5-

.9-

70

. 1.8
.2
.6
.3•
.1
.2
.1.3
.4
*
.8
1.0
.3
.4

«

.4
.3.1
•

.4-

1952

1953

.5-

1959

.7-

1954

.1-

. 1-

.2- 1

.4
2.9
•
2.8
.5
.2.2
.5
.1
1.5
.2
.1

.1
2.6
•
2.1
.1.2
.3
•
1.6
.1
.5

.1
2
2.3 3
.1 4
1.2 5
.2 6
.1-■ 7
.2 8
.4 9
.2 10
.4 11
.1- 12
.9 13

2.5
1.9
.3
.6
.7
.4
.4
.2

2.5
2.0
1.4
.4
•
.2
.4
.1

2.2 14
.8 15
.3 16
.5 17
.1 18
.1- 19
1.0 20
.3 21

.5-

»

.2-

ANNUAL FLOWS

13A.
1955

ANNUALS

1948

ANNUALS

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

ANNUAL FLOWS

13A.

ANNUALS

.3- 22

ANNUALS

1960
.8-

1961

1962

.9-

.8-

1

•
.8
.5
.8.1
1.0

.1
5.3
.4
4.9
•
.1
.2
1. I
.2
1.8
1.5
*

.7
5.6
.3
5.3
1.0
.1
.1
.8
•
1.5
1.9
•

.5
4.8
.6
3. I
.6
.1.1
1.1
.7
*
.7
l.l

.65.1
.1
5.3
.8
.2
.5
.8
.5
1.3
1.2
.3-

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

2.4
2.0
.7
1.2
.4.5
.1
.3

1.3
.5
.2
1.6
1.2. 1.6
.3

5.2
5.1
1. 1
1.8
1.6
.5
•
.1

4.8
3.7
1.5
1.5
.2.9
.5
.6

4.4
2.6
.5
2.0
.1
•
.9
.9

5.7
4.9
.8
1.9
1.1
l.l
.9
.2-

14
15
16
17
18
19
20
21

.8-

1. I-

1.5-

1.4-

.2-

22

»

.9-

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

FINANCE N.E.C. SUBSECTORS

IN BILLIONS OF DOLLARS

ANNUAL FLOUS

14A.

ANNUALS

1946

1947

1948

1949

1950

ANNUALS

1951

1952

1953

1954

TOTAL SECTOR

1

CURRENT SURPLUS 8

.1-

.1-

*

•

*

2
3
4

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NtT INCREASE IN LIABILITIES

*
.3.4-

.1
.4
.2

.3
2. 1
1.7

.3
2.0
1.7

.4
2.6
2.2

5
6
7
8
9

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
l-TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

.1
1.2
.1
.6
.5

.2
l.l
.1
.9
.2

.3
1.4
»
.8
.4

.3
1.3
.1
1.1
•

10
11
12
13

NET INCREASE IN LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

l.l
.2
.8
.1

.9
.2
.6
.1

1. 1
.4
.5
.2

1.0
.4
.4
.2

14
15
16
17
18

•
1.61.1.1.7-

•
.8.7•
»

.5
.6
»
*

.5
. 1.4
.4

.4
.1.2.5

19
20
21
22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
U.S. GOVT. SECURITIES
OTHER SECURITIES 3
SECURITY CREDIT 4
NtT INCREASE IN LIABILITIESSECURITY CREDIT
FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES

1.61.7•

.8.7.1-

.5
.5
*

.5
.4
»
.1

.4
•
•
.3

23
24
25
26

NET FINANCIAL INVESTMENT 8
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
U.S. GOVT. SECURITIES

.1.2
•

•
.2
*
*

•
.1
•
•

»
.3
»
#

. 1.2
*
*

.2
•
.1

.1
•
.2

.1
•
.1

.2
*
.2

.2

.2

.2

.3

•

.1-

. 1-

.2- 1

.1.8
.8

.4
2.9
2.5

.1
2.6
2.5

.5
1.9
.2
1.0
.5

•
.6
. 1.3
.3

.5
1.8
.1
1.5
.2

.2
1.7
•
1.6
.1

.3
.5
.2
.4
-1’■

1.4
.4
1.0
*

.6
.3
•
.4

1.3
.3
.7
.4

1.6
1.4
•
.2

.3 10
.3 11
.1 12
. 1--13

.3.3.2
. 1-

.4
.4
•
.1

.4
•
.1
.4

1.0
.1
.1
.8

14
15
16
17
18

.3.2»
. 1-

.4
.5
•
.1-

.4
.3
.1
•

1.0
.6
.1
.3

19
20
21
22

.1.3
♦

.1.5
•
*

.4
»
•

.1--23
.4 24
* 25
26
*

.2
»
.1

.2
»
.2

.5
.1
.4

.4
*
.4

.4 27
.1 28
.3 29

.3

.4

.6

.4

.5 30

.1

.1
•
.1
.1

.3
.1
.1
.3

.1
2.3
2.2

2
3
4

FINANCE COMPANIES 1

5
6
7
8
9

SECURITY BROKERS AND DEALERS

OPEN-END INVESTMENT COMPANIES

27
28
29
30

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS
NET STOCK ISSUES 10

AGENCIES OF FOREIGN BANKS
31
32
33
34
35

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
U.S. GOVT. SECURITIES
SECURITY CREDIT
NET INCREASE IN LIABILITIES 6

•
.1.1.1-

•
•
•
-

.1
.1
.1

•
.1•
»

.1
•
»
.1

•
.1
•
•
.1

.1

31
32
33
34
35

BANKS IN U.S.POSSESSIONS
36

NET ACQUISITION OF FINANCIAL ASSETS 7




.1-

71

•

•

•

.1

•

. 1 36

FINANCE N.E.C. SUBSECTURS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

FINANCE N.E.C. SUBSECTORS

IN BILLIONS OF OOLLARS

1955

1956

1957

ANNUALS

ANNUAL FLOWS

14A.

ANNUALS

1958

1959

1960

1961

1962

TOTAL SECTOR
.2-

.5-

1

CURRENT SURPLUS 8

2
3
4

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.6
5.9
5.3

.1
1.8
1 .6

.4
2.8
2.4

5
6
7
8
9

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
1-TO 4-FAMILY MORTGAGES
CONSUMER CREOIT
OTHER LOANS 2

.7
4.8
.5
2.8
1.2

.4
1.0
.11.0
.1

.7
1.4
.3.7
1.0

1.0
.2.5
.8*

3.9
1.4
2.3
.2

.6
1 .0
.6.2

.8
.7
.4.5

1.1.2
1.2. 1-

.3-

.4-

.6
2.0
1.3

.9-

.8-

I

.7
5.6
4.8

.5
4.8
4.4

.65.1
5.7

2
3
4

.5
3.8
.2
1.8
1.4

1.4
3.3
*
1.5
1.8

1.0
1.5
.6
.7

•
2.9
.4
1.3
1.2

5
6
7
8
9

3.2
1.1
1.6
.5

2.2
1.5
.2.9

.7
.5
.1
•

3.0
.8
1.1
1.1

10
11
12
13

.7.1
5.3
5.2

.8-

FINANCE COMPANIES 1

10
11
12
13

NET INCREASE IN LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

♦

SECURITY BROKERS AND DEALERS
14
15
16
17
18
19
20
21
22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
U.S. GOVT. SECURITIES
OTHER SECURITIES 3
SECURITY CREOIT 4
NET INCREASE IN LIABILITIESSECURITY CREDIT
FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES

.3
.5.3
.4

.6•
.6•

.1
.3
.1
.3-

.3
.3
.1
. 1-

.6.7.1
*

.1
*
.1
•

.6
*
.41.0

.6
.2

»

.3

•
.2.2
•

•
.5
.7
.1.1-

•
.2
•
.2-

.5
.3
.1
.2

•
.9
.8
.3
.2-

14
15
16
17
18

.1

.9
1.1
.2•

19
20
21
22

.51.4
.2
•

23
24
25
26

•
.9
.1.21.1

.9
.8

»

OPEN-END INVESTMENT COMPANIES
23
24
25
26

27
28
29
30

NET FINANCIAL INVESTMENT 8
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
U.S. GOVT. SECURITIES

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS

NET STOCK ISSUES 10

.41. 1

.1

.41.4
.1
.2

.1

.41.6
.2
.1

1.1
.2
1.0

1.2
.2
1.0

1.0
.2
.8

1.4
.2
1.2

1.1
.4
.7

27
28
29

1.6

1.8

1.5

2.0

1.9

30

«

.2.7
*
.1

.3.8
•
*

. 3.9
•
•

.31.2

.5
.5

.8
.2
.6

.9
.1
.8

.9

1.1

1.2

♦

»

»

AGENCIES OF FOREIGN BANKS

31
32
33
34
35

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREDIT
NET INCREASE IN LIABILITIES 6

•
.1
.1.1
.1

.4
.2
.1
.4

36

NET ACQUISITION OF FINANCIAL ASSETS 7

.1

.1

.
.
.
.

1
11
1

.2
.1

»

.2

.1

»

•
.1

.5
.3
.1
.5

.8
.6
•
.8

.2*
.2.2-

31
32
33
34
35

.1

.1

36

BANKS IN U.S.POSSESSIONS




72

.1

.1

•

.1

BANKING

BANKING

TABLE

15.

COMMERCIAL BANKS AND MONETARY AUTHORITIES - CONSOLIDATED STATEMENT
IN BILLIONS OF DOLLARS

ANNUALS

15A.

1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIVIDEND PAYMENTS 9
CURRENT SURPLUS - GROSS SAVING (1-2)

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

6
7
8

NET FINANCIAL INVESTMENT (7-24)
NET ACQUISITION OF FINANCIAL ASSETS 10
GOLD + FGN. EXCHANGE 1

TOTAL LOANS + INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT
2
OTHER

9
10
11
12
13
14
15

STATE AND LOCAL OBLIGATIONS
CORPORATE ANO FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY LOANS
MISC. ASSETS

16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

NET INCREASE IN LIABILITIES
DEMAND DEPOSITS NET AND CURRENCY 5
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY

31
32
33

TIME DEPOSITS
OTHER LIABILITIES

8

DISCREPANCY (3-4)

1947

1948

1949

1950

1951

1952

1953

1954

1.2
.6
.6

1.0
.6
.4

1.3
.8
.5

1.3
.9
.5

1.5
1.0
.5

1.8
1.3
.6

2.1
1.4
.7

2.4
1.6
.8

2.2
1.7
.5

1
2
3

.9

.4
*

.5
. 1

.9
*

.2.1

.7
.1

.8
.1

.7
.1

1.1
.1

4
5

.9
11.2.4

.4
4.2
3.3

.4
1.0
1.9

.9
1.8
.3

.26.9
1.8-

.6
9.3
*

.7
10.5
.4

.6
4.3
1.3-

6
.9
7
9.3
.5-- 8

10.87.116.4.915.513.52.0-

1.4
2.5
6.3.85.5.4
5.9-

1.51.75.7.8
6.5.1
6.7—

1.3
1.0
.14.44.4
7.2
2.8-

8.3
8.1
2.71.9
4.54.3.2-

9.0
9.3
2.4
3.0
.66.45.8

10.8
10.2
2.6
.9
1.7
3.4
1.7-

5.4
5.0
1.2
1.2
•
9.0
9. 1-

9
9.3
8.4 10
4.6 11
1.0-■12
5.6 13
10.7--14
16.3 15

.4
*
2.4
1.2
5.2
.13.71.0-

.9
»
2.2
1.3
4.5
.1
1.1.5-

.4
.31.4
1.0
.5
.9
.3
.6

.9
.2
.7
1.0
1.7. 1
.3
.1

1.6
.2
2.0
1.6
5.9
.4.2
.3

1.1
♦
1.0
.1
4.6
.1
.3.2

1.0
.11.1
1.9
3.1
.5
.6
.8-

.6
»
1.0
1.5
.91.6
.4
.1

1.8 16
.2--17
1.7 18
*
19
.1 20
.3 21
.9 22
.4 23

12.114.822.3.1
7.4
7.1
.3

3.8
3.1
.4.33.8
4.0
.3-

.6
.51.2
.2
2.01.6.4-

.9
*
.4
*
.4.3
.7-

7.1
6.4
.3.2
6.5
6.5
*

8.6
6.7
.2
.56.9
6.0
.9

9.8
6.2
1.8
.2
4.2
3.1
1.2

3.6
»
1.3.31.6
1.0
.6

8.3 24
4.4 25
.3 26
.1 27
4.0 28
4.3 29
.2--30

3.8
1.2-

1.4
.7-

.6
.5

.5
.5

.3
.4

1.7
.3

3.1
.5

3.4
.2

3.8
. 1

•

.5-

.7

.3-

•

15A

ANNUALS

1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIVIDEND PAYMENTS
CURRENT SURPLUS - GROSS SAVING (1-2)

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

6
7
8

NET FINANCIAL INVESTMENT (7-24)
NET ACQUISITION OF FINANCIAL ASSETS
GOLD + FGN. EXCHANGE 1

9
10
11
12
13
14
15

16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

>1
32
33

TOTAL LOANS + INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT
2
OTHER
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY LOANS
MISC. ASSETS

NET INCREASE IN LIABILITIES
DEMAND DEPOSITS NET AND CURRENCY 5
DUE TO U.S. GOVERNMENT
DUE TU REST OF THE WORLD
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY
TIME DEPOSITS
OTHER LIABILITIES 8

DISCREPANCY (3-4)




9

10

ANNUALS

ANNUAL FLOWS

1946

. 1-

.2-

. 1

31
32

.5--33

ANNUALS

ANNUAL FLOWS

1955

1956

1957

1958

1959

1960

1961

1962

2.4
1.6
.8

2.8
1.8
1.0

3.3
2.2
1. 1

3.3
2.5
.8

3.8
2.6
1.2

4.2
3.1
1. 1

3.8
2.9
.9

4.0
2.8
1.2

1
2
3

.3
.2

.9
.2

1.3
.2

1.5
.2

.9
.3

l.l
.2

1.1
.3

.8
.3

4
5

.1
4.6
.2-

.7
6.1
.9

1.1
6.2
1.2

1.2
15.2
2.3-

.5
5.1
1.0-

.9
8.7
2. 1-

.9
17.8
.6-

.5
19.3
1.5-

6
7
8

4.8
4.2
7.1.16.98.51.6

4.8
5.5
3.1.2
3.34.8
8.0-

4.3
4.4
.6—
.7.2
1.9
1.7-

17.4
17.0
10.4
2.2
8.2
.9
7.3

5.0
4.8
7.9.3
8.23.15. 1-

9.9
9.6
2.7
.7
2.0
3.5
1.5-

17.5
16.4
7.4
1.5
5.9
7.1
1.2-

20.4
19.3
2.2
2.0
.3
1.01.3

9
10
ll
12
13
14
15

.1
.22.4
2.3
8.1
1.3.6
.1-

.2
.41.7
1.4
5.8
.1.8.4

1.0
.1
.6
1.2
2.3
.2. 1.6

2.6
. 12. 1
.2
1.2
.6
.4
. 1-

.4
♦
2.5
2.9
7.5
.6.2
1.1

.6
.2.7
1.7
2.7
1.4
.2
.8

2.8
. 11.6
.9
2.7
1.1
l.l
.8

4.5
. 14.0
2.2
6.0
.5
1.1
.4

16
17
18
19
20
21
22
23

4.5
3.0
.7.13.8
3.3
.4

5.3
1.8
»
.2
1.6
1.6
.1

5. 1
1.0.2
.2
1.41. 3*

13.9
5.6
.1
. 15.6
5.1
.4

4.6
1.4
.7
•
.6
»
.6

7.8
.3
.9
.1.5.4.1-

16.9
5.9
.3
.15.8
5.1
.7

18.8
3.5
1.0
. 1
2.4
1.6
.9

24
25
26
27
28
29
30

1.3
.1

2.1
1.5

5.5
.6

8.0
.3

1.1
2. 1

5.8
1.7

9.4
1.6

15. 3
•

31
32

.5

.1

.5

33

73

.2-

.7-

.3

•

.2-

COMMERCIAL BANKS

COMMERCIAL BANKS

TABLE 16.

COMMERCIAL BANK SUBSECTOR

1

IN BILLIONS OF DULLARS

16A.

ANNUALS

ANNUAL FLOWS

1949
.4

ANNUALS

1951
.5

1952
.6

1953
.7

1954
.5

1
2
3
4
5
6
7
8

1

CURRENT SURPLUS

2
3
4
5
6
7
8

NET INCREASE IN FINANCIAL ASSETS
INCLUDED IN CONSOL. SECTOR ACCOUNT
TOTAL LOANS AND INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
SHORT-TERM DIRECT
OTHER

10.611.010.06.315.513.52.0-

3.7
1.7
2.3
3.4
5.5.4
5.9-

.5
1.82.42.76.5.1
6.7-

2.2
6.0
5.9
5.6
4.4
7.2
2.8-

8.1
6.8
6.5
6.2
4.54.3.2-

9.0
6.1
5.9
6.2
.66.45.8

9.1
9.1
9.9
9.3
1.7
3.4
1.7-

4.2
4.2
4.2
3.8
9.0
9. 1-

9.2
10.5
10.2
9.3
5.6
10.7-■
16.3

9
IO
11
12
13

OTHER SECURITIES ♦ MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

2.9
.4
•
1.7
.8

3.0
.9

1.7
.5

1.5
.4
.31.1
.3

1.8
.9
.2
.5
.2

3.7
1.6
.2
1.5
.5

2.1
1.1
•
.8
.3

2.0
1.0
.11.0
.2

1.6
.6
•
.8
.2

3.3
1.8
.21.3
.4

9
10
11
12
13

14
15
16
17
18
19
20
21

OTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC LOANS
OPEN MARKET PAPER
SECURITY CREDIT
MISC. ASSETS

6.3
1.2
5.2
. 1.2.1
3.71.0-

5.8
1.3
4.5
.1
•
.1
1.1.5-

2.4
1.0
.5
.9
.8
•
.3
.6

.61.0
1.7.1
.1
•
.3
.1

7.1
1.6
5.9
.4.6.1
.2
.3

4.8
.1
4.6
.1
.1.1
.3.2

5.5
1.9
3.1
.5
.4
.1
.6
.8-

2.2
1.5
.91.6
1.5
*
.4
.1

.4
•
.1
.3
.1
.2
.9
.4

14
15
16
17
18
19
20
21

.4
.2
.2

1.9
1.8
.2

2.3
2.6
.2-

3.93.9•

1.3
1.1
.2

2.9
2.4
.5

•
.1-

•
.2
.2-

1.3- 22
1.3-■23
• 24

1.6
1.6
.8
.7
.2.3

8.3
7.4
6.4
.3.1
6.5

8.3
8.5
6.5
.7
.16.0

8.3
8.4
4.9
1.7
.1
3.1

3.7
3.8
.1
.8. 11.0

8.3 25
8.4 26
4. 3 27
« 28
* 29
4.3 30

.5
.3

1.7
.3
.2.2•

3.1
.4
.1.2.1

3.4
.3
.1-

3.8 31
.3 32
. 1-■33
.1-■34
35
*

.3-

.2-

22
23
24

EXCLUDED FROM CONSOL. SECTOR ACCOUNT 6
MEMBER BANK RESERVES 5
VAULT CASH

1947
.4

»

1948
.4

1950
.5

1946
.5

25
26
27
28
29
30

NET INCREASE IN LIABILITIES 7
INCLUDED IN CONSOL. SECTOR ACCOUNT
DEMAND DEPOSITS, NET
U. S. GOVERNMENT
FOREIGN
OTHER, NET

11.211.013.921.5.5
7.1

3.2
3.2
2.2
1.6.24.0

.2
.2
.51.0
.1
1.6-

31
32
33
34
35

TIME DEPOSITS
OTHER LIABILITIES 4
EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 5
BORROWING AT F.R. BANKS

3.8
.9.2•
.2-

1.4
.4-

.6
.1
•
•
*

•
*

.3
.7
.9
.8
.1

.1-

.2-

.6

7.3

36

DISCREPANCY

37

MEMO - TOTAL LOANS EXC. MORTGAGES

«

•

»

•

.2-

2.6

4.7

2.6

.3-

1955
.8

1956
.9

1957
1.1

»

.1.1

.5-■36

4.5

6.1

2.6

1. 3 37

1960
1.4

1961
.9

1962
1.2

1

9.3
10.0
9.2
8.9
2.0
3.5
1.5-

17.4
16.7
16.0
14.9
5.9
7.1
1.2-

19.8
19.2
18.3
17.3
.3
1.01.3

2
3
4
5
6
7
8

ANNUALS

ANNUAL FLOWS

16A.

ANNUALS

»

1958
.7

1959
1.1

1

CURRENT SURPLUS

2
3
4
5
6
7
8

NET INCREASE IN FINANCIAL ASSETS
INCLUDED IN CONSOL. SECTOR ACCOUNT
TOTAL LOANS AND INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
SHORT-TERM DIRECT
OTHER

5.3
5.0
5.0
4.5
6.98.51.6

5.5
4.9
4.5
5.2
3.34.8
8.0-

5.6
5.5
5.1
5. 1
.2
1.9
1.7-

9
10
11
12
13

OTHER SECURITIES ♦ MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

2.3
.1
.21.8
.6

1.5
.2
.41.2
.5

1.7
1.0
.1
.1
.5

4.7
2.6
.11.2
.9

2.9
.4
•
1.5
1.0

1.1
.6
.2•
.6

4.3
2.8
. 1.8
.8

8.4
4.5
. 12.1
1.9

9
10
11
12
13

14
15
16
17
18
19
20
21

OTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC LOANS
OPEN MARKET PAPER
SECURITY CREDIT
MISC. ASSETS

9. 1
2.3
8.1
1.31. 1.2.6
.1-

7.0
1.4
5.8
.2.3.1
.8.4

3.2
1.2
2.3
.2.4.1
. 1.4

1.9
.2
1.2
.6
.4
.2
.4
.1

9.8
2.9
7.5
.6.6•
.2
1. 1

5.9
1.7
2.7
1.4
.5
.9
.2
.8

4.7
.9
2.7
1.1
.2
.8
1.1
.7

8.6
2.2
6.0
.4
.2
.2
1.1
.8

14
15
16
17
18
19
20
21

.4
.1
.2

.7
.1
.6

.1
•
.1

.7
.3
.3

.7
.1
.6

22
23
24

5.3
4.4
2.9
.5•
3.3

4.8
4.8
1.8
. 1.3
1.6

4.5
4.7
1.0.1
.2
1.3-

19. 1
18.5
2.5
.9
.1
1.6

25
26
27
28
29
30

1.3
.2
.9
.8
.1

2.1
.9
•
.1
.1-

5.5
.2
.2.2*

15.3
.7
.5
.6
. 1-

31
32
33
34
35

.1-

.2-

22
23
24

EXCLUDED FROM CONSOL. SECTOR ACCOUNT
member BANK RESERVES 3
VAULT CASH

25
26
27
28
29
30

NET INCREASE IN LIABILITIES 7
INCLUDED IN CONSOL. SECTOR ACCOUNT
DEMANO DEPOSITS, NET
U. S. GOVERNMENT
FOREIGN
OTHER, NET

31
32
33
34
35

TIME DEPOSITS
OTHER LIABILITIES b
EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 5
BORROWING AT F.R. BANKS

36

37

DISCREPANCY

MEMO - TOTAL LOANS EXC. MORTGAGES




6

.5

9.7

74

6.3

3.2

14.8
15.4
15.3
14.8
8.2
.9
7.3

.6.5.1-

13.7
13.8
5.5
.3

♦

5.1
8.0
.3
.1. 1*

.72.4

5.2
5.7
4.7
4.5
8.23.15.1-

.5.3.2-

.71.1.3

*

8.2
8.4
.5
.9
*
.4-

16.5
16.0
5.1
.2
.25.1

1.1
2.0
.7
.3
.4

5.8
2.1
.2.3
.4-

9.4
1.4
.5
.5
.1

4.6
3.9
.8
.8

♦

.2

.1

10.0

6. 1

.2-

5.8

.1

36

9. 7

37

MONETARY AUTHORITIES

MONETARY AUTHORITIES

TABLE 17.

MONETARY AUTHORITIES SUBSECTOR 1

IN BILLIONS OF DOLLARS

ANNUALS
1

CURRENT SURPLUS

2

NET ACQUISITION OF FINANCIAL ASSETS
INCLUOED IN CONSOLIDATED COMMERCIAL
BANKING SECTOR ACCOUNT
GOLD AND FOREIGN EXCHANGE 2
TREASURY CURRENCY
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3

3
4
5
6
7
8
9
10
11
12
13

14

15
16
17
18
19
20
21
22

23

EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS

NET INCREASE IN LIABILITIES
INCLUDED IN CONSOL. ACCOUNT
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS 4
EXCLUDED FROM CONSOLIDATED ACCOUNT 7
MEMBER BANK RESERVES 6
VAULT CASH OF COML. BANKS

DISCREPANCY

(1-2+14)

1947
•

1948
.1

.4-

2.4

2.8

.2.4
.2
.8.9.9•
*

2.5
3.3
.9—
.82.41.6
•

2.8
1.9
•
.9
.8
7.58.3
•

.2*
.2-

•
•
•

•
•
•

CURRENT SURPLUS

2

NET ACQUISITION OF FINANCIAL ASSETS
INCLUDED IN CONSOLIDATED COMMERCIAL
BANKING SECTOR ACCOUNT
GOLD AND FOREIGN EXCHANGE 2
TREASURY CURRENCY
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3

3
4
5
6
7
8
9
10

11
12
13
14
15

16
17
18
19
20
21
22
23

EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS
NET INCREASE IN LIABILITIES

INCLUDED IN CONSOL. ACCOUNT
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS 4
EXCLUDED FROM CONSOLIDATED ACCOUNT 7
MEMBER BANK RESERVES 6
VAULT CASH OF COML. BANKS
DISCREPANCY (1-2+14)




1951
.1

1952

4.2-

1.0

2.9

1.3

4.2.3
•
4.64.4.44.0—
•

.1
1.8•
1.8
1.9
4.0
2.1-

3.1
*
.1
3.0
3.0
2.65.6
*
.2.2•

•
•
•

.9
.8
.1

.7-

2.5

2.8

4.5-

.6

.4

.7-

.3-

.8.4.3
.3.4
.2
.2

1.2
.1.3.31.9
1.8
.2

.2
.2
.4.4
2.3
2.6
.2-

.3.2
.7.2
3.93.9-

.1.1
•
.31.3
1.1
.2

•

.3-

17A .

ANNUALS

1

1950
•

1949
•

1.1-

.2-

1955

1956
.1

1957

.5

1 .2

.5

.4.2•
.3.11.3
1.5.9
.8
.1

ANNUALS

ANNUAL FLOWS

17A.

1946
.1

1.0

.4-

1

.1-

1.4- 2

1.4
.4
.1
.9
.9
1.3
.4•

•
1.3.1
1.2
1.2
2.2
1.0•

1.3- 3
.5- 4
.1 5
.9- 6
1.0- 7
2.4 8
3.4- 9
•
10

.1.2.1

. 1•
•1_

.1-11
.1-12
•
13

1.4-14

1.3

.2-

.1

1.4

.2-

.1-15

.4.4.9

.1
•
1.2
•
•
.1.1

.6.1.6
.1•
.2
.2-

.3 16
.1 17
.2-18
.2-19
1.3-20
1.3-21
♦ 22

»

.2

.1

•

»

23

ANNUALS

ANNUAL FLOWS

1958
*

1954
•

3.0

2.9
2.4
.5

•

1953
.1

1962

1959
.1

1960
.2-

.1

1.5-

1.7

.6

.61.0.1
.3
.3
2.32.6
•

1.32.1.1
.7
.7
3.44. 1
*

1.1
.6.2
1.5
1.5
2.4
.9.1

.1
1.5-

1.2
.9
.1
.3
.2
1.4
1.2*

.7
1.2
.1
.8.7.7.1.2

.22.3.1
2.2
2.2
.42.6
.2-

•
.1
.1-

.2.2•

.1.1*

.7
.3
.4

.2.3
.4-

1961

.5
.5

2

2.0
2.0
.1
1.9
.4-

3
4
5
6
7
8
9
10

.5
.6
. 1-

11
12
13
14

«

1.2

.4

.5-

.1

1.4-

1.7

.9

•

.6

.4

.1

.6

.6-

1.0

.3

15

.2.1.4
.1.4
.1
.2

.1
. 1.1
.6
.7
.1
.6

«
»

•
.3
.1
•
.1

.2.1.4
•
.6.5.1-

.1.1

16
17

•

.1

•

•

.1

.4

75

.6

.1
.5.3.2-

.1. 1.4.71.1.3
.1-

.1

.1
•

.7

.9

18

.2
.7
.3
.3

.7.7
.1
.6

19
20
21
22

»

.3

23

MONETARY RESERVES

MONETARY RESERVES

TABLE 18.

GOLD, FOREIGN EXCHANGE, AND TREASURY CURRENCY

IN BILLIONS OF DOLLARS
18A .

ANNUALS

1946

ANNUALS

ANNUAL FLOWS

1947

1948

1949

3.3
2.2
1.2
1.2

1.9
1.5
.4
.4

.3
.2
.2
.2
-

1.81.7*

1950

1951

1
2
3
4
5

I. GOLD ANO FOREIGN EXCHANGE
NET CHANGE IN U.S. ASSETS
GOLD 6
FOREIGN EXCHANGE POSITION 1
NET IMF POSITION
OFFICIAL FOREIGN CURRENCY HOLDINGS

.4
.6
.2.2-

6

MEMO —NET CHANGE IN TOTAL GOLD SUPPLY

.4

.5

.4

.5

.3

.2

7
8
9

II. TREASURY CURRENCY
TOTAL ASSETS
BANKING SYSTEM 2
U.S. GOVERNMENT 3

.1
.2
.1-

*
*

«
•
*

•
•
*

»
»

TOTAL LIABILITY (U.S. GOVT.) 4

.1

*

•

•

•

*

•

10
11

DISCREPANCY 5

*

*

1955

1956

1957

•
.1
•

»

»

•

.5.3.2.2-

I
2
3
4
5

.2

.5

.6

6

.1
.1
*

.1
.1

.1
.1
•

.1
.1
*

7
8
9

*

*

•

*

10

•

*

»

♦

11

1958

1959

ANNUALS

1 960

I. GOLD AND FOREIGN EXCHANGE
NET CHANGE IN U.S. ASSETS
GOLD 6
FOREIGN EXCHANGE POSITION 1
NET IMF POSITION
OFFICIAL FOREIGN CURRENCY HOLDINGS

.2•
.1.1-

.9
.3
.6
.6

1.2
.8
.4
.4

2.32.3*
•

1.01.1•
•

2.11.7.4.4-

6

MEMO—NET CHANGE IN TOTAL GOLD SUPPLY

.7

.5

.7

.7

.8

.3

7
8
9

II. TREASURY CURRENCY
TOTAL ASSETS
BANKING SYSTEM 2
U.S. GOVERNMENT 3

•

«

.1
.1
*

»

.1
.1

.1
.1
.1

«

.1
.1

»

•

•

•

•

.1-

.1-

.1-

TOTAL LIABILITY (U.S. GOVT.)

11

DISCREPANCY 5




4

76

.4
.4

-

•

1954

1.31.2. 1.1-

1
2
3
4
5

10

1953

ANNUAL FLOWS

18A.

ANNUALS

»

1952

1961

.6.9.3
.1
.1

1962

1.5.9.6.6•

1
2
3
4
5

.7

.3

6

•
.1
•

.1
.2
.1-

*

»
♦

7
8
9

•

•

.1

•

10

•

•

.1-

•

11

DEMAND DEPOSITS AND CURRENCY

DEMAND DEPOSITS AND CURRENCY

TABLE 19.

1

DEMAND DEPOSITS AND CURRENCY
IN BILLIONS OF DOLLARS

19A .

ANNUALS

1947
3.1
2.2

1948
.5.5-

ANNUALS

ANNUAL FLOWS

1949
•
.8

1950
6.4
6.4

1951
6.7
6.5

1
2

NET INCREASE IN LIABILITY
COMMERCIAL BANKS

1946
14.813.9-

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING
AT F.R. BANKS
OTHER
DISCREPANCY 2

22.322.7.821.9.4

.4.61.2
1.8.2

1.2
1.2
.2
.9
.1

.4
.3
.3.6
.1

8
9

DUE TO OTHERS
FOREIGN

7.6

3.5
.3-

1.7.2

.5•

.5
.1
.1

.3
•
•

.1
-1
•

.3
.1
•

.7
.1
*

.6
.2
.1

.1
.2

•
.5
.2

.1
•
.1•
*
.1

.1
.2

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

.2
.2
.1
•
•
.2

10
11
12

13
14
15
16
17
18

19
20
21
22
23
24
25

2

FINANCIAL SECTORS
SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.
OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 3

«
«

#

.2
.2

.2
.2-

NET INCREASE IN LIABILITY
COMMERCIAL BANKS

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING 2
AT F.R. BANKS
OTHER
DISCREPANCY 2

8
9

DUE TO OTHERS
FOREIGN

10
11
12

13
14
15
16
17
18
19

20
21
22
23
24
25

FINANCIAL SECTORS
SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.
OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 3




•
.1
•

6.7
.2

.3
.3
.3
.1
»

3
4
5
6
7

6.4
.5-

4.4
.2

1.3
.3-

4.1
.1

8
9

.1
.1
*

.3
.1
•

.4 10
.3 11
•
12

.1
.1

.1
.2
.1
.1
.1
*

.3
•
•
•

«

•
.1
»

.8-

5.9

6.3

4.1

4.2
.5
•
1.1
.9
.3

.4.1.4
2.2
.7
.7

2.0.3.2.2
.5
.4-

2.3.4—
.4
1.1
.2
.3

2.7
.2
1.5
.5
1.1

2.8
.2
1.0
1.8
.4
.1

1.7
.1.3.8
.5
1.6

19A.

.7.6.2.4*

»

.2.1
.2.1

1957
1.01.0.2
.2
•
.1
*

.1
.1
.2.3
•

1961
5.9
5.1

.7
.7
.1.8
•

.9
.9
•
.9

.3
.3
•
.2
*

.7
*

.6.1-

5.7
.1-

.6
.2
»

1.8
.2

l.l.2

5.5
.1-

.6
.2
•

.2
.1
*

.4
.1
*

.7
.3
*

.1
.2*

.1

.1
.1
•
•
•
.2

.3
.2
.1
•
.1
.2

.2•
.1•
•
.4

»

•
.1-

3.2

1.4

1.7—

4.9

*
.3
1.0
.4
1.5

l.l
.2.3
.2
.2
.2-

1.2.1.8
•
.2
1.4-

2.5
.3
.9
1.5
.2
.5-

77

.7
. 1. 1.1
.6
.1-

13
14
15
16
»
17
.1 18

3.6 19

2.3 20
.1--21
.5 22
2.1 23
.4 24
1.6--25
ANNUALS

i960
.3
.5

1959
1.4
.8

3.7
.1-

.2
.1
•
.1
•
.3

1.2

ANNUAL FLOWS

1958
5.6
5.5

2

1.31.5.61.0.2

2.1-

1956
1.8
1.8

1954
4.4
4.3

1.8
1.8
.1
1.7
*

3.5

1955
3.0
2.9

1953
•
.1

.2
.1
.4.6
.1

6.9

ANNUALS

1
2

»

.3.2.1.1.1-

1952
6.2
4.9

»

.2
.1
»

•
•
.3

.5

1.0-

1.2
.4.81.0.5
.9

.6.2.3♦

.2
.1-

1962
3.5
2.5

1
2

1.0
1.1
.1
1.0
. 1-

3
4
5
6
7

2.5
.1

8
9

1.3
.5
*

.8
.6
*

10
11
12

.5
.2
.1
.1

.6
.2
.1
.1
•
.1

13
14
15
16
17
18

»

.6
4.5

1.6

19

1.6
.1.1
1.3
.6
1.0

5.1
2. 1. 11.4-

20
21
22
23
24
25

TIME DEPOSITS AND SAVINGS ACCOUNTS

TIME DEPOSITS AND SAVINGS ACCOUNTS

TABLE 20.

TIME DEPOSITS AND SAVINGS ACCOUNTS
IN BILLIONS UF DULLARS

20A.

ANNUALS

1
2
3
4
5
6

7
8
9
10

NET INCREASE IN LIABILITIES
AT COMMERCIAL BANKS AHELD BY
CORPORATIONS
STATE ANO LOCAL GOVERNMENTS
REST OF THE WORLD
CONSUMERS

AT SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS 2
SAVINGS AND LOAN ASSOCIATIONS
CREDIT UNIONS

5

11 MIK0-.TOTAL, CONSUMERS AND NONPROFIT ORGS.

1948

1949

1950

1951

1952

1953

1954

6.5
3.8
.2
•
3.6

3.6
1.4
.2
•
1.2

2.6
.6
.3

.3

3.0
.5
.2
.1
.1

2.7
.3
.1
.2
*

4.9
1.7
.2
.1
1.4

8.1
3.1
—
.1
.2
2.7

9.2
3.4
.3
.5
2.5

10.6
3.8
.2
.5
.6
2.5

2.7
1.5
1.2
.1

2.2
.9
1.2
.1

1.9
.6
1.2
. 1

2.5
.9
1.5
.I

2.4
.7
1.5
.1

3.2
.9
2.1
.2

5.1
1.7
3.1
.3

5.8
1.8
3.7
.3

6.8 7
2.0 8
4.5 9
.3 10

6.3

3.4

2.2

2.6

2.4

4.5

7.7

8.3

9.2 11

1955

19 56

1957

1958

1960

1961

1962

»

20A .

7
8
9
10

NET INCREASE IN LIABILITIES
AT COMMERCIAL BANKS 4
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
REST OF THE WORLD
CONSUMERS
AT SAVINGS INSTITUTIONS
MUTUALSAVINGS BANKS
2
SAVINGS AND LOAN ASSOCIATIONS 5
CREDIT UNIONS

11 KEEO- TOTAL,




CONSUMERS AND NONPROFIT ORGS.

ANNUALS

1947

ANNUALS

1
2
3
4
5
6

ANNUAL FLOWS

1946

ANNUAL FLOWS

1959

1
2
3
4
5
6

ANNUALS

8.4
1.3
. 1. l.11.7

9.3
2.1
•
. 12.2

12.4
5.5
.4
•
5.2

16.9
8.0
.9
.8
.9
5. 3

9.5
1.1
.4.4.93.0

15.3
5.8
.8
1.4
.3
3.3

20.9
9.4
1.3
.9
.6
6.5

28.6
15.3
2.6
1.0
.3
11.5

1
2
3
4
5
6

7. 1
1.8
4.9
.4

7.3
1.8
5.0
.5

6.9
1.7
4.8
.5

8.9
2.3
6. 1
.5

8.4
1.2
6.6
.6

9.5
1.4
7.6
.5

11.5
2.1
8.7
.7

13.3
3.1
9.6
.7

7
8
9
10

8.7

9.4

12.0

14.0

11.3

12.8

17.8

24.7

11

78

INSURANCE ♦ PENSION RESERVES

INSURANCE + PENSION RESERVES

TABLE 21, 22.

LIFE INSURANCE AND PENSION RESERVES
IN BILLIONS OF DOLLARS
21A.

ANNUALS

1946

1947

1948

I.
1
2
3
4
5

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES 2
OTHER (FRATERNAL ORDERS)

4.3
1.2
3.1
3.0
.1

3.8
.6
3.2
3.2
*

6

NET INCREASE IN ASSETS

4.3

3.8

CONSUMERS

ANNUALS

ANNUAL FLOWS

1949

1950

1951

1952

1953

3.2

1954

LIFE INSURANCE RESERVES

3.4
.2
3.2
3. 1
.1

3.5
.1
3.5
3.5
•

3.7
.3
3.4
3.4
*

3.5
.2
3.3
3.3
•

3.1
3.0
.1

3.2
.1
3.1
3.0
.1

3. 1
.33.4
3.3
.1

1
2
3
4
5

3.4

3.5

3.7

3.5

3.2

3.2

3.1

6

»

II. PENSION FUND RESERVES
7
8
9
10
11
12

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

13

NET INCREASE IN ASSETS

1

CONSUMERS

1.6
.4
.4
.8
.3
.5

2.0
.8
.2
1.0
.4
.6

2.4
.8
.5
1.1
.5
.6

3.0
1.0
.8
1.1
.5
.6

3.0
.8
.7
1.5
.7
.9

3.6
.7
.8
2.1
.7
1.4

4.5
1.0
.9
2.6
1.1
1.5

4.6
.5
1.2
2.9
1.1
1.8

4.8 7
.4 8
1.3 9
3.1 10
1.2 11
2.0 12

1.6

2.0

2.4

3.0

3.0

3.6

4.5

4.6

4.8 13

21A.

ANNUALS
1955

1956

1957

I.
1
2
3
4
5

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
OTHER (FRATERNAL ORDERS)

6

NET INCREASE IN ASSETS

2

CONSUMERS

3.2
.13.3
3.2
•1

3.8
.2
3.6
3.5
.1

3.2

3.8

ANNUALS

ANNUAL FLOWS

1958

1959

1960

1961

1962

LIFE INSURANCE RESERVES

2.8
.2
2.6
2.6
.1

3.3
•
3.3
3.3
.1

3.8
.2
3.6
3.5
.1

3.5
.1
3.4
3.3
.1

3.8
3.7
3.6
.1

4.2
.1
4. 1
4.0
.1

1
2
3
4
5

2.8

3.3

3.8

3.5

3.8

4.2

6

»

II. PENSION FUND RESERVES

7
8
9
10
11
12

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

13

NET INCREASE IN ASSETS




1

CONSUMERS

5.5
.7
1.3
3.5
1.3
2.2

5.8
.9
1.5
3.5
1.2
2.3

6.5
.4
1.6
4.4
1.6
2.8

7.2
.9
1.9
4.4
1.5
2.9

7.7
.9
1.6
5.2
2.0
3.2

7.4
.9
1.8
4.7
1.3
3.4

8.8
.9
3.0
4.9
1.4
3.5

8.5
1.0
2.5
5.0
1.3
3.6

7
8
9
10
11
12

5.5

5.8

6.5

7.2

7.7

7.4

8.8

8.5

13

79

U.S. GOVT. SECURITIES

U.S. GOVT. SECURITIES

TABLE 23.

U.S. GOVT. SECURITIES

1

IN BILLIONS OF DOLLARS

1946

1
2
3
4

NET CHANGE IN U.S. GOVT. LIABILITIES
SAVINGS BONDS - CONSUMER-HELD
SHORT-TERM DIRECT MARKETABLE 2
OTHER

22.72.2
19.25.8-

5

NET CHANGE IN ASSETS 3

22.5-

15.816.4.9—
.9-

6
7
8
9
10
11
12
13

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIES U
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER

14
15
16
17
18
19
20
21
22
23

NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

24
25

REST OF THE WORLD 7
SHORT-TERM DIRECT

26
27
28

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

CONSUMER AND NONPROFIT
SAVINGS BONDS
MARKETABLE SECURITIES
NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS

29
30
31
32
33

34

DISCREPANCY 3

1947

1948

5

NET CHANGE IN ASSETS

3

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIES U
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER
NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

1.9

5

.5
.7
1.1
.41.0
.7
.1
.2
1.21.1-

1.7.1.2
.3.91.6.1
.6
.8.7-

2.7.7.4.32.63.3.1
.5
.6
.6

l.l. 1.1•
.81.5.1
.6
.2.1-

1.9.6.6•
1.31.8.2
.4
. 1.1-

.7.5-

.7.8-

.4
.5

.3
.3

1.2
1.1

.1.3-

5.93.92.0-

1.6
.72.3

1.1
3.3
2.2-

3.0
3.3
.2-

3.0
1.9
1.2

.3
1.01.3

.1
.4
.3-

3.4
4.0
.6-

2.2-26
3.0-27
.8 28

1.1
2.2
1.06.9.2-

1.9
2.4
.51.2.9

.21.2
1.4.7
.6

.8
1.2
.42.0
.2

.6.1.42.9
.7

1.7.8.91.1
.9

.5.1.2.91.5

.2
•
.2
1.6
1.6

1.6-29
.3 30
1.9-31
2.3-32
1.7 33

.1

.5

.1

.3

.5

.2

. 1-34

1956

1957

1960

1961

1962

»

1.1
*
7.18. 1

5.5.37.4
12.6-

.72.25.5
4.0—

.4. 12.7
2.9-

.3.810.911.5

.4-

.7-

4.1

4.9

4.62.71.9
4.0
2.14.54.3.2-

.92.4
3.0
2.65.6
.66.45.8

2.7
2.6
.9
1.3
.41.7
3.4
1.7-

1.1
1.2
1.2
2.2
1.0•
9.0
9. 1-

3.9 6
4.6 7
1.0- 8
2.4 9
3.4-10
5.6 11
10.7-12
16.3 13

3.3• 91.0.1
2.02.4.2
.2
.3.3-

.1
.1.4.3
.3.7—

.1•
.2.1
•
.4.1
.3
. 1*

.7-14
.4-15
.5-16
.1 17
.6-18
.8-19
» 20
.2 21
.2 22
.1 23

.5
.7

.2 24
.1 25

*

4.3
. 17.0
2.5-

#
.4
.5
.4
1.1
1.2

»
16.5
11.4—

ANNUAL FLOWS

1958
8.2
.71.210.2

1959

9.3
2.05.5
5.8

ANNUALS

2.6.45.12.9

7.3
.7
11.3
4.7-

7.4
.3
2.4
4.6

1
2
3
4
5

.8

5.9-

1.1-

8.5

8.7

2.3-

7.8

7.6

7.67. 1.11.3
1.56.98.51.6

4.23.1.2
1.4
1.23.34.8
8.0-

.9.6.7.7. 1.2
1.9
1.7-

11.3
10.4
2.2
.42.6
8.2
.9
7.3

7.27.9.3
2.32.6
8.23. 15. 1-

2.9
2.7
.7
3.44. 1
2.0
3.5
1.5-

8.4
7.4
1.5
2.4
.95.9
7.1
1.2-

3.9
2.2
2.0
.1
1.9
.3
1.01.3

6
7
8
9
10
11
12
13

.6.1
.2.4
.3.5.3
.1.4.5-

1.1.1
.4.6
1.51.0.2.3.2
*

. 3.3
.3.6
.9.5.2.2.2
.3

.9
.4
.3.7
.3
.1
•
.1
.2

.7
.5
.3.8
.2
.3.2
.3
•
.2-

.2
.4.6.1
.4.4•
•
1.0
.7

1. 1
-5
.1.6
.1.3.1
.1
.6
.1-

1.6
.4
.1
.3
.4
•
.3
.1
.8
.8

14
15
16
17
18
19
20
21
22
23

.4
.2-

1.3
1.9

24
25

26
27
28

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

7.4
.3
7. 1

2.6•
2.6-

2.1
•
2.1
4.2
1.1




1
2
3
4

15.513.52.0-

.2
•

3

1.8
.3
11.813.3

1.1.14.4—
.44.04.4
7.2
2.8-

.8
1.1

DISCREPANCY

1954

2.2

l.l
.7

34

5. 1

7.0-

REST OF THE WORLD 7
SHORT-TERM DIRECT

CONSUMER AND NONPROFIT
SAVINGS BONDS
MARKETABLE SECURITIES
NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS

1953

8.55.7.8
7.58.3
6.5.1
6.7-

24
25

29
30
31
32
33

1952

7.1-

23A.

NET CHANGE IN U.S. GOVT. LIABILITIES
SAVINGS BONDS - CONSUMER-HELD
SHORT-TERM DIRECT MARKETABLE 2
OTHER

ANNUALS

1951

8.06.3.82.41.6
5.5.4
5.9-

.2-

1
2
3
4

1950

2.2
1.2
10.4
9.4-

1955

14
15
16
17
18
19
20
21
22
23

1949

6.51.2
2.55.2-

7.02.4
4.54.9-

ANNUALS

6
7
8
9
10
11
12
13

ANNUAL FLOWS

23A.

ANNUALS

.2

80

»

. 1-

3.0
2.5

.6
.3

.43.3
3.7-

2.91.91.0-

12.9
8. 1
4.7

5.76.0.3

1.1.9
2.0-

2.4
.9
1.5

26
27
28

.8
.31.2
4.51.0

.52.21.7
.4.5

2.5.71.7•
.4-

3.3.42.82.7.2

.9.7
1.6.4.3

.7
.3
.4
.3
1.4

29
30
31
32
33

.4

.4

.3-

.5-

.2-

7.3
2.09.2
3.8
1.8
.6

.2-

34

STATE AND LOCAL OBLIGATIONS

STATE AND LOCAL OBLIGATIONS

TABLE 24

STATE AND LOCAL OBLIGATIONS
IN BILLIONS OF DOLLARS

1946

ANNUALS

ANNUAL FLOWS

24A.

ANNUALS
1947

1948

1949

1950

1951

1952

1953

1954

1

NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

.1-

1.4

2.1

2.4

3.0

2. 1

2.8

3.9

4.5

1

2
3

NET CHANGE IN ASSETS
STATE AND LOCAL GOVERNMENTS

.1.2-

1.4
.1

2. 1
.1

2.4
.5

3.0
.5

2. 1
.2

2.8
.2

3.9
.3

4.5
.3

2
3

OTHER 1
CONSUMER AND NONPROFIT
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS (MUTUAL SAVINGS BANKS)
INSURANCE
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

.1
.2•
.4
•
.1.1•

1.3
.4
•
.9
•
.1
•
.1

1.9
1.0
.1
.4
•
.5
.3
.2

1.9
.5
.1
.9
•
.5
.2
.3

2.5
.4
.1
1.6
*
.4
.1
.3

1.9
.4
.1
1.1
.1
.3
•
.3

2.6
1.1
.1
1.0
.2
.4
*
.4

3.5
1.6
.1
.6
.1
.9
.1
.7

4.2 4
.8 5
.2 6
1.8 7
.2 8
1.3 9
.5 10
.8 11

1955

1956

1957

1958

1959

1960

1961

1962

4
5
6
7
8
9
10
11
12

24A .

ANNUALS

ANNUALS

ANNUAL FLOWS

1

NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

3.5

3.2

4.6

5.5

4.7

3.7

5.0

5.1

1

2
3

NET CHANGE IN ASSETS
STATE AND LOCAL GOVERNMENTS

3.5
.4

3.2
.5

4.6
.5

5.5
.5

4.7
.4

3.7
.1

5.0
*

5.1
. 1-

2
3

OTHER 1
CONSUMER AND NONPROFIT
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS (MUTUAL SAVINGS BANKS)
INSURANCE
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

3.1
1.7
.2
.1
*
1.0
.2
.8

2.7
1.6
.1
.2
*
1.0
.2
.7

4. 1
2. 1
.1
1.0
•
.8
.1
.7

5.0
.9
.5
2.6

4.4
1.7
.7
.4
*
1.5
.5
1.0

3.6
1. 7
.2.6
•
1.4
.4
1.0

5.0
1.0
2.8
*
1.3
.3
1.0

5.2
.54.5
. 11.1
.1
1.0

4
5
6
7
8
9
10
11

4
5
6
7
8
9
10
11
12




81

♦

1.0
.3
.7

CORPORATE AND FOREIGN BONDS

CORPORATE AND FOREIGN BONDS

TABLE 25

CORPORATE ANO FOREIGN BONDS

IN BILLIONS OF OOLLARS
25A.

ANNUALS
1946

ANNUALS

ANNUAL FLOWS

1947

1948

1949

1950

1951

1952

1953

1954

1
2
3
4

NET ISSUES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

1.0
.9
.2
.1-

3.0
2.8
.2
*

4. 7
4.2
.4
.1

3.3
2.9
.4
*

2.3
1.6
.4
.3

3.9
3.3
.3
.4

5.0
4.7
.3
*

4.7
3.4
1.4
•

3.7
3.5
.3
.1-

I
2
3
4

5
6
7
8
9

NET PURCHASES
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

1.0
1.2•
*
.2

3.0
.8.1
*
.3

4.7
.3.2
.3.4

3.3
.5.2
.2
.2

2.3
.4.3
.2
.1-

3.9
.3.4
•
.1

5.0
.2.4
. 1.3

4.7
•
.6
•
.2

3.7
.6.8
.2.1

5
6
7
8
9

IO
11
12
13

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

2.1
1.8
.3
.1

3.4
3.0
.3
.1

4.8
4.2
.3
.2

2.9
2.6
.3
*

2.3
1.8
.4
.1

3.6
2.7
.8
.2

4.3
3.1
1.0
.2

3.9
2.7
1.1
.2

3.4
2.1
1.2
.1

14
15

FINANCE N.E.C. 2
REST OF THE WORLD

.1
•

.2
•

3

*
.1-

•

»

•
. 1-

.2
.1

25A.

ANNUALS
1955

.1*

•
•

10
11
12
13

.2 14
*
15

ANNUALS

ANNUAL FLOWS

1956

1957

1958

1959

1960

1961

1962

1
2
3
4

NET ISSUES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

4.0
2.8
1.4
.2-

5.0
3.7
1.0
.3

7.5
6.3
.7
.4

6.8
5.7
.2
.9

4.5
3.0
l.l
.5

5.6
3.5
1.5
.6

5.6
4.6
.5
.5

6.0
4.2
.8
.9

1
2
3
4

5
6
7
8
9

NET PURCHASES
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

4.0
1.0
.6
.2.3-

5.0
1.0
.6
.4.1

7.5
1.0
1.0
.1
.6

6.8
.5
1.6
.1.6

4.5
•
.9

5.6
.1
2.1
.2.2

5.6

6.0
.5
1.5
. 1.1-

5
6
7
8
9

10
11
12
13

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

2.7
1.7
.9
.1

3.7
2.1
1.5
#

4.5
2.5
1.8
.2

4.2
2.6
1.4
.2

3.4
2.2
1.1
.1

3.3
1.7
1.4
.2

3.6
2.5
1.1
.1

3.6
2.4
1.0
.2

10
11
12
13

14
15

FINANCE N.E.C. 2
REST OF THE WORLD

.2
*

.1

.1
.1

•
.1

.2
.1

.1
.1

.1
.1

.5
*

14
15




3

82

»
.1-

«

1.9
.1-

CORPORATE STOCK

CORPORATE STOCK

TABLE 26.

CORPORATE STOCK 1

IN BILLIONS OF DOLLARS

26A.

ANNUALS

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

1947

1948

1949

1950

1951

1952

NET ISSUES
FINANCE N.E.C. (OPEN-END INVEST. COS.)
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKING
REST OF THE WORLD 2

1.3
.2
1.1
1.0
.1

1.4
.2
1.2
1.2
»
»

1.3
.2
1.1
1.0
•
•

1.6
.3
1.3
1.3
•
•

1.8
.3
1.5
1.4
.1
•

2.7
.4
2.3
2.2
.1
•

3.1
.6
2.5
2.3
.1
.1

2.3
.4
1.9
1.8
.1
.1-

2.6
.5
2.1
1.6
.2
.3

1
2
3
4
5
6

net PURCHASES

1.3
.9
•
.4
.3
.1
.1

1.4
1.0
•
.4
.2
.1
.1

1.3
l.l
•
.2
•
.1
.1

1.6
.7
.5
.2
.1
.1

1.8
1.1
•
.6
.3
.2
.1

2.7
1.8
•
.5
.1
.3
.1

3.1
1.6
.1
.8
.2
.5
.2

2.3
1. 1
.1
.8
.1
.5
.2

2.6
.8
.1
1.1
.3
.7
.2

7
8
9
10
11
12
13

.2
.2
.1
.1

.5
.4
.1
•

.4
.3
.1
.1

14
15
16
17

CONSUMER ANO NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST OF THE WORLD 3

.1
.1
.1.1-

.2
.2
•
.2-

26A .
1955

7
8
9
10
11
12
13
14
15
16
17

.4
.2
.2
*

.1
.1
•
. 1-

ANNUALS

I
2
3
4
5
6

ANNUALS

ANNUAL FLOWS

1946

•
.1
.1•

1953

.3
.4
.1.1

1954

ANNUALS

ANNUAL FLOWS

1956

1957

1958

1959

1960

1961

1962

NET ISSUES
FINANCE N.E.C. (OPEN-END INVEST. COS.)
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKING
REST OF THE WORLD 2

3.0
.9
2.1
2.0
.1.2

3.8
1.1
2.6
2.3
.3
.1

4.0
1.2
2.7
2.4
.3
*

4.2
1.6
2.6
2.3
.1
.3

4.4
1.8
2.6
2.3
.1
.2

3.5
1.5
2.0
1.8
.1
.1

5.2
2.0
3.2
2.7
.2
.4

2.6
1.9
.7
.5
.1
.1

1
2
3
4
5
6

NET PURCHASES
CONSUMER AND NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

3.0
1.2
.1
.9
.1
.7
.2

3.8
2.1
»
1.0
*
.9
.1

4.0
1.7
.1
1.3
•
1.1
.1

4.2
2.1
.1
1.3
.1
1.3
•

4.4
1.0
*
2.1
.2
1.6
.3

3.5
.3
•
2.3
.4
1.7
.2

5.2
.9
.1
2.8
.5
2.0
.3

2.6
.9.1
2.6
.4
2.0
.2

7
8
9
10
11
12
13

.8
1.0
.2.1-

1.1
1.0
.1
.4

.8
.7
.1
. 1-

14
15
16
17

FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST OF THE WORLD 3




.7
.5
.2
.1

83

.4
.6
.2.3

.8
.8
•
.1

.8
.8
. 1.2

1.1
1.2
.1.3

1- TO 4-FAMILY MORTGAGES

1- TO 4-FAMILY MORTGAGES

TABLE 27.

MORTGAGES ON 1- TO 4-FAMILY PROPERTIES
IN BILLIONS OF DOLLARS

ANNUALS

ANNUAL FLOWS

27A.

ANNUALS
1946

1947

1948

1949

1950

1951

1952

1953

1954
9.6
9.0
.3
.3

I
2
3
4

5
6
7
8
9

l
2
3
4

NET CHANGE IN LIABILITIES
CONSUMER
NONFARM NONCORPORATE BUSINESS 3
CORPORATE BUSINESS 3

4.4
4.0
.2
.2

5.2
4.6
.3
.3

4.9
4.9
*
*

4.3
4. 1
.1
.1

7.6
6.9
.3
.3

6.5
6.9
.2.2-

6.8
6.6
.1
.1

7.6
7.6

5
6
7
8
9

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

4.4
.8
.21.7

5.2
.6

4.3
.3
.5
.5

7.6
.2
.3
1.5

6.5
.4
.6
.8

6.8
.4
.5
1.0

7.6
.5
.2
•
.8

9.6
.4

1.7

4.9
.5
.1
1.1

1.8
.1
1.7

1.9
.2
1.6

1.8
.4
1.4

1.8
.5
1.3

3.0
.9
2.0

2.8
1.0
1.7

3.7
.9
2.8

4.6
1.2
3.4

5.7 10
1.6 11
4.0 12

1.4
1.4

1.2
1.2

2.4
2.4
•

2.1
2.1
*

1.2
1.1
*

1.5
1.4
*

2.0 13
2.0 14
15
*

»

.1

.2

.1

•

#

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

.2
.2

1.0
1.0
-

16

FINANCE N.E.C. 2

.1

.1

1955

1956

27A .

ANNUALS
1957

.1-

»
*

»
.1
1.3

.2 16
ANNUALS

ANNUAL FLOWS

1958

1959

1960

1961

1962

1
2
3
4

NET CHANGE IN LIABILITIES
CONSUMER
NONFARM NONCORPORATE BUSINESS 3
CORPORATE BUSINESS 3

12.6
12.3
.1
-1

10.8
11.0
. 1.1-

8.6
8.7
. 1. 1-

10.1
9.6
.2
.2

13.2
13.1
.1
.1

10.4
10.8
.2.2-

11.7
11.5
.1
.1

15.4
14.7
.4
.3

1
2
3
4

5
6
7
8
9

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

12.6
.2
.2
.1
1.8

10.8
.6
.5
.1
1.2

8.6
1.0
1.2
.1
-1

10.1
.7
.2
1.2

13.2
.2
1.6
.2
1.5

10.4
.4
.9
.3
•

11.7
.7.2
.5
.8

15.4
.2
. 1.3
2. 1

5
6
7
8
9

»

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

7.1
2.1
5.0

5.9
1.9
4.0

5. 1
1. 1
4.0

6.5
1.5
4.9

8.0
1.3
6.6

7.3
1.5
5.9

9.2
1.7
7.5

10.9
2.2
8.7

10
11
12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

2.6
2.5
.1

2.6
2.5
.1

1.4
1.3
.1

1.1
.9
.1

1.4
1.2
.2

1.5
1.3
.2

1.1
.9
.2

1.5
1.2
.3

13
14
15

16

FINANCE N.E.C. 2

.5

.2

.7

.5

16




.5

84

.1-

.3-

OTHER MORTGAGES

OTHER MORTGAGES

TABLE 28.

OTHER MORTGAGES

IN BILLIONS OF DOLLARS

28A.

ANNUALS

ANNUALS

ANNUAL FLOWS

1946

1947

1948

1949

1950

1951

1952

1953

1954

I
2
3
4
5

NET BORROWING
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

1.8
.1
.1
.7
.8

2.0
.1
.2
.8
.9

2.2
.1
.2
.9
1.0

2. 1
•
.3
.9
.9

2.6
.1
.5
1.0
1.0

2.9
.1
.6
2.0
.3

2.3
.1
.6
.11.7

2.3
.1
.5
.8
.9

2.8
.1
.5
1.0
1.1

1
2
3
4
5

6
7
8
9

NET CHANGE IN ASSETS 1
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
COMMERCIAL BANKING

1.8
.7
.2.8

2.0
.8
.1.5

2.2
.8
.1.3

2.1
.5

2.9
.6
.1
.3

2.3
.6
.1
.2

2.3
.6
.2
.2

2.8
.9
.2
.4

6
7
8
9

.7
.6

.8
.6
.2

.6
.6
•

•6
.4
.2

.6 10
.4 11
. 1 12

.9
.8
.6
.2

1.1
l.l
.9
.2

.8
.8
.6
.2

.7
.6
.5
.2

.7
.7
.5
.2

.2

2.6
.5
.1
.5

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

.2
.1
.1

.2
.2
.1

.4
.3
.1

.4
.4
*

»

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL MORTGAGE
FARM MORTGAGES

.3
.3
.3
*

.6
.6
.5
.1

.7
.7
.6
.1

1.0
.9
.8
.1

1955

1956

1957

1958

1959

1960

1961

1962

»

28A.

ANNUALS

13
14
15
16

ANNUALS

ANNUAL FLOWS

1
2
3
4
5

NET BORROWING
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

3.6
.2
.8
1.3
1.4

3.8
.2
.8
1.3
1.5

3.5
.1
.6
1.3
1.4

5.2
.2
.7
2.0
2.2

5.8
.2
.9
2.2
2.4

5.8
.2
.9
2.3
2.4

6.9
.2
1.1
2.7
2.9

9.4
.4
1.3
3.6
4.0

1
2
3
4
5

6
7
8
9

NET CHANGE IN ASSETS 1
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
commercial BANKING

3.6
1.0
.3
.6

3.8
1.1
.3
.5

3.5
1.2
.3
.5

5.2
1.7
.3
.9

5.8
1.8
.6
1.0

5.8
2.0
.4
.6

6.9
2.3
.4
.8

9.4
3.1
.4
1.9

6
7
8
9

.7
.4
.3

.7
.4
.3

.6
.3
.3

1.3
.6
.7

1.4
.5
.9

1.5
.5
1.0

1.8
.6
1.2

2.4
1.0
1.4

10
11
12

1.0
1.0
.7
.2

1.1
1.1
.9
.2

.9
.9
.8
.1

.9
.9
.8
.1

1.0
.9
.8
.2

1.3
1.3
1. 1
.2

1.6
1.5
1.3
.2

1.6
1.5
1.3
.2

13
14
15
16

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL MORTGAGE
FARM MORTGAGES




35

CONSUMER CREDIT

CONSUMER CREOIT

TABLE 29.

CONSUMER CREOIT

IN BILLIONS OF DOLLARS

29A.

1
2
3
4
5
6
7
8
9
10

11
12
13
14
15

1947

1948

1949

1950

1951

1952

1953

1954

NET CHANGE IN LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREOIT

2.7
1.7
1.0

3.2
2.5
.7

2.8
2.3
.5

2.9
2.6
.3

4.1
3.1
1.0

1.2
.6
.6

4.8
4.1
.7

3.9
3.6
.3

1.1
.6
.5

NET CHANGE IN ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS 1
FINANCE N.E.C. (FINANCE COMPANIES)

2.7
1.7
•
.2
.8
.1
.6

3.2
2.5
.1
.4
1.1
.1
.9

2.8
2.3
.1
.3
.9
.1
.8

2.9
2.6
.1
.3
.9
.1
1.1

4.1
3.1
.1
.4
1.4
.2
1.0

1.2
.6
•
.3
•
.1
.3

4.8
4.1
.2
.5
1.8
.2
1.5

3.9
3.6
.1
.1
1.5
.3
1.6

1.1 4
.6 5
•
6
.1 7
.2-- 8
.2 9
.4 10

1.0
.3
•4
.3
•

.7
.2
.2
.2
•

.5
.2
.2
.1
•

.3
.1
.1
.1
•

1.0
.4
.3
.2
•

.6
.3
.3
.1
*

.7
.2
.3
.2
•

.3
.1
.1
.1
»

1955

1956

1957

1959

1960

1961

1962

NET CHANGE IN LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREDIT

6.4
5.3
1.0

3.5
2.8
.7

2.6
2. 1
.5

.2
.2.4

6.4
5.6
.8

4.5
3.6
.9

1.7
.7
1.0

5.8
4.7
l.l

1
2
3

NET CHANGE IN ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS 1
FINANCE N.E.C. (FINANCE COMPANIES)

6.4
5.3
•
.4
1.8
.4
2.8

3.5
2.8
•
.2
1.2
.4
1.0

2.6
2. 1
. 1*
1.1
.5
.7

.2
.2.1.4
.1.3
.8-

6.4
5.6
•
.6
2.4
.7
1.8

4.5
3.6
. l•
1.4
.7
1.5

1.7
.7
•
•
.3
.4
•

5.8
4.7
•
.8
1.9
.7
1.3

4
5
6
7
8
9
10

1.0
.2
.2
.5
.1

.7
.2
.2
.2
•

.9
.3
.2
.3
•1

1.0
.2
.1
.5
.1

1.1
.4
.2
.3
.2

11
12
13
14
15

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

ANNUALS

1
2
3

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

ANNUAL FLOWS

1946

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS




29A .

86

.5
.2
.2
,. 1
•

ANNUAL FLOWS

1958

.4
.1
•
.2
•

.8
.2
.1
.4
.1

.5
.1
.1
.2
•

1
2
3

11
12
13
14
15

ANNUALS

BANK LOANS N.E.C

BANK LOANS N.E.C

TABLE 30.

BANK LOANS N.E.C. 1

IN BILLIONS OF DOLLARS

ANNUALS

1
2
3
4
5
6
7

8
9
10
11
12
13
14

30A.

1947

1948

1949

1950

1951

1952

1953

1954

NET CHANGE IN TOTAL BANK LOANS
LESS
CLASSIFIED TYPES
1 TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

5.2

6.8

4.2

.4

9.2

5.5

7.3

3.5

3.1

1

1.7
.8
1.2
3.7.15.2

1.7
.5
1.3
1.1.1
4.5

1.1
.3
1.0
.3
.9
.5

.5
.2
1.0
.3
.1
1.7-

1.5
.5
1.6
.2
.45.9

.8
.3
.1
.3.1
4.6

1.0
.2
1.9
.6
.5
3.1

.8
.2
1.5
.4
1.6
.9-

1.3
.4
•
.9
.3
.1

2
3
4
5
6
7

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COS.)
REST OF THE WORLD

5.2
.3.3
1.7
2.6
.8
.2

4.5
.2.3
1.4
2.1
.6
.3

1.7•
.1
.4—
1.7.4
.2-

5.9
.3
.5
1.2
3.1
1.0
.2-

4.6
•
.6
.8
3.2
•
.1

3.1
.1.1
1.6
.9
.7

.5
.1
.3
.7.4
.5
.1

30A .

ANNUALS

1
2
3
4
5
6
7

8
9
10
11
12
13
14

ANNUALS

ANNUAL FLOWS

1946

NET CHANGE IN TOTAL BANK LOANS
LESS
CLASSIFIED TYPES
1 TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.
NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COS.)
REST OF THE WORLD




♦

.9. 1.4.3•
•
.1-

.1
.1
.2
.1
.7.1
.4

8
9
10
11
12
13
14

ANNUALS

ANNUAL FLOWS

1955

1956

1957

1958

1959

1960

1961

1962

12.0

12.5

8.0

3.7

4.5

6.8

7.4

13.8

1

1.8
.6
2.3
.6
1.38.1

1.2
.5
1.4
.8.25.8

.1
.5
1.2
.1.22.3

1.2
.9
.2
.4
.6
1.2

1.5
1.0
2.9
.2
.67.5

•
.6
1.7
.2
1.4
2.7

.8
.8
.9
1.1
1.1
2.7

2.1
1.9
2.2
1.1
.4
6.0

2
3
4
5
6
7

8.1
.7
.4
1.2
3.0
2.3
.4

5.8
.1

2.3
.2
.3
.22.0
.4.4

1.2
.4
.6
.5
.4
1.2.5

7.5
.3
.7
1.0
3.7
1.6
.2

2.7
.2
.2
.12.6
.2.1

2.7
.3
.3
.31.6
.1
.7

6.0
.5
.7
.7
2.6
1.1
.4

8
9
10
11
12
13
14

87

»

.6
5.3
.6.4

OTHER LOANS

OTHER LOANS

OTHER LOANS

TABLE 31.

IN BILLIONS OF DOLLARS
ANNUALS

ANNUALS

ANNUAL FLOWS

31A.

1946

1949

1950

1947

1948

1.3
.2
•
.3
.1
.1
.1.1.2
.5

1.2
.3
.1
.6
.3
.6.1
.4

1951

1952

1953

1954

I. BY SECTOR 1

!
2
3
4
5
6
7
8
9
10

NET INCREASE IN LIABILITIES
CONSUMER ANO NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLO

3.6
•
•
.5
.2
.2•
.1
.1
3.0

4.9
.1
.5
.2
•
•
.1
.1
3.8

3. 1
.2
.1
.4
.2
.8
.1
.1
.2
1.1

11
12
13
14
15
16
17
18

NET INCREASE IN ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD
DISCREPANCY 3

3.6
.1
3.1
.1.1.6
•
«

4.9
.1
4.4
.1
•
.3
•
•

3.1
.2
1.6
.9
.1
.4
•
•

1.3
.2
.8
.1
.2
•
•

19
20
21
22
23

OPEN MARKET PAPER 5
NET BORROWING BY CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

.3
.1
•
.1
•

.2
•
•
.1
•

.2
•
»
.2
•

24
25
26
27
28

NET LENDING BY

.1
.1
•

.1
.1
•

.2
•
•

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY-FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORPORATE BUSINESS
SAVINGS AND LOAN ASSOCIATIONS
REST OF THE WORLD
NONPROFIT ORGS.

3.1
•
.2
.2.1
2.9
-

4.4
•
.4
•
.1
3.8
-

1.5
.1
.2
•
.1
1.1
-

.2

1.9
.3
.1
.5
.3
.1.3
•
.4
.2

2.3
.1
.1
.3
.2
.4
.3
.1
.4
.4

2.3
.3
•
.2
.1
1.5
.3.1
.2
.3

•
I
.3 2
.1
3
.3 4
»
5
.1 6
.3- 7
.1- 8
.1- 9
.1-10

1.3
•
.9
.4.2
.6
.1
•

1.9
.3
.9
.1
.2
.4
.1
•

2.3
.3
l.l
.5
.1
.2
•
•

2.2
.2
.1
1.6
.2
.1
.1
•

.1 11
.2-12
.4-13
.3 14
.3 15
.1-16
.2 17
•
18

.2
•
•
.2
•

.2
.1
•
•
.1

.5
.1
•
.4
.1

.4
.1
•
.4
•

.3
•
•
.2
•

.3 19
.2 20
.1 21
.1-22
.1 23

.2
•
•

•
.1
.1

.3
.1
.1

.3
.1
•

.2
•
-

.2-24
.2 25
• 26
• 27
.2 28

.8
•
.3
.1
.1.5
-

•9
.1
.3
•
.4
.1
-

.9
.1
.3
•
•
.2
-

1.1
.1
.2
•
.1
.4
-

•
•
.1
•
.1
.2
-

.5-29
.1 30
.2 31
.1-32
. 1-33
.2-34
- 35

»

II. BY TYPE 4

CORPORATE BUSINESS
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

36

CCC- GUARANTEED LOANS AND CTFS. 8

.2-

•

.8

.1

.6-

.1-

.4

1.5

.1 36

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS - U.S. GOVT.
LIFE INSURANCE COMPANIES

.1•
.1-

•
•
•

.1
•
.1

.2
•
•2

.2
•
.2

.2
•
.2

.1
•
.1

.2
•
.2

.2 37
• 38
.2 39

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY-NONCORP. BUS.
CORP. BUS.

.5
.3
.3

.2
.1
.1

.4
.2
.2

•
•
•

.5
.3
.3

.3
•2
.2

.2
.1
.1

.1
.1
.1

.1-40
.1-41
.1-42




88

OTHER LOANS

OTHER LOANS

OTHER LOANS

TABLE 31.

IN BILLIONS OF OOLLARS

ANNUALS

ANNUAL FLOWS

31A.

1955

1956

1957

1958

1959

ANNUALS

1960

1961

1962

I. BY SECTOR 1

1
2
3
4
5
6
7
8
9
10

NET INCREASE IN LIABILITIES
CONSUMER ANO NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

1.1
.3
•
.8
.3
1.1•
.5
.2
•

.9
.3
.1
.4
.1
.3.1
.2.2
.2

2.7
.5
.2
.6
.6
.4.2
•
.5
.5

2.1
.4
.2
.2
.2
.4
.2
•
.1.6

3.4
.6
.2
.9
.7
.6.2
.8
.5
.1-

6.3
.8
.1
1.1
1.5
.5
.3
.2.9
1.2

4.5
.7
.2
.5
.7
.2
.3
.7
•
1.3

6.4
.6
.3
.9
1.1
.2
.6
.8
1.1
.8

1
2
3
4
5
6
7
8
9
10

11
12
13
14
15
16
17
18

NET INCREASE IN ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD
DISCREPANCY 3

1.2
.1
.9
1.3.3
1.3
.2•

.9
.1
.3
.1.2
.2
.2
»

2.8
.3
.9
.2.5
1.1
.2
.1-

2.2
1.4
.6
.2
.1
.1•

3.4
.5
1.6
.6.5
1.5
.1.1-

6.3
.6
1.1
1.4
.8
1.9
.5
•

4.5
.1
2.2
1.1
.4
.7
.1
•

6.4
.8
3.2
.5
.6
1.2
•
•

11
12
13
14
15
16
17
18

19
20
21
22
23

OPEN MARKET PAPER 5
NET BORROWING BY CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

.1.3.1.2
•

.5
.1
.1
.2
.2

.8
.1
.1
.5
.2

•
.2
•
.1.1-

.4
.1«
.5
.1-

2.2
.5
.1
.9
.6

.8
.2
•
•
.6

1.3
.2
•
1.1
*

19
20
21
22
23

24
25
26
27
28

NET LENDING BY

.1
.2.2
.1
.2-

.1
.1
•
.1
.2

.3
.1
.1
.1
.2

»

.5
•
•
.1-

.6
.9
.2
.1
.5

.1
.8
.1.1

.8
.3
.2
•

24
25
26
27
28

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY-FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORPORATE BUSINESS
SAVINGS AND LOAN ASSOCIATIONS
REST OF THE WORLD
NONPROFIT ORGS.

.9
•
.4
*.
.5
•
•

.3
.1
.3
•
.2.1
•

.9
•2
•
.1
•
.3
•

2.1
.2
.1
.1
.7
.7
•1

3. 1
.3
.2
.3
.8
.8
.1

29
30
31
32
33
34
35

«

II. BY TYPE 4

CORPORATE BUSINESS
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

36

CCC- GUARANTEED LOANS AND CTFS. 8

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS - U.S. GOVT.
LIFE INSURANCE COMPANIES

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY-NONCORP. BUS.
CORP. BUS.




.2
.1•
.11.3
.2
.2
•
•
.6
.1

1.6
.2
.1
•
.8
•
.1

1.1
.1
•
.1
.2.6
.1

.3-

.4-

.4

.6-

.5

.2

.2

36

.4
«

.2

.3
•
.2

.4
•
.3

.5
•
.4

.7
•
.6

.5
.1
.5

.5
•
.5

37
38
39

1.2
.6
.6

.1
•
•

1.0
.5
.5

1.4
.7
.7

1.8
.9
.9

.7
.4
.4

1.2
.6
.6

40
41
42

1.1-

.2
«

89

.4

•
•
•

SECURITY CREOIT

SECURITY CREOIT

TABLE 32.

SECURITY CREDIT

IN BILLIONS OF OOLLARS
32A.

ANNUALS

1946

2
3
4
5
6
7
8

9
10
11
12
13
14

NET CHANGE IN LIABILITIES
CUSTOMERS 1
SECURITY LOANS FROM BANKS
CUSTOMER OEBIT BALANCES

BROKERS ♦ DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1
NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING

FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN. BANKS

1947

5
6
7
8
9
10
11
12
13
14

NET CHANGE IN LIABILITIES
CUSTOMERS 1
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES

BROKERS ♦ DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING

FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN. BANKS




1953

1954

.9
.5
.1
.4

2.1
l.l
.3
.8

1
2
3
4

.5
.4
•

.4
•
•
.3

.3.2•
.1-

.4
.5
•
.1-

.4
.3
.1
•

1.0
.6
.1
.3

5
6
7
8

.2
•
.3

.8
•
.3

1.1
.3
.2

.4.1.3-

.6
.1.6

.9
•
.4

2.1 9
.3 10
.9 11

•
•
-

•
•
-

.4
.4
*

.6
.5
»

•
.1•

.1
.1
•

.5
.4
.1

.9 12
.8 13
.1 14

1956

1957

1961

1962

1.61.7*

4.3•
3.7-

.8
.3
. 1.4

.8.7.1-

.5
.5
•

1.2. ll.l-

32A .

1.0
.7
.2
.4

1952
.6
.2
.1
.1

.2
.3.3•

ANNUALS

1
2
3
4

1951

.4.2.1. 1-

1.2.4.4•

1955

1950

1.1
.7
.2
.5

4.32.72.0.7-

.7.7-

ANNUALS

ANNUAL FLOWS

1949

1948

ANNUAL FLOWS

ANNUALS

1958

1959

1.7
1.2
.2
1.0

.1
•
•
•

.4
.1-

.6
.2
•
.3

•
•2
•
.2-

.5
.3
.1
.2

»

I960

.6•
.1*

.3.4. 1.3-

.3
.3
.1
.1-

.6.7.1
*

.1
•
.1
•

1.0
. 1.6

.6•
.8-

.3•
.1-

1.7
.3
.4

.1
• 2•2

.4
.1
.2

2.2
.1
1.1

.1

.2.3.1

1.0
1.0
•

»
«

»

1.1
l.l
•

.5
.4
.1

90

»

.1

•

»

.1-

.1.1

2.2
1.4
.3
1.1

.8
.2•
.2-

1
2
3
4

.9
.8

.9
1.1
.2•

5
6
7
8

.1

.8
•
1.1
.3.2.2-

9
10
11
12
13
14

T^ADE CREDIT

TRADE CREDIT

TABLE 33.

TRAOE.CREDIT

IN BILLIONS OF DOLLARS

ANNUALS
l
2
3
4

5
6
7

33A.

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES 2

CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

1947
2.2
.1
.2
1.0-

1948
2.3
.1
.3
.4

1949
1.0*
.2
.2

3.0
2.0.1

3.4
.7.2

1.3
.1
2.4
2.3
.1

8
9
10
II

NET CHANGE IN ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE 5

2.0
2.7
.8.1

5.1
5.1
.1.1

12

DISCREPANCY <1-8)

1.9-

2.9-

.1-

5
6
7

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES

CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

2

1955
9.0
.1
.1
.1

1956
4.8
.2
.1
.2

1957

ANNUALS

1950
7.4
.1
.2
.3-

1951
4.5
.3
.8-

1952
1.7
.2
.2
1.0-

1.6-1

6.1
1. 1
.1

3.4
1.6

2.2
.1
.1

.3.2.1

.4 5
.2- 6
.2 7

.8.8.1

10.7
10.3
.4
*

4.5
3.5
.9
.1

4.0
3.0
1.0
.1

• 8.8•
.1

3.8 8
3.5 9
.2 10
.1 ll

•

2.3-

.9

2.1- 12

.3-

33A .

ANNUALS

1
2
3
4

ANNUAL FLOWS

1946
.1
.1
.1
1.2-

3.3-

1953
.1
.1
.1.5

ANNUAL FLOWS

.1
•
.5

1958
2.7
.1
.2
.5-

1959
1.7
.1
.2
.3-

1954
1.8
.1
•
1.1

1
2
3
4

ANNUALS

1960
.8
•
.1
.1-

1961
2.8
.1
.1
•

1962
1.5
*
.3
. J

1
2
3
4

8.0
.1.2

3.9
.3
.1

1.0.2
.2

2.7
.1
.2

2.1
.1
.1

.4
.2
.1

2.2
.2
•I

.1
.3
.1

5
6
7

8
9
10
11

NET CHANGE IN ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE 5

9.6
9.6
.2-

5.9
5.7
.1
.1

1.6
1.5
.1.2

5.7
6.1
.5.1

6.2
6. 1
•
.2

4.4
4.2
.1
.2

7.8
7.7
•
.2

5.6
5.1
.2
.3

8
9
10
11

12

DISCREPANCY (1-8)

1.2-

1.1-

1.6-

3.0-

4.0-

3.6-

5.0-

4.1-

12




91

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS
IN BILLIONS OF DOLLARS

34A.

1948

ANNUAL FLOWS

1949

ANNUALS

1950

1951

1952

1953

.5
.4
.1
.9

.1
.3
.9
.1
.1
.5

1.0
.3
.2
1.1

.1
.1
.8
.1
.1
.5

1954

I. BY SECTOR 1
1
2
3
4
5
6
7

TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLD

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATEBUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

17

DISCREPANCY

II.

.4.7
1.2.1.1

.7.11.0

1.2.2

.5
.3

.51.0-

.1
1.0
.3.5-

.2.7

.2-

2.5
.3

.1
.9
.3
.6
.1
.1

.1
.2.7
.5

.6
.3
.1
.1
.8
.3
.I
.2
.2-

1.6
.3

.2.3

2.3
.4
.1
.2
.7

.2
.1
.6

1.5
.5
.1
.2
.1
.8.2
.2

.5
.1
.2
.9
. I.1
.2
.1

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

»
10
.1 11
.1-13
.4 14

BY TYPE

(A) DEPOSITS

18
19
20
21

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
UNALLOCATED INTEREST ACCRUALS 10
OTHER UNALLOCATED

22
23
24
25

FOREIGN CURRENCY EXCEPT OFFICIAL
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

26

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

27

DEP. AT BANKS IN U.S. POSS. AND TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

28

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS It
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

.2.1

.3-

.1
.1

,2
.1
.1
.1

.3-

.3
.2
*

18
19
20
21

.1
•
.1
.1

22
23
24
25

(B) EQUITIES

29
30

31

COML. BANK CLAIMS ON
LIABILITY - REST OF
COML. BANK LIABILITY
ASSET - REST OF THE

.7

.5

.7

.7 28

.1

.1

.1

.1 29

FGN. BRANCHES
THE WORLD
TO FGN. BRANCHES
WORLD

U S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION
LIABILITY - MONETARY AUTHORITIES

•

30

.1-31

.2-

1.5

.4

.2

.3-

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WORLD

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

.1
.1

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




32

.1
.1

.1 34
.1 35
* 36

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACT IONS<CONTINUEDI

IN BILLIONS OF OOLLARS
34A .

ANNUALS
1946

1947

1948

ANNUALS

ANNUAL FLOWS

1949

1950

1951

1954

1952

1953

.1
.1
•
•

.1
.1
•
•

.2•
.2•

1
2
3
4

1.0
.2
.2
.1
.5

.8
.1
.2
.1
.5

.6
•
.1
•
.4

5
6
7
8
9

<C> FLOATS

I
2
3
4

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED

l.ll.l•

.5.6•
.1-

. 1•
•
•

.1
.1
•
.1-

.2
.1
•
.1-

.2.2•
.1

.8
.3
.1
.1
.3

.7
.3
.1
.1
.3

.7
.2
.1
.1
.3

.5
•1
.1
•
.3

.9
.2
.2
.1
.4

(0) OTHER

5
6
7
8
9
10

11

12
13

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT

UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS 9
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED
UNIDENTIFIED ITEMS FOR REST OF THE WORLO 11
ASSET - REST OF THE WORLD
LIABILITY - UNALLOCATED
LIABILITY - REST OF THE WORLD
ASSET
UNALLOCATED

.7
.3
.1
.1
.2

.6-

.6

.1

.2

.4

.8-

.1

.3 10

.4

•

.2

.1

.3

.2

.3

.2

.4 11

.4-

1.0-

.3-

.3-

•

.1

.2

.1

.1-

.3

•

»

.3- 12

•

.2

.2

.2-

.2 13

•

.4 14

.2
.2•
•
.1

.4 15
• 2 16
17
* 18
•
19
• 20
.2’•21

.1
•

.3 22
.3-23

(E) SUMMARY ON DISCREPANCIES
14

TOTAL DISCREPANCY (1-8 J

.3

.2

.7-

.3

.4

.2-

15
16
17
18
19
20
21

UNALLOCATED LIABILITIES
COML. BANKS
REST OF THE WORLD
U.S. GOVT. INTEREST ACCR.
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
DEP. AT BANKS IN U.S. POSS.
FLOATS

.4
.1
.4•
•
1.1-

»
.2
.4•
•
.5-

.2
.1
.2•
.1.1-

.1
.1
.3•
•
.1

.3

•
•
•
•2

.2
.2
.2
•
•
.2-

22
23

LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS
REST OF THE WORLD

l.O.3-




93

.6.3-

.6
•

#

2
1-

.4
.3

1.2
.3
.2
.2•
•
.1

♦

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS

IN BILLIONS OF DOLLARS
ANNUALS

ANNUAL FLOWS

34A.

ANNUALS

1955

1956

1957

1958

1959

1960

1961

TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
commercial BANKING
FINANCE N.E.C.
REST OF THE WORLD

2.4
.2
•
.7
.1
.2
1.2

5.8
.2
.6
.7
1.2
.5
2.6

4.9
.1
.4
1.0
.3
.3
2.8

3.0
*
.1
.9
.2
.3
1.5

5.2
.1
.1
1.1
1.9
.1
1.9

6.7
.1
.5
.9
1.5
.6
3.0

5.9
.1
.3
.8
1.5
.9
2.3

2.5
.1
.2
.7
. 1.21.7

1
2
3
4
5
6
7

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

2.0
.5
•
.2
.7
.1
.1•
.5

5.0
•2
.1
.1
2.2
l.l
.4
.1
.9

5.0
.3
.1
.2
2.5
1.0
.6
*
.2

2.7
.3
•
.1
1.5
.3
.1.2
.3

4.7
.4
.1
.2
1.9
.4
1.1
.1.9

4.6
.3
•
.1
2.2
.1
.8
.5
.6

4.9
.3
.1
.2
2.0
.2
.8
.4
1.1

2.3
.2
•
.1
1.9
.6.4
.1
.1

8
9
10
11
12
13
14
15
16

17

DISCREPANCY

2.2

.9

.2

17

.3
.3
•

.2
.2
.1-

.1
•
.2
.1-

18
19
20
21

.5

.3
.1
•
.1

.2♦

22
23
24
25

.2-

26

•

27

1962

I. BY SECTOR I
I
2
3
4
5
6
1

.4

.8

.2-

.3

.5

18
19
20
21

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
UNALLOCATED INTEREST ACCRUALS 10
OTHER UNALLOCATED

.1.1-

.5
•
.5

.3
•
.1

•
.2
•
•

•
.2.2

22
23
24
25

FOREIGN CURRENCY EXCEPT OFFICIAL
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

.2
•
.2
•

.4
•
.5

.7
•
.7
•

.3
.3
•

.3
•
.3
•

26

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

.1

.4

.1

.2

.1

27

DEP. AT BANKS IN U.S. POSS. AND TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

.1

.1

.1

•

28

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS U
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

.7

1.9

2. 1

1.1

1.4

1.7

1.6

1.6

28

.2

.2

.1

*

.1

.1

.1

.1

29

»

•

»

•

»

•

•

•

30

•

.1

.3-

•

.2

.4

.1

.2-

31

.1-

.6

.3

•

.1

.4-

.2

.7-

32

II.

BY TYPE

(A) DEPOSITS

»

»

.4

.5

.8

»

.1

(B) EQUITIES

29
30

31

COML. BANK CLAIMS ON
LIABILITY - REST OF
COML. BANK LIABILITY
ASSET - REST OF THE

FGN. BRANCHES
THE WORLD
TO FGN. BRANCHES
WORLD

32

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION
LIABILITY - MONETARY AUTHORITIES

33

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WORLD

34
35
36

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

37

5

•

.1
.1
•

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




.1
.1
•

33

.1

.1
.1
»

.1
.1
•

.1
.1
•

.2
.1
.1

•2
.1
•

34
35
36

.1
•
•

•

9H

37

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACT IONS!CONTINUEO)

IN BILLIONS OF OOLLARS
ANNUALS
1956

1957

ANNUALS

ANNUAL FLOWS

34A.
1955

1958

1959

1960

1961

1962

<C> FLOATS
1
2
3
4

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED

.3
.2
•
.1-

.1
.1
•
.1-

.7
.1
•2
»
.5

.7
.3
.1
.1
.2
.4

•

.5

.4•
.1.3

.1
.1
•
•

.7
.2
.4
.2-

•
.1
.2.1-

.9
.7
.1
.1-

.9
.5
.1
•
.3

.8
.3
.2
.1
.3

.3
.71.7
.7

1
2
3
4

.7
.3
.1
•
.2

5
6
7
8
9

(D) OTHER

5
6
7
8
9
10
11

12
13

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT

UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS 9
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED

UNIDENTIFIED ITEMS FOR REST OF THE WORLD 11
ASSET - REST OF THE WORLD
LIABILITY - UNALLOCATED
LIABILITY - REST OF THE WORLD
ASSET
UNALLOCATED

1.0
.4
.2
.1
.3

.9
.4
.1
•
.3

1.1
.6
.2
.1
.4

.4

.1

1.1

.7

.6

.8

10

.6

.2

.9

1.5

.3

.5

u

.2

.2

.3

.1

.5

.5-

.2

.3

12

.3

.3

•

•

.2

.7

.4

.4

13

.4

.8

.2-

.3

.5

2.2

.9

.2

14

•
.3
•
•
•
.3

.5
.3
.5
•
•
.1
.1

.6
•
.1
•
•
.1
.4-

.2
•
•
•
•
.1
.1

.9
.2
.2
•
•
.7

1.5
.7
•
.1
.1
•

.3
.4
.1•
.1
.9

.5
.4
.2
.1•
•
.3

15
16
17
18
19
20
21

.2

.4
.2

.4
.3

.1
.1

1.1
.5

.6
.2

.8
.3

22
23

IE) SUMMARY ON DISCREPANCIES

14

TOTAL DISCREPANCY (

)

unallocated LIABILITIES
15
16
17
18
19
20
21
22
23

COML. BANKS
REST OF THE WORLD
U.S. GOVT. INTEREST ACCR.
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
DEP. AT BANKS IN U.S. POSS.
FLOATS
LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS
REST OF THE WORLD




95

.7
.5-

DISCREPANCIES

DISCREPANCIES

TABLE 35.

DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS

IN BILLIONS OF DOLLARS

1946

1947

1948

ANNUALS

ANNUAL FLOWS

35A.

ANNUALS

1949

1950

1951

1952

1953

1954

SECTORS 1
2
3
4
5
6

TOTAL
CONSUMERS
CORPORATE BUSINESS
FEDERAL GOVT.
STATE + LOCAL GOVTS.
REST OF WORLD

FINANCIAL SECTORS 7 BANKING
8
MONETARY AUTHORITIES
9
COMMERCIAL BANKS

3.23.5.4.21.2
.3

5.54.7.8
1.5.4
.9

.3.2.1-

•
.1
.2-

•
1.72.6
1.8.5
1.3
•
•
•

1.81.7.3
.2
.5.6

.6—
.1.2
.2.2
.5

.3.41.0
.2.1.3

.7
*
.6

.1.2
.3-

.2.1
.2-

.1
•
.1

.2.7
.3
.3.2
.7

1.31.2.6
.7
.4.3-

.5.3.2-

4.61.1.5.71.0.2

I
2
3
4
5
6

.5- 7
•
8
.5- 9

• 4—

1.3-

1.0-

1.2-

1.2-

.5-

1.0-

.9-

1.0-10

11
12
13

INSURANCE
NONLIFE
LIFE

.2.1
.3-

1.0.4.7-

.7.1. 5—

.9»

.9-

.8.1.7-

.5.1
.6-

.6•
.6-

.7.2.5-

.7-11
.1-12
.6-13

14

FINANCE N.E.C.

.2-

.2-

.4-

.3-

.4-

•

.5-

.2-

.3-14

10 NONBANK FINANCE

TRANSACTIONS 15 TOTAL

3.2-

5.5-

•

.1-

1.3-

1.8-

.6-

.3-

4.6-15

16 NONFINANCIAL

2.0-

3.6-

.6

.5-

.7

2.0-

1.5-

1.5-

1.0-16

•

•

•

•

17 GOLD + TREAS. CURR.

DEMAND DEPOSITS
18
FEDERAL
19
OTHER

.4
.3

.2
.7

.1
.4-

.1
.3

20 FEDERAL OBLIGATIONS
21 3THER LOANS

.2•

.1
•

.5
•

.1
•

1.9.3

2.9.2

. 1.7-

.3.3

22 TRADE CREDIT
23 MISCELLANEOUS

35A .

ANNUALS
1955

1956

1957

•

.1l.l
•
•

.1
.1

•
1.6

.3
•

♦

*
.2-

3.3.4

«

.5

2.31.2

•
.2
. 1-

1959

17

» 18
1.6-19

.2
*

.1-20
• 21

.9
•

2.1—22
.4 23
ANNUALS

ANNUAL FLOWS

1958

*

1960

1961

1962

SECTORS -

TOTAL
CONSUMERS
CORPORATE BUSINESS
FEDERAL GOVT.
STATE + LOCAL GOVTS.
REST OF WORLD

.81.62.0
.2
.6.5

FINANCIAL SECTORS 7 BANKING
8
MONETARY AUTHORITIES
9
COMMERCIAL BANKS

.5
•
.5

1
2
3
4
5
6

10 NONBANK FINANCE

1.3
2.33.1
1.0
.7.6

3.64.5—
1.0
.2
.1
.7

2.94.64.0
.3
.2.4

.1
.1
.1-

.2*
.2-

.7•
.7-

.13.53. 1
.6
.3.6
.3
.1
.2

.5.23.3
.6
1.5.7•
.1.1

3.03.03.8
.3
.5.9-

.2♦

.2-

4.04.4—
2.6
.3
.5
1.4-

1
2
3

.5
.3
.1

7
8
9

4

5
6

1.3-

.6-

.9-

2.1-

1.4-

2.1-

2.5-

2.1-

10

11
12
13

INSURANCE
NONLIFE
LIFE

.4.1
.6-

.1.2
.3-

. 1•
.1-

1.0.1.9-

.5.2.3-

.5•
.5-

1.2.3.9-

1.9.6—
1.3-

ll
12
13

14

FINANCE N.E.C.

.9-

.5-

.8-

1.1-

.9-

1.5-

1.4-

.2-

14

2.9-

.5-

15

TRANSACTIONS -

15 TOTAL

16 NONFINANCIAL

.1-

.8-

1.3

3.6-

3.0-

4.0-

1.4-

1.3

.7-

.6

1.6

1.4

.6

1.6

16

.1-

*

17

17 GOLD + TREAS. CURR.

•

.1-

.1-

.1-

•

•

DEMAND DEPOSITS
FEDERAL
OTHER

•
1.5

.1
.2-

•
1.4-

.5-

•
.9

.1-

18
19

20 FEDERAL OBLIGATIONS
21 OTHER LOANS
22 TRADE CREDIT
23 MISCELLANEOUS




1.0

.11.4-

18
19

.2
•

.4
•

.4
.1-

.2•

.6
.1-

.3•

.5*

.2•

20
21

1.2.4

1.1.8

1.6—
.2-

3.0.3

4.0.5

3.62.2

5.0.9

4.1.2

22
23

96

SAVING AND INVESTMENT

SAVING ANO INVESTMENT

TABLE 2.

SAVING* INVESTMENT, ANO

FINANCIAL FLOWS

IN BILLIONS OF DOLLARS

SAAR

I.

2S.

SEASONALLY ADJUSTED
4

1

2

78.8
50.6
9.5
17.9
2.6
1.4.4—

75.6
50.8
9.5
15.6
1.01.52.2

74.1
54.4
9.5
15.2
4.71.1.8

80.7
53.6
9.6
18.6
3.11.13.1

80.2
27.7
5.2

76.1
29.1
2.1-

75.1
27.5
4.1

47.1
12.7
34.2
.3

47.9
13.0
34.6
.3

44.9
13.5
31.1
.3

TOT.

SAAR

ANNUAL RATES
1953
3

4

TOT.

81.6
56.6
10.1
21.6
7.21.42.0

73.8
57.1
10.3
16.0
9.61.61.6

79.7
56.6
10.1
21.0
8.61.32.0

84.5
33.4
3.2

83.3
33.6
.7

75.4
31.2
4.6-

81.5 8
32.9 9
.4 10

49.9
14.4
35.2
.3

50.5
14.6
35.6
.3

49.9
14.3
35.3
.3

50.0
14.4
35.3
.3

1

2

77.3
52.3
9.5
16.8
1.51.31.4

81.9
56.0
9.8
23.3
7.71.92.3

81.7
56.8
10.0
23.2
10.0.52.1

83.4
32.1
5.1

78.7
29.1
3.1

82.9
33.2
2.5

47.4
13.8
33.3
.3

46.8
13.2
33.3
.3

49.6
14.2
35.0
.3

SAVING ANO INVESTMENT

I GROSS NATIONAL SAVING
2
CONSUMER AND NONPROFIT
3
FARM ANO NONCORP. BUSINESS
*
CORPORATE NONFIN. BUSINESS
5
U.S. GOVERNMENT
6
STATE AND LOCAL GOVT.
7
FINANCIAL SECTORS

8 GROSS NATIONAL INVESTMENT
9
CONSUMER OURABLE GOODS
10
BUSINESS INVENTORIES

11
12
13
14

1952
3

GROSS PVT. FIXED INVESTMENT
CONSUMER ANO NONPROFIT
NONFIN. BUSINESS
FINANCIAL SECTORS

NET FINANCIAL INVESTMENT
15
16 DISCREPANCY (1-8 )

.2
1.5-

1.2
.4-

1.41.0-

1.22.7-

.31.4-

2.41.1-

2.02.8-

1.51.7-

1.11.6-

!
2
3
4
5
6
7

11
12
13
14

1.7- 15
1.8- 16

II. FINANCIAL FLOWS SUMMARY

17 NET FUNDS RAISED-NONFINAN. SECTOR
18 LOANS ANO SHORT-TERM SECURITIES
19 LONG-TERM SECURITIES ANO MTGS.

37.1
19.3
17.7

31.3
12.4
18.9

30.0
24.1
5.8

32.0
8.8
23.1

32.6
16.2
16.4

30.9
34.3
3.4-

27.3
30.9
3.6-

38.6
5.6
33.0

18.7
14.7
3.9

28.9 17
21.4 18
7.5 19

BY SECTOR
20 U.S. GOVERNMENT
21
SHORT-TERM SECURITIES
22
OTHER SECURITIES
23 FOREIGN BORROWERS
24
LOANS
25
SECURITIES
26 PVT. OOMESTIC NONFIN. SECTORS
27
LOANS
28
CONSUMER CREOIT
29
BANK LOANS N.E.C.
30
OTHER LOANS
31
SECURITIES ANO MORTGAGES
32
STATE AND LOCAL OBLIGATIONS
33
CORPORATE SECURITIES
34
1- TO 4-FAMILY MORTGAGES
35
OTHER MORTGAGES

8.9
10.5
1.41.0
1.0
.127.2
8.0
2.5
5.5
•
19.2
2.6
6.5
6.9
3.2

4.5
4.3
1.21.2
.8
.4
25.5
5.9
5.8
.8.9
19.7
3.4
8.0
6.1
2.2

1.0
13.2
13.9.4
.4
•
28.6
8.8
4.6
2.8
1.4
19.8
3.9
7.0
6.8
2.0

4.7
.26.1
.6.6•
27.9
10.8
6.3
2.5
2.0
17.1
1.4
6.4
7.3
2.0

4.8
7.0
2.6.5
.4
.1
27.3
8.4
4.8
2.5
1.1
18.9
2.8
7.0
6.8
2.3

4.9
27.1
22.1.1
.1
.125.9
7.2
6.8
1.1
.718.7
3.0
5.1
7.8
2.8

5.0
26.8
22.3.6•
.522.9
3.7
4.2
1.1.6
19.2
3.4
5.7
8.0
2.1

15.8
.815.1
.3
.4
.122.5
4.5
3.0
.2
1.4
18.0
4.3
4.1
7.3
2.2

.7
12.9
16.3.5
.2
.3
17.5
2.41.5
3.4—
.519.9
4.7
5.8
7.3
2.2

6.6 20
16.5 21
11.4--22
.1 23
.2 24
.1--25
22.2 26
3.3 27
3.9 28
.8--29
.2 30
18.9 31
3.9 32
5.2 33
7.6 34
2.3 35

36 NET SOURCES OF CREOIT <=17>
37
CHG. IN U.S. GOVT. CASH BALANCE
38
U.S. GOVT. LENDING
39
FOREIGN FUNOS
40
PVT. INSUR. AND PENSION RESERVES
41
SOURCES N.E.C.

37.1
4.9
2.0
1.55.9
10.5

31.3
2.2
1.5
1.3
5.2
6.5

30.0
.91.6
2.8
6.5
3.1

32.0
.5
1.7
1.7
5.5
5.6

32.6
1.7
1.7
1.1
5.8
6.5

30.9
2.9.1
3.1
6.0
3.7

27.3
7.11.0
1.4
6.1
4.0

38.6
10.0
1.3
2.0
5.6
3.8

18.7
5.3.21.9
6.3
4.8

28.9 36
1.3--37
.5 38
2.1 39
6.0 40
4.1 41

42 PVT. OOMESTIC NONFIN. SECTORS
DEPOSITS ANO U.S. GOVT. SECUR.
43
44
OEPOSITS
45
DEMAND OEP. ANO CURRENCY
46
TIME ANO SVGS. ACCOUNTS
47
AT COMMERCIAL BANKS
48
AT SAVINGS INSTIT.
49
U.S- GOVT. SECURITIES
50
OTHER SECURITIES ANO MTGS.
LESS SECURITY DEBT
51

15.2
11.3
12.8
5.4
7.4
3.0
4.4
1.64.3
.4

14.6
8.2
9.9
3.4
6.6
2.1
4.5
1.76.6
.2

16.8
14.1
12.2
3.8
8.4
2.7
5.7
1.9
3.4
.7

16.8
14.1
12.1
3.5
8.6
3.3
5.3
2.0
2.7
•

15.9
11.9
11.8
4.0
7.7
2.8
5.0
.2
4.2
.3

20.9
17.4
12.7
4.8
7.9
2.4
5.6
4.6
4.3
.8

22.0
16.6
10.0
1.0
9.0
3.1
5.9
6.6
6.1
.7

15.8
12.3
8.5
.18.6
2.6
5.9
3.8
3.5
.1-

11.2
6.3
7.9
1.08.9
3.4
5.5
1.65.3
.4

17.5
13.1
9.8
1.2
8.6
2.9
5.7
3.3
4.8
.5

42
43
46
45
46
47
48
49
50
51

52 NET FUNOS ADVANCED-TOTAL
S3
U.S. GOVT. SECURITIES
54
OTHER SECURITIES ANO MTGS.
55
LOANS
BY SECTOR
56 BANKING SYSTEM
57 SAVINGS INSTITUTIONS
58 INSURANCE ANO PENSION FUNOS
59 FINANCE N.E.C.

31.9
9.6
14.6
7.7

25.8
3.8
14.4
7.5

19.6
4.516.8
7.3

28.7
2.5
14.7
11.5

26.5
2.9
15.2
8.5

24.7
.115.2
9.7

14.7
3.214.8
3.1

32.4
10.1
15.9
6.4

15.4
2.416.0
1.8

21.8
1.1
15.5
5.3

52
53
54
55

18.3
4.4
7.3
1.9

10.6
4.3
5.9
4.9

5.4
5.7
9.1
.6-

10.0
6.0
7.1
5.7

11.1
5.1
7.4
3.0

7.7
6.1
7.9
3.1

2.06.2
8.4
2.0

15.3
5.6
7.3
4.2

.4
5.7
8.1
1.1

5.4
5.9
7.9
2.6

56
57
58
59

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

31.9
.418.5
11.0
3.0
4.4
3.4
2.4
.6
.6
•
.1.8
6.5

25.8
2.2
14.4
7.3
2.4
4.7
2.7
2.6
2.1
.7
.3
.9
1.9
•

19.6
.8
11.1
2.5
2.9
5.7
3.8
2.7
1.8
.6
.1
1.0
2.51.8

28.7
3.1
12.6
3.2
3.9
5.4
2.7
2.8
3.8
.5
.6
2.5
1.4
2.3

26.5
1.4
14.1
6.0
3.1
5.1
3.2
2.6
2.1
.6
.3
1.1
.4
2.7

24.7
2.3
9.9
1.9
2.4
5.6
3.0
2.9
3.1
.5
1.0
1.4
.1
3.3

14.7
2.1
2.6
6.73.4
5.9
3.2
2.9
2.7
•6
2.4
.3.51.6

32.4
2.0
19.3
10.4
3.0
5.9
2.8
2.9
2.6
.4
1.5
.5
1.7
1.2

15.4
1.6
4.8
5.84.9
5.7
3.3
3.0
.5
.3
.7
.6.3
1.8

21.8
2.0
9.2
»
3.4
5.8
3.1
2.9
2.2
.4
1.4
.3
.4
2.0

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

III. FINANCIAL INSTITUTIONS

NET SOURCES OF FUNDS-TOTAL
GROSS SAVING
OEPOSIT CLAIMS
DEMAND OEPOSITS ANO CURR.
TIME DEP. AT COML. BANKS
OTHER SAVINGS ACCOUNTS
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT MARKET INSTRUMENTS
INVESTMENT CO. SHARES
CORPORATE BONDS
LOANS
SECURITY CREDIT
OTHER SOURCES, NET




37

SAVING ANO INVESTMENT

SAVING AND INVESTMENT

TABLE 2.

SAVING, INVESTMENT, AND

FINANCIAL FLOWS

IN BILLIONS OF DOLLARS

SAAR

I.

2S.

SEASONALLY ADJUSTED
A

TOT.

SAAR

ANNUAL RATES

A

TOT.

1

2

75.0
56.6
10.3
16.3
7.22.11.1

80.0
55. 1
10.3
17.5
2.12.51.8

78.7
53.3
10.3
17.5
.93.21.7

85.8
55.9
10.5
20.5
.A3.A2.7

79.9
55.2
10.A
17.9
2.72.81.8

92.8
101.2
105.6 106.5 101.5
61.7
61.7
63.6
6A.3
57.3
10.8
10.8
10.5
10.6
11.0
28.9
29.5
28.9
31.1
29.0
2.62.9
.5
l.A3.2
3.52.82.73.13.52.7
1.6
2.1
2.3
2.0

76.A
31.2
2.6-

79.9
32.2
2.6-

81.0
32.3
2.1-

86.9
33.9
.8

81.0
32.A
1.6-

96.6
38.2
A.5

102.0
39. 1
6. 1

106.7
Al.A
5.7

108.0
39.8
6.8

A9.A
1A.3
3A.7
.A

A9.9
1A.6
3A.9
.A

51.1
15.7
3A.9
.5

51.7
16.9
3A.3
.5

50.5
15.A
3A.7
.5

5A.A
17.0
36.9
.5

57.0
19.6
36.8
.5

59.6
20.6
38.5
.5

60. 5
20.1
39.9
.5

1

2

1955
3

SAVING AND INVESTMENT

I GROSS NATIONAL SAVING
2
CONSUMER AND NONPROFIT
3
FARM AND NONCORP. BUSINESS
A
CORPORATE NONFIN. BUSINESS
5
U.S. GOVERNMENT
6
STATE AND LOCAL GOVT.
7
FINANCIAL SECTORS
8 GROSS NATIONAL INVESTMENT
9
CONSUMER DURABLE GOODS
10
BUSINESS INVENTORIES

11
12
13
1A

195A
3

GROSS PVT. FIXED INVESTMENT
CONSUMER AND NONPROFIT
NONFIN. BUSINESS
FINANCIAL SECTORS

15
NET FINANCIAL INVESTMENT
16 DISCREPANCY (1-8 1

1.6l.A-

.3
.2

.22.A-

.5
1. 1-

.21.2-

.53.8-

. 1.8-

•
1.2-

.8
1.5-

1
2
3
A
5
6
7

103.3 8
39.6 9
5.8 10

57.9
19.3
38.0
.5

11
12
13
1A

•
15
1.8- 16

II. FINANCIAL FLOWS SUMMARY
17 NET FUNOS RAISED-NONFINAN. SECTOR
18 LOANS AND SHORT-TERM SECURITIES
19 LONG-TERM SECURITIES AND MTGS.

20.8
12.833.6

23.7
18.8A2.5

20.0
18.838.8

36.8
8.8
28.0

25.3
10.A35.7

32.9
11.0A3.8

Al. 1
A.7A5.9

3A.3
29.5
A.8

A3. 1
7.2
35.9

37.9 17
5.2 18
32.6 19

BY SECTOR
20 U.S. GOVERNMENT
SHORT-TERM SECURITIES
21
22
OTHER SECURITIES
23 FOREIGN BORROWERS
2A
LOANS
25
SECURITIES
26 PVT. DOMESTIC NONFIN. SECTORS
27
LOANS
28
CONSUMER CREDIT
29
BANK LOANS N.E.C.
OTHER LOANS
30
31
SECURITIES AND MORTGAGES
32
STATE AND LOCAL OBLIGATIONS
33
CORPORATE SECURITIES
3A
1- TO A-FAMILY MORTGAGES
35
OTHER MORTGAGES

2.8
13.012.6
.5
.1.6
17.5
2.9.72.5.3
20.A
A. 1
6.1
7.3
2.9

2.A
15.820.3
•
.1.2
21.3
.7.7
1.0.A22.0
6.0
5.3
8.3
2.5

A.A16.015.6
.3
.2
.1
2A.1
1.0
1.1
.8.7
23.1
3.6
6.A
10.3
2.7

6.8
2.35.8
.9
.9
•
29. I
6.9
3.1
3.1
.7
22.2
A. 3
2.A
12.5
3. 1

1.9
11.813.6
.A
.2
.2
23.0
1.1
1.1
.3.3
21.9
A.5
5.1
9.6
2.8

2.221.219.8
. 1.3
• A35.2
10.8
5.9
3.3
1.6
2A.A
3.2
A. 7
13.1
3. A

3.9
16. 122.9
.7
.7
•
36.5
13.6
7. 1
5.2
1.3
22.9
2.A
3.2
13.6
3.7

3.016.6
18.9.5
.A
.1
36.8
13.2
6.9
5.5
.9
23.6
3.9
3.6
12.5
3.6

1.1
7.58.6
.2
.1
.1
A1.8
1A.6
5.6
6.9
2.1
27.2
A.A
7.8
11.1
3.9

• 20
7.1--21
8.1 22
.3 23
.A 2A
• 25
37.6 26
13.0 27
6.A 28
5.2 29
l.A 30
2A.5 31
3.5 32
A.8 33
12.6 3A
3.6 35

36 NET SOURCES OF CREDIT (=17)
37
CHG. IN U.S. GOVT. CASH BALANCE
38
U.S. GOVT. LENDING
39
FOREIGN FUNDS
AO
PVT. INSUR. AND PENSION RESERVES
Al
SOURCES N.E.C.

20.8
1.0.82.A
6.3

23.7
3.7
l.A.9
6.8
A.3

20.0
6.9•
1.2
6.1
l.A

36.8
5.A
1.0
1.5
6.8
6.9

25.3
.3
.31.5
6.5
3.1

32.9
3.61.8
.5
6.9
5.A

Al. 1
.8
2.2
1.2
6.7
3.8

3A.3
3.01.5
1.1
6.9
3.2

A3.1
3. 1
.6
.A
6.8
5.9

37.9 36
.7--37
1.5 38
.8 39
6.8 AO
A.6 Al

A2 PVT. DOMESTIC NONFIN. SECTORS
A3
DEPOSITS AND U.S. GOVT. SECUR.
AA
DEPOSITS
A5
DEMAND DEP. AND CURRENCY
A6
TIME AND SVGS. ACCOUNTS
A7
AT COMMERCIAL BANKS
AT SAVINGS INSTIT.
A8
A9
U.S. GOVT. SECURITIES
50
OTHER SECURITIES AND MTGS.
LESS SECURITY DEBT
51

1A.0
8.6
11.7
2.0
9.7
3.1
6.5
3. 15.2
.1-

9.A
6.6
11.A
1.7
9.7
3.A
6.A
A.83.2
.A

18.2
16.8
18.6
8.0
10.6
3.5
7.0
1.72.7
1.3

15. 1
13.0
12.2
2.6
9.6
2.7
6.9
.7
3.7
1.6

1A.2
11.3
13.5
3.6
9.9
3.2
6.7
2.23.7
.8

21.8
19.8
1A.9
6.5
8. A
1.3
7.1
5.0
3.5
1.5

26.A
21.3
11.0
3.1
7.9
1.3
6.7
10.2
5.7
.6

2A.5
17.9
11.2
2.A
8.8
1.6
7. 1
6.7
7.2
.6

26.2
17.5
9.8
.7
9. 1
2.0
7.1
7.7
9. A
.6

2A.7
19.1
11.7
3.2
8.6
1.5
7.0
7.A
6.5
.8

52 NET -FUNDS ADVANCED-TOTAL
53
U.S. GOVT. SECURITIES
5A
OTHER SECURITIES AND MTGS.
55
LOANS
BY SECTOR
56 BANKING SYSTEM
57 SAVINGS INSTITUTIONS
58 INSURANCE AND PENSION FUNDS
59 FINANCE N.E.C.

19.1
2.0
16.6
.5

30.A
10.2
19.6
.6

22.5
1.1
20.8
.6

33.5
2. A
19.9
11.2

26. A
3.9
19.2
3.2

28.A
6.921.A
13.9

27.1
5.118.5
13.6

2A. 1
9.618.A
15.3

28. I
8.919.7
17.3

26.9 52
7.6--53
19.5 5A
15.0 55

5.2
5.6
8.1
.2

12.7
6.6
8.6
2.5

5.6
6.0
7.9
3.0

13.8
8.3
8.5
2.9

9.3
6.6
8.3
2.2

5.0
8.7
8.3
6.A

A.8
8.9
8. 1
5.3

1.7
8.5
8.A
5.5

7.7
6.7
8.A
5.3

A.8
8.2
8.3
5.6

56
57
58
59

60
61
62
63
6A
65
66
67
68
69
70
71
72
73

19.1
1.1
12.7
1.7
A.A
6.5
3.2
3.1
.2
•A
.1
• A.1
l.A-

22.5
1.7
12.3
1.3
A.O
7.0
3.1
3.0
1.0
.5

33.5
2.7
18.3
8.9
2.3
7. 1
3.6
3.2
2.3
.8
.9
.2
.3
3. 1

26.A
1.8
15.0
A.A
3.8
6.8
3.A
3.1
.9
.5
.3
.21.0
1.1

28. A
2.3
11.3
3.0
1.2
7.1
3.6
3.3
A.2
.7
1.5
2.5
1.3
2.A

27.1
2.7
12.2
A.3
1.1
6.8
3.2
3.5
7.1
.8
1.1
5.0
.71.0-

2A.1
1.6
9.0
.2
1.6
7.1
3.5
3.A
6.0
1.0
1.7
3.2
.3
.A

28. 1
2.0
13.5
A.7
1.5
7.3
2.9
3.9
A.6
1.0
1. I
2.3
.3
1.0

26.9
2.1
11.5
3. 1
1.3
7.1
3.3
3.5
5.5
.9
l.A
3.3
.3
.7

60
61
62
53
6A
65
66
67
68
69
70
71
72
73

A2
A3
AA
A5
A6
A7
A8
A9
50
51

III. FINANCIAL INSTITUTIONS

NET SOURCES UF FUNDS-TUTAL
GROSS SAVING
DEPOSIT CLAIMS
DEMAND DEPOSITS AND CURR.
TIME DEP. AT COML. BANKS
OTHER SAVINGS ACCOUNTS
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT MARKET INSTRUMENTS
INVESTMENT CO. SHARES
CORPORATE BONDS
LOANS
SECURITY CREDIT
OTHER SOURCES, NET




30.A
1.8
16.7
5.7
A.5
6.5
3.5
3.2
.3
.A
.3
.62.2
2.7

98

«

.1
l.A
.1-

SAVING AND INVESTMENT

SAVING AND INVESTMENT

TABLE 2.

SAVING, INVESTMENT, AND

FINANCIAL FLOWS

IN BILLIONS OF DOLLARS

SAAR

2S.

1
I.

2

SEASONALLY ADJUSTED
*

TOT.

1

SAAR

ANNUAL RATES
2

1957
3

*

TOT.

SAVING AND INVESTMENT

1 GROSS NATIONAL SAVING
2
CONSUMER AND NONPROFIT
FARM ANO NONCORP. BUSINESS
3
4
CORPORATE NONFIN. BUSINESS
5
U.S. GOVERNMENT
6
STATE AND LOCAL GOVT.
7
financial SECTORS
8 GROSS NATIONAL INVESTMENT
9
CONSUMER DURABLE GOODS
10
BUSINESS INVENTORIES
11
12
13
1*

1956
3

GROSS PVT. FIXEO INVESTMENT
CONSUMER ANO NONPROFIT
NONFIN. BUSINESS
FINANCIAL SECTORS

15
NET FINANCIAL INVESTMENT
16 DISCREPANCY ( 1-8)

106.4 108.5 108.9 111.2 108.8 111.6
110.3 111.8 103.6 109.3
69.1
71.0
67.4
62.8
67.0
69.2
69.1
67.0
68.6
69.6
10.9
11.4
11.6
11.9
12.0
11.1
11.3
11.9
12.0
12.1
24.9
25.8
24.1
27.1
27.2
26.3
24.6
25.0
24.9
26.0
7.0
5.9
5.4
3.6
7.3
7.0
3.6
4.3
1.2
7.6
3.43.82.53.03.73.13.84.63.13.32.4
1.5
1.4
1.6
1.7
2.0
1.5
2.0
2.6
2.0
105.6
38.8
6.2

106.6
38.2
4.4

107.5
37.7
4.0

112.4
39.4
4.0

108.0
38.5
4.7

113.4
40.4
2.3

112.5
40.4
2.7

112.8
40.9
2.5

61.0
19.7
40.8
•5

62.5
19.0
42.9
.5

63.3
18.8
44.0
.5

64.1
18.6
44.9
.5

62.7
19.0
43.2
.5

65.3
18.3
46.4
•6

64.8
18.2
46.1
.6

64.8
18.0
46.3
.6

1.5
1.9

2.6
1.3

23.9
18.6
5.3

26.5
18.0
8.5

.5.8

5.0
1.2-

2.1
.7

5.4
1.9-

4.7
2.2-

4.6
1.0-

1
2
3
4
5
6
7

104.1 110.7 8
40.4 9
39.7
1.6 10
1.2-

63.3
18.0
44.8
.6

2.3
.5-

64.6
18.1
45.9
.6

11
12
13
14

4.2 15
1.4- 16

II. FINANCIAL FLOWS SUMMARY
17 NET FUNOS RAISED-NONFINAN. SECTOR
18 LOANS AND SHORT-TERM SECURITIES
19 LONG-TERM SECURITIES AND MTGS.

35.6
20.3
15.4

BY SECTOR
20 U.S. GOVERNMENT
SHORT-TERM SECURITIES
21
22
OTHER SECURITIES
23 FOREIGN BORROWERS
24
LOANS
25
SECURITIES
26 PVT. DOMESTIC NONFIN. SECTORS
27
LOANS
CONSUMER CREDIT
28
29
BANK LOANS N.E.C.
OTHER LOANS
30
SECURITIES AND MORTGAGES
31
STATE AND LOCAL OBLIGATIONS
32
CORPORATE SECURITIES
33
34
1- TO 4-FAMILY MORTGAGES
35
OTHER MORTGAGES

2.7- 11.66.9
6.6
9.318.0.9
1.3
.9
.6
.4
.3
34.3
37.5
13.1
11.3
5.0 . 3.3
7.7
7.1
.4
.9
24.4
22.9
2.9
4.6
4.1
5.1
11.4 , 11.0
4.3
- 3.9

36 NET SOURCES OF CREDIT (=17)
CHG. IN U.S. GOVT. CASH BALANCE
37
U.S. GOVT. LENDING
38
39
FOREIGN FUNDS
PVT. INSUR. AND PENSION RESERVES
40
41
SOURCES N.E.C.

35.6
6.6
.8
1.8
6.2
5.4

42 PVT. DOMESTIC NONFIN. SECTORS
43
DEPOSITS AND U.S. GOVT. SECUR.
44
DEPOSITS
45
DEMAND OEP. AND CURRENCY
46
TIME AND SVGS. ACCOUNTS
47
AT COMMERCIAL BANKS
48
AT SAVINGS INSTIT.
49
U.S. GOVT. SECURITIES
50
OTHER SECURITIES AND MTGS.
LESS SECURITY DEBT
51

29.6
18.3
11.3

47.1
24.2
22.9

21.8
26.7
4.8-

38.3
.538.8

24.2
2.1
22.1

32.9 17
13.1 18
19.7 19

5.87.4
12.91.0
.6
.4
34.4
10.6
3.5
6.1
1.0
23.8
3.2
6.0
10.8
3.8

8.2
12.4
4.01.5
1.0
.5
37.4
10.9
2.9
6.3
1.8
26.5
4.0
9.5
9.8
3.2

13.51 7.4
30.71.0
.4
•6
34.4
9.1
3.1
4.3
1.7
25.2
4.4
9.5
8.5
2.9

6.1
6.713.3
.8
.4
.4
31.4
6.3
2.8
.5
3.0
25.1
4.9
8.0
8.4
3.9

5.5l.l3.52.3
1.9
.4
27.4
2.1
1.8
1.72.0
25.2
5.3
8.0
7.8
4.1

l.l--20
5.5 21
6.2--22
1.4 23
.9 24
.5 25
32.6 26
7.1 27
2.6 28
2.4 29
2.1 30
25.5 31
4.6 32
8.8 33
8.6 34
3.5 35

32.2
.6
1.6
1.1
7.1
2.1

29.6
•
1.2
1.2
7.1
4.2

47.1
9.6
2.8
1.27.5
5.8

21.8
U.41.7
.7
7.3
1.9

38.3
5.8
1.7
.37.0
3.4

24.2
3.33.4
.8
6.3
4.1

32.9
.2
2.4
•
7.1
3.8

12,9
3.6
10.1
2.112.2
5.0
7.2
6.47.9
1.3-

19.4 42
10.3 43
10.7 44
1.7--45
12.4 4-6
5.6 47
6.8 46
.4--49
'8.7 50
.4-•51

22.6 52
.9--53
17.8 54
5.7 55

32.2
16.3
16.0

7.9.98.9
7.2
8.216.0.9
1.0
.4
.5
.4
.6
33.4
32.2
9.5 .
8.4
2.8
3.0
5.83.6
1.8
1.0
23.9
23.8
3.2
2.2
7.4
7.3
10.5
10. I
3.9
3.2

23.9
26.5
6.7-'
.61.4
.9
.5
1.1
7.5
7.6
5.7
3.5

14.8
6.3
- 7.6
1.18.7
1.6
7.1
1.38.4
•

17.1
10.8
14.7
5.6
9.1
1.9
7.2
3.86.1
.2-

12.4
4.8
7.4
2.29.6
2.4
7.2
2.77.7
.1

19.7
11.0
13.7
3.3
10.3
3.1
7.2
2.7- 8.7
•

16.0
8.2
10.8
1.4
9.4
2.2
7.2
2.67.7
•

22.6
13.1
11.1
2.513.6
7.1
6.4
2.0
9.2
.3-

20.7
21.6
12.6
11.7
13.4
8.2
1*9
4.212.4
11.5
4.3.
5.8
6.6
7.2
.8-,
3.5
9.2
8.6
.3.3

28.2
2.518.6
12.1

17.5
9.018.5
7.9

18.2
5.318.0
5.6

23.8
.2
15.8
7.9

21.9
4.217.7
8.4

34.2
6.6
17.1
10.4

13.3
13.016.9
9.4

28.1
4.0
18.3
5.8

14.9
1.118.7
2.6-

.7
7.6
8.6
.5

1.4
7.0
8.5
1.2

7.3
7.0
7.6
1.8

4.8
7.4
8.1
1.7

14.9
8.1
8.7
2.4

4.97.0
8.7
2.5

8.4
7.0
8.5
4.2

1.16.9
7.9
1.2

17.5
1.5
8.8
l.l2.6
7.3
3.8
3.7
1.2
1.1
1.1
1.21.4.1-

18.2
1.4
6.7
2.72.2
7.2
3.8
3.8
1.1
1.2
.9
1.1.92.4

23.8
1.6
14.9
4.7
2.8
7.5
3.8
3.3
1.7
1.1
.5
.3.31.2-

21.9
1.7
11.1
1.8
2.1
7.3
3.6
3.5
1.8
1.1
1.0
.6.6.8

34.2
2.0
20.1
6.2
7.4
6.4
3.3
4.3
2.6
1.2
.3
1.0
.1
1.9

13.3
1.5
3.9
7.13.8
7.1
2.9
4.4
2.3
1.4
.7
•1
.11.5-

28.1
2.0
14.2
1.9
5.8
6.6
2.7
4.4
3.0
1.2
1.2
.1
1.1
.8

14.9
2.6
7.5
4.94.9
7.4
1.9
4.5
1.2
1.1
.7
1.0.42.3-

36
37
38
39
40
41

III. FINANCIAL INSTITUTIONS

52 NET FUNDS ADVANCED-TOTAL
U.S. GOVT. SECURITIES
53
54
OTHER SECURITIES AND MTGS.
55
uOANS
BY SECTOR
56 BANKING SYSTEM
57 SAVINGS INSTITUTIONS
58 INSURANCE AND PENSION FUNDS
59 FINANCE N.E.C.
60
61
62
63
64
65
66
67
68
69
70
71
72
73

NET SOURCES OF FUNDS-TOTAL
GROSS SAVING
DEPOSIT Claims
DEMAND DEPOSITS AND CURR.
TIME DEP. AT COML. BANKS
OTHER SAVINGS ACCOUNTS
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT MARKET INSTRUMENTS
INVESTMENT CD. SHARES
CORPORATE BONDS
LOANS
SECURITY CREDIT
OTHER SOURCES, NET




9.5 ,
8.0
7.6
3.0

28.2
2.4
14.2
6.5
.7
7.1
3.0
3.2
3.1
1.1
1.5
•1
•4
1.9

99

4.3
7.2
8.5
2.6

56
57
56
59

22.6 60
2.0 61
11.4 62
l.O--63
5.5 64
6.9 65
2.7 66
4,4 67
2.3 68
1.2 69
.7 7C
.1 11
. 1 12
.3--73

SAVING AND INVESTMENT

SAVING ANO INVESTMENT

TABLE 2.

SAVING* INVESTMENT, ANO

FINANCIAL FLOWS

IN BILLIONS OF DOLLARS
2S.

SAAR

I.

SEASONALLY ADJUSTED
4

TOT.

SAAR

ANNUAL RATES
2

1959
3

4

TOT.

1

2

91.1
66.6
11.9
19.6
4.24.71.9

88.5
65.5
11.9
21.6
7.04.91.5

95.3
103.2
72.4
71.3
12.0
12.0
33.4
26.3
9.910.35.65.61.2
L.2

114.7
115.7 115.6
94.5
121.8
110.2
68.9
74.1
73.4
74.5
73.2
77.2
11.9
12.7
12.4
12.5
12.3
12.2
35.7
32.3
32.8
35.2
25.2
40.2
7. 14.74.51.94.57.84.52.43.55.25.02.2.9
2.7
1.5
1.5
1.3
1.2

91.2
36.5
5.5-

89.7
36.3
4.0-

93.5 102.7
36.7
39.5
1.63.3

94.3 109.8
37.3
42.0
6.4
2.0-

59.3
18.0
40.7
.5

57.1
18.0
38.6
.6

57.5
17.8
39.2
.6

1

SAVING ANO INVESTMENT

1 GROSS NATIONAL SAVING
CONSUMER AND NONPROFIT
2
FARM AND NONCORP. BUSINESS
3
4
CORPORATE NONFIN. BUSINESS
U.S. GOVERNMENT
5
STATE AND LOCAL GOVT.
6
7
FINANCIAL SECTORS
8 GROSS NATIONAL INVESTMENT
9
CONSUMER DURABLE GOODS
10
BUSINESS INVENTORIES
11
12
13
14

1958
3

GROSS PVT. FIXEO INVESTMENT
CONSUMER AND NONPROFIT
NONFIN. BUSINESS
FINANCIAL SECTORS

NET FINANCIAL INVESTMENT
15
16 DISCREPANCY ( 1-8>

.9
.1-

.3
1.2-

.8
1.8

60.5
18.6
41.3
.6

.6.4

58.6
18. 1
40.0
.6

.4
.2

63.5
20.5
42.3
.7

2.1.4

121.5
44.4
11.5

111.7
44.9
1.1

115.5
43.1
7. 1

67.6
22.3
44.5
.7

67.6
23.3
43.6
.7

66.0
22.2
43.0
.7

2.0.3

2.03.1

.7.2

1
2
3
4
5
6
7

114.6 8
43.6 9
6.6 10

66.2
22.1
43.4
.7

11
12
13
14

1.7- 15
1.0 16

II. FINANCIAL FLOWS SUMMARY
17 NET FUNDS RAISED-NONFI NAN. SECTOR
18 LOANS AND SHORT-TERM SECURITIES
19 LONG-TERM SECURITIES AND MTGS.

36.3
11.4
24.9

43.2
18.561.7

28.0
1.0
27.0

64.4
20. 1
44.3

43.0
3.5
39.5

52.1
7.8
44.3

62.3
35.9
26.4

58.5
15.0
43.6

39.9
20.5
19.5

53.2 17
19.8 18
33.4 19

BY SECTOR
20 U.S. GOVERNMENT
SHORT-TERM SECURITIES
21
22
OTHER SECURITIES
23 FOREIGN BORROWERS
24
L-OANS
SECURITIES
25
26 PVT. DOMESTIC NONFIN. SECTORS
27
LOANS
28
CONSUMER CREDIT
BANK LOANS N.E.C.
29
OTHER LOANS
30
SECURITIES AND MORTGAGES
31
32
STATE AND LOCAL OBLIGATIONS
CORPORATE SECURITIES
33
1- TO 4-FAMILY MORTGAGES
34
35
OTHER MORTGAGES

6.6
9.8
4.12.5
1.1
1.4
27.2
.41.41.42.4
27.7
6.4
9.2
7.9
4.1

15.3
17.832.9
2.3
.9
1.4
25.7
1.8.81.7.7
27.5
6.5
7.2
8.9
4.9

6.53.43.52.4
1.6
.8
32.1
2.4
.2
2.1
.1
29.7
4.9
8.9
10.6
5.4

19.2
6.5
12.8
2. 1
.7
1.4
43. 1
13.0
2.6
8.4
1.9
30.1
4.2
6.5
12.9
6.4

8.6
1.29.5
2.3
1.1
1.3
32.0
3.3
.2
1.8
1.3
28.7
5.5
8.0
10. 1
5.2

11.5
2.415.0
.9
•
.9
39.7
11.3
6.2
2.9
2.2
28.4
3.8
5.5
13.4
5.7

11.3
17.2
5.81.3
1.0
.3
49.7
17.8
6.4
7.5
3.9
31.9
5.8
5.5
14.2
6.4

9.9
3.113.3
1.3
.5
.8
47.3
17.9
7.7
7.9
2.3
29.4
6.3
4.0
13.4
5.7

2. 1
10.4
7.3. 1.8.6
38.0
11.8
5.4
4. 1
2.3
26.1
3.0
6.0
11.6
5.5

8.7
5.5
3.8
.8
.2
.7
43.7
14.7
6.4
5.6
2.7
29.0
4.7
5.3
13.2
5.8

20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

36 NET SOURCES OF CREDIT (=1?)
37
CHG. IN U.S. GOVT. CASH BALANCE
U.S. GOVT. LENDING
38
39
FOREIGN FUNDS
40
PVT. INSUR. AND PENSION RESERVES
41
SOURCES N.E.C.

36.3
6.1
1.0
3.1
7.7
2. 1

43.2
10.2
.5
3.1
6.5
6.6

28.0
22.62.1
3.1
8.2
5.9

64.4
6.8
3.3
3. 1
8.7
5.3

43.0
.1
1.7
3. 1
7.8
5.0

52.1
1.24.3
2.3
8.7
7.4

62.3
2.05.8
6.7
10.0
6.6

58.5
4.4
3.7
4.1
7.4
6.9

39.9
1.5
1.5
1.3
9.2
2. 1

53.2
.7
3.8
3.6
8.8
5.8

36
37
38
39
40
41

42 PVT. DOMESTIC NONFIN. SECTORS
43
DEPOSITS AND U.S. GOVT. SECUR.
44
DEPOSITS
DEMAND DEP. AND CURRENCY
45
46
TIME AND SVGS. ACCOUNTS
47
AT COMMERCIAL BANKS
AT SAVINGS INSTIT.
48
49
U.S. GOVT. SECURITIES
OTHER SECURITIES AND MTGS.
50
LESS SECURITY DEBT
51

16.4
8.8
18.7
.5
18.2
9.4
8.8
9.99.4
1.8

16.2
13.5
23.6
5.0
18.7
10.3
8.4
10.14.0
1.3

31.4
20.4
22.4
9.2
13.2
4.2
9.0
2.110.7
.3-

37.2
28.1
17.6
4.9
12.7
4.0
8.6
10.5
10.0
.9

25.3
17.7
20.6
4.9
15.7
7.0
8.7
2.98.5
.9

30.5
27.0
15.7
5.1
10.6
2.2
8.4
11.3
4.3
.8

35.2
27.6
11.7
.512.2
3.5
8.7
15.9
7.7
.1

32.0
22.7
8.0
1.79.7
1.1
8.7
14.7
9.2
•

24.3
18.0
8.4
l.l9.5
1.8
7.7
9.6
6.1
.2-

30.5
23.8
11.0
.5
10.5
2.2
8.4
12.9
6.8
.2

42
43
44
45
46
47
48
49
50
51

41.9
17.6
21.2
3.1

56.0
25.8
28.1
2.1

7.8
7.319.7
4.6-

44.4
9.0
22.7
12.7

37.5
11.3
22.9
3.3

38.0
.525.5
13.0

31.4
9.023.9
16.5

31.7
8.721.7
18.7

21.4
10.521.8
10. 1

30.6 52
7.2--53
23.2 54
14.6 55

23.0
6.9
8.7
3.3

34.1
8.7
7.9
5.3

6.910.4
9.6
5.4-

19.6
11. I
9.8
3.9

17.4
9.3
9.0
1.8

10.8
11.0
9.8
6.4

4.3
12.0
11.4
3.7

5.6
11.3
9.3
5.5

.78.2
9.9
4.0

5.0
10.6
10. 1
4.9

41.9
1.9
29.2
7.2
13.2
8.8
2.5
5.2
.21.3
.8
2.42.1
1.2

56.0
1.5
35.4
16.5
10.5
8.5
2.8
3.7
*
2.1
.3
2.54.3
8.3

7.8
1.2
.613.43.8
9.0
3.8
4.4
1.21.2
1.11.34.64.7

44.4
1.2
26. 1
12.3
4.5
9.3
4.2
4.4
3.3
1.7
.7
.8
.5
4. 7

37.5
1.5
22.5
5.6
8.0
8.9
3.3
4.4
.5
1.6
.2
1.3.6
4.7

38.0
1.3
15.5
4.8
2.3
8.4
3.8
4.9
6’. 1
1.8
.9
3.2
1.7
4.6

31.4
1.2
8.2
2.72.0
8.9
4.7
5.3
6.6
1.7
.8
4. 1
1.26.5

31.7
2.7
11.8
3.4
.38.7
2.9
4.5
6.9
1.9
1.4
3.5
.33.2

21.4
.9
8.1
.1.5
7.7
3.2
6.0
5. 1
1.9
1.3
1.7

30.6
1.5
10.9
1.4
1.1
8.4
3.6
5.2
6.2
1.8
l.l
3.1

III. FINANCIAL INSTITUTIONS

52 NET FUNDS ADVANCED-TOTAL
U.S. GOVT. SECURITIES
53
54
OTHER SECURITIES AND MTGS.
55
LOANS
BY SECTOR
56 BANKING SYSTEM
57 SAVINGS INSTITUTIONS
58 INSURANCE AND PENSION FUNDS
59 FINANCE N.E.C.
60
61
62
63
64
65
66
67
68
69
70
71
72
73

NET SOURCES OF FUNDS-TOTAL
GROSS SAVING
DEPOSIT CLAIMS
DEMAND DEPOSITS AND CURR.
TIME DEP. AT COML. BANKS
OTHER SAVINGS ACCOUNTS
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT MARKET INSTRUMENTS
INVESTMENT CO. SHARES
CORPORATE BONDS
LOANS
SECURITY CREDIT
OTHER SOURCES, NET




100

«

1.8-

56
57
58
59

60
61
62
63
64
65
66
67
68
69
70
71
»
72
3. 1 73

SAVING AND INVESTMENT

SAVING AND INVESTMENT

TABLE 2.

SAVING,

INVESTMENT, ANO

FINANCIAL FLOWS

IN BILLIONS OF DOLLARS

SAAR

2S.

SEASONALLY ADJUSTED

1960
1234
I.

TOT.

ANNUAL RATES

SAAR

1961
1234

TOT.

SAVING AND INVESTMENT

I GROSS NATIONAL SAVING
CONSUMER AND NONPROFIT
2
3
FARM AND NONCORP. BUSINESS
4
CORPORATE NONFIN. BUSINESS
U.S. GOVERNMENT
5
6
STATE AND LOCAL GOVT.
7
FINANCIAL SECTORS

120.9
72.8
12.9
30.6
r.2
4.9
2.72.31.9
2.0

125.3
74.0
12.7
32. 1

118.5
74.4
13.0
28.3
3.8
3.12.0

113.5
72.6
12.9
28.0
1.3
3.92.6

105.8
119.5
73.0
73.5
12.9
12.6
26.6
29.7
4.3
4.04.43.01.9
2. 1

113.7
116.1
119.1
125.7
1
82.7
80. 1
79.2
2
85.3
12.4
12.4
12.5
12.5
3
4
37.3
32. 1
32.1
32.3
5.5-■ 5
7.25.35.74.7- 6
4.54.75.21.5
1.7
7
1.6
1.6

111.3
43.9
2.3-

117.4
44.9
3.5

104.5
41.2
4.3-

110.9
43.1
1.1

117.6
43.9
3.4

125.2
46.4
7.0

114.5
8
43.6
9
1.8 10

67. 1 11
20.1 12
46.4 13
.7 14

123.2
45.5
9.3

119.0
45.7
4.2

116.1
44.6
2.7

68.2
21.5
46.0
.7

69.1
21.7
46.7
.6

68.2
21.8
45.8
.6

67.6
21.5
45.5
.5

68.3
21.7
46.0
.6

64.0
20.5
42.8
.6

65.6
19.0
46.0
.6

68.5
19.3
48.5
.7

70.4
21.5
48.2
.8

.1
2.2

.1
1.9

.7
2.3

2. 1
2.2

.7
2.2

3.6
1.3

1.2
2.7

1.8
1.5

1.4
.6

2.0
1.5

15
16

17 NET FUNDS RAISED-NONFI NAN. SECTOR
18 LOANS AND SHORT-TERM SECURITIES
19 LONG-TERM SECURITIES AND MTGS.

42.8
5.0
37.8

37.9
4.8
33.1

30.9
24.3
6.6

33.5
2.235.7

36.3
8.0
28.3

34.2
24.1
10.1

42.6
16.2
26.4

58.3
11.7
46.5

53.8
25.9
28.0

47.2
19.5
27.7

17
18
19

BY SECTOR
20 U.S. GOVERNMENT
SHORT-TERM SECURITIES
21
22
OTHER SECURITIES
23 FOREIGN BORROWERS
24
LOANS
SECURITIES
25
26 PVT. DOMESTIC NONFIN. SECTORS
27
LOANS
28
CONSUMER CREDIT
29
BANK LOANS N.E.C.
30
OTHER LOANS
SECURITIES AND MORTGAGES
31
32
STATE AND LOCAL OBLIGATIONS
33
CORPORATE SECURITIES
34
1- TO 4-FAMILY MORTGAGES
35
OTHER MORTGAGES

3.114.711.6
1.5
.6
.9
44.5
19.1
6.3
8.2
4.6
25.4
2.7
4.9
11.2
6.5

.911.610.0
2.0
1.6
.4
36.8
14.1
5.7
3.6
4.8
22.7
3.3
4.0
10.1
5.3

3.617.3
22.32.0
1.3
.8
32.5
4.3
3.5
1.32.1
28.2
5.4
6.3
10.6
6.0

.fe­
ll. 210.7
2.5
1.9
.6
31.6
7.2
2.4
.8
4.0
24.4
3.3
5.9
9.9
5.3

2.15.12.5
2.0
1.4
.6
36.4
11.2
4.5
2.8
3.9
25.2
3.7
5.3
10.4
5.8

1.9
18.0
16.83.0
2.4
.5
29.4
3.0
.2
1.8
.9
26.4
4.0
6.4
10.2
5.8

7.9
15.1
7.0.3
.5.8
34.4
1.9
.2.22.2
32.5
3.8
10.8
11.3
6.6

14.6
.9
14.2
3.5
2.7
.8
40.1
8.6
1.6
2.1
4.9
31.6
5.9
6.4
11.9
7.3

5.7
11.3
6.64.3
3.2
1.1
43.8
10.4
4.9
4.0
1.5
33.4
6.3
5.5
13.5
8.0

7.5 20
11.3 21
4.0--22
2.8 23
1.9 24
.8 25
36.9 26
6.0 27
1.7 28
1.9 29
2.4 30
31.0 31
5.0 32
7.3 33
11.7 34
6.9 35

36 NET SOURCES UF CREDIT (=17>
37
CHG. IN U.S. GOVT. CASH BALANCE
U.S. GOVT. LENDING
38
39
FOREIGN FUNDS
PVT. INSUR. AND PENSION RESERVES
40
41
SOURCES N.E.C.

42.8
1.2
1.5
1.6
8.6
9.5

37.9
2.2
4.4
1.6
7.9
10.5

30.9
.51.6
4.1
8.8
1.7

33.5
.5
2.0
5.8
7.2
3. 3

36.3
.9
2.4
3.3
8.1
6.3

34.2
2.92.3
3.1
8.5
.4

42.6
1.1.5.48.0
4.5

58.3
4.8
4.9
2.2
8.7
11.0

53.8
.2
4.5
4.0
9.4
4.4

47.2
.3
2.8
2.2
8.7
5.1

42 PVT. DOMESTIC NONFIN. SECTORS
DEPOSITS AND U.S. GOVT. SECUR.
43
44
DEPOSITS
DEMAND DEP. AND CURRENCY
45
46
TIME AND SVGS. ACCOUNTS
47
AT COMMERCIAL BANKS
48
AT SAVINGS INSTIT.
49
U.S. GOVT. SECURITIES
50
OTHER SECURITIES AND MTGS.
LESS SECURITY DEBT
51

20.4
9.7
6.4
2.38.6
.5
8.1
3.3
9.4
1.3-

11.2
4.8
8.1
4.712.8
3.5
9.2
3.35.6
.8-

15.1
9.3
21.8
3.1
18.7
8.5
10.2
12.56.8
1.0

14.7
9.3
19. 7
.420.1
9. 3
10.8
10.35.4
*

15.4
8.3
14.0
1.015.0
5.5
9.6
5.76.8
. 3-

22.8
18.0
25.4
.8
24.6
13.4
11.2
7.44. 9
.2

32.0
26.0
23.9
4.5
19.4
8.4
11.0
2.1
8.5
2.5

26.6
21.6
23.4
4.4
19.0
8.0
ll.O
1.85.7
.6

31.3
28.3
25.5
8.3
17.1
4.9
12.2
2.9
4.8
1.8

28.2 42
23.5 43
24.6 44
4.5 45
20.0 46
8.7 47
11.4 48
1.1--49
6.0 50
1.3 51

26.9
7.518.5
15.8

33. 1
1.7
18.3
13.1

39.5
7.9
23.8
7.7

39.2
9.4
22.0
7. 7

34.7
2.9
20.7
11.1

37.7
8.3
23.9
5-5

39.7
8.4
26.6
4.7

51.7
15.9
27.8
8.0

48.5
1.3
31.4
15.8

44.4
8.4
27.5
8.5

52
53
54
55

9.0
8.4
9.7
6.0

13.3
9.4
11.2
5.6

16.0
10.4
9. 7
3. 1

9.9
9.4
10.2
5.3

16.7
11.3
10.3
. 7-

13.4
11.2
9.9
5.2

22.5
11.9
10.8
6.5

17.3
13.5
11.8
5.9

17.5
12.0
10.. 7
4.2

56
57
58
59

39.5
2.0
22.9
3.3
9.4
10.2
3.6
5.2
1 .6
I .4
1.7
1 .62.2
2.0

39.2
2.6
21.7
1.2
9.6
10.9
3. 3
3.9
2.9
1.3
1.8
. 3.6
4. 1

34.7
2.1
15.6
.3
5.8
9.5
3.5
4.7
3.4
1.5
1.5
.2
.5
4.9

37.7
1.9
24.8

39.7
1.5
24. 1
3,. 6
9.-3
11.2
3.7
4.4
2.4
1.7
.8
. 12.2
1.4

51.7
1.6
29.6
9.4
9.2
11.0
3.9
4.8
5.5
2. 1
.1
3.2
1.27.4

48.5
1.6
28.9
10.7
5.5
12.7
3.5
5.9
5.5
2.7
.2
2.0
2.2
1.0

44.4
1.7
26.8
5.9
9.4
11.5
3.8
4.9
3.3
2.0
.5
.7
.9
3.0

60
6,1
62
63
64
65
66
67
68
69
70
71
72
73

8 GROSS NATIONAL INVESTMENT
9
CONSUMER DURABLE GOODS
10
BUSINESS INVENTORIES
11
12
13
14

GROSS PVT. FIXED INVESTMENT
CONSUMER AND NONPROFIT
NONFIN. BUSINESS
FINANCIAL SECTORS

NET FINANCIAL INVESTMENT
15
16 DISCREPANCY (1-8 }
II. FINANCIAL FLOWS SUMMARY

III. FINANCIAL

INSTITUTIONS

52 NET FUNDS ADVANCED-TOTAL
53
U.S. GOVT. SECURITIES
54
OTHER SECURITIES AND MTGS.
LOANS
55
BY SECTOR
56 BANKING SYSTEM
57 SAVINGS INSTITUTIONS
58 INSURANCE AND PENSION FUNDS
59 FINANCE N.E.C.
60
61
62
63
64
65
66
67
68
69
70
71
72
73

NET SOURCES OF FUNDS-TOTAL
GROSS SAVING
DEPOSIT CLAIMS
DEMAND DEPOSITS AND CURR.
TIME DEP. AT COML. BANKS
OTHER SAVINGS ACCOUNTS
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT MARKET INSTRUMENTS
INVESTMENT CO. SHARES
CORPORATE BONDS
LOANS
SECURITY CREDIT
OTHER SOURCES, NET




36
37
38
39
40
41

1.3
9.2
10.1
6.3

26.9
1.9
5.5
2.2.48. 1
3.8
4.9
5.5
1.8
1.7
1.9
1.26.5

33.1
2.0
12.2
1.24.7
8.7
3.2
4.8
3.6
1.7
1.0
. 7
.4
7.1

101

»

13.6
1 1.2
4.0
4.5
.11.5
.9
2.5.3
2.2

SAVING AND INVESTMENT

SAVING AND INVESTMENT

TABLE 2

SAVING, INVESTMENT, AND

FINANCIAL FLOWS

IN BILLIONS OF DOLLARS

SAAR

2S.

1
I.

2

SEASONALLY ADJUSTED

4

TOT.

1

SAAR

ANNUAL RATES

2

1963
3

4

TOT.

SAVING AND INVESTMENT

1 GROSS NATIONAL SAVING
CONSUMER AND NONPROFIT
2
3
FARM AND NONCORP. BUSINESS
4
CORPORATE NONFIN. BUSINESS
5
U.S. GOVERNMENT
6
STATE AND LOCAL GOVT.
7
FINANCIAL SECTORS

8 GROSS NATIONAL INVESTMENT
9
CONSUMER DURABLE GOODS
10
BUSINESS INVENTORIES
11
12
13
14

1962
3

GROSS PVT. FIXED INVESTMENT
CONSUMER AND NONPROFIT
NONFIN. BUSINESS
FINANCIAL SECTORS

NET FINANCIAL INVESTMENT
15
16 DISCREPANCY (1-8 )

124.2
131.7 131.9 132.8 130.2
87.1
85.2
87.7
86.6
86.5
12.9
13. 1
13.1
13.3
13.2
36.7
36.7
38.6
36.2
35.1
4.45. 17.02.04.84.53.33.44.03.81.4
2.5
2.6
2.8
2.3

1
2
3
4
5
6
7

126.6
47.3
7.7

128.9
47.5
5.9

126.0
47.7
2.8

127.3
50.5
3.3

127.2
48.2
4.9

8
9
10

69.3
21.7
46.8
.8

73.2
19.9
52.6
.7

75.4
21.2
53.5
.7

75.0
22.3
52.1
.6

73.2
21.3
51.2
.7

11
12
13
14

2.3
2.8

5.9

.8
3.0

15
16

2.4
2.4-

1.55.5

II. FINANCIAL FLOWS SUMMARY
17 NET FUNDS RAISED-NONFI NAN. SECTOR
18 LOANS AND SHORT-TERM SECURITIES
19 LUNG-TERM SECURITIES AND MTGS.

61.8
29.7
32.1

63.0
19.9
43.1

40.1
1.942.0

67. 7
22.7
45.0

58.2
17.6
40.6

17
18
19

BY SECTOR
20 U.S. GOVERNMENT
SHORT-TERM SECURITIES
21
22
OTHER SECURITIES
23 FOREIGN BORROWERS
24
LOANS
25
SECURITIES
26 PVT. DOMESTIC NONFIN. SECTORS
27
LOANS
CONSUMER CREDIT
28
29
BANK LOANS N.E.C.
30
OTHER LOANS
31
SECURITIES AND MORTGAGES
32
STATE AND LOCAL OBLIGATIONS
33
CORPORATE SECURITIES
34
1- TO 4-FAMILY MORTGAGES
35
OTHER MORTGAGES

16.1
17.8
2.43.7
3.1
.6
41.9
8.1
4.3
2.2
1.6
33.8
6.4
6.0
13.2
8.3

8.4
2.0
6.6
2.0
.8
1.1
52.6
17.2
7.0
6.3
4.0
35.4
5.9
4.9
15.5
9.1

5.612.48.3
.2
.5.7
45.5
12.5
4.3
3.5
4.7
33.1
3.6
4.0
16.3
9.2

11.4
2.4
7.3
3.3
1.5
1.8
53.0
17. 1
7.6
5.8
3.7
35.9
4. 3
4. 1
16.5
10.9

7.6
2.4
5.0
2.3
1.3
1.0
48.3
13.7
5.8
4.4
3.5
34.5
5. 1
4.8
15.4
9.4

20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

36 NET SOURCES OF CREDIT (=17)
37
CHG. IN U.S. GOVT. CASH BALANCE
38
U.S. GOVT. LENDING
39
FOREIGN FUNDS
PVT. INSUR. AND PENSION RESERVES
40
41
SOURCES N.E.C.

61.8
4.9
4.0
2.7
8.6
3.3

63.0
3.9
4.5
2.8
9.3
4.3

40.1
6.51.9
1.9
9.0
8.4

67.7
1.5
3.6
2.7
9.4
6.3

58.2
1.0
3.5
2.5
9. 1
5.6

36
37
38
39
40
41

42 PVT. DOMESTIC NONFIN. SECTORS
43
OEPOSITS AND U.S. GOVT. SECUR.
44
DEPOSITS
45
DEMAND DEP. AND CURRENCY
46
TIME AND SVGS. ACCOUNTS
47
AT COMMERCIAL BANKS
48
AT SAVINGS INSTIT.
49
U.S. GOVT. SECURITIES
50
OTHER SECURITIES AND MTGS.
51
LESS SECURITY DEBT

38.4
31.6
27.7
7.735.4
22.7
12.7
3.9
6.7
. 1-

38.2
33.4
27.7
2.9
24.8
13.4
11.5
5.7
.2
4.5-

25.4
24.9
26.1
2.3
23.9
10.6
13.3
1 .33.3
2.8

44. 1
39. 1
37.9
8.9
29.0
13.7
15.3
1.3
6.2
1.2

36.5
32.3
29.9
1.6
28.3
15. 1
13.2
2.4
4. 1
. 1-

42
43
44
45
46
47
48
49
50
51

III. FINANCIAL INSTITUTIONS

52 NET FUNDS ADVANCED-TOTAL
53
U.S. GOVT. SECURITIES
54
OTHER SECURITIES AND MTGS.
55
LOANS
BY SECTOR
56 BANKING SYSTEM
57 SAVINGS INSTITUTIONS
58 INSURANCE AND PENSION FUNDS
59 FINANCE N.E.C.

52.5
10.6
30.9
11.0

48.3
1.0
39.3
8.0

43.0
3.932.1
14.8

61.9
7.8
33.8
20.4

51.4
3.9
34.0
13.5

52
53
54
55

25.1
13.6
10.7
3.2

19.5
13.3
11.7
3.8

9.3
15.7
11.3
6.7

27.7
15.4
12.5
6.2

20.4
14.5
11.5
5.0

56
57
58
59

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

52.5
1.4
35.0
.422.7
12.7
4.1
4.5
4.9
3.2
.3
1.2
1.5
1.2

48.3
2.5
31.3
6.3
13.3
11.7
3.6
5.7
7.2
2.2
1.1
3.9
2.0•

43.0
2.6
18.8
4.710.2
13.3
4.4
4.6
6.1
1.3
.5
4.2
1.6
5.0

61.9
2.8
43.4
12.8
15.0
15.7
4.2
5.2
4.4
.8
1.4
2. 1
2.7
.7-

5L.4
2.3
32. 1
3.5
15.3
13.3
4. 1
5.0
5.6
1.9
.8
2.8
.9
1.3

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

NET SOURCES OF FUNDS-TOTAL
GROSS SAVING
DEPOSIT CLAIMS
DEMAND DEPOSITS AND CURR.
TIME DEP. AT COML. BANKS
OTHER SAVINGS ACCOUNTS
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT MARKET INSTRUMENTS
INVESTMENT CO. SHARES
CORPORATE BONDS
LOANS
SECURITY CREDIT
OTHER SOURCES, NET




102

PRINCIPAL FINANCIAL FLOWS

PRINCIPAL FINANCIAL FLOWS
TABLE 3.

PRINCIPAL FINANCIAL TRANSACTIONS

IN BILLIONS OF DOLLARS
3S.

SEASONALLY ADJUSTED, ANNUAL RATES

1952
3

4

1953
3

7.3
2.2
5.1
3.2
1.2
1.8
1.3
1.0•
1.5
.2
.9
3.1

2.5
.93.3
3.2
.63.0
2.3
.12.0
1.2.8
.3.5-

3.2
.5
2.7
1.7
1.3
1.0
4.6
2.7.7.3.5.72.3

6.0
1.7
4.3
4.4
1.7
2.6
1.6
.3
.5
.1
.2
•
1.6

1.9
2.94.8
.1
3.33.4
4.9
1.0.5•
•
.4
1.4

6.77.1.5
5.67.32.1
1.62.6
1.3
.2.4.2
1.3-

2.9

7.1
2.4
•
.1
2.1

8.6
2.9
.3
.3
2.4

9.4
3.9
.1.4
3.3

8.1
3.1
.1
.2
2.7

8.0
2.4
.1.1
2.5

9.3
3.4
.3
.2
2.8

4.4

4.7

5.7

5.4

5. 1

5.6

7.3

6.6

8.1

8.7

7.7

8. 1

9.2
10.5
1.4-

3.1
4.3
1.2-

.713.2
13.9-

5.9
.26. 1

4.4
7.0
2.6-

5.0
27.1
22.1-

8.6
1.6.5.6.1
2.81.7
9.6
9.2
.39.4
.5.51.4
.5

3.5
1.76.0.25.83.5
.8
3.8
2.7
.12.8
.62.03.7
1.4

.91.9
2.8

5.2
2.0
2.2
.4
1.8
1.71.5
2.5
1.3
.9
.4
•
.11.3
.7

4. 1
.2
.4. 1.3.91.5
2.9
2.8
.9
1.9
. 1.3.5
1.1

SAAR

1
I.

2

TOT.

1

2

SAAR

4

TOT.

DEMAND DEPOSITS AND CURRENCY

NET INCR. IN BANKING SYSTEM
1
LIABILITY
2
U.S. GOVT DEPOSITS
OTHER
3
4 NET INCREASE IN ASSETS, BY SECTOR
5
U.S. GOVT.
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
STATE AND LOCAL GOVTS.
10
FINANCIAL SECTORS
REST UF THfc WORLD
11
12
DISCREPANCY-U.S. GOVT. CASH
13
- OTHER

11.0
4.9
6.1
9.6
5.0
4.4
1.75.0
.6
.5
.2
.11.5

10.4
10.0
.3
10.0
10.4
.2.5.9.6
.6
.2.4.7

5.85.3.45.15.81. 1
. 1.81.1
1.0
.4.5
1.1-

1
2
3
4
5
6
7
»
8
.6 9
.3 10
.3--ll
.2 12
. 1--13

1.3-1.3
• 2-1.5-1.6
.7

II. TIME AND SAVINGS ACCOUNTS

14 NET INCREASE - TOTAL
15 AT COMMERCIAL BANKS-TOTAL
16
CORPORATE BUSINESS
17
STATE AND LOCAL GOVTS.
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT ORGS.
20 AT SAVINGS INSTITUTIONS
MEMO - CONSUMER AND NONPROFIT
21 ORGAN.-TOTAL

7.5
3.0
.1
•

14
15
16
I1
18
19

8.9
3.0
.1
.4
2.5

10.6
4.9
1.0
1.5
2.4

5.9

5.9

5.7

5.8 20

8.7

8.4

7.9

8.3 21

4.6
26.8
22.3-

14.3
.815.1

3.312.9
16.3-

5.1 22
16.5 23
11.4--24

5.0
4.6
.3.8
1.14.0
.9
. 1.11.3
1.4.3
.1
.5.4

4.3
6.6
4.4
1.05.4
.1
2.1
3.22.92.3
5.2.2
.5
.9.9

14.2
3.8
1.6•
1.63.0
2.4
10. 1
9.9
1.8
8.0
.2.81.2
.4

3.81.61.9.1
2.0.81.1
2.42.1.51.6.4.1
•
.2

10.1
2.8
7.0
.3
.1

9.0
3.0
5.1
1.0
.1-

11.0
3.4
5.7
2.4
.5-

9.9
4.3
4.1
1.5
•1-

11.4
4.7
5.8
.7
.3

10.4 40
3.9 41
5.2 42
1.4 43
.1--44

10.1
2.6
.6
.1
.9
5.5
.1•
.1.5
.6
*

9.0
1.6
.7
•
.7
5.5
. 1•
.1.4
.5
.1

11.0
4.5
.8
.1
.2
5.5
.4.3.1.4
.6
•

9.9
1.6
1.0
.1
.7
5.8
.3
.5
.1.3
.4
,l

11.4
3.0
l.l
.1
1.0
5.8
.3
.2
*
.3
.3
.1

10.4
2.7
.9
.1
.6
5.6

9.2
3.4
.3
.6
2.5

III.U.S. GOVT. SECURITIES

22 TOTAL NET ISSUES
SHORT-TERM DIRECT
23
24
OTHER
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

NET ACQUISITIONS, BY SECTOR
PVT. DOMESTIC NONFIN. SECTORS
CONSUMERS AND NONPROFIT
SAVINGS BDS. AND POSTAL SVG. DEP.
SECURITIES
CORP. NONFIN. BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
BANKING SYSTEM
MONETARY AUTHORITIES
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
REST OF THE WORLD

40
41
42
43
44

TOTAL NET ISSUES, BY SECTOR
STATE AND LOCAL GOVTS.
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
REST OF THE WORLD

9.0
2.6
6.5
•
.1-

12.2
3.4
8.0
.3
.4

10.9
3.9
7.0
.1
•

8.4
1.4
6.4
.6

45
46
47
48
49
50
51
52
53
54
55
56

NET PURCHASES
CONSUMERS AND NONPROFIT ORGS.
STATE AND LOCAL GOVTS.
CORP. BUSINESS
COMMERCIAL BANKS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COS. - NET
PURCHASES
NET ISSUES
REST OF THE WORLD

9.0
2.1
.6
•
.7
5.2
.2.1.1.5
.6
•

12.2
5.1
.6
.1
2.1
5.7
1.71.6.1.6
.7
*

10.9
2.0
.7
.1
.8
5.5
1.5
1.5
.1.6
.6
.1-

8.4
1.1
.7
.1
. 15.7
.2
.2
. 1.5
.5
.1

10.1
6.9
3.2

8.2
6.1
2.2

8.9
6.8
2.0

9.3
7.3
2.0

9.1
6.8
2.3

10.6
7.8
2.8

10.0
8.0
2.1

9.6
7.3
2.2

9.4
7.3
2.2

9.9 57
7.6 58
2.3 59

10.1
1.6
.9
.9
4. 1
2.4
.3

8.2
.8
.3
1.0
4.0
2.0
.1

8.9
.7
.4
1.4
4.4
2.1

9. 1
1.0
.6
1.1
4.3
2.0
.1

10.6
1.9
.7
1.3
4.8
2.1
.2-

10.0
.7
.7
1.0
5.2
2.3
.2

9.6
.8
.5
.8
5.1
2.2
.1

9.4
1. 1
.1.9
5.5
2.0

»

9.3
.8
.8
1.2
4.8
1.5
.2

9.9
1.1
.5
1.0
5.2
2.1
*

.4.73.7
4.6.1
.2
.2

3.3
2.9
.12.8
.2
*
.6

4.7
2.6
5.47.7
.3
.32.4

3.2
2.6
.9
1.6
.1
•
.7

2.5
1.2
4.2
2.3.8.1
1.4

.3.3
4.2
3.5.4—
.3.2-

4.63.34.0.9
.2•
1.1-

IV.

V.

OTHER SECURITIES

»

45
46
47
48
49
50
»
51
.1 52
.1--53
.4 54
.4 55
. 1 56

MORTGAGES

57 TOTAL NET BORROWING
1- TO 4-FAMILY
58
59
OTHER

60
61
62
63
64
65
66

»

2.7
2.81.9
4.52.03.1
5.1.5
1.3
4.41.7

25
26
27
28
29
30
31
32
33
34
35
»
36
• 37
.1--38
.5 39

4.9
3.3
.1
•
.2
1.6
1.6
1.1
1.2
1.2
•

NET ACQUISITIONS
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE SECTOR
MORTGAGE COMPANIES

»

60
61
62
63
64
65
66

VI. BANK LOANS N.E.C.
67
68
69
70
71
72
73

TOTAL NET BORROWING
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM
REST OF THE WORLD
FINANCIAL SECTORS




5.2
5.6
5.3
.5
.2.2
.4-

103

1.41.04.43.7
.3.2.2-

.9-67
.7-68
* 69
.3-70
.4-71
.1-72
• 73

PRINCIPAL FINANCIAL FLOWS

PRINCIPAL FINANCIAL FLOWS

TABLE 3.

PRINCIPAL FINANCIAL TRANSACTIONS
IN BILLIONS OF DOLLARS

SAAR
I

I.

2

3S.

SEASONALLY ADJUSTED, ANNUAL RATES

1954
3

4

1955
3

1.3
6.98.2
1.9
6.68.8
4.3
4.1
•
.5
.3.3.3-

8.9
5.4
3.5
14.0
6.0
7.6
3.6
2.6
1.0
.4
.5
.64.6-

TOT.

1

2

SAAR
4

TOT.

OEMANO OEPOSITS AND CURRENCY

NET INCR. IN BANKING SYSTEM
LIABILITY
1
2
U.S. GOVT DEPOSITS
3
OTHER
4 NET INCREASE IN ASSETS* BY SECTOR
5
U.S. GOVT.
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
STATE AND LUCAL GOVTS.
10
FINANCIAL SECTORS
REST OF THE WORLD
11
DISCREPANCY-U.S. GOVT. CASH
12
13
- other

1.7
1.02.7
2.5
.62.9
.3.2
2.5
.5
.2
.4.4-

5.7
3.7
2.1
5.8
2.6
3.3
1.8
3.1
2.1.3
•
1.1
1.2-

4.4
.3
4.1
6. 1
.3
5.6
2.3
2.5
.4
.4
.1
. 11.6-

3.0
3.66.6
.3
4.34.9
.6
4.3
.4.4
.3.7
2.0

4.3
.8
3.4
3.6
1.4
2.2
.1
.7
1.0
.3
•
.61.2

.2
3.03.2
1.03.12.0
.7
.6
•
.7
.1
.1
1.1

4.7
3.1
1.6
3.5
3.5
.1
1.4.4.9
1.0
.1.41.6

3.1
1
.7- 2
3.7 3
1.6 4
.6- 5
2.3 6
•
7
1.3 8
.4 9
.6 10
.1- 11
•
12
1.5 13

8.3
1.2
.1.5-

1.9

7.9
1.1
.1.2
.21.2

8.7
1.6
. 1. 1.1
1.8

8.8
1.5
.1.2
.31.9

8.4 14
1.3 15
.1- 16
.1- 17
. 1-■18
1.7 19

II. TIME ANO SAVINGS ACCOUNTS

14 NET INCREASE - TOTAL
15 AT COMMERCIAL BANKS-TOTAL
16
CORPORATE BUSINESS
17
STATE AND LOCAL GOVTS.
FOREIGN DEPOSITORS
18
19
CONSUMER AND NONPROFIT ORGS.
20 AT SAVINGS INSTITUTIONS
MEMO - CONSUMER AND NONPROFIT
21 ORGAN.-TOTAL

9.4
2.3
.2
. 1"
.52.6

10.6
3.8
.2
.5
.6
2.5

10.9
4.4
.2
1.0
1.2
1.9

11.0
4.5
.2
.2
1.0
3.0

6.5

6.5

7.0

7. 1

6.8

7.1

6.8

7.1

7.3

7.1 20

8.5

9.4

9.6

9.5

9.2

9.0

7.9

8.9

9.0

8.7 21

.413.012.6

4.5
15.820.3

.416.015.6

3.5
2.35.8

1.8
11.813.6

1.421.219.8

6.8
16.122.9

2.216.6
18.9-

1.1
7.58.6

1.1 22
7. 1- 23
8.1 24

.33.13.0.62.42.12.1
2.0
2.3
.22.5
.9.31.0
.8

5.1
4.81.8.6
2.35.32.2
10.2
10.4
.2
10.2
.31.11.2
.3-

.31.73.1.6
3.7.5
.9
1.1
4.1
3.27.3
.91.3.9.3

3.4
.7
1.5
.7
.9
2.41.6
2.4
1.7
.82.4
.7
.4
.4.2

2.0
2.21.6.3
1.92.31.7
3.9
4.6
1.05.6
.4.6.2
.2

1.45.0
.8
.3
.5
3.5
.7
6.96.4. 16.3.1
.1
.8.6

6.7
10.2
3.8
•
3.9
6.0
.4
5.14.91.53.4.1
.3
.61.5

2.16.7
3.0
.33.3
2.3
1.3
9.610.5.7
11.1.1
.6
.1
.8

.1
7.7
.8
•
.8
4.9
1.9
8.96.6.3
6.9.3
2.1.41.2

.8 25
7.4 26
2.1 27
« 28
2.1 29
4.2 30
1.1 31
7.6-■32
7. 1-■33
.1-■34
6.9--35
.1 36
.3-•37
.4-•38
l.l 39

11.1
4.0
.2
.8
.5
2.5

»

III.U.S. GOVT. SECURITIES
22 TOTAL NET ISSUES
SHORT-TERM DIRECT
23
24
OTHER
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

NET ACQUISITIONS, BY SECTOR
PVT. DOMESTIC NONFIN. SECTORS
CONSUMERS AND NONPROFIT
SAVINGS BDS. AND POSTAL SVG. DEP.
SECURITIES
CORP. NONFIN. BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
BANKING SYSTEM
MONETARY AUTHORITIES
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
REST OF THE WORLD

40
41
42
43
44

TOTAL NET ISSUES, BY SECTOR
STATE AND LOCAL GOVTS.
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
REST OF THE WORLD

10.9
4.1
6.1
.1
.6

11.7
6.0
5.3
.3
.2

10.2
3.6
6.4
*
.1

7.6
4.3
2.4
.9
•

10.1
4.5
5.1
.3
.2

9.0
3.2
4.7
1.5
.4-

6.7
2.4
3.2
1.1
*

9.3
3.9
3.6
1.7
.1

13.5
4.4
7.8
1.1
.1

9.6
3.5
4.8
1.4
*

45
46
47
48
49
50
51
52
53
54
55
56

NET PURCHASES
CONSUMERS AND NONPROFIT ORGS.
STATE AND LOCAL GOVTS.
CORP. BUSINESS
COMMERCIAL BANKS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COS. - NET
PURCHASES
NET ISSUES
REST OF THE WORLD

10.9
2.5
1.1
.2
1.3
6.2
1.0.9.1.3
.4
•

11.7
1.1
1.1
.3
2.0
6.6
.1
.2
.1.3
.4
.1

10.2
.11.1
.2
1.5
6.0
1.1
1.3
.1.4
.5
.2

7.6
.8
1. 1
.2
1.5
4.5
.6.3.3.6
.8
.3

10. 1
1.1
1.1
.2
1.6
5.8
. 1.1
. 1.4
.5
.1

9.0
1.3
.9
.2
.9
4.4
.3
.6
.2.5
.7
.2

6.7
3.5
.9
.2
1.24. 1
.3-

9.3
4.9
1.0
.3
•
4.0
.7.3.4.6
1.0
.3

13.5
6.2
1.0
.3
.25.9
.6
.9
.4.6
1.0
*

9.6 45
4.0 46
1.0 47
.3 48
.1--49
4.6 50
» 51
.3 52
.3--53
.5 54
.9 55
.2 56

57 TOTAL NET BORROWING
1- TO 4-FAMILY
58
59
OTHER

10.2
7.3
2.9

10.8
8.3
2.5

13.0
10.3
2.7

15.6
12.5
3.1

12.4
9.6
2.8

16.6
13.1
3.4

17.3
13.6
3.7

16.1
12.5
3.6

15.0
11.1
3.9

16.2 57
12.6 58
3.6 59

60
61
62
63
64
65
66

NET ACQUISITIONS
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE SECTOR
MORTGAGE COMPANIES

10.2
1.4
.31.0
5.6
2.2
.3

10.8
.7
.1
1.3
5.8
2.7
.1

13.0
1.3
.4
1.9
6.2
2.9
.1

15.6
1.5
.4
2.7
7.3
3.2
.3

12.4
1.2
.2
1.7
6.2
2.7
.2

16.6
.9
.6
2.8
8.0
3.4
.7

17.3
1.0
.7
2.9
8.6
3.4
.6

16.1
1.0
.5
2.1
8.3
3.4
.6

15.0
1.8
.5
1.9
6.2
4.3
.2

16.2
1.2
.6
2.4
7.8
3.6
.5

60
61
62
63
64
65
66

67
68
69
70
71
72
73

TOTAL NET BORROWING
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM
REST OF THE WORLD
FINANCIAL SECTORS

5.7
2.6
1.2
.9
.4
.2
2.0

9.0
4.5
.7
3.4
.3
.5
3.2

8.5
4.8
1.9
2.5
.4
.4
2.4

9.2
6.2
8.1
2.2.3
.3

8.1
4.5
3.0
1.2
.4
.4

67
68
69
70
71
72

1.9

2.4 73

IV.

V.

OTHER SECURITIES

»

.3.5
.8
.1

40
41
42
43
44

MORTGAGES

VI. BANK LOANS N.E.C.




2.12.75.12.5
.2
.2

1.01.23.4
4.9.3
.1
*

10U

.1.91.3.3
.1
.5
.5

3.5
3.0
.2
2.5
.3
.6
. 1-

.1
.4.7.1
.2
.4
.1

PRINCIPAL FINANCIAL FLOWS

PRINCIPAL FINANCIAL FLOWS

TABLE 3.

PRINCIPAL FINANCIAL TRANSACTIONS

IN BILLIONS OF DOLLARS

SAAR

3S.

SEASONALLY ADJUSTED, ANNUAL RATES

4

1957
3

4.7
.6
4.0
4.8
.3
4.6
1.3
2.1
.4
.7
.1.3
.5-

1.8
•
1.9
1.9
.21.8
1.1
.3
.2
.2
.2
.1
.2-

10.3
2.8
—
.2
.12.8

9.3
2.1
—
•
.12.2

SAAR

I

2

1956
3

6.5
6.6
.17.5
5.5
1.0
1.7
1.2.5
•
.9
1.1
2.1-

1.16,75.6
1.75.94.2
2.6
.9
.6
•
•
.91.5

2.7.62.13.0.62.41.1.6.8.1
*
•
.3

14 NET INCREASE - TOTAL
15 AT COMMERCIAL BANKS-TOTAL
16
CORPORATE BUSINESS
17
STATE AND LOCAL GOVTS.
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT ORGS.

7.8
.7
.2
.81.4

9.9
2.6
.3.7
2.1

9.4
2.2
—

20 AT SAVINGS INSTITUTIONS
MEMO - CONSUMER AND NONPROFIT
21 ORGAN.-TOTAL

7.1

7.3

7.2

7.5

7.3

6.4

7.1

6.6

7.4

6.9 20

8.5

9.3

9.6

10.1

9.4

13.3

11.3

11.5

12.0

12.0 21

2.56.9
9.3-

11.46.6
18.0-

7.28.9
16.0-

1.07.2
8.2-

5.57.4
12.9-

8.4
12.4
4.0-

13.317.4
30.7-

6.6
6.713.3

4.71.13.5-

.7--22
5.5 23
6.2--24

2.31.32.2
•
2.1
5.82.4
2.51.51.1
2.6.3
2.2.9
1.5

12.53.81.2
.21.5
5.8.7
9.07.8.87.0.1
.9.4.3

7.22.72.0
.42.4
4.9.3
5.34.8.84.0•
1.2.7
.7

1.62.72.1.71.31.3.7
.2
1.9
1.4
.5
.2
1.5.4.8

5.92.6.8
.31.2
4.51.0
4.23.1.2
3.3.2
1.5.2
.8

8.3
2.0
.4
2.83.1
.8
.8
6.6
6.3
1.57.8
.8
1.0.5
.3-

13.4.81.22.1.9
1.01.4
13.012.12.010.1.2
.7.4.4

6.5
3.5
4.6
2.26.8
1.3.3
4.0
4.5
.3
4.2
.6
i.o•
1.1-

5.96.45.81.93.9.2.4l.l1.0.3
1.2.2.8.8
1.7

1. 1--25
.4--26
.5--27
2.2--28
1.7 29
.4--30
.5 31
.9--32
.6--33
.7--34
.2 35
.3 36
.9--37
.2 38
.2 39

I.

TOT.

1

2

6.2
9.6
3.38.1
9.7
.93.42.0
.7
.2.7.11.7-

7.111.44.4
5.811.23.7
3.8
1.0.2
.8
1.6
.21.0-

4

TOT.

DEMAND DEPOSITS AND CURRENCY

NET INCR. IN BANKING SYSTEM
LIABILITY
1
2
U.S. GOVT DEPOSITS
3
OTHER
4 NET INCREASE IN ASSETS, BY SECTOR
5
U.S. GOVT.
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
STATE AND LOCAL GOVTS.
IO
FINANCIAL SECTORS
REST OF THE WORLD
11
DISCRtPANCY-U.S. GOVT. CASH
12
- OTHER
13

1.9
5.8
4.03.1
5.8
3.05.92.3
.6
•
.2
»

1.2-

4.93.31.63.33.6.6
.9
.6.5.8
.3.3
1.9-

1.0-- 1
.2 2
1.1-- 3
.5 4
.2 5
.1 6
1.2- 7
.7 8
.2 9
.4 10
.2 11
*
12
1.5--13

II. TIME AND SAVINGS ACCOUNTS

»

.12.4

13.8
7.4
—
.3
.3
6.9

10.9
3.8
—
.2
.54.1

12.4
5.8
—
.9
•
4.9

12.4
4.9
.2
.1
4.8

12.4
5.5
—
.4
•
5.2

14
15
16
17
18
19

III.U.S. GOVT. SECURITIES

22 TOTAL NET ISSUES
SHORT-TERM DIRECT
23
24
OTHER
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

NET ACQUISITIONS, BY SECTOR
PVT. DOMESTIC NONFIN. SECTORS
CONSUMERS AND NONPROFIT
SAVINGS BDS. AND POSTAL SVG. DEP.
SECURITIES
CORP. NONFIN. BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
BANKING SYSTEM
MONETARY AUTHORITIES
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
REST OF THE WORLD

40
41
42
43
44

TOTAL NET ISSUES, BY SECTOR
STATE AND LOCAL GOVTS.
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
REST OF THE WORLD

10.4
4.6
4.1
1.5
.3

9.5
2.9
5.1
1.1
.4

11.1
2.2
7.3
.9
.6

11.5
3.2
7.4
.5
.4

10.6
3.2
6.0
1.0
.4

14.3
4.0
9.5
.3
.5

15.2
4.4
9.5
.7
.6

14.5
4.9
8.0
1.2
.4

14.4
5.3
8.0
.7
.4

14.6
4.6
8.8
.7
.5

45
46
47
48
49
50
51
52
53
54
55
56

NET PURCHASES
CONSUMERS AND NONPROFIT ORGS.
STATE AND LOCAL GOVTS.
CORP. BUSINESS
COMMERCIAL BANKS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COS. - NET
PURCHASES
NET ISSUES
REST OF THE WORLD

10.4
5.3
1.0
.2
.45.4
1.0.5.4.7
1.1
.2

9.5
3.5
1.1
.1
.15.4
.5.6*
1.1
1.1
.4

11.1
4.6
1.2
.1
.3
6.1
1.81.3.5.7
1.2
.3

11.5
5.4
1.2
.2
.75.6
.5. 1.5.7
1.1
.4

10.6
4.7
1.1
.1
.25.6
1.0.6.3.8
1.1
.3

14.3
5.6
1.4
.6
6.5
.6.2.4.8
1.2
.5

15.2
5.7
1.5
.1
.9
6.6
.4.1
.5.9
1.4
.3

14.5
4.2
1.6
.2
.9
6.4
.8
.9
.1l.l
1.2
.1

14.4
3.6
1.7
.3
2.3
6.4
.6.3.3.9
1.1
•

14.6 45
4.8 46
1.6 47
.1 48
1.2 49
6.5 50
.2--51
.1 52
.3-■53
.9 54
1.2 55
.2 56

IV.

V.

OTHER SECURITIES

MORTGAGES

57 TOTAL NET BORROWING
58
1- TO 4-FAMILY
OTHER
59

60
61
62
63
64
65
66

40
41
42
43
44

NET ACQUISITIONS
CONSUMER ANO NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE SECTOR
MORTGAGE COMPANIES

15.7
11.4
4.3

14.9
11.0
3.9

14.4
10.5
3.9

13.3
10.1
3.2

14.6
10.8
3.8

12.9
9.8
3.2

11.4
8.5
2.9

12.2
8.4
3.9

11.9
7.8
4.1

12.1 57
8.6 58
3.5 59

15.7
1.9
.4
2.2
7.4
4.0
.2-

14.9
1.3
.8
2.1
6.7
4.0
•

14.4
1.7
.8
1.6
6.5
3.6
•

13.3
1.8
1.3
.9
6. 1
3.1
.2-

14.6
1.7
.8
1.7
6.7
3.7
.1-

12.9
2.1
1.8
.6
6.1
2.9
.7-

11.4
1.8
1.5
•
5.7
2.5
.2-

12.2
2.4
1.3
.9
5.3
2.3
.2-

11.9
2.2
1.2
.9
5.8
1.6
•

12.1 60
2.1 61
1.4 62
.6 63
5.7 64
2.4 65
.3--66

7.5
7.6
6.3
1.5
• 3.3
.5-

6.5
7.0
7.5
.4.1.3
.9-

4. 1
3.5
1.8
1.5
.2
.5
.1

5.8
5.9
5.3
.6
•
.4
.6-

6.9
6.1
4.6
.8
.7
.4
.2

5.6
4.1
2.0
1.9
.1
.4
.8

.2
.3
1.0
1.0.3
.3
.6-

’ VI. bank loans n.e.c.
67
68
69
70
71
72
73

TOTAL NET BORROWING
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM
REST OF THE WORLD
FINANCIAL SECTORS




105

5.0
5.7
5.7
.1.1
.2
1.0-

3.51.9.5
2.6.2
.3
2.2-

2.3 67
2.1 68
2.0 69
.2--70
.3 71
.4 72
.4--73

PRINCIPAL FINANCIAL FLOWS

PRINCIPAL FINANCIAL FLOWS
TABLE 3.

PRINCIPAL FINANCIAL TRANSACTIONS
IN BILLIONS OF DOLLARS

SAAR

I.

3S.

SEASONALLY ADJUSTED, ANNUAL RATES

1958
3

1959
3

4

1

2

7.2
6.1
1.2
7.4
5.5
2.5
1.2
.7
.61.3
.6.6
.7-

16.5
10.2
6.2
14.9
9.6
5.1
1.43.3
2.0
1.1
.2
.6
1.0

13.422.69.2
10.021.411.9
8.6
3.2
.4.5
.51.22.2-

12.3
6.8
5.5
12.4
6.7
5.1
1.6
3.5
.1•
.6
.1
.2-

18.9
10.5
2.2
2.2
.2
5.8

12.8
3.8
.4—
.5.55.2

13.8
4.5
.4—
.6.2
5.0

TOT.

1

2

SAAR

4

TOT.

DEMAND DEPOSITS AND CURRENCY

NET INCR. IN BANKING SYSTEM
LIABILITY
1
2
U.S. GOVT OEPOSITS
3
OTHER
4 NET INCREASE IN ASSETS, BY SECTOR
5
U.S. GOVT.
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
state AND LOCAL GOVTS.
10
FINANCIAL SECTORS
REST OF THE WORLD
11
12
DIsCREPANCY-U.S. GOVT. CASH
13
- OTHER

5.6
.1
5.5
6.2
.1
6. 1
2.5
2.7
.2
.7
. 1•
.5-

4.8
1.26.0
3.0
.63.3
4.3
1. 1.4.5
.4
.62.3

2.72.0.74.13.01.3.5.4.1
.5.3
1.1
.3

3.4
4.4
1.02.4
4.0
2.2.34.72.6
.1
.6
.4
.7

.11.5
1.6.5
2.4
.91.3
2.5.2.5
1.1.9.3

1.4 1
.7 2
.7 3
.5 4
.7 5
.3-■ 6
1.2 7
2.2-■ 8
.5 9
.2 10
•
11
»
12
.9 13

10.7
2.3
.4.5.2
3.1

10.9
2.0
.4—
.31.54.2

8.4
.3.4—
.81.32.3

8.1
.5
.4•
1.02.2

9.5 14
l.l 15
.4-■16
.4-•17
.9--18
3.0 19

II. TIME AND SAVINGS ACCOUNTS
14 NET INCREASE - TOTAL
15 AT COMMERCIAL BANKS-TOTAL
16
CORPORATE BUSINESS
17
STATE AND LOCAL GOVTS.
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT ORGS.

22.0
13.2
2.2
2.1
3.9
5.1

20 AT SAVINGS INSTITUTIONS
MEMO - CONSUMER AND NONPROFIT
21 ORGAN.-TOTAL

8.8

8.5

9.0

9.3

8.9

8.4

8.9

8.7

7.7

8.4 20

13.9

14.2

14.2

13.7

14.0

11.5

12.9

11.0

9.9

11.3 21

16.9
8.0
.9
.8
.9
5.3

III.U.S. GOVT. SECURITIES
22 TOTAL NET ISSUES
23
SHORT-TERM DIRECT
24
OTHER

5.7
9.8
4.1 —

15.1
17.832.9

6.9—
3.43.5-

19.3
6.5
12.8

8.3
1.29.5

12.5
2.415.0

11.4
17.2
5.8-

10.2
3.113.3

3.1
10.4
7.3-

9.3 22
5.5 23
3.8 24

5.7
9.9—
6.8.76. 13.0.217.6
18.3
3. 1
15.1
1.2.3.8
1.9-

14.6
10. 13.9.73.24.02.225.8
24.2
5.5
18.7
.2
.41.8
ni­

6.92.14.2.53.72.0
.2
7.36.1—
2.73.41.0
.7
3.02.5

20.6
10.5
5.1
.96.0
5. 1
.4
9.0
5.2
2.8
2.4
1.4
1.2
1.3
.9

8.5
2.92.5.71.7-

.411.3
10.4
2.2
8.2
.4
.3
.2
.1

12.5
11.3
4.7
1.36.0
5.8
.8
.51.91.8
3.71.0
.3

1.8

11.1
15.9
8.4
2.110.5
6.4
1.0
9.010.6.1
10.71. 1
1.1
.64. 1

9.8
14.7
6.7
2.18.8
4.9
3.0
8.710.31.1
11.4—
.6
.21.3
3.8

1.5
9.6
9.2
2.511.7
1.82.2
10.58.91.87.1.6.2.82.4

8.7 25
12.9 26
7.2 27
2.0-■28
9.3 29
3.8 30
1.8 31
7.2- 32
7.9-•33
.3 34
8.2--35
.5 36
.2 37
•
38
3.0 39

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

NET ACQUISITIONS, BY SECTOR
PVT. DOMESTIC NONFIN. SECTORS
CONSUMERS AND NONPROFIT
SAVINGS BDS. AND POSTAL SVG. DEP.
SECURITIES
CORP. NONFIN. BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
BANKING SYSTEM
MONETARY AUTHORITIES
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
REST OF THE WORLD

40
41
42
43
44

TOTAL NET ISSUES, BY SECTOR
STATE AND LOCAL GOVTS.
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
REST OF THE WORLD

17.8
6.4
9.2
.8
1.4

ls.4
6.5
7.2
.3
1.4

13.5
4.9
8.9
1.1.8

12.8
4.2
6.5
.7
1.4

14.9
5.5
8.0
.2
1.3

11. 1
3.8
5.5
.9
.9

12.4
5.8
5.5
.8
.3

12.6
6.3
4.0
1.4
.8

11.0
3.0
6.0
1.3
.6

11.8
4.7
5.3
1.1
.7

45
46
47
48
49
50
51
52
53
54
55
56

NET PURCHASES
CONSUMERS AND NONPROFIT ORGS.
STATE AND LOCAL GOVTS.
CORP. BUSINESS
COMMERCIAL BANKS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COS. - NET
PURCHASES
NET ISSUES
REST OF THE WORLD

17.8
5.8
2.0
.3
2.3
6.5
.3.4
.6.6
1.3
•

15.4
1.62.3
.4
6.0
6.2
1.2
2.2
1.01.1
2.1
.1-

13.5
5.8
1.6
.5
1.0
6.9
2.93.0.1
1.3
1.2

12.8
3.8
2.3
.7
.8
6.5
1.4—
1.3. 11.6
1.7
.1

14.9
3.4
2.1
.5
2.5
6.5
.8.4.4l.l
1.6

11.1
.7
.8
1.1
.6
7.2
.9
1.4
.51.4
1.8
.1

12.4
2.7
1.5
.9
.6
7.4
1.0.4.61.0
1.7
.4

12.6
5.2
1.4
.3
.3
6.6
1.6.6.9.9
1.9
.6

11.0
2.2
1.6
.3
•
6.8
.1.5
.61.3
1.9
.7

11.8 45
2.7 46
1.3 47
.7 48
.4 49
7.0 50
.4--51
.2 52
.7--53
1.2 54
1.8 55
.5 56

12.0
7.9
4.1

13.8
8.9
4.9

16.0
10.6
5.4

19.3
12.9
6.4

15.3
10.1
5.2

19.1
13.4
5.7

20.7
14.2
6.4

19.1
13.4
5.7

17. 1
11.6
5.5

19.0 57
13.2 58
5.8 59

12.0
1.2
.5
1.1
6.5
2.0
.5

13.8
2.7
.61.8
7.4
1.8
.6

16.0
2.6
.2
2.5
8.3
1.9
.2

19.3
3.0
1.2
3.2
9. 1
2.1
.5

15.3
2.4
.3
2.1
7.8
2.0
.5

19.1
1.6
2.3
3.0
9.6
1.9
.5

20.7
2.3
2.8
3.2
10.1
2.1
*

19.1
2.1
2.2
2.0
9.8
2.6
.2

17. 1
1.8
1.6
2.0
8. 5
2.7
.3

19.0
2.0
2.2
2.5
9.5
2.4
.2

60
61
62
63
64
65
66

5.2
2.4
.2
1.7
.5
.1
2.2

9.3
7.0
4.9
1.4
.7
.2
1.6

10.6
7.7
5.7
1.5
.6
.3
2.3

7.5
5.3
3.7
1.0
.7
.2
1.7

67
68
69
70
71
72
73

IV.

V.

»

»

OTHER SECURITIES
40
41
42
43
44

MORTGAGES

57 TOTAL NET BORROWING
1- TO 4-FAMILY
58
59
OTHER
60
61
62
63
64
65
66

NET ACQUISITIONS
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
insurance sector
mortgage companies

67
68
69
70
71
72
73

TOTAL NET BORROWING
NONFINANCIAL BUSINESS
CORPORATE
NCNFARM NONCORPORATE
FARM
REST OF THE WORLD
FINANCIAL SECTORS

VI. BANK LOANS N.E.C.




2.61.81.11.3.5
.8
1.9-

3.02.2.82.0.6
.8
2.0-

106

1.6
1.6
1.5
.1.3
.7
1.2-

8.7
8.0
2.0
5.2
.8
.2.5

1.2
1.4
.4
.4
.6
.5
1.2-

4. 9
4.0
3.9
.8.9
.3
.5

PRINCIPAL FINANCIAL FLOWS

PRINCIPAL FINANCIAL FLOWS
TABLE 3.

PRINCIPAL FINANCIAL TRANSACTIONS
IN BILLIONS OF OOLLARS

SAAR
1

I.

2

SAAR

3S.

SEASONALLY ADJUSTED, ANNUAL RATES

1960
3

1961
3

4

9.4
4.8
4.6
11.1
7.4
4.9
3.8
1.1
1.61.5
1.32.61.0

10. 7
.2
10.5
6.4
1.37.0
2.95.7
2.8
1.4
.7
1.5
2.8

20.2
9.2
.8
1.0
1.1
6.2

18.2
5.5
2.4.8
.5
6.6

4

TOT.

1

2

TUT.

DEMAND DEPOSITS AND CURRENCY

NET INCR. IN BANKING SYSTEM
liability
1
2
U.S. GOVT DEPOSITS
3
OTHER
4 NET INCREASE IN ASSETS, BY SECTOR
5
U.S. GOVT.
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
STATE AND LOCAL GOVTS.
10
FINANCIAL SECTORS
REST OF THE WORLD
11
12
DISCREPANCY-U.S. GOVT. CASH
13
- OTHER

2.21.2
3.42.51.2
2.84.6.9
l.l
.3.8•
.3

1.22.2
3.4.6
3.2
2.3.81.02.21.6
.31.0.7-

3.3
.53.8
2.3
1.23.2
1.0
.1
1.8
.3
.4
.7
.3

1.2
.5
.7
1.6
.4
.7
2.0
2.0.1
.6
.4
.1
.5-

.3
.9
.6.5
.9
.3.6.5.2
.6
. 1•
.2-

2.92.8
.73.11.8
2.4
1.6.41.4
.6
.2
.4

3.6
1.14.7
2.8
2. 15.4
3. 1
.1
1.5
.8
.6.9
. 1-

5.9
1
.3 2
5. 7 3
4.9 4
.2 5
4.8 6
7
1.6
1.3 8
.6 9
1.3 10
. 1--11
•
12
1.0 13

II. TIME AND SAVINGS ACCOUNTS
14 NET INCREASE - TOTAL
15 AT COMMERCIAL BANKS-TOTAL
16
CORPORATE BUSINESS
17
STATE AND LOCAL GOVTS.
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT ORGS.

7.7
.4.4.2
.9.7

20 AT SAVINGS INSTITUTIONS
MEMO - CONSUMER AND NONPROFIT
21 ORGAN.-TOTAL

20.9
9.4
1.3
.9
.6
6.5

14
15
16
17
18
19

15.3
5.8
.8
1.4
.3
3.3

24.8
13.6
5.6
.8
.1
7.0

20.5
9.3
1.2
1.1
.6
6. 1

10.9

9.5

11.2

11.2

11.0

12.7

11.5 20

16. 1

12.9

18.2

17. 1

17.2

18.8

17.8 21

2.65.12.5

1.2
18.0
16.8-

8.1
15. 1
7.0-

15.0
.9
14.2

4.7
11.3
6.6-

7.3 22
11.3 23
4.0--24

2.25. 73. 3.42.82.7.2
2.9
2.7
.7
2.0
.4.41.1
.6

1.3
7.47.3.5
7.8.9.7
8.3
8.2
1.9
6.4
.6
.2
.8.5

9.8
2. 1
2.3.7
2.93.7
.6
8.4
8.9
.2
8.7
.2
.9.2
.6-

15.1
1.82.6
.7
1.9
4.0.415.9
12i2
1.1
11.1
.2
.23.5
l.l

5.0
2.9
3.2
.9
2.4
.5.2
1.3
.1
2.8
2.71.0
.6.5.8

7.8 25
1.1--26
.9--27
.7 28
1.6--29
.4--30
.3 31
8.4 32
7.4 33
1.5 34
5.9 35
.5 36
. 1--37
.6 38
.4 39

13.3
4.7
1.1
1.0
2.4

19.6
9.4
1.6
2.3
.9
4.6

8.1

8.7

10.2

8.8

11.7

14.8

3.014.7 —
11.6

1.711.610.0

5.117.3
22.3-

.511.210.7

2.53.3
2.0
1.23.3
.21.5
7.58.2.77.5.3. 11.1
1.6

1.6—
3.32.1.51.52.91.6
1.7
1.4
2.9
1.5.7.51.4
*

5.212.54.4.24.26.02.17.9
7.8
.9
6.9
1.0.11.2
.6-

.4
10.38.7.2
8.91.7•
9.4
9.6
.49.9
.3
1.0.6
1.3

11.5
3.3
5.9
1.8
.6

11. 1
3. 7
5.3
1.5
.6

11.8
4.0
6.4
.9
.5

16.3
3.8
10.8
.8
.8

13.3
5.9
6.4
.1
.8

13.2
6. 3
5.5
.2
1.1

13.6
5.0
7.3
.5
.8

20.5
9.6
2.0
2.0
.3
5.3

III.U.S. GOVT. SECURITIES

22 TOTAL NET ISSUES
SHORT-TERM DIRECT
23
24
OTHER
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

NET ACQUISITIONS, BY SECTOR
PVT. DOMESTIC NONFIN. SECTORS
CONSUMERS AND NONPROFIT
SAVINGS BDS. AND POSTAL SVG. DEP.
SECURITIES
CORP. NONFIN. BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
BANKING SYSTEM
MONETARY AUTHORITIES
commercial BANKS
SAVINGS INSTITUTIONS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
REST OF THE WORLD

40
41
42
43
44

TOTAL NET ISSUES, BY SECTOR
STATE AND LOCAL GOVTS.
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
REST OF THE WORLD

10.2
2.7
4.9
1.7
.9

8.7
3.3
4.0
1.0

.4

14.1
5.4
6.3
1.7
.8

45
46
47
48
49
50
51
52
53
54
55
56

NET PURCHASES
CONSUMERS AND NONPROFIT ORGS.
STATE AND LOCAL GOVTS.
CORP. BUSINESS
COMMERCIAL BANKS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COS. - NET
PURCHASES
NET ISSUES
REST OF THE WORLD

10.2
3.4
1.7
.9
.86.4
1.6—
.9.71.1
1.8
.6

8.7
2.0
1.8
.51.06.4
.1.7
.8.8
1.7
.4

14.1
2.2
2.6
.71.4
7.7
.4
.7
.31.1
1.4
.2

11.5
1.0
2.5
.52. 1
•7.4
1.2.8.4.9
1.3

11.1
2.1
2.2
.2.4
7.0
.6. 1.51.0
1.5
.3

11.8
.8
2.3
.33.0
6.7
1.1.7.41. 1
1.5
.4

16.3
4.5
2.0
.11.3
7.5
.5
.9
.41.3
1.7
.6

13.3
1.2
1.8
.2
3.3
8.4
1.71.0.71.4
2. 1
.3

13.2
1.3
1.5
.2
3.3
8.1
.9.1
.91.7
2.7
.4

13.6 45
2.0 46
1.9 47
♦
48
2.7 49
7.7 50
.8--51
.2--52
.6--53
1.4 54
2.0 55
.4 56

IV.

V.

OTHER SECURITIES
40
41
42
43
44

MORTGAGES

57 TOTAL NET BORROWING
1- TO 4-FAMILY
58
59
OTHER

17.7
11.2
6.5

15.4
10.1
5.3

16.5
10.6
6.0

15.2
9.9
5.3

16.2
10.4
5.8

16.0
10.2
5.8

17.9
11.3
6.6

19.3
11.9
7.3

21.6
13.5
8.0

18.7 57
11.7 58
6.9 59

60
61
62
63
64
65
66

17.7
3.2
1.2
1.2
8.5
3.2
.2

15.4
1.9
1.7
.3
8.4
2.9
.1-

16.5
2.4
1.3
.6
9.1
2.7
.1

15.2
2.0
.8
.5
9.4
2.5
.3-

16.2
2.4
1.2
.7
8.8
2.8
*

16.0
1.7
.1
1.1
10.0
2.7

17.9
1.6
.1
1.4
10.8
2.8
.6

19.3
2.0
.8
1.8
11.0
2.2
.8

21.6
1.2
1.4
2.2
12.1
3.0
1. 1

18.7
1.6
.6
1.6
11.0
2.7
.6

8.3
8. 1
4.4
3.4
.3
.1
.1

4.3
3.5
3.5
.4.4
.2.8

el

5.0
1.9
.4
1.2
.3
.2
2.7

NET ACQUISITIONS
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE SECTOR
MORTGAGE COMPANIES

■

60
61
62
63
64
65
66

VI. BANK LOANS N.E.C.
67
68
69
70
71
72
73

TOTAL NET BORROWING
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
FARM
REST OF THE WORLO
FINANCIAL SECTORS




107

2.91.61.4
3.0»

.1
1.6-

1.0
.6
1.1
.4. 1.6
.4-

2.7
2.6
2.6
. 1.2
.1
.3-

.1
1.8
2.4
1.2.6
.4
2.2-

.4.5
.9.1
.8
.5-

5.7
3.3
3. 1
.2.3
1.3
.5

2.7 67
1.6 68
1.6 69
.3--70
.3 71
.7 72
.1 73

PRINCIPAL FINANCIAL FLOWS

PRINCIPAL FINANCIAL FLOWS
TABLE 3

PRINCIPAL FINANCIAL TRANSACTIONS
IN BILLIONS OF DOLLARS

SAAR
I

I.

2

3S.

SEASONALLY ADJUSTED, ANNUAL RATES

1962
3

1963
3

4

TOT.

1

2

SAAR

4

TOT.

DEMAND DEPOSITS AND CURRENCY

NET INCR. IN BANKING SYSTEM
LIABILITY
I
2
U.S. GOVT DEPOSITS
3
OTHER
4 NET INCREASE IN ASSETS, BY SECTOR
5
U.S. GOVT.
6
OTHER DOMESTIC SECTORS
7
CONSUMER AND NONPROFIT
8
NONFINANCIAL BUSINESS
9
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
10
REST OF THE WORLD
11
DI SCREPANCY-U.S. GOVT. CASH
12
13
- OTHER

.44.9
5.32.1
5.3
4.63.0
5.72.8l.l
1.4
• 4—
2.1-

6.3
3.9
2.3
5.2
3.6
2.0
5.5
4.71.4
.1.4—
.3
.7

4.76.51.7
5.16.32.1
1.0«

2.7
.4
.9.1.5

12.8
1.5
11.3
17.6
1.7
15.7
1°. 1
2.1
1.62. 1
.3
.24.7-

3.5
1.0
2.5
5.0
1.1
3.8
5. 1
2. 1.1.8
.1
.11.4-

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

II. TIME AND SAVINGS ACCOUNTS

14 NET INCREASE - TOTAL
15 AT COMMERCIAL BANKS-TOTAL
CORPORATE BUSINESS
16
17
STATE AND LOCAL GOVTS.
18
FOREIGN DEPOSITORS
19
CONSUMER AND NONPROFIT ORGS.

35.4
22.7
4.8
2.0
•
15.9

20 AT SAVINGS INSTITUTIONS
MEMO - CONSUMER AND NONPROFIT
21 ORGAN.-TOTAL

12.7

11.7

13.3

28.6

21.6

22.9

4.112.48.3

3.91.3.1
.6
.52.0.7
3.96.4.26.2.8
.5
1.2
1.2

25.0
13.3
2.6
.6
.1
10.1

23.5
10.2
.6
.4
.39.6

30.6
15.0
2.3
1.0
1.3
10.5

28.6
15.3
2.6
1.0
.3
11.5

14
15
16
17
18
19

15.7

13.3

20

25.7

24.7

21

9.7
2.4
7.3

7.4
2.4
5.0

22
23
24

9.8
1.3
.9
.2
.7
.7
.37.8
5.1
2.5
2.6
.4
.6
1.6
.7

7.6
2.4
.7
.3
.4
.3
1.4
3.9
2.2
2.0
.2
.4
.4
.8
1.3

25
26
27
28
29
30
31
32
33
34
15
36
37
38
39

III.U.S. GOVT. SECURITIES
22 TOTAL NET ISSUES
SHORT-TERM OIRECT
23
24
OTHER

15.4
17.8
2.4-

8.6
2.0
6.6

15.2
3.9
1.9.1
2.01.9
3.9
10.6
9.6
5.4
4.2
.8
.3
. 1.7

9.3
5.7
3.9
.4
3.5
.4
1.4
1.0
.7
.3
.4
.5.3
.5
2.6

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

NET ACQUISITIONS, BY SECTOR
PVT. DOMESTIC NONFIN. SECTORS
CONSUMERS AND NONPROFIT
SAVINGS BDS. AND POSTAL SVG. DEP.
SECURITIES
CORP. NONFIN. BUSINESS
STATE AND LOCAL GOVTS.
FINANCIAL SECTORS
BANKING SYSTEM
MONETARY AUTHORITIES
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
REST OF THE WORLD

40
41
42
43
44

TOTAL NET ISSUES, BY SECTOR
STATE AND LOCAL GOVTS.
NONFINANCIAL CORPORATIONS
FINANCE COMPANIES
REST OF THE WORLD

13.3
6.4
6.0
.3
.6

13.0
5.9
4.9
1.1
1.1

8.8
3.6
4.0
.5
.7

11.6
4.3
4. 1
1.4
1.8

11.7
5. 1
4.8
.8
1.0

40
41
42
43
44

45
46
47
48
49
50
51
52
53
54
55
56

NET PURCHASES
CONSUMERS ANO NONPROFIT ORGS.
STATE AND LOCAL GOVTS.
CORP. BUSINESS
COMMERCIAL BANKS
INSURANCE AND PENSION FUNDS
FINANCE N.E.C.
SECURITY BROKERS AND DEALERS
INVESTMENT COS. - NET
PURCHASES
NET ISSUES
REST OF THE WORLD

13.3
2.4
.9
.25.0
6.5
.3.9
1.31.9
3.2
.6-

13.0
3.41.3
.15.7
8.5
1.5
1.3
.2
2.4
2.2
.1-

8.8
2.01.5
.2
3.3
6.8
1.5-

11.6
-2—
1.7
.2
3.5
7.9
1.3.8. 4—
.4
.8
.1

11.7
.81.4
•
4.4
7.4
.4.3
.81.1
1.9
.1-

45
46
47
48
49
50
51
52
53
54
55
56

57 TOTAL NET BORROWING
58
1- TO 4-FAMILY
59
OTHER

21.4
13.2
8.3

24.6
15.5
9.1

25.5
16.3
9.2

27.4
16.5
10.9

24.7
15.4
9.4

57
58
59

60
61
62
63
64
65
66

NET ACQUISITIONS
CONSUMER AND NONPROFIT ORGS.
U.S. GOVERNMENT
commercial banks
SAVINGS INSTITUTIONS
INSURANCE SECTOR
MORTGAGE COMPANIES

21.4
3.1
1.2
2.4
12.3
2.2
.3-

24.6
2.0
.3
4.7
13.4
2.4
1.3

25.5
3.5
.14.6
13.4
3.0
.7

27.4
4.4
. 14. 3
14.2
4.5

24.7
3. 3
.3
4.0
13.3
3.0
.4

60
61
62
63
64
65
66

67
68
69
70
71
72
73

TOTAL NET BORROWING
NONFINANCIAL BUSINESS
CORPORATE
NONFARM NONCORPORATE
farm
REST OF THE WORLD
FINANCIAL SECTORS

3.9
1.9
1.3
.3
.4
2.1
.2-

8.2
6.1
1.7
3.9
.6
•
1.7

4.3
2.9
3.0
.9.8

7.65.0
4.5
.3.9
.4—
2. 1

6.0
4.0
2.6
.7
.7
.4
1.1

67
68
69
70
71
72
73

IV.

V.

OTHER SECURITIES

1.5.21.3
.3

MORTGAGES

VI. BANK LOANS N.E.C.




108

♦

.7

CONSUMER

CONSUMER

TABLE 4.

SECTOR STATEMENTS OF SOURCES ANO USES OF FUNDS

IN BILLIONS OF DOLLARS

SAAR

4S.

1952
3

12

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

2

1953
3

4

TOT.

(A) CONSUMER AND NONPROFIT ORGANIZATIONS
1
2
3

4
5
6

CURRENT RECEIPTS
INCOME RECEIPTS 1
TRANSFER RECEIPTS 2
TAXES AND OTHER DEDUCTIONS
TAXES LESS TAX REFUNDS 3
PENSION AND OASI DEDUCTIONS 4

264.3
252.1
12.2

267.5
255.1
12.4

273.6
260.3
13.3

278.4
264.9
13.6

271.0
258.1
12.9

283. 1
269.2
13.9

286.1
272.3
1 3.9

287.1
273.1
14.0

286.5
272.1
14.4

285.7
271.7
14.0

1
2
3

38.9
33.8
5.2

39.6
33.8
5.7

40.7
34.4
6.3

41.7
34.9
6.8

40.2
34.2
6.0

42.2
35.2
6.9

42.3
35.6
6.7

42.3
35.9
6.4

42.0
35.7
6.3

42.2
35.6
6.6

4
5
6

CUR. RECEIPTS AFTER DEDUCT. (1-4 )

225.4

227.9

232.9

236.7

230.7

241.0

243.8

244.7

244.5

243.5

7

8
9
10
11
12
13
14

CUR. EXPEND. FOR GOODS AND SERV. 5
NET LIFE INSURANCE PREMIUMS 6
CURRENT SURPLUS (7-8-9)
INSURANCE AND RETIREMENT CREDITS 7
CAPITAL CONSUMPTION 8
NET SAVING (10+11-12)
GROSS SAVING (12+13)

179.8
2.7
42.8
7.8
28.2
22.4
50.6

181.3
2.8
43.8
7.0
28.4
22.3
50.8

184.7
2.8
45.4
9.0
28.6
25.8
54.4

187.5
2.8
46.5
7.2
28.8
24.9
53.6

183.3
2.8
44.6
7.7
28.5
23.9
52.3

189.8
3.0
48.2
7.8
29.1
26.9
56.0

191.8
3.0
48.9
7.9
29.2
27.6
56.8

192.4
3.0
49.4
7.2
29.3
27.2
56.6

192.8
2.8
48.9
8.2
29.6
27.4
57.1

191.7
2.9
48.9
7.8
29.3
27.3
56.6

8
9
10
11
12
13
14

15
16
17
18
19

GROSS INVESTMENT (16+20)
CAPITAL EXPEND. (NET OF SALES)
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOODS
PLANT AND EQUIPMENT (NONPROFIT)

49.7
40.4
11.2
27.7
1.5

47.2
42.1
11.6
29.1
1.4

55.2
41.0
12.1
27.5
f.4

57.8
45.9
12.4
32. 1
1.4

52.5
42.3
11.8
29. 1
1.4

58.0
47.4
12.8
33.2
1.4

60.5
47.8
12.9
33.4
1.5

54.8
48.2
13.0
33.6
1.6

54.9
45.5
12.6
31.2
1.7

57.1
47.2
12.8
32.9
1.5

15
16
17
18
19

20
21
22
23
24
25

NET FINAN. INVESTMENT (21-35)
NET ACQUIS. OF FINAN. ASSETS 9
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

9.3
18.8
1.77.3
2.9
4.4

5.1
17.5
1.3
6.6
2.1
4.5

14.2
26.4
2.3
8.1
2.4
5.7

11.9
25.6
4.6
8.7
3.3
5.3

10.1
22.1
1.6
7.7
2.7
5.0

10.6
26. 1
4.9
8. 1
2.5
5.6

12.7
25.7
1.68.7
2.8
5.9

6.6
17.5
.58.4
2.5
5.9

9.4
19.2
. 17.9
2.4
5.5

9.8
22.1
.7
8.3
2.5
5.7

20
21
22
23
24
25

7

26
27

LIFE INSURANCE RESERVES 10
PENSION FUND RESERVES 10

3.6
4.2

2.7
4.2

3.8
5.2

2.7
4.5

3.2
4.5

3. 1
4. 7

3.3
4.6

2.9
4.3

3.4
4.8

3.2 26
4.6 27

28
29
30
31
32
33

CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES 11
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK
MORTGAGES

3.1
.51.3
.41.2
1.6

.16.01.4
1.0
2.7
.8

5.4
2.8
2.0
.8.8
.7

4.1
2.2
.4. 31.9
.8

3.1
.41.1
.21.6
1.0

3.2
.31.3
.6.8
1.9

9.6
4.4
2. 1
.8
1.6
.7

.7
1.62.0
1.41.0
.8

2.2
1.91.1
1.1
.8
1.1

3.9
.1
1.6
*
1.1
1.1

34

NET INVEST. IN NONCORP. BUS.

2.3

2.2

1.2

.5

1.5

1.6

.9

35
36
37
38
39
40
41

NET INCREASE IN LIABILITIES
CONSUMERS
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 12
SECURITY CREDIT

9.6
9.3
9.3
6.6
2.5
.2
.1

12.4
12.1
11.9
6. 1
5.8

12.2
12.0
11.5
6.7
4.6
.1
.5

13.7
13.4
13.4
6.9
6.3
.2
*

12.0
11.7
11.5
6.6
4.8
.1
.2

15.5
15.5
14. 7
7.6
6.8
.3
.8

13. 1
13.1
12.4
8.0
4.2
.2
.6

42

NONPROFIT ORGANIZATIONS 13

.2

.3

.3

.8-

4.2-

43

DISCREPANCY (14-15)




»

.2

.2

.3

.9

3.6

100

.1-

*

2.0-

•

3.7-

1.2
10.9
10.8
J 0.9
7.7
3.0
.3
. 1-

.6
9.8
9.7
9. 1
7.2
1.5
.4
.5

28
29
30
31
32
33

1.1 34

12.3
12.2
11.8
7.6
3.9
.3
.5

35
36
37
38
39
40
41

.1

.1

. 1 42

1.7

2.1

.5-■43

CONSUMER

CONSUMER

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

IN BILLIONS OF DOLLARS
SAAR

4S.

1

1954
3

2

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

2

1955
3

4

TOT.

(A) CONSUMER AND1 NONPROFIT ORGANIZATIONS

1
2
3

CURRENT RECEIPTS
INCOME RECEIPTS 1
TRANSFER RECEIPTS 2

4
5
6

TAXES AND OTHER DEDUCTIONS
TAXES LESS TAX REFUNDS 3
PENSION AND OASI DEDUCTIONS 4

7

284.9
269.8
15.1

285.2
269.3
15.9

287.5
271.2
16.4

292.2
275.0
17. 1

287.5
271.3
16.1

296.7
279.6
17.0

305.6
288.0
17.6

311.8
294.1
17.8

317.5
299.5
18.0

307.9
290.3
17.6

1
2
3

39.4
32.5
7.0

39.8
32.5
7.3

40.3
32.9
7.4

41.0
33.2
7.8

40. 1
32.8
7.4

42.5
34.3
8.1

43.4
35.1
8. 3

44.3
36.1
8.2

45.2
36.6
8.6

43.8
35.5
8.3

4
5
6

CUR. RECEIPTS AFTER DEDUCT. (1-4 ,

245.5

245.4

247.3

251.1

247.3

254.2

262.2

267.5

272.3

264.1

7

8
9
10
11
12
13
14

CUR. EXPEND. FOR GOODS AND SERV. 5
NET LIFE INSURANCE PREMIUMS 6
CURRENT SURPLUS (7-8-9)
INSURANCE AND RETIREMENT CREDITS 7
CAPITAL CONSUMPTION 8
NET SAVING (10+11-12)
GROSS SAVING (12+13)

194.0
3.0
48.5
8.1
30.3
26.3
56.6

195.7
3.0
46.7
8.3
31.2
23.8
55.1

197.7
3.1
46.4
6.8
32.1
21.2
53.3

200.4
3.1
47.7
8.3
32.6
23.3
55.9

196.9
3.0
47.3
7.9
31.5
23.7
55.2

201.8
3.3
49.1
8.2
33.2
24.1
57.3

205.7
3.3
53.2
8.5
33.7
28.0
61.7

209.8
3.3
54.5
9.1
34.1
29.5
63.6

213.5
3.5
55.3
9.0
34.8
29.5
64.3

207.7
3.3
53.0
8.7
33.9
27.8
61.7

8
9
10
11
12
13
14

15
16
17
18
19

GROSS INVESTMENT (16+20)
CAPITAL EXPEND. (NET OF SALES)
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOODS
PLANT AND EQUIPMENT (NONPROFIT)

54.9
45.5
12.5
31.2
1.8

57.0
46.9
12.8
32.2
1.8

54.7
48.0
13.8
32.3
1.9

58.5
50.8
14.9
33.9
2.0

56.3
47.8
13.5
32.4
1.9

55.9
55.3
15.0
38.2
2.0

61.0
58.7
17.6
39.1
2.0

68.8
62. 1
18.6
41.4
2.0

67.8
59.9
18. 1
39.8
2.0

63.4
59.0
17.3
39.6
2.0

15
16
17
18
19

20
21
22
23
24
25

NET FINAN. INVESTMENT (21-35)
NET ACQUIS. OF FINAN. ASSETS 9
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

9.4
16.5
.38.5
1.9
6.5

10.2
20.4
1.8
9.4
3.0
6.4

6.7
19.5
4.3
9.6
2.5
7.0

7.7
24.9
3.6
9.5
2.6
6.9

8.5
20.3
2.3
9.2
2.5
6.7

.6
21.5
.6
9.0
1.9
7.1

2.3
24.0
.1
7.9
1.2
6.7

6.7
27.8
.7
8.9
1.8
7.1

7.9
26.6
1.4—
9.0
1.9
7. 1

4.4
25.0
•
8.7
1.7
7.0

20
21
22
23
24
25

26
27

LIFE INSURANCE RESERVES 10
PENSION FUND RESERVES 10

3.1
4.9

3.3
5.0

2.7
4.2

3. 1
5. 1

3.1
4.8

3.2
5.0

3.0
5.5

3.5
5.6

3. 1
5.9

3.2 26
5.5 27

28
29
30
31
32
33

CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES 11
STATE AND LOCAL OBLIGATIONS
CORPORATE ANO FOREIGN BONDS
CORPORATE STUCK
MORTGAGES

.9
3.0.7
.52.3
1.4

•
1.81.2
1.21. 1
.7

1.93.1.1.1
•
1.3

3.8
1.5
1.3
.5•
1.5

.7
1.6.8
.5.8
1.2

3.0
.8
•
.5
.8
.9

8.3
3.8
2.2
.8
.4
1.0

8.9
3.0
2.0
1.3
1.6
1.0

8.8
.8
2.7
1 .6
1.9
1.8

7.2
2.1
1.7
1.0
1.2
1.2

28
29
30
31
32
33

*

34

20.6
19.6
18.9
12.3
6.4
.2
.7

35
36
37
38
39
40
41

34

NET INVEST. IN NONCORP. BUS.

1.3-

•

35
36
37
38
39
40
41

NET INCREASE IN LIABILITIES
CONSUMERS
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES

7.1
6.8
6.6
6.9
.7.4
.1

10.2
9.8
8.9
7.9
.7
.3
.9

42

43

CONSUMER CREDIT

OTHER LOANS 12
SECURITY CREDIT
NONPROFIT ORGANIZATIONS 13
DISCREPANCY (14-15)




.1

12.8
12.5
10.9
9.5
1.1
.3
1.5

.9-

17.2
16.8
15.0
11.7
3. 1
.2
1.8

.5-

.4

1.1-

11.8
11.5
10.4
9.0
1.1
.3
1.1

20.9
19.9
18.5
12.3
5.9
.3
1.4

21.7
20.8
20.3
13.1
7.1
.2
.4

.3

.4

.4

.4

.4

1.0

1.0

1.7

2.0-

1.4-

2.6-

1.1-

1.5

.7

no

.5-

21.1
20.2
19.4
12.3
6.9
.2
.7
.9

5.2-

1.0

18.7
17.7
17.5
11.7
5.6
.2
.3
1.0

1.0 42

3.6-

1.6--43

CONSUMER

CONSUMER

TABLE

h.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

IN BILLIONS OF DOLLARS
SAAR

4S.

SEASONALLY ADJUSTED

ANNUAL RATES

12

3

SAAR

1957

1956

4

TOT.

3

12

4

TOT.

(A) CONSUMER AND NONPROFIT ORGANIZATIONS
I
2
3

CURRENT RECEIPTS
INCOME RECEIPTS 1
TRANSFER RECEIPTS 2

4
5
6

TAXES AND OTHER DEDUCTIONS
TAXES LESS TAX REFUNDS 3
PENSION AND OASI DEDUCTIONS 4

7

321.7
303.3
18.4

328.7
309.8
18.9

333.1
313.8
19.2

338.7
319. 1
19.6

330.6
311.5
19.0

343.2
322.6
20.6

349. 1
326.9
22.2

353.3
331.0
22.3

351.5
327.7
23.8

349.3
327.1
22.2

1
2
3

47.2
38.8
8.4

48.7
39.5
9.2

49.6
40.1
9.6

50. 1
40.7
9.4

48.9
39.8
9. 1

52.5
41.8
10.7

53.0
42.2
10.7

53.2
42.8
10.4

52.9
42.7
10.2

52.9
42.4
10.5

4
5
6

CUR. RECEIPTS AFTER DEDUCT. (1-4 )

274.5

280.0

283.4

288.7

281.7

290.6

296.2

300.1

298.7

296.4

7

8
9
10
11
12
13
14

CUR. EXPEND. FOR GOODS AND SERV. 5
NET LIFE INSURANCE PREMIUMS 6
CURRENT SURPLUS (7-8-9)
INSURANCE AND RETIREMENT CREDITS 7
CAPITAL CONSUMPTION 8
NET SAVING (10+11-12)
GROSS SAVING (12+13)

216.5
3.5
54.5
8.3
35.7
27.1
62.8

219.5
3.4
57.1
9.8
36.5
30.5
67.0

221.9
3.5
58.0
11.2
37.2
32.0
69.2

225.1
3.7
59.9
9.2
38. 1
31.0
69. 1

220.7
3.5
57.4
9.6
36.9
30.2
67.0

228.3
3.4
58.9
9.6
39.0
29.6
68.6

231.5
3.3
61.4
9.6
39.7
31.3
71.0

236.0
3.4
60.7
8.9
40.4
29.2
69.6

237.0
3.4
58.3
9. 1
41.0
26. 3
67.4

233.2
3.4
59.8
9.3
40.0
29. 1
69.1

8
9
10
11
12
13
14

15
16
17
18
19

GROSS INVESTMENT (16+20)
CAPITAL EXPEND. (NET OF SALES)
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOODS
PLANT AND EQUIPMENT (NONPROFIT)

67.5
58.5
17.6
38.8
2.1

70.7
57.2
16.9
38.2
2.1

69.5
56.5
16.7
37.7
2.1

69.4
58.0
16.4
39.4
2.2

69.3
57.6
16.9
38.5
2.1

71.5
58.7
16.0
40.4
2.3

76.5
58.5
15.7
40.4
2.4

74.2
58.9
15.4
40.9
2.5

72.3
57.7
15.3
39.7
2.6

73.6
58.5
15.6
40.4
2.5

15
16
17
18
19

20
21
22
23
24
25

NET FINAN. INVESTMENT (21-35)
NET ACQUIS. OF FINAN. ASSETS 9
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

9.0
26.9
1.7
8.5
1.4
7.1

13.5
28.2
2.6
9.3
2.1
7.2

13.0
27.4
1.19.6
2.4
7.2

11.3
25.6
1.3
10.1
2.8
7.2

11.7
27.0
1.1
9.4
2.2
7.2

12.8
25.8
3.413.3
6.9
6.4

18.0
31.4
3.8
11.3
4.1
7.2

15.3
27.3
5.911.5
4.9
6.6

14.7
24.0
.9
12.0
4.8
7.2

15.2 20
27. 1 21
1.2--22
12.0 23
5.2 24
6.8 25

26
27

LIFE INSURANCE RESERVES 10
PENSION FUND RESERVES 10

3.3
5.0

4.0
5.9

4.0
7.2

3.9
5.3

3.8
5.8

3.4
6.2

3.0
6.6

2.9
6.1

2.1
7.0

2.9 26
6.5 27

28
29
30
31
32
33

CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES 11
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK
MORTGAGES

9.4
2.2
2.4
.4
2.4
1.9

6. 1
1.2
1.7
2.1
.21.3

8.3
2.0
.2
1.2
3.3
1.7

5.1
2. 12.1
.5
2.7
1.8

7.2
.8
1.6
1.0
2.1
1.7

8.1
.4
2.7
1.1
1.7
2.1

6.4
1.21.8
1.1
2.9
1.8

11.3
4.6
2.4
1.4
.4
2.4

•
5.81.3
.5
1.7
2.2

6.4 28
.5--29
2.1 30
1.0 31
1.7 32
2. 1 33

34

NET INVEST. IN NONCORP. BUS.

35
36
37
38
39
40
41

NET INCREASE IN LIABILITIES
CONSUMERS
CREDIT MARKET INSTRUMENTS
I- TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 12
SECURITY CREDIT

42
43

NONPROFIT ORGANIZATIONS 13
DISCREPANCY




(14-15)

1.6-

17.9
17.5
17.2
12.0
5.0
.3
.2

.3

14.7
14.1
14.6
11.0
3.3
.4
.5-

.5

.5

4.7-

3.8-

111

.8-

.2-

.5-

1.6-

.213.4
12.9
12.4
8.9
3.1
.4
.5

1.1

1.4

12.0
11.4
11.7
8.4
2.8
.5
.3-

9.4
8.8
9.9
7.6
1.8
.5
1.1-

14.4
13.9
13.8
10.8
2.8
.2
.1

14.3
13.8
13.8
10.3
3.0
.4
.1

.5

.4

.5

.5

.5

.6

.6

.3-

.2-

2.3-

2.9-

5.5-

4.6-

5.0-

15.3
14.8
14.9
11.0
3.5
.3
*

13.0
12.5
13.2
9.9
2.9
.4
.7-

.2 34

11.9 35
11.4 36
11.8 37
8.7 38
2.6 39
.4 40
.4--41
.5 42

4.5--43

CONSUMER

CONSUMER

TABLE 4.

SECTOR STATEMENTS OF SOURCES ANO USES OF FUNOS
IN BILLIONS OF DOLLARS
4S.

SAAT
I

1958
3

2

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES
2

1959
3

4

TOT.

(A) CONSUMER AND NONPROFIT ORGANIZATIONS

1
2
3
4
5
6

CURRENT RECEIPTS
INCOME RECEIPTS 1
TRANSFER RECEIPTS 2

TAXES AND OTHER DEDUCTIONS
TAXES LESS TAX REFUNDS 3
PENSION AND OASI DEDUCTIONS 4

350.5
325.4
25.0

353.1
326.1
27.0

361.9
334.3
27.7

365.5
338.0
27.5

357.7
330.9
26.8

372.8
345.5
27.3

382.4
354.6
27.7

382.9
354.9
28.1

387.4
357.9
29.5

381.4
353.2
28.1

1
2
3

52.4
41.3
11.0

51.3
41.5
9.9

53.5
42.5
11.0

54.2
42.9
11.3

52.9
42.1
10.8

57. 1
44.9
12.3

58.7
46.1
12.6

58.0
46.6
11.5

60.8
48.1
12.6

58.7
46.4
12.2

4
5
6

CUR. RECEIPTS AFTER DEDUCT. (1-^ )

298.1

301.8

308.4

311.2

304.9

315.7

323.7

324.9

326.6

322.7

7

8
9
10
11
12
13
14

CUR. EXPEND. FOR GOODS AND SERV. 5
NET LIFE INSURANCE PREMIUMS 6
CURRENT SURPLUS (7-8-9)
INSURANCE AND RETIREMENT CREDITS 7
CAPITAL CONSUMPTION 8
NET SAVING (10+11-12)
GROSS SAVING (12+13)

238.7
3.3
56.0
10.6
41.3
25.3
66.6

242.1
3.1
56.5
8.9
41.5
24.0
65.5

245.0
3.4
60.0
11.3
41.6
29.6
71.3

247.2
3.1
60.9
11.5
41.9
3Q.6
72.4

243.3
3.2
58.4
10.6
41.6
27.4
68.9

250.4
3.6
61.7
11.5
42.4
30.7
73.2

254.9
3.7
65.0
12.2
43.1
34.1
77.2

257.7
3.7
63.5
10.6
43.9
30.2
74.1

261.3
3.7
61.7
11.7
44.6
28.8
73.4

256.1
3.7
63.0
11.5
43.5
31.0
74.5

8
9
10
11
12
13
14

15
16
17
18
19

GROSS INVESTMENT (16+20)
CAPITAL EXPEND. (NET OF SALES)
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOOOS
PLANT AND EQUIPMENT (NONPROFIT)

71.1
54.5
15.3
36.5
2.7

63.0
54.3
15.2
36.3
2.7

82.2
54.5
15.0
36.7
2.7

77.9
58.1
15.8
39.5
2.8

73.6
55.4
15.3
37.3
2.7

74.3
62.5
17.7
42.0
2.8

80.0
66.7
19.5
44.4
2.8

77.2
68.1
20.4
44.9
2.9

80.4
65.3
19.3
43.1
3.0

78.0
65.7
19.2
43.6
2.9

15
16
17
18
19

20
21
22
23
24
25

NET FINAN. INVESTMENT (21-35)
NET ACQUIS. OF FINAN. ASSETS 9
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

16.6
26.1
1.2
13.9
5.1
8.8

8.7
20.2
1.414.2
5.8
8.4

27.7
38.8
8.6
14.2
5.2
9.0

19.8
36.2
1.6
13.7
5.0
8.6

18.2
30.3
2.5
14.0
5.3
8.7

11.8
33. 1
4.3
11.5
3.1
8.4

13.3
34.3
.512.9
4.2
8.7

9.1
30.8
.311.0
2.3
8.7

15.1
33.9
1.3
9.9
2.2
7.7

12.3
33.0
1.2
11.3
3.0
8.4

20
21
22
23
24
25

4. 1
7.4

3.3
7.3

3.8
7.7

4.8
7.4

3.1
7.5

3.5
8.2

3.4
2.5.9
.5
2.1
2.4

6.9
4.7
.1
.61.2
1.6

13.5
8.4
2.4
.81.1
2.3

14.0
6.7
3.3
l.l
.7
2.1

13.2
9.2
.8
.4
1.0
1.8

7

26
27

LIFE INSURANCE RESERVES 10
PENSION FUND RESERVES 10

2.6
8.0

2.8
6.1

3.7
7.5

28
29
30
31
32
33

CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES 11
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK
MORTGAGES

.2
6.81.9
2.7
1.2
1.2

2.83.9.63.12.1
2.7

4.2
4.21.0
1.6
3.1
2.6

34

NET INVEST. IN NONCORP. BUS.

35
36
37
38
39
40
41

NET INCREASE IN LIABILITIES
CONSUMERS
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES

42
43

CONSUMER CREDIT

OTHER LOANS 12
SECURITY CREDIT
NONPROFIT ORGANIZATIONS 15

DISCREPANCY (1^-15)




.39.5
8.8
7.0
7.9
1.4.4
1.9
.7

4.5-

.3

11.5
10.8
8.9
9.3
.8.5
1.9

.7
2.5

112

•2

11.1
10.3
10.4
9.8
.2
.3
.1.9

10.9-

11.9
5.1
1.1
.9
1.8
3.0
2.7-

16.3
15.5
14.5
11.5
2.6
.3
1.0

.6-

12.1
11.3
10.2
9.6
.2
.4
1.2

1.5-

21.3
20.6
19.4
12.8
6.2
.4
1.1

3.6-

4.7-

21.0
20.1
20.4
13.6
6.4
.5
.3-

21.7
21.3
21.6
13.4
7.7
.5
.3-

2.5-

18.8
18.1
18.5
12.4
5.4

.7
.4-

.9

.8

.8

.9

.4

.7

5.5-

4.6-

1.1-

2.8-

3.1-

7.0-

3.8 26
7.7 27
11.9
7.2
1.7
•
1.0
2.0

28
29
30
31
32
33

3.1--34
20.7
20.0
20.0
13.1
6.4
.5
•

35
36
37
38
39
40
41

.7 42
3.5--43

CONSUMER

CONSUMER

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS
IN BILLIONS OF DOLLARS

SAAR

4S.

1

1960
3

2

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

2

1961
3

4

TOT.

(A) CONSUMER ANOI NONPROFIT ORGANIZATIONS

1
2
3

CURRENT RECEIPTS
INCOME RECEIPTS 1
TRANSFER RECEIPTS 2

4
5
6

TAXES AND OTHER DEDUCTIONS
TAXES LESS TAX REFUNDS 3
PENSION AND OASI DEDUCTIONS 4

7

395.0
365.7
29.3

399.5
369.7
29.8

401.1
370.6
30.5

401.3
369.3
32.0

399.2
368.8
30.4

403.3
370.3
33.0

412.5
377.7
34.8

418.0
383.3
34.7

426.2
390.7
35.5

415.0
380.5
34.5

2
3

64.6
51.1
13.4

65.0
51.4
13.6

65.3
51.0
14.3

63.7
50.6
13.1

64.6
51.0
13.6

64.9
51.2
13.7

65.7
52.2
13.5

66.5
52.4
14.1

69.4
54.5
14.9

66.6
52.6
14.1

4
5
6

CUR. RECEIPTS AFTER DEDUCT, 11-^ )

330.5

334.5

335.9

337.6

334.6

338.4

346.8

351.5

356.8

348.4

7

8
9
10
11
12
13
14

CUR. EXPEND. FOR GOODS AND SERV. 5
NET LIFE INSURANCE PREMIUMS 6
CURRENT SURPLUS (7-8-9)
INSURANCE AND RETIREMENT CREDITS 7
CAPITAL CONSUMPTION 8
NET SAVING (10+11-12)
GROSS SAVING (12+13)

264.2
3.5
62.8
11.3
44.3
29.7
74.0

269.3
3.5
61.7
11.1
45.1
27.7
72.8

269.2
3.7
63.0
11.4
45.9
28.5
74.4

271.2
3.8
62.6
10.0
46.7
25.9
72.6

268.5
3.6
62.5
11.0
45.5
28.0
73.5

274.1
3.0
61.3
11.7
46.9
26.1
73.0

276.3
3.7
66.8
12.4
46.9
32.3
79.2

278.5
2.9
70.1
12.6
46.9
35.8
82.7

281.8
3.3
71.7
13.6
47.0
38.3
85.3

277.7
3.2
67.5
12.6
46.9
33.1
80.1

8
9
10
11
12
13
14

15
16
17
18
19

GROSS INVESTMENT (16+20)
CAPITAL EXPEND. (NET OF SALES)
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOODS
PLANT AND EQUIPMENT (NONPROFIT)

70.2
67.1
18.5
45.5
3.1

74.7
67.4
18.6
45.7
3.2

76.7
66.4
18.6
44.6
3.3

73. 1
65.4
18.2
43.9
3.3

73.7
66.6
18.5
44.9
3.2

76.2
61.8
17.2
41.2
3.4

83.9
62.0
15.6
43.1
3.4

89.4
63.2
15.9
43.9
3.4

82.8
67.9
18. 1
46.4
3.4

83. 1
63.7
16.7
43.6
3.4

15
16
17
18
19

20
21
22
23
24
25

NET FINAN. INVESTMENT (21-35>
NET ACQUIS. OF FINAN. ASSETS 9
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

3.1
20.5
4.68.8
.7
8.1

7.3
24.0
.811.7
2.4
9.2

10.3
27.6
1.0
14.8
4.6
10.2

7.7
21.8
2.0
16. 1
5.3
10.8

7. 1
23.5
.612.9
3.3
9.6

14.4
27.9
2.4
18.2
7.0
11.2

21.9
36.2
3.1
17.1
6.1
11.0

26.2
40.3
3.8
17.2
6.2
11.0

15.0
36. 3
2.918.8
6.6
12.2

19.4
35.2
1.6
17.8
6.5
11.4

20
21
22
23
24
25

26
27

LIFE INSURANCE RESERVES 10
PENSION FUND RESERVES 10

4.0
7.3

3.3
7.8

3.6
7.8

3.2
6.9

3.5
7.4

3.9
7.8

3.7
8.8

4.0
8.7

3.6
9.9

3.8 26
8.8 27

28
29
30
31
32
33

CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES 11
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK
MORTGAGES

8.6
2.0
1.4
1.4
.6
3.2

1.9
2.12.9
.6.31.9

.1
4.42.4
.9.6
2.4

5.78.7•
.6
.3
2.0

1.2
3.31.7
.1
.3
2.4

4.87.3.5.21.5
1.7

3.9
2.31.5
1.4
1.7
1.6

5.7
2.6
1.0
.81.0
2.0

5.7
3.2
2.1
.4—
.41.2

2.6 28
.9--29
1.0 30
•
31
.9 32
1.6 33

34

NET INVEST. IN NONCORP. BUS.

35
36
37
38
39
40
41

NET INCREASE IN LIABILITIES
CONSUMERS
CREDIT MARKET INSTRUMENTS
1- TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 12
SECURITY CREDIT

42
43

NONPROFIT ORGANIZATIONS 13

DISCREPANCY (14-15)




3.7-

.7-

17.4
17.1
18.7
11.6
6.3
.8
1.5-

16.7
16.3
16.7
10.2
5.7
.8
.4-

.3

3.9

.1-

17.3
16.6
15.4
11.1
3.5
.8
1.2

1.0-

14.1
13.6
13.4
10.4
2.4
.5
.3

1.416.4
15.9
16.0
10.8
4.5
.7
.1-

.4

.7

.5

.5

1.9-

2.3-

.5-

.2-

113

1.2-

13.4
13.0
11.4
10.4
.2
.8
1.6

.1

14.3
13.8
12.0
11.5
.2.7
1.8

.7

1.0

14.1
13.5
13.1
11.0
1.6
.4
.4

21.3
20.2
18.6
13.3
4.9
.4
1.6

.2 34

15.8
15.1
13.8
11.5
1.7
.6
1.3

35
36
37
38
39
40
41

.5

.5

.7

1.1

.7 42

3.2-

4.7-

6.7-

2.5

3.0-•43

CONSUMER

CONSUMER

TABLE <*.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS
IN BILLIONS OF DOLLARS
AS.

SAAR

1

1962
3

2

SEASONALLY ADJUSTED

4

TOT.

1L

ANNUAL RATES

2

1963
3

SAAR

4

TOT.

(A) CONSUMER AND NONPROFIT ORGANIZATIONS

1
2
3
4
5
6
7

CURRENT RECEIPTS
INCOME RECEIPTS 1
TRANSFER RECEIPTS 2
TAXES
AND UTHER DEDUCTIONS
TAXES LESS TAX REFUNDS 3
PENSION AND OASI DEDUCTIONS A

CUR. RECEIPTS AFTER DEDUCT.

U-1* )

431.8
396.0
35.8

439.5
40 3.7
35.8

443.4
407.4
36.0

448. 7
411.4
37. 3

440.8
404.6
36.2

1
2
3

69.9
55.8
14.1

73.1
57.5
15.6

72.4
57.7
14.8

73.7
58.1
15.6

72.3
57.3
15.0

4
5
6

361.9

366.4

370.9

374.9

368.5

7

285.8
3.5
72.6
12.6
47.5
37.7
85.2

289.5
3.7
73. 1
14.0
48.2
38.9
87.1

292.9
3.5
74.5
11.9
48.9
37.6
86.5

296. 1
3.6
75.2
12.5
49.6
38. 1
87. 7

291.1
3.6
73.9
12.8
48.5
38. 1
86.6

8
9
10
11
12
13
14

GROSS INVESTMENT (16+20)
CAPITAL EXPEND. (NET OF SALES)
RESIDENTIAL CONSTRUCTION
CONSUMER DURABLE GOODS
PLANT AND EQUIPMENT (NONPROFIT)

96.4
69.0
18.3
47.3
3.5

89.7
67.4
16.3
47.5
3.6

77.2
68.9
17.6
47.7
3.7

100.7
72.8
18.5
50.5
3.8

91.0
69.5
17.7
48.2
3.6

15
16
17
18
19

NET FINAN. INVESTMENT (21-35)
NET ACQUIS. OF FINAN. ASSETS 9
DEMAND DEPOSITS AND CURRENCY
SAVINGS ACCOUNTS
AT COMMERCIAL BANKS
AT SAVINGS INSTITUTIONS

27.4
46.0
3.0
28.6
15.9
12.7

22.3
42.4
5.5
21.6
10. 1
11.5

8.2
31.7
1.022.9
9.6
13.3

28.0
53.4
13.1
25.7
10.5
15.3

21.5
43.4
5. 1
24.7
11.5
13.2

20
21
22
23
24
25

3.8
10.2

4.5
7.4

4.3
8. 2

4.2
8.5

26
27

1.5
.1
. 7.7.63.5

5. 1
.9
.9.3
.3
4.4

3.2
.7
.5.5
.93.3

28
29
30
31
32
33

2.6-

34

21.9
20.8
21.0
14. 7
5.8
.5
. 1-

35
36
37
38
39
40
41

8
9
10
11
12
13
IA

CUR. EXPEND. FOR GOODS AND SERV. 5
NET LIFE INSURANCE PREMIUMS 6
CURRENT SURPLUS (7-8-9)
INSURANCE AND RETIREMENT CREDITS 7
CAPITAL CONSUMPTION 8
NET SAVING (10+11-12)
GROSS SAVING (12+1?)

15
16
17
18
19
20
21
22
23
2A
25
26
27

LIFE INSURANCE RESERVES 10
PENSION FUND RESERVES 10

4.3
8.3

28
29
30
31
32
33

CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES 11
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
CORPORATE STOCK
MORTGAGES

3.6
1.9.4
1.1
.9
3.1

INVEST.

IN NONCORP. BUS.

3A

NET

35
36
37
38
39
AO
41

NET INCREASE IN LIABILITIES
CONSUMERS
CREDIT MARKET INSTRUMENTS
I- TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 12
SECURITY CREDIT

A2

A3

NONPROFIT ORGANIZATIONS 15

DISCREPANCY




(14-15)

2.6
3.9
.81.4
4.02.0

1.7-

2.8-

18.6
17.9
18.5
13.7
4.3
.5
.6-

20.1
19.4
22.5
15.0
7.0
.5
3.1-

.8
11.3-

2.5-

23.4
22.1
20.5
15.6
4.3
.6
1.5

3.5-

25.4
24. 1
22.4
14. 3
7.6
.5
1.7

.8

1.4

1.4

1.1

42

2.6-

9.3

13.0-

4.4-

43

114

BUSINESS

BUSINESS

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS (CONTINUED)

IN BILLIONS OF DOLLARS
SAAR

4S.

1

1952
3

2

SEASONALLY ADJUSTED

4

TOT.

1

SAAR

ANNUAL RATES

1953
3

2

4

TOT.

(B) FARM BUS INESS
I
2
3
4
5

NET INCOME
PROPRIETORS INCOME WITHDRAWALS 14
NET SAVING (1-2 ) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING { 3+M

6
7
8
9

14.7
14.7

15.6
15.6

17.1
17.1

13.9
13.9

15.3
15.3

13.7
13.7

13.2
13.2

12.9
12.9

13.3
13.3

13.3
13.3

1
2

3.4
3.4

3.4
3.4

3.4
3.4

3.4
3.4

3.4
3.4

3.5
3.5

3.5
3.5

3.6
3.6

3.6
3.6

3.6
3.6

4
5

GROSS INVESTMENT (7-10)
CAPITAL EXPENDITURES
CONSTRUCTION AND EQUIPMENT 16
CHANGE IN INVENTORIES

3.4
6.0
4.8
1.2

3.4
6.0
4.8
1.2

3.4
5.5
4.7
.8

3.4
5.1
4.6
.5

3.4
5.6
4.7
.9

3.5
4. 3
4.8
.5-

3.5
3.9
4.8
.9-

3.6
3.9
4.7
.8-

3.6
4.3
4.6
.3-

3.6
4. 1
4.7
.6 -

6
7
8
9

10
11
12
13
14
15
16
17
18

NET FINANCIAL INVESTMENT (11-12)
NET ACQUIS. OF FINAN. ASSETS 17
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C. 18
OTHER LOANS 19
TRADE DEBT
PROPRIETORS- NET INVESTMENT

2.6«
2.5
.2
.4
.2.1
.9
1.4

2.5*
2.5
.9
.7
.1
.1
.6
1.0

2.0.12.0
.6
.4
.2

1.7. 11.6
1.3
.9
.3
.1
.71.0

2.2-

.8. 1.7
.5.4
.8. 1.8
.5

.4•
.3
.1
.5
.3•
.5.7

.3*
.2
.2
.6
.4•
.2.2

.6«
.6
.3
.6
.2•
.4.7

19
20
21
22
23

NET INCOME 20
PROPRIETORS- INCOME WITHDRAWALS 21
NET SAVING (19-20) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (21+22)

24
25
26
27

»

.11.5

2.2
.8
.6
.1
.1
.2
1.2

.5--10
* 11
.5 12
*
13
.5 14
.4--15
•
16
.1--17
.5 18

(C) NONCORPORATE NONFINANCIAL BUSINESS
32.6
32.6

33.0
33.0

33.0
33.0

33.7
33.7

33. 1
33. 1

33.7
33.7

33.5
33.5

33.5
33.5

33.4
33.4

33.5 19
33.5 20

6.1
6. 1

6.1
6.1

6.1
6.1

6. 1
6. 1

6.1
6. 1

6.3
6.3

6.4
6.4

6.5
6.5

6.7
6.7

6.5 22
6.5 23

GROSS INVESTMENT (25+28)
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT 22
CHANGE IN INVENTORIES 20

6.1
6.7
7.4
.7-

6. 1
6. 1
7.4
1.3-

6.1
7.3
6.4
.9

6. 1
8. 1
7.3
.8

6. 1
7. 1
7.2
. 1-

6.3
8.1
7.8
.3

6.4
8.6
7.8
.8

6.5
7.9
7.7
.3

6. 7
7.2
7.6
.4-

6.5
8.0
7.7
.3

28
29
30
31
32
33
34
35
36
37
38

NET FINANCIAL INVESTMENT (29-32)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 23
TRADE DEBT, NETIDEBT LESS ASSET)
PROPRIETORS- NET INVESTMENT

.7.1
.3.3
.8
1.11.6.5
.11.0
.9

•
.5
.3.6
.5
3.7.5
4.6.3
3.0
1.2

1.3.4
.3.5
1.7
3.9
.7
2.8
.4
1.9.3-

2.0-

1.0.3
.3.4
1.3
2.0
•
1.6
.3
1.0.3

1.8.3
.1.1
2.1
.71.5
2.3•
1.7
1. 1

2.2.6
.1.5
2.8
4.8
.6
3.7
.4
2.1.2

1.4.5
.1.4
1.9
2.4.5
3.5.6
3.2
1.0

.5.2. 1.3.4
1.2
.6
.9
.3.7. 1-

1.5--28
.3 29
. 1--30
.2 31
1.8 32
.7 33
.8 34
• 3--35
.2 36
.5 37
.5 38

39
40
41
42
43
44

PROFITS 20
PROFITS TAX PAYMENTS NET 24
NET DIVIDEND PAYMENTS 25
NET SAVING (39-40-41)
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (42+43)

35.4
21.6
7.2
6.6
11.3
17.9

32.7
21.7
7.2
3.9
11.7
15.6

31.9
21.5
7.2
3.2
12.0
15.2

34.7
21.5
7.2
6.0
12.5
18.6

33.7
21.6
7.2
4.9
11.9
16.8

36.1
18.4
7.5
10.3
13.0
23.3

35.4
18. 1
7.5
9.8
13.4
23.2

33.3
18.0
7.4
7.8
13.8
21.6

27.1
17.9
7.3
1.9
14.1
16.0

33.0
18. 1
7.4
7.4
13.6
21.0

39
40
41
42
43
44

45
46
47
48
49
50

GROSS INVESTMENT (46+51)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION 26
CHANGE IN INVENTORIES 20

16.6
26.6
21.9
21.3
.6
4.6

19.0
20.4
22.4
21.9
.6
2.0-

14.1
22.4
20.0
19.6
.4
2.5

16.2
25.2
21.3
20.8
.5
3.9

16.5
23.6
21.4
20.9
.5
2.2

23.6
25.1
22.4
22.0
.4
2.7

22.7
25.9
22.7
22. 1
.5
3.2

21.1
24.5
23.2
22.9
.4
1.2

12.8
19.2
23.2
22.6
.5
3.9-

20.0
23.7
22.9
22.4
.5
.8

45
46
47
48
49
50

51
52
53
54
55
56
57
58
59
60

NET FINANCIAL INVESTMENT (52-61)
NtT ACQUIS. OF FINAN. ASSETS
LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
CONSUMER CREDIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 27

10.06.1
2;7
5.5
2.8.7
.2
1.6
1.0

1.4—
2.8
2.9
.63.5
1. 1
.7
3.41.4

8.37.1
2.4.4
2.8.8
.3
7.5
.8

8.94. 1
3.92.21.7.5
•
6.2
1.2

16.1
16.3
4.9
1.6
4.7
5.3
.2.2-

4.2
12.7
5.4
2.6
.8
3.7
.1
8.6-

15.4
8.2
4.7
2.3
.9
.1.4
7.2

13.0
2.5
3.7
2.7
1.0
5.4.5
10.3

1.3
18.8

3.417.4

1.0
17.2

2.3
IB.6

»

.3.1
2.0
8. 7
.4
7.7
.7
6.2.6-

24
25
26
27

(0) CORPORATE NONFINANCIAL BUSINESS

61
62
63
64
65
66
67
68

69
70

NET INCREASE IN LIABILITIES 28
CREDIT AND EQUITY MARKET INSTR.
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 29
TRADE DEBT
DISCREPANCY (44-45)
MEMO —PROFITS TAX ACCRUALS 24




115

1.67.3
3.2
.84.0
.3
.12.7
1.1

3.24.8
2.9
2.8
.1
.3
.3l.l
.6

3.41.2
2.3
.83.0
.2
.6
3.11.1

6.44.01.5.7.8.1
.6
4.0.7

3.6--51
2.3 52
1.7 53
.1 54
- 55
1.6 56
.2 57
.2 58
.8--59
.9 60

12.2
9.9
4.7
2.3
1.9
.9
.2
2.2

8.9
10.3
3.4
1.6
1.0
4.2
.11.6-

8.0
2.4
3.4
2.3
.9
4.4.2
5.6

4.6
9.5
2.2
2.0
.7
4.2
.6
5.1-

2.4
2.4
4.4
1.4
1.0
4.0.3.1-

6.0 61
6.1 62
3.4 63
1.8 64
.9 65
• 66
.1 67
.3--68

.3
18.0

.220.0

7.15.0
.2.8
.9.8
.3
3.0
I. 1

.5
20.2

.5
19.2

3.2
14.9

1.0 69
18.6 70

BUSINESS

BUSINESS

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS (CONTINUED)

IN BILLIONS OF DOLLARS
4S.

I

3

2

SEASONALLY ADJUSTED

4

TOT.

1

ANNUAL RATES
2

3

(B) FARM BUSINESS
1
2
3
4
5

NET INCOME
PROPRIETORS INCOME WITHDRAWALS 14
.NET SAVING (1-2) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (5+4 )

6
7
8
9

GROSS INVESTMENT (7-10)
CAPITAL expenditures
CONSTRUCTION AND EQUIPMENT 16
CHANGE IN INVENTORIES

10
11
12
13
14
15
16
17
18

NET FINANCIAL INVESTMENT (11-12)
NET ACQUIS. OF FINAN. ASSETS 17
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C. 18
OTHER LOANS 19
TRADE DEBT
PROPRIETORS- NET INVESTMENT

19
20
21
22
23

NET INCOME 20
PROPRIETORS- INCOME WITHDRAWALS 21
NET SAVING (19-20) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (21+22)

24
25
26
27

13.6
13.6

12.0
12.0

13.1
13.1

12.1
12.1

12.7
12.7

11.8
1 1.8

12.1
12.1

11.7
11.7

11.5
11.5

11.8
11.8

1
2

3.6
3.6

3.6
3.6

3.6
3.6

3.6
3.6

3.6
3.6

3.7
3.7

3.7
3.7

3.7
3.8

3.8

3.7
3.7

4
5

3.6
4.3
4.2
.2

3.6
4.7
4.2
.5

3.6
4.9
4.2
.7

3.6
4.8
4.2
.6

3.6
4.7
4.2
.5

3.7
4.7
4.1
.6

3.7
4.6
4.2
.4

3.8
4.4
4.3
.2

3.8
4.2
4.2

3.7
4.5
4.2
.3

6
7
8

1.1. 11.0
.6
.3
.3
•
.4
*

1.3.11.2
.8
.5
.1
.2
.2
.2

1. 1.11.0
1.1
.6
.3
.2
. 1•

1.0.11.0
.8
.5
.2
.1
•
.1

1.01.0
1.3
.7
.4
.1
•
.3-

.9*
.9
1.2
.9
.3
•
.3-

.7*
.7
1.1
.7
.4

.7. 1.6
.7
.6
.1
.3.2

3.8

.4-

.1

.5
1.0
.7
.3

«

.1
.5-

.3
.9-

9

.7-10
• 11
.8 12
1.2 13
.8 14
.4 15
*
16
.1 17
.5-18

(C) NONCORPORATE NONFINANCIAL BUSINESS
33.2
33.2

33.7
33.7

33.8
33.8

34.4
34.4

33.8
33.8

35.1
35.1

36. 1
36. 1

36.6
36.6

36.7
36. 7

36.1 19
36.1 20

6.7
6.7

6.7
6.7

6.7
6.7

6.8
6.8

6.7
6.7

6.8
6.8

6.9
6.9

7.1
7.1

7.2
7.2

7.0 22
7.0 23

GROSS INVESTMENT (25+28)
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT 22
CHANGE IN INVENTORIES 20

6.7
7.9
8.0

6.7
8.2
8.3
.1-

6.7
8.2
8.4
.2-

6.8
8.1
8.5
.5-

6.7
8. 1
8.3
.2-

6.8
10.9
10.1
.9

6.9
10.0
9.5
.5

7.1
10.0
9.8
.3

7.2
10.4
9.7
.6

28
29
30
31
32
33
34
35
36
37
38

NET FINANCIAL INVESTMENT (29-52)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 23
TRADE DEBT, NETtDEBT LESS ASSET)
PROPRIETORS- NET INVESTMENT

1.2-

1.5.7
.5
2.2
3.51.1
4.9.3
5.7
•

1.5.8
.5
.1
2.3
l.B
1.3
.3
.2
.7
.1-

1.2.9
.5
.2
2.2
4.2
1.3
2.5
.4
1.2.9-

1.4.8
.5
.1
2. 1
1.6
1.3
.1
.3
1.1
.6-

39
40
41
42
43
44

PROFITS 20
PROFITS TAX PAYMENTS NET 24
NET DIVIDEND PAYMENTS 25
NET SAVING (39-40-41)
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING

45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

. 1

.5
«

1.9
4.1
1.4
2.5
.2
.71.5-

4.1 —
.4
.3
•
4.5
3.5
1.7
.9
.9
.4
.7

3.1.7
.3
.2
3.8
5.6
1.5
3.4
.7
1.1.7-

2.9.7
.3
.2
3.6
4.5
1.3
2.5
.7
.9•

3.1.7
.3
.3
3.8
.1
1.2
2.21.1
1.9
1.9

7.0
10.3
9.8
.6

24
25
26
27

3.3-28
.6 29
.3 30
.2 31
3.9 32
3.4 33
1.4 34
1.2 35
.8 36
.1 37
.5 38

ID) CORPORATE NONFINANCIAL BUSINESS

61
62
63
64
65
66
67
68

69
70

28.C
19.0
7.3
1.7
14.5
16.3

28.9
18.9
7.4
2.5
15.0
17.5

28.6
18.9
7.7
2.0
15.4
17.5

31.3
18.7
8. 1
4.4
16.0
20.5

29.2
18.9
7.6
2.7
15.2
17.9

35.6
15.3
8.1
12.2
16.7
28.9

37.3
15.2
8.3
13.8
17.3
31.1

39.6
19.9
8.7
11.0
18.0
29.0

40.8
20.6
9.8
10.4
18.6
28.9

38.3
17.7
8.7
11.8
17.7
29.5

39
40
41
42
43
44

GROSS INVESTMENT (46+51)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION 26
CHANGE IN INVENTORIES 20

14.7
19.8
22.5
21.9
.6
2.7-

15.1
19.2
22.4
21.4
1.0
3.1-

19.7
19.7
22.3
21.2
1 .0
2.6-

24.0
22.3
21.6
20.5
1.1
.7

18.4
20.3
22.2
21.2
.9
1.9—

28.5
25.7
22.8
21.0
1.8
3.0

33.4
28.3
23.0
22.4
.7
5.3

26.7
29.7
24.4
24.3
.1
5.3

21.5
32.1
25.9
25.8
.2
6.2

27.5
29.0
24.0
23.4
.7
4.9

45
46
47
48
49
50

NET FINANCIAL INVESTMENT (52-61)
NET ACQUIS. OF FINAN. ASSETS
LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
CONSUMER CREDIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 27

5.1.82.2.2.2
2.1.3
. 1.4
.7

4.1.7
2.42.7
.2
5.3.2
.32.2
.7

7.3
4.4
3.7
.2
.5
.1
.22.2
.5

1.7
10.5

1.94.4
.12. 1
.2
2.3.3
.23.5
.7

2.8
20.3
7.4
4.0
. 13.5
.8
.211.5
.6

5.1
16.6
6.4
.4
. 16.0
.6
.7
8.2
.6

3.013.8
2.5
.3
.12.3
.6
.29.7
.8

10.615.1
4.1
.7. 14.9
.6

1.4-51
16.4 52
5.1 53
1.0 54
.1-55
4.2 56
.7 57
.1 58
9.6 59
.7 60

4.3
2.1
3.6
2.5
1.1
5. 1•
2.1

4.8
9.8
3.2
2.1
1.4
3.4
.35.1-

7.2
6.9
5.2
1.2
1.5
1.3.3
.2

8.8
4.3
1.9
.5
1.7
.2

4.4

6.3
5.8
3.5
1.6
1.4
.7.4

17.5
7.8
2.2
2.4
1.7
1.2
.2
9.5

11.5
6.0
2.5
.8
1.6
.7
.4
5.3

16.7
7.0
1.8
1.8
1.5
1.9
•
9.6

25.7
17.9
4.9
2.9
1.3
8.1
.7
7.7

17.9
9.7
2.8
2.0
1.5
3.0
.3
8.0

2.315.2

3.516.7

.515.5

.4
18.4

2.319.2

2.3
21.2

7.4
22.2

2.0 69
20.2 70

(42+45)

NET INCREASE IN LIABILITIES 28
CREDIT AND EQUITY MARKET INSTR.
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 29
TRADE DEBT

DISCREPANCY (44-45)
MEMO—PROFITS TAX ACCRUALS 24




1.5
14.8

2.3
15.1

116

#

2.1
.2
2.4.5
. 19. 1
.9

«

9.2

61
62
63
64
65
66
67
68

BUSINESS

BUSINESS

FABLE 4.

SECTOR STATEMENTS OF SOURCES ANO USES OF FUNDS (CONTINUED)
IN BILLIONS OF DOLLARS
4S.

SAAR

1

1956
3

2

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

1957
3

2

4

TOT.

(B) FARM BUSINESS

11.2
11.2

11.2
11.2

12.1
12.1

12.0
12.0

11.6
11.6

11.2
11.2

11.5
11.5

12.3
12.3

12. 1
12. 1

11.8
11.8

1
2

3.7
3.7

3.7
3.7

3.7
3.7

3.7
3.7

3.7
3.7

3.8
3.8

3.9
3.9

3.9
3.9

3.9
3.9

3.9
3.9

4
5

GROSS INVESTMENT (7-10)
CAPITAL EXPENDITURES
CONSTRUCTION AND EQUIPMENT 16
CHANGE IN INVENTORIES

3.7
3.7
4.0
.3-

3.7
3.0
3.7
.7-

3.7
3.4
3.8
.5-

3. 7
3.7
3.8
. 1-

3.7
3.4
3.8
.4-

3.8
4.3
4.0
.3

3.9
4.6
3.9
.7

3.9
4.9
3.9
.9

3.9
5.1
4.0
1.1

3.9
4.7
4.0
.8

6
7
8
9

10
11
12
13
14
15
16
17
18

NET FINANCIAL INVESTMENT (11-12)
NET ACQUIS. OF FINAN. ASSETS 17
NET INCREASE IN LIABILITIES
CREOIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C. 18
OTHER LOANS 19
TRADE DEBT
PROPRIETORS- NET INVESTMENT

•
.1.2.8
1.1
.3•
.6
1.6-

.8
.1.9.7
.7
.1.1
. 11.5-

.4
.1.51.0
.9
.1
.1
•
1.5-

.1
.2.21.0
.7
.2
.1
.21.0-

.3
.1.5.9
.8
•
.1
.1
1.4-

.5*
.4
1.6
.7
.7
.2
.3.9-

.9*
.9
1.0
.5
.3
.1
•
.1-

1.2•
1.2
1.1
.6
.2
.3
.2
.1-

.8-10
• 11
.8 12
1.1 13
.6 14
.3 15
.2 16
•
17
.3--18

19
20
21
22
23

NET INCOME 20
PROPRIETORS- INCOME WITHDRAWALS 21
NET SAVING (19-20) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (21+22)

37.2
37.2

37.8
37.8

37.9
37.9

38. 1
38. 1

37.8
37.8

38.3
38.3

38.7
38.7

39.0
39.0

38.4
38.4

38.6 19
38.6 20

7.2
7.2

7.4
7.4

7.6
7.6

7.8
7.8

7.5
7.5

8.1
8.1

8.1
8. 1

8.1
8. 1

8.0
8.0

8.1 22
8.1 23

24
25
26
27

GROSS INVESTMENT (25+28)
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT 22
CHANGE IN INVENTORIES 20

7.2
10.1
9.7
.4

7.4
10.3
10.1
.2

7.6
9.7
9.7
»

7.8
10.0
9.9
.1

7.5
10.0
9.8
.2

8.1
9.5
9.7
.2-

8.1
9.8
9.4
.4

8.1
10.0
9.3
.7

8.0
9.1
9.2
.1-

8.1
9.6
9.4
.2

28
29
30
31
32
33
34
35
36
37
38

NET FINANCIAL INVESTMENT (29-32)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK. LOANS N.E.C.
OTHER LOANS 23
TRADE DEBT, NET(DEBT LESS ASSET)
PROPRIETORS- NET INVESTMENT

1.4.9
.8
•
2.4
2.4
1.0
.8
.5
.8
.8-

1.71.3
.8
.3
3.0
3.2
.9
1.9
.4
.3.1

l.l1.1
.8
.1
2.2
.61.7
2.6.3
1.3
1.5

1.5--28
1.1 29
.8 30
.2 31
2.7 32
1.6 33
1.3 34
.2--35
• 6 36
.5 37
.5 38

39
40
41
42
43
44

PROFITS 20
PROFITS TAX PAYMENTS NET 24
NET OIVIDEND PAYMENTS 25
NET SAVING (39-^0-41)
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING

45
46
47
48
49
50

51
52
53
54
55
56
57
58
59
60

1
2
3
4
5

NET INCOME
PROPRIETORS INCOME WITHDRAWALS 14
NET SAVING (1-2) 15
CAPITAL CONSUMPTION
CURRENT SURP. » GROSS SAVING ( 5+1*)

6
7
8
9

.7*
.7
.8
.6
.1
.1
.2
.3-

(C) NONCORPORATE NONFINANCIAL BUSINESS

2.9.7
.3
.2
3.7
2.7
1.2
1.5
.1
.9
•

2.9.7
.3
.2
3.5
1.4
1.5
.4.3
.3
1.8

2.0.8
.3
.3
2.8
1.5
1.2
.1.4
.6
.7

2.2.7
.4
.3
2.9
3.3
1.0
1.5
.8
1.1.8

2.5.7
.3
.3
3.2
2.2
1.2
.6
.4
.2
.8

1.91.2
.8
.2
3.1
1.6
1.5
1.01.2
.3
1.2

24
25
26
27

(D) CORPORATE NONFINANCIAL BUSINESS

61
62
63
64
65
66
67
68
69
70

37.7
21.6
9.2
6.9
18.9
25.8

36.5
21.8
9.4
5.4
19.2
24.6

36.5
22.4
9.5
4.6
19.5
24.1

37.2
22.7
9.2
5.3
19.7
25.0

37.0
22.1
9.3
5.5
19.3
24.9

38.3
22.2
9.6
6.6
20.5
27.1

36.6
21.9
9.7
5.0
21.0
26.0

36.7
21.2
9.7
5.7
21.5
27.2

32.6
20.3
9.0
3.3
21.6
24.9

36.1
21.4
9.5
5.2
21.2
26.3

39
40
41
42
43
44

GROSS INVESTMENT (46+51)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION 26
CHANGE IN INVENTORIES 20

18.5
33.3
27.1
27.0
.1
6.2

15.4
34.1
29.2
28.7
.5
5.0

22.3
34.9
30.5
30.0
.5
4.4

30.8
35.2
31.2
30.8
.5
4.0

21.7
34.4
29.5
29.1
.4
4.9

27.4
34.9
32.7
32.2
.6
2.2

23.4
34.3
32.8
32.2
.6
1.6

26.5
33.9
33.1
32.3
.8
.8

24.0
29.3
31.6
30.7
.-9
2.2-

25.3
33.1
32.5
31.8
.7
.6

45
46
47
48
49
50

NET FINANCIAL INVESTMENT (52-61)
NET ACQUIS. OF FINAN. ASSETS
LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
CONSUMER CREOIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 27

14.8.57.21.45.8.8
.3
4.0
1.4

18.82.9
5.0.8
5.8•
.1
6.4
1.4

12.64.0
5.7.74.9.7
.4
5.8
2.8

4.410.7
.7
2.0
1.3.2
.26.7
3.1

12.74.3
4.3.2
4.5.4
.1
5.7
2.2

14.2
11.7
2.1
2.0
1.4
6.3
.12.3

21.7
14.3
4.4
.8
1.6
7.5
.1
7.1

16.6
14.6
4.5
2.9
1.3
5.7
.2
1.9

15.1
10.6
4.0
3.3
1.1
1.8
.3
4.5

16.9
12.8
3.7
2.3
1.4
5.3
.1
4.0

17.4
15.6
6.4
3.1
1.2
4.6
.3
1.7

7.3
20.2

9.2
19.9

1.8
18.5

5.819.6

3.1
19.6

.320.3

(42+43)

NET INCREASE IN LIABILITIES 28
CREOIT AND EQUITY MARKET INSTR.
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 29
TRAOE OEBT
DISCREPANCY (44-45)
MEMO —PROFITS TAX ACCRUALS 24




117

7.59.9
2.1
1.3
.8
.3
.3
4.9
2.4

7.43.9
.3
1.6
1.3.1
.2
1.0
2.2

5.3.3
1.51.3.2.2
1.1
1.21.4

7.8--51
4.1 52
.4--53
»
54
- 55
.4-56
.2 57
.3 58
1.5 59
2.5 60

13.3
13.1
6.2
3.3
.9
2.0
.7
»

11.3
11.5
6.5
1.6
1.6
1.0
.9
.2-

5.7
11.0
6.3
1.7
1.8
.5
.6
5.6-

11.9 61
12.8 62
6.3 63
2.4 64
1.4 65
2.0 66
.6 67
1.0--68

2.6
19.2

.7
19.1

.9
16.9

1.0 69
18.9 70

11.02.3
2.71.71.0.1
.41.3
4.0

BUSINESS

BUSINESS

TABLE 4.

SECTOR STATEMENTS OF SOURCES ANO USES OF FUNDS (CONTINUED)
IN BILLIONS OF DOLLARS
4S.

SAAR
1

1958
3

2

SEASONALLY ADJUSTED

4

TOT.

1

SAAR

ANNUAL RATES
1959
3

2

4

TOT.

(B) FARM BUS INESS
14.3
14.3

13.5
13.5

13.4
13.4

12.9
12.9

13.5
13.5

12.4
12.4

11.7
11.7

10.6
10.6

10.8
10.8

11.4
11.4

1
2

4.0
4.0

4.0
4.0

4.0
4.0

3.9
3.9

4.0
4.0

4.0
4.0

4. 1
4.1

4.2
4.2

4.3
4.3

4.2
4.2

4
5

GROSS INVESTMENT (7-10)
CAPITAL EXPENDITURES
CONSTRUCTION AND EQUIPMENT 16
CHANGE IN INVENTORIES

4.0
5.3
4. 3
1.0

4.0
5.5
4.5
1.0

4.0
5.4
4.5
.9

3.9
5.3
4.6
.7

4.0
5.4
4.4
.9

4.0
4.7
4.5
.2

4.1
4.9
4.8
.1

4.2
4.7
4.7
•

4.3
4. 7
4.6
.1

4.2
4.7
4.7
.1

6
7
8
9

10
11
12
13
14
15
16
17
18

NET FINANCIAL INVESTMENT (11-12)
NET ACQUIS. OF FINAN. ASSETS 17
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C. 18
OTHER LOANS 19
TRADE DEBT
PROPRIETORS- NET INVESTMENT

1.3-

1.5.3
1.8
1.5
.8
.6
.2
.2
•i

1 .4.3
1.7
1.4
.9
.3
.2
.3
*

1.3.3
1.7
2.2
1.0
.8
.3
. 1
. 7-

1.4.3
1.7
1.5
.7
.6
.2
.2
*

.7.4.3
1.7
.9
.5
.3
.31.1-

.7.3.4
2.1
1.1
.7
.3
.3
1.9-

19
20
21
22
23

NET INCOME 20
PROPRIETORS- INCOME WITHDRAWALS 21
NET SAVING (19-20) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (21+22)

24
25
26
27

1
2
3
4
5

NET INCOME
PROPRIETORS INCOME WITHDRAWALS 14
NET SAVING (1-2) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING ( 3+*+)

6
7
8
9

.4
1.7
1.0
.3

.5
.2
.2
.5

.5-

.4-

.3-

.3- 11

.2
1.7
.9
.6
.2
.4
2.0-

.1
1.8
.8
.9
.1
.3
2.0-

.2 12
1.8 13
.9 14
.7 15
.2 16
.2 17
1.7-•18

.3-

.6-■10

(C) NONCORPORATE NONFINANCIAL BUSINESS
37.6
37.6

38.0
38.0

38.4
38.4

39.2
39.2

38.3
38.3

40.0
40.0

41.1
41.1

41.1
41.1

40.9
40.9

40.8 19
40.8 20

8.0
7.9

7.9
7.9

7.9
7.9

8. 1
8.1

8.0
8.0

8. 1
8.1

8.2
8.2

8.3
8.3

8.3
8.4

8.3 22
8.3 23

GROSS INVESTMENT (25+28)
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT 22
CHANGE IN INVENTORIES 20

7.9
7.2
8.5
1.4-

7.9
8.2
8.3
.1-

7.9
8.9
9.1
.3-

8.1
10.7
10.0
.8

8.0
8.8
9.0
.2-

8.1
11.9
11.0
.9

8.2
13.3
11.3
2.0

8.3
9.3
10.5
1.2-

8.4
10.0
10.2
.2-

28
29
30
31
32
33
34
35
36
37
38

NET FINANCIAL INVESTMENT (29-32)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 23
TRADE DEBT, NEHDEBT LESS ASSET)
PROPRIETORS- NET INVESTMENT

.8
.6
.9
.5.21.2
1.8
1.3.6
.5.9-

.31.1
.9
•
1.4
.61.7
2.0.31.7
.3

1.01.2
.9
.2
2.2
2.3
2.5
.1.1.2.1

1.0.5.8.1
.5
4.4
2.2
1.5
.7
1.22.7-

1.6.5.8•
1.2
1.4
1.7
.8.6
.3
.5-

39
40
41
42
43
44

PROFITS 20
PROFITS TAX PAYMENTS NET 24
NET DIVIDEND PAYMENTS 25
NET SAVING (39-40-41)
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING

26.8
19.5
9.5
2.221.8
19.6

28.6
19.5
9.4
.321.9
21.6

32.1
18.5
9.5
4.1
22.2
26.3

38.0
18.2
8.9
10.9
22.5
33.4

31.4
18.9
9.3
3.1
22. 1
25.2

40.2
17. 1
10.2
12.9
22.8
35.7

44.4
17.3
10.4
16.7
23.5
40.2

39.5
20.2
10.9
8.5
23.8
32.3

39.0
20.3
10.3
8.4
24.3
32.8

40.8
18.7
10.4
11.6
23.6
35.2

39
40
41
42
43
44

45
46
47
48
49
50

GROSS INVESTMENT (46+51)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION 26
CHANGE IN INVENTORIES 20

14.0
22.8
27.9
27.0
.9
5.1-

19.1
20.9
25.8
24.9
.9
4.9-

22.4
23.3
25.6
24.0
1.5
2.3-

29.2
28.6
26.8
24.7
2.1
1.8

21.2
23.9
26.5
25.2
1.4
2.6—

35.1
32.2
26.9
24.7
2.1
5.3

39.9
37.9
28.5
26.4
2.0
9.5

26.2
30.8
28.4
27.3
1.1
2.4

27.3
35.5
28.3
27.3
1.0
7.2

32.1
34.1
28.0
26.4
1.6
6.1

45
46
47
48
49
50

51
52
53
54
55
56
57
58
59
60

NET FINANCIAL INVESTMENT (52-61)
NET ACQUIS. OF FINAN. ASSETS
LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
CONSUMER CREDIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 27

8.81.61.3.62.2
3.0.1.3
2.21.4

1.89.1
.3
2.1
2.2
4.0.1.27.1
1.6

.918.7
3.6
2.0
.42.0
1.2
.211.9
1.7

.7
17.6
7.0
2.3
.45.1
.8
.1
7.5
1.5

2.711.0
2.4
1.5
.9
•
.5
•
6.1
1.5

2.9
17.9
5.4
•
.45.8
1.0
.18.6
2.0

1.9
18.2
6.8
.7
.46.4
.6
.9
7.2
1.9

4.64.3
1.0
3.5.44.9
.8
.5
.11.8

7.3
10.9
8.0
1.2
1.9
1.1.8
3.8-

11.0
8.4
4.3
2.9
1.9
.8.1
2.5

19.6
12.4
6.1
2.8
2.6
1.5
.57.3

17.0
12.3
4.4
2.1
3.4
2.0
.4
4.6

13.7
11.0
5.7
2.3
2.5
.4
.2
2.7

15.0
8.9
3.0
2.5
2.7
.2
.5
6.0

16.3
14.4
3.0
2.5
3.0
4.9
1.1
1.7

8.8
12.7
2.6
1.4
2.4
5.7
.7
3.9-

17.0
12.3
3.2
2.9
2.0
3.9
.4
4.7

14.3
12.1
3.0
2.3
2.5
3.7
.7
2.1

5.6
14.1

2.5
14.6

3.9
16.5

4. 1
19.6

4.0
16.2

.6
20.3

.3
22.7

6.1
20.2

5.5
19.5

3.1 69
20.7 70

2.7—
1.2
.9
.2
3.8
8.9
3. 1
5.2
.6
3.02. 1-

.81.0
.9
»

1.8
2.9
2.3
.4
.2
.5.6-

3.7. 1.8.5
3.6
4.9
2.5
1.7
.7
.9.3-

5.1.3.8.3
4.8
5.8
2.7
1.4
1.7
.6
1.7-

8.3
11.1
10.7
.4

24
25
26
27

2.9--28
.4-■29
.8-•30
.2 31
2.5 32
4.1 33
2.3 34
1.0 35
.9 36
.3-37
1.3-■38

(D) CORPORATE NONFINANCIAL BUSINESS

61
62
63
64
65
66
67
68

69
70

(42+43)

NET INCREASE IN LIABILITIES 28
CREDIT AND EQUITY MARKET INSTR.
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 29
TRADE DEBT

DISCREPANCY (44-45)
MEMO —PROFITS TAX ACCRUALS 24




118

8.28.8
3.51.3.41.8.7
.7
8.6
1.9

2.0--51
12.3 52
2.4 53
1.0--54
.4--55
3.8 56
.8 57
.5 58
6.1 59
1.9 60
61
62
63
64
65
66
67
68

BUSINESS

BUSINESS

TABLE 4

SECTOR STATEMENTS OF SOURCES ANO USES OF FUNDS (CONTINUED)
IN BILLIONS OF DOLLARS

SAAR

4S

1

1960
3

2

SEASONALLY ADJUSTED

4

TOT.

1

SAAR

ANNUAL RATES
1961
3

2

4

TOT.

(B) FARM BUSINESS
11.6
11.6

11.9
11.9

12.2
12.2

12.5
12.5

12.0
12.0

12.7
12.7

12.8
12.8

12.9
12.9

13.0
13.0

12.8
12.8

I
2

4.3
4.3

4.2
4.2

4.1
4.1

4.0
4.0

4.2
4.2

4.0
4.0

4.1
4.1

4.1
4.1

4.2
4.2

4. 1
4.1

4
5

GROSS INVESTMENT (7-10)
CAPITAL EXPENDITURES
CONSTRUCTION AND EQUIPMENT 16
CHANGE IN INVENTORIES

4.3
4.6
4.4
.2

4.2
4.3
4.0
.3

4.1
4.4
4.0
.4

4.0
4.8
4.4
.4

4.2
4.5
4.2
.3

4.0
4.8
4.5
.3

4. 1
5.3
4.9
.3

4.1
4.9
4.7
.2

4.2
4.6
4.5
.1

4.1
4.9
4.7
.2

6
7
8
9

10
11
12
13
14
15
16
17
18

NET FINANCIAL INVESTMENT (11-12)
NET ACQUIS. OF FINAN. ASSETS 17
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C. 18
OTHER LOANS 19
TRADE DEBT
PROPRIETORS- NET INVESTMENT

.3.1.2
1.8
1.4
.3
.1
.4
2.0-

.1.2*
1.3
.7
.4
.2
•
1.3-

.4.2.2
1.2
.9
.2
.1
.1
1.2-

.8.1
.7
1.7
.9
.6
.2
. 1.9-

1.2•
1.1
1.4
1.1
.1
.2
.4
.7-

.8
1.8
1.2
.3
.3
.1
1.1-

.4»
.4
1.8
1.2
.3
.3
.1
1.4-

.8--10
» 11
.8 12
1.7 13
1.1 14
.3 15
.3 16
.1 17
1.0--18

19
20
21
22
23

NET INCOME 20
PROPRIETORS- INCOME WITHDRAWALS 21
NET SAVING (19-20) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (21+22)

40.5
40.5

40.5
40.5

39.7
39.7

39.6
39.6

40. 1
40. 1

39.9
39.9

40.7
40.7

41.3
41.3

41.9
41.9

40.9 19
40.9 20

8.5
8.5

8.7
8.7

8.8
8.8

8.9
8.9

8.7
8. 7

8.6
8.6

8.5
8.4

8.3
8.3

8.2
8.3

8.4 22
8.4 23

24
25
26
27

GROSS INVESTMENT (25+28)
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT 22
CHANGE IN INVENTORIES 20

8.5
13.5
11.1
2.4

8.7
11.9
11.2
.7

8.8
10.2
10.8
.6-

8.9
9.8
10.5
.6-

8.7
11.4
10.9
.5

8.6
8.7
9.6
.9-

8.4
11.7
11.1
.6

8.3
15.5
12.2
3.3

8.3
12.5
12.3
.2

28
29
30
31
32
33
34
35
36
37
38

NET FINANCIAL INVESTMENT (29-52)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 23
TRADE DEBT, NET(DEBT LESS ASSET)
PROPRIETORS- NET INVESTMENT

1.4—
.2.3•
1.2
.42.2
3.0.5
.8
.8

1.0.1
.3.3
1. 1
2.8
1.8
.41.5
1.2.6-

39
40
41
42
43
44

PROFITS 20
PROFITS TAX PAYMENTS NET 24
NET DIVIDEND PAYMENTS 25
NET SAVING (39-40-41)
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (42+45)

41.0
22.3
11.3
7.4
24.7
32.1

38.2
21.3
11.1
5.8
24.8
30.6

36.3
21.3
11.5
3.6
24.7
28.3

34.7
20.7
10.9
3. 1
24.9
28.0

37.5
21.4
11.2
5.0
24.8
29.7

31.8
19.1
11.4
1.3
25.3
26.6

36.8
19.2
11.5
6.2
25.9
32.1

37.1
19.8
11.4
6.0
26.3
32.3

41.9
20.3
11.3
10.4
26.9
37.3

36.9
19.6
11.4
5.9
26.1
32.1

39
40
41
42
43
44

45
46
47
48
49
50

GROSS INVESTMENT (46+51)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION 26
CHANGE IN INVENTORIES 20

32.4
37.3
30.5
29.0
1.5
6.8

23.4
34.6
31.4
30.1
1.3
3.2

26.3
33.8
31.0
29.8
1.2
2.9

23.8
28.7
30.7
29.5
1.2
2. 1-

26.5
33.6
30.9
29.6
1.3
2.7

20.2
25.1
28.8
27.8
.9
3.7-

29.6
30.1
29.9
27.6
2.3
.1

26. 1
31.3
31.5
28.5
3.0
.2-

37.1
38.0
31.4
28.9
2.4
6.7

28.3
31.1
30.4
28.2
2.2
.7

45
46
47
48
49
50

51
52
53
54
55
56
57
58
59
60

NET FINANCIAL INVESTMENT (52-61)
NET ACQUIS. OF FINAN. ASSETS
LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
CONSUMER CREDIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 27

4.913.6
•8
1.4
.4.2'•
2.1
7.9
1.9

11.31.7
3.4.52.9.5
.2
3.0
1.7

.416.3
5.0
.1
1.2
3.7
1.0
.3
8.5
1.5

5.28.2
2.11.1
.8
4.01.4
.26.8
2.1

.917.0
2.8
5.6
2.4.51.2
.7
10.4
1.7

2.9--51
12.0 52
2.2 53
1.3 54
1.3 55
.4--56
.1 57
.1 58
7.7 59
2.0 60

18.5
13.5
2.9
2.0
2.4
4.4
1.9
4.8
.321.6

1
2
3
4
5

NET INCOME
PROPRIETORS INCOME WITHDRAWALS 14
NET SAVING (1-2 ) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING ( 5+4 )

6
7
8
9

.3.2.1
.9
.7
•
.2
.1
.9-

.7.2.5
.9
.9
. 1.1
•
.4-

.8-

(C) NONCORPORATE NONFINANCIAL BUSINESS

5.0.2
.3.3
5.2
7.2
2.3
3.4
1.6
.31.7-

3.2.3
.3.5
3.5
2.5
2.1
.4.8
.4
.7

2.6.1
.3.3
2.8
3.1
2.1
. 11.1
. 1.2-

. 1.3
.1
.1
.4
.8
2.2
1.2.2•
.4-

3.3.4
.1
.1
3.6
1.8
2.5
.9.3
1.0
.8

7.2.5
.1
.1
7.7
6.3
3.5
1.2
1.7
.51.8

4.3.8
.1
.4
5.0
3.1
3.1
.2.2
.52.4

8.4
12.1
11.3
.8

24
25
26
27

3.7--28
.5 29
.1 30
.2 31
4.2 32
3.0 33
2.8 34
.3--35
.5 36
•
37
1.2 38

(D) CORPORATE NONFINANCIAL BUSINESS

61
62
63
64
65
66
67
68
69
70

NET INCREASE IN LIABILITIES 28
CREDIT AND EQUITY MARKET INSTR.
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 29
TRAOE DEBT
DISCREPANCY (44-45)
MEMO —PROFITS TAX ACCRUALS 24




4.86.6
3.0
1.75.6
.93.2.65.0
2.5

7.62.5
3.8.6
1.6
6.0•
.2
4.6
2.3

4.92.5
1.21.52.0
1.7.4
.21.4
2.7

12.9
12.2
3.0
1.0
2.2
3.5
2.4
.5

10.1
10.2
3.8
2.5
2.3
1.4
.2
.3-

7.4
10.7
4.3
1.6
2.0
1. 1
1.7
3.2-

12.2
11.7
3.5
1.8
2.2
2.6
1.5
.4

11.4
10.9
3.4
3.0
2.4
2.4
.3.5

16.7
14.6
6.5
4.3
2.7
.5
.6
2.0

13.4
12.3
3.9
2.4
3.4
.4
2.1
1.1

17.9
12.6
4.5
1.1
3.7
3.1
.2
5.3

14.9
12.6
4.6
2.7
3.0
1.6
.7
2.2

7.2
19.8

2.1
17.9

4.2
17.3

3.3
19.2

6.3
16.2

2.4
18.9

6.2
19.6

.2
22.2

3.8 69
19.2 70

119

7.25. 1
1.9♦

.8
2.7.2
.6
4.2
2.2

61
62
63
64
65
66
67
68

BUSINESS

BUSINESS

TABLE 4.

SECTOR STATEMENTS OF SOURCES ANO USES OF FUNDS (CONTINUED)
IN BILLIONS OF DOLLARS
4S.

SAAR

1962
3

2

SEASONALLY ADJUSTED

4

TOT.

1

SAAR

ANNUAL RATES
2

1963
3

4

TOT.

(B) FARM BUSINESS
13.1
13.1

13.2
13.2

13.4
13.4

13.5
13.5

13.3
13. 3

1
2

4.2
4.2

4.2
4.2

4.2
4.2

4.2
4.2

4.2
4.2

4
5

GROSS INVESTMENT (7-10)
CAPITAL EXPENDITURES
CONSTRUCTION AND EQUIPMENT 16
CHANGE IN INVENTORIES

4.2
4.6
4.5
.1

4.2
4.7
4.6
.1

4.2
4.8
4.8

4.2
5.0
4.9
.1

4.2
4.8
4.7
.1

6
7
8
9

10
11
12
13
14
15
16
17
18

NET FINANCIAL INVESTMENT (11-12)
NET ACQUIS. OF FINAN. ASSETS 17
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C. 18
OTHER LOANS 19
TRADE DEBT
PROPRIETORS- NET INVESTMENT

.5.5
1.8
1.1
.4
.3
.7
2.0-

.5.1
.6
2.4
1.5
.6
.3
.1
1.9-

.7*
.7
2.3
1.3
.8
.2
.2
1.8-

.8•
.8
2.5
1.4
.9
.2
.3
2.0-

.6*
.7
2.3
1.3
.7
.3
.3
1.9-

19
20
21
22
23

NET INCOME 20
PROPRIETORS- INCOME WITHDRAWALS 21
NET SAVING (19-20) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (21+22)

41.6
41.6

42.1
42.1

42.2
42.2

42.5
42.5

42.1
42. 1

19
20

8.8
8.8

8.9
8.9

9.1
9.1

9.2
9.2

9.0
9.0

22
23

24
25
26
27

GROSS INVESTMENT (25+28)
CAPITAL EXPENDITURES
PLANT AND EQUIPMENT 22
CHANGE IN INVENTORIES 20

8.8
12.6
10.9
1.7

8.9
15.2
13.7
1.5

9.1
14.0
13.9
.1

9.2
13.9
13.7
.2

9.0
13.9
13.1
.9

24
25
26
27

28
29
30
31
32
33
34
35
36
37
38

NET FINANCIAL INVESTMENT(29-32)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
CONSUMER CREDIT
NET INCREASE IN LIABILITIES
CREDIT MARKET INSTRUMENTS
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 23
TRADE DEBT, NETIDEBT LESS ASSET)
PROPRIETORS- NET INVESTMENT

39
40
41
42
43
44

PROFITS 20
PROFITS TAX PAYMENTS NET 24
NET DIVIDEND PAYMENTS 25
NET SAVING (39-40-41)
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (42+45)

39.1
20.2
12.4
6.5
29.7
36.2

39.2
20.1
12.5
6.6
30.0
36.7

38.6
21.3
12.5
4.8
30.3
35.1

41. 3
20.9
12.2
8. 1
30.5
38.6

39.5
20.6
12.4
6.5
30. 1
36.7

39
40
41
42
43
44

45
46
47
48
49
50

GROSS INVESTMENT (46+51)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PLANT AND EQUIPMENT
RESIDENTIAL CONSTRUCTION 26
CHANGE IN INVENTORIES 20

35.5
37.3
31.3
29.8
1.5
6.0

32.5
38.6
34.3
30.8
3.5
4.3

33.1
37.5
34.8
31.4
3.4
2.7

35.0
36.5
33.5
30.8
2.7
3.0

34.0
37.5
33.5
30.7
2.8
4.0

45
46
47
48
49
50

51
52
53
54
55
56
57
58
59
60

NET FINANCIAL INVESTMENT (52-6l)
NET ACQUIS. OF FINAN. ASSETS
LIQUID ASSETS
DEMAND DEP. AND CURR.
TIME DEPOSITS
U.S. GOVT. SECURITIES
CONSUMER CREDIT
OTHER LOANS (FINANCE PAPER)
TRADE CREDIT
OTHER FINANCIAL ASSETS 27

1
2
3
4
5

NET INCOME
PROPRIETORS INCOME WITHDRAWALS 14
NET SAVING (1-2) 15
CAPITAL CONSUMPTION
CURRENT SURP. = GROSS SAVING (3+4 )

6
7
8
9

10
11
12
13
14
15
16
17
18

(C) NONCORPORATE NONFINANCIAL BUSINESS

3.8.5
.3
4.4
3.2
2.9
.3
.1
.8
.3

4.9.1
*
5.1
4.7
4.0
.91.6
l.l
.7-

6.3.6
.4
6.9
8.4
3.6
3.9
.9
.6.9-

4.7.9
.8
5.6
5.9
5.3
.3.9
1.3
1.5-

5.0.5
.4
5.5
5.6
4.0
.7
.9
.7
.7-

28
29
30
31
32
33
34
35
36
37
38

(D) CORPORATE NONFINANCIAL BUSINESS

61
62
63
64
65
66
67
68

69
70

NET INCREASE IN LIABILITIES 28
CREDIT AND EQUITY MARKET INSTR.
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
BANK LOANS N.E.C.
OTHER LOANS 29
TRADE DEBT

DISCREPANCY (44-45)
MEMO—PROFITS TAX ACCRUALS 24




1.77.7
1.0
5.74.8
1.9
.6
.15.1
1.3

6.16.6
1.74.72.6
.4
1.6
1.1
3.8
1.9

9.4
10.8
5.1
.9
3.4
1.3
.1
1.5-

12.8
12.1
5.2
.34.0
1.7
1.5
.3

19.4
12.9
3.4
.5
4.1
3.0
1.8
6.5

10.8
15.5
3.1
1.1
6.0
4.5
.9
4.8-

13.1
12.8
4.2
.5
4.4
2.6
1.1
.1

61
62
63
64
65
66
67
68

.7
19.3

4.2
19.5

2.1
19.1

3.7
20.0

2.6
19.5

69
70

120

4.415.0
1.3•
.6
2.01.0
2.0
10.8
2.4

1.59.2
5. 1
2.1
2.3
.7
1.0
.2
.8
1.9

3.49.6
.8
2.12.6
.3
1.1
.8
5.1
1.9

51
52
53
54
55
56
57
58
59
60

GOVERNMENT

GOVERNMENT

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS
SAAR

4S.

1

2

1952
3

SEASONALLY ADJUSTED
4

TOT.

1

62.7
30.6
22.1
10.0

63.5
30.7
22.2
10.6

63.8
31.2
22.2
10.5

5.8
3.1

5.8
3.1

5.8
3.2

6.0
3.4

5.9
3.2

6.0
3.7

7
8

1.6
1.5

1.5
1.7

1.5
1.5

1.4
1.5

1.5
1.5

9
10
11
12
13
14
15
16

NET GRANTS AND DONATIONS PAID 34
NET INTEREST PAID 35
NET PURCHASES OF GOODS + SERVICES 36
CONSTRUCTION EXPENDITURES
OTHER
CURRENT SURPLUS (1+5+7-6-8 THROUGH 11)
CREDITS IMPUTED TO CONSUMERS 37
GROSS AND NET SAVING (1^-15)

7.5
4.8
49.6
3.8
45.8
3.6
1.0
2.6

8.2
4.7
53.1
4.1
49.1
.1.9
1.0-

9.0
4.7
55.9
4.4
51.5
3.11.5
4.7-

8.4
4.7
56.7
4.5
52.3
2.4.7
3. 1-

17
18
19
20
21
22
23

NET FINAN. INVESTMENT (18-24)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS + CURRENCY
CREDIT MARKET INSTRUMENTS
MORTGAGES 38
OTHER LOANS 39
OTHER FINANCIAL ASSETS 40

.78.4
5.0
2.0
.9
1.2
1.4

.74.3
1.2
1.5
.3
1.2
1.6

1.71.8
.61.6
.4
1.2
.8

9.2
1.0
9.2
10.5
.8.6—
.2.8-

5.1
.9
3.1
4.3
1.0.21.4
.3.2-

5
6

24
25
26
27
28
29
30
31

32

NET INCREASE IN LIABILITIES
LIFE INSURANCE AND RETIREMENT RESERVE
U.S. GOVT. SECURITIES 41
SHORT-TERM DIRECT 42
OTHER SECURITIES
SVGS. BONDS 43
OTHER LOANS 44
OTHER LIABILITIES 45

DISCREPANCY

(16-1?)

3.4

2

IE) U.S.. GOVERNMENT 30
64.9
62.4
63.7
62.3
31.6
31.9
31.0
32.3
18.9
22.2
22.2
19.2
11.0
11.3
10.5
11.3

TAX RECEIPTS (NET OF REFUNDS)
INDIVIDUAL INCOME
CORPORATE PROFITS
OTHER 31
SOCIAL INSURANCE PROGRAMS 32
PREMIUMS RECEIVED
BENEFITS PAID
LIFE INSUR. + RETIREMENT PROGRAMS 33
PREMIUMS RECEIVED
BENEFITS PAID

1
2
3
4

ANNUAL RATES
1953
3

SAAR
4

TOT.

62.6
32.5
18.9
11.3

62.0
32.2
18.8
10.9

62.3
32.2
18.9
11.2

1
2
3
4

6.0
3.8

5.8
3.9

5.7
4.4

5.9
4.0

5
6

1.5
1.5

1.5
1.6

1.5
1.6

1.5
1.8

1.5
1.6

7
8

8.2
4.7
53.9
4.2
49.7
.51.0
1.5-

8.4
4.8
58.3
4.6
53.7
6.9.8
7.7-

9.4
4.8
59.7
4.3
55.4
9.4.6
10.0-

7.8
4.9
58.5
4.0
54.6
6.9.4
7.2-

8.2
4.9
58.7
3.7
54.9
8.9.6
9.6-

8.5 9
4.8 10
58.8 11
4.2 12
54.7 13
8.0--14
.6 15
8.6--16

2.73.4
1.3
1.7
.8
1.0
.4

1.54.5
1.7
1.7
.6
1.1
1.1

8.01.93.3.1
.7
.71.3

12.87.07.31.0
.7
.2
.7-

3.911.8
10.4
1.3
.5
.8
.1

8.87.55.8.2. 1.11.5-

8.4--17
1.2--18
1.5--19
.5 20
.5 21
.1 22
.2--23

3.5
1.5
.713.2
13.9•
1.7
.9

6. 1
.7
5.9
.25.7
.4
1.2.7

6.0
1.0
4.4
7.0
2.5.1.4
.1

6.1
.8
5.0
27.1
22.9.8
.1.4

5.8
.6
4.6
26.8
21.31.0.4
.2

15.7
.4
14.3
.815.1
•
1.6
.5-

1.2
.6
3.312.9
16.4.1
4.0
•

7.2 24
.6 25
5.1 26
16.5 27
11.4--28
«
29
1.5 30
* 31

3.0-

.3-

3.3-

.8-

.2--32

•

.4

2.8

(F) STATE AND LOCAL GOVERNMENT

33
34
35
36
37
38
39
40
41
42

TAX RECEIPTS 46
NET INSURANCE AND GRANTS RECEIPTS 47
NET INTEREST PAID
NET PURCHASES OF GOODS + SERVICES 36
CONSTRUCTION AND LAND
OTHER BY GOVT. ENTERPRISES
OTHER BY GENERAL GOVERNMENT
CURRENT SURPLUS (33+34-35-36)
CREDITS IMPUTED TO CONSUMERS 48
GROSS AND NET SAVING (4O-4l)

43
44
45

NET FINANCIAL INVESTMENT (44-51)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
OTHER 49

46

47
48
49
50

51
52
53
54
55
56
57

NET INCREASE IN LIABILITIES
STATE AND LOCAL OBLIGATIONS
SHORT-TERM
OTHER
EMPLOYEE RETIREMENT RESERVES
OTHER LIABILITIES 50
DISCREPANCY (42-43)




20.9
.6
.3
21.8
6.9
1.216.0
.6.9
1.4-

21.4
•6
.3
22.3
7.2
1.216.3
.6.9
1.5-

21.9
.8
.3
22.5
7.1
1.216.6
.21.0
1.1-

22.3
.9
.3
23.0
7.2
1.217.0
.11.0
1. 1-

21.6
.7
.3
22.4
7.1
1.216.5
.3.9
1.3-

22.7
.4
.3
23.7
7.6
1.217.3
.91.1
1.9-

23.0
1.5
.3
23.6
7.3
1.317.5
.7
1.1
.5-

23.4
.8
.3
24.1
7.8
1.317.7
.21.2
1.4-

23.8
1.1
.3
24.9
8.2
1.318.0
.31.2
1.6-

23.2 33
1.0 34
.3 35
24.1 36
7.7 37
1.3--38
17.6 39
.2--40
1.2 41
1.3--42

.33.2
.6
.1
2.4
1.7
.2
.4

3.31.4
*
•
1.4
.8
.2
.4

.64.8
2.0
.3
2.6
1.9
.3
.4

1.61.5
.7. 12.2
1.5
.3
.4

1.52.7
.5
.1
2.2
1.5
.2
.4

2.41.0
.5. 11.6
.9
.3
.4

.1
4.6
1.3
.3
2.9
2. 1
.3
.5

1.44.1
.6
.1
3.3
2.4
.3
.6

1.54.3
1.1
1.0
2.2
1.1
.3
.8

1.3--43
3.5 44
.6 45
.3 46
2.5 47
1.6 48
.3 49
.6 50

3.5
2.6
.5
2.0
.9
.1

4.7
3.4
.7
2.7
.9
.4

5.4
3.9
.1
3.8
1.0
.5

3. 1
1.4
. 11.5
1.0
.7

4.2
2.8
.3
2.5
.9
.4

3.4
3.0
.1
2.9
1.1
.7-

4.5
3.4
.4
3.0
1.1
. 1-

5.5
4.3
.5
3.7
1.2
•

5.8
4.7
.6
4.1
1.2
. 1-

4.8 51
3.9 52
.4 53
3.4 54
1.2 55
.2--56

1.1-

1.9

.1-

.1--57

121

.6-

.6

.2

.4

.5-

•

GOVERNMENT

GOVERNMENT

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

SAAR

4S.

1

2

1954
3

SEASONALLY ADJUSTED

4

TOT.

1

7.6
6.4

7.9
6.5

8.0
6.6

7.7
6.4

5
6

1.6
1.6

1.6
1.7

1.6
1.6

1.6
1.7

1.6
1.7

7
8

8.4
5.0
48.7
3.4
45.3
2.5.1
2.7-

9.3
4.9
46.5
3.0
43.5
2.6.1
2.6-

8.9
4.9
46. 3
2.9
43.4
.9.5
1.4-

8.9
4.9
47.0
2.7
44.2
4.1
.9
3.2

9.0
5.0
47.9
2.6
45.3
3.8
.9
2.9

9.0
4.9
46.9
2.8
44.1
l.l
.6
.5

9
10
11
12
13
14
15
16

.66.6
6.0
1.0
.4
.6
.4-

2.0.2
.3
.3.2
.4.1

.42.64.31.8
.6
1.2
.1-

.63.5
1.4
2.2
.7
1.5
.1-

.1
2.13.11.5
.5
1.0
.5-

7.2
.2
3.5
2.35.1
.7
3. 3
.3

2.2
.1
1.8
11.813.3
.3
.1
.1

2.3.1
1.421.219.4
.3
.8.1-

4.0
.5
6.8
16.123.0

.7-

2.3-

.9-

6.6
5.8

6.6
6.0

6. 7
6.5

6.6
5.8

7.4
6.1

7
8

1.5
1.7

1.4
1.7

1.5
1.7

1.5
1.6

1.5
1.7

9
10
11
12
13
14
15
16

NET GRANTS AND DONATIONS PAID 34
NET INTEREST PAID 35
NET PURCHASES OF GOODS + SERVICES 36
CONSTRUCTION EXPENDITURES
OTHER
CURRENT SURPLUS (1+5+7-6-8 THROUGH 11)
CREDITS IMPUTED TO CONSUMERS 37
GROSS AND NET SAVING (14-15)

8.3
5.0
53.8
3.7
50.1
6.6.5
7.2-

8.1
5.0
48. 1
3.4
44.7
1.8.3
2. 1-

8.4
5.0
47.1
3.3
43.8
1.5.5.9-

8.8
5.0
45.8
3. 3
42.5
.2.2
.4-

17
18
19
20
21
22
23

NET FINAN. INVESTMENT (18-24)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS ♦ CURRENCY
CREDIT MARKET INSTRUMENTS
MORTGAGES 38
OTHER LOANS 39
OTHER FINANCIAL ASSETS 40

5.3.5.6.8.3.5.8

.9.7
2.6
1.4.1
1.5.5-

l.l6.06.6•
.4
.4.6

4.7
.5
.413.013.2
.63.1
1.4

1.6
.3
4.5
15.819.7
.6
2. 11. 1-

4.9.5.416.015.0
.6
4.0*

1.9-

1.2-

DI SCREPANCY (16-17)

.2

TOT.

1
2
3
4

6.6
5.0

32

4

60.7
31.3
18.4
11.0

58.6
29.0
19.9
9.7

NET INCREASE IN LIABILITIES
LIFE INSURANCE AND RETIREMENT RESERVE
U.S. GOVT. SECURITIES 41
SHORT-TERM DIRECT 42
OTHER SECURITIES
SVGS. BONDS 43
OTHER LOANS 44
OTHER LIABILITIES 45

SAAR

64. 4
32.2
20.9
11.2

58.8
28.8
19.9
10.1

24
25
26
27
28
29
30
31

1955
3

63.4
31.8
20.4
11.2

59.0
28.8
19.9
10. 3

5
6

2

(E) U.S,. GOVERNMENT 30
58.9
56.9
59.3
58.1
29.4
29.0
30.9
30.2
19.9
15.9
19.8
16.2
10.1
10.5
10.1
11.3

TAX RECEIPTS (NET OF REFUNDS)
INDIVIDUAL INCOME
CORPORATE PROFITS
OTHER 31
SOCIAL INSURANCE PROGRAMS 32
PREMIUMS RECEIVED
BENEFITS PAID
LIFE INSUR. ♦ RETIREMENT PROGRAMS 33
PREMIUMS RECEIVED
BENEFITS PAID

1
2
3
4

ANNUAL RATES

.2

♦

2.9.5-

2.3
4.5
3.5
.6
.5
.1
.4

.4 17
.8 18
.6-19
1.5 20
.6 21
.9 22
.1-23

2.2.9
2.216.6
18.6—
.3.7. 1-

2.2
.9
l.l
7.58.6
.1
.3

.5 24
.6 25
1.1 26
7.1-27
8.1 28
* 29
1.1-30
. 1-31

3.2

.7

.2 32

»

(F) STATE AND LOCAL GOVERNMENT
33
34
35
36
37
38
39
40
41
42

TAX RECEIPTS 46
NET INSURANCE AND GRANTS RECEIPTS 47
NET INTEREST PAID
NET PURCHASES OF GOODS + SERVICES 36
CONSTRUCTION AND LAND
OTHER BY GOVT. ENTERPRISES
OTHER BY GENERAL GOVERNMENT
CURRENT SURPLUS (55+34-35-36)
CREDITS IMPUTED TO CONSUMERS 48
GROSS AND NET SAVING (40-41)

43
44
45
46
47
48
49
50

NET FINANCIAL INVESTMENT (44-51)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
OTHER 49

51
52
53
54
55
56
57

NET INCREASE IN LIABILITIES
STATE AND LOCAL OBLIGATIONS
SHORT-TERM
OTHER
EMPLOYEE RETIREMENT RESERVES
OTHER LIABILITIES 50
DISCREPANCY (42-43)




24.6
1.1
.4
26.5
8.9
1.419.0
1.21.3
2.5-

24.8
l.l
.4
27.4
9.3
1.419.6
1.91.3
3.2-

25.1
l.l
.4
27.9
9.4
1.519.9
2.21.3
3.4-

24.6
1.1
.4
26.9
9.1
1.419.2
1.51.3
2.8-

25.9
1. 1
.4
28.8
9.8
1.520.5
2.31.3
3.5-

26.6
1.0
.5
29.4
10.0
1.621.0
2.21.3
3.5-

27.4
1.3
.5
29.8
10.0
1.621.3
I .51.3
2.8-

28.1
1.3
.5
30.3
10.2
1.721.7
1.31.3
2.7-

27.0 33
1.2 34
.5 35
29.5 36
10.0 37
1.6-38
21.1 39
1.8-40
1.3 41
3.1-42

1.6
6.8
2.5
1.0
3.3
2.1
.3
.8

5.11.6
2. 1.2
3.5
2.2
.3
.9

2.02.9
•
.8
2.1
.9
.3
.9

1.9—
3.8
1.0
.12.9
1.6
.3
.9

1.83.7
.4
.5
2.9
1.7
.3
.9

3.8.8
.4.51.7
.7
.3
.8

1.32.6
1.0
.2
1.4
.4
.3
.7

2.82.3
•
.12.4
1.3
.5
.7

2.04. 1
.9
.2
3.0
1.9
.5
.6

2.5-43
2.5 44
.4 45
. 1-46
2.1 47
1.1 48
.4 49
.7 50

5.2
4.1
.7
3.4
1.2
.2-

6.6
6.0
.3
5.7
1.3
.6-

4.8
3.6
.23.9
1.3
•

5.6
4. 3
.34.5
1.3
-1

5.6
4.5
.1
4.4
1.3
.2-

4.7
3.2
.94.1
1.3
.2

3.9
2.4
.52.9
1.3
.2

5.1
3.9
.5
3.5
1.3
.1-

6.0
4.4
.1
4.3
1.3
.3

5.0 51
3.5 52
.2-53
3.7 54
1.3 55
.2 56

3.7-

2.6

1.2-

1.6-

1.0-

.3

2. 1-

24.2
1.1
.4
25.7
8.6
1.418.5
.81.2
2. 1-

122

.7-

.6-57

GOVERNMENT

GOVERNMENT

TABLE 4.

SECTOR STATEMENTS OF SOURCES ANO USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

SAAR

4S.

1

1956
3

2

SEASONALLY ADJUSTED

4

TOT.

I

ANNUAL RATES
2

(E) U.S,. GOVERNMENT 30
71.7
69.3
72.1
72.2
34.9
35.7
37.0
36.7
22.8
22.9
23.6
23. 1
11.6
12.3
12.3
12.4

1957
3

SAAR
4

TOT.

72.0
37.4
22.3
12.3

70.6
37.2
21.4
12.0

71.7
37.1
22.4
12.2

I
2
3
4

67.3
34.2
22.1
11.1

68.3
34.7
22.3
11.3

69.8
35.2
23.1
11.6

8.5
6.7

8.7
7.1

9.0
7.3

9.2
7.4

8.9
7. 1

10.3
7.9

10.4
9.3

10.6
9.2

10.4
10.3

10.4
9.2

5
6

7
8

TAX RECEIPTS (NET OF REFUNDS)
INDIVIDUAL INCOME
CORPORATE PROFITS
OTHER 31
SOCIAL INSURANCE PROGRAMS 32
PREMIUMS RECEIVED
BENEFITS PAID
LIFE INSUR. * RETIREMENT PROGRAMS 33
PREMIUMS RECEIVED
BENEFITS PAID

1.7
1.8

1.7
1.8

1.7
1.8

1.7
1.8

1.7
1.8

1.8
1.9

1.8
2.0

1.8
2.0

1.8
2.0

1.8
2.0

7
8

9
10
11
12
13
14
15
16

NET GRANTS AND DONATIONS PAID 34
NET INTEREST PAID 35
NET PURCHASES OF GOODS ♦ SERVICES 36
CONSTRUCTION EXPENDITURES
OTHER
CURRENT SURPLUS (1+5+7-6-8 THROUGH 11)
CREDITS IMPUTED TO CONSUMERS 37
GROSS AND NET SAVING (14-15)

9.0
5.0
47.3
2.5
44.8
7.7
.7
7.0

9.3
5.2
47. 1
2.7
44.4
8.2
.9
7.3

9.2
5.3
48.9
2.9
46.0
8.0
2.1
5.9

9.5
5.4
50.3
2.8
47.5
8.2
.5
7.6

9.2
5.2
48.4
2.7
45.7
8.0
1.1
7.0

10.3
5.5
52.6
2.9
49.7
6.0
.5
5.4

10.4
5.7
52.9
2.9
50.0
4.2
.7
3.6

10.0
5.8
52.7
3.1
49.6
4.6
.2
4.3

10.6
5.7
52.0
3. 1
48.9
2.2
1.0
1.2

10.3
5.7
52.5
3.0
49.6
4.3
.6
3.6

9
10
11
12
13
14
15
16

17
18
19
20
21
22
23

NET FINAN. INVESTMENT (18-24)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS + CURRENCY
CREDIT MARKET INSTRUMENTS
MORTGAGES 38
OTHER LOANS 39
OTHER FINANCIAL ASSfcTS 40

17
18
19
20
21
22
23

1
2
3
4
5
6

24
25
26
27
28
29
30
31

32

NET INCREASE IN LIABILITIES
LIFE INSURANCE AND RETIREMENT RESERVE
U.S. GOVT. SECURITIES 41
SHORT-TERM DIRECT 42
OTHER SECURITIES
SVGS. BONDS 43
OTHER LOANS 44
OTHER LIABILITIES 45
DISCREPANCY (16-17)

7.3
6.4
5.5
.8
.4
.4
.2

7.6
3.75.91.4
.8
.6
.8

5.4
1.5
.6.9
.8
.1
1.3

3.6
4. 3
.3
1.6
1. 3
.2
2.4

6.0
2.1
.21.2
.8
.3
1.2

5.7
13.7
9.7
2.8
1.8
I. 1
1.2

4.9
7.311.21.7
1.5
.1
2.2

3.1
9. 1
5.8
1.7
1.3
.3
1.6

.1
1.43.63.4
1.2
2.3
1.2-

3.5
3.5
.2
2.4
1.4
1.0
1.0

.8.7
2.56.9
9.4•
.31.2

11.2.9
11.46.6
17.8.2.2.5-

3.92.1
7.28.9
15.6.4.82.0

.7
.5
1.07.2
7.5.7.1
1.0

3.81. 1
5.57.4
12.6.3.3.9

8.0
.5
8.4
12.4
1.32.8.2.8-

12.3.7
13.317.4
28.62.1.2.6

6.0
.2
6.6
6.715.5
2.2.5.3-

1.41.0
4.7l.l1.71.9.83.0

. 1 24
.6 25
.7--26
5.5 27
4.0--28
2.2--29
.4--30
.6 31

.3-

.2-

.3-

1.4-

.5

4.0

1.0

1.2

1.1

.2 32

(F) STATE AND LOCAL GOVERNMENT

33
34
35
36
37
38
39
40
41
42

TAX RECEIPTS 46
NET INSURANCE AND GRANTS RECEIPTS 47
NET INTEREST PAID
NET PURCHASES OF GOODS + SERVICES 36
CONSTRUCTION AND LAND
OTHER BY GOVT. ENTERPRISES
OTHER BY GENERAL GOVERNMENT
CURRENT SURPLUS (33+34-35-36)
CREDITS IMPUTED TO CONSUMERS 48
GROSS AND NET SAVING (40-41)

43
44
45
46
47
48
49
50

NET FINANCIAL INVESTMENT (44-51)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
OTHER 49

51
52
53
54
55
56

NET INCREASE IN LIABILITIES
STATE AND LOCAL OBLIGATIONS
SHORT-TERM
OTHER
EMPLOYEE RETIREMENT RESERVES
OTHER LIABILITIES 50

57

DISCREPANCY (42-43)




29.1
1.3
.5
31.0
10.5
1.722.3
I. 11.4
2.5-

29.7
1.4
.5
32.2
11.1
1.722.9
1.61.4
3.0-

30.3
1.8
.5
33.1
11.3
1.823.6
1.61.5
3.1-

30.7
1.7
.5
34.0
11.5
1.824.2
2. 11.5
3.7-

29.9
1.6
.5
32.6
11.1
1.723.3
1.61.5
3. 1-

31.5
2.4
.5
35.2
12.2
1.824.8
1.81.6
3.4-

32.1
2.0
.5
35.7
12. 1
1.825.4
2. 11.6
3.8-

32.6
2.3
.5
36.0
11.8
1.926.1
1.61.7
3.3-

32.9
2.3
.6
37.4
12.5
1.926.8
2.81.7
4.6-

32.3 33
2.2 34
.5 35
36. 1 36
12.1 37
1.8--38
25.8 39
2.1--40
1.6 41
3.8--42

1.94.2
.5
.2
3.5
2.4
.5
.6

2.12.2
.6
.31.9
.7
.5
.7

3.4.8
.8-

1 .6
.3
.5
.8

2.22.7
.4
.2
2.0
.7
.5
.9

2.42.5
.2
•
2.2
1.0
.5
.7

2.93.2
.7
.3
2.3
.8
.5
1.0

2.93.3
.2
.2
3.0
1.4
.5
l.l

3.43.5
.6
.9
2.0
.3
.5
1.2

6.31. 1
.5.2
1.4
.4.5
1.3

3.9--43
2.8 44
.2 45
.4 46
2.2 47
.5 48
.5 49
l.l 50

6.1
4.6
•
4.6
1.4
.1

4.4
2.9
.23.1
1.4
.1

4.1
2.2
.72.9
1.5
.5

4.9
3.2
.4
2.9
1.5
.1

4.9
3.2
. 13.3
1.5
.2

6. 1
4.0
.6
3.4
1.6
.5

6.3
4.4
.1
4.3
1.6
.3

7.0
4.9
.5
4.4
1.7
.4

7.4
5.3
.5
4.8
1.7
.4

6.7
4.6
.4
4.2
1.6
.4

.1

1.8

.6-

.9-

123

#

.3

1.5-

.7-

.6-

.8-

51
52
53
54
55
56

. 1 57

GOVERNMENT

GOVERNMENT

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DULLARS
4S.

SAAR

1

1958
3

2

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES
2

(E) U.S . GOVERNMENT 30
69.2
68.7
69.8
71.1
37.1
36.4
38.6
39.7
19.9
20.4
18.6
18.6
11.9
12.2
12.6
12.7

1959
3

4

TOT.

74.8
40.1
21.4
13.3

76.6
41.5
21.4
13.6

73.1
40.0
20.0
13.0

1
2
3
4

68.3
35.7
20.8
11.7

68.6
35.8
20.9
11.9

68.6
36.8
20.1
11.7

10.4
11.I

10.4
12.9

10.7
13.5

10.9
13.0

10.6
12.6

12.7
12.5

13.1
12.6

13.1
12.8

13.2
13.7

13.0
12.9

5
6

7
8

TAX RECEIPTS (NET OF REFUNDS)
INDIVIDUAL INCOME
CORPORATE PROFITS
OTHER 31
SOCIAL INSURANCE PROGRAMS 32
PREMIUMS RECEIVED
BENEFITS PAID
LIFE INSUR. + RETIREMENT PROGRAMS 33
PREMIUMS RECEIVED
BENEFITS PAID

1.8
2.1

1.7
2.3

1.8
2.2

1.8
2.2

1.8
2.2

1.9
2.3

1.8
2.4

1.9
2.5

1.8
2.5

1.9
2.4

7
8

9
10
11
12
13
14
15
16

NET GRANTS AND DONATIONS PAID 34
NET INTEREST PAID 35
NET PURCHASES OF GOODS + SERVICES 36
CONSTRUCTION EXPENDITURES
OTHER
CURRENT SURPLUS (1+5+7-6-8 THROUGH 11)
CREDITS IMPUTED TO CONSUMERS 37
GROSS AND NET SAVING (14-15)

11.1
5.6
53.5
3.0
50.5
3.01.2
4.2-

11.7
5.5
54.9
3.2
51.7
6.5.5
7.0-

11.8
5.5
56.7
3.4
53.3
8.71.2
9.9—

12.9
5.7
57.4
4.0
53.4
9.4.9
10. 3-

11.9
5.6
55.6
3.4
52.2
6.9.9
7.8-

13.4
6.0
56.3
4.0
52.3
6.1.9
7. 1-

13.0
6.1
56.2
4.2
52.0
4.2.5
4.7-

13.9
6.6
56.7
3.5
53.2
2.81.7
4.5—

14.0
6.8
55.4
3.2
52.2
.71.1
1.9-

13.6 9
6.4 10
56.1 11
3.7 12
52.4 13
3.5- 14
1.0 15
4.5-•16

17
18
19
20
21
22
23

NET FINAN. INVESTMENT (18-2*0
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS + CURRENCY
CREDIT MARKET INSTRUMENTS
MORTGAGES 38
OTHER LOANS 39
OTHER FINANCIAL ASSETS 40

1.16.6
5.5
1.0
.5
.5
*

5.910.2
9.6
.5
.61.2
.1

13.619.121.4—
2.1
.2
1.9
.2

11.99.0
6.7
3. 3
1.2
2.1
1.0-

8. 11.6
.1
1.7
.3
1.4
.2-

8.83.1
.64.3
2. 3
2.1
.6-

7.24.5
3.05.8
2.8
3.0
1.8

3.38.4
4.0
3.7
2.2
1.5
.6

1.23.4
2.4
1.5
1.6
•
.5-

5. 1--17
4.9 18
.7 19
3.8 20
2.2 21
1.6 22
.3 23

7.7
1.2
5.7
9.8
3.4.7.9
.1-

16.1
.5
15.1
17.833.6
.7.2
.3

5.61.2
6.93.43.0.5.4
.2-

20.8
.9
19.3
6.5
13.7
.9.1.8

9.8
.9
8.3
1.210.2
.7.4
.2

11.9
.9
12.5
2.416.3
1.31.1.5-

11.7
.5
11.4
17.2
3.82. 1. 1. 1-

11.7
1.7
10.2
3.115.4
2.1.3.1

4.6
1.1
3. 1
10.4
4.72.51.0—
1.3

10.0 24
1.0 25
9.3 26
5.5 27
5.8 28
2.0-•29
.6-■30
.2 31

3.1-

1.1-

3.7

1.6

1.8

2.5

1.2-

.7-

.6 32

1
2
3
4

5
6

24
25
26
27
28
29
30
31

32

NET INCREASE IN LIABILITIES
LIFE INSURANCE AND RETIREMENT RESERVE
U.S. GOVT. SECURITIES 41
SHORT-TERM DIRECT 42
OTHER SECURITIES
SVGS. BONOS 43
OTHER LOANS 44
OTHER LIABILITIES 45

DISCREPANCY (16-17)

.3

(F) STATE AND LOCAL GOVERNMENT

33
34
35
36
37
38
39
40
41
42

TAX RECEIPTS 46
NET INSURANCE AND GRANTS RECEIPTS 47
NET INTEREST PAID
NET PURCHASES OF GOODS + SERVICES 36
CONSTRUCTION AND LAND
OTHER BY GOVT. ENTERPRISES
OTHER BY GENERAL GOVERNMENT
CURRENT SURPLUS (33+3^-35-36)
CREDITS IMPUTED TO CONSUMERS 48
GROSS AND NET SAVING (40-41)

43
44
45
46
47
48
49
50

NET FINANCIAL INVESTMENT (44-51)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
OTHER 49

51
52
53
54
55
56
57

NET INCREASE IN LIABILITIES
STATE AND LOCAL OBLIGATIONS
SHORT-TERM
OTHER
EMPLOYEE RETIREMENT RESERVES
OTHER LIABILITIES 50
DISCREPANCY (42-43)




33.3
2.8
.6
38.4
12.7
1.927.6
2.91.8
4.7-

33.8
3.2
.6
39.5
13.0
1.928.4
3.01.9
4.9—

34.4
3.5
.6
41.0
13.8
1.929.1
3.71.9
5.6-

35.0
4.0
.6
42.0
14.3
1.929.6
3.61.9
5.6-

34.1
3.4
.6
40.2
13.4
1.928.7
3.31.9
5.2-

36.1
4.5
.7
43.0
14.8
2.030.2
3.11.8
5.0-

36.8
4.2
.7
43.1
14.3
2.030.8
2.81.7
4.5-

37.5
5.4
.7
43.1
13.7
2.131.5
.91.6
2.4-

38.3
4.5
.7
42.9
12.9
2.232.2
. 81.5
2.2-

37.2 33
4.6 34
.7 35
43.0 36
13.9 37
2. 1-•38
31.2 39
1.9-•40
1.6 41
3.5-•42

5.13.5
.62.1
2.0
.2.5
1.6

4.24.6
2.0
2.2
.3
2.2.5
1.9

6.21.0
.4—
.52.0
.2
.5
1.4

4.4—
2.2
. 1.62.9
.4
.5
2.0

5.02.8
.2
.8
1.8
.4.5
1.7

5.01.0
.4.51.8
.8
.5
.5

5.22.6
.1
.32.8
1.0
.5
1.3

1.76.4
2.6
.84.7
3.0
.3
1.4

1.13.8
.2•
4.0
2.2
.3
1.5

3.3--43
3.4 44
.5 45
.4-■46
3.3 47
1.8 48
.4 49
1.2 50

8.6
6.4
.6
5.8
1.8
.4

8.8
6.5
1.1
5.4
1.9
.4

7.2
4.9

6.6
4.2
•
4.2
1.9
.4

7.8
5.5
.4
5.1
1.9
.4

6.0
3.8

7.8
5.8
.7
5.1
1.7
.3

8.1
6.3
1.3
5.0
1.6
.3

5.0
3.0
.53.5
1.5
.5

6.7
4.7
.3
4.4
1.6
.4

.4

.7-

124

»

4.8
1.9
.4
.5

l.l-

.2-

»

3.9
1.8
.3

•

.8

.7-

1.1-

51
52
53
54
55
56

.2-■57

GOVERNMENT

GOVERNMENT

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

SAAR

4S.

1

1960
3

2

SEASONALLY ADJUSTED
4

TOT.

1

ANNUAL RATES

2

(E) U. S. GOVERNMENT 30
77.9
78.9
80.8
79.6
43.7
43.5
44.4
43. 1
22.8
23.2
21.0
20.8
13.7
14.0
13.3
13.7

1961
3

SAAR

4

TOT.

80. 1
44.5
21.1
14.5

83.0
46.6
21.3
15. 1

80.0
44.8
21.0
14.2

I
2
3
4

81.6
43.9
23.7
14.0

81.3
44. 1
23.0
14.3

80.7
43.6
23.2
13.8

15.5
13.3

15.7
13.7

15.8
14.2

15.7
15.2

15.7
14. 1

15.8
15.7

16.2
17.2

16.4
17.0

16.7
17.5

16.3
16.9

5
6

7
8

TAX RECEIPTS (NET OF REFUNDS)
INDIVIDUAL INCOME
CORPORATE PROFITS
OTHER 31
SOCIAL INSURANCE PROGRAMS 32
PREMIUMS RECEIVED
BENEFITS PAID
LIFE INSUR. ♦ RETIREMENT PROGRAMS 3 3
PREMIUMS RECEIVED
BENEFITS PAID

1.9
2.6

1.9
2.6

1.9
2.6

1.9
2.6

1.9
2.6

2.0
3.2

1.9
2.6

2.0
3.3

1.9
2.7

2.0
2.9

7
8

9
10
11
12
13
14
15
16

NET GRANTS AND DONATIONS PAID 34
NET INTEREST PAID 35
NET PURCHASES OF GOODS ♦ SERVICES 36
CUNSTRUCTION EXPENDITURES
OTHER
CURRENT SURPLUS (1+5+7-6-8 THROUGH 11)
CREDITS IMPUTED TO CONSUMERS 37
GROSS AND NET SAVING (14-15)

12.7
7.0
55. 1
3.3
51.8
8.4
l.l
7.2

13.6
7.1
55.6
3.6
52.0
6.4
1.5
4.9

13.7
7.1
56.3
3.8
52.5
4.5
.7
3.8

13.7
7. 1
56.6
4.0
52.7
2.0
.7
1.3

13.4
7.1
55.9
3.7
52.2
5.3
1.0
4. 3

14.6
7.0
58.4
4.2
54.2
3.3.7
4.0-

14.4
6.9
61.6
3.9
57.7
5.71.5
7.2-

14.5
6.8
61.4
3.5
57.9
4.5.7
5.3-

14.9
6.9
64.3
3.6
60.7
4.8.9
5.7-

14.6 9
6.9 10
61.4 11
3.8 12
57.6 13
4.6--14
1.0 15
5.5--16

17
18
19
20
21
22
23

NET FINAN. INVESTMENT (18-24)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS + CURRENCY
CREDIT MARKET INSTRUMENTS
MORTGAGES 38
OTHER LOANS 39
OTHER FINANCIAL ASSETS 40

4.6
3.0
1.2
1.5
1.2
.3
.3

7.1
8.1
3.2
4.4
1.7
2.7
.5

3.7
3.4
.9
2.4
1.2
1.1
.1

4.8.83.12.3
.1
2.2
.1-

10.61.82.1.5.1
.6.8

1.213.7
7.4
4.9
.8
4.1
1.4

6.72.0
1.34.5
1.4
3.1
1.2-

5.8--17
3.3 18
.2 19
2.8 20
.6 21
2.2 22
.2 23

1.61.1
3.014.712.9
1.2.1.4

4.0
.7
1.2
18.0
17.3.5
.6
1.4

8.9
1.5
8.1
15.1
7.6.7
.3.5-

14.9
.7
15.0
.9
13.5
.7
.4.5-

8.7
.9
4.7
11.3
7.5.9
1.1
2.1

9. 1 24
1.0 25
7.3 26
11.3 27
4. 7--28
.7 29
.2 30
.6 31

2.7

3.4

4.1-

l.l

1
2
3
4
5
6

24
25
26
27
28
29
30
31

32

NET INCREASE IN LIABILITIES
LIFE INSURANCE AND RETIREMENT RESERVE
U.S. GOVT. SECURITIES 41
SHORT-TERM DIRECT 42
OTHER SECURITIES
SVGS. BONDS 43
OTHER LOANS 44
OTHER LIABILITIES 45

DISCREPANCY (16-17)

1.8
.3
1.21.6
1.3
.3
.1-

1.2
2.3
.4
2.0
.8
1.3
. 1-

.9
1.5
1.711.610.5
.5.7
.4

1.5.7
5.117.3
22.1.21.4
1.4

1.1
.7
.511.210.5
.2
. 11.0

2.3-

2.0

.1

.21.0
2.65.12.9
.4.5
.8

.6

.8

.3 32

(F) STATE AND LOCAL GOVERNMENT

33
34
35
36
37
38
39
40
41
42

TAX RECEIPTS 46
NET INSURANCE AND GRANTS RECEIPTS 47
NET INTEREST PAID
NET PURCHASES OF GOODS ♦ SERVICES 36
CONSTRUCTION AND LAND
OTHER BY GOVT. ENTERPRISES
OTHER BY GENERAL GOVERNMENT
CURRENT SURPLUS (53+34-35-36)
CREDITS IMPUTED TO CONSUMERS 48
GROSS AND NET SAVING (40-41)

43
44
45
46
47
48
49
50

NET FINANCIAL INVESTMENT (44-51)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE ANO LOCAL OBLIGATIONS
OTHER 49

51
52
53
54
55
56

57

NET INCREASE IN LIABILITIES
STATE AND LOCAL OBLIGATIONS
SHORT-TERM
OTHER
EMPLOYEE RETIREMENT RESERVES
OTHER LIABILITIES 50
DISCREPANCY (42-43)




40.9
4.5
.7
45.4
13.7
2.233.9
.61.7
2.3-

41.4
4.5
.7
46.5
14.2
2.334.5
1.21.9
3.1-

42.0
4.3
.7
47. 3
14.4
2.335.3
1.82.1
3.9-

41.1
4.2
.7
45.8
13.9
2.234.2
1.21.8
3.0-

42.7
4.8
.7
48.6
14.9
2.336. 1
1.92.5
4.4-

43.6
4.5
.8
48.9
14.4
2.436.9
1.62.9
4.5-

44.5
4.8
.8
50.0
14.6
2.437.8
1.53.2
4.7-

45.5
5.0
.8
51.6
15.5
2.438.5
1.93.3
5.2-

44. 1 33
4.8 34
.8 35
49.8 36
14.8 37
2.4--38
37.3 39
1.7--40
3.0 41
4.7--42

.2
4.8
1.1
.2
3.4
1.5
.1
1.9

2.82.6
2.21.1
3.7
1.6
.1
2.0

2.84.9
1.8
2.3
.8
2.1.2
2.8

.65.0
.1
2.0
2.9
•
•
2.8

1.54.3
.2
1.4
2.7
.2
.1
2.4

3. 13.8
.4.8
3.5
.7
*
2.7

1.45.6
1.5
l.l
3. 1
.6
•
2.5

8.11.3
1.61.0
1.9
.4*
2.3

4.25.8
2.8
.8
2.3
.2

4.2--43
4.2 44
.6 45
.9 46
2.7 47
.3 48
* 49
2.4 50

4.6
2.7
.23.0
1.5
.3

5.5
3.3
.13.4
1.7
.5

7.7
5.4
.15.4
1.9
.5

5.6
3.3
.5
2.8
2.1
.2

5.9
3.7

3.6
1.8
.4

6.9
4.0
.5
3.5
2.5
.5

7. 1
3.8
.54.3
2.9
.4

9.5
5.9'
.8
5.2
3.2
.4

2.9-

.6

3.3-

1.5-

1.3-

3.0-

3.5

40.0
3.6
.7
44. 1
13.2
2.233. 1
1.21.5
2.7-

125

.2-

»

»

2.1

10.0
6.3
.9
5.5
3.3
.4
1.0-

8.4
5.0
.4
4.6
3.0
.4

51
52
53
54
55
56

.5-•57

GOVERNMENT

GOVERNMENT

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DULLARS

SAAR

4S.
I

1962
3

2

SEASONALLY ADJUSTED

4

TOT.

1

SAAR

ANNUAL RATES
2

(E) U. S. GOVERNMENT 30
87.4
85.8
48.6
49.3
22.4
21.9
15.7
15.2

1963
3

4

TOT.

83.4
47.3
21.2
14.9

85.3
48.9
21.3
15. 1

86.9
49.0
22.7
15.3

18.1
17.1

18.4
17.1

18.5
17.2

18.5
18.0

18.4
17.4

5
6

7
8

TAX RECEIPTS (NET OF REFUNDS)
INDIVIDUAL INCOME
CORPORATE PROFITS
OTHER 31
SOCIAL INSURANCE PROGRAMS 32
PREMIUMS RECEIVED
BENEFITS PAID
LIFE INSUR. ♦ RETIREMENT PROGRAMS 33
PREMIUMS RECEIVED
BENEFITS PAID

2.0
2.9

2.0
2.8

2.0
2.9

2.0
2.9

2.0
2.9

7
8

9
10
11
12
13
14
15
16

NET GRANTS AND DONATIONS PAID 34
NET INTEREST PAID 35
NET PURCHASES OF GOODS + SERVICES 36
CONSTRUCTION EXPENDITURES
OTHER
CURRENT SURPLUS (1+5+7-6-8 THROUGH ll)
CREDITS IMPUTED TO CONSUMERS 37
GROSS AND NET SAVING (14-15)

15.6
7.0
66.9
3.6
63.3
6.0—
1 .0
7.0-

15.5
7.1
65.7
4.1
61.6
2.51.9
4.4-

15.4
7.2
66.0
3.6
62.4
1.3.6
2.0-

16.3
7.3
68.0
4.0
64.0
4.61.1
5.7-

15.7
7.2
66.7
3.8
62.8
3.61.1
4.8-

9
10
11
12
13
14
15
16

17
18
19
20
21
22
23

NET FINAN. INVESTMENT (18-24)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS + CURRENCY
CREDIT MARKET INSTRUMENTS
MORTGAGES 38
OTHER LOANS 39
OTHER FINANCIAL ASSETS 40

10.28.7
5.3
4.0
1.2
2.9
.6-

.1
8.2
3.6
4.5
.3
4.2
-1

2.45.56.31.9
.12.0
1.0-

7.65.3
1.7
3.6
. 13.8
*

5.04.2
l.l
3.5
.3
3.2
.4-

17
18
19
20
21
22
23

19.0
1.0
15.4
17.8
2.4.1
.7
1.9

8.1
1.9
8.6
2.0
6.3
.4
.2
2.2-

3.0.6
4.112.47.7
.6
1.52.0

12.9
1.1
9.7
2.4
7.2
.2
1.7
.4

9.2
l.l
7.4
2.4
4.7
.3
.2
.5

24
25
26
27
28
29
30
31

3.2

4.5-

2.0

.3

32

1
2
3
4
5
6

24
25
26
27
28
29
30
31

32

NET INCREASE IN LIABILITIES
LIFE INSURANCE AND RETIREMENT RESERVE
U.S. GOVT. SECURITIES 41
SHORT-TERM DIRECT 42
OTHER SECURITIES
SVGS. BONDS 43
OTHER LOANS 44
OTHER LIABILITIES 45

DISCREPANCY (16-17)

.5

1
2
3
4

(F) STATE AND LOCAL GOVERNMENT
33
34
35
36
37
38
39
40
41
42

TAX RECEIPTS 46
NET INSURANCE AND GRANTS RECEIPTS 47
NET INTEREST PAID
NET PURCHASES OF GOODS ♦ SERVICES 36
CONSTRUCTION AND LAND
OTHER BY GOVT. ENTERPRISES
OTHER BY GENERAL GOVERNMENT
CURRENT SURPLUS (33+34-35-36)
CREDITS IMPUTED TO CONSUMERS 48
GROSS AND NET SAVING (40-41)

43
44
45
46
47
48
49
50

NET FINANCIAL INVESTMENT (44-51)
NET ACQUIS. OF FINAN. ASSETS
DEMAND DEPOSITS AND CURRENCY
TIME DEPOSITS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
OTHER 49

51
52
53
54
55
56

57

NET INCREASE IN LIABILITIES
STATE AND LOCAL OBLIGATIONS
SHORT-TERM
OTHER
EMPLOYEE RETIREMENT RESERVES
OTHER LIABILITIES 50
DISCREPANCY (42-43)




46.8
5.1
.8
52.4
15.4
2.539.5
1.43.1
4.5-

47.6
5.4
.8
52.7
15.0
2.540.2
.6
2.7
3.3

48.2
5.3
.8
53.8
15.3
2.541.0
1.12.3
3.4-

48.9
5.8
.8
55.9
16.5
2.642.0
2.02.0
4.0-

47.9
5.4
.8
53.7
15.5
2.540.7
1.32.5
3.8-

33
34
35
36
37
38
39
40
41
42

5.74.4
2.82.0
5.3
3.9
.21.6

4.15.1
1.4
.6
3.1
1.4
.11.8

.95.5
2.7
.4
2.4
.7
.11.8

6.7.8
1.61.0
1.5
.3-

1.9

4.34.0
. 11.0
3.1
1.4
. 11.8

43
44
45
46
47
48
49
50

10.1
6.4
.6
5.8
3.1
.6

9.2
5.9
.6
5.3
2.7
.7

6.4
3.6
1.24.8
2.3
.4

7.5
4.3
1.4
2.9
2.0
1.1

8.3
5.1
.4
4.7
2.5
.7

51
52
53
54
55
56

1.2

.9

2.5-

2.7

.5

57

126

»

BANKING AND NONBANK FINANCIAL

TABLE 4.

BANKING AND NONBANK FINANCIAL

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

SAAR
1

2

4S.

SEASONALLY ADJUSTED, ANNUAL RATES

1952
3

1953
3

4

TOT.

1

2

SAAR
4

TOT.

(G) BANKING SYSTEM

1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIV. PYMTS. 51
CURRENT SURP. = GROSS SVG. (1-2)

4
5

GROSS INVESTMENT ( 5+6)
CAPITAL EXPENDITURES

6
7
8
9
10
ll
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

NET FINANCIAL INVEST. (7-23)
NET ACQUIS. OF FINAN. ASSETS
GOLD AND FOREIGN EXCHANGE 52
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 42
OTHER

STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 53
SECURITY LOANS
OTHER ASSETS 54
NET INCREASE IN LIABILITIES
DEM. DEP. NET + CURRENCY 55
DUE TO U.S. GOVT. 56
DUE TO REST OF THE WORLO
DUE TO OTHERS 56
DEMAND DEPOSITS, NET 55
CURRENCY
TIME DEPOSITS
DUE TO CONSUMERS
DUE TO OTHERS
OTHER LIABILITIES 57

DISCREPANCY (>4)

1.9
1.3
.6

2.1
1.4
.7

2.2
1.5
.7

2.3
1.5
.8

2.1
1.4
.7

.1
.1

1.1
.1

.3
.1

1.2
.1

.7
.1

•
17.8
2.4
16.9
9.2
.39.4
8.2
1.2

1.0
11.1
.3
8.7
2.7
.12.8
2.75.5

.2
5.6
*
7.5
2.03.1
5.13.6
8.7-

1. 1
9.0
1.18.7
1.3
.9
.4
4.6
4.2-

.6
10.9
.4
10.4
2.8
.9
1.9
3.4
1.5-

.25.0
2.47.5
.11.3
1.413.8
15.2-

1.8
1.6.71.42.92.3
5.29.4
14.5-

.1
14.1
1.113.7
9.9
1.8
8.0
2.910.9

.9
.5.8•
2.1.51.615.8
17.4-

.6 6
4.3 7
1.3 - 8
5.0 9
1.2 10
1.2 11
♦
12
9.0 13
9.0--14

.4
.3
.9
1.0
5.2
•
1.3
3.0-

1.7
.4
1.0
1.8
.41.4
1.9
.1

1.3
.61.4
2.1
3.3
1.7
2.1.1

.6
.71.2
2.8
4.7
I. 11.3
•

1.0
.11.1
1.9
3.2
.5
.6
.7-

.7
•
1.3
3.4
2.5
.3.2
.3-

.2
•
1.0
1.5
1.4.3
.61.0

.6
.1
.8
.9
.31.8
1.6
.1-

1.1
. 1.9
.4
4.64.4
.4
.2-

.6 15
•
16
1.0 17
1.5 18
.9--19
1.6 20
.4 21
. 1 22

5.4
2.5
.9.8
2.6
1.5
1.0
2.9
2.4
.5
.1-

7.8
3.2
.5
.53.2
2.9
.3
3.9
3.3
.6
.6

10.3
6.0
1.7
.2
4.2
3.0
1.2
3.1
2.7
.4
l.l

5.3
1.9
2.9•
4.8
3.0
1.9
2.4
2.5
. 1.8

3.46.77.1.4.8
.5
.3
3.4
2.8
.6
.3-

14.0
10.4
10.0
.2.5
.3.8
3.0
2.5
.5
.6

1.35.85.3.4•
.6
.64.9
2.4
2.6
.6-

3.6 23
#
24
1.3--25
.3--26
1.6 27
1.0 28
.6 29
3.4 30
2.5 31
.9 32
. 1 33

•

.9

1.1-

.6

.2-

.1 34

17.8
11.0
4.9
.2
5.9
4. 1
1.8
3.0
2.9
.2
3.6
.5

10.1
7.3
2.2
.2
4.9
3.5
1.4
2.4
2.1
.4
.2
.5-

.4

.5-

2.4
1.6
.8
.1.1

2.4
1.6
.8

2.4
1.6
.8

2.4
1.6
.8

2.4
1.6
.8

1
2
3

1.9
.1

.2
.1

.9
.1

.7
.1

4
5

(H) NONBANK FINANCIAL INSTITUTIONS 73

35
36
37

CURRENT SURPLUS 58
CREDITS IMPUTED TO CONSUMERS 59
GROSS SAVING' (35-36) 52

4.9
5.9
1.0-

6.7
5.2
1.5

6.6
6.5
.1

7.8
5.5
2.3

6.5
5.8
.7

7.5
6.0
1.5

7.4
6. 1
1.3

6.9
5.6
1.2

7.2
6.3
.8

7.2 35
6.0 36
1.2 37

38
39

GROSS INVESTMENT (39-^0)
CAPITAL EXPEND. (INSUR. SECTOR)

1.4
.2

2.3
.2

1.2
.2

2.3
.2

1.8
.2

1.7
.2

1.9
.2

1.6
.2

3.1
.2

2. 1 38
.2 39

40
41

NET FINANCIAL INVEST. (41-60)
NET ACQUIS. OF FINAN. ASSETS
BY SUBSECTORMUTUAL SAVINGS BANKS
S. + L. ASSNS. + CR. UNIONS
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
NONINSURED PENSION FUNDS
FINANCE N.E.C.
BY TYPEDEM. DEP. AND CURRENCY
CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORP. ANO FOREIGN BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS 60
SECURITY CREDIT
OTHER FINANCIAL ASSETS 61

1.2
14.3

2.1
17.4

1.0
13.3

2.0
19.0

1.6
16.0

1.5
17.0

1.7
16.8

1.4
18.1

2.9
16.5

1.9 40
17. 1 41

1.3
3.2
5.0
1.6
1.3
1.9

1.9
3.5
3.9
1.6
1.5
5.0

1.9
3.9
5.4
1.4
1.6
.8-

2.0
4.3
4.2
1.3
1.6
5.6

1.8
3.7
4.6
1.5
1.5
2.9

1.9
4. 1
4.8
1.6
1.7
2.9

2.0
4.5
4.9
1.6
1.8
2.0

1.8
4.4
4.4
1.5
1.8
4.2

1.8
4.6
5.3
1.5
1.9
1.4

.5
13.8
.4
.6
4.4
1.2
5.2
1.6
.6
.3.1.2

1.5
15.0
1.1
.1
4.4
.8
4.6
1.5
2.3
.3
.2
.7

1.213.9
2.5.2
5.7
2.3
4.9
1.5
1.2
.6
.3
.3

.318.6
1.2
.8
4.9
1.4
5.2
1.3
2.9
.8
.2
.5

.1
15.3
.1
.4
4.8
1.4
5.0
1.5
1.7
.4
.1
.4

•
16.3
•
.7
4.5
1.3
5.5
1.2
3.0
.2
.7
•

.215.9
.3.7
4. 1
1.2
6.3
1.3
1.9
.6
.8
.3

.6
17.1
.2
1.2
4.3
1.4
6.2
1.3
1.5
1.1
•
.4

1.0
14.6
.32.0
3.6
.9
6.2
1.3
1.3
.5.3
.6

.3 48
16.0 49
. 1--50
1.2 51
4. 1 52
1.2 53
6.0 54
1.3 55
1.9 56
.3 57
.5 58
.3 59

13.1
1.4
3.0
3.4
2.4
.5
•
.6
.4.2
.2
.8
1.4

15.3
1.7
3.0
2.7
2.6
2.0
.3
.7
.2
.8
.11.9
1.4

12.3
1.9
3.8
3.8
2.7
1.7
.1
.6
.6
.4
•
2.5.9

16.9
1.8
3.6
2.7
2.8
3.7
.6
.5
2.4
•
.1
1.4
.9

14.4
1.7
3.4
3.2
2.6
2.0
.3
.6
.7
.4
.1
.4
1.1

15.5
1.8
3.8
3.0
2.9
2.8
1.0
.5
1.4
.2.1
.1
1.0

15.0
1.9
4.0
3.2
2.9
2.6
2.4
.6
.2.3.1
.5.9

16.7
1.8
4.2
2.8
2.9
2.5
1.5
.4
.2.7
.1
1.7
.9

13.6
1.7
4.0
3.3
3.0
.5
.7
.3
I. 1.6
.1
.3
.8

15.2
1.8
4.0
3.1
2.9
2.1
1.4
.4

2.4-

.9-

l.l-

.1

.2-

.6-

.3-

2.3-

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59

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

73

NET INCREASE IN LIABILITIES
DEP. IN MUTUAL SAVINGS BANKS
SAVINGS SHARES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT + EQUITY MARKET INSTR. 62
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OPEN MARKET PAPER 63
FHLB LOANS TO S. + L. ASSNS. 63
SECURITY CREDIT
MISCELLANEOUS 64

DISCREPANCY




(37-38)

127

l.l-

1.9
4.4
4.8
1.6
1.8
2.6

»

.2
.1
.4
.9

42
43
44
45
46
47

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

.8-■73

BANKING AND NONBANK FINANCIAL

BANKING ANO NONBANK FINANCIAL

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

SAAR

1

2

SAAR

4S.

SEASONALLY ADJUSTED, ANNUAL RATES

1954
3

2

1955
3

4

2.3
1.6
.7

2.4
1.5
.9

2.5
1.5
1.1

2.4
1.6
.8

I
2
3

.6.2

.3
.2

.3
.2

.3
.2

4
5

.1
1.2

4

TOT.

1

TOT.

(G) BANKING SYSTEM
I
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIV. PYMTS. 51
CURRENT SURP. = GROSS SVG. ( 1-2)

4
5

GROSS INVESTMENT ( 5+6)
CAPITAL EXPENDITURES

6
7
8
9
10
11
12
13
14

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

NET FINANCIAL INVEST. (7-23)
NET ACQUIS. OF FINAN. ASSETS
GOLD AND FOREIGN EXCHANGE 52;
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 42
OTHER
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 53
SECURITY LOANS
OTHER ASSETS 5^

NET INCREASE IN LIABILITIES
DEM. DEP. NET + CURRENCY 55
DUE TO U.S. GOVT. 56
DUE TO REST OF THE WORLD
DUE TO OTHERS 56
DEMAND DEPOSITS, NET 55
CURRENCY
TIME DEPOSITS
DUE TO CONSUMERS
DUE TO OTHERS
OTHER LIABILITIES 57

DISCREPANCY ( >4 )

2.3
1.6
.7

2.3
1.7
.6

•
.1

1.7
.1

5.1
.45.3
2.3
.22.5
12.915.4

1.6
13.0
.110.7
10.4
.2
10.2
9.319.5

1.7
.31.0
.8—
2.13.7
.1.2

5.2
1.7
1.0—
.2
2.5
3.3
.84.4
1.9
2.5
1.0.6

2.2
1.8
.4

2.2
1.7
.5

2.2
1.7
.6

3.1
.2

1.1
.1

1.2
.2

.64.7
1.24.1
4.1
3.27.3
6.914.2

2.9
14.3
.213.5
1.7
.82.4
13.516.0

.9
9.3
.58.4
4.6
1.05.6
10.716.3

1.0
5.0
.33.6
6.4. 16.317.210.9

.84.6
.25.1
4.91.53.49.96.5

2.3
.31.3
.11.01.92.0
.4

1.6
.11.9
.1
.13.81.5
.2

1.6
•
2.7
.8
3.5
3.2
.3
.7

1.8
.21.7

1.2
.22.8
1.9
5.7
1.21.5
.2

11.5
5.7
3.7
•
2.1
2.5
.44.5
3.0
1.5
1.2

5.3
1.3
6.9—
.38.5
8.5
.1
4.0
2.5
1.5
.4-

11.4
8.9
5.4
.5
3.0
2.8
.2
2.3
2.6
.3-

8.3
4.4
.3
.1
4.0
4.3
.23.8
2.5
1.3

1.0

2.6-

.5-

1.1-

2.2
1.7
.5

.5.1

»

.1
.3
.9
.4

1.5
10.5.7
11.12.78.4-

.1
7.6
.26.7
6.6—
.3
6.94.22.6-

.1 6
4.6 7
.2-• 8
4.2 9
7.1-•10
.1- 11
6.9- 12
8.5- 13
1.6 14

.9.32.9
2.5
9.0
3.0.3.1-

.2
.22.1
2.5
8.5
.9.2
.5-

•
.21.9
2.5
9.2
1.0
.1

. 1 15
.2-■16
2.4 17
2.3 18
8.1 19
1.3-•20
.6 21
.1- 22

4.0
3.0
3.6.36.9
6.8
•
1.2
1.9
.7.4

5.3
4.3
.8
•
3.5
2.8
.7
1.1
1.2

1.1
.2
3.0.1
3.1
2.9
.2
1.6
1.8
.2.8-

7.5
4.7
3. 1
.11.7
.8
.9
1.5
1.9
.41.2

4.5 23
3. 1 24
.7- 25
. 1-■26
3.8 27
3.3 28
.4 29
1.3 30
1.7 31
.3-■32
.2 33

.6-

1.3

.6

.8

.5 34

»

.3-

»

(H) NONBANK FINANCIAL INSTITUTIONS 73

35
36
37

CURRENT SURPLUS 58
CREDITS IMPUTED TO CONSUMERS 59
GROSS SAVING (35-36) 52

6.8
6.3
.5

8.0
6.8
1.2

7.4
6.1
1.2

9. 1
6.8
2.3

7.8
6.5
1.3

8.6
6.9
1.7

8.7
6.7
2.0

7.6
6.9
.7

7.7
6.8
.9

8.2 35
6.8 36
1.3 37

38
39

GROSS INVESTMENT (39-^0)
CAPITAL EXPEND. (INSUR. SECTOR)

1.2
-3

2.8
.3

1.8
.3

3.5
.3

2.3
.3

3.5
.3

2.6
.4

2.3
.4

2.1
.4

2.6 38
.4 39

40
41

NET FINANCIAL INVEST. (4l-6O)
NET ACQUIS. OF FINAN. ASSETS
BY SUBSECTORMUTUAL SAVINGS BANKS
S. + L. ASSNS. + CR. UNIONS
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
NONINSURED PENSION FUNDS
FINANCE N.E.C.
BY TYPEDEM. DEP. AND CURRENCY
CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS 60
SECURITY CREDIT
OTHER FINANCIAL ASSETS 61

.9
15.0

2.4
18.7

1.5
17.7

3.2
20.5

2.0
18.0

3.2
23.8

2.3
22.9

1.9
23.0

1.8
21.7

2.3 40
22.8 41

2.1
4.5
4.9
1.2
2.1
.2

2.2
5.1
5.4
1.3
2.0
2.7

1.6
5.2
4.7
1.3
1.8
3.1

2.6
6.2
5.2
1.3
2.0
3.2

2.1
5.2
5.0
1.3
2.0
2.3

2.2
6.6
5.4
1.1
1.9
6.7

1.9
7.0
5.0
1.1
2.1
5.7

1.9
6.4
5.5
1.2
2.1
5.8

1.9
5.5
4.8
1.2
2.7
5.6

.5
13.7
.21.2
4.2
.9
6.8
1.2
. 1.2.2
.6

.3
17.0
.21.9
4.1
1.7
7.2
1.4
.6
.4
.7
.7

.5
15.7
3.01.6
4.2
2.3
7.9
1.3
.8
.5
1.2
.3

.4
18. 1
.7
.9
2.2
1.7
9.4
1.4
1.6
.1
1.6
.3

.4
16.1
.71.4
3.7
1.6
7.8
1.3
.7
.2
.9
.5

.4
22.0
.61.5
2.2
1.8
10.7
1.5
3.3
1.6
1.3
.1

.3
22.0
.2.6
2.2
1.4
10.9
1.6
3.8
1.6
.2
.3

.7
21.8
.8
1.0
1.8
1.2
10.6
1.8
3.5
1.1
.6
.2-

1.0
20.4
2.3.9
4.0
2.3
8.8
2.0
2.2
2.4
•
.2

.6 48
21.6 49
.5--50
1.0 51
2.5 52
1.7 53
10.3 54
1.7 55
3.2 56
1.7 57
.5 58
.1 59

14.2
1.9
4.7
3.2
3.1
.3
.1
.4
.2
.2.1.1
.8

16.2
2.0
4.5
3.5
3.2
.2
.3
.4
•
.3.22.2
.6

16.2
2.0
5.0
3.1
3.0
.7
*
.5
.5
.1.21.4
.9

17.2
2.0
5. 1
3.6
3.2
1.9
.9
.8
. 1•
.2
.3
1.1

15.9
2.0
4.8
3.4
3.1
.8
.3
.5
.1
. 1. 11.0
.8

20.6
2.0
5.2
3.6
3.3
4.7
1.5
.7
2.0
.1.5
1.3
.6

20.6
1.6
5.2
3.2
3.5
6.9
1.1
.8
3.2
.9
.8
.7.9

21.0
1.9
5.2
3.5
3.4
5.8
1.7
1.0
2.4
.1.8
.3
.9

19.9
1.8
5.5
2.9
3.9
4.3
1.1
1.0
1.9
.2
.1
.3
1.1

20.5
1.8
5.3
3.3
3.5
5.4
1.4
.9
2.4
.2
.5
.3
.9

.7-

1.6-

.6-

1.3-

1.0-

1.8-

.6-

1.6-

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59

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

NET INCREASE IN LIABILITIES
DEP. IN MUTUAL SAVINGS BANKS
SAVINGS SHARES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT + EQUITY MARKET INSTR. 62
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OPEN MARKET PAPER 63
FHLB LOANS TO S. ♦ L. ASSNS. 63
SECURITY CREDIT
MISCELLANEOUS 64

DISCREPANCY (37-38)




128

1.2-

2.0
6.4
5.2
1.1
2.2
6.0

42
43
44
45
46
47

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

1.3--73

BANKING ANO NONBANK FINANCIAL

BANKING ANO NONBANK FINANCIAL

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

SAAR

1

2

4S.

SEASONALLY ADJUSTED, ANNUAL RATES

1956
3

1957
3

4

TOT.

1

2

SAAR
4

TOT.

(G) BANKING SYSTEM
1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIV. PYMTS. 51
CURRENT SURP. = GROSS SVG. (1-21

2.6
1.6
1.1

2.7
1.7
1.0

2.8
1.9
1.0

2.9
2.0
.9

2.8
1.8
1.0

3.1
2.1
1.0

3.3
2.2
1.0

3.4
2.3
1.1

3.5
2.3
1.1

3.3
2.2
l.l

1
2
3

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

1.5
.2

.9
.2

.8
.2

.5
.2

.9
.2

2.8
.2

.3
.2

.9
.2

1.2
.2

1.3
.2

4
5

1.3
10.0
.1
9.3
1.51.1
2.64.3
6.9-

.7
1.5
.1
2.3
7.8.87.04.0
11.0-

.6
3.0
.9
2.5
4.8.84.06.4
10.4-

.3
9.9
2.3
8.0
1.9
1.4
.5
4.3
3.8-

.7
6.1
.9
5.5
3.1.2
3.34.8
8.0-

2.6
16.4
1.3
14.8
6.3
1.57.8
6.8
1.0

.1
2.71.5
4.412.12.010. 15.6
15.7-

.7
10.0
1.1
7.5
4.5
.3
4.2
3.57.7

1.0
1.1
.7
.31.0.3
1.21.2•

1.1 6
6.2 7
1.2 8
4.4 9
.6-■10
.7--11
.2 12
1.9 13
1.7--14

.1
.52.2
1.7
7.5
.2.3
.3

.3
.42.1
1.7
6.5
.11.5.6

.7
.41.6
.9
5.0
.61.1.5

.3.4.9
1.2
4. 1
.5
.6.2

.2
.41.7
1.4
5.8
.1.8.4

.4
.2
.6
1.0
6.9
.6.1
.1

.7
.1
•
1.5
5.6
.2.4.5

.8
.1
.9
1.2
.2
.3.9
.5

2.2
.2
.9
.9
3.5.1
.81.4

1.0 15
.1 16
.6 17
1.2 18
2.3 19
.2--20
.1--21
.6 22

8.7
6.5
6.6
.9
1.11.3.2
.7
1.4
.71.3

.8
1.16.7•
5.6
3.3
2.4
2.6
2.1
.5
.9-

2.4
2.7.6•
2.1.4
2.52.2
2.4
.22.8

9.6
4.7
.6
.14.1
3.9
.2
2.8
2.8
.11.8

5.4
1.8
•
.2
1.6
1.6
.1
2.1
2.2
.11.2

13.7
6.2
9.6
.72.72.9.2
7.4
6.9
.5
.1-

2.87.111.41.6
2.7
2.1
.6
3.8
4.1
.3.4

9.3
1.9
5.8
.2
4.23.9.35.8
4.9
.9
1.1

.1
4.93.3.31.3.6.74.9
4.8
.1
.2-

5. 1 23
1.0--24
.2 25
.2 26
1.4--27
1.3--28
* 29
5.5 30
5.2 31
.3 32
.3 33

.1

.2

.4

.1

.2

•

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

23
24
25
26
27
28
29
30
31
32
33
34

NET FINANCIAL INVEST. (7-25)
NET ACQUIS. OF FINAN. ASSETS
GOLD AND FOREIGN EXCHANGE 52
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 42
OTHER
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 53
SECURITY LOANS
OTHER ASSETS 54

NET INCREASE IN LIABILITIES
DEM. DEP. NET + CURRENCY 55
DUE TO U.S. GOVT. 56
DUE TO REST OF THE WORLD
DUE TO OTHERS 56
DEMAND DEPOSITS. NET 55
CURRENCY
TIME DEPOSITS
DUE TO CONSUMERS
DUE TO OTHERS
OTHER LIABILITIES 57
DISCREPANCY (5-4 )

.4-

1.9-

.8

.2--34

(H) NONBANK FINANCIAL INSTITUTIONS 73
35
36
37

CURRENT SURPLUS 58
CREDITS IMPUTED TO CONSUMERS 59
GROSS SAVING (55-56) 52

7.5
6.2
1.3

8.0
7.5
.5

8.0
7.6
.4

7.8
7.1
.7

7.8
7.1
.7

8.5
7.5
1.0

7.8
7.3
.4

7.9
7.0
.8

7.9
6.3
1.5

8.0 35
7. 1 36
.9 37

38
39

GROSS INVESTMENT (39-40)
CAPITAL EXPEND. (INSUR. SECTOR)

1.5
.3

1.8
.3

1.1
.3

l.l
.3

1.4
.3

2.1
.4

1.6
.4

1.8
.4

1.8
.4

1.9 38
.4 39

40
41

NET FINANCIAL INVEST. (41-60)
NET ACQUIS. OF FINAN. ASSETS
BY SUBSECTORMUTUAL SAVINGS BANKS
S. + L. ASSNS. ♦ CR. UNIONS
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
NONINSURED PENSION FUNDS
FINANCE N.E.C.
BY TYPEDEM. DEP. AND CURRENCY
CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS 60
SECURITY CREDIT
OTHER FINANCIAL ASSETS 61

1.1
18.9

1.5
16.9

.8
17.2

.7
17.5

1.0
17.6

1.7
19.1

1.3
19.0

1.5
19.9

1.4
17.6

1.5 40
18.9 41

2.1
5.9
4.6
.8
2.1
3.3

2.2
5.5
5.5
.7
2.5
.5

1.9
5.3
5.3
.6
2.6
1.5

1.9
5.7
5.2
.6
2. 1
1.9

2.0
5.6
5.2
.7
2.3
1.8

1.9
5.8
4.9
l.l
2.9
2.4

1.9
5.3
4.9
1.1
3.0
2.9

1.6
5.3
5.3
.8
2.6
4.3

1.9
6.0
4.6
.9
2.6
1.6

•
18.5
1.01.5
3.1
1.0
9.2
2.0
2.2
.5
.1
.2

•
16.8
1.2.3
3.4
2.2
8.8
1.9
1.4
•
.1.2

.1
16.5
.5.6
4.4
.8
8.3
1.8
.9
.2
.2
.3

.7
16.1
1.8—
.7
3.9
1.8
7.5
1.6
1.3
1.0
.4
.3

.2
17.0
1.1.8
3.7
1.4
8.4
1.9
1.5
.4
.1
.2

.219.7
.4
.3
5.0
2.3
6.9
1.5
1.6
1.8
.4•1-

.8
17.6
.91.3
5. 1
1.8
6.5
1.4
1.3
1.2
.6
.1

•
19.8
.5.9
5.3
2.9
5.9
1.5
1.3
2.5
.1.1

.8
17.0
. 11.0
5.3
1.5
5.9
1.8
.6
1.1
1.0.7

.4 48
18.5 49
.3--50
.9 51
5.2 52
2. 1 53
6.3 54
1.6 55
1.2 56
1.6 57
.2--58
.2 59

17.7
1.8
5.3
3.0
3.2
2.8
1.5
1.1
.5.5
.2
.4
1.3

15.4
1.9
5.4
3.8
3.7
.9
1.1
1.1
.9•
.41.4l.l

16.3
1.7
5.5
3.8
3.8
1.0
.9
1.2
1.0.3
.4.91.4

16.6
2.0
5.5
3.8
3.3
1.4
.5
1.1
.1
.1.2.31.0

16.5
1.8
5.4
3.6
3.5
1.5
1.0
1.1
.6.2
.2.61.2

17.2
1.4
5.0
3.3
4.3
2.3
.3
1.2
.2
.3
.4
.1
.8

17.6
1.7
5.4
2.9
4.4
2.2
.7

.8
.5.1.11.0

18.3
1.6
5.0
2.7
4.4
2.4
1.2
1.2
.6.7
•
1.1
1.1

16.0
1.9
5.5
1.9
4.5
1.0
.7
1.1
2.21.4
. 1.41.6

17.3 60
1.7 61
5.2 62
2.7 63
4.4 64
2.0 65
.7 66
1.2 67
.4--68
.5 69
»
70
.1 71
1.1 72

.2-

1.3-

.7-

.4-

.6-

1.2-

1.0-

.3-

.9--73

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72

73

NET INCREASE IN LIABILITIES
DEP. IN MUTUAL SAVINGS BANKS
SAVINGS SHARES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT ♦ EQUITY MARKET INSTR. 62
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OPEN MARKET PAPER 63
FHLB LOANS TO S. + L. ASSNS. 63
SECURITY CREDIT
MISCELLANEOUS 64

DISCREPANCY (57-58)




129

1.1-

1.4

1.8
5.6
4.9
1.0
2.8
2.8

42
43
44
45
46
47

BANKING AND NONBANK FINANCIAL

BANKING ANO NONBANK FINANCIAL

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS

SAAR
1

2

4S.

SEASONALLY ADJUSTED, ANNUAL RATES

1958
3

2

1959
3

4

3.6
2.5
1.1

3.9
2.6
1.3

4. 1
2.6
1.4

4

TOT.

1

SAAR
TOT.

(G) BANKING SYSTEM
I
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIV. PYMTS. 51
CURRENT SURP. = GROSS SVG. 11-2)

3.4
2.4
1.0

3.3
2.5
.8

3.2
2.5
.6

3.2
2.6
.6

3.3
2.5
.8

3.4
2.5
.9

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

2.6
.2

1.6
.2

.4
.2

1.3
.2

1.5
.2

1.3
.3

2.4
21.6
1.220.4
18.3
3. 1
15.1
12.5
2.6

1.4
29.6
4.129.9
24.2
5.5
18.7
5.023.7

.2
8.62.11.26.12.73.43.0.3-

1. 1
18. 1
1.718.9
5.2
2.8
2.4
.83.2

1.2
15.2
2.317.0
10.4
2.2
8.2
.9
7.3

1.0
10.7
1.08.5
1.91.8
3.712.18.4

.64.4
1.75.3
10.6.1
10.71.0
11.7-

2.1
.2
1.1
.92.62.1
2.6
.2-

5.0
1.0
1.8
.2
3.0.7
4.2
.5-

2.1
1.22.5
.31.6
.1
5.7.4

1.1
.33.2
1.6
8.7
.6.6
.1

2.6
•
2.1
.2
1.2
.6
.4
.1-

.5
.1
3.0
2.9
5.2
1.32.3
.9

.5
.1
3.2
3.0
9.3
.31.01.7

19.3
7.2
6.1
.61.8
.3
1.5
13.2
5.1
8.1
1.2-

28.3
16.5
10.2
.2
6.0
6.6
.510.5
5.8
4.6
1.3

8.813.422.6.59.7
9.4
.3
3.8
5.2
1.4.8

17.0
12.3
6.8
.6
4.9
4.3
.6
4.5
5.0
.6.1

13.9
5.6
.1
. 15.6
5.1
.4
8.0
5.3
2.7
.3

9.7
4.8
1.2.4
5.6
5.2
.4
2.3
3.1
.82.4

1.6-

.8-

.7-

.7-

.4-

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

23
24
25
26
27
28
29
30
31
32
33

34

NET FINANCIAL INVEST. (7-23)
NET ACQUIS. OF FINAN. ASSETS
GOLD AND FOREIGN EXCHANGE 52
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 42
OTHER

STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 53
SECURITY LOANS
OTHER ASSETS 5^
NET INCREASE IN LIABILITIES
DEM. DEP. NET + CURRENCY 55
DUE TO U.S. GOVT. 56
DUE TO REST OF THE WORLD
DUE TO OTHERS 56
DEMAND DEPOSITS, NET 55
CURRENCY
TIME DEPOSITS
DUE TO CONSUMERS
DUE TO OTHERS
OTHER LIABILITIES 57

DISCREPANCY (3-4)

.2

.3.3

.3.3

2.7
.3

3.8
2.6
1.2

1
2
3

.8
.3

4
5

2.3
6.2
.85.7
10.31.1
11.46.05.4-

.6.9.6.48.91.87. 14.8
11.9-

.5 6
5. 1
7
1.0-• 8
4.8 9
7.9-•10
.3 11
8.2-■12
3.1-■13
5.2-■14

.3

.21.4

.3
.42.0
2.3
4.9
.7.3.3

.4 15
*
16
2.5 17
2.9 18
7.5 19
.6-■20
.2 21
1.1 22

5.0
2.72.0.3
1.01.9.9
2.0
4.2
2.25.6

3.9
3.4
4.4
.6
1.6—
1.8.2
.32.3
2.6.6

.2. 11.5
1.1.61.71.1
.5
2.2
1.7.8-

4.6 23
1.4 24
.7 25
* 26
.6 27
* 28
.6 29
1.1 30
3.0 31
1.8--32
1.9 33

1.4

1.3-

1.7

»

2.0
3.3
10.6
»

.4 34

(H) NONBANK FINANCIAL INSTITUTIONS 73
35
36
37

CURRENT SURPLUS 58
CREDITS IMPUTED TO CONSUMERS 59
GROSS SAVING (35-36) 52

8.5
7.7
.9

7.2
6.5
.7

8.8
8.2
.6

9.3
8.7
.6

8.5
7.8
.7

9. 1
8.7
.4

10.2
10.0
.1

8.8
7.4
1.4

8.7
9.2
.5-

9.2 35
8.8 36
.4 37

38
39

GROSS INVESTMENT (39-40)
CAPITAL EXPEND. (INSUR. SECTOR)

1.8
.3

2.8
.3

3.5
.3

3. 1
.3

2.8
.3

2.1
.4

2.7
.4

2.5
.4

.3.4

1.7 38
.4 39

40
41

NET FINANCIAL INVEST. (4l-60)
NET ACQUIS. OF FINAN. ASSETS
BY SUBSECTORMUTUAL SAVINGS BANKS
S. + L. ASSNS. ♦ CR. UNIONS
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
NONINSURED PENSION FUNDS
FINANCE N.E.C.
BY TYPEDEM. DEP. AND CURRENCY
CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
CORPORATE STOCK
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS 60
SECURITY CREDIT
OTHER FINANCIAL ASSETS 61

1.5
21.7

2.4
23.5

3.2
14.9

2.8
25.5

2.5
21.4

1.7
27.6

2.3
26.9

2.1
26.4

.722.5

1.3 40
25.8 41

2.8
6.2
5.1
.9
3.3
3.3

2.7
6.7
4.9
1.1
2.1
6.0

2.6
7.8
5.4
1.5
3.0
5.4-

2.4
9.2
5.3
1.5
3.2
3.9

2.6
7.5
5.2
1.2
2.9
2.0

1.7
8.8
5.0
1.8
3.3
6.9

1.8
9.7
5.9
1.9
3.6
4.0

1.4
9.4
4.5
2.5
2.4
6.2

.7
7.6
5.3
1.4
3.5
4.2

1.3
17.7
.71.5
5.2
2.0
6.9
2.2
.1
.4
1.3
1.4

1.1
20.5
1.6
1.1
6.2
3.2
7.8
2. 1
.9.41.3
.6

.5
13.9
1.2.7
3.9
1.2
8.2
2.3
.9.2.8
.2-

*
24.1
3.9
.9
3.5
2.5
9.4
2.4

.7
19.1
.9
1.1
4.7
2.2
8.1
2.2
.4.3
1.0
.6

.5
26.9
1.3
1.6
4.5
3.7
9.8
2.3
1.8
1.9
.3
. 1-

.527.2
1.6
1.4
3.6
3.0
9.6
2.5
2.5
3.0
*
.2

.1
26.4
1.6
2.2
2.4
2.2
10.1
2.5
3.6
1.8
.2.1

20.0
2.5
6.3
2.5
5.2
.1
.8
1.3
1.9—
.5
.62.1
1.4

21.0
2.4
6.1
2.8
3.7
.2
.3
2.1
2.0.3.2
4.3
1.4

11.6
2.3
6.7
3.8
4.4
1.31.11.2
1.2.4—
.2
4.6.3

22.6
2.2
7.0
4.2
4.4
3. 1
.7
1.7
.5
.2.4
.5
1.1

18.8
2.3
6.5
3.3
4.4
.5
.2
1.6
1.2.1-

25.8
1.7
6.7
3.8
4.9
5.9
.9
1.8
2.2
.21. 1
1.7
l.l

24.6
1.5
7.5
4.7
5.3
6.4
.8
1.7
1.6
1.4
.9
1.2.5

24.3
1.1
7.5
2.9
4.5
6.9
1.4
1.9
2.3
.4
.9
.31.7

.9-

2.1-

2.9-

2.5-

2.1-

1.7-

2.6-

1.1-

42
43
44
45
46
47

48
49
50
51
52
53
54
55
56
57
58
59

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

NET INCREASE IN LIABILITIES
DEP. IN MUTUAL SAVINGS BANKS
SAVINGS SHARES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT + EQUITY MARKET INSTR. 62
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OPEN MARKET PAPER 63
FHLB LOANS TO S. ♦ L. ASSNS. 63
SECURITY CREDIT
MISCELLANEOUS 64

DISCREPANCY (57-38)




130

»

1.5
.7
.7

»

.6
1.1

1.4
8.9
5.2
1.9
3.2
5.3

42
43
44
45
46
47

.5
22.0
1.61.3
3.6
3.5
9.2
2.3
2.3
1.4
.1
.1-

.2
25.6
.7
1.6
3.5
3. 1
9.7
2.4
2.5
2.0

48
49
50
51
52
53
54
55
56
57
58
59

23.3
.6
7.1
3.2
6.0
4.8
1.3
1.9
.5
.6
.4
•
1.7

24.5
1.2
7.2
3.6
5.2
6.0
1.1
1.8
1.7
.6
.8
•
1.2

.2-

♦

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

1.4--73

BANKING ANO NONBANK FINANCIAL

TABLE 4.

BANKING AND NONBANK FINANCIAL

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS
SAAR

1

2

4S.

SEASONALLY ADJUSTED, ANNUAL RATES

1960
3

1961
3

4

TOT.

1

2

SAAR

4

TOT.

(G) BANKING SYSTEM

1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIV. PYMTS. 51
CURRENT SURP. = GROSS SVG. ( 1-2)

4
5

GROSS INVESTMENT ( 5+6)
CAPITAL EXPENDITURES

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

NET FINANCIAL INVEST. (7-23)
NET ACQUIS. OF FINAN. ASSETS
GOLD AND FOREIGN EXCHANGE 52
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES.
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 42
OTHER
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 53
SECURITY LOANS
OTHER ASSETS 5^

NET INCREASE IN LIABILITIES
DEM. DEP. NET ♦ CURRENCY 55
DUE TO U.S. GOVT. 56
DUE TO REST OF THE WORLD
OUE TO OTHERS 56
DEMAND DEPOSITS, NET 55
CURRENCY
TIME DEPOSITS
DUE TO CONSUMERS
DUE TO OTHERS
OTHER LIABILITIES 57
DISCREPANCY (3-4 )

4.2
2.8
1.4

4.3
3.1
1.2

.1
.3

2.9
.2

.11.5
.63. 1
8.2.77.56.11.4-

2.7
8.0
.79.1
1.4
2.9
1.57.76.2

.5.41.2
2.3
8.3
.2
1.8.7

.8.2.3
2.1
4.3
2.0
. 1.4-

1.7
2.21.2
.82.51.61.0.4.7
l.l4.1

1.2

4.2
3.4
.9

4.2
3. 1
1.1

4. 1
3.2
.8

3.9
3.0
.9

1.5
.1

1.1
.2

2.0
.2

2.4
.2

.312.1
3.011.1
7.8
.9
6.9
15.6
8.7-

1.4
13. 1
4.315.3
9.6
.49.9
12. 1
2.2-

.9
8.7
2.19.6
2.7
.7
2.0
3.5
1.5-

1.8
15.8
1.517.1
8.2
1.9
6.4
10.9
4.5-

2.1
16.2
1.3
10.8
8.9
.2
8.7
20.0
11.3-

.623.0
.9
22.6
12.2
1.1
11.1
6.6
4.5

1.5
.6
1.5
2.92.5
2.2
1.7

2.3
.2.5
1.1
1.0
1. 1
.7
1.3

.6
.2.7
1.7
2.7
1.4
.2
.8

3. 1
. 11.1
3.2
.1
1.5
.5.6

1.3
•
1.4
1.1.1
.3
2.6
1.4

3.5
.21.8
•
5.0
.3
.1.8-

5.3
1.22.2
.33.13.0.14.7
2.4
2.2
1.6

12.4
3.3
.5.4
3.4
1.8
1.6
9.4
4.6
4.8
.4-

11.7
1.2
.5
.4
.2
1.0
.89.6
5.3
4.3
.8

7.8
.3
.9
.1.5.4. 15.8
3.3
2.5
1.5

14.0
•
2.9.6
2.2
.8
1.4
13.6
7.0
6.6
.4

14.1
3.6
I. 1.65.3
4.7
.6
9.3
6.1
3.2
1.2

1.7-

1.2

1.2-

1.5-

4.3
3.3
1.0

.1.2

»

.6-

•

3.7
2.7
1.0

.3.3

3.6
2.5
1.1

3.8
2.9
.9

1
2
3

.5
.4

1.2
.3

4
5

.1
16. 1
3.115.1
.1
2.8
2.79.06.3

.9 6
17.8 7
.6-- 8
16.4 9
7.4 10
1.5 11
5.9 12
7.1 13
1.2--14

3.2
.1
2.2
1.4
5.7
2.2
2.2
1.8

2.8 15
.1--16
1.6 17
.9 18
2.7 19
1.1 20
1.1 21
.8 22

23.6
9.4
4.8
1.35.9
5.6
.3
9.2
6.2
2.9
5.0

16.0
10.7
.2
.7
9.7
9.2
.6
5.5
6.6
I. 1.7-

16.9 23
5.9 24
.3 25
.1--26
5.8 27
5. 1 28
.7 29
9.4 30
6.5 31
2.9 32
1.5 33

1.2

.6

.2--34

IH) NONBANK FINANCIAL INSTITUTIONS 73
35
36
37

CURRENT SURPLUS 58
CREDITS IMPUTED TO CONSUMERS 59
GROSS SAVING (35-36) 52

9.2
8.6
.6

8.7
7.9
.8

9.8
8.8
1.0

8.9
7.2
1.8

9.2
8. 1
1.0

9.6
8.5
1. 1

8.7
8.0
.6

9.3
8.7
.6

9.9
9.4
.5

9.4 35
8.7 36
.7 37

38
39

GROSS INVESTMENT (39-2+O)
CAPITAL EXPEND. (INSUR. SECTOR)

2.4
.4

3.2
.4

3.9
.4

2.9
.4

3. 1
.4

3.3
.4

2.9
.4

3.4
.4

3.4
.4

3.3 38
.4 39

40
41

NET FINANCIAL INVEST. (4l-6O)
NET ACQUIS. OF FINAN. ASSETS
BY SUBSECTORMUTUAL SAVINGS BANKS
S. + L. ASSNS. ♦ CR. UNIONS
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
NONINSURED PENSION FUNDS
FINANCE N.E.C.
BY TYPEDEM. DEP. AND CURRENCY
CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS 60
SECURITY CREDIT
OTHER FINANCIAL ASSETS 61

2.0
25.4

2.8
26.0

3.5
27.4

2.5
24.8

2.7
25.9

2.9
23.6

2.5
2 8.0

3.0
30.9

3.0
33.2

2.9 40
28.9 41

.9
8.0
5.1
1.6
3.5
6.3

1.3
7.8
5.1
1.7
3.3
6.9

2.1
8.2
6.0
1.4
4.0
5.8

2.2
9.3
5.6
1.4
2.9
3.4

1.6
8.3
5.4
1.5
3.4
5.6

2.5
9.8
6.0
1.9
3.3
.1

1.8
10.2
5.7
1.8
3. 1
5.5

2.2
10.7
5.8
1.5
3.6
7.1

2.3
12.7
6.0
1.4
4. 1
6.7

2.2
10.8
5.9
1.6
3.5
4.8

45
46
47

.326.2
.7
.7
2.8
2.8
9.0
2.8
3.8
3.7
.7.2

1.6
24.5
.3
1.7
3.2
2.9
8.4
2.8
2.6
2.6
.4.2

.3
25.3
-1
2.0
4.4
3.5
9.0
2.9
2.0
1.4
.9
.9

.6
23.2
.21.4
3.6
2.9
8.8
2.8
.7
3.2

.6
24.8
.2
1.5
3.5
3.0
8.8
2.8
2.3
2.7
*
.6

1.4
20.1
•
1.6
2.6
3.0
10.0
2.7
.1
.1
.9
1.2

.8
24.1
.51.2
4.3
4.2
10.9
3.4
.2.9
2.2
1.0

1.5
29.6
3.6
1.3
3.7
3.7
10.8
3.3
.2
3.1
.4—
.2

1.4
29.5
1.2
.8
3.9
5.0
12.2
4.1
1.9
.5
1.7
.6

1.3
25.8
1.1
1.2
3.6
3.9
10.9
3.4
.5
1.2
1.1
.7

48
49
50
51
52
53
54
55
56
57
58
59

23.4
.7
7.4
3.8
4.9
5.6
1.7
1.8
.1
2.3
.31.22.3

23.1
.9
7.8
3.2
4.8
3.8
1.0
1.7
.8
.5
.1.4
2.3

23.8
1.8
8.4
3.6
5.2
1.7
1.7
1.4
1.6.5
.22.2
.9

22.1
2. 1
8.8
3.3
3.9
3.0
1.8
1.3
.4.3
•
.6
.4

23.1
1.4
8.1
3.5
4.7
3.5
1.5
1.5
.3.9
.2.5
1.5

20.6
2.1
9.1
4.0
4.5
•
.9
1.5
2.2.5.3
.3
.5

25.3
2.4
8.9
3.7
4.4
2.5
.8
1.7
.5.1
.4
2.2
1.4

27.8
1.9
9.1
3.9
4.8
5.7
.1
2.1
2.7
.2.9
1.23.5

30.2
2.2
10.5
3.5
5.9
5.1
.2
2.7
.5
.5
1.2
2.2
.8

26.0
2.1
9.4
3.8
4.9
3.3
.5
2.0
.1

1.8-

2.4-

2.9-

1.2-

2.1-

2.2-

2.3-

2.8-

42
43
44
45
46
47

48
49
50
51
52
53
54
55
56
57
58
59

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

NET INCREASE IN LIABILITIES
DEP. IN MUTUAL SAVINGS BANKS
SAVINGS SHARES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT + EQUITY MARKET INSTR. 62
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OPEN MARKET PAPER 63
FHLB LOANS TO S. + L. ASSNS. 63
SECURITY CREDIT
MISCELLANEOUS 64

DISCREPANCY (37-38)




131

»

1.0

2.9-

42
43
44

60
61
62
63
64
65
66
67
68
»
69
.7 70
.9 71
1.6 72

2.5--73

BANKING AND NONBANK FINANCIAL

BANKING ANO NONBANK FINANCIAL

TABLE 4.

SECTOR STATEMENTS OF SOURCES ANO USES OF FUNOS

CONTINUEO

IN BILLIONS OF DOLLARS

SAAR
1

2

4S.

SEASONALLY ADJUSTED, ANNUAL RATES

1962
3

1963
3

4

TOT.

1

2

SAAR
4

TOT.

(G) BANKING SYSTEM
4.0
2.8
1.2

1
2
3

.8
.3

4
5

.629.7
1.625.3
5. 1
2.5
2.6
1.64.2

.5
19.3
1.519.3
2.2
2.0
.2
1.01.3

6
7
8
9
10
11
12
13
14

3.5
.24.6
1.6
4.3
.52.5
2.1-

3.3
.2
4.3
2.7
7.6
2.2
2.4
3.5

4.5
. 14.0
2.2
6.0
.5
l.l
.4

15
16
17
18
19
20
21
2?

5.5
4.76.5.92.6
3.4
.810.2
9.6
.6
.1-

30.3
12.8
1.5
.3
11.0
10.3
.7
15.0
10.5
4.5
2.5

18.8
3.5
1.0
.1
2.4
1.6
.9
15.3
11.5
3.8
. 1-

23
24
25
26
27
28
29
30
31
32
33

I
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIV. PYMTS. 51
CURRENT SURP. = GROSS SVG. (1-2)

3.7
2.6
l.l

3.9
2.7
1.2

4.1
2.8
1.3

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

3.5
.4

1.7
.3

1.7.3

.4.2

3.2
22.2
1.722.9
9.6
5.4
4.2
9.5
5.3-

1.4
21.7
.7
22.2
.7
.3
.4
.4.8

2.03.5
3.56.8
6.4.26.211.55.3

5.0
.1
2.4
1.4
3.9
.3
2.2
1.2-

6.2
.54.7
3.1
8.2
•
2.81.6

19.1
.44.9
1.4
6.78.51.8
22.7
15.9
6.8
3.5-

20.3
6.3
3.9
.42.7
1.0
1.7
13.3
10.1
3.2
.7

2.4-

.5-

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

23
24
25
26
27
28
29
30
31
32
33
34

NET FINANCIAL INVEST. (7-25)
NET ACQUIS. OF FINAN. ASSETS
GOLD AND FOREIGN EXCHANGE 52
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 42
OTHER

STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 53
SECURITY LOANS
OTHER ASSETS 5^
NET INCREASE IN LIABILITIES
DEM. DEP. NET ♦ CURRENCY 55
DUE TO U.S. GOVT. 56
DUE TO REST OF THE WORLD
DUE TO OTHERS 56
DEMAND DEPOSITS, NET 55
CURRENCY
TIME DEPOSITS
DUE TO CONSUMERS
DUE TO OTHERS
OTHER LIABILITIES 57

DISCREPANCY (5-4)

3.0

4.3
3.0
1.3

1.7

.4

34

(H) NONBANK FINANCIAL INSTITUTIONS 73

35
36
37

CURRENT SURPLUS 58
CREDITS IMPUTED TO CONSUMERS 59
GROSS SAVING (55-36) 52

8.8
8.6
.3

10.6
9.3
1.3

10.2
9.0
1.3

10.9
9.4
1.5

10.1
9.1
1.1

35
36
37

38

GROSS INVESTMENT (39-40)
CAPITAL EXPEND. (INSUR. SECTOR)

2.2
.4

2.6
.4

4.5
.4

3.6
.4

3.2
.4

38
39

1.8
29.0

2.2
29.6

4.1
34.1

3.2
36.7

2.8
32.3

40
41

3.0
10.8
6.1
2.1
3.3
3.7

2.7
10.9
5.9
2.0
4.3
3.7

3.8
12.3
7.0
1.7
3.2
6.2

3.4
14.3
7.0
1.5
3.7
6.9

3.2
12.0
6.5
1.8
3.6
5. 1

42
43
44
45
46
47

1.1
28.3
1.0
1.5
3.3
4.4
10.6
3.7
1.9
1.8
.8.5

.132.6
.3
.8
4.9
6.1
13.7
3.5
1.9
1.5
3.8.9

.4
31.8
2.5
.8
3.8
2.3
13.8
3.5
1.7
3.4
1.9
.1

2.1
32.6
2.6
1.7
4.0
1.6
13.4
5.4
3.0
1.0
1.6
.4

.8
31.3
1.6
1.2
4.0
3.6
12.9
4.0
2.1
1.9
.3.5

48
49
50
51
52
53
54
55
56
57
58
59

27.2
2.7
10.1
4.1
4.5
4.8
.3
3.2
.21.2
.3
1.5
.3-

27.3
2.6
9.1
3.6
5.7
7.4
1.1
2.2
1.7
1.2
1.2
2.0.9

30.0
3.5
9.8
4.4
4.6
6.4
.5
1.3
.7
2.7
1.1
1.6
.2-

33.5
3.7
12.0
4.2
5.2
4.3
1.4
.8
2. 1
.8.8
2.7
1.5

29.5
3. 1
10.2
4.1
5.0
5.7
.8
1.9
l.l
1.1
.8
.9
.5

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

1.9-

1.3-

3.2-

2.1-

39

40
41
42
43
44
45
46
47

48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72

73

NET FINANCIAL INVEST. (4l-6O)
NET ACQUIS. OF FINAN. ASSETS
BY SUBSECTORMUTUAL SAVINGS BANKS
S. ♦ L. ASSNS. ♦ CR. UNIONS
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
NONINSURED PENSION FUNDS
FINANCE N.E.C.
BY TYPEDEM. DEP. AND CURRENCY
CR. AND EQUITY MKT. INSTR.
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORP. AND FOREIGN BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS 60
SECURITY CREDIT
OTHER FINANCIAL ASSETS 61
NET INCREASE IN LIABILITIES
DEP. IN MUTUAL SAVINGS BANKS
SAVINGS SHARES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
CREDIT ♦ EQUITY MARKET INSTR. 62
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OPEN MARKET PAPER 63
FHLB LOANS TO S. + L. ASSNS. 63
SECURITY CREOIT
MISCELLANEOUS 64

DISCREPANCY (37-38)




132

2.1-

73

REST OF THE WORLD

REST OF THE WORLD

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS
4S.

SAAR

1

1952
3

2

SEASONALLY ADJUSTED
4

TOT.

SAAR

ANNUAL RATES

2

1

1953
3

4

TOT.

( I ) REST OF THE WOR LD

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

19

NET PURCH. OF GOODS AND SERV. (2-3)
PURCH. OF GOODS AND SERVICES 65
SALES OF GOOOS AND SERVICES 65
NET UNILATERAL RECEIPTS FROM GOVT. 65
CURRENT SURPLUS (4-1 I 66

NET FINANCIAL INVESTMENT (7-14)
NET ACQUIS. OF FINAN. ASSETS
GOLD
U.S. DEM. DEP. AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
OTHER CREDIT MARKET INSTR. 67
MISC. FINANCIAL ASSETS 68
NET INCREASE IN LIABILITIES
OFFICIAL U.S. FOREIGN EXCHANGE
SECURITIES
LOANS 69
MISCELLANEOUS 70

DISCREPANCY (5-6 ) 71

1.3
17.4
16.1
1.5
.2

3.1
19.0
15.9
1.1
2.0-

2.8
18.3
15.5
1.9
.9—

.1
16.0
16.0
1.7
1.7

.716.4
17. 1
1.2
1.9

.21.8
2.2.2
•
.5
•
3.3

1.21.4
.4.2
.1
1.4
*
.2

1.4
2.4
•
.8
.3
1.7

1.2
2. 1
1. 1
.5.4
.7
*
.4

.3
2.0
.4.2
.2
1.1
•
.9

2.1
.2
.11.0
.9

2.6
.1.4
•8
1.5

1.0
*
.4
.6

.9
•
•
.61.5

1.7
*
.1
.4
1.1

1.8-

.3

.3

.7

«

.4-

♦

4S.

SAAR
1

1954
3

2

.1-

TOT.

1
2
3
4
5

.816.7
17.5
1.2
2.0

2.4
3.2
2.4
•
.1
.4
.2
.1

2.0
1.4
.5
.4.2
.9
.1
.1

1.5
2.7
1.2
.2.4
.4
.3
.6

1.1
1.6
.5
.41.5
.2
.3-

1.7 6
2.2 7
1.2 8
.3- 9
.6 10
.5 11
.2 12
.1 13

.9
.1.1
.8

.6.2.5•
.1

1.2
.1
.1.4
.8

.5
.3.3
.2
.3

.5 14
.1- 15
.1- 16
.2 17
.5 18

.3-

.6

.5

.3

.3 19

»

SEASONALLY ADJUSTED
4

•
16.7
16.7
1.4
1.4

.716.5
17.2
1.9
2.6

.316.5
16.7
1.8
2.1

»

SAAR

ANNUAL RATES

2

1

1955
3

.416.6
17.0
1.6
2.0

4

TOT.

.9
20.3
19.4
1.5
.6

1.1
19.4
18.3
1.5
.4

( I ) REST OF THE WORLD
1
2
3
4
5

6
7
8
9
10
11
12
13
14
15
16
17
18

19

NET PURCH. OF GOODS AND SERV. (2-3)
PURCH. OF GOODS AND SERVICES 65
SALES OF GOODS AND SERVICES 65
NET UNILATERAL RECEIPTS FROM GOVT. 65
CURRENT SURPLUS (4-1) 66

NET FINANCIAL INVESTMENT (7-14)
NET ACQUIS. OF FINAN. ASSETS
GOLD
U.S. DEM. DEP. AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
OTHER CREDIT MARKET INSTR. 67
MISC. FINANCIAL ASSETS 68

NET INCREASE IN LIABILITIES
OFFICIAL U.S. FOREIGN EXCHANGE
SECURITIES
LOANS 69
MISCELLANEOUS 70
DISCREPANCY (5-6 ) 71

.3
16.0
15.7
1.4
1.0

.4
17.3
16.8
1.4
.9

.8
17.9
17.1
1.2
.4

2.3
18.7
16.5
1.5
.7-

1.0
17.5
16.5
1.4
.4
.2
1.6
.3
.1
.6
.2
.3
.1

1.6
2.3
.2
.2
1.2
.8
•
.1-

.3.8
•
•
1.0
.3.2
.2-

.2
1.4
.7
.3.5
.3

.2

.51.9
.3
.5
.5.2
1.0
.4

.7
.2.6
.1.4

1.1
.1.2
.11.2

1.2
.5.1
.2
1.4

2.3
•
*
.9
1.3

.5-

.7

.7

«

SAAR

4S.

1

1956
3

2

.3-

1.5
18.7
17.2
1.9
.5

1.3
20.0
18.7
1.2
-1"

1
2
3
4
5

.5
1.1
.1
.3•
.6
.1
.6

.1
1.9
.1
•
.21.5
.2.7

1.7
.1.1
.1
.8
.1
.5

.8.7
*
.1.31.2
.3.4

•
6
1.4 7
*
8
.1- 9
.1- 10
1.1 11
. 1- 12
.6 13

1.4
.2.2
.2
1.1

.6
.2.4.3
.9

1.8
.1•
.7
1.1

1.6
.1.1
.4
1.2

1.6
.3.1
.1
1.6

1.4 14
.1- 15
*
16
.4 17
1.2 18

.2

.1-

.7

SEASONALLY ADJUSTED
4

.7
18.6
17.9
1.5
.8

TOT.

»

.2-

1.4

SAAR

ANNUAL RATES

2

1

1957
3

.5 19

4

TOT.

( I ) REST OF THE WORLD

I
2
3
4
5

6
7
8
9
10
11
12
13
14
15
16
17
18
19

NET PURCH. OF GOODS AND SERV. (2-3)
PURCH. OF GOODS AND SERVICES 65
SALES OF GOODS AND SERVICES 65
NET UNILATERAL RECEIPTS FROM GOVT. 65
CURRENT SURPLUS ( 4-1) 66
NET FINANCIAL INVESTMENT (7-14)
NET ACQUIS. OF FINAN. ASSETS
GOLD
U.S. DEM. DEP. AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
OTHER CREDIT MARKET INSTR. 67
MISC. FINANCIAL ASSETS 68
NET INCREASE IN LIABILITIES
OFFICIAL U.S. FOREIGN EXCHANGE
SECURITIES
LOANS 69
MISCELLANEOUS 70

DISCREPANCY ( 5-6) 71




1.4
21.4
20.0
1.3
.1-

2.6
22.6
20.0
1.6
1.0-

3.5
24.1
20.5
1.3
2.2-

4.3
24.5
20.2
1.6
2.6—

2.9
23. 1
20.2
1.5
1.5-

6.0
27.0
21.0
1.4
4.6-

5.1
26.4
21.3
1.8
3.3-

5.1
26.6
21.5
1.2
3.9-

3.5
24.9
21.3
1.4
2.1-

4.9
26.2
21.3
1.5
3.5-

.5
3.1
.1.9
.81.5
.3
1.2

1.51.2
.4•
.7
.3
.6
*

2.62.6
.7-

5.01.4
.1. 1. 1.8
.6
.3

2. 12.1
.3.2
.1.8
.5
.9

5.4.91.4.7.3
.3.9
.2

4.71.2
1.31.6
.5.4
.5
.5

4.6.4.1.2
•
1.1.7
.1-

2.31.2
.4.3.1
1.7
.3.4

4.2.3
.8.2

2.5
•
.3
.6
1.7

2.6
.3.4
.9
1.6

5.2
.3
.6
.4
3.8

* 6.4
2.2
.4
.5
3.3

4.2
.6
.4
.6
2.6

4.5
.1.5
1.0
3.1

5.9
.2
.6
.4
4.7

4.2
1.0
.4
.4
2.4

3.5
.3
.4
1.9
.9

4.5
.4
.5
.9
2.8

.4

2.3

.7

.8

1.4

.6

.1

.6-

.5

133

»

.1.7
.5
2.0

1
2
3
4
5

6
7
8
9
#
10
.2 11
.4 12
.2 13
14
15
16
17
18

.7 19

REST OF THE WORLD

REST OF THE WORLD

TABLE 4.

SECTOR STATEMENTS OF SOURCES AND USES OF FUNDS

CONTINUED

IN BILLIONS OF DOLLARS
4$.

SAAR

1

2

1958
3

SEASONALLY ADJUSTED
4

TOT.

SAAR

ANNUAL RATES

2

I

1959
3

4

TOT.

( I ) REST OF THE WORLD
I
2
3
4
5

6
7
8
9
10
ll
12
13
14
15
16
17
18
19

NET PURCH. OF GOODS AND SERV. (2-3 )
PURCH. OF GOODS ANO SERVICES 65
SALES OF GOODS AND SERVICES 65
NET UNILATERAL RECEIPTS FROM GOVT. 65
CURRENT SURPLUS <4-1 ) 66

NET FINANCIAL I NVE S TMENT (7-lA)
NET ACQUIS. OF FINAN. ASSETS
GOLD
U.S. DEM. DEP. AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
OTHER CREDIT MARKET INSTR. 67
MISC. FINANCIAL ASSETS 68
NET INCREASE IN LIABILITIES
OFFICIAL U.S. FOREIGN EXCHANGE
SECURITIES
LOANS 69
MISCELLANEOUS 70
DISCREPANCY ( 5-6) 71

1.7
22.5
20.8
1.2
.5-

1.3
22.7
21.4
1.3

1.6
22.9
21.4
1.2
• 4—

.4
22.7
22.3
1.6
l.l

1.2
22.7
21.5
1.3
.1

.821.8
22.6
1.5
2.3

1.722. 1
23.8
1.4
3.1

.523.8
24.3
1.3
1.8

•
23.8
23.9
2.0
2.0

.822.9
23.6
1.5
2.3

1
2
3
4
5

.93.3
1.5
.63.9
1.9.3
.2

.34.4
4.3
.2
.2
1.1.41.2

.83.1
1.9
.5.52.5
.3.1-

.6
3.1
1.4
.6
.2
.9
. 1*

.43.4
2.3
. 1.9
.1
. 1.3

2. 1
3.7
.4
.4
.2
1.8
.41.4

2.0
7.1
3.0
.3
1.54.1
.8
.5

2.0
5.3
.7
.6
1.33.8
.4
1.2

.7
1.8
.3
1.11.02.4
.7
.6

1.7 6
4.5 7
1.1 8
•
9
.9- 10
3.0 ll
.4 12
.9 13

4.1
.3
1.4
1.1
1.4

4.7
.2
1.4
.9
2.2

3.9
.2.8
1.6
1.7

2.5
.31.4
.7
.6

3.8
•
1.3
1.1
1.5

1.6
.7.9
1.4

5.1
1.3
.3
1.0
2.4

3.3
.1.8
.5
2. 1

1.1
.3.6
.81.6

2.8
•
.7
.2
1.9

.4

.3

.4

.6

.1

1.1

.2-

SAAR

4S.

1

2

1960
3

.4

»

SEASONALLY ADJUSTED
4

TOT.

1.3

2

1

.6 19

SAAR

ANNUAL RATES

1961
3

14
15
16
17
18

4

TOT.

( I ) REST OF THE WORLD

1
2
3
4
5

6
7
8
9
10
11
12
13
14
15
16
17
18

19

NET PURCH. OF GOODS AND SERV. (2-3 )
PURCH. OF GOODS AND SERVICES 65
SALES OF GOODS AND SERVICES 65
NET UNILATERAL RECEIPTS FROM GOVT. 65
CURRENT SURPLUS (4-1 ) 66
NET FINANCIAL INVESTMENT (7-14)
NET ACQUIS. OF FINAN. ASSETS
GOLD
U.S. DEM. DEP. AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
OTHER CREDIT MARKET INSTR. 67
MISC. FINANCIAL ASSETS 68
NET INCREASE IN LIABILITIES
OFFICIAL U.S. FOREIGN EXCHANGE
SECURITIES
LOANS 69
MISCELLANEOUS 70

DISCREPANCY (5-6 ) 71

1.5
25.2
23.7
1.5

2.3
26.3
24.0
1.6
.7-

3.3
26.7
23.4
1.5
1.8-

4.9
27.0
22.1
1.6
3.3-

3.0
26- 3
23.3
1.6
1.4-

5.4
27.5
22.1
1.6
3.8-

4.3
26.5
22.2
1.5
2.7-

4.1
27.8
23.7
1.5
2.6-

4.0
28.2
24.2
1.6
2.4-

4.5
27.5
23.1
1.6
2.9-

1
2
3
4
5

. 13.3
.2
.8.91.6
1.6
1.7

.14.0
.4
.31.0
•
.6
2.4

.74.2
2.6
.4
.9
.6.8
-1

2.13.9
3.7
.4
.3
1.3
.1
1.9-

.73.8
1.7
. 1.3
.6
.8
.6

3.62.4
1.5
.6
.1
.5
.4
.7-

1.21.8
.7.6.6
.6.9
2.1

1.84.9
.6
1.3l.i
1.1
.7
2.8

1.44.3
2.0
.7
.5
.8
. 1.2

2.03.4
.9
.1.6
.4
.5
1.1

6
7
8
9
10
ll
12
13

3.4

4. 1
.3.4
1.6
2.4

4.8

5.9
.6.6
1.9
4. 1

4.6

5.9
*
.5
2.4
3.0

3.0

6.8

5.7

5.4 14

.4.8
1.3
3.2

.6
.8
.52.0

1.4
.8
2.7
1.8

1.01.1
3.2
2.4

.3
.8
1.9
2.3

.6-

1.1-

1.2-

2

1962
3

♦

.4.9
.6
2.3

.1

SAAR

4S.

1

.4.6
1.4
3.0
.7-

SEASONALLY ADJUSTED
4

TOT.

1.5-

.2-

.8-

1.0-

1

2

.9- 19

SAAR

ANNUAL RATES

1963
3

15
16
17
18

4

TOT.

( I ) REST OF THE WORLD

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

NET PURCH. OF GOODS AND SERV. (2-3 )
PURCH. OF GOODS AND SERVICES 65
SALES OF GOODS AND SERVICES 65
NET UNILATERAL RECEIPTS FROM GUVT. 65
CURRENT SURPLUS (4-1 ) 66
NET FINANCIAL INVESTMENT (7-14)
NET ACQUIS. OF FINAN. ASSETS
GOLD
U.S. DEM. OEP. AND CURRENCY
TIME DEPOSITS
U.S. GOVT. SECURITIES
OTHER CREDIT MARKET INSTR. 67
MISC. FINANCIAL ASSETS 68
NET INCREASE IN LIABILITIES
OFFICIAL U.S. FOREIGN EXCHANGE
SECURITIES
LOANS 69
MISCELLANEOUS 70

DISCREPANCY ( 5-6) 71




3.3
27.9
24.6
1.8
1.5-

4.4
29.5
25.0
1.5
3.0-

4.1
29.4
25.3
1.5
2.6-

2.42.9
1.2
1.4
•
.7
.6.2

2.33.3
.5
.4.1
2.6
.1
.6

1.4
1.8
.9.31.2
.1
.5-

5.2
.5.6
3.1
2.0

5.6
1.1
1.1
.8
2.6

.9

.7-

134

3.8
28.9
25.L
1.6
2.2-

1
2
3
4
5

1.5
2.7
.1
.3
1.3
.7
.3
*

.82.6
.9
.1
.3
1.3
•
.1

6
I
8
9
10
11
12
13

1.5
1.7.7
.53.0

1.2
1.51.8
1.5
.6-

3.4
.61.0
1.3
1.7

14
15
16
17
18

2.6-

3.2-

1.4-

19

3.2
28.8
25.5
1.5
1.7-

SAVINGS INSTITUTIONS

SAVINGS INSTITUTIONS

TA8LE 9.

SAVINGS INSTITUTIONS SECTOR
IN BILLIONS OF DOLLARS

SAAR

1

9S,

CURRENT SURPLUS

2
3
4
5
6
7
8
9
10
11
12

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 6
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS FINANCIAL TRANSACTIONS

13
14
15
16
17
18

NET INCREASE IN LIABILITIES
DEPOSIT LIABILITIES
TIME DEPOSITS
SAVINGS SHARES
CREDIT AND EQUITY MARKET INSTRUMENTS 8
OTHER LOANS

I

2
.7

.1

.8

.4

.14.5
.1
4.4
.5.1
.1
3.5
.6
.2
.1

.7
5.3
.4
4.3
.6.6
.1
3.3
.6
.4
.2

.1
5.8
.15.7
.5
.3
.1
3.7
.7
.2
.3

.8
6.3
. 16.0
•
.4
.1
4.2
.6
.4
.2

4.7
4.4
1.4
3.0
.2
.2

4.6
4.7
1.7
3.0
.1.1-

5.7
5.7
1.9
3.8
•
*

5.5
5.4
1.8
3.6
.1
.1

9S.
I

CURRENT SURPLUS

SEASONALLY ADJUSTED

.1-

SAAR

1

1952
3

2

.1

1.0

1954
3

4

1

2

.4

.5

.4
5.5
.1
5. 1
. 1.4
.1
3.7
.6
.3
.2

.3
6.0
.1
6.1
.3
.2
.1
4.3
.5
.4
•

.5
6.5

5.1
5. 1
1.7
3.4
.1
.1

5.7
5.6
1.8
3.8
.1
.1

TOT.

SEASONALLY ADJUSTED
4

ANNUAL RATES

TOT.

1.4

.6

1953
3

SAAR

4

TOT.
.4

.2

.6

6.2
.2
.4
.1
4.6
.6
.4
.1

.2
6.2
.3
5.6
.2.2
.1
4.5
.6
.3
.4

.6
6.4
.1
5.7
.4.1
.1
4.9
.7
.3
.3

.4 2
6.3 3
.1 4
5.9 5
•
6
.2 7
8
.1
4.6 9
.6 10
.4 11
.2 12

6.0
5.9
1.9
4.0
.1
.1

6.0
5.9
1.8
4.2
.1
.1

5.7
5.7
1.7
4.0
.1
.1

5.8
5.8
1.8
4.0
.1
.1

«

1

2

1.1

1.3

.3

13
14
15
16
17
18

SAAR

ANNUAL RATES

1955
3

I

4

*

TOT.
.7

1

2
3
4
5
6
7
8
9
10
11
12

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 6
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS FINANCIAL TRANSACTIONS

.1
6.6
.5
5.6
.9.5
.1
5.0
.6
.2
.5

1.0
7.3
.1
6.6
.3.1.2
5.2
.6
.5
.3

•
6.8
.5
6.0
.9.2
.1
5.7
.5
.2
.3

1.4
8.8
.2
8.3
.7
.2.2
6.7
.6
.2
.1

.6
7.4
.3
6.6
.4.1
.1
5. 7
.6
.3
.3

1.1
8.8
.1
8.7
.1
.2•
7.5
.5
.5
•

1.3
8.9
.28.9
.1
.5.1
7.9
.6
.5
•

.3
8.4
.2
8.5
.1
.4•
7.6
.7
.4
.2-

7.4
.6
6.7
.3
.3.2
5.5
.8
.4
•1

.7
2
8.4 3
.2 4
8.2 5
.1 6
.3-■ 7
8
.1
7. 1 9
.7 10
.4 11
•
12

13
14
15
16
17
18

NET INCREASE IN LIABILITIES
DEPOSIT LIABILITIES
TIME DEPOSITS
SAVINGS SHARES
CREDIT AND EQUITY MARKET INSTRUMENTS 8
OTHER LOANS

6.5
6.5
1.9
4.7
. 1.1-

6.3
6.5
2.0
4.5
.2.2-

6.8
7.0
2.0
5.0
.2.2-

7.4
7.1
2.0
5.1
.3
.2

6.7
6.8
2.0
4.8
.1. 1-

7.7
7.1
2.0
5.2
.5
.5

7.7
6.8
1.6
5.2
.9
.8

8.0
7.1
1.9
5.2
.9
.8

7.4
7.3
1.8
5.5
.1
.1

7.7
7. 1
1.8
5.3
.6
.5

SAAR

1

2
3
4
5
6
7
8
9
10
11

9S.

CURRENT SURPLUS

12

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 6
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS FINANCIAL TRANSACTIONS

13
14
15
16
17
18

NET INCREASE IN LIABILITIES
DEPOSIT LIABILITIES
TIME DEPOSITS
SAVINGS SHARES
CREDIT AND EQUITY MARKET INSTRUMENTS 8
OTHER LOANS




1956
3

1

2

.8

.7

.3

.9
8.0
.18.0
.3
.3.1
6.5
.9
.3
.2

.7
7.7
.2
7.6
.1
.1
6.0
.6
.7
.2-

7.2
7.1
1.8
5.3
.1
.2

7.0
7.3
1.9
5.4
.3.4-

135

SEASONALLY ADJUSTED
4

TOT.

1

2

.9

.2

.4

.6

.3
7.1
.17.0
•
.2
.1
5.8
.7
.3
.3

.4
7.6
.5
7.0
.2
.2
•
5.4
.7
.5
.1

.6
7.6
.1
7.4
.2
.1
.1
5.9
.7
.4
.1

.9
7.7
.28. 1
.8
.3
.2
5.5
.6
.7
.2-

6.8
7.2
1.7
5.5
.3.4-

7.3
7.5
2.0
5.5
.2.2-

7.1
7.3
1.8
5.4
.2.2-

6.8
6.4
1.4
5.0
.4
.4

SAAR

ANNUAL RATES

1957
3

13
14
15
16
17
18

4

TOT.

.4

.6

.5

1

.2
7.2
.3
7.0
.2
.4
.1
5. 1
.5
.5
•

.4
6.9
. 17.0
.6
.5
.2
4.8
.6
.5
*

.6
7.9
.4
6.9
.21.2
.25. 1
.7
.3
.4

.5

2

7.0
7.1
1.7
5.4
.1. 1-

6.5
6.6
1.6
5.0
.1•

7.3
7.4
1.9
5.5
.1.1-

7.4 3
.1 4
7.2 5
.3 6
.6 7
8
.1
5.1 9
.6 10
.5 11
12
•

6.9
6.9
1.7
5.2
•
»

13
14
15
16
17
18

SAVINGS INSTITUTIONS

SAVINGS INSTITUTIONS

TABLE 9.

SAVINGS INSTITUTIONS SECTOR
IN BILLIONS OF OOLLARS

SAAR

I

9S.

CURRENT SURPLUS

.8

2

1958
3

.7

1.2

SEASONALLY ADJUSTED
4

l.l
10. 1
.3
9.3
.4
.6
.1
6.5
1.3
.4
.3

.9
10.5
.211.0
1.0

9.0
8.9
2.3
6.5
.1
•

9.6
8.4
1.7
6.7
1.2
1.1

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 6
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY*MARKET INSTRUMENTS?
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS FINANCIAL TRANSACTIONS

.8
9. 1
.9
6.9
1.2.9
.2
5.3
1.2
.4
1.2

.7
9.4
.2
8.7
.2
.7
.1
6.1
1.3
.2
.4

1.2
10.4
.3
10.4
1.0
.5
6.9
1.3
.5
.4-

1.9
11.5
.211.1
1.4
.2
•
7.7
1.4
.4
.2-

13
14
15
16
17
18

NET INCREASE IN LIABILITIES
DEPOSIT LIABILITIES
TIME DEPOSITS
SAVINGS SHARES
CREDIT AND EQUITY MARKET INSTRUMENTS 8
OTHER LOANS

8.3
8.8
2.5
6.3
.5.6-

8.7
8.5
2.4
6.1
.2
.2

9.2
9.0
2.3
6.7
.2
.2

9.7
9.3
2.2
7.0
.4
.4

SAAR

9S.
I

2

I960
3

CURRENT SURPLUS

1.3

.5

2
3
4
5
6
7
8
9
10
11
12

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 6
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS FINANCIAL TRANSACTIONS

1.3
8.9
.39.2
.3.2-

.5
9.0
.5
8.4
.7»

.5
10.4
.2
9.4
1.0.5

7.0
1.4
1.2
•

*
6.9
1.4
.8
.5

13
14
15
16
17
18

NET INCREASE IN LIABILITIES
DEPOSIT LIABILITIES
TIME DEPOSITS
SAVINGS SHARES
CREDIT AND EQUITY MARKET INSTRUMENTS 8
OTHER LOANS

7.6
8.1
.7
7.4
.4.3-

8.5
8.7
.9
7.8
.1.1-

1

♦

SAAR

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

13
14
15
16
17
18

.5

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 6
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
MISCELLANEOUS FINANCIAL TRANSACTIONS

.28.2
1.4
.7
.3-

SEASONALLY ADJUSTED
4

.4

TOT.

.7

4

1.6

1.1

. 1-

1.6
11.5
.512.0
1.1
.1•
8.4
1.6
.7
.1-

1.1
10.8
.411.3
.6
.2•
8.3
1.4
1.0
.1-

9.9
8.9
1.5
7.5
.9
.9

9.7
8.7
1.1
7.5
1.0
.9

2

. 18.2
.3
8.2
.6.2.1
7.2
1.3
.6
. 18.3
7.7
.6
7. 1
.6
.4

2

.9

.4

.9

I

.9 2
10.3
3
.2- 4
10.6 5
.5 6
.1- 7
*
8
8.0 9
1.4 10
.8 11
. 1- 12
9.4
8.4
1.2
7.2
.9
.8

13
14
15
16
17
18

SAAR

ANNUAL RATES

1

TOT.

1961
3

4

.9

1.2

TOT.

.9

1

7.6
1.5
.8
.8

.7
9.9
.2
9.4
.4.2
•
7.3
1.5
.8
.5

.9
12.3
.4
11.3
.6
.1
.1
8.6
1.4
.6
.6

.4
12.0
.3
11.2
.2
. 1*
9.1
1.7
.3
.2

.9
12.8
.7
11.9
.2
.3.1
9.0
2.0
.6
.3

1.2
15.0
.6
13.5
1.0
.3.1
10.0
2. 1
.6
.4

.9 2
13.1 3
.5 4
12.0 5
.5 6
. 1-- 7
.1 8
9.2 9
1.8 10
.5 11
.4 12

9.9
10.2
1.8
8.4
.4.2-

11.0
10.9
2. 1
8.8
.1
•

9.3
9.5
1.4
8.1
.2.2-

11.4
11.2
2. 1
9.1
.2
.3

11.6
11.2
2.4
8.9
.4
.4

11.9
11.0
1.9
9.1
.9
.9

13.8
12.7
2.2
10.5
1.1
1.2

12.2
11.5
2. 1
9.4
.7
.7

♦

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES

1963
3

13
14
15
16
17
18

I

2

1962
3

.8

.9

1.8

1.2

1.2

1

.9
13.6
.1
13.3
.5.6.3
10.9
2.5
.9
•

1.8
16.1
.5
15.7
.8
.5
*
11.3
2.1
1.0
•1-

1.2
17.6
1.2
15.4
.4
.5.4
11.7
2.6
1.0
.7

1.2
15.3
.6
14.5
.4
. 1.1
10.9
2.4
.8
.1

2
3
4
5
6
7

9
10
11
12

12.7
11.7
2.6
9.1
1.1
1.2

14.3
13.3
3.5
9.8
1.0
1.1

16.4
15.7
3.7
12.0
.7
.8

14. 1
13.3
3. 1
10.2
.8
.8

13
14
15
16
17
18

.8
13.8
.5
13.6
.8
.1
.19.8
2.5
.5
.3-

NET INCREASE IN LIABILITIES
13.0
DEPOSIT LIABILITIES
12.7
time DEPOSITS
2.7
10.1
SAVINGS SHARES
CREDIT AND EQUITY MARKET INSTRUMENTS 8
.3
OTHER LOANS
.3




»

1959
3

.4
11.5
.3
10.4
.3
.4
.1
7.8
1.6
.4
.6

9S.

CURRENT SURPLUS

1

.9

1.1

2
3
4
5
6
7
8
9
IO
11
12

«

TOT.

1.9

SAAR

ANNUAL RATES

136

4

TOT.

1

2

4

TOT.

8

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE 10.

SAVINGS INSTITUTIONS SUBSECTORS
IN BILLIONS OF DOLLARS

SAAR

IOS.

1

1952
3

2

SEASONALLY ADJUSTED
4

TOT.

SAAR

ANNUAL RATES

1

2

1953
3

4

TOT.

SAVINGS INSTITUTIONS SECTOR

1

CURRENT SURPLUS

.1-

.7

.1

.8

.4

.4

.5

.2

.6

.4

1

2
3
4

NET FINANCIAL INVESTMENT OF ENTIRE SECTOR
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

el4.5
4.7

.7
5.3
4.6

.1
5.8
5.7

.8
6.3
5.5

.4
5.5
5.1

.3
6.0
5.7

.5
6.5
6.0

.2
6.2
6.0

.6
6.4
5.7

.4
6.3
5.8

2
3
4

5
6
7
8
9
10
11

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
CREDIT AND EQUITY MARKET INSTRUMENTS 6
U.S. GOVT. SECURITIES
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

.11.3
1.4
.6.1
.8
.6

.2
1.9
1.3
.6.6
.7
.6

•
1.9
2.2
•
.3
.9
.6

12

NET INCREASE IN LIABILITIESSAVINGS DEPOSITS

1.4

1.7

1.9

MUTUAL SAVINGS BANKS
.2
2.0
2. 1
.4.4
1.0
.6

.1
1.8
1.7
.4.4
.9
.6

.1
1.9
2.0
•
.2
1. 1
.3

.1
2.0
2.0
.1.4
1.2
.4

.1
1.8
1.7
.3.2
1.2
.4

.1
1.8
1.6
.4.1
1.2
.4

.1 5
1.9 6
1.8 7
.2-• 8
.2 9
1.2 10
.4 11

1.8

1.7

1.8

1.9

1.8

1.7

1.8 12

SAVINGS ANO LOAN ASSOCIATIONS
13
14
15
16
17
18
19
20

21
22
23

24

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MISCELLANEOUS FINANCIAL TRANSACTIONS 2
NET INCREASE IN LIABILITIES
SAVINGS SHARES
BORROWING FROM FHLB AND BANKS 3
MEMO - FHLB LOANS LESS DEPOSITS

.2

.1
3.7
.1
3.3
.5
2.8
•
.3

2.6
2.7
.1-

3.6
3.6
*

.1
3.0
.1
2.8
.1
2.7
•
.1

.5
3.1
.1
2.8
.1
2.6

3.0
2.7
.2
.2

.3-

«

.2-

.5
3.9

13
14
15
16
17
18
19
20

3.7
.4
3.2
•
.2

.3
3.4
.1
3.2
.3
2.8
•
.2

.2
3.8
.1
3.7
.3
3.2
.2
*

.5
4.1
.1
3.9
.3
3.3
.2
•I

.1
4.1
.1
3.6
*
3.3
.2
.4

.3
4. 1
.13.8
•
3.6
.2
.3

.3
4.0
.1
3.8
.1
3.4
.2
.2

3.4
3.3
.1

3.1
3.1
-1

3.6
3.4
.1

3.6
3.6
.1

3.9
3.9
.1

3.8
3.7
.1

3.7 21
3.7 22
.1 23

.2

•

.2-

.2-

.1--24

.3

.3

.5

.4 25

»

•

. 1-

CREDIT UNIONS

25

NET INCREASE IN ASSETS AND LIAB.




.2

.4

137

.2

.5

.3

.4

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE 10,

SAVINGS INSTITUTIONS SUBSECTORS

IN BILLIONS OF DOLLARS
SAAR

IOS.

1

2

1954
3

SEASONALLY ADJUSTED

4

TOT.

ANNUAL RATES

I

2

SAAR

1955
3

4

TOT.

SAVINGS INSTITUTIONS SECTOR

1

CURRENT SURPLUS

.1

1.0

•

1.4

.6

1.1

1.3

.3

•

.7

1

2
3
4

NET FINANCIAL INVESTMENT OF ENTIRE SECTOR
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

6.6
6.5

1.0
7.3
6.3

•
6.8
6.8

1.4
8.8
7.4

.6
7.4
6.7

1.1
8.8
7.7

1.3
8.9
7.7

.3
8.4
8.0

•
7.4
7.4

.7
8.4
7.7

2
3
4

5
6
7
8
9
10
11

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
CREDIT AND EQUITY MARKET INSTRUMENTS 6
U.S. GOVT. SECURITIES
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

.2
2.1
1.9
.6.5
1.4
.5

.2
2.2
2.2
.5. 11.6
.5

.41.6
1.5
1.0.2
1.6
.4

12

NET INCREASE IN LIABILITIESSAVINGS DEPOSITS

1.9

2.0

2.0

MUTUAL SAVINGS BANKS

.5
2.6
2.7
.3
.21.9
.4

.2
2. 1
2. 1
.5.1
1.6
.4

.2
2.2
2.2
.3.22. 1
.3

.3
1.9
1.8
.3.52.1
.4

•
1.9
2.0
.2.42.2
.3

.1
1.9
2.1
. 1.32.0
.4

.2 5
2.0 6
2.0 7
.2- 8
.3- 9
2. 1 10
.4 11

2.0

2.0

2.0

1.6

1.9

1.8

1.8 12

SAVINGS AND LOAN ASSOCIATIONS
13
14
15
16
17
18
19
20
21
22
23

24

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MISCELLANEOUS FINANCIAL TRANSACTIONS 2
NET INCREASE IN LIABILITIES
SAVINGS SHARES
BORROWING FROM FHLB AND BANKS 3
MEMO - FHLB LOANS LESS DEPOSITS

.1
4. 3
.3
3.4
.33.6
.1
.5

.6
4.7
.3
4.1
.2
3.6
.1
.3

.5
5.0
.4
4.3
.1
4.1
.1
.3

.6
5.6
.1
5.4
.4
4.8
.2
.1

.5
4.9
.3
4.3
.1
4.0
.1
.3

.9
6.2
.1
6.1
.4
5.4
.1
*

.9
6.6
•
6.7
.4
5.8
.3
*

.4
6. 1
.2
6.1
.4
5.3
.4
.2-

.44.8
.5
4.2
.4
3.4
.4
.1

.5
5.9
.2
5.8
.4
5.0
.3
*

4.2
4.3
.1-

4.0
4.2
.2-

4.4
4.7
.2-

5.0
4.8
.3

4.4
4.5
. 1-

5.3
4.8
.5

5.7
4.8
.9

5.7
4.8
.9

5.2
5. 1
.1

5.5 21
4.9 22
.6 23

.6-

.5-

.4-

.2

.3-

.5

1.0

1.1

•

.7 24

.4

.4

.6

.4 25

13
14
15
16
17
18
19
20

CREDIT UNIONS
25

NET INCREASE IN ASSETS AND LIAB.




.2

.4

138

.2

.6

.4

.3

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE 10.

SAVINGS INSTITUTIONS SUBSECTORS

IN BILLIONS OF DOLLARS

SAAR

IOS.
1

2

1956
3

SEASONALLY ADJUSTED

4

TOT.

SAAR

ANNUAL RATES

1

2

1957
3

4

TOT.

SAVINGS INSTITUTIONS SECTOR
1

CURRENT SURPLUS

.8

.7

.3

.4

.6

.9

.2

.4

.6

.5

1

2
3
4

NET FINANCIAL INVESTMENT OF ENTIRE SECTOR
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.9
8.0
7.2

.7
7.7
7.0

.3
7.1
6.8

.4
7.6
7.3

.6
7.6
7. 1

.9
7.7
6.8

.2
7.2
7.0

.4
6.9
6.5

.6
7.9
7.3

.5
7.4
6.9

2
3
4

5
6
7
8
9
.0
11

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
CREDIT AND EQUITY MARKET INSTRUMENTS 6
U.S. GOVT. SECURITIES
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

.3
2. 1
2.3
.3.32.1
.5

.3
2.2
2.0
.4.1
1.8
.4

.1
1.9
2.0

.11.9
1.9

.2
2.0
2.1

.2
1.9
.4

.2
1.7
.4

•
1.9
1.9
.51.2
1.0
.4

.1 5
1.8 6
1.8 7
.3-• 8
.6 9
1.1 10
.3 11

12

NET INCREASE IN LIABILITIESSAVINGS DEPOSITS

1.8

1.9

1.7

2.0

MUTUAL SAVINGS BANKS
«

.2
1.9
1.8

.1
1.9
.4

.4
1.9
2.0
.2.3
1.3
.3

.4
1.2
.2

1.6
1.7
.1.5
.9
.3

1.8

1.4

1.7

1.6

1.9

1 .7 12

SAVINGS AND LOAN ASSOCIATIONS

13
14
15
16
17
18
19
20

21
22
23
24

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND OEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MISCELLANEOUS FINANCIAL TRANSACTIONS 2

NET INCREASE IN LIABILITIES
SAVINGS SHARES
BORROWING FROM FHLB AND BANKS 3

MEMO - FHLB LOANS LESS DEPOSITS

.6
5.5
•
5.3
.6
4.3
.4
.2

.5
5.1
.1
5.2
.5
4.1
.3
.2-

.2
4.9
•
4.7
.6
3.9
.3
.3

.2
4.9
.2
4.7
.6
3.7
.3
.1

.4
5. 1
.1
5.0
.6
4.0
.3
.1

.4
5.4
.15.6
1.0
4.2
.3
.2-

4.9
.2
4.7
.4
3.9
.3
•

.4
4.8
.14.9
.7
3.8
.3
•

.3
5.2
.2
4.7
.3
4. 1
.3
.4

.3
5. 1
.1
5.0
.6
4.0
.3
*

4.9
4.9
-1

4.6
5.0
.3-

4.7
5.1
.3-

4.7
5.0
.2-

4.7
5.0
.2-

4.9
4.6
.4

4.8
4.9
.1-

4.5
4.6
.1-

5.0
5. 1
. 1-

4.8 21
4.8 22
23
*

.5-

.2-

.2-

.6

.1

•

13
14
15
16
17
18
19
20

•

•

.3-

.1 24

.4

.5

.8

.5 25

CREDIT UNIONS

25

NET INCREASE IN ASSETS AND LIAB.




.4

.5

139

.4

.8

.5

.5

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE 10

SAVINGS INSTITUTIONS SUBSECTORS
IN BILLIONS OF DOLLARS

SAAR

IOS
2

1

1958
3

SEASONALLY ADJUSTED
4

TOT.

ANNUAL RATES

2

1

SAAR

1959
3

4

TOT.

SAVINGS INSTITUTIONS SECTOR
i

Current surplus

.8

.7

1.2

1.9

1.1

.9

1.6

1.1

. 1-

.9

1

2
3
4

NET FINANCIAL INVESTMENT OF ENTIRE SECTOR
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.8
9.1
8.3

.7
9.4
8.7

1.2
10.4
9.2

1.9
11.5
9.7

1.1
10.1
9.0

.9
10.5
9.6

1.6
11.5
9.9

1.1
10.8
9.7

. 18.2
8.3

.9
10.3
9.4

2
3
4

5
6
7
8
9
10
11

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
CREDIT AND EQUITY MARKET INSTRUMENTS 6
U.S. GOVT. SECURITIES
CORPORATE BONDS
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

.3
2.8
2.5
.6.9
1.3
.5

.3
2.7
2.7
.6.7
1.7
.7

.3
2.6
2.6
.3.5
1.6
.6

12

NET INCREASE IN LIABILITIESSAVINGS DEPOSITS

2.5

2.4

2.3

MUTUAL SAVINGS BANKS

.1
2.4
2.5
.2
.2
1.6
.5

.3
2.6
2.6
.3.6
1.5
.6

. 11.7
1.8
. 1*
1.5
.6

.4
1.8
2. 1
.1
. 11.3
.5

.2
1.4
1.5
.3.21.3
.5

•
.7
.6
.9.21.2
.5

.1
5
1.4 6
1.5 7
.3- 8
- 1- 9
1.4 10
.5 11

2.2

2.3

1.7

1.5

1.1

.6

1.2 12

SAVINGS AND LOAN ASSOCIATIONS
13
14
15
16
17
18
19
20
21
22
23

24

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MISCELLANEOUS FINANCIAL TRANSACT IONS2
NET INCREASE IN LIABILITIES
SAVINGS SHARES
BORROWING FROM FHLB AND BANKS 3

MEMO - FHLB LOANS LESS DEPOSITS

.5
5.9
.6
4.1
.63.9
.7
1.2

.6
6.5
.3
5.8
.7
4.4
.6
.4

1.1
7.4
.3
7.4
1.3
5.2
.7
.4-

1.0
7.9
. 18.2
1.2
6.2
.8
.2-

.8
6.9
.3
6.4
.7
4.9
.7
.3

.7
8.2
.28.6
1.1
6.5
.8
.3-

1.3
9.0
.39.4
1.0
7.1
1. 1
.1-

.8
8.7
.39.1
.9
7.0
.9
.1-

.17.0
•
7.0
.2
5.9
.8
. 1-

.7 13
8.2 14
.2-■15
8.5 16
.8 17
6.6 18
.9 19
.1--20

5.4
5.9
.5-

5.9
5.7
.2

6.3
6.1
.2

6.9
6.5
.4

6. 1
6.1
.1

7.5
6.3
1.2

7.7
6.8
.9

7.9
6.9
1.0

7.1
6.4
.6

7.5 21
6.6 22
.9 23

.6

.7

1.5

1.1

1.1

.6

l.l 24

6

.7 25

1.8-

.1-

.1-

CREDIT UNIONS
25

NET INCREASE IN ASSETS AND LIAB.




3

.2

,4

1.3

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE 10.

SAVINGS INSTITUTIONS SUBSECTORS
IN BILLIONS OF DOLLARS

SAAR

IOS.
1

1960
3

2

SEASONALLY ,ADJUSTED
4

TOT.

SAAR

ANNUAL RATES
2

1

1961
3

4

TOT.

SAVINGS INSTITUTIONS SECTOR
1

CURRENT SURPLUS

1.3

.5

.5

.4

.7

.9

.4

.9

1.2

.9

1

2
3
4

NET FINANCIAL INVESTMENT OF ENTIRE SECTOR
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

1.3
8.9
7.6

.5
9.0
8.5

.5
10.4
9.9

.4
11.5
11.0

.7
9.9
9.3

.9
12.3
11.4

.4
12.0
11.6

.9
12.8
11.9

1.2
15.0
13.8

.9
13.1
12.2

2
3
4

5
6
7
8
9
10
11

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
CREDIT AND EQUITY MARKET INSTRUMENTS 6
U.S. GOVT. SECURITIES
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

.2
.9
1.0
.7.21.3
.4

.3
1.3
1.0
.7•
1.4
.3

12

NET INCREASE IN LIABILITIESSAVINGS DEPOSITS

.7

.9

MUTUAL SAVINGS BANKS
.3
2.1
2.2
.5.5
1.6
.6

1.8

.1
2.2
2.2
.3.4
1.6
.5

.2
1.6
1.6
.6.2
1.5
.5

.5
2.5
2.5
.1
.1
1.7
.5

.51.8
1.7
.3.11.7
.5

.2
2.2
2.0
.1.31.6
.6

.2
2.3
2.4
.2
.31.7
.7

5
.1
2.2 6
7
2.1
.1-- 8
.1-- 9
1.7 10
.6 11

2.1

1.4

2.1

2.4

1.9

2.2

2. 1 12

SAVINGS AND LOAN ASSOCIATIONS
13
14
15
16
17
18
19
20

21
22
23
24

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MISCELLANEOUS FINANCIAL TRANSACTIONS 2

NET INCREASE IN LIABILITIES
SAVINGS SHARES
BORROWING FROM FHLB AND BANKS 3
MEMO - FHLB LOANS LESS DEPOSITS

»

.9
7.3
.27.5
.4
5.7
1.0
*

.5
7.5
.3
6.7
•
5.5
1.1
.5

7.6
.3
6.6
.46.0
1.0
.8

.2
8.6
.2
7.8
.5
6.2
1. 1
.6

.4
7.8
.1
7. 1
.1
5.9
1.0
.5

.8
9.4
.3
-8.4
.6
6.8
.9
.6

.7
9.6
.3
9.0
.5
7.5
1.2
.2

1.1
10.3
.5
9.5
.4
7.5
1.4
.3

.6
11.5
.4
10.7
.9
8.3
1.4
.4

6.4
6.9
.4-

7.0
7. 1
.1-

7.6
7.9
.4-

8.4
8.3
.1

7.4
7.6
.2-

8.6
8.3
.2

8.9
8.5
.4

9.1
8.2
.9

10.9
9.7
1.1

9.4 21
8.7 22
.7 23

. 1-

.5-

.9-

.3

.8

.9

.4 24

.7

.4

1.2

.7 25

.5-

• 5—

.2-

.8
10.2
.4
9.4
.6
7.5
1.2
.4

13
14
15
16
17
18
19
20

CREDIT UNIONS

25

NET INCREASE IN ASSETS AND LIAB.




.7

.3

141

.6

.7

.6

.4

SAVINGS INSTITUTIONS SUBSECTORS

SAVINGS INSTITUTIONS SUBSECTORS

TABLE 10.

SAVINGS INSTITUTIONS SUBSECTORS

IN BILLIONS OF DOLLARS

SAAR

IOS.

1

2

1962
3

SEASONALLY ADJUSTED
4

TOT.

SAAR

ANNUAL RATES

1

2

1963
3

4

TOT.

SAVINGS INSTITUTIONS SECTOR

1

CURRENT SURPLUS

2
3
4

NET FINANCIAL INVESTMENT OF ENTIRE SECTOR
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

5
6
7
8
9
10
11

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
CREDIT AND EQUITY MARKET INSTRUMENTS 6
U.S. GOVT. SECURITIES
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

.4
3.0
3.0
.3
.1
1.6
1.1

.1
2.7
2.7
.1.62.2
1.1

.4
3.8
3.8
.1
.5
2.6
.7

12

NET INCREASE IN LIABILITIESSAVINGS DEPOSITS

2.7

2.6

3.5

.8

.9

1.8

1.2

1.2

1

.8
13.8
13.0

.9
13.6
12.7

1.8
16.1
14.3

1.2
17.6
16.4

1.2
15.3
14. 1

2
3
4

MUTUAL SAVINGS BANKS

.33.4
3.6
.1
.52.5
1.0

.1
3.2
3.3
.1
.12.2
1.0

5
6
7
8
9
10
11

3.7

3.1

12

SAVINGS AND LOAN ASSOCIATIONS

13
14
15
16
17
18
19
20
21
22
23

24

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 7
U.S. GOVT. SECURITIES
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
MISCELLANEOUS FINANCIAL TRANSACTIONS 2
NET INCREASE IN LIABILITIES
SAVINGS SHARES
BORROWING FROM FHLB AND BANKS 3
MEMO - FHLB LOANS LESS DEPOSITS

.9
10.3
.5
10.1
.5
8.2
1.4
.3-

.2
9.8
.1
9.7
.48.7
1.4
*

1.2
11.5
.4
11.2
.7
8.7
1.5
.1-

1.3
13.2
1.3
11.2
.3
9.2
1.5
.7

.9
11.2
.6
10.6
.3
8.7
1.4
.1

13
14
15
16
17
18
19
20

9.4
9.1
.3

9.6
8.6
l.l

10.4
9.4
1.0

12.0
11.2
.7

10.3
9.6
.8

21
22
23

.4

1.3

1.2

.2

.8

24

CREDIT UNIONS

25

NET INCREASE IN ASSETS AND LIAB.




.5

1.1

142

.7

1.0

.8

25

INSURANCE

INSURANCE

TABLE 11.

INSURANCE SECTOR

IN BILLIONS OF DOLLARS
SAAR

US.

1

GROSS SAVING

2
3

GROSS INVESTMENT
CAPITAL EXPENDITURES

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

19

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENT
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
other mortgages
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY CLAIMS 3

DISCREPANCY

1
.9-

2
.8

1952
3
.1

SEASONALLY ADJUSTED

4
1.6

TOT.
.4

1
1.2

2
.9

1.3
.2

1.5
.2

1.5
.2

1.9
.2

1.6
.2

2
3

1.0
7.8
.4
7.3
.5.2
4.2
.8
1.4
1.0
.1

.8
7.0
1.0
5.9
2.0.4
4.4
.9
1.2
.8
.2

.8
8.3
.99.1
1.3
.5
4.4
.7
1.2
.6
.2

.5
7. 1
. 17.1
. 1.5
4.4
.8
.8
.7
*

.8
7.6
.1
7.4
. 3.4
4.3
.8
1.2
.8
.1

1.1
8.0
.1
7.9
.1
.4
4.3
.7
1.4
.7
-1

1.3
8.3
.18.4
.5
.9
3.8
.8
1.5
.7
.2

1.3
7.7
.3
7.3
.81.0
4.0
.8
1.5
.7
.2

1.7
8.7
.5
8. 1
.1
1.1
3.7
.9
1.4
.7
.2

1.4
8.2
.2
7.9
*
.9
3.9
.8
1.5
.7
.2

4
5
6
7
8
9
10
11
12
13
14

6.8
3.4
2.4
.9

6.2
2.7
2.6
1.0

7.5
3.8
2.7
1.0

6.6
2.7
2.8
1.1

6.8
3.2
2.6
1.0

7.0
3.0
2.9
1.0

7.0
3.2
2.9
.9

6.4
2.8
2.9
.8

7.0
3.3
3.0

6.8
3.1
2.9
.8

15
16
17
18

2.1-

.2-

.9-

.9

.6-

•

SEASONALLY ADJUSTED
TOT.
.8

1
.8

2
3

GROSS INVESTMENT
CAPITAL EXPENDITURES

DISCREPANCY

.6-

.4-

1
.4

2
.3

1.7
.3

1.7
.3

1.5
•3

1.4
.3

1.5
.3

1.2
.3

1.2
.4

1.5
.4

1.4
.4

1.3
.4

2
3

1.3
8.2
*
8.1
.31.3
3.9
.9
1.5
.6
.2

1.3
8.7
.1
8.6
1.11.5
4.0
1.2
2.0
.7
.3

1.1
7.8
.17.9
1.31.4
3.3
1.3
2.2
.8
.2

1.1
8.5
•
8.5
.4
1.1
2.3
1.0
2.3
.9
.3

1.2
8.3

.9
8.4

.8
8.2

»

♦

»

8.3
.61.3
3.4
1.1
2.0
.7
.3

8.3
.1
1.1
2.2
1.0
2.4
1.0
.4

8. 1
.3
.6
2.6
1.0
2.4
1.0
.3

1.1
8.8
.3
8.4
.6
.9
2.3
.8
2.4
l.l
.3

1.0
8.6
.1
8.4
2.11.3
3.6
1.0
3.2
1.2
.3

1.0
8.5
.1
8.3
. 31.0
2.7
.9
2.6
1.0
.3

4
5
6
7
8
9
10
11
12
13
14

6.9
3.2
3. 1
.6

7.3
3.5
3.2
.6

6.7
3.1
3.0
.6

7.4
3.6
3.2
.6

7.1
3.4
3.1
.6

7.5
3.6
3.3
.6

7.4
3.2
3.5
.7

7.7
3.5
3.4
.8

7.6
2.9
3.9
.8

7.6
3.3
3.5
.7

15
16
17
18

1.3-

1.3-

«

.3-

.7-

.4-

SEASONALLY ADJUSTED

2
1.0

1955
3
.6

4
1.1

TOT.
.9

1

.2-

.9-

IS

GROSS SAVING

1
.7

2

1

4
.7

TOT.
.5

1
.6

2
.7

1957
3
.8

2
3

GROSS INVESTMENT
CAPITAL EXPENDITURES

.8
.3

.8
.3

.5
.3

.5
.3

.7
.3

1.0
.4

1.0
.4

.1
8.0
.2
7.6
1.5.9
3.5
1.2
2.2
.9
.4

8.1
1.51.0
3.7
1.0
2.6
1.1
.2

.6
9.0
.1
8.7
1.0.7
4.5
1.3
2.0
.9
.3

7.8
3.8
3.3
.7

7.9
3.6
3.5
.7

8.3
3.3
4.3
.8

15
16
17
18
19

NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY CLAIMS 3

DISCREPANCY




.7- 19

SAAR

ANNUAL RATES

1956
3
.5

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 4
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENT
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1

. 1

1.7-

1954
3
1.4

SAAR

4
5
6
7
8
9
10
11
12
13
14

1

1.0
.2

4
1.1

19

TOT.
.9

.8
.2

GROSS SAVING

NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY CLAIMS 3

4
.3

1.0
.2

1

15
16
17
18

SAAR

1.1
.2

US

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 4
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENT
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLI GAT IONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1

1953
3
1.1

1.2
.2

SAAR

4
5
6
7
8
9
10
11
12
13
14

ANNUAL RATES

.5
7.5
.27.6
2,21.2
3.4
.7
2.9
L.l
.4

.5
8.7

8.6
.9.8
3.5
1.1
2.7
1.3
.2

.2
8.5
.18.5
1.2.9
4.2
1.0
2.5
1.2
*

7.0
3.0
3.2
.8

8.3
3.8
3.7
.8

8.3
3.8
3.8
.7

.1-

»

.7-

143

.1-

.3

.3
8.2
»

.2-

.4-

.2-

.4- 19

SAAR

ANNUAL RATES

1.3

TOT.
.8

1

.9
.4

.9
.4

1.0
.4

2
3

.7
9.0
.2
8.7
.71.0
4.5
1.2
1.6
.9
.3

.5
8.7
•
8.5
1.0.7
4.5
1.2
1.3
.9
.8

.5
8.1
*
7.9
.8.7
4.4
1.3
.8
1.0
.6

.6
8.7
.1
8.5
.9.8
4.5
1.3
1.4
.9
.5

4
5
6
7
8
9
10
11
12
13
14

8.3
2.9
4.4
1.0

8.1
2.7
4.4
1.1

7.5
1.9
4.5
1.2

8.1
2.7
4.4
1.0

15
16
17
18

.4-

.1-

4

.4

.1- 19

INSURANCE

INSURANCE

TABLE 11.

INSURANCE SECTOR

IN BILLIONS OF DOLLARS

SAAR

ns.

1
.1

2
.8-

1. 1
.3

1.1
.3

1.0
.4

.8
.4

1.2
.4

1.0
9.9
.1
9.6
.7
1.1
4.4
1.4
1.0
.9
.1

.7
10.1
.1
9.8
1.2
1.0
4.0
1.5
1.1
1.0
•

.7
9.3
.2
9.0
.3
1.0
4.2
1.3
1.1
.9
.2

.6
10.1
.2
9.8
.3
1.3
3.9
2.0
1.1
.9
.3

8.9
3.8
4.4
.8

9.4
4.2
4.4
.7

8.6
3.3
4.4
.9

9.5
3.8
4.9
.8

1.4-

1.8-

1.0-

GROSS SAVING

1
.5

2
.4

2
3

GROSS INVESTMENT
CAPITAL EXPENDITURES

.9
.3

1.0
.3

1.3
.3

.6
9.3
.4
8.7
.3.9
4.2
1.4
1.1
1.0
.5

.7
8.1
.1
7.9
.41.0
4.1
1.1
1.0
.8
.2

8.7
2.5
5.2
1.1

7.5
2.8
3.7
.9

15
16
17
18
19

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 4
DEMAND OEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENT
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1

NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY CLAIMS J
DISCREPANCY

.4-

.6-

4
. 7-

.9-

SEASONALLY ADJUSTED

SAAR

11S.

I

GROSS SAVING

I
.1

2
1.1

1960
3
1.3

4
2. 1

TOT.
1.2

1
1.0

2
3

GROSS INVESTMENT
CAPITAL EXPENDITURES

.7
.4

1.5
.4

2.1
.4

2.6
.4

1.7
.4

10.1
.11.0
3.4
1.9
1.8
1.4
.6

1.1
10.0
.2
9.7
.51.3
3.0
2.1
1.6
1.3
.9

1.7
11.3
.111.2
.11.7
3.4
2.5
1.4
1.4
.9

2.2
9.9
-1
9.7
1.01.6
3.4
2.4
1.3
1.2
.8

9.9
3.8
4.9
1.3

9.0
3.2
4.8
1.1

9.6
3.6
5.2
.8

7.7
3.3
3.9
.6

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

19

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 4
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENT
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY CLAIMS 3

DISCREPANCY

.3
10.2
»

.6-

.3-

SAAR

IIS.

I

GROSS SAVING

2
3

GROSS INVESTMENT
CAPITAL EXPENDITURES

4
5
6
7
8
9
10
11
12
13
14

15
16
17
18
19

.8-

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 4
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENT
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUNDS RESERVES
NONLIFE POLICY CLAIMS 3
DISCREPANCY




1
.4

2
1.2

1962
3
.4

2.5
.4

2.5
.4

2.1
11.5
.1
10.7
.3
1.2
3.0
2.3
l.l
1.1
1.6

2.1
12.2
.111.7
.3
1.0
4.0
3.5
1.5
1.0
.4

9.5
4.1
4.5
.9

2.0-

10.1
3.6
5.7
.8
1.3-

144

.5-

SAAR

ANNUAL RATES

TOT.
*

1

4
5
6
7
8
9
10
11
12
13
14

SEASONALLY ADJUSTED

1959
3
1.0

1958
3

TOT.
.2

1

. 1.4

.7
.4

2
3

4
.4

.4
11.4
.211.4
1.1
1.7
3.6
2.1
1.2
.9
.8

.8
9.4
. 19.3
.22.2
2.8
1.7
1.6
1.0
.2

.510. 1
•
9.9
.2.9
3.4
2.5
1.7
1.0
.5

.3
10.3
•
10.1
.2
1.5
3.4
2.1
1.4
1.0
.5

4
5
6
7
8
9
10
11
12
13
14

11.1
4.7
5.3
1.0

8.6
2.9
4.5
1.3

10.6
3.2
6.0
1.4

10.0
3.6
5.2
l.l

15
16
17
18

1.6-

.1-

.5

ANNUAL RATES

.5-■19

SAAR

2
1.1

1961
3
.6

4
.4

TOT.
.8

1

2.5
.4

2.1
.4

1.7
.4

1.5
.4

1.9
.4

2
3

1.3
10.4
.1
10.2
.41.4
3.3
2.2
1.5
1.3
.8

2.1
11.2
.3
10.3
.2
1.3
2.7
2.6
1.4
1.3
.8

1.7
10.5
.3
9.9
.91.3
3.9
2.4
1.1
1.7
.4

1.3
10.9
.2
10.8
.21.2
4.3
2.9
.9
1.3
.2

1.1
11.5
•
11.8
.6
1.3
3.7
3.1
1.0
2.0
.1

9.1
3.5
4.7
.9

9.1
4.0
4.5
.6

8.8
3.7
4.4
.7

9.6
3.9
4.8
.9

10.4
3.5
5.9
1.0

1.5-

1.0-

1.0-

.6-

SEASONALLY ADJUSTED

1.1-

ANNUAL RATES
1963
3

1.5 4
11.0 5
.2 6
10.7 7
.1-- 8
1.3 9
3.6 10
2.8 11
1. 1 12
1.6 13
.4 14
9.5
3.8
4.9
.8

15
16
17
18

1.2-■19

SAAR

4
.9

TOT.
.7

2.7
.4

2.8
.4

2.6
.4

2
3

2.3
11.9
.5
11.3
.5
1.1
3.5
2.2
1.7
1.3
.9

2.4
12.2
.3
12.5
.6
1.3
4.1
2.5
1.7
2.8
.5-

2.2
12.0
.2
11.5
.4
1.1
3.6
2.6
1.5
1.6
.6

4
5
6
7
8
9
10
11
12
13
14

9.5
4.4
4.6
.6

9.8
4.2
5.2
.4

9.7
4.1
5.0
.7

15
16
17
18

2.3-

1.9-

1.9-

19

1

2

4

TOT.

1

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF DOLLARS
12S.

SAAR

1
.9-

2

1952
3

1

GROSS SAVING

.8

.1

2
3
4
5
6

GROSS INVESTMENT
CAPITAL EXPENDITURES
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

1.2
.2
1.0
7.8
6.8

1.1
.2
.8
7.0
6.2

1.0
.2
.8
8.3
7.5

7
8
9
10
11

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
LESS
CREDITS IMPUTED TO CONSUMERS
EQUALS GROSS SAVING

.27.5
4.0
4.5
1.2-

.18.3
4.1
3.6
.5

»

8.6
4.2
4.8
.3-

12
13

GROSS INVESTMENT
CAPITAL EXPENDITURES

.7
.2

.5
.2

.5
5.0
.3

SEASONALLY ADJUSTED

4

TOT.

1

INSURANCE SECTOR
1.6
.4
1.2

.8
.2
.5
7. 1
6.6

1.0
.2
.8
7.6
6.8

1.3
.2
1.1
8.0
7.0

SAAR

ANNUAL RATES
2

1953
3

4

TOT.

.9

1.1

.3

.9

1

1.5
.2
1.3
8.3
7.0

1.5
.2
1.3
7.7
6.4

1.9
.2
1.7
8.7
7.0

1.6
.2
1.4
8.2
6.8

2
3
4
5
6

.2
8.7
4.7
4.4
.1-

7
.1
9.0 8
4.5 9
4. 1 10
.4 11

LIFE INSURANCE= COMPANIES

14
15
16

17
18
19
20
21
22
23
24
25
26
27

28

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND OEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET
INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TU 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES

DISCREPANCY (11-12)

.1
9.0
4.2
3.8
l.l

8.3
4. 1
4.2
•

•
9.2
4.3
4.2
.8

9.1
4.5
4.2
.5

.2
8.9
4.7
3.7
.7

.8
.2

.6
.2

.7
.2

.8
.2

.9
.2

.9
.2

1.1
.2

.9 12
.2 13

.3
3.9
.2

.6
5.4
.2-

.4
4.2
.2-

.4
4.6
*

.6
4.8
*

.7
4.9
.2-

.7
4.4
.2

.9
5.3
.2

.7 14
4.8 15
.1 16

4.6
.9.33.1
.2
1.4
1.0
•l

3.7
1.6.13.1
.2
1.2
.8
.2

5.5
.1
.2
3.0
.1
1.2
.8
.2

4.4
.5.1
3.2
.2
.8
.6
*

4.6
.7•
3.1
.2
l.l
.8
.1

4.7
.73.1
.1
1.4
.6
.1

5.2
•
.1
2.5
.1
1.5
.7
.2

4.2
.7.2
2.4
.1
1.5
.6
.2

5.0
.3.3
2.8
.1
1.3
.6
.2

4.8 17
.4--18
.1 19
2.7 20
.1 21
1.4 22
.6 23
.2 24

4.5
3.4
1.1

3.6
2.6
1.0

4.8
3.7
1.1

3.8
2.6
1.2

4.2
3.1
1.1

4.2
2.9
1.3

4.2
3.1
1.1

3.7
2.7
1.0

4.4
3.3
1.1

4.1 25
3.0 26
1.1 27

1.8-

.1-

1.1-

.5

.6-

»

•

.4-

.2-

1.2-

.5--28

NONINSURED PENSION PLANS 10
29
30
31
32

33
34
35
36

37

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
EQUALS CREDITS IMPUTED TO CONSUMERS
(GROSS SAVING = ZERO)
NET ACQUISITION OF FINANCIAL ASSETS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK

NET INCREASE IN LIABILITIES
PENSION FUND RESERVES

.2
1.3
.2
1.3

.2
1.5
.3
1.5

.3
1.6
.3
1.6

.3
1.6
.3
1.6

.2
1.5
.3
1.5

.3
1.7
.3
1.7

.3
1.8
.3
1.8

.3
1.8
.3
1.8

.3
1.9
.3
1.9

.3
1.8
.3
1.8

29
30
31
32

1.3

1.5
.11.1
.5

1.6
.1
1.2
.4

1.6
.1
1.0
.5

1.5

.9
.4

1.0
.5

1.7
.2
1.0
.4

1.8
.2
1.1
.5

1.8
.11.4
.6

1.9
.4
.7
.6

1.8
.2
1.1
.5

33
34
35
36

1.3

1.5

1.6

1.6

1.5

1.7

1.8

1.8

1.9

1.8 37

.4 38

♦

»

OTHER INSURANCE COMPANIES 5
38

GROSS SAVING

39
40
41
42
43
44
45
46
47

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 8
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
TRADE CREDIT 5

48
49

50

NET INCREASE IN LIABILITIES 9
NONLIFE POLICY CLAIMS
DISCREPANCY (40-41)




.3

.3

.4

.5

.4

.5

.5

.4

.4

.6
1.6
.1
1.4
.4
.5
.2
.2
.1

.5
1.6
.8
.7
.2.5
.2
.2
.1

.2
1.4
.61.9
1.2
.3
.2
.2
.1

.1
1.3
.1
1.1
.3
.4
.2
.2
.1

.4
1.5
.1
1.3
.4
.4
.2
.2
.1

.5
1.6
.1
1.5
.7
.4
.2
.2
.1

.6
1.6
.1
1.5
.2
.8
.2
.1
.1

.7
1.5
.1
1.3
.1
.9
.2
.2
.1

.8
1.5
.1
1.4
.1
.8
.2
.3
.1

1.0
.9

1.1
1.0

1.1
1.0

1.2
1.1

1.1
1.0

1.1
1.0

1.0
.9

.8
.8

.7
.7

.9 48
.8 49

.2

.4

«

*

.2-

.5-

.2--50

.3-

.2-

145

.2-

.7
1.6
.1
1.4
.3
.7
.2
.2
.1

39
40
41
42
43
44
45
46
47

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF DOLLARS

SAAR

12S.

1

1954
3

2

SEASONALLY ADJUSTED

4

TOT.

1

ANNUAL RATES

2

1

GROSS SAVING

.4

.3

1.4

INSURANCE SECTOR
.8
1.0
1. 1
.8

2
3
4
5
6

GROSS INVESTMENT
CAPITAL EXPENDITURES
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

1.7
.3
1.3
8.2
6.9

1.7
.3
1.3
8.7
7.3

1.5
.3
l.l
7.8
6.7

1.4
.3
l.l
8.5
7.4

7
8
9
10
11

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVEO
LESS
BENEFITS PAID
LESS
CREDITS IMPUTED TO CONSUMERS
EQUALS GROSS SAVING

•
8.9
4.8
4.2
. 1-

•
9.3
4.9
4.7
.2-

.3
9.7
5.0
4.2
.8

.3
9.9
5.1
4.7
.4

.1
9.4
4.9
4.5
.2

•
10.3
5.3
4.9
.2

12
13

GROSS INVESTMENT
CAPITAL EXPENDITURES

1.1
.3

1.0
.3

.8
.3

.8
.3

.9
.3

.9
.3

.7
4.9
.1

.7
5.4
.1

.4
4.7
.1-

.4
5.2
*

.6
5.0

.5
5.4

«

»

4.9
.6.5
2.5
.2
1.5
.6
.2

5.3
1.2.8
2.4
.4
1.9
.7
.3

4.7
1.3.5
2.2
.3
2.1
.7
.2

5.2
.1
.4
1.2
.2
2.3
.8
.3

5.0
.8.5
2.1
.3
2.0
.7
.3

4.2
3.2
1.0

4.7
3.5
1.2

4.2
3.0
1.2

4.7
3.6
1.2

4.5
3.3
1.2

1. 1-

1.2-

1.5
.3
1.2
8.3
7. 1

SAAR

1955
3

4

TOT.

.6

1.1

.9

I

1.5
.4
1.1
8.8
7.7

1.4
.4
1.0
8.6
7.6

1.3
.4
1.0
8.5
7.6

2
3
4
5
6

.2
10.1
5.4
4.8
.1

.2
10.2
5.5
4. 1
.8

7
.1
8
10.2
5.4 9
4.6 10
.4 11

.9
.4

1.1
.4

1.0
.4

1.0 12
.4 13

.5
5.0
•

.7
5.5
.2

.7
4.8
. 1-

.6 14
5.2 15
16
*

5.4
.2
.4
1.3
.1
2.3
.9
.3

5.0
.2•
1.6
.1
2.3
.9
.2

5.3
•
.1
1.6
.1
2.3
1.0
.2

4.9
1.9.2
2.3
•
3.1
l.l
.2

5.2 17
.5--18
.2 19
1.7 20
.1 21
2.5 22
1.0 23
.2 24

4.9
3.5
1.4

4.5
3.2
1.3

4.8
3.5
1.3

4. 1
2.8
1.3

4.6 25
3.2 26
1.3 27

1.2
.3
.9
8.4
7.5

1.2
.4
.8
8.2
7.4

LIFE INSURANCE COMPANIES

14
15
16
17
18
19
20
21
22
23
24
25
26
27

28

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET
INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES
DISCREPANCY (11-12)

.1

.4-

.7-

.7-

. 110.2
5.3
4.5
.4

.5-

.9-

.2-

.6--28

NONINSURED PENSION PLANS10
29
30
31
32
33
34
35
36

37

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
EQUALS CREDITS IMPUTED TO CONSUMERS
(GROSS SAVING = ZERO)
NET ACQUISITION OF FINANCIAL ASSETS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK

NET INCREASE IN LIABILITIES
PENSION FUND RESERVES

.4
2.0
.3
2.1

.4
2.0
.3
2.0

.4
1 .7
.4
1.8

.5
1.9
.4
2.0

.4
1.9
.4
2.0

.5
1.8
.4
1.9

.5
2.1
.4
2.1

.5
2.1
.5
2.1

.5
2.7
.5
2.7

.5
2.2
.4
2.2

29
30
31
32

2. 1
•
1.4
.6

2.0
.11.5
.6

1.8
*
1 .0
.8

2.0
.2
1.1
.7

2.0
*
1.2
.7

1.9
.1
.9
.7

2.1
.4
.9
.7

2. 1
.5
.7
.7

2.7
.2
1.3
.7

2.2
.3
.9
.7

33
34
35
36

2. 1

2.0

1.8

2.0

2.0

1.9

2.1

2.1

2.7

2.2 37

.3

.5 38

.3
1.2
•
1.1
.41. 1
.1
.3
.1

.3 39
1.1 40
«
41
1.0 42
.1--43
.8 44
.1 45
.2 46
.1 47

OTHER INSURANCE COMPANIES 3
38

GROSS SAVING

39
40
41
42
43
44
45
46
47

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT.SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
TRADE CREDIT 5

48
49
50

NET INCREASE IN LIABILITIES 9
NONLIFE POLICY CLAIMS

DISCREPANCY (40-41)




.5

.5

.6

.7

.6

.6

.6

.4

.6
1.2
•
1.2
.2
.8
.1
.1
•l

.7
1.3
•
1.2
.2
.7
.1
.2
.1

.7
1.3
•
1.3
.1
.9
.1
.2
.1

.6
1.3
•
1.3
.2
.8
.1
.2
.1

.7
1.3
•
1.3
.2
.8
.1
.2
.1

.4
1.1
1.0
. 1.7
.1
.2
.1

.3
1.1
•
.9
.1
.6
.1
.2
.1

.4
1.2
•
1.1
.1
.8
.1
*
.1

.6
.6

.6
.6

.6
.6

.7
.6

.6
.6

.7
.6

.8
.7

.8
.8

.9
.8

.8 48
.7 49

.1-

.1-

.1-

«

. 1-

.3

.2

.1

•

.1 50

146

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF OOLLARS

12S.

SAAR
l

1956
3

2

SEASONALLY ADJUSTED

4

TOT.

1

INSURANCE SECTOR
.7
.5
.6

ANNUAL RATES

SAAR

1957
3

4

.7

.8

1.3

.8

1

1.0
.4
.7
9.0
8. 3

.9
.4
.5
8.7
8.1

.9
.4
.5
8.1
7.5

1.0
.4
.6
8.7
8.1

2
3
4
5
6

2

TOT.

1

GROSS SAVING

.7

.1

.5

2
3
4
5
6

GROSS INVESTMENT
CAPITAL EXPENDITURES
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.8
.3
.5
7.5
7.0

.8
.3
.5
8.7
8.3

.5
.3
.2
8.5
8.3

7
8
9
10
11

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
LESS
CREDITS IMPUTED TO CONSUMERS
EQUALS GROSS SAVING

.110.2
5.6
4. 1
.5

.110.7
5.8
4.9
•

.2
11.0
5.9
4.9
.5

.2
11.6
6.2
4.9
.8

•
10.9
5.9
4.7
.4

11.4
6.3
4.5
.7

11.5
6.6
4.3
.8

.2
11.8
6.8
4.4
1.0

.2
11.8
7.0
3.7
1.4

7
.1
11.6 8
6.7 9
4.2 10
1.0 11

12
13

GROSS INVESTMENT
CAPITAL EXPENDITURES

.7
.3

.6
.3

.8
.3

.8
.4

1.0
.4

1.3
.4

1.3
.4

1.1 12
.4 13

.9
4.6
•

.7 14
4.9 15
16
*

.5
.3
.1
8.0
7.8

.7
.3
.3
8.2
7.9

1.0
.4
.6
9.0
8.3

LIFE INSURANCE COMPANIES

14
15
16

17
18
19
20
21
22
23
24
25
26
27

28

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS ANO CURRENCY
CREDIT AND EQUITY MARKET
INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1

NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES

DISCREPANCY

(11-12)

.9
.3

.9
.3

»

.5
4.6
.1-

.6
5.5
*

.4
5.3
.1-

.3
5.2
.2

.5
5.2
*

.4
4.9
.1-

.6
4.9
.1

.9
5. 3

4.8
2.2.4
2.3
2.8
1.1
.4

5.4
.5•
1.8
2.6
1.2
.2

5.4
.8.2
2.5
2.4
l.l
.1-

5.0
.5.2
1.9
*
2. 1
.9
.4

5.1
1.0.2
2.1
•
2.5
I. 1
.2

5.0
.5.12.4
.1
1.9
.9
.3

4.8
.6.2
2.5
1.5
.9
.3

5.2
.5.1
2.6
.1
1.3
.9
.8

4.6
.4.2
2.6
•
.6
1.0
.6

4.9 17
.5--18
. 1 19
2.5 20
•
21
1.3 22
.9 23
.5 24

4. 1
3.0
1.1

4.9
3.7
1.2

4.9
3.7
1.2

4.9
3.7
1.2

4. 7
3.5
1.2

4.5
3.2
1.3

4.3
2.8
1.5

4.4
2.6
1.8

3.7
1.8
1.9

4.2 25
2.6 26
1.6 27

.1

. 1--28

.4-

.9-

.3-

.1

.4-

. 1-

#

.3-

.2-

NONINSURED PENSION PLANS 10
29
30
31
32

33
34
35
36
37

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
EQUALS CREDITS IMPUTED TO CONSUMERS
(GROSS SAVING = ZERO)
NET ACQUISITION OF FINANCIAL ASSETS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
NET INCREASE IN LIABILITIES
PENSION FUND RESERVES

.5
2.5
.5
2.5

.6
2.6
.6
2.6

.6
2. 1
.6
2. 1

.6
2.3
.5
2.3

.6
2.9
.6
2.9

.7
2.9
.6
3.0

.7
2.5
.6
2.6

.7
2.6
.7
2.6

.7
2.7
.6
2.8

2.1
.2
l.l
.6

2.5
. 11.6
.9

2.6
.11.7
.9

2. 1
. 71.7
l.l

2.3
.21.5
.9

2.9
.51.9
1.1

3.0
.1
1.8
1.1

2.6
.21.7
1.0

2.6
.21.6
l.l

2.8 33
.2--34
1.8 35
1.1 36

2.1

2.5

2.6

2. 1

2.3

2.9

3.0

2.6

2.6

2.8 37

OTHER INSURANCE COMPANIES

38

GROSS SAVING

.2

.1

•

•

.1

39
40
41
42
43
44
45
46
47

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 8
U.S. GOVT.SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
TRAOE CREDIT 5

. 1.8
.1.7
.2.8
•
.1
.L

.1.7
. 1.7
.3.8
.1
.1

.2.6
.1.5
.3.6
•
.1
.1

.2.6
. 1.6
.2.7
•
.1
.1

. 1.7
. 1.6
. 3.7
•
.1
.1

.9
.8

.8
.8

.8
.7

.8
.7

.8
.7

.9
.8

.3

.2

.2

.1

.2

.4-

48
49
50

NET INCREASE IN LIABILITIES 9
NONLIFE POLICY CLAIMS
DISCREPANCY (40-41)




29
30
31
32

.5
2.1
.5
2.1

147

.2.2
1.1
•
1.0
. 1.8
.2
.1
.2

5

.2-

.2-

. 1-

.2--38

l.l
•
.9
.2.8
.2
.1
.2

.4.8
*
.6
.3.6
.2
.1
.2

.4.9
•
.7
. 1.5
.2
.1
.2

. 1--39
1.0 40
• 41
.8 42
.2--43
.7 44
.2 45
. 1 46
.2 47

1.0
1.0
.2-

1.2
l.l

1.3
1.2

.2

.3

1.1 48
1.0 49
•

50

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF DOLLARS

12S.

SAAR
I

2

1958
3

SEASONALLY ADJUSTED
4

TOT.

1

GROSS SAVING

.5

.4

2
3
4
5
6

GROSS INVESTMENT
CAPITAL EXPENDITURES
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.9
.3
.6
9.3
8.7

1.0
.3
.7
8.1
7.5

1.3
.3
1.0
9.9
8.9

7
8
9
10
11

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
LESS
CREDITS IMPUTED TO CONSUMERS
EQUALS GROSS SAVING

.312.0
7.1
4.2
.4

.512.1
7.2
4.3
.2

.512.4
7.3
5.1
.3-

12
13

GROSS INVESTMENT
CAPITAL EXPENDITURES

1.2
.3

.9
.3

.7
.3

.3
.3

.8
.3

.9
5.1
.2

.6
4.9
*

.3
5.4
•

•
5.3
.1

4.9

.2
2.3
.1
.9
.9
.5

4.9
.1.4
2.6
.1
.9
.7
.2

5.4
.5
.3
2.6
.1
.9
.9
.1

4.2
2.4
1.8

4.3
2.7
1.6

5.1
3.7
1.4

.1-

1

INSURANCE SECTOR
.7.1
*
1.1
.3
.7
10.1
9.4

1.1
.3
.7
9.3
8.6

1.0
.4
.6
10.1
9.5

ANNUAL RATES

SAAR

2

1959
3

4

.8-

1.0

.4

.8
.4
.4
11.4
11.1

TOT.

.2

1

1.2
.4
.8
9.4
8.6

.1.4
.510. 1
10.6

.7
.4
.3
10.3
10.0

2
3
4
5
6

.113.0
7.6
4.9
.6

•
13.2
7.8
5.6
.1-

.313.0
7.5
5.5
.3-

7
8
9
10
11

LIFE INSURANCE COMPANIES

14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET
INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1

»

NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES

.8-

DISCREPANCY (11-12)

.7-

1.0-

.612-1
7.3
5.4
1.0-

.412.2
7.2
4.8
.2-

.612.9
7.4
5.3
.3-

.512.9
7.4
6.3
1.3-

.1
.4

•
.4

•
.4

*
.4

.4
5.2
.1

.35.0
*

.45.9
.2-

.44.5
.1-

.45.3
*

.4- 14
5.2 15
.1- 16

5.3
.2
.4
2.7
.1
1.0
1.0
•

5. 1
.2
.3
2.6
.1
.9
.9
.2

5.0
.2.5
2.5
.2
.9
.8
.3

6.1
.2
.7
2.3
.1
1.0
.8
.8

4.6
.6.5
1.7
.2
1.4
1.0
.2

5.2
.6.3
2.2
.2
1.5
l.l
.5

5.2 17
.3-■18
.5 19
2.2 20
.2 21
1.2 22
.9 23
.5 24

5.4
4.2
1.2

4.8
3.3
1.5

5.3
3.7
1.6

6.3
4.6
1.7

4.9
2.8
2.1

5.6
3.1
2.5

5.5 25
3.5 26
2.0 27

1.4-

.9-

.5-

1.2-

.6

. 1-

•
12
.4 13

.3-•28

NONINSURED PENSION PLANS10

29
30
31
32

33
34
35
36

37

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
EQUALS CREDITS IMPUTED TO CONSUMERS
(GROSS SAVING = ZERO)
NET ACQUISITION OF FINANCIAL ASSETS f
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
NET INCREASE IN LIABILITIES
PENSION FUND RESERVES

.7
3.3
.7
3.3

.8
2.0
.7
2.1

.8
2.9
.7
3.0

.9
3. 1
.7
3.2

.8
2.8
.7
2.9

.9
3.2
.8
3.3

.9
3.5
.8
3.6

.9
2.3
.9
2.4

1.0
3.4
.9
3.5

.9
3.1
.9
3.2

29
30
31
32

3.3
*
1.7
1.4

2.1
.31.3
1.1

3.0
.11.6
1.3

3.2
.5
1.2
1.4

2.9
•
1.4
1.3

3.3
.1
1.2
1.6

3.6
.5
1.2
1.7

2.4
.1
1.0
1.2

3.5
.2
1.1
1.9

3.2
-2
1.1
1.6

33
34
35
36

3.3

2.1

3.0

3.2

2.9

3.3

3.6

2.4

3.5

3.2 37

.5

.4 38

OTHER INSURANCE COMPANIES 3
38

GROSS SAVING

.1

39
40
41
42
43
44
45
46
47

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
TRADE CREDIT 5

• 3—
.9
.1

48
49
50

NET INCREASE IN LIABILITIES 9
NONLIFE POLICY CLAIMS

DISCREPANCY (40-41)




8

.2

.3

.4

.2

.4

.4

.5

.1
1.1
.1
.9
*
.7
.2
•
.1

.6
1.5
.1
1.3
.3
.8
.2
•
.1

.8
1.5
.1
1.3
.5
.6
.2
•
.1

.3
1.2
.1
1.0
.1
.7
.2
•
.1

.9
1.8
•
1.6
.3
.8
.1
.3
.2

.8
1.9
•
1.8
.3
1.0
.1
.3
.2

1.2
2.5
•
2.3
.3
1.6
.1
.3
.2

.21.4
•
1.2
.3
.6
.1
.3
.2

.7
1.9
•
1.7
.3
1.0
.1
.3
.2

1.2
1.1

1.0
.9

.8
.8

.8
.7

.9
.9

.9
.8

l.l
1.0

1.4
1.3

1.5
1.4

1.2 48
1.1 49

.4

.1

.4-

.4-

.1-

.5-

.6

.2--50

.3.7
.2
•
.1

148

.4-

.7-

39
40
41
42
43
44
45
46
47

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF DOLLARS
12S.

SAAR
1

1960
3

2

SEASONALLY ADJUSTED
4

TOT.

1

2

INSURANCE SECTOR
1.0
2.1
1.2
l.l

4

TOT.

.6

.4

.8

I

1.5
.4
1.1
11.5
10.4

1.9
.4
1.5
11.0
9.5

2
3
4
5
6

.2
13.9
8.7
4.9
.7

.2
13.7
8.8
5.0
.2

.1
14.3
9.3
5.2
.1-

.2 7
13.9 8
8.8 9
5.0 10
.3 11

1.2
.4

1.2
.4

1.2
.4

1.2
.4

1.2 12
.4 13

GROSS SAVING

.1

1.1

1.3

GROSS INVESTMENT
CAPITAL EXPENDITURES
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.7
.4
.3
10.2
9.9

1.5
.4
1.1
10.0
9.0

2.1
.4
1.7
11.3
9.6

7
8
9
10
11

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVEO
LESS
BENEFITS PAID
LESS
CREDITS IMPUTED TO CONSUMERS
EQUALS GROSS SAVING

.312.8
7.9
5.0
.3-

.113.3
8.0
4.6
.6

.1
13.6
8.2
4.8
.7

.2
13.7
8.3
4.2
1.6

•
13.3
8.1
4.6
.7

.3
13.8
8.5
5.1
.5

12
13

GROSS INVESTMENT
CAPITAL EXPENDITURES

1.6
.4

1.9
.4

1.2
.4

1.7
.4
1.3
10.4
9. 1

1961
3

1.7
.4
1.3
10.9
9.6

1

2
3
4
5
6

2.6
.4
2.2
9.9
7. 7

SAAR

ANNUAL RATES

2.5
.4
2.1
11.2
9.1

2.1
.4
1.7
10.5
8.8

LIFE INSURANCE COMPANIES

14
15
16

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

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET
INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1
NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES

DISCREPANCY (11-12)

.4
.4

.9
.4

•
5.1
.1-

.5
5.1
.2

1.2
6.0
.1-

1.5
5.6
.1

.8
5.4
*

.8
6.0
.2

.8
5.7
.1

.8
5.8
.1

.8
6.0
.2-

.8 14
5.9 15
.1 16

5.1
.6.1
1.9
.2
1.6
1.4
.6

4.9
.8.3
1.7
.3
1.4
1.3
.9

6.1
.3.8
1.6
.5
1.1
1.3
.9

5.5
.1
.4
1.6
.5
1.1
1.2
.8

5.4
.4.4
1.7
.4
1.3
1.3
.8

5.8
.1.3
1.9
.4
1.1
1.3
.8

5.5
.3.3
2.4
.2
1.0
1.6
.4

5.7
.3.2
3.0
.4
.8
1.3
.3

6.2
.4.4
2.6
.8
.8
1.9
.1

5.8 17
.3--18
.3 19
2.5 20
.5 21
.9 22
1.5 23
.4 24

5.0
3.7
1.4

4.6
3.1
1.5

4.8
3.5
1.3

4.2
3.2
1.0

4.6
3.4
1.3

5.1
3.9
1.2

4.9
3.6
1.3

5.0
3.8
1.2

5.2
3.4
1.8

5.0 25
3.7 26
1.4 27

1.0-

1.3-

.8-

.3-

.8-

.3-

.6-

.7-

.5-

.9--28

NONINSURED PENSION PLANS 10

29
30
31
32

33
34
35
36
37

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
EQUALS CREDITS IMPUTED TO CONSUMERS
(GROSS SAVING = ZERO)
NET ACQUISITION OF FINANCIAL ASSETS J
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
NET INCREASE IN LIABILITIES
PENSION FUNO RESERVES

1.0
3.5
1.0
3.5

1.0
3.2
1.0
3.3

1.1
3.8
1.0
4.0

1.2
2.8
1.0
2.9

1.1
3.3
1.0
3.4

1.1
3.2
1.0
3.3

1.2
3.0
1.1
3.1

1.3
3.5
1.2
3.6

1.3
4.0
1.2
4.1

1.2
3.4
1.1
3.5

29
30
31
32

3.5
.3
1.3
1.6

3.3
.2
1.1
1.7

4.0
.2
1.7
1.8

2.9
.71.6
1.8

3.4
*
1.4
1.7

3.3
.3
.7
1.9

3.1
.51.4
1.9

3.6
1.2
2.2

4. 1
.7
1.0
2.0

3.5
.1
1.1
2.0

33
34
35
36

3.5

3.3

4.0

2.9

3.4

3.3

3.1

3.6

4. 1

3.5 37

«

OTHER INSURANCE COMPANIES J

38

GROSS SAVING

39
40
41
42
43
44
45
46
47

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 8
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
TRADE CREDIT 5

48
49

50

NET INCREASE IN LIABILITIES 9
NONLIFE POLICY CLAIMS

DISCREPANCY (40-41)




.4 38

.5

.5

.5

.5

.5

.5

.5

.4

.4

.3
1.6
1.5
.3
.9
.1
.1
.2

.5
1.7
1.5
.2
1.0
.2
.1
.2

.5
1.4
1.2
.1.9
.2
.2
.2

.7
1.4
•
1.3
.31.2
.2
.2
.2

.5
1.5
•
1.4
•
1.0
.2
.2
.2

1.2
1.9
•
1.3
. 11.0
.1
.3
.6

.9
1.8
•
1.4
*
1.0
.1
.3
.4

.4
1.5
•
1.5
.1
1.0
.1
.3
.1-

.2
1.4
•
1.6
.3
.9
.1
.3
.3-

1.4
1.3

1.1
1.1

.9
.8

.7
.6

1.0
.9

.7
.6

.8
.7

1.0
.9

l.l
1.0

.9 48
.8 49

•

.2-

•

.8-

.5-

•

.2

.3--50

.2

•

1U9

.7
1.6
*
1.4
.1
1.0
.1
.3
.2

39
40
41
42
43
44
45
46
47

INSURANCE SUBSECTORS

INSURANCE SUBSECTORS

TABLE 12.

INSURANCE SUBSECTORS

IN BILLIONS OF DOLLARS

12S.

SAAR

1

2

1962
3

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

2

1963
3

4

TOT.

INSURANCE SECTOR
.9
.7

1

GROSS SAVING

.4

1.2

.4

2
3
4
5
6

GROSS INVESTMENT
CAPITAL EXPENDITURES
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

2.5
.4
2.1
11.5
9.5

2.5
.4
2.1
12.2
10. 1

2.7
.4
2.3
11.9
9.5

7
8
9
10
11

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
LESS
CREDITS IMPUTED TO CONSUMERS
EQUALS GROSS SAVING

.1
14.1
9.1
5.1

.1
14.4
9.0
4.9
.7

el
14.9
9.4
5.7
*

.2
15.4
9. 7
5.6
.4

.1
14.7
9.3
5.3
.3

7
8
9
10
11

12
13

GROSS INVESTMENT
CAPITAL EXPENDITURES

1.3
.4

1.4
.4

1.7
.4

1.8
.4

1.6
.4

12
13

.9
6.1
. 1-

1.0
5.9
.1-

1.3
7.0
.3

1.4
7.0
.1

1.2
6.5
.1

14
15
16

6. 1
.2
.4
1.8
.4
.6
1.1
1.6

6.0
.1.1
2.6
.8
1.2
.9
.5

6.7
.1
.1
2.6
.2
1.5
1.3
.9

6.9
.1.12.8
.4
1.5
2.8
.5-

6.4
•
.1
2.4
.4
1.2
1.5
.6

17
18
19
20
21
22
23
24

5.1
4.0
1. 1

4.9
3.5
1.4

5.7
4.3
1.4

5.6
4. 1
1.5

5.3
4.0
1.4

25
26
27

1.4-

1.3~

28

2.8
.4
2.4
12.2
9.8

2.6
.4
2.2
12.0
9.7

2
3
4
5
6

LIFE INSURANCE COMPANIES

14
15
16

17
18
19
20
21
22
23
24
25
26
27

28

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
OEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET
INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
OTHER LOANS 1

NET INCREASE IN LIABILITIES
LIFE INSURANCE RESERVES
PENSION FUND RESERVES

DISCREPANCY

(11-12)

1.3-

.6-

1.8-

NONINSURED PENSION PLANS 10
29
30
31
32
33
34
35
36
37

INVESTMENT INCOME LESS OPERATING EXPEND.
PLUS
PREMIUMS RECEIVED
LESS
BENEFITS PAID
EQUALS CREDITS IMPUTED TO CONSUMERS
(GROSS SAVING = ZERO)
NET ACQUISITION OF FINANCIAL ASSETS 7
U.S. GOVT. SECURITIES
CORPORATE BONDS
CORPORATE STOCK
NET INCREASE IN LIABILITIES
PENSION FUND RESERVES

1.3
3.3
1.3
3.3

1.4
4.3
1.3
4.3

1.4
3.1
1.4
3.2

1.4
3.7
1.4
3.7

1.4
3.6
1.3
3.6

29
30
31
32

3.3
.1
1.0
1.7

4.3
.3
1.2
2.5

3.2
.3
.8
1.8

3.7
.4
1.1
1.9

3.6
.3
1.0
2.0

33
34
35
36

3.3

4.3

3.2

3.7

3.6

37

OTHER INSURANCE COMPANIES 5
38

GROSS SAVING

39
40
41
42
43
44
45
46
47

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS 8
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
TRADE CREDIT 5

48
49
50

NET INCREASE IN LIABILITIES 9
NONLIFE POLICY CLAIMS

DISCREPANCY (40-41)




.4

.4

.5

.5

.5

38

1.1
2.1
•
1.3
.8
.2
.2
.8

1.1
2.0
•
1.2
•
.8
.2
.2
.7

1.0
1.7
•
1.5
.1
1.0
.2
.2
.2

1.0
1.5
•
2.1
.3
1.4
.2
.2
.6-

1.0
1.8
•
1.5
.1
1.0
.2
.2
.3

39
40
41
42
43
44
45
46
47

1.0
.9

.9
.8

.7
.6

.5
.4

.8
.7

48
49

.7-

.5-

.5-

.6-

50

»

.7-

150

FINANCE N.E.C

FINANCE N.E.C

TABLE 13.

FINANCE N.E.C. SECTOR

IN BILLIONS OF DOLLARS

SAAR

1

13S,

CURRENT SURPLUS (GROSS SAVINGI 5

.1-

.1-

.1-

.1-

.1-

.5
5.0
.1
4.7
3.7
.3.6.2.1
1.9
.1
.2

.1
.8.2.94.4.41.0
1.5
•
1.0
.5
.3

.7
5.6
.15.5
1.3
.1
.2
.4
.2
2.5
.8
.2

.4
2.9
•
2.8
.5
.2.2
.5
.1
1.5
.2
.1

•
2.9
.22.4
.5•
•
.5
.22.6
•
.7

.12.0
.11.2
.9.1.1.4
.2
1.5
.3
.8

.14.2
•
4.2
1.2
.1
.2
.5
.2
1.2
.9
•

.5
1.4
.3
.8
•
.8
.2.11.0
.7.3

.1 2
2.6 3
•
4
2.1 5
.1- 6
.2 7
.1-■ 8
.3 9
•
10
1.6 11
.1 12
.5 13

4.5
2.1
.3
.7
.2
.8
1.9
.5

.91.7
.1
.6
.6
.4
2.5.1-

4.9
3.6
.6
.5
2.4

2.5
1.9
.3
.6
.7
.4
.4
.2

2.9
2.7
1.0
.5
1.3
.2.1
.1

2.1
2.5
2.4
.6
.1.3.5»

4.3
2.5
1.5
.4
.2.7
1.7
.2

.9
.4
.7
.3
1.2.6
.3
.1

2.5
2.0
1.4
.4
•
.2
.4
.1

1.6
.3
»
.6
.4.2
.8
.5
4

2

.3-

.6-

SAAR

14
15
16
17
18
19
20
21

NET INCREASE IN LIABILITIES
CREDIT AND EQUITY MARKET INSTRUMENTS
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDIT J
MISCELLANEOUS FINANCIAL TRANSACTIONS

4

DISCREPANCY (1-2)

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS ANO CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT

NET INCREASE IN LIABILITIES
CREDIT AND EQUITY MARKET INSTRUMENTS 2
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDIT 3
MISCELLANEOUS FINANCIAL TRANSACTIONS 4
DISCREPANCY (1-2)




.5-

.1-

SEASONALLY ADJUSTED
4

.1

»

.6-

.2- 22

SAAR

ANNUAL RATES
1955
3

14
15
16
17
18
19
20
21

4

1

2

.2-

.2-

.2-

.2-

.2-

.2- 1

.6.2
•
•
1.0
.3.2.1.3
• 3—
.4.2

.1
2.7
.2
1.9
1.2
.1
.2
.2
.1
.2
.1.7

•4
3.1
.1
1.8
.9.1
.7
.9
.1
.6
.3
1.2

.7
3.2
.3
1.3
. 4—
.4.1
.5
.4
1.3
.21.6

.1
2.3
.1
1.3
.2
.1.2
.4
.2
.4
.1.9

1.2
6.7
.3
5.1
.8.2
.1
.8
.7
2.8
1.2
1.3

.1
5.7
.5
5.1
.6»
.1
.4
•6
3.3
1.3
.2

.5
5.8
.3
4.9
.1
•1
.2.4
.7
3.1
.7
.6

.8
5.6
.3
5.3
.4.3.7
1.1
.2
1.9
2.1
•

.7 2
6.0 3
.3 4
5.1 5
.4-- 6
•
7
.2 8
.7 9
.6 10
2.8 11
1.3 12
.5 13

.8
.4
.1
.4
.1
.2.1
.3

2.6
.4
.3
.4
•
.32.2
•

2.8
1.0
•
.5
.5
.11.4
.4

2.5
1.6
.9
.8
.2•
.3
.6

2.2
.8
.3
.5
.1
.11.0
.3

5.5
4.1
1.5
.7
2.0
.11.3
•

5.6
6.0
1.1
.8
3.1
.9
.7.3

5.3
4.9
1.7
1.0
2.3
.1.3
.1

4.8
4.3
1.1
1.0
1.9
.2
.3
.3

5.3
4.8
1.4
.9
2.3
.2
.3
.2

.2-

.6-

.9-

.3-

1.4-

.4-

.7-

.5

13S.

CURRENT SURPLUS (GROSS SAVING) 5

.8-

.1- 1

.2—

SAAR

1

1.4
.2-

TOT.

.2-

.1-

2

1954
3

4

.1-

2

22

.113S.

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT

TOT.

2

•1-

NET INCREASE IN LIABILITIES
CREDIT AND EQUITY MARKET INSTRUMENTS
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDIT 5
MISCELLANEOUS FINANCIAL TRANSACTIONS

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

4

«

1

.1-

14
15
16
17
18
19
20
21

CURRENT SURPLUS (GROSS SAVING) 5

1953
3

2

.3
1.9
•
2.0
1.4
•
•
.3
.3
.4
.4.1-

I

SAAR

ANNUAL RATES

1

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT

DISCREPANCY (1-2)

SEASONALLY ADJUSTED

•

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

22

1952
3

1956
3

TOT.

SEASONALLY AOJUSTED
4

TOT.

1.0-

14
15
16
17
18
19
20
21

.9-■22
SAAR

ANNUAL RATES
1957
3

TOT.

4

TOT.

1

2

1

2

.2-

.3-

.4-

• 4—

.3-

.4—

.4-

.4-

.3-

.4-■ 1

.23.3
.3
3.0
.9
.1
•
.1
.21.9
.1
.1

.3
.5
.1.6
.4—
.4.21.1
•
.8
.3.1-

.2
1.5
.3
1.0
.7
.2•
.4•
.6
.2
.2

.2
1.9
.1
1.4
.4.2.2
.6
.2.9
•6
.4

.1
1.8
.2
1.5
.2
.2•
•4
.11.0
.2
.1

.2
2.4
•
2.8
.5
.4.2
.8
.6.9
1.4
.4-

.5
2.9
.3
2.0
.4.3
.2
.4
.2.7
.9
.6

.6
4.3
.1
4.3
•
•2
.3
1.5
.2.8
1.8
.1-

.4
1.6
.4
2.2
.8
.3
.2.4
•
.3
.5
1.0-

.4 2
2.8 3
.2 4
2.8 5
.2 6
7
.1
.1 8
.8 9
.3--10
.7 11
1.1 12
.2-■13

3.5
2.7
1.5
1.1
.5.5
.4
.5

.2
1.2
1.1
1.1
.9•
1.4.4

1.3
1.4
.9
1.2
1.0.3
.9•8

1.7
1.6
.5
1.1
.1
.1.3.4

1.7
1.7
1.0
1.1
.6.2
• 6.5

2.2
1.9
.3
1.2
.2
.3
.1
.2

2.4
2.3
.7
1.4
.8
.5.1.2

3.7
2.5
1.2
1.2
.5.7
1.1
.2

1.2
1.1
.7
1.1
2.11.4
.4.5

2.4 14
2.0 15
.7 16
1.2 17
.4-•18
.5 19
.1 20
.3 21

.6-

.6-

.8-

.9-

.7-

.8--22

•

151

.5-

.7-

FINANCE N.E.C

FINANCE N.E.C

TABLE 13.

FINANCE N.E.C. SECTOR

IN BILLIONS OF DOLLARS

SAAR

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

14
15
16
17
18
19
20
21
22

13S.

CURRENT SURPLUS (GROSS SAVING) 5
NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT
NET INCREASE IN LIABILITIES
CREDIT AND EQUITY MARKET INSTRUMENTS 2
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDIT 5
MISCELLANEOUS FINANCIAL TRANSACTIONS 4

DISCREPANCY (1-2)

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

14
15
16
17
18
19
20
21

22

5

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT
NET INCREASE IN LIABILITIES
CREDIT AND EQUITY MARKET INSTRUMENTS 2
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDIT 5
MISCELLANEOUS FINANCIAL TRANSACTIONS 4

DISCREPANCY (1-2)

.4-

.5-

.6-

.5-

.2
3.3
•
2.0
.8
.5
.2
.4
.6
.3.11.3

1.1
6.0
.8
4.0
1.8
.1
1.3
1.9
.6
1.2.61.3

1.0
5.4•
6.13.0.41.0.3.3
1.4.4.8

.2
3.9
3.2
1.3
.1.71.0
.5
.31.4
.7

.6
2.0
.2
.8
.2
•
.1.8
.5
.8.1
1.0

.2
6.9
.5
6.1
•
.2
.7
1.9
.5
1.1
1.7
.3

.3
4.0
.2
3.7
.6—
.3•
.9
•
1.8
1.9
*

.2
6.2
.6
5.7
1.3

3.1
.6
.8
1.3
2.0.5
2.1
.4

5.0
.3
2.1
2.1.34.3
.6

6.41.51.11.2
1.2.44.6.3-

3.7
2.7
.7
1.7
.6
.2.5
.6

1.4
.5
.2
1.6
1.2.1.6
.3

6.7
4.7
.9
1.8
2.2
.21.7
.3

.5-

1.5-

1.5-

.7-

l.l-

.8-

#

1

2

.8-

.8-

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

14
15
16
17
18
19
20
21
22

1960
3

.8-

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
CREDIT AND EQUITY MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
CORPORATE STOCK
MORTGAGES
CONSUMER CREDIT
OTHER LOANS 1
SECURITY CREDIT
NET INCREASE IN LIABILITIES
CREDIT AND EQUITY MARKET INSTRUMENTS 2
CORPORATE BONDS
CORPORATE STOCK
BANK LOANS N.E.C.
OTHER LOANS
SECURITY CREDIT 5
MISCELLANEOUS FINANCIAL TRANSACTIONS 4
DISCREPANCY (1-2)




1

2

.6-

.7-

SEASONALLY ADJUSTED
4

.8-

TOT.

.8-

.8-

4
.8-

TOT.

.7- 1

.2.6
.2
2.5
1.4
.2-

. 14.2
.2
3.9
.8.5
.4
1.0
.3
1.7
.9
.1

.1
5.3
.4
4.9
•
.1
.2
1.1
.2
1.8
1.5
*

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

3.7
5.5
.8
1.7
1.6
1.4
1.2.6-

6.0
5.9
1.4
1.9
2.2
.4
.3.4

4. 3
4.2
1.3
1.9
.3
.6
•
.1

5.2
5.1
l.l
1.8
1.6
.6
•
.1

14
15
16
17
18
19
20
21

1.0-

1.0-

»

.7-

SAAR

ANNUAL RATES

1961
3

.9- 22

4

TOT.

1

2

.8-

.9-

.9-

1.0-

.9- 1

7.0
1.1
.2.4.8
.2
2.6
2.9
.7-

1.3
6.9
.9
6.4
1.4
.5
.3
.8
.11.8
1.7
.4-

1.3
5.8
.1
4.7
1.2
.2
.5
1.0
.1
1.3
.4
.9

.13.4
.3
3. 1
.6
.1.2.4
.3.3
2.5
*

.7
5.6
.3
5.3
I. 1
.1
.1
.8
*
1.5
1.9
•

.1.1
.7
1.6.8.3
.2.3
•
.5.7.9

.4
5.5
.3
3.0
.2
.2.6
1.8
.6
.5.6
2.2

.8
7.1
.6
7.0
3.5
.1
.4.7
.8
.52.7
.4-

.7
6.7
.8
4.2
.5.5.5
1.8
1.2
1.3
.3
1.7

.5 2
4.8 3
.6 4
3.1 5
.6 6
.1-■ 7
.1 8
1.1 9
.7 10
•
11
.7 12
1.1 13

5.8
6.1
1.7
1.8
.2
2.3
1.21.0

5.6
4.0
1.0
1.7
.8
.5
.4
1.3

4.5
2.1
1.7
1.4
1.5.5
2.2
.3

3.5
2.8
1.8
1.3
.5.3
.6
*

4.8
3.7
1.5
1.5
.2.9
.5
.6

.2
.2.9
1.5
2.1.5.3
.1

5.1
2.1
.8
1.7
.5.1
2.2
.8

6.3
4.7
.1
2.1
2.7
.21.22.7

6.0
3.9
.2
2.7
.5
.5
2.2
.1-

4.4
2.6
.5
2.0
.1
•
.9
.9

1.3-

2.1-

2.1-

.7-

1.5-

.7-

1.3-

1.7-

1.7-

1.4- 22

.4
6.3
«

13S.

CURRENT SURPLUS (GROSS SAVING) 5

TOT.

1959
3

2

SAAR

1

4

SAAR

ANNUAL RATES

.4—

13S.

CURRENT SURPLUS (GROSS SAVING)

SEASONALLY ADJUSTED

1

SAAR

1

1958
3

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES

I

2

1962
3

• 9—

.8-

1.0-

• 6—

.8-

1

1.13.7
.5
4.0
.1.5
.1
2.2
.21.4
.1
.8-

.83.7
.17.7
.5

1.5
2.2
1.4
1.0
1.1
3.8-

.16.2
.54.8
1.2
.2.1.1
.8
.6
2.4
1.9

.46.9
.6
4.7
1.6
.5
.4
1.3•
2.1
1.4
1.6

.65.1
.1
5.3
.8
.2
.5
.8
.5
1.3
1.2
.3-

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

4.7
4.5
.3
3.2
.21.2
1.5
1.2-

4.5
6.3
1.1
2.2
1.9
1.2
2.0.2

6.2
5.3
.5
1.3
.8
2.7
1.6
.7-

7.3
3.5
1.4
.8
2.1
.82.7
1.1

5.7
4.9
.8
1.9
1.1
1.1
.9
.2-

14
15
16
17
18
19
20
21

.9-

.2-

.2-

22

.1

»

•

152

4

TOT.

1

2

1963
3

14
15
16
17
18
19
20
21

4

TOT.

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

FINANCE N.E.C. SUBSECTORS

IN BILLIONS OF DOLLARS
14S.

SAAR
1

1952
3

2

SEASONALLY AOJUSTED

TOT.

4

SAAR

ANNUAL RATES

1

1953
3

4

.1-

.1-

*

.12.0
2.1

.14.2
4.3

.5
1.4
.9

.1
2.6
2.5

2
3
4

5
6
7
8
9

2

TOT.

TOTAL SECTOR

1

CURRENT SURPLUS 8

2
3
4

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

5
6
1
8
9

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
1-TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

*

.3
1.9
1.6

.1-

.5
5.0
4.5

.1-

.1
.8.9-

. 1-

.7
5.6
4.9

.1-

.4
2.9
2.5

.1-

*
2.9
2.9

.1- 1

FINANCE COMPANIES 1

IO
II
12
13

NET INCREASE IN LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

»

.6
.3
.3
.4
.4-

.7
2.1
.1
1.9
.1

.3
1.4
•
1.0
.4

.5
3.5
.2
2.5
.8

.5
1.8
.1
1.5
.2

.1
2.4
.22.6
*

2.0
.2
1.5
.3

.2
2.2
.1
1.2
.9

.3
.3
•
1.0
.7-

.2
1.7
*
1.6
.1

.2•
.4.2

1.4
.3
.2
.8

l.l
.1
.6
.4

3.0
.6
2.4
*

1.3
.3
.7
.4

2.2
1.0
1.3
.2-

2.0
2.4
.1.3-

2.0
1.5
.2.7

.2
.7
1.2.6

1.6 10
1.4 11
»
12
.2 13

.1.8
.9
.1*

.11.8
3.4
1.6.1

.12.54.11.5
.2

.3
1.7
1.6
.2
.1

•
.4
.4
•
.1

.1.6.9.3.7

.11.6
1.2
.5
.1-

.2
.5
•
.2
.2

*
.4
•
.1
.4

14
15
16
17
18

.8
1.2
.1.3-

1.9
1.8
.1
.1

2.52.4.1
.2-

1.4
1.3
.1

.4
.5
.1
.1-

.5.5.1
.1-

1.7
1.6
.1
*

.3
.1
.1
.1

.4
.3
.1
•

19
20
21
22

.1
.4
.1
•

.1-23
.4 24
* 25
• 26

SECURITY BROKERS ANO DEALERS
14
15
16
17
18
19
20
21
22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
U.S. GOVT. SECURITIES
OTHER SECURITIES 3
SECURITY CREDIT 4
NET INCREASE IN LIABILITIESSECURITY CREDIT
FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES

♦

.1«

.4*
.6
.1
.1.1
»

OPEN-END INVESTMENT COMPANIES
23
24
25
26

27
28
29

30

NET FINANCIAL INVESTMENT 8
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
U.S. GOVT. SECURITIES

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS
NET STOCK ISSUES 10

.1.5
•
*

.1.6
•
•

.5
.1
.4

.6
.1
.5

.6

.7

.6

.1.5
•

.1.4
*
•

.1.4
•

*

.1.5
•
*

»

.2.3
•
•

.6
•
.5

.5
.1
.4

.5
.1
.4

.4
•
.5

.4
•
.5

.3
•
.3

.3
.1
.2

»

.5

.6

.5

.6

.4

.3

.4 30

.1.1
•
.1
.2

.1
.2
.1
.2

• 31
.1 32
33
.1 34
. 1 35

•

•

•

.1.5
»

.4 27
28
.4 29

AGENCIES OF FOREIGN BANKS
31
32
33
34
35

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREDIT
NET INCREASE IN LIABILITIES 6

.1.4
.4
.1.4

•
.5
.2
.1
.5

.1.2.3.1
.2-

36

NET ACQUISITION OF FINANCIAL ASSETS 7

.1

•

•

.1
. 1.2.1
.2-

*
.1
•
.1
.1

•
•
.1.1
*

•
.1
.1.1
•

»

»

BANKS IN U.S. POSSESSIONS




153

•

•

•

•

36

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

IN BILLIONS OF DOLLARS

14S.

SAAR

1

1954
3

2

SEASONALLY ADJUSTED
TOT.

4

SAAR

ANNUAL RATES

1

2

1955
3

4

TOT.

TOTAL SECTOR
.2-

1

CURRENT SURPLUS 8

.1-

2
3
4

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.6.2
.8

5
6
7
8
9

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
1-TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

.2.4.3
.3.4-

.3
.2
.1
.2
.1-

•
.1
.1
.2-

.3
•
.3-

.4
•
.5
.1-

.1.1
.9
.9.1

.12.1
1.3
.2
.6

•
1.4
1.01.3
l.l

19
20
21
22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
U.S. GOVT. SECURITIES
OTHER SECURITIES 3
SECURITY CREDIT 4
NET INCREASE IN LIABILITIESSECURITY CREDIT
FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES

.2.1
.3

2.2
1.6
.1
.5

1.4
1.1
.1
.2

23
24
25
26

NET FINANCIAL INVESTMENT 8
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
U.S. GOVT. SECURITIES

.1.3
.1.1

.1.3
•
•

.3
.1
.2

.3
.1
.2

.4

.4

.5

.1-

.1
2.7
2.6

.2-

.2-

.4
3.1
2.8

.7
3.2
2.5

.6
1.0
.1
.6
.2

.6
1.4
.3
1.3
.3-

.3
.5
.2
.4
.1-

.8
.9
.2*

.3
.3
.1
.1-

.1
2.3
2.2

.2-

.2-

.2-

.2-

.2- 1

.1
5.7
5.6

.5
5.8
5.3

.8
5.6
4.8

.7
6.0
5.3

2
3
4

1.3
4.8
.7
2.8
1.1

.1
5.3
.6
3.3
1.2

.6
4.6
.6
3.1
.6

1.0
4.3
.2
1.9
2.0

.8
4.8
.5
2.8
1.2

5
6
7
8
9

3.4
1.5
2.0
.1-

5.1
1.1
3.1
.9

3.9
1.7
2.3
.1-

3.3
1.1
1.9
.2

3.9
1.4
2.3
.2

10
11
12
13

1.2
6.7
5.5

FINANCE COMPANIES I

10
11
12
13

NET INCREASE IN LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

»

SECURITY BROKERS AND DEALERS

14
15
16
17
18

.1
.4
.8.31.5

•
1.0
.1
.1
.8

.11.2
.6.6
1.2

.1
.6.8•
.1

.3
.2.1
.3

1.0
.6
.1
.3

1.3
1.3
.1

.7.6.1
.2-

.2
•
.3.5

.3
.5.9
.1-

•
14
.3 15
.5--16
.3 17
.4 18

.3
.1
.1

.3
.6
.1
• 5-

.3 19
.3 20
.1 21
•1--22

OPEN-END INVESTMENT COMPANIES

27
28
29
30

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS
NET STOCK ISSUES 10

*

• 2r
.7
.1
.1

.1.4
•
*

.2.6
•
•

.2.7
.1
.1

.2.8
.1
.2

.3.7
•
.1

.2--23
.7 24
• 25
.1 26

.4
.1
.3

.6
•
.5

.4
.1
.3

.5
.1.6

.5
.1
.4

.6
•
.6

.6
.1
.5

.5 27
• 28
.5 29

.8

.5

.7

.8

1.0

1.0

.9 30

•
.1
.1.1
.1

•
.3
•
.1
.2

•
31
.1 32
.1--33
.1 34
.1 35

.1

•

.1 36

.1.4
»

AGENCIES OF FOREIGN BANKS

31
32
33
34
35

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREDIT
NET INCREASE IN LIABILITIES 6

•
.2
.1
.1
.2

.1
.1
.1.1
•

•
.3
.2
.1
.3

36

NET ACQUISITION OF FINANCIAL ASSETS 7

•

•

.1

.1
.6
.3
.1
.6

•
.3
.1
.1
.3

•
.1.2.1
•

.1
.3
•
.1
.2

BANKS IN U.S.POSSESSIONS




15H

.1

.1

.1

.1

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

IN BILLIONS OF DOLLARS

14S.

SAAR

1

2

1956
3

SEASONALLY ADJUSTED
4

TOT.

ANNUAL RATES

1

2

1957
3

SAAR

4

TOT.

TOTAL SECTOR
1

CURRENT SURPLUS 8

2
3
4

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.23.3
3.5

.3
.5
.2

.2
1.5
1.3

.2
1.9
1.7

5
6
7
8
9

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
l-TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

.2
1.7
.21.9
.1

.2
.4
•
.8
.4-

.6
.7
•
.6
.1

.7
1.2
.2.9
.5

.4
1.0
. 11.0
.1

1.5
1.5
.5.5

.2
1.1
.9•

.2
.9
1.0.3

.5
.5
.1
.1-

.6
1.0
• 6.2

.1.2
.8
.5*

.2
1.2.4.6.2-

.11.0.1
1.3.2

.1.4—
.5.1.2

•
.6•
.6•

.2.1.6
.2.4-

19
20
21
22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
U.S. GOVT. SECURITIES
OTHER SECURITIES 3
SECURITY CREDIT 4
NET INCREASE IN LIABILITIESSECURITY CREDIT
FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES

.4
.1
.1
.2

1.41.3.1
.3-

.91.0.1
•

.3.5.2
-

.6.7.1
•

.1
.4
•
.3-

23
24
25
26

NET FINANCIAL INVESTMENT 8
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
U.S. GOVT. SECURITIES

.2.9
.2
•

.3.8
.2. 1-

.21.0
.1
.1

1.1
.11.2

.7
.5
.2

.2-

.3-

.4-

.4-

.3-

.1
1.8
1.7

.4-

.4-

.4-

.3-

.4- I
.4
2.8
2.4

2
3
4

.7
1.5
.3.7
1.0

5
6
7
8
9

.5
2.9
2.4

.6
4.3
3.7

.4
1.6
1.2

.7
1.6
.7.9
1.2

.4
1.3
.2.7
.7

.9
2.2
.2.8
1.6

.8
.7
•
.3
.3

.7
.3
.2
.3

1.0
.7
.8
.5-

1.3
1.2
.5.7

•
.7
2.11.4

.8 10
.7 11
.4- 12
.5 13

.3
.2
.4.1
.5

.11.0
.1
.9
.2-

. 1.5.9
.31.2-

•
14
.1 15
.3 16
. 1 17
.3-■18

.1.5.1
.2

1.1
1.0
.1
•

.2
2.4
2.2

FINANCE COMPANIES 1

10
11
12
13

NET INCREASE IN LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

SECURITY BROKERS AND DEALERS

14
15
16
17
18

.4.9.2
.2

.1
•
.1
•

19
20
21
22

OPEN-END INVESTMENT COMPANIES

27
28
29

30

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS

NET STOCK ISSUES 10

.7
.3
.5

1.1

1.1

1.2

.41.0
.1
•

.4.7
•
.1

.3.8
•
•

.4.8
.1.1

.7
.1
.5

.8
.2
.6

.8
.1
.7

.9
.3
.6

1.1

l.l

1.2

1.4

.2.9
.1-

1.1
.11.2
1.2

.11.0
.2
. 1-

.3-23
.9 24
•
25
•
26

.9
.1
.7

.9 27
.1 28
.8 29

1.1

1.2 30

AGENCIES OF FOREIGN BANKS
31
32
33
34
35

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREDIT
NET INCREASE IN LIABILITIES 6

•
.4
.2
.1
.5

.1
.4
.1
.1
.3

•
.7
.4
.1
.7

36

NET ACQUISITION OF FINANCIAL ASSETS 7

.1

.1

.1

•
.3
•
.2
.3

•
.5
.2
.1
.4

•
•
.1•
•

.2
.2
.1.1
.1

•
•
.1.1
•

. 1.3
•
.2
.4

♦
.1
. 1.1
.1

.1

.1

. 1 36

31
32
33
34
35

BANKS IN U.S.POSSESSIONS




155

.1

.1

.1

.1

FINANCE N.E.C.

FINANCE N.E.C. SUBSECTORS

SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

IN BILLIONS OF DOLLARS

14S.

SAAR

SEASONALLY ADJUSTED

1958

1

3

2

SAAR

ANNUAL RATES
1959

4

TOT.

1

2

3

4

.7-

.8-

.8-

TOT.

TOTAL SECTOR

.4-

.5-

.6-

1

CURRENT SURPLUS 8

2
3
4

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.2
3.3
3.1

l.l
6.0
5.0

1.0
5.46.4-

.2
3.9
3.7

5
6
1
8
9

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
1-TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

1.2
.2
.5
.3.2-

1.2
1.1.6
1.2.7-

1.1
1.4.2
1.4—
.4-

.6
1.7
.5
.31.4

1.0
.2.5
.8*

.7.8
2.0.5

2.1.3
2.1.3-

2.71.11.2.4-

1.0
.7
.6
.2-

1.1.2
1.2.1-

.21.9
.6
.4
l.l

.3
4.6
1.0
2.2
1.3

•
4.62.33.0.6

. 1.3
.7
1.3.9

2. 1
1.8
.2
.1

4.3
3.6
.7

4.65.0.1
.3

.5
.5
.2.1

.4-

.5-

.6
2.0
1.4

.6-

.7- I

.3
4.0
3.7

.2
6.2
6.0

. 14.2
4.3

.1
5.3
5.2

2
3
4

.7
3.6
.5
1.1
1.7

*
3.9

1.8
1.9

.4
4.4
.2
2.5
1.4

.7
3.1
.3
1.7
.8

.5
3.8
.2
1.8
1.4

5
6
7
8
9

2.8
.9
2.2
.2-

3.8
.8
1.6
1.4

4.0
1.4
2.2
.4

2.3
1.3
.3
.6

3.2
l.l
1.6
.6

10
ll
12
13

.2
6.9
6.7

FINANCE COMPANIES 1

10
11
12
13

NET INCREASE IN LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

»

SECURITY BROKERS AND DEALERS
14
15
16
17
18

19
20
21
22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
U.S. GOVT. SECURITIES
OTHER SECURITIES 3
SECURITY CREDIT 4
NET INCREASE IN LIABILITIESSECURITY CREDIT
FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES

.6
»

.41.0
.6
.2

.3

.31.5
.31.4
.2
1.7
1.4
.1
.3

.4
.8.2.4.1-

.1
.2.5
.6.2-

.2. 3.8.5
.1

1.2.8.1
.5-

.3.1.3-

.2
.2-

14
15
.2-■16
.2 17
18
•

«

•
19
.2 20
• 21
.2--22

OPEN-END INVESTMENT COMPANIES
23
24
25
26

27
28
29
30

NET FINANCIAL INVESTMENT 8
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
U.S. GOVT. SECURITIES

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS
NET STOCK ISSUES 10

.4.9
*
.2

.41.7
.3
.4

.6
.2
.4

1.1
.2
.8

1.3
.3
1.0

1.3

2.1

1.2

.3.9
.2.2-

.41.4
.2
.3

.51.4

.2

.51. 1
.1
*

.1

.4-■23
1.4 24
.1 25
.2 26

1.4
.1
1.3

1.0
.1
.9

.9
.1
.9

1.3
.4
1.0

1.2 27
.2 28
1.0 29

1.8

1.7

1.9

1.9

1.8 30

.21.5
.2.2

.31.2
•
.1

.31.6

1.6
.11.6

1.1
.2
1.0

1.7

1.6

»

«

AGENCIES OF FOREIGN BANKS
31
32
33
34
35

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREDIT
NET INCREASE IN LIABILITIES 6

36

NET ACQUISITION OF FINANCIAL ASSETS 7

•
.2
•
.2
.3

.2
.7
.5
.5

.1
.4.4.1
.4-

.2.2
.4
.2.5

•
.2
.1
•
.2

.2
.1
.1
.3

.3
• 3.4.1
.6-

.1
.5
.5
.5

.3. 1•
.2

• 31
. 1 32
»
33
♦
34
. 1 35

BANKS IN U.S.POSSESSIONS




36

156

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

IN BILLIONS OF DOLLARS

14S.

SAAR

I

2

1960
3

SEASONALLY ADJUSTED
TOT.

4

SAAR

ANNUAL RATES

1

2

1961
3

4

TOT.

TOTAL SECTOR
.8-

.8-

.8-

.8-

.8-

.8-

1

CURRENT SURPLUS 8

2
3
4

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

.4
6.3
5.8

1.3
6.9
5.6

1.3
5.8
4.5

.13.4
3.5

5
6
7
8
9

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
1-TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

1.4
5.4
.2
2.6
2.6

1.7
3.5
.11.8
1.7

1.4
1.8
.1
1.3
.4

1.2
2.6
.3.3
2.5

1.4
3.3
•
1.5
1.8

.8
1.0.5.7-

4.3
1.7
.2
2.3

2.3
1.0
.8
.5

.7
1.7
1.5.5

1.5
1.8
.5.3

2.2
1.5
.2.9

1.7.9
2. 1.5-

.7
5.6
4.8

.1.1
.2

.9-

.9-

1.0-

.9-

I

.8
7.1
6.3

.7
6.7
6.0

.5
4.8
4.4

2
3
4

.5
.9
.6
.5.6

.8
3.2
.8
.52.7

1.8
3.0
1.1
1.3
.3

1.0
1.5
.6
.7

5
6
7
8
9

.4
.8
.5.1

2.7
.1
2.7
.2-

1.3
.2
.5
.5

.7
.5
.1
•

10
11
12
13

.4
5.5
5.1

FINANCE COMPANIES 1

10
ll
12
13

NET INCREASE IN LIABILITIES
CORPORATE BONDS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

»

SECURITY BROKERS AND DEALERS

.31.5.6
.9—
1.2—

.3
.7
.3
.7
.3-

.3
2.5
1.1
.7
.8

.3.3
.7
.8.2

.5
.7
.1.1-

.3•
1.1.71.5

.3
2.5
.3
.9
1.4

.5
.7•
1.0.3

.41.7
.5
.1
1.1

19
20
21
22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
U.S. GOVT. SECURITIES
OTHER SECURITIES 3
SECURITY CREDIT 4
NET INCREASE IN LIABILITIESSECURITY CREDIT
FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES

1.21.4—
.5
.3-

.4
•
*
.4

2.2
1 .9
.1
.2

.6
.6
.2.2

.5
.3
.1
.2

.3
.5.61.4

2.2
2.1
.8
.7-

1.2.1.8.2-

2.2
1.7
.6
.1-

23
24
25
26

NET FINANCIAL INVESTMENT 8
NET ACQUISITION OF FINANCIAL ASSETS
DEMANO DEPOSITS AND CURRENCY
U.S. GOVT. SECURITIES

.41.4
*
.3

.61.1
.2
.1

.31.1

1.1
.11.2

.8
.2
.7

l.l
.3
.8

1.8

1.7

1.4

14
15
16
17
18

•
14
.9 15
.1-■16
.2-■17
1.1 18
.9 19
.8 20
21
.1 22

»

OPEN-END INVESTMENT COMPANIES

27
28
29

30

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS
NET STOCK ISSUES 10

♦

.1-

.4.9
.1
•

.41.1
.1
.1

.41.1
.2
.2-

.61.1
.2*

.41.7
.3
.1

.12.5
.3
.5

.4--23
1.6 24
.2 25
.1 26

.9
.2
.7

1.0
.2
.8

1.1
.3
.8

1.3
•
1.2

1.4
.1
1.2

1.7
.2
1.5

1.4 27
.2 28
1.2 29

1.3

1.5

1.5

1.7

2.1

2.7

2.0 30

.1
2.8
3.5
.82.6

.4.61.5.6
.2-

.1

.1

AGENCIES OF FOREIGN BANKS

31
32
33
34
35

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREOIT
NET INCREASE IN LIABILITIES 6

36

NET ACQUISITION OF FINANCIAL ASSETS 7

•
1.0
.3
.5
1.0

.3
1.5
1.0
•
1.2

.1
.3
.1
.1
.1

•

.1

.1

.4.6.2.2.2-

•
.5
.3
.1
.5

•
.1.5
.6.1-

.3
1.0
.1.8
.7

#

31
.8 32
.6 33
»
34
.8 35

BANKS IN U.S .POSSESSIONS




157

.1

.1

.1

.1

.1 36

FINANCE N.E.C. SUBSECTORS

FINANCE N.E.C. SUBSECTORS

TABLE 14.

FINANCE N.E.C. SUBSECTORS

IN BILLIONS OF DOLLARS

14S.

SAAR
1

2

1962
3

SEASONALLY ADJUSTED

TOT.

4

SAAR

ANNUAL RATES

1

2

3

4

TOT.

TOTAL SECTOR

1

CURRENT SURPLUS 8

.9-

.8-

1.0-

• 6-

.8-

1

2
3
4

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS
NET INCREASE IN LIABILITIES

l.l3.7
4.7

.83.7
4.5

.16.2
6.2

.46.9
7.3

.65.1
5.7

2
3
4

5
6
7
8
9

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
l-TO 4-FAMILY MORTGAGES
CONSUMER CREDIT
OTHER LOANS 2

•
1.2
.31.4
•

.63.3
1.3
1.0
1.0

.1
3.7
.7
.6
2.3

.7
3.4
2. 1
1.3

•
2.9
.4
1.3
1.2

5
6
7
8
9

1.3
.3
.21.2

4.1
l.l
1.9
1.2

4.0
.5
.8
2.7

2.7
1.4
2.1
.8-

3.0
.8
1.1
1.1

10
11
12
13

FINANCE COMPANIES 1

10
11
12
13

NET INCREASE IN LIABILITIES
CORPORATE BONOS
BANK LOANS N.E.C.
OTHER LOANS (OPEN MARKET PAPER)

SECURITY BROKERS AND DEALERS

.41. 1
.9
.9
.7-

.2
1.8.51.3
2.6-

.6
2.2
.9
•
1.7

.42.2
1.9
.81.0

19
20
21
22

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 9
U.S. GOVT. SECURITIES
OTHER SECURITIES 3
SECURITY CREOIT 4
NET INCREASE IN LIABILITIESSECURITY CREDIT
FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES

1.5
2.1
.1.5-

2.02.11.21.3

1.6
2.7
.2
1.2-

2.7
1.7
.6
.5

23
24
25
26

NET FINANCIAL INVESTMENT 8
NET ACQUISITION OF FINANCIAL ASSETS
DEMAND DEPOSITS AND CURRENCY
U.S. GOVT. SECURITIES

.62.6
.7
•

.61.6
.4.5-

.5.8
•
1.0

.3.5
.5
.3-

.12.0

2.4
.8
1.6

.2.2•

3.2

2.2

14
15
16
17
18

.9
.8
.3
.2-

14
15
16
17
18

.9
1.1
. 1»

19
20
21
22

OPEN-END INVESTMENT COMPANIES

27
28
29
30

PORTFOLIO SECURITIES
CORPORATE BONDS
CORPORATE STOCKS
NET STOCK ISSUES 10

1.3

.51.4
.2
»

23
24
25
26

.4
1.0
.7-

1. 1
.4
.7

27
28
29

.8

1.9

30

AGENCIES OF FOREIGN BANKS
31
32
33
34
35

NET FINANCIAL INVESTMENT
NET ACQUISITION OF FINANCIAL ASSETS 5
U.S. GOVT. SECURITIES
SECURITY CREDIT
NET INCREASE IN LIABILITIES 6

36

NET ACQUISITION OF FINANCIAL ASSETS 7

•
1.31.0.11.3-

.3
.5
1.5
1.2.2

.1

.1

.1
.6.6•2
.7-

.4.6
•
.6
1.0

•
.2•
. 1.2-

31
32
33
34
35

BANKS IN U.S.POSSESSIONS




158

.1

•

.1

36

BANKING

BANKING

TABLE 15.

COMMERCIAL BANKS ANO MONETARY AUTHORITIES - CONSOLIDATED statement
IN BILLIONS OF DOLLARS

SAAR

15S.

1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIVIDEND PAYMENTS
CURRENT SURPLUS - GROSS SAVING (1-2)

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

6
7
8

NET FINANCIAL INVESTMENT (7-24 )
NET ACQUISITION OF FINANCIAL ASSETS
GOLD ♦ FGN. EXCHANGE 1

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

24
25
26
27
28
29
30
31
32

33

9

10

TOTAL LOANS ♦ INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER

STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY LOANS
MISC. ASSETS
NET INCREASE IN LIABILITIES
DEMAND DEPOSITS NET AND CURRENCY 5
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY

TIME DEPOSITS
OTHER LIABILITIES 8
DISCREPANCY (3-4)

1952
3

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

6
7
8

NET FINANCIAL INVESTMENT (7-24 )
NET ACQUISITION OF FINANCIAL ASSETS 10
GOLD ♦ FGN. EXCHANGE 1

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

31
32
33

TOTAL LOANS ♦ INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER

STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY LOANS
MISC. ASSETS
NET INCREASE IN LIABILITIES
DEMAND DEPOSITS NET AND CURRENCY 5
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY

TIME DEPOSITS
OTHER LIABILITIES
DISCREPANCY (3-4)




8

1

2

2.4
1.6
.8

2.4
1.6
.8

2.4
1.6
.8

2.4
1.6
.8

2.4
1.6
.8

1
2
3

1.9
.1

.2
.1

.9
.1

.7
.1

4
5

4

TOT.

2
2.1
1.4
.7

2.2
1.5
.7

2.3
1.5
.8

2.1
1.4
.7

.1
.1

1.1
.1

.3
.1

1.2
.1

.7
.1

.1.1

•
17.8
2.4

1.0
11.1
.3

.2
5.6
•

1.1
9.0
1. 1-

.6
10.9
.4

.25.0
2.4-

1.8
1.6.7-

.1
14.1
l.l-

.9
.5.8-

.6 6
4.3 7
1.3-■ 8

18.3
16.9
9.2
.39.4
8.2
1.2

10.6
8.7
2.7
.12.8
2.75.5

5.4
7.5
2.03.1
5.13.6
8.7-

10.0
8.7
1.3
.9
.4
4.6
4.2-

11.1
10.4
2.8
.9
1.9
3.4
1.5-

7.7
7.5
.11.3
1.413.8
15.2-

2.01.42.92.3
5.29.4
14.5-

15.3
13.7
9.9
1.8
8.0
2.910.9

.4
•
2. 1.51.615.8
17.4-

5.4 9
5.0 10
1.2 ll
1.2 12
•
13
9.0 14
9.0-■15

.4
.3
.9
1.0
5.2
•
1.3
3.0-

1.7
.4
1.0
1.8
.41.4
1.9
.1

1.3
.61.4
2.1
3.3
1.7
2.1.1

.6
.71.2
2.8
4.7
1.11.3
•

1.0
.11.1
1.9
3.2
.5
.6
.7-

.7
•
1.3
3.4
2.5
.3.2
.3-

.2
•
1.0
1.5
1.4.3
.61.0

.6
.1
.8
.9
.31.8
1.6
.1-

l.l
.1.9
.4
4.64.4
.4
.2-

.6 16
•
17
1.0 18
1.5 19
.9-■20
1.6 21
.4 22
.1 23

5.4
2.5
.9.8
2.6
1.5
1.0

7.8
3.2
.5
.53.2
2.9
.3

5.3
1.9
2.9•
4.8
3.0
1.9

3.46.77.1.4.8
.5
.3

14.0
10.4
10.0
.2.5
.3.8

1.35.85.3.4•
.6
.6-

3.6 24
• 25
1.3- 26
.3-•27
1.6 28
1.0 29
.6 30

2.9
*

3.9
.7

2.4
.9

3.4
.1-

3.0
.7

4.9
.5-

3.4 31
.2 32

.9

1.1-

.6

.2-

.1 33

17.8
11.0
4.9
.2
5.9
4. 1
1.8

10.1
7.3
2.2
.2
4.9
3.5
1.4

3.0
3.8

2.4
.4

.5-

.4

15S.

9

TOT.

1953
3

I

SAAR

NET OPERATING SURPLUS
PROFITS TAX AND NET OIVIOEND PAYMENTS
CURRENT SURPLUS - GROSS SAVING (1-2)

4

SAAR

ANNUAL RATES

1.9
1.3
.6

.5

1
2
3

SEASONALLY ADJUSTED

1954
3

1

2

2.3
1.6
.7

2.3
1.7
.6

•
.1

1.7
.1

.15.1
.4-

1.6
13.0
.1-

5.2
5.3
2.3
.22.5
12.915.4

.5-

10.3
6.0
1.7
.2
4.2
3.0
1.2

3.1
1.2
•

SEASONALLY ADJUSTED
4

TOT.

1

2

2.2
1.8
.4

2.2
1.7
.5

2.2
1.7
.6

2.3
1.6
.7

3. 1
.2

1.1
.1

1.2
.2

.64.7
1.2-

2.9
14.3
.2-

.9
9.3
.5-

12.7
10.7
10.4
.2
10.2
9.319.5

5.6
4.1
4.1
3.27.3
6.914.2

13.8
13.5
1.7
.82.4
13.516.0

1.7
.31.0
.82.13.7
.1.2

2.3
.31.3
.11.01.9—
2.0
.4

1.6
.11.9
.1
.13.81.5
.2

5.2
1.7
1.0.2
2.5
3.3
.8-

11.5
5.7
3.7
»
2.1
2.5
.4-

5.3
1.3
6.9.38.5
8.5
.1

4.4
.9-

4.5
1.3
1.1-

.6

159

SAAR

ANNUAL RATES
1955
3

4

TOT.

2.4
1.5
.9

2.5
1.5
1.1

2.4
1.6
.8

I
2
3

.6.2

.3
.2

.3
.2

.3
.2

4
5

1.0
5.0
.3-

.84.6
.2-

.1
1.2
«

.1
7.6
.2-

.1 6
4.6 7
.2-■ 8

9.3
8.4
4.6
1.05.6
10.716.3

5.0
3.6
6.4.16.317.210.9

4.8
5.1
4.91.53.49.96.5

1.7
1.5
10.5.7
ll. 12.78.4-

7.7
6.7
6.6.3
6.94.22.6-

4.8 9
4.2 10
7. 1-•11
.1-•12
6.9-•13
8.5-■14
1.6 15

1.6
•
2.7
.8
3.5
3.2
.3
.7

1.8
.21.7
•
.1
.3
.9
.4

1.2
.22.8
1.9
5.7
1.21.5
.2

.9.32.9
2.5
9.0
3.0.3.1-

.2
.22.1
2.5
8.5
.9.2
.5-

•
.21.9
2.5
9.2
1.0
.1

.1 16
.2-•17
2.4 18
2.3 19
8.1 20
1.3-■21
.6 22
■23

11.4
8.9
5.4
.5
3.0
2.8
.2

8.3
4.4
.3
.1
4.0
4.3
.2-

4.0
3.0
3.6.36.9
6.8
•

5.3
4.3
.8
»
3.5
2.8
.7

1.1
.2
3.0.1
3.1
2.9
.2

7.5
4.7
3.1
.11.7
.8
.9

4.5 24
3.1 25
.7-•26
.1-•27
3.8 28
3.3 29
.4 30

4.0
•

2.3
.3

3.8
.1

1.2
.2-

1.1
.1-

1.6
.7-

1.9
1.4

1.3 31
.1 32

1.0

2.6-

.6

.8

.5 33

2.2
1.7
.5

.5.1

.5-

.6-

1.3

BANKING

BANKING

TABLE 15.

COMMERCIAL BANKS AND MONETARY AUTHORITIES - CONSOLIDATED STATEMENT
IN BILLIONS OF DOLLARS
15S.

SAAR

1956
3

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES

1957
3

4

TOT.

1

2

1

2

1
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIVIDEND PAYMENTS 9
CURRENT SURPLUS - GROSS SAVING (1-2)

2.6
1.6
1.1

2.7
1.7
1.0

2.8
1.9
1.0

2.9
2.0
.9

2.8
1.8
1.0

3.1
2.1
1.0

3.3
2.2
1.0

3.4
2.3
1.1

3.5
2.3
1.1

3.3
2.2
1.1

1
2
3

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

1.5
.2

.9
.2

.8
.2

.5
.2

.9
.2

2.8
.2

.3
.2

.9
.2

1.2
.2

1.3
.2

4
5

6
7
8

NET FINANCIAL INVESTMENT (7-24)
NET ACQUISITION OF FINANCIAL ASSETS 10
GOLD ♦ FGN. EXCHANGE 1

1.3
10.0
.1

.7
1.5
.1

.6
3.0
.9

.3
9.9
2.3

.7
6.1
.9

2.6
16.4
1.3

.1
2.71.5

.7
10.0
1.1

1.0
1.1
.7

1.1
6.2
1.2

6
7
8

9.5
9.3
1.51.1
2.64.3
6.9-

.7
2.3
7.8.87.04.0
11.0-

1.4
2.5
4.8.84.06.4
10.4-

7.3
8.0
1.9
1.4
.5
4.3
3.8-

4.8
5.5
3.1.2
3.34.8
8.0-

14.9
14.8
6.3
1.57.8
6.8
1.0

4.94.412.12.010.15.6
15.7-

8.4
7.5
4.5
.3
4.2
3.57.7

1.1.31.0.3
1.21.2•

4.3
4.4
.6.7.2
1.9
1.7-

9
10
ll
12
13
14
15

.1
.52.2
1.7
7.5
.2.3
.3

.3
.42.1
1.7
6.5
.11.5.6

.7
.41.6
.9
5.1
.61.1.5

.3.4.9
1.2
4.1
.5
.6.2

.2
.41.7
1.4
5.8
.1.8.4

.4
.2
.6
1.0
6.9
.6.1
.1

.7
.1
•
1.5
5.6
.2.4.5

.8
.1
.9
1.2
.2
.3.9
.5

2.2
.2
.9
.9
3.5.I
.81.4

1.0 16
.1 17
.6 18
1.2 19
2.3 20
.2- 21
.1- 22
.6 23

8.7
6.5
6.6
.9
1.11.3.2

.8
1.16.75.6
3.3
2.4

2.4
2.7.6*
2.1.4
2.5-

9.6
4.7
.6
. l4.1
3.9
.2

5.4
1.8
•
.2
1.6
1.6
.1

13.7
6.2
9.6
.72.72.9.2

2.87.111.41.6
2.7
2.1
.6

9.3
1.9
5.8
.2
4.23.9.3-

.1
4.93.3.31.3.6.7-

5.1 24
1.0- 25
.2 26
.2 27
1.4-■28
1.3- 29
• 30

.7
1.6

2.6
.7-

2.2
2.9

2.8
2.2

2.1
1.5

7.4
.1

3.8
.5

5.8
1.7

4.9
.1

5.5 31
.6 32

.2

.4

.1

.8

.2

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

TOTAL LOANS + INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER

STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY LOANS
MISC. ASSETS
NET INCREASE IN LIABILITIES
DEMAND DEPOSITS NET AND CURRENCY 5
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY
TIME DEPOSITS
OTHER LIABILITIES

8

.4-

DISCREPANCY (3-4)

»

.1

SAAR

15S.

1958
3

4

TOT.

1.9-

SEASONALLY ADJUSTED

1

2

1

2

NET OPERATING SURPLUS
PROFITS TAX AND NET OIVIDEND PAYMENTS 9
CURRENT SURPLUS - GROSS SAVING (1-2)

3.4
2.4
1.0

3.3
2.5
.8

3.2
2.5
.6

3.2
2.6
.6

3.3
2.5
.8

3.4
2.5
.9

3.6
2.5
1.1

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

2.6
.2

1.6
.2

.4
.2

1.3
.2

1.5
.2

1.3
.3

6
7
8

NET FINANCIAL INVESTMENT (7-24)
NET ACQUISITION OF FINANCIAL ASSETS
GOLD ♦ FGN. EXCHANGE 1

2.4
21.6
1.2-

1.4
29.6
4.1-

.2
8.62.1-

1.1
18.1
1.7-

1.2
15.2
2.3-

1.0
10.7
1.0-

23.0
20.4
18.3
3.1
15.1
12.5
2.6

34.1
29.9
24.2
5.5
18.7
5.023.7

6.91.26.12.73.43.0.3-

19.6
18.9
5.2
2.8
2.4
.83.2

17.4
17.0
10.4
2.2
8.2
.9
7.3

2.1
.2
1.1
.92.52.1
2.6
.2-

5.0
1.0
1.8
.2
2.9.7
4.2
.5-

2.1
1.22.5
.31.6
.1
5.7.4

1.1
.33.2
1.6
8.7
.6.6
-1

19.3
7.2
6.1
.61.8
.3
1.5

28.3
16.5
10.2
.2
6.0
6.6
.5-

8.813.422.6.59.7
9.4
.3

13.2
1.1-

10.5
1.3

3.8
.8

9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

24
25
26
27
28
29
30
31
32
33

TOTAL LOANS ♦ INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER

STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY LOANS
MISC. ASSETS
NET INCREASE IN LIABILITIES
DEMAND DEPOSITS NET AND CURRENCY 5
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY
TIME DEPOSITS
OTHER LIABILITIES 8
DISCREPANCY (3-4)




10

1.6-

.8-

160

.2

TOT.

.3.3

1959
3
3.9
2.6
1.3

.2- 33
SAAR

ANNUAL RATES

1
2
3

4

•

4

4.1
2.6
1.4

TOT.
3.8
2.6
1.2

I
2
3

.8
.3

4
5

2.7
.3

.3.3

.64.4
1.7-

2.3
6.2
.8-

.6.9.6-

.5 6
5.1 7
1.0-• 8

10.8
8.5
1.91.8
3.712.18.4

4.3
5.3
10.6.1
10.71.0
11.7-

5.6
5.7
10.31.1
11.4—
6.05.4-

.7.48.91.87.14.8
11.9-

5.0 9
4.8 10
7.9-■11
.3 12
8.2-■13
3.1-■14
5.2-■15

2.6
•
2. 1
.2
1.2
.6
.4
.1-

.5
.1
3.0
2.9
5.2
1.32.3
.9

.5
.1
3.2
3.0
9.3
.31.01.7

.3
•
2.0
3.3
10.6
•
.21.4

.3
.42.0
2.3
4.9
.7.3.3

.4 16
• 17
2.5 18
2.9 19
7.5 20
.6-■21
.2 22
l.l 23

17.0
12.3
6.8
.6
4.9
4.3
.6

13.9
5.6
.1
.15.6
5.1
.4

9.7
4.8
1.2.4
5.6
5.2
.4

5.0
2.72.0.3
1.01.9.9

3.9
3.4
4.4
.6
1.61.8—
.2

.2. 11.5
1.1.61.71.1

4.6 24
1.4 25
.7 26
«
27
.6 28
•
29
.6 30

4.?
.2

8.0
.3

2.3
2.6

2.0
5.6

.3.7

.5
.6-

1.1 31
2.1 32

1.4

1.3-

.7-

.7-

.4-

1.7

.4 33

BANKING

BANKING

TABLE 15.

COMMERCIAL BANKS ANO MONETARY AUTHORITIES - CONSOLIDATED STATEMENT
IN BILLIONS OF DOLLARS

SAAR

15S.

I
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIVIDEND PAYMENTS 9
CURRENT SURPLUS - GROSS SAVING (1-2)

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

6
7
8

NET FINANCIAL INVESTMENT (7-24)
NET ACQUISITION OF FINANCIAL ASSETS
GOLD ♦ FGN. EXCHANGE 1

9
10
11
12
13
14
15

16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32

33

10

TOTAL LOANS ♦ INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. Gt)VT. SECURITIES
MONETARY AUTHORITIES
commercial BANKS
SHORT-TERM DIRECT 2
OTHER

STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY LOANS
MISC. ASSETS
NET INCREASE IN LIABILITIES
DEMAND DEPOSITS NET AND CURRENCY 5
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY
TIME DEPOSITS
OTHER LIABILITIES 8

DISCREPANCY (3-4)

1960
3

1

2

4.2
2.8
1.4

4.3
3.1
1.2

.1
.3

2.9
.2

4.3
3.3
1.0
.1.2

SEASONALLY ADJUSTED
1

2

1961
3

4.2
3.4
.9

4.2
3.1
l.l

4.1
3.2
.8

3.9
3.0
.9

3.7
2.7
1.0

1.5
.1

1.1
.2

2.0
.2

2.4
.2

.3.3

4

TOT.

SAAR

ANNUAL RATES

TOT.

4

3.6
2.5
1.1

3.8
2.9
.9

1
2
3

.5
.4

1.2
.3

4
5

.11.5
.6-

2.7
8.0
.7-

.312.1
3.0-

1.4
13.1
4.3-

.9
8.7
2.1-

1.8
15.8
1.5-

2.1
16.2
1.3

.623.0
.9

.1
16.1
3.1-

.9 6
17.8 7
.6-■ 8

1.3
3.1
8.2.77.56.11.4-

9.0
9.1
1.4
2.9
1.57.76.2

13.3
11.1
7.8
.9
6.9
15.6
8.7-

16.0
15.3
9.6
.49.9
12.1
2.2-

9.9
9.6
2.7
.7
2.0
3.5
1.5-

16.7
17.1
8.2
1.9
6.4
10.,9
4.5-

13.4
10.8
8.9
.2
8.7
20.0
11.3-

22.5
22.6
12.2
1.1
11.1
6.6
4.5

17.3
15.1
.1
2.8
2.79.06.3

17.5 9
16.4 10
7.4 11
1.5 12
5.9 13
7.1 14
1.2--15

.5.41.2
2.3
8.3
.2
1.8.7

.8.2.3
2.1
4.3
2.0
.1.4-

1.5
•
.6
1.5
2.92.5
2.2
1.7

2.3
.2.5
l.l
1.0
1.1
.7
1.3

.6
.2.7
1.7
2.7
1.4
.2
.8

3.1
.11.1
3.2
.1
1.5
.5.6

1.3
•
1.4
1.1.1
.3
2.6
1.4

3.5
.21.8
•
5.0
.3
.1.8-

3.2
.1
2.2
1.4
5.7
2.2
2.2
1.8

2.8 16
.1-•17
L.6 18
.9 19
2.7 20
1.1 21
l.l 22
.8 23

1.7
2.21.2
.82.51.61.0-

5.3
1.22.2
.33.13.0.1-

12.4
3.3
.5.4
3.4
1.8
1.6

11.7
1.2
.5
.4
.2
1.0
. 8—

7.8
.3
.9
.1.5• 4—
.1-

14.0

14.1
3.6
1.1.65.3
4.7
.6

23.6
9.4
4.8
1.35.9
5.6
.3

16.0
10.7
.2
.7
9.7
9.2
.6

16.9 24
5.9 25
.3 26
.1--27
5.8 28
5.1 29
.7 30

.44.2

4.7
1.8

9.4
.3-

9.6
1.0

5.8
1.7

13.6
.4

9.3
1.3

9.2
5.0

5.5
.2-

1.2

1.7-

1.2

1.5-

1.2

.6

SAAR

15S.

1962
3

.6-

*

»

2.9.6
2.2
.8
1.4

1.2-

SEASONALLY ADJUSTED
4

TOT.

1

.2--33
SAAR

ANNUAL RATES
1963
3

9.4 31
1.6 32

4

TOT.

1

2

I
2
3

NET OPERATING SURPLUS
PROFITS TAX AND NET DIVIDEND PAYMENTS 9
CURRENT SURPLUS - GROSS SAVING (1-2)

3.7
2.6
1.1

3.9
2.7
1.2

4.1
2.8
1.3

4
5

GROSS INVESTMENT (5+6)
CAPITAL EXPENDITURES

3.5
.4

1.7
.3

1.7.3

. 4.2

6
7
8

NET FINANCIAL INVESTMENT (7-24)
NET ACQUISITION OF FINANCIAL ASSETS 10
GOLD + FGN. EXCHANGE 1

3.2
22.2
1.7-

1.4
21.7
.7

2.03.5
3.5-

. 629.7
1.6-

.5
19.3
1.5-

6
7
8

25.1
22.9
9.6
5.4
4.2
9.5
5.3-

19.5
22.2
.7
.3
.4
.4.8

9.3
6.8
6.4—
.26.211.55.3

27.7
25.3
5.1
2.5
2.6
1.64.2

20.4
19.3
2.2
2.0
.2
1.01.3

9
10
11
12
13
14
15

5.0
.1
2.4
1.4
3.9
.3
2.2
1.2-

6.2
.54.7
3.1
8.2
•
2.81.6

3.5
.24.6
1.6
4.3
.52.5
2.1-

3.3
.2
4.3
2.7
7.6
2.2
2.4
3.5

4.5
.14.0
2.2
6.0
.5
1.1
.4

16
17
18
19
20
21
22
23

19.1
.44.9
1.4
6.78.51.8

20.3
6.3
3.9
.42.7
1.0
1.7

5.5
4.76.5.92.6
3.4
.8-

30.3
12.8
1.5
.3
11.0
10.3
.7

18.8
3.5
1.0
.1
2.4
1.6
.9

24
25
26
27
28
29
30

22.7
3.3-

13.3
.7

10.2
•

15.0
2.6

15.3
*

31
32

3.0

1.7

.4

33

9
10
11
12
13
14
15

16
17
18
19
20
21
22
23

24
25
26
27
28
29
30
31
32

33

TOTAL LOANS ♦ INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT. SECURITIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
SHORT-TERM DIRECT 2
OTHER
STATE AND LOCAL OBLIGATIONS
CORPORATE AND FOREIGN BONDS
MORTGAGES
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS
SECURITY LOANS
MISC. ASSETS
NET INCREASE IN LIABILITIES
DEMAND DEPOSITS NET AND CURRENCY 5
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD
DUE TO OTHERS
DEMAND DEPOSITS, NET 5
CURRENCY
TIME DEPOSITS
OTHER LIABILITIES
DISCREPANCY (3-4)




8

2.4-

.5-

161

4.3
3.0
1.3

2

4.0
2.8
1.2

1
2
3

.8
.3

4
5

COMMERCIAL BANKS

COMMERCIAL BANKS

COMMERCIAL BANK SUBSECTOR

TABLE 16.

1

IN BILLIONS OF DOLLARS

SAAR

16S.

1

CURRENT SURPLUS

2
.6

1952
3
.6

4
.7

2
3
4
5
6
7
8

NET INCREASE IN FINANCIAL ASSETS
INCLUDED IN CONSOL. SECTOR ACCOUNT
TOTAL LOANS AND INVESTMENTS
CREOIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
SHORT-TERM DIRECT
OTHER

9.5
10.8
10.7
8.8
2.8
2.75.5

3.9
1.9
2.1
4.2
5.13.6
8.7-

8.7
9.5
9.2
7.9
.4
4.6
4.2-

9
10
11
12
13

OTHER SECURITIES ♦ MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
1- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

1.6
.4
.3
.8
.1

3. 1
1.7

.9
.1

2.1
1.3
.61.2
.2

14
15
16
17
18
19
20
21

OTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC loans
OPEN MARKET PAPER
security CREDIT
MISC. ASSETS

6. 1
1.0
5.2
*
.2.2
1.3
3.0-

2.8
1.8
.41.4
1.4
.2
1.9
.1

.1
1.1
1.1-

22
23
24

EXCLUDED FROM CONSOL. SECTOR ACCOUNT
MEMBER BANK RESERVES 3
VAULT CASH

25
26
27
28
29
30

NET INCREASE IN LIABILITIES 7
INCLUDED IN CONSOL. SECTOR ACCOUNT
DEMAND DEPOSITS, NET
U. S. GOVERNMENT
FOREIGN
OTHER, NET

31
32
33
34
35

TIME DEPOSITS
OTHER LIABILITIES 4
EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 5
BORROWING AT F.R. BANKS

36

DISCREPANCY

37

MEMO - TOTAL LOANS EXC. MORTGAGES

1
.6
15.6
15.5
18.5
17.2
9.4
8.2
1.2

6

15.4
16.7
10.1
5.9
.1
4.1

3.0
3.6
1.4.8.6-

.3
7.4

1
.7

2
.7

9.4
9.4
10. 1
9.5
1.9
3.4
1.5-

5.0
6.2
6.5
6.3
1.413.8
15.2-

2.64.04.23.65.29.4
14.5-

11.9
14.2
13.5
11.9
8.0
2.910.9

1.1
.6
.71.0
.2

2.0
1.0
. 11.0
.2

2.0
.7
•
1.0
.3

1.2
.2
•
.8
.2

1.5
.6
.1
.6
.1

7.2
2.1
3.3
1.7
1.7
*
2.1.3-

6.4
2.8
4. 7
1. 11.2•
1.3
.3

5.6
1.9
3.2
.5
.4
. 1
.6
.7-

5.6
3.4
2.5
.3. 1• 3.2
.3-

.4
1.5
1.4.3
.4
. 1.6.2

1.21.1.1-

2.1
2.1
.1-

.82.31.5

•
.1

1.2.3.9-

8.2
7.7
4.9
1.2
.2
3.5

3.7
3.4
.5
1.2.2
1.5

7.9
7.8
3.2
.3
.1
2.9

8.8
8.9
4.7
1.5
.1
3.0

2.4
.4
.5
.1.6

2.9
»
.4
.2.6

3.9
.6
-1
.2
.1-

3.1
1.2
. 1.2.1

.4

.8-

4.8

.4
5.1
16S.
1954
3
.5

1

4.2
4.2
4.2
3.8
*
9.0
9.0-

2
3
4
5
6
7
8

1.9
1.1
. 1.7
.2

1.6
.6
•
.8
.2

9
10
11
12
13

2.4
.9
.31.8
1.6
.1
1.6
.7

.2
.4
4.64.4
4.0
.3
.4
.2-

2. 1 14
1.5 15
.9- 16
1.6 17
1.5 18
*
19
.4 20
.1 21

1.5
1.2
.2

2.31.8.4-

1.9
1.8
.1

•
22
.2 23
.2- 24

5.3
4.9
1.6
1.4*
3.0

4.23.46.87.0.4.5

11.8
11.4
7.8
8.2
.1.3-

l.B
2.4
2.32.9. 1.6

3.7 25
3.8 26
. 1 27
.8-•28
. 1- 29
1.0 30

2.4
.9
.4
.1
.2

3.4
•
.8•
.8-

3.0
.6
.4
.2
.2

4.9
.3.6.5. 1-

3.4 31
.3 32
. 1-■33
•
34
.1-■35

.9

1.0-

.6

. 1-

5.8

.2-

4.0

SEASONALLY ADJUSTED

.6

.1 36

2.6 37
SAAR

ANNUAL RATES

9.2
10.5
10.2
9.3
5.6
10.716.3

6.1
5.5
5.3
3.8
6.317.210.9

6.0
6.3
6.4
6.7
3.49.96.5

1.9
.6
1.1
.9
11.12.78.4-

7.4
7.6
7.5
6.5
6.94.22.6-

5.4
5.0
5.1
4.5
6.9-•
8.5-•
1.6

2
3
4
5
6
7
8

4.2
1.6
•
2.0
.7

3.3
1.8
.21.3
.4

3.7
1.2
.22. 1
.7

1.7
.9.32.1
.7

2.0
.2
.21.4
.6

1.7
•
.21.3
.5

2.3
.1
.21.8
.6

9
10
11
12
13

3.8.1
.13.84.0.2
1.5
.2

7.5
.8
3.5
3.2
3.3
•
.3
.7

.4
•
.1
.3
.1
.2
.9
.4

6.4
1.9
5.7
1.3.8.41.5
.2

8.4
2.5
9.0
3.02.9.2.3. 1-

10.1
2.5
8.5
.9.7.2.2
.5-

11.6
2.5
9.2
•
.1
. 11.0
.1

9.1 14
2.3 15
8.1 16
1.3- 17
1.1- 18
•.2- 19
.6 20
.1- 21

•
.3.3

2.22.1.1-

1.71.0.8-

1.31.3*

.7
.91.5

.3.1
.4-

.2.3
.5-

.4 22
.1 23
.2 24

8.3
8.5
4.3
•
•
4.3

5.5
4.8
3.6
3.5.3
6.8

6.8
5.7
4.7
1.9
•
2.8

1.6
.4
.73.5.12.9

7.4
6.9
4.0
3.3
.2.8

5.3 25
4.5 26
2.9 27
.5-28
• 29
3.3 30

3.8
.3
.1. 1•

1.2
•
.7
1.2
.5-

1.1
.11.1
.8
.2

1.6
.51.3
.11.4

1.5
1.5
.5
1.2
.7-

1.3
.2
.9
.8
.1

NET INCREASE IN FINANCIAL ASSETS
INCLUDED IN CONSOL. SECTOR ACCOUNT
TOTAL LOANS AND INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
SHORT-TERM DIRECT
other

4.3
5.6
5.4
5.6
2.5
12.915.4

12.8
12.8
12.5
10.5
10.2
9.319.5

6.4
8.6
8.4
6.9
7.3
6.914.2

9
10
11
12
13

OTHER SECURITIES ♦ MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

2.3
1.7
.3.7
.2

3.3
2.3
.3.9
.4

3.4
1.6
.11.5
.5

14
15
16
17
18
19
20
21

OTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC LOANS
OPEN MARKET PAPER
SECURITY CREDIT
MISC. ASSETS

.8
.82.13.7
3.1
.5
.1.2

3.0.11.01.92.1.2
2.0
.4

1.31.7.4

4
.4
13.4
15.1
14.4
14. 1
2.4
13.516.0

10.3
10.8
8.3
5.1
.4
2.8

25
26
27
28
29
30

NET INCREASE IN LIABILITIES 7
INCLUDED IN CONSOL. SECTOR ACCOUNT
DEMAND DEPOSITS. NET
U. S. GOVERNMENT
FOREIGN
OTHER, NET

4.2
5.2
1.5
1.7.13.3

11.6
10.8
4.9
2.6
.22.5

7.2
7.1
2.6
5.9•
8.5

31
32
33
34
35

TIME DEPOSITS
OTHER LIABILITIES 4
EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 5
BORROWING AT F.R. BANKS

4.4
.7.9•
.9-

4.5
1.4
.8
.2
.6

4.0
.5
•
.9
.8-

2.3
.2
.51.61.2

1.1

2.8-

2.3-

7.8

36

DISCREPANCY

.4

.8-

37

MEMO - TOTAL LOANS EXC. MORTGAGES

.6

1.0-




2.6
.7
.9
.4
1.615.8
17.4-

TUT.
.7

2
.7

2
3
4
5
6
7
8

6

.1-

6.2

4
.8

1
.5

2
.5

CURRENT SURPLUS

EXCLUDED FROM CONSOL. SECTOR ACCOUNT
MEMBER BANK RESERVES 3
VAULT CASH

.2-

7.7

TOT.
.6

SAAR

1955
3
.8

1

22
23
24

ANNUAL RATES

1953
3
.7

SAAR

1
.7

SEASONALLY ADJUSTED

162

TOT.
.5

.51.3

.3-

7.8

1.3
1.0
.2

4
1.0

TOT.
.8

1

31
32
33
34
35

1.3

.4

.9

.6 36

8.1

10.3

12.6

9.7 37

COMMERCIAL BANKS

COMMERCIAL BANKS

TABLE 16.

COMMERCIAL BANK SUBSECTOR 1

IN BILLIONS OF OOLLARS

SAAR

16S

1956
3
.9

SEASONALLY ADJUSTED

4
.8

TOT.
.9

SAAR

ANNUAL RATES

2
.9

1957
3
1.3

4
1.1

8.0
8.6
8.1
7.2
4.2
3.57.7

.9
.91.5. 71.21.2*

5.6
5.5
5. 1
5.1
.2
1.9
1.7-

2
3
4
5
6
7
8

1.8
.8
.1
.2
.7

3.2
2.2
.2
.2
.7

1.7
1.0
.1
.1
.5

9
10
11
12
13

2.7.9
3.5. 1. 8.7
.8.6

3.2 14
1.2 15
2.3 16
.2- 17
.4- IB
. 1 19
. 1-•20
.4 21

TOT.
1.1

1
1.0

2
.9

NET INCREASE IN FINANCIAL ASSETS
INCLUOED IN CONSOL. SECTOR ACCOUNT
TOTAL LOANS AND INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
SHORT-TERM DIRECT
OTHER

11.0
8.8
8.5
8.3
2.64.3
6.9-

1.12.1
1.5
3.1
7.04.0
11.0-

6.4
2.8
2.3
3.4
4.06.4
10.4-

5.9
5.8
5.6
6. 3
.5
4.3
3.8-

5.5
4.9
4.5
5.2
3.34. 8
8.0-

16.3
16.7
16.6
16.4
7.8
6.8
1.0

2.92.22.82.310. 15.6
15.7-

9
10
11
12
13

OTHER SECURITIES ♦ MORTGAGES
STATE ANO LOCAL OBLIGATIONS
CORPORATE BONDS
I- TO 4-FAMILY MORTGAGES
OTHER mortgages

1.8
.1
.51.4
.7

1.9
.3
.41.5
.6

2.0
.J
.41.1
.5

.2
.3.4.7
.3

1.5
.2
.41.2
.5

1.2
.4
.2
.3
.3

.9
.7
.1
.2.2

14
15
16
17
18
19
20
21

UTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC LUANS
OPEN MARKET PAPER
SECURITY CREDIT
MISC. ASSETS

9.1
1.7
7.5
.2.3•
.3
.3

8.1
1.7
6.5
.1.2.1
1.5.6

5.4
.9
5.1
.6.8.1
l.l.5

5.5
1.2
4. 1
.3
.1
.6.2

7.0
1.4
5.8
.1.3.1
.8.4

7.5
1.0
6.9
.4.2.3.1
.1

6.9
1.5
5.6
.2.2•
.4.5

1.2
1.2
.2
.3.5.2
.9
.5

2.1
1.0
1.1

3.2.92.3-

3.6
l.l
2.5

.1
1.01.0

.7
.1
.6

.4.5
.9-

.7.9.2

.5.3.3-

10.8
8.9
6.6
6.7
l.l
1.3-

2.81.33.4—
6.9.2
3.3

5.5
4.4
.4.8.1.4

5.6
7. 1
4.5
.6
•
3.9

4.8
4.8
1.8
. 1.3
1.6

14.2
13.5
5.8
9.3
.62.9-

2.73.87.811.01.1
2. 1

7.1
9.1
2.6
5.8
.7
3.9-

.5.2
4.53.6. 3.6-

4.5 25
4.7 26
1.0- 27
. 1 28
.2 29
1.3- 30

.7
1.7
1.8
.5
1.3

2.6
.41.5.11.4-

2.2
2.6
l.l
.11.2

2.8
.21.4—
•
1.5-

2. 1
.9
•
.1
. 1-

7.4
.3
.7
1.32.0

3.8
.2
l.l
1.6
.6-

5.8
.7
2.01.01.0-

4.9
.2. 7.2.4-

5.5 31
.3 32
.2- 33
.2- 34
35
*

1

CURRENT SURPLUS

2
3
4
5
6
7
8

22
23
24

EXCLUDED FROM CONSOL. SECTOR ACCOUNT
MEMBER BANK RESERVES 5
VAULT CASH

25
26
27
28
29
30

NET INCREASE IN LIABILITIES 7
INCLUDED IN CONSOL. SECTOR ACCOUNT
DEMAND DEPOSITS, NET
U. S. GOVERNMENT
FOREIGN
OTHER, NET

31
32
33
34
35

TIME DEPOSITS
OTHER LIABILITIES 4
EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 5
BORROWING AT F.R. BANKS

36

DISCREPANCY

37

MEMO - TOTAL LOANS EXC. MORTGAGES

6

.6
9.4

.9-

6.6

SAAR

.34.3

16S.

1
1.0

30.2
28.2
28.6
24.4
18.7
5.023.7

7.23.84.11.5

17.1
16.7
16.6
16.0

3.4-

2.4

14.8
15.4
15.3
14.8
8.2

3.0.3-

.83.2

NET INCREASE IN FINANCIAL ASSETS
INCLUDED IN CONSOL. SECTOR ACCOUNT
TOTAL LOANS AND INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
SHORT-TERM DIRECT
OTHER

9
10
11
12
13

UTHER SECURITIES ♦ MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
I- TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

3.4
2.1
.2
.5
.6

7.8
5.0
1.0
.9
.9

3.5
2.1
1.21.6
.9

14
15
16
17
18
19
20
21

UTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC LOANS
OPEN MARKET PAPER
SECURITY CREDIT
MISC. ASSETS

1.2.9—
2.52.2
.9
1.2
2.6
.6

2.1.2
2.9.7
.2
.4
4.2
.5-

1.3.4.9-

6

3.8
.5
.1
1.9
1.3

2.3
.3

1.4
.31.6
.2
.4
.25.7.4

9.6
1.6
8.7
. 7. 1.6.6
.1

1.9
.2
1.2
.6
.4
.2
.4
.1

6.8
2.9
5.2
1.31. 1.22.3
.9

12.1
3.0
9.3
. 3. 1.21.01.7

13.9
3.3
10.6

2.0
1.7
.3

3.43.7.3

.3
.4
.1-

1.4
1.0
.4

TIME DEPOSITS
OTHER LIABILITIES 4
EXCLUOED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 5
BORROWING AT F.R. BANKS

13.2
1.51.5.31.2-

10.5
1.1
.6
•
.6

3.8
.8
1.3
.5
.8

1.4




2
1.0

1959
3
1.2

3.6
.5
.1
1.7
1.2

31
32
33
34
35

.2-

2.1

163

•

4.2-

SAAR

ANNUAL RATES

4. 7
2.6
*
1.2
.9

7.68.913.522.5.49.4

MEMO - TOTAL LOANS EXC. MORTGAGES

.2- 36

3.2 37

4.0
1. 1
. 31.9
1.3

29.4
28.7
17.1
10.4
.2
6.6

37

.4-

3.5-

7.3

16.9
18.4
6.7
6.6
.2.3

1.5-

.2
2.1

5.2
5.9
4.6
4.7
11.46.05.4-

.9

. 1 22
•
23
. 1 24

.9

3.8
5.8
4.2
5.2
10.71.0
11.7-

NET INCREASE IN LIABILITIES 7
INCLUDED IN CONSOL. SECTOR ACCOUNT
DEMAND DEPOSITS, NET
u. s. government
FOREIGN
OTHER, NET

DISCREPANCY

1
.7

1.8
.6
1.2

1

6.5

11.4
10.0
9.0
6.7
3.712. 18.4

25
26
27
28
29
30

36

1.5-

7.6

SEASONALLY AOJUSTED
TOT.
.7

2
3
4
5
6
7
8

EXCLUOED FROM CONSOL. SECTOR ACCOUNT
MEMBER BANK RESERVES 5
VAULT CASH

. 1-

6.3

4
.5

2
.8

CURRENT SURPLUS

22
23
24

.4

4.9

1958
3
.6

1

19.2
20.5
19.9
17.3
15. 1
12.5
2.6

»

I
.8

4
1.4
.5
1.2
.9
1.2
7. 14.8

11.9-

TOT.
1.1

5.2
5.7
4.7
4.5
8.2-3. 1-5.2--

1

2
3
4
5
6
r
8

1.9
.3
.41.0
.9

2.9
.4
*
1.5
1.1

.3.2
.21.4

6.3
2.3
4.9
. 91.0•
.3.3

9.8 14
2.9 15
7.5 16
.6--If
.6--18
•
19
.2 20
l.l 21

2.12. 1*

.7.9.2

.8.7
1.5-

.5--22
.3--23
.2--24

5. 1

10.5
9.9
4.3
1.3.4
5.2

3.2
2. 1
4. 32.6.2
1.9-

4.6
4.4
4.0
4.9
.8
1.8-

.2
.6.92.4
1.51.7-

4.6
3.9
.8
.8
*
*

25
26
27
28
29
30

4.5
.8
.9—
.8.2-

8.0
.3
. 1. 1*

2.3
3.2
.7
.8
.2-

2.0
4.3
1.2
. 11.2

.3.7
.2
.5
.3-

.5
.2.8

l.l
2.0
.7
.3
.4

31
32
33
34
35

.9-

.7-

.3-

.1

.2

.8

.2 36

11.1

13.7

6.0

10.0 37

16.0
16.9
11.7
6.8
.6
4. 3

10.3

.6.5. 1-

13.7
13.8
5.5
.3
»

2.4

9.2

»

1.2
.8

»

»

.8

9
10
11
12
13

COMMERCIAL BANKS

COMMERCIAL BANKS

COMMERCIAL BANK SUBSECTOR

TABLE 16.

1

IN BILLIONS OF DOLLARS
SAAR

16S.

1960
3
1.0

SEASONALLY ADJUSTED

4
.7

SAAR

ANNUAL RATES

2
.8

1961
3
1.0

4
1.2

TOT.
.9

I

17.3
16.7
16.0
14.9
5.9
7.1
1.2-■

2
3
4
5
6
7
8

I

CURRENT SURPLUS

1
2.5

2
1.3

2

NET INCREASE IN FINANCIAL ASSETS
INCLUDED IN CONSOL. SECTOR ACCOUNT
TOTAL LOANS AND INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
SHORT-TERM DIRECT
OTHER

5.2
2.7
2.1
3.9
7.56.11.4-

6.3
5.8
6.2
6.3
1.57.76.2

11.2
13.9
12.2
10.0
6.9
15.6
8.7-

14.3
17.6
16.2
15.6
9.9
12.1
2.2-

9.2
10.0
9.2
8.9
2.0
3.5
1.5-

13.4
15.4
14.9
15.4
6.4
10.9
4.5-

.4
.5.4.6
.6

.7.8.2.2.6

2.0
1-5
•
.1.7

2.6
2.3
.2. 1.6

1.1
.6
.2•
.6

4. 1
3.1
. 1.3
.8

2.7
1.3
•
.8
.6

5.1
3.5
.2.9
.9

5.5
3.2
. 1
1.1
1.1

9
4.3
2.8 10
. 1--11
.8 12
.8 13

11.0
2.3
8.3
.3
.1.4
1.8.6

8.4
2.1
4.3
2.1
.7
1.3
.1.4-

1.1
1.5
2.92.4
1.4
.9
2.2
I .7

3.1
1. 1
1.0
1.0
. 11.0
.7
1.3

5.9
1.7
2.7
1.4
.5
.9
.2
.8

4.9
3.2
.1
1.6
.6
.9
.5.5

.71.1.1
.4
.3.6
2.6
1.6

5.2
•
5.0
.3
.4.7
. 11.0-

9. 3
1.4
5.7
2.2
1.1
1.1
2.2
1.7

4.7
.9
2.7
1.1
.2
.8
1. 1
.7

2.5
.9
1.6

.5
.2
.2

2.71 .01.7-

3.34.41.2

.71.1.3

2. 11.3.8-

1.7
1.6
.2

1.6
.4
1.2

1.4
.5
.8

8.2
8.4
.5
.9
•
.4-

11.4
12.6
1.62.9.4
.8

14.5
13.3
3.6
.7.54.7

22.5
21.7
8.8
4.7
1.6—
5.6

17.6
16.2
9.8
.2.9
9.2

5.8
2.1
.2.3
.4-

13.6
.6
1.2.9.3-

9.3
.5
1.2
.9
.2

9.2
3.8
.8
.7
.1

5.5
1.0
1.3
1.0
.3

3
4
5
6
7
8
9
10
II
12
13

UTHER SECURITIES + MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
1-’ TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

14
15
16
17
18
19
20
21

OTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC LOANS
OPEN MARKET PAPER
SECURITY CREDIT
MISC. ASSETS

22
23
24

EXCLUDED FROM CONSOL. SECTOR ACCOUNT
MEMBER BANK RESERVES 5
VAULT CASH

6

25
26
27
28
29
30

NET INCREASE IN LIABILITIES 7
INCLUDED IN CONSOL. SECTOR ACCOUNT
DEMAND DEPOSITS, NET
U. S. GOVERNMENI
FOREIGN
OTHER, NET

4.2
3.4
.9.9
.21.6—

4.4
5.7
1.02.6
.63.0-

11.2
11.0
1.7
.6.5
1.8

31
32
33
34
35

TIME DEPOSITS
OTHER LIABILITIES 4
EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 5
BORROWING AT F.R. BANKS

.44.7
.8
.5
.3

4.7
2.0
1.3*
1.3-

9.4
•
.2
.4
.3-

36

DISCREPANCY

1.2

37

MEMO - TOTAL LOANS EXC. MORTGAGES

9.2

.88.3

SAAR

.8

3.3

16S.

1962
3
1.2

13. 1
13.4
2. 3
.8
.5
1.0

9.6
1.6
.3.1
.4-

.7-

3.7

4
1.1

2
1.2

NET INCREASE IN FINANCIAL ASSETS
INCLUDED IN CONSOL. SECTOR ACCOUNT
TOTAL LOANS AND INVESTMENTS
CREDIT MARKET INSTRUMENTS
U.S. GOVT SECURITIES
SHORT-TERM DIRECT
OTHER

18.1
18.4
19.5
17.3
4.2
9.5
5.3-

21.5
20.9
19.3
22.0
.4
.4.8

8.3
7.5
9.7
7.2
6.211.55.3

9
10
11
12
13

OTHER SECURITIES + MORTGAGES
STATE AND LOCAL OBLIGATIONS
CORPORATE BONDS
I- TU 4-FAMILY MORTGAGES
OTHER MORTGAGES

7.4
5.0
. 1
.7
1.6

10.4
6.2
.52.6
2.1

7.9
3.5
.22.6
2.0

7.8
3.3
.2
2.3
2.0

14
15
16
17
18
19
20
21

OTHER CREDIT EXC. SECURITY
CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS 2
CCC LOANS
OPEN MARKET PAPER
SECURITY CREDIT
MISC. ASSETS

5.7
1.4
3.9
.4
.7
.4—
2.2
1.1-

11.2
3. 1
8.2
.1.2.2
2.81.6

5.5
1.6
4.3
.41.51.0
2.5
2.2-

12.2
2.7
7.6
1.9
1.7
.2
2.4
4.9

CURRENT SURPLUS

2
3
4
5
6
7
8

22
23
24

EXCLUDED FROM CONSOL. SECTOR ACCOUNT
MEMBER BANK RESERVES 3
VAULT CASH

6

.3.8
1.1-

.6
.3
.3

.7
.51.2

.1
6. 1

1
.6

31.3
29.8
24.9
22.5
2.6
1.64.2

1.5
. 41.8

TOT.
1.2

16.6
14.9
13.3
10.7
8.7
20.0
11.3-

21.9
20.3
21.3
21.4
11.1
6.6
4.5

17.5
16.1
14.4
12.1
2. 79.06.3

14
15
16
17
18
19
20
21

.7 22
.3 23
.3 24
16.5 25
16.0 26
5. 1 27
.2 28
.2--29
5.1 30

9.4
1.4
.5
.5
.1

31
32
33
34
35

1.5-

1.6-

1.3

.9

.2--36

4.5

2.0

5.1

11.6

5.8 37

SEASONALLY ADJUSTED

1
1.1

1

TOT.
1.4

1

SAAR

ANNUAL RATES

2

1963
3

4

TOT.
1

19.8
19.2
18.3
17.3
.2
1.01.3

2
3
4
5
6
7
8

8.4
4.5
.12. 1
1.9

9
10
11
12
13

8.6
2.2
6.0
.4
.2
.2
1.1
.8

14
15
16
17
18
19
20
21

.6
.1
.6

22
23
24

25
26
27
28
29
30

NET INCREASE IN LIABILITIES 7
INCLUDED IN CONSOL. SECTOR ACCOUNT
DEMAND DEPOSITS, NEI
U. S. GOVERNMENT
FOREIGN
OTHER, NET

15.0
18.3
2.05.0
1.5
8.5-

20.5
18.2
3.8
3.6
.71.0

10.1
8.6
3.06.0.53.4

30.8
29.2
11.3
.9
. 1
10. 3

19. 1
18.5
2.5
.9
.1
1.6

25
26
27
28
29
30

31
32
33
34
35

TIME DEPOSITS
OTHER LIABILITIES 4
EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 5
BORROWING AT F.R. BANKS

22.7
2.53.22.4.9—

13.3
1.0
2.3
1.8
.5

10.2
1.4
1.5
1.4
.1

15.0
2.9
1.6
L.6
. 1-

15.3
.7
.5
.6
. 1-

31
32
33
34
35

36

DISCREPANCY

2.4-

37

MEMO - TOTAL LOANS EXC. MORTGAGES

7.9




.1-

8.4

16U

2.7

.3

.1

36

8.0

14.5

9.7

37

MONETARY AUTHORITIES

MONETARY AUTHORITIES

TABLE

17

MONETARY AUTHORITIES SUBSECTOR 1
IN BILLIONS OF DOLLARS

I 7S .

SAAR

1

CURRENT SURPLUS

2

NET ACQUISITION OF FINANCIAL ASSETS
INCLUDED IN CONSOLIDATED COMMERCIAL
BANKING SECTOR ACCOUNT
GOLD AND FOREIGN EXCHANGE 2
TREASURY CURRENCY
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3

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

15

16
17
18
19
20
21
22
23

EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS
NET INCREASE IN LIABILITIES

INCLUDED IN CONSOL. ACCOUNT
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS 4
EXCLUDED FROM CONSOLIDATED ACCOUNT 7
MEMBER BANK RESERVES 6
VAULT CASH OF COML. BANKS
DISCREPANCY (1-2+lA)

2
*
.9

.8

4.1

2.3
2.4
.1
.2.3.7.5
*

.3
.3
.1
. 1.11.5
1.6*

3.7
*
.1
3.2
3.1
5 .9
2.8.3

.51.1.1
.8
.9
1.52.3
. 3-

1.4
.4
. 1
.9
.9
1.3
.4*

1.4—
.8.6-

.5
. 1.6

.4
.2.6

.1
.2
. 1-

. 1.2.1

NET ACQUISITION OF FINANCIAL ASSETS
INCLUDED IN CONSOLIDATED COMMERCIAL
BANKING SECTOR ACCOUNT
GOLD AND FOREIGN EXCHANGE 2
TREASURY CURRENCY
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3

3
4
5
6
7
8
9
10
11
12
13

14

15
16
17
18
19
20
21
22
23

EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS
NET INCREASE IN LIABILITIES

INCLUDED IN CONSOL. ACCOUNT
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS 4
EXCLUDED FROM CONSOLIDATED ACCOUNT 7
MEMBER BANK RESERVES 6
VAULT CASH OF COML. BANKS
DISCREPANCY




(1-2+14)

.81.12.4.1
1.2
1.3
3.3
2. 1*

.4
.1
.2

1.1

4.1

.8-

1.4

.8-

2.3

2.0

•

1.4

.4

1.0.1
1.8
.2
.1
1.1
1.1-

1.0
»
1.4
.11.21. 1.1-

.3
.6
1.0
#
2.1
2.1
.1-

. 3
.6.3
•
. 82.31.5

.1
*
1.2
•
*
*
.1

1.4.11.9
1.2.3.9-

.3

.3

.1

.3-

. 1

1

2

1.3

1.1

17S.

CURRENT SURPLUS

.4-

1954
3
*

2

.1

SEASONALLY ADJUSTED

4
*

TOT.
*

SAAR

ANNUAL RATES

2
. 1

TOT

1.2

SAAR

1

SEASONALLY ADJUSTED

1952
3
.1

1.7
2.4
.7.1
2.2
2.3
5.6
3.4.8
.8•
.8-

1953
3

4

TOT.

1

.4

1.7-

.1- 2

1.1.1
1.8
1.8
1.6
.3
.8-

1.2.8. 1
.4.51.61.1
-

»
3
1.3- 4
.1
5
1.2
6
1.2
7
2.2
8
1.0- 9
*
10

.6.5. 1-

.1-11
*
12
.1-13

.4
.2
.2

.4

1.8-

.2-14

•

2.6

3.7-

.2-15

. 1-

1.8
. 1.8
.1
2.31.8.4-

2.5.4.6.21.9
1.8
•l

.6-16
.1-17
.6 18
. 1-19
»
20
.2 21
.2-22

1.5

»
.3
.21.5
1.2
.2
. 1-

.1

. 1-

SAAR

ANNUAL RATES

1
♦

2
.1

1955
3
.1

.7-

1.8

23

«

4
*
.5

TOT.
»

1

.5

2

1.4-

1. 1

3.9-

1.3-

1.4-

.2

.5.4—
.2
.3.21.5
1.8*

.2
. 1.1
.2
.2
1.6
1.3-

3.91.2.1
2.83.23.5.4

.8.2. 1
. 7.810.2
11.0-

1.3.5.1
.91.02.4
3.4*

.5.3.1
.2. 1.7
.8-

.9*
.9 —

.8
.2
.6

♦
.9
.8-

.51.61.2

. 1.1*

.7
1.2
.5-

1.2-

.7

4 .0-

1.1-

1.4-

.2-

.7-

2.0

.4

.4

14

.7

1 .8-

.6

. 1-

.8-

.4-

.7

.6

*

15

1.0
.2
.4. 1«
.3.3

1.0.3.1
.52.22.1.1-

.3
.1
.2
*
1.71.0.8-

.2
. 1
.2.21.31.3*

. 1.6*
.2.7
.91.5

1.1»
.7
*
.3.1
.4-

.6
.2
.2
.21.3
1.6
.2

.2.1
.9
. 1.2.3
. 5-

.2-16
. 1-1 7
.4 18
. 1-19
.4 20
.1 21
.2 22

.4-

.2-

. 3-

.1

.3

.1-

*

*
.7
.3
.8.21.31.7.4

.2

1G5

.2

•

1.8.2•
1.61.53.21.8

.6
*
•
.5
.7
7.3
6.6-

1.1
.8
.2

1.3
. 11.4

.2•
.2
. 3
.6
.3-

.4- 3
.2- 4
*
5
.2- 6
.1- 7
1.3
8
1.5- 9
10

.5
1.2
.7-

.9 11
.8 12
.1 13

23

MONETARY AUTHORITIES

MONETARY AUTHORITIES

TABLE 17.

MONETARY AUTHORITIES SUBSECTOR 1

IN BILLIONS OF OOLLARS

SAAR

17S.

1

CURRENT SURPLUS

2

NET ACQUISITION OF FINANCIAL ASSETS
INCLUDED IN CONSOLIDATED COMMERCIAL
BANKING SECTOR ACCOUNT
GOLD AND FOREIGN EXCHANGE 2
TREASURY CURRENCY
CREOIT MKT. INSTRUMENTS
U.S. GUVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3

3
*
5
6
7
8
9
10

11
12
13
14

15
16
17
18
19
20
21
22
23

EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS

NET INCREASE IN LIABILITIES

INCLUDED IN CONSOL. ACCOUNT
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS 4
EXCLUDED FROM CONSOLIDATED ACCOUNT 7
MEMBER BANK RESERVES 6
VAULT CASH OF COML. BANKS
DISCREPANCY (1-2+14)

1
.1
3.0

1.1
.1
•
1.0
1.1
1.3
.2*
1.8
.5
1.3
1.9

CURRENT SURPLUS

2

NET ACQUISITION OF FINANCIAL ASSETS
INCLUDED IN CONSOLIDATED COMMERCIAL
BANKING SECTOR ACCOUNT
GOLD AND FOREIGN EXCHANGE 2
TREASURY CURRENCY
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3

11
12
13
14
15
16
17
18
19
20
21
22
23

EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS
NET INCREASE IN LIABILITIES

INCLUDED IN CONSOL. ACCOUNT
DEMAND DEPOSITS ANO CURRENCY
OUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS 4
EXCLUDED FROM CONSOLIDATED ACCOUNT 7
MEMBER BANK RESERVES 6
VAULT CASH OF COML. BANKS
DISCREPANCY (1-2+14)




ANNUAL RATES

TOT.
.1

.1

2
.1

2.7

1.2

.4

.6

.5-

1.4

.8.81.4
2.2-

.2
.9
.1
.8.8.6.2-

4. 1
2.3
.1
1.7
1.4
3.4
2.0-

1.2
.9
.1
.3
.2
1.4
1.2•

.31.3
.1
1.71.51.2.3-

.51.5
.1
2.12.02.5.5
•

1.4
1.1
.1
.3
.3
.9
.7-

2.0
.7
.1
.4
.3
.3
.8

1.5.11.4-

l.l
.11.2

1.4•
1.5-

•
.1
.1-

.7
1.32.0

1.1
1.6
.6-

2.01.01.0-

2.1.6.1
»

1.3

1.1-

1.6

2.6

1.2

2.0

2.0-

2.5

.6

.3

.1.2.2
. 12.1
1.0
1.1

.2
.22.4
.33.2.92.3-

.1
.1
2.5.3
3.6
1.1
2.5

«

•
.2
2.3
.1
1.01.0

.1
.1.1
.6
.7
.1
.6

.3
•
.2
.2.4.5
.9-

.4.6
.6
.3
.7.9.2

1.0-

1.1

.5

•

.1

.4-

.1-

.2-

1958
3
*

4
.1

2.1

3.5-

.4

1.1
1.2.1
3.0
3.1
4.6
1.5.8-

1.4
4.1.1
5.5
5.5
4.6
.8
•

4.92.1.1
2.82.72.1.6-

1.5—
.31.2-

.6
•
.6

.4-

1.5

.4-

TOT.
•

.4-

•

2
.2

1959
3
.1

•
.1
.6
.5.3
.4
.1-

.2. 1.4
•
.6—
.5.1-

.2

•

.3

.4 14
.4 15
»

•
•
.3
.1
•
•1

16
17
18
19
20
21
22

•

23

SAAR

4
*

TOT.
.1

1

2

2.1.6.1
1.51.82.6.9

.61.0.1
.3
.3
2.32.6
•

3
4
5
6
7
8
9
10

.2
.5
.3-

.1•
.3
*
3.43.7.3

.4

.2- 11
.2- 12
13
•

.1

1.2
.11.2

.2-

.2
.1
.7.3
1.8
.6
1.2

.7 3
1.2 4
.1 5
.8- 6
.7-■ 7
.7-■ 8
.1- 9
.2 10

1.3-

.7
.8
.2-

• 6—
.41.5
.3
1.3.4—
.9-

•

2

.4

.1. 1•

.5-

1.8

I

.5

.3-

.9.8.2-

.1

.7.2.4-

TOT.
*

1.4

1.3
.5
.8

.1

4

ANNUAL RATES

.2
.8•
1.0
1.1
8.29.3
•

.4

166

•
.5.31.0
.5.3.3-

1.51.7.1
.1
.1
.91.0
-

.1

.5-

.2

.8
1.0.1
1.7
1.8
-2.4
.5*

3.3-

.1-

.3-

.22.3.1
2.2
2.2
.42.6
.2-

.5-

.5.2
2.0
1.7
.3

1
.2

.3
1.0

1.3
1.7.1
3.0
2.8
8.911.7

.8

»

.1-

SEASONALLY ADJUSTED

2
*

1
•

SAAR

4
.1

2
.1

17S.

1

SEASONALLY AOJUSTEO

1957
3
.2-

SAAR

3
4
5
6
7
8
9
10

1956
3
.1

1.2

.2.1
•
.4
.71.4
1.0
.4

. 1-

.8

.8

.7 11
.3 12
.4 13

«

.8

1.3—

.4-

.1 14

2.9

.5-

.4

.6 15

.6
.1
.9
1.3
2.12.1-

.5.2.2
*
.7.9.2

.8.5
1.1
.4.8.7
1.5-

.1- 16
.1 17
.6 18
.1 19
.5- 20
.3- 21
.2- 22

.9

.1 23

»

1.3

1.6-

MONETARY AUTHORITIES

MONETARY AUTHORITIES

TABLE 17.

MONETARY AUTHORITIES SUBSECTOR 1

IN BILLIONS OF OOLLARS
SEASONALLY ADJUSTED

SAAR

17S.

1

CURRENT SURPLUS

4
.2

2

NET ACQUISITION OF FINANCIAL ASSETS
INCLUOEO IN CONSOLIDATED COMMERCIAL
BANKING SECTOR ACCOUNT
GOLD AND FOREIGN EXCHANGE 2
TREASURY CURRENCY
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3

3
4
5
6
7
8
9
10

11
12
13
14

15
16
17
18
19
20
21
22
23

EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS

NET INCREASE IN LIABILITIES

INCLUDED IN CONSOL. ACCOUNT
DEMANO OEPOSITS ANO CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS 4
EXCLUDED FROM CONSOLIDATED ACCOUNT 7
MEMBER BANK RESERVES 6
VAULT CASH OF COML.. BANKS
DISCREPANCY (1-2+14;

1
1.1-

2
.1-

1960
3
.1

.4—

.9

1.7-

4.8-

1.5-

2.2
.7.1
2.8
2.9
13.9
10.9-

1.83.0.1
1.0
.9
2.5
1.6•

4.5—
4.3.1
.3• 4—
22. 121.8
•

1.32.1.1
.7
.7
3.44.1
•

1.3•
1.3-

.2
.4
.3-

.3.1
.4-

.2.3
.4—

1.2.6.1
.8.78.07.3
.1
.8
.5
.3

TOT.
.2-

.1

1.3-

4.9-

1.4-

1.7-

.4-

1.3

1.7-

.6-

.3
.61.0.52.5
.9
1.6

.4.3
.1.2.5
.2
.2

.2
.11.6
.32.71.01.7-

.2•
.8.6—
3.34.41.2

•
.1. 1.4.71. 1.3

.9-

.4

.1

.8

•

17S.

SAAR
I

.1-

2
.1

1961
3
*

.8-

2.6

3.6

1.4

.4
1.51.8
1.9
7.3
5.4.1

1.4
1.3
.1
.1
.2
5. 75.9
. 1-

2.7
.9
.5
1.1
1.1
4.86.0
.2

.1
3.1.1
2.9
2.8
12.9
10. l.1

1.2.9.3-

1.2
.9
.2

.8
.7
.1

1.3
1.0
.3

.6-

1.2

1
.3

«

2
•

4
.2

TOT.
.1

4
.1-

2.5

3.5

1.4

.8

1.9

.2-

•
.2
1.4
.22.11.3.8-

.5.1.6
.8
1.7
1.6
.2

.1
.3
.3
1.3
1.6
.4
1.2

.5
. 1.6
1.11.4
.5
.8

.4

.1

•

SEASONALLY ADJUSTED

1962
3
.1

SAAR

ANNUAL RATES

1

.4-

2

1

1.7

2

1.2
3
.6-- 4
.2 5
1.5 6
1.5 7
2.4 8
.9-- 9
.1 10
.5 11
.5 12
.1 13

1.7 14
1.0 15

•
.1
.7
.2
.7
.3
.3

16
17
18
19
20
21
22

«

23

SAAR

ANNUAL RATES
1963
3

TOT.
*

4

TOT.

1

CURRENT SURPLUS

»

2

NET ACQUISITION OF FINANCIAL ASSETS
INCLUDED IN CONSOLIDATED COMMERCIAL
BANKING SECTOR ACCOUNT
GOLD AND FOREIGN EXCHANGE 2
TREASURY CURRENCY
CREDIT MKT. INSTRUMENTS
U.S. GOVT. SECURITIES
SHORT-TERM DIRECT
OTHER
MISCELLANEOUS 3

.5

3.2

2.5-

1.4

.7

2

3.8
1.75.6
5.4
.2
5.2
.1-

.9
.7
•
.2
.3
2.1
1.8*

4.03.5.2.4.2.2
.5.1

. 11.6.1
2.8
2.5
2. 14.7
1.4-

.1
1.5•
2.0
2.0
.1
1.9
.4-

3
4
5
6
7
8
9
10

3.22.4.9-

2.3
1.8
.5

1.5
1.4
.1

1.6
1.6
.1-

.5
.6
.1-

11
12
13

.5

2.8

2.3-

2.6

.9

14

.8

2.2

3.1-

1.1

.2

15

.3
.4
1.7
.3.6
.3
.3

.5.4.81.4.7
.51.2

.6
.2
.7
.31.5
.41.8

.1
.9
.7.6
.1
.6

16
17
18
19
20
21
22

.3

1.4

.3

23

3
4
5
6
7
8
9
10
11
12
13

14
15

16
17
18
19
20
21
22
23

EXCLUDED FROM CONS. SECTOR ACCOUNT
F.R. FLOAT 4
F.R. LOANS TO DOMESTIC BANKS
NET INCREASE IN LIABILITIES

INCLUDED IN CONSOL. ACCOUNT
DEMAND DEPOSITS AND CURRENCY
DUE TO U.S. GOVERNMENT
DUE TO REST OF THE WORLD 5
CURRENCY DUE TO OTHERS
MISCELLANEOUS 4
EXCLUDED FROM CONSOLIDATED ACCOUNT 7
MEMBER BANK RESERVES 6
VAULT CASH OF COML. BANKS
DISCREPANCY (1-2+14)




»

.1.11.8
.8.3.8
1.1»

.4-

167

«

1

DEMAND DEPOSITS AND CURRENCY

DEMAND DEPOSITS AND CURRENCY

TABLE 19.

DEMAND DEPOSITS AND CURRENCY 1

IN BILLIONS OF DOLLARS

SAAR

19S.

1
2

NET INCREASE IN LIABILITY
COMMERCIAL BANKS

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING 2
AT F.R. BANKS
OTHER
DISCREPANCY 2

8
9

DUE TO OTHERS
FOREIGN

10
11
12

13
14
15
16
17
18

19
20
21
22
23
24
25

FINANCIAL SECTORS
SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.
OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 5

NET INCREASE IN LIABILITY
COMMERCIAL BANKS

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING
AT F.R. BANKS
OTHER
DISCREPANCY 2

8
9

DUE TO OTHERS
FOREIGN

13
14
15
16
17
18
19

20
21
22
23
24
25

.5
. I-7
1.3
1.7
.3
.1
1.0
1.6
.7•

2.93.31.41.8.4

7. 17.3.17.2.2

10.0
10.4
1.8
8.6
.4-

5.35.82.53.4.5

2.7
.5-

4.3
.2

4.8
*

.5
.4-

.3
.2-

.4.4-

1.2.1.1-

.3. 1.2-

.1
.1
*

•
.1
•

.2»

.6
.3
.1

1.0
.1
.1

.1
.9.2.1.6.2-

.1
. 1.2.1
.1-

.1
.1

.1
.1
*
.1
.2-

.1
.1.2-1
.1-

.1
.3
.2
.1

»

2.2
1.2
1.0
.2
.9

.9.6.3
.9.3-

6.1
.2

5.1
.2

3.3
.8

.5
.1
•

1.5
.4
.4

.1
.4
.3
.1
*

1.0
.2
.8

5.4

3.4

3.8

1.7.1.35.5
.6
1.5

1.3
.1.3.6•
3.1

2.3
.1.3.4
2.0
.5-

19S.

1
2

10
11
12

2
6.76.8-

4.9
5.0
1.06.0
.1-

SAAR

2

FINANCIAL SECTORS
SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.

OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE ANO LOCAL GOVERNMENTS
DISCREPANCY 5




SAAR

ANNUAL RATES

1
1.9
1.6

2
7.3
4.9

1
11.0
10.1

SEASONALLY ADJUSTED

1953
3
10.4
7.8

1952
3
2.5
.5

4
3.2
3.2

TOT.
6.0
4.7

»

•
.1
*

.1-

»

4
5.82.3-

.5
.2
.2
.1
.3

.1

1
2

1.31.5.61.0.2

3
4
5
6
7

1.3 8
.3- 9

.3 10
.1 ll
* 12
.1
.2
.1
.1
.1
*

13
14
15
16
17
18

3.5

4.8

1.0

.1-

1.0-

1.2 19

4.6
.1.32.2.72.3

1.6
.1.3.8
.5
1.6

4.9
.1.1.8.51.4

1.6.1. 12.8
1.3
1.3-

.5.1.1.8.6
.7

. 1. 1. 1.71.1
1.1-

. 7 20
.1- 21
.1- 22
. 1 23
.6 24
.1- 25

SEASONALLY ADJUSTED

2
5.7
4.9

1.0.6.7
1.3.4-

3.7
2.6
1.0
1.5
1.1

6.96.61.05.6.3-

5.4
6.0
.3
5.7
.6-

2.7
.2

2.1
*

8.2
.3-

3.5
.5

4. 1
.1

.4
.3
*

.4
.1
•

.3
.2.1-

.7
.2
*

.3

.1
•

. 1•

»

»

.1

.3

•
.5

.2
.3
.2
*
.3

4
8.9
8.3

TOT.
4.4
4.3

.3
.3
.2
.1
.1-

SAAR

ANNUAL RATES

1
1.7
1.5

1
3.0
3.6

2
4.3
4.7

1955
3
.2
.7-

3.64.3.14.3.7

.8
1.4
l.l2.5
.6-

3.03.1.6
3.6.1

3.1
3.5
.23.7
.4-

6.6
.3-

3.4

3.2
.1

1.6
. 1-

»

4
4. 7
4.0

.5
.5
.2

.3
.1
.2-

.5
-5
.1

.4
.2
*

.3
•
.1
•
*

.3
.1
.1
•
.2

.4
.1.1.1

.2
•
•
•
.3

2.0

1.7

8.0

2.6

3.6

6.5

3.1

2.4

.7

.3.1.5
.22.5
.4-

1.8
.1.5
2.7
2.11.2-

4.3
.1.5
3.7
•
.3-

3.6
. 1.5
2.1
1.0
4.6-

2.3
.1.5
2. 1
.4
1.6-

.6
.3
4.0
.42.0

.1
.3
.4
1.0
1.2

.7
.3
.3
*
1.1

1.4.3
.7.9
1.6

168

»

4.0

1954
3
1.3
2.6

«
»

TOT.

»
«

•

1.0
.6
•

.6
.1
.1.2
•
.3

TOT.
3.1
2.9
.7.6.2.4*

1
2
3
4
5
6
7

3.7 8
.1- 9
.6 10
.2 ll
12
*

.2 13
. 1 14
15
. 1 16
•
17
.3 18
»

3.2 19
•
.3
1.0
.4
1.5

20
21
22
23
24
25

DEMAND DEPOSITS AND CURRENCY

DEMAND DEPOSITS AND CURRENCY

TABLE 19.

DEMAND DEPOSITS AND CURRENCY 1

IN BILLIONS OF DOLLARS
19S.

SAAR

1
2

NET INCREASE IN LIABILITY
commercial BANKS

1
6.5
6.6

2
1.13.4-

1956
3
2.7.4-

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING 2
AT F.R. BANKS
OTHER
DISCREPANCY 2

6.6
5.5
.15.6
1.1

6.75.9.2
6.0.9-

.6.6.1
.7*

8
9

DUE TO OTHERS
FOREIGN

10
11
12

13
14
15
16
17
18
19
20
21
22
23
24
25

FINANCIAL SECTORS
SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.
OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 5

SEASONALLY ADJUSTED

4
4.7
4.5
.6
.3
•
.3
.3

.1
*

3
4
5
6
7

.2
.1
*

.2.2.1-

.8
.3
.1

•
. 1.1-

.8
.4
-1

.4 10
.1 11
12
*

•
.1.1.1.3

.3
.2
.2
.1.1

.1
•

. 1.1
. 1.2
•
*

.2
.2
.1
-

.1-

.1
.1
*
*
*
.2

•
.2. 1.1.3

.1
•
»
.1.1-

♦

.1.2

.3

•
.1

.3
•
*
•
.4

»

»

1.1- 8
.2 9

13
14
15
16
17
18

1.1-

5.6

2.2-

3.3

1.4

2.5-

1.9

4.2-

2. 1-

1.7- 19

1.7
.2.3
1.4.5
2.1-

2.6
.2.3
.8
.6
1.5

1.1.2.3
.7.8.3

1.3
.2.4
2.0
.4
.5-

1. 1
.2.3
.2
.2
.2-

3.4. 1.8
1.3
.7
1.7-

3.8
.1.8
1.7.2
1.0-

5.9.1.8
1.6
.6
1.2-

.9
.1.8
1.3.51.9-

1.2- 20
.1- 21
.8 22
• 23
.2 24
1.5- 25

SEASONALLY ADJUSTED

8
9

DUE TO OTHERS
FORE IGN




1.6.3-

.2
.2
»

.7
.5
.2

.2
.1

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING
AT F.R. BANKS
OTHER
DISCREPANCY 2

OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 5

5.8
•

3.33.6.2
3.9.3

♦

.1
.1*

•
.1.1-

3
4
5
6
7

19

5.8
5.8

4.0.2

4
12.3
11.7

20
21
22
23
24
25

11.411.2.410.8.2-

TOT.
1.0- 1
1.0- 2

4.4
1.6

NET INCREASE IN LIABILITY
COMMERCIAL BANKS

13
14
15
16
17
18

9.6
9.7
.3
9.4
.1-

4
4.94.5-

3.3.7-

2.1*

1
2

FINANCIAL SECTORS
SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.

2
7.17.8-

1.9
.2

5.6
*

19S.

10
11
12

•
.2.1
.2.1

1
6.2
5.8

1957
3
1.9
2.6

4.0
.1-

.1.9

SAAR

2

TOT.
1.8
1.8

SAAR

ANNUAL RATES

1
7.2
6.7

2
16.5
17.1

1958
3
13.413.5-

6.1
5.5
.66.1
.6

10.2
9.6
.29.8
.6

22.621.4.121.31.2-

6.8
6.7
•
6.7
.1

.1
.1
.2.3
*

1.2
.6-

6.2
.2

9.2
.5-

5.5
.6

5.5
. 1-

1.3
.9
.3

1.1
.2
*

.5
.3
*

•
.2.3-

.7
.3
*

.6
.4
.2
.1
.1
*

.2
.1
*
.1
.8

.3
.1
•
.1
*

.2
.1
.1
.1

.3
.2
.1
»
.1
.2

.5

5.0

9.2

4.9

4.9

1.2
.3
.9
.6—
.6—
.7-

1.4.3
.9
2.1
2.0
1.0

8.6
.3
.9
2.0
.42.2-

1.6
.3
.9
2.3
. 1.2-

2.5
.3
.9
1.5
.2
.5-

169

TOT.
5.6
5.5

SAAR

ANNUAL RATES

1
4.8
4.3

2
2.74.3-

1959
3
3.4
4.0

1.2.6.1
.7.6-

2.03.0.6
3.71.1

4.4
4.0
.54.5
.4

1.5
2.4
.83.2
. 9—

.7
.7
.1.9
*

3
4
5
6
7

.7.3

1.0.6

1.61. 1-

.7
*

8
9

.5
.2. 1-

.5.5-1'

.1
.4.1-

.5
.3
.3

.2 10
.2- ll
12
*

.2.2
•
.2
•
.5

.4.2.2•
-2

.3.1. 1•
.6

»
»

.2*
.1*

5.1

.5-

1.7-

1. 1-

.5 19

4.3
.4.8•
.42.3

.5.4.8.7
.1
.3

.3- •■
.4—
.83.52.6
.7

1.3
.4.81.3.2.3

1.2 20
.4- 21
.8- 22
1.0- 23
.5 24
.9 25

6.0
.4

4
. 1.9-

•
•
.2

TOT.
1.4
.8

1
2

13
14
15
16
♦
17
.4 18

DEMAND DEPOSITS AND CURRENCY

DEMAND DEPOSITS AND CURRENCY

TABLE 19.

DEMAND DEPOSITS AND CURRENCY

1

IN BILLIONS OF DOLLARS
SAAR

19S.

1
2

NET INCREASE IN LIABILITY
COMMERCIAL BANKS

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING
AT F.R. BANKS
OTHER
DISCREPANCY 2

8
9

DUE TO OTHERS
FOREIGN

10
11
12

13
14
15
16
17
18
19

20
21
22
23
24
25

2

FINANCIAL SECTORS
SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.
OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECOROS CONSUMER ANO NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 5

3
4
5
6
7

DUE TO U.S. GOVERNMENT 2
GOVT. RECORD OF HOLDING
AT F.R. BANKS
OTHER
DISCREPANCY 2

8
9

DUE TO OTHERS
FOREIGN

10
11
12
13
14
15
16
17
18

19

20
21
22
23
24
25

2

.6. 1-

2.8
.6

4.7
.6-

4.6
1.3-

.6
.3
•

.6
.2
•

1.4
.4
•

.8
.3
•l"

.3
.1
.1
•
•
.3

.2
.1
•
•
*
.3

.3
.3
.2
.1
•
.7

.4
.3
.1
.1
*
.3

.5
.2
.1
.1
•
.6

.8

4.5

4.4

8.3

4.5 19

3.1
.1.1
.1
1.5
.1-

3.8
.1.1
1.1
1.61.0

2.9.1.1
5.6
2.8
2.8

1.6 20
.1-•21
. 1 22
1.3 23
.6 24
1.0 25

.51.2.2
I .4.7

.5
.4
.2.7
.1

»

.9
•

3.4• 8—

3.4.3-

3.8
.4

.7
.4

.3
.2
•

.3
.1.1•
.1

.2•
.1•
•

.4
.2
.2
•
.9

2.3-

4.7-

3.1

4.6.2.31.4
1.1
.3

.8.2.3.52.2.7-

1.0
.2.3.6
1.8
.3

1
• 4—
2.0-

2
6.3
3.8

1962
3
4.73.0-

4.9
5.3
.15.4
.4—

3.9
3.6
.3
3.3
.3

6.56.3.55.8. 1-

5.31.4

2.3
.4-

1.7
.9-

TOT.
.3
.5

1.6-

.9
.9

2.93.1-

.4-

1.0-

2.0
.2.31.5.1
.5-

.6.2.3•
.2
.2-

I

»

2.4
.1.1
1.7.4.4

SEASONALLY ADJUSTED
4
12.8
11.3
1.5
1.7
.6
1.1
.2-

11.3
.3

TOT.
3.5
2.5

1

1.5
.7
.2

4
10.7
9.8

.2
1.3.5
1.71.5

2

1
2

.3
.2
•
.2
*

3
4
5
6
7

10.5
.7

5.7 8
.1-• 9

1.4
.6
•

1.3 10
.5 11
•
12

.6
•
.2.1
•
.8

.5
.2
.1
.1
*
.6

13
14
15
16
17
18

SAAR

ANNUAL RATES
1963
3

TOT.
5.9
5.1

4

TOT.
1
2

1.0
l.l
.1
1.0
. 1-

3
4
5
6
7

2.5
.1

8
9

.4
.5
•

2. 1
1.2
. 1-

.8
.6
•

10
11
12

.2
.1. 1. 1•
.1-

.4
.5
.3
.1
•
.5-

1.3
.3
.1
.1
*
.6

.6
.2
.1
.1
•
.1

13
14
15
16
17
18

1.1
.5
•

OTHER PRIVATE DOMESTIC SECTORS
HOLDER RECORDS CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 3

7.7-

2.9

2.3

3.0
5.72.82.1-

5.5
4.71.4
.7

1.0•
2.7
.5

.5
.1
.1.1
•
.5

4
1.2
2.3

.1.1
•

FINANCIAL SECTORS
SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS
INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C.




4.8
7.4
.1
7.4
2.6-

2.2
3.2
.43.6
1.0-

19S.

NET INCREASE IN LIABILITY
COMMERCIAL BANKS

3. 1.2

l.l2.1.51.6.9

1.2
1.2
.3
.9
•

1.6
.5
.2

SAAR

2
3.6
3.6

2
1.21.0-

.3.3.1-

ANNUAL RATES
1961
3
9.4
8.8

I
2.2.9-

SAAR

2

SEASONALLY ADJUSTED

I960
3
3.3
1.7

170

8.9

13. 1
2.1
1.64.7-

1.6

19

5. 1
2.1. 11.4-

20
21
22
23
24
25

TIME DEPOSITS AND SAVINGS ACCOUNTS

TIME DEPOSITS AND SAVINGS ACCOUNTS

TABLE 20.

TIME DEPOSITS AND SAVINGS ACCOUNTS
IN BILLIONS OF DOLLARS
20S.

1
2
3
4
5
6

7
8
9
10

NET INCREASE IN LIABILITIES
AT COMMERCIAL BANKS 4
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
REST OF THE WORLD
CONSUMERS

AT SAVINGS INSTITUTIONS
MUTUALSAVINGS BANKS
2
SAVINGS AND LOAN ASSOCIATIONS 3
CREDIT UNIONS

11MEM0- TOTAL,

CONSUMERS ANO NONPROFIT ORGS.

1952
3

2

7.5
3.0
—
.1
•
2.9

7.1
2.4
•
.1
2.1

8.6
2.9
—
.3
.3
2.4

9.4
3.9
—
. 1.4
3.3

4.4
1.4
2.7
.3

4.7
1.7
2.7
.3

5.7
1.9
3.6
.3

7.3

6.6

8.1

1

7
8
9
10

NET INCREASE IN LIABILITIES
AT COMMERCIAL BANKS 4
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
REST OF THE WORLD
CONSUMERS

AT SAVINGS INSTITUTIONS
mutual SAVINGS BANKS 2
SAVINGS AND LOAN ASSOCIATIONS
CREOIT UNIONS

5

llHEMO- TOTAL, CONSUMERS AND NONPROFIT ORGS.

1954
3

2

7
8
9
10

AT SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS 2
SAVINGS AND LOAN ASSOCIATIONS
CREDIT UNIONS

3

11MEM0- TOTAL, CONSUMERS AND NONPROFIT ORGS.




ANNUAL RATES

1953
3

4

TOT.

1

2

8. 1
3.1
.1
.2
2.7

8.0
2.4
. 1.1
2.5

9.3
3.4
.3
.2
2.8

8.9
3.0
.1
.4
2.5

10.6
4.9
1.0
1.5
2.4

5.4
1.8
3.3
.3

5. 1
1.7
3.1
.3

5.6
1.8
3.4
.3

5.9
1.9
3.6
.4

5.9
1.8
3.9
.3

5.7
1.7
3.7
.3

5.8
7
1.8 8
3.7 9
.3 10

8.7

7.7

8. 1

8.7

8.4

7.9

8.3 ll

SEASONALLY ADJUSTED
4

TOT.

1

9.2
3.4
.3
.6
2.5

1
2
3
4
5
6

ANNUAL RATES

2

1955
3

4

TOT.

8.3
1.2
. 1.5•
1.9

7.9
l.l
. 1.2
.21.2

8.7
1.6
. 1.1.1
1.8

8.8
1.5
. 1.2
.31.9

8.4
1.3
. 1.1.11.7

6.8
2.0
4.5
.3

7. 1
2.0
4.8
.4

6.8
1.6
4.8
.4

7.1
1.9
4.8
.5

7.3
1.8
5.1
•4

7.1
7
1.8 8
4.9 9
.4 10

9.2

9.0

7.9

8.9

9.0

8.7 11

11.0
4.5
.2
.2
1.0
3.0

11.1
4.0
.2
.8
.5
2.5

9.4
2.3
.2
. 1.52.6

10.6
3.8
.2
.5
.6
2.5

6.5
1.9
4.3
.4

6.5
2.0
4.2
.3

7.0
2.0
4.7
.4

7.1
2.0
4.8
.3

8.5

9.4

9.6

9.5

20S.

NET INCREASE IN LIABILITIES
AT COMMERCIAL BANKS 4
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
REST OF THE WORLD
CONSUMERS

TOT.

10.9
4.4
.2
1.0
1.2
1.9

SAAR

1
2
3
4
5
6

4

1

20S.

I
2
3
4
5
6

SEASONALLY ADJUSTED

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES
1957
3

I
2
3
4
5
6

I

2

1956
3

7.8
.7
.2
.81.4

9.9
2.6
.3.7
2.1

9.4
2.2
•
.12.4

7.1
1.8
4.9
.5

7.3
1.9
5.0
.5

7.2
1.7
5.1
.4

7.5
2.0
5.0
.5

7.3
1.8
5.0
.5

6.4
1.4
4.6
.5

7.1
1.7
4.9
.5

6.6
1.6
4.6
.4

7.4
1.9
5.1
.5

6.9 7
1.7 8
4.8 9
.5 10

8.5

9.3

9.6

10.1

9.4

13.3

11.3

11.5

12.0

12.0 ll

171

4

1

2

4

TOT.

10.3
2.8
.2
. 12.8

9.3
2. 1
•
.12.2

13.8
7.4
.3
.3
6.9

10.9
3.8
.2
.54. 1

12.4
5.8
.9
•
4.9

12.4
4.9
.2
.1
4.8

12.4
5.5
.4
»
5.2

TOT.

I
2
3
4
5
6

TIME DEPOSITS AND SAVINGS ACCOUNTS

TIME DEPOSITS AND SAVINGS ACCOUNTS

TIME DEPOSITS AND SAVINGS ACCOUNTS

TABLE 20.

IN BILLIONS OF DOLLARS

SAAR

20S.

SEASONALLY ADJUSTED

ANNUAL RATES

SAAR

4

TOT.

1

2

1959
3

22.0
13.2
2.2
2.1
3.9
5.1

18.9
10.5
2.2
2.2
.2
5.8

12.8
3.8
.4.5.55.2

13.8
4.5
.4.6.2
5.0

16.9
8.0
.9
.8
.9
5.3

10.7
2.3
.4.5.2
3. 1

10.9
2.0
.4.31.54.2

8.4
.3.4.81.32.3

8. 1
.5
.4*
1.02.2

9.5
1.1
.4.4.93.0

AT SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS 2
SAVINGS AND LOAN ASSOCIATIONS 5
CREDIT UNIONS

8.8
2.5
5.9
.4

8.5
2.4
5.7
.4

9.0
2.3
6.1
.6

9. 3
2.2
6.5
.5

8.9
2.3
6. 1
.5

8.4
1.7
6.3
.4

8.9
1.5
6.8
.7

8.7
1.1
6.9
.6

7.7
.6
6.4
.6

8.4 7
1.2 8
6.6 9
.6 10

11MEMO-TOTAL, CONSUMERS AND NONPROFIT ORGS.

13.9

14.2

14.2

13.7

14.0

11.5

12.9

11.0

9.9

11.3 11

1

1
2
3
4
5
6

7
8
9
10

NET INCREASE IN LIABILITIES
AT COMMERCIAL BANKS 4
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
REST OF THE WORLD
CONSUMERS

1958
3

2

20S.

SAAR

7
8
9
10

NET INCREASE IN LIABILITIES
AT COMMERCIAL BANKS 4
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
REST OF THE WORLD
CONSUMERS
AT SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS 2
SAVINGS AND LOAN ASSOCIATIONS
CREDIT UNIONS

5

11MEM0— TOTAL, CONSUMERS AND NONPROFIT ORGS.

4

TOT.

1

2

4

TOT.

20.5
9.6
2.0
2.0
.3
5.3

15.3
5.8
.8
1.4
.3
3.3

24.8
13.6
5.6
.8
.1
7.0

20.5
9.3
1.2
1.1
.6
6.1

20.2
9.2
.8
1.0
1.1
6.2

18.2
5.5
2.4.8
.5
6.6

20.9
9.4
1.3
.9
.6
6.5

8. 1
.7
6.9
.5

8.7
.9
7.1
.6

10.2
1.8
7.9
.5

10.9
2.1
8.3
.6

9.5
1.4
7.6
.5

11.2
2. 1
8.3
.8

11.2
2.4
8.5
.4

11.0
1.9
8.2
.8

12.7
2.2
9.7
.8

11.5 7
2. 1 8
8.7 9
.7 10

8.8

11.7

14.8

16. 1

12.9

18.2

17.1

17.2

18.8

17.8 11

2

20S.

7
8
9
10

AT SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS 2
SAVINGS AND LOAN ASSOCIATIONS
CREDIT UNIONS

3

11MEM0- TOTAL, CONSUMERS AND NONPROFIT ORGS.




1962
3

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES
1963
3

1
2
3
4
5
6

4

4

TOT.

35.4
22.7
4.8
2.0
*
15.9

25.0
13.3
2.6
.6
.1
10. 1

23.5
10.2
.6
.4
.39.6

30.6
15.0
2.3
1.0
1.3
10.5

28.6
15.3
2.6
1.0
.3
11.5

1
2
3
4
5
6

12.7
2.7
9.1
1.0

11.7
2.6
8.6
.5

13.3
3.5
9.4
.4

15.7
3.7
11.2
.8

13.3
3.1
9.6
.7

7
8
9
10

28.6

21.6

22.9

25.7

24.7

11

1
NET INCREASE IN LIABILITIES
AT COMMERCIAL BANKS 4
HELD BY
CORPORATIONS
STATE AND LOCAL GOVERNMENTS
REST OF THE WORLD
CONSUMERS

SAAR

ANNUAL RATES
1961
3

1
2
3
4
5
6

19.6
9.4
1 .6
2.3
.9
4.6

7.7
.4.4.2
.9.7

SAAR

1
2
3
4
5
6

SEASONALLY ADJUSTED

TOT.

13.3
4.7
1.1
1.0
2.4

1
1
2
3
4
5
6

1960
3

4

2

172

1

2

TOT.

INSURANCE ♦ PENSION RESERVES

INSURANCE

TABLE 21, 22.

PENSION RESERVES

LIFE INSURANCE AND PENSION RESERVES

IN 1BILLIONS OF DOLLARS

21S.

SAAR

1

SEASONALLY ADJUSTED

1952
3

2

4
I.

1
2
3
4
5

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES 2
OTHER (FRATERNAL ORDERS)

3.6
.1
3.4
3.4
.1

2.7
.1
2.7
2.6
.1

3.8
*
3.8
3.7
.1

6

NET INCREASE IN ASSETS

3.6

2.7

3.8

CONSUMERS

TOT.

1

SAAR

ANNUAL RATES

2

1953
3

4

TOT.

LIFE INSURANCE RESERVES

2.7
2.7
2.6
.1

3.2
.1
3.2
3.1

3.1
*
3.0
2.9
.1

3.3
.1
3.2
3. 1
.1

2.9
.1
2.8
2.7
.1

3.4
.1
3.3
3.3
*

3.2
.1
3. 1
3.0
.1

1
2
3
4
5

2.7

3.2

3. 1

3.3

2.9

3.4

3.2

6

II. PENSION FUND RESERVES

7
8
9
10
11
12

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

13

NET INCREASE IN ASSETS

1

CONSUMERS

4.2
.9
.9
2.4
1.1
1.3

4.2
.8
.9
2.6
1.0
1.5

5.2
1.5
1.0
2.7
1.1
1.6

4.5
.7
1.0
2.8
1.2
1.6

4.5
1.0
.9
2.6
1.1
1.5

4.7
.7
1.1
2.9
1.3
1.7

4.6
.6
1.1
2.9
1.1
1.8

4.3
.3
1.2
2.9
1.0
1.8

4.8
.5
1.2
3.0
1.1
1.9

4.6 7
.5 8
1.2 9
2.9 10
1.1 11
1.8 12

4.2

4.2

5.2

4.5

4.5

4.7

4.6

4.3

4.8

4.6 13

21S.

SAAR
1

SEASONALLY ADJUSTED

1954
3

2

4

I.

1
2
3
4
5

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES 2
OTHER (FRATERNAL ORDERS)

6

NET INCREASE IN ASSETS

CONSUMERS

3.1
.13.2
3.2
*

3.3
.23.5
3.5
.1

2.7
.43.1
3.0
.1

3.1

3.3

2.7

TOT.

1

SAAR

ANNUAL RATES
2

1955
3

4

TOT.

LIFE INSURANCE RESERVES

3. 1
.53.6
3.6
.1

3.1
.33.4
3.3
.1

3.2
.43.6
3.5
.1

3.0
.23.2
3.2
.1

3.5
*
3.5
3.5
.1

3.1
.2
2.9
2.8
-1

3.2
. 13.3
3.2
.1

1
2
3
4
5

3.1

3.1

3.2

3.0

3.5

3.1

3.2

6

II. PENSION FUND RESERVES

7
8
9
10
11
12

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

13

NET INCREASE IN ASSETS

1

CONSUMERS

4.9
.6
1.2
3.1
1.0
2.1

5.0
.5
1.3
3.2
1.2
2.0

4.2
.11.3
3.0
1.2
1.8

5. 1
.7
1.3
3.2
1.2
2.0

4.8
.4
1.3
3.1
1.2
2.0

5.0
.5
1.3
3.3
1.4
1.9

5.5
.7
1.3
3.5
1.3
2.1

5.6
.9
1.3
3.4
1.3
2.1

5.9
.7
1.3
3.9
1.3
2.7

5.5 7
.7 8
1.3 9
3.5 10
1.3 11
2.2 12

4.9

5.0

4.2

5. 1

4.8

5.0

5.5

5.6

5.9

5.5 13

21S.

SAAR
1

SEASONALLY t&DJUSTED

1956
3

2

4

I.

1
2
3
4
5

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
OTHER (FRATERNAL ORDERS)

6

NET INCREASE IN ASSETS

2

CONSUMERS

3.3
.2
3.0
3.0
.1

4.0
.2
3.8
3.7
.1

4.0
.2
3.8
3.7
.1

3.3

4.0

4.0

TOT.

1

SAAR

ANNUAL RATES
2

1957
3

4

TOT.

1life in:SURANCE RESERVES

3.9
.1
3.8
3.7
.1

3.8
.2
3.6
3.5
.1

3.4
.1
3.3
3.2
.1

3.0
.2
2.9
2.8
.1

2.9
.2
2.7
2.6
.1

2.1
.2
1.9
1.8
.1

2.9
.2
2.7
2.6
.1

I
2
3
4
5

3.9

3.8

3.4

3.0

2.9

2.1

2.9

6

II. PENSION FUND RESERVES
7
8
9
10
11
12

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

13

NET INCREASE IN ASSETS




1

CONSUMERS

5.0
.5
1.4
3.2
1.1
2.1

5.9
.7
1.4
3.7
1.2
2.5

7.2
1.9
1.5
3.8
1 .2
2.6

5.3
.4
1.5
3.3
1.2
2.1

5.8
.9
1.5
3.5
1.2
2.3

6.2
.4
1.6
4.3
1.3
2.9

6.6
.5
1.6
4.4
1.5
3.0

6.1
•
1.7
4.4
1.8
2.6

7.0
.8
1.7
4.5
1.9
2.6

6.5
7
.4 8
1.6 9
4.4 10
1.6 11
2.8 12

5.0

5.9

7.2

5.3

5.8

6.2

6.6

6.1

7.0

6.5 13

173

INSURANCE ♦ PENSION RESERVES

INSJRANCE + PENSION RESERVES

TABLE 21, 22.

LIFE INSURANCE ANO PENSION RESERVES
IN 1MILLIONS OF OOLLARS

SAAR

21S.

1

2

SEASONALLY ADJUSTED

1958
3

1
2
3
4
5

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
OTHER (FRATERNAL ORDERS)

6

NET INCREASE IN ASSETS

2

CONSUMERS

2.6
.1
2.5
2.4
.1

2.8
•
2.8
2.7
.1

3.7
.13.8
3.7
.1

2.6

2.8

3.7

TOT.

4

I.

1

SAAR

ANNUAL RATES

2

1959
3

4

TOT.

LIFE INSURANCE RESERVES

4. 1
. 14.2
4.2
.1

3.3

3.3
3.3
.1

3.8
•
3.8
3.7
.1

4.8
.1
4.7
4.6
.1

3.1
.2
2.9
2 .€f
.1

3.5
.3
3.2
3.1
.1

3.8
.2
3.6
3.5
.1

1
2
3
4
5

4. 1

3.3

3.8

4.8

3.1

3.5

3.8

6

»

II. PENSION FUNO RESERVES

7
8
9
10
11
12

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

13

NET INCREASE IN ASSETS

1

CONSUMERS

8.0
1.0
1.8
5.2
1.8
3.3

6. 1
.5
1.9
3.7
1.6
2.1

7.5
1.2
1.9
4.4
1.4
3.0

7.4
1.0
1.9
4.4
1.2
3.2

7.3
.9
1.9
4.4
1.5
2.9

7.7
1.0
1.8
4.9
1.6
3.3

7.4
.4
1.7
5.3
1.7
3.6

7.5
1.5
1.6
4.5
2.1
2.4

8.2
.8
1.5
6.0
2.5
3.5

7.7 7
.9 8
1.6 9
5.2 10
2.0 11
3.2 12

8.0

6.1

7.5

7.4

7.3

7.7

7.4

7.5

8.2

7.7 13

21S.

SAAR
1

2

SEASONALLY IADJUSTED

1960
3

4

I.

1
2
3
4
5

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
OTHER (FRATERNAL ORDERS)

6

NET INCREASE IN ASSETS

2

CONSUMERS

4.0
.3
3.8
3.7
.1

3.3
.1
3.2
3.1
.1

3.6
*
3.6
3.5
.1

4.0

3.3

3.6

TOT.

1

SAAR

ANNUAL RATES
2

1961
3

4

TOT.

LI FE IN!5URANCE RESERVES

3.2
. 13.3
3.2
.1

3.5
.1
3.5
3.4
.1

3.9
. 14.0
3.9
.1

3.7

4.0
.1
3.9
3.8
.1

3.6
.2
3.5
3.4
.1

3.8

3.7
3.6
.1

3.8
3.7
.1

1
2
3
4
5

3.2

3.5

3.9

3.7

4.0

3.6

3.8

6

»

»

II. PENSION FUND RESERVES
7
8
9
10
11
12

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
STATE AND LOCAL GOVERNMENTS 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS 1

13

NET INCREASE IN ASSETS

CONSUMERS

7.3
.9
1.5
4.9
1.4
3.5

7.8
1.4
1.7
4.8
1.5
3.3

7.8
.7
1.9
5.2
1.3
4.0

6.9
.8
2.1
3.9
1.0
2.9

7.4
.9
1.8
4.7
1.3
3.4

7.8
.8
2.5
4.5
1.2
3.3

8.8
1.6
2.9
4.4
1.3
3.1

8.7
.7
3.2
4.8
1.2
3.6

9.9
.7
3.3
5.9
1.8
4. 1

8.8 7
.9 8
3.0 9
4.9 10
1.4 11
3.5 12

7.3

7.8

7.8

6.9

7.4

7.8

8.8

8.7

9.9

8.8 13

21S.

SAAR

1

2

SEASONALLY ADJUSTED

1962
3

TOT.
I.

1
2
3
4
5

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES 2
OTHER (FRATERNAL ORDERS)

4.3
.2
4. 1
4.0
.1

3.8
.2
3.6
3.5
.1

4.5
.1
4.4
4.3
.1

6

NET INCREASE IN ASSETS

4.3

3.8

4.5

CONSUMERS

1

SAAR

ANNUAL RATES

2

1963
3

4

TOT.

LIFE INSURANCE RESERVES

4. 3
.1
4.2
4. 1
-1

4.2
.1
4.1
4.0
.1

1
2
3
4
5

4.3

4.2

6

II. PENSION FUND RESERVES

7
8
9
10
11
12

NET CHANGE IN LIABILITIES
U.S. GOVERNMENT 1
STATE AND LOCAL GOVERNMENTS 1
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS' 1

8.3
.8
3. 1
4.5
l.l
3.3

10.2
1.7
2.7
5.7
1.4
4.3

7.4
.5
2.3
4.6
1.4
3.2

8.2
1.0
2.0
5.2
1.5
3.7

8.5
1.0
2.5
5.0
1.4
3.6

7
8
9
10
11
12

13

NET INCREASE IN ASSETS

8.3

10.2

7.4

8.2

8.5

13




CONSUMERS

174

U.S. GOVT. SECURITIES

U.S. GOVT. SECURITIES

TABLE 23.

U.S. GOVT. SECURITIES 1

IN BILLIONS OF DOLLARS

SAAR

23S

1
2
3
4

NET CHANGE IN U.S. GOVT. LIABILITIES
SAVINGS BONDS - CONSUMER-HELD
SHORT-TEHM DIRECT MARKETABLE 2
OTHER

5

NET CHANGE IN ASSETS

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

3

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIES h
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER
NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

1

2

9.2
.610.5
.8-

3.1
.24.3
1.0-

1952
3

.7•
13.2
13.9-

.9—

SEASONALLY ADJUSTED
4

4.4
.17.0
2.5-

4. 1

5.0

4.3

14.2

2.9
2.8
.9
1.3
.41.9
3.4
1.5-

.1. i1.3
3.3
2.11.413.8
15.2-

3.22.92.3
5.6
3.45.29.4
14.5-

10.1
9.9
1.8
1.6
.3
8.0
2.910.9

2.42.1.51.61.1
1.615.8
17.4-

.4
.5.6.1
.5.9-

2.5.5

.4
1.4
.9

1.1
.6.6.1
2.01.6.1.23.7
3.4

.5
1.3
.1
.1
1.2
4.44.1-

1.2
•
. 4.4
. 1.5.1
.3
1.3
1.6

.1
. 1.4.3
.3.7•
.4
.5
.4

.3
•
.3
.1
.7.2
.7
.5.4-

.3.2
. 1.3
.5
•
.2
.2
.9.9-

.2
.2.3•
.8.7.1.1
1.2
1.2

.3.4.4•
.1
.3.4
.1
•
*

.1-■14
•
15
.2- 16
.1 17
«
18
.4-•19
.2 20
.3 21
. 1- 22
* 23
.5 24
.7 25

«

»

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

1.6.51.1-

1.7l.l
2.8-

1.9
6.1
4.1-

2.0
5.07.0

.5.6.1
2.81.7

6.0.25.83.5
.8

2.8
•
2.7
2.81.9
.2

.6

.4-

SAAR

23S.

5

NET CHANGE IN ASSETS

6

7
8
9
10
11
12
13

14
15
16
17
18
19
20
21
22
23

3

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIES h
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER
NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

24
25

REST OF THE WORLD 7
SHORT-TERM DIRECT

26
27
28

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

29
30
31
32
33
34

CONSUMER AND NONPROFIT
SAVINGS BONDS
MARKETABLE SECURITIES
NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 3




1
2
3
4

5.2

26
27
28

NET CHANGE IN U.S. GOVT. LIABILITIES
SAVINGS BONDS - CONSUMER-HELD
SHORT-TEHM DIRECT MARKETABLE 2
OTHER

5.1
•
16.5
11.4--

2.5
1.3
.9
1.52.3
.4
4.6
4.2-

.7
•1

I
2
3
4

TOT.

4.52.03.1
5.9
2.85.13.6
8.7-

1.7
1.4

3

4
3.3.1
12.9
16.4-

3.8
2.7
.11.5
1.62.8
2.75.5

1.4
1.5

DISCREPANCY

14.3
•
.815.1

3.5

.5
2.0

34

2
4.6
no26.8
21.3-

8.6

REST OF THE WORLD 7
SHORT-TERM DIRECT

CONSUMER AND NONPROFIT
SAVINGS BONDS
MARKETABLE SECURITIES
NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS

1
5.0
.8
27.1
22.9-

1953
3

9.6
9.2
.3.7.5
9.4
8.2
1.2

24
25

29
30
31
32
33

TOT.

5.9
.4
.25.7

SAAR

ANNUAL RATES

1

2

.4.613.013.2

4.5
.6
15.819.7

1954
3

.4.6
16.015.0

3.8-

4.9

5

1.1
1.2
1.2
2.2
1.0•
9.0
9.0-

6
7
8
9
10
11
12
13

.4
.6

.9
1.2

.4
.8

.2
.2

.2
.4
.3-

4.6
8.3
3.7-

6.6
10.5
4.0-

3.8
.74.5

1.62.2.6

3.3 26
4.0 27
.6- 28

2.2
.4
1.8
1.71.5

.4—
.1.3.91.5

.3.8
1.14.0
.9

4.4
1.05.4
.1
2.1

1.6•
1.63.0
2.4

1.9.1
2.0.8l. 1

.1
•
.2
1.6
1.6

.6

.3

.3

.1

.5

1.1
1.2

»

SEASONALLY ADJUSTED

4

TOT.

3.5
.7
2.35.1

1.8
.3
11.813.3

1

2

1.4.3
21.219.4

6.8
•
16.123.0

2.2.316.6
18.6-

.2 34

SAAR

ANNUAL RATES

1955
3

29
30
31
32
33

4

1.1
•
7.58.6

TOT.

l.l
•
7. 18.1

1
2
3
4

.8

5

3.4

2.0

1.4-

6.7

2.1-

.1

2.0
2.3
.21.5
1.82.5
12.915.4

10.2
10.4
.2
1.6
1.310.2
9.319.5

1.1
4.1
3.23.5.4
7.3
6.914.2

2.4
1.7
.810.2
11.02.4
13.516.0

3.9

6.9—

9.6—

8.9-

7.6 — 6

10.5.7
7.3
6.611.12.78.4-

6.6.3
.6
.36.94.22.6-

7.1- 7
.1- 8
1.3 9
1.5- 10
6.9 — 11
8.5- 12
1.6 13

.2.9• 6.3.3.6-

.2
1.0
.9

.2.3.5.2
1.11.2.1.2
1.2
1.3

3.0.91.0.1
1.31.3•
.1
.91.0-

.7
.7
.3
.4
.4
.1
.2
.2
. 4.8-

.8
.1
.2.4
.6
•
.5
.1
.1
•

2.3.3
. 1.4
2.11.9.2
.4.4.5-

.5-14
. 1 15
.2-•16
.4 17
.3- ia
.5-■19
.3 20
. 1- 21
.4-•22
.5- 23

.8
.7

.3.5-

.3
•

.8
.2

1.2
.9

1.1 24
.7 25
7.4 26
.2 27
7.1 28

.3-

»

5.1

.3-

4.6
1.02.4
3.45.6
10.716.3

6.4.1.7
.86.317.210.9

5. 14.91.53.21.8
3.49.96.5

.7.4.5.1
.6.8-

.2
.2
.1

.6.1
.3.4
.1
.2
.1
.1.8.6-

.2.1
.3.4
.3
.2.4
.1
.6.8-

.2
.3

.2
.1

.6
.2

1.5
1.4
10.2
3.613.9

6.7
10.9
4.3-

7.7
3.210.9

3.8
•
3.9
6.0
.4

3.0
.33.3
2.3
1.3

.8
•
.8
4.9
1.9

.1

.1-

1.0

»

3.12.7.4—

4.87.32.5

1.73.51.7

.7
1.3
.6-

2.23.0.8

5.0
3.18.0

3.0.62.42.12.1

1.8.6
2.35.32.2

3.1.6
3.7.5
.9

1.5
.7
.9
2.41.6

1.6.3
1.92.31.7

.8
.3
.5
3.5
.7

.1-

.5-

175

•

.2

.1-

.1-

2.1
•
2.1
4.2
1. 1

29
30
31
32
33

.2 34

U.S. GOVT. SECURITIES

U.S. GOVT. SECURITIES

TABLE 23.

U.S. GOVT. SECURITIES 1

IN BILLIONS OF DOLLARS

23S.

SAAR

1
2
3
4

NET CHANGE IN U.S. GOVT. LIABILITIES
SAVINGS BONOS - CONSUMER-HELD
SHORT-TEHM DIRECT MARKETABLE 2
OTHER

5

NET CHANGE IN ASSETS

6
7
8
9
10
11
12
13

14
15
16
17
18
19
20
21
22
23

3

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIES U
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER

NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

1

2

2.5•
6.9
9.4-

11.4.26.6
17.8-

2.?2.51.51.1
1.3
.22.64.3
6.9-

1.0.3
.3.6
2.22.2.2
.2.9
.8

1.2.1
.4.5
.9.5.1.3.4.4-

1956
3

SEASONALLY ADJUSTED
4

TOT.

1

2

1957
3

8.4
2.812.4
1.3-

13.32.117.4
28.6-

6.6
2.26.715.5

4.71.91.11.7-

.72.25.5
4.0-

8.3

13.4-

6.5

5.9-

l.l- 5

6.6
6.3
1.51.2.37.8
6.8
1.0

13.012. 12.02.5.5
10.15.6
15.7-

4.0
4.5
.3
.9
.74.2
3.57.7

1.11.0.3
.3
1.21.2•

.9- 6
.6- 7
.7- 8
.7- 9
. 1-10
.2 11
1.9 12
1.7-13

.9.2
.2.4
.7.6.1
.2.4.4-

.5.6
.1.7
1.0.5.2.3•
.1

. 1.2.5.3
.8• 4—
.2.1.8
.9

.3-14
.3 15
.3-16
.6 17
.9-18
.5-19
.2-20
.2-21
.2 22
.3 23

.4
.1

1.1.6-

1.7
1.3

7.2.48.9
15.6-

1.0.77.2
7.5-

12.5-

7.2-

1.6-

5.9-

9.07.8.81.4
2.27.04.0
11.0-

5.34.8.8.6.24.06.4
10.4-

.2
1.9
1.4
3.4
2.0.5
4.3
3.8-

4.23. 1.2
1.4
1.23.34.8
8.0-

.5.6.6
1.2.8.1.3.7
.1

1.8.2
.4.6
1.5.5.7.2.4.5-

1.1.2
.4.6
1.51.0.2.3.2
•

.4
.8
.21.0
1.0.5.5.1.5
.6

.3
.2

.7
.4

.8
.7

.8
1.1

♦

5.5.37.4
12.6-

SAAR

ANNUAL RATES

.3.7-

4

TOT.

1
2
3
4

.2 24
* 25

24
25

REST OF THE WORLD 7
SHORT-TERM DIRECT

1.5
3.0

26
27
28

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

1.32.1.8

3.8.7
4.5-

2.71.6
4.3-

2.7.32.3-

2.6-

2.0
5.7
3.7-

.812.4
13.2-

3.5
3.36.9

6.41.84.7-

.4-26
3.3 27
3.7-28

2.2
•
2.1
5.82.4

1.2
.21.5
5.8.7

2.0
.42.4
4.9.3

2.1.71.31.3.7

.8
.31.2
4.51.0

.4
2.83.1
.8
.8

1.22.1.9
1.01.4

4.6
2.26.8
1.3.3

5.81.93.9.2.4-

.5-29
2.2-30
1.7 31
.4-32
.5 33

.7

.4

.1

.1

.2

1.2

29
30
31
32
33
34

CONSUMER AND NONPROFIT
SAVINGS BONDS
MARKETABLE SECURITIES
NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 3

.2-

1.1

SAAR

23S.

I
2
3
4

NET CHANGE IN U.S. GOVT. LIABILITIES
SAVINGS BONDS - CONSUMER-HELD
SHORT-TERM DIRECT MA IKETABLE 2
OTHER

5

NET CHANGE IN ASSETS 3

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

•

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIES U
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER
NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNOS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

2.6»

SEASONALLY ADJUSTED

1

2

1958
3

5.7
.79.8
3.4-

15.1
.717.833.6

6.9.53.43.0-

19.3
.96.5
13.7

4

5.7

14.6

6.9-

20.6

17.6
18.3
3.1
4.6
1.515.1
12.5
2.6

25.8
24.2
5.5
4.6
.8
18.7
5.023.7

7.36.12.72.1.63.43.0.3-

9.0
5.2
2.8
8.911.7
2.4
.83.2

.7—
1.2.6.6—
.3•
•
.3.8
.6

1.6
•2
.6.7
.4.1.3•
1.8
1.0

1.21.0
.31.3
.7
.5
.1.3
3.02.32.5
2.0

TOT.

8.3
.71.210.2

8.7

5

1.5

8.710.31.1
8.29.3
11.46.05.4-

10.58.9—
1.82.6.9
7.14.8
11.9-

7.2-• 6
7.9-- 7
.3 6
2. 3-■ 9
2.6 10
8.2-•11
3.1-■12
5.2- 13

3.9
1.4
.2
1.2
1.2
.2
.5
.5
1.3
.7

.9
.4
.3.7
.3
.2
•
•1
.2
•

1.3
1.0
.11.1
.3
.2.1
.3
•
.3-

1.6
1.1
.1
1.0
1.1
.2
.5
.3
.6.2-

1.6
.6
.3.9
.2.6.1
.3
1.3
.5

1.6.6.9.2
.2.6.2
.3
.8.8-

.7 14
.5 15
.3-•16
.8 17
.2 18
.3-•19
.2 20
.3 21
»
22
.2- 23

.9
.5

•1
.1-

1.8
1.8

4.1
3.8

3.8
Z.8

2.4
1.8

3.0 24
2.5 25

11.3
5.6
5.6

15.9
12.1
3.8

14.7
7.6
7.1

9.6
7.1
2.6

12.9 26
8.1 27
4.8 28

10.116.26.1

2.11.4
3.5-

10.5
13.0
2.5-

2.91.91.0-

6.8.7—
6.13.0.2-

3.9.73.24.02.2-

4.2.5—
3.72.0
.2

5. 1
.96.0
5.1
.4

2.5.71.7»
.4-

1.3-

.2-

176

1
2
3
4

9.8

9.9—
6.04.0-




9.3
2.0-5.5
5.8

9.010.6.1
.91.0
10.71.0
11.7-

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

.5

TOT.

11.1

26
27
28

.1-

4
3.1
2.510.4
4.7-

.51.91.8
2.4
.53.712.18.4

l.ll.l-

DISCREPANCY 3

10.2
2.13.115.4

12.5

1.91.9—

34

2
11.4
2.117.2
3.8-

8.5

REST OF THE WORLD 7
SHORT-TERM DIRECT

CONSUMER ANO NONPROFIT
SAVINGS BONDS
marketable SECURITIES
NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS

1

12.5
1.32.416.3

11.3
10.4
2.2
.42.6
8.2
.9
7.3

24
25

29
30
31
32
33

SAAR

ANNUAL RATES

1959
3

.4 34

4.7
1.36.0
5.8
.8

.1

8.4
2.110.5
6.4
1.0
.4

6.7
2.18.8
4.9
3.0

9.2
2.511.7
1.82.2

.4

1.6

7.2 29
2.0-•30
9.3 31
3.8 32
1.8 33
.6 34

U.S. GOVT. SECURITIES

U.S. GOVT.

TABLE 23.

SECURITIES

U.S. GOVT. SECURITIES 1

IN BILLIONS OF DOLLARS
23S.

SAAR

1
2
3
4

NET CHANGE IN U.S. GOVT. LIABILITIES
SAVINGS BONDS - CONSUMER-HELD
SHORT-IEHM DIRECT MARKETABLE 2
OTHER

5

NET CHANGE IN ASSETS 3

6
7
8
9
10
ll
12
13

14
15
16
17
18
19
20
21
22
23

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIES U
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER
NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

1960
3

SEASONALLY ADJUSTED
4

SAAR

ANNUAL RATES

1961
3

4

TOT.

I

2

1.2
.5
18.0
17.3-

8.L
.7
15.1
7.6-

2.2-

1.3

9.8

2.9
2.7
.7
3.44. 1
2.0
3.5
1.5-

8.3
8.2
1.9
7.3
5.46.4
10.9
4.5-

8.4
8.9
.2
5.75.9
8.7
20.0
11.3-

15.9
12.2
1.1
4.86.0
11.1
6.6
4.5

1.3
.1
2. 8
12.9
10. 12.79.06.3

8.4 6
7.4 7
1.5 8
2.4 9
.9-10
5.9 11
7.1 12
1.2-13

.2.3
. 3.5
1.0.1
.7.3.6
.7

.2
.4.6.1
.4—
.4•
•
1.1
.7

•
.6
.1
.6
.2
.1.3
.1.81. 1-

.5.2
.3.5
.9.3.5-

3.6
.2
.1.4
.2.3*
.1
3.5
#

1.2
1.0
.2
.9
.6
.4.7
.3
.5.5

1.1 14
.5 15
.1-16
.6 17
.1-18
.3-19
.1 20
.1 21
.6 22
.1-23

1. 3
.7

.6
.3

.5
.3-

.6.6-

l.l
.2

.8
*

.4 24
.2-25

1

2

3.01.214.712.9

1.7.511.610.5

5.1.217.3
22.1-

2.5-

1.6-

5.2-

7.58.2.78.07.3
7.56.11.4-

1.7
1.4
2.9
13.9
10.91.57.76.2

7.9
7.8
.9
2.5
1.66.9
15.6
8.7-

9.4
9.6
.422.121.8
9.9
12. 1
2.2-

.7
.3.7.4
.1.6.3
.3
1.1
.6

.3
.7.7*
.5.8.2
.2
1.4
.3

.1
1.0.5.4.1.3.2
.11.2
1.1

•
.6-

.6.2-

.5.2
11.210.5

.4

TOT.

2.6.45.12.9

«

.2
.3

15.0
.7
.9
13.5

4.7
.9
11.3
7.5-

15.1

5.0

7.3
.7
11.3
4.7-

1
2
3
4

7.8

5

24
25

REST OF THE WORLD 7
SHORT-TERM DIRECT

1.6
1.3

26
27
28

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

3.3
3. 16.4

3.314.911.6

12.53.09.6-

10.33.27.2-

5.76.0.3

7.4.4
7.8-

2.1
.42.5

1.81.5.3-

2.9
5.4
2.5-

1.1-26
1.0 27
2.0-28

2.0
1.23.3
.21.5

2.1.51.52.91.6

4.4.24.26.02.1-

8.7.2
8.91.7*

3.3.42.82.7.2

7.3.5
7.8.9.7

2.3.7
2.93.7
.6

2.6
.7
1.9
4.0.4-

3.2
.9
2.4
.5.2

.9-29
.7 30
1.6-31
.4-32
.3 33

.9-

.3-

. 1-

1.7-

. 1-

.3-

.5-34

29
30
31
32
33
34

CONSUMER AND NONPROFIT
SAVINGS BONDS
MARKETABLE SECURITIES
NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS

DISCREPANCY 3

.5-

•

SAAR

.1

23S.
1962
3

SEASONALLY ADJUSTED

TOT.

1

SAAR

ANNUAL RATES

4

TOT.

1

2

1
2
3
4

NET CHANGE IN U.S. GOVT. LIABILITIES
SAVINGS BONDS - CONSUMER-HELD
SHORT-TERM DIRECT MARKETABLE 2
OTHER

15.4
.1
17.8
2.4-

8.6
.4
2.0
6.3

4.1.6
12.47.7

9.7
.2
2.4
7.2

7.4
.3
2.4
4. 7

1
2
3
4

5

NET CHANGE IN ASSETS 3

15.2

9.3

3.9-

9.8

7.6

5

10.6

3.9-

7.8

3.9

6.4-

5.4
.2
5.2
4.2
9.5
5.3-

1.0
.7
.3
2.1
1.8.4
.4.8

1.0
.8
.3
.5
.3
.2
.1
*
. 1.9

.3
.5.1.4.3
. 1.3
*
.5
.5-

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

FINANCIAL SECTORS
COMMERCIAL BANKING
MONETARY AUTHORITIES U
SHORT-TERM DIRECT
OTHER
COMMERCIAL BANKS
SHORT-TERM DIRECT
OTHER
NONBANK FINANCIAL SECTORS
SAVINGS INSTITUTIONS 5
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS
INSURANCE
LIFE INSURANCE
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
FINANCE N.E.C. 6
BROKERS AND DEALERS

9.6

4

2

1963
3

5. L

2.2

.2.2
.56.211.55.3

2.5
2. 14.7
2.6
1.64.2

2.0
.1
1.9
.2
1.01.3

6
7
8
9
10
11
12
13

2.5
.8
.1
.7
.5
.1
.3
.1
1.2
.9

2.6
.4
.1
.3
.6
. 1.4
.3
1.6
1.9

1.6
.4
.1
.3
.4
*
.3
.1
.8
.8

14
15
16
17
18
19
20
21
22
23

24
25

REST OF THE WORLD 7
SHORT-TERM DIRECT

.7
1.9

2.6
3.0

1.2
2.0

.7
.8

1.3
1.9

24
25

26
27
28

PRIVATE DOMESTIC NONFINANCIAL SECTORS
SHORT-TERM DIRECT
OTHER

3.9
4.0
. 1-

5.7
1.16.9

1.33.72.4

1.3
4.5
3.2-

2.4
.9
1.5

26
27
28

1.9.1
2.01.9
3.9

3.9
.4
3.5
.4
1.4

.1
.6
.52.0.7

.9
.2
.7
.7
.3-

.7
.3
.4
.3
1.4

29
30
31
32
33

29
30
31
32
33

34

CONSUMER AND NONPROFIT
SAVINGS BONOS
MARKETABLE SECURITIES
NONFINANCIAL CORPORATIONS
STATE AND LOCAL GOVERNMENTS
DISCREPANCY 3




.2

.7-

177

.2-

*

.2-

34

STATE ANO LOCAL OBLIGATIONS

STATE AND LOCAL OBLIGATIONS

STATE ANO LOCAL OBLIGATIONS

TABLE 24.

IN BILLIONS OF DOLLARS
24S.

SAAR

1952
3

SEASONALLY ADJUSTED
4

TOT.

SAAR

ANNUAL RATES

1953
3

4

TOT.

1

2

1

NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

2.6

3.4

3.9

1.4

2.8

3.0

3.4

4.3

4. 7

3.9

1

2
3

NET CHANGE IN ASSETS
STATE AND LOCAL GOVERNMENTS

2.6
.2

3.4
.2

3.9
.3

1.4
.3

2.8
.2

3.0
.3

3.4
.3

4.3
.3

4.7
.3

3.9
.3

2
3

3.3
1.4
.1
1.7
.1.4
.1.5

3.6
2.0
.1
1.3
.1
.5
.2
.3

1.0
.4.1
.6
.2
.5
.1
.4

2.6
l.l
.1
1.0
.2
.4
•
.4

2.7
1.3
•
.7
.3
.4

3.1
2.1
.1
.2
. 1.9
.1
.8

3.9
2.0
.1
.6
.1
1.0
.2
.9

4.3
1.1
.1
I. 1
•
l.l
.3
.8

3.5 4
1.6 5
.1 6
.6 7
.1 8
.9 9
.1 10
.7 11

4
5
6
7
8
9
10
11
12

2.4
OTHER I
1.3
CONSUMER AND NONPROFIT
•
CORPORATE BUSINESS
.4
COMMERCIAL BANKING
SAVINGS INSTITUTIONS (MUTUAL SAVINGS BANKS) .4
.2
INSURANCE
.3LIFE INSURANCE COMPANIES
.5
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

24S

SAAR

1

2

1954
3

I

»

.4

SEASONALLY ADJUSTED
4

TOT.

1

2

ANNUAL RATES
2

SAAR

1955
3

4

TOT.

1

NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

4. 1

6.0

3.6

4.3

4.5

3.2

2.4

3.9

4.4

3.5

I

2
3

NET CHANGE IN ASSETS
STATE AND LOCAL GOVERNMENTS

4. 1
.3

6.0
.3

3.6
.3

4.3
.3

4.5
.3

3.2
.3

2.4
.3

3.9
.5

4.4
.5

3.5
.4

2
3

3.8
OTHER I
.7
CONSUMER AND NONPROFIT
CORPORATE BUSINESS
.2
1.7
COMMERCIAL BANKING
SAVINGS INSTITUTIONS (MUTUAL SAVINGS BANKS) .2
INSURANCE
1.3
.5
LIFE INSURANCE COMPANIES
.8
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

5.6
1.2
.3
2.3
.3
1.5
.8
.7

3.3
.1.2
1.6
.1
1.4
.5
.9

3.9
1.3
.2
1.6
.1
l.l
.4
.8

4.2
.8
.2
1.8
.2
1.3
.5
.8

2.9
*
.2
1.2
.2
1.1
.4
.7

2. 1
2.2
.2
.9•
.6
•
.6

3.5
2.0
.3
•2
•
.9
.1
.8

4.0
2.7
.3
•
. 11.3
.2
1.1

3.1
1.7
.3
.1

4
5
6
7
8
9
10
11
12

24S.

SAAR

1956
3

SEASONALLY ADJUSTED
4

3.2

4.0

4.4

4.9

5.3

4.6

1

4.0
.5

4.4
.5

4.9
.5

5.3
.5

4.6
.5

2
3

3.5
2.7

.4

3.9
1.8
.1
.7

.7
.1.8

1.0
.2
.8

4.3
2.4
.2
.8
•
.7
.1
.6

4.8
1.3
.3
2.2
•
.7
.2
.5

4.1 4
2.1 5
.1 6
1.0 7
*
8
.8 9
.1 10
.7 11

4.6

2.9

2.2

3.2

NET CHANGE IN ASSETS
STATE AND LOCAL GOVERNMENTS

4.6
.5

2.9
.5

2.2
.5

3.2
.5

OTHER 1
4.1
CONSUMER AND NONPROFIT
2.4
CORPORATE BUSINESS
.2
COMMERCIAL BANKING
.1
SAVINGS INSTITUTIONS(MUTUAL SAVINGS BANKS) .2
INSURANCE
1.2
LIFE INSURANCE COMPANIES
.4
OTHER INSURANCE COMPANIES 2
.8
FINANCE N.E.C. 3

2.4
1.7
.1
.3
.1.8

1.7
.2
.1
.7
•
.9
.2
.6

2.7
2.1
.2
.3•
.9
.2
.7

2.7
1.6
.1
.2
•
1.0
.2
.7

178

4

3.2
.5

1

2
3




1957
3

2

2

.8

SAAR

ANNUAL RATES

1

TOT.

1

NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

4
5
6
7
8
9
10
11
12

4
5
6
7
»
8
1.0 9
.2 10
.8 11

TOT.

STATE ANO LOCAL OBLIGATIONS

STATE ANO LOCAL OBLIGATIONS

TABLE 24

STATE ANO LOCAL OBLIGATIONS

IN BILLIONS OF DOLLARS

SAAR

24S.
1958
3

SEASONALLY ADJUSTED

4

1

2

1

NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

6.4

6.5

4.9

4.2

2
3

NET CHANGE IN ASSETS
STATE AND LOCAL GOVERNMENTS

6.4
.5

6.5
.5

4.9
.5

4.2
.5

6.0
.6.4
5.0
•
1.0
.4
.7

4 .4
1.0
.5
2.1
•
l.l
.3
.8

3.8
1.1
.7
1.1
•
1.0
.4
.6

4
5
6
7
8
9
10
ll
12

5.9
OTHER I
1.9
CONSUMER AND NONPROFIT
.3
CORPORATE BUSINESS
COMMERCIAL BANKING
2.1
SAVINGS INSTITUTIONS (MUTUAL SAVINGS BANKS) . 1
.9
insurance
LIFE INSURANCE COMPANIES
.2
.7
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

SAAR

24S.
1960
3

1959
3

4

TOT.

1

2

5.5

3.8

5.8

6.3

3.0

4.7

1

5.5
.5

3.8
.5

5.8
.5

6.3
.3

3.0
.3

4.7
.4

2
3

5.0
.9
.5
2.6
•
1.0
.3
.7

3.4
.1
1. 1
.5
.1
1.3
.5
.8

5.3
2.4
.9
.5
.11.7
.7
1.0

6.0
3.3
.3
.3
•
2.2
.5
1.6

2.7
.8
.3
.3
. 1.9
.3
.6

4.4 4
1.7 5
.7 6
.4
7
•
8
1.5 9
.5 10
1.0 ll

TOT.

SEASONALLY ADJUSTED

4

SAAR

ANNUAL RATES

SAAR

ANNUAL RATES
1961
3

4

TOT.

1

2

1

NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

2.7

3.3

5.4

3.3

3.7

4.0

3.8

5.9

6.3

5.0

I

2
3

NET CHANGE IN ASSETS
STATE ANO LOCAL GOVERNMENTS

2.7
.1

3.3
.1

5.4
.2

3.3
*

3.7
.1

4.0
•

3.8
•

5.9
•

6.3
•

5.0
*

2
3

3.2
2.9
.5.8. 11.3
.3
1.0

5.2
2.4
.71.5
*
1.7
.8
.9

3.2
•
.52.3
. 11.6
.4
1.2

3.6
1.7
.2.6
•
1.4
.4
1.0

3.9
.5.33. 1
•
1.3
.3
1.0

3.8
1.5
.11.3
.1
1.3
.3
1.0

6.0
1.0
.2
3.5
1.2
.2
1.0

6.3
2.1
.2
3.2
•
1.3
.4
.9

5.0 4
1.0 5
•
6
2.8 7
•
8
1.3 9
.3 10
1.0 ll

4
5
6
7
8
9
10
11
12

2.6
OTHER 1
1.4
CONSUMER AND NONPROFIT
.9
CORPORATE BUSINESS
.5COMMERCIAL BANKING
SAVINGS INSTITUTIONS (MUTUAL SAVINGSBANKS) .1INSURANCE
1.0
LIFE INSURANCE COMPANIES
.1
.9
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

24S.

SAAR

TOT.

2

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES

1963
123

1

2

1962
3

1

NET CHANGE IN LIABILITIES OF
STATE AND LOCAL GOVERNMENTS

6.4

5.9

3.6

4. 3

5.1

1

2
3

NET CHANGE IN ASSETS
STATE AND LOCAL GOVERNMENTS

6.4
.2-

5.9
.1-

3.6
.1-

4.3
•

5. 1
. I-

2
3

6.6
OTHER 1
.4
CONSUMER AND NONPROFIT
.2CORPORATE BUSINESS
5.0
COMMERCIAL BANKING
SAVINGS INSTITUTIONS (MUTUAL SAVINGS BANKS) .2INSURANCE
1.2
.4
LIFE INSURANCE COMPANIES
.8
OTHER INSURANCE COMPANIES 2
FINANCE N.E.C. 3

6.0
.8.16.2
.21.0
.1
.8

3.7
.7.2
3.5
.11.1
.1
1.0

4.4
.9.2
3.3
. 11.3
. 11.4

5.2
.5•
4.5
.11.1
.1
1.0

4
5
6
7
8
9
10
11

4
5
6
7
8
9
10
11
12




179

4

TOT.

4

TOT.

CORPORATE AND FOREIGN BONDS

CORPORATE ANO FOREIGN BONDS

CORPORATE AND FOREIGN BONDS

TABLE 25.

IN BILLIONS OF DOLLARS

25S.

SAAR

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES
1953
3

2

1952
3

2
3
4

NET ISSUES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD I

4.7
4.9
•
.1-

6.2
5.4
.3
.4

4.7
4.7
.1
•l~

4.3
3.7
.6
*

5.0
4.7
.3
*

4.4
3.4
1.0
.1-

5.5
3.4
2.4
.4-

3.7
2.2
1.5
*

5.3
4.4
.7
.2

4.7
3.4
1.4
*

I
2
3
4

5
6
7
8
9

NET PURCHASES
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

4.7
.4.4
.3
.1

6.2
1.0
.4
.4
.6

4.7
.8.4
.6.3

4.3
.3.4
.7.4

5.0
.2.4
. 1.4

4.4
.6.4
*
.2

5.5
.8
.5
•
.4

3.7
1.4.6
.1
.2

5.3
1.1
.7
. 1.1

4.7
•
.6
*
.2

5
6
7
8
9

10
11
12
13

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

4.2
3.1
.9
.2

4.4
3.1
1.1
.2

4.4
3.0
1.2
.2

4.4
3.2
1.0
.2

4.3
3. 1
1.0
.2

4.3
3.1
1.0
.2

3.8
2.5
1.1
.2

4.0
2.4
1.4
.2

3.7
2.8
.7
.2

3.9
2.7
1.1
.2

10
11
12
13

14
15

FINANCE N.E.C. 2
REST OF THE WORLD

1.0
*

.2
«

.2
*

1

»

3

•

.6-

25S.

SAAR
I

2

1954
3

4

TOT.

1

•
*

SEASONALLY ADJUSTED
4

TOT.

I

2

.1.1

.2
•

4

.2*

.1-•14
15
*

SAAR

ANNUAL RATES

2

TOT.

1955
3

4

TOT.

I
2
3
4

NET ISSUES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

4.1
3.6
.1
.4

3.4
3.2
.3
.1-

5.1
5.2
•
.2-

2.5
1.9
.9
.3-

3.8
3.5
.3
*

3.1
2.2
1.5
.6-

3.4
2.5
l.l
.2-

3.4
1.8
1.7
•

6.0
4.9
l.l
•

4.0
2.8
1.4
.2-

1
2
3
4

5
6
7
8
9

NET PURCHASES
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

4.1
.5.8
.3.5

3.4
1.2.8
.3.1-

5.1
.1
.8
.1.2

2.5
.5.7
•
.2-

3.8
.5.8
.2.1

3.1
.5
.6
.2.2-

3.4
.8
.6
.3.5-

3.4
1.3
.6
.2.4-

6.0
1.6
.6
.2.3-

4.0
1.0
.6
.2.3-

5
6
7
8
9

10
11
12
13

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

3.9
2.5
1.4
.1

4.0
2.4
1.5
.1

3.3
2.2
1.0
.1

2.3
1.2
1.1
.1

3.4
2.1
1.2
.1

2.2
1.3
.9
.1

2.6
1.6
.9
.1

2.3
1.6
.7
.1

3.6
2.3
1.3
.1

2.7
1.7
.9
.1

10
11
12
13

14
15

FINANCE N.E.C. 2
REST OF THE WORLD

.2
•

.7
.1

.1
*

.2
*

.1
•

.1
•

3

.2•

25S.

SAAR

SEASONALLY ADJUSTED

.2*

.7
.1

.2 14
15
*
SAAR

ANNUAL RATES

1

2

1

2

1957
3

1
2
3
4

NET ISSUES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

3.7
2.1
1.5
.1

5.7
4.4
1.1
.3

5.9
4.5
.9
.5

4.9
4.0
.5
.4

5.0
3.7
1.0
.3

7.2
6.4
.3
.5

7.4
6.2
.7
.5

8.0
6.5
1.2
.3

7.3
6. 3
.7
.4

7.5
6.3
.7
.4

I
2
3
4

5
6
7
8
9

NET PURCHASES
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

3.7
.4
.6
.5.3-

5.7
2.1
.6
.4-1

5.9
1.2
.7
.4.2

4.9
.5
.7
.4—
.2

5.0
1.0
.6
.4-1

7.2
1.1
.9
.2
.3

7.4
1.1
1.0
.1
.4

8.0
1.4
1.1
.1
.5

7. 3
.5
1.2
.2
1.2

7.5
1.0
1.0
.1
.6

5
6
7
8
9

10
11
12
13

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

3.4
2.3
l.l
*

3.5
1.8
1.6

4.2
2.5
1.7
*

3.5
1.9
1.7
*

3.7
2. 1
1.5
*

4.5
2.4
1.9
.2

4.5
2.5
1.8
.2

4.5
2.6
1.7
.2

4.4
2.6
1.6
.2

4.5
2.5
1.8
.2

10
11
12
13

14
15

FINANCE N.E.C. 2
REST OF THE WORLD

•
.1

.2
.1

.2
.1

.2
.1

.3
.1




3

•
.1

.2.1

180

1956
3

4

TOT.

«

.1

4

.2.1

TOT.

.1 14
.1 15

CORPORATE ANO FOREIGN BONDS

CORPORATE AND FOREIGN BONDS

CORPORATE AND FOREIGN BONDS

TABLE 25.

IN BILLIONS OF DOLLARS

SAAR

25S.

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES

1

2

1958
3

1

2

I
2
3
4

NET ISSUES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

9.7
8.0
.8
.9

5.9
4.3
.3
1.3

5.5
6.1
1.1.5

6.0
4.4
.7
1.0

6.8
5.7
.2
.9

4.4
3.0
.9
.5

4.0
3.0
.8
.1

4.8
2.6
1.4
.7

5.0
3.2
1.3
.5

4.5
3.0
1.1
.5

5
6
7
8
9

NET PURCHASES
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

9.7
2.7
1.5
.2
.9

5.9
3.11.8
1.0
.7

5.5
1.6
1.2
1.2.5

6.0
.9
1.8
.3.2

6.8
.5
1.6
•
.6

4.4
.6.3
.1
*

4.0
.81.0
.1
.1-

4.8
1.1
1.1

5.0
.4
1.3
.4.2-

4.5
•
.9

10
11
12
13

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

4.2
2.3
1.7
.2

4.1
2.6
1.3
.2

4.4
2.6
1.6
.2

4.0
2.7
1.2
.2

4.2
2.6
1.4
.2

3.9
2.5
1.2
.1

3.6
2.3
1.2
.1

2.8
1.7
1.0
.1

3.4
2.2
1.1
.1

3.4
2.2
1.1
.1

14
15

FINANCE N.E.C.
2
REST OF THE WORLD

.2
.1

1.3

1 .0*

3

»

SAAR

25S.

4

.7.1

TOT.

.1.1

.7

«

♦

.1

SEASONALLY ADJUSTED

1959
3

«

.2-

.2.1

4

.4
.2

TOT.

1
2
3
4

5
6
7
«
8
.1- 9

10
ll
12
13

.2 14
.1 15
SAAR

ANNUAL RATES

1

2

1

2

1961
3

1
2
3
4

NET ISSUES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

5.5
2.9
1.7
.9

4.4
3.0
1.0
.3

6.0
3.8
1.7
.6

6.5
4.3
1.8
.4

5.6
3.5
1.5
.6

4.6
3.4
.9
.3

7.8
6.5
.8
.5

4.6
3.9
.1
.5

5.2
4.5
.2
.5

5.6
4.6
.5
.5

I
2
3
4

5
6
7
8
9

NET PURCHASES
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

5.5
1.4
1.6
.4.2-

4.4
.61.7
.2•

6.0
.92.5
•
.5

6.5
.6
2.5
.2.4

5.6
.1
2.1
.2.2

4.6
.22.3
. 1.1

7.8
1.4
2.0
•
. 1-

4.6
.81.8
.2.3-

5.2
.41.6
.1
. 3-

5.6
•
1.9
. 1.1-

5
6
7
8
9

10
11
12
13

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

3.4
1.9
1.3
.1

3.0
1.7
1.1
.2

3.4
1.6
1.7
.2

3.4
1.6
1.6
.2

3.3
1.7
1.4
.2

2.7
1.9
.7
.1

3.9
2.4
1.4
.1

4.3
3.0
1.2
.1

3. 7
2.6
1.0
.1

3.6
2.5
1.1
.1

14
15

FINANCE N.E.C. 2
REST OF THE WORLD 3

.3
.1

.5
.1

.4.1

SAAR

1960
3

25S.
1962
3

4

.2*

TOT.

.1
.1

.2*

SEASONALLY ADJUSTED

4

.6
.1

.4.1

4

.5
.1

10
ll
12
13

. 1 14
. 1 15

SAAR

ANNUAL RATES

1963
3

TOT.

4

I

2

1
2
3
4

NET ISSUES
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COMPANIES)
REST OF THE WORLD 1

5.7
5.1
.3
.3

7.3
5.2
1.1
1.0

4.6
3.4
.5
.6

6.3
3.1
1.4
1.9

6.0
4.2
.8
.9

1
2
3
4

5
6
7
8
9

NET PURCHASES
CONSUMER AND NONPROFIT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING
MUTUAL SAVINGS BANKS

5.7
1.1
l.l
.1
.1

7.3
1.4
1.5
.5.6-

4.6
.71.6
.2.5

6.3
.3
1.8
.2
.5-

6.0
.5
1.5
. 1. 1-

5
6
7
8
9

10
ll
12
13

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

3.0
1.8
1.0
.2

4.0
2.6
1.2
.2

3.5
2.6
.8
.2

4. 1
2.8
1.1
.2

3.6
2.4
1.0
.2

10
11
12
13

14
15

FINANCE N.E.C. 2
REST OF THE WORLD

.1
.1

1.5
*

.4
.1

.5
.1

14
15




3

181

.1.1

TOT.

1

2

TOT.

CORPORATE STOCK

CORPORATE STOCK

TABLE 26.

CORPORATE STOCK 1

IN BILLIONS OF OOLLARS
26S.

SAAR

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

7
8
9
10
11
12
13
14
15
16
17

7
8
9
10
11
12
13
14
15
16
17

ANNUAL RATES

SAAR

1953
3

4

TOT.

1

2

2.4
.6
1.9
1.6
.2

3.4
.7
2.8
2.6
.2
.1

3.0
.6
2.4
2.3
.1
.1

3.3
.5
2.8
2.7
.1
•

3.1
.6
2.5
2.3
.1
.1

2.3
.5
1.7
1.6
.1
*

2.8
.6
2.2
2.3
.1
.2-

2.4
.4
2.0
2.0
.1
.1-

1.8
.3
1.6
1.4
.1
.1

2.3
.4
1.9
1.8
.1
•

1
2
3
4
5
6

NET PURCHASES
CONSUMER ANO NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

2.4
1.2
.1
.8
.2
.4
.2

3.3
2.7
.1
.9
.2
.5
.2

3.4
.8
.1
.7
.1
.4
.2

3.2
1.9
.1
.8
.2
.5
.2

3.1
1.6
.1
.8
.2
.5
.2

2.1
.8
.1
.7
.1
.4
.2

2.7
1.6
.1
.8
.1
.5
.1

2.8
1.0
.1
.8
.1
.6
.2

1.8
.8
.1
.9
.1
.6
.3

2.3
l.l
.1
.8
.1
.5
.2

7
8
9
10
11
12
13

1.5
.5
1.0
*

.4
.4
.1
.1

.5
.4
.1
•

.5
.5
•
.1

FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST OF THE WORLD 3

.3
.4
.1•

.2.5
.7•

26S.
1954
3

4

TOT.

I

SEASONALLY ADJUSTED

4

TOT.

2

.4
.5
.1•

.5
.3
.2
.1

. 1.2
.3.1

2

14
15
16
17

SAAR

ANNUAL RATES
1955
3

.3
.4
.1.1

4

TOT.

1

2

NET ISSUES
FINANCE N.E.C. (OPEN-END INVEST. COS.)
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKING
REST OF THE WORLD 2

3. 1
.4
2.8
2.5
.1
.1

2.9
.4
2.5
2.1
.1
.3

2.4
.5
1.8
1.2
.3
.3

2.0
.8
1.2
.5
.3
.3

2.6
.5
2.1
1.6
.2
.3

2.8
.7
2.0
2.4
.6.2

2.0
.8
1.2
.8
.2
.2

3.0
1.0
2.0
1.8
•
.2

4.2
1.0
3.2
2.9
.2
.1

3.0
.9
2.1
2.0
. 1.2

1
2
3
4
5
6

NET PURCHASES
CONSUMER AND NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

2.8
2.3
.1
.9
.2
.6
.1

2.9
1.1
.2
1.2
.4
.6
.2

2.7
•
.1
1.3
.3
.8
.2

2.1
•
.2
1.0
.2

2.7
.8
•
1.0
.1
.7
.2

2.1
.4
.1
1.0
.1
.7
.2

3.1
1.6
•
.8
.1
.7
•

4. 1
1.9
.2
1.0

.2

2.6
.8
.1
1.1
.3
.7
.2

3.0
1.2
.1
.9
.1
.7
.2

7
8
9
10
11
12
13

.2
.2
.1
.2

.9
.3
.6
.1

.5
.5
•
.3

.4
.3
.1
.1

.8
.6
.2
.2

.4
.4
•
.1

.7
.5
.2
.1

14
15
16
17

FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST OF THE WORLD 3

.1.2
.3•

26S.

SAAR

1
2
3
4
5
6

SEASONALLY AOJUSTED

NET ISSUES
FINANCE N.E.C. (OPEN-END INVEST. COS.)
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKING
REST OF THE WORLD 2

SAAR

1
2
3
4
5
6

1952
3

.7

1

SEASONALLY ADJUSTED

.4
.6
.2.3

.7
.3
l.l
.5
.6
. 1-

SAAR

ANNUAL RATES

1

2

1

2

1957
3

NET ISSUES
FINANCE N.E.C. (OPEN-END INVEST. COS.)
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKING
REST OF THE WORLD 2

3.6
1.1
2.4
2.0
.3
.1

2.2
1.1
1.2
.8
.3
.1

4.4
1.2
3.2
2.9
.1
.2

4.9
1.1
3.8
3.3
.4
•

3.8
1.1
2.6
2.3
.3
.1

4.5
1.2
3.2
3.1
.2
•

4.8
1.4
3.5
3.3
.1
.1

3.3
1.2
2.2
1.6
.6
•

3.2
l.l
2.1
1.7
.3
•

4.0
1.2
2.7
2.4
.3
*

NET PURCHASES
CONSUMER AND NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNOS
OTHER INSURANCE COMPANIES

3.4
2.4
.1
.7
.6
.1

2.5
.21.1
.9
.1

4.2
3.3
.1
1.0
.9
.1

5.0
2.7
•
1.2
•
1.1
.1

3.8
2. 1
.1
1.0
•
.9

4.4
1.7
.2
1.3
.1
1.1
.1

5.1
2.9
.1
1.2
1.1
.1

3.1
.4
.2
1.2
.1
1.0
.1

3.3
1.7
.21.3
•
1.1
.1

4.0 7
1.7 8
.1 9
1.3 10
»
11
1.1 12
.1 13

1.5
1.2
.4
•

.4
.7
.3.1-

FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST OF THE WORLD 3




.1
.5
.3.1

l.l
1.2
. 1.3

182

1956
3

.4.2
.5.3

4

.6
.5
.1
.4

TOT.

.4
.6
.2.3

.8
.7
.1
.4

.4
.6
.1.2

4

TOT.

.8
.8
•
.2

I
2
3
4
5
6

14
15
16
17

CORPORATE STUCK

CORPORATE STOCK

TABLE 26.

CORPORATE STOCK 1

IN BILLIONS OF OOLLARS

SAAR

1
2
3
4
5
6

7
8
9
IO
ll
12
13
14
15
16
17

26S.

7
8
9
10
11
12
13
14
15
16
17

7
8
9
10
11
12
13
14
15
16
17

4

SAAR

ANNUAL RATES
1959
3

4

TOT.

1

2

1

2

3.0
1.3
1.8
1.2
.1
.5

5.2
2.1
3.1
2.9
•
.1

4.3
1.2
3.1
2.8
•
.3

4.4
1.7
2.7
2. 1
.1
.4

4.2
1.6
2.7
2.3
.1
.3

5.0
1.8
3.1
2.5
.2
.5

4.4
1.7
2.7
2.5
.1
.2

3.4
1.9
1.6
1.4
.1
.1

5.0
1.9
3. 1
2.9
.2
.1

4.4
1.8
2.6
2.3
.1
.2

1
2
3
4
5
6

NET PURCHASES
CONSUMER AND NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

3.0
1.2
.2
1.4
.1
1.4
*

5.5
2. 1
.1
1.1
.1
l.l

4.0
3.1

4.3
1.8

»

♦

1.4
.1
1.3
*

1.5
.1
1.4
•

4.2
2.1
.1
1.3
.1
1.3
•

5.1
1.2
.22.0
.2
1.6
.3

4.6
1.1
•
2.1
.1
1.7
.3

3.0
.7
*
1.7
.2
1.2
.3

5.1
1.0
.1
2.5
.2
1.9
.3

4.4
1.0
•
2.1
.2
1.6
.3

7
8
9
10
ll
12
13

1.9
.8
l.l
.1-

.31.0
1.3•

1.0
1.6
.6.1

.8
1.0
.2.1-

1.9
1.3
.6
.1

1.0
1.0
•
.6

1.1
1.0
.1
.4

14
15
16
17

FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS ANO DEALERS
rest OF THE WORLD 3

.4
.4
•
.2-

26S.

I960
3

TOT.

SEASONALLY ADJUSTED
4

.9
.9
.1.3

.6
.9
.3.5

SAAR

ANNUAL RATES
1961
3

4

TOT.

1

2

1

2

NET ISSUES
FINANCE N.E.C. (OPEN-END INVEST. COS.)
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKING
REST OF THE WORLD 2

3.9
1.8
2.1
2.0
.1
.1-

2.9
1.7
1.3
1.0
.2
.1

4.2
1.4
2.8
2.5
.1
.2

3.2
1.3
1.9
1.6
.1
.1

3.5
1.5
2.0
1.8
.1
.1

4.8
1.5
3.3
3.0
.1
.2

6.3
1.7
4.7
4.3
.1
.3

4.9
2.1
2.8
2.4
•
.3

4.9
2.7
2.2
1.1
.5
.6

5.2
2.0
3.2
2.7
.2
.4

1
2
3
4
5
6

NET PURCHASES
CONSUMER AND NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

4.0
.6
•
1.9
.2
1.6
.1

3.0
.3•
2.1
.3
1.7
.1

3.9
.6
2.5
.5
1.8
.2

3.1
.3
.1
2.4
.5
1.8
.2

3.5
.3
•
2.2
.4
1.7
.2

5.0
1.5
.1
2.6
.4
1.9
.3

6.3
1.7
•
2.4
.2
1.9
.3

4.6
1.0
.1
2.9
.4
2.2
.3

4.9
.4.1
3.1
.8
2.0
.3

5.2
.9
.1
2.8
.5
2.0
.3

7
8
9
10
ll
12
13

.8
.7
.1
.2

1.0
.8
.2
.1

1.8
1.2
.5
.5

.7
1.2
.6.2

1.8
1.5
.3
.3

1.1
1.2
.1.3

14
15
16
17

FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST OF THE WORLD 3

.8
1.2
.3.5

«

26S.

SAAR

1
2
3
4
5
6

SEASONALLY ADJUSTEO

NET ISSUES
FINANCE N.E.C. (OPEN-END INVEST. COS.)
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKING
REST OF THE WORLD 2

SAAR

1
2
3
4
5
6

1956
3

1962
3

.4
.7
.3♦

TOT.

.8
.8
.1.2

.3
.8
.5.3

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES
2

1963
3

4

TOT.

1

2

NET ISSUES
FINANCE N.E.C. (OPEN-END INVEST. COS.)
OTHER SECTORS
CORPORATE BUSINESS
COMMERCIAL BANKING
REST OF THE WORLD 2

4.6
3.2
1.5
.9
.2
.4

2.0
2.2
.2.3•
.1

2.0
1.3
.7
.5
.1
.1

1.8
.8
1.0
1.1
.1
. 1-

2.6
1.9
.7
.5
.1
.1

NET PURCHASES
CONSUMER AND NONPROFIT
MUTUAL SAVINGS BANKS
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES

4.9
.9
.12.3
.4
1.7
.2

1.7
4.0.3
3.5
.8
2.5
.2

1.9
.6•
2.2
.2
1.8
.2

1.9
.3
.4
2.5
.4
1.9
.2

2.6
.9.1
2.6
.4
2.0
.2

7
8
9
10
11
12
13

2.2
2.0
.2
.6-

2.2
1.6
.6
.1-

.1

1.3—
.7.7•

.8
.7
.1
.1-

14
15
16
17

FINANCE N.E.C.
OPEN-END INVESTMENT COMPANIES
BROKERS AND DEALERS
REST OF THE WORLD 3




183

»

.1
.3

1
2
3
4
5
6

1- TO 4-FAMILY MORTGAGES

1- TO 4-FAMILY MORTGAGES

TABLE 27,

MORTGAGES ON 1- TO 4-FAMILY PROPERTIES
IN BILLIONS OF DOLLARS

27S.

SAAR

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES

1

2

1953
3

7.3
6.9
.2
.2

6.8
6.6
.1
.1

7.8
7.6
.1
.1

8.0
8.0
*
*

7.3
7.7
.2.2-

7.3
7.2
•
•

7.6
7.6

*

6.8
6.7
.1
.1

1
2
3
4

6.1
.3
.2
—
.9

6.8
.5
.3
1.2

7.3
.4
.7
—
1.0

6.8
.4
.5
1.0

7.8
.7
.5
—
1.0

8.0
.4
.5
.8

7.3
.3
.2
—
.6

7.3
.7
.3•
.7

7.6
.5
.2

5
6
7
8
9

1

2

1
2
3
4

NET CHANGE IN LIABILITIES
CONSUMER
NONFARM NONCORPORATE BUSINESS 3
CORPORATE BUSINESS 3

6.9
6.6
.2
.2

6.1
6.1

5
6
7
8
9

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

6.9
.2
.7
—
.8

»

1952
3

4

TOT.

4

TOT.

.8

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

3.5
.8
2.7

3.3
.7
2.6

3.7
.9
2.8

4.2
1.0
3.2

3.7
.9
2.8

4.3
1.1
3.2

4.6
1.2
3.3

4.5
1.2
3.3

4.9
1.2
3.6

4.6 10
1.2 ll
3.4 12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

1.4
1.4
•

1.2
1.2
*

1.2
1.2
*

.8
.8
•

1.2
1.1
•

1.4
1.4

1.5
1.5
*

1.5
1.5
*

1.4
1.3

1.5 13
1.4 14
•
15

16

FINANCE N.E.C. 2

.3

.1

•

.2

.1

.2

.2

SAAR

27S.

1954
3

.2-

SEASONALLY ADJUSTED

»

-

16

SAAR

ANNUAL RATES

1955
3

»

1

2

1

2

4

TOT.

1
2
3
4

NET CHANGE IN LIABILITIES
CONSUMER
NONFARM NONCORPORATE BUSINESS 3
CORPORATE BUSINESS 3

7.3
6.9
.2
.2

8.3
7.9
.2
.2

10.3
9.5
.4
.4

12.5
11.7
.4
.4

9.6
9.0
.3
.3

13.1
12.3
.4
.4

13.6
13.1
.3
.3

12.5
12.3
.1
.1

11.1
11.7
.3.3-

12.6
12.3
.1
.1

1
2
3
4

5
6
7
8
9

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

7.3
•
.3-

8.3
.2
.1.1
.9

10.3
.6
.1
.1
1.5

12.5
.6
.3
.2
2.0

9.6
.4
•
.1
1.3

13.1
.1.3
.1
2.1

13.6
.1
.3
.1
2.1

12.5
.1
.3
.1
1.4

11.1
.7
.1
.1
1.3

12.6
.2
.2
.1
1.8

5
6
7
8
9

»

.7

4

TOT.

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

5.0
1.4
3.6

5.2
1.6
3.6

5.7
1.6
4.1

6.7
1.9
4.8

5.7
1.6
4.0

7.5
2.1
5.4

7.9
2.1
5.8

7.6
2.2
5.3

5.5
2.0
3.4

7.1 10
2.1 11
5.0 12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

1.5
1.5
•

2.0
1.9
•

2.2
2.1
•

2.3
2.3
*

2.0
2.0
*

2.4
2.3
.1

2.4
2.3
.1

2.4
2.3
.1

3.2
3. 1
.1

2.6 13
2.5 14
15

16

FINANCE N.E.C. 2

.3

.1

.1

.3

.2

.7

.6

.7

.2

.5 16

SAAR

27S.
1

2

1
2
3
4

NET CHANGE IN LIABILITIES
CONSUMER
NONFARM NONCORPORATE BUSINESS 3
CORPORATE BUSINESS 3

11.4
12.0
.3.3-

11.0
11.0

5
6
7
8
9

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

11.4
.7
.1
.1
1.4

1956
3

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES
2

1957
3

4

TOT.

*

10.5
10.8
.2.2-

10.1
10.3
. 1. 1-

10.8
11.0
.1. 1-

9.8
9.9
.1.1-

8.5
8.9
.2.2-

8.4
8.4
•
*

7.8
7.6
.1
.1

8.6
8.7
.1.1-

1
2
3
4

11.0
.3
.4
.1
1.5

10.5
.4
.6
.1
1.1

10.1
.8
1. 1
.1
.7

10.8
.5
.5
.1
1.2

9.8
1.2
1.3
.1
.3

8.5
.9
1.2
.1
.2-

8.4
1.1
1.1
.1
.2

7.8
.7
1.0
.1
.2

8.6
1.0
1.2
.1
.1

5
6
7
8
9

»

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

6.5
2.1
4.3

6.0
1.8
4.1

5.8
1.9
3.9

5.4
1.7
3.7

5.9
1.9
4.0

5.5
1.3
4.2

5. 1
1.2
3.9

4.8
.9
3.8

5.1
1.0
4.1

5.1 10
1.1 11
4.0 12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

2.9
2.8
.1

2.7
2.6
.1

2.5
2.4

2.2
2. 1
.1

2.6
2.5
.1

2.0
1.9
.1

1.6
1.5
.1

1.3
1.3
.1

.8
.6
.1

1.4 13
1.3 14
.1 15

16

FINANCE N.E.C. 2

-

•




.2-

18U

.2-

.1-

.7-

.2-

.2-

•

.3- 16

1- TO 4-FAMILY MORTGAGES

1- TO 4-FAMILY MORTGAGES

TABLE 27

MORTGAGES ON 1- TO 4-FAMILY PROPERTIES
IN BILLIONS OF DOLLARS
27S.

SAAR

1958
3

2

SEASONALLY ADJUSTED

ANNUAL RATES
1959
3

SAAR

4

TOT.

1

4

TOT.

1
2
3
4

NET CHANGE IN LIABILITIES
CONSUMER
NONFARM NONCORPORATE BUSINESS 3
CORPORATE BUSINESS 3

7.9
7.9
•
•

8.9
9.3
.2.2-

10.6
9.8
.4
.4

12.9
11.5
.7
.7

10.1
9.6
.2
.2

13.4
12.8
.3
.3

14.2
13.6
.3
.3

13.4
13.4
•
•

11.6
12.4
.4.4-

13.2
13.1
.1
.1

1
2
3
4

5
6
7
8
9

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

7.9
.1
.3
.1
.5

8.9
1.0
.9.1
.9

10.6
.7
.1.2
1.6

12.9
.9
.6
.2
1.9

10.1
.7
•
.2
1.2

13.4
.2
1.5
.2
1.7

14.2
.4
2.1
.2
1.9

13.4
.3
1.6
.2
1.2

11.6

13.2
.2
1.6
.2
1.5

5
6
7
8
9

1

2

»

1.2
.2
1.0

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

5.3
1.3
3.9

6.1
1.7
4.4

6.9
1.6
5.2

7.7
1.6
6.2

6.5
1.5
4.9

8.2
1.5
6.5

8.4
1.3
7.1

8.3
1.3
7.0

7.2
1.2
5.9

8.0 10
1.4 ll
6.6 12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

1.1
.9
.2

1.0
.9
.1

1.0
.9
.1

1. 1
1.0
.1

1.1
.9
.1

1.1
.9
.2

1.2
1.0
.2

1.6
1.4
.2

1.7
1.5
.2

1.4 13
1.2 14
.2 15

16

FINANCE N.E.C. 2

.6

.6

.3

.5

.5

.5

.2

.3

.2 16

SAAR

27S.
i960
3

SEASONALLY ADJUSTED
TOT.

*

SAAR

ANNUAL RATES
1961
3

1

2

1

2

4

TOT.

1
2
3
4

NET CHANGE IN LIABILITIES
CONSUMER
NONFARM NONCORPORATE BUSINESS 3
CORPORATE BUSINESS 3

11,2
11.6
.2.2-

10.1
10.2
.1.1-

10.6
11.1
.3.3-

9.9
10.4
.3.3-

10.4
10.8
.2.2-

10.2
10.4
. 1.1-

11.3
11.5
. 1.1-

11.9
11.0
.4
.4

13.5
13.3
.1
.1

11.7
11.5
.1
.1

1
2
3
4

5
6
7
8
9

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

11.2
.5
.8
.3
.6

10.1
.3
1.3
.3
.2-

10.6
.4
1.0
.3
.1-

9.9
.4
.5
.4
.1-

10.4
.4
.9
.3
*

10.2
.2.3.4
.3

11.3
.5.4.5
.8

11.9
.7.4
.5
.9

13.5
1.21.0
.6
1.1

11.7
.7-.2
.5
.8

5
6
7
8
9

4

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

7.0
1.3
5.7

6.9
1.4
5.5

7.6
1.6
6.0

7.8
1.6
6.2

7.3
1.5
5.9

8.6
1.7
6.8

9.1
1.7
7.5

9.0
1.6
7.5

10.0
1.7
8.3

9.2 10
1.7 11
7.5 12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

1.8
1.6
.2

1.6
1.4
.2

1.4
1.1
.2

1.3
1.1
.2

1.5
1.3
.2

1.4
1.1
.3

1.1
1.0

.9
.8
.1

1.0
.8
.2

l.l 13
.9 14
.2 15

16

FINANCE N.E.C. 2

•

♦

.6

.8

1.2

.7 16

.2

.1-

SAAR

.1

27S.
1962
3

.3-

SEASONALLY ADJUSTED

1

SAAR

ANNUAL RATES

1963
3

TOT.

1

2

4

TOT.

1
2
3
4

NET CHANGE IN LIABILITIES
CONSUMER
NONFARM NONCORPORATE BUSINESS 3
CORPORATE BUSINESS 3

13.2
13.7
.3.2-

15.5
15.0
.2
.2

16.3
15.6
.4
.3

16.5
14.3
1.2
1.0

15.4
14.7
.4
.3

1
2
3
4

5
6
7
8
9

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
COMMERCIAL BANKING

13.2
.5
.8
.5
.7

15.5
1.0.2.4
2.6

16.3
.2
.5.2
2.6

16.5
1. 1
.4.1
2.3

15.4
.2
. 1.3
2.1

5
6
7
8
9

2

4

10
11
12

SAVINGS INSTITUTIONS 1
MUTUAL SAVINGS 8ANKS
SAVINGS AND LOAN ASSOCIATIONS

9.8
1.6
8.2

10.9
2.2
8.7

11.3
2.6
8.7

11.7
2.5
9.2

10.9
2.2
8.7

10
11
12

13
14
15

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS

1.1
.6
.4

1.5
1.2
.3

1.7
1.5
.2

1.7
1.5
.1

1.5
1.2
.3

13
14
15

16

FINANCE N.E.C. 2

1.4

.8

•

.5

16




.2-

185

OTHER MORTGAGES

OTHER MORTGAGES

TABLE 28.

OTHER MORTGAGES
IN BILLIONS OF DOLLARS

SAAR

28S.

1

1952
3

SEASONALLY ADJUSTED
4

SAAR

ANNUAL RATES

1953
3

4

TOT.

1

2

1
2
3
4
5

NET BORROWING
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

3.2
.1
.4
1.84.5

2.2
.1
.7
.6
.8

2.0
.1
.4
.7
.9

2.0
.1
.9
.2
.8

2.3
.1
.6
. 11.8

2.8
.1
.4
1.4
.9

2.1
.1
.5
.7
.9

2.2
.1
.6
.7
.8

2.2
.1
.6
.5
1.0

2.3
.1
.5
.8
.9

I
2
3
4
5

6
7
8
9

NET CHANGE IN ASSETS 1
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
COMMERCIAL BANKING

3.2
1.4
.1
.1

2.2
.5
.1
.1

2.0
.2
.1
.2

2.0
.3
.1
.2

2.3
.6
.1
.2

2.8
1.2
.2
.3

2.1
.3
.2
.2

2.2
.5
.3
.1

2.2
.4
.2
.2

2.3
.6
.2
.2

6
7
6
9

.6
.6
*

.6
.6
•

.7
.6
•

.6
.6
*

.6
.6
*

.5
.3
.2

.6
.4
.2

.6
.4
.2

.7
.4
.2

.6 10
.4 11
.2 12

1.0
1.0
.8
.2

.8
.8
.6
.2

.8
.8
.6
.2

.7
.6
.4
.2

.8
.8
.6
.2

.7
.6
.5
.2

.7
.7
.5
.2

.7
.6
.4
.2

.7
.6
.4
.2

.7
.6
.4
.2

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL MORTGAGE
FARM MORTGAGES

2

SAAR

28S.
1954
3

TOT.

SEASONALLY ADJUSTED

4

TOT.

SAAR

ANNUAL RATES

1955
3

13
14
15
16

4

TOT.

1

2

I

2

1
2
3
4
5

NET BORROWING
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

2.9
.1
.6
1.3
.9

2.5
.2
.3
.8
1.1

2.7
.1
.5
.9
1.2

3. 1
.2
.6
1.0
1.4

2.8
.1
.5
1.0
1. 1

3.4
.1
.7
1.3
1.3

3.7
.2
.9
1.2
1.4

3.6
.2
.7
1.2
1.5

3.9
.1
.7
1.4
1.6

3.6
.2
.8
1.3
1.4

1
2
3
4
5

6
7
8
9

NET CHANGE IN ASSETS 1
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
COMMERCIAL BANKING

2.9
1.5
•
.2

2.5
.5
.2
.4

2.7
.7
.3
.5

3.1
.9
.1
.7

2.8
.9
.2
.4

3.4
1.0
.3
.7

3.7
.9
.4
.7

3.6
.9
.2
.6

3.9
1.1
.4
.5

3.6
1.0
.3
.6

6
7
8
9

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

.6
.5
.1

.6
.5
-1

.5
.4
.1

.6
.4
.2

.6
.4
.1

.5
.3
.1

.6
.4
.3

.7
.3
.4

.8
.4
.4

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL MORTGAGE
FARM MORTGAGES

.6
.6
.4
.2

.7
.7
.5
.2

.8
.7
.6
.1

.9
.8
.6
.2

.7
.7
.5
.2

1.0
.9
.7
.2

1.0
.9
.7
.2

1.1
1.0
.7
.2

1.2
1.1
.8
.2




186

.7 10
.4 11
.3 12

1.0
1.0
.7
.2

13
14
15
16

OTHER MORTGAGES

OTHER MORTGAGES

TABLE 28.

OTHER MORTGAGES
IN BILLIONS OF DOLLARS

SAAR

28S.

1956
3

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES

1

2

1

2

1957
3

1
2
3
4
5

NET BORROWING
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

4.3
.2
1.1
1.4
1.7

3.9
.2
.7
1.4
1.6

3.9
.2
.9
1.4
1.5

3.2
.1
.7
1.1
1.2

3.8
.2
.8
1.3
1.5

3.2
.1
.7
l.l
1.3

2.9
.1
.6
1.1
1.1

3.9
.2
.5
1.5
1.6

4. 1
.2
.6
1.6
1.7

3.5
.1
.6
1.3
1.4

1
2
3
4
5

6
7
8
9

NET CHANGE IN ASSETS 1
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
COMMERCIAL BANKING

4.3
1.2
.3
.7

3.9
1.0
.4
.6

3.9
1.3
.2
.5

3.2
1.0
.3
.3

3.8
1.1
.3
.5

3.2
1.0
.4
.3

2.9
.9
.3
.2

3.9
1.4
.2
.7

4. 1
1.5
.2
.7

3.5
1.2
.3
.5

6
7
8
9

.9
.5
.4

.6
.4
.3

.7
.4
.3

.7
.4
.3

.7
.4
.3

.6
.3
.3

.5
.2
.3

.6
.3
.3

.7
.4
.3

1.1
1.1
.8
.3

1.3
1.2
1.0
.2

1.2
1.1
.9
.2

.9
.9
.7
.1

1.1
1.1
.9
.2

.9
.9
.8
.1

.9
.9
.8
.1

.9
.9
.8
.1

1.0
1.0
.9
.1

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL MORTGAGE
FARM MORTGAGES

SAAR

28S.
1958
3

4

TOT.

SEASONALLY ADJUSTED

4

4

.6 10
.3 11
.3 12

.9
.9
.6
.1

13
14
15
16

SAAR

ANNUAL RATES

1959
3

TOT.

4

1

2

1

2

1
2
3
4
5

NET BORROWING
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

4. 1
.1
.3
1.8
1.9

4.9
.2
.8
1.9
2.1

5.4
.2
.9
2.1
2.2

6.4
.3
1.0
2.4
2.7

5.2
.2
.7
2.0
2.2

5.7
.2
.9
2.2
2.4

6.4
.3
l.l
2.4
2.6

5.7
.2
.9
2.2
2.4

5.5
.2
.8
2.1
2.4

5.8
.2
.9
2.2
2.4

1
2
3
4
5

6
7
8
9

NET CHANGE IN ASSETS 1
CONSUMER AND NONPROFIT
U.S. GOVERNMENT
COMMERCIAL BANKING

4.1
1.1
.2
.6

4.9
1.7
.3
.9

5.4
1.9
.3
.9

6.4
2.2
.6
1.3

5.2
1.7
.3
.9

5.7
1.4
.8
1.2

6.4
1.9
.7
1.3

5.7
1.8
.6
.8

5.5
1.8
.4
.9

5.8
1.8
.6
l.l

6
7
8
9

TOT.

TOT.

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

1.2
.5
.7

1.3
.7
.6

1.3
.6
.7

1.4
.5
.8

1.3
.6
.7

1.4
.6
.8

1.6
.5
1.1

1.4
.5
.9

1.3
.5
.8

1.4 10
.5 11
.9 12

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL MORTGAGE
FARM MORTGAGES

1.0
.9
.8
.1

.8
.7
.7
.1

.9
.9
.8
.1

1.0
1.0
.9
.1

.9
.9
.8
.1

.9
.8
.6
.1

.9
.8
.7
.2

1.0
1.0
.9
.2

1.0
1.1
.9
.2

1.0
.9
.8
.2




187

13
14
15
16

OTHER MORTGAGES

OTHER MORTGAGES

TABLE 28.

OTHER MORTGAGES
IN BILLIONS OF DOLLARS

28S.

SAAR

1960
3

SEASONALLY ADJUSTED
4

TOT.

SAAR

ANNUAL RATES
1961
3

4

TOT.

1

2

1

2

I
2
3
4
5

NET BORROWING
NONPROFIT ORCS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

6.5
.1
1.4
2.5
2.6

5.3
.2
.7
2.1
2.3

6.0
.2
.7
2.5
2.6

5.3
.2
.9
2.0
2.3

5.8
.2
.9
2.3
2.4

5.8
.1
.9
2.3
2.5

6.6
.2
1.1
2.6
2.7

7.3
.2
1.2
3.0
3.0

8.0
.3
1.2
2.9
3.5

6.9
.2
1.1
2.7
2.9

1
2
3
4
5

6
7
8
9

NET CHANGE IN ASSETS 1
CONSUMER ANO NONPROFIT
U.S. GOVERNMENT
COMMERCIAL BANKING

6.5
2.6
.4
.6

5.3
1.6
.4
.6

6.0
2.0
.3
.7

5. 3
1.7
.3
.6

5.8
2.0
•4
.6

5.8
1.9
.4
.8

6.6
2.2
.5
.6

7.3
2.6
.5
.9

8.0
2.4
.4
1.1

6.9
2.3
.4
.8

6
7
8
9

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

1.4
.4
1.0

1.4
.3
1.1

1.5
.6
1.0

1.6
.5
1.1

1.5
.5
1.0

1.4
.5
.9

1.7
.5
1.2

2.0
.6
1.4

2.1
.7
1.4

1.8 10
.6 11
1.2 12

13
14
15
16

INSURANCE SECTOR 2
LIFE INSURANCE COMPANIES
MULTIFAMILY ANO COMMERCIAL MORTGAGE
FARM MORTGAGES

1.4
1.4
1.2
.2

1.3
1.3
1.1
.1

1.4
1.3
1.2
.1

1.2
1.2
1.0
.2

1.3
1.3
1.1
.2

1.3
1.3
1.2
.1

1.7
1.6
1.4
.2

1.3
1.3
l.l
.2

2.0
1.9
1.7
.2

1.6
1.5
1.3
.2

SAAR

28S.
1962
3

SEASONALLY ADJUSTED
4

1

ANNUAL RATES
1963
3

13
14
15
16

SAAR

1

2

1
2
3
4
5

NET BORROWING
NONPROFIT ORGS
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS

8.3
.4
1.1
3.2
3.6

9.1
.5
1.5
3.4
3.8

9.2
.4
1.3
3.7
3.8

10.9
.4
1.4
4.1
4.9

9.4
.4
1.3
3.6
4.0

1
2
3
4
5

6
7
8
9

NET CHANGE IN ASSETS 1
CONSUMER AND NONPROFIT
U.S. government
COMMERCIAL BANKING

8.3
2.6
.3
1.6

9.1
3.0
.6
2.1

9.2
3.3
.4
2.0

10.9
3.2
.3
2.0

9.4
3.0
.4
1.9

6
7
8
9

TOT.

2

4

TOT.

10
11
12

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
SAVINGS AND LOAN ASSOCIATIONS

2.5
1.1
1.4

2.5
1.1
1.4

2.1
.7
1.5

2.6
1.0
1.5

2.4
1.0
1.4

10
11
12

13
14
15
16

INSURANCE SECTOR
LIFE INSURANCE COMPANIES
MULTIFAMILY AND COMMERCIAL MORTGAGE
FARM MORTGAGES 2

1.1
1.1
.9
.2

1.0
.9
.7
.2

1.3
1.3
1.0
.2

2.8
2.8
2.5
.2

1.6
1.5
1.3
.2

13
14
15
16




188

CONSUMER CREOIT

CONSUMER CREDIT

TABLE 29.

CONSUMER CREOIT

IN BILLIONS OF DOLLARS
29S.

SAAR

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

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

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

4

TOT.

SAAR

ANNUAL RATES

1953
3

4

TOT.

1

2

1

2

2.5
1.5
1.0

5.8
4.9
.9

4.6
4.0
.6

6.3
6.0
.3

4.8
4. 1
.7

6.8
6.1
.7

4.2
3.9
.3

3.0
2.6
.4

1.5
1.9
.3-

3.9
3.6
.3

NET CHANGE IN ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS 1
FINANCE N.E.C. (FINANCE COMPANIES)

2.5
1.5
.1
.2
.6
.2
.4

5.8
4.9
.2
.8
1.8
.3
1.9

4.6
4.0
.1
.5
2.1
.2
1.0

6.3
6.0
.2
.5
2.6
.3
2.5

4.8
4. 1
.2
.5
1.8
.2
1.5

6.8
6.1
.2
.1
2.8
.4
2.6

4.2
3.9
.1
.2
1.8
.3
1.5

3.0
2.6
•
•
1.0
.3
1.2

1.5
1.9
*
.2
.4
.3
1.0

3.9 4
3.6 5
.1 6
7
.1
1.5 A
.3 9
1.6 10

1.0
.2
.5
.3
*

.9
.4
.3

.3

.7
.2
.3
.2
*

NONINSTALMENT CREOIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

»

.1

.6
.4
•2
.1
.129S.

»

•
.2
.1

.7
. 1.3
.6
*

SEASONALLY ADJUSTEO

.3
.4
.2
.3.1

.4
.3
.2
•
.1-

.3.2. 1•
*

.3
.1
.1
.1
*

1
2
3

11
12
13
14
15

SAAR

ANNUAL RATES

1

2

1954
3

1

2

NET CHANGE IN LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREDIT

.7.6.1-

.7
•
.7

1.1
.6
.5

3.1
2.2
.9

1.1
.6
.5

5.9
5.2
.7

7.1
6.0
l.l

6.9
6.0
.9

5.6
4. 1
1.4

6.4
5.3
1.0

NET CHANGE IN ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS 1
FINANCE N.E.C. (FINANCE COMPANIES)

.7.6•
.2
.7.2
.3-

.7
•
.1-

1.1
.6
.1•
.2.2
.6

3.1
2.2
•
.2
.5
.3
1.3

l.l
.6

5.9
5.2
. 1.6
1.6
.3
2.8

7. 1
6.0

.4
1.9
.4
3.3

6.9
6.0
•
.4
2.1
.4
3.1

5.6
4. 1
. 1.3
1.7
.4
1.9

6.4 4
5.3 5
•
6
.4 7
1.8 8
.4 9
2.8 10

. 1•
•
. 1*

.7
.1
.2
.3
.2

.5
.2
.1
.3
.1-

.9
.3
.3
.3

.5
.1
.1
.2
*

.7
*
.2
.4
.2

1.1
.2
.2
.5
.1

.9
.2
.2
.4
*

1.4
.3
.3
.8
•

1.0
.2
.2
.5
.1

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

»

.4.3
.2

SAAR

1
2
3

SEASONALLY ADJUSTED

NET CHANGE IN LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREOIT

SAAR

2
3

1952
3

29S.
1956
3

4

»

TOT.

»

.1
.2.2
.4

SEASONALLY ADJUSTED

4

»

1955
3

4

TOT.

11
12
13
14
15

SAAR

ANNUAL RATES

1957
3

1
2
3

4

TOT.

1

2

1

2

NET CHANGE IN LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREDIT

5.0
4.1
.9

3.3
2.6
.7

2.8
2.1
.7

3.0
2.6
.4

3.5
2.8
.7

2.9
2.4
.5

3.1
2.3
.8

2.8
2.3
-5

1.8
1.6
.1

2.6
2.2
.5

NET CHANGE IN ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS I
FINANCE N.E.C. (FINANCE COMPANIES)

5.0
4.1
•
.5
1.3
.3
1.9

3.3
2.6
*
.11.6
.4
.8

2.8
2.1
*
.5
.6
.4
.6

3.0
2.6

3.5
2.8
•
.2
1.2
.4
1.0

2.9
2.4
.1.2
.8
.5
.9

3. 1
2.3

2.8
2.3
.1.11.2
.5
.8

1.8
1.6
. 1.2
.9
.4
.3

2.6
2.2
.1•
1.1
.5
.7

4
5
6
7
8
9
10

.5
-3
.2
•

el
.2
•
.1
. 1-

.5
.2
.2
.1

11
12
13
14
15

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS




.9
.2
.3
.4
*

.7
.2
.1
.2
.3

183

.7
.3
.2
.3
.1-

»

.1
1.2
.4
.9

.4
.3
.2

TOT.

»

.7
.2
.2
.2

*

♦

.5
.1
.1
.2
.2

»

.31.3
.5
.7
.8
.4
.3
.1
*

»

♦

1
2
3

CONSUMER CREDIT

CONSUMER CREDIT

TABLE 29.

CONSUMER CREDIT

IN BILLIONS OF DOLLARS

29S.

SAAR

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

1958
3

2

NET CHANGE IN LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREDIT

1.4l.l.3-

.81.2.4

.2
.5.7

NET CHANGE IN ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS 1
FINANCE N.E.C. (FINANCE COMPANIES)

1.41.1.2.2
.9.2
.3-

.81.2.1.2*
.3
1.2-

.2
.5•
1.0
.5.4
1.4-

.4
.1
.1
.2
•

.7
.2
.2
.2
.1

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

.3.3.2.1
.2

SAAR

1
2
3

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

29S.
I960
3

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

1

2

.2
.2.4

6.2
4.8
1.4

6.4
5.7
.7

7.7
7.0
.6

5.4
5.0
.4

6.4
5.6
.8

2.6
1.8
. 1.7
1.2
.4
.3-

.2
.2. 1.4
.1.3
.8-

6.2
4.8
.2
.6
2.4
.5
1.1

6.4
5.7
•
.6
2.6
.7
1.8

7.7
7.0
•
.7
2.9
.9
2.5

5.4
5.0
•
.6
2.0
.7
1.7

6.4 4
5.6 5
.1 6
.6 7
2.4 8
.7 9
1.8 10

.4
.1
»
.2
•

1.4
.4
.4
.5
.2

.7
.2
•
.5
•

.6
.1
•
.4
.1

.4
•
.1
.3
•

4

.8
.3
.1
.4
. 1-

TOT.

SEASONALLY ADJUSTED
4

1.6
.4
1.2

4.9
3.4
1.5

1.7
.7
1.0

4.5
3.6
.1•
1.4
.7
1.5

.2
.7•
3.32.8
.3
.5-

.2.3•
1.2
1.4.4
.5-

1.6
.4
•
1.2
.8.5
.5-

4.9
3.4
•
.9
.7
.5
1.3

1.7 4
.7 5
•
6
*
7
.3 8
.4 9
•
10

.9
.3
.2
.3
.1

.9
.2
.2
.4
.2

.1
.2
.1.3
.1-

1.2
.2
.2
.7
.2

1.5
.4
.2
.8
.1

1.0
.2
.1
.5
.1

NET CHANGE IN ASSETS
INSTALMENT CREOIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS 1
FINANCE N.E.C. (FINANCE COMPANIES)

6.3
5.2
•
.32.0
.8
2.6

5.7
4.5
.1.2
1.8
.8
1.8

3.5
2.9
.1•
l.l
.7
1.3

2.4
1.7
. 1.2
.9
.5
.3

1.2
.3
.2
.3
.3

1.2
.5
.4
.3
•

.6
.1

.7
.4

SEASONALLY AOJUSTED
4

SAAR

ANNUAL RATES

.2.3.1

4.5
3.6
.9

1962
3

11
12
13
14
15

2

2.4
1.7
.7

29S.

.8
.2
.1
.4
.1

1
2
3

I

3.5
2.9
.6

.5
•

TOT.

.2
.7.9

TOT.

2
5.7
4.5
1.2

.2
.2
. 1-

4

1961
3

1

«

SAAR

2.6
1.8
.8

6.3
5.2
1.2

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

ANNUAL RATES
1959
3

NET CHANGE IN LIABILITIES (CONSUMER)
INSTALMENT CREDIT
NONINSTALMENT CREDIT

SAAR

1
2
3

SEASONALLY ADJUSTED

TOT.

1

4

2

1
2
3

11
12
13
14
15

SAAR

ANNUAL RATES

1963
3

TOT.

4

TOT.

1

2

NET CHANGE IN LIABILITIES (CONSUMER)
INSTALMENT CREOIT
NONINSTALMENT CREDIT

4.3
3.8
.5

7.0
5.5
1.5

4.3
3.8
.5

7.6
5.8
1.8

5.8
4.7
1.1

1
2
3

NET CHANGE IN ASSETS
INSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS I
FINANCE N.E.C. (FINANCE COMPANIES)

4.3
3.8
*
.6
1.4
.4
1.4

7.0
5.5

1.3
2.3
.9
1.0

4.3
3.8
.9
1.5
.8
.6

7.6
5.8
.1
.5
2.5
.7
2. 1

5.8
4.7
•
.8
1.9
.7
1.3

4
5
6
7
8
9
10

.5
.3
•
.1
.1

1.5
.4
.3
.7
•

.5
•
.1
.2
.2

1.8
.8
.6
.2
.2

1.1
.4
.2
.3
.2

11
12
13
14
15

NONINSTALMENT CREDIT
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS




«

190

BANK LOANS N.E.C

BANK LOANS N.E.C

TABLE 30.

BANK LOANS N.E.C. 1

IN BILLIONS OF DOLLARS

SAAK

30S.

2
3
4
5
6
7

NET CHANGE IN TOTAL BANK LOANS
LESS
CLASSIFIED TYPES
1 TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

8
9
10
11
12
13
14

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATEBUSINESS
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COS.)
REST OF THE WORLD

1

1952
3

1

2

8.4

5.8

6.6

8.8

7.4

7.1

.8
.1
1.0
1.3

5.2

.9
.1
1.8
1.9
1.4
.4—

1.2
.2
2.1
2.11.7
3.3

1.0
.2
2.8
1.3
1.14.7

1.0
.2
1.9
.6
.5
3.2

1.0
.3
3.4
.2
.32.5

5.2
. 1.2.5
5.3
.4.2

.4.1.1
4.63.7
.2
.2

3.3
.1.2
2.8
. 1.6
•

4. 7
. 1.3
7.7
5.42.4
.3-

3.2
.1.1
1.6
.9
.7
*

2.5
.1.82.34.2
1.3
.1

«

SAAR

30S.

1

1954
3

2

1.6

.3

2
3
4
5
6
7

NET CHANGE IN TOTAL BANK LOANS
LESS
CLASSIFIED TYPES
1 TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

.7
.2
.8.13.7
2.1-

.9
.4
.12.0
1.91.0-

8
9
10
11
12
13
14

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATEBUSINESS
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COS.)
REST OF THE WORLD

2. 1.1
2.5
5.1.1
.2

1.0.1
.3
4.93.4
•
.1

1

2
3
4
5
6
7

8
9
10

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3

11

NONFARM NONCORPORATEBUSINESS

12
13
14

CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COS.)
REST OF THE WORLD




TOT.

SEASONALLY ADJUSTED
4

TOT.

3.1

1.5
.5
.1
1.5
3.8.1-

2.0
.7
.8
.3
3.2
3.5

1.3
.4

.1
.1
.3
1.3.5
.5

3.5
.1
.3
2.5
.2
.2.6

1956
3

1

ANNUAL RATES
2
.7

4.7

1.6

3.5

1

.8
.2
1.5
.6.3
1.4-

.6
.1
.9
1.6
1.8
.3-

.7
.2
.4
.4
4.4
4.6-

.8
.2
1.5
.4
1.6
.9-

2
3
4
5
6
7

1.4. 1.33.7
4.4.1.2-

.3.1.43.54.2
.2.3-

4.6. 1.2.9
4.01.2•

4

10.9

1955
3

12.2

TOT.

.9- 8
.1- 9
.4- 10
.3- 11
•
12
»
13
.1- 14

SAAR

ANNUAL RATES
2

10.5

SAAR

1953
3

4

TOT.

14.5

12.0

I

.9
.3
.1

2.1
.7
1.9
1.5
1.35.7

2.1
.7
2.5
.33.09.0

1.4
.6
2.5
.2
.98.5

1.3
.5
2.5
1.0
•
9.2

1.8
.6
2.3
.6
1.38.1

2
3
4
5
6
7

.1
.1
.2
.1
.7.1
.4

5.7
.7
.4
.9
1.2
2.0
.2

9.0
.7
.3
3.4
.7
3.1
.5

8.5
.7
.4
2.5
1.9
2.3
.4

9.2
.7
.3
2.28. 1
1.9
.3

8. 1
.7
.4
1.2
3.0
2.3
.4

8
9
10
11
12
13
14

»

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES
1957
3

4

TOT.

1

2

8.7

5.9

6. 1

8.0

8.0

6.4

3.0

2.5-

3.7

1

1.4
.7
1.7
.3
.27.5

1.5
.6
1.7
1.5.16.5

1.1
.5
.9
1.1.65.0

.7
.3
1.2
.6.3
4. 1

1.2
.5
1.4
.8. 15.8

.3
.3
1.0
.1
.46.9

.2.2
1.5
.4.25.6

.2
.7
1.2
.9
.3.2

.2
.7
.9
.8.13.5-

.1
.5
1.2
.1.22.3

2
3
4
5
6
7

7.5
.1
.31.5
6.3
.5.3

6.5
.1
.1.47.5
.9.3

5.0
.1
.1
.15.7
1.0.2

4.1
.1
.2
1.5
1.8
.1
.5

5.8
.1
•
.6
5.3
.6.4

6.9
.2
.7
.8
4.6
.2
.4

5.6
.2
.1
1.9
2.0
.8
.4

.2
.2
.3
1.01.0
.5.3

3.5.2
.2
2.6—
.5
2.1.3

2.3 8
.2 9
.3 10
.2-11
2.0 12
.4-13
.4 14

1
NET CHANGE IN TOTAL BANK LOANS
LESS
CLASSIFIED TYPES
I TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

4

10.6

•

30S.

SAAR

1

SEASONALLY ADJUSTED

11.5

2

191

4

TOT.

BANK LOANS N.E.C

BANK LOANS NiE.C

TABLE 30.

BANK LOANS N.E.C. 1

IN BILLIONS OF DOLLARS

SAAR

30S.

SEASONALLY ADJUSTED

1

2

1958
3

2.3

3.9

1.8-

2
3
4
5
6
7

NET CHANGE IN TOTAL BANK LOANS
LESS
CLASSIFIED TYPES
1 TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

.5
.6
.92.6
2.2
2.6-

.9
.9
.2
4.2
.7
3.0-

1.6
.9
.35.7.2
1.6

1.9
1.3
1.6
.6
.78.7

1.2
.9
.2
.4
.6
1.2

1.7
1.2
2.9
2.3
1.35.2

8
9
10
11
12
13
14

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATEBUSINESS
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COS.)
REST OF THE WORLD

2.6.4
.5
1.3l.l2.0.8

3.0.4
.6
2.0.82.1.8

1.6
.4
.3
.11.5
1.2.7

8.7
.4
.8
5.2
2.0
.6
.2-

1.2
.4
.6
.4
.4
1.2.5

5.2
.5
.5
1.7
.2
2.2
.1

1

SAAR

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

30S.

2
3
4

5
6
7

8
9
10
11
12
13
14

TOT.
4.5

1
12.0

SEASONALLY ADJUSTED

4

4

TOT.

8.2

12.5

1.9
1.3
3.0
1.0.39.3

1.2
.8
3.3
.2*
10.6

1.0
.9
2.3
.3.94.9

1.5
1. 1
2.9
.2
.6-■
7.5

9.3
.5
.7
1.4
4.9
1.6
.2

10.6
.1
.6
1.5
5.7
2.2
.3

4.9
.1
.9
.83.9
.3
.3

7.5
.3
.7
1.0
3.7
1.6
.2

I

2

1

2

8.6

4.0

4.3

6.8

5.4

3.3

.6
.6
2.3
1.8.3
8.3

.2.6
2.1
.12.1
4.3

.1.7
1.5
2.2
2.4
2.9-

. 1.6
1.1
.7
1.0
1.0

•
.6
1.7
.2
1.4
2.7

.3
.8
3.2
.51.6
.1

.8
.6
l.l2.6
.4
.1

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATEBUSINESS
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COS.)
REST OF THE WORLD

8.3
.1
.3
3.4
4.4
.2
.1

4.3
.1
.4
.43.5
.8
.2-

2.9.2
•
3.01.4
1.5.1

1.0
.2
. i.41.1
.5.6

2.7
.2
.2
.12.6
.2.1

.1
.1
.6
1.22.4
2.1.4

.1
.2
.1
.9.5
.5.8

30S.

NET CHANGE IN TOTAL BANK LOANS
LESS
CLASSIFIED TYPES
I TO 4-FAMILY MORTGAGES
OTHER MORTGAGES

1962
3

1

2

10.5

13.1

12.4

SEASONALLY ADJUSTED

1961
3

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

SAAR

ANNUAL RATES

10.3

TOT.

1959
3
15.6

2
14.3

NET CHANGE IN TOTAL BANK LOANS
LESS
CLASSIFIED TYPES
1 TO 4-FAMILY MORTGAGES
OTHER MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

SAAR

1

1960
3

4

13.6

SAAR

ANNUAL RATES

4

TOT.

6.9

13.9

7.4

1

.9
.9

.1.3
5.0

1.1
1.1
1.4
2.2
2.2
5.7

.8
.8
.9
1.1
1.1
2.7

2
3
4
5
6
7

5.0
.2
.3
1.2
.4
2.7
.2

5.7
.7
.3
.23. 1
.5
1.3

2.7 8
.3 9
.3 10
.3--11
1.6 12
.1 13
.7 14

«

SAAR

ANNUAL RATES
1963
3

4

4

TOT.

19.1

13.8

1

1

2

TOT.

SECURITY CREDIT
OTHER LOANS 2
EQUALS BANK LOANS N.E.C.

.7
1.6
1.4
2.2
.4
3.9

2.6
2.1
3.1
2.8.18.2

2.6
2.0
1.6
2.5
.44.3

2.3
2.0
2.7
2.4
1.9
7.6

2.1
1.9
2.2
1. 1
.4
6.0

2
3
4
5
6
7

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS 3
NONFARM NONCORPORATEBUSINESS
CORPORATE BUSINESS
FINANCE N.E.C. (FINANCE COS.)
REST OF THE WORLD

3.9
.3
.4
.3
1.3
.22.1

8.2
.2
.6
3.9
1.7
1.9
•

4.3
.6
.8
.93.0
.8
•

7.6
.8
.9
.34.5
2.1
.4-

6.0
.5
.7
.7
2.6
1.1
.4

8
9
10
11
12
13
14

CONSUMER CREDIT




192

OTHER LOANS

OTHER LOANS

OTHER LOANS

TABLE 31.

IN BILLIONS OF DOLLARS

SAAR

31S.

1

2

1952
3

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

2

1953
3

4

TOT.

I. BY SECTOR 1
1
2
3
4
5
6
7
8
9
10

NET INCREASE IN LIABILITIES
CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

1.1
.2
.1
.1.2.2•
.2
.2
.9

3.6
•
.1
.3
.1
1.4
.3
.1.8
.6

3.9
.1
*
.4
.4
1.7
.4

11
12
13
14
15
16
17
18

NET INCREASE IN ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD
DISCREPANCY 3

1.1
.2
1.2
•
.1
.4•
•

3.7
.7
1.2
1.4
.2
.1
.1
•

3.9
.3
1.2
1.7
.2
.5
.1

19
20
21
22
23

OPEN MARKET PAPER 5
NET BORROWING BY CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

.4
.1
•
.2
.1

1.0
.2
•
.8
.1-

24
25
26
27
28

NET LENDING BY

.2
.2

.7
.2
•
.1

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY-FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORPORATE BUSINESS
SAVINGS AND LOAN ASSOCIATIONS
REST OF THE WORLD
NONPROFIT ORGS.

1.1
.1
.2
.1.2
.8

36

CCC- GUARANTEED LOANS AND CTFS. 8

.2-

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS - U.S. GOVT.
LIFE INSURANCE COMPANIES

.2
•
.1

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY-NONCORP. BUS.
CORP. BUS.

.4.2—
.2-

♦

.4
.4

♦

.6
.2
.1
.7
.5
1.2.6
.1
•
.3-

2.3
.1
.1
.3
.2
.4
.3
.1
.4
.4

.7.3
.1•
.1.1.8.1
.2.1

1.0
.2
•
.4
.2
.4
.2.1
.3.2

4.4
.3
•
.6
.6
1.6
.1.1
.7
.7

4.4
.4
*
.3.34.0
.2.1
.6
.2

2.3 1
.3 2
•
3
.2 4
5
.1
1.5 6
.3-■ 7
.1 8
.2 9
.3 10

.6
*
1.0
1.1•
.8
. 1*

2.3
.3
l.l
.5
.1
.2
•
•

.7.1.7.3.1
«
.1
-

1.0
.3.2
.3
.2
.3
.1
•

4.4
.6
.8
1.8
.2
.9
.2
•

4.4
.6
. 14.4
.2
.7-

2.2
.2
.1
1.6
.2
.1
.1
*

»
»

ll
12
13
14
15
16
17
13

II. BY TYPE 4




CORPORATE BUSINESS
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

•

.5

. 1-

.4

.1
.4
.1-

•
•

•
.4
•

.3.2•
.2•

.2•
•
.3.1

.9
.1
.1
.7
.1

.9
.2
•
.6
•

.3 19
20
• 21
.2 22
• 23

.3
•

.3
.1
•
—
•

.1.3•
.1

.3. 1»

—
.1

•
*
•
—
.1-

.6
.1
•
—
.2

.6
.3
•
*

.2
•
*
.1

1.2
.1
.3
.1.1.6

1.2
*
.2
.1
*
.5

.9
.1
.3
.2
.1
.3-

1.1
.1
.2

.2
*
.2
.1
.1
.1

.7

.1
.4
-

.7.1•
.1
.1
.1
-

. 1•
•
.2.1
.2

• 29
• 30
.1 31
«
32
. 1 33
.2 34
- 35

1.4

1.7

1.2-

.4

.1-

.4

1.6

4.0

1.5 36

.2
•
.1

.1
-

.1
•
.1

.1
•
.1

.2
•
.2

.2
•
.2

.2
»

.2

.3
•
.3

.2 37
•
38
.2 39

.1
•
•

.4
.2
.2

.8
.4
.4

.2
.1
.1

*
•
•

.3
.2
.2

.9
.4
.4

.7.4.4-

.1 40
.1 41
.1 42

193

«

»

—
.1

»

.1
.1
.1
.5

24
25
26
27
28

OTHER LOANS

OTHER LOANS

OTHER LOANS

TABLE 31.

IN BILLIONS OF DOLLARS

SAAR

31S.

1

2

1954
3

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

2

1955
3

4

TOT.

I. BY SECTOR 1

.3

•
.3
.1
.3
.1
.3. 1. 1.1-

1.2
.4
.1
.9
.2
.8•
.5
.1.1

.4
.2
.7
.4
2.9•
.8
.9
.2

.8
.2
•
.7
•
.7.1.8
.1*

4.6
.1.6
3.2
.3
.2.7
.1-

.1
.2.4.3
.3
.1.2
*

1.3
.21.2
1.2.4
1.2
. 1.1-

.4
.7
1.5
3.0.3
1.3
.3.1-

.8
.21.0
.9.3
.7
.1*

.8
.2
.3
•
.2

.3
.2
.1
.1.1

.5.3.1.1.1

.5
.3.2.9
•

.3.2.1.1.1

.2.2.2.2
»

.1-•19
.3-■20
.1- 21
.2 22
• 23

.2.2.2
.1
.1-

•
.1.2
.1
. 3-

.1 24
.2- 25
.2 26
.1 27
.2-•28

1.0
•
.5
.1.8
. 1•

•
*
.2
.1.1
.2*

.9
*
.4
*
.5
•
*

l
2
3
4
5
6
7
8
9
10

NET INCREASE IN LIABILITIES
CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

2.9
.4
.1
.2
•
3.1
.4. 1.2.3-

3.3.3
•
.3
.32.1.7.2.3.2-

3.9.3
.2
.2
.3
4.0.2.2.1.3-

4.5
.2
.2
.4
•
3.3
•
.2

ll
12
13
14
15
16
17
18

NET INCREASE IN ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD
DISCREPANCY 3

2.9
. 1.53.7
.2
.4•
•

3.2.31.51.9.3
.1.1
*

3.9.2.43.8.2
.3
.1.1-

19
20
21
22
23

OPEN MARKET PAPER 5
NET BORROWING BY CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

.3
.4
.1
.2•

•
.2
.1
.3*

»

2.2
.2
•
1.1
.7
.1
.1
.1
.2
.2-

1
2
3
.8 4
.3 5
1.1-• 6
•
7
.5 8
.2 9
10
*

2.2

1.2 ll
. 1 12
.9 13
1.3- 14
.3 15
1.3 16
.2- 17
18
•

»

.1
.3
2. 1
.3*

1.1
.3
»

II. BY TYPE 4

24
25
26
27
28

NET LENDING BY

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY-FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORPORATE BUSINESS
SAVINGS AND LOAN ASSOCIATIONS
REST OF THE WORLD
NONPROFIT ORGS.

CORPORATE BUSINESS
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

.1
.1.1.1

.1.5
.1•

.3.2
.1
.1

.2.2
•
.1-

.6.1
.3
.2.1.3-

1.5•
.1
.4.2.3-

.4.2
.1

2.1-

4.0-

3.3

.3
•
.2

.2
•
.2

.2
•
.2

.1•

.2
.1
.1

. 3—
.2.2-

. 1. 1. 1-

36

CCC- GUARANTEED LOANS AND CTFS. 8

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS - U.S. GOVT.
LIFE INSURANCE COMPANIES

»

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY-NONCORP. BUS.
CORP . BUS.

• 4—
.2.2-




«

3.1
.3

.2

»

19U

»

.2.3-

. 1#

.2
. 1
.7

.6
.2
.3
•
.2
.1
-

.2.2
*
•
.2

.2.4.2
.1
.1-

1.2
.1
.4

.7
. 1.1
.1
.3-

.5
•
.1

1.4
.3
.1
.8
.2
*

.1

.8-

2.9-

.7-

.1

.2
•
.2

.3
•
.2

.2
•
.1

.2

.2

.2
•
.1

1.1
.5
.5

1.2
.6
.6

.6
.3
.3

2.0
1.0
1.0

.5.1
.2
. 1. 1.2-

»

»

29
30
31
32
33
34
35

1.1-■36
.2 37
38
.2 39

«

1.2 40
.6 41
.6 42

OTHER LOANS

OTHER LOANS

TABLE 31.

OTHER LOANS

IN BILLIONS OF DOLLARS

SAAR

31S.

1

2

1956
3

SEASONALLY ADJUSTED

4

TOT.

1

ANNUAL RATES
2

1957
3

SAAR
4

TOT

I. BY SECTOR I
I
2
3
4
5
6
7
8
9
10

NET INCREASE IN LIABILITIES
CUNSUMER AND NONPROFIT
FARM BUSINESS
NUNFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

1.1
.3
•
.1
.1
.3
.1
.2
.5
.3

11
12
13
14
15
16
17
18

NET INCREASE IN ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD
DISCREPANCY 3

l.l
.3
.4
.2.4
.1
.1
•

.2
.2
.1
.4
.2
.8.1
.4.3
.1

1.6
.5
.1
.8
.3
.1
.1
.2. 1*

.9
.3
.1
.4
.1
.3.1
.2.2
.2

2.8
.4
.2
.5
.3
.2.3
.4
.3
.6

.9
.5
.1
.4
.7
.2.1
.1.5*

3.2
.5
.1
1.2
.9
.5.2

1.6
.2.2
.5
.4
.6
.1

»

.2
.4
.1
.6•
.2
.2
•

»

.9
.1
.3
.1.2
.2
.2
•

2.8
.3
1.1
.6.3
1.4
.3
. 1-

.8
.4
.1
.3
.1
.2.1
.4»

.5
.8
.1
.6
.1.2
.3.2

1
2
3
4
5
6
7
8
9
10

.7
.1

4.2
.5
.3
.3
.6
.8.2
. 11.4
1.6

2.8
.5
.2
.6
.6
.4.2
•
.5
.6

.9
.4.1
.2.3
.9
.2
. 1-

3.3
.2
.3
.3.8
1.8
.6
.1-

4.3
1.1
2.3
.1
.6
.5
.3. 1-

2.9 11
.3 12
1.0 13
.2- 14
.5 15
l.l 16
.2 17
.1- 18

.2*

1.4
.3
.3
.7
.1

1.9
.4
.1
1.4
*

.8
.1
.1
.5
.2

19
20
21
22
23

.2
.1
.4
.1
.6

1.1
.9
.1
.1
.3-

.3
.1
.1
.1
.2

24
25
26
27
28

.3
.1
.1
.2-

2.2
.3
•
.1
. 11.6
•

.9
.2
•
.1

»

II. BY TYPE 4
19
20
21
22
23

OPEN MARKET PAPER 5
NET BORROWING BY CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

.6
•
.5
.1

.4
.1
.1
•
.2

.6
.1
.1
.3
.1

.3
.1
.1
. 1.3

.5
.1
.1
.2
.2

.2
.4.2.3
.5

24
25
26
27
28

NET LENDING BY

.3
•
.1
.1
.1

.1
.1
.1.1
.2

.4
.1
.1.1
.2

.2.2
.1
.1
.1

.1
.1

.3
.5•
.1
.3

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY-FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORPORATE BUSINESS
SAVINGS AND LOAN ASSOCIATIONS
REST OF THE WORLD
NONPROFIT ORGS.

.4
•
•
. 1.2
.2
*

.6
.1
.2
.2
.4.4
*

»

.2
.1
.5
•
.2.3*

.3
.1
.3
*
.2.1
•

CORPORATE BUSINESS
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

.1
.3
»

.4•
*

»

.1
.2

l.l
.2
•
•
.4
.1
*

»

.5.3

.4*
»

.1
.2
.1
.1
•
.3
. 1.4*

«

*
•

29
30
31
32
»
33
.3 34
35
•

36

CCC- GUARANTEED LOANS AND CTFS. 8

.3-

.2-

.8-

.1

.3-

.2-

.2-

.5-

.8-

.4--36

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS - U.S. GOVT.
LIFE INSURANCE COMPANIES

.2

.3
•
.3

a
•
.i

.4
•
.3

.3
»

.2

.3
•
.3

.4
•
.3

.4
•
.4

.5
•
.4

.4 37
»
38
.4 39

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY-NONCORP. BUS.
CORP. BUS.

.4.2.2-

.i
.i
.i

.5
.3
.3

.1
•
•

1.2
.6
.6

.7
.4
.4

1.6
.8
.8

.3
.2
.2

1.0 40
.5 41
.5 42




»

.2

.1
•
«

135

OTHER LOANS

OTHER LOANS

TABLE 31.

OTHER LOANS

IN BILLIONS OF DOLLARS

31S.
1

2

SEASONALLY ADJUSTED

1958
3

TOT.

1

ANNUAL RATES
2

1959
3

4

TOT.

I. BY SECTOR 1
.9
.5
.2
.3.1
.2
.2
.2
.3-

1.2
.4
.2
.1.5.4
.2
.2

9
4
,3
6
,4
12
4
29

2.2
.4
.2
.2
.2
.4
.2
•
.1.6

2.0
.5
.3
.7
.5
l.l.2
1.1
.2-

6.9
.6
.3
1.7
l.l
.1.2
.9
1.4
.8

3.5
.5
.2
.7
.7
.3.2
.9
.4
.2

1.3
.8
.1
.6
.4
1.0.4
.4
.6
1.1-

3.4
.6
.2
.9
.7
.6.3
.8
.6
*

3.7
.3
.5
2.1
.5
.1.3
.1-

.9
.21.2
.7
.2
.6.3-

1.2
.21.9

9
1
,I
6-

.1
.4.4-

4
2-

2.2
•
1.4
.6
.2
.1
. 1*

2.0
.12.1
1.3.3
1.7
.5•

6.9
.9
3.0
.3.8
1.9
.4
*

3.6
.5
1.5
*
.2
1.4
.2.1-

1.4
.7
•
. 7.5
.9
•
. 1-

3.5 11
.5 12
1.6 13
.6- 14
.5 15
1.5 16
. 1- 17
.1- 18

OPEN MARKET PAPER 5
NET BORROWING BY CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

1.9
1.0
.5
.5
.1-

.1.4
•
.3.2-

1.0.4.2.4•

.9.4.3.2•

•
.2
•
.1.1-

1.0.4.3.2.1-

1.5
•
.1
1.4
*

24
25
26
27
28

NET LENDING BY

.3
1.1
.1
•
.3

.2.5
.1.3-

.2.3.2•
.4-

.1
.6.3.2-

•
.2
.1-

.1.3•
.5-

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY-FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORPORATE BUSINESS
SAVINGS AND LOAN ASSOCIATIONS
REST OF THE WORLD
NONPROFIT ORGS.

.5
.2
.2
.1.6.5
.1

36

CCC- GUARANTEED LOANS AND CTFS. 8

37
38
39
40
41
42

1
2
3
4
5
6
7
8
9
10

NET INCREASE IN LIABILITIES
CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

3.6
.5
.2

11
12
13
14
15
16
17
18

NET INCREASE IN ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD
DISCREPANCY 3

19
20
21
22
23

.9
.2
.6.5
.4

1
2
3
4
5
6
r
8
9
10

II. BY TYPE 4

CORPORATE BUSINESS
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

-1"
1.4
.2
.2

2.0
.3
.2
.1
1.1

1.1
.2
.1
.1
.2
.3
.1

1.8
.2
.2
•
.2
1.0
.1

.9

.2

.4

. 1-

.4

1.1-

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS - U.S. GOVT.
LIFE INSURANCE COMPANIES

.4
•
.4

.4

.3

.4

»

.3
•
.3

.4
•
.4

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY-NONCORP. BUS.
CORP . BUS.

.2.1. 1-

.7.3.3-




.4

196

• 4—

.2.2-

2.1
.3
.2
.1
.4
.8
*

»

.6
.1

»

.3
1.4
.7
.7

.3
•
*
»

»

•

1.7
.9
.9

.9
.2.4
.4

3.0
.3
.4
.2
.9
.8
.1

.4 19
.1--20
21
.6 22
• 23

.4
.1
•
.4
.1-

.8
•
.2
.6
.1

♦

.5
.2
.1.2-

.7
.2
. 1*

.5 24
25
* 26
- 27
.1--28

1.5
.2
*
. 1.9
.3
.1

.1.1
•
•
.4
1.1.1

1.6 29
.2 30
.2 31
»
32
.8 33
• 34
.1 35

1.0-

.6--36
.5 37
• 38
.4 39

1.4 40
.7 41
.7 42

.1-

.3-

.5

.4

#

»

.4

.4

.6
•
.6

1.9
.9
.9

1.4
.7
.7

.8
.4
.4

»

OTHER LOANS

OTHER LOANS

OTHER LOANS

TABLE 31.

IN BILLIONS OF OOLLARS

31S.

SAAR

SEASONALLY ADJUSTED

1

2

3

4

TOT.

1

SAAR

ANNUAL RATES

2

3

4

TOT.

I. BY SECTOR I
1
2
3
4
5
6
7
8
9
10

NET INCREASE IN LIABILITIES
CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

7.1
.8
.1
1.6
1.9
.1.2
.32.3
.6

7.7
1.0
.2
.8
2.4
.7
.4
.1.5
1.8

4.9
.9
.2
.5
.2
1.4
.4
.2.5
1.2

5.5
.6
.1
1.5
1.7
.1.1
•
.3
1.3

6.3
.8
.1
1.1
1.5
.5
.3
.2.9
1.2

3.3
.9
.2
.2.3.6
.4
.3
.52.0

1.2
.8
.2
.3
.6
.3.3
.4
.1
1.2-

7.7
.5
.3
1.7
2.1
.4.3
.9
.22.5

6.1
.5
.3
.2
.2
1.1
.3
1.2
.5
1.9

4.6 1
.7 2
.3 3
.5 4
.7 5
.2 6
.3 7
.7 8
•
9
1.3 10

11
12
13
14
15
16
17
18

NET INCREASE IN ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD
DISCREPANCY 3

7.2
2.1
.3
.2
.6
2.9
.9
.1-

7.8
.2
2.7
2.0
.9
1.7
.2

5.0
.2
.3
2.5
.9
.4
.6

5.5
.21.3
l.l
.8
2.5
.1
•

6.4
.6
1.1
1.4
.8
1.9
.5

3.3
.62.2
1.5
.8
.7.1

1.2
.3
.6.3
.4
.6
.3

7.7
.24.1
.3
.2
2.7
.4

6. 1
.7
3.1
2.2
.1
.3
.5•

4.6
.1
2.2
1.1
.4
.7
.1
•

11
12
13
14
15
16
17
IB

19
20
21
22
23

OPEN MARKET PAPER 5
NET BORROWING BY CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

3.4
.5
.2
2.3
.4

1.9
.7
•
.5
.6

2.0
.5
.2
.5
.9

1.4
.4
.1
.3
.7

2.2
.5
.1
.9
.6

.4
.1
.1.5.9

19
20
21
22
23

24
25
26
27
28

NET LENDING BY

2.1
.2
.2
.9

.2
1.3
.1
.2

.2
.9
.2
.6

.2l. L
.4
.1

.6
.9
.2
.1
.5

.6.8
.1
.1

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY-FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORPORATE BUSINESS
SAVINGS AND LOAN ASSOCIATIONS
REST OF THE WORLD
NONPROFIT ORGS.

.3
.1
.1•
.3.2
•

2.7
.2
*
.9
.11.2
.2

.3
.2
.1
.5.2.3
.1

1.2
.1
.2
.1
•
.6
.1

36

CCC- GUARANTEED LOANS AND CTFS. 8

.1-

.7

I .4

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS - U.S. GOVT.
LIFE INSURANCE COMPANIES

.7
*
.7

.8
.1
.7

.7
•
.7

»

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY-NONCORP. BUS.
CORP. BUS.

2.6
1.3
1.3

1.7
.8
.8

.4
.2
.2

»

II. BY TYPE 4




CORPORATE BUSINESS
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

»

137

1.1
.1
•
.1
.2.6
.1

1.0
.2
.1
.1
.6
.3
.6
.2.3
.7.2

2.2
.2
.2
•
.3
1.1
.1

.2
.4
1.9.1

»

.9
.4
.1
.2.5

1.2
.3
.1
.5
.3

.8
.2
*
•
.6

.2.7
.1.4

.7
1.2
.3.5-

. 1 24
.8 25
.1-■26
- 27
.1 28

4.0
.3
.1
.3
.9
2.0
.1

3. 1
.3
•
.21.2
1.5
.1

2.1
.3
.1
.1
.7
.7
.1

29
30
31
32
33
34
35

. 1-

.5

.6

.3-

.4-

1.1

.2 36

.4
.4

.7
*
.6

.7
•
.7

.7
.1
.6

.4
.1
.3

.4
.1
.4

.5 37
.1 38
.5 39

2.5
1.2
1.2

1.8
.9
.9

.7.4.4-

.6
.3
.3

2.7
1.4
1.4

.3
.1
.1

.7 40
.4 41
.4 42

OTHER LOANS

OTHER LOANS

TABLE 31.

OTHER LOANS

IN BILLIONS

DOLLARS

31S.

SAAR
1

1962
3

2

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES
2

1963
3

4

TOT.

I. BY SECTOR 1
1
2
3
4
5
6
7
8
9
10

NET INCREASE IN LIABILITIES
CONSUMER AND NONPROFIT
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
U.S. GOVERNMENT
STATE AND LOCAL GOVERNMENTS
SAVINGS INSTITUTIONS
FINANCE N.E.C.
REST OF THE WORLD

4.8
.6
.3
.1
.1
.7
.5
.3
1.2
1.0

6.9
.6
.3
.9
1.5
.2.6
1.2
1.2
.8

6.6
.8
.2
1.6
1.8
1.5.3
1.1
2.7
.4-

7.3
.6
.2
.9
.9
1.7
1.0
.8
.81.9

6.4
.6
.3
.9
I. 1
.2
.6
.8
1. 1
.8

1
2
3
4
5
6
7
8
9
10

11
12
13
14
15
16
17
18

NET INCREASE IN ASSETS 2
CORPORATE BUSINESS
U.S. GOVERNMENT
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD
DISCREPANCY 3

4.8
.12.9
.3
1.6
.1
•
•

7.0
1.1
4.2

6.6
2.0
2.0
.5.9
2.4
.2-

7.3
.2
3.8
2.2
.51.4
.2
•

6.4
.8
3.2
.5
.6
1.2
*
•

11
12
13
14
15
16
17
18

♦

.4
1.1
.1

«

II. BY TYPE 4
19
20
21
22
23

OPEN MARKET PAPER 5
NET BORROWING BY CORPORATE BUSINESS
NONCORPORATE BUSINESS
FINANCE COMPANIES
REST OF THE WORLD

.7
.1.31.2
.2-

1.4
.5
.3
1.2
.6-

3.1
.6
•
2.7
.2-

•
.1•
.8.9

1.3
.2
•
1.1
•

19
20
21
22
23

24
25
26
27
28

NET LENDING BY

.1.41.2
•

1.1
.3
.1.1

2.0
.9
.4
.2-

.2
.5
.9.2

.8
.3
.2
•

24
25
26
27
28

29
30
31
32
33
34
35

U.S. GOVT. LOANS
LIABILITY-FARM BUSINESS 6
NONFARM NONCORP. BUS.
CORPORATE BUSINESS
SAVINGS AND LOAN ASSOCIATIONS
REST OF THE WORLD
NONPROFIT ORGS.

2.8
.3
.2
.2
.3
1.2
.1

4.2
.3
.1
.5
1.2
1.4
.1

1.9
.2
.3
.1
1.1
.2.2

3.7
.2
.2
.4
.8
l.l

3.1
.3
.2
.3
.8
.8
.1

29
30
31
32
33
34
35

36

CCC- GUARANTEED LOANS AND CTFS. 8

.7

.2-

1.5-

1.7

.2

36

37
38
39

POLICY LOANS (CONSUMER LIABILITIES) 9
ASSETS - U.S. GOVT.
LIFE INSURANCE COMPANIES

.5
.1
.5

.6
.1
.5

.5
•
.5

.4
•
.4

.5
•
.5

37
38
39

40
41
42

FINANCE COMPANY LOANS TO BUSINESS
LIABILITY-NONCORP. BUS.
CORP. BUS.

•
•
•

1.0
.5
.5

2.3
1.2
1.2

1.3
.7
.7

1.2
.6
.6

40
41
42




CORPORATE BUSINESS
COMMERCIAL BANKING
INSURANCE
FINANCE N.E.C.
REST OF THE WORLD

138

SECURITY CREOIT

SECURITY CREDIT

TABLE 32.

SECURITY CREDIT

IN BILLIONS OF DOLLARS

SAAR

32S.

5
6
7
8

9
10
11
12
13
14

NET CHANGE IN LIABILITIES
CUSTOMERS 1
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES

2

I

2

2.1
.2
.1
.1

2.0.5
.3
.2

1.5
•
•
.1

.6
.2
.1
.1

.9
.8
.2
.6

.1
.6
.1.7

1.6
. l-

BROKERS + DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1

.8
1.2
. 1.3-

1.9
1.8
.1
.1

2.52.4.1
.2-

1.4
1.3
.1
*

.4
.5
.1
.1-

.1
. 1.1
*

.5.5.1
.1-

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING

.9
.31.3

2. 1
•
1.9

2.0.22.1-

1.5
•
1.3

.6
.1.6

.9
•
.2

.1
.1.6-

FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN. BANKS

.1•
. 1-

.2
.1
.1

.3
.2
.1

.2
.1
.1

.1
.1
.1

.7
.6
.1

.8
.7
.1

32S.

SAAR

1

1
2
3
4
5
6
7
8

9
10
11
12
13
14

NET CHANGE IN LIABILITIES
CUSTOMERS 1
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES
BROKERS + DEALERS
SECURITY LUANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING

FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN. BANKS

2

1954
3

.3
.2
.1
.1

3.1
.9
.4
.6

3.0
1.5
.4
1.1

.1
.2.1
.3

2.2
1.6
.1
.5

1.4
1.1
.1
.2

.3
.3
.1-

3.1
.5
2.0

3.0
.2
1.5

.7
.6
.1

1.2
l.l
.1

.2
.1
.1

32S.

SAAR

1956
3

4

TOT.

SEASONALLY ADJUSTEO

4

TOT.

1

SAAR

ANNUAL RATES

.9
.1
.1
*

I

1
2
3
4

SEASONALLY ADJUSTED

1952
3

1953
3

4

.9
.5
.1
.4

I
2
3
4

1.7
1.6
.1
*

.3
.1
.1
•I

.4
.3
.1
•

5
6
7
8

1.6
*
1.6

.8
.1
.4

.9 9
•
10
.4 11

.3
.2
.1

.5 12
.4 13
. 1 14

»

.1-

•
. 1.1

SAAR

ANNUAL RATES
2

TOT.

.8
.5
.3
.2

1955
3

4

TOT.

2.2
1.1
.3
.8

2.7
1.4
.2
1.2

.3.4
.3

1.0
.7
.2
.5

.6
.3
.4
.1-

1.0
.6
.1
.3

1.3
1.3
.1
.1-

.7.6.1
.2-

.3
•
.1
.1

.3
.6
.1
.5-

2.2
.3
.3

2.2
.3
.9

2.7
.11.5

.3.2.3-

1.0
.1
.2

.6
.41.0

1.0 9
.1- 10
.6 11

1.6
1.5
.1

.9
.8
.1

1.3
1.2
.1

.2
.1
.1

.6
.5
.1

•
. 1.1

.5 12
.4 13
. 1 14

2.2
1.9
.5
1.5
.3
.2.1
.3

SEASONALLY ADJUSTED
4

TOT.

.3
.3
.1
.1-

1
2
3
4

5
6
7
8

SAAR

ANNUAL RATES
1957
3

1.0
.7
.3
.4

4

TOT.

1

2

I
2
3
4

NET CHANGE IN LIABILITIES
CUSTOMERS 1
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES

.6
.2
.2
•

1.9.5.3.2-

.9.1
.1.2

.3.1
. 1.2

.6•
. 1*

.6.7.2.4-

.4
.5

5
6
7
8

BROKERS ♦ DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1

.4
.1
.1
.2

1.4—
1.3.1
i 3-

.91.0.1
•

. 3—
.5.2
-

.6.7.1
•

.4
•
. 3-

.1.5.1
.2

l.l
1.0
.1
*

.4.9.2
.2

.6
.2
.3

1.9.31.5-

.9•
1.1-

.3•
.6-

.6•
.8-

.6.3.1

.4
.2
.4-

.8

.9

1.6.2
.8-

.3- 9
•
10
. 1- 11

.1
•
.1

.1.2.1

.2
.2
.1

.4
.2
.2

.1
*
.1

.4.4*

.6
.5
.1

.1.2.1

1.01.2.2

.2- 12
.3- 13
.1 14

I

9
10
11
12
13
14

NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING

FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN. BANKS




2

199

»

.5

.8
.3. 1.2-

»

1.6t.l.1
1.2-

.3.4.1.3-

1
2
3
4

.1
•
.1
•

5
6
7
8

SECURITY CREDIT

SECURITY CREOIT

TABLE 32.

SECURITY CREDIT

IN BILLIONS OF DOLLARS

SAAR

1
2
3
4

5
6
7
8

9
10
11
12
13
14

32S.

NET CHANGE IN LIABILITIES
CUSTOMERS 1
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES

BROKERS + DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1
NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING
FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN. BANKS

I

2

1958
3

4.0
1.9
.8
1.1

6.2
1.9
.6
1.3

4.7.1.7.6

2.1
1.8
.2
.1

4.3
3.6
.7

4.6—
5.0.1
.3

4.0
.1
2.6

6.2
.6
4.2

4.7.3
5.7-

1.3
1.1
.2

1.3
1.3
-

.8
.6
.1

SAAR

32S.

5
6
7
8
9
10
11
12
13
14

NET CHANGE IN LIABILITIES
CUSTOMERS 1
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES
BROKERS * DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1
NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING

FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN. BANKS

9
10
11
12
13
14

BROKERS ♦ DEALERS
SECURITY LOANS FROM BANKS
FROM AG. OF FGN. BANKS
CUSTOMER CREDIT BALANCES 1
NET CHANGE IN ASSETS
CONSUMER AND NONPROFIT
COMMERCIAL BANKING
FINANCE N.E.C.
BROKERS AND DEALERS
AG. OF FGN. BANKS




.7
.9
.2-

2

4

1.8
1.2
.2
1.0

2.8
1.1
.9
.2

1.5.3.2. 1-

.6.3.1.2-

.4.4.5.1

.6
.2
•
.3

1.7
1.4
.1
.3

1.2.8.i
.5-

.3.1.3-

.2
.2-

1.8
.3
.4

2.8
.3
2.3

1.5.41.0-

.6.3.2-

.4.2.3-

1.0
1.0
•

.3
.2
.1

•
.1.1

.2.2-

.1
-

SEASONALLY ADJUSTED

.1
*
«
»

1
2
3
4

«
•2

5
6
7
.2- 8

.1 9
.2- 10
• 2 11

•
•

12
13
14

SAAR

ANNUAL RATES

1961
3

TOT.

1

2

•
.4.1.3-

3.3
1.2
.3
.8

.9
.2
.1
.2

.4
.1•
.1-

1.9
1.6
•
1.5

4. 1
1.9
.6
1.4

1.21.4.5
.3-

.4
•
•
.4

2.2
1.9
.1
.2

.6
.6
.2.2

.5
.3
.1
.2

.3
.5.61.4

2.2
2.1
.8
.7-

1.2.1.8.2-

2.2
1.7
.6
.1-

2.7.31.8-

»

3.3
.2
2.2

.9
.2
.7

.4
.1
.2

1.9
1.4
.5-

4.1
.72.6

.8.2.1-

3.8
.32.2

2.3 9
.1 10
1.1 11

•
.2
.2-

•
.1.1

.9
1.5
.6-

2.2
1.4
.8

.4.3
.8-

1.7
1.1
.6

1.1 12
1.1 13
*
14

.71.2.5

1

5
6
7
8

1.5
.1
.6

1

SAAR

2

.4

.4.3»

.9
.8
.1

32S.

NET CHANGE IN LIABILITIES
CUSTOMERS 1
SECURITY LOANS FROM BANKS
CUSTOMER DEBIT BALANCES

.5
.5
.2.1

TOT.

1959
3

2.71.5.4—
1.2-

SAAR

1
2
3
4

4
1.5
1.0
.2
.9

ANNUAL RATES

1960
3

1
1
2
3
4

SEASONALLY AOJUSTED

2

4

TOT.

SEASONALLY ADJUSTED

1962
3

4

TOT.

1

.8.4
•
.3

4
3.8
1.6
.6
1.1

2

2.3
1.4
.3
1.1

1
2
3
4

.9
.8
•
.1

5
6
7
8

SAAR

ANNUAL RATES

1963
3

TOT.

4

TOT.

.9
.6.1
.7-

5.33.3.72.6-

3.1
1.5
.21.7

4.4
1. 7
.7
1.0

.2-

1
2
3
4

1.5
2.1
.1.5-

2.02.11.21.3

1.6
2.7
.2
1.2-

2.7
1.7
.6
.5

.9
1. 1
. 1•

5
6
7
8

.9
.52.2

5.31.4
2.8-

3.1
1.22.5

4.4
.5
2.4

.8
•
1.1

.8.7. 1-

3.82.61.2-

1.9
1.7
.2

1.6
1.0
.6

200

.8
.2»

.3.2.1-

9
10
11

12
13
14

TRADE CREDIT

TRADE CREDIT

TABLE 33.

TRADE CREDIT

IN BILLIONS OF DOLLARS

33S.

SAAR

1
2
3
4
5
6
7

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES 2
CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

1
1.3
.2
.9
1.0
.2.8.1

SEASONALLY ADJUSTED

2
5.1.2
.6
3.0

1952
3
5.8
.2
.11.9-

8.6.4.1

7.2
.4
.1

10.3
1.1
.1

4
4.9
.3
.76.2-

1953
3
1.9.1
.23.2

U5
•
.8
1.7

2
2.2
.52.1-

2.2
.1
.1

1.6.4
.1

5.6
.8.1

5.1-

TOT.
1.7
.2
.2
1.0-

SAAR

ANNUAL RATES

«

4
1.3.1
• 4—
.7-

TOT.
.1
.1
. 1.5

1
2
3
4

.1.3.1

.3- 5
.2- 6
.1 7

8
9
10
11

NET CHANGE IN ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE 5

2.9
1.6
1.2
.1

1.73.41.6
.1

8.4
7.5
.8
.1

6.5
6.2
.2
.1

4.0
3.0
1.0
.1

4.1
2.7
1.3
.1

.8
1.1
.3.1

2.93.1.1
.1

5.24.01.2.1

.8- 8
.8- 9
•
10
.1 11

12

DISCREPANCY (1-8)

1.6-

3.4-

2.6-

1.5-

2.3-

2.6-

1.4

1.0

3.8

.9 12

SAAR

1
2
3
4

5
6
7

33S.

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES 2
CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

8
9
10
11

NET CHANGE IN ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE

12

DISCREPANCY (1-8)

1
2.0
.1
.3.7-

2
.2.1
.4
5.7

2.1
.7
.2

5.11.4—
.2

.2
.4.1

1.7
.4
1.3
.1

1.8
2.2
.4.1

3.1
2.2
.8
.1

8.5
9.1
.7.1

3.7
3.5
.2
.1

.4

2.0-

2.2-

4.8-

2.1-

SAAR

1
2
3
4
5
6
7

33S.

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES 2
CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

8
9
10
ll

NET CHANGE IN ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE 5

12

DISCREPANCY (1-8)




SEASONALLY ADJUSTED

1954
3
.9
.1
.2
.7

1956
3
3.3
.2

1
4.0
.1
.6
.9

2
7.6
.2
.1.3

2.3
»

7.1
.1
-

1.9
.3
.4

4.1
4.0
*
.1

7.5
6.4
1.0
.1

.1

.1-

201

4
3.7
.1
. 11.2-

4.4
.2
.1

TOT.
1.6
.1
»

1.1

.4
.2.2

TOT.
8.4
.1
.1
.1

9.5
.6.2

5.3
.3.2

9.6
.1

7.7
.5
.2

8.0 5
.1- 6
.2 7

7.7
8.2
.6.1

9.3
9.7
.4.1

9.5
9.2
.2
.1

9.6 8
9.6 9
.2- 10
.1 ll

3.4-

.3-

1.2

1.2- 12

11.7
11.5
.1
.1

2.1-

♦

1.1-

2

4.5
1.0
-

4.0
.3
.1

1.7
.3.2

•
.2.2

5.8
5.8
.1.1

6.2
6.7
.6.1

5.9
5.7
.1
.1

5.4
4.9
.4
.2

2.2
1.3
.7
.2

2.5-

2.0-

l.l-

3.2-

2.3-

.1
.2
.3-

1957
3
.2
.1

1
2
3
4

SAAR

ANNUAL RATES

1
2.2
.2
.3.8

.6

4
10.7
.1
.3
1.9

2
4.3
.1

TOT.
4.8
.2
.1
.2

«

1955
3
9.0
.1
.1
.9-

1
9.6
.1
•
.4

SEASONALLY ADJUSTED
4
4.3
.2
.21.1-

SAAR

ANNUAL RATES

TOT.

.3

4
2.4.2
.2
1.3

.2.2.2

5.61.4
.2

1.0- 5
.2 6
.2 7

.9
1.0
.3.2

2.21.21.2.2

1.6 8
1.5 9
.1- 10
.2 ll

.6-

. 1-

1.6- 12

»

.1
•
.5

1
2
3
4

TRADE CREDIT

TRADE CREDIT

TABLE 33.

TRADE CREDIT

IN BILLIONS OF DOLLARS

SAAR

1
2
3
4
5
6
7

33S.

2
2.2
.3
.6

4
6.5
.2
.3
.3

TOT.
2.2
.1
.2
.3-

1
2
3
4

6.0
.1.1

1.7
.5.1

3.9•
.1

4.7
.9
.1

2.1
.1
.1

5
6
7

.1
.1.1
.2

8.9
8.6
.1
.2

6.2 8
6.1 9
•
10
.2 11

2.4-

4.0- 12

4
2.6
.1
.1
3.0-

TOT.
2.7
.1
.2
.5-

1
4.9
.1
.3.9-

3.8.4—
.2

2.5
.2.2

7.3
.3
.2

4.6
.6
.2

2.7
.1
.2

8
9
10
11

NET CHANGE IN ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE 5

2.62.2.6.1

6.6
7.1
.7-1

11.6
11.9
.5.1

7.3
7.5
.4.1

5.7
6. 1
.5.1

8.6
8.6
. 1.2

7.4
7.2
*
.2

12

DISCREPANCY (1-8)

1.5-

2.2-

3.5-

4.7-

3.0-

3.8-

5.2-

SAAR

1
2
3
4
5
6
7

33S.

1
NET CHANGE IN LIABILITIES
5.1
NONPROFIT ORGS.
.4
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES 2 .3CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

2
.7
•
.4

4.8
.1
.1

.5
.3.1

SEASONALLY ADJUSTED

1960
3
l.l
.2
.1
.8

4
3.6•
1.2-

TOT.
.8
*
.1

.3.3
.1

3.2.8
.1

4.4
4.2
.1
.2

5.6
5.0

.6

8.7
8.5
.2.4

12

DISCREPANCY (1-8)

3.3-

2.2-

3.6-

5.2-

3.6-

4.6-

5.9-

5
6
7

6.9
6.8
.2
.1-

10. 1
10.4
.1. 3-

7.8
7.7

5.1-

4. 5-

SEASONALLY ADJUSTED

8
9
10
.2 11

#

5.0- 12

SAAR

ANNUAL RATES

1
.2
.7
.8

2
.6.1
.6-

1962
3
8.6
.2
.2
1.1

1.5.1
.1

.3
.5.1

6.5
.5
.1

4.8.9
.1

.1
.3
.1

5
6
7

11.2
10.8
.3
.2

.7
.8
.5
.6-

5.6
5. 1
.2
.3

8
9
10
11

2.9-

4. 1-

12

8
9
10
11

NET CHANGE IN ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT U
INSURANCE 5

5.9
5.1
*
.8

4.7
3.8
.2
.7

12

DISCREPANCY (1-8)

5.7-

5.3-




2.2
.2
.1

l.l
.6
-1

1.6
1.4
.1
.2

CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

5.3
.6
.1

2.0
.7-

4.7
4.6
•
.2

5
6
7

1
2
3
4

.5
.4
-1

3.0
3.0
.2.2

NET CHANGE IN LIABILITIES
NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORP. BUSINESS, NET PAYABLES 2

TOT.
2.8
.1
.1
•

.4
.2
.1

8.5
7.9
.4
.2

1
2
3
4

4
5.6
.1
.5-

2
2.8
.4
1.0

»

SAAR

1961
3
1.7
.2
.1
.5-

1
1.0
.2
.1*

NET CHANGE IN ASSETS
CORPORATE BUSINESS
U.S. GOVERNMENT h
INSURANCE 5

33S.

4.8-

ANNUAL RATES

8
9
10
11

SAAR

SAAR

ANNUAL RATES

1959
3
4.6.4
1.2-

2
4.4
.2
1.7

1
NET CHANGE IN LIABILITIES
4.2NONPROFIT ORGS.
.1
FARM BUSINESS
.2
NONFARM NONCORP. BUSINESS, NET PAYABLES 2
.5-

CORPORATE BUSINESS
U.S. GOVERNMENT 3
STATE AND LOCAL GOVERNMENTS

SEASONALLY ADJUSTED

1958
3
8.1
.2
.3
.2-

202

2.6-

4
2.2.3
1.3

TOT.
1.5
•
.3
.7

1

2

1963
3

4

TOT.

1
2
3
4

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS

IN BILLIONS OF DOLLARS
34S.

l

2

1952
3

SEASONALLY ADJUSTED

4

TOT.

1

ANNUAL RATES

2

1953
3

4

TOT.

I. BY SECTOR I
TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLD

».9
»
. 1.9
1.6
.5
.9

3.3
.1
«
1.0
.2
.5
1.5

1.9
♦
.5
1.0
.1.1.6

2.8
.2
.4l. 1
.6
.21.5

3.5
.1
•
1.0
l.l
.2
1.1

2.8
.2
•
1.0
.8
.1
.8

1.8
»
.9
.9
.3•
.1

2.1
.2
.5.8
.6
.2
.8

.8
.1
.2
.7
.6.1
.3

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

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATEBUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

!.3
.4
.1
.2
..0
.2
1.0.1
).3

2.6
.5
.1
.2
1.4
.1.1
.2
.2

1 .6
.5
»
.2
.8
•
.1
.3
.4-

2. 7
.5
»
.2
1.2
.1
•
.2
.4

2.3
.5
.1
.2
1.1
.1
.7.2
.9

1.7
.5
•
.2
1.1
»
.3•
.1

2.3
.5
.1
.2
.6
.31.0
.1
-1

2.7
.5
.1
.2
1.1
*
.1.4
.6

.9
.4
.1
.1
.7
. 3.2.3
. 3-

1.9 8
.5 9
.1 10
.2 11
.9 12
.1-13
.1 14
.2 15
.1 16

17

DISCREPANCY

1.6

.7

.3

.1

1.2

1. 1

.5-

.6-

. 1-

*

17

18
19
20
21

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
UNALLOCATED INTEREST ACCRUALS 10
OTHER UNALLOCATED

. 1.1
•
.2-

.2
•
.2-

.4
.3
«
.1-

.5.1
•
.2-

.9
.1
.1
.1-

.5.3
.1*

.1
.3
»
. 1-

.1
.1
»

18
19
20
21

22
23
24
25

FOREIGN CURRENCY EXCEPT OFFICIAL
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

.2
•
»
.2

.1
.1
•

»
-

. 1. 1. 1-

.1
.1-

*

.1
. 1•

♦ 22
* 23
.1-24
* 25

26

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

.4

27

DEP. AT BANKS IN U.S. POSS. AND TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

•

28
29

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS h
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

30

COML. BANK CLAIMS ON FGN. BRANCHES

1
2
3
4
5
6
7

II.

1
2
3
4
5
6
7

BY TYPE

(A) DEPOSITS

.2
.2-

.1. 1•
*

•

.
•
.
.

1
11
1

.1
•
«
.1

.1
•
. 1-

*

.5

.2-

.2-

.1

*

*

.2

.2

.1 26

*

•

•

•

*

•

»

•

•

1.1

.8

.8

.5

.9

.6

.7 28

.1

.2

*

*.2

.1

•

•

.1-

•

27

(B) EQUITIES

31

LIABILITY - REST OF THE WORLD
COML. BANK LIABILITY TO FGN. BRANCHES

32

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION 5
LIABILITY - MONETARY AUTHORITIES

33

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WORLD

34
35
36

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

.8

1.1

.5

*

.1

*

.2

•

*

•

•

.1 29

*

30

ASSET - REST OF THE WORLD

37

.1
.1

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




203

. 1 34
.1 35

MISCELLANEOUS

MISCELLANEOUS

TA&SE 34. MISCELLANEOUS FINANCIAL TRANSACT IONS(CONTINUEDJ

IN BILLIONS OF DOLLARS
34S.

SAAR

1952
3

1

2

.2
.4
.3-

.4.5.3
.3

9
2
2
I
4

1.0
.2
.2
.1
.5

SEASONALLY ADJUSTED
4

TOT .

SAAR

ANNUAL RATES

1953
3

1

2

.8
.4
.3
.1-

.8.4.4.1-

.1
•
.1
*

9
2
2
1
5

8
1
2
,1
5

4

TOT.

<C) FLOATS

1
2
3
4

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK OEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED

.4
. 1.6
.1

*
•

1.0
.3
.2
•
.5

.1
.3
.2
♦
.5

1.0
.2
.2
.1
.5

.2
.5
.6.2-

1
1

.4
.3
.2

.1
.1
•
*

I
2
3
4

(0) OTHER

5
6
7
8
9
10
11

12
13

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT

UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS 9
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED

1.0
.2
.2
•
.5

7

.8

1
1
4

.16
.2
7
.18
.5
9

*

5

3.2-

1

2

2

2-

2-

.1 10

.3

7

,1

2

2-

1-

.2 ll

UNIDENTIFIED ITEMS FOR REST OF THE WORLD 11
ASSET - REST OF THE WORLD
LIABILITY - UNALLOCATED
LIABILITY - REST OF THE WORLD
ASSET
UNALLOCATED

4'

4

»

4

4

.2

.1

1.2

.3-

12

2-

1-

.4-

.2-13

.5-

.6-

. 1-

•

.7
.2.1
. 1-

.8-

.3
.1.1*
•
.1

.1.4*
. 1*
•
.4

.2 15
.2--16
- 17
•
18
»
19
* 20
.1 21

.2
.1

.7
.1

.2.1

♦

(E) SUMMARY ON DISCREPANCIES
14

TOTAL DISCREPANCY (

15
16
17
18
19
20
21

UNALLOCATED LIABILITIES
COML. BANKS
REST OF THE WORLD
U.S. GOVT. INTEREST ACCR.
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
DEP. AT BANKS IN U.S. POSS.
FLOATS

22
23

LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS
REST OF THE WORLD




)

3.6

.7

*
.2

.7
.4
*
.2•
•
.4-

3.2.)

.1
.4-

.3
•
•
.2♦

204

.3

.1.1

.2
.4

»

»

.1•
•
.2

.2•

1.1

.2•
•
.4

.3
.2
.2•
•
.1

.2•
•
•
•
•
.8

.2
.4

.8»

.2.3-

»
♦

14

.1 22
23

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS

IN BILLIONS OF DOLLARS

34S.

SEASONALLY ADJUSTED

ANNUAL RATES

1955

1954
3

TOT.

1

I. BY SECTOR 1

TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLD

.9
.1
.7
.6
1.0.3
.4

3.3
.1
.3
.6
1.2

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

1.5
.4
*
.1
.7
.4—
.2
.5
.1-

1.7
.4

17

DISCREPANCY

.6-

1.6

1
2
3
4
5
6
7

II.

»

1.2

«

.1
.7
♦

.4
.3
.2-

2.5
.1
.4
.6
.4.4
1.4

2.5
.1
•
.6
. 1.6
1.3

2.3
.1
.3
.6
.1.3
1.1

2.6
.1
.5
.6
.4
•
.9

1.9
.2
.1.7
.3.3
1.1

1.2
.1
.2.8
.8.1
1.2

3.9
.2
.2.8
1.2
.3
1.6

2.4
.2
•
.7
.2
.2
1.2

1.5
.4
•
.1
.5
.2.2
.3
.2

2.8
.4
•
.1
.9
.1
.7
.1
.4

1.9
.4
•
.1
.7
.1.4
.3
.1

1.8
.4
.2
.6
.2.2
•
.6

2.2
.5
.2
.6
.4
.1•
.7

1.4
.5
•
.2
.8
•
.5.2.5

2.4
.5
.1
.2
.8
.2
.1
.1
.4

2.0 8
.5 9
•
10
.2 11
.7 12
.1 13
.1-■14
•
15
.6 16

.3-

.4

.8

.3-

.2-

1.5

.4 17

.3
.2

.4
•
.2
.2

.3.1-

.3.3*
*

.3•
.3. 1-

.1-•18
. 1--19
- 20
»
21

.1
•
.2

.1-

.3
.2.4
.1

.3
•
.3
*

.2
*
.2
*

1.0

»

1
2
3
4
5
6
7

BY TYPE

(A) DEPOSITS
18
19
20
21

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
UNALLOCATED INTEREST ACCRUALS 10
OTHER UNALLOCATED

.6
.5
.1
*

.2
.2
.1
.1-

.3
.2
.1.1

. 1.1
. 1*

»

22
23
24
25

FOREIGN CURRENCY EXCEPT OFFICIAL
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

.2•
.2*

.2
•
.1
.1

.4
*
.3
.1

.1
. 1.1
.1

.1
*
.1
.1

26

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

.2

•

.3

.6

.3

•

.2

.1

.2

.1 26

27

DEP. AT BANKS IN U.S. POSS. AND TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

•

*

.1

.1

«

.1

•

»

•

•

*

.1.1
»

»

.2-

22
23
24
25

27

(B) EQUITIES

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS U
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

.7 28
.2 29

COML. BANK CLAIMS ON FGN. BRANCHES
LIABILITY - REST OF THE WORLD
COML.

BANK LIABILITY TO FGN. BRANCHES

ASSET - REST OF THE WORLD

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION
LIABILITY - MONETARY AUTHORITIES

5

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WORLD

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)

.1
.I

UNALLOCATED

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




205

.1 34
. 1 35
•
36

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANC IAL TRANSACT IONS I CONTINUED)

IN BILLIONS OF DOLLARS

SAAR

34S.

SEASONALLY ADJUSTED

2

1954
3

1.3
.9
.4
.1

.4.1.3.1

.9—
.7.2•

.6
•
.1
•
.4

.6
*
.1
•
.4

.2

.3

.3

•

1

4

TOT.

ANNUAL RATES
1955
3

1

2

.2•
.2•

.2
.2
.3.2-

.5
.5
•
•

.9.5.3.1

.6
.1
.1
•
.4

.6
•
.1
•
.4

.6
•
.2
.4

.7
•
.2
•
.5

•

.5

.3

.3

.5

.8

.4

.4

SAAR
4

TOT.

<C) FLOATS

I
2
3
4

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED

.8.3.6.1-

1.2
.4
.4
.4-

.3
.2
•
.1-•

1
2
3
4

.8
.1
.2
•
.5

.8
.1
.2
.1
.5

.7
.1
.2
•
.5

5
6
7
8
9

.1-

.4-

.1

•

10

.9-

.2

.2

»

11

(D) OTHER
5
6
7
8
9

10
11

12

13

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
nonfarm NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT

UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED

.6
•
.1
•
.4

9

UNIDENTIFIED ITEMS FOR REST OF THE WORLD 11
ASSET - REST OF THE WORLD
LIABILITY - UNALLOCATED
LIABILITY - REST OF THE WORLD
ASSET
UNALLOCATED

.1-

.3-

.4-

.3-

.2-

.5

.1

.2

•

.2 12

.3

.5

.2

.2

.5

.1

.3

.5

.3 13

1.0

.3-

.4

.8

.3-

.2-

1.5

.4 14

.8
.2
.1-

.4
.2
•
•

«

»

•
.2-

.9.1
•
.2•
•
.5

.2
.3
•
*
•
*
.9-

.2
.5
.3.1•
•
1.2

•
.3
•
•

.1
.9-

.4
.5
.2
.2
•
.1
.2

.5
.3-

.3
.2-

.3
.5

.1.1

.4.2

.1
•

IE) SUMMARY ON DISCREPANCIES

14

TOTAL DISCREPANCY I

.6-

1.6

15
16
17
18
19
20
21

UNALLOCATED LIABILITIES
COML. BANKS
REST OF THE WORLD
U.S. GOVT. INTEREST ACCR.
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
DEP. AT BANKS IN U.S. POSS.
FLOATS

.3
•
.1
•
•
•
.8-

.3
.1
.1•
1.3

.5
.5
. 1.1
•
.1
.4-

22
23

LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS
REST OF THE WORLD

.2
.1-

.3
.3-

•
.4-




)

206

15
16
17
18
19
«
20
.3 21
22
.2 23

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS

IN BILLIONS OF DOLLARS
34S.
1

2

SEASONALLY AOJUSTEO

1956
3

4

TOT.

1

ANNUAL RATES

2

1957
3

4

TOT.

I. BY SECTOR 1

TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLD

5.6
.2
1.2
.8
1.3
.5
1.7

1.6
.2
.5.8
.9.4
1.6

10.0
.2
1.7
.7
2.8
.8
3.8

6.2
•
-7
1.8
.4
3.3

5.8
.2
.6
.7
1.2
.5
2.6

3.6
.1
.5.8
.1.2
3.1

7.1
.2
.7
1.0
.4
.2
4.7

4.6
•
.21.1
1.1
.2
2.4

4.3
.3
1.6
1.2
.2.5
.9

4.9
.1
.4
1.0
.3
.3
2.8

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
commercial BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

4.0
.4
.1
.2
1.4
.2
.3
.2
1.2

2.0
.3
.1
.1
1.4
.2.6
.2*

7.2
.2
.1
.1
2.8
1.3
.5
.3
2.0

6.9
.1

5.0
.2
.1
.1
2.2
1.1
.4
.1
.9

3.7
.2
.1
.l
2.4
.7
.1
.2.2

6.9
.3
.1
.2
4.0
1.5
.5
•
.5

5.0
.4
.1
.2
2.2
1.8
.5

4.5
.5
.1
.2
1.4
.2
1.4
.4
.4

5.0
.3
.1
.2
2.5
1.0
.6

17

DISCREPANCY

1.7

.4-

2.7

.7-

.8

.1-

.3

.5-

18
19
20
21

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
UNALLOCATED INTEREST ACCRUALS 10
OTHER UNALLOCATED

1.0
.1
1.0
*

.7.3.3*

1.6
.2
1.3

. 1•
. 1-

.5
•
.5

.6.2.6-

.6
.1.4

.3•
.2-

22
23
24
25

FOREIGN CURRENCY EXCEPT OFFICIAL
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

.2
.1.3
*

*
*
.1
.1-

.9
.2

.4
.1
.6
.3-

1
2
3
4
5
6
7

II.

«

.1
3. 1
2.9
.2
.1
.3

»

.3-

1
2
3
4
5
6
7

8
9
10
11
12
13
14
»
15
.2 16
.2-■17

BY TYPE

(A) DEPOSITS

26

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

.5

.3

27

DEP. AT BANKS IN U.S. POSS. AND TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

•

.1

28

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS U
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

1.3

1.1

.2

.2

*

•

1.4
.3
.6

.3 18
•
19
.1 20

.4
*
.5
*

1.1
.2
.9

1.1
.11.2

2.6

1.9

1.8

3.6

•

.2

.1

.2

*

•

.1-

•

.2-

.3-31

.7
•
.7
*

22
23
24
25

(B) EQUITIES

29

30
31

COML. BANK CLAIMS ON
LIABILITY - REST OF
COML. BANK LIABILITY
ASSET - REST OF THE

FGN. BRANCHES
THE WORLD
TO FGN. BRANCHES
WORLD

32

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION 5
LIABILITY - MONETARY AUTHORITIES

33

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WORLD

34
35
36

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY- U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

37

.2

1.8

.2

.7-

.4-

.1-

.3-

.3

1.0

.1
.1

.1
.1

.1
.1
*

.1
.1
*

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




2.4

207

.1
.1

1.0

.3

2.1 28

.1 29
30

.1 34
.1 35
* 36

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONSICONTINUED)

IN BILLIONS OF DOLLARS
34S.

SAAR
1

2

SEASONALLY ADJUSTED

1956
3

4

1.5
.6
1.2
.2

• 6—
.3.8.5-

.1
.1
•
.1-

.5
.21.3
.5

.7
.5
.1
•
.1

.7
.3
.1
.1
.2

8
5
1
1
2

.4

.4

.3

.5

TOT.

2

1

SAAR

ANNUAL RATES
1957
3

TOT.

4

(C> FLOATS

1
2
3
4

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED

.5
.8
.1
.4

1.1.9—
.5.4-

.8
.2
.2
.1
.4

.8
.3
.1
.1
.3

,7
,4
1
,1
,2
3

.3.3
.5.1

.7.3.5.1-

1.1.1
.6.6

.4•
.1.3

1
2
3
4

(0) OTHER
5
6
7
8
9
10

11

12
13

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT
UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS 9
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED
UNIDENTIFIED ITEMS FOR REST OF THE WORLD U
ASSET - REST OF THE WORLO
LIABILITY - UNALLOCATED
LIABILITY - REST OF THE WORLD
ASSET
UNALLOCATED

.3

.6

.6

1.1

1.0
.4
.2
.1
.3

1.1
.4
.2
.1
.4

1.2
.4
.2
.1
.5

1.0
.4
.2
.1
.3

5
6
7
8
9

.5

6

.6

.4 10

2-

.9

1.0

8

.6 11

.1

.3

.1

2

.2

.2

4

.7

.1

.5

,2

.3

.3

2

.1-

1.7

.4-

.6
.1
1.0
•
•
•
.5

1.1
.5
.3-

3 12
13

(E) SUMMARY ON DISCREPANCIES
14

TOTAL DISCREPANCY (

15
16
17
18
19
20
21

UNALLOCATED LIABILITIES
COML. BANKS
REST OF THE WORLD
U.S. GOVT. INTEREST ACCR.
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
OEP. AT BANKS IN U.S. POSS.
FLOATS

22
23

LESS - UNALLOCATED ASSETS
commercial BANKS
REST OF THE WORLD




)

.3
.3

»

•
.1
l.l.6
.1

208

2.7

.7-

.8

.1-

.3

.2
1.3
.1
•
.1
1.5

.3
.3
. 1•
•
.1
• 6—

.5
.3
.5
•
•
.1
.1

.2.2
.6.2
•
.1
.5

.4
.2

.4
.2

.1
.4

.3
.2

.5-

.3-

.2-14

.9
.1.4
.4
•
.1
.3-

1.0
.1.2.1•
.1
.7-

.8
•
.6
.4.1
.1
1.1-

.6 15
•
16
.1 17
•
18
•
19
.1 20
.4-■21

.5
.7

.6
.1

•6
•

.4 22
.3 23

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS

IN BILLIONS OF DOLLARS

34S.

SEASONALLY ADJUSTED

1

2

1958
3

TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLD

2.0
.1
.2
1.1
1.2.4
1.4

5.6
•
.5
.9
1.3
.6
2.2

2.3
•
.5.8
.8
.31.7

2.2
.1
.1
.7
.1
.6
.6

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATEBUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

3.9
.4
.1
.2
1.4
.7
.21.2
.2

3.8
.3
•
.2
1.6
.7
.5.4
1.2

2.5
.2
•
.1
1.7
.6
.4
.4.1-

.7
.1
•
.1
1.5
.8.1
.2•

17

DISCREPANCY

1.9-

1.8

18
19
20
21

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
UNALLOCATED INTEREST ACCRUALS 10
OTHER UNALLOCATED

.2
1.2
.2•

22
23
24
25

FOREIGN CURRENCY EXCEPT OFFICIAL
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

.5
.2
.4
.1-

4

TOT.

ANNUAL RATES
1959
3

4

TOT.

1

2

3.0
•
.1
.9
.3
.3
1.5

4.5
.1
.4.8
2.4
.3
1.4

9.1
.2
.4
1.0
5.6
.62.4

4.6
.1
.1
1.3
.6
.4
2.1

2.7
•
.4
1.4
.8.1
1.6

5.2
.1
.1
1.1
1.9
.1
1.9

2.7
.3
•
.1
1.5
.3
.1.3
.3

3.8
.2
•
.1
2.0
.5.9
.31.4

6.2
.3
.1
.2
1.9
1.8
1.7
.1.5

5.6
.4
.1
.2
1.8
.6
1.4
.11.2

3.2
.5
.1
.2
1.9
.4.3
. 1.6

4.7
.4
.1
.2
1.9
.4
1.1
.1.9

.3

.7

2.9

1.0-

.5-

.5

.2
.2-

* 18
.2-19
.2 20
- 21

I. BY SECTOR 1

1
2

3
4
5
6
7

.2-

1.6

(A) DEPOSITS

26

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

.3

27

DEP. AT BANKS IN U.S. POSS. AND TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

.1

28

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS U
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

.2
.2-

.4

.5. 1.3-

.3
.1.5

.3

.3

.2.2

.7
.1.6
.1

.4

.1
.1

.3
*
.3
•

22
23
24
25

(B) EQUITIES

29
30

31

COML. BANK CLAIMS ON
LIABILITY - REST OF
COML. BANK LIABILITY
ASSET - REST OF THE

FGN. BRANCHES
THE WORLD
TO FGN. BRANCHES
WORLD

32

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION 5
LIABILITY - MONETARY AUTHORITIES

33

U.S. GOVT. EQUITY IN IBRD»ETC. 6
LIABILITY - REST OF THE WORLD

34
35
36

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

37

1.2

1.4

1.5

1.3

.1

.1

.1

.2

.1

.1 29

•

.1-

.1

.1

*

.3

.7

.2-

.2 31

30

.3

.1
.1
*

.1
.1

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




1.4 28

.8

209

.1
.1

.1
.1

.2
.1
.1

.2
.1
.1

.1
.1

.1 34
.1 35
* 36

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TkAN SACTIONS!CONTI NUED )

IN BILLIONS OF DOLLARS

SAAR

34S.

1

2

1958
3

SEASONALLY ADJUSTED

4

TOT.

1

SAAR

ANNUAL RATES

2

1959
3

4

TOT.

(C) FLOATS

1
2
3
4

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED

2.21.6—
1.2.6-

.7
.2
.6
.2

.9
.8

1.1
.4
.2
.1
.4

.9
.4
.2
•
.3

.8
.4
.1

.71.2.3
.3-

l.l
.9
.7
.5

.1
.1
*
*

.9
1.2
.7.4-

2.7
.7
1.8
.3-

.9
.4
.1

.2

.7
.5
.1
•
.1

.3

.8
.5
.1
*
.2

1.0
.5
.2
.1
.3

1.3
.6
.2
.1
.4

1.4
.6
.2
.1
.5

.3

»

.1-

.1»

.3
.4

.7
.2
.4
.2-•

1
2
3
4

(D) OTHER

5
6
7
8
9
10

11

12
13

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPURATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT

UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED

»

»

1.1
.6
.2
.1
.4

5
6
7
8
9

9

UNIDENTIFIED ITEMS FOR REST OF THE WORLD 11
ASSET - REST OF THE WORLD
LIABILITY - UNALLOCATED
LIABILITY - REST OF THE WORLD
ASSET
UNALLOCATED

.6

.7-

.4

.4

.1

.1

1.2

1.5

1.2

.1

.2

.2

1.4

1.6

.9

.3-

1.1 10
.9 11

.5-

.2

.6

.1

.1

.4

.9

.9

.2-

.5 12

.1

.3

.2-

. 1-

*

*

.5

.1

.2

.2 13

1.9-

1.8

.2-

.3

.7

2.9

1.0-

.5-

.5 14

.4
.1
.2•

.3
.1
.1
*
.1
.7

.1
.2.3.1
.1
.9

.2

1.6
.5
.4
.1
•
2.7

.9
.1
.2
*
.1. 1-

.3.2
.4
•
. 1. 7-

.9
.2
.2
-

.7.2

.4
.6

1.5
.9

(E) SUMMARY ON DISCREPANCIES
14

TOTAL DISCREPANCY <

15
16
17
18
19
20
21

UNALLOCATED LIABILITIES
COML. BANKS
REST OF THE WORLD
U.S. GOVT. INTEREST ACCR.
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
DEP. AT BANKS IN U.S. POSS.
FLOATS

22
23

LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS
REST OF THE WORLD




)

«

.1
2.2-

.6
.5-

210

1.6

.1
l.l

•
.1
.1

1.4
*
.2.1
•
.9

.1
.1

.1
.1

1.2
.4

.2
. 1.4
. 1»

»
♦

1.2
.9

.3
.2-

15
16
17
18
#
19
#
20
.7 21

1.1 22
.5 23

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS F INANC IAL

TRANSACTIONS

IN BIL LIONS OF DOLLARS

SAAR

34S.

SEASONALLY ADJUSTED

1

2

I960
3

TDTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLD

9.1
.2
.2
1.3
4. 1
1.0
2.3

7.1
.2
.6
1.1
1.6
1.3
2.4

5.2
.2
1.1
.8
.4.3
3.2

5.6
•
.2
.6
.8
•
4. 1

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

5.0
.5
.1
.2
1.9
.1.7
•
1.7

5.4
.3
.1
.2

5.2
.2
•
.1
2.3
*
1.7
.8
.1

17

DISCREPANCY

4.2

1.7

ANNUAL RATES

SAAR

1

2

1961
3

6.7
.1
.5
.9
1.5
.6
3.0

5.1
.1
1.0
.6
.4
.1
3.0

5.0
.1
.1
.7
1.2
.8
2.0

9.3
»
1 .2.9
5.0
2.7
1.8

4.2
.1
1.4
1.0
.7. 12.4

5.9
.1
.3
.8
1.5
.9
2.3

I
2
3
4
5
6
7

2.7
. 1
. 1
2.7
. 11.3
.6
1.9—

4.6
.3
»
.1
2.2
.1
.8
.5
.6

3.1
.1
*
.1
2.5
.2.6
.6
.7-

6.7
.2
♦
.2
1.5
.9
1.4
.2
2.1

6.2
.4
.1
.2
2. 1
1.2
.8.3
2.8

3.8
.5
.1
.2
1.7
1.11.8
.4
.2

5.0
.3
.1
.2
2.0
.2
.8
.4
1.1

8
9
10
11
12
13
14
15
16

2.9

2.2

2.0

1.7-

3.1

4

TOT.

4

TOT.

I. BY SECTUR I
1
2
3
4
5
6
7

II.

1.7
.6
.4.5
2.4

«

.3

.9 17

1.3.1
1.5-

1.3
.3
1.0

.2 18
.2 19
. 1-20
21

.3
•
.1.1

.7
.2
•
.4

.3
.1
*
.1

.2-

.8 26

BY TYPE

(A) DEPOSITS

18
19
20
21

DEPOSITS WITH U.S. GOVT. 2
LIA8ILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
UNALLOCATED INTEREST ACCRUALS 10
OTHER UNALLOCATED

22
23
24
25

FOREIGN CURRENCY EXCEPT OFFICIAL
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

.3
.1.4
.1-

26

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

27

DEP. AT BANKS IN U.S. POSS. AND TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

28

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS U
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

(B)

29
30

31

.2.2

1.0

.4
.4

.9
.7
.3

.5
.5-

.3
.3
*

.8
.5
.4

.1
. 1-

.6
.1
.5

.6
.2
.3
.1

.4
.2.5
.1

.5
•
.4
*

.1
.1
»
. 1-

.1
*
.1
.1

1.2

.1

.2-

.5

.1-

.7

2.6

.1

.2

. 1

.2

.2

.1

1.8

1.3

*

. 1

.1 29

.1 27

EQUITIES

COML. BANK CLAIMS ON
LIABILITY - REST OF
COML. BANK LIABILITY
ASSET - REST OF THE

FGN. BRANCHES
THE WORLD
TO FGN. BRANCHES
WORLD

1.5

1.1

1.7

2.5

1.7

2.1

1.2

.2

.2

.2

*

.1

.1

. 1

*

*

*

.1

*

*

-

•

.5

.4-

.4

.2

.6

•

.5-

.1 31

.6-

.4-

.2-

.8

1.3

1. 1-

.2 32

.1

-

-

-

-

-

.2
. 1
. 1

.2
.2
*

.2
. 1
*

.1
.1
*

.1
. 1
. 1

.2 34
.1 35
*
36

.1

.5

1. 1

32

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION
LIABILITY - MONETARY AUTHORITIES

.5-

.2-

.3-

33

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WURLD

-

.3

-

34
35
36

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

.2
.2
*

.2

.1
.1
*

37

22
23
24
25

30

5

.1
.1

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.




1.6 28

.2
. 1
. 1

-

211

33

37

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACT IONS(CONTINUEDJ

IN BILLIONS OF DOLLARS
34S.

SAAR

1

2

SEASONALLY ADJUSTED

I960
3

4

TOT.

SAAR

ANNUAL RATES

1

2

1961
3

.2
.4
.1
.4

•
•
.3.3-

3.0
1.4
1.4
.2-

4

TOT.

<C> FLOATS

1
2
3
4

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED

2.6
.3
2.2
.1-

.9.7
1.4.2

2.0.71.7.4-

.2
.1
*
.2-

1.3
.6
.2
.1
.5

1.1
.5
.2
.1
.3

>8
.5
1
►
2

.6
.4
.1
.1

1.6

1.2

1.4

1.7

•
.1
.2. 1-

.4
1.0
.9.4-

.9
1
.7
2
.1
3
.1- 4

ID) OTHER
5
6
7
8
9
10

11

12
13

nonlife INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT
UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED

.9
.5
.1
•
.3

.6
.4
.1
•
.1

.7
.3
.2
•
.2

.9
.3
.2
.1
.4

1.0
.2
.2
.1
.5

8
3
2
1
3

7

5

1.4

l.l-

1.3

6 10

1.5

1

.7

.5

3 11

5
6
7
8
9

9

UNIDENTIFIED ITEMS FOR REST OF THE WORLD 11
ASSET - REST OF THE WORLD
LIABILITY - UNALLOCATED
LIABILITY - REST OF THE WORLD
ASSET
UNALLOCATED

.6
1.5

.4-

1.6

2-

.1

8-

1.3-

.5-

.9-

.7

.1

.8

.2 12

.5

9

1.2

.7

.7

.6

.2-

.4

.4 13

2.9

2.2

2.0

1.7-

1.5
.7
*
.1
.1
•

.1
.7
.4
*
.2
.2

.2.6
.1•
.2
*

(E) SUMMARY ON DISCREPANCIES

14

TOTAL DISCREPANCY (

15
16
17
18
19
20
21

UNALLOCATED LIABILITIES
COML. BANKS
REST OF THE WORLD
U.S. GOVT. INTEREST ACCR.
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
DEP. AT BANKS IN U.S. POSS.
FLOATS

22
23

LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS
REST OF THE WORLD




)

4.2

1.7

*

1.5
.5
.2
•
•
2.6

1.6
.3
*
.1

1.4
.9
.3
-

♦

.9-

.1
2.0-

1.7
1.2
.5.1
.2
.2

.4.2-

1.6
.8-

1.2
1.3-

.6
.1

212

»

.7
.5-

.5
.9-

1.4
.7

.3

.9 14

.7
.21.5•
.1
3.0

.5
.4
1.0
.1
.1
.4

.3 15
.4 16
. 1--17
18
»
19
.1 20
.9 21

l.l.1

1.3
.8

.6 22
.2 23

3.1

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONS
IN BILLIONS OF DOLLARS
SAAR

34S.

1962
3

SEASONALLY ADJUSTED
4

1

2

TOTAL LIABILITIES
CORPORATE BUSINESS
FEDERAL GOVERNMENT
NONLIFE INSURANCE COMPANIES
COMMERCIAL BANKING
FINANCE N.E.C.
REST OF THE WORLO

.1
.2
L.7
.9
3.51.22.0

2.8
.3
1.8.8
.7
.2
2.6

4.3

2.8

#

»

1.5
.6
.1.73.0

.6.4
2.5
1. 1
.6-

8
9
10
11
12
13
14
15
16

TOTAL ASSETS
CONSUMER AND NONPROFIT ORGS.
FARM BUSINESS
NONFARM NONCORPORATE BUSINESS
CORPORATE BUSINESS
FEDERAL GOVERNMENT
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
REST OF THE WORLD

•
.5
.2
1.3
.6—
1.2.3.2

4.5
.3
.1
.2
1.9
*
1.6

5.7
•

.6

1.2.1
*
.1
2.4
1.22.1.1.5-

17

DISCREPANCY

1.7-

1.9
.22.4
.4 —
.2—
*
.2
.3-

TOT.

1

SAAR

ANNUAL RATES
2

1963
3

4

TOT.

I. BY SECTOR 1
1
2
3
4
5
6
7

2.5
.1
.2
.7
.1.21.7

1
2
3
4
5
6
7

.1
1.9
.53.5
.7
•

2.3
.2
•
.1
1.9
.6.4
.1
.1

8
9
10
11
12
13
14
15
16

5.4

2.9-

.2

17

2.0.11.8*

1.4
.21.6

.7.6
1.3-

.2
•
.2
. 1-

18
19
20
21

•
.3.3
*

.7
.5
.2
.1-

1.4. 1.2.3

.2•
.1
*

22
23
24
25

.2

.7-

1.0

.2-

26

*

*

*

*

*

27

1.0

1.9

1.6

1.7

1.6

28

.2

.3

•

*

•

.1

»

.1

»

30

.6

•

.3—

1.1-

.2-

31

.8-

.3-

1 .4-

. 3-

.7-

32

-

33

.1

»

II.

»

♦

BY TYPE"

(A) DEPOSITS
18
19
20
21

DEPOSITS WITH U.S. GOVT. 2
LIABILITY-U.S. GOVT.
ASSET - SVGS. INST. (FHLB DEP.)
UNALLOCATED INTEREST ACCRUALS 10
OTHER UNALLOCATED

22
23
24
25

FOREIGN CURRENCY EXCEPT OFFICIAL
LIABILITY - REST OF THE WORLD
ASSET - CORPORATE BUSINESS
U.S. GOVT. 3
COMMERCIAL BANKS

26

DEP. AT AGENCIES OF FGN. BANKS
LIABILITY - FINANCE N.E.C.
ASSET - REST OF THE WORLD

27

DEP. AT BANKS IN U.S. POSS. AND TERR.
LIABILITY - FINANCE N.E.C.
ASSET - UNALLOCATED

28

DIRECT INVESTMENT IN FGN. BRANCHES
BY U.S. CORPORATIONS U
LIABILITY - REST OF THE WORLD
BY FGN. BUSINESS IN U.S.
LIABILITY - CORP. BUSINESS

1.3-

(B) EQUITIES

29
30
31

COML. BANK CLAIMS ON
LIABILITY - REST OF
COML. BANK LIABILITY
ASSET - REST OF THE

FGN. BRANCHES
THE WORLD
TO FGN. BRANCHES
WORLD

29

32

U.S. GOVT. EQUITY IN
OFFICIAL FOREIGN EXCHANGE POSITION
LIABILITY - MONETARY AUTHORITIES

33

U.S. GOVT. EQUITY IN IBRD,ETC. 6
LIABILITY - REST OF THE WORLD

34
35
36

PVT. EQUITY IN U.S. GOVT. CORPORATIONS
LIABILITY - U.S. GOVT.
ASSET - SVGS. INST. (FHLB STOCK)
UNALLOCATED

.1.2•

.2
.1
.1

.1
.1
•

.1
.1
*

*

34
35
36

EXCHANGE STABILIZATION FUND STOCK
LIABILITY - MONETARY AUTHORITIES
ASSET - U.S. GOVT.

-

-

-

-

-

37

37




$

213

♦

MISCELLANEOUS

MISCELLANEOUS

TABLE 34. MISCELLANEOUS FINANCIAL TRANSACTIONSlCONTINUED)

IN BILLIONS OF DOLLARS

34S.

SAAR
2

1962
3

2.41.6.2.6

.2.7.2.7-

2.2
1.7
1.0
.5

.9
.2
.2
.5

.8
.3
.2
.1
.3

I

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

2

1963
3

4

TOT.

1C) FLOATS
1
2
3
4

IN COMMERCIAL BANK STATEMENT 7
LIABILITY - COMMERCIAL BANKS
ON INTERBANK DEPOSITS
ON INTERBANK LOANS
LESS - ON M.B. RESERVES
ASSET - UNALLOCATED

1.6
2.36.2
2.4

.3
.71.7
.7

1
2
3
4

.7
.3
.1

♦

.4
.3
.1
•

«

.1

*

.2

5
6
7
8
9

(0) OTHER
5
6
7
8
9

10
11

12
13

NONLIFE INSURANCE CLAIMS 8
LIABILITY - OTHER INSURANCE COMPANIES
ASSET - CORPORATE BUSINESS
NONFARM NONCORP. BUS.
FARM BUSINESS
CONSUMER AND NONPROFIT

UNIDENTIFIED ITEMS FOR COMMERCIAL BANKS
ASSET - COMMERCIAL BANKS
LIABILITY - UNALLOCATED
LIABILITY - COMMERCIAL BANKS
ASSET - UNALLOCATED

.6
.3
.1

9

UNIDENTIFIED ITEMS FOR REST OF THE WORLD 11
ASSET - REST OF THE WORLD
LIABILITY - UNALLOCATED
LIABILITY - REST OF THE WORLD
ASSET
UNALLOCATED

.8-

1.5

2.1-

4.5

.8

10

.9—

1.2

.6-

2.4

.5

11

.7

.1

.5

.1

.3

12

1.2

.7

.6

1.0-

.4

13

*

1.7-

5.4

2.9-

.2

14

1.2
.7
1.8*
.1
•
.2-

.6.6
1.6
-

2.4
1.0l.,3-

.5
.4
.2
. 1-

♦
»

»
»

2.2

1.6

15
16
17
18
19
20
21

1.5
.1

2.1.5

4.5
.1

(E) SUMMARY ON DISCREPANCIES
14

TOTAL DISCREPANCY (

15
16
17
18
19
20
21

UNALLOCATED LIABILITIES
COML. BANKS
REST OF THE WORLD
U.S. GOVT. INTEREST ACCR.
DEP. WITH U.S. GOVT.
EQ. IN GOVT. CORP.
DEP. AT BANKS IN U.S. POSS.
FLOATS

22
23

LESS - UNALLOCATED ASSETS
COMMERCIAL BANKS
REST OF THE WORLD




)

.91.2
2.4
.4•
*
2.4-

87

214

«
»

.3

22
23

DISCREPANCIES

DISCREPANCIES

TABLE 35.

DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS
IN BILLIONS OF DOLLARS

SAAR

35S.

1

2

1952
3

SEASONALLY ADJUSTED

4

TOT.

1

ANNUAL RATES
2

SAAR

1953
3

4

2.3
2.1
3.2
.8. 1.3

TOT

SECTORS -

TOTAL
CONSUMERS
CORPORATE BUSINESS
FEDERAL GOVT.
STATE ♦ LOCAL GOVTS.
REST OF WORLD

.7
.9
1.3
3.4
1.11.8-

FINANCIAL SECTORS 7 BANKING
8
MONETARY AUTHORITIES
9
COMMERCIAL BANKS

.5
.3
.3

.5.3
.8-

.4
.1
.4

1
2
3
4
5
6

.8
3.6
3.4.21.9
.3

3.7.81.0
3.0.6.3

1.44.22.3
.3.6
.7

.9. 1.3
•
.2
. 1-

1.02.0.2.4
.4
.3-

2. 13.7.5
2.8
.5.6

.41.7
.5
3.3•
.5

.5.3.2-

•
.1
. 1-

.9
.1
.9

1.1.11.0-

.6
.1
.6

10 NONBANK FINANCE

2.4-

.9-

l.l-

.1

1.1-

11
12
13

INSURANCE
NONLIFE
LIFE

2.1.31.8-

.2.2•!-

.9.2
1.1-

.9
.4
.5

.6»

14

FINANCE N.E.C.

.3-

.6-

.1-

.8-

.7

.8

.2. 1. 1-

.3.51.0
.2.1.3

1
2
3
4
5
6

.1
•
.1

7
8
9

.2-

.6-

.3-

2.3-

.8-10

.6-

•
*
*

.6.2.4-

.4—
.2.2-

1.7.51.2-

.7-11
.2-12
.5-13

.5-

.1-

.1

•

.6-

.2-14

TRANSACTIONS -

15 TOTAL

16 NONFINANCIAL
17 GOLO + TREAS. CURR.

DEMAND DEPOSITS
18
FEDERAL
19
OTHER

20 FEDERAL OBLIGATIONS
21 OTHER LOANS
22 TRADE CREDIT
23 MISCELLANEOUS

3.7-

1.4-

.9-

1.0-

2.1-

.4-

. 1-

.7-

2.0-

1.5-

1.3-

2.2-

1.2-

•

•

*

1.5

.9
3.1

3.3-

.3.5-

•
.72.3

*

*

»

.4
1.4

.2
1.3-

»

.3
*

1.4
.5-

1.6

.6
•

.4*

.2
*

.6
•

.3

1.63.6

3.4.7

2.6.3

1.5.1

2.31.2

SAAR

35S.
I

2.61. 1

SEASONALLY ADJUSTED

2

1954
3

4

TOT.

1

*

.4.7

2.3

1.3-

*

.3-15

1.5-16

.5
1.1-

.2 18
.1-19

.1
*

.5
•

.2 20
• 21

1.0
.6-

3.8
. 1-

.9 22
* 23

SAAR

ANNUAL RATES
2

17

*

1955
3

4

TOT.

SECTORS -

TOTAL
CONSUMERS
CORPORATE BUSINESS
FEDERAL GOVT.
STATE ♦ LOCAL GOVTS.
REST OF WORLD

3.01.7
1.5
1.9—
3.7.5-

.22.02.3
1.22.6
.7

3.61 .4—
2.3.2
1.2.7

11.52.63.5.2
1.6—
.3-

FINANCIAL SECTORS 7 BANKING
8
MONETARY AUTHORITIES
9
COMMERCIAL BANKS

.6
.2
.4

l.l.4—
.8-

1 .0
.21.1

2.6.2
2.8-

1
2
3
4
5
6

4.6—
.5.71.0.2

2.71.5
.4
2.3.3
. 1-

.5-

.6.3.3-

.5»

3.2.7
2.3.92.1.7
1.3
.1
1.3

.85.22.3
3.2
»

.2.6
.3
.4

4.8
3.67.4
.7
. 71.4

.8
. 1.9

.5—
1.62.0
.2
.6.5

1
2
3
4
5
6

.5
*
.6

7
8
9

.7-

1.6-

.6-

1.3-

1.0-

1.8-

.6-

1.6-

1.2-

1.3-10

1.3.11.1-

1.3.11.2-

•
.1.1

.3•
.4-

.7. 1.7-

.4.3
.7-

.2.2
.5-

.9.1
.9-

.2•
.2-

.4-11
.1 12
.6-13

.5

.2-

.6-

.9-

.3-

1.4-

.4-

.7-

1.0-

.9-14

15 TOTAL

3.0-

.2-

3.6-

11.5-

4.6-

2.7-

3.2-

.8-

4.8

16 NONFINANCIAL

1.9-

.9

1.6-

1.3-

1.0-

3.9-

.2-

1.3-

10 NONBANK FINANCE
11
12
13

INSURANCE
NONLIFE
LIFE

14

FINANCE N.E.C.
TRANSACTIONS -

17 GOLD + TREAS. CURR.

»

DEMAND DEPOSITS
18
FEDERAL
19
OTHER

.4.4-

1.1
1.2-

.3.3-

.64.6-

20 FEDERAL OBLIGATIONS
21 OTHER LOANS

.1*

.5•

•
.1-

.2
. 1-

22 TRADE CREDIT
23 MISCELLANEOUS

.4
.6-

2.01.6

2.21.0

4.8.3-




»

215

»

•

*
. 11.6-

*

2.1.4

*
.7
2.0

.1.61.2

.1*

.1
1.1

.41.6

.5-15
1.4-16

*

17

*
18
1.5 19

.1-

.1
. 1-

.1*

1.0
*

.2 20
• 21

2.1.8

3.4.3-

.3.2-

1.2
1.5

1.2-22
.4 23

DISCREPANCIES

DISCREPANCIES

TABLE 35.

DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS
IN BILLIONS OF DOLLARS

35S.

SAAR
1

2

1956
3

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES

2

1957
3

4

TOT.

SECTORS TOTAL
CONSUMERS
CORPORATE BUSINESS
FEDERAL GOVT.
STATE + LOCAL GOVTS.
REST OF WORLD

.6
4.77.3
.3• 6—
.6-

3.6
3.89.2
.2.9.5

2.1
.31.8
.5
.3
.4

FINANCIAL SECTORS 7 BANKING
8
MONETARY AUTHORITIES
9
COMMERCIAL BANKS

• 4—
1.0.6

.1
1.1
.9—

.2
.5
.3-

.4
•
.4

1
2
3
4
5
6

1.2.25.84.0
1.52.3

1.3
2.33. 1
1.0
.7.7

6.32.9.3.3.6.8

4.15.52.6
1.4.81.4

.1
.1
.1-

1.9.41.5-

.8
.1.9

.2-

1.3-

.7-

• 4—

.6-

l.l-

1.2-

11
12
13

INSURANCE
NONLIFE
LIFE

.1.3
.4-

.7.2
.9-

.1.2
.3-

.3
.1
.1

• 2—
.2
.4—

.4.4.1-

• 4—
.2.2-

14

FINANCE N.E.C.

*

.6-

.6-

.7-

.5-

.7-

10 NONBANK FINANCE

2.74.6.7
1.2
.1
.6
.2
•
.2
1.0-

1.45.0.9
l.l
1.8
.1

3.64.51.0
.2
.1
.7

1
2
3
4
5
6

•
.4
.4-

.2- 7
*
8
.2- 9

.3-

.9-10

.2
.3-

.4
.3
.1

.1-11
* 12
.1-13

.8-

.9-

.7-

.8-14

TRANSACTIONS -

15 TOTAL

.6

3.6

2.1

1.2-

1.3

6.2-

4.1-

2.7-

1.4-

3.6-15

16 NONFINANCIAL

.3

2.4

1.7

l.l

1.4

1.1-

.8-

.3-

.4-

.6-16

17 GOLD + TREAS. CURR.

*

DEMAND DEPOSITS
18
FEDERAL
19
OTHER
20 FEDERAL OBLIGATIONS
21 OTHER LOANS

22 TRADE CREDIT
23 MISCELLANEOUS

1.1
2.1.2♦

.11.7

.1-

. 1-

.1-

.1-

.1-

.1-

. 1-

.1-17

.91.5

♦

.3

.3
.5-

.1
.2-

.11.7-

.21.0-

•
1.2-

.3
1.9-

*
18
1.5- 19

1.1

•
•

.7
•

«

.1
.1-

.1
.1-

.2
.1-

1.2
. 1-

.4 20
.1-21

2.52.7

2.0.7-

3.2.1-

2.3.3

.6.5-

. 1.3-

1.6- 22
.2-23

.1-

«

.1
.4-

SAAR

35S.

1

2

1958
3

.4
1.1.8

SEASONALLY AOJUSTEO
4

TOT.

1

SAAR

ANNUAL RATES

2

1959
3

4

TOT.

SECTORS TOTAL
CONSUMERS
CORPORATE BUSINESS
FEDERAL GOVT.
STATE ♦ LOCAL GOVTS.
REST OF WORLD

3.74.55.6
3.1.4
.4

.6
2.5
2.5
1.1.7.3

FINANCIAL SECTORS 7 BANKING
MONETARY AUTHORITIES
8
9
COMMERCIAL BANKS

1.6.11.5-

.8.5.2-

1
2
3
4
5
6

5.010.9—
3.9
3.7
.5
.4
.2
.3
•

3.55.5—
4. 1
1.6
1.1.6

2.94.64.0
.3
.2.4

.8l.l.6
1.8
•
.1

.7
2.8.3
2.5
.8
1.1

1.53.16. 1
1.2.7—
.2-

.57.05.5
.71.11.3

.53.53.1
.6
.2.6

1
2
3
4
5
6

.7.2
.9-

.7•
.7—

.4.1.3-

1.4
1.3
.1

1.31.6—
.2

1.7
.9
.8

.4
.1
.2

7
8
9

.9—

2.1-

2.9-

2.5—

2.1-

1.7-

2.6-

1.1-

.2-

1.4-10

11
12
13

INSURANCE
NONLIFE
LIFE

.4.4
.8-

.6.1
.7-

1.4—
• 4—
1.0-

1.8—
• 4—
1.4-

1.0.1.9—

.9.5.5-

1.6.41.2-

.1.7.6

.5
.6
. 1-

.5-11
.2-12
.3-13

14

FINANCE N.E.C.

.5-

1.5-

1.5-

.7-

1.1-

.8-

1.0-

1.0-

.7-

.9-14

10 NONBANK FINANCE

TRANSACTIONS -

.6

5.0-

3.5-

2.9-

.8-

.7

16 NONFINANCIAL

.3

.9-

2.2

1.0

.6

.6

1.4

17 GOLD ♦ TREAS. CURR.

.1-

.1-

DEMANO DEPOSITS
18
FEDERAL
19
OTHER

.6
.7-

.6
1.0

20 FEDERAL OBLIGATIONS
21 OTHER LOANS

.1.1-

.5
•

•

1.51.9-

2.21.8

3.5.2-

15 TOTAL

22 TRADE CREDIT
23 MISCELLANEOUS




3.7-

216

.1-

.1-

.1-

.1-

1.22.2-

.1
.2-

•
.5-

.62.3

1.1
.3

1.3-

.2•

.1
*

.4
*

4.7-

3.0.3

3.8.7

5.22.9

*

1.6

.1-

1.5-

.5-

.5-15

2.9

1.5

*

•

*

.4
.7

.9.3

* 18
.9 19

.4
.1-

1.6
.1-

.6 20
.1-21

4.81.0-

2.4.5-

4.0-22
.5 23

1.6 16

17

DISCREPANCIES

DISCREPANCIES

TABLE 35.

DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS

IN BILLIONS OF DOLLARS

35S.

SAAR

1

2

1960
3

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES
2

1961
3

4

TOT.

SECTORS -

1
2
3
4
5
6

TOTAL
CONSUMERS
CORPORATE BUSINESS
FEDERAL GOVT.
STATE ♦ LOCAL GOVTS.
REST OF WORLD

FINANCIAL SECTORS 7 BANKING
8
MONETARY AUTHORITIES
9
COMMERCIAL BANKS
10 NONBANK FINANCE
11
12
13

INSURANCE
NONLIFE
LIFE

14

finance n.e.c.

2.6—
.54.2
.1
3.31.2-

.93.26.3
.8
1.3.2-

7.24.72.4
3.4
3.01.5-

3.46.76.2
4.13.5
.8-

.1.1

1.2.4
1.5-

1.5.1
1.6-

1.2
•
1.3

1.2-

2.1-

2.2-

2.3-

.5.2.3-

.6•
.6-

1.5.8.7-

1.0.5.5-

2.1-

.7-

1.5-

.7-

.9-

2.8
3.9
.32.7
2.9.1

l.l1.9—
7.2
2.3.6
.6-

1.22.32.1
2.0
.2l.i-

1.2
•
1.2

1.7.9—
.8-

1.2
.4
.8

.6.1
. 7-

1.8-

2.4-

2.9-

.6.2
.8-

.3•
.3-

.8•
.8-

1.3-

2.1-

.5.23.3
.6
1.5—
.7«

.62.5
.2
1.1
1.01.0-

3.03.03.8
.3
.5.9-

1
2
3
4
5
6

.6
.4.9

.2- 7
♦
8
.2-9

2.8-

2.9-

2.5-10

1.0-

1.0-

1.1.2
1.3-

1.2-11
.3-12
.9-13

1.3-

1.7-

1.7-

1.4-14

»

TRANSACTIONS -

15 TOTAL

2.8

1.1-

1.2-

2.6-

7.2-

3.4-

.6—

3.0-15

16 NONFINANCIAL

2.3

1.3

1.2

1.0

1.4

1.1

1.2

.7

.5-

.6 16

17 GOLD + TREAS. CURR.

•

*

•

»

•

•

*

.4-

.1

.1-17

DEMAND DEPOSITS
18
FEDERAL
19
OTHER

•
.3

.7
.3

.1
.5-

•
.2-

.2
.4

.9
.1-

2.61.0

1.5
2.8

•
18
1.0 19

20 FEDERAL OBLIGATIONS
21 OTHER LOANS

.5.1-

•
•

.9•

. 3»

.1•

1.7-

*

.1•

.3•

.5-20
• 21

2.21.7

3.6•

4.62.0

5.91.7-

5.13.1

4.5.3

5.0-22
.9 23

22 TRADE CREDIT
23 MISCELLANEOUS

3.34.2

1.0.7-

SAAR

35S.

1

2

5.22.9

.5-

3.62.2

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES

1962
3

4

6.5
9.3
2.1
.5
2.52.6-

8.3—
13.03.7
2.0
2.7
3.2-

4.0—
4.4—
2.6
.3
.5
1.4-

1
2
3
4
5
6

3.0
-3
2.7

1.7
1.4
.3

.4
.3
.1

7
8
9

TOT.

1

2

1963
3

4

TOT.

SECTORS TOTAL
CONSUMERS
CORPORATE BUSINESS
FEDERAL GOVT.
STATE ♦ LOCAL GOVTS.
REST OF WORLD

9.511.3.7
3.2
1.2
.9

4.62.64.2
4.5.9
.7-

FINANCIAL SECTORS 7 BANKING
8
MONETARY AUTHORITIES
9
COMMERCIAL BANKS

2.4•
2.4-

.5.4—
.1-

1
2
3
4
5
6

10 NONBANK FINANCE
11
12
13

INSURANCE
NONLIFE
LIFE

14

finance n.e.c.

1.9—

1.3-

3.2-

2. 1-

2.1-

10

2.0.71.3-

1.3.7.6-

2.3.51.8-

1.9—
.51.4—

1.9.6—
1.3-

11
12
13

.9-

.2-

.2-

14

.1

•

15 TOTAL

9.5-

4.6-

6.5

8.3-

4.0-

15

16 NONFINANCIAL

1.5-

2.1

3.4

2.3

1.6

16

•

•

17

TRANSACTIONS -

17 GOLD + TREAS. CURR.

DEMAND DEPOSITS
18
FEDERAL
19
OTHER
20 FEDERAL OBLIGATIONS
21 OTHER LOANS
22 TRADE CREDIT
23 MISCELLANEOUS




-

.1

.42.1-

.3
.7

.1.5

.2
•

.7•

.2•

5.31.7-

2.65.4

*

5.7•

217

.24.7»

•
2.92.9-

.11.4-

18
19

.2•

20
21

4.1.2

22
23

TOTAL BURRuWING

TOTAL BORROWING

TABLE 36.

TuTAL DEBT 6

IN BILLIONS OF OOLLARS
LEV ELS

36L.

CREDIT MARKET

ASSETS AND LIABILITIES

LEVtLS

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

363.0
255.2
4.9
102.9

357.7
232.3
8.0
117.5

373.7
225.2
12.1
136.4

387.1
219.6
13.4
154.2

402.9
221.9
13. 7
167.3

427.6
220.9
14.2
192.4

449.8
220.5
14.9
214.4

4 79.8
225.3
15.3
239.2

507.1
231.9
15.4
259.8

530.3
233.8
15.4
281.1

1
2
3
4

1.4
l.l
.4

2.6
2.1
.4

3.6
3.0
.5

4.7
4. 1
.6

5.6
5.1
.5

7.4
6.5
.9

8.0
7.1
.9

9.4
8.5
.9

11.1
10.1
I .0

II.3
10.4
1.0

5
6
7

364.4

360.3

377.3

391.9

408.5

435.0

45 7.8

489.2

518.2

541.6

8

8.8
4.9
3.9

4.5
2.2
2.3

3.4
1.8
1.5

3.6
1.5
2.0

4.4
1.8
2.5

5.4
2.5
2.9

5.0
2.4
2.6

5.7
2.6
3.1

6.5
3.0
3.4

INSTRUMENTS— 1

I
2
3
4

NUNFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6
7

FINANCIAL SECTORS 3
FINANCE COMPANIES
SAVINGS AND LOAN ASSOCIATIONS

0

TOTAL IN CREDIT MARKETS 1
othlr funds raised—

9
8.6
4.1 10
4.4 11

9
10
11

SECURITY DtBT
CUNSUMLRS
BROKERS AND DEALERS

12

TkADE DEBT 4

20.8

20.9

23.1

25.4

24.4

3 1.8

36.3

38.9

39.0

13
14
15
16

Insurance

53.0
6.5
2.5
44.0

58.5
8.0
2.9
47.6

6 3.7
9.4
3.1
51.2

69.0
10.5
3.6
54.9

74.8
11.6
4.4
58.8

81.3
12.7
5.2
6 3.5

88.0
13.6
6.0
68.5

95.7
14.6
6.9
74.2

103.5
15.2
8. 1
80.2

112.4 13
15.3 14
9.3 15
87.8 16

17
IB
19
20
21

DtPUSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
DEMAND OEPOSITS AND CURRENCY
1 I ME AND SAVINGS DEPUSITS
SAVINGS INSTITUTIONS

185.1
162.0
131.7
30.4
23.1

176.9
151.1
116.9
34.2
25.8

183.6
155.6
120.0
35.5
28.0

185. 7
155.7
119.5
36.2
30.0

188.6
156.1
119.5
36.6
32.5

197.7
162.8
125.9
36.9
34.9

209.3
171.2
132.5
38.7
38.1

223.6
180.5
138.8
41.7
43.2

232.8
183.9
138.7
45.1
48.9

247.8
192.1
143.1
48.9
55.7

22
23

MONETARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

.9
2.4

1.3
2.4

1.5
2.4

1.4
2.4

1.4
2.4

1.5
2.4

1.4
2.5

and pension reserves
FEDERAL GOVERNMENT
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTuR

24

25

MISCELLANEOUS
TOTAL FUNDS RAISED 5

•
2.3

.22.4

40.6

12

17
18
19
20
21

1.2 22
2.5 23

23.4

23.4

23.2

25.6

27.9

30.4

33.2

36.6

39.5

42 .4 24

657.8

646.6

677.6

704.8

732.4

785.5

833.5

893.7

943.4

997.1 25

1955

1956

1957

1958

1959

1960

1961

1962

565.8
233.7
15.6
316.5

593.0
227.9
16.6
34d.4

623.3
226.8
17.9
378.6

663. 1
235.4
19.4
408.3

713.9
244.0
19.9
450.0

747.3
241.9
21.8
483. 5

792.1
249.4
24.2
518.5

851.6
257.0
26.4
568.2

1
2
3
4

15.8
14.3
1.6

16.2
14.9
1.4

17.0
15.6
1.4

16.0
14.5
1.4

19.9
17.6
2.4

22.0
19.8
2.2

23.3
20.4
2.9

27. 1
23.4
3.6

5
6
7

581.6

609.2

640.2

679.0

733.9

769.2

815.4

878. 7

8

9.6
4.8
4.7

9.0
4.8
4.2

8.7
4.4
4. 3

10.4
5.5
4.8

10.5
5.5
4.9

10.9
5.4
5.4

13.1
6.7
6.3

13.9
6.6
7.2

9
10
11

36L.

LEVELS

ASSETS AND LIABILITIES

LEVtLS

CREDIT MARKET INSTRUMENTS— 1
1
2
3
4

NONFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6
7

FINANCIAL SECTORS 3
FINANCE COMPANIES
SAVINGS AND LOAN ASSOCIATIONS

8

TUTAL IN CREOIT MARKETS 1
OTHER FUNOS RAISED—

9
10
ll

SECURITY DEBT
CUNSUMLRS
BROKERS ANO DEALERS

12

TRADE DEBT 4

49.0

53.8

53.8

56.5

57. 7

58.5

61.3

62.8

12

13
14
15
16

INSURANCE AND PENSION RESERVES
FEDERAL GOVERNMENT
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR

122.0
15.9
10.6
95.5

131.6
17.0
12.1
102.6

140.3
17.6
13.7
109.0

153.2
18.5
15.6
119.1

165.8
19.5
17.2
129.0

176.9
20.5
19.0
137.3

193.3
21.5
22.0
149.8

203.2
22.6
24.5
156.0

13
14
15
16

17
18
19
20
21

DEPOSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
DEMAND DtPOSITS AND CURRENCY
TIME AND SAVINGS DEPUSITS
SAVINGS INSTITUTIONS

259.3
196.4
146.2
50.3
62.8

270.4
200.3
148.0
52.3
70.1

281.8
204.8
147.0
57.8
77.0

304.3
218.5
152.7
65.8
85.9

315.5
221.5
154.0
67.5
94.0

331. 1
227.6
154.3
73.3
103.5

357.9
242.9
160.2
82.7
115.0

390.0
261.7
163.7
98.0
128.3

17
18
•19
20
21

22
23

MUNEIARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

1.0
2.5

1.6
2.5

2.0
2.6

2.0
2.6

2.0
2.6

1.6
2.7

1.8
2.7

1.2
2.8

22
23

51.8

57.7

61.7

67.9

75.5

81.0

83.7

24

1426.3 1 526.6 1636.2

25

24
25

MISCELLANEOUS
TOTAL FUNDS RAISED 5

45.5

1070.6

1129.9 1187. 1 1269.8 1356.0
4

1Row 21 of matrix, p. ii.

Owed by nonfinancial domestic sectors only.
^Row 12 of matrix, page ii.

Lines 1 through 4 are lines 17, 20, 23, and 26 in Table 2,
Part II.
3Line 68 in Table 2, Part III.




^Excludes corporate stocks, to which no value is attributed

as a liability.

218

TOTAL BURRUWING

TOTAL BORROWING

TOTAL BORROWING

TABLE 36.

IN BILLIONS OF DOLLARS

36A.

ANNUALS

ANNUAL FLOWS

ANNUALS

1946

1947

1948

1949

1950

1951

1952

1953

1954

4.223.03. 1
15.7

17.1
7.04.1
20.1

14.1
5.61.3
18.4

17.1
2.3
. 3
14.6

25.8
1.0.2
26.6

24. 5
.4.6
24.3

32.5
4.8
.5
27.2

28.9
6.6
.1
22.2

25.3
1.9
.4
23.0

1.2
.2
.9
.1
*

1.3
.2
1. 1
. 1
*

2.1
.3
1.4
.4
. 1

1.1
.4
.6
•
.1

2.1
.6
1.3
.1
. 1

2.2
.4
1.6
. 1
. 1

18.3

15.4

18.3

28.0

25.6

34.6

31 . 1

.8
.3
.5

1. 1
.7
.4

.6
.2
.4

.9
.5
.4

2.1 11
1.1 12
1.0 13

1.8

FUNDS RAISED IN CREDIT MARKETS — 1

1
2
3
4

NONFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6
7
8
9

FINANCIAL SECTORS 3
INVESTMENT COMPANIES
FINANCE COMPANIES
SAVINGS AND LOAN ASSOCIATIONS
COMMERCIAL BANKS

1.4
.2
1.1
.1
.1

TOTAL IN CREDIT MARKETS 1

2.8-

10

1.2
.3
1.0
. 1•

.9
.5
.3
. 1-•
.2
26.3

1
2
3
4
5
6
7
8
9

10

UTHLR FUNDS RAISED—
11
12
13

SECURITY DEBT
CONSUMERS
BROKERS AND DEALERS

4.32.71.6-

1.2.4.8-

.2
.3.5

.4.2. 3-

14

TRADE DEBT 4

.1

2.2

2. 3

1.0-

7.4

4.5

1.7

. 1

15

NET EQUITY IN UNINCORPORATED BUSINESS

1.5

.9

4. 7

1.0

3.5

2.5

1.5

l.l

.5-■15

16
17
18
19

INSURANCE AND PENSION RESERVES
FEDERAL GOVERNMENT
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR

5.8
1.5
.4
3.9

5.8
1.4
.2
4.2

5.8
1.0
.5
4. 3

6.6
l.l
.8
4.6

6.7
1. 1
.7
4.9

7.2
.9
.8
5.5

7.7
1.0
.9
5.8

7.o
.6
1.2
6.0

7.9 16
. 1 17
1.3 18
6.5 19

20
21
22
23
24

DEPOSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
DEMAND DEPOSITS AND CURRENCY
TIME AND SAVINGS DEPOSITS
SAVINGS INSTITUTIONS

8.211.014.83.8
2.7

6.7
4.5
3.1
1.4
2.2

2. 1
.1
. 5.6
1.9

2.9
.4
»
.5
2.5

9. 1
6.7
6.4
.3
2.4

11.6
8.4
6.7
1.7
3.2

14.4
9.3
6.2
3.1
5.1

9.2
3.4
*
3.4
5.8

25
26

MONETARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

.2.1

1.2
•

.4
*

•

*

*
*

27
28

MISCELLANEOUS
TOTAL FUNDS RAISED 5

.2
•

•

. 1*

15.0
8.2
4.4
3.8
6.8

14

20
21
22
23
24

.2- 25
26
*

.9-

.7

1.8

1.9

2.0

2.0

2.7

1.8

2.3 27

8.8-

34.7

32.6

30.5

57.9

53.0

63.4

51.8

54.8 28

1955

1956

1957

1958

1959

1960

1961

1962

37.8
*
.3
37.5

29.5
5.8l .0
34.3

32.8
1.21.4
32.6

42.9
8.6
2.3
32.0

53.2
8.7
.8
43.6

36.2
2.12.0
36.3

47.2
7.5
2.8
36.9

58.1
7.6
2.3
48.2

I
2
3
4

6.2
1.8
3.2
.9
. 1

3.4
1.5
2.2
.2.1

3.3
2.0
.7
.7
.2

5.6
1.9
3.0
.8
. 1

5
6
7
8
9

50.6

63.9

10

ANNUALS

ANNUAL FLOWS

36A.

ANNUALS

FUNDS RAISED IN CREDIT MARKETS — I
I
2
3
4

NONFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6
7
8
9

FINANCIAL SECTORS 3
INVESTMENT COMPANIES
FINANCE COMPANIES
SAVINGS ANU LOAN ASSOCIATIONS
COMMERCIAL BANKS

10

TOTAL IN CREDIT MARKETS 1

5.5
.9
3.9
.6
.1-

43.2

1.8
l.l
.6
.2.3
31.3

2.3
1.2
.8
»
.3
35. 1

.5
1.6
1.1. 1
.1

43.5

59.3

. 3.4.1

1.7
1.2
.6

.1
•
•

*

2.7

39.9

OTHER FUNDS RAISED—
11
12
13

SECURITY DEBT
CONSUMERS
BROKERS AND DEALERS

1.0
.7
.3

»

9.0

4.8

14

TRAOL DEBT 4

15

NLT EQUITY IN UNINCORPORATED BUSINESS

16
17
18
19

INSURANCE AND PENSION RESERVES
FEDERAL GOVERNMENT
STATE AND LOCAL GOVERNMENTS
insurance SECTOR

20
21
22
23
24

DEPOSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
DEMAND DEPOSITS AND CURRENCY
TIME AND SAVINGS DEPOSITS
SAVINGS INSTITUTIONS

25
26

MONETARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

27

28

MISCELLANEOUS

TOTAL FUNDS RAISED 5




*

.6-

.6-

.5-

8.7
.6
1.3
6.8

9.6
I .0
1.5
7.1

11.5
4.4
3.0
1.3
7.1

11.1
3.9
1.8
2.1
7.3

.1•

.6
*

.2

.6-

.4
. 1.5

2.2
1.3
.9

1.7

.8

2.8

3. 1-

1.4-

.2

.8
. 1.9

1.5

2.6-

11
12
13

14

15

9.3
.6
1.6
7.0

10.6
.9
1.9
7.8

11.5
1.0
1.6
8.8

10.9
1.0
1.8
8. 1

12.6
1.0
3.0
8.7

12. 7
1.1
2.5
9.0

16
17
18
19

11.4
4.5
1.05.5
6.9

22.5
13.6
5.6
8.0
8.9

10.9
2.5
1.4
1. 1
8.4

15.6
6.1
.3
5.8
9.5

26.8
15.3
5.9
9.4
11.5

32.1
18.8
3.5
15.3
13.3

20
21
22
23
24

•
*

•
•

.4
•

.4*

.3
. 1

.6*

25
26

2.4

5.8

4.9

3.0

5.2

6.7

5.9

2.5

27

75.8

62.1

61.0

83.5

85.2

72.6

101.4

110.3

28

219

TOTAL

TOTAL BORROWING

BURKUWING

TOTAL BORROWING

TABLE 36.

IN BILLIONS OF DULLARS

36S.

SAA1

I
FUNOS RAISED IN CREDIT MARKETS —

NONFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6

FINANCIAL SECTORS 3
INVESTMENT COMPANIES
FINANCE COMPANIES
SAVINGS AND LOAN ASSOCIATIONS
COMMERCIAL BANKS

I
8
9

10

TuTAL IN CREDIT MARKETS

SEASONALLY ADJUSTED

4

TOT.

32.0
4.7
.627.9

32.6
4.8
.5
27.3

30.9
4.9
.1
25.9

I

ANNUAL RATES

2

1953
3

SAAR

4

IOT.

38.6
15.8
.3
22.5

18.7
.7
.5
17.5

28.9
6.6
.1
22.2

1
2
3
4

I

37.1
8.9
1.0
27.2

1
2
3
4

2

1952
3

I

.6
.6
.2.2
.2

31.3
4.5
1.2
25.5
2.1
.7
1.4
.1.2

30.0
1.0
.4
28.6

27.3
5.0
.622.9

1.8
.6
l.l
♦
.1

3.8
.5
3.0
.1
. 1

2.1
.6
1.3
. 1
.1

3. 1
.5
2.2
.1
.1

2.7
.6
2.0
.1
.1

2.6
.4
2.0
. 1
.1

.5
.3
.2
.1
. 1

2.2
.4
1.6
.1
.1

5
6
7
8
9

31.8

35.7

34. t

33.8

30.1

41.3

19.3

31.1

10

37.8

33.4

.9
.1
.8

2.1
.2
1.9

2.0.5
2.5-

1.-5
»
1.4

.6
.2
.4

.9
.8
. 1

OTHER FUNOS RAISED—
11
12
13

SECURITY DEBT
CONSUMERS
BROKERS AND DEALERS

.1
.6
.5-

1.6
.11.7

.8
.5
.3

1.9-

1 . 3-

.9 11
.5 12
.4 13

14

TRADE DEBT 4

1.3

5.1-

5.8

4.9

1.7

1.5

2.2

15

NET EQUITY IN UNINCORPORATED BUSINESS

2.3

2.2

1.2

.5

1.5

1.6

.9

1.2

.6

16
17
18
19

INSURANCE ANO PENSION RESERVES
FEDERAL GOVERNMENT
STATE ANO LOCAL GOVERNMENTS
INSURANCE SECTOR

7.8
1.0
.9
5.9

7.0
.9
.9
5.2

9.0
1.5
1.0
6.5

7.2
. 7
1.0
5.5

7.7
1.0
.9
5.8

7.8
.8
1. 1
6.0

7.9
.6
1.1
6. 1

7.2
.4
1.2
5.6

8.2
.6
1.2
6.3

7.8 16
.6 I 7
1.2 13
6.0 19

20
21
22
23
24

DEPOSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
DEMAND DEPOSITS AND CURRENCY
TIME ANO SAVINGS DEPOSITS
SAVINGS INSTITUTIONS

18.5
14.0
ll.O
3.0
4.4

14.4
9.7
7.3
2.4
4.7

11.1
2.5
2.9
5.7

12.6
7.2
3.2
3.9
5.4

14. 1
9.1
6.0
3. 1
5.1

9.9
4.4
1.9
2.4
5.6

2.6
3.36.73.4
5.9

19.3
13.3
10.4
3.0
5.9

4.8
.85.84.9
5. 7

9.2
3.4
•
3.4
5.8

25
26

MONETARY CLAIMS
FOREIGN EXCHANGE
TRtASURY CURRENCY

*

*

*

*

.2.1

.1
♦

. 3—
*

27
28

MISCELLANEOUS
TOTAL FUNDS RAISED 5

.2
•I

.1•

5.4

.1

14

l.l

15

20
21
22
23
24

.1-■25
26
*

5.9

3.3

1.9

2.8

3.5

2.8

1.8

2. 1

.8

1.9 27

74.6

57.3

58.9

65.2

64.0

58.4

45.4

70. 7

32.9

51.9 28

36S.

SAAR

L

2

1954
3

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES
1955
3

4

TOT.

1

20.0
4.4.3
24.1

36.8
6.8
.9
29. 1

25.3
1.9
.4
23.0

32.9
2.2. 135.2

41.1
3.9
.7
36.5

1.0
.5
.4
.2.3

2.3
.8
.8
.3
.3

4.2
.7
3.4
.5
.6-

7.1
.8
5. 1
.9
.2

6.0
1.0
3.9
.9
*

4.6
1.0
3.3
. 1
.2

48.2

40.2

47.6

1.0
.7
.3

.6
.3
.3

1.0 11
.7 12
.3 13

9.0

10.7

8.4 14

2

4

TOT.

FUNDS RAISED IN CREDIT MARKETS — 1
1
2
3
4

NONFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6
7
8
9

FINANCIAL SECTORS 3
INVESTMENT COMPANIES
FINANCE COMPANIES
SAVINGS AND LOAN ASSOCIATIONS
COMMERCIAL BANKS

10

TOTAL IN CREDIT MARKETS 1

20.8
2.8
.5
17.5

.2
.4
•
. 1.1

23.7
2.4
•
21.3
.3
.4
*
.2.1

.9
.5
.3
. 1.2

21.2

24.0

21.1

39.0

26.4

36.9

.3
.1
.1

3.1
.9
2.2

3.0
1.5
1.4

2.2
1.8
.3

2.2
1.1
1.0

2.7
1.4
1.3

.9

3. 7

1.6

9.6

34.3
3.0.5
36.8

43. 1
I. 1
.2
41.3

37.9
•
.3
37.6
5.5
.9
3.9
.6
. 1--

4 3.2

1
2
3
4
5
6
7
8
9

10

UTHtR FUNDS RAISED-

11
12
13

SECURITY DEBT
CONSUMERS
BROKERS AND DEALERS

14

TRADE DEBT 4

2.0

.2-

15

NET EQUITY IN UNINCORPORATED BUSINESS

1.3-

16
17
18
19

insurance and pension reserves

8.1
.5
1.2
6.3

8.3
.3
1.3
6.8

20
21
22
23
24

DEPOSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
DEMAND DEPOSITS AND CURRENCY
TIME AND SAVINGS DEPOSITS
SAVINGS INSTITUTIONS

12.7
6.1
1.7
4.4
6.5

16.7
10.2
5.7
4.5
6.5

25
26

MONETARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

27

28

FEDERAL GOVERNMENT
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR

MISCELLANEOUS
TOTAL FUNDS RAISED 5




.2.1

*

.1*

.1
6.8
.51.3
6.1

12.3
5.3
1.3
4.0
7.0

»5♦

.3.4
.7-

4.3

•

15

8.3
.2
1.3
6.8

7.9
.1
1.3
6.5

8.2
. 1
1.3
6.9

8.5
.5
1.3
6.7

9.1
.9
1.3
6.9

9.0
.9
1.3
6.8

8.7
.6
1.3
6.8

16
17
18
19

18, 3
11.2
8.9
2.3
7. 1

15.0
8.2
4.4
3.8
6.8

11.3
4.2
3.0
1.2
7.1

12.2
5.4
4.3
1.1
6.8

9.0
1.8
.2
1.6
7.1

13.5
6.2
4. 7
1.5
7.3

11.5
4.4
3.1
1.3
7.1

20
21
22
23
24

.9-

•
•

.5-

.2«

.4

.2*

1. 1-

.5-

.1•

1.0

.3-

. 1--25
26
♦

.9

3.3

2.5

2.5

2.3

2.6

1.9

1,2

3.9

2.4 27

43.9

55.3

46.2

73.1

54.6

71.6

73.6

68.9

86.0

75.0 28

220

TOTAL BORROWING

TOTAL BURROWING

1 ABLE 36.

TUTAL BORROWING

IN BILLIONS OF DOLLARS
36S.

SAAR

FUNDS RAISLD IN CREOIT MARKETS —
1
2
3
4

NONFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FORE IGN
PRIVATE DOMESTIC

5
6
7
8
9

FINANCIAL SECTOR^ 3
INVESTMENT COMPANIlS
finance COMPANIES
SAVINGS AND LOAN ASSOCIATIONS
COMMERCIAL BANKS

10

1956
3

SEASONALLY ADJUSTED

4

TOT.

1

s;aAR

ANNUAL RATES

2

1

2

35.6
2.7.9
37.5

23.9
11.61.3
34.3

26.5
7.91.0
33.4

32.2
.9.9
32.2

29.6
5.81.0
34.4

47. 1
8.2
1.5
37.4

21.8
13.51.0
34.4

1.2
l.l
.2
.3.3

1.1
1.2
.2
.3.1

1.7
1.1
.5
.2.4

1.8
1.1
.6
.2.3

2.6
1.2
.7
.4
.2

2.3
1.4
1.0
.1.1

1957
3

4

TOT.

24.2
5.52.3
27.4

32.9
1.11.4
32.6

I
2
3
4

2.3
1.2
.8
*
.3

5
6
7
8
9

35.1

1C

I

TUTAL IN CREDIT MARKETS 1

3.1
1.1
1.5
.1
.3
38.7

25.0

27.7

34.0

31.3

49.6

24.2

38.3
6.1
.8
31.4

3.0
1.2
1.3
. 1.6
41.3

1.2
l.l
•
. 1.3

25.5

OTHLR FUNDS RAISED—
11
12
13

.6
.2
.4

SECURITY DEBT
CONSUMERS
BROKERS AND DEALERS

14

l.RADL DEBT 4

4.0

15

NET EQUITY IN UNINCORPORATED BUSINESS

1.6-

16
17
18
19

INSURANCE AND PENSIUN RESERVES
FEDERAL GOVERNMENT
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR

8.3
.7
1.4
6.2

20
21
22
23
24

DEPOSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
UEMAND DEPOSITS AND CURRENCY
I I ME AND SAVINGS DEPOSITS
SAVINGS INSTITUTIONS

25
26

MONETARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

27
28

14.2
7.1
6.5
.7
7.1

»
*

MISCELLANEOUS
TOTAL FUNDS RAISED 5

1.9.51.47.6

.3
9.8
.9
1.4
7.5

8.8
1.5
l.l2.6
7.3

.3*

3.3

.8-

4. 3

.2-

.6•
.64.8

.5-

.6.7.1

•

1.6-

.2-

9.6
1.1
1.5
7.1

9.6
.5
1.6
7.5

6.7
.52.72.2
7.2

14.9
7.4
4. 7
2.8
7.5

11. 1
3.9
1.8
2.1
7.3

20.1
13.7
6.2
7.4
6.4

.3
*

2.2

»

.6

*

.4
.5
.1-

2.2

9. 2
.5
1.5
7. 1

11.2
2.1
1.5
7.6

. 1*

9.6
.7
1.6
7.3
3.9
3.27.13.8
/.I

.2
*

.8
.31.1

1.6l.l.4-

.3-■11
.4- 12
.1 13

.2

2.4-

*

1.1

1.4

.2

15

8.9
.2
1.7
7.0

9.1
1.0
1.7
6.3

9.3
.6
1.6
7.1

16
17
18
19

11.4
4.5
1.05.5
6.9

20
21
22
23
24

14.2
7.6
1.9
5.8
6.6

1.0
*

7.5
•
4.94.9
7.4

.3
•

14

.4 25
26
*

5.6

1.6

10.0

6.2

5.8

3.6

7.1

4.6

4.3

4.9 27

50.9

57.6

70.4

62.2

82.8

45.3

72.2

44.1

61.1 28

36S.

I
FUNDS RAISED IN CREDI1

.3. 1
. 3-

69.8

SAA t

2

1958
3

SEASONALLY ADJUSTED

4

TOT.

1

SAAR

ANNUAL RATES

2

1959
3

4

TOT.

39.9
2.1
. 138.0

53.2
8.7
.8
43.7

1
2
3
4

MARKETS — 1

36.3
6.6
2.5
27.2

1
2
3
4

NONFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6
7
8
9

FINANCIAL SECTORS 3
INVESTMENT COMPANIES
FINANCE COMPANIES
SAVIimGS AND LOAN ASSOCIATIONS
COMMERCIAL BANKS

10

.9.1
.9-

.21.3
.7.5.1

43.0
8.6
2.3
32.0

52.1
11.5

3.3

.5

1.7
1.0
.4
. 1

1.6
1. 1.1
. 1

6. 1
1.8
2.8
1.2
.2

6. 6
1.7
5.8
.9

68.8

43.2
15.3
2.3
25.7

28.0
6.52.4
32.1

64.4
19.2
2.1
43. 1

•
2.1
2.1
.2
*

1.21.2
2.7.2
*
26.8

.9
39.7

6.9

5. 1

1.9
4.0
1.0
-1

1.9
2.3
.6
.2

6.2
1.8
3.2
.9
. 1

5
6
7
8
9

65.5

44.9

59.4

10

.1
*
*

11
12
13

14

43.6

58.2

1.5
1.0
.5

1.8
1.2
.6

2.8
1.1
1.7

1.5.31.2-

2.6

2.7

4.9

2.2

4.6-

6.5

2.2

1.5-

3.6-

4.7-

2.5-

3.1- 15

43.5

SECURITY DEBT
CONSUMERS
BRUKERS AND DEALERS

4.0
1.9
2.1

6.2
1.9
4.3

4.7.14.6-

14

TRADE DEBT 4

4.2-

4.4

8.1

15

NET EQUITY IN UNINCORPORATED BUSINESS

.3-

.3

.2

16
17
18
19

INSURANCE AND PENSION RESERVES
FEDERAL GOVERNMENT
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR

10.6
1.2
1.8
7. 7

8.9
.5
1.9
6.5

11.3
1.2
1.9
8.2

11.5
.9
1.9
8.7

10.6
.9
1.9
7.8

11.5
.9
1.8
8.7

20
21
22
23
24

DEPOSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
DEMAND DEPOSITS AND CURRENCY
TIME AND SAVINGS DEPUSITS
SAVINGS INSTITUTIONS

29.2
20.4
7.2
13.2
8.8

35.4
26.9
16.5
10.5
8.5

.69.613.43.8
9.0

26. 1
16.8
12.3
4.5
9.3

22.5
13.6
5.6
8.0
8.9

15.5
7.1
4.8
2.3
8.4

25
26

MONETARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

.3
.1

.2
•

.2•

t

58.5
9.9
1.3
47.3

67.6

36.5

TOTAL IN CREDIT MARKEIS

62.3
11.3
1.3
49. 7

OTHER FUNDS RAISED11
12
13

27

28

MISCELLANEOUS

TOTAL FUNDS RAISED 5




2.7-

. 3•

.6-

#
•

.7*

12.2
.5
1.7
10.0

8.2
. 72.72.0
8.9

1.3
.1

• 6—
.3.3-

10.6
1.7
1.6
7.4

.4.4*

11.7
1.1
1.5
9.2

11.8
3.2
3.4
.38.7

8.1
.4
. 1.5
7.7

. 1*

.3. 1

11.5 16
1.0 17
1.6 18
8.8 19
10.9
2.5
I .4
1. 1
8.4

20
21
22
23
24

#

25
26

*

2.0

5.6

2.3

2.2

3.0

4.5

9.1

4.6

2.7

5.2 27

78.1

1U4.6

43.2

108.5

83.6

95.3

96.7

82.5

70.7

86.3 28

221

TOTAL BORROWING

TOTAL BORROWING

TABLE 36.

TOTAL BORROWING

IN BILLIONS OF DOLLARS
SAAR

36S.
1960
3

1

2

42.8
3.11.5
44.5

37.9
.92.0
36.8

30.9
3.62.0
32.5

5.5
1.8
4.3
.4.1

3.6
1.7
2.3
.1.2

1.6
1.4
.7
.4.1

SEASONALLY ADJUSTED
4

TOT.

1

SAAR

ANNUAL RATES
2

1961
3

4

TOT.

FUNDS RAISED IN CREDIT MARKETS — 1

1
2
3

NONFINANCIAL SECTORS 2
FEDERAL GOVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6
7
8
9

FINANCIAL SECTORS 3
INVESTMENT COMPANIES
FINANCE COMPANIES
SAVINGS ANO LOAN ASSOCIATIONS
COMMERCIAL BANKS

10

TOTAL IN CREDIT MARKETS 1

48.6

42.0

33.5
.62.5
31.6

2.9
1.3
1.5
.1
.1

32.7

36.6

36.3
2.12.0
36.4

42.6
7.9
.3
34.4

58.3
14.6
3.5
40. 1

53.8
5.7
4.3
43.8

47.2
7.5
2.8
36.9

1
2
3
4

2.4
1.7
.4
.4
.1

5.5
2.1
2.7
.9
*

5.5
2.7
1.3
l.l
.5

3.3
2.0
.7
.7
.2

5
6
7
8
9

34.2

45. 1

64.0

59.5

50.7 10

.4
. 1.5

1.9
1.6
.3

4.1
1.8
2.2

.8.4
1.2-

3.8
1.6
2.2

2.3 11
1.3 12
.9 13

2.8

1.7

5.6

2.8 14

.1

.7

1.0

3.4
1.5
2.2
.2.1
40.0

34.2
1.9
3.0
29.4

.11.5
1.7.2
.1

OTHER FUNDS RAISED—

II
12
13

StCURITY DEBT
CONSUMERS
BROKERS AND DEALERS

2.71.51.2-

•
.4.4

3.3
1.2
2.2

.9
.3
.6

1.1

3.6-

.8

1.0

1.0-

1.4-

1.2-

14

TRADt DEBT 4

5.1

.7

15

NET EQUITY IN UNINCORPORATED BUSINESS

3.7-

.7-

16
17
18
19

insurance and pension reserves
FEDERAL GOVERNMENT
STATE ANO LOCAL GOVERNMENTS
INSURANCE SECTOR

20
21
22
23
24

deposits at financial INSTITUTIONS
BANKING SYSTEM
DEMAND DEPOSITS AND CURRENCY
TIME AND SAVINGS DEPOSITS
SAVINGS INSTITUTIONS

25
26

MONETARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

27

28

MISCELLANEOUS

TOTAL FUNDS RAISED 5

11.3
1.1
1.5
8.6
5.5
2.62.2.48.1

.4.1

.1-

.2 15

11.1
1.5
1.7
7.9

11.4
.7
1.9
8.8

10.0
.7
2. 1
7.2

11.0
1.0
1.8
8.1

11.7
.7
2.5
8.5

12.4
1.5
2.9
8.0

12.6
.7
3.2
8.7

13.6
.9
3.3
9.4

12.6
1.0
3.0
8.7

16
17
18
19

12.2
3.5
1.24.7
8.7

22.9
12.7
3.3
9.4
10.2

21.7
10.8
1.2
9.6
10.9

15.6
6.1
.3
5.8
9.5

24.8
13.6

24.1
12.8
3.6
9.3
11.2

29.6
18.6
9.4
9.2
11.0

28.9
16.2
10.7
5.5
12.7

26.8
15.3
5.9
9.4
11.5

20
21
22
23
24

.6
.1

1.4
.1

.3»

.4*

.6.1

.4*

♦

13.6
11.2
«

*

1.0.1

.3 25
. 1 26

9.1

7.1

5.2

5.6

6. 7

5.1

5.0

9.3

4.2

5.9 27

72.8

72.1

76.1

69. 7

72.7

77.6

94.3

118.7

115.5

101.5 28

36S.

SAAR

I

2

1962
3

SEASONALLY ADJUSTED

SAAR

ANNUAL RATES
1963
3

4

4

TOT.

67.7
11.4
3.3
53.0

58.2
7.6
2.3
48.3

1
2
3
A

1

2

TOT.

FUNDS RAISED IN CREDIT MARKETS — 1
1
2
3
4

NONFINANCIAL SECTORS 2
FEDERAL GUVERNMENT
FOREIGN
PRIVATE DOMESTIC

5
6
7
8
9

FINANCIAL SECTORS 3
INVESTMENT COMPANIES
FINANCE COMPANIES
SAVINGS AND LOAN ASSOCIATIONS
COMMERCIAL BANKS

10

TOTAL IN CREDIT MARKETS 1

61.8
16.1
3.7
41.9

63.0
8.4
2.0
52.6

4.9
3.2
1.3
.3
.2

7.2
2.2
4.1
1.1
•

6.1
1.3
4.0
1.0
.1

4.4
.6
2. 7
.7
.1

5.6
1.9
3.0
.8
.1

5
6
7
8
9

66.8

70.4

46.6

72.0

63.9

10

1.1
1.5
1.6

4.4
1.7
2.7

40.1
5.6.2
45.5

OTHER FUNDS RAISED—

11
12
13

SECURITY DEBT
CONSUMERS
BROKERS AND DEALERS

.9
.61.5

5.33. 12.0.6-

.8
.1.9

8.6

2.2-

1.5

2.5-

3.5-

2.6-

11
12
13

14

14

TRADE DEBT 4

15

NET EQUITY IN UNINCORPORATED BUSINESS

16
17
18
19

INSURANCE AND PENSION RESERVES
FEDERAL GOVERNMENT
STATE AND LOCAL GOVERNMENTS
INSURANCE SECTOR

12.6
1.0
3.1
8.6

14.0
1.9
2.7
9.3

11.9
.6
2.3
9.0

12.5
1.1
2.0
9.4

12.8
l.l
2.5
9. 1

16
17
18
19

20
21
22
23
24

DEPOSITS AT FINANCIAL INSTITUTIONS
BANKING SYSTEM
DEMAND DEPOSITS AND CURRENCY
TIME AND SAVINGS DEPOSITS
SAVINGS INSTITUTIONS

35.0
22.3
.422.7
12.7

31.3
19.6
6.3
13.3
11.7

18.8
5.5
4.710.2
13.3

43.4
27.7
12.8
15.0
15.7

32.1
18.8
3.5
15.3
13.3

20
21
22
23
24

25
26

MONETARY CLAIMS
FOREIGN EXCHANGE
TREASURY CURRENCY

.5*

1.1
•

1.7*

27

28

MISCELLANEOUS
TOTAL FUNDS RAISED 5




.2

1.7-

2.8-

1.5*

.6»

15

25
26

.1

2.8

4.3

2.8

2.5

27

113.4

110.9

89.0

128.1

110.4

28

222