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Z.l
September 1984
Flow of Funds
1984: Q2
Flow of Funds Accounts,
Second Quarter 1984
Seasonally Adjusted and Unadjusted
Annual Revisions
Board of Governors of the Federal Reserve System, Washington, D.C. 20551
CONTENTS
iii,i
Credit 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 Summary
Savings Institutions
Insurance + Pension Funds
Finance N.E.C.
TRANSACTION TABLES
28
30
32
34
36,
40
42
44
46,
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 MAY
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 1984
Annual revisions*
The accounts as presented in this publication
reflect the full recalculation and revised seasonal adjustment that usually
appears at this time of year.
The tables include income and product revi
sions published in July and balance of payments revisions published in June,
both by the Commerce Department. Other benchmark data used in the revision
are 1981 tax statistics for coporate business, the 1982 Survey of
Governmental Finances, and 1983 information for the insurance industry.
Seasonal adjustments have been recalculated for 1978-83.
An important part of this year’s revision is a new set of
estimates for private pension funds. This revision raises the level of
1983 asset holdings for pension funds by about 50 per cent over earlier
estimates and introduces information on quarterly transactions for 1982
and 1983 that had not been available earlier.
The revision is benchmarked
on 1971 asset levels as published by the Securities and Exchange
Commission and the 1975-78 market values of assets published by the
Department of Labor in 1983.2/ These are carried forward annually through
1981 and quarterly to Ql/84 by sample information on managed assets of
pension funds provided by SEI Corporation, a private firm that offers funds
evaluation services, and by a single reading of 1980 assets from the Labor
Department.
1972-81 assets were interpolated quarterly using SEC’s quarterly
publications for those years.
This revision affects the composition of households’ assets but
not their total.
A larger part of the household position now appears as
claims on pension funds and less is in the form of direct holdings of
securities and deposits. The revisions in flows resulting from these data
appear on page 58, and the revised structure of household assets is on
page 63. A broader view of the effect is on page 57, lines 32 and 48.
The only structural change in this revision is allocation of
certain kinds of tax-exempt borrowing to the household sector. That
sector includes nonprofit institutions, and the larger part of tax-exempt
borrowing now shown there is for private hospitals that have been able to
use tax-exempt financing to reduce costs of capital. A smaller part of
the tax-exempt borrowing consists of student loans.
Principal flow effects of this year’s revisions appear in the
tables on pages 56 to 60, and new estimates of outstanding debts and
assets for those tables are on pages 61 to 65.
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
principle sources of information that were available in putting together
1/
’’Estimates of Participant and Financial Characteristics of Private
Pension Plans”, prepared by Daniel Beller, Economist, Division of Research
and Evaluation, Office of Policy Planning and Research, Pension and Welfare
Benefits Programs, U.S. Department of Labor.
- i -
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 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 quarterly series that
is usually available at the middle 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 or more from the time
the estimates are completed, and 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 the historical revisions that first appeared in the August 1981 publication
in this quarterly series, and a replacement volume will appear in the near
future. Meanwhile, quarterly data are available in computer data tape form
for the complete set of accounts or in specific printings of selected tables
on request. A complete set of tables on levels, or stocks, of financial claims
will be published soon.
Requests and inquiries about the data, historical tabulations and
computer tapes of the data 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
SEPTEMBER 5, 1984
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES BY SECTOR
(BILLIONS OF DOLLARS)
TOTAL
U.S.
GOVT.
PVT.
NONFIN
--------- HOUSEHOLDS --------HOME CONSUMER
TOTAL
MTGES CREDIT
NONFINANCIAL BUSINESS
LONG SHORT
TERM TERM
TOTAL
STATE 8
LOCAL
GOVTS
FOREIGN
NON
FINAN
CIAL
MEMO s
PRIVATE
FINAN.
ASSETS
ANNUAL CHANGE (PER CENT1
1976
10.6
15.5
9.5
11.7
12.7
11.4
8.3
8.7
7.4
6.0
21.2
11.0
10.5
i$S
12.6
13.0
12.0
9.6
11.0
9.4
6.0
11.9
13.0
13.9
13.5
9.0
16.1
17.0
15.2
9.0
16.7
17.5
16.2
11.3
16.2
16.9
13.4
1.6
12.1
12.5
13.2
9.7
10.7
10.0
9.3
9.1
14.7
17.1
20.1
10.8
5.1
6.7
6.7
6.2
12.2
27.2
12.5
14.9
12.6
13.6
12.0
9.8
10.4
10.8
11.3
9.7
1981
1982
1983
9.6
9.3
11.1
11.8
19.4
18.8
9.1
6.9
9.1
8.6
5.8
10.2
8.1
4.9
9.4
6.8
5.0
11.6
11.2
7.4
7.5
7.9
7.1
8.7
16.5
8.0
5.9
2.1
10.3
11.0
13.0
6.6
8.3
9.8
9.2
11.0
10.9
9.3
11.2
QUARTERLY GROWTH RATES (SAAR)
1982 — I
II
III
IV
8.1
8.2
10.1
9.7
13.4
11.3
22.9
25.2
6.9
7.5
7.0
5.7
5.0
6.6
4.8
6.5
6.1
4.2
3.8
5.2
1.0
8.9
3.3
6.7
8.9
8.1
8.8
3.2
5.9
5.5
7.9
8.2
13.3
11.8
10.0
-3.9
6.4
9.3
9.1
15.0
3.0
6.3
7.4
12.3
7.9
8.2
10.0
9.8
6.8
8.5
10.0
10.7
1983 -- I
II
III
IV
9.1
11.4
10.4
12.0
21.1
22.5
15.0
12.0
5.9
8.3
9.1
12.0
6.3
9.3
11.0
12.9
5.4
8.2
11.2
11.7
6.0
10.1
10.6
17.9
4.7
5.9
7.5
11.3
7.3
9.5
8.3
8.5
.9
.7
6.2
15.5
9.3
15.4
7.1
10.5
3.9
9.5
5.7
13.4
8.8
11.3
10.2
12.0
9.9
11.3
9.9
11.9
1984 — I
II
12.3
12.9
15.6
13.2
11.4
12.8
11.4
15.0
10.2
12.1
15.9
25.4
12.2
12.9
8.6
9.6
17.5
17.5
7.5
1.4
-2.6
20.7
11.7
13.2
12.0
14.5
- iii -
SEPTEMBER 5, 1984
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES BY SECTOR
(BILLIONS OF DOLLARS)
TOTAL
U.S.
GOVT.
PVT.
NONFIN
-DOMESTIC NONFINANCIAL SECTORS ----------------------------------------------------- HOUSEHOLDS --------NONFINANCIAL BUSINESS STATE 8
LONG SHORT
HOME (CONSUMER
LOCAL
TOTAL
TERM TERM
GOVTS
TOTAL
MTGES CREDIT
FOREIGN
NONFINAN
CIAL
MEMO:
PRIVATE
FINAN.
ASSETS
YEAR-END OUTSTANDINGS
1976
1977
1978
1979
J980
1981
2532.6
2854.1
3218.1
3604.2
3948.3
4328.4
515.8
572.5
626.2
663.6
742.8
830.1
2016.9
2281.5
2591.9
2940.7
3205.5
3498.3
871.2
1012.2
1182.5
1362.5
1487.0
1619.2
544.3
635.1
746.5
869.2
967.5
1051.0
248.6
289.1
337.9
383.4
389.7
416.4
912.2
1023.9
1147.3
1298.5
1421.7
1576.1
599.2
664.9
731.3
799.7
872.0
936.0
313.0
358.9
416.1
498.9
549.7
640.1
233.5
245.5
262.0
279.6
296.9
303.0
110.6
123.9
161.9
182.5
209.6
237.0
2643.2
2978.0
3380.0
3786.7
4157.9
4565.4
1791.7
1977.8
2190.0
2437.1
2678.0
2971.2
QUARTERLY OUTSTANDINGS, SEASONALLY ADJUSTED
1982 — I
II
III
IV
4415.8
4506.8
4612.2
4728.9
857.9
882.2
932.7
991.4
3558.0
3624.6
3679.5
3737.5
1639.4
1666.3
1680.5
1712.1
1066.9
1078.2
1082.7
1096.9
417.4
426.7
430.2
441.7
1610.8
1643.3
1676.7
1691.1
949.7
962.8
979.3
999.4
661.0
680.5
697.4
691.7
307.9
315.0
322.2
334.3
210.2
213.5
217.4
226.4
4626.1
4720.3
4829.5
4955.3
3012.9
3077.3
3153.7
3247.3
1983 — I
II
III
IV
4836.1
4973.4
5102.4
5255.3
1043.8
1102.4
1143.7
1177.9
3792.3
3871.0
3958.7
4077.3
1739.3
1779.5
1828.5
1887.5
1111.6
1134.4
1166.1
1200.1
448.3
459.7
471.9
493.0
1710.9
1736.2
1768.7
1818.8
1017.6
1041.7
1063.4
1086.1
693.3
694.5
705.2
732.6
342.1
355.3
361.5
371.0
228.6
234.0
237.3
245.2
5064.6
5207.4
5339.7
5500.5
3328.2
3422.6
3505.3
3609.5
1984 — I
II
5417.4
5592.2
1224.0
1264.4
4193.5
4327.8
1941.3
2014.0
1230.8
1268.0
512.6
545.1
1874.1
1934.4
1109.4
1136.2
764.7
798.3
378.0
379.3
243.6
256.3
5661.1
5848.5
3717.4
3852.6
iv
SEPTEMBER 5, 1984
DEBT GROWTH RATES
DEBT GROWTH RATES
GROWTH RATES OF MAJOR DEBT AGGREGATES BY SECTOR
(BILLIONS OF DOLLARS)
------------------------------------------------ DOMESTIC NONFINANCIAL SECTORS ------------------------------------------------- HOUSEHOLDS --------NONFINANCIAL BUSINESS STATE 8
U.S.
PVT.
HOME CONSUMER
LONG SHORT
LOCAL
TOTAL
GOVT.
NONFIN TOTAL
MTGES CREDIT
TOTAL
TERM TERM
GOVTS
NON
FINAN-
FOREIGN
CIAL
MEMO:
PRIVATE
FINAN.
ASSETS
ANNUAL FLOWS (^BILLIONS)
1976
1977
1978
1979
1980
1981
1982
1983
243.5
319.4
369.8
386.0
344.6
380.4
404.1
526.4
69.0
56.8
53.7
37.4
79.2
87.4
161.3
186.6
174.5
262.6
316.2
348.6
265.4
293.1
242.8
339.8
91.5
140.7
172.0
179.3
122.1
127.5
94.5
175.4
61.4
90.8
111.5
121.2
98.3
78.7
51.6
103.2
25.4
40.2
48.8
45.4
6.3
26.7
21.0
51.3
69.8
110.0
127.6
151.7
126.1
159.4
117.1
127.7
48.2
64.0
66.2
68.1
72.4
68.8
66.1
86.8
21.6
46.0
61.4
83.6
53.7
90.7
51.0
40.9
13.2
12.0
16.5
17.6
17.2
6.2
31.3
36.7
19.3
13.5
33.8
20.2
27.2
27.2
15.7
18.9
262.8
332.9
403.6
406.2
371.8
407.6
419.8
545.3
170
135
213
246
237
292
276
364
QUARTERLY NET FLOWS i(SAAR)
1982 — I
II
III
IV
352.3
363.9
454.8
445.5
111.0
97.3
201.9
234.9
241.3
266.6
252.8
210.6
81.7
107.7
79.6
108.9
63.7
45.2
40.9
56.7
4.3
36.9
14.1
28.6
140.3
130.1
144.4
53.5
55.0
52.4
76.4
80.4
85.3
77.7
68.0
-26.9
19.3
28.8
28.8
48.2
7.1
13.2
15.8
26.7
359.4
377.1
470.6
472.2
201
257
308
337
1983 — I
II
III
IV
428.6
549.3
516.2
611.4
209.6
234.5
165.2
136.9
219.0
314.8
351.0
474.4
108.5
161.0
195.9
236.1
58.9
91.2
126.6
136.0
26.5
45.3
48.7
84.6
79.4
101.1
129.9
200.3
72.9
96.6
86.8
90.8
6.4
4.5
43.1
109.5
31.1
52.7
25.1
38.0
8.9
21.6
13.3
31.7
437.5
570.9
529.5
643.1
322
377
339
417
1984 — I
II
648.7
699.1
184.1
161.9
464.6
537.2
215.2
290.7
122.7
148.9
78.5
130.1
221.5
241.2
93.0
107.1
128.5
134.2
27.9
5.3
-6.3
50.5
642.4
749.7
431
540
Information Status for Preliminary Estimates
NONFINANCIAL—
1.
National income and product
accounts
Major items missing
Available
Second quarterly estimate, seasonally
adjusted
Seasonally unadjusted data.
FINANCIAL—
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 investment. For
current quarter: gross security
offerings, mortgages, bank loans,
open-market paper, finance company
loans.
Working capital, foreign direct
investment, 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.
Preceding quarter complete except
reports by U.S. nonbanking concerns.
Current quarter for bank-reported
capital movements.
Direct investment flows for current
quarter and claims and liabilities of
U.S. nonbanking concerns for two
quarters.
(International Transactions)
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 credit—are
in time for first quarterly estimates.
“vi -
See item 9
FINANCIAL—
8.
U.S# Government
Major items missing
Available
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
Two months of quarter
Last month of quarter
15.
Credit unions
Deposit flows and consumer credit
Other assets
16.
Life insurance companies
Two months of quarter
Last month
17.
Private Pension Funds
Preceding quarter
Later quarters
18.
State and local government
retirement system
Preceding quarter
Current quarter
19.
Other insurance companies
Preceding quarter
Current quarter
9.
- vii
FINANCIAL—
Available
Major items missing
20.
Finance companies
Complete
None
21.
REIT’s
Preceding quarter
Current quarter
22.
Investment companies and
money market funds
Complete
None
23.
Security brokers and dealers
Borrowings
Assets
“ viii ~
SEPTEBBEB 5, 1984
Incoae and Product Distribution
Incoae and Product Distribution
Incoae and Product Accounts:
GBP Expenditures and Gross Saving
SEASOBALLT ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
1
I
II
1984
|
1983
|
III
IV
I
II
I
1
2417.8
2631.7
2957.7
3069.3
3304.8
3173.8
3267.0
3346.6
3431.7
3553.3
3647.9 Total GBP
1
2
3
4
5
6
1981.5
1507.2
213.4
306.0
168.3
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
2749.2
2070.4
259.4
405.8
273.0
2823.8
2141.6
276.1
411.6
270.5
2871.2
2181.4
284. 1
420.6
269.2
2921.5
2230.2
299.8
425. 1
266.3
2981.0
2276.5
310.9
436.8
267.6
3076.3 Current outlays
Households
2329.5
Of which consuaer durables
320.3
State and local governnents
447.5
O.S. Governaent
299.3
2
3
4
5
6
7
8
9
10
11
12
13
423.0
408.8
118.6
5.0
91.3
91.1
1.7
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
405.0
447.9
113.3
5.8
80.9
69.5
1.0
449.6
469.0
129.8
6.2
94.1
81.6
.9
491.9
496.2
142.3
6.6
102.1
94.8
.9
540.0
527.3
143.4
6.8
101.6
101.3
.9
623.8
550.0
151.2
6.7
109.0
102.9
.9
7
8
9
10
11
12
13
14
15
16
-1.5
-.8
-.8
-2.0
-1.0
-1.0
-3.4
-1.7
-1.7
1. 1
.5
.5
6.9
3.5
3.5
10.4
5.2
5.2
11.6
5.8
5.8
6.4
3.2
3.2
-.7
-.3
-.3
5. 1
2.5
2.5
626.3 Gross doaestic investaent
Private fixed investaent
577.8
Besidential construction
155.7
Hobile hones
6.8
1-4 Faaily structures
111.7
Household purchases
107.1
Fara
1.2
Change in work in
process on nonfara
3.4
Boncorporate
1.7
1.7
Corporate
17
18
19
20
21
22.3
11.1
8.5
2.6
-
23.4
20.6
.2
2.5
-
24.8
14.4
7.8
2.6
-
24.4
10.9
11. 1
2.3
. 1
31.2
15.0
12.3
3.8
.1
26.7
13.5
10.0
3. 1
.1
29.5
14.7
11.2
3.5
.1
33.5
15.6
13.8
4.0
.1
35.1
16.4
14. 1
4.5
.1
35.5
17.3
13.3
4.8
.1
37.2
18.5
13.8
4.8
.1
22
23
24
25
26
27
290.2
7.3
19.9
45.5
13.7
203.9
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
334.6
11.8
13.4
64.2
18.4
226.7
339.3
12.2
14.1
61.6
18.9
232.6
353.9
12.5
13.8
62.2
19.5
245.9
383.9
12.9
15.3
63.6
19.9
272.1
398.8
13.3
13.8
66.9
20.5
284.3
422.1
13.7
13.7
67.7
21.0
306.0
28
29
30
31
32
14.3
5.7
8.6
-.4
9.0
-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
*
-3.1
-42.9
-10.3
-32.6
-1.8
-30.8
-19.4
-14.0
-5.4
-.6
-4.9
-4.3
-15.9
11.6
1.2
10.4
12.7
-1.4
14.1
1.3
12.7
73.8
13.2
60.6
4.2
56.4
48.5
3.8
44.7
3.9
40.8
33
34
35
13.2
281.4
268.1
23.9
338.8
314.8
28.0
369.9
341.9
19.0
348.4
329.4
-8.3
336.2
344.4
19.6
328.5
308.9
-6.5
328.1
334.5
-16.4
342.0
358.4
-29.8
346. 1
375.9
-51.5
358.9
410.4
36
37
38
1650.2
96.7
5.9
1828.9
110.2
6.0
2041.7
137.4
6.7
2180.5
136.0
6.2
2340.1
118.1
5.0
2261.4
128.0
5.7
2302.9
96.7
4.2
2367.4
119.0
5.0
2428.6
128.6
5.3
2502.2
152.5
6. 1
2552.0 Disposable personal incoae
145.7 Personal saving
5.7 Saving rate (per cent)
39
40
-16.1
30.4
-61.2
30.6
-64.3
37.6
-148.2
32.9
-178.6
44.1
-185.7
34. 1
-167.3
43.9
-180.9
47.4
-180.5
51.2
-161.3
53.9
39
-166.9 Federal governaent surplus
53.7 St. * local governaent surplus 40
41
42
43
44
45
252.7
.9
30.6
30.3
190.9
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
24.8
29.6
148.9
161.7
-.1
22.4
28.4
110.9
198.2
-.1
23.7
32.0
142.6
227.4
-.1
27.5
29.5
170.5
225.5
-.1
25.6
28.5
171.6
46
47
48
49
87.6
.3
18.4
68.9
84.8
.3
17.8
66.7
81.1
.3
17.3
63.6
60.7
16.4
44.3
75.8
*
17.8
58.0
59.1
*
17.2
41.9
74.8
•
18.3
56.4
84.7
•
17.8
67.0
84.5
*
17.8
66.7
50
51
52
53
54
55
52.7
.2
-2.2
54.7
39.5
15.1
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
71.1
.4
.4
70.4
60.7
9.7
71.7
.4
.2
71.0
62.5
8.5
73.3
•4
*
72.9
62.8
10. 1
56
57
58
59
60
61
62
112.4
.3
14.2
15.5
82.4
67.3
15.1
91.2
-.1
12.5
11.7
67.2
49.0
18.2
73.5
-.5
3.7
9.9
60.5
46.0
14.5
35.6
-.6
3.4
9.8
22.9
10.4
12.6
54.5
-.5
11.6
14.9
28.5
18.6
9.9
31.4
-.5
10.8
12.8
8.3
-1.3
9.7
51.7
-.5
13.4
15.2
23.6
15.1
8.5
63
64
65
66
-14.8
-.2
-.8
-13.7
-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
21.7
.2
-.6
22.2
67
68
69
70
71
72
73
74
75
256.0
39.1
6.3
14.4
38.7
157.5
7.9
1.9
147.7
293.2
44. 1
7.2
16.4
46.2
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
207.1
377.1
53.2
8.9
19.6
64.2
231.2
13.2
2.8
215.2
76
77
160.9
417.0
182.0
475.1
196.3
526.6
209.6
568.5
218.3
595.4
78
-1.5
2.3
5.6
-.5
.5
79
80
34.7
15.4
36. 1
15.5
36.7
16.0
36.7
15.6
37.3
14.7
Hulti-faaily units
Households (1)
Noncorporate business
Nonfin. corp, business
Beits
Nonres. plant * eguipaent
Nonprofit inst. (HH)
Fara
Nonfara noncorp. bus.
Financial corporations
Bonfin. corp, business
Inventories
Fara
Nonfara
Boncorporate
Corporate
-54.7 Bet exports
Exports
366.9
421.6 - Iaports
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Corporate profits, taxes, and dividends:
Profits - total
243.3
246.7
Faras
-.1
.4
25.7
26.1
Foreign
Financial corporations
28.7
30.2
Nonfin. corporate business
189.0
190.0
41
42
43
44
45
18.2
74.5
93.8
.1
18.9
74.8
Tax accruals - total
Faras
Financial corporations
Bonfin. corporate business
46
47
48
49
75.4
.4
.4
74.7
63.5
11.2
77.7
.4
.4
76.9
65.5
11.4
79.9
-3
.5
79.1
67.6
11.5
Dividends - total
Fares
Pinancial corporations
Bonfin. corporate business
Bet dividends paid
* Bet fgn. div. received
50
51
52
53
54
55
69.3
-.5
11.7
17.4
40.7
30.6
10. 1
65.6
-.5
10.3
14.4
41.4
30.2
11.2
72.9
-.5
10.1
14.3
49.0
37.6
11.4
73.0
.1
10.8
14.6
47.5
36.0
11.5
Undist. profits - total
Faras
Financial corporations
Foreign
Nonfin. corporate business
Doaestic undist. prof.
♦ Bet fgn. div. received
56
57
58
59
60
61
62
30.6
.3
-.2
30.4
36.9
•4
*
36.4
43.6
.5
43. 1
47.6
.7
.1
46.9
52.1
.7
.1
51.2
Cap. cons, adjust. - total
Faras
Financial corporations
Nonfin. corporate business
63
64
65
66
368.2
52.3
8.7
19.4
61.0
226.9
12.7
2.7
211.4
371.2
52.6
8.8
19.5
62.1
228.2
12.9
2.7
212.5
382.8
53.4
8.9
19.7
67.4
233.4
13.4
2.8
217.3
386.4
54.7
9.2
19.8
66.3
236.4
13.9
2.8
219.7
391.8
55.8
9.4
19.9
66.8
239.9
14.3
2.8
222.8
399.8 Total capital consuaption
Owner-occupied hoaes (HH)
56.7
Nonprofit institutions (HH)
9.5
Fara noncorporate
20.0
Nonfara noncorp, business
70.2
Total corporate
243.4
Financial business
14.8
Corporate faras
2.8
Bonfin. corporate business
225.9
67
68
69
70
71
72
73
74
75
214.6
582.8
215.8
587.1
218.9
601.7
223.8
610.2
227.9
619.7
Beao: Cap. cons, on consuaer
durables not included above 76
231.3
631.1 Tot. cap. cons. incl. durables 77
7.5
4.1
-4.8
-4.8
2.2
36.6
15. 1
37.7
15.2
37.3
14.3
37.5
14.4
38. 1
14.3
♦
92.7
»
-4.4 Statistical discrepancy
78
38.0 Profit tax rate (per cent)
14.4 Personal tax rate (per cent)
79
80
(1) Purchases of condoniniua units.
BILLIONS OP DOLLABS.
14
15
16
11/84 BASED OB IBCOBPLETE IBFOBBATIOB.
SEPTEHBEfi 5, 1984
Ponds Baised in Credit Harkets
Ponds Baised in Credit Harkets
Sunnary of Net Ponds Baised in Credit and Equity Harkets
2
UNADJUSTED NET FLOBS ($ HILL)
UNADJUSTED NET PLOWS {$ HILL)
1983
I
III
II
IV
|
11
1984
I
1974
II
EILLIONS OF DOLLABS
1977
1976
1975
1978
Net Credit Harket Borrowing toy Nonfinancial Sectors
Total net borrowing toy donestic
nonfinancial sectors
1
85,862 137,425 141,366 161,708 139,575 177,081
175.3
193.0
243.5
319.4
369.8
1
31,166
31,202
-36
11.8
12.0
-.2
85.4
85.8
-.4
69.0
69. 1
-. 1
56.8
57.6
-.9
53.7
55. 1
-1.4
2
3
4
90,148 145,915
163.5
107.6
174.5
262.6
316.2
5
6
7
8
9
10
11
12
13
2
3
4
U.S. Governaent
Treasury issues
Agency issues * nortgages
55.641
55,620
21
46,876
46,951
-75
47,860
47,898
-38
5
Private donestic
nonfinancial sectors
30,221
90,549
93,506 125,528
36,180
36,209
-29
49,427
49,501
-74
6
7
8
9
10
11
12
13
Debt capital instruaents
Tax-exenpt obligations
Corporate bonds
Hortgages
Hoae aortgages
Hulti-faaily resid.
Coaaercial
Para
34,581
7,827
3,641
23,113
14,649
-66
8,304
226
69,268
23,439
6,469
39,360
25.212
1,438
11.681
1,029
65,673
9,984
2,125
53,564
36,263
3,094
13,163
1,044
69,764
15,010
3,486
51,268
32,603
3,920
14,190
555
54,683
6,246
5,306
43,131
29,952
3,266
9,421
492
74,691
11,483
5,000
58,208
37,829
5,076
14,385
918
100.6
16.5
19.7
64.4
37.3
6.9
15.1
5.0
100.9
16. 1
27.2
57.6
42.0
•
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
199.7
28.4
21. 1
150.2
112.2
9.2
21.7
7.2
14
15
16
17
18
Other debt instruaents
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other
-4,360
-4,534
-2,437
-226
2,837
21,281
11,260
5,513
-1,691
6,199
27,833
17,191
4,281
2,350
4.011
55,764
27,355
19,939
-1,600
10,070
35,465
7,647
15,312
3,903
8,603
71.224
31,327
21,041
13,103
5,753
62.9
9.9
32.9
6.6
13.5
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
14
15
16
17
18
19
20
21
22
23
24
25
By borrowing sector:
State+local governaents
Households
Nonfinancial business
Fara
Nonfara noncorporate
Corporate
30,221
2,981
16,156
11,084
-709
7,454
4,339
90,549
17,844
37,838
34,867
4,548
16,779
13,540
93,506 125,528
5,267 10,646
54,690 66,710
33,549 48,172
1,499
-998
18,835 20,792
13,215 28,378
90,148 145,915
1,703
6,708
42,568 68,935
45,877 70,272
408
2,632
11,865 24,030
33,604 43,610
163.5
14.6
54.8
94.1
7.8
20.2
66. 1
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
316.2
16.5
172.0
127.6
14.6
32.9
80.6
19
20
21
22
23
24
25
26 Fgn. net borrowing in U.S.
Bonds
27
28
Bank loans n.e.c.
Open-aarket paper
29
U.S. Governaent loans
30
2,201
894
4,400
-4,195
1,102
5,614
1,417
1,433
1,911
853
13,034
778
-1,471
12,536
1,191
15.0
2. 1
4.0
7.3
1.6
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
26
27
28
29
30
31 Total doaestic plus foreign
88,063 143,039 144,993 169,162 138,439 190,115
190.3
204.4
262.8
332.9
3,627
714
-559
2,268
1,204
7,454
744
-388
5,982
1,116
-1,136
224
-612
-2,509
1,761
403.6 31
Bet Credit Harket Borrowing by Pinancial Sectors
Total net borrowing
1 by financial sectors
10,366
24,454
25,322
30,5,0
20,376
35,575
39.0
7.3
21.0
45.8
74. 1
1
2
3
4
5
U.S. Governaent-related
Sponsored credit ag. sec.
Hortgage pool securities
Loans froa U.S. Governaent
14,918
-3,180
18,098
17,120
476
16,644
-
19,288
9,1
18,377
-
16,469
3,200
13,269
-
16,667
5,543
11,124
16,878
9,198
7,680
-
20.7
16.6
3.4
.7
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
2
3
4
5
6
7
8
9
10
11
Private financial sectors
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Bank loans
-4,552
2,748
6
-1,246
-75
-5,985
7,334
4,506
6
-907
4,952
-1,223
6,034
4,655
6
-223
2,527
-931
14,041
5,150
7
2,212
5,581
1,091
3,709
926
7
-6,169
10,290
-1,345
18,697
3,616
8
2,946
3,876
8,251
18.3
3.1
.2
4.6
3.8
6.7
-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
37.0 6
7.5 7
.1 8
2.3 9
14.6 10
12.5 11
12 Total, by sector
13
Sponsored credit agencies
14
Hortgage pools
10,366
-3,180
18,098
24,454
4 76
16,644
25,322
911
18,377
30,510
3,200
13,269
20,376
5,543
11,124
35.575
9,198
7,680
39.0
17.3
3.4
7.3
3.2
7.1
21.0
2. 1
12.2
45.8
5.9
16. 1
74. 1 12
23.5 13
13.6 14
Private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
fieits
-4,552
277
1,389
-5,094
-1,171
47
7,334
-234
1,655
-599
6,471
41
6,034
26
3,014
1,357
1,595
42
14,041
-289
2,556
1,590
10,122
62
3,709
-222
4,212
-2,478
2,175
22
18,697
-155
5,811
10,487
2,512
42
18.3
.2
4.4
6.2
6.0
1.5
-3.0
.2
.6
-4.2
.5
-. 1
6.7
.7
5.4
-1.7
4.3
-1.9
23.8
.6
2.0
6.9
16.9
-2.5
37.0
.2
7.2
13.5
17.6
-1.4
15
16
17
18
19
20
15
16
17
18
19
20
Total Net Credit Harket Borrowing, All Sectors, by Type
1 Total net borrowing
U.S. Governaent securities
2
Tax-exeapt Obligations
3
Corporate + foreign bonds
4
5
Hortgages
98,429 167,493 170,315 199,672 158,815 225,690
70,574 64,028 67,162 52,669 66,131 48,068
9,984 15,010
6,246 11,483
7,827 23,439
7,283 12,392
9,394
7,494
9,380
6,456
23,104 39,334 53,556 51,255 43,101 58.192
229.3
31.9
16.5
24.9
64.5
211.6
94.9
16. 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
477.7
90.5
28.4
32.8
150.2
1
2
3
4
5
31,327
22,516
29,515
15,195
9.9
41.5
17.7
22.5
9.6
-12. 1
-1.2
9.6
25.4
6.4
8. 1
17.8
40.2
29.9
15.0
27.5
48.8
58.8
26.4
41.9
6
7
8
9
-3,870 12,623
10 Heao: U.S. Govt, cash balance
8.439 -24,324
1,710
1,609
Totals net of changes in O.S. Govt, cash balances:
11 Net borrowing by doa. nonfin. 89,732 124,802 132,927 186,032 137,865 175,472
59,511 34,253 39.421 60,504 47,717 29,557
12
By U.S. Governaent
-4.6
2.9
3.2
1.1
3.8 10
179.9
16.4
190.2
82.5
240.4
65.9
318.3
55.7
366. 1 11
49.S 12
6
7
8
9
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
-4,534
717
-4,496
-2,046
11,260
6,039
5,172
5,829
17,191
3,499
7,145
4,284
27,355
21,763
9,963
12,277
7,647
8,531
11,684
9,019
External Corporate Eguity' Funds Baised in 0. S. Harkets
1 Total net share issues
2
Hutual funds
3
All other
4
Nonfinancial corporations
5
Financial corporations
Foreign shares
6
purchased in U.S.
21,156
11,588
9,568
7,794
758
20,913
7,093
13,820
11,321
644
11,400
5,751
5,649
4,196
606
1,016
1,855
847
11/84 BASED 01 PBELIHINABY AND INCOHPLETE INFOBHATION
14,310
-829 -17,465
8,400 14,652
8,185
5,910 -15,481 -25,650
5,000 -15,873 -26,382
646
735
726
264
-343
6
5.7
.9
4.8
4. 1
1.0
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
1.9
1
1.9
-. 1
2.5
1
2
3
4
5
-.2
.2
.3
.4
-.5
6
SEPTEBBEB 5, 1984
Funds Saised in Credit Harkets
Funds Raised in Credit Harkets
Suaaary of Met Funds Raised in Credit and Eguity Harkets
3
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED AMMUAL BATES
1979
1980
1981
1982
1983
|
J
1983
I
II
1984
III
IV
I
II
Met Credit Harket Borrowing by Nonfinancial Sectors
1
386.0
344.6
380.4
404. 1
526.4
428.6
549.3
516.2
611.4
648.7
Total net borrowing by doaestic
nonfinancial sectors
699. 1
2
3
4
37.4
38.8
-1.4
79.2
79.8
-.6
87.4
87.8
-.5
161.3
162. 1
-.9
186.6
186.7
-. 1
209.6
209.5
. 1
234.5
234.8
-.3
165.2
165.4
-.2
136.9
137.1
-.1
184.1
184.4
-.3
161.9
162.0
-.1
O.S. Governaent
Ireasury issues
Agency issues » aortgages
2
3
4
5
348.6
265.4
293.1
242.8
339.8
219.0
314.8
351.0
474.4
464.6
537.2
Private doaestic
nonfinancial sectors
5
6
7
8
9
10
11
12
13
211.2
30.3
17.3
163.6
120.0
7.8
23.9
11.8
192.0
30.3
26.7
135.1
96.7
8.8
20.2
9.3
159.1
22.7
21.8
114.6
76.0
4.3
24.6
9.7
158.9
53.8
18.7
86.5
52.5
5.5
23.6
5.0
239.3
56.3
15.7
167.3
108.7
8.4
47.3
2.9
175.0
50.5
22.0
102.5
67. 1
-.4
35.3
.5
253.8
75.1
24.0
154.7
100.5
6.1
45.4
2.7
251.7
44.0
9.1
198.6
131.8
12.3
50.4
4.2
276.7
55.5
7.8
213.4
135.5
15-6
58.3
4.0
256.2
46.1
29.4
180.8
126.7
12.8
39.4
1.8
273.9
24.4
18.7
230.9
151.7
20.7
56.0
2.5
Debt capital instrunents
Tax-exeapt obligations
Corporate bonds
Hortgages
floae aortgages
Bulti-faaily resid.
Coaaercial
Fara
6
7
8
9
10
11
12
13
14
15
16
17
18
137.5
45.4
51.2
11.1
29.7
73.4
6.3
36.7
5.7
24.8
134.0
26.7
54.7
19.2
33.4
83.9
21.0
55.5
-4. 1
11.5
100.5
51.3
27.3
-1.2
23.1
44.0
26.5
17.1
-10.7
11. 1
61.0
45.3
9.6
-10.5
16.6
99.3
48.7
18.0
7.2
25.4
197-8
84.6
64.5
9.4
39.3
208.4
78.5
90.2
5.2
34.5
263.3
130.1
69.0
49.6
14.7
Other debt instrnaents
Consuaer credit
Eank loans n.e.c.
Open-aarket paper
Cther
14
15
16
17
18
19
20
21
22
23
24
25
348.6
17.6
179.3
151.7
21.4
34.4
96.0
265.4
17.2
122.1
126. 1
14.4
33.7
78.1
293. 1
6.2
127.5
159.4
16.3
40.2
102.9
242.8
31.3
94.5
117. 1
7.6
39.5
70.0
339.8
36.7
175.4
127.7
4.3
63.9
59.5
219.0
31. 1
108.5
79.4
-.5
42.4
37.5
314.8
52.7
161.0
101.1
2.1
57.8
41.2
351.0
25.1
195.9
129.9
4.7
75.4
49.8
474.4
38.0
236.1
200.3
11.1
79.9
109.4
464.6
27.9
215.2
221.5
4.3
61.0
156.1
537.2
5.3
290.7
241.2
-6.0
86.0
161.2
Ey borrowing sector;
State+local governaents
Households
Nonfinancial business
Earn
loafara noncorporate
Corporate
19
20
21
22
23
24
25
26
27
28
29
30
20.2
3.9
2.3
11.2
2.9
27.2
.8
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
8.9
3.6
17.7
-16.8
4.4
21.6
5.7
4.9
7.6
3.4
13.3
2.9
-3.4
9. 1
4.8
31.7
3.0
.3
23.9
4.5
-6.3
.9
-4.2
-10.0
7.0
50.5 Fgn. net borrowing in O.S.
Bonds
3.1
Bank loans n.e.c.
-7.5
Open-aarket paper
50.1
U.S. Governaent loans
4.8
26
27
28
29
30
31
406.2
371.8
407.6
419.8
545.3
437.5
570.9
529.5
643.1
642.4
749.7 Total doaestic plus foreign
31
1
Het Credit Market Borrowing by Financial Sectors
Total net borrowing
by financial sectors
1
82.4
62.9
84. 1
69.0
90.7
73.2
74.7
100.6
114.1
115.3
117.3
2
3
4
5
47.9
24.3
23.1
.6
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
1.4
66.4
-
68.8
-2.2
71.0
-
63.7
-5.9
69.6
-
69.1
-2.5
71.6
-
69.6
16.2
53.4
77.6
34.9
42.7
-
61.3
27.4
33.9
U.S. Governnent-related
Sponsored credit ag. sec.
Hortgage pool securities
Loans froa U.S. Governaent
6
7
8
9
10
11
34.5
7.8
*
-.5
18.0
9.2
18.1
7. 1
-.1
-.9
4.8
7.1
36.7
-.8
-.5
.9
20.9
16.2
4. 1
2.5
.1
1.9
-1.2
.8
22.9
17.1
*
-.2
13.0
-7.0
4.5
13.6
*
-2.0
6.2
-13.3
11.0
16.8
*
-3.1
8.2
-10.9
31.4
18.9
*
2.7
15.0
-5.3
44.5
18.9
*
1.7
22.5
1.3
37.7
6.7
*
-22.7
48.2
5.5
56.1
13.7
♦
14.0
2.5
25.9
Private financial sectors
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. floae Loan Bank loans
12
13
14
82.4
24.8
23.1
62.9
25.6
19.2
84. 1
32.4
15.0
69.0
15.3
49.5
90.7
1.4
66.4
73.2
-2.2
71.0
74.7
-5.9
69.6
100.6
-2.5
71.6
114.1
16.2
53.4
115.3
34.9
42.7
15
16
17
18
19
20
34.5
.2
6.5
12.6
16.5
-1.3
18.1
.2
6.9
7.4
5.8
-2.2
36.7
-. 1
8.3
15.5
12.8
.2
4. 1
.6
1.9
2.5
-.9
.1
22.9
-.2
8.6
-2.7
17.0
.2
4.5
1. 1
5.6
-11.5
9. 1
.2
11.0
-.9
6.6
-8.5
13.7
.2
31.4
.1
12.1
1.8
17.3
.2
44.5
-1.2
10.2
7.2
28.0
.2
37.7
-.9
16.8
-1.6
23.2
.1
117.3 Total, by sector
27.4
Sponsored credit agencies
33.9
Hortgage pools
56. 1
-.6
23.2
34.8
-1.5
.2
private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Total Net. Credit Harket BorrowingI, >11 Sectors, by Type
1
2
3
4
5
488.7
84.8
30.3
29.0
163.5
434.7
122.9
30.3
34.6
134.9
491.8
133.0
22.7
26.4
113.9
488.8
225.9
53.8
27.8
86.5
635.9
254.4
56.3
36.5
167.2
510.7
278.4
50.5
39. 1
102.5
645.7
298.3
75.1
46.5
154.6
630. 1
234.4
44.0
30.8
198.6
757.2
206.6
55.5
29.7
213.3
757.7
261.8
46. 1
37.0
180.6
6
7
8
9
45.4
52.9
40.3
42.4
6.3
47.3
20.6
37.8
26.7
59.3
54.0
55.8
21.0
51.2
5.4
17.2
51.3
32.0
17.8
20.3
26.5
32.8
-21.3
2.2
45.3
11.4
5.3
9.1
48.7
17.3
31.3
24.9
84.6
66.5
55.8
45.1
78.5
63.3
43.3
47.0
10
.6
-3.8
•
7.3
-7.1
1.5
33.2
-11.6
11
12
385.4
36.8
348.4
83.0
380.5
87.4
396.8
154.0
533.5
193.7
427.1
208. 1
516.1
201.3
527.7
176.8
867.0 Total net borrowing
223.2
U.S. Governaent securities
24.4
Tax-exeapt Obligations
35.5
Corporate ♦ foreign bonds
230.8
Mortgages
1
2
3
4
5
130.1
75.5
102.3
45.3
6
7
8
9
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
-7.4 Heao: U.S. Govt, cash balance 10
-51.6
23.2
Totals net of changes in U.S. Govt, cash balances:
706.5 Net borrowing by doa. nonfin. 11
663.0
625.5
12
169.3
By O.S. Governaent
188.6
160.9
External Corporate Eguity Funds Baised in 0. S. Harkets
1
2
3
4
5
-3.8
.1
-3.9
-7.8
3.2
22.2
5.2
17.1
12.9
2.1
6
.8
2.1
BILLIONS OF DOLLARS.
-4. 1
6.3
-10.4
-11.5
.8
35.3
18.4
16.9
11.4
4.0
67.8
32.8
34.9
28.3
2.7
81.4
43.2
38.3
31.2
3.0
85.6
30.4
55.3
45.3
2.6
46.7
24. 1
22.6
16.8
2.4
57.4
33.7
23.6
20.0
2.6
-7.0
54.9
-61.9
-63.5
2.9
.3
1.5
4.0
4. 1
7.4
3.4
1. 1
-1.4
11/84 BASED ON INCOHPLETE INFOBHATION.
-67.8 Total net share issues
34.8
Hutual funds
-102.6
All other
-105.5
Bonfinancial corporations
2.9
Financial corporations
Foreign shares
*
purchased in U.S.
1
2
3
4
5
6
SEPTBMBEB 5, 1984
Credit Market Supply of Funds
Credit Market Supply of Funds
Direct and Indirect Sources of Funds to credit Markets
.
4
UNADJUSTED NET FLOWS ($ HILL)
UNADJUSTED NET FLOWS ($ MILL)
’983
I
II
HI
IV
|
1
1984
I
II
Total funds advanced in credit aarkets
1
to don. nonfinan. sectors
85,862 137,425 141,366 161,708 139,575 177,081
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
175.3
193.0
243.5
319.4
369.8
1
2
3
4
5
6
By Federal agencies and foreign
2 Total net advances, by type
3
U.S. Governnent securities
4
Residential nortgages
5
FHLB advances to s*l's
6
Other loans and securities
15,842
3,100
19,435
-5,985
-708
34,021
9, 189
19,602
-1,223
6,453
40,303
14,736
19,688
-931
6,810
26,963
553
17,370
1,091
7,949
17,378
-859
14,752
-1,345
4,830
31,989
7,505
10, 116
8,251
6,117
51.0
9.4
13.2
6.7
21.7
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
102.3
36. 1
25.7
12.5
28.0
7 By type of lender:
15,842 34,021
8
U« S. Governaent
1,599
3,692
9
Spons. credit ag.+atg. pools
14,059
18,633
10
Monetary authority
-4,751
5,415
11
Foreign
4,935
6,281
Agency and foreign borroving not in line 1:
12
Spons. credit ag.+atg. pools
14,918
17,120
13
Foreign
2,201
5,614
40,303
2,568
20,299
14,852
2,584
26,963
1,832
16,459
-4,620
13,292
17,378
2,197
14,834
-1,841
2,188
31,989
2,661
19,970
1,988
7,370
51.0
9.4
24.2
6.2
11.2
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
102.3 7
17. 1
8
40.3 9
7.0 10
38.0 11
19,288
3,627
16,469
7,454
16,667
-1,136
16,878
13,034
20.7
15.0
10.3
11.3
14.3
19.3
22.0
13.5
37. 1 12
33.8 13
87,139 126,138 123,978 158,668 137,728 175,004
67,474 54,839 52,426
52,116 66,990 40,563
7,827 23,439
9,984
15,010
6,246
11,483
4,009
2,155
6,069
2,406
4,638
4,402
-4,867
7,016
19,655
19,133
18,429 32,765
6,711
33,552 38,827 71,094 40,080 94,042
-5,985 -1,223
-931
1,091 -1,345
8,251
160.0
22.5
16.5
20.9
30.9
75.8
6.7
175.0
76.9
16. 1
32.8
26.2
19.0
-4.0
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
338.4
54.3
28.4
23.4
95.6
149.3
12.5
14
15
16
17
18
19
20
66,061
16,777
30,711
21,907
-3,334
84,149
33,250
34,930
24,625
-8,656
92,589 134,277 110,410 131,544
31,957 54,092 32,494 43,042
37,532
33,606 34,822 44,792
23,238 29,450 26,229 29,993
-138
17,129
16,865
13,717
133.9
67.0
25.3
35.8
5.7
132.4
29.5
50.9
52.0
*
195.4
59.8
68.4
55.7
11.4
262.9
87.8
78.5
73. 1
23.6
315.7
128.5
72.3
89.5
25.5
21
22
23
24
25
26 Sources of funds
27
Private doaestic dep. ♦ BP’s
28
Credit narket borroving
66,061
36,927
-4,552
84,149
33,867
7,334
92,589 134,277 110,410 131,544
41,766
90,678 52,436
62,028
14,041
6,034
3,709
18,697
133.9
62.9
18.3
132.4
94.9
-3.0
195.4
123.0
6.7
262.9
139.6
23.8
315.7 26
142.7 27
37.0 28
29
30
31
32
33
33,686
-8,279
-2,301
21,127
23,139
42,948
8,023
7,597
23,068
4,260
44,789 29,558
5,558
16,847
676 -11,315
23,800 30,389
14,755 -6,363
54,265
3,641
1,483
24,885
24,256
50,819
7,896
892
29,557
12,474
52.6
10.3
-5. 1
36.7
10.7
40.5
-8.6
-1.7
40.1
10.7
65.6
-4.5
-. 1
41.5
28.7
99.5
1.4
4.3
55.4
38.5
136. 1
6.5
6.8
74.9
47.9
29
30
31
32
33
59.6
33.5
3.6
-6.3
8.3
20.5
34
35
36
37
38
39
Private doaestic funds advanced
14 Total net advances
15
U.S. Government securities
16
Tax-exenpt obligations
17
Corporate and foreign bonds
18
Besidential aortgages
19
Other nortgages and loans
20
Less: FHLB advances
Private financial internediation
21
22
23
24
25
Credit narket funds advanced
by private financial insts.
Coaaercial banking
Savings institutions
Insurance and pension funds
Other finance
Other sources
Foreign funds
Treasury balances
Insurance and pension res.
Other, net
Private donestic nonfinancial investors
34 Direct lending in cr. aarkets
35
D.S. Governaent securities
36
Tax-exenpt obligations
37
Corporate and foreign bonds
38
Open-aarket paper
39
Other
16,526
14,728
7,010
1,287
-111
-6,388
49,323
28,510
21,976
-4,147
1,882
1,102
37,423
28,728
6,289
3,848
-4,194
2,752
38,432
16,981
7,364
213
6,313
7,561
31,027
29,512
1,764
1,834
-2,420
337
62,157
34,523
12,406
-760
9,769
6,219
44.5
16.6
9.4
3. 1
4.7
10.6
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
40 Deposits and currency
41
Currency
42
Checkable deposits
40,813
814
-9,754
38,427
4,154
13,451
45,590
3,813
-3,325
97,536
5,526
21,056
53,409
473
-8,175
68,382
5,570
579
69.0
6.3
2. 1
102.0
6.3
9.3
132. 1
7.4
10.4
149.0
8.2
17.2
153.9 40
9.3 41
16.2 42
65.9 43
43
44
Snail tiae ♦ svgs. deposits
Honey aarket fund shares
108,836 35,404
-26,296 -15,680
32,972
-1,625
41,911
-457
37,259
23,445
37.3
97.9
121.3
93. 6
8,187
6,895
2.4
1.3
«
.2
6.9 44
45
46
47
Large tiae deposits
Security BP’s
Foreign deposits
-41,273
5,414
3,072
14,609
-865
11
18,548
9,620
1,332
9,517
5,648
500
26,092
5,017
784
23.3
-2.2
-.2
-13.8
.2
.8
-11.0
2.3
1.7
26.4
2.2
1.3
46.3 45
7.5 46
2.0 47
84,436 130,539
113.5
141.6
170.7
185.5
213.6 48
16,826
75,166
15,266
26.8
83.6
21.5
19.4
75.7
-2.5
18.9
85.9
10.6
23.8
95.4
41.0
25.3 49
93.3 50
44.6 51
48
Total of credit akt. instru
aents, deposits, and currency
49 Public holdings as X of total
50 Pvt. finan. internediation (X)
51 Total foreign funds
596
96
406
57,339
87,750
83,013 135,968
17,989
75,811
-3,344
23,784
66,711
14,304
27,796
74,681
8,142
15,939
84,627
30,139
12,552
80,165
5,829
Corporate Eguities lot Included Above
1 Total net issues
Hutual fund shares
2
Other equities
3
21,156
11,588
9,568
20,913
7,093
13,820
11,400
5,751
5,649
4 Acg. by financial institutions
5 Other net purchases
17,769
3,387
20,668
245
12,530
-1,130
11/84 BASED ON PBELIHINABI AND INCOMPLETE INFOBHATION
-829 -17,465
14,310
8,185
8,400 14,652
5,910 -15,481 -25,650
5.7
.9
4.8
10.6
-.3
10.9
10.6
-2.4
13.1
6.5
.9
5.6
1.9
-. 1
1.9
1
2
3
6,492
5,197
-6,026 -23,957
6.1
-.4
10.7
-. 1
12.9
-2.3
7.8
-1.3
4.7
-2.8
4
5
7,385
6,925
SEPTEHBEB 5, 1984
Credit Harket Supply of Fuads
Credit Harket Supply of Funds
Direct and Indirect Sources of Funds to credit Harkets
5
SEASONALLT ADJUSTED ANNUAL BATES
SEASONALLT ADJUSTED ANNUAL BATES
1
1979
1980
1981
1982
1983
386.0
344.6
380.4
404. 1
526.4
1983
I
I
428.6
1984
I
II
III
IV
549.3
516.2
611.4
J
II
I
Total funds advanced in credit narkets
64 8.7
699.1
to doa. nonfinan. sectors
1
By Federal agencies and foreign
2
3
4
5
6
75.2
-6.3
35.8
9.2
36.5
97.0
15.7
31.7
7.1
42.4
97.7
17.2
23.5
16.2
4 0.9
109. 1
18.0
61.0
.8
29.3
117.1
27.6
76.1
-7.0
20.5
103.3
34.3
79.0
-13.3
3.3
136.0
46.7
81.3
-10.9
19.0
119.8
26. 1
75.9
-5.3
23.1
109.4
3.2
68.2
1.3
36.6
7
8
9
10
11
75.2
19.0
53.0
7.7
-4.6
97.0
23.7
45.6
4.5
23.2
97.7
24. 1
48.2
9.2
16.3
109. 1
16.0
65.3
9.8
18. 1
117. 1
9.7
69.5
10.9
27.1
103.3
7.2
66.8
7.3
22.0
136.0
11.0
69.7
23.8
31.6
119.8
10. 1
70.6
32.9
6.2
109.4
10.5
70.7
-20.4
48.6
12
13
47.9
20.2
44.8
27.2
47.4
27.2
64.9
15.7
67.8
18.9
68.8
8.9
63.7
21.6
69.1
13.3
69.6
31.7
14
15
16
17
18
19
20
379.0
91.1
30.3
18.5
91.9
156.3
9.2
319.6
107.2
30.3
19.3
73.7
96.2
7. 1
357.3
115.8
22.7
18.8
56.7
159.5
16.2
375.6
207.9
53.8
14.8
-3.2
103.2
.8
495.9
226.9
56.3
14.6
40.9
150.2
-7.0
403.0
244. 1
50.5
23.4
-12.3
84.0
-13.3
498.6
251.6
75.1
22.4
25. 1
113.4
-10.9
478.8
208.3
44.0
9.2
68.2
143.9
-5.3
603.3
203.5
55.5
3.5
82.7
259.5
1.3
126.8 Total net advances, by type
O.S. Governaent securities
39.9
43.1
Besidential aortgages
25.9
FHLB advances to s+l's
Other loans and securities
18.0
116.9
24.2
60.9
5.5
26.4
116.9
126.8 By type of lender:
9.8
O.S. Governaent
6.9
74.0
71.8
Spons. credit ag.+atg. pools
22.1
12.4
Honetary authority
13.2
33.5
Foreign
Agency and foreign borrowing not in line 1:
61.3
Spons. credit ag.*atg. pools
77.6
-6.3
Foreign
50.5
2
3
4
5
6
7
8
9
10
11
12
13
Private donestic funds advanced
684. 1 Total net advances
183.4
O.S. Governaent securities
Tax-exeapt obligations
24.4
Corporate and foreign bonds
16.3
129.2
Besidential aortgages
356.8
Other aortgages and loans
25.9
Less: FHLB advances
603. 1
237.6
46.1
26.7
78.5
219.6
5.5
14
15
16
17
18
19
20
Private financial interaediation
Credit aarket funds advanced
by private financial insts.
Coaaercial banking
Savings institutions
Insurance and pension funds
Other finance
21
22
23
24
25
313.9
123.1
56.5
85.9
48.5
281.5
100.6
54.5
94.3
32.1
323.4
102.3
27.8
97.4
96.0
285.6
107.2
31.3
108.8
38.3
377.1
136.1
136.8
99.2
5.0
323.5
119.4
119.8
76. 1
8. 1
323.0
123.7
138.0
102.9
-41.6
376.0
126.2
148.3
91.8
9.8
485.8
175.0
140.9
126.1
43.8
496.2
179.9
133.7
92.5
90. 1
515.0
163.4
178.0
124.5
49.0
26
27
28
313.9
137.4
34.5
281.5
169.6
18.1
323.4
211.9
36.7
285.6
174.7
4. 1
377.1
203.2
22.9
323.5
211.5
4.5
323.0
173.9
11.0
376.0
187.9
31.4
485.8
239.6
44.5
496.2
270.8
37.7
26
515.0 Sources of funds
Private doaestic dep. * BP's 27
291.2
28
56.1
Credit aarket borrowing
29
30
31
32
33
142.0
27.6
.4
72.8
41.2
93.9
-21.7
-2.6
83.9
34.2
74.8
-8.7
-1.1
90.4
-5.9
106.7
-26.7
6.1
104.6
22.8
151.0
22.1
-5.3
98.4
35.8
107.5
-37.4
1.2
82.5
61.2
138.0
9.1
18.9
93. Q
17.1
156.6
35.5
-21.7
93.4
49.5
201.8
81.5
-19.8
124.7
15.4
187.7
10.9
14.9
97.5
64.4
167.7
2.3
-4.3
118.7
51.0
134.2
92.2
29.6
11.3
-3.9
5.1
162.0
71.9
35.6
-3.1
35.7
21.9
144.6
115.2
18.1
11.8
-14.2
13.7
225.2 Direct lending in cr. aarkets
O.S. Governaent securities
149. 1
Tax-exeapt obligations
25.7
Corporate and foreign bonds
2.9
Open-aarket paper
18.0
29.5
Other
34
35
36
37
38
39
315.6 Deposits and currency
Currency
21.2
Checkable deposits
14.6
40
41
42
21
22
23
24
25
29
Other sources
30
Foreign funds
31
Treasury balances
Insurance and pension res. 32
33
Other, net
Private donestic nonfinancial investors
34
35
36
37
38
39
99.6
52.5
9.9
-1.4
8.6
30.0
56.1
24.6
7.0
-5.7
-3.1
33.3
70.6
29.3
10.5
-8. 1
2.7
36.3
94.2
37.4
34.4
-5.2
-. 1
27.8
141.7
88.9
42.6
1.2
3.9
5.0
84.0
57.0
38.2
9.0
-5.6
-14.6
186.6
134.7
67.1
-12.3
-10.7
7.7
40
41
42
146.8
8.0
18.3
181.1
10.3
5.2
221.9
9.5
18.0
181.9
9.7
15.7
222.4
14.3
21.4
238.2
14.4
35. 1
190.8
15.2
60.9
205.4
17.4
-6.7
255.1
10.2
-3.6
286.8
14.0
40.3
43
44
59.3
34.4
82.9
29.2
47.0
107.5
138.2
24.7
219.1
-44. 1
373. 1
-105.2
184.0
-62.7
176.9
-6.5
142.4
-1.8
75.4
32.7
144.6
27.6
45
46
47
18.8
6.6
1.5
45.8
6.5
1.1
36.9
2.5
.5
-7.7
3.8
-2.5
-7.5
14.3
4.8
-113.2
21.7
12.3
-8.7
.4
1.6
27.7
-3.5
*
64.1
38.5
5.3
99.7
22.6
2.0
84.4
20.1
3.1
48
246.5
237.2
292.5
276. 1
364.1
322.2
377.4
339.6
417.1
431.4
540.8
21.5
76.0
49.2
23.6
80.3
-15.4
23.8
64.8
40.6
22.6
78.5
41.7
17.0
80.5
130.0
18.2
82.3
24.1
Saall tiae ♦ svgs. deposits
Honey aarket fund shares
43
44
Large tiae deposits
Security BP's
Foreign deposits
45
46
47
Total of credit nkt. instru-
49
50
51
18.5
82.8
23.0
26.1
88.1
1.5
24.0
90.5
7.6
26.0
76.0
-8.6
aents, deposits, and currency 48
16.9 Public holdings as X of total 49
75.3 Pvt. finan. interaediation (X) 50
51
35.8 Total foreign funds
Corporate Equities Not Included Above
1
2
3
-3.8
.1
-3.9
22.2
5.2
17.1
-4. 1
6.3
-10.4
35.3
18.4
16.9
67.8
32.8
34.9
81.4
43.2
38.3
85.6
30.4
55.3
46.7
24.1
22.6
57.4
33.7
23.6
-7.0
54.9
-61.9
4
5
12.9
-16.7
24.9
-2.7
20.1
-24.2
39.2
-3.9
58.4
9.4
77.6
3* 8
78.8
6.9
55.1
-8.5
21.9
35.5
27. 1
-34.1
BILLIONS OF DOLLABS.
-67.8 Total net issues
Butual fund shares
34.8
Other eguities
-102.6
21.6 Acg. by financial institutions
-89.4 Other net purchases
1
2
3
4
5
11/84 BASBD ON INCOHPLETE INFOBHATION.
Line
X.
6.
12.
14.
19.
27.
Page 2, line 1.
Includes farm and commercial mortgages.
Credit market funds raised by Federally sponsored credit agencies + federally
related mortgage pool securities.
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.
32.
Excludes investment of these reserves in corporate equities.
33.
Mainly retained earnings and net miscellaneous liabilities.
34.
Line 14 less line 21 plus line 28.
48.
Lines 34 + 40.
Includes farm and commercial mortgages.
50.
51.
Line 21/line 14.
Line 11 plus line 30.
Line 40 less line 41 and 47.
Excludes equity issues and investment company shares.
30.
Includes line 19Foreign 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.
3i-
Demand deposits and note balances at commercial banks.
28.
35-39- Lines 15-19 less amounts acquired by private finance plus
amounts borrowed by private finance. Line 39 includes mortgages.
Also line 14 less line 29 plus lines 41 and 47.
Corporate Equities
Line
1 and 3. Includes issues by financial institutions.
SEPTEMBER 5, 1984
Households
Households
Sector Stateaents of Saving and Investaent
,
o
ONADJOSTED SET FLOHS (S HILL)
___
1983
I
II
III
If
|
1
__________________
__
1984
I
II
1974
U*
BILLIONS OF DCLLABS
1975
1976
1977
1978
Households, Personal trusts, and lonprofit Organizations
637,521 668,590 697,684 740,450 700,638 734,725
93,723 109,373 102,500 98,575 96,806 111,078
1168.6
170.2
1265.0
168.9
1391.2
196.8
1540.4
226.4
1732.7
258.7
1
2
543,798 559,217 595,184 641,875 603,832 623,647
Disposable personal incoae
514,349 546,488 558,680 602,476 565,489 594,916
Personal outlays
29,449 12,729 36,504 39,399 38,343 28,731
Personal saving, NIA basis
8,573 14,526
Credits froa govt, insurance 10,384 14,617 19,907 13,831
1,500
3,305
2,126
1,099
339
828
Capital gains dividends
3,992 15,172 15,382 26,980 12,422 22,056
Net durables in consuaption
998.3
913.2
85.1
12.6
.5
28.4
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.C
1384.6
89.4
27.9
.7
56. 7
3
4
5
6
7
8
44,924 42,857 72,621 82,336 62,643 66,813
68,892 69,297 70,309 71,924 73,285 74,391
113,816 112,154 142,930 154,260 135,928 141,204
126.6
116.7
243.3
136. 1
132.2
268.3
140.6
145.9
286.4
150.8
162.0
312.8
174.7 9
182 5 10
357.2 11
156,780 126,670 144,783 151,310 169,176 154,941
12 Gross investaent
Capital expend, net of sales 84,628 93,299 102,945 119,493 107,099 111,377
13
24,033 21,126 29,699 33,322 34,355 28,065
14
Besidential construction
57,639 69,134 70,113 82,934 69,407 79,882
Consuaer durable goods
15
3,337
3,430
2,956
3,039
3,133
3,237
Nonprofit plant and eguip.
16
244. 1
171.9
45.0
121.5
5.4
283.8
183.8
46.4
132.2
5.2
308.9
226.3
63.6
156.8
5.7
328.8
267.1
83.0
178.2
5.9
370. 1
307.4
100.5
200.2
6.6
72.2
126.8
100. 1
156.1
82.6
180.6
61.7
205.7
62.8 17
238.6 18
1 Personal incoae
2 - Personal taxes and nontaxes
3
4
5
6
7
8
=
=
♦
♦
♦
9 = Net saving
10 ♦ Capital consuaption
11 = Gross saving
17 Net financial investaent
Net actj. of financial assets
18
72,152
93,744
33,371
81,753
41,838 31,817 62,077 43,564
97,316 103,317 104,856 114,768
67,196
12
13
14
15
16
59,293
70,904
75,249
94,613 115,954
97.0
116.9
143.6
157.0
172.7 19
20
21
22
23
24
51,687 34,206
Deposits
13,450 13,339
Checkable dep. ♦ curr.
Saall tiae ♦ svgs. dep. 106,070 33,251
-41,537
3,296
Large tiae deposits
Honey aarket fund shrs -26,296 -15,680
52,502
7,385
33,501
13,241
-1,625
55,731
5,556
40,973
9,659
-457
60,887
5,335
37,763
9,602
8,187
69,353
6,280
23,673
32,505
6,895
61.0
7.5
37.3
13.8
2.4
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
20
21
22
23
24
25
26
27
28
29
30
Credit akt. instruaents
U.S. Govt, securities
Tax exeapt obligations
Corporate * fgn. bonds
Hortgages
Open-Backet paper
25,087 18,402
8,567 19,875
21,825
6,071
-4,147
3,848
-2,066
-256
908 -11,136
19,518
6,133
7,426
213
425
5,321
33,726
30,722
1,578
1,834
117
-525
46,601
28,592
12,470
-760
1,174
5,125
36.1
17.3
8.3
3. 1
6.9
.6
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
41.3
20.7
4. 1
-6.3
14.8
8. 1
25
26
27
28
29
30
19
Dep. * cr. akt. instr.
(1)
31
32
Hutual fund shares
Other corporate eguities
33
34
15,509
16,375
5,706
1,287
-5,986
-1,873
11,588
-10,921
7,093
-8,102
5,751
-7,857
8,400 14,652
8,185
-1,955 -21,230 -31,670
.9
-1.8
-.3
-4.4
-2.4
-2.6
.9
-4.8
-. 1 31
-5.2 32
Life insurance reserves
Pension fund reserves
1,929
30,391
2,009
36,230
2,037
44,080
2,018
35,308
2,017
35,469
7.1
39.9
8. 1
46.8
8.8
51.3
9.5
62.2
11.2 33
75.5 34
35
36
37
Net inv. in noncorp. bus.
Security credit
Hiscellaneous assets
-9,012 -17,576 -19,755 -18,681
801
996
331
1,161
1,810
1,825
1,772
1,817
-9,221 -18,551
326
1,540
1,824
1,818
-18.0
-1.0
2.7
-15.3
•6
3.8
-24.9
1.5
5.5
-25.0
-1.0
6.9
-24.6 35
2.5 36
6.6 37
38
39
40
41
42
Net increase in liabilities
Credit aarket instruaents
Hoae aortgages
Installaent cons, credit
Other consuaer credit
43
44
45
46
47
48
49
Tax-exeapt debt
Other aortgages
Bank loans n.e.c.
other loans
Security credit
Trade debt
Hiscellaneous
50 Discrepancy
2,012
21,886
21,592
16,156
17,857
-4,113
-421
48,382
37,838
18,400
8,869
2,391
55,478
54,690
32,659
14,641
2,550
71,500
66,710
34,271
20,836
6,519
42,779
42,568
34,662
6,384
1,263
71,204
68,935
32,275
25,099
6,228
54.7
54.8
38.0
9.5
.4
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
175.8
172.0
111.5
43. 1
5.7
38
39
40
41
42
2,634
631
-1,004
572
3,029
614
3,578
957
2,997
634
92
1,117
2,540
610
1,279
655
2,593
622
-3,543
587
2,656
610
876
1,191
.9
1.1
1.6
3.2
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
43
44
45
46
2,252
3,034
150
7,476
2,923
145
2,751
-2,103
140
6,731
-2,090
149
-350
411
150
1,720
398
151
-1.8
1.0
.7
-7
1. 1
.7
4.8
1.2
.6
1-3
1.2
.9
1-2 47
1.5 48
1. 1 49
-42,964 -14,516
-1,853
2,950 -33,248 -13,737
-.7
-15.5
-22.5
-16.0
-13.0 50
♦
(1) Excludes corporate eguities.
Heaoraadas
51
52
53
54
55
56
Net physical investaent:
(A) Besidential construction
Expenditures
Hobile hoaes
Other
- Capital consuaption
- Hoae aortgages
= Excess net investaent
24,033 21,126 29,699 33,322 34,355 28,065
1,442
1,550
1,659
1,678
1,698
1,709
22,591 19,576 28,040 31,624 32,677 26,356
13,076 13,139 13,341 13,680 13,961 14,184
17,857 18,400 32,659 34,271 34,662 32,275
-6,900 -10,413 -16,301 -14,629 -14,268 -18,394
45.0
3.1
41.9
19.7
38.0
-12.7
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
111.5
-44.4
57
58
59
(B) Consuaer durables
Expenditures
- Capital consuaption
= Net investaent
57,639
53,647
3,992
69,134
53,962
15,172
70,113
54,731
15,382
82,934
55,954
26,980
69,407
56,985
12,422
79,882
57,826
22,056
121.5
93. 1
28.4
132.2
105.7
26.5
156.8
116.9
40.0
178.2
128.6
49.6
200.2 57
143.5 58
56.7 59
-4,534
8,526
11,260
3,912
17,191
-1,809
27,355
-375
7,647
4,775
31,327
-9,271
9.9
18.5
9.6
16.9
25.4
14.5
40.2
9.4
48.8 60
7.9 61
2,956
2,169
787
3,039
2,196
843
3,133
2,237
896
3,237
2,290
947
3,337
2,339
998
3,430
2,381
1,049
5.4
3.9
1.5
5.2
4.4
.8
5.7
4.5
1.3
5.9
4.8
1. 1
6.6 62
5.5 63
1.2 64
14,701
5,415
16,358
2,276
14,691
6,133
13,312
6,138
13,816
6,349
15,118
4,606
14.6
8.5
13.4
8.6
14. 1
6.9
14.7
5.9
14.9 65
6. 1 66
60
61
- Consuaer credit
= Excess net investaent
62
63
64
(C) Nonprofit plant and eguip.
Expenditures
- Capital consuaption
= Net investaent
51
52
53
54
55
56
Per cent ratios:
65 Effective tax rate
66 Saving rate, NIA basis
Per cent of disposable incoae adj.
(2):
67 Gross saving
20,497
19,533
23,205
23,449
22,076
22,074
24.1
24.1
23.6
23.4
23.8 67
68
69
70
71
15,240
16,882
3,888
2,909
16,249
14,238
8,426
6,589
16,714
15,800
9,007
8,879
18,164
15,705
10,869
10,140
17,394
17,030
6,947
6,913
17,411
17,941
11,131
10,776
17.0
12.5
5.4
5.4
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
15.9
11.7
11.4
555,281 574,173 615,919 657,832 615.710 639,673
capital gains divid -)
11.4
1111. 4
1212.5
1337.2
Capital expenditures
Acquisition of finan. assets
Net increase in liabilities
Credit aarket borrowing
72 (2) Disposable incoae adj.
(IIA disposable incoae * govt . insurance credits *
http://fraser.stlouisfed.org/
11/84 BASED 01 PBEL1HIIABI AID IICOBPLETB IIPOBHATIOI
Federal Reserve Bank of St. Louis
68
69
70
71
1502.6 72
SEPTEHBEB 5, 1984
Households
Households
Sector Stateaents of Saving and Investnent
7
SEASONALLY ADJUSTED ANNOAL BATES
1979
1980
1982
1981
SEASONALLY ADJUSTED ANNUAL BATES
1983
1
1
1983
II
1
1984
|
III
1Y
1
I
II
Households* Personal Trusts* and Nonprofit Organizations
1
2
1951.2
301.0
2165.3
336.5
2429.5
387.7
2584.6
404. 1
2744.2
404.2
2662.8
401.4
2714.4
411.6
2763.3
395.8
2836.5
407.9
2920.5
418.3
2982.3 Personal incoae
430.3 - Personal taxes aad nontaxes
3
4
5
6
7
8
1650.2
1553.5
96.7
24.4
.9
52.5
1828.9
1718.7
110.2
35.3
1.8
32.8
2041.7
1904.3
137.4
41.0
2.7
39.1
2180.5
2044.5
136.0
49.2
2.4
35.5
2340.1
2222.0
118.1
58.7
4.4
61.5
2261.4
2133.4
128.0
62.7
2.0
44.8
2302.9
2206.1
96.7
63.2
3.2
60.2
2367.4
2248.4
119.0
45.6
4.9
65.1
2428.6
2300.0
128.6
63.5
7.5
75.9
2502.2
2349.6
152.5
56.9
10.6
83.0
2552.0
2406.3
145.7
63.0
8.0
89.0
9
10
11
174.5
206.4
380.9
180.0
233.2
413.3
220. 1
252.7
472.8
223.1
269.1
492.2
242.7
280.4
523.2
237.5
275.6
513. 1
223.3
277.2
500.5
234.6
281.2
515.8
275.5
287.7
563.2
303.0
293.1
596.1
305.7 = Net saving
297.6 ♦ Capital consuaption
603.3 = Gross saving
9
10
11
12
13
14
15
16
406.5
328.0
107.3
213.4
7.3
468.4
323.6
100.3
214.7
8.6
527.4
341.2
96.0
235.4
9.8
565.9
331.3
75.2
245.1
11.0
579.5
400.4
108.2
279.8
12.4
611.3
360.0
88.8
259.4
11.8
571.3
390.7
102.5
276.1
12.2
534.0
413.6
117.0
284.1
12.5
601.6
437.1
124.4
299.8
12.9
650.8
451.2
127.0
310.9
13.3
674.7 Gross investaent
Capital expend, net of sales
466.4
132.4
Besidential construction
Consuaer durable goods
320.3
Nonprofit plant and eguip.
13.7
12
13
14
15
16
17
18
78.5
261.9
144.8
276.9
186.2
316.5
234.6
335.5
179.2
376.1
251.3
381.6
180.6
383.8
120.4
319.5
164.4
419.7
199.6
415.7
208.3 Net financial investaent
17
Net acg. of financial assets 18
508.1
=
=
♦
*
♦
Disposable personal incoae
Personal outlays
Personal saving* NIA basis
Credits froa govt, insurance
Capital gains dividends
Net durables in consuaption
1
2
3
4
5
6
7
8
19
201.4
202.2
252.2
211.7
272.6
264.2
269.0
261.4
296.0
363.4
486.3
Dep. ♦ cr. akt. instr. (1)
19
20
21
22
23
24
130.2
21.3
59.9
14.5
34.4
165.8
10.1
83.2
43.2
29.2
209.5
35.4
46.9
19.7
107.5
160.2
16.4
136.7
-17.5
24.7
194.1
39.7
213.8
-15.3
-44.1
214.3
67.5
362.1
-110. 1
-105.2
160.9
65.3
175.4
-17.1
-62.7
202.6
9.7
179.0
20.4
-6.5
198.7
16.4
138.7
45.5
-1.8
244.3
30.6
77.4
103.5
32.7
302.4
39.1
145.5
90.2
27.6
Deposits
Checkable dep. * curr.
Saall tiae ♦ svgs.dep.
Large tiae deposits
Honey aarket fund shrs
20
21
22
23
24
25
26
27
28
29
30
71.2
35.4
10.4
-1.4
20.2
6.6
36.4
13.4
7.0
-5.7
22.6
-.8
42.6
24.3
10.3
-8.1
23.3
-7.3
51.4
11.5
32.7
-5.2
20.4
-8.0
78.5
51.0
41.0
1.2
-7.9
-6.8
50.0
51.2
33.0
9.0
-24.9
-18.3
108.0
79.3
66.5
-12.3
-7.9
-17.6
58.8
38.2
28.7
11.3
-1.0
-18.4
97.3
35.0
35.9
-3.1
2.2
27.3
119.1
104. 1
17.4
11.8
-.4
-13.7
183.9
153.0
26.0
2.9
5.3
-3.4
Credit akt. instruaents
U.S. Govt, securities
Tax exeapt obligations
Corporate * fgn. bonds
Hortgages
Open-aarket paper
25
26
27
28
29
30
31
32
.1
-18.4
5.2
-13.2
6.3
-36.3
18.4
-26.2
32.8
-28.8
43.2
-48.4
30.4
-27.9
24.1
-38.3
33.7
-.8
54.9
-89.1
34.8
-121.7
33
34
10.7
84.3
9.7
106.5
9.2
107.9
7.2
143.0
8.0
146.0
7.7
139.8
8.0
149.7
8.1
143.9
6.1
150.7
8.0
106.5
35
36
37
-25.1
1.8
7.2
-44.4
5.2
5.6
-26.8
-2. 1
6. 1
-28.6
3.3
6.8
-65.0
3.3
7.2
-35.2
3.2
7. 1
-56.6
4.0
7.2
-88.4
1.3
7.3
-79.9
4.6
7.3
38
39
40
41
42
183.3
179.3
121.2
38.4
7.1
132.1
122.1
98.3
2.9
3.4
130.3
127.5
78.7
20.8
5.9
100.9
94.5
51.6
15.8
5.2
197.0
175.4
103.2
40.2
11.0
130.3
108.5
58.9
22.6
3.9
203.2
161.0
91.2
33.3
12.1
199. 1
195.9
126.6
42.0
6.7
43
44
45
46
2.9
1.5
1.9
6.4
3.1
1.9
3.6
8.8
4.4
2.3
4.3
11. 1
8.3
2.6
3.5
7.5
11.2
2.5
3.9
3.3
10.5
2.5
7.9
2.3
12.1
2.5
6.0
3.8
47
48
49
1.0
1.7
1.3
6.5
2.3
1.2
-1.6
2.7
1.8
3.3
2.4
.8
19.2
1.8
.6
9.0
12. 1
.6
50
-25.7
-55.2
-54.6
-73.7
-56.4
-98.2
Hutual fund shares
Other corporate eguities
31
32
8. 1
146.4
Life insurance reserves
Pension fund reserves
33
34
-36.6
1.3
7.3
-59.3
6.2
7.3
Net inv. in noncorp. bus.
Security credit
Hiscellaneous assets
35
36
37
255.2
236.1
136.0
63.1
21.4
216.1
215.2
122.7
67.8
10.7
299.8
290.7
148.9
101.5
28.5
Net increase in liabilities
Credit aarket instruaents
Boae aortgages
Installaent cons, credit
Other consuaer credit
38
39
40
41
42
12.0
2.5
1.6
4.5
10.2
2.4
.3
2.6
10.4
2.5
-1.2
2.3
10.6
2.4
-6.1
4.8
29.9
11.7
.6
11.0
-8.4
.6
26.9
-8.4
.6
-1.4
1.6
.6
6.9
1.6
.6
-70.8
-18.2
—38.3
-54.7
43
44
45
46
Tax-exeapt debt
Cther aortgages
Bank loans n.e.c.
Cther loans
Security credit
Trade debt
Hiscellaneous
47
48
49
50
-71.4 Discrepancy
(1) Excludes corporate eguities.
Heaoranda;
51
52
53
54
55
56
107.3
5.0
102.3
39.1
121.2
-53.0
100.3
4.5
95.8
44.1
98.3
-42.1
96.0
4.9
91.2
48.5
78.7
-31.1
75.2
4.8
70.4
51. 1
51.6
-27.5
108.2
6.3
101.8
53.2
103.2
-48.2
88.8
5.8
83.0
52.3
58.9
-22.4
102.5
6.2
96.3
52.6
91.2
-41.3
117.0
6.6
110.4
53.4
126.6
-63.0
124.4
6.8
117.7
54.7
136.0
-66.3
127.0
6.7
120.3
55.8
122.7
-51.5
Bet physical investaent;
(A) Besidential construction
132.4
Expenditures
Bobile hoaes
6.8
125.6
Other
56.7
- Capital consuaption
148.9
- Boae aortgages
= Excess net investaent
-73.3
57
58
59
213.4
160.9
52.5
214.7
182.0
32.8
235.4
196.3
39.1
245. 1
209.6
35.5
279.8
218.3
61.5
259.4
214.6
44.8
276.1
215.8
60.2
284.1
218.9
65. 1
299.8
223.8
75.9
310.9
227.9
83.0
(B) Consuaer durables
Expenditures
320.3
231.3
- Capital consuaption
= Net investaent
89.0
60
61
45.4
7.1
6.3
26.5
26.7
12.4
21.0
14.5
51.3
10.3
26.5
18.3
45.3
14.9
48.7
16.4
84.6
-8.6
78.5
4.5
62
63
64
7.3
6.3
1.0
8.6
7.2
1.4
9.8
7.8
1.9
11.0
8.3
2.6
12.4
8.9
3.5
11.8
8.7
3. 1
12.2
8.8
3.4
12.5
8.9
3.6
12.9
9.2
3.8
65
66
15.4
5.9
15.5
6.0
16.0
6.7
15.6
6.2
14.7
5.0
15.1
5.7
15.2
4.2
14.3
5.0
14.4
67
22.7
22.1
22.7
22.0
21.8
22. 1
21.1
68
69
70
71
19.6
15.6
10.9
10.7
17.3
14.8
7. 1
6.5
16.4
15.2
6.2
6.1
14.8
15.0
4.5
4.2
16.7
15.7
8.2
7.3
15.5
16.4
5.6
4.7
16.5
16.2
8.6
6.8
2232. 1
2403.2
51
52
53
54
55
56
57
58
59
- Consuaer credit
= Excess net investaent
60
61
13.3
9.4
4.0
(C) Nonprofit plant and eguip.
13.7
Expenditures
- Capital consuaption
9.5
4.2
= Net investaent
62
63
64
5.3
14.3
6. 1
14.4 Effective tax rate
5.7 Saving rate* NIA basis
21.3
22.5
23.2
23.0 Gross saving
17. 1
13.2
8.2
8. 1
17.5
16.8
10.2
9.4
17.6
16.2
8.4
8.4
17.8
19.4
11.4
11.1
130.1
-41. 1
Per cent ratios;
Per cent of disposable incoae adj.
72 1675.5 1865.9 2085.4
http://fraser.stlouisfed.org/
BILLIONS OF DOLLABS. 11/84
Federal Reserve
Bank of St. Louis
65
66
(2):
Capital expenditures
Acguisition of finan. assets
Het increase in liabilities
Credit aarket borroving
67
68
69
70
71
2326. 1 2369.2 2417.9 2499.6 2569.6 2623.0 (2) Disposable incoae adj.
72
(NIA disposable incoae * govt, insurance credits * capital gains divid.)
BASED ON INCOHPLETE INFOBHATION.
SEPTEBBEB 5, 1984
Total and Noncorporate Business
Total and Noncorporate Business
Sector Stateaents of Saving and Investaent
UNADJUSTED NET FLOKS($ BILL)
UNADJUSTED NET FLOWS (J BILL)
1983
I
II
III
IV
|
1
1984
I
1 Incoae before taxes
2 Gross saving
63,043
81,548
76,770
95,210
82,395
93,900
84,897 92,945 96,137
96,235 100,610 113,927
3 Gross investment
70,177
80,903
89,650
74,080
97,027 111,326
4 Capital expenditures
62,663
5
Fixed investaent
72,728
6
Business plant + eguipaent 73,004
7
Hoae construction (1)
-3,805
8
Hulti-faaily residential
3,529
9
Change in inventories
-10,748
10
Hineral rts. froa U. S. Govt.
683
92,475
91,877
79,101
8,764
4,012
-4,000
4,598
93,238
87,821
78,836
4,759
4,226
3,630
1,787
91,242 107,013 127,167
92,887 86,746 111,119
90,441 87,591 98,890
-1,836 -5,717
7,255
4,974
4,282
4,872
-2,362 18,662 13,528
717
1,605
2,520
-3,588 -17,162 -9,986 -15,841
43,787 45,441 29,540 27,376
47,375 62,603 39,526 43,217
4,196
5,000 -15,873 -26,382
33,549 48,172 45,877 70,272
4,198
5,507
7,306
7,219
7,847 25,323
20,271 16,387
4,189 18,660 18,855 20,165
4,891
7,618 11,869 17,565
12,341 19,186
-2,819 -19,859
11 Net financial investaent
12
Net acg. of financial assets
13
Net increase in liabilities
14
Corporate eguities
15
Credit aarket instruaents
16
Bonds
17
Mortgages
18
Bank loans n.e.c.
19
Other loans
7,514 -11,572
14,603 31,858
7,089 43,430
7,794 11,321
11,084 34,867
6,095
9,352
4,625 20,346
-1,433
1,935
1,797
3,234
20
21
-6,166 14,905 21,147 22,595
-5,623 -17,663 -11,517 -13,164
Trade debt
Other liabilities
22 Discrepancy
11,371
14,307
4,250
22,155
3,583
1974
II
Nonfinancial
BILLICNS OF DOLLABS
1975
1976
1977
1978
Business - Total
2,601
206.8
115.3
314.6
223.4
1
2
182.2
199.5
3
228.8
203.3
190.6
5.5
7.2
23.0
2.5
269.8 4
241.4 5
230.7 6
2.6 7
8. 1 8
26. 5 9
2.0 10
208.9
154. 1
241.4
171.5
115. 1
148. 1
162.3
176.8
156. 1
143.5
.5
12. 1
14.1
6.5
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
-61.7
54.5
116.2
4. 1
94. 1
21.3
25.4
31.2
16.2
-.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
127.6
28.8
37.4
33.3
28. 1
30. 1
-12.2
7.9
-15. 1
13.3
-13. 1
24.2
-22.9
53.8 20
-12.5 21
.2
6.0
9.2
16.5
23.8 22
276.6
198.8
11
12
13
14
15
16
17
18
19
Fara Business
1 Met incoae
4,110
2,516
2,807
4,329
8,118
5,900
26.5
24.6
19. 1
19. 1
26.3
1
2 Net saving
3 Capital consuaption
4
Corporate
5
Noncorporate
6 Current surplus = gross saving
-90
5,545
687
4,858
5,455
-48
5,570
685
4,885
5,522
-13
5,612
688
4,924
5,599
11
5,644
694
4,950
5,655
43
5,658
689
4,969
5,701
199
5,681
692
4,989
5,880
-. 1
8.5
.8
7.7
8.4
.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
2
3
4
5
6
5,455
989
3,359
204
-2,574
5,522
288
3,526
250
-3,488
5,599
-275
3,451
255
-3,981
5,655
3,739
3,831
248
-340
5,701
6,925
3,445
170
3,310
5,880
4,685
3,422
313
950
8.4
10.2
10.7
1.3
-1.8
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 7
20.4 8
17.6 9
1.7 10
1. 1 11
4,466
382
35
347
332
15
5,234
385
36
349
337
12
5,874
414
37
377
339
38
1,916
413
38
375
338
37
-1,224
384
39
34 5
337
8
1,195
389
40
349
338
11
-1.8
.6
-.2
.8
.5
.2
-7. 1
1.0
.1
.9
.7
.2
-1.8
1.4
-. 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
12
13
14
15
16
17
-4,084
-709
226
310
-1,245
-255
-990
-4,849
4,548
1,029
2,071
1,448
578
870
-5,460
1,499
1,044
586
-131
-111
-20
-1,503
-998
555
-175
-1,378
-169
--1,209
1,608
408
492
557
-641
-100
-541
-806
2,632
918
516
1,198
400
798
2.4
7.8
5.0
1.1
1.7
.1
1.7
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
18
19
20
21
22
23
24
161
-3,536
91
-9,488
236
-7,195
270
-775
348
852
418
-3,856
.2
-5.7
.5
-.8
.8
-7.8
.9
-5.8
1.6 25
-8.3 26
7 Gross investaent
8 Capital expenditures
9
Plant and eguipaent
10
Besidential construction
11
Change in inventories
12 Met financial investaent
13
Net acg. of financial assets
14
Deaand deposits ♦ currency
15
Hiscellaneous assets
16
Insurance receivables
17
Eg. in spons. ags. (2)
18
19
20
21
22
23
24
25
26
Net increase in liabilities
Credit aarket instruaents
nortgages
Bank loans n.e.c.
Other loans
0.S. Governaent
Fed. Int. Credit Banks
Trade debt
Proprietor net investaent
Nonfara Noncorporate Business
1 Net incoae
2 Gross svg.=capital consuap.
33,899
15,241
36,144
15,531
36,525
16,843
37,884
16,579
39,731
16,693
40,583
17,546
75.2
21.3
77.6
24.2
87.8
26.2
101.5
29. 1
110.8
33.2
1
2
3 Gross investaent
4 Capital expenditures
5
Fixed capital
6
Plant and eguipnent
7
Hoae construction (1)
8
Hulti-faaily residential
9
Change in inventories
15,241
16,044
16,976
16,055
-2,005
2,926
-932
15,531
23,052
22,728
15,388
4,257
3,083
324
16,843
22,151
20,936
15,555
2,252
3,129
1,215
16,579
17,442
18,002
15,903
-1,042
3,141
-560
16,693
18,098
17,640
16,713
-2,944
3,871
458
17,546
25,600
24,090
16,927
3,471
3,692
1,510
21.3
28.6
28.6
18.8
-.4
10.2
♦
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
3
4
5
6
7
8
9
-803
931
- ,
355
576
566
10
-7,521
1,252
—
688
564
598
-34
-5,308
1,290
—
681
609
609
-
-863
2,544
—
1,946
598
598
-
-1,405
1,025
—
434
591
592
-1
-€,054
2,198
—
1,609
589
590
-1
-7.4
1.8
.7
1.0
1.0
V
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
10
11
12
13
14
15
16
1,734
7,454
6,035
-1,604
-240
7,879
8,773
16,779
15,808
3,406
1,153
11,249
6,598
18,835
17,357
1,802
2,872
12,683
3,407
20,792
16,643
-834
3,770
13,707
2,430
11,865
9,611
-2,355
3,068
8,898
10,252
24,030
21,672
2,777
5,049
13,846
9. 1
20.2
19.4
-.3
5.5
14.2
-.9
12.5
12.5
.7
—.3
12.0
.5
15.4
14.8
1.2
2.7
10.8
9.9
28.0
23.8
1.6
5. 1
17. 1
19. 1
32.4
26. 1
.4
6.5
19.3
17
18
19
20
21
22
783
636
512
459
-45
1,523
410
3,739
622
1,632
1,185
1,173
-1.0
1.8
-2.0
2.0
-3.6
4.3
.9
3.3
.3 23
6.0 24
638
917
521
82
323
-8,088 -12,560 -17,906 -10,073 -14,695
1.3
■12.3
1. 1
-14.4
2.2
-17.2
1.2
-19.2
3. 1 25
-16.4 26
10 Net financial investaent
11
Met acg. of financial assets
12
Denand deposits ♦ currency
13
Consuner credit
14
Biscellaneous assets
15
Insurance receivables
16
Eguity in spons.ags. (2)
17
18
19
20
21
22
23
24
25
26
Net increase in liabilities
Credit aarket instruaents
Bortgages
Hoae aortgages
Hulti-faaily
Coaaercial
Bank loans n.e.c.
Other loans
Trade debt, net
Proprietor net investaent
-244
-5,476
(1) Fara plus nonfara change in work in process.
(2) Shares in FICB’s, Banks for Coops, and Federal Land Banks.
11/84 BASED ON PBELIHINABI AND INCOHPLETE INFOBHATION
SEPTBHBEB 5,
1984
Total and Noncorporate Eusiness
Total and Noncorporate Business
Sector Stateaents of Saving and Investaent
9
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
I
1980
1979
1981
1982
1983
|1
Nonfinancial
1
2
343.6
243.9
317.9
253.8
3
242.4
236.2
273. 4
4
5
6
7
9
9
10
299.5
280.5
269.2
.2
11.1
14.3
4.7
284.3
289.1
286.5
-.2
2.8
-9.8
5.0
367.3
336.4
328.2
-2.2
10.4
26.0
4. 8
11
12
13
14
15
16
17
18
19
-57.1
131.1
188.3
-7.8
151.7
27.3
40.8
49.3
34.3
-4 8. 1
101.5
149.5
12.9
126. 1
37.5
34.9
33.1
2 0.7
-93.9
69.6
163.5
-11.5
159.4
35.2
33.6
50.4
40.3
20
21
55.1
-10.8
3 9.8
-29.3
22
1.5
17.6
331.5
303.4
1983
I
1984
|
II
III
IV
327.8
382.3
340.4
398.2
1
Business - Total
307. 1
366.9
263.0
333.2
262.8
314.8
281.6
295.2
334.5
319.3
337.6
321.5
2.6
13.4
-26. 1
7.8
339.6
345.3
321.4
7.9
16.0
-13.5
7.8
288.6
328.8
304.3
11.4
13. 1
-42.9
2.7
334.4
335.4
308.2
12.5
14.7
-19.4
18.4
349.9
347. 1
321.9
7.3
17.8
-4.3
7. 1
-56.5
34.0
90.5
11.4
117. 1
33.8
32.3
52.0
-1.0
-24.8
135.7
160.5
28.3
127.7
25.2
61.6
23.4
17.5
-7.0
82.7
89.7
31.2
79.4
31.8
41.1
9.3
-2.8
-39.3
144.2
183.5
45.3
101. 1
35.6
61.0
3.5
1.0
-15.5
129.2
144.7
16.8
129.9
17.3
69.5
16.4
26.7
-37.5
186.6
224.1
20.0
200.3
15.9
74.9
64.3
45.3
-80.2
149.5
229.7
-63.5
221.5
37.4
55.6
91.3
37.2
26.0
-10.5
-10.1
-27.8
52.5
-48.0
6.2
-27. 1
60.7
-23.5
69.2
-71.2
73.9
-70.1
87.6
-16.0
30.0
51.3
52.1
51.5
58.7
47. 8
50.3
20.0
268.0
314. 1
11
I
297.2
353.9
380.4
409. 1
375.9 Incoae before taxes
425.5 Gross saving
1
2
348.0
389. 1
417.0 Gross investaent
3
385.5
369.9
351.0
.3
18.6
12.7
2.9
469.3
389. 1
365.0
6.0
18.1
73.8
6.4
469. 1 Capital expenditures
4
410.5
Fixed investaent
5
Business plant ♦ eguipaent 6
387.4
4.6
7
Hoae construction (1)
8
18.6
Bulti-faaily residential
9
48.5
Change in inventories
Mineral rts. froa U.S. Govt. 10
10. 1
-52.2 let financial investaent
124.8
Net acg. of financial assets
Net increase in liabilities
176.9
-105.5
Corporate eguities
Credit aarket instruaents
241.2
27.6
Eonds
Bortgages
79.5
Eank loans n.e.c.
75.1
59.1
ether loans
73.4
-32.1
Trade debt
Other liabilities
8.6 Discrepancy
11
12
13
14
15
16
17
18
19
20
21
22
Para Business
1
31.9
21.8
31.5
21.8
13.8
16.4
10. 1
11.2
17.3
32.5
23.6 Net incoae
1
2
3
4
5
6
.1
16.3
1.9
14.4
16.4
-.5
18.6
2.2
16.4
18. 1
-.8
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
-.4
22.2
2.7
19.4
21.8
-.2
22.3
2.7
19.5
22.1
-. 1
22.4
2.8
19.7
22.4
*
22.6
2.8
19.8
22.6
.2
22.6
2.8
19.9
22.8
.8 Net saving
22.7 Capital consuaption
Corporate
2.8
Noncorporate
20.0
23.5 Current surplus = gross saving
2
3
4
5
6
7
8
9
10
11
16.4
27.2
19.9
1.7
5.7
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
21.8
4.2
13.4
1.0
-10.3
22.1
1. 1
14.1
.9
-14.0
22.4
-1.2
13.8
.9
-15.9
22.6
14.9
15.3
.9
-1.4
22.8
27.9
13.8
.9
13.2
23.5 Gross investaent
18.6 Capital expenditures
Plant and eguipaent
13.7
Besidential construction
1.2
Change in inventories
3.8
12
13
14
15
16
17
-10.8
2.1
.1
1.9
U5
.4
3.0
2.0
7.3
1.8
. 1
1.7
1.3
.4
17.5
1.6
.1
1.4
1.3
.1
17.6
1.5
.1
1.4
1.3
. 1
21.0
1.5
23.6
1.7
.1
.1
1.9
1.3
.6
-7.6
1.9
.1
1.7
1.1
.6
1.4
1.3
«
1.5
1.4
.2
7.7
1.7
.2
1.5
1.4
.1
-5. 1
1.5
.2
1.4
1.3
•
18
19
20
21
22
23
24
12.9
21.4
11.8
2.8
6.7
3.4
3.3
-1.0
14.4
9.3
.5
4.5
2.6
1.9
9.5
16.3
9.7
1.4
5.2
3.4
1.8
-5.4
7.6
5.0
3.2
-.6
.2
-.8
-15.9
4.3
2.9
2.8
-1.3
*
-1.3
-16. 1
-.5
.5
3. 1
-4.2
-1.3
-2.9
-19.5
2.1
2.7
2.6
-3.2
-.8
-2.3
-21.9
4.7
4.2
1.8
-1.3
-. 1
-1.2
-6.1
11.1
4.0
3.6
3.5
2.4
1. 1
6.7
4.3
1.8
3.9
-1.3
-.6
-.7
-3-3
-6.0
2.5
-3.9
-4.6
-1.5
-3. 1
25
26
1.2
-9.6
1. 0
-16.4
1. 1
-7.9
-.6
-12.5
.8
-21.0
.6
-16.2
.4
-22.0
.9
-27.5
1.1
-18.3
1.4
1.0
1.7
1.0
.1
7
8
9
10
11
4.9 Net financial investaent
Net acg. of financial assets
1.6
Deaand deposits ♦ currency
.2
Biscelianeous assets
1.4
Insurance receivables
1.4
*
Eg. in spons. ags. (2)
12
13
14
15
16
17
Net increase in liabilities
Credit aarket instruaents
Bortgages
Bank loans n.e.c.
Other loans
U.S. Governaent
Fed. Int. credit Banks
18
19
20
21
22
23
24
Trade debt
Proprietor net investaent
25
26
Nonfara Noncorporate Business
162.3 Net incoae
70.2 Gross svg.=caprtal consnap.
1
2
120.8
38.7
118.7
46.2
122.8
53.2
122.5
58.4
144.5
64.2
135.6
61.0
144.6
62. 1
146. 1
67.4
151.5
66.3
158.9
66.8
3
4
5
6
7
8
9
38.7
52.9
53.2
45.5
-.8
8.5
-.4
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
•
61.C
77.5
79.4
64.2
5.2
10.0
-1.8
62. 1
78. 0
78.6
61.6
5.8
11.2
-.6
67.4
80.5
79.3
62.2
3.2
13.8
1.2
66.3
78.7
77.4
63.6
-.3
14.1
1.3
66.8
86.9
82.7
66.9
2.5
13.3
4.2
10
11
12
13
14
15
16
-14.2
4.8
-1.8
3.0
-15.4
4.9
-17. 1
3.8
-14.5
6.0
-16.6
5.8
1.8
3.0
2.9
.1
.4
2.6
2.5
. 1
2.7
2. 1
2. 1
. 1
1.8
2. 1
2.0
*
3.7
2.3
2.4
V
3.5
2.3
2.3
V
-15.9
7.6
5.3
2.3
2.4
-. 1
-13. 1
2.7
.3
2.4
-12.4
8.0
5.6
2.4
2.4
-
-20.1
5.9
3.5
2.4
2.4
*
17
18
19
20
21
22
19.0
34.4
27.6
-.6
5.4
22.8
4.8
33.7
23.5
-.8
5.8
18.4
20.2
40.2
25.8
-1.4
3.5
23.6
21.0
39.5
28.6
.4
6. 1
22.0
20.5
63.9
55.8
2.8
7.6
45.5
22.4
42.4
36.6
4. 1
-1. 1
33.6
23.5
57.8
53.2
4.6
4.9
43.7
15.9
75.4
62.5
11.4
48.5
20.4
79.9
71.0
-.3
15.0
56-4
26.0
61.0
51.4
2.0
12. 1
37.3
29.4
86.0
75.8
1.4
20.6
53.8
23
24
.6
6. 1
3.4
6.8
6.2
8.3
7.3
3.6
1.7
6.4
2.0
3.8
.1
4.5
2.0
11.0
2.6
6.2
1.5
8.2
2.4
7.8
25
26
.1
-15.5
-.9
-2 8.0
-1. 1
-18.9
-2.4
-16. 1
.7
-44.0
-1.0
-19.0
.3
-34.6
1.3
-60.8
2.1
-61.6
2.6
-37.6
3.7
-60.3
2.4
-
2.6
70.2 Gross investaent
87.1 Capital expenditures
Fixed capital
83.2
Plant and eguipnent
67.7
Boae construction (1)
1.7
Bulti-fanily residential
13.8
Change in inventories
3.9
3
4
5
6
7
8
9
-16.9 Net financial investnent
Net acg. of financial assets
12.5
Deaand deposits ♦ currency
Consuaer credit
10.2
Biscellaneoas assets
2.4
Insarance receivables
2.4
♦
Eguity in spons.ags. (2)
10
11
12
13
14
15
16
Net increase in liabilities
Credit narket instrunents
Bortgages
Boae nortgages
flulti-fanily
Connercial
Eank loans n.e.c.
ether loans
Trade debt* net
Proprietor net investnent
(D Fare plus nonfara change in work in process.
(2) Shares in FICB'S* Banks for Coops
BILLIONS OF DOLLABS.
11/84 BASED ON INCOBPLBTE INFOBBATION
1
2
and Federal Land Banks.
17
18
19
20
21
22
23
24
25
26
SBPTBHBBB 5, 1984
Nonfinancial Corporate Business
Nonfinancial Corporate Business
Sector stateaents of Saving and Investnent
j0
ONADJOSTED NET FLOWS (I HILL)
ONADJOSTED NET FLOWS ($ HILL)
1983
I
II
III
IT
1984
|
|
I
II
1974
BILLIONS OF DCLLABS
1975
1976
1977
1978
Nonfinancial Corporate Business, Excluding Faris
25, 034
9,787
16,930
-1,418
38, 110
15,498
16,875
10,635
43,063
16,653
17,047
7,550
42,684
16,074
21,389
1,875
45,096
18, 185
18,515
8,479
49,654
20,046
1e,810
16,662
105. 1
41.8
30.9
32.4
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
1
2
3
4
Capital consuaption adj.
Depreciation charges, NIPA
Earnings rec. froa abroad
U.S. internal funds* book
5,544
52,860
2,060
59,046
7,609
53,136
2,132
73,512
9,110
54,317
1,394
72,371
10,767
54,921
4,279
71,842
11,720
55,712
2,450
78,361
12,804
56,465
2,893
88,824
-1.7
78.7
9.6
118.9
-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
5
6
7
8
9 * Fgn. earnings ret. abroad
10 ♦ Inv. valuation adjustnent
11 = Total internal funds ♦ IVA
3,319
-1,513
60,852
4,325
-3,680
74,157
3,391
-4,304
71,458
3,883
-1,724
74,001
3,694
-3,839
78,216
4,239
-2,562
90,501
6.7
-40.0
85.6
6.9
-11.6
119.7
6.0
-14.7
134.2
4.8
-16.2
157.4
9-2 9
-24.0 10
175.7 11
12 Gross investaent
13 Capital expenditures (1)
14
Fixed investnent
15
Plant and eguipaent
16
Hoae construction
17
Hulti-faaily residential
18
Inventory change » IVA
19
Mineral rts. froa U.S. Govt.
49,481
45,630
52,189
53,590
-2,004
603
-7,242
683
59,850
69,135
65,373
60,187
4,257
929
-836
4,598
67,208
71,362
63,179
59,830
2,252
1,097
6,396
1,787
51,846
70,061
70,806
70,707
-1,042
1,141
-1,462
717
74,633
81,990
65,491
67,433
-2,943
1,001
14,894
1,605
87,900
96,882
83,294
78,541
3,471
1,282
11,068
2,520
85.4
137.9
115.4
114.0
-.4
1.8
16.0
6.5
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
201.6
176.2
173.7
.4
2.0
23.4
2.0
20 Net financial investaent
21
Net acg. of financial assets
3,851
13,290
-9,285
30,221
-4,154 -18,215
42,083 42,484
-7,357
28,131
-8,982
24,789
-52.5
52.2
3.9
41.2
-23.3
53.5
-34.2
62.5
-49.7 20
92.0 21
670
Liguid assets
Deaand dep. and currency -10,377
2,000
Tiae deposits
3,608
Security HP’s
Foreign deposits
3,072
9,469
2,848
3,076
110
406
10,285
832
2,221
-1,572
11
27,473
6,138
9,319
9,098
1,332
-6,331
-8,259
776
3,569
500
3,394
211
-6,493
4,001
784
6.0
1.2
3.8
-5.8
-.2
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
255
350
1,762
1,900
155
974
1,734
117
6,942
551
43
992
-974
-48
-1,895
352
-105
4,644
2.3
.6
4.1
8.7
-.2
3. 1
2. 1
-1. 1
5.0
-6.4
«
-. 1
-2,227
9,657
5,190
1,292
-820
2,112
1,043
15,486
4,223
2,040
-830
2,870
877
26,268
4,653
4,338
933
3,405
3,690
6,172
5,149
1, 162
459
703
-1,414
28,429
7,447
4,846
-1,113
5,959
2,036
18,103
1,256
595
-2,405
3,000
.6
32-3
13.3
8.9
1.2
7.8
.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
944
3
2,951
1,091
4
1,088
1,138
-823
1,086
2
2,899
1,058
1
1,542
1,057
-396
2. 1
*
2.2
2.2
«
-1.4
3.4
♦
3.2
4.4
.1
5.5
5.6 36
♦ 37
-2.8 38
9,439
12,133
7,794
39,506
24,861
11,321
46,237
17,411
4,196
60,699 35,488 33,771
33,378 17,731
17,228
5,000 -15,873 -26,382
104.7
70.2
4. 1
37.3
30.8
9.9
76.8
54.7
10.5
96.7
72.4
2.7
141.8 39
80.$ 40
-. 1 41
4,339
2,454
3,641
13,540
2,883
6,469
13,215
2,073
2,125
28,378
2,021
3,486
33,604
2,000
5,306
43,610
2,219
5,000
66. 1
1.6
19.7
20.9
2.6
27.2
44.2
2.5
22.8
69.7
6.7
22.9
80.6 42
7.7 43
21. 1 44
1
2
3
4
Profits before tax
- Profit tax accruals
- Domestic net dividends
= Doaestic undist. profits
5
6
7
8
♦
♦
♦
=
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
U.S. Govt, securities
Tax exeapt obligations
Coaaercial paper
Consuner credit
Trade credit
Hiscellaneous assets
Foreign dir. invest.
Eguity, etc.
Betained earnings
(2)
Insurance receivables
Eguity in sponsored ags.
Other
Net increase in liabilities
Net funds raised in nkts.
Net new eguity issues
15.8
4.4
2.0
5.5
2.0
12
13
14
15
16
17
18
19
22
23
24
25
26
1.5 27
.2 28
• 2 29
1.8
56.0
18.5
15.7
4.4
11.3
30
31
32
33
34
35
42
43
44
Debt instrunents
Tax-exeapt debt (3)
Corporate bonds (2)
45
46
47
48
Hortgages
Hoae aortgages
Multi-family
Commercial
-1,636
-1,604
174
-206
3,509
3,406
285
-182
1,870
1,802
222
-154
-811
-834
150
-127
-2,256
-2,355
198
-99
2,733
2,777
27
-71
.9
-.3
1.4
-.2
-1. 1
.7
.3
-2. 1
2.4
1.2
1.2
-
3.5
1.6
2.C
-. 1
4. 1
.4
2.7
1. 1
45
46
47
48
49
50
51
52
53
Bank loans n.e.c.
Coaaercial paper
Acceptances
Finance coapany loans
U.S. Governaent loans
-2,526
2,546
-1,386
1,290
-44
-648
-1,614
-38
2,636
343
3,648
1,127
611
2,034
-273
18,425
-2,512
456
7,790
-477
17,676
4,106
-101
6,673
200
18,464
10,629
1,237
3,178
150
31.1
4. 1
1.3
5.8
1.5
-9. 1
-2.9
.2
3.8
.2
5.2
1.4
1.3
8.4
.2
20.9
1.6
.6
13.5
V
30.6
2.7
1.2
11.5
1.7
49
50
51
52
53
1,084
-6,083
2,305
2,409
-104
-3,414
14,732
3,327
3,054
273
4,916
20,588
3,322
2,823
499
3,172
21,804
2,345
1,656
689
4,540
11,355
1,862
912
950
-5,342
17,851
4,034
3,034
1,000
1. 1
28.7
4.8
3.7
1. 1
-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
54
55
56
57
58
11,371
14,307
4,250
22,155
3,583
2,601
.2
6.0
9.2
16.5
23.8 59
15,740
10,869
754
19,089
5,680 -15,632
10,440
11,966
17,074
15,666
252
25,501
3.6
41.5
-.5
42.4
8.4
45.2
14.0
59.9
6.9 60
63.8 61
4,459
-120
-5,119
12,861
679
11,997
6,068
7,147
32,651
4,696
23,682
48,658
5,050
28,554
44,449
9,952
33,658
46,167
22.2
43.9
73.6
28.7
-7.9
-4.0
27.7
16.5
34.2
33. 1
36.6
57.2
32.9 62
47.7 63
101.0 64
39,094
74,985
9,509
40,666
93,227
19,584
38,671
99,865
18,518
37,658 40,325 40,371
94,675 104,825 107,050
40,504 40,985 45,013
39.8
161.0
47.9
38.4
91.7
19.0
39.0
110.5
29.8
38.0
111.3
39.8
37.5 65
114.7 66
40.0 67
(1) Capital outlays on book basis:
-7,242
68 Inventory change, NIPA
-1,513
69 Less: Inv. val. adjustnent
-5,729
70 Inventory change before IVA
-836
-3,680
2,844
6,396
-4,304
10,700
-1,462
-1,724
262
14,894
-3,839
18,733
11,068
-2,562
13,630
16.0
-40.0
55.9
-9.3
-11.6
2.2
12.8
-14.7
27.5
19. 9
-16.2
36. 1
23. 4 68
-24.C 69
47.5 70
47,143 72,815
71 Total cap. expend, before IVA
59,046 73,512
72 U.S. internal funds, book
Financing gap:
Excess of capital expenditures
-697
-11,903
over U.S. internal funds
73
75,666
72,371
71,785
71,842
85,829
78,361
99,444
88,824
177.8
118.9
121.3
124.4
163.0
142.9
191.3
168.7
225.6 71
190. 5 72
3,295
-57
7,468
10,620
59.0
-3. 1
20. 1
22.5
35. 1 73
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
Benorandun items:
Trade credit net of trade debt
Profits tax paynents
Debt subtotals:
Securities and mortgages
Loans and short-tera paper
Total short-tera liab. (4)
Per cent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. nkt. borrowing/cap. exp.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and O.S. foreign direct investnent is before subtracting refIons of
capital froa Netherlands Antilles subsidiaries* foreign financing.
(3) Industrial revenue bonds. Issued by state and local governnents
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 aoce than one year and excludes
current naturities of securities and nortgages.
11/84 BASED ON PBELIMINABT AND INCOHPLETE INFOBHATION
SEPTEHBEfi 5, 1984
Nonfinancial Corporate Basiness
lonfinancial Corporate Easiness
Sector Stateaents of Saving and Investaent
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
|
1
1983
I
III
II
ll
|
l
1984
I
II
Nonfinancial corporate Business, Excluding Earns
1
2
3
4
1
2
3
4
190.9
68.9
54.7
67.3
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
110.9
41.9
70.4
-1.3
142.6
56.4
71.0
15.1
170.5
67.0
72.9
30.6
171.6
66.7
74.7
30.2
189.0
74.5
76.9
37.6
190.0
74.8
79. 1
36.0
Profits before tax
- Profit tax accruals
- Doaestic net dividends
» Doaestic undist. profits
5
6
7
8
-13.7
147.7
15.1
216.4
-14.3
167.8
18.2
220.7
-6.0
189.5
14.5
244.1
4.0
207. 1
12.6
234.0
33.0
215.2
9.9
276.8
22.2
211.4
9.7
241.9
30.4
212.5
8.5
266.6
36.4
217.3
10.1
294.4
43. 1
219.7
11.2
304.2
46.9
222.8
11.4
318.8
51.2
225.9
11.5
324.6
♦
♦
♦
=
Capital consuaptioa adj.
Depreciation charges, NIPA
Earnings rec. froa abroad
U.S. internal funds, book
5
6
7
8
9
10
11
15.5
-43.1
188.8
11.7
-42.9
189.5
9.9
-23.6
230.4
9.8
-9.5
234.3
14.9
-11.2
280.5
12.8
-4.3
250.4
15.2
-12.1
269.7
17.4
-19.3
292.5
14.4
-9.2
309.3
14.3
-13.5
319.6
14.6 * Fgn. earnings ret. abroad
-7.4 ♦ Inv. valuation adjustaent
331.8 = Total internal funds * 71A
9
10
11
12
13
14
15
16
17
18
19
187.3
219.4
205.7
203.9
-.8
2.6
9.0
4.7
171.9
221.2
219.3
217.8
-1.0
2.5
-3.2
5.0
200.4
271.3
249.4
248.5
-1.7
2.6
17.0
4.8
183.0
229.6
244.0
241.1
.5
2.3
-22. 1
7.8
228.4
256.2
251.5
244.3
3.5
3.8
-3.1
7.8
198.9
206.9
235.0
226.7
5.2
3. 1
-30.8
2.7
211.0
255.3
241.8
232.6
5.8
3.5
-4.9
18.4
244.7
270.6
253. 1
245.9
3.2
4.0
10.4
7. 1
259.0
291.9
276.3
272.1
-.3
4.5
12.7
2.9
299.5
354.5
291.7
284.3
2.5
4.8
56.4
6.4
323.2 Gross investaent
363.4 Capital expenditures (1)
Fixed investaent
312.5
Plaut and eguipaent
306.0
1.7
Boae construction
4.8
Hulti-faaily residential
40.8
Inventory change ♦ IYA
10.1
Hineral rts. froa U.S. Govt.
12
13
14
15
16
17
18
19
20
21
-32.1
124.3
-49.2
96.5
-70.9
62.9
-46.6
28.4
-27.8
128.1
-8.1
75.4
-44.4
135.1
-25.9
124.6
—32.8
177.0
-54.9
142. 1
20
-40.2 Net financial investaent
110.7
Net acg. of financial assets 21
22
23
24
25
26
18.6
6.3
4.7
2.6
1.5
16.4
3.8
4.0
6.6
1.1
17.9
-10.5
14.9
•
.5
27.1
9.5
5.3
3.7
-2.5
47.9
-.6
16.6
11.2
4.8
40. 5
-9.3
12.6
14.4
12.3
46.7
7.0
18.9
.4
1.6
32. 1
.8
11-1
-6.3
*
72.3
-.7
23.9
36.4
5.3
16.9
1.2
8.1
14.3
2.0
23.7
-4. 1
-18.5
16.0
3. 1
27
28
29
1.6
*
1.9
3.4
-.2
-2.3
3.0
*
10.0
3.2
. 1
7.9
4.4
.7
10.7
-3.6
1.4
12.8
11.2
.6
6.9
11.4
.5
14.5
-1.3
.2
8.4
-8. 1
-.2
-.4
6.2
-.4
21.3
30
31
32
33
34
35
1.6
69.4
34.6
26.6
7.6
19.0
.5
47.4
32.3
21.9
4.9
17.0
2.6
20.8
21.6
13.0
-. 5
13.5
.6
-11.9
12.6
4.4
-2.0
6.4
3.4
57.6
19.2
8.8
-.3
9.1
.9
15.8
18.2
4.9
-3.6
8.4
4.6
63.5
20.4
7.0
-4.4
11.5
*
72.9
19.8
14.5
-9
13.6
8.1
78.1
18.4
8.9
6.1
2.8
5.8
92.4
27.0
18.7
-5.1
23.8
8.4
69.9
8.7
1.4
-10.6
12.0
36
37
38
5.5
.1
2.5
4.7
♦
5.7
3.7
4.9
2.7
. 1
5.4
4.3
a
6.1
3.8
«
9.5
4.4
*
9.0
4.6
.8
4.3
♦
5.2
4.2
«
4.0
4.2
3. 1
39
40
41
156.4
88.2
-7.8
145.7
90.9
12.9
133.8
91.5
-11.5
75.0
81.4
11.4
155.9
87.8
28.3
83.5
68.7
31.2
179.5
86.5
45.3
150.7
66.6
16.8
209.8
129.4
20.0
197.0
92.6
-63.5
150.8
55.7
-105.5
42
43
44
96.0
10.0
17.3
78. 1
10.9
26.7
102.9
13.4
21.8
70.0
15.1
18.7
59.5
9.4
15.7
37.5
9.8
22.0
41.2
11.5
24.0
49.8
8.3
9.1
109.4
8.1
7.8
156. 1
8.0
29.4
161.2
8.9
18.7
45
46
47
48
1.4
-.6
2.4
— .4
2.0
-.8
3.0
-.2
-1.9
-1.4
.8
-1.3
-1.3
.4
-.6
-1. 1
2.9
2.8
.8
-.7
4.0
4. 1
.7
-.8
5.0
4.6
1.1
-.7
2.8
2.6
.9
-.6
-.2
-.3
.6
-.5
2.4
2.0
.8
-.4
1.2
1.4
. 1
-.3
49
50
51
52
53
45.9
9.0
1.0
10.2
1.2
29. 1
4.0
.8
3. 1
1.5
42.9
14.7
2.2
8.7
1.2
41.5
-5.6
.7
-.5
1.3
18.9
-.5
-.4
13.8
-.5
4. 1
-5.6
-2.6
5.9
-.2
.8
-11.8
.6
9.5
1.4
12.6
1.5
2.8
13.8
-1.1
58.0
14.1
-2.4
25.8
-1.9
86.0
-1.6
3.4
27.7
.8
54
55
56
57
58
2.5
53.8
11.9
7.9
4.0
-1.7
39.6
16.9
10.7
6.2
-6.8
26.0
23.1
19.4
3.8
-14. 1
-7.2
14.9
16.2
-1.3
5.8
51.0
11.3
9.9
1.4
-1.0
6.6
9.2
9.6
-.4
19.8
60.0
13.3
12.2
1. 1
3.9
66.9
13.3
11.3
2.0
.4
70.7
9.4
6.6
2.8
13.2
83.7
7.4
3.6
3.8
59
1.5
17.6
30.0
51.3
52.1
51.5
58.7
47.8
50.3
20.0
Liguid assets
Deaand dep. and currency
Tine deposits
Security BP’s
Foreign deposits
22
23
24
25
26
U.S. Govt, secarities
Tax exeapt obligations
Coaaercial paper
27
28
29
Consaaer credit
Trade credit
Hiscellaneous assets
Foreign dir. invest.
Eguity, etc.
Betained earnings
Insurance receivables
36
Eguitf in sponsored ags. 37
Other
38
Net increase in liabilities
Net funds raised in akts.
Net nea eguity issues
42
43
44
Hortgages
Boae aortgages
Hulti-faaily
Coaaercial
45
46
47
48
76.6
37.6
6.0
11.6
.6
Bank loans n.e.c.
Coanercial paper
Acceptances
Finance conpany loans
U.S. Governaent loaas
49
50
51
52
53
11.0
68.0
16. 1
12. 1
4.0
Profit taxes payable
54
Trade debt
55
Fgn.direct invest, in U.S. 56
Eguity, etc.
57
Betained earnings
58
8.6 Discrepancy
15.6
68.1
7.7
69.0
-5. 1
71. 1
-4.8
58.3
6.5
52.4
9.2
43.8
3.5
36.0
6.0
63.4
7.5
66.3
8.7
61.7
1.9
63.4
62
63
64
28.7
67.3
123.7
39.6
38.5
76.4
33.3
69.7
88.8
32.5
37.5
16.3
28.1
31.4
88.2
35.8
1.7
7.3
40.6
.6
80.3
20.2
29.6
100.5
15.7
93.6
164.7
39.8
116.3
213.2
28.8
132.5
211.5
65
66
67
36.1
116.2
43.8
37.6
116.7
35.3
35.9
117.8
37.9
35.8
98.0
30.5
39.0
91.3
23.2
37.8
82.6
18. 1
39.6
94.7
16.1
39.3
92.5
18.4
38.9
94.4
37.5
39.4
110.9
44.0
39.4
109.5
44.4
68
69
70
9.0
-43.1
52.1
-3.2
-42.9
39.7
17.0
-23.6
40.6
-22. 1
-9.5
-12.7
-3.1
-11.2
8.1
-30.8
-4.3
-26.5
-4.9
-12. 1
7.2
10.4
-19.3
29.6
12.7
-9.2
22.0
56.4
-13.5
69.9
71
72
262.6
216.4
264.0
220.7
294.9
244. 1
239. 1
234.0
267.4
276.8
211.2
241.9
267.4
266.6
289.9
294.4
73
46.2
43.3
50.8
5. 1
-9.4
-30.7
.8
-4.5
lieaorandua iteas:
Trade credit net of trade debt
Profits tax paynents
Debt subtotals:
Securities and nortgages
Loans and short-tern paper
Total short-tern liab. (4)
Per cent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. akt. borroving/cap. exp.
(1) Capital outlays on book basis:
40.8 Inventory change, NIPA
-7.4 Less:
Inv. val. adjustaent
48.2 Inventory change before IVA
301. 1
367.9
370.8 Total cap. expend, before IVA
304.2
318.8
324.6 U.S. internal funds, book
Financing gap:
Excess of capital expenditures
-3.1
49.2
46.2
over U.S. internal funds
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting reflovs of
capital froa letherlands 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.
BILLIOIS 01 DOLLABS.
Loans (except aortgages), short-tera paper, profit taxes payable, aad
trade debt. Includes loans due in nore than one year and excludes
current naturities of securities and aortgages.
11/84 BASBD 01 INCOHPLETE INFOBHATION.
39
40
41
Debt instruaents
Tax-exeapt debt (3)
Corporate bonds (2)
60
61
(4)
30
31
32
(2) 33
34
35
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
SEPTEBBEB 5,
1984
State and Local Govts, and foreign
State and Local Govts. and foreign
Sector Statenents of Saving and Investaent
UNADJOSTED SET FLCiiS{$ HILL)
UNADJUSTED SET ELONS (I SILL)
1
II
III
IV
1
II
I
1974
BILLICNS OF DOLLABS
1975
1976
1977
1978
State aad local Governaents - General Funds (1)
1 Total receipts, NIA basis
2
Tax receipts
3
Social insurance receipts
4
Grants-in-aid received
1 13,642 117,935 115,807 130,847 126,101 130,069
83,262
£6,934 84,655 98,097 93,979 96,249
9,437
9,636
9,849
10,085
10,322
10,525
20,943 21,365 21,303 22,665 21,800 23,295
211.4
152.8
14.6
43.9
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
1
2
3
4
5 Total expenditures, NIA basis
103,263 107,552 111,861 111,418 111,244 116,636
6
Purch. of goods and services 98,676 103,090 107,296 106,716 106,511 111,973
7
Net interest and transfers
4,587
4,565
4,462
4,702
4,733
4,663
204.6
193. 1
11.5
232.2
217.2
15.0
251.2
232.9
18.3
26S.7
250.4
19.3
297.3
278.3
19.0
5
6
7
8 Net surplus, NIA basis
9 - Betirenent credit to HH
10 * Gross saving
10,379
13,297
-2,918
10,383
12,256
-1,873
3,946
7,296
-3,350
19,429
11,651
7,778
14,857
10,682
4,175
13,433
10,640
2,793
6.8
9.7
-2.9
5.5
11.3
-5.8
16.6
12.9
3.7
28.0
15.9
12. 1
30.3 8
20.7 9
9.6 10
11 Net financial investnent
12
Net acg. of financial assets
13
Deaand dep. and currency
14
Tine deposits
15
Security BP’s
-5,971
-2,798
-3,338
1,030
1,806
-2,181
15,833
1,485
-3,623
-14
3,258
8,712
-2,429
-1,382
707
5,479
16,368
557
508
522
627
2,568
1,827
-1,365
2,079
1,980
£,926
1,320
-148
1,016
-6.9
9.5
-.5
5.7
3.6
-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
31
12
13
14
15
16
17
18
19
20
21
Credit narket instrunents
U.S. Govt, securities
Treasury issues
Agency issues
Tax exenpt obligations
Hortgages
522
-1,902
-3,638
1,736
954
1,470
19,476
18,043
16,577
1,466
-4
1,437
8,670
7,119
6,113
1,006
101
1,450
11,692
10,297
9,176
1, 121
-105
1,500
1,198
-236
-1,21 1
975
234
1,200
7,020
5,579
4,403
1,176
41
1,400
.1
-2.9
-5.5
2.5
.5
2.5
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
16
17
18
19
20
21
Taxes receivable
-2,818
-1,491
3,146
3,089
-1,171
-282
.7
.6
2.2
1.8
3,173
2,981
2,739
-5,169
7,908
242
18,014
17,844
17,527
904
16,623
317
5,454
5,267
4,914
-933
5,847
353
10,889
10,646
10,449
-1,368
11,817
197
1,941
1,703
1,653
-489
2,142
50
6,946
6,708
6,608
1,611
4,997
100
16.4
14.6
13.9
2.7
11.2
.7
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
29
187
Trade debt
192
170
30 Discrepancy
3,053
308 -6,608
(1) Enployee retireaent funds are in insurance sector.
243
2,299
238
3,548
238
813
1.8
4.0
1.3
5.4
.5
6.3
.7
1.9
22
23
24
25
26
27
28
Net increase in liabilities
Credit narket borrowing
Tax exenpt obligations
Short-tera
Other
U.S. Governaent loans
.8 22
18.3
16.5
18. 1
.6
17.5
-1.6
23
24
25
26
27
28
1.7 29
4. 8 30
Foreign Sector
1 Net O.S. export receipts
2
U. S. export receipts
3 - U.S. inport paynents
2,173
78,678
76,505
-5,145 -10,170 -10,047 -15,316 -17,065
79,333 79,197 82,685 85,081 88,434
84,478 89,367 92,732 100,397 105,499
6.7
138.4
131.7
19.9
146.9
127.0
7.7
163.2
155.4
-8.8
176.3
185. 1
-10.3
206.9
217.3
1
2
3
4 - Transfers to foreign
5 - U.S. Govt, interest paid
6 = U.S.current a/c net receipts
* Net corporate earnings
retained abroad
7
fi = Fgn. current acct. balance
(U.S. balance, sign reversed)
1,505
1,734
2,856
1,904
1,840
1,612
4,334
4,391
4,604
4,416
4,516
4,900
-3.723 -11,263 -16,426 -17,419 -21,824 -23,577
4.2
4.3
-1.8
4.0
4.5
11.4
4. 1
4.5
-.9
4. 1
5.5
-18.5
4.5
8.7
-23.6
4
5
6
3,319
404
4,325
6,938
3,391
13,035
3,883
13,536
3,694
18,130
4,239
19,338
6.7
-4.9
6.9
-18.3
6.0
-5.1
4.8
13.6
9.2
14.3
7
8
9 Net financial investnent
-11,507
10
Net acg. of financial assets
569
11
Gold and SDB’s (1)
-88
12
U.S. denand deposits
480
13
U.S. tine deposits
-61
14
Net interbank clains
-8,546
10,031
16,020
-296
808
381
6,626
9,908
15,649
-206
-802
-1,805
8,273
18,241
31,219
554
1. 1 19
1,999
13,703
1,618
12,749
-218
-136
-759
4,584
3,965
15,831
-276
87
3,695
4,017
-2.5
26.6
-.2
2.8
7.7
*
-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. S
1.2
-. 2
1. 1
5.7
9
10
11
12
13
14
2.4
38.0
28.2
1.9
7.9
15
16
17
18
19
15
16
17
18
19
U.S. corporate eguities
Credit aarket instrunents
U.S. Govt, securities
U.S. corporate bonds (2)
Open-narket paper
2,720
4,935
6,704
526
-2,295
1,254
6,281
3,881
1,817
583
976
2,584
149
684
1,751
460
13,292
6,154
1,824
5,314
552
2, 188
24
892
1,272
-472
7,370
4,663
1,376
1,331
.5
11.2
3.7
.9
6.6
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
20
21
Security credit
Trade credit
-3,708
589
1,722
-89
801
383
*
1.8
. 1
1.6
3.4
1.7
22
23
24
25
26
Hiscellaaeous assets
Dir. investaent in U.S.
Eguity, etc.
Betained earnings
Other
4,837
2,305
2,409
-104
2,532
377
3,327
3.054
273
-2,950
4,907
3,322
2,823
499
1,585
161
2,345
1,656
689
-2,184
5,737
1,862
912
950
3,875
1,027
4,034
3,034
1,000
-3,007
2.7
4.8
3.7
1.1
-2.0
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
27
Net increase in liabilities
U.S. off. fgn. exchange
♦ net IHF position
U.S. private deposits
12,076
5,989
5,741
12,978
11,131
11,866
29.2
29.5
40.4
24.3
56. C 27
522
-1,505
-536
868
-854
257
1,377
3,353
729
2,376
-168
-19
1.3
-.2
.8
.8
2.5
1.7
.1
1.3
-5 28
2.4 29
1,016
2,201
894
1,855
5,614
1,417
847
3,627
714
264
7,454
744
-343
-1,136
224
6
13,034
778
-.2
15.0
2. 1
.2
11.3
6.2
.3
19.3
8.6
.4
13.5
5. 1
-.5 30
33. £ 31
4.2 32
28
29
30
31
32
Foreign corporate eguities
Credit narket instrunents
Corp, and foreign bonds
- 20
3.0 21
7.6
7.9
5.3
2.6
-.3
22
23
24
25
26
33
34
35
36
Bank
To
To
To
loaas n.e.c.
foreign official
foreign banks
other foreign
4,400
1,255
781
2,364
1,433
851
54
528
-559
-266
-530
237
-388
1,200
-1,209
-379
-612
149
-1,189
428
-1,471
-518
468
-1,421
4.0
.3
3. 1
.6
2.0
.3
1. 1
.7
5.6
.9
4.2
.5
3. 1
. 1
2.7
.3
37
38
Open-narket paper
U.S. Governnent loans
-4, 195
1,102
1,911
853
2,268
1,204
5,982
1,116
-2,509
1,761
12,536
1,191
7.3
1.6
.3
2.8
1.9
3.3
2.4
3.0
6.6 37
3.9 38
80
-213
219
156
150
376
»
3. 1
. 1
.7
.3
.5
- 39
-.3 40
9,762
52
77
1,292
-820
2,112
8,341
-1,599
359
37
2,040
-830
2,870
-4,035
1,645
65
-40
4,338
933
3,405
-2,718
374
211
-22
1, 162
459
703
-977
9,355
87
242
4,846
-1,113
5,959
4,180
-1,363
102
13
595
-2,405
3,000
-2,073
10.2
.6
-.6
8.9
1.2
7.8
1.3
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
11,911
-3,093
3,127
-4,705
16,512
15,373
-2.4
5.7
9.6
-2.9
11.5 48
39
40
Security debt
Trade debt
41
42
43
44
45
46
47
Hiscellaneous liabilities
U.S.eguity in IBBD, 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 investnent is before subtracting reflows of
capital frot Netherlands Antilles subsidiaries* foreign financing.
11/84 BASED OS PRELIHIBABY
AND INCOHPLETE INFOBHATION
19. 1
2.1
9.5
7.4
33
34
35
36
41
42
43
44
45
46
47
SEPTEHBEB 5, 1984
State and Local Govts, and Foreign
State and Local Govts, and Foreign
13
Sector Statements of Saving and Investment
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
1
I
II
III
IV
|
I
II
State and Local Governments - General Funds (1)
— — — ————— ----- —— ——— ----------- 1
2
3
4
352.0
244.0
27.4
80.5
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
458.3
335. 1
37.7
85. 5
473.5
348.6
38.5
86.3
486. 1
360.0
39.4
86.7
495.0
368. 1
40.3
86.5
509.6
377.8
41.3
90.6
520.0 Total receipts, NIA basis
Tax receipts
384.7
Social insurance receipts
42. 1
Grants-in-aid received
93.2
1
2
3
4
5
6
7
321.5
306.0
15.5
355.5
340.8
14.8
382.4
367.6
14.8
409.0
391.5
17.5
434. 1
415.8
18.3
424. 2
405.8
18.4
429.6
411.6
18.0
438.7
420.6
18. 1
443.8
425. 1
18.7
455.7
436.8
18.9
466.3 Total expenditures, BIA basis
Purch. of goods and services
447.5
Net interest and transfers
18.8
5
6
7
8
9
10
30.4
16.2
14.2
30.6
26.5
4. 1
37.6
31.0
6.6
32.9
37.3
-4.4
44. 1
44.5
-.4
34. 1
53.2
-19. 1
43.9
49.0
-5. 1
47.4
29.2
18.2
51.2
46.6
4.6
53.9
42.7
11.2
11
12
13
14
15
5.2
24.5
-1.5
-1.0
4.0
-2.8
16.4
-.8
-1.7
*
6.7
13.9
-1.6
2.4
2.5
-2. 1
30. 1
-3.7
6.0
.1
.6
38.1
-3.7
-3.5
3.0
-16.8
15.0
-5.5
-4.6
7.2
-4.0
49.4
-.4
-1.9
-.1
18.5
44.3
-4.4
-5.9
2.8
4.7
43.7
-4.6
-1.5
2.1
11.3
40. 1
14.9
-13.9
8.3
16
17
18
19
20
21
21.5
15.6
8.7
6.8
-.5
6.3
18.0
7.9
6.5
1.4
.2
9.9
9.6
1.9
-1.0
2.9
.1
7.6
29. 1
22.6
15.0
7.6
1.6
4.9
40.4
33.6
28.2
5.3
.9
5.9
19. 1
9.4
2.4
6.9
3.8
5.9
50.0
44.2
38.4
5.9
*
5.7
48.7
42.5
38.5
4.0
.4
5.8
43.7
38.1
33.6
4.5
-.4
6.0
24.9
19.2
15.3
3.9
.9
4.8
-4.4
-10. 1
-14.8
4.7
.2
5.6
22
1.5
1.1
1.0
-1.4
1.9
-1.2
1.9
3. 1
4.0
5.9
6.8
23
24
25
26
27
28
19.3
17.8
17.4
1.0
16.5
.2
19.2
17.2
16.3
1.7
14.6
.9
7.3
6.2
4.9
1. 1
3.8
1.2
32.2
31.3
30.3
5.9
24.4
1.0
37.5
36.7
35.6
-6.6
42.2
1.1
31.9
31. 1
30. 1
-11.7
41.8
1.0
53.4
52.7
51.5
-3.8
55.2
1.3
25.9
25. 1
23.7
-6.4
30. 1
1.4
29
30
1.6
9.0
2.0
6.9
1. 1
*
.9
-2.3
.8
-.9
.8
-2.3
.7
-1. I
.7
-.2
53.7 Net surplus, NIA basis
42.6 - Betireaent credit to HH
11. 1 = Gross saving
8
9
10
10.7 Bet financial investaent
Net acg. of financial assets
16.9
-1.4
Denand dep. and currency
Tiae deposits
11.8
4. 1
Security BP’s
11
12
13
14
15
Credit narket instrunents
O.S. Govt, securities
Treasury issues
Agency issues
Tax exeapt obligations
Bortgages
Taxes receivable
16
17
18
19
20
21
22
Net increase in liabilities
Credit narket borrowing
Tax exenpt obligations
Short-tern
Other
O.S. Governaent loans
23
24
25
26
27
28
Trade debt
1.0
1.0
1.0
.4 Discrepancy
-.2
-. 1
(1) Employee retirenent funds are in insurance sector.
29
30
39.0
38.0
37.2
-4.4
41.6
.8
28.8
27.9
27.7
8.0
19.7
.2
6.2
5.3
4.9
-1.8
6.7
.4
Foreign Sector
1
2
3
-2.3
261.9
264.2
12.2
32 0.9
308.7
18. 1
356.3
338.2
9.2
339.9
330.7
-23.2
319.9
343.1
6.9
316.2
309.3
-21.6
311.8
333.4
-33.8
322.6
356.4
-44.2
329.0
373.2
-65.8
340.8
406.6
-69.3 Net O.S. export receipts
U.S. export receipts
348.3
417.6 - U.S. inport paynents
1
2
3
4
5
6
5.1
11.1
-18.4
6.3
12.5
-6.6
6.5
16.8
-5.2
7.5
18.1
-16.4
8.0
17.7
-48.8
6. 1
17.6
-16.8
7.1
17.3
-46. 1
7.5
17.7
-58.9
11.3
18.1
-73.5
7.7
18.4
-92.0
4
5
6
7
8
15.5
2.9
11.7
-5.1
9.9
-4.7
9.8
6.6
14.9
33.9
12.8
4. 1
15.2
30.9
17.4
41.5
14.4
59.1
14.3
77.7
6.4 - Transfers to foreign
19.6 - U.S. Govt, interest paid
-95.3 = U.S.current a/c net receipts
♦ Net corporate earnings
retained abroad
14.6
80.7 = Fgn. current acct. balance
(U.S. balance, sign reversed)
9
10
11
12
13
14
-24.5
31.7
-.1
4.2
1.2
22.3
-26.7
29.7
1.1
«
1.2
-23.2
-27.3
34.2
-.7
-3.8
2.3
-7.0
-34.3
.9
-1.4
-3.7
6.8
-30. 1
26.7
63.5
*
1.6
.5
20.1
-34.5
-11.5
-.4
6.2
1.3
-44. 1
29.7
54.6
-1.2
-3.6
-.4
12.2
39. 1
69.4
-.8
1.2
-2.7
37.4
72.4
141.4
2.2
2.6
3.8
74.8
22.3
36.9
-.9
2.4
-1.2
10. 1
-.6 Net financial investaent
Bet acg. of financial assets
48.5
Gold and SDB’s (1)
-1. 1
U.S. deaand deposits
-6.0
U.S. tine deposits
12.2
Net interbank claias
-4.4
9
10
11
12
13
14
15
16
17
18
19
1.7
-4.6
-14.1
2.6
6.9
5.4
23.2
10.6
8.2
4.4
5.8
16.3
7.0
8.4
.8
3.9
18. 1
8.0
10.6
-.5
5.4
27.1
16.9
4.9
5.4
9.0
22.0
23.6
2. 1
-3.7
4.4
31.6
22.3
7.3
2.0
5.8
6.2
-1-2
2.7
4.6
2.6
48.6
22.9
7.3
18.4
.1
13.2
-1.4
3.6
11.0
-2.5
33.5
23.0
5.5
5. 1
U.S. corporate eguities
Credit narket instruaents
U.S. Govt, securities
O.S. corporate bonds (2)
Cpen-narket paper
15
16
17
18
19
20
21
Security credit
.2
3.6
*
. 1
-1.5
-14.8
2.4
6.9
-.4
3.2
1.5
Trade credit
20
21
22
23
24
25
26
6.8
11.9
7.9
4.0
-5.1
18.4
16.9
10.7
6.2
1.5
21.3
23. 1
19.4
3.8
-1.9
7.2
14.9
16.2
-1.3
-7.7
10.3
11.3
9.9
1.4
-1.0
9.2
9.2
9.6
-.4
*
9.3
13.3
12.2
1.1
-4.0
15.4
13.3
11.3
2.0
2. 1
7.2
9.4
6.6
2.8
-2.2
10.0
7.4
3.6
3.8
2.5
15. 1
16. 1
12. 1
4.0
-1.0
Hiscellaneous assets
Dir. investaent in U.S.
Eguity, etc.
Betained earnings
Other
22
23
24
25
26
Net increase in liabilities
U.S. off. fgn. exchange
♦ net INF position
U.S. private deposits
27
7
8
27
56.2
56.5
61.5
35.2
36.8
23.0
24.9
30.2
69.0
14.6
49.0
28
29
*
6.1
8.0
2.8
2. 1
12.6
3.0
2. 4
.5
3.0
2. 1
-6.0
-2. 1
3.5
-3.4
1.0
5.5
13.4
2.9
9.5
-.7
-. 1
30
31
32
.8
20.2
3.9
2.1
27.2
.8
.3
27.2
5.4
1.5
15.7
6.7
4.0
16.9
3.8
4. 1
8.9
3.6
7.4
21.6
5.7
3.4
13.3
2.9
1.1
31.7
3.0
-1.4
-6.3
.9
*
50.5
3.1
33
34
35
36
2.3
2.1
-4.1
4.2
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
17.7
5.0
5. 1
7.6
4.9
3.4
-1.3
2.8
-3.4
-1.1
-2.9
.6
.3
4.8
-4.6
.1
-4.2
.6
-4.3
-.5
-7.5
-2. 1
.4
-5.8
Bank
To
To
To
loans n.e-c.
foreign official
foreign banks
other foreign
33
34
35
36
37
38
11.2
2.9
10. 1
4.7
13.9
4.2
10.7
4.5
6.0
4.3
-16.8
4.4
7.6
3.4
9.1
4.8
23.9
4.5
-10.0
7.0
50.1
4.8
Open-narket paper
U.S. Governnent loans
37
38
39
40
1.5
1.7
.2
-2.7
-2
.3
-.9
.9
.6
.6
1.5
41
42
43
44
45
46
47
27.6
.8
*
26.6
7.6
19.0
.2
14.7
.7
-. 2
21.9
4.9
17.0
-7.8
19. 1
1. 1
-.2
13.0
-.5
13.5
5.2
15.4
1.3
.4
4.4
-2.0
6.4
9.4
10.2
.7
. 1
8.8
-.3
9.1
.6
13.6
.2
.3
4.9
-3. 6
8.4
8.2
-4.6
1.4
.1
7.0
-4.4
11.5
-13.2
15.0
-3
-.2
14.5
.9
13.6
.4
16.7
•8
-.1
8.9
6.1
2.8
7.0
9.2
.3
1.0
18.7
-5. 1
23.8
-10.8
-2.3
.4
. 1
1.4
-10.6
12.0
-4.1
48
27.5
21.6
22.6
40.8
7.2
38.6
1.2
2.4
-13.3
55.3
http://fraser.stlouisfed.org/
BILLIONS OF
Federal Reserve Bank of St. Louis
Foreign corporate eguities 30
Credit narket instrunents 31
Corp, and foreign bonds 32
Security debt
Trade debt
39
40
Hiscellaneous liabilities
U.S.eguity in IEBD, etc.
U.S. Govt, deposits
D.S. dir. inv. abroad(2)
Eguity, etc.
Betained earnings
Cther
41
42
43
44
45
46
47
81.3 Discrepancy
(1) U.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and D.S. foreign direct investnent is before subtracting refIons of
capital fron Netherlands Antilles subsidiaries* foreign financing.
DOLLABS.
11/84 BASED ON INCOHPLETE INFOBHATION.
28
29
48
SEPTEHBEB 5, 1984
O.S. Governaent and Credit Agencies
O.S. Governaent and Credit Agencies
Sector Stateaents of Saving and Investaent
14
UNADJUSTED NET FLCilS ($ HILL)
UNADJUSTED NET FLO«S(J MILL)
1983
I
IV
III
II
I
1
1984
I
II
1974
LILLIONS OF DCLLA5S
1975
1976
1977
1978
O.S. Governnent
1 Total receipts, NIA basis
Personal taxes
2
Corp, profits tax accruals
3
Indirect taxes
4
Social insurance receipts
5
153,362 173,137 161,396 153,196 169,553 183,574
68,067
81,458 75,431 70,248 67,540 80,121
17,111
16,909 16,605
19,478
10,474
15,827
14,384
13,837
13,512
13,395 13,507
11,611
52,948 71,395 69,591
63,210 62,015 55,544
287.8
131.3
45. 1
21.7
89.8
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
1
2
3
4
5
6 Total expenditures, NIA basis
Goods and services
7
Transfers, etc.
8
Net interest
9
203,791 203,504 202,034 210,381 213,974 216,935
68,858 65,948 65,957 68,978 67,643 73,006
112,972 114,964 111,974 115,848 119,433 116,153
21,961
22,592 24,103 25,555 26,898 27,776
299.3
111.0
167.7
20.7
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
6
7
8
9
-50,429 -30,367 -40,638 -57,185 -44,421 -33,361
3,886
12,611
2,180 -2,109
-2,913
2,361
-47,516 -32,728 -53,249 -59,365 -42,312 -37,247
1,787
717
1,605
2,520
4,598
683
-46,833 -28, 130 -51,462 -58,648 -40,707 -34,727
-11.5
2.9
-14.4
6.5
-7.9
-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
10
11
12
13
14
—49,378 -31,383 -50,285 -62,596 -47,594 -37,092
15 Met financial investaent
18,341
12,022 -22,850
7,908 -1,199
4,554
16
Net acg. of financial assets
-42
873
621
1,404
431
412
Gold, SDB's ♦ fgn. exch.
17
1,913
8,583 -25,317
296
12,509
Denand deposits * currency -3,844
18
35
164
-108
-16
-177
-201
Tine deposits
19
-7.2
7.0
1.4
-4.6
♦
-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
15
16
17
18
19
17. 1
4.2
12.8
20
21
22
23
10
11
12
13
14
Net surplus, NIA basis
- Insurance credits to hh
- Gross saving
♦ Mineral rights sales (1)
= Nonfinancial surplus
20
21
22
23
Credit aarket instrunents
Fed. agency securities
Mortgages
Other loans
1,599
-429
2,028
3,692
789
2,903
2,568
362
2,206
1,832
498
1,334
2,197
-320
2,517
2,661
261
2,400
9.4
♦
3.8
5.7
13.4
6.5
6.9
7.9
.4
7.5
10.0
4.2
5.8
24
25
26
Taxes receivable
Trade credit
Miscellaneous
1,756
3,687
129
-2,100
3,614
396
3,041
-2,188
25
1,034
-1,353
189
3,669
-985
329
-5,212
545
115
-.2
1.0
*
-2.3
1.2
.7
5.6
.5
1.0
-1.4
-.8
.7
2.8 24
2.7 25
.8 26
53,932
112
49,724
133
62,307
137
39,746
86
55,502
174
35,893
-136
14.3
.4
90.9
.9
80.0
1.2
64.4
.3
63.5 27
.5 28
53.7
3.9
51.2
-1.4
27
28
Net increase in liabilities
Treasury curr. * SDB ctfs.
29
30
31
32
Credit narket instrunents
Savings bonds
Other Treasury issues
Agency issues and ntgs.
55,641
475
55,145
21
46,876
876
46,075
-75
47,860
868
47,030
-38
36,180
920
35,289
-29
49,427
764
48,737
-74
31,166
688
30,514
-36
11.8
3.0
9.0
-.2
85.4
4.0
81.8
-.4
69.0
4.7
64.5
-. 1
56.8
4.7
52.9
-.9
33
34
35
Life * retirenent reserves
Trade debt
Hiscellaneous
-2,913
-661
1,753
2,361
1,049
-695
12,611
1,182
517
2,180
862
438
-2,109
601
7,409
3,886
-215
1,192
2.9
-.8
*
3.8
1.4
-.7
4.7
4. 1
.9
6.6
1.6
-.9
29
30
31
32
7.2 33
2.3 34
-.3 35
36 Discrepancy
2,545
3,253
-1,177
3,948
6,887
2,365
-.7
2.7
4.8
5.8
3.9 36
37 Heno: Corp, tax receipts, net
8,718
17,927
13,868
15,571
13,442
24,690
45.3
45.9
49.0
63.0
68.5 37
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
468
387
346
341
331
312
.6
.6
.6
.7
1.0
1
2 Net acg. of financial assets
3
Denand deposits and currency
4
Fed. funds ♦ security BP's
-2,793
-61
713
861
-143
-1,345
1,344
267
-619
2,627
142
-1,035
5,090
-201
710
12,578
99
-171
18.2
♦
-1.0
5.2
*
-.3
4.4
*
.3
7.7
. 1
.2
28.6
*
1.4
2
3
4
5
6
7
8
Credit narket instrunents
U.S. Governnent securities
Open-narket paper
Student loans (SLHA)
-4,039
-333
254
-22
1,989
96
-354
555
1,922
654
216
654
3,190
-1,685
263
266
3,710
540
-129
190
12,290
854
-35
856
20.8
.4
.9
-
4.5
1.5
. 1
-
4.7
1. 5
«
-
6.4
-3.8
.2
. 1
26.7
.6
-1.2
.4
5
6
7
8
9
10
11
Housing credit
Besidential aortgages
FHLB loans to s+1 assns.
-4,080
1,905
-5,985
1,191
2,414
-1,223
173
1,104
-931
4,941
3,850
1,091
2,703
4,0*8
-1,345
10,627
2,376
8,251
14.3
7.7
6.7
-1.2
2.8
-4.0
-1.6
.4
-2.0
4.9
.5
4.3
142
203
929
-990
594
501
343
-712
870
360
225
233
12
-20
-226
-595
-9
623
-1,209
330
406
-30
977
-541
871
-12
156
-966
798
360
5.2
2.5
1.0
1.7
-1.6
4. 1
2.6
.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
.5
12
13
14
15
16
-3,122
-3,180
-3,180
58
568
476
476
92
1,006
911
911
95
2,720
3,200
3,200
-480
4,779
5,543
5,543
-764
12,452
9,198
9,198
3,254
17.7
17.3
16.6
.7
.4
4.9
3.2
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
17
18
19
20
21
139
94
8
434
20
186
. 1
.3
.3
.4
23 Net acg. of aortgages
Hone aortgages
24
25
Hulti-faaily aortgages
Farn nortgages
26
18,098
17,598
421
79
16,644
16,550
188
-94
18,377
18,058
338
-19
13,269
13,042
226
1
1 1,124
10,881
245
-2
7,680
7,183
535
-38
3.4
3.3
.2
*
7. 1
7.3
.4
-.6
12.2
11.9
.5
-.2
16. 1
15.7
.9
c
13.6
12. 4
1.5
— .3
27 Net incr. in pool securities
18,098
16,644
18,377
13,269
11,124
7,680
3.4
7. 1
12.2
16. 1
13.6 27
Meno: Totals for agencies and pools
13,939
Housing credit
221
Loans to agriculture
17,929
407
18,569
206
18,209
-594
13,829
404
18,345
-50
17.8
5. 1
6.5
3.5
10.8
4.6
21.5
4.5
35.4 28
5. 1 29
14,918
17,120
19,288
16,469
16,667
16,878
20.0
9.4
14.6
23. 1
36.7 30
1 Current surplus
12
13
14
15
16
Loans to agriculture
Fara aortgages
Loans to coops (BC)
Loans to faraers (FICB)
Miscellaneous assets
17 Net increase in liabilities
Credit narket instrunents
18
Sponsored agency issues
19
20
U.S. Governaent loans
21
Hiscellaneous liabilities
22 Discrepancy
Federally related nortgage pools
28
29
30 Net security issues
.5 22
(1)
(1) GNMA/ FNMA, FHLMC< and Faraers Hoae Adainistration pools.
Excludes
Federal Financing Bank holdings of pool securities, which are in
O.S. Governnent aortgages and other loans directly.
11/84 BASED OM PBELIHINABT
21.5 9
9.0 10
12.5 11
AND INCOHPLETE INFOBHATION
23
24
25
26
SEPTEBBEB 5, 1984
U.S. Governaent and Credit Agencies
U.S. Governaent and Credit Agencies
Sector Stateaents of Saving and Investaent
15
SEASCNALLI ADJUSTED ABBOAL BATES
SEASOBALLT ADJUSTED ABBOAL BATES
1979
1980
1981
1982
1983
I
1
|
1
1983
I
II
III
IV
1984
I
11
O.S. Governaent
1
2
3
4
5
493.6
230.6
74.2
29.4
159.5
54 0.9
257.7
70.3
39.0
173.9
624.8
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
619.8
298.2
46.9
47. 1
227.6
649.3
304.7
59.2
53.8
231-7
640.2
284.6
66.7
54.0
234.9
655.0
293.3
66.5
54.5
240.7
686.4
301.6
73.0
54.1
257.6
702.3 Total receipts, BIA basis
310.7
Personal taxes
74.0
Corp, profits tax accruals
55.8
indirect taxes
261.6
Social insurance receipts
1
2
3
4
5
6
7
8
9
509.7
168.3
299.0
42.4
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
805.6
273.0
444.9
87.7
816.7
270.5
456.2
90.0
821.1
269.2
454.7
97.3
835.5
266.3
467.3
102.0
847.6
267.6
472.4
107.6
869.2 Total expenditures, KIA basis
299.3
Goods and services
458.9
Transfers, etc.
111.0
Bet interest
6
7
8
9
10
11
12
13
14
-16.1
8.2
-24.3
4.7
-19.5
-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
-185.7
9.5
-195.3
2.7
-192.5
-167.3
14.2
-181.5
18.4
-163.1
-180.9
16.4
-197.3
7. 1
-190. 1
-180.5
16.9
-197.4
2.9
-194.5
-161.3
14.2
-175.4
6.4
-169.0
-166.9
20.4
-187.3
10.1
-177.3
15
16
17
18
19
-25.5
21.4
-.6
.2
.1
-64.6
24.2
4.3
-3.0
-.2
-79. 1
21.3
2.8
1.2
-.1
-155.5
21.2
3.8
7.1
.5
-193.6
12.1
2.7
-8.1
-.5
-196.2
27.6
5.6
.8
-.7
-167.2
83.7
1.7
37.2
-.8
-201.6
-13. 1
-.2
-15.0
.1
-209.5
-50.0
3.5
-55.4
—.4
-190.7
40.3
2.5
23.2
.7
-177.7 Bet financial investaent
8.2
Bet acg. of financial assets
1.6
Gold, SDB's ♦ fgn. each.
-7.5
Deaand deposits ♦ currency
-.1
Tiae deposits
20
21
22
23
19.0
6.6
12.4
23.7
7.5
16.2
24.1
4.9
19. 1
16.0
2.4
13.6
9.7
1-2
8.5
7.2
-.7
7.9
11.0
2.5
8.5
10. 1
1.0
9. 1
10.5
2.1
8.4
9.8
*
9.8
6.9
.4
6.5
Credit aarket instruaents
Fed. agency securities
Bortgages
Other loans
20
21
22
23
24
25
26
-.5
2.4
.8
-4.8
3.8
.5
-10.0
2.5
.9
-12.6
4.8
1.6
3.7
3.8
.7
-.6
14.7
.5
18.6
14.5
1.6
.4
-8.8
.1
-3.5
-5.4
.8
6.8
-3.9
1.3
4.5
2.2
.5
Taxes receivable
Trade credit
Biscellaaeous
24
25
26
27
28
46.9
1.6
88.7
1.3
100.4
1.2
176.7
1.7
205.7
.5
223.9
.4
250.9
.5
188.5
.5
159.5
.3
231.0
•7
185.8
-.5
29
30
31
32
37.4
-.8
39.6
-1.4
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
209.6
3.7
205.8
.1
234.5
3.5
231.3
-.3
165.2
3. 1
162.2
-.2
136.9
2.3
134.8
-. 1
184.1
4.7
179.6
-.3
161.9
2.5
159.5
-.1
33
34
35
8.2
1.0
-1.3
8.8
1.4
-1.9
10.0
.7
1.0
11.9
1.7
.2
14.2
2.4
2.0
9.5
-2.7
7.0
14.2
4.5
-2.8
16.4
4.3
2. 1
16.9
3.6
1.8
14.2
2.5
29.6
20.4
-.7
4.8
36
6.0
-.5
9.6
3.2
8.6
3.7
4.1
11.5
15.0
21.7
37
74.7
75.1
75.7
59.2
56.1
47.5
40.6
66.3
70.0
66.2
Bet surplns, BIA basis
- Insurance credits to hh
* Gross saving
♦ Hineral rights sales (1)
= Bonfinanciai surplus
10
11
12
13
14
15
16
17
18
19
Het increase in liabilities 27
Treasury curr. * SDB ctfs. 26
credit aarket instruaents
Savings bonds
Other Treasury issues
Agency issues and atgs.
29
30
31
32
Life ♦ retireaent reserves 33
34
Trade debt
35
Hiscellaneous
.4 Discrepancy
69.5 Beao: Corp, tax receipts, net
36
37
(D Sales <of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Bortgage Pools
Sponsored credit agencies
1
1.2
1.4
1.2
1.9
1.5
1.9
1.5
1.4
1.4
1.3
2
3
4
31.1
.2
.6
29.5
#
1.8
37.6
.2
3.5
22.4
-.2
5.4
2.0
.2
-2.3
1.6
.3
2.9
-3.4
-.4
-5.4
-3.3
1.0
-2.5
13.3
*
-4. 1
35.4
-.2
2.8
42.3 Bet acg. of financial assets
Deaand deposits and currency
.6
-.7
Fed. funds ♦ security BP's
2
3
4
5
6
7
8
30.0
.2
.1
.6
26.4
.7
*
1. 1
33.2
.4
.3
2.2
15.7
1.4
-.3
1.6
3. 1
-1.3
.4
1.5
-4.2
-.3
1.0
-. 1
.1
1.9
-1.4
2.2
-.9
-4.2
.9
2.6
17.3
-2.4
1.1
1.1
29.1
4.2
-.5
.8
40.1
5.3
-.1
3.4
Credit aarket instruaents
O.S. Governaent securities
Open-aarket paper
Student loans (SLBA)
5
6
7
8
9
10
11
18.5
9.4
9.2
14.9
21.2
5.0
16.2
11.0
10.2
.8
2.2
9.3
-7.0
-4.0
7.8
7. 1
9.4
-13.3
-1.2
9.8
-10.9
-1.3
4.0
-5.3
15.3
14.0
1.3
24.2
18.8
5.5
35. 1
9.2
25.9
12
13
14
15
16
10.5
5.0
2.1
3.3
.4
9.6
6.3
1.5
1.9
1.3
9. 1
7.6
-.3
1.8
.7
2.0
3.6
-.8
-.8
1.4
.3
.8
.9
-1.3
1.1
-.8
.7
1.3
-2.9
2.6
-1.5
.6
.2
-2.3
2.4
1. 1
1. 1
1. 1
-1.2
-.9
2.3
.6
.7
1.1
.1
.5
-.1
1.2
-.7
3.7
-3.6
-. 1
-.5
-3. 1
2.2
17
18
19
20
21
30.6
24.8
24.3
.6
5.7
29.2
25.6
24.4
1.2
3.6
37.1
32.4
30.5
1.9
4.7
21.3
15.3
14.9
.4
5.9
1.2
1.4
1.4
-.2
.4
-2.2
-2.2
2.6
-3.9
-5.9
-5.9
2.1
-4.3
-2.5
-2.5
-1.9
12.5
16.2
16.2
-3.7
34.3
34.9
34.9
-.5
22
.6
1. 1
.7
.8
.7
.7
1.1
.4
.6
.2
23
24
25
26
23. 1
21.8
1.2
.1
19.2
18.7
.7
-.2
15.0
14.1
1. 1
-. 1
49.5
49.3
.4
-.2
66.4
65.2
1.2
*
71.0
69.0
1.7
.3
69.6
69.2
.8
-.4
71.6
70.3
1.4
-. 1
53.4
52.5
.9
*
42.7
41.8
1.0
•
33.9 Het acg. of aortgages
31.9
Boae aortgages
2. 1
Hulti-faaily aortgages
-.2
Fara aortgages
23
24
25
26
27
23.1
19.2
15.0
49.5
66.4
71.0
69.6
71.6
53.4
42.7
33.9 Bet incr. in pool securities
27
28
29
41.5
10.6
34.3
9.4
36.3
9.0
60.7
1.8
68.6
.2
66.7
-.5
68.8
-1.8
70.4
1.0
68.7
2.3
67.0
.4
Beao: Totals for agencies and pools
69.2
Bousing credit
-3.8
Loans to agriculture
28
29
30
47.3
43.6
45.5
64.5
67.8
68.8
63.7
69. 1
69.6
77.6
1.2 Current surplus
1
9
10
Besidential aortgages
FHLB loans to s*l assns. 11
Bousing credit
Loans to agriculture
Fara aortgages
Loans to coops (BC)
Loans to faraers (FICB)
Hiscellaneous assets
42.5 Bet increase in liabilities
27.4
Credit aarket instruaents
27.4
Sponsored agency issues
U.S. Governaent loans
15.1
Biscellaneous liabilities
1.5 Discrepancy
12
13
14
15
16
17
18
19
20
21
22
Federally related aortgage pools (1)
61.3 Het security issues
(1) GHHA, FMHA, FHLHC, and Faraers Hoae Adninistration pools. Excludes
Federal Financing Bank holdings of pool securities, which are in
U.S. Governaent aortgages and other loans directly.
BILLIOBS OF DOLLABS.
11/84 BASED OB IBCOBPLETE IBFOBBATIOB.
30
SEPTFMBEB 5, 1984
Banking Systea
Banking System
Sector Stateaents of Saving and Investaent
16
UNADJUSTED NET FLOSS ($ HILL)
UHADJOSTED NET PIONS (J WILL)
1983
I
II
IT
III
|
J
BILLIONS OF DOLLABS
1984
I
11
1974
1975
1976
1977
1978
Honetary Authority
1 Current surplus
123
124
128
132
22 0
251
.1
.2
V
.2
.7
1
-5,434
-794
170
-2,249
2,091
6,138
-671
179
534
802
11,889
-606
176
-1,080
-1,985
-3,148
-50
164
1,623
-707
-2,132
326
157
-776
-22
5,081
-304
224
-1,442
3,864
6.5
. 1
.5
-1. 1
-1.0
11.3
. 1
1.0
.1
1.7
-. 1
9.7
. 1
.6
.7
-1. 1
-.2
8.5
*
.5
. 1
1.2
.2
13.3
1.6
.5
. 1
2.7
.9
2
3
4
5
6
7
-4,751
-3,271
-2,661
-610
-1,480
99
5,415
5,212
5,022
190
203
-121
14,852
13,933
13,750
183
919
532
-4,620
-3,916
-3,481
-435
-704
442
-1,841
-1,423
- 1,128
-295
-418
24
1,988
1,988
2,045
-57
751
6.2
5.2
2.0
3.2
.9
1.8
8.5
8.4
7.4
1.0
.1
*
9.8
10.0
9. 1
.9
-. 1
—
-.2
7. 1
7.2
5.8
1.4
*
-.6
7.0
7.3
7.7
-.4
-.4
.5
8
9
10
11
12
13
14
15 Net increase in liabilities
16
Heaber bank reserves
17
Tault cash of coal, banks
-5,557
-3,070
-1,246
6,014
-5,415
2,165
11,761
2,693
-3,041
-3,280
749
3,586
-2,352
721
-3,671
4,830
-1,915
763
6.4
-1.2
1.0
11. 1
.2
.6
9.7
-.9
-.1
8.3
1.7
1.8
18
19
20
21
22
-426
-1,392
152
814
-815
9,173
5,227
-208
4,154
91
11,649 -7,401
7,728 -12,901
-26
108
5,526
3,813
-214
460
584
63
48
473
14
6,206
733
-97
5,570
-224
6.9
-4
.2
6.3
-.3
10.7
4.5
«
6.3
-.4
10.6
3.1
.2
7.4
. 1
4.8
-3.3
*
8.2
*
6.3
-3. 1
. 1
9.3
.4
18
19
20
21
2 Net acq. of financial assets
3
Gold and foreign exchange
4
Treasury currency
5
SDB certificates
6
Federal Beserve float
7
F.B. loans to doaestic banks
8
9
10
11
12
13
14
Credit aarket instruaents
U.S. Government securities
Treasury securities
Agency issues
Acceptances
Bank Ioans n.e.c.
Hiscellaneous assets
Deaand deposits and currency
Due to D.S. Governaent
Due to foreign
Currency outside banks
Hiscellaneous liabilities
12.6 15
4.4 16
1.5 17
22
Coaaercial Eanking <1)
1 Current surplus
2 Plant and eguipaent
3 Net acg. of financial assets
4
Deaand deposits and currency
5
6
7
8
Total bank credit
U.S. Govt, securities
Treasury issues
Agency issues
4,113
3,441
3,401
3,749
3,347
3,954
3,439
3,795
4,365
3,927
3,711
4,061
4.6
5.4
4.3
2.3
4.5
4. 1
5.3
6.7
6.7
9.3
1
2
13,767
501
38,768
543
31,575
567
62,078
595
33,217
625
51,865
651
70.9
-.2
34.5
. 1
71.3
-.2
97.6
.5
143.6
.3
3
4
13,582
20,756
18,142
2,614
36,558
15,206
15,236
-30
29,729
5,649
5,922
-273
58,654
4,646
6,232
-1,586
31,839
7,288
8,761
-1,473
42,971
-8,883
-5,993
-2,890
64.8
.7
-2.9
3.6
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
5
6
7
8
9.6
9
9
10
Tax-exenpt Obligations
Corporate bonds
-4,824
1,435
1,257
1,353
1,979
658
5,438
478
-632
2,042
-1,896
711
5.4
1.0
1.8
1.8
3.0
-.6
9.2
V
11
12
13
14
15
16
Total loans
Hortgages
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
-3,794
3,168
-3,985
717
-490
-3,204
18,741
6, 846
3,968
6,039
-1,419
3,307
21,446
10,082
9,758
3,499
332
-2,225
48,098
8,579
12,990
21,763
198
4,568
23,137
9,863
6,087
8,531
-685
-659
53,041
12,369
16,229
22,516
1,996
-69
57.7
12.8
3.4
41.5
2.2
-2.2
-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
17
18
19
Corporate eguities
Tault cash + aea. bank res.
Hiscellaneous assets
20 Net increase in liabilities
21
Checkable deposits
D.S. Governnent
22
23
Foreign
24
Private doaestic
-.3 10
115.9
35. 1
26.2
58.8
-1.3
-2.9
11
12
13
14
15
16
9
1
-3
-6
4
-2
•
♦
*
*
« 17
-4,316
4,000
-3,250
4,917
-348
1,627
4,335
-1,506
-2,950
3,703
-1, 152
9,395
-.3
6.5
.8
2.0
-1.0
6. 1
3.5
3.5
5.9 18
11.8 19
11,530
-14,669
-2,301
328
-12,696
37,201
20,549
7,597
1,016
11,936
29,386 60,267
13,861
-3,835
676 -11,315
1,145
-910
-3,601
24,031
29,538
-7,759
1,483
-184
-9,058
48,362
1,621
892
184
545
68.5
-.2
-5. 1
2.6
2.3
32.6
7.6
-1.7
-.3
9.6
69.6
13.4
-. 1
3. 0
10.4
92.9
24.5
4.3
2.4
17.8
71,186
138.2
25.4
6.8
-.3
18.9
20
21
22
23
24
25
Saall tiae and savings dep.
18,249
16,375
24,151
14,720
10,645
17.4
39.9
54.6
28.2
13.2 25
26
27
Large tiae deposits
-47,452 -12,472
Fed. funds and security BP»s
5,882 -6,443
-3,421
7,664
11,014
3,062
-5,094
5,326
20,565
-1,516
39.3
-1.9
-9.9
3.5
-15.3
13.6
26.0
9.0
48.6 26
19.5 27
28
29
30
31
Net interbank claias
To Federal Beserve
To doaestic banks (2)
To foreign banks
-7,720
-158
984
-8,546
9,546
1,336
1,584
6,626
8,206
-3,065
2,998
8,273
7,973
916
-6,646
13,703
15,227
-798
11,441
4,584
6,975
2,422
536
4,017
.4
-2. 1
2.5
«
-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
32
33
34
35
Corporate eguity issues
Credit aarket debt
Corporate bonds
Open-narket paper
167
1,666
1,235
431
174
1,421
790
631
181
3,040
1,493
1,547
188
2,267
1,419
848
195
3,990
613
3,377
202
5,656
1,136
4,520
1.0
4.6
1. 1
3.5
1.0
.8
.5
.3
1.6
6. 1
6.9
-.8
.6
2.5
1.3
1.3
.6 34
6.7 35
36
37
Profit taxes payable
Hiscellaneous liabilities
-19
2,489
-14
6, 191
-22
1,198
-14
-2,235
2,933
-3
4,217
.1
7.7
-.3
2. 1
3.4
.2
6.7
. 1 36
12.9 37
-1,565
-1,915
-2,796
-2,167
-3,241
-3,853
-3.2
. 1
-1.4
-6. 1
-8.0 38
16,777
33,250
31,957
54,092
32,494
43,042
67.0
29.5
59.8
87.8
128.5 39
38 Discrepancy
39 Heao:
Credit akt. funds adv.
(1) Consists of U.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.
11/84 BASED ON PBELIHINABI AND INCOHPLETE INFOBHATION
28
29
30
31
1. 1 32
7.3 33
SEPTEMBER 5, 1984
Banking Systea
Eanking Systea
Sector statements of Saving and Investment
17
SEASONALLY ADJUSTED ANNUAL BATES
SEASOIALLI ADJUSTED ANMOAL BATES
1979
1980
1981
1982
|
|
1983
1983
|
J
IV
III
II
I
1984
I
II
Honetary Authority
.2
.2
.4
.1
2
3
4
5
6
7
10.9
.7
1.3
.5
.3
.3
7. 1
2.6
.7
.7
-2.3
.4
8.2
.7
.8
-2.7
-.2
12.4
.6
.6
1.3
1.0
-.9
8
9
10
11
12
13
14
7.7
7.6
6.9
.7
.1
.2
4.5
4.4
3.9
.6
.1
.5
9.2
9.8
9.6
.1
-.6
—
.5
15
16
17
10.7
-1.4
3.0
6.9
-2.3
1.3
18
19
20
21
22
8.2
.1
.1
8.0
.9
9.0
-1. 1
-.2
10.3
-1.1
1
1
.5
.9
27.9
-2.4
.7
-6. 1
.7
-19.4
-.2
.7
-.8
-.4
19.4
1.3
.6
.5
-5.2
22.6 Bet acg. of financial assets
Gold and foreign exchange
-1.2
Treasury currency
.9
SDB certificates
Federal Beserve float
-7.8
F.B. loans to doaestic banks
15.4
2
3
4
5
6
7
23.8
22.5
21.8
.8
1.3
-.5
32.9
31.5
30.8
.7
1.4
2. 1
-20.4
-17.3
-15.5
-1.7
-3.2
1.8
22. 1
21.4
22.6
-1.2
.7
.1
12.4
11.6
11.8
-.2
.8
3.0
Credit aarket instruaents
O.S. Governaent securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Miscellaneous assets
8
9
10
11
12
13
14
4.0
-12.4
3.3
24.3
-5.2
-.5
27.4
6.4
-8.2
-19.9
-9.0
11.3
18.5
3.6
-7.4
21.6 Net increase in liabilities
Meaber bank reserves
11.8
-7.5
Vault cash of coal, banks
16.2
.9
.8
14.4
-3. 1
29.4
15. 1
-.9
15.2
.6
27.9
10.0
.4
17.4
1.3
-21.4
-31.4
-.3
10.2
-.7
22.0
7.6
.4
14.0
.3
17.8
-3.1
-.4
21.2
-.5
.5
9.4
-2.1
.7
-1.2
.2
4.5
-3.2
.7
-4.9
4.2
24.8
-2.7
.7
.3
3.1
9.8
8.5
8.4
.1
1.3
*
10.9
12.0
12.6
-.7
-1.1
1.0
7.3
11. 1
13.5
-2.4
-3.8
.4
7.8
—2.2
-1.2
12.2
1.3
.9
8.9
-5.0
1.5
10.9
1.2
.1
9.5
.3
10.2
.7
-.2
9.7
-.1
13.0
-1.3
*
14.3
-.5
♦
1.0 Current surplus
-5
.5
.5
——
Deaand deposits and currency
Due to U.S. Governaent
Due to foreign
Currency outside banks
Miscellaneous liabilities
15
16
17
18
19
20
21
22
— - ----------- —
Coaaercial Banking (1)
1
2
7.9
10.7
7.6
9.8
8.9
10.7
10.0
12.4
14.3
14.9
13.6
13.8
14.0
15.0
14.4
15.8
15.2
15.2
14.2
15.7
3
4
134.6
.7
108.2
.6
133. 1
1.0
125.4
1.7
146.2
2.2
131.9
2.0
135.8
2.2
128.6
2.3
188.5
2.4
208.9
2.5
189.8 Net acg. of financial assets
Deaand deposits and currency
2.6
5
6
7
8
122.2
7.9
.4
7.6
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
123.2
71.8
61.5
10.4
130.1
65.2
65.0
.2
121.4
35.5
37.3
-1.8
179.5
12.5
18.4
-5.9
195. 1
15-3
22.0
-6.7
155.8
-31.6
-20.7
-10.9
9
10
9.5
-.1
13.6
.6
5.0
•
4.7
1.9
3.9
3.9
-10.5
5.7
7.4
5.4
7.4
2.6
11.2
1.9
7.2
8.2
-4.8
2.8
11
12
13
1*
15
16
104.8
30.6
19.9
52.9
2.2
-.9
61.5
17.8
-6.2
47.3
1.8
.8
90.8
21.5
4.0
59.3
.8
5.3
72.9
14.6
6.7
51.2
.3
84.5
28.7
22.7
32.0
-1.4
2.4
56. 1
19.1
3.7
32.8
-3.2
3.7
52.1
25.9
14.3
11.4
-5.9
6.4
75.9
35.4
27.7
17.3
.3
-4.8
153.9
34.2
45.3
66.5
3.3
4.5
164.4
46.0
45.3
63.3
-5.4
15.2
189.4
48. 1
64. 1
75.5
9.3
-7.6
17
*
•
-. 1
V
*
*
*
♦
*
•
*
18
19
1.6
10.1
-1.0
7.3
-3.4
28.0
2.2
14.3
-3.6
9.0
-9. 1
15.8
-5.7
9.2
-1.8
6.7
2.2
4.4
-3.8
15.0
4.3
27.1
20
21
22
23
24
128.0
26.4
.4
4.1
21.8
100.8
5.1
-2.6
.3
7.4
126.9
8.6
-1.1
-3.9
13.7
120.8
19.2
6. 1
-3.4
16.5
138.4
15.9
-5.3
1.6
19.7
126.0
35.7
1.2
5.4
29. 1
129.4
70.6
18.9
-2.7
54.4
121.2
-28.7
-21.7
.8
-7.7
177.0
-14.0
-19.8
2.8
2.9
197.6
59.6
14.9
2.0
42.6
25
29.5
44.8
40.3
97.0
130.0
236.4
101.9
100.9
80.7
.7
♦
15.3 Current surplus
16.2 Plant and eguipaent
Total bank credit
O.S. Govt, securities
Treasury issues
Agency issues
1
2
3
4
5
6
7
8
Tax-exeapt Obligations
Corporate bonds
9
10
Total loans
Bortgages
Consuaer credit
Eank loans n.e.c.
Cpen-aarket paper
Security credit
11
12
13
14
15
16
Corporate eguities
17
Vault cash ♦ aen. bank res.
Miscellaneous assets
175.5 Net increase in liabilities
Checkable deposits
4.0
O.S. Governaent
-4.3
Foreign
-5.6
Private domestic
13.9
76.8
Saali tiae and savings dep.
18
19
20
21
22
23
24
25
26
27
13.8
15.6
47.2
17.8
51.5
13. 1
-8.8
10.7
-52.3
10.2
-138.8
25. 1
-64.9
-19.9
-33.5
29.0
27.9
6.6
40.6
23.7
57.5
2.3
26
Large tine deposits
Fed. funds and security fiP's 27
28
29
30
31
21.1
.5
-1.7
22.3
-28.5
-1.9
-3.4
-23.2
-12.4
-2.9
-2.4
-7.0
-14.3
.1
15.7
-30. 1
18.0
-1.0
-1.1
20.1
-43.6
-.7
1.2
-44. 1
19.9
3.4
4.3
12.2
35.7
-5.4
3.7
37.4
60.0
-1.2
-13.6
74.8
49.2
-4.7
43.7
10. 1
3.4
7.5
.3
-4.4
Net interbank claias
To Federal Beserve
To doaestic banks (2)
To foreign banks
28
29
30
31
32
33
34
35
1.3
6.7
2.1
4.5
.4
7. 1
1.5
5.6
.5
8.2
1.2
7.0
•6
2.5
1.1
1.4
.7
8.4
4.9
3.5
.7
6.7
4.9
1.7
.7
5.7
3.2
2.5
.7
12.2
6.0
6.2
.8
9.1
5.7
3.4
•8
16.0
2.5
13.5
.8
22.6
4.5
18.1
Corporate eguity issues
Credit aarket debt
Corporate bonds
Open-aarket paper
32
33
34
35
36
37
.5
13.2
-.5
7.4
-.4
17.4
-.1
14. 1
-. 1
7.6
-. 1
4.0
-. 1
15.5
-. 1
5.0
*
6.0
*
7.1
8.2
Profit taxes payable
Hiscellaneous liabilities
36
37
38
-9.4
-9.7
-7.9
-7.0
-8.4
-6. 1
-7.3
-8.9
-11.4
-12.9
-15.2 Discrepancy
39
123.1
100.6
102.3
107.2
136.1
119.4
123.7
126.2
175.0
179.9
163.4 Meno:
»
Credit akt. funds adv.
.(1) Consists of U.S.-chartered coaaercial banks, their doaestic affiliates.
Edge Act corporations, agencies and branches of foreign banks, and banks
in O.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.
BILLIOIS OF DOLLARS.
11/84 BASED 01 INCOMPLETE INFORMATION.
38
39
SEPTEHBEB 5, 1984
Coaaercial Banking Subsectors
Coaaercial Banking Subsectors
Subsector Statenents for Coaponent Groups in Coanercial Banking
18
UN ADJ DSHD NET FLOWS (J HILL)
UNADJUSTED BET FLOWS($ BILL)
1983
I
II
III
1
1
IT
BILLIONS OF DOLLABS
1977
1975
1976
1984
I
II
1974
1978
U.S.-Chartered Coaaercial Banks
4,113
3,441
3,401
3,749
3,347
3,954
3,439
3,795
4,365
3,927
3,711
4,061
4.6
5.4
4.3
2.3
4.5
4. 1
5.3
6.7
6.7
9.3
1
2
11,079
13,305
19,813
17,165
2,648
38,927
38,271
14,371
14,369
2
27,106
27,450
5,835
6,202
-367
56,591
57,549
4,140
5,757
-1,617
30,815
31,662
7,397
8,827
-1,430
45,357
43,019
-8,985
-6,100
-2,885
60.8
56.4
.7
-2.8
3.5
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
3
4
5
6
7
Tax-exeapt Obligations
Corporate bonds
-4,895
1,379
1,363
1,333
1,853
534
5,522
377
-615
1,991
-1,876
719
5. 1
1.0
1.6
1.8
2.6
-.6
9.2
-.3
9.4
-.6
8
9
Total loans
Hortgages
Consuaer credit
Bank loans n.e.c.
Open-Barket paper
Security credit
-2,992
3,155
-3,985
751
-129
-2,784
21,204
6,834
3,968
8,342
-1,439
3,499
19,228
10,071
9,758
2,098
25
-2,724
47,510
8,569
12,990
21,976
-1
3,976
22,889
9,854
6,087
7,937
-305
-684
53,161
12,361
16,229
22,681
1,790
100
49.5
12.3
3.4
34.3
1.6
-2. 1
-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
10
11
12
13
14
15
-4,316
2,090
-3,250
3,906
-348
4
4,335
-5,293
-2,950
2,103
-1,152
3,490
-.3
4.7
.8
-2.5
-1.0
-.6
3.5
3.7
5.9 16
7.0 17
8,842
-14,195
-2,301
852
-12,746
37,360
19,724
7,597
497
11,630
24,917 54,780
-3,315 13,360
676 -11,315
-634
677
-3,357 23,998
27,136
-7,672
1,483
-181
-8,974
41,854
1,427
892
317
218
58.3
-1.3
-5. 1
2.1
1.7
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 18
22.9 19
6.8 20
« 21
16.2 22
1 Current surplus
2 Plant and eguipaent
3 Net acg. of financial assets
Total bank credit
4
5
U.S. Governaent securities
6
Treasury issues
7
Agency issues
8
9
10
11
12
13
14
15
16
17
Vault cash * aea. bank res.
Hiscellaneous assets
18 Net increase in liabilities
Checkable deposits
19
20
U.S. Governaent
Foreign
21
22
Private doaestic
23
Saall tiaevsavings deposits
71, 186
18,249
16,375
24,151
14,720
10,645
17.4
39.9
54.6
28.2
13.2 23
24
25
-40,416
Large tiae deposits
Fed. funds and security BP’s
5,882
-8,119
-6,443
2,669
7,664
7,154
3,062
2,241
5,326
17,727
-1,516
38.2
-1.9
-13.3
3.5
-15.6
13.6
23.8
9.0
42. 1 24
19.5 25
26
27
28
29
30
Net interbank liabilities
Federal Beserve float
Borrowing at F.B. banks
To doaestic banks
To foreign banks
-16,509
-2,249
2,091
-2,095
-14,256
8,308
534
802
2,903
4,069
3,207
-1,080
-1,985
-557
6,829
12,544
1,623
-707
-1,285
12,913
11,329
-776
-22
9,72 5
2,402
10,457
-1,442
3,864
4,764
3,271
-.9
-1. 1
-1.0
3.2
-2.0
-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
26
27
28
29
30
31
32
33
34
Corporate eguities
Corporate bonds
Profit taxes payable
Hiscellaneous liabilities
167
277
-19
2,469
174
-234
-14
5,715
181
26
-22
-1,868
188
-289
-14
-5,376
195
—222
1,219
202
-155
-3
3,070
1.0
.2
.1
5.5
1-0
.2
-.3
.1
1.6
.7
1.7
.6
•6
.2
5.4
1. 1
.2
.1
12.4
31
32
33
34
-1,565
-1,915
-2,796
-2,167
-3,241
—3,853
-3.2
.1
-1.4
-6. 1
-8.0 35
16,089
34,772
30,174
53,573
32,346
42,919
58.5
28.5
55.1
81.9
109.6 36
35 Discrepancy
36 Heao:
Credit akt. funds adv.
Doaestic Affiliates of Coaaercial Banks
♦
1 Net acg. of financial assets
2
Inv. in finance co. subs.
Bank loans n.e.c.
3
1,323
1,280
43
997
1,232
-235
692
797
-105
1,269
1,206
63
846
811
35
4,168
3,954
214
1.6
.7
.9
2.9
3.4
-.5
6. 1
6.4
-.3
-.5
.6
1.7
2.7
-1.0
1
2
3
4 Net increase in liabilities
5
Net interbank claias
Credit aarket debt
6
7
Corporate bonds
8
Coaaercial paper
Hiscellaneous liabilities
9
1,323
1,389
958
431
-66
997
-1,056
1,655
1,024
631
398
692
-2,646
3,014
1,467
1,547
324
1,269
-1,739
2,556
1,708
848
452
846
-3,441
4,212
835
3,377
75
4,168
-1,894
5,811
1,291
4,520
251
1.6
-3.3
4.4
1.0
3.5
.5
2.9
2.0
.6
.3
.3
.2
6. 1
-.3
5.4
6.2
-.8
.9
V
-1.6
2.0
.7
1.3
-.3
1.7
-3.0
7.2
.5
6.7
-2.4
4
5
6
7
8
9
21.8
19.6
.5
-. 1
.1
18. 1
1.0
1
2
3
4
5
6
7
Foreign Banking Offices in U.S.
1 Net acg. of financial assets
Credit aarket instruaents
2
U.S. Governaent securities
3
Tax-exeapt Obligations
4
5
Corporate bonds
6
Bank loans n.e.c.
Open-aarket paper
7
8
9
10
Corporate eguities
Security credit
Hiscellaneous assets
11 Net increase in liabilities
12
Deaand deposits
Tiae deposits
13
506
454
854
38
-77
-361
-2,044
-1,367
747
-115
49
-2,068
20
2,869
1,769
-296
100
152
1,506
307
3,288
385
387
-82
157
-276
199
603
46
-243
-9
119
559
-380
1,366
-139
-45
1
78
-379
206
8.5
7.2
.2
.1
•
6.3
.7
1.6
1. 1
-.2
•
♦
1.2
V
5.3
4.4
.5
«
-.1
3.5
.5
5.7
4.9
-.1
9
-420
463
1
-192
-486
-3
499
604
-6
592
2,317
4
25
528
-2
-169
1,676
♦
-. 1
1.4
V
-. 1
.6
V
.4
.4
*
-5
.3
* 8
.1 9
2.0 10
506
-474
-7,036
-2,044
825
-4,353
2,869
-520
-6,090
3,288
501
3,860
603
-87
-7,335
1,366
194
2,838
8.5
1.2
1. 1
1.6
.6
3.4
5.3
2.4
.4
5.7
3.0
2.2
21.8 11
2.5 12
6.4 13
«
.2
4.7
.1
14
15
16
Net interbank liabilities
To foreign banks
To doaestic banks
8.789
5,710
3,079
2,294
2,557
-263
7,645
1,444
6,201
-2,832
790
-3,622
7,339
2,182
5,157
-1,588
746
-2,334
4.6
2.0
2.6
-3.0
-1.4
-1.6
2.2
3.0
-.9
-.2
.9
-1. 1
10.6 14
3.4 15
7.3 16
17
Hiscellaneous liabilities
-773
-810
1,834
1,759
686
-78
1.6
.7
.3
.7
2.3 17
Banks in U.S. Possessions
1 Net acg. of financial assets
2
Deaand deposits and currency
859
501
888
543
908
567
930
595
953
625
974
651
.1
-.2
1. 1
.1
.4
-.2
.8
.5
.6
.3
1
2
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Hoae aortgages
Coaaercial aortgages
Hiscellaneous assets
191
89
71
18
78
-65
167
80
88
9
-29
80
-68
265
119
110
26
-28
82
-71
222
71
119
-2
-56
84
-74
264
67
134
-8
-68
86
-77
261
48
147
-21
-86
88
-80
275
.5
-.2
.2
.1
.4
-.2
•4
. 1
.1
*
•
.2
.6
.6
.1
.4
.1
.1
-. 1
-. 1
.3
.2
-. 1
.1
*
.1
*
.2
-. 1
.3
.2
.1
-.3
.1
3
4
5
6
7
8
9
859
888
908
930
953
974
.1
1. 1
.4
.8
3
4
5
6
7
8
9
10 Het increase in deposit liab.
11/84 BASED ON PBELIHINABT AND INCOHPLETE INFOBHATION
♦
.6 10
Coaaercial Banking Subsectors
SEPTEHBEB 5, 1984
Coaaercial Banking Subsectors
19
Subsector statements for Coaponent Groups in Coaaercial Banking
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ABHUAL RATES
1979
1983
1982
1981
1980
|
1
|
1
1983
I
II
IV
HI
1984
I
II
U.S.-Chartered Coaaercial Banks
1
2
15.3 Current surplus
16.2 Plant and eguipaent
1
2
7.9
10.7
7.6
9.8
8.9
10.7
10.0
12.4
14.3
14.9
13.6
13.8
14.0
15.0
14.4
15.8
15.2
15.2
14.2
15.7
3
4
5
6
7
111.5
107.8
7.4
-.2
7.6
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
118.3
119.2
68.0
57.5
10.5
128.4
128.9
61.8
61.5
.3
120.9
122.5
36.3
38.4
-2.1
167.2
175.7
10.5
16.5
-6.0
196.0
191.2
15.7
22.3
-6.6
9
9.7
-.3
13.2
.5
5.7
*
4.6
1.7
3.8
3.6
-10.8
5.5
7.8
5.3
6.8
2.1
11.5
1.5
7.3
8.0
-4.8
2.9
10
11
12
13
14
15
91.0
30.6
19.9
39.9
1.6
-.8
45.6
17.7
-6.2
31.9
1.0
1.2
83.2
21.4
4.0
53.4
-.2
4.7
73.7
14.5
6.7
51.0
1.0
.5
85.0
28.6
22.7
33.2
-1.5
2.0
56.5
19. 1
3.7
31.7
-1.8
3.8
53.9
25.9
14.3
12.4
-6.0
7.4
77.2
35.4
27.7
21.4
-.9
-6.3
152.2
34.2
45.3
67.2
2.5
3.0
160.2
46.0
45.3
59.5
-3.8
13.3
181.4
48.1
64.1
67.6
8.4
-6.8
16
17
1.6
2.1
-1.0
.9
-3.4
9.4
2.2
3.2
-3.6
.7
-9. 1
8. 1
-5.7
5.2
-1.8
.2
2.2
-10.7
-3.8
8.6
4.3
3.4
18
19
20
21
22
104.9
25.6
.4
3.4
21.8
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
112.3
37.0
1.2
5.7
30. 1
122. 1
72-3
18.9
-1.2
54.6
113.5
-28.4
-21.7
.3
-6.9
155.7
-18.6
-19.8
.8
.3
184.7
59.9
14.9
.2
44.8
23
29.5
44.8
40.3
97.0
130.0
236.4
101.9
100.9
80.7
.7
76.8
Saall tiae+savings deposits
-47.5
-19.9
-9.2
29.0
12.5
6.6
70.0
23.7
46.1
2.3
24
Large tiae deposits
Fed. funds and security RP's 25
3
4
5
6
7
155.3 Bet acg. of financial assets
Total bank credit
147.6
O.S. Governaent securities
-32.0
Treasury issues
-21.1
Agency issues
-10.9
8
9
Tax-exeapt Obligations
Corporate bonds
Total loans
Bortgages
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
Vault cash ♦ aea. bank res.
Hiscellaneous assets
10
11
12
13
14
15
16
17
141. 1 Net increase in liabilities
Checkable deposits
8.8
O.S. Governaent
-4.3
Foreign
-.8
Private doaestic
13.9
18
19
20
21
22
23
24
25
10.2
15.6
39.3
17.8
43.9
13. 1
2.3
10.7
-38.7
10.2
-110.7
25. 1
26
27
28
29
30
13.0
.3
.3
-4.0
16.5
-36.7
-2.3
.4
-12.4
-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
-79.7
-4.9
4.2
-20.8
-58. 1
5.6
.3
3.1
-5.1
7.3
25.5
.7
-6. 1
-2.1
33.0
78.8
-.8
-.4
24.0
56.0
32.3
.5
-5.2
25.1
11.9
7.5
-7.8
15.4
-.6
.6
Net interbank liabilities
Federal Reserve float
Borroving at F.R. banks
To doaestic banks
To foreign banks
26
27
28
29
30
31
32
33
34
1.3
.2
.5
9.1
.4
.2
-.5
•8
.5
-. 1
-.4
6.7
.6
.6
-. 1
3.1
.7
-.2
-. 1
.9
.7
1. 1
-. 1
2.5
.7
-.9
-.1
10.0
.7
.1
-. 1
-5.0
.8
-1.2
.8
-.9
.8
-.6
-3.7
-1.8
Corporate eguities
Corporate bonds
Profit taxes payable
Hiscellaneous liabilities
31
32
33
34
35
-9.4
-9.7
-7.9
-7.0
-8.4
-6. 1
-7.3
-8.9
-11.4
-12.9
-15.2 Discrepancy
36
108.6
83.1
95.6
106.2
134.6
115.4
121.5
128.8
172.7
177.9
154.3 fleao:
♦
♦
♦
-.6
Credit akt. funds adv.
35
36
Doaestic Affiliates of Coaaercial Banks
1
2
3
5.4
5.5
-.1
4.3
4.4
-. 1
8.0
7.9
.1
7.9
7.8
.1
4.3
4.5
-.2
5.3
5.1
.2
4.0
4.9
-.9
2.8
3.2
-.4
5.1
4.8
.3
3.4
3.2
.1
4
5
6
7
8
9
5.4
-1.4
6.5
1.9
4.5
.3
4.3
-2.7
6.9
1.4
5.6
.1
8.0
-1.4
8.3
1.3
7.0
1.1
7.9
2. 1
1.9
.5
1.4
3.9
4.3
-5.4
8.6
5.2
3.5
1. 1
5.3
5.6
3.8
1.7
-.3
4.0
-4.2
6.6
4.1
2.5
1.6
2.8
-10.6
12- 1
5.9
6.2
1.3
5.1
-7.0
10.2
6.8
3.4
1.8
3.4
-13.8
16.8
3.3
13.5
.3
12.4
1.7
1.5
-.3
.6
-1.0
.8
5.6
1.6
-1.0
*
.5
3.7
-1.5
♦
16.7 1Het acg. of financial assets
Inv. in finance co. subs.
15.8
Bank loans n.e.c.
.9
1
2
3
16.7 Het increase in liabilities
Bet interbank claias
-7.6
Credit aarket debt
23.2
Corporate bonds
5.2
Coamercial paper
18.1
Hiscellaneous liabilities
1.0
4
5
6
7
8
9
Foreign Banking Offices in D.S.
1
2
3
4
5
6
7
16.5
14.5
.5
.1
.1
13.2
.6
18.1
17.0
.5
.2
*
15.5
.8
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
4.9
3. 1
3.4
.2
1.0
-1.4
-.2
2.8
3.0
-.5
.2
.1
1.3
-2.6
-1.2
.4
.6
-3.7
1.2
8
9
10
*
*
2.1
*
-.4
1.5
-. 1
.6
7.9
«
-.5
2.4
*
.5
2.9
*
-. 1
1.9
*
-1.0
-1.9
1.5
2.4
*
1.5
9.3
4>
1.9
2. 1
11
12
13
16.5
.8
3.6
18.1
-5.6
7.9
16. 1
-6.1
7.6
2.3
-1.7
-11.1
4.6
.3
-13.6
4.9
-1.3
-28.1
-.2
-1.7
-17.4
1.3
-.3
-24.4
12.4
4.6
15.4
5.6
-.3
-29.3
14
15
16
9.5
5.8
3.7
10.9
-.8
11.7
7.9
-.8
8.6
11. 1
-11.9
23.0
15.9
10.5
5.4
36. 1
14.0
22.0
18.5
4.8
13.6
20.8
4.4
16.5
-11.8
18.8
-30.6
30.6
-1.7
32.3
17
2.7
4.9
6.8
3.9
2.0
-1.7
.4
5.1
4.2
♦
13.9 Net acg. of financial assets
Credit aarket instruaents
8.0
O.S. Governaent securities
-.2
♦
Tax-exeapt Obligations
Corporate bonds
.3
Bank loans n.e.c.
7.0
Open-aarket paper
.8
*
-.8
6.7
Corporate eguities
Security credit
Hiscellaneous assets
1
2
3
4
5
6
7
8
9
10
13.9 Het increase in liabilities
Deaand deposits
-4.8
Tiae deposits
11.4
11
12
13
3.5
-5.0
8.4
Net interbank liabilities
To foreign banks
To doaestic banks
14
15
16
4.7
3.8
fliscellaneous liabilities
17
Banks in U .S. Possessions
1
2
1.1
.7
1.6
.6
2.7
1.0
3.2
1.7
3.6
2.2
3.4
2.0
3.6
2.2
3.6
2.3
3.7
2.4
3.8
2.5
3.9 Net acg. of financial assets
Deaand deposits and currency
2.6
1
2
3
4
5
6
7
8
9
♦
*
-.2
.1
.1
*
.4
.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
.8
.4
.3
.1
.3
-.3
.7
.3
.4
•
-.1
.3
-.3
1. 1
.5
.4
.1
-. 1
.3
-.3
.9
.3
.5
*
-.2
.3
-.3
1.1
-3
.5
•
-.3
.3
-.3
1.0
-2
.6
-- 1
-.3
.4
-.3
1.1
Credit aarket instruaents
O.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Hoae aortgages
Coaaercial aortgages
Hiscellaneous assets
3
4
5
6
7
8
9
10
1.1
1.6
2.7
3.2
3.6
3.4
3.6
3.6
3.7
3.8
3.9 Net increase in deposit liab.
BILLIONS OP DOLLARS.
11/84 BASED OB INCOHPLETE INFORHATION.
10
SEPTEHBEB 5, 19§<f
Monbank Finance Suaaary
Ronbank Finance Saanary
Private Monbank Financial Institutions
20
UNADJUSTED RET FLOWS(S HILL)
UHADJUSTED MET FLOWS (I HILL)
1983
I
II
III
IV
|
|
1984
I
II
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
Private Ronbank Financial Institutions - Total
1 Current surplus
2 Physical investnent
3 Net acg. of financial assets
4
Denand deposits and currency
5
Tine and savings deposits
6
Security BP’s
7
Foreign deposits
8
9
10
11
12
13
14
15
Corporate eguities
Credit narket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate ♦ foreign bonds
Hortgages
Consuaer credit
Other loans
16
17
18
Security credit
Trade credit
Hiscellaneous assets
653
1,177
2,186
989
65,981
945
-5,701
4,855
-4,577
1,378
931
-342
1,213
-1,286
1,221
532
1,217
4.7
2.6
2.5
5.3
5.8
3.6
9.9
2.2
13. 1
2.2
1
2
80,751
979
-3,811
389
462
85,434 108,098 100,839 115,439
254
4,208
-288
2,088
-3,431
492
1,200
5,449
6,680
-128
9,034
1,873
246
2,021
1,876
-803
89.7
.5
10.4
2.4
123.8
.5
3.4
-1.0
160.5
1. 1
-.9
1.6
196. 1
1.0
3. 1
3.0
*
215.7
3.5
6.5
1.8
.5
3
4
5
6
7
17,760
49,284
31,990
5,641
4,035
4,675
1,323
1,620
20,667
50,899
11,123
206
13,369
12,927
5,561
7,713
12,533
60,632
18,049
1,716
2,304
22,204
5,875
10,484
7,391
80,185
30,489
2,208
6,865
23,143
8,729
8,751
5,193
77,916
30,190
5,114
1,688
17,099
2,540
21,285
6,494
88,502
14,923
973
8,067
32,776
11,453
20,310
6. 1
66.8
5.2
1.6
19.9
25.0
5.2
9.8
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
11.7
7.8
175. 1
22.9
13.5
34.5
66.5
16. 1
21.6
4.6
187.3
20.3
15.2
37.4
67.9
19.4
27. 1
8
9
10
11
12
13
14
15
2,230
511
674
7,045
501
3,620
2,404
497
5,619
6,486
488
6,955
-486
500
5,894
1,852
500
9,484
-1.6
.5
4.5
1.0
.6
5.6
4.6
1.2
4.5
1.0
1.3
3.8
83,772 107,054 103,112 118,172
30,790 29,647 38,774 30,327
-1,625
-457
8,187
6,895
2,350
5,783
6,53 6
7,374
33,506 35,146 26,007 33,600
6,176
8,858 15,192
8,709
90.8
22.1
2.4
1.5
44.2
.9
126.5
59.4
1.3
.1
51.1
-.5
155.7
69.2
V
-. 1
55.3
-1.8
187.6
69.7
.2
1.9
65. 1
2.8
204.5
59. 1
6.9
2. 1
79.5
1.3
19
20
21
22
23
24
29.7
6.8
.1
2.3
7.9
12.5
25
26
27
28
29
30
65,138 82,511
19 Met increase in liabilities
42,217 29,486
Tine aad savings deposits
20
-26,296 -15,680
21
Boney aarket fund shares
Security BP’s (s»l)
2,055
3,682
22
Insurance * pension reserves 35,233 35,878
23
7,563
12,179
24
Corporate eguity issues (1)
1.6 16
1.5 17
8.5 18
25
26
27
28
29
30
Credit aarket instruaents
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-*aarket paper
Fed. Boae Loan Eank loans
-6,218
1,513
6
-1,246
-506
-5,985
5,913
3,716
6
-907
4,321
-1,223
2,994
3,162
6
-223
980
-931
11,774
3,731
7
2,212
4,733
1,091
-281
313
7
-6,169
6,913
-1,345
13,041
2,480
6
2,946
-644
8,251
13.7
1.9
.2
4.6
.3
6.7
-3.8
2.8
.4
-3.7
.7
-4.0
.7
3.0
.4
-3.7
3.0
-2.0
21.3
8.9
31
32
33
Security credit
Profit taxes payable
Hiscellaneous liabilities
-2,425
39
8,354
3,872
14
11,783
-2,241
-4
11,826
5,484
29
10,790
-469
-21
9,187
1,603
-36
16,659
-2.9
•
9.0
2.9
.1
15.9
7.9
.5
24.0
.9
.7
24.9
« 31
.8 32
25. 1 33
-1,367
2,957
-1,215
-2,599
-234
2,048
3.2
-. 1
-2.6
-.8
-.3 34
34 Discrepancy
♦
-.3
8.4
4.3
(D Includes mutual fund shares.
Savings Institutions Conbined
-297
491
-31
-170
-50
109
2.3
2.0
2.9
3.8
5.0
1
2 Net acg. of financial assets
Deaand deposits and currency
3
4
line deposits
5
Security BP’s
39,737
1,110
2,912
5,774
36,876
591
735
-1,220
38,990
303
-4,106
1,156
40,153
752
359
-360
44,236
161
2.011
3,171
53,702
592
890
-436
32.2
.1
1.5
2.3
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
2
3
4
5
Corporate eguities
Credit aarket instruaents
U.S. Govt, securities
Tax-exeapt Obligations
Corporate bonds
79
30,711
24,362
-9
1,063
60
34,930
19,516
-148
1,121
72
37,532
12,586
-10
420
106
33,606
7,908
-57
348
110
34,822
14,770
-102
-238
-27
44,792
4,337
-28
-648
-2
25.3
-.3
.3
.9
-2
50.9
9.7
1.6
3.5
.1
68.4
10.2
.6
2.8
.4
78.5
7.0
.4
1.2
. 1 6
72.3 7
5.4 8
.6 9
. 1 10
2,469
-420
246
2,643
10,695
4,796
1,068
4,832
-1
18,757
12,792
2,028
3,937
-
17,640
12,653
1,306
3,680
1
16,020
11,948
1,496
2,575
1
30,140
21,951
2,264
5,925
21.3
16. 1
1.7
3.4
*
30.2
22.3
2.6
5.3
47.6
38.8
3.3
5.6
61.9
52.0
4.9
4.9
57.9
49.9
4. 4
3.5
Consumer install, credit
Consuaer noninstall.credit
Cpen-aarket paper
Hiscellaneous assets
1.935
348
543
-849
3,175
465
106
1,780
3,857
560
1,362
4,033
4,365
750
2,652
5,690
4,870
500
-998
3,961
7,021
1,005
2,965
7,891
3. 1
.2
-.2
2.8
4.4
.4
1.0
2.7
6.6
.3
.3
3.3
8. 1
.3
-.3
2.2
7.3
.5
.6
5.9
16
17
18
19
20 Net increase in liabilities
Deposits
21
Security BP’s
22
Cr. akt. instr. (svgs.+loan)
23
24
Profit taxes payable
Hiscellaneous liabilities
25
40,125
42,217
2,055
-5,094
-11
958
36,545
29,486
3,682
-599
-6
3,982
38,797
30,790
2,350
1,357
-17
4,317
39,854
29,647
5,783
1,590
-13
2.847
44,469
38,774
6,536
-2,478
-12
1,649
54,046
30,327
7,374
10,487
-14
5,872
30. 1
22.1
1.5
6.2
.1
.2
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
20
21
22
23
24
25
91
160
-224
-469
183
453
.2
#
-.4
-.8
1 Current surplus
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Hortgages
Hoae Bortgages
Hulti-faaily
Coaaercial
Fara
26 Discrepancy
11/84 BASED OR PBELIHINABT ARD INCOHPLETE INFOBHATION
♦
»
«
11
12
13
14
« 15
-.3 26
SEPTEMBBB 5, 1984
Nonbank Finance Sunnary
Nonbank Finance Sunnary
Private Nonbank Financial Institutions
SEASONALLI ADJUSTED ANNUAL BATES
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL BATES
1982
1983
1
I
II
III
IV
II
I
II
Private Nonbank Financial Institutions - Total
1
2
11.0
3.0
9.2
3.9
-.4
5.3
.1
4.9
3.9
4.3
5.0
4.7
6.9
4.0
3.9
3.7
-.3
4.9
-2.5
4.9
3
4
5
6
7
241.5
3.9
9.5
5.5
4.6
248.8
3.6
17.9
3.2
1.7
313.8
3.2
23.2
14.7
12. 1
284.7
7.7
5.4
6.1
4.9
340.3
6.4
-12.5
11.8
-1.8
277.7
9.0
-31.0
15.9
-18.3
312.0
3.3
-19.9
2.0
1.8
366.2
1.2
-1.7
27.1
1.0
405.2
12.1
2.8
2.1
8.1
415.9
4.2
-4.3
32.9
7.5
450.4 Net acg. of financial assets
7.6
Deaand deposits and currency
15.4
Tiae and savings deposits
8.1
Security RP’s
Foreign deposits
-3.2
3
4
5
6
7
8
9
10
11
12
13
14
15
12.9
190.8
30.6
10.9
27.8
62.2
22.2
37.2
24.9
181.0
56.9
9.7
31.6
43.8
11.6
27.4
20.2
221. 1
74.9
7.3
26.0
28.9
17.3
66.7
39.2
178.4
142.8
14.6
20.6
-19.1
11.8
7.5
58.4
241.0
91.7
9.8
26.6
62.9
21.5
28.6
77.6
204.0
115.3
22.8
22.3
22.0
18.4
3.3
78.8
199.3
51.7
.6
46.2
48.3
21.2
31.4
55.2
249.8
80.6
7.1
14.2
80.7
20.7
46.5
21.9
310.8
119. 1
8.7
23.7
100.8
25.6
33.0
27.0
316.2
107. 1
20.7
13.5
68.8
24.0
82.1
21.6
351.6
65.8
3.5
24.2
128.3
47.4
82.3
Corporate eguities
Credit narket instrunents
O.S. Governnent securities
Tan-exeapt Obligations
Corporate * foreign bonds
Hortgages
Consuner credit
Other loans
8
9
10
11
12
13
14
15
16
17
18
1.1
1.9
11.2
6.5
2.0
8.0
-2.3
2.6
19.0
3.2
2. 1
37.9
18.2
2.0
16.9
8.9
2.0
9. 5
28.2
2.0
16.5
9.6
2.0
21.9
25.9
2.0
19.5
-1.9
2.0
32.4
7.4
2.0
40.0
Security credit
Trade credit
Hiscellaneous assets
16
17
18
19
20
21
22
23
24
231.6
46.9
34.4
.5
86.8
1.9
245.3
57.6
29.2
2. 1
107.4
6.9
317.2
26.1
107.5
3.0
107.1
6.6
291.3
63.4
24.7
-1.2
138.2
21.8
338.5
132.1
-44.1
13.9
139.8
34.8
275.9
149.2
-105.2
8.2
138.0
45.5
310.6
128.8
-62.7
14.7
143.5
32.2
362.8
138.5
-6.5
9.4
135.7
25.8
404.6
112.0
-1.8
23.1
141.8
35.6
427.2
133.0
32.7
26. 1
100.4
57.0
452.1 Net increase in liabilities
133.7
line and savings deposits
27.6
Honey aarket fund shares
29.5
Security RP’s (s*l)
134.1
Insurance ♦ pension reserves
Corporate eguity issues (1)
36.9
19
20
21
22
23
24
25
26
27
28
29
30
27.9
5.7
*
-.5
13.4
9.2
11.0
5.6
-.1
-.9
-.8
7.1
28.5
-2.0
-.5
.9
13.9
16.2
1.6
1.4
.1
1.9
-2.6
.8
14.5
12.1
*
-.2
9.5
-7.0
-2.2
8.6
♦
-2.0
4.5
-13.3
5.4
13.7
♦
-3.1
5.7
-10.9
19.3
12.9
♦
2.7
8.8
-5.3
35.4
13.2
•
1.7
19.1
1.3
21.7
4.2
*
-22.7
34.7
5.5
33-5
9.1
*
14.0
-15.6
25.9
31
32
33
1.1
-.2
32.4
6.0
-.8
25.9
2.5
-1.2
37. 1
3.2
.1
39.5
4.7
.1
42.8
6.8
.1
35.3
8.6
.1
40.0
-4.9
♦
45.4
8.2
.1
50.2
15.9
-.1
40.3
-.9
-.1
57.9
34
-1.9
1.8
-2.2
1.8
-2.2
-1.5
1.6
-3.2
-5.8
3.9
. 1 Current surplus
4.9 Physical investaent
1
2
Credit aarket instrunents
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-narket paper
Fed. Hone Loan Eank loans
25
26
27
28
29
30
Security credit
Profit taxes payable
Hiscellaneous liabilities
31
32
33
-3.0 Discrepancy
34
(1) Includes nutual fund shares.
Savings Institutions Conbined
1
4.3
1.2
-6.4
-4.0
♦
-1.2
2.0
-. 1
-.7
-.2
2
3
4
5
66.5
.5
-.8
3.4
69.2
1.7
8.5
-.1
43.7
2.3
-.9
5.7
73.0
2.1
9.7
.4
155.8
2.8
-. 1
5.4
149.8
3.3
3.4
19.6
144.9
3.6
-1.7
-4.4
166.3
1.5
-4.4
5.0
162.0
2.7
2.3
1.2
166.3
-.8
-1. 1
9.4
211. 1 Net acg. of financial assets
3.6
Deaand deposits and currency
-2.9
Tine deposits
Security RP’s
-1.2
6
7
8
9
10
-.1
56.5
2.1
-.5
-1.1
-.5
54.5
21.4
-.5
.7
-.6
27.8
5.2
*
-1.0
-.5
31.3
48.0
-.3
-1. 1
.3
136.8
64.4
-.2
3.0
.3
119.8
91.3
*
4.3
.2
138.0
79.2
-.6
4.5
.3
148.3
59.3
1.7
.4
140.9
27.7
-.2
1.4
.4
133.7
52.6
-.4
-1.0
-. 1
178.0
17. 1
-. 1
-2.6
11
12
13
14
15
48.2
42.7
2.1
3.4
*
29.4
27.7
.1
1.6
*
18.2
16.8
-.5
2.0
-
-25.7
-31.8
1.3
4.7
*
49.6
29.8
4.6
15.1
13.0
.2
1.0
11.8
-
38.1
16.1
4.3
17.7
♦
66.4
43.8
8. 1
14.5
-
80.7
59.2
5.2
16.3
*
64.9
47.5
6.0
11.5
*
116. 1
85.3
9.1
21.8
-
16
17
18
19
3.6
2.4
1.8
7.0
.3
1.4
1.8
5.0
4.5
-1.8
2.6
9.4
5.4
1. 1
3.9
30.0
13.3
2. 1
4.7
10.7
8.8
1.4
1. 1
3.4
13.2
1.9
1.9
9.1
13. 1
2.2
5.5
15.6
18.3
3.0
10. 1
14.5
20.5
2.0
-5.0
24.6
30.0
4.0
13.5
33.6
20
21
22
23
24
25
62.0
46.9
.5
12.6
-.2
2.3
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
155.3
132.1
13.9
-2.7
♦
12.1
151.7
149.2
8.2
-11.5
♦
5.8
143.8
128.8
14.7
-8.5
«
8.8
165. 1
138.5
9.4
1.8
-. 1
15.4
160.8
112.0
23.1
7.2
»
18.5
167.6
133.0
26.1
-1.6
♦
10.1
26
-.2
.5
-.6
.5
-.4
.7
.9
-1.4
-1.9
1.1
BILLIONS OF DOLLARS.
11/84 BASED ON INCOHPLETE INFOBHATION.
»
.4 Current surplus
Corporate eguities
Credit aarket instrunents
U.S. Govt, securities
Tax-exenpt Obligations
Corporate bonds
Hortgages
Bone aortgages
Hulti-faaily
Coanercial
Farn
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Consuner install, credit
Consuaer noninstall.credit
Open-narket paper
Hiscellaneous assets
16
17
18
19
212.7 Net increase in liabilities
Deposits
133.7
Security RP’s
29.5
Cr. akt. instr. (svgs.+loan)
34.8
Profit
taxes payable
-.1
Biscellaneous liabilities
14.8
20
21
22
23
24
25
2.0 Discrepancy
26
SEPTEMBEB 5, 198*
Savings Institutions
Savings Institutions
Sector Statenents of Saving and Investaent
UNADJUSTED NET FLOSS(J BILL)
UNADJUSTED NET FLOBS (S MILL)
1983
I
III
II
|
1
IF
1984
II
I
1974
BILLIONS OF DOLLABS
1976
1977
1975
1978
Savings and Loan Associations
-521
121
-338
-453
-305
-230
1.5
1.4
2.0
2.7
3.6
1
2 Net acg. of financial assets
Mortgages
3
4
Consuaer credit
29,075
2,608
2,032
28,531
10,385
1,738
32,659
17,795
1,445
30,661
14,994
2,240
34,877
14,769
1,806
48,210
27,902
3,746
25.1
19.0
.9
40.8
27.4
.8
52.0
42.7
1.1
64.3
55. 1
1.5
63.5
50.8
.3
2
3
4
5
6
7
8
Other assets
Deaand deposits * currencj
Tine deposits
Fed. funds * security BP’s
24,435
1,564
1,453
5,339
16,408
583
1,131
-782
13,419
937
-1,761
1,244
13,427
274
343
114
18,302
1,036
594
1,550
16,562
-89
284
168
5.2
.7
2.6
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
5
6
7
8
9
10
11
12
13
O.S. Treasury securities
O.S. Govt, agency secur.
Tax-exeapt Obligations
Open-aarket paper
Miscellaneous
5,707
10,973
58
521
-1,180
6,877
6,506
-2
398
1,697
-521
8,713
3
1,383
3,421
2,770
3,604
10
1,406
4,906
5,971
6,891
8
-1,076
3,328
-2,825
8,773
2
1,639
8,610
-1.6
1.2
•3
-.2
2.3
.6
4.1
1.0
.9
2. 1
4.9
.7
-.3
-.1
2.9
-1.0
4.9
V
9
10
11
12
13
29,700
31,400
2,055
28,569
21,921
3,682
32,911
26,707
2,350
30,994
21,365
5,783
35,221
29,829
6,536
46,681
27,695
7,374
23.7
16.0
1.5
39.5
42.8
.1
49.7
50.2
-.1
61. 1
50.9
1.9
-5,094
-112
1,003
-5,985
-599
132
492
-1,223
1,357
-20
2,308
-931
1,590
-16
515
1,091
-2,478
-47
-1,086
-1,345
10,487
-11
2,247
8,251
6.2
—
-.4
6.7
-4.2
. 1
-.3
-4.0
-1.7
.1
-2
-2.0
6.9
1.2
1.4
4.3
-11
1,350
-6
3,571
-17
2,514
-13
2,269
-12
1,346
-14
3,139
.1
-.1
.1
.7
.2
1. 1
.2
1.2
104
159
-86
-120
39
241
.1
•
-.2
-.5
—.2 23
21,899
25,902
28,818
25,024
28,369
39,237
19.5
34.8
49.0
60. 1
56. 1 24
1 Current surplus
14 Net increase in liabilities
15
De posits
16
Security BP’s
17
18
19
20
Credit narket instruaents
Corporate bonds
Bank loans n.e.c.
Fed. hoae loan bank loaas
21
22
Profit taxes payable
Miscellaneous liabilities
23 Discrepancy
24 Meno:
leg.of credit akt.inst.
«
-.3
1.8
4.6
.1
.4
5.1
59.6 14
44.2 15
2. 1 16
13.5
.7
.3
12.5
17
18
19
20
.2 21
-.3 22
Butual Savings Banks
1 Current surplus
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tiae deposits
5
Fed. funds and security BP’s
94
234
166
140
149
235
.5
.4
•4
.7
.9
1
4,617
-473
102
435
3,161
-10
-314
-438
4,066
-652
-12
-88
7,494
461
242
-474
3,643
-892
-331
1,621
1,566
665
-256
-604
3.8
13.8
•
.4
12.5
.2
-.3
11.5
.1
.1
-.1
10.9
1.0
.3
*
2
3
4
5
79
4,143
1,844
1,124
-67
1,063
60
3,780
785
1,798
-146
1,121
72
4,134
772
1,641
-13
420
106
6,375
416
1.387
-67
348
110
2,502
262
245
-110
-238
-27
2,507
-82
-447
-30
-648
.2
3. 1
-.4
.2
*
.9
.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
♦
V
♦
.6
6
7
8
9
10
11
Corporate eguities
Credit narket instrunents
U.S. Treasury securities
U.s. Govt, agency secur.
Tax-exeapt Obligations
Corporate bonds
12
13
14
15
Mortgages
Consuner credit
Coaaercial paper
Miscellaneous assets
-266
423
22
331
183
331
-292
83
834
501
-21
612
2,518
527
1,246
784
1,122
1,143
78
633
2,109
279
1,326
-719
2.2
.2
.1
.5
2.3
.2
.1
.6
4.4
.3
.4
.4
6.5
.5
•
.3
16 Net increase in liabilities
17
Deposits
Miscellaneous liabilities
18
4,510
4,902
-392
2,928
2,517
411
3,762
1,959
1,803
7,005
6,427
578
3,638
3,335
303
1,543
-1,190
2,733
3.4
3.1
.3
11.0
11.2
-. 1
13. 1
13.0
.1
11.5
11. 1
.4
10.0 16
8.6 17
1.4 18
-13
1
-138
-349
144
212
.1
-. 1
-.2
-.3
-. 1 19
19 Discrepancy
.1 6
8.8 7
-.9 8
1.7 9
.5 10
. 1 11
6.5
.7
.2
.7
12
13
14
15
Credit Onions
130
136
141
143
106
104
.3
.3
.4
.5
.6
1
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tiae deposits
5
Savings and loan deposits
6,045
19
1,357
5,184
18
14
-96
2,265
18
12
-2,345
1,998
17
23
-249
5,716
17
25
1,723
3,926
16
32
830
3.3
6.4
-. 1
-.2
.1
8.2
.1
.1
.8
6.9
.1
.2
.4
5.8
-. 1
.5
a
-.5
2
3
4
5
6
7
8
9
4,669
4,714
127
-172
5,248
3,550
127
1,571
4,580
1,981
128
2,471
2,207
-269
128
2,348
3,951
1,401
129
2,421
3,048
-1,082
129
4,001
2.7
.4
.1
2.3
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
6
7
8
9
5,915
5,048
2,124
1,855
5,610
3,822
3.0
5.5
6.0
7.7
6.4 10
1 Current surplus
Credit aarket instruaents
U.S. Governaent securities
Hoae aortgages
Consuaer credit
10 Credit union shares
11/84 BASED ON PBELIMINABT AND INCOMPLETE INFOBHATION
♦
♦
SEPTBHBEB 5, 1984
Savings Institations
Savings Institutions
Sector Stateaents df Saving and Investnent
SEASONALII ADJUSTED ANNUAL BATES
1980
1979
1981
SEASONALLI^ADJOSTID^BATES
_______________________________________________________
1982
|
1
1983
1983
I
III
II
1
1
IV
1984
II
I
Savings and Loan Associations
1.4
3.3
1
-5.2
-3.2
.5
-2. 1
-1.2
-1.4
-1.8
-1.2
-.9 Current surplus
189.5 Net acg. ot financial assets
106.4
Hortgages
15.5
Consuner credit
1
2
3
4
2
3
4
56.6
44.0
3.7
52.6
28.3
2.6
35.8
18.0
.7
56.9
-23.6
4.2
120.9
45.8
7.5
116.7
13.7
7.6
112.Q
36.2
7.4
135.4
62.3
6.0
119.7
70.9
8.8
139.7
60.4
6.5
5
6
7
8
8.8
.5
-2.2
2.5
21.7
.5
2.5
-.7
17. 1
1.0
-.7
4.2
76.3
1.9
7.2
.4
67.7
3.4
1.2
5.9
95.3
4. 1
3.3
21.4
68.4
3.3
2.6
-3.1
67.0
3.3
-.7
5.0
40.0
2.8
-.5
.5
72.7
1.8
-.1
6.2
67.6
.7
-1.1
.7
Other assets
Deaand deposits * currency
Tiae deposits
Fed. funds + security BP’s
5
6
7
8
9
10
11
12
13
-2.9
3.9
-.1
.7
6.5
5.7
8.1
7.5
29.8
-.5
2.7
27.3
14.8
29.8
.1
3.7
8.8
19.0
43.9
.2
1.6
1.8
28.6
26.0
*
2.2
8.8
6.0
34.9
1.5
4.1
-3.5
6.6
.1
1.2
8.2
5.3
13.2
5.8
14.4
*
5.7
11.5
20. 1
27.6
*
-4.5
21.7
-11.5
35.1
*
7.2
36.5
U.S. Treasary securities
U.S. Govt, agency secur.
Tax-exenpt Obligations
Open-narket paper
Hiscellaneous
9
10
11
12
13
14
15
16
53.0
39.1
.5
51.9
41.8
2. 1
40.8
20.0
3.0
61.2
46.8
-1.2
122.2
101.4
13.9
119.2
114.6
8.2
112.1
98.2
14.7
136.4
114.3
9.4
121.0
78.5
23.1
141.2
107.3
26.1
17
18
19
20
12.6
1.4
2.0
9.2
7.4
.4
-.1
7.1
15.5
-.5
-.2
16.2
2.5
.2
1.5
.8
-2.7
*
4.3
-7.0
-11.5
-. 4
2-3
-13.3
-8.5
.5
1.9
-10.9
1.8
-.1
7. 1
-5.3
7.2
-.1
5.9
1.3
-1.6
-.2
-6.8
5.5
34.8
*
8.9
25.9
21
22
--2
1.1
-.3
.9
-.3
2.6
♦
*
9.7
♦
13.1
7.9
*
7.7
-. 1
11.0
*
12.2
*
9.3
-•1
4.8
#
♦
23
-.3
.7
-.3
1.2
.1
.5
.7
-.3
-.6
.3
24
49.3
46.2
23.1
20.2
101.6
86. 1
100.4
114.5
105.6
110.0
191.5 Net increase in liabilities
122.4
Deposits
29.5
Security BP’s
14
15
16
Credit aarket instrunents
Corporate bonds
Bank loans n.e.c.
Fed. hoae loan bank loans
17
18
19
20
Profit taxes payable
Biscelianeous liabilities
21
22
1.0 Discrepancy
152.8 Beno:
23
Acg.of credit akt.inst. 24
Hutual Savings Banks
1
.7
-.4
-1.8
-1.3
.6
.4
.9
.7
.6
.6
2
3
4
5
5.2
-.3
-.3
.9
8.2
1.1
4.4
.1
1.4
•
19.3
-.7
*
-.6
13.2
-.9
.4
-1.8
14.8
.2
-1.3
-1.3
18.7
-1.9
.6
4.2
1.2
-. 1
1.5
.1
30.6
-.1
1.0
.7
8.7
-2.6
-1.3
3.2
8.6 Net acg. of financial assets
2.9
Deaand deposits and currency
-1.0
line deposits
-1.8
Fed. funds and security BP’s
6
7
8
9
10
11
-.1
4.4
-.2
1.3
-.4
-1.1
-.5
5.9
.8
2.5
-.5
.7
-.6
1.0
-.2
1.2
-. 1
-1. 0
-.5
.6
.7
1.2
.2
-1. 1
.3
18.4
3.8
6.0
-.3
3.0
.3
13.5
4.8
4.7
-.3
4.3
-2
16.6
3.9
6.5
—. 6
4.5
.3
18.0
4.0
6.5
-.1
1.7
.4
25.6
2.5
6.1
-.3
1.4
.4
6. 1
-2.0
1.4
-.4
-1.0
-•1
11.6
•7
-2.9
-.1
-2.6
Corporate eguities
Credit aarket instruaents
O.S. Treasury securities
U.S. Govt, agency secur.
Tax-exeapt Obligations
Corporate bonds
6
7
8
9
10
11
12
13
14
15
3.6
.1
1.1
.5
.6
1.6
.3
1.0
-.4
.2
1.3
1.1
-2.6
1.0
1.2
2.7
3.3
1.8
1.0
1.8
-1.2
1.7
-.5
1.6
1.4
1.3
-.4
.3
3.6
2.0
.2
2.3
9.3
2.1
4.5
3.0
4.0
4.6
-.5
2.9
9.2
1.1
6.3
-2.9
Hortgages
Consuaer credit
Connercial paper
Hiscellaneous assets
12
13
14
15
16
17
18
4.6
3.4
1.2
8.3
7.5
.8
5.5
3.0
2.6
5.0
5.3
-.3
18.2
15.8
2.4
13.0
15.2
-2. 1
14.1
13.0
1.1
17.0
12.6
4.4
28.7
22.4
6.3
8.9
8.1
.8
8.7 Net increase in liabilities
-1.2
Deposits
9.9
Hiscellaneous liabilities
19
*
-.2
-.4
-.7
-.5
.2
.2
-1.0
-1.3
.8
♦
♦
.9 Current surplus
1.0 Discrepancy
1
2
3
4
5
16
17
18
19
Credit Unions
1
.3
.2
.6
.5
.6
.5
.5
.6
.6
.4
2
3
8.5
.1
2. 1
3.9
3.7
.1
—• 7
•6
11.8
.1
15.5
.1
20.0
.1
1. 1
-1.3
-.3
18.1
.1
.1
-3.1
12.2
.1
5
4.8
.2
*
1.8
-3.7
11.7
.1
.1
1.7
18.0
.1
.1
•2
13.0 Net acg. of financial assets
.1
Denand deposits and currency
.1
Tine deposits
-.9
Savings and loan deposits
2
3
4
5
6
7
8
9
2.8
*
•6
2.2
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
20.2
18.9
.5
.9
21.0
14.2
.5
6. 3
15.8
7.9
.5
7.3
9.8
-1.1
.5
10.4
17.6
5.6
.5
11.4
13.6
-4.3
.5
17.4
6
7
8
9
10
4.4
8.3
3.1
11.2
14.9
19.4
17.5
11.7
11.1
17.5
12.5 Credit union shares
4
BILLIONS OF DOLLABS.
♦
11/84 BASED ON INCOHPLETE INFOBHATION.
♦
.4 Current surplus
Credit narket instruaents
U.S. Governaent securities
Hone aortgages
Consuner credit
1
10
SEPTEHBEB 5, 1984
Insurance and Pension Ponds
Insurance and Pension Funds
Sector Stateaents of Saving and Investaent
24
UNADJUSTED NET FLCtiS(J BILL)
UNADJUSTED NET FLOWS (J HILL)
1983
I
II
III
IV
1I
,I
1984
I
II
1974
BILLIONSi OF DOLLABS
1975
1976
1977
1978
life Insurance Coapanies
1 Current surplus
2 Physical investaent
1,773
1,111
1,764
923
1,948
865
1,879
1,147
1,907
1,155
1,860
1,151
3. 1
1.6
2.5
2.3
2.8
2.0
3.6
1.9
4.3
2.2
1
2
3 Net acq. of financial assets
4
Deaand deposits and currency
16,179
-1,563
14,603
64
14,430
-440
15,914
1,291
13,270
-1,215
13,669
-46
16.6
1
20.4
-. 1
28.2
.1
31.2
.1
35.7
.2
3
4
5
6
7
8
9
2,291
13,776
3,871
3,186
685
1,567
11,474
3,319
2,373
946
496
12,935
4,311
2,425
1,886
135
12,977
7,835
4,123
3,712
161
12,772
3,966
2,420
1,546
300
11,848
2,760
1,010
1,750
2.3
12.9
. 1
-. 1
.2
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
5
6
7
8
9
172
4,925
1,340
3,002
466
1,675
633
5,457
1,396
385
284
1,498
170
4,074
2,631
1,600
149
1,439
-36
2,292
4,243
-1,560
203
1,511
-727
5,826
369
3,147
191
1,552
-46
5,799
1,750
1,409
176
1,567
.3
4.0
4.9
1.1
2.7
1.4
..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
9.4
1.5
2.6
2.4
10
11
12
13
14
15
14,802
1,888
10,783
-3
2,134
13,560
1,965
9,274
-5
2,326
13,741
1,994
9,355
-24
2,416
15,097
1,974
10,777
-26
2,372
12,021
1,967
7,728
-25
2,351
13,072
1,972
8,763
-36
2,373
15.6
7.0
6.0
*
2.6
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
35. 1
10.9
19.1
.3
4.8
16
17
18
19
20
-715
-202
394
-85
-497
112
.5
-.4
.2
1.5
10
11
12
13
14
15
Corporate equities
Credit aarket instrunents
U,S. Governaent securities
Treasury issues
Agency issues
Tax-exeapt Obligations
Corporate bonds
Hortgages
Open"aarket paper
Policy loans
Hiscellaneous assets
16 Net increase in liabilities
17
Life insurance reserves
18
Pension fund reserves
19
Profit taxes payable
20
Hiscellaneous liabilities
21 Discrepancy
1.6 21
Private Pension Funds
1 Net acg. of financial assets
Deaand deposits and currency
2
3
Tiae deposits
9,265
304
1,854
12,383
-157
-281
14,861
373
2,228
10,744
101
600
5,630
505
3,021
12,225
162
416
21.5
.1
7.3
23. 1
.2
-2.2
18.9
.2
1.3
23. 1
.1
1.8
28.8
.2
3.6
1
2
3
4
5
6
7
8
5,778
1,329
2,232
1,135
1,097
7,452
5,369
3,783
2,373
1,410
3,085
9,175
3,690
2,029
1,661
-1,035
11,078
5,828
4,693
1,135
-1,099
3,203
1,854
211
1,643
2,000
S.647
5,959
4.532
1,427
2.6
11.6
3.8
.3
3.5
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
4
5
6
7
8
-3,574
328
2,343
2,411
240
-1,065
2,388
250
2,847
4,613
300
337
-2,564
172
3,741
-4
150
3,542
6.6
4.4
*
1.5
.7
•
1.7
3.6
.1
5.8
9
10
11
12
Corporate equities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
Corporate bonds
Hortgages
Open-aarket paper
Hiscellaneous assets
1.2
10.3 9
.3 10
7.3 11
12
State and Local Governaent Eaployee Betireaent Funds
1 Met acg. of financial assets
Deaand deposits and currency
2
13,297
1,579
12,256
431
7,296
274
11,651
1,162
10,682
117
10,640
464
9.7
.5
11.3
-.4
12.9
«
15.9
.3
20.7
1.0
1
2
Corporate equities
Credit aarket instraaents
U.S. Governaent securities
Treasury issues
Agency issaes
6,037
5,681
4,273
4,914
-64 1
3,791
8,034
5,709
2,860
2,849
6,125
897
2,621
2,890
-269
5,657
4,832
4,598
2,604
1.994
2,060
8,505
9,300
5,962
3.338
1,743
e,433
7,331
4,872
2,459
2.6
6.7
.3
-.9
1.2
2.4
9.3
1.6
1.0
.7
3. 1
9.8
3. 1
1.5
1.6
3.7
11.9
5.5
2.7
2.7
2.6
17.0
7.1
2.7
3
4
5
6
7
-768
2,012
164
120
2,089
116
-111
-1,673
60
-558
283
509
-348
-639
192
-66
892
276
-.7
6. 5
.6
1.0
6.8
-.2
1.4
5. 1
.2
.2
6.0
.3
3
4
5
6
7
8
9
10
Tax-exeapt Obligations
Corporate bonds
Hortgages
4.4
.4 8
9.0 9
. - 10
Cther Insurance Coapanies
1 Current surplus
597
452
485
296
709
589
*
-.7
.9
4.6
4.6
1
3,609
29
2,688
4.7
.1
7.3
.1
14.9
.2
20.2
.3
20.4
.4
—
2
3
4
2 Met acq. of financial assets
Deaand deposits and currency
3
a
Security rps
4,399
-81
2,067
3,715
-125
2,797
4,189
-120
2,775
3,801
-71
2,002
4,353
-17
1,306
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
781
1,121
1,617
1,122
495
794
-252
998
442
556
806
231
1,553
976
577
819
563
1,282
725
557
815
1,749
1,968
1,218
750
327
65
158
-97
255
-.5
4.6
.4
*
.4
-.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
5
6
7
8
9
176
-821
149
511
-156
-1,299
205
501
-241
-1,287
206
497
-80
-790
151
488
23
-345
103
50 0
62
-215
60
500
2.2
2.0
*
.5
2.6
2.2
.1
.6
5.4
3.9
.1
1.2
10.7
3.7
.1
1.3
13.5
1.8
♦
1.5
10
11
12
13
3,371
478
-1
2,894
3,383
353
-2
3,032
3,384
315
-8
3,077
3,386
365
-7
3,028
3,388
393
-7
3,002
3,391
401
-9
2,999
5.8
.9
7.2
1.0
4.9
6.2
11.3
.9
.1
10.3
14.1
1.4
.1
12.6
15.0
.8
.1
14. 1
14
15
16
17
-431
153
-353
-119
-256
371
1. 1
-.9
-2.8
-1.5
5
6
7
8
9
10
11
12
13
Tax-exeapt Obligations
Corporate bonds
Coaaercial aortgages
Trade credit
14 Met increase in liabilities
Corporate equity issues
15
Profit taxes payable
16
17
Policy payables
18 Discrepancy
11/84 BASED OH PBELIHIMABI AHD IHCOHPLETE INFOBHATION
♦
♦
-.7 18
SEPTEMBER 5, 1984
Insurance aad Pension Funds
Insurance and Pension Funds
Sector Statenents of Saving and Investnent
25
SEASOHALLT ADJUSTED AIIOAL BATES
SEASOHALLT ADJUSTED ANHUAL BATES
1979
1980
1981
1982
1983
|
1
1983
I
II
III
IT
|
j
1984
I
II
Life Insurance Coapanies
1
2
4.9
3.0
6.3
3.9
6.3
5.3
6.3
4.6
7.4
4.0
7.1
4.4
7.1
3.7
7.8
3.5
7.5
4.6
7.6
4.6
3
4
37.8
.3
37.4
.5
45.9
1. 1
55.4
.3
61.1
-.6
62.7
.1
58.6
-1.6
59.4
-1.8
63.9
.7
50.6
1.9
55.2 Het acg. of financial assets
Deaand deposits and currency
-2.2
3
4
5
6
7
8
9
.6
33.4
2.9
.1
2.8
.5
32.8
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
4.5
51.2
19.3
12.1
7.2
9.2
46.7
12. 1
9.3
2.7
6.3
47.9
16.8
13.0
3.8
2.0
53.5
19.6
12. 1
7.5
•5
56.6
28.9
14.0
14.8
.6
41.9
12.0
5.8
6.2
1.2
49.9
15.2
8.2
7.0
Corporate eguities
Credit aarket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
5
6
7
8
9
10
11
12
13
14
15
«
11.6
12.6
1.6
4.7
3.5
.3
8.7
12.3
2.2
6.6
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
9.6
3.4
1.1
6.1
.9
17.6
5.8
8.5
1.9
6.7
2.3
17.9
6.9
2.9
1.1
6.0
.9
19.2
11.3
1.8
.6
5.8
-.3
12.3
14.5
.4
•8
6.0
-2.7
21.1
1.6
9.0
.8
6.2
-.6
18.7
8.5
7.5
.7
6.3
Tax-exeapt Obligations
Corporate bonds
Bortgages
Open-aarket paper
Policy loans
Biscelianeous assets
16
17
18
19
20
35.1
10.4
19.4
*
5.3
35.5
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
59.2
7.6
43.1
♦
8.5
54.2
7.9
37.1
*
9.3
55.0
8.0
37.4
-. 1
9.7
60.4
7.9
43.1
-.1
9.5
48.1
7.9
30.9
-.1
9.4
52.3 Het increase in liabilities
Life insurance reserves
7.9
Pension fund reserves
35.1
Profit taxes payable
-.2
Biscelianeous liabilities
9.5
21
-.7
.5
1-2
«
-.6
-.8
-1.0
-. 1
-.6
.5
7.4 Current surplus
4.6 Physical investaent
* Discrepancy
1
2
10
11
12
13
14
15
16
17
18
19
20
21
Private Pension Funds
1
2
3
40.8
.5
2.8
48.9
.1
.4
37.6
.2
1.2
54.3
-.2
-1.3
47.3
•6
4.4
34.1
1.2
7.4
49.6
-.6
-1.1
61.1
1.5
8.9
44.2
•4
2.4
18.9
2.0
12. 1
48.6 Het acg. of financial assets
Deaand deposits and currency
.6
1.7
Tiae deposits
1
2
3
4
5
6
7
8
9.3
28.2
11.6
6.6
5.0
17.7
30.8
19.5
13.0
6.5
5.4
30.8
26.2
15.9
10.3
20. 1
35.7
35.7
25.4
10.3
15.3
27.0
15.5
10.2
5.3
22.2
3.3
6.8
3.4
3.4
29.1
22.2
16. 1
9.8
6.2
15.8
34.9
12.8
6.9
6.0
-6.0
47.5
26.4
20.8
5.6
-6.0
10.8
5.3
-.3
5.5
7.2
39.0
24.6
18.0
6.6
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
4
5
6
7
9
10
11
12
12.8
.3
3.5
10.7
.6
-.1
-
3.4
.1
1.3
1.1
.4
-1.5
5.8
1.1
4.5
-14.3
1.4
9.4
9.6
.7
-4.3
9.6
1. 1
11.4
18.5
1.3
1.3
-10.3
.8
15.0
.3
14.2
—
»
Corporate bonds
Hortgages
Open-aarket paper
Biscelianeous assets
9
10
11
12
—
State and Local Governaent Eaployee Betireaent Funds
1
2
16.2
1.3
26.5
.3
31.0
.2
37.3
2.5
44.5
3.4
53.2
6.3
49.0
1.7
29.2
1.1
46.6
4.6
42.7
.5
42.6 Het acg. of financial assets
Denand deposits aad currency
1.9
1
2
3
4
5
6
7
4.1
10.8
6.6
5.3
1.4
5.3
20.9
9.9
6.2
3.7
8.3
22.5
11.8
6.6
5.2
10.1
24.7
18.9
9.3
9.5
21.6
19.4
17.2
13.3
3.9
24. 1
22.7
17. 1
19.7
-2.6
15.2
32.1
22.8
11.4
11.4
24.5
3.6
10.5
11.6
-1. 1
22.6
19.3
18.4
10.4
8.0
8.2
34.0
37.2
23.8
13.4
7.0
33.7
29.3
19.5
9.8
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
3
4
5
6
7
8
9
10
♦
3.2
1.0
.1
9.5
1.3
-.2
9.1
1.8
-.7
5.2
1.3
-1.3
2.7
.8
-3. 1
8.0
.7
.5
8.4
.5
-.4
-6.7
.2
-2.2
1.1
2.0
-1.4
-2.6
.8
-.3
3.6
1.1
Tax-exeapt Obligations
Corporate bonds
Bortgages
9
10
Other Insurance Coapanies
1
4.3
5.8
3.5
2. 1
1.8
2.4
1.9
1.8
1.2
2.8
2
3
4
18.8
.3
•
15.0
.1
-
14.2
.1
-1
14.1
♦
4.0
16.1
-.4
9.6
16.6
-.3
8.3
16.6
-.5
11.2
15.6
-.5
11. 1
15.6
-.3
8.0
16.2
-. 1
5.2
5
6
7
8
9
3.2
13.4
1.3
•2
1.1
3.1
9.9
1.8
1.6
.2
2.0
9.4
2.2
1.4
.8
3.0
5.0
2.2
.6
1.5
3.2
1.7
5.5
3.3
2.2
3. 1
3.5
5.5
3.5
2.0
3.2
.7
5.7
3.5
2.2
3.2
-.2
5. 1
2.8
2.3
3.3
2.7
5.5
3.3
2.2
3.3
5.8
6.7
3.7
3.0
10
11
12
13
9.9
2.0
.3
1.9
7.7
•
.3
2.0
4.0
2.8
•4
2.6
3.0
-.5
.3
2.1
-.3
-4.2
.7
2.0
.7
-3.3
.6
2.0
-.6
-5.2
.8
2.0
-1.0
-5. 1
.8
2.0
-.3
-3.2
.6
2.0
.1
-1.4
.4
2.0
14
15
16
17
15.6
.9
*
14.7
13.4
1.2
-.2
12.4
11.8
1. 1
-.2
10.8
13.4
2.8
10.6
13.5
1.5
•
12.0
13. 5
1.9
•
11.6
13.5
1.4
«
12.1
13.5
1.3
«
12.3
13.6
1.5
♦
12.1
13.5
1.6
*
12.0
18
1.1
4.2
1.0
1.3
-.8
-.7
-1.1
-.3
-.9
.2
BILLIOHS OF DOLLABS.
11/84 BASED OH IHCOHPLETE IHFOBBATIOH.
2.4 Current surplus
1
16.0 Het acg. of financial assets
Deaand deposits and currency
.1
Security rps
10.8
2
3
4
1.3
1.8
2.2
1.2
1.0
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Treasury issoes
Agency issues
5
6
7
8
9
.2
-.9
•2
2.0
Tax-exeapt Obligations
Corporate bonds
Coaaercial aortgages
Trade credit
13.6 Het increase in liabilities
Corporate eguity issues
1.6
♦
Profit taxes payable
Policy payables
12.0
-. 1 Discrepancy
10
11
12
13
14
15
16
17
18
SEPTEMBBB 5, 1984
Finance M. B.C.
finance M.B.C.
Sectoe Statenents of Saving aad Investaent
26
OBADJOSTBD BBT FLOSS($ BILL)
I
1 Careent surplus cf group
OBADJOSTBD BIT HOBS (S Bill)
_____________
1983
-1,420
II
III
-554
-991
)
|
IF
-2,347
1984
I
-3,852
II
1974
-2,026
BILLIOHS OF DOLLABS
1975
1976
1977
1978
-.7
-1.3
-.8
-2.2
-.9
1
1
2
3
4
5
6
Finance Coapanies
1 Bet acg. of financial assets
Deaand deposits and currency
2
Credit aarket instrnnents
3
4
Hortgages
Consnner credit
5
Other loans (to business)
6
7 Bet increase in liabilities
Credit narket instrunents
8
Corporate bonds
9
Bank loans n.e.c.
10
Open-narket paper
11
12
13
14
Profit tares payable
Inv. by parent coapanies
Other nisc. liabilities
816
23
793
225
-960
1,528
5,445
22
5,423
350
1,921
3,152
4,068
21
4,047
375
1,458
2,214
14,003
20
13,983
400
3,614
9,969
4,391
19
4,372
172
-2,830
7,030
7,425
18
7,407
300
3,427
3,680
5.1
.2
4.9
-1.9
1.9
4.8
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
24. 1
.2
24.0
.9
11.6
11.5
1,195
-1,171
1,622
-2,304
-489
8,913
6.471
3,581
-1,448
4,338
3,608
1,595
3,179
-2,581
997
12,663
10,122
3,744
1,628
4,750
4,362
2,175
358
-5,113
6,930
7,929
2,512
2,489
651
-628
6.6
6.0
1.8
.7
3.6
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
23.0 7
17.6 8
6.4 9
3.4 10
7.8 11
-2
1,280
1,088
-1
1,232
1,211
-3
797
1,219
-2
1,206
1,337
2
811
1,374
2
3,954
1,461
.7
-. 1
3.4
1.2
6.4
2. 1
.1
-.5
7. 1
. 1 12
2.7 13
2.6 14
Beal Estate Investnent Trusts
1 Physical investaent
66
66
66
66
66
66
1.1
3.0
1.6
.2
-
1
2 Met acg. of financial assets
3
Hortgages
4
Miscellaneous assets
49
49
49
-75
124
49
-75
124
49
-100
149
49
71
-22
49
100
-51
.5
.2
•4
-3.6
-4.8
1.2
-4. 1
-3.8
-.3
-3.2
-2.4
-.8
-1.4
-1. 1
-.3
2
3
4
160
113
47
6
3
55
-17
158
117
41
6
3
49
-17
152
110
42
6
3
50
-17
155
93
62
7
3
69
-17
169
147
22
7
2
30
-17
165
123
42
8
2
48
-16
1.4
-.9
1.5
.2
.2
4.4
-3.3
•
-1.1
-. 1
.4
—
-.6
.1
-2.0
-.3
-1.9
.4
-.2
-1.9
-.3
-2.4
.6
-2.5
V
-.1
-2.4
•
-1-0 5
.6 6
-1.4 7
.1 8
-.2 9
-1.4 10
. 1 11
-
-
-
-
-
-
•8
1.3
•2
-.5
-. 1 12
5 Het increase in liabilities
Corporate egnity issues
6
7
Credit aarket instrunents
Hortgages
8
9
Corporate bonds
Bank loans n.e.c.
10
Open-narket paper
11
12
Miscellaneous liabilities
Open-End Investaent Conpanies (Butual Funds)
1 Current surplus
-1,017
-241
-710
-2,001
-4,184
-2,537
-.9
-. 1
-.1
-.7
-.8
1
2 Net acg. of financial assets
Denand deposits and currency
3
10,571
204
6,852
250
5,041
69
6.399
38
10,468
16
5,648
8
.1
-.2
-.4
.1
-2.5
•1
.2
-.9
♦
2
3
Corporate eguities
Credit narket instrunents
D.S. Governnent securities
Tax-exenpt Obligations
Corporate bonds
Open-narket paper
3,012
7,355
-127
5,817
647
1,018
4,319
2,283
1,062
-43
906
358
3,760
1.212
-435
1,608
192
-153
2,571
3,790
92
2,939
980
-221
2,383
8,069
1,390
6,168
-1,114
1,625
1,453
4,187
31
1,251
1,546
1,359
-.4
.7
•4
.6
-.4
-.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
4
5
6
7
8
9
11,588
7,093
5,751
8,400
14,652
€,185
.9
-.3
-2.4
.9
4
5
6
7
8
9
10 Met share issues
1 10
Honey Harket Butual Funds
-26,296 -15,680
1 Het acg. of financial assets
-799
-138
Denand deposits and currency
2
-10,467 -4,265
Tiae deposits
3
-2,986 -1,188
Security BP's
4
-4,577
462
Foreign deposits
5
-1,625
-281
-1,553
2,749
246
-457
665
-467
-1,770
2,021
8,187
-274
-3,832
4,557
1,876
6,895
261
4,143
-379
-803
2.4
1.6
.1
1.3
•
.5
.1
♦
♦
-.7
•
•2
V
.3
.1
V
6.9
V
2.7
.1
.5
1
2
3
4
5
-7,266 -10,769
14 -15,262
4,493
-7,280
-201
218
-2,809
-5,274
2,465
23
-511
2,118
-2,629
-395
5,457
-1,092
6,549
403
3,596
-3,583
7,179
77
.8
.1
.6
-. 1
.7
.8
-. 1
•
.6
.2
•4
V
-.1
-.3
-1
-. 1
3.2
•6
2.6
.5
6
7
8
9
-26.296 -15,680
-1,625
-457
8,187
6,895
2.4
1.3
«
.2
6
7
8
9
Credit narket instrunents
O.S. Governaent securities
Open-aarket paper
Hiscellaneous
10 Met share issues
Security Brokers and Dealers
—————— ■11 -
6.9 10
—————————————
1 Met acg. of financial assets
Deaand deposits and currency
2
-2,036
168
4,252
41
-1,865
55
5,841
250
-427
400
1,577
600
-3.0
-.1
3.2
•
8.4
•2
.9
•
•2
.2
1
2
Corporate eguities
Credit narket instrunents
O.S. Governnent securities
Tax-exeapt Obligations
Corporate bonds
Security credit
-218
-4,216
-4,252
253
-217
2,230
2,684
-5,518
-8,002
-200
2,684
7,045
-1.811
-2,513
-1,003
300
-1,810
2,404
-862
-33
828
-861
6,486
763
-1,104
-1,966
100
762
-486
698
-1,573
-2,070
-200
697
1,852
-.6
-.8
-2
-.4
-.6
-1.6
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
3
4
5
6
7
8
-2,369
-2,425
-3,226
801
3.900
3,872
2,876
996
-2,193
-2,241
-2,572
331
5,561
5,484
4,323
1,161
-448
-469
-795
326
1,624
1,603
63
1,540
-3.0
-2.9
-1.9
-1.0
2.9
2.9
2.2
.6
8.0
7.9
6.5
1.5
.8
.9
1.9
-1.0
9
« 10
-2.4 11
2.5 12
56
28
48
77
21
21
-.1
•
.1
-. 1
* 13
3
4
5
6
7
8
9 Net increase in liabilities
Security credit
10
11
Froa banks
12
Custoner credit balances
13
Profit taxes payable
11/84 BASED OH PRELIMINARY AND INCOHPLETE IHFOBHATIOH
SEPTEHBEB 5, 1964
Finance I. E.C.
finance B.E.C.
27
Sector Statenents of Saving and Investnent
SEASOBALLI AOJUSTED ABBOAL BAXES
SEASOBALLI ADJUSTED AHHUAL BATES
1983
1
1979
1980
1981
1982
1983
-2.5
-4.2
-3.8
-4.3
-5.3
1
I
II
-3.3
-4.0
Finance Coapanies
III
11
1
1
1984
I
-5.5
-8.4
-12.8
11
-10.1 Current surplus of group
1
t
1
2
3
4
5
6
27.3
.2
27.1
.8
16.2
10.1
14.0
.1
13.9
.6
9.9
3.4
27.1
.1
27.0
2.9
14.6
9.5
5.1
.1
5.0
1. 1
5.3
-1.4
24.3
.1
24.2
1.4
6.0
16.9
16.4
.1
16.3
.5
8.3
7.5
18.2
.1
18.1
1.6
6.1
10.3
24.5
.1
24.5
1. 1
5.4
17.9
38.2
.1
38.2
2.1
4.3
31.7
31.3
.1
31.2
.1
1.4
29.7
7
8
9
10
11
26.5
16.5
4.3
-1.1
13.3
13.5
5.8
5.4
.9
-.5
25.6
12.8
-.8
-.3
13.9
8.1
-.9
1.2
.3
-2.5
26.4
17.0
12.1
-4.7
9.6
18.5
9.1
9.1
-4.5
4.5
23.4
13.7
13.1
-5.2
5.7
25.4
17.3
13.0
-4.6
8.9
38.1
28.0
13.3
-4.5
19.2
31.9
23.2
4.4
-16.0
34.7
12
13
14
-.1
5.5
4.6
-.2
4.4
3.5
-.2
7.9
5.0
♦
7.8
1.2
•
4.5
4.9
V
5. 1
4.4
e
4.9
4.8
*
3.2
4.9
4.8
5.3
V
3.2
5.5
.3
.3
.3
27.5 Het acg. of financial assets
•1
Denand deposits and currency
27.4
Credit aarket instruaents
1.7
Bortgages
13.4
Consuaer credit
12.3
Other loans (to business)
20.1 Het increase in liabilities
-1.5
Credit aarket instr,aents
9.1
Corporate bonds
4.9
Bank loans n.e.c.
-15.5
Open-aarket paper
*
15.8
5.8
Profit tares payable
Inv. by parent coapanies
ether aisc. liabilities
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Beal Estate Investnent Trusts
1
-
-
-
.3
.3
.3
.3
•3 Physical investaent
1
2
3
4
-.6
-1.0
.3
-1.7
-.7
-1.0
-.7
-1. 1
.4
.2
-.7
.9
•2
-.3
•4
.2
.2
•2
-.3
.5
.2
-.3
.5
.2
-.4
.6
.2
.3
-.1
.2 Het acg. of financial assets
•4
Bortgages
-.2
Biscellaneous assets
2
3
4
5
6
7
8
9
10
11
-.3
.9
-1.3
•
•
-1.4
.1
-1.5
.6
-2.2
-.1
-.2
-1.7
-.2
-.5
-.8
.2
-.5
-.7
1.5
•
.6
.6
.1
.1
*
.1
-. 1
.6
•4
.2
•
•
.2
-.1
.6
.5
.2
*
.2
-. 1
.6
.5
.2
*
•
.2
-.1
.6
.4
.2
•
*
.2
-. 1
.6
.4
.2
♦
*
.3
-.1
.7
•6
.1
»
*
•1
-.1
.7 Het increase in liabilities
.5
Corporate eguity issues
•2
Credit aarket instruaents
*
Bortgages
v
Corporate bonds
•2
Bank loans n.e.c.
-. 1
Open-aarket paper
5
6
7
8
9
10
11
12
•
.1
V
-
-
-
-
-
-
•
Hiscellaneous liabilities
12
-
Open-End Investaent Coapanies (Hutaal Fnnds)
1
1
-.9
-2.0
-1.6
-1.9
-4.0
-1.7
-2.8
-4.4
-7.0
-14.1
2
3
-.8
.1
3. 1
.1
4.7
•
16.5
•3
28.9
.6
41.5
.8
27.6
1.0
19.7
.3
26.8
.2
40.8
.1
22.6 Bet acg. of financial assets
*
Deaand deposits and currency
2
3
4
5
6
7
8
9
-2.8
1-9
«
1.4
.8
-.2
-1.8
4.8
•3
2.0
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
11-2
29.4
-.5
23.3
2.6
4. 1
17.4
9.1
4.2
-.2
3.6
1.4
14.5
4.8
-1.7
6.4
.8
-.6
11.4
15.2
.4
11.8
3.9
-.9
8.5
32.3
5.6
24.7
-4.5
6.5
5.8
16.7
.1
5.0
6.2
5.4
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Open-aarket paper
4
5
6
7
8
9
10
.1
5.2
6.3
18.4
32.8
43.2
30.4
24. 1
33.7
54.9
34.8 Het share issues
-12.2 Current surplus
10
_____________ ______ ________ _________ _______________ ___________________ _______ ________ _______ ________
Bone7 Barket Butual Funds
1
2
3
4
5
34.4
*
7.5
2.1
4.6
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
-105.2
-3.2
-41.9
-11.9
-18.3
-62.7
-.6
-17.1
-4.8
1.8
-6.5
-1. 1
-6.2
11.0
1.0
-1.8
2.7
-1.9
-7.1
8. 1
32.7
-1.1
-15.3
18.2
7.5
6
7
8
9
19.8
4.2
15.6
•4
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
-29.1
.1
-29. 1
-.8
-43.1
-61.0
18.0
.9
-11.2
-21.1
9.9
.1
-2.0
8.5
-10.5
-1.6
21.8
-4.4
26.2
1.6
10
34.4
29.2
107.5
24.7
-44.1
-105.2
-62.7
-6.5
-1.8
32.7
27.6 Het acg. of financial assets
1.0
Deaand deposits and currency
16.6
Tiae deposits
-1.5
Security HP’s
-3.2
Foreign deposits
1
2
3
4
5
Credit aarket instruaents
U.S. Governaent securities
Open-Barket paper
Biscellaneous
6
7
8
9
14.4
-14.3
28.7
.3
27.6 Bet share issues
10
Security Brokers and Dealers
1
2
1.2
.9
7.0
.5
2.8
*
4. 1
1.6
6.2
.5
8.4
.7
10.2
.2
-3.4
.2
9.5
1.0
16.1
1.6
3
4
5
6
7
8
-1.5
•6
1.9
.2
-1.5
1.1
.7
-.7
-1.4
V
.7
6.5
2.7
2.3
-.6
.2
2.7
-2.3
-.5
-.2
.4
-.2
-.5
3.2
-.2
-12.3
-12.4
.4
-.2
18.2
7.4
-8.6
-17.0
1.0
7.4
8.9
7.3
-25.5
-32.0
-.8
7.3
28.2
-5.2
-8.0
-4.0
1.2
-5.2
9.6
-10.4
-7.1
3.3
-10.4
25.9
12.0
4.5
-7.9
.4
12.0
-1.9
-.8
-9.9
-8.3
-.8
-.8
7.4
9
10
11
12
1.2
1.1
-.8
1.8
6.2
6.0
.8
5.2
2.5
2.5
4.6
-2. 1
3.4
3.2
-.1
3.3
4.9
4.7
1.4
3.3
7. 1
6.8
3.6
3.2
8.8
8.6
4.6
4.0
-4.7
-4.9
-6.2
1.3
8.4
8.2
3.5
4.6
16.0
15.9
14.6
1.3
-.7 Het increase in liabilities
-.9
Security credit
-7.1
Frca banks
6.2
Custoaer credit balances
13
.1
.2
«
•2
•2
.2
•2
.2
.2
.1
BILLIOHS Of DOLLABS.
11/84 BASSO OB IHCOBPLETE IHFOHHATIOH.
-.9 Het acg. of financial assets
2.4
Deaand deposits and currency
1
2
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Security credit
3
4
5
6
7
8
•2
Profit taxes payable
9
10
11
12
13
SEPTEMBEB 5, 1984
Monetary and Insurance Eeserves
Monetary and Insurance Beserves
Foreign Exchange, Treasury Currency, Insurance Beserves, and Interbank clain
2g
UIADJUSTED NET FLOBS (S BILL)
UNADJUSTED NET FLOBS($ MILL)
1983
I
II
III
IV
J
|
1984
II
I
1974
BILLIONS OF DCLLABS
1975
1976
1977
1978
Gold and Official Foreign Exchange Holdings (1)
1 Total U.S. reserves
610
-240
-648
823
947
108
1.5
.8
2.6
.4
-.7
1
2 U.S. gold stock and SDB’s
3
U.S. Govt.:
Ex. Stab. Fund
4
Monetary authority <2)
88
98
-10
296
303
-7
206
209
-3
-554
-547
-7
218
22 8
-10
276
287
-11
.2
.1
.1
a
.1
-. 1
. 1
. 1
a
.2
.1
. 1
-1.2
-1.3
. 1
2
3
4
522
-1,611
-809
-802
-536
-747
-107
-640
-854
-943
-342
-601
1,377
-622
-589
-33
729
528
205
323
-168
-488
-210
-278
1.3
a
a
a
.8
.3
.2
. 1
2.5
.3
•2
.1
.1
-.2
a
-.2
.5
4.7
3. 1
1.6
5
6
7
8
2,133
2,115
18
211
235
-24
89
91
—2
1,999
2,009
-10
201
188
13
320
335
-15
1.3
1.3
a
-5
.4
.1
2.2
2.2
a
.3
.3
a
.9
1.0
.1
-. 1
1.2
.6
.7
-.1
.3
.5
.1
-.3
.5
.5
.1
a
1
2
3
4
5 U.S. foreign exchange position
6
Official fgn.currency hldgs.
7
Treasury
8
Monetary authority
9
10
11
Het IMF position
U.S. Governaent asset
Honetary authority
-4.2 9
-4.2 10
a 11
(1) Lines 1, 2, and 3 exclude increases in SDB’s through allocations. which
occurred at various dates beginning January 1970Transactions in SDB's
are included.
Also excluded fron the table are revaluations of foreign
currency holdings, gold, SDB’s, and IMF position.
Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
Treasury Currency and S.D.B. Certificates
1 Total U.S. Govt, liability
2
Treasury currency
3
SDB certificates
4
Unallocated assets
112
170
-58
133
179
—
-46
137
176
-39
86
164
-78
174
157
17
-136
224
.4
.5
-360
-. 1
Insurance and Pension Fund Beserves
Life insurance reserves:
1 Net change in liabilities
2
U.S. Governaent
3
Life insurance coapanies
1,929
41
1,888
2,009
44
1,965
2,037
43
1,994
2,018
44
1,974
2,012
45
1,967
2,017
45
1,972
7. 1
. 1
7.0
8. 1
. 1
7.9
8.8
8.6
9.5
.2
9.3
11.2
.3
10.9
1
2
3
4 Net change in assets (HH)
1,929
2,009
2,037
2,018
2,012
2,017
7. 1
8. 1
8.8
9.5
11.2
4
5 Met change in liabilities
6
U.S. Governnent
7
Insurance sector
8
Life insurance coapanies
9
Private pension funds
10
St. aloe. govt. rtr. funds
30,391
-2,954
33,345
10,783
9,265
13,297
36,230
2,317
33,913
9,274
12,383
12,256
44,080
12,568
31,512
9,355
14,861
7,296
35,308
2,136
33,172
10,777
10,744
11,651
21,886
-2,154
24,040
7,728
5,630
10,682
35,469
3,841
31,628
8,763
12,225
10,640
39.9
2.7
37.2
6.0
21.5
9.7
46.8
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
75.5 5
6.9 6
68.6 7
19. 1 8
28.8 9
20.7 10
11 Net change in assets (hh)
30,391
36,230
44,080
35,308
21,886
35,469
39.9
46.8
51.3
62.2
75.5 11
.2
Pension fund reserves:
Net Interbank Clains
1 Net change in liabilities
2
Monetary authority
3
Henber bank reserves
4
Vault cash
5
6
7
8
9
10
11
12
Conaercial banking
To nonetary authority
To foreign banks, net
Liabilities, net
U.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
♦ Br. loans to U.S.
-12,036
-4,316
-3,070
-1,246
6,296
-3,250
-5,415
2, 165
7,858
-348
2,693
-3,041
12,308
4,335
749
3,586
12,277
-2,950
721
-3,671
5,823
-1,152
-1,915
763
.2
-.3
-1.2
1.0
-11. 1
.8
.2
.6
-8.9
-1.0
-.9
-.1
-1. 1
3.5
1.7
1.8
16.C
5.9
4.4
1.5
-7,720
-158
-8,546
-7,867
-13,915
-1,325
13,259
669
9,546
1,336
6,626
5,623
4,144
2,464
-617
1,063
8,206
-3,065
8,273
6,232
4,665
-3,305
-7,973
-3
7,973
916
13,703
14,232
13,397
11,597
-851
949
15,227
-798
4,584
3,874
1,949
15,604
14,032
377
6,975
2,422
4,017
3,740
2,751
5,176
3,482
1,057
.4
-2. 1
*
.9
-1.4
2.6
4.2
.2
-11.9
1.6
-9.8
-7.9
-7. 1
-.8
6.3
. 1
-7.8
-1.3
-5.7
-3.9
-6.8
.7
7.6
.2
-4.6
1.4
-.7
1.4
-1. 1
3.5
4.8
•2
5
10. 1
3.6 6
5.7 7
5.2 8
1.5 9
4.4 10
3. 1 11
.3 12
1
2
3
4
13
14
15
Fgn. bkg. off. in U.S.
Due fgn. affiliates
Less: Due fron aff.
6,048
3,278
-2,770
1,479
-4,726
-6,205
1,567
6,720
5,153
835
-446
-1,281
1,925
-681
-2,606
989
989
-
2.2
4.5
2.3
-.9
.9
1.7
2.9
4.0
1.0
2.5
5.6
3.1
3.7 13
7. 1 14
3.3 15
16
17
18
Less: Dep. at fgn. banks
U.S.-chartered banks
Fgn. bkg. off. in U.S.
679
341
338
-1,003
75
-1,078
-2,041
-2,164
123
529
484
45
-710
-453
-257
-277
-520
243
.9
.6
.2
1.9
1.3
.6
1.8
1.9
-. 1
2.0
.4
1.6
-.5 16
-.9 17
.4 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.
984
-2,095
611
-373
984
2,706
1,584
2,903
-193
1,056
-2,833
1,584
-3,096
2,998
-557
9,088
2,646
3,444
2,998
9,645
-6,646
-1,285
-3,313
1,739
1,594
-6,646
-2,028
1 1,441
9,725
16,462
3,441
1,580
1 1,441
6,737
536
4,764
3,659
1,894
1,229
536
-1,105
2.5
3.2
10.4
3.3
4.6
2.5
7.2
-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
26
Donestic affiliates
27
28
29
Fgn. bkg. off. in U.S.
Due to U.S. banks
Less:Due fron U.S. bks.
30 Net change in assets
31
Foreign
32
Domestic
33
Monetary authority
34
Federal Beserve float
35
Loans to nenber banks
36
37
38
U.S.-chartered tanks
Member bank reserves
Vault cash
Digitized for
39 FRASER
Discrepancy: Floats, etc.
http://fraser.stlouisfed.org/
11/84 BASED ON PBELIMINABT AND
Federal Reserve Bank of St. Louis
.8 19
-3-5 20
11.8
3.0
8. 0
.8
15.3
21
22
23
24
25
-1,056
-2,646
-1,739
-3,441
-1,894
-3.3
2.0
-.3
-1.6
-3.0 26
3,079
2,706
-373
-263
-3,096
-2,833
6,201
9,645
3,444
-3,622
-2,028
1,594
5,157
6,737
1,580
—2,334
-1,105
1,229
2.6
7.2
4.6
-1.6
-. 1
1.5
-.9
3.9
4.8
-1. 1
5.0
6. 1
7.3 27
15.3 28
8.0 29
-13,020
-8,546
-4,474
-158
-2,249
2,091
4,712
6,626
-1,914
1,336
534
802
4,860
8,273
-3,413
-3,065
-1,080
-1,985
18,954
13,703
5,251
916
1,623
-707
836
4,584
-3,748
-798
-776
-22
5,287
4,017
1,270
2,422
-1,442
3,864
-2.3
-2.3
-2. 1
-1. 1
-1.0
-7.3
-9.8
2.4
1.6
1.7
-. 1
-8.0
-5.7
-2.3
-1.3
-1. 1
-.2
4.3
-.7
5.0
1.4
1.2
.2
-4,316
-3,070
-1,246
-3,250
-5,415
2, 165
-348
2,693
-3,041
4,335
749
3,586
-2,950
721
-3,671
-1,152
-1,915
763
-.3
-1.2
1.0
.8
.2
.6
-1.0
-.9
-.1
3.5
1.7
1.8
5.9 36
4. 4 37
1.5 38
984
1,584
2,998
-6,646
11,441
536
2.5
-3.8
-.9
-5.4
-8 39
-
INCOHPLETE INFORMATION
♦
15.2
5.7
9.5
3.6
2.7
.9
30
31
32
33
34
35
SEPTBMBEB 5, 1984
Monetary and Insurance fieserves
Honetary and Insurance fieserves
29
Foreign Exchange, Treasury Currency, Insurance fieserves, and Interbank Clain
SEASONALLY AOJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL RATES
1979
1980
1981
1982
1983
|
1
1983
II
I
III
Gold and Official Foreign Exchange Holdings
IV
I
1
1984
I
1
.1
6.8
2.8
4.4
.5
2. 4
-1.0
-2.6
3.3
3.8
2
3
4
.1
.3
-.2
-1. 1
-1.1
*
.7
.7
*
1.4
1.4
*
*
.1
*
.4
.4
*
1.2
1.2
V
.8
.8
*
-2.2
-2.2
*
.9
.9
*
5
6
7
8
*
-.3
-1.1
.9
8.0
6.3
3.7
2.6
2. 1
-.4
-.4
*
3.0
.4
-.2
.6
.5
-3.9
-1.8
-2.1
2. 1
-6.4
-3.2
-3.2
-2. 1
-3.0
-.4
-2.6
-3.4
-3.8
-1.4
-2.4
5.5
-2.5
-2.4
-.1
2.9
2. 1
.8
1.3
9
10
11
.2
.2
1.7
1.7
*
2.5
2.5
2.6
2.6
4.4
4.5
V
8.5
8.5
. 1
.8
.9
-.1
.4
.4
*
8.0
8.0
*
.8
.8
.1
♦
♦
♦
II
(1)
.4 Total D.S. reserves
1
1. 1 U.S. gold stock and SDB's
1. 1
U.S. Govt.:
Ex. Stab. Fund
♦
Honetary authority (2)
2
3
4
-.7 U.S. foreign exchange position
-2.0
Official fgn.currency hldgs.
-.8
Treasury
Honetary authority
-1.1
5
6
7
8
1.3
1.3
-. 1
Net IHF position
U.S. Governnent asset
Honetary authority
9
10
11
(1) Lines 1, 2, and 3 excludei increases in SDB's through allocations, which
occurred at various dates beginning January 1970. Transactions in SOS's
are included.
Also excluded fron the table are revaluations of foreign
currency holdings, gold, SDB's, and IHF position.
Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
Treasury Currency and S.D.fi. Certificates
1
2
3
4
1.6
1.3
.5
-.2
1.3
.7
.7
-.2
1.2
.7
.8
-.2
1.7
.6
1.3
-.2
.5
.7
4
7
.5
.7
.5
.7
.3
.7
.7
.6
-.2
2
-.2
-.2
-.3
.1
-.5 Total D.S. Govt, liability
•9
Treasury currency
SDB certificates
-1.4
Unallocated assets
1
2
3
4
Insurance and Pension Fund fieserves
Life insurance reserves:
1
2
3
10.7
.3
10.4
9.7
V
9.7
9.2
.3
8.9
7.2
.2
7.0
8.0
.2
7.8
7.7
.2
7.6
8.0
.2
7.9
8.1
.2
8.0
8.1
.2
7.9
8.0
.2
7.9
8.1 Net change in liabilities
U.S. Governnent
.2
Life insurance conpanies
7.9
1
2
3
4
10.7
9.7
9.2
7.2
8.0
7.7
8.0
8. 1
8.1
8.0
8. 1 Net change in assets (BH)
4
143.0
11.7
131.2
39.7
54.3
37.3
146.0
14.1
131.9
40.2
47.3
44.5
139.8
9.4
130.4
43. 1
34. 1
53.2
149.7
14.0
135.7
37.1
49.6
49.0
143.9
16.2
127.7
37.4
61.1
29.2
150.7
16.7
134.0
43.1
44.2
46.6
143.0
146.0
139.8
149.7
143.9
Pension fand reserves:
5
6
7
8
9
10
84.3
7.9
76.4
19.4
40.8
16.2
106.5
8.7
97.7
22.3
48.9
26.5
107.9
9.8
98. 1
29.5
37.6
31.0
11
84.3
106.5
107.9
106.5
14.0
92.5
30.9
18.9
42.7
146.4 Net change in liabilities
U.S. Governaent
20.3
Insurance sector
126.2
Life insurance conpanies
35.1
Private pension funds
48.6
St.+loc. govt. rtr. funds
42.6
5
6
7
8
9
10
150.7
106.5
146.4 Net change in assets (hh)
11
Net Interbank Claias
1
2
3
4
1
2
3
4
22.7
1.6
-1.4
3.0
-2 9.5
-1.0
-2.3
1.3
-15.8
-3.4
-2.2
-1.2
-12.2
2.2
1.3
.9
14.4
-3.6
-5.0
1.5
-52.7
-9. 1
-12.4
3.3
14.2
-5.7
-5.2
-.5
33.9
-1.8
6.4
-8.2
62.3
2.2
-9.0
11.3
45.4
-3.8
3.6
-7.4
7.7 Net change in liabilities
Honetary authority
4.3
Henber bank reserves
11.8
Vault cash
-7.5
5
6
7
8
9
10
11
12
21.1
.5
22.3
22.1
16.3
13.1
-1.2
2.0
-2 8.5
-1.9
-23.2
-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
-43.6
-.7
-44. 1
-41. 4
-56.8
-2.6
56.8
2.7
19.9
3.4
12.2
8.2
7.6
-. 1
-3.4
4.3
35.7
-5.4
37.4
29.2
24.4
-4.9
-29.3
♦
60.0
-1.2
74.8
76.9
58.0
45.3
-8.8
3.8
49.2
-4.7
10. 1
7.3
10.1
65.0
56.5
1.5
3.4
7.5
-4.4
-5.5
-1.5
7.8
13.5
4.2
13
14
15
5.8
15.5
9.7
1.2
13.5
12.3
-1.1
11. 1
12.3
-11.7
-2.6
9.1
9.9
4.8
-5. 1
15.4
20. 1
4.7
.5
-22.4
-23.0
4.9
17.9
13.0
18.9
3.7
-15.2
-2.8
4.3
7. 1
-4.0
-.9
3. 1
Fgn. bkg. off. in D.S. 13
Due fgn. affiliates 14
15
Less: Due froa aff.
16
17
18
-.2
-.2
*
5.4
3.4
2.0
3.0
3.4
-.4
10.5
10.3
.2
-1.8
-1.3
-.6
2.7
1.4
1.4
-4.0
.3
-4.3
-8.2
-8.7
.5
2. 1
1.9
.2
-2.8
-1.8
-1.0
-1.1
—2. 1
1.0
Less: Dep. at fgn. banks 16
17
U.S.-chartered banks
Fgn. bkg. off. in U.S. 18
19
20
21
22
23
24
25
-1.7
-4.0
12.0
1.4
12.3
-1.7
16.0
-3.4
-12.4
12.6
2.7
13.3
-3.4
2 5.1
-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
1.2
-20.8
2.0
.9
1.2
22.9
4.3
-5.1
-8.9
4.2
-17.5
4.3
-3.8
3.7
-2.1
23.4
10.6
9.1
3.7
25.6
-13.6
24.0
8.2
7.0
14.8
-13.6
-15.7
43.7
25.1
65.6
13.8
8. 1
43.7
40.5
.3
-.6
6.4
7.6
-1.5
.3
6.9
26
-1.4
-2.7
-1.4
2. 1
-5.4
-4.2
-10.6
-7.0
-13.8
-7.6
Doaestic affiliates
27
28
29
3.7
16.0
12.3
11.7
25.1
13.3
8.6
15.7
7.1
23.0
13.5
-9.5
5.4
7.2
1.8
22.0
22.9
.9
13.6
-3.8
-17.5
16.5
25.6
9. 1
-30.6
-15.7
14.8
32.3
40.5
8.1
8.4
6.9
-1.5
27
Fgn. bkg. off. in O.S.
28
Due to U.S. banks
Less:Due froa U.S.bks. 29
30
31
32
33
34
35
24.4
22.3
2.1
.5
.3
.3
-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
2.3
. 1
1.0
-.9
15.5
20. 1
-4.6
-1.0
-1.2
.2
-53.9
-44. 1
-9.8
-.7
-4.9
4.2
9.9
12.2
-2.3
3.4
.3
3.1
30.2
37.4
-7.2
-5.4
.7
-6.1
75.8
74.8
1.1
-1.2
-.8
-.4
1.7
10. 1
-8.5
-4.7
.5
-5.2
7.4 Net change in assets
Foreign
-4.4
Doaestic
11.8
Honetary authority
7.5
Federal Beserve float
-7.8
Loans to aeaber banks
15.4
36
37
38
1.6
-1.4
3.0
-1.0
-2.3
1.3
-3.4
-2.2
-1.2
2.2
1.3
.9
-3.6
-5.0
1.5
-9. 1
-12.4
3.3
-5.7
-5.2
-.5
-1.8
6.4
-8.2
2.2
-9.0
11.3
-3.8
3.6
-7.4
4.3
11.8
-7.5
39
-1.7
-3.4
-2.4
15.7
-1. 1
1.2
4.3
3.7
-13.6
43.7
BILLIONS OF DOLLARS.
-
11/84 BASED OH INCOHPLETE INFOBHATION.
Coaaercial banking
To nonetary authority
To foreign banks, net
liabilities, net
U.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
♦Br. loans to O.S.
To U.S. banking, net
D.S.-chartered banks
Liabilities
To doa. affiliates
To fgn. offices
Unallocated
Less:Uue froa fgn off.
O.S.-chartered banks
Beaber bank reserves
Vault cash
.3 Discrepancy:
Floats, etc.
5
6
7
8
9
10
11
12
19
20
21
22
23
24
25
26
30
31
32
33
34
35
36
37
38
39
SEPTEMBER 5, 1984
Deposit Claias
Deposit Claias
Monetary Claias On financial Institutions
UNADJUSTED NET FLOWS(S MILL)
UNADJUSTED NET FLOWS($ BILL)
|
1983
I
II
III
IT
J
1984
I
1974
II
BILLIONS OF DCLLAES
1975
1976
1977
1978
Currency and Checkable Deposits
-10,768
32,616
9,178
-6,156
10,699
6.9
18.7
24.8
30.2
32.7
1
2
3
4
5
Pvt. domes, sectors* by type -7,555
814
Currency
-18,179
Demand deposits
9,810
Other checkable
18,984
4,154
7,517
7,313
1,576
3,813
-6,020
3,783
31,527 -7,566
5,526
473
19,688 -11,042
6,313
3,003
£,987
5,570
-843
4,260
8.7
6.3
2.2
.2
16.2
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
2
3
4
5
6
7
8
9
10
11
12
Pvt.doaes.sectors, by holder -7,555
Pvt. doaestic nonfinancial -8,940
13,450
Households
-10,342
Business
-3,338
State+local governaents
-8,710
Mail float
1,385
Finaacial sectors
18,984
17,605
13,339
2,884
1,485
-103
1,379
1,576
488
7,385
869
-2,429
-5,337
1,088
31,527
26,582
5,556
6,176
557
14,293
4,945
-7,566
-7,702
5,335
-8,220
1,827
-6,644
136
£,987
6,149
6,280
251
1,320
-1,702
2,838
8.7
8.4
7.5
1.0
-.5
.4
.3
16.2
15.6
6.9
6.2
.8
1.6
.7
18.7
17.8
15.7
2.4
-.9
.6
.9
26.9
25.3
19.8
2.9
.8
1.8
1.6
29.2 6
25.4 7
22.4 8
4.5 9
-1.0 io
-.5 11
3.8 12
13
14
Foreign
U.S. Governaent
480
-3,693
808
12,824
1,119
-802
8,404 -24,216
-136
1,546
87
1,625
2.8
-4.6
-.3
2.8
3.2
3.0
2.4
.9
-.2 13
3.7 14
-10,768
32,616
8,430
-6,156
10,699
6.9
18.7
24.8
30.2
32.7 15
-426
-1,392
152
814
9,173
5,227
-208
4,154
11,649 -7,401
7,728 -12,901
-26
108
5,526
3,813
584
63
48
473
6,206
733
-97
5,570
6.9
•4
.2
6.3
10.7
4.5
4.8
-3.3
6.3
10.6
3- 1
.2
7.4
8.2
6.3
-3. 1
.1
9.3
16
17
18
19
-14,669
-2,301
328
-12,696
20,549
7,597
1,016
11,936
-3,835 13,861
676 -11,315
1,145
-910
-3,601 24,031
-7,759
1,483
-184
-9,058
1,621
892
184
545
-.2
-5. 1
2.6
2.3
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
20
21
22
23
4,327
2,894
1,970
1,019
2,872
. 1
.4
.9
1.0
1 Net change in total assets
15 Net change ia liabilities
16
17
18
19
Monetary 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
9,178
1,364
8,430
♦
«
1.0 24
Saall Tiae and Savings Deposits
1 Net change in liabilities
2
Coaaercial banks
3
Savings institutions
4
Savings and loan assns.
5
Mutual savings banks
6
Credit unions
7 Net change in assets
Households
8
9
State aad local governaents
10
U.S. Governaent
11
Credit unions
110,016
71,186
38,830
28,330
5,477
5,023
35.107
18,249
16,858
13,395
-1,083
4,546
30,662
16,375
14,287
12,932
-814
2,169
41,554
24,151
17,403
11,537
4,146
1,720
39,146
14.720
24,426
17,419
1,499
5,508
24,259
10,645
13,614
13,077
-2,811
3,348
37.7
17.4
20.3
14.5
2.7
3.0
98.0
39.9
58. 1
41.6
11.0
5.5
121.6
54.6
66.9
48.7
12.5
5.8
94.6
28.2
66.4
48.6
10-4
7.3
65.4
13.2
52-2
38.8
7.5
5.9
110,016
106,070
2,766
-177
1,357
35, 107
33,251
2,153
-201
-96
30,662
33,501
-529
35
-2,345
41,554
40,973
938
-108
-249
39,146
37,763
-504
164
1,723
24,259
23,673
-228
-16
830
37.7
37.3
*
.4
98.0
97.0
.9
.1
*
121.6
116.2
5. 1
.2
.1
94.6
95. 1
-1.6
.1
.8
65.4 7
66.0 8
-. 1 9
.1 10
-.5 11
2.4
1.3
*
.2
6.9
1
1
2
3
4
5
♦
1
2
3
4
5
6
Honey Market Butual Fund Shares
Money aarket fund shares
1
Liab: Finance n.e.c.
Asset:
-26,296 -15,680
-1,625
-457
8,187
6,895
Bouseholds
Large Tiae Deposits
1 Net change in total liab.
2
Coaaercial banking
3
Doaestic banks
4
Foreign banking offices
5
Savings institutions
-48,392 -2,738
-47,452 -12,472
-40,416 -8,119
-7,036 -4,353
9,734
-940
11,718
-3,421
2,669
-6,090
15,139
21,288
11,014
7,154
3,860
10,274
8,235
-5,094
2,241
-7,335
13,329
34,406
20,565
17,727
2,838
13,841
41. 1
39.3
38.2
1. 1
1.7
-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
6 let change ia assets
7
Pvt. doaestic nonfinancial
8
Households
9
Business
10
State + local governaents
11
Foreign
-48,392
-41,273
-41,537
2,000
-1,736
-61
-2,738
596
3,296
3,076
-5,776
381
11,718
14,609
13,241
2,221
-853
-1,805
21,288
18,548
9,659
9,319
-430
1,999
8,235
9,517
9,602
776
-861
-759
34,406
26,092
32,505
-6,493
80
3,695
41. 1
23.3
13.8
3.8
5.7
7.7
-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
8.5
-.4
54.5 6
46.3 7
36. I 8
2.0 9
8.2 10
1. 1 11
12
13
14
15
16
17
-7,058
1,453
102
1,854
-10,467
-3,715
1,131
-314
14
-281
-4,265
-1,086
-1,761
-12
12
2,228
-1,553
741
343
242
23
600
-467
-523
594
-331
25
3,021
-3,832
4,619
284
-256
32
416
4,143
10.0
.7
.2
.2
7.3
1.6
3.4
4.5
.1
.5
-2.2
.5
-1.0
-1.4
-.2
1.3
-.7
2.3
.1
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Honey narket funds
.1
1.8
-3
7. 1
.4
.3
*
3.6
2.7
12
13
14
15
16
17
1
2
3
V
Federal Funds and Security Bepurchase Agreeaents
7,937
5,882
2.055
-2,761
-6,443
3,682
10,014
7,664
2,350
8,845
3,062
5,783
11,862
5,326
6,536
5,858
-1,516
7*374
-.4
-1.9
1.5
3.5
3.5
.1
13.6
13.6
-. 1
10.9
9.0
1.9
21.6
19.5
2. 1
4 Net change in assets
5
Nonfinancial corporations
6
State and local governaents
7
Sponsored credit agencies
8
Savings and loan assns.
9
Hutual savings banks
10
Other insurance coapanies
11
Honey aarket funds
10,982
3,608
1,806
713
5,339
435
2,067
-2,986
-860
110
-14
-1,345
-782
-438
2,797
-1,188
5,196
-1,572
707
-619
1*244
-88
2,775
2,749
8,457
9*098
522
-1*035
114
-474
2,002
-1,770
15*392
3,569
2,079
710
1.550
1,621
1*306
4,557
6,719
4,001
1,016
-171
168
-604
2,688
-379
-.7
-5.8
3.6
-1.0
2.6
-.3
.1
-1. 1
-.8
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
10.7
5.5
2.0
1.4
1.7
*
. 1
4
5
6
7
8
9
10
. 1 11
12 Discrepancy-unallocated assets
-3,045
-1,901
4,818
388
-3,530
-861
.3
4.6
9.3
5.5
10.9 12
1 Net change in liabilities
2
Coanercial banks
3
Savings and loan assns.
-
U.S. Deposits in Foreign Countries
1 Total foreign liability
Held by:
Nonfinan. corporate business
Honey aarket fends
2
3
-1,505
868
257
3,353
2,376
-19
-.2
.8
1.7
1.3
2.4
1
3,072
-4,577
406
462
11
246
1,332
2,021
500
1,876
784
-803
-.2
-
.8
-
1.7
-
1.3
♦
2.0
.5
2
3
11/84 BASED ON PBELIHINABT AND INCOMPLETE INFOBHATION
SBPTEHBEB 5, 1984
Deposit Claias
Deposit Claias
Monetary Claias On Financial Institutions
3*
SEASONALLY ADJUSTED ANMOAL~BAIES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1981
1980
|
1
1983
1982
1983
II
I
III
|
|
IV
1984
II
I
Currency and Checkable Deposits
1
1
35.8
16.2
28.2
37.8
39.5
69.2
111.6
4.6
-27.6
85.6
33.3 !let change in total assets
2
3
4
5
31.0
8.0
14.4
8.6
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
60.8
14. 4
7. 1
39.2
81.2
15.2
36.7
29.3
15.1
17.4
-17.4
15. 1
21.0
10.2
-14.4
25.3
60.7
14.0
34.7
12.0
46.6
21.2
8.3
17.0
Pvt. doses, sectors, by type
Currency
Deaand deposits
Other checkable
6
7
8
9
10
11
12
31.0
26.2
21.3
6.4
-1.5
-.1
4.8
19.8
15.5
10. 1
3.9
-.8
2.3
4.3
31.9
27.5
35.4
-10.4
-1.6
4. 1
4.4
34.7
25.4
16.4
9.6
-3.7
3.2
9.3
44.5
35.7
39.7
-.4
-3.7
.1
8.8
60.8
49.5
67.5
-9.2
-5.5
-3.3
11.3
81.2
76.1
65.3
7.1
-.4
4.2
5.0
15. 1
10.6
9.7
1.0
-4.4
4.4
4.5
21.0
6.6
16.4
-.5
-4.6
-4.7
14.4
60.7
54.3
30.6
1.3
14.9
7.5
6.4
46.6
35.8
39.1
-4.0
-1.4
2.0
10.8
Pvt.doses.sectors, by holder 6
Pvt. doaestic nonfinancial 7
8
Households
9
Eusiness
State+local governaents 10
11
Bail float
12
Financial sectors
13
14
4.2
.5
*
-3.6
-3.8
.1
-3.7
6.8
1.6
-6.7
6.2
2.2
-3.6
34.0
1.2
-11.7
2.6
-51.2
2.4
22.5
-6.0
-7.3
Foreign
O.S. Governaent
15
35.8
16.2
28.2
37.8
39.5
69.2
111.6
4.6
-27.6
85.6
33.3 Net change in liabilities
16
17
18
19
8.2
.1
.1
8.0
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
16.2
.9
.8
14.4
29.4
15.1
-.9
15.2
27.9
10.0
.4
17.4
-21.4
-31.4
-.3
10.2
22.0
7.6
.4
14.0
17.8
-3.1
-.4
21.2
Honetary authority
U.S. Govt, cash ♦ deposits
Foreign deposits
Currency outside banks
16
17
18
19
20
21
22
23
26.4
.4
4.1
21.8
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
35.7
1.2
5.4
29.1
70.6
18.9
-2.7
54.4
-28.7
-21.7
.8
-7.7
-14.0
-19.8
2.8
2.9
59.6
14.9
2.0
42.6
4.0
-4.3
-5.6
13.9
Coaaercial banking
U.S. Governaent deposits
Foreign deposits
Private doaestic deposits
20
21
22
23
24
1.2
2.0
8.7
8.4
10.6
17.3
11.6
5.5
7.9
4.1
11.5
Saviags institutions
24
2
3
4
5
13
14
15
Snail Tiae and Savings Deposits
1
2
3
4
5
6
61.1
29.5
31.7
26.0
1.6
4.0
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
217.3
130.0
87.4
66.2
7.7
13.5
372. 1
236.4
135.7
102.4
17.5
15.9
180.2
101.9
78.3
64. 1
-1.4
15.5
173.4
100.9
72.5
59.2
1.5
11.8
143.7
80.7
63.0
39.1
13.3
10.6
76.3
.7
75.6
57.7
-7
17.1
143.7 Net change in liabilities
76.8
Coaaercial banks
Savings institutions
66.9
Savings and loan assns.
64.0
-7.7
Hutual savings banks
Credit unions
10.6
7
8
9
10
11
61.1
59.9
-.6
.1
1.8
86.6
83.2
-.3
-.2
3.9
47.5
46.9
.1
-. 1
.6
139.8
136.7
1.5
.5
1.1
217.3
213.8
5.3
-.5
-1.3
372. 1
362. 1
11. 1
-.7
-.3
180.2
175.4
8.6
-.8
-3.1
173.4
179.0
-2.1
.1
-3.7
143-7
138.7
3.8
-.4
1.7
76.3
77.4
-2.0
.7
.2
143.7 Met change in assets
145.5
Households
-.9
State and local governaents
-. 1
U.S. Governaent
Credit unions
-.9
-6.5
-1.8
32.7
1
2
3
4
5
6
7
8
9
10
11
Honey Harket Mutual Fund Shares
34.4
1
29.2
107.5
24.7
-44.1
-105.2
-62.7
27.6
Honey aarket fund shares
Liab: Finance n.e.c.
Asset: Households
1
Large Tiae Deposits
1
2
3
4
5
27.8
13.8
10.2
3.6
14.0
61.0
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
-142.6
-138.8
-110.7
-28. 1
-3.8
-26.0
-64.9
-47.5
-17.4
38.9
27.0
-33.5
-9.2
-24.4
60.6
69.0
27.9
12.5
15.4
41.1
93.9
40.6
70.0
-29.3
53.3
112.9 Net change in total liab.
57.5
Coaaercial banking
46. 1
Doaestic banks
11.4
Foreign banking offices
55.4
Savings institutions
6
7
8
9
10
11
27.8
18.8
14.5
4.7
-.4
1.2
61.0
45.8
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
-142.6
-113.2
-110. 1
12.6
-15.6
1.3
-26.0
-8.7
-17.1
18.9
-10.5
—.4
27.0
27.7
20.4
11.1
-3.8
-2.7
69.0
64.1
45.5
23.9
-5.3
3.8
93.9
99.7
103.5
8.1
-11.8
-1.2
112.9 Net change in assets
84.4
Pvt. doaestic nonfinancial
Households
90.2
Business
-18.5
12.7
State ♦ local governaents
12.2
Foreign
12
13
14
15
16
17
7.8
-2.2
—.3
*
2.8
7.5
14.0
2.5
«
2. 1
.4
9.0
22.6
-.7
-. 1
-.7
1.2
22.8
4.2
7.2
1.4
-1.3
-3. 1
-11.1
1.2
«
*
4.4
-16.8
-30.7
3.3
.4
7.4
-41.9
-16.8
2.6
-1.3
.1
-1.1
-17.1
2.0
-.7
*
*
8.9
-6.2
1.1
-.5
1.0
.1
2.4
-1.9
-4.6
-. 1
-1.3
.1
12. 1
-15.3
16.2
-1.1
-1.0
.1
1.7
16.6
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Honey aarket funds
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Federal Funds and Security Bepurchase Agreeaents
1
2
3
16.1
15.6
.5
19.9
17.8
2. 1
16.2
13. 1
3.0
9.5
10.7
-1.2
24.0
10.2
13.9
33.3
25. 1
8.2
-5.2
-19.9
14.7
38.4
29.0
9.4
29.7
6.6
23.1
49.8
23.7
26.1
31.8 Net change in liabilities
2.3
Coaaercial banks
29.5
Savings and loan assns.
4
5
6
7
8
9
10
11
12.7
2.6
4.0
.6
2.5
.9
2.1
11.5
6.6
0
1.8
-.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
40.4
14.4
7.2
2.9
21.4
-1.8
8.3
-11.9
-3.0
.4
-. 1
-5.4
-3.1
-1.3
11.2
-4.8
21.2
-6.3
2.8
-2.5
5.0
.1
11. 1
11.0
36.4
36.4
2.1
-4.1
.5
.7
8.0
-7.1
58.3
14.3
8.3
2.8
6.2
3.2
5.2
18.2
27.4 Net change in assets
16.0
Nonfinancial corporations
4. 1
State and local governaents
-.7
Sponsored credit agencies
.7
Savings and loan assns.
Hutual savings banks
-1.8
10.8
Other insurance conpanies
-1.5
Honey aarket funds
12
3.4
8.4
-4.5
-5.8
.3
-7. 1
-2.2
17.1
-6.7
-8.5
1
2
3
4
5
6
7
8
9
10
11
4.3 Discrepancy-unallocated assets 12
U.S. Deposits in Foreign Countries
1
6.1
2.8
12.6
2.4
3.0
-6.0
3.5
1.0
13.4
9.5
2
3
1.5
4.6
1.1
1.7
.5
12. 1
-2.5
4.9
4.8
-1.8
12.3
-18.3
1.6
1.8
♦
5.3
8.1
2.0
7.5
BILLIONS OF DOLLABS.
11/84 BASED ON INCOHPLETE INFOBHATION.
1.0
-.1 Total foreign liability
Held by:
3. 1
Nonfinan. corporate business
-3.2
Honey aarket funds
1
2
3
SEPTEBBEB 5, 1984
O.S. Governaent Securities
O.S. Governaent Securities
O.S. Governaent Securities Harket Suaaary
OBADJUSTED SET ELOSS{$ HILL)
ONADJOSTED MET FLOSS (4 HILL)
1983
I
II
IV
III
t
1
BILLIOHS OF DCLLABS
1984
I
II
1974
1975
1976
1977
1978
Total Net Issues , by Sector and Type
1 Total O.S. Governaent secur.
O.S, Governaent
2
3
Spons. agencies ♦ atg. pools
70*574
55*656
14*918
64,028
46*908
17*120
67,162
47,874
19*288
52*669
36,200
16*469
66,131
49*464
16*667
4e,068
31,190
16,878
31.9
11.9
20.0
94.9
85.5
9.4
83.8
69.1
14.6
79.9
56.9
23. 1
90.5
53.8
36.7
1
2
3
By instruaents
Treasury issues
Household savings bonds
Treas. excl. savings bonds
55*620
475
55,145
46*951
876
46*075
47*898
868
47*030
36*209
920
35,289
49*501
764
48*737
31*202
688
30,514
12.0
3.0
9.0
85.8
4.0
81.8
69. 1
4.7
64.5
57.6
4.7
52.9
55.1
3.9
51.2
4
5
6
14,954
36
17*077
-43
19,264
-24
16,460
-9
16*630
-37
16*866
-12
19.9
.1
—.3
9.0
-.3
-. 1
14.6
.1
-.1
22.3
-.5
-.2
35.3
-1. 1
-.3
7
8
9
-3*180
18*098
476
16*644
911
18*377
3*200
13*269
5*543
11*124
9*198
7*680
16.6
3.4
2.3
7. 1
2.5
12.2
7.0
16.1
23.1 10
13.6 11
4
5
6
7
8
9
10
11
Other
Budget ageacy issues
Loan participations (1)
Spons. agency issues (2)
Bortgage pool secur. (2)
Total Met Purchases* by Sector and Type
1 Total purchases* by sector
2
O.S. Govt, (agency secur.)
3
Sponsored credit agencies
4
Treasury
Agency securities
5
70*574
-333
136
-469
64*028
96
96
67,162
654
890
-236
52,669
-1,685
-1,862
177
66*131
540
832
-292
48*068
854
633
221
31.9
*
.4
.3
.1
94.9
1.5
1.5
*
83.8
—
1.5
1.5
*
79.9
-3.8
-3.4
-.4
90.5
.6
.5
. 1
1
2
3
4
5
Federal Beserve Systea
Treasury issues
Agency issues
-3,271
-2*661
-610
5,212
5*022
190
13*933
13,750
183
-3,916
-3,481
-435
-1*423
-1,128
-295
1*988
2*045
-57
5.2
2.0
3.2
8.4
7.4
1.0
10.0
9.1
.9
7.2
5.8
1.4
7.3
7.7
-.4
6
7
8
6*704
4*218
2*486
3*881
2.795
1*086
149
2,102
-1,953
6,154
4,838
1,316
24
910
-886
4*663
3*602
1*061
3.7
7.6
-3.9
8. 1
6.6
1.5
11.6
3.3
8.3
31.5
8. 1
23.4
28.2 9
13.9 10
14.3 11
67*474
51*441
16,033
54,839
38,048
16*791
52*426
33,109
19,317
52,116
35,398
16,718
66*990
49*773
17,217
40*563
23*861
16*702
22.5
6.0
16.5
76.9
68.8
8. 1
60.7
47.0
13.7
45.1
23.8
21.3
54.3 12
18.7 13
35.7 14
14*728
15*056
475
14*581
-328
28*510
25*804
876
24,928
2,706
28*728
23,315
868
22*447
5*413
16*981
10*986
920
10*066
5,995
29*512
25*114
764
24*350
4*398
34*523
28*966
688
28*278
5*557
16.6
10.8
3.0
7.8
5.9
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
33.5
21.0
3.9
17. 1
12.5
15
16
17
18
19
16,375
18*443
475
17*968
-2*068
8*567
7*324
876
6*448
1*243
19.875
15*460
868
14,592
4*415
6*133
1*248
920
328
4*885
30*722
27*283
764
26*519
3*439
28*592
24*192
688
23*504
4*400
17.3
14.9
3.0
11.9
2.4
11.5
14.9
4.0
10.9
-3.4
6.3
3.6
4.7
-1.0
2.7
18.5
12.9
4.7
8.2
5.5
20.7
14.5
3.9
10.6
6. 1
20
21
22
23
24
6
7
8
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 (BB)
Other Treasury issues
Agency issues
20
21
22
23
24
Boaseholds
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
25
26
27
Bonfin. corp, business
Treasury issaes
Agency issues
255
251
4
1*900
1*903
-3
1*734
1*742
-8
551
562
-11
-974
-958
-16
352
371
-19
2.3
1.4
.9
8.7
9.5
-.8
2. 1
2.1
•
-6.4
-6.0
-.4
1.5 25
-8 26
.7 27
28
29
30
State and local govts.
Treasury issues
Agency issues
-1*902
-3*638
1,736
18*043
16*577
1*466
7,119
6*113
1*006
10*297
9*176
1*121
-236
-1*211
975
5*579
4*403
1,176
-2.9
-5.5
2.5
-2. 1
-1.7
-.4
4. 1
2.2
1.9
11.3
9.6
1.7
11.3 28
5.7 29
5.6 30
20*756
18*142
2,614
15*206
15,236
-30
5*649
5*922
-273
4,646
6*232
-1,586
7*288
8*761
-1*473
-8*883
-5,993
-2,890
.7
-2.9
3.6
30.0
28.6
1.4
20.2
18.7
1.5
-1.1
-1.9
.8
.5 31
-6.5 32
7.0 33
19*813
854
89
14*371
747
88
5*835
-296
110
4*140
387
119
7*397
-243
134
-8,985
-45
147
.7
-2
—.2
30. 1
-.2
. 1
19.6
.5
. 1
-1.3
-. 1
.2
. 1 34
.5 35
-. 1 36
31
32
33
34
35
36
Coaaercial banking
Treasury issues
Agency issues
Connercial banks
Foreign banking offices
Banks in O.S.possessions
37
Private nonbank finance
31,990
11.123
18,049
30,489
30*190
14,923
5.2
28.8
28.0
22.9
20.3 37
38
39
40
Total pvt. nonbank finance
Treasury issues
Ageacy issues
31*990
18*243
13,747
11*123
-2,992
14,115
18*049
3,872
14*177
30*489
18*180
12,309
30*190
15*898
14*292
14*923
888
14*035
5.2
-1.8
7.0
28.8
17.4
11.3
28.0
20.3
7.7
22.9
9.3
13.6
20.3 38
4.2 39
16. 1 40
41
42
43
savings and loan assns.
Treasury issues
Agency issues
16*680
5*707
10*973
13*383
6*877
6*506
8*192
-521
8*713
6,374
2,770
3,604
12*862
5*971
6*891
5*948
-2*825
8*773
-.4
-1.6
1.2
4.7
.6
4. 1
5.6
4.9
.7
3.9
-1.0
4.9
4.6 41
* 42
4.6 43
44
45
46
Hutual savings banks
Treasury issues
Agency issues
2*968
1,844
1*124
2*583
785
1,798
2,413
772
1*641
1*803
416
1,387
507
262
245
-529
-82
-447
-.2
-.4
.2
3.9
2.2
1.7
4-0
1.1
2.9
2.6
.1
2.6
.8 44
-.9 45
1.7 46
47
48
49
credit unions
Treasury issues
Agency issues
4,714
4,700
14
3*550
3*500
50
1*981
2,013
-32
-269
-189
-80
1*401
1*522
-121
-1*082
-900
-182
.4
.1
.3
1. 1
.3
.8
.6
.2
.5
.5
. 1
.4
.1 47
-.4 48
.5 49
50
51
52
Life insurance coapanies
Treasury issues
Agency issues
3,871
3,186
685
3,319
2*373
946
4*311
2*425
1*886
7,835
4,123
3,712
3*966
2*420
1*546
2*760
1*010
1,750
.1
-. 1
.2
1.7
1.4
.4
1.5
.6
.9
1.6
-. 1
1.7
2.0 50
-.5 51
2.5 52
53
54
55
Private pension funds
Treasury issues
Agency issues
2,232
1,135
1*097
3*783
2,373
1*410
3,690
2*029
1*661
5*828
4,693
1*135
1*854
211
1*643
5*959
4*532
1*427
3.8
.3
3.5
12.5
9.5
3. 1
7.3
6.8
.6
6.7
5.9
.8
4.9 53
2.9 54
2.0 55
56
57
58
St.♦local govt.rtr.funds
Treasury issues
Agency issues
4*273
4,914
-641
5.709
2*860
2*849
2,621
2,890
-269
4*598
2*604
1*994
9*300
5*962
3*338
7,331
4*872
2*459
.3
-.9
1.2
1.6
1.0
.7
3.1
1.5
1.6
5.5
2.7
2.7
7. 1 56
2.7 57
4.4 58
59
60
61
Other insuraace cos.
Treasury issues
Agency issues
1,617
1*122
495
998
442
556
1*553
976
577
1*282
725
557
1*968
1*218
750
158
-97
255
.4
*
.4
2.5
1.9
•6
3. 1
2.6
.6
3.0
2.5
.5
1.2 59
.7 60
.5 61
62
63
Hutual funds (Treasury)
Honey akt.funds (Treas.)
Security brokers and
Dealers (Treasury)
-127
1*062
14 -15*262
-435
-5*274
92
2,118
1*390
-1*092
31
-3*583
.4
. 1
•
.6
«
.2
.2
-.3
-.2 62
.6 63
-1,003
828
-1,966
-2*070
.2
-. 1
2.4
-.7
-.8 64
64
-4,252
-8,002
(1) Shere not shown separately* loan participations are included with
agency issues.
(2) These issues are outside the budget and outside the O.S. Governae
sector in flow of funds accounts. They are included in credit
aarket debt of financial institutions.
11/84 BASED
OH PBELIHIMABI ABD IBCOBPLETE IBFOBBATIOB
SEPTEHBEB 5, 1984
U.S. Governaent Securities
U.S. Governaent Securities
U.S. Governaent Securities Market Suaaary
33
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL HATES
1982
1983
J
1
1983
I
II
III
IV
J
|
1984
I
II
Total Net Issues# by Sector and Type
1
2
3
84.8
37.5
47.3
122.9
79.3
43.6
133.0
87.5
45.5
225.9
161.4
64.5
254.4
186.6
67.8
278.4
209.6
68.8
298.3
234.6
63.7
234.4
165.3
69. 1
206.6
137.0
69.6
261.8
184.2
77.6
223.2 Total O.S. Governaent secur.
U.S. Governnent
162.0
61.3
Spons. agencies * atg. pools
1
2
3
4
5
6
38.8
-.8
39.6
79.8
-7.3
87.1
87.8
-4.3
92.2
162. 1
.2
162.0
186.7
3.1
183.5
209.5
3.7
205.8
234.8
3.5
231.3
165.4
3.1
162.2
137.1
2.3
134.8
184.4
4.7
179.6
162.0
2.5
159.5
By instrunent:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
4
5
6
7
8
9
46.0
-1.1
-.2
43.1
-.3
-.2
45.2
-.3
-.1
63.7
-.2
-.5
67.8
♦
68.9
. 1
63.5
-.2
69.0
-.1
69.6
*
77.4
-.1
-
61.2
*
10
11
24.3
23.1
24.4
19.2
30.5
15.0
14.9
49.5
1.4
66.4
-2.2
71.0
-5.9
69.6
-2.5
71.6
16.2
53.4
34.9
42.7
27.4
33.9
-
Cther
Budget agency issues
Loan participations (1)
7
8
9
Spons. agency issues (2)
Hortgage pool secur. (2)
10
11
223.2 Total purchases, by sector
U.S. Govt, (agency secur.)
Sponsored credit agencies
5.3
4.4
Treasury
Agency securities
.9
1
2
3
4
5
Total Net Purchases# hy Sector and Type
1
2
3
4
5
84.8
.2
-.2
.4
122.9
.7
.4
.2
133.0
.4
.2
.2
225.9
1.4
1.5
-. 1
254.4
-1.3
-.8
-.4
278.4
-.3
1.5
-1.9
298.3
1.9
1.5
.4
234.4
-4.2
-3.3
-.9
206.6
-2.4
-3.1
.7
261.8
4.2
5.3
-1.2
6
7
8
7.6
6.9
.7
4.4
3.9
.6
9.8
9.6
.1
8.5
8.4
.1
12.0
12.6
-.7
11. 1
13.5
-2.4
22.5
21.8
.8
31.5
30.8
.7
-17.3
-15.5
-1.7
21.4
22.6
-1.2
11.6
11.8
-.2
Federal Beserve Systea
Treasury issues
Agency issues
6
7
8
9
10
11
-14.1
-18.5
4.5
1 0.6
12.3
-1.7
7.0
-2.5
9.5
8.0
-.9
8.9
16.9
14.0
2.9
23.6
19.6
4.0
22.3
18.5
3.8
-1.2
4.2
-5.4
22.9
13.5
9.3
-1.4
8.6
-10.0
23.0
21.7
1.2
Foreign
Short-tera aacketable
Other
9
10
11
12
13
14
91.1
46.2
44.9
107.2
64.9
42.3
115. 8
70.9
44.9
207.9
144.2
63.6
226.9
158.0
68.9
244. 1
170.8
73.2
251.6
189.2
62.4
208.3
139.0
69.2
203.5
132.9
70.6
237.6
157.8
79.8
183.4
122.8
60.6
Total private doaestic
Treasury issues
Agency issues
12
13
14
15
16
17
18
19
52.5
30.6
-.8
31.4
22.0
24.6
15.9
-7.3
23.3
8.7
29.3
21.9
-4.3
26.2
7.4
37.4
38.0
.2
37.9
-.7
88.9
75.2
3. 1
72.0
13.8
57.0
48.4
3.7
44.7
8.6
134.7
128.9
3.5
125.5
5.8
92.2
77.2
3. 1
74.0
15.0
71.9
46.2
2.3
43.9
25.7
115.2
85.3
4.7
80.5
29.9
149. 1
133.5
2.5
131.0
15.6
20
21
22
23
24
35.4
19.0
-.8
19.8
16.4
13.4
6.5
-7.3
13.9
6.9
24.3
19.8
-4.3
24.2
4.5
11.5
19.9
.2
19.7
-8.3
51.0
42.5
3.1
39.3
8.5
51.2
49.6
3.7
45.9
1.6
79.3
79.3
3.5
75.9
*
38.2
27.2
3. 1
24.1
11.0
35.0
13.8
2.3
11.5
21.3
104. 1
78.0
4.7
73.3
26. 1
153.0
142. 1
2. 5
139.5
10.9
25
26
27
1.6
2.8
-1.3
3.4
2.9
.5
3.0
3.0
*
3.2
3.1
.1
4.4
4.5
«
-3.6
-3.6
*
11.2
11.2
*
11.4
11.5
*
-1.3
-1.2
*
-8. 1
-8.0
“• 1
28
29
30
15.6
8.7
6.8
7.9
6.5
1.4
1.9
-1.0
2.9
22.6
15.0
7.6
33.6
28.2
5.3
9. 4
2.4
6.9
44.2
38.4
5.9
42.5
38.5
4.0
38.1
33.6
4.5
31
32
33
7.9
.4
7.6
25.6
15.9
9.7
11.7
1.9
9.8
27.7
20.4
7.3
46.3
45.5
.7
71.8
61.5
10.4
65.2
65.0
.2
35.5
37.3
-1.8
34
35
36
7.4
.5
♦
2 5.0
.5
.1
11.4
.6
-.3
26.7
.8
.2
44,2
1.7
.4
68.0
3.4
.4
61.8
3.0
.4
Private doaestic nonfinan.
Total Treasury issues
Savings bonds (BH)
Other Treasury issues
Agency issues
15
16
17
18
19
Bouseholds
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
20
21
22
23
24
6.2
6.3
-. 1
Nonfin. corp, business
Treasury issues
Agency issues
25
26
27
19.2
15.3
3.9
-10. 1
-14.8
4.7
State and local govts.
Treasury issues
Agency issues
28
29
30
12.5
18.4
-5.9
15.3
22.0
-6.7
-31.6
-20.7
-10.9
36.3
-1.2
.4
10.5
1.5
.5
15.7
-1.0
.5
-32.0
-.2
.6
Coaaercial banking
Treasury issues
Agency issues
31
32
33
Coaaercial banks
34
Foreign banking offices 35
Eanks in U.S.possessions 36
37
37
30.6
56.9
74.9
142.8
91.7
115. 3
51.7
80.6
119.1
107. 1
65.8
Private nonbank finance
38
39
40
30.6
15.2
15.4
56.9
33.0
23.9
74.9
47.2
27.7
142.8
85.8
57.0
91.7
37.3
54.3
115.3
61.0
54.3
51.7
-4.6
56.3
80.6
24.6
56.0
119.1
68.3
50.8
107.1
50.5
56.6
65.8
10.0
55.9
Total pvt. nonbank finance 38
39
treasury issues
40
Agency issues
41
42
43
1.0
-2.9
3.9
13.8
5.7
8.1
3.1
-3.5
6.6
37.4
7.5
29.8
44.6
14.8
29.8
62.9
19.0
43.9
54.6
28.6
26.0
40.9
6.0
34.9
20.2
5.8
14.4
47.6
20.1
27.6
23.6
-11.5
35.1
44
45
46
1.2
-.2
1.3
3.3
.8
2.5
.9
-.2
1.2
1.9
.7
1.2
9.8
3.8
6.0
9.6
4.8
4.7
10.4
3.9
6.5
10.5
4.0
6.5
8.6
2.5
6.1
-.6
-2.0
1.4
47
48
49
*
.1
-.1
4.3
3.2
1. 1
1.2
.7
.5
8.8
8.4
.4
10.0
10.0
♦
18.9
18.8
. 1
14.2
14.0
.2
7.9
8. 1
-. 1
-1.1
-.8
-.3
50
51
52
2.9
.1
2.8
2.7
1.0
1.8
5.5
2.3
3. 1
12.7
8.4
4.3
19.3
12.1
7.2
12. 1
9.3
2.7
16.8
13.0
3.8
19.6
12. 1
7.5
53
54
55
11.6
6.6
5.0
19.5
13.0
6.5
26.2
15.9
10.3
35.7
25.4
10.3
15.5
10.2
5.3
6.8
3.4
3.4
16.1
9.8
6.2
56
57
58
6.6
5.3
1.4
9.9
6.2
3.7
11.8
6.6
5.2
18.9
9.3
9.5
17.2
13.3
3.9
17. 1
19.7
-2.6
59
60
61
1.3
.2
1.1
1.8
1.6
.2
2.2
1.4
.8
2.2
.6
1.5
5.5
3.3
2.2
62
63
*
4.2
.3
2.6
.9
23.7
2.3
22.7
64
1.9
-1.4
-.6
.4
Savings and loan assns.
Treasury issues
Agency issues
41
42
43
-2.2
.7
-2.9
Butual savings banks
Treasury issues
Agency issues
44
45
46
5.6
6. 1
-.5
-4.3
-3.6
-.7
Credit unions
Treasury issues
Agency issues
47
48
49
28.9
14.0
14.8
12.0
5.8
6.2
15.2
8.2
7.0
Life insurance coapanies 50
Treasury issues
51
Agency issues
52
12.8
6.9
6.0
26.4
20.8
5.6
5.3
-.3
5.5
24.6
18.0
6.6
Private pension funds
Treasury issues
Agency issues
22.8
11.4
11.4
10.5
11.6
-1.1
18.4
10.4
8.0
37.2
23.8
13.4
29.3
19.5
9.8
St.*local govt.rtr.funds 56
Treasury issues
57
58
Agency issues
5.5
3. 5
2.0
5.7
3.5
2.2
5. 1
2.8
2.3
5.5
3.3
2.2
6.7
3.7
3.0
2.2
1.2
1.0
.6
-18.4
-.5
.1
4.2
-61.0
-1.7
-21. 1
.4
8.5
5.6
-4.4
.1
-14.3
-12.4
-17.0
-32.0
-4.0
3.3
-7.9
-8.3
Cther insurance cos.
Treasury issues
Agency issues
agency issues.
(2) These issues are outside the budget and outside the U.S. Governae
sector in flow of funds accounts. They are included in credit
aarket deht of financial institutions.
BILLIONS OF DOLLABS.
11/84 BASED OB INCOMPLETE INFOBHATION.
59
60
61
Butual funds (Treasury) 62
Boney nkt.funds (Treas.) 63
Security brokers and
64
Dealers (Treasury)
(1) Bhere not shown separately# loan participations are included with
53
54
55
SBPTEHBEB 5, 1984
Private Secarities
Private Securities
Tax-Exeapt Debt and Corporate and Foreign Secarities
34
UNADJUSTED RET FLOHS($ BILL)
UNADJUSTED NET FLOHS (A BILL)
|
1983
I
II
III
IT
|
BILLIONS OF DOLLABS
1984
I
II
1974
1975
1976
1977
1978
Tax-Exempt Debt Securities and Loans
1 Net change in liabilities
State and local governaents
2
3
Short-tera
4
Other
5
6
Households 6 nonprof. org.
Nonfin. corporate business
(Industrial revenue bonds)
7 Net change in assets
Households
8
Nonfin. corporate business
9
State+local govt. gen. funds
10
11
12
13
Coaaercial banking
Savings and loan assns.
Hutual savings banks
14
15
16
17
Insurance
Life insurance conpanies
State+local govt.rtr.funds
Other insurance coapanies
18
19
Hutual funds
Brokers and dealers
7,827
2,739
-5,169
7,908
23,439
17,527
904
16,623
9,984
4,914
-933
5,847
15,010
10,449
-1,368
11,817
6,246
1,653
-489
2,142
11,483
6,608
1,611
4,997
16.5
13.9
2.7
11.2
16. 1
12. 1
-.3
12.4
15.7
11.2
-4. 1
15.2
21.9
11.8
-2.9
14.7
28.4
18. 1
.6
17.5
1
2
3
4
2,634
2,454
3,029
2,883
2,997
2,073
2,540
2,021
2,593
2,000
2,656
2,219
.9
1.6
1.4
2.6
2.0
2.5
3.4
6.7
2.6
7.7
5
6
7,827
5,706
350
954
23,439
21,825
155
-4
9,984
6,071
117
101
15,010
7,426
43
-105
6,246
1,578
-48
234
11,483
12,470
-105
41
16.5
8.3
.6
.5
16. 1
6.2
-.2
2.4
15.7
2.0
-1. 1
2.4
21.9
-1.5
«
.6
28.4 7
4. 1 8
.2 9
-.7 10
-4,824
58
-67
1,257
-2
-146
1,979
3
-13
5,438
10
-67
-632
8
-110
-1,896
2
-30
5.4
.3
*
1.8
1.0
.6
3.0
-.3
.9
9.2
V
•4
9.6 11
. 1 12
.5 13
-420
172
-768
176
597
633
120
-156
-182
170
-111
-241
-674
-36
-558
-80
-1,052
-727
-348
23
-50
-46
-66
62
1.7
.3
-.7
2.2
4.4
.8
1.0
2.6
7.9
1.1
1.4
5.4
11.4
.5
•2
10.7
5,817
253
-43
-200
1,608
300
2,939
-
6,168
100
1,251
-200
-.4
-.1
.5
.3
1.6
-2
14.3
.4
.4
13.5
14
15
16
17
.5 18
-- 2 19
Corporate and Foreign Bonds
1 Net issues
Nonfin. corporate business
2
Foreign
3
7,283
3,641
894
12,392
6,469
1,417
7,494
2,125
714
9,380
3,486
744
6,456
5,306
224
9,394
5,000
778
24.9
19.7
2.1
36.7
27.2
6.2
41.2
22.8
8.6
38.0
22.9
5. 1
32.8
21.1
4.2
1
2
3
4
5
6
7
8
2,748
1,235
-112
1,622
3
4,506
790
132
3,581
3
4,655
1,493
-20
3,179
3
5,150
1,419
-16
3,744
3
926
613
-47
358
2
3,616
1,136
-11
2,489
2
3.1
1. 1
1.8
.2
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
4
5
6
7
8
7,283
1,287
526
1,435
1,063
12,392
-4,147
1,817
1,353
1,121
7,494
3,848
684
658
420
9,380
213
1,824
478
348
6,456
1,834
892
2,042
-238
9,394
-760
1,376
711
-648
24.9
3.1
•9
1.0
.9
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
9
10
11
12
13
2,542
4,925
-3,574
2,012
-821
8,658
5,457
2,411
2,089
-1,299
3,502
4,074
2,388
-1,673
-1,287
6,398
2,292
4,613
283
-790
2,278
5,826
-2,564
-639
-345
6,472
5,799
-4
892
-215
19.0
4.0
6.6
6.5
2.0
22.5
9. 1
4.4
6.8
2.2
26.6
16.9
.7
5. 1
3.9
32.0
18.8
3.6
6.0
3.7
38.4
17.3
10.3
9.0
1-8
14
15
16
17
18
647
-217
906
2,684
192
-1,810
980
-861
-1,114
762
1,546
697
.6
-.6
.7
1.2
.3
.5
1.1
.2
-.7 19
—.4 20
-829 -17,465
14,652
8,185
5.7
.9
10.6
-.3
10.6
-2.4
6.5
.9
1.9
-. 1
1
2
1-9
-. 1
-.5
1. 1
.8
.6
3
4
5
6
7
8
Total finance
Coaaercial banking
Savings and loan assns.
Finance coapanies
Beits
9 Net purchases
Households
10
11
Foreign
12
Coaaercial banking
13
Hutaal savings banks
14
15
16
17
18
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
19
20
Butual funds
Brokers and dealers
Corporate Eguities
1 Net issues
Hutual funds
2
3
4
5
6
7
8
Other sectors
Nonfin. corporate business
Foreign
Coanercial banks
Other insurance coapanies
Beits
9 Net purchases
Households
10
Hutual fund shares
11
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
Other insurance coapanies
21
22
Hutaal funds
Brokers and dealers
21,156
11,588
20,913
7, 093
11,400
5,751
9,568
7,794
1,016
167
478
113
13,820
11,321
1,855
174
353
117
5,649
4,196
847
181
315
110
5,910 -15,481 -25,650
5,000 -15,873 -26,382
264
6
-343
188
195
202
365
393
401
93
147
123
4.8
4. 1
-.2
1.0
.9
-.9
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
21,156
667
11,588
-10,921
20,913
-1,009
7,093
-8,102
11,400
-2,106
5,751
-7,857
14,310
-829 -17,465
6,445 -6,578 -23,485
8,185
8,400 14,652
-1,955 -21,230 -31,670
5.7
-.9
.9
-1.8
10.6
-4.7
-.3
-4.4
10.6
-5.0
-2.4
-2.6
6.5
-4.0
.9
-4.8
1.9 9
-5.2 10
-. 1 11
-5.2 12
2,720
9
79
1,254
1
60
976
-3
72
480
-6
106
552
4
110
-472
-2
-27
.5
•
.2
4.7
•
.2
2.8
«
.1
2.7
♦
.4
2.4 13
• 14
. 1 15
14,887
2,291
5,778
6,037
781
13,604
1,567
7,452
3,791
794
10,512
496
3,085
6,125
806
5,576
135
-1,035
5,657
819
1,937
161
-1,099
2,060
815
4,370
300
2,000
1,743
327
6.9
2.3
2.6
2.6
-.5
10.2
1.9
6.7
2.4
-.7
14.7
3.0
7.7
3.1
.9
10.9
1.2
4.9
3.7
1.2
3,012
-218
4,319
2,684
3,760
-1,811
2,571
-862
2,383
763
1,453
698
-.4
-.6
-.9
1.2
-2.4
.5
-3.7
.2
11/84 BASBD ON PBELIBINABT AND INCOHPLETE INFOBHATION
14,310
8,400
6.6
-. 1
2.1
2.6
2.0
16
17
18
19
20
-1.6 21
-.4 22
SEPTEMBER 5, 1984
Private Securities
Private Securities
Tax-Exempt Debt and Corporate and Foreign Securities
35
SEASONALLI ADJUSTED ANNUAL BATES
SEASONALLI ADJOSTED ANNOAL BATES
1983
1
1979
1980
1981
1982
1983
1
II
I
III
IV
i
|
1984
I
II
Tax- Exempt Debt Securities and Loans
1
2
3
4
1
2
3
4
30.3
17.4
1.0
16.5
30.3
16.3
1.7
14.6
22.7
4.9
1.1
3.8
53.8
30.3
5.9
24.4
56.3
35.6
-6.6
42.2
50.5
30. 1
-11.7
41.8
75.1
51.5
-3.8
55.2
44.0
23. 7
-6. 4
30. 1
55.5
37.2
-4.4
41.6
46. 1
27.7
8.0
19.7
24.4 Net change in liabilities
4.9
State and local governments
Short-term
-1.8
6.7
Other
5
6
2.9
10.0
3.1
10.9
4.4
13.4
8.3
15. 1
11.2
9.4
10.5
9.8
12. 1
11.5
12.0
8.3
10.2
8.1
10.4
8.0
10.6
8.9
7
8
9
10
30.3
10.4
*
-.5
30.3
7.0
-.2
.2
22.7
10.3
*
.1
53.8
32.7
. 1
1.6
56.3
41.0
.7
.9
50.5
33.0
1. 4
3.8
75.1
66.5
.6
*
44.0
28.7
.5
.4
55.5
35.9
.2
-.4
46. 1
17.4
-.2
.9
24.4 Net change in assets
7
26.0
Bouseholds
8
—.4
Nonfin. corporate business
9
.2
State+local govt. gen. funds 10
11
12
13
9.5
-.1
-.4
13.6
*
-.5
5.0
.1
-. 1
4.7
-.5
.2
3.9
.1
-.3
-10.5
-2
-.3
7.4
•
-.6
7.4
*
-. 1
11.2
*
— .3
7.2
*
—.4
-4.8
*
-. 1
14
15
16
17
9.9
*
*
9.9
8.1
.3
.1
7.7
4.2
.5
-.2
4.0
4.2
1.9
-.7
3.0
-.7
.9
-1.3
-.3
-1.5
.9
—3. 1
.7
2. 1
2.3
-.6
-.5
.9
-.4
-1.0
-2.8
-.3
-2.2
-.3
-4.0
-2.7
-1.4
.1
18
19
1.4
.2
2.0
*
2.9
.2
10.9
-.2
10.3
.4
23.3
1.0
-.2
-.8
6. 4
1.2
11.8
-
24.7
.4
.5
Households S nonprof. org.
Nonfin. corporate business
(Industrial revenue bonds)
5
6
Commercial banking
Savings and loan assns.
Mutual savings banks
11
12
13
-.6
-.6
-.3
.2
Insurance
Life insurance companies
State+local govt.rtr.funds
Other insurance companies
14
15
16
17
5.0
-.8
Mutual funds
Brokers and dealers
18
19
Corporate and Foreign Bonds
1
2
3
29.0
17.3
3.9
34.6
26.7
.8
26.4
21.8
5.4
27.8
18.7
6.7
36.5
15.7
3.8
39.1
22.0
3.6
46.5
24.0
5.7
30.8
9. 1
2.9
29.7
7.8
3.0
37.0
29.4
.9
4
5
6
7
8
7.8
2.1
1.4
4.3
-.8
1.2
-.5
-.8
-.7
2.5
1. 1
.2
1.2
♦
17.1
4.9
*
12.1
*
13.6
4.9
-. 4
9. 1
*
16.8
3.2
.5
13.1
*
18.9
6.0
-.1
13.0
*
18.9
5.7
-.1
13.3
*
6.7
2.5
-.2
4.4
♦
7.1
1.5
.4
5.4
-.2
9
10
11
12
13
29.0
-1.4
2.6
-.1
-1.1
34.6
-5.7
8.2
.6
.7
26.4
-8. 1
8.4
*
-1.0
27.8
-5.2
10.6
1.9
-1. 1
36.5
1-2
4.9
3.9
3.0
39.1
9.0
2. 1
5.7
4.3
46.5
-12.3
7.3
5.4
4.5
30.8
11.3
2.7
2.6
1.7
29.7
-3.1
7.3
1.9
1.4
37.0
11.8
3.6
8.2
-1.0
14
15
16
17
18
29.5
11.6
12.8
3.2
2.0
29.0
8.7
10.7
9.5
«
22.6
7.3
3.4
9. 1
2.8
22.1
16.2
1. 1
5. 2
-.5
21.1
16.7
5.8
2.7
-4.2
8.0
17.6
-14.3
8.0
-3.3
30.7
17.9
9.6
8.4
-5.2
16.9
19.2
9.6
-6.7
-5. 1
28.7
12.3
18.5
1.1
-3.2
19
20
.8
-1.5
1.3
.7
1.6
2.7
•2
-.5
2.7
-.2
2.6
7.4
3.6
7.3
.8
-5.2
♦
35.5 Net issues
18.7
Nonfin. corporate business
3. 1
Foreign
13.7
4.5
*
9. 1
*
Total finance
Commercial banking
Savings and loan assns.
Finance conpanies
Beits
1
2
3
4
5
6
7
8
35.5 Net purchases
2.9
Bouseholds
5.5
Foreign
2.8
Coaaercial banking
-2.6
Hutual savings banks
9
10
11
12
13
6.9
21. 1
-10.3
-2.6
-1.4
21.4
18.7
*
3.6
-.9
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance conpanies
14
15
16
17
18
3.9
-10.4
-4.5
12.0
6.2
-.8
Hutual funds
Brokers and dealers
19
20
Corporate Eguities
1
2
-3.8
-1
22.2
5.2
-4. 1
6.3
35.3
18.4
67.8
32.8
81.4
4 3.2
85.6
30.4
46.7
24. 1
57.4
33.7
-7.0
54.9
3
4
5
6
7
8
-3.9
-7.8
.8
1.3
.9
.9
17.1
12.9
2. 1
.4
1.2
.6
-10.4
-11.5
.3
.5
1.1
-.8
16.9
11.4
1.5
.6
2.8
.6
34.9
28.3
4.0
.7
1.5
.4
38.3
31.2
4. 1
.7
1.9
.5
55.3
45.3
7.4
.7
1.4
.5
22.6
16.8
3.4
.7
1.3
.4
23.6
20.0
1.1
.8
1.5
.4
-61.9
-63.5
-1.4
.8
1.6
.6
-102.6
-105.5
*
.8
1.6
.5
9
10
11
12
-3.8
-18.3
.1
-18.4
22.2
-8.0
5.2
-13.2
-4. 1
-30.0
6.3
-36.3
35.3
-7.8
18.4
-26.2
67.8
4.0
32.8
-28.8
81.4
-5.2
43.2
-48.4
85.6
2.5
30.4
-27.9
46.7
-14.2
24. 1
-38.3
57.4
32.9
33.7
-.8
-7.0
-34.2
54.9
-89. 1
-67.8 Net purchases
-86.9
Bouseholds
34.8
Hutual fund shares
-121.7
Other eguities
13
14
15
1.7
*
-.1
5.4
*
-.5
5.8
-.1
-.6
3.9
*
-.5
5.4
*
.3
9.0
*
.3
4.4
•
.2
5.8
*
.3
2.6
*
.4
.1
*
.4
-2.5
16
17
18
19
20
17.2
.6
9.3
4.1
3.2
26.6
.5
17.7
5.3
3.1
18.6
2.9
5.4
8.3
2.0
36.6
3.4
20. 1
10. 1
3.0
44.6
4.5
15.3
21.6
3.2
58.6
9.2
22.2
24. 1
3. 1
53.7
6.3
29. 1
15.2
3.2
45.5
2.0
15.8
24.5
3.2
20.4
.5
-6.0
22.6
3.3
6.2
.6
-6.0
8.2
3.3
16.7
1.2
7.2
7.0
1.3
21
22
-2.8
-1.5
-1.8
.7
-.6
2.7
3.5
-.5
13.7
-.2
11.2
7.4
17.4
7.3
14.5
-5.2
11.4
-10.4
8.5
12.0
5.8
-.8
BILLIONS OF DOLLABS.
11/84 BASED ON INCOMPLETE INFOBHATION.
-67.8 Net issues
34.8
Hutual funds
♦
-. 1
Other sectors
Nonfin. corporate business
Foreign
Commercial banks
Other insurance coapanies
Beits
1
2
3
4
5
6
7
8
9
10
11
12
Foreign
Commercial banking
Hutual savings banks
13
14
15
Insurance
Life insurance companies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance conpanies
16
17
18
19
20
Mutual funds
Brokers and dealers
21
22
SEPTBHBEB 5, 1984
Hortgages - I
Hortgages - I
Mortgage Markets by Type of Mortgage
36
UNADJUSTED NET FLOWS($ MILL)
UNADJUSTED NET FLOWS(S HILL)
|
1983
I
II
III
II
1
BILLIONS OF DOLLABS
1984
II
1
1974
1975
1976
1977
1978
Total Bortgages
1 Net change in aortgages
Hoae aortgages
2
Multi-fanily resid.
3
4
Coaaercial
5
Fara
23,104
14,649
-79
8,308
226
39,334
25,212
1,408
11,685
1,029
53,556
36,263
3,082
13,167
1,044
51,255
32,603
3,902
14,195
555
43,101
29,952
3,231
9,426
492
58,192
37,829
5,055
14,390
918
64.5
37.3
6.9
15.3
5.0
57.9
42.0
*
11.2
4.6
85.4
63.9
3.9
11.9
5.7
126.2
94.0
7.0
18.1
7. 1
150.2
112.2
9. 1
21.7
7.2
1
2
3
4
5
6 Borrowings by:
U.S. Governaent
7
Beits
8
23,104
-15
6
39,334
-32
6
53,556
-14
6
51,255
-20
7
43,101
-37
7
58,192
-24
8
64.5
-.1
.2
57.9
-. 1
.4
85.4
-. 1
•4
126.2
-.1
•
150.2
-. 1
.1
6
7
8
23,113
17,857
631
4,625
226
6,035
-1,636
39,360
18,400
614
20,346
1,029
15,808
3,509
53,564
32,659
634
20,271
1,044
17,357
1,870
51,268
34,271
610
16,387
555
16,643
-811
43,131
34,662
622
7,847
492
9,611
-2,256
58,208
32,275
610
25,323
918
21,672
2,733
64.4
38.0
1. 1
25.4
5.0
19.4
.9
57.6
40.6
1.0
16.0
4.6
12.5
-1. 1
85. 1
6I.4
.8
22.9
5.7
14.8
2.4
126.3
90.8
1. 1
34.4
7.1
23.8
3.5
150.2
111.5
1.3
37.4
7.2
26.1
4.1
9
10
11
12
13
14
15
16 Funds advanced by:
17
Households
St.+loc- govt. gen. funds
18
23,104
-5,986
1,470
39,334
-2,066
1,437
53,556
-256
1,450
51,255
425
1,500
43,101
117
1,200
58,192
1,174
1,400
64.5
6.9
2.5
57.9
6.5
1.6
85.4
7.4
1.3
126.2
8.1
.6
150.2 16
14.8 17
2.5 18
19
20
21
U.S. Governaent
Sponsored credit ag.
Mortgage pools
-429
2,108
18,098
789
2,757
16,644
362
1,337
18,377
498
3,841
13,269
-320
4,018
11,124
261
2,532
7,680
3.8
10.2
3.4
6.5
5.3
7.1
.4
2.9
12.2
4.2
3.5
16. 1
4.2 19
12.2 20
13.6 21
22
23
24
25
26
27
Private finan. institutions
Coaaercial banking
Savings institutions
S+1 associations (1)
Hutual savings banks
Credit unions
7,843
3,168
2,469
2,608
-266
127
19,773
6,846
10,695
10,385
183
127
32,286
10,082
18,757
17,795
834
128
31,722
8,579
17,640
14,994
2,518
128
26,962
9,863
16,020
14,769
1,122
129
45,145
12,369
30,140
27,902
2,109
129
37.8
12.8
21.3
19.0
2.2
.1
30.9
3.8
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
102.9
35.1
57.9
50.8
6.5
.6
22
23
24
25
26
27
1,981
1,340
328
164
149
225
-
1,957
1,396
240
116
205
350
-75
3,147
2,631
250
60
206
375
-75
5,203
4,243
300
509
151
400
-100
836
369
172
192
103
172
71
2,236
1,750
150
276
60
300
100
5.4
4.9
•
.6
«
-1.9
.2
2.8
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
10.2
9.4
.3
.5
♦
.9
-1.1
28
29
30
31
32
33
34
1,091
-1,345
8,251
6.7
-4.0
-2.0
4.3
9
10
11
12
13
14
15
28
29
30
31
32
33
34
Private nonfinancial sectors
Households
Nonprofit institutions
Nonfinancial business
Faras
Nonfara noncorporate
Corporate
(1)
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt, rtr.funds
Other insurance cos.
Finance coapanies
Beits
-5,985 -1,223
-931
35 (1) Heao: FHLB loaas to s+1
associations (included in •other loans" category)
12.5 35
Hole Hortgages
1 Net borroving
2
Households
Nonfara noacorp. business
3
4
Nonfin. corporate business
14,649
17,857
-1,604
-1,604
25,212
18,400
3,406
3,406
36,263
32,659
1,802
1,802
32,603
34,271
-834
-834
29,952
34,662
-2,355
-2,355
37,829
32,275
2,777
2,777
37.3
38.0
-.3
-.3
42.0
40.6
.7
.7
63.9
61.4
1.2
1.2
94.0
90.8
1.6
1.6
112.2
111.5
•4
.4
1
2
3
4
5 Net change in assets
6
Households
7
State and local governaents
14,649
-4,538
1,092
25,212
-1,643
1,269
36,263
-1,611
800
32,603
-1,801
900
29,952
-813
800
37,829
-167
900
37.3
6.4
.7
42.0
5.8
.8
63.9
4.8
-8
94.0
5.4
.2
112.2
12. 1
2.0
5
6
7
8
9
10
11
U.S. Governaent
Spons. credit agencies
Mortgage pools
Coaaercial banking
-167
1,915
17,598
-811
412
2,376
16,550
1,686
377
1,200
18,058
4,022
126
3,859
13,042
3,618
63
3,995
10,881
3,146
-38
1,923
7,183
5,802
1.4
5.5
3.3
6.6
4. 1
2.5
7.3
2. 1
-.7
.5
11.9
9.2
2.5
.5
15.7
18.9
1.9 8
9.0 9
12.4 10
24. 1 11
12
13
14
15
Savings institutions
Savings and loan assns.
Hutual savings banks
Credit unions
-420
-1,904
1,357
127
4,796
3,378
1,291
127
12,792
11,523
1,141
128
12,653
11,066
1,459
128
11,948
10,858
961
129
21,951
20,172
1,650
129
16.1
15.3
.7
.1
22.3
21.0
.8
.5
38.8
35.2
3. 1
.5
52.0
46.8
4.9
.3
49.9
44.5
4.9
.6
12
13
14
15
16
17
18
19
Insarance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
-170
-329
105
54
-459
-562
150
-47
-234
-326
100
-8
-19
-149
125
5
-254
-414
163
-3
55
11
20
24
-1.4
-1.4
•
.1
-1.9
-1.4
-. 1
-.4
-1.6
-1.5
-. 1
♦
-1.3
-1.4
*
.1
-. 1
-.3
.3
-. 1
16
17
18
19
20
21
Finance coapanies
Beits
150
-
250
-25
779
80
250
-25
182
4
200
20
-1.2
-.2
-.5
-.5
.4
-.2
.4
-.2
11/84 BASED ON PBELIHINABI AND INCOHPLETE INFOBHATION
1. 1 20
-.2 21
SEPTEHBEB 5, 1984
Hortgages - I
Hortgages - I
Hortgage Harkets by Type of Hortgage
37
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
SEASONALLY ADJUSTED ANNUAL BATES
1982
1983
|
1
1983
I
1984
|
II
III
IV
|
I
11
Total Hortgages
1
2
3
4
5
163.5
120.0
7.7
24.0
11.8
134.9
96.7
8.7
20. 1
9.3
113.9
76.0
4.0
24.2
9.7
86.5
52.5
5.4
23.7
5. 0
167.2
108.7
8.3
47.4
2.9
102.5
67. 1
-.5
35.3
.5
154.6
100.5
6.0
45.4
2.7
198.6
131.8
12.3
50.4
4.2
213.3
135.5
15.5
58.3
4.0
180.6
126.7
12.7
39.4
1.8
230.8 Net change in aortgages
151.7
Boae aortgages
20.6
Hulti-faaily resid.
56.0
Coaaercial
2.5
Fare
1
2
3
4
5
6
7
8
163.5
-.1
♦
134.9
-. 1
-. 1
113.9
-. 1
-. 5
86.5
-. 1
. 1
167.2
-. 1
♦
102.5
-. 1
*
154.6
-.1
*
198.6
-. 1
*
213.3
-.1
*
180.6
-. 1
*
230.8 Borrovings by:
U.S. Governaent
-.1
*
Beits
6
7
8
9
10
11
12
13
14
15
163.6
121.2
1.5
40.8
11.8
27.6
1.4
135.1
98.3
1.9
34.9
9.3
23.5
2.0
114.6
78.7
2.3
33.6
9.7
25.8
-1.9
86.5
51.6
2.6
32.3
5.0
28.6
-1.3
167.3
103.2
2.5
61.6
2.9
55.8
2.9
102.5
58.9
2.5
41. 1
.5
36.6
4.0
154.7
91.2
2.5
61.0
2.7
53.2
5.0
198.6
126.6
2.5
69.5
4.2
62.5
2.8
213.4
136.0
2.4
74.9
4.0
71.0
-.2
180.8
122.7
2.5
55.6
1.8
51.4
2.4
230.9
148.9
2.4
79.5
2.5
75.8
1.2
16
17
18
163.5
20.2
6.3
134.9
22.6
9.9
113.9
23.3
7.6
86.5
20.4
4.9
167.2
-7.9
5.9
102.5
-24.9
5.9
154.6
-7.9
5.7
198.6
-1.0
5.8
213.3
2.2
6.0
180.6
-.4
4.8
230.8 Funds advanced by:
Households
5.3
5.6
St.+loc. govt. gen. funds
19
20
21
6.6
14.4
23.1
7.5
14. 1
19.2
4.9
12.6
15.0
2.4
13.8
49.5
1.2
10.0
66.4
-.7
10. 1
71.0
2.5
10.4
69.6
1.0
5.1
71.6
2.1
14.5
53.4
•
18.7
42.7
.4
9.1
33.9
22
23
24
25
26
27
92.9
30.6
48.2
44. 0
3.6
.6
61.6
17.8
29.4
28.3
.6
.5
50.4
21.5
18.2
18.0
-.4
.5
-4.5
14.6
-25.7
-23.6
-2.6
.5
91.6
28.7
49.6
45.8
3.3
.5
41. 1
19. 1
13.0
13.7
-1.2
.5
74.2
25.9
38. 1
36.2
1.4
.5
116. 1
35.4
66.4
62.3
3.6
.5
135.1
34.2
80.7
70.9
9.3
.5
114.9
46.0
64.9
60.4
4.0
.5
176.5
48. 1
116. 1
106.4
9.2
.5
28
29
30
31
32
33
34
14.2
12.6
.3
1.0
.3
.8
-1.0
14.5
12.3
.6
1.3
.3
.6
-.7
8.9
6.7
.1
1.8
.4
2.9
-1. 1
6.2
4.2
.4
1.3
.3
1. 1
-.7
12.3
9.6
1. 1
.8
.7
1.4
-.3
8.4
5.8
1.4
.7
.6
.5
-
8.9
6.9
.7
.5
.8
1.6
-.3
13.5
11.3
1. 1
.2
.8
1. 1
-.3
18.4
14.5
1.3
2.0
.6
2.1
-.4
3.6
1.6
.8
.8
.4
.1
.3
10. 1
6.5
.3
1.1
.2
1.7
•4
35
9.2
7.1
16.2
.8
-7.0
-13.3
-10.9
-5.3
25.9 (1) Heao: FHLB loans to s+1
1.3
5.5
associations (included in "other loans" category).
Private nonfinancial sectors
Hoaseholds
Bonprofit institutions
Nonfinancial business
faras
lonfara noncorporate
Corporate
U.S. Governaent
Sponsored credit ag.
Hortgage pools
(1)
Private finan. institutions
Coaaercial banking
Savings institutions
S+1 associations (1)
Butual savings banJts
Credit unions
Insurance
life insurance coapanies
Private pension funds
St.+loc. govt. rtr.funds
Other insurance cos.
Finance coapanies
Beits
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 Hortgages
1
2
3
4
120.0
121.2
-.6
-.6
96.7
98.3
-.8
-.8
76.0
78.7
-1.4
-1.4
52.5
51.6
.4
.4
108.7
103.2
2.8
2.8
67. 1
58.9
4. 1
4. 1
100.5
91.2
4.6
4.6
131.8
126.6
2.6
2.6
135.5
136.0
-.3
-.3
126.7
122.7
2.0
2.0
151.7 Net borrowing
Households
148.9
Nonfara noncorp, business
1.4
Nonfin. corporate business
1.4
1
2
3
4
5
6
7
120.0
16.2
4.7
96.7
20.9
7.9
76.0
20.7
5.8
52.5
17.3
2.9
108.7
-9.6
4. 1
67. 1
-18. 1
4.4
100.5
-6.6
5.1
131.8
-6.4
3.2
135.5
-7.2
3.6
126.7
-3.3
3.2
151.7 Net change in assets
Households
-.7
State and local governaents
3.6
5
6
7
8
9
10
11
2.3
9.2
21.8
20.0
2.7
7.6
18.7
10.9
2.4
5.0
14. 1
9.7
1.5
10.3
49.3
2.3
.7
9.4
65.2
8.5
.2
9.4
69.0
2.6
1.4
9.6
69.2
6.0
1.0
4.4
70.3
13.6
.4
14.0
52.5
11.9
1.3
18.6
41.8
18.6
-.4
7.4
31.9
22.4
U.S. Governaent
Spons. credit agencies
Hortgage pools
Coaaercial banking
8
9
10
11
12
13
14
15
42.7
39.3
2.8
.6
27.7
26.1
1. 1
.5
16.8
15.9
.4
.5
-31.8
-30.4
-1.8
.5
29.8
24. 1
5.2
.5
.2
-5.5
5.3
.5
16.1
10.0
5.5
.5
43.8
38.6
4.7
.5
59.2
53.2
5.5
.5
47.5
43.6
3.4
.5
85.3
77.8
6.9
.5
Savings institutions
Savings and loan assns.
Hutual savings banks
Credit unions
12
13
14
15
16
17
18
19
2.4
1.8
.3
.3
2.5
1.8
.4
.4
—.4
-.7
-. 1
.4
-.2
-.5
.2
. 1
-.9
-1.4
.5
«
-.7
-1.5
. 5
.2
-1.4
-1.5
.3
-.2
-1. 1
-1.6
.5
•
-.3
-.9
.6
♦
-1.1
-1.8
.7
*
.7
-9
-.2
.1
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
16
17
18
19
20
21
.9
-.2
-2.2
-.1
2.0
-. 1
1.0
-. 2
1.4
*
.2
-
1.2
-. 1
2.8
.3
1.5
-.1
.1
*
1.3
.1
Finance coapanies
Beits
20
21
BILLIONS
Or
DOLLABS.
11/84 BASED ON INCOHPLETE INFOBHATION,
SBPTEHBEB 5, 19 84
Hortgages - II
Hortgages - II
Mortgage Markets (Continued)
38
UNADJUSTED NET FLOWS ($ BILL)
UNADJUSTED NET FLOWS(J HILL)
1983
I
II
III
IV
|
|
1984
I
II
1974
EILLIONS CF DOLLABS
1975
1976
1977
1978
Hulti-Faaily Besidential Hortgages
-79
-240
174
2
-15
1,408
1, 153
285
2
-32
3,082
2,872
222
2
-14
3,902
3,770
150
2
-20
3,231
3,068
198
2
-3 7
5,055
5,049
27
3
-24
6.9
5.5
1.4
.1
1
*
-.3
.3
.1
-. 1
3.9
2.7
1.2
. 1
-. 1
7.0
5. 1
2-0
a
-. 1
9. 1
6.5
2.7
*
-. 1
1
2
3
4
5
6 Net change in assets
Households
7
State and local governaents
8
-79
-640
239
1,408
-885
235
3,082
726
300
3,902
661
300
3,231
160
200
5,055
335
250
6.9
-. 1
1.4
«
-.3
.7
3.9
.2
.3
7.0
.4
.3
9. 1
.5
.4
6
7
8
9
10
11
12
U.S. Governaent
Spons. credit agencies
Hortgage pools
Coaaercial banks
-322
-10
421
-191
38
38
188
646
-189
-96
338
548
126
-9
226
599
-485
53
245
1,654
60
453
535
859
.7
2.2
.2
.6
1.2
.2
.4
-1.7
.2
-. 1
.5
2.2
.3
.1
.9
1. 1
.9 9
* 10
1.5 11
1. 1 12
13
14
15
Savings institations
Savings and loan assns.
Hutual savings banks
246
1,347
-1,101
1,068
1,806
-738
2,028
2,301
-273
1,306
1,446
-140
1,496
1,539
-43
2,264
2,197
67
1.7
1.0
.7
2.6
1.7
.9
3.3
2.9
.4
4.9
4. 1
.8
4.4 13
3.6 14
.8 15
16
17
18
Life insurance coapanies
Private pension funds
st.+local govt. rtr. funds
8
11
134
-86
15
126
79
50
73
332
50
261
-36
-73
34
159
10
50
1.2
a
.1
•
♦
.2
-.5
♦
a
-.4
♦
-.2
.2 16
-. 1 17
.6 18
19
20
Finance coapanies
Beits
25
50
-25
-655
-120
75
-25
-34
17
50
30
-1.3
.2
-.8
-2.6
-.5
-1.7
•3
-.8
. 1 19
-.5 20
1
2
3
4
5
Net borrowing
Nonfara noncorp. business
Nonfin. corporate business
Beits
U.S. Governaent
Coaaercial Bortgages
1 Net borrowing
Households
2
Nonfara noncorp. business
3
4
Nonfin. corporate business
Beits
5
8,308
631
7,879
-206
4
11,685
614
11,249
-182
4
13,167
634
12,683
-154
4
14,195
610
13.707
-127
5
9,426
622
8,898
-99
5
14,390
610
13,846
-71
5
15.3
1.1
14.2
-.2
.1
11.2
1.0
12.0
-2. 1
.3
11.9
.8
10.8
.3
18. 1
1. 1
17.1
-. 1
a
21.7
1.3
19.3
1. 1
.1
6 Net change in assets
Households
7
State and local governaents
8
O.S. Governaent
9
Coaaercial banking
10
8,308
-841
152
64
4,082
11,685
265
-54
99
4,136
13,167
310
250
104
5,255
14,195
1,445
200
105
4,151
9,426
564
150
15
4,711
14,390
821
200
70
5,390
15.3
-.9
.3
1.4
5.0
11.2
-.3
•
.5
3. 1
11.9
.7
a
.4
3.4
18. 1
.9
.6
6.3
21.7 6
1.2 7
* 8
.6 9
9.2 10
♦
1
2
3
4
5
11
12
13
Savings institutions
Savings and loan assns.
Hutual savings banks
2,643
3,165
-522
4,832
5,201
-369
3,937
3,971
-34
3,680
2,482
1,198
2,575
2,372
203
5,925
5,533
392
3.4
2.6
.8
5.3
4.6
.7
5.6
4.6
.9
4.9
4.2
.7
3.5 11
2.7 12
.8 13
14
15
16
17
Life insurance coapanies
Private pension funds
St.vlocal govt. rtr. funds
Other insurance coapanies
1,809
212
-12
149
2,060
75
42
205
2,793
100
-4
206
4,070
125
243
151
991
82
161
103
1,504
120
200
60
4.8
«
.5
*
3.9
.1
.3
.1
3.7
.1
.2
.1
5.5
.1
.4
.1
7.8
-1
.1
*
18
19
Finance coapanies
Beits
50
50
-25
251
-35
75
-50
24
50
50
50
.6
.2
•
-1.8
-.3
-1.8
.6
-1.3
14
15
16
17
-.3 18
-.5 19
Fara Hortgages
1 Net borrowing
226
1,029
1,044
555
492
918
5.0
4.6
5.7
7.1
7.2
1
2 Net change in assets
Households
3
4
State and local governaents
226
33
-13
1,029
197
-13
1,044
319
100
555
120
100
49 2
206
50
918
185
50
5.0
1.4
a
4.6
1.4
a
5.7
1.7
.1
7. 1
1.4
a
7.2
.9
.1
2
3
4
5
6
7
5
6
7
O.S. Governaent
Sponsored credit agencies
Hortgage pools
-4
203
79
240
343
-94
70
233
-19
141
-9
1
87
-30
-2
169
156
-38
.2
2.5
a
.7
2.6
-.6
.6
2.5
-.2
.8
2.9
-.5
.8
3.2
-.3
8
9
10
11
Coaaercial banks
Hutual saviags banks
Life insurance coapanies
st.vlocal govt. rtr. funds
88
-148
-12
378
-1
-16
-5
257
85
-1
211
1
-10
-
352
1
-172
-
318
76
2
.6
a
.3
-. 1
.3
a
.4
-.2
.4
a
.7
a
1.0
a
1.4
a
.7 8
a 9
1.7 10
a 11
11/84 BASED ON PBELIHINABI AND INCOHPLETE INFOBHATION
SEPTEHBEB 5, 1984
Mortgages - II
Mortgages - II
Mortgage Markets (Continued)
39
SEASONALLY ADJUS1EB ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1983
|
1979
1980
1981
1982
1983
I
I
II
|
IV
III
J
1984
I
II
Multi-Family Besidential Hortgages
1
2
3
4
5
7.7
5.4
2.4
*
-.1
8.7
5.8
3.0
*
1
4.0
3.5
.8
-.2
-. 1
5.4
6.1
-.6
*
-. 1
8.3
7.6
.8
♦
-. 1
-.5
-1. 1
.7
*
-. 1
6.0
4.9
1.1
♦
-.1
12.3
11.4
.9
♦
-. 1
15.5
15.0
.6
*
-. 1
12.7
12. 1
.8
♦
-. 1
20.6 Net borrowing
Nonfara noncorp. bnsiness
20.6
Nonfin. corporate business
.1
•
Beits
U.S.
Governaent
-. 1
1
2
3
4
5
6
7
8
7.7
.5
1.2
8.7
.5
1.5
4.0
*
1.2
5.4
.8
1.3
8.3
-. 1
1.1
-.5
-2.6
1.0
6.0
-3.5
.9
12.3
2.9
1.2
15.5
2.6
1.2
12.7
.6
.8
20.6 Net change in assets
Bovseholds
1.3
State and local governaents
1.0
6
7
8
9
10
11
12
1.1
.2
1.2
.9
1.9
.2
-7
1.7
1.0
1
1. 1
2.2
-.3
-.1
•4
1.2
-.3
-.1
1.2
1.6
-1.3
♦
1.7
-.8
.2
.2
.8
2.6
-.8
-.4
1.4
2.2
.5
♦
.9
2.4
-1.9
.2
1.0
6.6
.2
1.8
2.1
3.4
U.S. Governaent
Spons. credit agencies
Bortgage pools
Coaaercial hanks
9
10
11
12
13
14
15
2.1
1.5
.6
.1
.6
-.6
-.5
-.3
-.2
1.3
2.0
-.7
4.6
6.9
-2.3
1.0
5.4
-4.4
4.3
7.2
-3.0
8.1
9.2
-1.1
5.2
5.8
-.6
6.0
6.2
-.2
9. 1
8.8
.3
Savings institutions
Savings and loan assns.
Mutual savings banks
13
14
15
16
17
18
.3
•
.6
.2
*
.5
-.2
-.1
.9
-.4
*
.6
.3
.1
.6
-. 1
*
.5
♦
.1
.5
.3
.2
.3
1.2
.2
1.0
—.4
-.3
.1
1.0
.1
.2
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
16
17
18
19
20
-.1
-.2
1.7
-.3
-1.1
-.3
.8
-.2
-.5
-.2
.1
-
.2
-.1
-2.6
-.5
.3
-.1
-.1
.1
.2
.1
Finance coapaaies
Beits
19
20
Coaaercial Hortgages
1
2
3
4
5
24.0
1.5
22.8
-.4
*
20.1
1.9
18.4
-.2
-. 1
24.2
2.3
23.6
-1.3
-.3
23.7
2.6
22.0
-1. 1
. 1
47.4
2.5
45.5
-.7
•
35.3
2.5
33.6
-.8
•
45.4
2.5
43.7
-.7
♦
50.4
2.5
48.5
-.6
*
58.3
2.4
56.4
-.5
♦
39.4
2.5
37.3
-.4
*
56.0 Net borroving
2.4
Bouseholds
Nonfarn noncorp. business
53.8
Nonfin. corporate business
-.3
♦
Beits
6
7
8
9
10
24.0
1.1
.2
.8
9.7
20.1
.8
.3
1.2
5.1
24.2
1.0
.5
1.0
9.9
23.7
1.0
.8
.7
11.0
47.4
1.2
.5
.4
17.6
35.3
-3.4
.6
.3
16.8
45.4
1.1
-.2
.4
16.3
50.4
1.2
1.0
.4
18.7
58.3
5.8
.8
.4
18.7
39.4
2.3
.6
.1
19.2
56.0 Net change in assets
3.3
Households
.8
State and local governnents
.3
U.S. Governaent
21.5
Coaaercial baaking
11
12
13
3.4
3.1
.2
1.6
1.6
*
2.0
2.5
-.6
4.7
4.8
-. 1
15. 1
14.8
.3
11.8
13.8
-2.1
17.7
18.9
-1.2
14.5
14.5
16.3
12.0
4.3
11.5
10.6
.8
21.8
19.8
1.9
14
15
16
17
8.9
*
.2
.3
9.5
.2
.3
.3
7.5
.2
.4
.4
5.4
.1
.6
.3
10.7
.5
.3
.7
7.6
.8
12.5
•4
.6
8.8
.3
.2
.8
.8
14.1
.5
1.0
.6
4.1
.3
.6
.4
6.5
.5
.8
.2
18
19
♦
1.0
-.4
2.0
-.6
-.7
-.3
.4
-.1
.2
-
.2
-.1
1.0
-. 1
.3
-.2
.1
.2
.2
.2
-.5
♦
1
2
3
4
5
6
7
8
9
10
Savings institutions
Savings and loan assns.
Hutual savings banks
11
12
13
Life insurance conpanies
Private pension funds
St.+local govt. rtr. funds
Other insurance coapanies
14
15
16
17
Finance coapanies
Beits
18
19
Fara Mortgages
1
11.8
9.3
9.7
5.0
2.9
.5
2.7
4.2
4.0
1.8
2.5 Net borroving
1
2
3
4
11.8
2.4
.2
9.3
.3
.3
9.7
1.6
.1
5.0
1.3
*
2.9
.7
.2
.5
-.8
-. 1
2.7
1.2
-.1
4.2
1.3
.4
4.0
1.0
.4
1.8
-.1
.2
2.5 Net change in assets
1.4
Households
State and local governaents
.2
2
3
4
5
6
7
2.3
5.0
.1
1.8
6.3
-.2
.6
7.6
-. 1
.5
3.6
-.2
.4
.8
.1
.7
.3
.6
.6
-.4
.3
1. 1
-. 1
.8
.6
V
.5
-.1
*
.3
-. 1
-.2
8
9
10
11
.1
V
1.7
*
.1
-.3
.1
«
*
«
-.3
•
.9
-.1
•
.5
-.3
«
1.1
*
-.3
«
.9
.2
♦
1.2
♦
*
1.5
♦
-.3
-
.8
.1
*
.8
*
BILLIONS OF DOLLABS.
11/84 BASED ON INCOMPLETE INFOBHATION.
U.S. Governaent
Sponsored credit agencies
Hortgage pools
Coaaercial banks
Hutual savings banks
Life insurance conpanies
St.+local govt. rtr. funds
5
6
7
8
9
10
11
SEPTEBBEB 5, 1984
Consumer credit and Bank Loans N.E.C.
Consaaer Credit and Bank Loans N.E.C.
Consuner Credit and Bank Loans Mot Elsewhere Classified
40
UNADJUSTED NET FLOWS (I BILL)
UNADJUSTED NET FLOWS (J HILL)
1983
II
1984
|
III
xv
I
1
11
BILLIONS OF DCLLABS
1975
1976
1977
1974
1978
Consumer Credit
1 Net change in liabilities (BR)
Installment credit
2
3
Noninstallnent credit
-4,534
-4,113
-421
11,260
8,869
2,391
17,191
14,641
2,550
27,355
20,836
6,519
7,647
6,384
1,263
31,327
25,099
6,228
9.9
9.5
.4
9.6
7. 7
1.9
25.4
21.5
3.9
4C.2
37.0
3.2
48.8
43. 1
5.7
4 Net change in assets
5
Installment credit
6
Nonfara ncncorp. business
7
Nonfin. corporate business
Coaaercial banking
8
9
Sawings and loan assns.
10
Hutual savings banks
11
Credit unions
Finance
companies
12
-4,534
-4,113
-180
-1,415
-3,493
1,769
338
-172
-960
11,260
8,869
32
673
3,068
1,353
251
1,571
1,921
17,191
14,641
36
382
8,908
1,040
346
2,471
1,458
27,355
20,836
309
1,543
11,005
1,630
387
2,348
3,614
7,647
6,384
-167
•*1,136
5,647
1,456
993
2,421
-2,830
31,327
25,099
37
720
13,894
2,766
254
4,001
3,427
9.9
9.5
25.4
21.5
.3
4. 1
.7
.2
2.3
1.9
9.6
7.7
1
.3
2. 9
.5
.2
3.8
.2
.7
10.8
1.0
.2
5.5
3.4
40.2
37.0
-.1
2.6
18.6
1.3
.3
6.4
7.8
48.8 4
43. 1 5
• 6
.6 7
23.6 8
* 9
.5 10
6.7 11
11.6 12
Noniastallment credit
Nonfarn noncorp, business
Nonfin. corporate business
Coaaercial banking
Savings aad loan assns.
Hutual savings hanks
-421
535
-812
-492
263
85
2,391
656
370
900
385
80
2,550
6,519
1,637
2,1*7
1,985
610
140
1,263
601
-278
440
350
150
6,228
1,572
1,316
2,335
980
25
.4
-7
.3
-.8
.2
1.9
.9
.4
.2
.4
V
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
13
1*
15
16
17
18
6*5
495
850
405
155
♦
♦
1
2
3
Bank Loans lot Elsewhere Classified
Total loaas at commercial
1
banks, flow of funds basis
2
3
4
5
6
7
8
9
Loans elsewhere classified:
Bortgages
Consaaer credit
Security credit
Open-narket Faper
Banking sector total bank
loans n.e.c.
U.S.-chartered banks
Donestic affiliates
Foreign banking offices
10 » Loans by F.B. hanks
11 * Total bank loans n.e.c.
12 Net change in liabilities
Nonfinancial sectors
13
14
Households
15
Fara business
Nonfarn noncorp, business
16
17
Corporate business
-3,794
18,7*1
21,446
48,098
23,137
53,041
57.7
-2-1
43.8
82.0
115.9
1
3,168
-3,985
-3,20*
-490
717
6,846
3,968
3,307
-1,419
6,039
10,082
9,758
-2,225
332
3,499
8,579
12,990
4,568
198
21,763
9,863
6,087
-659
-685
8,531
12,369
16,229
-69
1,996
22,516
12.8
3.4
-2.2
2-2
41.5
3.8
3-1
2. 1
1. 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
2
3
4
5
6
751
43
-77
6,342
-235
-2,068
2,098
-105
1,506
21,976
63
-276
7,937
35
559
22,681
214
-379
34.3
.9
6.3
-12.8
-.5
1.2
3.2
-.3
3.5
24.6
.6
4.7
41.6
-1.0
18. 1
7
8
9
717
6,039
3,499
21,763
8,531
22,516
41-5
-12- 1
6.4
29.9
- 10
58.8 11
717
1.963
-1,004
310
783
-2,526
6.039
6,946
3,578
2,071
512
-648
3,499
3,722
92
586
-45
3,648
21,763
19,551
1,279
-175
410
18,425
8,531
14,700
-3,543
557
622
17,676
22,516
19,570
876
516
1,185
18,464
41-5
36-9
1.6
1. 1
-1.0
31. 1
-12. 1
-8.4
-1.2
2.0
-2.0
-9. 1
6.4
10.1
•
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
12
13
14
15
16
17
18
19
20
21
Foreign
Official institutions
Banks
Other
4,400
1,255
781
2,364
1,433
851
54
528
-559
-266
-530
237
-388
1,200
-1,209
-379
-612
149
-1,189
428
-1,471
-518
468
-1.421
4-0
.3
3. 1
.6
2.0
.3
1. 1
.7
5.6
.9
4.2
.5
3. 1
.1
2.7
.3
19. 1
2. 1
9.5
7.4
18
19
20
21
22
23
2*
25
Financial sectors
Savings and loan assas.
Finance conpanies
Beits
-1,246
1,003
-2,304
55
-907
492
-1,448
49
-223
2,308
-2,581
50
2,212
515
1,628
69
-6,169
-1,086
-5,113
30
2,946
2,247
651
48
4-6
-.4
.7
4-4
-3.7
-.3
-2.8
-.6
-3.7
.2
-2. 1
-1.9
-.3
1.4
.7
-2.4
2.3
.3
3.4
-1.4
22
23
24
25
11/84 BASED OB PBELIHINABI AND INCOBPLETE INFOBHATION
SEPTEHBES 5, 1984
Consuaer Credit and Bank Loans N.E.C.
Consuaer Credit and Bank Loans N.E.C.
41
Consuner Credit and Bank Loans Not Elsewhere Classified
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
a
|
1983
|
x
II
III
iv
a
1984
I
II
Consuaer Credit
1
2
3
1
2
3
45.4
38.4
7.1
6.3
2.9
3.4
26.7
20.8
5.9
21.0
15.8
5.2
51.3
40.2
11.0
26. 5
22.6
3.9
45.3
33.3
12.1
48.7
42.0
6.7
84.6
63.1
21.4
78.5
67.8
10.7
130. 1 Net change in liabilities (BB)
Installnent credit
101.5
Noninstallaent credit
28.5
4
5
6
7
8
9
10
11
12
45.4
38.4
*
.5
18.2
1.3
a
2.2
16.2
6.3
2.9
1
*
-7.2
1.5
1.3
-2.5
9.9
26.7
20.8
.2
.9
.6
2.5
.1
1.9
14.6
21.0
15.8
.1
. 1
4.9
3.4
.7
1.3
5.3
51.3
40.2
.2
1.2
19.5
5.8
1.3
6.2
6.0
26.5
22.6
. 1
1.9
3.6
6.6
1.4
.9
8.3
45.3
33.3
.2
2.4
11.4
5.9
1.0
6.3
6.1
48.7
42.0
.2
-1.6
24.9
4.4
1.4
7.3
5.4
84.6
63.1
.4
2.1
38.1
6.3
1.5
10.4
4.3
78.5
67.8
.1
4.2
41.5
5.1
4.0
11.4
1.4
4
130. 1 Net change in assets
5
Installaeat credit
101.5
6
Noafara noacorp. business
.2
Nonfin. corporate business 7
2.4
8
55.6
Coaaercial banking
9
11.6
Savings and loan assns.
10
Butual savings banks
1.0
17.4
11
Credit uaioas
12
13.4
Finance coapanies
13
14
15
16
17
18
7.1
1.8
1.1
1.7
2.4
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
3.9
3.4
-1.0
.1
1. 1
.3
12.1
5.2
2.2
2.8
1.5
.3
6.7
.1
1.6
2.8
1.6
.6
21.4
5.2
6.0
7.2
2.4
.6
10.7
3.4
1.5
3.8
1.4
.6
28.5
10.0
6.0
6.5
3.9
•1
153.9
164.4
189.4
♦
Noninstallaent credit
Nonfara noncorp, business
Nonfin. corporate business
Coaaercial banking
Savings and loan assns.
Hutual savings banks
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
1
104.8
61.5
90.8
72.9
84.5
56. 1
52.1
75.9
Total loans at coaaercial
banks, flow of funds basis
- Loans elsewhere classified:
Hortgages
Consuaer credit
Securitj credit
Open-aarket paper
= Eanking sector total bank
loans n.e.c.
O.S.-chartered banks
Doaestic affiliates
foreign banking offices
1
2
3
4
5
6
30.6
19.9
-.9
2.2
52.9
17.8
-6.2
.8
1.8
47.3
21.5
4.0
5.3
.8
59.3
14.6
6.7
*
.3
51.2
28.7
22.7
2.4
-1.4
32.0
19. 1
3.7
3.7
-3.2
32.8
25.9
14.3
6.4
-5.9
11.4
35.4
27.7
-4.8
.3
17.3
34.2
45.3
4.5
3.3
66.5
46.0
45.3
15.2
-5.4
63.3
48.1
64. 1
-7.6
9.3
75.5
7
8
9
39.9
-.1
13.2
31.9
-.1
15.5
53.4
.1
5.8
51.0
.1
•2
33.2
-.2
-.9
31.7
.2
1.0
12.4
-.9
*
21.4
— .4
-3.7
67.2
.3
-1.0
59.5
.1
3.7
67.6
.9
7.0
10
11
52.9
47.3
59.3
51.2
32.0
32.8
11.4
17.3
66.5
63.3
♦ Loans toj f.B. banks
75.5 = Total bank loans n.e.c.
10
11
12
13
14
15
16
17
52.9
53.4
1.9
2.8
.6
45.9
47.3
48.2
3.6
.5
3.4
29.1
59.3
58.4
4.3
1.4
6.2
42.9
51.2
49.4
3.5
3.2
7.3
41.5
32.0
32.2
3.9
2.8
1.7
18.9
32.8
34.8
7.9
3. 1
2.0
4. 1
11.4
14.5
6.0
2.6
.1
.8
17.3
14.6
1.6
1.8
2.0
12.6
66.5
64.8
.3
3.6
2.6
58.0
63.3
86.0
-1.2
3.9
1.5
86.0
75.5 Net change in liabilities
61.5
Nonfinancial sectors
-6.1
Households
-3.9
fara business
2.4
Nonfara noacorp. business
76.6
Corporate business
12
13
14
15
16
17
18
19
20
21
2.3
2.1
-4.1
4.2
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
17.7
5.0
5.1
7.6
4.9
3.4
-1.3
2.8
-3.4
-1. 1
-2.9
•6
.3
4.8
-4.6
.1
-4.2
.6
-4.3
-.5
-7.5
-2.1
•4
-5.8
foreign
Cfficial institutions
Eanks
ether
18
19
20
21
22
23
24
25
-.5
2.0
-1.1
-1.4
-.9
-.1
.9
-1.7
.9
-.2
-.3
1.5
1.9
1.5
.3
.1
-.2
4.3
-4.7
.2
-2.0
2.3
-4.5
.2
-3.1
1.9
-5.2
.2
2.7
7. 1
-4.6
.2
1.7
5.9
-4.5
.3
-22.7
-6.8
-16.0
.1
14.0
8.9
4.9
.2
Financial sectors
Savings and loan assns.
finance coapanies
Beits
22
23
24
25
BILLIONS OP DOLLABS.
11/84 BASED ON INCOHPLETE INFOBHATION.
2
3
4
5
6
7
8
9
SBPTBHBBB 5, 1984
Other Loaas
Other Loans
42
Open-* Harket Paper and Other Loans
OIADJOSTBD HET PLOWS($ BILL)
OHADJOSIPD IBT HOBS (S BILL)
1983
I
II
III
If
|
1
1984
I
II
1974
BILLIOIS OP DCLLABS
19/5
1976
1977
1978
-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
1
2
3
4
2.2
-.8
3.3
-.3
9.6
1.3
8.4
a
14.6
6.7
7.8
.1
5
6
7
8
Open-Harket Paper
1 Total net issues, all types
2
Connercial paper
3
Nonfinancial corporations
4
Poreign issues in O.S.
5
6
7
8
financial business
Coaaercial tanking
Finance coapanies
Beits
9
10
11
12
13
Bankers acceptances
Bonfinancial business
loncorporate
Corporate
Poreign
-4,496
4,204
2,546
1,733
5,172
5,108
-1,614
1,770
7,145
4,483
1,127
829
9,963
5,223
-2,512
2,154
11,684
16,772
4,106
2,376
29,515
20,669
10,629
6,164
17.7
-75
431
-489
-17
4,952
631
4,338
-17
2,527
1,547
997
-17
5,581
848
4,750
-17
10,290
3,377
6,930
-17
3,876
4,520
-628
-16
3.8
3.5
3.6
-3.3
1.1
.3
-8,700
-2,772
-1,386
-1,386
-5,928
64
-77
-39
-38
141
2,662
1,223
612
611
1,439
4,740
912
456
456
3,828
-5,088
-203
-102
-101
-4,885
8,846
2,474
1,237
1,237
6,372
9.6
2.5
1.3
1.3
7.1
•2
.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
9
10
11
12
13
7,145
5,172
908 -11,136
974
6,942
583
1,751
9,963
5,321
992
5,314
11,684
-525
-1,895
1,272
29,515
5,125
4,644
1,331
17.7
.6
4.1
6.6
-1.2
-6.0
3.1
-2.6
8. 1
-4.8
5.0
2.7
15.0
3.9
-. 1
4.4
26.4
8. 1
.2
7.9
14
15
16
17
•1
.2
a
.3
-.3
a
-1.2
-.4
-1.3
.4
.2
18
19
20
21
22
8.1
4.1
.2
.6
.1
.3
14 let purchases, bp sector
15
Households
16
Nonfin. corporate business
17
Poreign
-4,496
-1,873
1,762
-2,295
18
19
20
21
22
Sponsored credit agencies
Honetary authority
Coaaercial banking
Savings * loan associations
Hutual savings tanks
254
-1,480
-490
521
22
-354
203
-1,419
398
-292
216
919
332
1,383
-21
263
-704
198
1,406
1,246
-129
-418
-685
-1,076
78
-35
1,996
1,639
1,326
.9
.9
2.2
-.2
.1
1.1
•1
a
-.1
3.7
-.1
.4
23
24
25
26
Life insurance coapanies
Private pension funds
Hutual funds
Honey aarket funds
3,002
2,343
1,018
-7,280
385
-1,065
358
4,493
1,600
2,847
-153
2,465
-1,560
337
-221
-2,629
3,147
3,741
1,625
6,549
1,409
3,542
1,359
7,179
1.1
1.2
-.4
•6
.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
23
24
25
26
11.5
a
11.5
1
2
3
.1
.9
Other Loans
1 Pinance co. loans to business
2 Liab.: Noncorporate business
3
Bonfin. corp, business
1,528
238
1,290
3, 152
516
2,636
2,214
180
2,034
9,969
2,179
7,790
7,030
357
6,673
3,680
502
3,178
4.8
-1.0
5.8
3.7
-. 1
3.8
8.6
.2
8.4
13.5
a
13.5
4 O.S. Governaent loans
5 Liab.: Bouseholds
6
Para business
7
Nonfara noncorp. bus.
8
Nonfin. corp, business
9
St.+local governaents
10
Poreign
11
Spons. credit agencies
2,040
140
-255
855
-44
242
1,102
-
2,907
122
578
694
343
317
853
2,208
316
-111
719
-273
353
1,204
1,332
184
-169
481
-477
197
1,116
2,511
200
-100
400
200
50
1,761
-
2,391
150
400
400
150
100
1,191
5.6
.5
.1
.5
1.5
.7
1.6
.7
6.9
•5
.8
1.5
•2
.2
2.8
7.5
.5
.1
1.8
.2
2.0
3.3
-.4
5.8
.5
1.3
1.9
12 Sponsored credit agency loans
13 Liab.: Bouseholds (SLHA)
14
Fara business (PICB)
15
Noncorp, business (BC)
16
S*1 assns. (FHLB)
-6,068
-22
-990
929
-5,985
-510
555
870
-712
-1,223
-285
654
-20
12
-931
771
266
-1,209
623
1,091
-719
190
-541
977
-1,345
8,939
856
798
-966
8,251
9.3
1.7
1.0
6.7
-2.4
1.1
.4
-4.0
.3
—
1.3
1.0
-2.0
6.5
.1
1.4
.6
4.3
454
-12
466
280
-4
284
147
-2
149
205
2
203
197
6
191
185
9
176
2.7
a
2.7
1.6
a
1.6
1.4
a
1.4
1.7
a
1.7
17 Policy loans (BH liability)
18 Asset: 0.S. Governaent
19
Life insurance cos.
11/84 BASED Ol PBELIHIIABI AID IICOHPLETB IIPOBHATIOI
-9
a
.2
3.0
-1.1
12.8 4
.8 5
3.5 6
4. 1 7
1.7 8
-1.6 9
3.9 10
.4 11
15.0
.4
1.5
.7
12.5
12
13
14
15
16
2.6 17
a 18
2.6 19
SEPTEBBEB 5, 1984
Other Loans
Other Loans
Open-Harket Paper and Other Loans
43
SBASOIALLI ADJUSTED AHHOAL BATES
1979
1980
1981
1982
SEASOHALLI ADJUSTED AHHOAL BATES
1983
|
1
1
1
1983
I
II
III
17
1984
I
II
Open-Harket Paper
1
2
3
4
40.3
28.7
9.0
1.7
20.6
11.2
4.0
2.4
54.0
39.5
14.7
3.9
5.4
-4.9
-5.6
1.9
17.8
19.0
-.5
6.5
-21.3
7.5
-5.6
6.9
5.3
3.4
-11.8
7.1
31.3
19.9
1.5
3.3
55.8
45.2
14.1
8.6
43.3
56. 1
-1.6
9.5
102.3 Total net issues, all types
64.8
Coaaercial paper
37.6
Bonfinancial corporations
24.7
Foreign issues in U.S.
1
2
3
4
5
6
7
8
18.0
4.5
13.3
.1
4.8
5.6
-.5
-.2
20.9
7.0
13.9
*
-1.2
1.4
-2.5
-. 1
13.0
3.5
9.6
-.1
6.2
1.7
4.5
-. 1
8.2
2.5
5.7
-.1
15.0
6.2
8.9
-. 1
22.5
3.4
19.2
-.1
48.2
13.5
34.7
-. 1
2.5
18.1
-15.5
-. 1
Financial business
Coaaercial banking
Finance coapanies
Beits
5
6
7
8
9
10
11
12
13
11.6
2.1
1.0
1.0
9.5
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
-28.8
-5. 1
-2.6
-2.6
-23.7
1.8
1-3
.6
.6
.6
11.4
5.7
2.8
2.8
5.8
10.6
-4.7
-2.4
-2.4
15.3
-12.8
6.7
3.4
3.4
-19.5
37.5
12.0
6.0
6.0
25.5
Bankers acceptances
Bonfinancial business
noncorporate
Corporate
Foreign
9
10
11
12
13
14
15
16
17
40.3
6.6
1.9
6.9
20.6
-.8
-2.3
4.4
54.0
-7.3
10.0
.8
5.4
-8.0
7.9
-.5
17.8
-6.8
10.7
5.4
-21.3
-18.3
12.8
-3.7
5.3
-17.6
6.9
2.0
31.3
-18.4
14.5
4.6
55.8
27.3
8.4
18.4
43.3
-13.7
-.4
11.0
18
19
20
21
22
.1
.1
2.2
.7
1.1
•
-1
1.8
1.5
.3
.3
-.6
.8
1.2
1.3
-.3
1.3
.3
2.7
1.2
.4
-1.1
-1.4
3.7
1.0
1.0
-3.8
-3.2
1.6
-.5
-1.4
1.3
-5.9
2.2
-.4
.9
1.4
.3
5.3
.2
1. 1
-3.2
3.3
5.7
4.5
-.5
.7
-5.4
-4.5
-.5
-.1
.8
9.3
7.2
6.3
23
24
25
26
1.6
3.5
-.2
15.6
2.2
-. 1
1.2
12.3
7.4
1.3
-. 1
38.8
4.2
-1.5
-.6
-1.3
3.4
4.5
1.0
-3.0
8.5
9.4
4. 1
-29.1
2.9
-4.3
1.4
18.0
1.8
11.4
-.6
9.9
.4
1.3
-.9
-10.5
9.0
15.0
6.5
26.2
7.5
14.2
5.4
28.7
12.3 Finance co. loans to business
.7 Liab.: Noncorporate business
11.6
Bonfin. corp, business
102.3 Het purchases, by sector
-3.4
Bouseholds
21.3
Bonfin. corporate business
Foreign
5. 1
14
15
16
17
Sponsored credit agencies
Honetary authority
Coaaercial banking
Savings ♦ loan associations
Butual savings banks
18
19
20
21
22
Life insurance coapanies
Private pension funds
Hutual funds
Honey aarket funds
23
24
25
26
Other Loans
1
2
3
10.1
*
10.2
3.4
.4
3.1
9.5
.8
8.7
-1.4
-.9
-.5
16.9
3.1
13.8
7.5
1.6
5.9
10.3
.8
9.5
17.9
4. 1
13.8
31.7
5.9
25.8
29.7
2.0
27.7
4
5
6
7
8
9
10
11
12.4
1.1
3.4
3.0
1.2
.2
2.9
.6
16.1
1.0
2.6
4.2
1.5
.9
4.7
1.2
19.1
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
-
7.9
.6
-1.3
3.4
-.2
1.0
4.4
8.5
.5
-.8
2.8
1.4
1.3
3.4
-
9.2
1.3
-. 1
2.9
-1. 1
1.4
4.8
8.4
.7
2.4
1.9
-1.9
.8
4.5
•
9.8
.8
-.6
1.6
.8
.2
7.0
6.5 U.S. Governaent loans
4
.6 Liab.: Households
5
-1.5
6
Fara business
7
1.6
Honfara noncorp. bus.
.6
Bonfin. corp, business 8
.4
St.+local governnents
9
4.8
Foreign
10
Spons. credit agencies 11
12
13
14
15
16
15.2
.6
3.3
2.1
9.2
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
-15.0
-.1
-2.9
1.3
-13.3
-10.8
2.2
-2.3
.2
-10.9
-2.7
2.6
-1.2
1. 1
-5.3
4.2
1.1
1.1
.7
1.3
6.8
•8
-.7
1.2
5.5
25.8 Sponsored credit agency loans 12
3.4 Liab.: Bouseholds (SLHA)
13
-3. 1
14
Fara business (FICE)
-.5
Noncorp. business (BC) 15
16
25.9
S+l assns. (FBLB)
17
18
19
4.7
*
4.7
6.7
.1
6.6
7.4
.1
7.3
4.2
•
4.3
1.1
1.8
•
1.9
1. 1
.6
•
.6
.8
.8
1.1
.8
•8
BILLIOHS OP DOLLABS.
♦
1. 1
11/84 BASED OB IBCOHPLETB IHFOBHATIOH.
♦
«
♦
.7 Policy loans (BH liability)
* Asset: U.S. Governaent
.7
Life insurance cos.
1
2
3
17
18
19
SBPTEHBEB 5, 1984
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
44
UNADJUSTED NET PLOWS(I HILL)
UNADJUSTED VET FLOWS ($ HILL)
1983
I
II
III
IV
|
I
1984
II
I
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
Security Credit
-173
2,252
11,348
7,476
510
2,751
-
12,215
6,731
-819
-350
-
3,323
1,720
-
-4.8
-1.8
*
3-7
.7
. 1
12.7
4.8
2.2
1.3
-
1.2
1.2
-
1
2
3
-2,425
-2,806
-420
801
3,872
3,068
-192
996
-2,241
-3,071
499
331
5,484
3,731
592
1,161
-469
-820
25
326
1,603
232
-169
1,540
-2.9
-1.8
-.1
-1.0
2.9
2.3
-. 1
.6
7.9
6.0
.4
1.5
.9
1.4
-5
-1.0
*
-2.5
.1
2.5
4
5
6
7
-173
801
-3,204
11,348
996
3,307
510
331
-2,225
12,215
1,161
4,568
-819
326
-659
3,323
1,540
-69
-4.8
-1.0
-2.2
3.7
.6
2. 1
12.7
1.5
6.6
2-2
-1.0
2.2
1.2 8
2.5 9
-2.9 10
2,230
-
7,045
-
2,404
-
6,486
-
-486
-
1,852
-
-1.6
1-0
. 1
4.6
-
1.0
-
1.6 11
12
-
1 Net change in liabilities
2
Households
3
Fara basiness
4
Nonfara noncorp. basiness
(Payables less receivables)
-3,521
3,034
161
-244
18,834
2,923
91
82
20,632
-2,103
236
323
21,766
—2,090
270
521
13,741
411
348
638
19,983
398
418
917
35.2
1.0
.2
1.3
12.4
1.1
.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
1
2
3
4
5
6
7
8
-6,083
192
80
-661
14,732
170
-213
1,049
20,588
187
219
1,182
21,804
243
156
862
11,355
238
150
601
17,851
238
376
-215
28.7
1.8
3. 1
-.8
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
5
6
7
8
10,147
9,657
-3,708
3,687
511
20,190
15,486
589
3,614
501
26,299
26,268
1,722
-2,188
497
5,218
6,172
-89
-1,353
488
28,745
28,429
801
-985
500
19,531
18,103
383
545
500
35.7
32.3
1.8
1.0
.5
9.3
5.8
1.6
1.2
.6
23.8
18.7
3.4
.5
1.2
38.4
36. 1
1.7
-.8
1.3
63.2
56.0
3.0
2.7
1.5
9
10
11
12
13
-13,668
-1,356
-5,667
16,548 -15,004
452
-.4
3.0
-4.4
-10.2
1-2
1.1
. 1
.1
♦
•
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
•
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 and dealers
Foreign
Trade Credit
Nonfin. corporate business
State and local governaents
Foreign
U.S. Governaent
9 Net change in assets
10
Nonfin. corporate business
11
Foreign
12
U.S. Governaent
13
Other insurance coapanies
14 Discrepancy
-4.2 14
Profit Taxes Payable
1 Net change in taxes payable
2
Nonfin. corporate business
3
Coaaercial banks
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
10
State and local governaents
11
U.S. Governaent
12 Discrepancy
1
2
3
4
5
6
7
8
1,104
1,084
-19
-11
-3
-1
-2
56
-3,414
-3,414
-14
-6
-5
-2
-1
28
4,890
4,916
-22
-17
-24
-8
-3
48
3,187
3,172
-14
-13
-26
-7
-2
77
4,519
4,540
-12
-25
-7
2
21
-5,381
-5,342
-3
-14
-36
-9
2
21
-.1
-2.7
-2.4
-.3
. 1
-. 1
*
♦
-1,062
-2,818
1,756
-3,591
-1,491
-2,100
6,187
3,146
3,041
4,123
3,089
1,034
2,498
-1,171
3,669
-5,494
-282
-5,212
.4
.7
-.2
-1.7
.6
-2.3
7.8
2.2
5.6
.4
1.8
-1.4
3.7 9
.8 10
2.8 11
2,166
177
-1,297
-936
2,021
113
.7
-1.0
.2
-1.0
1.5 12
-24.9
-7.8
-17.2
-25.0
-5.8
-19.2
Proprietors* Eguity in Noncorporate Eusiness
1 Total household investaent
2
Fara business
3
Nonfara noncorp. business
-9,012 -17,576 -19,755 -18,681 -9,221 -18,551
-3,536 -9,488 -7,195
-775
852 -3,856
«-5,476 -8,088 -12,560 -17,906 -10,073 -14,695
11/84 BASED ON PBELIHINABY AND INCOHPLETE INFOBHATION
-18.0
-5.7
-12.3
-15.3
-.8
-14.4
-24.6
-8.3
-16.4
1
2
3
SEPTEBBEB 5, 1984
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade credit, and Taxes Fayable
45
SEASONALLI ADJDSTID ABBOAL BATES
SEASONALLT ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
|
J
1983
I
II
III
J
J
IV
1984
I
II
Security Credit
6.0 Bet change in liabilities
Boaseholds
6.9
foreign
-
1
2
3
2.1
1.0
-
12.5
6.5
.9
-1.6
6.5
3.3
-
23.9
19.2
-
15.8
9.0
-
38.5
29.9
-
6. 1
11.0
-
35.1
26.9
-
14.5
-1.4
-
4
5
6
7
1.1
-.7
*
1.8
6.0
1.2
-.4
5.2
2.5
4.0
.6
-2. 1
3.2
.4
-.5
3.3
4.7
.9
.5
3.3
6.8
3.7
-. 1
3.2
8.6
5.7
-1.0
4.0
-4.9
-7.7
1.5
1.3
8.2
2.0
1.5
4.6
15.9
12.7
1.9
1.3
-.9
-6.2
-.8
6.2
8
9
10
2.1
1.8
-.9
12.5
5.2
.8
.9
-2. 1
5.3
6.5
3.3
•
23.9
3.3
2.4
15.8
3.2
3.7
38.5
4.0
6.4
6. 1
1.3
-4.8
35.1
4.6
4.5
14.5
1.3
15.2
6.0 Bet change in assets
Boaseholds
6.2
-7.6
Coaaercial banking
11
12
1.1
6.5
-2.3
3.2
18.2
8.9
28.2
9.6
25.9
-1.9
1
2
3
4
60.9
1.7
1.2
.1
47.2
2.3
1.0
-.9
30.7
2.7
1. 1
-1. 1
-7.8
2.4
-.6
-2.4
57.7
1.8
.8
.7
16.8
12. 1
.6
-1.0
76.7
11.7
.4
.3
66.7
-8.4
.9
1.3
70.7
-8.4
1.1
2.1
5
6
7
8
53.8
1.6
1.5
1.0
39.6
2.0
1.7
1.4
26.0
1.1
.2
.7
-7.2
.9
-2.7
1.7
51.0
.8
.2
2.4
6.6
.8
.3
-2.7
60.0
.7
-.9
4.5
66.9
.7
.9
4.3
9
10
11
12
13
74.0
69.4
.2
2.4
1.9
56.7
47.4
3.6
3.8
2.0
26.1
20.8
*
2.5
2.6
-4.9
-11.9
.1
4.8
2.1
61.9
57.6
-1.5
3.8
2.0
17.8
15.8
-14.8
14.7
2.0
82.3
63.5
2.4
14.5
2.0
14
-13.0
-9.5
4.6
-2.9
-4.1
-1.0
Brokers and dealers
Fron connercial banks
Froa foreign banking off.
Custoaer credit balances
1
2
3
4
5
6
7
8
9
10
Brokers and dealers
foreign
11
12
93.3
1.6
1.4
2.6
76.7 Net change in liabilities
Boaseholds
1.6
1.7
fara business
3.7
Nonfara noncorp, business
(Payables less receivables)
1
2
3
4
70.7
1.0
.6
3.6
83.7
1.0
.6
2.5
66.0
1.0
1.5
-.7
Nonfin. corporate business
State and local governaents
Foreign
D.S. Governaent
5
6
7
8
73.0
72.9
6.9
-8.8
2.0
74.3
78.1
-.4
-5.4
2.0
93.7
92.4
3.2
-3.9
2.0
75.6 Net change in assets
Nonfin. corporate business
69.9
1.5
Foreign
D.S. Governaent
2.2
ether insurance coapanies
2.0
-5.6
-6.3
-3.6
—.4
7.4
Trade Credit
1. 1 Discrepancy
9
10
11
12
13
14
Frofit Taxes Payable
1
2
3
4
5
6
7
8
1
2
3
4
5
6
7
8
2.8
2.5
.5
-.2
♦
*
-. 1
.1
-3.1
-1.7
-.5
-.3
—.4
-.2
-.2
.2
-8.4
-6.8
-.4
-.3
-.5
-.2
-.2
*
-14. 1
-14. 1
-.1
•
♦
•
♦
.2
5.8
5.8
-. 1
*
-. 1
*
♦
.2
-1.0
-1.0
-. 1
«
*
*
*
.2
19.8
19.8
-.1
*
•
♦
«
.2
3.8
3.9
-. 1
-.1
-. 1
♦
*
.2
.4
.4
♦
•
-.1
*
.2
13. 1
13.2
»
♦
-.1
•
♦
.1
10.8 Bet change in taxes payable
Nonfin. corporate business
11.0
«
Coaaercial banks
Savings ♦ loan associations
-. 1
Life insurance coapanies
-.2
*
ether insurance coapanies
♦
finance coapanies
Brokers
and dealers
.2
9
10
11
1.0
1.5
-.5
-3.8
1.1
-4.8
-9.0
1.0
-10.0
-14.0
-1.4
-12.6
5.7
1.9
3.7
-1.8
-1.2
-.6
20.4
1.9
18.6
3.5
3. 1
.4
.4
4.0
-3.5
12.7
5.9
6.8
11.3 Bet change in taxes receivable 9
6.8
State and local governnents 10
11
O.S. Governaent
4.5
12
1.8
.6
.7
-. 1
.1
.8
-.6
.3
*
.4
-79.9
-18.3
-61.6
-36.6
1.0
-37.6
-.5 Discrepancy
12
Proprietors' Eguity in Noncorporate ;Business
1
2
3
-25.1
-9.6
-15.5
-44.4
-16.4
-2 8.0
BILLIONS OF DOLLABS.
-26.8
-7.9
-18.9
-28.6
-12.5
-16. 1
-65.0
-21.0
-44.0
-35.2
-16.2
-19.0
11/84 BASED ON INCOBPLETE INFOBHATION.
-56.6
-22.0
-34.6
-88.4
-27.5
-60.8
-59.3 Total household investaent
Fara business
1.0
Nonfara noncorp, business
-60.3
1
2
3
SEPTEHBEB 5, 1984
Hiscellaneous I
Hiscellaneous l
Hiscellaaeoas Financial Clains
46
U1ADJUSTED MET FLOSS{$ BILL)
UBADJUSTED MET FLOSS(S BILL)
|
1983
I
1 Het change in liabilities
Households
2
Honfin. corporate business
3
II
III
IT
1
BILLIOHS OF DOLLABS
1984
I
II
1974
1975
1976
1977
1978
24,056
150
2,305
19,335
145
3,327
19,203
140
3,322
11,167
149
2,345
30,146
150
1,862
27,920
151
4,034
32.5
.7
4.8
37.4
.7
2.6
51.7
.6
4.3
45. 1
.9
3.7
71.8
1. 1
7.9
1
2
3
9,762
1,753
-1,599
-695
1,645
517
374
438
9,355
7,409
-1,363
1,192
10.2
*
15.6
-.7
16.3
.9
8.4
— .9
20. 1
-.3
4
5
4
5
Foreign
O.S. Governaent
6
7
8
9
Total finance
Sponsored credit agencies
Honetary authorities
Connercial banking
10,086
58
-815
2,489
18,157
92
91
6,191
13,579
95
460
1,198
7,861
-480
-214
-2,235
11,370
-764
14
2,933
23,906
3,254
-224
4,217
16.8
.4
-.3
7.7
19.3
1.7
-.4
2. 1
29.5
2.0
.1
3.4
33.0
1.4
*
6.7
43.0
4.6
.4
12.9
6
7
8
9
10
11
12
13
14
15
Savings ♦ loan assns.
Hutaal savings banks
Life insorance coapanies
Other insurance coapanies
Finance coapanies
Beits
1,350
-392
2,134
2,894
2,368
-
3,571
411
2,326
3,032
2,443
-
2,514
1,803
2,416
3,077
2,016
2,269
578
2,372
3,028
2,543
1,346
303
2,351
3,002
2,185
3,139
2,733
2,373
2,999
5,415
-.1
.3
2.6
4.9
.6
.8
.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
10
11
12
13
14
15
18,218
1,772
347
576
5,190
16,495
1,810
349
564
4,223
19,948
1,825
377
609
4,653
14,510
1,817
375
598
5,149
26,759
1,818
345
591
7,447
25,150
1,824
349
589
1,256
31.6
2.7
.8
1.0
13.3
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
59.7
6.6
2.0
3.0
18.5
16
17
18
19
20
16 Het change in assets
17
Households
18
Farn business
19
Nonfarn noncorp, business
20
Honfin. corporate business
21
22
Foreign
U.S. Governnent
4,837
129
377
396
4,907
25
161
189
5,737
329
1,027
115
2.7
*
1.7
.7
8.8
1.0
-4.3
.7
23
24
25
26
Total finance
Sponsored credit agencies
Honetary authority
Connercial banking
5,367
594
99
4,000
8,776
360
-121
4,917
7,552
-226
532
1,627
6,221
330
442
-1,506
10,492
871
24
3,703
19,990
360
751
9,395
11.1
-1.6
1.8
6.5
8.7
1.0
*
2.0
9-8
-.5
-.2
6.1
7.7
1.0
-.6
3.5
21.2
.5
-5
11.8
23
24
25
26
-1,180
331
1,675
49
-201
1,697
83
1,498
124
218
3,421
612
1,439
124
23
4,906
784
1,511
—
149
-395
3,328
633
1,552
-22
403
£,610
-719
1,567
-51
77
2.3
.5
1.4
.4
-. 1
2. 1
.6
1.7
1.2
♦
2.9
.4
1.5
-.3
♦
1.8
.3
2.5
-.8
-. 1
5. 1
.7
2.4
-.3
.5
27
28
29
30
31
32
5,838
2,840
-745
-3,343
3,387
2,770
.9
5.5
4.8
8.2
12. 1 33
Direct foreign investnent by O.S. corps.
34 Liab.: Foreign
1,292
2,040
35
Eguity * intercoapany accts.
-820
-830
36
Betained earnings
2,112
2,870
4,338
933
3,405
1,162
459
703
4,846
-1,113
5,959
595
-2,405
3,000
8.9
1.2
7.8
14.0
6.0
8.0
11.6
3.9
7.7
11.5
5.1
6.4
15.7 34
4.4 35
11.3 36
Direct foreign investaent in U. S.
37 Liab.: Honfinan. corp. bus.
2,305
2,409
38
Eguity ♦ intercoapany accts.
39
Betained earniags
-104
3,327
3,054
273
3,322
2,823
499
2,345
1,656
689
1,862
912
950
4,034
3,034
1,000
4.8
3.7
1. 1
2.6
1.4
1.2
4.3
2.7
1.7
3.7
2. 1
1.6
7.9 37
5.3 38
2.6 39
52
359
65
211
87
102
.6
.7
1. 1
.7
.6 40
77
37
-40
-22
242
13
-.6
*
-.1
a
. 1 41
27
28
29
30
31
32
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
Beits
Honey aarket funds
33 Unallocated, net
7.6 21
.8 22
(A) Foreign clains
U.S. Govt. eg. in IBBD, etc.
40 Liab.: Foreign
Honofficial foreign currency
41 Asset: U.S. Governaent
Liab.: Foreign
(B) Claias on Federally related agencies
Postal Savings Deposits
42 Asset: Hoaseholds
Liab.: U.S. Governaent
42
Deposits at Federal Hoae Loan Banks
43 Liab.: Sponsored credit ags.
-950
Asset: S+1 associations
44 Federal Beserve Eank stock
Asset: Coaaercial banks
45 Eguity in sponsored credit ag.
46 U.S. Governaent
Private:
47
Fare business (FICB + FLB)
48
Bonfarn noncorporate (BC)
49
Honfin. corp. bus. (FHHA)
50
S+1 associations (FBLB)
-699
-643
-599
-940
1,450
.6
.3
1.2
.3
2. 1 43
34
28
25
19
34
42
.1
*
. 1
*
* 44
-20
-
79
—
-25
—
179
-
227
-
217
-
.8
.4
.5
—
.8
1.3 45
46
15
10
3
-48
12
-34
4
97
38
-63
37
2
140
8
-1
1
219
11
-1
207
-2
*
.2
*
•
.1
.2
.1
.2
V
.1
.4
.3 47
. 1 48
49
.8 50
11/84 BASED OH PBELIHIHABY AHD IHCOHPLETE IHFOBHATIOH
«
.5
.2
«
SEPTEHBEB 5, 1980
Biscellaaeous 1
Hiscellaneous I
Hiscellaneous Financial Claias
47
SEASOBALLI ADJUSTED ABBUAL BATES
SEASOBALLI ADJUSTED ABBUAL BATES
1983
1979
1980
1981
1982
1983
1
2
3
91.8
1.3
11.9
66.7
1.2
16.9
104.6
1.8
23.1
90.6
.8
14.9
4
5
27.6
-1.3
14.7
-1.9
19.1
1.0
6
7
8
9
52.3
5.7
.9
13.2
35.8
3.6
-1.1
7.4
10
11
12
13
14
15
1.1
1.2
5.3
14.7
10.1
*
16
17
18
19
20
III
IV
I
|
1984
II
I
I
II
73.8
.6
11.3
69.2
.6
9.2
64.7
.6
13.3
80.9
.6
13.3
80.2
.6
9.4
94.0
.6
7.4
99.9 Bet change in liabilities
•6
Households
16.1
Bonfin. corporate business
1
2
3
15.4
.2
10.2
2.0
13.6
7.0
-4.6
-2.8
15.0
2.1
16.7
1.8
9.2
29.6
-2.3
4.8
Foreign
U.S. Governnent
4
5
59.5
4.7
.3
17.4
59.4
5.9
-.1
14.1
49.7
-.2
-.5
7.6
38.8
2.6
-3. 1
4.0
58.2
2.1
.6
15.5
49.9
-1.9
1.3
5.0
51.8
-3.7
-.7
6.0
47.1
-.5
.3
7.1
80.7
15.1
-.5
8.2
Total finance
Sponsored credit agencies
Honetary authorities
Connercial banking
6
7
8
9
.9
.8
3.8
12.4
7.9
.1
2.6
2.6
8.2
10.8
12.9
*
13.1
-.3
7.0
10.6
9.0
*
9.7
2.4
9.2
12.0
9.4
-
7.9
-2. 1
8.5
11.6
9.5
-
7.7
1.1
9.3
12.1
9.8
-
11.0
4.4
9.7
12.3
8.1
12.2
6.3
9.5
12.1
10.2
-
9.3
.8
9.4
12.0
8.7
-
4.8
9.9
9.5
12.0
21.7
Saviags ♦ loan assns.
Hutual savings banks
Life insurance coapanies
Other insurance conpanies
Finance coapanies
Beits
10
11
12
13
14
15
76.2
7.2
1.9
3.0
34.6
78.4
5.6
1.9
2.6
32.3
102.0
6.1
1.7
2. 1
21.6
85.6
6.8
1.7
2. 1
12.6
69.2
7.2
1.4
2.3
19.2
67.0
7. 1
1.4
2.3
18.2
69.9
7.2
1.4
2.3
20.4
76.5
7.3
1.5
2.4
19.8
63.4
7.3
1.5
2.4
18.4
100.5
7.3
1-4
2.4
27.0
21
22
6.8
•8
18.4
.5
21.3
.9
7.2
1.6
10.3
.7
9.2
.5
9.3
1.6
15.4
.1
7.2
.8
10.0
1.3
15.1
.5
Foreign
U.S. Governnent
21
22
23
24
25
26
21.9
.4
.2
10.1
17.1
1.3
.5
7.3
48.2
.7
.5
28.0
53.7
1.4
14.3
27.9
1.1
1.0
9.0
28.3
2.6
.4
15.8
27.6
2.4
-.5
9.2
29.9
-.9
2.1
6.7
25.9
.1
1.8
4.4
51.2
3.7
•1
15.0
72.3
2.2
3.0
27.1
Total finance
Sponsored credit agencies
Honetary authority
Coaaercial banking
23
24
25
26
27
28
29
30
31
32
6.5
.5
3.5
•
.3
.4
4.1
1.0
3.6
—
-1.0
.4
8.2
1. 1
7.3
—
.4
1.9
27.3
2.7
8.1
—
.9
-1.1
8.8
1.8
6.1
—
.4
-.4
1.8
1.6
6.7
—
.2
-.8
8.8
.3
6.0
•
.5
.9
13.2
2.3
5.8
—
.5
.1
11.5
3.0
6.0
.6
-1.6
21.7
2.9
6.2
—
-.1
1.6
36.5
-2.9
6.3
-•2
.3
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
Beits
Honey aarket funds
27
28
29
30
31
32
33
15.6
-11.7
2.6
5.0
4.6
2.2
-5.1
4.4
16.9
-6.5
-7.8 Unallocated, net
♦
1
107.7 Bet change in assets
7.3
Households
1.4
Fara business
2.4
Bonfara noncorp. business
8.7
Bonfin. corporate business
16
17
18
19
20
33
(A) Foreign clains
Direct foreign investaent by U.S. corps.
1.4 Liab.: Foreign
18.7
-5.1
-10.6
Eguity * intercoapany accts.
23.8
12.0
Betained earnings
34
35
36
26.6
7.6
19.0
21.9
4.9
17.0
13.0
-.5
13.5
4.4
-2.0
6.4
8.8
-.3
9.1
4.9
-3.6
8.4
7.0
-4.4
11-5
14.5
.9
13.6
8.9
6.1
2.8
37
38
39
11.9
7.9
4.0
16.9
10.7
6.2
23.1
19.4
3.8
14.9
16.2
-1.3
11.3
9.9
1.4
9.2
9.6
-.4
13.3
12.2
1.1
13.3
11.3
2.0
9.4
6.6
2.8
7.4
3.6
3.8
40
.8
.7
1.1
1.3
.7
.2
1.4
.3
.8
.3
U.S. Gcvt. eg. in IEBD, etc.
•4 Liab.: Foreign
1.0
Bonofficial foreign currency
.1 Asset: U.S. Governaent
Liab.: Foreign
*
41
-.2
-.2
.4
.1
.3
.1
-.2
-.1
34
35
36
Direct foreign investaent in U.S.
16.1 Liab.: Honfiaan. corp. bos.
37
12.1
Bguity * intercoapany accts. 38
4.0
Betained earnings
39
40
41
(B) Claias on Federally related agencies
42
-
43
3.0
44
-
-
.8
1.8
2.8
.1
.1
.1
45
46
1.6
*
.7
-
47
48
49
50
.4
.1
.1
1.0
.6
.1
•
-
«
BILLIOBS OF DOLLABS.
-
-
-
-2.9
-2.4
-.8
-4.6
-3.7
-2.2
.1
.1
.1
.1
.1
-1
.1
1.4
.9
.2
-
.1
-
.1
.2
-
.4
-
1.3
—
.6
.1
.7
.4
.1
•
•
.1
.1
*
«
•
*
-. 1
♦
.2
.2
.1
.1
•
.3
•
#
.1
.4
11/84 BASED OB IHCOHPLETE IHFOBHATIOB.
-
♦
•
1.2
Postal Savings Deposits
Asset: Households
Liab.: U.S. Governaent
Deposits at Federal Hoae Loan Banks
8.2 Liab.: Sponsored credit ags.
Asset: S*1 associations
42
43
.2 Federal Beserve Bank stock
Asset: Coaaercial banks
44
.5 Eguity in sponsored credit ag.
- U.S. Governaent
Private:
*
Fara business (FICB ♦ FLB)
*
Bonfara noncorporate (BC)
Bonfin. corp. bus. (FBHA)
•5
S*1 associations (FHLB)
45
46
47
48
49
50
SEPTEHBES 5, 1984
Miscellaneous II
Hiscellaneous II
Hiscellaneous Financial Clains (Continued)
48
UNADJUSTED NET FLOSS(J BILL)
ONADJOSTED NET FLONS($ HILL)
1983
I
II
1984
III
II
I
II
1974
BILLIONS OF DOLLABS
1975
1976
1977
1978
(C) Life insurance clains
Deferred and unpaid preniuns
1 Liab.: Households
Asset: Life insurance
150
145
140
149
150
151
.7
.7
.6
.9
1.1
1
Life conpany reserves
2 Liab.: Life insurance cos.
3
Accident and health
4
Policy dividend accun.
Asset: Households
720
402
318
804
449
355
834
467
367
811
457
354
803
456
347
810
464
346
1.4
.7
.7
1.7
.7
1.0
1.9
.7
1.2
2.7
1.4
1.4
2.7
1.3
1.4
2
3
4
2,894
1,052
332
566
944
3,032
1,006
337
598
1,091
3,077
991
339
609
1,138
3,028
1,006
338
598
1,086
3,002
1,015
337
592
1,058
2,999
1,014
338
590
1,057
4.9
1.2
.5
1.0
2.1
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
5
6
7
8
9
1,232
797
1,206
811
3,954
.7
3.4
6.4
-.5
(D) Nonlife insurance clains
5 Liab.:
6 Asset:
7
8
9
10
Other insurance cos.
Boaseholds
Fara business
Nonfarn noncorp. bus.
Nonfin. corp, business
(E) Intercorporate clains
Corporate parent investaent in
finance conpanies
1,280
Asset: Donestic bank affiliates
2.7 10
(F) Unallocated assets * liabilities
11 Net total (liab. less assets)
5,838
2,840
-745
-3,343
3,387
2,770
.9
5.5
4.8
8.2
12
13
14
15
16
17
Net change in liabilities
Foreign
O.S. Governaent
U.S. Govt.-without levels
Sponsored credit agencies
Honetary authority
16,222
8,341
—
1,753
1,028
-849
8,951
-4,035
-695
712
63
7,313
-2,718
—
517
763
435
2,678
-977
438
-60
-233
19,022
4,180
7,409
-51
-20
13,553
-2,073
1,192
1,587
-266
9.6
1.3
1.7
-1.7
-1.0
-.3
7.5
.9
-.6
-. 1
1.1
-.5
13.8
3.7
-.5
1.4
.3
12.3
-3.8
-.7
-.3
.4
«
23.6
3.6
-.3
1.3
.4
12
13
14
15
16
17
18
19
20
21
22
Connercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in O.S. poss.
2,489
2,469
-66
-773
859
6,191
5,715
398
-810
888
1,198
-1,868
324
1,834
908
-2,235
-5,376
452
1,759
930
2,933
1,219
75
686
953
4,217
3,070
251
-78
974
7.7
5.5
.5
1.6
.1
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
18
19
20
21
22
23
24
25
26
27
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Finance coapanies
Beits
1,350
-392
1,414
1,088
-
3,571
411
1,522
1,211
2,514
1,803
1,582
1,219
2,269
578
1,561
1,337
-
1,346
303
1,548
1,374
-
3,139
2,733
1,563
1,461
-
-.1
.3
1.1
-. 1
.8
.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
23
24
25
26
27
28
29
30
31
32
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Bonetary authority
10,384
2,951
2,532
594
99
6,111
1,088
-2,950
360
-121
8,058
-823
1,585
-226
532
6,021
2,899
-2,184
330
442
15,635
1,542
3,875
871
24
10,783
-396
-3,007
360
751
8.7
2.2
-2.0
-1.6
1.8
2.0
-1.4
-.9
1.0
*
9.0
3.2
4.4
-.5
-.2
4. 1
5.5
-8.1
1.0
-.6
11.4
-2.8
-.3
.5
.5
28
29
30
31
32
33
34
35
Connercial banks
Foreign banking offices
Banks in O.S. possessions
2,056
463
167
3,878
-486
265
-21
604
222
-5,312
2,317
264
2,069
528
261
3,448
1,676
275
4.6
1.4
-.2
-2.5
.6
.6
-.7
.4
-. 1
3.7
.3
6.9 33
2.0 34
. 1 35
36
37
38
39
Savings and loan assns.
Hutual savings banks
Life insurance conpanies
Private pension funds
-182
331
1,525
2,299
83
1,353
-
4,127
612
1,299
-
5,365
784
1,362
-
4,049
633
1,402
-
6,953
-719
1,416
1.1
-5
.7
1.8
.6
1.0
1.5
.4
.8
1.2
.3
1.6
2.3 36
.7 37
1.3 38
39
40
41
Beits
Honey narket funds
49
-201
124
218
124
23
149
-395
-22
403
-51
77
.4
-. 1
1.2
V
-.3
•
-.8
-. 1
-.3 40
.5 41
11/84 BASED ON PBELIHINABI AND INCOHPLETE INFOBHATION
«
♦
12. 1 11
SEPTEMBER
)98<)
Hiscellanepgg
Hiscellaneous Ii
Miscellaneous Financial Claias (Continued)
SEASONALLY ADJUSTED ANNUAL BATES
19 79
1980
1981
SEASONALLY ADJUSTED AIIOAL BATES
1982
1983
1983
1
J
I
II
III
IV
1
|
1984
I
11
(C) Life insurance claias
1
1.3
1.2
1.6
.8
.6
.6
.6
.6
•6
.6
2
3
4
2.4
.8
1.6
1.7
.6
1. 1
2.1
.9
1.2
2.3
1.3
1.0
3.2
1.8
1.4
2.9
1.6
1.3
3.2
1.8
1.4
3.3
1.9
1.5
3.2
1.8
1.4
3.2
1.8
1.4
5
6
7
9
14.7
4.8
1.5
2.9
5.5
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
4.1
1.3
2.4
4.3
11.6
4.2
1.3
2.3
3.8
12.1
4.0
1.3
2.4
4.4
12.3
4.0
1.4
2.4
4.6
12.1
4.0
1.4
2.4
4.3
12.0
4.1
1.3
2.4
4.2
10
5.5
4.4
7.9
7.8
4.5
5. 1
4.9
3.2
4.8
3.2
11
15.6
-11.7
2.6
5.0
4.6
2.2
-5.1
4.4
16.9
-6.5
12
13
14
15
16
17
23.9
.2
-1.3
1.1
.8
6.1
-7.8
-1.9
2.1
-1. 1
41.5
5.2
1.0
1.4
.2
44.5
9.4
—
•2
2.2
-.2
35.2
.6
2.0
2.4
-.6
36.6
8.2
7.0
4.9
-3.3
22.6
-13.2
-2.8
2.8
.5
37.8
.4
2.1
2.5
1.2
43.7
7.0
1.8
-.4
-.8
48.3
-10.8
29.6
.4
.2
18
19
20
21
22
13.2
9.1
.3
2.7
1.1
7.4
.8
.1
4.9
1.6
17.4
6.7
1. 1
6.8
2.7
14.1
3.1
3.9
3.9
3.2
7.6
.9
1.1
2.0
3.6
4.0
2.5
-.3
-1.7
3.4
15.5
10.0
1.6
.4
3.6
5.0
-5.0
1.3
5.1
3.6
6.0
-3.7
1.8
4.2
3.7
23
24
25
26
27
1.1
1.2
2.9
4.6
♦
.9
.8
2.1
3.5
. 1
2.6
2.6
6.0
5.0
•
13.1
-.3
4.8
1.2
-
9.7
2.4
6.1
4.9
7.9
-2. 1
5.7
4.4
-
7.7
1.1
6. 1
4.8
11.0
4.4
6.3
4.9
28
29
30
31
32
8.3
2.5
-5.1
.4
.2
17.8
5.7
1.5
1.3
.5
39.0
4.9
-1.9
.7
.5
39.5
5.4
-7.7
1.4
•
30.6
6.1
-1.0
1.1
1.0
34.3
9.5
*
2.6
.4
27.7
9.0
-4.0
2.4
-.5
33
34
35
2.0
2.1
.4
.9
1.5
.5
9.3
7.9
2.9
3.1
2.4
.9
.6
2.9
.9
8.0
1.9
.7
36
37
38
39
2.4
.5
2.2
-
3.2
1.0
2.4
-
5.7
1. 1
5.5
-
24.0
2.7
7.4
-
11.6
1.8
5.5
-
40
41
.3
.4
-1.0
.4
.4
1.9
.9
-1.1
•4
-.4
Deferred and unpaid pceaiuas
.6 Liab.: Households
Asset: Life insurance
Life coapany reserves
3.2 Liab.: Life insurance cos.
Accident and health
1.9
1.4
Policy dividend accua.
Asset: Households
1
2
3
4
(D) Nonlife insurance claias
a
12.0 Liab.:
4. 1 Asset:
1.4
2.4
4.2
Other insurance cos.
Households
Fara business
Nonfara noncorp. bus.
Nonfia. corp, business
(E) Intercorporate claias
Corporate parent investaent in
15.8
finance coapanies
Asset: Doaestic bank affiliates
5
6
7
8
9
10
(F) Unallocated assets ♦ liabilities
BILLIOIS OF DOLLABS.
-7.8 Bet total (liab. less assets)
11
41.4
-4. 1
4.8
6.4
-.7
Net change in liabilities
Foreign
O.S. Governaent
U.S. Govt.-without levels
Sponsored credit agencies
Honetary authority
12
13
14
15
16
17
7. 1
-1.8
.3
4.7
3.8
8.2
-.6
1.0
3.8
3.9
Coaaercial banking
Coaaercial banks
Eank affiliates
Foreign banking offices
Eanks in U.S. poss.
18
19
20
21
22
12.2
6.3
6.2
5.3
•
9.3
.8
6.2
5.5
4.8
9.9
6.3
5.8
-
Savings and loan assns.
Butual savings banks
Life insurance coapanies
Finance coapanies
Beits
24
25
26
27
33.5
.8
2.1
-.9
2. 1
26.8
5.2
-2.2
.1
1.8
54.7
4.0
2.5
3.7
.1
49. 1
3.1
-1.0
2.2
3.0
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Honetary authority
28
29
30
31
32
5.1
-1.9
1.1
.1
2.4
.9
-10.8
9.3
1. 1
8.5
2. 1
1.0
3.3
6.7
1.1
Coaaercial banks
Foreign banking offices
Banks in U.S. possessions
33
34
35
4.2
1.6
6. 1
-
9.5
.3
5.4
17.8
2.3
5.2
-
15.0
3.0
5.4
-
22.7
2.9
5.6
-
27.8
-2.9
5.7
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
36
37
38
39
.2
-.8
.5
.9
.5
.1
.6
-1.6
-. 1
1.6
-.2
.3
Beits
Honey aarket funds
40
41
11/84 BASED Ol IICOHPLETE IIPOBHATIOI.
23
SEPTEBBEB 5, 1984
Total Claias
Total Claias
Total Piaaacial lssets and liabilities
50
UNADJUSTED BET PLOBS{$ MILL)
01ADJUSTED BET PIOBS (1 Bill)
1
1983
I
III
II
IT
|
BILLIOIS OP DOLLABS
1984
I
II
1974
1975
1976
1977
1978
Total Bet Borrowing and Lending ia credit Markets (1)
Total net borrowing
in credit aarkets
1
98,429 167,493 170,315 199,672 158,815 225,690
229.3
211.6
283.8
378.7
477.7
1
175.3
11.8
163.5
54.8
7.8
20.2
66. 1
14.6
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
369.6
53.7
316. 2
172- 0
14.6
32.4
80. 6
16. 5
2
3
4
5
6
7
8
9
13,034
35,575
9,198
7,680
-155
5,811
1C,487
2,512
42
15.0
39.0
17.3
3.4
.2
4.4
6.2
6.0
1.5
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
17.6
-1.4
10
T1
12
13
14
15
16
17
18
98,429 167,493 170,315 199,672 158,815 225,690
2
3
4
5
6
7
8
9
Doaestic nonfinan. sectors
U.S. Governaent
Private doaestic
Households
Para business
Bonfara noncorp. bus.
Corporate business
State+local governaents
85,862 137,425 141,366 161,708 139,575 177,081
55,641 46,876 47,860 36,180 49,427 31,166
30,221 90,549 93,506 125,528 90,148 145,915
16,156 37,838 54,690 66,710 42,568 68,935
2,632
408
1,499
-998
4,548
-709
7,454 16,779 18,835 20,792 11,865 24,030
4,339 13,540 13,215 28,378 33,604 43,610
1,703
6,708
5,267 10,646
17,844
2,981
10
11
12
13
14
15
16
17
16
Poreign borr. in U.S.
Financial sectors
Sponsored credit agencies
Hortgage pools
Coaaercial banks
Bank affiliates
Savings aad loan assns.
Finance coapanies
Beits
2,201
10,366
-3,180
18,098
277
1,389
-5,094
-1,171
47
Total net lending
in credit aarkets
19
5.614
24,454
476
16,644
-234
1,655
-599
6,471
41
3.627
25,322
911
18,377
26
3,014
1,357
1,595
42
7,454
30,510
3,200
13,269
-289
2,556
1,590
10,122
62
-1,136
20,376
5,543
11,124
-222
4,212
-2,478
2,175
22
477.7 19
229.3
211.6
283.8
378.7
16,526
15,509
355
140
522
49,323
25,087
688
4,072
19,476
37,423
18,402
681
9,670
8,670
38,432
19,518
1,946
5,276
11,692
31,027
33,726
434
-4,331
1,198
62,157
46,601
1,609
6,927
7,020
44.5
36.1
.7
7.6
.1
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
59.6
41.3
1.4
3.7
13.2
4,935
1,599
6,281
3,692
2,584
2,568
13,292
1,832
2,188
2,197
7,370
2,661
11.2
9.4
6.1
13.4
15.2
7.9
39.6
10.0
38.0 25
17.1 26
75,369 108,197 127,740 146,116 123,403 153,502
1,989
-4,039
1,922
3,710 12,290
3,190
18,098 16,644 18,377 13,269 11,124
7,680
-4,751
5,415 14.852 -4,620 -1,841
1,988
164.2
20.8
3.4
6.2
152.5
4.5
7. 1
8.5
222.0
4.7
12.2
9.8
292.6
6.4
16. 1
7.1
363.0
26.7
13.6
7.0
27
28
29
30
43,042
42,919
214
-139
48
67.0
58.5
.9
7.2
.5
29.5
28.5
-.5
1. 1
.4
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
31
32
33
34
35
77,916
34,822
26,369
2,502
3,951
88,502
44,792
39,237
2,507
3,048
66.8
25.3
19.5
3.1
2.7
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
187.3
72-3
56.1
8-8
7.3
36
37
38
39
40
20
21
22
23
24
Private doa. nonfin. sectors
Households
Boafara noncorp. business
Corporate business
State ♦ local governaents
25
26
Foreign
U.S. Governaent
27
28
29
30
Financial institutions
Sponsored credit agencies
Hortgage pools
Federal reserve systea
31
32
33
34
35
Coaaercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
16,777
16,089
43
454
191
33,250
34,772
-235
-1,367
80
31,957
30,174
-105
1,769
119
54,092
53,573
63
385
71
32,494
32,346
35
46
67
36
37
38
39
40
Private nonbank finance
Savings institutions
Savings * loan assns.
Hutnal savings banks
Credit unions
49,284
30,711
21,899
4,143
4,669
50,899
34,930
25,902
3,780
5,248
60,632
37,532
28,818
4,134
4,580
80,185
33,606
25,024
6,375
2,207
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.
21,907
13,776
1,329
5,681
1,121
24,625
11,474
5,369
8,034
-252
23,238
12,935
9,175
897
231
29,450
12,977
11,078
4,832
563
26,229
12,772
3,203
8,505
1,749
29,993
11,848
9,647
6,433
65
35.8
12.9
11.6
6.7
4.6
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
89.5
33.1
22.8
17.0
16.5
41
42
43
44
45
46
47
48
49
50
Finance n.e.c.
Finance coapanies
Beits
Hutual funds
Honey aarket funds
Brokers and dealers
-3,334 -8,656
793
5,423
-75
7,355
2,283
-7,266 -10,769
-4,216 -5,518
-138
4,047
-75
1,212
-2,809
-2,513
17,129
13,983
-100
3,790
-511
-33
16,865
4,372
71
8,069
5,457
—1,104
13,717
7,407
100
4,187
3,596
-1,573
5.7
4.9
.2
.7
.8
-.8
•
2.6
-4.8
.5
.7
1.0
11.4
11.7
-3.8
-.2
.6
3. 1
23.6
22.5
-2.4
3.9
-. 1
-.3
25.5
24.0
-1.1
.8
3.2
-1-3
46
47
48
49
50
51
51
(1) Excludes corporate eguities*
Total Liabilities aad Their Belation to Total Financial lssets
Bet flows through credit aarkets (froa
1
98,429 167,493 170,315 199,672 158,815 225,690
preceding table)
Other financial sources;
-536
-854
Official foreign exchange
522
1,377
2
729
-168
3
Treasury curr. and SDB ctfs.
112
133
137
86
174
-136
229.3
211.6
283.8
378.7
477.7
1
1.3
.4
.8
.9
2.5
1.2
.1
.3
.5
.5
2
3
4
5
6
7
8
9
10
Deposits at financial insts. 30,992 47,412
Checkable deposits
-10,768 32,616
Saall tiae + savings dep.
110,016 35,107
Honey narket fund shares
-26,296 -15,680
Large tiae deposits
-48,392 -2,738
Security BP's
7,937 -2,761
Foreign deposits
-1,505
868
60,204
9,178
30,662
-1,625
11,718
10,014
257
83,013
8,430
41,554
-457
21,288
8,845
3,353
63,650
-6,156
39,146
8,187
8,235
11,862
2,376
82,098
10,699
24,259
6,895
34,406
5,858
-19
87.4
6.9
37.7
2.4
41.1
-.4
-.2
113.4
18.7
98.0
1.3
-8.9
3.5
.8
147.8
24.8
121.6
*
-13.9
13.6
1.7
165.5
30.2
94.6
.2
28.3
10.9
1.3
183.5 4
32.7 5
65.4 6
6.9 7
54.5 8
21.6 9
2.4 10
11
12
Life insurance reserves
Pension fund reserves
2,037
44,080
2,018
35,308
2,012
21,886
2,017
35,469
7. 1
39.9
8. 1
46.8
8.8
51.3
9.5
62.2
11.2 11
75.5 12
13
14
15
16
17
18
19
Interbank clains
-12,036
6,296
7,858 12,308
Corporate eguities
21,156 20,913 11,400 14,310
Security credit
-173 11,348
510 12,215
Trade debt
-3,521 18,834 20,632 21,766
Profit taxes payable
1,104 -3,414
3,187
4,890
Boncorp. proprietors* eguity -9,012 -17,576 -19,755 -18,681
Hiscellaneous
24,056 19,335 19,203 11,167
12,277
5,823
-82 9 -17,465
-819
3,323
13,741 19,983
4,519 -5,381
-9,221 -18,551
30,146 27,920
.2
5.7
-4.8
35.2
1.2
-18.0
32.5
-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
1.9
1.2
59.0
5.2
-24.6
71. e
183,949 308,477 320,657 377,746 297,080 360,622
417.5
416.7
563.8
671.6
879.4 20
♦
* 21
-.5 22
-4.2 23
1,929
30,391
20 Total financial sources
21
22
23
24
25
26
27
28
- Floats not incl. in assets
Deaand dep.; U.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
29
U/84 BASED OB PBELIHIBABI
2,009
36,230
151
-8,710
-13,668
315
-103
-1,356
-179
-5,337
-5,667
-367
1,101
14,293 -6,644
16,548 -15,004
-58
984
-3,045
2,166
5,838
-46
1,584
-1,901
177
2,840
-39
2,998
4,618
-1,297
-745
-78
-6,646
388
-936
-3,343
13
14
15
16
17
18
19
1,329
-1,702
452
.4
-.4
-1
1.6
3.0
-.8
.6
-4.4
1.5
1.8
-10.2
-360
536
-861
113
2,770
-. 1
2.5
.3
.7
.9
1
-3.8
4.6
-1.0
5.5
-.1
-.9
9.3
-2
4. 8
-.3
-5.4
5.5
-1.0
8.2
10.9 26
1.5 27
12. 1 28
200,291 306,967 326,105 356,419 305,759 358,345
413.2
406.6
555. 1
671.5
858.7 29
ABD IBCOHPLETB INFOBHATION
17
11,441
-3,530
2,021
3,387
• 24
.8 25
SBPTEHBEB 5, 1984
Total Claias
Total Clains
Total Financial Assets and Liabilities
5i
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
|
1
1983
I
II
III
1»
|
1
1984
I
II
Total Net Borrowing and Lending in Credit Harkets (1)
1
488.7
434.7
491.8
488.8
635.9
510.7
645.7
630. 1
757.2
757.7
867.0
Total net borrowing
in credit aarkets
2
3
4
5
6
7
8
9
386.0
37.4
348.6
179.3
21.4
34.4
96.0
17.6
344.6
79.2
265.4
122.1
14.4
33.7
78.1
17.2
380.4
87.4
293. 1
127.5
16.3
40.2
102.9
6.2
404. 1
161.3
242.8
94.5
7.6
39.5
70.0
31.3
526.4
186.6
339.8
175.4
4.3
63.9
59.5
36.7
428.6
209.6
219.0
108.5
-.5
42.4
37.5
31. 1
549.3
234.5
314.8
161.0
2.1
57.8
41.2
52.7
516.2
165.2
351.0
195.9
4.7
75.4
49.8
25. 1
611.4
136.9
474.4
236.1
11.1
79.9
109.4
38.0
648.7
184. 1
464.6
215.2
4.3
61.0
156.1
27.9
699. 1
161.9
537.2
290.7
-6.0
86.0
161.2
5.3
Doaestic nonfinan. sectors
U.S. Governaent
Private doaestic
Households
Fare basiness
lonfara noncorp. bus.
Corporate business
State+local governaents
10
11
12
13
14
15
16
17
18
20.2
82.4
24.8
23.1
.2
6.5
12.6
16.5
-1.3
27.2
62.9
25.6
19.2
•2
6.9
7.4
5.8
-2.2
27.2
84. 1
32.4
15.0
-. 1
8.3
15.5
12.8
.2
15.7
69.0
15.3
49.5
.6
1.9
2.5
-.9
.1
18.9
90.7
1.4
66.4
-.2
8.6
-2.7
17.0
21.6
74.7
-5.9
69.6
-.9
6.6
-8.5
13.7
.2
13.3
100.6
-2.5
71.6
.1
12.1
1.8
17.3
.2
31.7
114.1
16.2
53.4
-1.2
10.2
7.2
28.0
.2
-6.3
115.3
34.9
42.7
-.9
16.8
-1.6
23.2
.1
50.5
117.3
27.4
33.9
.2
8.9
73.2
-2.2
71.0
1. 1
5.6
-11.5
9. 1
.2
Foreign borr. in U.S.
Financial sectors
Spcnsored credit agencies
Hortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
fieits
19
488.7
434.7
491.8
488.8
635.9
510.7
645.7
630. 1
757.2
757.7
867.0
20
21
22
23
24
99.6
71.2
1.8
5.2
21.5
56.1
36.4
.4
1.3
18.0
70.6
42.6
2.7
15.6
9.6
94.2
51.4
1.8
11.8
29. 1
141.7
78.5
3.7
19.2
40.4
84.0
50.0
3.5
11.4
19. 1
186.6
108.0
5.3
23.3
50.0
134.2
58.8
.3
26.4
48.7
162.0
97.3
5.6
15.4
43.7
144.6
119. 1
3.5
-3.0
24.9
225.2
183.9
10-2
35.5
-4.4
25
26
-4.6
19.0
23.2
23.7
16.3
24. 1
18.1
16.0
27. 1
9.7
22.0
7.2
31.6
11.0
6.2
10. 1
48.6
10.5
13.2
9.8
33-5
6.9
27
28
29
30
374.6
30.0
23.1
7.7
331.6
26.4
19.2
4.5
380.8
33.2
15.0
9.2
360.6
15.7
49.5
9.8
457.4
3.1
66.4
10.9
397.5
-4.2
71.0
7.3
416.5
.1
69.6
23.8
479.6
-.9
71.6
32.9
536.1
17.3
53.4
-20.4
590.1
29. 1
42.7
22. 1
31
32
33
34
35
123.1
108.6
-.1
14.5
*
100.6
83.1
-.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
119.4
115.4
.2
3. 1
.8
123.7
121.5
-.9
2.8
.3
126.2
128.8
-.4
-2.6
.5
175.0
172.7
.3
1.7
.3
36
37
38
39
40
190.8
56.5
49.3
4.4
2.8
181.0
54.5
46.2
5.9
2.4
221. 1
27.8
23.1
1.0
3.7
178.4
31.3
20.2
.6
10.6
241.0
136.8
101.6
18.4
16.7
204.0
119.8
86. 1
13.5
20.2
199.3
138.0
100.4
16.6
21.0
249.8
148.3
114.5
18.0
15.8
41
42
43
44
45
85.9
33.4
28.2
10.8
13.4
94.3
32.8
3 0.8
20.9
9.9
97.4
34.7
30.8
22.5
9.4
108.8
43.5
35.7
24.7
5.0
99.2
51.2
27.0
19.4
1.7
76. 1
46.7
3.3
22.7
3.5
102.9
47.9
22.2
32.1
.7
46
47
48
49
50
51
48.5
27.1
-1.0
1.9
19.8
.6
32.1
13.9
-.7
4.8
14.9
-.7
96.0
27.0
-1. 1
5.3
62.5
2.3
38.3
5.0
-.7
12.7
21.4
-.2
5.0
24.2
-.3
14.6
-21.4
-12.3
8. 1
16.3
29.4
-29. 1
-8.6
-41.6
18.1
-.3
9.1
-43.1
-25.5
-.6
23.2
34.8
-1.5
.2
Total net lending
in credit aarkets
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Private doa. nonfin. sectors
Households
Nonfara noncorp. business
Corporate business
State ♦ local governaents
20
21
22
23
24
Foreign
U.S. Governaent
25
26
601.4
40. 1
33.9
12.4
Financial institutions
Spcnsored credit agencies
Hortgage pools
Federal reserve systea
27
28
29
30
179.9
177.9
.1
1.6
.3
163.4
154.3
.9
8.0
.2
Ccaaercial banking
Coaaercial banks
Eank affiliates
Foreign banking offices
Banks in U.S. poss.
31
32
33
34
35
310.8
140.9
105.6
25.6
9.8
316.2
133.7
110.0
6.1
17.6
351.6
178.0
152.8
11.6
13.6
Private nonbank finance
Savings institutions
Savings ♦ loan assns.
Butual savings banks
Credit unions
36
37
38
39
40
91.8
53.5
34.9
3.6
-.2
126.1
56.6
47.5
19.3
2.7
92.5
41.9
10.8
34.0
5.8
124.5
49.9
39.0
33.7
1.8
9.8
24.5
— .3
4.8
-11.2
-8.0
43.8
38.2
-.4
15.2
-2.0
-7.1
90. 1
31.2
.3
32.3
21.8
4.5
49.0
27.4
.4
16.7
14.4
-9.9
(1)
Insurance sector
Life insurance cos.
Private pension funds
St.+loc.govt.rtr.funds
Other insurance cos.
41
42
43
44
45
Finance n.e.c.
Finance coapanies
fieits
Hutual funds
Honey aarket funds
Brokers and dealers
46
47
48
49
50
51
Excludes corporate eguities.
Total Liabilities and Their Belation to Total Financial Assets
Net flows through credit aarkets (froa
preceding table)
867.0
757.7
Other financial sources:
Official foreign exchange
-.7
2.9
Treasury curr. and SDB ctfs.
-.5
.7
2
3
349.0
33.3
143.7
27.6
112.9
31.8
-. 1
Deposits at financial insts.
Checkable deposits
Snail tiae + savings dep.
Honey narket fund shares
Large tiae deposits
Security BP’s
Foreign deposits
4
5
6
7
8
9
10
8.0
106.5
8. 1
146.4
Life insurance reserves
Pension fund reserves
11
12
62.3
57.4
35.1
70.7
.4
-79.9
80.2
45.4
-7.0
14.5
93.3
13. 1
-36.6
94.0
7.7
-67.8
6.0
76.7
10.8
-59.3
99.9
13
Interbank claias
14
Corporate eguities
15
Security credit
16
Trade debt
17
Profit taxes payable
Noncorp. proprietors’ eguity 18
19
Hiscellaneous
1374.4
1440.5
1
488.7
434.7
491.8
488.8
635.9
510.7
645.7
630. 1
757.2
2
3
*
1.6
8.0
1.3
2. 1
1.2
3.0
1.7
.5
.5
2. 1
.4
-2.1
.5
-3.4
.5
5.5
.3
4
5
6
7
8
9
10
181.3
35.8
61.1
34.4
27.8
16.1
6.1
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
221.6
39.5
217.3
-44. 1
-18.1
24.0
3.0
220.8
69.2
372. 1
-105.2
-142.6
33.3
-6.0
201.3
111.6
180.2
-62.7
-26.0
-5.2
3.5
237.9
4.6
173.4
-6.5
27.0
38.4
1.0
226.4
-27.6
143.7
-1.8
69.0
29.7
13.4
348.0
85.6
76.3
32.7
93.9
49.8
9.5
11
12
10.7
84.3
9.7
106.5
9.2
107.9
7.2
143.0
8.0
146.0
7.7
139.8
8.0
149.7
8. 1
143.9
8.1
150.7
13
14
15
16
17
18
19
22.7
-3.8
2.1
60.9
2.8
-25.1
91.8
-29.5
22.2
12.5
47.2
-3. 1
-44.4
66.7
-15.8
-4. 1
.9
30.7
-8.4
-26.8
104.6
-12.2
35.3
6.5
-7.8
-14. 1
-28.6
90.6
14.4
67.8
23.9
57.7
5.8
-65.0
73.8
-52.7
81.4
15.8
16.8
-1.0
-35.2
69.2
14.2
85.6
38.5
76.7
19.8
-56.6
64.7
33.9
46.7
6. 1
66.7
3.8
-88.4
80.9
20
917.8
84 7.4
967.0
930.7
1190.8
975.9
1246.0
1167.0
21
22
23
.3
1
-13.0
-.6
2.3
-9.5
-1.1
4. 1
4.6
-.4
3.2
-2.9
1.4
.1
-4.1
1.3
-3.3
-1.0
-3.2
4.2
-5.6
3.3
4.4
-6.3
4.2
-4.7
-3.6
-.7
7.5
-.4
24
25
26
27
28
-.2
-1.7
3.4
1.8
15.6
-.2
-3.4
8.4
.6
-11.7
-.2
-2.4
-4.5
.7
2.6
-.2
15.7
-5.8
-. 1
5.0
-.2
-1. 1
.3
.1
4.6
-.2
1.2
-7. 1
.8
2.2
-.2
4.3
-2.2
-.6
-5.1
-.2
3.7
17. 1
.3
4.4
-.3
-13.6
-6.7
*
16.9
.1
43.7
-8.5
.4
-6.5
29
911.7
861.4
963.2
916.2
1189.8
982. 1
1254.6
1140.2
1382.3
1404.9
BILLIONS OF DOLLABS.
11/84 BASED ON INCOBPLETE INFOBHATION.
1443.5 Total financial sources
- Floats not incl. in assets
Deaand dep.:
U.S. Govt.
.1
Other
2.0
Trade credit
1. 1
- Liabilities not allocated
as assets
Treasury currency
-1.4
Interbank clains
.3
Security BP’s
4.3
Profit taxes payable
-.5
Hiscellaneous
-7.8
Totals allocated to sectors
as assets
1445.3
1
20
21
22
23
24
25
26
27
28
29
SEPTEBBEB 5, 1984
Saving by Individuals
Saving by Individuals
Anount and Coaposition of Individuals* Saving (1)
UNADJUSTED NET FLOBS (1 BILL)
OBADJUSTED BET FLOBS ($ HILI)
I
II
1983
III
IV
J
1
1984
I
II
1 Increase in financial assets
104,069 100,966 118,775 124,955 115,486 135,906
2
Checkable deposits and curr.
13,485 13,375
7,422
5,594
5,374
6,320
3
Tiae and savings deposits
64,533 36,547 46,742 50,632 47,365 56,178
4
Boney aarket fund shares
-26,296 -15,680 -1,625
-457
8,187
6,895
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Securities
U.S. savings bonds
Other U.S. Treasury secur.
O.S. Govt, agency secur.
Tax-exeapt Obligations
Corporate * foreign bonds
Open-aarket paper
Butual fund shares
Other corporate eguities
Private life insuraace res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance * pen. res.
Biscellaneous finan. assets
19 Gross inv. ia tangible assets
20
Owner-occupied hones
21
Other fixed assets (2)
22
Consuaer durables
23
Inventories (2)
1974
BILLICNS OF DCLLABS
1975
1976
1977
1978
147.2
7.3
51.1
2.4
174.4
6.9
84.2
1.3
210.3
15.7
106.2
*
235.7
19.9
108.2
.2
269.7
22.5
102. 1
6.9
1
2
3
4
21,942
688
23,504
4,400
12,470
28.3
3.0
11.9
2.4
8.3
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
21.4
3.9
10.6
6. 1
4. 1
5
6
7
8
9
213
-760
1,834
5,321
5,125
-52 5
8,400 14,652
8,185
-1,955 -21,230 -31,670
3. 1
.6
.9
-1.8
6.3
-6.0
-.3
-4.4
10.8
-4.8
-2.4
-2.6
—.2
3.9
.9
-4.8
-6.3
6. 1
-. 1
-5.2
10
11
12
13
1,974
10,777
10,744
13,831
6,322
1,972
8,763
12,225
14,526
7,085
7.0
6.0
21.5
12.6
11.1
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
28.8
27.9
30.2
14
15
16
17
18
101,661 116,639 124,821 140,674 132,122 141,662
24,033 21,126 29,699 33,322 34,355 28,065
23,495 29,543 27,775 25,318 24,592 31,255
57,639 69,134 70,113 82,934 69,407 79,882
-3,506 -3,164 -2,766
-900
2,460
3,768
210.8
45.0
46.1
121.5
-1.8
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
3.0
19
20
21
22
23
22,162
475
17,968
-2,068
5,706
1,287
-1,873
11,588
-10,921
1,888
10,783
9,265
10,384
-2,135
26,144
876
6,448
1,243
21,825
16,552
868
14,592
4,415
6,071
-4,147
3,848
908 -11,136
5,751
7,093
-8,102 -7,857
1,965
9,274
12,383
14,617
2,341
1,994
9,355
14,861
19,907
3,567
25,538
920
328
4,885
7,426
27,031
764
26,519
3,439
1,578
1,967
7,728
5,630
8,573
3,631
24 Capital consuaption allowances
25
Owner-occupied hoaes
26
Other fixed assets (2)
27
Consaaer durables
89,678
13,076
22,955
53,647
90,398
13,139
23,297
53,962
92,764
13,341
24,692
54,731
94,147
13,680
24,513
55,954
95,636
13,961
24,690
56,985
97,618
14,184
25,608
57,826
146.5
19.7
33.7
93. 1
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
24
25
26
27
28 Bet inv. in tangible assets
29
Owner-occupied hoaes
30
Other fixed assets (2)
31
Consaaer durables
32
Inventories (2)
11,983
10,957
540
3,992
-3,506
26,241
7,987
6,246
15,172
-3,164
32,057
16,358
3,083
15,382
-2,766
46,527
19,642
805
26,980
-900
36,486
20,394
-98
12,422
3,768
44,044
13,881
5,647
22,056
2,460
64.2
25.2
12.4
28.4
-1.8
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. C
19.0
56.7
3.0
28
29
30
31
32
33 Bet increase in debt
34
Btg. debt on noafara hoaes
35
Other aortgage debt (2)
36
Consuaer credit
37
Security credit
38
Policy loans
39
Other debt (2)
28,254
17,857
6,892
-4,534
2,252
454
5,333
69,882
18,400
17,451
11,260
7,476
280
15,015
76,371
32,659
19,035
17,191
2,751
147
4,588
92,085
34,271
17,808
27,355
6,731
205
5,715
56,038
34,662
10,725
7,647
-350
197
3,157
99,201
32,275
23,200
31,327
1,720
185
10,494
84.2
38.0
25.6
9.9
-1.8
2.7
9.8
78.4
40.6
18. 1
9.6
.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
227.5
111.5
34.6
48.8
1.2
2.6
28.8
33
34
35
36
37
38
39
40 Individuals* saving (1*28-33)
87,798
57,325
74,461
79.397
95,934
80,749
127.2
12.6
28.4
151.7
15.1
26.5
163.0
17.7
40.0
166.5
22.5
49.6
187.8 40
27.9 41
56.7 42
.5
1
85.9
.2
.1
109.8
.5
-. 1
104.9
.6
-.3
94.0
.7 43
• 2 44
102.3 45
85.1
94.3
82.5
78.0
e9.4 46
.7
15.5
22.5
16.0
13.0 47
(1) Coabined stateaent for households, fara business,
and nonfara noncorporate business.
(2) Includes corporate faras.
II/84 BASED ON PBELIBINABT ABD IBCOBPLETE IBFOBBATIOB
SEPTEHBEB 5, 1984
Saving by Individuals
Saving by Individuals
Amount and Composition of Individuals* Saving (1)
53
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
1981
1982
1983
1
2
3
4
293.9
21.5
74.4
34.4
326.3
10.2
126.5
29.2
350.0
35. 5
66.7
107.5
369.8
16.5
119.2
24.7
448.8
39.9
198.5
-44. 1
5
6
7
8
9
32.7
-.8
19.8
16.4
10.4
5.9
-7.3
13.9
6.9
7.0
-10.6
-4.3
24.2
4.5
10.3
23.2
.2
19.7
-8.3
32.7
10
11
12
13
-1.4
6.6
.1
-18.4
-5.7
-.8
5.2
-13.2
-8. 1
-7.3
6.3
-36.3
14
15
16
17
18
10.4
19.4
40.8
24.4
36.0
9.7
22.3
48.9
35.3
38.3
19
20
21
22
23
408.1
107.3
82.1
213.4
5.3
24
25
26
27
|
1
1983
|
I
1984
II
III
IV
424.2
67.7
251.9
-105.2
449.5
65.4
158.4
-62.7
412.3
9.8
199.4
-6.5
509.1
16.6
184. 1
-1.8
459.7
30.8
180.9
32.7
90.4
3. 1
39.3
8.5
41.0
69.7
3.7
45.9
1.6
33.0
118.4
3.5
75.9
*
66.5
45.6
3. 1
24. 1
11.0
28.7
127.9
2.3
11.5
21.3
35.9
85.3
4.7
73.3
26.1
17.4
91.6
2.5
139.5
10.9
26.0
-5.2
-8.0
18.4
-26.2
1.2
-6.8
32.8
-28.8
9.0
-18.3
43.2
-48.4
-12.3
-17.6
30.4
-27.9
11.3
-18.4
24.1
-38.3
-3.1
27.3
33.7
-.8
11.8
-13.7
54.9
-89. 1
2.9
-3.4
34-8
-121.7
8.9
29.5
37.6
41.0
33.9
7.0
39.7
54.3
49.2
36.0
7.8
40.2
47.3
58.7
10.1
7.6
43. 1
34. 1
62.7
-7.4
7.9
37.1
49.6
63.2
12.3
8.0
37.4
61.1
45.6
11.9
7.9
43.1
44.2
63.5
23.6
7.9
30.9
18.9
56.9
15.4
7.9
35.1
48.6
63.0
32.7
386.7
100.3
78.3
214.7
-6.6
437.2
96.0
96.7
235.4
9.0
421.0
75.2
104.6
245. 1
-4.0
483.8
108.2
106. 1
279.8
-10.3
441.7
88.8
105.7
259.4
-12. 1
469.8
102.5
105.8
276.1
-14.5
492.9
117.0
106.5
284. 1
-14.7
530.8
124.4
106.6
299.8
*
566.1
127.0
110.8
310.9
17.4
572.2 Gross inv. in tangible assets
Omner-occupied hoaes
132.4
Other fixed assets (2)
111.8
Consuaer durables
320.3
Inventories (2)
7.7
19
20
21
22
23
261.4
39.1
61.3
160.9
298.0
44. 1
72.0
182.0
326.5
48.5
81.6
196.3
349.4
51. 1
88.6
209.6
367.0
53.2
95.5
218.3
358.7
52.3
91.8
214.6
361.6
52.6
93.2
215.8
371. 1
53.4
98.8
218.9
376.6
54.7
98. 1
223.8
382.5
55.8
98.8
227.9
390.5 Capital consuaption allowances
Owner-occupied hoses
56.7
Other fixed assets (2)
102.4
Consuaer durables
231.3
24
25
26
27
28
29
30
31
32
146.7
68.2
20.8
52.5
5.3
88.7
56.2
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
83.0
36.5
13.8
44. 8
-12. 1
108.2
49.9
12.6
60.2
-14.5
121.8
63.7
7.8
65. 1
-14.7
154.2
69.7
8.5
75.9
♦
183.6
71. 1
12.0
83.0
17.4
181.7 Net inv. in tangible assets
Owner-occupied hoaes
75.7
Cther fixed assets (2)
9.3
Consuaer durables
89.0
Inventories (2)
7.7
28
29
30
31
32
33
34
35
36
37
38
39
240.3
121.2
40.9
45.4
1.0
4.7
27.0
180.3
98.3
34.8
6.3
6.5
6.7
27.8
186.8
78.7
37.8
26.7
-1.6
7.4
38.0
145. 1
51.6
36.2
21.0
3.3
4.2
28.8
266.6
103.2
61.2
51.3
19.2
1.1
30.7
171.8
58.9
39.7
26.5
9.0
1.8
36.0
263.8
91.2
58.4
45.3
29.9
1.1
37.8
281.4
126.6
69.2
48.7
11.0
.6
25.3
349.4
136.0
77.5
84.6
26.9
.8
23.5
285.4
122-7
55.7
78.5
-1.4
.8
29.2
385.2 Het increase in debt
Htg. debt on nonfara hoaes
148.9
Other mortgage debt (2)
80.7
Consuaer credit
130. 1
Security credit
6.9
Policy loans
.7
Other debt (2)
17.8
33
34
35
36
37
38
39
40
41
42
200.3
24.4
52.5
234.7
35.3
32.8
273.9
41.0
39.1
296.3
49.2
35.5
299.0
58.7
61.5
335.3
62-7
44.8
293.9
63.2
60.2
252.7
45.6
65. 1
313.9
63-5
75.9
357.9
56-9
83.0
40
41
42
43
44
45
.9
.1
122.4
1.8
-.5
165.3
2.7
-.8
192.0
2.4
-.5
209.7
4.4
-. 1
174.5
2.0
-.4
226.2
3.2
-.2
167.5
4.9
-. 1
137.2
7.5
♦
167.0
10.6
.2
207.3
377.9 Individuals* saving (1*28-33)
63.0 - Govt, insurance ♦ pen. res.
89.0 - Net investaent in cons. dur.
- Capital gains dividends
froa mutual funds
8.0
.8 - Net saving by fara corps.
217.1 = Personal saving, P/P basis
46
96.7
110.2
137.4
136.0
118.1
128.0
96.7
119.0
128.6
152.5
145.7 Personal saving, NIPA basis
46
47
25.7
55.2
54.6
73.7
56.4
I
98.2
70.8
18.2
38.3
I
54.7
11
581.4 Increase in financial assets
Checkable deposits and curr.
39.3
Tiae and savings deposits
235.7
27.6
Honey narket fund shares
1
2
3
4
Securities
U.S. saviags bonds
Other O.S. Treasury secur.
U.S. Govt. agency secur.
Tax-exeapt Obligations
5
6
7
8
9
Corporate ♦ foreign bonds
Open-aarket paper
Hutual fund shares
Other corporate eguities
10
11
12
13
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance * pen. res.
Hiscellaneous finan. assets
14
15
16
17
18
71.4 Difference
(1) Combined statement foe hoaseholds, fara business,
and nonfarm noncorporate business.
(2) Includes corporate farms.
BILLIOHS OP DOLLABS.
11/84 BASED OM INCOHPLETE IHFOBHATIOH.
43
44
45
47
SEPTBMBEB 5, 1984
Discrepancies
Discrepancies
Discrepancies - Sunnary for Sectors and Transactions
54
ONADJOSTED BET FLOSS{$ HILL)
OIADJOSTED BET F1OBS (J BILL)
1983
I
II
III
IT
|
1
1984
I
II
1974
BILLIOIS OF DGLL1BS
1976
1977
1975
1978
Sector Discrepancies
1 Total, all sectors
Households
2
3
Nonfin. corporate Easiness
4
State and local governnents
5
O.S. Governnent
6
Foreign
-16,877
1,395
-42,964 -14,516
11,371 14,307
3,053
308
2,545
3,253
11,911 -3,093
-6,264
-1,853
4,250
-6,608
-1,177
3,127
22,315 -6,173
5,796
2,950 -33,248 -13,737
22,155
3,583
2,601
2,299
3,548
813
3,948
6,887
2,365
-4,705 16,512 15,373
.6
-.7
.2
4.0
-.7
-2.4
4.6
-15.5
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
23.2
-13.0
23.8
4.8
3.9
11.5
1
2
3
4
5
6
7
8
9
10
Financial sectors
Sponsored credit agencies
Honetary authority
Connercial hanks
-2,793
139
-1,565
1,136
94
-1,915
-4,003
8
-2,796
-4,332
434
-2,167
-3,455
20
-3,241
-1,619
186
-3,853
.1
•1
-3.2
•3
.3
.1
-3.8
.3
-1.4
-6.5
.4
-6. 1
11
12
13
14
15
16
Private nonhank finance
Savings and loan assns.
Butual savings hanks
Life insurance
Other insurance
Finance n.e.c.
-1,367
104
-13
-715
-431
-312
2,957
159
1
-202
153
2,846
-1,215
-86
-138
394
-353
-1,032
-2,599
-120
-349
-85
-119
-1,926
-234
39
144
-497
-256
336
2,048
241
212
112
371
1,112
3.2
.1
•1
.5
1.1
1.4
-.1
a
-. 1
-.4
-.9
1.2
-2.6
-.2
-.2
.2
-2.8
.3
-.8
-.5
-.3
1.5
-1.5
a
-.3
-.2
-. 1
1.6
-.7
-.9
11
12
13
14
15
16
-7.9 7
.5 8
9
-8.0 10
Transaction Discrepancies
1 Total, all types
2
Treasury currency
3
Interbank claias
4
Security BP’s
Denand deposit nail floats:
5
O.S. Governnent
6
Other
7
8
9
10
11
12
Trade credit
Profit taxes payable
Hiscellaneous
Nonfinancial
Nonfinancial conponents:
NIPA discrepancy (neg.)
Pvt. vage accr. less dish.
-16,877
-58
984
-3,045
1,395
-46
1,584
-1,901
-6,264
-39
2,998
4,818
22,315
-78
-6,646
388
-6,173
17
11,441
-3,530
5,796
-360
536
-861
.6
-.1
2.5
.3
4.6
-. 1
-3.8
4.6
3.6
-.1
-.9
9.3
-1.3
-.3
-5.4
5.5
23.2
a
.8
10.9
1
2
3
4
151
-8,710
315
-103
-179
-5,337
1,101
14,293
-367
-6,644
1,329
-1,702
*
.4
.1
1.6
-.8
.6
1.5
1.8
a
-.5
5
6
-13,668
2,166
5,838
-535
-1,356
177
2,840
-115
-5,667
-1,297
-745
-816
16,548 -15,004
-936
2,021
—3,343
3,387
988
2,506
452
113
2,770
3,519
-.4
.7
.9
-3.7
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 7
1.5 8
12.1 9
2.5 10
535
-
115
-
816
-
-3,519
-
3.7
-
5.5
-
5.1
1.3
-2.5 11
12
11/84 BASED OB PBELIHINABI AND INCOMPLETE INFOBHATION
-988
-
-2,506
-
SEPTEHBEB 5* 1984
Discrepancies
Discrepancies
Discrepancies - Saanary for Sectors aad Transactions
SEASCNALLI ADJUSTED ANNUAL BATES
SE1S0NAL1I ADJUSTED ABBUAL BATES
1979
1980
1981
1982
1983
|
1
1983
I
II
III
I>
|
1
1984
I
II
Sector Discrepancies
1
1
2
3
4
5
6
7.6
-25.7
1.5
9.0
6.0
27.5
-16.3
-55.2
17.6
6.9
-.5
21.6
-1.9
-54.6
30.0
•
9.6
22.6
15.0
-73.7
51.3
-2.3
3.2
40.8
.6
-56.4
52.1
-.9
8.6
7.2
-13.6
-98.2
51.5
-2.3
3.7
38.6
-12.6
-70.8
58.7
-1.1
4.1
1.2
31.6
-18.2
47.8
-.2
11.5
2.4
-3.1
-38.3
50.3
-.2
15.0
-13.3
33.4
-54.7
20.0
-.1
21.7
55.3
2.6 Total, all sectors
Boasebolds
-71.4
Nonfin. corporate tasiness
8.6
State and local governnents
.4
U.S. Governnent
.4
Foreign
81.3
2
3
4
5
6
7
8
9
10
-10.7
.6
—
-9.4
-6.8
1.1
-9.7
-9.4
.7
-7.9
-4.4
.8
-7.0
-10.0
.7
-8.4
-6.9
-7
-6.1
-4.7
1.1
-7.3
-11.7
•4
«
-8.9
-16.7
.6
*
-11.4
-8.8
.2
-12.9
-16.7
1.5
♦
-15.2
Fiaancial sectors
Sponsored credit agencies
Honetary authority
Connercial banks
7
8
9
10
11
12
13
14
15
16
-1.9
-.3
*
-.7
1.1
-2.1
1.8
.7
-.2
.5
4.2
-3.3
-2.2
-.3
-.4
1.2
1.0
-3.8
1.8
1.2
-.7
-2.2
.1
-.5
-.6
-.8
-.4
-1.5
.5
.2
-.8
-.7
-.6
1.6
.7
.2
-1.0
-1.1
2.8
-3.2
-.3
-1.0
-.1
-.3
-1.4
-5.8
-.6
-1.3
-.6
-.9
-2.4
3.9
.3
.8
.5
.2
2.1
-3.0
1.0
1.0
Private nonhank finance
Saviags and loan assns.
Butual savings hanks
life insurance
Cther insurance
Finance n.e.c.
11
12
13
14
15
16
2.6 Total, all types
-1.4
Treasury currency
Interbank claias
.3
Security BP's
4.3
Denacd deposit nail floats:
D.S. Governnent
.1
2.0
Other
1
2
3
4
Trade credit
Profit taxes payable
Hiscellaneous
Bonfinancial
7
8
9
10
♦
1.3
♦
♦
-. 1
-4.9
Transaction Discrepancies
1
2
3
4
7.6
-.2
• 1« 7
3.4
-16.3
-.2
-3.4
8.4
-1.9
-.2
-2.4
-4.5
15.0
-.2
15. 7
-5.8
.6
-.2
-1. 1
.3
-13.6
-.2
1.2
-7.1
-12.6
-.2
4.3
-2.2
31.6
-.2
3.7
17.1
-3.1
-.3
-13.6
-6.7
33.4
.1
43.7
-8.5
5
6
.3
-. 1
•e 6
2.3
-1. 1
4. 1
-.4
3.2
1.4
.1
1.3
-3.3
-3.2
4.2
3.3
4.4
4.2
-4.7
-.7
7.5
7
8
9
10
-13.0
1.8
15. 6
1.5
-9.5
•6
-11.7
-2.3
4.6
•7
2.6
—5. 6
-2.9
-. 1
5.0
.5
-4.1
.1
4.6
-.5
-1.0
.8
2.2
-7.5
-5.6
-.6
-5.1
-4.1
-6.3
.3
4.4
4.8
-3.6
e
16.9
4.8
-.4
•4
-6.5
-2.2
1.1
-.5
-7.8
4.4
11
12
-1.5
2.3
5.6
-.5
.5
7.5
4.1
—
-4.8
-4.8
2.2
-
-4.4
-
BILLIONS OF DOLLABS.
11/84 BASED OB IBCOHPLETE IHFOBHATIOB.
Nonfinancial coaponents:
NIPA discrepancy (neg.)
Pvt. wage accr. less dish.
5
6
11
12
SEPTEBttnn b, lytw
Funds Baised in Credit Barkets
funds Baised in Credit Barkets
Summary of Net Funds Baised in Credit and Eguity Barkets
56
EEVISIONS FEOB BAI,
1979
1980
BEVISICNS FBOB BAY,
1984
1981
1982
1983
I
|
|
|
1983
I
HI
II
IV
1984
1984
II
I
Net Credit flarket Borrowing by Nonfinancial Sectors
1.4
1
3.2
8.8
3.0
2
3
4
1.4
5
6
7
8
9
10
11
12
13
1.4
1.4
19
20
21
22
23
24
25
-2.9
2.9
1.4
-3.1
4.5
14.2
29.5
1.5
16.6
16.6
-35.2
-35.2
-2.6
-2.6
21.2
21.2
16.7
16.7
Total net borrowing by donestic
nonfinancial sectors
1
O.S. Government
Treasury issues
Agency issues * mortgages
2
3
4
Private domestic
nonfinancial sectors
5
8.8
3.0
-9.8
-3.2
16.8
8.3
-15.2
.7
.9
-.3
. 1
. 1
6.5
3.2
-.2
3.5
-4.2
4.2
3.6
-.2
1.7
4.2
.9
-3.4
-2.2
-.6
-.6
*
-7. 1
11.3
3.3
-21.7
-19.0
-2.6
-1.3
1.2
-7.4
-6.3
-5
-1.7
.9
-4.3
1.7
*
12. 1
10.4
1.0
.7
2.5
4.5
-5.6
-.8
9.3
1.5
-1.4
9.2
7.0
.1
2.6
-.5
16.8
24.0
1.4
-8.6
-19.0
1.7
7.6
1.1
Debt capital instrunents
lax-exeapt obligations
Corporate bonds
Bortgages
Hoae mortgages
Multi-family resid.
Coaaercial
Farm
6
7
8
9
10
11
12
13
2.6
2.6
2.3
2.7
1. 1
-.8
-.7
1.3
-2.7
4.2
4.7
-1.0
-32.0
1.2
. 1
-6. 1
7.8
-4.3
-1.8
3.6
2.4
9.6
-4.9
*
3.0
-6.5
2.4
-32.2
5.8
-5.5
Other debt instruments
Consuaer credit
Eank loans n.e.c.
Cpen-aarket paper
Other
14
15
16
17
18
8.8
-5.0
8.2
5.6
-1.4
9.7
-2.7
3.0
-7.0
8.7
1.4
.6
-1.2
1.9
-9.8
.7
-9.7
-.8
1.9
-2.5
-.2
-3.2
-18.4
10.3
4.9
.5
-.2
4.6
16.8
-1.6
16.9
1.5
-.3
-3.8
5.6
8.3
-8.7
17.1
-.2
.3
1.8
-2.2
-15.2
10.6
-36.9
11. 1
3.8
12.9
-5.5
By borrowing sector:
State+local governaents
Households
Nonfinancial business
farm
Nonfara noncorporate
Corporate
19
20
21
22
23
24
25
*
•
1.2
.2
1.1
-6.6
.4
-6.6
.4
.1
♦
5.3
-. 1
5. 1
5.8
.2
5.8
15.5
1.0
11.5
♦
-.4
.3
.3
-.2
3.0
4.3
.2
-38.0
19.5
35.3
17.0
3.2
-3.5
6.9
-.2
.6
-.7
*
-38.4
3.2
♦
♦
14
15
16
17
18
6.9
*
26
27
28
29
30
*
*
31
1.4
3.2
8.8
Fgn. net borrowing in O.S.
Bonds
Bank loans n.e.c.
Open-aarket paper
U.S. Governnent loans
26
27
28
29
30
Total domestic plus foreign
31
Net Credit Barket Borrowing by Financial Sectors
1
-.1
-.5
-1.3
-.3
2
3
4
5
.9
-7.8
5.4
14.1
-8.3
-20.4
.1
.1
-6.8
-3.2
-3.6
3.4
♦
3.4
6.0
8.8
-2.7
-2.4
-5.5
3. 1
-1.3
.5
-1.8
Total net borrowing
by financial sectors
U.S. Government-related
Spcnsored credit ag. sec.
Bortgage pool securities
Loans froa O.S. Governaent
Private financial sectors
Corporate bonds
Bortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Home Loan Eank loans
1
2
3
4
5
6
7
8
9
10
11
-.1
-.5
-1.3
-.3
.2
.8
-.1
-.9
-.7
2.1
.4
8.0
-1.0
-5.9
1.1
-19.1
-1.5
-.1
-.5
-1.3
-1.3
.8
.9
2.5
-3.7
1.0
1.8
-.6
.4
1.4
4.4
3.2
-2.3
-. 1
-4.7
-17.6
-.9
1.0
12
13
14
-.1
-.5
-1.3
-.3
.9
.1
-7.8
-3.2
-3.6
5.4
♦
3.4
14. 1
8.8
-2.7
-8.3
-5.5
3. 1
-20.4
.5
-1.8
Total, by sector
Sponsored credit agencies
Bortgage pools
12
13
14
15
16
17
18
19
20
-.1
-.5
-1.3
-.3
.8
-.9
2.1
8.0
-5.9
-19. 1
-1.0
-.1
-.5
-1.3
5.5
-5.8
1.4
-.7
*
3.4
-4. 4
*
2.2
-.2
4.2
3.8
-4.1
-1.8
.1
-9.9
-8.2
-. 1
Private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
15
16
17
18
19
20
Total net borrowing
U.S. Governaent securities
Tax-exeapt Obligations
Corporate ♦ foreign bonds
Mortgages
6
7
8
9
10
11
Total Met Credit Barket Borrowingi, ah Sectors, by Type
1
2
3
4
5
6
7
8
9
-.1
-.1
1.9
8.5
.9
-.3
.1
3.2
.1
3.5
1.4
-.5
2.6
-1.3
*
•
2.7
-.2
*
-.7
3-?
8.8
1.0
5.1
.1
4.2
1.0
-3.4
-7.6
9.8
11.3
2.9
-21.7
-32.5
-31.8
-6.3
1.0
-1.7
33.6
3.5
10.4
-. 1
.7
27.0
18.8
1.5
9.2
-3.4
15.4
24.0
.8
-8.6
3.1
-10.2
4. 1
-3.7
.1
3.0
3.1
16.2
-.5
3.5
6.5
-6.6
-2.4
-38.3
4.9
-1.6
12. 1
-14.5
-13.0
-5.2
4.5
-23.9
-20.7
27.2
10.4
.1
10
11
12
1.4
3.0
♦
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
Beao; U.S. Govt, cash balance
15.7
15.4
Totals net of changes in O.S. Govt, cash balances:
Net borrowing by doa. nonfin.
-14.2
14.1
By O.S. Governaent
5.7
.9
1
2
3
4
5
6
7
8
9
10
11
12
External Corporate Eguity Funds Baised in U. S. flarkets
1
2
3
4
5
-.4
-.5
. 2
-. 1
-.2
. 1
-2.9
-1.3
-1.6
-2.0
-.9
-1.2
-5.3
-3.5
-1.7
-5.0
-3.2
-1.7
.8
2.4
-1.6
-. 1
-. 1
-1.7
-1.2
-1.8
-1.9
-1.8
1.2
6. 1
-4.9
-3.5
-1.5
6
.3
.2
. 1
. 1
.1
.2
.2
#
BILLIONS OF DOLLABS.
QUABTEBLY AMOUNTS ABE SEASONALLY ADJUSTED ANNUAL BATE
Total net share issues
Butual funds
All other
Nonfinancial corporations
Financial corporations
Foreign shares
purchased in U.S.
1
2
3
4
5
6
SEPTBHBEB 5, 1984
Credit Harket Supply of Funds
Credit Harket Supply of Funds
Direct and Indirect Sources of Funds to Credit Harkets
57
REVISIONS FfiCH HAY* 1984
REVISIONS FBOH HAY* 1984
1983
1981
1982
1979
1980
1
I
II
1983
III
— — — ----- —------- - ------------------- - .---------«--------- -----——
1.4
1
3.2
8.8
3.0
6.9
-38.4
14.2
IV
29.5
I
|
1984
I
II
Total funds advanced in credit aarkets
to doa. nonfinan. sectors
1.5
1
By Federal agencies and foreign
2
3
4
5
6
*
.3
*
*
-.2
. 1
*
-. 1
.2
.1
*
.3
-.3
-.3
7
8
9
10
11
*
*
.3
*
♦
-.2
-.7
*
1
*
.7
.3
.5
V
*
*
1.4
2.9
1.4
.9
-.6
•
2.6
12
13
-4.7
-7.7
-.6
1.0
2.6
-14.3
-12.9
-.5
.4
-1.3
-5.5
-7.6
-.3
3.2
-.6
24.2
28.9
1.9
-4.7
-2.0
-.7
-4.7
4.2
-5.7
7.0
-10.2
-14.3
-2.4
4.0
.2
-16.0
-5.5
-1. 1
6.4
-16.2
5.3
24.2
-.8
-1.9
9.0
18.0
.1
1.2
-6.8
-6.6
3.4
.4
6.0
5.3
-2.4
5.8
-13.0
-5.5
-3.1
1.0
-5.4
Total net advances* by type
U.S. Governnent securities
Besidential nortgages
FBLB advances to s+l’s
ether loans and securities
By type of lender:
-13.0
U.S. Governaent
3.8
Spons. credit ag.*atg. pools
-.7
Honetary authority
9.6
Foreign
-25.6
Agency and foreign borroving not in line 1:
Spons. credit ag.+atg. pools
-1.3
Foreign
15.5
2
3
4
5
6
7
8
9
10
11
12
13
Private doaestic funds advanced
14
15
16
17
18
19
20
♦
9.1
-.1
3.2
-.6
.1
6.4
4.4
-.1
4.2
1.9
-2.8
1.2
-1.9
17.5
11.3
4.5
-21.0
-13.2
1.0
-20.3
-18.9
-6.3
1.6
-2.9
6.6
.4
31.0
11.1
10.4
2. 1
7.4
3.2
3.2
8.7
-10.1
1.5
-.5
5.2
8.1
-4.7
28.7
20.8
24.0
15.0
-14.2
-16.0
1.0
Total net advances
U.S. Governnent securities
Tax-exenpt obligations
Corporate and foreign bonds
Besidential nortgages
Other aortgages and loans
Less: FHLB advances
14
15
16
17
18
19
20
Private financial internediation
21
22
23
24
25
19.2
-.1
-.2
19.5
19.3
-.5
-.4
20.0
.1
18.2
-1.3
.6
18.0
.8
14.3
-1.3
.7
14.6
.3
3.3
3.4
3.2
-3.8
.6
-43.8
-14.7
-1.3
-24.6
-3.1
-16.8
-2.1
-5. 1
-11.1
1.4
31.7
23.7
5.3
•8
1.9
42.0
6.5
13.8
19.5
2.2
-65.8
-25.2
-8.3
-14.8
-17.5
Credit narket funds advanced
by private financial insts.
Coaaercial banking
Savings institutions
Insurance and pension funds
Other finance
26
27
28
19.2
-4.6
-.1
19.3
1. 1
-.5
18.2
.2
-1.3
14.3
1.4
-.3
3.3
-1.1
.8
-43.8
-61. 1
-.9
-16.8
7.3
2.1
31.7
3.9
8.0
42.0
45.5
-5.9
-65.8
-25.0
-19. 1
26
Sources of funds
Private doaestic dep. + BP*s 27
28
Credit aarket borrowing
29
30
31
32
33
23.9
18.7
19.2
13.2
1.0
3.6
-.3
23.7
.2
18.5
.2
17.2
2.0
18.7
-6.5
8.5
-4.7
18.3
1.4
9.4
-8. 1
15.6
-26.1
6.4
-6.9
-2.7
-22.9
19.8
10.3
-5.4
17.9
-3.0
2.4
-19.1
2.8
27.1
-8.4
-21.6
-.2
11.5
-1.6
-31.3
29
Other sources
30
Foreign funds
31
Treasury balances
Insurance and pension res. 32
33
Other* net
34
35
36
37
38
39
-19.3
-8.8
-18.3
-13.7
-7.1
-3.5
.2
-6.3
1.2
.5
-16.6
-18.2
.9
.9
-1. 1
.9
-5.5
-20.8
3.5
4.2
1.8
5.7
1.9
-.6
6.8
4.5
-2.8
-6.0
40.9
25. 1
11.3
27.7
-3.7
-19.6
-1.5
-11.2
-2.4
7.3
7.6
-2.8
7.3
8.0
12. 1
.4
-12.6
-.6
-39.2
-24.4
6.0
-17.4
-2.3
-1.1
75.3
49.5
17.9
11.5
.1
-3.6
40
41
42
-4.6
♦
-.5
1.1
♦
.2
.2
♦
-.1
2.5
1.3
2.7
-.1
.7
.4
-58.5
-.4
-25. 1
7.7
1.9
10.3
1.3
-2.3
11.5
49. 1
3.6
4.9
-26.1
-1.1
4.8
43
44
.1
-.2
-.2
1.2
-1.7
-53.2
9.9
13. 1
23.5
-75.8
45
46
47
-4.2
1.0
.5
-2.5
-5.6
5.8
.3
17.2
-12.9
-20.7
3.0
-1.4
-.3
-5.9
23.0
V
45.9
-.2
48
-23.9
-17.2
-16.3
-3. 1
1.8
-17.6
6.2
8.6
10.0
49.2
Total of credit akt. instru
aents* deposits* and currency 48
49
50
51
9990.0
9990.0
.1
1338.7
9.8
626.4
.3
-2.7
158.2
1.6
-1.2
75.5
-1.0
-2170.4
2257.3
-8.8
37.5
82.4
-9.6
-27.9
102.3
15.7
68.5
480.6
-1.1
-76.3
-229.4
-25.9
Public holdings as A of total 49
Pat. finan. internediation (A) 50
51
Total foreign funds
21
22
23
24
25
Private doaestic nonfinancial investors
Direct lending in cr. aarkets
U.S. Governnent securities
Tax-exeapt obligations
Corporate and foreign bonds
Open-aarket paper
Other
34
35
36
37
38
39
Deposits and currency
Curreacy
Checkable deposits
40
41
42
Snail tiae ♦ svgs. deposits
Honey aarket fund shares
43
44
Large tiae deposits
Security BP*s
Foreign deposits
45
46
47
Corporate Equities lot included Above
1
2
3
4
5
3.1
-3.1
8.1
-8.1
BILLIOIS OF DOLLABS.
-.4
-.5
-2
-. 1
-.2
.1
-2.9
-1.3
-1.6
-2.0
-.9
-1.2
-5.3
-3.5
-1.7
-5.0
-3.2
-1.7
.8
2.4
-1.6
1.2
6. 1
-4.9
-2.0
1.7
11.3
-11.4
3.0
-5.9
-9.3
7.3
12.4
-17.6
6.0
-11.0
-13.5
14.3
-18.2
19.4
QUARTERLY AHOOITS ABE SEASOIALLT ADJUSTED AIIUAL BATE
Total net issues
Hutual fund shares
Other equities
’
*
3
Acq. by financial.institutions
Other net purchases
4
5
aaainaaaa o,
Households
Bouseholds
Sector Stateaents of Saving and Investaent
58
BEVISIOMS FROM HAY, 1984
1979
1980
BEVISIOMS IBOH MAI, 1984
1981
1982
1983
|
|
1983
I
II
III
IT
j
I
1984
I
II
Households, Personal Trusts, and Monprofit Organizations
1
2
-5.5
.4
6.0
2.0
2.1
-2.3
5. 1
-.4
.8
-1.0
1.4
-4.3
1.3
-3.5
-4.9
-3.1
Personal incoae
- Personal taxes and nontaxes
3
4
5
6
7
8
-5.9
-8.0
2. 1
4.0
-6.6
10.6
2. 1
4.4
-.7
.3
4.4
2.4
1.0
12.2
5.5
-.8
6.3
6.3
-. 1
8.4
1.8
-3.4
5.2
3.1
.2
9.6
5.7
2.5
3.2
1.3
.2
15.3
4.7
1.7
3.1
-1.0
3.8
15.4
-1.8
-8.1
6.2
-4.8
5.2
11.9
=
=
♦
♦
♦
9
10
11
1.4
.1
1.5
12.9
.6
13.5
20. 1
-16.1
4.0
20.9
-10.2
10.7
18. 1
-15.2
2.9
20.0
-19.2
.7
21.4
-19.6
1.8
18.5
-21.8
-3.3
♦
Disposable personal incoae
Personal outlays
Personal saving, MIA basis
Credits froa govt, insurance
Capital gains dividends
Met durables in coasuaption
1
2
3
4
5
6
7
8
= Met saving
♦ Capital coasuaption
- Gross saving
9
10
11
12
13
14
15
16
12
13
14
15
16
-2.6
-3.6
-3.6
-1.4
3.6
3.6
-12.3
-1.3
-.5
-.7
-9.4
-1.1
-1.8
.7
.1
3.3
3.5
2.1
.4
1.0
-12.6
3.6
2.1
•8
.6
1.4
.3
1.1
-1.6
.8
-4.7
4.3
1.9
1.2
1.2
29.1
5.8
3.2
1.2
1.5
54.1
6.2
8.4
-4.0
1.8
Gross investaent
Capital expend, net of sales
Besidential construction
Consuaer durable goods
Monprofit plant and eguip.
17
18
1.0
3.9
-5.0
-.5
-11.0
-4. 1
-8.4
-.2
-.2
7.6
-16.2
-26.5
1.1
10.1
-9.0
6.4
23.3
40.6
47.9
10.5
17
Met financial investaent
Met acg. of financial assets 18
19
-23.3
-15.4
-21. 1
-13.9
6.0
-10. 1
25.2
-3.1
12.1
38.5
Dep. * cr. akt. instr. (1)
19
20
21
22
23
24
-4.6
-.5
.1
-4.2
7.3
6.4
-.2
1.0
10.1
9.7
-.2
.5
-7.9
-6.6
1.2
-2.5
.5
7.8
-1.7
-5.6
-42.6
-7.7
-53.2
18.3
4.0
6.7
9.9
-12.6
-.2
18.3
13.1
-31.6
40.9
13.8
23.5
3.6
-39.2
-18. 1
-75.8
54.7
Deposits
Checkable dep. * curr.
Saall tiae * svgs.dep.
Large tiae depgsits
Honey aarket fund shrs
20
21
22
23
24
25
26
27
28
29
30
-18.7
-10.3
-22.6
-19.2
-7.1
.2
-1.5
-6.3
.4
2.4
-31.3
-24.3
1-0
.9
-3
-9.0
-6.0
-18.3
2.9
4.2
5.1
.1
5.5
12.1
6.1
4.5
-5.6
-11.6
32.5
28.7
9.8
27.7
-20.4
-13.2
21.2
27.1
-3.3
7.3
-4.6
-5.3
-2.9
-.9
11.7
.4
3.4
-17.5
-28.8
-6.6
6.1
-17.4
-.7
-10.2
77.7
62.0
17.7
11.5
-5.0
-8.5
Credit akt. instruaents
Q.S. Govt, securities
Tax exeapt obligations
Corporate * fgn. bonds
Mortgages
Open-aarket paper
25
26
27
28
29
30
31
32
-3.1
-8. 1
-.5
2.2
-.2
-11.1
-1.3
-4.6
-.9
-7. 1
-3.5
-15.6
-3.2
-7.0
2.4
11.3
6. 1
14.9
33
34
-1.8
28.6
-1.7
28.3
-.9
16.2
-6.9
36.7
-7.8
19.1
-8.8
7.9
-7.3
19.3
-7.4
30.6
-7.7
18.5
35
36
37
3.6
-3.6
.1
-4.7
-4.0
-7.6
-8.1
-4.0
♦
.3
.1
•2
.5
38
39
40
41
42
2.9
2.9
8.2
8.2
-4.2
2.7
7.8
8.7
-2.4
-10.4
-9.7
-18.9
9.0
10.3
1.2
1.4
6.9
6.9
-. 1
2.6
43
44
45
46
2.9
3.1
4.4
8.3
11.2
10.5
1. 1
.3
.3
-.5
-.9
-.4
-.5
-.3
-.5
-.2
.7
23.3
4.5
4.5
47
48
49
50
2.6
1.4
13.8
23.0
Hntual fund shares
Other corporate eguities
31
32
-8.9
-22.7
Life insurance reserves
Pension fund reserves
33
34
3.6
-17.9
.3
.5
Het inv. in aoncorp. bus.
Security credit
Biscellaneous assets
35
36
37
15.3
16.9
2.6
17.3
17. 1
5.4
-37.4
-36.9
-17.7
Met increase in liabilities
Credit aarket instruaents
Boae aortgages
Installnent cons, credit
ether consuaer credit
38
39
40
41
42
12.1
12.0
10.2
10.4
-2.6
-.4
2.7
-.4
2.2
-.6
-29.7
*
-1.0
-.3
-1. 1
-.4
.6
-.4
.8
-.8
-.5
1.5
5.4
-27.2
-57.5
43
44
45
46
Tax-exeapt debt
ether aortgages
Bank loans n.e.c.
Other loans
Security credit
Trade debt
Hiscellaneous
47
48
49
Discrepancy
50
(1) Excludes corporate eguities.
Heaoranda:
51
52
53
54
55
56
-.5
.2
-. 1
-.6
-1.8
*
-1.8
.2
-4.2
2.1
2.1
•4
1.6
-3.9
-2.4
8.4
2.1
.1
2.0
-2.4
-18.9
23.4
1.1
.3
.8
-3.6
1.2
3.5
1.9
.6
1.4
-4.7
2.6
4.0
3.2
.8
2.3
-4.8
5.4
2.6
8.4
.5
7.9
-5.4
-17.7
31.5
Met physical investaent;
(A) Besidential construction
Expenditures
Bobile hones
Other
- Capital coasuaption
- Bone aortgages
» Excess net investaent
-.7
-.1
-.7
.7
.4
.3
.4
-11.8
12.2
.8
-7.5
8.4
-1.6
-11.3
9.6
1.2
-14.1
15.3
1.2
-14.3
15.4
-4.0
-15.8
11.9
(B) Consuaer durables
Expenditures
- Capital consumption
» Met mvestaent
2.6
-3.2
2.7
-2.4
12.2
8.4
9.6
15.3
15.4
11.9
- Consuaer credit
= Excess net investaent
60
61
1.0
-.4
3.5
.6
-.2
3.1
.8
-.4
3.4
1.2
-.5
3.6
1.5
-.5
3.8
1.8
-.5
4.0
(C) Monprofit plant and eguip.
Expenditures
- Capital coasuaption
= Bet investaent
62
63
64
-3.6
3.6
-.5
-3.6
3.6
-3.6
3.6
57
58
59
60
61
1.4
-1.4
62
63
64
1.0
1.4
1-9
.1
V
2.6
65
66
9990.0
9990.0
999 0.0
9990.0
-6.7
-35.6
33.2
264.6
-107.5
100.0
-8. 1
115.0
-126.5
283.1
-303.7
55.5
-275.3
65.2
62.4
-337.4
67
9990.0
9990.0
-26.2
223.7
51.1
91.5
56.6
10.3
24. 1
227.6
68
69
70
71
9990.0
9990.0
9990.0
9990.0
9990.0
9990.0
9990.0
9990.0
21.4
69.6
-116.7
-116.7
-17.6
-2.8
135.5
135.5
44.2
96.5
98.9
109.6
30.7
-227. 1
-88.8
-83.0
5.3
198.7
176.5
201.9
59.9
88.4
213.5
235.0
75.8
532.6
226.5
224.9
-422. 1
-717.8
2556.8
2523.5
-5.9
6.0
7.9
51
52
53
54
55
56
57
58
59
Per cent ratios;
Effective tax rate
Saving rate, MIA basis
Per cent of disposable incoae adj.
72
BILLIOHS OF DOLLABS.
65
66
(2);
Gross saving
67
Capital expenditures
Acquisition of finan. assets
Met increase in liabilities
Credit market barroving
68
69
70
71
5.1
7.2
7.6
-1.5
(2) Disposable incoae adj.
11.7
72
(MIA disposable incoae * govt, insurance credits * capital gains divid.)
QUARTERLY AHOUHTS ABE SEASOBALLI ADJUSTED ANNUAL BATE
SEPTEHBEB 5, 1984
Ronfinancial Corporate Bnsiness
Ronfinancial Corporate Business
Sector Statenents of Saving and Investnent
HETISIOJJS FEOH HAY, 1984
1979
1980
REVISIONS fECM HAY, 1984
1982
1981
1983
1
I
11
III
IV
1
I
II
Ronfinancial Corporate Business, Excluding Faras
1
2
3
4
-5.4
-1.6
•
-3.7
-7.7
3.0
-2. 1
-8.6
-5.6
1.7
-3.5
-3.8
-8.7
*
-3.6
-5. 1
-6.4
1.4
-3.5
-4.3
-3.2
3.0
-3.3
-2.8
-4. 1
2.5
-3.6
-2.9
.2
3.8
-3.7
.3
Profits before tax
1
- Profit tax accruals
- Donestic net dividends
= Donestic undist. profits
2
3
4
5
6
7
8
2.8
-. 1
.1
-.9
3.2
-.2
-1.7
-7.3
.7
-.2
-1.6
-4.9
6.3
-1. 1
-1.2
-1. 1
3.3
-1.4
-.7
-3.0
-2.4
.4
-1.3
-6.1
-4.3
1.3
-3.4
-9.4
—4. 1
1.6
-1.5
-3.7
*
*
*
=
9
10
11
-.3
2.2
-1. 1
-6.2
5.0
-2.0
-1.9
3.4
-2.6
-.3
3.9
-1.5
-.6
5.5
-1.0
-1.6
7.2
-2.9
-5.1
7.3
-.6
3.0
11.3
9.7
2.4
2.3
.1
•
7.3
.2
-1.6
-.7
-.7
-.9
-10.7
-3.6
-3.2
-3.7
.2
.3
-.3
8.1
4.6
-1.7
-1.8
-. 1
.3
6.2
-12.1
2.4
-2.4
-2.6
-.2
.4
4.9
-22.5
-11.9
-5.6
-5.7
-.1
•2
-6.4
-16.1
-9.3
-3.3
-4.7
1.0
.5
-6.0
.6
♦
Capital consuaption adj.
Depreciation charges, RIPA
Earnings rec. fron abroad
O.S. internal funds, book
5
6
7
8
* Fgn. earnings ret. abroad
* Inv. valuation adjnstaent
= lotal internal funds * IVu
9
10
11
4.7
7.0
-5.2
-4.8
-.8
.4
12.2
Gross investnent
Capital expenditures (1)
Fixed investaent
Plant and eguipnent
Hulti-fanily residential
Inventory change ♦ IVA
12
13
14
15
16
17
18
Hineral rts. fron O.S. Govt.
19
Ret financial investnent
20
Ret acg. of financial assets 21
12
13
14
15
16
17
18
19
-2.5
20
21
-2.5
-3.0
-4.5
-2.5
1.6
.2
1.8
8.7
-7.1
-3.2
3.5
-2.2
-14.5
-22.0
-10.6
3.8
-6.9
7.4
-2.3
-5.8
22
23
24
25
26
-.5
-.8
-6.2
2.5
-9.9
6.9
9.5
7.6
-5.0
-5.0
-12.3
-1.5
-2.2
.6
-1.6
24.1
-6.8
11.5
-11. 1
.9
27
28
29
1.4
6.6
-2.0
-4.5
♦
-.2
5.8
.3
3.0
-1.4
-.3
13.6
-1.5
-8.5
23.0
*
4.4
-4.2
-2.3
-3.9
-12.7
14.9
-7.3
-19.6
-1.2
7.9
1.7
8.8
9.6
12.9
4.9
7.9
8.6
.1
-1.8
.5
-2.7
-. 1
.2
.2
.6
2.8
-1.6
-1.6
-2.6
1. 1
-.4
-6.6
-3.9
-3.6
-3.2
-.4
.7
-1.1
3.2
.8
-2. 1
2.8
1.0
-17.8
-2.9
-2.4
-2.6
•1
-2.3
-6.8
-11.2
-6.6
-10.2
3.6
-1.1
-.6
-4.5
-6.1
1.9
-8.0
1.3
-1.3
5.2
5.0
-8.9
13.8
1.4
1.0
1.6
1.6
1.4
1.2
-.3
-. 1
-1.7
1.4
-2.0
-6.3
.3
-.9
39
40
41
-1.4
-.7
6.9
-2.7
3.9
1.9
-5.8
-.2
-7.5
4.6
14.4
5.6
14.3
-2.2
-3.5
-9.0
-3.5
42
43
44
-.7
-2.7
1.9
-.2
4.6
5.6
-2.2
-.3
-.2
•9
3.3
.5
1.0
-1.4
-5.5
3.0
1.4
45
46
47
48
-.4
.1
-.5
-1. 1
*
-1.1
.2
.1
•1
.3
-. 1
.4
-.4
-.2
.2
-.1
.9
-.7
-.6
.9
-2.6
-2.7
5.3
-3.7
-.6
2.6
.5
2.0
6.3
1.1
-3.0
*
.3
-1.0
-2.7
1.7
30
31
32
33
34
35
36
37
38
♦
-2.0
-.5
-.5
«
*
♦
49
50
51
52
53
54
55
56
57
58
-.8
-.5
-.9
insurance receivables
36
Equity in sponsored ags. 37
Other
38
Ret increase in liabilities
Ret funds raised in nkts.
Ret nen eguity issues
54
Profit taxes payable
55
Trade debt
Fgn.direct invest, in O.S. 56
57
Eguity, etc.
58
fietained earnings
2.6
5.6
•6
1.2
-.5
8.9
6.5
1.1
.9
.2
.7
5.3
-.6
-2.0
1.4
59
2.5
4.5
-11.6
-6.3
8.7
-8.4
11.5
20.9
11.0
-1.7
60
61
-1.5
-.6
-.9
-.1
1.6
-4.4
.7
6.3
2. 1
-4.2
3.6
-12.4
-.3
-7.1
-2.5
-6.6
3.1
-.7
-1.3
-1.4
-1.8
3.7
1.1
.9
1.0
3.6
-3.7
-10.3
.1
4.5
-12.0
1.2
4.5
12.6
-.4
-1-8
13.6
3.6
-9.2
-3.1
9990.0
30.2
9990.0 -3286.4
9990.0
-7.6
-38.6
25.9
167.2
-30.9
185.9
-54.7
-.3
-1426.2
-4.2
-21.9
-384.1
189.9
-92.7
731.9
-47.0
-61.4
182.3
23.8
1527.4
235.0
-79.3
68
69
70
7.3
♦
7.3
-.9
-1. 1
.3
-.3
-2.0
1.7
6.2
-2.6
8.8
4.9
-1.5
6.4
-6.4
-1.0
-5.4
-6.0
-2.9
-3.1
12.2
-.6
12.7
71
72
9.7
-.9
-.5
-7.3
-1.6
-4.9
7.2
-1. 1
3.9
-3.0
-11.0
-6.1
73
10.6
6.8
3.3
8.3
6.9
-4.9
Discrepancy
Henorandun itens;
Trade credit net of trade debt
Profits tax paynents
Debt subtotals;
62
Securities and nortgages
63
Loaas and short-tera paper
64
Total short-tera liab. (4)
Per cent ratios;
Effective tax rate
Capital outlays/internal funds
Cr. nkt. borrowing/cap. exp.
(D Capital outlays on book basis;
Inventory change, RIPA
Less; Inv. val. adjustnent
Inventory change before IVA
-6.3
7.6
-3.7
-9.4
Financing gap;
3.0
11.3
Total cap. expend, before IVA
O.S. internal funds, book
Excess of capital expenditures
over U.S. internal funds
(2) Corporate bonds include net issues by Retherlands Antilles subsidiaries,
and O.S. foreign direct investaent is before subtracting reflows of
capital froa Retherlands 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 nortgages.
QOARTBBLI ABOORTS ABE SEASOBALLI ADJUSTED ARROAL BATE
39
40
41
49
50
51
52
53
-2.8
-13.6
4.4
4.9
-.5
BILLIOBS OF DOLLARS.
30
31
32
(2) 33
34
35
Bank loans n.e.c.
Connercial paper
Acceptances
Finance conpnny loans
O.S. Governnent loans
.8
-7.4
1.0
1.6
-.6
9990.0
9990.0
9990.0
Consuner credit
trade credit
Hiscellaneous assets
Foreign dir. invest.
Bguity, etc.
Betained earnings
-3.6
-7.6
6.7
-4.7
2.4
-2.2
1.8
2.1
-.4
65
66
67
27
28
29
26
45
46
47
48
2.1
3.0
4.5
5.6
-1. 1
-1.2
O.S. Govt, securities
lax exeapt obligations
Connercial paper
24
25
Hortgages
Hoae nortgages
Hulti-fanily
Coanercial
-1.8
1.2
1.2
-.5
22
23
42
43
44
-1.2
3.2
3.2
62
63
64
Liguid assets
Denand dep. and currency
line deposits
Security BP’s
Foreign deposits
Debt instruaents
Tax-exeapt debt (3)
Corporate bonds (2)
-.5
.1
Hone construction
68
69
70
71
72
SEPTEMBER 5, 1984
Total Claias
lotal Claias
60
Total Financial Assets and Liabilities
REVISIONS FROM MAY, 1984
1979
1980
REVISIONS FROM MAY, ,984
1981
1982
1983
1983
I
J
I
II
III
IV
|
I
1984
I
11
Total Net Borrowing and Lending in Credit Markets (1)
-.1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Total net borrowing
in credit aarkets
1.0
1.9
8.5
5. 1
-7.6
-32.5
33.6
27.0
-3.4
1.4
3.2
8.8
3.0
1. 4
4.5
3.2
6.9
-2.9
-3.1
.6
-.7
-3.5
8.8
8.2
-1.4
9.7
-2.7
-5.0
3.0
8.7
.6
-1.2
1.9
-7.0
-38.4
-35.2
-3.2
10.3
.5
-.2
4.6
-18.4
14.2
-2.6
16.8
16.9
— .3
-3.8
5.6
-1.6
29.5
21.2
8.3
17. 1
.3
1.8
-2.2
-8.7
1.5
16.7
-15.2
-36.9
3.8
12.9
-5.5
10.6
Doaestic nonfinan. sectors
O.S. Governaent
Private doaestic
Bouseholds
Fara business
Nonfara noncorp. bus.
Corporate business
State+local governaents
2
2.9
6.9
16.b
-9.8
-9.7
1.9
-2.5
-.2
.7
1
*
-.5
*
-1.3
*
-.3
1.2
.9
.1
-6.6
-7.8
-3.2
-3.6
.4
5.4
*
3.4
5.3
14. 1
8.8
-2.7
5.8
-8.3
-5.5
3.1
15.5
-20.4
.5
-1.8
-1.0
Foreign borr. in U.S.
Financial sectors
Sponsored credit agencies
Hortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Reits
10
11
12
13
14
15
16
17
18
-.1
-.5
-1.3
5.5
-5.8
1.4
-.7
*
3.4
-4.4
*
2.2
-.2
4.2
3.8
-4.1
-1.8
.1
-9.9
-8.2
-. 1
19
-.1
1.0
1.9
8.5
5. 1
-7.6
-32.5
33.6
27.0
-3.4
20
21
22
23
24
-19.3
-18.7
-18.3
-22.6
*
5.5
-1.1
-16.6
-31.3
.1
12.9
1.7
-5.5
-6.0
-1.9
2.3
1.9
5.5
*
6.1
-9.8
40.9
32.5
. 1
6.4
1.9
-1.5
21.2
.9
1.2
-24.7
7.3
-2.9
-1.7
17.5
-5.6
-39.2
-28.8
.7
-.5
-10.6
75.3
77.7
.1
-9.8
7.3
.3
♦
.5
-.7
-.7
•
-10.2
4.2
-16.0
-2.4
5.3
-1.1
18.0
-.8
-.6
25
26
♦
♦
Total net lending
in credit aarkets
1
3
4
5
6
7
8
9
19
Private doa. nonfin. sectors
Bouseholds
Nonfara noncorp. business
Corporate business
State * local governaents
20
21
-25.6
3.8
Foreign
U.S. Governaent
25
26
22
23
24
27
28
29
30
19.2
19.3
18.2
#
14.3
*
4.0
.6
.1
-42.5
-2. 1
-3.6
7.0
-12.6
.5
3.4
.2
22.0
9.2
-2.7
-16.2
49.0
-5.1
3. 1
9.0
-57.0
1. 1
-1.8
9.6
Financial institutions
Sponsored credit agencies
Mortgage pools
Federal reserve systea
27
28
29
30
31
32
33
34
35
-.1
-.1
-.5
-.5
-1.3
-1.3
-1.3
-1.3
3.4
.9
-14.7
-14.3
-2.1
-.9
23.7
23.4
6.5
-4.8
-25.2
-18.9
2.5
-.4
-1.2
.3
11.3
-6.3
Coaaercial banking
Coaaercial banks
Fank affiliates
Foreign banking offices
Eanks in U.S. poss.
31
32
33
34
35
36
37
38
39
40
19.3
-.2
-.2
19.7
-.4
-.4
19.5
.6
.6
.1
15.6
.7
.7
♦
-.1
3.2
3.2
•
*
-29. 1
-1.3
.9
-2.2
-14.7
-5.1
-4.9
-.1
8.0
5.3
3.8
1.5
35.5
13.8
13.1
.7
-40.6
-8.3
-2.8
-5.4
Private nonbank finance
Savings institutions
Savings * loan assns.
Hutual savings banks
Credit unions
36
37
38
39
40
41
42
43
44
45
19.5
20.0
18.0
19.5
20.0
18.0
14.6
.1
18.3
-1.9
-1.9
-3.8
-.8
7.7
-2.1
-8.6
-24.6
-3.9
-10.6
-4.7
-5.4
-11.1
-2.9
3.8
-2.9
-9.2
.8
-1.4
,3.7
-1.2
-10.4
19.5
5.0
23.9
.2
-9.6
-14.8
-.7
-14.8
7.0
-6.4
Insurance sector
Life insurance cos.
Private pension funds
St.+loc.govt.rtr.funds
Other insurance cos.
41
42
43
44
45
.1
.1
.8
.9
.3
.4
.6
.4
-3. 1
-3.4
1.4
2.0
1.9
.8
2.2
2.2
-17.5
-4.9
-. 1
-. 1
.2
.3
-.6
1.0
-. 1
-10.3
Finance n.e.c.
Finance coapanies
Reits
Mutual funds
Boney aarket funds
Brokers and dealers
46
47
46
49
50
51
46
47
48
49
50
51
-2.3
(1) Excludes corporate equities.
Total Liabilities and Their Relation to Total Financial Assets
1
11
12
-7.6
33.6
27.0
Net flows through credit aarkets (froa
preceding table)
-3.4
Other financial sources:
Official foreign exchange
-.2
Treasury curr. and SDB ctfs.
8.5
-.1
-1.2
-.6
*
-.1
.1
-.5
.2
-.2
-1.3
*
•
-4.0
1.3
1.2
4.9
.8
-1.6
-27.6
-18.8
-54.2
2.7
-2.4
8.4
-1.2
.6
11.5
45.7
23.6
28.1
-18.3
13.3
-76.7
-.1
-.5
-1.3
-6.3
-.2
1.0
4.3
.3
28.2
14.1
3.0
-7.9
6.0
-1.4
-8.7
-4.2
-.3
-7.4
1.5
*
56.8
-11.8
-1.8
28.6
-1.7
28.3
-.9
16.2
-6.9
36.7
-7.8
19.1
-8.8
7.9
-7.3
19.3
-7.4
30.6
-7.7
18.5
-8.9
-22.7
Life insurance reserves
Pension fund reserves
-.4
-. 1
13. 1
-2.0
-.2
-6.6
.8
-7.6
15.1
5.1
-5.3
-2.2
-12.7
-2.9
-8.1
6.7
5.9
-5.0
1.9
4.6
2.6
-4.0
20.5
-28.9
.8
.6
8.0
8.9
3.6
2.1
51.2
1.2
3.4
6.7
.8
-17.9
-4.6
Interbank claias
13
14
Corporate eguities
Security credit
15
16
Trade debt
17
Profit taxes payable
Noncorp, proprietors* eguity 18
19
Miscellaneous
-32.5
13
14
15
16
17
18
19
-.5
-1.2
-3.0
3.6
•
-3.6
3.3
.1
3.5
4.3
2. 1
-4.7
21.6
-1.2
-2.9
.1
-1.7
2.4
-4.0
11. 1
20
29.8
25.4
14.8
56.9
25.0
-23.6
-37.1
82. 1
78.8
-12.8
-.1
-.6
2.5
.5
«
4.5
-2.2
-.7
.3
7.0
6.9
3.0
-3.0
-2. 1
1.3
-1.9
-3.9
13.4
-.7
7.3
15.1
21
22
23
1
1-9
2
3
4
5
6
7
8
9
10
5. 1
1.0
-.1
1.5
.6
-1.2
♦
«
24
25
26
27
28
♦
*
•
-1.3
-.1
-.5
.7
.1
-1.4
1.7
3. 1
-10.3
.7
16.5
-.7
-1.0
-11.2
1.4
21.9
-.7
5.2
5.0
2.8
19.7
-.7
1.0
-5.8
-.6
4.0
-.7
-7.7
-14.9
-.7
48.2
-.7
-2.4
-29.2
3.9
15.9
-.6
42.2
-16.8
.1
-41. 1
29
27.7
25.3
12.7
46.8
10.1
-53.1
-51.8
61.6
83.8
-18.3
BILLIOHS OF DOLLARS.
QUARTERLY AMOUNTS ARB SEASOHALLX ADJUSTED ANNUAL RATE
2
3
Deposits at financial insts. 4
5
Checkable deposits
6
Saall tiae ♦ savings dep.
7
Boney aarket fund shares
6
Large tine deposits
9
Security RP's
10
Foreign deposits
Total financial sources
- Floats not incl. ia assets
Deaand dep.: O.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security RP’s
Profit taxes payable
Miscellaneous
Totals allocated to sectors
as assets
11
12
20
21
22
23
24
25
26
27
28
29
SBPTEHBER 5, 1984
Credit Market Debt
Credit Harket Debt
Summary o£ Credit Market Deot Cutstanding
61
YEAR-EHD LEVELS
1972
1973
YEAR-EHD LEVELS
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
Credit Market Debt Owed by Nonfinancial Sectors
lotal credit aarket debt owed by
5255.3 doaestic nonfinan. sectors
1
991.4
987.7
3.7
1177.9
1174.4
3.6
O.S. Governaent
Treasury issues
Agency issues ♦ aortgages
2
3
4
3498.3
3737.5
4077.3
Private doaestic
nonfinancial sectors
2177.0
351.9
365.1
2336.0
374.6
386.9
2486.6
426.4
405.5
2725.9
484.6
421.3
1324.9
881.5
126.9
233.9
82.7
1460.0
978.2
135.8
254.0
92.0
1574.5
1058.9
135.3
278.6
101.7
1652.7
1105.7
139.6
300.7
106.7
1820.0
1214.4
147.9
348.0
109.6
Hortgages
Bone aortgages
Hulti-faaily resid.
Coaaercial
fara
9
10
11
12
13
819.9
284.5
337.9
25. 4
172. 1
955.6
333.9
383.4
36.5
201.8
1028.5
370.5
389.7
41.7
226.6
1162.3
425.0
416.4
60.9
260.0
1250.9
479.9
441.7
57.9
271.5
1351.4
507.2
493.0
56.7
294.6
Other debt instruaents
Bank loans n.e.c.
Consuaer credit
Open-aarket paper
other
14
15
16
17
18
2281.5
245.5
1012.2
2591.9
262.0
1182.5
2940.7
279.6
1362.5
3205.5
296.9
1487.0
3498.3
303.0
1619.2
3737.5
334.3
1712. 1
4077.3
371.0
1887.5
By borrowing sector:
State * local governaents
Households
19
20
21
912.2
93.4
227.3
591.5
1023.9
105.6
255.6
662.6
1147.3
120.3
286.0
741. 1
1298.5
141.6
320.4
836.5
1421.7
156.0
353.7
912.0
1576.1
172.3
389.0
1014.8
1691. 1
179.9
425.8
1085.4
1818.8
184.2
489.6
1144.9
Bonfinancial business
fara
Honfara noncorporate
Corporate
22
23
24
25
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
182.5
47.0
48.7
37.8
49.0
209.6
47.8
60.2
48.0
53.6
237.0
53.3
64.1
61.9
57.8
226.4
59.9
29.4
74.9
62. 1
245.2
63.7
34.3
80.9
66.3
foreign credit aarket debt
held in D.S.
Bonds
Bank loans n.e.c.
Open-aarket paper
D.S. Governaent loans
26
27
28
29
30
2380.0
2643.2
2978.0
3380.0
3786.7
4157.9
4565.4
4955.3
1
1730.9
1919.1
2094.2
2286.8
2532.6
2854.1
3218.1
3604.2
3948.3
4326.4
4728.9
2
3
4
340.8
331.5
9.3
349. 1
339.4
9.6
360.8
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
5
1390.1
1570. 1
1733.4
1842.6
2016.9
2281.5
2591.9
2940.7
3205.5
6
7
8
968.5
176.5
198.3
1072.8
191.2
207.5
1173. 1
207.7
227. 1
1275.8
223.8
254.3
1399.4
239.5
277.2
1572.3
262.9
300.0
1772.0
291.3
321.2
1985.0
321.6
338.5
9
10
11
12
13
593.7
365. 1
81.0
111.8
35.8
674.1
410.8
91.4
130.7
41.3
738.3
447.9
98.3
145.8
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
1159.6
759.9
119. 1
209.7
70.8
14
15
16
17
18
421.6
158.3
177.6
10.6
75.0
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
248.9
289. 1
24.3
146.9
19
20
21
1390.1
181.4
591.0
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
22
23
24
25
617.8
57.2
148.0
412.5
705.9
66.9
177.7
461.3
800. 0
74.7
197.8
527.4
843.5
83.2
211.9
548.5
26
27
28
29
30
60.6
16.0
9.7
3.2
31.7
67.0
17.0
12.5
4.2
33.4
79.8
19. 1
16.5
11.4
32.8
31
1791.6
1986.2
2174.0
Debt capital instrunents
Tax-exeapt obligations
Corporate bonds
5500.5 Total nonfinan.doaestic ♦ fgn
5
6
7
8
31
Credit Harket Debt Owed by Financial Sectors
Total credit aarket debt owed
by financial sectors
1
148.2
194.0
232.6
239.9
261.1
307. 1
381. 1
464.7
527.6
611.7
683.4
774.3
2
3
4
5
57.9
43.5
14.4
-
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
O.S. Governnent-related
Sponsored credit ag. sec.
Hortgage pool securities
Loans froa O.S. Governaent
6
7
8
9
10
11
90.3
33.0
1.2
20.4
27.8
8.0
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
198.5
71.2
2.5
28.3
63.9
32.7
232.9
79.0
2.6
27.7
81.8
41.8
251.0
86. 1
2.4
26.9
86.6
49.0
287.7
85.3
1.9
27.7
107.6
65.2
294.5
87.8
2.0
29.6
109.1
66.0
317.6
105.1
2. 1
29.5
122.1
59.0
Private financial sectors
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Bank loans
12
13
14
148.2
43.5
14.4
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
381. 1
112.2
70.4
464.7
137.0
94.8
527.6
162.6
114.0
611.7
195.0
129.0
683.4
210.4
178.5
774.3 Total, by sector
211.8
Sponsored credit agencies
244.9
Mortgage pools
12
13
14
15
16
17
18
19
20
90.3
4.1
6.8
9.5
61.1
8.8
116.2
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
161.5
5.7
22.4
24.3
97.9
11.3
198.5
5.9
29.5
37.8
115.7
9.7
232.9
6.1
36.0
50.3
132.1
8.4
251.0
6.3
42.9
57.8
137.9
6.2
287.7
6.2
51.2
73.4
150.5
6.4
294.5
6.8
53.3
75.9
152.2
6.4
317.6
6.6
61.9
73.2
169.4
6.6
Private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Reits
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
1939.8
2180.2
2406.7
2619.9
2904.3
3285.0
3761. 1
4251.4
4685.5
5177.1
5636. 7
6274.8 Total credit aarket debt
1
2
3
4
5
397.4
176.5
247.3
596.2
42 5.7
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
1162.9
893.2
321.6
464.4
1328.2
1016. 1
351.9
499. 1
1463.0
1149.1
374.6
525.4
1576.9
1375.0
428.4
553.3
1655.0
1629.4
484.6
590.0
1822.3
D.S. Governaent'securities
Tax-exeapt obligations
Corporate and foreign bonds
Hortgages
2
3
4
5
6
7
8
9
177.6
188.5
41.6
114.7
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
389.7
457.6
176.3
331.9
416.4
516.8
230.3
387.6
441.7
538.9
241.9
404.6
493.0
570.9
259.7
424.9
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
6
7
8
9
Heao:
10
11
12
13
37.4
221.3
58.9
1138.1
29.5
264.2
46.6
901.4
24.7
211.3
35.2
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. 1
60.1
470.8
63.8
1504.7
66.6
463.0
89.5
172 1.0
Selected
90.5
520.7
129.3
2022.2
claias not included above:
Security credit
Trade credit
Butual fund shares
Other corporate eguities
10
11
12
13
SEPTEMBEB 5, 1984
Credit Market Supply of Funds
Credit Market Supply of Funds
Direct and Indirect Sources of Funds to Credit Markets
YEAB-END LEVELS
IE4P-END LEVELS
—
1
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1730.9
1919.1
2094.2
2288. 8
2532.6
2854.1
3218. 1
3604.2
3948.3
4328.4
1982
1983
Total credit Barret debt claias against
4728.9 5255.3
doa. nonfinancial sectors
1
By Federal agencies and foreign
1107.9 Total held
330.2
O.S. Governaent securities
Besidential aortgages
366.9
FHLB advances to s+l's
59.0
Other loans and securities
351.9
2
3
4
5
6
258.7
127.2
42.3
8.0
81.2
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
610.5
258.0
137.5
32.7
182.3
687.3
251.7
174.6
41.8
219.1
784.2
267.4
206.3
49.0
261.5
881.9
284.6
229.8
65.2
302.3
990.8
302.6
290.8
66.0
331.4
7
8
9
10
11
258.7
62.4
63.4
71.3
61.6
290.4
65.1
82.5
80.6
62.2
339. 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
610.5
120.6
198.3
119.2
172.4
687.3
140.0
252.6
126.9
167.8
784.2
163.6
298.2
131.4
191.0
881.9
187.6
346.4
140.5
207.3
12
13
57.9
60.6
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
182.5
276.6
209.6
324.0
237.0
990.8
1107.9 By type of lenders
213.0
O.S. Governaent
203.4
411.6
481. 1
Govt.-related ag. and pools
Honetary authority
150.3
161.2
225.4
252.5
Foreign
Agency and foreign debt not in line 1:
Spons. credit ag.+ntg. pools
388.9
456.7
226.4
245.2
Foreign
14
15
16
17
18
19
20
1590.8
270.2
176.5
211.3
405.2
53 5.6
8.0
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
2952.1
549. 1
291.3
353. 1
742.3
1049.1
32.7
3331.2
641.5
321.6
371.6
834.5
1203.9
41.8
3650.3
748.6
351.9
390.9
908.2
1299.6
49.0
4007.5
864.5
374.6
409.7
964.9
1459.0
65.2
2
3
4
5
6
7
8
9
10
11
12
13
Private doaestic boldings
4353.4
1072.4
428.4
424.5
954.8
1539.3
66.0
4849.3 Total private holdings
O.S. Governaent securities
1299.2
Tax-exeapt obligations
484.6
Corporate + foreign bonds
439. 1
995.8
Besidential aortgages
1689.5
Other nortgages and loans
59.0
Less: FHLB advances
14
15
16
17
18
19
20
Private financial internediation
Credit aarket clains held by
private finan. institutions
Connercial banking
Savings institutions
Insurance and pension funds
ether finance
21
22
23
24
25
1327.2
568.3
334.6
326.8
97.6
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
442.8
124. 1
1959.0
809.2
515.8
498.5
135.5
2222.4
897. 0
594.3
571.6
159.6
2538.6
1025.4
667. 1
661. 1
185. 1
2850.5
1146.3
723.8
746.9
233.5
3132.4
1246.8
778.7
841.3
265.7
3455.0
1349.1
806.6
937.7
361.7
3706.4
1427.9
825.5
1046.5
406.6
4085.7
1563.9
962.3
1145.7
413.8
26
27
28
1327.2
808.9
90.3
1496.0
905.0
116.2
1629.4
968.0
134.0
1763.6
1062.9
131.0
1959.0
1185.9
138.0
2222.4
1324.8
161.5
2538.6
1467.4
198.5
2850.5
1603.5
232.9
3132.4
1777.6
251.0
3455.0
1989.6
287.7
3706.4
2157.2
294.5
26
4085.7 Sources of funds
Private doaestic dep. + BP's 27
2360.5
Credit aarket debt
317.6
28
29
30
31
32
33
428.0
25.3
10.9
260.6
131.3
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
872.6
34.2
14. 1
534.2
290. 1
1014.1
61.5
14.5
606. 1
332.0
1103.8
39.8
11.9
688.9
363. 1
1177.8
31.2
10.8
780.3
355.5
1254.7
-18.3
16.9
883.7
372.5
1407.5
3.7
11.5
980.7
411.6
34
35
36
37
38
39
353.9
131.5
54.4
51.2
19.8
97.0
393.8
148.6
59.8
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
612.0
252.7
83.6
65.2
42.9
167.6
713.6
307.0
93.7
64.0
51.4
197.4
768.9
331.6
100.4
58.3
48.2
230.4
840.2
361.1
111.4
50.4
50.9
266.5
941.5
399.4
145. 1
45.7
57.0
294.4
40
41
42
868.9
57.9
189.1
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
299.8
43
44
545.3
-
585.3
622.7
2.4
720.5
3.7
841.9
3.7
935.4
3.9
1001.3
10.8
1060.7
45.2
1143.6
74.4
45
46
47
71.8
2.7
2.2
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
48
1222.8
1364.0
1479.2
1620.5
1791.7
1977.8
2190.0
49
50
51
14.4
83.4
86.9
14.6
84.3
9 0.6
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. 1
86.0
206.5
21
22
23
24
25
Other sources
29
30
Foreign funds
31
Treasury balances
Insurance and pension res. 32
33
Other, net
Private doaestic nonfinancial investors
1081.3 Credit aarket claias
488.4
O.S. Governaent securities
187.7
Tax-exeapt obligations
Corporate + foreign bonds
45.0
60.8
Cpen-aarket paper
299.4
Other
34
35
36
37
38
39
2305.8
136.6
315.6
2528.3 Deposits and currency
150.9
Currency
337. 1
Checkable deposits
40
41
42
1190.6
181.9
1328.8
206.6
1547.9
162.5
240.9
36.9
14.0
277.9
39.4
14.5
263.0
43.3
12.0
255.4
57.5
16.8
2437. 1
2678.0
2971.2
3247.3
18.2
85.6
229.3
18.9
85.8
230.9
19.3
86.2
238.5
20.0
85.1
207.1
Saali tiae and savings dep.
Money aarket fund shares
43
44
Large tiae deposits
Security BP's
Foreign deposits
45
46
47
Total of credit aarket instrunents, deposits ♦ currency
3609.5
20. 1 Public support rate (X)
84.3 Pvt. finan. internediation (X)
256.2 Total foreign funds
46
49
50
51
Corporate Equities Not Included Above
1
2
3
1197.1
58.9
1138.1
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
1635.6
63.5
1572. 1
1568.5
63.8
1504.7
1810.5
89.5
1721.0
2151.5 Total aarket value
129.3
Hutual fund shares
2022.2
Other eguities
1
2
3
4
5
249.3
947.8
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
1252.8
369.6
1198.9
458.9
1351.6
588. 1 Acq. by financial institutions
1563.4 Other holdings
4
5
SEPTEMBEB 5, 1984
Households
Households
63
Sector Stateaents of Financial Assets and Liabilities
TEAB-EMD LEVELS
TE1B-EHD LEVELS
1973
1972
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
Households, Personal Trusts, and nonprofit Organizations
1
2382.4
2296.8
2201.0
2558.9
2899.7
3076.5
3364.5
3850.0
4532.0
4826.3
5377.3
6057.5 Total financial assets
2
3
4
5
6
7
967.1
710.6
142.5
545.3
22.8
1077.9
787.1
156.4
585.3
45.4
1178.2
847.8
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
1767.5
1321.5
228.3
996.9
10.8
85.5
1975.1
1450.4
249.4
1056.9
45.2
98.8
2181.0
1620.7
264.0
1140.2
74.4
142.0
2433.9
1830.2
299.4
1187.1
181.9
161.7
2645.6
1983.3
315.9
1323.8
206.6
137.0
2916.4
2177.6
355.7
1537.6
162.5
121.7
8
256.5
290.8
330.4
354.7
376.9
406.7
446.0
524.8
560.4
603.7
662.3
9
10
11
12
13
91.9
78,9
57.7
21.3
12.9
108.7
95.2
60.4
34.9
13.4
127. 2
111.3
63.3
48.0
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
184. 1
156.8
80.7
76. 1
27.3
226.8
181.6
79.9
101.8
45.2
240.2
188.2
72.5
115.6
52. 1
264.8
208.2
68.2
140.0
56.5
277.3
226.2
68.3
157.9
51.1
14
15
16
17
48.4
51.2
59.5
5.5
53.7
51.5
63.1
13.8
61.9
54.6
70.0
16.9
68.1
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
105.9
18. 1
83.2
64. Q
125.9
24.7
89.9
58.3
148. 1
23.8
100.8
50.4
171.2
16.5
18
19
20
908.7
58.9
849.8
705.7
46.6
659. 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
892.3
51.2
841.1
1188.2
63.5
1124.8
21
22
23
24
143.9
326.4
5.0
31.3
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
25
621.1
697.7
752.2
808.0
907.4
1051.7
1225.8
1409.8
2
3
4
5
6
7
738.8
Credit aarket instrunents
8
328.3
268.7
71.5
197.2
59.5
O.S. Govt, securities
Treasury issues
Savings bonds
Other Treasury
Agency issues
9
10
11
12
13
132.8
45.7
191.7
14.7
173.8
45.0
183.8
7.9
Tax-exeapt obligations
Corporate aad fgn. bonds
Bortgages
Open-narket paper
14
15
16
17
1134.3
63.8
1070.5
1274.8
89.5
1185.4
1466.2
129.3
1336.9
Corporate egaities
Butual fund shares
Other corporate eguities
18
19
20
216.4
859.1
14.8
72.4
225.6
941.2
12.7
78.5
232.8
1122.7
16.0
85.3
240.8
1322.3
19.3
92.5
Life insurance reserves
Pension fund reserves
Security credit
Biscellaneous assets
21
22
23
24
1544.3
,679.3
1778.7
1975.7 Total liabilities
26
27
28
29
591.0
358.0
133.2
44.5
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
1182.5
746.5
273.6
64.3
1362.5
869.2
312.0
71.3
1487.0
967.5
314.9
74.8
1619.2
1051.0
335.7
80.7
1712.1
1096.9
355.8
85.9
1887.5
1200.1
396.1
96.9
30
31
32
33
21.5
10.1
23.6
.4
22.6
13.5
26.2
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
26.8
54.7
21.1
33.8
31.2
65.8
29.4
36.4
34.4
73.2
40.6
38.9
38.4
76.5
34
35
17.5
6.6
13.2
7.3
11.4
8.3
12.1
9.4
17.2
10.5
18.5
11.7
19.7
13.2
20.7
14.9
27.2
17.2
25.6
19.8
28.8
22.2
48.1
24.0
36
6.0
6.4
7.1
7.7
8.4
9.3
10.3
11.7
12.9
14.7
15.5
16.1
1
Dep. ♦ cr. akt. instr. (1)
Deposits
Checkable deposits+curr.
Snail tine * svgs. dep.
Boney narket fund shares
Large tiae deposits
Credit narket instrunents
Hoae nortgages
installnent cons, credit
Other consuaer credit
Tax-exenpt debt
Other aortgages
Bank loans n.e.c.
Other loans
Security credit
Trade credit
Deferred and unpaid life
insurance preniuas
(1) Excludes corporate equities.
25
26
27
28
29
30
31
32
33
34
35
36
SEPTEMBER 5, 1984
Nonfinancial Corporate Business
Nonfinancial Corporate Business
Nonfinancial Corporate Business
64
YEAR-END LEVELS
1972
1973
YEAR-END LEVELS
1974
1975
197b
1977
1978
1979
iy80
1981
1982
1983
Nonfinancial Corporate Business
1
455.5
526.0
516.7
557.6
611.9
671.7
764.4
888.6
993-4
1057.6
1085.9
2
3
5
6
88.0
44.9
11.9
2.7
2.2
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
194.2
73. 1
39.9
22.9
14.0
212. 1
62.5
54.8
22.9
14.5
239.2
72.0
60.0
26.6
12.0
287. 1
71.5
76.6
37.9
16.8
Liguid assets
Denand deposits * currency
Tine deposits
Security BP’s
Foreign deposits
2
3
4
5
6
7
8
9
7.9
4.2
14.2
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
16.5
3.5
24.4
19.5
3.5
34.3
22.7
3.5
42.2
27.2
4.2
52.9
U.S. Governnent securities
Tax-exenpt obligations
Connercial paper
7
8
9
10
11
20.2
228.0
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
497.8
33. 1
485.9
36.5
543.5
Consuner credit
Trade credit
10
11
12
13
14
15
16
119.3
81.5
13.7
.4
23.7
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
292.3
208.5
43.6
.6
39.6
315.3
222.8
47.3
.6
44.5
327.8
227. 1
50.0
.7
49.9
346.7
235.7
54.3
.7
56.0
Miscellaneous assets
Foreign direct invest. (1)
Insurance receivables
Eguity in spons. agencies
Other
12
13
14
15
16
17
18
19
20
21
22
23
24
636.9
412.5
.6
198.3
64.1
3.5
24.5
36. 1
732.6
461.3
2.4
207.5
65.9
3. 1
26.9
35.9
743-4
527.4
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
1362.9
912.0
45.9
365. 1
80.0
5.3
40.6
34.0
1506.9
1014.8
59.3
386.9
78. 1
4.0
41.4
32.7
1587.8
1085.4
74.5
405.5
76.8
4.4
40.8
31.6
25
26
27
28
29
120.6
7.0
1.8
18.2
1.8
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
78.5
8.4
341.9
42.7
9. 1
87.2
9.6
383.0
38.2
9.8
86.7
10.9
401.9
37.7
9.5
100.5
10.4
30
3 1
32
13.3
196.2
14.9
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
68.4
18.5
383.2
90.4
4.5
376.0
121.9
9.8
427.0
133.5
33
31.8
31.7
69.4
68.9
77.4
91.5
96.4
112.0
119.8
114.7
109.9
116.4 Heno:
4
1213.7 Total financial assets
1715.2 Total liabilities
Credit narket instrunents
1144.9
83.9
Tax-exenpt debt (2)
421.3
Corporate bonds (1)
79.7
Mortgages
7.2
Bone mortgages
eulti-fanily
41.6
30.9
Connercial
Bank loans n.e.c.
Connercial paper
Acceptances
Finance company loans
U.S. Governnent loans
Profit taxes payable
Trade debt
Fgn. direct invest, in U.S.
Net 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
263.0
149.5
359.0
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
421.0
803.5
524.3
490.5
892.2
556.8
528.6
909. 1
37
38
39
63.8
36.2
24.5
59.8
40.2
23. 1
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
53.8
46.2
24.2
51.7
48.3
23.8
51.3
48.7
26.3
584.9 Securities1 and aortgages
560.0 Loans and short-tera paper
996.8 Total s-t liabilities (3)
34
35
36
Per cent ratios;
51. 1 L-t debt/credit narket debt
48.9 S-t debt/credit narket debt
28.8 Liguid assets/s-t liabil.
(1) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and O.S. foreign direct investnent is before subtracting reflows of
capital from Netherlands Antilles subsidiaries1 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-tern paper, profit
taxes payable, and trade debt.
Includes loans due in
nore than one year and excludes current aaturities of
securities and nortgages.
37
38
39
SEPTEHBE1 5. 198*
Total Claias
total Claias
Total Financial Assets and Liabilities
65
IBIB-EMD LEVELS
'972
IBAB-BMD LEVELS
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
Credit flarxet Oebt Oatstanding (1)
1
1939.8
2180.2
2406.7
2619.9
2904.3
3285.0
3761. 1
4251.4
4685.5
5177.1
5638.7
2
3
4
5
6
7
8
9
1730.9
340.8
1390.1
591.0
57.2
148.0
412.5
181.4
1919. 1
349. 1
1570.1
67 0.9
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
2532.0
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
3218.1
626.2
2591.9
1182.5
120.3
286.0
741. 1
262.0
3604.2
663.6
2940.7
1362.5
141.6
320.4
836.5
279.6
3948.3
742.8
3205.5
1487.0
156.0
353.7
912.0
296.9
4328.4
830.1
3498.3
1619.2
172.3
389.0
1014.8
303.0
4728.9
991.4
3737.5
1712.1
179.9
425.8
1085.4
334.3
10
11
12
13
14
15
16
17
18
60.6
148.2
43.5
14.4
4.1
6.8
9.5
61. 1
8.8
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
381.1
112.2
70.4
5.9
29.5
37.8
115.7
9.7
182.5
464.7
137.0
94.8
6.1
36.0
50.3
132.1
8.4
209.6
527.6
162.6
114.0
6.3
42.9
57.8
137.9
6.2
237.0
611.7
195.0
129.0
6.2
51.2
73.4
150.5
6.4
226.4
683.4
210.4
178.5
6.8
53.3
75.9
152.2
6.4
6274.8 Total credit akt. debt
owed by:
5255.3
Doaestic nonfinan. sectors
1177.9
O.S. Governaent
4077.3
Private doaestic
1887.5
households
184.2
Fara business
489.6
Monfara noncorp. bus.
1144.9
Corporate busiaess
371.0
State+local governaents
24S.2
774.3
211.8
244.9
6.6
61.9
73.2
169.4
6.6
19
1939.8
2180.2
2406.7
2619.9
2904.3
3285.0
3761.1
4251.4
4685.5
5177.1
5638.7
20
21
22
23
24
353.9
256.5
10.3
46.5
40.6
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
61.3
48.2
516.6
376.9
14.5
69.4
55.9
554.4
406.7
15.5
64.0
68.3
612.0
446.0
16.9
67.7
81.4
713.6
524.8
18.7
72.9
97.3
768.9
560.4
19.1
74.2
115.2
840.2
603.7
21.8
89.8
124.9
941.5
662.3
23.6
101.6
154.0
25
26
61.6
62.4
62.2
65.1
73.4
72.3
79.5
85.8
94.7
93.8
134.3
103.6
172.4
120.6
167.8
140.0
191.0
163.6
207.3
187.6
225.4
203.4
252.5
213.0
27
28
29
30
1461.9
49.0
14.4
71.3
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
2856. 1
127.9
70.4
119.2
3230.0
157.8
94.8
126.9
3561.9
184.2
114.0
131.4
3942.0
217.4
129.0
140.5
4268.3
233.1
178.5
150.3
31
32
33
34
35
568.3
552.5
2.6
11.2
1.9
652.9
631.0
4.3
15.6
2.0
720.0
689.8
4.9
22.8
2.5
74 9.4
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
36
37
38
39
40
759.0
334.6
222.0
92.4
20.1
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
1513.2
667.1
470.8
143.4
52.9
1704.3
723.8
520.0
148.0
55.8
1885.6
778.7
566.2
1S4.3
58.2
41
42
43
44
45
326.8
192.5
38.6
57.4
38.3
355.0
204.8
4 5.4
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. 1
318.9
124.1
117.8
100.2
746.9
352.3
152.4
128.6
113.7
46
47
48
49
50
51
97.6
76.0
10.4
6.3
5.0
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
185. 1
153.1
5.8
13.7
5. 1
7.2
233.5
180.2
4.9
15.6
24.9
7.9
Foreign
Financial sectors
Sponsored credit agencies
Bortgage pools
Coaaercial banks
Bank affiliates
Saviags aad loan assns.
Finance coapanies
Beits
6274.8 Total credit aarket assets
held by:
Private doa. nonfin. sectors
1081.3
Households
738.8
Moafara noacorp. busiaess
27.3
Monfin. corporate busiaess
120.8
State ♦ local governaents
194.4
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Foreign
U.S. Covernaeat
25
26
4728.0
236.2
244.9
161.2
Financial institutions
Sponsored credit agencies
Bortgage pools
Federal Beserve systea
27
28
29
30
1427.9
1354.6
2.9
66.5
3.9
1563.9
1489.2
2.7
67.7
4.4
Coaaercial banking
Coaaercial hanks
Sank affiliates
Foreign banking offices
Banks in B.S. poss.
31
32
33
34
35
2106.0
806.6
589.1
155.8
61.8
2278.5
825.5
602. 1
151.0
72.4
2521.7
962.3
703.8
169.4
85.1
Private nonbank finance
Savings institutions
Savings ♦ loaa assas.
Butual saviags banks
Credit uaioas
36
37
38
39
40
841.3
385.1
183.1
149.5
123.5
937.7
419.8
214.0
172.0
132.0
1046.5
463.2
249.7
196.6
137.0
1145.7
514.4
276.6
216. 1
138.6
265.7
194. 1
4.2
20.5
39.8
7.2
361.7
221.1
3.1
25.7
102.3
9.5
406.6
230.5
2.4
39.4
123.7
10.5
413.8
254.8
2.1
54. 1
102.4
.5
Insurance
Life insurance cos.
Private pension funds
St.+loc.govt.rtr.funds
Other insurance cos.
41
42
43
44
45
Finance n.e.c.
Finance coapanies
Beits
Butual funds
Honey aarket funds
Brokers and dealers
46
47
48
49
50
51
(1) Excludes corporate eguities.
Total Liabilities and Their Relation to total Financial Assets
Total credit akt. debt
(froa preceding table)
1
1
1939.8
2180.2
2406.7
2619.9
2904.3
3285.0
3761.1
4251.4
4685.5
5177. 1
5638.7
6274.8
2
3
.7
7.0
.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
Official foreign exchange
Treasury curr. and SOB ctfs,
2
4
5
6
7
8
9
10
931.7
283.6
549.5
86.9
9.5
2.2
1044.8
301. 1
588.7
126.0
25.7
3.3
1134.1
308.0
626.4
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
381.7
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
2852.4
576.3
1558.3
162.5
355.6
160.9
38.7
Oeposits at financial insts.
Checkable deposits ♦ curr,
Saall tiae + svgs. dep.
Boney aarket fund shares
Large tine deposits
Security BP's
Foreign deposits
4
5
6
7
8
9
10
11
12
143.9
326.4
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. 1
225.6
941.2
232.6
1122.7
240.8
1322.3
Life insurance reserves
Pension fund reserves
11
12
13
14
15
16
37.4
221.3
15.7
249.7
29.5
264.2
18.2
287.0
24.7
211.3
19.4
318.5
28.S
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
521.4
46.7
392.9
32.1
608.7
59.2
440. 1
28.9
682.0
60.1
470.8
20.6
790.0
66.6
463.0
6.5
871.9
90.5
520.7
11.8
944.6
Security credit
Trade debt
Profit taxes payable
Biscelianeous
13
14
15
16
17
18
19
44.6
58.9
3977.2
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
7323. 4
60.6
51.2
8293.9
interbank claias
15.4
-19.3
-4.9
31.1
Butual fund shares
63.5
63.8
89.5
129.3
9239.4 10214.6 11137. 1 12416.8 Total liabilities above
20
21
1138.1
55.9
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
1572.1
72.1
1504.7
75.9
1721.0
75.9
2022.2
75.9
♦ Finaacial assets sot
included is borrowing
Other corporate eguities
Cold aad SOB's
20
21
22
23
24
-.2
27.6
-24.0
.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
-86.8
-2.2
40.7
89.7
-.8
40.9
*93.8
- Floats not iacl. ia assets
Beaand dep.: O.S. Covt.
Other
trade credit
22
23
24
25
26
27
28
29
-1.7
-2.4
4.4
4.2
21.7
-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
51.9
5384.7
6045.3
6783.7
7401.4
8322.4
30 5141.7 5328.2
Other liabilities:
- liabilities aot allocated
as assets
Treasury currency
Interbank claias
Security IP's
Profit taxes payable
Biscelianeous
Totals allocated to sectors
as assets
9491.7 10859.1 11765.7 12914.2 14498.2
-2.6
-10.1
39.9
6.7
65.4
-2.8
-13.5
48.3
7.3
44. 1
-3.0
-15.9
43.5
8.0
48.0
-3.2
e
37.8
7.9
28.5
-3.4
-1.1
38.1
8.0
28.9
3
17
18
19
25
26
27
28
29
30
@FedFRASER