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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