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1974 SUPPLEMENT FLOW OF FUNDS ACCOUNTS 1965-1973 SEPTEMBER 1974 FLO W OF FUN DS — 1974 SUPPL EMEN T ANNUAL TOTAL FLOWS & YEAR-END ASSETS AND LIABILITIES BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1974 SUPPLEMENT FLOW OF FUNDS ACCOUNTS 1965-1973 SEPTEMBER 1974 FLO W OF FUN DS — 1974 SUPPL EMENT ANNUAL TOTAL FLOWS & YEAR-END ASSETS AND LIABILITIES BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM TABLE OF CONTENTS Flows Summary Tables: 1 2 2 3 Income and product distribution Funds raised in credit markets Private domestic net investment and borrow ing in credit markets Credit market supply of funds Sector Tables: 29 30 30 31 32 33 34 34 34 34 35 35 35 4 5 6 7 8 9 10 10 10 10 11 11 11 35 36 36 36 36 11 12 12 12 12 Households Total business and noncorporate business Corporate business Governments Monetary authorities Commercial banking subsectors Nonbank finance - summary Savings and loan associations Mutual savings banks Credit unions Life insurance companies Private pension funds State and local government employee retirement funds Other insurance companies Finance companies Real estate investment trusts Open-end investment companies Security brokers and dealers 37 13 Rest of the world Transactions Tables: 38 38 38 38 39 39 14 14 14 14 15 15 Gold and official foreign exchange Treasury currency and SDR certificates Insurance and pension funds Interbank claims Demand deposits and currency Time deposits and savings accounts -11- Page Outtandings Flows 40 42 42 42 16 17 17 17 U.S. Government securities State and local government securities Corporate and foreign bonds Corporate equities 43 43 43 43 43 18 18 18 18 18 Total mortgages Home mortgages Multi-family mortgages Commercial mortgages Farm mortgages 44 44 45 45 45 19 19 20 20 20 Consumer credit Bank loans n.e.c. Other loans Open-market paper Other types 46 46 46 47 48 21 21 21 22 23 Security credit Trade credit Profit taxes payable Miscellaneous financial claims — Part I Miscellaneous financial claims — Part II 49 24 24 Total claims Total funds raised and advanced in credit markets Credit market debt claims Total claims and their relation to total financial assets 25 Saving by individuals 26 Discrepancies 49 49 50 -111- 1974 Supplement Flow of Funds Accounts, 1965-1973 This set of tables replaces the third page of each table in the August 1973 publication, Flow of Funds Accounts, 1945-72. The tables incorporate national income account revisions for 1971-73 that were published in the July 1974 Survey of Current Business, and they reflect parallel financial revisions based on a variety of new benchmark information. The most important revisions stem from threeyear revisions in the SEC's data on corporate working capital, twoyear revisions in state and local government data benchmarked on Census annual surveys, balance of payments revisions published in the June 1974 Survey of Current Business, and several annual benchmarks for financial institutions. Most of the revisions extend back only to 1972 or 1971. A few series have been changed for various periods before 1965, but the revisions for those earlier years are all small, none as much as $1 billion in either flow or outstanding level. The principal changes before 1965 are a minor redistribution of bank loans among households, business, and rest of the world liabilities and a new series on corporate business net issues of equity securities. These revisions were not significant enough to justify a full reprinting of the 1945-64 tables, but users in need of them can get further information on request to this office. Data for 1959 are included in this set of tables partly to indicate the presence of such changes. As of now, a complete and consistent set of flow of funds data currently in print consists of: 1. Annual data Flow of Funds Accounts, 1945-72 (August 1973) [except for 1945-64 revisions mentioned above] 1974 Supplement—Flow of Funds, 1965-73 (September 1974) 2o Quarterly data Flow of Funds, Seasonally Adjusted--2nd Quarter 1974 (August 19, 1974) Flow of Funds, Unadjusted--2nd Quarter 1974 (August 19, 1974) (Continued on next page.) Keep the 1973 publication--it is in limited supply -IVThe quarterly data are published approximately six weeks after the close of each quarter and usually cover the most recent six or seven quarters. They are available on request, and a mailing list is maintained for continuing distribution. For longer spans of quarterly information, computer data tapes can be written providing a complete set of all available flow of funds tables. Alternatively, full quarterly tables can be printed on request for data of particular interest to a user, provided the request is restricted to a limited number of tables only. Address all requests for further information to the Flow of Funds and Savings Section, Room 3222, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, D.C., 20551. Tel.: (202) 452-3483. AUGUST 1974 INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT DISTRIBUTION 1 INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES AND GROSS SAVING ANNUAL FLOWS, 1959 ♦ 1965-73 ANNUAL FLOWS, 1959 + 1965-73 I I 1959 It 1965 1966 1967 196P 1969 1970 1971 1972 1973 1 483.649 684.884 749.857 793.927 864.202 930.286 977.078 1054.915 1157.999 1294.915 TOTAL GNP 1 2 3 5 6 408.211 311.206 44.306 43.346 53.659 569.844 432.839 66.308 70.108 66.897 623.147 466.334 70.752 79.040 77.773 672.1*'9 492.066 73.120 89.387 90.706 735.739 536.178 84.032 100.793 98.768 789.425 579.460 90.790 111.184 98.781 837.174 617.643 91.297 123.349 96.182 901.367 667.125 103.918 136.600 97.642 984.673 1081.595 729.018 805.221 130.310 118.442 150.794 169.816 106.558 104.861 CURRENT OUTLAYS HOUSEHOLDS OF WHICH CONSUMER DURABLES STATE ♦ LOCAL GOVERNMENT U. S. GOVERNMFNT 2 3 4 5 6 7 75.304 108.139 121.430 116.555 125.974 138.951 136.275 153.718 179.333 209.377 8 9 10 11 12 70.547 25.451 22.219 21.373 645 98.519 27.228 19.803 19.097 521 106.628 25.042 18.291 18.941 541 108.362 25.063 18.971 17.001 569 118.909 30.074 22.178 21.091 549 131.146 32.637 22.083 21.960 643 131.747 31.179 20.508 19.627 478 147.406 42.844 29.866 26.906 557 170.799 53.966 36.345 34.283 555 194.008 57.238 36~964 37.537 504 13 14 15 201 100 101 185 92 93 -1.191 -596 -595 1.401 701 700 538 269 269 -520 -260 -260 403 202 201 2.403 1.202 1.201 1.507 754 753 -1.077 -538 -539 16 17 18 19 3.232 1.615 1.617 0 7.425 5.490 1.935 0 6.751 5.060 1.691 0 6.092 4.540 1.552 0 7.896 5.943 1.835 118 10.554 7.269 3.171 114 10.671 7.471 3.117 83 12.978 9.051 3.793 134 17.621 12.330 4.920 371 20.274 14.185 5.848 241 MULTI-FAMILY UNITS NONCORPORATE BUSINESS CORPORATE BUSINESS REITS 16 17 18 19 20 21 22 23 24 25 45.096 2.590 3.729 6.946 1.028 30.803 71.291 4.145 4.850 8.628 1.321 52.347 81.586 4.504 5.421 9.067 1.544 61.050 83.299 4.514 6.011 9.288 1.613 61.673 88.835 4.535 5.673 9.848 2.300 66.479 98.509 5.089 5.899 10.571 2.912 74.038 100.568 5.254 6.345 10.635 3.269 75.065 104.562 5.574 6.425 11.479 3.977 77.107 116.833 6.046 7.128 12.203 4.369 87.087 136.770 6.285 9.454 12.923 4.789 103.319 NONRES. PLANT + EQUIPMENT NONPROFIT INST. (HH, FARM NONFARM NONCORP. BUS. FINANCIAL CORPORATIONS CORPORATE BUSINESS 20 21 22 23 24 25 26 27 28 29 30 4.757 -8 4.765 619 4.146 9.620 973 8.647 740 7.907 14.802 -159 14.961 588 14.373 8.193 737 7.456 204 7.252 7.065 117 6.948 525 6.423 7.805 103 7.702 981 6.721 4.528 222 4.306 -1.360 5.666 6.312 1.394 4.918 -143 5.061 8.534 735 7.799 -1.914 9.713 15.369 3.969 11.400 -1.481 12.881 31 32 33 134 23.476 23.342 6.901 39.196 32.295 5.280 43.360 38.080 5.213 46.203 40.990 2.489 50.623 48.134 1.910 55.502 53.592 3.629 62.918 59.289 -170 65.450 65.620 —6.007 72.419 78.426 3.943 100.350 96.407 NET EXPORTS EXPORTS IMPORTS 31 32 33 34 35 36 337.317 19.083 *'.657 473.240 28.432 6.007 511.852 32.527 6.354 546.341 40.366 7.388 590.997 39.758 6.727 634.386 38.212 6.023 691.699 56.201 8.125 746.431 60.498 8.104 802.501 52.594 6.553 903.712 74.348 8.226 DISPOSABLE PERSONAL. INCOME PERSONAL SAVING SAVING RATE (PER CENT, 34 35 36 37 38 -1.247 -813 1.231 962 -215 1.266 -12.377 -1.553 -6.484 -346 8.122 685 -11.901 1.758 —£1.875 3.359 -17.478 12.341 -5.627 9.156 FEDERAL GOVERNMENT SURPLUS S. + L. GOVERNMENT SURPLUS 37 38 39 40 41 42 43 52.141 33 1.809 7.111 43.188 77.787 150 3.270 8.694 65.673 84.224 168 3.252 9.738 71.066 79.814 50 3.605 10.016 66.143 87.636 145 3.966 11.288 72.237 84.904 115 4.478 12.413 67.898 74.041 11 4.691 13.605 55.734 83.618 101 4.851 15.555 63.111 99.195 321 5.226 17.628 76.020 44 45 46 47 23.679 44 2.909 20.726 31.326 85 3.700 27.541 34.281 81 4.199 30.001 33.177 57 4.824 28.296 39.858 77 5.811 33.970 40.060 90 6.360 33.610 34.789 77 7.207 27.505 37.549 95 7.769 29.685 41.542 114 8.163 33.265 49.788 211 9.049 40.528 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPORATIONS CORPORATE BUSINESS 44 45 46 47 48 49 50 51 52 12.580 13 831 865 10.871 19.808 67 1.505 1.422 16.814 20.797 59 1.439 1.156 18.143 21.385 46 1.510 1.005 18.824 23.552 52 1.496 1.203 20.801 24.331 50 2.028 1.563 20.690 24.680 29 2.360 2.338 19.953 24.991 54 2.869 1.897 20.171 27.346 76 3.145 2.021 22.104 29.582 76 3.649 2.219 23.638 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPORATIONS CORPORATE BUSINESS 48 49 50 51 52 53 54 55 56 57 58 59 60 15.882 -24 978 3.337 11.591 -465 978 12.104 26.653 -2 1.765 3.572 21.318 -1.717 1.765 21.366 29.146 28 1.813 4.383 22.922 -1.784 1.813 22.951 25.252 -53 2.095 4.187 19.023 -1.129 2.095 19.989 24.226 16 2.470 4.274 17.466 -3.335 2.470 16.601 20.513 -25 2.450 4.490 13.598 -5.125 2.450 10.923 14.572 -95 2.331 4.060 8.276 -4.801 2.331 5.806 21.078 -48 1.982 5.889 13.255 -4.927 1.982 10.310 30.307 131 2.081 7.444 20.651 -7.020 2.081 15.712 43.332 307 3.678 8.314 31.033 -17.579 3.678 17.132 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS CORPORATE BUSINESS + INVENTORY VAL. ADJ. + BRANCH PROFITS = NONFIN. CORPS., NET 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 41.377 4.900 789 4.121 8.056 23.511 534 107 22.870 59.764 7.143 1.193 4.779 10.243 36.406 978 202 35.226 63.948 7.422 1.283 5.052 10.678 39.513 1.081 230 38.202 68.893 7.844 1.380 5.469 11.242 42.958 1.217 278 41.463 74.503 8.302 1.482 5.953 11.921 46.845 1.488 253 45.104 81.563 8.684 1.591 6.237 13.122 51.929 1.818 321 49.790 87.254 8 .997 1.698 6.031 14.559 55.969 1.980 360 53.629 93.718 9.304 1.853 6.476 15.682 60.403 2.238 515 57.650 102.921 10.008 1.990 6.898 17.727 66.298 2.692 578 63.028 110.817 10.358 2.131 7.799 19.349 71.180 3.093 623 67.464 61 62 63 64 65 66 67 68 69 70 71 38.806 80.183 51.517 111.281 55.601 119.549 60.686 129.579 67.373 141.876 74.559 156.122 80.743 167.997 87.465 181.183 94.089 197.010 103.252 214.069 TOTAL CAPITAL CONSUMPTION OWNER-OCCUPIED HOMES (HH, NONPROFIT INSTITUTIONS (HH, FARM NONCORPORATE NONFARM NONCORP. BUSINESS TCTAL CORPORATE FINANCIAL BUSINESS CORPORATE FARMS CORPORATE BUSINESS MEMO: CAP. CONS. ON CONSUMER DURABLES NOT INCLUDED ABOVE TOT. CAP. CONS. INCL. DURABLES 72 -8 03 -3.119 -1.011 -654 -2.734 -6.054 -6.394 -2.323 -3.808 -4.959 STATISTICAL DISCREPANCY 72 73 74 45.413 12.049 40.271 12.182 40.702 12.834 41.567 13.187 45.481 14.214 47.182 15.518 46.986 14.424 44.905 13.611 41.879 15.068 40.576 14.343 PROFIT TAX RATE («, PEPSONAL TAX RATE (X, 73 74 4 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS GROSS DOMESTIC INVESTMENT PRIVATE FIXED INVESTMENT RESIDENTIAL CONSTRUCTION 1-4 FAMILY STRUCTURES HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM NONCORPORATE CORPORATE INVENTORIES FARM NONFARM NONCORPORATE CORPORATE CORPORATE PROFITS, TAXES ♦ DIVIDENDS: PROFITS - TOTAL 122.702 594 FARMS 7.337 FOREIGN 19.582 FINANCIAL CORPORATIONS 95.189 CORPORATE BUSINESS 7 8 9 10 11 12 13 14 15 26 27 28 29 30 39 40 41 42 43 70 71 AUGUST 1974 CRECIT MARKET SUMMARY CREDIT MARKET SUMMARY TCTAL FUNDS RAISEO TN CFEDIT MARKEIS BY NONFINANCIAL SECTORS ANNUAL FLOWS, ]959 + 1965-73 ANNUAL FLOWS, 1959 + 1969-73 II 1959 || 1966 1965 I. 1 2 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS EXCLUDING EQUITIES 3 U.S. GOVERNMENT 4 PUBLIC DEBT SECURITIES 5 AGENCY ISSUES + MORTGAGES 6 ALL OTHER NONFINANCIAL SECTORS 7 CORPORATE EQUITIES 8 DEBT INSTRUMENTS 1967 1968 1969 1970 1971 1972 1973 FUNDS RAISED, BY TYPE AND SECTOR 52.825 50.552 69.892 69.622 67.900 66.894 82.433 75.986 95.944 96 .958 91.829 87.956 98.233 92.471 147.402 135.940 169.394 158.884 187.365 180.149 1 2 7.0P9 7.^23 -334 1.768 1.301 467 3.633 2.340 1.293 13.005 8.913 4.092 13.398 10.319 3.079 -3.646 -1.277 -2.369 12.80? 12.886 -84 25.400 26.023 -423 17.317 13.919 3.398 9.714 7.739 1 .975 3 U 5 45.736 2.273 43.463 68.124 270 67.854 64.267 1.006 63.261 69.528 2.547 66.981 82.546 -4 82.550 95.475 3.8 73 91.602 85.431 5.76? 79.669 121.902 11.462 110.440 152 .077 10.510 141.567 177.651 7.220 170.431 6 7 8 9 10 11 12 13 14 15 16 DEBT CAPITAL INSTRUMENTS S. + L. GOVERNMENT SECS. CORPORATE ♦ FOREIGN BONDS MORTGAGES HOME MORTGAGES OTHER RESIDENTIAL COMMERCIAL FARM 28.31? 6.280 3.428 18.604 12.720 1.820 3.072 992 38.845 7.345 5.852 25.648 15.38? 3.618 4.415 2.233 38.901 5.647 10.959 22.296 1!.6®P 3.125 6.691 1.782 45.689 7.769 15.874 22.046 11.491 3.603 4.676 2.276 50.59? 9.516 13.977 27.099 15.055 3.371 6.431 2.242 50.609 9.924 13.003 27.682 15.656 4.739 5.345 1.942 57.605 11.246 20.630 25.729 12.*05 5.823 5.326 1.775 84.162 17.56] 19.747 46.854 26.0®l 8.772 9.980 2.011 94.851 14.379 13.213 67.259 39.630 10.268 14.781 2.580 97.050 13.709 10.150 73.191 43.344 8.417 17.047 4.383 9 10 11 12 13 14 15 16 17 18 19 20 21 OTHER PRIVATE CREDIT BANK LOANS N.E.C. CONSUMER CREDIT OPEN-MARKET PAPER OTHER 15.151 6.438 6.415 -386 2.684 29.009 14.070 5.615 -321 5.645 24.360 10.746 6.355 1.036 6.223 21.292 9.500 4.545 2.126 5.121 31.95e 13.127 9.987 1.621 7.223 40.993 15.266 10.376 3.334 12.017 22.064 6.355 6.017 3.765 5.927 26.278 9.313 11.231 -894 6.628 46.716 21.777 19.170 -1.565 7.334 73.381 38.626 22.922 1 .818 10.015 17 18 19 20 21 22 23 ?9 25 26 27 28 29 30 BY BORROWING SECTOR: DEBT INSTRUMENTS FOREIGN S. + L. GOVERNMENTS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 45.736 43.463 639 6.465 21.524 14.835 1.932 2.367 10.536 66.124 67.854 2.416 7.658 28.319 29.461 3.290 5.749 20.422 64.267 63.261 1.772 6.274 22.672 32.543 3.110 5.416 24.017 69.426 66.981 3.978 7.944 19.318 35.741 3.622 4.957 27.162 82.546 82.550 2.674 9.826 29.954 40.096 2.832 5.559 31.705 95.475 91.602 3.215 10.670 31.717 46.000 3.176 7.359 35.465 85.431 79.669 2.671 11.323 23.374 42.301 3.249 5.273 23.779 121.902 110.440 4.617 17.840 39.827 48.156 4.098 8.700 35.258 152.077 141.567 4.698 14.176 63-125 59.568 4.857 10.358 44.353 177.651 170.431 7.728 12.258 72.615 77.630 8.617 9.282 59.731 22 23 24 25 26 27 28 29 30 2.273 195 2.078 270 298 -28 1.006 -253 1 .269 2.447 50 2.397 -4 155 -159 3.873 467 3.406 5.762 68 5.694 11.462 27 11.435 10.510 -412 10.922 7.220 -200 7.420 31 32 33 834 16.913 12.614 2.714 29.433 20.394 1.519 33.802 25.276 4.028 38.138 29.559 2.829 39.937 31.546 3.682 49.406 38.871 2.739 47.995 39.473 4.644 59.591 46.793 4.286 70.490 55.275 7.528 85.050 67.151 34 35 36 37 MEMO: U.5. GOVT. CASH BALANCE 612 -1.011 TOTALS NET OF CHANGFS IN U.S. GOVT. CASH BALANCES— 38 TOTAL FUNOS RAISEO 52.213 70.903 39 2.779 BY U.S. GOVERNMENT 6.477 -399 1.164 -1 .135 401 2.754 3.194 -323 -1.675 37 68.299 4.032 81.269 11.841 97.079 14.533 91.426 -4.047 95.479 10.048 144.208 22.306 169.717 17.640 189.040 11.369 38 39 31 32 33 34 35 36 CORPORATE EQUITIES FOREIGN CORPORATE BUSINESS TOTALS INCLUDING EQUITIES FOREIGN NONFINANCIAL BUSINESS CORPORATF PPIVATF DOMESTIC NET INVESTMENT AND BORROWING IN CREDIT MARKETS 1 2 3 4 TOTAL, HOUSEHOLDS + BUSINESS TOTAL CAPITAL OUTLAYS (1) CAPITAL CONSUMPTION (2) NET PHYSICAL INVESTMENT 118.582 79.649 38.933 173.126 110.303 62.823 190.638 118.468 72.170 188.062 128.36? 59.700 207.588 140.388 67.200 226.715 154.304 72.4H 224.220 166.C17 58.203 253.525 178.®45 74.580 293.035 194.318 98.717 334.657 210.976 123.681 1 2 3 NET FUNDS RAISED EXCESS NET INVESTMENT (3) 38.437 496 57.752 5.071 56.474 15.696 57.456 2.244 69.891 -2.691 81.123 -8.71? 71.369 -13.166 99.418 —24.838 133.615 —34.898 157.665 -34.164 4 5G.313 35.154 15.159 83.576 50.450 33.126 96.441 54.162 42.279 93.427 58.452 34.975 97.930 63.231 34.699 1C8.876 69.470 39.406 108.042 74.579 33.463 117.127 80.323 36.804 134.264 88.231 46.033 160.525 95.235 65.290 6 7 8 14.835 2.078 -1 .754 29.461 -28 3.693 32.543 1.259 8.477 35.741 2.397 -3.163 40.096 -159 -5.238 46.000 3.406 -10.000 42.301 5.694 -14.532 48.156 11.435 -22.787 59.568 10.922 -24.457 77.630 7.420 -19.760 9 10 11 36.667 22.870 13.797 62.282 35.226 27.056 76.519 38.202 38.’17 71.377 41.46? 29.914 75.006 45.104 29.902 82.670 49.790 33.880 84.049 53.629 30.420 87.162 57.650 29.512 102.473 63.028 39.445 121.509 67.464 54.045 12 13 14 10.536 2.078 1.183 20.422 -26 6.662 24.017 1.2^9 13.041 27.162 2.397 355 31.705 -159 -1.644 35.465 3.406 -4.991 33.779 5.694 -9.053 35.358 11.435 -17.281 44.353 10.922 -15.830 59.731 7.420 -13.106 15 16 17 68.269 44.495 23.774 89.550 59.853 29.697 94.197 64.306 29.891 94.635 69.910 24.725 109.658 77.1r7 32.501 117.839 84.834 33.005 116.178 91.438 24.740 136.398 98.622 37.776 158.771 106.087 52.684 174.132 115.741 58.391 18 19 20 21 .524 2.250 28.319 1.378 22.672 7.219 19.318 5.407 29.954 2.547 31.717 1.288 23.374 1.366 39.827 -2.051 63.125 -10.441 72.815 -14.424 21 22 3.913 -915 98 7 1.735 -3.278 5.176 1.777 2.297 -1.133 8.796 1 .964 2.408 -1.214 7.889 1.940 3.208 -1.836 6.672 1.918 4.207 -2.796 5.855 2.222 2.993 -1.851 4.537 2.196 3.516 -6.567 5.222 2.504 3.210 -14.149 5.183 2.635 4.110 -17.029 4.136 2.746 4.277 23 24 25 26 TOTAL BUSINESS 6 TOTAL CAPITAL OUTLAYS 7 CAPITAL CONSUMPTION NFT PHYSICAL INVESTMENT 6 9 10 11 12 13 14 IF 16 17 18 1® 20 21 22 23 24 25 26 NET DEBT FUNDS RAISED CORPORATE EQUITY ISSUES EXCESS NET INVESTMENT (3, CCRPOPATF EUSINESS TOTAL capital outlays CAPITAL consumption NFT PHYSICAL INVFSTMEN'T NET DEBT FIJNDS RAISED CORPORATE EQUITY ISSUES EXCESS NET INVESTMENT (3) HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NFT FUNDS RAISED EXCESS NET INVESTMENT (3) OF WHICH: HOUSES LESS HOME MORTGAGES DURAELES LESS CONS. CREDIT NONPROFIT P+E LESS MORTGAGES LESS: UNALLOCATED DEBT (1) CAPITAL OUTLAYS ARE TOTALS FOR RESIDENTIAL AND NONRESIDENTIAL FIXED CAPITAL, NET CHANGE IN INVENTORIES, AND CONSUMER DURABLES, EXCEPT OUTLAYS BY FINANCIAL BUSINESS. 12) CAPITAL CONSUMPTION INCLUDES AMOUNTS FOF CONSUMFR DURABLES AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION. (3) EXCESS OF NET INVESTMENT OVER NET FUNDS RAISED. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS t> AUGUST 1974 CREDIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY CF FUNDS 3 DIRECT AND INDIRECT SOURCES OF FUNDS TC CREDIT MARKETS ANNUAL FLOWS, 1959 + 1965-73 I I 1959 || ANNUAL FLOWS, 1959 + 1965-73 1965 1966 1967 1968 1969 1970 1971 1972 1973 TOTAL FUNDS ADVANCED IN CREDIT MARKETS 180.145 TO NONFINANCIAL SECTORS 1 50.552 69.622 66.894 79.986 95.948 87.956 92.471 135.940 158.884 2 3 4 5 6 7.192 3.418 1.895 836 1.043 8.889 3.707 393 672 4.117 11.942 3.394 2.776 938 4.834 11.258 6.809 2.063 -2.549 4.935 12.192 3.381 2.811 873 5.127 15.686 697 4.632 4.030 6.327 28.114 15.876 5.725 1.326 5.187 41.684 33.822 5.656 -2.679 4.885 18.326 8.410 5.228 43 4.645 33.202 10.952 7.607 7.168 7.475 7 8 9 10 1.778 2.224 315 2.875 2.773 2.231 3.828 57 4.911 5.117 3.479 -1.565 4.552 -93 4.801 1.998 4.937 3.241 3.719 295 2.876 8.870 4.223 -283 2.833 10.030 4.981 10.270 3.236 3.167 8.866 26.415 2.622 7.030 271 8.403 2.962 20.255 9.227 738 11 2.274 2.114 4.825 -621 3.476 8.783 8 .234 3.844 6.182 19.589 BY PUBLIC AGENCIES + FOREIGN TOTAL NET ADVANCES U.S. GOVERNMENT SECURITIES RESIDENTIAL MORTGAGES FHLB ADVANCES TO S + L'S OTHER LCANS + SECURITIES BY AGENCY: U.S. GOVERNMENT SPONSORED CREDITAGENCIES MONETARY AUTHORITIES FOREIGN AGENCY BORROWING NOT INCLUDED IN LINE 1 2 3 4 5 6 7 8 9 10 11 PRIVATE DOMESTIC FUNDS ADVANCED 12 13 14 15 16 17 18 45.634 5.551 6.280 3.484 12.960 18.195 836 62.847 -49 7.345 5.999 18.626 31.598 672 59.777 5.359 5.647 10.339 11.984 27.386 938 68.107 5.705 7.769 16.002 12.968 23.114 -2.549 87.232 13.312 9.516 13.790 15.549 35.938 873 81.05? 4.804 9.924 12.467 15.682 42.206 4.030 72.591 5.235 11.246 19.959 12 .828 24.649 1.326 98.100 -4.406 17.561 19.475 29.135 33.656 -2.679 146.740 15.175 14.379 13.150 44.584 59.495 43 166.532 18.422 13.709 10.053 44.083 87.433 7.168 TCTAL NET ADVANCES U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE ♦ FOREIGN BONDS RESIDENTIAL MORTGAGES OTHER MORTGAGES + LOANS LESS: FHLB ADVANCES 12 13 14 15 16 17 IB PRIVATE FINANCIAL INTERMEDIATION 55.344 18.247 14.459 12.708 9.930 74.871 35.068 16.878 17.267 5.658 110.661 50.^92 41.417 13.332 5.320 153.359 70.543 49.264 17.722 15.830 158.843 86.600 35.081 22.132 15.030 CREDIT MARKET FUNDS ADVANCED BY PRIVATF FINANCIAL INSTS. COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE 19 20 21 22 23 8.451 55.344 2.561 18.769 74.871 63.164 -278 .10.661 90.348 9.244 153.359 97.531 20.330 158.843 84.875 31.598 SOURCES OF FUNDS PRIVATE DOMESTIC DEPOSITS CREDIT MARKET BORROWING 24 25 26 13.891 2.271 242 11.989 -611 20.961 2.603 -224 11.393 7.189 34.014 9.333 44 10.792 13.845 11.985 -8.455 2.884 13.126 4.430 10.969 -3.238 2.231 35.498 5.192 706 13.071 16.529 42.370 6.466 -1 .010 16.742 20.172 4.248 -1.404 -2.534 4.599 1.903 20.357 8.058 -233 4.651 5.796 -2.558 2.085 -9.028 -1.218 10.680 -4.407 1.415 -3.217 -13.956 1.684 44.476 17.012 8.694 6.616 10.161 1.995 52.080 16.729 48.346 33.855 3.516 17.454 12.885 5.409 -2.26* -13.672 3.356 8.031 66.645 56.102 15.018 24.155 16.929 4.086 2.108 1.978 12.756 10.644 2.112 14.491 12.059 2.432 7.694 4.846 2.848 48.357 42.005 56.328 68.703 14.226 12.767 17.852 14.074 12.706 64.009 100.050 75.885 93.184 2.215 844 2.090 4.269 19 20 21 22 23 29.210 4.812 1C.714 9.952 3.732 62.879 28.711 14.336 13.600 6.232 45.362 17.465 7.940 15.496 4.461 63.465 35.869 15.040 12.863 -307 75.326 38.741 15.603 14.032 24 25 26 29.210 10.969 3.837 62.879 38.351 7.920 45.362 22.450 3.162 63.465 49.968 -394 75.326 45.914 27 28 29 30 31 14.404 -660 8 00 8.864 5.400 16.608 787 -98 5 11.410 5.396 19.750 32 33 34 35 36 37 20.261 13.122 3.986 258 -202 3.097 7.888 2.884 2.613 984 1.529 -122 17.577 8.351 38 39 40 41 42 11.604 10.515 .0 2.030 8.485 40.469 32.718 3.568 15.984 13.166 24.428 20.342 -2 29 13.278 7.293 43 44 45 1.089 454 635 7.751 5.633 2.118 46 31.865 47 48 49 3.655 -533 13.638 2.990 6.950 9.077 2.899 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE + PENSION RES. OTHER, NET 27 28 29 30 31 PRIVATE DOMESTIC NONFINANCIAL INVESTORS 2.596 1.982 2.327 2.321 39.324 4.305 18.290 3.763 DIRECT LENDING IN CR. MARKETS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FGREIGN BONDS COMMERCIAL PAPER OTHER 32 33 34 35 36 37 40.411 85.247 8.710 30.634 45.903 88.816 76.251 18.548 29.541 28.162 DEPOSITS + CURRENCY TIME + SAVINGS ACCOUNTS LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 38 39 40 41 42 10.543 7.062 3.481 12.731 9.339 3.392 16.696 12.284 4.412 12.565 8.624 3.941 49.887 64.087 90.523 115.654 128.103 30.403 30.663 11.534 86.351 17.833 68.281 103.140 112.804 104.510 18.430 9*.382 2.898 9.0 50 1.815 23.177 13.595 7.204 TOTAL FOREIGN FUNDS TOTAL NET ISSUES MUTUAL FUND SHARES OTHER EQUITIES 586 9.318 -633 1.468 93.740 81.009 7.664 32.934 13.711 1.606 2.136 5.185 3.974 810 39.287 18.753 4.433 1.059 11.279 101.943 43 44 45 MONEY DEMAND DEPOSITS CURRENCY TOTAL CF CREDIT MARKET INSTRUMENTS, DEPOSITS + CURRENCY 46 47 PUBLIC SUPPORT RATE (?) PVT. FINAN. INTERMEDIATION <T) 48 49 CORPORATE EQUITIES NOT INCLUDED ABOVE 1 2 3 4.305 1.765 2.540 3.514 3.221 293 4.753 3.677 1.076 5.477 2.957 2.520 6.403 5.798 605 9.988 4.787 5.201 10.356 2.629 7.727 14.768 1.145 13.623 12.936 -696 13.632 8.032 -1.586 9.618 3.354 951 6.074 -2.560 5.994 -1.241 9.090 -3.613 10.808 -4.405 12.219 -2.231 1.388 ■1.032 19.266 -4.498 16.034 -3.098 13.446 -5.414 1 2 3 ACQ. BY FINANCIAL INS1ITUTI0NS OTHER NET PURCHASES MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. Line 1. Page 2, line 2. 2. Sum of lines 3=6 or 7-10. 6. 11. Includes farm and commercial mortgages. Credit market funds raised by Federally sponsored credit agencies. Included below in lines 13 and 33. Includes all GNMA-guaranteed security issues backed by mortgage pools. 12. Line 1 less line 2 plus line 11. Also line 19 less line 26 plus line 32. Also sum of lines 27, 32, 39, and 44. 17. Includes farm and commercial mortgages. 25. Lines 39 +44. 26. Excludes equity issues and investment company shares. Includes line 18. 28. Foreign deposits at commercial banks, bank borrowings from foreign branches, and liabilities of foreign banking agencies to foreign affiliates. 29. Demand deposits at commercial banks. 30. Excludes net investment of these reserves in corporate equities. 31. Mainly retained earnings and net miscellaneous liabilities. 32. Line 12 less line 19 plus line 26. 33=37. Lines 13-17 less amounts required by private finance. 37 includes mortgages. 39+44. See line 25. 45. Mainly an offset to line 46. Lines 32 + 38 or line 47. Line 2/line 1. 48. Line 19/line 12. 49. Lines 10 plus 28. 9. 12 less line 27 plus line 45. Corporate equities Line 1 and 3. Includes issues by financial institutions. Line 4 5 AUGUST 1974 households HOUSEHOLDS SFCTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1969 + 1966-73 ANNUAL FLOWS, 1959 + 1965-73 1959 I I || 1965 1966 1967 1968 1969 1970 1971 1972 1973 HOUSEHOLDS, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS PERSONAL INCOME 2 - PERSONAL TAXES ♦ NONTAXFS 383.530 46.213 536.893 65.65^ 587.216 76.364 629.336 62.994 688 .924 97.027 750.921 116.535 608.290 116.591 864.036 117.607 944.884 1055.042 142.383 151 .330 1 2 3 = DISPOSABLE PERSONAL INCOME 337.317 318.234 19.083 2.919 427 5.500 473.240 444.8C8 28.432 4.743 939 14.791 611.8*2 479.32532.527 5.566 1.316 15.151 646.341 505.975 40.266 5.46 6 1.69f 12.434 890.997 551 .239 39.758 6.142 2.458 16.659 634.386 596.174 38.212 7.073 2.536 16.231 691.699 635.498 56.201 8.752 923 10.554 746.431 685.933 60.498 9.199 776 16.453 8C2.601 749.907 52.594 11.080 1.420 24.353 903.712 829.364 74.348 11.540 944 27.0F8 4 5 6 7 8 9 - NET SAVING 10 + CAPITAL CONSUMPTION 11 = GROSS SAVING 27.929 44.495 72.424 48.905 59.853 108.758 54.582 64.306 116.338 59.978 69.910 129.888 65.017 7‘7.lc7 142.174 6-+.052 84.834 146.886 76.430 91.438 167.868 86.926 98.622 185.548 89.447 106.067 195.534 113.890 115.741 22^.631 10 11 12 GROSS INVESTMENT CAPITAL EXPEND.-NET OF SALES 13 14 RESIDENTIAL CONSTRUCTION 15 CONSUMER DUPABLE GOODS NONPROFIT PLANT + EQUIP. 16 79.190 68.269 21.373 44.306 2.590 115.263 69.550 19.097 66.308 4.148 129.332 94.197 18.941 70.782 4.604 134.922 94.635 17.001 73.120 4.6J4 145.517 109.658 21.091 64.032 4.535 145.435 117.839 21.960 90.790 5.089 167.711 116.178 19.627 91.297 5.2 54 186.082 136.398 26.906 103.918 5.674 203.816 158.771 34.283 118.442 6.046 236.640 174.132 37.537 130.310 6.285 12 13 14 15 16 17 NET FINANCIAL INVESTMENT NET ACO. OF FINANCIAL ASSETS 18 1C.P2I 32.974 25.713 55.261 36.135 58.369' 40.2°7 63.984 35.859 69.575 27.596 56.788 51.533 74.057 46.684 92.783 45.045 113.990 61.508 130.760 17 18 19 20 24.817 2.462 40.183 7.676 41.642 3.884 48.76? 11.200 54.295 12.312 42.492 1.831 54.432 11.177 72.276 10.964 93.643 11.843 110.439 13 .054 19 20 44.4C2 27.473 16.929 70.250 29.839 40.411 75.360 29.457 45.903 67.673 39.511 28.162 21 22 23 L. - PERSONAL OUTLAYS F = PERSONAL SAVING, MA BASIS 6 + CREDITS FROM GOVT. INSURANCE 7 + CAPITAL GAINS DIVIDENDS 8 + NET DURABLES IN CONSUMPTION DEP. ♦ CR. MKT. INSTR. (I) DEMAND DFP. + CURRENCY 9 21 22 23 TIME + SAVINGS ACCOUNTS AT COMMERCIAL RANKS AT SAVINGS INST. 11.32c 2.840 8.48 5 28.022 14.856 13.166 20.456 13.163 7.293 34.815 18.086 16.729 20.263 17.378 12 .865 6.009 —2.022 8.C31 24 25 28 27 28 29 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES S. + L. OBLIGATIONS CORPORATE ♦ FGN. BONDS COMMERCIAL PAPER MOPTGAGES 11 .030 5.723 3.288 25 8 c 1.78 6 4.48 8 2.527 1.740 984 -9 -766 17.332 7.686 3.599 1.982 2.748 1.318 2.743 1.822 -2.198 4. 599 —2.125 942 11.720 6.554 -761 4.651 729 1.647 34.952 12.843 9.611 6.616 4.759 1.123 -1.143 -9.686 -751 10.680 -1.524 138 -8.938 -14.376 -151 9.318 -3.922 193 6.440 595 960 5.185 1.546 -1.846 29.712 20.360 4.335 1.059 3.464 494 24 25 26 27 26 29 1.765 -1.165 3.221 -5.381 3.677 -4.613 2.957 -7.268 5 .798 -12.300 4.787 -8.583 2.629 -4.358 1.145 -6.479 -696 -4.670 -1.586 -6.586 30 31 3 .421 8.446 4.825 12.218 4.694 14.736 5.062 14.570 4.621 15.486 4.Q78 16.274 5.242 19.058 6.172 21.559 6.56 0 23.760 7.277 24.359 32 33 30 31 INVESTMENT COMPANY SHARES OTHER CORPORATE SHARES 32 33 LIFE INSURANCE RESERVES PENSION FUND RESERVES 34 35 36 NET INV. IN NCNCORP. BUS. SECURITY CREDIT MISCELLANEOUS ASSETS -4.647 -167 504 -1.942 864 1.273 -3.180 197 1.216 -3.774 2.213 1.465 —2.216 2.096 1.797 -2.460 -1.818 2.118 -4.6 63 -867 2.584 -4.729 536 2.304 -7.409 134 2 .668 -4.434 -206 1.457 34 35 36 37 38 39 40 41 42 43 44 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LCANS N.E.C. CTHEF LOANS 22.053 21 .524 12.560 814 5.605 810 1 .072 663 29.648 28.319 15.232 1.175 8.201 1.414 1.359 938 23.234 22.6^2 12.652 1.257 6.381 1.004 364 2.044 23.697 19.318 10.371 1.194 3.184 1.361 1.86 8 1.320 23.716 29.954 14.625 1.135 6 .317 1 .670 2 .492 1.718 29.192 31.717 16.072 1.276 8.360 1.016 1.008 2.985 22.524 23.374 12.461 1.360 4.959 1.0 f p. 915 2.601 43.099 39.827 24.169 1.217 9.231 2.000 1.637 1.373 68.945 63.125 36.424 1.421 16.037 3.133 2.780 1.330 69.2 52 72.6 15 44.208 1 .408 20.105 2.817 1.800 2.477 37 38 39 40 41 42 43 44 14 297 218 736 229 264 -73 2 79 386 3.684 407 288 2.918 489 355 -3.400 489 386 -1.780 5 CO 430 2.606 345 316 4.672 608 540 -4.570 607 400 45 46 47 —6.766 -6.505 -10.444 -5.034 -3.343 3.451 157 -534 -8.282 -6.009 48 21.373 4.900 12.560 3.913 19.097 7.143 15.232 -3.278 16.941 7.422 12.652 17.001 7.844 10.371 -1.214 21.091 8 .302 14.625 21.960 8.684 16.072 -2.796 19.627 8.997 12.481 -1.851 26.906 9.304 24.169 -6.567 34.283 38.424 -14.149 37.537 10.358 44.208 -17.029 49 50 51 52 44.306 38.806 5.500 66.308 51.517 73.120 45 46 4? SFCURITY CREDIT TRADE DEBT MISCELLANEOUS 48 DISCREPANCY (1) EXCLUDES CORPORATE ECUITIES. MEMORANDA: NET PHYSICAL INVESTMENT: 49 50 51 52 (A, RESIDENTIAL CONSTRUCTION EXPENDITURES - CAPITAL CONSUMPTION - HOME MORTGAGES = EXCESS NET INVESTMENT -1.133 -1.836 10.008 (B) CONSUMER DURABLES 53 54 55 EXPENDITURES - CAPITAL CONSUMPTION = NET INVESTMENT 14.791 70.752 55.601 15.151 16.453 118.442 °4.089 24.353 130.310 16.231 91.297 80.743 10.554 103.918 87.466 12.434 84.032 67.373 16 .659 «C.790 60.686 22.922 4.136 74.669 103.252 27.058 54 55 56 57 - CONSUMER CREDIT = EXCESS NET INVESTMENT 6.415 -915 9.615 5.176 6.355 8.796 4.545 7.889 9.987 6.672 1C. 376 5.855 6.017 4.537 11.231 5.222 IP.170 5.183 58 89 60 61 IC) NONPROFIT PLANT + EQUIP. EXPENDITURES - CAPITAL CONSUMPTION - NONPROFIT MORTGAGES = EXCESS NET INVESTMENT 2.590 789 814 98 7 4.145 1.193 1.175 1.777 4.504 1.283 1.257 1.964 4.514 1.380 4.53K 1.135 1.918 5.039 1.591 1.276 2.222 8.254 1.194 1.69R 1.360 2.196 5.574 1.853 1.217 2.504 6.046 1 .990 1.421 2.635 6.265 2.131 1.408 2.746 58 59 60 61 12.049 5.657 12.182 6.007 12.834 6.354 13.187 7.388 14.214 15.518 6.023 14.424 8.125 13.611 8.104 15.068 6.553 14.343 62 6.727 8.226 63 (2): 21.259 22.708 22.917 2 23.711 23.119 23.934 24.530 23.991 25.063 64 18.698 11.538 6.169 5.913 18.158 11.251 4.478 4.370 17.096 11.659. 18.288 11.603 5.623 4 .905 18.296 8.8 1? 4.53 2 4.925 16.564 10.558 3.211 3.332 18.032 12.266 5.697 19.481 13.986 8.459 7.745 19.005 14.272 7.558 7.947 65 66 67 68 340.663 478.922 518.756 553.519 599.597 INSURANCE CREDITS + CAPITAL GAINS DIVID.) 643.995 701.374 815.001 916.196 69 PER CFNT RATIOS: 62 EFFECTIVE TAX RATT 63 SAVING RATE, NTA BASIS PER CENT OF DISPOSABLE INCOME ADJ. 64 GROSS SAVING 65 6£ 67 68 CAPITAL EXPENDITURES ACQUISITION OF FINAN. ASSETS NET INCREASE IN LIASILITIES CREDIT MARKET BORROWING 6' (2) DISPOSABLE INCOME ADJ. (NIA DISPOSABLE INCOME + GOVT 20.040 9.679 6.473 6.318 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 1.9 4P 4.281 3.490 1.462 5.265 56 57 AUGUST 1974 TCTAL + NONCORP BUSINESS TOTAL + NONCORP BUSINESS 5 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS* 1959 + 1965-73 I I 1959 I | 1965 ANNUAL FLOWS, 1959 + 1965-73 1966 1967 1968 NONFINANCIAL 1969 1970 1971 1972 1973 BUSINESS - TOTAL 1 2 96.226 47.232 129.534 71.812 139.117 77.138 136.248 78.387 142.449 79.780 139.466 80.418 128.166 80.298 137.545 90.590 155.249 104.074 183.881 112.649 INCOME BEFORE TAXES 1 GROSS SAVING 2 3 4 5 6 7 8 9 42.945 50.313 45.556 41.478 8 46 3.232 4.757 62.962 83.576 73.956 65.825 706 7.425 9.620 68.9 76 96.441 81.639 75.538 -650 6.751 14.802 72.617 93.427 85.234 77.172 1.970 6.092 8.193 70.164 97.930 90.865 82.000 1.087 7.778 7.065 74.447 108.876 101.071 90.508 123 10.440 7.805 73.585 108.042 103.514 92.045 881 10.588 4.528 80.400 117.127 110.815 95.011 2.960 12.844 6.312 89.314 134.264 125.730 106.418 2.062 17.250 8.534 98.845 160.525 145.156 125.696 -573 20.033 15.369 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED INVESTMENT BUSINESS PLANT + EQUIPMENT NONFARM HOME CONST. (1) MULTI-FAMILY RESIDENTIAL CHANGE IN INVENTORIES 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 -7.368 13.040 20.408 2.078 14.835 2.955 160 5.070 5.143 1.507 -20.614 21.214 41.828 -28 29.461 5.392 150 9.091 12.209 2.619 -27.465 13.663 41.128 1.25 9 32.543 10.224 -954 9.340 10.564 3.369 -20.810 18.028 38.838 2.397 35.741 14.658 1.120 9.361 7.879 2.723 -27.766 30.576 58.342 -159 40.096 12.893 430 10.909 11.099 4.765 -34.429 30.246 64.675 3.406 46.000 11.975 -416 10.750 14.495 9.196 -34.457 14.788 49.245 5.694 42.301 19.756 324 11.564 5.777 4.880 -36.727 25.264 61.991 11.435 48.156 18.807 1.922 19.546 5.914 1.881 -44.950 33.793 78.743 10.922 59.568 12.187 1.206 26.208 16.083 3.336 -61.680 43.858 105.538 7.420 77.630 9.159 -864 28.439 34.024 5.076 NET FINANCIAL INVESTMENT . FINANCIAL USES OF FUNDS, NET FINAN. SOURCES OF FUNDS, NET CORPORATE SHARE ISSUES CREDIT MARKET INSTRUMENTS CORPORATE BONDS HOMF MORTGAGES OTHER MORTGAGES BANK LOANS N.E.C. 10 11 12 13 14 15 16 17 IB 19 20 21 5.465 -1.970 12.119 276 10.214 -2.888 8.943 -8.243 17.442 963 21.203 -5.934 8.589 -7 .339 5.254 -2.854 15.371 -7.118 20.062 426 22 4.287 8.850 8.162 5.770 9.616 5.971 6.713 10.190 14.760 13.80* DISCREPANCY OTHER LOANS TRADE DEBT CTHER LIABILITIES 20 FARM BUSINESS 1 2 3 4 5 6 11.421 -24 4.228 107 4.121 4.204 14.837 -2 4.981 202 4.779 4.979 16.085 25 5.282 230 5.052 5.307 14.832 -53 5.747 278 5.469 5 .694 14.680 17 6.206 253 5.953 6.223 16.741 -25 6.558 321 6.237 6.533 16.902 -94 6.391 360 6.031 6.297 17.199 -47 6.991 515 6.476 6.944 20.954 132 7.476 578 6.898 7.608 38.529 308 8.422 623 7.799 8.730 NET INCOME NET SAVING CAPITAL CONSUMPTION CORPORATE NONCORPORATE CURRENT SURP. = GROSS SAVING 7 8 9 10 11 4.204 4.366 3.729 645 -8 4.979 6.344 4.850 521 973 5.307 5.803 5.421 541 -159 5.694 7.317 6.011 569 737 6.223 6.339 5.673 549 117 6.533 6.645 5.899 643 103 6.297 7.045 6.345 478 222 6.944 8.376 6.425 557 1.394 7.608 8.418 7.128 555 735 8.730 13.927 9.454 504 3.969 GROSS INVESTMENT CAPITAL EXPENDITURES PLANT + EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 12 13 14 15 16 17 -162 -602 -700 98 82 16 -1.365 280 100 180 140 40 -496 207 0 207 161 46 -1.623 363 100 263 214 49 -116 579 200 379 277 102 -112 536 100 436 381 55 -748 604 115 489 438 51 -1.432 691 123 568 498 70 -810 936 262 674 584 90 -5.197 715 0 715 555 160 NET FINANCIAL INVESTMENT NET INCR. IN FINAN. ASSETS DEMAND DEPOSITS + CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONS. AGS. (2) 18 19 20 21 22 23 24 -440 1.932 992 694 246 12 234 1.645 3.290 2.233 708 349 80 269 703 3.110 1.782 933 395 -12 407 1.986 3.622 2.276 700 646 158 488 695 2.832 2.242 400 190 -53 243 648 3.176 1.942 628 606 -15 621 1.352 3.249 1.775 827 647 -52 699 2.123 4.098 2.011 1.345 742 47 695 1.746 4.857 2.580 1.814 463 36 427 5.912 8.617 4.383 3.013 1.221 119 1.102 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S. GOVERNMENT FICB 25 26 423 693 -2.338 866 -3.273 816 -2.452 263 -2.400 691 -3.219 942 -2.839 1.113 1.451 1.462 -2.795 -3.088 -4.562 -4.167 TRADE DEBT PROPRIETOR NET INVESTMENT 12 13 14 15 16 17 25 26 NONFARM NONCORPORATE BUSINESS 1 42.082 50.741 53.750 56.402 58.867 59.952 60.331 62.162 65.295 67.742 NET INCOME 1 2 3 8.056 8.054 10.243 10.241 10.678 10.678 11.242 11.241 11.921 11.852 13.122 13.172 14.559 14.566 15.682 15.686 17.727 17.726 19.349 19.323 CAPITAL CONSUMPTION CUPREN1 SURP. = GROSS SAVING 2 ? 4 5 6 7 8 9 10 8.054 9.280 8.661 6.946 100 1.615 619 10.241 14.950 14.210 8.628 92 5.490 740 10.678 14.119 13.531 9.067 —5°6 5.060 588 11.241 14.733 14.529 9.288 701 4.540 204 11.852 16.585 16.060 9.848 269 5.943 525 13.172 18.561 17.580 10.571 -260 7.269 981 14.566 16.948 18.308 10.635 202 7.471 -1.360 15.686 21.589 21.732 11.479 1.202 9.051 -143 17.726 23.373 25.287 12.203 754 12.330 -1.914 19.32? 25.089 26.570 12.923 -538 14.185 -1.481 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED CAPITAL PLANT + EQUIPMENT HOME CONSTRUCTION si) MULTI-FAMILY RESIDENTIAL CHANGE IN INVENTORIES 4 5 6 7 8 9 10 11 12 13 14 15 16 17 -1.226 -526 -9 34 221 187 179 8 -4.709 720 0 436 284 271 13 -3.441 849 0 490 359 3 50 9 -3.492 832 0 430 402 391 11 -4.733 971 0 489 482 471 11 -5.389 1.269 0 597 672 659 13 -2.382 1.270 0 586 684 669 15 -5.903 1.481 0 687 794 781 13 -5.647 2.068 0 1.074 994 982 12 -5.766 2.255 0 1.264 991 971 20 NET FINANCIAL INVESTMENT NET ACO. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EC. IN SPONS. AGS. (2) 11 12 13 14 15 16 17 18 19 20 21 22 23 700 2.367 1.219 80 913 226 5.429 5.749 3.151 75 2.751 32 5 4.290 5.416 2.365 -477 2.399 443 4.324 4.957 3.709 560 2.800 349 5.704 5.559 3.444 215 2.700 529 6.658 7.359 3.771 -208 3.572 407 3.652 5.273 4.896 162 4.338 396 7.384 8.700 8.008 961 6.171 876 7.715 10.358 9.222 603 7.283 1.336 8.021 9.282 7.067 -43 2 5.935 1.564 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAG;3 MULTI-FAMILY COMMERCIAL 18 19 20 21 22 23 24 25 423 725 959 1.639 1.333 1.718 603 645 1.095 1.020 2.117 1.471 -614 991 204 488 731 405 382 1.833 26 27 185 -1.852 -716 396 -1.219 93 689 -1.322 -37 182 -460 -241 203 -1.824 325 -1.641 204 -2.847 -994 -267 BANK iCANS N.E.C. OTHER IOANS TRADE DEBT, NET PROPRIETOR NET INVESTMENT U) CHANGE IN WORK IN PROCESS. (2) SHARES IN FICB •S, BANKS FOR COOPS® AND LAND BANKS. MON;-Y AMOUNTS ARE IN MILLIONS OF DOLLARS 24 25 26 27 AUGUST 1974 CORPORATE FUSTNESS COPPORATF BUSINESS SECTOR STATEMENTS CF SAVING ANO INVESTMENT 6 ANNUAL FLOWS, 19EO + 1965-73 ANNUAL FLOWS, 1959 + 1965-72 I I 1959 II 1965 1966 1968 1967 1969 1970 1971 1972 1973 CORPORATE BUSINESS PROFITS BEFORE TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID = UNDISTRIBUTED PROFITS ♦ FOREIGN BRANCH PROFITS 6 + INV. VALUATION ADJUSTMENT 7 + CAPITAL CONSUMPTION ALLOW. e = GROSS INTERNAL FUNDS 43.188 20.726 10.871 11.591 678 -465 22.870 34.974 65.673 27.541 16.814 21.218 1.765 -1.717 35.226 56.592 71.066 3C.C01 ie.143 22.922 1.81? -1.784 38.202 61.153 66.143 28.296 18.824 19.023 2.095 -1.129 41.463 61.452 72.227 33.970 20.801 17.466 2.470 -3.335 45.104 61.705 67.898 33.610 20.600 13.598 2.450 -5.125 49.7^0 60.713 55.734 27.505 19.953 8.276 2.331 -4.801 53.629 59.435 63.111 29.685 20.171 13.255 1.982 -4.927 57.650 67.960 76.020 23.265 22.104 20.651 2.061 -7.020 63.028 78.740 95.169 40.526 23.638 31.033 3.678 -17.579 67.464 84.596 1 2 3 4 5 6 1 e c GROSS INVESTMENT ID CAPITAL EXPENDITURES EIXEC INVESTMENT 11 PLANT ♦ ECUIPMENI 1? HOME CONSTRUCTION 13 14 MULTI-FAMILY RESIDENTIAL CHANGE TN TNVENTOPIES 1- 30.667 36.667 22.521 2C.FC2 101 1 .617 4.146 47.742 62.262 54.275 52.247 93 1.935 7.907 52.991 76.c19 62.14fe 61.050 — 595 1.691 14.37? 55.682 71.377 64.125 61.873 700 1.552 7.25? 52.089 75.006 6c.583 66.479 269 1.825 6.4?3 54.^42 83.670 76.949 74.038 -260 5.171 6.721 52.722 84.049 78.383 75.065 201 3.117 5.666 57.770 87.162 82.101 77.1C7 1 .201 3.793 5.C6I 63.980 102.473 92.760 67.CE7 753 4.920 9.713 70.792 121 .5C9 108 .628 1C3.319 -539 5.848 12.881 9 1C 11 i? 12 14 15 16 NFT FINANCIAL INVESTMENT 17 FINANCIAL USES OF FUNDS, NET -5.ceo 14.166 -14.54C 2C.214 -23.528 12.607 -15.695 16. £33 — 22 .917 29.026 -28.928 28.441 -31.327 12.914 -29.292 23.092 -36.493 30.785 -50.717 40.886 16 17 1 2 3 4 5 18 19 20 21 22 23 24 LICUID ASSETS DEMAND CEP. + CURRENCY TIME DEPOSITS U.S. GOVT. SECURITIES S. ♦ L. OBLIGATIONS COMMERCIAL PAPER SECURITY R.P.'S 6.386 -8 8 7 -400 6.129 751 -207 C 2.€12 211 2.322 -2.47° 920 470 1.068 -2 .6 61 2 1» -1.3°o -1.207 -961 -225 -196 4.76? 1.6’2 2.079 -?.5’7 -539 4.178 -150 7.960 1.714 374 323 482 4.165 90? 2 .? 4fe 2.501 -2.404 -2.261 —98? 4.02? 1.380 -395 937 1.695 481 -62'509 -3.388 10.589 524 3.600 2.176 1.000 2.446 843 4.002 -107 3.11C -2.429 1.000 817 1 .611 6.949 -270 1 .354 -i.eis -137 5.241 2.574 18 19 20 21 22 23 24 25 26 27 2« 29 30 31 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FOREIGN DIP. INVFST. (1) FOREIGN CURRENCIES INSURANCE RECEIVABLES EQUITY IN SPONSORED AGS. 820 6.024 1.938 1.372 -17 570 13 226 13.987 3.367 3.277 -312 416 6 548 11.999 3.721 3.029 104 965 23 270 8.344 3.456 2.69C 84 668 14 -9 18.649 2.426 1 .079 532 7S9 26 326 22.728 3.041 2.24? -414 1.147 65 716 8.262 4.231 3.599 -375 896 111 572 5.692 6.239 3.782 1.387 1.047 23 1.572 20.047 '>.168 1.515 1.784 1 .651 18 2.007 24.080 7.852 3.6*9 2.566 1 .616 19 25 26 27 28 29 30 31 32 33 34 35 FINAN. SOURCFS OF FUNDS, NET NFT FUNDS RAISED IN MKTS. NFT NEW SHARE ISSUES DEFT INSTRUMENTS 20.148 12.614 2.078 10.536 34.754 20.294 —28 20.422 36.129 25.276 1.259 24.017 32.526 29.559 2.397 27.16? 51.943 21.546 -199 31.705 57.369 38.871 3.406 35.465 44.241 39.473 5.694 33.779 52.464 46.793 11.435 35.358 69.262 55.275 10.922 44.353 91.605 67.151 7.420 59.731 32 33 34 35 36 37 38 39 40 41 TAX-EXEMPT BONDS (2) CORPORATE BONDS (1) MORTGAGES 'HOME MORTGAGES MULTI-FAMILY COMMERCIAL D 2.95 53.019 80 907 2.032 0 5.292 3.857 7*5 867 2.915 0 10.224 4.23° -477 725 3.991 0 14.658 4.406 560 805 3. 12? 0 12.893 5.653 215 671 4.767 0 11.975 4.621 —208 1.167 3.662 0 19.756 5.217 162 1.485 3.570 86 16.607 11.449 961 2.601 7.887 548 12.187 15.612 603 2.985 12.024 1.796 9.159 16.125 -432 2.482 14.075 36 37 38 39 40 41 42 43 44 45 BANK LOANS N.E.C. OPEN-MARKET PAPER FINANCE COMPANY LOANS U.S. GOVERNMENT LOANS 4.026 -328 847 27 10.542 -291 628 294 6.298 955 -65 3 66 6.976 1.521 -29C 191 9 .604 1 .644 1.747 164 11.750 2.664 4.338 117 5.564 2.561 388 293 4.365 -1.460 1.885 226 12.538 -549 2.776 241 30.629 -299 1 .996 325 42 43 44 45 46 47 48 PROFIT TAX LIABILITY TRADE DEBT MISCELLANEOUS LIABILITIES 2.439 4.857 228 2.162 12.142 56 2C5 10.967 87 -4.727 7.438 25e 2.861 17.216 320 -3.306 20.972 8 32 -3.706 7.444 1.030 1.991 3.816 -116 -92 13.716 383 2.323 19.594 2.537 46 47 48 4.287 8.850 8.162 5.77C 9.616 5.971 6.713 10.190 14.760 13.804 49 l.lb7 18.162 1.845 25.836 1.432 30.564 906 32.329 1.433 32.153 1.756 36.417 918 30.322 1.876 27.797 6.331 33.738 4.486 38.103 50 51 47.990 104.840 28.734 41.936 110.054 32.789 42.215 125.127 31.386 42.780 116.150 38.054 47.025 121.555 42.269 49.9(50 137.81? 42.386 49.350 141.413 40.189 47.036 128.254 40.565 43.7*8 130.140 43.282 42.576 143.634 49.157 52 53 54 49 DISCREPANCY 50 MEMO: NET TRADE CREDIT 61 PROFITS TAX PAYMENTS PER CENT RATIOS: 62 EFFECTIVE TAX RATE 53 CAPITAL CUTLAYS/INTERNAL FUNDS 54 CR. MKT. BORROWING/CAP. EXP. (1) FOREIGN INVESTMENT EXCLUDES AMOUNTS FINANCEC BY BOND ISSUES ABROAD, AND BOND ISSUES OUTSIDE THE U.S. ARE EXCLUDED FROM FINANCIAL SOURCES OF FUNDS ABOVE. (2) INDUSTRIAL POLLUTION CONTROL REVENUE BONDS. THESE ARE FORMALLY ISSUED BY STATE AND LOCAL GOVERNMENT AUTHORITIES, BUT THEY FINANCE PRIVATE INVESTMENT ARE ARE SECURED IN INTEREST AND PRINCIPAL BY THE INDUSTRIAL USER OF THE FUNDS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST 1974 GOVERNMENTS GOVERNMENTS SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 ♦ 1965-73 I I 1959 || 1965 1966 1967 1969 1968 1970 1971 1972 1973 STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS 1 2 3 4 46.017 36.461 2.729 6.827 75.452 59.843 4.486 11.123 85.172 65.806 4.991 14.375 93.536 72.018 5.692 15.826 107.120 82.028 6.417 18.675 119.713 92.103 7.264 20.346 134.970 102.265 8.258 24.447 152.194 114.029 9.154 29.011 177.204 129.201 10.560 37.443 193.527 141.295 11.728 40.504 TCTAL RECEIPTS, NIA BASIS TAX RECEIPTS SOCIAL INSURANCE RECEIPTS GRANTS IN AID RECEIVED 5 6 7 8 9 10 46.830 43.346 3.484 -813 1.926 -2.739 74.490 70.108 4.382 962 3.294 -2.332 83.906 79.040 4.866 1.266 4.226 -2.960 95.089 89.387 5.702 -1.553 4.093 -5.646 107.466 100.793 6.673 -346 4.820 -5.166 119.028 111.184 7.844 685 5.488 -4.803 133.212 123.349 9.863 1.758 6.265 -4.507 148.835 136.600 12.235 3.359 6.285 -2.926 164.863 150.794 14.069 12.341 7.858 4.483 184.371 169.816 14.555 9.156 9.415 -2 59 TCTAL EXPENDITURES, NIA BASIS PURCH. OF GOODS + SERVICES NET INTEREST + TRANSFERS NET SURPLUS, NIA BASIS - RETIREMENT CREDIT TO HH = GROSS SAVING 5 6 7 8 9 10 11 12 13 14 15 -3.639 2.926 1.284 1.694 -410 -3.208 4.822 1.992 -382 2.374 -2.752 4.013 2.124 848 1.276 -5.143 3.419 3.588 1.158 2.430 -4.870 5.566 3.003 -215 3.218 -9.255 1.929 -4.477 1.413 -5.890 -4.260 7.574 7.151 -2.854 10.005 -12.050 6.441 8.181 1.022 7.159 -2.663 12.221 8.319 1.542 6.777 -5.395 7.949 6.912 -312 7.224 NET FINANCIAL INVESTMENT NET ACO. OF FINANCIAL ASSETS TOTAL DEPOSITS + CURRENCY DEMAND DEP. + CURRENCY TIME DEPOSITS 11 12 13 14 15 16 17 18 19 1.517 1.270 1.233 37 2.760 2.836 2.792 44 1.796 1.873 2.505 -632 -347 -389 -806 417 2.285 2.181 -489 2.670 6.444 6.430 3.062 3.368 310 177 934 -757 -2.003 -1.756 -1.298 -458 3.626 3.440 4.026 -586 439 206 1.179 -973 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES DIRECT U.S. GOVT. AGENCY SEC. 16 17 18 19 20 21 22 -23 2 70 125 -56 -20 70 -42 -35 93 0 42 178 46 58 278 65 -51 -38 158 -25 113 -263 16 263 176 10 276 235 -2 598 S. * L. OBLIGATIONS HOME MORTGAGES TAXES RECEIVABLE 20 21 22 23 24 25 26 27 6.565 6.465 6.280 403 5.877 8.030 7.658 7.345 618 6.727 6.765 6.274 5.647 661 4.986 8.562 7.944 7.769 1.823 5.946 10.436 9.826 9.516 143 9.373 11.184 10.670 9.924 2.766 7.158 11.834 11.323 11.246 2.343 8.903 18.491 17.840 17.475 2.483 14.992 14.884 14.176 13.831 -681 14.512 13.344 12.258 11.913 -248 12.161 NET INCREASE IN LIABILITIES CREDIT MARKET BORROWING S. + L. OBLIGATIONS SHORT-TERM OTHER 23 24 25 26 27 28 29 185 100 31? 372 627 491 175 618 310 610 746 514 77 511 365 651 345 708 345 1.086 U.S. GOVERNMENT LOANS TRADE DEBT 28 29 30 900 876 -208 -503 -296 4.452 -247 DISCREPANCY 9.124 7.146 5.136 EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. 30 1 2 3 4 U.S. GOVERNMENT 1 2 3 A 5 89.741 39.900 22.454 12.544 14.843 124.728 53.810 29.273 16.510 25.135 142.535 61.705 32.072 15.714 33.044 151.217 67.521 30.743 16.290 36.663 175.025 79.653 36.708 17.979 40.685 197.330 94.824 36.621 18.976 46.909 192.026 92.221 31.035 19.320 49.450 198.458 89.926 33.439 20.448 54.645 227.241 108.195 36.567 20.010 62.469 258.517 114.138 43.716 21.160 79.503 TCTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES SOCIAL INSURANCE RECEIPTS 6 7 8 9 10 11 12 90.988 53.659 30.896 6.433 -1.247 993 -2.240 123.497 66.897 47.900 8.700 1.231 1.449 -218 142.750 77.773 55.495 9.482 -215 1.360 -1.575 163.594 90.706 62.702 10.186 -12.377 1.395 -13.772 181.509 98.768 71.000 11.741 -6.484 1.322 -7.806 189.208 98.781 77.290 13.137 8.122 1.585 6.537 203.927 96.182 93.155 14.590 -11.901 2.487 -14.388 220.333 97.642 109.049 13.642 -21.875 2.914 -24.789 244.719 104.861 126.401 13.457 -17.478 3.222 -20.700 264.144 106.558 141.324 16.262 -5.627 2.125 -7.752 TOTAL EXPENDITURES, NIA BASIS GOODS + SERVICES TRANSFERS, ETC. NET INTEREST NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 -2.682 4.906 69 658 -42 1.778 -1 925 340 514 2.431 -1 13 -865 3.033 103 -1.400 -22 2.773 34 -129 2.858 1.160 38 8 31 -751 5.449 -232 -86 -30 4.911 1.311 603 235 2.762 -722 1.249 359 -12.793 2.923 399 993 47 4.552 -87 728 153 3.758 -4.387 1.468 -149 -8.416 7.442 2.036 -1.680 101 4.937 135 832 292 3.678 1.699 575 -226 6.148 3.672 1.351 1.143 -157 2.876 -1.300 94 613 3.469 -2.554 919 94 -15.182 686 -1.976 2.452 252 2.833 -97 -140 48 5 2.585 -2.349 -777 251 -24.883 4.174 -2.233 3.301 66 3.236 18 -318 355 3.181 1.438 -1.704 70 -21.066 -86 -338 -968 77 2.622 -17 -606 363 2.882 -763 -819 103 -7.671 4.343 -19 -1.847 -167 2.982 -2 -1.186 603 3.567 2.163 2 74 957 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS GOLD, SDR'S + OFF FGN EXCH DEMAND DEPOSITS ♦ CURRENCY TIME DEPOSITS CREDIT MARKET INSTRUMENTS SPONSORED AGENCY ISSUES HOME MORTGAGES OTHER MORTGAGES OTHER LOANS TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 7.588 39 7.089 -1.796 9.219 -334 993 71 -494 3.898 234 1.768 635 666 467 1.449 507 681 6.200 899 3.633 654 1.686 1.293 1.360 669 1.207 15.716 683 13.005 890 8.023 4.092 1.395 569 1.316 15.858 416 13.398 373 9.946 3.079 1.322 -1 1.138 -2.476 272 -3.646 -386 -891 -2.369 1.585 -328 -415 15.868 622 12.802 281 12.605 -84 2.487 -582 579 29.057 490 25.500 2.425 23.598 -523 2.914 -675 643 20.982 533 17.317 3.295 10.624 3.398 3.222 -120 443 12.014 422 9.714 2.700 5.039 1.975 2.125 116 175 NET INCREASF IN LIABILITIES TREASURY CURR. + SDR CTFS. CREDIT MARKET INSTRUMENTS SAVINGS BONDS DIRECT EXCL. SVGS. BONDS AGENCY ISSUES ♦ MTGS. LIFE + RETIREMENT RESERVES TRADE DEBT MISCELLANEOUS 26 27 28 29 30 31 32 33 34 35 36 442 20.023 647 28.113 -824 32.794 -979 35.130 610 35.009 389 39.175 794 33.384 94 32.001 368 37.330 -81 41.553 IO DISCREPANCY MEMO: CORP. TAX RECEIPTS, NET 1 2 3 4 5 35 36 FEDERALLY SPONSORED CREDIT AGENCIES 1 35 80 100 73 95 96 71 84 84 227 2 3 4 5 6 7 8 9 10 11 12 2.290 32 2.224 100 669 2 73 1.182 112 234 836 34 2.285 -15 2.231 107 523 563 1.038 97 269 672 69 5.060 3 5.117 984 1.8 76 677 1.580 235 407 938 -60 -108 3 -93 -25 1.126 651 -1.845 216 488 -2.549 -18 3.238 3 3.241 -108 1.645 517 1.187 71 243 873 -6 9.172 49 8.870 -407 3.883 588 4.806 155 621 4.030 253 10.795 -37 10.030 1.873 5.361 473 2.323 298 699 1.326 802 3.410 54 3.167 -1.160 5.598 730 -2.001 -17 695 -2.679 189 6.610 -48 7.030 -401 5.486 1.190 755 285 427 43 -372 22.019 98 20.255 1.349 8.393 1.964 8.549 279 1.102 7.168 1.666 NET INCREASE IN ASSETS 2 DEMAND DEPOSITS ♦ CURRENCY 3 CREDIT MARKET INSTRUMENTS 4 U.S. GOVERNMENT SECURITIES 5 RESIDENTIAL MORTGAGES (1) 6 FARM MORTGAGES 7 OTHER LOANS 8 TO COOPS (BC) 9 TO FARMERS (FICB) 10 TO S+L'S (FHLB) 11 MISCELLANEOUS ASSETS 12 13 14 15 16 17 18 2.260 2.274 2.195 79 -14 5 2.230 2.114 1.909 205 116 25 5.014 4.825 5.058 -233 189 54 -150 -621 -554 -67 471 31 3.223 3.476 3.229 247 -253 80 9.137 8.783 9.066 -283 354 61 10.778 8.234 8.234 0 2.544 54 3.315 3.844 3.844 0 -529 -11 6.464 6.182 6.182 0 282 -62 21.758 19.589 19.589 0 2.169 -34 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS SPONS. AGENCY ISSUES (1) U.S. GOVERNMENT LOANS MISCELLANEOUS LIABILITIES DISCREPANCY MONEY AMOUNTS ARE IN CURRENT SURPLUS (1> ALL GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS ARE INCLUDED IN AGENCY SECURITIES. THE MORTGAGE POOLS ARE INCLUDED IN RESIDENTIAL MORTGAGES. MILLIONS OF DOLLARS. 1 13 14 15 16 17 18 AUGUST 1974 EANKING SYSTEM BANKING SYSTEM 8 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 19^9 + 1965-73 ANNUAL FLOWS, 1559 I I 1 1 1565 1966 1°67 1968 1969 1970 1971 1972 1955 + 1965-73 1973 MONETARY AUTHORITIES 1 CURRENT SURPLUS 2 NET ACC. OF FINANCIAL ASSETS 3 GOLD ♦ FOREIGN EXCHANGE z. TREASURY CURR. + STR CTFS. 5 F.R. FLOAT F.R. LOANS TO DOMESTIC BANKS 6 7 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES 6 ACCEPTANCES 9 1C BANK LOANS N.E.C. 26 18 26 21 40 21 -12 -1.105 77 204 40? 315 302 26 -13 2.265 -1.325 170 -358 -60 3.828 3.724 93 11 4.224 -336 742 262 77 3.479 3.514 6 -41 4.861 -461 4£ 7 f. 6 -32 4.801 4.£30 -29 0 3.644 -1.156 167 867 47 3.719 3.825 -106 0 4. 171 -97 53 -3 -5 4.223 4.217 6 0 5.287 -1.368 701 821 152 4.9B1 4.988 -7 0 180 -330 -237 2.229 361 319 4.206 1.347 599 4.823 1.298 481 3.623 767 1 .264 4. 131 226 115 5.266 2.06 6 -272 8.353 3.638 563 -146 74 635 2 03 -no 2.046 -4 -68 2.113 -502 5 2.346 164 204 1.978 -1 -86 2.978 67e —9 2.112 17 49 1.501 -1 .012 81 2 .432 0 91 3.262 514 -ire 2.848 29 499 3.068 — 3B2 -31 3.481 20 4.408 897 119 2.392 -33 3B6 11 NET INCREASE IN LIABILITIES mfmber bank reserves 12 VAULT CASH OF COML. EANKS 13 14 15 16 17 18 19 -56 -1°2 PFMANO OEPOSITS + CUPRENCY CUF TC U.S. GOVERNMENT OUE TO PEST CF THF WORLD CURRENCY OUTSIOE BANKS TAXES PAYABLE MISCELLANEOUS LIABILITIES 1C1 132 1 2.159 -371 686 -369 1 .942 271 426 -155 0 7.8^2 -190 403 -875 -723 9.227 9.265 -38 0 2 3 4 5 6 7 8 9 10 2.Q6e -2.141 1.125 7.710 1.413 2 .040 11 12 13 -164 3.210 -1.106 -96 4.412 -21 -115 3.374 -498 -69 3.941 123 76C 14 15 16 17 18 19 8 .298 -832. 478 82 -296 8.866 8.662 204 0 494 COMMERCIAL BANKING (1) 1 .£60 577 2.103 882 2.467 1 .022 2.335 976 3.01? 1 .314 3.744 1.862 3.329 2.139 2.900 2.299 3 .4 94 2.652 4.395 3.039 1 2 4.283 -29 5.059 4.812 -6.82.8 -7.707 -1.121 29.833 -7 28.610 26.711 -2.790 -3.378 588 21.31? 32 18.125 17.465 -3.138 -3.412 274 40.871 50 37.393 35.86° 9.405 6.468 2.937 46.270 23 40.127 38.741 3.264 2.053 1.201 21.964 35 17.167 18.247 -10.016 -9.706 -308 46.234 103 36.603 35.068 10./. '1 6.9 18 3.509 68.49? 127 51.350 50.592 6.°44 3.115 3.829 78.267 169 75.429 70.543 6.463 2.400 4.063 100.247 286 83.260 86.600 -1 .273 -8.833 7.560 3 4 5 6 7 8 9 1 CURPFNT SURPLUS 2 PLANT + EQUIPMENT 3 NET ACO. OF FINANCIAL ASSETS DEMAND DFPOSTTS + CUPRENCY 4 TOTAL BANK CREDIT 5 CREDIT MARKET INSTRUMENTS 6 7 U.S. GOVT. SECURITIES DI R'ECT 8 9 AGENCY ISSUES 10 11 12 13 14 OTHEF SECURITIES + MTGS. 5. + L. OBLIGATIONS CORPORATE PONDS HOMF MCRTGAGES OTHER MORTGAGES 2.751 406 -138 1.471 1.012 10.822 5.217 -°4 3.161 2.518 7.1G3 2.329 69 2.402 2.303 14.664 9. 121 604 2.472 2.167 15.632 8 .551 3C4 3 .490 3.167 6.652 203 -55 2.986 2.418 13.932 10.668 802 865 1.597 23.822 12.607 1.275 5.691 4.249 25.660 7.150 1.711 8.984 7.815 25.918 5.700 464 10 .994 8 .760 IP 11 12 13 14 15 16 17 IB OTHER CP. EXCL. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER 10.889 2.873 7.504 512 20.679 4.608 16.387 -316 13.500 2.613 9.751 1.136 11.900 2.366 7.468 2.047 19.965 5.680 15.657 -1 .382 22.711 4.664 17.566 481 10.709 2.893 5.8 34 1 .982 19.826 6.689 12.351 786 38.420 10.084 28.540 -204 61.955 10.608 52.115 -768 15 16 17 18 8 239 57 -158 62 597 64 1.460 C6 1 .320 49 -1.109 94 1.441 -17 775 129 4.757 56 -3.396 19 20 -56 7 —5 -175 680 62 488 1.946 9 1.206 1.779 952 6°7 2.C31 700 3.369 341 1.619 2.782 1.79? 1.692 5.044 4.132 1 .664 1.219 -1.016 1.428 2.2 57 3.453 6.009 7.239 21 22 23 24 NET INCREASE IN LIABILITIES 25 DEMAND DEPOSITS, NFT U.S. GOVERNMENT 26 27 OTHER 3.746 1 .351 600 551 28.504 5.222 -986 6.207 20.100 1.559 -633 2.092 3°.149 12.019 242 11.777 44.432 13.276 -224 13.600 19.808 4.945 44 4.901 43.609 11.209 2.884 8.325 56.840 12.995 2.231 10.764 76.34? 16.340 7C6 15.634 97.332 12.568 -1.010 13.598 24 25 26 27 28 29 30 31 TIME OEPOSITS LARGE NEGOTIABLE CD’S OTHER AT CCMMERCIAL BANKS AT F0RE1CN BANKING AGS. 1.071 0 1.045 26 20.108 3.666 16.367 75 13.269 -592 13.6 4? 38 23.°14 4.671 19.132 111 20.721 3.136 17.429 154 -9.465 -12.649 2.6 53 231 37.965 15.155 22.434 376 41.363 8.685 32.418 260 42.343 9 .760 33.045 -462 50.934 20.012 30.316 606 28 29 30 31 32 33 34 35 36 37 CORPORATE EQUITIES CREDIT MARKFT OEBT F.R. FLOAT BORROWING AT F.R. BANKS OTHER INTERBANK CLAIMS TAXES PAYABLF 132 -2 254 407 -5 -460 -62 1.876 -356 -60 62 -132 -11 -37 262 77 -31 -3 7 91 66 -32 952 -FI -57 1.36? 667 47 700 -51. -31 5.792 -3 -4 1.619 78 127 -4.964 821 16? 1.692 340 624 3.181 82 -296 1.664 -27 1.168 4.388 -369 1 .942 I .428 -200 1.216 10.627 -875 -723 6.009 85 22 33 34 35 36 27 38 39 40 MISCELLANEOUS LIABILITIES LIAB. TP FGN. AFFILIATES OTHER 958 45 913 1.840 72 1.777 4.983 2.942 2.041 2.257 703 1.554 7.577 2.318 5.259 16.878 7.936 6.942 -3.733 -6.939 3.206 -2.746 -4.069 1.323 9.302 933 8.369 17.471 1.063 16.408 38 29 40 766 -108 2 2e -363 -135 -275 -435 -1.051 -1.083 -1 .559 41 15 20 2) 22 23 CORPORATE EQUITIES SECURITY CREDIT VAULT CASH + MEM. BANK. P.FS. OTHER INTERBANK CLAIMS MISCELLANEOUS ASSETS 41 DISCREPANCY 9 (1) CONSISTS OF CHARTERED DOMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, ECGE ACT CORPORATIONS, AGENCIES OF FOREIGN BANKS, ANO BANKS IN U.S. POSSESSIONS. tPGE ACT CORPORATION'S ANO AGFNCIES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS ’’FOREIGN BANKING AGENCIES.” MONEY AMOUNTS ARE IN MILLIONS CF DOLLARS. AUGUST 1974 COMMERCIAL BANKING SUBSECTORS COMMERCIAL BANKING SUBSECTORS SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING I I 1959 I I 1965 9 ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 + 1965-73 1968 1967 1966 1969 1970 1971 1972 1973 COMMERCIAL BANKS 1 2 1.880 577 2.103 882 2.467 1.022 2.335 976 3.017 1.314 3.744 1.863 3.329 2.139 2.900 2.299 3.494 2.65? 4.395 3.039 3 4 5 6 7 8 4.371 4.956 4.749 -8.825 -7.704 -1.121 29.942 28.533 28.428 -2.856 -3.444 588 20.337 17.500 16.965 -3.110 -3.384 274 39.839 36.806 35.346 9.247 6.310 2.937 43.519 39.575 38.255 3.194 1.993 1.201 13.620 11.630 12.739 -10.065 -9.757 -308 37.961 34.694 33.253 10.542 7.033 3 .509 56.570 51.054 50.279 7.017 3.188 3.82° 77.271 73.494 68.824 5.954 2.098 3.856 88.611 77.935 80.895 -1.291 -8.751 7.460 9 1C 11 12 13 2.765 408 -132 1.478 1.011 10.716 5.191 -101 3.112 2.514 6.977 2.279 52 2.369 2.277 14.346 9.002 766 2.409 2.169 15.513 8.567 292 3.455 3.199 5.348 170 -58 2.954 2.282 13.632 10.454 814 745 1.619 23.865 12.783 1.274 5.584 4.224 25.314 7.114 1.410 8.962 7.828 25.672 5.611 419 10.980 8.662 OTHER SECURITIES + MTGS. S. + L. OBLIGATIONS CORPORATE BONDS HOMF MORTGAGES OTHER MORTGAGES 9 10 11 12 13 14 15 16 17 16 10.809 2.873 7.424 51? 207 20.568 4.608 16.276 -316 105 13.098 2.613 9.349 1.136 535 11.753 2.365 7.341 2.047 1.460 19.548 5.680 15.250 -1.382 1.320 17.456 4.664 12.311 481 -1.109 9.079 2.893 4.204 1 .982 1.441 19.397 6.689 11.922 786 775 37.556 10.084 27.676 -2 04 4.670 56.514 10.608 46.6 74 -768 -2.960 OTHER CR. EXCL. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 14 15 16 17 18 19 20 21 -5 79 -567 -12 702 680 22 1.976 1.946 30 1.768 1.779 -11 2.055 2.031 24 399 341 58 1.988 1.792 196 4.010 4.132 -122 1.527 -1 .016 2.543 5.779 3.453 2.326 CURRENT SURPLUS PLANT + EQUIPMENT 1 2 NET ACQ. OF FINANCIAL ASSETS TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES DIRECT AGENCY ISSUES 3 4 5 6 7 8 INTERBANK CLAIMS 19 VAULT CASH + MEM. BK. RES. 20 DEP. AT FGN. BANKING AGS. 21 22 -6 707 861 1.265 1.889 1.591 1.279 1.506 2.250 4.897 23 24 25 26 3.834 941 800 141 28.613 5.458 -98 5 6.443 19.120 1.607 -5 33 2.140 38.117 11.882 242 11.640 41 .681 12.286 -224 12.510 11.464 4.607 44 4.563 36.336 4.625 2.884 1.741 54.918 12.973 2.231 10.742 75.346 20.087 706 19.381 85.696 12.994 -1.010 14.004 NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 23 24 25 26 27 28 29 1.045 0 1.045 20.033 3.666 16.367 13.251 -592 13.843 23.803 4.671 19.132 20.567 3.138 17.429 -9.696 -12.549 2.853 37.589 15.155 22.434 41.103 8.685 32.418 42.805 9.760 33.045 50.328 20.012 30.316 TIME DEPOSITS LARGE NEGOTIABLE CD’S OTHER 27 28 29 30 31 32 33 132 0 0 -460 -62 817 1.068 -132 -11 104 -196 -31 -37 269 -150 -81 -57 258 1.009 -51 -31 -184 1.609 78 127 98 -3.282 340 624 855 1.061 -27 1.168 1.137 1.743 -200 1.216 8 3.291 85 CORPORATE EQUITIES CORPORATE BONDS SECURITY R.P.’S PROFIT TAX LIABILITIES 30 31 32 33 34 35 36 37 38 39 40 708 294 407 4 0 0 3 -378 -358 -60 106 0 0 -66 318 2 62 77 60 0 0 -81 997 66 -32 860 0 0 103 1 .590 867 47 706 0 0 -30 1.553 -3 -5 832 0 585 144 2.469 821 152 1.247 55 97 97 1.572 82 -296 1.288 '47 309 142 458 -369 1.942 -1.243 339 -392 181 2.085 -875 -723 2.570 137 -410 1.386 INTERBANK LIABILITIES F.R. FLOAT BORROWING AT F.R. BANKS DEM. DEP. OF FGN. BK. AGS. TIME DEP. OF FGN. BK. AGS. LOANS FROM AFFILIATES LOANS FROM FGN. BK. AGS. 34 35 36 37 38 39 40 41 42 43 1.468 233 1.235 1.809 265 1.544 4.C78 2.653 1.425 1.434 205 1.229 6.079 1.798 4.281 13.528 6.783 6.745 -5.630 -7.167 1.537 -3.243 -4.752 1.509 8.148 497 7.651 15.689 350 15.339 MISCELLANEOUS LIABILITIES LIAB. TO FOREIGN BRANCHES OTHER 41 42 43 44 766 -108 228 -363 -135 -275 -435 -1.051 -1.083 -1.559 MISCELLANEOUS ASSETS DISCREPANCY 22 44 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.531 3.946 585 -895 -992 97 195 -114 309 -634 -242 -392 1.292 1.702 -410 NET ACQ. OF FINANCIAL ASSETS BANK LOANS N.E.C. LOANS TO AFFILIATE BANKS 1 2 3 4 5 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.531 4.209 322 -895 -1.860 965 195 -376 571 -634 664 -1.298 1.292 2.244 -952 NET INCREASE IN LIABILITIES COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 4 5 6 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKFT PAPER 1 2 3 4 5 6 7 EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS 1 2 3 4 5 6 7 -59 95 16 0 -1 80 0 -196 192 67 14 0 111 0 704 368 -50 16 0 402 0 738 375 117 108 3 147 0 2.499 401 44 -51 1 407 0 2.698 1.332 21 2 0 1.309 0 7.674 2.672 -144 191 3 2.622 0 1.218 116 -234 -193 0 543 0 1.164 1.674 304 -33 297 1.106 0 9.871 3.894 91 29 35 3.739 0 8 9 10 11 12 13 8 32 4 0 3 -201 57 -263 106 0 -66 -222 63 62 60 0 -81 232 64 0 860 0 103 -664 66 0 706 0 -30 1.356 49 0 832 0 144 341 94 0 1.247 55 97 3.509 -17 0 1.288 47 142 -358 129 87 -1.243 339 181 -3 56 -436 2.570 137 1.386 2.264 14 15 16 17 18 -59 410 26 -12 -2 -196 -23 6 75 22 -10 704 -48 38 30 55 738 137 111 -11 -28 2.499 990 154 24 85 2.698 338 231 58 158 7.674 6.584 376 196 80 1.218 22 260 -122 1.641 1.164 -3.747 -462 2.543 844 9.871 -406 606 2.326 5.084 19 20 21 -481 -188 -293 -47 -193 146 629 289 340 529 498 31 1.246 520 726 1.913 1.153 760 438 228 210 -583 683 -1.266 1.986 436 1.550 2.261 713 1.548 CORPORATE EQUITIFS 8 SECURITY CREDIT 9 DEM. DEPOSITS AT COML. BANKS 10 TIME OEPOSITS AT COML. BANKS 11 LOANS TO BANKS 12 MISCELLANEOUS ASSETS 13 NET INCREASE IN LIABILITIES DEMAND DEP. IN MONEY STOCK TIME DEPOSITS DEPOSITS OF BANKS LOANS FROM BANKS MISCELLANEOUS LIABILITIES DUE TO FOREIGN AFFILIATES OTHER 14 15 16 17 18 19 20 21 BANKS IN U.,S. POSSESSIONS 1 2 3 4 5 6 7 8 9 -29 -29 -32 -19 -2 -5 -7 1 32 10 -29 MONEY AMOUNTS ARE IN 87 -7 91 -1 12 7 69 4 3 276 32 132 22 34 17 33 26 112 294 50 148 41 11 35 63 -2 96 252 23 85 16 35 11 35 -12 144 1.115 35 230 28 31 3 32 136 850 494 103 135 29 23 -15 120 -22 2 56 509 127 311 161 17 1 107 25 71 466 169 287 205 69 4 22 -13 10 473 286 109 -73 60 10 14 98 78 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE ♦ LOCAL OBLIGATIONS CORPORATE BONDS HOME MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 87 276 294 252 1.115 494 509 466 473 NET INCREASE IN DEPOSIT LIAB. MILLIONS OF DOLLARS 1 2 3 4 5 6 7 8 9 10 AUGUST 1974 NONBANK FINANCE SUMMARY NONRANK FINANCE SUMMARY 10 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL PLOWS, 1959 * 1965-73 ANNUAL FLOWS, 1959 ♦ 1965-73 II 1959 I, 1965 1966 1967 1968 1969 1970 1971 197? 1973 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 .721 451 1.402 439 1.561 522 1.278 657 171 1.104 -108 1.163 1.696 1.213 4.422 1.612 5.037 2.068 5.709 1 .991 1 2 28.457 34 -76 -69 42.5^5 404 -13 -71 39.591 -250 -40 -359 43.233 741 34 2?9 P2.400 909 -48 -16? 46.369 -417 -101 -104 55.199 978 244 53 84.867 1.079 15? 1 40 1C7.626 1.611 185 226 87.682 2.007 123 -44 3 4 5 6 3.346 24.398 1.257 1.688 4.482 9.748 2.557 2.501 1 .965 6.017 34.168 -143 -465 7.816 11.940 7.806 4.343 2.891 5.931 27.897 146 722 9.152 5.167 6.739 2.7C* 3.247 9.C26 27.506 -2.296 1.162 11.901 7.957 6.732 1.480 640 10.742 36.585 2 .CCC 1.196 9.904 8 .622 7.235 3.827 3.799 12.170 37.097 -2.19? 1.027 7.384 8.606 7.577 4.789 9.906 11.294 39.803 2.826 1.796 11.624 7.565 10.074 1.822 3.086 19.28? 6C.C69 2.606 4.366 12.941 17.765 14.^88 3.283 3.518 15.5C5 82.816 7.1C6 5.093 13.206 20.667 16.770 6.440 3.534 13.390 72.243 942 3.576 10.865 26.477 15.410 9.043 5.930 7 8 9 10 11 12 13 14 15 3 183 640 376 165 1.459 -36 249 2.199 3.214 278 2.114 2.841 300 1.254 -3.527 422 829 -1.288 472 3.643 2.519 291 1.354 3.924 1.181 1.678 -4.560 658 3.865 16 17 18 26.849 8.416 10.874 1.900 41.530 13.095 15.594 3.306 36.146 6.934 IP.070 3.758 45.044 16.959 16.238 3.067 53.149 12.702 18.785 6.464 49.180 7.927 19.667 6.146 54.977 16.982 21.813 4.467 82.228 40.451 24.817 2.682 103.545 46.129 27.098 1 .258 82.288 28.118 29.511 -404 19 20 21 22 1 CURRENT SURPLUS 2 PHYSICAL INVESTMENT 3 NET ACC. OF FINANCIAL ASSETS 4 DEMAND DEPOSITS ♦ CURRENCY 5 TIME DEPOSITS (MSB) S + L SHARES (CREDIT UNION) 6 7 8 c 10 11 12 13 14 15 CORPORATE SHARES CREOIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES S. ♦ L. OBLIGATIONS CORPORATE + FOREIGN BONDS HOMF MCRTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS 16 17 18 SECURITY CREDIT TRADE CRFDIT MISCELLANEOUS ASSETS 19 NET INCREASE IN LIABILITIES 20 TIME ♦ SAVINGS ACCOUNTS 21 INSURANCE + PENSION RESERVES 22 CORPORATF ECUITIFS (1) 23 24 25 26 27 28 29 30 CREDIT MARKFT INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS OPEN-MARKET PAPER FHLB LOANS 3.039 1.118 132 C 1.055 1.534 698 636 6.045 1.890 -41 0 2.338 1.858 1.186 672 3.199 760 -928 C -1.091 4.456 3.520 938 -485 1.033 987 0 -1.984 -521 2.028 -2.549 7.099 811 19? 2CC 2 .445 3.451 2.578 873 12.977 1.662 6 230 2.14? 8.937 4.907 4.030 4.686 3.049 623 116 -601 1.499 '73 1. ->26 6.163 4.204 1.951 134 ) .?97 -1.523 1.156 -2.679 15.942 5.615 1.180 460 5.9)9 2.548 2.505 43 20.971 2.327 -1.533 320 8.405 11.452 4.284 7.168 23 24 25 26 27 28 29 30 31 32 33 SECURITY CRFDIT TAXES PAYAPLE MISCELLANEOUS LIABILITIES 39 149 1.632 360 159 2.971 839 -14 3.360 3.169 -112 4.20e 3 .454 211 4.434 -3.026 108 5.381 980 221 5.828 1.149 -127 6.093 4.114 207 8.797 -3.444 126 7 .408 31 32 33 -338 -12 1.594 2.452 -184 1.540 261 -49 -1.032 -1.676 34 34 DISCREPANCY SAVINGS AND LOAN ASS OCIATIONS 1 CURRENT SURPLUS 2 NET ACO. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS ♦ CURRENCY 4 CPFDIT MARKET INSTRUMENTS 5 U.S. GOVERNMENT SECURITIES 6 HOME MORTGAGES 7 OTHER MCRTGAGES CONSUMER CREDIT 8 9 MISCELLANEOUS ASSETS 10 NET INCREASE IN LIABILITIES SAVINGS SHARES 11 12 CREOIT MARKET INSTRUMENTS 13 MORTGAGE LCANS IN PROCESS 14 BANK LOANS N.E.C. 15 FHLB ADVANCES TAXES PAYABLE 16 17 MISCELLANEOUS LIABILITIES 16 DISCREPANCY 634 965 °2G 937 1.049 1.015 957 1.196 1.490 1.780 1 8.391 -172 8.3«52 754 6.645 869 124 171 10.225 39 9.577 534 7.053 1.920 70 609 4.59* -526 4.181 387 2.858 °05 31 930 9.743 -315 9.199 1.582 6.030 1.490 97 859 9.709 -426 10.217 727 7.233 2.117 140 -82 9.335 -181 9.946 279 7.674 1.815 178 -430 14.107 255 11.645 1.154 7.150 3.022 319 2.207 29.840 516 29.232 5.205 17.305 6.614 108 92 37.104 601 36.409 4.280 24.774 7.158 197 94 29.231 594 27.133 3 21.992 4.920 218 1.504 2 3 * 5 6 7 8 9 7.643 6.607 1 .074 132 106 9.420 8.49e 805 -41 174 3.992 3.584 83 -026 73 8 .940 7.386 1.132 192 67 672 938 I 161 3 114 -44 369 24 398 8.422 3.920 4.104 6 68 4.030 6 392 13.344 10.866 1.845 623 -104 1.326 16 617 28.959 27.793 -66 1.951 662 -2.679 59 1.173 35.**»6 32.567 1.960 1.180 737 636 9.293 10.6*8 -1.702 987 -140 -2.549 -3 350 26 903 27.363 20.490 5.962 -1.533 327 7.168 36 875 10 11 12 13 14 15 16 17 e6 160 318 487 280 102 194 315 -158 -88 18 8 73 43 MUTUAL SAVINGS BANKS 192 263 170 106 165 250 285 425 448 566 1 1.481 8 -78 3.994 26 -13 2.750 -24 -40 5.383 6 34 4.608 51 -48 3.054 24 -101 4.716 107 244 10.374 -33 152 11.012 70 165 5.962 186 123 2 3 4 CCRPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS -49 1 .648 -171 -7 -12 8 167 3.715 -271 -71 -127 41 2.647 -507 -69 287 219 4.975 -346 -32 2.075 251 4.087 -191 -25 1.312 238 2.942 -510 6 332 333 3.768 302 4 1.201 475 9.553 892 193 3.883 617 9.769 1.403 483 2.136 361 5.011 -492 48 -1.092 5 6 7 8 9 HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT COMMERCIAL PAPER SECURITY RP'S MISCELLANEOUS ASSFTS 1.348 520 34 52 0 -48 2.670 1.391 125 -2 0 99 1.60° 1.111 11^ 102 0 126 1.794 1.359 130 -5 0 149 1.423 1.364 131 -34 107 267 1.396 1.286 116 87 229 -49 934 911 90 220 106 264 1.299 2.731 100 237 218 227 3.009 2.569 281 -244 132 371 2.597 3.078 231 -76 717 281 10 11 12 13 14 15 1.237 86 3.594 135 2.563 -11 5.115 147 4.207 112 2.579 213 4.434 96 9.861 120 10.172 215 4.734 596 16 17 34 -2 -28 -15 -104 -12 99 32 -177 -66 18 1 CURRENT SURPLUS 2 NET ACO. OF FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY 3 4 TIME DEPOSITS 5 6 7 8 9 10 11 12 13 14 15 16 SAVINGS DEPOSITS 17 MISCELLANEOUS LIABILITIES IB DISCREPANCY CREDIT UNIONS 1 NET ACO. OF FINANCIAL ASSETS DEMAND DEPCSITS ♦ CURRENCY 2 SAVINGS ♦ LOAN SHARES 3 4 CREDIT MARK. T INSTRUMENTS 5 U.S. GCV NMENT SECURITIES HOME MORTGAGES 6 7 CONSUMER CREDIT 572 -33 -69 674 10 52 612 1.C03 30 -71 1.04* 27 33 984 767 34 -359 1.112 12«J 53 9?C 1.196 100 230 866 82 35 740 1.109 -7 -183 1.299 -37 39 1.297 1.428 -39 -104 1.571 -181 24 1.728 1.682 164 53 1.465 438 69 958 2.897 125 140 2.632 801 47 1.784 3.390 78 226 3.086 790 153 2.143 2.894 1 -44 2.937 241 0 2.696 1 2 3 4 5 6 7 8 CRFDIT UNION SHARES 572 1.003 787 1.196 1.109 1.428 1.682 2.897 3.390 2.894 8 (1) INCLUDES INVESTMENT COMPANY SHARES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST 1974 INSURANCE + PENSION FUNDS INSURANCE + PENSION FUNOS 11 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 + 1965-73 1 1 1959 || 1965 1966 1967 1968 1969 1970 1971 1972 1973 LIFE INSURANCE COMPANIES 1 2 783 451 969 439 1.099 522 841 637 609 749 898 816 774 966 1.022 1.408 1.597 963 1.756 1.259 3 4 5.550 -56 8.724 14 8.246 29 8.679 28 9.778 124 9.215 -49 9.936 124 12.681 5 14.999 218 16.617 90 5 6 7 8 9 10 11 12 13 14 192 5.044 -290 530 2.210 1.209 926 25 434 370 708 7.532 -429 -278 2.78 7 1.064 3.797 52 539 470 268 7.713 -382 -376 2.352 644 3.952 83 1.440 236 1.017 7.365 -282 -138 3.844 -470 3.377 93 941 269 1.357 7.680 -76 213 3.868 -733 3.192 -29 1.245 617 1.705 6.697 -308 15 1.511 -1.066 3.118 907 2.520 862 1.984 7.007 87 85 1.471 -1.288 3.636 777 2.239 821 3.640 8.118 -155 57 5.466 -2.072 3.193 628 1.001 918 3.500 10.274 314 4 6.989 -2.138 3.961 211 933 1.007 3.557 12.053 72 45 5.851 -466 4.327 23 2.201 917 15 16 17 18 19 5.614 3.312 1.975 86 241 7.922 4.691 2.075 -20 1.176 7.964 4.587 2.100 60 1.217 9.107 4.983 2.600 -111 1.635 9.180 4.635 2.925 162 1.458 9.323 4.912 2.925 55 1.431 10.220 5.136 3.275 112 1.697 13.336 6.101 5.175 -70 2.130 15.316 6.491 5.950 15 2.860 15.131 7.209 5.150 36 2.736 20 396 -272 295 632 -738 190 92 269 951 -989 CURRENT SURPLUS PHYSICAL INVESTMENT 1 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 3 4 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGFS OPEN-MARKET PAPER POLICY LOANS MISCELLANEOUS ASSETS 5 6 7 8 9 10 11 12 13 14 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES TAXES PAYABLE MISCELLANEOUS LIABILITIES 15 16 17 18 19 DISCREPANCY 20 PRIVATE PENSION FUNDS 1 2 3.661 39 5.534 49 7.157 -41 6.562 419 6.405 273 6.342 27 7.137 185 7.256 -163 6.799 216 7.737 439 3 4 5 6 7 8 1.743 1.732 242 1.243 247 147 3.124 2.080 5 1.497 578 281 3.676 2.624 -491 2.528 587 898 4.562 744 -552 1.124 172 837 4.718 1.062 433 645 -16 352 5.382 609 -153 613 149 324 4.566 2.371 236 2.053 82 15 8.915 -1.564 -296 -653 -615 68 7.065 -533 958 -806 -685 51 5.290 1.953 638 1.605 -290 55 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS HOME MORTGAGES MISCELLANEOUS ASSETS 1 2 3 4 5 6 7 8 STATE + LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS 1 2 1.926 -23 3.294 6 4.2 26 51 *.093 91 4.820 143 5.488 -128 6.265 122 6.285 99 7.858 99 9.415 168 3 4 5 6 7 8 9 10 75 1.874 470 441 29 288 860 256 352 2.936 234 123 111 -275 2.301 676 488 3.687 122 -38 160 -144 2.939 770 670 3.332 -817 -950 133 -75 3.737 487 1.317 3.360 381 -244 625 -24 2.644 359 1.788 3.828 -328 -484 156 -51 3.585 622 2.137 4.006 -305 -314 9 -299 3.785 825 3.185 3.001 -1.555 -1.208 -347 95 4.ie5 276 3.462 4.297 -613 -516 -97 -9* 5.325 -321 3.922 5.325 113 -134 247 -618 5.936 -106 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY 1 2 3 CORPORATE SHARES 4 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES 5 DIRECT 6 AGENCY ISSUES 7 8 STATE + LOCAL OBLIGATIONS 9 CORPORATE BONDS 10 MORTGAGFS OTHER INSURANCE: COMPANIES 1 2 07 -96 494 424 135 -97 799 1.780 2.046 1.886 CURRENT SURPLUS 1 2 3 1.744 —8 1.229 -75 2.120 8 1.991 -44 3.062 77 2.934 -41 5.450 111 6.616 77 7.853 31 5.607 -22 NET ACC. OF FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY 2 3 4 5 6 7 8 9 10 267 1.302 265 990 61 -14 183 87 1.052 6 379 645 22 165 391 1.472 -399 1.299 571 1 249 335 1.422 -688 1.386 705 19 278 755 1.930 -241 992 1.171 8 300 979 1.574 -486 1.244 809 7 422 984 3.883 81 1.452 2.305 45 472 2.471 3.777 -396 3.910 285 -22 291 2.957 3.684 -368 4.816 -722 -42 1.181 2.170 2.801 -100 3.883 -965 -17 658 11 12 13 14 1.258 135 -21 1.144 1.687 85 56 1.546 1.868 81 2 1.785 2.188 110 2 2.076 2.691 247 -22 2.466 3.945 549 51 3.345 3.876 393 65 3.418 4.054 599 -115 3.570 5.395 456 120 4.819 3.666 452 13 3.201 15 -2 79 362 242 621 -236 914 -775 -782 -412 -55 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 4 CORPORATE SHARES 5 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES 6 STATE ♦ LOCAL OBLIGATIONS 7 CORPORATE BONDS 8 9 COMMERCIAL MORTGAGES 10 TRADE CREOIT NET INCREASE IN LIABILITIES CORPORATE EQUITIES TAXES PAYABLE POLICY PAYABLES 11 12 13 14 DISCREPANCY 15 AUGUST 1974 FINANCE N.E.C. FINANCE N.E.C. 12 SECTOR STATEMENTS Oc SAVING AND INVESTMENT ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 + 1965-73 I I || 1959 CURRENT SURPLUS OF GROUP -95 1<5C5 -699 196? 1966 1967 -1.12? -1.O3C 1 .807 1°6° 1970 -2.179 -1.119 -1 -544 -279 1 1971 1972 1973 FINANCE COMPANIES 1 NET ACQ. OF FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 HOME MORTGAGES A CONSUMER CRECTT 5 OTHFR LOANS (TO EUSINESS) 6 NET INCRFASF TN LIABILITIES CORPORATE BCNDS 7 8 BANK LOANS N.E.C. 9 OPEN-MARKFT PAPER TAXES PAVAFLE .0 3.611 211 247 1.731 1 .922 5.863 192 542 3.164 1 .965 2.201 152 -564 1.62c 1.07£- 650 99 396 504 -240 5.210 77 641 ?.259 ? .233 8.133 116 281 2.767 4.969 935 233 141 455 106 £.396 284 1.053 1.291 1.768 11.020 262 4.13? 3.815 2.807 10.38? 246 1.372 5.898 2.866 1 2 3 4 5 2.765 1.118 94 9 698 66 5.240 1.890 2.164 1.186 87 3.116 760 -1.169 3.5 2C -3£ 1.2)7 1.033 -1.84A 2.C2E -56 5.701 811 2.312 2.578 -1 8.337 1.567 1.863 4.907 48 1.591 2.544 -1.12 6, 173 28 4.170 3.788 6 376 9 9.333 5.441 3 .847 46 21 9.419 1.777 4.093 3.549 55 6 7 8 9 10 FEAL ESTATE INVFSTMEN'T TRUSTS 1 PHYSICAL INVESTMENT MULTI-FAMILY STRUCTURES 2 3 NONRESIDENT!AL STRUCTURES C 0 0 0 0 C> 0 0 0 c c 0 355 118 237 34? 114 233 247 E3 164 404 134 270 1.125 371 754 732 241 491 1 2 3 4 NET ACO. OF FINANCIAL ASSETS 5 HOME MORTGAGES MULTI-FAMILY MORTGAGES 6 7 COMMERCIAL MCRTCAC-ES MlSCELLANFOUS ASSFT* E 0 0 0 0 0 0 0 0 0 0 0 0 c 0 0 0 0 c 0 0 330 35 75 120 100 oco 14E 318 411 12? 2.4AE 477 620 1.018 336 2.56? 748 742 1 .054 49 5.022 1 .4-22 1.179 2.?66 155 9.568 1.272 720 2.488 1.108 4 5 6 7 8 q NET INCREASE IN LIABILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c 0 0 0 0 c 0 6E5 419 266 200 65 135 1.346 810 536 230 76 154 2.665 1.445 1.250 116 39 77 2.997 938 2.059 134 45 89 6.147 1.498 4.649 480 158 322 6.320 730 5.590 320 105 215 9 10 11 12 13 14 0 0 0 0 c» 0 0 0 0 0 0 0 0 66 0 95 211 0 505 629 0 416 729 780 374 1.335 2.460 550 3 .985 735 15 16 17 0 0 o 0 0 0 0 0 0 0 18 10 11 12 13 14 15 16 17 If CORPCRATE EQUITIES CREDIT MARKET INSTRUMENTS MORTGAGES MULTI-FAMILY RESIDENTIAL COMMERCIAL CORPORATF BONDS BANK IOANS N.E.C. OPEN-MAFKET PAPER MISCELLANEOUS LIABILITIES OPEN--END INVESTMENT COMPANIES -345 -1.071 -1.199 -1.467 -2.201 —2.228 -946 -562 -1.095 -633 1 2 NET ACC. CF FINANCIAL ASSETS 3 DEMANO CEPOSITS + CURRENCY 1 .420 39 2.150 °3 ?.£*? -6 1.6V0 191 3.597 122 2.559 -67 1.683 -10 583 139 -1.791 47 -2.219 297 2 3 4 5 6 7 8 1 .038 343 155 1 56 32 1.271 786 64 405 337 9 5? 1.539 626 361 54F 1.851 -512 -516 44 -40 2.5?7 948 222 449 277 -668 178 1.194 1.160 51? 175 700 -362 445 -1 -291 624 -334 —1.8?1 -1? 130 158 -305 -2.314 -202 471 -872 199 4 5 6 7 8 1.76 8 3.221 3.677 2.957 5.798 4.787 2.629 1.145 -696 -1.586 9 1 CURRENT SURPLUS CORPORATE SHAPES CREDIT MARKFT INSTRUMENTS U.S. GOVERNMENT SECURITIES COFPORATE PONDS OPEN-MAFKET PAPER 9 NET SHARE ISSUES 904 SECURITY EROKFRS AMD DEALERS 1 NET ACQ. OE FINANCIAL ASSETS DEMAND CEPOSITS + CURRENCY 2 3 4 5 6 7 8 CORPORATE SHARES CRFDIT MARKFT INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LTCAL OBLIGATIONS CORPORATE BONDS SFCURITY CREDIT 9 NET INCREASF IN LIABILITIES 10 SECURITY CREDIT FROM BANKS 11 12 CUSTOMER CREDIT BALANCES 13 TAXES PAYABLE MONEY AMOUNTS ARE IN MILLICNS OF DOLLARS 101 29 4f 9 30 938 73 80 -11 -178 87 80 3 308 -225 -293 -240 308 276 114 787 661 12 114 -36 56 39 218 -179 17 393 360 -^66 506 33 841 839 625 214 2 3.772 £75 -3.118 -79 840 -313 1.366 30 4.260 -11 -3.532 8 1 2 372 -346 -750 41 372 3.21£ -183 639 782 42 -185 2 .841 3C>6 132 -37 -187 356 —3.527 11O 2.331 1.668 559 109 -i.2et. 152 -1.335 -1 .599 113 151 2.519 125 222 212 -116 126 3.924 ftO4 616 -4 218 £02 -4.56.0 3 4 5 6 7 8 3.225 3.169 R?0 ?.349 56 3.502 3.454 1.033 2.421 48 -3.078 -3.026 -1.006 -2.02C -52 980 980 1.93? -95? 0 1.135 1.149 652 497 -10 4.139 4.114 3.525 189 25 -3.£56 -3.£44 -3.205 -239 -12 9 10 11 12 13 3.446 206 AUGUST 1974 REST OF THE WORLD REST OF THE WORLD SECTOR STATEMENTS OF SAVING AND INVESTMENT 13 ANNUAL FLOWS, 1959 + 1965-73 II 1959 ,, 1965 ANNUAL FLOWS, 1959 ♦ 1965-73 1966 1967 1968 1969 1970 1971 1972 1973 REST OF THE WORLD 1 2 3 4 5 134 23.476 23.342 2.424 2.290 6.901 39.196 32.295 2.834 -4.067 5.280 43.360 38.C80 2.833 -2.447 5.213 46.203 40.990 2.970 -2.243 2.489 50.623 48.134 2.875 386 1.910 55.502 53.592 2.945 1.035 3.629 62.918 59.289 3.215 -414 -170 65.450 65.620 3.647 3.817 -6.007 72.419 78.426 3.798 9.805 3.943 100.350 96.407 3.876 -67 6 7 8 9 10 1.879 4.646 1.075 134 -8 39 -3.787 1.856 1.665 124 591 -1.999 3.297 571 403 310 -1.195 7.576 1.170 330 1.238 872 8.483 1.173 587 -302 3.377 10.291 -967 288 1.109 791 5.926 803 188 -1.704 13.593 22.703 1.334 284 547 11.563 19.714 554 1.522 2.737 2.109 17.436 9 2.514 2.889 NET FINANCIAL INVESTMENT 6 NET ACQ. OF FINANCIAL ASSETS 7 GOLD + SDR’S (1) 8 U.S. DEM. DEP. + CURRENCY 9 10 U.S. TIME DEPOSITS 11 12 13 14 15 351 2.875 3.017 -56 -86 -400 57 -158 -147 362 -305 -1.565 -2.415 620 230 698 1.99e 2.091 -128 35 2.097 295 -471 187 579 1.565 -283 -1.813 536 994 697 10.270 9.112 671 487 836 26.415 26.302 272 -159 2.268 8.403 8.402 63 -62 2.758 738 340 97 301 U.S. CORPORATE SHARES CREOIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS (2) ACCEPTANCES 11 12 13 14 15 16 17 -12 164 42 136 17 459 136 367 325 921 -202 776 -85 1.389 -38 84 55 771 -33 986 SECURITY CREDIT TRADE CREDIT 16 17 18 898 -359 3.407 1.639 3.387 8.005 -5.632 -6.759 3.404 7.575 19 20 21 45 238 615 72 56 -487 2.942 87 378 703 258 678 2.318 320 749 7.936 832 -763 -6.939 1.030 277 -4.069 -116 -2.574 933 383 2.088 1.063 2.537 3.975 MISCELLANEOUS ASSETS U.S. BANK LIABILITIES TO FOREIGN AFFILIATES DIR. INVESTMENT IN U.S. OTHER 19 20 21 NET U.S. EXPORTS U.S. EXPORTS U.S. IMPORTS TRANSFER RECEIPTS FROM U.S. CURRENT ACCOUNT BALANCE (U.S. BALANCE, SIGN REVERSED) 1 2 3 4 5 18 22 2.767 5.643 5.296 8.771 7.611 6.914 5.135 9.110 8.151 15.327 23 39 443 3 1.118 2.053 287 -2.541 -1.731 -155 -200 NET INCREASE IN LIABILITIES U.S. OFF. FGN. EXCHANGE + NET IMF POSITION 23 24 25 26 27 28 195 639 473 223 -57 298 2.416 460 502 1.454 -2 53 1.772 735 -182 1.219 50 3.978 1.216 -267 3.029 155 2.674 1.084 -464 2.054 467 3.215 1.028 -237 2.424 68 2.671 874 -337 2.134 27 4.617 940 1.562 2.115 -412 4.698 1.026 2.914 758 -200 7.728 991 2.802 3.935 FOREIGN CORPORATE SHARES CREDIT MARKET INSTRUMENTS CORPORATE BONDS BANK LOANS N.E.C. OTHER LOANS 24 25 26 27 28 29 30 10 83 28 -56 9 333 170 515 210 399 -230 821 1 963 33 526 84 467 -181 1.877 SECURITY DEBT trade DEBT 29 30 31 32 33 34 35 1.801 0 -13 1.372 442 2.514 61 -387 3.277 -437 3.432 0 370 3.029 33 2.940 83 -69 2.690 236 2.120 137 480 1.079 424 2.354 184 -462 2.243 389 3.973 235 503 3.599 -364 5.638 252 1.352 3.782 252 3.469 270 3.578 1.515 -1.894 6.303 348 4.798 3.649 -2.492 MISCELLANEOUS LIABILITIES USG EOUITY IN IBRD, ETC. FGN. CURR. HELD IN U.S. U.S. DIR. INV. ABR0AD(2) OTHER 31 32 33 34 35 36 411 -280 -448 -1.048 -486 -2.342 -1.205 -9.776 -1.758 -2.176 DISCREPANCY (1) CONSISTS ONLY OF NET PURCHASES FROM U.S. EXCLUDES ACQUISITIONS FROM OTHER SOURCES. (2) NET OF U.S. SECURITY ISSUES IN FOREIGN MARKETS TO FINANCE U.S. INVESTMENT ABROAD. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 22 36 AUGUST 1974 MCNFTAPY AND INSURANCE RESERVES MONETARY ANC INSURANCE RESERVES GOLD, OFFICIAL FOREIGN EXCHANGE, TREASURY CURRENCY, AND INSURANCE RESERVFS 14 ANNUAL FLOWS, 1959 ♦ 1965-73 ANNUAL FLOWS, 1959 + 1965-73 II 1959 || 1965 1968 1967 1966 1969 1971 1970 1972 1973 GOLD AND OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) 1 TOTAL U.S. RESERVES -1.036 -1.222 -568 -52 880 1.254 -3.344 -3.065 -709 -209 1 2 U.S. GOLD STOCK AND SDR'S U.S. GOVT.—EX. STAB. FUND 3 4 MONETARY AUTHORITIES (2) -1.075 3 -1.078 -1.665 -10 -1.655 -571 3 -574 -1.170 -1.177 -1.173 442 -1.615 967 967 0 -803 -1.159 356 -1.334 -743 -591 -554 -10 -544 -9 -9 0 2 3 4 39 443 3 1.118 2.053 287 -2.541 -1.731 -155 -200 5 0 0 0 349 15 334 540 294 246 1.024 295 729 1.183 726 457 -747 -653 -94 -2.152 -442 -1.710 -381 -141 -240 -35 -210 175 -233 -45 -188 6 7 8 39 66 -27 94 98 -4 -537 -529 —8 94 97 -3 870 868 2 1.034 1.037 -3 -389 -375 -14 -1.350 -1.349 -1 -120 -118 -2 33 35 -2 9 10 11 490 47P 12 533 666 -153 422 403 19 1 2 3 5 U.S. FOREIGN EXCHANGE POSITION 6 7 8 9 10 11 OFFICIAL FGN. CURRENCY HLDGS TREASURY MONETARY AUTHORITIES NET IMF POSITION U.S. GOVERNMENT ASSET MONETARY AUTHORITIES 7 TREASURY CURRENCY AND SDR CERTIFICATES 1 TOTAL U.S. GOVT. LIABILITY 2 MONETARY AUTHORITIES ASSET 3 UNALLOCATED ASSETS 39 77 -38 234 170 64 899 742 157 683 467 216 416 167 249 272 53 219 622 701 -79 INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES: 1 NET CHANGE IN LIABILITIES U.S. GOVERNMENT 2 3 LIFE INSURANCE COMPANIFS 3.421 109 3.312 4.825 134 4.691 4.694 107 4.587 5.063 80 4.983 4.621 -14 4.635 4.978 66 4.912 *'.242 106 5.136 6.172 71 6.101 6.560 69 6.491 7.277 68 7.209 1 2 3 4 NET CHANGE TN ASSETS (HH) 3.421 4.825 4.694 5.063 4.621 4.978 5.242 6.17? 6.560 7.277 4 8.446 884 7.562 1.975 3.661 1.926 12.218 1.315 10.903 2.075 5.534 3.294 14.736 1.253 13.483 2.100 7.157 4.226 14.570 1.315 13.255 2.600 6.562 4.093 15.486 1.336 14.150 2.925 6.405 4.820 16.274 1.519 14.755 2.925 6.342 5.488 19.058 2.381 16.677 3.275 7.137 6.265 21.559 2.843 18.716 5.175 7.256 6.285 23.760 3.153 20.607 5.950 6.799 7.858 24.359 2.057 22.302 5.150 7.737 9.415 5 6 7 8 9 10 8.446 12.218 14.736 14.570 15.486 16.274 19.058 21.559 23.760 24.359 11 5 6 7 8 9 10 PFNSION FUND RESERVES: NET CHANGE IN LIABILITIES U.S. GOVERNMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. + L. GOVT., RTR. FUNDS 11 NET CHANGE IN ASSETS (HH) INTERBANK CLAIMS 129 324 2.294 2.765 3.645 1.952 4.457 5.582 ^.985 7.864 1 2 3 MONET. AUTH.—MEM. BANK RES. —VAULT CASH -330 -237 361 319 1.347 599 1.298 481 767 1.264 226 115 2.065 -273 3.638 494 -2.141 1.125 1.413 2.040 2 3 4 5 6 7 8 9 10 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS TO MONETARY AUTHORITIES LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. DEM. DEP. OF FGN. BK. AG TIME DFP. OF FGN. BK. AG 696 708 701 0 3 4 0 -356 -378 -418 0 -66 106 0 348 318 339 0 -81 60 0 986 997 34 0 103 860 0 1.614 1.590 914 0 -30 706 0 1.611 1.553 -8 585 144 832 0 2.665 2.469 973 97 97 1.247 55 1.450 1.572 -214 309 142 1.288 47 3.001 458 1.573 -392 181 -1.243 339 4.411 2.085 -1.598 -410 1.386 2.570 137 4 5 6 7 8 9 10 11 FOREIGN BANKING AGENCIES— DEPOSITS OF BANKS -12 22 30 -11 24 58 196 -122 2.543 2.326 11 129 324 2.294 2.765 3.645 1.952 4.457 5.582 1.985 7.864 12 701 294 407 -418 -358 -60 339 262 77 34 66 -32 914 867 47 -8 -3 -5 973 821 152 -214 82 -296 1.573 -369 1.942 -1.598 -875 -723 13 14 15 -572 -579 -330 -237 -12 742 702 361 319 22 1.955 1.976 1.347 599 30 2.731 1.768 1.298 481 -11 2.731 2.055 767 1.264 24 1.960 399 226 115 58 3.484 1.988 2.065 -273 196 5.796 4.010 3.638 494 -122 412 1.527 -2.141 1.125 2.543 9.462 5.779 1.413 2.040 2.326 16 17 18 19 20 0 0 0 1 NET CHANGE IN LIABILITIES 12 NET CHANGE IN ASSETS 13 14 15 MONETARY AUTHORITIES F.R. FLOAT LOANS TO MEMBER BANKS 16 17 18 19 20 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS MEMBER BANK RESERVES VAULT CASH DEPOSITS AT FGN. BK. AG. BANK AFFILIATES—LOANS TO AFFILIATE BANKS 21 7 40 22 FOREIGN BANKING AGFNCIES -21 60 4 DEMAND DEPOSITS AT BANKS 106 23 0 24 0 0 TIMF DEPOSITS AT BANKS -66 -81 25 LOANS TO BANKS 3 (1) LINES 1+2 EXCLUDE INITIAL ALLOCATION OF SDR1'S OF $867 MILLION IN JANUARY 1970, $717 MILLION IN JANUARY 1971, AND $710 MILLION IN JANUARY 1972. TRANSACTIONS IN SDR’S ARE IN LINE 2. ALSO EXCLUDED FROM THE TABLE ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD, SDR’S, AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS APE INCLUDED IN TABLES ON OUTSTANDINGS. (2) TREASURY GOLD STOCK. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 0 0 585 97 309 -392 -410 21 963 860 0 103 676 706 0 -30 976 832 0 144 1.399 1.247 55 97 1.477 1.288 47 142 -723 -1.243 339 181 4.093 2.570 137 1.386 22 23 24 25 AUGUST 1974 MONEY ANO DEPOSITS SUMMARY MONEY AND DEPOSITS SUMMARY 15 MONEY STOCK AND TTME AND SAVINGS ACCOUNTS ANNUAL FLOWS, 1959 «■ 1965-73 I I 1959 || 1965 ANNUAL FLOWS, 1959 ♦ 1965-73 1966 1967 1968 1969 1970 1971 1972 1973 DEMAND DEPOSITS AND CURRENCY 1 1.914 7.268 3.905 14.997 14.777 8.207 14.277 17.403 19.550 15.962 2 3 4 5 6 7 8 9 1.260 1.126 2.462 -2.521 1.694 37 -546 134 8.257 8.133 7.676 411 -382 382 46 124 4.274 3.871 3.854 318 848 -215 -934 403 13.880 13.550 11.200 1.632 1.158 794 -1.234 330 16.013 15.426 12.312 1.914 -215 935 480 587 7.649 7.361 1.531 2.691 1.413 -333 2.059 288 11.775 11.587 11.173 1.052 -2.854 1.044 1.172 188 14.275 13.991 10.964 647 1.022 1.260 98 284 19.950 18.428 11.843 155 1.542 1.732 3.156 1.522 17.470 14.956 13.054 -270 -312 2.391 93 2.514 NET CHANGE IN ASSETS MONEY STOCK DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS S. + L. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT REST OF THE WORLD 1 2 3 4 5 6 7 8 9 10 654 -989 -369 1.117 -1.236 558 2.502 3.128 -400 -1.508 11 12 13 14 15 1.914 563 -146 74 635 7.268 2.046 -4 -68 2.118 3.905 2.346 164 2C4 1.978 14.997 2.978 875 -9 2.112 14.777 1.501 -1.012 81 2.432 8.207 3.262 514 -100 2.848 14.277 3.068 -382 -31 3.481 17.403 4.408 897 119 3.392 19.550 3.210 -1.106 -96 4.412 15.962 3.374 -498 -69 3.941 NET CHANGE IN BKG. SYSTEM LIAB MONETARY AUTHORITIES U.S. GOVT. CASH ♦ DEPOSITS FOREIGN DEPOSITS CURRENCY 11 12 13 14 15 16 17 18 19 1.351 800 60 491 5.222 -985 192 6.015 1.^59 -533 199 1.893 12.019 242 339 11.438 13.276 -224 506 12.994 4.945 44 388 4.513 11.209 2.884 219 8.106 12.995 2.231 165 10.599 16.340 706 1.618 14.016 12.588 -1.010 2.583 11,015 COMMERCIAL BANKING U.S. GOVERNMENT DEPOSITS FOREIGN DEPOSITS PRIVATE DOMESTIC 16 17 18 19 U.S. GOVERNMENT DEPOSITS 10 TIME DEPOSITS AND SAVINGS ACCOUNTS 1 9.487 33.203 20.223 40.873 33.423 -1.538 54.947 81.914 88.472 79.052 2 3 4 5 1.071 0 1.045 26 20.108 3.666 16.367 75 13.289 -592 13.843 38 23.914 4.671 19.132 111 20.721 3.138 17.429 154 -9.465 -12.549 2.853 231 37.965 15.155 22.434 376 41.363 8.685 32.418 260 42.343 9.760 33.045 -462 50.934 20.012 30.316 606 6 7 8 9 10 ll 2.840 -400 -410 -42 -78 -839 14.856 2.322 2.374 -22 -13 591 13.163 -1.390 1.276 -30 -40 310 18.086 2.079 2.430 47 34 1.238 17.378 374 3.218 101 -48 -302 —2.022 -2.404 -5.890 -157 -101 1.109 27.473 1.695 10.005 252 244 -1.704 29.839 3.600 7.159 66 152 547 29.457 3.110 6.777 77 185 2.737 39.511 1.354 7.224 -167 123 2.889 12 13 14 15 16 17 8.416 1.237 572 6.607 6.676 -69 13.095 3.594 1.003 8.498 8.569 -71 6.934 2.563 787 3.584 3.943 -359 16.959 5.115 1.196 10.648 10.418 230 12.702 4.207 1.109 7.386 7.569 -183 7.927 2.579 1.428 3.920 4.024 -104 16.982 4.434 1.682 10.866 10.813 53 40.551 9.861 2.897 27.793 27.653 140 46.129 10.172 3.390 32.567 32.341 226 28.118 4.734 2.894 20.490 20.534 -44 18 11.325 28.022 20.456 34.815 30.263 6.009 44.402 70.250 75.360 67.673 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. NET CHANGE - TOTAL 1 CCMMERCIAL BANKING LIABILITY 2 LARGE NEGOTIABLE CD'S 3 4 OTHER AT COMMERCIAL BANKS 5 AT FOREIGN BANKING AGS. ACQUIRED BY: HOUSEHOLDS 6 CORPORATE BUSINESS 7 STATE ♦ LOCAL GOVERNMENTS 8 9 U.S. GOVERNMENT MUTUAL SAVINGS BANKS 10 FOREIGN 11 AT SAVINGS INSTITUTIONS MUTUAL SAVINGS BANKS CREDIT UNIONS SAVINGS ♦ LOAN ASSNS. HELD 8Y: HOUSEHOLDS CREDIT UNIONS MEMO: TOTAL OF HOUSEHOLDS TIME ♦ SAVINGS ACCOUNTS 12 13 14 15 16 17 18 AUGUST 1974 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 16 U.S. GOVERNMFNT SECURITIES MARKET SUMMARY ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 + 1965-73 I I 1959 || 1965 1966 8.969 7.423 -1.796 9.219 3.658 1.301 635 666 1.546 0 -649 2.195 9 NET ACQUISITIONS, EY SECTOR 10 U.S. GOVT. (AGENCY SEC.) 11 SPONSORED CREDIT AGENCIES 12 TREASURY MARKETABLE 13 FHLB SPECIAL ISSUE 14 FEDERAL RESERVE SYSTEM 15 16 17 FOREIGN SHORT-TERM MARKETABLE OTHER 1 TOTAL NET ISSUES 2 TREASURY ISSUES HOUSEHOLD SAVINGS BONDS 3 4 TREAS. EXCL. SAVINGS BONDS 5 6 7 8 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) SPONS. AGENCY ISSUES (2) 1967 1968 1969 1970 1971 1972 1973 8.753 2.340 654 1.686 12.514 8.913 890 8.023 16.693 10.319 373 9 .946 5.501 -1.277 -386 -891 21.111 12.886 281 12.605 29.416 26.023 2.425 23.598 23.585 13.919 3.295 10.624 29.374 7.739 2.700 5.039 1 2 3 4 2.357 50 398 1.909 6.413 105 1.250 5.058 3.601 117 4.038 -554 6.374 1 .469 1 .676 3.229 6.778 -358 -1.930 9.066 8.225 318 -327 8.234 3.393 640 -1.091 3.844 9.666 1.982 1.502 6.182 21.635 746 1.300 19.589 5 6 7 8 8.969 -1 100 100 0 302 3.658 34 107 -161 268 3.724 8.753 1.311 984 348 636 3.514 12.514 -87 -2 5 852 -877 4.830 16.693 135 -108 -108 0 3.825 5.501 -1.300 -407 -686 279 4.217 21.111 -97 1.873 2.029 -156 4.988 29.416 18 -1.160 -1.097 -63 8.662 23.585 -17 -401 -313 -88 426 29.374 -2 1.349 1.373 -24 9.265 9 10 11 12 13 14 3.017 2.103 914 -158 -889 731 -2.415 -871 -1.544 2.091 824 1.267 -A71 -1.664 1.193 -1.813 -2.237 424 9.112 7.829 1.283 26.302 13.948 12.354 8.402 1.250 7.152 340 -5.713 6.053 15 16 17 18 TOTAL PRIVATF DOMESTIC 5.551 -49 5.359 5.705 13.312 4.804 5.235 -4.406 15.175 18.422 18 19 20 21 22 PRIVATE DOMESTIC NONFINAN. SAVINGS BONDS (HH) TREAS. EXCL. SVGS. BONDS AGENCY ISSUES 13.122 -1.796 12.643 2.275 2.884 635 953 1.296 8.351 654 3.554 4.143 -1.404 890 -2.621 327 8.058 373 4.396 3.289 17.012 -386 10.721 6.677 -9.028 281 -11.418 2.109 -13.956 2.^25 -10.995 -5.386 1.606 3.295 -1.747 58 18.753 2.700 4.671 11.382 19 20 21 22 23 24 25 26 PVT. DOM. NONFIN., BY SEC. HOUSEHOLDS SAVINGS BONDS TREAS. EXCL. SVGS. BONDS AGENCY ISSUES 5.723 -1.796 5.981 1.538 2.527 635 990 902 7.685 654 2.637 4.394 1.522 89C -723 1.355 5.554 373 5.361 -180 12.843 -386 10.468 2.761 -9.686 281 -12.742 2.775 -14.376 2.425 -11.818 -4.983 595 3.295 -2.604 -96 20.360 2.700 6.521 11.139 23 24 25 26 27 28 29 CORPORATE BUSINESS TREASURY ISSUES AGENCY ISSUES 6.129 5.429 700 -2.479 -2.829 350 -1.207 —1.588 381 -2.537 -1.092 -1.445 323 -476 799 -2.261 -2.809 548 481 390 91 2.176 2.121 55 -2.429 -3.169 740 -1.813 -3.029 1.216 27 28 29 30 31 32 STATE ♦ LOCAL GOVERNMENTS TREASURY ISSUES AGENCY ISSUES 1.270 1.233 37 2.836 2.792 44 1.873 2.505 -632 -389 -806 417 2.181 -489 2.670 6.430 3.062 3.368 177 934 -757 -1.756 -1.298 -458 3.440 4.026 -586 206 1.179 -973 30 31 32 -8.828 -7.707 -1.121 -2.790 -3.378 588 -3.138 -3.412 2 74 9.405 6.468 2.937 3.254 2.053 1.201 -10.016 -9.708 -308 10.427 6.918 3.509 6.944 3.115 3.829 6.463 2.400 4.063 -1.273 -8.833 7.560 33 34 35 33 34 35 COMMERCIAL BANKING TREASURY ISSUES AGENCY ISSUES 36 37 38 PRIVATE NONBANK FINANCE TREASURY ISSUES AGENCY ISSUES 1.257 864 393 -143 -582 439 146 -539 685 -2.296 -2.720 424 2.000 251 1.749 -2.192 -3.901 1.709 3.836 1.132 2.704 2.606 -1.740 4.346 7.106 2.282 4.824 942 -1.098 2.040 36 37 38 39 40 41 42 PVT. NONBANK FIN., BY SECTOR SAVINGS + LOAN ASSNS. TREASURY ISSUES AGENCY ISSUES 1.257 754 658 96 -143 534 438 96 146 387 299 88 -2.296 1.592 1.423 159 2.000 727 362 365 —2.192 279 -992 1.271 3.836 1.154 -380 1.534 2.606 5.205 1.354 3.851 7.106 4.280 926 3.354 942 3 -1.000 1.003 39 40 41 42 -171 -265 94 -271 -302 31 -507 -728 221 -346 -516 170 -191 -610 419 -510 -605 95 302 -195 497 892 95 797 1.403 267 1.136 -492 -555 63 43 44 45 43 44 45 MUTUAL SAVINGS BANKS TREASURY ISSUES AGENCY ISSUES 46 47 48 CREDIT UNIONS TREASURY ISSUES AGENCY ISSUES 10 10 0 27 8 19 129 24 105 82 4 78 -37 -34 -3 -181 -123 -58 438 342 96 801 331 470 790 380 410 241 223 18 46 47 48 49 50 51 LIFE INSURANCE TREASURY ISSUES AGENCY ISSUES -290 -309 19 -429 -462 33 -382 -426 44 -282 -260 -22 -76 -247 171 -308 -343 35 87 -55 142 -155 -233 78 314 297 17 72 -163 235 49 50 51 52 53 54 PRIVATE PFNSION FUNDS TREASURY ISSUES AGENCY ISSUES 242 165 77 5 27 -22 -491 -484 -7 -552 -441 -111 433 373 60 -153 -364 211 236 -59 295 -296 26 -322 958 868 90 638 128 510 52 53 54 55 56 57 S. + L. GOVT., RTR. FUNDS TRFASURY ISSUES AGENCY ISSUES 470 441 29 234 123 111 122 -38 160 -817 -950 133 381 -244 625 -328 -484 156 -305 -314 9 -1.555 -1.208 -347 -613 -516 -97 113 -134 247 55 56 57 58 59 60 OTHER INSURANCE COMPANIES TREASURY ISSUES AGENCY ISSUES 265 187 78 6 -165 171 -399 -473 74 -688 -705 17 -241 -353 112 -486 -485 -1 81 -50 131 -396 -215 -181 -368 -282 -86 -100 -64 -36 58 59 60 61 INVESTMENT COS. (TREAS.) SECURITY BROKERS + DEALERS (TREAS.) 155 44 626 -516 222 -468 175 -291 130 471 61 -178 -293 661 -759 782 -37 1.668 -1.599 212 -4 62 62 (1) WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (2) THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW OF FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. SPONSORED AGENCY ISSUES INCLUDE GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST 1974 PRIVATE SECURITIES AND MORTGAGES PRIVATE SECURITIES AND MORTGAGES 17 PRIVATE SECURITIES AND MORTGAGES ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 + 1965-73 I I 1959 |I 1965 1966 1967 1968 1969 1970 1971 1972 1973 STATE AND LOCAL GOVERNMENT SECURITIES 1 2 3 4 5 6.280 6.280 403 5.877 0 7.345 7.345 618 6.727 0 5.647 5.647 661 4.986 0 7.769 7.769 1.823 5.946 0 9.516 9.516 143 9.373 0 9.924 9.924 2.766 7.158 0 11.246 11.246 2.343 8.903 0 17.561 17.475 2.483 14.992 86 14.379 13.831 -681 14.512 548 13.709 11.913 -248 12.161 1.796 NET CHANGE IN LIABILITIES STATE + LOCAL GOVERNMENTS SHORT-TERM OTHER CORPORATE BUSINESS (POLLUTION CONTROL) 1 2 3 4 5 6 7 8 9 6.280 3.258 751 -23 7.345 1.749 920 -56 5.647 3.599 -961 -42 7.769 -2.195 -339 0 9.516 -761 482 46 9.924 9.611 -982 65 11.246 -751 -625 158 17.561 -151 1.000 -263 14.379 960 1.000 176 13.709 4.335 -137 235 NET CHANGE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS S. + L. GOVT., GEN. FUNDS 6 7 8 9 10 11 12 13 14 15 406 -7 530 288 990 87 5.217 -71 -278 -275 379 -240 2.329 -69 -3 76 -144 1.299 12 9.121 -32 -138 -75 1.386 41 8.551 -25 213 -24 992 42 203 6 15 -51 1.244 -187 10.668 4 85 -299 1.452 554 12.607 193 57 95 3.910 113 7.150 483 4 -94 4.816 -116 5.700 48 45 -618 3.883 218 COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES S. + L. GOVT., RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS ♦ DEALERS 10 11 12 13 14 15 CORPORATE AND FOREIGN BONDS 1 2 3 4 5 6 4.546 2.955 0 1.118 0 473 8.559 5.392 817 1.890 0 460 11.823 10.224 104 760 0 735 17.176 14.658 269 1.033 0 1.216 15.046 12.893 258 811 0 1.084 14.481 11.975 -184 1.567 95 1.028 23.777 19.756 98 2.544 505 874 24.806 18.807 855 3.788 416 940 20.165 12.187 1.137 5.441 374 1.026 12.485 9.159 8 1.777 550 991 NET ISSUES CORPORATE BUSINESS COMMERCIAL BANKS FINANCE COMPANIES REITS REST OF THE WORLD 7 8 9 10 4.546 258 -138 -128 8.559 984 -94 -127 11.823 1.982 69 2 87 17.176 4.599 804 2.075 15.046 4.651 304 1.312 14.481 6.616 -55 332 23.777 10.680 802 1.201 24.806 9.318 1.275 3.883 20.165 5.185 1.711 2.136 12.485 1.059 464 -1.092 NET PURCHASES HOUSEHOLDS COMMERCIAL BANKING MUTUAL SAVINGS BANKS 11 12 13 14 15 16 17 18 4.374 2.210 1.243 860 61 156 80 -56 7.230 2.787 1.497 2.301 645 405 308 -147 8.390 2.352 2.528 2.939 571 361 114 620 9.410 3.844 1.124 3.737 705 44 372 -128 8.328 3.868 645 2.644 1.171 449 -185 187 6.518 1.511 613 3.585 809 178 356 536 9.614 1.471 2.053 3.785 2.305 700 109 671 9.283 5.466 -653 4.185 285 624 151 2 72 10.786 6.9 89 -806 5.325 -722 158 126 63 12.427 5.851 1.605 5.936 -965 -872 402 97 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. + L. GOVT., RTR. FUNDS OTHER INSURANCE COMPANIES OPEN-END INVESTMENT COS. BROKERS + DEALERS REST OF THE WORLD 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 9 10 CORPORATE EQUITIES j. 5 6 7 8 4.305 1.765 2.540 2.078 132 135 0 195 3.514 3.221 293 -28 -62 85 0 298 4.753 3.677 1.076 1.2 59 -11 81 0 -2 53 5.477 2.957 2.520 2.397 -37 110 0 50 6.403 5.798 605 -159 -57 247 419 155 9.988 4.787 5.201 3.406 -31 549 810 467 10.356 2.629 7.727 5.694 127 393 1.445 68 14.768 1.145 13.623 11.435 624 599 938 27 12.936 -696 13.632 10.922 1.168 456 1.498 -412 8.. 032 -1.586 9.618 7.420 1.216 452 730 -200 NET ISSUES OPEN-END INVESTMENT COS. OTHER SECTORS CORPORATE BUSINESS COMMERCIAL BANKS OTHER INSURANCE COMPANIES REITS REST OF THE WORLD 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 4.305 600 8 -49 2.277 192 1.743 75 267 1.038 80 351 3.514 -2.160 57 167 4.271 708 3.124 352 87 1.271 308 -400 4.753 -936 63 41 4.823 268 3.676 488 391 953 114 -305 5.477 -4.311 64 219 6.584 1.017 4.562 670 335 1.851 372 698 6.403 -6.502 66 251 8.147 1.357 4.718 1.317 755 2.527 -183 2.097 9.988 -3.796 49 238 9.854 1.705 5.382 1.788 979 1.722 356 1.565 10.356 -1.729 94 333 9.671 1.984 4.566 2.137 984 1.180 110 697 14.768 -5.334 -17 475 18.211 3.640 8.915 3.185 2.471 445 152 836 12.936 -5.366 129 617 16.984 3.500 7.065 3.462 2.957 -1.821 125 2.268 8.032 -8.172 56 361 14.939 3.557 5.290 3.922 2.170 -2.314 404 2.758 NET PURCHASES HOUSEHOLDS COMMERCIAL BANKING MUTUAL SAVINGS BANKS INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. + L. GOVT., RTR. FUNDS OTHER INSURANCE COMPANIES OPEN-END INVESTMENT COS. BROKERS + DEALERS REST OF THE WORLD 9 10 11 12 13 14 15 16 17 18 19 20 NET CHANGE IN MORTGAGES 1 BORROWED BY: U.S. GOVERNMENT 2 3 SAVINGS ♦ LOAN ASSOCIATIONS 4 REITS PRIVATE NONFINANCIAL SECTORS 5 6 HOUSEHOLDS NONPROFIT INSTITUTIONS 7 BUSINESS 8 9 FARMS 10 NONFARM NONCORPORATE CORPORATE 11 2 3 4 TOTAL MORTGAGES 1 19.051 25.626 21.305 22.970 27.425 27.837 26.393 48.867 68.833 71.907 2 3 4 5 6 7 8 9 10 11 315 132 0 18.604 12.560 814 5.230 992 1.219 3.019 19 -41 0 25.648 15.232 1.175 9.241 2.233 3.151 3.857 -62 -928 0 22.295 12.652 1.257 8.386 1.782 2.365 4.239 -63 987 0 22.046 10.371 1.194 10.481 2.276 3.709 4.496 -66 192 200 27.099 14.625 1.135 11.339 2.242 3.444 5.653 -81 6 230 27.682 16.072 1.276 10.334 1.942 3.771 4.621 -75 623 116 25.729 12.481 1 .360 11.888 1.775 4.896 5.217 -72 1.951 134 46.854 24.169 1.217 21.468 2.011 8.008 11.449 -86 1.180 480 67.259 38.424 1.421 27.414 2.580 9.222 15.612 -71 -1.533 320 73.191 44.208 1.408 27.575 4.383 7.067 16.125 12 13 14 15 16 19.051 1.786 1.265 270 942 25.626 -766 -119 -20 1.086 21.305 1.318 838 -35 2.553 22.970 942 881 42 1.777 27.425 1.547 1.124 58 2.162 27.837 1.123 707 -51 4.471 26.393 138 345 -25 5.834 48.867 193 37 16 6.328 68.833 -1.846 -243 10 6.676 71.907 494 -583 -2 10.357 FUNDS ADVANCED BY: HOUSEHOLDS U.S. GOVERNMENT S. + L. GOVT., GEN. FUNDS SPONSORED CREDIT AG. (1) (2) 12 13 14 15 16 17 18 19 20 21 22 14.788 2.483 9.434 7.514 1.868 52 25.445 5.699 13.067 8.973 4.061 33 16.631 4.705 6.536 3.763 2.720 53 19.328 4.639 10.708 7.520 3.153 35 22.534 6.677 12.176 9.350 2.787 39 21.587 5.404 12.195 9.489 2.682 24 20.101 2.462 12.086 10.172 1.845 69 42.293 9.940 27.996 23.919 4.030 47 6A..236 16.799 37.663 31.932 5.578 153 61.641 19.754 32.587 26.912 5.675 0 PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS S+L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS CREDIT UNIONS 17 18 19 20 21 22 23 24 25 26 27 28 29 2.624 2.135 247 2 56 -14 247 0 6.137 4.861 578 676 22 542 0 5.954 4.596 587 770 1 -564 0 3.585 2.907 172 487 19 396 0 2.810 2.459 -16 359 8 641 230 2.830 2.052 149 622 7 281 877 3.300 2.348 82 825 45 141 2.112 760 1.121 -615 276 -22 1.053 2.544 775 1.823 -685 -321 -42 4.132 4.867 3.448 3.861 -290 -106 -17 1.372 4.480 30 836 672 933 -2.549 873 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS S. + L. GOVT., RTR. FUND OTHER INSURANCE COS. FINANCE COMPANIES REITS 4„030 -2.679 (1) MEMO: FHLB LOANS TO S+L 1.326 7.168 43 ASSOCIATIONS (INCLUDED IN "OTHER LOANS" CATEGORY). (2? INCLUDES MORTGAGE POOLS BACKING GNMA -GUARANTEED PASS-THROUGH SECURITIES. 23 24 25 26 27 28 29 30 AUGUST 1974 MORTGAGES, BY TYPE 18 MCRTGAGES, BY TYPE MORTGAGE MARKETS BY TYPE OF MORTGAGE ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 ♦ 1965-73 II 1959 ,| 1965 1966 1967 1968 1969 1970 1971 1972 1973 HOME MORTGAGES 1 NET BORROWING 2 HOUSEHOLDS NONFARM NONCORP. BUSINESS 3 4 CORPORATE BUSINESS U.S. GOVERNMENT 5 SAVINGS + LOAN ASSOCIATIONS 6 7 NET CHANGE IN ASSETS 8 HOUSEHOLDS U.S. GOVERNMENT 9 10 STATE ♦ LOCAL GOVERNMENTS SPONS. CREDIT AGENCIES (1) 11 12 COMMERCIAL BANKING 13.167 12.560 80 80 315 132 15.360 15.232 75 75 19 -41 10.708 12.652 -477 -477 -62 -928 12.415 10.371 560 560 -63 987 15.181 14.625 215 215 -66 192 15.581 16.072 -208 -208 -81 6 13.353 12.481 162 16? -75 623 27.970 24.169 961 961 -72 1.951 40.724 38.424 603 603 -86 1.180 41.740 44.208 -432 -432 -71 -1.533 1 2 3 4 5 6 13.167 84 92 5 270 669 1.471 15.360 -136 -129 -20 524 3.181 10.708 675 603 -35 1.876 2.402 12.415 89 728 42 1.127 2.472 15.181 541 832 58 1.638 3.490 15.581 78 94 -51 3.868 2.986 13.353 17 -140 -25 5.071 865 27.970 38 -318 16 4.778 5.691 40.724 -2.634 -606 10 4.303 8.984 41.740 -933 -1.186 -2 6.390 10.994 7 8 9 10 11 12 13 14 15 16 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 8.045 6.645 1.348 52 9.756 7.053 2.670 33 4.520 2.858 1.609 53 7.859 6.030 1.7<»4 35 8.695 7.233 1.423 39 9.094 7.674 1.396 24 8.153 7.150 934 69 18.651 17.305 1.299 47 27.936 24.774 3.009 153 24.589 21.992 2.597 0 13 14 15 16 17 18 19 20 21 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE COMPANIES REITS 1.456 1.209 247 247 0 1.642 1.064 578 542 0 1.231 644 587 -564 0 -298 -470 172 396 0 -749 -733 -16 641 35 -917 -1.066 149 281 148 -1.206 -1.288 82 141 477 -2.687 -2.072 -615 1.053 748 -2.823 -2.138 -685 4.132 1.422 -756 -466 -290 1.372 1.272 17 18 19 20 21 MULTI -FAMILY RESIDENTIAL MCRTGAGES 1 NET BORROWING NONFARM NONCORP. BUSINESS 2 CORPORATE BUSINESS 3 4 REITS 1.820 913 907 0 3.618 2.751 867 0 3.124 2.399 725 0 3.603 2.800 803 0 3.436 2.700 671 65 4.815 3.572 1.167 76 5.862 4.338 1.485 39 8.817 6.171 2.601 45 10.426 7.283 2.985 158 8.522 5.935 2.482 105 1 2 3 4 5 NET CHANGE IN ASSETS 6 HOUSEHOLDS U.S. GOVERNMENT 7 SPONS. CREDIT AGENCIES (1) 8 9 COMMERCIAL BANKS 1.820 263 301 0 157 3.618 -901 -1 -1 273 3.124 -518 297 0 87 3.603 -299 209 -1 294 3.436 -302 334 7 301 4.815 -457 655 15 549 5.862 -833 504 290 94 8.817 -99 376 82C 673 10.426 1.242 348 1.183 1.794 8.522 75 400 2.003 1.154 5 6 7 8 9 10 11 12 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 724 420 304 1.997 1.058 939 1.010 473 537 1.485 880 605 1.625 1.106 519 1.748 1.210 538 2.420 2.065 355 5.317 3.525 1.792 4.532 3.428 1.104 3.131 1.778 1 .353 10 11 12 13 14 15 LIFE INSURANCE COMPANIES S. ♦ L. GOVT., RTR. FUNDS REITS 119 256 0 1.575 676 0 1.478 770 0 1.428 487 0 1.037 359 75 1.365 622 318 1.942 825 620 712 276 742 469 -321 1.179 1.145 -106 720 13 14 15 COMMERCIAL MORTGAGES 1 NET BORROWING HOUSEHOLDS 2 NONFARM NONCORP. BUSINESS 3 4 CORPORATE BUSINESS 5 REITS 3.072 814 226 2.032 0 4.415 1.175 325 2.915 0 5.691 1.257 443 3.991 0 4.676 1.194 349 3.133 0 6.566 1.135 529 4.767 135 5.499 1.276 407 3.662 154 5.403 1.360 396 3.570 77 10.069 1.217 876 7.887 e9 15.103 1.421 1.336 12.024 322 17.262 1.408 1.564 14.075 215 1 2 3 4 5 6 NET CHANGE IN ASSETS 7 HOUSEHOLDS U.S. GOVERNMENT 8 9 COMMERCIAL BANKING 3.072 1.007 -7 776 4.415 -596 -1 1.972 5.691 657 -17 1.989 4.676 177 -6 1.565 6.566 86 0 2.574 5.499 337 -2 1.608 5.403 -153 -1 1.171 10.069 -606 -5 3.022 15.103 -1.152 -11 5.445 17.262 100 0 6.945 6 7 8 9 10 11 12 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 663 449 214 1.315 862 453 1.004 432 572 1.301 610 691 1.857 1 .011 846 1.355 605 750 1.508 957 551 4.097 3.089 1.008 5.183 3.730 1.453 4.872 3.142 1.730 10 11 12 13 14 15 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS 647 -14 0 1.703 22 0 2.057 1 0 1.620 19 0 1.921 8 120 1.783 7 411 1.818 45 1.015 2.529 -22 1.054 3.414 -42 2.266 2.874 -17 2.488 13 14 15 FARM MORTGAGES 1 NET BORROWING 992 2.233 1.782 2.276 2.242 1.942 1.775 2.011 2.580 4.383 1 2 NET CHANGE IN ASSETS HOUSEHOLDS 3 4 U.S. GOVERNMENT 5 SPONSORED CREDIT AGENCIES 6 COMMERCIAL BANKS 7 MUTUAL SAVINGS BANKS 8 LIFE INSURANCE COMPANIES 992 432 46 273 79 2 160 2.233 867 12 563 273 -1 519 1.782 504 -45 677 227 2 417 2.276 975 -50 651 308 63 329 2.242 1.222 -42 517 312 -1 234 1.942 1.165 -40 588 261 -2 -30 1.775 1.107 -18 473 332 5 -124 2.011 860 -16 730 554 -69 -48 2.580 698 26 1.190 576 12 78 4.383 1.252 203 1.964 661 -5 308 2 3 4 5 6 7 8 (II INCLUDES MORTGAGE POOLS BACKING GNMA—GUARANTEED SECURITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST 1974 CONSUMER CREDIT AND BANK LOANS N.E.C CONSUMER CREDIT AND BANK LOANS N.E.C, 19 CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED ANNUAL FLOWS, 1959 ♦ 1965-73 ANNUAL FLOWS, 1959 ♦ 1965-73 II 1965 1959 I I 1966 1967 1968 1969 1970 1971 1972 1973 CONSUMER CREDIT 1 2 3 6.415 5.605 810 9.615 8.201 1.414 6.355 5.351 1.004 4.545 3.184 1.361 9.987 8.317 1.670 10.376 9.360 1.016 6.017 4.959 1.058 11.231 9.231 2.000 19.170 16.037 3.133 22.922 20.105 2.817 NET CHANGE IN LIABILITIES (HH) INSTALMENT CREDIT NONINSTALMENT CREDIT 4 5 6 7 8 9 10 11 12 6.415 5.605 51 684 2.447 58 22 612 1.731 9.615 8.201 86 -43 3.868 34 108 984 3.164 6.355 5.351 110 230 2.357 12 83 930 1 .629 4.545 3.184 64 -119 1.833 66 87 749 504 9.987 8.317 59 -286 4.784 93 111 1.297 2.259 10.376 9.360 112 -9 4.48 5 170 107 1.728 2.767 6.017 4.959 80 81 2.977 322 86 958 455 11.231 9.231 25 140 5.842 67 82 1.784 1.291 19.170 16.037 183 1.002 8.543 124 223 2.143 3.819 22.922 20.105 223 1.216 9.712 177 183 2.696 5.898 NET CHANGE IN ASSETS INSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS FINANCE COMPANIES 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 810 170 136 426 66 12 1.414 350 271 740 36 17 1.004 380 318 2 56 19 31 1.361 366 389 532 31 43 1.670 430 277 896 47 20 1.016 485 335 179 8 9 1.058 506 635 -84 -3 4 2.000 662 432 847 41 18 3.133 891 570 1.541 73 58 2.817 1.041 791 896 41 48 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 13 14 15 16 17 18 29.980 59.016 73.196 1 2 3 BANK LOANS NOT ELSEWHERE CLASSIFIED 1 13.905 26.299 18.279 17.791 27.522 21.583 12.884 TOTAL LOANS AT COMMERCIAL BANKS, F/F BASIS 1 2 3 4 5 6 7 2.489 2.873 207 465 47 7.424 5.626 4.608 105 -438 122 16.276 4.646 2.613 535 1.064 72 9.349 4.578 2.365 1.460 2.047 0 7.341 6.654 5.680 1.320 -1.382 0 15.250 5.236 4.664 -1.109 481 0 12.311 2.364 2.893 1.441 1.982 0 4.204 9.808 6.689 775 786 0 11.922 16.790 10.084 4.670 -204 0 27.676 19.642 10.608 -2.960 -768 0 46.674 8 9 10 0 80 7.504 0 111 16.387 0 402 9.751 0 147 7.488 0 407 15.657 3.946 1.309 17.566 -992 2.622 5.834 -114 543 12.351 -242 1.106 28.540 1.702 3.739 52.115 11 12 -13 7.491 11 16.398 -41 9.710 0 7.488 0 15.657 0 17.566 0 5.834 0 12.351 0 28.540 0 52.115 - LOANS ELSEWHERE CLASSIFIED: 2 MORTGAGES CONSUMER CREDIT 3 SECURITY CREDIT 4 5 OPEN-MARKET PAPER HYPOTHECATED DEPOSITS 6 7 = BANK LOANS NEC AT COML. BKS. + BANK LOANS NEC AT OTHER BANKING SUBSECTORS: DOMESTIC AFFILIATES 8 9 FOREIGN BANKING AGENCIES 10 = BANKING SECTOR TOTAL BANK LOANS NEC + LOANS BY F.R. BANKS 11 12 = TOTAL BANK LOANS NEC 13 14 15 16 17 18 19 7.491 6.438 1.072 694 423 4.026 223 16.398 14.070 1.359 708 959 10.542 502 9.710 10.746 364 933 1.333 8.298 -182 7.488 9.500 1.888 700 603 6.576 -267 15.657 13.127 2.492 400 1.095 9.604 -464 17.566 15.266 1.008 628 2.117 11.750 -237 5.834 6.355 915 827 -614 5.564 -337 12.351 9.313 1.837 1.345 204 4.365 1.562 28.540 21.777 2.780 1.814 731 13.538 2.914 52.115 38.626 1.800 3.013 382 30.629 2.802 NET CHANGE IN LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS REST OF THE WORLD 20 21 22 23 24 1.053 106 949 0 -2 2.328 174 2.164 0 -10 -1.036 73 -1.164 0 55 -2.012 -140 -1.844 0 -28 2.530 67 2.312 66 85 2.300 68 1.863 211 158 -521 -104 -1.126 629 80 3.038 662 6 729 1.641 6.763 737 3.847 1.335 844 13.489 327 4.093 3.985 5.084 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS FINANCIAL SAVINGS FINANCE REITS FOREIGN SECTORS ♦ LOAN ASSNS. COMPANIES BANKING AGENCIES 13 14 15 16 17 18 19 20 21 22 23 24 AUGUST 1974 OTHER LOANS 20 OTHER LOANS < OPEN-MARKET PAPER AND OTHER LOANS ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 + 1965-73 II 1959 I| 1965 1966 1967 1968 196« 1970 1971 1972 1973 OTHER LOANS — SECTOR TOTALS 3.911 2.298 663 246 725 536 185 -57 8.455 5.324 938 349 1.639 631 313 1.454 11.288 7.259 2.044 395 1.718 1.256 627 1.219 6.509 7.247 1.320 646 645 1.432 175 3.029 13.5*1 8 .844 1.715 190 1 .020 3.555 310 2.C54 29.823 15.351 2.985 606 1.471 7.119 746 2.424 6.049 9.692 2.601 647 991 3.242 77 2.134 4.896 5.734 1.373 742 488 651 365 2.115 10.724 5.769 1.330 463 405 2.468 344 758 28.820 11.833 2.477 1.221 1.833 2.022 345 3.935 1 2 3 4 5 6 7 8 1.613 79 0 836 698 0 3.131 205 1.068 672 1.186 0 4.029 -233 -196 938 3.520 0 -738 -67 -150 -2.549 2.028 0 4.707 247 1 .009 873 2.578 0 14.472 -283 5.818 4.030 4.907 0 -3.643 0 -5.142 1.326 173 0 -838 0 685 -2.679 376 780 4.955 0 2.407 43 45 2.460 16.987 0 5.535 7.168 3.549 735 9 10 11 12 13 14 15 NET INCREASE IN ASSETS 16 HOUSEHOLDS 17 CORPORATE BUSINESS U.S. GOVERNMENT 18 3.911 5 -207 514 8.455 -9 1.538 2.858 11.288 2.748 -421 2.762 6.509 -2.125 4.028 3.758 13.551 729 5.067 3.678 29.823 4.759 5.402 3.469 6.049 -1.524 -2.883 2.585 4.896 —3.922 3.289 3.181 10.724 1.546 2.428 2.882 28.820 3.464 7.815 3.567 15 16 17 18 19 20 21 22 23 24 25 1.182 26 512 52 459 1.454 -86 1.038 93 -316 -2 591 2.302 362 1.580 6 1.136 102 1.523 1.622 230 -1.845 -29 2.047 -5 1.034 -389 35 1.187 -106 -1.382 73 1.216 2.510 579 4.806 6 481 316 3.427 6.163 994 2.323 -7 1.982 326 3.016 -256 487 -2.001 204 786 455 1.629 1.434 -159 755 -155 -204 -112 1.144 2.502 -62 8.549 -38 -768 641 2.224 3.065 301 19 20 21 22 23 24 25 1 NET INCREASE IN LIABILITIES 2 NONFINANCIAL SECTORS 3 HOUSEHOLDS 4 FARM BUSINESS 5 NONFARM NONCORP. BUSINESS 6 CORPORATE BUSINESS 7 STATE + LOCAL GOVERNMENTS REST OF THE WORLD 8 9 10 11 12 13 14 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL BANKING SAVINGS ♦ LOAN ASSNS. FINANCE COMPANIES REITS SPONSORED CREOIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES FINANCE N.E.C. REST OF THE WORLD OPEN-MARKET PAPER 1 NET ISSUES, BY TYPE + SECTOR 2 3 4 5 DIRECTLY-PLACED PAPER BANK AFFILIATES FINANCE COMPANIES RFITS 6 7 8 9 10 DEALER-PLACED PAPER CORPORATE BUSINESS BANK AFFILIATES FINANCE COMPANIES REITS 11 12 13 14 15 BANKERS* ACCEPTANCES NONFINANCIAL BUSINESS NONCORPORATE CORPORATE REST OF THE WORLD 16 NONBANK CREDIT TO BANKS IN SECURITY RP’S 17 NET PURCHASES, BY SECTOR 312 1.933 4.360 4.004 5.208 14.059 -1.204 947 3.347 11.637 1 614 0 614 0 1.178 0 1.178 0 3.159 0 3.159 0 1.628 0 1.628 0 1.788 0 1.788 0 6.811 2.993 3.818 0 -383 -1.053 670 0 308 -462 470 300 1.841 229 412 1.200 5.462 1.863 4.104 -505 2 3 4 5 -259 -343 0 84 0 -320 -328 0 8 0 1.186 825 0 361 0 1.812 1.412 0 400 0 2.300 1.510 0 790 0 4.616 2.311 1.216 1.089 0 854 2.158 -807 -497 0 -1.253 -1.725 86 -94 480 754 -574 435 -367 1.260 890 -176 381 -555 1.240 6 7 8 9 10 -43 11 6 5 -54 7 74 37 37 -67 211 262 132 130 -51 714 241 122 119 473 111 270 136 134 -159 1.023 708 355 353 315 1.607 808 405 403 799 831 529 264 265 302 -991 53 28 25 -1.044 1.994 -249 -126 -123 2.243 11 12 13 14 15 0 1.068 -196 -150 1 .009 1.609 -3.282 1.061 1.743 3.291 16 312 1.933 4.360 4.004 5.208 14.059 -1.204 947 3.347 11.637 17 5 -207 -207 O -Q 1.538 470 1.068 2.748 -421 -225 -196 -2.125 4.028 4.178 -150 729 5.067 4.165 902 4.759 5.402 4.022 1.380 -1.524 -2.883 505 -3.388 -3.922 3.289 2.446 843 1.546 2.428 817 1 .611 3 .464 7.815 5.241 2.574 18 19 20 21 18 19 20 21 HOUSEHOLDS CORPORATE BUSINESS COMMERCIAL PAPER SECURITY RP’S 22 23 24 25 26 MONETARY AUTHORITIES COMMERCIAL BANKING MUTUAL SAVINGS BANKS COMMERCIAL PAPER SECURITY RP’S 26 465 52 52 0 93 -438 —2 -2 0 6 1.064 102 102 0 -29 2.047 -5 -5 0 -106 -1.382 73 -34 107 6 481 316 87 229 -7 1.982 326 220 106 204 786 45 5 237 218 -155 -204 -112 -244 132 -38 -768 641 -76 717 22 23 24 25 26 27 28 29 LIFE INSURANCE COMPANIES INVESTMENT COMPANIES REST OF THE WORLD 25 32 -86 52 337 362 83 548 230 93 -40 35 -29 277 579 907 1.194 994 777 -362 487 628 -334 -159 211 -305 -62 23 199 301 27 28 29 OTHER TYPES 1.422 575 847 1.965 1.337 628 1.074 1.139 -65 -349 -59 -290 2.233 486 1 .747 4.969 631 4.338 106 -282 388 1.768 -117 1.885 2.807 31 2.776 2.866 870 1 .996 1 2 3 4 U.S. GOVERNMENT LOANS 5 LIAB.-HOUSEHOLDS 6 FARM BUSINESS NONFARM NONCORP. BUS. 7 CORPORATE BUSINESS 8 9 S. + L. GOVERNMENTS 10 SPONS. CREDIT AGENCIES REST OF THE WORLD 11 474 142 12 32 27 185 79 -3 2.816 235 80 168 294 313 205 1.521 2.712 482 -12 212 366 627 -233 1.270 3.708 329 158 366 191 175 -67 2.556 3.635 427 -53 327 164 310 247 2.213 3.384 380 -15 330 117 746 -283 2.109 2.516 293 -52 570 293 77 0 1.335 3.169 360 47 358 226 365 0 1.813 2.870 385 36 61 241 345 0 1.802 3.542 251 119 810 325 345 0 1.692 4 5 6 7 8 9 10 11 12 SPONSORED CREDIT AGENCY LOANS LIABILITY OF— FARM BUSINESS (FICB) NONFARM NONCORP. BUS. (BC) S+L ASSOCIATIONS (FHLB) 1 FINANCE CO. LOANS TO BUSINESS LIAB.-NONCORPORATE BUSINESS 2 3 CORPORATE BUSINESS 1.182 1.038 1.580 -1.845 1 .187 4.806 2.323 -2.001 755 8.549 12 13 14 15 234 112 836 269 97 672 407 235 938 488 216 -2.549 243 71 873 621 155 4,030 699 298 1.326 695 -17 -2.679 427 285 43 1.102 279 7.168 13 14 15 16 POLICY LOANS (HH LIABILITY) 17 ASSET-U.S. GOVERNMENT 18 LIFE INSURANCE COS. 474 40 434 581 42 539 1.490 50 1.440 991 50 941 1.288 43 1.245 2.605 85 2.520 2.308 69 2.239 1.013 12 1.001 945 12 933 2.226 25 2.201 16 17 18 47 122 72 0 0 0 0 0 0 0 19 19 HYPOTHECATED DEP. (HH LIAB.) ASSET-COMMERCIAL BANKS MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST 1974 SECURITY CREOIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES 21 SECURITY CREDIT, TRADE CREDIT, AND TAXES PAYABLE ANNUAL FLOWS, 1959 ♦ 1965-73 ANNUAL FLOWS, 1959 + 1965-73 1965 1959 H 1966 1967 1968 1969 1970 1971 1972 1973 SECURITY CREDIT 1 2 3 63 14 10 1.124 736 28 775 -73 9 7.023 3.684 170 6.582 2.918 210 -6.656 -3.400 -230 -799 -1.780 1 3.791 2.609 33 8.870 4.672 84 -8.195 -4.570 -181 4 5 6 7 39 106 32 -179 360 -283 -263 906 839 563 62 214 3.169 820 0 2.349 3.454 1.033 0 2.421 -3.026 -1.006 0 -2.020 980 1.932 0 -952 1.149 652 0 497 4.114 3.838 87 189 -3.444 -2.769 -436 -239 8 9 10 63 -167 239 1.124 864 -158 775 197 597 7.023 2.213 1.460 6.582 2.096 1.3 20 -6.656 -1.818 -1.109 -799 -867 1.441 3.791 535 775 8.870 134 4.757 -8.195 -206 -3.396 NET CHANGE IN ASSETS HOUSEHOLDS COMMERCIAL BANKING 8 9 10 11 12 3 -12 376 42 -36 17 3.214 136 2.841 325 -3.527 -202 -1.288 -85 2.519 -38 3.924 55 -4.560 -33 BROKERS ♦ DEALERS FOREIGN 11 12 1 2 3 4 6.016 297 423 185 13.171 229 693 -716 11.986 2 79 866 -1.219 11.052 407 816 689 18.939 489 263 -37 22.699 489 691 -460 9.981 500 942 203 6.101 345 1.113 325 17.034 608 1.451 204 23.748 607 1.462 -994 NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) 1 2 3 4 5 6 7 8 4.857 100 71 83 12.142 372 507 -56 10.567 491 669 333 7.438 618 569 515 17.216 610 -1 399 20.972 514 -328 821 7.444 511 -582 963 3.816 651 -675 526 13.716 708 -120 467 19.594 1.086 116 1.877 CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS U.S. GOVERNMENT FOREIGN 5 6 7 8 9 10 11 12 13 6.370 6.024 -1 183 164 14.676 13.987 388 165 136 13.956 11.999 1.249 249 459 10.457 8.344 1.468 278 367 20.445 18.649 575 300 921 24.845 22.728 919 422 776 9.446 8.362 -777 472 1.389 4.363 5.692 -1.704 291 84 21.180 20.047 -819 1.181 771 25.998 24.080 274 658 986 NET CHANGE IN ASSETS CORPORATE BUSINESS U.S. GOVERNMENT OTHER INSURANCE COMPANIES FOREIGN 9 10 11 12 13 14 -3 54 -1.505 -1.9 70 595 -1.506 -2.146 535 1.738 -4.146 -2.250 DISCREPANCY 14 NET CHANGE IN LIABILITIES HOUSEHOLDS FOREIGN BROKERS ♦ DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AGS. CUSTOMER CREDIT BALANCES 1 2 3 4 5 6 7 TRADE CREDIT PROFIT TAXES PAYABLE 1 2 3 4 5 6 7 8 9 2.431 2.439 303 -460 1 86 -21 66 17 1.687 2.162 -502 -132 3 -20 56 87 33 159 205 -1 -31 -44 60 2 -34 2 -4.903 -4.727 17 -81 -3 -111 2 -56 56 3.021 2.861 0 -51 24 162 -22 -1 48 -3.091 -3.306 29 78 6 55 51 48 -52 -3.125 -3.706 20 340 16 112 65 28 0 1.804 1.991 -33 -27 59 -70 -115 9 -10 -106 -92 -21 -200 26 15 120 21 25 2.659 2.323 123 85 36 36 13 55 -12 NET CHANGE IN TAXES PAYABLE CORPORATE BUSINESS MONETARY AUTHORITIES COMMERCIAL BANKS SAVINGS ♦ LOAN ASSOCIATIONS LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS + DEALERS 10 11 12 2.556 125 2.431 1.230 70 1.160 -629 93 -722 -4.209 178 -4.387 1.977 278 1.699 -2.592 -38 -2.554 -2.236 113 -2.349 1.701 263 1.438 -487 276 -763 2.761 598 2.163 NET CHANGE IN TAXES RECEIVABLE 10 STATE + LOCAL GOVERNMENTS 11 U.S. GOVERNMENT 12 13 -125 457 788 -694 1.044 -499 -889 103 381 -102 -4.729 -3.088 -1.641 -7.409 -4.562 -2.847 -4.434 -4.167 -267 DISCREPANCY 1 2 3 4 5 6 7 8 9 13 PROPRIETORS' EQUITY IN NONCORPORATE BUSINESS 1 2 3 -4.647 -2.795 -1.852 -1.942 -2.338 396 -3.180 -3.273 93 -3.774 -2.452 -1.322 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS -2.218 -2.400 182 -3.460 -3.219 -241 -4.663 -2.839 -1.824 TOTAL HOUSEHOLD INVESTMENT FARM BUSINESS NONFARM NONCORPORATE BUSINESS 1 2 3 AUGUST 1974 MISCELLANEOUS I MISCELLANEOUS 22 MISCELLANEOUS FINANCIAL CLAIMS ANNUAL FLOWS, 1959 ♦ 1965-73 ANNUAL FLOWS, 1959 ♦ 1965-73 II 1959 ,| 1965 1 NET CHANGE IN LIABILITIES 2 HOUSEHOLDS CORPORATE BUSINESS 3 4 U.S. GOVERNMENT 4.110 218 238 -604 5 6 7 8 9 10 11 12 13 14 TOTAL FINANCE SPONSORED CREOIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING SAVINGS * LOAN MUTUAL SAVINGS LIFE INSURANCE NONLIFE INSUR. REITS ASSNS. BANKS COMPANIES COMPANIES REST OF THE WORLD 15 NET CHANGE IN ASSETS 16 HOUSEHOLDS 17 FARM BUSINESS NONFARM NONCORP. BUSINESS 18 19 CORPORATE BUSINESS U.S. GOVERNMENT 20 21 22 23 TOTAL FINANCE SPONSORED CREDIT AGENCIES COMMERCIAL BANKING 24 25 26 27 28 SAVINGS * LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS REITS 29 REST OF THE WORLD 30 UNALLOCATED, NET 1966 1967 1968 1969 1970 1971 1972 1973 7.715 264 56 -60 11.961 356 87 -361 10.535 288 258 64 15.367 355 320 723 26.325 386 832 -359 10.997 430 1.030 539 10.232 318 -116 828 22.688 540 383 30 36.685 400 2.537 -363 1 2 3 4 2.457 -14 -119 958 4.941 116 5 1.849 8.447 189 -85 4.983 6.985 471 49 2.257 11.849 -253 91 7.577 23.112 354 499 16.P78 5.025 2.544 386 -3.733 3.564 -529 -154 -2.746 18.266 282 -115 9.302 27.808 2.169 760 17.471 5 6 7 8 161 86 241 1.144 0 114 135 1.176 1.546 0 369 -11 1.217 1.785 0 350 147 1.635 2.076 0 398 112 1.458 2.466 0 392 213 1.431 3.345 0 617 96 1.697 3.418 0 1.173 120 2.130 3.*70 0 903 215 2.860 4.819 0 875 596 2.736 3.201 0 9 10 11 12 13 1.801 2.514 3.432 2.940 2.120 2.354 3.973 5.638 3.469 6.303 14 4.137 504 98 187 1.938 13 6.812 1.273 180 284 3.387 31 12.613 1.216 207 359 3.721 359 9.869 1.465 263 402 3.456 -149 12.882 1.797 379 482 2.426 -226 18.230 2.118 436 672 3.041 94 12.096 2.584 489 684 4.231 251 5.978 2.304 568 794 6.239 70 16.574 2.668 674 994 5.168 103 32.357 1.497 715 991 7.852 957 15 16 17 18 19 20 499 34 -175 2.016 69 488 3.344 -60 1.205 2.793 -18 697 4.637 -6 3.389 3.864 253 2.782 9.489 802 5.044 2.762 189 1.219 3.563 -372 2.257 12.770 1.666 7.239 21 22 23 171 -48 370 147 0 609 99 470 281 0 939 126 236 898 0 859 149 269 837 0 -82 267 617 352 100 -430 -49 862 324 122 2.207 264 821 15 336 92 227 918 68 49 94 371 1.007 51 155 1.504 281 917 55 1.108 24 25 26 27 28 898 -359 3.407 1.639 3.387 8.005 -5.632 -6.759 3.404 7.575 29 -27 903 -652 666 2.485 8.095 -1.099 4.254 6.114 4.328 30 45 233 -188 72 265 -193 2.942 2.653 289 703 205 498 2.318 1.798 520 7.936 6.783 1.153 -6.939 -7.167 228 -4.069 -4.752 683 933 497 436 1.063 350 713 31 32 33 1.372 3.277 3.029 2.690 1.079 2.243 3.599 3.782 1.515 3.649 34 238 56 87 258 320 832 1.030 -116 383 2.537 35 0 61 0 83 137 184 235 252 270 348 36 -13 -17 12 -6 -2 -387 -312 -20 -59 4 370 104 265 -3 4 -69 84 -210 49 8 480 532 -63 9 2 -462 -414 -90 26 16 503 -375 16 87 775 1.352 1.387 -182 175 -28 3.578 1.784 -167 229 1.732 4.798 2.568 609 175 1.446 37 38 39 40 41 -189 -84 -217 -110 0 0 0 0 0 0 42 -230 -154 -8 395 -49 -342 1.289 -541 -241 197 43 135 1 99 -10 264 94 78 -22 -153 -300 208 0 306 0 117 0 258 0 565 0 44 45 16 8 13 97 40 13 6 50 46 49 11 14 26 102 11 26 8 55 13 65 75 51 15 111 129 70 13 23 11 90 12 18 138 160 20 19 366 46 47 46 49 (A) FOREIGN CLAIMS 31 32 33 COMMERCIAL BANK LIABILITY TO FOREIGN AFFILIATES ASSET-REST OF THE WORLD LIAB.—COMMERCIAL BANKS FOREIGN BANKING AGS. 34 DIRECT FOREIGN INVESTMENT BY U.S. CORPORATIONS LIAB.-REST OF THE WORLO DIRECT FOREIGN INVESTMENT IN U.S. 35 LIAB.-CORPORATE BUSINESS U.S. GOVT. EO. IN IBRD, ETC. LIAB.-REST OF THE WORLD 36 37 38 39 40 41 FOREIGN CURR. EXCEPT OFFICIAL LIAB.-REST OF THE WORLD ASSET-CORPORATE BUSINESS U.S. GOVERNMENT COMMERCIAL BANKS FOREIGN BANKING AGS. (B) U. S. GOVERNMENT CLAIMS 42 POSTAL SAVINGS DEPOSITS (LIAB.-U.S. GOVT.) ASSET—HOUSEHOLDS DEPOSITS AT FHLB (ASSET—5+L ASSOCIATIONS) LIAB.-SPONSORED CREDIT AGS. 43 44 EO. IN U.S. GOVT. CREDIT AGS. U.S. GOVERNMENT 45 PRIVATE FARM BUSINESS (FICB ♦ FLB) 46 47 NONFARM NONCORPORATE (BC) 48 CORPORATE BUSINESS (FNMA) 49 S*L ASSOCIATIONS (FHLB) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 9 23 92 AUGUST 1974 MISCELLANEOUS II MISCELLANEOUS II 23 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 + 1965-73 II 1959 ,| 1965 1966 1967 1968 1969 1970 1971 1972 1973 (C) LIFE INSURANCE CLAIMS 1 218 264 356 288 355 386 430 318 540 400 DEFERRED AND UNPAID PREMIUMS (ASSET-LIFE INSURANCE) LIAB.-HOUSEHOLDS 1 LIFE COMPANY RESERVES (ASSET-HOUSEHOLDS) LIAB.-LIFE INSURANCE COS. ACCIDENT AND HEALTH POLICY DIVIDEND ACCUM. 2 3 4 4 380 84 296 638 156 482 724 220 504 772 308 464 868 330 538 960 405 555 1.169 595 574 1.060 418 642 1.266 455 811 1.438 563 875 5 6 7 8 9 1.144 313 82 179 570 1.546 719 140 271 416 1.785 709 161 350 565 2.076 803 214 391 668 2.466 929 277 471 789 3.345 1.158 381 659 1.147 3.418 1.415 438 669 896 3.570 1.244 498 781 1.047 4.819 1.402 584 982 1.851 3.201 59 555 971 1.616 10 -27 903 -652 666 2.485 8.095 -1 .099 4.254 6.114 4.328 NET TOTAL (LIAB. LESS ASSETS) 10 11 12 13 14 15 1.010 0 -415 81 -119 2.327 127 -103 171 5 2.629 409 -5 53 -67 -85 3.371 363 -189 -2 49 7.546 196 527 -51 91 11.035 -298 -61 488 499 5.957 -613 1.152 949 386 4.507 7 821 -105 -154 9.367 1 29 265 -115 18.489 0 -363 1.407 760 NET CHANGE IN LIABILITIES U.S. GOVERNMENT U.S. GOVT.-WITHOUT LEVELS SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 11 12 13 14 15 16 17 18 19 20 24 346 0 -293 -29 1.485 1.252 0 146 87 1.174 558 0 340 276 1.715 1.390 0 31 294 5.122 4.144 0 726 252 5.889 3.692 322 760 1.115 4.028 2.359 965 210 494 1.902 2.088 571 -1.266 509 6.827 6.109 -1.298 1.550 466 5.029 3.960 -952 1.548 473 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES BANKS IN U.S. POSS. 16 17 18 19 20 21 22 23 24 889 58 665 -166 292 191 151 50 867 531 66 -270 -161 -416 163 -92 137 492 -167 18 8 3.053 -483 3.529 -7 -822 -65 -952 -195 -579 -1.063 1.005 521 1.542 2.328 -53 733 11.379 1.400 10.312 333 FLOATS IN COML. BANK STMNT ON INTERBANK DEPOSITS ON INTERBANK LOANS LESS: ON MEMBER BK. RES. 21 22 23 24 25 26 27 28 29 161 86 -139 0 442 114 135 538 0 -437 369 -11 493 0 33 350 147 863 0 236 398 112 590 0 424 392 213 471 0 389 617 96 528 0 -364 1.173 120 1.070 0 252 903 215 1.594 0 -1.894 875 596 1.298 0 -2.492 SAVTNGS * LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE REITS REST OF THE WORLD 25 26 27 28 29 30 31 32 33 34 1.037 34 0 -199 32 1.424 69 766 -226 3 3.281 -60 864 228 112 2.705 -18 1.216 -672 96 5.061 -6 1.880 1.354 144 2.940 253 1.565 325 850 7.056 802 1.192 2.734 256 253 189 1.331 -330 71 3.253 -372 2.021 -1.735 10 14.161 1.666 4.722 818 78 35 36 37 38 39 40 304 -48 152 147 0 615 713 99 206 281 0 -487 855 126 -120 898 0 378 438 149 -19 837 0 678 -41 267 262 352 100 749 -163 -49 476 324 122 -763 789 264 391 15 336 277 622 227 600 68 49 -2.574 197 371 467 51 155 2.088 941 281 517 55 1.108 3.975 2 3 (D) NONLIFE INSURANCE CLAIMS LIAB.-OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS 5 6 7 8 9 (E) UNALLOCATED ASSETS + LIAB. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS NET CHANGE IN ASSETS SPONSORED CREDIT AGENCIES COMMERCIAL BANKS FOREIGN BANKING AGENCIES BANKS IN U.S. POSSESSIONS SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNOS REITS REST OF THE WORLD 30 31 32 33 34 35 36 37 38 39 40 AUGUST 1974 TOTAL CLAIMS TOTAL CLAIMS 24 TOTAL FINANCIAL ASSETS AND LIABILITIES ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 ♦ 1965-73 I I 1959 |I 1965 1966 1967 1968 1969 1970 1971 1972 1973 TOTAL FUNDS RAISED AND ADVANCED IN CREDIT MARKETS (1) ———— ———— — — — 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TOTAL FUNDS RAISED IN CREDIT MARKETS BY: NONFINANCIAL SECTORS U.S. GOVERNMENT FOREIGN PRIVATE DOMESTIC HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS S. + L. GOVERNMENTS FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES SAVINGS ♦ LOAN ASSNS. OTHER INSURANCE COMPANIES FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. 21 TOTAL FUNDS ADVANCED IN CREDIT MARKETS BY: PRIVATE DOM. NONFIN. SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE ♦ LOCAL GOVERNMENTS 22 23 24 25 26 27 U.S. GOVERNMENT 28 29 30 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES FEDERAL RESERVE SYSTEM 31 32 33 34 35 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES BANKS IN U.S. POSS. 36 37 38 39 PRIVATE NONBANK FINANCE SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 60.968 83.170 79.634 84.448 114.278 125.496 110.783 163.896 198.332 239.364 1 52.825 7.089 834 44.902 21.524 1.932 2.367 12.614 6.465 69.892 1.768 2.714 65.410 28.319 3.290 5.749 20.394 7.658 67.900 3.633 1.519 62.748 22.672 3.110 5.416 25.276 6.274 82.433 13.005 4.028 65.400 19.318 3.622 4.957 29.559 7.944 95.944 13.398 2.829 79.717 29.954 2.832 5.559 31.546 9.826 91.829 -3.646 3.682 91.793 31.717 3.176 7.359 38.871 10.670 98.233 12.802 2.739 82.692 23.374 3.249 5.273 39.473 11.323 147.402 25.500 4.644 117.258 39.827 4.098 8.700 46.793 17.840 169.394 17.317 4.286 147.791 63.125 4.857 10.358 55.275 14.176 187.365 9.714 7.528 170.123 72.815 8.617 9.282 67.151 12.258 2 3 4 5 6 7 8 9 10 8.143 2.274 132 0 -2 1 .074 135 2.765 0 1.765 13.278 2.114 1.823 0 -10 805 85 5.240 0 3.221 11.734 4.825 -103 0 55 83 81 3.116 0 3.677 2.015 -621 82 0 -28 -1.702 110 1.217 0 2.957 18.334 3.476 1.210 0 85 1.132 247 5.701 685 5.798 33.667 8.783 1.394 4.209 158 4.104 549 8.337 1.346 4.787 12.550 8.234 -3.057 -1.860 80 1.845 393 1.591 2.695 2.629 16.494 3.844 2.540 -376 1.641 -66 599 4.170 2.997 1.145 28.938 6.182 4.048 664 844 1.960 456 9.333 6.147 -696 51.999 19.589 4.515 2.244 5.084 5.962 452 9.419 6.320 -1.586 11 12 13 14 15 16 17 18 19 20 60.968 83.170 79.634 84.448 114.278 125.496 110.783 163.896 198.332 239.364 21 20.861 11.630 221 7.493 1.517 5.728 2.325 436 207 2.760 16.641 16.396 490 -2.041 1.796 -63 -1.568 430 1.422 -347 13.855 5.218 489 5.863 2.285 40.682 31.156 597 2.485 6.444 -4.287 —2.872 586 -2.311 310 -8.551 -14.272 687 7.037 -2.003 8.345 1.074 1.074 2.571 3.626 31.115 21.540 1.264 7.872 439 22 23 24 25 26 1.778 2.773 4.911 4.552 4.937 2.876 2.833 3.236 2.622 2.982 27 35.103 2.224 315 75.012 2.231 3.828 59.952 5.117 3.479 77.263 -93 4.801 93.094 3.241 3.719 80.656 8.870 4.223 101.270 10.030 4.981 141.960 3.167 8.866 176.694 7.030 271 201.771 20.255 9.227 28 29 30 4.820 4.749 0 103 -32 28.768 28.428 0 249 91 17.528 16.965 0 431 132 35.933 35.346 0 439 148 38.807 38.255 0 467 85 18.296 12.739 3.946 1.381 230 35.162 33.253 -992 2.766 135 50.575 50.279 -114 99 311 70.672 68.824 -242 1.803 287 86.656 80.895 1.702 3.950 109 31 32 33 34 35 27.744 8.392 1.599 674 40.185 9.577 3.882 1.044 33.828 4.181 2.688 1.112 36.622 9.199 5.194 866 47.327 10.217 4.338 1.299 49.267 9.946 3.180 1.571 51.097 11.645 4.101 1.465 79.352 29.232 10.028 2.632 98.721 36.409 10.386 3.086 85.633 27.133 5.372 2.937 36 37 38 39 40 41 42 43 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. + L. GOVT., RTR. FUND OTHER INSURANCE COS. 5.236 3.475 1.949 1.569 8.240 5.204 3.28 8 1.139 7.981 6.300 4.175 1.863 8.382 5.306 4.002 1.757 9.037 5.780 4.677 2.685 8.402 5.991 5.616 2.553 8.991 6.937 6.143 4.867 11.758 7.351 6.186 6.248 13.774 6.532 7.759 6.641 15 .610 7.243 9.247 4.971 40 41 42 43 44 45 46 47 FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. SECURITY BKRS. + DEALERS 3.400 0 1.381 69 5.671 0 2.057 83 2.139 0 2.488 901 551 0 1.339 26 5.133 230 3.475 456 8.017 8 77 2.626 488 702 2.112 1.693 2.441 4.112 2.544 444 -1.183 10.758 4.867 -1.838 347 10.136 4.480 -2.516 1.020 44 45 46 47 3.226 -343 -1.870 2.696 2.392 1.282 10.967 27.251 10.671 3.496 48 48 REST OF THE WORLD TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS TOTAL FUNDS RAISED (FROM PRECEDING TABLE) OTHER LIABILITIES: OFFICIAL FOREIGN EXCHANGE 2 3 TREASURY CURR. + SDR CTFS. 60.968 83.170 79.634 84.448 114.278 125.496 110.783 163.896 198.332 239.364 1 39 39 443 234 3 899 1.118 683 2.053 416 287 272 -2.541 622 -1.731 490 -155 533 -200 422 2 3 6.669 -1.258 8.207 -9.465 7.927 69.224 52.242 14.277 37.965 16.982 99.317 58.766 17.403 41.363 40.551 108.022 61.893 19.550 42.343 46.129 95.014 66.896 15.962 50.934 28.118 4 5 6 7 8 5 6 7 8 DEPOSITS AT FINANCIAL INSTS. BANKING SYSTEM DEMAND DEP. + CURRENCY TIME ♦ SAVINGS DEPOSITS SAVINGS INSTITUTIONS 11.401 2.985 1.914 1 .071 8.416 40.471 27.376 7.268 20.108 13.095 24.128 17.194 3.905 13.289 6.934 55.870 38.911 14.997 23.914 16.959 48.200 35.498 14.777 20.721 12.702 9 INSURANCE ♦ PENSION RESERVES 11.867 17.043 19.430 19.633 20.107 21.252 24.300 27.731 30.320 31.636 9 10 11 12 13 14 SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE NONCORP. PROPRIETORS' EQUITY MISCELLANEOUS 63 6.016 2.431 -4.647 4.110 1.124 13.171 1.68 7 -1.942 7.715 775 11.986 159 -3.180 11.961 7.023 11.052 -4.903 -3.774 10.535 6.582 18.939 3.021 -2.218 15.367 -6.656 22.699 -3.091 -3.460 26.325 -799 9.981 -3.125 -4.663 10.997 3.791 6.101 1 .804 -4.729 10.232 8.870 17.034 -106 -7.409 22.688 -8.195 23.748 2.659 -4.434 36.685 10 11 12 13 14 15 INTERBANK CLAIMS 15 16 TOTAL LIABILITIES ABOVE - FLOATS NOT INCL. IN ASSETS 17 DEMAND DEPOSITS-U.S. GOVT. 18 OTHER 19 TRADE CREDIT - LIABILITIES NOT ALLOCATED AS ASSETS 20 TREASURY CURRENCY 21 TAXES PAYABLE 22 MISCELLANEOUS 23 TOTALS ALLOCATED TO SECTORS AS ASSETS (1) INCLUDES CORPORATE EQUITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 129 324 2.294 2.765 3.645 1.952 4.457 5.582 1.985 7.864 92.416 163.440 148.089 184.450 230.390 191.745 219.236 312.484 380.114 424.563 16 -4 -546 -354 411 46 -1.505 -283 -934 -1.970 124 -1.234 595 444 480 -1.506 -585 2.059 -2.146 50 1.172 535 -173 98 1.738 568 3.156 -4.146 339 93 -2.250 17 18 19 -38 -125 -27 64 457 903 157 788 -652 216 -694 666 249 1.044 2.485 219 -499 8.095 -79 —889 -1.099 12 103 4.254 -153 381 6.114 19 -102 4.328 20 21 22 93.510 163.064 150.983 184.777 227.194 184.602 219.546 306.452 374.194 422.136 23 AUGUST 1974 SAVING BY INDIVIDUALS SAVING BY INDIVIDUALS 25 AMOUNT AND COMPOSITION OF INDIVIDUALS' SAVING (1) ANNUAL FLOWS, 1959 + 1965-73 — I I 1959 || ANNUAL FLOWS, 1959 + 1965-73 1965 1966 1967 1968 1969 1970 1971 1972 1973 1 2 3 36.493 828 11.325 58.203 7.776 28.022 62.605 3.854 20.456 68.953 11.300 34.815 73.343 12.512 30.263 62.053 1.631 6.009 80.594 11.288 44.402 99.684 11.087 70.250 124.403 12.105 75.360 138.164 13.054 67.673 4 5 6 7 8 9.844 -1.796 5.981 1 .538 3.258 3.091 635 990 902 1.749 15.078 654 2.637 4.394 3.599 -2.510 890 -723 1.355 -2.195 3.671 373 5.361 -180 -761 30.033 -386 10.468 2.761 9.611 -3.010 281 -12.742 2.775 -751 -14.465 2.425 -11.818 -4.983 -151 2.920 3.295 -2.604 -96 960 21.046 2.700 6.521 11.139 4.335 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AGENCY SEC. STATE + LOCAL OBLIGATIONS 4 5 6 7 8 9 10 11 12 258 5 1.765 -1.165 984 -9 3.221 -5.381 1.982 2.748 3.677 -4.613 4.599 -2.125 2.957 -7.268 4.651 729 5.798 -12.300 6.616 4.759 4.787 -8.583 10.680 -1.524 2.629 -4.358 9.318 -3.922 1.145 -6.479 5.185 1.546 -696 -4.670 1.059 3.464 -1.586 -6.586 CORPORATE + FOREIGN BONDS COMMERCIAL PAPER INVESTMENT COMPANY SHARES CTHER CORPORATE EQUITIES 9 10 11 12 6.101 6.491 4.587 4.635 7.209 13 3.312 4.691 4.983 4.912 5.136 2.100 2.600 14 1.975 2.925 5.950 5.150 5.175 2.075 2.925 3.275 15 3.661 5.534 7.157 6.562 6.405 7.256 6.799 6.342 7.137 7.737 5.488 9.199 2.919 5.586 7.073 11.080 11.540 16 4.743 6.142 8.752 3.614 2.629 3.787 5.715 6.790 3.128 17 2.271 5.081 3.698 4.755 — — — — — — — — —— — INCREASE IN FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY SAVINGS ACCOUNTS 1 2 3 PRIVATE LIFE INSURANCE RES. PRIVATE INSURED PENSION RES. PRIVATE NONINSURED PEN. RES. GOVT. INSURANCE + PEN. RES. MISCELLANEOUS FINAN. ASSETS 13 14 15 16 17 18 19 20 21 22 81.915 21.373 15.625 44.306 611 110.844 19.097 23.726 66.308 1.713 114.119 18.941 23.997 70.752 429 116.685 17.001 25.623 73.120 941 132.582 21.091 26.817 84.032 642 143.045 21.960 29.211 90.790 1.084 140.171 19.627 30.385 91.297 -1.138 166.363 26.906 34.288 103.918 1.251 190.562 34.283 39.016 118.442 -1.179 213.148 37.537 42.813 130.310 2.488 GROSS INV. IN TANGIBLE ASSETS NONFARM HOMES NONCORP. BUS. PLANT ♦ EQUIP. CONSUMER DURABLES INVENTORIES 18 19 20 21 22 23 24 25 26 56.779 4.900 13.073 38.806 75.077 7.143 16.417 51.517 80.266 7.422 17.243 55.601 86.899 7.844 18.369 60.686 95.284 8.302 19.609 67.373 104.514 8.684 21.271 74.559 112.388 8.997 22.648 80.743 121.295 9.304 24.526 87.465 131.290 10.008 27.193 94.089 143.512 10.358 29.902 103.252 CAPITAL CONSUMPTION ALLOWANCES NONFARM HOMES NONCORP. BUS. PLANT + EQUIP. CONSUMER DURABLES 23 24 25 26 27 28 29 30 31 25.136 16.473 2.552 5.500 611 35.767 11.954 7.309 14.791 1.713 33.853 11.519 6.754 15.151 429 29.786 9.157 7.254 12.434 941 37.298 12.789 7.208 16.659 642 38.531 13.276 7.940 16.231 1.084 27.783 10.630 7.737 10.554 -1.138 45.068 17.602 9.762 16.453 1.251 59.272 24.275 11.823 24.353 -1.179 69.636 27.179 12.911 27.058 2.488 NET INV. IN TANGIBLE ASSETS NONFARM HOMES NONCORP. BUS. PLANT + EQUIP. CONSUMER DURABLES INVENTORIES 27 28 29 30 31 32 33 34 35 36 37 38 26.960 12.560 3.025 6.415 14 474 4.472 38.564 15.232 6.559 9.615 736 581 5.841 31.407 12.652 5.404 6.355 -73 1.490 5.579 33.781 10.371 7.179 4.545 3.684 991 7.011 42.333 14.625 6.821 9.987 2.918 1.288 6.694 39.958 16.072 6.989 10.376 -3.400 2.605 7.316 32.191 12.481 8.031 6.017 -1.780 2.308 5.134 57.335 24.169 11.236 11.231 2.609 1.013 7.077 85.815 38.424 13.223 19.170 4.672 945 9.381 87.619 44.208 12.858 22.922 -4.570 2.226 9.975 INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES NONCORP BUS. MORTGAGE DEBT CONSUMER CREDIT SECURITY CREDIT POLICY LOANS OTHER DEBT 32 33 34 35 36 37 38 39 40 41 34.669 2.919 5.500 55.406 4.743 14.791 65.051 5.586 15.151 64.958 5.488 12.434 68.308 6.142 16.659 60.626 7.073 16.231 76.186 8.752 10.554 87.417 9.199 16.453 97.860 11.080 24.353 120.181 11.540 27.058 39 40 41 42 43 44 427 -24 25.847 939 -2 34.935 1.318 28 42.968 1.690 -53 45.399 2.458 16 43.033 2.536 -25 34.811 923 -95 56.052 776 -48 61.037 1.420 131 60.876 944 307 80.332 INDIVIDUALS' SAVING (1+27-32) - GOVT. INSURANCE ♦ PEN. RES. - NET INVESTMENT IN CONS. DUR. - CAPITAL GAINS DIVIDENDS FROM INVESTMENT COMPANIES - NET SAVING BY FARM CORPS. = PERSONAL SAVING, F/F BASIS 42 43 44 45 19.083 28.432 32.527 40.366 39.758 38.212 56.201 60.498 52.594 74.348 PERSONAL SAVING, NIA BASIS 45 46 6.764 6.503 10.441 5.033 3.275 -3.401 -149 539 8.282 5.984 DIFFERENCE 46 (1) COMBINED STATEMENT FOR HOUSEHOLDS, FARM, AND NONFARM NONCORPORATE BUSINESS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST 1974 DISCREPANCIES DISCREPANCIES 26 DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS ANNUAL FLOWS, 1959 + 1965-73 ANNUAL FLOWS, 1959 ♦ 1965-73 II 1959 || 1965 1966 1967 1968 1969 1970 1971 1972 1973 SECTOR DISCREPANCIES 1 TOTAL, ALL SECTORS 2 HOUSEHOLDS CORPORATE BUSINESS 3 4 STATE + LOCAL GOVERNMENTS 5 U. S. GOVERNMENT FOREIGN 6 7 8 9 10 11 12 13 14 15 16 FINANCIAL SECTORS SPONSORED AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKS PRIVATE NONBANK FINANCE SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C. -293 -6.766 4.287 900 442 411 3.493 -6.505 8.850 876 647 -280 -1.886 -10.444 8.162 -208 -824 -448 326 -5.034 5.770 -503 -979 -1.048 5.862 -3.343 9.616 -296 610 -486 13.247 3.451 5.971 4.452 389 -2.342 6.092 157 6.713 -247 794 -1.205 7 987 -534 10 190 9 124 94 -9 776 10.057 -8.282 14.760 7.146 368 -1.758 7.405 -6.009 13.804 5.136 -81 -2.176 1 2 3 4 5 6 433 5 0 766 -95 25 0 -108 1.876 54 0 228 2.120 31 0 -363 -239 80 0 -135 1.326 61 0 -275 -120 54 0 -435 -1 111 -11 0 -1 051 -2.177 -62 0 -1.083 -3.269 -34 0 -1.559 7 8 9 10 -338 86 34 396 -279 -575 -12 160 -2 -272 362 -260 1.594 318 -28 295 242 767 2.452 487 -15 632 621 727 -184 280 -104 -738 -236 614 1.540 102 -12 190 914 346 261 194 99 92 -775 651 -49 315 32 269 -782 117 -1.032 -158 -177 951 -412 -1.236 -1.676 -88 -66 -989 -55 -478 11 12 13 14 15 16 TRANSACTION DISCREPANCIES 1 TOTAL, ALL TYPES 2 TREASURY CURRENCY DEMAND DEPOSIT MAIL FLOATS: 3 U.S. GOVERNMENT 4 OTHER -293 -38 3.493 64 -1.886 157 326 216 5.862 249 13.247 219 6.092 -79 7.987 12 10.057 -153 7.405 19 1 2 -4 -546 411 46 -2 83 -934 124 -1.234 444 480 -585 2.059 50 1.172 -173 98 568 3.156 339 93 3 4 5 6 7 8 -354 -125 -27 801 -1.505 457 903 3.117 -1.970 788 -652 1.008 595 -694 666 653 -1.506 1.044 2.485 2.666 -2.146 -499 8.095 6.104 535 -889 -1.099 6.402 1.738 103 4.254 1.955 -4.146 381 6.114 4.137 -2.250 -102 4.328 4.978 5 6 7 8 TRADE CREDIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL —— ———— —— — — 9 10 11 12 NONFINANCIAL COMPONENTS: NIA DISCREPANCY (NEG.) FARM DISCREPANCY (NEG.) NONFARM NONCORP DISCREP. TRADE DEBT (POSITIVE) (NEG) 13 TOTAL NONFINANCIAL DISCREPANCY MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. -803 0 1 -1 801 -3.119 0 3 1 -1.011 3 -1 -1 -654 0 1 0 -2.734 -1 1 -68 -6.054 0 -1 49 -6.394 -1 5 12 -2.323 -1 -6 -2 -3.808 -1 -1 -2 -4.959 -1 -2 -28 9 10 11 12 AUGUST 1974 CREDIT MARKET DEBT CREDIT MARKET DFBT 27 CREDIT MARKET DEBT OWED BY NONFINANCIAL SECTORS YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 1959 11 1965 1966 YEAR-END OUTSTANDINGS, 1959 + 1965-73 1967 1968 1969 1970 1971 1972 1973 TOTAL CREDIT MARKET DEBT OUTSTANDING 708.801 1037.588 1102.800 1181.622 1276.882 1363.881 1456.650 1592.269 1751.444 1930.415 OWED BY NONFINANCIAL SECTORS 288.568 277.958 10.610 2 3 4 237.981 236.185 1.796 262.178 257.663 4.515 265.811 260.003 5.808 278.816 268.916 9.900 292.214 279.235 12.979 5 6 7 8 9 10 11 12 13 470.820 330.874 65.486 76.710 188.678 128.714 18.668 29.195 12.101 775.410 529.952 100.278 107.965 321.709 208.894 37.183 54.457 21.175 836.989 568.856 105.925 118.567 344.364 220.592 40.307 60.148 23.317 902.806 613.432 113.703 133.461 366.268 232.083 43.910 64.824 25.451 984.668 1075.313 1155.280 1264.899 1406.757 1576.014 663.689 713.286 771.459 855.475 950.512 1046.348 123.219 133.143 144.389 161.950 176.329 190.038 147.277 159.268 180.466 200.767 214.166 224.092 393.193 420.875 446.604 492.758 560.017 632.218 247.138 262.794 275.599 301.379 341.009 384.353 47.280 52.019 57.843 66.616 76.883 85.300 71.256 76.601 81.926 91.905 106.687 123.734 27.519 29.461 31.236 32.858 35.438 38.831 14 15 16 17 18 139.946 53.387 51.544 1.466 33.549 245.4*58 93.834 89.883 4.189 57.552 268.133 104.579 96.238 5.225 62.091 289.374 114.078 100.783 7.351 67.162 320.979 127.205 110.770 8.972 74.032 19 20 21 22 23 24 25 26 470.820 21.075 66.521 198.360 184.864 18.934 23.486 142.444 775.410 38.872 103.055 333.213 300.270 32.299 46.195 221.776 836.989 39.900 109.329 354.686 333.074 35.769 51.565 245.740 902.806 42.849 117.282 374.003 368.672 39.249 56.521 272.902 984.668 1075.313 1155.280 1264.899 1406.757 1576.014 45.309 61.004 47.500 50.585 55.758 68.548 127.212 137.882 149.205 167.045 193.479 181.221 404.293 435.900 459.274 498.793 562.018 634.833 407.854 454.031 496.216 543.303 602.514 679.154 41.907 45.083 52.041 48.332 56.898 64.525 62.079 69.460 74.722 83.424 93.779 103.064 303.868 339.488 373.162 407.838 451.837 511.565 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 362.027 142.538 121.146 12.306 86.037 301.370 290 .844 10.526 383.821 148.785 127.163 16.071 91.802 327.370 316.867 10.503 409.424 158.099 138.394 15.177 97.754 344.687 330.786 13.901 456.245 179.619 157.564 13.612 105.450 354.401 338.525 15.876 529.666 218.245 180.486 15.430 115.505 U.S. GOVERNMENT PUBLIC DEBT SECURITIES AGENCY ISSUES + MORTGAGES ALL OTHER NONFINANCIAL SECTORS DEBT CAPITAL INSTRUMENTS S. + L. GOVERNMENT SECS. CORPORATE + FOREIGN BONDS MORTGAGES HOME MORTGAGES OTHER RESIDENTIAL COMMERCIAL FARM 1 2 3 4 5 6 7 8 9 10 11 12 13 OTHER PRIVATE CREDIT BANK LOANS N.E.C. CONSUMER CREDIT OPEN-MARKET PAPER OTHER 14 15 16 17 18 BY BORROWING SECTOR: FOREIGN STATE + LCCAL GOVERNMENTS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 19 20 21 22 23 24 25 26 AUGUST 1974 CREDIT MARKET SUPPLY OF FUNDS 28 CREDIT MARKET SUPPLY OF FUNDS DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 II 1959 |, 1 TOTAL CREDIT MARKET DEBT CLAIMS AGAINST NONFINANCIAL SECTORS 1965 1966 1967 1968 1969 1970 1971 1972 1973 708.801 1037.588 1102.800 1181.622 1276.882 1363.881 1456.650 1592.269 1751.444 1930.415 1 BY PUBLIC AGENCIES + FOREIGN 2 TOTAL HELD 3 U.S. GOVERNMENT SECURITIES 4 RESIDENTIAL MORTGAGES 5 FHLB AOVANCES TO S + L'S 6 OTHER LOANS + SECURITIES BY AGENCY: 7 U.S. GOVERNMENT 8 SPONSORED CRFDIT AGENCIES 9 MONETARY AUTHORITIES 10 FOREIGN 73.579 37.975 7.160 2.134 26.310 112.826 55.936 7.445 5.997 43.448 124.187 59.330 10.221 6.935 47.701 135.194 66.139 12.284 4.386 52.385 146.772 69.520 15.095 5.259 56.898 161.467 70.217 19.727 9.289 62.234 190.004 86.093 25.452 10.615 67.844 231.327 119.915 31.108 7.936 72.368 250.262 128.325 36.336 7.979 77.622 283.183 139.277 43.943 15.147 84.816 2 3 4 5 6 25.677 9.908 26.728 11.266 37.672 18.265 40.996 15.893 42.049 23.382 44.475 14.281 46.551 23.289 49.276 16.078 51.135 26.530 52.995 16.112 53.999 35.400 57.218 14.850 56.670 45.430 62.199 2c.705 59.230 48.597 71.065 52.435 62.214 55.627 71.336 61.085 65.236 75.882 80.563 61.502 7 8 9 10 7.259 14.182 19.007 18.386 21.862 30.645 L8.879 43.175 49.357 68.946 11 642.481 206.279 65.486 76.176 141.069 155.605 2.134 938.944 218.243 100.278 107.281 240.477 278.662 5.997 997.620 1064.814 1151.972 1233.059 1305.525 1404.117 1550.539 1716.178 223.602 229.307 242.619 247.423 252.658 249.204 264.379 282.801 105.925 123.219 133.143 144.389 113.703 161.950 176.329 190.038 117.310 132.533 146.423 158.857 178.799 198.513 211.602 221.752 252.461 265.429 280.977 296.659 309.488 338.313 382.896 426.979 305.257 328.228 363.993 406.266 430.806 464.073 523.312 609.755 6.935 5.259 9.289 4.386 10.615 7.979 7.936 15.147 12 13 14 15 16 17 18 463.352 188.501 99.783 150.144 24.924 752.347 300.938 183.013 219.062 49.334 796.916 317.253 191.311 234.558 53.794 860.339 353.122 206.209 247.521 53.487 935.507 391.863 221.653 261.553 60.438 991.882 1066.646 1177.636 1330.996 1489.839 566.884 653.484 410.681 445.749 496.341 236.046 252.816 294.533 343.797 378.878 274.261 291.528 304.860 322.582 344.714 70.894 76.553 81.902 97.733 112.763 19 20 21 22 23 463.352 265.810 20.142 752.347 439.895 48.492 796.916 461.195 51.655 860.339 511.038 51.262 935.507 556.875 59.713 991.882 1066.646 1177.636 1330.996 1489.839 559.557 622.781 713.129 810.660 895.402 78.941 78.663 140.191 88.006 108.593 24 25 26 177.400 7.306 5.050 125.284 39.760 263.960 15.044 5.525 181.472 61.919 284.066 18.699 4.992 195.749 64.626 298.039 20.970 5.234 206.454 65.381 318.919 23.573 5.010 216.851 73.485 353.384 32.906 5.054 228.871 86.553 365.202 24.451 7.938 242.268 90.545 376.501 21.213 10.169 249.798 95.321 411.743 26.405 10.875 260.131 114.332 454.246 33.004 9.865 281.356 130.021 27 28 29 30 31 11 AGENCY DEBT NOT IN LINE 1 PRIVATE DOMESTIC HOLDINGS 12 TOTAL PRIVATE HOLDINGS 13 U.S. GOVERNMENT SECURITIES 14 STATE + LOCAL OBLIGATIONS 15 CORPORATE + FOREIGN BONDS 16 RESIDENTIAL MORTGAGES 17 OTHER MORTGAGES + LOANS 18 LESS: FHLB ADVANCES PRIVATE FINANCIAL INTERMEDIATION 19 20 21 22 23 CREDIT MARKET CLAIMS HELD BY PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE 24 SOURCES OF FUNDS 25 PRIVATE DOMESTIC DEPOSITS CREDIT MARKET DEBT 26 27 28 29 30 31 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE + PENSION RES. OTHER, NET PRIVATE DOMESTIC NONFINANCIAL INVESTORS 32 CREDIT MARKET CLAIMS U.S. GOVERNMENT SECURITIES 33 34 STATE + LOCAL OBLIGATIONS CORPORATE ♦ FOREIGN BONDS 35 36 COMMERCIAL PAPER OTHER 37 199.271 110.222 32.674 9.877 906 45.592 235.089 113.317 43.132 13.504 8.414 56.722 252.359 121.669 45.728 15.176 10.741 59.045 255.737 120.265 43.139 18.983 12.644 60.706 276.178 128.322 42.906 23.719 18.440 62.791 320.118 145.334 51.167 30.302 28.601 64.714 317.542 136.305 49.949 40.965 24.194 66.129 314.487 122.301 50.535 50.522 23.561 67.568 328.136 123.906 52.671 55.646 27.535 68.378 366.530 141.669 57.104 56.802 38.814 72.141 32 33 34 35 36 37 38 DEPOSITS + CURRENCY 39 TIME ♦ SAVINGS ACCOUNTS 40 LARGE NEGOTIABLE CD'S 41 OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 42 295.389 158.518 0 64.846 93.672 477.100 312.842 15.011 126.217 171.614 50C.378 332.034 14.782 138.345 178.907 552.333 371.223 19.087 156.635 195.501 600.602 404.996 22.603 174.089 208.304 606.122 402.832 8.931 177.566 216.335 672.827 458.994 23.949 201.721 233.324 766.567 540.003 31.613 234.655 273.735 868.510 625.250 40.323 265.289 319.638 957.193 701.501 58.871 294.830 347.800 38 39 40 41 42 136.871 107.292 29.579 164.258 127.053 37.205 168.344 129.161 39.183 181.110 139.815 41.295 195.606 151.879 43.727 203.290 156.725 46.565 213.833 163.787 50.046 226.564 173.126 53.438 243.260 185.410 57.850 255.692 193.901 61.791 43 44 45 TOTAL OF CREDIT MARKET INSTRU MENTS, DEPOSITS + CURRENCY 494.660 712.189 752.737 808.070 876.780 926.240 990.369 1081.054 1196.646 1323.723 46 47 PUBLIC SUPPORT RATE (?) 48 PVT. FINAN. INTERMEDIATION («) 49 TOTAL FOREIGN FUNDS 10.380 72.119 18.572 10.873 80.126 30.937 11.261 79.881 32.980 11.441 80.797 37.048 11.494 81.209 39.685 11.838 80.440 47.756 14.288 85.840 87.490 14.669 86.811 94.506 47 48 49 43 44 45 46 MONEY DEMAND DEPOSITS CURRENCY 13.043 81.702 50.156 14.528 83.870 73.648 CORPORATE EQUITIES NOT INCLUDED ABOVE 1 TOTAL MARKET VALUE 2 MUTUAL FUND SHARES 3 OTHER EQUITIES 453.988 15.818 438.170 748.968 35.220 713.748 682.653 34.829 647.824 869.539 1027.629 52.677 44.701 824.838 974.952 907.642 48.289 859.353 900.555 1046.144 1223.080 56.694 47.618 59.831 852.937 989.450 1163.249 967.957 46.519 921.438 1 2 3 4 ACQ. BY FINANCIAL INSTITUTIONS 5 OTHER HOLDINGS 41.946 412.042 96.902 652.066 93.089 589.564 120.320 749.219 143.009 884.620 139.539 768.103 148.309 752.246 190.989 855.155 198.716 769.241 4 5 236.146 986.934 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. Line 1. Page 2, line 2. 2. Sum of lines 3=6 or 7-10. 6. 11. Includes farm and commercial mortgages. Credit market funds raised by Federally sponsored credit agencies. Included below in lines 13 and 33. Includes all GNMA-guaranteed security issues backed by mortgage pools. 12. Line 1 less line 2 plus line 11. Also line 19 less line 26 plus line 32. Also sum of lines 27, 32, 39, and 44. 17. Includes farm and commercial mortgages. 25. Lines 39 +44. 26. Excludes equity issues and investment company shares. Includes line 18. 28. Foreign deposits at commercial banks5 bank borrowings from foreign branches, and liabilities of foreign banking agencies to foreign affiliates. Demand 29. deposits at commercial banks. 30. Excludes net investment of these reserves in corporate equities. 31. Mainly retained earnings and net miscellaneous liabilities. 32. Line 12 less line 19 plus line 26. 33-37. Lines 13-17 less amounts required by private finance. 37 includes mortgages. 39+44. See line 25. 45. Mainly an offset to line 9. 46. Lines 32 + 38 or line 12 less line 27 plus line 45. 47. Line 2/line 1. 48. Line 19/llne 12. 49. Lines 10 plus 28. Corporate equities Line 1 and 3. Includes issues by financial institutions. Line AUGUST 1974 HOUSEHOLDS HOUSEHOLDS 29 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 II 1959 |, 1965 1966 1967 1968 1969 1970 1971 1972 1973 HOUSEHOLDS, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS ! 946.538 1464.429 1460.006 1694.952 1910.277 1853.685 1918.860 2134.482 2405.781 2302.342 2 3 365.820 71.499 547.761 94.221 587.946 98.075 635.800 109.376 690.102 121.693 732.300 123.347 786.774 134.520 859.212 145.484 952.793 1062.206 157.327 170.248 4 5 6 153.839 60.167 93.672 287.525 115.911 171.614 306.831 127.924 178.907 341.511 146.010 195.501 371.692 163.388 208.304 377.822 161.487 216.335 422.284 188.960 233.324 492.534 218.799 273.735 567.894 248.256 319.638 635.567 287.767 347.800 TIME + SAVINGS ACCOUNTS AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 4 5 6 7 8 9 1C 11 12 140.482 73.457 45.907 11.808 13.380 2.362 166.015 81.801 49.595 12.411 15.237 4.558 183.040 89.487 50.249 13.173 17.113 8.952 184.913 91.009 51.139 12.204 17.359 10.307 196.717 96.562 51.512 20.119 14.739 10.192 231.131 109.405 51.126 31.730 13.596 12.953 229.970 99.718 51.407 22.664 9.919 15.728 221.194 85.294 53.832 10.206 10.259 10.997 227.572 85.888 57.127 10.874 6.986 10.901 256.391 105.258 59.827 19.168 5 .213 21.050 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES SAVINGS BONDS SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES 7 8 9 10 11 12 13 14 15 16 27.251 9.877 11 29.886 36.365 13.504 3 34.342 39.964 15.176 2.751 35.662 37.714 18.983 626 36.581 36.953 23.719 1.355 38.128 46.131 30.302 6.114 39.179 45.380 40.965 4.590 39.317 45.229 50.522 668 39.481 46.189 55.646 2.214 37.635 50.524 56.802 5.678 38.129 S. ♦ L. OBLIGATIONS CORPORATE ♦ FGN. BONDS COMMERCIAL PAPER MORTGAGES 13 14 15 16 17 18 19 402.679 15.818 386.861 637.467 35.220 602.247 576.921 34.829 542.092 733.708 44.701 689.007 865.069 52.677 812.392 749.962 48.289 701.673 733.557 47.618 685.939 833.726 56.694 777.032 959.107 59.831 899.276 744.418 46.519 697.899 CORPORATE EQUITIES INVESTMENT COMPANY SHARES CTHER CORPORATE SHARES 17 18 19 20 21 81.956 82.273 105.876 153.809 110.570 163.640 115.424 185.229 120.045 206.377 125.023 217.416 130.265 237.563 136.437 271.567 142.997 314.542 150.274 307.811 LIFE INSURANCE RESERVES PENSION FUND RESERVES 20 21 22 23 989 12.821 2.533 16.983 2.730 18.199 4.943 19.848 7.039 21.645 5.221 23.763 4.354 26.347 4.889 28.651 5.023 31.319 4.817 32.816 SECURITY CREDIT MISCELLANEOUS ASSETS 22 23 24 208.150 348.658 370.693 394.388 428.440 457.522 480.046 522.837 591.882 661.118 25 26 27 28 29 198.360 125.966 8.317 39.247 12.297 333.213 206.338 14.228 70.893 18.990 354.686 218.990 15.485 76.244 19.994 374.003 229.361 16.679 79.428 21.355 404.293 243.986 17.814 87.745 23.025 435.900 260.058 19.090 97.105 24.041 459.274 272.539 20.450 102.064 25.099 498.793 296.397 21.667 111.295 27.099 562.018 334.821 23.088 127.332 30.232 634.833 379.029 24.496 147.437 33.049 30 31 6.430 6.103 11.715 11.049 12.030 11.943 13.917 13.263 16.409 15.314 17.307 18.299 18.222 20.900 20.062 22.273 22.942 23.603 24.742 26.080 32 33 5.536 2.067 9.098 3.044 9.025 3.323 12.709 3.729 15.627 4.218 12.227 4.707 10.447 5.207 13.056 5.552 17.728 6.160 13.142 6.767 34 2.187 3.303 3.659 3.947 4.302 4.688 5.118 5.436 5.976 6.376 TOTAL FINANCIAL ASSETS DEP. + CR. MKT. INSTR. (1) DEMAND DEPOSITS + CURRENCY TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS SECURITY CREDIT TRADE CREDIT DEFERRED AND UNPAID LIFE INSURANCE PREMIUMS (1) EXCLUDES CORPORATE EQUITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 1 2 3 24 25 26 27 28 29 30 31 32 33 34 AUGUST 1974 BUSINESS BUSINESS 30 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 II 1959 I I 1965 1967 1966 1968 NONFINANCIAL 1 TOTAL FINANCIAL ASSETS 2 DEMANO OEPOSITS + CURRENCY TIME DEPOSITS 3 4 CREOIT MARKET INSTRUMENTS 5 TRADE CREDIT 6 MISCELLANEOUS ASSETS 7 TOTAL LIABILITIES 8 CREDIT MARKET INSTRUMENTS 9 TAX-EXEMPT BONDS 10 CORPORATE BONOS HOME MORTGAGES 11 12 OTHER MORTGAGES 13 BANK LOANS N.E.C. 14 OTHER LOANS 15 16 TRAOE OEBT, NET OTHER LIABILITIES 1970 1969 1971 1972 1973 BUSINESS - TOTAL 207.300 48.103 1.500 40.773 78.247 38.677 290.924 47.430 13.131 45.939 120.967 63.457 306.253 47.748 11.741 44.388 132.968 69.408 325.918 49.294 13.820 46.240 141.310 75.254 358.784 51.208 14.194 52.592 159.960 80.830 391.792 53.766 11.790 55.674 182.689 87.873 409.320 54.818 13.485 53.949 191.051 96.017 437.661 55.465 17.085 61.673 196.742 106.696 476.075 55.620 20.195 65.318 216.789 118.153 527.991 55.350 21.549 74.454 240.868 135.770 1 2 3 4 5 6 273.153 184.864 0 71.856 2.748 51.647 44.104 14.509 433.804 300.270 0 97.800 2.556 98.587 74.941 26.386 477.287 333.074 0 108.024 1.602 108.287 85.496 29.665 517.960 368.672 0 122.682 2.722 117.506 93.374 32.388 578.267 407.854 0 135.575 3.152 128.241 104.473 36.413 643.632 454.031 0 147.550 2.736 138.991 119.145 45.609 692.241 496.216 0 167.306 3.060 150.555 124.814 50.481 746.859 543.303 86 186.113 4.982 169.712 130.729 51.681 822.600 602.514 634 198.300 6.188 195.920 146.455 55.017 925.124 679.154 2.430 207.459 5.324 223.369 180.479 60.093 7 8 9 10 11 12 13 14 65.868 22.421 104.568 28.966 114.785 29.428 123.718 25.570 141.090 29.323 162.581 27.020 171.283 24.742 176.556 27.000 192.570 27.516 212.646 33.324 15 16 FARM BUSINESS 7.982 6.200 1.782 1.584 198 8.497 6.000 2.497 2.178 319 8.704 6.000 2.704 2.339 365 9.067 6.100 2.967 2.553 414 9.646 6.300 3.346 2.830 516 10.182 6.400 3.782 3.211 571 10.786 6.515 4.271 3.649 622 11.477 6.638 4.839 4.147 692 12.413 6.900 5.513 4.731 782 13.128 6.900 6.228 5.286 942 1 2 3 4 5 22.433 18.934 12.101 4.866 1.967 577 1.390 38.445 32.299 21.175 7.667 3.457 941 2.516 42.781 35.769 23.317 8.600 3.852 929 2.923 47.077 39.249 25.451 9.300 4.498 1.087 3.411 49.998 41.907 27.519 9.700 4.688 1.034 3.654 53.865 45.083 29.461 10.328 5.294 1.019 4.275 58.056 48.332 31.236 11.155 5.941 967 4.974 62.878 52.041 32.858 12.500 6.683 1.014 5.669 69.186 56.898 35.438 14.314 7.146 1.050 6.096 78 . 2 75 64.525 38.631 17.327 8.367 1.169 7.198 6 7 8 9 10 11 12 3.499 6.146 7.012 7.828 8.091 8.782 9.724 10.837 12.268 13.750 13 1 TOTAL FINANCIAL ASSETS 2 DEMAND OEPOSITS ♦ CURRENCY 3 MISCELLANEOUS ASSETS 4 INSURANCE RECEIVABLES 5 EQUITY IN SPONS. AGS. (1) 6 TOTAL LIABILITIES 7 CREOIT MARKET INSTRUMENTS 8 MORTGAGES 9 BANK LOANS N.E.C. OTHER LOANS 10 U.S. GOVERNMENT 11 12 FICB 13 TRAOE DEBT NONFARM NONCORPORATE BUSINESS 20.694 12.707 5.091 2.896 2.856 40 23.682 12.515 7.084 4.083 3.975 108 24.533 12.515 7.576 4.442 4.325 117 25.363 12.515 8.004 4.644 4.716 128 26.335 12.515 8.494 5.326 5.187 139 27.605 12.515 9.092 5.998 5.846 152 28.875 12.515 9.678 6.682 6.515 167 30.355 12.515 10.364 7.476 7.296 180 32.423 12.515 11.438 8.470 8.278 192 34.677 12.515 12.701 9.461 9.249 212 1 2 3 4 5 6 7 TOTAL LIABILITIES 8 CREDIT MARKET INSTRUMENTS 9 MORTGAGES 10 HOME MORTGAGES MULTI-FAMILY 11 12 COMMERCIAL 24.783 23.486 12.797 1.374 9.335 2.088 46.493 46.195 27.147 1.278 21.846 4.023 50.596 51.565 29.512 801 24.245 4.466 56.233 56.521 33.221 1.361 27.045 4.815 61.685 62.079 36.665 1.576 29.745 5.344 69.055 69.460 40.436 1.368 33.317 5.751 74.537 74.722 45.333 1.530 37.655 6.148 83.582 83.424 53.341 2.491 43.826 7.024 94.786 93.779 62.563 3.094 51.109 8.360 103.089 103.064 69.630 2.662 57.044 9.924 7 8 9 10 11 12 BANK LOANS N.E.C. OTHER LOANS 3.531 7.158 6.623 12.425 7.956 14.097 8.560 14.740 9.655 15.759 11.795 17.229 11.170 18.219 11.375 18.708 12.105 19.111 12.488 20.946 13 14 1.297 15.169 13.872 298 14.338 14.040 -969 13.485 14.454 -288 14.663 14.951 -394 13.460 13.854 -405 13.852 14.257 -185 12.958 13.143 158 13.115 12.957 1.007 13.569 12.562 25 12.024 11.999 15 16 17 1 2 3 1 TOTAL FINANCIAL ASSETS OEMAND OEPOSITS ♦ CURRENCY 2 3 CONSUMER CREDIT 4 MISCELLANEOUS ASSETS 5 INSURANCE RECEIVABLES 6 EQUITY IN SPONS. AGS. (1) 13 14 15 16 17 TRAOE OEBT, NET TRADE DEBT TRAOE CREOIT CORPORATE BUSINESS 1 TOTAL FINANCIAL ASSETS 2 LIQUID ASSETS 3 DEMANO OEPOSITS ♦ CURRENCY 4 TIME OEPOSITS 5 U.S. GOVERNMENT SECURITIES 6 STATE ♦ LOCAL OBLIGATIONS 7 COMMERCIAL PAPER 8 SECURITY R.P.'S 9 10 11 12 13 14 15 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FOREIGN DIRECT INVESTMENT FOREIGN CURRENCIES INSURANCE RECEIVABLES EQUITY IN SPONSOREO AGS. (1) 16 TOTAL LIABILITIES 17 CREOIT MARKET INSTRUMENTS 178.624 57.121 29.196 1.500 22.821 2.709 895 0 258.745 67.750 28.915 13.131 12.693 4.600 6.725 1.686 273.016 64.089 29.2 33 11.741 11.486 3.639 6.500 1.490 291.488 68.766 30.679 13.820 8.949 3.300 10.678 1.340 322.803 76.726 32.393 14.194 9.272 3.782 14.843 2.242 354.005 78.939 34.851 11.790 7.011 2.800 18.865 3.622 369.659 78.544 35.788 13.485 7.492 2.175 19.370 234 395.829 89.133 36.312 17.085 9.668 3.175 21.816 1.077 431.239 93.135 36.205 20.195 7.239 4.175 22.633 2.688 480.186 100.084 35.935 21.549 5.426 4.038 27.874 5.262 9.257 78.247 33.999 29.735 132 4.081 51 13.151 120.967 56.877 49.233 781 6.766 97 13.697 132.968 62.262 53.926 885 7.331 120 13.969 141.310 67.443 58.255 1.055 7.999 134 13.959 159.960 72.158 61.623 1.587 8.788 160 14.284 182.689 78.093 66.627 1.306 9.935 225 15.000 191.051 85.064 72.966 931 10.831 336 15.573 196.742 94.381 79.826 2.318 11.878 359 17.145 216.789 104.170 85.962 4.102 13.729 377 19.153 240.868 120.081 97.670 6.670 15.345 396 9 10 11 12 13 14 15 225.937 142.444 348.866 221.776 383.910 245.740 414.650 272.902 466.584 303.868 520.712 339.4P8 559.648 373.162 600.399 407.838 658.628 451.837 743.760 511.565 16 17 4 5 6 7 8 18 19 20 21 22 23 TAX-EXEMPT BONOS (2) CORPORATE BONOS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 0 71.856 29.497 1.374 9.333 18.790 0 97.800 52.821 1.278 15.337 36.206 0 108.024 57.060 801 16.062 40.197 0 122.682 61.556 1.361 16.865 43.330 0 135.575 67.209 1.576 17.535 48.098 0 147.550 71.830 1.368 18.702 51.760 0 167.306 77.046 1.530 20.188 55.328 86 186.113 88.495 2.491 22.790 63.214 634 198.300 104.107 3.094 25.774 75.239 2.430 207.459 120.232 2.662 28.256 89.314 18 19 20 21 22 23 24 25 26 27 BANK LOANS N.E.C. OPEN—MARKET PAPER FINANCE COMPANY LOANS U.S. GOVERNMENT LOANS 35.707 611 3.994 779 60.651 1.242 7.586 1.676 68.940 2.153 7.521 2.042 75.514 3.686 7.231 2.233 85.118 5.331 8.978 1.657 97.022 7.996 13.316 1.774 102.489 10.558 13.704 2.059 106.854 9.097 15.589 1.604 120.036 8.550 18.365 1.845 150.664 8.249 20.361 2.170 24 25 26 27 28 29 30 PROFIT TAX LIABILITY TRAOE DEBT MISCELLANEOUS LIABILITIES 15.817 61.072 6.604 20.169 98.124 8.797 20.374 108.742 9.054 15.647 116.178 9.923 18.508 133.393 10.815 15.202 154.204 11.818 11.472 161.744 13.270 13.345 165.561 13.655 13.253 179.275 14.263 15.576 198.871 17.748 28 29 30 17.175 22.843 24.226 25.132 26.567 28.485 29.307 31.181 37.514 41.997 31 31 MEMO: NET TRAOE CREOIT (1) SHARES IN FICB'S, BANKS FOR COOPS, AND LAND BANKS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. (2) INDUSTRIAL POLLUTION CONTROL REVENUE BONDS. THESE ARE FORMALLY ISSUED BY STATE AND LOCAL GOVERNMENT AUTHORITIES, BUT THEY FINANCE PRIVATE INVESTMENT AND ARE SECURED IN INTEREST AND PRINCIPAL BY IHE INDUSTRIAL USER OF THE FUNDS. AUGUST 1974 GOVERNMENTS GOVERNMENTS 31 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 I t 1959 || 1965 1966 1967 1968 1969 1970 1971 1972 1973 STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS 1 2 3 1 2 3 30.813 8.258 3.179 49.349 12.127 12.186 53.362 12.975 13.462 56.776 14.128 15.892 62.342 13.913 19.110 64.271 15.326 13.220 71.845 12.472 23.225 78.286 13.494 30.384 90.507 15.036 37.161 98.456 14.724 44.385 4 5 6 7 18.016 13.944 12.959 985 23.135 18.823 17.955 868 24.931 20.696 20.460 236 24.584 20.307 19.654 653 26.869 22.488 19.165 3.323 33.313 28.918 22.227 6.691 33.623 29.095 23.161 5.934 31.620 27.339 21.863 5.476 35.246 30.779 25.889 4.890 35.685 30.985 27.068 3.917 8 9 10 2.714 1.358 1.360 2.167 2.145 1.901 2.125 2.110 1.994 2.125 2.152 2.172 2.171 2.210 2.450 2.236 2.159 2.412 2.394 2.134 2.525 2.131 2.150 2.788 2.307 2.160 3.064 2.542 2.158 3.662 STATE ♦ LOCAL OBLIGATIONS HOME MORTGAGES TAXES RECEIVABLE 8 9 10 11 12 13 14 15 68.899 66.521 65.486 3.173 62.313 106.746 103.055 100.278 5.507 94.771 113.511 109.329 105.925 6.168 99.757 122.102 117.282 113.703 8.000 105.703 132.642 127.212 123.219 8.143 115.076 143.826 137.882 133.143 10.909 122.234 155.660 149.205 144.389 13.252 131.137 174.151 167.045 161.864 15.735 146.129 189.035 181.221 175.695 15.054 160.641 202.379 193.479 187.608 14.806 172.802 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS STATE + LOCAL OBLIGATIONS SHORT-TERM OTHER 11 12 13 14 15 16 17 1.035 2.378 2.777 3.691 3.404 4.182 3.579 4.820 3.993 5.430 4.739 5.944 4.816 6.455 5.181 7.106 5.526 7.814 5.871 8.900 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES DIRECT U.S. GOVT. AGENCY SEC. U.S. GOVERNMENT LOANS TRADE DEBT 4 5 6 7 16 17 U.S. GOVERNMENT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 52.489 2.110 6.111 285 25.677 0 4.206 1.364 20.107 12.810 7.297 13.173 1.722 3.411 71.164 1.137 6.902 250 37.672 45 3.886 1.713 32.028 19.028 13.000 17.402 3.122 4.679 75.471 905 6.816 220 42.049 1.356 4.489 1.948 34.256 19.764 14.492 16.680 4.371 4.430 78.856 1.304 8.266 267 46.551 1.269 5.217 2.101 37.964 22.270 15.694 12.293 5.839 4.336 85.948 3.340 6.586 368 51.135 1.404 6.049 2.393 41.289 24.430 16.859 13.992 6.414 4.113 89.605 4.691 7.729 211 53.999 104 6.143 3.006 44.746 26.527 18.219 11.438 7.333 4.204 90.919 3.582 10.181 463 56.670 7 6.003 3.491 47.169 27.708 19.461 9.089 6.556 4.378 95.285 2.094 13.482 529 59.230 25 5.685 3.846 49.674 29.526 20.148 10.527 4.852 4.571 97.025 2.627 13.336 606 62.214 8 5.079 4.209 52.918 31.690 21.228 9.764 4.033 4.445 102.855 2.887 12.646 439 65.236 6 3.893 4.812 56.525 33.422 23.103 11.927 4.307 5.413 TOTAL FINANCIAL ASSETS GOLD, SDR'S, ♦ OFF FGN EXCH DEMAND DEPOSITS + CURRENCY TIME DEPOSITS CREDIT MARKET INSTRUMENTS SPONSORED AGENCY ISSUES HOME MORTGAGES OTHER MORTGAGES OTHER LOANS TO REST OF THE WORLD TO OTHERS TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 264.385 2.639 237.981 45.907 84.749 105.529 797 152 847 296.444 3.064 262.178 49.595 108.799 99.269 240 2.430 1.845 303.197 3.963 265.811 50.249 110.233 99.521 345 3.680 1.783 319.102 4.646 278.816 51.139 118.874 98.903 462 7.718 1.720 334.433 5.062 292.214 51.512 119.393 108.330 1.931 9.394 1.654 332.018 5.334 288.568 51.126 128.400 98.432 1.573 7.464 1.573 346.734 5.956 301.370 51.407 133.809 105.628 1.891 7.137 1.498 375.470 6.446 327.370 53.832 130.370 132.665 2.531 6.546 1.426 396.423 6.979 344.687 57.127 143.546 130.113 4.513 8.048 1.340 408.640 7.401 354.401 59.827 153.051 125.647 5.259 9.348 1.269 TOTAL LIABILITIES TREASURY CURR. ♦ SDR CTFS. CREDIT MARKET INSTRUMENTS SAVINGS BONDS SHORT-TERM MARKETABLE OTHER DIRECT BUDGET AGENCY ISSUES LOAN PARTICIPATIONS HOME MORTGAGES 15 16 17 18 19 20 21 22 23 24 25 26 27 2.903 6.350 13.164 1.348 3.866 7.013 19.724 599 4.535 7.120 20.977 791 5.104 7.200 22.292 1.044 5.103 7.186 23.628 1.240 4.775 7.252 25.147 942 4.193 7.358 27.528 329 3.518 7.429 30.371 336 3.398 7.498 33.524 337 3.514 7.566 35.421 337 TRADE DEBT LIFE INSURANCE RESERVES RETIREMENT FUND RESERVES MISCELLANEOUS 24 25 26 27 FEDERALLY SPONSORED CREDIT AGENCIES 1 2 3 4 5 6 7 8 9 10 11 12 13 10.312 157 9.908 1.352 4.410 2.050 0 2.360 4.146 622 1.390 2.134 247 18.772 172 18.265 1.896 6.801 2.510 10 4.281 9.568 1.055 2.516 5.997 335 23.832 175 23.382 2.880 9.354 4.386 10 4.958 11.148 1.290 2.923 6.935 275 23.724 178 23.289 2.855 11.131 5.513 9 5.609 9.303 1.506 3.411 4.386 257 26.962 181 26.530 2.747 13.293 7.151 16 6.126 10.490 1.577 3.654 5.259 251 36.134 230 35.400 2.340 17.764 11.019 31 6.714 15.296 1.732 4.275 9.289 5 04 46.929 193 45.430 4.213 23.598 16.090 321 7.187 17.619 2.030 4.974 10.615 1.306 50.339 247 48.597 3.053 29.926 20.868 1.141 7.917 15.618 2.013 5.669 7.936 1.495 56.949 199 55.627 2.652 36.602 25.171 2.324 9.107 16.373 2.298 6.096 7.979 1.123 78.968 297 75.882 4.001 46.959 31.561 4.327 11.071 24.922 2.577 7.198 15.147 2.789 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES MORTGAGES HOME (FNMA) (1) MULTI-FAMILY (FNMA) (1) FARM (FLB) OTHER LOANS TO COOPS (BC) TO FARMERS (FICB) S+L'S (FHLB) MISCELLANEOUS ASSETS 14 15 16 17 9.804 7.259 7.120 139 17.969 14. 182 13.846 336 22.983 19.007 18.904 103 22.833 18.386 18.350 36 26.056 21.862 21.579 283 35.193 30.645 30.645 0 45.971 38.879 38.879 0 49.286 43.175 43.175 0 55.750 49.357 49.357 0 77.508 68.946 68.946 0 14 TOTAL LIABILITIES 15 CREDIT MARKET INSTRUMENTS SPONSORED AGENCY ISSUES(1) 16 U.S. GOVERNMENT LOANS 17 18 19 20 21 2.545 589 1.514 442 3.787 1.045 2.029 713 3.976 1.037 2.293 646 4.447 1.432 2.371 644 4.194 1.383 2.218 593 4.548 1.041 2.426 1.081 7.092 2.330 2.732 2.030 6.111 1.789 2.849 1.473 6.393 1.548 3.107 1.738 8.562 1.745 3.672 3.145 MISCELLANEOUS LIABILITIES DEPOSITS AT FHLB'S CAPITAL SUBSCRIPTIONS OTHER (1) ALL GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS ARE INCLUDED IN AGENCY SECURITIES. THE MORTGAGE POOLS ARE INCLUDED IN RESIDENTIAL MORTGAGES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 1 2 3 4 5 6 7 8 9 10 11 12 13 18 19 20 21 AUGUST 1974 BANKING SYSTEM BANKING SYSTEM SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES 32 YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 II 1959 || 1965 1966 1968 1967 1969 1970 1971 1972 1973 MONETARY AUTHORITIES 1 TOTAL FINANCIAL ASSETS 2 GOLD ♦ FOREIGN EXCHANGE 3 TREASURY CURR. + SDR. CTFS. 4 F.R. FLOAT 5 F.R. LOANS TO DOMESTIC BANKS 6 CREDIT MARKET INSTRUMENTS 7 U.S. GOVERNMENT SECURITIES SHORT-TERM DIRECT 8 9 OTHER DIRECT 10 AGENCY ISSUES ACCEPTANCES 11 BANK LOANS N.E.C. 12 53.320 19.394 5.155 1.590 453 26.728 26.648 20.192 6.456 0 75 5 63.072 14.313 5.419 2.248 96 40.996 40.768 31.888 8.880 0 187 41 67.296 13.977 6.161 2.510 173 44.475 44.282 36.481 7.801 0 193 0 72.147 13.526 6.628 2.576 141 49.276 49.112 39.193 9.919 0 164 0 75.791 12.370 6.795 3.443 188 52.995 52.937 32.552 20.385 0 58 0 79.962 12.273 6.848 3.440 183 57.218 57.154 37.610 19.544 0 64 0 85.249 10.905 7.549 4.261 335 62.199 62.142 38.488 23.654 0 57 0 93.547 10.073 8.027 4.343 39 71.065 70.804 39.523 30.695 586 261 0 96.528 10.524 8.713 3.974 1.981 71.336 71.230 41.174 28.732 1.324 106 0 105.527 11.491 9.116 3.099 1.258 80.563 80.495 50.646 27.870 1 .979 68 0 1 2 3 4 5 6 7 8 9 10 11 12 13 TOTAL LIABILITIES 14 MEMBER BANK RESERVES 15 VAULT CASH OF COML. BANKS 53.406 18.174 3.012 63.575 18.447 4.851 67.781 19.794 5.450 72.604 21.092 5.931 76.227 21.859 7.195 80.358 22.085 7.320 85.624 24.150 7.047 93.977 27.788 7.541 96.857 25.647 8.666 105.724 27.060 10.706 13 14 15 30.827 895 353 29.579 408 985 38.834 1.428 201 37.205 160 1.283 41.180 1.592 405 39.183 159 1.198 44.158 2.467 396 41.295 176 1.247 45.659 1.455 477 43.727 176 1.338 48.911 1.969 3 77 46.565 205 1.837 51.979 1.587 346 50.046 225 2.223 56.387 2.484 465 53.438 192 2.069 60.419 2.200 369 57.850 171 1.954 64.950 2.859 300 61.791 294 2.714 16 17 18 19 20 21 16 17 18 19 20 21 DEMAND DEPOSITS + CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS TAXES PAYABLE MISCELLANEOUS LIABILITIES COMMERCIAL BANKING (1) 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY 2 3 TOTAL BANK CREDIT 4 CREDIT MARKET INSTRUMENTS 5 U.S. GOVT. SECURITIES SHORT-TERM DIRECT 6 7 OTHER DIRECT AGENCY ISSUES 8 219.860 66 194.207 188.501 61.408 15.902 43.642 1 .864 343.530 144 310.387 300.938 65.991 26.692 33.505 5.794 363.696 176 327.362 317.253 62.853 21.833 34.952 6.068 404.567 226 364.755 353.122 72.258 27.344 35.909 9.005 450.837 249 404.882 391.863 75.512 29.088 36.218 10.206 472.986 284 422.640 410.681 65.496 24.924 30.674 9.898 518.220 387 459.243 445.749 75.923 30.322 32.194 13.407 576.712 514 510.593 496.341 83.567 24.903 40.728 17.936 654.979 683 586.022 566.884 *>0.030 30.328 37.703 21.999 755.226 969 669.282 653.484 88.757 28.524 30.674 29.559 1 2 3 4 5 6 7 8 9 10 11 12 13 CTHER SECURITIES ♦ MTGS. S. ♦ L. OBLIGATIONS CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 46.487 17.078 1.264 19.200 8.945 89.374 38.892 807 30.401 19.274 96.477 41.221 8 76 32.803 21.577 111.041 50.342 1.680 35.275 23.7*4 126.573 58.893 1 .984 38.765 26.931 132.170 59.536 1.929 41.356 29.349 146.210 70.204 2.731 42.329 30.946 169.332 82.811 4.006 48.020 34.495 194.992 89.961 5.717 57.004 42.310 220.910 95.661 6.181 67.998 51.070 9 10 11 12 13 14 15 16 17 18 OTHER CR. EXCL. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER HYPOTHECATED DEPOSITS 80.606 18.809 58.867 2.262 668 145.573 35.652 106.162 2.681 1.078 157.923 38.265 115.913 3.745 0 169.823 40.630 123.401 5.792 0 189.778 46.310 139.058 4.410 0 213.015 50.974 157.150 4.891 0 223.616 53.867 162.876 6.873 0 243.442 60.556 175.227 7.659 0 281.862 70.640 203.767 7.455 0 343.817 81.248 255.882 6.687 0 14 15 16 17 18 19 20 CORPORATE EOUITIES SECURITY CREDIT 65 5.641 172 9.277 235 9.874 299 11.334 365 12.654 414 11.545 508 12.986 491 13.761 620 18.518 676 15.122 19 20 21 22 23 24 VAULT CASH MEMBER BANK RESERVES OTHER INTERBANK CLAIMS MISCELLANEOUS ASSETS 3.012 18.174 399 4.002 4.851 18.447 920 8.781 5.450 19.794 929 9.985 5.931 21.092 1.881 10.682 7.195 21.859 2.581 14.071 7.320 22.085 4.200 16.457 7.047 24.150 5.892 21.501 7.541 27.788 7.556 22.720 8.666 25.647 8.984 24.977 10.706 27.060 14.993 32.216 21 22 23 24 202.937 122.838 5.050 117.788 320.017 148.586 5.525 1*3.061 338.977 150.145 4.992 145.153 378.163 162.164 5.234 156.930 422.652 175.440 5.010 170.430 443.477 180.385 5.054 175.331 486.959 191.594 7.938 183.656 543.175 204.589 10.169 194.420 618.349 220.929 10.875 210.054 714.465 233.517 9.865 223.652 25 26 27 28 67.788 0 67.541 247 147.695 16.251 130.946 498 159.834 15.659 143.639 536 183.748 20.330 162.771 647 204.469 23.468 180.200 801 195.125 10.919 183.174 1.032 233.090 26.074 205.608 1.408 274.453 34.759 238.026 1.668 316.796 44.519 271.071 1.206 367.730 64.531 301.387 1.812 29 30 31 32 25 TOTAL LIABILITIES 26 DEMAND DEPOSITS, NET 27 U.S. GOVERNMENT 28 OTHER 29 30 31 32 TIME DEPOSITS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING AGS. 33 34 35 36 37 CREDIT MARKET DEBT F.R. FLOAT BORROWING AT F.R. BANKS OTHER INTERBANK CLAIMS TAXES PAYABLE 44 1.590 453 399 469 3.355 2.248 96 920 702 3.318 2.510 173 929 671 3.409 2.576 141 1.881 590 4.761 3.443 188 2.561 539 10.553 3.440 183 4.200 617 5.589 4.261 335 5.892 957 8.770 4.343 39 7.556 930 13.158 3.974 1.981 8.984 730 23.785 3.099 1.258 14.993 815 33 34 35 36 37 38 39 40 MISCELLANEOUS LIABILITIES LIAB. TO FGN. AFFILIATES OTHER 9.356 2.591 6.765 16.415 4.665 11.750 21.397 7.607 13.790 23.654 8.310 15.344 31.231 10.628 20.603 48.974 18.564 30.410 45.241 11.625 33.616 42.495 7.556 34.939 51.797 8.489 43.308 69.268 9.552 59.716 38 39 40 (1) CONSISTS OF CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING AGENCIES." MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST 1974 COMMERCIAL BANKING SUBSECTORS COMMERCIAL BANKING SUBSECTORS 33 ASSETS AND LIABILITIES OF COMPONENT GROUPS OF COMMERCIAL BANKING YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 f I 1959 || 1965 YEAR-END OUTSTANDINGS, 1959 + 1965-73 1967 1966 1968 1969 1971 1970 1972 1973 COMMERCIAL BANKS 1 2 3 4 5 6 215.893 191.671 186.803 60.801 58.937 1.864 336.354 306.803 298.314 65.341 59.547 5.794 355.540 323.153 314.129 62.231 56.163 6.068 395.379 359.959 349.475 71.478 62.473 9.005 438.898 399.534 387.730 74.672 64.466 10.206 452.703 411.735 401.040 64.607 54.709 9.898 490.664 446.429 434.293 75.149 61.742 13.407 547.234 497.483 484.572 82.866 64.930 17.936 624.505 570.977 553.396 88.820 67.028 21.792 713.116 648.912 634.291 87.529 58.277 29.252 7 8 9 10 11 46.262 16.958 1.245 19.135 8.924 88.824 38.725 798 30.115 19.186 95.801 41.004 850 32.4R4 21.463 110.147 50.006 1.616 34.893 23.632 125.660 58.573 1.908 38.348 26.831 131.053 59.183 1.850 40.907 29.113 144,793 69.637 2.664 41.760 30.732 167.958 82.420 3.938 47.344 34.256 193.272 89.534 5.348 56.306 42.084 218.944 95.145 5.767 67.286 50.746 12 13 14 15 16 79.740 18.809 58.001 2.930 4.868 144.149 35.652 104.866 3.631 8.489 156.097 38.265 114.215 3.617 9.024 167.850 40.630 121.556 5.664 10.484 187.398 46.310 136.806 4.282 11.804 205.380 50.974 149.643 4.763 10.695 214.351 53.867 153.739 6.745 12.136 233.748 60.556 165.661 7.531 12.911 271.30* 70.640 193.337 7.327 17.581 327.818 81.248 240.011 6.559 14.621 17 18 19 21.206 21.186 20 23.335 23.298 37 25.311 25.244 67 27.079 27.023 56 29.134 29.054 80 29.543 29.405 138 31.531 31.197 334 35.541 35.329 212 37.068 34.313 2.755 42.847 37.766 5.081 TOTAL FINANCIAL ASSETS TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES DIRECT AGENCY ISSUES 1 2 3 4 5 6 OTHER SECURITIES ♦ MTGS. 7 S. ♦ L. OBLIGATIONS 8 9 CORPORATE BONDS 10 HOME MORTGAGES OTHER MORTGAGES 11 OTHER CR. EXCL. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 12 13 14 15 16 17 INTERBANK CLAIMS VAULT CASH + MEM. BK. RES. 18 19 DEP. AT FGN. BANKING AGS. 20 3.016 6.216 7.076 8.341 10.230 11.425 12.704 14.210 16.460 21.357 MISCELLANEOUS ASSETS 20 21 22 23 24 198.970 121.810 5.050 116.760 312.841 146.990 5.525 141.465 330.821 148.597 4.992 143.605 368.975 160.479 5.234 155.245 410.713 172.765 5.010 167.755 423.194 177.372 5.054 172.318 459.403 181.997 7.938 174.059 513.697 195.471 10.169 185.302 587.875 215.558 10.875 204.683 672.355 228.552 9.865 218.687 TOTAL LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 21 22 23 24 25 26 27 67.541 0 67.541 147.197 16.251 130.946 159.298 15.659 143.639 183.101 20.330 162.771 203.668 23.468 180.200 194.093 10.919 183.174 231.682 26.074 205.608 272.785 34.759 238.026 315.590 44.519 271.071 365.918 64.531 301.387 28 29 30 0 0 469 1.590 1.686 702 1.694 1.490 6 71 1.963 1.340 590 2.221 2.349 539 2.037 3.958 617 2.135 676 957 2.990 1.737 930 4.127 3.480 730 4.135 6.771 815 31 32 33 34 35 36 37 2.422 1.590 453 331 0 0 48 3.227 2.248 96 652 0 0 231 3.545 2.510 173 712 0 0 150 4.542 2.576 141 1.572 0 0 253 6.132 3.443 188 2.278 0 0 223 7.685 3.440 183 3.110 0 585 367 10.154 4.261 335 4.357 55 682 464 11.726 4.343 39 5.645 102 991 606 12.184 3.974 1.981 4.402 441 599 787 38 39 40 6.728 525 6.203 11.449 1.383 10.066 15.526 4.036 11.490 16.960 4.241 12.719 23.039 6.039 17.000 37.432 12.822 24.610 31.802 5.655 26.147 28.058 903 27.155 TIME DEPOSITS LARGE NEGOTIABLE CD’S OTHER 25 26 27 CORPORATE BONDS SECURITY R.P.’S PROFIT TAX LIABILITIES 28 29 30 14.269 3.099 1.258 6.972 578 189 2.173 INTERBANK LIABILITIES F.R. FLOAT BORROWING AT F.R. BANKS DEM. DEP. OF FGN. BK. AGS. TIME DEP. OF FGN. BK. AGS. LOANS FROM AFFILIATES LOANS FROM FGN. BK. AGS. 31 32 33 34 35 36 37 36.206 1.400 34.806 51.895 1.750 50.145 MISCELLANEOUS LIABILITIES LIAB. TO FOREIGN BRANCHES OTHER 38 39 40 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.531 3.946 585 3.636 2.954 682 3.831 2.840 991 3.197 2.598 599 4.489 4.300 189 TOTAL FINANCIAL ASSETS BANK LOANS N.E.C. LOANS TO AFFILIATE BANKS 1 2 3 4 5 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.531 4.209 322 3.636 2.349 1.287 3.831 1.973 1.858 3.197 2.637 560 4.489 4.881 -392 TOTAL LIABILITIES COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 4 5 6 TOTAL FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER 1 2 3 4 5 6 7 EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS 1 2 3 4 5 6 7 3.356 1.477 526 85 0 866 0 5.832 2.028 509 94 1 1.296 128 6.536 2.396 459 110 1 1.698 128 7.274 2.771 576 218 4 1.845 128 9.773 3.172 620 167 5 2.252 128 12.471 4.504 641 169 5 3.561 128 20.145 7.176 497 360 8 6.183 128 21.363 7.292 263 167 8 6.726 128 22.527 8.966 567 134 305 7.832 128 32.398 12.860 658 163 340 11.571 128 8 9 10 11 12 13 65 773 331 0 48 662 172 788 652 0 231 1.961 235 8 50 712 0 150 2.193 299 850 1.572 0 253 1.529 365 850 2.278 0 223 2.885 414 850 3.110 0 367 3.226 508 850 4.357 55 464 6.735 491 850 5.645 102 606 6.377 620 937 4.402 441 787 6.374 676 501 6.972 578 2.173 8.638 14 15 16 17 18 3.356 1.028 247 20 44 5.832 1.596 498 37 79 6.536 1.548 536 67 134 7.274 1.685 647 56 106 9.773 2.675 801 80 191 12.471 3.013 1.032 138 349 20.145 9.597 1.408 334 429 21.363 9.118 1.668 212 2.070 22.527 5.371 1.206 2.755 2.914 32.398 4.965 1.812 5.081 7.998 19 20 21 2.017 2.066 -49 3.622 3.282 340 4.251 3.571 680 4.780 4.069 711 6.026 4.589 1.437 7.939 5.742 2.197 8.377 5.970 2.407 8.295 6.653 1.642 10.281 7.089 3.192 12.542 7.802 4.740 CORPORATE EQUITIES 8 9 SECURITY CREDIT DEM. DEPOSITS AT COML. BANKS 10 TIME DEPOSITS AT COML. BANKS 11 12 LOANS TO BANKS MISCELLANEOUS ASSETS 13 TOTAL LIABILITIES DEMAND DEP. IN MONEY STOCK TIME DEPOSITS DEPOSITS OF BANKS LOANS FROM BANKS MISCELLANEOUS LIABILITIES DUE TO FOREIGN AFFILIATES OTHER 14 15 16 17 18 19 20 21 BANKS IN U.S. POSSESSIONS 1 2 3 4 5 6 7 8 9 611 66 221 81 35 19 65 21 324 1.344 144 596 141 73 8 286 88 604 1.620 176 728 163 107 25 319 114 716 1.914 226 876 204 118 60 382 112 812 2.166 249 961 220 153 71 417 100 956 3.281 284 1.191 248 184 74 449 236 1.806 3.775 387 1.326 277 207 59 569 214 2.062 4.284 514 1.637 438 224 60 676 239 2.133 4.750 683 1.924 643 293 64 698 226 2.143 5.223 969 2.033 570 353 74 712 . 324 2.221 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS HOME MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 10 611 1.344 1,620 1.914 2.166 3.281 3.775 4.284 4.750 5.223 TOTAL DEPOSIT LIABILITIES MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. 1 2 3 4 5 6 7 8 9 10 AUGUST 1974 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES 34 YEAR-ENO OUTSTANDINGS, 1959 ♦ 1965-73 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 II 1959 I I 1965 1966 1967 1969 1968 1970 1971 1972 1973 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 TOTAL FINANCIAL ASSETS 2 OEMAND DEPOSITS ♦ CURRENCY TIME DEPOSITS (MSB) 3 4 S+L SHARES (CREDIT UNION) 5 6 7 8 9 10 11 12 13 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES S. + L. OBLIGATIONS CORPORATE ♦ FOREIGN BONDS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS 14 15 16 SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 17 TOTAL LIABILITIES 18 TIME ♦ SAVINGS ACCOUNTS 19 INSURANCE + PENSION RESERVES INVESTMENT COMPANY SHARES 20 339.251 8.486 82 329 584.721 11.520 211 434 610.263 11.270 171 75 672.215 12.001 205 316 736.323 12.905 157 133 767.453 12.488 56 29 820.035 13.466 300 82 928.577 1065.227 1102.033 14.545 16.156 18.163 637 760 452 404 222 448 1 2 3 4 41.881 274.851 34.649 15.734 73.378 92.986 28.463 18.387 11.254 96.730 451.409 38.935 18.254 110.709 162.244 64.946 33.996 22.325 92.854 479.663 39.080 18.976 119.861 167.771 71.703 36.700 25.572 120.021 507.217 36.784 20.222 131.775 175.602 78.442 38.180 26.212 142.644 543.644 38.785 21.420 141.694 184.116 85.611 42.007 30.011 139.125 581.201 36.593 22.440 149.078 193.172 93.205 46.796 39.917 147.801 620.897 40.430 24.236 160.702 200.629 103.279 48.618 43.003 190.498 681.295 43.336 28.604 174.643 218.423 117.867 51.901 46.521 235.526 764.112 50.443 33.697 187.849 249.090 134.637 58.341 50.055 198.040 836.355 52.375 37.273 198.714 274.577 150.047 67.384 55.985 5 6 7 8 9 10 11 12 13 3.773 1.782 8.067 5.986 2.649 15.782 5.950 2.898 17.382 9.164 3.176 20.115 12.005 3.476 21.359 8.478 3.898 22.178 7.190 4.370 25.929 9.709 4.661 27.195 13.633 5.842 28.873 9.073 6.500 32.738 14 15 16 306.207 94.001 144.715 15.818 534.344 172.048 232.948 35.220 561.406 178.982 246.113 34.829 620.108 195.817 271.161 44.701 680.257 208.437 295.608 52.677 714.051 216.364 310.040 48.289 764.983 233.406 332.942 47.618 865.418 273.957 370.204 56.694 990.314 1028.764 320.086 348.204 416.517 415.098 59.831 46.519 17 18 19 20 21 22 23 24 25 26 27 28 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS OPEN-MARKET PAPER FHLB LOANS 20.098 8.343 1.293 0 5.441 5.021 2.887 2.134 45.137 16.149 2.198 0 12.290 14.500 8.503 5.997 48.337 16.909 1.270 0 11.200 18.958 12.023 6.935 47.853 17.942 2.257 0 9.217 18.437 14.051 4.386 54.952 18.753 2.449 200 11.662 21.888 16.629 5.259 68.388 20.415 2.455 430 14.263 30.825 21.536 9.289 73.074 23.464 3.078 546 13.662 32.324 21.709 10.615 79.236 27.668 5.029 680 15.058 30.801 22.865 7.936 95.435 33.483 6.209 1.160 21.234 33.349 25.370 7.979 116.406 35.810 4.676 1.480 29.639 44.801 29.654 15.147 21 22 23 24 25 26 27 28 29 30 31 SECURITY CREDIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 4.887 918 25.770 8.737 1.084 39.170 9.576 1.070 42.499 12.745 958 46.873 16.199 1.169 51.215 13.173 1.277 56.520 14.153 1.522 62.268 15.302 1.513 68.512 19.416 1.720 77.309 15.972 1.848 84.717 29 30 31 SAVINGS AND LOAN ASSOCIATIONS 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS ♦ CURRENCY 3 CREDIT MARKET INSTRUMENTS 4 U.S. GOVERNMENT SECURITIES 5 HOME MORTGAGES 6 OTHER MORTGAGES 7 CONSUMER CREDIT 8 MISCELLANEOUS ASSETS 9 TOTAL LIABILITIES 10 SAVINGS SHARES CREOIT MARKET INSTRUMENTS 11 MORTGAGE LOANS IN PROCESS 12 BANK LOANS N.E.C. 13 14 FHLB ADVANCES 15 TAXES PAYABLE 16 MISCELLANEOUS LIABILITIES 63.530 1.594 58.951 4.935 49.535 3.606 875 2.985 129.580 2.855 119.823 8.164 94.225 16.081 1.353 6.902 133.933 2.329 124.362 8.551 97.423 17.004 1.384 7.242 143.534 2.010 133.419 10.133 103.327 18.478 1.481 8.105 152.890 1.579 143.283 10.860 110.295 20.507 1.621 8.028 162.149 1.398 153.170 11.139 117.893 22.339 1.799 7.581 176.183 1.653 164.742 12.293 124.970 25.361 2.118 9.788 206.023 2.169 193.974 17.498 142.275 31.975 2.22,6 9.880 243.127 2.770 230.383 21.778 167.049 39.133 2.423 9.974 272.358 3.364 257.516 22.771 188.051 44.053 2.641 11.478 1 2 3 4 5 6 7 8 59.137 54.583 3.680 1.293 253 2.134 6 868 120.876 110.385 8.654 2.198 459 5.997 104 1.733 124.837 113.969 8.737 1.270 5 32 6.935 60 2.071 133.988 124.493 7.035 2.257 392 4.386 57 2.403 142.575 131.618 8.167 2.449 459 5.259 81 2.709 150.921 135.538 12.271 2.455 527 9.289 87 3.025 164.192 146.404 14.116 3.078 423 10.615 105 3.567 192.431 174.197 14.050 5.029 1.085 7.936 150 4.034 227.887 206.764 16.010 6.209 1.822 7.979 176 4.937 255.250 227.254 21.972 4.676 2.149 15.147 212 5.812 9 10 11 12 13 14 15 16 MUTUAL SAVINGS BANKS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY 2 3 TIME DEPOSITS 38.945 747 82 58.232 806 211 60.982 782 171 66.365 788 205 71.152 839 157 74.206 863 56 78.995 970 300 89.581 937 452 100.593 1.007 637 106.555 1.193 760 1 2 3 4 5 6 7 8 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS 813 37.017 7.319 721 3.627 1.426 54.949 6.225 320 2.925 1.467 57.596 5.718 251 3.212 1.686 62.571 5.372 219 5.287 1.937 66.852 5.181 194 6.614 2.175 69.787 4.671 193 6.946 2.508 73.520 4.973 197 8.147 2.983 83.373 6.165 390 12.030 3.600 93.142 7.568 873 14.166 3.961 98.153 7.076 921 13.074 4 5 6 7 8 HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT COMMERCIAL PAPER SECURITY RP»S MISCELLANEOUS ASSETS 16.887 8.105 184 174 0 286 30.064 14.553 514 348 0 840 31.673 15.664 628 450 0 966 33.467 17.023 758 445 0 1.115 35.047 18.409 889 411 107 1.367 36.443 19.695 1.005 498 336 1.325 37.342 20.606 1.095 718 442 1.697 38.641 23.337 1.195 955 660 1.836 41.650 25.906 1.476 711 792 2.207 44.247 28.984 1.707 635 1.509 2.488 9 10 11 12 13 14 34.977 606 52.443 1.124 55.006 1.113 60.121 1.260 64.507 1.372 67.086 1.585 71.580 1.689 81.441 1.809 91.613 2.024 96.347 2.620 15 16 9 10 11 12 13 14 15 SAVINGS DEPOSITS 16 MISCELLANEOUS LIABILITIES CREDIT UNIONS 1 TOTAL FINANCIAL ASSETS DEMAND OEPOSITS ♦ CURRENCY 2 SAVINGS ♦ LOAN SHARES 3 4 CREDIT MARKET INSTRUMENTS 5 U.S. GOVERNMENT SECURITIES 6 HOME MORTGAGES 7 CONSUMER CREDIT 4.441 297 329 3.815 190 345 3.280 9.220 545 434 8.2*1 337 580 7.324 10.007 579 75 9.353 466 633 8.254 11.203 668 316 10.219 548 668 9.003 12.312 661 133 11.518 511 707 10.300 13.740 622 29 13.089 330 731 12.028 15.422 786 82 14.554 768 800 12.986 18.319 911 222 17.186 1.569 847 14.770 21.709 989 448 20.272 2.359 1.000 16.913 24.603 990 404 23.209 2.600 1.000 19.609 1 2 3 4 5 6 7 8 CREDIT UNION SHARES 4.441 9.220 10.007 11.203 12.312 13.740 15.422 18.319 21.709 24.603 8 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST 1974 INSURANCE ♦ PENSION FUNDS INSURANCE ♦ PENSION FUNDS 35 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959 + 1965-73 I I 1959 || 1965 1966 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 1967 1968 1970 1969 1971 1972 1973 LIFE INSURANCE COMPANIES 1 2 1 2 110.107 1.307 154.089 1.502 161.696 1.531 172.095 1.559 182.869 1.683 190.856 1.634 200.521 1.758 214.749 1.763 232.486 1.981 244.620 2.071 3 4 5 6 7 8 9 10 11 12 4.561 100.611 6.971 3.221 46.486 23.583 15.614 116 4.620 3.628 9.126 137.730 5.122 3.507 61.098 29.589 30.424 311 7.679 5.731 8.755 145.443 4.740 3.131 63.450 30.233 34.376 394 9.119 5.967 10.877 152.808 4.458 2.993 67.294 29.763 37.753 487 10.060 6.851 13.230 160.488 4.382 3.206 71.162 29.030 40.945 458 11.305 7.468 13.707 167.185 4.074 3.221 72.673 27.964 44.063 1.365 13.825 8.330 15.420 174.192 4.161 3.306 74.144 26.676 47.699 2.142 16.064 9.151 20.607 182.310 4.006 3.363 79.610 24.604 50.892 2.770 17.065 10.069 26.845 192.584 4.320 3.367 86.599 22.466 54.853 2.981 17.998 11.076 25.919 204.637 4.392 3.412 92.450 22.000 59.180 3.004 20.199 11.993 13 14 15 16 17 103.111 75.606 17.575 434 9.496 141.888 98.863 27.325 532 15.168 149.852 103.450 29.425 592 16.385 158.959 108.224 32.050 481 18.204 168.139 112.859 34.975 643 19.662 177.462 117.771 37.900 698 21.093 187.682 122.907 41.175 823 22.777 201.018 129.008 46.350 796 24.864 216.334 135.499 52.300 811 27.724 231.465 142.708 57.450 847 30.460 TOTAL LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES TAXES PAYABLE MISCELLANEOUS LIABILITIES 13 14 15 16 17 TOTAL FINANCIAL ASSETS DEMAND OEPOSITS ♦ CURRENCY 1 2 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CORPORATE SHARES 3 CREDIT MARKET INSTRUMENTS 4 U.S. GOVERNMENT SECURITIES 5 STATE + LOCAL OBLIGATIONS 6 7 CORPORATE BONDS 8 HOME MORTGAGES 9 OTHER MORTGAGES OPEN-MARKET PAPER 10 POLICY LOANS 11 12 MISCELLANEOUS ASSETS PRIVATE PENSION FUNDS 1 2 34.131 535 73.568 941 75.820 900 89.371 1.319 101.438 1.592 102.545 1.619 110.771 1.804 130.472 1.641 156.486 1.857 133.293 2.296 3 4 5 6 7 8 14.525 17.903 2.829 14.085 989 1.168 40.736 29.582 3.555 22.703 3.324 2.309 39.507 32.206 3.064 25.231 3.911 3.207 51.058 32.950 2.512 26.355 4.083 4.044 61.438 34.012 2.945 27.000 4.067 4.396 61.585 34.621 2.792 27.613 4.216 4.720 67.240 36.992 3.028 29.666 4.298 4.735 88.600 35.428 2.732 29.013 3.683 4.803 114.880 34.895 3.690 28.207 2.998 4.854 89.240 36.848 4.328 29.812 2.708 4.909 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS HOME MORTGAGES MISCELLANEOUS ASSETS 3 4 5 6 7 8 STATE AND LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS 1 2 17.403 221 33.192 317 37.418 368 41.516 464 46.336 607 51.824 479 58.089 601 64.374 700 72.232 799 81.647 967 3 4 5 6 7 8 9 10 11 345 16.837 5.608 315 5.147 146 4.251 5.986 992 1.614 31.261 7.645 264 6.889 492 2.625 17.245 3.746 2.102 34.948 7.767 314 6.801 652 2.481 20.184 4.516 2.772 38.280 6.950 494 5.671 785 2.406 23.921 5.003 4.089 41.640 7.331 550 5.371 1.410 2.382 26.565 5.362 5.877 45.468 7.003 799 4.638 1.566 2.331 30.150 5.984 8.014 49.474 6.698 829 4.294 1.575 2.032 33.935 6.809 11.199 52.475 5.143 521 3.394 1.228 2.127 38.120 7.085 14.661 56.772 4.530 916 2.483 1.131 2.033 43.445 6.764 18.583 62.097 4.643 1.649 1.616 1.378 1.415 49.381 6.658 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 1 2 CORPORATE SHARES 3 4 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES 5 SHORT-TERM MARKETABLE 6 7 OTHER DIRECT AGENCY ISSUES 8 STATE + LOCAL OBLIGATIONS 9 10 CORPORATE BONDS MORTGAGES 11 OTHER INSURANCE COMPANIES 1 2 25.116 1.337 36.459 1.321 37.188 1.329 40.944 1.285 44.851 1.362 45.506 1.321 49.872 1.432 57.417 1.509 67.513 1.540 68.750 1.518 3 4 5 6 7 8 9 7.204 14.793 5.813 7.239 1.595 146 1.782 12.000 20.489 5.994 11.349 3.004 142 2.649 11.000 21.961 5.595 12.648 3.575 143 2.898 13.000 23.483 4.907 14.098 4.293 185 3.176 14.600 25.413 4.666 15.090 5.464 193 3.476 13.300 26.987 4.180 16.334 6.273 200 3.898 13.200 30.870 4.261 17.786 8.578 245 4.370 16.600 34.647 3.865 21.696 8.863 223 4.661 21.800 38.331 3.497 26.512 8.141 181 5.842 19.600 41.132 3.397 30.395 7.176 164 6.500 10 11 12 14.945 145 14.800 21.238 93 21.145 23.025 95 22.930 25.103 97 25.006 27.547 75 27.472 30.943 126 30.817 34.428 193 34.235 37.955 150 37.805 42.894 270 42.624 46.108 283 45.825 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE ♦ LOCAL OBLIGATIONS CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT TOTAL LIABILITIES TAXES PAYABLE POLICY PAYABLES 1 2 3 4 5 6 7 8 9 10 11 12 AUGUST 1974 FINANCE N.E.C. FINANCE N.E.C. 36 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 I I 1959 || 1966 1965 1967 1968 1969 1970 1971 1972 1973 FINANCE COMPANIES 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 HOME MORTGAGES 4 CONSUMER CREDIT 5 OTHER LOANS (TO BUSINESS) 6 TOTAL LIABILITIES 7 CORPORATE BONDS 8 BANK LOANS N.E.C. 9 OPEN-MARKET PAPER 10 TAXES PAYABLE 23.583 1.607 1.647 14.048 6.281 44.784 1.985 4.462 24.805 13.532 47.075 2.137 3.898 26.434 14.606 47.725 2.236 4.294 26.93B 14.257 52.935 2.313 4.935 29.197 16.490 61.594 2.429 5.742 31.964 21.459 62.529 2.662 5.883 32.419 21.565 66.954 2.946 6.965 33.710 23.333 77.974 3.208 11.097 37.529 26.140 88.356 3.454 12.469 43.427 29.006 1 2 3 4 5 16.701 8.343 5.188 2.887 283 36.745 16.149 11.831 8.503 262 39.828 16.909 10.668 12.023 228 40.990 17.942 8.825 14.051 172 46.690 18.753 11.137 16.629 171 55.534 20.320 13.459 21.536 219 57.157 22.864 z 12.333 21.709 251 61.352 26.652 12.338 22.085 277 70.963 32.093 16.442 22.130 298 80.437 33.870 20.535 25.679 353 6 7 8 9 10 REAL ESTATE INVESTMENT TRUSTS 1 PHYSICAL ASSETS MULTI-FAMILY STRUCTURES 2 3 NONRESIDENTIAL STRUCTURES 0 0 0 0 0 0 0 0 0 0 0 0 355 117 2 38 702 232 470 949 313 636 1.353 446 907 2.478 818 1.660 3.210 1.059 2.151 1 2 3 4 TOTAL FINANCIAL ASSETS 5 HOME MORTGAGES MULTI-FAMILY MORTGAGES 6 7 COMMERCIAL MORTGAGES 8 MISCELLANEOUS ASSETS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 330 35 75 120 100 1.329 183 393 531 222 3.777 660 1.013 1.546 558 6.370 1.408 1.755 2.600 607 11.392 2.830 2.934 4.R66 762 16.980 4.102 3.654 7.3 54 1.870 4 5 6 7 8 9 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 10 MORTGAGES 11 MULTI-FAMILY RESIDENTIAL 12 13 COMMERCIAL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 266 266 200 66 134 802 802 430 142 288 2.052 2.052 546 180 366 4.111 4.111 680 224 456 8.760 8.760 1.160 383 777 14.350 14.350 1.480 488 992 9 10 11 12 13 14 15 16 0 0 0 0 0 0 0 0 0 0 0 0 0 66 0 95 277 0 600 906 0 1.016 1.635 780 1.390 2.970 3.240 1.940 6.955 3.975 14 15 16 0 0 0 0 0 0 0 0 0 0 17 17 CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER MISCELLANEOUS LIABILITIES OPEN-END INVESTMENT COMPANIES 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 4 5 6 7 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS OPEN-MARKET PAPER 15.818 241 35.220 537 34.829 531 44.701 682 52.677 804 48.289 737 47.618 727 56.694 866 59.831 913 46.519 1.210 1 2 13.867 1.710 556 1.091 63 30.863 3.820 811 2.554 45 5 28.943 5.355 1.437 2.915 1.003 39.176 4.843 921 2.959 963 46.082 5.791 1.143 3.408 1.240 40.857 6.695 675 3.586 2.434 39.683 7.208 850 4.286 2.072 48.621 7.207 559 4.910 1.738 51.728 7.190 689 5.068 1.433 38.321 6.988 1.160 4.196 1.632 3 4 5 6 7 SECURITY BROKERS AND' DEALERS 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 6.177 600 10.377 711 11.315 784 14.761 990 18.533 1.465 15.415 1.386 16.258 1.073 17.624 1.103 21.884 1.092 18.352 1.100 1 2 3 4 5 6 7 8 566 1.238 428 302 508 3.773 965 2.715 1.082 453 1.180 5.986 1.080 3.501 1.742 465 1.294 5.950 1.452 3.155 983 506 1.666 9.164 1.268 3.795 1.766 548 1 .481 12.005 1.624 3.927 1.729 361 1.837 8.478 1.736 6.259 3.398 915 1.946 7.190 1.888 4.924 1.799 1.028 2.097 9.709 2.012 5.147 2.012 912 2.223 13.633 2.416 5.763 2.008 1.130 2 .62 5 9.073 3 4 5 6 7 8 4.937 4.887 3.018 773 1.096 50 8.830 8.737 5.258 788 2.691 93 9.671 9.576 5.821 8 50 2.905 95 12.896 12.745 6.641 850 5.254 151 16.398 16.199 7.674 850 7.675 199 13.320 13.173 6.668 850 5.655 147 14.303 14.153 8.600 850 4.703 150 15.442 15.302 9.252 850 5.200 140 19.581 19.416 13.090 937 5.389 165 16.125 15.972 10.321 501 5.150 153 10 11 12 13 14 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE ♦ LOCAL OBLIGATIONS CORPORATE BONDS SECURITY CREDIT 9 TOTAL LIABILITIES 10 SECURITY CREDIT FROM BANKS 11 12 FROM FOREIGN BANKING AGS. 13 CUSTOMER CREDIT BALANCES 14 TAXES PAYABLE MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 9 AUGUST 1974 REST OF WORLD REST OF WORLD TABLE 8. SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 1 1 1959 |f 1965 1966 1967 1968 1969 1970 1971 1972 1973 REST OF THE WORLD 2 3 4 59.800 20.688 2.140 2.575 87.992 29.424 4.373 6.006 89.594 29.950 4.776 6.316 98.024 29.535 5.106 7.554 107.901 30.013 5.693 7.252 115.589 29.156 5.981 8.361 125.242 32.766 6.169 6.657 153.505 36.778 6.453 7.204 184.422 43.425 7.975 9.941 200.799 47.270 10.622 12.830 5 6 7 8 9 9.363 11.266 9.975 534 757 14.599 15.893 13.227 684 1.982 12.643 14.281 10.812 1.257 2.212 15.511 16.078 12.903 928 2.247 19.551 16.112 12.432 8 54 2.826 18.141 14.850 10.619 411 3.820 18.689 25.705 19.731 1.667 4.307 21.429 52.435 46.033 2.254 4.148 27.827 61.085 54.435 2.564 4.086 24.823 61.502 54.775 2.340 4.387 10 11 107 664 158 957 175 1.418 311 1.814 636 2.735 434 4.390 349 5.779 311 5.883 366 7.296 333 8.282 12 12.997 16.582 20.035 22.115 25.909 34.276 29.128 23.012 26.507 35.137 13 14 15 2.591 6.604 3.802 4.665 8.797 3.120 7.607 9.054 3.374 8.310 9.923 3.882 10.628 10.815 4.466 18.564 11.818 3.894 11.625 13.270 4.233 7.556 13.655 1.801 8.489 14.263 3.755 9.552 17.748 7.837 16 59.034 101.412 107.150 116.205 126.068 134.857 143.193 155.898 170.727 194.178 17 1.997 1.644 1.647 2.765 4.818 5.105 2.564 861 706 560 18 19 20 21 21.075 4.854 2.853 13.368 38.872 10.165 7.178 21.529 39.900 10.543 7.053 22.304 42.849 10.779 6.787 25.283 45.309 11.702 6.323 27.284 47.500 11.718 6.086 29.696 50.585 13.160 5.749 31.676 55.758 14.654 7.308 33.796 61.004 15.866 10.222 34.916 68.548 16.633 13.024 38.891 22 23 87 8 77 119 2.657 128 2.999 298 3.532 508 3.931 278 5.216 279 6.179 312 6.705 396 7.172 231 9.049 24 25 26 27 28 34.998 670 2.642 29.735 1.951 58.120 1.290 4.250 49.233 3.347 62.476 1.290 4.012 53.926 3.248 66.761 1.373 4.084 58.255 3.049 71.502 1.510 4.567 61.623 3.802 76.758 1.694 4.235 66.627 4.202 83.586 1.929 4.661 72.966 4.030 92.262 2.181 6.136 79.826 4.119 101.449 2.451 9.485 85.962 3.551 115.790 2.799 14.294 97.670 1.027 TOTAL FINANCIAL ASSETS GOLD + SDR’S U.S. DEMAND DEP. + CURRENCY U.S. TIME DEPOSITS 1 2 3 4 U.S. CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS (1) ACCEPTANCES 5 6 7 8 9 SECURITY CREDIT TRADE CREDIT 10 11 MISCELLANEOUS ASSETS U.S. BANK LIABILITIES TO FOREIGN AFFILIATES DIRECT INVESTMENT IN U.S. OTHER 12 16 TOTAL LIABILITIES U.S. OFFICIAL FGN. EXCHANGE ♦ NET IMF POSITION 17 CREDIT MARKET INSTRUMENTS CORPORATE BONDS BANK LOANS N.E.C. OTHER LOANS 18 19 20 21 SECURITY DEBT TRADE DEBT 22 23 MISCELLANEOUS LIABILITIES USG EQUITY IN IBRD, ETC. FOREIGN CURR. HELD IN U.S. U.S. DIR. INV. ABROAD (1) OTHER 24 25 26 27 28 (1) NET OF U.S. SECURITY ISSUES IN FOREIGN MARKETS TO FINANCE U.S. INVESTMENT ABROAD. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 13 14 15 AUGUST 1974 MONETARY AND INSURANCE RESERVES MONETARY AND INSURANCE RESERVES GOLD, OFFICIAL FOREIGN EXCHANGE, TREASURY CURRENCY, AND INSURANCE RESERVES 38 YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 II 1959 || 1965 1967 1966 1968 1969 1970 1971 1972 1973 GOLD AND OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) 1 TOTAL U.S. RESERVES 21.504 15.450 14.882 14.830 15.710 16.964 14.487 12.167 13.151 14.378 1 2 U.S. GOLD STOCK ANO SDR'S U.S. GOVT.—EX. STAB. FUND 3 4 MONETARY AUTHORITIES (2) 19.507 51 19.456 13.806 73 13.733 13.235 76 13.159 12.065 83 11.982 10.892 525 10.367 11.859 1.492 10.367 11.923 1.200 10.723 11.306 1.174 10.132 12.445 2.035 10.410 13.818 2.251 11.567 2 3 4 5 U.S. FOREIGN EXCHANGE POSITION 1.997 1.644 1.647 2.765 4.818 5.105 2.564 861 706 560 5 OFFICIAL FGN. CURRENCY HLDGS TREASURY MONETARY AUTHORITIES 0 0 0 781 152 629 1.321 446 875 2.345 741 1.604 3.528 1.467 2.061 2.781 814 1.967 629 372 257 276 259 17 241 49 192 8 4 4 6 7 8 1.997 2.059 -62 863 912 -49 326 383 -57 420 480 -60 1.290 1.348 -58 2.324 2.385 -61 1.935 2.010 -75 585 661 -76 465 543 -78 552 632 -80 9 10 11 40.195 19.507 20.688 43.230 13.806 29.424 43.185 13.235 29.950 41.600 12.065 29.535 40.905 10.892 30.013 41.015 11.859 29.156 44.689 11.923 32.766 48.084 11.306 36.778 55.870 12.445 43.425 61.088 13.818 47.270 12 13 14 6.446 8.027 -1.581 6.979 8.713 -1.734 7.401 9.116 -1.715 1 2 3 6 7 8 9 10 11 NET IMF POSITION U.S. GOVERNMENT ASSET MONETARY AUTHORITIES 12 TOTAL WORLD GOLD ♦ SDR'S 13 U.S., AS ABOVE 14 REST OF THE WORLD TREASURY CURRENCY AND SDR CERTIFICATES 1 TOTAL U.S. GOVT. LIABILITY 2 MONETARY AUTHORITIES ASSET 3 UNALLOCATED ASSETS 2.639 5.155 -2.516 3.064 5.419 -2.355 3.963 6.161 -2.198 4.646 6.628 -1.982 5.062 6.795 -1.733 5.334 6.848 -1.514 5.956 7.549 -1.593 INSURANCE ANO PENSION FUND RESERVES LIFE INSURANCE RESERVES: 1 TOTAL LIABILITIES U.S. GOVERNMENT 2 LIFE INSURANCE COMPANIES 3 81.956 6.350 75.606 105.876 7.013 98.863 110.570 7.120 103.450 115.424 7.200 108.224 120.045 7.186 112.859 125.023 7.252 117.771 130.265 7.358 122.907 136.437 7.429 129.008 142.997 7.498 135.499 150.274 7.566 142.708 1 2 3 4 TOTAL ASSETS (HOUSEHOLDS) 81.956 105.876 110.570 115.424 120.045 125.023 130.265 136.437 142.997 150.274 4 82.273 13.164 9.470 3.694 69.109 17.575 34.131 17.403 153.809 19.724 15.912 3.812 134.085 27.325 73.568 33.192 163.640 20.977 16.969 4.008 142.663 29.425 75.820 37.418 185.229 22.292 18.045 4.247 162.937 32.050 89.371 41.516 206.377 23.628 19.316 4.312 182.749 34.975 101.438 46.336 217.416 25.147 20.767 4.380 192.269 37.900 102.545 51.824 237.563 27.528 23.025 4.503 210.035 41.175 110.771 58.089 271.567 30.371 25.998 4.373 241.196 46.350 130.472 64.374 314.542 33.524 29.089 4.435 281.018 52.300 156.486 72.232 307.811 35.421 31.418 4.003 272.390 57.450 133.293 81.647 5 6 7 8 9 10 11 12 5 6 7 8 9 10 11 12 PENSION FUND RESERVES: TOTAL LIABILITIES U.S. GOVERNMENT EMPLOYEE RETIREMENT RAILROAD RETIREMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT., RTR. FUNDS 2.639 3.064 3.963 4.646 5.062 5.334 5.956 6.446 6.979 7.401 13 82.273 153.809 163.640 185.229 206.377 217.416 237.563 271.567 314.542 307.811 14 13 TOTAL U.S. GOVT. LIABILITY 14 TOTAL ASSETS (HOUSEHOLDS) INTERBANK CLAIMS 23.628 26.562 28.856 31.621 35.266 37.228 41.685 47.267 49.252 57.116 1 2 3 MONET. AUTH.—MEM. BANK RES. —VAULT CASH 18.174 3.012 18.447 4.851 19.794 5.450 21.092 5.931 21.859 7.195 22.085 7.320 24.150 7.047 27.788 7.541 25.647 8.666 27.060 10.706 2 3 4 5 6 7 8 9 10 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS TO MONETARY AUTHORITIES LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. DEM. DEP. OF FGN. BK. AG TIME DEP. OF FGN. BK. AG 2.442 2.422 2.043 0 48 331 0 3.264 3.227 2.344 0 231 652 0 3.612 3.545 2.683 0 150 712 0 4.598 4.542 2.717 0 253 1.572 0 6.212 6.132 3.631 0 223 2.278 0 7.823 7.685 3.623 585 367 3.110 0 10.488 10.154 4.596 682 464 4.357 55 11.938 11.726 4.382 991 606 5.645 102 14.939 12.184 5.955 599 787 4.402 441 19.350 14.269 4.357 189 2.173 6.972 578 4 5 6 7 8 9 10 11 FOREIGN BANKING AGENCIES— DEPOSITS OF BANKS 11 1 TOTAL LIABILITIES 12 TOTAL ASSETS 20 37 67 56 80 138 334 212 2.755 5.081 23.628 26.562 28.856 31.621 35.266 37.228 41.685 47.267 49.252 57.116 12 2.043 1.590 453 2.344 2.248 96 2.683 2.510 173 2.717 2.576 141 3.631 3.443 188 3.623 3.440 183 4.596 4.261 335 4.382 4.343 39 5.955 3.974 1.981 4.357 3.099 1.258 13 14 15 24.218 23.335 18.447 4.851 37 26.173 25.311 19.794 5.450 67 28.904 27.079 21.092 5.931 56 31.635 29.134 21.859 7.195 80 33.605 29.543 22.085 7.320 138 37.089 31.531 24.150 7.047 334 42.885 35.541 27.788 7.541 212 43.297 37.068 25.647 8.666 2.755 52.759 42.847 27.060 10.706 5.081 16 17 18 19 20 13 14 15 MONETARY AUTHORITIES F.R. FLOAT LOANS TO MEMBER BANKS 16 17 18 19 20 21.585 21.206 18.174 3.012 20 21 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS MEMBER BANK RESERVES VAULT CASH DEPOSITS AT FGN. BK. AG. BANK AFFILIATES—LOANS TO AFFILIATE BANKS 0 0 0 0 0 585 682 991 599 189 21 22 23 24 25 FOREIGN BANKING AGENCIES DEMAND DEPOSITS AT BANKS TIME DEPOSITS AT BANKS LOANS TO BANKS 379 331 0 48 883 652 0 231 862 712 0 150 1.825 1.572 0 253 2.501 2.278 0 223 3.477 3.110 0 367 4.876 4.357 55 464 6.353 5.645 102 606 5.630 4.402 441 787 9.723 6.972 578 2.173 22 23 24 25 (1) INCLUDES INITIAL ALLOCATIONS OF SDR'S OF $867 MILLION IN JANUARY 1970, $717 MILLION IN JANUARY 1971, ANO $710 MILLION IN JANUARY 1972. ALSO INCLUDES REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD, SDR'S, AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE EXCLUDED FROM FLOWS. (2) TREASURY GOLD STOCK. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST 1974 MONEY AND DEPOSITS SUMMARY MONEY AND DEPOSITS SUMMARY MONEY STOCK AND TIME AND SAVINGS ACCOUNTS 39 YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 II 1959 || 1965 1966 1967 1968 1969 1970 1971 1972 1973 DEMAND DEPOSITS AND CURRENCY 1 153.665 187.420 191.325 206.322 221.099 229.296 243.573 260.976 281.348 298.467 2 3 4 5 6 7 6 147.720 145.580 71.499 48.103 6.200 12.707 29.196 180.467 176.094 94.22-1 47.430 6.000 12.515 28.915 184.741 179.965 98.075 47.748 6.000 12.515 29.233 198.621 193.515 109.376 49.294 6.100 12.515 30.679 214.634 208.941 121.693 51.208 6.300 12.515 32.393 222.273 216.292 123.347 53.766 6.400 12.515 34.851 234.048 227.879 134.520 54.818 6.515 12.515 35.788 248.323 241.870 145.484 55.465 6.638 12.515 36.312 268.273 260.298 157.327 55.620 6.900 12.515 36.205 285.743 275.121 170.248 55.350 6.900 12.515 35.935 9 10 11 12 8.258 8.709 9.011 2.140 12.127 11.836 10.480 4.373 12.975 11.621 9.546 4.776 14.128 12.405 8.312 5.106 13.913 13.335 8.792 5.693 15.326 13.002 10.851 5.981 12.472 14.046 12.023 6.169 13.494 15.306 12.121 6.453 15.036 17.038 15.277 7.975 14.724 19.429 15.370 10.622 TOTAL ASSETS MONEY STOCK DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE S. ♦ L. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT REST OF THE WORLD 1 2 3 4 5 6 7 8 9 10 11 12 13 5.945 6.953 6.584 7.701 6.465 7.023 9.525 12.653 13.075 12.724 14 15 16 17 18 153.665 30.827 895 3 53 29.579 187.420 38.834 1.428 201 37.205 191.325 41.180 1.592 405 39.183 206.322 44.158 2.467 396 41.295 221.099 45.659 1.455 477 43.727 229.296 48.911 1.969 377 46.565 243.573 51.979 1.587 346 50.046 260.976 56.387 2.484 465 53.438 281.348 60.419 2.200 369 57.850 298.467 64.950 2.859 300 61.791 TOTAL BANKING SYSTEM LIABILITY MONETARY AUTHORITIES U.S. GOVT. CASH + DEPOSITS FOREIGN DEPOSITS CURRENCY 14 15 16 17 18 19 20 21 22 23 122.838 121.810 5.050 1.525 115.235 148.586 146.990 5.525 3.855 137.610 150.145 148.597 4.992 4.064 139.541 162.164 160.479 5.234 4.378 150.867 175.440 172.765 5.010 4.678 163.077 180.385 177.372 5.054 5.011 167.307 191.594 181.997 7.938 5.202 168.857 204.589 195.471 10.169 5.183 180.119 220.929 215.558 10.875 6.517 198.166 233.517 228.552 9.865 8.718 209.969 COMMERCIAL BANKING COMMERCIAL BANKS U.S. GOVERNMENT DEPOSITS FOREIGN DEPOSITS OTHER 19 20 21 22 23 24 25 26 1.028 262 766 1.596 317 1.279 1.548 307 1.241 1.685 332 1.353 2.675 538 2.137 3.013 593 2.420 9.597 621 8.976 9.118 805 8.313 5.371 1.089 4.282 4.965 1.604 3.361 FOREIGN BANKING AGENCIES FOREIGN DEPOSITS PRIVATE DOMESTIC 24 25 26 U.S. GOVERNMENT DEPOSITS 13 TIME DEPOSITS AND SAVINGS ACCOUNTS 1 161.789 319.743 338.816 379.565 412.906 411.489 466.496 548.410 636.882 715.934 2 3 4 5 67.788 0 67.541 247 147.695 16.251 130.946 498 159.834 15.659 143.639 536 183.748 20.330 162.771 647 204.469 23.468 180.200 801 195.125 10.919 183.174 1.032 233.090 26.074 205.608 1.408 274.453 34.759 238.026 1.668 316.796 44.519 271.071 1.206 367.730 64.531 301.387 1.812 6 7 8 9 10 11 60.167 1.500 3.179 285 82 2.575 115.911 13.131 12.186 250 211 6.006 127.924 11.741 13.462 220 171 6.316 146.010 13.820 15.892 267 205 7.554 163.388 14.194 19.110 368 157 7.252 161.487 11.790 13.220 211 56 8.361 188.960 13.485 23.225 463 300 6.657 218.799 17.085 30.384 529 452 7.204 248.256 20.195 37.161 606 637 9.941 287.767 21.549 44.385 439 760 12.830 12 13 14 15 16 17 94.001 34.977 4.441 54.583 54.254 3 29 172.048 52.443 9.220 110.385 109.951 434 178.982 55.006 10.007 113.969 113.894 75 195.817 60.121 11.203 124.493 124.177 316 208.437 64.507 12.312 131.618 131.485 133 216.364 67.086 13.740 135.538 135.509 29 233.406 71.580 15.422 146.404 146.322 82 273.957 81.441 18.319 174.197 173.975 222 320.086 91.613 21.709 206.764 206.316 448 348.204 96.347 24.603 227.254 226.850 404 18 153.839 287.525 306.831 341.511 371.692 377.822 422.284 492.534 567.894 635.567 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. TOTAL HELD 1 COMMERCIAL BANKING LIABILITY 2 LARGE NEGOTIABLE CD'S 3 4 OTHER AT COMMERCIAL BANKS 5 AT FOREIGN BANKING AGS. HELD BY: HOUSEHOLDS 6 7 CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS 8 9 U.S. GOVERNMENT 10 MUTUAL SAVINGS BANKS FOREIGN 11 AT SAVINGS INSTITUTIONS MUTUAL SAVINGS BANKS CREDIT UNIONS SAVINGS + LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO: TOTAL OF HOUSEHOLDS TIME + SAVINGS ACCOUNTS 12 13 14 15 16 17 18 AUGUST 1974 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 40 U. S. GOVERNMENT SECURITIES YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-FND OUTSTANDINGS, 1959 + 1965-73 If 1959 1 1 1 TOTAL OUTSTANDING 2 TREASURY ISSUES 3 HOUSEHOLD SAVINGS BONDS 4 TREAS. EXCL. SAVINGS BONDS 5 SHORT-TERM MARKETABLE OTHER 6 7 8 9 10 11 12 1966 1967 1968 1969 1970 1971 1972 1973 244.254 236.185 45.907 190.278 84.749 105.529 274.179 257.663 49.595 208.068 108.799 99.269 282.932 260.003 50.249 209.754 110.233 99.521 295.446 268.916 51.139 217.777 118.874 98.903 312.139 279.235 51.512 227.723 119.393 108.330 317.640 277.958 51.126 226.832 128.400 98.432 338.751 290.844 51.407 239.437 133.809 105.628 369.119 316.867 53.832 263.035 130.370 132.665 392.704 330.786 57.127 273.659 143.546 130.113 422.078 338.525 59.827 278.698 153.051 125.647 1 2 3 4 5 6 8.069 797 152 152 0 7.120 16.516 240 2.430 533 1.897 13.846 22.929 345 3.680 527 3.153 18.904 26.530 462 7.718 1.724 5.994 18.350 32.904 1.931 9.394 1.149 8.245 21.579 39.682 1.573 7.464 342 7.122 30.645 47.907 1.891 7.137 0 7.137 38.879 52.252 2.531 6.546 0 6.546 43.175 61.918 4.513 8.048 0 8.048 49.357 83.553 5.259 9.348 0 9.348 68.946 7 8 9 10 11 12 244.254 0 1.352 1.187 165 274.179 45 1.896 1.603 293 282.932 1.356 2.880 1.951 929 295.446 1.269 2.855 2.803 52 312.139 1 .404 2.747 2.695 52 317.640 104 2.340 2.009 331 338.751 7 4.213 4.038 175 369.119 25 3.053 2.941 112 392.704 8 2.652 2.628 24 422.078 6 4.001 4.001 0 13 14 15 16 17 26.648 20.192 6.456 0 40.768 31.888 8.880 0 44.282 36.481 7.801 0 49.112 39.193 9.919 0 52.937 32.552 20.385 0 57.154 37.610 19.544 0 62.142 38.488 23.654 0 70.804 39.523 30.695 586 71.230 41.174 28.732 1 .324 80.495 50.646 27.870 1.979 18 19 20 21 9.975 7.475 2.500 13.227 7.610 5.617 10.812 6.739 4.073 12.903 7.563 5.340 12.432 5.8 99 6.533 10.619 3.662 6.957 19.731 11.491 8.240 46.033 25.439 20.594 54.435 26.689 27.746 54.775 20.976 33.799 22 23 24 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) CCC CTFS. OF INTEREST OTHER SPONS. AGENCY ISSUES (2) 13 TOTAL HOLDINGS, BY SECTOR 14 U.S. GOVT. (AGENCY SEC.) 15 SPONSORED CREDIT AGENCIES TREASURY MARKETABLE 16 17 FHLB SPECIAL ISSUE 1965 18 19 20 21 FEDERAL RESERVE SYSTEM SHORT-TERM TREASURY OTHER TREASURY AGENCY ISSUES 22 23 24 FOREIGN SHORT-TERM MARKETABLE OTHER 25 TOTAL PRIVATE DOMESTIC 206.279 218.243 223.602 229.307 242.619 247.423 252.658 249.204 264.379 282.801 25 26 27 28 29 30 31 PRIVATE DOMESTIC NONFINAN. TOTAL TREASURY ISSUES SAVINGS BONDS (HH) TREAS. EXCL. SVGS. BONDS SHORT-TERM MARKETABLE OTHER 110.222 105.475 45.907 59.568 35.139 24.429 113.317 105.892 49.595 56.297 33.582 22.715 121.669 110.101 50.249 59.852 34.723 25.129 120.265 108.370 51.139 57.231 33.370 23.861 128.322 113.138 51.512 61.626 39.150 22.476 145.334 123.473 51.126 72.347 51.498 20.R49 136.305 112.335 51.407 60.928 38.542 22.386 122.301 103.465 53.832 49.633 28.717 20.916 123.906 105.012 57.127 47.885 29.919 17.966 141.669 112.383 59.827 52.556 35.544 17.012 26 27 28 29 30 31 4.747 4.747 0 7.425 6.794 631 11.568 10.048 1.520 11.895 9.724 2.171 15.184 12.624 2.560 21.861 19.797 2.064 23.970 21.613 2.357 18.836 16.648 2.188 18.894 15.581 3.313 29.286 26.165 3.121 32 33 34 32 33 34 OTHER AGENCY ISSUES LOAN PARTICIPATIONS 35 36 37 38 39 40 PVT. DOM. NONFIN., BY SEC. HOUSEHOLDS SAVINGS BONDS TREAS. EXCL. SVGS. BONDS SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 73.457 45.907 25.188 11 .808 13.380 2.362 81.801 49.595 27.648 12.411 15.237 4.558 89.487 50.249 30.286 13.173 17.113 8.952 91.009 51.139 29.563 12.204 17.359 10.307 96.562 51.512 34.858 20.119 14.739 10.192 109.405 51.126 45.326 31.730 13.596 12.953 99.718 51.407 32.583 22.664 9.919 15.728 85.294 53.832 20.465 10.206 10.259 10.997 85.888 57.127 17.860 10.874 6.986 10.901 105.258 59.827 24.381 19. 168 5.213 21.050 35 36 37 38 39 40 41 42 43 44 45 CORPORATE BUSINESS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 22.821 21.421 15.623 5.798 1.400 12.693 10.694 9.819 875 1.999 11.486 9.106 8.592 514 2.380 8.949 8.014 8.115 -101 935 9.272 7.603 7.230 373 1.669 7.011 4.794 4.751 43 2.217 7.492 5.184 2.424 2.760 2.308 9.668 7.305 5.103 2.202 2.363 7.239 4.136 3.038 1.098 3.103 5.426 1.107 . 714 . 393 4.319 41 42 43 44 45 46 47 48 49 50 S. + L. GOVERNMENTS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 13.944 12.959 7.708 5.251 98 5 18.823 17.955 11.352 6.603 868 20.696 20.460 12.958 7.502 2 36 20.307 19.654 13.051 6.603 653 22.488 19.165 11.801 7.364 3.323 28.918 22.227 15.017 7.210 6.691 29.095 23.161 13.454 9.707 5.934 27.339 21.863 13.408 8.455 5.476 30.779 25.889 16.007 9.882 4.890 30.985 27.068 15.662 11.406 3.917 46 47 48 49 50 61.408 59.544 15.902 43.642 1.864 65.991 60.197 26.692 33.505 5.794 62.853 56.785 21.833 34.952 6.068 72.258 63.253 27.344 35.909 9.005 75.512 65.306 29.088 36.218 10.206 65.496 55.598 24.924 30.674 9.898 75.923 62.516 30.322 32.194 13.407 83.567 65.631 24.903 40.728 17.936 90.030 68.031 30.328 37.703 21.999 88.757 59.198 28.524 30.674 29.559 51 52 53 54 55 60.801 526 81 65.341 509 141 62.231 459 163 71.478 576 204 74.672 620 220 64.607 641 248 75.149 497 277 82.866 263 438 88.820 567 643 87.529 658 570 56 57 58 34.649 33.191 4.854 28.337 1.458 38.935 35.683 7.424 28.259 3.252 39.080 35.143 P .506 26.637 3.937 36.784 32.423 8.601 23.822 4.361 38.785 32.675 10.009 22.666 6.110 36.593 28.774 8.697 20.077 7.819 40.430 29.907 10.928 18.979 10.523 43.336 28.467 8.847 19.620 14.869 50.443 30.750 12.808 17.942 19.693 52.375 29.652 13.360 16.292 22.723 59 60 61 62 63 51 52 53 54 55 56 57 58 59 60 61 62 63 COMMERCIAL BANKING TREASURY ISSUES SHORT-TERM OTHER AGENCY ISSUES COMMERCIAL BANKS FOREIGN BANKING AGENCIES BANKS IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES (U WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (2) THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW OF FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. SPONSORED AGENCY ISSUES INCLUDE GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST 1974 U.S. GOVT. SECURITIES(CONTINUED) U.S. GOVT. SECURITIES(CONTINUED ) U. S. GOVERNMENT SECURITIES—CONTINUED 41 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 I I 1959 || 1965 1966 1967 1968 1969 1970 1971 1972 1973 NONBANK FINANCE HOLDINGS,, BY SECTOR 1 2 3 4 5 4.935 4.477 827 3.650 *58 8.164 7.408 1.435 5.973 756 8.551 7.707 1.824 5.883 844 10.133 9.130 2.892 6.238 1.003 10.860 9.492 2.767 6.725 1.368 11.139 8.500 2.258 6.242 2.639 12.293 8.120 2.141 5.979 4.173 17.498 9.474 2.560 6.914 8.024 21.778 10.400 3.921 6.479 11.378 22.771 9.400 3.247 6.153 13.371 6 7 8 9 10 7.319 6.9 14 534 6.380 405 6.225 5.406 919 4.487 819 5.718 4.678 747 3.931 1.040 5.372 4.162 858 3.304 1.210 5.181 3.552 829 2.723 1.629 4.671 2.947 713 2.234 1.724 4.973 2.752 694 2.058 2.221 6.165 3.147 539 2.608 3.018 7.568 3.414 814 2.600 4.154 7.076 2.859 671 2.188 4.217 MUTUAL SAVINGS BANKS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 6 7 8 9 10 11 12 13 190 190 0 337 303 34 466 327 139 548 331 217 511 297 214 330 174 156 768 516 252 1.569 847 722 2.359 1.227 1.132 2.600 1.450 1.150 CREDIT UNIONS TREASURY ISSUES AGENCY ISSUES 11 12 13 14 15 16 17 18 6.971 6.906 3 56 6.550 65 5.122 4.960 215 4.745 162 4.740 4.534 2 52 4.282 206 4.458 4.274 272 4.002 184 4.382 4.027 36^ 3.663 355 4.074 3.684 289 3.395 390 4.161 3.629 299 3.330 532 4.006 3.396 2A1 3.155 610 4.320 3.693 263 3.430 627 4.392 3.530 242 3.288 862 LIFE INSURANCE TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 14 15 16 17 18 19 20 21 22 23 2.829 2.632 674 1.958 197 3.555 3.096 1.144 1.952 459 3.064 2.612 957 1.655 452 2.512 2.171 943 1.228 341 2.945 2.544 1 .279 1.265 401 2.792 2.180 1.105 1.075 612 3.028 2.121 1.163 958 907 2.732 2.147 997 1.150 585 3.690 3.015 1.923 1.092 675 4.328 3.143 2.010 1.133 1.185 PRIVATE PENSION FUNDS TREASURY ISSUES SHCRT-TERM MARKETABLE OTHER AGENCY ISSUES 19 20 21 22 23 24 25 26 27 28 5.608 5.462 315 5.147 146 7.645 7.153 264 6.889 492 7.767 7.115 314 6.801 652 6.950 6.165 494 5.671 785 7.331 5.921 5 50 5.371 1.410 7.003 5.437 799 4.638 1.566 6.698 5.123 829 4.294 1.575 5.143 3.915 521 3.394 1.228 4.530 3.399 916 2.483 1.131 4.643 3.265 1.649 1.616 1.378 S. + L. GOVT., RTR. FUNDS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 24 25 26 27 28 29 30 31 32 33 5.813 5.626 974 4.652 187 5.994 5.464 1.251 4.213 530 5.595 4.991 906 4.085 604 4.907 4.286 907 3.379 621 4.666 3.933 1.014 2.919 733 4.180 3.448 955 2.493 732 4.261 3.398 1.038 2.360 863 3.865 3.183 784 2.399 682 3.497 2.901 1.043 1.858 596 3.397 2.837 923 1.914 560 OTHER INSURANCE COMPANIES TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 29 30 31 32 33 INVESTMENT COS. (TREAS. S-T) 34 SECURITY BROKERS + DEALERS (TREAS. S-T) 35 34 556 811 1.437 921 1.143 675 850 559 689 1.160 35 428 1.082 1.742 983 1.766 1.729 3.398 1.799 2.012 2.008 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. SAVINGS + LOAN ASSOCIATIONS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 1 2 3 4 5 AUGUST 1974 PRIVATE SECURITIES AND MORTGAGES PRIVATE SECURITIES AND MORTGAGES 42 PRIVATE SECURITIES AND MORTGAGES YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 II 1959 || 1965 1966 1967 1968 1970 1969 1971 1972 1973 STATE AND LOCAL GOVERNMENT SECURITIES 1 TOTAL LIABILITIES 2 STATE + LOCAL GOVERNMENTS SHORT-TERM 3 4 CTHER 5 CORPORATE BUSINESS (POLLUTION CONTROL) 65.486 65.486 3.173 62.313 0 100.278 100.278 5.507 94.771 0 105.925 105.925 6.168 99.757 0 113.703 113.703 8.000 105.703 0 123.219 123.219 8.143 115.076 0 133.143 133.143 10.909 122.234 0 144.389 144.389 13.252 131.137 0 161.950 161.864 15.735 146.129 86 176.329 175.695 15.054 160.641 634 190.038 187.608 14.806 172.802 2.430 1 2 3 4 5 6 TOTAL ASSETS 7 HOUSEHOLDS 8 CORPORATE BUSINESS 9 S. ♦ L. GOVT., GEN. FUNOS 65.486 27.251 2.709 2.714 100.278 36.365 4.600 2.167 105.925 39.964 3.639 2.125 113.703 37.714 3.300 2.125 123.219 36.953 3.782 2.171 133.143 46.131 2.800 2.236 144.389 45.380 2.175 2.394 161.950 45.229 3.175 2.131 176.329 46.189 4.175 2.307 190.038 50.524 4.038 2.542 6 7 8 9 17.078 721 3.221 4.251 7.239 302 38.892 320 3.507 2.625 11.349 453 41.221 251 3.131 2.481 12.648 465 50.342 219 2.993 2.406 14.098 506 58.893 194 3.206 2.382 15.090 548 59.536 193 3.221 2.331 16.334 361 70.204 197 3.306 2.032 17.786 915 82.811 390 3.363 2.127 21.696 1.028 89.961 873 3.367 2.033 26.512 912 95.661 921 3.412 1.415 30.395 1.130 10 11 12 13 14 15 1.035 66.521 2.777 103.055 3.404 109.329 3.579 117.282 3.993 127.212 4.739 137.882 4.816 149.205 5.181 167.045 5.526 181.221 5.871 193.479 16 17 10 11 12 13 14 15 COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES S. ♦ L. GOVT., RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS + DEALERS LOANS FROM U.S. GOVT. 16 NOT INCLUDED ABOVE 17 TOTAL CREDIT MARKET DEBT CORPORATE AND FOREIGN BONDS 1 TOTAL LIABILITIES 2 CORPORATE BUSINESS 3 COMMERCIAL BANKS 4 FINANCE COMPANIES 5 REITS 6 REST OF THE WORLO 7 TOTAL ASSETS 8 HOUSEHOLDS 9 COMMERCIAL BANKING 10 MUTUAL SAVINGS BANKS 11 12 13 14 15 16 17 18 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. + L. GOVT., RTR. FUNDS OTHER INSURANCE COMPANIES OPEN-END INVESTMENT COS. BROKERS + DEALERS REST OF THE WORLD 85.053 71.856 0 8.343 0 4.854 125.704 97.800 1.590 16.149 0 10.165 137.170 108.024 1.694 16.909 0 10.543 153.366 122.682 1.963 17.942 0 10.779 168.251 135.575 2.221 18.753 0 11.702 181.720 147.550 2.037 20.320 95 11.718 206.065 167.306 2.135 22.864 600 13.160 231.425 186.113 2.990 26.652 1.016 14.654 251.776 198.300 4.127 32.093 1.390 15.866 264.037 207.459 4.135 33.870 1 .940 16.633 1 2 3 4 5 6 85.053 9.877 1.264 3.627 125.704 13.504 807 2.925 137.170 15.176 876 3.212 153.366 18.983 1.680 5.287 168.251 23.719 1.984 6.614 181.720 30.302 1.929 6.946 206.065 40.965 2.731 8.147 231.425 50.522 4.006 12.030 251.776 55.646 5.717 14.166 264.037 56.802 6.181 13.074 7 8 9 10 68.152 46.486 14.085 5.986 1.595 1.091 508 534 104.050 61.098 22.703 17.245 3.0C4 2.554 1.180 684 112.440 63.450 25.231 20.184 3.575 2.915 1.294 1.257 121.863 67.294 26.355 23.921 4.293 2.959 1.666 928 130.191 71.162 27.000 26.565 5.464 3.408 1.481 854 136.709 72.673 27.613 30.150 6.273 3.586 1.837 411 146.323 74.144 29.666 33.935 8.578 4.286 1.946 1.667 155.606 79.610 29.013 38.120 8.863 4.910 2.097 2.254 166.392 86.599 28.207 43.445 8.141 5.068 2.223 2.564 178.819 92.450 29.812 49.381 7.176 4.196 2.625 2.340 11 12 13 14 15 16 17 18 CORPORATE EQUITIES 453.988 15.818 438.170 748.968 35.220 713.748 682.653 34.829 647.824 869.539 1027.629 44.701 52.677 824.838 974.952 907.642 48.289 859.353 900.555 1046.144 1223.080 56.694 59.831 47.618 852.937 989.450 1163.249 967.957 46.519 921.438 1 2 3 4 MARKET VALUE OF HOLDINGS 5 HOUSEHOLDS 6 COMMERCIAL BANKING 7 MUTUAL SAVINGS BANKS INSURANCE 8 LIFE INSURANCE COMPANIES 9 10 PRIVATE PENSION FUNDS S. ♦ L. GOVT., RTR. FUNDS 11 12 OTHER INSURANCE COMPANIES OPEN-END INVESTMENT COS. 13 14 BROKERS ♦ DEALERS 15 REST OF THE WORLD 453.988 402.679 65 813 26.635 4.561 14.525 3*5 7.204 13.867 566 9.363 748.968 637.467 172 1.426 63.476 9.126 40.736 1.614 12.000 30.863 965 14.599 682.653 576.921 235 1.467 61.364 8.755 39.507 2.102 11.000 28.943 1.080 12.643 869.539 1027.629 733.708 865.069 299 365 1.937 1.686 77.707 93.357 10.877 13.230 51.058 61.438 4.089 2.772 13.000 14.600 39.176 46.082 1.268 1.452 19.551 15.511 907.642 749.962 414 2.175 94.469 13.707 61.585 5.877 13.300 40.857 1.624 18.141 900.555 1046.144 1223.080 733.557 833.726 959.107 491 620 508 3.600 2.983 2.508 103.874 137.006 178.186 15.420 20.607 26.845 67.240 88.600 114.880 8.014 11.199 14.661 16.600 21.800 13.200 51.728 48.621 39.683 1.888 2.012 1.736 21.429 27.827 18.689 967.957 744.418 676 3.961 153 . 342 25.919 89.240 18.583 19.600 38.321 2.416 24.823 4 5 6 7 8 9 10 11 12 13 14 15 MEMO: HH HOLDINGS EXCL. OPEN-END INVESTMENT COS. 386.861 602.247 542.092 689.007 701.673 685.939 777.032 899.276 697.899 16 1 TOTAL AT MARKET VALUE 2 OPEN-END INVESTMENT COS. 3 OTHER SECTORS 16 812.392 TOTAL MORTGAGES 1 TOTAL MORTGAGES LIABILITIES OF: U.S. GOVERNMENT SAVINGS ♦ LOAN ASSOCIATIONS REITS PRIVATE NONFINANCIAL SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS BUSINESS FARMS NONFARM NONCORPORATE CORPORATE 190.818 325.752 347.417 370.245 397.496 425.333 451.726 499.893 568.726 639.643 1 ’ 847 1.293 0 188.678 125.966 8.317 54.395 12.101 12.797 29.497 1.845 2.198 0 321.709 206.338 14.228 101.143 21.175 27.147 52.821 1.783 1.270 0 344.364 218.990 15.485 109.889 23.317 29.512 57.060 1.720 2.257 0 366.268 229.361 16.679 120.228 25.451 33.221 61.556 1.654 2.449 200 393.193 243.986 17.814 131.393 27.519 36.665 67.209 1.573 2.455 430 420.875 260.058 19.090 141.727 29.461 40.436 71.830 1.498 3.078 546 446.604 272.539 20.450 153.615 31.236 45.333 77.046 1.426 5.029 680 492.758 296.397 21.667 174.694 32.858 53.341 88.495 1.340 6.209 1.160 560.017 334.821 23.088 202.108 35.438 62.563 104.107 1.269 4.676 1.480 632.218 379.029 24.496 228.693 38.831 69.630 120.232 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ASSETS OF: HOUSEHOLDS U.S. GOVERNMENT S. ♦ L. GOVT., GEN. FUNDS SPONSORED CREDIT AG. (1) (2) 190.818 29.886 5.570 1.358 4.410 325.752 34.342 5.599 2.145 6.801 347.417 35.662 6.437 2.110 9.354 370.245 36.581 7.318 2.152 11.131 397.496 38.128 8.442 2.210 13.293 425.333 39.179 9.149 2.159 17.764 451.726 39.317 9.494 2.134 23.59 8 499.893 39.481 9.531 2.150 29.926 568.726 37.635 9.288 2.160 36.602 639.643 38.129 8.705 2.158 46.959 12 13 14 15 16 17 18 19 20 21 22 PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS S+L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS CREDIT UNIONS 149.594 28.145 78.478 53.141 24.992 345 276.865 49.675 155.503 110.306 44.617 580 293.854 54.380 162.397 114.427 47.337 633 313.063 59.019 172.963 121.805 50.490 668 335.423 65.696 184.965 130.802 53.456 707 357.082 70.705 197.101 140.232 56.138 731 377.183 73.275 209.079 150.331 57.948 800 418.805 82.515 237.075 174.250 61.978 847 483.041 99.314 274.738 206.182 67.556 1.000 543.692 119.068 306.335 232.104 73.231 1.000 17 18 19 20 21 22 41.324 39.197 989 992 146 1.647 0 67.225 60.013 3.324 3.746 142 4.462 0 73.179 64.609 3.911 4.516 143 3.898 0 76.787 67.516 4.083 5.003 185 4.294 0 79.597 69.975 4.067 5.362 193 4.935 230 82.427 72.027 4.216 5.984 200 5.742 1.107 85.727 74.375 4.298 6.809 245 5.883 3.219 86.487 75.496 3.683 7.085 223 6.965 5.763 87.262 77.319 2.998 6.764 181 11.097 10.630 90.710 81.180 2.708 6.658 164 12.469 15.110 23 24 25 26 27 28 29 4.386 5.259 2.134 5.997 6.935 30 (1) MEMO: FHLB LOANS TO S+L ASSOCIATIONS (INCLUDED IN "OTHER LOANS" CATEGORY). (2) INCLUDES MORTGAGE POOLS RACKING GNMA-GUARANTEED PASS-THROUGH SECURITIES. 9.289 10.615 7.936 7.979 15.147 30 2 3 4 5 6 7 8 9 10 11 23 24 25 26 27 28 29 INSURANCE LIFE COMPANIES PRIVATE PENSION FUNOS S. ♦ L. GOVT., RTR. FUND OTHER INSURANCE COS. FINANCE COMPANIES REITS MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST 1974 MORTGAGES, BY TYPE MORTGAGES, BY TYPE 43 MORTGAGE MARKETS BY TYPE OF MORTGAGE YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 II 1959 I, 1965 1966 1967 1968 1969 1970 1971 1972 1973 HOME MORTGAGES 1 2 3 4 5 6 130.854 125.966 1.374 1.374 847 1.293 212.937 206.338 1.278 1.278 1.845 2.198 223.645 218.990 801 801 1.783 1.270 236.060 229.361 1.361 1.361 1.720 2.257 251.241 243.986 1.576 1.576 1.654 2.449 266.822 260.058 1.368 1.368 1.573 2.455 280.175 272.539 1.530 1.530 1.498 3.078 307.834 296.397 2.491 2.491 1.426 5.029 348.558 334.821 3.094 3.094 1.340 6.209 390.298 379.029 2.662 2.662 1.269 4.676 TOTAL LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS ♦ LOAN ASSOCIATIONS 7 8 9 10 11 12 130.854 11.054 4.206 1.358 2.050 19.200 212.937 11.751 3.886 2.145 2.510 30.401 223.645 12.086 4.489 2.110 4.386 32.803 236.060 12.301 5.217 2.152 5.513 35.275 251.241 12.950 6.049 2.210 7.151 38.765 266.822 12.973 6.143 2.159 11.019 41.356 280.175 12.990 6.003 2.134 16.090 42.329 307.834 12.688 5.685 2.150 20.868 48.020 348.558 10.054 5.079 2.160 25.171 57.004 390.298 10.111 3.893 2.158 31.561 67.998 TOTAL ASSETS HOUSEHOLDS U.S. GOVERNMENT STATE + LOCAL GOVERNMENTS SPONS. CREDIT AGENCIES (1) COMMERCIAL BANKING 13 14 15 16 66.767 49.535 16.887 345 124.869 94.225 30.064 580 129.729 97.423 31.673 633 137.462 103.327 33.467 668 146.049 110.295 35.047 707 155.067 117.893 36.443 731 163.112 124.970 37.342 800 181.763 142.275 38.641 847 209.699 167.049 41.650 1.000 233.298 188.051 44.247 1.000 17 18 19 20 21 24.572 23.583 989 1.647 0 32.913 29.589 3.324 4.462 0 34.144 30.233 3.911 3.898 0 33.846 29.763 4.083 4.294 0 33.097 29.030 4.067 4.935 35 32.180 27.964 4.216 5.742 183 30.974 26.676 4.298 5.883 660 28.287 24.604 3.683 6.965 1.408 25.464 22.466 2.998 11.097 2.830 24.708 22.000 2.708 12.469 4.102 1 2 3 4 5 6 7 8 9 10 11 12 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 13 14 15 16 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE COMPANIES REITS 17 18 19 20 21 MULTI-FAMILY RESIDENTIAL MORTGAGES 1 2 3 4 18.668 9.335 9.333 0 37.183 21.846 15.337 0 40.307 24.245 16.062 0 43.910 27.045 16.865 0 47.346 29.745 17.535 66 52.161 33.317 18.702 142 58.023 37.655 20.188 180 66.840 43.826 22.790 224 77.266 51.109 25.774 383 85.780 57.044 28.256 488 TOTAL LIABILITIES NONFARM NONCORP. BUSINESS CORPORATE BUSINESS REITS 1 2 3 4 5 6 7 8 9 18.668 4.735 904 0 1.120 37.183 3.437 1.039 10 1.986 40.307 2.909 1.336 10 2.073 43.910 2.618 1.545 9 2.367 47.346 2.347 1.879 16 2.668 52.161 1.879 2.534 31 3.217 58.023 1.046 3.038 321 3.311 66.840 947 3.414 1.141 3.984 77.266 2.189 3.762 2.324 5.778 85.788 2.264 4.162 4.327 6.932 TOTAL ASSETS HOUSEHOLDS U.S. GOVERNMENT SPONS. CREDIT AGENCIES (U COMMERCIAL BANKS 5 6 7 8 9 10 11 12 7.251 1.652 5.599 18.154 8.122 10.032 19.174 8.605 10.569 20.651 9.477 11.174 22.245 10.544 11.701 24.004 11.765 12.239 26.424 13.830 12.594 31.741 17.355 14.386 36.273 20.783 15.490 39.404 22.561 16.843 SAVINGS INSTITUTIONS SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS 10 11 12 13 14 15 3.666 992 0 8.811 3.746 0 10.289 4.516 0 11.717 5.003 0 12.754 5.362 75 14.119 5.984 393 16.061 6.809 1.013 16.773 7.085 1.755 17.242 6.764 2.934 18.387 6.658 3.654 LIFE INSURANCE COMPANIES S. + L. GOVT., RTR. FUNDS REITS 13 14 15 COMMERCIAL MORTGAGES 1 2 3 A 5 29.195 8.317 2.088 18.790 0 54.457 14.228 4.023 36.206 0 60.148 15.485 4.466 40.197 0 64.824 16.679 4.815 43.330 0 71.390 17.814 5.344 48.098 134 76.889 19.090 5.751 51.760 288 82.292 20.450 6.148 55.328 366 92.361 21.667 7.024 63.214 456 107.464 23.088 8.360 75.239 777 124.726 24.496 9.924 89.314 992 TOTAL LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS REITS 1 2 3 4 5 6 7 8 9 29.195 9.239 47 6.237 54.457 10.677 43 14.377 60.148 11.326 26 16.366 64.824 11.488 20 17.931 71.390 11.609 20 20.505 76.889 11.940 18 22.113 82.292 11.788 16 23.284 92.361 11.182 11 26.306 107.464 10.030 0 31.751 124.726 10.130 0 38.696 TOTAL ASSETS HOUSEHOLDS U.S. GOVERNMENT COMMERCIAL BANKING 6 7 8 9 10 11 12 4.405 1.954 2.451 12.428 7.959 4.469 13.440 8.399 5.041 14.733 9.001 5.732 16.555 9.963 6.592 17.916 10.574 7.342 19.424 11.531 7.893 23.521 14.620 8.901 28.704 18.350 10.354 33.576 21.492 12.084 SAVINGS INSTITUTIONS SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS 10 11 12 13 14 15 9.121 146 0 16.790 142 0 18.847 143 0 20.467 185 0 22.388 193 120 24.171 200 531 25.989 245 1.546 28.518 223 2.600 31.932 181 4.866 34.806 164 7.354 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS 13 14 15 FARM MORTGAGES 1 12.101 21.175 23.317 25.451 27.519 29.461 31.236 32.858 35.438 38.831 TOTAL LIABILITIES 1 2 3 4 5 6 7 8 12.101 4.858 413 2.360 1.588 55 2.827 21.175 8.477 631 4.281 2.911 52 4.823 23.317 9.341 586 4.958 3.138 54 5.240 25.451 10.174 536 5.609 3.446 117 5.569 27.519 11.222 494 6.126 3.758 116 5.803 29.461 12.387 454 6.714 4.019 114 5.773 31 .236 13.493 437 7.187 4.351 119 5.649 32.858 14.664 421 7.917 4.205 50 5.601 35.438 15.362 447 9.107 4.781 62 5.679 38.831 15.624 650 11.071 5.442 57 5.987 TOTAL ASSETS HOUSEHOLDS U.S. GOVERNMENT SPONSORED CREDIT AGENCIES COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES 2 3 4 5 6 7 8 (1) INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED SECURITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST 1974 CONSUMER CREDIT AND BANK LOANS N.E.C. 44 CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 II 1959 ,| 1965 1966 1967 1968 1969 1970 1971 1972 1973 CONSUMER CREDIT 51.544 39.247 12.297 89.883 70.893 18.990 96.238 76.244 19.994 100.783 79.428 21.355 110.770 87.745 23.025 121.146 97.105 24.041 127.163 102.064 25.099 138.394 111.295 27.099 157.564 127.332 30.232 180.486 147.437 33.049 1 2 3 4 TOTAL ASSETS 5 INSTALMENT CREDIT 6 NONFARM NONCORP. BUSINESS CORPORATE BUSINESS 7 8 COMMERCIAL BANKING 9 SAVINGS + LOAN ASSNS. 10 MUTUAL SAVINGS BANKS CREDIT UNIONS 11 12 FINANCE COMPANIES 51.544 39.247 853 5.263 15.227 449 127 3.280 14.048 89.883 70.893 993 7.844 28.962 575 390 7.324 24.805 96.238 76.244 1.103 8.074 31.319 587 473 8.254 26.434 100.783 79.428 1.167 7.955 33.152 653 560 9.003 26.938 110.770 87.745 1.226 7.669 37.936 746 671 10.300 29.197 121.146 97.105 1.338 7.660 42.421 916 778 12.028 31.964 127.163 102.064 1.418 7.741 45.398 1.238 864 12.986 32.419 138.394 111.295 1.443 7.881 51.240 1.305 946 14.770 33.710 157.564 127.332 1.626 8.883 59.783 1.429 1.169 16.913 37.529 180.486 147.437 1.849 10.099 69.495 1.606 1.352 19.609 43.427 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 12.297 4.238 3.994 3.582 426 57 18.990 6.091 5.307 6.690 778 124 19.994 6.473 5.623 6.946 797 155 21.355 6.837 6.014 7.478 828 198 23.025 7.268 6.290 8.374 875 218 24.041 7.754 6.624 8.553 883 227 25.099 8.260 7.259 8.469 880 231 27.099 8.921 7.692 9.316 921 249 30.232 9.812 8.262 10.857 994 307 33.049 10.852 9.054 11.753 1.035 355 13 14 15 16 17 18 1 TOTAL LIABILITIES (HH) INSTALMENT CREDIT 2 3 NONINSTALMENT CREDIT NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS BANK LOANS NOT ELSEWHERE CLASSIFIED TOTAL LOANS AT COMMERCIAL BANKS, F/F BASIS 1 2 3 4 5 6 7 8 9 10 11 12 - LOANS ELSEWHERE CLASSIFIED: MORTGAGES CONSUMER CREDIT SECURITY CREDIT OPEN-MARKET PAPER HYPOTHECATED DEPOSITS = BANK LOANS NEC AT COML. BKS. ♦ BANK LOANS NEC AT OTHER BANKING SUBSECTORS: DOMESTIC AFFILIATES FOREIGN BANKING AGENCIES = BANKING SECTOR TOTAL BANK LOANS NEC + LOANS BY F.R. BANKS = TOTAL BANK LOANS NEC 13 TOTAL LIABILITIES 14 NONFINANCIAL SECTORS 15 HOUSEHOLDS 16 FARM BUSINESS NONFARM NONCORP. BUSINESS 17 CORPORATE BUSINESS 18 19 REST OF THE WORLD 20 21 22 23 24 FINANCIAL SAVINGS FINANCE REITS FOREIGN 112.667 201.939 219.068 236.859 264.381 286.095 298.979 32 8.2 59 387.275 460.471 1 28.059 18.809 4.868 2.262 668 58.001 49.301 35.652 8.489 2.553 1.078 104.866 53.947 38.265 9.024 3.617 0 114.215 58.525 40.630 10.484 5.664 0 121.556 65.179 46.310 11.804 4.282 0 136.806 70.020 50.974 10.695 4.763 0 149.643 72.492 53.867 12.136 6.745 0 153.739 81.600 60.556 12.911 7.531 0 165.661 98.390 70.640 17.581 7.327 0 193.337 118.032 81.248 14.621 6.559 0 240.011 2 3 4 5 6 7 0 866 58.867 0 1.296 106.162 0 1.698 115.913 0 1.845 123.401 0 2.252 139.058 3.946 3.561 157.150 2.954 6.183 162.876 2.840 6.726 175.227 2.598 7.832 203.767 4.300 11.571 255.882 8 9 10 5 58.872 41 106.203 0 115.913 0 123.401 0 139.058 0 157.150 0 162.876 0 175.227 0 203.767 0 255.882 11 12 58.872 53.387 6.430 4.866 3.531 35.707 2.853 106.203 93.834 11.715 7.667 6.623 60.651 7.178 115.913 104.579 12.030 8.600 7.956 68.940 7.053 123.401 114.078 13.917 9.300 8.560 75.514 6.787 139.058 127.205 16.409 9.700 9.655 85.118 6.323 157.150 142.538 17.307 10.328 11.795 97.022 6.086 162.876 148.785 18.222 11.155 11.170 102.489 5.749 175.227 158.099 20.062 12.500 11.375 106.854 7.308 203.767 179.619 22.942 14.314 12.105 120.036 10.222 255.882 218.245 24.742 17.327 12.488 150.664 13.024 13 14 15 16 17 18 19 5.485 253 5.188 0 44 12.369 459 11.831 0 79 11.334 532 10.668 0 134 9.323 392 8.825 0 106 11.853 459 11.137 66 191 14.612 527 13.459 277 349 14.091 423 12.333 906 429 17.128 1.085 12.338 1.635 2.070 24.148 1.822 16.442 2.970 2.914 37.637 2.149 20.535 6.955 7.998 20 21 22 23 24 SECTORS + LOAN ASSNS. COMPANIES BANKING AGENCIES MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST 197* OTHER LOANS OTHER LOANS 45 OPEN—MARKET PAPER AND OTHER LOANS YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 i r 1959 I I 1965 1966 1967 1968 1969 1970 1971 1972 1973 OTHER LOANS — SECTOR TOTALS 1 2 3 * 5 6 7 8 *0.175 35.015 6.103 1.967 7.158 5.38* 1.035 13.368 78.263 61.7*1 11.0*9 3.*57 12.*25 10.50* 2.777 21.529 87.867 67.316 11.9*3 3.852 l*.O97 11.716 3.*0* 22.30* 9*.326 7*.513 13.263 *.*98 l*.7*0 13.150 3.579 25.283 107.52* 83.00* 15.31* *.688 15.759 15.966 3.993 27.28* 137.335 98.3*3 18.299 5.29* 17.229 23.086 *.739 29.696 1*3.222 107.873 20.900 5.9*1 18.219 26.321 *.816 31.676 1*7.**2 112.931 22.273 6.683 18.708 26.290 5.181 33.796 158.528 119.062 23.603 7.1*6. 19.111 28.760 5.526 3*.916 187.388 130.935 26.080 8.367 20.9*6 30.780 5.871 3e.R91 TOTAL LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS REST OF THE WORLD 1 2 3 * 5 6 7 8 9 10 11 12 13 1* 5.160 139 C 2.13* 2.887 0 16.522 336 1.686 5.997 8.503 0 20.551 103 l.*90 6.935 12.023 0 19.813 36 1.3*0 *.386 l*.O51 0 2*.520 283 2.3*9 5.259 16.629 0 38.992 0 8.167 9.289 21.536 0 35.3*9 0 3.025 10.615 21.709 0 3*.511 0 3.710 7.936 22.085 780 39.*66 0 6.117 7.979 22.130 3.2*0 56.*53 0 11.652 15.1*7 25.679 3.975 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL BANKING SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 9 10 11 12 13 1* 15 16 17 18 *0.175 11 895 20.107 78.263 3 8.*11 32.028 87.867 2.751 7.990 3*.256 9*.326 626 12.018 37.96* 107.52* 1.355 17.085 *1.289 137.335 6.11* 22.*87 **.7*6 1*3.222 *.590 19.60* *7.169 147.**2 668 22.893 *9.67* 158.528 2.21* 25.321 52.918 187.388 5.678 33.136 56.525 19 20 21 22 23 2* 25 *.1*6 75 2.930 17* *.736 6.3** 757 9.568 187 3.759 3*8 7.990 13.987 1.982 11.1*8 193 3.7*5 *50 9.513 15.609 2.212 9.303 16* 5.792 **5 10.5*7 15.220 2.2*7 10.*90 58 *.*10 518 11.763 17.730 2.826 15.296 6* *.891 83* 15.190 23.893 3.820 17.619 57 6.873 1.160 18.206 23.637 *.307 15.618 261 7.659 1.615 19.835 25.071 *.1*8 16.373 106 7.*55 1.503 20.979 27.573 *.086 2*.922 68 6.687 2.1** 23.203 30.638 *.387 SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES FINANCE N.E.C. REST OF THE WORLD TOTAL LIAB., BY TYPE + SECTOR TOTAL ASSETS HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT 15 16 17 18 19 20 21 22 23 2* 25 OPEN-MARKET PAPER 1 *.353 1*.378 18.738 22.7*2 27.950 *2.009 *0.805 *1.752 *5.099 56.736 2 3 * 5 2.525 0 2.525 0 7.397 0 7.397 0 10.556 0 10.556 0 12.18* 0 12.18* 0 13.972 0 13.972 0 20.783 2.993 17.790 0 20.*00 1 .9*0 18.*60 0 20.708 l.*78 18.930 300 22.5*9 1.707 19.3*2 1.500 28.011 3.570 23.**6 995 DIRECTLY-PLACED PAPER BANK AFFILIATES FINANCE COMPANIES REITS 6 7 8 9 10 677 315 0 362 0 1.903 797 0 1.106 0 3.089 1.622 0 l.*67 0 *.901 3.03* 0 1.867 0 7.201 *.5** 0 2.657 0 11.817 6.855 1.216 3.7*6 0 12.671 9.013 *09 3.2*9 0 11.*18 7.288 *95 3.155 *80 12.172 6.71* 930 2.788 1.7*0 13.062 6.538 1.311 2.233 2.980 DEALER-PLACED PAPER CORPORATE BUSINESS BANK AFFILIATES FINANCE COMPANIES REITS 6 7 8 9 10 11 12 13 1* 15 1.151 593 297 296 558 3.392 891 **6 **5 2.501 3.603 1.063 532 531 2.5*0 *.317 1.30* 652 652 3.013 *.*28 1.57* 787 787 2.85* 5.*51 2.282 1.1*1 1.1*1 3. 169 7.058 3.090 1.5*5 1.5*5 3.968 7.889 3.619 1.810 1.809 *.270 6.898 3.672 1.836 1.836 3.226 8.892 3.*23 1.712 1.711 5.*69 BANKERS’ ACCEPTANCES NONFINANCIAL BUSINESS NONCORPORATE CORPORATE REST OF THE WORLD 11 12 13 1* 15 16 0 1.686 l.*90 1.3*0 2.3*9 3.958 676 1.737 3.*80 6.771 NONBANK CREDIT TO BANKS IN SECURITY RP’S 16 17 *.353 1A.378 18.738 22.7*2 27.950 *2.009 *0.805 *1.752 *5.099 56.736 TOTAL HOLOINGS, BY SECTOR 17 18 19 20 21 11 895 895 0 3 8.*11 6.725 1.686 2.751 7.990 6.500 l.*90 626 12.018 10.678 1.3*0 1.355 17.085 1*.8*3 2.2*2 6.11* 22.*87 18.865 3.622 *.590 19.60* 19.370 23* 668 22.893 21.816 1.077 2.21* 25.321 22.633 2.688 5.678 33.136 27.87* 5.262 22 23 2* 25 26 75 2.262 17* 17* 0 187 2.681 3*8 3*8 0 193 3.7*5 *50 *50 0 16* 5.792 **5 **5 0 58 *.*10 518 *11 107 6* *.891 83* *98 336 57 6.873 1.160 718 **2 261 7.659 1.615 955 660 106 7.*55 1.503 711 792 27 28 29 116 63 757 311 *55 1.982 39* 1.003 2.212 *87 963 2.2*7 *58 1.2*0 2.826 1.365 2. *3* 3.820 2.1*2 2.072 *.307 2.770 1.738 *.1*8 1 2 3 * 5 HOUSEHOLDS CORPORATE BUSINESS COMMERCIAL PAPER SECURITY RP’S 18 19 20 21 68 6.687 2.1** 635 1.509 MONETARY AUTHORITIES COMMERCIAL BANKING MUTUAL SAVINGS BANKS COMMERCIAL PAPER SECURITY RP’S 22 23 2* 25 26 2.981 1.A33 *.086 3.00* 1.632 *.387 LIFE INSURANCE COMPANIES INVESTMENT COMPANIES REST OF THE WORLD 27 28 29 OTHER TYPES 1 2 3 6.281 2.287 3.99* 13.532 5.9*6 7.586 l*.606 7.085 7.521 1*.257 7.026 7.231 16.*90 7.512 8.978 21.*59 8.1*3 13.316 21.565 7.861 13.70* 23.333 7.7** 15.589 26.1*0 7.775 18.365 29.006 8.6*5 20.361 FINANCE CO. LOANS TO BUSINESS LIAB.-NONCORPORATE BUSINESS CORPORATE BUSINESS * 5 6 7 8 9 10 11 19.707 *15 577 3.952 779 1.035 139 12.810 31.368 1.632 9*1 *.978 1.676 2.777 336 19.028 33.5*6 2.11* 929 5.190 2.0*2 3.*0* 103 19.76* 37.20* 2.**3 1.087 5.556 2.233 3.579 36 22.270 *0.*86 3.206 1.03* 5.883 1.657 3.993 283 2*.*30 *3.858 3.586 1.019 6.213 1.77* *.739 0 26.527 *6.212 3.879 967 6.783 2.059 *.816 0 27.708 *8.705 *.239 1.01* 7.1*1 1.60* 5.181 0 29.526 51.937 *.62* 1.050 7.202 1.8*5 5.526 0 31.690 55.519 *.875 1.169 8.012 2.170 5.871 0 33.*22 U.S. GOVERNMENT LOANS * 5 LIAB.-HOUSEHOLDS 6 FARM BUSINESS NONFARM NONCORP. BUS. 7 8 CORPORATE BUSINESS 9 S. + L. GOVERNMENTS SPONS. CREDIT AGENCIES 10 REST OF THE WORLD 11 12 *.1*6 9.568 11.1*8 9.303 10.*90 15.296 17.619 15.618 16.373 2*.922 13 1* 15 1.390 622 2.13* 2.516 1.055 5.997 2.923 1.290 6.935 3.*11 1.506 *.386 3.65* 1.577 5.259 *.275 1.732 9.289 *.97* 2.030 10.615 5.669 2.013 7.936 6.096 2.298 7.979 7.198 2.577 15.1*7 SPONSORED CREDIT AGENCY LOANS LIABILITY OF— FARM BUSINESS (FICB) NONFARM NONCORP. BUS. (BC) S+L ASSOCIATIONS (FHLB) 13 1* 15 16 17 18 5.020 *00 *.620 8.339 660 7.679 9.829 710 9.119 10.820 760 10.060 12.108 803 11.305 1*.713 888 13.825 17.021 957 16.06* 18.03* 969 17.065 18.979 981 17.998 21.205 1.006 20.199 POLICY LOANS (HH LIABILITY) ASSET-U.S. GOVERNMENT LIFE INSURANCE COS. 16 17 18 19 668 1.078 0 0 0 0 0 0 0 0 HYPOTHECATED DEP. (HH LIAB.) ASSET-COMMERCIAL BANKS 19 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 1 2 3 12 AUGUST 1974 SECURITY CREDIT, TRADE CREDIT, AND TAXES 46 SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES PAYABLE YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 ♦ 1965-73 I I 1959 || 1965 1966 1967 1969 1968 1970 1971 1972 1973 SECURITY CREDIT 10.510 5.536 87 17.954 9.098 119 18.729 9.025 128 25.752 12.709 298 32.334 15.627 508 25.678 12.227 278 24.879 10.447 279 28.670 13.056 312 37.540 17.728 396 29.345 13.142 231 1 2 3 4.887 3.791 1.096 8.737 6.046 2.691 9.576 6.671 2.905 12.745 7.491 5.254 16.199 8.524 7.675 13.173 7.518 5.655 14.153 9.450 4.703 15.302 10.102 5.200 19.416 14.027 5.389 15.972 10.822 5.150 4 5 6 10.510 989 5.641 3.791 1.850 17.954 2.533 9.277 6.046 3.231 18.729 2.730 9.874 6.671 3.203 25.752 4.943 11.334 7.491 3.843 32.334 7.039 12.654 8.524 4.130 25.678 5.221 11.545 7.518 4.027 24.879 4.354 12.986 9.450 3.536 28.670 4.889 13.761 10.102 3.659 37.540 5.023 18.518 14.027 4.491 29.345 4.817 15.122 10.822 4.300 7 8 10 11 3.773 107 5.986 158 5.950 175 9.164 311 12.005 636 8.478 434 7.190 349 9.709 311 13.633 366 9.073 333 12 13 74.093 2.067 3.499 1.297 117.826 3.044 6.146 298 129.824 3.323 7.012 -969 140.903 3.729 7.828 -288 159.772 4.218 8.091 -394 183.223 4.707 8.782 -405 193.317 5.207 9.724 -185 199.437 5.552 10.837 158 217.114 6.160 12.288 1.007 240.876 6.767 13.750 25 1 2 3 4 13.872 15.169 14.040 14.338 14.454 13.485 14.951 14.663 13.854 13.460 14.257 13.852 13.143 12.958 12.957 13.115 12.562 13.569 11.999 12.024 5 6 CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS U.S. GOVERNMENT FOREIGN 61.072 2.378 2.903 877 98.124 3.691 3.866 2.657 108.742 4.182 4.535 2.999 116.178 4.820 5. 104 3.532 133.393 5.430 5.103 3.931 154.204 5.944 4.775 5.216 161.744 6.455 4.193 6.179 165.561 7.106 3.518 6.705 179.275 7.814 3.398 7.172 198.871 8.900 3.514 9.049 7 8 9 10 11 TOTAL ASSETS CORPORATE BUSINESS 12 13 U.S. GOVERNMENT 14 OTHER INSURANCE COMPANIES 15 FOREIGN 82.415 78.247 1.722 1.782 664 127.695 120.967 3.122 2.649 957 141.655 132.968 4.371 2.898 1.418 152.139 141.310 5.839 3.176 1.814 172.585 159.960 6.414 3.476 2.735 198.310 182.689 7.333 3.898 4.390 207.756 191.051 6.556 4.370 5.779 212.138 196.742 4.852 4.661 5.883 233.960 216.789 4.033 5.842 7.296 259.957 240.868 4.307 6.500 8.282 11 12 13 14 15 16 DISCREPANCY -8.322 -9.869 -11.831 -11.236 -12.813 -15.087 -14.439 -12.701 -16.846 -19.081 16 1 TOTAL LIABILITIES 2 HOUSEHOLDS 3 FOREIGN 4 5 6 BROKERS ♦ DEALERS SECURITY LOANS FROM BANKS CUSTOMER CREDIT BALANCES 7 TOTAL ASSETS 8 HOUSEHOLDS COMMERCIAL BANKING 9 10 TO BROKERS ♦ DEALERS TO OTHERS 11 12 13 BROKERS + DEALERS FOREIGN 9 TRADE CREDIT 1 TOTAL LIABILITIES 2 HOUSEHOLDS 3 FARM BUSINESS 4 NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) 5 ASSET LIABILITY 6 7 8 9 10 PROFIT TAXES PAYABLE 1 TOTAL PROFIT TAXES PAYABLE CORPORATE BUSINESS 2 3 MONETARY AUTHORITIES A COMMERCIAL BANKS 5 SAVINGS ♦ LOAN ASSOCIATIONS 6 LIFE INSURANCE COMPANIES 7 OTHER INSURANCE COMPANIES 8 FINANCE COMPANIES 9 BROKERS + DEALERS 10 TOTAL TAXES RECEIVABLE STATE + LOCAL GOVERNMENTS 11 U.S. GOVERNMENT 12 17.612 15.817 408 ^69 6 434 145 283 50 22.115 20.169 160 702 104 532 93 262 93 22.274 20.374 159 671 60 592 95 228 95 17.371 15.647 176 590 57 481 97 172 151 20.392 18.508 176 539 81 643 75 171 199 17.301 15.202 205 617 87 698 126 219 147 14.176 11.472 225 957 105 823 193 251 150 15.980 13.345 192 930 150 796 150 277 140 15.874 13.253 171 730 176 811 270 298 165 18.533 15.576 294 815 212 847 283 353 153 1 2 3 4 5 6 7 8 9 14.533 1.360 13.173 19.303 1.901 17.402 18.674 1.994 16.680 14.465 2.172 12.293 16.442 2.450 13.992 13.850 2.412 11.438 11.614 2.525 9.089 13.315 2.788 10.527 12.828 3.064 9.764 15.589 3.662 11.927 10 11 12 3.079 2.812 3.600 2.906 3.950 3.451 2.562 2.665 3.046 2.944 13 13 DISCREPANCY MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST 1974 MISCELLANEOUS I MISCELLANEOUS I 47 MISCELLANEOUS FINANCIAL CLAIMS YEAR-ENO OUTSTANDINGS, 1959 + 1965-73 I I 1959 | 1 YEAR-END OUTSTANDINGS, 1959 + 1965-73 1965 1966 1967 1968 1969 1970 1971 1972 1973 1 2 3 4 83.793 2.187 6.604 1.348 131.474 3.303 8.797 599 145.050 3.659 9.054 791 157.896 3.947 9.923 1.044 175.837 4.302 10.815 1.240 206.085 4.688 11.818 942 219.127 5.118 13.270 329 230.876 5.436 13.655 336 259.478 5.976 14.263 337 305.512 6.376 17.748 337 5 6 7 8 38.656 2.545 985 9.356 60.655 3.787 1.283 16.415 69.070 3.976 1.198 21.397 76.221 4.447 1.247 23.654 87.978 4.194 1.338 31.231 111.879 4.548 1.837 48.974 116.824 7.092 2.223 45.241 119.187 6.111 2.069 42.495 137.453 6.393 1.954 51.797 165.261 8.562 2.714 69.268 9 10 11 12 13 868 606 9.496 14.800 0 1.733 1.124 15.168 21.145 0 2.071 1.113 16.385 22.930 0 2.403 1.260 18.204 25.006 0 2.709 1.372 19.662 27.472 0 3.025 1.585 21.093 30.8 17 0 3.567 1.689 22.777 34.235 0 4.034 1.809 24.864 37.805 0 4.937 2.024 27.724 42.624 0 5.812 2.620 30.460 45.825 0 14 34.998 58.120 62.476 66.761 71.502 76.758 83.586 92.262 101.449 115.790 15 16 17 18 19 20 80.222 12.821 1.782 2.896 33.999 3.411 126.599 16.983 2.497 4.083 56.877 4.679 139.714 18.199 2.704 4.442 62.262 4.430 152.607 19.848 2.967 4.844 67.443 4.336 168.178 21.645 3.346 5.326 72.158 4.113 189.255 23.763 3.782 5.998 78.093 4.204 204.606 26.347 4.271 6.682 85.064 4.378 214.340 28.651 4.839 7.476 94.381 4.571 235.397 31.319 5.513 8.470 104.170 4.445 276.879 32.816 6.228 9.461 120.081 5.413 21 22 23 12.316 247 4.002 24.898 335 8.781 27.642 275 9.985 31.054 257 10.682 35.681 251 14.071 39.139 504 16.457 48.736 1.306 21.501 51.410 1.495 22.720 54.973 1.123 24.977 67.743 2.789 32.216 24 25 26 27 28 2.985 286 3.628 1.168 0 6.902 840 5.731 2.309 0 7.242 966 5.967 3.207 0 8.105 1.115 6.851 4.044 0 8.028 1.367 7.468 4.396 100 7.581 1.325 8.330 4.720 222 9.788 1.697 9.151 4.735 558 9.880 1.836 10.069 4.803 607 9.974 2.207 11.076 4.854762 11.478 2.488 11.993 4.909 1.870 29 12.997 16.582 20.035 22.115 25.909 34.276 29.128 23.012 26.507 35.137 30 3.571 4.875 5.336 5.289 7.659 16.830 14.521 16.536 24.081 28.633 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING SAVINGS + LOAN MUTUAL SAVINGS LIFE INSURANCE NONLIFE INSUR. REITS ASSNS. BANKS COMPANIES COMPANIES REST OF THE WORLD TOTAL ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT TOTAL FINANCE SPONSORED CREDIT AGENCIES COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS REITS REST OF THE WORLD UNALLOCATED, NET 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 (A) FOREIGN CLAIMS COMMERCIAL BANK LIABILITY TO FOREIGN AFFILIATES ASSET-REST OF THE WORLD LIAB.-COMMERCIAL BANKS FOREIGN BANKING AGS 31 32 33 31 32 33 2.591 525 2.066 4.665 1.383 3.282 7.607 4.036 3.571 8.310 4.241 4.069 10.628 6.039 4.589 18.564 12.822 5.742 11.625 5.655 5.970 7.556 903 6.653 8.489 1.400 7.089 9.552 1.750 7.802 34 29.735 49.233 53.926 58.255 61.623 66.627 72.966 79.826 85.962 97.670 DIRECT FOREIGN INVESTMENT BY U.S. CORPORATIONS LIAB.-REST OF THE WORLD 34 17.748 DIRECT FOREIGN INVESTMENT IN U.S. LIAB.-CORPORATE BUSINESS 35 U.S. GOVT. EO. IN IBRD, ETC. LIAB.-REST OF THE WORLD 36 FOREIGN CURR. EXCEPT OFFICIAL LIAB.-REST OF THE WORLD ASSET—CORPORATE BUSINESS U.S. GOVERNMENT COMMERCIAL BANKS FOREIGN BANKING AGS. 37 38 39 40 41 35 36 37 38 39 40 41 6.604 8.797 670 1.290 2.642 132 2.382 114 14 4.250 781 3.161 282 26 9.054 1.290 4.012 885 2.818 279 30 9.923 1.373 4.084 1.055 2.663 328 38 10.815 1.510 4.567 1.587 2.603 337 40 11.818 1.694 4.235 1.306 2.510 363 56 13.270 1.929 4.661 931 2.449 450 831 13.655 2.181 6.136 2.318 2.390 625 803 14.263 2.451 9.485 4.102 1.994 854 2.535 2.799 14.294 6.670 2.614 1.029 3.981 (B) U. S. GOVERNMENT CLAIMS 42 352 1.031 25 135 25 25 25 25 25 25 43 589 1.045 1.037 1.432 1.383 1.041 2.330 1.789 1.548 1.745 44 45 1.514 3 59 2.029 228 2.293 322 2.371 300 2.218 0 2.426 0 2.732 0 2.849 0 3.107 0 3.672 0 46 47 48 49 198 40 51 866 319 108 97 1.277 365 117 120 1.369 414 128 134 1.395 516 139 160 1.403 571 152 225 1.478 622 167 336 1.607 692 180 359 1.618 782 192 377 1.756 942 212 396 2.122 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS POSTAL SAVINGS DEPOSITS (LIAB.-U.S. GOVT.) ASSET—HOUSEHOLDS 42 DEPOSITS AT FHLB (ASSET—S+L ASSOCIATIONS) LIAB.-SPONSORED CREDIT AGS. 43 EQ. IN U.S. GOVT. CREDIT AGS. U.S. GOVERNMENT PRIVATE FARM BUSINESS (FICB + FLB) NONFARM NONCORPORATE (BC) CORPORATE BUSINESS (FNMA) S+L ASSOCIATIONS (FHLB, 44 45 46 47 48 49 AUGUST 1974 MISCELLANEOUS II MISCELLANEOUS II 48 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 1965-73 II 1959 |, 1965 1966 1967 1968 1969 1970 1971 1972 1973 DEFERRED AND UNPAID PREMIUMS (ASSET-LIFE INSURANCE) 1 LIAB.-HOUSEHOLDS 2.187 3.303 3.659 3.947 4.302 4.688 5.118 5.436 5.976 6.376 1 LIFE COMPANY RESERVES (ASSET-HOUSEHOLDS) 2 LIAB.-LIFE INSURANCE COS. 3 ACCIDENT AND HEALTH 4 POLICY DIVIDEND ACCUM, 5.511 794 4.717 8.405 1.432 6.973 9.129 1.652 7.477 10.085 2.144. 7.941 10.953 8.479 11.913 2.879 9.034 13.082 3.474 9.608 14.142 3.892 10.250 15.408 4.347 11.061 16.846 4.910 11.936 2 3 4 14.800 6.279 21.145 8.226 1.584 2.178 3.975 22.930 8.935 2.339 4.325 7.331 25.006 9.738 2.553 4.716 7.999 27.472 10.667 2.830 5.187 8.788 30.817 11.825 3.211 5.8A6 9.935 34.235 13.240 3.649 6.515 10.831 37.805 14.484 4.147 7.296 11.878 42.624 15.886 4.731 8.278 13.729 45.825 15.945 5.286 9.249 15.345 6 7 8 9 (C) LIFE INSURANCE CLAIMS 2.474 (D) NONLIFE INSURANCE CLAIMS 5 6 7 8 9 LIAB.-OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS CORPORATE BUSINESS 2.856 4.081 6.766 (E) UNALLOCATED ASSETS + LIAB. 10 NET TOTAL (LIAB. LESS ASSETS) 3.571 4.875 5.336 5.289 7.659 16.830 14.521 16.536 24.081 28.633 10 TOTAL LIABILITIES U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 15.919 317 442 985 26.960 247 713 1.283 29.978 656 646 1.198 33.085 1.019 644 1.247 40.341 1.215 593 1.338 52.237 917 1.081 1.837 57.154 304 2.030 2.223 59.476 311 1.473 2.069 70.140 312 1.738 1.954 88.960 312 3.145 2.714 11 12 13 14 13.849 11.224 0 711 1.914 18.971 15.368 0 1.437 2.166 25.475 19.675 322 2.197 3.281 29.503 22.034 1.287 2.407 3.775 31.405 23.621 1.858 1.642 4.284 38.232 29.730 560 3.192 4.750 43.261 33.690 -392 4.740 5.223 15 16 17 18 19 1.632 957 46 -629 4.935 484 3.815 -636 3.534 -644 3.868 -310 5.076 1.684 3.815 423 16.455 3.084 14.127 756 20 21 22 23 11 12 13 14 15 16 17 18 19 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES BANKS IN U.S. POSS. 5.762 5.200 0 -49 611 10.961 9.277 0 340 1.344 12.134 9.834 0 680 1.620 20 21 22 23 FLOATS IN COML. BANK STMNT ON INTERBANK DEPOSITS ON INTERBANK LOANS LESS: ON MEMBER BK. RES. 1.003 832 -72 -243 789 350 -16 -455 1.656 881 50 -725 24 25 26 27 28 SAVINGS + LOAN ASSNS, MUTUAL SAVINGS BANKS LIFE INSURANCE REITS REST OF THE WORLD 868 606 3.98 5 0 1.951 1.733 1.124 6.763 0 3.347 2.071 1.113 7.256 0 3.248 2.403 1.260 8.119 0 3.049 2 .709 1.372 8.709 0 3.802 3.025 1.585 9.180 0 4.202 3.567 1.689 9.695 0 4.030 4.034 1.809 10.722 0 4.119 4.937 2.024 12.316 0 3.551 5.812 2.620 13.614 0 1.027 24 25 26 27 26 12.348 247 2.902 648 324 22.085 335 5.934 1.935 604 24.642 275 6.797 2.163 716 27.796 2S7 8.013 1.491 812 32.682 251 9.893 2.845 956 35.407 504 11.062 3.170 1.806 42.633 1.306 12.254 5.904 2.062 42.940 1.495 13.585 5.574 2.133 46.059 1.123 15.606 3.839 2.143 60.327 2.789 20.328 4.657 2.221 29 30 31 32 33 1.530 286 1.441 1.168 0 3.802 4.580 840 2.428 2.309 0 3.120 4.836 966 2.308 3.207 0 3.374 5.278 1.115 2.904 4.044 O 3.882 5.242 1.367 3.166 4.396 100 4.466 5.062 1.325 3.642 4.720 222 3.894 5.851 1.697 4.033 4.735 558 4.233 6.473 1.836 4.633 4.803 607 6.670 2.207 5.100 4.854 762 3.755 7.611 2.488 5.617 4.909 1.870 7.837 34 35 36 37 38 39 29 30 31 32 33 34 35 36 37 38 39 TOTAL ASSETS SPONSORED CREDIT AGENCIES COMMERCIAL BANKS FOREIGN BANKING AGENCIES BANKS IN U.S. POSSESSIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNDS REITS REST OF THE WORLD MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 1.495 465 213 -817 4.113 419 2.863 -831 1.801 AUGUST 1974 TOTAL CLAIMS TOTAL CLAIMS 49 TOTAL FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959 + 1965-73 I I 1959 || 1966 1965 YEAR-END OUTSTANDINGS, 1959 + 1965-73 1967 1968 1969 1970 1971 1972 1973 CREDIT MARKET DEBT CLAIMS (1) 1 736.202 1100.262 1173.462 1251.270 1358.457 1473.467 1574.192 1723.450 1909.394 2139.552 2 3 4 5 6 7 8 9 10 708.801 1037.588 1102.800 1181.622 1276.882 1363.881 1456.650 1592.269 1751.444 1930.415 237.981 262.178 265.811 278.816 292.214 288.568 301.370 327.370 344.687 354.401 42.849 45.309 39.900 47.500 50.585 55.758 61.004 68.548 21.075 38.872 449.745 736.538 797.089 859.957 939.359 1027.813 1104.695 1209.141 1345.753 1507.466 198.360 333.213 354.686 374.003 404.293 435.900 459.274 498.793 562.018 634.833 52.041 35.769 39.249 41.907 64.525 18.934 32.299 48.332 56.898 45.083 83.424 51.565 62.079 69.460 93.779 103.064 23.486 46.195 56.521 74.722 142.444 221.776. 245.740 272.902 303.868 339.488 373.162 407.838 451.837 511.565 109.329 117.282 127.212 137.882 149.205 167.045 193.479 66.521 103.055 181.221 TOTAL CREDIT MKT. LIABILITIES OWED BY: NONFINANCIAL SECTORS U.S. GOVERNMENT FOREIGN PRIVATE DOMESTIC HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS S. + L. GOVERNMENTS 2 3 4 5 6 7 8 9 10 209.137 68.946 10.906 4.881 7.998 21.972 80.084 14.350 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 11 12 13 14 15 16 17 18 11 12 13 14 15 16 17 18 27.401 7.259 0 0 44 3.680 16.418 0 62.674 14.182 3.276 0 79 8.654 36.483 0 70.662 19.007 3.184 0 134 8.737 39.600 0 69.648 18.386 3.303 0 106 7.035 40.818 0 81.575 21.862 4.570 0 191 8.167 46.519 266 109.586 30.645 5.995 4.209 349 12.271 55.315 802 117.542 38.879 2.811 2.349 429 14.116 56.906 2.052 131.181 43.175 4.727 1.973 2.070 14.050 61.075 4.111 157.950 49.357 7.607 2.637 2.914 16.010 70.665 8.760 19 736.202 1100.262 1173.462 1251.270 1358.457 1473.467 1574.192 1723.450 1909.394 2139.552 20 21 22 23 24 199.271 140.482 5.091 35.682 18.016 235.089 166.015 7.084 38.855 23.135 252.359 183.040 7.576 36.812 24.931 255.737 184.913 8.004 38.236 24.584 276.178 196.717 8.494 44.098 26.869 320.118 231.131 9.092 46.582 33.313 317.542 229.970 9.678 44.271 33.623 314.487 221.194 10.364 51.309 31.620 328.136 227.572 11.438 53.880 35.246 366.530 256.391 12.701 61.753 35.685 46.551 51.135 53.999 56.670 59.230 62.214 65.236 TOTAL CREDIT MARKET ASSETS HELD BY: PRIVATE DOM. NONFIN. SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS 1 19 20 21 22 23 24 25 25.677 37.672 42.049 26 27 28 499.988 9.908 26.728 811.608 18.265 40.996 864.773 23.382 44.475 932.904 1015.032 1084.500 1174.275 1297.298 1457.959 1646.284 23.289 26.530 35.400 45.430 48.597 55.627 75.882 52.995 57.218 62.199 71.065 80.563 49.276 71.336 29 30 31 32 33 188.501 186.803 0 1.477 221 300.938 298.314 0 2.028 596 317.253 314.129 0 2.396 728 353.122 349.475 0 2.771 876 391.863 387.730 0 3.172 961 410.681 401.040 3.946 4.504 1.191 445.749 434.293 2.954 7.176 1.326 496.341 484.572 2.840 7.292 1.637 566.884 553.396 2.598 8.966 1.924 653.484 634.291 4.300 12.860 2.033 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES BANKS IN U.S. POSS. 29 30 31 32 33 34 35 36 37 274.851 58.951 37.017 3.815 451.409 119.823 54.949 8.241 479.663 124.362 57.596 9.353 507.217 133.419 62.571 10.219 543.644 143.283 66.852 11.518 581.201 153.170 69.787 13.089 620.897 164.742 73.520 14.554 681.295 193.974 83.373 17.186 764.112 230.383 93.142 20.272 836.355 257.516 98.153 23.209 PRIVATE NONBANK FINANCE SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 34 35 36 37 38 39 40 41 100.611 17.903 16.837 14.793 137.730 29.582 31.261 20.489 145.443 32.206 34.948 21.961 152.808 32.950 38.280 23.483 160.488 34.012 41.640 25.413 167.185 34.621 45.468 26.987 174.192 36.992 49.474 30.870 182.310 35.428 52.475 34.647 192.584 34.895 56.772 38.331 204.637 36.848 62.097 41.132 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. + L. GOVT., RTR. FUND OTHER INSURANCE COS. 38 39 40 41 42 43 44 45 21.976 0 1.710 1.238 42.799 0 3.820 2.715 44.938 0 5.355 3.501 45.489 0 4.843 3.155 50.622 230 5.791 3.795 59.165 1.107 6.695 3.927 59.867 3.219 7.208 6.259 64.008 5.763 7.207 4.924 74.766 10.630 7.190 5.147 84.902 15.110 6.968 5.763 FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. SECURITY BKRS. ♦ DEALERS 42 43 44 45 46 11.266 15.893 14.281 16.078 16.112 14.850 25.705 52.435 61.085 61.502 U.S. GOVERNMENT 25 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES FEDERAL RESERVE SYSTEM 26 27 28 REST OF THE WORLD 46 TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS 1 736.202 1100.262 1173.462 1251.270 1358.457 1473.467 1574.192 1723.450 1909.394 2139.552 TOTAL CREDIT MKT. LIABILITIES (FROM PRECEDING TABLE) OTHER LIABILITIES: OFFICIAL FOREIGN EXCHANGE TREASURY CURR. ♦ SDR CTFS. 1 2 3 1.997 2.639 1.644 3.064 1.647 3.963 2.765 4.646 4.818 5.062 5.105 5.334 2.564 5.956 861 6.446 4 5 6 7 8 315.454 221.453 153.665 67.788 94.001 507.163 335.115 187.420 147.695 172.048 530.141 351.159 191.325 159.834 178.982 585.887 390.070 206.322 183.748 195.817 634.005 425.568 221.099 204.469 208.437 640.785 424.421 229.296 195.125 216.364 710.069 476.663 243.573 233.090 233.406 809.386 535.429 260.976 274.453 273.957 918.230 1014.401 598.144 666.197 281.348 298.467 316.796 367.730 320.086 348.2 04 DEPOSITS AT FINANCIAL INSTS. BANKING SYSTEM DEMAND DEP. ♦ CURRENCY TIME + SAVINGS DEPOSITS SAVINGS INSTITUTIONS 9 10 11 164.229 19.514 144.715 259.685 26.737 232.948 274.210 28.097 246.113 300.653 29.492 271.161 326.422 30.814 295.608 342.439 32.399 310.040 367.828 34.886 332.942 408.004 37.800 370.204 457.539 41.022 416.517 458.085 42.987 415.098 INSURANCE + PENSION RESERVES 9 U.S. GOVERNMENT 10 INSURANCE SECTOR 11 12 13 14 15 10.510 74.093 17.612 83.793 17.954 117.826 22.115 131.474 18.729 129.824 22.274 145.050 25.752 140.903 17.371 157.896 32.334 159.772 20.392 175.837 25.678 183.223 17.301 206.085 24.879 193.317 14.176 219.127 28.670 199.437 15.980 230.876 37.540 217.114 15.874 259.478 29.345 240.876 18.533 305.512 SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE MISCELLANEOUS 12 13 14 15 16 17 23.628 15.818 26.562 35.220 28.856 34.829 31.621 44.701 35.266 52.677 37.228 48.289 41.685 47.618 47.267 56.694 49.252 59.831 57.116 46.519 INTERBANK CLAIMS INVESTMENT COMPANY SHARES 16 17 706 6.979 560 7.401 1445.975 2222.969 2362.985 2563.465 2805.042 2984.934 3201.411 3527.071 3931.937 4317.900 19 20 438.170 40.195 713.748 43.230 647.824 43.185 824.838 41.600 974.952 40.905 859.353 41.015 852.937 44.689 989.450 1163.249 48.084 55.870 921.438 61.088 21 22 23 -166 9.011 -8.322 51 10.480 -9.869 -232 9.546 -11.831 -565 8.312 -11.236 -121 8.792 -12.813 -706 10.851 -15.087 —656 12.023 -14.439 -829 12.121 -12.701 -261 15.277 -16.846 78 15.370 -19.081 24 25 26 -2.516 3.079 3.571 -2.355 2.812 4.875 -2.198 3.600 5.336 -1.982 2.906 5.289 -1.733 3.950 7.659 -1.514 3.451 16.830 -1.593 2.562 14.521 -1.581 2.665 16.536 -1.734 3.046 24.081 -1.715 2.944 28.633 27 1919.683 2973.953 3049.773 3427.179 3815.165 3871.477 4086.619 4548.394 5127.493 5274.197 4 5 6 7 8 TOTAL LIABILITIES ABOVE ♦ FINANCIAL ASSETS NOT INCLUDED IN BORROWING OTHER CORPORATE SHARES GOLD + SDR'S - FLOATS NOT INCL. IN ASSETS DEMAND DEPOSITS-U.S. GOVT. OTHER TRADE CREDIT - LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY TAXES PAYABLE MISCELLANEOUS 24 25 26 TOTALS ALLOCATED TO SECTORS AS ASSETS 27 (1) EXCLUDES CORPORATE EQUITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 2 3 19 20 21 22 23 AUGUST 1974 ASSETS AND LIABILITIES OF INDIVIDUALS ASSETS AND LIABILITIES OF INDIVIDUALS 50 YEAR-END ASSETS ANC LIABILITIES UF INDIVIDUALS IN THE U.S. (1) YEAR-END OUTSTANDINGS, 1959 + 1965-73 YEAR-END OUTSTANDINGS, 1959 + 1965-73 II 1959 I| 1965 1966 1967 1968 1969 1970 1971 1972 1973 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRFNCY 2 3 SAVINGS ACCOUNTS 975.214 1496.608 1493.243 1729.382 1946.258 1891.472 1958.521 2176.314 2450.617 2350.147 90.406 112.736 116.590 127.991 140.508 142.262 153.550 164.637 176.742 189.663 153.839 287.525 306.831 341.511 371.692 377.822 422.284 492.534 567.894 635.567 4 5 6 7 8 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AGENCY SEC. STATE + LOCAL OBLIGATIONS 513.275 45.907 25.188 2.362 27.251 769.140 49.595 27.648 4.558 36.365 724.299 50.249 30.286 8.952 39.964 882.040 1023.658 51.139 51.512 34.858 29.563 10.307 10.192 37.714 36.953 941.914 51.126 45.326 12.953 46.131 924.210 1015.439 1149.044 51.407 53.832 57.127 32.583 20.465 17.860 15.728 10.997 10.901 45.380 45.229 46.189 962.680 59.827 24.381 21.050 50.524 4 5 6 7 8 9 10 11 12 CORPORATE + FOREIGN BONDS COMMERCIAL PAPER INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 9.877 11 15.818 386.861 13.504 3 35.220 602.247 15.176 2.751 34.829 542.092 18.983 626 44.701 689.007 23.719 1.355 52.677 812.392 30.302 6.114 48.289 701.673 40.965 4.590 47.618 685.939 50.522 668 56.694 777.032 55.646 2.214 59.831 899.276 56.802 5.678 46.519 697.899 9 10 11 12 75.606 17.575 34.131 36.917 53.465 98.863 27.325 73.568 59.929 67.522 103.450 29.425 75.820 65.515 71.313 108.224 32.050 89.371 71.008 77.187 112.859 34.975 101.438 77.150 83.978 117.771 37.900 102.545 84.223 87.035 122.907 41.175 110.771 92.975 90.649 129.008 46.350 130.472 102.174 95.700 135.499 52.300 156.486 113.254 99.398 142.708 57.450 133.293 124.634 104.152 13 14 15 16 17 255.366 125.966 33.215 51.544 5.536 5.020 34.085 433.596 206.338 62.550 89.883 9.098 8.339 57.388 464.070 218.990 68.314 96.238 9.025 9.829 61.674 497.698 229.361 75.351 100.783 12.709 10.820 68.674 540.123 243.986 81.998 110.770 15.627 12.108 75.634 580.442 260.058 88.987 121.146 12.227 14.713 83.311 612.639 272.539 97.019 127.163 10.447 17.021 88.450 669.297 296.397 107.866 138.394 13.056 18.034 95.550 755.854 334.821 121.089 157.564 17.728 18.979 105.673 842.482 379.029 132.957 180.486 13.142 21.205 115.663 18 19 20 21 22 23 24 13 14 15 16 17 PRIVATE LIFE INSURANCE RES. PRIVATE INSURED PEN. RES. PRIVATE NONINSURED PEN. RES. GOVT. INSURANCE + PEN. RES. MISCELLANEOUS FINAN. ASSETS 18 TOTAL LIABILITIES 19 MTG. DEBT ON NONFARM HOMES 20 NONCORP. BUS. MORTGAGE DEBT CONSUMER CREDIT 21 SECURITY CREDIT 22 POLICY LOANS 23 24 OTHER DEBT (1) COMBINED STATEMENT FOR HOUSEHOLDS, FARM, AND NONFARM NONCORPORATE BUSINESS. MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. 1 2 3
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