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Z.l
September 1985
Flow of Funds
1985: Q2
Flow of Funds Accounts,
Second Quarter 1985
Seasonally Adjusted and Unadjusted
Annual Revisions
Board of Governors of the Federal Reserve System, Washington, D. C. 20551
CONTENTS
iiri~'
Information Status for Preliminary Estimates
Debt Aggregate Growth Rates
SUMMARY TABLES
1
2
4
Income and Product Distribution
Funds Raised in Credit Markets
Credit Market Supply of Funds
SECTOR TABLES
6
8
10
12
14
16
18
20
22
24
26
Households
Total Nonfinancial Business
Noncorporate Business
Nonfinancial Corporate Business
State+Local Governments
Foreign
U.S. Government + Credit Agencies
Banking System
Commercial Banking Subsectors
Nonbank Finance
Savings Insitutitons
Insurance + Pension Funds
Finance N.E.C.
TRANSACTION TABLES
28
30
32
34
S3
40
42
44
s4i
50
52
54
Monetary and Insurance Reserves
Interbank Claims
Deposit Claims
U.S. Government Securities
Private Securities
Mortgages
Consumer Credit and Bank Loans N.E.C.
Open Market Paper
Other Loans
Security Credit, Trade Credit, and Taxes
Miscellaneous
Total Claims
Savings by Individuals
Discrepancies
FLOW REVISIONS FROM JUNE
56
57
58
59
60
Funds Raised in Credit Markets
Credit Market Supply of Funds
Households
Nonfinancial Corporate Business
Total Claims
YEAR-END OUTSTANDINGS
61
62
63
64
65
Credit Market Debt
Credit Market Supply of Funds
Households
Nonfinancial Corporate Business
Total Claims
Flow of Funds Accounts
Second Quarter 1985
Annual Revisions* The accounts presented in this publication
reflect a somewhat more limited recalculation than usually presented this
time of year, owing to the absence of national income and product revisions.
These revisions, normally available in July, are now scheduled to be released
late in 1985 and are expected to extend back for some years. The flow of
funds accounts, however, include preliminary national income and product data
and U.S. international transactions figures through 1985.QII. Other data used
in this revision include 1982 tax statistics for corporate business, the 1983
Survey of Governmental Finances and 1984 information for the insurance industry.
Consumer credit statistics likewise have been revised for pre-1984 periods and
data coverage on Real Estate Investment Trusts (REITS) has been brought onto a
more uniform basis over time.
Seasonal adjustments to the financial flows shown in these tables
have been recalculated beginning with 1984.QI; for prior periods seasonal
factors are the same as carried since the publication of the Second Quarter
1984 Accounts.
This revision continues the new series on private pension funds,
described in the Second Quarter 1984 Accounts, using sample information
provided by a private firm which offers funds evaluation services. The main
revisions to flow estimates in the accounts appear on pages 56 to 60 and new
estimates of outstanding debts and assets are given on pages 61 to 65.
Borrowing flows to domestic nonfinancial sectors are seen to be generally
lower for the 1980 to 1982 period and somewhat higher subsequently, with
higher estimates of mortgage flows and tax-exempt obligations accounting for
much of the 1983/84 upward revision. The somewhat lower level of end-1984
nonfinancial debt than shown previously is attributable in part to downward
revised estimates of amounts of mortgages held by households, extending back
to the mid-1970s.
There are no structural changes in the present annual revisions,
and table presentations are unchanged from those found in preceding quarterly
accounts.
While long historical revisions to these accounts usually are
undertaken only once a year, forthcoming national income and product revi
sions will necessitate at least a revision to nonfinancial data for a
substantial period; these are expected to be incorporated in the Fourth
Quarter 1985 Accounts. Pre-1985 financial data warranting significant
revisions will be reviewed at that time, as well.
Preliminary estimates. Figures shown for the most recent quarter
in these tables are based on preliminary and incomplete information and are
therefore only tentative. At the end of this preface is a list of the principal
sources of information that were available in putting together the quarter on
this preliminary basis, and the significance of individual items in the tables
should be judged on the basis of the list. The list is summary in form and is
by no means a complete statement of sources of data or of derivation methods.
Because much of the source information consists of sector balance sheets or
i
statements of activity, the list is organized mainly in terms of sectors. For
nonfinancial activity included in the accounts, however, such as sector income
and capital outlays, the Commerce Department’s income and product accounts are
the principal source, and this part of the system is included separately at the
beginning of the list.
The items that are shown as available are in general also preliminary
in the sense that they are subject to revision once a year on the basis of
benchmark data.
"Available” for them means that the basic quarterly estimates
have been completed in a form that will usually stand until the next annual
revision. Virtually all quarterly data sources are compiled within five or six
months of the end of the quarter, and the distinction between the two columns
is not between final and preliminary versions of data but rather between those
source estimates that are fully ready when the first quarterly estimate is put
together and those that are not yet completed.
Availability. This publication is part of the quarterly series that
is usually available near the end of the second month following the last quarter
reported and that is distributed to a mailing list. The process of printing
and mailing causes delays of up to two weeks from the time the estimates are
completed. To facilitate earlier access in the meantime, copies of the computer
printouts are distributed to Federal Reserve Bank information offices for use
by the public.
The current quarterly tables are an extension of a body of data
that begins in 1946 in annual form and in 1952 quarterly. Annual-total flows
and year-end outstandings were most recently published in Flow of Funds Accounts,
1949-78 (December 1979). That publication is superceded however, by historical
revisions that first appeared in the August 1981 publication in this quarterly
series. A replacement volume, likely covering 1949 to 1968, will appear in the
near future and a second for the 1969 to 1984 period is scheduled to appear in
1986.
Quarterly or annual data for specific sectors of the accounts, in
reasonable scope, are available in printed form from the Flow of Funds Section
on request. In accordance with general policies of the Federal Reserve
Publications Committee, however, computer tapes for the entire data base in
the accounts henceforth should be obtained from the National Technical
Information Service, 5285 Port Royal Road, Springfield, Virginia 22161.
Requests and inquiries about the data and historical tabulations
should be addressed to:
Flow of Funds Section
Room B-5100, Stop 95
Board of Governors of the
Federal Reserve System
20th and Constitution Ave.
Washington, D. C. 20551
(202) 452-3482
ii
Information Status for Preliminary Estimates
1.
National income and product
accounts
Major items missing
Available
NONFINANCIAL—
Second quarterly estimate, seasonally
adjusted
Seasonally unadjusted data.
FINANCIAL—
for this sector are almost entirely residual and derived from data
sectors. Availability is thus dependent on schedules for other
Principal types of borrowing—mortgages and consumer
in time for first quarterly estimates.
2.
Households
Estimates
for other
sectors.
available
3.
Farms
Bank loans. For sponsored agency
loans, see item 9 below.
U.S. Government loans.
below.
4.
Nonfarm noncorporate business
Bank and finance company loans,
mortgage borrowing, open-market
paper
Net trade debt
5.
Nonfinancial corporate business
For preceding quarter: working
capital, net security issues,
foreign direct invetment. For
current quarter: gross security
offerings, mortgages, bank loans,
open-market paper, finance company
loans.
Working capital, U.S. Government
loans
6.
State and local governments
Gross security offerings, deposits
at banks, two months of quarter
for Government security holdings
Security retirements, last month
of quarter for holdings for
Government securities
7.
Rest of the world (U.S.
(International Transactions)
Current
reports
Current
capital
Claims and liabilities of U.S.
nonbanking concerns for two quarters
quarter complete except for
by U.S. nonbanking concerns.
quarter for bank-reported
movements.
iii
See item 9
Available
FINANCIAL—
U*S. Government
Major items missing
Monthly Treasury Statement of Receipts
and Outlays for last month of quarter,
Federal Financing Bank Statement
Loans outstanding except at Federal
Financing Bank
Sponsored credit agencies
Balance sheets for FNMA, Home Loan
Banks, Farm Credit Administration
securities outstanding. FCA loans
for most recent June or December
FCA loans for March and September
10.
Mortgage pools
Complete
None
11.
Monetary authorities
Complete
None
12.
Banking
All-bank totals for preceding quarter,
current-quarter indicators for banking
and monetary estimates through last
month of current quarter.
Recent all-bank totals
13.
Savings and loan associations
Last month of quarter on summary
monthly basis
Detailed balance sheets and liquidity
statements
14.
Mutual savings banks
Complete
None
15.
Credit unions
Deposit flows and consumer credit
Other assets
16.
Life insurance companies
One month of quarter
Last two months
17.
Private Pension Funds
Complete
None
18.
State and local government
retirement system
Preceding quarter
Current quarter
19.
Other insurance companies
Preceding year
Current year
8.
9.
iv -
FINANCIAL—
Available
Major items missing
20.
Finance companies
Complete
None
21.
REIT’s
Preceding year
Current year
22.
Investment companies and
money market funds
Complete
None
23.
Security brokers and dealers
Borrowings
Assets
v -
SEPTEMBER 23, 1985
NONFINANCIAL DEBT
NONFINANCIAL DEBT
GRONTH RATES OF MAJOR DEBT AGGREGATES BY SECTOR
TOTAL
-------------------------------------DOMESTIC NONFINANCIAL SECTORS ---------------------------------- - HOUSEHOLDS - - STATE &
NONFINANCIAL BUSINESS
LONG SHORT
U.S.
HOME CONSUMER
PVT.
LOCAL
MTGES CREDIT
TOTAL
GOVTS
GOVT.
NONFIN TOTAL
TERM TERM
FOREIGN
TOTAL
NON
FINAN
CIAL
MEMO:
PRIVATE
FINAN.
ASSETS
ANNUAL CHANGE (PER CENT)
1973
1974
1975
1976
1977
10.8
9.1
9.2
10.6
12.6
2.4
3.4
23.7
15.5
11.0
12.9
10.4
6.2
9.5
13.0
13.2
8.2
7.4
11.7
16.1
13.0
9.4
9.2
12.7
16.7
13.7
4.9
4.5
11.4
16.2
14.3
13.3
5.2
8.3
12.1
10.6
10.2
9.1
8.7
10.7
21.8
19.1
-1.3
7.4
14.7
7.1
7.6
5.9
6.0
5.1
10.5
22.4
14.2
21.2
12.2
10.8
9.6
9.4
11.0
12.6
11.6
8.3
9.6
10.5
10.4
1978
1979
1980
1981
1982
13.0
12.2
9.5
9.5
9.3
9.4
6.0
11.9
Ll .8
19.4
13.9
13.7
8.9
9.0
6.9
17.1
15.6
8.8
8.2
5.8
17.8
16.9
11 .3
7 .9
4.9
16.9
13.4
1.2
6.0
5.0
12.5
13.3
9.7
11.1
7.7
10.0
9.4
8.7
7.7
7.3
17.1
20.1
11.2
16.5
8.2
6.7
6.7
6.2
2.3
8.5
27.2
12.5
14.9
13.0
6.6
13.6
12.2
9.8
9.7
9.2
11.0
11.3
9.4
11.1
9.2
1983
1984
11.5
14.5
18.8
16.9
9.6
13.8
11.5
13.5
10.4
11.8
14.2
20.1
7.3
14.4
8.9
12.3
5.1
17.6
11.4
12.2
8.3
.7
11.4
13.9
11.4
13.5
QUARTERLY GRONTH RATES (x - :SAAR)
1983 — I
II
III
IV
9.9
11.6
10.7
12.1
21.1
22.5
15.0
12.0
6.8
8.6
9.5
12.1
8.1
10.6
11.7
13.9
7.0
9.3
11.3
12.4
8.1
12.6
12.9
20.5
5.6
5.5
7.4
10.1
8.5
9.2
8.7
8.1
1.6
.1
5.5
13.1
6.8
14.8
9.3
12.9
3.9
9.5
5.7
13.4
9.6
11.5
10.5
12.1
10.8
10.9
10.4
11.9
1984 — I
II
III
IV
12.7
13.9
12.7
15.9
14.7
14.1
15.4
19.4
12.1
13.8
11.9
14.8
11.7
14.8
11.8
13.3
11.3
12.5
10.8
10.7
16.4
25.1
17.0
16.5
13.6
14.6
11.5
15.0
8.2
11.3
12.1
15.6
21.7
19.4
10.8
14.2
6.5
5.0
14.0
21.5
-2.6
21.5
-15.0
-.2
12.0
14.2
11.5
15.2
11.3
14.2
11.8
14.4
1985 — I
II
11.2
12.2
10.7
15.4
11.4
11.3
12.4
13.3
10.6
10.4
20.7
20.6
9.9
7.8
10.8
11.6
8.5
2.5
13.5
18.2
-3.3
-8.3
10.6
11.4
10.6
9.7
VI
SEPTEMBER 23, 1985
NONFINANCIAL DEBT
NONFINANCIAL DEBT
GROWTH OF MAJOR DEBT AGGREGATES BY SECTOR
TOTAL
U.S.
GOVT.
- -DOMESTIC NONFINANCIAL SECTORS ------------------------------------------------------ HOUSEHOLDS --------STATE 8
NONFINANCIAL BUSINESS
LONG SHORT
PVT.
LOCAL
HOME CONSUMER
TERM TERM
GOVTS
MTGES CREDIT
TOTAL
NONFIN TOTAL
FOREIGN
TOTAL
NON
FINAN
CIAL
MEMO:
PRIVATE
FINAN.
ASSETS
ANNUAL FLOWS (^BILLIONS)
1973
1974
1975
1976
1977
187.7
175.3
193.0
243.5
319.4
8.3
11.8
85.4
69.0
56.8
179.4
163.5
107.6
174.5
262.6
78.1
54.8
53.5
91.5
140.7
46.5
38.0
40.6
61.4
90.8
24.3
9.9
9.6
25.4
40.2
88.5
94.1
41.8
69.8
110.0
43.8
46.7
45.8
48.2
64.0
44.7
47.4
-4.0
21.6
46.0
12.8
14.6
12.3
13.2
12.0
6.3
15.0
11.3
19.3
13.5
194.0
190.3
204.4
262.8
332.9
142.1
113.5
141.6
170.7
185.5
1978
1979
1980
1981
1982
371.7
388.7
340.0
371.6
398.3
53.7
37.4
79.2
87.4
161.3
318.0
351.3
26 0.8
284.2
237.0
173.4
181.0
117.9
119.2
90.4
112.9
123.0
95.4
74.4
49.5
48.8
45.4
4.7
22.7
20.1
128.1
152.7
125.7
158.3
120.8
66.7
69.1
69.6
67.1
67.8
61.4
83.6
56.1
91.2
52.9
16.5
17.6
17.2
6.8
25.9
33.8
20.2
27.2
27.2
15.7
405.5
408.9
367.2
398.8
414.0
218.4
246.5
227.6
294.8
270.1
1983
1984
538.9
755.6
186.6
198.8
352.3
556.8
190.4
249.5
110.1
138.5
59.8
96.5
124.3
262.4
88.6
133.9
35.7
128.5
37.6
45.0
18.9
1.7
557.8
757.4
367.2
484.5
QUARTERLY NET FLOWS ($B - SAAR)
1983 — I
II
III
IV
460.9
556.6
528.3
609.6
209.6
234.5
165.2
136.9
251.4
322.1
363.1
472.7
133.6
178.5
202.3
247.4
73.9
100.9
124.4
141.1
34.2
54.0
57.1
93.8
95.5
93.8
128.5
179.4
84.4
93.3
90.3
86.2
11.0
.5
38.1
93.1
22.3
49.8
32.4
46.0
8.9
21.6
13.2
31.8
469.8
578.2
541.6
641.4
345.2
358.4
350.6
414.6
1984 — I
II
III
IV
661.0
747.0
704.7
909.9
173.5
171.9
194.9
254.9
487.5
575.1
509.8
655.0
215.5
280.9
232.1
269.3
132.7
150.4
134.5
136.6
78.8
125.4
90.2
91.5
248.1
275.3
224.8
301.4
89.1
125.6
137.5
183.4
159.0
149.8
87.3
118.0
23.9
18.8
52.9
84.3
-6.5
52.3
-38.5
-.4
654.5
799.3
666.2
909.4
404.9
521.7
447.9
563,3
1985 — I
II
668.5
748.4
147.1
217.5
521.4
533,8
260.1
286.1
139.1
139.3
119.4
125.2
205.6
167.2
132.3
145.4
73.3
21.8
55.8
77.5
-8.1
-20.2
660.4
728.1
430.3
404.2
- vii -
SEPTEMBER 23, 1985
NONFINANCIAL DEBT
NONFINANCIAL DEBT
GROWTH RATES OF MAJOR DEBT AGGREGATES BY SECTOR
TOTAL
U.S.
GOVT.
- -DOMESTIC NONFINANCIAL SECTORS ------------------------------------------------------ HOUSEHOLDS --------NONFINANCIAL BUSINESS STATE 8
LONG SHORT
PVT.
HOME CONSUMER
LOCAL
TERM TERM
MTGES CREDIT
TOTAL
GOVTS
NONFIN TOTAL
FOREIGN
TOTAL
NON
FINAN
CIAL
MEMO:
PRIVATE
FINAN.
ASSETS
YEAR--END OUTSTANDINGS ($ BILLIONS)
1973
1974
1975
1976
1977
1919.1
2094.2
2288.8
2532.6
2854.1
349.1
360.8
446.3
515.8
572.5
1570.1
1733.4
1842.6
2016.9
2281.5
670.9
725.5
778.8
871.2
1012.2
404.5
442.3
482.9
544.3
635.1
203.7
213.6
223.2
248.6
289.1
705.9
800.0
843.5
912.2
1023.9
456.9
503.4
551.0
599.2
664.9
249.0
296.6
292.6
313.0
358.9
193.3
207.9
220.2
233.5
245.5
67.0
79.8
91.2
110.6
123.9
1986.2
2174.0
2380.0
2643.2
2978.0
1364.0
1479.2
1620.5
1791.7
1977.8
1978
1979
1980
1981
1982
3198.8
3582.0
3909.5
4280.5
4669.2
626.2
663.6
742.8
830.1
991.4
2572.6
2918.5
3166.8
3450.3
3677.9
1161.9
1338.0
1446.4
1570.4
1654.3
725.8
844.8
940.2
1019.3
1060.9
337.9
383.4
376.1
398.9
420.8
1148.7
1300.8
1423.5
1576.3
1693.9
732.6
801.9
871.5
933.4
997.5
416.1
498.9
551.9
642.9
696.4
262.0
279.6
296.9
303.6
329.6
161.9
182.4
209.6
236.9
226.3
3360.7
3764.5
4119.1
4517.4
4895.6
2172.7
2414.2
2645.5
2940.6
3207.3
QUARTERLY OUTSTANDINGS, SEASONALLY ADJUSTED
1983 — I
II
III
IV
4784.5
4923.6
5055.7
5208.1
1043.8
1102.4
1143.7
1177.9
3740.7
3821.2
3912.0
4030.2
1687.7
1732.4
1782.9
1844.8
1079.3
1104.6
1135.7
1171.0
429.4
442.9
457.2
480.6
1717.8
1741.2
1773.4
1818.2
1018.6
1041.9
1064.5
1086.1
699.2
699.3
708.8
732.1
335.2
347.6
355.7
367.2
228.6
233.9
237.2
245.2
5013.0
5157.6
5293.0
5453.3
3294.3
3386.2
3472.1
3578.3
1984 — I
II
III
IV
5373.5
5558.9
5735.6
5963.1
1221.3
1264.3
1313.0
1376.8
4152.2
4294.6
4422.6
4586.3
1898.8
1968.1
2026.6
2094.0
1204.1
1240.8
1274.4
1308.5
500.3
531.7
554.2
577.1
1880.2
1948.6
2004.8
2080.1
1108.4
1139.3
1173.7
1219.5
771.9
809.3
831.1
860.6
373.2
377.9
391.1
412.2
243.0
256.1
246.4
246.3
5616.5
5815.0
5982.0
6209.4
3678.6
3809.4
3921.0
4060.5
1985 -- I
II
6130.2
6317.3
1413.5
1467.9
4716.7
4849.4
2159.0
2230.5
1343.3
1378.1
606.9
638.2
2131.5
2173.3
1252.6
1288.9
879.0
884.4
426.1
445.5
244.3
239.2
6374.5
6556.5
4168.0
4269.1
viii
SEPTEHBEB 23, 1965
Incoae and Product Distribution
Incoae a~nd Product Distribution
Incoae aad Product Accounts:
GNP Expenditures and Gross Savins
SEASONALLY ADJUSTED ANNUAL OATES
SEASONALLI ADJUSTED ANNOAL MATES
1980
1981
1982
1983
1984
1
1
1984
i
II
III
J
I¥
I 1985
II
1
2631.7
2957.7
3069.3
3304.8
3662.8
3553.3
3644.7
3694.6
3758.7
3810.6
3855.0 Total GNP
1
2
3
4
5
6
2205.9
1668. 1
214.7
340.8
197.0
2445.6
1849.1
235.4
367.6
228.9
2635. 4
1984.9
245.1
391.5
258.9
2841.4
2155.9
279.8
415.8
269.7
3089.2
2341.8
318.8
452.0
295.4
2981.0
2276.5
31X9
436.8
267.6
3076.4
2332.7
320.7
447.4
296.4
3122.4
2361.4
317.2
458.9
302.0
3177.0
2396.5
326.3
464.8
315.7
3238.4
2446.5
334.8
472.0
319.9
3307.6 Current outlays
Households
2497.5
Of which consuaer durables
340.0
State and local governaents
486.3
323.8
O.S. Governaent
2
3
7
8
9
10
11
12
13
401.9
411.7
102.9
4.5
75.0
75.2
1.8
484.2
458.1
104.3
4.9
74.6
76.7
1.3
414.9
441.0
91.4
4.8
62.1
59.5
1.5
471.6
485.1
132.2
6.3
94.7
86.8
1.0
637.8
579.6
153.9
6.7
108.3
106.4
1.1
623.8
550.0
151.2
6.7
108.4
102.4
.9
627.0
576.4
155.6
6.7
111.6
107.3
1.0
662.8
591.0
155.3
6.7
107.2
109.3
1.2
637.8
601.1
153.5
6.8
105.9
106.7
1.0
646.8
606. 1
155.2
6.4
109.7
106.7
1.0
14
15
16
-2.0
-1.0
-1.0
-3.4
-1.7
-1.7
1.1
•5
.5
6.9
3.5
3.5
•8
•4
•4
5.1
2.5
2.5
3.2
1.6
1.6
-3.4
-1.7
-1.7
-1.8
-.9
-.9
1.9
1.0
1.0
2.1
1.1
1.1
17
18
19
20
21
23.4
20.6
.2
2.6
*
24.8
14.4
7.8
2.6
♦
24.4
10.9
11. 1
2.3
.1
31.2
15.0
12.3
3.9
4>
38.9
18.9
14.8
5.2
.1
36.0
17.3
13.9
4.9
a
37.3
18.5
13.9
4.8
.1
41.5
19.3
16.6
5.5
•1
40.8
20.5
14.7
5.6
.1
39.1
21.4
12.4
5.3
«
40.2
22.4
12.6
5.)
*
22
23
24
25
26
27
308.8
8.6
18.7
50.0
13.7
217.8
353.9
9.8
18.3
61.3
16.0
248.5
349.6
11.0
14.7
65.7
17.1
241. 1
352.9
12.4
14.2
62.9
19.2
244.3
425.7
13.9
«3.1
69.5
21.3
307.9
398.8
13.3
13.8
66.9
20.5
284.3
420.8
13.7
12.9
68.5
21.0
304.7
435.7
14.1
12.6
71.0
21.6
316.3
447.7
14.5
13.1
71.6
22.1
326.4
450.9
14.9
12.5
74.0
22.6
326.9
464.5
15.3
14.5
73.5
23.2
336.1
28
29
30
31
32
-9.8
-5.3
-4.5
-1.3
-3.2
26.0
7.8
18.2
1.2
17.0
-26. 1
—2. 1
-24.0
-1.8
-22. 1
-13.5
-10.4
-3.1
♦
-X 1
58.2
8.6
49.6
3.2
46.4
73.8
1X2
60.6
3. 1
57.5
50.6
3.5
47.0
4.2
42.8
71.8
8.1
63.7
3.3
60.4
36.6
9.4
27.2
2.2
25.0
40.7
6.6
34. 1
-.2
34.3
18.1
5.3
12.8
.5
12.3
33
34
35
23.9
338.8
314.8
28.0
369.9
341.9
19.0
348.4
329.4
-8.3
336.2
344.4
-64.2
364.3
428.5
-51.5
358.9
410.4
-58.7
362.4
421.1
-90.6
368.6
459.3
-56.0
367.2
423.2
-74.5
360.7
435.2
36
37
38
1828.9
110.2
6.0
2041.7
137.4
6.7
2180.5
136.0
6.2
2340.1
118.1
5.0
2576.8
156.1
6.1
2502.2
152.5
6.1
2554.3
144.8
5.7
2606.4
164. 1
6.3
2644.5
163.0
6.2
2654. 8
118.6
4.5
2727.5 Disposable personal incoae
136. 1 Personal saving
5.0 Saving rate (per cent)
39
40
-61.2
30.6
-64.3
37.6
-148.2
32. ¥
-178.6
44. 1
-175.8
52.9
-161.3
53.9
-163.7
54.5
-180.6
47.6
-197.8
55.6
-165. 1
53.7
39
-210.8 federal governnent surplus
5C.6 St. * local governaent surplus 40
41
42
43
44
45
234.6
•4
29.9
26.9
177.4
221.2
. 1
24.4
19.5
177.2
165.5
-.2
22.4
19.6
123.7
203.2
-. 1
24.6
29.6
148.9
235. 7
-.1
23.0
27.8
185.0
24X3
-. 1
25.7
28.7
189.0
246.0
-.1
21.3
28.9
195.9
224.8
-. 1
24.3
26.6
173.9
228.7
-.1
20.7
27. 1
181.0
46
47
48
49
84.8
81. 1
.3
17.3
63.6
60.7
16.4
44.3
75.8
*
17.8
58.0
89.8
*
18.6
71.2
9X7
*
18.2
74.5
95.8
*
18.6
77.2
83.1
87.7
85.3
84.6
17.8
66.7
18.7
64.3
19.0
68.7
18.7
66.6
20.0
64.6
lax accruals - total
Earns
financial corporations
Nonfin. corporate business
46
47
48
49
50
51
52
53
54
55
58.6
.2
-3.3
61.7
43.5
18.2
66.5
.3
-1.5
67.6
53.1
14.5
69.2
•4
-.2
69.0
56.5
12.6
72.9
•4
.3
72.2
62.4
9.9
80.5
•4
.6
79.5
70.5
6.9
77.7
.4
•4
76.9
65.5
11.4
79.9
•4
•6
79.0
69.9
9. 1
81.3
•4
.7
80.2
70.5
9.7
83.1
•4
•9
81.8
76.3
5.5
84.5
.4
1.0
83.1
72.8
IQ. 3
85.6
•4
1.0
64.2
78.9
5.3
Dividends - total
Earns
financial corporations
Nonfin* corporate business
het dividends paid
♦ Net fgn. div. leaeived
50
51
52
53
54
55
56
57
58
59
60
61
62
91.2
-.1
12.5
11.7
t>7.2
49.0
18.2
73.5
-.5
3.7
9.9
60.5
46.0
14.5
35.6
9.8
22. 9
10.4
12.6
54.5
-.5
11.6
14.9
28.5
18.6
9.9
65.4
-.5
8.5
14.1
43.2
34.3
8.9
72.9
-.5
10. 1
14.3
49.0
37.6
11. 4
70.2
-.5
9.7
12.2
48.8
39.6
9.1
60.3
-.5
7.2
14.6
39.0
29.3
9.7
58.0
-.5
7.2
15.2
36.1
30.6
5.5
52.5
-.5
8.4
10.4
34.3
24.0
10.3
50.9
-.5
12.1
15.7
23.6
18.3
5.3
Undist. profits - total
Earns
financial corporations
foreign
Nonfin. corporate business
Doaestic undist. prof.
♦ Net fgn. div. received
56
57
58
59
60
61
62
63
64
65
66
-16.3
-.3
-1.7
-14.3
-7.6
-.3
-1.4
-6.0
3. 1
*
-1.0
4.0
33.2
.4
-.2
33.0
55.7
•8
.2
54.7
47.6
.7
. 1
46.9
52.3
.7
.2
51.4
58.3
•8
.3
57.2
64.5
•9
.4
63.2
69. 1
1.1
.4
67.6
74.6
1.2
.6
72.8
Cap. cous. adjust. - total
Earns
financial corporations
Nonfin. corporate easiness
63
64
65
66
67
68
69
70
71
72
73
74
75
293.2
44. 1
7.2
16.4
*6.2
179.3
9.3
2.2
167.8
330.3
48.5
7.8
18.1
53.2
202.6
10.6
2.5
189.5
358.8
51. 1
8.3
19.2
58.4
221.8
12.0
2.7
207. J
377. 1
53.2
8.9
19.6
64.2
231.2
13.2
2.8
215.2
403.3
57.4
9.6
20.0
70.0
246.2
15.0
2.8
228.5
391.8
55.8
9.4
19.9
66.8
239.9
14.3
2.8
222.8
400.0
56.7
9.5
20.0
69.7
244.1
14.8
2.8
226.5
406.9
58.0
9.7
20. 1
71.0
248.1
15.2
2.8
230.1
414.4
58.9
9.9
20.2
72.5
252.8
15.7
2.8
234.3
421.0
60. 1
10.1
20.3
73.2
257.4
16.2
2.8
238.3
428.5 Total capital consunption
Owner-occupied hones (HH)
61. )
10.3
Nonprofit institutions (BE)
Earn noncorporate
20.4
Nonfarn noncorp, business
74.8
Total corporate
262.0
16.7
financial business
Corporate fams
2.6
Nonfin. corporate business
242.5
67
68
69
70
71
7x
73
74
75
76
77
182.0
475.1
196.3
526.6
209.6
568.5
218.3
595.4
233.6
636.9
227.9
619.7
231.3
631.3
235.8
642.7
239.3
653.7
243.5
664.6
Heno: Cap. cons, on consuner
durables not included above 76
247.3
675.8 Tot. cap. cons. incl. durables 77
.3
-.6
3.4
♦
♦
640.8 Gross doaestic investaent
622.7
158.2
6.9
111.1
107.4
1.5
Private fixed investaent
Besidential construction
Hobile hoaes
1-4 faaily structures
Household purchases
fara
Change in worh in
process on nonfara
loncorporate
Corporate
Hulti-faaily units
Households (1)
Noncorporate busiaess
Nonfin. corp, business
Beits
Nonres. plant ♦ eguipnent
Monprofit inst. (HH)
farn
Nonfara noncorp. bus.
financial corporations
Nonfin. corp, business
Inventories
farx
Nonfara
Noncorporate
Corporate
-93.4 Net exports
Exports
349.4
442.8 - Iaports
Corporate profits, taxes, and dividends:
Profits - total
222.3
221.1
farus
1
-. 1
20.7
foreign
21.0
financial corporations
33.2
28.0
Nonfia. corporate business
173.7
167.0
«
78
2.3
5.6
-.5
.5
-7.4
2.2
-9.0
-13.0
-9.9
-8. 1
79
80
36.1
15.5
36.7
16.0
36.7
15.6
37.3
14.7
38.1
14.5
38. 1
14.3
39.0
14.4
37.0
14.5
38.3
14.6
36.4
15.6
♦
-II. 1 Statistical discrepancy
36.3 Profit tax rate (per cent)
14. 1 Personal tax rate (per cent)
(1) Purchases of condoainiua units*
BILLIONS Of DOLLABS.
11/85 BASED ON INCOHPLETE INfOBHATION.
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
41
42
43
44
45
78
79
60
SEPTEHBES 23, 1985
Funds Baised in Credit Harkets
2
Fends Baised in Credit Harkets
Suaaary of Net Funds Baised ia Credit and Eguity Harkets
UNADJUSTED NET FLOWSfS HILL)
UNADJUSTED NET FLOWS ($ HILL)
1984
I
III
II
IV
|
|
BILLIONS OF DOLLABS
1976
1977
1978
1985
I
II
1975
1979
Net Credit Harket Borrowing hy Nonfinancial Sectors
1
Total net Borrowing by doaestic
142,655 187,457 186,100 239,430 139,230 192,019
nonfinancial sectors
2
3
4
U.S* Governaent
Treasury issues
Agency issues ♦ aortgages
5
Private doaestic
nonfinancial sectors
49,427
49,501
-74
31,166
31,202
-36
54,048
54,083
-35
64,161
64,183
-22
41,827
41,866
-39
45,224
45,252
-28
193.0
243.5
319.4
371.7
388.7
1
85.4
85.8
-.4
69.0
69. 1
-.1
56.8
57.6
-.9
53.7
55. 1
-1.4
37.4
38.8
-1.4
2
3
4
93,228 156,291 132,052 175,269
97,403 146,795
107.6
174.5
262.6
318.0
351.3
5
6
7
8
9
10
11
12
13
Debt capital instruaents
Tar-exeapt obligations
Corporate bonds
Hortgages
Bone nortgages
Hulti-faaily resid.
Coaaercial
Fara
54,462
5,242
4,569
44,651
31,133
3,064
10,088
366
81,310
11,730
6,257
63,323
39,969
4,874
17,479
1,001
86,562
17,877
12,531
56,154
35,225
2,367
17,773
789
99,743
30,904
18,906
49,933
32,640
3,704
13,473
-84
71,449
11,074
13,361
47,014
32,356
3,323
11,827
-492
95,487
26,559
15,741
53,187
37,150
3,562
12,509
-34
100.9
16. 1
27.2
57.6
42.0
a
11.0
4.6
123.6
15.7
22.8
85. 1
63.9
3.9
11.6
5.7
171.1
21.9
22.9
126.3
94.0
7. 1
18. 1
7. 1
201.6
28.4
21. 1
152. 1
113.6
9.4
21.9
7.2
213.9
30.3
17.3
166.2
121.7
8.3
24.4
11.8
6
7
8
9
10
11
12
13
14
15
16
17
18
Other debt instrunents
Consuner credit
Bank loans n.e.c.
Open-aarket paper
Other
38,766
7,419
17,399
5,540
8,408
74,981
31,109
24,761
13,419
5,692
45,490
27,680
6,844
6,515
4,451
75,526
30,279
30,404
-1,819
16,662
25,954
14,158
-1,593
3,689
9,700
51,308
31,828
6,995
6,134
6,351
6.7
9.6
-10.4
-2.6
10. 1
50.9
25.4
4.5
4.0
16.9
91.6
40.2
27. 1
2.9
21.3
116.5
48. 8
37.4
5.2
25. 1
137.5
45. 4
51.2
11. 1
29. 7
14
15
16
17
18
19
20
21
22
23
24
25
By borrowing sector:
State*local governaents
Households
Nonfinancial business
Farn
Nonfara noncorporate
Corporate
97,403 146,795
8,203 22,500
49,929 70,039
39,271 54,256
-2,694
409
12,752 20,400
29,213 33,447
107.6
12.3
53.5
41.8
8.5
12.5
20.9
174.5
13.2
91.5
69.8
10.2
15.4
44.2
262.6
12.0
140.7
110.0
12.3
28.0
69.7
318.0
16.5
173.4
128. 1
14. 6
32.8
80.6
351.3
17.6
181.0
152.7
21.4
35.3
96.0
19
20
21
24
25
-5,360
1,835
-3,113
-4,371
289
11.3
6.2
2.0
.3
2.8
19.3
8.6
5.6
1.9
3.3
13.5
5. 1
3. 1
2.4
3.0
33.8
4.2
19.1
6.6
3.9
20.2
3.9
2.3
11.2
2.9
26
27
28
29
30
141,501 200,174 176,659 239,025 138,223 186,659
204.4
262.8
332.9
405.5
26 Fgn. net borrowing in U.S.
27
Bonds
Bank loans n.e.c.
28
Open-narket paper
29
U.S. Governnent loans
30
31 Total doaestic plus foreign
93,228 156,291 132,052 175,269
7,517 13,041 23,736
687
41,556 68,033 62,888 76,990
50,985 80,741 56,123 74,543
232
3,912
2,311 -3,526
13,093 26, 866 18,752 19,048
37,660 49,963 35,060 59,021
-1,154
-273
-227
-2,267
1,613
12,717
814
-1,950
12,730
1,123
-9,441
590
-3,376
-7,577
922
-405
2,932
-2,235
-1,484
382
-1,007
584
-2,029
-3 4
472
22
23
408.9 31
Net Credit Harket Borrowing by financial Sectors
Total net borrowing
1 by financial sectors
25,003
31,281
39,938
34,057
32,338
52,855
7.3
21.0
45.8
74. 1
82. 4
1
2
3
4
5
U.S. Governaent-related
Sponsored credit ag. sec.
Hortgage pool securities
Loans fron U.S. Governnent
16,667
5,543
11,124
16,725
9,045
7,680
-
24,650
12,456
12,194
-
16,835
3,386
13,449
-
18,968
3,922
15,046
-
32,086
8,804
23,282
• -
10.3
2.3
7.1
•9
14.3
2.5
12.2
-.4
22. 0
7.0
16.1
-1. 1
37. 1
23. 1
13.6
•4
47.9
24.3
23. 1
.6
2
3
4
5
6
7
8
9
10
11
Private financial sectors
Corporate bonds
Hortgages
Bant loans n.e.c.
Open-aarket paper
Fed. Hone Loan Bank loans
8,336
2,768
-11
-1,582
8,506
-1,345
14,556
2,621
—22
780
2,926
8,251
15,288
4,829
-23
271
3,065
7,146
17,222
8,264
-16
1,489
5,869
1,616
13,370
4,148
-5
-1,287
10,444
70
20,769
10,918
-1
60
4,854
4,938
-3.0
3.2
.4
-3.7
1.1
-4.0
6.7
9.8
•4
-3.7
2.2
-2.0
23.8
10. 1
—.3
9.6
4.3
37. 1
7.5
.2
2.3
14.6
12.5
34.5 6
7.8 7
* 8
-.5 9
18.0 10
9.2 11
25,003
5,543
11,124
31,281
9,045
7,680
39,938
12,456
12,194
34,057
3,386
13,449
32,338
3,922
15,046
52,855
8,804
23,282
1,3
3,2
1, 1
21.0
2. 1
12.2
45.8
5.9
16. 1
74. 1
23.5
13.6
62. 4 12
24.8 13
23. 1 14
8,336
-211
4,212
940
3,373
22
14,556
2,226
5,811
8,331
-1,928
116
15,288
-720
-1,537
8,110
9,350
85
17,222
2,264
2,440
5,274
7,290
-46
13,370
1,505
2,770
623
8,458
14
20,769
2,161
1,305
1,949
15,306
48
-3.0
.2
•6
-4.2
.5
-. 1
6. 1
23.8
•6
2.0
6.9
16.9
-2.5
37. 1
.2
7.2
13.5
16.7
-.4
34.5
.2
6.5
12.6
15.3
-. 1
15
16
17
18
19
20
12 Total, by sector
13
Sponsored credit agencies
14
Hortgage pools
15
16
17
18
19
20
Private financial sectors
Connercial banks
Bank affiliates
Savings and loan assas.
Finance coapanies
Beits
,1
5.4
-1.7
4.3
-1.9
♦
Total Net Credit Harket Borrowing, Ail Sectors, by Type
1 Total net borrowing
U.S. Governaent securities
2
Tax-exeapt Obligations
3
4
Corporate ♦ foreign bonds
5
Hortgages
166,504 231,455 216,597 273,082 170,561 239,514
66,131 47,915 78,726 81,007 60,820 77,329
5,242
11,730 17,877 30,904 11,074 26,559
7,064
9,692 17,950 30,102 18,093 28,494
44,603 63,277 56,103 49,906 46,984 53,167
211.6
94.9
1b. 1
36. 7
57.9
283.8
83.8
15.7
41.2
85.4
378.7
79.9
21.9
38.0
126.2
479.6
90.5
28.4
32.8
152. 1
491.3
84.8
30.3
29.0
166. 1
1
2
3
4
5
31,828
3,942
6,617
11,578
9.6
-12. 1
-1.2
9.8
25.4
6. 4
8. 1
17.8
40.2
29.9
15.0
27.5
48.8
58.8
26.4
41.9
45. 4
52.9
40.3
42. 4
6
7
8
9
10 Heao: U.S. Govt, cash balance
1,722
-242 16,835 -12,053 —4,188 11,308
Totals net of changes m U.S. Govt, cash balances:
Net borroving by doa. nonfin. 140,933 167,699 169,265 251,483 143,418 180,711
11
By U.S. Governaent
47,705 31,408 37,213 76,21# 46,015 33,916
12
2.9
3.2
1. 1
3.8
. b 10
190.2
82.5
240.4
65.9
318.3
55.7
368.0
49.9
388. 1 11
36.8 12
6
7
8
9
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
7,419
15,590
11,779
8,676
31,109
23,591
29,075
15,066
27,680
3,739
2,003
12,519
30,279
29,658
2,566
18,660
14,158
-4,909
14,099
10,242
External Corporate Eguity Funds Baised in U. S. Harkets
1 Total net share issues
2
Hutual funds
3
Ail other
4
Nonfinancxal corporations
5
Financial corporations
Foreign shares
6
purchased in U.S.
-1,435 -18,838 -6,019 -6,839
5,422
7,408
9,084 23,441
8,674
13,652
6,278
24,122
-15,087 -25,116 -14,693 -15,923 -18,019 -16,714
-15,673 -26,382 -16,800 -17,925 -21,250 -18,084
1,341
1,286
1,346
1,150
1,259
1,378
-364
11/85 BASED ON INCOHPLETE INFOBHATION
7
729
716
1,890
24
1
10.6
—.3
10.9
9.9
•8
10.6
-2. 4
13. 1
10.5
2. 2
6.5
.9
5.6
2.7
2.5
1.7
-.1
1.8
-. 1
2.4
-4.3
. 1
-4.3
-7.8
2. 7
4
5
.2
-3
•4
-.5
.8
6
2
3
SEPTEMBER 23, 1985
Funds Raised in Credit Markets
Punas Raised in Credit Markets
3
Suaaary' of Met Funds Raised ia Credit aad Eguity Harkets
SEASONALLY ADJUSTED ANNUAL RATES
SBASONALLI ADJUSTED ANNUAL RATES
1984
1
1980
1981
1982
1983
1984
I
I
II
111
19
J
|
1985
1
II
Net credit Market Borrowing toy Nonfinancial Sectors
1
340.0
37 1.6
398.3
538.9
755.6
661.0
747.0
704.7
909.9
668.5
lotal net borrowing by donestic
748.4
nonfinancial sectors
2
3
4
79.2
79.8
-.6
87.4
87.8
-.5
161.3
162. J
-.9
186.6
186.7
-. 1
198.8
199.0
-.2
173.5
173.8
-.3
171.9
172.1
-.1
194.9
195.1
-.1
254.9
255.0
-.1
147.1
147.2
-.2
217.5
217.6
-.1
U.S. Governaent
Treasury issues
Agency issues * uoctgages
5
260.8
284.2
237.0
352.3
556.8
487.5
575.1
509.8
655.0
521.4
530.6
Private donestic
nonfinancial sectors
6
7
8
9
10
11
12
13
186.3
30.3
26.7
129.4
93.8
7.1
19.2
9.3
153.7
23.4
21.8
108.5
71.6
4.8
22.2
9.9
153.5
48.6
18.7
86.2
50.4
5.3
25.2
5.3
249. 1
57.3
16.0
175.7
115.6
9.4
47.6
3.0
322.1
65.8
42.3
214.1
139.2
14.0
58.8
2.1
258.4
42. I
19.8
196.4
136.8
12.3
45.8
1.7
305.2
35.7
28.9
240.6
152.9
19.7
65.5
2.4
333.2
72.3
49.4
211.5
131.6
9.5
67.4
2.8
391.5
113.0
70.9
207.7
135.2
14.5
56.6
1.4
327.4
67.2
54.8
205.3
140.6
13.3
52.9
-1.5
360.8
93.7
68. 1
199.0
141.0
14.5
45. 1
-1.6
Dent capital instruaents
lar-exeupt obligations
corporate bonds
Mortgages
Boae aortgages
Hulti-faaily resid.
Connercial
Fara
6
7
8
9
10
11
12
13
14
15
16
17
18
74.5
4.7
37.0
5.7
27. 1
130.5
22.7
54.7
19.2
33.9
83.6
20.1
54. 1
-4.7
14.0
103.3
59.8
26.7
-1.6
18.3
234.8
96.5
79.4
23.7
35.2
229. 1
78.8
93.5
26.7
30. 1
269.9
125.4
86.8
40.3
17.3
176.6
90.2
35.3
22.6
28.5
263.5
91.5
102.0
5.0
64.9
194.0
119.4
18.4
21.5
34.8
170.0
125.2
14.7
9.7
20.5
Other debt instruaents
Consuner credit
Bank loans n.e.c.
Cpen-aarket paper
Other
14
15
16
17
18
19
20
21
22
23
24
25
260.8
17.2
117.9
125.7
14.3
31.0
80.4
284.2
6.8
119.2
158.3
16.4
38.4
103.4
237.0
25.9
90.4
120.7
7.9
40.9
71.9
352.3
37.6
190.4
124.3
4.5
65.2
54.6
556.8
45.0
249.5
262.4
2.9
77.8
181.7
487.5
23.9
215.5
248. 1
3.8
74.6
169.7
575.1
38.8
280.9
z75.3
•4
91.4
183.5
509.8
52.9
232. 1
224.8
6.5
75.0
143.4
655.0
64.3
269.3
301.4
1.1
70. 1
230.3
521.4
55.8
260.1
205.6
-7.4
75.5
137.5
530.6
77.5
266.1
167.2
-13.6
63.7
117.2
By borrowing sector:
State+local governnents
Households
Notyfinancial business
fara
Nonfara noncorporate
Corporate
19
20
21
22
23
24
25
26
27
28
29
30
27.2
.6
11.5
10.1
4.7
27.2
5.4
3.7
13.9
4.2
15.7
6.7
-6.2
10.7
4.5
18.9
3.8
4. 9
6.0
4.3
1.7
4.1
-7.8
1.4
4.0
-6.5
-1. 1
-2.8
-9.1
6.5
52.3
3.3
-6.4
50.9
4.5
-38.5
2.4
-14.2
-30.3
3.7
-.4
11.7
-7.8
-5.9
1.5
-8. 1
2.3
-12.2
-. 1
1.9
-20.2 Fgn. net borrowing in U.S.
Bonds
7.3
-11.2
Bank loans n.e.c.
-17.5
Open-uarket paper
O.S. Governaent loans
1.2
26
27
28
29
30
31
387.2
398.8
414.0
557.8
757.4
654.5
799.3
666.2
909.4
660.4
728. 1 Total doaestic plus foreign
31
Net Credit Market Borrowing ny Financial Sectors
1
2
3
4
5
—
1
87.6
89.0
76. 2
85. 2
130.3
127.8
110.7
156.5
126.2
160.0
195.8
2
3
4
5
44.8
24.4
19.2
1.2
47.4
30.5
15.0
1.9
64.9
14.9
49.5
.4
67.8
66.4
•
74.9
30.4
44.4
•
74. 1
30.9
43. 2
•
65.1
28.9
36.2
-
87.3
40.3
47.0
•
73.0
21.6
51.4
83.7
25.1
58.6
-
126.3
27.1
95.2
-
6
7
8
9
10
11
12.8
1.8
*
-.9
4.8
7.1
41.6
3.5
•
.9
20.9
16.2
11.3
9.7
• 1
1.9
-1. 1
•8
17.4
8.6
*
-.2
16.0
-7.0
55.4
18.5
-.1
1.0
20.4
15.7
53.6
8.5
*
-1. 1
39.0
7.2
45.6
15.9
-.1
1.7
3.5
24.5
69.2
19.7
-. 1
6.4
18.7
24.5
53.2
29.8
-.1
-3.2
20.2
6.4
76.2
13.9
♦
1.0
48. 1
13.3
69.4
49.9
♦
-1.0
10.5
10.0
12
13
14
57.8
25.8
19.2
89.0
32.4
15.0
76.2
15.3
49.5
85.2
1.4
66. 4
130.3
30.4
44.4
127.8
30.9
43.2
110.7
28.9
36.2
156.5
40.3
47.0
126.2
21.6
51.4
160.0
25. 1
58.6
15
16
17
18
19
20
12.8
.2
6.9
7.4
-1.1
-.5
41.6
-.1
8.3
15.5
18.2
-.2
11.3
.6
1.9
2.5
6.3
*
17.4
-.2
8.6
-2.1
11.3
-. 3
55.4
3.6
10.9
22. 7
18.1
•2
53.6
-.8
16.8
14.2
23.3
.1
45.6
8.9
23.2
25.2
-12.2
.5
69.2
-2.9
-6.1
27.4
50.5
•3
53.2
9.1
9.8
23.9
10.7
-.2
76.2
6.0
11.1
12.8
46.3
•1
—-——
Total net borrowing
toy financial sectors
U.S. Governaent-related
Sponspred credit ag. sec.
Mortgage pool securities
Loans froa U.S. Governnent
Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hone Loan Eank loans
1
2
3
4
5
6
7
8
9
10
11
195.6 Total, by sector
27. J
Sponsored credit agencies
Mortgage pools
99.2
12
13
14
Private financial sectors
Connercial banks
Bank affiliates
Savings aad loan assas.
Finance coapaaies
Belts
15
16
17
18
19
20
69.4
6.6
5.2
-1.5
56.9
•2
————
Iotax Net Credit Market Borrowing, All Sectors, toy Type
1
2
3
4
5
424.9
122.9
30.3
29.3
129.3
487.8
133.0
23.4
30.7
108.4
490. 2
225.9
48.6
35.0
86.2
643.0
254.4
57.3
28.4
175.6
887.6
273.8
65.8
64.8
213.9
782.2
247.7
42. 1
27.3
196.3
910.0
237. 1
35.7
48. 1
240.4
822.7
282.3
72.3
71.4
211.3
1035.6
327.9
113.0
112.5
207.6
820.4
230.9
67.2
71.0
205.2
923.9 Total net borroving
343.9
U.S. Governnent securities
93.7
Tax-exeapt Obligations
Corporate + foreign bonds
125.3
Mortgages
199.0
1
2
3
4
5
6
7
8
9
4.7
47.7
20.6
40. 1
22.7
59.2
54.0
56.2
20. 1
49.9
4.9
19.7
59.8
31.4
20.4
15.5
96.5
72.6
45.4
54.9
78.8
89.6
56.6
43.8
125.4
82.1
94.6
46.3
90.2
27.4
11.0
56.7
91.5
91. 1
19.3
72.9
119.4
7.3
69.4
49.9
125.2
2.5
2.7
31.6
6
7
8
9
10
-3.8
*
7.3
-7. 1
6.3
9.3
-3.6
19.3
11
12
343.9
83.0
371.6
87.4
391. 1
154.0
546. 0
193.7
749.4
192.5
651.7
164. 2
750.6
175.6
685.4
175.6
-16.9
46./ Meno: U.s. Govt. cash balance 10
.1
Totals net of changes in O.S. Govt, cash balances:
685.4
699.7 Net borrowing by don. nonfin. 11
909.7
254.7
By U.S. Governnent
164.0
166.6
12
External Corporate Eguity Funds Raised in 0. S. Markets
———
™———— ——————————————————
—— — —
1
2
3
4
5
21.9
5.2
16.8
12.9
1.8
-3.0
6.3
-9.3
-11.5
1.9
35.3
18.4
16.9
11.4
4.0
67.8
32.8
35.0
28.3
2.7
-33. 1
37.7
-70.8
-77.0
5.1
-9.7
50.6
-60.3
-63.5
4.6
-71.8
28.7
-100.5
-105.5
5.0
-23.4
35.4
-58.6
-67.2
5.5
-27.6
36.1
-63.7
-71.7
5. 1
17.3
89.3
-72. 1
-85.0
5.4
6
2. 1
•3
1.5
4.0
1. 1
-1.5
*
2.9
2.9
7.6
BILLIONS Of DOLLARS.
11/85 BASED ON INCOMPLETE INFORMATION.
Consuner credit
Bank loans n.e.c.
Open-aarket paper
Other loans
33.5 Total net share issues
100.4
Mutual funds
-66.9
All other
Nonfinancial corporations
-72.3
Financial corporations
5.4
Foreign shares
purchased in U.S.
•1
1
2
3
4
5
6
SEPTEMBER 23, 1985
Ccedit Backet Supply of funds
Ccedit Backet Supply of Funds
4
Dicect and Indirect Sources of Funds to ccedit Backets
OMADJOSTED SET FLOSS (I BILL)
UBADJUSTED SET FLOSS(S BILL)
1985
1984
1
II
III
IF
1
I
11
Total funds advanced in ccedit aarkets
142,655 187,457 186,100 239,430 139,230 192,019
1
to doa. nonfinan. sectors
1975
BILLIONS OF DOLLABS
1976
1978
1977
1979
193.0
243.5
319.4
371.7
388.7
1
2
3
4
5
6
By Federal agencies and foreign
33,640
8,160
10,109
8,251
7,120
31,205
2,961
12,715
7,146
8,383
59,573
25,800
18,864
1,616
13,293
26,812
-6,495
20,201
70
13,036
59,548
25,296
21,351
4,938
7,963
39.6
18.0
15.8
-4.0
9.8
49.8
23. 1
12.3
-2.0
16.4
79.3
34.9
20.0
4.3
20.2
97.6
31.4
25.7
12.5
28.0
75.2
-6.3
35.8
9.2
36.5
17,791 33,640
7 By type of lenders
2,847
O.S. Governnent
1,647
8
9
Spons. credit ag.+atg. pools 15,167 19,935
-1,841
1,988
10
Monetary authority
2,818
8,870
11
Foreign
Agency and foreign borrowing not in line Is
12
Spons. credit ag.*atg. pools 16,667 16,725
-1,154 12,717
13
Foreign
31,205
3,154
18,416
2,151
7,484
59,573
9,531
19,735
6,116
24,191
26,812
4,280
20,279
—272
2,525
59,548
-1,259
33,546
8,058
19,203
39.6
13.4
11.6
8.5
6. 1
49.8
7.9
16. 8
9.8
15.2
79.3
10.0
22.5
7.1
39.6
97.6
17. 1
40.3
7.0
33.3
75.2 7
19.0 8
53.1 9
7.7 10
-4.5 11
24,650
-9,441
16,835
-405
18,968
-1,007
32,086
-5,360
10.3
11.3
14.3
19.3
22.0
13.5
37.1
33.8
47.9 12
20.2 13
140,377 183,259 170,104 196,287 130,379 159,197
67,090 39,755 75,765 55,207 67,315 52,033
5,242 11,730 17,877 30,904 11,074 26,559
2,774
4,722
9,493 12,957
3,452 11,524
19,397 34,710 24,849 17,669 15,453 19,342
44,529 100,593 49,266 81,166 33,155 54,677
7,146
1,616
70
4,938
-1,345
8,251
175.0
76.9
16.1
32.8
26.2
19.0
227.3
60.7
15.7
30.5
55.4
63. 1
-2.0
275.6
45. 1
21.9
24. 1
81.0
107.8
4.3
345.0
59. 1
28.4
23.4
97.2
149.5
12.5
381.6
91.0
30.3
18.5
94.2
156.7
9.2
14
15
16
17
18
19
20
262.9
87.8
78.5
73. 1
23.6
317.6
128.5
72.2
89.3
27.6
316.4
123. 1
56.5
85.6
51.2
21
22
23
24
25
17,791
-959
14,763
-1,345
5,332
2 Total net advances, by type
O.S. Governnent securities
3
4
Besidential nortgages
5
FHLE advances to s*i’s
Other loans and securities
6
Private donestic funds advanced
14 Total net advances
15
O.S. Governaent securities
18
Tax-exenpt obligations
17
Corporate and foreign bonds
Besidential nortgages
18
Other aortgages and loans
19
Lesss FHLB advances
20
-4.0
Private financial internediation
ccedit narket funds advanced
by private financial insts.
Connercial banking
Savings institutions
Insurance and pension funds
Other finance
121,414 139,007 124,243 168,535
38,723 47,395 35,475 60,349
35,867 45,746 37,324 24,097
25,308 30,709 34,443 32,639
21,516 15,157 17,001 51,450
87,522 130,641
17,282 40,555
25,886 14,424
21,928 28,893
22,426 46,769
132.4
29.5
50.9
52.0
♦
195.4
59.8
68.4
55.7
11.4
26 Sources of funds
121,414 139,007 124,243 168,535
27
Private donestic dep. ♦ BP*s 50,200 64,539 48,297 124,623
8,336 14,556 15,288 17,222
28
Credit aarket borrowing
87,522 130,641
20,645 48,842
13,370 20,769
132.4
94.9
-3.0
195.4
123.0
6.7
262.9
139.6
23.8
317.6
142.7
37. 1
316.4 26
137.4 27
34.5 28
99.5
1.4
144.5 29
27.6 30
.4 31
72.9 32
43.6 33
21
22
23
24
25
29
30
31
32
33
Other sources
Foreign funds
Treasury balances
insurance and pension res.
Other, net
62,878
6,143
1,519
26,479
28,737
59,912
10,116
-1,000
31,382
19,414
60,658
1,906
12,678
24,552
21,522
26,690
872
-9,172
29,299
5,691
53,507
5,158
-1,907
17,943
32,313
61,030
1C,867
10,618
27,432
12,113
40.5
-8.6
-1.7
40. 1
10.7
65.6
-4.5
-. 1
41.5
28.7
55.4
38.5
137.9
6.5
6.8
74.8
49.8
61,149
46,155
10,312
-392
-2,870
7,944
44,974
11,773
19,304
6,893
-4,098
11,102
4.3
Private doaestic nonfxnancial investors
34 Direct lending in cr. narkets
O.S. Governnent securities
35
36
Tax-exenpt obligations
37
Corporate and foreign bonds
38
Open-narket paper
39
Other
27,299
30,074
949
712
-5,496
1,060
58,806
34,821
11,631
-7,197
11,438
8,115
56,227
27,642
2,640
8,233
14,074
3,638
49,325
35,986
18,724
-4,340
-4,751
3,706
39.6
18.2
8.4
6.3
-2.9
9.6
38.7
12.5
3.3
10.8
.3
11.8
36.5
23.3
-.8
-.2
3.8
10.4
64. 4
38.3
3.6
-6.3
8.3
20.5
40 Deposits and currency
41
Currency
42
Checkable deposits
49,795
465
-7,742
68,770 47,385 126,479 21,859
5,593
-2
2,563
1,580
2,858 -11,355 37,591 -23,197
54,539
5,939
14,581
102.0
6.3
9.3
132.1
7.4
10.4
149.0
8.2
17.2
153.9
9.3
16.2
146. 8 40
8.0 41
18.3 42
43
44
Snail tine * svgs. deposits
Money narket fund shares
35,765
11,228
31,412
3,854
30,546
5,129
51,525
26,972
46,496
-3,024
36,991
5,108
97.9
1.3
121.3
*
93.6
.2
65.9
6.9
59.3 43
34. 4 44
45
46
47
Large tine deposits
Security BP*s
Foreign deposits
11,301
-352
-870
24,398
2,017
-1,362
27,928
-3,951
-1,110
12,076
-3,541
-707
-1,820
2,190
-366
-8,006
170
-242
-13.8
.2
.8
-11.0
2.3
1.7
26.4
2.2
1.3
46.3
7.5
2.0
18.8 45
6.6 46
1.5 47
78,086 103,864
141.6
170.7
185.5
218.4
246.5 48
19.4
75.7
-2.5
18.9
85.9
10.6
23.8
95.4
41.0
24. 1
92. 1
39.8
18.4 49
82.9 50
23. 1 51
10.6
-.3
10.9
10.6
-2.4
13. 1
6.5
.9
5.6
1.7
-.1
1.8
-4.3
.1
-4.3
1
2
3
10.7
-. 1
12.9
-2.3
7.8
-1.3
4.7
-3.0
12.9
-17.1
4
5
46
Total of credit nkt. instru
aents, deposits, and currency
49 Public holdings as X of total
50 Pvt. finan. internediation (X)
51 Total roreign funds
77,094 127,578 106,334 171,453
12,573
86,491
8,9o1
16,805
75,852
18,986
17,663
73,039
9,390
24,923
85,861
25,063
19,397
67,128
7,663
31,902
82,062
30,070
99.7
52.5
9.9
-1.4
8.6
30. 1
34
35
36
37
38
39
Corporate Eguities Not Included Above
1 Total net issues
2
Butual fund shares
1
Other eguities
4 Acg. by financial institutions
5 Other net purchases
-1,435 -18,838 -6,019 -6,839
5,422
7,406
8,674
9,084 23,441 24, 122
13,652
6,278
-15,087 -25,116 -14,693 -15,923 -18,019 -16,714
5,874
7,834
2,181 -4,765
-3,616 -14,073 -11,893 -14,673
11/85 BASED OB IBCOflPLETE INFOfiBATIOS
14,652
-9,230
9,564
-2,156
SEPTEHBEfi 23, 1985
Credit Harket Supply ot Funds
Credit Harket Supply of Funds
$
Direct aad indirect Sources of Funds to Credit Harkets
SEASOHALLT ADJOSIEC ANNOAL HATES
SEASONALLY ADJOSTED ANNOAL SATES
J
1980
1980
1
340.0
1981
371.6
1982
398.3
1983
538.9
1
1980
755.6
661.0
II
747.0
1
IT
III
909.9
704.7
1985
II
I
Total lands advanced ia credit aarkets
748.4
668.5
to don. ponfinan. sectors
1
By Federal agencies and foreign
2
3
4
5
6
97.1
15.8
31.7
7.1
42.5
97.7
17.1
23.5
16.2
40.9
114. 1
22.7
61.0
.8
29.5
117.5
27.6
76.1
-7.0
20.8
142.2
36.0
56.5
15.7
34.1
111.3
17.7
59.3
7.2
27. 1
135.2
41.2
46.3
24.5
23.1
97.0
-4.6
49.3
24.5
27.8
225.4
89.6
70.9
6.4
58.6
7
8
9
10
11
97.1
23.7
45. 6
4.5
23.3
97.7
24.0
48.2
9.2
16.2
114.1
15.9
65.5
9.8
22.8
117.5
9.7
69.8
10.9
27.1
142.2
17.2
73.3
8.4
43.4
111.3
7.8
70.7
14.9
17.8
135.2
8.0
76.4
8.9
41.9
97.0
12.4
61.1
-9.0
32.6
225.4
40.5
84.8
18.9
81.2
12
13
44.8
27.2
47.4
27.2
64.9
15.7
67.8
18.9
74.9
1.7
74. 1
-6.5
65.1
52.3
87.3
-38.5
73.0
-.4
14
15
16
17
18
19
20
314.9
107.1
30.3
19.3
69. 1
9o.3
7.1
348.5
115.9
23.4
18.8
52.9
153.8
16.2
364.8
203. 1
48.6
14.8
-5.5
104.6
.8
508. 1
226.9
57.3
14.9
48.9
153.0
-7.0
690.0
237.8
65.8
29.9
96.6
275.6
15.7
617.3
230.0
42.1
12. 6
89.5
250.2
7.2
729.2
195.9
35.7
22. 8
126.3
373.2
24.5
656.5
287.0
72.3
37.3
91.8
192.7
24.5
757.0
238.4
113.0
47.1
78.8
286.2
6.4
148*7
-4.2
81.2
13.3
58.5
238.5 Total net advances* by type
O.S..Governnent securities
109.7
Besidential nortgages
91.8
FHLB advances to s*I*;s
10.0
Other Ioans and securities
27.0
148.7
238.5 By type of lenders
U.S. Governnent
-8.3
18.7
130.5
91.9
Spons. credit ag.tntg. pools
33.8
Honetary authority
22.0
82.4
Foreign
16.0
Agency and foreign borrowing not in line Is
126.3
Spons. credit ag.tntg. pools
83.7
-8. 1
-20.2
Foreign
2
3
4
5
6
7
8
9
10
11
12
13
Private doaestic funds advanced
595.4
235.1
67.2
15.2
72.6
218.5
13.3
616.0 Total net advances
234.2
O.S. Governaent securities
Tax-exenpt obligations
93.7
Corporate and foreign bonds
51.2
fiesidential nortgages
63.7
Other nortgages and loans
183.2
1Q.0
Less a FHLB advances
14
15
16
17
18
19
20
Private financial iateraediatiop
21
22
23
24
25
281.3
100.6
54.5
94.5
31.7
317.2
102.3
27.4
97.6
89.9
287.6
107.2
26
27
28
281.3
169.6
12.8
29
30
31
32
33
Credit narket funds advanced
ny private financial insts.
Coanercial banking
Savings institutions
Insurance and pension funds
Other finance
107.4
41.5
382.7
136.1
140.5
94.2
11.9
553.2
181.9
143.0
123.1
105.1
557.4
212.6
145.2
95.8
103.8
538.7
179.4
177.8
127.7
53.8
499.6
141.5
143. 1
133.2
81.8
617. 1
194.4
106.0
135.6
161.1
425. 1
129.1
104.0
82.5
109.4
504.9
151.4
51.9
12Q.7
180.9
317.2
211.9
41.6
287.6
174.4
11.3
382.7
205.2
17.4
553.2
287.7
55.4
557.4
281.8
53.6
538.7
272.5
45.6
499.6
222.9
69.2
617.1
373.5
53.2
425.1
167.2
76.2
504.9 Sources of funds
26
Private donestic dep. ♦ £P*s 27
205.2
Credit aarket borrowing
28
69.4
98.8
-21.7
-2.6
83.7
39.4
63.7
-8.7
-1. 1
90.7
-17.2
101.8
-26.7
6. 1
103.2
19.3
160.0
22.1
-5.3
95.1
48. 1
210.1
19.0
4.0
111.7
75.4
222.0
29. 1
5. 1
109.0
78.8
220.7
25.3
-1.8
126.9
70.3
207.5
16.1
16.3
93.9
81.2
190.4
5.7
-3.5
117.0
71.1
181.6
27.4
-10.7
75.5
89.4
23Q.3
25.2
51.0
111.1
43.1
34
35
36
37
38
39
46.5
24.6
7.0
-11.0
-3.1
29.1
72.9
88.5
32.1
29.2
3.9
-.6
24.0
142.8
192.2
122.8
42.2
-1.0
28.2
113.5
97.8
17.0
-2.9
-14.6
16.3
236.1
158.9
31.6
-14.0
23.5
36.1
226.2
155. 1
44.2
-5.7
3.2
29.4
193.1
79.5
75.9
22.7
-16.2
31.1
246.5
94.5
25.5
26.8
67.7
32.1
180.5 Direct lending in cr. aarkets
132.6
O.S. Governnent securities
58.3
Tax-exeapt obligations
—.6
Corporate and foreign hopds
Open-aarket
paper
-44.6
Other
14.8
34
35
36
37
38
39
40
41
42
181.1
10.3
5.2
221.9
18.0
181.6
9.7
15.4
224. 4
14.3
23.0
292.2
8.6
21.4
291.4
13. 1
37.9
285.6
18.6
12.1
221.7
3.3
-23.1
370.2
-.5
58.4
183.8
18.0
-23.8
223.6 Deposits and currency
19.6
Currency
56.0
Checkable deposits
40
41
42
43
44
82.9
29.2
47.0
107.5
138.1
24.7
219.5
149.2
-44. 1
47.2
105.9
44.9
153.8
15.4
164.9
20.5
172.3
107.9
147.2
-12.1
177.7
20.4
45
46
47
45.8
. 6.5
1.1
36.9
-7.5
2.5
•5
-2.5
14.3
4. 8
73.7
-5.8
-4.0
94.4
-1.4
-3.5
83.1
8.1
-5.4
76.3
-15.8
-4.4
49.0
-14.2
-2.8
47.2
8.8
-1.5
-51.7
.7
-1.0
48
227.6
294.7
270. 1
367.2
484.5
404.9
521.7
447.9
563.3
430. 3
lotal of credit nkt. instru404.2 aents* deposits* and currency 48
49
50
51
26.4
89.3
1.6
2 4.5
91.0
7.6
27.6
78.8
-3.9
21. 1
75.3
49.2
18.8
80.2
62.4
17.0
90.3
46.9
16.9
73.9
67.2
14.6
76.1
48.7
24.8
81.5
86.8
22.5
71.4
43.5
32.8 Public holdings as I cf total 49
82.0 Pvt. finan. internediation (X) 50
107.6 Total foreign funds
51
31.4
21
22
23
24
25
Other sources
29
Foreign funds
30
Treasury balances
31
Insurance and pension res. 32
Other* net
33
Private doaestic nonfinancial investors
29.3
11.1
-3.9
2.7
33.7
9.5
-7.7
3.8
88.3
43.5
-9.2
6.5
13.7
♦
Snail tiae * svgs. deposits
Honey narket fund shares
43
44
Large tiae deposits
Security fiP’s
foreign deposits
45
46
47
Corporate Eguities Mot Included Anove
1
2
3
21.5
5.2
16.6
-3.0
6.3
-9.3
35.3
18.4
16.9
67.8
32.8
35.0
-33.1
37.7
-70.6
-9.7
50.6
-60.3
-71.8
28.7
-100.5
-23.4
35.4
-58.8
-27.6
36. 1
-63.7
17.3
89.3
-72.1
33.5 Total net issues
100.4
Hutual fund shares
Other eguities
-66.9
1
2
3
4
5
24.9
-3.0
20.9
-23.9
37. 1
-1.8
56.4
11.4
11.1
-44.3
19.3
-29.0
-14.1
-57.7
21.4
-44.8
17.9
-45.5
69.6
-52.3
44.2 Acg. ty financial institutions
-10.7 Other net purchases
4
5
BILLIONS OF DOLLAfiS.
11/85 BASED OM INCOMPLETE INFOBHATION.
Line
i.
Page 2, line i.
32.
Excl udes investment of these reserves in corporate equities.
6.
Includes farm and commercial mortgages.
33.
Mainly retained earnings and net miscellaneous liabilities.
Credit market funds raised by Federally sponsored credit agencies + federally
related mortgage pool securities.
34.
Line 14 less line 21 plus line 28.
35-39.
Lines 15-19 Jess amounts acquired by private finance plus
amounts borrowed by private finance. Line 39 includes mortgages.
12.
14.
Line 1 less line 2 plus lines 12 +■ 13. Also line 21 less line 28 plus line 34.
Also sum of lines 29 and 48 less lines 41 and 47.
19.
Includes farm and commercial mortgages.
27.
Line 40 less line 41 and 47.
28.
Excludes equity issues and investment company shares.
30.
Foreign deposits at commercial banks, bank borrowings from foreign branches,
and liabilities of foreign banking offices to foreign affiliates, net of claims on
foreign affiliates and deposits by banking foreign banks.
31.
Demand deposits
Includes line 19.
and note balances at commercial banks.
Also line 14 less line 29 plus lines 41 and 47.
48.
Lines 34 + 40.
50.
Line 21/linc 14.
51.
Line 11 plus line 30.
Corporate Equities
One
1 and 3. Includes issues by financial institutions.
SEPTEHBEB 21, 1985
Hoaseholds
6
Boaseholds
Sector Stateaents of Saviag and lavestseat
HMADOBSTED BIS FLOHS(1 HILL)
BMADJBSTED BBT FLOHS(S HILL)
1985
1984
11
1
111
II
1975
BILLIOBS OF DOLLABS
1978
1977
1978
1979
Hoaseholds, Personal frosts, and Bonprofit Organisations
700,638 735,302 769,256 806,937 755,322 782,305
98,973 111,580 113,959 110,783 118,049 112,194
1265.0
168.9
1391.2
196.8
1540.4
226.4
1732.7
258.7
1951.2
301.0
1
2
601,665 623,722 655,297 696,154 637,273 670,111
3
Disposable personal incoae
565,489 595,711 607,959 651,582 611,241 640,145
4 - Personal outlays
36,176 28,011 47,338 44,572 26,032 29,966
5
Personal saving, IIA basis
6 ♦ Credits froa govt, insarance
6,228 12,169 25,586 14,839
6,299 13,281
7
1,235
1,215
Capital gains dividends
3,305
858
621
1,200
12,422 22,146 19,785 30,820 14,163 22,943
8 ♦ Met durables in consanption
1096.1
1001.8
94.3
15.1
•2
26.5
1194.4
1111.9
82.5
17.7
.5
40.0
1314.0
1236. 0
78.0
22.5
.6
49.6
1474.0
1384.6
89.4
27.9
.7
56.7
1650.2
1553.5
96.7
24.4
.9
52.5
3
4
5
6
7
8
58,131 63,184 93,330 91,466 47,709 67,390
73,285 74,391 75,879 77,034 78,421 79,672
131,416 137,575 169,209 168,500 126,130 147,062
136. 1
132.2
268.3
140.6
145.9
286.4
150.8
162.0
312.8
174.7
182.5
357.2
174.5 9
206.4 10
380.9 11
12 Gross investaent
163,131 148,933 188,039 170,719 167,757 150,681
Capital expend, net of sales 107,099 111,501 116,347 129,803 115.069 117,520
13
14
34,355 28,099 34,077 35,526 36,298 28,923
Besidential construction
15
Coasaner darable goods
69,407 79,972 78,738 90,650 75,044 84,773
Monprofit plant and eguip.
3,627
16
3,337
3,430
3,532
3,727
3,824
283.8
183.8
46.4
132.2
5.2
308.9
226.3
63.8
156.8
5.7
328.8
267.1
83.0
178.2
5.9
372.8
307.4
100.5
200.2
6.6
403.5
328.0
107.3
213.4
7.3
17 Met financial investnent
Met acg. of financial assets
18
56,032 37,432 71,692 40,916 52,688 33,161
97,977 104,275 133,238 117,735 104,141 106,917
100.1
156. 1
82.6
180.6
61.7
205.7
65.4
242.6
75.5 17
260.6 18
86,731 108,710 113,050 102,574
1 Personal iacoae
2 - Personal taxes aad nontaxes
9 - Met saving
10 ♦ Capital consanption
11 58 Gross saving
19
Dep. ,♦ cr. akt. instr.
(1)
82,065
116.9
143.6
157.0
177.5
201.3 19
36,964 55,206
1,011 21,799
47,838 38,705
-8,861 -10,406
-3,024
5,108
92.4
6.9
97.0
-12.8
1.3
121.9
15.7
116.2
-10.0
*
128.2
19.8
95. 1
13. 1
.2
131.4
22.4
66.0
36. 1
6.9
130.2
21.3
59.9
14. 5
34.4
20
21
22
23
24
26,859
17,599
18,586
—4,340
-835
-4,151
24.5
11.5
6.2
6.3
6.5
-6.0
21.7
6.3
2.0
10.8
7.4
-4.8
28.8
18.5
-1.5
-.2
8.1
3.9
46. 1
25.4
4. 1
-6.3
14.8
8. 1
71.2
35.4
10.4
-1.4
20.2
6.6
25
26
27
28
29
30
9,084 23,441 24,122
6,278
8,674
13,652
-17,820 -19,879 -19,004 -22,546 -31,474 -25,749
-.3
-4.4
-2.4
-2.6
•9
-4.8
-. 1
-5.3
. 1 31
-18.9 32
2,044
34,665
8. 1
46.8
8.8
51.3
9.5
62.2
11.2
75.4
10.7 33
84.4 34
-10,136 -22,227 -12,863 -11,812 -10.607 -12,850
-239
-154
-38
28
65
-311
1,711
1,679
1,445
2,067
2,592
1,572
-15.3
.6
3.8
-24.9
1.5
5.5
-25.0
-1.0
6.9
-25. 1
2.5
6.6
-26. 1 35
1.8 36
7.2 37
20
21
22
23
24
Deposits
Checkable dep. ♦ curr.
Bsall tine * svgs.dep.
Lara' cine deposits
Boney sarket fond shrs
64,380
7,137
36,269
9,746
11,228
70,582
6,908
31,640
28,180
3,854
61,744
2,699
31,339
22,577
5,129
25
26
27
28
29
30
Credit skt. instruaents
O.S. Govt, secarities
Tax exeapt obligations
Corporate * fgn. bonds
Bortgages
Open-narket paper
22,351
23,925
498
712
817
-3,601
38,128
23,742
11,447
-7,197
3,342
6,794
51,306
6,167
42,560 -13,212
9,755 18,927
-392
6,893
4,299
2,271
-4,916 -8,712
31
32
Hutaal fond shares
Other corporate eguities
33
34
Life insurance reserves
Pension fond reserves
35
36
37
Met inv. in noncorp. bus.
Secarity credit
Hiscellaneous assets
38
39
40
41
42
Het increase in liabilities
Credit narket instraaents
Hone nortgages
Installnent cons, credit
Other coasaner credit
43
44
45
46
47
48
49
Tax-exeapt deht
Other aortgages
Bank loans n.e.c.
Other loans
1,478
22,328
1,126
28,934
1,117
41,130
96,407
12,366
52,580
4,489
26,972
1,481
37,397
92,765
55,801
21,647
2,729
8,233
3,158
20,034
1,722
26,265
41,945
41,556
35,843
6,156
1,263
66,843
68,033
34,455
24,881
6,228
61,546
62,888
33,507
22,731
4,949
76,819
76,990
34,734
23,031
7,248
51,453
49,929
38,114
11,067
3,091
73.756
70,039
31,500
25,792
6,036
56.0
53.5
40.6
7.7
1.9
98.0
91.5
61.4
21.5
3.9
144.0
140.7
90.8
37.0
3.2
177.2
173.4
112.9
43. 1
5.7
185. 1
181.0
123.0
38.4
7. 1
38
39
40
41
42
2,368
622
-4,987
291
2,281
610
-1,241
819
2,413
612
-2.764
1,440
2,909
607
8,003
458
2,271
605
-5,486
267
2,111
602
3,280
718
1.4
1.0
-1.2
2.2
2.0
.8
*
1.8
3.4
1. 1
2.8
2.3
2.6
1.3
4. 1
3.8
2.9
1.5
1.9
6. 4
43
44
45
46
128
411
-150
-1,239
398
-349
-1,527
530
-345
-466
442
-147
942
547
35
3,014
517
186
.7
1.1
.7
4.8
1.2
.6
1.3
1.2
.9
1.2
1.5
1. 1
1.0 47
1.7 48
1.3 49
-2,219 -41,627
-3,619
-15.5
-22.5
-16.0
-15.6
-22.6 50
34,355 28,099 34,077 35,526 36,298 28,923
1,678
1,734
1,697
1,605
1,674
1,673
32,677 26,426 32,403 33,829 34,693 27,189
13,961 14,184 14,494 14,728 15,015 15,271
35,843 34,455 33,507 34,734 38,114 31,500
-15,449 -20,540 -13,924 -13,936 -16,831 -17,848
46.4
2.3
44. 1
22.2
40.6
-16.3
63.8
3.0
60.8
24.5
61.4
-22. 1
83.0
3.9
79. 1
28.6
90.8
-36.4
100.5
4. 5
96.0
33.5
112.9
-45.8
107.3
5.0
102.3
39. 1
123.0
-54.8
Secarity credit
Trade debt
Hiscellaneous
50 Discrepancy
12
13
14
15
16
-31,715 -11,358 -18,830
(1) Excludes corporate egnities*
Heaoranda:
51
52
53
54
55
56
Met physical investaent:
(A) Besidential construction
Expenditures
Hobile hopes
Other
- Capital consuaption
- Boae aortgages
= Excess net investaent
57
58
59
(B) Consuner durables
Expenditares
- Capital consuaption
= Met investnent
51
52
53
54
55
56
69,407
56,985
12,422
79,972
57,826
22,146
78,738
58,953
19,785
90,650
59,830
30,820
75,044
60,881
14,163
84,773
61,830
22,943
132.2
105.7
26.5
156.8
<16.9
40.0
178.2
128.6
49.6
200. 2
143.5
56.7
213.4 57
160.9 58
52.5 59
7,419
5,003
31,109
-8,963
27,680
-7,895
30,279
541
14,158
5
31,828
-8,885
9.6
16.9
25.4
14.5
40.2
9.4
48.8
7.9
45.4 60
7. 1 61
3,337
2,339
998
3,430
2,381
1,049
3,532
2,432
1,100
3,627
2,476
1,151
3,727
2,525
1,202
3,824
2,571
1,253
5.2
4.4
.8
5.7
4.5
1.3
5.9
4.8
1.3
5.6
5.5
1.2
7.3 62
6.3 63
1.0 64
14,126
6,012
15,174
4,490
14,814
7,223
13,728
6,402
15,628
4,084
14,341
4,471
13.4
8.6
14. 1
6.9
14.7
5.9
14.9
6. 1
15.4 65
5.9 66
21,501
21,605
24,828
23,658
19,561
21,481
24. 1
23.6
23.4
23.8
22.7 67
17,522
16,030
6,862
6,799
17,510
16,376
10,497
10,684
17,072
19,550
9,030
9,227
18,224
16,530
10,785
10,809
17,846
16,151
7,979
7,743
17,166
15.617
10,773
10,230
16.5
14.0
5.0
4.8
18.7
14.9
8. 1
7.5
20.0
15.4
10.8
10.5
20.5
16a 1
11.8
11.5
19.6
15.6
11.0
10.8
611,198 636,749 681,504 712,228 644,787 684,592
72 £2) Disposable incoae adj. .
iSl.i disposable incone ♦ govt* insorance credits + capital gains divid.)
1111.4
1212.5
1337.2
1502.6
60
61
62
63
64
- Coasaner credit
- Excess net investaent
£C) Monprofit plant and eguip.
Expenditures
- Capital consuaption
= Bet investaent
Per cent ratios:
65 Effective tax rate
66 Saving rate, MIA basis
Per cent of disposable incone adj.
67 Gross saving
68
69
70
71
Capital expenditures
Acguisition of finan. assets
Met increase in liabilities
Credit aarket borrosing
11/85 BASED OM ISCOBPLET2 IMPOB8AT1QIS
(2):
68
69
70
71
1675.5 72
SEPTEBBEB 23, 1985
Households
Boaseholds
7
Sector Stateaents of Saving aad Investaent
SEASOXALLI ADJOSTED ABBOAL BATES
SEASOBALLT ADJOSTED ABBOAL BATES
1984
J
1980
1981
1982
S983
1984
J
1
11
111
II
1
|
1985
I
II
Boaseholds, Personal Treats, and Boaprofit Organisations
1
2
2165.3
336.5
2429.5
387.7
2584.6
404. 1
2744.2
404.2
3012.1
435.3
2920.5
418.3
2984.6
430.3
3047.3
440.9
3096.2
451.7
3143.8
489.0
3175.5 Personal incoae
448.0. - Personal taxes aad nuntaxes
1
2
3
4
5
6
7
8
1828.9
1718.7
110.2
35.3
1.8
32.8
2041.7
1904.3
137.4
41.8
2.7
39.1
2180.5
2044.5
136.0
46.4
2.4
35.5
2340. 1
2222.0
118. 1
50.0
4.4
61.5
2576.8
2420.7
156.1
58.8
6.0
85.2
2502.2
2349.6
152.5
46.4
10.6
83.0
2554.3
2409.5
144.8
52.6
5.2
89.4
2606.4
2442.3
164.9
68.5
4.3
89.4
2644.5
2481.5
163.0
67.8
3.9
86.9
2654.8
2536.2
118.6
47.5
2.1
91.3
2727.5
2591.4
136.1
57.0
6.7
92.7
3
4
5
6
7
8
9
10
11
180.0
233.2
413.3
220.9
252.7
473.6
220.3
269.1
489.4
234.0
280.4
514.4
306.1
300.6
606.7
292.5
293. 1
585.7
292.0
297.6
589.6
318.3
303.5
621.8
321.6
308.1
629.7
259.4
313.7
573.9
292.5 • Bet saving
318.7 ♦ Capital coasaaption
691.2 » cross saving
9
10
11
12
13
14
15
16
468.8
323.6
100.3
214.7
8.6
543.6
341.2
96.0
235.4
9.8
563.1
331.3
75.2
245. 1
11.0
562.3
400.4
108.2
279.8
12.4
670.8
464.8
132.1
318.8
13.9
626.7
450.7
126.4
310.9
1X3
655.3
466.9
132.5
320.7
13.7
699.6
466.7
135.4
317.2
14.1
701.7
474.7
133.9
326.3
14.5
651.1
484.3
134.5
334.8
14.9
647.2 Gross investnent
492.1
Capital expend. net of sales
136.8
Besidential construction
340.0
Consuner durable goods
15.3
nonprofit pleat and gguip.
12
13
14
15
16
17
18
145.2
273.1
202.5
324.4
231.8
329.1
161.9
363.1
206.1
453.2
176.Q
39X0
188.4
464.6
232.9
459.6
227.0
495.7
166.9
433. 1
17
155.1 Bet financial investnent
456.1
Bet acg. of financial assets 18
■
*
♦
*
♦
Disposable personal iacoae
Personal oatlays
Personal saving, BIA basis
Credits froa govt..insurance
Capital gains ditidgnds
Bgt durables ia oogsaaptioa
19
196.1
257.0
207.6
268.8
411.1
340,8
454.5
425.3
423.7
377.6
331.1
Dep. ♦ cr. akt. instr. (1)
19
20
21
22
23
24
165.8
10.1
83.2
43.2
29.2
205.8
31.6
46.9
19.7
107.5
160.7
16.8
136.7
-17.5
24.7
197.9
43.1
214.2
-15.3
-44. 1
293.1
29.9
159.8
65.0
47.2
282.8
37.5
107.9
92.5
44.9
284.4
35.7
154.8
78.6
95.4
250.2
4.6
168.1
57.0
20.5
355.0
38.6
176.6
31.9
107.9
177.5
14.4
152.6
22.6
-12.1
219.1
96.0
184.6
-81.9
20.4
Deposits
Checkable dep. ♦ curr.
Snail tiae * svgs.dep.
Lange tiae deposits
Bogey aarket fund shrs
20
21
22
23
24
25
26
27
28
29
30
30.4
16.8
7.0
-11.0
18.4
-.8
51.2
30.8
11.0
-3.9
2 0.6
-7.3
46.9
6.1
28.9
3.9
16.4
-8.5
70.9
42.2
42.3
-9.2
-.1
-4. 1
118.0
77.0
40.6
V
10.7
-10.4
58.0
58.4
15.2
-2.9
2.7
-15.4
170.1
135.5
30.9
-14.0
13.7
3.9
175. 1
115.0
42.0
-5.7
16.8
7.0
68.7
-.8
74.4
22.7
9.7
-37.2
200. 1
53.3
25. 8
26.8
12.2
81.9
112.0
99.9
57.7
-.6
-2.9
-42.9
Credit akt. instruaents
U.S. 6ovt. securities
Tax exeapt obligations
Corporate ♦ fgo. bonds
Bortgages
Open-narket paper
25
26
27
28
29
30
31
32
5.2
-13.5
6.3
-36.0
18.4
-24,1
32.8
”26.8
37.7
-79.2
50.6
-79.6
28.7
-84.9
35.4
-76.0
36.1
-77.3
89.3
-134.6
100.4
-108.6
33
34
9.7
106.3
9.2
109.0
7.2
140.1
8.0
136.2
5.2
129.8
5.9
198.8
4.5
126.0
4.5
123.9
5.9
150.6
6.9
136.4
35
36
37
-41.6
5.2
5.6
-25.1
-2.1
6.1
-30.4
3.7
6.8
-66.4
2.4
8.0
-57.0
-.6
6.4
-50.3
•3
6.7
-70.3
-9.0
6.3
-58.0
-1.2
5.8
-49.5
-.6
6.8
38
39
40
41
42
127.9
117.9
95.4
1.3
3.4
129.9
119.2
74.4
16.9
5.9
97.3
90.4
49.5
14.9
5.2
201.2
190.4
110. 1
48.7
11.0
247.2
249.5
138.5
76.8
19.7
217.0
215.5
132.7
67.6
11.2
276.2
280.9
950.4
98.2
27.2
226.7
232.1
134.5
71.4
18.8
43
44
45
46
3.1
1.9
4.0
8.8
4.4
2.3
4.3
11. 1
8.5
2.6
2.1
7.5
11.4
2.5
3.4
3.3
10.0
2.5
-1.0
3.0
9.5
2.5
-9. 1
1.2
9.9
2.4
-9.7
3.3
47
48
49
6.5
2.3
1.2
-1.7
2.7
1.8
3.8
2.4
.8
8.4
1.8
.6
-3.1
1.8
-1.0
.5
1.6
-.6
50
-55.5
-70. 1
-73.8
-47.8
-64.1
-41.0
Butaal fend shares
Other corporate equities
31
32
8.2
149.4
Life insurance reserves
Pension fepd reserves
33
34
-50.7
-.2
8.3
-34.9
.1
30.4
Bet isv. in nopcgrp. bus.
Security credit
Biscellaneous assets
35
36
37
268.7
269.3
136.6
70.0
21.5
266.2
260.1
139. 1
97.1
22.3
301.0
286.9
939.3
102.3
22.9
Bet increase in liabilities
Credit sarket instrunents
Boae aortgages
Installnent cons, credit
Other consuaer credit
38
39
40
41
42
9.7
2.4
-10.5
5.8
11.6
2.4
25.3
1.8
9.1
2.6
-10.9
1. 3
8.4
2.4
7.9
2.9
-5.0
1.6
-1.4
-6.1
2. )
-1.4
-1.9
1.8
— .6
3.8
2.2
.1
12.’
2.1
•7
-65.7
-77.8
-72.0
-78. 1
Tax-exespt debt
Other Mortgages
Bank Ioans a.g.c.
Other loans
Security credit
Trade debt
Biscellaneous
-36.0 Discrepancy
43
44
45
46
47
48
49
50
(1) Excludes corporate eguities. .
Besotsnda;
51
52
53
54
55
56
100.3
4.5
95.8
44.1
95.4
-39.2
96.0
4.9
91.2
48.5
74.4
-26.8
75.2
4.8
70.4
51. 1
49.5
-25.4
108.2
6.3
101.8
53.2
110. 1
-55. 1
132.1
6.7
125.3
57.4
138.5
-63.8
126.4
6.7
119.7
55.8
13X7
-62. 1
132.5
6.7
125.8
56.7
150.4
-74.6
135.4
6.7
128.7
58.0
134.5
-57.1
133.9
6.8
127.1
58.9
136.6
-61.6
134.5
6.4
128.1
60. 1
139. I
-64.6
Bet physical iavestseats
(A) Besidential coastsaction
136.8
Expenditures
6.9
Bobile hoaes
Other
129.9
61.1
- Capital coasaaption
- Boae aortgages
139.3
•« Excess aet investaent
-63.6
57
58
59
214.7
182.0
32.8
235.4
196.3
39.1
245.1
209.6
35.5
279.8
218.3
61.5
318.8
233.6
85.2
310.9
227.9
8X0
320.7
231.3
89.4
317.2
235.8
81.4
326.3
239.3
86.9
334.8
243.5
91.3
340.0
247.3
32.7
60
61
4.7
28.1
22.7
16.3
20. 1
15.4
59.8
1.7
96.5
-11.3
78.8
4. )
125.4
-36.0
90.2
-8.8
91.5
-4.5
119.4
-28.1
125.2
-32.5
62
63
64
8.6
7.2
1.4
9.8
7.8
1.9
11.0
8.3
2.6
12.4
8.9
3.5
13.9
9.6
4.3
1X3
9.4
4.0
13.7
9.5
4.2
14.1
9.7
4.4
14.5
9.9
4.6
65
66
15.5
6.0
16.0
6.7
15.6
6.2
14.7
5.0
14.5
6.1
14.3
6. f
14.4
5.7
14.5
6.3
67
22.1
22.7
22.0
21.5
23.0
22.9
22.6
68
69
70
71
17.3
14.6
6.9
6.3
16.4
15.5
5.8
5.7
14.9
14.8
4.4
4. 1
16.7
15.2
8.4
8.0
17.6
17.2
9.4
9.4
17.6
15.4
8.5
8.4
17.9
17.8
10.6
10.8
72
1865.9
2086.2
2229.3
2394.5
2641.7
Ceasuser darebles
Expenditures
- Capital consuaption
- let investaent
51
52
53
54
55
56
57
58
59
- consuaer credit
= Excess net investaent
60
61
14.9
10. )
4.8
(C| nonprofit plant aad eguip.
Expenditures
15.3
- capital consuaption
10.3
» Bet investaent
5.0
62
63
64
14.6
6.2
15.6
4.5
14. 1 Effective tax rate
5.0 Saving rate, BIA basis
23.2
23.2
21.2
21.9 Cross saving
17.4
17.2
8.5
8.7
17.5
18.2
9.9
9.9
17.9
16.0
9.8
9.6
17.6
16.3
10.8
10.3
Per cent rations
65
66
Per cent qf disposable incoae adj. (2) ;
BILLIOBS OF DOLLABS.
Capital expenditures
Acguisitiog gf final), assets
Bet increase ia liabilities
Credit sarbet borroviag
67
68
69
70
71
72
2559.2 2612.2 2679.2 2716.1 2704.3 2791.2 (2) Disposable iacoae adj.,
(BIA disposable incoae * govt, iasaraace credits * capital gains divid.}
11/85 BASBD OB IBCOBPLETE IBFOBBATIOB,
SBPTBHBBB 23, 1985
Total aad Noncorporate Busiaess
Total aad Noncorporate Busiaess
Sector Statenents of Saving aad Iavestaent
ONADJOSTBD NBT ALOIS (S MILL)
0MAD4USTBD NBT FLOWS(8 BILL)
1985
1984
I
II
HI
IV
Nonfinancial
1 Incoae before taxes
2 Gross saviag
1975
II
x
1
BILLIONS OP OOLLABS
1976
1977
1978
1979
Business - Total
92,945 97,688 91,329 93,728 90,173 93,516
100,610 113,645 106,548 107,060 110,325 122,050
206.9
154.1
241.4
171.5
276.6
198.8
314.6
223.4
343.6
243.9
1
2
3
80,110 110,869 115,465
148. 1
162.3
162.2
199.6
242.4
4 Capital expenditures
107,027 127,304 129,967 114,103 108,266 127,606
Fixed investaeat
5
86,760 110,732 106,061 108,739 97,618 120,880
Business plaat ♦ eguipaeat 87,591 98,559 98,194 106,159 99,963 106,853
6
Uoae construction (1)
7
7,177
-5,717
2,479 -2,098 -6,997
7,322
flulti-faaily residential
4,996
8
4,886
4,678
4,652
4,705
5,388
9
5,863
Change ia inventories
18,662 14,052 22,054
3,439 10,170
1,925
Mineral rts. froa 0«s* Govt.
1,605
2,520
480
943
10
1,852
148.2
153.8
146.0
2.8
5.0
-6.9
1.3
184.6
168.8
161.1
4.2
3.4
11.8
4.0
226.8
203.3
190.6
7.2
23.0
2.5
269.9
241.5
230.7
2.6
8.2
26.5
2.0
299.6 4
280.6 5
269.2 6
•2 7
11.2 8
14.3 9
4.7 10
11 Net finaacial investaeat
-8,429 -20,960 -30,521 -33,993
2,601 -12,221
6,986
12
2,753
Net acg. of financial assets 28,885 23,749 10,303 24,088
37,314 44,709 40,824 58,081
13
Net increase in liabilities
152 21,207
14
-15,873 -26,382 -16,800 -17,925 -21,250 -18,084
Corporate eguities
15
Credit aarket instruaents
50,985 80,741 56,123 74,543 39,271 54,256
16
Bonds
8,476 15,895 29,865 16,761 20,741
6,569
17
8,186 28,258 22,035 14,592
Mortgages
8,295 21,085
18
Bank loans n.e.c.
22,386 26,002
9,608 22,401
3,693
3,715
19
13,844 18,005
Other loaas
8,585
7,685 10,322
6,715
-.2
44.3
44.5
9.9
41.8
29.8
16.0
-9.2
5.2
-22.3
58.3
80.5
10.5
69.8
25.3
22.9
4.6
17.0
-46.6
67.4
114.0
2.7
110.0
29.5
34.4
24.3
21.7
-70.3
98.5
168.8
-.1
128.1
28.8
37.9
33.3
26.1
-57.1
131.1
188.3
-7.8
152.7
27.3
41.8
49.3
34.3
7.9
-15.1
13.3
-13.1
24.2
-22.9
53.8
-12.9
55.1 20
-11.7 21
6.0
9.2
16.5
23.8
3 Gross investaeat
20
21
Trade debt
Other lianilities
22 Discrepancy
98,598 106,344
4,493
8,630
—2,291 -18,280
2,012
7,301
99,446
9,293
-7,792
6,939
-5,476
7,102
26,950
-6,576
3,250
-9,291 -18,215
-544
■-
6,585
5.5
. r-------------------- T------ —
11
12
13
14
15
16
17
18
19
1.4 22
r-T-- rTT-,T
Fara Eusiness
1 Net incoae
8,118
5,858
6.830
7,347
6,434
5,975
24.6
19.1
19.1
26.3
31.9
1
2 Net saviag
3 Capital consuaption
4
Corporate
Noncorporate
5
6 Current surplus * gross saving
43
5,653
689
4,964
5,696
62
5,691
692
4,999
5,753
82
5,718
696
5,022
5,800
101
5,751
697
5,054
5,852
133
5,775
698
5,077
5,908
166
5,795
700
5,095
5,963
•1
10.1
1.0
9.1
10.2
-.1
11.1
1.2
9.9
11.1
-.3
12.6
1.4
11.2
12.3
.2
14.2
1.6
12.6
14.4
.1
*16.3
1.9
14.4
16.4
2
3
4
5
6
5.696
6,925
3,445
170
3,310
5,753
4,393
3,221
285
887
5,800
5,505
3,153
331
2,021
5,852
5,894
3,263
269
2,362
5,908
4,966
3,126
200
1,640
5,963
5,197
3,613
259
1,325
10.2
17.3
12.8
1.0
3.5
11. 1
12.9
13.8
1.1
-2.0
12.3
17.8
15.2
1.5
1.1
14.4
20.4
17.6
1.7
1.1
16.4 7
27.2 8
19.9 9
1.7 10
5.7 11
12 Net financial investaent
Met acg. of financial assets
13
14
Deaand deposits ♦ currency
15
Miscellaneous assets
Insurance receivables
16
17
Eg. ia spons. ags. (2)
-1,229
448
39
409
401
8
1,360
488
40
448
437
11
295
510
41
469
435
34
-42
448
42
406
397
9
942
417
43
374
363
11
766
277
44
233
334
-101
-7.1
1.0
.1
•9
.7
.2
-1.8
-. 1
1.5
1.3
.2
-5.6
1.8
.1
1.7
1.5
.2
-5.9
2.1
.1
2.0
1.7
•3
-io. e
2.1
.1
1.9
1.5
•4
12
13
14
15
16
17
18
19
20
21
22
23
24
Net increase in liabilities
Credit aarket instruaents
Mortgages
Bank loans n.e.c.
Other loans
O.S. Governaent
Fed. Int. Credit Eanks
1,677
232
366
637
-771
-430
-341
-872
3,912
1,001
1,783
1,128
530
598
215
2,311
789
287
1,235
733
502
490
-3,526
-84
-1,727
-1,715
267
-1,982
-525
-2,694
-492
-1,584
-618
-150
-468
-489
409
-34
800
-357
400
-757
8.1
8.5
4.6
2.0
1.9
•8
1.1
3.2
10.2
5.7
3.0
1.5
.1
1.3
7.4
12.3
7.1
2.5
2.7
1.3
1.4
8.0
14.6
7.2
2.5
5.0
3.5
1.5
12.9
21.4
11.8
2.8
6.7
3.4
3.3
18
19
20
21
22
25
26
Trade debt
Proprietor net investnent
348
1,097
418
-5,202
231
-2,327
336
3,680
209
1,960
234
-1,132
.5
-.8
•8
-7.8
•9
-5.8
1.6
-8.3
1.2 25
-9.6 26
7 Gross investaent
8 Capital expenditures
Plant and eguipaent
9
10
Besidential construction
11
Change in inventories
1.4
•-
-T-r-r---
23
24
.........
Nonfara Noncorporate Business
1 Net incoae
2 Gross svg.scapital ccnsuap.
39,731
16,698
40,690
17,427
40,650
17,742
41,504
18,125
42,468
18,305
43,477
18,686
77.6
24.2
67.8
26.2
101.5
29.1
110.8
33.2
120.8
38.7
1
2
3 Gross investaent
4 Capital expenditures
5
Fixed capital
6
Plant and eguipaent
7
Uoae construction (1)
8
Hulti-faaily residential
9
Change in inventories
16,698
18,098
17,640
16,713
-2,944
3,871
458
17,427
25,783
24,273
17,113
3,446
3,714
1,510
17,742
24,497
22,742
17,755
1,074
3,913
1,755
18,125
19,463
19,983
17,892
-1,184
3,275
-520
18,305
18,036
18,446
18,495
-3,599
3,550
-410
ie,688
25,869
25,253
16,379
3,532
3,342
636
24.2
21.2
22.3
16.9
•9
4.5
-1. 1
26.2
23.4
22.4
18.3
1.6
2.5
1.0
29. 1
35.9
33.9
26.3
2.0
5.7
2.0
33.2
47.9
45.9
39.4
•4
6.0
2.0
38.7
52.9
53.2
45.5
-.8
8.5
—.4
3
4
5
6
7
8
9
10 Net financial investaent
11
Net acg. of financial assets
12
Denand deposits ♦ currency
13
Consuaer credit
14
Miscellaneous assets
15
Insurance receivables
16
Equity in spons.ags. (2)
-1,400
1,107
408
699
700
-1
-8,356
2,402
1,627
775
776
-1
-6,755
2,212
1,439
773
767
6
-1,338
3,217
2,515
702
686
16
269
1,371
753
618
609
9
-7,201
2,532
2,015
517
544
-27
3.0
2.1
.8
1.3
1.2
♦
2.8
3.3
1.2
2. 1
2. 1
•1
-6.8
3.1
•
•6
2.6
2.5
♦
-14.6
4.4
1.4
3.0
2.9
•1
-14.2
4.6
1.6
3.0
2.9
.1
10
11
12
13
14
IS
16
17
18
19
20
21
22
2,507
13,093
10,076
-2,355
2,866
9,565
10,758
26.866
24,544
2,757
4,847
16,940
8,967
18,752
20,372
859
2,310
17,203
4,555
19,048
15,692
-947
3,760
12,879
1,102
12,752
11,733
-2,879
3,406
11,206
9,733
20,400
16,401
2,825
3,714
11,862
-.9
12.5
12.5
.7
-.3
12.0
e 1>
1.2
2.7
10.8
9.9
28.0
23.8
1.6
5.1
17. 1
19.1
32.8
26.6
•4
6.7
19.5
19.0
35.3
28.6
—.6
5.9
23.3
17
18
19
20
21
713
2,304
1,171
1,151
-434
-1,186
757
2,599
-286
1,305
-38
2,037
-2.0
2.0
-3.6
4.3
.9
3.3
•3
6.0
• 6 23
6.1 24
647
917
751
999
917
1,051
-11,233 -17,025 -10,536 -15,492 -12,567 -11,718
1.1
-14.6
2.2
-U.2
1.2
-19.2
3. 1
-16.9
• 1 25
-16.5 26
23
24
25
26
Net increase in liaoilities
Credit aarket instruaents
Mortgages
Uoae aortgages
Multi-faaily
Coaaercial
Bank loans n.e.c.
Other loans
Trade debt, net
Proprietor aet investaent
(1) Fara plus aonfara change in nork ia process.
(2) shares ia FICB’s, Banks for Coops, aad Federal Land Banks.
11/85 BASBD ON INCOMPLETE INFOBHATION
15.4
14.8
22
SEPTBHBEB 23, 1965
Total and Noncorporate Easiness
Total and Noncorporate Easiness
o
Sector Stateaents of Saving and Investaent
SEASOBALLI ADJUSTEE ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1965
1960
1961
1962
1983
1984
J
Nonfinancial
II
1
III
IV
1I
I
307. 1
366.9
375.7
427.9
380.4
409. 1
382.1
424.4
363.8
434.9
376.4
443.0
369.3
448.4
255.2
319.6
364.5
378.7
383.7
387.8
387.8
319.3
337.6
321.5
2.6
13.4
-26. 1
7.8
339.7
345.4
321.4
7.9
16.2
-13.5
7.8
478.4
412.3
350.5
1.8
19.9
56.2
7.9
469.9
389.7
365.0
6.0
16.7
73.8
6.4
469.7
409.1
386.0
4.3
18.8
50.6
10.1
499.1
419.9
400.0
—2.2
22. 1
71.8
7.4
474.9
430.5
411.9
-.8
20.3
36.6
7.7
—100.9
70. 1
171.0
-11.5
158.3
35.2
31.9
50.4
40.8
-64. 1
29.8
93.9
11.4
120.7
33.8
34.0
52.0
.9
-20. 1
121.0
141.1
28.3
124.3
25.5
63.1
23.4
12.3
-93.9
87.0
180.9
-77.0
262.4
60.8
73.1
60.4
48.1
-91.2
132.4
223.6
-63.5
246. 1
27.8
61.3
102.6
56.4
-86.0
99.7
185.8
-105.5
275.3
37.8
87.8
96.5
53.2
-111.3
18.2
129.5
-67.2
224.8
62.9
74.6
45.7
41.6
39.8
-26.4
30.9
-6.7
-7.5
-30. 7
37.2
-48.7
29.4
-33.8
65.2
—26.3
37.7
-21.7
20.0
37.0
58.9
47.3
43.4
30.4
1
2
317.9
253.8
331.5
303.4
268.0
314. 1
3
233.9
266.4
4
5
6
7
6
9
10
284.3
269.1
286.5
-.2
2.8
-9.8
5.0
367.2
336.3
328.2
-2.2
10.3
26.0
4.6
11
12
13
14
15
16
17
16
19
-50.5
101.5
151.9
12.9
125.7
37.5
32.1
33.1
23.0
20
21
22
II
Business - Total
364.8 Incoae Before taxes
454.8 Gross saving
1
2
427.6
417.0 Gross investaeat
3
476.6
434.0
413.4
3.0
17.6
40.7
1.9
4
469.3 Capital expenditures
5
Fixed investaent
447.4
Business plant * eguipaent 6
426.0
7
Boae construction (1)
3. 7
8
17.7
Hulti-faaily residential
Change in inventories
9
18.1
Hineral rts. fron O.S. Govt. 10
3.8
-87.1
97.8
184.9
-71.7
301.4
114.7
68.6
76.7
41.3
-49.0
35.5
84.6
-85.0
20S.6
68.4
63.8
29.3
44.0
-52.3 Net financial investaent
27.7
Net acg. of financial assets
Net increase in liabilities
79.9
Corporate eguities
-72.3
Credit narfcet instruaents
167.2
Bonds
88.1
Hortgages
57.3
6.8
Bant loans n.e.c.
15. 1
Other loans
11
12
13
14
15
16
17
18
19
23.3
-51.4
-8.8
-36.0
16.1
-52. 1
10.4
-25.3
Trade debt
Other liabilities
20
21
40.7
47.1
55.3
20.8
37.8 Discrepancy
22
Para Business
1
21.6
31.5
21.6
13.6
28.2
32.5
23.4
27.3
29.4
25.7
23.9 Net incoae
1
2
3
4
5
6
-.5
16.6
2.2
16.4
18.1
-.6
20.6
2.5
18.1
19.8
-.5
21.9
2.7
19.2
21. 4
1
22.4
2.8
19.6
22.2
.3
22.8
2.8
20. 0
23. 1
.2
22.6
2.8
19.9
22.6
•2
22.8
2.8
20.0
23.0
.3
22.9
2.8
20.1
23.2
.4
23.0
2.8
20.2
23.4
•5
23.1
2.8
20.3
23.6
.7 Net saving
23.2 Capital consuaption
2.8
Corporate
20.4
Noncorporate
23.9 Current surplus = gross saving
2
3
4
5
6
7
8
9
10
11
18.1
15.2
18.7
1.8
-5.3
19.8
27.4
18.3
1.3
7.8
21.4
14. 1
14.7
1.5
—2. 1
22.2
4.7
14.2
1.0
-10.4
23.1
22.7
13.1
1.1
8.6
22. 8
27.9
13.8
.9
13.2
23.0
17.5
12.9
1.0
3.5
23.2
21.9
12.6
1.2
8. 1
23.4
23.5
13.1
1.0
9.4
23.6
20. 1
12.5
1.0
6.6
23.9 Gross investsent
21.3 Capital expenditures
14.5
Plant and eguipnent
Besidential construction
1.5
Change in inventories
5.3
12
13
14
15
16
17
3.0
2.0
.1
1.9
1.3
•6
-7.6
1.9
.1
1.7
1.1
•6
7.3
1.8
•1
1.7
1.3
.4
17.5
1.6
. 1
1.5
1. 4
• 1
•4
1.9
.2
1.7
1.7
•1
-5. 2
1.8
.2
1.6
1.6
*
5.5
2.0
•2
1.8
1.7
V
1.3
2.0
•2
1.9
1.7
.1
-.1
1.8
.2
1.6
1.6
*
3.5
1.7
.2
1.5
1.5
♦
18
19
20
21
23
24
-1.0
14.3
9.3
.5
4.5
x.6
1.9
9.5
16.4
9.9
1.4
5.2
3.4
1.8
-5.4
7.9
5.3
3.2
-.6
.2
—.8
-15.8
4.5
3.0
2.8
-1.3
*
-1.3
1.5
2.9
2.1
1.0
-.1
1. 1
-1.2
7.0
3.8
1.7
4. 1
-1.9
-1. 5
-.4
-3.6
•4
2.4
1.6
-3.6
-.7
-3.0
.8
6.5
2.8
.5
3. 1
2.9
.2
1.9
1.1
1.4
-2.2
1.9
3.6
-1.7
-1.9
-7.4
-1.5
-5.1
-.8
-.2
-.6
-1.5
-13.6
-1.6
-2.5
-9.5
-1.0
-8.5
25
26
1.0
-16.3
1.1
-8.1
-.6
-12.8
.8
-21. 1
1.3
-2.8
1. 4
1.8
1.7
-5.7
.9
—6. 6
1.3
-.5
•8
4.7
•9
11.2
22
7
8
9
10
11
2.6 Net financial investnent
Net acg. of financial assets
1.1
•2
Deaand deposits ♦ currency
•9
Hiscellaneous assets
Insurance receivables
1.3
-.4
Eg. in spons. ags. (2)
12
13
14
15
16
17
Net increase in liabilities
Credit narhet instrunents
Bortgages
Eank loans n.e.c.
Gther loans
U.S. Governnent
Fed. Int. Credit Banks
18
19
20
21
22
23
24
Trade debt
Proprietor net investnent
25
26
———-----——— --n-TTT--- -r----........
Nonfara Noncorporate Business
——-———— ——-——-——————— —------ ™
— —-..——__
1
2
118.7
46.2
122.8
53.2
122.5
58. 4
144.5
64.2
162.6
70.0
158.9
66. 8
162.8
69.7
162.6
71.0
166.0
72.5
169.9
73.2
3
4
5
6
7
8
9
46.2
48.0
49.2
50.0
-1.0
•2
-1.3
53.2
68.6
67.4
61.3
-1.7
7.8
1.2
58.4
75.5
77.3
65.7
.5
11.1
-1.8
64. 2
78.7
78.6
62.9
3.5
12.3
*
70.0
87.8
84.6
69.5
.4
14.8
3.2
66.8
86.3
83.3
66. 9
2.5
13.9
3. 1
69.7
88.2
84.0
68.5
1.6
13.9
4.2
71.0
89.2
85.9
71.0
-1.7
16.6
3.3
72.5
87.6
85.4
71.6
-.9
14.7
2.2
73.2
87.1
87.3
74.0
1.0
12.4
-.2
10
11
12
13
14
15
16
-1.8
3.0
•4
-17.1
3.8
1.8
2. 1
2.0
*
-14.5
6.1
3.8
2.3
2.3
♦
-17.8
8.9
6.0
2.9
2.9
«
-19.5
5.6
2.8
2.5
.1
-15.4
4.9
2.7
2. 1
2.1
• 1
2.8
*
-18.5
11.9
8.8
3.1
3. 1
*
-18.3
8.3
5.2
3. 1
3.1
*
-15. 1
9.9
7.1
2.8
2.7
• 1
-13.8
9.9
7.4
2.5
2.4
*
17
18
19
20
21
22
4.8
31.0
20.8
— .8
4.0
17.5
20.2
38.4
23.9
-1.4
4.1
21.2
20.9
40.9
30.0
•4
5.9
23.7
20.6
65.2
57.2
2.8
8.6
45.8
26.8
77.8
70.7
.3
13.8
56.6
25. 1
74.6
57.2
2.0
11.5
43.7
30.4
91.4
84.3
1.3
19.6
63.4
26.6
75.0
73.0
-1.4
9.3
65.1
25.0
70. 1
68.2
-.7
14.7
54.2
23.7
75.5
64.8
•8
13.6
50.4
21.8
63.7
58.5
•9
15. 1
42.5
23
24
3.4
6.8
6. 2
8.3
7.3
3.6
1.7
6.4
2.2
4.9
2. 1
15. 4
2.3
4.9
.8
1.1
3.7
-1.9
-1.8
12.4
-2.9
8. 1
25
26
— .9
-25.3
-1. 1
-17.1
-2.4
-17.6
.7
-45.3
3.3
-54.3
2.6
-52. 1
3.7
-64.7
3.0
-51.4
4.0
-49. 1
3.7
-55.4
4.2
-46. 1
2.6
BILLIONS Of* DOLLABS.
2. 8
173.9 Net incone
74.8 Gross svg.=capital consnap.
74.8 Gross investaent
87.7 Capital expenditures
87.1
Fixed capital
Plant and eguipnent
73.5
Hove construction (1)
1. 1
12.6
Bulti-fanily residential
.5
Change io inventories
3
4
5
6
7
6
9
-12.9 Net financial investnent
8.8
Net acg. of financial assets
Dexand deposits * currency
6.8
Consuner credit
Biscelianeous assets
2. 1
Insurance receivables
2.2
Eguity in spons.ags. (2)
-. 1
10
11
12
13
14
15
16
Net increase in liabilities
Credit aarket instruaents
Bortgages
Hone nortgages
Bulti-fanily
Connercial
Bank leans n.e.c.
Other loans
Trade debt, net
Proprietor net investnent
(D Farn plus nonfarn change in work in process.
<2) Shares in FICB's, Banks for Coops , and Federal Laud Banks.
11/65 BASED ON INCOHPLETE INFOBHATION.
1
2
17
18
19
20
21
22
23
24
25
26
SEPTEHBEB 23, 1985
Nonfinancial Corporate Business
Ionfinancial Corporate Business
Sector Statenents of Saving and Investaent
0*ADJOSTBD BBT FLOWS« BILL)
UBADJUSTED BET FLOWS(1 BILL)
1984
I
II
III
IV
|
1
1985
II
1
1975
BILLIOBS OF DOLLABS
1977
1976
1978
1979
Boafiaaacial Corporate Basiaess, Bxcladiag Faras
1
2
3
4
Profits before tax
- Profit tax accruals
- Donestic net dividends
-• Donestic uadist. profits
5
6
7
8
*
*
*
=
45,096
18,185
18,515
8,479
51,140
20,643
18,788
17,588
43,849
15,936
18,795
6,998
44,877
16,417
23,361
1,258
41,271
16,279
20,008
5,193
44,064
17,666
20,020
13,096
106.7
41.0
31.7
34.0
134.5
52.4
38.2
43.9
156. 1
59.4
42.0
54.7
177.5
66.6
48.0
62.8
190.9
68.9
54.7
67.3
1
2
3
4
Capital consuaption adj.
Depreciation charges, SIPA
Earnings rec. fron abroad
U.S. internal funds, boot
11,720
55,712
2,450
78,361
12,857
56,634
2,283
89,362
14,290
57,519
1,183
79,990
15,788
58,586
3,003
78,635
16,888
59,584
2,135
83,800
18,204
60,614
1,362
93,276
-9.6
93.8
6.1
124.4
-12.9
103.6
8.2
142.9
-10.6
114.3
10.3
168.7
-12. 1
129.2
10.5
190.5
-13.7
147.7
15. 1
216.4
5
6
7
8
9 * Fgn. earnings ret. abroad
10 * Inv. valuation adjustaent
11 = Total internal funds ♦ IVA
3,694
-3,839
78,216
3,638
-2,535
90,465
2,556
460
83,006
4,185
263
83,083
2,717
-405
86,112
4,573
-450
97,399
-11.6
6.9
119.7
6.0
-14.7
134.2
4.8
-16.2
157.4
9.2
-24.0
175.7
15.5 9
-43.1 10
188.8 11
12 Gross investaent
13 Capital expenditures (1)
14
Fixed investaent
15
Plant and eguipaent
16
Hoae construction
17
flulti-fanily residential
18
Inventory change ♦ IVA
19
flineral rts. froa U.S. Govt.
76,204
82,004
65,505
67,433
-2,943
1,015
14,894
1,605
83,164
97,128
82,953
78,225
3,446
1,282
11,655
2,520
75,904
99,965
79,835
77,286
1,074
1,475
18,278
1,852
56,133
88,746
85,224
85,004
-1,183
1,403
1,597
1,925
86,656
85,266
75,846
78,342
-3,598
1,102
8,940
480
90,814
96,600
91,755
86,861
3,531
1,363
3,902
943
113.6
109.7
117.7
116.3
.9
.5
-9.3
1.3
125.0
148.3
131.5
129.0
1.6
.9
12.8
4.0
140.9
175. 1
152.7
149.2
2.0
1.5
19.9
2.5
151.9
201.7
176.3
173.7
.4
2.1
23.4
2.0
187.3
219.5
205.8
203.9
8
2.6
9.0
4.7
20 Bet financial investaent
21
Bet acg. of fiaaacial assets
-5,800 -13,964 -24,061 -32,613
27,330 20,859
7,581 20,423
1,390
965
-5,786
6,177
3.9
41.2
—23.3
53.5
-34.2
62.5
-49.7
92.0
-32.1 20
124.3 21
17,496 -14,352
6,196 -7,392
5,461
—433
-1,922
1,331
-707
-366
-2,059
-1,564
506
1,058
-242
19.8
6.2
1.9
-.8
.8
14.6
2.4
2. 1
2.3
1.7
3.7
2.8
4.8
1.2
1.3
15.8
4.4
2.0
5.5
2.0
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
Liguid assets
Security BP’s
Foreign deposits
-5,468
—8,288
2,276
-1,431
-870
4,335
1,060
-3,993
3,001
-1,362
-9,427
-4,546
983
-4,198
-1,110
U.S. Govt, securities
Tax exeapt obligations
Coaaercial paper
4,788
-48
-1,895
1,090
-105
4,644
-2,659
57
2,046
-1,553
23,467
10,884
5,279
-1,011
6,290
1,967
13,691
866
614
-1,727
2,341
1,173
1
4,431
1,368
-1,116
Denand dep. and currency
Tine deposits
Consuaer credit
Trade credit
Aiscellaneous assets
Foreign dir. invest.
Eguity, etc.
Betained earnings
(2)
Insurance receivables
Eguity in sponsored ags.
Other
Bet increase in liabilities
Bet funds raised in alts.
Bet new eguity issues
18.6
6.3
4.7
2.6
1.5
12
13
14
15
16
17
18
19
22
23
24
25
26
3,893
-39
4,614
-1,605
73
-5,960
-1,265
48
-600
8.7
-.2
3. 1
2. 1
-1. 1
5.0
-6.4
*
-. 1
1.5
.2
.2
4,597
780
14,440 —12,927
1,788 11,257
-1,241
3,103
-2,652
2,179
1,411
924
-1,773
11,315
5,775
798
-743
1,541
1,026
1,864
5,346
-1,500
-3,000
1,500
.7
5.8
14.9
14.0
6.0
8.0
1.9
18.7
18.3
11.6
3.9
7.7
1.2
36. 1
21.5
11.5
5.1
6.4
1.8
56.0
18.5
15.7
4.4
11.3
1,060
3,917
957
108
5,781
2.2
♦
-1.4
3.4
*
3.2
4.4
.1
5.5
5.6
4
-2.8
5.5 36
. 1 37
2.5 38
-425 11,963
33,130 34,823 31,642 53,036
21,787 23,581 18,260 41,096
7,963 15,363
-15,873 -26,382 -16,800 -17,925 -21,250 —18,084
37.3
30.8
9.9
76.8
54.7
10.5
96.7
72.4
2.7
141.8
80.5
1
156.4 39
88.2 40
-7.8 41
96.0 42
10.0 43
17.3 44
1,355
1,674
1,204
6,950
1.6 27
• 28
1.9 29
1.6
69.4
34.6
26.6
7.6
19.0
30
31
32
33
34
35
42
43
44
Debt instruaents
Tax-exeapt debt (3)
Corporate bonds (2)
37,660
2,000
4,569
49,963
2,219
6,257
35,060
3,364
12,531
59,021
10,959
18,906
29,213
3,400
13,361
33,447
5,000
15,741
20.9
2.6
27.2
44.2
2.5
22.8
69.7
6.7
22.9
80.6
7.7
21. 1
45
46
47
48
Bortgages
Hoae aortgages
Hulti-faaily
Coaaercial
-2,256
-2,355
198
-99
2,713
2,757
27
-71
674
859
57
-42
-1,016
-947
-56
-13
-2,946
-2,879
-83
16
2,718
2,825
-152
45
-1. 1
.7
.3
-2.1
2.4
1.2
1.2
-
3.5
1.6
2.0
-. 1
4. 1
.4
2. 7
1. 1
1.4
-.6
2.4
-.4
45
46
47
48
49
50
51
52
53
Eank loans n.e.c.
Coaaercial paper
Acceptances
Finance coapany loans
U.S. Governaent loans
21,036
5,743
-101
6,699
-30
23,048
10,945
1,237
3,444
100
9,755
6,886
-185
834
1,001
23,371
-1,859
20
8,511
129
5,763
4,482
-396
5,149
400
2,953
5,914
110
611
400
-9.1
-2.9
.2
3.8
.2
5.2
1.4
1.3
8.4
.2
20.9
1.6
.6
13.5
*
30.6
2.7
1.2
11.5
1.7
45.9
9.0
1.0
10.2
1.2
49
50
51
52
53
4,540
3,498
3,305
2,652
653
-5,342
7,295
9,289
8,295
994
-157
8,311
5,228
4,042
1,186
1,644
5,604
4,692
3,804
888
-1,397
-9,704
2,713
1,883
830
-7,581
1,965
2,216
1,316
900
-2.4
6.3
2.6
1.4
1.2
7.5
10.3
4.3
2.7
1.7
-1.5
22. 1
3.7
2. 1
1.6
4.3
49. 1
7.9
5.3
2.6
2.5
53.8
11.9
7.9
4.0
54
55
56
57
58
2,012
7,301
7,102
26,950
-544
6,585
6.0
9.2
16.5
23.8
1.4 59
21,019
19,744
-101
25,658
-.5
42.4
8.4
45.2
14.0
59.9
6.9
63.8
15.6 60
68.1 61
13,815
15,398
4,297
23,459
9,988
4,372
28.7
-7.9
-4.0
27.7
16.5
34.2
33. 1
36.6
57.2
32.9
47.7
101.0
28.7 62
67.3 63
123.7 64
39,444
99,017
34,261
40,091
99,179
34,624
38.4
91.7
19.0
39.0
110.5
29.8
38.0
111.3
39.8
37.5
114.8
40.0
36. 1 65
116.3 66
43. 7 67
54
55
56
57
58
Profit taxes payable
Trade debt
Fgn.direct invest, in U.S.
Eguity, etc.
Betained earnings
59 Discrepancy
60
61
62
63
64
65
66
67
fleaor&ndua itens:
6,129 -18,531
Trade credit net of trade debt 19,969
6,396
Profits tax payaents
15,666 25,990 14,989 13,939
Debt subtotals:
4,313 11,189 16,769 28,849
Securities and aortgages
33,347 38,774 18,291 30,172
Loans and short-tera paper
Total short-tera liab. (4)
41,385 40,727 26,445 37,420
Per ceat ratios:
40,325 40,365 36,342 36,582
Effective tax rate
Capital outlays/internal funds 104,842 107,365 120,431 106,816
Cr. akt.borroving/cap. exp.
45,924 51,440 35,072 66,505
(1) Capital outlays on book basis:
68 Inventory change, BIPA
14,894
69 Less: Inv. val. adjustaent
-3,839
18,733
70 Inventory change before IVA
11,655
-2,535
14,190
18,278
460
17,818
1,597
263
1,334
8,940
-405
9,345
3,902
-450
4,352
-9.3
-11.6
2.2
12.8
-14.7
27.5
19.9
-16.2
36. 1
23.4
-24.0
47.5
9.0 68
-43. 1 69
52. 1 70
71 Total cap. expend, before IVA
85,843 99,663
78,361 89,362
72 U.S. internal funds, book
Financing gap: Excess of capital expenditures
over U.S. internal funds
7,482 10,301
73
99,505
79,990
88,483
78,635
85,671
83,800
97,050
93,276
121.3
124.4
163.0
142.9
191.3
168.7
225.7
190.5
262.6 71
216.4 72
19,515
9,848
1,871
3,774
-3. 1
20. 1
22.5
35.2
46.2 73
(2) Corporate bonds include aet issues by Betherlands Antilles subsidiaries,
and U.S. foreign direct investnent is before subtracting reflows of
capital froa Betherlands Antilles subsidiaries* foreign financing.
(3) Industrial revenue bonds. Issued by state and local governaents
to finance private investaent aad secured ia interest and
principal by the industrial user of the funds.
(4) Loans (except aortgages), short-tera paper, profit taxes payable, aad
trade debt. Includes loans due in sore than one year aad excludes
current aaturities of securities and aortgages.
11/85 BASED OB IBCOHPLETE IHFOBHATIOH
SEPTEBBEB 23, 1985
Bonfinanciai Corporate Easiness
Nonfinancial Corporate Business
ii
Sector Stateaents of Saving aad Ifvestaeat
SEASONALLT ADJOSTBD ABBOAL BATES
1980
1981
1982
1983
SEASOBALLT ADJDSTID ABBOAL BAXES
1984
|
1
|
II
1984
1
II
III
1985
I
II
Bonfinanciai Corporate Business', Excluding faras
1
2
3
4
177.4
66.7
61.7
49.0
177.2
63.6
67.6
46.0
123.7
44.3
69.0
10.4
148.9
58.0
72.2
18.6
185.0
71.2
79.5
34.3
189.0
74.5
76.9
37.6
195.9
77.2
79.0
39.8
173.9
64.3
80.2
29.3
181.0
68.7
81.8
30.6
173.7
66.6
83.1
24.0
167.0
64.6
84.2
18.3
Profits before tax
- Profit tax accruals
- Doaestic set dividends
= Doaestic andist. profits
5
6
7
8
-14.3
167.8
18.2
220.7
-6.0
IBS. 5
14.5
244.1
4.0
207. 1
12.6
234.0
33.0
215.2
9.9
276.8
54.7
228.5
8.9
326.3
46.9
222.8
11.4
318.8
51.4
226.5
9.1
326.8
57.2
230.1
9.7
326.3
63.2
234.3
5.5
333.6
67.6
238.3
10.3
340.2
72.8
242.5
5.3
338.9
♦
♦
♦
«
Capital consuaption adj.
Depreciation charges, BIPA
Earnings rec. fron abroad
D.S. internal funds, book
5
6
7
8
9
10
11
11.7
-42.9
189.5
9.9
-23.6
230.4
9.8
-9.5
234.3
14.9
-11.2
280.5
14.1
-5.7
334.8
14.3
-13.5
319.6
12.2
-7.3
331.7
14.6
-.2
340.7
15.2
-1.6
347. 1
10.4
.9
351.5
15.7 * Pga. earnings ret. abroad
1.6 ♦ inv. valuation adjustaent
356.2 = Total internal funds ♦ IVA
9
10
11
12
13
14
15
16
17
18
19
169.6
221.2
219.4
217.8
-1.0
2.6
-3.2
5.0
193.4
271.2
249.4
248.5
-1.7
2.6
17.0
4.8
175.4
229.6
244.0
241.1
.5
2.3
-22. 1
7.8
233.2
256.3
251.7
244.3
3.5
3.9
-3. 1
7.8
291.4
367.8
313.5
307.9
.4
5.2
46.4
7.9
289.2
355.6
291.7
284.3
2.5
4.9
57.5
6.4
291.0
364.1
311.1
304.7
1.6
4.8
42.8
10.1
293.6
387.9
320. 1
316.3
-1.7
5.5
60.4
7.4
291.9
363.8
331. 1
326.4
-.9
5.6
25.0
7.7
330.7
369.4
333.2
326.9
•1.0
5.3
34.3
1.9
316.4 Gross investaent
360.3 Capital expenditures (1)
344.3
fixed investaent
338.1
Plant and eguipaent
Bone construction
1. 1
Bulti-faaily residential
5.1
12.3
Inventory change a IVA
3.8
Binecal rts. froa O.S. Govt.
12
13
14
15
16
17
18
19
20
21
-51.6
96.5
-77.9
63.4
-54.2
24. 2
-23. 1
113.3
-76.4
76.2
-66.5
125.0
-73.1
85.9
-94.3
7.8
-71.9
86. 1
-38.7
24.0
-41.9 Net financial investnent
20
Net acg. of financial assets 21
17.7
22
23
24
25
26
12.9
3.8
4.0
6,6
1.1
17.5
-6.8
14.9
*
.5
27.4
0.7
5.3
3.7
-2.5
46.4
-2.6
16.6
11.2
4.8
6.9
-5.6
4.7
—4.6
-4.0
13.8
-3.7
12.0
-5.7
-3.5
18.5
-2.8
-7.9
12.0
-5.4
-33.7
-18.9
5,6
-16.8
-4.4
29.2
3.1
9.2
-7.7
-2.8
-20.8
.2
1.1
5.3
-1.5
-11.8
-15.2
10.3
4.2
-1.0
27
28
29
-.1
-.2
-2.3
-1.1
♦
10.0
4.2
• 1
7.9
5.0
.7
10.7
7.1
-.1
9.4
14.1
-.2
•8
3.5
4
19.5
4*4
.2
—3.8
6.5
-.2
21.1
-12.0
•3
-14.3
-7.9
•2
-2.4
30
31
32
33
34
35
•5
47.4
35.8
21.9
4.9
17.0
2.6
22.5
20.0
13.0
-.5
13.5
.5
— 13.4
9.7
4.7
-2.0
6.7
4.0
54.6
0.2
9.3
-.3
9.6
5.8
38.7
24.8
7.8
-3.2
11.8
5.2
70.3
35.7
17.0
-8.2
25.2
8.8
53.5
5.1
1.8
-7.6
9.4
1.7
28.1
11.8
-2.5
-8.1
5.6
7.4
2.8
46.6
14.8
11.1
3.7
6.4
23.1
15.2
-1.3
-7.4
6.2
4.9
1.6
22.9
-6.5
-12.5
6.0
30
Cogsaner credit
31
Trade credit
32
Biscellaneous assets
foreign dir. invest. (2) 33
34
Eguity, etc.
35
Betained earnings
36
37
38
4.7
V
9.2
3.7
4.1
2.7
.1
2.2
3.4
♦
-4.6
5.1
V
11.9
4.7
*
14.0
5.5
—
-2.2
5.4
8.9
4.8
27.0
4.2
12.2
3.6
•4
25.1
36
Insurance receivables
Eguity in sponsored ags. 37
38
Other
39
40
41
148.1
93.3
12.9
141.3
92.0
-11.5
78.5
83.3
11.4
136.4
82.9
20.3
152.6
104.7
-77.0
191.5
106.2
-63.5
159.0
78.0
-105.5
102.1
76.2
-67.2
158.0
158.6
-71.7
62.7
52.5
-85.0
59.7
44.9
-72.3
42
43
44
80,4
10.9
26.7
103.4
13.4
21.8
71.9
15. 1
18.7
54.6
9.4
16.0
181.7
18.5
42.3
169.7
8.0
19.8
183.5
8.9
28.9
143.4
13.5
49.4
230.3
43.8
70.9
137.5
13.6
54.8
117.2
20.0
66.1
45
46
47
48
2.0
-.8
3.0
-.2
-1.9
-1.4
•8
-1.3
-1.3
•4
-.6
-1.1
2.9
2.8
.0
-.7
.3
.3
.2
-.2
2.4
2.0
.8
-.4
1.1
1.3
.1
-.3
-1.3
-1.4
<2
-.2
-1.0
-.7
-.2
-.1
•5
•8
-.3
•1
•4
.9
-.6
•2
49
50
51
52
53
29.1
4.0
•8
5.5
1.5
42.9
14.7
2.2
9,2
1.2
41.5
-6.1
.7
2.0
1.3
18.9
-.8
-.4
8.9
-.5
77.2
21.7
1.0
19.5
1U
96.5
11.9
7.4
23.7
-.1
92.7
34.9
2.7
13.9
•4
44.4
22.2
.2
11.0
4.0
75.3
17.8
-6.4
29.3
.5
36.2
6.6
7.4
16.7
1.6
12.2
14.4
-2.4
2.9
1.6
54
55
56
57
58
-1.7
39.6
16.9
11.7
5.2
-6.8
30.9
25.2
22.3
2.9
-14.1
-4.6
13.8
16.2
-2.4
5.8
35.8
11.9
11.9
•1
.7
24.7
22.5
18.8
3.7
10.8
61.3
13.2
10.6
2.6
11.5
32.3
37.2
33.2
4.0
-14.3
19.4
20.9
16.2
4.7
-5.2
-14.1
18.8
15.2
3-6
-12.2
11.6
10.9
7.5
3.3
.7
5.2
8.9
5.3
3.6
59
20.0
37.0
58.9
47.3
43.4
30.4
40.7
47.1
55.3
20.8
Liguid assets
Denand dep. and currency
live deposits
Security BP’s
foreign deposits
23
24
25
26
O.S. Govt, securities
Tax exeapt obligations
Coaaercial paper
27
28
29
Bet increase in liabilities
Net fands raised in akts.
Bet aev eguity issues
7.7
69.0
-8.3
71.1
-8.8
58.3
18.8
52.4
14.0
70.6
9. 1
63.6
21.1
64.7
8.7
79.6
16.9
74.5
11.6
79.0
-3.4
64.8
62
63
64
39.6
40.9
78.7
33.3
70.2
94.2
32.5
39.4
20.8
28.4
26.2
67.8
61.1
120.6
146.0
30.3
139.4
211.5
38.9
144.6
188.4
61.6
81.8
86.8
113.7
116.5
97.2
68.9
68.5
67.9
88.5
28.7
34.6
65
66
67
37.6
116.7
36.4
35.9
117.7
38,1
35.8
98.0
31.3
39.0
91.4
21.3
38.5
109.9
49.6
39.4
111.3
47.7
39.4
109.8
50.4
37.0
113.9
37.0
37.9
104.8
63.3
38.4
105.1
37.2
38.7
101.2
32.5
68
69
70
-3.2
-42.9
39.7
17.0
-23.6
40.6
-22.1
-9.5
-12.7
-3.1
-11.2
8.1
46.4
-5.7
52.1
57.5
-13.5
71.0
42.8
-7,3
50.1
60.4
-.2
60.6
25.0
-1.6
26.6
34.3
.9
33.4
71
72
264,1
220.7
294.8
244.1
239. 1
234.0
267.5
276.8
373.5
326.3
369. 1
318.8
371.4
326.8
388.1
326.3
73
43.4
50.7
5.1
-9.2
47.1
50.3
44.6
61.9
Bortgages
Bone aortgages
Bulti-faaily
Coaaercial
45
46
47
48
Bank loaas p.e.c.
Coaaercial paper
Acceptances
finance coapany loans
D.S. Governaent loans
49
50
51
52
53
Profit taxes payable
54
Trade debt
55
fgn.direct invest, in D.S, 56
57
Eguity, etc.
Betained earnings
58
Beaorandaa iteas:
Trade credit net of trade debt
Profits tax paynents
Debt subtotals:
Securities and nortgages
Loans and short-tera paper
Total short-tera liafc. (4)
Per cent ratios:
Bifective tax rate
Capital outlays/internal funds
Cr. nkt. borroving/cap. exp.
(1) Capital outlays on tool fcasis:
12.3 Inventory change, NIPA
1.6 Less: Inv, val. adjustaent
10.7 Inventory change before IVA
368.5
358.7 Total cap. expend, before IVA
365.4
333.6
340.2
338.9 8,S. internal funds, hook
financing gap : Excess of capital expenditures
19.8
over 0. S. internal funds
28.3
31.8
(JJ Industrial reveaue bonds. Issued by state and local governaents
to finance private investnent and secured ia interest and
principal by the industrial user of the funds.
(4) Loans (except nortgages), short-tern paper, profit taxes payable, and
trade debt. Includes loans due in aore than one year and excludes
current satnrities of securities and nortgages.
BILLIONS OP DOLLABS.
11/85 BASBD OB IBCOBPLETE IBPOBBATIOB,
39
46
41
42
43
44
(2) Corporate bonds include net issues by Betberiaads Antilles subsidiaries,
aad O.S..foreign direct investnent is before subtracting reflovs of
capital froa Netherlands Antilles subsidiaries* foreign financing.
22
Debt instruaents
Tax-exeapt debt (3)
Corporate bends (2)
37.8 Discrepancy
60
61
1
2
3
4
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
SEPTEBBEB 23, 1985
State and Local Govts, and foreign
State and Local Govts, and Foreign
Sector Statenents of Saving and Investaent
UBADJUSTED MET FLOWS($ BILL)
UNADJOSTED NET FLOWS(J BILL)
1984
11
1975
111
BILLIONS OF DOLLABS
1976
1977
1978
1979
State and Local Governnents - Gvc&tiL Funds (1)
126,101 130,216 125,576 141,719 134,690 13e,508
93,979 96,386 92,274 105,199 100,742 102,591
10,322 10,534 10,745 10,949 11,175 11,425
21,800 23,296 22,557 25,571 22,773 24,492
237,7
166.3
16.8
54.6
267.8
187. 1
19.5
61.1
297.7
208. 1
22. 1
67.5
327.6
225.7
24.7
77.3
352.0
244.0
27.4
80.5
1
2
3
4
5 Total expenditures, NIA basis 111,244 116,573 121,365 121,511 120,436 126,837
6
Purch. of goods and services 106,511 111,942 116,821 116,727 115,438 121,628
4,784
4,544
4,998
5,209
4,733
4,631
7
Net interest and transfers
232.2
217.2
15.0
251.2
232.9
18.3
269.7
250.4
19.3
297.3
278.3
19.0
321.5
306.0
15.5
5
6
7
1 Total receipts, NIA basis
2
Tax receipts
Social insurance receipts
3
Grants-in-aid received
4
8 Net surplus, NIA basis
9 - Betirenent credit to BB
10 = Gross saving
14,857
8,329
6,528
13,643
8,271
5,372
4,211
12,317
-8,106
20,208
11,719
8,489
14,254
8,733
5,521
11,671
9,850
1,821
5.5
11,3
-5.8
16.6
12.9
3.7
28.0
15.9
12.1
30.3
20.7
9.6
30.4 8
16.2 9
14.2 10
11 Met financial investnent
Net acg. of financial assets
12
13
Denand dep. and currency
14
Tiae deposits
15
Security BP*s
1,501
2,426
495
-1,225
1,079
3,527
11,282
1,408
-17
-984
-1,143
12,153
-2,972
3,575
247
5,826
29,813
4,151
1,071
-1,619
1,364
9,831
-4,041
6,132
859
-66
22,700
3,570
178
-888
-11.3
2.4
•8
-2.0
1.0
-2.6
11. 1
-.9
2. 1
10.3
23.0
•8
7.0
1.0
4.8
23. 1
-1.0
8. 1
2.0
5.3
24.6
-1.5
-1.0
4.0
11
12
13
14
15
3,248
1,361
-613
1,974
499
1,388
11,457
9,989
8,435
1,554
289
1,179
8,180
6,254
4,969
1,285
500
1,426
23,227
21,092
19,937
1,155
416
1,719
8,938
7,600
6,031
1,569
-162
1,500
21,242
19,652
18,460
1,192
90
1,500
1.9
-2. 1
-1.7
-.4
2.4
1.6
7.7
4. 1
2.2
1.9
2.4
1.3
12.4
11.3
9.6
1.7
•6
.6
13.2
11.3
5.7
5.6
-.7
2.5
21.6
15.6
8.7
6.8
-.5
6.5
16
17
18
19
20
21
16
17
18
19
20
21
Credit narket instrunents
U.S. Govt, securities
Treasury issues
Agency issues
Tax exenpt obligations
Mortgages
-1,171
-582
3,123
2,983
-2,057
-1,402
.6
2.2
1.6
•8
925
687
874
-1,754
2,628
-187
7,755
7,517
7,230
458
6,772
287
13,296
13,041
12,100
-521
12,621
941
23,987
23,736
17,036
-1,145
18,181
6,700
8,467
8,203
5,403
-5,268
10,671
2,800
22,766
22,500
19,446
1,604
17,844
3,052
13.6
12.3
12.1
-.3
12.4
.2
13.7
13.2
11.2
-4. 1
15.2
2.0
12.7
12.0
11.8
-2.9
14.7
.2
18.3
16.5
18. 1
.6
17.5
-1.6
29
Trade debt
238
255
238
30 Discrepancy
5,027
1,845 -6,963
(1) Enployee retireaent funds are in insurance sector.
251
2,663
264
4,157
266
1,887
1.3
5.4
•5
6.3
.7
1.9
1.7
4.8
-15,31b -17,465 -28,417 -17,092 -19,576 -27,036
85,378 87,911 86,006 87,176 86,934 83,903
100,694 105,376 114,423 104,268 106,510 110,939
19.9
146.9
127.0
7.7
163.2
155.4
-8.8
176.3
185. 1
-10.3
206.9
217.3
-2.3
261.9
264.2
2
1,904
1,664
4 - Transrers to foreign
1,865
2,167
3,698
2,205
5 - U.S. Govt, interest paid
4,604
£,100
5,012
5,246
5,179
4,713
6 = U.S.current a/c net receipts -21,824 -24,043 -35,596 -26,036 -26,960 -33,800
* Net corporate earnings
3,694
2,556
4,185
2,717
7
3,6^8
4,573
retained abroad
18,130 20,405 33,040 21,851 24,243 29,227
8 - Fgn. current acct. balance
(U.S. balance, sign reversed)
4.0
4.5
11.4
4. 1
4.5
-.9
4. 1
5.5
-18.5
4.5
8.7
-23.6
5. 1
11. 1
-18.4
4
5
6
6.9
-18.3
6.0
-5. 1
4.8
13.6
9.2
14.3
15.5
2.9
7
8
22
23
24
25
26
27
28
Taxes receivable
Net increase in liabilities
Credit narket borrowing
Tax exenpt obligations
Short-tern
Other
U.S. Governnent loans
1.5 22
19.3
17.6
17.4
1.0
16.5
•2
23
24
25
26
27
28
1.6 29
8.9 30
Foreign Sector
1 Net U.S. expert receipts
2
U.S. export receipts
3 - U.S. inport paynents
9 Net financial investnent
10
Net ac_*. of financial assets
11
Geld and SDfi*s (1)
12
U.S. demand deposits
13
U.S. tine deposits
14
Net interbank clains
1
3
13,210
16,478
-218
-136
-759
7,086
22,159
34,940
-276
155
3,371
6,493
21,557
12,769
-268
-412
1,002
1,290
19,946
23,370
-195
2,333
946
-2,371
13,510
16,472
-258
-1,411
593
5,948
23,442
22,410
-177
1,258
-31
9,665
-24.0
5.5
*
-.3
1.5
-9.8
-14.7
25.6
1
3.2
-1.9
-5.7
16.5
40.8
-.2
2.4
-.4
-.7
2.8
58.9
1.2
-.2
1.1
5.7
-24.5
31.7
-. 1
4. 2
1.2
22.3
9
10
11
12
13
14
552
2,818
24
1,522
1,272
-472
8,870
5,190
2,349
1,331
-1,563
7,484
4,005
3,628
-149
-1,211
24,191
17,310
8,881
-2,000
-1,197
2,525
-6,468
10,493
-1,500
-529
19,203
14,351
6,052
-1,200
4.7
6. 1
8.1
•6
-2.6
2.8
15.2
11.6
.9
2.7
2.7
39.6
31.5
3.8
4.4
2.4
33.3
23.5
1.9
7.9
1.7
-4.5
-14.0
2.6
6.9
15
16
17
18
19
777
1,011
-945
-104
-808
-110
. 1
1.6
3.4
1.7
3.0
15
16
17
18
19
U.S. corporate eguities
Credit narket instrunents
U.S. Govt, securities
U.S. corporate bonds (2)
0fen-narket paper
20
21
Secarity ccedit
Trade credit
22
23
24
25
26
Miscellaneous assets
Dir. investnent in U.S.
Equity, etc.
Betained earnings
other
6,3o8
3,305
2,652
653
3,053
15,788
9,289
8,295
994
6,499
6,181
5,228
4,042
1,186
953
-219
4,692
3,804
888
-4,911
11,060
2,713
1,883
630
8,367
-6,889
2,216
1,316
900
-9,105
1.7
2.6
1.4
1.2
—.9
8.8
4.3
2.7
1.7
4.4
-4.3
3.7
2. 1
1.6
-8. 1
12.4
7.9
5.3
2.6
4.5
6.7
11.9
7.9
4. 0
-5.2
27
Net increase in liabilities
U.S. off. fgn. exchange
* net IMF position
U.S. private deposits
3,268
12,781
-8,788
3,424
2,962
-1,032
29.5
40.4
24.3
56.0
56.2 27
729
1,00b
-168
-2,165
37
-430
763
-3,158
-76
-622
295
-2,603
•8
•6
2.5
1.7
.1
1.3
.5
2.4
* 28
6. 1 29
-364
-1, 154
-273
7
12,717
814
729
-9,441
590
716
-405
2,932
1,890
-1,007
584
24
-5,360
1,835
.2
11.3
6.2
.3
19.3
8.6
.4
13.5
5. 1
-.5
33.8
4. 2
• 8 30
20.2 31
3.9 32
2.3
2. 1
-4. 1
4.2
28
29
30
31
32
Foreign corporate egaities
Credit narket instrunents
Corp, and foreign bends
20
.2 21
22
23
24
25
26
33
34
35
36
Bank
Io
To
To
loans n.e.c.
foreign official
foreign banxs
other foreign
-227
104
-1,133
802
-1,950
1,049
-339
-2,660
-3,3/6
-863
-1,429
-1,084
-2,235
-1,163
-246
-826
—2,029
-1,141
-1,204
316
-3,113
-915
-2,101
-97
2.0
.3
1.1
.7
5.6
.9
4.2
.5
J. 1
•1
2.7
.3
19. 1
2. 1
9.5
7.4
37
38
Open-narket paper
U.S. Governaent loans
-2,267
1,613
12,730
1,123
-/,577
922
-1,484
382
-34
472
-4,371
269
.3
2.8
1.9
3.3
2.4
3.0
6.6
3.9
11.2 37
2.9 38
-267
-41b
-59
202
-305
-200
.1
.7
.3
.5
-.3
39
1.5 40
3,318
283
251
5,279
-1,011
6,290
-2,495
2,806
212
614
-1,727
2,341
1,980
376
357
129
-1,241
-2,652
1,411
1,131
5,306
243
-1
3, 103
2,179
924
1,961
3,082
339
72
798
-743
1,54 1
1,873
6,812
296
10
-1,500
-3,000
1,500
£,006
15.6
.7
*
14.0
6.0
8.0
.9
16.3
1. 1
-. 1
11.6
3.9
7.7
3.7
8.4
.7
*
11.5
5. 1
6.4
-3.8
20. 1
.6
.1
15.7
4.4
11.3
3.6
27.6
•8
*
26.6
7.6
19.0
•2
4,9x0
-1,754
11,463
1,905
10,733
5,785
5.7
9.6
-2.9
11.5
27.5 48
39
40
Security debt
Trade debt
41
42
43
44
45
46
47
Miscellaneous liabilities
U.S.eguity in IBAD, etc.
U.S. Govt, deposits
U.S. dir. inv. abroad(2)
Eguity, etc.
Betained earnings
Other
48 Discrepancy
(1) U.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting reflows of
capital iron Netherlands Antilles subsidiaries* foreign financing.
11/85 BASED
OM INCOMPLETE INFOBHATION
33
34
35
36
41
42
43
44
45
46
47
SEPTE JIBES 23, 1985
State and local Govts. aad Foreign
State atd local Govts, aad Foreign
13
Sector Stateaeats of Saving and Investaent
SEASONALLY ADJUSTED AHNOAL SALES
SEASONALLY ADJUSTED ANNUAL BATES
1984
198Q
1981
1982
1983
1984
1
#
II
III
IV
1
1
1985
I
II
State and Local Governaents - General funds (1)
1
2
3
4
386.1
267.7
29.7
88.7
420.0
299.4
32.7
87.9
441.9
322.2
35.8
83.9
478.2
352.9
39.0
86.3
523.6
387.8
42.6
93.2
509.6
377.8
41. 3
90. 6
520.6
385.2
42,1
93.2
524.6
389.5
43.0
92. 1
539.7
396.9
43.8
97.0
545.6
405.8
4#.7
95. 1
557.9 lotal receipts, NIA basis
414. 1
Tax receipts
45.7
Social insurance receipts
96. 1
Grants-in-aid received
1
2
3
4
5
6
7
355.5
14.8
382.4
367.6
14.8
409.0
391.5
17.5
434. 1
415.8
18.3
470.7
452.0
18.7
455. 7
436,8
18.9
466,0
447.4
18.7
477.0
458.9
18.0
484.0
464.8
19.2
491.9
472.0
19.9
507.3 Total expenditures, NIA basis
Purch. of goods add services
46,6.3
Net interest and transfers
21.0
5
6
7
8
9
10
30.6
26.5
4.1
37.6
31.8
5,8
32.9
34.5
-1.6
44. 1
35.8
8.4
52.9
40.6
12.3
53,9
33.3
20,6
54.5
33.1
21.5
47.6
49.3
-1,7
55.6
46.9
8.8
53.7
34.9
18,7
50,6 Net surplus, NIA basis
39.4 - Betireaent credit to HB
11,2 = Gross saving
8
9
10
11
12
13
14
15
-2.9
16.3
-.8
-1.7
*
3.8
-1.6
2.4
2.5
1.3
28.2
-3.7
6.0
.1
7.3
45.8
-3.5
-3.5
3.0
9.7
55.7
3.1
3.4
-1.3
14.7
39.5
9. 1
-12.0
4.3
17.9
37.6
-.8
11.5
-3.9
-1.0
53.0
-5.1
10.5
1.0
7.3
92.5
9.2
3.7
-6.5
16.0
72,8
-9.3
18. 1
3.4
8.1 Net financial investaent
86.6
Net acg. of financial assets
8.3
Deaand dep. and currency
13,0
Tiae deposits
Security BP*s
-3.6
11
12
13
14
15
16
17
18
19
20
21
17.9
7.9
6.5
1.4
.2
9.8
7.5
-.4
-1.0
•6
.1
7.7
27.2
21,7
13.8
7.9
•2
5.2
47.7
41.2
31. 1
10.0
.6
6,0
46.1
38.7
32.7
6.0
1.7
5.7
32.8
25.3
17.4
7.9
2.0
5.6
25.8
19.9
13.7
6.2
1.2
4.7
43.4
35.7
30.6
5. 1
2.0
5.7
82.4
73.9
69.3
4.6
1.7
6.9
58.5
53.2
4,6.9
6.3
-.6
6.0
67.0
60.6
55.9
4.6
.4
6.0
34 0.8
11.7
22
1.1
1.0
-1.4
1.9
4.4
5.3
5.2
3.2
3.8
2. 1
1.8
23
24
25
26
27
28
19.2
17.2
16.3
1.7
14.6
.9
7.9
6.8
5.5
1. 1
4.4
1.2
26.9
25.9
25.0
5.7
19.2
1.0
38, 4
37.6
36.5
—.5
37.0
1. 1
46.0
45,0
37,2
-3.0
40.2
7.7
24.8
23.9
24. 6
1.8
22.8
-.7
19.8
18.8
17.7
-4.4
22.0
1. 1
54.0
52.9
49.2
-4.5
53.6
3.8
85.3
84.3
57.5
-4.8
62.3
26,8
56.8
55.8
44.6
-11.6
56.1
11,2
78.5
77.5
65.3
-.2
65.5
12.2
29
30
2.0
7.0
1.1
2.0
.9
-2.9
.8
1.0
1.0
2.6
1.0
5.9
1.0
3.6
1.0
-.7
------ -- ---------------...----------- ----
1
Foreign Sector
29
30
9.2
341.0
331.8
-23.2
321.2
344.4
-78.3
346.5
424.8
-65,8
342.0
407.8
-70.9
346.2
417. 1
-105.3
349.3
454.5
-71.2
348.5
419.7
-84.9
347.0
431.9
4
5
6
6.3
12.5
—6 .6
6.5
16.8
-5.2
7.5
18. 1
-16.4
8.0
17.7
-48.8
9.6
19.6
-107.5
7.7
18.4
-92.0
7.4
18.9
-97.2
8.8
20.0
-134.1
14.6
21.0
-106.8
9.0
20.7
-114.6
7
8
11.7
-5.1
9.9
-4.7
9.8
6.6
14.9
33.9
14. 1
93.4
14.3
77.7
12.2
65.0
14.6
119.4
15.2
91.6
10.4
104.2
9
10
11
12
13
14
-26.7
29.7
1.1
-27.3
34.2
-.7
-3.8
2.3
-7.0
-24.6
3. 1
-1.4
-3.7
to. 8
-30. 1
29.3
65.3
♦
1.6
.5
20. 1
76.9
87.6
-1.0
1.9
4.6
12.5
74.6
oS. 9
-.9
2.7
-1.3
26. 1
74.3
122.5
-1. 1
-4.0
10.2
18.6
86.0
64. 1
-1. 1
2.5
8.2
5.4
72.7
97.8
— .8
6.6
1.2
-2.1
79.4
66.4
-1.0
-3.4
4.2
26.7
15
16
17
16
19
5.4
23.3
10.7
5.8
16.2
7.0
6.4
•8
3.9
22.8
12.8
10.6
-.5
5.4
27. 1
16.9
4.9
5.4
-2.7
43.4
26.5
16.4
•5
*
17. 8
1.2
6. 1
10.6
-2.3
41.9
26.6
9.4
5.7
-4. 1
32.6
22.2
14.5
-4. 1
-4.3
81.2
55.9
35.5
-10.3
-7. 1
16.0
-25.6
42.0
-.3
-2,5
62.4
62.5
24.2
-4.3
20
21
3.t>
-
.1
-1. 1
.7
3. 1
4.0
-3.8
-.4
-3.2
-.4
22
23
18.3
16.9
11.7
5.2
1.4
21.4
25.2
24
25
26
22,3
2.9
-3.8
4.6
13.8
16.2
-2. 4
-9. 1
11.8
11.9
11.9
.1
-.2
26.1
22.5
18.8
3.7
5.6
16.4
13.2
10. to
2.6
3.2
55.1
37.2
33.2
4.0
17.9
24.5
20.9
16.2
4.7
3.5
16.5
18.8
15.2
3.6
-2.3
34. 2
10.9
7.5
3.3
23.4
27
56.4
61.5
27.9
36.0
10.7
-6.7
46.2
-21.9
25.1
28
29
8.0
2.6
2.1
12.to
3.0
2.4
.5
3.0
1.4
-4.7
2.9
4.0
-.7
-8.7
. 1
-1.7
3. 1
-12.6
30
31
32
2. 1
27.2
.6
.3
27.2
5.4
1.5
15.7
6. 7
4.0
18.9
3.8
1. 1
1.7
4.1
-1.5
-to. 5
-1. 1
*
52.3
3.3
2.9
-38.5
2.4
33
34
35
36
11.5
4.5
4.7
2. j
3.7
•8
-4.5
7.3
-6.2
.♦
.7
-6.8
4.9
3.0
-.9
2.8
-7.8
-.9
-3.1
-3.8
-2.8
.4
-.9
-2.3
-6.4
4.2
-3.7
-6.9
37
38
10. 1
4.7
13.9
4.2
10.7
4.5
6.0
4. 3
1.4
4.0
-9. 1
o.5
39
40
1.7
.2
-2.7
.2
-.5
-1. 1
41
42
43
44
45
46
47
14.7
.7
8. 1
1.3
.4
4.7
-2.0
6.7
1.7
9.4
.7
.1
9.3
—.3
9.6
-.7
11.8
1. 1
.4
7.8
-3.2
11.0
2.6
-6.6
21.9
4.9
17.0
-7.8
19.1
1. 1
-.2
13.0
-.5
13.5
5.2
4
21 .to
22,6
31.3
4.6
16.6
6.2
4.4
-.2
*
BILLIONS OF DOLLABS.
22
Trade debt
1.0
1.1
1.1
2.7
1.5
3. 1 Discrepancy
(1) Eaployee retireaent funds are ia insurance sector.
.........
18.4
357.1
339.0
♦
Taxes receivable
23
24
25
26
27
28
12.2
321.9
309.6
1.2
-23.2
16
17
18
19
20
21
Net increase in liabilities
credit aarket borrowing
Tax exeapt obligations
Short-tera
Other
U.S. Governaeut loans
3
2
Credit market instruaents
U.S. Govt, securities
treasury issues
Agency issues
Tax exeapt obligations
Nortgages
— 109.1 Net U.s. export receipts
330.1
U.S. export receipts
439.2 - U.S. iaport payaents
1
2
3
6.6 - Transfers to foreign
20.4 - U.S. Govt, interest paid
-136.1 = U.S.current a/c net receipts
* Net corporate earnings
15.7
retained abroad
120.4 = Fgn. current acct. balance
(U.S. balance, sign reversed)
4
5
6
75.2 Net financial investaent
67.0
Net acg. of financial assets
-.7
Gold and SDfi*s (1)
1.4
U.S. deaand deposits
-3.9
U.S. tiae deposits
27.9
Net interbank claims
9
10
11
12
13
14
U.S. corporate eguities
Credit market instruments
U.S. Govt, securities
U.S. corporate bonds (2)
Cpen-aarket paper
15
16
17
18
19
Security credit
Trade credit
20
21
-3 7. 1
8.9
5.3
3.to
-4t.O
Biscelianeous assets
Dir. investaect in U.S.
Eguity, etc.
Betained earnings
ether
22
-13. 1
-8.2
-.3
-2.5
1.2
-10.4
Net increase in liabilities
U.S. oft. tgn. exchange
* net INF position
U.S. private depcsits
2.9
-.4
11.7
7.6
-8.1
2.3
.1
-20.2
7.3
-14.2
-3.5
—6. 1
-4.6
-7.8
-4.7
-1.9
-1.2
-12.2
-4.6
-2.5
-5.1
-11.2
-3.7
-10.9
3.3
tank
Tc
To
£0
loans n.e.c.
foreign official
foreign banks
othec foreign
33
34
35
36
50.9
4.5
-30.3
3.7
-5.9
1.5
-.1
1.9
-17.5
1.2
Cpen-aarxet paper
U.S. Governaent loans
37
38
-1.7
-.2
•8
-1.2
-.8
1. 1
1.0
17.0
-8.2
25.2
-25.7
6.9
•8
1.8
-7.6
9.4
4.2
15.5
1.4
.5
-2.5
—8. 1
5.6
16.0
31.5
1.0
*
14.8
11. 1
3.7
15.7
-8.5
1.4
.3
-1.3
-7.4
6.2
-8.9
21.9
1.2
*
-6.5
-12.5
6.0
27.2
3. 1
10.7
33.4
19.0
24.8
-
23
24
25
26
27
28
29
Foreign corporate eguities 30
Credit aarket instruaents 31
Corp, aad foreign bonus 32
Security debt
Trade debt
39
40
Biscelianeous liabilities
U.S.eguity in ItttB, etc.
U.S. Govt, depcsits
U.S. dir. inv. abroad(2)
Eguity, etc.
Betained earnings
ether
41
42
43
44
45
46
47
45.2 Discrepancy
(1) U.S. net sales, sign reversed.
12) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is netore subtracting reflows ot
capital froa Netherlands Antilles subsidiaries* foreign financing.
11/85 BASED ON INCOBPLETE INFOBBAIION,
7
8
48
SEPTEHBEB 23, 1985
U.S. Governaent and Credit Agencies
U.S. Governaent and Credit Agencies
14
Sector Stateaents of Saving and Investaent
UHAOJOSTEO HET FLOWS($ HILL)
UHAOJOSTEO HET FLOWS(S HILL)
1984
I
II
III
IV
J
i
1985
I
II
1975
BILLIOHS OF OCLLABS
1977
1976
1978
1979
O.S. ciovernaent
1 Total receipts, HIA basis
Personal taxes
2
3
Corp, profits tax accruals
4
Indirect taxes
Social insurance receipts
5
171,720 184,563 177,992 170,420 195,027 188,591
69,707 80,611 84,409 80,233 86,031 78,884
17,865
17,111 19,886 16,562 17,205 15,598
15,696
13,507 14,419 14,050 13,550 14,211
71,395 69,647 62.971 59,432 79,187 76,146
287.3
125.8
43.6
23.9
94. 1
331.8
147.3
54.6
23.4
106.5
375.2
170. 1
61.6
25.0
118.5
431.6
194.9
71.3
28. 1
137.2
493.6
230.6
74.2
29.4
159.5
1
2
3
4
5
6 Total expenditures, HIA basis
Goods and services
7
8
Transfers, etc.
Het interest
9
213,974 216,627 218,079 231,860 236,806 236,089
67,643 72,274 74,076 81,420 80,855 79,036
119,433 116,612 113.742 118,618 123,965 123,942
26,898 27,741 30,261 31,822 31,986 33,111
356.6
122.7
210.8
23.1
384. 8
129.2
228.9
26.8
421. 1
143.4
248.5
29. 1
461.0
153.6
272.3
35.2
509.7
168. 3
299.0
42.4
6
7
8
9
-42,254 -32,064 -40,087 -61,440 -41,779 -47,498
3,431
3,898 13,269
3,120 -2,434
-2,101
-40,153 -35,962 -53,356 -64,560 -39,345 -50,929
1,925
480
943
1,605
2,520
1,852
-38,548 -33,442 -51,504 -62,635 -38,865 -49,986
-69.3
3.8
-73. 1
1.3
-71.8
-53. 1
4.7
-57.8
4. 0
-53.8
-45. 9
6.6
-52.5
2.5
-50. 1
-29.5
7.2
-36.7
2.0
-34.7
-16. 1
8.2
-24.3
4.7
-19.5
10
11
12
13
14
-46,643 -35,983 -49,712 -64,965 -46,857 -49,901
15 Het financial investaent
9,867
566
2,090
16
1,232 19.180 -2,092
Het acg. of finaacial assets
307
516
-215
17
Gold, SDB*s ♦ fgn. exch.
412
903
621
Deaand deposits ♦ currency
1,937
255
15,885 -12,693 -4,449
9,855
18
25
269
-69
431
19
Tiae deposits
140
98
-74.4
16.4
.7
2.7
. 1
-58.6
21.3
2.5
3.8
.2
-55.8
8. 6
•4
-.5
• 1
-38.6
24.8
-2.3
3.7
• 1
-25.5
21. 4
-.6
.2
.1
15
16
17
18
19
19.0
6. 6
12.4
20
21
22
23
10
11
12
13
14
Net surplus, HIA basis
• Insurance credits to hh
= Gross saving
♦ Hineral rights sales (1)
= Honfinancial surplus
20
21
22
23
Credit aarket instruaents
Fed. agency securities
Hortgages
Other loans
1,647
-320
1,967
2,847
243
2,604
3,154
-1,031
4,185
9,531
1,577
7,954
4,280
201
4,079
-1,259
-5,734
4,475
13.4
6.5
6.9
7.9
.4
7.5
10.0
4.2
5.8
17.1
4.2
12.8
24
25
26
Taxes receivable
Trade credit
Hiscellaneous
3,669
1,319
534
-4,804
2,285
212
—2,221
1,262
486
-560
216
242
-1,469
2,077
411
—6,669
-881
306
-2.3
1.2
.7
5.6
.5
1.0
-1.4
-.8
.7
2.8
2.7
.8
-.5 24
2.4 25
.8 26
56,510
174
37.215
155
68,892
83
62,873
141
47,423
277
51,991
18
90.9
•9
80.0
1.2
64.4
.3
63.5
.5
46.9 27
1.6 28
37.4
-.8
39.6
-1.4
27
28
Net increase in liabilities
Treasury curr. ♦ SDB ctfs.
29
30
31
32
Credit aarket instruaents
Savings boads
Other Treasury issues
Agency issues and atgs.
49,427
764
48,737
-74
31,166
688
30,514
-36
54,048
761
53,322
-35
64,161
817
63,366
-22
41,827
928
40,938
-39
45,224
1,254
43,998
-28
85.4
4.0
81.8
-.4
69.0
4.7
64.5
-. 1
56.8
4.7
52.9
-.9
53.7
3.9
51.2
-1.4
33
34
35
Life ♦ retireaent reserves
Trade debt
Hiscellaneous
-2,101
1,601
7,409
3,898
804
1,192
13,269
493
999
3,120
175
-4,724
-2,434
1,167
6,586
3,431
1,068
2,250
3.8
1.4
-.7
4.7
4. 1
.9
6.6
1.6
-. 9
7.2
2.3
-.3
8,095
2,541
-1,792
2,330
7,992
-85
2.7
4.8
5.8
3.9
6.0 36
13,442
24,690
18,783
17,765
17,067
24,534
45.9
49.0
63.0
68.5
74.7 37
36 Discrepancy
37 Memo: Corp, tax receipts, net
29
30
31
32
8.2 33
1.0 34
-1.3 35
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Hortgage Pools
Sponsored credit agencies
331
312
305
288
278
264
•6
.6
.7
1.0
1.2
1
2 Het acg. of financial assets
3
Deaand deposits and currency
4
Fed. funds ♦ security BP’s
5,590
-1
710
12,031
-101
-533
14,862
289
7,425
9,053
394
1,741
2,80 8
-402
-2,447
13,851
203
4,157
5.2
*
-.3
4.4
7.7
. 1
.2
28.6
31. 1
.2
.6
2
3
4
5
6
7
8
Credit aarket instruaents
U.S. Governaent securities
Open-aarket paper
Student loans (SLHA)
4,043
440
—29
190
12,255
982
-135
856
0,222
-3,195
-167
523
6,286
2,374
231
368
5,233
245
-157
361
10,264
2,887
-96
767
4.5
1.5
. 1
-
4.7
1.5
6.4
-3.8
•2
. 1
26.7
.6
-1.2
30.0
•2
. 1
.6
5
6
7
8
9
10
11
Housing credit
Besidential aortgages
FHLB loans to s*i assns.
2,714
4,059
-1,345
10,638
2,387
8,251
8,729
1,583
7,140
5,664
4,048
1,616
5,260
5,190
70
6,741
3,803
4,938
-1.2
2.8
-4.0
-1.0
.4
-2.0
4.9
.5
4.3
21.5
9.0
12.5
728
92
977
-341
838
-86
282
-966
598
410
332
224
-394
502
926
-2,351
-340
-29
-1,982
632
-476
-147
139
-468
424
-2,035
-439
-839
-757
-773
4. 1
2.0
•4
1. 1
1.0
4.8
2.5
1.0
1.3
-. 5
5.0
2.9
•6
1.4
1.0
5.4
3.2
.7
1.5
.4
10. 5
5. 1
2. 1
3.3
.4
12
13
14
15
16
5,279
5,543
5,543
-264
11,899
9,045
9,045
2,854
14,608
12,456
12,456
2,152
8,883
3,386
3,386
—
5,497
2,562
3,922
3,922
—
-1,360
13,563
8,804
e,804
4,759
4.9
J. 2
2.3
.9
1.7
4. 1
2. 1
2.5
-.4
2.0
7.3
5.9
7.0
-1. 1
1.4
28.1
23.5
23. 1
.4
4.6
30. O
24.8
24.3
.6
5.7
17
18
19
20
21
20
180
51
118
32
-24
.3
.3
.4
.5
23 Het acg. of aortgages
Hoae aortgages
24
25
Hulti-faaily aortgages
26
Fara aortgages
11,124
10,993
133
-2
7,680
7,230
488
-38
12,194
11,499
427
268
13,449
13,692
17
-260
15,046
14,143
90 3
-
23,282
20,313
1,328
1,641
7. 1
7.3
•4
-.6
12. 2
11.9
•5
-.2
16. 1
15.7
.9
-.5
13.6
12.4
1.5
-.3
23. 1
21.8
1.2
. 1
27 Net incr. in pool securities
11,124
7,680
12,194
13,449
15,046
23,282
7. 1
12. 2
16. 1
13.6
23. 1 27
Heno: Totals for agencies and pools
Housing credit
13,840
726
Loans to agriculture
18,356
-124
20,655
600
19,373
-2,611
20,306
-476
30,382
-394
6.5
J.5
10. 8
4.6
21.5
4.5
35. 4
5. 1
41.5 28
10.6 29
16,667
16,725
24,650
16,835
18,968
32,066
9.4
14.6
23. 1
36.7
47.3 30
1 Current surplus
12
13
14
15
16
Loans to agriculture
Fara aortgages
Loans to coops (BC)
Loans to faraers (FICB)
Hiscellaneous assets
17 Net increase in liabilities
Credit aarket instruaents
18
Sponsored agency issues
19
U.S. Governaent loans
20
Hiscellaneous liabilities
21
22 Discrepancy
♦
.3
-
♦
1. 4
.4
18.5 9
9.4 10
9.2 11
.6 22
Federally related aortgage pools (1)
28
29
30 Net security issues
(1) GHHA, FNHA, FHLHC, and Faraers Hoae Adainistration pools.
Excludes
Federal Financing Bank holdings of pool securities, vhich are in
FRASER U.s. Governaent aortgages and other loans directly.
Digitized for
http://fraser.stlouisfed.org/
11/85 BASED OH IHCOHPLETE
Federal Reserve Bank of St. Louis
INFOBHATION
23
24
25
26
SEPTEMBER 23, 1985
O.S. Governnent and Credit Agencies
O.S. Government and Credit Agencies
Sector Statenents of Saving and investnent
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL RATES
1984
1960
1981
1982
1983
1984
x
1
1985
II
III
IV
J
21
I
U.S. Governnent
1
2
3
4
5
540.9
257.7
70.3
39.0
173.9
62 4.8
298.7
65.7
56.4
204.1
616.7
306. 2
46.6
48.4
215.5
641. 1
295.2
59.8
52.4
233.7
704.7
315.0
70.8
55.5
263.4
686.4
301.6
73.0
54. 1
257.6
704.3
310.7
75.6
55.9
262.0
706.2
319.7
65.3
56. 1
265.2
721.9
327.9
69.1
55.9
269.0
771.4
362.2
67.4
56.4
285.3
734.7 Total receipts* NIA basis
Personal taxes
318.3
66.9
Corp, profits tax accruals
60.7
Indirect taxes
288.8
Social insurance receipts
3
4
5
6
7
8
9
602.1
197.0
351.7
53.4
689.1
228.9
387.0
73.3
764.9
258.9
421.6
84.4
819.7
269.7
455.8
94.2
880.5
295.4
468.4
116.7
847.6
267.6
472. 4
107.6
868.0
296.4
460.7
110.9
886.8
302.0
462.9
122.0
919.7
315.7
477.6
126.4
936.5
319.9
488.4
128.2
945.5 Total expenditures* NIA basis
Goods and services
323.8
488.9
Transfers* etc.
Net interest
132.8
6
7
8
9
10
11
12
13
14
-61.2
8.8
-70.0
5.0
-65.0
-64.3
10.0
-74.4
4.8
-69.5
-148.2
11.9
-160. 1
7.8
-152.3
-178.6
14.2
-192.9
7. 8
-185. 1
-175.8
18.2
-194.0
7.9
-186. 1
-161.3
13. 1
-174.4
6.4
-167.9
-163.7
19.6
-183.3
10. 1
-173.2
-180.6
19.2
-199.8
7.4
-192.4
-197.8
20.9
-218.7
7.7
-211.0
-165. 1
12.6
-177.7
1.9
-175.7
-210.8
17.6
-228.4
3.8
-224.6
15
16
17
18
19
-64.6
24.2
4.3
-3.0
— .2
-79.1
21.3
2.8
1.2
-.1
-155.6
21.2
3.8
7.1
.5
-194.2
12. 1
2.7
-8. 1
-.5
-197.3
28.2
2.5
5.4
.5
-189.4
32.8
2.5
9.0
•6
-172.2
28.6
1.6
1.7
•<
-204. 1
15.9
2. 1
12.7
.4
-223.4
35.4
3.6
-1.8
1.1
-196.8
-6.2
-.9
-19.1
-.3
-212.6 Net financial investnent
36.6
Net acg. of financial assets
Gold* SDR’s ♦ fgn. exch.
1.2
Deaand deposits ♦ currency
46.5
Tine deposits
1.7
20
21
22
23
23.7
7.5
16.2
24.0
4.9
19.1
15.9
2.4
13.6
9.7
1.2
8.5
17.2
.5
16.7
7.8
-.3
8. 1
8.0
.3
7.6
12.4
-4.3
16.7
40.5
6.2
34.4
18.7
2.0
16.8
-8.3
-23.6
15.3
24
25
26
-4.8
3.8
.5
-10.0
2.5
.9
-12.6
4.8
1.6
3.7
3.8
.7
-3.9
5. 1
1.5
5.5
5.3
2. 1
7.2
9.1
•8
-18.6
5.0
1.9
-9.9
.9
1.0
-14.7
8.3
1.6
-2.3
-3.5
1.2
27
28
88.7
1.3
100.4
1.2
176.8
1.7
206.3
.5
225.5
.6
222.3
.7
200.8
.6
220.0
.3
258.8
•6
190.6
1.1
249.2
•1
29
30
31
32
79.2
-7.3
87. 1
-.6
87.4
-4.3
92.2
-.5
161.3
•2
162.0
-.9
186.6
3.1
183.5
-. 1
198.8
3.0
195.9
-.2
173.5
4.7
169. 1
-.3
171.9
2.7
169.4
1
194.9
2.7
192.3
-. 1
254.9
2.0
253.0
-.1
147.1
5.2
142.0
—.2
217.5
4.9
212.8
-. 1
33
34
35
8.8
1.4
-1.9
10.0
.7
1.0
11.9
1.8
14.2
3.0
2.0
18.2
3.1
4.9
13. 1
5.4
29.6
19.6
4.0
4.8
19.2
1.6
4.0
20.9
1.4
-18.9
12.6
3.5
26.3
17.6
5.0
9.0
36
-.5
9.6
3.3
9. 1
11.2
21.5
-1.0
11.7
12.5
21. 1
37
75.1
75.7
59.2
56. 1
74.7
67.5
68.4
83.9
79.0
82.1
.2
Net surplus* NIA basis
- Insurance credits to hh
= Gross saving
♦ Mineral rights sales (1)
= Nonfinancial surplus
1
2
10
11
12
13
14
15
16
17
18
19
Credit aarket instruaents
fed. agency securities
Bortgages
Cther loans
20
21
22
23
Taxes receivable
Trade credit
Miscellaneous
24
25
26
Net increase in liabilities 27
Treasury curr. * SDR ctfs. 28
Credit narket instrunents
Savings bonds
Cther Treasury issues
Agency issues and ntgs.
29
30
31
32
Life ♦ retirement reserves 33
34
Trade debt
35
Miscellaneous
-12.0 Discrepancy
69.2 Meno: Corp, tax receipts* net
36
37
(D Sales of Outer Continental Shelf leases.
_______ ________ - ..... -......., v
__ r____r___r___ r_ _________ _______
Federally Sponsored Credit Agencies and Mortgage Pools
——
________
Sponsored credit agencies
1
1.4
1.2
1.9
1.5
1.2
1.3
1.2
1.2
1.2
1.1
2
3
4
29.5
#
1.8
37.6
.2
3.5
22.4
-.2
5.4
2.0
.2
-2.3
41.5
.6
9.3
33.8
•4
2.8
40.7
♦
-2. 1
48. 1
1.0
29.7
43.5
1.0
7.0
23.6
-1.2
-9.8
47. 1 Net acg. of financial assets
1.3
Denand deposits and currency
Fed. funds ♦ security RP’s
16.6
2
3
4
5
6
7
8
2b.4
.7
♦
1.1
33.2
.4
.3
2.2
16.0
1.4
-.3
1.6
3.4
-1.3
.4
1.5
28.8
.6
-.1
1.9
27. 5
1.5
1
•8
40.2
5.8
-.5
3.4
14.1
-19.4
-.7
2.1
33.4
14.6
.9
1.5
33.4
1.0
-.6
1.4
31.3
13.7
-.4
3. 1
Credit narket instrunents
U.S. Governnent securities
Open-narket paper
Student loans (SLMA)
5
6
7
8
9
10
11
14.9
7.8
7.1
21.2
5.0
16.2
11.0
10.2
.8
2.2
9.3
-7.0
27.7
12. 1
15.7
24.2
17.0
7.2
34.7
10.1
24.5
31.5
7.0
24.5
20.6
14.2
6.4
35.1
21.8
13.3
25.7
15.7
10.0
9.7
9. 1
7.7
-.3
1.8
.7
2.2
3.9
-. 8
-. 8
1. 1
•6
1. 1
.9
-1.3
.7
-1.4
•3
-.4
-1.2
2.8
1. 1
.4
1.2
-. 4
3. 1
-3. 1
.4
-.5
-3.0
2.6
.6
1.0
-.6
.2
3.4
-4. 1
-.7
-1.7
-1.7
2.1
-3.5
-.5
-2.4
-.6
1.3
-10.8
-2.5
.2
-8.5
-2.1
21.3
15.3
14. 9
.4
5.9
1.2
1.4
1.4
-.2
40.7
30.4
30.4
10.2
32.9
30.9
30.9
—
2.0
40.7
28.9
28.9
11.8
47.4
40.3
40.3
7.0
41.7
21.6
21.6
20.2
23.0
25.1
25. 1
—
-2.2
•8
.7
•4
.4
1.2
.5
-.6
.5
12
13
14
15
16
6.4
1.5
1.9
1.3
29.2
17
18
19
20
21
25.b
24.4
1.2
3.6
37. 1
32.4
30.5
1.9
4.7
22
1.1
.7
1.1 Current surplus
1
Housing credit
9
10
Residential aortgages
EHLB loans to s+l assns. 11
Loans to agriculture
Farn aortgages
Loans to coops (BC)
Loans to farmers (flCfi)
Miscellaneous assets
46.4 Net increase in liabilities
2 7.1
Credit aarket instruments
27.1
Sponsored agency issues
U.S. Governnent loans
19.3
Miscellaneous liabilities
• 4 Discrepancy
12
13
14
15
16
17
18
19
20
21
22
Federally related nortgage pools (1)
23
2H
2
66. 4
65.2
1.2
*
44.4
43.4
1. 1
♦
43. 2
42.7
.5
*
36.2
34.4
2.0
-.2
47.0
44.2
1.7
1. 1
51.4
52.4
.1
-1.0
58.6
55.0
3.6
-
99.2 Net acg. of aortgages
Hone aortgages
87.4
Multi-faaily aortgages
5.3
Fara mortgages
6. 6
23
24
25
26
15.0
49.5
66.4
44. 4
43.2
36.2
47.0
51.4
58.6
99.2 Net incr. in pool securities
27
34.3
9.5
36.3
9.0
60.7
2. 1
68. 7
.6
72.2
-1.4
67.5
1. 1
71.0
-3.3
77.4
1.6
73.0
-5.2
93.6
-3.5
Heno: Totals lor agencies and pools
Housing credit
118.4
Loans to agriculture
-4.2
28
29
43.6
45.5
64.5
67.8
74.9
74. 1
65.1
87.3
73.0
83.7
25
26
19.2
18.7
.7
-.2
15.0
14.3
.9
1
49.5
49.3
.4
27
19.2
28
29
30
BILLIONS Of DOLLARS.
126.3 Net security issues
(1) GNMA* FNMA* FHLMC* and Earners Hoae Administration pools.
Excludes
Federal Financing Bank holdings ot pool securities* which are in
O.S. Government nortgages and other loans directly.
11/85 BASED ON INCOMPLETE INFORMATION
30
SEPTEMBER 23, 1985
Banking Systen
tanking Systea
16
Sector Stateaents of Saving and investaent
UMADJUSTED MET I10MS(S HILL)
UMADJUSTED MET FLOSS($ BILL)
19 8*
I
II
IV
111
1
i
BILLIOBS OP DCLLABS
1985
II
1
1975
1976
1977
1978
1979
Monetary Authority
220
251
315
363
417
470
.2
4
.2
.7
.2
1
-2,132
326
157
-776
-22
5,081
-304
224
-1,442
3,864
7,714
-211
124
—
944
1,873
3,926
55
181
—
566
-3,056
-1,502
397
170
-557
-995
6,913
165
195
—
-36
-1,244
11.3
.1
1.0
. 1
1.7
-. 1
9.7
.1
•6
•7
-1. 1
-.2
8.5
4
.5
• 1
1.2
.2
13.3
1.6
.5
«1
2.7
.9
10.9
.7
1.3
.5
.3
.3
2
3
4
5
6
7
*1,841
-1,423
-1,128
-295
-418
—
24
1,988
1,988
2,045
-57
—
751
2,151
2,151
2,159
-8
*
2,833
6,116
6,116
5,832
284
—
64
-272
-272
133
-405
-245
€,058
€,058
€,127
-69
—
-225
8.5
8.4
7.4
1.0
.1
4
9.8
10.0
9. 1
•9
1
—
-.2
7.1
7.2
5.8
1.4
4
—
-.6
7.0
7.3
7.7
-.4
-.4
—
.5
7.7
7.6
6.9
.7
.1
•2
8
9
10
11
12
13
14
-2,352
721
-3,663
4,830
-1,915
740
7,399
3,360
272
3,563
-1,793
5,893
-1,919
5,178
-6,180
6,443
239
764
11.1
.2
•6
9.7
-.9
-. 1
8.3
1.7
1.8
12.6
4.4
1.5
576
63
48
465
14
6,229
733
-97
5,593
-224
4,031
4,059
-26
-2
-264
-551
-3,150
36
2,563
14
-660
-2,212
-28
1,580
-257
6,243
259
45
5,939
-803
10.7
4.5
«
6.3
-.4
10.6
3. 1
•2
7.4
• 1
4.8
-3.3
4
8.2
4
6.3
-3.1
.1
9.3
•4
1 Current surplus
2 Met acg. of financial assets
Gold and foreign exchange
3
4
Treasury currency
5
SDB certificates
Federal Beserve float
6
7
F.B. loans to donestic banks
8
9
10
11
12
13
14
Credit aarket instruaents
U.S. Governaent securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Miscellaneous assets
15 Met increase in liabilities
16
Menher bank reserves
17
Vault cash of coal, banks
18
19
20
21
22
Deaand deposits and currency
Due to U.S. Governaent
Due to foreign
Currency ontside banks
Miscellaneous liabilities
. . n ,------------■ -P--- -—————— ——— ________H—— —
Coaaercial Eanking (1)
_„
1 Current surplus
2 Plant and eguipnent
3 Met acg. of financial assets
10.7 15
-1.4 16
3.0 17
8.2
.1
. 1
8.0
.9
18
19
20
21
22
________>—
4,380
3,710
3,461
3,878
2,714
3,862
2,676
3,564
4,405
3,804
4,329
3,574
4.3
2.3
4.5
4.1
5.3
6.7
6.7
9.5
7.9
10.8
1
2
4
Denand deposits and currency
34,459
625
59,803
651
32,494
681
72,775
708
9,664
737
55,394
765
34.5
• 1
71.3
-.2
97.6
.5
143.6
.3
134.6
.7
3
4
5
6
7
8
Total bank credit
U.S. Govt, securities
Treasury issues
Agency issues
37,794
7,333
8,763
-1,430
46,244
-7,185
-7,303
118
36,259
397
-460
857
67,366
749
1,549
-800
13,650
10,764
11,263
-499
47,166
5,715
5,564
151
31.5
30.0
28.6
1.4
66.5
20.2
18.7
1.5
90.0
-1. 1
-1.9
•8
125.7
.5
-6.5
7.0
122.2
7.9
•4
7.6
5
6
7
8
-611
2,013
-338
497
5,484
1,543
7,926
693
-4,783
738
779
4,445
1.8
1.8
3.0
-.6
9.2
*
9.6
-.3
29,057
8,996
6,087
15,590
-685
-931
53,270
12,605
16,229
23,591
1,996
-1,151
28,839
11,432
12,548
3,739
332
788
58,069
11,525
11,102
29,658
-1,304
7,088
6,666
€,763
9,116
-4,909
-2,407
-3,697
36,227
12,311
12,784
3,942
579
€,611
—2. 1
3.8
3. 1
-12. 1
1. 1
2. 1
43.8
15. 1
12.0
6. 4
3.7
6.6
82.0
27.4
22.3
29.9
.3
2.2
115.9
35. 1
26.2
58.8
-1.3
-2.9
-4
-71
65
*
♦
*
*
* 17
3,632
-8,078
4,100
601
-1,002
-3,521
1,003
€,460
•8
2.0
-1.0
6. 1
3.5
3.5
5.9
11.8
1.6 18
10. 1 19
72,871
7,491
30,602 -29,253
-9,172 -1,907
2,297 -1,383
37,677 -25,963
55,035
27,335
10,618
1,213
15,504
32. b
7.6
-1.7
-.3
9.b
69.6
13. 4
-. 1
3.0
10.4
92.9
24.5
4.3
2.4
17.8
138.2
25.4
6.8
-.3
18.9
9
10
Tax-exenpt Obligations
Corporate bonds
11
12
13
14
15
16
Total loans
Bortgages
Consuner credit
Bank loans n.e.c.
Open-aarket paper
Security credit
17
18
19
Corporate eguities
Vault cash ♦ nen. bank res.
Hiscellaneous assets
20 Met increase in liabilities
21
Checkable deposits
U.S. Governnent
22
23
foreign
24
Private donestic
2
-
-2,942
-1,018
-1,175
14,083
32,704
-5,970
1,519
-184
-7,305
59,041 29,934
2,750
1,612
-1,000 12,678
252
-386
3,498 -10,680
-
9.5 9
-. 1 10
104.8
30.6
19.9
52.9
2.2
-.9
128.0
26. 4
.4
4. 1
21.8
11
12
13
14
15
16
20
21
22
23
24
25
Snail tine and savings dep.
13,313
18,80b
12,486
29,978
24,999
23,967
39.9
54.6
28.2
13.2
29.5 25
26
27
Large tine deposits
Fed. funds and security BP's
-5,177
6,258
18,474
-9, 6bb
6,597
1,999
5,961
-1,110
-3,837 -11,815
3,666 -2,230
-9.9
3.5
-15.3
13.6
2b. 0
9.0
48.6
19.5
13.8 26
15.6 27
28
29
30
31
Met interbank claias
To federal Beserve
Io donestic banks (2)
To foreign banks
17,798
-798
11,510
7,086
12,670
2,422
3,755
6,493
6,030
2,817
1,923
1,290
-2,931
-2,490
1,930
-2,371
8,372
-1,552
3,976
5,948
13,566
-1,280
5,161
9,685
-11.9
1.6
-3.8
-9.8
-7.8
-1.3
-.9
-5.7
-4.6
1.4
-5.4
-.7
10. 1
3.6
.8
5.7
21. 1 28
29
-1.7 30
22.3 31
32
33
34
35
Corporate eguity issues
Credit narket debt
Corporate bonds
Open-narket paper
195
4,001
624
3,377
202
8,037
3,517
4,520
209
-2,257
500
-2,757
216
4,704
3,570
1,134
223
4,275
2,918
1,357
230
3,466
3,599
-133
1.0
.8
.5
.3
1.6
6. 1
6.9
—.8
•6
2.5
1.3
1.3
1. 1
7.3
.6
6.7
36
37
Profit taxes payable
Miscellaneous liabilities
2,286
-3
7,771
4
3,254
4
5,247
15
-969
18
498
—.3
2. 1
3.4
.2
6.7
. 1
12.9
.5 36
13.2 37
38 Discrepancy
-1,085
-1,179
-3,708
-792
-1,772
396
.1
-1.4
-6. 1
-8. 2
-9.5 38
39 Meno:
38,723
47,395
35,475
60,349
17,282
40,555
29.5
59.8
87.8
128.5
123. 1 39
Credit nkt. funds adv.
(1) Consists of 0.S.-chartered coaaercial banks, their doaestic affiliates,
Edge Act corporations, agencies and branches of foreign banks, and banks
in U.S. possessions. Edge Act corporations and offices of foreign banks
appear together in these tables as "foreign banking offices."
(2) Floats and discrepancies in interbank deposits and loans.
11/85 BASED OM INCOMPLETE IMFOBBATIOM
1.3
6.7
2. 1
4.5
32
33
34
35
SEPTEMBER 23, 1985
Banking Systea
Banking Systea
17
Sector Stateaents of Saviag and Investaent
SEASOBALLY ADJUSTED ABBOAL BATES
SEASOMALLI ADJUSTED ABBUAL SATES
J
1980
1981
1982
1983
1984
1984
II
I
1
J
IV
III
Bonetary Authority
__________ ________
—— _ W1.
1
1985
I
II
wr» wtw.w ■■■ ■■■ »-
Til-— ■
1
.2
•4
. 1
.5
1.1
.9
1.0
1.3
1.5
1.7
2
3
4
5
8
7
7.1
2.6
.7
.7
-2.3
•4
8.2
9.4
-2.1
.7
—
-1.2
•2
14.6
.7
•8
-2.7
-.2
12.4
•6
•6
1.3
1.0
-.9
15. 1
1.3
♦6
.2
-2.0
19.5
-1.2
.9
—
-4.9
12.8
15.9
-.8
.5
—
6.3
7.7
7.8
•2
.7
—
-4.4
-7.9
17.4
1.6
.7
—
.3
-6. 1
27.4 Bet acg. of financial assets
.7
Gold and foreign exchange
Treasury currency
•8
—
SDB certificates
1.1
Federal Beserve float
F.B. loans to doaestic hanks
-8.2
2
3
4
5
6
7
8
9
10
11
12
13
14
4.5
4.4
3.9
•6
•1
—
.5
9.2
9.8
9.6
.1
-.6
.5
9.8
8.5
8.4
. 1
1.3
—
♦
10.9
12.0
12.6
-.7
-1. 1
1.0
8.4
8.8
8.9
-.1
-.4
3.7
14.9
15.0
16.2
-1.2
-9.0
-7.4
-7.4
• 1
8.9
8.7
8.9
-.2
.2
—
3.0
. -1.6
11.3
18.9
19.1
17.9
1.1
-.2
—
•3
22.0
20.4
22.0
-1.6
1.6
—
-1.0
33.8
33.5
33.7
-.3
.4
-.9
Credit narket instrunents
U.S. Governaent securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Biscellaaeous assets
8
9
10
11
12
13
14
15
16
17
6.9
-2.3
1.3
7.8
-2.2
-1.2
12.2
1.3
.9
8.9
-5.0
1.5
13. 4
•4
3.2
14.3
1.7
-4.6
18.5
7.0
-4.3
14.7
5.4
4.8
6.4
-12.7
17.0
15.8
19.7
-15.0
18
19
20
21
22
9.0
-1.1
-.2
tO.3
-1.1
10.9
1.2
.1
9.5
.3
10.2
.7
-.2
9.7
-.1
13.0
-1.3
4
14.3
-.5
10.3
1.7
17. 1
3.6
43
13. 1
16.2
-2.0
-.4
18.6
-.5
5.8
2.6
-.1
3.3
-1.4
2.0
2.5
12.1
-5.9
-.5
4
♦
-.1
.7
—
-.7
2.7
4
8.6
-.5
-.1
4
4
4
1.9 current surplus
1
25.5 Bet increase in liabilities
17.2
Beaher hank reserves
-4.8
Vault cash of coal, hanks
15
16
17
18.0
-1.0
15.7
-4.0
•2
19.6
-2.6
18
19
20
21
22
17.9 Current surplus
14.3 Plant and eguipnent
4
Deaand deposits aqd currency
Due to U.S. Governaent
Due to foreign
Currency outside hanks
Biscellaneous liabilities
Conaercial Banking (D
1
2
7.6
9.9
8.9
10.6
10.0
12.4
14.3
15.2
13.2
15.0
14.2
14.8
14.3
15.5
12.0
15.4
12.4
14.3
13.8
15.2
3
4
108.2
•6
133.1
1.0
123.7
1.7
148.4
2.2
199.5
2.7
218.4
2.5
221.2
2.6
129.5
2.7
229.1
2.8
122.8
2.9
204.3 Bet acg. of financial assets
3.1
Deaand deposits and currency
5
6
7
8
101.3
25.6
15.9
9.7
107.5
11.7
1.9
9.8
107.2
27.7
20.4
7.3
138.5
46.3
45.5
.7
187.7
1.3
2.5
-1.3
223. 1
19. 1
24.3
-5.2
171.3
-23.0
-23.4
.3
147.6
12.5
10.7
1.8
208.6
-3.4
-1.4
-2.0
129.2
30.6
32.4
-1.8
174.9
28.0
27.6
.5
9
10
13.6
.6
5.0
4
4.7
1.9
3.9
3.9
12.5
4.7
4.7
8. 1
2.7
2.0
19.5
6.2
23.0
2.8
-12.0
3.0
7.7
17.8
11
12
13
14
15
16
61.5
17.5
-6.2
47.7
1.8
•8
90.8
21.6
4.0
59.2
•8
5.3
72.9
16.0
6.7
49.9
.3
♦
64.5
29.2
22.7
31.4
-1.4
2.4
169.2
44.6
46.0
72.6
.3
5.8
191.3
46. 0
46. 6
89.6
-1.5
10.5
189.7
44.2
64.5
82.1
6.9
-8.1
109.4
42.0
35.3
27.4
-1.5
6. 1
186.5
46.0
37.4
91.1
-2.5
14.6
107.4
45.1
64. 1
7.3
-8.9
-.2
121.4
42.7
50.8
2.5
2.0
23.5
17
*
-.1
4
4
-. 1
4
18
19
-1.0
7.3
-3.4
28.0
2.2
12.6
-3.6
11.3
3.6
5.6
-2.9
-4.4
20
21
22
23
24
100.8
5.1
-2.6
.3
7.4
126.9
8.6
-1. 1
-3.9
13.7
119. 1
19.2
6. 1
-3.4
16.5
140.6
15.9
-5.3
1.6
19.7
194.6
29.2
4.0
2.0
23.2
25
44.8
40.3
97.0
130.0
26
27
47.2
17.6
51.5
13.1
-8.6
10.7
28
29
30
31
-28.5
-1.9
-3.4
-23.2
-12.4
-2.9
-2.4
-7.0
32
33
34
35
•4
7.1
1.5
5.6
36
37
-.5
7.4
4
-.3
.3
44.5
10.2
-31.0
4.3
13.3
4.7
-14.0
213.4
52.7
5. 1
2.3
45.3
217.2
9.5
-1.8
-3.6
14.9
121.3
-1.4
16.3
2.6
-20.2
226.3
56.0
-3.5
6.6
52.8
115.6
-43.3
-10.7
-3.4
-29.2
74.6
25.3
92.3
85.6
95.1
-52.3
10.2
25.9
-2.5
29.6
25.2
54.2
-33.0
2.0
3.7
-14.3
• 1
15.7
-30. 1
18.0
-1.0
-1.1
20. 1
33.6
2.0
19.1
12.5
64.6
-1.8
38.4
28. 1
40.1
7.9
13.6
18.6
.5
8.2
1.2
7.0
•6
2. 5
1. 1
1.4
.7
8.4
4. 9
3.5
.8
14.5
8.2
6.3
.8
16.0
2.5
13.5
.8
32.1
14. 1
18.1
-.4
17.4
-. 1
12.4
-. 1
9.9
4
4
4
4
18.6
-.8
21. 1
15.2
-4.6
-
2.8
12.4
13.9
Total hank credit
O.S. Govt, securities
Treasury issues
Agency issues
Tax-exenpt Obligations
Corporate bonds
9
10
Total loans
Bortgages
Consuaer credit
Bank loans n.e.c.
Cpen-aarket paper
Security credit
11
12
13
14
15
16
Corporate eguities
17
Vault cash * aea. haak res.
Biscellaneous assets
18
19
71.0
114. 1
Saaix tiae and savings dep.
25
17.6
-6.0
40.6
15. 1
-72.8
-1.6
Large tine deposits
26
Fed. funds and security BP’s 27
24.3
14.0
5.0
5.4
5.2
-12.3
19.5
-2. 1
28.3
-5.9
7.5
26.7
40.9
-7.0
20.0
27.9
Met interbank claias
To Federal Beserve
To doaestic hanks (2)
To foreign hanks
28
29
30
31
•8
-9.0
2.0
-11.0
.9
18.8
14.3
4.5
.9
17.1
11.7
5.4
•9
13.9
14.4
-.5
Corporate eguity issues
Credit aarket debt
Corporate bonds
Open-aarket paper
32
33
34
35
4
4
38.7
-14. 1
.1
-8.2
Profit taxes payable
Hiscellaneous liabilities
36
37
-9.6
-7.8
-7.0
-8.7
-6.8
-5.6
-5.1
-11.7
100.6
102.3
107.2
136. 1
181.9
212.6
179.4
141.5
-8.6
129.1
1.0 Discrepancy
151.4 fleao:
credit akt. funds adv.
(1) consists of U.S.-chartered coaaercial hanks, their doaestic affiliates.
Edge Act corporations, agencies and branches of foreign hanks, and hanks
in U.S. possessions. Edge Act corporations and offices of foreign hanks
appear together in these tables as "foreign nanking offices."
(2) Floats and discrepancies in interbank deposits and loans.
5
6
7
8
22
23
24
39
11/85 BASED OB IBCOBPLETE IBFOBBATIOB,
3
4
201.7 Met increase in liabilities
114.5
Checkable deposits
U.S. Governnent
51.0
1.2
Foreign
62.3
Private doaestic
38
BILLIOBS OF DOLLARS.
1
2
20
21
38
39
SEPTEBBEB 23, 1985
Coaaercial Bankiag Subsectors
Coaaercial Banking Subsectors
Subsector Stateaents for Coapoaent Groups ia Ccaaercial Banking
UNADJUSTED NET FLOWS(S BILL)
UNADJUSTED NET FLOWS ($ BILL)
|
1
1984
I
11
111
IV
1985
1
11
1975
BILLIONS OF DCLLABS
1976
1977
1978
1979
U.S.-Chartered coaaercial Banks
4,380
3,710
3,461
3,878
2,714
3,862
2,676
3,564
4,405
3,804
4,329
3,574
4,3
2.3
4.5
4. 1
5.3
6.7
6.7
9.5
7.9
10.8
1
2
32,527
36,912
7,451
8,836
-1,385
47,468
46,239
-7,213
-7,335
122
36,384
34,674
152
-548
700
63,172
61,435
918
1,559
-641
10,443
13,651
10,598
11,081
-483
54,629
46,140
3,900
3,749
151
29.0
30.7
30. 1
28.4
1.6
59.6
61.3
19.6
18. 1
1.5
91.0
83.7
-1.3
-2.2
.9
119.5
106.7
.1
-6.7
6.8
111.5
107.8
7.4
-.2
7.6
3
4
5
6
7
-591
1,993
-267
-52
5,429
821
8,042
446
-4,765
-71
800
5,066
1.6
1.8
2.6
-.6
9.2
-.3
9.4
-.6
9.7
-.3
8
9
28,059
8,946
6,087
14,781
-773
-982
53,771
12,516
16,229
24,185
1,586
-745
28,272
11,332
12,548
2,111
1,718
563
52,029
11,400
11,102
24,946
-1,261
5,842
7,889
8,638
9,116
-4,104
-2,792
-2,969
36,374
12,163
12,784
3,979
448
7,000
-2.8
3.7
3. 1
-12.8
1.1
2.2
39.8
15.1
12.0
3.2
3.2
6.2
76. 1
27.3
22.3
24.6
.2
1.8
97.8
35.3
26.2
41.6
-2.3
-3.0
91.0
30.6
19.9
39.9
1.6
-.8
10
11
12
13
14
15
-2,942
-1,443
-1,175
2,404
3,632
—1,922
4,100
-2,363
-1,002
-2,206
1,003
7,486
•8
-2.5
-1.0
-.6
3.5
3.7
5.9
7.0
18 Net increase in liabilities
19
Checkable deposits
U.S. Governaent
20
21
Foreign
22
Private doaestic
30,772
-5,877
1,519
-324
-7,072
46,706 33,824
2,371
2,560
-1,000 12,678
132
92
3,468 -10,439
6,070
63,268
31,174 -29,529
-9,172 -1,907
2,922 -1,813
37,424 -25,809
54,270
27,067
1C,618
-163
16,612
27.1
7.0
-1.7
-.5
9.2
57.9
11.0
-. 1
1.7
9.4
86.3
21.5
4.3
1.7
15.5
114. 1
22.9
6.8
*
16.2
1 current surplus
2 Plant and eguipaent
3 Net acg. of financial assets
4
Total bank credit
U.S. Governaent securities
5
Treasury issues
6
7
Agency issues
8
9
10
11
12
13
14
15
16
17
Tax-exeapt Obligations
Corporate bonds
Total loaas
Bortgages
consuaer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
Vault cash ♦ aea. bank res.
Hiscellaaeous assets
1.6 16
2.1 17
104.9
25.6
.4
3.4
21.8
18
19
20
21
22
23
Saall tiae*savings deposits
13,313
18,806
12,486
29,978
24,999
23,967
39.9
54.6
28.2
13.2
29.5 23
24
25
Large tiae deposits
Fed. funds and security HP’s
2,521
6,258
17,347
-9,666
11,164
1,999
2,869
-1,110
-324
3,666
-9,311
-2,230
— 13.J
3.5
-15.6
13.6
23.8
9.0
42. 1
19.5
10.2 24
15.6 25
26
27
28
29
30
Net interbank liabilities
Federal Eeserve float
Borrowing at F.B. banks
To doaestic banks
To foreign banks
12,565
-776
-22
9,682
3,681
12,638
-1,442
3,864
4,822
5,394
4,063
944
1,873
94
1,152
-4,825
566
-3,056
-1,944
-391
8,736
-557
-995
3,529
6,759
15,426
-36
-1,244
6,018
6,688
-10.9
1.7
-.1
-4.2
-8.3
-9.8
-1. 1
-.2
.3
-8.7
-2.8
1.2
.2
-2.7
-1.5
2.5
2.7
.9
-3.5
2.3
13.0
.3
.3
-4.0
16.5
26
27
28
29
30
31
32
33
34
Corporate eguities
Corporate bonds
Profit taxes payable
Biscellaneous liabilities
195
-211
2,008
202
2,226
-3
2,596
209
-720
4
2,248
216
2,264
4
2,698
223
1,505
15
-1,221
230
2,161
18
-3,058
1.0
.2
-.3
. 1
1.6
.7
1.7
•6
•6
.2
5.4
1. 1
.2
.1
12.4
1.3
•2
.5
9. 1
31
32
33
34
35 Discrepancy
-1,085
-1,179
-3,708
-792
-1,772
396
.1
-1.4
-6.1
-8. 2
-9.5 35
36 Heao:
37,894
46,984
34,111
55,593
16,620
39,140
28.5
55. 1
81.9
109.6
108.6 36
credit akt. funds adv.
Doaestic Affiliates of Coaaercial Banks
846
811
35
5,168
4,954
214
-3,598
-3,832
234
5,080
4,725
355
-2,020
-2,442
422
-1,661
-2,173
512
2.9
-.5
6. 1
6.4
-.3
♦
-.5
.6
1.7
2.7
-1.0
5.4
5.5
-. 1
1
2
3
846
-3,441
4,212
835
3,377
75
5,168
-1,894
5,811
1,291
4,520
1,251
-3,598
-24
-1,537
1,220
-2,757
-2,037
5,080
1,263
2,440
1,306
1,134
1,377
-2,020
-2,791
2,770
1,413
1,357
-1,999
-1,661
-1,618
1,305
1,438
-133
-1,348
2.9
2.0
.6
.3
.3
•2
6. 1
—.3
5.4
6.2
-.8
.9
a
-1.6
2.0
.7
1.3
-.3
1.7
-3.0
7. 2
.5
6.7
-2.4
5.4
-1.4
6.5
1.9
4. 5
•3
4
5
6
7
8
9
16.5
14.5
.5
• 1
• 1
13.2
.6
1
2
3
4
5
6
7
1 Net acg. of financial assets
2
Inv. in finance co. subs.
Bank loans n.e.c.
3
4 Net increase in liabilities
5
Net interbank claias
6
Credit aarket debt
Corporate bonds
7
3
Coaaercial paper
9
Hiscellaneous liabilities
3.4
Foreign Banking Offices in U.S.
1 Net acg. of financial assets
2
Credit market instruaents
3
O.S. Governnent securities
4
Tax-exeapt Obligations
5
Corporate bonds
6
Bank loans n.e.c.
7
Cpen-aarket paper
8
9
10
Corporate eguities
Security credit
Biscellaneous assets
11 Net increase in liabilities
12
Deaand deposits
13
Tiae deposits
133
686
-2 52
-12
88
774
88
6,193
68
-119
-50
635
-808
410
-1,289
904
85
65
746
1,394
-1,386
3,504
4,173
-343
-94
296
4,357
-43
400
-51
-21
-2
814
-1,227
385
1,363
580
1,614
-616
-549
131
1.6
1. 1
-.2
*
*
1.2
♦
5.3
4.4
.5
*
1
3.5
.5
5.7
4.9
1
a
.2
4.7
.1
21.8
19.6
.5
1
.1
18. 1
1.0
2
51
-606
-406
6,531
-4
225
—2,414
-71
1,246
-1,844
65
-728
1,114
-389
1,172
*
-.1
.6
•
•4
.4
*
.5
.3
. 1
2.0
* 8
♦ 9
2. 1 10
133
-93
-7,698
6,193
190
1,127
-1,289
-759
-4,567
3,504
-372
3,092
400
276
-3,513
1,363
268
-2,504
1.6
3.4
5.3
2.4
.4
5.7
3.0
2.2
21.8
2.5
6.4
16.5 11
• 6 12
3.6 13
•6
4
14
15
16
Net interbank liabilities
To foreign banks
To domestic banks
8,674
3,405
5,269
1,926
1,099
827
1,991
138
1,853
631
-1,980
2,611
2,427
-811
3,238
-242
997
-1,239
-3.0
-1.4
-1.6
2.2
3.0
-.9
-.2
.9
-1. 1
10.6
3.4
7.3
9.5 14
5.8 15
3.7 16
17
Hiscellaneous liabilities
-750
2,950
2,046
153
1,210
3,841
.7
.3
.7
2.3
2.7 17
.4
Banks in O.S. Possessions
1 Net acg. of financial assets
2
Deaand deposits and currency
953
625
974
651
997
681
1,019
708
1,041
737
1,063
765
1.1
. 1
-.2
•8
.5
•6
.3
1. 1
.7
1
2
3
4
5
6
7
8
9
108
134
—8
-68
86
-36
220
129
147
-21
-86
88
1
194
226
160
-10
-24
90
10
90
228
174
-22
-49
92
33
83
291
187
-16
-5
94
31
13
323
201
-21
-5
96
52
-25
.4
.1
. 1
♦
*
•2
.6
•6
. 1
.4
. 1
. 1
-. 1
1
.3
.2
-.1
.1
4
.1
*
.2
1
.3
.2
. 1
-.3
.1
*
*
-.2
. 1
.1
4
•4
3
4
5
6
7
8
9
953
974
997
1,019
1,041
1,063
1. 1
.4
.8
•6
Credit aarket instruaents
U.S. Government securities
Tax-exeapt Obligations
Corporate nonds
Home mortgages
Coaaercial aortgages
Hiscellaneous assets
10 Net increase in deposit liab.
11/85 BASED ON INCOHPLETE
INFOBHATION
1. 1 10
SEPTEHBEB 23, 1985
Coaaercial Banking Subsectors
Coaaercial Banking Subsectors
i9
Subsector Stateaents for Component Groups in Coaaercial Banking
SEASONALLY ADJUSTED ABHUAL BATES
1980
1981
1982
SEASONALLY ADJUSTEE ABBOAL BATES
1983
1984
I
1
1984
1
II
III
IV
|
|
1985
I
II
U.S.-chartered Coaaercial Banks
1
2
7.6
9.9
8.9
10.6
10.0
12.4
14.3
15.2
13.2
15.0
14.2
14.8
14.3
15.5
12.0
15.4
12.4
14.3
13.8
15.2
3
4
5
6
7
84.2
84.2
25.0
15.3
9.7
106.3
100.3
11.4
1.8
9.6
112. 1
106.7
26.7
19.4
7.3
133.7
136.6
44.2
43.5
.7
179.6
179.3
1.3
2.5
-1.2
210.5
219.4
19.6
24.6
-5.0
162.7
162.2
-23.2
-23.5
.3
153. 1
149.3
11.5
10.4
1. 1
192.0
186.2
-2.7
-1.4
-1.3
125.2
129.2
29.9
31.7
-1.8
8
9
13.2
.5
5.7
*
4.6
1.7
3.8
3.6
12.6
3.2
4.8
8.0
2.9
-.2
19.3
3.3
23.5
1.8
-12.0
-.3
7.8
20.3
10
11
12
13
14
15
45.6
17.4
-6.2
32.2
1.0
1.2
83.2
21.5
4.0
53.3
-.2
4.7
73.7
15.9
6.7
49.6
1.0
.5
85.0
29.2
22.7
32.6
-1.5
2.0
162.1
44.2
46.0
66.0
1.3
4.7
187.0
45.8
46.6
87.4
-1.9
9. 1
182.6
43.9
64.5
75.8
5.2
-6.8
115.2
41.6
35.3
28.6
4. 1
5.4
163.7
45.5
37.4
72. 1
-2.3
11.0
111.6
44.6
64.1
11.8
-10.4
1.4
112.6
42. 1
50.8
-6. 1
1.4
24.4
16
17
-1.0
.9
-3.4
9.4
2.2
3.2
-3.6
•7
3.6
-3.3
-2.9
-6. 1
2.8
-2.2
10.2
-6.4
4.3
1.4
4.7
-8.8
12.4
18.0
18
19
20
21
22
76.7
10.7
-2.6
-.2
13.4
100. 1
14.8
-1.1
-3.0
18.9
107.5
20.9
6. 1
-2.2
17.1
125.9
15.6
-5.3
1.4
19.5
174.6
30.2
4.0
2.8
23.4
205.5
52.2
5. 1
.3
46.8
158.8
11.6
-1.8
-2.7
16.0
144.9
-.4
16.3
3.2
-19.9
189.2
57.6
-3.5
10.4
50.6
118.0
-45.1
-10.7
-6.6
-27.8
17.9 Current surplus
14.3 Plant aad eguipaent
191.9 Bet acg. of financial assets
Total bank credit
161.4
U.S. Governaent securities
20.8
20.3
Treasury issues
Agency issues
.5
Tax-exeapt Obligations
Corporate bonds
Total loans
Bortgages
Consuaer credit
Bank loans n.e.c.
Open-aarxet paper
Security credit
Vault cash * aea. bank res.
fliscellaneous assets
189.3 Bet increase in liabilities
116.2
Checkable deposits
U.S. Governaent
51.0
-2.6
Foreign
67.9
Private doaestic
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
44.8
40.3
97.0
130.0
74.6
25.3
92.3
85.6
95.1
71.0
114. 1
Saall tiae+savings deposits
24
25
39.3
17.6
43.9
13.1
2.3
10.7
-38.7
10.2
33.9
-2.5
60.4
25.2
49.7
-3%0
20.3
3.7
5.2
-6.0
54.7
15. 1
-62.8
-1.6
Large tiae deposits
24
Fed. funds and security BP’s 25
26
27
28
29
30
-36.7
-2.3
.4
-lx.4
-22.3
-18.8
-2.7
-.2
-9.7
-6.2
-27.6
1.0
-.9
-9.5
-18.2
7.6
-1.2
.2
-1.0
9.6
24.4
-.7
2.7
12.7
9.8
46.3
.2
-2.0
27.4
20.8
31.0
-4.9
12.8
6.0
17.1
23.9
6.3
7.7
5.4
4.5
-3.5
-4.4
-7.9
11.8
-3.0
33.0
.3
-6.1
2.3
36.6
39.2
1.3
-8.2
17.9
28.2
Met interbank liabilities
Federal fieserve float
Borroving at F.fi. banks
To doaestic banks
To foreign banks
26
27
28
29
30
31
32
33
34
•4
.2
-.5
•8
.5
-. 1
-.4
6.7
.6
•6
-.1
3.1
.7
-.2
-. 1
.9
•8
3.6
*
9.6
•8
-.8
♦
-3.9
•8
8.9
♦
-2.6
•8
-2.9
♦
13.9
.9
9.1
.»
30.8
•9
6.0
♦
-17.6
•9
8.6
•1
-25.4
Corporate eguities
Corporate bonds
Profit taxes payable
fliscellaneous liabilities
31
32
33
34
35
-9.8
-7.8
-7.0
-8.7
-6.8
-5.6
-5.1
-11.7
-4.6
-8.6
36
83. 1
95.6
106.2
134.6
174.6
210. 2
169.0
143.9
175.2
127.8
——
1.0 Discrepancy
137.0 fleao:
Credit akt. funds adv.
23
35
36
———
Doaestic Affiliates of Coaaercial Banks
1
2
3
4.3
4.4
-.1
8.0
7.9
•1
0.2
6. 1
.1
6.5
6. 8
-.2
7.5
6.7
•8
3. 4
3. 2
.1
20.7
19.8
.9
-14.4
-15.3
.9
20.3
18.9
1.4
-8. 1
-9.8
1.7
4
5
6
7
8
9
4.3
-2.7
6.9
1.4
5.6
.1
8.0
- 1.4
8.3
1.3
7.0
1. 1
6.2
2.1
1.9
.5
1.4
2. 1
6.5
-5.4
8.6
5.2
3.5
3.4
7.5
-4. 1
10.9
4.7
O.3
.7
3. 4
-13.8
10.8
3.3
13. 5
•3
20.7
-7.6
23.2
5.2
18. 1
5.0
-14.4
-. 1
-6.1
4.9
-11.0
-8. 1
20.3
5. 1
9.8
5.2
4.5
5.5
-8.1
-11.2
11.1
5.7
5.4
-8.0
-6.6 Bet acg. of financial assets
Inv. in finance co. subs.
-8.7
Bank loans n.e.c.
2.0
1
2
3
-6.6 Met increase in liabilities
-6.5
Net interbank claias
Credit aarket debt
5.2
5.8
Corporate bonds
Coaaercial paper
-.5
fliscellaneous liabilities
-5.4
4
5
6
7
8
9
— — ———
— ———
—— -------------Foreign Banking Offices in U.S.
——————————— ———————-—--------— ——————. — -nr.-r...
1
2
3
4
5
6
7
18.1
17.0
.5
•2
*
15.5
.6
16. 1
7.7
.6
-.1
.3
5.8
1.0
2.3
.3
•8
-. 1
.1
•2
-.7
4.6
1.2
1.7
1
•4
-.9
.2
8.5
5.8
-.6
-.1
1.8
5.7
-.9
•8
1.8
-1.0
♦
•4
2. 1
.4
33.9
9.0
-.5
-.2
2.5
5.5
1.6
-13.2
-4.3
•3
.3
3.0
-2.3
-5.5
12.7
16.8
-1.4
-.4
1.2
17.5
-.2
1.5
-1.5
-. 1
♦
3.3
-6.2
1.5
14.8 Met acg. of financial assets
Credit aarket instruaents
11.1
U.S. Governaent securities
6.5
Tax-exeapt Obligations
Corporate bonds
-2.5
6.6
Ban* loans n.e.c.
Open-aarket paper
.5
8
9
10
*
— .4
1.5
-.1
.6
7.9
*
-.5
2.4
*
.5
2.9
-. 1
1.1
1.7
*
1.4
-2. 4
-1.3
26. 1
*
.8
-9.7
-.3
3.6
-7.4
.3
-1.6
4.5
-1.0
4.7
11
12
13
18.1
-5.0
7.9
16.1
-6. 1
7.6
2.3
-1.7
-11.1
4.6
•3
-13.6
8.5
-1.0
-8.0
.8
.5
-30.8
33.9
-2.1
4.5
-13.2
-1.0
-18.3
12.7
-1.6
12.4
1.5
1.8
-14.1
14
15
16
10.9
-.8
11.7
7.9
—.6
8.6
11. 1
-11.9
23.0
15.9
10.5
5.4
13.2
2.7
10.6
32. 1
7.3
24.8
16.7
1.5
15. 1
.5
•8
-.3
3.6
1.0
2.6
6.5
-9.9
16.4
17
4.9
6.6
3.9
2.0
4.4
-1. 1
14.7
5.5
-1.6
7.3
Corporate eguities
Security credit
Hiscellaneous assets
1
2
3
4
5
6
7
8
9
10
14.8 Bet increase in liabilities
-1.7
Deaand deposits
-10.0
Tiae deposits
11
12
13
8. 1
-.3
6.5
Bet interbank liabilities
To foreign banks
To doaestic banks
14
15
16
18.3
Miscellaneous liabilities
17
banks in U.S. possessions
1
2
1.6
.6
2.7
1.0
3.2
1.7
3.6
2.2
3.9
2.7
3.8
2.5
3.9
2.6
4.0
2.7
4. 1
2.8
4.2
2.9
4.3 Net acg. of financial assets
Deaand deposits and currency
3. 1
1
2
3
4
5
6
7
8
9
.5
•1
.3
*
.2
-.1
.5
-1. 1
-.3
-.7
-.3
.3
-.2
2.9
.6
.2
.2
. 1
•3
-• 2
•9
.5
.4
.1
1
.3
-.3
•9
.7
•6
-.1
-.2
.4
♦
•6
.4
.5
*
-.3
.3
-. 1
.9
.5
•6
-.1
— .3
•4
V
•8
.9
•6
*
-. 1
•4
*
•4
.9
.7
-.1
-.2
•4
.1
•3
1.2
.7
-.1
♦
•4
.1
. 1
1.3
•8
-.1
*
•4
.2
1
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
done aortgages
Conaercial aortgages
fliscellaneous assets
3
4
5
6
7
8
9
3.2
3.6
3.9
3.6
3.9
4.0
4.1
4.2
4.3 Net increase in deposit liab.
1.6
2.7
10
http://fraser.stlouisfed.org/
BILLIONS OF DOLLABS.
Federal Reserve Bank of St. Louis
11/85 BASED ON INCOHPLETE INFOBHATION.
10
SEPTEMBER 23, 1985
Ncnfiank Finance Summary
Nonbank Finance Sunnary
Private Nonbank Financial Institutions
20
UNADJUSTED NET FLOWS(A HILL)
UNADJUSTED NET FLOWS(S BILL)
1984
I
II
-1.301
1,424
IV
1,166
1,395
1,445
1,548
851
1,975
3 Net acg. of financial assets
104,733 107,893 95,654 141,343
1,557
951
2,986
555
4
Deaand deposits and currency
Tiae and savings deposits
4,813
-667
6,407 -15,291
5
5,351
2,173
Security BP's
10,149
5,426
6
680 -2,451
Foreign deposits
1,876
-803
7
8
9
10
11
12
13
14
15
Corporate eguities
Credit narket instruaents
U.S, Governnent securities
Tax-exempt Obligations
Corporate * foreign bends
Hortgages
Consuaer credit
Other loans
16
17
18
Security credit
Trade credit
Hiscellaneous assets
1985
I
II
1915
BILLIONS OF DOLLARS
1976
1977
1978
1979
Private Nonbank Financial Institutions - Total
,
• .....————————————————
——— w ——— —
—----- —
1 Current surplus
2 Physical investnent
III
|
|
956
2,226
2.5
5.3
5.8
3.6
9.9
2.2
13.1
2.0
11.0
2.9
1
2
85,246 111,051
-861
2,758
216
1,720
-4,126 -6,327
-256 -2,361
123.8
.5
3.4
-1.0
-
160.5
1. 1
-.9
1.6
-
196.1
1.0
3.1
3.0
*
218.8
3.5
6.5
1.8
.5
244.6
3.9
9.5
5.5
4,6
3
4
5
6
7
12.9
193.3
30.6
10.9
27.8
64,7
912
1,864
2,179
82,691
29,683
4,904
2,817
18,447
2,477
24,363
-4,765
91,612
12,119
437
14,043
35,559
11,286
18,168
7,905
5,878
88,768 108,186
29,213 42,685
3,674
2,081
13,171
13,635
25,976 15,657
12,913 12,065
5,414 20,470
14,587
70,240
28,909
13,217
-1,371
13,273
6,06 2
10,150
9,564
90,086
10,332
7,056
22,337
19,279
16,003
15,079
10.6
103.0
28.8
6.0
28.0
27.0
5.0
8.3
12.9
135.6
28.0
9.3
30.2
46.0
10.3
J 1.7
7.8
175. 1
22.9
13,5
34.5
66.5
16.1
21.6
4. 6
189.2
20.3
15,2
37. 9
69.8
19.4
27.1
-8
909
6,653
-1,107
1,181
10,209
-1,309
1,187
9,835
-618
1,019
15,506
1,000
684
3,562
2,800
786
12,025
1.0
•6
5.6
4.6
1.2
4.5
1.0
1.3
3.8
1.6
1.5
9,6
99,358 142,394
26,050 36,263
5,129 26,972
5,461
752
28,978 35,758
10,154
9,843
86,094 114,835
26,494 21,754
-3,024
5,108
-5,291 -4,033
30,421 33,276
24,559 25,236
126.5
59.4
1.3
.1
51.1
-.5
155.7
69.2
♦
-. 1
55.3
-1.8
187.6
69.7
1.9
65. 1
2.8
204. 4
59. 1
6.9
2. 1
79. 4
1.2
231.0
46.9
34,4
•5
86.9
1.5
19
20
21
22
23
24
25
26
27
28
29
30
19 Net increase in liabilities
107,456 104,247
38,782 31,229
Tiae and savings deposits
20
3,854
21
11,228
Hone/ aarket fund shares
Security BP's (s+1)
9,360
22
3,238
23
Insurance ♦ pension reserves 25,907 26,162
24
14,607
Corporate eguity issues (1)
7,335
•2
8
9
10
11
12
13
22.2 14
37.2 15
1. 1 16
1.9 17
11.8 18
25
26
27
28
29
30
Credit aarket instruaests
corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hone Loan Eank loans
4,335
2,144
-11
-1,582
5,129
-1,345
6,519
-896
-22
780
-1,594
8,251
17,545
4,329
-23
27)
5,822
7,146
12,518
4,694
-16
1,489
4,735
1,616
9,095
1,230
-5
-1,287
9,087
70
17,303
7,319
-1
60
4,987
4,938
-3.8
2.6
•4
-3.7
.7
-4.0
.7
3.0
•4
-3.7
3.0
-2.0
21.3
8.9
♦
-.3
8.4
4.3
29,7
6.8
•2
2.3
7.9
12.5
27.8
5.7
*
-.5
13.4
9.2
31
32
33
Security credit
Profit taxes payable
Hiscellaneous liabilities
-1,002
-21
10,382
-1,258
-36
21,082
695
-49
5,706
6,782
-59
13,254
-3,677
-76
7,593
6,425
-97
9,859
2.9
•1
15.9
7.9
•5
24.0
.9
.7
24.9
*
.8
25.1
1. 1 31
-.2 32
32. 2 33
-2
-3,875
3,601
-73
-104
2,514
1
-2.6
-.8
-3.3
-5.5 34
34 Discrepancy
(D Includes nutual fund shares.
-Savings Institutions Conbined
1 Current surplus
-50
109
128
191
259
305
2.0
2.9
3.8
5.0
4.3
1
44,278
161
-989
4,171
54,463
595
-1,272
564
41,067
70
-6,152
1,522
42,281
1,139
1,089
2,905
25,505
237
2,980
-5,423
25,755
42
2,670
-2,008
58.1
.3
5.0
-1. 1
72. 1
•2
-1.5
1.6
84.9
♦
1.0
2.9
81.3
1. 1
.2
1.7
66.5
.5
-.8
3.4
2
3
4
5
110
35,867
15,903
-202
-238
-26
45,746
5,152
-128
-848
-77
37,324
5,940
-60
-48
-163
24,097
1,168
59
-336
101
25,686
3,927
344
130
14,424
-6,111
-32
-295
.2
50.9
9.7
1.6
3.5
. 1
68.4
10.2
.6
2.6
.4
78.5
7.0
•4
1.2
. 1
72.2
5.4
•6
,1
1 6
56.5 7
2. 1 8
-.5 9
-1.1 10
16,030
11,887
1.489
2,653
1
30,457
21,235
2,874
6,348
-
24,949
16,790
2,264
5,694
1
13,726
8,555
1,250
3,921
-
10,629
6,574
1,117
2,938
-
15,521
12,589
1,384
1,548
-
30.2
22.3
2.6
5.3
*
47.6
38.8
3.3
5.0
*
61.9
52.0
4.9
4.9
*
57.8
50.0
4.3
3.5
*
48.2
42.8
2. 1
3.3
*
11
12
13
14
15
Consuner install, credit
Consuner noninstail.credit
Open-narket paper
Hiscellaneous assets
3,872
500
2
4,958
6,117
1,005
3,991
8,856
6,818
1,300
-1,575
8,380
6,634
1,156
1,690
13,214
5,428
497
5,039
1,724
6,981
1,426
-3,066
10,497
4.4
•4
1.0
2.7
6. 6
,3
•3
3.3
8. 1
.3
-.3
2.2
7.3
.5
•6
6.0
3.6
2.4
1.8
7.0
16
17
18
19
20 Net increase in liabilities
21
Deposits
Security RP's
22
Cr.
nxt. instr. (svgs.+loan)
23
24
Profit taxes payable
Hiscellaneous liabilities
25
44,511
38,782
3,238
940
-12
1,5o3
54,781
31,229
9,360
8,331
-14
5,875
41,211
26,050
5,461
8,110
-16
1,606
42,373
36,263
752
5,274
-25
109
25,268
26,494
-5,291
623
-20
3,462
25,314
21,754
-4,033
1,949
-17
5,661
56.0
59.4
•1
-4.2
• 1
.6
68.9
69. 2
1
-1.7
.2
1.2
80.3
69.7
1.9
6.9
.2
1.6
76.0
59. 1
2. 1
13.5
•2
1.0
62. C
46.9
.5
12.6
—.2
2.3
20
21
22
23
24
25
183
427
272
283
22
-136
*
-.4
-.8
-.3
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tine deposits
5
Security RP's
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Corporate equities
Credit aarket instruaents
U.S. Govt, securities
Tax-exeapt Obligations
Corporate bonds
Hortgages
Bone aortgages
Hulti-faaily
Coaaercial
Fara
26 Discrepancy
11/85 BASED ON INCOHPLETE INFORMATION
22
-.2 26
SEPTEHBEB 23, 1985
Nonbank Fiaance Suaaary
Nonbank Finance Suaaary
21
Private Nonoank Financial iastitutioas
SEASONALLT ADJOSTBD AHHUAL RATES
SEASONALLT ADJUSTED ANNOAL BATES
1980
1981
1982
1983
1984
|
I
1984
1
11
111
If
|
J
1985
1
II
Private Hoabaak Fiaaacial Iastitutioas - Total
9.2
3.8
-.4
5.4
. 1
4.9
3.9
4.0
2.2
6.3
-2.6
5.7
2.9
5.6
3.9
6.2
4.5
7.9
6.5
7.5
4
5
6
7
250.0
3.6
17.9
3.2
1.7
309.4
3.2
23.2
14.7
12.1
284.8
8.0
5.4
6. 1
4.9
329.0
4.6
-12.5
11.8
-1.8
449.6
6.0
-4.7
23.1
-.7
444.0
9.0
-10.3
36.5
7.5
424.7
11.7
20.5
9.8
-3.2
399.0
2.6
-46.6
21.9
2.7
530.9
.9
17.4
24.2
-9.8
368.3
1.9
-7.1
-20.6
-1.0
438.4 Het acg. of fiaaacial assets
Deuaad deposits aad currency
11.2
Tine aad savings deposits
1.3
Security RP’s
-23.9
Foreign deposits
-9.4
3
4
5
6
7
8
9
10
11
12
13
14
15
24.9
180.7
56.9
9.7
31.6
42.8
9.9
29.8
21.0
215.0
74.9
7.3
26.2
26.0
13.4
67.2
37.1
180.4
143.4
14.6
18.6
-17.4
11.1
10.0
56.4
246.6
92.3
10.0
28.8
62.5
29.2
23.8
11.2
371.3
113.7
11. 1
43.7
95.6
38.7
68.4
19.3
344. 8
113.2
20.4
16. 1
81.6
24. 2
69.3
-14.1
359.3
60.1
1.4
50.6
130.8
43.2
73.3
21.4
358.1
119.4
8.6
56.5
96.2
48.0
29.5
18.2
422.7
162.2
14.0
51.5
74.0
39.5
81.5
69.3
296.0
110.0
53.8
-.7
60.0
41.4
31.5
44.2
353.5
53.6
27.7
83.9
64.3
62.7
61.2
Corporate eguities
Credit aarket iastruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate * foreign bonds
Hortgages
Cofisuaer credit
Other loans
8
9
10
11
12
13
14
15
16
17
18
6.5
2.0
9.6
-2.4
2.6
20.0
3.7
2.1
37.2
7.4
2.0
14.4
-3.0
4.3
42.2
V
3.6
33.5
-4.4
4.7
40.3
-5.2
4.7
39.4
-2.5
4.1
55.6
4.0
3.5
22.3
11.2
3.1
47.3
Security credit
Trade credit
Hiscellaneous assets
16
17
18
19
20
21
22
23
24
239.6
57.6
29.2
2.1
107.2
6.6
319.4
26. 1
107.5
3.0
108.2
7.7
293.5
63.4
24.7
-1.2
135.3
21.8
325. 1
132.5
-44. 1
13.9
130.0
34.8
453.5
132.3
47.2
16.8
116.8
41.9
455.0
138. 9
44.9
13.0
111.6
54.4
410.4
132.6
15.4
37.4
110.9
32.9
416.1
119.0
20.5
21.8
109.1
40. 1
532.3
138.7
107.9
3,0
135.6
40.4
372.9
88.5
-12.1
-21.2
130.7
93.6
451.4 Met increase in liabilities
95.0
Tine and savings deposits
20.4
Honey narket fund shares
-16. 1
Security RP’s (s*l>
139.9
Insurance ♦ pension reserves
104.9
Corporate eguity issues (1)
19
20
21
25
26
27
26
29
30
5.8
.3
*
-.9
-.8
7.1
33.4
2.4
*
•9
13.9
16.2
8.8
6.6
.1
1.9
-2.6
•8
9.0
3.6
«
-.2
12.6
-7.0
40.9
10.3
-. 1
1.0
14.1
15.7
37. 6
6.0
♦
-1. 1
25.5
7.2
13.4
1,8
-.1
1.7
-14.6
24.5
78.2
17.7
-. 1
6.4
29.8
24.5
34.4
15.6
-. 1
-3.2
15.7
6.4
59. 1
2.2
♦
1.0
42.7
13.3
55.6
35.5
#
-1.0
11.0
10.0
Credit aarket instruaents
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Eank loans
25
26
27
28
29
30
31
32
33
6.0
-.8
25.9
2.5
-1.2
32.2
3,6
.1
37.0
3.8
.1
45. 1
5.2
-.2
50.4
10.3
-. 1
44.5
-8.5
-.1
76.0
5.7
-.2
21.8
13.4
-.3
59.4
-. 1
-.3
34.5
22.7
-.3
29.3
Security credit
Profit taxes payable
Hiscellaneous liabilities
31
32
33
34
-5.0
4.2
4.0
-3.9
-.3
2.8
-17.0
14.9
-2.0
3.7
1
2
3
1.9 Current surplus
8.9 Physical investaent
6.0 Discrepancy
1
2
22
23
24
34
(1) Includes autual land shares.
Savings Iastitutioas Conbined
1
1.2
-6.4
-4.0
*
•4
-.2
•4
.5
.8
1.0
2
3
4
5
o9.2
1.7
8.5
-.1
43.7
2.3
-.9
5.7
73.0
2. 1
9.7
.4
157.5
2,8
-.1
5.4
182. 1
2.0
-7.3
9.2
173. 4
*
-11.6
12.6
209.0
3.2
-10.2
2.3
173.4
.5
-10.1
6.6
172.6
4.1
2.6
14.2
97.9
•4
4.0
-25.8
6
7
8
9
10
-.5
54.5
21.4
-.5
.7
-.6
27.4
5.2
*
-1.0
-.5
31.4
48.0
-.3
-1. 1
.3
140.5
65.3
-.2
3.0
-.2
143.0
28.2
-.3
-1.5
.4
145.2
57.4
-.8
-1.0
-.1
177.8
24.3
-.5
-3.4
-.3
143. 1
30.1
-.2
-.2
-.7
106.0
•6
.2
-1.3
•4
104.0
8.8
. 1
1.4
.5
51.9
-20.5
1
-1.2
11
12
13
14
15
29.4
27.8
*
1.6
*
17.8
16.6
-.7
1.9
-
-25.6
-31.3
1.1
4.6
*
50.9
30.5
5.0
15.4
-
85.2
58.5
7.9
18.8
*
70.7
52.0
6.0
12. 7
*
112.3
78.1
11.5
22.7
-
90.7
60.0
9. 1
21.6
*
67.0
43.8
5.0
18.3
-
48.3
29.9
4.5
14.0
-
51.6
43.0
5.5
3.0
-
16
17
18
19
.3
4.5
-1.8
2.6
9.7
5.4
1.1
3.9
29.9
14.8
2.1
8.6
23.4
4.0
4. 1
35.4
16.9
2.0
1.6
5.0
26. 8
24.7
4.0
16.4
34.9
23.8
5.2
-6.2
33.6
28.4
4.6
6.2
46.4
23. 1
2.0
20.4
15.0
28.4
5.7
-11.9
41.2
24
25
68.5
57.6
2. 1
7.4
-.3
1.7
49.4
26.1
3.0
15.5
-.3
5.1
77.5
63.4
-1.2
2.5
*
12.8
157.0
132.5
13.9
-2.1
♦
12.8
182.9
132.3
18.6
22.7
1
9.2
175.2
138.9
13.0
14.2
-. 1
9.2
210.5
132.8
37.4
25.2
-.1
15.2
173.5
119.0
21.8
27.4
1
5.4
172.3
138.7
3.0
23.9
-.1
6.8
97.9
88.5
-21.2
12.8
-.1
17.9
26
.5
-.6
.5
-.4
1.2
1.6
2.0
.7
.5
1.0
20
21
22
23
1.4
BILLIONS OF DOLLARS.
4.7
11/85 BASED ON INCOHPLETE INFORMATION,
1.2 Current surplus
93.3 Het acg. of financial assets
1.3
Denand deposits and currency
5.1
Tine deposits
Security HP’s
-6.7
Corporate eguities
Credit Barket instruaents
U.S. Govt, securities
Tax-exeupt Obligations
Corporate bonds
Hortgages
Bone aortgages
Bulti-faaily
Coaaercial
Fara
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Consuaer install, credit
Consuaer noninstall.credit
Open-aarket paper
Hiscellaneous assets
16
17
18
19
89.8 Het increase ia liabilities
Deposits
95.0
Security RP’s
-16. 1
Cr. ukt. instr. (svgs.+loan)
-1.5
Profit taxes payable
-.1
12.5
Hiscellaneous liabilities
20
21
22
23
24
25
-2.3 Discrepancy
26
SEPTEMBER 23, 1985
Savings Institations
Savings Institutions
Sector Stateaents of Saving and Investaent
UNADJUSTED NET FL0NS($ DILI)
UNADJUSTED NET FIOHS(S HILI)
|
|
1984
I
II
III
IV
2 Net acg. of financial assets
3
Hortgages
4
Consuaer credit
5
6
7
8
Other assets
Deaand deposits * currency
Tiae deposits
Fed. funds ♦ security BP’s
9
10
11
12
13
U.S. Treasury securities
U.S. Govt, agency secur.
Tax-exempt Obligations
Open-aarket paper
Hiscellaneous
14 Net increase in liabilities
15
Deposits
16
Security RP’s
17
18
19
20
Credit aarket instruaents
Corporate bonds
Bank loans n.e.c.
Fed. hoae loan hank loans
21
22
Profit taxes payable
Hiscellaneous liabilities
Acg.of credit akt.inst.
II
1975
1979
-230
-170
-65
-4
90
1.4
2.0
2.7
3.6
3.3
1
34,919
14,778
808
48,313
27,976
2,842
37,654
22,453
3,517
38,457
12,243
3,044
13,240
9,132
2,750
16,864
13,337
4,840
40.8
27.4
.8
52. 0
42.7
1. 1
64.3
55. 1
1.5
63.5
50.8
•3
56.6
44.0
3.7
2
3
4
19,333
1,036
-2,406
2,550
17,495
-89
-1,716
1,168
11,684
112
-3,685
1,284
23,170
760
2,308
2,856
1,358
3
1,872
-5,206
-1,313
-49
-94
-2,939
12.6
.3
4.5
-1.0
8.2
.3
-1.4
1.2
7.7
-.2
. 1
2.3
12.4
.1
.4
1.7
8.8
.5
-2.2
2.5
5
6
7
8
6,704
7,291
-92
-76
4,326
-2,894
8,946
-98
2,439
9,739
3,582
3,951
-75
-1,988
8,503
2,759
-340
34
2,014
12,779
1,226
33 2
7
2,581
543
487
-6,385
-33
-3,017
10,717
•6
4. 1
1.0
.9
2. 1
4. 9
.7
-.3
-. 1
2.9
-1.0
4.9
-.3
1. 8
*
4. 6
.1
.4
5. 1
-2.9
3.9
-. 1
.7
6.5
9
10
11
12
13
35,263
29,8j6
3,238
48,766
27,943
9,360
37,959
22,932
5,461
38,626
31,708
752
13,269
16,377
-5,291
16,970
13,590
—4,033
39.5
42.8
. 1
49. 7
50.2
-. 1
61. 1
50.9
1.9
59.6
44.2
2. 1
53.0 14
39. 1 15
.5 16
940
-47
2,332
-1,345
8,331
-276
356
8,251
8,110
179
785
7,146
5,274
1,365
2,293
1,616
623
118
43 5
70
1,949
15
-3,004
4,938
-4.2
. 1
-.3
-4.0
-1.7
. 1
.2
-2.0
6.9
1.2
1.4
4.3
13.5
.7
.3
12.5
12.6
1. 4
2.0
9.2
-12
1,261
-14
3,146
-16
1,4 72
-25
917
-2 0
1,580
-17
5,481
.1
.7
.2
1. 1
.2
1.2
•2
-.3
39
223
135
104
25
196
V
-.2
-.5
-.2
—.3 23
29,413
39,211
31,440
19,754
16,028
9,229
34.8
49.0
60. 1
56. 1
49. 3 24
-305
23 Discrepancy
24 Heao:
I
BILLIONS OF DOLLABS
1976
1977
1978
Savings and Loan Associations <1)
—
——————————————
-—- ————
1 current surplus
1985
♦
17
18
19
20
-.2 21
1. 1 22
(1) Includes nost Federal savings hanks that are insured hy FSLIC.
A few of then are included with nutual savings hanks.
Hutual Savings Eanks (2)
149
235
221
191
217
186
•4
•4
.7
.9
.7
1
3,643
-892
-331
1,621
1,686
668
-25o
-604
2,581
-58
-599
238
2,383
364
-214
49
6,740
219
-300
-217
1,595
77
-6
931
11.5
. 1
. 1
-. 1
13.8
*
•4
12.5
*
*
.6
10.9
1.0
.3
*
5.2
-.3
-.3
.9
2
3
4
5
1 Current surplus
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tiae deposits
5
Fed. funds and security RP’s
6
7
8
9
10
11
Corporate eguities
Credit market instruaents
U.S. Treasury securities
U.S. Govt, agency secur.
Tax-exeapt Obligations
Corporate bonds
110
2,503
262
245
-110
-238
-26
2,787
-74
-444
-30
-848
-77
3,200
-283
51
15
-48
-163
1,912
-132
630
25
-336
10 1
5,756
315
65 7
15
344
130
683
-674
-884
1
-295
•2
10.7
2.2
1.7
.6
3.5
. 1
12.8
1. 1
2.9
.9
2.8
•4
11. 1
. 1
2.6
•4
1.2
. 1
8.7
-.9
1.7
.5
. 1
12
13
14
15
Hortgages
Consumer credit
Coaaercial paper
Hiscellaneous assets
1,1x3
1,143
78
632
2,352
279
1,552
-883
2,366
686
413
-123
1,353
696
-324
435
1,366
60 1
2,458
1,181
2,053
531
-49
-220
2.3
.2
. 1
.6
4.4
.3
•4
•4
6.5
.5
*
.3
6. 4
•7
.2
.8
16 Net increase in liabilities
17
Deposits
18
Hiscellaneous liabilities
3,638
3,336
302
1,655
-1,074
2,729
2,497
2,363
134
2,371
3,179
-808
6,520
4,638
1,882
1,077
897
180
11.0
11.2
-. 1
13. 1
13.0
• 1
11. 5
11. 1
•4
10.0
8.6
1.4
4.6 16
3. 4 17
1.2 18
144
204
137
179
-3
-332
1
-. X
-.3
-. 1
♦ 19
19 Discrepancy
-. 1 6
4.4 7
-.2 8
1.3 9
-.4 10
-1. 1 11
3.6
. 1
1. 1
.5
12
13
14
15
(2) Includes Federal savings hanks insured hy FDIC and a few insured
oy FSLIC.
Credit Unions
106
104
77
65
46
29
.3
•4
.5
.6
.3
1
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tiae deposits
5
Savings and loan deposits
5,716
17
25
1,723
4,464
16
32
668
832
16
37
-1,905
1,441
15
42
-1,047
5,525
15
48
1,360
7,296
14
53
2,717
5.8
-. 1
.5
*
6.4
-. 1
-. 2
. 1
8. 2
. 1
• 1
.8
6.9
. 1
*
-.5
4.8
.2
*
1.8
2
3
4
5
6
7
8
9
3,95 1
1,401
129
2,421
3,748
-382
129
4,001
2,684
-1,361
130
3,915
2,431
-1,749
130
4,050
4,102
1,397
131
2,574
4,512
1,345
131
3,036
5.4
1. 1
.5
3.8
6. 6
.6
.5
5.5
7.2
.5
.3
6.4
7.3
. 1
.6
6.7
2.8
♦
.6
2. 2
6
7
8
9
5,610
4,360
755
1,376
5,479
7,267
5.5
6.0
7. 7
6.4
4. 4 10
1 Current surplus
Credit aarket instruaents
U.S. Governaent securities
Uoae aortgages
Consuaer credit
10 Credit union shares
11/85 BASED ON INCOHPLETE INFOBHATION
SBPTEHBER 23, 1985
Savings institations
Savings Institations
23
Sector Statenents of Saving and Investnent
SEASONALLI ADJOSTED ANNOAL SATES
1980
1982
1981
SEASONALLI ADJOSTED ANNOAL BATES
1983
1984
4
1
1984
I
II
Savings and Loan Associations
III
IV
I
I
1985
I
II
(D
1
1.4
-5.2
-3.2
-1.2
-.8
-1.2
-.9
-.7
-.3
*
2
3
4
52.6
28.3
2.6
35.8
17.7
.7
56.9
-23.6
4.2
122.6
47.1
8.9
159.3
77.5
10.2
145.3
65.4
2.8
184.9
102.1
11.6
154.0
81.0
13.6
153.2
61.3
12.8
59.0
42.2
10.5
5
6
7
8
21.7
.5
2.5
-.7
17.4
1.0
-.7
4.2
76.3
1.9
7.2
.4
66. 6
3.4
1.2
5.9
71.7
1.8
-5.5
7.9
77.1
2.0
-10.2
10.2
71. 1
.7
-8.7
4.7
59.3
.3
-7.9
5.1
79. 1
4.3
4.8
11.4
6.4
-2.2
7.2
-20.8
-5.2
•8
-2.5
-11.8
Other assets
Deaand deposits ♦ currency
Tiae deposits
Fed. funds ♦ security BP’s
5
6
7
8
9
10
11
12
13
5.7
8.1
*
1.5
4.1
-3.5
6.6
.1
1.2
8.5
7.5
29.8
-.5
2.7
27.3
15.7
29.8
.1
3.7
6.8
10.2
19.8
-.2
2.4
35.3
22. 1
29.2
4
24.3
-9.0
35.8
-.4
10.1
38.0
20.2
15.8
-.3
-8. 1
34.2
7.3
-1.4
.1
7.5
44.9
-.4
1.3
♦
10.9
10.3
4.4
-25.5
-. 1
-11.8
41.3
U.S. Treasury securities
U.S. Govt, agency secur.
Tax-exenpt Obligations
Open-aarket paper
Hiscellaneous
9
10
11
12
13
14
15
16
51.9
41.8
2.1
40.8
20.0
3.0
61.2
46.8
-1.2
123.9
101.8
13.9
160.6
112.4
18.8
146.9
111.9
13.0
186.4
118.3
37.4
155.3
99.3
21.8
153.9
120.1
3.0
59.4
57.9
-21.2
17
18
19
20
7.4
.4
-.1
7.1
15.5
-.5
16.2
2.5
.2
1.5
•8
-2. 1
#
5.0
-7.0
22.7
1.2
5.8
15.7
14. 2
-.2
7.2
7. 2
25.2
-1.1
1.7
24.5
27.4
.7
2. 1
24.5
23.9
5.5
12.0
6.4
12.8
.5
-1.0
13.3
-1.5
.1
-11.6
10.0
21
22
-.3
.9
-.3
2.6
♦
13. 1
*
10.4
-. 1
6.8
1
7.8
-.1
5.5
-. 1
6.8
1
7.0
-. 1
10.0
-. 1
14.1
-.2
23
.7
-.3
1.2
. 1
.5
.4
•6
.6
•4
.4
24
46.2
22.8
20.2
105.4
119.8
119. 0
150.3
122.3
87.7
64.5
• 4 Current surplus
57. 1 Net acg. of financial assets
Hortgages
42.6
19.6
Consuner credit
57.2 Net increase in liabilities
60.8
Deposits
-16.1
Security BP’s
1
2
3
4
14
15
16
Credit narket instruaents
Corporate bonds
Bank loans n.e.c.
Fed. hoae loan bank loans
17
18
19
20
Profit taxes payable
Hiscellaneous liabilities
22
.5 Discrepancy
29.2 Heao:
21
23
Acg.of credit akt.inst. 24
d) Includes nost Federal savings banks that are insured by FSLIC.
A fev of then ace included with nutual savings banks.
_____ ——-
...——T--T---------------- ,
————
Hutual Savings Banks <2)
1
-.4
-1.8
-1.3
.6
•8
•6
.9
.9
.8
.9
2
3
4
5
8.2
1.1
♦
•6
4.2
1.2
-.1
1.5
4.4
.1
1.4
*
19.3
-.7
#
-.6
10.3
.1
-1.4
1.3
10.4
-2.0
-1.3
2. 4
9.6
2.5
-1.0
-1.3
11.4
•1
-2.4
1.4
9.7
-.3
-.9
2.7
22.6
2.5
-1.2
-5.0
10.4 Net acg. of financial assets
•4
Denand deposits and currency
♦
Tiae deposits
5.1
Fed. funds and security RP’s
6
7
8
9
10
11
-.5
5.9
.8
2.5
-.5
.7
-.6
-.5
.7
.7
1.2
.2
-1. 1
.3
18.5
3.8
6.0
-.3
3.0
-.2
10.4
-.2
.5
-. 1
-1.5
.4
8. 5
-.8
1.3
-.4
-1.0
-.1
12.6
.5
-1.5
-.1
-3.4
-.3
13.2
-.5
• 1
.1
-.2
-.7
7.3
-.1
2.0
.1
-1.3
•4
21.3
-.8
3. 1
.1
1.4
.5
4.5
-1.4
-3.3
♦
-1.2
12
13
14
15
.6
1.6
.3
1.0
-.4
.2
1.3
1.2
-2.5
1.0
1.2
2.6
3.3
1.8
1.0
1.8
7.2
2.8
1.7
. 1
4.8
4. 6
*
2. 4
9.6
1.1
6.3
-3.1
9.1
2.7
1.9
-.6
5.2
2.8
-1.3
1.5
5.7
2.4
9.4
4.6
8.4
2.1
-. 1
1
16
17
18
8.3
7.5
•8
5.5
3.0
2.6
5.0
5.3
— .3
18.2
15.8
2.4
10.2
7.8
2.4
11.0
9.7
1.4
10.0
.3
9.7
10.6
12.0
-1.4
9.0
9.2
-. 1
22.4
14.5
7.9
19
-.2
-.4
-.7
-.5
.7
1. 2
1.3
.1
.1
.7
.9
-.2
1.2
-.1
-1.0
.7 Current surplus
1
2
3
4
5
Corporate eguities
Credit aarket instrunents
U.S. Treasury securities
U.S. Govt, agency secur.
Tax-exenpt Obligations
Corporate bonds
6
7
8
9
10
11
Hortgages
Consuaer credit
Coaaercial paper
Hiscellaneous assets
12
13
14
15
6.9 Net increase in liabilities
8.4
Deposits
-1.6
Hiscellaneous liabilities
16
17
18
-2.8 Discrepancy
19
(2) Includes federal savings banks insured oy FDIC and a few insured
by ESLIC.
Credit Onions
1
.2
.6
.5
.6
.4
•4
•4
.3
.3
.2
2
3
4
5
8.5
.1
2.1
3.9
3.7
.1
-.7
.6
11.8
•1
1. 1
15.5
.1
♦
-1.3
12.5
.1
•1
-.6
17.7
. 1
. 1
-. 1
14.6
.1
.1
-.6
7.9
.1
.1
.1
9.6
.1
•2
-1.6
16.3
•1
.2
-2.2
25.9 Net acg. of financial assets
Denand deposits and currency
.1
Tine deposits
•2
7.3
Savings and loan deposits
2
6
7
8
9
2.4
4.3
.5
-2.5
3.7
1.2
.5
1.9
10.6
8.8
.5
1.3
16.7
10.0
.5
6.2
12.8
-2. 1
.5
14.4
17.7
5.6
.5
11.5
15.0
-1.5
.5
16.0
7.7
-5.4
.5
12.6
11.0
-7.0
.5
17.5
18.3
5.6
.5
12.2
18.3
5.4
.5
12.3
Credit narket instruaents
U.S. Governnent securities
Hoae aortgages
Consuaer credit
6
7
8
9
10
8.3
3. 1
11.2
14.9
12.1
17.3
14.2
7.6
9.3
16. 1
25.7 Credit union shares
BILLIONS OF DOLLARS.
11/85 BASED ON INCOHPLETE INFORMATION.
•1 Current surplus
1
3
4
5
10
SEPTEMBBB 23, 1985
Iasurance aad Pension Ponds
Insurance and Pension Funds
24
Sector Stateaents of Saving aad Investaent
OMADJOSTED MET PIOUS(M MILL)
UNADJOSTED MET PIOUS($ MILL)
1984
I
II
III
If
|
|
1985
I
II
1975
BILLIONS OP DOLLABS
1976
1977
1978
1979
life Insurance Coapanies
1,907
1,399
1,860
1,342
1,861
1,489
1,836
1,931
1,822
1,831
1,805
2,199
2.5
2.3
2.8
2.0
3.6
1.9
4.3
2.2
4.9
3.0
1
2
3 Met acg. of financial assets
4
Deaand deposits and currency
14,146
-1,179
14,428
14
17,556
-104
17,958
1,936
16,379
-1,851
16,558
1,431
20.4
-.1
28.2
.1
31.2
.1
35.6
.2
37.5
•3
3
4
Corporate eguities
Credit aarket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
394
13,679
4,332
2,277
2,055
-167
13,514
3,370
772
2,598
486
16,051
6,147
3,282
2,865
-3
14,685
9,726
6,237
3,489
1,489
15,177
3,780
1,288
2,492
800
12,583
2,838
1,690
1,148
1.9
16.9
1.7
1.4
.4
3.0
23.7
1.5
•6
•9
1.2
27.5
1.6
-. 1
1.7
-. 1
33.1
2.0
-.5
2.5
.6
33.0
2.9
.1
2.8
5
6
7
8
9
-727
6,173
446
3,283
172
1,252
-46
6,377
2,400
1,636
-223
1,067
8
5,762
1,957
1,721
456
1,123
536
5,401
1,481
-2,496
37
1,340
13
6,963
1,674
2,898
-151
1,564
2
7,376
2,799
-249
-183
1,744
•8
9. 1
2.9
.7
1.6
1.7
1. 1
16.9
2.4
.4
1. 4
1.5
.5
18.8
5.2
-.3
1.7
2.5
.4
17.3
9.3
1.5
2.6
2.4
4
11.6
12.3
1.6
4.7
3.5
10
11
12
13
14
15
14,063
1,425
9,302
-25
3,361
14,335
1,069
9,247
-36
4,055
17,867
1,056
12,825
-45
4,031
18,546
1,416
13,816
-66
3,380
16,705
1,729
12,267
-60
2,769
17,523
1,997
12,927
-62
2,661
19.8
7.9
8.7
1
3.3
27.6
8.6
15.0
• 1
3.9
31. 1
9.3
16.8
•4
4.6
3S. 1
10.9
19.1
.3
4.8
35.1
10.4
19.4
4
5.3
16
17
18
19
20
425
425
683
493
317
571
-.4
•2
1.5
1.7
1 Current surplus
2 Physical investaent
5
6
7
8
9
10
11
12
13
14
15
Tax-exeapt Obligations
Corporate bonds
Mortgages
Open-narket paper
Policy loans
Miscellaneous assets
16 Net increase in liabilities
Life insurance reserves
17
18
Pension fund reserves
19
Profit taxes payable
Miscellaneous liabilities
20
21 Discrepancy
4 21
Private Eension Punds
——————————————-————————— ———————— —■—
6,851
633
3,768
7,575
652
3,922
2,780
-493
-4,421
8,807
-59
-278
7,692
-76
-444
8,504
63
555
23.1
.2
-2.2
18.9
•2
1.3
23. 1
.1
1.8
28.7
.2
3.6
40.9
.5
2.6
1
2
3
Corporate eguities
credit narket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
-1,099
3,549
2,769
261
2,508
-4,800
7,801
3,255
2,063
1,192
700
6,994
6,039
4,744
1,295
2,600
6,544
6,615
4,898
1,717
3,915
4,297
4,491
4,532
-41
311
7,555
5,721
4,293
1,428
6.7
18.4
12.5
9.5
3. 1
7.7
9.7
7.3
6.8
.6
4.9
16.2
6.7
5.9
.8
2. 1
22.8
4.9
2.9
2.0
9.3
28.3
11.6
6.6
5.0
4
5
6
7
8
Corpgrate bonds
Hortgages
Open-aarket paper
Miscellaneous assets
-2,564
307
3,037
1,330
-133
3,349
3,379
121
-2,545
36
23
-130
629
120
-943
600
120
1,114
4. 4
*
1.5
.7
a
1.7
3.6
.1
5.8
10.3
•2
7.3
12.8 9
.4 10
3.5 11
12
1 Net acg. of financial assets
Deaand deposits and currency
2
3
Tine deposits
4
5
6
7
8
9
10
11
12
State and Local Governaent Enployee Betirenent Punds
1 Net acg. of financial assets
Deaand deposits and currency
2
8,329
1,542
8,271
1,156
12,317
894
11,719
-1,094
8,733
1,574
9,850
-1,257
11.3
-.4
12.9
*
15.9
.3
20.7
1.0
16.2
1.3
2
Corporate eguities
Credit aarket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
133
6,654
6,591
5,651
940
-253
7,368
2,965
2,964
1
3,240
8,183
5,503
4,996
507
3,862
8,951
6,565
2,983
3,582
7,074
85
4,949
5,360
-411
4,735
6,372
2,155
2,036
119
2.4
9.3
1.6
1.0
.7
3. 1
9.6
3. 1
1.5
1.6
3.7
11.9
5.5
2.7
2.7
2.6
17.0
7. 1
2.7
4.4
4. 1
10.8
6. 6
5.3
1.4
3
4
5
6
7
151
-163
75
113
4,081
209
-210
2,857
33
-469
2,560
295
213
-5,177
100
-48
4,165
100
1.0
u.8
-.2
1.4
5. 1
.2
.2
6.0
.3
.4
9.0
.5
4 8
3.2 9
1.0 10
3
4
5
6
7
8
9
10
Tax-exeapt Obligations
Corporate bonds
Mortgages
1
Cther Insurance Coapanies
359
339
355
362
366
377
-.7
•9
4.6
4.6
4.3
1
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Security rps
3,487
77
1,387
3,966
186
2,022
3,789
167
487
3,564
60
301
4,042
15
776
4, 145
-71
995
7.3
• 1
-
14.9
.2
•
20.2
.3
-
20.4
.4
-
18.8
.3
-
2
3
4
Corporate eguities
Credit aarket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
-312
1,426
1,756
983
773
-1,449
2,026
1,637
844
793
-1,267
3,215
2,694
1,802
892
-275
2,459
2,027
1,273
754
-2
2,369
1,633
1,083
550
52
2,383
1,391
697
694
-.7
7.3
2.5
1.9
•6
.9
12.5
3. 1
2.6
•6
1.2
17.5
3.0
2.5
.5
2.0
16.5
1.2
.7
.5
3.2
13.4
1.3
•2
1.1
5
6
7
6
9
-586
153
103
909
-553
866
76
1,181
-420
881
60
1,187
-366
748
50
1,019
101
606
29
884
480
494
18
786
2.6
2.2
. 1
•6
5.4
3.9
. 1
1.2
10.7
3.7
.1
1.3
13.5
1.8
4
1.5
9.9
2.0
.3
1.9
10
11
12
13
3,902
670
-7
3,239
4,167
683
-9
3,493
4,107
761
-11
3,357
3,985
707
-17
3,295
4,113
781
-13
3,345
4,412
795
-13
3,630
7.2
1.0
♦
6.2
11.3
.9
.1
10.3
14. 1
1.4
. 1
12.6
15.0
.8
.1
14.1
15.6
.9
4
14.7
14
15
16
17
774
540
673
783
437
644
-.9
-2.8
-1.5
-.7
1 Current surplus
5
6
7
8
9
10
11
12
13
Tax-exeapt Obligations
Corpgrate ronds
Coaaercial aortgages
Trade credit
14 Net increase in liabilities
15
Corporate eguity issues
16
Profit taxes payable
Policy payables
17
18 Discrepancy
11/85 BASED ON INCOMPLETE IMPOfiMATION
1. 1 18
SEPTEHBEB 23, 1985
Insurance and Pension fands
Insurance and Pension Funds
25
Sector Stateaents of Saving aad Investnent
SEASOBALLT ADJUSTED AVHUAL BATES
SEASONALLY ADJUSTED AVHUAl. BATES
1981
1980
1982
1983
1984
|
J
1984
III
II
I
IT
|
J
1985
II
I
Life Insurance Coapanies
—————————————— -———————————————————————
1
2
1
2
6.3
3.9
6.3
5.3
6.3
4.6
7.4
4.0
7.5
6.2
7.6
5.6
7.4
5.4
7.4
6.0
7.3
7.7
7.3
7.3
3
4
37.8
.5
45.9
1.1
55.4
.3
59. 1
-.6
64. 1
.7
54.9
1. 1
56.1
-1.0
71.6
-.3
71.8
2.8
63.5
-1.5
67.0 Vet acg. of financial assets
4.7
Denand deposits and currency
3
4
5
6
7
3
9
.5
33.2
2.7
1.0
1.8
2.9
34.7
5.5
2.3
3. 1
3.4
43.5
12.7
8.4
4.3
3. 1
50.6
19.3
12. 1
7.5
.7
57.9
23.6
12.6
11.0
1.6
47.2
15.9
7. 7
8.2
-.7
55.6
17.9
7.5
10.4
1.9
65.4
26.4
15.0
11.5
*
63.6
34.0
20.1
14.0
6.0
52.8
13.8
3.8
10.0
3.2
52.1
16.4
11.8
4.6
Corporate eguities
credit aarket instrunents
U.S. Governaent securities
Ireasury issues
Agency issues
5
6
7
8
9
10
11
12
13
14
15
.3
8.7
12.7
3.6
.5
7.3
6.7
7.4
7.3
7.3
1.9
16.2
4.2
4.2
4.3
8.1
.9
16.7
9.0
3.4
1. 1
6. 1
-.2
23.7
6.3
4.1
•4
4.8
-2. 1
22.3
3.4
7.0
.7
5.0
-.6
21.7
10.0
7.4
-.9
4.3
.3
25.4
8.4
3.1
1.8
4.5
1.5
25.5
3.3
-.9
. 1
5.4
1.0
25.3
8.4
5.0
-.6
6.3
-.5
25.5
11.5
-.1
-.7
7.0
Tax-exenpt Obligations
Corporate bonds
Hortgages
Opea-aarket paper
Policy loans
Biscellaneous assets
16
17
18
19
20
3 5.5
9.7
22.3
-.4
3.8
46. 1
8.9
29.5
-.5
8.2
53.7
7.0
39.7
*
7.0
57.2
7.8
40.2
-. 1
9.2
64. 8
5.0
45.2
-.2
14.8
56.3
5.7
37.2
1
13.5
57.3
4.3
37.0
—.2
16.2
71.5
4.2
51.3
-.2
16. 1
74.2
5.7
55.3
-.2
13.5
66.8
6.9
49. 1
-.3
11.1
70.1 Het increase in liabilities
8.0
Life iasurance reserves
51.7
Pension fund reserves
-.3
Profit taxes payable
10.7
Hiscellaaeous liabilities
.1
1.2
4
1.4
2.0
3.4
1.3
1.4
2.0
3.3
21
2.2
6.6
——
7.2 Current surplus
8.6 Physical investnent
1.5 Discrepancy
10
11
12
13
14
15
16
17
18
19
20
21
————
Private Pension Funds
1
2
3
48.7
.1
.4
37.9
.2
1.2
54.2
-.2
-1.3
46. 2
•6
4. 4
26.0
.7
3.0
35.3
2.5
15. 1
36.6
2.6
15.7
4.3
-2.0
-17.7
27.8
-.2
-1.1
39.8
-.3
-1.8
40.8 Vet acg..of financial assets
•3
Denand deposits aad currency
Tine deposits
2.2
1
2
3
4
5
6
7
8
17.7
30.6
19.5
13.0
6.5
5.4
31. 1
26.2
20. 1
35.6
35.7
25.4
10.3
15.3
25.9
15.5
10.2
5.3
-2.6
24.9
16.7
12.0
6.7
•4
17.3
14.2
3.7
10.4
-14.3
32.6
14.4
9.3
5.1
.4
23.6
19.9
15.3
4.6
3.1
26.0
26.3
19.5
6.8
20.9
20.9
21.7
21.4
.3
6.7
31.6
24.2
18.2
6. 1
Corporate eguities
Credit aarket instrunents
U.S. Governaent securities
Treasury issues
Agency issues
4
5
6
7
8
9
10
11
12
10.7
3.4
1. 1
.3
-1.5
5.8
.1
4.5
4.2
.3
3.7
-
-10.3
1.3
12. 1
•
5.3
-.5
13.4
13.5
•4
-10.2
-
•1
.1
-.5
-
2.5
.5
-3.8
2.4
•5
4.5
-
15.9
10.3
.4
•3
-. 1
1.3
Corporate bonds
Hortgages
Open-aarket paper
Hiscellaneous assets
9
10
11
12
— -------,----____ __ __ —— ———
State and Local Governnent Eaployee Retireaent Funds
—___ — ___
1
2
26.5
.3
31.8
.2
34.5
2.5
35.8
3.2
40.6
2.5
33.3
6.2
33.1
4.6
49.3
3.6
46.9
-4.4
34.9
6.3
39.4 Het acg. of financial assets
Deaand deposits and currency
-5.0
1
2
3
4
5
6
7
5.3
20.9
9.5
6.2
3.7
9. 1
22.5
11.8
6.6
5.2
8. 6
23.4
19.4
9.3
10.1
16.5
16.0
17.0
12.0
4.9
7.0
Jl.2
21.6
16.6
5.0
.5
26.6
26. 4
22. 6
3.6
-1.0
29.5
11.9
11.9
V
13.0
32.7
22.0
20.0
2.0
15.4
35.8
26.3
11.9
14.3
28.3
.3
19.8
21.4
-1.6
18.9
25.5
8.6
8. 1
•5
Corporate eguities
Credit narket instrunents
U.S. Governnent securities
Ireasury issues
Agency issues
3
4
5
6
7
8
9
10
. 1
9.5
1.3
-.2
9.2
1.6
-.7
3.5
1.3
-1.1
-.7
.9
-.4
9.3
.6
.6
-. 7
.3
.5
16.3
.8
-.8
11.4
.1
-1.9
10.2
1.2
.9
-20.7
•4
-.2
16.7
•4
Tax-exeapt Obligations
Corporate bonds
Hortgages
8
9
10
Other Insurance Coapanies
1
5.3
3.5
2. 1
1.8
1.4
1.4
1.4
1.4
1.4
1.5
2
3
4
15.0
.1
-
14.2
.1
.1
13.8
*
4.0
15.0
-.4
9.6
14.8
.5
4.2
13.0
.3
5.5
17.9
.7
8.1
13.8
.7
1.9
14.6
.2
1.2
15.1
. 1
3.1
5
6
7
8
9
3.1
9.9
1.8
1.6
.2
2.0
9.4
2.2
1.4
.8
2.7
5.0
2.2
•6
1.5
2. 1
1.7
5.5
3.3
2.2
—3.3
9.1
8. 1
4.9
3.2
-1.2
4. 7
6.0
2.9
3. 1
-5.8
10.1
8.6
5.4
3.2
-5. 1
11.5
9.4
5.8
3.6
-1.1
10.2
8.5
5.5
3.0
8.4
5.5
3.3
2.2
.2
11.5
7.5
4.8
2.8
10
11
12
13
7.7
*
.3
2.0
4.0
2.8
.4
2.6
3.0
-.5
2. 1
-.3
-4.2
.7
2.0
-1.9
2.6
.3
4.3
-2.3
.6
.4
3.6
-2.2
3.5
.3
4.7
-1.7
3.5
.2
4.7
-1.5
3.0
.2
4.1
.4
2.4
• 1
3.5
1.9
2.0
. 1
3.1
14
15
16
17
13.4
1.2
-.2
12.4
11.8
1.1
-.2
10.8
13.4
2.6
*
10.6
13.5
1.5
4
12.0
16.2
2.8
15.6
2.7
16.7
2.7
13.4
13.0
14.0
16.4
3.0
4
13.4
15.9
2.8
-.1
13.2
16.4
3. 1
-.1
13.4
18
4.2
1.0
1.6
•4
2.8
4. 1
.1
4.1
2.8
2.8
BILLIONS OF DOLLARS.
.3
♦
♦
11/85 BASED OH IHCOHPLETE INFOBHATION.
4
4
1.5 Current surplus
1
2
18.6 Het acg. of financial assets
-.3
Deaaad deposits and currency
Security rps
4.0
3
4
Corporate eguities
Credit narket instruaents
U.S. Governaent securities
Ireasury issues
Agency issues
5
6
7
8
9
Tax-exenpt Obligations
Corporate bonds
Coanercial aortgages
Trade credit
17.6 Het increase in liabilities
Corpqrate eguity issues
3.2
Profit taxes payable
-.1
Policy payables
14.5
• 6 Discrepancy
10
11
12
13
14
15
16
17
18
SEPTEHBEB 23, 1985
finance B.E.C.
finance N.E.C,
26
Sector Stateaents of Saving aad Investaent
UNADJUSTED NET fLONS(S HILL)
UNADJUSTED NET FLOSS($ HILL)
1984
I
1 Current surplus of group
-3,517
II
-1,142
1
|
IV
III
-899
-1,538
1985
I
-1,535
1975
II
-1,531
BILLIONS OF DOLLABS
1976
1977
1978
1979
1.3
-.8
-2.2
-.9
-2.5
1
1
2
3
4
5
6
finance Coapanies
1 Net acg. of financial assets
2
Deaand deposits and currency
Credit aarket instruaents
3
4
Hortgages
5
Consuaer credit
Other loans (to business)
6
7 Net increase in liabilities
Credit aarket instruaents
8
Corporate bonds
9
Eank loans n.e.c.
10
11
Open-aarket paper
12
13
14
Profit taxes payable
Inv. by parent coapanies
Other aisc. liabilities
6,444
19
6,425
1,264
-1,895
7,056
10,456
18
10,438
2,328
4,164
3,946
3,548
17
3,531
-1,365
4,795
101
14,847
16
14,831
-140
4,275
10,696
6,864
15
6,849
500
137
6,212
11,287
14
11,273
500
7,596
3,177
2.9
.2
2.6
-1.3
•2
3.7
11.9
.2
11. 7
-.4
3.4
8.6
22.7
.2
22.5
1.2
7.8
13.5
26.3
.2
26. 1
3.0
11.6
11.5
30.0
•2
29.8
3.5
16.2
10. 1
5,560
3,373
2,216
-3,917
5,074
5,689
-1,928
-595
317
-1,650
6,021
9,350
4,175
-590
5,765
13,715
7,290
3,354
-740
4,676
6,483
8,458
1,140
-1,757
9,075
13,220
15,306
7,314
3,025
4,967
5. 1
.5
2.7
-2.8
.6
12.7
4. 3
3. 1
-2. 1
3.3
23.6
16.9
7.8
.7
8.4
22. 1
16.7
6.4
2.5
7.8
25.3 7
15.3 8
4.3 9
-2.3 10
13.3 11
2
811
1,374
2
4,954
2,661
3
-3,832
500
1
4,725
1,699
6
-2,442
461
7
-2,173
80
3.4
1.2
6.4
2. 1
. 1
-.5
7. 1
•1
2.7
2.6
-. 1 12
5.5 13
4.6 14
Beal Estate Investaent Trusts
1 Physical investaent
2 Net acg. of financial assets
Hortgages
3
4
Hiscellaneous assets
5 Net increase in liabilities
6
Corporate eguity issues
7
Credit aarket instruaents
Hortgages
8
Corporate nonds
9
10
Bank loans n.e.c.
Cpen-market paper
11
12
Hiscellaneous liabilities
25
53
59
44
33
27
3.0
1.6
.2
-.3
-. 1
1
262
222
40
431
222
209
417
221
196
258
222
36
24 9
221
28
273
221
52
-3.6
-4.8
1.2
-4. 1
-3.8
-.3
-3.2
-2. 4
-.8
-.3
-1. 1
.8
♦
2
3
4
341
285
22
-11
-25
3
55
534
374
11b
-22
-25
107
56
537
408
85
-23
-25
76
57
363
363
-46
-16
-25
-64
59
34 9
33 7
14
-5
-28
35
12
369
321
48
-1
-10
39
20
*
-1. 1
-. 1
•4
-.6
. 1
-2.0
-.3
-1.9
•4
-.2
-1.9
—.3
-2.4
.6
-2.5
*
-. 1
-2.4
*
-.2
•4
-.4
.2
-.2
-.5
• 1
5
6
7
8
♦ 9
-• 2 10
. 1 11
34
44
44
46
-2
-
1.3
.2
-.5
-.1
-.2 12
-1.0
.9
.2
.5
-. 1
*
Open-End Investaent Coapanies (Hutual Funds)
1 Current surplus
-3,184
-795
-588
-1,205
-1,228
-1,220
-. 1
-. 1
-.7
-.8
-.9
1
2 Net acg. of financial assets
3
Deaand deposits and currency
10,468
16
5,483
8
8,086
223
7,879
114
22,213
304
22,902
442
-.4
.1
-2.5
. 1
.2
*
-.9
♦
-.8
. 1
2
3
4
5
6
7
8
9
2,383
8,069
1,390
6,U8
-1,114
1,625
797
4,678
1,393
1,251
1,105
929
2,252
5,611
2,045
2,363
-204
1,407
423
7,342
1,524
3,614
3,765
- 1,561
3,73 7
18,172
9,374
13,268
-3,009
-1,461
2,590
15,870
2,295
6,054
9,051
2,470
-.9
.5
*
.7
-.2
-2.4
-. 2
*
.5
•3
-1. 1
-3.7
3.9
.2
1.6
1. 1
1. 1
-1.6
.8
-.2
.5
-.7
1. 1
-2. 8
1. 9
*
1. 4
.8
-.2
4
5
6
7
8
9
13,652
6,278
8,674
9,084
23,441
24,122
-.3
-2.4
.9
-. 1
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Tax-exenpt Obligations
Corporate bonds
Open-Barket paper
10 Net share issues
. 1 10
Honey Harket Hutual funds
1 Met acg. of financial assets
2
Demand deposits and currency
3
Tiae deposits
4
Security RP’s
5
foreign deposits
11,228
-292
-3,446
4,591
1,«76
3,854
279
3,757
-413
-803
5,129
-330
-4,718
3,342
680
26,972
-627
4,002
2,220
-2,451
-3,024
-1,133
—2,320
521
-256
5, 108
2,022
-1,505
-5,314
-2,361
1.3
#
.5
. 1
-
♦
♦
-.7
♦
-
.2
*
.3
. 1
*
6. 9
*
2.7
• 1
.5
34.4
*
7.5
2. 1
4.6
1
2
3
4
5
6
7
8
9
8,096
-1,092
9,188
403
957
-3,583
4,540
77
6,019
170
5,849
136
22,912
10,678
12,234
91b
-82
1,362
-1,444
246
12,534
718
11,816
-268
.7
•8
-. 1
*
.6
.2
.4
*
1
-.3
• 1
-. 1
3.2
.6
2.6
ec
19.8
4.2
15.6
.4
6
7
8
9
11,228
3,854
5,129
26,972
-3,024
5,108
1.3
*
•2
6.9
34. 4 10
Credit market instruments
U.S. Governaent securities
Cpen-aarket paper
Hiscellaneous
10 Net share issues
Security Brokers and Dealers
1 Net acg. of financial assets
2
Deaand deposits and currency
-760
-26
r1,0J4
78
965
111
7,058
72
-3,407
54
6,669
52
3.2
*
8.4
.2
.9
*
.2
.2
1.2
.9
1
2
Corporate eguities
Credit aarket instruments
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Security credit
570
-1,296
-1,966
100
570
-8
1,133
-1,138
-2,0/0
-200
1,132
-1,107
544
1,619
675
400
544
-1,309
1,461
6,143
4,382
300
1,461
-618
-1,727
-2,734
-607
-400
-1,727
1,000
946
2,871
1,325
600
946
2,800
1.2
1.0
-. 1
-.1
1.2
1.0
.5
3. 1
2.4
.3
.5
4.6
.2
-.3
-.7
.2
.2
1.0
-.4
-1.3
-.8
-.2
-.4
1.6
-1.5
.6
1.9
.2
-1.5
1. 1
3
4
5
6
7
8
-981
-1,002
-1,0b7
65
-1,237
-1,258
-1,019
-239
715
695
1,006
-311
6,830
6,782
6,936
-154
-3,666
-3,677
-3,639
-3 8
6,413
6,425
6,397
28
2.9
2.9
2.2
•6
8. 0
7.9
6.5
1. 5
.8
.9
1.9
-1.0
♦
a
-2. 4
2.5
1.2 9
1. 1 10
-.8 11
1.8 12
21
21
20
48
11
-12
♦
.1
-. 1
♦
. 1 13
3
4
5
6
7
8
9 Net increase in liabilities
10
Security credit
11
Froa oanks
12
Custoaer credit balances
13
Profit taxes payable
11/85 BASED ON INCOHPLETE INFOBHATION
SEPTEMBEB 23, 1985
Finance N.E.C.
Finance N.E.C
27
Sector Stateaents of Saving and Investaent
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1985
1984
1
1980
1981
1982
1983
1984
-4.2
-3.8
-4.3
-5.3
-7.1
1
II
I
-11.5
III
IV
1
I
II
-6.4
-5.4
-5.1
-3.3
-8.1 Current surplus of group
1
1
2
3
4
5
6
Finance Companies
1
2
3
4
5
6
i3.e
.1
13.5
-.6
8.3
5.8
21.0
. 1
2C.9
.2
10.7
10.0
8.0
.1
7.9
2.2
4.6
1. 1
25.3
. 1
25.2
.9
12.3
12. 1
35.3
•1
35.2
2. 1
11.3
21.8
36.4
.1
36.3
4. 8
5. 3
26.2
36.7
•1
36.6
6.9
14.6
15.1
26.5
. 1
26.4
-4.6
19.0
12.0
41.7
.1
41.6
1.3
6.4
33.9
39.9
.1
39.8
1.4
16.3
22. 1
40.4 Net acg. of financial assets
Denand deposits and currency
.1
Credit aarket instruments
40.4
Mortgages
-.6
28.6
Consuaer credit
Other loans (to business)
12.3
7
8
9
10
11
6.6
-1.1
.1
-.7
-.5
26.0
18.2
3.6
.7
13.9
12.8
6.3
8.4
•3
-2.4
22.5
11.3
3.6
-4.9
12.6
31.0
18. 1
9.2
-4.9
13.9
32. 1
23.3
6.3
-8.3
25.3
18.3
-12.2
3.0
-.5
-14.8
37.2
50.5
17.0
4.0
29.5
36.4
10.7
10.2
-14.9
15.4
38.4
46.3
1.8
1.9
42.6
48.5 Net increase in liabilities
Credit narket instruments
56.9
35.4
Corporate bonds
Bank loans n.e.c.
10.5
Open-narket paper
11.0
7
8
9
10
11
12
13
14
-.2
4.4
3.5
-. 2
7.9
*
*
6. 1
.5
*
6.8
4.4
*
6.7
6.2
♦
3.2
5.5
*
19.8
10.6
♦
-15.3
2.0
♦
18.9
6.8
♦
-9.8
1.8
V
-8.7
.3
12
13
14
-____ —— —— ________
Profit taxes payable
Inv. by parent companies
Other aisc. liabilities
__ _____ _ ———
__
Beal Estate Investment Trusts
1
-.1
.1
.3
-. 1
.2
. 1
•2
.2
.2
.1
2
3
4
-.2
-.7
.5
-. 1
-1. 1
1.0
•2
. 1
. 1
•
1.4
.9
.5
1.0
.9
.2
1.7
•9
.8
1.7
.9
•8
1.0
.9
.1
1.0
.9
.1
1.1 Net acg. of financial assets
Mortgages
.9
Miscellaneous assets
•2
2
3
4
5
6
7
8
9
10
11
-.1
.3
-.5
*
-.2
-.1
-.2
.2
.3
-.2
♦
-.7
.5
♦
.7
•6
. 1
*
, 1
-.1
.2
•4
-.3
*
•
-.2
-. 1
1.8
1.4
•2
-.1
-.1
.1
.2
1.4
1. 1
. 1
♦
1
V
.2
2« 1
1.5
.5
-. 1
-.1
•4
.2
2. 1
1.6
.3
-. 1
-. 1
.3
.2
1.5
1.5
-.2
-. 1
-.1
-.3
.2
1.4
1.3
. 1
♦
-.1
. 1
*
1.5 Net increase in liabilities
Corporate eguity issues
1.3
Credit market instrunents
•2
*
Mortgages
*
Corporate bonds
Bank loans n.e.c.
.2
Open-market paper
•1
5
6
7
8
9
10
11
12
.1
. 1
*
*
.2
• 1
.2
•2
.2
*
Miscellaneous liabilities
12
♦
.3
♦
• 1 Physical investment
-
1
Open-End Investment Companies (Mutual Funds)
1
-2.0
-1.6
-1.9
-4.0
-5.8
-10. 1
-5.0
-4.2
-3.8
-2. 1
-6.8 Current surplus
1
2
3
3.1
.1
4.7
♦
16.5
.3
28.9
.6
31.9
•4
40.5
. 1
23.7
*
31.2
.9
32.3
.5
87.2
1.2
93.6 Met acg. of financial assets
1.8
Demand deposits and currency
2
3
4
5
6
7
8
9
-1.8
4.8
.3
2.w
1.3
1.2
-.6
5.3
.9
2.9
1.6
-. 1
3.5
12.7
2.3
10.9
.2
-.6
13.7
14.6
.6
10.3
2.7
1.0
5.9
25.7
13.4
3.6
2.4
8. 2
32.3
5.6
24.7
-4. 5
6.5
4.9
18.7
5.6
5.0
4.4
3.7
7.8
22.4
8.2
9.5
-.8
5.6
2.5
29.4
6.1
14.5
15.1
-6.2
13.3
72.7
37.5
53. 1
-12.0
-5.8
Corporate eguities
Credit narket instruaents
U.S. Government securities
Tax-exenpt Obligations
Corporate bonds
Open-market paper
4
5
6
7
8
9
10
5.2
6.3
18.4
32.8
37.7
50. 6
28.7
35.4
36.1
89.3
6.4
12.3
79.5
9.2
24.2
36.2
9.9
100.4 Net share issues
10
Honey Market Mutual Funds
1
2
3
4
5
29.2
.1
9.0
3.2
1.7
107.5
-.7
22.8
8.9
12. 1
24.7
.8
-3. 1
1.7
4.9
-44. 1
-.6
-16.8
-3.2
-1.8
47.2
-1.0
-.4
9.7
-.7
44. 9
-1. 2
-13.8
18.4
7.5
15.4
1.1
15.0
-1.7
-3.2
20.5
-1.3
-18.9
13.4
2.7
107.9
-2.5
16.0
8.9
-9.8
-12. 1
-4.5
-9.3
2. 1
-1.0
6
7
8
9
14.9
2.6
12.3
.4
62.5
23.7
38.8
1.9
21.4
22.7
-1.3
-1. 1
-21.4
-18.4
-3.0
4
38.0
6.2
31. 8
1.5
32. 4
-4. 4
36. 8
1. 6
3.8
-14.3
18.2
.3
24. 1
.7
23.4
.5
91.6
42.7
48.9
3.7
-.3
5.4
-5.8
1.0
10
29.2
.107.5
24.7
-44. 1
47.2
44. 9
15.4
20.5
107.9
-12. 1
20.4 Net acg. of financial assets
8.1
Demand deposits and currency
Tine deposits
-6.0
Security BP’s
-21.3
-9.4
Foreign deposits
50. 1
2.9
47.3
-1.1
Credit market instruments
U.S. Governaent securities
Open-market paper
Miscellaneous
20.4 Met share issues
1
2
3
4
5
6
7
8
9
10
Security Brokers and Dealers
1
2
7.0
.5
2.7
.1
4.5
2.0
5.3
-.9
6.2
.2
11.3
-. 1
-7.5
.3
6.8
•4
14.4
.3
1.0
.2
3
4
5
6
7
8
.7
-.7
-1.4
*
.7
6.5
2.7
2.3
-.6
.2
2.7
-2.4
-.7
-.5
•4
-.2
-.7
3.7
5.4
-6.6
-12.4
•4
5.4
7.4
3.7
5.3
1.0
•6
3.7
-3.0
9.4
2.0
-7.9
.4
9.4
V
2.8
-6.2
-8.3
-.8
2.8
-4.4
3.7
8.0
2.7
1.6
3.7
-5.2
-1.1
17.6
17.5
1.2
-1. 1
-2.5
•4
-3.6
-2.4
-1.6
•4
4.0
9
10
11
12
6.2
6.0
.8
5.2
2.5
2.5
4.6
-2. 1
3.8
3.6
-. 1
3.7
4.0
3.8
1.4
2.4
5.3
5. 2
5.9
-.6
10. 4
10.3
10.0
.3
-8.3
-8.5
-7.5
-1.0
5.8
5.7
7.0
-1.2
13.4
13.4
14.0
-.6
1
-.1
13
.2
*
.2
.2
.1
• 1
•2
. 1
• 1
.1
BILLIONS OF DOLLABS.
11/85 BASED ON INCOMPLETE INFOBHATION.
-.2
23.8 Net acg. of financial assets
Deaand deposits and currency
.2
1
2
Corporate eguities
Credit market instruaents
U.S. Governaent securities
Tax-exenpt Obligations
Corporate bonds
Security credit
3
4
5
6
7
8
2.3
10.0
5.3
2.4
2.3
11.2
22.7 Net increase in liabilities
22.7
Security credit
Froa banks
22.6
Custoner credit balances
.1
*
Profit taxes payable
9
10
11
12
13
SEPTEHBEB 23, 1985
Monetary and Insurance Reserves
28
Honetary and Insurance Reserves
foreign Exchange, Treasury Currency, Insurance Reserves, and Interbank Claia
UNADJUSTED NET FLOWS($ HILL}
UNADJUSTED NET FLOHS($ HILL)
1984
I
II
III
IV
1
1
1965
1975
11
1
BILLIONS OF DOLLABS
1976
1977
1978
1979
Gold and Official Foreign Exchange Holdings CD
1 Total U.S. reserves
947
108
305
958
162
472
•8
2.6
.4
-.7
.1
1
. 1
.1
*
•2
.1
• 1
-1.2
-1.3
.1
.1
•3
-.2
2
3
4
*
-.3
-1. 1
.9
5
6
7
8
2 U.S. gold stock and SDB's
3
U.S. Govt.: Ex. Stab. Fund
4
Honetary authority (2)
218
228
-10
276
287
-11
268
271
-3
195
196
-1
258
261
-3
177
180
-3
*
.1
-. 1
5 U.S. foreign exchange position
Official fgn.currency hldgs.
6
7
Treasury
8
Honetary authority
729
528
205
323
-168
-488
-210
-278
37
-293
-82
-211
763
620
545
75
-76
385
11
374
295
367
189
178
.6
•3
•2
• 1
2.5
.3
.2
. 1
.1
-.2
♦
-.2
.5
4.7
3. 1
1.6
201
166
13
320
335
-15
330
327
3
143
162
-19
-461
-487
26
-72
-62
-10
•5
.4
. 1
2.2
2.2
V
.3
.3
-4.2
-4.2
V
1.2
•6
.7
-. 1
.3
.5
.1
-.3
.5
.5
.1
*
1.6
1.3
.5
-.2
1
2
3
4
9
10
11
Net IBF position
U.S. Governaent asset
Honetary authority
•2 9
.2 10
11
(1) Lines 1, 2, and 3 exclude increases in SDB's through allocations, which
occurred at varxous dates beginning January 1970, Transactions in SDB's
are included.
Also excluded iron the table are revaluations of foreign
currency holdings, gold, SDfi's, and IHF position. Allocations and
revaluations are reflected in tables on outstaudings.
(2) Treasury gold stock.
Treasury Currency and S.D.fi
1 Total U.S. Govt, liability
2
Treasury currency
3
SDB certxficates
4
Unallocated assets
174
157
17
155
224
—
-69
83
124
-41
141
181
—
-40
277
170
107
Certifxcates
18
195
-177
.9
1.0
. 1
-. 1
Insurance and Pension Fund Reserves
Lxfe insurance reserves:
1 Net change in liabilities
2
U.S. Governaent
3
Life insurance coapanies
1,478
53
1,425
1, 126
57
1,069
1,117
61
1,056
1,481
65
1,416
1,722
-7
1,729
2,044
47
1,997
8.1
. 1
7.9
8.8
.2
8.6
9.5
.2
9.3
11.2
.3
10.9
10.7
.3
10. 4
1
2
3
4 Net change in assets (HH)
1,478
1,126
1,117
1,481
1,722
2,044
8. 1
8. 8
9.5
11.2
10.7
4
5 Net change in liabilities
U.S. Governaent
6
7
Insurance sector
8
Life xnsurance coapanies
Private pension funds
9
St.*loc. govt. rtr. funds
10
22,328
-2,154
24,482
9,302
6,851
8,329
28,934
3,841
25,093
9,247
7,575
8,271
41,130
13,208
27,922
12,825
r,780
12,317
37,397
3,055
34,342
13,816
8,807
11,719
26,265
-2,427
28,692
12,267
7,692
8,733
34,665
3,384
31,281
12,927
8,504
9,850
4o.8
3.7
43.1
8.7
23. 1
11.3
51.3
4.6
46. 7
15.0
18.9
12.9
62.2
6.4
55.8
16.8
23. 1
15.9
75.4
6.9
68.5
19.1
28.7
20.7
84. 4 5
7.9 6
76.5 7
19.4 8
40.9 9
16.2 10
11 Net change in assets (hh)
22,328
28,934
41,130
37,397
26,265
34,665
40.8
51.3
62.2
75.4
84.4 11
Pension fund reserves:
Net Interbank Claias
1 Net change in liabilities
2
Honetary authority
3
Heaber bank reserves
4
Vault cash
14,856
-2,942
721
-3,663
11,495
-1,175
-1,915
740
9,662
3,632
3,360
272
1,169
4,100
-1,793
5,893
7,370
-1,002
5,178
-6,180
14,569
1,003
239
764
-11. 1
•8
.2
•6
-8.9
-1.0
-.9
-. 1
-1. 1
3.5
1.7
1.8
16.0
5.9
4.4
1.5
22.7
1.6
-1.4
3.0
6,030
2,817
1,290
8,372
-1,552
5,94 8
5,066
7,009
4,128
-5,175
-2,294
13,566
-1,280
9,685
10,056
8,957
3,838
-2,845
2,274
-11.9
1.6
-9.8
-7.9
-7. 1
-.8
6.3
.1
-7.6
-1.3
-5. 7
-3. 9
-6.8
.7
7.6
10. 1
3.6
5.7
5.2
1.5
3. 1
.3
21. 1 5
.5 6
22.3 7
22. 1 8
16.3 9
13. 1 10
-1.2 11
2.0 12
1
2
3
4
5
6
7
8
9
10
11
12
Coaaercial banking
To aonetary authority
To foreign banks, net
Liabilities, net
U.S.-chartered nanks
Due fgn. affiliates
-Due fr. atfilxates
♦ Br. loans to U.S.
17,798
-798
7,086
6,337
3,228
1,520
1,969
3,677
12,670
2,422
6,493
6,106
4,665
-4,683
-4,791
4,557
-2,447
-1,248
3,099
1,900
-2,931
-2,490
-2,371
-125
-246
-1,277
1,884
2,915
.2
-4.6
1.4
-.7
1. 4
-1. 1
3.5
4.8
.2
13
14
15
Fgn. nxg. off. in U.S.
Due rgn. affiliates
Less: Cue froa aff.
3,109
-3,173
1,441
2,788
1,347
-319
—2,312
-1,993
121
1,570
1,449
-1,943
-775
1,168
1,099
695
-404
-.9
.9
1. 7
2. 9
4.0
1.0
2.5
5.6
3. 1
3.7
7. 1
3.3
5.8 13
15.5 14
9.7 15
16
17
18
Less: Dep. at fgn. banks
U.S.-chartered banks
Fgn. bkg. off. in U.S.
-749
-453
-296
-387
-729
342
-4,056
-3,599
-457
2,246
145
2,101
— 882
250
-1,132
371
269
102
1.9
1.3
.6
1.6
1.9
-. 1
2.0
.4
1.6
-.5
-.9
.4
-.2 16
-.2 17
♦ 18
19
20
21
22
23
24
25
To U.S. banking, net
U.S.-chartered banks
Liabilities
To don. affiliates
To fgn. offices
Unallocated
Less:Due froa fgn off.
11,510
9,682
17,019
3,441
2,068
11,510
7,337
3,755
4,822
5,175
1,894
-474
3,755
353
1,923
94
691
24
-1,256
1,923
597
1,930
-1,944
-2,802
-1,263
-3,469
1,930
-858
3,976
3,529
8,881
2,791
2,114
3,976
5,352
5,161
8,018
7,109
1,618
330
5,161
-909
-3.8
-4.2
-4.2
-2.0
1.5
-3.8
1
-.9
.3
4.2
.3
4.8
-.9
3.9
-5.4
-2.7
2.3
1.6
6. 1
-5.4
5.0
.8
-3.5
11.8
3.0
6.0
•8
15.3
-1.7
-4.0
12.0
1.4
12.3
-1.7
16. C
-3,441
-1,894
-24
1,263
-2,791
-1,618
2.0
-.3
-1.6
-3.0
-1. 4 26
5,269
7,337
2,068
827
353
-474
1,853
597
-1,256
2,611
-858
-3,469
3,238
5,352
2,114
-1,239
-909
330
- 1.6
-. 1
1.5
-.9
-1.1
5.0
6. 1
7.3
15.3
6.0
3.7 27
16. 0 28
12.3 29
3Q Net change in assets
31
Foreign
32
Doaestic
33
Honetary authority
34
Federal fieserve float
35
Loans to aeaber banks
3,346
7,086
-3,740
-798
-776
-22
7,740
6,493
1,247
2,422
-1,442
3,864
7,739
1,290
6,449
2,817
944
1,873
-761
-2,371
1,610
-2,490
566
-3,056
3,394
5,948
-2,554
-1,552
-557
-995
9,406
9,685
-277
-1,280
-36
-1,244
-7.3
-9.8
2.4
1.6
1. 7
-. r
-8.0
-5.7
-2.3
-1.3
-1. 1
-. 2
4.3
-.7
5.0
1.4
1.2
.2
15.2
5.7
9.5
3.6
2. 7
.9
24.4
22.3
2. 1
.5
.3
.3
36
37
38
-2,942
721
-3,663
-1,175
-1,915
740
3,632
3,360
272
4,100
-1,793
5,893
-1,002
5,178
-6,180
1,003
239
764
.6
.2
.6
-1.0
-. 9
-. 1
3.5
1.7
1.6
5.9
4.4
1.5
1.6 36
-1.4 37
3.0 38
39 Discrepancy: Floats, etc.
11,510
11/85 BASED ON INCOHPLETE INFOBHATION
3,755
1,923
1,930
3,976
5,161
-3.8
-.9
-5.4
.8
-1.7 39
26
Doaestic affiliates
27
28
29
fgn. bkg. off. in U.S.
Due to U.S. tanks
Less:Due froa U.S.bks.
U.S.-chartered banks
Heaber bank reserves
Vault cash
-64
-2,766
3.9
4.8
4. 4
19
20
21
22
23
24
25
30
31
32
33
34
35
SEPTBHBEB 23, 198$
Monetary and Insurance fieserves
Monetary and Insurance fieserves
29
Foreign Exchange* Treasury Cnrrency* insurance Reserves, and Interbank Clain
SEASOVALLI ADJUSTED AMMOAL RASES
SEASONALLY ADJUSTED ANNUAL RATES
—
1980
1981
1982
1983
1984
4
1
9984
I
II
III
II
I
1
9985
I
II
3.9 Total U.S. reserves
Gold and OrficiaJL Foreign Excha nge floldiiugs (1)
1
1
6.8
2.8
4.4
.5
2.3
3.8
•4
1.2
3.8
.7
2
3
4
-1. 1
-1.1
*
.7
.7
V
1.4
1.4
,♦
*
. 1
*
1.0
1.0
♦
•9
•9
•
1.1
1.1
a
1.1
1.1
♦
.6
•8
a
1.0
1.0
a
•7 O.S. gold stock aad SDR's
•7
U.S. Govt.s Ex. Stab. Fund
a
Monetary authority (2)
2
3
4
5
6
7
8
8.0
6.3
3.7
2.6
2. 1
-.4
-.4
V
3.0
•4
-.2
,6
-5
-3.9
-1.8
-2. 1
1.4
.4
.5
-.1
2.9
2. 1
.8
1.3
-.7
-2.0
-.8
-i.i
.1
-1.2
-.3
-.8
3.1
2,5
2.2
•3
-.3
1.5
’ ,*
1.5
1.2 O.S. foreign exchange position
1.5
Official fgn.currency hldgs.
•8
Treasury
•7
Monetary authority
5
6
7
8
9
10
11
1.7
1.7
V
2,5
2.$
♦
2.6
2.6
*
4.4
4.5
*
1.0
1.0
*
.8
.8
• 1
1.3
1.3
-.1
1.3
1.3
a
•6
•6
-.1
-1.8
-1.9
.1
—.3
-.2
a
Met IMF position
O.S. Government asset
Monetary authority
9
10
11
<1) Lines f, 2, and 3 exclude increases in SDB's through allocations* which
occurred at various dates beginning January 1970.
Transactions in SDB's
are included.
Also excluded Iron tie table are revaluations of foreign
currency holdings* gold* SDR's* and IHF position. Allocations and
revaluations are reflected an /tables on outstandings.
(2) Treasary gold stock.
Treasury currency and S.D.fi. Certificates
1.3
.7
.7
-.2
1.2
.7
•8
1.7
.6
1.3
-.2
.5
.7
.6
.7
.6
.9
-.2
1
-.3
.6
.7
1.1
-.2
-.2
•4
• 1 Total U.S. Govt, liability
.8
Treasury currency
SDR certificates
-.7
Unallocated assets
.7
,1
2
3
4
Insurance and Pension Fund Reserves
Life insurance reserves:
1
2
3
9.7
a
9.7
9.2
.3
8.9
7,2
.2
7.0
8.0
•2
7.8
5.2
.2
5.0
5.9
.2
5.7
4.5
.2
4.3
4.5
.2
4.2
5.9
•3
5.7
6.9
>
6.9
8.2 Ret change ia liabilities
•2
O.s. Governnent’
8«p
Life insurance conpanies
1
2
3
4
9.7
9.2
7.2
8.0
5.2
5.9
4.5
4.5
5.9
6.9
.8.2 Net change in assets (BH)
4
Pension fund reserves;
5
6
7
8
9
10
146.3
8.7
97.5
22.3
48.7
26.5
109.0
9.8
99.2
29.5
37.9
31.8
140. 1
11.7
128. 3
39.7
54.2
34.5
136,. 2
14.1
122.2
40.2
46.2
35.8
129.8
18.0
111.8
45.2
26.0
40.6
118.8
12.9
105.9
37.2
35.3
33.3
126.0
19.3
106.7
37.0
36.6
33.1
123.9
18.9
104.9
51.3
4.3
49.3
150.6
20.6
129.9
55.3
27.8
46.9
136.4
12.6
123. 8
M.l
39.8
34.9
149.4 Net change in liabilities
U.S. Governnent
17.4
132.0
Insurance sector
Lite insurance conpanies
51.7
40.8
Private pension funds
St.aloe. govt. rtr. tunds
39.4
5
6
7
8
9
10
11
106.3
109.0
140. 1
136. 2
129.8
118.8
126.0
123.9
150.6
136.4
149.4 Net change in assets (hh)
11
1
2
3
4
Net Interbank Clains
1
2
3
4
-29.5
-1.0
-2.4
1.3
-15.6
-3.4
-2.2
-1.2
-12.2
2. 2
1.3
•9
14.4
-3.6
-5.0
1.5
37.2
3.6
•4
3.2
61.8
-,2 . 9
1.7
-4.6
42.9
2.8
7.0
-4.3
34.6
10.2
5.4
4.8
9.5
4.3
-12.7
17.0
33.0
4.7
19.7
-15.0
53.3 Net change in liabilities
12.4
Monetary authority
17.2
Henber ban,k reserves
Vault cash
-4.6
5
6
7
8
9
10
11
12
-28.5
-1.9
-23. z
-17.7
-18.9
-5.7
14.5
1.3
-12.4
-2.9
-7.0
-4.0
-2.9
5.3
17.1
8.9
-14.3
.1
-30.1
-19.6
-7.9
-1. 1
9.3
2.5
18.0
-1. 0
20. 1
18.2
8.3
9.4
3.8
2.7
33.6
2.0
12.5
9.6
5.2
-5.7
40.1
13.0
64.6
-1.8
26. 1
25.1
18.9
10.4
6.^
14.7
16.6
17.1
14.2
-20.5
-16.5
18.2
24.3
14.0
5.4
-10.9
-9.9
-5.6
11.9
7.6
5.2
-12.3
-2.1
6.9
-2.5
-7.1
7.0
11.7
28.3
-5.9
26.7
23.2
37.6
21.0
-25.8
-9.2
40.9
-7.0
27.9
29.4
29.3
13.4
-6.8
9.1
13
14
15
1.2
13.5
12.3
-1. 1
11.1
12.3
-11.7
-2.6
9. 1
9.9
4.8
-5. 1
4.4
2.0
-2.4
6. 1
8.2
2. 1
2.9
2.5
-.5
-1.0
-10.7
-9.7
9.4
8.0
-1.4
-14.4
5.6
20.0
.1
-7.9
-8.0
Fgn. bkg. off. in u.s. 13
Due fgn. affiliates 14
15
Less: Due froa aff.
16
17
18
5.4
3.8
2.0
3.0
3.4
-.4
10.5
10.3
•2
-1.8
-1.3
-.6
-2.9
-4.6
1.7
-3.0
-1.6
-1.2
-1.5
-2.9
1.4
-16.2
-14.4
— 1.8
9.0
•6
8.4
-3.5
1.0
—4.5
1.5
1.1
•4
Less: Dep. at fgn. banks 16
17
O.S.-chartered banks
Fgn. bkg. off. in U.S. 18
19
20
21
22
23
24
25
-3.4
-12.4
12.6
2.7
13.3
-3.4
25.1
-2.4
-9.7
6.0
1.4
7.1
-2.4
15.7
15.7
-9.5
4.1
-2.1
-9.5
15.7
13.5
-1. 1
-1.0
6.2
5.4
1.8
-1. 1
7.2
19.1
12.7
,20.1
4.1
-3.1
19.1
7.4
38. 4
27.4
68.3
13.8
16.2
38.4
40.9
13.6
6.0
10.3
7.6
-10.8
13.6
4.3
5.0
5.4
-6.6
.1
-11.7
5.0
-12.0
19.5
11.8
8.3
-5. 1
-6.2
19.5
-3.5
7.5
2.3
35.8
11.2
17.1
7.5
33.5
20.0
17.9
17.4
6.5
-9.)
20.0
-.6
26
-2.7
-1.4
2. 1
-5.4
-4.1
-13.8
-7.6
-.1
5.1
-11.2
-6.5
Donestic affiliates
27
28
29
11.7
25.1
13.3
6.6
15.7
7.1
23.0
13.5
-9.5
5.4
7.2
1.8
10.6
7.4
-J. 1
24.8
40.9
16.2
15.1
4.3
-10.8
-.3
-12.0
-11.7
2.6
-3.5
-6.2
16.4
33.5
17. 1
8.5
-.6
-9. 1
fgn. bkg. off. in U.S.
27
28
Due to D.S. banks
LessxDue fron U.S.bks. 29
30
31
32
33
34
35
-26.1
-23.2
-3.0
-1.9
-2.3
•4
-13.3
-7.0
-6.3
-2.9
-2.7
-.2
-27.9
-30.1
2.4
•1
1.0
-.9
15.5
20.1
-4.6
-1.0
-1.2
.2
18.1
12.5
5.6
2.0
-.7
2.7
23.4
28. 1
-4.7
-1.8
.2
-2.0
29.3
18.6
10.7
7.9
-4.9
12.8
29.6
5.4
24.2
14.0
6.3
7.7
-10.0
-2.1
-7.9
-12.3
-4.4
-7.9
25.5
26.7
-1.2
-5.9
.3
-6.1
33.4 Net change m assets
Foreign
27.9
Doaestic
5.5
Monetary authority
-7.0
Federal fieserve float
1.3
Loans to neuter banks
-8.2
36
37
38
-1.0
-2.3
1.3
-3.4
-2.2
-1.2
2.2
1.3
.9
-3.6
-5.0
1. 5
3.6
.4
3.2
-2.9
1.7
-4. 6
2.8
7.0
-4.3
10.2
5.4
4.8
4.3
-12.7
17.0
4.7
19.7
-15.0
15.7
-1. 1
19.1
38.4
13.6
5.0
19.5
7.5
-3.4
-2.4
39
BILLIONS OF DQLU&S.
11/85 BASED ON INCOMPLETE INFORMATION.
1*9
12.4
17.2
-4.8
Counercial banking
To Bonetary authority
To foreign banks* net
Liabilities* net
0.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
♦Br. loans to u.s.
To U.S. banking* net
O.S.-chartered banks
Liabilities
To don. affiliates
To fgn. offices
Unallocated
Less:Due froa fgn oft.
5
6
7
8
9
10
11
12
19
20
21
22
23
24
25
26
30
31
32
33
34
35
U.S.-chartered banks
Henber bank reserves
Vault cash
36
37
38
Floats* etc.
39
20.0 Discrepancy:
SEPTEHBEfi 23, 1985
Deposit Claias
Deposit Claias
30
Honetary claias On Financial Institutions
UNADJUSTED MET FLOSS(S HILL)
UNADJUSTED NET FLOSS($ HILL)
19tt4
I
II
III
__________ ________ _________
IF
|
1
1985
I
1975
II
BILLIONS OF DOLLAfiS
1977
1978
1976
Currency and Checkable Deposits
1979
rn.-wmrr.w-
-4,256
11,875
6,493
32,824 -27,673
36,381
18.7
24.8
30.2
32.1
35.8
1
2
3
4
5
Pvt. doaes. sectors, by type
Currency
Deaand deposits
other checkable
-5,702
465
-9,864
3,697
11,987 -9,832
5,593
-2
2,107 -10.705
875
4,287
42,613 -22,143
2,563
1,580
33,447 -29,919
6,196
6,803
24,246
5,939
11,558
6,749
In. 2
6.3
9.2
.7
18.7
7.4
9.5
1.8
26.9
8.2
17.2
1.6
29.2
9.3
15.4
4.5
31.0
8.0
14.4
8.6
2
3
4
5
6
7
8
9
10
11
12
Pvt.doaes.sectors, by holder
Pvt. doaestic nonfinancial
Hoaseholds
Business
State+local governaents
Hail float
Financial sectors
-5,702
-7,277
7,137
-8,249
495
-6,660
1,575
11,987 -9,632
8,451 -15,357
2,699
6,908
1,100 -4,505
1,408 -2,972
-965 -6,579
3,536
1,525
42,813 -22,143
40,154 -21,617
12,366
1,01 1
6,238 -7,349
4,151 -4,041
17,399 -11,238
2,659
-526
24,246
20,520
21,799
-1,520
3,570
-3,329
3,726
16.2
15,6
6.9
6.2
•8
1.6
.7
16.7
17.8
15.7
2.4
-.9
•6
.9
26.9
25.3
19.8
2.9
•8
1.8
1.6
29.2
25.4
22.4
4.5
-1.0
-.5
3.8
31.0 6
26. 2 7
21.3 8
6.4 9
-1.5 10
-. 1 11
4. 8 12
13
14
Foreign
U.S. Governaent
-1,411
-4,119
1,258
10,877
-.3
2.6
3.2
3.0
2.4
.9
-.2
3.7
4.2 13
.5 14
35.8 15
1 Net change in total assets
15 Net change in liabilities
16
17
18
19
Honetary authority
U.S. Govt, cash + deposits
Foreign deposits
Currency outside banks
20
21
22
23
Coaaercial banking
U.S. Governaent deposits
Foreign deposits
Private doaestic deposits
24
Savings institutions
-136
1,582
155
-267
-4,256
11,875
6,493
32,824 -27,673
36,381
18.7
24.8
30. 2
32.7
576
63
48
465
6,229
733
-97
5,593
4,031
4,059
-26
-2
-551
-3,150
36
2,563
-660
-2,212
-28
1,580
6,243
259
45
5,939
10.7
4.5
♦
6.3
10.6
3.1
•2
7.4
4.8
-3.3
♦
6.2
6.3
-J. 1
. 1
9.3
8. 2
. 1
. 1
8.0
16
17
18
19
30,802 -29,253
-9,172 -1,907
2.297 -1,383
37,677 -25,963
27,335
10,618
1,213
15,504
7.6
-1.7
-.3
9.6
13.4
-. 1
3.0
10.4
24.5
4.3
2.4
17.8
25.4
6.8
-.3
18.9
26.4
.4
4. 1
21.8
20
21
22
23
2,240
2,803
•4
-5,970
1,519
-184
-7,305
1,138
-412
2,333
16,737 -12,322
1,612
2,750
-1,000 12,678
252
-386
3,498 -10,680
2,896
850
Snail Tiae aad Savings Deposits
_________ ________
1 Net change in liabilities
Coaaercial banks
2
3
Savings institutions
4
Savings and loan assns.
flutual savings bancs
5
Credit unions
6
7 Net change in assets
8
Households
State and local governaents
9
10
U.S. Governaent
11
Credit unicns
2,573
.9
Z’™Z
1.0
1.0
ZZZZZZZ
1.2 24
37,628
13,313
24,315
17,307
1,500
5,508
32,105
18,806
13,299
12,108
-2,695
3,886
28,739
12,486
16,253
15,425
314
514
50,747
29,978
20,769
19,473
207
1,089
47,787
24,999
22,768
14,972
2,583
5,233
40,139
23,967
16,172
1C,408
-1,305
7,069
98.0
39.9
56. 1
41.6
11.0
5.5
121.0
54.6
66.9
48.7
12.5
5.6
94.6
28.2
66.4
48.6
10.4
7.3
65.4
13.2
52.2
38.8
7.5
5.9
61. 1
29.5
31.7
26.0
1.6
4.0
37,628
36,269
-504
140
1,723
32,105
31,640
-228
25
668
28,739
31,334
-793
98
-1,905
50.747
52,580
-1,055
269
-1,047
47,787
47,838
-1,342
-6 9
1,360
40,139
38,705
-1,714
431
2,717
98.0
97.0
.9
• 1
♦
121.6
116.2
5.1
.2
. 1
94. n
95. 1
-1.6
. 1
•8
65. 4
66.0
-. 1
. 1
-.5
61. 1 7
59.9 8
-.6 9
. 1 10
1.8 11
2
6.9
34.4
1
1
2
3
4
5
1
2
3
4
5
6
Honey Harket Hutual Fund Shares
Honey aarket fund shares
1
Liab: Finance n.e.c.
Asset: Households
11,228
3,854
5,129
26,972
-3,024
5,108
1.3
Large line Deposits
8,152
-5,177
2,521
-7,698
13,329
33,508
18,474
17,347
1,127
15,034
15,544
6,597
11,164
-4,567
6,947
18,682
5,961
2,869
3,092
12,921
-2,371 -9,036
-3,837 -11,815
-324 -S,311
-3,513 -2,504
1,466
2,779
-8.9
-9.9
-13.3
3.4
1.0
-13.9
-15.3
-15.6
•4
1.4
28.3
26.0
23.8
2.2
2. 3
54.5
48.6
42. 1
6.4
5. 9
27.6
13.8
1C.2
3.0
14. 0
6 Net change in assets
7
Pvt. doaestic nonfinancial
8
Households
Business
9
10
State ♦ local governnents
11
Foreign
8,152
11,301
9,746
2,276
-721
-759
33,508
24,398
28,180
-3,993
211
3,371
15,544
27,928
22,577
963
4,368
1,002
18,662
12,076
4,489
5,461
2,126
946
-2,371 -9,036
-1,820 -8,008
-8,80 1 —10,406
-433
506
7,474
1,892
-31
593
-8.9
-13.8
-12.8
1.9
-2.9
1.5
-13.9
-11.0
-10.0
2. 1
— 3.0
-1.9
28.3
26. 4
13. 1
4.8
6.5
-.4
54.5
46.3
36. 1
2.0
8.2
1. 1
27.8 6
18.8 7
14.5 8
4. 7 9
-.4 10
1.2 11
12
13
14
15
16
17
-2,390
-2,406
-331
25
3,768
-3,446
5,739 -13,386
-1,716 -3,685
—599
-256
37
32
3,922 -4,421
3,757 -4,718
5,660
2,308
-214
42
-278
4,002
-997
-94
-6
53
555
-1,505
3.4
4.5
.1
.5
-2.2
.5
-1.0
-1.4
— .2
1.3
-.7
2.3
. 1
. 1
1.6
.3
7. 1
•4
.3
*
3.6
2.7
7.8
-2.2
— .3
*
2. 8
7.5
12
13
14
15
16
17
1
2
3
1 Net change in total liab.
Coaaercial banking
2
Doaestic banks
3
4
Foreign banking ortices
5
Savings institutions
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Honey aarket funds
-1,144
1,872
-300
46
-444
-2,320
♦
Federal Fuuds and Security Eepurchase Agreeaents
9,496
6,258
3,236
-306
-9,666
9,360
7,460
1,999
5,4o1
-356
-1,110
752
-1,625
3,666
-5,291
-6,263
-2,230
-<l,033
3.5
3.5
.1
13.6
13.6
1
10.9
9.0
1.9
21.6
19.5
2. 1
1b. 1
15.6
.5
4 Net change in assets
5
Nonfinancial corporations
6
State and local governaents
7
Sponsored credit agencies
Savings and loan assns.
8
9
Hutual savings tanks
Other insurance coapanies
10
11
Honey aarket funds
10,507
-1,431
1,079
710
2,550
1,621
1,367
4,591
3,657
3,001
-984
-533
1,166
-604
2,022
-413
8,825
-4,198
247
7,425
1,284
236
467
3,342
3,626
-1,922
-1,619
1,741
2,856
49
301
2,220
-4,383
1,331
859
-2,447
-5,206
-217
776
521
-2,000
1,056
-888
4,157
-2,939
931
995
-5,314
-1. 1
— .6
1.0
-.3
-1.0
1
. 1
4. 2
2.3
.3
1.2
.4
•
5.4
1.2
1.0
.2
2. 3
.6
. 1
10.7
5.5
2.0
1.4
1.7
• 1
12.7 4
2.6 5
4.0 6
•6 7
2.5 8
.9 9
10
2. 1 11
12 Discrepancy-unallocated assets
-1,011
-3,963
-1,365
-3,984
2,758
-4,263
4.6
9.3
5.5
10.9
3.4 12
1 Net change in liabilities
2
Coaaercial banks
3
Savings and loan assns.
«
U.S. Deposits in Foreign Countries
1 Total foreign liability
Ueld by:
2
Nonfinan. corporate business
3
Honey aarket funds
11/85 BASfiD ON INCOMPLETE
1,006
-2,165
-430
-3,158
-622
-2,603
.8
1.7
1.3
2. 4
6. 1
1
-870
1,676
-1,362
-803
-1,110
680
-707
-2,451
-366
-256
-242
-2,361
•6
-
1. 7
-
1.3
2.0
.5
1.5
4. b
2
3
INFOBHATION
♦
SEPTEMBER 23, 1985
Deposit Claias
Deposit Clains
3i
Monetary clains Oa Financial institatioas
SEASONALLY ADJUSTED ANNUAL BATES
SEASOMALLI ADJUSTED ANNUAL BATES
1985
1980
—————
1981
1982
1984
1983
1
II
I
III
IV
|
I
11
Currency and Checkable Deposits
1
16.2
28.2
37.8
39.5
46.9
74.3
37.3
7.9
68.3
-22.3
2
3
4
5
19.8
10.3
-.8
10.3
31.9
9.5
-28.8
51.2
34.7
9.7
-1. 1
26. 1
44.5
14.3
3.0
27.2
39.3
8.6
15.0
15.7
62.9
13.1
35.0
14. 8
45.0
18.6
9.3
17.1
-13.5
3.3
-20.3
3.5
62.6
-.5
35.9
27.2
-2.2
18.0
-45.0
24.8
93.1
19.6
46.5
27.0
6
7
8
9
10
11
12
19.8
15.5
10.1
3.9
-.8
2.3
4.3
31.9
27.5
31.6
-6.7
-1.6
4. 1
4.4
34.7
25.1
16.8
8.8
-3.7
3.2
9.6
44.5
37.4
43.1
-2.4
-3.5
.1
7.2
39.3
30.0
29.1
-5.4
3.1
3.2
9.3
62.9
51.0
37.5
-3.5
9. 1
8.0
11.9
45.0
30.7
35.7
-2.7
-.8
-1.5
14.4
-13.5
-19.8
4.6
-18.7
-5. 1
-.6
6.2
62.6
57.9
38.6
3.3
9.2
6.9
4.7
-2.2
-5.8
14.4
•4
-9.3
-11.3
3.6
93. 1
77.6
96.0
-15.0
8.3
-11.6
15.5
13
14
*
-3.6
-3.8
. 1
-3.7
6.8
1.6
-6.7
1.9
5.7
2.7
8.7
-4.0
-3.7
2.5
18.9
6.6
-.9
-3.4
-16.6
1.4
47.0
15
16.2
28.2
37.8
39.5
46.9
74.3
37.3
7.9
68.3
-22.3
16
17
18
19
9.0
-1.1
-.2
10.3
10.9
1.2
.1
9.5
10.2
.7
-.2
9.7
13.0
-1.3
14.3
10.3
1.7
*
8.6
17.1
3.6
.3
13. 1
16.2
-2.0
-.4
18.6
5.8
2.6
-.1
3.3
2.0
2.5
♦
-.5
12.1
-5.9
*
18.0
15.7
-4.0
.2
19.6
20
21
22
23
5.1
-2.6
•3
7.4
8.6
-1. 1
-3.9
13.7
19.2
6.1
-3.4
16.5
15.9
-5.3
1.6
19.7
29.2
4.0
2.0
23.2
52.7
5. 1
2.3
45.3
9.5
-1.8
-3.6
14.9
-1.4
16.3
2.6
-20.2
56.0
-3.5
6.6
52.8
-43.3
-10.7
-3.4
-29.2
114.5
51.0
1.2
62.3
24
2.0
8.7
8.4
10.6
7.5
4.6
11.6
3.4
10.3
9.0
11.2
.■■ ■■
*
141.5 Net change in total assets
Pvt. doaes. sectors* by type
currency
Denand deposits
Other checkable
1
2
3
4
5
Pvt.doaes.sectors, by holder 6
Pvt. doaestic nonfinancial 7
8
households
9
Business
State+local governnents 10
flail float
11
12
Financial sectors
Foreign
U.S. Governaent
141.5 Net change in liabilities
13
14
15
Bonetary authority
O.S. Govt, cash + deposits
Foreign deposits
Currency outside banks
16
17
18
19
Coaaercial banking
U.S. Governaent deposits
Foreign deposits
Private doaestic deposits
20
21
22
23
Savings institutions
24
Snail Tine and Savings Deposits
1
2
3
4
5
6
86.6
44.8
41.7
29.0
5.4
7.3
47.5
40.3
7.2
4.1
.9
2.2
139.8
97.0
42.8
29.3
4. 1
9.4
217.7
130.0
87.8
66.6
7.7
13.5
149.2
74.6
74.6
64.3
-.7
11.0
106.3
25.3
81.0
61.8
2.3
16.9
153.4
92.3
61.1
55.0
-6.2
12.3
165.4
85.6
79.8
69.3
3.8
6.7
171.8
95.1
76.7
71.2
-2.7
8.2
144.7
71.0
73.7
52.3
6.2
15.1
186.8 Net change in liabilities
114.1
Connercial banks
Savings institutions
72.7
48. 1
Savings and loan assns.
Mutual savings banks
-.4
25.0
Credit unions
7
8
9
10
11
86.6
83.2
-.3
-.2
3.9
47.5
46.9
. 1
-.1
•6
139.8
136.7
1.5
.5
1. 1
217.7
214.2
5.3
-.5
-1.3
149.2
151.8
-2.6
.5
-.6
106.3
107.9
-2.0
.6
-. 1
153.4
154.8
-.9
.1
-.6
165.4
168.1
-3.2
.4
.1
171.8
176.6
-4.2
1.1
-1.6
144.7
152.6
-5.4
-.3
-2.2
186.8 Net change in assets
Households
184.6
-6.9
State aad local governaents
O.S. Governaent
1.7
Credit unions
7.3
7
8
9
10
11
15.4
20.5
107.9
-12.1
Honey aarket fund shares
Liab: Finance n.e.c.
Asset: Boaseholds
1
1
2
3
4
5
6
Money Market Mutual Fund Shares
1
29.2
107.5
24.7
-44.1
47.2
44.9
20.4
Large Tine Deposits
1
2
3
4
5
61.3
47.2
39.3
7.9
13.8
61.8
51.5
43.9
7.6
10.2
3.4
-8.8
2.3
-11. 1
12.1
-18. 1
-52.3
-38.7
-13.6
34. 2
76. 1
25.9
33.9
-8.0
50.2
82.9
29.6
60. 4
-30.8
53.3
114.4
54.2
49.7
4.5
60.1
37.8
2.0
20.3
-18.3
35.8
69.3
17.6
5.2
12.4
51.7
46.5
40.6
54.7
-14. 1
5.9
6
7
8
9
10
11
61.0
^5.8
43.2
4.0
-1.4
1.2
61.8
36.9
19.7
14.9
2.3
2.3
3.4
-7.7
-17.5
5.3
4.5
6.8
-18. 1
-7.5
-15.3
16.6
-8.8
.5
76. 1
75.7
65.0
4.7
4.6
82.9
94. 4
92.5
12.0
-10.0
-1.3
114.4
63.1
78.6
-7.9
12.4
10.2
37.8
76.3
57.0
5.6
13.7
8. 2
69.3
49.0
31.9
9.2
7.9
1.2
46.5
47.2
22.6
1. 1
23.5
4.2
12
13
14
15
16
17
14.0
2.5
♦
2.1
•4
9.0
22.6
-.7
-. 1
-.7
1.2
22.8
4.2
-11. 1
1.2
♦
♦
4.4
-16.8
-4.2
-5.5
-1.4
.1
3.0
-.4
-10.2
-10.2
-1.3
. 1
15. 1
-13.8
21.1
-8.7
-1.0
.1
15.7
15.0
-46. 1
-7.9
-2.4
.1
-17.7
-18.9
19.1
4.8
-.9
.2
-1. 1
16.0
-4.9
7.2
-1.2
.2
-1.8
-9.3
1.4
-1.3
-3.1
6.0
-61.7 Net change in total liab.
-72.8
Conuercial banking
Doaestic banks
-62.8
-10.0
Foreign banking offices
Savings institutions
11.1
-61.7 Net change in assets
Pvt. donestic nonfinancial
-51.7
Households
-81.9
Business
10.3
State + local governaents
19.9
foreiga
-3.9
-6. 1
-2.5
*
•2
2.2
-6.0
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Money narket funds
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
federal fands and Security Repurchase Agreesents
1
2
3
19.9
17.8
2.1
16.2
13. 1
3.0
9.5
10.7
-1.2
24.0
10.2
13.9
16.3
-2.5
18.8
38. 2
25.2
13.0
4.5
-33.0
37.4
25.5
3.7
21.8
-3.0
—6. C
3.0
-6. 1
15.1
-21.2
-17.8 Net change in liabilities
Coaaercial banks
-1.6
Savings and loan assns.
-16. 1
4
5
6
7
8
9
10
11
11.5
6.6
V
1.6
-.7
.6
3.2
20.7
♦
2.5
3.5
4.2
1.5
.1
8.9
15.3
3.7
.1
5.4
.4
*
4.0
1.7
23.8
11.2
3.0
-2.3
5.9
-.6
9.6
-3.2
26.6
-4.6
-1.3
9.3
7.9
1.3
4.2
9.7
37.9
-5.7
4.3
2.8
10.2
2.4
5.5
16. 4
15.7
12.0
-3.9
-2. 1
4.7
-1.3
8.1
-1.7
35.8
-16.8
1.0
29.7
5.1
1.4
1.9
13.4
17.0
-7.7
-6.5
7.0
11.4
2.7
1.2
8.9
-21.7
5.3
3.4
-9.8
-20.8
-5.0
3. 1
2.1
-6.6 Net change in assets
Nonfinancial corporations
4.2
State and local governnents
-3.6
Sponsored credit agencies
16.6
Savings and loan assns.
-11.8
Mutual savings banks
5.1
Other insurance conpanies
4.0
Money narket funds
-21.3
12
8.4
-4.5
-5.8
.3
-10.3
.3
-11.2
-10.3
-20.0
15.6
-11.1 Discrepancy-unallocated assets 12
-10.4 Total foreign liability
Held by:
Nonfinan. corporate business
-1.0
Money narket funds
-9.4
1
2
3
4
5
6
7
8
9
10
11
U. S. Deposits in Foreign Countries
1
2.6
12.6
2.4
3.0
-4.7
4.0
-8.7
-1.7
-12.6
-2.5
2
3
1.1
1.7
•5
12.1
-2.5
4.9
4.8
-1.8
-4.0
-.7
-3.5
7.5
-5.4
-3.2
-4.4
2.7
-2.8
-9.8
-1.5
-1.0
BILLIONS OF DOLLARS.
11/85 BASED ON INCOMPLETE INFOBHATION.
1
2
3
SEPTEMBER 21/ 1985
O.S. Governaent Secarities
U.S. Government Securities
U.S. Goverhaent Securities Market Suaaary
32
UNAOJUSTEO WEI FLOWS ($ SILL)
UBADJUSTED MET FLOWS (> BILL)
1984
1
XI
XXI
XV
I
|
1985
X
XI
1975
BILLIONS OP DOiLAfiS
197b
f»77
1978
1979
Total Ret Issues, by Sector and Type
1 Total U.S. Government secur.
U.S. Governaent
2
Spons. agencies ♦ atg. pools
3
66,131
49,464
16/667
47/915
31,190
16/725
78,726
54,076
24,650
81,007
64,172
16,835
60,820
41,852
18,968
77,329
45,243
32,086
94.9
85.5
9/4
83/8
69. 1
14.6
79.9
56.9
23. 1
90.5
53.8
36. 7‘
84/8
37.5
47.3
1
2
3
By instruaents
Treasury issues
household savings bohds
Treas. excl. savings bonds
49/501
764
48,737
31,202
688
30/514
54/083
761
53/322
64,183
817
63,366
41,866
928
40,938
45,252
1,254
43,998
85.8
4.0
81.8
69. 1
4.7
64,5
57.6
4,7
52.9
55. 1
3,9
51.2
38.8
-.8
39.6
4
$
6
16/630
-37
16,713
*12
24/643
-7
-
16,824
*11
*
18,954
-14
32,077
-9
9.0
-.3
-. 1
14.6
« 1
-. 1
22.3
-.5
-.2
35.3
-1,1
-.3
46.0
*1. 1
-.2
7
8
9
5,543
11/124
9, 045
7/680
12/456
12,194
3,386
13,449
3,922
15,046
6,804
23,282
2.3
7. 1
2.5
12.2
7.0
16. 1
23. 1
13,6
24.3 10
23, 1 11
it
5
6
i
8
9
10
ft
Other
Budget agency issues
LOan participations (1)
Spons. agency issues (2)
Hortgage pool sdcur. (2)
Total Wet Purchases, by Sector aad Type
1 Total purchases, by sector
U.S. Govt, (agency secur.}
2
3
Sponsored credit ageacies
4
Treasury
5
Agency securities
66,131
440
732
-292
47, 9 <5
982
761
221
78,726
-3/195
-3/524
329
81,007
2,374
2,404
-30
60,820
245
720
-475
77,329
-'
2,887
2,209
678
94.9
1.6
1.5
*
63.8
—
1/5
1.5
*
79.9
-3.8
-3.4
-.4
90.5
.6
.5
.1
84.8
.2
-.2
.4
1
2
3
«
5
6
-1,423
-1,128
-295
1,988
2,045
-57
2,151
2/159
-8
6,116
5,832
284
-272
133
*405
8,058
8,127
-69
8.4
7.4
1.0
10.0
9. 1
.9
7.2
5.8
1.4
7.3
7.7
-.4
7.6
6.9
.7
6
7
8
24
910
-886
5/190
3,602
1,588
4/005
107
3/898
17,310
2,389
14,921
-6,468
-5,121
-1,347
14,351
1,971
12,380
8. 1
6.6
1.5
11.6
3.3
8.3
31.5
8. 1
23.4
23.5
13.9
9.5
-14.0 9
-18.5 10
4.5 11
67,090
49,873
17,2 t7
39,755
23/206
16,549
75,765
51,443
24,322
55,207
38,637
16,570
67,315
47,481
19,834
52,033
20,565
31,468
7b.W
60.8
8. 1
60. 7
47.0
13.7
45. 1
23.8
21.3
59. 1
23.4
35.7
91. 0 12
46. 1 13
44.9 14
30,074
25,318
764
24,554
4/756
34,821
31,494
688
30, 606
3,327
46,155
32,329
761
31,568
13,826
11/773
4,319
817
3,502
7,454
27,642
10,993
928
10,065
16,649
35,986
918
1,254
-336
35,068
18.2
22.8
4.0
18.7
-4.6
12.5
7.9
4.7
3.3
4.6
23.3
16.5
4.7
11.7
6.9
38.3
25.8
3.9
21.9
12.5
52.5
30.6
—.8
31.4
22.0
15
16
17
18
19
23/925
21,127
764
20,363
2,798
23,742
21,950
688
21,262
1/792
42,560 -13,212
29,996 -19/537
761
817
29,235 -20,354
12,564
6,325
21,647 17,599
6,53 8 -16,308
1,254
928
5,610 -17,562
15,109 33,907
11.5
14.9
10.9
-3.4
6.3
3.6
4.7
-1.0
2. 7
18.5
12.9
4.7
8.2
5.5
25.4
19.3
3.9
15.4
6. 1
35.4
19. 0
-.8
19.8
16.4
20
21
22
23
24
7
8
Federal Beserve Systea
Treasury issues
lgency issues
9
10
11
Foreign
Short-tera aarketable
Other
12
13
14
Total private doaestic
Treasury issues
Agency issues
15
16
17
18
19
Private doaestic nonfinan.
Total Treasury issues
savings bonds (HB)
Other Treasury issues
Agency issues
20
21
22
23
24
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
25
26
27
Nonfin. corp, business
Treasury issues
Agency issues
4,788
4,804
-16
1, 090
1/109
-19
-2,659
-2,636
-23
3,893
3,919
-26
-1,605
-1/576
-29
-1,265
-1,234
-31
6.7
9.5
—.8
2. 1
2. 1
*
-6.4
-6.0
-.4
1.5
.8
.7
1.6 25
2.8 26
-1.3 27
28
29
30
State and local govts.
Treasury issues
Agency issues
1,361
-613
1,974
9,989
8,435
1,554
o,254
4,969
1,285
21,092
19,937
1,155
7,600
6,031
1,569
19,652
ie,460
1,192
-2.1
-1.7
-. 4
4. 1
2.2
1.9
11.3
9.6
1.7
11.3
5.7
5.6
15.6 28
8.7 29
6.6 30
7/333
8,763
-1,430
-7,185
-7,303
118
397
-460
857
749
1,549
-800
10,764
11,263
-499
5,715
5,564
151
30.0
28.6
1.4
20.2
18.7
1. 5
-1. 1
-1.9
.8
.5
-6.5
7.0
7.9 31
.4 32
7.6 33
7,451
-252
134
-7,213
-119
147
152
85
160
918
-343
174
10,598
-21
187
3,900
1,614
201
30. 1
-. 2
19.6
.5
. 1
-1.3
-.1
.2
.1
.5
-. 1
7.4 34
e c 35
* 36
31
32
33
34
35
36
Coaaercial banking
Treasury issues
Agency issues
Coaaercial banks
Foreign banking offices
Banks in U.S.possessions
4.0
.1
28.0
26.8
22.9
—————~
——— ———————
22.9
28.6
28.0
17.4
20.3
9.3
7. 7
13.6
11.3
37
Private nonbank finance
29,683
12,119
29,213
42,685
28,909
10,332
38
39
40
Total pvt. nonbank finance
Treasury issues
Agency issues
29,683
15,792
13,891
12,119
-985
13,104
29,213
19,574
9,639
42,685
32,769
9,916
28,909
25,225
3,684
10,332
14,083
-3,751
41
42
43
Savings and loan assns.
Treasury issues
Agency issues
13,995
6,704
7,291
6,092
-2,894
8, 946
7,533
3,582
3,951
2,419
2,759
-340
1,558
1,226
33 2
-5,898
487
-6,385
4.7
.6
4.1
5. 6
4.9
.7
3.9
-1.0
4.9
4. 6
1. C 41
-2.9 42
3.9 43
44
45
46
Hutual savings banks
Treasury issues
Agency issues
507
262
245
-518
-74
-444
-232
-283
51
498
-132
630
972
315
657
-1,558
-674
-884
3.9
2.2
1. 7
4.0
1. 1
2.9
2.6
. 1
2.6
•8
9
1.7
1.2 44
-.2 45
1.3 46
47
48
49
credit unions
Treasury issues
Agency issues
1,401
1,322
79
-382
-400
18
-1,361
-1,439
78
-1,749
-1,833
84
1,397
1,292
105
1,345
1,216
129
I. 1
.3
.8
•6
•2
.5
.5
.1
.4
.1
-. 4
.5
* 47
. 1 48
-. 1 49
50
51
52
Life insarance coapanies
Treasury issues
Agency issues
4,332
2,277
2,055
3,370
772
2,598
6,147
3,282
2,865
9,726
6,237
3,489
3,780
1,288
2,492
2,838
1,690
1,148
1.7
1.4
•4
1.5
•6
.9
1.6
-.1
1.7
2. 0
-.5
2.5
2.9 50
. 1 51
2.8 52
53
54
55
Private pension funds
Treasury issues
Agency issues
2,769
261
2,508
3,255
2,063
1, 192
6,039
4,744
1,295
6,615
4,898
1,717
4,491
4,532
-41
5,721
4,293
1,428
12.5
9.5
J.1
7.3
6.8
.6
6.7
5.9
.6
4.9
2.9
2.0
11.6 53
6.6 54
5.0 55
56
57
58
St.+local govt.rtr.funds
Treasury issues
Agency issues
6,591
5,651
940
2,965
2,964
1
5,503
4,996
507
6,565
2,983
3,582
4,949
5,360
-411
2,155
2,036
119
1.6
1.0
.7
3. 1
1.5
1.6
5.5
2.7
2.7
7. 1
2.7
4.4
6.6 56
5.3 57
1. 4 58
59
60
61
Other insurance cos.
Treasury issues
Agency issues
1,756
983
773
1,637
844
793
2,694
1,802
892
2,027
1,273
754
1,633
1,083
550
1,391
697
694
2.5
1.9
•6
3. 1
2.6
.6
3.0
2.5
.5
1.2
.7
.5
1.3 59
.2 60
1. 1 61
62
63
Hutual funds (Treasury)
Money akt. funds (Treas.)
Security brokers and
Dealers (Treasury)
1,390
-1,092
1,393
-3,583
2,045
170
1,524
10,678
9,374
1,362
2,295
718
♦
•8
*
•2
.2
-.3
-.2
•6
* 62
4. 2 63
-1,966
—2,070
675
4,382
-607
1,325
-.1
2.4
-.7
-.8
1.9 64
64
(1) where not shovn separately, loan participations are included with
agency issues.
(2) These issues are outside the budget and outside the U.S. Governaent
sector in flow of funds accounts. They are included in credit
narket debt of financial institutions.
11/85 BASED ON
INCOMPLETE X8POSMATIOM
20.3
————
2C.3
4. 2
16. 1
4.6
♦
30.6 37
• ——
30.6 38
15.2 39
15.4 40
SEPTEHBEB 23, 1985
O.S. Governaent Securities
O.S. Governaent Securities
33
O.S. Goveraaeat securities Harket suaaary
SEASONALLY ADJUSTED ANNOAL BATES
1900
1981
1982
SEASOBALLI ADJOSTED ANNOAL BATES
1983
1989
I
I
1980
X
XI
XXX
II
I
|
1985
XX
I
Total Net Issues, by Sector and Type
1
2
3
122.9
79.3
43.0
133.0
87.5
45.5
225.9
161.4
64.5
254.4
186.6
67.8
273.8
198*9
74.9
247. 7
173.6
74. 1
237.1
172.0
65.1
282.3
195.0
87.3
327.9
254.9
73.0
236.9
147.2
83.7
343.9 Total O.S. Governaent secur.
217.6
O.S. Governaent
Spons. agencies ♦ ntg. pools
126.3
1
2
3
4
5
6
79.0
-7.3
87.1
87.8
-4.3
92.2
162. 1
.2
162.0
186.7
3.1
183.5
199.0
3.0
195*9
173.8
4.7
169. 1
172.1
2.7
169.4
195.1
2.7
192.3
255.0
2.0
253.0
147.2
5.2
142.0
217.6
4.9
212.8
By instruaents
Treasury issues
Household savings bonds
Treas. excl. savings bonds
4
5
6
1
8
9
43.1
-.3
-.2
45.2
-.3
-.1
63.7
-.2
-.5
67.8
*
•
74.8
-.1
-
74.0
-. 1
65.1
*
*
87.3
♦
*
73.0
V
83.7
-.1
•
126.3
*
*
10
11
24.4
19.2
30.5
15.0
14.9
49.5
1.4
66.4
30.4
44.4
30.9
43.2
28.9
36.2
40.3
47.0
21.6
51.4
25. 1
58.6
27. 1
99.2
,L . . .
7
8
9
Spons. agency issues (2)
Hortgage pool secur. (2)
10
11
343.9 Total purchases, by sector
—
O.S. Govt, (agency secur.)
13.7
Sponsored credit agencies
11.0
Treasury
Agency securities
2.7
1
2
3
4
5
—
Total Ret Purchases, by Sector and Type
.. r M ,
Cther
Budget agency issues
Loan participations (1)
1
2
3
4
5
122.9
.7
.4
.2
133.0
•4
.2
.2
225.9
—
1.4
1.5
-. 1
254.4
-1.3
-.8
-.4
273.8
.6
•4
.2
247.7
—
1. 5
2.7
-1.2
237.1
—
5.8
4.9
.9
282.3
-19.4
-20.7
1.3
327.9
14.6
14.7
-.1
230.9
—
1.0
2.9
-1.9
6
7
8
4.4
3.9
•6
9.8
9.6
.1
8.5
8.4
. 1
12.0
12.6
-.7
6.8
8.9
-.1
15.0
16.2
-1.2
8.7
6.9
-.2
-7.4
-7.4
♦
19.1
17.9
1.1
20.4
22.0
-1.6
33.5
33.7
-.3
Federal Beserve System
Treasury issues
Agency issues
6
7
8
9
10
11
10.7
12.3
-1.6
7.0
-2.5
9.5
12.8
-.9
13.6
16.9
14.0
2.9
26.5
7.0
19.5
1.2
6.3
-5. 1
26.8
19.9
6.9
22.2
-2.3
24.5
55.9
4.1
51.8
-25.6
-18.0
-7.6
62.5
13. 1
49.4
Foreign
Short-tera aarketable
Other
9
10
11
12
13
14
107.1
64.8
42.3
115.9
71.0
44.9
203. 1
139.5
63.6
226.9
158.0
68.9
237.8
163.2
74.7
230.0
153.7
76.3
195.9
131.5
64.4
267.0
201.0
86.0
238.4
166.4
71.9
235.1
147.9
87.2
234.2
110.4
123.9
Total private doaestic
Treasury issues
Agency issues
12
13
14
15
16
17
18
19
24.6
15.9
-7.3
23.2
8.7
29.3
21.9
-4.3
26.4
7.4
32.1
33.3
.2
33. 1
-1.2
88.3
75.5
3.1
72.4
12.8
122.8
93.5
3.0
90.4
29.4
97.8
72.6
4.7
67.9
25.2
158.9
147.9
2.7
145.1
11.0
155.1
108.7
2.7
106.0
46.4
79.5
44.7
2.0
42.7
34.8
94.5
21.1
5.2
15.9
73.3
152.6
14.8
4.9
9.9
137.8
20
21
22
23
24
16.0
10.0
-7.3
17.3
0.9
30.8
24. 1
-4.3
28.4
6.7
6. 1
15.4
.2
15.2
-9.2
42.2
39.4
3.1
36.3
2.8
77.0
53.5
3.0
50.5
23.5
50. 4
41. 1
4. 7
36.4
17.3
135.5
130.6
2.7
127.9
4.9
115.0
73.7
2.7
70.9
41.4
-.8
-31.2
2.0
-33. 1
30.3
53.3
-13.8
5.2
-19.0
67.2
99.9
-33.3
4.9
-38. 1
133.2
25
26
27
-.1
-.«»
.5
-1.1
-1.2
*
4.2
4.2
.1
5.0
5.0
♦
7.1
7.2
-.1
14. 1
14. 1
-. 1
3.5
3.6
-.1
4.4
4.4
-.1
6.5
6.6
-.1
-12.0
-11.9
-.1
28
29
30
7.t#
6.5
1.4
-. 4
-1.0
.6
21.7
13.8
7.9
41.2
31. 1
10.0
38.7
32.7
6.0
25.3
17.4
7.9
19.9
13.7
6.2
35.7
30.6
5.1
73.9
69.3
4.6
31
32
33
25.6
15.9
9.7
11.7
1.9
9.0
27.7
20.4
7.3
46.3
45.5
.7
1.3
2.5
-1.3
19. 1
24.3
-5.2
-23.0
-23.4
•3
12.5
10.7
1.8
34
35
36
25.0
.5
.1
11.4
.6
-.3
26.7
.8
.2
44.2
1.7
.4
1.3
-.6
.6
19.6
-1.0
.5
-23.2
-.5
.6
11.5
.3
.6
37
56.9
74.9
143.4
92.3
113.7
113.2
60.1
119.4
38
39
40
56.9
33.0
23.9
74.9
47.2
27.7
143.4
85.0
57.6
92.3
36.9
55.4
113.7
67.2
46.6
113.2
56.9
56.3
60.1
7.0
53.0
119.4
81.6
37.8
41
42
43
13.8
5.7
8.1
3.1
-3.5
6.6
37.4
7.5
29.8
45.5
15.7
29.8
30.0
10.2
19.8
51.2
22. 1
29.2
26.8
-9.0
35.8
36.0
20.2
15.6
44
45
46
3.3
.0
2.5
.9
-.2
1.2
1.9
.7
1.2
9.8
3.8
6.0
.3
-.2
.5
.5
-.8
1.3
-.9
.5
-1.5
47
48
49
4.3
3.2
1.1
1.2
.7
.5
8.8
8.4
.4
10.0
10.0
*
—2. 1
-2.4
•3
5.6
5.3
.3
50
51
52
2.7
1.0
1.8
5.5
2.3
3. 1
12.7
8.4
4.3
19.3
12. 1
7.2
23.6
12.6
11.0
53
54
55
19.5
13.0
6.5
26.2
15.9
10.3
35.7
25.4
10.3
15.5
10.2
5.3
56
57
58
9.9
6.2
3.7
11.8
6.6
5.2
19.4
9.3
10.1
59
60
61
1.8
1.6
.2
2. 2
1.4
•8
62
63
.3
2.6
64
-1.4
Private donestic nonfinan.
Total Treasury issues
Savings bonds (HH)
Other Treasury issues
Agency issues
15
16
17
18
19
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
20
21
22
23
24
-7.9
-7.8
-.1
Nonfin. corp, business
Treasury issues
Agency issues
25
26
27
53.2
46.9
6.3
60.6
55.9
4.8
State and local govts.
Treasury issues
Agency issues
28
29
30
-3.4
-1.4
-2.0
30.6
32.4
-1.8
28.0
27.6
.5
-2.7
-1.4
.7
29.9
-.1
.7
20.8
6.5
.8
162.2
110.0
53.6
162.2
123.2
39.1
110.0
94.3
15.7
53.6
68.0
-14.4
5.9
7.3
-1.4
.9
-.4
1.3
-21.2
4.4
-25.5
-.5
-.5
•1
1.9
-.1
2.0
2.3
-.8
3.1
-4.7
-1.4
-3.3
-1.5
-1.6
•1
-5.4
-5.8
.3
-7.0
-7.3
•3
5.6
5.2
.4
5.4
4.9
.5
15.9
7.7
8.2
17.9
7.5
10.4
26.4
15.0
11.5
34.0
20.1
14.0
13.8
3.8
10.0
16.4
11.8
4.6
Life insurance conpanies 50
Treasury issues
51
Agency issues
52
18.7
12.0
6.7
14.2
3.7
10. 4
14.4
9.3
5.1
19.9
15.3
4.6
26.3
19.5
6.6
21.7
21.4
.3
24.2
16.2
6. 1
Private pension funds
Treasury issues
Agency issues
17.0
12.0
4.9
21.6
16. 6
5.0
26.4
22.6
3.8
11.9
11.9
♦
22.0
20.0
2.0
26.3
11.9
14.3
19.8
21.4
-1.6
6.6
8. 1
.5
St.*local govt.rtr.funds 56
Treasury issues
57
58
Agency issues
2.2
.6
1.5
5.5
3.3
2.2
8.1
4.9
3.2
6.0
2.9
3. 1
8.6
5.4
3.2
9.4
5.8
3.6
8.5
5.5
3.0
5.5
3.3
2.2
7.5
4.8
2.8
Cther insurance cos.
Treasury issues
Agency issues
.9
23.7
2.3
22.7
•6
-18.4
6.4
6.2
5.6
-4.4
5.6
-14.3
8.2
.7
6.1
42.7
37.5
5.4
9.2
2.9
-.6
.4
-12.4
1.0
-7.9
-8.3
2.7
17.5
-2.4
5.3
Hutual funds (Treasury) 62
Honey nkt.funds (Treas.) 63
Security brokers and
64
Dealers (Treasury)
BILLIONS OP DOLLABS.
Counercial banking
Treasury issues
Agency issues
Connercial hanks
34
foreign banking offices 35
Eanks in O.S.possessions 36
private nonbank finance
37
Total pvt. nonbank finance 38
Treasury issues
39
Agency issues
40
Savings and loan assns.
Treasury issues
Agency issues
41
42
43
Nutual savings banks
Treasury issues
Agency issues
44
45
46
Credit unions
Treasury issues
Agency issues
47
48
49
(1) Where not shown separately, loan participations are included with
agency issues.
(2) These issues are outside the budget and outside the O.S. Governaent
sector in flow of funds accounts. They are included in credit
aarket debt of financial institutions.
11/85 BASED ON INCOHPLETE INFOBHATION,
31
32
33
53
54
55
59
60
61
SEPTEMBER 23, 1985
Private Securities
Private Securities
lax-Exeapt Debt and Corporate and Foreign Securities
OMADJOSTED MET FLOWS(S HILL)
OMADJOSTED MET FLOWS ($ HILL)
1984
I
II
III
IV
|
|
1985
I
11
1975
BILLIONS OF DCLLABS
1976
1978
1977
1979
Tax-Exeapt Debt Securities and Loans
1 Met change in liabilities
State and local governaents
2
Short-tera
3
4
Other
5
6
Households & nonprof. org.
Nonfin. corporate business
(Industrial revenue bonds)
7 Net change in assets
Households
8
Nonfin. corporate business
9
10
State+local govt. gen. fends
11
12
13
Coaaercial banking
Savings and loan assns.
Mutual savings banks
14
15
16
17
Insurance
Life insurance coapanies
State+local govt.rtr.funds
Other insurance coapanies
18
19
Hutual funds
Brokers and dealers
5,242
874
-1,754
2,628
11,730
7,230
458
6,772
17,877
12,100
-521
12,621
30,904
17,036
-1,145
18,181
11,074
5,403
-5,268
10,671
26,559
19,448
1,604
17,844
16. 1
12. 1
-.3
12.4
15. 1
11.2
-4. 1
15.2
21.9
11.8
-2.9
14.7
28.4
18. 1
.6
17.5
30.3
17.4
1.0
16.5
1
2
3
4
2,366
2,000
2,281
2,219
2,413
3,364
2,909
10,959
2,271
3,400
2,111
5,000
1.4
2.6
2.0
2.5
3.4
6.7
2.6
7.7
2.9
10.0
5
6
5,242
498
-48
499
11,730
11,447
-105
289
17,877
9,755
57
500
30,904
18,927
-39
416
11,074
2,729
73
-162
26,559
18,586
48
90
1b. 1
6.2
—.2
2.4
15.7
2.0
-1. 1
2.4
21.9
-1.5
*
•6
28.4
4.1
•2
-.7
30.3
10.4
-611
-92
-110
-338
-98
-30
5,484
-75
15
7,926
34
25
-4,783
7
15
779
-33
1
1.8
1.0
•6
3.0
-.3
•9
9.2
*
•4
9.6
.1
.5
-1,162
-727
151
-586
-4 86
-46
113
-553
-622
8
-210
-420
-299
536
-469
-366
32 7
13
213
101
434
2
-48
480
4.4
•8
1.0
2.6
7.9
1. 1
1.4
5.4
11.4
.5
.2
10.7
14.3
•4
•4
13.5
6,168
100
1,251
-200
2,363
400
3,614
300
13,268
-400
6,054
600
-. 1
.5
•3
1.6
.2
.5
-.2
7
8
9
-.5 10
♦
9.5 11
-. 1 12
-.4 13
9.9
*
*
9.9
14
15
16
17
1.4 18
.2 19
Corporate and Foreign Bonds
1 Net issues
2
Nonfin. corporate business
3
Foreign
7,064
4,569
-273
9,692
6,257
814
17,950
12,531
590
30,102
18,906
2,932
18,093
13,361
584
28,494
15,741
1,835
36.7
27.2
6.2
41.2
22.8
8.6
38.0
22.9
5. 1
32.8
21. 1
4.2
29.0
17.3
3.9
1
2
3
4
5
6
7
8
2,768
624
-47
2,216
-25
2,621
3,517
-276
-595
-25
4,829
500
179
4,175
-25
8,264
3,570
1,365
3,354
-25
4,148
2,918
118
1,140
-28
10,918
3,599
15
7,314
-10
3.2
.5
.1
2. 7
-
9.8
6.9
. 1
3. 1
—.2
10. 1
1.3
1.2
7.8
-• 1
7.5
.6
.7
6.4
-.2
7.8
2. 1
1.4
4.3
*
4
5
6
7
8
7,064
712
1,522
2,013
-238
9,692
-7,197
2,349
497
-848
17,950
-392
3,628
1,543
-48
30,102
6,893
8,881
693
-336
18,093
8,233
10,493
73 8
344
28,494
-4,340
6,052
4,445
-295
36.7
6.3
.6
1.8
3.5
41.2
10.8
.9
6
2.8
38.0
-.2
3.8
*
1.2
32.8
-6.3
1.9
-.3
.1
29.0
-1. 4
2.6
1
-1. 1
9
10
11
12
13
29. 5
11.6
12.8
3.2
2.0
14
15
16
17
18
Total finance
Coaaercial banking
Savings and loan assns.
Finance coapanies
Beits
9 Net purchases
10
Households
11
Foreign
12
Coaaercial banking
13
Hutual savings banks
14
15
16
17
18
Insurance
Life insurance coapanies
Private pension funds
St.*loc. govt. rtr. funds
Other insurance coapanies
3,599
6,173
-2,564
-163
153
12,654
6,377
1,330
4,081
866
12,879
5,762
3,379
2,857
881
8,745
5,401
36
2,560
748
3,021
6,963
629
-5,177
606
12,635
7,376
600
4,165
494
22.5
9. 1
4.4
6.8
2.2
26.6
1b. 9
.7
5. 1
3.9
32.0
18.8
3.6
b.O
3.7
38.4
17.3
10.3
9.0
1.6
19
20
Hutual funds
Brokers and dealers
-1,114
570
1, 105
1,132
-204
544
3,765
1,461
-3,009
-1,727
9,051
946
.7
1.2
.3
.5
1. 1
.2
-.7
-.4
• 8 19
-1.5 20
______ ________ __
Corporate Eguities
1 Net issues
2
Mutual funds
3
4
5
6
7
8
-1,435 -18,838
13,652
6,278
7,406
24,122
10.6
-.3
10.6
-2.4
b. 5
.9
1.7
-. 1
-4.3
.1
1
2
Other sectors
-15,087 -25, 116 -14,893 -15,923 -18,019 -16,714
Nonfin. corporate business -15,873 -26,382 -16,800 -17,925 -21,250 -18,084
Foreign
-364
7
729
71b
24
1,890
Conaercial banks
195
202
230
21b
209
223
Cther insurance coapanies
670
683
7b 1
781
707
795
285
374
Beits
337
321
408
363
10.9
9.9
•2
1.0
1.0
-1. 1
13. 1
10.5
.3
1. 6
.9
-.3
5.6
2.7
.4
.6
1. 4
.6
1.8
-. 1
-.5
1. 1
.8
.4
-4.3
-7.8
.8
1.3
.9
.5
3
4
5
6
7
8
-1,435 -18,838 -b,019 -6,839
7,406
5,422
-4, 168 -13,601 -10,330 -13,462 -8,033 -1,627
9,084 23,441 24,122
13,652
6,278
8,b74
-17,820 -19,879 -19,004 -22,546 -31,474 -25,749
10. b
-4.7
-.3
-4.4
10. b
-5.0
-2.4
-2.b
6.5
-4.0
.9
-4.8
1.7
-5.4
-. 1
-5.3
-4.3 9
-18.8 10
. 1 11
-18.9 12
1.7 13
* 14
-. 1 15
9 Net purchases
10
Households
11
Mutual fund shares
Other eguities
12
13
14
15
Foreign
Coaaercial banking
Hutual savings banks
16
17
18
19
20
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Cther insurance coapanies
21
22
Hutual funds
Brokers and dealers
-6,839
9,084
5,422
23,441
110
-472
-2b
-1,563
-4
-77
-1,211
-71
-163
-1,197
65
101
-529
130
4.7
♦
.2
2.8
*
• 1
2.7
♦
.4
2.4
*
.1
—884
394
-1,099
133
-312
-6,6b9
-1b7
-4,800
-253
-1,449
3,139
486
700
3,240
-1,267
6,134
-3
2,600
3,862
-275
12,476
1,489
3,915
7,074
-2
5,898
800
311
4,735
52
10.2
1.9
b.7
2.4
-.7
14.7
3.0
7.7
3. 1
.9
10.9
1.2
4.9
3.7
1.2
6.6
-.1
2. 1
2.6
2.0
2,383
570
797
1,133
2,252
544
423
1,461
3,73 7
-1,727
2,590
946
— .9
1.2
-2.4
.5
-3.7
.2
-1.6
-.4
552
2
11/85 BASED OM INCOHPLETE INFOBHATION
—b,0l9
8,674
17.2
.6
9.3
4. 1
3.2
16
17
18
19
20
-2.8 21
-1.5 22
SEPTEHBEB 23, 1985
Private Securities
Private Securities
35
Tax-Exeapt Deht and Corporate and Poreign Securities
SEASONALLY AOJOSTED ANNOAL BATES
1980
1981
1982
SEASONALLY AOJOSTED ANNUAL BATES
1964
III
zz
lax- Exeapt Deht Securities and Loans
1983
1984
1
1
II
I
17
|
1
1985
I
________
93.7 Net change in liabilities
65.3
State aad local governaents
Short-tera
-.2
Other
65.5
1
2
3
4
9.1
13.6
6.4
20.0
5
6
113.0
74.4
-.2
1.7
67.2
25.8
•3
-.6
7
93.7 Net change in assets
Households
8
57.7
Nonfin.
corporate
business
9
•2
•4
State+local govt. gen. funds 10
19.5
-.3
.1
23.0
.1
.1
-12.0
♦
•1
7.7
-. 1
♦
Coaaercial banting
Savings and loan assns.
Hutual savings banks
11
12
13
-2.3
-.6
.5
-2.2
-2.2
.3
-.8
-1.7
-1.9
1.5
-1.9
-1.5
2.2
1.0
•9
•4
1.2
-.5
-.2
1.9
Insurance
Life insurance coapanies
State+local govt.rtr.funds
other insurance coapanies
14
15
16
17
5.0
-.8
9.5
1.6
14.5
1.2
53.1
-1.6
24.2
2.4
Hutual funds
Brokers and dealers
18
19
125.3 Net issues
Nonfin. corporate business
68.1
Foreign
7.3
1
2
3
3
4
30.3
16.3
1.7
14.6
23.4
5.5
1. 1
4.4
48.6
25.0
5.7
19.2
57.3
36.5
-.5
37.0
65.8
37.2
-3.0
40.2
42. 1
24.6
1.8
22.8
35.7
17.7
-4.4
22. 0
72.3
49.2
-4.5
53.6
113.0
57.5
-4.8
62.3
67.2
44.6
-11.6
56. 1
5
6
3.1
10.9
4.4
13.4
8.5
15. 1
11.4
9.4
10.0
18.5
9.5
8.0
9. 1
8.9
9.7
13.5
11.6
43.8
7
8
9
10
30.3
7.0
-.2
.2
23.4
11.0
V
.1
48.6
28.9
.1
.2
57.3
42.3
.7
.6
65.8
40.6
-.1
1.7
42. 1
15.2
-.2
2.0
35.7
30.9
—.4
1.2
72.3
42.0
.2
2.0
11
12
13
13.6
*
-.5
5.0
. 1
-.1
4.7
-.5
.2
3.9
. 1
-.3
12.5
-.2
-.1
4.7
-.4
—.4
2.7
-.4
-.1
14
15
16
17
8.1
.3
.1
7.7
4.2
.5
-.2
4.0
4.2
1.9
-.7
3.0
-.5
.9
-1. 1
-.3
-2.6
-.2
-.4
-1.9
-3.8
-2. 1
•6
-2.3
18
19
2.0
♦
2.9
•2
10.9
-.2
10.3
.4
13.4
.6
24.7
•4
1
2
II
Households £ nonprot. org.
Nonfin. corporate business
(Industrial revenue bonds)
Corporate and Poreign Bonds
1
2
3
29.3
26.7
.8
30.7
21.8
5.4
35.0
18.7
6.7
28.4
16.0
3.8
64.8
42.3
4. 1
27.3
19.8
-1. 1
48.1
28. 9
3.3
71.4
49.4
2.4
112.5
70.9
11.7
71.0
54.8
2.3
4
5
6
7
8
1.8
1.5
.4
.1
-.2
3.5
1.2
-.5
3.6
-.7
9.7
1.1
.2
8.4
*
8.6
4.9
♦
3.6
♦
18.5
8.2
1.2
9.2
-.1
8.5
2.5
-.2
6.3
-. 1
15.9
14.1
-1.1
3.0
-.1
19.7
2.0
.7
17.0
-.1
29.8
14.3
5.5
10.2
-.1
13.9
11.7
.5
1.8
-.1
9
10
11
12
13
29.3
-11.0
8.2
.6
.7
30.7
-3.9
8.4
V
-1.0
35.0
3.9
10.6
1.9
-1.1
28.4
-9.2
4.9
3.9
3.0
64*8
♦
16.4
4.7
-1.5
27.3
-2.9
6. 1
8. 1
-1.0
48.1
-14.0
9.4
2.0
-3.4
71.4
-5.7
14.5
6.2
-.2
112.5
22.7
35.5
2.8
-1.3
71.0
26.8
42.0
3.0
1.4
14
15
16
17
18
29.0
8.7
10.7
9.5
♦
22.8
7.3
3.4
9.2
2.8
20.3
16.2
1.1
3.5
-.5
17.7
16.7
5.8
-.7
-4.2
37.9
23.7
2.2
9.3
2.6
12.0
22.3
-10.3
-.7
.6
46.8
21.7
5.3
16.3
3.5
53.8
25.4
13.5
11.4
3.5
38.9
25.5
•1
10.2
3.0
9.5
25.3
2.5
-20.7
2.4
46.5
25.5
2.4
16.7
2.0
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
14
15
16
17
18
19
20
1.3
.7
1.6
2.7
.2
-.7
2.7
5.4
3.6
3.7
-4.5
9.4
4.4
2.8
-.8
3.7
15.1
-1.1
-12.0
•4
36.2
2.3
Hutual funds
Brokers and dealers
19
20
49.9
14.4
•1
35.4
V
lotal finance
Coaaercial banking
Savings and loan assns.
Pinance coapanies
Beits
125.3 Net purchases
Households
-.6
Poreiga
24.2
Coaaercial banking
17.8
Hutual savings banks
-1.2
4
5
6
7
8
9
10
11
12
13
Corporate Eguities
1
2
21.9
5.2
-3.0
6.3
35.3
18.4
67.8
32.8
-33. 1
37.7
-9.7
50.6
-71.8
28.7
-23.4
35.4
-27.6
36.1
17.3
89.3
3
4
5
6
7
8
Io.8
12.9
2.1
•4
1.2
.3
-9.3
-11.5
.3
.5
1.1
•3
16.9
11.4
1.5
.6
2.8
•6
35.0
28.3
4.0
.7
1.5
•4
-70.8
-77.0
1. 1
.8
2.8
1.4
-60.3
-63.5
-1.5
•8
2. 7
1. 1
-100.5
-105.5
*
.8
2.7
1.5
-58.8
-67.2
2.9
•8
3.0
1.6
-63.7
-71.7
2.9
•9
2.8
1.5
-72.1
-85.0
7.6
•9
3.1
1.3
9
10
11
12
21.9
-8.3
5.2
-13.5
-3.0
-29.7
6.3
-36.0
35.3
-5.7
18.4
-24.1
67.8
6.0
32.8
-26.8
-33.1
-41.6
37.7
-79.2
-9.7
-29.0
50.6
-79.6
-71.8
-55.4
28.7
-84.1
-23.4
-40.6
35.4
-76.0
-27.6
-41.2
36. 1
-77.3
17.3
-45.2
89.3
-134.6
13
14
15
5.4
*
-.5
5.8
-.1
-.6
3.9
*
-.5
5.4
♦
.3
-2.7
-. 1
-.2
*
*
.4
-2.3
-.1
-4.1
V
-.3
-4.3
-.3
-.7
-7.1
.3
.4
16
17
18
19
20
26.6
.5
17.7
5.3
3.1
19.4
2.9
5.4
9.1
2.0
34.7
3.4
20.1
8.6
2.7
37.0
3.1
15.3
16.5
2. 1
1.8
.7
-2.6
7.0
-3.3
1.3
1.6
•4
.5
-1.2
-21.8
-.7
-14.3
-1.0
-5.8
10.2
1.9
.4
13.0
-5.1
17.5
♦
3.1
15.4
-1.1
21
22
-1.8
.7
-.6
2.7
3.5
-.7
13.7
5.4
5.9
3.7
8.2
9.4
4.9
2.8
7.8
3.7
2.5
-1. 1
BILLIONS OF DOLLABS.
11/85 BASED ON INCOHPLETE INFOBHATION.
33.5 Net issues
Hutual funds
100.4
1
2
-66.9
-72.3
.1
.9
3.2
1.3
3
4
5
6
7
8
Other sectors
Nonfin. corporate business
Poreign
Coaaercial banks
Other insurance coapanies
Beits
33.5 Net purchases
Households
-8.2
100.4
Hutual fund shares
Other eguities
-108.6
9
10
11
12
-2.5
.5
Poreign
Connercial banking
Butual savings banks
13
14
15
55.2
6.0
20.9
28.3
*
29.1
3.2
6.7
18.9
.2
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance conpanies
16
17
18
19
20
13.3
.4
12.3
2.3
Hutual funds
Brokers and dealers
21
22
SSPTEflSEfi 23, 1985
Aortgages - I
Mortgages - X
flortgage Markets hy Type of Mortgage
36
OMADJOSTED MEI FIOMS{$ Mill)
OM ADJOSTED MET F1OMS($ Bill)
1984
I
IX
XXX
IV
|
1
1975
BIIIIiCMS OF DCXIIBS
1977
1978
1976
1985
X
II
1979
Io tai Bortgages
1 Met change in aortgages
2
Hoae aortgages
Hulti-faaily resid.
3
4
Coaaercial
Fara
5
44,603
31,133
3,023
10,081
366
63,277
39,969
4,843
17, 464
1,001
56,103
35,225
2,331
17,758
789
49,906
32,840
3,688
13,462
-84
46,984
32,356
3,296
11,824
-492
53,167
37,150
3,543
12,508
-34
57,9
42.0
*
11-2
4.6
65.4
63,9
3.9
11.9
5.7
126,2
94,0
7.0
18, 1
7.1
152, 1
113.6
9,4
22,0
7.2
166. 1
121.7
8.2
24.4
11,8
1
2
3
4
5
6 Borrowings hys
O.S. Governaent
7
fieits
8
44,603
-37
-11
63,277
-24
-22
56,103
-28
—23
49,906
-11
-16
46,984
-25
-5
53,167
-19
-1
57.9
-.1
,4
85*4
1
126.2
1
*
152. 1
1
.2
166.1
-. 1
*
6
7
8
44,651
35,843
622
8,186
366
10,076
—2,256
63,323
34,455
610
28,258
1,001
24,544
2,713
56,154
33,507
612
22,035
789
20,372
874
49,933
34,734
607
14,592
-84
15,692
-1,016
47,014
38,114
605
8,295
-492
11,733
-2,946
53,187
31,500
602
21,085
-34
18,401
2,718
57.6
40.6
1.0
16.0
4.6
12,5
-1. 1
85. 1
61.4
•8
22,9
5.7
14,6
2.4
126.3
90.6
1.1
34.4
7.1
23.8
3,5
152. 1
112.9
1,3
37.9
7,2
26.6
4. 1
166.2
123.0
1.5
41.8
11.8
28.6
1.4
9
10
11
12
13
14
15
16 Funds advanced byr
Households
17
St.+loc. govt. gen. funds
18
44,603
817
1,388
63,277
3,342
1,179
56,103
4,299
1,426
49,906
2,271
1,719
46,984
3,158
1,500
53,167
-835
1,500
57.9
6.5
1.6
65.9
7.4
1.3
126.2
6.1
.6
152, 1
14,8
2,5
166. 1 16
20.2 17
6.5 18
19
20
21
U.S. Goveraaent
Sponsored credit ag,
Mortgage pools
-320
4,151
11,124
243
2,669
7,680
-1,031
1,807
12,194
1,577
3,708
13,449
20,1
5,043
15,046
-5,734
3,364
23,282
6.5
5.3
7. 1
♦&
2.9
12.2
4-3
3.5
16. 1
4,2
12,2
13.6
6.6 19
14,4 20
23. 1 21
22
23
24
25
26
27
Private finan. institutions
Coaaercial banking
Savings institutions
S+l associations (1)
Mutual saviags hanks
Credit unions
27,443
8,996
16,030
14,778
1,123
129
48,164
12,605
30,457
27,976
2, 352
129
37,408
11,432
24,949
22,453
2,366
130
27,182
11,525
13,726
12,243
1,353
130
22,036
8,763
10,629
9,132
1,366
131
31,590
12,311
15,521
13,337
2,053
131
30.9
3.6
30.2
27.4
2.3
.5
61.2
15. 1
47.6
42. 7
4.4
.5
93.8
27.4
61.9
55.1
6.5
.3
104.8
35. 1
57.8
50.6
6.4
•6
95. 4
30.6
48. 2
44.0
3.6
•6
22
23
24
25
26
27
931
446
307
75
103
1,2.64
2,552
2,400
-133
209
76
2,328
222
2,171
1,957
121
33
60
-1,365
221
1,849
1,481
23
295
50
-140
222
1,923
1,674
120
100
29
500
221
3,037
2,799
120
100
18
500
221
2.6
2.9
♦
-,2
• 1
-1.3
-4.8
2.6
2.4
*
.2
. 1
-.4
-3.8
5.8
5.2
. 1
.3
. 1
1.2
-2.4
10, 1
9.3
.2
.5
♦
3.0
-1. 1
14.0
12.3
,4
1.0
.3
3.5
-1.0
28
29
30
31
32
33
34
1,616
70
4,938
-4.0
-2.0
4.3
12.5
9
10
11
12
13
14
15
28
29
30
31
32
33
34
Private nonfinancial sectors
Households
Monprofit institutions
Nonfinancial husiness
Faras
Monfara noncorporate
Corporate
(J)
Insurance
life insurance coapaaies
Private pension funds
St.+loc, govt, rtr,-funds
Other insurance cos.
Finance coapanies
fieits
242
35 (1) Meao: FttIB loans to s+l
8,251
7,146
-1,345
associations {included in "other loans" category)
9.2 35
Hoae Mortgages
3
4
1 Met borrowing
Households
Monfara noncorp. business
Nonfin. corporate husiness
31,133
35,843
-2,355
-2,355
39,969
34,455
2,757
2,757
35,225
33,507
859
859
32,840
34,734
-947
-947
32,356
38,114
-2,879
-2,879
37,150
31,500
2,625
2,825
42.0
40.6
.7
.7
63.9
61.4
1.2
1.2
94.0
90.6
1.6
1.6
113.6
112.9
•4
.4
121.7
123.0
—.6
-.6
1
2
3
4
5 Met change in assets
Households
6
7
State and local governaents
31,133
-39
1,292
39,969
2, 086
1,152
35,225
3,155
1,154
32,840
1,454
1.598
32,356
2,401
1,250
37,150
-1,691
1,250
42.0
5.6
•6
63.9
4.6
.8
94.0
5.4
•2
113.6
12.0
2.0
121.7
16.2
4.7
5
6
7
63
2
8
9
10
11
U.S. Governaent
Spons, credit agencies
Mortgage pools
Coaaercial banking
4,0.06
10,993
2,592
10
1, 934
7,230
4,972
-285
1,459
11,499
3,011
834
3,819
13,692
2,980
204
.4,948
14,143
2,842
-3,322
3,278
20,313
4,387
4. 1
2.5
7.3
2. 1
-.7
.5
11.9
9. 2
2.5
.5
15. 7
18. 9
1.9
9.0
12.4
24. 1
2.3 8
9.2 9
21.8 10
20. 0 11
12
13
14
15
Savings institutions
Savings and loan assns.
Hutual savings hanks
credit unions
11,887
10,663
895
129
21,235
19,405
1,701
129
16,790
15,149
1,511
130
8,555
7,432
993
130
6,574
5,815
628
131
12,589
10,397
2,061
131
22.3
21.0
•6
.5
38.8
35.2
J. 1
.5
52.0
46.8
.3
50.0
44.6
4.8
.6
42.8
39.4
2.8
.6
12
13
14
15
16
17
18
19
Insurance
life insurance coapanies
Private pension funds
St.+lo.c« govt. rtr. funds
-454
-.402
-44
-8
-528
-480
-26
-22
-272
-233
-14
-25
-110
-24
— 80
-6
-272
-262
-10
81
91
-10
-
-1.9
-1.4
-.1
-.4
-1.6
-1.5
-. 1
.*
-1.3
-1.4
*
. 1
-.2
-.3
.2
-. 1
2.3
1.7
.3
.3
16
17
18
19
20
21
Finance coapanies
fieits
787
6
U870
6
-1,291
5
14
4
250
16
250
15
—.5
-.5
•4
-.2
.4
-.2
2.7
-.2
2. 7 20
-.2 21
11/85 BASED OH IMCOAPXETE IMFOBflAIIOH
4.9
SEPTEMBER 23, 1985
Mortgages - I
Mortgages - X
37
Mortgage Markets by Type of Hortgage
SEASOMALLT AOJUSTEO AMMOAL MATES
SEASOMALLT ADJUSTED ABBUAL BATES
1984
I
1980
1981
1982
1983
1984
|
X
XI
1985
|
XXX
XT
1
X
IX
Total Hortgages
1
3
4
5
129.3
93.8
6.9
19.2
9.3
108.4
71.6
4.7
22.2
9.9
86.2
50.4
5.2
25.3
5.3
175.6
115.6
9.4
47.7
3.0
213.9
139.2
13.9
58.8
2.1
196.3
136.8
12. 1
45.7
1.7
240.4
152.9
19.6
65.5
2.4
211.3
131.8
9.4
67.3
2.8
207.6
135.2
14.5
56.5
1.4
205.2
140.6
13.2
52.9
-1.5
199.0 Het change in aortgages
Bone aortgages
141.0
Hulti-faaily resid.
14.4
45.1
coaaercial
Fara
-1.6
1
2
3
4
5
6
7
8
129.3
-.1
♦
108.4
-. 1
♦
86.2
-. 1
•1
175.6
1
♦
213.9
-.1
-.1
196.3
-.1
♦
240.4
-.1
-.1
211.3
-.1
-.1
207.6
*
-.1
205.2
-. 1
*
199.0 Borrowings by:
o.s. Governaent
-.1
a
Beits
6
7
8
9
10
11
12
13
14
15
129.4
95.4
1.9
32.1
9.3
20.8
2.0
108.5
74.4
2.3
31.9
9.9
23.9
-1.9
86.2
49.5
2.6
34.0
5.3
30.0
-1.3
175.7
110.1
2.5
63. 1
3.0
57.2
2.9
214.1
138.5
2.5
73.1
2.1
70.7
.3
196.4
132.7
2.5
61.3
1.7
57.2
2. 4
240.6
150.4
2.4
87.8
2.4
84.3
1.1
211.5
134.5
2.4
74.6
2.8
73.0
-1.3
207.7
136.6
2.4
68.6
1.4
68.2
-1.0
205.3
139. 1
2.4
63.8
-1.5
64.8
.5
199.0
139.3
2.4
57.3
-1.6
58.5
•4
18
17
18
129.3
18.4
9.8
108.4
20.6
7.7
86.2
16.4
5.2
175.6
-.1
6.0
213.9
10.7
5.7
196.3
2.7
5.6
240.4
13.7
4.7
211.3
16.6
5.7
207.6
9.7
6.9
205.2
12.2
6.0
199.0 funds advanced by:
-2.9
households
St.+ioc. govt. gen. funds
6.0
19
20
21
7.5
14.2
19.2
4.9
12.6
15.0
2.4
14.1
49.5
1.2
10.4
66.4
.5
12.3
44.4
-.3
17.4
43.2
•3
10.5
36.2
-4.3
8.0
47.0
6.2
13.5
51.4
2.0
21.3
58.6
*23.6
13.2
99.2
U.S. Governnent
Sponsored credit ag.
Bortgage pools
22
23
24
25
26
27
60.3
17.5
29.4
28.3
•6
.5
47.5
21.6
17.8
17.7
-.4
.5
-1.5
16.0
-25.6
-23.6
-2.5
.5
91.8
29.2
50.9
47.1
3.3
.5
140.2
44.6
85.2
77.5
7.2
•5
127.6
46. 0
70.7
65.4
4.8
.5
175.0
44.2
112.3
102.1
9.6
.5
138.2
42.0
90.7
81.0
9. 1
.5
120.0
46.0
67.0
61.3
5.2
.5
105. 1
45.1
48.3
42.2
5.7
.5
107.0
42.7
51.6
42.6
8.4
.5
Private finan. institutions
Coaaercial banking
Savings institutions
S+1 associations (1)
Mutual savings banks
Credit unions
28
29
30
31
32
33
34
14.7
12.7
•4
1.3
.3
-.6
-.7
9.0
6.7
.3
1.6
.4
.2
-1.1
6.0
4.2
•3
1.3
.3
2.2
*
10.7
9.0
.1
.9
.7
.9
.1
7.5
6.3
.3
.6
.3
2. 1
.9
5.3
3.4
1.3
.3
.4
4. 8
•9
10.6
10.0
-.5
.8
.3
6.9
.9
9.2
8.4
•4
.1
.2
-4.6
.9
4.8
3.3
.1
1.2
.2
1.3
.9
9.4
8.4
.5
.4
.1
1.4
.9
12.5
11.5
.5
•4
•1
-.6
•9
35
7.1
16.2
.8
-7.0
15.7
7.2
24.5
24.5
2
---------
----- -
-----
Private nonfinancial sectors
Boaseholds
Monprofit institutions
Moafinancial business
Earns
Honfarn noncorporate
corporate
(1)
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt, rtr.funds
Other insurance cos.
Pinaace conpanies
Beits
10.0 (1) Meaos FHLB loans to s+1
6.4
13.3
associatioas (included ia "other loans" category)•
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
—— —————————— ——— ——— ———
Hoae Mortgages
———— ————————————•
———- ——— ——— ———
————— ————
1
2
3
4
93.8
95.4
-.8
-.8
71.6
74.4
-1.4
-1.4
50.4
49.5
.4
.4
115.6
110.1
2.8
2.8
139.2
138.5
♦3
.3
136.8
132. 7
2.0
2.0
152.9
150.4
1.3
1.3
131.8
134.5
-1.4
-1.4
135.2
136.6
-.7
-.7
140.6
139. 1
•8
•8
141.0 Het borrowing
Households
139.3
Honfarn noncorp. business
•9
.9
Honfin. corporate business
1
2
3
4
5
6
7
93.8
16.6
7.9
71.6
17.8
5.8
50.4
13.0
3.0
115.6
-3.4
5.1
139.2
6.7
5.2
136.8
-.2
5.2
152.9
8^4
4.6
131.8
12.6
4.6
135.2
5.8
6.4
140.6
9.6
5.0
141.0 Met change in assets
Households
-6.8
5.0
State and local governaents
5
6
7
8
9
10
11
2.7
7.6
18.7
11.0
2.4
5. 1
14.3
9.9
1.5
10.3
49.3
2.7
.7
9.4
65.2
8.7
.6
11.2
43.4
13.6
1.0
16.8
42.7
18.0
-.2
8.3
34.4
15.7
-1.5
6.5
44.2
11.0
3.1
13.2
52.4
9.5
1.7
20.8
55.0
19.0
-13.5
13.6
87.4
12.9
12
13
14
15
27.8
26.2
1.1
.5
16.6
15.8
.3
.5
-31.3
-30.4
-1.4
.5
30.5
25. 1
4.9
.5
58.5
52.8
5.1
.5
52.0
47.5
4.0
.5
78.1
70.8
6.8
•5
60.0
53.5
6.0
.5
43.8
39.6
3.6
.5
29.9
26.6
2.8
.5
43.0
34.4
8. 1
.5
16
17
18
19
2.5
1.8
.2
•4
-.4
-.7
. 1
.3
-.2
-.5
. 1
.1
-1.5
-1.4
*
♦
-1.4
-1.1
-.2
-.1
-1.7
-1.5
-.2
*
-1.5
-1.3
-. 1
-.1
-1.3
-1.1
-. 1
-.1
-1.0
-.6
-.3
*
-.9
-.9
*
-
1.0
1.0
*
-
20
21
-.9
1
.2
-. 1
2.2
*
.9
♦
1.4
#
2.8
*
5.1
♦
-4.3
♦
1.9
*
.4
• 1
-1.6
.1
BILLIONS OF DOLLARS.
11/85 BASED OH IHCOHPLETE IMPOBHATIOM.
U.S. Governaent
Spons. credit agencies
Hortgage pools
Coaaercial banking
8
9
10
11
Satrngs institutions
Savings and loan assns.
Mutual savings banks
credit unions
12
13
14
15
Insurance
Lite insurance coapanies
Private pension funds
St.»loc..govt. rtr. funds
16
17
18
19
Finance coapanies
Beits
20
21
SEPTEMBEB 23, 1985
Mortgages - II
Hortgages - II
Mortgage Markets (Continued)
3$
OHADJOSTED NET PLOWS(A MILL)
UNADJUSTED BET PLOWS(A HILL)
1984
I
II
III
IV
|
1
1985
II
I
1975
BILLIONS OF DOLLAfiS
1976
1977
1978
1979
Hulti-fanily fiesidential Hortgages
———
1 Net borrowing
Honiara noncorp. business
2
3
Nonfin. corporate business
4
Beits
O.S. Governaent
5
3,023
2,866
198
-4
-37
4,843
4,847
27
-7
-24
2,331
2,310
57
—8
-28
3,688
3,760
-56
-5
-11
3,296
3,406
-83
-2
-25
3,543
3,714
-152
-19
*
-.3
.3
.1
-. 1
3.9
2.7
1.2
• 1
-. 1
7.0
5. 1
2.0
*
-. 1
9.4
6.7
2.7
*
-. 1
8.2
5.9
2.4
♦
-. 1
1
2
3
4
5
6 Net change in assets
Households
7
State and local governaents
8
3,023
149
44
4,843
235
12
2,331
203
191
3,688
112
134
3,296
238
150
3,543
-362
150
*
-.3
.7
3.9
.2
.3
7.0
•4
.3
9. 4
•6
•4
8.2
.5
1.4
6
7
8
.9
#
1.5
1. 1
1. 1 9
.2 10
1.2 11
.9 12
9
10
11
12
O.S. Governaent
Spons. credit agencies
Mortgage pools
Coanercial banks
-485
53
133
1,414
—6
453
488
665
-509
124
427
-273
273
229
17
1,349
-239
242
903
54 2
-771
525
1,328
742
1.2
•2
.4
-1.7
.2
-. 1
.5
2.2
.3
.1
.9
1. 1
13
14
15
Savings institutions
Savings and loan assns.
Mutual savings banks
1,489
1,540
-51
2,874
2,714
160
2,264
1,976
288
1,250
1,195
55
1,117
1,140
-23
1,384
1,116
268
2.6
1.7
.9
3.3
2.9
•4
4.9
4. 1
.8
4.3
3.5
.8
2. 1 13
1.5 14
.6 15
16
17
18
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
-24
-2
28
-55
4
19
-200
48
19
189
69
16
54
30
25
257
30
25
*
♦
•2
-.5
*
*
—.4
*
-.2
.2
-. 1
•6
.2 16
17
.6 18
19
20
Finance coapanies
Beits
118
106
55
99
-68
105
-57
107
150
84
150
85
-.8
-2.6
-.5
-1.7
.3
-.8
.3
-.5
.3 19
-.2 20
Coaaercial Bortgages
1 Net borrowing
2
Households
Nonfarn noncorp. business
3
4
Nonfin. corporate business
5
Beits
10,081
622
9,565
-99
-7
17,464
610
16,940
-71
-15
17,758
612
17,203
-42
-15
13,462
607
12,879
-13
-11
11,824
605
11,206
16
-3
12,508
602
11,862
45
-1
11.2
1.0
12.0
-2. 1
.3
11.9
•8
10.8
—
.3
18.
1.
17.
-.
1
1
1
1
*
22.0
1.3
19.5
1. 1
. 1
24.4
1.5
23.3
-.4
*
6 Net change in assets
7
Households
8
State and local governaents
9
O.S. Governnent
10
Coaaercial banking
10,081
651
60
15
4,663
17,464
778
22
70
6,643
17,758
801
80
-153
8,49z
13,462
655
3
99
6,908
11,824
54 2
100
46
5,592
12,508
1,117
100
-193
6,852
11.2
-.3
*
.5
3. 1
11. 9
.7
*
•4
3.4
18. 1
.9
V
•6
6.3
22.0
1.3
*
.6
9.2
24.4 6
1. 1 7
.2 8
.8 9
9.7 10
1
2
3
4
5
11
12
13
Savings institutions
Savings and loan assns.
Hutual savings banks
2,653
2,375
278
6,348
5,857
491
5,894
5,328
566
3,921
3,616
305
2,938
2,177
761
1,548
1,824
-276
5.3
4.6
.7
5.6
4.6
.9
4.9
4.2
.7
3.5
2.7
.8
3.3 ,1
3. 1 12
.2 13
14
15
16
17
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
Other insurance coapanies
1,059
353
55
103
2,906
-111
212
76
2,353
87
39
60
1,493
34
285
50
2,181
100
75
29
2,670
100
75
18
3.9
. 1
.3
.1
3. 7
. 1
.2
. 1
5.5
.1
.4
• 1
7.8
♦
. 1
*
8.7
. 1
.2
.3
18
19
Finance coapanies
fieits
359
110
403
117
-6
111
-97
111
100
121
100
121
*
-1.8
-.3
-1.8
.6
-1.3
•1
-.5
.5 18
-.5 19
14
15
16
17
Para Mortgages
1 Net borrowing
366
1,001
789
-84
-492
-34
4.6
5.7
7. 1
7.2
11.8
1
2 Net change in assets
3
Households
4
State and local governaents
366
56
-8
1,001
241
-7
789
140
1
-84
50
-16
-492
-23
-34
101
4.6
1.4
♦
5. 7
1.7
. 1
7. 1
1.4
*
7.2
.9
. 1
11.8
2.4
.2
2
3
87
92
-2
169
282
-3 b
-84
224
268
371
-340
-260
190
-147
•
-1,448
-439
1,641
.7
2.6
— .6
.6
2.5
-.2
•8
2.9
-.5
.8
3.2
-.3
2. 3
5. 1
. 1
5
6
7
327
1
-187
-
325
29
202
1
37
-
288
-177
-
-213
-299
330
-219
-
•3
*
.4
-.2
•4
*
.7
♦
1.0
V
1.4
♦
.7
♦
1.6
*
. 1 8
♦ 9
1.6 10
♦ 11
5
6
7
O.S. Governnent
Sponsored credit agencies
Mortgage pools
8
9
10
11
Coanercial ranks
Mutual savings banks
Life insurance conpanies
St.+local govt. rtr. funds
11/85 BASED ON INCOMPLETE INFOBHATION
4
SEPTEMBER 23, 1985
Mortgages - II
Mortgages - II
39
Mortgage Markets (Continued)
SEASONALLY ADJUSTED ANNOAL SATES
1980
1981
1982
SBASONALLI ADJOSTED ANNOAL BATES
1983
1984
1
1
1984
HI
II
I
17
|
|
1985
I
II
Hulti-Fanily Besidential Mortgages
1
2
3
4
5
6.9
4.0
3.0
*
-.1
4.7
4.1
•8
•
-.1
5.2
5.9
-.6
*
1
9.4
8.6
.8
*
-.1
13.9
13.8
•2
*
-. 1
12. 1
11.5
.8
4
-. 1
19.6
19.6
•1
*
-.1
9.4
9.3
•2
*
-.1
14.5
14.7
-.2
♦
♦
13.2
13.6
-.3
♦
-.1
14.4 Net borrowing
Nonfarn noncorp. business
15.1
-.6
Nonfin. corporate business
Beits
O.S. Governaent
-.1
1
2
3
4
5
6
7
8
6.9
.6
1.5
4.7
.1
1.2
5.2
1.0
1.4
9.4
.5
.5
13.9
.7
•4
12.1
•6
•2
19.6
.9
♦
9.4
•8
•8
14.5
•4
.5
13.2
1.0
.6
14.4 Net change in assets
-1.4
Households
.6
State and local governnents
6
7
8
9
10
11
12
1.9
.2
.7
1.7
1.0
-.1
•9
2. 1
-.3
-. 1
.4
1.4
-.3
-.1
1.2
1.9
-.7
.9
1.1
3.2
-1.9
•2
.5
5.7
♦
1.8
2.0
2.7
-2.0
.5
1.7
-1. 1
1. 1
.9
.1
5.4
-1.0
1.0
3.6
2.2
-3.1
2. 1
5.3
3.0
13
14
15
*
.6
-.6
-.7
-.4
—. 2
1. 1
2.0
-. 9
5.0
7.0
-2.0
7.9
7.4
.5
6.0
6.2
-. 2
11.5
10.9
•6
9.1
7.9
1.2
5.0
4.8
.2
4.5
4.6
-.1
16
17
18
.3
-.2
.5
-.2
♦
.9
-.4
«
.6
•3
*
•6
-. 1
.1
-. 1
. 1
♦
*
•1
-.8
•2
.1
.5
.3
.1
19
20
.2
-.3
-. 1
-.3
• 1
♦
-.4
.1
♦
•4
.5
.4
.2
.4
-.3
.4
*
O.S. Governnent
Spons. credit agencies
Bortgage pools
Connercial banks
9
10
11
12
5.5
4.5
1.1
Savings institutions
Savings and loan assns.
Mutual savings bants
13
14
15
.2
• 1
.1
1.3
.1
•1
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
16
17
18
-.2
•4
•6
.3
•6
•3
Finance coapanies
Beits
19
20
Connercial Mortgages
1
2
3
4
5
19.2
1.9
17.5
—.2
*
22.2
2.3
21.2
-1.3
V
25.3
2.6
23.7
-1. 1
. 1
47.7
2.5
45.8
-.7
*
58.8
2.5
56.6
-.2
♦
45.7
2.5
43.7
-.4
*
65.5
2.4
63.4
-.3
-. 1
67.3
2.4
65.1
-.2
-. 1
56.5
2.4
54.2
-.1
♦
52.9
2.4
50.4
.1
♦
45. 1 Net borrowing
Households
2.4
Nonfarn noncorp. business
42.5
Nonrrn. corporate business
.2
*
Reits
6
7
8
9
10
19.2
.9
.2
1.2
4.8
22.2
1.1
.5
1.0
9.8
25.3
1.2
.9
.7
11. 8
47.7
2. 1
.4
•4
17.7
58.8
2.9
•2
♦
26.7
45.7
2.6
.2
. 1
20.9
65.5
3.1
.1
•3
25.1
67.3
3.2
.3
-.6
31.3
56.5
2.6
*
.4
29.6
52.9
2.2
.4
.2
24.6
45.1 Net change in assets
4.5
Households
•4
State and local governnents
O.S. Governaent
-.8
Coanercial banking
26.0
11
12
13
1.6
1.5
*
1.9
2.4
—.6
4.6
4.6
-.2
15.4
15.0
•4
18.8
17.2
1.6
12.7
11.7
1.0
22.7
20.5
2.2
21.6
19.6
2.0
18.3
16.9
1.3
14.0
11.0
3.0
3.0
3.8
-.8
14
15
16
17
9.7
.4
.3
.3
7.5
.3
•4
.4
5.4
.1
.5
.3
10.3
. 1
.3
.7
7.8
•4
•6
.3
5.3
1.4
•2
.4
11.4
-.4
.8
.3
10.4
•3
•2
.2
4. 1
•1
1.1
.2
9.8
.4
.3
•1
10.4
•4
.3
.1
18
19
.1
-.4
.2
-.6
-. 1
-. 1
.4
♦
.7
.4
1. 4
.4
1.6
.5
V
.4
-.4
•4
•4
.5
•4
.5
1
2
3
4
5
6
7
8
9
10
Savings institutions
Savings and loan assns.
Mutual savings banks
11
12
13
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
Other insurance coapanies
14
15
16
17
Finance conpanies
Beits
18
19
___________________________ _ _____ ____ ...... .................------- r-r-r--- ,---- -r-T—nr
Farn Mortgages
1
9.3
9.9
5.3
3.0
2. 1
1.7
2.4
2.8
1.4
-1.5
-1.6 Net borroving
1
2
3
4
9.3
.3
.3
9.9
1.6
. 1
5.3
1.3
♦
3.0
.7
♦
2. 1
.5
*
1.7
-.3
♦
2.4
1.3
*
2.8
•2
*
1.4
.8
-.1
-1.5
-.5
-
-1.6 Net change in assets
Households
•9
State and local governaents
2
3
4
5
6
7
1.6
6.4
-.2
.6
7.7
-. 1
.5
3.9
-. 2
•4
1. 1
♦
.5
•3
*
.6
•4
*
•2
.4
-.2
-.2
1.0
1. 1
1.5
-.7
-1.0
1.0
-.5
-
-6.2
-2.5
U.S. Governaent
Sponsored credit agencies
Hortgage pools
5
6
7
8
9
10
11
*
*
.6
*
-.2
. 1
*
*
-.3
-
1.0
-. 1
♦
1. 1
*
-.3
-
1.4
♦
-. 4
-
•8
-.1
-
.9
*
-. 1
-
1.4
-.6
-
-.8
-.8
•8
-1. 1
-
Coanercial banks
Hutual savings banks
Life insurance coapanies
St.+local govt. rtr. funds
8
9
10
11
BILLIONS OF DOLLARS.
Il/tf5 BASED ON INCOMPLETE INFORMATION,
6. 6
SEPTEBBEB 23, 1985
Consuaer Credit and Bank loans N.E.C.
40
Consuner Credit aad Bank Loans N.E.C.
Consuaer Credit and Bank Loans Not Elsewhere Classified
UNADJUSTED NET FLOBSfN HILL)
UNADJUSTED MET ELONS{$ BILL)
1984
I
II
III
|
1
IT
1985
II
I
1975
BILLIONS OE DOLLABS
1976
1977
1978
1979
Consuaer Credit
1 Met chaage in liabilities (BB)
Installnent credit
2
3
Noninstallnent credit
7,419
6,156
1,263
31,109
24,881
6,228
27,680
22,731
4,949
30,279
23,031
7,248
14,158
11,067
3,091
31,828
25,792
6,036
9.6
7.7
1.9
25.4
21.5
3.9
40.2
37.0
3.2
48.8
43. 1
5.7
45.4
38.4
7. 1
4 Net change ia assets
Installnent credit
5
Nonfarn noacorp. business
6
7
Nonfin. corporate business
8
Coaaercial banking
9
Savings and loan assns.
10
Mutual savings banks
11
Credit unions
Finance conpanies
12
7,419
6,156
-193
-1,275
5,647
458
993
2,421
-1,895
31,109
24,881
55
651
13,894
1,862
254
4,001
4,164
27,680
22,731
21
164
10,933
2,452
451
3,915
4,795
30,279
23,031
330
1,853
9,939
2,065
519
4,050
4,275
14,158
11,067
-238
-1,839
7,579
2,404
450
2,574
137
31,828
25,792
36
-73
11,252
3,552
393
3,036
7,596
9.6
7.7
1
.3
2.9
.5
.2
3.8
.2
25.4
21.5
•
.7
10.8
1.0
•2
5.5
3.4
40.2
37.0
1
2.6
16.6
1.3
.3
6.4
7.8
48.8
43. 1
♦
.6
23.6
♦
.5
6.7
11.6
45. 4 4
38.4 5
♦ 6
.5 7
18.2 8
1.3 9
♦ 10
2.2 11
16.2 12
Noninstallnent credit
Nonfarn noacorp. business
Nonfin. corporate business
Connercial banking
Savings and loan assns.
Hutual savings banks
1,263
601
-278
440
350
150
6,228
1,572
1,316
2,335
980
25
4,949
1,418
616
1,615
1,065
235
7,248
2,185
2,744
1,163
979
177
3,091
991
66
1,537
346
151
6,036
1,979
1,099
1,532
1,288
138
1.9
.9
.4
•2
•4
*
3.9
1.2
1.3
1.2
. 1
.2
3.2
.7
-1.4
3.6
•2
.1
5.7
1.4
1.2
2.6
•3
.2
13
14
15
16
17
18
--------Bank Loans Not Elsewhere Classified
Total loans at coaaercial
banks, flow o£ funds basis
1
2
3
7. 1
1.8
1. 1
1.7
2.4
♦
13
14
15
16
17
18
________________
29,057
53,270
28,839
58,069
6,866
36,227
-2. 1
43.6
82.0
115.9
104.8
1
8,996
6,087
-931
-685
15,590
12,605
16,229
-1,151
1,996
23,591
11,432
12,548
788
332
3,739
11,525
11,102
7,088
-1,304
29,658
8,763
9,116
-3,697
-2,407
-4,909
12,311
12,784
6,611
579
3,942
3.8
3. 1
2.1
I. 1
-12. 1
15. 1
12.0
6. 6
3.7
6. 4
27.4
22.3
2.2
.3
29.9
35. 1
26.2
-2.9
-1.3
58.8
30.6
19.9
-.9
2.2
52.9
2
3
4
5
6
14,781
35
774
24,185
214
-808
2,111
234
1,394
24,946
355
4,357
-4,104
422
-1,227
3,979
512
-549
-12.8
-.5
1.2
3.2
-.3
3.5
24.6
.6
4.7
41. 6
-1.0
18. 1
39.9
-.1
13.2
7
8
9
10 ♦ Loans by F.fi. banks
11 = Total bank loans n.e.c.
15,590
•
23,591
3,739
29,658
-4,909
•
3,942
-12. 1
6.4
29.9
58.8
10
52.9 11
12 Net change-in liabilities
13
Nonfinancial sectors
14
Households
15
Farn business
16
Nonfarn noncorp, business
17
Corporate business
15,590
17,172
-4,987
637
713
21,036
23,591
22,811
-1,241
1,783
1,171
23,048
3,739
3,468
-2,764
287
-434
9,755
29,658
28,169
8,003
-1,727
757
23,371
-4,909
-3,622
-5,486
-1,584
-286
5,763
3,942
3,882
3,280
800
-38
2,953
-12.1
-8.4
-1.2
2.0
-2.0
-9. 1
6. 4
10. 1
a
3.0
-3.6
5.2
29.9
30.2
2.8
2.5
•9
20.9
58.8
56.5
4. 1
2.5
.3
30.6
52.9
53.4
1.9
2.8
.6
45.9
12
13
14
15
16
17
18
19
20
21
Foreign
Official institutioas
Banks
Other
-227
104
-1,133
802
-1,950
1,049
-339
-2,660
-3,376
-863
-1,429
-1,084
-2,235
-1,163
-246
-826
-2,029
-1,141
-1,204
316
-3,113
-915
-2,101
-97
2.0
.3
1. 1
.7
5.6
.9
4.2
.5
J. 1
. 1
2.7
.3
19. 1
2. 1
9.5
7.4
2.3
2. 1
-4. 1
4. 2
18
19
20
21
22
23
24
25
Financial sectors
Savings and loan assns.
Finance conpanies
Ueits
-1,582
2,332
-3,917
3
780
356
317
107
271
785
-590
76
1,489
2,293
-740
-64
-1,287
435
-1,757
35
60
-3,004
3,025
39
-3.7
-.3
-2.8
-.6
-3.7
-.3
1.4
.7
-2.4
2.3
.3
2.5
-.5
-.5
2.0
-2.3
-.2
22
23
24
25
1
2
3
4
5
6
7
8
9
- Loans elsewhere classifieds
Hortgages
Consuner credit
Security credit
Open-narket paper
» Banking sector total bank
leans n.e.c.
U.S.-chartered banks
Donestic affiliates
Foreign banking offices
11/85 BASED ON INCOHELETE INFOBHATION
•2
•2. 1
-1.9
SBPTEHBEB 23, 1985
Consuaer Credxt and Bank loans B.E.C.
Consuaer Credit and Bank loans B.E.C.
4i
Consuaer Credxt aad Bank loans Hot Bisevkere Classified
SEASOBALLI ADJUSTED ANNUAL BATES
SEASONALLI ADJUSTED ANNUAL BATES
1980
1981
1982
1983
1984
i
|
1984
1
II
III
IV
|
j
1985
I
II
Consuaer credit
1
2
3
4.7
1.3
3.4
22.7
16.9
5.9
20.1
14.9
5.2
59.8
48.7
11.0
96.5
76.8
19.7
78.8
67.6
11.2
125.4
98.2
27.2
90.2
71.4
18.8
91.5
70.0
21.5
119.4
97.1
22.3
125.2 Net change in liahilities (BH)
Installnent credit
102.3
Noainstallaent credit
22.9
4
5
6
7
8
9
10
11
12
4.7
1.3
-.1
*
-7.2
1.5
1.3
-2.5
8.3
22.7
16.9
•2
•9
•6
2.5
•1
1.9
10.7
20. 1
14.9
•1
*
4.9
3.4
.7
1.3
4.6
59.8
48.7
.3
1.8
19.5
7.3
1.3
6.2
12.3
96.5
76.8
.2
1.4
40.4
6.8
2.2
14.4
11.3
78.8
67.6
• 1
3.3
42.0
1.4
4.0
11.5
5.3
125.4
98.2
.2
2.3
56.5
7.7
1.0
16.0
14.6
90.2
71.4
.2
-1.2
29.7
9.4
1.8
12.6
19.0
91.5
70.0
.3
1.3
33.6
8.9
2.1
17.5
6.4
119.4
97.1
-.1
2.7
55.0
9. 1
1.8
12.2
16.3
4
125.2 Net change in assets
Installnent credit
5
102.3
6
Nonfara noncorp, business
.1
Nonfin. corporate business 7
-1.2
8
Coaaercial banking
46.3
9
14.5
Savings and loan assns.
Mutual savings banks
10
1.6
Credit unions
11
12.3
28.6
Finance coapanies
12
13
14
15
16
17
18
3.4
•6
.5
1.0
1.1
.3
5.9
2.6
1.8
3.4
-1.8
*
5.2
1.7
.5
1.9
.7
.4
11.0
3.5
2.2
3.2
1.7
.5
19.7
5.8
4.4
5.6
3.4
.6
11.2
2.7
1.9
4. 6
1.4
.6
27.2
8.6
6.6
8.0
3.9
•1
18.8
5.1
2.9
5.7
4.3
•9
21.5
6.8
6.2
3.9
3.9
.7
22.3
7.5
3.7
9.J
1.4
•6
22.9
6.6
6.0
4.5
5.2
.6
186.5
107.4
121.4
Noninstallnent credit
Nonfarn noncorp, business
Nonfin. corporate business
Coaaercial banking
Savings and loan assns.
Mutual savings banks
1
2
3
13
14
15
16
17
18
Bank loans Not Elsewhere Classified
1
61.5
90.8
72.9
84.5
169.2
191.3
189.7
109.4
Total loaas at coaaercial
banks, flow of funds basis
- Loans elsewhere classifieds
Bortgages
Consuaer credit
Security credit
Open-Barket paper
- Eanking sector total bank
loans n.e.c.
M.S.-chartered banks
Doaestic affiliates
Foreign banking offices
1
2
3
4
5
6
17.5
-6.2
.8
1.8
47.7
21.6
4.0
5.3
•8
59.2
16.0
6.7
V
.5
49.9
29.2
22.7
2.4
-1.4
31.4
44.6
46.0
5.8
•3
72.6
46.0
46.6
10.5
-1.5
89.6
44.2
64.5
-8.1
6.9
82.1
42.0
35.3
6.1
-1.5
27.4
46.0
37.4
14.6
-2.5
91.1
45.1
64. 1
-.2
-8.9
7.3
42.7
50.8
23.5
2.0
2.5
7
8
9
32.2
-.1
15.5
53.3
.1
5.8
49.6
. 1
.2
32.6
-.2
-.9
66.0
•8
5.7
87.4
. 1
2. 1
75.8
.9
5.5
28.8
.9
-2.3
72.1
1.4
17.5
11.8
1.7
-6.2
-6. 1
2.0
6.6
10
11
47.7
59.2
49.9
31.4
•
72.6
89.6
82.1
27.4
91.1
7.3
12
13
14
15
16
17
47.7
48.6
4.0
.5
3.4
29.1
59.2
58.3
4.3
1.4
6.2
42.9
49. 9
48.0
2. 1
3.2
7.3
41.5
31.4
31.6
3.4
2.8
1.7
18.9
72.6
71.6
-1.0
1.0
2.2
77.2
89.6
90.7
-9. 1
4. 1
2. 1
96.5
82.1
80.4
-9.7
1.6
2.3
92.7
27.4
21.0
-10.5
.5
•8
44.4
91.1
94.3
25.3
-2.2
3.7
75.3
7.3
6.2
-10.9
-5.1
-1.8
36.2
18
19
20
21
11.5
4.5
4.7
2.3
3.7
•8
-4.5
7.3
-6.2
♦
.7
-6.8
4.9
3.0
-.9
2.8
-7.8
—.9
-3.1
-3.8
-2.8
.4
-.9
-2.3
-6.4
4.2
-3.7
-6.9
-14.2
-3.5
-6.1
-4.6
-7.8
-4.7
-1.9
-1.2
-12.2
-4.6
-2.5
-5.1
-11.2
-3.7
-10.9
3.3
Foreign
Cfficial institutions
Banks
Other
18
19
20
21
22
23
24
25
-.9
-.1
-.7
-.1
.9
-.2
.7
.5
1.9
1.5
.3
.1
-.2
5.0
-4.9
-.2
1.0
5.8
-4.9
.1
-1. 1
7.2
-8.3
*
1.7
1.7
-.5
•4
6.4
2.1
4.0
•3
-3.2
12.0
-14.9
-.3
1.0
-1.0
1.9
. 1
-1.0
-11.6
10.5
•2
Financial sectors
Savings and loan assns.
Finance coapanies
Beits
22
23
24
25
BILLIONS Of DOLLARS.
11/85 BASED ON INCOHPLETE INFORMATION.
- ♦ Loans by F.B. banks
2.5 = Total bank loans n.e.c.
2.5 Net change in liabilities
3.5
Nonfinancial sectors
7.9
Households
Fara business
-2.5
-2.9
Nonfara noncorp, business
12.2
Corporate business
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
SEPTEHBEB 23, 1985
Other Loaas
Other Loans
Open-Harket Paper and Other Loans
UNADJUSTED MET FLOWS($ HILL)
UNADJUSTED MET FLOWS($ HILL)
1985
1984
I
11
III
IV
1
1
II
1975
BILLIONS OF DGLLASS
1976
1977
1978
1979
Open-Harket Paper
1 Total net issues, all types
2
Connercial paper
3
Nonfinancial corporations
4
Foreign issues in U. S.
5
6
7
8
Financial business
Connercial hanking
Finance conpanies
Beits
9
10
11
12
13
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
14 Net purchases, hy sector
15
Households
Nonfin, corporate tusiness
16
Foreign
17
18
19
20
21
22
Sponsored credit agencies
Honetary autnority
Connercial nanking
Savings + loan associations
Hutual savings hanks
23
24
25
26
Life insurance coapanies
Private pension funds
Hutual funds
Honey narket funds
11,779
16,867
5,743
2,618
29,075
20,229
10,945
6,358
2,003
6,142
6,886
-3,809
2,566
5,024
-1,859
1,014
14,099
15,843
4,482
917
6,617
11,968
5,914
1,200
-1.2
-1.5
-2.9
•4
8. 1
4.4
1.4
.7
15.0
11.8
1.6
.6
26.4
18. 4
2.7
1.0
40.3
28.7
9.0
1.7
1
2
3
4
8,506
5,074
55
2,926
4,520
-1,650
56
3,065
-2,757
5,765
57
5,869
1,134
4,676
59
10,444
1,357
9,075
12
4,854
-133
4,967
20
1. 1
.3
.6
•1
2.2
-. 8
3.3
-.3
9.6
1.3
8.4
*
14.6
6.7
7.8
•1
18.0
4.5
13.3
. 1
5
6
7
8
-5,088
-203
-102
-101
-4,885
8,846
2,474
1,237
1,237
6,372
-4,139
-371
-186
-185
-3,768
-2,458
40
20
20
-2,498
-1,744
-793
-397
-396
-951
-5,351
220
110
110
-5,571
•2
.3
•2
.2
-. 1
3.8
2.6
1.3
1.3
1.2
3. 1
1.3
.6
.6
1.9
8.0
2.5
1.2
1.2
5.6
11.6
2. 1
1.0
1.0
9.5
9
10
11
12
13
11,779
-3,601
-1,895
1,272
29,075
6,794
4,644
1,331
2,003
-4,916
2,046
-149
2,566
-8,712
4,614
-2,000
14,099
20,034
-5,960
-1,500
6,617
-4,151
-600
-1,200
-2.6
8. 1
-4.8
5.0
2.7
15.0
3.9
1
4.4
26.4
8. 1
.2
7.9
40.3
6.6
1.9
6.9
14
15
16
17
-29
-418
-685
-76
78
-135
1,996
2,439
1,552
-167
332
-1,988
413
231
-1,304
2,014
-324
-157
-2,407
2,581
2,458
-96
579
-3,017
-49
.1
.1
1. 1
.9
.1
*
-. 1
3.7
-. 1
•4
.2
*
.3
-.3
*
-1.2
-.4
-1.3
•4
•2
.1
. 1
2.2
.7
1. 1
18
19
20
21
22
3,283
3, 037
1,625
9,188
1,636
3,349
929
4,540
1,721
-2,545
1,407
5,849
-2,496
-130
-1,561
12,234
2,898
-943
-1,461
-1,444
-249
1,114
2,470
11,816
.7
1.5
-.2
-.1
.4
1.7
-1. 1
•4
-.3
5.8
1. 1
. 1
1.5
7.3
1. 1
2.6
1.6
3.5
-.2
15.6
23
24
25
26
1
2
3
3,j77
-1.2
-6.0
3. 1
Other Loans
1 Finance co. loans to business
2 Liab.: Noncorporate business
3
Nonfin. corp, business
7,056
357
6,699
3,946
502
3,444
101
-733
834
10,696
2,185
8,511
6,212
1,063
5,149
3,177
2,566
611
3.7
-.1
3.8
8.6
.2
8.4
13.5
*
13.5
11.5
♦
11.5
10. 1
*
10.2
4 O.S. Governnent loans
5 Liab.: Households
6
Farn business
7
Nonfara noncorp. bus.
Nonfin. corp, business
8
9
St.+local governnents
10
Foreign
11
Spons. credit agencies
1,961
-77
-430
1,072
-30
-187
1,613
-
2,595
177
530
378
100
287
1,123
•
4,180
456
733
127
1,001
941
922
7,945
44
267
423
129
6,700
382
4,072
50
-150
500
400
2,800
472
4,466
125
400
200
400
3,052
289
•
6.9
•5
•8
1.5
•2
.2
2.8
.9
7.5
.5
. 1
1.8
•2
2.0
3.3
4
5.8
.5
1.3
1.9
*
.2
3.0
-1. 1
12.8
.8
3.5
4. 1
1.7
-1.6
3.9
•4
12.4 4
1. 1 5
3. 4 6
3.0 7
1.2 8
.2 9
2.9 10
.6 11
12 Sponsored credit agency loans
13 Liab.: Households (SLHA)
14
Farn business (FICB)
15
Noncorp, business (BC)
16
S+l assns. (FHLB)
-519
190
-341
977
-1,345
8,739
856
598
-966
8,251
7,777
523
502
-394
7,146
-27
368
-1,982
-29
1,616
102
361
-468
139
70
4, 109
767
-757
-839
4,938
-2.4
1. 1
•4
-4.0
.3
1.3
1.0
-2.0
6.5
. 1
1.4
•6
4.3
15.0
•4
1.5
.7
12.5
15.2
.6
3.3
2. 1
9.2
178
6
172
-214
9
-223
461
5
456
46
9
37
-144
7
-151
-174
9
-183
1.6
*
1.6
1.4
1.7
1. 4
1.7
2.6
*
2.6
17 Policy loans (HH liability)
16 Asset: U.S. Governnent
Life insurance cos.
19
11/85 BASED ON INCOHPLETE INFOBHATION
♦
♦
12
13
14
15
16
4.7 17
• 18
4.7 19
SEPTEMBBB 23, 1985
Other Loans
Other Loans
43
Open-Market Paper and Other Loans
SEASONALLY ADJUSTED ANNUAL BATES
1980
1981
1982
1983
SBASONALLT ADJUSTED ANNUAL BATES
1984
1
1
1984
I
II
III
17
|
1
1985
I
II
Open-Market Paper
1
2
3
4
20.6
11.2
4.0
2.4
54.0
39.5
14.7
3.9
4.9
-5.4
-6. 1
1.9
20.4
21.7
-.8
6.5
45.4
48.3
21.7
6.2
56.6
61. 4
11.9
10.5
94.8
63.9
34.9
25.4
11.0
25.7
22.2
-15.2
19.3
42.1
17.8
4.1
69.4
56.3
6.6
3.7
2.7 Total net issues, all types
29.8
Connercial paper
Nonfinancial corporations
14.4
4.8
Foreign issues in U.S.
5
6
7
8
4.8
5.6
-.5
-.2
20.9
7.0
13.9
*
-1.1
1.4
-2.4
-. 1
16.0
3.5
12.6
-. 1
20.4
6.3
13.9
•2
39.0
13.5
25.3
•2
3.5
18.1
-14.8
.2
18.7
-11.0
29.5
.2
20.2
4.5
15.4
.2
48. 1
5.4
42.6
#
10.5
-.5
11.0
.1
9
10
11
12
13
9.4
1.7
•8
.8
7.7
14.5
4.5
2.2
2.2
10.0
10.3
1.5
.7
.7
8.8
-1.2
-.7
-.4
-.4
-.5
-2.8
1.9
1.0
1.0
-4.8
-4.8
14.7
7.4
7.4
-19.5
30.9
5.4
2.7
2.7
25.5
-14.6
.4
•2
•2
-15.1
-22.8
-12.8
-6.4
-6.4
-10.0
11. 1
14.9
7.5
7.4
-3.8
-27.0
-4.7
-2.4
-2.4
-22.3
14
15
16
17
20.6
-.8
-2.3
4.4
54.0
-7.3
10.0
.8
4.9
-8.5
7.9
-.5
20.4
-4. 1
10.7
5.4
45.4
-10.4
9.4
.5
56.6
-15.4
•8
10.6
94.8
3.9
19.5
5.7
11.0
7.0
-3.8
-4.1
19.3
-37.2
21. 1
-10.3
69.4
81.9
-14.3
-.3
18
19
20
21
22
♦
.1
1.8
1.5
.2
-.6
.8
1.2
1.3
-.3
1.3
.3
2.7
1.2
.4
-1. 1
-1.4
3.7
1.0
-.1
-.4
.3
2.4
1.7
-. 1
-. 1
-1.5
*
-.5
.2
6.9
10.1
6.3
-.7
-1.6
-1.5
-8. 1
1.9
•9
-.2
-2.5
7.5
-1.3
23
24
25
26
2.2
7.4
1.3
-. 1
38.8
4.2
-1.5
-.6
-1.3
3.4
4.5
1.0
-3.0
4.1
3.7
2.4
31.8
7.0
12. 1
6.5
36.8
7.4
13.4
3.7
18.2
3. 1
-10.2
5.6
23.4
.3
-.1
1.2
12.3
Financial husiness
Conaercial hanking
Finance coapanies
fieits
Bankers acceptances
Nonfinancial husiness
Noncorporate
Corporate
Foreign
1
2
3
4
5
6
7
8
9
10
11
12
13
2.7 Net purchases, by sector
Households
-42. 1
-2.4
Nonfin. corporate husiness
-4.3
Foreign
14
15
16
17
-.6
1.6
-8.9
10.9
9.4
-.4
•4
2.0
-11.8
-.1
Sponsored credit agencies
Monetary authority
Coaaercial hanking
Savings ♦ loan associations
Hutual savings hanks
18
19
20
21
22
-.9
-.5
-6.2
48.9
5.0
-3.8
-5.8
-5.8
-.1
4.5
9.9
47.3
Life insurance coapanies
Private pension funds
Hutual funds
Money aarket funds
23
24
25
26
Other Loans
1
2
3
5.8
.4
5.5
10.0
.8
9.2
1. 1
-.9
2.0
12. 1
3. 1
8.9
21.8
2.3
19.5
26.2
2. 5
23.7
15.1
1.2
13.9
12.0
1.0
11.0
33.9
4.6
29.3
22.1
5.4
16.7
12.3 Finance co. loans to business
9.5 Liab.: Noncorporate husiness
2.9
Nonfin. corp, husiness
4
5
6
7
8
9
10
11
16.1
1.0
2.6
4.2
1.5
.9
4.7
1.2
19.0
1.5
3.4
5.6
1.2
1.2
4.2
1.9
13.6
1.6
.2
4. 6
1.3
1.0
4.5
•4
8.5
.8
*
2.7
-.5
1. 1
4.3
•
16.7
.6
1.1
2.0
1.2
7.7
4.0
•
8. 1
-.3
-1.5
4.3
-. 1
-.7
6.5
7.6
.7
-.7
1.5
.4
1.1
4.5
•
16.7
1.8
2.9
.5
4.0
3.8
3.7
•
34.3
•2
3.6
1.7
.5
26.8
1.5
-
16.7
•2
-.2
2.0
1.6
11.2
1.9
-
4
15.2 U.s. Governnent loans
5
.5 Liah.i households
6
-1.0
Fare husiness
7
Nonfara noncorp. hus.
•8
1.6
Nonfin. corp, husiness 8
12.2
St.+local governaents
9
Foreign
10
1.2
Spons. credit agencies 11
•
12
13
14
15
16
11.6
1.1
1.9
1.5
7.1
19.9
2.2
1.8
-.3
16.2
.8
1.6
-. 8
-. 8
.8
-6. 1
1.5
-1.3
.9
-7.0
16.0
1.9
-1.2
-.4
15.7
8.7
•8
-. 4
1.2
7.2
24.5
3.4
-3.0
-.5
24.5
26. 2
2. 1
.2
-.6
24.5
4.5
1.5
-1.7
-1.7
6.4
11.6
1.4
-.6
-2.4
13.3
4.8 Sponsored credit agency loans
3. 1 Liah.: Households (SLMA)
-8.5
Fara husiness (FICB)
Noncorp. business (BC)
.2
S*1 assns. (FBLB)
10.0
17
18
19
6.7
.1
7.4
.1
7.3
4.2
♦
4.3
1. 1
*
1. 1
.5
♦
•4
.7
*
.7
-.9
*
-.9
1.8
*
1.8
.2
♦
•1
-.6
♦
-.6
6.6
BILLIONS OF DOLLARS.
11/85 BASED ON INCOHPLETE INFORMATION.
-.7 Policy loans (HH liability)
♦ Asset: O.S. Governaent
-.7
Life insurance cos.
1
2
3
12
13
14
15
16
17
18
19
SEPTEBBEB 23, 1985
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
UNADJUSTED NET FLOHS(S BILL)
UNADJUSTED BET FLOHS($ BILL)
1984
I
II
III
IV
|
1
1985
I
II
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Security Credit
-874
128
-
-2,497
-1,219
-
-832
-1,527
-
6,316
-466
-
-2,735
942
-
9,439
3,014
-1,002
-1,118
51
65
-1,258
-613
-406
-239
695
781
225
-311
6,782
5,690
1,246
-154
-3,677
-2,911
-728
-38
-874
65
-931
-2,497
-239
-1,151
-832
-311
788
6,316
-154
7,088
-8
-
-1,107
-
-1,309
-
1 Net change in liabilities
Households
2
Fara business
3
4
Nonfara noncorp, business
(Payables less receivables)
6,476
411
348
647
9,654
398
418
917
Nonfin. corporate business
State and local governaents
Foreign
U.S. Governaent
3,498
238
-267
1,601
7,295
238
-416
804
26,472
23,467
777
1,319
909
-19,996
1 Net change in liabilities
2
Households
3
Foreign
4
5
6
7
Brokers and dealers
Froa coaaercial banks
Froa foreign banking off.
Custoaer credit balances
8 Net change in assets
9
Households
10
Coaaercial banking
11
12
Brokers aad dealers
Foreign
2.2
1.3
-
1.2
1.2
-
2. 1
1.0
-
1
2
3
7.9
6.0
•4
1.5
.9
1.4
.5
-1.0
*
-2.5
•1
2.5
1. 1
-.7
♦
1.8
4
5
6
7
3.7
.6
2. 1
12.7
1.5
6.6
2.2
-1.0
2.2
1.2
2.5
-2.9
2. 1 8
1.8 9
-.9 10
1.0
. 1
4.6
-
1.0
-
1.6
-
1.1 11
12
-
4,901
517
234
1,051
12.4
1. I
.5
1. 1
19.3
1.2
.8
2.2
28.1
1.2
•9
1.2
59.0
1.5
1.6
3. 1
60.9
1.7
1.2
• 1
1
2
3
4
-9,704
264
-305
1,167
1,965
266
-200
1,068
6.3
1.3
.7
1.4
10.3
.5
.3
4.1
22. 1
.7
.5
1.6
49.1
1.7
-.3
2.3
53.8
1.6
1.5
1.0
5
6
7
8
13,468
11,315
-808
2,077
884
1,659
1,864
-110
-881
786
9.J
5.8
1.6
1.2
•6
23.8
18. 7
3.4
.5
1.2
36.4
36. 1
1.7
-.8
1.3
63.2
56.0
3.0
2.7
1.5
74.0
69.4
.2
2.4
1.9
9
10
11
12
13
19,805 -20,373
3,242
3.0
-4.4
-10.2
-4.2
3.7
.7
.1
12.7
6,425
6,786
-389
28
2.9
2.3
-. 1
•6
-2,735
-38
-3,697
9,439
28
6,611
-618
-
1,000
-
2,800
-
10,512
530
231
751
6,009
442
336
999
-6,905
547
209
917
8,311
255
-59
493
5,604
251
202
175
18,168
13,691
1,011
2,285
1,181
15,944 -11,796
14,440 -12,927
-104
-945
216
1,262
1,187
1,019
-8,514
-5,432
4.8
•
Trade Credit
5
6
7
8
9 Net change in assets
10
Nonfin. corporate business
11
Foreign
U.S. Governaent
12
Other insurance coapanies
13
14 Discrepancy
-13.0 14
Profit Taxes Payable
1 Net change in taxes payable
2
Nonfin. corporate business
Connercial banks
3
4
Savings ♦ loan associations
5
Life insurance coapanies
6
other insurance coapanies
7
Finance coapanies
8
Brokers and dealers
9 Net change in taxes receivable
State and local governaents
10
0.S. Governaent
11
12 Discrepancy
1,589
1,644
4
-25
-66
-17
1
48
-1,458
-1,397
15
-20
-60
-13
6
11
-7,660
-7,581
18
-17
-62
-13
7
-12
-2.7
-2.4
— .3
•1
-. 1
*
-
21
-202
-157
4
-16
-45
-11
3
20
8.0
7.5
•2
. 1
. 1
. 1
-.6
-1.5
.2
.2
.4
.1
. 1
-. 1
5.2
4.3
.1
•2
.3
.1
. 1
♦
2.8
2.5
.5
-.2
*
♦
1
. 1
2,498
-1,171
3,669
-5,386
-582
-4,804
902
3,123
-2,221
2,423
2,983
-560
-3,526
-2,057
-1,469
-e,071
-1,402
-6,669
-1.7
•b
-2.3
7.8
2.2
5.6
•4
1.8
-1.4
3.7
•8
2.8
1.0 9
1.5 10
-.5 11
2,021
5
-1,104
-834
2,068
411
-1.0
•2
-1.0
1.5
1. 8 12
-24.9
-7.8
-17.2
-25.0
-5.8
-19.2
-25. 1
-8.3
-16.9
4,519
4,540
-12
-25
-7
2
21
-5,381
-5,342
-3
-14
-36
-9
2
1
2
3
4
5
6
7
8
Proprietors4 Equity in Noncorporate Business
1 Total household investaent
Fara business
2
Nonfara noncorp, business
3
-10,136 -22,227 -12,8b3 -11,812 -10,607 -12,850
1,097 -5,202 -2,327
3,680
1,960 -1,132
-11,233 -17,025 -10,536 -15,492 -12,567 -11,718
11/85 BASED ON INCOBPLETE INFOBHATION
-10.3
—.8
-14.4
-26. 1
-9.6
-16.5
1
2
3
SEPTEHBEB 23, 1985
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, aad Taxes
45
Security credit. Trade Credit, aad Taxes Payable
SBASOHALLI ADJUSTED AHHUAL BATES
SEASOHALLT ADJUSTED AHHUAL SATES
J
1980
1981
1982
1983
1984
1
I
1984
11
1
Ill
If
|
1985
I
II
Security Credit
12,5
6.5
-
•8
-1.7
7.4
3.8
-
12.2
8.4
-
2.1
-3.1
•
10.8
.5
-
-13.4
-5.0
-.4
-6.1
-
11.5
-1.9
-
3.6
3.8
•
4
5
6
7
6.0
1.2
-.4
5.2
2.5
4.0
•6
-2.1
3.6
.4
-.5
3.7
3.8
.9
.5
2.4
5.2
4.7
1.1
-.6
10.3
8.6
1.4
.3
-8.5
-6.3
-1.3
-1.0
5.7
6.2
•8
-1.2
13.4
10.4
3.6
-.6
-. 1
1.7
-1.6
-.2
8
9
10
12.5
5.2
•8
.8
-2.1
5.3
7.4
3.7
a
12.2
2.4
2.4
2.1
—.6
5.8
10.8
.3
10.5
-13.4
-1.0
-8.1
-.4
-1.2
6.1
11.5
-.6
14.6
3.6
-.2
-.2
34.8 Het change in assets
Households
• 1
Coaaercial banking
23.5
11
12
6.5
-2.4
3.7
-
7.4
-
-3.0
-
a
-4.4
-
-5.2
-
-2.5
-
4.0
-
11.2
-
1
2
3
4
47.2
2.3
1.0
-.9
35.6
2.7
1.1
-1.1
-5. 1
2.4
-.6
-2.4
43.0
1.8
.8
.7
34.7
1.8
1.3
3.3
72.1
1.6
1.4
2.6
42.5
1.6
1.7
3.7
27.8
2.1
.9
3.0
-3.8
1.8
1.3
4.0
21.6
2.2
.8
3.7
5
6
7
8
39.b
2.0
1.7
1.4
30.9
1. 1
.2
.7
-4.6
.9
-2.7
1.8
35.6
.8
•2
3.0
24.7
1.0
-.5
3. 1
61.3
1.0
-1. 1
5.4
32.3
1.0
-1.7
4.0
19.4
1.0
-.2
1.6
-14.1
1.0
.8
1.4
11.6
1.1
-1.2
3.5
9
10
11
12
13
56.7
47.4
3.6
3.8
2.0
27.8
22.5
a
2.5
2.6
-6.3
-13.4
• 1
4.8
2. 1
59.2
54.6
-1.1
3.8
2.0
48.8
38.7
.7
5.1
4.3
82.4
70.3
3.1
5.3
3.6
71.4
53.5
4.0
9.1
4.7
34. 1
28.1
-3.8
5.0
4.7
7.3
2.8
-.4
.9
4.1
31.7
23.1
-3.2
8.3
3.5
14
-9.5
7.8
1.2
-16.2
-14.1
-10. 2
-28.9
-6.3
-11.1
-10. 1
-
34.8 Het change in liabilities
Households
12. 1
foreign
-
22.7
23.6
-1.0
.1
Brokers and dealers
froa coanercial banks
froa foreign banking off<
Custoaer credit balances
Brokers and dealers
foreign
1
2
3
*4
1
2
3
8
9
10
11
12
Trade Credit
———
-8.4
-6.8
-.4
-.3
-.5
-.2
-.2
a
-14. 1
-14. 1
-. 1
a
a
a
a
1.1
-4.8
-9.0
1.0
-10.0
.6
.7
1
2
3
4
5
6
7
8
-3.1
-1.7
-.5
— .3
9
10
11
-3.8
12
-.4
-.2
-.2
.2
Profit Taxes Payaole
.5
.7
a
-. 1
-.2
a
a
. 1
10.7
10.8
a
-. 1
•2
5.8
5.8
-. 1
a
-. 1
a
a
•2
-14.0
-1.4
-12.6
5.7
1.9
3.7
.4
4.4
-3.9
10.8
5.3
5.5
a
a
17.7 Het change in liahilities
2.1
Households
fara tusiness
.9
4.2
nonfara noacorp, business
(Payables less receivahles)
5.2
1.1
—.8
5.0
Honfin, corporate business
State and local governaents
foreiga
O.S, Governaent
1.0 Het change ia assets
lonfin, corporate business
1.6
-.4
foreign
U.S, Governaent
-3.5
3.1
Other insurance coapanies
16.7 Discrepancy
1
2
3
4
5
6
7
8
9
10
11
12
13
14
——
11.4
11.5
a
-.1
-.2
a
a
.2
-14.5
-14.3
a
-.1
-.2
a
a
.1
-5.5
-5.2
a
-.1
-.2
-. 1
a
.1
-12.5
-12.2
a
-• 1
-.3
-. 1
a
•1
.4 Het change ia taxes payable
Honfin, corporate business
.7
Coaaercial banks
.1
Savings ♦ loan associations
-. 1
Life insurance coapanies
-.3
Other insurance coapanies
-.1
a
finance coapanies
a
Brokers and dealers
12.4
5.2
7.2
-15.4
3.2
-18.6
-6.1
3.8
-9.9
-12.6
2.1
-14.7
-.4 Het change in taxes receivable
1.1
,9
.6
1.6
-2.3
State and local governaents
U.S, Governaent
9 Discrepancy
1
2
3
4
5
6
7
8
9
10
11
12
Proprietors* Eguity in noncorporate Business
1
2
3
-41.6
-16.3
-25.3
-25. 1
-8.1
-17. 1
BILLIOHS OF DOLLABS.
-30.4
-12.8
-17.6
-66.4
-21. 1
-45.3
-57.0
-2.8
-54.3
-50.3
1.8
-52. 1
11/85 BASED OH IHCOHPLETE IHFOfiHATIOH.
-70.3
-5.7
-64.7
-58.0
-6.6
-51.4
-49.5
-.5
-49. 1
-50.7
4.7
-55.4
-34.9 Total household investaent
11.2
fara business
-46. 1
Honiara noacorp. business
1
2
3
SEPTEHBEB 23, 1985
Hiscellaneous I
Hiscellaaeous I
46
Hiscellaneous Financial Claias
UNADJUSTED NET FLOWS(3 HILL)
UNADJUSTED BET FLONS« HILL)
1984
1
1 Net change in liabilities
2
Households
3
Nonfin* corporate business
11
111
IV
|
1
1975
BILLIONS OF DOLLABS
1976
1978
1977
1979
1985
1
II
26,300
-150
3,305
44,421
-349
9,289
17,106
-345
5,228
29,139
-147
4,692
17,423
35
2,713
25,777
186
2,216
37.4
.7
2.6
51.7
.6
4.3
45. 1
.9
3.7
71.8
1. 1
7.9
91.6
1.3
11.9
2
3,318
7,409
2,806
1,192
376
999
5,306
-4,724
3,082
6,586
6,812
2,250
15.6
-.7
16.3
•9
8.4
-.9
20. 1
-.3
27.6
-1.3
4
5
1
3
4
5
Foreign
O.S* Governnent
6
7
8
9
Total finance
Sponsored credit agencies
Honetary authorities
Coaaercial banking
12,418
-264
14
2,286
31,483
2,854
—224
7,771
10,848
2,152
-264
3,254
24,012
5,497
14
5,247
5,007
-1,360
-257
-969
14,313
4,759
-803
498
19.3
1.7
-.4
2* 1
29.5
2.0
.1
3.4
33.0
1.4
V
6.7
43.0
4.6
.4
12.9
52. 1
5.7
.9
13.2
6
7
8
9
10
11
12
13
14
15
Savings ♦ loan assns*
Hutual savings banks
Lite insurance coapanies
Other insurance coapanies
Finance coapanies
Beits
1,261
302
3,361
3,239
2,185
34
3,146
2,729
4,055
3,493
7,615
44
1,472
134
4,031
3,357
—3,332
44
917
-808
3,380
3,295
6,424
46
1,580
1,882
2,769
3,345
-1,981
-2
5,481
180
2,661
3,630
-2,093
-
.7
1
3.3
6.2
4.6
1.3
1. 1
.1
3.9
10.3
8.4
.2
1.2
.4
4.6
12.6
6.6
-.5
-.3
1.4
4.8
14. 1
5.3
-. 1
1. 1
1.2
5.3
14.7
10. 1
-.2
10
11
12
13
14
15
27,060
1,679
409
699
10,884
45,114
1,572
448
775
866
16,658
1,445
469
773
1,788
30,902
1,711
406
702
11,257
20,545
2,067
374
618
5,775
19,592
2,592
233
517
5,346
31.9
3.8
•9
1*3
14.9
46.9
5.5
1.5
2. 1
18.3
36.9
6.9
1.7
2.6
21.5
65.6
6.6
2.0
3.0
18.5
76.8
7.2
1.9
3.0
34. 6
16
17
18
19
20
6,358
534
15,788
212
6,181
486
-219
242
11,080
411
-6,889
306
1.7
.7
8.8
1.0
-4.3
.7
12.4
.8
6,497
838
24
-1,018
25,453
410
751
14, 083
5,516
926
2,833
-8,078
16,803
632
64
601
220
424
-245
-3,521
17,487
-773
-225
6,460
8.7
1.0
9.8
-.5
-.2
6.1
7.7
1.0
-.6
3.5
22.4
•4
.5
11.8
22.5
•4
.2
10. 1
23
24
25
26
4,326
632
1,252
40
403
9,739
-883
1,067
209
77
8,503
-123
1,123
196
136
12,779
435
1,340
36
916
543
1,181
1,564
28
246
10,717
-220
1,744
52
-268
2.1
.6
1.7
1.2
♦
2.9
•4
1.5
-.3
*
1.8
•3
2.5
-.8
-.1
5. 1
•8
2.4
•8
.5
6.5
.5
3.5
•9
•4
27
28
29
30
31
32
-760
-693
448
-1,763
-3,122
6,185
5.5
4.8
8.2
6.2
14.8 33
Direct foreign investaent by U.S. corps*
34 Liab.: Foreign
5,279
614
35
Eguity ♦ intercoapany accts. -1,011 -1,727
36
2,341
fietained earnings
6,290
-1,241
-2,652
1,411
3,103
2,179
924
798
-743
1,541
-1,500
-3,000
1,500
14.0
11.6
3.9
7.7
11.5
5. 1
6.4
15.7
4.4
11.3
26.6 34
7.6 35
19.0 36
9,289
8,295
994
5,228
4,042
1,186
4,692
3,804
888
2,713
1,883
830
2,216
1,316
900
2.6
1.2
4.3
2.7
1.7
3.7
2. 1
1.6
7.9
5.3
2.6
11.9 37
7.9 38
4.0 39
212
357
243
339
296
.7
1. 1
.7
•6
.8 40
129
-1
72
10
♦
-. 1
♦
.1
* 41
16 Net change in assets
17
Households
18
Farn business
19
Nonfara noncorp* business
20
Nonfin* corporate business
21
22
Foreign
U«S. Governaent
23
24
25
26
Total finance
Sponsored credit agencies
Honetary authority
Ccaaercial banking
27
28
29
30
31
32
Savings and loan assas.
Hutual savings banks
Life insurance coapaaies
Private pension funds
Beits
Honey aarket funds
33 Unallocated, net
♦
2.0
6.7 21
• 8 22
(A) Foreign clains
Direct foreign investaent in U.S.
37 Liab.: Nonfinan. corp. bus.
3,305
38
Eguity * intercoapany accts.
2,652
39
fietained earnings
653
U.S. Govt. eg. in IBBD, etc.
40 Liab.: Foreign
Nonofficial foreign currency
41 Asset: U.S. Governaent
Liab*; Foreign
283
251
o. 0
8.0
1.4
(B) Clains on Federally related agencies
Postal Savings Deposits
42 Asset: Households
Liab.: U.S. Governaent
42
Deposits at Federal Hoae Loan Banks
43 Liab.; Sponsored credit ags.
-940
Asset: S+1 associations
44 Federal fieserve Eank stock
Asset: Coaaercial banks
45 Eguity in sponsored credit ag.
46 U.S. Governaent
Private:
47
Fara business (FICB * FLB)
48
Nonfarn noncorporate (BC)
49
Nonfin. corp. bus. (FNHA)
50
S+1 associations (FHLB)
11/85 BASED ON INCOHPLETE INFOBHATION
1,450
2,591
3,910
-3,448
4,935
.3
1.2
34
42
56
29
61
34
♦
. 1
227
—
217
-
159
—
285
—
364
-
320
•4
.5
-
8
-1
1
219
11
-1
207
34
9
16
260
11
9
344
-101
-27
108
340
.2
*
*
. 1
.2
• 1
6
119
-
-
«
•2
.3
2. 1
3.0 43
*
. 1 44
.8
-
1.3
—
1.6 45
46
.2
*
.1
•4
.3
• 1
♦
.8
.4
• 1
. 1
1.0
47
48
49
50
SEPTEHBEB 23, 1985
Hiscellaneous 1
Hiscellaneous I
47
Hiscellaneous Financial Clains
SEASONALLY ADJUSTED ANNOAL BATES
SEASONALLY ADJUSTED ANNOAL BATES
1980
1981
1982
1983
1984
1
2
3
66.7
1.2
16.9
101.7
1.8
25.2
78.0
.8
13.8
78.3
•6
11.9
4
5
14.7
-1.9
19.1
1.0
8. 1
•2
6
7
8
9
35.8
3.6
-1.1
7.4
54.6
4.7
.3
17.4
10
11
12
13
14
15
.9
•8
3.8
12.4
7.9
.1
2.6
16
17
18
19
20
1
1
1984
1
|1
IN
1985
I
II
117.0
-1.0
22.5
81.3
-.6
13.2
155.8
-1.4
37.2
81.6
-1.4
20.9
149.1
-.6
18.8
46.0
.1
10.9
76.3 Bet change in liabilities
.7
Bouseholds
Nonfin. corporate busiaess
8.9
9.4
2.0
11.8
4.9
-6.6
29.6
6.9
4.8
15.5
4.0
31.5
-18.9
-8.5
26.3
21.9
9.0
Foreign
O.S. Governaent
4
5
55.2
5.9
-.1
12.4
54.3
—.2
-.5
9.9
78.8
10.2
-.5
18.6
45.6
2.0
*
-.8
108.4
11.8
-.5
21.1
42.6
7.0
-1.4
15.2
118.3
20.2
a
38.7
17.2
-2.2
-1.0
-14. 1
37.8
19.3
-2.6
-8.2
lotal finance
Sponsored credit agencies
Honetary authorities
Coaaercial banking
6
7
8
9
2.6
8.2
10.8
7.9
.1
13.1
-.3
7.0
10.6
6.5
*
10.4
2.4
9.2
12.0
11. 1
♦
6.8
2.4
14.8
13.4
12.9
.2
7.8
1.4
13.5
13.0
8.7
. 1
5.5
9.7
16.2
14.0
30.5
•2
6.8
-1.4
16. 1
13.4
-13.3
.2
7.0
-.1
13.5
13.2
25.7
•2
10.0
7.9
11. 1
13.4
-7.9
*
14.1
-1.6
10.7
14.5
-8.4
-
Savings * loan assns.
Hutual savings banks
Life insurance coapanies
Other insurance coapanies
Finance coapanies
Beits
10
11
12
13
14
15
83.3
5.6
1.9
2.6
35.8
102.2
6. 1
1.7
2. 1
20.8
77.4
6.8
1.7
2. 1
9.7
59.8
8.0
1.5
2.3
8.2
119.7
6.4
1.7
2.9
24.8
97.8
6.7
1.6
2.8
35.7
162.6
6.3
1.8
3.1
5.1
72.0
5.8
1.9
3. 1
11.8
146.6
6.8
1.6
2.8
46.6
71.9
8.3
1.5
2.5
15.2
58.5 Net change in assets
10.4
Households
Fara business
•9
2. 1
Nonfara noncorp, business
22.9
Nonfin. corporate business
21
22
18.3
.5
21.4
•9
4.6
1.6
11.8
.7
28.1
1.5
16.4
2. 1
55.1
.8
24.5
1.9
16.5
1.0
34.2
1.6
-37. 1
1.2
23
24
25
26
18.6
1.3
.5
7.3
4 9.1
.7
.5
28.0
50.9
1.1
*
12.6
27.3
.7
1.0
11.3
54.3
2.8
3.7
5.6
32.4
3. 1
.1
-4.4
90.4
2.6
3.0
44.5
23.0
3.4
11.3
-31.0
71.2
2. 1
•3
13.3
8.6
1.3
-1.0
-14.0
27
28
29
30
31
32
4.1
1.0
3.6
.5
•4
8.5
1.2
7.3
1.0
1.9
27.3
2.6
8.1
.3
-1. 1
6.8
1.8
6.1
-.4
35.3
.1
4.8
.5
1.5
24.3
2.4
5.0
•2
1.6
38.0
-3.1
4.3
•8
•3
34.2
-.6
4.5
.8
.5
44.9
1.5
5.4
•1
3.7
10.3
4.6
6.3
.1
1.0
33
— 1 6.6
-.5
.6
18.4
-2.8
-16.5
-6.8
9.7
2.6
-25.9
III
•
I
11
1
2
3
16
17
18
19
20
Foreign
U.S. Governaent
21
22
58.1
-2. 1
-.9
13.9
Total finance
Sponsored credit agencies
Honetary authority
Coaaercial banking
23
24
25
26
41.3
-.1
7.0
•2
-1. 1
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
Beits
Honey aarket funds
27
28
29
30
31
32
19.9 Unallocated, net
33
(A) Foreign clains
34
35
36
21.9
4.9
17.0
13.0
-.5
13.5
4.7
-2.0
6.7
9.3
-.3
9.6
7.8
-3.2
11.0
17.0
-8.2
25.2
1.8
-7.6
9.4
-2. 5
-8. 1
5.6
14.8
11. 1
3.7
Direct foreign investnent by U.S. corps.
-1.3
-6.5 Liab.: Foreign
34
-7.4
-12.5
Eguity ♦ intercoapany accts. 35
6.0
6.2
36
Betained earnings
37
38
39
16.9
11.7
5.2
25.2
22.3
2.9
13.8
16.2
-2.4
11.9
11.9
.1
22.5
18.8
3.7
13.2
10.6
2.6
37.2
33.2
4.0
20.9
16.2
4.7
18.8
15.2
3.6
10.9
7.5
3.3
40
.7
1.1
1.3
.7
1. 1
1. 1
.8
1.4
1.0
1.4
U.S. Govt. eg. in IBBD, etc.
1.2 Liab.: Foreign
.3
Nonofficial foreign currency
* Asset: U.S. Governaent
Liab.: Foreign
41
-.2
-.2
•4
.1
•4
1.0
-
.5
*
Direct foreign investaent in U.S.
8.9 Liab.: Nonfinan. corp. bus.
37
5.3
Eguity ♦ interconpany accts. 38
3.6
Betained earnings
39
40
41
(B) Claias on Federally related agencies
42
-
43
Postal Savings Deposits
Asset: Bouseholds
Liab.: U.S. Governnent
-
-
-
-
-
-
•8
1.6
2.8
-2.9
7.0
-1. 4
6.9
8.4
14.1
-11.1
44
.1
.1
.1
.1
.2
. 1
.2
•2
.1
•2
45
46
.7
-
1.4
.9
-
.2
.9
-
1.0
.6
-
1.0
.9
—
1.6
47
48
49
50
.6
.1
*
*
•6
.1
.7
•4
♦
• 1
.1
*
♦
♦
♦
.8
1.0
*
*
.6
. 1
♦
—
•8
*
.1
—
.8
♦
*
—
1.5
BILLIONS OF DOLLARS.
. 1
♦
♦
•4
.1
*
11/85 BASED ON INCOHPLETE INFOBHATION,
Deposits at Federal Hone Lean Banks
21.0 Liab.: Sponsored credit ags.
Asset: S+l associations
.1 Federal Beserve Bank stock
Asset: Connercial banks
1.0 Eguity in sponsored credit ag.
— U.S. Governnent
Private:
-.4
fare business (FICB * FLB)
Nonfarn noncorporate (BC)
-. 1
.4
Nonfin. corp. bus. (FNHA)
1. 1
S+l associations (FHLB)
42
43
44
45
46
47
48
49
SO
SEPTEHBES 23, 1985
Hiscellaneous 12
Biscellaneoas II
Biscellaneoas Financial Clains (Continued)
UNADJUSTED 1ST ELONS(3 BILL)
UNADJUSTED BET FLOWS(3 BILL)
1984
III
I
II
Deferred and unpaid preniuns
1 Liab.: Households
Asset: Life insurance
150
-349
-345
Life conpany reserves
2 Liab.: Life insurance cos.
3
Accident and health
4
Policy dividend accun.
Asset s Households
714
410
304
660
387
273
3,239
965
401
700
1,173
811
|
|
1985
BILLIOBS OF DOLLABS
197b
1977
1978
I
II
-147
35
186
7
.6
.9
1.1
1.3
1
645
382
263
703
417
286
754
446
308
797
471
326
1.7
.7
1.0
1.9
.7
1.2
2.7
1.4
1.4
2.7
1.3
1.4
2.4
.8
1.6
2
3
4
3,493
912
437
776
1,368
3,357
800
435
767
1,355
3,295
1,008
397
686
1,204
3,345
1,313
363
609
1,060
3,630
1,795
334
544
957
6.2
2. 1
.7
1.2
2.2
10.3
3.6
1.3
2. 1
3.4
12.6
4.2
1.5
2.5
4.4
14. 1
3.9
1.7
2.9
5.6
14.7
4.8
1.5
2.9
5.5
5
6
7
8
9
4,954
-3,832
4,725
-2,442
-2,173
3.4
6.4
5
2.7
IV
1975
1979
(C) Life insarance clains
(D) Nonlife insurance clains
5 Liab.:
6 Asset:
7
8
9
10
Other insurance cos.
Households
Farn business
Nonfarn noncorp. bus.
Nonfin. corp, business
(E) Intercorporate claias
Corporate parent investnent in
finance conpanies
Asset: Donestic bank affiliates
5.5 10
(F) Unallocated assets * liabilities
-760
-693
448
-1,763
-3,122
6,185
5.5
4.6
8.2
6.2
12
13
14
15
16
17
Net change in liabilities
Foreign
O.S. Governnent
U.S. Govt.-without levels
Sponsored credit agencies
Bonetary authority
13,247
-2,495
7,409
449
-20
23,839
1,980
•
1,192
1,187
-266
10,002
1,131
—
999
-598
-320
8,302
1,961
-4,724
1,302
-15
14,832
1,873
—
6,586
1,724
-318
17,026
8,006
2,250
-496
-837
7.5
.9
13.8
3.7
-.5
1.4
.3
-.5
♦
12.3
-3.8
-.7
-.3
.4
*
23.6
3.6
—
-.3
1.3
.4
23.7
•2
-1.3
1. 1
•8
12
13
14
15
16
17
18
19
20
21
22
Connercial banking
Connercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
2,286
2,008
75
-750
953
7,771
2,596
1,251
2,950
974
3,254
2,248
-2,037
2,046
997
5,247
2,698
1,377
153
1,019
-969
-1,221
-1,999
1,210
1,041
498
-3,058
-1,348
3,841
1,063
2. 1
.1
•2
.7
1. 1
3.4
1.7
.9
.3
•4
6.7
5.4
-.3
.7
•8
12.9
12.4
-2.4
2.3
.6
13.2
9. 1
.3
2.7
1. 1
18
19
20
21
22
23
24
25
26
27
Savings and loan assns.
Butual savings banks
Life insurance conpanies
Finance conpanies
Beits
1,261
302
2,647
1,374
34
3, 146
2,729
3,395
2,661
44
1,472
134
3,386
500
44
917
-808
2,677
1,699
46
1,580
1,882
2,015
461
-2
5,481
180
1,864
80
-
.7
-. 1
1.6
1.2
1.3
1. 1
. 1
2.0
2. 1
•2
1.2
•4
1.8
7. 1
-.5
-.3
1.4
2. 1
2.6
-. 1
1. 1
1.2
2.9
4.6
-.2
23
24
25
26
27
28
29
30
31
32
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Bonetary authority
14,007
4,431
3,053
838
24
24,532
-1,116
6,499
410
751
9,554
1,674
953
926
2,833
10,065
6,950
-4,911
632
64
17,954
3,917
8,367
424
-245
10,841
5,781
-9,105
-773
-225
2.0
-.9
1.0
9.0
3.2
4.4
-.5
—.2
4. 1
5.5
-8. 1
1.0
-.6
17.4
-2.8
4.5
.4
.5
8.8
2.5
-5.2
.4
.2
28
29
30
31
33
34
35
Connercial banks
foreign banking offices
Banks m U.S. possessions
-1,477
-606
220
2,362
6,531
194
-1,978
-2,414
90
-2,392
-1,844
83
-2,267
1,114
13
7,452
1,172
-25
-2.5
.6
•6
-.7
.4
-. 1
3.7
.3
*
6.9
2.0
.1
2.0 33
2. 1 34
• 4 35
36
37
38
39
Savings and loan assns.
Butual savings banks
Life insurance conpanies
Private pension funds
5,047
632
1,402
8,082
-883
1,416
-
5,793
-123
1,468
-
8,609
435
1,487
-
3,647
1,181
1,529
-
5,442
-220
1,558
-
1.6
.6
1.0
-
1.5
.4
.8
-
1.2
.3
1.6
-
2.3
.8
1.3
-
2.4
.5
2.2
-
40
41
Beits
Honey aarket funds
40
403
209
77
196
36
916
28
246
52
-268
1.2
136
-.3
*
—.8
-. 1
.8
.5
11 Net total (liab. less assets)
11/85 BASED ON INCOBPLETE INFOEflA1I0N
—.6
-. 1
1. 1
-1.4
14.8 11
32
36
37
38
39
.9 40
• 4 41
SEPTEMBEB 23/ 1365
Miscellaneous II
Miscellaneous II
Miscellaneous Financial Clains (Continued)
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
19 84
1960
1961
1982
1983
II
1984
1985
III
IV
1
II
I
(C) Lite insurance clains
Deferred and unpaid preniuns
.7 Liab.; Households
Asset; Life insurance
1
1
1.2
1. 6
.8
.6
-1.0
6
-1.4
-1.4
-.6
.1
2
3
4
1.7
.6
1.1
2. 1
.9
1.2
2.3
1.3
1. 0
3.2
1.8
1.4
2.7
1.6
1. 1
2.9
1. 6
1.2
2.6
1.5
1. 1
2.6
1.5
1. 1
2.8
1.7
1. 1
3.0
1.8
1.2
5
6
7
8
9
12.4
3.9
1.3
2.5
4.7
10.8
4.0
1. 1
2.1
3.7
10.6
4.5
1.3
2.0
2.7
12.0
4.9
1.4
2.3
3.4
13.4
3.7
1.7
2.9
5. 1
13.0
3.9
1. 6
2.8
4. 7
14.0
3.6
1.7
3. 1
5.5
13.4
3.2
1.7
3. 1
5.4
13.2
4.0
1.6
2.7
4.8
13.4
5.3
1.5
2.4
4.2
IO
4.4
7.9
6. 1
6. 8
6.7
3. 2
19.8
-15.3
18.9
-9.8
11
-16.6
-.5
.6
18.4
-2.6
-16.5
-6.8
9.7
2.6
-25.9
(liab. less assets)
11
12
13
14
15
16
17
6. 1
-7.6
-1.9
2. 1
-1.1
3 6.6
5.2
—
1.0
1.4
.2
34.4
1. 7
.2
2.2
-. 2
36.2
-.7
—
2.0
2.4
-. 6
55.4
2.6
—
4. 9
2.3
-.6
30.8
-25. 7
—
29.6
2.3
-. 1
73.3
4.2
—
4.8
4.2
-.6
52.4
16.0
4.0
—2.3
-1.6
65. 1
15.7
—
-18.9
5.2
-.1
37.3
-8.9
—
26.3
7.4
-1.3
42.9
27.2
9.U
-2. 6
-2.8
Net change in liabilities
Foreign
U.S. Governnent
U.S. Govt.-without levels
Sponsored credit agencies
Monetary authority
12
13
14
15
16
17
18
19
20
21
22
7.4
.8
.1
4.9
1.6
17.4
6.7
1. 1
6.8
2.7
12.4
3. 1
2. 1
3.9
3. 2
9.9
.9
3.4
2.0
3.6
16. 6
9.6
.7
4.4
3.9
-.8
-3. 9
.3
-1. 1
3.8
21.1
-2.6
5.0
14.7
3.9
15.2
13.9
-8. 1
5.5
4.0
38.7
30.8
5.5
-1.6
4.1
-14.1
-17.6
-8.0
7.3
4.2
-8.2
-25.4
-5.4
18.3
4.3
Connerciai banking
Connercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
18
19
20
21
22
23
24
25
26
27
.9
.6
2.1
3.5
.1
2. 6
2.6
6.0
V
. 1
13. 1
-. 3
4.6
.5
♦
10.4
2.4
6. 1
4. 4
♦
6.8
2.4
12. 1
6.2
.2
7.8
1. 4
10. 6
5.5
. 1
5.5
9.7
13.6
10.6
.2
6.8
-1.4
13.5
2.0
.2
7.C
-. 1
10.7
6.8
.2
10.0
7.9
8. 1
1.8
♦
14. 1
-1.6
7.5
.3
Savings and Ioan assns.
Mutual savings banks
Life insurance conpanies
Finance conpanies
Beits
23
24
25
26
27
28
29
30
31
32
22.6
9.2
1.4
1.3
.3
37. 1
4. 1
-3.8
.7
.5
33.6
2.2
-9. 1
1. 1
*
17.8
-4. 6
-.2
.7
1.0
58.2
11.9
5.6
2.8
3.7
47.2
14. 0
3. 2
3. 1
. 1
80. 1
-2.2
17.9
2.6
3.0
42.7
8.9
3. 5
3.4
11.3
62.6
27.0
-2.3
2.1
.3
63.2
12.2
23.4
1.3
-1.0
23.0
25. 1
-46.0
-2. 1
-.9
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Monetary authority
28
29
30
31
32
33
34
35
.9
1.5
.5
9.3
7.9
2.9
3. 1
2. 4
.9
.6
2.9
.9
-3.5
1.7
.6
—6. 2
-2. 4
.9
-2.4
26. 1
.8
-6.6
-9.7
.4
1.3
-7.4
.3
-9.0
4.5
.1
17.9
4.7
-.1
Connercial banks
Foreign banking offices
Banks in U.S. possessions
33
34
35
36
37
38
39
3.2
1.0
2.4
6.0
1.2
5.5
24. 0
6
7.4
9.6
1.8
5.5
-
27.5
.1
5.8
24. 7
2. 4
5. 6
-
30.5
-3. 1
5.7
24.9
-.6
5.9
30.0
1.5
5.9
20.0
4.6
6.1
19.2
-. 1
6.2
-
Savings and loan assns.
Mutual savings banks
Life insurance conpanies
Private pension funds
36
37
38
39
40
41
.5
.4
1.0
1.9
.3
-1. 1
.5
1.5
.2
1. 6
.8
.3
.8
.5
.1
3.7
.1
1.0
.2
-1. 1
Beits
Money narket funds
40
41
Life conpany reserves
3.2 Liab.: Life insurance cos.
Accident and health
1.9
Policy dividend accun.
1.J
Asset: Households
2
3
4
(D) Nonlife insurance claims
14.5 Liab.:
7.2 Asset:
1.3
2.2
3.6
(E) intercorporate clains
Corporate parent investnent in
-8.7
finance conpanies
Asset: Donestic bank affiliates
(F)
-
BILLIONS OF DOLLABS.
-. 4
11/85 BASED ON INCOMPLETE INFOBHATION.
Other insurance cos.
Households
Earn business
Nonfarn noncorp. bus.
Nonfin. corp, business
5
6
7
8
9
10
Unallocated assets ♦ liabilities
19.9 Net total
SEPTEBBEB 23, 1965
Total Claias
Total Claias
Total Financial Assets and liabilities
50
ONADJUSTED NET FLOWS($ BILL)
OIADJOSTED BET FLOSS(S BILL)
1964
I
II
III
IT
|
|
1985
I
II
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Total Bet Borrowing and Leading in Credit Barkets (1)
1
Total net borrowing
in credit aarkets
2
3
4
5
6
7
8
9
Doaestic nonfinan. sectors
O.S. Governaent
Private doaestic
Households
Fara business
Nonfara noncorp. bus.
Corporate business
State*local governaents
10
11
12
13
14
15
16
17
18
Foreign borr. in O.S.
Financial sectors
Sponsored credit agencies
Hortgage pools
Conaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
19
Total net lending
in credit aarkets
166,504 231,455 216,597 273,082 170,561 239,514
211.6
283.8
378.7
479.6
491.3
1
142,655 187,457 186,100 239,430 139,230 192,019
49,427 31,166 54,048 64,161 41,827 45,224
93,228 156,291 132,052 175,269 97,403 146,795
41,556 68,033 62,888 76,990 49,929 70,039
409
232
3,912
2,311 -3,526 -2,694
13,093 26,866 18,752 19,048 12,752 20,400
37,660 49,963 35,060 59,021 29,213 33,447
687
7,517 13,041 23,736
8,203 22,500
193.0
85.4
107.6
53.5
8.5
12.5
20.9
12.3
243.5
69.0
174.5
91.5
10.2
15.4
44.2
13.2
319.4
56.8
262.6
140.7
12.3
28.0
69.7
12.0
371.7
53.7
318.0
173.4
14.6
32.8
80.6
16.5
388.7
37.4
351.3
181.0
21.4
35.3
96.0
17.6
2
3
4
5
6
7
8
9
-5,360
52,855
8,804
23,282
2,161
1,305
1,949
15,306
48
11.3
7.3
3.2
7.1
.2
.6
-4.2
.5
-. 1
19.3
21.0
2. 1
12.2
.7
5.4
-1.7
4.3
-1.9
13.5
45.8
5.9
16. 1
.6
2.0
6.9
16.9
-2.5
33.8
74. 1
23.5
13.6
.2
7.2
13.5
16.7
-.4
20.2
82.4
24.8
23.1
.2
6.5
12.6
15.3
-. 1
10
11
12
13
14
15
16
17
18
166,504 231,455 216,597 273,082 170,561 239,514
-1,154
25,003
5,543
11,124
-211
4,212
940
3,373
22
12,717
31,281
9,045
7,680
2,226
5,811
8,331
-1,928
116
-9,441
39,938
12,456
12,194
-720
-1,537
8,110
9,350
85
-405
34,057
3,386
13,449
2,264
2,440
5,274
7,290
-46
-1,007
32,338
3,922
15,046
1,505
2,770
623
8,458
14
491.3 19
211.6
283.8
378.7
479.6
27,299
22,351
408
1,292
3,248
58,808
38,128
1,627
7,596
11,457
61,149
51,306
1,439
224
8,180
44,974
6,167
2,515
13,065
23,227
56,227
55,801
753
-9,265
8,938
49,325
26,859
2,015
-791
21,242
39.6
24.5
.8
12.3
1.9
38.7
21.7
1.2
8.0
7.7
36.5
28.8
.6
-5.3
12.4
64.4
46. 1
1.4
3.7
13.2
99.7
71.2
1.8
5.2
21.6
2,818
1,647
8,870
2,847
7,484
3,154
24,191
9,531
2,525
4,280
19,203
-1,259
6. 1
13.4
15.2
7.9
39.6
10.0
33.3
17. 1
-4.5 25
19.0 26
134,740 160,930 144,810 194,386 107,529 172,245
6,286
6,222
4,043 12,255
5,233 10,264
11,124
7,680 12,194 13,449 15,046 23,282
-1,841
1,988
2,151
6,116
8,058
—272
152.5
4.5
7. 1
8.5
222.0
4.7
12.2
9.8
292.6
6.4
16. 1
7.1
364.9
26.7
13.6
7.0
377. 1
30.0
23. 1
7.7
27
28
29
30
40,555
39,140
512
580
323
29.5
28.5
1.1
59.8
55.1
-.3
4.4
•6
87.8
81.9
.6
4.9
.3
128.5
109.6
-1.0
19.6
.2
123. 1
108.6
-. 1
14.5
•
31
32
33
34
35
70,240
25,886
16,028
5,756
4,102
90,086
14,424
9,229
683
4,512
103.0
50.9
34.8
10.7
5.4
135.6
68.4
49.0
12.8
6.6
175. 1
78.5
60. 1
11.1
7.2
189.2
72.2
56. 1
8.7
7.3
193.3
56.5
49.3
4.4
2.8
36
37
38
39
40
20
21
22
23
24
Private doa. nonfin. sectors
Households
Nonfara noncorp. business
Corporate business
State * local governnents
25
26
Foreign
O.S. Governaent
27
28
29
30
Financial institutions
Sponsored credit agencies
Hortgage pools
Federal reserve systea
31
32
33
34
35
Coanercial banking
Coaaercial banks
A Bank affiliates
Foreign banking offices
Banks in O.S. poss.
38,723
37,894
35
686
108
47,395
46,984
214
68
129
35,475
34,111
234
904
226
60,349
55,593
355
4,173
228
17,282
16,620
422
-51
291
36
37
38
39
40
Private nonbank finance
Savings institutions
Savings ♦ loan assns.
Hutual savings banks
Credit unions
82,691
35,867
29,413
2,503
3,951
91,612
45,746
39,211
2,787
3,748
88,768 108,186
37,324 24,097
31,440 19,754
3,200
1,912
2,684
2,431
-.5
.4
20
21
22
23
24
41
42
43
44
45
Insurance sector
Life insurance cos.
Private pension funds
St.+loc.govt.rtr.funds
Other insurance cos.
25,308
13,679
3,549
6,654
1,426
30,709
13,514
7,801
7,368
2,026
34,443
16,051
6,994
8,183
3,215
32,639
14,685
6,544
8,951
2,459
21,928
15,177
4,297
85
2,369
28,893
12,583
7,555
6,372
2,383
52.0
16.9
18.4
9.3
7.3
55.7
23.7
9.7
9.8
12.5
73.1
27.5
16.2
11.9
17.5
89.3
33. 1
22.8
17.0
16.5
85.6
33.0
28.3
10.8
13.4
41
42
43
44
45
46
47
48
49
50
51
Finance n.e.c.
Finance coapanies
Beits
Hutual funds
Honey aarket funds
Brokers and dealers
21,516
6,425
222
8,069
8,096
-1,296
15,157
10,438
222
4,678
957
-1,138
17,001
3,531
221
5,611
6,019
1,619
51,450
14,831
222
7,342
22,912
6,143
22, 426
6,849
221
18,172
-82
-2,734
46,769
11,273
221
19,870
12,534
2,871
V
2.6
-4.8
.5
.7
1.0
11.4
11.7
-3.8
-.2
.6
3.)
23.6
22.5
-2.4
3.9
-. 1
-.3
27.6
26. 1
-1. 1
3.2
-1.3
51.2
29.8
-1.0
1.9
19.8
.6
46
47
48
49
50
51
.8
(1) Excludes corporate eguities.
Total Liabilities and Their Belation to Total Financial Assets
Net flows through credit aarkets (froa
1
preceding table)
166,504 231,455 216,597 273,082 170,561 239,514
Other financial sources:
2
729
-168
37
-76
295
Official foreign exchange
763
3
174
141
18
Treasury curr. and SDB ctfs.
155
83
277
211.6
283'. 8
378.7
479.6
491.3
1
.8
.9
2.5
1.2
.1
.3
.5
.5
«
2
3
147.8
24.8
121.6
183.5
32.7
65.4
6. 9
54.5
21.6
2.4
181.3 4
35.8 5
61. 1 6
34.4 7
27.8 8
16. 1 9
6. 1 10
10.7 11
84.4 12
1.6
4
5
6
7
8
9
10
Deposits at financial insts.
Checkable deposits
Saall tiae * savings dep.
Honey aarket fund shares
Large tiae deposits
Security BP's
Foreign deposits
63,254
-4,256
37,628
11,228
8,152
9,496
1,006
78,871
11,875
32,105
3,854
33,508
-306
-2,165
62,935 125,909 12,472
6,493 32,824 -27,673
28,739 50,747 47,787
5,129 26,972 -3,024
15,544 18,882 -2,371
7,460
-358 -1,625
-430 -3,158
—622
63,726
36,381
40,139
5,108
-9,036
-6,263
-2,603
113.4
18.7
98.0
1.3
-8.9
3.5
.8
-13.9
13.6
1.7
165.5
30.2
94.6
.2
28.3
10.9
1.3
11
12
Life insurance reserves
Pension fund reserves
1,478
22,328
1,126
28,934
1,117
41,130
2,044
34,665
8.1
46.8
8.8
51.3
9.5
62.2
11.2
75.4
13
14
15
16
17
18
19
Interbank clains
14,856 11,495
9,662
1,169
7,370 14,569
Corporate eguities
-1,435 -18,838 -6,019 -6,839
7,408
5,422
Security credit
-874 -2,497
-832
6,316 -2,735
9,439
6,476
9,654 10,512
Trade debt
8,009 -6,905
4,901
Profit taxes payable
4,519 -5,381
—202
1,589 -1,458 -7,660
Noncorp. proprietors* eguity -10,136 -22,227 -12,863 -11,812 -10,607 -12,850
Hiscellaneous
26,300 44,421 17,106 29,139 17,423 25,777
-11.1
10.6
3.7
12.4
-2.7
-15.3
37.4
-8.9
10.6
12.7
19.3
8.0
-24.9
51.7
-1. 1
6.5
2.2
28. 1
-.6
-25.0
45. 1
16.0
1.7
1.2
59.0
5.2
-25. 1
71.8
22.7
-4.3
2. 1
60.9
2.8
-26. 1
91.6
294,173 357,000 339,263 466,344 219,731 381,846
416.7
563.8
671.6
880.6
919.0 20
.1
.3 21
-. 1 22
-13.0 23
20 Total financial sources
21
22
23
24
25
26
27
28
29
- Floats not incl. in assets
Deaand dep.: O.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security BP’s
Profit taxes payable
Hiscellaneous
Totals allocated to sectors
as assets
1,722
26,265
-355
-6,660
-19,996
-522
-965
-8,514
852
-6,579
-5,432
371
330
17,399 -11,238
19,805 -20,373
1,022
-3,329
3,242
1.6
3.0
-.8
.6
-4.4
1.5
1.8
-10.2
*
-.5
-4.2
17
11,510
-1,011
2,021
-760
-69
3,755
-3,963
5
-693
-41
1,923
-1,365
-1,104
448
-40
1,930
-3,984
-834
-1,763
-177
5,161
-4,263
411
6,185
-.1
-.1
—3.8
4.6
-1.0
5.5
-.9
9.3
.2
4.8
-.3
-5.4
5.5
-1.0
8.2
*
•8
10.9
1.5
6.2
309,407 367,966 350,561 433,460 245,225 373,594
106.6
555. 1
671.5
865.8
11/85 BASED ON IHCOBPLETE INFOBHATION
1,481
37^397
V
107
3,976
2,758
2,068
-3,122
-.2
-1.7
3.4
1.8
14.8
13
14
15
16
17
18
19
24
25
26
27
28
913.6 29
SEPTEBBEB 23, 1965
Total Claias
Total Claims
5i
Total Pinancial Assets and liabilities
SEASOIALLT ADJUSTED AIIOAL BATES
SEASOIALLT ADJOSTED AIIOAL BATES
|
1980
1981
1982
1983
1984
1
1984
1
II
III
11
|
1I
1985
1
II
Total let Borrowing and Leading in Credit Markets (1)
Total aet borrowing
ia credit aarkets
1
1
424.9
487.8
490.2
643.0
887.6
782.2
910.0
822.7
1035.6
820.4
923.9
2
3
4
5
6
7
8
9
340.0
79.2
260.8
117.9
14.3
31.0
80.4
17.2
371.6
87.4
284.2
119.2
16.4
38.4
103.4
6.8
398.3
161.3
237.0
90.4
7.9
40.9
71.9
25.9
538.9
186.6
352.3
190.4
4.5
65.2
54.6
37.6
755.6
198.8
556.8
249.5
2.9
77.8
181.7
45.0
661.0
173.5
487.5
215.5
3.8
74.6
169.7
23.9
747.0
171.9
575.1
280.9
.4
91.4
183.5
18.8
704.7
194.9
509.8
232.1
6.5
75.0
143.4
52.9
909.9
254.9
655.0
269.3
1.1
70.1
230.3
84.3
668.5
147.1
521.4
260.1
-7.4
75.5
137.5
55.0
740.4
217.5
530.8
286.1
-13.6
63.7
117.2
77.5
Doaestic nonfinan. sectors
O.S. Governaent
Private doaestic
Households
Para business
lonfara noacorp. bus.
Corporate business
StatetLocal governaents
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
27.2
57.6
25.6
19.2
.2
6.9
7.4
-1.1
-.5
27.2
89.0
32.4
15.0
-.1
8.3
15.5
18.2
-.2
15.7
76.2
15.3
49.5
.6
1.9
2.5
6.3
*
18.9
85.2
1.4
66.4
-.2
8.6
-2. 1
11.3
-.3
1.7
130.3
30.4
44.4
3.6
10.9
22.7
18.1
.2
-6.5
127.8
30.9
43.2
-.8
16.8
14.2
23.3
. 1
52.3
110.7
28.9
36.2
8.9
23.2
25.2
-12.2
.5
-38.5
156.5
40.3
47.0
-2.9
27.4
50.5
.3
-.4
126.2
21.6
51.4
9.1
9.8
23.9
10.7
-.2
-8.1
160.0
25.1
58.6
6.0
11. 1
12.8
46.3
.1
—20.2
195.8
27.1
99.2
8.6
5.2
-1.5
56.9
.2
Poreign borr. in O.S.
Pinancial sectors
Sponsored credit agencies
Aortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Pinance coapanies
Beits
10
11
12
13
14
15
16
17
18
19
424.9
487.8
490.2
643.0
887.6
782.2
910.0
822.7
1035.6
820.4
923.9
20
21
22
23
24
46.5
30.4
.4
-2.2
17.9
72.9
51.2
2.7
11.5
7.5
88.5
46.9
1.8
12.8
27.2
142.8
70.9
3.8
20.4
47.7
192.2
118.0
6.0
22.2
46. 1
113.5
58.0
2.8
19.9
32.8
236.1
170.1
8.8
31.5
25.8
226.2
175. 1
5.2
2.4
43.4
193.1
68.7
7.1
34.9
82.4
246.5
200. 1
7.4
-19.6
58.5
180.5
112.0
6.8
-5.3
67.0
25
26
23.3
23.7
16.2
24.0
22.8
15.9
27. 1
9.7
43.4
17.2
17.8
7.8
41.9
8.0
32.6
12.4
81.2
40.5
16.0
18.7
82.4
-8.3
27
28
29
30
331.4
26.4
19.2
4.5
374.7
33.2
15.0
9.2
362.9
16.0
49.5
9.8
463.4
3.4
66.4
10.9
634.9
28.8
44.4
8.4
643. 1
27.5
43.2
14.9
624.0
40.2
36.2
8.9
551.6
14.1
47.0
-9.0
720.8
33.4
51.4
18.9
539.1
33.4
58.6
22.0
31
32
33
34
35
100.6
83.)
-.1
17.0
.5
102.3
95.6
.1
7.7
-1. 1
107.2
106.2
.1
.3
.6
136. 1
134.6
-.2
1.2
.5
181.9
174.6
.8
5.8
.7
212.6
210. 2
.1
1. 8
.4
179.4
169.0
.9
9.0
.5
141.5
143.9
.9
-4.3
.9
194.4
175.2
1.4
16.8
.9
36
37
38
39
40
180.7
54.5
46.2
5.9
2.4
215.0
27.4
22.8
.9
3.7
180.4
31.4
20.2
.7
10.6
246.6
140.5
105.4
18.5
16.7
371.3
143.0
119.8
10.4
12.8
344. 8
145.2
119.0
8.5
17.7
359.3
177.8
150.3
12.6
15.0
358. 1
143. 1
122.3
13.2
7.7
41
42
43
44
45
94.5
33.2
30.6
20.9
9.9
97.6
34.7
31.1
22.5
9.4
107.4
43.5
35.6
23.4
5.0
94.2
50.6
25.9
16.0
1.7
123. 1
57.9
24.9
31.2
9.1
95.8
47.2
17.3
26.6
4.7
127.7
55.6
32.6
29.5
10.1
46
47
48
49
50
51
31.7
13.5
-.7
4.8
14.9
-.7
89.9
20.9
-1. 1
5.3
62.5
2.3
41.5
7.9
♦
12.7
21.4
-.5
11.9
25.2
.1
14.6
-21.4
-6.6
105.1
35.2
.9
25.7
38.0
5.3
103.8
36.3
.9
32.3
32.4
2.0
53.8
36.6
.9
18.7
3.8
-6.2
-6.1
Total net lending
in credit aarkets
19
Private doa. nonfin. sectors
Bousebolds
lonfara noncorp, business
Corporate business
State * local governaents
20
21
22
23
24
Foreign
O.S. Governaent
25
26
669.3
31.3
99.2
33.8
Pinancial institutions
Sponsored credit agencies
Bortgage pools
Federal reserve systea
27
28
29
30
129. 1
127.8
1.7
-1.5
1.2
151.4
137.0
2.0
11.1
1.3
Coaaercial banking
Coaaercial banks
Bank affiliates
foreign banking offices
Banks in O.S. poss.
31
32
33
34
35
422.7
106.0
87.7
7.3
11.0
296.0
104.0
64.5
2-1.3
18.3
353.5
51.9
29.2
4.5
18.3
Private nonbank finance
Savings institutioas
Savings ♦ loan assns.
Butual savings banks
Credit unions
36
37
38
39
40
133.2
65.4
23.6
32.7
11.5
135.6
63.6
26.0
35.8
10.2
82.5
52.8
20.9
.3
8.4
120.7
52. 1
31.6
25.5
11.5
Insurance sector
Life insurance cos.
Private pension funds
St.*loc.govt.rtr.funds
Other insurance cos.
41
42
43
44
45
81.8
26.4
.9
22.4
24. 1
8.0
181. 1
41.6
.9
29.4
91.6
17.6
109.4
39.8
.9
72.7
-.3
-3.6
180.9
40.4
.9
79.5
50.1
10.0
finance n.e.c.
Finance coapanies
Beits
Butual funds
Boney aarket funds
Brokers and dealers
46
47
48
49
50
51
(1) Excludes corporate egaities.
Total Liabilities and Their Delation to Total Pinancial Assets
Bet flows through credit aarkets (iron
preceding table)
820.4
923.9
Other financial sources;
-.3
1.2
Official foreign exchange
1. 1
Treasury curr. and SDB ctfs.
.1
1
424.9
487.8
490.2
643.0
887.6
782.2
910.0
822.7
1035.6
2
3
8.0
1.3
2.1
1.2
3.0
1.7
.5
.5
1.4
.6
2.9
.7
-.7
.6
.1
.3
3.1
.6
4
5
6
7
8
9
10
215.7
16.2
86.6
29.2
61.0
19.9
2.8
273.7
28.2
47.5
107.5
61.8
16.2
12.6
217.5
37.8
139.8
24.7
3.4
9.5
2.4
222.0
39.5
217.7
-44. 1
-18.1
24.0
3.0
331.0
46.9
149.2
47.2
76. 1
16.3
-4.7
350.7
74.3
106.3
44.9
82.9
38.2
4. 0
316.3
37.3
153.4
15.4
114.4
4.5
-8.7
255.4
7.9
165.4
20.5
37.8
25.5
-1.7
401.6
68.3
171.8
107.9
69.3
-3.0
-12.6
148.2
-22.3
144.7
-12. 1
46.5
-6. 1
-2.5
258.9
141.5
186.8
20.4
-61.7
-17.8
-10.4
Deposits at financial lasts. . 4
Checkable deposits
5
6
Saall tiae * savings dep.
7
Money aarket fund shares
8
Large tine deposits
Security BP’s
9
Poreign deposits
10
11
12
9.7
106.3
9.2
109.0
7.2
140. 1
8.0
136.2
5.2
129.8
5.9
118.0
4.5
126.0
4.5
123.9
5.9
150.6
6.9
136.4
8.2
149.4
Life insurance reserves
Pension fund reserves
13
14
15
16
17
18
19
-29.5
21.9
12.5
47.2
-3.1
-41.6
66.7
-15.8
-3.0
.8
35.6
-8.4
-25. 1
101.7
-12.2
35.3
7.4
-5. 1
-14. 1
-30.4
78.0
14.4
67.8
12.2
43.0
5.8
-66.4
78.3
37.2
-33.1
2.1
34.7
.5
-57.0
117.0
61.8
-9.7
10.8
72.1
10.7
-50.3
81.3
42.9
-71.8
-13.4
42.5
11.4
-70.3
155.8
34.6
-23.4
27.8
-14.5
-58.0
81.6
9.5
-27.6
11.5
-3.8
-5.5
-49.5
149.1
33.0
17.3
3.6
21.6
-12.5
-50.7
46.0
53.3
33.5
34.8
17.7
.4
-34.9
78.3
Interbank claias
13
Corporate eguities
14
Security credit
15
Trade debt
16
Profit taxes payable
17
loacorp. proprietors’ eguity 18
Hiscellaneous
19
20
839.9
968.8
918.4
1165.2
1456.8
1437.9
1453.7
1254.6
1681.0
1171.0
-.4
1524.7 Total financial sources
21
22
23
-.6
2.3
-9.5
-1.1
4. 1
7.8
-.4
3.2
1.2
1.4
•1
-16.2
.3
3.2
-14.1
-.3
8.0
-10.2
-5.4
-1.5
-28.9
6.2
-.6
-6.3
.9
6.9
-11.1
2.5
-11.3
-10.1
.5
-11.6
16.7
24
25
26
27
28
-.2
-3.4
8.4
.6
-16.6
-.2
-2.4
-4.5
.7
-.5
-. 2
15.7
-5.8
-. 1
.6
-.2
-1. 1
.3
.1
18.4
-.1
19.1
-10.3
.1
-2.8
.1
38.4
.3
-. 1
-16.5
-.3
13.6
-11.2
-1.1
-6.8
5.0
-10.3
-.2
9.7
-.2
19.5
-20.0
.6
2.6
.4
7.5
15.6
.1
-25.9
-.7
20.0
-11. 1
.9
19.9
29
858.8
964.9
904.2
1162.5
1461.4
1418.3
1495.3
1250.2
1681.9
1192.3
1490.3
BILLIOHS OP DOLLABS. , 11/85 BASED OH IICOBPLSTE IIFOBBATIOI.
•9
- Floats not incl. in assets
Deaand dep.: O.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security BP’s
Profit taxes payable
Biscellaneous
Totals allocated to sectors
as assets
1
2
3
11
12
20
21
22
23
24
25
26
27
28
29
SEPTEMBEB 23, 1985
Saving by Individuals
$2
Saving by Individuals
Aaount and Coaposition of Individuals* Saving (1)
OHADJUSTED HET PLOWS(S BILL)
OHADJOSTED HET PLOBS(S HILL)
1984
I
1 Increase xn financial assets
2
Checkable deposits and curr.
3
Tiae and savings deposits
4
Honey aarket fond shares
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Securities
O.S. savings bonds
Other O.S. Treasury secur.
O.S. Govt, agency secur.
Tax-exeapt Obligations
Corporate * foreign bonds
Open-aarket paper
Hutual fund shares
Other corporate eguities
Private life insurance res.
Private insured pension res.
Private nonxnsured pen. res.
Govt, insurance ♦ pen. res.
Hiscellaneous finan. assets
19 Gross inv. in tangible assets
20
Owner-occupied hoaes
Other fixed assets (2)
21
Consuaer durables
22
Inventories (2)
23
II
III
IV
|
|
198S
I
II
109,668 129,392 148,823 133,212 116,536 122,576
7,176
6,948
1,054 21,843
2,740 12,408
46,015 59,820 53,916 57,069 38,977 28,299
11,228
3,854
5,129 26,972 -3,024
5,108
1975
BILLIOHS OP DOLLAfiS
1976
1977
1978
1979
174.4
6.9
84.2
1.3
210.3
15.7
106.2
*
235.7
19.9
108.2
•2
274.2
22.5
102. 1
6.9
293.5
21.5
74.4
34.4
1
2
3
4
44,610 26,067
1,254
928
5,610 -17,562
15,109 33,907
18,586
2,729
13.3
4.0
10.9
-3.4
6.2
9.2
4.7
-1.0
2.7
2.0
16.8
4.7
8.2
5.5
-1.5
26.0
3.9
15.4
6. 1
4. 1
32.2
8
19.8
16.4
10.4
5
6
7
8
9
712 -7,197
-392
6,893
8,233 -4,340
6,794 -4,916 -8,712 20,034 -4,151
-3,601
13,652
6,278
8,674
9,084 23,441 24,122
-17,820 -19,879 -19,004 -22,546 -31,474 -25,749
6.3
-6.0
-.3
-4.4
10.8
-4. 8
-2.4
-2.6
-.2
3.9
.9
-4.8
-6.3
8. 1
-. 1
-5.3
-1.4
6.6
. 1
-18.9
10
11
12
13
1,997
12,927
8,504
13,281
4,550
7.9
8.7
23. 1
15.1
13.8
8.6
15.0
18.9
17.7
19.2
9.3
16.8
23. 1
22.5
18.9
10.9
19. 1
28.7
27.9
30.2
10.4
19.4
40.9
24. 4
36.0
14
15
16
17
18
132,122 141,677 146,349 155,160 138,071 148,606
34,355 28,099 34,077 35,526 36,298 28,923
24,592 31,209 29,758 27,142 25,499 32,949
69,407 79,972 78,738 90,650 75,044 84,773
2,397
3,776
3,768
1,842
1,230
1,961
222.3
46.4
41.3
132.2
2.4
262.6
63.8
43.0
156.8
-1.0
320.8
83.0
56.5
178.2
3. 1
375.6
100.5
71.9
200. 2
19
20
21
22
23
17,366
764
20,363
2,798
498
1,425
9,302
6,851
6,228
4,077
21,185
688
21,262
1,792
11,447
1,069
9,247
7,575
12,169
7,525
36,677 -9,566
761
817
29,235 -20,354
12,564
6,325
9,755 18,927
1,056
12,825
2,780
25,586
8,114
1,416
13,816
8,807
14,839
7,451
1,729
12,267
7,692
6,299
6,932
3.Q
408. 1
107.3
82. 1
213.4
5.3
24 Capital consuaption allowances
25
owner-occupied hoaes
26
Other fixed assets (2)
27
Consuaer durables
95,636
13,961
24,690
56,985
97,509
14, 184
25,499
57,826
99,339 100,910 102,501 104,155
14,494
15,271
14,726 15,015
25,892 26,352 26,605 27,054
58,953 59,830 60,881 61,830
166.6
22.2
38.7
105.7
183.2
24.5
41.8
116.9
203.7
28.6
46.5
128.6
230.0
33.5
52.9
143.5
261.4
39. 1
61.3
160.9
24
25
26
27
28 Het inv. in tangible assets
29
Owner-occupied hones
30
Other fixed assets (2)
Consuaer durables
31
32
Inventories (2)
36,486
20,394
-98
12,422
3,768
44,168
13,915
5,710
22,146
2,397
47,010
19,583
3,866
19,785
3,776
54,250
20,798
790
30,820
1,842
35,570
21,283
-1,106
14,163
1,230
44,451
13,652
5,895
22,943
1,961
55.7
24.2
2.6
26.5
2.4
79.4
39.2
1.2
40.0
-1.0
117. 1
54.4
10.0
49.6
3. 1
145.7
67.0
19.0
56. 7
3.0
146.7
68.2
20.8
52.5
5.3
28
29
30
31
32
33 Het increase xn debt
34
Htg. debt on nonfara hoaes
35
Other nortgage debt (2)
36
Consuaer credit
37
Security credit
38
Policy loans
Other debt (2)
39
56,265
35,843
11,064
7,419
128
178
1,633
98,956
34,455
26,155
31,109
-1,239
-214
8,690
83,591
33,507
21,773
27,680
-1,527
461
1,697
93,676
34,734
16,215
30,279
-466
46
12,868
62,637
38,114
11,846
14,158
942
-144
-2,279
95,850
31,500
18,969
31,828
3,014
-174
1C,713
78.4
40.6
18. 1
9.0
.7
1.6
7.9
126.7
61.4
21.3
25.4
4.8
1.4
12.4
186.4
90.8
32.0
40.2
1.3
1.7
20.3
229.4
112.9
35. 1
48.8
1.2
2.6
28.8
243.0
123. C
41.9
45.4
1.0
4.7
27.0
33
34
35
36
37
38
39
40 Individuals* saving (1*28-33)
89,889
74,604 112,242
93,786
89,469
71,177
...
151.7
15. 1
26.5
163.0
17.7
40.0
166.5
22.5
49.6
190.5
27.9
56.7
197.2 40
24.4 41
52.5 42
.2
.1
109.8
.5
1
104.9
.6
-.3
94.0
.7
•2
105.0
.9 43
. 1 44
119.3 45
94.3
82.5
78.0
89.4
96.7 46
15.5
22.5
1b.0
15.6
22.6 47
(1) Coabined stateaent for households, fara business,
and nonfara noncorporate business.
(2) includes corporate faras.
11/85 BASED OH IHCOHPLETE IHPOBMAT1OH
SEPTEHBEB 23, 1985
Saving by Individuals
Saving by Individuals
53
Amount and Composition of Individuals* Saving (1)
SEASOHALLX ADJUSTED ANNUAL BATES
SEASOHALLX ADJUSTED AMHOAL SATES
J
1980
198 1
1982
1983
1984
4
319.7
10.2
126.5
29.2
356.2
3 1.8
66.7
107.5
365.2
16.9
119.2
24.7
437. 2
43.3
198.8
-44. 1
521. 1
29.3
216.8
47.2
5
6
7
8
9
3.8
-7.3
17.3
6.9
7.0
.9
-4.3
2 8.4
6.7
11.0
24.7
.2
15.2
-9.2
28.9
77. 1
3. 1
36.3
2.8
42.3
10
11
12
13
-11.0
-.8
5.2
-13.5
-3. 9
-7.3
6.3
-3 6.0
3.9
-8.5
18. 4
-24. 1
-9.2
-4. 1
32.8
-26. 8
14
15
16
17
18
9.7
22.3
48.7
35.3
34.1
8.9
29.5
37.9
41.8
31.2
7.0
39.7
54.2
46. 4
32.4
19
20
21
22
23
386.7
100.3
78.3
214.7
-8.6
437.2
96.0
96. 7
235.4
9.0
24
25
26
27
298.0
44.1
72.0
182.0
28
29
30
31
32
1984
1
|
1985
II
III
450. 7
37.7
200.4
44. 9
548.7
35.9
233.3
15.4
527.9
4.8
225.1
20.5
556.9
38.8
206.5
107.9
495.4
14.6
175.2
-12. 1
500.9 Increase in financial assets
96. 1
Checkable deposits and curr.
102.7
Time and savings deposits
20.4
Honey aarket fund shares
1
2
3
4
65.7
3.0
50.5
23.5
40.6
26. 2
4.7
36. 4
17.3
15.2
100.9
2.7
127.9
4.9
30.9
117.6
2.7
70.9
41.4
42.0
17.8
2.0
-33.1
30.3
74.4
142.7
5.2
-19.0
67.2
25.8
106.7
4.9
-38. 1
133.2
57.7
5
6
7
8
9
»
-10.4
37.7
-79.2
-2.9
-15.4
50.6
-79.6
-14.0
3.9
28.7
-84. 1
-5.7
7.0
35.4
-76.0
22.7
-37.2
36.1
-77.3
26.8
81.9
89.3
-134.6
-.6
-42. 1
100.4
-108.6
7.8
40.2
46. 2
50.0
17.9
5.0
45.2
26.0
58.8
27.2
5.7
37. 2
35. 3
46. 4
16.9
4.3
37.0
36.6
52.6
32.7
4.2
51.3
4.3
68.5
31.6
5.7
55.3
27.8
67.8
27.4
6.9
49. 1
39.8
47.5
31.7
8.0
51.7
40.6
57.0
17.4
421.0
75.2
104. 6
245. 1
-4.0
4 83.8
108.2
106. 1
279.8
-10.3
575.3
132. 1
112.7
318.8
11.8
565. 0
126. 4
111.3
310. 9
16.3
572.6
132.5
111.6
320.7
7.8
577.9
135.4
113.9
317.2
11.4
585.8
133.9
114.0
326.3
11.7
591.4
134.5
115.8
334.8
6.3
601. 1 Gross inv. in tangible assets
Owner-occupied homes
136.8
118.4
Other fixed assets (2)
Consuaer durables
340.0
Inventories (2)
5.8
19
20
21
22
23
326.5
4 8.5
81.6
196.3
349.4
51. 1
88.6
209.6
367.0
53.2
95.5
218.3
39 3. 4
57.4
102.4
233.6
382.5
55.8
98.8
227. 9
390.0
56.7
102.0
231.3
397.4
58.0
103.6
235.8
403.6
58.9
105.4
239.3
410.0
60.1
106.4
243.5
4 16. 6 Capital consuaption allowances
Owner-occupied hones
61. 1
Other fixed assets (2)
108.2
247.3
Consumer durables
24
25
26
27
88.7
36.2
6.3
32.8
-6.6
110.7
47.6
15. 1
39.1
9.0
71.6
24. 1
15. 9
35.5
-4.0
116.8
54.9
10.7
61.5
-10.3
181.9
74.7
10.3
8 5.2
11.8
182.5
70.6
12.6
83. 0
16.3
182.5
75.8
9.6
89.4
7.8
180.5
77.4
10.3
81.4
11.4
182.2
75.0
8.5
86.9
11.7
181.4
74.5
9.3
91.3
6. 3
184.4 Net inv. in tangible assets
Owner-occupied homes
75.7
Other fixed assets (2)
10.2
92.7
Consuaer durables
5.8
Inventories (2)
28
29
30
31
32
33
34
35
36
37
38
39
173.4
95.4
32.0
4.7
6.5
6.7
28.2
176. 8
74.4
36. 1
22.7
-1.7
7.4
37.9
143.2
49.5
38.0
20. 1
3. 8
4. 2
27.6
272. 3
110. 1
62.7
59. 8
8.4
1. 1
30.3
J32.5
138.5
75.2
96.5
—3. 1
.5
24.9
299. 5
132.7
61.3
78. 8
.5
.7
25.4
373.3
150.4
89. 1
125.4
-5.0
-.9
14.2
312. 1
134.5
78.3
90.2
-6. 1
1.8
13.3
345. 1
136.6
72.0
91.5
-1.9
.2
46.7
338.8
139.1
65.8
119.4
3.8
-.6
11.4
356.2 Met increase in debt
139.3
Htg. debt on nonfara homes
Other aortgage debt (2)
59.3
Consuner credit
125.2
Security credit
12. 1
-.7
Policy loans
21.0
Other debt (2)
33
34
35
36
37
38
39
40
41
42
235.1
35.3
32.6
290.2
41.8
39. 1
293. 5
46. 4
35.5
281.7
50. 0
61.5
370.5
58.8
85.2
333.7
46. 4
83.0
358.0
52.6
89.4
396.4
68.5
81.4
394.0
67.8
86.9
338.0
47.5
91.3
40
41
42
43
44
45
1.8
-.5
1o5.7
2.7
-.6
207.4
z. 4
-.5
209.8
4. 4
-. 1
165. 9
6.0
.3
220.2
10.6
. 2
193.6
5.2
.2
210.5
4.3
.3
241.9
3.9
•4
235.0
2. 1
.5
196.6
329.2 Individuals* saving (1+28-33)
57.0 - Govt, insurance + pen. res.
92.7 - Net investaent in cons. dur.
- Capital gains dividends
from mutual funds
b. 7
.7 - Met saving by farm corps.
172. 1 = Personal saving, F/F basis
46
110.2
137.4
136.0
118. 1
156. 1
152. 5
144.8
164. 1
163.0
118.6
136. 1 Personal saving, NIPA basis
46
47
55.5
70. 1
73.8
47.8
64. 1
41.0
65.7
77.8
72.0
78.1
1
2
3
1
1
IV
I
II
Securities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. Govt, agency secur.
Tax-exempt Obligations
Corporate ♦ foreign bonds
Open-market paper
Hutual fund shares
Other corporate eguities
14
Private life insurance res.
Private insured pension res. 15
Private noninsured pen. res. 16
17
Govt, insurance ♦ pen. res.
Hiscellaneous finan. assets
18
36.0 Difference
(1) Combined statement for households, farm business,
and nonfarm noncorporate business.
(2) Includes corporate farms.
BILLIONS OF DOLLARS.
11/85 BASED ON INCOHPLETE INFORHATION.
10
11
12
13
43
44
45
47
SEPTEMBER 23, 1985
Discrepancies
Discrepancies
54
Discrepancies - Sunnary for Sectors and Transactions
UNADJUSTED MET FLOWS(4 MILL)
UMADJUSTED MET FLOWS($ BILL)
1984
I
II
III
IV
|
1
1985
I
II
1975
BILLIONS OF DOLLABS
1978
1976
1977
1979
Sector Discrepancies
1 Total, all sectors
Households
2
3
Monfin. corporate business
4
State and local governaents
5
U.S. Governnent
6
Foreign
-12,728 -6,299 -9,056
-31,715 -11,358 -18,830
2,012
7,301
7,102
5,027
1,845 -6,963
8,095
2,541 -1,792
a,920 -1,754 11,483
30,882 -21,133
-2,219 -41,627
26,950
-544
2,663
4,157
2,330
7,992
1,905 10,733
13,439
-3,619
6,585
1,887
-85
5,785
4.6
-16.5
6.0
5.4
2.7
5.7
3.6
-22.5
9.2
6.3
4.8
9.6
-1.3
-16.0
16.5
1.9
5.8
-2.9
17.2
-15.6
23.8
4.8
3.9
11.5
6.9
-22.6
1.4
8.9
6. 0
27.5
-14. 3 7
.6 8
9
-9.5 10
1
2
3
4
5
6
7
8
9
10
Financial sectors
Sponsored credit agencies
Honetary authority
Connercial banks
-1,067
20
-1,085
-4,874
180
-1,179
-56
51
-3,708
-747
118
-792
-1,844
32
-1,772
2,886
-24
396
.3
.3
• 1
-3.8
.3
-1.4
-6.5
•4
-6. 1
-11.0
.5
-8.2
11
12
13
14
15
16
Private nonbank finance
Savings and loan assns.
Mutual savings banks
Life insurance
Gther insurance
Finance n.e.c.
-2
39
144
425
774
-1,384
-3,875
223
204
425
540
-5,267
3,601
135
137
683
673
1,973
-73
104
179
493
783
-1,632
-104
25
—3
317
437
-880
2,514
196
-332
571
644
1,435
-. 1
a
1
-.4
-.9
1.2
-2.6
-.2
-.2
•2
-2.8
.3
-.8
-. 5
-.3
1.5
-1.5
*
-3.3
-.2
-. 1
1.7
-.7
-4.0
-5.5
-.3
a
-. 4
1. 1
-6. 0
11
12
13
14
15
16
Transaction Discrepancies
1 Total, all types
Treasury currency
2
3
Interbank clains
4
Security RE‘s
Denand deposit nail xloatss
5
U.s. Governnent
6
ether
7
8
9
10
11
12
Trade credit
Profit taxes payable
Miscellaneous
Nonfinancial
Nonfinancial components:
MIPA discrepancy (neg.)
Pvt. vage accr. less disn.
—12,728
17
11,510
-1,011
-6,299
-69
3,755
-3,963
-9,056
-41
1,923
-1,365
30,882 -21,133
107
-40
1,930
3,976
-3,984
2,758
13,439
-177
5,161
-4,263
4.6
-. 1
-J.8
4.6
. 3.6
-. 1
-.9
9.3
-1.3
-.3
-5.4
5.5
17.2
a
•8
10.9
6.9
-. 2
-1.7
3.4
1
2
3
4
-355
-6,660
-522
-965
852
-6,579
371
330
17,399 -11,238
1,022
-3,329
. 1
1.6
-.8
•6
1.5
1.8
♦
-.5
.3
-. 1
5
6
-19,996
2,021
-760
2,506
-8,514
5
-693
4,667
-5,432
-1,104
448
2,242
19,805 -20,373
-834
2,068
-1,763 -3,122
4,361
-2,002
3,242
411
6,185
5,187
3.0
-1.0
5. 5
-5.5
-4.4
•2
4.8
-5. 1
-10.2
-1.0
8.2
-1.3
-4.2
1. 5
6.2
2.5
-13.0 7
1.8 8
14.8 9
1.5 10
-2,506
•
-4,667
-2,242
-
-4,361
-5,187
-
O.5
-
5. 1
1.3
-
-2.5
-
-1.5 11
12
-
11/85 BASED OM INCOMPLETE INFORMATION
-
2,002
SEPTEMBER 23, 198b
Discrepancies
Discrepancies
55
Discrepancies - Summary for Sectors and Transactions
SEASONALLY ADJUSTED ANNUAL BATES
1980
1981
1982
SEASONALLY ADJUSTED ANNUAL BATES
1983
1984
|
1
I
J
1984
I
II
III
IV
1985
I
II
Sector Discrepancies
1
2
3
4
5
6
-21.2
-55.5
20.0
7.0
-.5
21.6
-1.7
-7 0.1
3 7.0
2.0
9.6
22.6
14.7
-73. 8
58.9
-2.9
3.3
31.3
2. 3
-47.8
47. 3
1.0
9. 1
4.6
2.8
-64. 1
43.4
2. 6
11.2
16.6
17.4
-41.0
30. 4
5.9
21.5
3. 1
-32.6
-65.7
40.7
3.6
-1.0
10.7
17.4
-77.8
47. 1
-.7
11.7
33.4
9.0
-72.0
55.3
1.5
12.5
19.0
-13.2
-78. 1
20.8
2.7
21.1
24.8
7
8
9
10
-13.7
1.1
-9.8
-2.9
.7
-7.8
-2. 2
.8
-7.0
-11.9
.7
-8.7
-6.7
.4
-6.8
-2. 5
.4
-5. 6
-20.9
1.2
-7.2
-.6
-4.6
-4.5
.5
-8.6
7.3
.4
-5. 1
3.7
.5
-11.7
4.2
-.3
-.4
1.2
1.0
2.6
4. 0
1.2
-.7
*
1. o
-17.0
.6
1.3
1.3
.1
-20.4
14. 9
.6
. 1
1.4
4. 1
8.8
-2.0
.4
. 1
2.0
2.8
-7.3
3.7
.4
.7
3.3
2. 8
-3.4
11
12
13
14
15
16
-5.0
.7
-.2
.1
4.2
-9.8
1.9
-3.9
.1
-.5
1. 4
.4
-5.3
-.3
.5
.7
2.0
2. 8
-6.3
2. 8
.4
1.2
3. 4
4. 1
-6.3
♦
♦
45.5 Total, ail sectors
-36.0
Households
Nonfin. corporate tusiness
37.8
State and local governnents
3. 1
U.S. Governnent
-12.0
foreign
45.2
1
2
3
4
5
6
1.0
financial sectors
Sponsored credit agencies
Honetary authority
Connercial tanks
7
8
9
10
6.0
.5
-2.8
1.5
.6
6. 1
Private nonbank finance
Savings and loan assns.
Hutual savings tanks
Life insurance
Cther insurance
finance n.e.c.
11
12
13
14
15
16
45.5 Total, ail types
-.7
Treasury currency
Interbank clains
20.0
Security BP*s
-11. 1
Demand deposit nail floats:
U.S. Governnent
.5
-11.6
Other
1
2
3
4
«
Transaction Discrepancies
1
2
3
4
-z1.2
-.2
-3.4
8.4
-1.7
—.2
-2.4
-4.5
14.7
2
15.7
-5.8
2. 3
-.2
-1. 1
.3
2.8
-. 1
19. 1
-10.3
17.4
. 1
38.4
.3
-32.6
— .3
13.6
-11.2
17.4
-.2
5.0
-10. 3
9.0
-.2
19.5
-20.0
-13.2
.4
7.5
15.6
5
6
-.6
2.3
-1.1
4. 1
-. 4
3.2
1.4
. 1
.3
3.2
3
8. 0
-5.4
-1.5
6.2
-.6
.9
6.9
2.5
-11.3
7
8
9
10
-9.5
.6
-16.6
-2.3
7.8
.7
-.5
-5.6
1.2
-. 1
.6
.5
-16. 2
.1
18.4
-.5
-14. 1
. 1
-2.8
7.4
-10. 2
-. 1
-16. 5
-2.2
-28.9
-1. 1
-6.8
9.0
-6.3
.9
9.7
13.0
-11.1
.6
2.6
9.9
-10. 1
. 1
-25.9
8.1
16.7
.9
19.9
11. 1
11
12
2.3
5.6
-. b
-
.5
-7.4
-
2. 2
-9.0
-13. 0
-9.9
-8. 1
•
-1 1. 1
BILLIONS Oi DOLLABS.
11/85 BASED ON INCOHPLETE INFORMATION.
Trade credit
Profit taxes payable
Hiscellaneous
Nonfinancial
Nonfinancial components;
NIPA discrepancy (neg.)
Pvt. vage accr. less disb.
5
6
7
8
9
10
11
12
SEPTEMBER 23, 1985
Fuads Baised ia Credit Harkets
Fuads fiaised ia Credit Markets
56
Saanary of Net Fuads Baised in Credit aed Equity Markets
REVISIONS FBOM JUNE,
1980
1981
REVISIONS FBOM JUNE, 1985
1985
1982
1983
1984
1
1
1984
I
II
III
IV
|
I
1985
I
II
Net Credit Market Borrowing oy Nonfinancial Sectors
1
-4.6
-8.9
-5.8
12.5
21.5
2
3
4
39.8
16.0
-9.7
8.4
8.4
8.6
8.6
•8
•8
-20.6
-20.6
•6
29.5
-17.8
-17.8
Total net torrowiag by doaestic
nonfinancial sectors
1
U.S. Governaent
Treasury issues
Agency issues * aortgages
2
3
4
Private doaestic
noofinancial sectors
5
5
-4.6
-8.9
-5.8
12.5
21.5
18.4
21.1
31.2
15.2
10.9
6
7
8
9
10
11
12
13
-5.7
-5.4
.6
-5.5
-5.2
-5.7
-2.9
-1.8
-.9
*
-6.0
-4.3
.5
-2.4
•1
-.3
-2.1
-.2
1.7
.3
9.8
1.1
•3
8.4
6.9
1.0
.3
•1
21.4
6.8
5.3
9.4
9.3
-.3
-.2
.6
12.6
13.3
-14. 4
13.7
11.9
-1.3
2. 2
•9
26.2
21.0
5.4
-. 1
2.8
-.1
-2.9
.1
23.9
-5.0
8.7
20.2
19.5
•2
-.3
•8
23.0
-2. 1
21.4
3.7
3.1
-. 1
.2
.6
16.9
-6.6
-4.4
27.9
12.9
-.8
18.9
-3.1
Debt capital instruaents
Tax-exeapt obligations
Corporate bonds
Mortgages
Hone aortgages
Multi-faaily resid.
Coaaercial
Fara
6
7
8
9
10
11
12
13
14
15
16
17
18
1.1
-1.6
•4
-3.5
-3.9
*
5.8
-5.1
7.3
-7.8
-6.0
2.4
.5
2.7
8.5
-.6
-.4
-4.8
.1
-1.4
-.6
2. 5
2.0
-. 1
-1.9
-5.0
14. 5
-3.7
2.9
-10.5
2.6
5.2
-.5
2.6
5.0
-3.9
-8.8
-16.3
17.4
-7. 1
Other debt instruaents
Consuaer credit
bank loans n.e.c.
Open-aarket paper
Cther
14
15
16
17
18
19
20
21
22
23
24
25
-4.6
-4.2
-.4
♦
-2.7
2.4
-8.9
.6
-8.3
-1.2
.1
-1.8
.5
-5.8
-5.4
-4. 1
3.7
.3
1.5
1.9
12.5
.9
15.0
-3.4
.1
1.3
-4.9
21.5
8.2
7.8
5.5
.6
-1.0
5.9
18.4
14.2
8.8
-4.6
.7
5.7
-11.0
21. 1
22.5
6.0
-7.4
1.8
-5.9
-3.2
31.2
-2.9
15.8
18.3
-.3
1.6
17.0
15.2
-1.0
.5
15.6
.1
-5.4
20.9
10.9
-9.0
8.3
11.6
-6.9
23.9
-5.4
By borrowing sector:
State+local governaents
Bouseholds
Noofinancial business
Farn
Nonfara noncorporate
Corporate
19
20
21
26
27
28
29
30
♦
*
♦
4
1.1
4.0
3.5
-1.7
-1.4
3.1
-1.5
-1.4
10.7
4
14.5
♦
*
♦
4
1.0
.1
-.2
4. 1
.1
.4
-.2
.1
-3.9
31
-4.6
-8.9
-5.8
12.5
22.6
4.6
33.0
38.2
14.7
-.3
-.9
22
23
24
25
Fgn. net borrowing in U.S.
foods
Bank loans n.e.c.
Open-narket paper
U.S. Governnent loans
26
27
28
29
30
1.0
Total donestic plus foreign
31
Total net borrowing
ay financial sectors
Net Credit Harket Borroving by Financial Sectors
1
-5.2
4.9
7.2
-5.4
2
3
4
-.8
-2.5
-5.9
8.5
-3.4
2.0
.5
-3.5
-4. 0
.5
4.5
2.2
2.3
-1.6
-1.8
•2
2.7
3.6
-.9
.7
-2.5
3. 1
U.S. Governaent-related
Sponsored credit ag. sec.
Mortgage pool securities
Loans froa U.S. Governaeat
.9
1.8
-. 1
3.3
-5.8
1.8
-10.3
-11.3
-. 1
-2.9
5.4
-1.4
10.0
10.5
-. 1
1.7
1.0
-3. 1
-6.1
-2.3
-.1
-2. 1
-4.4
2.7
1.3
-2.0
-.1
3.6
-2.4
2. 1
Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-narket paper
Fed. Bone Loan Eank loans
-5.9
2.2
2.3
8.5
-1.8
.2
-3.4
.5
-2.5
-4.0
.5
2.0
-2.5
3.1
Total, by sector
Sponsored credit agencies
Mortgage pools
12
13
14
.9
-10.3
10.0
-6. 1
1.3
1.2
2. 1
-1.2
-1.0
-9.6
•3
-1.9
11.7
.3
.8
-6.7
-.3
16.2
-16.1
Private financial sectors
Connercial banks
Bank affiliates
Savings and loan assns.
Finance conpanies
Beits
15
16
17
18
19
20
.5
7.2
7.1
-5.4
-8.5
-1.4
-.3
-.1
.1
3.0
-.9
7.2
-5.4
—.8
6
7
8
9
10
11
-5.2
-5.3
.1
12
13
14
-5.2
15
16
17
18
19
20
-5.2
4.9
7.2
-5.4
-1.4
-6.9
1.7
5.4
-.5
7.2
.7
-5.7
-.5
-1.4
•1
4.9
4.4
.5
4.9
4
4
3.6
-.9
4
1
2
3
4
5
6
7
8
9
10
11
Total Net Credit Market Borrowing, Ail Sectors, by Type
1
2
3
4
5
6
7
8
9
-9.8
-4.0
1.4
7. 1
21.8
.5
-5.3
-5.6
•6
4.4
-5.5
-5.2
7.1
-.3
1. 1
-8.2
8.4
6.8
4.9
-1.6
.4
-3.9
2.4
.5
-.9
-1.4
-. 3
2.5
8.5
-.6
2.7
-4.8
-1.8
-4.6
-8.9
-5.8
12.5
21.5
4
9.2
2.0
10
11
12
2. 1
-21.3
13.3
-12.6
13.6
27.1
12.8
21.0
-5.9
-.3
46.6
7.0
-5.0
19.2
20. 1
11.2
3.5
-2. 1
19.1
3.6
3.0
-19.9
—6. 6
-6.4
27.9
-1.9
12.8
-1.9
3.0
-5.1
1.6
5.4
.5
-.7
1.5
-8.3
-6.1
1.8
15.0
-8.8
-12.5
11.5
2.3
13. 1
-5.3
18.0
-3.1
37.5
6.3
Total net borrowing
U.S. Governaent securities
Tax-exenpt Obligaticns
Corporate ♦ foreign bonds
Hortgages
Consuaer credit
Bauk loaas n.e.c.
Cpen-aarket paper
Other loans
1
2
3
4
5
6
7
8
9
-1.3
-26.4
Meno: U.S. Govt, cash balance
10
Totals net of changes in U.S. Govt, cash balances:
17.3
16.8
Net borrowing by don. nonfin. 11
2. 1
5.9
By U.S. Governnent
12
External corporate Eguity Funds Baised in U. S. Markets
1. 1
4
4
-.3
1.1
4
4
2.2
.2
2.0
1.4
-.3
1. 7
3.6
1.5
2.1
1.9
-.5
2.4
2.0
•1
2.0
2.0
-.1
2.1
-.3
1.1
4
4
2.0
1.7
2.1
2.4
2.0
2.0
-.3
2
3
4
5
6
BILLIONS OF DOLLABS. QUARTERLY DATA AEE SEASONALLY ADJUSTED ANNUAL BATE
.1
Total net share issues
Mutual funds
All cther
Nonfinancial corporations
Financial corporations
Foreign shares
purchased in U. S.
1
2
3
4
5
6
SEPTEflBEB 23, 1985
Credit Harket Supply of Funds
Credit flarket Supply of Funds
Direct and Indirect Sources of Funds to Credit Harkets
57
REVISIONS FROfl JUNE, 1985
1980
1
-4.6
1981
-8.9
REVISIOMS FROfl JUNE, 1985
1982
-5.8
1983
12.5
1984
21.5
|
|
1984
I
.6
II
29.5
III
39.8
If
16.0
i
|
1985
I
II
Total funds advanced in credit aarkets
to doa. nonfinaa. sectors
-9.7
1
By Federal agencies and foreign
5.0
4.7
♦
.3
V
♦
•4
.3
.3
-.5
-.1
V
*
5.0
*
.3
.3
V
.4
*
-1.6
1.1
.1
-.1
4.7
♦
♦
*
♦
-4.7
-.1
-8.8
.1
•6
-10.8
-4.7
-5.2
12.2
-3.8
-5.7
-2.3
1.3
2
3
4
5
6
.1
.1
*
7
8
9
10
11
.1
*
*
12
13
1
-.1
*
*
-4.7
-6. 0
-1.6
1.8
1. 1
1.2
-1.9
3.3
-1.4
1.2
21.4
22.7
1.7
-3.1
.1
-18.1
-14.8
-1.6
2.7
-4.4
.4
-4.7
.3
-1.9
-7.0
4.0
1.2
.7
3.1
-3.4
.8
21.4
.1
1.0
13.8
6.5
-18.1
-7.6
2.4
-3.3
-9.6
.5
1.1
-3.5
4.0
4.5
3.5
-1.6
-1.7
2.7
-1.4
23.2
.5
6.8
4.8
8.5
2.5
5. 8
-15.3
13.3
36.2
14.8
21.0
6.2
-.6
-6.5
-1.4
15.2
-15.7
-5.0
8.7
18.0
6. 1
-3. 1
35.5
18.3
-2.1
20.7
4.5
-3.3
2.7
-7.2
-3.8
-1.2
2.1
-4.2
Total net advances, by type
U.S. Governaent securities
Besidential aortgages
FHLB advances to s+l’s
Other loaas and securities
-7.2
By type of lender:
O.S. Governaent
-6.5
Spons. credit ag.+atg. pools
2.0
Honetary authority
-8.4
Foreign
5.7
Agency and foreign borroving not in line 1:
Spons. credit ag.*atg. pools
.7
10.7
Foreign
2
3
4
5
6
7
8
9
10
11
12
13
Private doaestic funds advanced
14
15
16
17
18
19
20
-4.7
•1
1.1
.3
7.9
2.9
t16.3
12. 1
13.7
1.8
8.8
-16. 1
-6.6
-8.5
13.3
28.8
2. 1
Total net advances
O.S. Governaent securities
Taz-exeapt obligations
Corporate and foreign nonds
Residential aortgages
Other nortgages and loaas
Less: FHLB advances
14
15
16
17
18
19
20
Private financial internediation
21
22
23
24
25
26
27
28
29
30
31
32
33
3.7
-4.7
6.9
8.4
2.0
-2.1
10.1
-1.7
11.4
7.4
.4
11.5
-7.8
14.6
-1.5
-5.3
18.4
3.0
-.3
-2.1
-7.0
6.3
2.5
7.8
4.3
3.5
4.4
-4.4
-17.5
14.0
19.9
-36.5
-14.9
Credit aarket funds advanced
by private financial insts.
Coaaercial banking
Savings institutions
insurance and pension funds
Other finance
2. 0
-.3
7.2
6.0
1.8
-5.4
8.4
-.9
-1.4
11.4
8.2
•9
14.6
-20.9
-10.3
-.3
6. 1
10.0
7.8
3.0
-6.1
-17.5
63.2
1.3
26
Sources of funds
Private doaestic dep. ♦ BP’s 27
Credit aarket borrowing
28
-11.0
-4.9
9.7
10.6
2.5
-.2
5.2
.3
-11.3
-1.4
-3.5
-4. 1
13.7
5.5
2.6
2.2
8.0
-8.9
17. 7
-14.5
45.8
15.0
10.4
3.1
17.3
-16.5
-11.2
-7.0
-1.3
3.0
10.9
-1.9
5.5
2.6
4.7
-82.0
-27.2
-21.3
-34.6
1. 1
Other sources
29
30
Foreign funds
31
Treasury balances
Insurance and pension res. 32
Other, net
33
-9.7
-.1
-5.3
2.2
.1
•6
4.2
-4.3
-2.7
-5.6
-5.3
-5.2
9.1
-.5
-3.8
.7
-.3
1.0
-11.3
2.7
8.7
13.4
1. 1
8.9
-3.5
-.2
7.2
-4.6
-21.7
15.7
-12.5
11. 1
2.7
11.3
15.9
21.6
-34.9
-1.6
10.3
25.5
-2.3
.8
11.2
• 1
15.7
21.5
12.5
-2.6
22.1
-10.5
*
27.6
-33.7
-12.7
30.9
29.6
13.6
9.4
-1.0
-15.2
-22.2
-2.7
-8.1
8. 1
1.5
16.8
12.5
2.2
.7
57.4
-.4
7.4
36.0
-22.2
-10.0
-3.8
*
61.0
*
-.5
1.0
2.8
-12.6
5.4
4.0
1.4
-.7
6. 1
2.2
•4
7.3
-13.2
8.0
-5.5
-.2
-6.2
2.0
6.0
•2
-.4
-.3
.3
-6.1
•1
-1.4
3.3
-5.2
-6.2
*
4.9
5.0
-.2
21
22
23
24
25
Private doaestic nonfinancial investors
34
35
36
37
38
39
40
41
42
43
44
-.3
1.8
2.0
♦
-.3
1.4
-1.4
*
♦
•4
45
46
47
*
Direct lending in cr. narkets
U.S. Governaent securities
Tax-exeapt obligations
Corporate and foreign bonds
Open-aarket paper
Other
34
35
36
37
38
39
Deposits and currency
Currency
Checxabie deposits
40
41
42
Snail tiae ♦ svgs. deposits
floney aarket fund shares
43
44
Large tine deposits
Security RP’s
Foreign deposits
45
46
47
48
-9.7
2.2
-6. 0
2.5
15.4
4.8
-10.9
33.6
34.0
85.0
Total of credit akt. instru
aents, deposits, and currency 48
49
50
51
-2.1
5.0
.1
•7
69.8
-.1
-86.3
-16.5
4.7
2.8
49.2
-.2
36. 1
2.9
-101. 1
196.2
11.9
3.6
40.3
15.9
56. 1
—2. 1
-4.7
-123.5
22.0
-11.5
-709.9
-198.2
-21.4
Public holdings as I of total 49
Pvt. finan. interaediation (*) 50
51
Total foreign funds
Corporate Eguities Mot Included Above
1
2
3
4
5
1.1
*
♦
-.3
1.1
♦
*
2.2
.2
2.0
1.4
-.3
1.7
3.6
1.5
2.1
1.9
-.5
2.4
2.0
.1
2.0
2.0
-. 1
2.1
-.3
•6
•3
-2. 1
2.1
-1.2
1.2
-1u. 7
13.0
-10.6
12.0
.7
2.9
-18.2
20.1
-14.9
16.9
27. 1
-25.1
-.3
BILLIONS Of OOLLARS. QUARTERLY DATA ALE SEASONALLY AOJUSTEO ANNUAL RATE
Total net issues
Mutual fund shares
Other eguities
1
2
3
Acg. by financial institutions
Other net purchases
4
5
SEPTEHBEB 23, 1985
Households
Households
Sector Stateaents of Saving and Investnent
BEVISIOMS FBOH JOBE, 1985
BEVISIOMS FBOH JUNE. 1985
1980
1981
1982
1983
1984
1
1
I
1984
II
III
I
jI
IV
1985
I
II
Households , Personal Trusts, and MooproJfit Organ! xations
2.7
1.3
•8
-2.8
-8.7
.9
-.5
*
-2.6
-.2
3.7
.1
2.9
.1
3
4
5
6
7
8
3
*
♦
+
= Met saviag
♦ Capital consuaption
3 Gross saving
9
10
11
12
13
14
15
16
Disposable personal incoae
Personal outlays
Personal saving, MIA basis
Credits froa govt, insarance
Capital gains dividends
Met durables in consuaption
.8
-2.8
-8.7
.9
-.4
-2.8
3.8
3.0
-14.5
.8
-2.8
-8.7
.9
-.4
-2.8
3.8
3.0
-14.5
.4
16.2
-2.7
-18.6
19.9
16.2
-.5
-.5
-15.2
-.1
-. 1
24.0
.6
.6
54.7
♦
♦
36.7
-.9
-1.2
.3
Gross investaent
Capital expend, net of sales
Besidential construction
Consuaer durable goods
Monprofit plant and eguip.
.4
-3.8
16.2
7.9
-2.7
-6.3
-18.6
-14.4
19.9
23.5
16.8
26.3
-15.2
-23.0
23.5
36.9
54.7
54.0
37.5
43.6
17
Met financial investaent
Met acg. of financial assets 18
4.8
-4. 1
-4.3
14.2
7.6
-27.7
30.3
46.6
99.6
Dep. ♦ cr. akt. instr. (1)
19
-3.8
-3.8
*
.4
.4
*
3.8
3.4
.4
2. 1
2.6
23. 1
-1. 1
36.0
-11.9
-21.8
-5.2
-22.2
5.6
7.5
14.8
-10.0
2.7
-.3
1.8
-3.8
1.7
Deposits
Checkable dep. ♦ curr.
Saall tiae * svgs.dep.
Large tiae deposits
Hopey aarket fund shrs
20
21
22
23
24
Credit akt. instruaents
U.S. Govt, securities
Tax exeapt obligations
Corporate * fga. bonds
Hortgages
Open-aarket paper
25
26
27
28
29
30
9
16
17
18
1
2
1.4
1. 1
.3
-16.0
.9
.3
10
11
12
13
14
15
Personal incoae
- Personal taxes and nontaxes
-6. 1
#
56.4
13.7
61.0
-18.3
*
-5.3
-4.2
8.6
6.5
.6
4.2
-2.7
-4.6
-5.4
-3.8
9.1
-4.0
-.5
-8. 1
-8.5
1.3
-11.3
7.7
2.7
12. 1
.5
8.0
-3.5
7.4
-.2
-15.5
-30.6
14.8
-12.5
3. 1
9.8
-6.0
-.7
20.4
-34.9
9.2
.1
22.8
.7
-.4
11-2
14.8
-3.5
46.9
32.7
-2.9
22. 1
2.4
-7.3
43.3
-15.2
-11.6
30.9
10.9
28.3
-.3
.3
2.1
1.2
.2
12.8
-.3
12. 4
1.5
1.2
-.5
20.3
.1
17.2
-. 1
-24.7
Hutual fund shares
Other corporate eguities
31
32
34
-.2
1.1
-2.9
-9.8
-2.8
5.0
-2. 1
17.4
-3.6
7.5
-3.6
-3.5
-2. 1
-1.5
-1. 1
-11.0
Life insurance reserves
Pension fund reserves
33
34
35
2.8
1.7
*
-1.8
.4
-1.4
-.9
.8
1.4
-6.2
-1.0
-7. 1
-1.0
-.6
6. 1
-7.1
-1.0
.1
-4.7
-1.5
6.4
-11.9
-.9
-17.9
-1.4
.2
Met inv. in noncorp. bus. , 35
Security credit
36
Hiscellaaeoas assets
37
38
39
40
41
42
-4.2
-4.2
-2.9
-1.6
-8.4
-8.3
-4.3
-3.9
-3.6
—4. 1
-2. 1
-.9
4.2
15.0
6.9
8.5
3.6
7.8
9.3
9.5
8.8
11.9
-7.8
6.0
2.8
13.4
15.8
19.5
-.7
.5
3. 1
6. 1
8.3
12.9
43
44
45
46
.2
.2
-1.4
-.9
-1.5
-2. 1
-1.1
-1.6
.4
*
-1.4
-.6
*
-. 1
-2. 1
-. 1
4.9
-.1
-1.4
-.1
-1.3
-.1
-3.0
-.1
-. 1
.5
-10.8
20
21
22
23
24
-.5
*
25
26
27
28
29
-6.1
3.4
30
31
32
33
36
37
47
48
49
-.4
-15.4
-.1
9.9
-2.6
1.9
-11.8
-.4
*
-1.7
-1.6
-1.2
-2.0
-2.0
-1.2
-.5
-19.0
-16.7
12.4
-20.3
-51.7
-51.2
Met increase in liabilities
Credit aarket instruaents
Hoae aortgages
Installaent cons, credit
Other consuaer credit
Xax-exeapt debt
Other aortgages
Bank loans n.e.c.
Other loans
Security credit
Trade debt
Hiscellaneous
Discrepancy
38
39
40
41
42
43
44
45
46
47
48
49
50
(1) Excludes corporate eguities.
Heaoranda:
51
52
53
54
55
56
-2.9
2.9
-4.3
4.3
-2.1
2.1
6.9
-6.9
9.3
-9.3
-.5
-.1
•6
♦
-.5
-.1
•6
♦
-1.2
-. 1
-1.1
11.9
-12.4
2.8
-2.8
19.5
-18.9
3.1
-3.0
12.9
-14. 1
.3
57
58
59
.3
-1.6
1.6
60
61
-3.9
3.9
-.9
.9
8.5
-8.5
.3
62
63
64
Met physical investaent:
(A) Besidential construction
Expenditures
Hobile hoaes
Other
- Capital consuaption
- Hoae aortgages
3 Excess net investaent
51
52
53
54
55
56
(B) Consuaer durables
Expenditures
- Capital consuaption
3 Met investaent
57
58
59
- Consuaer credit
- Excess net investaent
60
61
(C) Monprofit plant and eguip.
Expenditures
- Capital consuaption
3 Met investaent
62
63
64
Per cent ratios:
Effective tax rate
Saving rate, MIA basis
65
66
65
66
Per cent of disposable incoae adj. (2):
68
69
70
71
i
Gross saving
67
Capital expenditures
Acguisition of fiaan. assets
Met increase in liabilities
Credit narket borrowing
68
69
70
71
.4
-2.8
3.8
3.0
-13.7
(2) Disposable incoae adj.
72
(Mil disposable incone ♦ govt, insurance credits * capital gains divid.)
BILLIOBS OF DOLLABS. QUARTERLY DATA ABE SEASONALLY ADJUSTED AMMUAL BATE
SEPTEHBEfi 23, 1985
Nonfinancial Corporate Eusiness
Bonfinancial Corporate Easiness
59
Sector Stateaeats of Saving and Investaent
REVISIONS FROH JUNE, 1985
1980
1981
BBVISIOIS FBOH JOBE, 1985
1982
1983
1984
1
i
II
III
IV
|I
I
II
Nonfinancial Corporate Business, Excluding Paras
1
2
3
4
•2
1.0
*
-.7
Profits before tax
- Profit tax accruals
- Doaestic net dividends
- Doaestic undist. profits
5
6
7
8
—.2
-.3
6.8
5.5
*
♦
♦
=
9
10
11
12
13
14
15
16
17
18
19
-2.4
*
*
-7.0
*
*
20
21
-2.4
-7.0
.5
22
23
24
25
26
-3.5
27
28
29
-3.5
30
31
32
33
34
35
36
37
38
Capital consuaption adj.
Depreciation charged, NIPA
Earnings rec. froa abroad
U.S. internal funds, book
5
6
7
8
-9.4
.4
-3.5
* Fgn. earnings ret. abroad
♦ inv. valuation adjustaent
- Total internal funds ♦ IVA
9
ID
11
Gross investaent
Capital expenditures (1)
Fixed investaent
Plant and eguipaent
Boae construction
Hulti-faaily residential
Inventory change ♦ IVA
Hineral rts. froa U.S. Govt.
12
13
14
15
16
17
18
19
4.8
. 1
. 1
-. 1
V
*
6.6
1.2
• 1
.9
-.3
*
-.2
-.4
♦
-7.9
-.3
*
11.7
-2.2
-4.2
-4.3
. 1
*
. 1
1. 1
*
-.3
*
-.4
*
-.4
.1
2.0
-7.6
-4.2
4.7
-14.8
-.2
4.6
5.5
-4.3
1.2
8.4
.2
12. 1
-7.6
2.3
13.9
-18.0
-.4
3.7
.3
-.8
-1.5
-2.0
-3.9
-3.5
-11.8
-8.0
-2. 1
.8
-3.8
.6
5.7
1.2
-.1
-10.3
-3.5
1.6
2.8
2.2
1.4
.4
7.3
-22.0
-.2
-2.4
4.0
-5.5
Liguid assets
Deaand dep. and currency
Tiae deposits
Security BP’s
Foreign deposits
22
23
24
25
26
-4.2
1.1
.5
-3.3
-5.3
4,2
.©
-12.6
-19.2
1.3
-1.7
3.6
-3.2
1.4
U.S. Govt, securities
Tax exeapt obligations
Coanercial paper
27
28
29
.5
.8
17.6
-10.7
•1
.4
-.4
.5
-14.8
20.8
5.9
5.9
-2.6
3.6
11.6
-6.6
*
-6.6
4. 1
1.0
-1.0
-4.9
.2
-5. 1
♦
♦
-7.6
*
♦
3.5
*
V
1.7
-.8
♦
-. 1
. 1
-. 3
-1.4
-2.9
.3
V
.3
.7
-3.0
-11.0
.5
.5
-.2
3.3
5.5
-1.1
.7
-1.8
-.8
1.0
6. 7
.3
-3.8
-3. 4
-.4
. 5
1.2
1.4
.8
.3
3.5
-.8
-3.2
-10.7
5.6
3.7
-12.0
13.5
17.4
3.5
39
40
41
2.4
2.4
7.5
.5
3.4
1.9
-19.5
-4.9
4.8
5.9
-9.7
-11.0
7.2
-3.2
11.9
17.0
9.8
20.9
-31.9
-5.4
42
43
44
2.4
.5
1.9
-4.9
5.9
-11.0
-3.2
17.0
20.9
.3
5.3
-14. 4
5.4
8.7
21.4
-5.4
4.0
-4.4
2.4
.5
-.6
-.4
2.5
-4.8
2.0
-. 1
Consuaer credit
Trade credit
Hiscellaneous assets
Foreign dir. invest.
Bguity, etc.
Betained earnings
insurance receivables
36
Eguity in sponsored ags. 37
38
Other
Bet increase in liabilities
Bet funds raised in akts.
Met nev eguity issues
-2.4
*
3. 7
4.9
-1. 2
.5
8.2
1.8
2.6
-.8
2. 1
-7.0
-.2
.4
-.5
-.2
-10.9
.1
.8
-.7
-2.9
-12.9
-10.7
-9.4
-1.3
59
2.4
7.0
7.6
-4.8
.1
-6.6
-.9
.2
7.9
-15. 1
-3.2
-4.0
12.3
5.7
-.2
6. 8
1-9
9.4
-.7
-7.8
-2.5
14.5
.4
13.9
1.3
.5
5.4
1.9
4.5
.3
-5.2
-20.4
5.3
.7
-1.8
-14.4
3. 4
1.0
5.4
-8.6
.1
8.7
8.3
3.4
21.4
-.5
-11.6
-.4
-4.9
-20.7
Discrepancy
Henorandun iteas:
Trade credit net of trade debt
Profits tax payaents
Debt subtotals:
Securities and nortgages
Loans and short-tera paper
Total short-tera liab. (4)
Per cent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. akt. borroving/cap. exp.
65
66
67
73
*
.1
*
V
*
. 1
*
49
50
51
52
53
Profit taxes payable
54
Trade debt
55
Fgn.direct invest, in U.S. 56
Eguity, etc.
57
58
Betained earnings
-2.4
1.3
2.2
-.8
*
45
46
47
48
Bank loans n.e.c.
Coaaercial paper
Acceptances
Finance coapany loans
U.S. Governaent loans
-15.2
.6
1.9
-1.3
*
Hortgages
Hoae aortgages
Hulti-faaily
Coaaercial
-10.0
8.6
4.4
-4.9
-3.0
2.6
-1. 1
*
-1. 1
71
72
42
43
44
6.9
-1. 1
-1.4
.2
-5.0
4.9
2.0
2.9
-.8
68
69
70
Debt instruaents
Tax-exeapt debt (3)
Corporate bonds (2)
6.5
-1.9
.7
2.9
*
1.0
-1.0
2.4
2.4
1. 1
-.3
-.4
-.4
1. 1
-.3
-.4
-.4
1. 2
— .3
-.4
-.3
1. 2
-.3
-.4
2.0
.4
1.5
(1) Capital outlays on book basis:
Inventory change, NIPA
Less: Inv. val. adjustaent
Inventory change before IVA
-2.7
5.5
Financing gap:
-.3
-8.2
Total cap. expend, before IVA
U.S. internal funds, book
Excess of capital expenditures
over U.S. internal funds
(2) Corporate bonds include net issues by Betberlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting reflovs of
capital froa Betberlands Antilles subsidiaries* foreign financing.
(3) Industrial revenue bonds.
Issued by state and local governaents
to finance private investaent and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except aortgages), short-tera paper, profit taxes payable, and
trade debt. Includes loans due in aore than one year and excludes
current naturities of securities and aortgages.
BILLIONS OF DOLLARS. QUARTERLY DATA AfiE SEASONALLY ADJUSTED ANNUAL BATE
39
40
41
-2.4
-4.0
-3.3
1.0
-1.3
60
61
30
31
32
(2) 33
34
35
-3.0
6. 6
4.0
-4. 1
54
55
56
57
58
62
63
64
20
Het financial investaent
Net acg. of financial assets 21
*
V
45
46
47
48
49
50
51
52
53
1
2
3
4
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
SEPTEMBBB 23, 1985
Total Claias
Total Claias
Total Financial lssets aad Liabilities
60
BBVXS10BS PBOB 4011. 1985
BETISIOIS FBOH JOBE, 1985
1980
1981
1982
1981
1984
|
|
X
1984
IX
XXX
XI
|
1
1985
I
XX
Total Bet Borrowing aad Leading ia Credit Barkets (1)
1
-9.8
-4.0
1.4
7. 1
21.8
-9.7
-20.6
10.9
8.3
-6.9
23.9
-5.4
-9.0
4.0
-2.5
-4.0
.5
3.5
-5.9
2.2
2.3
-1.7
8.5
-1.8
•2
-1.4
-3.4
3.6
-.9
10.7
2.0
-2.5
3. 1
1.2
2.1
-1.2
-1.0
-9.6
.3
-1.9
11.7
.3
.8
-6.7
-.3
16.2
-16. 1
a
Poreiga kprr. ia O.S.
Piaagcial sectors
Sponsored credit ageacies
Mortgage popls
Coaaercial baaks
Bagk affiliates
Saviags aad loss assns.
Piaaace coapanies
fieits
21.8
2. 1
27.1
46.6
11.2
3.0
.7
-8.1
. 1
1.2
7.5
13.4
12.1
a
-3.5
4.8
-4.6
-15.5
--9
-3.5
15.2
11.3
-6.0
.4
3.3
13.6
25.5
22.8
.4
4.7
-2.4
21.5
46.9
.2
-18.4
-7.2
27.6
43.3
-1.4
-13.8
-.4
4.7
a
a
.4
-1.6
4.0
.3
•8
.7
6.5
.«
-9.6
-7.6
5.7
-6.5
2.3
.3
6.3
.4
9.5
.6
.5
2.5
-2.4
.5
-7.0
14.2
.8
2.3
-3.4
14.5
.8
.2
13.8
6.9
3.3
-.9
-3.3
2.0
2.0
7.4
9.8
-1.5
-1.7
—2. 1
-5.2
-2.4
.2
21.5
7.8
•6
-1.0
5.9
8.2
10
11
12
13
14
15
16
17
18
a
-5.2
a
4.9
a
7.2
a
-5.4
1.1
-.8
-6.9
1.7
5.4
-.5
7.2
a
.7
-5.7
-.5
-1.4
.1
19
-9.8
-4.0
1.4
7.1
20
21
22
23
24
-9.7
-6.1
2.2
8.6
-3.5
-.1
-4.2
—2.2
-5.6
-4.6
a
1.0
-2.0
25
26
.1
a
-.1
a
27
28
29
30
-.2
a
-6.1
a
.5
31
32
33
34
35
46
47
48
49
50
51
-.4
-.4
Total fet borrowing
ia credit aarkets
16.0
.8
15.2
.5
.1
-S.4
20.9
-1.0
21.5
12.5
15.0
.1
1.3
-4.9
.9
.2
.4
-.2
3.0
39.8
8.6
31.2
15.8
-.3
1.6
17.0
-2.9
12.5
-5.8
-4. 1
.3
1.5
1.9
-5.4
41
42
43
44
45
11.2
29.5
8.4
21.1
6.0
1.8
-5.9
-3.2
22.5
-5.8
-8.9
-8.3
.1
-1.8
.5
.6
-.2
46.6
•6
-17.8
18.4
8.8
•7
5.7
-11.0
14.2
-8.9
—4.6
-4.2
*
-2.7
2.4
36
37
38
39
40
27.1
Doaestic aoafiaaa. sectors
G.S. Goveraaent
Frivate doaestic
leaseholds
Bara basiaess
loafara aoncorp. has.
Corporate kasiaess
Stateelocal goveraaeats
-4.6
2
3
0
5
6
7
8
9
2.1
-6.2
-.3
-.3
-.1
a
2.0
.1
.3
-1.4
.3
Totai set lgadiag
ia credit aarkets
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Frivate doa. aoafip. sectors
Boaseholds
fiogfara aopcorp. business
Corporate kasiaess
State a local goveraaeats
20
21
Poreiga
O.S. Goveraaeat
25
26
-23.9
-1.2
3. 1
-8.4
Pinagcial iastitutiogs
Sponsored credit ageacies
Mortgage pools
Federal reserve systea
27
28
29
30
4.3
5.2
14.0
8.4
3. 1
-.9
5.6
Coaaercial hanking
Coaaercial bagks
Bank affiliates
Poreiga bankiag offices
Baaks ia O.S. pass.
31
32
33
34
35
Frivate aoabaak fiaaace
Saviags iastitatioas
Savings ♦ loaa assns.
Mataal saviags hanks
Credit aaioas
36
37
38
39
40
22
23
24
6.0
3.7
3.7
a
6.4
-2.1
-2.3
.2
4.0
.9
-2.0
2.4
16.1
-5.3
-5.1
-.1
1.8
-7.0
-5.7
-1.3
3.5
3.5
3.6
-.2
-31.5
19.9
12.4
7.6
-4.7
-.6
-1.1
-3.0
10.1
4.4
-.1
-1.2
11.5
S.O
5.2
1.0
.3
18.4
4.5
.9
6.8
6.2
6.3
4.0
-2.4
3.2
1.5
4.4
4.2
-3.7
4.1
—.2
-36.5
-1.6
—2.2
—33.1
.3
Iasaraace sector
Life iasaraace cos.
Private peasiog feeds
St.aloe.govt.rtr.fends
Other iasaraace cos.
43
44
45
-6.1
-6.1
3.3
2.9
.6
6.9
.9
.3
-7.8
-4.1
.6
3.0
-1.8
.5
2.5
4.8
.5
a
-.2
5.6
-1.7
•2
.5
.2
-.6
-2.0
-4.4
4.3
-2.8
-4.4
1.8
•4
.8
-2.3
-5.0
-14.9
-8.1
.5
-4.9
2.1
-4.5
finance a.e.c.
Figaace coapaaies
Beits
Batnal fuads
Boaey aarket foods
Brokers aad dealers
46
47
48
49
50
51
. 1
a
3.8
1.9
41
H2
(1) Bxclades corporate egaities.
Total Liabilities aad Their Be la ti ob to> Total Piaaacial assets
1
-9.8
-4.0
1.4
7.1
21.8
2.1
27.1
46.6
11.2
2
3
.4
4
5
6
7
8
9
10
11
12
.4
-1.9
-1.7
•4
30.5
-37.3
60. 1
a
-4. 1
17.2
-5.5
Deposits at financial iasts. 4
Checkable deposits
5
Saall tiae ♦ saviags dep.
6
Morey aarket fond shares
7
Large tiae deposits
8
Secorityr BP’s
9
Poreigg deposits
10
-19.4
-.6
-22.7
8.5
20.8
-9.2
2.8
-10.9
-2.2
2.2
5.1
-2.6
1.4
a
1
2
3
16.0
-1.7
-3.8
a
7.7
6.5
7.3
6.4
-18.5
35.7
2.8
let floes through credit aarkets (fros
preceding table)
3.0
Other fiaagcial sources:
Official foreign exchange
-.7
Treasary carr. and SDB ctfs.
.6
-.2
1. 1
—2.9
-9.8
-2.8
5.0
-2. 1
17.4
-3.6
7.5
-3.6
-3.5
-2.1
-1.5
-1. 1
-11.0
Life iasaraace reserves
Fensioa faad reserves
13.4
3.6
-15.1
9.0
.5
6.1
8.7
-8.6
1.9
-6.5
-6.7
2.1
.1
-21.6
-2.7
2.0
-10.7
-10.2
-.3
6.4
-29.8
-16.8
2.0
-8.8
-10.8
-2.9
-17.9
-58.3
latesbank claias
13
14
Corpgrate egaities
Security credit
15
Trade debt
16
Profit taxes payable
17
Boeccrp. .proprietors’ eguity 18
Miscellaneous
19
37.9
8.7
-21.6
-92.4
13
14
15
16
17
18
19
-.3
1.1
-. 1
4.9
a
.9
2.7
a
-11.7
-14.7
2.0
2.2
-8.8
-2.0
2.8
a
1.7
-2.9
-1.8
-12.6
-1.4
4.5
1.4
-14.5
5.8
1.4
-2.7
-.3
-2.4
-7.1
-15.2
20
-7.5
1.8
-12.3
-25.6
7.1
3.3
21
22
23
3.2
a
4.1
a
-12.1
a
-7.7
.3
•6
-8.6
1.9
-6.6
-11.6
-1.9
.6
5.2
-.3
5.2
-16.0
-11.4
<6
-13.2
-5.6
-1.7
-.5
-4.3
.4
-7.7
-.2
26.5
8.8
-2.3
-.4
-25.2
-3.7
5.5
.2
-26.5
•6
-6.7
17.1
-2.7
-39.5
22.9
35.1
23.8
14.0
-37.3
24
25
26
27
28
-4.9
-3.1
-4.4
13.8
-1.5
-.2
-7.4
29
-2.6
1.7
-12.1
-27.3
23.9
BILLIOIS OF
OOLL1BS. .QGIBTEBLI DiTl IBB SB1SOB1LLI 1OJGST1D kMOBL B1TB
Total fiaagcial sources
- Ploats aet incl. ia assets
Deaaad dep.: S.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasary carreacy
Interbank claias
Secarity BP’s
Profit taxes payable
Miscellaneous
Totals allocated to sectors
as assets
11
12
20
21
22
23
24
25
26
27
28
29
SEPTEHBEB 23, 1985
Credit Harket Deht
Credit Harket Debt
Suaaary of Credit Harket Debt Cutstanding
61
YEAB-END OUTSTANDINGS ($ BILLIONS)
1973
1974
1975
1976
IEAB-END OUTSTANDINGS (S BILLIONS)
1977
1978
1979
1980
1981
1982
1983
1984
Credit Harket Debt Oaed by Noafiaancial Sectors
1
1919.1
2094.2
2288.8
2532.6
2854.1
3196.6
3582.0
3909.5
4280.5
4669.2
5208. 1
Total credit aarket debt owed by
5963. 1 doaestic aonfinaa. sectors
2
3
4
349.1
339.4
9.6
360.6
351.5
9.4
446.3
437.3
8.9
515.8
506.4
9.3
572.5
564.1
8.4
626.2
619.2
7.0
663.6
658.0
5.6
742.8
737.8
5.0
830.1
825.6
4.5
991.4
987.7
3.7
1177.9
1174.4
3.6
1376.8
1373.4
3.4
O.S. Goveraaeat
Treasury issues
Agency issues ♦ aortgages
2
3
4
5
1570.1
1733.4
1842.6
2016.9
2281.5
2572.6
2918.5
3166.8
3450.3
3677.9
4030.2
4586.3
Private doaestic
noafiaancial sectors
5
6
7
8
1072.8
191.2
207.5
1173. 1
207.7
227.1
1275.8
223.6
254.3
1399.4
239.5
277.2
1572.3
262.9
300.0
1752.7
291.3
321.2
1962.6
321.6
338.5
2149.2
351.9
365. 1
2302.4
375.2
366.9
2444.2
423.9
405.5
2693.3
481.2
421.6
3013.9
547.0
463.8
9
10
11
12
13
674.1
410.8
91.4
130.7
41.3
738.3
447.9
98.3
145.6
46.3
797.7
490.0
98.9
157.9
50.9
882.8
553.8
102.7
169.6
56.6
1009.4
647.8
109.8
188.0
63.6
1140.3
739.3
119.5
210.5
71.0
1302.8
857.0
127.9
235.0
82.8
1432.2
950.9
135.0
254.2
92.1
1540.3
1027.2
134.9
276.2
102.0
1614.8
1069.7
138.4
299.4
107.3
1790.5
1185. 3
147.9
347. 1
110.3
2003.2
1323.5
161.7
405.6
112.3
Hortgages
Hoae aortgages
Hulti-faaily resid.
Coaaercial
fare
9
10
11
12
13
14
15
16
17
18
497.3
195.4
203.7
13.1
85.1
560.3
228.3
213.6
19.8
98.6
566.7
217.7
223.2
17.2
108.7
617.4
222.0
248.6
21.2
125.6
709.2
246.9
289. 1
24.3
148.9
819.9
284.5
337.9
25.4
172.1
955.6
333.9
383.4
36.5
201.6
1017.6
370.9
376.1
41.7
226.8
1147.9
425.3
398.9
60.9
262.8
1233.7
478.8
420.8
57.3
276.7
1336.9
505.5
480.6
55.7
295.0
1572.4
585.6
577.1
79.4
330.2
Other debt instruaents
Bank loans n.e.c.
Consuaer credit
Open-aarket paper
Other
14
15
16
17
18
19
20
21
1570.1
193.3
670.9
1733.4
207.9
72 5.5
1842.6
220.2
778.8
2016.9
233.5
871.2
2281.5
245.5
1012.2
2572.6
262.0
1161.9
2918.5
279.6
1338.0
3166.8
296.9
1446.4
3450.3
303.6
1570.4
3677.9
329.6
1654.3
4030.2
367.2
1844.8
4586.3
412.2
2094.0
By borrowing sector:
State ♦ local governaents
Households
19
20
21
22
23
24
25
705.9
66.9
177.7
461.3
600.0
74.7
197.8
527.4
843.5
83.2
211.9
548.5
912.2
93.4
227.3
591.5
1023.9
105.6
255.6
662.6
1148.7
120.4
287.2
741.1
1300.8
141.8
322.6
836.5
1423.5
156.1
353.1
914.2
1576.3
172.5
386.2
1017.6
1693.9
180.4
423.4
1090.1
1818.2
184.9
488.6
1144.7
2080. 1
187.8
565.9
1326.4
Nonfinancial business
fara
Nonfara noncorporate
Corporate
22
23
24
25
26
27
28
29
30
67.0
17.0
12.5
4.2
33.4
79.8
19.1
16.5
11.4
32.8
91.2
25.3
18.5
11.7
35.7
110.6
33.9
24.1
13.6
39.0
123.9
38.9
27.1
16. 1
41.8
161.9
43.1
46.4
26.6
45. 7
162.4
47.0
48.7
37.8
49.0
209.6
47.8
60.2
48.0
53.6
236.9
53.3
64. 1
61.9
57.7
226.3
59.9
29.4
74.9
62.1
245.2
63.7
34.3
80.9
66.3
246.3
67.7
26.5
82.3
69.8
Foreign credit aarket dent
held in U.S.
Bonds
Bank loans n.e.c.
Open-aarket paper
U.S. Governaent loans
26
27
28
29
30
31
1986.2
2174.0
2380.0
2643.2
2976.0
3360.7
3764.5
4119.1
4517.4
4895.6
5453.3
Debt capital instruaents
Tax-exeapt obligations
Corporate bonds
6209.4 Total nonfinan.doaestic ♦ fgn
1
6
7
8
31
Credit Harket Debt Owed uy Financial Sectors
Total credit aarket debt owed
by financial sectors
1
194.0
232.6
239.9
26 1. 1
307. 1
380.6
464. 1
521.8
610.8
689.7
775. 1
905. 1
2
3
4
5
77.9
59.8
18.0
98.6
76.4
21.5
.7
108.9
78.8
28.5
1.6
123. 1
81.2
40.7
1.2
145.5
88.2
56.8
.5
182.6
111.3
70.4
.9
231.8
135.5
94.8
1.5
276.6
159.9
114.0
2.7
324.0
190.4
129.0
4.6
388.9
205.4
178.5
5.0
456.7
206.8
244.9
5.0
531.2
237.2
289.0
5.0
U.S. Governaent-reiated
Sponsored credit ag. sec.
Hortgage pool securities
Loans froa U.S. Governaent
6
7
8
9
10
11
116.2
37.4
1.5
29.5
32-7
15.1
134.0
40.5
1.6
33.6
36.5
21.8
131.0
43.7
2.0
29.9
37.5
17.8
138.0
53.6
2.4
26.4
39.7
15.9
161.5
63.7
2.4
26.0
49.2
20.2
198.0
71.2
2.0
28.3
63.9
32.7
232.3
79.0
2.0
27. 7
81.8
41. 8
245.2
80.8
1.9
26.9
86.6
49.0
286.8
84.3
1.9
27.7
107.6
65.2
300.8
94.0
2.0
29.6
109.2
66.0
318.5
102.8
2. 1
29.5
125.2
59.0
373.9
121.3
2.0
30.4
145.5
74.6
Private financial sectors
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Eank Ioans
12
13
14
194.0
59.8
18.0
232.6
77.1
21.5
239.9
80.3
28.5
261. 1
82.4
40.7
307.1
88.7
56.8
380.6
112.2
70.4
464. 1
137.0
94. 8
521.8
162.6
114.0
610.8
195.0
129.0
689.7
210.4
178.5
775.1
211.8
244.9
905.1 Total, by sector
242.2
Sponsored credit ageacies
289.0
Hortgage pools
12
13
14
15
16
17
18
19
20
116.^
4.1
10.0
17.1
70.7
14.4
134.0
4.3
14.4
23.3
76.2
15.8
131.0
4.5
15.0
19. 1
76.7
15.7
138.0
5.2
20.4
17.4
81.2
13.8
Io1.5
5.7
22.4
24.3
97.9
11.3
198.0
5.9
29.5
37.8
120.3
4. 6
232.3
6. 1
36.0
50.3
135.4
4.4
245.2
6.3
42.9
57.8
134.3
3.9
286.8
6.2
51.2
73.4
152.3
3.7
300.8
6.8
53.3
75.9
161. 1
3.7
318.5
6.6
61.9
73.9
172.7
3.5
373.9
10.1
72.8
93. 2
194. 1
3.6
Private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
15
16
17
18
19
20
1
2
3
4
5
6
7
8
9
10
11
Total Credit Harket Debt Outstanding, All Sectors, by Type
1
2180.2
2406.7
2619.9
2904.3
3285.0
3741.3
4228.6
4640.9
5128. 1
5585.3
6228.4
7114.4 Total credit aarket debt
2
3
4
5
425.7
191.2
261.9
676.9
457.6
207.7
286.7
741.1
552.5
223.8
323.4
800.8
636.7
239.5
364.6
886.2
716.7
262.9
402.6
1012.7
807. 1
291.3
435.4
1143.0
893. 2
321.6
464.4
1305.4
1016.1
351.9
493.7
1434.6
1149. 1
375.2
524.5
1542.7
1375.0
423.9
559.4
1617.2
1629.4
481.2
588. 1
1792.8
1902.8
547.0
652.9
2005.3
6
7
8
9
203.7
237.3
50.0
133.7
213.6
278.4
67.6
153.9
223.2
266.1
66. 4
163.8
248.6
272.5
74.6
181.6
289. 1
302.1
89.5
209.4
337.9
359.2
115.9
251.3
383.4
410.3
156.2
294. 1
376. 1
457.9
176.3
334.1
398.9
517.2
230.3
390.3
420.8
537.9
241.4
409.8
480.6
569.3
261.8
425.3
577. 1
642. 6
307.2
479.6
1
U.S. Governaent securities
Tax-exeapt obligations
Corporate and foreign bonds
Hortgages
2
3
4
5
Consumer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
6
7
8
9
Heno:
10
11
12
13
29.5
2o4.2
46.6
901.4
24.7
211.3
35. z
641.7
28.5
223.6
43.0
849.5
41.1
243.0
46.5
1005.5
43.4
271. 1
45.4
950.0
44.6
332. 1
45.8
982.5
46.7
392.9
51.2
1179.5
59.2
440. 1
63.5
1572.3
60.0
475. 7
63.8
1505.0
67. 4
470.6
89.5
1721.1
79.6
513.6
129.3
2022.3
Selected
81.7
548.2
161.2
2022. 1
claias not included above:
Security credit
Trade credit
Hutual fund shares
Other corporate eguities
10
11
12
13
SEPTEMBEB 23, 1585
Credit Market Supply of Funds
Credit Market Supply of Funds
62
Direct and Indirect Sources of Funds to Credit Markets
IEAB-END OUTSTANDINGS (S BILLIONS)
IEAB-END OUTSTANDINGS ($ EIIIIONS)
1973
1974
1975
1976
1977
1978
1979
1980
1981
19B2
1
1919.1
2094.2
2288.8
2532.6
2854.1
3198.8
3582. 0
3909.5
4280.5
4669.2
2
3
4
5
6
290.4
136.6
50.6
15.1
88.0
339.1
146.0
63.8
21.8
107.5
378.8
164.0
79.5
17.8
117.4
428.6
187. 1
91.8
15.9
133.9
508.2
221.9
111.8
20.2
154.3
605.9
253.3
137.5
32.7
182.4
682.8
247.0
174.6
41.8
219.3
779.8
262.8
206.3
49.0
261.7
877.4
279.9
229.8
65.2
302.5
991.4
302.6
290.8
66.0
331.9
1108.8
330.2
367.0
59.0
352.7
7
8
9
10
11
290.4
65.1
82.5
80.6
62.2
33 9.1
72.3
106.7
86.7
73.4
378.8
85.8
118.2
95.3
79.5
428.6
93.8
135. 1
105. 1
94.7
508.2
103.6
158.0
112.2
134.3
605.9
120.6
198.5
119.2
167.6
682.8
140.0
252.9
126.9
163. 1
779.8
163.6
298.5
131.4
186.4
877.4
187.6
346.7
140.5
202.6
991.4
203.4
412.2
150.3
225.4
12
13
77.9
67.0
98.6
79.8
108.9
91.2
123. 1
110.6
145.5
123.9
182.6
161.9
231.8
182.4
276.6
209.6
324.0
236.9
388.9
226.3
1108. 8
1250.8 By type of lender:
213.0
230.0
U.S. Governaent
482.0
Govt.-related ag. and pools
555.3
161.2
Monetary authority
169.6
252.5
295.9
Foreign
Agency and foreign debt not in line 1:
456.7
531.2
Spons. credit ag.+atg. pools
245.2
246.3
Foreign
14
15
16
17
18
19
20
1773.7
289.0
191.2
221.3
452.9
634.4
15.1
1933.5
311.6
207.7
242.3
483.6
710.2
21.8
2110.1
388.5
223.8
275. 1
510.4
730. 1
17.8
2337.7
449.6
239.5
305.6
565.7
793.0
15.9
2615.3
494.7
262.9
329.7
646. 8
901.3
20.2
2937.4
553.8
291.3
353. 1
722. 1
1049.6
32.7
3313. 5
646.2
321.6
371.6
811.0
1205.0
41.8
3615.9
753.3
351.9
390.9
880.0
1288.7
49.0
3964.0
869.2
375.2
409.7
932.7
1442.3
65.2
4293.1
1072.4
423.9
424.5
917.6
1520.8
66.0
1983
1984
Total credit uarket debt claias against
5208.1 5963.1
doa. nonfinancial sectors
1
By Federal agencies and foreign
1250.8 Total held
366. 1
U.S. Governaent securities
423.5
Besidential aortgages
74.6
FHLB advances to s*l<s
ether loans and securities
386.5
2
3
4
5
6
7
8
9
10
11
12
13
Private doaestic holdings
4801.2
1299.2
481.2
439.4
966.5
1673.8
59.0
5489.8 Total private holdings
1536.7
U.S. Governaent securities
Tax-exeapt obligations
547.0
469.4
Corporate ♦ foreign bonds
Besidential aortgages
1061.8
1949.6
Other aortgages and loans
74.6
Less: FHLB advances
14
15
16
17
18
19
20
Private financial internediation
Credit aarket claias held by
private finan. institutions
Ccanercial banking
Savings institutions
Insurance and pension funds
Other finance
21
22
23
24
25
1496.0
652.9
371.6
355.0
116.5
1629.4
720.0
396.4
390.8
122.2
1763.6
749.4
447.4
442.6
124. 1
1959.0
809.2
515.8
498.5
13S.5
2222.4
897.0
594.3
571.6
159.6
2540. 7
1025.4
667.1
661.0
187.2
2855.1
1146.3
723.8
746.6
238. 4
3124.7
1246.8
778.7
841. 1
258.1
3441. 1
1349. 1
806.6
937.8
347.6
3692.1
1427.9
825.5
1045.3
393.4
4071.3
1563.9
966.0
1139.5
401.9
4625.2
1746.2
1107.5
12u2.6
509.0
26
27
28
1496.0
905.0
11©.2
162 9.4
968.0
134.0
1763.6
1062.9
131.0
1959.0
1185.9
138.0
2222.4
1324.8
161.5
2540.7
1467.4
198.0
2855.1
1603.5
232.3
3124.7
1777.6
245.2
3441.1
1989.6
286.8
3692.1
2156.8
300.8
4071.3
2362.2
318.5
26
4625.2 Sources of funds
2649.7
Private doaestic dep. ♦ BP’s 27
28
373.9
Credit aarket debt
29
30
31
32
33
474.8
28.4
9.9
287.2
149.4
527.4
38.7
4.8
328.5
155.3
569.7
30. 1
3. 1
367.7
168.8
635. 1
25.6
3.0
407.5
199. 1
736. 1
27.6
7.3
463.0
238. 1
875.3
34.2
14. 1
534.2
292.9
1019.3
61.5
14.5
606. 1
337. 1
1101.9
39.8
11.9
688.8
361.4
1164.8
31.2
10.8
780.5
342.4
1234.5
-18.3
16.9
882.5
353.4
1390.7
3.7
11.5
974.8
400.6
1601.6
30.3
15.5
1088.8
467.0
34
35
36
37
38
39
393.8
148.6
59.6
51.5
28.7
105.2
438.2
165.2
69. 1
54.6
33.4
115.9
477.5
183.4
77.5
60.9
30.5
125.2
516.6
196.3
80.8
71.6
30.8
137.0
554.4
219.2
81.5
71.4
34.6
147.7
594.7
257.5
83.6
65.2
42.9
145.5
690.8
311.7
93.7
64. 0
51.4
169.9
736.4
336.3
100.4
53.0
48.2
198.5
809.6
365.8
112. 1
49.3
50.9
231.6
901.9
398.9
140.5
53.5
56.4
252.5
1048.4
487.2
184. 1
47.9
63.0
266.2
1238.4 Credit aarket claias
609.6
U.S. Governnent securities
226.3
Tax-exeapt obligations
Corporate + foreign bonds
46.0
62.0
Open-aarket paper
294.6
Other
34
35
36
37
38
39
40
41
42
970.2
61.8
199.6
1041.0
68.1
201.7
1143.0
74.4
211.0
1275. 1
81.7
221.4
1423.4
89.9
237.8
1578.0
99.2
254.0
1723.5
107. 1
272. 1
1909.1
117.5
281.8
2131.0
126.9
299.7
2305.4
136.6
315.2
2529.9
150.9
338.4
2822.0 Deposits and currency
159.6
Currency
359.6
Checkable deposits
40
41
42
43
44
5©5.3
-
622.7
2.4
720.5
3.7
841.9
3.7
93 5.4
3.9
1001.3
10.8
1060.7
45. 2
1143.6
74.4
1190.6
181.9
1328.8
206.6
1548.3
162.5
1697.5
209.7
Snail tine and savings dep.
Money aarket fund shares
43
44
45
46
47
106.4
13.7
3.3
129.7
11.5
4.9
115.9
11.7
5.8
104.9
14.0
7.4
131.4
16.3
8.7
177.6
23.7
11.4
195. 1
30.3
12.9
240.9
36.9
14.0
277.9
39.4
14.5
263.0
43.3
12.0
255.4
57.5
16.8
331. 1
51.7
U.7
Large tiae deposits
Security BP’s
Foreign deposits
45
48
1364.0
1479.2
1620.5
1791.7
1977.8
2172.7
2414.2
2645.5
2940.6
3207.3
3578.3
49
50
51
14.6
84.3
90.6
15.6
84.3
112.1
15.9
83.6
109.6
16.2
83.8
120.2
17. 1
85.0
162.0
18.0
86.5
201.8
18. 1
86. 2
224. 6
18.9
86.4
226.2
19.4
86.8
233.8
20.3
86.0
207.1
20.3
84.8
256.2
21
22
23
24
25
29
Other sources
30
Foreign funds
Treasury balances
31
Insurance and pension res. 32
Other, net
33
Private doaestic nonfinancial investors
Total of credit aarket instru4060.5
aents, deposits * currency
46
47
48
20. 1 Public support rate (A)
49
84.3 Pvt. finan. internediation (A) 50
326.2 Total roreign funds
51
Corporate Equities Not included Above
1
2
3
948.1
46.6
901.4
676.9
35.2
641.7
892.5
43.0
849.5
1051.9
46.5
1005.5
995.4
45.4
950.0
1028.3
45.8
982.5
1230.7
51. 2
1179.5
1635.7
63.5
1572.3
1568.8
63.8
1505.0
1810.6
89.5
1721.1
2151.5
129.3
2022.3
2183.3 Total aarket value
Mutual fund shares
161.2
20a2. 1
Cther eguities
1
2
3
4
5
208.8
739.3
154. 1
522.7
210.3
682.2
243.0
809.0
232.2
763.2
245.3
783.1
290. 1
940.6
382.8
1253.0
369.6
1199.2
458.5
1352.1
598.9
1552.6
596. 1 Acg. by financial institutions
1587.2 Other holdings
4
5
SEPTEMEEB 23, 1565
Households
Households
63
Sector Stateaents of Financial Issets and liahilities
YEAB-END OOTSTANDINGS ($ BI1IIONS)
1973
1974
1975
1976
YEAB-END OUTSTANDINGS ($ BILLIONS)
1977
1978
1979
1980
1981
1982
1983
1984
Households, Personal Trusts, and Nonprofit Organizations
1
2296.8
2201.0
2558.9
2899.7
3076.5
3347. 1
3827.1
4503.0
4802.2
5344.6
6010.6
6586.7 Total financial assets
2
3
4
5
6
7
1077.9
787.1
156.4
585.3
45.4
1178.2
647.8
163.6
622.6
2.4
59.2
1294.8
940.1
170.4
719.6
3.7
46. 4
1438.9
1062.0
186.2
835.8
3.7
36.4
1596.2
1189.5
205.2
930.9
3.9
49.5
1750.2
1321.5
228.3
996.9
10.8
85.5
1952. 1
1450.4
249.4
1056.9
45.2
98. 8
2151.9
1620.7
264.0
1140.2
74.4
142.0
2409.3
1826.4
295.7
1187.1
181.9
161.7
2613.4
1980.0
312.6
1323.8
206.6
137.0
2866.1
2178.0
355.8
1538.0
162.5
121.7
3294.9
2471.0
364.8
1689.8
209.7
186.7
1
Dep. ♦ cr. akt. instr. (1)
Deposits
Checkable deposits+curr.
Saall tiae ♦ svgs. dep.
Honey aarket fund shares
large tine deposits
2
3
4
5
6
7
8
290.8
330.4
354.7
376.9
406.7
428.7
501.8
531.3
582.9
633.4
708.0
823.8
Credit aarket iastruaeats
8
9
10
11
12
13
108.7
55.2
60.4
34.9
13.4
127.2
111.3
63.3
4 8.0
15.8
138.7
126.2
67.4
58.9
12.5
145.5
129.8
72.0
57.8
15.6
163.4
142.3
76.8
65.5
21.2
188.9
161.6
80.7
80.9
27.3
231.6
186.4
79.9
106.5
45.2
248.4
196.3
72.5
123.8
52.1
279.4
220.6
68.2
152.4
58.8
286.5
234. 1
68.3
165.8
52.4
328.7
273.5
71.5
202.0
55.2
405.3
327.0
74.5
252.5
78.3
O.S. Govt, securities
Treasury issues
Savings bonds
Other Treasury
Agency issues
9
10
11
12
13
14
15
16
17
53.7
51.5
t»3.1
13.8
61.9
54.6
70.0
16.9
66. 1
60.9
76.2
10.9
70. 1
71.6
83.6
6.1
70.1
71.4
91.7
10.0
72.7
65.2
83.8
18. 1
83.2
64.0
98.2
24. 7
89.9
53.0
116.2
23.8
101.4
49.3
136.3
16.5
129.6
53.5
149.6
14.2
171.9
47.9
149.5
10. 1
212.5
46.0
160.4
-.4
Tax-exeapt obligations
Corporate and fgn. bonds
Hortgages
Open-aarket paper
14
15
16
17
18
19
20
705.7
46.6
059.1
498.5
35.2
463.3
646.9
43.0
603.9
766.0
46.5
719.5
723.4
45.4
678.1
741.0
45.8
695.2
692.3
51.2
841. 1
1188.4
63.5
1124.9
1134.6
63.8
1070.8
1275.4
89.5
1185.9
1455.4
129.3
1326.1
1491.3
161.2
1330.2
Corporate eguities
Hutual fund shares
Other corporate eguities
18
19
20
21
22
23
24
151.3
322.8
4.9
34.1
158.4
325.2
3.9
36.8
166.5
405.6
4.5
40.6
175.3
467.2
6.3
46.0
184.8
513.8
5.3
52.9
196.0
592.6
7.8
59.5
206.7
699.6
9.6
66.7
216.4
859.0
14.8
72.4
225.6
941.4
12.7
78.5
232.8
1121.5
16.4
85.3
240.8
1316.4
18.8
93.3
246.0
1436.6
18. 1
99.7
life insurance reserves
Pension fund reserves
Security credit
Hiscellaneous assets
21
22
23
24
25
697.7
752.2
808.0
907.4
1051.7
1205.2
1385.3
1503.8
1630.4
1721.4
1922.5
2169.5 Total liabilities
26
27
28
29
670.9
404.5
155.1
48.6
725.5
442.3
164.6
49.0
778.8
482.9
172.3
50.9
871.2
544.3
193.8
54.8
1012. 2
635.1
230.6
58.6
1161.9
725.8
273.6
64.3
1338.0
644. 8
312.0
71.3
1446.4
940.2
301.4
74.8
1570.4
1019.3
318.2
80.7
1654.3
1060.9
335.0
85.9
1844.8
1171.0
383.7
96.9
2094.0
1306.5
4t>0.5
116.6
30
31
32
33
.4
22.6
13.5
26.z
1.3
23.7
15.2
29.4
2.7
24.8
13.7
31.5
4.7
25.6
14.6
33.4
8.1
26.7
17.4
35.7
10.7
28. 1
19.9
39.5
13.6
29.6
20. 8
45.9
16.7
31.5
27.2
54.7
21. 1
33.8
31.5
65.8
29.6
36.4
33.4
73.2
41.0
36.9
36.7
76.5
51.0
41.4
36.5
79.5
34
35
13.2
7.3
1 1.4
8.3
12. 1
9.4
17.2
10.5
16.5
11.7
19.7
13.2
20.7
14.9
27.2
17.2
25.5
19.8
29.3
22.2
37.7
24.0
34.6
25.8
36
6.4
7.1
7.7
8.4
9.3
10.3
11.7
12.9
14.7
15.5
16. 1
15. 1
Credxt aarket instruaents
Hoae aortgages
Installaent cons, credit
Other consumer credit
Tax-exeapt debt
Other aortgages
Bank loans n.e.c.
Other loans
Security credit
Trade credit
Deferred and unpaid life
insurance preaiuas
(1) Excludes corporate eguities.
25
26
27
28
29
30
31
32
33
34
35
36
SEPTEHSEfi 23, 1985
Nonfinancial Corporate Busiaess
Honfiaancial Corporate Business
Honfiaancial Corporate Busiaess
64
IEAfi-£MD OOTSTAHDIHGS (S BILLIOHS)
TEAS-END OUTSTANDINGS ($ BIX110MS)
1973
1974
1S75
1976
1977
1978
1979
1980
1981
1982
1983
1984
Honfiaancial Corporate Business
526.0
516.7
557.6
611.9
671.7
764.4
888.6
993.4
1060.1
1082.2
1195. 2
2
3
4
5
6
101.0
46.3
16.6
11.3
3.3
105.4
47.8
20.5
5.5
4.9
125.2
53.9
22.4
4.7
5.8
139.8
56.4
24.4
7.0
7.4
143.4
59.2
29.2
8.3
8.7
159.2
63.0
31.2
13.7
11.4
177.8
69.2
35.9
16.3
12.9
190.7
73.1
39.9
22.9
14.0
208.1
66.3
54.8
22.9
14.5
235.5
75.0
60.0
26.6
12.0
282.0
72.4
76.6
37.9
16.8
288.9
66.8
81.4
33.3
12.7
Liguid assets
Oeaand deposits ♦ currency
Tiae deposits
Security BP’s
Poreign deposits
2
3
4
5
6
7
8
9
4.5
4.0
14.9
5.6
4.7
16.5
14.3
4.5
19.6
16.4
3.4
24.7
10.0
3.5
24.5
11.5
3.7
24.8
13.1
3.7
26.7
13.0
3.5
24.4
11.9
3.5
34.3
16.1
3.5
42.2
21.1
4.2
52.9
28.2
4. 1
62.3
U.S. Governaent securities
Tax-exeapt obligations
Connercial paper
7
8
9
10
11
21.7
266.8
22.3
243.5
23.0
249.4
24.9
268. 1
26.0
304.3
27.8
360.2
29.4
429.6
29.9
477.0
32.5
499.5
33.0
486.1
37.1
540.8
42.9
579.4
Consuaer credit
Trade credit
10
11
12
13
14
15
16
136.6
91.7
15.7
.4
28.8
145.5
100.4
17.8
•4
26.9
160. 1
114.1
20.0
.4
25.5
179.2
126.6
23.4
.5
28.8
198.0
135.4
27.8
.5
34.3
217.2
151.8
33.4
•6
31.4
251.7
178. 2
38.9
•6
33.9
295.8
208.5
43.6
•6
43.1
320.0
224.8
47.3
.6
47.2
327.6
227.4
50.0
.7
49.4
335.4
236.5
53.5
.7
44.8
362.2
246.2
58.6
.7
56.7
Hiscellaneous assets
Poreign direct invest. (1)
Insurance receivables
Eguity in spons. agencies
Other
12
13
14
15
16
17
18
19
20
21
23
24
732.6
461.3
2.4
207.5
65.9
3.1
26.9
35.9
743.4
S27.4
4.1
227.1
66.8
2.8
28.3
35.7
770.9
548.5
6.7
254.3
65.9
3.5
28.8
33.6
834.7
591.5
9.2
277.2
68.3
4.8
30.0
33.6
930.3
662.6
17.4
300.0
71.9
6.4
32.0
33.5
1072.0
741.1
25.0
321.2
76.1
6.7
34.7
34.6
1235.6
836.5
35.0
338.5
77.5
6. 1
37.2
34.2
1379.8
914.2
45.9
365. 1
80.0
5.3
40.6
34.0
1532.9
1017.6
59.3
386.9
78.1
4.0
41.4
32.7
1602.7
1090. 1
74.5
405.5
76.8
4.4
40.8
31.6
1710.8
1144.7
83.9
421.6
79.7
7.2
41.6
30.9
25
26
27
28
29
150.3
8.4
2.4
22.3
2.1
181.5
12.5
3.6
28.1
3.7
172.4
9.6
3.8
31.9
3.9
176.3
11.0
5.1
40.3
4.1
197.0
12.8
5.7
53.8
4.0
227.4
15.5
5.0
65.3
5.7
272.6
24.5
6.0
75.4
6.9
299.2
28.0
6.9
80.8
8.4
341.9
42.7
9.1
89.9
9.6
383.0
37.6
9.8
92.0
10.9
401.9
36.8
9.5
100.9
10.4
479.1
56.5
10.4
120.4
11.6
30
31
32
15.6
235.1
20.6
16.7
174.1
25.1
14.3
180.5
27.7
21.8
190.7
30.8
20.3
212.8
34.6
24.6
263.9
42.5
27.1
317.6
54.5
25.3
357.2
83.0
18.5
388.1
108.7
4.5
383.5
124.7
9.8
419.3
137. 1
10.5
444.0
159.6
33
31.7
69.4
68.9
77.4
91.5
96.4
112.0
119.8
111.5
102.7
121.5
135.4 Heno:
1
22
1273.4 Total financial assets
1940.4 Total liabilities
1326.4
Credit aarfcet instruaents
102.4
Tax-exeapt debt (2)
463.8
Corporate bonds (1)
Hortgages
80.0
Boae aortgages
7.5
Hulti-fanily
41.8
30.7
Conaercial
Baah loans n.e.c.
Connercial paper
Acceptances
Pinaace coapany loaas
U.S. Governnent loans
Profit taxes payable
Trade debt
Fgn. direct invest, in U.S.
Met trade credit
1
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Debt subtotals:
34
35
36
275.8
185.4
436.2
298.0
229.4
420.3
326.9
221.5
416.3
354.7
236.8
449.3
389.3
273.4
506.4
422.2
318.8
607.2
451.0
385.4
730. 1
491.0
423.2
805.8
524.3
493.3
899.9
556.8
533.3
921.3
585.2
559.5
988.6
37
38
39
59.8
56.5
43.5
25.1
59.6
40.4
30. 1
60.0
40.0
31. 1
58.7
41.3
28.3
57.0
43.0
26.2
53.9
46. 1
24.4
53.7
46.3
23.7
51.5
48.5
23. 1
51. 1
48.9
25.6
51. 1
48.9
28.5
646.3 Securities and aortgages
680. 1 Loans and short-tern paper
1134.5 Total s-t liabilities (3)
34
35
36
Per cent ratios:
40.2
23.1
48.7 L-t debt/credit narket debt
51.3 S-t debt/credit narket debt
25.5 Liguid assets/s-t liabil.
(1) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaeat is before subtracting reflovs of
capital froa Netherlands Antilles subsidiaries* foreign financing.
(2) Industrial revenue bonds. Issued by state and local governnents
to finance private investnent and secured in interest and
principal by the industrial user of the funds.
(3) Loans (except aortgages), short-tera paper, profit
taxes payable, and trade debt. Includes loans due in
nore than one year and excludes current naturities of
securities and aortgages.
37
38
39
SEPTEHBEfi 23, 1985
Total Claias
Total Claias
65
Total Finaacial Assets aad liabilities
X1AB-BHD O0TSTAHDIH6S ($ BILLIOIS)
1973
1974
1975
1976
IBAB—BHD ODTSTAHDIHGS ($ BILLIOHS)
1977
1978
1979
1980
1981
1982
1983
1984
Credit Harket Debt Outstanding (1)
7114.4 Total credit akt. debt
owed by:
Doaestic nonfinan. sectors
O.S. Governaent
Private donestic
Households
Fara business
lonfara noncorp. bus.
Corporate basiness
State+local governaents
2
3
4
5
6
7
8
9
Foreign
Financial sectors
Sponsored credit agencies
Hortgage pools
Coaaercial banks
Bank affiliates
Saviags aad loan assns.
Finance coapanies
Beits
10
11
12
13
14
15
16
17
18
1
2180.2
2406.7
2619.9
2904.3
3285.0
3741.3
4228.6
4640.9
5128.1
5585.3
6228.4
2
3
4
5
6
7
8
9
1919.1
349.1
1570.1
670.9
66.9
177.7
461.3
193.3
2094.2
360.8
1733.4
725.5
74.7
197.8
527.4
207.9
2288.8
446.3
1842.6
778.8
83.2
211.9
548.5
220.2
2532.6
515.8
2016.9
871.2
93.4
227.3
591.5
233.5
2854.1
572.5
2281.5
1012.2
105.6
255.6
662.6
245.5
3198.8
626.2
2572.6
1161.9
120.4
287.2
741.1
262.0
3582. 0
663.6
2918.5
1338. 0
141.8
322.6
836.5
279.6
3909.5
742.8
3166.8
1446.4
156.1
353. 1
914.2
296.9
4280.5
830. 1
3450.3
1570.4
172.5
386.2
1017.6
303.6
4669.2
991.4
3677.9
1654.3
180.4
423.4
1090.1
329.6
5208.1
1177.9
4030. 2
1844.8
184.9
488.6
1144.7
367.2
5963.1
1376.8
4586.3
2094.0
187.8
565.9
1326.4
412.2
10
11
12
13
14
15
16
17
18
67.0
194.0
59.8
18.0
4.1
10.0
17.1
70.7
14.4
79.8
232.6
77.1
21.5
4.3
14.4
23.3
76.2
15.8
91.2
239.9
80.3
28.5
4.5
15.0
19.1
76.7
15.7
110.6
261. 1
82.4
40.7
5.2
20.4
17.4
81.2
13.8
123.9
307.1
88.7
56.8
5.7
22.4
24.3
97.9
11.3
161.9
380.6
112.2
70.4
5.9
29.5
37.8
120.3
4.6
182.4
464. 1
137.0
94.8
6. 1
36.0
50.3
135.4
4.4
209.6
521.8
162.6
114.0
6.3
42.9
57.8
134.3
3.9
236.9
610.8
195.0
129.0
6.2
51.2
73.4
152.3
3.7
226.3
689.7
210.4
178.5
6.8
53.3
75.9
161.1
3.7
245.2
775. 1
211.8
244.9
6.6
61.9
73.9
172.7
3.5
246.3
905.1
242.2
289.0
10.1
72.8
93.2
194.1
3.6
19
2180.2
2406.7
2619.9
2904.3
3285.0
3741.3
4228. 6
4640.9
5128.1
S585.3
6228.4
20
21
22
23
24
393.8
290.8
11.7
45.1
46.2
438.2
330.4
12.4
49.0
46.3
477.5
354.7
13.3
48.2
516.6
376.9
14.5
69.4
55.9
554.4
406.7
15.5
64.0
68.3
594.7
428.7
16.9
67.7
81.4
690.8
501.8
18.7
72.9
97.4
736.4
531.3
19.1
70.7
115.3
809.6
582.9
21.8
82.2
122.7
901.9
633.4
23.6
94.9
149.9
1048.4
708.0
27.4
115.3
197.6
25
26
62.2
65.1
73.4
72.3
79.5
85.8
94.7
93.8
134.3
103.6
167.6
120.6
163. 1
140.0
186.4
163.6
202.6
187.6
225.4
203.4
252.5
213.0
295.9
230.0
27
28
29
30
1659.1
64.5
18.0
80.6
1822.8
85.2
21.5
86.7
1977. 1
89.7
28.5
95.3
2199.2
94.4
40.7
105. 1
2492.7
101.2
56.8
112.2
2858.3
128. 1
70.4
119.2
3234.8
158. 1
94.8
126.9
3554.5
184.5
114.0
131.4
3928.4
217.7
129.0
140.5
4254.6
233.7
178.5
150.3
4714.6
237.1
244.9
161.2
31
32
33
34
35
652.9
631.0
4.3
15.6
2.0
720.0
689.8
4.9
22.8
2.5
749.4
718.3
4.4
23.9
2.9
809.2
773.3
4.1
28.3
3.5
897.0
855.3
4.7
33.2
3.8
1025.4
964.8
3.7
52.8
4.0
1146.3
1072.3
2.8
67. 1
4.0
1246.8
1155.4
2.7
84. 1
4.5
1349. 1
1251.0
2.8
91.8
3.3
1427.9
1354.6
2.9
66.5
3.9
36
37
38
39
40
843.1
371.6
251.2
96.8
23.7
909.4
396.4
270.6
99.4
26.4
1014.2
447.4
305.5
110.1
31.7
1149.8
515.8
354.5
122.9
38.4
1325.4
594.3
414.6
134.1
45.6
1515.3
667. 1
470.8
143.4
52.9
1708.8
723.8
520.0
148.0
55.8
1877.9
778.7
566.2
154.3
58.2
2092. 1
806.6
589.1
155.8
61.8
41
42
43
44
45
355.0
204.8
45.4
63.1
41.8
390.8
217.7
56.9
69.8
46.4
442.8
234.6
75.4
79.1
53.7
498.5
258.3
85. 1
88.9
66.2
571.6
285.8
101.3
100.8
83.7
661.0
318.9
124. 1
117.8
100.2
746.6
352.0
152.4
128.6
113.7
841. 1
385.1
183.0
149.5
123.5
46
47
48
49
50
51
116.5
87.4
16.0
7.6
5.5
122.2
92.3
16. 1
8.3
•8
4.8
124. 1
94.9
13.2
8.7
1.5
5.8
135.5
106.6
9.4
8.5
2.1
8.9
159.6
129. 1
7.0
12.9
1-9
8.6
187.2
155.2
5.6
13.7
5.1
7.2
238.4
185. 1
4.9
15.6
24.9
7.9
258. 1
186.6
4.2
20.5
39.8
7.2
61.3
7114.4 Total credit aarket assets
held tjz
1238.4
Private doa. nonfin. sectors
Bouseholds
823.8
Honfara noncorp. business
33.4
Boafin. corporate basiness
137.5
State ♦ local governaents
243.7
1
19
20
21
22
23
24
Foreign
O.S. Governaent
25
26
5350. 1
266.3
289.0
169.6
Financial institutions
Sponsored credit agencies
Hortgage pools
Federal Beserve systen
27
28
29
30
1563.9
1489.2
2.7
67.7
4.4
1746.2
1663.8
3.5
73.5
5.4
Coanercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in O.S. poss.
31
32
33
34
35
2264.2
825.5
602.1
151.0
72.4
2507.4
966.0
707.5
169.4
89. 1
2879.0
1107.5
827.3
178.3
101.9
Private aoabank finance
Savings institutions
Savings ♦ loan assns.
Hatual savings banks
Credit unions
36
37
38
39
40
937.8
419.8
214. 1
172.0
132.0
1045.3
463.2
249.7
195.4
137.0
1139.5
513.8
275.6
211.4
138.6
1262.6
571.7
300.5
242.6
147.8
347.6
207.4
2.6
25.7
102.3
9.5
393.4
217.2
2.6
39.4
123.7
10.5
401.9
242.3
2.7
54.1
102.4
.5
509.0
277.6
3.6
79.8
140.4
7.8
Insurance
Life insurance cos.
Private pension funds
St.floe.govt.rtr.funds
Other insurance cos.
41
42
43
44
45
Finance n.e.c.
Finance coapanies
Beits
Hutual funds
Hopey narket funds
Brokers and dealers
46
47
48
49
50
51
(1) Excludes corporate eguities.
Total Liabilities and Their Belation to Total Financial Assets
Total credit akt. debt
(fron preceding table)
Other liabilities:
Official foreign exchange
18.2
17.5
Treasury curr. and SDB ctfs.
1
2180.2
2406.7
2619.9
2904.3
3285.0
3741.3
4228.6
4640.9
5128. 1
5585.3
6228.4
2
3
.6
7.4
1.9
7.7
2.3
8.7
4.8
9.9
5.0
10.2
5.4
10.7
5. 1
12.3
13.0
13.6
14.8
14.8
17.6
16.5
17.6
16.9
4
5
6
7
8
9
10
1044.8
301.1
588.7
126.0
25.7
3.3
1 134. 1
308.0
62 6.4
2.4
167. 1
25.3
4.9
1247.5
326.7
724.4
3.7
158.2
28.8
5.8
1395.2
351.5
845.9
3.7
144.3
42.4
7.4
1560.7
388.7
940.5
3.9
172.6
53.3
8.8
1744.9
414. 4
1005.9
10.8
227.0
74.9
11.9
1926.7
450.2
1067.1
45.2
254.8
91.4
18.0
2146.9
470.8
1153.7
74.4
315.8
111.3
20.8
2420.4
499. 1
1201.2
181.9
377.6
127.3
33.3
2630.8
536.9
1341.0
206.6
373.7
136.9
35.7
2852.8
576.3
1558.7
162.5
355.6
160.9
38.7
3187.0
623.2
1707.9
209.7
431.7
180.5
34.0
Deposits at financial insts. 4
Checkable deposits ♦ curr. 5
6
Snail tiae + svgs. dep.
7
Honey narket fund shares
Large tine deposits
8
9
Security BP’s
Foreign deposits
10
11
12
151.3
322.8
158.4
325.2
166.5
405.6
175.3
467.2
184.8
513.8
196.0
592.6
206.7
699.6
216.4
859.0
225.6
941.4
232.8
1121.5
240.8
1316.4
246.0
1436.6
Life insurance reserves
Pension fund reserves
11
12
13
14
15
16
29.5
264.2
18.2
287.0
24.7
211.3
19.4
318.5
28.5
223.6
16.7
356.0
41.1
243.0
24.7
403.3
43.4
271. 1
24. 1
446.2
44. 6
332. 1
29.3
519.9
46. 7
392.9
32. 1
607.0
59.2
440. 1
28.9
695.1
60.0
475.7
20.6
800.6
67.4
470.6
6.5
863.7
79.6
513.6
11.8
943.9
81.7
548.2
12.3
1078.6
Security credit
Trade debt
Profit taxes payable
Hiscellaneous
13
14
15
16
17
18
19
44.4
46.6
4397.0
44.6
35.2
4687.6
33.5
43.0
5151.8
24.6
46.5
5739.7
23.5
45.4
6413.0
39.4
45.8
7302.0
60.6
51.2
8269.5
-4.9
31.1
15.4
-19.3
Interbank clains
39.8
Hutual fund shares
63.5
63.8
89.5
129.3
161.2
9207.7 10181.3 11082.6 12346.2 13941.6 Total liabilities above
20
21
901.4
61.1
641.7
61.0
849.5
61.0
1005.5
60.5
950.0
60.5
982.5
60.5
1179.5
66.4
1572.3
72.1
1505.0
75.9
1721.1
75.9
22
23
24
.1
27.2
-21.9
-.2
27.7
-54.9
-.3
29.3
-51.8
-1. 1
29.9
-56.3
.2
31.7
-66.6
-.1
31.2
-68.8
-. 1
31.2
-82.0
-.8
33.5
-91.5
-1.8
37.6
-83.6
-2.2
40.7
-82.4
40.8
-98.6
25
26
27
28
29
-1.7
-1.8
5.3
4.4
19.7
-1.9
.7
5.6
5.1
23.5
-2.0
-3.1
10.2
4. 1
30.6
-2.2
-4.0
19.6
4.4
31.7
-2.4
-9.4
25.1
3.3
40.2
-2.4
-8.6
36.0
4.9
49.1
30
5328.2
5384.7
6045.3
6783.7
7401.4
8303.8
7114.4
-2.8
-13.5
48.3
7.3
36.9
-3.0
-15.9
43.5
8.0
39. 1
-3.2
*
37.8
7.9
24.8
17
18
19
2022.3
75.9
2022.1
75.9
♦ Financial assets not
iacladed in borrowing
Other corporate eguities
Gold and SDB’s
20
21
-.8
-.5
44.0
-112.7
- Floats not incl. in assets
Denand dep.: O.S. Govt.
Other
Trade credit
22
23
24
- Liabilities sot allocated
as assets
Treasury currency
Interbank claias
Security BP’s
Profit taxes payable
Hiscellaneous
Totals allocated to sectors
as assets
9470.2 10834.7 11738.3 12856. 1 14416.1 16059.7
-2.6
-10. 1
39.9
6.7
62.5
1
2
3
-3.4
-1. 1
38.1
8.0
45.3
-3.5
18.0
31. 1
8.1
-4.6
25
26
27
28
29
30
@FedFRASER