Page 1

For use at 12:00 p.m., eastern time Thursday June 11, 2009

FEDERAL RESERVE statistical release Z.1

Flow of Funds Accounts of the United States Flows and Outstandings First Quarter 2009

Board of Governors of the Federal Reserve System, Washington DC 20551


Flow of Funds Summary Statistics First Quarter 2009 C

Debt of the domestic nonfinancial sectors is estimated to have expanded at a seasonally adjusted annual rate of 4 percent in the first quarter of 2009, about 2 percentage points less than in the previous quarter. The deceleration was concentrated in the business and federal government sectors.

State and local government debt increased at an annual rate of 5 percent last quarter, following a small decline during the previous quarter. Federal government debt growth slowed to 23 percent in the first quarter, following two quarters of growth rates of nearly 40 percent.

Household debt contracted for the second consecutive quarter, although at a slower pace than in the fourth quarter of 2008. In the first quarter, home mortgage debt growth was about zero, while consumer credit contracted at an annual rate of 3½ percent, similar to the rate in the fourth quarter.

At the end of the first quarter of 2009, the level of domestic nonfinancial debt outstanding was $33.9 trillion; household debt was $13.8 trillion, nonfinancial business debt was $11.2 trillion, and total government debt was $9.0 trillion.

Nonfinancial business debt decreased ¼ percent at an annual rate in the first quarter, its lowest growth rate since early 1993. The slowdown was concentrated in commercial paper, loans, and commercial mortgage borrowing.

Household net worth—the difference between the value of assets and liabilities—was an estimated $50.4 trillion at the end of the first quarter of 2009, $1.3 trillion dollars less than at the end of 2008.

Percent Change of Domestic Nonfinancial Debt Quarterly data are seasonally adjusted annual rates P

State and local govts. 3.3 1.4 8.8 11.1 8.3

Federal

Total

Households

Business

1999 2000 2001 2002 2003

6.4 5.0 6.3 7.3 8.1

8.4 9.1 9.6 10.8 11.6

10.8 9.3 5.8 2.6 2.5

2004 2005 2006 2007 2008

8.9 9.5 9.0 8.7 5.9

11.1 11.0 10.1 6.6 0.4

6.2 8.7 10.5 13.5 5.1

7.4 10.2 8.2 9.3 1.8

9.0 7.0 3.9 4.9 24.2

2008:Q1 Q2 Q3 Q4

5.4 3.2 8.3 6.2

3.0 0.4 0.1 -2.0

7.5 6.1 5.0 1.5

3.5 0.9 3.2 -0.4

8.1 5.9 39.2 37.0

-0.3

4.9

22.6

2009:Q1 4.1 -1.1 Note. Changes shown are on an end-of-period basis.

-1.9 -8.0 -0.2 7.6 10.9


Table of Contents

Title

Table

Page

Flow of Funds Accounts, First Quarter 2009

1

Availability of Data for Latest Quarter

3

Debt Growth by Sector

D.1

6

Borrowing by Sector

D.2

7

Debt Outstanding by Sector

D.3

8

Flows Table Page

Levels Table Page

Total Net Borrowing and Lending in Credit Markets

F.1

9

L.1

58

Credit Market Borrowing by Nonfinancial Sectors

F.2

10

L.2

59

Credit Market Borrowing by Financial Sectors

F.3

10

L.3

59

Credit Market Borrowing, All Sectors, by Instrument

F.4

11

L.4

60

Total Liabilities and Its Relation to Total Financial Assets

F.5

11

L.5

60

Distribution of Gross Domestic Product

F.6

12

Distribution of National Income

F.7

13

Saving and Investment

F.8

14

Net Capital Transfers

F.9

14

Derivation of Measures of Personal Saving

F.10

15

L.10

61

Title

Summaries


Flows Table Page

Levels Table Page

Households and Nonprofit Organizations

F.100

16

L.100

62

Nonfinancial Business

F.101

17

L.101

63

Nonfarm Nonfinancial Corporate Business

F.102

18

L.102

64

Nonfarm Noncorporate Business

F.103

19

L.103

65

Farm Business

F.104

19

L.104

65

State and Local Governments

F.105

20

L.105

66

Federal Government

F.106

21

L.106

66

Rest of the World

F.107

22

L.107

67

Monetary Authority

F.108

23

L.108

68

Commercial Banking

F.109

24

L.109

69

U.S.-Chartered Commercial Banks

F.110

25

L.110

70

Foreign Banking Offices in U.S.

F.111

26

L.111

71

Bank Holding Companies

F.112

27

L.112

72

Banks in U.S.-Affiliated Areas

F.113

27

L.113

72

Savings Institutions

F.114

28

L.114

73

Credit Unions

F.115

29

L.115

74

Property-Casualty Insurance Companies

F.116

29

L.116

74

Life Insurance Companies

F.117

30

L.117

75

Private Pension Funds

F.118

30

L.118

75

State and Local Government Employee Retirement Funds

F.119

31

L.119

76

Federal Government Retirement Funds

F.120

31

L.120

76

Money Market Mutual Funds

F.121

32

L.121

77

Mutual Funds

F.122

32

L.122

77

Title

Sectors


Title

Flows Table Page

Levels Table Page

Closed-End and Exchange-Traded Funds

F.123

32

L.123

77

Government-Sponsored Enterprises

F.124

33

L.124

78

Agency- and GSE-backed Mortgage Pools

F.125

33

L.125

78

Issuers of Asset-Backed Securities

F.126

34

L.126

79

Finance Companies

F.127

34

L.127

79

Real Estate Investment Trusts

F.128

35

L.128

80

Security Brokers and Dealers

F.129

36

L.129

81

Funding Corporations

F.130

36

L.130

81

Gold and Official Foreign Exchange Holdings

F.200

37

L.200

82

SDR Certificates and Treasury Currency

F.201

37

L.201

82

U.S. Deposits in Foreign Countries

F.202

37

L.202

82

Net Interbank Transactions

F.203

38

L.203

83

Checkable Deposits and Currency

F.204

39

L.204

84

Time and Savings Deposits

F.205

40

L.205

85

Money Market Mutual Fund Shares

F.206

40

L.206

85

Federal Funds and Security Repurchase Agreements

F.207

41

L.207

86

Open Market Paper

F.208

41

L.208

86

Treasury Securities

F.209

42

L.209

87

Instruments


Flows

Levels

Title

Table

Page

Table

Page

Agency- and GSE-backed Securities

F.210

43

L.210

88

Municipal Securities and Loans

F.211

44

L.211

89

Corporate and Foreign Bonds

F.212

44

L.212

89

Corporate Equities

F.213

45

L.213

90

Mutual Fund Shares

F.214

45

L.214

90

Bank Loans Not Elsewhere Classified

F.215

46

L.215

91

Other Loans and Advances

F.216

47

L.216

92

Total Mortgages

F.217

48

L.217

93

Home Mortgages

F.218

49

L.218

94

Multifamily Residential Mortgages

F.219

49

L.219

94

Commercial Mortgages

F.220

50

L.220

95

Farm Mortgages

F.221

50

L.221

95

Consumer Credit

F.222

51

L.222

96

Trade Credit

F.223

51

L.223

96

Security Credit

F.224

51

L.224

96

Life Insurance and Pension Fund Reserves

F.225

52

L.225

97

Taxes Payable by Businesses

F.226

52

L.226

97

Proprietors' Equity in Noncorporate Business

F.227

52

L.227

97

Total Miscellaneous Financial Claims

F.228

53

L.228

98

Identified Miscellaneous Financial Claims - Part I

F.229

54

L.229

99

Identified Miscellaneous Financial Claims - Part II

F.230

55

L.230

100

Unidentified Miscellaneous Financial Claims

F.231

56

L.231

101

Sector Discrepancies

F.11

57

Instrument Discrepancies

F.12

57


Balance Sheet Table Page

Table

Page

Households and Nonprofit Organizations

B.100

102

R.100

105

Nonfinancial Corporate Business

B.102

103

R.102

106

Nonfarm Noncorporate Business

B.103

104

R.103

107

Title

Reconciliation

Balance Sheet and Reconciliation Tables

Flows Table Page

Levels Table Page

Nonprofit Organizations

F.100.a

108

L.100.a

109

Consolidated Statement for Federal, State, and Local Governments

F.106.c

110

L.106.c

111

Private Pension Funds: Defined Benefit Plans

F.118.b

112

L.118.b

113

Private Pension Funds: Defined Contribution Plans

F.118.c

112

L.118.c

113

Individual Retirement Accounts (IRAs)

F.225.i

112

L.225.i

113

Title

Supplementary Tables

Flow of Funds Matrix for 2008 Balance Sheet of Households and Nonprofit Organizations with Equity Detail

114

115

B.100.e

116


1

Flow of Funds Accounts, First Quarter 2009 This publication presents the flow of funds accounts for 2009:Q1. Data revisions and other changes. The statistics in the attached tables reflect the use of new or revised source data. Most significant revisions appear in recent quarters; however, new source information resulted in changes to data for earlier periods. 1. Assets of the nonfarm nonfinancial corporate business sector (tables F.102 and L.102) have been revised from 2007:Q1 onward to reflect advance data from the Internal Revenue Service (IRS) Statistics of Income (SOI) for 2007. 2. The monetary authority sector (tables F.108 and L.108) has been expanded to show new asset detail for bank loans n.e.c. related to the creation of the Term Asset-Backed Securities Loan Facility (TALF). 3. The bank holding company sector (tables F.112 and L.112) has been revised to include a number of large financial companies – including Goldman Sachs, Morgan Stanley, CIT Group, American Express, GMAC, Discover Financial Services, and IB Finance – that became bank holding companies in 2008:Q4 and 2009:Q1. Balance sheet data for these firms became available in 2009:Q1. 4. The credit unions sector (tables F.115 and L.115) was modified to include an additional asset category, reserves at the Federal Reserve. 5. The private pension fund sector (tables F.118, L.118, F.118.c, and L.118.c) has been revised from 2002:Q4 forward to reflect improved methodology in using College Retirement Equities Fund (CREF) data. 6. The state and local government employee retirement funds sector (tables F.119 and L.119) was revised from 2006:Q3 forward to reflect new data from the Census Bureau. 7. The finance companies sector (table F.127 and L.127) was modified to include other loans and advances as an additional liability category, reflecting loans made to Chrysler Financial by the federal government under the Troubled Assets Relief Program (TARP). 8. The funding corporation sector (tables F.130 and L.130) was modified to include an additional asset

category, security RPs, and an additional liability category, other loans and advances, to reflect transactions between the federal government and the Term Asset-Backed Securities Loan Facility (TALF) LLC. 9. Detail for foreign direct investment (tables F.229 and L.229) has been revised from 1992:Q4 forward to reflect a reevaluation of the detail by sector. 10. The balance sheet of households and nonprofit organizations with equity detail (table B.100.e) has been expanded to show quarterly data. Explanatory notes for tables D.1, D.2, and D.3. Domestic debt comprises credit market funds borrowed by U.S. entities from both domestic and foreign sources, while foreign debt represents amounts borrowed by foreign financial and nonfinancial entities in U.S. markets only. Financial sectors consist of government-sponsored enterprises, agency- and GSEbacked mortgage pools, and private financial institutions. Credit market debt consists of debt securities, mortgages, bank loans, commercial paper, consumer credit, U.S. government loans, and other loans and advances; it excludes trade debt, loans for the purpose of carrying securities, and funds raised from equity sources. Growth rates in table D.1 are calculated by dividing seasonally adjusted flows from table D.2 by seasonally adjusted levels at the end of the previous period from table D.3. Seasonally adjusted levels in flow of funds statistics are derived by carrying forward year-end levels by seasonally adjusted flows. Growth rates calculated from changes in unadjusted levels printed in table L.2 can differ from those in table D.1. Relation of Flows to Outstandings. Estimates of financial assets and liabilities outstanding are linked to data on flows. However, figures on outstandings contain discontinuities or breaks in series that could affect analysis of particular relationships over time. Specifically, outstanding in the flow of funds accounts are related to the flows in the following way: Outstanding t = Outstanding t-1+ Flow t+ Discontinuity t where “t” is the time period. B

B

B

B

B

B

B

B

Discontinuities result from changes in valuation, breaks in source data, and changes in definitions. For most series, the value of the


2

discontinuity is zero for nearly all time periods. However, in a few instances, the discontinuity is nonzero for almost all time periods, or is quite large in a particular quarter, such as a period when there is a sharp increase or decrease in equity prices or a major break in source data.

Availability of Data. Flow of funds statistics are updated about ten weeks following the end of a quarter. This publication — the Z.1 release — is available from the Board's Publications Services. Flow of funds data are also available electronically through the Internet at the following location:

The discontinuities in a series can distort estimated rates of growth in assets and liabilities between periods. In order to minimize these distortions, percentage changes in assets and liabilities in flow of funds releases should be calculated as:

www.federalreserve.gov/releases/Z1

Percentage change t = (Flow t / Outstanding t-1) * 100 B

B

B

B

B

B

Preliminary Estimates. Figures shown for the most recent quarter in these tables are based on preliminary and incomplete information. A summary list of the principal sources of information available when the latest quarter's data were compiled is provided in a table following this introduction. The distinction between “available” data and “missing” data is not between final and preliminary versions of data, but rather between those source estimates that are fully ready when the latest quarterly publication is compiled and those that are not yet completed. However, the items that are shown as available are, in general, also preliminary in the sense that they are subject to revision by source agencies. Margins of Uncertainty. Flow of funds statistics are subject to uncertainties resulting from measurement errors in source data, incompatibilities among data from different sources, potential revisions in both financial and nonfinancial series, and incomplete data in parts of the accounts. The size of these uncertainties cannot be quantified in precise statistical terms, but allowance for them is explicitly made throughout the accounts by the inclusion of “discrepancies” for various sectors and instrument types. A discrepancy for a sector is the difference between its measured sources of funds and its measured uses of funds. For an instrument category, a discrepancy is the difference between measured funds borrowed through the financial instrument and measured funds lent through that instrument. The size of such discrepancies relative to the main asset or liability components is one indication of the quality of source data, especially on an annual basis. For quarterly data, differences in seasonal adjustment procedures for financial and nonfinancial components of the accounts sometimes result in discrepancies that cancel in annual data.

The Internet site also provides quarterly data beginning in 1952, organized in compressed files that correspond to the tables published in this release. There are files for quarterly data for seasonally adjusted flows, unadjusted flows, outstandings, balance sheets, and debt (tables D.1, D.2, and D.3). This data is also available as a customizable download dataset through the Data Download Program (DDP) at the following location: www.federalreserve.gov/datadownload/Choose.aspx?rel=Z.1

A Guide to the Flow of Funds Accounts is available. The 1,200-page Guide, published in two volumes in January 2000, explains in detail how the U.S. financial accounts are prepared and the principles underlying the accounts. The Guide can be purchased for $20.00 from the Board’s Publications Services. Publications Services accepts orders accompanied by checks as well as credit card orders. The Internet site for this release at the location shown above contains a link to an order form for the Guide that can be mailed or faxed to Publications Services. In addition, the Internet site includes a link to the Guide’s descriptions of the tables in the flow of funds accounts. Subscription Information. The Federal Reserve Board charges for subscriptions to all statistical releases. Inquiries for releases should be directed to: Publications Services, Stop 127 Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, N.W. Washington, DC 20551 (202) 452-3244


3

Availability of Data for Latest Quarter

Available at time of publication U

U

Major items missing U

U

1. National income and product accounts (NIPA)

Preliminary estimates, seasonally adjusted, for 2009:Q1.

2. Households and nonprofit organizations sector (tables F.100 and L.100)

Estimates for this sector are largely residuals and are derived from data for other sectors. Availability of data depends on schedules for other sectors. Data for consumer credit, which are estimated directly, are available through 2009:Q1. The source for nonprofit organizations data (tables F.100.a and L.100.a) is the Internal Revenue Service Statistics of Income. Data for nonprofit organizations are available for 1987 through 2000.

3. Nonfarm nonfinancial corporate business (tables F.102 and L.102)

Quarterly Financial Report (QFR) of the Census Bureau through 2008:Q4; Internal Revenue Service Statistics of Income (IRS/SOI) advance data through 2007; securities offerings, mortgages, bank loans, commercial paper, and other loans through 2009:Q1.

Statistics of Income data since 2007. QFR since 2008:Q4.

4. Nonfarm noncorporate business (tables F.103 and L.103)

IRS/SOI data through 2006; bank and finance company loans and mortgage borrowing through 2009:Q1.

Statistics of Income data since 2006.

5. Farm business (tables F.104 and L.104)

Mortgages, bank loans, loans from government-sponsored enterprises, U.S. government loans to farms, and equity in government-sponsored enterprises through 2009:Q1; preliminary data for checkable deposits and currency and trade payables through 2007. Gross offerings and retirements of municipal securities, deposits at banks, and nonmarketable U.S. government security issues through 2009:Q1; total financial assets through 2006:Q2 from the Census Bureau; breakdown of financial assets through 2004:Q2 from the comprehensive annual financial reports of state and local governments.

Consumption of fixed capital and undistributed profits since 2007.

Data from the Monthly Treasury Statement of Receipts and Outlays and Treasury data for loan programs and the Troubled Assets Relief Program (TARP) through 2009:Q1.

None.

6. State and local governments (tables F.105 and L.105)

7. Federal government (tables F.106 and L.106)

Unadjusted flows since 2007 for the government sectors. Unadjusted flows since 2006 for all other sectors.

Total financial assets since 2006:Q2 and selected financial asset detail since 2004:Q2.


4 8. Rest of the world (U.S. international transactions) (tables F.107 and L.107)

Balance of payments data through 2008:Q4. NIPA estimates; data from bank Reports of Condition and from Treasury International Capital System through 2009:Q1.

Balance of payments data for 2009:Q1.

9. Monetary authority (tables F.108 and L.108)

All data through 2009:Q1.

None.

10. Commercial banking (tables F.109 through F.113 and tables L.109 through L.113)

All data through 2009:Q1 for U.S.-chartered commercial banks, foreign banking offices in the U.S., bank holding companies, and commercial banks in U.S.-affiliated areas.

Data since 2008 for branches of domestic commercial banks located in U.S.-affiliated areas.

11. Savings institutions (tables F.114 and L.114)

All data through 2009:Q1.

None.

12. Credit unions (tables F.115 and L.115)

All data through 2009:Q1.

None.

13. Property-casualty insurance companies (tables F.116 and L.116)

All data through 2008:Q4. Preliminary data for 2009:Q1.

Final data for 2009:Q1.

14. Life insurance companies (tables F.117 and L.117)

All data through 2008:Q4. Preliminary data for 2009:Q1.

Final data for 2009:Q1.

15. Private pension funds (tables F.118 and L.118)

Quarterly data through 2009:Q1; Internal Revenue Service/Department of Labor/Pension Benefit Guaranty Corporation Form 5500 data through 2006.

Form 5500 data since 2006.

16. State and local government employee retirement funds (tables F.119 and L.119)

Detailed data through 2007:Q2 from the Census Bureau; sample data through 2008:Q4 from the Census Bureau. Data from the Monthly Treasury Statement of Receipts and Outlays, the Thrift Savings Plan, and the National Railroad Retirement Investment Trust through 2009:Q1. All data through 2009:Q1.

Detailed data since 2007:Q2 and sample data for 2009:Q1.

None.

19. Mutual funds (tables F.122 and L.122)

All data through 2009:Q1.

None.

20. Closed-end funds (tables F.123 and L.123)

All data through 2009:Q1.

None.

21. Exchange-traded funds (tables F.123 and L.123)

All data through 2009:Q1.

None.

17. Federal government retirement funds (tables F.120 and L.120)

18. Money market mutual funds (tables F.121 and L.121)

None.


5 22. Government-sponsored enterprises (tables F.124 and L.124)

Data for Fannie Mae, Freddie Mac, FHLBs, FICO, Farmer Mac, FCS, and REFCORP through 2009:Q1.

None.

23. Agency- and GSE-backed mortgage pools (tables F.125 and L.125)

Data for Fannie Mae, Ginnie Mae, and Freddie Mac through 2009:Q1.

None.

24. Issuers of asset-backed securities (ABSs) (tables F.126 and L.126)

All data for private mortgage pools, consumer credit, business loans, student loans, consumer leases, and trade credit securitization through 2009:Q1.

None.

25. Finance companies (tables F.127 and L.127)

All data through 2009:Q1.

None.

26. Real estate investment trusts (REITs) (tables F.128 and L.128)

Data from SNL REIT DataSource through 2009:Q1.

None.

27. Security brokers and dealers (tables F.129 and L.129)

Data for firms filing FOCUS and FOGS reports through 2009:Q1.

28. Funding corporations (tables F.130 and L.130)

Estimates for this sector are largely residuals and are derived from data for other sectors.

None.


6

Z.1, June 11, 2009

D.1 Debt Growth by Sector 1 In percent; quarterly figures are seasonally adjusted annual rates Domestic nonfinancial sectors

Total

Total

Households Home mortgage

Business Consumer credit

Total

Corporate

State and local governments

Federal government

Domestic financial sectors

Foreign

1974 1975 1976 1977 1978

9.2 9.3 10.8 12.8 13.8

8.9 8.4 11.3 15.6 16.9

9.8 9.5 12.6 16.6 17.5

4.6 3.8 10.6 15.5 17.5

12.9 4.8 8.6 12.5 13.1

11.4 3.3 7.6 12.0 11.5

6.9 5.4 8.4 8.4 15.4

3.4 23.9 15.6 11.0 9.2

23.6 0.8 9.0 18.9 22.1

20.5 17.4 21.2 11.7 18.7

1979 1980 1981 1982 1983

12.2 9.5 10.4 10.1 12.0

15.4 8.5 7.6 5.6 11.1

16.4 10.9 7.2 4.8 10.2

13.9 1.0 5.5 5.0 12.1

13.4 10.0 12.9 9.2 9.1

10.9 8.3 13.6 9.1 8.1

9.0 6.9 8.0 11.2 11.4

5.8 11.8 11.6 19.7 18.9

22.1 14.5 18.2 13.6 13.4

9.6 14.3 12.2 7.5 8.3

1984 1985 1986 1987 1988

14.8 15.6 11.9 9.0 9.0

12.6 16.1 11.5 10.4 9.9

11.4 14.6 13.7 13.4 11.8

18.4 15.9 9.1 4.8 6.7

16.2 11.0 11.4 7.7 9.8

16.7 12.7 13.8 8.8 10.9

11.4 31.8 10.9 12.0 6.0

16.9 16.5 13.6 8.0 8.0

17.9 19.4 26.2 18.2 13.2

3.7 0.5 4.0 2.5 2.9

1989 1990 1991 1992 1993

7.2 6.5 4.3 4.5 4.8

9.3 6.9 5.1 5.3 6.0

10.9 8.7 6.9 6.4 5.5

6.3 1.9 -1.1 1.1 7.4

6.1 3.6 -2.2 -0.2 0.3

7.2 5.7 -2.1 1.0 1.2

5.3 5.0 9.2 1.5 5.3

7.0 11.0 11.1 10.9 8.3

10.5 8.8 6.0 8.6 9.6

3.8 8.3 4.8 6.9 18.7

1994 1995 1996 1997 1998

4.7 5.2 5.4 5.6 6.6

7.6 6.8 6.9 5.8 7.8

5.6 4.8 6.2 6.1 8.0

15.2 14.4 9.0 5.5 7.2

3.9 7.4 6.6 10.0 11.7

5.1 8.8 6.8 10.6 11.0

-3.9 -5.5 -2.0 4.9 6.2

4.7 4.1 4.0 0.6 -1.4

13.9 11.6 12.1 12.1 19.4

-2.4 17.7 15.5 10.6 5.1

1999 2000 2001 2002 2003

6.4 5.0 6.3 7.3 8.1

8.4 9.1 9.6 10.8 11.6

9.4 8.7 10.5 13.3 14.3

7.8 11.4 8.7 5.7 5.2

10.8 9.3 5.8 2.6 2.5

10.0 8.5 4.6 0.5 1.8

3.3 1.4 8.8 11.1 8.3

-1.9 -8.0 -0.2 7.6 10.9

16.2 11.0 10.7 9.6 10.6

2.4 8.4 -1.4 10.8 4.0

2004 2005 2006 2007 2008

8.9 9.5 9.0 8.7 5.9

11.1 11.0 10.1 6.6 0.4

13.6 13.2 11.0 6.7 -0.5

5.5 4.3 4.5 5.5 1.7

6.2 8.7 10.5 13.5 5.1

4.1 6.4 8.5 14.0 5.3

7.4 10.2 8.2 9.3 1.8

9.0 7.0 3.9 4.9 24.2

8.9 9.3 10.0 12.5 5.5

12.4 7.9 22.0 6.5 -7.5

2003 -- Q1 Q2 Q3 Q4

6.4 10.8 7.5 6.8

10.5 12.8 11.3 9.8

12.5 15.6 14.2 12.0

5.6 5.8 5.1 4.0

2.9 3.6 1.7 1.6

2.4 3.7 0.5 0.5

7.5 11.5 6.5 6.8

2.9 20.0 9.7 9.5

11.6 8.2 9.6 11.5

2.9 15.6 -11.2 8.9

2004 -- Q1 Q2 Q3 Q4

8.3 8.7 7.8 9.5

10.1 11.4 9.3 12.0

11.7 14.2 12.0 13.9

6.4 3.4 5.5 6.2

5.7 4.2 6.0 8.2

3.3 1.3 4.0 7.4

9.9 4.2 8.4 6.2

8.5 12.0 7.0 7.3

7.6 9.4 7.9 9.8

11.9 0.9 10.0 25.0

2005 -- Q1 Q2 Q3 Q4

8.6 8.7 9.4 9.9

9.2 11.1 11.3 10.9

10.8 13.1 13.7 12.9

5.0 4.7 4.3 2.7

7.0 8.2 8.2 10.1

4.4 5.8 5.9 8.8

11.7 7.5 12.2 7.9

9.2 4.4 6.0 7.8

7.9 9.7 5.9 12.7

4.6 7.8 9.7 8.5

2006 -- Q1 Q2 Q3 Q4

9.7 9.1 7.4 8.5

11.3 11.3 8.8 7.5

13.4 12.5 9.4 7.1

2.8 5.4 4.7 4.9

10.1 10.1 7.7 12.3

8.0 8.1 4.7 12.0

5.2 7.1 8.1 11.3

6.6 2.6 3.1 3.1

10.6 11.8 7.4 8.8

13.8 12.4 37.0 18.7

2007 -- Q1 Q2 Q3 Q4

8.2 8.2 9.2 8.1

6.8 7.2 6.1 5.8

7.8 7.6 4.8 5.9

5.0 5.4 7.2 4.1

10.9 13.3 14.5 12.6

11.9 14.8 14.2 12.5

10.9 10.0 7.2 7.7

5.5 0.3 8.0 5.3

10.5 10.1 16.8 10.3

9.7 15.2 0.2 0.6

2008 -- Q1 Q2 Q3 Q4

5.4 3.2 8.3 6.2

3.0 0.4 0.1 -2.0

2.4 -0.3 -2.4 -1.7

4.7 3.9 1.4 -3.1

7.5 6.1 5.0 1.5

6.7 6.5 5.7 2.0

3.5 0.9 3.2 -0.4

8.1 5.9 39.2 37.0

5.5 5.8 7.0 3.5

13.8 3.8 -25.0 -22.2

2009 -- Q1

4.1

-1.1

-0.0

-3.5

-0.3

2.0

4.9

22.6

-10.5

9.0

1. Data shown are on an end-of-period basis.


Z.1, June 11, 2009

7

D.2 Borrowing by Sector Billions of dollars; quarterly figures are seasonally adjusted annual rates Domestic nonfinancial sectors

Total

Total

Households Home mortgage

Business Consumer credit

Total

Corporate

State and local governments

Federal government

Domestic financial sectors

Foreign

1974 1975 1976 1977 1978

175.1 192.9 244.7 321.1 390.5

55.6 56.9 83.1 127.9 160.0

37.3 39.7 57.6 85.9 105.7

8.9 7.8 22.0 35.5 46.4

94.2 39.2 73.9 117.1 138.5

56.4 18.0 43.4 73.2 78.7

13.4 11.1 18.5 19.9 39.4

11.9 85.6 69.2 56.3 52.5

49.6 2.1 23.5 53.6 74.7

13.8 14.1 20.5 13.5 24.0

1979 1980 1981 1982 1983

391.6 342.9 409.7 439.7 572.9

169.8 108.3 106.4 83.9 175.6

116.5 90.2 67.0 47.4 105.1

43.3 3.4 19.8 18.8 48.2

159.4 135.0 190.1 152.8 164.8

83.1 70.2 123.4 93.4 90.1

26.6 22.2 27.6 41.7 47.3

35.8 77.4 85.5 161.3 185.2

91.1 73.2 105.1 93.0 104.4

15.0 24.2 23.5 16.0 17.3

1984 1985 1986 1987 1988

791.7 958.9 846.4 718.6 784.4

219.0 313.8 261.1 263.8 271.5

127.3 181.5 198.8 221.5 215.7

81.7 84.0 55.8 32.3 46.6

323.0 255.9 295.1 220.5 307.4

204.9 182.9 223.9 162.7 222.4

52.5 163.6 74.2 90.4 50.4

197.2 225.7 216.0 143.9 155.1

157.8 204.0 328.8 290.6 250.2

8.4 1.2 9.7 6.3 7.4

1989 1990 1991 1992 1993

684.2 656.6 469.6 512.3 561.5

282.9 231.8 184.1 198.8 237.7

224.9 199.2 173.5 171.1 156.5

47.0 15.1 -8.8 9.2 61.4

207.6 130.8 -83.9 -7.0 9.7

160.0 136.5 -52.8 24.3 30.7

47.4 47.1 91.2 16.5 57.9

146.4 246.9 278.2 304.0 256.1

225.0 211.2 156.0 238.9 291.5

10.2 23.9 15.1 24.1 69.8

1994 1995 1996 1997 1998

578.3 678.7 733.8 813.6 1007.0

322.7 309.8 336.4 300.9 426.0

167.4 154.0 205.5 216.1 301.6

135.0 147.0 105.7 70.3 97.1

145.3 285.3 273.0 438.8 566.8

130.2 237.7 199.9 333.9 383.2

-45.5 -60.8 -20.5 50.8 66.8

155.9 144.4 144.9 23.1 -52.6

462.0 439.5 514.0 574.1 1026.8

-11.2 78.3 88.0 69.9 37.2

1999 2000 2001 2002 2003

1043.4 864.7 1153.6 1410.5 1678.1

495.0 583.5 672.7 830.1 985.1

379.5 385.4 507.6 706.6 860.3

112.4 176.5 150.7 107.9 104.4

582.4 560.2 380.9 178.7 176.8

384.0 361.8 213.1 21.8 86.9

37.3 16.9 105.5 144.1 120.1

-71.2 -295.9 -5.6 257.6 396.0

1023.5 807.3 874.9 879.2 1065.8

19.0 63.0 -11.2 93.4 43.0

2004 2005 2006 2007 2008

1988.0 2319.2 2405.0 2538.4 1873.2

1057.8 1166.1 1185.5 854.9 49.5

937.4 1037.2 978.0 655.7 -51.7

115.0 94.5 104.4 133.6 44.0

452.9 674.5 884.9 1260.5 544.1

201.7 330.1 465.4 837.2 362.6

115.4 171.7 151.2 185.9 40.4

361.9 306.9 183.4 237.1 1239.2

977.8 1112.6 1299.4 1789.3 895.8

155.3 113.0 332.6 122.3 -152.1

2003 -- Q1 Q2 Q3 Q4

1320.2 2275.9 1614.3 1502.0

897.8 1114.0 1020.2 908.5

755.0 969.4 916.8 800.2

111.9 116.7 105.5 83.6

208.0 261.2 122.4 115.7

117.1 182.7 22.3 25.5

108.4 169.6 98.1 104.3

106.0 731.2 373.5 373.5

1165.3 844.8 1009.0 1244.0

31.5 169.0 -125.7 97.2

2004 -- Q1 Q2 Q3 Q4

1873.2 1984.1 1822.5 2272.3

956.3 1110.2 934.8 1229.9

808.6 1009.7 878.1 1053.3

134.7 72.0 119.0 134.5

419.9 314.0 452.5 625.1

162.3 66.2 203.1 375.1

155.0 67.0 136.4 103.3

342.0 492.8 298.8 314.1

834.7 1041.3 895.1 1140.0

149.0 11.3 128.8 331.9

2005 -- Q1 Q2 Q3 Q4

2112.1 2176.9 2405.8 2582.0

967.6 1198.4 1256.3 1242.1

848.2 1055.4 1137.3 1108.0

111.4 106.0 98.2 62.2

545.4 653.0 663.2 836.6

229.8 302.7 315.7 472.4

197.0 129.9 215.9 144.1

402.2 195.6 270.5 359.2

941.9 1173.7 737.3 1597.5

66.2 112.8 144.4 128.7

2006 -- Q1 Q2 Q3 Q4

2597.7 2507.1 2077.5 2437.7

1331.4 1369.9 1086.4 954.2

1193.3 1149.0 886.0 683.5

65.3 125.6 110.4 116.3

859.1 880.2 685.1 1115.3

442.1 453.4 271.3 695.0

96.5 132.7 155.4 220.2

310.7 124.2 150.6 148.0

1374.1 1575.7 1014.8 1233.1

209.7 194.1 597.0 329.6

2007 -- Q1 Q2 Q3 Q4

2385.6 2446.0 2801.6 2520.5

875.4 946.4 813.3 784.5

766.4 759.4 487.8 609.1

119.7 132.1 178.4 104.3

1022.9 1279.3 1438.5 1301.4

707.5 909.0 904.9 827.3

219.6 205.8 152.0 166.3

267.8 14.5 397.8 268.2

1499.7 1497.9 2540.7 1619.1

183.3 290.0 4.2 11.7

2008 -- Q1 Q2 Q3 Q4

1700.7 1043.3 2704.0 2044.9

410.2 52.5 7.2 -272.1

251.8 -31.7 -253.0 -173.9

120.8 101.0 35.4 -81.0

800.3 660.0 546.7 169.6

455.9 451.1 403.5 139.9

77.5 20.5 71.6 -7.9

412.7 310.4 2078.5 2155.2

889.9 949.9 1158.7 584.6

278.3 79.5 -526.9 -439.4

2009 -- Q1

1367.9

-151.8

-5.2

-90.7

-28.3

140.6

108.4

1439.6

-1791.7

168.5


8

Z.1, June 11, 2009

D.3 Debt Outstanding by Sector 1 Billions of dollars; quarterly figures are seasonally adjusted Domestic nonfinancial sectors Households Home mortgage

Business Consumer credit

Corporate

Federal government

Domestic financial sectors

Total

Total

1974 1975 1976 1977 1978

2069.9 2261.8 2505.3 2826.6 3211.2

680.3 734.3 818.9 946.7 1105.4

419.3 459.0 517.0 603.0 708.6

201.9 207.0 229.0 264.9 311.3

823.2 864.2 935.5 1054.3 1188.4

551.6 571.3 612.1 687.1 761.4

208.2 219.4 237.8 256.2 295.6

358.2 443.9 513.1 569.4 621.9

258.3 260.4 283.9 337.8 412.5

81.2 96.9 115.7 128.6 155.7

1979 1980 1981 1982 1983

3603.0 3953.5 4361.7 4783.4 5359.2

1276.1 1396.0 1507.2 1576.4 1732.0

826.7 926.5 998.2 1031.1 1116.2

354.6 358.0 377.9 396.7 444.9

1347.0 1478.1 1662.0 1811.4 1999.1

843.8 910.2 1027.3 1117.4 1230.4

322.2 344.4 372.1 413.8 461.1

657.7 735.0 820.5 981.8 1167.0

504.9 578.1 682.4 778.1 882.7

168.5 193.4 214.0 208.1 224.1

1984 1985 1986 1987 1988

6146.2 7123.2 7967.0 8670.7 9451.6

1943.3 2277.8 2537.3 2755.1 3043.6

1242.8 1449.6 1648.3 1827.9 2054.2

526.6 610.6 666.4 698.6 745.2

2325.1 2577.6 2871.7 3123.2 3410.1

1438.3 1617.9 1840.8 2034.5 2234.3

513.6 677.9 752.1 842.6 893.0

1364.2 1589.9 1805.9 1949.8 2104.9

1052.4 1257.3 1593.6 1895.5 2145.8

232.8 242.5 251.9 259.0 269.8

1989 1990 1991 1992 1993

10152.9 10836.8 11303.1 11818.6 12395.0

3336.9 3597.8 3785.6 3984.4 4224.5

2277.3 2505.7 2682.9 2854.0 3012.9

809.3 824.4 815.6 824.8 886.2

3624.4 3753.4 3662.6 3658.8 3681.0

2401.3 2535.9 2481.0 2506.9 2550.1

940.4 987.4 1078.6 1095.1 1153.0

2251.2 2498.1 2776.4 3080.3 3336.5

2399.3 2613.6 2769.6 3024.1 3321.0

287.9 318.2 350.4 372.4 468.2

1994 1995 1996 1997 1998

12979.5 13674.1 14407.9 15219.9 16226.9

4546.9 4856.7 5193.1 5494.3 5920.3

3180.3 3334.4 3539.8 3755.9 4057.5

1021.2 1168.2 1273.9 1344.2 1441.3

3832.8 4133.9 4406.9 4843.9 5410.7

2686.9 2940.4 3140.3 3472.4 3855.6

1107.5 1046.7 1026.2 1076.9 1143.8

3492.3 3636.7 3781.7 3804.8 3752.2

3791.1 4233.5 4747.5 5301.4 6328.2

443.1 567.6 657.2 723.6 783.2

1999 2000 2001 2002 2003

17305.0 18180.8 19317.3 20727.8 22438.3

6414.4 7009.0 7681.7 8511.8 9499.3

4434.7 4820.1 5327.6 6034.2 6886.7

1553.6 1741.3 1892.0 1999.9 2104.4

6028.6 6588.8 6952.8 7131.5 7338.4

4275.0 4636.8 4832.9 4854.7 4971.7

1181.0 1197.9 1303.4 1447.5 1567.6

3681.0 3385.1 3379.5 3637.0 4033.1

7349.4 8157.8 9158.8 10038.1 10927.3

748.2 814.5 865.4 1072.8 1253.3

2004 2005 2006 2007 2008

24441.2 26760.4 29162.1 31707.1 33580.3

10572.0 11738.0 12923.5 13778.4 13832.9

7838.9 8876.2 9854.1 10509.8 10463.1

2219.4 2313.9 2418.3 2551.9 2595.9

7791.2 8465.8 9347.5 10614.5 11153.7

5173.4 5503.5 5965.7 6809.3 7167.0

1683.0 1854.7 2005.9 2191.8 2232.2

4395.0 4701.9 4885.3 5122.3 6361.5

11919.9 12978.0 14274.9 16191.5 17086.9

1438.8 1513.9 1882.6 2017.3 1864.9

2003 -- Q1 Q2 Q3 Q4

21057.9 21626.8 22030.4 22438.3

8736.3 9014.8 9269.8 9499.3

6223.0 6465.3 6694.5 6886.7

2027.9 2057.1 2083.5 2104.4

7183.5 7248.8 7279.4 7338.4

4884.0 4929.7 4935.3 4971.7

1474.6 1517.0 1541.5 1567.6

3663.5 3846.3 3939.7 4033.1

10329.4 10540.6 10792.8 10927.3

1080.7 1123.0 1091.5 1253.3

2004 -- Q1 Q2 Q3 Q4

22906.6 23402.6 23873.1 24441.2

9738.4 10015.9 10264.5 10572.0

7088.8 7341.2 7575.6 7838.9

2138.0 2156.0 2185.8 2219.4

7443.3 7521.8 7635.0 7791.2

5012.3 5028.8 5079.6 5173.4

1606.3 1623.1 1657.2 1683.0

4118.6 4241.8 4316.5 4395.0

11136.0 11396.3 11634.9 11919.9

1290.5 1293.4 1325.6 1438.8

2005 -- Q1 Q2 Q3 Q4

24969.2 25513.4 26114.9 26760.4

10813.9 11113.5 11427.5 11738.0

8051.0 8314.8 8599.2 8876.2

2247.3 2273.8 2298.3 2313.9

7927.6 8090.8 8256.6 8465.8

5230.8 5306.5 5385.4 5503.5

1732.2 1764.7 1818.7 1854.7

4495.5 4544.4 4612.1 4701.9

12155.4 12448.8 12559.7 12978.0

1455.3 1483.5 1519.6 1513.9

2006 -- Q1 Q2 Q3 Q4

27406.5 28033.3 28552.7 29162.1

12070.9 12413.4 12685.0 12923.5

9174.5 9461.8 9683.2 9854.1

2330.2 2361.6 2389.2 2418.3

8677.3 8897.4 9068.6 9347.5

5610.8 5724.1 5791.9 5965.7

1878.8 1912.0 1950.8 2005.9

4779.5 4810.6 4848.3 4885.3

13318.2 13712.9 13966.6 14274.9

1566.3 1614.8 1764.1 1882.6

2007 -- Q1 Q2 Q3 Q4

29765.0 30376.5 31076.9 31707.1

13142.4 13379.0 13582.3 13778.4

10045.7 10235.6 10357.5 10509.8

2448.2 2481.2 2525.8 2551.9

9609.7 9929.5 10289.1 10614.5

6149.1 6376.3 6602.5 6809.3

2060.8 2112.2 2150.2 2191.8

4952.2 4955.8 5055.3 5122.3

14777.0 15151.5 15786.7 16191.5

1909.0 1981.5 1982.5 2017.3

2008 -- Q1 Q2 Q3 Q4

32132.2 32393.1 33069.1 33580.3

13881.0 13894.1 13900.9 13832.9

10572.8 10564.8 10506.5 10463.1

2582.1 2607.3 2616.2 2595.9

10814.6 10979.6 11111.3 11153.7

6923.3 7036.1 7132.0 7167.0

2211.2 2216.3 2234.2 2232.2

5225.5 5303.1 5822.7 6361.5

16413.9 16651.4 16940.8 17086.9

2086.9 2106.8 1974.7 1864.9

2009 -- Q1

33931.9

13794.9

10461.8

2573.3

11156.2

7211.7

2259.3

6721.4

17021.0

1907.0

1. Data shown are on an end-of-period basis.

Total

State and local governments

Foreign


9

Z.1, June 11, 2009

F.1 Total Net Borrowing and Lending in Credit Markets (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1 2 3 4 5 6 7 8

Total net borrowing Domestic nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government

Q2

Q3

Q4

2009 Q1

2786.8

3121.0

3544.8

4037.0

4450.1

2616.9

2869.0

2072.8

3335.8

2190.1

-255.3

1

1678.1

1988.0

2319.2

2405.0

2538.4

1873.2

1700.7

1043.3

2704.0

2044.9

1367.9

2

985.1 86.9 91.6 -1.6 120.1 396.0

1057.8 201.7 245.2 6.0 115.4 361.9

1166.1 330.1 331.6 12.8 171.7 306.9

1185.5 465.4 408.7 10.8 151.2 183.4

854.9 837.2 407.1 16.2 185.9 237.1

49.5 362.6 170.2 11.3 40.4 1239.2

410.2 455.9 314.7 29.6 77.5 412.7

52.5 451.1 183.2 25.6 20.5 310.4

7.2 403.5 158.8 -15.7 71.6 2078.5

-272.1 139.9 24.0 5.7 -7.9 2155.2

-151.8 140.6 -172.9 4.0 108.4 1439.6

3 4 5 6 7 8

9

Rest of the world

43.0

155.3

113.0

332.6

122.3

-152.1

278.3

79.5

-526.9

-439.4

168.5

9

10

Financial sectors

1065.8

977.8

1112.6

1299.4

1789.3

895.8

889.9

949.9

1158.7

584.6

-1791.7

10

11 12 13 14

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies

48.5 13.2 -0.1 35.4

78.4 18.7 0.1 59.5

85.1 36.9 0.0 48.2

177.4 107.5 -0.3 70.2

263.2 131.8 0.0 131.3

161.1 79.1 -0.2 82.3

228.8 92.0 -0.6 137.4

299.2 9.2 -0.1 290.1

259.2 512.3 0.0 -253.1

-142.7 -297.3 0.0 154.7

-298.4 -307.5 0.0 9.1

11 12 13 14

15 16

Savings institutions Credit unions

35.3 2.2

91.4 2.3

22.5 3.3

-108.2 4.2

104.1 13.4

-65.8 8.3

103.5 -15.2

-77.7 27.6

-203.8 32.4

-85.5 -11.6

-70.5 -41.2

15 16

17 18 19 20

Life insurance companies Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

2.9 250.9 330.6 248.8

3.0 75.0 47.9 438.6

0.4 -84.0 167.3 724.3

2.7 35.6 295.4 807.2

14.5 282.4 626.3 332.7

26.2 274.3 497.3 -422.5

9.6 119.9 529.7 -255.2

9.2 655.3 668.2 -456.3

38.0 203.3 504.3 -375.2

48.0 118.5 286.9 -603.2

-9.7 -262.3 299.9 -623.8

17 18 19 20

21 22 23 24

Finance companies REITs Brokers and dealers Funding corporations

111.1 32.3 6.4 -3.2

134.3 94.6 15.2 -2.9

33.5 55.4 0.1 104.7

34.8 15.5 6.4 28.3

34.9 10.2 -4.0 111.6

-80.7 -46.5 77.7 466.4

130.0 -69.8 221.2 -112.5

1.1 -22.1 -136.7 -18.0

-194.0 -27.7 762.9 159.3

-259.9 -66.4 -536.4 1837.0

-168.7 -36.8 -159.9 -420.3

21 22 23 24

2786.8

3121.0

3544.8

4037.0

4450.1

2616.9

2869.0

2072.8

3335.8

2190.1

-255.3

25

110.4

348.0

439.0

207.8

335.8

-270.0

-1157.2

87.6

334.2

-344.7

448.8

26

56.4 -3.2 1.5 58.3 -2.6

230.6 31.1 11.5 72.4 2.3

232.2 42.3 11.4 154.0 -0.9

94.8 -11.7 -0.1 118.5 6.1

352.9 -81.2 16.3 41.5 6.4

-150.9 -104.4 6.0 -98.6 77.8

-793.7 -271.2 11.0 -114.5 11.3

175.8 -45.3 6.5 -69.5 20.0

353.3 -97.5 6.5 56.2 15.8

-338.9 -3.6 0.2 -266.5 264.2

123.5 70.4 -7.2 -41.2 303.2

27 28 29 30 31

25 26 27 28 29 30 31

Total net lending Domestic nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government

32

Rest of the world

582.8

854.4

749.0

974.8

1014.7

527.1

723.0

882.4

196.9

306.1

136.8

32

33

Financial sectors

2093.6

1918.6

2356.8

2854.5

3099.6

2359.8

3303.2

1102.8

2804.7

2228.7

-840.9

33

34 35 36 37 38 39 40 41

Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions

37.2 333.7 353.0 -38.5 8.6 10.6 127.3 51.2

51.2 610.3 573.5 23.0 -0.0 13.9 103.5 39.8

26.4 657.1 506.6 144.5 -4.2 10.2 199.4 36.2

34.7 765.4 660.0 103.7 3.3 -1.7 -97.9 30.1

-38.3 757.7 535.7 201.7 23.1 -2.9 65.7 35.3

245.4 649.8 531.1 106.6 13.9 -1.8 -274.7 40.0

-416.7 610.6 429.2 177.5 4.1 -0.1 44.5 41.7

-495.2 215.5 192.4 -79.7 97.7 5.2 14.5 50.8

1084.4 1712.9 1756.8 -5.9 -36.3 -1.8 -1211.9 45.9

809.2 60.2 -254.0 334.3 -9.7 -10.4 54.2 21.4

751.6 -512.7 -136.1 -287.9 -79.8 -9.0 -0.6 5.6

34 35 36 37 38 39 40 41

42 43 44 45 46

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

67.0 180.6 71.8 18.8 6.0

73.6 173.0 1.1 17.8 4.7

66.9 110.3 45.3 18.1 7.7

47.7 75.6 58.7 132.0 8.4

26.4 82.4 102.7 30.2 11.7

-19.0 37.8 90.1 -4.5 24.2

-13.0 115.2 72.4 7.3 40.1

-6.3 53.9 66.9 -5.7 7.9

-34.6 -64.2 58.7 -7.2 28.0

-22.2 46.2 162.5 -12.6 20.8

19.4 87.9 25.4 5.0 16.8

42 43 44 45 46

47 48 49 50 51 52 53

Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

-95.9 138.0 35.5 0.7 241.0 330.6 240.1

-124.9 116.6 11.0 3.8 48.9 47.9 429.0

-5.5 124.1 2.2 6.8 -69.1 167.3 727.8

220.0 184.9 6.0 5.7 46.6 295.4 799.2

375.6 271.1 -1.2 12.7 239.0 626.3 329.8

738.6 73.3 -39.4 21.3 192.4 497.3 -405.9

1239.4 203.4 -19.2 17.5 327.7 529.7 -281.6

133.5 404.3 -23.4 20.7 435.1 668.2 -403.4

3.5 -66.7 -42.2 26.6 130.8 504.3 -332.4

1577.8 -247.7 -72.7 20.2 -123.9 286.9 -606.3

-363.3 170.2 2.3 44.9 188.7 299.9 -585.9

47 48 49 50 51 52 53

54 55 56 57

Finance companies REITs Brokers and dealers Funding corporations

176.2 26.3 79.6 27.7

207.2 87.5 -29.2 45.9

64.7 41.0 82.3 47.8

71.0 26.1 106.2 38.7

16.6 -21.2 219.7 -42.8

-72.3 -61.7 -85.7 713.0

153.0 -82.5 122.6 591.1

-25.4 0.1 -400.2 390.9

-94.0 -51.0 373.6 740.4

-322.8 -113.2 -438.7 1129.6

-132.2 -21.4 -568.2 -274.2

54 55 56 57

(1) Excludes corporate equities and mutual fund shares.


10

Z.1, June 11, 2009

F.2 Credit Market Borrowing by Nonfinancial Sectors Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

Domestic By instrument Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Home Multifamily residential Commercial Farm Consumer credit By sector Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Federal government

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

1678.1

1988.0

2319.2

2405.0

2538.4

1873.2

1700.7

1043.3

2704.0

2044.9

1367.9

1

1678.1 -37.3 398.4 -2.4 137.6 152.2 -76.3 10.2

1988.0 15.3 362.5 -0.6 130.5 75.5 5.2 58.1

2319.2 -7.7 307.3 -0.4 195.0 56.7 134.5 116.1

2405.0 22.4 183.7 -0.3 177.4 215.6 175.3 142.6

2538.4 11.3 237.5 -0.4 215.6 311.2 242.1 322.4

1873.2 7.7 1239.0 0.2 63.2 204.6 195.2 62.0

1700.7 42.9 411.4 1.3 94.7 181.0 255.9 119.4

1043.3 -77.3 310.1 0.3 57.4 354.9 85.6 89.6

2704.0 62.8 2080.2 -1.7 96.6 92.3 416.6 78.9

2044.9 2.2 2154.2 1.0 4.2 190.1 22.8 -39.7

1367.9 -151.9 1442.8 -3.2 128.7 570.3 -352.8 -132.9

2 3 4 5 6 7 8 9

991.3 802.5 71.4 118.6 -1.3 104.4

1226.5 1024.9 49.6 149.4 2.7 115.0

1423.4 1112.4 70.8 235.5 4.6 94.5

1383.9 1060.4 55.0 268.6 -0.0 104.4

1065.2 692.5 101.2 265.2 6.3 133.6

57.3 -109.0 53.8 109.3 3.3 44.0

473.4 246.3 66.6 157.2 3.3 120.8

121.9 -87.3 64.3 141.5 3.3 101.0

-157.1 -324.2 56.2 107.5 3.4 35.4

-208.7 -271.0 27.9 31.0 3.4 -81.0

-42.6 -61.0 17.8 -2.0 2.7 -90.7

10 11 12 13 14 15

1678.1 985.1 176.8 86.9 91.6 -1.6 120.1 396.0

1988.0 1057.8 452.9 201.7 245.2 6.0 115.4 361.9

2319.2 1166.1 674.5 330.1 331.6 12.8 171.7 306.9

2405.0 1185.5 884.9 465.4 408.7 10.8 151.2 183.4

2538.4 854.9 1260.5 837.2 407.1 16.2 185.9 237.1

1873.2 49.5 544.1 362.6 170.2 11.3 40.4 1239.2

1700.7 410.2 800.3 455.9 314.7 29.6 77.5 412.7

1043.3 52.5 660.0 451.1 183.2 25.6 20.5 310.4

2704.0 7.2 546.7 403.5 158.8 -15.7 71.6 2078.5

2044.9 -272.1 169.6 139.9 24.0 5.7 -7.9 2155.2

1367.9 -151.8 -28.3 140.6 -172.9 4.0 108.4 1439.6

16 17 18 19 20 21 22 23

24

Foreign borrowing in U.S.

43.0

155.3

113.0

332.6

122.3

-152.1

278.3

79.5

-526.9

-439.4

168.5

24

25 26 27 28

Commercial paper Bonds Bank loans n.e.c. Other loans and advances

18.9 28.7 -2.5 -2.1

69.2 85.8 3.8 -3.6

38.6 64.5 14.5 -4.6

98.4 227.8 13.8 -7.4

-69.3 170.7 24.1 -3.2

-71.0 -84.7 5.1 -1.6

212.0 32.9 35.4 -2.0

41.7 48.9 -9.0 -2.1

-276.4 -271.2 21.5 -0.9

-261.5 -149.2 -27.4 -1.4

63.1 126.0 -19.4 -1.1

25 26 27 28

1721.1

2143.3

2432.2

2737.6

2660.7

1721.1

1979.1

1122.8

2177.1

1605.5

1536.4

29

29

Domestic and foreign

F.3 Credit Market Borrowing by Financial Sectors Billions of dollars; quarterly figures are seasonally adjusted annual rates 1 2 3 4 5 6 7 8 9

By instrument Open market paper GSE issues Agency- and GSE-backed mortgage pool sec. Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages By sector

1065.8

977.8

1112.6

1299.4

1789.3

895.8

889.9

949.9

1158.7

584.6

-1791.7

1

-63.5 250.9 330.6 486.2 21.4 31.2 8.9

21.7 75.0 47.9 667.5 66.0 74.1 25.5

214.2 -84.0 167.3 737.9 18.8 44.4 14.1

196.3 35.6 295.4 806.7 -62.3 21.2 6.6

-111.4 282.4 626.3 690.7 70.9 225.8 4.7

-125.6 274.3 497.3 -284.9 493.3 34.6 6.8

-231.5 119.9 529.7 82.3 181.2 188.0 20.4

-231.5 655.3 668.2 -108.6 10.1 -41.0 -2.6

-380.1 203.3 504.3 -502.5 937.8 390.0 5.9

340.7 118.5 286.9 -610.6 844.2 -398.5 3.4

-573.7 -262.3 299.9 -439.2 -484.2 -334.0 1.8

2 3 4 5 6 7 8

1065.8

977.8

1112.6

1299.4

1789.3

895.8

889.9

949.9

1158.7

584.6

-1791.7

9

10 11 12 13

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies

48.5 13.2 -0.1 35.4

78.4 18.7 0.1 59.5

85.1 36.9 0.0 48.2

177.4 107.5 -0.3 70.2

263.2 131.8 0.0 131.3

161.1 79.1 -0.2 82.3

228.8 92.0 -0.6 137.4

299.2 9.2 -0.1 290.1

259.2 512.3 0.0 -253.1

-142.7 -297.3 0.0 154.7

-298.4 -307.5 0.0 9.1

10 11 12 13

14 15

Savings institutions Credit unions

35.3 2.2

91.4 2.3

22.5 3.3

-108.2 4.2

104.1 13.4

-65.8 8.3

103.5 -15.2

-77.7 27.6

-203.8 32.4

-85.5 -11.6

-70.5 -41.2

14 15

16 17 18 19

Life insurance companies Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

2.9 250.9 330.6 248.8

3.0 75.0 47.9 438.6

0.4 -84.0 167.3 724.3

2.7 35.6 295.4 807.2

14.5 282.4 626.3 332.7

26.2 274.3 497.3 -422.5

9.6 119.9 529.7 -255.2

9.2 655.3 668.2 -456.3

38.0 203.3 504.3 -375.2

48.0 118.5 286.9 -603.2

-9.7 -262.3 299.9 -623.8

16 17 18 19

20 21 22 23

Finance companies REITs Brokers and dealers Funding corporations

111.1 32.3 6.4 -3.2

134.3 94.6 15.2 -2.9

33.5 55.4 0.1 104.7

34.8 15.5 6.4 28.3

34.9 10.2 -4.0 111.6

-80.7 -46.5 77.7 466.4

130.0 -69.8 221.2 -112.5

1.1 -22.1 -136.7 -18.0

-194.0 -27.7 762.9 159.3

-259.9 -66.4 -536.4 1837.0

-168.7 -36.8 -159.9 -420.3

20 21 22 23


11

Z.1, June 11, 2009

F.4 Credit Market Borrowing, All Sectors, by Instrument Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5 6 7 8 9 10

Total Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Other loans and advances Mortgages Consumer credit

2004

12 13 14 15 16

Total net issues Corporate equities Nonfinancial Foreign shares purchased by U.S. residents Financial Mutual fund shares

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

2786.8

3121.0

3544.8

4037.0

4450.1

2616.9

2869.0

2072.8

3335.8

2190.1

-255.3

1

-82.0 398.4 579.1 137.6 667.1

106.2 362.5 122.3 130.5 828.8

245.1 307.3 82.8 195.0 859.1

317.1 183.7 330.6 177.4 1250.0

-169.4 237.5 908.3 215.6 1172.6

-189.0 1239.0 771.7 63.2 -165.0

23.4 411.4 650.8 94.7 296.2

-267.1 310.1 1323.8 57.4 295.1

-593.7 2080.2 706.0 96.6 -681.4

81.5 2154.2 406.4 4.2 -569.8

-662.5 1442.8 34.4 128.7 257.1

2 3 4 5 6

-57.4 39.3 1000.2 104.4

75.1 128.6 1252.0 115.0

167.8 155.8 1437.5 94.5

126.8 156.4 1390.5 104.4

337.0 545.0 1069.8 133.6

693.7 95.1 64.1 44.0

472.4 305.4 493.8 120.8

86.7 46.5 119.3 101.0

1376.0 468.0 -151.2 35.4

839.7 -439.6 -205.3 -81.0

-856.4 -468.0 -40.7 -90.7

7 8 9 10

2009 Q1 private sector total: - $1851.2

Memo: Funds raised through corporate equities and mutual fund shares 11

2005

431.8

377.0

164.7

-68.8

-170.4

282.8

146.8

798.3

-260.9

446.8

99.8

11

143.1 -41.1

78.8 -124.4

-95.5 -360.7

-405.6 -602.7

-535.1 -831.2

253.6 -380.8

-17.7 -475.1

216.2 -262.4

-62.3 -399.6

878.3 -386.0

180.9 -297.0

12 13

118.0 66.2 288.6

84.8 118.5 298.2

186.7 78.5 260.2

137.4 59.7 336.8

118.0 178.0 364.7

-6.3 640.7 29.1

107.4 350.0 164.5

85.4 393.2 582.1

-59.2 396.5 -198.6

-158.7 1423.1 -431.5

-3.0 480.8 -81.0

14 15 16

F.5 Net Increase in Liabilities and Its Relation to Net Acquisition of Financial Assets Billions of dollars; quarterly figures are seasonally adjusted annual rates

1 2 3 4 5

Net flows through credit markets (from table F.4, line 1) Official foreign exchange SDR certificates Treasury currency Foreign deposits

2786.8

3121.0

3544.8

4037.0

4450.1

2616.9

2869.0

2072.8

3335.8

2190.1

-255.3

1

-0.9 0.0 0.6 36.0

-3.2 0.0 0.7 89.9

-9.6 0.0 0.8 40.8

-2.6 0.0 0.6 88.0

-0.0 0.0 0.7 216.7

4.7 0.0 -0.8 -290.7

1.0 0.0 -0.9 -375.6

5.0 0.0 -0.5 -370.7

0.6 0.0 -1.2 -284.2

12.4 0.0 -0.8 -132.1

4.1 0.0 -0.0 -84.4

2 3 4 5

-14.5 84.5 307.4 55.8 -207.5

19.4 85.4 281.6 252.9 -136.5

-12.4 4.4 314.4 284.4 127.0

-11.2 -19.9 347.0 261.2 305.3

-97.6 35.0 317.1 284.1 720.9

1775.4 568.8 524.7 -190.7 724.2

-102.0 26.6 462.8 364.6 1556.7

296.2 -13.6 286.7 -194.3 -154.9

1718.1 1756.9 490.1 -172.4 89.7

5189.4 505.5 859.1 -760.8 1405.3

-826.2 -460.6 456.8 -87.1 90.0

6 7 8 9 10

6 7 8 9 10

Net interbank transactions Checkable deposits and currency Small time and savings deposits Large time deposits Money market fund shares

11 12 13 14

Security RPs Corporate equities Mutual fund shares Trade payables

213.5 143.1 288.6 22.4

85.8 78.8 298.2 194.5

307.6 -95.5 260.2 340.4

403.0 -405.6 336.8 188.3

9.8 -535.1 364.7 240.3

-882.7 253.6 29.1 -128.0

-72.1 -17.7 164.5 56.1

-1052.4 216.2 582.1 -70.9

-1014.6 -62.3 -198.6 -140.5

-1391.7 878.3 -431.5 -356.9

-786.3 180.9 -81.0 -163.1

11 12 13 14

15 16 17 18

Security credit Life insurance reserves Pension fund reserves Taxes payable

120.0 66.8 281.6 -0.3

179.4 33.1 298.1 25.1

0.2 16.1 231.2 13.6

211.5 65.6 212.7 30.0

276.5 34.2 148.2 6.8

-397.9 67.0 85.4 -37.4

433.0 36.2 18.4 0.3

-309.0 52.9 71.6 -45.9

485.5 83.0 62.0 -14.5

-2201.3 96.0 189.7 -89.5

-533.8 28.5 44.6 2.8

15 16 17 18

19 20

Noncorporate proprietors’ equity Miscellaneous

30.9 441.1

50.9 1628.1

-70.9 1309.9

7.1 1910.7

1.4 2360.6

35.7 2182.3

1.7 3035.6

28.9 1743.5

39.2 1988.1

72.9 1961.7

45.3 280.4

19 20

4655.8

6583.1

6607.5

7965.5

8834.5

6939.6

8458.2

3143.7

8160.7

7995.7

-2144.6

21

21

Total financial sources

22 23 24 25 26 27

- Liabilities not identified as assets: Treasury currency Foreign deposits Net interbank liabilities Security RPs Taxes payable Miscellaneous

-0.3 52.8 -4.3 -39.7 -41.9 37.1

-0.3 61.9 14.9 -141.0 -23.6 47.6

0.7 15.3 -3.7 89.8 -53.6 2.0

-1.1 104.6 -1.9 199.5 -4.6 -347.0

0.2 159.1 1.7 -334.4 -12.3 154.7

-0.8 -255.5 51.8 -275.0 -69.5 384.3

-0.9 -411.0 3.7 -194.9 -51.1 12.5

-0.5 -336.0 -26.3 -449.6 -62.9 250.7

-1.2 -239.9 -60.9 -647.4 -76.0 771.4

-0.8 -34.9 290.7 191.9 -88.1 502.7

-14.4 88.8 74.8 -702.2 -71.6 152.0

22 23 24 25 26 27

28 29 30

- Floats not included in assets: Checkable deposits: Federal govt. Other Trade credit

-8.9 -0.0 23.0

27.9 -0.8 11.0

-6.6 -0.9 -30.8

-3.0 -0.5 133.1

1.2 -1.0 -44.0

-3.3 2.3 -66.4

19.6 12.6 -93.2

-9.2 -7.2 -18.3

-1.0 6.4 -85.1

-22.4 -2.5 -69.2

19.6 1.4 107.9

28 29 30

31

Totals identified to sectors as assets

4638.0

6585.4

6595.2

7886.3

8909.3

7171.6

9160.9

3803.0

8494.5

7228.2

-1800.9

31


12

Z.1, June 11, 2009

F.6 Distribution of Gross Domestic Product (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5 6 7

Gross Domestic Product (GDP) Personal consumption expenditures (2) Durable goods Nondurable goods Services Gross private domestic investment Fixed investment

8 9 10 11 12 13

Nonresidential Household sector (nonprofit organizations) Nonfinancial corporate business Nonfarm noncorporate business Farm business Financial corporations

14 15 16 17 18

Residential Household sector Nonfinancial corporate business Nonfarm noncorporate business REITs

19 20 21 22

Change in private inventories Nonfinancial corporate business Nonfarm noncorporate business Farm business

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

10960.8

11685.9

12421.9

13178.4

13807.5

14264.6

14150.8

14294.5

14412.8

14200.3

14089.7

1

7703.6

8195.9

8694.1

9207.2

9710.2

10057.9

10002.3

10138.0

10163.5

9927.9

9941.0

2

942.7 2190.2 4570.8

983.9 2343.7 4868.3

1020.8 2514.1 5159.2

1052.0 2685.2 5469.9

1082.8 2833.0 5794.4

1023.2 2965.1 6069.6

1071.0 2950.7 5980.6

1059.3 3026.2 6052.5

1016.2 3044.6 6102.7

946.3 2839.0 6142.5

964.2 2797.4 6179.4

3 4 5

1664.1

1888.6

2086.1

2220.4

2130.4

1993.5

2056.1

2000.9

2010.9

1906.1

1598.7

6

1649.8

1830.0

2042.8

2171.1

2134.0

2040.5

2081.7

2077.0

2060.6

1942.7

1720.1

7

1077.4 91.2 743.5 116.4 28.4 97.9

1154.5 98.3 783.9 103.3 31.5 137.5

1273.1 101.7 885.5 135.8 34.0 116.1

1414.1 109.1 1000.1 172.9 32.3 99.7

1503.8 116.9 1057.7 160.2 35.2 133.8

1552.8 123.0 1089.0 191.1 36.4 113.2

1553.6 121.5 1090.1 183.0 37.0 122.0

1571.9 124.0 1102.7 196.3 37.0 111.9

1581.2 125.7 1108.9 192.2 36.9 117.5

1504.3 120.8 1054.5 193.1 34.6 101.4

1336.6 106.7 935.9 170.2 31.0 92.8

8 9 10 11 12 13

572.4 492.6 4.0 76.0 -0.2

675.5 576.5 4.4 89.1 5.5

769.6 660.0 4.7 102.5 2.5

757.0 644.7 4.9 103.8 3.5

630.2 548.3 4.7 86.4 -9.3

487.7 416.5 3.8 67.3 0.1

528.1 450.8 4.2 72.4 0.7

505.0 430.5 4.0 69.3 1.2

479.4 409.4 3.8 65.8 0.4

438.4 375.4 3.5 61.6 -2.0

383.4 321.0 3.0 58.3 1.1

14 15 16 17 18

14.3 13.2 0.7 0.4

58.6 48.0 2.5 8.0

43.3 40.9 2.2 0.3

49.3 50.6 2.7 -3.9

-3.6 -5.0 -0.3 1.6

-47.0 -42.3 -2.2 -2.4

-25.6 -24.5 -1.3 0.2

-76.0 -68.3 -3.6 -4.1

-49.7 -43.2 -2.3 -4.2

-36.6 -33.3 -1.8 -1.5

-121.4 -115.0 -6.1 -0.3

19 20 21 22

23

Net U.S. exports of goods and services

-499.4

-615.4

-713.6

-757.3

-707.8

-669.2

-705.7

-718.2

-707.7

-545.1

-333.4

23

24 25

Exports - Imports

1040.8 1540.2

1182.4 1797.8

1311.5 2025.1

1480.8 2238.1

1662.4 2370.2

1859.4 2528.6

1820.8 2526.5

1923.2 2641.4

1968.9 2676.6

1724.7 2269.7

1539.3 1872.7

24 25

26

Government consumption expenditures and gross investment

2092.5

2216.8

2355.3

2508.1

2674.8

2882.4

2798.1

2873.7

2946.1

2911.4

2883.3

26

1736.5 662.7 1073.8

1844.0 723.7 1120.3

1957.5 766.3 1191.2

2081.5 811.8 1269.6

2212.0 856.1 1355.9

2386.4 931.9 1454.4

2324.3 898.0 1426.3

2380.9 918.2 1462.7

2439.8 954.2 1485.7

2400.5 957.5 1443.0

2388.0 960.1 1427.8

27 28 29

356.0 93.7 262.2

372.8 101.9 270.9

397.8 109.2 288.6

426.7 120.3 306.3

462.8 123.2 339.6

496.0 140.0 356.0

473.9 128.5 345.3

492.8 138.0 354.9

506.3 143.9 362.4

510.9 149.5 361.4

495.4 142.0 353.4

30 31 32

56.8 336.8 280.0

76.2 437.5 361.3

93.0 573.5 480.5

78.3 725.4 647.1

102.4 861.7 759.3

133.2 798.3 665.1

138.2 843.2 705.1

113.9 822.8 708.9

126.8 815.6 688.7

153.9 711.6 557.7

148.6 586.9 438.4

33 34 35

11017.6

11762.1

12514.9

13256.6

13910.0

14397.8

14289.0

14408.3

14539.6

14354.3

14238.2

36

27 28 29

Consumption expenditures (3) Federal State and local

30 31 32

Gross investment (3) Federal State and local Memo:

33 34 35

Net U.S. income receipts from rest of the world U.S. income receipts - U.S. income payments

36

Gross National Product (GNP) = GDP + net U.S. income receipts

(1) This table is based on NIPA table 1.1.5 in the Survey of Current Business, Department of Commerce. (2) Component of personal outlays, found on table F.100, line 4. (3) Government inventory investment is included in consumption expenditures.


13

Z.1, June 11, 2009

F.7 Distribution of National Income (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5

National Income Compensation of employees Wages and other labor income Employer social insurance contributions Wage accruals less disbursements

9

Proprietors’ income with inventory valuation and capital consumption adjustments Nonfarm Farm Rental income of persons (with capital consumption adjustment)

10

Corporate profits with inventory valuation and capital consumption adjustments

6 7 8

11

Corporate profits with inventory valuation adjustment

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

9632.3

10306.8

10974.0

11795.7

12270.9

12427.4

12447.6

12468.6

12491.4

12302.0

12254.5

1

6325.4 5928.3 382.1 15.0

6656.4 6263.1 408.3 -15.0

7030.8 6597.7 428.1 5.0

7433.8 6984.1 448.5 1.3

7812.3 7353.9 464.7 -6.3

8052.8 7574.9 477.9 0.0

8009.7 7533.3 476.4 0.0

8033.5 7555.7 477.8 0.0

8092.9 7613.1 479.9 0.0

8074.9 7597.5 477.4 0.0

8024.0 7547.1 476.9 0.0

2 3 4 5

811.3 782.1 29.2

911.6 874.3 37.3

959.8 925.7 34.1

1014.7 998.6 16.2

1056.2 1012.2 44.0

1072.4 1037.9 34.6

1071.7 1030.1 41.6

1076.9 1039.0 38.0

1080.5 1048.2 32.4

1060.6 1034.2 26.3

1039.6 1015.5 24.1

6 7 8

133.0

118.4

40.9

44.3

40.0

64.4

39.1

58.6

68.5

91.4

89.8

9

993.1

1231.2

1447.9

1668.5

1642.4

1476.5

1593.5

1533.3

1514.8

1264.5

1307.1

10

894.5

1161.6

1582.8

1834.2

1835.1

1548.2

1641.5

1596.0

1602.8

1352.6

1452.0

11

12 13 14 15 16

Profits before tax Domestic nonfinancial Farm Rest of the world Domestic financial

908.1 424.3 1.1 165.5 317.3

1204.7 660.1 2.3 193.4 348.9

1620.6 952.7 3.1 239.4 425.3

1873.7 1125.9 1.5 267.5 478.8

1886.3 1089.8 2.0 344.7 449.9

1597.3 899.3 2.5 386.6 308.9

1750.9 937.3 2.3 398.5 412.8

1750.0 990.9 2.4 373.5 383.2

1693.7 1004.0 2.4 378.4 308.8

1194.5 664.9 2.8 395.9 130.9

1346.6 705.4 2.4 386.6 252.2

12 13 14 15 16

17 18 19 20

Less: Taxes on corporate income Domestic nonfinancial Farm Domestic financial

243.3 135.1 0.5 107.6

307.4 190.2 0.8 116.4

413.7 273.7 0.9 139.2

468.9 308.7 0.6 159.6

450.4 320.4 0.7 129.3

366.6 270.2 0.5 95.9

402.9 279.2 0.6 123.1

406.8 293.4 0.6 112.8

393.5 303.2 0.6 89.8

263.2 204.9 0.4 58.0

294.8 215.5 0.4 78.9

17 18 19 20

21 22 23 24 25 26

Equals: Profits after tax Net dividends Domestic nonfinancial Farm Rest of the world Domestic financial

664.8 424.7 290.6 2.1 32.0 100.1

897.3 539.5 364.2 2.8 47.8 124.7

1206.9 577.4 181.2 3.0 260.9 132.3

1404.8 702.1 471.9 2.5 73.3 154.4

1435.9 788.7 500.9 2.6 117.6 167.6

1230.6 832.1 505.9 2.7 168.2 155.3

1348.0 832.5 491.3 2.7 177.6 160.8

1343.2 846.4 511.4 2.8 164.8 167.4

1300.1 841.1 495.6 2.8 193.8 148.9

931.2 808.3 525.0 2.6 136.5 144.1

1051.8 766.1 458.9 2.5 192.3 112.4

21 22 23 24 25 26

27 28 29 30 31

Undistributed profits Domestic nonfinancial Farm Rest of the world Domestic financial

240.0 -1.4 -1.5 133.5 109.6

357.8 105.7 -1.3 145.6 107.8

629.5 497.9 -0.7 -21.4 153.8

702.7 345.2 -1.5 194.2 164.8

647.3 268.5 -1.3 227.1 152.9

398.6 123.2 -0.8 218.4 57.7

515.5 166.8 -1.0 220.9 128.9

496.7 186.0 -1.0 208.7 103.0

459.1 205.2 -0.9 184.7 70.1

122.9 -65.1 -0.2 259.4 -71.2

285.7 31.1 -0.6 194.3 60.9

27 28 29 30 31

32

Inventory valuation adjustment

-13.6

-43.1

-37.8

-39.5

-51.2

-49.0

-109.4

-154.0

-90.9

158.1

105.3

32

33 34 35 36

Capital consumption adjustment Domestic nonfinancial Farm Domestic financial

98.7 80.3 0.0 18.3

69.7 62.4 0.0 7.3

-134.8 -116.7 0.0 -18.2

-165.7 -149.0 0.0 -16.7

-192.7 -172.5 0.0 -20.2

-71.7 -64.7 0.0 -7.0

-48.0 -42.8 0.0 -5.2

-62.7 -56.1 0.0 -6.6

-88.0 -80.3 0.0 -7.7

-88.1 -79.6 0.0 -8.5

-144.9 -131.2 0.0 -13.7

33 34 35 36

37

Net interest and miscellaneous payments

524.7

491.2

569.1

631.2

664.4

682.7

662.3

683.4

656.6

728.6

718.4

37

38 39 40 41

Taxes on production and imports Less: Subsidies Business current transfer payments (net) Current surplus of government enterprises

807.2 47.9 83.8 1.7

863.8 44.6 83.0 -4.2

928.2 59.3 70.0 -13.4

976.2 49.7 85.4 -8.6

1015.5 52.3 100.2 -7.9

1033.8 50.7 103.6 -8.1

1025.8 50.6 103.2 -7.1

1039.4 50.8 102.1 -7.7

1044.1 50.3 92.1 -8.0

1026.1 51.2 116.8 -9.6

1014.8 50.5 122.8 -11.6

38 39 40 41

Memo: Calculation of Gross Domestic Product from National Income: (2) 42

National Income, from line 1 above

9632.3

10306.8

10974.0

11795.7

12270.9

12427.4

12447.6

12468.6

12491.4

12302.0

12254.5

42

43 44 45

Plus: Private consumption of fixed capital Government consumption of fixed capital Statistical discrepancy

1118.3 218.2 48.8

1206.0 230.2 19.2

1359.7 252.3 -71.2

1356.0 268.0 -163.0

1431.1 289.4 -81.4

1523.1 309.2 138.1

1477.5 300.5 63.4

1497.4 305.7 136.6

1585.9 312.1 150.2

1531.7 318.4 202.2

1536.2 322.8 124.8

43 44 45

46

Less: Net U.S. income receipts from rest of the world

56.8

76.2

93.0

78.3

102.4

133.2

138.2

113.9

126.8

153.9

148.6

46

47

Equals: Gross Domestic Product

10960.8

11685.9

12421.9

13178.4

13807.5

14264.6

14150.8

14294.5

14412.8

14200.3

14089.7

47

(1) This table corresponds to NIPA table 1.12 in the Survey of Current Business, Department of Commerce. (2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Department of Commerce.


14

Z.1, June 11, 2009

F.8 Saving and Investment (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

1

Gross saving

1459.0

1618.1

1844.2

2038.5

1956.0

1697.7

1773.6

1634.6

1670.5

1712.3

1676.0

1

2

Net saving

122.5

182.0

232.2

414.5

235.6

-134.6

-4.4

-168.5

-227.5

-137.9

-183.0

2

515.0

551.1

494.4

569.5

454.5

470.5

378.7

547.9

420.1

535.2

721.7

3

3

Net private saving

4

Personal saving

174.9

181.7

32.5

70.7

57.4

192.7

20.6

267.9

139.8

342.3

475.5

4

5 6 7 8 9

Undistributed corporate profits w/IVA & CCA Undistributed profits Inventory valuation adjustment Capital consumption adjustment Wage accruals less disbursements

325.1 240.0 -13.6 98.7 15.0

384.4 357.8 -43.1 69.7 -15.0

456.9 629.5 -37.8 -134.8 5.0

497.5 702.7 -39.5 -165.7 1.3

403.4 647.3 -51.2 -192.7 -6.3

277.8 398.6 -49.0 -71.7 0.0

358.1 515.5 -109.4 -48.0 0.0

280.0 496.7 -154.0 -62.7 0.0

280.3 459.1 -90.9 -88.0 0.0

192.9 122.9 158.1 -88.1 0.0

246.2 285.7 105.3 -144.9 0.0

5 6 7 8 9

-392.5

-369.1

-262.2

-155.0

-218.9

-605.1

-383.1

-716.4

-647.6

-673.1

-904.6

10

-372.1 -20.4

-370.6 1.5

-291.7 29.5

-201.1 46.2

-229.3 10.4

-525.0 -80.1

-330.7 -52.4

-649.6 -66.9

-544.0 -103.6

-575.7 -97.4

-830.4 -74.2

11 12

10 11 12

Net government saving Federal State and local

13

Consumption of fixed captal

1336.5

1436.1

1612.0

1623.9

1720.5

1832.3

1778.0

1803.1

1898.1

1850.1

1859.0

13

14 15 16

Private Domestic business Households and institutions

1118.3 916.6 201.7

1206.0 970.2 235.8

1359.7 1062.3 297.4

1356.0 1085.5 270.5

1431.1 1147.0 284.1

1523.1 1225.0 298.1

1477.5 1186.1 291.4

1497.4 1205.6 291.8

1585.9 1266.0 320.0

1531.7 1242.5 289.2

1536.2 1248.7 287.5

14 15 16

17 18 19

Government Federal State and local

218.2 90.4 127.8

230.2 94.0 136.1

252.3 99.1 153.2

268.0 105.6 162.3

289.4 111.8 177.6

309.2 117.9 191.3

300.5 115.0 185.5

305.7 116.9 188.8

312.1 119.2 192.9

318.4 120.5 197.9

322.8 121.7 201.1

17 18 19

1507.8

1637.3

1773.0

1875.5

1874.6

1835.9

1837.0

1771.2

1820.7

1914.5

1800.8

20

2020.0

2261.4

2483.9

2647.0

2593.2

2489.5

2530.0

2493.8

2517.2

2417.0

2094.0

21

1664.1 1649.8 1077.4 572.4 14.3

1888.6 1830.0 1154.5 675.5 58.6

2086.1 2042.8 1273.1 769.6 43.3

2220.4 2171.1 1414.1 757.0 49.3

2130.4 2134.0 1503.8 630.2 -3.6

1993.5 2040.5 1552.8 487.7 -47.0

2056.1 2081.7 1553.6 528.1 -25.6

2000.9 2077.0 1571.9 505.0 -76.0

2010.9 2060.6 1581.2 479.4 -49.7

1906.1 1942.7 1504.3 438.4 -36.6

1598.7 1720.1 1336.6 383.4 -121.4

22 23 24 25 26

356.0

372.8

397.8

426.7

462.8

496.0

473.9

492.8

506.3

510.9

495.4

27

3.2

2.4

4.0

3.9

1.8

2.4

2.4

2.6

2.6

2.2

2.3

28

20 21 22 23 24 25 26 27

Gross domestic investment, capital account transactions, and net lending, NIPAs Gross domestic investment Gross private domestic investment Fixed investment Nonresidential Residential Change in private inventories Gross government investment

28

Capital account transactions (net)

29

Net lending or net borrowing (-), NIPAs

-515.5

-626.5

-714.9

-775.5

-720.4

-656.1

-695.4

-725.2

-699.1

-504.8

-295.6

29

30

Statistical discrepancy (line 20 less line 1)

48.8

19.2

-71.2

-163.0

-81.4

138.1

63.4

136.6

150.2

202.2

124.8

30

(1) This table corresponds to NIPA table 5.1 in the Survey of Current Business, Department of Commerce.

F.9 Net Capital Transfers (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

11.2

13.6

12.0

14.8

2.7

-1.0

-0.3

0.4

-1.5

-2.5

-4.0

1

2 3 4 5 6 7

Capital transfers received by government (net) Federal Estate and gift taxes paid by persons - Capital transfers paid to persons - Capital transfers paid to the rest of the world (net) - Federal investment grants to state and local govts. - Capital transfers paid to business

-40.4 22.0 14.8 1.9 45.5 0.2

-38.4 24.6 16.1 0.7 46.3 0.0

-42.2 25.0 15.9 2.3 48.9 0.1

-42.4 27.8 16.4 1.7 52.1 0.0

-56.0 26.5 28.7 0.1 53.6 0.0

-129.6 28.2 34.3 0.0 55.5 67.9

-57.2 29.2 34.5 0.0 51.8 0.0

-57.7 29.8 34.5 0.0 52.9 0.0

-65.4 27.8 34.5 0.0 58.6 0.0

-338.1 25.9 33.8 0.0 58.7 271.6

-283.5 24.4 33.8 -0.0 50.8 223.4

2 3 4 5 6 7

8 9 10

State and local Estate and gift taxes paid by persons + Federal investment grants to state and local govts.

51.6 6.1 45.5

52.1 5.8 46.3

54.2 5.3 48.9

57.2 5.1 52.1

58.7 5.1 53.6

60.7 5.2 55.5

56.9 5.1 51.8

58.1 5.1 52.9

63.8 5.2 58.6

64.0 5.3 58.7

56.1 5.4 50.8

8 9 10

11 12 13

Capital transfers received by rest of the world (net) Capital transfers received from U.S. government (net) - Migrants’ transfers received by persons (net)

3.4 1.9 -1.5

2.4 0.7 -1.7

4.1 2.3 -1.8

3.8 1.7 -2.1

2.3 0.1 -2.2

2.0 0.0 -2.0

2.0 0.0 -2.0

2.0 0.0 -2.0

2.0 0.0 -2.0

2.0 0.0 -2.0

2.0 -0.0 -2.0

11 12 13

14 15 16 17

Memo: Acquisition of nonproduced nonfinancial assets (net) Nonfinancial corporate business State and local governments Federal governments Rest of the world

-10.8 10.9 -0.2 0.2

-10.6 10.5 0.0 0.0

-9.0 9.4 -0.5 0.1

3.8 9.6 -13.3 -0.1

-10.2 11.0 -1.3 0.5

16.4 11.0 -27.0 -0.4

-3.0 11.1 -7.7 -0.4

82.2 11.0 -92.6 -0.6

-3.8 11.0 -6.6 -0.6

-9.9 11.0 -0.9 -0.2

-10.1 11.1 -0.6 -0.3

14 15 16 17

(1) This table is based on NIPA table 5.10 in the Survey of Current Business, Department of Commerce.


15

Z.1, June 11, 2009

F.10 Derivation of Measures of Personal Saving (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Net acquisition of financial assets

909.1

1400.3

1197.2

1218.1

1403.8

727.9

1303.0

1076.7

1136.9

-604.9

-281.2

1

2 3 4 5

Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares

2.2 -34.0 331.9 -109.2

5.4 58.6 450.3 -50.6

2.4 -48.9 510.5 50.0

5.3 33.0 506.8 171.8

13.0 -13.1 491.6 249.4

-17.4 144.9 209.5 240.3

-22.5 -170.2 463.7 612.7

-22.2 32.3 8.3 -149.1

-17.1 7.3 478.0 156.9

-7.9 710.3 -112.0 340.6

-5.1 -114.2 42.1 82.4

2 3 4 5

6

Securities

223.4

175.0

49.4

-293.2

-163.6

-120.5

-472.3

800.6

54.4

-864.6

110.8

6

-4.5 8.9 22.0 146.3 24.7 -145.3 -103.2 274.4

30.2 0.6 31.5 30.3 40.3 93.5 -267.9 216.4

28.1 0.7 -93.7 101.2 78.7 114.5 -408.2 228.1

23.4 -2.7 -80.2 -54.7 52.2 177.4 -635.6 227.1

-38.0 -6.0 -130.8 319.6 37.2 186.2 -800.4 268.6

-139.2 -2.4 76.0 31.4 42.3 -166.6 74.4 -36.3

-128.9 -4.2 -71.1 -272.4 -16.5 -297.7 248.7 69.9

-138.9 -1.1 262.6 27.4 -8.7 3.0 189.3 467.0

-174.6 -1.3 125.8 532.8 78.0 -215.2 -44.2 -246.8

-114.5 -3.0 -13.2 -162.1 116.2 -156.5 -96.2 -435.2

-12.5 -0.3 1234.1 -1395.7 83.4 212.2 217.8 -228.1

7 8 9 10 11 12 13 14

7 8 9 10 11 12 13 14

Open market paper U.S. savings bonds Other Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Corporate equities (2) Mutual fund shares

15 16

Life insurance reserves Pension fund reserves

66.8 281.6

33.1 298.1

16.1 231.2

65.6 212.7

34.2 148.2

67.0 85.4

36.2 18.4

52.9 71.6

83.0 62.0

96.0 189.7

28.5 44.6

15 16

17

Miscellaneous and other assets

146.6

430.4

386.6

516.0

644.1

118.7

837.0

282.2

312.4

-956.8

-470.5

17

18 19 20 21 22

Gross investment in tangible assets Residential fixed investment Other fixed assets (3) Consumer durables Inventories (3)

1680.8 568.6 236.0 875.1 1.1

1818.4 665.6 233.1 909.1 10.6

1974.5 762.5 271.5 938.0 2.4

2025.6 748.5 314.4 964.0 -1.2

1941.8 634.8 312.3 993.4 1.3

1768.8 483.8 350.5 939.2 -4.6

1846.7 523.2 341.5 983.1 -1.1

1821.7 499.8 357.3 972.2 -7.7

1756.2 475.1 354.7 932.8 -6.5

1650.8 437.0 348.5 868.6 -3.3

1565.8 379.3 307.9 885.0 -6.4

18 19 20 21 22

23 24 25 26

Consumption of fixed capital Residential fixed investment Other fixed assets (3) Consumer durables

1057.6 195.8 192.5 669.4

1141.0 233.6 204.9 702.5

1274.8 341.7 196.1 737.0

1272.0 261.2 243.3 767.6

1320.7 273.7 252.9 794.2

1345.8 289.0 259.0 797.8

1319.9 280.1 254.8 784.9

1334.5 284.4 254.5 795.6

1384.4 302.0 280.2 802.2

1344.4 289.5 246.4 808.5

1339.9 290.0 244.5 805.5

23 24 25 26

27

Net investment in tangible assets (4)

623.2

677.3

699.7

753.6

621.0

423.0

526.9

487.2

371.8

306.3

225.9

27

372.8 43.5 205.7 1.1

432.0 28.3 206.6 10.6

420.8 75.4 201.1 2.4

487.4 71.1 196.4 -1.2

361.1 59.4 199.2 1.3

194.8 91.5 141.4 -4.6

243.1 86.7 198.1 -1.1

215.5 102.8 176.7 -7.7

173.1 74.5 130.6 -6.5

147.4 102.1 60.1 -3.3

89.3 63.4 79.5 -6.4

28 29 30 31

1111.5

1509.7

1693.8

1844.9

1470.5

126.9

1007.3

7.2

683.8

-1190.6

-527.4

32

800.6 129.7 104.4 -0.7 34.3 43.2

1020.2 154.5 115.0 1.6 81.5 136.9

1104.8 118.7 94.5 0.8 -31.6 406.7

1052.1 242.0 104.4 3.3 59.7 383.3

689.7 260.2 133.6 3.6 33.4 349.9

-98.8 117.8 44.0 5.9 -160.7 218.7

249.3 154.3 120.8 4.8 159.2 318.9

-76.6 148.4 101.0 4.4 -295.4 125.5

-311.5 114.8 35.4 4.4 443.4 397.3

-256.5 53.8 -81.0 10.1 -949.9 33.0

-50.2 19.2 -90.7 -3.7 -124.7 -277.3

33 34 35 36 37 38

28 29 30 31 32 33 34 35 36 37 38

Residential fixed investment Other fixed assets (3) Consumer durables Inventories (3) Net increase in liabilities Mortgage debt on nonfarm homes Other mortgage debt (3) Consumer credit Policy loans Security credit Other liabilities (3)

39

Net capital transfers (5)

-14.8

-16.0

-16.1

-18.6

-5.1

-1.0

-1.7

-2.4

-0.5

0.5

2.0

39

40

Personal saving, with consumer durables (FOF)

435.6

583.9

219.2

145.4

559.4

1025.1

824.4

1559.1

825.4

891.6

470.1

40

41

Less net investment in consumer durables

205.7

206.6

201.1

196.4

199.2

141.4

198.1

176.7

130.6

60.1

79.5

41

42

= Personal saving, without consumer durables (FOF) (6)

229.8

377.3

18.2

-51.0

360.2

883.7

626.3

1382.4

694.8

831.5

390.6

42

43

Personal saving (NIPA, excludes consumer durables)

174.9

181.7

32.5

70.7

57.4

192.7

20.6

267.9

139.8

342.3

475.5

43

44

Difference

55.0

195.6

-14.3

-121.7

302.8

691.1

605.6

1114.5

555.0

489.2

-84.9

44

45

Memo: Disposable personal income

8162.5

8680.9

9062.0

9640.7

10170.5

10643.3

10425.5

10806.0

10699.7

10642.0

10783.9

45

46 47 48 49

Personal saving as a percentage of disposable personal income: With consumer durables (FOF) (line 40) Without consumer durables (FOF) (line 42) Without consumer durables (NIPA) (line 43) Difference (line 44)

5.3 2.8 2.1 0.7

6.7 4.3 2.1 2.3

2.4 0.2 0.4 -0.2

1.5 -0.5 0.7 -1.3

5.5 3.5 0.6 3.0

9.6 8.3 1.8 6.5

7.9 6.0 0.2 5.8

14.4 12.8 2.5 10.3

7.7 6.5 1.3 5.2

8.4 7.8 3.2 4.6

4.4 3.6 4.4 -0.8

46 47 48 49

(1) Consolidated statement for households and nonprofit organizations, nonfarm noncorporate business, and farm business. (2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15 and 16)). (3) Includes corporate farms. (4) Line 18 less line 23. (5) Table F.9, line 13 plus line 4 less lines 3 and 9. (6) Line 42 and 43 are conceptually equivalent but measure saving using different data. Line 42 is net acquisition of financial assets (line 1) plus net investment in tangible assets net of consumer durables (line 27 less line 41) less net increase in liabilities (line 32) less net capital transfers (line 39). Line 43 is disposable personal income (line 45) less personal outlays (table F.100, line 4).


16

Z.1, June 11, 2009

F.100 Households and Nonprofit Organizations (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5

Personal income - Personal current taxes = Disposable personal income - Personal outlays = Personal saving, NIPA (2)

6 7 8 9

+ Government insurance and pension reserves (3) + Net investment in consumer durables + Consumption of fixed capital + Net capital transfers (4)

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

9163.6 1001.1 8162.5 7987.7 174.9

9727.2 1046.3 8680.9 8499.2 181.7

10269.8 1207.8 9062.0 9029.5 32.5

10993.9 1353.2 9640.7 9570.0 70.7

11663.2 1492.8 10170.5 10113.1 57.4

12100.6 1457.3 10643.3 10450.7 192.7

11960.5 1535.0 10425.5 10404.9 20.6

12152.2 1346.1 10806.0 10538.2 267.9

12170.4 1470.7 10699.7 10559.9 139.8

12119.5 1477.4 10642.0 10299.7 342.3

12060.6 1276.7 10783.9 10308.4 475.5

1 2 3 4 5

-0.6 205.7 873.2 -14.8

0.0 206.6 940.6 -16.0

0.7 201.1 1036.8 -16.1

0.1 196.4 1040.7 -18.6

0.1 199.2 1080.9 -5.1

-0.6 141.4 1098.6 -1.0

-2.7 198.1 1079.0 -1.7

0.5 176.7 1090.1 -2.4

-1.6 130.6 1125.0 -0.5

1.4 60.1 1100.5 0.5

0.8 79.5 1095.9 2.0

6 7 8 9

10

= Gross saving and net capital transfers

1238.5

1312.9

1254.9

1289.3

1332.5

1431.0

1293.3

1532.7

1393.2

1504.7

1653.6

10

11

Gross investment

1295.6

1509.8

1240.6

1169.0

1636.5

2123.5

1902.7

2647.7

1950.8

1992.8

1568.5

11

12 13 14 15

Capital expenditures Residential Consumer durable goods Nonprofit nonresidential

1458.9 492.6 875.1 91.2

1583.9 576.5 909.1 98.3

1699.8 660.0 938.0 101.7

1717.8 644.7 964.0 109.1

1658.6 548.3 993.4 116.9

1478.7 416.5 939.2 123.0

1555.4 450.8 983.1 121.5

1526.8 430.5 972.2 124.0

1467.9 409.4 932.8 125.7

1364.8 375.4 868.6 120.8

1312.7 321.0 885.0 106.7

12 13 14 15

16

Net financial investment

-163.3

-74.1

-459.1

-548.8

-22.1

644.8

347.3

1120.9

482.9

628.0

255.9

16

17

Net acquisition of financial assets

861.9

1083.2

689.4

710.5

881.9

552.4

937.2

895.0

948.6

-571.2

-16.3

17

18 19 20 21

Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares

2.2 -40.5 287.2 -111.5

5.4 -28.8 446.2 -56.1

2.4 -113.5 477.0 45.2

5.3 -27.7 475.4 165.2

13.0 -69.1 422.2 232.4

-17.4 127.4 178.1 235.3

-22.5 -206.9 412.1 603.5

-22.2 15.5 -27.3 -154.5

-17.1 -7.4 440.5 151.5

-7.9 708.3 -112.7 340.4

-5.1 -86.0 70.5 88.3

18 19 20 21

22

Credit market instruments

56.4

230.6

232.2

94.8

352.9

-150.9

-793.7

175.8

353.3

-338.9

123.5

22

-4.5 28.9 8.9 20.0 146.3 25.4 -145.3 0.3 5.2

30.2 26.8 0.6 26.2 30.3 38.6 93.5 2.8 8.3

28.1 -99.0 0.7 -99.7 101.2 78.6 114.5 2.7 6.1

23.4 -83.1 -2.7 -80.3 -54.7 50.8 177.4 -0.3 -18.7

-38.0 -146.3 -6.0 -140.3 319.6 36.2 186.2 9.1 -14.0

-139.2 70.1 -2.4 72.5 31.4 41.9 -166.6 10.4 1.1

-128.9 -81.7 -4.2 -77.6 -272.4 -17.1 -297.7 10.7 -6.5

-138.9 257.6 -1.1 258.8 27.4 -9.1 3.0 8.7 27.1

-174.6 120.7 -1.3 122.1 532.8 77.6 -215.2 20.8 -8.9

-114.5 -16.4 -3.0 -13.4 -162.1 116.2 -156.5 1.5 -7.1

-12.5 1237.9 -0.3 1238.3 -1395.7 83.8 212.2 2.5 -4.6

23 24 25 26 27 28 29 30 31

-103.2 274.4 62.7 66.8 281.6 30.9 55.0

-267.9 216.4 103.0 33.1 298.1 50.9 52.4

-408.2 228.1 -3.0 16.1 231.2 -70.9 52.8

-635.6 227.1 80.4 65.6 212.7 7.1 40.1

-800.4 268.6 210.8 34.2 148.2 1.4 67.8

74.4 -36.3 -123.8 67.0 85.4 35.7 77.6

248.7 69.9 472.4 36.2 18.4 1.7 97.4

189.3 467.0 30.2 52.9 71.6 28.9 67.7

-44.2 -246.8 25.9 83.0 62.0 39.2 108.8

-96.2 -435.2 -1023.6 96.0 189.7 72.9 36.3

217.8 -228.1 -340.9 28.5 44.6 45.3 25.1

32 33 34 35 36 37 38

1025.2

1157.4

1148.5

1259.2

904.0

-92.4

589.9

-225.9

465.7

-1199.2

-272.2

39

985.1

1057.8

1166.1

1185.5

854.9

49.5

410.2

52.5

7.2

-272.1

-151.8

40

860.3 104.4 14.1 12.1 -1.5 -4.3

937.4 115.0 10.3 -23.0 0.3 17.8

1037.2 94.5 16.5 9.7 0.0 8.1

978.0 104.4 21.8 49.9 4.8 26.7

655.7 133.6 22.6 13.4 3.2 26.4

-51.7 44.0 20.5 20.7 6.2 9.8

251.8 120.8 13.8 6.6 4.0 13.1

-31.7 101.0 33.2 -72.4 6.9 15.5

-253.0 35.4 23.6 189.1 3.9 8.3

-173.9 -81.0 11.3 -40.5 9.9 2.2

-5.2 -90.7 16.8 -68.3 -3.9 -0.5

41 42 43 44 45 46

34.3 4.8

81.5 16.5

-31.6 13.0

59.7 13.6

33.4 14.6

-160.7 15.7

159.2 15.3

-295.4 15.6

443.4 15.8

-949.9 16.1

-124.7 6.4

47 48

23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

Open market paper Treasury securities Savings bonds Other Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances (5) Mortgages Corporate equities (6) Mutual fund shares Security credit Life insurance reserves Pension fund reserves Equity in noncorporate business Miscellaneous assets Net increase in liabilities Credit market instruments Home mortgages (7) Consumer credit Municipal securities Bank loans n.e.c. (8) Other loans and advances Commercial mortgages Security credit Trade payables Deferred and unpaid life insurance premiums Discrepancy

0.9

1.6

1.0

0.5

1.0

3.2

5.2

1.6

-0.8

6.7

-2.0

49

-57.1

-196.9

14.3

120.3

-304.0

-692.5

-609.4

-1115.0

-557.5

-488.0

85.1

50

(1) Sector includes farm households and domestic hedge funds. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end outstandings of nonprofit organizations. (2) See table F.10 for derivation of alternative measures of personal saving. (3) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. (4) Table F.9, line 13 plus line 4 less lines 3 and 9. (5) Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds. (6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 33) and life insurance and pension reserves (lines 35 and 36). (7) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table F.218, line 22. (8) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.108, line 17.


17

Z.1, June 11, 2009

F.101 Nonfinancial Business (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Income before taxes

1289.7

1623.1

1958.7

2191.4

2207.6

2070.8

2069.2

2157.9

2190.0

1866.0

1883.2

1

2

Gross saving and net capital transfers

1014.1

1127.6

1302.4

1315.8

1285.6

1310.5

1281.0

1252.1

1346.7

1362.0

1305.4

2

3

Gross investment

1001.9

1198.9

1155.9

1165.8

1118.2

1314.6

1224.9

1205.2

1368.5

1459.6

1398.1

3

4

971.7

1060.2

1196.8

1367.2

1330.4

1357.1

1358.1

1415.4

1354.0

1300.7

1067.0

4

5 6 7

Fixed investment Residential Nonresidential

968.3 80.0 888.3

1012.2 93.5 918.7

1162.5 107.1 1055.4

1314.1 108.7 1205.3

1344.2 91.1 1253.1

1387.6 71.1 1316.5

1386.7 76.6 1310.1

1409.2 73.3 1336.0

1407.5 69.5 1337.9

1347.2 65.1 1282.1

1198.5 61.3 1137.2

5 6 7

8 9

Change in inventories Nonproduced nonfinancial assets

14.3 -10.8

58.6 -10.6

43.3 -9.0

49.3 3.8

-3.6 -10.2

-47.0 16.4

-25.6 -3.0

-76.0 82.2

-49.7 -3.8

-36.6 -9.9

-121.4 -10.1

8 9

10

Capital expenditures

30.2

138.7

-40.9

-201.4

-212.2

-42.5

-133.2

-210.2

14.4

158.9

331.1

10

11

Net acquisition of financial assets

164.2

1155.2

1396.0

1234.6

1567.4

710.0

1026.2

798.4

716.1

299.4

329.0

11

12 13 14 15 16

Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

17.6 56.3 116.1 -34.4 -0.2

15.6 74.8 41.8 30.9 0.4

6.9 138.6 83.5 46.9 8.1

-11.2 -58.0 78.1 73.6 1.0

1.5 54.3 15.6 147.7 -7.5

-19.7 -19.7 -29.7 176.6 -2.6

-8.2 47.0 -21.3 230.6 -11.3

-2.6 -23.8 -28.5 134.2 3.8

-45.6 77.4 61.4 -12.0 -13.3

-22.6 -179.2 -130.6 353.8 10.3

30.1 71.8 -98.2 41.1 3.8

12 13 14 15 16

17

Credit market instruments

-1.7

42.6

53.7

-11.7

-65.0

-98.4

-260.2

-38.8

-91.0

-3.4

63.3

17

10.9 3.5 -4.8 2.6 2.3 -16.2

19.3 5.6 0.1 -1.9 19.4 0.1

16.0 23.6 6.5 0.4 7.0 0.2

11.7 -6.3 -2.4 -2.7 -10.0 -2.1

-53.0 2.6 -2.6 2.6 -13.0 -1.6

-57.3 -1.1 -1.7 -21.7 -16.7 0.1

-140.9 -30.8 -13.8 -85.2 -14.9 25.3

-16.7 12.8 3.3 -8.7 -16.5 -13.1

-46.2 -5.4 -3.4 4.9 -16.6 -24.4

-25.5 19.0 7.0 2.1 -18.8 12.7

40.6 7.7 -23.0 40.2 -21.4 19.2

18 19 20 21 22 23

11.0 -42.4 41.8

1.4 155.5 792.0

6.7 344.3 707.3

30.7 21.7 1110.5

2.0 251.6 1167.1

-6.8 -48.5 758.9

-6.8 75.9 980.7

-6.8 -15.4 776.3

-6.8 -26.4 772.3

-6.8 -228.3 506.3

-6.8 -231.3 455.3

24 25 26

134.0

1016.5

1436.9

1436.0

1779.6

752.6

1159.4

1008.6

701.7

140.5

-2.1

27

176.8

452.9

674.5

884.9

1260.5

544.1

800.3

660.0

546.7

169.6

-28.3

28

18 19 20 21 22 23 24 25 26 27 28

Net financial investment

Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit Mutual fund shares Trade receivables Miscellaneous assets Net increase in liabilities Credit market instruments

29 30 31

Commercial paper Municipal securities Corporate bonds

-37.3 3.5 152.2

15.3 5.1 75.5

-7.7 7.4 56.7

22.4 5.0 215.6

11.3 7.8 311.2

7.7 3.1 204.6

42.9 3.8 181.0

-77.3 4.5 354.9

62.8 2.5 92.3

2.2 1.7 190.1

-151.9 4.1 570.3

29 30 31

32 33 34

Bank loans n.e.c. Other loans and advances Mortgages

-88.3 11.6 135.2

28.2 57.4 271.3

124.8 115.4 378.0

125.4 137.3 379.2

228.7 318.5 383.1

174.5 55.0 99.3

249.3 114.9 208.4

157.9 81.8 138.1

227.5 73.8 87.6

63.3 -50.6 -37.1

-284.4 -129.6 -36.8

32 33 34

-41.1 -80.9 -12.2 57.0

-124.4 121.2 15.1 496.6

-360.7 248.9 13.8 930.0

-602.7 122.7 8.7 1008.5

-831.2 149.9 8.7 1190.4

-380.8 -142.8 3.4 709.6

-475.1 -10.5 9.6 848.9

-262.4 -153.7 -2.0 739.8

-399.6 -149.9 3.0 682.4

-386.0 -257.0 3.1 567.4

-297.0 -300.2 -1.0 585.5

35 36 37 38

34.3

55.1

-69.7

13.9

1.3

19.0

-13.8

27.0

19.2

43.5

38.8

39

12.1

-71.3

146.5

150.0

167.3

-4.1

56.1

46.9

-21.8

-97.6

-92.7

40

35 36 37 38

Corporate equities Trade payables Taxes payable Miscellaneous liabilities

39

Proprietors’ net investment

40

Discrepancy

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.


18

Z.1, June 11, 2009

F.102 Nonfarm Nonfinancial Corporate Business Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5 6 7 8 9 10

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

Profits before tax (book) - Taxes on corporate income - Net dividends + Capital consumption allowance (1) = U.S. internal funds, book + Foreign earnings retained abroad + Inventory valuation adjustment (IVA) + Net capital transfers (2) = Total internal funds + IVA

424.3 135.1 290.6 733.4 732.0 112.7 -13.6 0.2 831.3

660.1 190.2 364.2 745.0 850.7 120.9 -43.1 0.0 928.5

952.7 273.7 181.2 622.2 1120.1 -17.2 -37.8 0.1 1065.1

1125.9 308.7 471.9 621.1 966.3 159.1 -39.5 0.0 1086.0

1089.8 320.4 500.9 644.4 912.9 185.3 -51.2 0.0 1047.0

899.3 270.2 505.9 811.8 935.1 178.0 -49.0 0.0 1064.1

937.3 279.2 491.3 804.1 970.9 179.6 -109.4 0.0 1041.2

990.9 293.4 511.4 806.6 992.6 170.0 -154.0 0.0 1008.7

1004.0 303.2 495.6 823.4 1028.7 150.4 -90.9 0.0 1088.2

664.9 204.9 525.0 813.1 748.1 212.1 158.1 0.0 1118.3

705.4 215.5 458.9 767.0 798.1 158.5 105.3 0.0 1061.9

1 2 3 4 5 6 7 8 9

Gross investment

819.1

999.8

918.6

936.0

879.7

1068.2

985.1

961.7

1110.0

1215.9

1154.6

10

749.9 747.5 13.2 -10.8

825.7 788.3 48.0 -10.6

922.0 890.2 40.9 -9.0

1059.4 1004.9 50.6 3.8

1047.3 1062.4 -5.0 -10.2

1066.9 1092.9 -42.3 16.4

1066.7 1094.2 -24.5 -3.0

1120.6 1106.6 -68.3 82.2

1065.7 1112.7 -43.2 -3.8

1014.7 1057.9 -33.3 -9.9

813.8 938.9 -115.0 -10.1

11 12 13 14

11 12 13 14

Capital expenditures Fixed investment (3) Inventory change + IVA Nonproduced nonfinancial assets

15

Net financial investment

69.2

174.1

-3.4

-123.4

-167.6

1.2

-81.7

-158.8

44.3

201.2

340.8

15

16

Net acquisition of financial assets

82.6

783.1

957.8

713.1

1044.2

515.5

674.2

589.8

508.6

289.6

555.1

16

17 18 19 20 21

Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

17.6 49.9 71.5 -36.7 -0.2

15.6 -12.5 37.7 25.3 0.4

6.9 74.0 49.9 42.1 8.1

-11.2 -118.7 46.6 67.0 1.0

1.5 -1.7 -53.8 130.6 -7.5

-19.7 -37.2 -61.2 171.6 -2.6

-8.2 10.3 -72.9 221.4 -11.3

-2.6 -40.6 -64.2 128.8 3.8

-45.6 62.8 23.9 -17.4 -13.3

-22.6 -181.2 -131.4 353.7 10.3

30.1 100.0 -69.9 47.0 3.8

17 18 19 20 21

22

Credit market instruments

-3.2

31.1

42.3

-11.7

-81.2

-104.4

-271.2

-45.3

-97.5

-3.6

70.4

22

10.9 1.4 -4.8 3.3 2.2 -16.2

19.3 0.3 0.1 -3.6 14.8 0.1

16.0 17.6 6.5 0.3 1.7 0.2

11.7 -6.5 -2.4 -4.0 -8.4 -2.1

-53.0 -6.9 -2.6 1.6 -18.9 -1.6

-57.3 -4.6 -1.7 -22.1 -18.9 0.1

-140.9 -37.2 -13.8 -85.9 -18.9 25.3

-16.7 9.1 3.3 -9.1 -18.9 -13.1

-46.2 -9.1 -3.4 4.5 -18.9 -24.4

-25.5 18.9 7.0 2.1 -18.9 12.7

40.6 11.9 -23.0 40.6 -18.9 19.2

23 24 25 26 27 28

11.0 -17.2

1.4 128.9

6.7 277.7

30.7 -18.2

2.0 172.3

-6.8 -77.9

-6.8 22.2

-6.8 -47.0

-6.8 -57.8

-6.8 -229.2

-6.8 -196.5

29 30

-10.0 122.6 18.4 0.0 2.6 -153.6

555.2 270.2 18.9 0.0 2.6 263.4

450.0 21.3 20.7 0.0 64.4 343.6

727.6 217.9 6.6 0.0 22.9 480.2

881.9 264.3 7.4 0.0 -54.8 665.0

653.9 250.3 9.9 0.0 -2.0 395.6

790.9 294.9 11.6 0.0 7.3 477.0

663.7 302.7 17.7 0.0 -8.9 352.1

660.3 158.9 23.8 0.0 7.0 470.6

500.6 244.9 -13.6 0.0 -13.5 282.8

576.9 229.2 -2.4 0.0 -10.1 360.3

31 32 33 34 35 36

23 24 25 26 27 28

Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit

29 30

Mutual fund shares Trade receivables

31 32 33 34 35 36

Miscellaneous assets U.S. direct investment abroad (4) Insurance receivables Equity in GSEs Investment in finance co. subs. Other

37 38

Net increase in liabilities Net funds raised in markets

39

Net new equity issues

40

Credit market instruments

41 42 43 44 45 46 47 48 49 50 51 52

Commercial paper Municipal securities (5) Corporate bonds (4) Bank loans n.e.c. Other loans and advances (6) Mortgages Trade payables Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Pension fund contributions payable Other

13.4

609.0

961.2

836.5

1211.8

514.3

755.8

748.6

464.4

88.5

214.3

37

45.8

77.3

-30.6

-137.2

6.0

-18.2

-19.2

188.7

3.9

-246.1

-156.4

38

-41.1

-124.4

-360.7

-602.7

-831.2

-380.8

-475.1

-262.4

-399.6

-386.0

-297.0

39

86.9

201.7

330.1

465.4

837.2

362.6

455.9

451.1

403.5

139.9

140.6

40

-37.3 3.5 152.2 -99.2 6.8 61.0

15.3 5.1 75.5 -1.2 55.1 51.9

-7.7 7.4 56.7 -31.9 105.8 199.9

22.4 5.0 215.6 17.0 115.8 89.7

11.3 7.8 311.2 91.8 299.8 115.3

7.7 3.1 204.6 70.3 38.6 38.3

42.9 3.8 181.0 98.3 60.2 69.8

-77.3 4.5 354.9 67.9 51.0 50.1

62.8 2.5 92.3 104.6 101.7 39.6

2.2 1.7 190.1 10.5 -58.5 -6.1

-151.9 4.1 570.3 -139.3 -131.1 -11.5

41 42 43 44 45 46

-54.7 -11.7 34.0 40.2 -0.2 -6.1

97.3 6.8 427.8 95.7 -3.1 335.2

199.4 5.1 787.2 98.7 -1.9 690.4

110.3 -0.3 863.7 188.1 -2.0 677.5

105.3 1.3 1099.2 239.0 4.4 855.7

-152.0 0.6 683.9 230.7 0.7 452.5

-15.0 4.5 785.5 234.6 1.8 549.1

-151.2 -4.9 716.0 314.4 1.9 399.7

-187.2 0.0 647.7 119.6 -0.9 529.0

-254.7 3.0 586.3 254.0 0.1 332.2

-277.2 2.3 645.6 227.8 0.1 417.7

47 48 49 50 51 52

53

Discrepancy

12.1

-71.3

146.5

150.0

167.3

-4.1

56.1

46.9

-21.8

-97.6

-92.7

53

54

Memo: Financing gap (7)

31.5

18.1

-160.2

132.5

185.6

180.9

205.2

281.9

127.9

108.5

-89.6

54

(1) Consumption of fixed capital plus capital consumption adjustment. (2) Table F.9, portion of line 7 that is maritime contruction subsidies. (3) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 10 and 16 respectively. (4) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues. (5) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds. (6) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table F.216. (7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).


19

Z.1, June 11, 2009

F.103 Nonfarm Noncorporate Business Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

1 2

Net income with IVA and CCAdj Gross saving = capital consumption

836.2 161.4

925.7 176.0

971.9 211.9

1049.3 203.9

1073.8 211.0

1137.0 216.4

1090.3 211.0

1129.1 214.1

1153.6 227.5

1174.8 212.9

1153.7 212.9

1 2

3

Gross investment

161.4

176.0

211.9

203.9

211.0

216.4

211.0

214.1

227.5

212.9

212.9

3

4 5 6

Capital expenditures Fixed investment (1) Change in inventories

193.1 192.4 0.7

195.0 192.4 2.5

240.5 238.3 2.2

279.4 276.8 2.7

246.4 246.7 -0.3

256.2 258.4 -2.2

254.2 255.5 -1.3

262.0 265.6 -3.6

255.6 257.9 -2.3

252.9 254.7 -1.8

222.5 228.5 -6.1

4 5 6

7

Net financial investment

-31.7

-19.0

-28.6

-75.6

-35.4

-39.8

-43.2

-47.9

-28.2

-40.0

-9.6

7

8

Net acquisition of financial assets

79.6

369.0

436.2

515.3

518.0

191.0

348.6

205.1

204.0

6.2

-226.3

8

9 10 11 12 13 14 15 16 17 18 19 20

Checkable deposits and currency Time and savings deposits Money market mutual funds Treasury securities Municipal securities Mortgages Consumer credit Trade receivables Miscellaneous assets Insurance receivables Equity investment in GSEs (2) Other

5.8 44.7 2.3 2.1 -0.7 0.1 0.0 -25.1 50.5 4.4 0.3 45.8

86.3 4.1 5.6 5.3 1.7 4.6 0.0 26.6 234.9 3.5 -0.1 231.4

63.9 33.6 4.8 6.0 0.1 5.3 0.0 66.6 256.0 4.9 -0.1 251.2

58.6 31.4 6.6 0.2 1.3 -1.5 0.0 40.0 378.9 1.6 0.1 377.2

54.2 69.5 17.1 9.5 1.0 5.8 0.0 79.2 281.7 1.7 0.3 279.7

16.3 31.4 5.0 3.5 0.4 2.2 0.0 29.4 102.7 2.1 0.3 100.3

35.5 51.7 9.2 6.4 0.7 3.9 0.0 53.7 187.5 2.7 0.2 184.6

15.6 35.7 5.4 3.8 0.4 2.3 0.0 31.6 110.3 2.8 0.2 107.4

13.5 37.6 5.4 3.8 0.4 2.3 0.0 31.4 109.7 5.6 0.6 103.5

0.8 0.8 0.2 0.1 0.0 0.1 0.0 1.0 3.4 -2.8 0.3 5.8

-28.3 -28.4 -6.0 -4.2 -0.4 -2.6 0.0 -34.9 -121.7 -0.6 0.3 -121.4

9 10 11 12 13 14 15 16 17 18 19 20

111.2

388.0

464.8

590.9

553.4

230.8

391.8

253.0

232.1

46.2

-216.7

21

91.6 11.3 4.7 75.5 -25.7 -0.5 23.0 22.9

245.2 27.2 1.2 216.7 22.2 8.4 68.9 43.4

331.6 154.5 3.7 173.4 52.0 8.7 142.8 -70.3

408.7 105.2 13.9 289.6 20.0 9.0 144.8 8.4

407.1 134.6 11.0 261.5 45.7 7.5 91.2 2.0

170.2 101.0 11.6 57.6 17.0 2.8 25.7 15.1

314.7 149.6 29.8 135.3 30.9 5.0 63.4 -22.4

183.2 83.0 15.6 84.7 18.2 3.0 23.7 24.8

158.8 122.0 -7.9 44.7 18.1 3.0 34.7 17.6

24.0 49.4 9.0 -34.4 0.6 0.1 -18.9 40.4

-172.9 -143.3 -1.5 -28.0 -20.1 -3.3 -60.2 39.7

22 23 24 25 26 27 28 29

21 22 23 24 25 26 27 28 29

Net increase in liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities Proprietors’ net investment

(1) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 11 and 17 respectively. (2) Equity in the Farm Credit System.

F.104 Farm Business (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1 2 3 4 5

Proprietors’ net income with IVA and CCAdj Net saving (corporate) Consumption of fixed capital Corporate Noncorporate

29.2 -1.5 22.9 4.4 18.5

37.3 -1.3 24.4 4.8 19.6

34.1 -0.7 26.1 5.1 21.0

16.2 -1.5 27.5 5.1 22.4

44.0 -1.3 28.8 5.4 23.3

34.6 -0.8 30.8 5.9 24.9

41.6 -1.0 29.9 5.7 24.2

38.0 -1.0 30.3 5.8 24.5

32.4 -0.9 31.9 6.0 25.9

26.3 -0.2 31.0 6.0 25.1

24.1 -0.6 31.1 6.0 25.1

1 2 3 4 5

6

Gross saving

21.4

23.1

25.4

26.0

27.5

30.0

28.9

29.3

31.1

30.8

30.6

6

7

Gross investment

21.4

23.1

25.4

26.0

27.5

30.0

28.9

29.3

31.1

30.8

30.6

7

8 9 10

Capital expenditures Fixed investment (2) Change in inventories

28.8 28.4 0.4

39.5 31.5 8.0

34.3 34.0 0.3

28.4 32.3 -3.9

36.8 35.2 1.6

34.0 36.4 -2.4

37.2 37.0 0.2

32.9 37.0 -4.1

32.7 36.9 -4.2

33.1 34.6 -1.5

30.7 31.0 -0.3

8 9 10

11

Net financial investment

-7.4

-16.4

-8.9

-2.5

-9.3

-3.9

-8.3

-3.5

-1.6

-2.3

-0.1

11

12

Net acquisition of financial assets

2.0

3.1

2.0

6.2

5.2

3.5

3.5

3.5

3.6

3.6

0.2

12

13 14 15 16

Checkable deposits and currency Miscellaneous assets Insurance receivables Equity investment in GSEs (3)

0.7 1.3 0.9 0.4

1.0 2.0 1.8 0.2

0.7 1.3 1.2 0.1

2.1 4.1 3.9 0.2

1.8 3.4 2.9 0.5

1.2 2.3 2.0 0.3

1.2 2.3 2.0 0.4

1.2 2.3 2.1 0.2

1.2 2.3 1.7 0.7

1.2 2.3 2.4 -0.0

0.1 0.1 -0.1 0.2

13 14 15 16

9.4

19.5

10.9

8.7

14.4

7.5

11.8

7.1

5.2

5.9

0.3

17

-1.6 -0.4 0.1 -1.3 -0.4 11.5

6.0 2.2 1.1 2.7 1.8 11.6

12.8 2.2 5.9 4.6 -2.5 0.6

10.8 3.3 7.6 -0.0 -7.7 5.5

16.2 2.3 7.6 6.3 -1.1 -0.7

11.3 3.2 4.8 3.3 -7.7 3.9

29.6 1.3 25.0 3.3 -26.4 8.6

25.6 7.1 15.2 3.3 -20.7 2.1

-15.7 0.9 -19.9 3.4 19.2 1.6

5.7 3.4 -1.1 3.4 -2.9 3.1

4.0 -1.8 3.1 2.7 -2.8 -0.9

18 19 20 21 22 23

17 18 19 20 21 22 23

Net increase in liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Proprietors’ net investment

(1) Corporate and noncorporate farms. (2) Nonresidential fixed investment, shown in table F.6, line 12. (3) Equity in the Farm Credit System.


20

Z.1, June 11, 2009

F.105 State and Local Governments, Excluding Employee Retirement Funds (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

1494.2

1594.3

1714.4

1811.4

1902.8

1935.1

1922.9

1955.4

1944.9

1917.3

1932.4

1

226.6 717.5 35.3 19.8 72.9 422.7 -0.6

249.0 769.2 43.0 23.6 75.4 437.2 -3.0

277.1 829.0 56.3 24.2 85.9 450.3 -8.3

303.3 878.2 60.7 23.1 94.7 456.5 -5.0

325.4 917.8 60.9 22.8 100.3 481.3 -5.7

333.4 937.6 47.6 23.7 103.7 496.7 -7.6

333.7 929.9 53.3 23.3 102.9 486.4 -6.6

346.4 942.4 54.5 23.6 103.9 491.8 -7.1

329.0 949.4 51.9 23.9 103.2 495.4 -7.9

324.3 928.7 30.7 24.2 105.0 513.3 -8.9

297.8 925.1 37.7 24.4 106.4 550.2 -9.2

2 3 4 5 6 7 8

Current expenditures, NIPA basis

1514.5

1592.8

1684.9

1765.3

1892.4

2015.2

1975.3

2022.3

2048.5

2014.8

2006.6

9

10 11 12 13 14

Consumption expenditures Govt. social benefit payments to persons Interest payments Subsidies - Wage accruals less disbursements

1073.8 353.0 87.7 0.1 0.0

1120.3 383.8 88.4 0.4 0.0

1191.2 403.5 89.9 0.4 0.0

1269.6 401.0 94.3 0.4 0.0

1355.9 430.8 98.5 7.1 0.0

1454.4 455.8 102.0 3.0 0.0

1426.3 444.2 100.9 4.0 0.0

1462.7 454.5 102.1 3.0 0.0

1485.7 458.4 102.2 2.2 0.0

1443.0 466.1 102.8 2.8 0.0

1427.8 472.8 103.9 2.0 0.0

10 11 12 13 14

15

Net state and local govt. saving, NIPA basis

-20.4

1.5

29.5

46.2

10.4

-80.1

-52.4

-66.9

-103.6

-97.4

-74.2

15

16 17

+ Consumption of fixed capital + Net capital transfers (2)

127.8 51.6

136.1 52.1

153.2 54.2

162.3 57.2

177.6 58.7

191.3 60.7

185.5 56.9

188.8 58.1

192.9 63.8

197.9 64.0

201.1 56.1

16 17

18

= Gross saving and net capital transfers

159.0

189.7

236.9

265.7

246.6

171.9

190.0

180.0

153.1

164.5

183.0

18

19

Gross investment

202.9

248.4

305.2

325.9

295.1

267.2

233.1

256.5

255.1

323.9

253.6

19

270.9 10.5

288.6 9.4

306.3 9.6

339.6 11.0

356.0 11.0

345.3 11.1

354.9 11.0

362.4 11.0

361.4 11.0

353.4 11.1

20 21

2 3 4 5 6 7 8 9

Current receipts, NIPA basis

2004

Personal current taxes Taxes on production and imports Taxes on corporate income Contributions for govt. social insurance Income receipts on assets Current transfer receipts Current surplus of government enterprises

20 21

Fixed investment Nonproduced nonfinancial assets

262.2 10.9

22

Net financial investment

-70.2

-33.0

7.2

10.0

-55.5

-99.8

-123.3

-109.4

-118.3

-48.5

-110.8

22

79.1

112.8

211.4

196.1

168.5

-18.2

-5.6

-47.2

-4.2

-15.9

36.8

23

23

Net acq. of financial assets

24 25 26 27

Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

7.0 20.3 4.0 7.9

-6.2 11.6 3.9 7.7

10.3 12.8 5.1 10.0

5.2 26.2 6.8 13.5

-1.7 36.2 4.9 9.7

9.3 19.1 2.1 -15.4

-16.1 13.3 -1.1 -2.2

15.3 1.2 -1.2 -21.3

11.5 4.8 1.1 -87.9

26.6 57.1 9.7 49.6

-14.5 61.5 -13.0 -40.0

24 25 26 27

28

Credit market instruments

58.3

72.4

154.0

118.5

41.5

-98.6

-114.5

-69.5

56.2

-266.5

-41.2

28

10.3 9.5 22.5

10.1 24.9 21.9

13.1 92.3 28.4

17.6 35.5 38.3

-7.3 14.5 14.6

-71.4 -8.7 -10.5

-66.9 -36.8 -6.3

-17.8 -28.8 -11.9

-77.2 83.2 46.0

-123.6 -52.5 -69.5

-24.7 7.9 -28.5

29 30 31

0.3 7.1 8.5

0.3 6.9 8.3

0.4 9.0 10.8

0.5 12.1 14.5

0.3 8.8 10.5

-0.1 -3.6 -4.3

-0.1 -2.0 -2.4

0.0 -5.0 -5.9

0.1 1.9 2.3

-0.4 -9.4 -11.2

0.1 3.6 0.3

32 33 34

29 30 31

Open market paper Treasury securities Agency- and GSE-backed securities

32 33 34

Municipal securities Corporate and foreign bonds Mortgages

35 36

Corporate equities Mutual fund shares

-17.0 -5.2

-4.2 -1.3

2.5 0.8

-4.4 -1.3

2.4 0.7

16.8 8.0

43.7 13.4

-2.6 12.1

-8.4 -6.1

34.3 12.7

18.4 27.7

35 36

37 38 39

Trade receivables Taxes receivable Miscellaneous assets

8.1 7.7 -12.0

7.9 26.1 -5.2

10.2 41.4 -35.6

13.8 48.0 -30.2

10.0 48.4 16.4

-4.4 32.2 12.6

-2.3 39.6 20.7

-6.8 39.1 -13.6

2.2 36.9 -14.4

-10.6 13.3 57.7

4.1 17.4 16.3

37 38 39

149.2

145.8

204.3

186.1

224.0

81.6

117.7

62.1

114.0

32.5

147.6

40

40

Net increase in liabilities

41

Credit market instruments

120.1

115.4

171.7

151.2

185.9

40.4

77.5

20.5

71.6

-7.9

108.4

41

42 43 44 45

Municipal securities Short-term Other U.S. government loans

120.0 10.4 109.6 0.1

115.1 -5.9 121.0 0.3

171.1 5.7 165.3 0.6

150.6 -3.1 153.7 0.6

185.3 17.3 168.0 0.7

39.6 11.9 27.7 0.8

77.1 -4.6 81.6 0.4

19.7 8.6 11.0 0.8

70.5 29.0 41.5 1.1

-8.9 14.5 -23.4 1.0

107.8 -6.6 114.5 0.6

42 43 44 45

29.2

30.4

32.5

34.9

38.1

41.2

40.2

41.6

42.5

40.4

39.2

46

-43.9

-58.7

-68.3

-60.2

-48.5

-95.2

-43.1

-76.4

-102.0

-159.4

-70.6

47

46 47

Trade payables Discrepancy

(1) Data for retirement funds are shown in table F.119. (2) Table F.9, line 8.


21

Z.1, June 11, 2009

F.106 Federal Government Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5 6 7 8 9

Current receipts, NIPA basis Personal current taxes Taxes on production and imports Taxes on corporate income Taxes from the rest of the world Contributions for govt. social insurance Income receipts on assets Current transfer receipts Current surplus of government enterprises

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

1879.9

2008.9

2266.9

2510.4

2651.2

2569.3

2672.5

2478.8

2595.7

2530.3

2374.8

1

774.5 89.7 197.8 8.9 758.9 22.9 25.0 2.3

797.4 94.6 250.3 10.0 805.2 23.8 28.8 -1.2

930.7 99.2 341.0 12.1 850.0 24.0 15.0 -5.0

1049.9 98.0 388.9 13.4 902.4 25.7 35.7 -3.6

1167.3 97.7 365.4 14.0 942.3 29.2 37.5 -2.2

1124.0 96.2 291.1 15.5 972.0 31.8 39.3 -0.5

1201.2 95.8 322.5 15.3 968.9 29.9 39.4 -0.5

999.8 96.9 324.4 14.8 971.8 31.7 40.0 -0.6

1141.7 94.7 313.4 15.2 976.0 32.4 22.4 -0.1

1153.1 97.3 204.3 16.5 971.0 33.1 55.6 -0.7

979.0 89.7 231.2 14.0 969.5 33.5 60.3 -2.4

2 3 4 5 6 7 8 9

10

Current expenditures, NIPA basis

2252.1

2379.5

2558.6

2711.6

2880.5

3094.3

3003.2

3128.4

3139.8

3105.9

3205.2

10

11 12 13 14 15 16

Consumption expenditures Government social benefits Other current transfer payments Interest payments Subsidies - Wage accruals less disbursements

662.7 966.5 362.2 212.9 47.8 0.0

723.7 1015.3 375.2 221.0 44.2 0.0

766.3 1081.6 396.5 255.4 58.9 0.0

811.8 1180.4 387.7 282.3 49.4 0.0

856.1 1254.2 412.5 312.6 45.2 0.0

931.9 1382.3 424.2 308.2 47.7 0.0

898.0 1305.3 423.9 329.4 46.6 0.0

918.2 1443.1 417.0 302.3 47.8 0.0

954.2 1376.5 418.4 342.6 48.2 0.0

957.5 1404.2 437.3 258.5 48.3 0.0

960.1 1486.3 463.2 247.1 48.5 0.0

11 12 13 14 15 16

17

Net federal government saving, NIPA basis

-372.1

-370.6

-291.7

-201.1

-229.3

-525.0

-330.7

-649.6

-544.0

-575.7

-830.4

17

18 19 20

+ Consumption of fixed capital - Insurance and pension reserves (1) + Net capital transfers (2)

90.4 -0.6 -40.4

94.0 0.0 -38.4

99.1 0.7 -42.2

105.6 0.1 -42.4

111.8 0.1 -56.0

117.9 -0.6 -61.7

115.0 -2.7 -57.2

116.9 0.5 -57.7

119.2 -1.6 -65.4

120.5 1.4 -66.5

121.7 0.8 -60.1

18 19 20

21

= Gross saving and net capital transfers

-321.5

-315.1

-235.5

-138.1

-173.6

-468.2

-270.3

-590.9

-488.5

-523.0

-769.6

21

22 23 24

Gross investment Fixed investment Nonproduced nonfinancial assets

-382.9 93.7 -0.2

-334.2 101.9 0.0

-266.1 109.2 -0.5

-157.4 120.3 -13.3

-220.1 123.2 -1.3

-560.0 140.0 -27.0

-337.4 128.5 -7.7

-470.3 138.0 -92.6

-647.3 143.9 -6.6

-785.1 149.5 -0.9

-927.6 142.0 -0.6

22 23 24

-476.4

-436.1

-374.8

-264.4

-342.0

-673.1

-458.2

-515.6

-784.6

-933.8

-1069.0

25

34.0

1.9

29.3

-11.1

4.1

671.3

36.4

-51.5

1376.5

1323.9

369.1

26

-1.8 9.3 -25.2

-3.1 -31.0 -0.0

-14.4 12.2 -1.0

-2.7 -2.7 0.2

-0.4 25.1 1.2

4.2 313.1 -1.3

0.4 9.3 3.8

4.5 -48.1 -8.0

-0.3 1256.8 4.3

12.3 34.4 -5.1

3.6 -338.3 0.5

27 28 29

25 26

Net financial investment Net acq. of financial assets

27 28 29

Gold, SDRs, and official foreign exchange Checkable deposits and currency Time and savings deposits

30 31 32 33 34

Credit market instruments Agency- and GSE-backed securities Other loans and advances Mortgages Consumer credit (3)

-2.6 0.0 -2.0 -2.5 1.9

2.3 0.0 -3.0 1.6 3.7

-0.9 0.0 -7.0 2.4 3.7

6.1 0.0 0.6 3.7 1.9

6.4 0.0 -2.2 1.9 6.7

77.8 54.4 6.9 3.9 12.6

11.3 0.0 -1.4 2.1 10.6

20.0 0.0 3.8 6.1 10.1

15.8 13.2 1.7 -3.4 4.2

264.2 204.5 23.5 10.8 25.5

303.2 209.1 57.2 5.6 31.2

30 31 32 33 34

35 36 37 38

Corporate equities (4) Trade receivables Taxes receivable Miscellaneous assets

0.0 19.1 33.9 1.4

0.0 10.5 22.6 0.6

0.0 9.1 25.8 -1.4

0.0 0.4 -13.4 1.0

0.0 0.2 -29.4 1.0

256.3 0.1 -0.1 21.1

0.0 2.1 11.8 -2.2

0.0 -4.5 -22.1 6.7

0.0 3.5 24.6 71.8

1025.4 -0.6 -14.8 8.2

347.5 4.4 56.9 -8.6

35 36 37 38

510.4

438.0

404.1

253.2

346.2

1344.4

494.7

464.1

2161.1

2257.7

1438.1

39

0.0 0.6

0.0 0.7

0.0 0.8

0.0 0.6

0.0 0.7

0.0 -0.8

0.0 -0.9

0.0 -0.5

0.0 -1.2

0.0 -0.8

0.0 -0.0

40 41

396.0 8.9 389.5 -2.4 0.0

361.9 0.6 361.9 -0.6 0.0

306.9 0.7 306.6 -0.4 0.0

183.4 -2.7 186.4 -0.3 0.0

237.1 -6.0 243.4 -0.4 0.0

1239.2 -2.4 1241.4 0.2 0.0

412.7 -4.2 415.6 1.3 0.0

310.4 -1.1 311.3 0.3 0.0

2078.5 -1.3 2081.6 -1.7 0.0

2155.2 -3.0 2157.2 1.0 0.0

1439.6 -0.3 1443.1 -3.2 0.0

42 43 44 45 46

72.4 1.1 40.3 24.7 15.6

15.1 1.1 59.2 40.9 18.3

32.6 1.1 62.8 40.0 22.8

5.7 1.5 62.1 35.8 26.3

29.0 1.2 78.2 33.3 44.9

-6.7 1.0 111.7 63.3 48.4

30.6 -0.3 52.6 29.0 23.6

48.8 2.0 103.5 45.3 58.2

-21.3 -0.4 105.4 55.3 50.1

-85.0 2.8 185.5 123.7 61.8

-5.0 -0.2 3.7 0.9 2.8

47 48 49 50 51

61.4

19.2

30.6

19.3

46.6

91.9

67.1

-120.6

158.8

262.1

158.0

52

-24.8

-3.1

4.6

-5.5

27.5

308.6

32.7

-65.3

1260.1

6.9

-318.2

53

39

Net increase in liabilities

40 41

SDR certificates Treasury currency

42 43 44 45 46

Credit market instruments Savings bonds Other Treasury securities Budget agency securities Multifamily residential mortgages

47 48 49 50 51

Trade payables Insurance reserves Miscellaneous liabilities (5) Nonmarketable securities held by pension plans Other

52

Discrepancy

53

Memo: Change in cash balance (6)

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. (2) Table F.9, line 2 plus the portion of line 7 that is to financial businesses. (3) Student loans. (4) Corporate equities purchased from financial businesses under the Troubled Assets Relief Program (TARP) and from GSEs at issuance price. (5) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement and disability fund. (6) Time and savings deposits (line 29) plus checkable deposit and currency liabilities of the monetary authority and commercial banking sectors (table F.204, lines 3 and 7).


22

Z.1, June 11, 2009

F.107 Rest of the World Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008 Q1

Q2

2008 Q3

Q4

2009 Q1

1 2 3 4

Foreign income from U.S. U.S. imports U.S. income payments to rest of world Current taxes and trans. payments to rest of world

1889.8 1540.2 280.0 69.7

2244.0 1797.8 361.3 84.9

2595.9 2025.1 480.5 90.3

2977.7 2238.1 647.1 92.5

3242.7 2370.2 759.3 113.2

3311.3 2528.6 665.1 117.7

3357.0 2526.5 705.1 125.4

3468.6 2641.4 708.9 118.2

3480.9 2676.6 688.7 115.6

2938.9 2269.7 557.7 111.4

2419.4 1872.7 438.4 108.4

1 2 3 4

5 6 7

Foreign outlays to U.S. U.S. exports U.S. income receipts from rest of world

1377.6 1040.8 336.8

1619.9 1182.4 437.5

1885.0 1311.5 573.5

2206.1 1480.8 725.4

2524.1 1662.4 861.7

2657.7 1859.4 798.3

2664.0 1820.8 843.2

2746.0 1923.2 822.8

2784.5 1968.9 815.6

2436.3 1724.7 711.6

2126.2 1539.3 586.9

5 6 7

8 9

Net capital transfers (1) Gross saving and net capital transfers (2)

3.4 515.6

2.4 626.5

4.1 715.0

3.8 775.4

2.3 720.9

2.0 655.6

2.0 695.0

2.0 724.6

2.0 698.5

2.0 504.6

2.0 295.3

8 9

Gross investment Nonproduced nonfinancial assets

529.6 0.2

530.0 0.0

696.8 0.1

835.1 -0.1

773.0 0.5

529.0 -0.4

746.2 -0.4

479.3 -0.6

585.8 -0.6

304.6 -0.2

61.5 -0.3

10 11

10 11 12 13

Net financial investment Net acquisition of financial assets

529.4

530.0

696.7

835.2

772.5

529.4

746.6

479.9

586.4

304.8

61.9

12

817.1

1404.0

1076.0

1831.1

1685.7

722.9

1219.5

524.4

1019.8

127.9

14.4

13

14 15 16 17 18 19

Gold and SDRs (3) Net interbank assets U.S. checkable deposits and currency U.S. time deposits Money market fund shares Security RPs

0.6 -10.1 14.6 5.2 2.6 270.1

-0.4 8.8 22.4 34.1 4.1 204.9

4.5 -12.3 14.9 6.7 0.1 48.2

-0.2 -9.4 11.4 11.5 2.6 109.4

-0.2 -153.6 -5.4 40.3 7.4 80.2

-0.1 372.1 68.3 44.4 8.5 -531.4

-0.1 -361.2 39.4 86.1 8.5 -17.3

-0.1 41.6 -13.4 11.9 8.5 -463.2

-0.1 497.4 59.9 -19.6 8.5 -371.8

-0.1 1310.5 187.2 99.5 8.5 -1273.1

-0.1 -622.1 -24.6 -96.9 8.5 20.8

14 15 16 17 18 19

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37

Credit market instruments Open market paper Treasury securities Official Private Agency- and GSE-backed securities Official Private Municipal securities U.S. corporate bonds (4) Loans to U.S. corporate business U.S. corporate equities Mutual fund shares Trade receivables Security credit Miscellaneous assets Foreign direct investment in U.S. (5) Other

582.8 66.2 276.4 184.9 91.5 12.3 46.8 -34.5 8.0 220.8 -0.8 5.2 26.2 1.3 0.0 -81.3 63.8 -145.0

854.4 37.0 366.9 273.3 93.6 178.2 93.5 84.7 6.5 259.5 6.3 25.0 32.7 -1.1 0.0 219.0 146.0 73.1

749.0 9.9 245.1 112.8 132.3 134.3 88.5 45.8 3.0 328.5 28.3 56.9 32.2 7.9 0.0 167.8 112.6 55.2

974.8 48.0 150.4 208.6 -58.2 222.7 202.6 20.1 5.4 541.0 7.4 119.0 24.0 5.9 0.0 582.2 242.0 340.2

1014.7 -9.6 215.7 58.9 156.8 278.2 237.0 41.2 -1.4 425.0 106.7 176.2 14.0 20.8 0.0 491.5 237.5 254.0

527.1 -45.1 749.9 442.2 307.6 -164.4 -8.6 -155.8 8.0 27.6 -48.8 20.6 1.2 6.1 0.0 206.2 325.3 -119.1

723.0 11.0 607.6 354.6 253.1 184.8 271.9 -87.1 2.0 4.7 -87.1 87.6 11.2 43.4 0.0 599.0 326.1 272.9

882.4 -16.0 495.3 232.6 262.8 179.8 326.4 -146.6 6.0 279.1 -61.8 -30.8 23.6 23.1 0.0 40.9 423.2 -382.3

196.9 -94.1 822.5 465.9 356.5 -336.5 -86.5 -250.1 12.0 -159.9 -47.1 12.2 -10.2 7.7 0.0 639.1 229.3 409.8

306.1 -81.5 1074.0 715.8 358.2 -685.7 -546.0 -139.6 12.0 -13.5 0.9 13.2 -19.7 -49.9 0.0 -454.3 322.5 -776.8

136.8 -48.3 636.1 479.0 157.0 -318.0 -94.0 -224.0 -4.0 -32.9 -96.1 0.9 1.4 -10.5 0.0 600.3 269.8 330.5

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37

287.7

874.0

379.3

995.9

913.2

193.5

472.9

44.6

433.5

-176.9

-47.5

38

-0.9 36.0

-3.2 89.9

-9.6 40.8

-2.6 88.0

-0.0 216.7

4.7 -290.7

1.0 -375.6

5.0 -370.7

0.6 -284.2

12.4 -132.1

4.1 -84.4

39 40

43.0 18.9 28.7 -2.5 -0.6 3.8 -5.7 -2.1 0.0 118.0 6.1 0.0 85.6 1.4 0.2 149.6 -65.6

155.3 69.2 85.8 3.8 1.0 4.5 -1.7 -3.7 0.1 84.8 3.5 0.0 543.8 2.0 -0.0 316.2 225.6

113.0 38.6 64.5 14.5 -2.9 4.7 12.7 -4.6 -0.0 186.7 6.3 0.0 42.1 1.3 -2.2 36.2 6.8

332.6 98.4 227.8 13.8 -0.7 3.8 10.7 -7.4 -0.1 137.4 6.2 0.0 434.2 2.0 -0.0 241.2 191.0

122.3 -69.3 170.7 24.1 -0.0 8.3 15.8 -3.3 0.1 118.0 11.2 0.0 445.1 1.7 23.9 333.3 86.2

-152.1 -71.0 -84.7 5.1 0.7 2.8 1.6 -1.6 0.0 -6.3 -10.8 0.0 648.6 1.4 529.7 317.8 -200.3

278.3 212.0 32.9 35.4 0.4 30.6 4.4 -1.6 -0.3 107.4 -10.1 0.0 471.9 0.4 -11.8 373.3 110.1

79.5 41.7 48.9 -9.0 4.6 -4.0 -9.6 -1.8 -0.2 85.4 -5.5 0.0 250.8 4.3 163.9 347.4 -264.8

-526.9 -276.4 -271.2 21.5 -3.2 16.1 8.6 -1.4 0.6 -59.2 -8.8 0.0 1312.0 0.5 904.9 209.4 197.2

-439.4 -261.5 -149.2 -27.4 1.1 -31.5 3.0 -1.4 0.0 -158.7 -18.7 0.0 559.6 0.3 1061.8 341.3 -843.8

168.5 63.1 126.0 -19.4 -0.1 -14.9 -4.4 -1.1 0.0 -3.0 -10.1 0.0 -122.6 -1.0 -975.3 311.6 542.1

41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57

-13.9

96.5

18.2

-59.7

-52.1

126.7

-51.2

245.3

112.7

200.0

233.7

58

-499.4 56.8 69.7 -512.3

-615.4 76.2 84.9 -624.1

-713.6 93.0 90.3 -710.9

-757.3 78.3 92.5 -771.6

-707.8 102.4 113.2 -718.6

-669.2 133.2 117.7 -653.6

-705.7 138.2 125.4 -693.0

-718.2 113.9 118.2 -722.6

-707.7 126.8 115.6 -696.5

-545.1 153.9 111.4 -502.6

-333.4 148.6 108.4 -293.3

59 60 61 62

38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62

Net increase in liabilities U.S. official foreign exchange and net IMF position U.S. private deposits Credit market instruments Commercial paper Bonds Bank loans n.e.c. Official Banks Other U.S. government loans Acceptance liabilities to banks Foreign corporate equities (6) Trade payables Security debt Miscellaneous liabilities U.S. equity in IBRD, etc. Nonofficial foreign currencies U.S. direct investment abroad (4,5) Other Discrepancy (FOF basis) (7) Memo: Net U.S. exports, NIPA basis + Net U.S. income receipts (8) - Current taxes and trans. payments to rest of world = Balance on current account, NIPAs

(1) Table F.9, line 11. (2) Line 1 minus line 5 plus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 62 with the sign reversed plus line 8. (3) U.S. net sales, sign reversed. (4) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues. (5) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. (6) Includes American Depositary Receipts (ADRs). (7) Balance of payments discrepancy adjusted to NIPA concepts. (8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.


23

Z.1, June 11, 2009

F.108 Monetary Authority (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

-0.8

3.2

6.1

5.7

4.0

3.1

4.4

3.9

3.3

0.7

3.2

1

2

Fixed nonresidential investment

2.1

2.6

1.6

2.4

2.5

2.5

2.5

2.6

2.6

2.4

2.2

2

3

Net acquisition of financial assets

43.2

44.4

37.4

29.6

43.1

1319.3

-8.3

52.0

2381.6

2851.9

-527.7

3

0.3 0.0 0.9

0.3 0.0 1.0

0.3 0.0 0.1

0.3 0.0 1.7

0.5 0.0 0.5

0.6 0.0 -0.0

0.7 0.0 -0.0

0.6 0.0 -0.0

1.0 0.0 -0.0

0.2 0.0 -0.0

0.6 0.0 14.3

4 5 6

-0.7

1.2

-0.0

-1.2

0.3

-1.5

-2.1

-0.3

-1.3

-2.2

-6.3

7

4 5 6

Gold and foreign exchange SDR certificates Treasury currency

7

Federal Reserve float

8 9 10

Federal Reserve loans to domestic banks Discount window (2) AMLF (3)

0.0 0.0 0.0

-0.0 -0.0 0.0

0.0 0.0 0.0

-0.0 -0.0 0.0

48.6 48.6 0.0

511.1 495.4 15.7

250.6 250.6 0.0

251.6 251.6 0.0

503.5 103.3 400.1

1038.6 1376.0 -337.4

-56.8 -11.8 -44.9

8 9 10

11

Security RPs

4.3

-10.8

13.8

-6.0

5.8

33.5

163.6

135.4

-99.3

-65.8

-276.6

11

12

Credit market instruments

37.2

51.2

26.4

34.7

-38.3

245.4

-416.7

-495.2

1084.4

809.2

751.6

12

0.0 37.3 -0.0

0.0 51.2 0.0

0.0 26.4 0.0

0.0 34.7 0.0

0.0 -38.3 0.0

0.0 -264.7 19.7

0.0 -575.7 0.0

0.0 -457.4 0.0

0.0 -11.7 58.0

0.0 -14.0 20.8

0.0 88.9 1069.3

13 14 15

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

490.4 0.0 0.0 45.5 29.1 38.9 19.5 24.4 333.0

159.0 0.0 0.0 159.0 0.0 0.0 0.0 0.0 0.0

-37.8 0.0 0.0 -153.2 115.3 0.0 0.0 0.0 0.0

1038.1 0.0 0.0 793.1 0.7 244.3 0.0 0.0 0.0

802.4 0.0 0.0 -617.0 0.4 -88.7 78.1 97.5 1332.1

-406.6 18.8 0.0 -100.3 0.1 28.2 -3.5 -0.9 -349.0

16 17 18 19 20 21 22 23 24

1.3 0.0 1.3

1.5 0.0 1.5

-3.2 0.0 -3.2

0.1 0.0 0.1

25.8 24.0 1.8

530.2 529.7 0.4

-4.4 -12.0 7.6

160.0 164.0 -4.0

893.3 905.1 -11.8

1071.8 1061.9 10.0

-954.6 -975.2 20.7

25 26 27

13 14 15

Open market paper Treasury securities Agency- and GSE-backed securities

16 17 18 19 20 21 22 23 24

Bank loans n.e.c. Households (TALF) (4) Rest of world Brokers and dealers (5) Funding corporations (Maiden Lane) (6) Funding corporations (AIG) Funding corporations (Maiden Lane II) (7) Funding corporations (Maiden Lane III) (8) Funding corporations (CPFF) (9)

25 26 27 28

Miscellaneous assets Nonofficial foreign currencies (10) Other

42.7

41.7

36.1

27.2

39.9

1316.7

-21.6

53.9

2379.3

2855.2

-539.0

28

29 30

Net increase in liabilities Depository institution reserves Vault cash of commercial banks

0.5 0.1

1.0 -6.4

-5.0 8.6

-0.3 1.6

2.1 3.3

839.2 2.7

8.0 -0.9

39.2 -9.6

755.6 23.8

2554.2 -2.4

-224.4 8.6

29 30

31

Checkable deposits and currency

37.3

37.7

30.1

23.5

17.8

428.2

-41.9

39.1

1467.5

248.1

-287.1

31

32 33 34 35

Due to federal government Treasury cash holdings Treasury general deposit account Treasury temporary supplementary financing account

1.3 -0.0 1.3 0.0

0.1 -0.1 0.2 0.0

-1.4 -0.1 -1.3 0.0

0.2 0.1 0.1 0.0

11.4 0.0 11.4 0.0

349.3 0.0 90.0 259.3

-42.1 0.3 -42.4 0.0

-0.9 -0.2 -0.7 0.0

1309.9 -0.0 112.0 1198.0

130.4 -0.0 291.1 -160.7

-393.0 0.2 -155.6 -237.6

32 33 34 35

36 37 38

Due to rest of the world Due to government-sponsored enterprises Currency outside banks

0.0 -0.5 36.5

-0.1 0.6 37.1

0.0 0.9 30.6

0.0 -1.2 24.5

-0.0 0.9 5.5

1.3 19.4 58.2

0.0 -6.4 6.5

0.5 0.2 39.4

-0.4 104.2 53.8

5.0 -20.4 133.2

-0.9 -0.8 107.5

36 37 38

4.6

5.1

-0.3

-0.9

14.4

44.4

0.5

-1.1

136.5

41.7

-71.0

39

0.2 0.5 -0.3

4.2 3.1 1.2

2.8 1.6 1.1

3.2 1.8 1.4

2.5 3.1 -0.7

2.1 2.6 -0.5

12.8 4.4 8.4

-13.7 1.3 -15.0

-4.0 1.8 -5.8

13.5 3.1 10.5

34.8 5.9 28.9

40 41 42

-3.4

-2.3

3.2

0.9

-1.7

-2.1

-11.5

3.2

-1.6

1.5

-10.3

43

39

Security RPs

40 41 42

Miscellaneous liabilities Federal Reserve Bank stock Other

43

Discrepancy

(1) Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board. (2) Loans extended to domestic banks through term auction credit, primary credit, secondary credit, and seasonal credit. (3) Loans extended to domestic banks through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility. (4) Loans extended to domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF). (5) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and AMLF. (6) Loan extended by the Federal Reserve to Maiden Lane LLC to facilitate the arrangements associated with JPMorgan Chase & Co.’s acquisition of Bear Stearns Companies, Inc. (7) Loan extended by the Federal Reserve to Maiden Lane II LLC to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of AIG subsidiaries. (8) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts. (9) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC. (10) Reciprocal currency arrangements (swap lines) with foreign central banks.


24

Z.1, June 11, 2009

F.109 Commercial Banking (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

86.3

67.4

84.8

81.6

93.0

70.0

95.0

87.6

78.4

19.0

74.4

1

2

Fixed nonresidential investment

19.0

22.3

20.8

24.6

26.5

27.4

27.3

27.7

27.9

26.6

23.6

2

3

Net acquisition of financial assets

495.2

762.2

762.6

897.2

933.5

2055.4

1246.2

829.3

2575.3

3570.7

-855.7

3

4 5 6

Vault cash Reserves at Federal Reserve Checkable deposits and currency

0.1 -0.0 -0.0

-6.4 1.1 1.0

8.6 -4.5 -0.5

1.6 0.4 -0.1

3.3 1.5 -0.6

2.7 819.3 0.7

-0.9 8.5 -0.1

-9.6 38.6 0.2

23.8 752.2 0.1

-2.4 2478.0 2.6

8.6 -323.4 5.2

4 5 6

7

Total bank credit

353.1

604.4

690.3

841.7

795.1

537.0

411.4

170.3

1717.1

-150.8

-496.6

7

8 9 10

Open market paper Treasury securities Agency- and GSE-backed securities

0.0 2.5 84.2

0.0 -24.5 95.0

0.0 -10.7 -5.5

0.0 -1.9 45.7

0.0 17.3 -112.9

15.7 -16.7 146.7

0.0 -31.3 -47.4

0.0 -47.9 313.0

400.1 91.1 -35.4

-337.4 -78.8 356.6

-44.9 51.9 3.2

8 9 10

11 12

Municipal securities Corporate and foreign bonds

11.0 43.4

8.1 82.4

16.9 123.4

22.6 93.3

12.2 198.4

23.2 6.0

41.4 98.4

7.2 -112.1

78.5 -65.4

-34.2 103.0

-9.6 -101.1

11 12

13 14 15 16

Bank loans n.e.c. Mortgages Consumer credit Security credit

-57.4 197.5 52.8 23.0

75.1 339.8 34.9 -5.1

167.8 362.4 2.8 34.8

126.8 445.0 34.2 71.5

337.0 242.7 62.9 32.3

203.3 197.3 74.5 -113.5

313.5 156.6 80.2 -198.6

124.5 -152.5 83.4 -43.8

337.9 828.9 77.1 16.2

37.2 -43.8 57.5 -227.8

-449.8 35.3 2.3 -68.2

13 14 15 16

17 18

Corporate equities Mutual fund shares

2.4 -6.2

-0.3 -0.9

0.1 -1.8

0.7 3.9

1.6 3.6

-0.8 1.3

-0.2 -1.0

0.6 -2.2

-3.2 -8.8

-0.5 17.3

18.0 66.3

17 18

-0.2 142.2

-0.4 162.4

0.0 68.7

-0.3 54.0

0.0 134.2

-0.2 695.8

-0.6 827.9

-0.1 630.0

0.0 82.1

0.0 1243.2

0.0 -49.5

19 20

19 20

Customers’ liab. on acceptances (2) Miscellaneous assets

21

Net increase in liabilities

447.0

941.0

684.3

862.7

950.6

1943.2

840.2

771.1

2176.0

3985.4

-1360.6

21

22 23 24 25

Net interbank liabilities To monetary authority To domestic banks (3) To foreign banks

-15.2 -0.7 -4.3 -10.1

24.9 1.2 14.9 8.8

-16.0 -0.0 -3.7 -12.3

-12.5 -1.2 -1.9 -9.4

-102.9 48.9 1.7 -153.6

933.5 509.6 51.8 372.1

-109.0 248.5 3.7 -361.2

266.5 251.3 -26.3 41.6

938.8 502.2 -60.9 497.4

2637.6 1036.4 290.7 1310.5

-610.4 -63.1 74.8 -622.1

22 23 24 25

26 27 28 29

Checkable deposits Federal government Rest of the world Private domestic

35.7 -0.9 4.0 32.6

39.5 -3.2 9.2 33.6

-36.4 7.0 6.4 -49.8

-35.9 -5.9 9.2 -39.2

11.6 14.9 5.2 -8.5

141.9 -39.5 24.3 157.0

59.0 71.0 12.4 -24.4

-74.4 -56.4 -14.8 -3.3

319.2 -54.1 36.9 336.4

263.8 -118.3 62.8 319.3

-204.7 74.2 -71.0 -208.0

26 27 28 29

30 31 32

Small time and savings deposits Large time deposits Federal funds and security RPs (net)

231.7 12.8 38.0

280.6 192.5 13.1

268.3 243.1 90.3

287.6 264.0 70.5

263.7 298.3 -49.7

541.3 -97.7 -355.7

365.6 307.9 -253.7

85.1 -90.8 -138.7

899.4 229.3 -250.7

814.9 -837.2 -779.8

423.4 -194.7 -111.2

30 31 32

33

Credit market instruments

48.5

78.4

85.1

177.4

263.2

161.1

228.8

299.2

259.2

-142.7

-298.4

33

-6.3 46.2 8.6

10.6 59.0 8.8

4.0 56.7 24.4

21.4 76.0 80.0

37.9 118.6 106.7

-39.2 129.3 71.0

-4.4 140.7 92.5

58.1 228.9 12.1

-57.9 -194.2 511.3

-152.6 341.7 -331.7

-91.1 44.0 -251.3

34 35 36

-2.1 2.9 94.7

17.6 3.2 291.3

-13.8 3.4 60.3

-10.5 3.7 118.6

-23.7 4.0 286.2

331.9 4.2 282.8

212.9 4.1 24.6

230.1 4.2 189.8

103.5 4.3 -326.8

780.9 4.3 1243.6

230.2 4.4 -599.0

37 38 39

19.1

224.0

-14.3

22.5

83.6

-69.6

-338.3

1.7

-348.8

407.0

-454.1

40

333.7 0.0

610.3 0.0

657.1 0.0

765.4 0.0

757.7 -1.8

649.8 -1.7

610.6 -0.0

215.5 -1.8

1712.9 -3.5

60.2 -1.3

-512.7 -1.5

41 42

34 35 36 37 38 39 40

Open market paper Corporate bonds Other loans and advances Corporate equity issues Taxes payable Miscellaneous liabilities Discrepancy Memo:

41 42

Credit market funds advanced (4) Consumer leases not included above (5)

(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the same as branches in foreign countries. (2) Included in other loans and advances (table F.216). (3) Floats and discrepancies in interbank transactions. (4) Total bank credit (line 7) less security credit (line 16) less corporate equities (line 17) less mutual fund shares (line 18) plus customers’ liability on acceptances (line 19). (5) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.


25

Z.1, June 11, 2009

F.110 U.S.-Chartered Commercial Banks Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

13.9

4.3

-3.2

-6.0

12.6

21.9

36.5

29.7

28.9

-7.6

33.6

1

2

Fixed nonresidential investment

12.2

14.1

12.8

15.0

16.2

16.8

16.8

17.0

17.2

16.4

14.5

2

3

Net acquisition of financial assets

410.4

587.8

509.2

699.6

599.1

1259.3

603.4

440.2

2397.9

1595.8

-578.9

3

4

Vault cash and reserves at Federal Reserve

5

Total bank credit

0.5

-5.2

3.9

2.3

4.4

584.1

7.0

30.7

642.4

1656.2

-213.5

4

361.6

583.4

498.4

685.4

570.3

544.4

478.3

189.5

1827.4

-317.6

-130.1

5

6 7 8 9 10 11

Open market paper Treasury securities Agency- and GSE-backed securities Mortgage pass-through securities CMOs and other structured MBS Other

0.0 7.1 85.1 56.6 2.4 26.1

0.0 -19.2 89.7 90.3 -4.8 4.2

0.0 -10.1 -3.3 -2.7 -4.4 3.8

0.0 -2.2 47.5 68.8 -5.1 -16.1

0.0 11.1 -111.4 -54.9 -4.4 -52.0

15.7 -19.6 139.7 152.0 14.3 -26.6

0.0 -64.5 -23.1 95.9 21.4 -140.4

0.0 -57.7 250.1 239.6 -8.7 19.2

400.1 107.5 22.5 84.6 1.7 -63.9

-337.4 -63.8 309.5 187.9 42.6 78.9

-44.9 34.8 66.9 -58.8 39.3 86.5

6 7 8 9 10 11

12 13 14 15 16

Municipal securities Corporate and foreign bonds Private mortgage pass-through securities Private CMOs and other structured MBS Other

10.9 41.5 0.2 25.2 16.1

8.3 58.8 6.7 15.4 36.7

16.7 47.0 5.1 38.2 3.8

21.7 59.1 8.8 12.7 37.6

12.0 101.7 15.5 64.8 21.4

23.2 -30.4 -24.4 -1.5 -4.5

41.4 -1.6 7.4 68.5 -77.5

7.1 -22.7 -26.2 -13.9 17.5

78.0 -24.7 -19.5 34.1 -39.4

-33.6 -72.5 -59.3 -94.6 81.3

-11.6 124.0 0.4 -38.4 162.1

12 13 14 15 16

17 18 19 20

Bank loans n.e.c. Mortgages Consumer credit Security credit

-39.1 194.9 52.8 12.2

67.6 334.0 34.9 10.7

98.7 354.8 2.8 -6.6

62.9 436.8 34.2 20.9

233.7 225.7 62.9 29.3

137.9 190.0 74.5 12.8

247.0 149.9 80.2 50.3

90.0 -157.9 83.4 -1.3

271.6 824.7 77.1 82.5

-57.0 -56.6 57.5 -80.5

-342.4 34.7 2.3 -78.3

17 18 19 20

21 22

Corporate equities Mutual fund shares

2.4 -6.2

-0.3 -0.9

0.1 -1.8

0.7 3.9

1.6 3.6

-0.8 1.3

-0.3 -1.0

0.6 -2.2

-3.1 -8.8

-0.5 17.3

18.0 66.3

21 22

-0.2 48.5

-0.5 10.1

-0.0 6.9

0.0 11.9

0.0 24.4

0.0 130.9

0.0 118.1

0.0 220.0

0.0 -71.8

0.0 257.2

0.0 -235.3

23 24

424.6

818.1

506.2

738.9

682.5

1179.8

241.6

423.3

2032.5

2021.9

-1056.5

25

-9.4 -0.7 0.0 -54.9 46.2

90.0 1.2 -0.0 33.0 55.8

16.6 -0.0 0.0 0.5 16.1

72.6 -1.2 -0.0 -36.6 110.5

141.2 0.3 48.6 34.5 57.8

728.3 -1.5 511.1 32.9 185.8

73.6 -2.1 250.6 -31.5 -143.4

588.9 -0.3 251.6 -37.8 375.4

404.5 -1.3 503.5 -65.5 -32.2

1846.3 -2.2 1038.6 266.5 543.4

-421.0 -6.3 -56.8 97.1 -455.0

26 27 28 29 30

33.1 -0.9 4.3 29.7

38.8 -3.2 9.7 32.3

-36.8 7.0 6.2 -49.9

-36.6 -5.9 9.4 -40.1

9.0 14.9 5.0 -10.9

140.8 -39.5 21.9 158.3

48.3 71.0 -9.0 -13.7

-72.8 -56.4 -7.4 -9.1

327.6 -54.1 46.4 335.3

260.1 -118.3 57.8 320.6

-208.0 74.2 -70.0 -212.2

31 32 33 34

229.6 3.0 42.7

279.7 115.6 14.6

262.9 166.8 57.0

277.8 129.9 21.4

255.0 23.1 -36.1

540.2 24.6 -259.0

342.4 123.8 -225.8

90.7 -211.4 -63.2

923.9 409.8 -175.5

803.9 -224.0 -571.5

426.2 -96.6 -151.7

35 36 37

-0.2 4.8 8.6 7.5 2.9

-0.4 10.4 8.8 5.9 3.2

-0.0 12.5 24.4 6.2 3.4

0.0 27.5 80.0 9.3 3.7

0.0 25.1 106.7 4.3 4.0

0.0 8.0 71.0 10.4 4.2

0.0 -0.5 92.5 8.2 4.1

0.0 -2.9 12.1 6.6 4.2

0.0 1.0 511.3 7.9 4.3

0.0 34.4 -331.7 18.8 4.3

0.0 -56.2 -251.3 12.8 4.4

38 39 40 41 42

102.0 50.5 51.5

251.7 167.2 84.4

-6.8 40.0 -46.8

153.3 110.0 43.3

150.2 126.1 24.0

-88.8 48.2 -137.0

-225.2 101.5 -326.7

71.2 -39.8 111.0

-382.4 34.9 -417.3

181.3 96.3 85.0

-315.1 8.8 -323.9

43 44 45

15.9

220.5

-19.0

18.4

79.7

-74.5

-342.1

-4.3

-353.7

402.1

-458.6

46

353.0 0.0

573.5 0.0

506.6 0.0

660.0 0.0

535.7 -1.8

531.1 -1.7

429.2 -0.0

192.4 -1.8

1756.8 -3.5

-254.0 -1.3

-136.1 -1.5

47 48

23 24 25

Customers’ liab. on acceptances (1) Miscellaneous assets Net increase in liabilities

26 27 28 29 30

Net interbank liabilities Federal Reserve float Borrowing from Federal Reserve banks To domestic banking To foreign banks

31 32 33 34

Checkable deposits Federal government Rest of the world Private domestic

35 36 37

Small time and savings deposits Large time deposits Federal funds and security RPs (net)

38 39 40 41 42

Acceptance liabilities Corporate bonds Other loans and advances Corporate equity issues Taxes payable

43 44 45

Miscellaneous liabilities Investment by bank holding companies Other

46

Discrepancy Memo:

47 48

Credit market funds advanced (2) Consumer leases not included above (3)

(1) Included in other loans and advances (table F.216). (2) Total bank credit (line 5) less security credit (line 20) less corporate equities (line 21) less mutual fund shares (line 22) plus customers’ liability on acceptances (line 23). (3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.


26

Z.1, June 11, 2009

F.111 Foreign Banking Offices in U.S. (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

5.7

6.5

7.1

7.3

7.6

7.9

7.8

7.9

8.0

8.1

8.1

1

2

Fixed nonresidential investment

6.3

7.9

7.6

9.3

9.9

10.2

10.2

10.3

10.4

9.9

8.8

2

3

Net acquisition of financial assets

-50.9

-117.4

148.8

3.6

216.4

565.6

428.1

-73.3

297.4

1610.3

-423.1

3

4

Reserves at Federal Reserve

5

Total bank credit

6 7 8 9 10

Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds

11 12 13

Bank loans n.e.c. Mortgages Security credit

14

Corporate equities

15 16

Customers’ liab. on acceptances (2) Miscellaneous assets

-0.4

-0.1

0.2

-0.3

0.4

238.0

0.5

-1.7

133.6

819.5

-101.3

4

-27.7

7.1

185.9

154.6

204.6

-19.5

-70.8

-122.1

-72.2

187.0

-277.8

5

0.0 -7.0 -6.5 0.0 0.2

0.0 -5.9 -1.2 0.0 22.4

0.0 0.2 -0.9 0.0 80.6

0.0 -0.8 3.9 0.0 29.8

0.0 3.5 2.1 0.0 77.0

0.0 7.5 -7.0 0.0 35.9

0.0 37.9 -31.6 0.0 100.4

0.0 -11.5 -8.0 0.0 -96.3

0.0 -23.6 -9.7 0.0 -45.2

0.0 27.2 21.3 0.0 184.7

0.0 28.8 -19.2 0.0 -191.5

6 7 8 9 10

-23.6 -1.5 10.8

8.2 -0.6 -15.8

60.7 4.0 41.4

67.1 4.1 50.6

105.0 14.1 3.0

65.1 5.2 -126.3

67.9 3.4 -248.9

31.4 4.8 -42.5

69.9 2.7 -66.3

91.4 9.8 -147.3

-106.3 0.3 10.1

11 12 13

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

-0.0

0.0

0.0

14

-0.0 -22.8

0.1 -124.5

0.1 -37.3

-0.3 -150.4

0.0 11.4

-0.2 347.4

-0.6 499.0

-0.1 50.6

0.0 236.0

0.0 603.9

0.0 -44.0

15 16

17

Net increase in liabilities

-46.1

-112.2

154.5

9.8

223.0

572.7

435.0

-66.3

304.5

1617.6

-415.8

17

18 19 20

Net interbank liabilities To foreign banks To domestic banks

-17.4 -12.2 -5.2

-66.8 -72.6 5.7

-6.0 -8.8 2.8

-71.3 -78.6 7.3

-191.0 -169.2 -21.8

239.1 243.3 -4.2

-135.0 -198.1 63.1

-319.0 -276.9 -42.1

326.9 437.2 -110.3

1083.6 1011.0 72.6

-241.6 -191.9 -49.8

18 19 20

21 22 23

Checkable deposits Small time and savings deposits Large time deposits

1.1 0.8 8.5

-0.8 -0.7 75.4

0.5 0.5 71.4

-0.0 8.6 132.8

2.6 6.9 273.4

1.7 0.1 -123.2

12.2 24.4 185.2

-3.1 -8.7 117.6

-7.1 -29.4 -185.5

4.8 14.0 -610.1

1.0 2.5 -92.8

21 22 23

24 25

Federal funds and security RPs (net) Acceptance liabilities

-5.7 -0.1

-0.2 0.1

33.4 0.0

49.0 -0.3

-13.6 0.0

-96.3 -0.2

-27.1 -0.6

-74.7 -0.1

-73.0 0.0

-210.3 0.0

40.7 0.0

24 25

26 27 28 29

Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other

-33.4 4.2 7.4 -44.9

-119.2 17.9 33.0 -170.1

54.6 9.4 21.0 24.2

-109.0 15.3 8.6 -132.8

144.8 -9.9 43.7 111.0

551.5 23.5 35.6 492.4

375.9 33.6 -2.3 344.6

221.8 26.6 -12.6 207.8

272.6 28.4 -178.7 422.8

1335.6 5.2 336.1 994.3

-125.7 6.9 -29.2 -103.3

26 27 28 29

4.3

3.9

5.2

4.2

4.3

4.8

4.5

4.6

4.7

5.4

6.6

30

-38.5

23.0

144.5

103.7

201.7

106.6

177.5

-79.7

-5.9

334.3

-287.9

31

30

Discrepancy Memo:

31

Credit market funds advanced (3)

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank. (2) Included in other loans and advances (table F.216). (3) Total bank credit (line 5) less security credit (line 13) less corporate equities (line 14) plus customers’ liability on acceptances (line 15).


27

Z.1, June 11, 2009

F.112 Bank Holding Companies Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

Gross saving

2

Fixed nonresidential investment

3

Net acquisition of financial assets

4 5 6 7 8 9 10 11 12

Credit market instruments Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Bank loans n.e.c. Miscellaneous assets Investment in bank subsidiaries Investment in nonbank subsidiaries Other

Q2

Q3

Q4

2009 Q1

66.6

56.4

80.7

80.1

72.7

40.1

50.6

50.0

41.4

18.4

32.6

1

0.3

0.2

0.2

0.2

0.2

0.2

0.2

0.2

0.2

0.2

0.2

2

127.3

275.8

94.8

195.2

118.0

233.4

213.9

454.7

-114.0

379.2

150.5

3

8.6

-0.0

-4.2

3.3

23.1

13.9

4.1

97.7

-36.3

-9.7

-79.8

4

1.4 0.9 1.3 5.0

-0.8 1.9 1.3 -2.5

-0.9 -2.3 -3.7 2.7

1.4 -0.0 4.9 -2.9

4.6 -1.3 19.1 0.7

-4.0 15.9 -0.0 2.0

-3.0 12.3 -3.7 -1.6

22.1 61.4 9.6 4.7

7.2 -46.7 6.0 -2.8

-42.2 36.7 -12.0 7.8

-10.3 -39.0 -30.0 -0.5

5 6 7 8

118.7 50.5 45.7 22.4

275.9 167.2 76.2 32.4

99.0 40.0 42.7 16.2

191.8 110.0 46.3 35.6

94.9 126.1 -63.0 31.7

219.5 48.2 76.8 94.5

209.9 101.5 36.0 72.4

357.0 -39.8 124.4 272.3

-77.7 34.9 82.1 -194.8

389.0 96.3 64.5 228.2

230.3 8.8 -131.5 353.0

9 10 11 12

13

Net increase in liabilities

61.0

219.6

14.3

115.3

45.4

193.6

163.6

404.9

-155.2

361.1

118.1

13

14 15 16

Net interbank liabilities To domestic banks To foreign banks

11.6 55.8 -44.1

1.7 -23.8 25.6

-26.5 -6.9 -19.6

-13.9 27.4 -41.3

-53.2 -11.0 -42.2

-34.0 23.1 -57.0

-47.6 -28.0 -19.6

-3.3 53.6 -56.9

207.4 114.9 92.4

-292.2 -48.4 -243.9

52.2 27.4 24.8

14 15 16

17

Federal funds and security RPs (net)

0.9

-1.3

-0.2

0.1

0.1

-0.4

-0.8

-0.8

-2.2

2.0

-0.3

17

18 19 20

Credit market instruments Commercial paper Corporate bonds

35.4 -6.0 41.4

59.5 10.8 48.7

48.2 4.0 44.2

70.2 21.7 48.5

131.3 37.9 93.5

82.3 -39.0 121.3

137.4 -3.8 141.2

290.1 58.3 231.8

-253.1 -57.9 -195.3

154.7 -152.6 307.3

9.1 -91.1 100.2

18 19 20

21 22 23 24

Corporate equity issues Miscellaneous liabilities Equity, etc. Other

-9.6 22.6 -37.5 60.1

11.7 148.0 129.4 18.6

-20.0 12.8 48.4 -35.6

-19.9 78.7 -13.8 92.5

-28.0 -4.8 -66.6 61.9

321.5 -175.7 52.7 -228.4

204.7 -130.1 70.9 -201.0

223.5 -104.6 20.2 -124.8

95.5 -202.8 -112.3 -90.5

762.1 -265.5 231.9 -497.4

217.5 -160.4 119.7 -280.1

21 22 23 24

-0.1

-0.0

-0.0

-0.0

-0.0

-0.0

-0.0

-0.0

-0.0

-0.0

0.0

25

25

Discrepancy

F.113 Banks in U.S.-Affiliated Areas (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Gross saving

0.1

0.1

0.1

0.1

0.1

0.1

0.1

0.1

0.1

0.1

0.1

1

2

Fixed nonresidential investment

0.1

0.1

0.1

0.2

0.2

0.1

0.1

0.1

0.1

0.1

0.1

2

3

Net acquisition of financial assets

8.4

15.9

9.8

-1.2

0.1

-3.1

0.7

7.7

-6.0

-14.7

-4.2

3

4

Checkable deposits and currency

-0.0

1.0

-0.5

-0.1

-0.6

0.7

-0.1

0.2

0.1

2.6

5.2

4

5

Credit market instruments

6 7 8 9 10 11 12 13 14

10.6

13.9

10.2

-1.7

-2.9

-1.8

-0.1

5.2

-1.8

-10.4

-9.0

5

Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds

1.0 4.7 0.1 0.4

1.4 4.7 -0.2 -0.2

0.1 1.2 0.2 -0.5

-0.2 -5.8 0.8 -0.4

-1.9 -2.4 0.2 0.6

-0.6 -1.9 0.0 0.5

-1.7 -5.0 -0.0 3.3

-0.8 9.6 0.1 -2.8

-0.1 -1.5 0.5 -1.5

-0.0 -10.9 -0.5 2.9

-1.5 -5.5 2.0 -3.6

6 7 8 9

Bank loans n.e.c. Home mortgages Commercial mortgages

0.3 2.5 1.6

1.8 3.4 3.1

5.6 0.7 2.9

-0.3 0.9 3.2

-2.3 0.7 2.2

-1.8 1.3 0.8

0.1 1.4 1.8

-1.6 0.1 0.5

-0.8 1.0 0.4

-4.9 2.6 0.5

-0.6 0.8 -0.4

10 11 12

-2.2

0.9

0.1

0.6

3.6

-2.0

0.9

2.4

-4.3

-6.9

-0.5

13

7.5

15.5

9.3

-1.3

-0.3

-2.9

0.1

9.2

-5.7

-15.1

-6.3

14

Miscellaneous assets Net increase in liabilities

15 16 17

Checkable deposits Small time and savings deposits Large time deposits

1.5 1.3 1.3

1.6 1.6 1.6

-0.2 4.9 4.9

0.7 1.2 1.2

0.0 1.8 1.8

-0.6 1.0 1.0

-1.6 -1.2 -1.2

1.5 3.1 3.1

-1.3 5.0 5.0

-1.1 -3.0 -3.0

2.2 -5.3 -5.3

15 16 17

18

Miscellaneous liabilities

3.4

10.8

-0.3

-4.4

-3.9

-4.2

4.0

1.4

-14.3

-7.9

2.0

18

-0.9

-0.4

-0.5

-0.1

-0.4

0.1

-0.7

1.4

0.3

-0.4

-2.1

19

19

Discrepancy

(1) Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.


28

Z.1, June 11, 2009

F.114 Savings Institutions (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

9.7

7.2

10.7

6.1

-1.3

2.3

2.3

2.3

2.3

2.2

2.3

1

2

Fixed nonresidential investment

2.2

2.6

2.2

2.6

2.8

2.9

2.9

2.9

2.9

2.8

2.5

2

3

Net acquisition of financial assets

114.1

184.8

140.9

-74.4

99.6

-290.4

62.3

-65.8

-1281.1

123.1

69.4

3

4 5 6 7

Reserves at Federal Reserve Checkable deposits and currency Time and savings deposits Federal funds and security RPs

0.5 0.0 0.0 -7.7

-0.1 -3.5 0.6 -3.2

-0.5 2.4 -0.5 -0.1

-0.7 -3.3 3.9 9.3

0.6 -0.5 3.3 27.3

16.1 3.1 4.4 -10.9

-2.9 18.6 1.4 -25.9

0.4 -7.3 5.8 -28.7

2.4 -0.6 1.1 -13.3

64.6 1.6 9.4 24.3

44.6 3.8 5.3 -20.8

4 5 6 7

8

Credit market instruments

127.3

103.5

199.4

-97.9

65.7

-274.7

44.5

14.5

-1211.9

54.2

-0.6

8

9 10 11 12 13 14

Open market paper Treasury securities Agency- and GSE-backed securities Mortgage pass-through securities CMOs and other structured MBS Other

0.0 3.0 22.6 -18.9 24.3 17.2

0.0 -3.9 -82.3 0.9 -45.3 -38.0

0.0 4.0 55.8 25.6 7.4 22.9

0.0 0.1 -23.0 -19.7 -3.3 -0.1

0.0 -5.4 -0.6 5.2 -2.2 -3.6

0.0 -4.1 -0.8 3.0 7.3 -11.0

0.0 -3.9 -12.1 13.6 1.7 -27.5

0.0 -4.3 17.6 3.7 34.4 -20.6

0.0 -7.9 -26.2 -22.0 -14.2 10.0

0.0 -0.0 17.5 16.4 7.0 -5.9

0.0 2.9 30.1 7.7 6.8 15.7

9 10 11 12 13 14

15 16 17 18 19

Municipal securities Corporate and foreign bonds Private mortgage pass-through securities Private CMOs and other structured MBS Other

0.9 -8.0 0.1 5.7 -13.8

0.8 -12.7 -2.5 -11.0 0.8

1.5 21.0 -0.6 18.1 3.5

2.2 9.2 3.1 6.8 -0.7

-0.1 49.2 -4.5 39.3 14.3

-2.7 -34.0 -1.4 -41.8 9.2

-2.2 5.1 7.4 -30.8 28.5

2.6 -2.0 -7.5 -36.6 42.1

-10.6 -101.0 -2.0 -74.2 -24.7

-0.4 -38.1 -3.4 -25.5 -9.3

0.9 37.5 -2.2 -81.2 120.8

15 16 17 18 19

20 21 22

Other loans and advances Mortgages Consumer credit

10.1 89.6 9.2

1.3 186.8 13.4

3.9 95.3 17.8

6.0 -78.8 -13.5

6.2 21.3 -4.8

6.4 -235.1 -4.5

17.2 53.6 -13.1

-7.6 -1.7 10.0

-8.4 -1015.0 -42.9

24.2 22.9 28.2

2.7 -49.7 -25.1

20 21 22

-1.0 -5.2

-1.1 88.6

-1.0 -58.8

-1.0 15.4

-0.1 3.4

-1.5 -26.9

2.1 24.4

-2.6 -47.8

-10.2 -48.5

4.7 -35.7

1.5 35.6

23 24

23 24

Corporate equities Miscellaneous assets

25

Net increase in liabilities

105.4

164.9

126.4

-82.6

116.7

-251.8

74.3

-34.0

-1191.8

144.1

-0.1

25

26 27 28 29

Deposits Checkable Small time and savings Large time

84.8 5.4 47.2 32.2

40.0 0.5 -14.4 54.0

76.6 3.8 34.0 38.8

24.6 0.9 28.9 -5.2

13.2 4.5 27.6 -19.0

-156.0 -2.9 -59.6 -93.5

84.1 -10.8 56.7 38.2

65.6 28.8 144.8 -108.1

-825.6 -19.8 -427.1 -378.6

52.0 -9.6 -12.8 74.4

66.9 -0.5 -8.6 76.0

26 27 28 29

30

Security RPs

19.3

2.4

-2.3

-19.2

-24.1

-0.0

-58.6

0.3

-9.5

67.7

7.6

30

31 32 33 34

Credit market instruments Corporate bonds Bank loans n.e.c. Other loans and advances

35.3 1.7 16.0 17.6

91.4 2.5 28.9 60.0

22.5 1.0 5.2 16.2

-108.2 2.0 -44.5 -65.7

104.1 -0.3 13.3 91.1

-65.8 -8.0 13.0 -70.9

103.5 1.2 1.2 101.1

-77.7 0.9 11.3 -89.9

-203.8 -34.0 22.0 -191.8

-85.5 -0.0 17.7 -103.1

-70.5 -1.9 -30.3 -38.2

31 32 33 34

35 36 37 38 39

Corporate equities Taxes payable Miscellaneous liabilities Investment by parent Other

1.6 0.4 -36.1 1.0 -37.1

-0.3 1.0 30.5 1.2 29.4

2.2 0.1 27.3 1.3 26.0

0.8 -0.4 19.7 1.4 18.3

3.3 -2.0 22.2 1.6 20.6

1.7 -0.3 -31.4 1.7 -33.1

0.5 1.1 -56.3 1.7 -57.9

1.4 -2.3 -21.3 1.7 -23.0

2.5 0.1 -155.6 1.7 -157.3

2.5 -0.2 107.6 1.8 105.8

0.9 1.4 -6.4 1.8 -8.2

35 36 37 38 39

-1.2

-15.3

-6.0

-4.8

13.0

38.0

11.5

31.3

88.7

20.4

-69.6

40

40

Discrepancy

(1) Savings and loan associations, mutual savings banks, and federal savings banks.


29

Z.1, June 11, 2009

F.115 Credit Unions Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

7.5

7.9

8.2

8.6

7.8

4.4

7.1

6.1

4.9

-0.6

4.5

1

2

Fixed nonresidential investment

1.8

2.2

2.1

2.6

2.7

2.8

2.8

2.8

2.8

2.7

2.4

2

3

Net acquisition of financial assets

53.2

37.5

30.9

30.5

42.5

53.8

93.0

56.4

3.0

62.7

94.4

3

4 5 6 7

Reserves at Federal Reserve Checkable deposits and currency Time and savings deposits Federal funds and security RPs (net)

0.0 3.2 2.5 -0.1

0.0 -1.4 -0.7 2.6

0.0 -2.0 -4.5 2.6

0.0 6.2 -4.9 -1.6

0.0 -1.1 -0.0 -2.6

3.8 -4.8 11.4 -4.8

2.4 33.7 21.7 -7.4

0.2 -18.5 11.8 2.6

1.0 -34.4 -0.2 -22.3

11.6 -0.2 12.1 7.8

54.4 -12.2 18.9 -3.0

4 5 6 7

8

Credit market instruments

51.2

39.8

36.2

30.1

35.3

40.0

41.7

50.8

45.9

21.4

5.6

8

9 10 11 12

Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds

-0.8 1.2 15.2 2.3

0.1 0.1 -1.1 0.6

-0.0 -1.1 -6.8 -1.5

0.2 -0.3 -13.9 7.2

-0.5 3.0 -4.1 3.9

-0.4 -1.6 14.4 -8.9

9.3 -3.4 8.1 -6.7

-8.0 2.7 20.1 -2.3

-3.0 -1.3 18.7 -10.2

0.0 -4.2 10.9 -16.3

0.0 -5.0 14.6 -32.2

9 10 11 12

13 14

Home mortgages Consumer credit

23.2 10.1

30.6 9.5

32.4 13.2

31.0 5.9

31.8 1.2

37.1 -0.7

47.1 -12.7

39.3 -1.0

33.2 8.5

28.6 2.5

19.5 8.7

13 14

15 16

Mutual fund shares Miscellaneous assets

0.5 -4.1

-0.9 -1.8

-1.0 -0.3

-0.1 0.8

-0.0 11.0

-0.0 8.4

1.5 -0.6

-0.1 9.6

-1.5 14.5

0.0 9.9

-1.1 31.7

15 16

17

Net increase in liabilities

49.2

33.7

27.5

26.0

39.5

54.5

88.3

59.6

2.7

67.4

121.9

17

18 19 20 21

Shares/deposits Checkable Small time and savings Large time

45.3 6.0 28.5 10.8

29.5 7.6 15.5 6.4

21.6 7.0 12.1 2.5

24.5 -8.5 30.5 2.5

31.7 1.1 25.8 4.8

45.1 1.6 43.0 0.5

79.3 20.3 40.5 18.5

54.2 -7.1 56.7 4.6

-15.2 -10.0 17.9 -23.1

62.1 3.2 57.0 2.0

105.4 31.8 42.0 31.6

18 19 20 21

22 23

Other loans and advances Miscellaneous liabilities

2.2 1.7

2.3 1.9

3.3 2.6

4.2 -2.7

13.4 -5.6

8.3 1.1

-15.2 24.2

27.6 -22.1

32.4 -14.5

-11.6 16.8

-41.2 57.7

22 23

1.8

1.9

2.6

1.6

2.1

2.3

-0.4

6.6

1.7

1.4

29.7

24

17.0

51.9

51.3

33.2

46.5

38.8

28.9

18.6

24.7

1

24

Discrepancy

F.116 Property-Casualty Insurance Companies Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Gross saving

2

Fixed nonresidential investment

4.4

6.0

5.9

6.1

6.5

6.5

6.6

6.6

6.5

6.1

5.5

2

3

Net acquisition of financial assets

88.3

80.3

72.8

61.6

28.2

26.6

57.6

3.3

22.3

23.0

13.1

3

4 5

Checkable deposits and currency Security RPs

8.6 8.5

-8.7 10.2

-4.8 5.9

8.9 -2.9

12.8 -12.2

-14.8 13.4

-3.4 38.7

-5.0 -6.1

11.4 -19.8

-62.0 40.7

-5.5 0.7

4 5

6

Credit market instruments

67.0

73.6

66.9

47.7

26.4

-19.0

-13.0

-6.3

-34.6

-22.2

19.4

6

3.5 2.2

6.6 -3.3

-2.0 5.8

6.6 4.1

-20.7 3.8

-1.3 -12.9

-0.9 -12.0

-0.6 -11.2

-2.2 -15.0

-1.5 -13.5

9.3 -5.3

7 8

41.2 20.0 0.1

43.6 26.4 0.3

45.4 17.5 0.3

22.1 14.2 0.7

36.1 5.9 1.3

1.5 -6.5 0.2

4.1 -4.5 0.4

7.1 -2.3 0.6

-4.8 -11.2 -1.4

-0.4 -7.9 1.2

8.8 6.5 0.2

9 10 11

-3.4 0.7

-3.9 0.5

-6.1 0.3

2.3 0.5

0.5 -0.5

34.7 0.1

13.0 0.1

4.3 0.1

52.3 0.1

69.1 0.1

-0.2 0.1

12 13

4.5 2.3

0.3 8.4

2.4 8.2

4.9 0.2

-1.6 2.9

1.3 11.0

3.4 18.8

3.5 13.0

0.0 13.0

-1.9 -0.8

-0.1 -1.2

14 15

7 8 9 10 11

Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Commercial mortgages

12 13

Corporate equities Mutual fund shares

14 15

Trade receivables Miscellaneous assets

28.1

30.1

16

Net increase in liabilities

58.4

39.5

46.3

42.7

-1.2

15.3

21.6

61.7

63.3

-85.6

-10.8

16

17 18 19

Corporate equity issues Taxes payable Miscellaneous liabilities

4.1 4.7 49.6

-4.0 0.5 43.0

-2.8 -3.1 52.2

-8.5 11.0 40.2

-13.2 -2.4 14.4

0.4 -28.1 43.0

-5.3 -4.2 31.1

18.8 -35.8 78.7

-10.9 1.1 73.1

-1.1 -73.6 -10.9

-1.1 -16.9 7.1

17 18 19

-6.1

-16.7

-15.5

26.9

15.3

15.4

3.8

90.6

63.4

-96.0

-4.7

20

20

Discrepancy


30

Z.1, June 11, 2009

F.117 Life Insurance Companies Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

Gross saving

2

Fixed nonresidential investment

3

Q2

Q3

Q4

2009 Q1

-7.5

3.3

0.0

21.9

25.4

14.6

21.1

18.0

13.9

5.3

12.3

1

2.6

2.7

2.2

2.4

2.6

2.6

2.6

2.6

2.6

2.4

2.2

2

Net acquisition of financial assets

258.2

264.4

185.3

225.0

240.5

167.1

334.7

146.3

-85.1

272.5

231.5

3

4 5

Checkable deposits and currency Money market fund shares

12.0 -8.3

6.0 -30.7

-5.5 -7.1

8.3 48.7

2.3 64.3

24.4 33.3

19.0 69.6

35.0 11.9

8.1 11.6

35.6 40.0

-48.7 14.5

4 5

6

Credit market instruments

180.6

173.0

110.3

75.6

82.4

37.8

115.2

53.9

-64.2

46.2

87.9

6

Open market paper Treasury securities Agency- and GSE-backed securities

-18.2 -6.6 18.0

-7.6 6.6 8.2

-8.0 12.7 11.4

12.9 -8.0 8.8

8.4 -14.9 5.5

28.3 19.2 -21.2

23.2 22.1 -9.5

-8.6 21.6 -12.6

-38.4 19.5 -26.0

136.9 13.8 -36.8

5.5 23.8 -5.6

7 8 9

Municipal securities Corporate and foreign bonds Other loans and advances Mortgages

6.2 170.4 -0.1 10.9

4.0 145.9 3.5 12.4

2.4 74.7 5.0 12.1

4.1 32.9 6.6 18.3

4.8 40.0 16.3 22.4

-0.3 -23.1 18.6 16.3

1.0 35.1 17.8 25.5

0.6 20.4 15.0 17.4

-1.0 -67.6 29.7 19.6

-1.6 -80.4 11.9 2.5

1.5 67.6 -0.6 -4.2

10 11 12 13

45.5 0.5

51.5 12.8

65.9 -9.9

71.4 26.9

84.1 31.3

48.6 22.5

55.2 28.0

58.0 28.0

57.9 28.0

23.2 6.0

18.0 8.0

14 15

7 8 9 10 11 12 13 14 15 16

Corporate equities Mutual fund shares

27.9

51.9

31.7

-6.0

-23.8

0.6

47.8

-40.5

-126.5

121.6

151.8

16

17

Net increase in liabilities

230.0

228.0

173.9

202.5

198.7

166.9

288.0

146.0

-82.0

315.6

197.5

17

18 19 20 21

Corporate equity issues Other loans and advances Life insurance reserves Pension fund reserves (1)

-3.9 2.9 65.7 144.2

-17.3 3.0 32.0 200.4

-8.0 0.4 14.9 159.3

-20.0 2.7 64.1 107.9

-30.6 14.5 33.0 119.1

-10.7 26.2 66.0 74.9

-32.0 9.6 36.5 85.7

-10.1 9.2 51.0 65.4

-8.2 38.0 83.4 92.9

7.6 48.0 93.2 55.8

-6.9 -9.7 28.7 86.5

18 19 20 21

22 23

Taxes payable Miscellaneous liabilities

1.9 19.3

3.1 6.7

-2.6 9.8

4.0 43.8

-3.4 66.0

-19.7 30.1

-12.4 200.6

-15.1 45.7

-25.4 -262.7

-25.8 136.8

10.2 88.8

22 23

-38.4

-35.7

-13.7

-2.9

-18.9

11.8

-28.3

15.1

14.4

45.9

-23.9

24

24

Miscellaneous assets

Discrepancy

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 23).

F.118 Private Pension Funds (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Gross saving

0.6

0.7

0.7

0.7

0.7

0.7

0.7

0.7

0.7

0.7

0.7

1

2

Fixed nonresidential investment

0.2

0.3

0.3

0.3

0.3

0.4

0.3

0.4

0.4

0.4

0.3

2

3

Net acquisition of financial assets

49.7

19.6

12.2

-6.1

-17.4

-60.9

-66.2

-81.0

-72.1

-24.1

-43.3

3

4 5 6 7

Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

0.1 3.3 -0.2 2.0

0.1 -4.8 0.6 0.3

0.3 6.3 1.9 1.0

0.4 0.8 3.4 0.8

0.6 4.6 3.4 3.4

0.5 0.3 2.3 7.3

0.2 1.1 2.6 2.5

-0.2 -4.9 2.6 -17.0

10.2 5.6 2.0 6.3

-8.2 -0.8 1.8 37.4

-0.1 1.1 1.3 -1.2

4 5 6 7

8

Credit market instruments

71.8

1.1

45.3

58.7

102.7

90.1

72.4

66.9

58.7

162.5

25.4

8

9 10 11

Open market paper Treasury securities Agency- and GSE-backed securities

-3.2 13.3 40.6

1.0 -3.9 11.8

3.0 3.5 16.8

0.2 14.3 16.8

-4.8 38.7 28.5

10.2 15.4 20.7

6.8 16.9 13.0

1.4 16.5 5.1

-34.6 31.9 25.7

67.5 -3.6 39.0

6.1 3.7 3.5

9 10 11

12 13

Corporate and foreign bonds Mortgages

21.3 -0.1

-7.5 -0.2

22.2 -0.2

27.6 -0.3

39.7 0.7

42.8 0.9

34.7 1.0

42.8 1.1

34.9 0.8

58.8 0.7

11.4 0.8

12 13

-2.6 -3.8

20.9 36.1

-25.1 10.2

-92.7 28.6

-239.3 50.2

-248.1 40.0

-257.4 55.2

-233.7 56.0

-206.3 56.1

-295.1 -7.5

-149.8 51.7

14 15

14 15

Corporate equities Mutual fund shares

16 17 18 19

Miscellaneous assets Unallocated insurance contracts (2) Contributions receivable Other

-20.9 -18.1 -0.2 -2.7

-34.7 -35.2 -3.1 3.6

-27.6 -18.6 -1.9 -7.1

-6.0 -8.8 -2.0 4.8

57.0 25.8 4.4 26.8

46.8 28.8 0.7 17.4

57.1 36.5 1.8 18.8

49.1 44.8 1.9 2.5

-4.7 -7.7 -0.9 3.9

85.8 41.4 0.1 44.4

28.1 -2.7 0.1 30.7

16 17 18 19

20

Pension fund reserves (liabilities) (3)

49.3

19.2

11.8

-6.4

-17.7

-61.2

-66.5

-81.3

-72.4

-24.4

-43.7

20

(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans). (2) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4. (3) Equal to the net acquisition of tangible and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.


31

Z.1, June 11, 2009

F.119 State and Local Government Employee Retirement Funds Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

1

2

Fixed nonresidential investment

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

2

3

Net acquisition of financial assets

39.9

23.8

5.4

60.9

-1.0

-7.2

-43.4

27.3

-29.0

16.2

-12.6

3

4 5 6 7

Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

0.8 -0.9 -2.1 -3.6

2.5 0.6 -1.9 -3.2

-0.4 -0.1 0.1 -0.6

-1.7 -0.4 2.1 4.4

2.5 0.2 2.5 4.3

-0.1 -0.0 2.5 2.4

0.4 0.0 0.3 0.6

-0.3 -0.0 -0.3 -0.6

-0.5 -0.0 -0.5 -0.9

-0.1 0.0 10.6 10.5

-0.1 -0.0 -6.5 -6.6

4 5 6 7

8

Credit market instruments

18.8

17.8

18.1

132.0

30.2

-4.5

7.3

-5.7

-7.2

-12.6

5.0

8

-6.4 -10.3 42.5

-6.5 2.4 23.7

0.1 2.8 -0.4

7.4 3.3 52.4

7.6 11.8 23.3

-16.4 5.7 6.4

1.1 2.0 4.0

-1.0 -1.0 -1.9

-22.8 10.0 10.0

-42.7 11.8 13.6

-21.3 10.9 9.8

9 10 11

3.5 -9.9 -0.7

-2.6 6.0 -5.3

-0.2 14.5 1.3

1.9 68.9 -1.9

-1.7 -9.1 -1.7

-0.8 0.8 -0.3

-2.5 2.8 -0.1

-0.0 -1.2 -0.5

0.1 -3.6 -0.8

-0.6 5.2 -0.0

0.1 5.8 -0.3

12 13 14

35.4 -9.5

1.9 1.5

-5.6 -5.5

-73.0 -3.4

-35.3 -5.3

-6.7 -0.8

-45.8 -6.8

29.8 4.4

-16.6 -2.5

5.8 1.7

-3.7 -0.2

15 16

0.9

4.6

-0.6

1.0

-0.1

-0.0

0.5

0.0

-0.9

0.3

-0.4

17

39.9

23.8

5.4

60.9

-1.0

-7.2

-43.4

27.3

-29.0

16.2

-12.6

18

9 10 11

Open market paper Treasury securities Agency- and GSE-backed securities

12 13 14

Municipal securities Corporate and foreign bonds Mortgages

15 16

Corporate equities Mutual fund shares

17

Miscellaneous assets

18

Pension fund reserves (liabilities) (1)

(1) Equal to the net acquisition of tangible and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.

F.120 Federal Government Retirement Funds (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1 2 3 4 5 6 7 8

Net acquisition of financial assets Credit market instruments Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Corporate equities Miscellaneous assets(2) Pension fund reserves (liabilities) (3)

48.2

54.7

54.7

50.4

47.8

78.9

42.6

60.3

70.5

142.1

14.5

1

6.0

4.7

7.7

8.4

11.7

24.2

40.1

7.9

28.0

20.8

16.8

2

5.1 0.5 0.4

5.4 -0.5 -0.3

7.8 0.0 -0.0

8.3 0.1 -0.0

11.3 0.3 0.1

24.2 0.0 -0.1

34.2 3.8 2.1

9.1 -0.6 -0.5

28.2 -0.0 -0.2

25.5 -3.0 -1.7

17.5 -0.3 -0.4

3 4 5

17.5 24.7

9.1 40.9

7.0 40.0

6.3 35.8

2.7 33.3

-8.6 63.3

-26.5 29.0

7.1 45.3

-12.7 55.3

-2.4 123.7

-3.2 0.9

6 7

48.2

54.7

54.7

50.4

47.8

78.9

42.6

60.3

70.5

142.1

14.5

8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds. (2) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement and disability fund. (3) Liabilities of the sector are assets of the household sector.


32

Z.1, June 11, 2009

F.121 Money Market Mutual Funds (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Net acquisition of financial assets

-207.5

-136.5

127.0

305.3

720.9

724.2

1556.7

-154.9

89.7

1405.3

90.0

1

2 3 4 5

Foreign deposits Checkable deposits and currency Time and savings deposits Security RPs

-36.6 -0.7 -53.3 -20.8

7.0 2.7 0.4 -18.7

16.2 -1.4 15.7 112.0

-10.6 7.5 23.7 48.7

43.2 -4.8 63.9 211.3

2.0 5.6 84.6 -63.5

66.2 -20.1 322.0 9.9

-9.8 37.6 83.5 -302.5

18.3 14.7 -183.4 292.6

-66.7 -9.9 116.3 -254.0

-198.2 49.6 420.3 152.2

2 3 4 5

-95.9 -125.2 -10.2 -4.6 13.6 30.5

-124.9 -54.1 -33.9 -61.1 21.8 2.3

-5.5 86.3 -9.6 -107.4 23.0 2.2

220.0 116.1 -5.9 -28.7 33.5 105.1

375.6 66.3 95.5 104.5 100.7 8.5

738.6 -56.1 399.5 520.3 23.6 -148.8

1239.4 -23.4 452.9 654.7 69.8 85.5

133.5 -39.9 5.4 163.8 70.0 -65.7

3.5 -570.9 695.3 365.5 -103.6 -382.8

1577.8 410.0 444.5 897.2 58.2 -232.1

-363.3 -130.0 -253.3 121.7 -60.8 -40.8

6 7 8 9 10 11

6 7 8 9 10 11 12 13

Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Miscellaneous assets Net share issues (liabilities)

-0.2

-2.9

-10.0

15.9

31.8

-43.1

-60.7

-97.2

-56.2

41.8

29.3

12

-207.5

-136.5

127.0

305.3

720.9

724.2

1556.7

-154.9

89.7

1405.3

90.0

13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.117).

F.122 Mutual Funds (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Gross saving

2

Net acquisition of financial assets

3

Security RPs

2.5

3.2

20.5

4.0

10.1

3.0

5.8

4.7

3.2

-1.5

2.8

1

288.6

298.2

260.2

336.8

364.7

29.1

164.5

582.1

-198.6

-431.5

-81.0

2

12.9

18.1

2.8

17.4

-0.6

-7.4

15.1

54.6

-21.9

-77.6

-93.2

3

4 5 6 7 8 9 10

Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances

138.0 13.1 9.3 25.2 12.9 78.5 -1.1

116.6 18.0 4.8 15.2 4.1 64.9 9.6

124.1 2.9 6.6 20.8 17.4 65.9 10.5

184.9 17.4 5.0 15.7 32.7 106.2 7.9

271.1 -0.4 18.5 66.2 27.8 121.6 37.4

73.3 -62.5 8.7 27.3 17.4 74.6 7.7

203.4 3.4 14.0 43.8 31.8 102.5 7.9

404.3 58.9 22.5 70.6 52.9 192.9 6.5

-66.7 -172.5 12.1 37.9 22.9 17.4 15.4

-247.7 -139.8 -13.7 -43.0 -38.0 -14.2 1.1

170.2 -100.7 25.1 -4.1 66.1 181.8 1.9

4 5 6 7 8 9 10

11 12

Corporate equities Miscellaneous assets

136.8 1.0

158.5 5.1

129.6 3.7

131.3 3.3

91.3 2.8

-39.9 3.2

-67.3 13.3

134.4 -11.2

-116.4 6.5

-110.4 4.2

-158.0 0.0

11 12

288.6

298.2

260.2

336.8

364.7

29.1

164.5

582.1

-198.6

-431.5

-81.0

13

2.5

3.2

20.5

4.0

10.1

3.0

5.8

4.7

3.2

-1.5

2.8

14

13

Net share issues (liabilities)

14

Discrepancy

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.117).

F.123 Closed-End and Exchange-Traded Funds Billions of dollars; quarterly figures are seasonally adjusted annual rates Closed-end funds 1

Net acquisition of financial assets

2 3 4 5

Credit market instruments Treasury securities Municipal securities Corporate and foreign bonds

6

Corporate equities

7

Net share issues (liabilities)

43.7

32.7

20.7

8.2

17.5

-57.2

-14.4

-42.3

-90.2

-81.8

7.3

1

35.5 0.6 3.2 31.6

11.0 2.3 -0.1 8.9

2.2 0.3 0.2 1.7

6.0 0.2 0.0 5.7

-1.2 -1.7 1.6 -1.0

-39.4 -2.4 -12.7 -24.2

-19.2 -0.9 -8.1 -10.2

-23.4 -0.8 -9.9 -12.6

-42.2 -1.8 -17.1 -23.3

-72.7 -6.2 -15.8 -50.8

2.3 0.3 4.6 -2.6

2 3 4 5

8.3

21.7

18.5

2.2

18.7

-17.8

4.9

-18.9

-48.0

-9.0

4.9

6

43.7

32.7

20.7

8.2

17.5

-57.2

-14.4

-42.3

-90.2

-81.8

7.3

7

15.8

56.4

56.7

74.0

149.9

175.5

33.2

52.9

325.0

290.8

-13.2

8

0.7 0.1 0.6

3.8 2.8 1.0

6.8 4.8 1.9

5.7 3.4 2.4

12.7 6.6 6.2

21.3 7.4 13.9

17.5 5.5 12.0

20.7 6.3 14.5

26.6 15.9 10.7

20.2 1.9 18.3

44.9 18.4 26.4

9 10 11

15.1

52.6

50.0

68.3

137.2

154.2

15.7

32.1

298.4

270.7

-58.0

12

15.8

56.4

56.7

74.0

149.9

175.5

33.2

52.9

325.0

290.8

-13.2

13

Exchange-traded funds 8

Net acquisition of financial assets

9 10 11

Credit market instruments Treasury securities Corporate and foreign bonds

12

Corporate equities

13

Net share issues (liabilities)


33

Z.1, June 11, 2009

F.124 Government-Sponsored Enterprises (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

3.1

3.8

4.2

4.0

4.7

1.7

4.1

3.5

2.8

-3.8

2.6

1

2

Fixed nonresidential investment

0.5

0.6

0.6

0.7

1.2

1.4

1.4

1.4

1.4

1.4

1.2

2

3

Net acquisition of financial assets

245.0

88.5

-63.5

53.5

301.4

212.7

183.4

666.0

84.9

-83.5

259.0

3

4 5 6

Checkable deposits and currency Time and savings deposits Federal funds and security RPs (net)

14.0 -8.5 -20.0

10.4 6.5 18.3

-24.5 12.1 14.1

1.8 -1.5 9.7

-2.7 12.8 25.3

39.7 21.9 -28.2

-10.3 -22.1 -43.7

49.0 47.6 40.2

143.3 6.0 -15.7

-23.3 55.9 -93.8

-17.1 -20.5 179.4

4 5 6

7

Credit market instruments

241.0

48.9

-69.1

46.6

239.0

192.4

327.7

435.1

130.8

-123.9

188.7

7

-3.7 -12.3 85.1

-0.9 -0.6 -147.8

8.0 0.2 -135.4

18.5 1.2 -37.1

-4.7 1.3 -11.1

13.5 1.1 206.6

47.8 1.4 57.4

18.2 1.4 500.1

-10.1 1.6 -67.8

-2.0 0.2 336.6

16.5 3.5 434.4

8 9 10

8 9 10

Open market paper Treasury securities Agency- and GSE-backed securities

11 12

Municipal securities Corporate and foreign bonds

5.0 50.3

0.3 137.4

-4.9 50.9

-3.6 16.1

-2.8 -17.4

-2.8 -129.0

-3.9 -58.8

-4.3 -116.1

-2.9 -136.9

-0.2 -204.2

-3.8 -1.3

11 12

13 14 15 16

Other loans and advances Sallie Mae Farm Credit System FHLB loans

31.1 -0.1 0.0 31.2

73.5 -0.3 -0.2 74.1

52.4 0.0 8.1 44.4

33.1 0.0 11.9 21.2

237.7 0.0 11.9 225.8

44.0 0.0 9.4 34.6

225.8 0.0 37.9 188.0

-16.1 0.0 25.0 -41.0

360.7 0.0 -29.2 390.0

-394.3 0.0 4.2 -398.5

-335.8 0.0 4.6 -340.4

13 14 15 16

17 18 19 20 21

Mortgages Home Multifamily residential Farm Consumer credit (2)

101.7 89.7 12.1 -0.1 -16.3

7.5 -6.7 14.3 -0.0 -20.6

-40.2 -53.1 10.5 2.3 0.0

18.4 5.2 12.4 0.7 0.0

35.9 -10.9 42.3 4.5 0.0

59.0 17.2 40.4 1.4 0.0

57.9 16.4 40.1 1.4 0.0

51.9 9.6 40.8 1.5 0.0

-13.7 -60.7 46.0 1.1 0.0

140.0 103.4 34.8 1.8 0.0

75.1 63.2 12.9 -1.0 0.0

17 18 19 20 21

22 23

Miscellaneous assets Net increase in liabilities

24 25 26

Credit market instruments GSE issues (3) U.S. government loans

27

Corporate equities

28

Miscellaneous liabilities

29

Discrepancy

18.5

4.5

4.0

-3.2

27.0

-13.1

-68.3

94.1

-179.6

101.6

-71.5

22

229.2

80.1

-77.0

46.3

320.2

282.9

194.5

646.9

142.8

147.4

63.2

23

250.9 250.9 0.0

75.0 75.0 0.0

-84.0 -84.0 0.0

35.6 35.6 0.0

282.4 282.4 0.0

274.3 274.3 0.0

119.9 119.9 0.0

655.3 655.3 0.0

203.3 203.3 0.0

118.5 118.5 0.0

-262.3 -262.3 0.0

24 25 26

1.7

9.3

4.2

1.1

25.5

27.7

11.5

17.9

33.5

47.8

184.2

27

-23.3

-4.1

2.8

9.6

12.2

-19.0

63.1

-26.3

-94.0

-18.9

141.3

28

-13.1

-5.2

-10.0

-3.8

22.3

70.5

13.8

-17.0

59.3

225.8

-194.3

29

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. (2) Sallie Mae student loans. (3) Such issues are classified as agency- and GSE-backed securities.

F.125 Agency- and GSE-backed Mortgage Pools (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Net acquisition of financial assets

330.6

47.9

167.3

295.4

626.3

497.3

529.7

668.2

504.3

286.9

299.9

1

2 3 4 5

Home mortgages Multifamily residential mortgages Commercial mortgages Farm mortgages

303.5 26.5 0.0 0.6

45.0 2.9 0.0 -0.1

163.4 3.9 0.0 -0.1

290.9 2.1 0.0 2.3

609.2 15.7 0.0 1.4

483.5 13.6 0.0 0.1

516.3 13.7 0.0 -0.4

655.9 13.0 0.0 -0.6

492.2 10.4 0.0 1.7

269.6 17.4 0.0 -0.2

294.1 6.0 0.0 -0.2

2 3 4 5

330.6

47.9

167.3

295.4

626.3

497.3

529.7

668.2

504.3

286.9

299.9

6

6

Net increase in pool securities (liabilities)(2)

(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency- and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans. (2) Such issues are classified as agency- and GSE-backed securities.


34

Z.1, June 11, 2009

F.126 Issuers of Asset-Backed Securities (ABS) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

1.1

1.0

0.8

0.7

0.6

0.6

0.6

0.6

0.5

0.5

0.5

1

2

Fixed nonresidential investment

0.9

0.2

0.2

0.2

0.1

0.1

0.1

0.1

0.1

0.1

0.1

2

3

Net acquisition of financial assets

249.0

439.3

725.0

807.7

333.2

-422.0

-254.8

-455.8

-374.8

-602.8

-623.4

3

1.9 82.3 5.1

5.2 -5.4 20.2

19.7 -32.4 21.0

28.7 23.9 55.8

21.0 19.3 89.1

-12.3 -19.0 20.4

-2.8 9.6 19.4

-11.4 -19.5 9.1

-15.7 -22.4 51.7

-19.4 -43.8 1.5

-20.7 -136.0 -17.3

4 5 6

4 5 6

Treasury securities Agency- and GSE-backed securities (1) Other loans and advances

7 8 9 10

Mortgages (2) Home Multifamily residential Commercial

173.3 122.9 7.9 42.6

434.3 382.2 6.4 45.7

687.1 572.4 16.5 98.1

630.5 513.7 13.9 102.9

180.9 33.9 22.0 125.0

-365.2 -320.6 -11.0 -33.6

-302.6 -269.3 -10.6 -22.7

-379.5 -346.5 -11.5 -21.5

-347.7 -313.1 -9.8 -24.9

-430.8 -353.5 -12.1 -65.2

-349.5 -332.0 -4.9 -12.6

7 8 9 10

11 12

Consumer credit Trade credit

-22.5 8.8

-25.3 10.3

32.5 -2.8

60.2 8.5

19.5 3.4

-29.8 -16.1

-5.2 26.8

-2.2 -52.5

1.7 -42.4

-113.7 3.5

-62.3 -37.6

11 12

13

Net increase in liabilities

248.8

438.6

724.3

807.2

332.7

-422.5

-255.2

-456.3

-375.2

-603.2

-623.8

13

14 15

Commercial paper Corporate bonds (net) (5)

-36.0 284.8

-3.9 442.5

148.3 576.0

162.9 644.2

-194.2 527.0

-83.9 -338.6

-134.7 -120.6

-145.8 -310.5

-123.1 -252.1

68.1 -671.3

-211.8 -412.0

14 15

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

16

-0.2 15.6

-0.7 59.6

-0.6 17.3

-0.5 2.8

-0.5 -17.9

-0.4 -39.7

-0.4 -79.7

-0.4 -19.4

-0.4 -26.2

-0.4 -33.4

-0.4 -12.4

17 18

16

Discrepancy

17 18

Memo: Securitized assets not included above Consumer leases (3) REIT assets (4)

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs. (2) Mortgages backing privately issued pool securities and privately issued CMOs. (3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2. (4) Included in table F.128. (5) Net issuance less net acquisition of corporate bonds held as assets.

F.127 Finance Companies (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Gross saving

78.0

72.8

58.2

73.4

65.6

64.0

72.1

67.2

60.6

56.1

59.3

1

2

Fixed nonresidential investment

31.7

36.6

40.2

40.4

41.2

41.1

41.9

41.8

41.6

38.9

34.9

2

3

Net acquisition of financial assets

233.9

178.5

99.0

34.3

19.9

-59.5

218.1

-4.3

-113.8

-338.0

-49.7

3

4 5

Checkable deposits and currency Time and savings deposits

1.9 16.4

-0.8 -1.8

-8.9 -9.1

-1.6 -4.8

0.4 1.2

0.3 0.8

3.1 9.2

-0.2 -0.6

-0.9 -2.8

-0.9 -2.8

2.4 7.1

4 5

176.2 53.3 -2.3 39.7 85.5

207.2 -7.7 9.8 105.8 99.3

64.7 -52.5 27.6 65.4 24.2

71.0 -18.7 18.9 53.0 17.8

16.6 4.5 24.9 -62.5 49.7

-72.3 3.0 16.9 -84.0 -8.3

153.0 36.0 82.7 -1.4 35.7

-25.4 -2.3 78.4 -115.2 13.7

-94.0 -10.8 18.0 -112.4 11.1

-322.8 -10.8 -111.5 -106.9 -93.7

-132.2 27.8 -85.5 -10.0 -64.6

6 7 8 9 10

6 7 8 9 10 11 12

Credit market instruments Corporate and foreign bonds Other loans and advances Mortgages Consumer credit Miscellaneous assets Net increase in liabilities

39.5

-26.1

52.2

-30.2

1.7

11.8

52.8

22.0

-16.0

-11.5

73.0

11

239.8

189.4

63.5

48.5

26.5

-69.4

232.1

6.4

-133.4

-382.6

-119.3

12

13 14 15 16 17

Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Other loans and advances

111.1 -2.7 107.9 5.8 0.0

134.3 30.2 74.1 30.0 0.0

33.5 -15.3 43.6 5.2 0.0

34.8 5.3 42.4 -12.9 0.0

34.9 -15.1 -2.8 52.8 0.0

-80.7 -22.6 -48.2 -9.8 0.0

130.0 -8.5 121.6 16.8 0.0

1.1 6.7 -60.9 55.3 0.0

-194.0 -49.5 -10.6 -133.9 0.0

-259.9 -39.2 -243.1 22.4 0.0

-168.7 -82.0 -72.9 -19.9 6.0

13 14 15 16 17

18 19 20 21 22

Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Investment by parent Other

1.6 127.1 18.8 23.4 85.0

1.8 53.2 13.0 54.9 -14.7

2.0 28.0 6.3 25.5 -3.8

2.3 11.4 1.9 26.2 -16.7

2.5 -10.9 5.3 -13.4 -2.8

2.7 8.6 44.3 -7.9 -27.8

2.6 99.5 43.9 28.9 26.7

2.7 2.6 35.8 -35.0 1.8

2.8 57.9 63.2 27.7 -33.1

2.8 -125.5 34.4 -53.3 -106.6

2.9 46.6 16.8 -39.9 69.6

18 19 20 21 22

52.2

47.1

-17.4

47.2

30.9

13.1

44.2

36.1

-0.6

-27.5

-45.3

23

-10.7

-4.9

11.2

20.6

16.9

-11.8

8.1

-12.1

-13.6

-29.7

-37.2

24

23

Discrepancy

24

Memo: Consumer leases not included above (2)

(1) Includes retail captive finance companies and mortgage companies. (2) See footnote (3), table F.126.


35

Z.1, June 11, 2009

F.128 Real Estate Investment Trusts (REITs) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

2.1

3.7

-18.7

-16.1

-38.4

-27.9

-27.9

-28.9

-25.8

-28.8

-23.3

1

2 3

Fixed nonresidential investment Multifamily residential investment

22.1 -0.2

48.9 5.5

27.7 2.5

1.7 3.5

30.2 -9.3

8.3 0.1

15.8 0.7

5.3 1.2

11.0 0.4

0.9 -2.0

3.1 1.1

2 3

4

Net acquisition of financial assets

34.3

101.6

53.9

38.8

-27.3

-60.5

-64.0

4.4

-27.9

-154.5

-5.3

4

5

Checkable deposits and currency

6

Credit market instruments

7 8 9 10 11 12 13 14

3.8

3.0

1.4

4.9

-1.8

1.8

11.1

-5.8

16.7

-14.8

-3.7

5

26.3

87.5

41.0

26.1

-21.2

-61.7

-82.5

0.1

-51.0

-113.2

-21.4

6

Agency- and GSE-backed securities Corporate and foreign bonds

-2.9 8.5

15.8 17.1

-4.0 17.0

24.8 11.6

23.5 -30.2

1.7 -20.0

13.7 -44.0

28.1 -7.4

-24.5 -5.9

-10.4 -22.6

17.8 -1.5

7 8

Mortgages Home Multifamily residential Commercial

20.7 18.4 0.2 2.0

54.6 50.9 0.1 3.5

28.1 24.6 0.3 3.2

-10.3 -23.7 3.1 10.3

-14.5 -24.5 0.2 9.9

-43.4 -40.4 -1.3 -1.7

-52.1 -53.0 -0.1 1.0

-20.7 -19.6 -0.5 -0.5

-20.6 -18.0 -2.7 0.1

-80.2 -71.1 -1.8 -7.3

-37.7 -29.3 -1.0 -7.4

9 10 11 12

4.3

11.1

11.6

7.8

-4.4

-0.7

7.4

10.0

6.4

-26.4

19.8

13

52.6

152.8

88.9

59.9

24.5

-49.8

-57.9

-6.4

-22.9

-112.1

-59.9

14

Miscellaneous assets Net increase in liabilities

15

Security RPs

16

Credit market instruments

17 18 19 20 21 22

Open market paper Corporate bonds Bank loans n.e.c. Mortgages Corporate equity issues Miscellaneous liabilities

5.5

28.7

13.2

14.4

-6.2

-11.0

-7.4

7.3

-7.9

-36.0

11.0

15

32.3

94.6

55.4

15.5

10.2

-46.5

-69.8

-22.1

-27.7

-66.4

-36.8

16

0.0 23.8 -0.4 8.9

0.0 61.9 7.2 25.5

0.0 32.8 8.4 14.1

0.0 13.9 -5.0 6.6

0.0 0.7 4.8 4.7

0.0 -53.0 -0.3 6.8

0.0 -94.4 4.1 20.4

0.0 -0.9 -18.7 -2.6

0.0 -45.2 11.7 5.9

0.0 -71.5 1.7 3.4

0.0 -30.0 -8.7 1.8

17 18 19 20

13.3 1.5

21.5 8.1

16.1 4.3

22.2 7.8

17.1 3.4

11.3 -3.6

21.1 -1.8

14.9 -6.5

4.8 7.9

4.3 -14.0

9.2 -43.3

21 22

23

Discrepancy

-1.5

0.5

-13.9

-0.2

-7.5

-25.5

-38.4

-46.2

-32.2

14.7

-82.1

23

24 25 26 27 28

Memo: Securitized assets included above Agency- and GSE-backed securities Home mortgages Multifamily residential mortgages Commercial mortgages

15.6 0.0 15.7 -0.0 -0.1

59.6 0.0 57.9 -0.0 1.7

17.3 0.0 15.7 0.1 1.6

2.8 0.0 -9.8 0.3 12.3

-17.9 0.0 -20.2 -0.0 2.4

-39.7 0.0 -33.6 -0.0 -6.1

-79.7 0.0 -63.5 -0.0 -16.2

-19.4 0.0 -20.0 0.0 0.6

-26.2 0.0 -22.7 -0.0 -3.5

-33.4 0.0 -28.1 0.0 -5.3

-12.4 0.0 -10.2 -0.0 -2.2

24 25 26 27 28


36

Z.1, June 11, 2009

F.129 Security Brokers and Dealers Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Gross saving

14.9

20.4

21.9

22.2

38.8

20.1

28.9

26.4

23.0

2.1

22.6

1

2

Fixed nonresidential investment

10.5

12.5

12.2

15.8

17.2

17.4

17.7

17.7

17.7

16.6

14.9

2

3

Net acquisition of financial assets

277.6

231.9

282.2

614.7

350.3

-874.8

661.0

-912.0

88.2

-3336.5

-1159.2

3

2.9 79.6 5.9 41.7 -8.1 3.8 36.2 0.1

15.7 -29.2 -1.3 -82.4 23.5 7.1 18.7 5.2

-6.4 82.3 12.2 -20.0 -6.3 10.9 77.7 7.7

24.0 106.2 4.1 -2.4 37.0 8.0 44.8 14.7

24.5 219.7 22.8 7.1 152.2 -0.7 22.6 15.8

15.1 -85.7 -21.4 250.6 -47.5 -11.4 -266.1 10.2

69.6 122.6 81.5 23.1 31.5 63.8 -87.7 10.5

-27.1 -400.2 -18.3 11.0 52.5 -57.1 -396.9 8.5

185.3 373.6 204.1 194.3 155.4 40.6 -241.2 20.4

-167.4 -438.7 -353.0 773.9 -429.6 -92.8 -338.7 1.4

-63.5 -568.2 -71.4 -424.0 37.4 0.8 -113.5 2.5

4 5 6 7 8 9 10 11

4.1 34.3 156.6

15.2 81.5 148.6

20.1 -31.6 217.7

-0.2 59.7 425.1

25.4 33.4 47.3

-28.5 -160.7 -615.1

-91.5 159.2 401.1

49.2 -295.4 -238.5

-17.2 443.4 -897.0

-54.4 -949.9 -1726.0

-73.3 -124.7 -329.3

12 13 14

256.8

227.1

273.9

588.3

383.0

-731.4

801.7

-822.8

161.3

-3065.5

-1097.0

15

146.2 6.4 6.4 0.0

36.5 15.2 15.2 0.0

206.7 0.1 0.1 0.0

338.3 6.4 6.4 0.0

75.5 -4.0 -4.0 0.0

-560.3 77.7 32.3 45.5

247.1 221.2 62.3 159.0

-920.2 -136.7 16.4 -153.2

-883.0 762.9 -30.2 793.1

-685.3 -536.4 80.6 -617.0

-622.6 -159.9 -59.6 -100.3

16 17 18 19

-8.0 -9.2 85.7 62.7 23.0 0.4 38.8 2.9 27.1 8.8

2.6 7.8 97.9 103.0 -5.1 0.4 70.8 3.1 49.3 18.4

3.3 7.0 31.8 -3.0 34.8 -0.1 26.2 -2.6 139.0 -110.2

-7.6 5.2 151.8 80.4 71.5 0.7 100.2 -2.7 73.4 29.6

32.3 -2.4 243.0 210.8 32.3 -0.6 39.1 1.8 -37.3 74.5

120.2 -24.7 -237.3 -123.8 -113.5 0.3 -124.0 2.4 94.6 -221.0

122.5 -9.4 273.8 472.4 -198.6 -0.6 -68.5 2.4 -3.7 -67.3

109.6 -17.6 -13.6 30.2 -43.8 2.3 151.5 2.4 178.3 -29.2

36.7 -18.9 42.1 25.9 16.2 -0.3 201.8 2.4 135.8 63.5

212.0 -52.8 -1251.4 -1023.6 -227.8 -0.2 -780.9 2.4 67.8 -851.1

70.2 106.6 -409.1 -340.9 -68.2 1.8 -90.5 2.4 1.9 -94.7

20 21 22 23 24 25 26 27 28 29

-3.4

-4.2

-1.2

-6.8

0.2

16.7

15.5

1.9

20.0

29.4

6.4

30

-16.5

3.2

1.5

-20.0

54.3

146.2

151.9

97.9

78.5

256.5

69.9

31

4 5 6 7 8 9 10 11

Checkable deposits and currency Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances

12 13 14

Corporate equities Security credit Miscellaneous assets

15

Net increase in liabilities

16 17 18 19

Security RPs (net) Credit market instruments Corporate bonds Bank loans n.e.c. (1)

20 21 22 23 24 25 26 27 28 29

Corporate equity issues Trade payables Security credit Customer credit balances (HH) From banks Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other

30 31

Proprietors’ net investment Discrepancy

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

F.130 Funding Corporations (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1 2 3 4 5 6 7 8 9 10 11

Net acquisition of financial assets Money market fund shares Security RPs Credit market instruments Open market paper Corporate and foreign bonds Other loans and advances Miscellaneous assets (2) Investment in foreign banking offices Investment in brokers and dealers Net increase in liabilities

12 13 14 15 16

Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. (3) Other loans and advances (4)

17 18 19 20 21

Corporate equities (5) Miscellaneous liabilities Foreign direct investment in U.S. Securities loaned (net) Other (net)

-19.3

18.2

162.5

82.0

328.0

1025.9

1215.1

251.6

565.4

2071.5

-241.8

1

-57.5 0.0 27.7 -26.3 54.9 -0.9

-87.3 0.0 45.9 60.8 -14.5 -0.3

35.0 0.0 47.8 73.5 -29.4 3.6

2.9 0.0 38.7 39.7 -7.1 6.1

258.4 0.0 -42.8 -156.3 109.6 3.9

263.7 0.0 713.0 213.2 497.3 2.5

642.6 0.0 591.1 199.6 388.9 2.6

-156.1 0.0 390.9 -80.3 469.1 2.1

-72.4 0.0 740.4 46.5 688.8 5.0

640.5 0.0 1129.6 687.0 442.2 0.3

-44.2 0.4 -274.2 -277.3 2.6 0.6

2 3 4 5 6 7

10.6 7.4 3.2

59.6 33.0 26.5

79.7 21.0 58.7

40.3 8.6 31.8

112.4 43.7 68.8

49.3 35.6 13.6

-18.7 -2.3 -16.4

16.8 -12.6 29.4

-102.6 -178.7 76.1

301.4 336.1 -34.7

76.2 -29.2 105.4

8 9 10

-19.3

18.2

162.5

82.0

328.0

1025.9

1215.1

251.6

565.4

2071.5

-241.8

11

-3.2 -18.5 15.4 0.0 0.0

-2.9 -15.2 12.2 0.0 0.0

104.7 77.1 27.6 0.0 0.0

28.3 6.7 21.6 0.0 0.0

111.6 60.1 51.5 0.0 0.0

466.4 20.1 1.4 444.9 0.0

-112.5 -84.0 -28.6 0.0 0.0

-18.0 -150.5 17.2 115.3 0.0

159.3 -149.6 63.9 245.0 0.0

1837.0 464.4 -46.9 1419.4 0.0

-420.3 -188.9 93.2 -325.1 0.4

12 13 14 15 16

0.0 -16.1 0.2 102.6 -118.9

0.0 21.1 0.3 86.9 -66.0

0.0 57.7 0.6 174.9 -117.8

0.0 53.6 0.6 302.6 -249.6

0.0 216.5 1.2 -2.1 217.3

40.0 519.5 1.5 -353.2 871.2

0.0 1327.7 1.3 515.4 811.0

0.0 269.6 0.7 -37.7 306.6

0.0 406.1 0.0 -891.2 1297.3

160.0 74.5 4.0 -999.4 1069.9

0.0 178.5 2.8 -369.2 545.0

17 18 19 20 21

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, and Federal Reserve lending facilities. (2) Due from affiliated companies. (3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG). (4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) LLC. (5) Preferred shares issued by AIG to the federal goverment under the Troubled Assets Relief Program (TARP) program.


37

Z.1, June 11, 2009

F.200 Gold and Official Foreign Exchange Holdings (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1 2 3 4 5 6 7 8 9 10 11

Total U.S. reserves U.S. gold stock and SDRs Federal govt.: Exchange Stab. Fund Monetary authority (2) U.S. foreign exchange position Official foreign currency holdings Treasury Monetary authority Net IMF position Federal government Monetary authority

Q2

Q3

Q4

2009 Q1

-1.5

-2.8

-14.1

-2.4

0.1

4.8

1.1

5.1

0.7

12.5

4.2

1

-0.6

0.4

-4.5

0.2

0.2

0.1

0.1

0.1

0.1

0.1

0.1

2

-0.6 0.0

0.4 0.0

-4.5 -0.0

0.2 -0.0

0.2 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

0.1 0.0

3 4

-0.9

-3.2

-9.6

-2.6

-0.0

4.7

1.0

5.0

0.6

12.4

4.1

5

0.6 0.3 0.3

0.6 0.3 0.3

0.6 0.3 0.3

0.7 0.4 0.4

1.0 0.5 0.5

1.3 0.6 0.6

1.4 0.7 0.7

1.2 0.6 0.6

1.6 0.8 0.8

0.9 0.4 0.4

1.2 0.6 0.6

6 7 8

-1.5 -1.5 -0.0

-3.8 -3.8 -0.0

-10.2 -10.2 0.0

-3.3 -3.3 -0.0

-1.0 -1.0 0.0

3.5 3.5 -0.0

-0.4 -0.5 0.0

3.8 3.8 -0.0

-1.0 -1.2 0.2

11.5 11.7 -0.2

2.9 2.9 0.0

9 10 11

(1) Lines 1, 2, and 3 exclude increases in SDRs through allocations, which have occurred at various dates beginning January 1970. Transactions in SDRs are included. Also excluded from the table are revaluations of foreign currency holdings, gold, SDRs, and IMF position. Allocations and revaluations are included in tables on outstandings. (2) Treasury gold stock.

F.201 SDR Certificates and Treasury Currency Billions of dollars; quarterly figures are seasonally adjusted annual rates SDR certificates: 1 2

Liab: Federal government Asset: Monetary authority

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

1 2

Treasury currency: 3 4

Liab: Federal government Asset: Monetary authority

0.6 0.9

0.7 1.0

0.8 0.1

0.6 1.7

0.7 0.5

-0.8 -0.0

-0.9 -0.0

-0.5 -0.0

-1.2 -0.0

-0.8 -0.0

-0.0 14.3

3 4

5

Discrepancy (seigniorage)

-0.3

-0.3

0.7

-1.1

0.2

-0.8

-0.9

-0.5

-1.2

-0.8

-14.4

5

F.202 U.S. Deposits in Foreign Countries Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

2 3 4 5

Total rest of the world liability Held by: Household sector Nonfinancial corporate business Money market mutual funds Discrepancy--unallocated assets

36.0

89.9

40.8

88.0

216.7

-290.7

-375.6

-370.7

-284.2

-132.1

-84.4

1

2.2 17.6 -36.6

5.4 15.6 7.0

2.4 6.9 16.2

5.3 -11.2 -10.6

13.0 1.5 43.2

-17.4 -19.7 2.0

-22.5 -8.2 66.2

-22.2 -2.6 -9.8

-17.1 -45.6 18.3

-7.9 -22.6 -66.7

-5.1 30.1 -198.2

2 3 4

52.8

61.9

15.3

104.6

159.1

-255.5

-411.0

-336.0

-239.9

-34.9

88.8

5


38

Z.1, June 11, 2009

F.203 Net Interbank Transactions Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1

Net change in liabilities

2 3 4

Monetary authority Depository institution reserves Vault cash

5 6

Commercial banking To monetary authority

7

To banks in foreign countries

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

-14.5

19.4

-12.4

-11.2

-97.6

1775.4

-102.0

296.2

1718.1

5189.4

-826.2

1

0.7 0.5 0.1

-5.4 1.0 -6.4

3.6 -5.0 8.6

1.3 -0.3 1.6

5.4 2.1 3.3

842.0 839.2 2.7

7.1 8.0 -0.9

29.6 39.2 -9.6

779.3 755.6 23.8

2551.8 2554.2 -2.4

-215.7 -224.4 8.6

2 3 4

-15.2 -0.7

24.9 1.2

-16.0 -0.0

-12.5 -1.2

-102.9 48.9

933.5 509.6

-109.0 248.5

266.5 251.3

938.8 502.2

2637.6 1036.4

-610.4 -63.1

5 6

-10.1

8.8

-12.3

-9.4

-153.6

372.1

-361.2

41.6

497.4

1310.5

-622.1

7

8 9 10 11

Liabilities, net U.S.-chartered commercial banks Due to foreign affiliates - Due from foreign affiliates

-12.7 43.6 109.7 66.0

14.0 60.7 33.8 -26.8

-24.7 3.5 20.2 16.8

-9.1 111.4 98.8 -12.6

-147.0 63.8 64.2 0.4

378.2 192.4 131.2 -61.2

-346.1 -134.8 12.2 147.1

29.1 368.4 -89.4 -457.8

493.7 -34.9 251.3 286.2

1336.3 570.8 350.7 -220.1

-646.3 -479.4 -238.5 240.9

8 9 10 11

12 13 14

Foreign banking offices in U.S. Due to foreign affiliates - Due from foreign affiliates

-12.2 21.1 33.3

-72.2 77.0 149.2

-8.6 59.6 68.2

-79.2 190.6 269.8

-168.7 4.5 173.2

242.9 5.4 -237.4

-191.7 -22.9 168.8

-282.4 -206.1 76.2

436.2 -2.0 -438.2

1009.3 252.9 -756.5

-191.8 -81.7 110.1

12 13 14

15 16 17

Bank holding companies Due to foreign affiliates - Due from foreign affiliates

-44.1 -40.2 3.9

25.6 19.8 -5.8

-19.6 9.2 28.9

-41.3 -22.6 18.7

-42.2 31.9 74.1

-57.0 -7.0 50.0

-19.6 14.5 34.1

-56.9 22.7 79.7

92.4 -67.3 -159.7

-243.9 2.1 246.0

24.8 -24.5 -49.3

15 16 17

18 19 20

Less: Deposits at foreign banks U.S.-chartered commercial banks Foreign banking offices in U.S.

-2.5 -2.6 0.0

5.2 4.9 0.3

-12.4 -12.6 0.2

0.3 0.9 -0.6

6.6 6.0 0.6

6.2 6.6 -0.4

15.1 8.6 6.5

-12.5 -7.0 -5.5

-3.7 -2.8 -1.0

25.8 27.4 -1.7

-24.2 -24.3 0.1

18 19 20

-4.3

14.9

-3.7

-1.9

1.7

51.8

3.7

-26.3

-60.9

290.7

74.8

21

-54.9 8.5 12.9 -0.1 -4.3

33.0 33.6 18.4 0.2 14.9

0.5 -11.2 -7.1 -0.4 -3.7

-36.6 12.8 14.8 -0.1 -1.9

34.5 16.5 15.4 -0.7 1.7

32.9 4.3 -47.4 -0.1 51.8

-31.5 66.8 64.3 -1.3 3.7

-37.8 -136.4 -109.9 -0.2 -26.3

-65.5 -14.3 46.3 0.2 -60.9

266.5 101.0 -190.4 0.8 290.7

97.1 58.2 -16.7 0.2 74.8

22 23 24 25 26

7.8 55.7

24.2 -23.6

-4.3 -7.4

22.1 27.3

-6.3 -11.7

-51.6 22.9

127.5 -29.2

-152.1 53.4

-63.9 115.1

-117.9 -47.6

-66.5 27.6

27 28

21 22 23 24 25 26

27 28

To U.S. banking, net U.S.-chartered commercial banks Liabilities To foreign offices in U.S. To bank holding companies Unallocated Less, due from: Foreign offices in U.S. Bank holding companies

29 30 31

Foreign banking offices in U.S. Due to U.S. banks - Due from U.S. banks

-5.2 7.8 12.9

5.7 24.2 18.4

2.8 -4.3 -7.1

7.3 22.1 14.8

-21.8 -6.3 15.4

-4.2 -51.6 -47.4

63.1 127.5 64.3

-42.1 -152.1 -109.9

-110.3 -63.9 46.3

72.6 -117.9 -190.4

-49.8 -66.5 -16.7

29 30 31

32 33 34

Bank holding companies Due to U.S. banks - Due from U.S. banks

55.8 55.7 -0.1

-23.8 -23.6 0.2

-6.9 -7.4 -0.4

27.4 27.3 -0.1

-11.0 -11.7 -0.7

23.1 22.9 -0.1

-28.0 -29.2 -1.3

53.6 53.4 -0.2

114.9 115.1 0.2

-48.4 -47.6 0.8

27.4 27.6 0.2

32 33 34

-10.2

4.6

-8.8

-9.3

-99.3

1723.6

-105.7

322.5

1779.0

4898.7

-900.9

35

-10.1

8.8

-12.3

-9.4

-153.6

372.1

-361.2

41.6

497.4

1310.5

-622.1

36

-0.1

-4.2

3.5

0.1

54.2

1351.5

255.5

280.9

1281.5

3588.2

-278.8

37

35

Net change in assets

36

Rest of the world

37

Domestic

38 39 40

Monetary authority Federal Reserve float Loans to member banks

-0.7 -0.7 0.0

1.2 1.2 -0.0

-0.0 -0.0 0.0

-1.2 -1.2 -0.0

48.9 0.3 48.6

509.6 -1.5 511.1

248.5 -2.1 250.6

251.3 -0.3 251.6

502.2 -1.3 503.5

1036.4 -2.2 1038.6

-63.1 -6.3 -56.8

38 39 40

41 42 43

Commercial banking Reserves at Federal Reserve Vault cash

0.1 -0.0 0.1

-5.3 1.1 -6.4

4.1 -4.5 8.6

2.0 0.4 1.6

4.8 1.5 3.3

822.0 819.3 2.7

7.6 8.5 -0.9

29.0 38.6 -9.6

776.0 752.2 23.8

2475.6 2478.0 -2.4

-314.8 -323.4 8.6

41 42 43

44 45

Savings insts.: Reserves at Fed. Res. Credit unions: Reserves at Fed. Res.

0.5 0.0

-0.1 0.0

-0.5 0.0

-0.7 0.0

0.6 0.0

16.1 3.8

-2.9 2.4

0.4 0.2

2.4 1.0

64.6 11.6

44.6 54.4

44 45

-4.3

14.9

-3.7

-1.9

1.7

51.8

3.7

-26.3

-60.9

290.7

74.8

46

46

Discrepancy--floats, etc.


39

Z.1, June 11, 2009

F.204 Checkable Deposits and Currency Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

Q3

Q4

2009 Q1

84.5

85.4

4.4

-19.9

35.0

568.8

26.6

-13.6

1756.9

505.5

-460.6

1

Monetary authority Federal government cash and deposits Due to government-sponsored enterprises Deposits due to foreign Currency outside banks

37.3 1.3 -0.5 0.0 36.5

37.7 0.1 0.6 -0.1 37.1

30.1 -1.4 0.9 0.0 30.6

23.5 0.2 -1.2 0.0 24.5

17.8 11.4 0.9 -0.0 5.5

428.2 349.3 19.4 1.3 58.2

-41.9 -42.1 -6.4 0.0 6.5

39.1 -0.9 0.2 0.5 39.4

1467.5 1309.9 104.2 -0.4 53.8

248.1 130.4 -20.4 5.0 133.2

-287.1 -393.0 -0.8 -0.9 107.5

2 3 4 5 6

7 8 9 10

Commercial banking Federal government deposits Deposits due to foreign Private domestic deposits

35.7 -0.9 4.0 32.6

39.5 -3.2 9.2 33.6

-36.4 7.0 6.4 -49.8

-35.9 -5.9 9.2 -39.2

11.6 14.9 5.2 -8.5

141.9 -39.5 24.3 157.0

59.0 71.0 12.4 -24.4

-74.4 -56.4 -14.8 -3.3

319.2 -54.1 36.9 336.4

263.8 -118.3 62.8 319.3

-204.7 74.2 -71.0 -208.0

7 8 9 10

11 12

Savings institutions Credit unions

5.4 6.0

0.5 7.6

3.8 7.0

0.9 -8.5

4.5 1.1

-2.9 1.6

-10.8 20.3

28.8 -7.1

-19.8 -10.0

-9.6 3.2

-0.5 31.8

11 12

13

Net change in assets

84.5

85.4

4.4

-19.9

35.0

568.8

26.6

-13.6

1756.9

505.5

-460.6

13

14

Household sector

-40.5

-28.8

-113.5

-27.7

-69.1

127.4

-206.9

15.5

-7.4

708.3

-86.0

14

15 16 17 18

Nonfinancial business Corporate Nonfarm noncorporate Farm

56.3 49.9 5.8 0.7

74.8 -12.5 86.3 1.0

138.6 74.0 63.9 0.7

-58.0 -118.7 58.6 2.1

54.3 -1.7 54.2 1.8

-19.7 -37.2 16.3 1.2

47.0 10.3 35.5 1.2

-23.8 -40.6 15.6 1.2

77.4 62.8 13.5 1.2

-179.2 -181.2 0.8 1.2

71.8 100.0 -28.3 0.1

15 16 17 18

19 20

State and local governments Federal government

7.0 9.3

-6.2 -31.0

10.3 12.2

5.2 -2.7

-1.7 25.1

9.3 313.1

-16.1 9.3

15.3 -48.1

11.5 1256.8

26.6 34.4

-14.5 -338.3

19 20

21 22 23

Rest of the world Checkable deposits Currency

14.6 4.0 10.6

22.4 9.1 13.3

14.9 6.4 8.4

11.4 9.2 2.2

-5.4 5.2 -10.7

68.3 25.6 42.7

39.4 12.4 27.0

-13.4 -14.3 0.9

59.9 36.5 23.4

187.2 67.8 119.4

-24.6 -71.9 47.3

21 22 23

24

Financial sectors

46.7

27.1

-50.5

55.3

31.6

71.4

121.8

57.3

353.4

-247.1

-90.0

24

2 3 4 5 6

Net change in liabilities

Q2

25 26 27

Commercial banking Savings institutions Credit unions

-0.0 0.0 3.2

1.0 -3.5 -1.4

-0.5 2.4 -2.0

-0.1 -3.3 6.2

-0.6 -0.5 -1.1

0.7 3.1 -4.8

-0.1 18.6 33.7

0.2 -7.3 -18.5

0.1 -0.6 -34.4

2.6 1.6 -0.2

5.2 3.8 -12.2

25 26 27

28 29 30 31

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds

8.6 12.0 0.1 0.8

-8.7 6.0 0.1 2.5

-4.8 -5.5 0.3 -0.4

8.9 8.3 0.4 -1.7

12.8 2.3 0.6 2.5

-14.8 24.4 0.5 -0.1

-3.4 19.0 0.2 0.4

-5.0 35.0 -0.2 -0.3

11.4 8.1 10.2 -0.5

-62.0 35.6 -8.2 -0.1

-5.5 -48.7 -0.1 -0.1

28 29 30 31

32 33 34 35 36

Money market mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers

-0.7 14.0 1.9 3.8 2.9

2.7 10.4 -0.8 3.0 15.7

-1.4 -24.5 -8.9 1.4 -6.4

7.5 1.8 -1.6 4.9 24.0

-4.8 -2.7 0.4 -1.8 24.5

5.6 39.7 0.3 1.8 15.1

-20.1 -10.3 3.1 11.1 69.6

37.6 49.0 -0.2 -5.8 -27.1

14.7 143.3 -0.9 16.7 185.3

-9.9 -23.3 -0.9 -14.8 -167.4

49.6 -17.1 2.4 -3.7 -63.5

32 33 34 35 36

-8.9

27.1

-7.5

-3.5

0.1

-0.9

32.2

-16.4

5.3

-24.9

21.0

37

37

Mail float


40

Z.1, June 11, 2009

F.205 Time and Savings Deposits Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1 2

Net change in liabilities Small time and savings deposits

Q2

Q3

Q4

2009 Q1

363.2

534.4

598.9

608.2

601.3

334.0

827.4

92.4

317.7

98.4

369.7

1

307.4

281.6

314.4

347.0

317.1

524.7

462.8

286.7

490.1

859.1

456.8

2

231.7 229.6 0.8 1.3

280.6 279.7 -0.7 1.6

268.3 262.9 0.5 4.9

287.6 277.8 8.6 1.2

263.7 255.0 6.9 1.8

541.3 540.2 0.1 1.0

365.6 342.4 24.4 -1.2

85.1 90.7 -8.7 3.1

899.4 923.9 -29.4 5.0

814.9 803.9 14.0 -3.0

423.4 426.2 2.5 -5.3

3 4 5 6

3 4 5 6

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas

7 8

Savings institutions Credit unions

47.2 28.5

-14.4 15.5

34.0 12.1

28.9 30.5

27.6 25.8

-59.6 43.0

56.7 40.5

144.8 56.7

-427.1 17.9

-12.8 57.0

-8.6 42.0

7 8

9

Large time deposits (1)

55.8

252.9

284.4

261.2

284.1

-190.7

364.6

-194.3

-172.4

-760.8

-87.1

9

10 11 12 13

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas

12.8 3.0 8.5 1.3

192.5 115.6 75.4 1.6

243.1 166.8 71.4 4.9

264.0 129.9 132.8 1.2

298.3 23.1 273.4 1.8

-97.7 24.6 -123.2 1.0

307.9 123.8 185.2 -1.2

-90.8 -211.4 117.6 3.1

229.3 409.8 -185.5 5.0

-837.2 -224.0 -610.1 -3.0

-194.7 -96.6 -92.8 -5.3

10 11 12 13

14 15

Savings institutions Credit unions

32.2 10.8

54.0 6.4

38.8 2.5

-5.2 2.5

-19.0 4.8

-93.5 0.5

38.2 18.5

-108.1 4.6

-378.6 -23.1

74.4 2.0

76.0 31.6

14 15

16

Net change in assets

363.2

534.4

598.9

608.2

601.3

334.0

827.4

92.4

317.7

98.4

369.7

16

17

Household sector

287.2

446.2

477.0

475.4

422.2

178.1

412.1

-27.3

440.5

-112.7

70.5

17

18 19 20

Nonfinancial business Corporate Nonfarm noncorporate

116.1 71.5 44.7

41.8 37.7 4.1

83.5 49.9 33.6

78.1 46.6 31.4

15.6 -53.8 69.5

-29.7 -61.2 31.4

-21.3 -72.9 51.7

-28.5 -64.2 35.7

61.4 23.9 37.6

-130.6 -131.4 0.8

-98.2 -69.9 -28.4

18 19 20

21 22 23

State and local governments Federal government Rest of the world

20.3 -25.2 5.2

11.6 -0.0 34.1

12.8 -1.0 6.7

26.2 0.2 11.5

36.2 1.2 40.3

19.1 -1.3 44.4

13.3 3.8 86.1

1.2 -8.0 11.9

4.8 4.3 -19.6

57.1 -5.1 99.5

61.5 0.5 -96.9

21 22 23

24

Financial sectors

-40.5

0.7

19.9

16.9

85.9

123.3

333.4

143.1

-173.6

190.2

432.3

24

0.0 2.5

0.6 -0.7

-0.5 -4.5

3.9 -4.9

3.3 -0.0

4.4 11.4

1.4 21.7

5.8 11.8

1.1 -0.2

9.4 12.1

5.3 18.9

25 26

3.3 -0.9

-4.8 0.6

6.3 -0.1

0.8 -0.4

4.6 0.2

0.3 -0.0

1.1 0.0

-4.9 -0.0

5.6 -0.0

-0.8 0.0

1.1 -0.0

27 28

-53.3 -8.5 16.4

0.4 6.5 -1.8

15.7 12.1 -9.1

23.7 -1.5 -4.8

63.9 12.8 1.2

84.6 21.9 0.8

322.0 -22.1 9.2

83.5 47.6 -0.6

-183.4 6.0 -2.8

116.3 55.9 -2.8

420.3 -20.5 7.1

29 30 31

25 26

Savings institutions Credit unions

27 28

Private pension funds State and local govt. retirement funds

29 30 31

Money market mutual funds Government-sponsored enterprises Finance companies

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Net issues

-207.5

-136.5

127.0

305.3

720.9

724.2

1556.7

-154.9

89.7

1405.3

90.0

1

2

Net purchases

-207.5

-136.5

127.0

305.3

720.9

724.2

1556.7

-154.9

89.7

1405.3

90.0

2

-111.5 -36.7 2.3 4.0 2.6

-56.1 25.3 5.6 3.9 4.1

45.2 42.1 4.8 5.1 0.1

165.2 67.0 6.6 6.8 2.6

232.4 130.6 17.1 4.9 7.4

235.3 171.6 5.0 2.1 8.5

603.5 221.4 9.2 -1.1 8.5

-154.5 128.8 5.4 -1.2 8.5

151.5 -17.4 5.4 1.1 8.5

340.4 353.7 0.2 9.7 8.5

88.3 47.0 -6.0 -13.0 8.5

3 4 5 6 7

-8.3 -0.2 -2.1 -57.5

-30.7 0.6 -1.9 -87.3

-7.1 1.9 0.1 35.0

48.7 3.4 2.1 2.9

64.3 3.4 2.5 258.4

33.3 2.3 2.5 263.7

69.6 2.6 0.3 642.6

11.9 2.6 -0.3 -156.1

11.6 2.0 -0.5 -72.4

40.0 1.8 10.6 640.5

14.5 1.3 -6.5 -44.2

8 9 10 11

3 4 5 6 7 8 9 10 11

Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Life insurance companies Private pension funds State and local govt. retirement funds Funding corporations


41

Z.1, June 11, 2009

F.207 Federal Funds and Security Repurchase Agreements Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

Net change in liabilities

2 3 4 5 6

Monetary authority Commercial banking (net) U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies

7 8 9

Savings institutions REITs Brokers and dealers (net)

10

Net change in assets

Q2

Q3

Q4

2009 Q1

213.5

85.8

307.6

403.0

9.8

-882.7

-72.1

-1052.4

-1014.6

-1391.7

-786.3

1

4.6 38.0 42.7 -5.7 0.9

5.1 13.1 14.6 -0.2 -1.3

-0.3 90.3 57.0 33.4 -0.2

-0.9 70.5 21.4 49.0 0.1

14.4 -49.7 -36.1 -13.6 0.1

44.4 -355.7 -259.0 -96.3 -0.4

0.5 -253.7 -225.8 -27.1 -0.8

-1.1 -138.7 -63.2 -74.7 -0.8

136.5 -250.7 -175.5 -73.0 -2.2

41.7 -779.8 -571.5 -210.3 2.0

-71.0 -111.2 -151.7 40.7 -0.3

2 3 4 5 6

19.3 5.5 146.2

2.4 28.7 36.5

-2.3 13.2 206.7

-19.2 14.4 338.3

-24.1 -6.2 75.5

-0.0 -11.0 -560.3

-58.6 -7.4 247.1

0.3 7.3 -920.2

-9.5 -7.9 -883.0

67.7 -36.0 -685.3

7.6 11.0 -622.6

7 8 9

253.2

226.8

217.8

203.5

344.3

-607.7

122.8

-602.9

-367.2

-1583.6

-84.1

10

11 12 13

Nonfinancial corporate business State and local governments Rest of the world

-0.2 7.9 270.1

0.4 7.7 204.9

8.1 10.0 48.2

1.0 13.5 109.4

-7.5 9.7 80.2

-2.6 -15.4 -531.4

-11.3 -2.2 -17.3

3.8 -21.3 -463.2

-13.3 -87.9 -371.8

10.3 49.6 -1273.1

3.8 -40.0 20.8

11 12 13

14 15 16 17

Financial sectors Monetary authority Savings institutions Credit unions (net)

-24.6 4.3 -7.7 -0.1

13.7 -10.8 -3.2 2.6

151.5 13.8 -0.1 2.6

79.7 -6.0 9.3 -1.6

261.9 5.8 27.3 -2.6

-58.3 33.5 -10.9 -4.8

153.6 163.6 -25.9 -7.4

-122.1 135.4 -28.7 2.6

105.7 -99.3 -13.3 -22.3

-370.4 -65.8 24.3 7.8

-68.7 -276.6 -20.8 -3.0

14 15 16 17

8.5 2.0 -3.6 -20.8 12.9 -20.0 0.0

10.2 0.3 -3.2 -18.7 18.1 18.3 0.0

5.9 1.0 -0.6 112.0 2.8 14.1 0.0

-2.9 0.8 4.4 48.7 17.4 9.7 0.0

-12.2 3.4 4.3 211.3 -0.6 25.3 0.0

13.4 7.3 2.4 -63.5 -7.4 -28.2 0.0

38.7 2.5 0.6 9.9 15.1 -43.7 0.0

-6.1 -17.0 -0.6 -302.5 54.6 40.2 0.0

-19.8 6.3 -0.9 292.6 -21.9 -15.7 0.0

40.7 37.4 10.5 -254.0 -77.6 -93.8 0.0

0.7 -1.2 -6.6 152.2 -93.2 179.4 0.4

18 19 20 21 22 23 24

-39.7

-141.0

89.8

199.5

-334.4

-275.0

-194.9

-449.6

-647.4

191.9

-702.2

25

18 19 20 21 22 23 24 25

Property-casualty insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises (net) Funding corporations Discrepancy--unallocated assets

F.208 Open Market Paper Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

-82.0

106.2

245.1

317.1

-169.4

-189.0

23.4

-267.1

-593.7

81.5

-662.5

1

-81.7

106.5

245.1

317.4

-169.4

-188.8

24.0

-266.9

-593.7

81.5

-662.5

2

Nonfinancial corporate business Foreign issues in U.S. Nonfinancial Financial

-37.3 18.9 -3.8 22.6

15.3 69.2 -2.2 71.5

-7.7 38.6 15.7 22.9

22.4 98.4 -1.9 100.3

11.3 -69.3 2.0 -71.3

7.7 -71.0 20.7 -91.7

42.9 212.0 -10.6 222.6

-77.3 41.7 32.0 9.7

62.8 -276.4 12.8 -289.1

2.2 -261.5 48.5 -310.0

-151.9 63.1 24.3 38.8

3 4 5 6

7 8 9 10 11 12

Financial sectors Commercial banking ABS issuers Finance companies REITs Funding corporations

-63.3 -6.0 -36.0 -2.7 0.0 -18.5

21.9 10.8 -3.9 30.2 0.0 -15.2

214.2 4.0 148.3 -15.3 0.0 77.1

196.6 21.7 162.9 5.3 0.0 6.7

-111.4 37.9 -194.2 -15.1 0.0 60.1

-125.4 -39.0 -83.9 -22.6 0.0 20.1

-230.9 -3.8 -134.7 -8.5 0.0 -84.0

-231.3 58.3 -145.8 6.7 0.0 -150.5

-380.1 -57.9 -123.1 -49.5 0.0 -149.6

340.7 -152.6 68.1 -39.2 0.0 464.4

-573.7 -91.1 -211.8 -82.0 0.0 -188.9

7 8 9 10 11 12

13

Bankers acceptances (1)

-0.2

-0.3

0.0

-0.3

0.0

-0.2

-0.6

-0.1

0.0

0.0

0.0

13

14

Net purchases, by sector

-82.0

106.2

245.1

317.1

-169.4

-189.0

23.4

-267.1

-593.7

81.5

-662.5

14

2 3 4 5 6

Total net issues, all types Commercial paper

15 16 17 18

Household sector Nonfinancial corporate business State and local governments Rest of the world

-4.5 10.9 10.3 66.2

30.2 19.3 10.1 37.0

28.1 16.0 13.1 9.9

23.4 11.7 17.6 48.0

-38.0 -53.0 -7.3 -9.6

-139.2 -57.3 -71.4 -45.1

-128.9 -140.9 -66.9 11.0

-138.9 -16.7 -17.8 -16.0

-174.6 -46.2 -77.2 -94.1

-114.5 -25.5 -123.6 -81.5

-12.5 40.6 -24.7 -48.3

15 16 17 18

19 20 21 22

Monetary authority Commercial banking (1) Savings institutions Credit unions

0.0 0.0 0.0 -0.8

0.0 0.0 0.0 0.1

0.0 0.0 0.0 -0.0

0.0 0.0 0.0 0.2

0.0 0.0 0.0 -0.5

0.0 15.7 0.0 -0.4

0.0 0.0 0.0 9.3

0.0 0.0 0.0 -8.0

0.0 400.1 0.0 -3.0

0.0 -337.4 0.0 0.0

0.0 -44.9 0.0 0.0

19 20 21 22

23 24 25

Life insurance companies Private pension funds State and local govt. retirement funds

-18.2 -3.2 -6.4

-7.6 1.0 -6.5

-8.0 3.0 0.1

12.9 0.2 7.4

8.4 -4.8 7.6

28.3 10.2 -16.4

23.2 6.8 1.1

-8.6 1.4 -1.0

-38.4 -34.6 -22.8

136.9 67.5 -42.7

5.5 6.1 -21.3

23 24 25

26 27 28 29 30

Money market mutual funds Mutual funds Government-sponsored enterprises Brokers and dealers Funding corporations

-125.2 13.1 -3.7 5.9 -26.3

-54.1 18.0 -0.9 -1.3 60.8

86.3 2.9 8.0 12.2 73.5

116.1 17.4 18.5 4.1 39.7

66.3 -0.4 -4.7 22.8 -156.3

-56.1 -62.5 13.5 -21.4 213.2

-23.4 3.4 47.8 81.5 199.6

-39.9 58.9 18.2 -18.3 -80.3

-570.9 -172.5 -10.1 204.1 46.5

410.0 -139.8 -2.0 -353.0 687.0

-130.0 -100.7 16.5 -71.4 -277.3

26 27 28 29 30

(1) Excludes banks’ holdings of own acceptances.


42

Z.1, June 11, 2009

F.209 Treasury Securities Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5 6 7

Net issues Savings bonds Other Treasury issues Net purchases Household sector Savings bonds Other Treasury issues

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

398.4

362.5

307.3

183.7

237.5

1239.0

411.4

310.1

2080.2

2154.2

1442.8

1

8.9 389.5

0.6 361.9

0.7 306.6

-2.7 186.4

-6.0 243.4

-2.4 1241.4

-4.2 415.6

-1.1 311.3

-1.3 2081.6

-3.0 2157.2

-0.3 1443.1

2 3

398.4

362.5

307.3

183.7

237.5

1239.0

411.4

310.1

2080.2

2154.2

1442.8

4

28.9 8.9 20.0

26.8 0.6 26.2

-99.0 0.7 -99.7

-83.1 -2.7 -80.3

-146.3 -6.0 -140.3

70.1 -2.4 72.5

-81.7 -4.2 -77.6

257.6 -1.1 258.8

120.7 -1.3 122.1

-16.4 -3.0 -13.4

1237.9 -0.3 1238.3

5 6 7

1.4 2.1 9.5

0.3 5.3 24.9

17.6 6.0 92.3

-6.5 0.2 35.5

-6.9 9.5 14.5

-4.6 3.5 -8.7

-37.2 6.4 -36.8

9.1 3.8 -28.8

-9.1 3.8 83.2

18.9 0.1 -52.5

11.9 -4.2 7.9

8 9 10

276.4 37.3

366.9 51.2

245.1 26.4

150.4 34.7

215.7 -38.3

749.9 -264.7

607.6 -575.7

495.3 -457.4

822.5 -11.7

1074.0 -14.0

636.1 88.9

11 12

2.5 7.1 -7.0 1.4 1.0

-24.5 -19.2 -5.9 -0.8 1.4

-10.7 -10.1 0.2 -0.9 0.1

-1.9 -2.2 -0.8 1.4 -0.2

17.3 11.1 3.5 4.6 -1.9

-16.7 -19.6 7.5 -4.0 -0.6

-31.3 -64.5 37.9 -3.0 -1.7

-47.9 -57.7 -11.5 22.1 -0.8

91.1 107.5 -23.6 7.2 -0.1

-78.8 -63.8 27.2 -42.2 -0.0

51.9 34.8 28.8 -10.3 -1.5

13 14 15 16 17

3.0 1.2

-3.9 0.1

4.0 -1.1

0.1 -0.3

-5.4 3.0

-4.1 -1.6

-3.9 -3.4

-4.3 2.7

-7.9 -1.3

-0.0 -4.2

2.9 -5.0

18 19

8 9 10

Nonfinancial corporate business Nonfarm noncorporate business State and local governments

11 12

Rest of the world Monetary authority

13 14 15 16 17

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas

18 19

Savings institutions Credit unions

20 21 22 23 24

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

3.5 -6.6 13.3 -10.3 5.1

6.6 6.6 -3.9 2.4 5.4

-2.0 12.7 3.5 2.8 7.8

6.6 -8.0 14.3 3.3 8.3

-20.7 -14.9 38.7 11.8 11.3

-1.3 19.2 15.4 5.7 24.2

-0.9 22.1 16.9 2.0 34.2

-0.6 21.6 16.5 -1.0 9.1

-2.2 19.5 31.9 10.0 28.2

-1.5 13.8 -3.6 11.8 25.5

9.3 23.8 3.7 10.9 17.5

20 21 22 23 24

25 26 27 28 29 30 31

Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises ABS issuers Brokers and dealers

-10.2 9.3 0.6 0.1 -12.3 1.9 41.7

-33.9 4.8 2.3 2.8 -0.6 5.2 -82.4

-9.6 6.6 0.3 4.8 0.2 19.7 -20.0

-5.9 5.0 0.2 3.4 1.2 28.7 -2.4

95.5 18.5 -1.7 6.6 1.3 21.0 7.1

399.5 8.7 -2.4 7.4 1.1 -12.3 250.6

452.9 14.0 -0.9 5.5 1.4 -2.8 23.1

5.4 22.5 -0.8 6.3 1.4 -11.4 11.0

695.3 12.1 -1.8 15.9 1.6 -15.7 194.3

444.5 -13.7 -6.2 1.9 0.2 -19.4 773.9

-253.3 25.1 0.3 18.4 3.5 -20.7 -424.0

25 26 27 28 29 30 31

396.0

361.9

306.9

183.4

237.1

1239.2

412.7

310.4

2078.5

2155.2

1439.6

32

Memo: 32

Federal government borrowing (1)

(1) Total issues of Treasury securities (table F.209, line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 12).


43

Z.1, June 11, 2009

F.210 Agency- and GSE-backed Securities (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1 2 3 4 5 6 7 8

Net issues Budget agencies Government-sponsored enterprises Agency- and GSE-backed mortgage pools Net purchases Household sector Nonfinancial corporate business State and local governments

Q2

Q3

Q4

2009 Q1

579.1

122.3

82.8

330.6

908.3

771.7

650.8

1323.8

706.0

406.4

34.4

1

-2.4 250.9 330.6

-0.6 75.0 47.9

-0.4 -84.0 167.3

-0.3 35.6 295.4

-0.4 282.4 626.3

0.2 274.3 497.3

1.3 119.9 529.7

0.3 655.3 668.2

-1.7 203.3 504.3

1.0 118.5 286.9

-3.2 -262.3 299.9

2 3 4

579.1

122.3

82.8

330.6

908.3

771.7

650.8

1323.8

706.0

406.4

34.4

5

146.3 -4.8 22.5

30.3 0.1 21.9

101.2 6.5 28.4

-54.7 -2.4 38.3

319.6 -2.6 14.6

31.4 -1.7 -10.5

-272.4 -13.8 -6.3

27.4 3.3 -11.9

532.8 -3.4 46.0

-162.1 7.0 -69.5

-1395.7 -23.0 -28.5

6 7 8

9 10 11

Federal government Rest of the world Monetary authority

0.0 12.3 -0.0

0.0 178.2 0.0

0.0 134.3 0.0

0.0 222.7 0.0

0.0 278.2 0.0

54.4 -164.4 19.7

0.0 184.8 0.0

0.0 179.8 0.0

13.2 -336.5 58.0

204.5 -685.7 20.8

209.1 -318.0 1069.3

9 10 11

12 13 14 15 16

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas

84.2 85.1 -6.5 0.9 4.7

95.0 89.7 -1.2 1.9 4.7

-5.5 -3.3 -0.9 -2.3 1.2

45.7 47.5 3.9 -0.0 -5.8

-112.9 -111.4 2.1 -1.3 -2.4

146.7 139.7 -7.0 15.9 -1.9

-47.4 -23.1 -31.6 12.3 -5.0

313.0 250.1 -8.0 61.4 9.6

-35.4 22.5 -9.7 -46.7 -1.5

356.6 309.5 21.3 36.7 -10.9

3.2 66.9 -19.2 -39.0 -5.5

12 13 14 15 16

17 18

Savings institutions Credit unions

22.6 15.2

-82.3 -1.1

55.8 -6.8

-23.0 -13.9

-0.6 -4.1

-0.8 14.4

-12.1 8.1

17.6 20.1

-26.2 18.7

17.5 10.9

30.1 14.6

17 18

19 20 21 22 23

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

2.2 18.0 40.6 42.5 0.5

-3.3 8.2 11.8 23.7 -0.5

5.8 11.4 16.8 -0.4 0.0

4.1 8.8 16.8 52.4 0.1

3.8 5.5 28.5 23.3 0.3

-12.9 -21.2 20.7 6.4 0.0

-12.0 -9.5 13.0 4.0 3.8

-11.2 -12.6 5.1 -1.9 -0.6

-15.0 -26.0 25.7 10.0 -0.0

-13.5 -36.8 39.0 13.6 -3.0

-5.3 -5.6 3.5 9.8 -0.3

19 20 21 22 23

24 25 26

Money market mutual funds Mutual funds Government-sponsored enterprises

-4.6 25.2 85.1

-61.1 15.2 -147.8

-107.4 20.8 -135.4

-28.7 15.7 -37.1

104.5 66.2 -11.1

520.3 27.3 206.6

654.7 43.8 57.4

163.8 70.6 500.1

365.5 37.9 -67.8

897.2 -43.0 336.6

121.7 -4.1 434.4

24 25 26

27 28 29

ABS issuers REITs Brokers and dealers

82.3 -2.9 -8.1

-5.4 15.8 23.5

-32.4 -4.0 -6.3

23.9 24.8 37.0

19.3 23.5 152.2

-19.0 1.7 -47.5

9.6 13.7 31.5

-19.5 28.1 52.5

-22.4 -24.5 155.4

-43.8 -10.4 -429.6

-136.0 17.8 37.4

27 28 29

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB; and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered officially to be part of the total borrowing of the federal government, which is shown in table F.209, line 32.


44

Z.1, June 11, 2009

F.211 Municipal Securities and Loans Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

Net change in liabilities

2 3 4

State and local governments Short-term (1) Long-term

5

Nonprofit organizations (2) Nonfinancial corporate business (industrial revenue bonds)

6 7

Net change in assets

Q2

Q3

Q4

2009 Q1

137.6

130.5

195.0

177.4

215.6

63.2

94.7

57.4

96.6

4.2

128.7

1

120.0 10.4 109.6

115.1 -5.9 121.0

171.1 5.7 165.3

150.6 -3.1 153.7

185.3 17.3 168.0

39.6 11.9 27.7

77.1 -4.6 81.6

19.7 8.6 11.0

70.5 29.0 41.5

-8.9 14.5 -23.4

107.8 -6.6 114.5

2 3 4

14.1

10.3

16.5

21.8

22.6

20.5

13.8

33.2

23.6

11.3

16.8

5

3.5

5.1

7.4

5.0

7.8

3.1

3.8

4.5

2.5

1.7

4.1

6

137.6

130.5

195.0

177.4

215.6

63.2

94.7

57.4

96.6

4.2

128.7

7

8 9 10 11 12

Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world

25.4 3.3 -0.7 0.3 8.0

38.6 -3.6 1.7 0.3 6.5

78.6 0.3 0.1 0.4 3.0

50.8 -4.0 1.3 0.5 5.4

36.2 1.6 1.0 0.3 -1.4

41.9 -22.1 0.4 -0.1 8.0

-17.1 -85.9 0.7 -0.1 2.0

-9.1 -9.1 0.4 0.0 6.0

77.6 4.5 0.4 0.1 12.0

116.2 2.1 0.0 -0.4 12.0

83.8 40.6 -0.4 0.1 -4.0

8 9 10 11 12

13 14 15 16 17

Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies State and local govt. retirement funds

11.0 0.9 41.2 6.2 3.5

8.1 0.8 43.6 4.0 -2.6

16.9 1.5 45.4 2.4 -0.2

22.6 2.2 22.1 4.1 1.9

12.2 -0.1 36.1 4.8 -1.7

23.2 -2.7 1.5 -0.3 -0.8

41.4 -2.2 4.1 1.0 -2.5

7.2 2.6 7.1 0.6 -0.0

78.5 -10.6 -4.8 -1.0 0.1

-34.2 -0.4 -0.4 -1.6 -0.6

-9.6 0.9 8.8 1.5 0.1

13 14 15 16 17

18 19 20 21 22

Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises Brokers and dealers

13.6 12.9 3.2 5.0 3.8

21.8 4.1 -0.1 0.3 7.1

23.0 17.4 0.2 -4.9 10.9

33.5 32.7 0.0 -3.6 8.0

100.7 27.8 1.6 -2.8 -0.7

23.6 17.4 -12.7 -2.8 -11.4

69.8 31.8 -8.1 -3.9 63.8

70.0 52.9 -9.9 -4.3 -57.1

-103.6 22.9 -17.1 -2.9 40.6

58.2 -38.0 -15.8 -0.2 -92.8

-60.8 66.1 4.6 -3.8 0.8

18 19 20 21 22

(1) Debt with original maturity of 13 months or less. (2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).

F.212 Corporate and Foreign Bonds Billions of dollars; quarterly figures are seasonally adjusted annual rates 1 2 3 4 5 6 7 8 9 10 11 12

Net issues

667.1

828.8

859.1

1250.0

1172.6

-165.0

296.2

295.1

-681.4

-569.8

257.1

1

Nonfinancial corporate business Rest of the world (1)

152.2 28.7

75.5 85.8

56.7 64.5

215.6 227.8

311.2 170.7

204.6 -84.7

181.0 32.9

354.9 48.9

92.3 -271.2

190.1 -149.2

570.3 126.0

2 3

Financial sectors Commercial banking Savings institutions ABS issuers (net) (3) Finance companies REITs Brokers and dealers Funding corporations

486.2 46.2 1.7 284.8 107.9 23.8 6.4 15.4

667.5 59.0 2.5 442.5 74.1 61.9 15.2 12.2

737.9 56.7 1.0 576.0 43.6 32.8 0.1 27.6

806.7 76.0 2.0 644.2 42.4 13.9 6.4 21.6

690.7 118.6 -0.3 527.0 -2.8 0.7 -4.0 51.5

-284.9 129.3 -8.0 -338.6 -48.2 -53.0 32.3 1.4

82.3 140.7 1.2 -120.6 121.6 -94.4 62.3 -28.6

-108.6 228.9 0.9 -310.5 -60.9 -0.9 16.4 17.2

-502.5 -194.2 -34.0 -252.1 -10.6 -45.2 -30.2 63.9

-610.6 341.7 -0.0 -671.3 -243.1 -71.5 80.6 -46.9

-439.2 44.0 -1.9 -412.0 -72.9 -30.0 -59.6 93.2

4 5 6 7 8 9 10 11

667.1

828.8

859.1

1250.0

1172.6

-165.0

296.2

295.1

-681.4

-569.8

257.1

12

-145.3 7.1 220.8

93.5 6.9 259.5

114.5 9.0 328.5

177.4 12.1 541.0

186.2 8.8 425.0

-166.6 -3.6 27.6

-297.7 -2.0 4.7

3.0 -5.0 279.1

-215.2 1.9 -159.9

-156.5 -9.4 -13.5

212.2 3.6 -32.9

13 14 15

43.4 -8.0 2.3 20.0 170.4 21.3 -9.9 0.4

82.4 -12.7 0.6 26.4 145.9 -7.5 6.0 -0.3

123.4 21.0 -1.5 17.5 74.7 22.2 14.5 -0.0

93.3 9.2 7.2 14.2 32.9 27.6 68.9 -0.0

198.4 49.2 3.9 5.9 40.0 39.7 -9.1 0.1

6.0 -34.0 -8.9 -6.5 -23.1 42.8 0.8 -0.1

98.4 5.1 -6.7 -4.5 35.1 34.7 2.8 2.1

-112.1 -2.0 -2.3 -2.3 20.4 42.8 -1.2 -0.5

-65.4 -101.0 -10.2 -11.2 -67.6 34.9 -3.6 -0.2

103.0 -38.1 -16.3 -7.9 -80.4 58.8 5.2 -1.7

-101.1 37.5 -32.2 6.5 67.6 11.4 5.8 -0.4

16 17 18 19 20 21 22 23

30.5 78.5 31.6 0.6 50.3 53.3 8.5 36.2 54.9

2.3 64.9 8.9 1.0 137.4 -7.7 17.1 18.7 -14.5

2.2 65.9 1.7 1.9 50.9 -52.5 17.0 77.7 -29.4

105.1 106.2 5.7 2.4 16.1 -18.7 11.6 44.8 -7.1

8.5 121.6 -1.0 6.2 -17.4 4.5 -30.2 22.6 109.6

-148.8 74.6 -24.2 13.9 -129.0 3.0 -20.0 -266.1 497.3

85.5 102.5 -10.2 12.0 -58.8 36.0 -44.0 -87.7 388.9

-65.7 192.9 -12.6 14.5 -116.1 -2.3 -7.4 -396.9 469.1

-382.8 17.4 -23.3 10.7 -136.9 -10.8 -5.9 -241.2 688.8

-232.1 -14.2 -50.8 18.3 -204.2 -10.8 -22.6 -338.7 442.2

-40.8 181.8 -2.6 26.4 -1.3 27.8 -1.5 -113.5 2.6

24 25 26 27 28 29 30 31 32

Net purchases

13 14 15

Household sector State and local governments Rest of the world (2)

16 17 18 19 20 21 22 23

Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

24 25 26 27 28 29 30 31 32

Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations

(1) Net purchases of foreign issues by U.S. residents. (2) Net purchases of U.S. issues by foreign residents. (3) Net issuance less net acquisition of corporate bonds held as assets.


45

Z.1, June 11, 2009

F.213 Corporate Equities (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

Q3

Q4

2009 Q1

143.1

78.8

-95.5

-405.6

-535.1

253.6

-17.7

216.2

-62.3

878.3

180.9

1

2

Nonfinancial corporate business

-41.1

-124.4

-360.7

-602.7

-831.2

-380.8

-475.1

-262.4

-399.6

-386.0

-297.0

2

3

Rest of the world (2)

118.0

84.8

186.7

137.4

118.0

-6.3

107.4

85.4

-59.2

-158.7

-3.0

3

66.2 -2.1 1.6 4.1 -3.9 43.7 15.8 13.3 1.7 -8.0 0.0

118.5 17.6 -0.3 -4.0 -17.3 32.7 56.4 21.5 9.3 2.6 0.0

78.5 -13.8 2.2 -2.8 -8.0 20.7 56.7 16.1 4.2 3.3 0.0

59.7 -10.5 0.8 -8.5 -20.0 8.2 74.0 22.2 1.1 -7.6 0.0

178.0 -23.7 3.3 -13.2 -30.6 17.5 149.9 17.1 25.5 32.3 0.0

640.7 331.9 1.7 0.4 -10.7 -57.2 175.5 11.3 27.7 120.2 40.0

350.0 212.9 0.5 -5.3 -32.0 -14.4 33.2 21.1 11.5 122.5 0.0

393.2 230.1 1.4 18.8 -10.1 -42.3 52.9 14.9 17.9 109.6 0.0

396.5 103.5 2.5 -10.9 -8.2 -90.2 325.0 4.8 33.5 36.7 0.0

1423.1 780.9 2.5 -1.1 7.6 -81.8 290.8 4.3 47.8 212.0 160.0

480.8 230.2 0.9 -1.1 -6.9 7.3 -13.2 9.2 184.2 70.2 0.0

4 5 6 7 8 9 10 11 12 13 14

143.1

78.8

-95.5

-405.6

-535.1

253.6

-17.7

216.2

-62.3

878.3

180.9

15

-103.2 -17.0 0.0 5.2

-267.9 -4.2 0.0 25.0

-408.2 2.5 0.0 56.9

-635.6 -4.4 0.0 119.0

-800.4 2.4 0.0 176.2

74.4 16.8 256.3 20.6

248.7 43.7 0.0 87.6

189.3 -2.6 0.0 -30.8

-44.2 -8.4 0.0 12.2

-96.2 34.3 1025.4 13.2

217.8 18.4 347.5 0.9

16 17 18 19

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

Net issues

Q2

Financial sectors Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies Closed-end funds Exchange-traded funds REITs Government-sponsored enterprises Brokers and dealers Funding corporations (3) Net purchases

16 17 18 19

Household sector State and local governments Federal government Rest of the world (4)

20 21

Commercial banking Savings institutions

2.4 -1.0

-0.3 -1.1

0.1 -1.0

0.7 -1.0

1.6 -0.1

-0.8 -1.5

-0.2 2.1

0.6 -2.6

-3.2 -10.2

-0.5 4.7

18.0 1.5

20 21

22 23 24 25 26

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

-3.4 45.5 -2.6 35.4 17.5

-3.9 51.5 20.9 1.9 9.1

-6.1 65.9 -25.1 -5.6 7.0

2.3 71.4 -92.7 -73.0 6.3

0.5 84.1 -239.3 -35.3 2.7

34.7 48.6 -248.1 -6.7 -8.6

13.0 55.2 -257.4 -45.8 -26.5

4.3 58.0 -233.7 29.8 7.1

52.3 57.9 -206.3 -16.6 -12.7

69.1 23.2 -295.1 5.8 -2.4

-0.2 18.0 -149.8 -3.7 -3.2

22 23 24 25 26

27 28 29 30

Mutual funds Closed-end funds Exchange-traded funds Brokers and dealers

136.8 8.3 15.1 4.1

158.5 21.7 52.6 15.2

129.6 18.5 50.0 20.1

131.3 2.2 68.3 -0.2

91.3 18.7 137.2 25.4

-39.9 -17.8 154.2 -28.5

-67.3 4.9 15.7 -91.5

134.4 -18.9 32.1 49.2

-116.4 -48.0 298.4 -17.2

-110.4 -9.0 270.7 -54.4

-158.0 4.9 -58.0 -73.3

27 28 29 30

(1) Excludes mutual fund shares shown on table F.214. (2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs). (3) Preferred shares issued by AIG to the federal goverment under the TARP program. (4) Net purchases of U.S. issues by foreign residents.

F.214 Mutual Fund Shares (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Net issues

288.6

298.2

260.2

336.8

364.7

29.1

164.5

582.1

-198.6

-431.5

-81.0

1

2

Net purchases

288.6

298.2

260.2

336.8

364.7

29.1

164.5

582.1

-198.6

-431.5

-81.0

2

274.4 11.0 -5.2 26.2

216.4 1.4 -1.3 32.7

228.1 6.7 0.8 32.2

227.1 30.7 -1.3 24.0

268.6 2.0 0.7 14.0

-36.3 -6.8 8.0 1.2

69.9 -6.8 13.4 11.2

467.0 -6.8 12.1 23.6

-246.8 -6.8 -6.1 -10.2

-435.2 -6.8 12.7 -19.7

-228.1 -6.8 27.7 1.4

3 4 5 6

3 4 5 6

Household sector Nonfinancial corporate business State and local governments Rest of the world

7 8

Commercial banking Credit unions

-6.2 0.5

-0.9 -0.9

-1.8 -1.0

3.9 -0.1

3.6 -0.0

1.3 -0.0

-1.0 1.5

-2.2 -0.1

-8.8 -1.5

17.3 0.0

66.3 -1.1

7 8

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds

0.7 0.5 -3.8 -9.5

0.5 12.8 36.1 1.5

0.3 -9.9 10.2 -5.5

0.5 26.9 28.6 -3.4

-0.5 31.3 50.2 -5.3

0.1 22.5 40.0 -0.8

0.1 28.0 55.2 -6.8

0.1 28.0 56.0 4.4

0.1 28.0 56.1 -2.5

0.1 6.0 -7.5 1.7

0.1 8.0 51.7 -0.2

9 10 11 12

9 10 11 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.


46

Z.1, June 11, 2009

F.215 Bank Loans Not Elsewhere Classified Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Total loans by commercial banking, flow of funds basis

215.9

444.7

567.8

677.5

674.9

377.3

351.6

11.7

1660.2

-514.3

-525.4

1

2 3 4 5

- Loans elsewhere classified: Open market paper Mortgages Consumer credit Security credit

0.0 197.5 52.8 23.0

0.0 339.8 34.9 -5.1

0.0 362.4 2.8 34.8

0.0 445.0 34.2 71.5

0.0 242.7 62.9 32.3

15.7 197.3 74.5 -113.5

0.0 156.6 80.2 -198.6

0.0 -152.5 83.4 -43.8

400.1 828.9 77.1 16.2

-337.4 -43.8 57.5 -227.8

-44.9 35.3 2.3 -68.2

2 3 4 5

6

= Banking sector total bank loans n.e.c.

-57.4

75.1

167.8

126.8

337.0

203.3

313.5

124.5

337.9

37.2

-449.8

6

-39.1 -23.6 5.0 0.3

67.6 8.2 -2.5 1.8

98.7 60.7 2.7 5.6

62.9 67.1 -2.9 -0.3

233.7 105.0 0.7 -2.3

137.9 65.1 2.0 -1.8

247.0 67.9 -1.6 0.1

90.0 31.4 4.7 -1.6

271.6 69.9 -2.8 -0.8

-57.0 91.4 7.8 -4.9

-342.4 -106.3 -0.5 -0.6

7 8 9 10

7 8 9 10

U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas

11

+ Loans from Federal Reserve banks

0.0

0.0

0.0

0.0

0.0

490.4

159.0

-37.8

1038.1

802.4

-406.6

11

12

= Total bank loans n.e.c.

-57.4

75.1

167.8

126.8

337.0

693.7

472.4

86.7

1376.0

839.7

-856.4

12

13

Net change in liabilities

-57.4

75.1

167.8

126.8

337.0

693.7

472.4

86.7

1376.0

839.7

-856.4

13

-78.8

9.0

149.0

189.2

266.1

200.4

291.3

76.6

438.1

-4.6

-372.1

14

12.1 -99.2 11.3 -0.4

-23.0 -1.2 27.2 2.2

9.7 -31.9 154.5 2.2

49.9 17.0 105.2 3.3

13.4 91.8 134.6 2.3

20.7 70.3 101.0 3.2

6.6 98.3 149.6 1.3

-72.4 67.9 83.0 7.1

189.1 104.6 122.0 0.9

-40.5 10.5 49.4 3.4

-68.3 -139.3 -143.3 -1.8

15 16 17 18

-2.5 -0.6 3.8 -5.7

3.8 1.0 4.5 -1.7

14.5 -2.9 4.7 12.7

13.8 -0.7 3.8 10.7

24.1 -0.0 8.3 15.8

5.1 0.7 2.8 1.6

35.4 0.4 30.6 4.4

-9.0 4.6 -4.0 -9.6

21.5 -3.2 16.1 8.6

-27.4 1.1 -31.5 3.0

-19.4 -0.1 -14.9 -4.4

19 20 21 22

21.4

66.0

18.8

-62.3

70.9

493.3

181.2

10.1

937.8

844.2

-484.2

23

16.0 5.8 -0.4 0.0 0.0

28.9 30.0 7.2 0.0 0.0

5.2 5.2 8.4 0.0 0.0

-44.5 -12.9 -5.0 0.0 0.0

13.3 52.8 4.8 0.0 0.0

13.0 -9.8 -0.3 45.5 444.9

1.2 16.8 4.1 159.0 0.0

11.3 55.3 -18.7 -153.2 115.3

22.0 -133.9 11.7 793.1 245.0

17.7 22.4 1.7 -617.0 1419.4

-30.3 -19.9 -8.7 -100.3 -325.1

24 25 26 27 28

14

Nonfinancial sectors

15 16 17 18

Household sector Corporate business Nonfarm noncorporate business Farm business

19 20 21 22

Rest of the world Foreign official institutions Foreign banks Other foreign

23 24 25 26 27 28

Financial sectors Savings institutions Finance companies REITs Brokers and dealers Funding corporations


47

Z.1, June 11, 2009

F.216 Other Loans and Advances Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

Q2

Q3

Q4

2009 Q1

Total other loans and advances

39.3

128.6

155.8

156.4

545.0

95.1

305.4

46.5

468.0

-439.6

-468.0

1

2 3 4 5 6 7 8 9 10 11

U.S. government loans Liab.: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Rest of the world Government-sponsored enterprises Finance companies Funding corporations

-1.9 -0.6 0.8 0.2 -0.2 0.1 -2.1 0.0 0.0 0.0

-3.0 -0.9 0.3 1.3 -0.3 0.3 -3.7 0.0 0.0 0.0

-7.0 -0.7 0.8 -2.9 -0.2 0.6 -4.6 0.0 0.0 0.0

0.6 1.4 1.2 4.8 -0.1 0.6 -7.4 0.0 0.0 0.0

-2.2 -0.4 -0.3 1.2 -0.0 0.7 -3.3 0.0 0.0 0.0

6.9 0.3 5.2 2.1 0.0 0.8 -1.6 0.0 0.0 0.0

-1.4 -0.7 0.6 0.3 -0.3 0.4 -1.6 0.0 0.0 0.0

3.8 2.6 0.4 1.6 0.2 0.8 -1.8 0.0 0.0 0.0

1.7 -0.4 -1.3 3.5 0.3 1.1 -1.4 0.0 0.0 0.0

23.5 -0.2 21.2 3.1 -0.3 1.0 -1.4 0.0 0.0 0.0

57.2 -0.2 47.4 4.3 -0.2 0.6 -1.1 0.0 6.0 0.4

2 3 4 5 6 7 8 9 10 11

12 13

Foreign loans to U.S. corporate business Liab.: Nonfinancial corporate business

-0.8 -0.8

6.3 6.3

28.3 28.3

7.4 7.4

106.7 106.7

-48.8 -48.8

-87.1 -87.1

-61.8 -61.8

-47.1 -47.1

0.9 0.9

-96.1 -96.1

12 13

14 15 16

Customers liability on acceptances outstanding (Commercial banking asset) Liab.: Nonfinancial corporate business Rest of the world

-0.2 -0.2 0.0

-0.4 -0.4 0.1

0.0 0.0 -0.0

-0.3 -0.3 -0.1

0.0 -0.1 0.1

-0.2 -0.2 0.0

-0.6 -0.3 -0.3

-0.1 0.1 -0.2

0.0 -0.6 0.6

0.0 0.0 0.0

0.0 0.0 0.0

14 15 16

17 18 19

Savings institution loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business

10.1 5.0 5.0

1.3 0.7 0.7

3.9 1.9 1.9

6.0 3.0 3.0

6.2 3.1 3.1

6.4 3.2 3.2

17.2 8.6 8.6

-7.6 -3.8 -3.8

-8.4 -4.2 -4.2

24.2 12.1 12.1

2.7 1.3 1.3

17 18 19

20 21 22

Policy loans (Household liability) Asset: Federal government Life insurance companies

-0.7 -0.1 -0.7

1.6 -0.1 1.6

0.8 -0.0 0.8

3.3 -0.0 3.4

3.6 -0.0 3.6

5.9 -0.0 5.9

4.8 -0.0 4.8

4.4 -0.0 4.4

4.4 -0.0 4.4

10.1 -0.0 10.1

-3.7 -0.0 -3.7

20 21 22

23 24 25 26 27 28 29 30

Govt.-sponsored enterprises loans (1) Liab.: Household sector (SLMA) Noncorporate business (FCS) Farm business (FCS) Commercial banks (FHLB and SLMA) Savings institutions (FHLB and SLMA) Credit unions (FHLB) Life insurance companies (FHLB)

31.1 -0.1 -0.3 0.3 8.6 17.6 2.2 2.9

73.5 -0.3 -1.7 1.5 8.8 60.0 2.3 3.0

52.4 0.0 1.9 6.1 24.4 16.2 3.3 0.4

33.1 0.0 4.2 7.7 80.0 -65.7 4.2 2.7

237.7 0.0 4.3 7.7 106.7 91.1 13.4 14.5

44.0 0.0 4.6 4.8 71.0 -70.9 8.3 26.2

225.8 0.0 12.6 25.3 92.5 101.1 -15.2 9.6

-16.1 0.0 10.0 15.0 12.1 -89.9 27.6 9.2

360.7 0.0 -9.0 -20.3 511.3 -191.8 32.4 38.0

-394.3 0.0 4.9 -0.8 -331.7 -103.1 -11.6 48.0

-335.8 0.0 1.4 3.3 -251.3 -38.2 -41.2 -9.7

23 24 25 26 27 28 29 30

31 32

Securitized loans held by ABS issuers Liab.: Nonfinancial corporate business

-1.1 -1.1

1.4 1.4

-16.8 -16.8

1.0 1.0

-8.2 -8.2

-10.8 -10.8

-12.7 -12.7

-17.1 -17.1

-10.7 -10.7

-2.9 -2.9

-24.9 -24.9

31 32

33 34 35

Finance company loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business

-2.3 -2.1 -0.2

9.8 8.8 1.0

27.6 24.9 2.8

18.9 17.0 1.9

24.9 22.4 2.5

16.9 15.2 1.7

82.7 74.4 8.3

78.4 70.6 7.8

18.0 16.2 1.8

-111.5 -100.3 -11.1

-85.5 -76.9 -8.5

33 34 35

36 37 38 39 40 41 42

Loans to nonfinancial corporate business (2) Asset: Household sector Life insurance companies Mutual funds ABS issuers Brokers and dealers Funding corporations

5.3 0.3 0.6 -1.1 6.2 0.1 -0.9

38.1 2.8 1.9 9.6 18.9 5.2 -0.3

66.6 2.7 4.2 10.5 37.8 7.7 3.6

86.5 -0.3 3.2 7.9 54.9 14.7 6.1

176.2 9.1 12.6 37.4 97.3 15.8 3.9

74.7 10.4 12.7 7.7 31.2 10.2 2.5

76.6 10.7 13.0 7.9 32.0 10.5 2.6

62.6 8.7 10.6 6.5 26.2 8.5 2.1

149.2 20.8 25.3 15.4 62.4 20.4 5.0

10.5 1.5 1.8 1.1 4.4 1.4 0.3

18.0 2.5 3.0 1.9 7.5 2.5 0.6

36 37 38 39 40 41 42

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. (2) Syndicated loans from domestic entities, excluding banks and finance companies which are included elsewhere.


48

Z.1, June 11, 2009

F.217 Total Mortgages Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Net change in mortgages

1000.2

1252.0

1437.5

1390.5

1069.8

64.1

493.8

119.3

-151.2

-205.3

-40.7

1

2 3 4 5

Home Multifamily residential Commercial Farm

802.5 71.9 127.0 -1.3

1024.9 53.1 171.3 2.7

1112.4 70.7 249.8 4.6

1060.4 55.3 274.8 -0.0

692.5 98.8 272.2 6.3

-109.0 56.1 113.7 3.3

246.3 71.5 172.7 3.3

-87.3 64.2 139.0 3.3

-324.2 58.4 111.2 3.4

-271.0 30.3 32.0 3.4

-61.0 20.2 -2.6 2.7

2 3 4 5

6

1000.2

1252.0

1437.5

1390.5

1069.8

64.1

493.8

119.3

-151.2

-205.3

-40.7

6

Household sector

856.0

955.2

1045.4

1004.6

682.1

-41.9

264.9

-16.2

-244.7

-171.7

-5.7

7

8 9 10 11

Nonfinancial business Corporate Nonfarm noncorporate Farm

135.2 61.0 75.5 -1.3

271.3 51.9 216.7 2.7

378.0 199.9 173.4 4.6

379.2 89.7 289.6 -0.0

383.1 115.3 261.5 6.3

99.3 38.3 57.6 3.3

208.4 69.8 135.3 3.3

138.1 50.1 84.7 3.3

87.6 39.6 44.7 3.4

-37.1 -6.1 -34.4 3.4

-36.8 -11.5 -28.0 2.7

8 9 10 11

12 13

Federal government REITs

0.0 8.9

0.0 25.5

0.0 14.1

0.0 6.6

0.0 4.7

0.0 6.8

0.0 20.4

0.0 -2.6

0.0 5.9

0.0 3.4

0.0 1.8

12 13

14

Net change in assets

1000.2

1252.0

1437.5

1390.5

1069.8

64.1

493.8

119.3

-151.2

-205.3

-40.7

14

5.2 2.2 0.1

8.3 14.8 4.6

6.1 1.7 5.3

-18.7 -8.4 -1.5

-14.0 -18.9 5.8

1.1 -18.9 2.2

-6.5 -18.9 3.9

27.1 -18.9 2.3

-8.9 -18.9 2.3

-7.1 -18.9 0.1

-4.6 -18.9 -2.6

15 16 17

8.5 -2.5

8.3 1.6

10.8 2.4

14.5 3.7

10.5 1.9

-4.3 3.9

-2.4 2.1

-5.9 6.1

2.3 -3.4

-11.2 10.8

0.3 5.6

18 19

197.5 89.6 23.2

339.8 186.8 30.6

362.4 95.3 32.4

445.0 -78.8 31.0

242.7 21.3 31.8

197.3 -235.1 37.1

156.6 53.6 47.1

-152.5 -1.7 39.3

828.9 -1015.0 33.2

-43.8 22.9 28.6

35.3 -49.7 19.5

20 21 22

0.1 10.9 -0.1 -0.7

0.3 12.4 -0.2 -5.3

0.3 12.1 -0.2 1.3

0.7 18.3 -0.3 -1.9

1.3 22.4 0.7 -1.7

0.2 16.3 0.9 -0.3

0.4 25.5 1.0 -0.1

0.6 17.4 1.1 -0.5

-1.4 19.6 0.8 -0.8

1.2 2.5 0.7 -0.0

0.2 -4.2 0.8 -0.3

23 24 25 26

101.7 330.6 173.3

7.5 47.9 434.3

-40.2 167.3 687.1

18.4 295.4 630.5

35.9 626.3 180.9

59.0 497.3 -365.2

57.9 529.7 -302.6

51.9 668.2 -379.5

-13.7 504.3 -347.7

140.0 286.9 -430.8

75.1 299.9 -349.5

27 28 29

39.7 20.7

105.8 54.6

65.4 28.1

53.0 -10.3

-62.5 -14.5

-84.0 -43.4

-1.4 -52.1

-115.2 -20.7

-112.4 -20.6

-106.9 -80.2

-10.0 -37.7

30 31

7

Net borrowing

15 16 17

Household sector Nonfinancial corporate business Nonfarm noncorporate business

18 19

State and local governments Federal government

20 21 22

Commercial banking Savings institutions (1) Credit unions

23 24 25 26

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds

27 28 29

Government-sponsored enterprises (1) Agency- and GSE-backed mortgage pools ABS issuers

30 31

Finance companies REITs

(1) FHLB loans to savings institutions are included in other loans and advances.


49

Z.1, June 11, 2009

F.218 Home Mortgages (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5 6 7 8

Net borrowing Household sector Nonfinancial corporate business Nonfarm noncorporate business Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business

9 10

State and local governments Federal government

11 12 13

Commercial banking Savings institutions Credit unions

14 15 16

Life insurance companies Private pension funds State and local govt. retirement funds

17 18 19

Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

20 21

Finance companies REITs

22 23 24 25 26 27

Memo: Home equity loans included above (2) Commercial banking Savings institutions Credit unions ABS issuers Finance companies

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

802.5

1024.9

1112.4

1060.4

692.5

-109.0

246.3

-87.3

-324.2

-271.0

-61.0

1

860.3 1.9 -59.7

937.4 4.7 82.8

1037.2 7.6 67.6

978.0 8.2 74.2

655.7 2.9 34.0

-51.7 -10.2 -47.1

251.8 -3.0 -2.6

-31.7 -10.7 -44.9

-253.0 -12.7 -58.5

-173.9 -14.5 -82.6

-5.2 -10.8 -45.0

2 3 4

802.5

1024.9

1112.4

1060.4

692.5

-109.0

246.3

-87.3

-324.2

-271.0

-61.0

5

6.1 1.2 0.0

6.6 13.8 1.6

5.0 1.0 1.9

-15.0 -5.1 -0.6

-12.1 -11.3 2.1

0.4 -11.3 0.8

-8.0 -11.3 1.4

25.6 -11.3 0.9

-8.0 -11.3 0.8

-8.0 -11.3 0.0

-8.0 -11.3 -0.9

6 7 8

4.3 -0.9

4.2 -0.5

5.5 -0.4

7.4 0.2

5.3 0.3

-2.2 -0.1

-1.2 0.5

-3.0 2.5

1.2 -3.9

-5.7 0.6

-1.8 0.3

9 10

128.7 71.8 23.2

225.2 171.4 30.6

212.0 79.6 32.4

291.5 -86.0 31.0

123.7 11.1 31.8

35.5 -212.6 37.1

31.9 11.1 47.1

-294.9 -18.1 39.3

543.3 -859.0 33.2

-138.1 15.6 28.6

7.2 -53.5 19.5

11 12 13

0.3 -1.1 -0.3

0.8 -0.2 -1.9

-0.1 -0.0 0.5

3.3 -0.1 -0.7

-0.0 -0.1 -0.6

1.1 0.1 -0.1

0.6 0.2 -0.0

0.8 0.1 -0.2

0.6 0.3 -0.3

2.2 -0.2 -0.0

-1.2 0.2 -0.1

14 15 16

89.7 303.5 122.9

-6.7 45.0 382.2

-53.1 163.4 572.4

5.2 290.9 513.7

-10.9 609.2 33.9

17.2 483.5 -320.6

16.4 516.3 -269.3

9.6 655.9 -346.5

-60.7 492.2 -313.1

103.4 269.6 -353.5

63.2 294.1 -332.0

17 18 19

34.6 18.4

101.8 50.9

67.8 24.6

48.3 -23.7

-65.4 -24.5

-97.3 -40.4

-36.3 -53.0

-128.3 -19.6

-121.4 -18.0

-103.2 -71.1

-7.3 -29.3

20 21

92.7 62.7 17.1 3.7 1.2 8.0

182.2 117.6 25.6 12.2 7.1 19.7

139.2 65.5 30.4 12.0 17.1 14.3

150.8 104.6 -14.1 11.0 39.6 9.7

64.1 38.6 42.9 7.2 -11.6 -13.1

-16.6 82.6 -61.0 4.6 -23.3 -19.5

-12.8 22.9 0.3 1.5 -25.7 -11.8

-0.4 52.6 -0.8 3.2 -25.4 -30.0

-47.2 229.7 -242.4 7.4 -21.7 -20.2

-5.9 25.2 -1.1 6.0 -20.2 -15.8

-67.7 -25.5 -14.0 -4.3 -18.3 -5.6

22 23 24 25 26 27

(1) Mortgages on 1-4 family properties including mortages on farm houses. (2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

F.219 Multifamily Residential Mortgages Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Net borrowing

71.9

53.1

70.7

55.3

98.8

56.1

71.5

64.2

58.4

30.3

20.2

1

1.6 69.8

1.8 47.8

1.9 69.0

2.0 53.1

1.9 99.3

1.5 52.2

1.7 64.9

1.6 62.7

1.5 54.7

1.4 26.5

1.2 16.6

2 3

Federal government REITs

0.0 0.5

0.0 3.6

0.0 -0.1

0.0 0.3

0.0 -2.3

0.0 2.3

0.0 4.9

0.0 -0.2

0.0 2.2

0.0 2.4

0.0 2.4

4 5

Net change in assets

2 3

Nonfinancial corporate business Nonfarm noncorporate business

4 5 6

71.9

53.1

70.7

55.3

98.8

56.1

71.5

64.2

58.4

30.3

20.2

6

Household sector Nonfinancial corporate business Nonfarm noncorporate business

0.0 0.0 0.0

0.0 0.0 1.6

0.0 0.0 1.9

0.1 -0.1 -0.5

0.1 -0.3 2.0

0.1 -0.3 0.7

0.1 -0.3 1.3

0.1 -0.3 0.8

0.1 -0.3 0.8

0.1 -0.3 0.0

0.1 -0.3 -0.9

7 8 9

10 11

State and local governments Federal government

3.4 0.2

3.3 0.4

4.3 -0.0

5.8 -0.2

4.2 -0.3

-1.7 -0.1

-1.0 -0.5

-2.4 0.0

0.9 -0.2

-4.5 0.4

1.7 -0.1

10 11

12 13

Commercial banking Savings institutions

10.3 9.3

14.2 9.6

20.0 10.8

18.9 -2.6

10.9 -3.1

42.2 -27.5

18.1 7.5

12.8 9.3

136.3 -126.9

1.6 -0.0

6.4 2.1

12 13

14 15 16

Life insurance companies Private pension funds State and local govt. retirement funds

1.7 0.3 -0.2

1.9 0.0 -1.6

2.0 -0.0 0.4

3.6 -0.1 -0.6

5.8 0.1 -0.5

-0.1 0.3 -0.1

0.3 0.9 -0.0

0.2 0.4 -0.1

0.2 1.0 -0.2

-1.0 -1.2 -0.0

-1.6 0.6 -0.1

14 15 16

17 18 19

Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

12.1 26.5 7.9

14.3 2.9 6.4

10.5 3.9 16.5

12.4 2.1 13.9

42.3 15.7 22.0

40.4 13.6 -11.0

40.1 13.7 -10.6

40.8 13.0 -11.5

46.0 10.4 -9.8

34.8 17.4 -12.1

12.9 6.0 -4.9

17 18 19

20 21

Finance companies REITs

0.0 0.2

-0.1 0.1

0.0 0.3

-0.5 3.1

-0.1 0.2

0.8 -1.3

1.8 -0.1

1.7 -0.5

2.8 -2.7

-3.3 -1.8

-0.8 -1.0

20 21

7 8 9


50

Z.1, June 11, 2009

F.220 Commercial Mortgages Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1 2 3 4 5 6 7 8 9

Net borrowing Household sector Nonfinancial corporate business Nonfarm noncorporate business REITs Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

127.0

171.3

249.8

274.8

272.2

113.7

172.7

139.0

111.2

32.0

-2.6

1

-4.3 57.4 65.5 8.4

17.8 45.4 86.1 21.9

8.1 190.4 36.9 14.2

26.7 79.5 162.3 6.3

26.4 110.5 128.2 7.0

9.8 47.0 52.5 4.5

13.1 71.1 73.0 15.5

15.5 59.2 66.8 -2.4

8.3 50.7 48.5 3.7

2.2 7.1 21.7 1.0

-0.5 -2.0 0.4 -0.6

2 3 4 5

127.0

171.3

249.8

274.8

272.2

113.7

172.7

139.0

111.2

32.0

-2.6

6

0.6 1.0 0.0

0.6 1.0 1.2

0.7 0.6 1.4

0.7 -3.2 -0.4

0.7 -7.3 1.6

0.7 -7.3 0.6

0.7 -7.3 1.1

0.7 -7.3 0.6

0.7 -7.3 0.6

0.8 -7.3 0.0

0.8 -7.3 -0.7

7 8 9

10 11

State and local governments Federal government

0.7 -1.6

0.7 1.8

0.9 2.8

1.2 3.7

0.8 1.9

-0.3 3.8

-0.2 2.2

-0.5 3.5

0.2 0.0

-0.9 9.6

0.3 5.6

10 11

12 13

Commercial banking Savings institutions

58.6 8.4

98.1 5.9

128.7 4.9

133.8 9.7

105.3 13.1

118.3 5.0

105.2 34.9

128.4 7.0

148.1 -29.0

91.5 7.2

20.3 1.8

12 13

14 15 16 17

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds

0.1 8.9 0.8 -0.2

0.3 10.1 0.0 -1.8

0.3 10.2 -0.1 0.5

0.7 11.1 -0.2 -0.7

1.3 16.8 0.7 -0.6

0.2 14.9 0.5 -0.1

0.4 24.2 -0.1 -0.0

0.6 16.0 0.6 -0.2

-1.4 18.5 -0.5 -0.3

1.2 0.9 2.0 -0.0

0.2 -1.8 0.0 -0.1

14 15 16 17

18 19

Agency- and GSE-backed mortgage pools ABS issuers

0.0 42.6

0.0 45.7

0.0 98.1

0.0 102.9

0.0 125.0

0.0 -33.6

0.0 -22.7

0.0 -21.5

0.0 -24.9

0.0 -65.2

0.0 -12.6

18 19

20 21

Finance companies REITs

5.1 2.0

4.1 3.5

-2.4 3.2

5.2 10.3

2.9 9.9

12.6 -1.7

33.1 1.0

11.4 -0.5

6.3 0.1

-0.4 -7.3

-1.8 -7.4

20 21

F.221 Farm Mortgages (1) Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Net borrowing (Farm business)

-1.3

2.7

4.6

-0.0

6.3

3.3

3.3

3.3

3.4

3.4

2.7

1

2

Net change in assets

-1.3

2.7

4.6

-0.0

6.3

3.3

3.3

3.3

3.4

3.4

2.7

2

3 4

Household sector Nonfarm noncorporate business

-1.5 0.0

1.1 0.1

0.4 0.1

-4.5 -0.0

-2.6 0.1

-0.1 0.0

0.7 0.1

0.6 0.0

-1.7 0.0

0.0 0.0

2.5 -0.1

3 4

5 6

State and local governments Federal government

0.1 -0.3

0.1 -0.2

0.1 -0.0

0.1 -0.0

0.1 0.1

-0.0 0.2

-0.0 -0.2

-0.1 0.2

0.0 0.8

-0.1 0.1

0.0 -0.1

5 6

7 8

Commercial banking Savings institutions

-0.1 0.1

2.3 -0.0

1.7 0.0

0.8 0.1

2.8 0.1

1.3 0.0

1.3 0.1

1.3 0.0

1.3 -0.1

1.3 0.1

1.3 -0.0

7 8

9 10

Life insurance companies State and local govt. retirement funds

-0.1 0.0

-0.5 0.0

0.1 0.0

0.3 0.0

-0.1 0.0

0.3 0.0

0.3 0.0

0.3 0.0

0.3 0.0

0.3 0.0

0.4 0.0

9 10

11 12

Government-sponsored enterprises Agency- and GSE-backed mortgage pools

-0.1 0.6

-0.0 -0.1

2.3 -0.1

0.7 2.3

4.5 1.4

1.4 0.1

1.4 -0.4

1.5 -0.6

1.1 1.7

1.8 -0.2

-1.0 -0.2

11 12

(1) Excludes mortgages on farm houses.


51

Z.1, June 11, 2009

F.222 Consumer Credit Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

1

Net change in liabilities (Households)

104.4

115.0

94.5

104.4

133.6

44.0

120.8

101.0

35.4

-81.0

-90.7

1

2

Net change in assets

104.4

115.0

94.5

104.4

133.6

44.0

120.8

101.0

35.4

-81.0

-90.7

2

-16.2 0.0 1.9

0.1 0.0 3.7

0.2 0.0 3.7

-2.1 0.0 1.9

-1.6 0.0 6.7

0.1 0.0 12.6

25.3 0.0 10.6

-13.1 0.0 10.1

-24.4 0.0 4.2

12.7 0.0 25.5

19.2 0.0 31.2

3 4 5

52.8 9.2 10.1

34.9 13.4 9.5

2.8 17.8 13.2

34.2 -13.5 5.9

62.9 -4.8 1.2

74.5 -4.5 -0.7

80.2 -13.1 -12.7

83.4 10.0 -1.0

77.1 -42.9 8.5

57.5 28.2 2.5

2.3 -25.1 8.7

6 7 8

-16.3 -22.5 85.5

-20.6 -25.3 99.3

0.0 32.5 24.2

0.0 60.2 17.8

0.0 19.5 49.7

0.0 -29.8 -8.3

0.0 -5.2 35.7

0.0 -2.2 13.7

0.0 1.7 11.1

0.0 -113.7 -93.7

0.0 -62.3 -64.6

9 10 11

3 4 5

Nonfinancial corporate business Nonfarm noncorporate business Federal government

6 7 8

Commercial banking Savings institutions Credit unions

9 10 11

Government-sponsored enterprises ABS issuers Finance companies

F.223 Trade Credit Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Net change in trade payables

22.4

194.5

340.4

188.3

240.3

-128.0

56.1

-70.9

-140.5

-356.9

-163.1

1

4.8

16.5

13.0

13.6

14.6

15.7

15.3

15.6

15.8

16.1

6.4

2

-54.7 -25.7 -0.4

97.3 22.2 1.8

199.4 52.0 -2.5

110.3 20.0 -7.7

105.3 45.7 -1.1

-152.0 17.0 -7.7

-15.0 30.9 -26.4

-151.2 18.2 -20.7

-187.2 18.1 19.2

-254.7 0.6 -2.9

-277.2 -20.1 -2.8

3 4 5

2

Household sector

3 4 5

Nonfinancial corporate business Nonfarm noncorporate business Farm business

6 7

State and local governments Federal government

29.2 72.4

30.4 15.1

32.5 32.6

34.9 5.7

38.1 29.0

41.2 -6.7

40.2 30.6

41.6 48.8

42.5 -21.3

40.4 -85.0

39.2 -5.0

6 7

8 9

Rest of the world Brokers and dealers

6.1 -9.2

3.5 7.8

6.3 7.0

6.2 5.2

11.2 -2.4

-10.8 -24.7

-10.1 -9.4

-5.5 -17.6

-8.8 -18.9

-18.7 -52.8

-10.1 106.6

8 9

10

Net change in trade receivables

-0.6

183.4

371.2

55.2

284.3

-61.6

149.4

-52.6

-55.4

-287.8

-271.0

10

11 12

Nonfinancial corporate business Nonfarm noncorporate business

-17.2 -25.1

128.9 26.6

277.7 66.6

-18.2 40.0

172.3 79.2

-77.9 29.4

22.2 53.7

-47.0 31.6

-57.8 31.4

-229.2 1.0

-196.5 -34.9

11 12

13 14 15

State and local governments Federal government Rest of the world

8.1 19.1 1.3

7.9 10.5 -1.1

10.2 9.1 7.9

13.8 0.4 5.9

10.0 0.2 20.8

-4.4 0.1 6.1

-2.3 2.1 43.4

-6.8 -4.5 23.1

2.2 3.5 7.7

-10.6 -0.6 -49.9

4.1 4.4 -10.5

13 14 15

16 17

Property-casualty insurance companies ABS issuers

4.5 8.8

0.3 10.3

2.4 -2.8

4.9 8.5

-1.6 3.4

1.3 -16.1

3.4 26.8

3.5 -52.5

0.0 -42.4

-1.9 3.5

-0.1 -37.6

16 17

23.0

11.0

-30.8

133.1

-44.0

-66.4

-93.2

-18.3

-85.1

-69.2

107.9

18

18

Discrepancy

F.224 Security Credit Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

120.0

179.4

0.2

211.5

276.5

-397.9

433.0

-309.0

485.5

-2201.3

-533.8

1

2 3

Net change in liabilities Household sector Rest of the world

34.3 0.0

81.5 0.0

-31.6 0.0

59.7 0.0

33.4 0.0

-160.7 0.0

159.2 0.0

-295.4 0.0

443.4 0.0

-949.9 0.0

-124.7 0.0

2 3

4 5 6 7

Brokers and dealers Customer credit balances (HH) From U.S.-chartered commercial banks From foreign banking offices in U.S.

85.7 62.7 12.2 10.8

97.9 103.0 10.7 -15.8

31.8 -3.0 -6.6 41.4

151.8 80.4 20.9 50.6

243.0 210.8 29.3 3.0

-237.3 -123.8 12.8 -126.3

273.8 472.4 50.3 -248.9

-13.6 30.2 -1.3 -42.5

42.1 25.9 82.5 -66.3

-1251.4 -1023.6 -80.5 -147.3

-409.1 -340.9 -78.3 10.1

4 5 6 7

8

Net change in assets

120.0

179.4

0.2

211.5

276.5

-397.9

433.0

-309.0

485.5

-2201.3

-533.8

8

9 10

Household sector Rest of the world

62.7 0.0

103.0 0.0

-3.0 0.0

80.4 0.0

210.8 0.0

-123.8 0.0

472.4 0.0

30.2 0.0

25.9 0.0

-1023.6 0.0

-340.9 0.0

9 10

11 12

Commercial banking Brokers and dealers

23.0 34.3

-5.1 81.5

34.8 -31.6

71.5 59.7

32.3 33.4

-113.5 -160.7

-198.6 159.2

-43.8 -295.4

16.2 443.4

-227.8 -949.9

-68.2 -124.7

11 12


52

Z.1, June 11, 2009

F.225 Life Insurance and Pension Fund Reserves Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

Life insurance reserves: 1 2 3 4

Net change in liabilities Federal government Life insurance companies Net change in assets (Households)

66.8

33.1

16.1

65.6

34.2

67.0

36.2

52.9

83.0

96.0

28.5

1

1.1 65.7

1.1 32.0

1.1 14.9

1.5 64.1

1.2 33.0

1.0 66.0

-0.3 36.5

2.0 51.0

-0.4 83.4

2.8 93.2

-0.2 28.7

2 3

66.8

33.1

16.1

65.6

34.2

67.0

36.2

52.9

83.0

96.0

28.5

4

281.6

298.1

231.2

212.7

148.2

85.4

18.4

71.6

62.0

189.7

44.6

5

144.2 49.3 39.9 48.2

200.4 19.2 23.8 54.7

159.3 11.8 5.4 54.7

107.9 -6.4 60.9 50.4

119.1 -17.7 -1.0 47.8

74.9 -61.2 -7.2 78.9

85.7 -66.5 -43.4 42.6

65.4 -81.3 27.3 60.3

92.9 -72.4 -29.0 70.5

55.8 -24.4 16.2 142.1

86.5 -43.7 -12.6 14.5

6 7 8 9

281.6

298.1

231.2

212.7

148.2

85.4

18.4

71.6

62.0

189.7

44.6

10

Pension fund reserves: 5 6 7 8 9 10

Net change in liabilities Life insurance companies Private pension funds (1) State and local govt. retirement funds Federal government retirement funds (2) Net change in assets (Households) (3)

(1) Includes unallocated insurance company contracts beginning 1985:Q4. (2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds. (3) Excludes all individual retirement accounts (IRAs) (table F.225.i), except those at life insurance companies.

F.226 Taxes Payable by Businesses Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

Net change in taxes payable by all businesses

-0.3

25.1

13.6

30.0

6.8

-37.4

0.3

-45.9

-14.5

-89.5

2.8

1

2 3

Nonfinancial corporate business Nonfarm noncorporate business

-11.7 -0.5

6.8 8.4

5.1 8.7

-0.3 9.0

1.3 7.5

0.6 2.8

4.5 5.0

-4.9 3.0

0.0 3.0

3.0 0.1

2.3 -3.3

2 3

4 5

U.S.-chartered commercial banks Savings institutions

2.9 0.4

3.2 1.0

3.4 0.1

3.7 -0.4

4.0 -2.0

4.2 -0.3

4.1 1.1

4.2 -2.3

4.3 0.1

4.3 -0.2

4.4 1.4

4 5

6 7

Property-casualty insurance companies Life insurance companies

4.7 1.9

0.5 3.1

-3.1 -2.6

11.0 4.0

-2.4 -3.4

-28.1 -19.7

-4.2 -12.4

-35.8 -15.1

1.1 -25.4

-73.6 -25.8

-16.9 10.2

6 7

8 9

Finance companies Brokers and dealers

1.6 0.4

1.8 0.4

2.0 -0.1

2.3 0.7

2.5 -0.6

2.7 0.3

2.6 -0.6

2.7 2.3

2.8 -0.3

2.8 -0.2

2.9 1.8

8 9

41.6

48.7

67.2

34.6

19.1

32.1

51.4

17.0

61.5

-1.5

74.3

10

7.7 33.9

26.1 22.6

41.4 25.8

48.0 -13.4

48.4 -29.4

32.2 -0.1

39.6 11.8

39.1 -22.1

36.9 24.6

13.3 -14.8

17.4 56.9

11 12

-41.9

-23.6

-53.6

-4.6

-12.3

-69.5

-51.1

-62.9

-76.0

-88.1

-71.6

13

10 11 12 13

Net change in business taxes receivable State and local governments Federal government Discrepancy

F.227 Proprietors’ Equity in Noncorporate Business Billions of dollars; quarterly figures are seasonally adjusted annual rates 1 2 3 4

Total household investment Nonfarm noncorporate business Farm business Brokers and dealers

30.9

50.9

-70.9

7.1

1.4

35.7

1.7

28.9

39.2

72.9

45.3

1

22.9 11.5 -3.4

43.4 11.6 -4.2

-70.3 0.6 -1.2

8.4 5.5 -6.8

2.0 -0.7 0.2

15.1 3.9 16.7

-22.4 8.6 15.5

24.8 2.1 1.9

17.6 1.6 20.0

40.4 3.1 29.4

39.7 -0.9 6.4

2 3 4


53

Z.1, June 11, 2009

F.228 Total Miscellaneous Financial Claims Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

1

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

441.1

1628.1

1309.9

1910.7

2360.6

2182.3

3035.6

1743.5

1988.1

1961.7

280.4

1

2 3 4

Household sector Nonfinancial corporate business Nonfarm noncorporate business

0.9 34.0 23.0

1.6 427.8 68.9

1.0 787.2 142.8

0.5 863.7 144.8

1.0 1099.2 91.2

3.2 683.9 25.7

5.2 785.5 63.4

1.6 716.0 23.7

-0.8 647.7 34.7

6.7 586.3 -18.9

-2.0 645.6 -60.2

2 3 4

5 6

Federal government Rest of the world

40.3 85.6

59.2 543.8

62.8 42.1

62.1 434.2

78.2 445.1

111.7 648.6

52.6 471.9

103.5 250.8

105.4 1312.0

185.5 559.6

3.7 -122.6

5 6

7 8 9 10

Monetary authority Commercial banking Savings institutions Credit unions

0.2 94.7 -36.1 1.7

4.2 291.3 30.5 1.9

2.8 60.3 27.3 2.6

3.2 118.6 19.7 -2.7

2.5 286.2 22.2 -5.6

2.1 282.8 -31.4 1.1

12.8 24.6 -56.3 24.2

-13.7 189.8 -21.3 -22.1

-4.0 -326.8 -155.6 -14.5

13.5 1243.6 107.6 16.8

34.8 -599.0 -6.4 57.7

7 8 9 10

11 12

Property-casualty insurance companies Life insurance companies

49.6 19.3

43.0 6.7

52.2 9.8

40.2 43.8

14.4 66.0

43.0 30.1

31.1 200.6

78.7 45.7

73.1 -262.7

-10.9 136.8

7.1 88.8

11 12

13 14

Government-sponsored enterprises Finance companies

-23.3 127.1

-4.1 53.2

2.8 28.0

9.6 11.4

12.2 -10.9

-19.0 8.6

63.1 99.5

-26.3 2.6

-94.0 57.9

-18.9 -125.5

141.3 46.6

13 14

15 16 17

REITs Brokers and dealers Funding corporations

1.5 38.8 -16.1

8.1 70.8 21.1

4.3 26.2 57.7

7.8 100.2 53.6

3.4 39.1 216.5

-3.6 -124.0 519.5

-1.8 -68.5 1327.7

-6.5 151.5 269.6

7.9 201.8 406.1

-14.0 -780.9 74.5

-43.3 -90.5 178.5

15 16 17

404.0

1580.5

1307.8

2257.7

2205.9

1797.9

3023.2

1492.8

1216.7

1459.0

128.3

18

18

Net change in liabilities

2004

Net change in assets

19 20 21 22

Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business

55.0 -10.0 50.5 1.3

52.4 555.2 234.9 2.0

52.8 450.0 256.0 1.3

40.1 727.6 378.9 4.1

67.8 881.9 281.7 3.4

77.6 653.9 102.7 2.3

97.4 790.9 187.5 2.3

67.7 663.7 110.3 2.3

108.8 660.3 109.7 2.3

36.3 500.6 3.4 2.3

25.1 576.9 -121.7 0.1

19 20 21 22

23 24 25

State and local governments Federal government Rest of the world

-12.0 1.4 -81.3

-5.2 0.6 219.0

-35.6 -1.4 167.8

-30.2 1.0 582.2

16.4 1.0 491.5

12.6 21.1 206.2

20.7 -2.2 599.0

-13.6 6.7 40.9

-14.4 71.8 639.1

57.7 8.2 -454.3

16.3 -8.6 600.3

23 24 25

26 27 28 29

Monetary authority Commercial banking Savings institutions Credit unions

1.3 142.2 -5.2 -4.1

1.5 162.4 88.6 -1.8

-3.2 68.7 -58.8 -0.3

0.1 54.0 15.4 0.8

25.8 134.2 3.4 11.0

530.2 695.8 -26.9 8.4

-4.4 827.9 24.4 -0.6

160.0 630.0 -47.8 9.6

893.3 82.1 -48.5 14.5

1071.8 1243.2 -35.7 9.9

-954.6 -49.5 35.6 31.7

26 27 28 29

30 31 32 33 34

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

2.3 27.9 -20.9 0.9 24.7

8.4 51.9 -34.7 4.6 40.9

8.2 31.7 -27.6 -0.6 40.0

0.2 -6.0 -6.0 1.0 35.8

2.9 -23.8 57.0 -0.1 33.3

11.0 0.6 46.8 -0.0 63.3

18.8 47.8 57.1 0.5 29.0

13.0 -40.5 49.1 0.0 45.3

13.0 -126.5 -4.7 -0.9 55.3

-0.8 121.6 85.8 0.3 123.7

-1.2 151.8 28.1 -0.4 0.9

30 31 32 33 34

35 36 37

Money market mutual funds Mutual funds Government-sponsored enterprises

-0.2 1.0 18.5

-2.9 5.1 4.5

-10.0 3.7 4.0

15.9 3.3 -3.2

31.8 2.8 27.0

-43.1 3.2 -13.1

-60.7 13.3 -68.3

-97.2 -11.2 94.1

-56.2 6.5 -179.6

41.8 4.2 101.6

29.3 0.0 -71.5

35 36 37

38 39 40 41

Finance companies REITs Brokers and dealers Funding corporations

39.5 4.3 156.6 10.6

-26.1 11.1 148.6 59.6

52.2 11.6 217.7 79.7

-30.2 7.8 425.1 40.3

1.7 -4.4 47.3 112.4

11.8 -0.7 -615.1 49.3

52.8 7.4 401.1 -18.7

22.0 10.0 -238.5 16.8

-16.0 6.4 -897.0 -102.6

-11.5 -26.4 -1726.0 301.4

73.0 19.8 -329.3 76.2

38 39 40 41

37.1

47.6

2.0

-347.0

154.7

384.3

12.5

250.7

771.4

502.7

152.0

42

42

Discrepancy


54

Z.1, June 11, 2009

F.229 Identified Miscellaneous Financial Claims - Part I Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

U.S. direct investment abroad (1): 1 2 3 4 5 6 7 8 9 10

Liab.: Rest of the world Equity Reinvested earnings Intercompany accounts

149.6 35.5 120.7 -6.6

316.2 133.3 162.9 20.0

36.2 61.9 -10.3 -15.4

241.2 32.3 231.6 -22.6

333.3 88.0 263.3 -18.0

317.8 81.4 246.2 -9.8

373.3 88.0 242.0 43.2

347.4 34.5 278.0 34.8

209.4 50.7 246.8 -88.0

341.3 152.4 218.0 -29.1

311.6 131.7 211.6 -31.8

1 2 3 4

Asset: Nonfinancial corporate business Commercial banking Property-casualty insurance companies Life insurance companies Finance companies Brokers and dealers

122.6 6.4 2.3 3.1 13.0 2.1

270.2 7.1 8.4 4.8 24.4 1.3

21.3 0.7 8.2 3.8 -1.4 3.6

217.9 2.4 0.2 1.9 14.6 4.3

264.3 11.5 2.9 6.8 41.7 6.0

250.3 14.3 11.0 6.8 25.0 10.3

294.9 2.4 18.8 5.9 43.0 8.2

302.7 3.7 13.0 9.6 11.8 6.5

158.9 10.5 13.0 6.3 13.7 7.1

244.9 40.5 -0.8 5.5 31.6 19.5

229.2 42.3 -1.2 4.5 19.1 17.8

5 6 7 8 9 10

40.2 -0.4 4.2 3.0 -5.2 18.8 2.9 0.2

95.7 0.1 17.9 -4.8 20.8 13.0 3.1 0.3

98.7 0.1 9.4 -0.1 0.4 6.3 -2.6 0.6

188.1 0.2 15.3 23.6 14.9 1.9 -2.7 0.6

239.0 2.1 -9.9 -4.3 2.4 5.3 1.8 1.2

230.7 0.0 23.5 17.6 5.2 44.3 2.4 1.5

234.6 0.9 33.6 1.7 7.7 43.9 2.4 1.3

314.4 -0.7 26.6 37.0 6.9 35.8 2.4 0.7

119.6 0.5 28.4 13.0 2.1 63.2 2.4 0.0

254.0 -0.5 5.2 18.8 4.2 34.4 2.4 4.0

227.8 -0.1 6.9 13.2 -0.0 16.8 2.4 2.8

11 12 13 14 15 16 17 18

63.8 93.4 14.3 -44.0

146.0 92.9 49.5 3.5

112.6 70.7 41.7 0.2

242.0 117.8 68.8 55.3

237.5 147.4 68.5 21.6

325.3 233.6 42.2 49.4

326.1 182.8 35.9 107.4

423.2 169.6 89.2 164.4

229.3 201.1 73.5 -45.4

322.5 380.9 -29.7 -28.7

269.8 333.1 -20.6 -42.7

19 20 21 22

1.4 1.4

2.0 2.0

1.3 1.3

2.0 2.0

1.7 1.7

1.4 1.4

0.4 0.4

4.3 4.3

0.5 0.5

0.3 0.3

-1.0 -1.0

23 24

0.5 0.5

3.1 3.1

1.6 1.6

1.8 1.8

3.1 3.1

2.6 2.6

4.4 4.4

1.3 1.3

1.8 1.8

3.1 3.1

5.9 5.9

25 26

Foreign direct investment in U.S. (1): 11 12 13 14 15 16 17 18

Liab.: Nonfinancial corporate business Nonfarm noncorporate business Commercial banking Property-casualty insurance companies Life insurance companies Finance companies Brokers and dealers Funding corporations

19 20 21 22

Asset: Rest of the world Equity Reinvested earnings Intercompany accounts Federal government equity in IBRD, etc.:

23 24

Liab.: Rest of the world Asset: Federal government Federal Reserve Bank stock:

25 26

Liab.: Monetary authority Asset: Commercial banking Equity in govt.-sponsored enterprises:

27

Liab.: Government-sponsored enterprises

3.2

2.5

1.9

0.2

9.1

-0.1

9.8

3.1

3.0

-16.2

-8.7

27

28 29 30 31 32 33 34 35

Asset: Nonfin. corporate business (Fannie Mae) Nonfarm noncorporate (BC) Farm business (FICB and FLB) Federal government Commercial banks (FHLB) Savings institutions (FHLB) Credit unions (FHLB) Life insurance companies (FHLB)

0.0 0.3 0.4 0.0 1.2 0.4 0.2 0.7

0.0 -0.1 0.2 0.0 0.6 1.0 0.2 0.6

0.0 -0.1 0.1 0.0 0.8 1.1 0.1 -0.1

0.0 0.1 0.2 0.0 2.7 -2.9 0.2 0.0

0.0 0.3 0.5 0.0 3.8 3.3 0.6 0.6

0.0 0.3 0.3 0.0 2.1 -4.8 0.6 1.4

0.0 0.2 0.4 0.0 7.7 1.3 -0.4 0.7

0.0 0.2 0.2 0.0 0.8 -0.1 1.2 0.8

0.0 0.6 0.7 0.0 9.2 -11.0 1.6 2.0

0.0 0.3 -0.0 0.0 -9.2 -9.3 0.0 2.0

0.0 0.3 0.2 0.0 -16.0 7.5 -1.3 0.6

28 29 30 31 32 33 34 35

BHC investment in subsidiaries: 36 37 38 39

Liab.: Commercial banking Savings institutions Finance companies Brokers and dealers

50.5 1.0 20.8 23.9

167.2 1.2 52.3 22.8

40.0 1.3 -38.9 80.3

110.0 1.4 3.2 41.6

126.1 1.6 41.5 -106.0

48.2 1.7 -5.9 81.0

101.5 1.7 21.6 12.7

-39.8 1.7 -26.1 148.9

34.9 1.7 20.7 59.7

96.3 1.8 -39.8 102.5

8.8 1.8 -29.8 -103.6

36 37 38 39

40

Asset: Bank holding companies

96.2

243.5

82.7

156.2

63.1

125.0

137.5

84.6

117.1

160.8

-122.7

40

2.6 2.6

2.6 2.6

64.4 64.4

22.9 22.9

-54.8 -54.8

-2.0 -2.0

7.3 7.3

-8.9 -8.9

7.0 7.0

-13.5 -13.5

-10.1 -10.1

41 42

7.4 3.2

33.0 26.5

21.0 58.7

8.6 31.8

43.7 68.8

35.6 13.6

-2.3 -16.4

-12.6 29.4

-178.7 76.1

336.1 -34.7

-29.2 105.4

43 44

10.6

59.6

79.7

40.3

112.4

49.3

-18.7

16.8

-102.6

301.4

76.2

45

NFC investment in finance company subs.: 41 42

Liab.: Finance companies Asset: Nonfinancial corporate business Funding corp. investment in subs.:

43 44

Liab.: Foreign banking offices in U.S. Brokers and dealers

45

Asset: Funding corporations

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts-are not available before 1982.


55

Z.1, June 11, 2009

F.230 Identified Miscellaneous Financial Claims - Part II Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

Q2

Q3

Q4

2009 Q1

Nonofficial foreign currencies: 1 2 3

Liab.: Rest of the world Asset: Federal government Monetary authority (1)

0.2 0.2 0.0

-0.0 -0.0 0.0

-2.2 -2.2 0.0

-0.0 -0.0 0.0

23.9 -0.1 24.0

529.7 -0.0 529.7

-11.8 0.2 -12.0

163.9 -0.1 164.0

904.9 -0.2 905.1

1061.8 -0.0 1061.9

-975.3 -0.0 -975.2

1 2 3

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

0.0 0.0

4 5

-7.1 -7.1

-2.1 -2.1

0.8 0.8

-0.2 -0.2

1.9 1.9

-5.4 -5.4

23.2 23.2

-26.2 -26.2

27.9 27.9

-46.4 -46.4

14.0 14.0

6 7

0.9 0.9

1.6 1.6

1.0 1.0

0.5 0.5

1.0 1.0

3.2 3.2

5.2 5.2

1.6 1.6

-0.8 -0.8

6.7 6.7

-2.0 -2.0

8 9

Postal Savings System deposits: 4 5

Liab.: Federal government Asset: Household sector Deposits at Federal Home Loan Banks:

6 7

Liab.: Government-sponsored enterprises Asset: Savings institutions Deferred and unpaid life insurance premiums:

8 9

Liab.: Household sector Asset: Life insurance companies Life insurance company reserves:

10 11 12 13

Liab.: Life insurance companies Health Policy dividend accumulation Policy and contract claims

13.9 10.9 -0.0 3.0

11.4 9.8 1.2 0.5

9.5 7.9 1.0 0.6

14.8 11.5 0.8 2.5

15.5 13.5 0.2 1.8

17.6 19.5 -3.4 1.5

42.7 33.6 1.9 7.2

4.5 1.3 2.1 1.0

15.6 13.5 0.1 2.0

7.6 29.4 -17.6 -4.2

2.6 14.4 -5.3 -6.5

10 11 12 13

14

Asset: Household sector

13.9

11.4

9.5

14.8

15.5

17.6

42.7

4.5

15.6

7.6

2.6

14

Policy payables: 15

Liab.: Property-casualty insurance companies

46.6

47.9

52.3

16.6

18.7

25.4

29.4

41.7

60.2

-29.7

-6.1

15

16 17 18 19

Asset: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business

22.9 18.4 4.4 0.9

23.6 18.9 3.5 1.8

25.6 20.7 4.9 1.2

4.6 6.6 1.6 3.9

6.7 7.4 1.7 2.9

11.4 9.9 2.1 2.0

13.1 11.6 2.7 2.0

19.1 17.7 2.8 2.1

29.1 23.8 5.6 1.7

-15.7 -13.6 -2.8 2.4

-3.0 -2.4 -0.6 -0.1

16 17 18 19

-18.1 -18.1

-35.2 -35.2

-18.6 -18.6

-8.8 -8.8

25.8 25.8

28.8 28.8

36.5 36.5

44.8 44.8

-7.7 -7.7

41.4 41.4

-2.7 -2.7

20 21

-0.2 -0.2

-3.1 -3.1

-1.9 -1.9

-2.0 -2.0

4.4 4.4

0.7 0.7

1.8 1.8

1.9 1.9

-0.9 -0.9

0.1 0.1

0.1 0.1

22 23

102.6 102.6

86.9 86.9

174.9 174.9

302.6 302.6

-2.1 -2.1

-353.2 -353.2

515.4 515.4

-37.7 -37.7

-891.2 -891.2

-999.4 -999.4

-369.2 -369.2

24 25

24.7 24.7

40.9 40.9

40.0 40.0

35.8 35.8

33.3 33.3

63.3 63.3

29.0 29.0

45.3 45.3

55.3 55.3

123.7 123.7

0.9 0.9

26 27

18.2 18.2

17.3 17.3

17.7 17.7

20.8 20.8

45.5 45.5

48.6 48.6

41.7 41.7

44.2 44.2

64.1 64.1

44.4 44.4

25.5 25.5

28 29

Unallocated insurance company contracts: 20 21

Liab.: Life insurance companies Asset: Private pension funds Pension fund contributions payable:

22 23

Liab.: Nonfinancial corporate business Asset: Private pension funds Securities borrowed (net):

24 25

Liab.: Funding corporations Asset: Brokers and dealers Nonmarketable government securities:

26 27

Liab.: Federal government Asset: Federal government retirement funds Retiree Health Care Funds (2):

28 29

Liab.: Federal government Asset: Household sector

(1) Reciprocal currency arrangements (swap lines) with foreign central banks. (2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.


56

Z.1, June 11, 2009

F.231 Unidentified Miscellaneous Financial Claims Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

Net change in liabilities

Q2

Q3

Q4

2009 Q1

-68.4

687.2

655.9

824.1

1487.1

1004.5

1482.5

587.9

1295.4

652.0

1071.4

1

-6.1 23.4

335.2 68.8

690.4 142.7

677.5 144.6

855.7 89.1

452.5 25.7

549.1 62.5

399.7 24.5

529.0 34.2

332.2 -18.3

417.7 -60.1

2 3

Federal government Rest of the world Monetary authority

-2.6 -65.6 -0.3

1.0 225.6 1.2

5.0 6.8 1.1

5.6 191.0 1.4

-0.6 86.2 -0.7

-0.2 -200.3 -0.5

-18.1 110.1 8.4

14.0 -264.8 -15.0

-13.9 197.2 -5.8

17.4 -843.8 10.5

-22.7 542.1 28.9

4 5 6

7 8 9 10 11

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas

32.6 51.5 -44.9 22.6 3.4

73.1 84.4 -170.1 148.0 10.8

-10.1 -46.8 24.2 12.8 -0.3

-15.3 43.3 -132.8 78.7 -4.4

126.4 24.0 111.0 -4.8 -3.9

175.4 -137.0 492.4 -175.7 -4.2

-108.3 -326.7 344.6 -130.1 4.0

215.6 111.0 207.8 -104.6 1.4

-211.5 -417.3 422.8 -202.8 -14.3

806.0 85.0 994.3 -265.5 -7.9

-585.6 -323.9 -103.3 -160.4 2.0

7 8 9 10 11

12 13 14 15

Savings institutions Credit unions Life insurance companies Government-sponsored enterprises

-37.1 1.7 28.6 -19.4

29.4 1.9 9.7 -4.5

26.0 2.6 18.6 0.2

18.3 -2.7 22.9 9.7

20.6 -5.6 22.3 1.2

-33.1 1.1 -21.5 -13.5

-57.9 24.2 113.7 30.1

-23.0 -22.1 -10.5 -3.2

-157.3 -14.5 -272.7 -124.9

105.8 16.8 83.6 43.8

-8.2 57.7 88.9 136.1

12 13 14 15

16 17 18 19

Finance companies REITs Brokers and dealers Funding corporations

85.0 1.5 8.8 -118.9

-14.7 8.1 18.4 -66.0

-3.8 4.3 -110.2 -117.8

-16.7 7.8 29.6 -249.6

-2.8 3.4 74.5 217.3

-27.8 -3.6 -221.0 871.2

26.7 -1.8 -67.3 811.0

1.8 -6.5 -29.2 306.6

-33.1 7.9 63.5 1297.3

-106.6 -14.0 -851.1 1069.9

69.6 -43.3 -94.7 545.0

16 17 18 19

-105.5

639.6

653.8

1171.0

1332.4

620.1

1470.0

337.2

524.0

149.3

919.4

20

2 3

Nonfinancial corporate business Nonfarm noncorporate business

4 5 6

20

Net change in assets

21 22 23

Nonfinancial corporate business Nonfarm noncorporate business State and local governments

-153.6 45.8 -12.0

263.4 231.4 -5.2

343.6 251.2 -35.6

480.2 377.2 -30.2

665.0 279.7 16.4

395.6 100.3 12.6

477.0 184.6 20.7

352.1 107.4 -13.6

470.6 103.5 -14.4

282.8 5.8 57.7

360.3 -121.4 16.3

21 22 23

24 25 26

Federal government Rest of the world Monetary authority

-0.2 -145.0 1.3

-1.4 73.1 1.5

-0.5 55.2 -3.2

-1.0 340.2 0.1

-0.6 254.0 1.8

19.8 -119.1 0.4

-2.8 272.9 7.6

2.5 -382.3 -4.0

71.4 409.8 -11.8

7.9 -776.8 10.0

-7.5 330.5 20.7

24 25 26

27 28 29 30 31

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas

37.9 40.4 -22.8 22.4 -2.2

-91.8 -0.7 -124.5 32.4 0.9

-17.2 3.7 -37.3 16.2 0.1

-109.1 5.1 -150.4 35.6 0.6

52.6 5.9 11.4 31.7 3.6

551.8 111.9 347.4 94.5 -2.0

675.9 103.6 499.0 72.4 0.9

539.5 214.2 50.6 272.3 2.4

-56.4 -93.3 236.0 -194.8 -4.3

1048.1 222.9 603.9 228.2 -6.9

40.9 -267.5 -44.0 353.0 -0.5

27 28 29 30 31

32 33

Savings institutions Credit unions

1.5 -4.3

89.7 -2.1

-60.6 -0.5

18.5 0.6

-1.8 10.4

-16.7 7.8

-0.1 -0.2

-21.5 8.4

-65.3 12.9

20.0 9.9

14.1 33.0

32 33

34 35 36

Life insurance companies Private pension funds State and local govt. retirement funds

23.3 -2.7 0.9

45.0 3.6 4.6

27.1 -7.1 -0.6

-8.3 4.8 1.0

-32.3 26.8 -0.1

-10.8 17.4 -0.0

36.0 18.8 0.5

-52.5 2.5 0.0

-133.9 3.9 -0.9

107.4 44.4 0.3

148.8 30.7 -0.4

34 35 36

37 38 39

Money market mutual funds Mutual funds Government-sponsored enterprises

-0.2 1.0 18.5

-2.9 5.1 4.5

-10.0 3.7 4.0

15.9 3.3 -3.2

31.8 2.8 27.0

-43.1 3.2 -13.1

-60.7 13.3 -68.3

-97.2 -11.2 94.1

-56.2 6.5 -179.6

41.8 4.2 101.6

29.3 0.0 -71.5

37 38 39

40 41 42

Finance companies REITs Brokers and dealers

26.4 4.3 51.9

-50.5 11.1 60.5

53.5 11.6 39.3

-44.9 7.8 118.2

-40.0 -4.4 43.3

-13.2 -0.7 -272.2

9.7 7.4 -122.5

10.1 10.0 -207.3

-29.7 6.4 -12.9

-43.1 -26.4 -746.2

53.9 19.8 22.1

40 41 42

37.1

47.6

2.0

-347.0

154.7

384.3

12.5

250.7

771.4

502.7

152.0

43

43

Discrepancy


57

Z.1, June 11, 2009

F.11 Sector Discrepancies Billions of dollars; quarterly figures are seasonally adjusted annual rates 2003

2004

2005

2006

2007

2008

2008 Q1

1

All sectors

Q2

Q3

Q4

2009 Q1

-45.9

-6.5

78.4

241.0

12.8

-370.2

-766.1

-795.9

-484.0

565.3

-468.5

1

2 3

Household sector Nonfinancial corporate business

-57.1 12.1

-196.9 -71.3

14.3 146.5

120.3 150.0

-304.0 167.3

-692.5 -4.1

-609.4 56.1

-1115.0 46.9

-557.5 -21.8

-488.0 -97.6

85.1 -92.7

2 3

4 5 6

State and local governments Federal government Rest of the world

-43.9 61.4 -13.9

-58.7 19.2 96.5

-68.3 30.6 18.2

-60.2 19.3 -59.7

-48.5 46.6 -52.1

-95.2 91.9 126.7

-43.1 67.1 -51.2

-76.4 -120.6 245.3

-102.0 158.8 112.7

-159.4 262.1 200.0

-70.6 158.0 233.7

4 5 6

7

Financial sectors

-4.5

204.7

-62.9

71.2

203.4

203.1

-185.8

224.0

-74.2

848.2

-782.0

7

8 9

Monetary authority Commercial banking

-3.4 19.1

-2.3 224.0

3.2 -14.3

0.9 22.5

-1.7 83.6

-2.1 -69.6

-11.5 -338.3

3.2 1.7

-1.6 -348.8

1.5 407.0

-10.3 -454.1

8 9

10 11

Savings institutions Credit unions

-1.2 1.8

-15.3 1.9

-6.0 2.6

-4.8 1.6

13.0 2.1

38.0 2.3

11.5 -0.4

31.3 6.6

88.7 1.7

20.4 1.4

-69.6 29.7

10 11

12 13

Property-casualty insurance companies Life insurance companies

-6.1 -38.4

-16.7 -35.7

-15.5 -13.7

26.9 -2.9

15.3 -18.9

15.4 11.8

3.8 -28.3

90.6 15.1

63.4 14.4

-96.0 45.9

-4.7 -23.9

12 13

14 15

Mutual funds Government-sponsored enterprises

2.5 -13.1

3.2 -5.2

20.5 -10.0

4.0 -3.8

10.1 22.3

3.0 70.5

5.8 13.8

4.7 -17.0

3.2 59.3

-1.5 225.8

2.8 -194.3

14 15

16 17 18 19

Issuers of asset-backed securities Finance companies REITs Brokers and dealers

0.0 52.2 -1.5 -16.5

0.0 47.1 0.5 3.2

0.0 -17.4 -13.9 1.5

0.0 47.2 -0.2 -20.0

0.0 30.9 -7.5 54.3

0.0 13.1 -25.5 146.2

0.0 44.2 -38.4 151.9

0.0 36.1 -46.2 97.9

0.0 -0.6 -32.2 78.5

0.0 -27.5 14.7 256.5

0.0 -45.3 -82.1 69.9

16 17 18 19

F.12 Instrument Discrepancies Billions of dollars; quarterly figures are seasonally adjusted annual rates 1

All types

-45.9

-6.5

78.4

241.0

12.8

-370.2

-766.1

-795.9

-484.0

565.3

-468.5

1

-0.3 52.8

-0.3 61.9

0.7 15.3

-1.1 104.6

0.2 159.1

-0.8 -255.5

-0.9 -411.0

-0.5 -336.0

-1.2 -239.9

-0.8 -34.9

-14.4 88.8

2 3

-4.3 -39.7

14.9 -141.0

-3.7 89.8

-1.9 199.5

1.7 -334.4

51.8 -275.0

3.7 -194.9

-26.3 -449.6

-60.9 -647.4

290.7 191.9

74.8 -702.2

4 5

-8.9 -0.0

27.9 -0.8

-6.6 -0.9

-3.0 -0.5

1.2 -1.0

-3.3 2.3

19.6 12.6

-9.2 -7.2

-1.0 6.4

-22.4 -2.5

19.6 1.4

6 7

2 3

Treasury currency Foreign deposits

4 5

Net interbank transactions Security RPs

6 7

Mail floats: Federal government Other

8 9

Trade credit Taxes payable

23.0 -41.9

11.0 -23.6

-30.8 -53.6

133.1 -4.6

-44.0 -12.3

-66.4 -69.5

-93.2 -51.1

-18.3 -62.9

-85.1 -76.0

-69.2 -88.1

107.9 -71.6

8 9

10

Miscellaneous

37.1

47.6

2.0

-347.0

154.7

384.3

12.5

250.7

771.4

502.7

152.0

10

11

Nonfinancial

-63.8

-4.2

66.2

161.8

87.7

-138.1

-63.4

-136.6

-150.2

-202.2

-124.8

11

48.8 15.0

19.2 -15.0

-71.2 5.0

-163.0 1.3

-81.4 -6.3

138.1 0.0

63.4 0.0

136.6 0.0

150.2 0.0

202.2 0.0

124.8 0.0

12 13

12 13

Nonfinancial components (sign reversed): Statistical discrepancy (NIPA) Private wage accruals less disbursements


58

Z.1, June 11, 2009

L.1 Credit Market Debt Outstanding (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5 6 7 8

Total credit market debt owed by: Domestic nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

31838.7

34618.9

37799.9

41252.3

45319.6

49915.8

50665.7

51126.7

51945.7

52532.1

52903.9

1

20727.8

22438.3

24441.2

26760.4

29162.1

31707.1

32176.3

32359.3

33035.7

33580.3

33995.1

2

8511.8 4854.7 2107.1 169.7 1447.5 3637.0

9499.3 4971.7 2198.7 168.0 1567.6 4033.1

10572.0 5173.4 2443.8 174.1 1683.0 4395.0

11738.0 5503.5 2775.4 186.9 1854.7 4701.9

12923.5 5965.7 3184.1 197.7 2005.9 4885.3

13778.4 6809.3 3591.2 214.0 2191.8 5122.3

13832.6 6920.3 3669.7 217.2 2214.0 5322.6

13857.4 7060.7 3715.8 226.3 2225.0 5274.1

13907.3 7122.1 3754.3 223.8 2227.6 5800.6

13832.9 7167.0 3761.4 225.3 2232.2 6361.5

13748.5 7217.1 3718.0 222.1 2262.5 6826.9

3 4 5 6 7 8

9

Rest of the world

1072.8

1253.3

1438.8

1513.9

1882.6

2017.3

2081.2

2100.9

1968.5

1864.9

1894.1

9

10

Financial sectors

10038.1

10927.3

11919.9

12978.0

14274.9

16191.5

16408.2

16666.6

16941.5

17086.9

17014.7

10

11 12 13 14

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies

611.8 324.8 0.7 286.4

660.4 338.0 0.6 321.8

738.7 356.7 0.7 381.3

823.9 393.6 0.8 429.5

998.0 497.8 0.5 499.7

1261.2 629.6 0.5 631.1

1312.9 647.2 0.4 665.4

1394.2 655.9 0.3 737.9

1460.5 785.9 0.0 674.6

1422.0 708.6 0.0 713.3

1724.9 626.2 0.0 1098.8

11 12 13 14

15 16

Savings institutions Credit unions

278.1 6.9

313.4 9.1

404.8 11.4

427.3 14.7

319.1 18.9

423.3 32.3

436.9 28.5

431.5 35.4

378.1 43.5

357.4 40.6

326.2 30.3

15 16

17 18 19 20

Life insurance companies Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

5.1 2350.4 3158.6 1982.6

8.0 2601.3 3326.7 2217.4

11.1 2676.3 3374.6 2656.0

11.5 2592.2 3541.9 3380.3

14.2 2627.8 3837.3 4187.5

28.7 2910.2 4463.5 4520.2

31.1 2940.2 4601.4 4454.4

33.4 3104.0 4759.5 4344.6

42.9 3154.8 4891.9 4243.3

54.9 3184.5 4960.8 4097.7

52.5 3118.9 5041.8 3940.0

17 18 19 20

21 22 23 24

Finance companies REITs Brokers and dealers Funding corporations

884.2 198.4 40.6 521.2

995.3 230.7 47.0 518.1

1129.6 340.1 62.2 515.1

1108.6 395.5 62.4 619.9

1144.2 411.0 68.8 648.2

1279.6 421.2 64.8 786.4

1301.4 403.8 120.1 777.6

1299.3 398.2 85.9 780.5

1259.1 391.3 276.7 799.3

1198.9 374.7 142.6 1252.9

1146.5 365.5 102.6 1165.6

21 22 23 24

31838.7

34618.9

37799.9

41252.3

45319.6

49915.8

50665.7

51126.7

51945.7

52532.1

52903.9

25

4230.5

4514.0

4943.0

5491.2

5735.7

6074.3

5853.6

5849.2

5908.2

5804.2

6369.0

26

2545.1 269.4 72.4 1067.4 276.2

2774.7 266.2 73.9 1125.6 273.6

3086.2 297.4 85.4 1198.1 275.9

3427.7 339.6 96.8 1352.0 275.0

3559.3 328.0 96.7 1470.6 281.2

3914.9 246.8 113.0 1512.0 287.5

3801.8 158.5 115.8 1484.7 292.9

3807.5 154.8 117.4 1473.2 296.4

3871.5 136.2 119.0 1479.9 301.6

3764.0 142.3 119.1 1413.5 365.4

4263.5 139.7 117.3 1404.7 443.7

27 28 29 30 31

25 26 27 28 29 30 31

Total credit market assets held by: Domestic nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government

32

Rest of the world

3303.0

3836.1

4634.7

5188.3

6198.2

7369.3

7549.5

7776.9

7821.6

7896.4

7931.0

32

33

Financial sectors

24305.2

26268.7

28222.2

30572.7

33385.7

36472.2

37262.6

37500.7

38215.8

38831.4

38603.9

33

34 35 36 37 38 39 40 41

Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions

629.4 5630.8 5019.8 516.9 27.8 66.3 1166.9 465.4

666.7 6010.9 5407.3 490.3 36.4 76.9 1294.2 516.6

717.8 6621.2 5980.7 513.3 36.4 90.8 1417.7 556.4

744.2 7278.4 6487.4 657.8 32.2 101.0 1617.1 592.6

778.9 8040.5 7144.1 761.6 35.6 99.3 1519.2 622.7

740.6 8785.2 7666.8 963.3 58.7 96.4 1584.9 657.9

631.0 8915.4 7750.6 1008.9 59.7 96.3 1599.2 665.0

509.1 8980.8 7816.0 983.1 84.1 97.6 1607.0 684.7

780.9 9401.0 8245.6 983.2 75.0 97.2 1325.9 697.0

986.0 9434.6 8197.9 1069.5 72.6 94.6 1310.3 697.9

1168.1 9304.6 8142.3 998.5 71.5 92.3 1312.1 695.8

34 35 36 37 38 39 40 41

42 43 44 45 46

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

558.3 2307.8 581.7 638.7 57.6

625.2 2488.3 653.5 657.5 63.6

698.8 2661.4 654.6 675.3 68.2

765.8 2765.4 699.9 693.4 76.0

813.5 2806.1 758.5 825.4 84.3

839.8 2888.6 861.3 855.6 96.1

836.6 2917.5 879.4 857.4 106.1

835.0 2931.1 896.1 856.0 108.1

826.4 2914.6 910.8 854.2 115.1

820.8 2926.3 951.4 851.1 120.3

825.6 2948.2 957.7 852.3 124.5

42 43 44 45 46

47 48 49 50 51 52 53

Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

1567.1 1368.4 117.1 3.7 2323.2 3158.6 1893.4

1471.3 1506.4 152.6 4.5 2564.2 3326.7 2119.5

1346.3 1623.0 163.6 8.2 2613.0 3374.6 2548.6

1340.8 1747.1 165.8 15.0 2543.9 3541.9 3276.4

1560.8 1932.0 171.8 20.7 2590.5 3837.3 4075.6

1936.4 2203.1 170.6 33.5 2829.5 4463.5 4405.4

2237.5 2256.7 165.8 37.8 2893.4 4601.4 4333.0

2232.8 2356.6 160.0 43.0 2987.8 4759.5 4236.5

2232.0 2340.9 149.4 49.7 3021.2 4891.9 4145.8

2675.0 2276.4 131.2 54.7 2987.0 4960.8 3999.5

2575.2 2322.4 131.8 66.0 3014.9 5041.8 3851.2

47 48 49 50 51 52 53

54 55 56 57

Finance companies REITs Brokers and dealers Funding corporations

1292.5 70.1 344.4 130.1

1468.7 96.4 424.1 157.8

1675.9 198.7 394.9 203.7

1740.6 239.7 477.2 251.5

1811.6 265.8 583.4 286.9

1828.2 244.7 803.1 244.1

1846.9 224.0 864.3 394.0

1835.1 224.1 691.8 565.5

1816.9 211.3 820.8 710.0

1755.9 183.0 717.4 991.8

1703.1 177.7 604.5 926.2

54 55 56 57

(1) Excludes corporate equities and mutual fund shares.


59

Z.1, June 11, 2009

L.2 Credit Market Debt Owed by Nonfinancial Sectors Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

Domestic By instrument Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Home Multifamily residential Commercial Farm Consumer credit By sector Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Federal government

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

20727.8

22438.3

24441.2

26760.4

29162.1

31707.1

32176.3

32359.3

33035.7

33580.3

33995.1

1

20727.8 119.8 3609.8 27.3 1762.9 2747.9 1129.2 1028.4

22438.3 82.5 4008.2 24.9 1900.5 2900.1 1085.3 1038.6

24441.2 97.8 4370.7 24.3 2031.0 2975.5 1090.5 1096.7

26760.4 90.1 4678.0 23.8 2225.9 3032.2 1225.0 1212.8

29162.1 112.5 4861.7 23.5 2403.3 3247.8 1400.3 1352.2

31707.1 123.8 5099.2 23.1 2618.9 3558.9 1648.9 1674.5

32176.3 140.0 5299.1 23.5 2643.9 3604.2 1712.4 1701.2

32359.3 139.8 5250.6 23.5 2665.5 3692.9 1737.0 1732.8

33035.7 146.5 5777.5 23.1 2671.5 3716.0 1835.0 1737.0

33580.3 131.5 6338.2 23.3 2682.1 3763.5 1844.1 1736.6

33995.1 106.9 6804.4 22.5 2715.8 3906.1 1764.8 1700.9

2 3 4 5 6 7 8 9

8302.7 6437.5 464.2 1305.6 95.4 1999.9

9293.9 7232.1 543.4 1424.3 94.1 2104.4

10535.3 8271.9 593.0 1573.6 96.9 2219.4

11958.7 9384.3 663.8 1809.1 101.5 2313.9

13342.6 10444.6 718.8 2077.7 101.5 2418.3

14407.8 11137.2 820.0 2342.8 107.8 2551.9

14522.3 11199.4 836.6 2377.7 108.6 2529.8

14561.2 11185.3 852.7 2413.7 109.4 2555.9

14537.5 11133.3 871.2 2422.6 110.3 2591.6

14465.1 11036.6 878.2 2439.2 111.1 2595.9

14453.0 11024.3 882.7 2434.2 111.8 2520.6

10 11 12 13 14 15

20727.8 8511.8 7131.5 4854.7 2107.1 169.7 1447.5 3637.0

22438.3 9499.3 7338.4 4971.7 2198.7 168.0 1567.6 4033.1

24441.2 10572.0 7791.2 5173.4 2443.8 174.1 1683.0 4395.0

26760.4 11738.0 8465.8 5503.5 2775.4 186.9 1854.7 4701.9

29162.1 12923.5 9347.5 5965.7 3184.1 197.7 2005.9 4885.3

31707.1 13778.4 10614.5 6809.3 3591.2 214.0 2191.8 5122.3

32176.3 13832.6 10807.2 6920.3 3669.7 217.2 2214.0 5322.6

32359.3 13857.4 11002.8 7060.7 3715.8 226.3 2225.0 5274.1

33035.7 13907.3 11100.3 7122.1 3754.3 223.8 2227.6 5800.6

33580.3 13832.9 11153.7 7167.0 3761.4 225.3 2232.2 6361.5

33995.1 13748.5 11157.2 7217.1 3718.0 222.1 2262.5 6826.9

16 17 18 19 20 21 22 23

24

Foreign credit market debt held in U.S.

1072.8

1253.3

1438.8

1513.9

1882.6

2017.3

2081.2

2100.9

1968.5

1864.9

1894.1

24

25 26 27 28

Commercial paper Bonds Bank loans n.e.c. Other loans and advances

257.2 702.7 68.6 44.3

276.1 868.9 66.1 42.2

345.3 985.0 69.9 38.6

384.0 1011.6 84.4 34.0

482.3 1275.5 98.3 26.6

413.0 1478.1 102.8 23.4

460.3 1486.3 111.7 22.9

470.6 1498.5 109.4 22.4

401.1 1430.7 114.8 21.9

342.0 1393.4 107.9 21.5

344.8 1424.9 103.1 21.3

25 26 27 28

21800.6

23691.6

25880.0

28274.2

31044.8

33724.4

34257.5

34460.2

35004.2

35445.2

35889.2

29

29

Domestic and foreign

L.3 Credit Market Debt Owed by Financial Sectors Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 2 3 4 5 6 7 8 9

By instrument Open market paper GSE issues Agency- and GSE-backed mortgage pool sec. Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages By sector

10 11 12 13

Commercial banks Bank holding companies Savings institutions Credit unions

14 15 16 17

Life insurance companies Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

18 19 20 21

Finance companies REITs Brokers and dealers Funding corporations

10038.1

10927.3

11919.9

12978.0

14274.9

16191.5

16408.2

16666.6

16941.5

17086.9

17014.7

1

997.9 2350.4 3158.6 2801.5 162.3 470.5 97.0

934.4 2601.3 3326.7 3273.7 183.7 501.7 105.9

956.0 2676.3 3374.6 3956.1 249.7 575.8 131.4

1170.2 2592.2 3541.9 4639.5 268.6 620.2 145.5

1363.2 2627.8 3837.3 5447.0 206.2 641.4 152.1

1251.8 2910.2 4463.5 6265.0 277.1 867.1 156.7

1184.3 2940.2 4601.4 6304.6 319.6 896.4 161.8

1138.0 3104.0 4759.5 6274.8 322.5 906.7 161.2

1007.2 3154.8 4891.9 6159.2 562.0 1003.6 162.7

1125.8 3184.5 4960.8 5980.1 770.5 901.8 163.5

972.2 3118.9 5041.8 6272.1 646.7 799.0 164.0

2 3 4 5 6 7 8

10038.1

10927.3

11919.9

12978.0

14274.9

16191.5

16408.2

16666.6

16941.5

17086.9

17014.7

9

325.5 286.4 278.1 6.9

338.6 321.8 313.4 9.1

357.4 381.3 404.8 11.4

394.3 429.5 427.3 14.7

498.3 499.7 319.1 18.9

630.1 631.1 423.3 32.3

647.5 665.4 436.9 28.5

656.2 737.9 431.5 35.4

785.9 674.6 378.1 43.5

708.6 713.3 357.4 40.6

626.2 1098.8 326.2 30.3

10 11 12 13

5.1 2350.4 3158.6 1982.6

8.0 2601.3 3326.7 2217.4

11.1 2676.3 3374.6 2656.0

11.5 2592.2 3541.9 3380.3

14.2 2627.8 3837.3 4187.5

28.7 2910.2 4463.5 4520.2

31.1 2940.2 4601.4 4454.4

33.4 3104.0 4759.5 4344.6

42.9 3154.8 4891.9 4243.3

54.9 3184.5 4960.8 4097.7

52.5 3118.9 5041.8 3940.0

14 15 16 17

884.2 198.4 40.6 521.2

995.3 230.7 47.0 518.1

1129.6 340.1 62.2 515.1

1108.6 395.5 62.4 619.9

1144.2 411.0 68.8 648.2

1279.6 421.2 64.8 786.4

1301.4 403.8 120.1 777.6

1299.3 398.2 85.9 780.5

1259.1 391.3 276.7 799.3

1198.9 374.7 142.6 1252.9

1146.5 365.5 102.6 1165.6

18 19 20 21


60

Z.1, June 11, 2009

L.4 Credit Market Debt, All Sectors, by Instrument Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5 6 7 8 9 10

11 12

Total

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

31838.7

34618.9

37799.9

41252.3

45319.6

49915.8

50665.7

51126.7

51945.7

52532.1

52903.9

1

Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds

1374.9 3609.8 5536.3 1762.9 6252.1

1292.9 4008.2 5952.9 1900.5 7042.7

1399.1 4370.7 6075.2 2031.0 7916.6

1644.2 4678.0 6158.0 2225.9 8683.3

1958.0 4861.7 6488.6 2403.3 9970.2

1788.6 5099.2 7396.9 2618.9 11302.0

1784.6 5299.1 7565.0 2643.9 11395.1

1748.4 5250.6 7887.0 2665.5 11466.2

1554.8 5777.5 8069.9 2671.5 11305.9

1599.3 6338.2 8168.6 2682.1 11137.0

1423.9 6804.4 8183.2 2715.8 11603.1

2 3 4 5 6

Bank loans n.e.c. Other loans and advances Mortgages Consumer credit

1360.0 1543.1 8399.6 1999.9

1335.1 1582.5 9399.8 2104.4

1410.1 1711.1 10666.7 2219.4

1577.9 1866.9 12104.2 2313.9

1704.8 2020.1 13494.6 2418.3

2028.8 2565.1 14564.5 2551.9

2143.7 2620.5 14684.1 2529.8

2168.9 2661.9 14722.4 2555.9

2511.8 2762.5 14700.1 2591.6

2722.5 2659.9 14628.6 2595.9

2514.6 2521.2 14616.9 2520.6

7 8 9 10

12438.3 3638.4

16638.5 4654.2

18947.1 5436.3

20642.7 6048.9

24066.3 7068.3

25218.4 7829.0

22920.3 7336.4

22409.1 7412.3

19845.8 6614.3

15398.2 5435.3

14015.5 5158.8

11 12

Memo: Selected claims not included above: Corporate equities Mutual fund shares

L.5 Total Liabilities and Its Relation to Total Financial Assets Billions of dollars; amounts outstanding end of period, not seasonally adjusted

1

Total credit market debt (from table L.4)

31838.7

34618.9

37799.9

41252.3

45319.6

49915.8

50665.7

51126.7

51945.7

52532.1

52903.9

1

2 3 4 5 6

Official foreign exchange SDR certificates Treasury currency Foreign deposits Net interbank liabilities

55.8 2.2 25.5 831.1 206.0

62.3 2.2 26.0 867.1 193.0

62.2 2.2 26.7 957.0 212.2

45.9 2.2 27.5 997.8 201.3

46.0 2.2 28.1 1085.8 190.0

50.0 2.2 28.7 1302.5 89.2

54.8 2.2 28.5 1208.6 34.7

54.9 2.2 28.4 1116.0 119.2

51.4 2.2 28.1 1044.9 504.1

57.3 2.2 27.9 1011.9 1519.0

54.8 2.2 27.9 990.8 1304.0

2 3 4 5 6

7 8 9 10 11

Checkable deposits and currency Small time and savings deposits Large time deposits Money market fund shares Security RPs

1353.0 3695.9 1171.0 2223.9 1118.3

1437.4 4003.3 1226.8 2016.4 1331.8

1522.8 4284.9 1505.1 1879.8 1417.6

1527.2 4599.3 1789.5 2006.9 1725.2

1507.3 4946.3 2050.8 2312.1 2128.2

1531.3 5226.4 2382.9 3033.1 2138.0

1520.1 5385.5 2461.9 3382.5 2140.6

1532.2 5418.2 2419.4 3318.3 1866.7

1940.1 5536.5 2388.3 3355.3 1634.4

2100.1 5751.1 2192.2 3757.3 1255.3

1968.9 5910.4 2156.4 3738.7 1054.8

7 8 9 10 11

12 13 14 15

Mutual fund shares Security credit Life insurance reserves Pension fund reserves

3638.4 738.8 920.9 8189.4

4654.2 858.8 1013.2 9718.9

5436.3 1038.2 1060.4 10635.5

6048.9 1038.4 1082.6 11373.7

7068.3 1249.9 1163.7 12696.5

7829.0 1526.4 1201.5 13376.4

7336.4 1647.1 1187.2 12574.5

7412.3 1564.9 1196.4 12473.4

6614.3 1685.2 1197.7 11830.9

5435.3 1128.5 1179.8 10442.4

5158.8 1007.6 1169.8 9902.8

12 13 14 15

16 17 18

Trade payables Taxes payable Miscellaneous

2443.0 183.0 11612.8

2465.4 182.7 12179.9

2659.8 207.8 13712.7

3000.2 221.4 14868.4

3191.8 251.3 16079.7

3432.1 258.1 17255.8

3430.4 269.7 18280.5

3430.7 253.8 18519.9

3390.1 254.5 20016.5

3304.1 220.7 21605.8

3245.7 233.4 21201.0

16 17 18

19

Total liabilities

70247.7

76858.2

84420.9

91808.5 101317.6 110579.6 111611.1 111853.4 113420.1 113522.9 112031.9

19

20 21 22

+ Financial assets not included in liabilities: Gold and SDRs Corporate equities Household equity in noncorp. bus.

23.2 12438.3 5037.9

23.7 16638.5 5548.9

24.6 18947.1 6358.8

19.3 20642.7 7795.8

19.9 24066.3 8263.7

20.5 25218.4 8347.2

20.9 22920.3 8210.2

20.9 22409.1 8094.2

20.5 19845.8 7969.0

20.4 15398.2 7464.0

20.1 14015.5 7155.5

20 21 22

23 24 25

- Liabilities not identified as assets: Treasury currency Foreign deposits Net interbank transactions

-9.1 652.5 15.5

-9.5 705.3 12.7

-9.7 767.2 27.3

-9.1 782.5 25.2

-10.1 887.1 23.2

-9.9 1046.2 21.7

-10.2 943.4 15.3

-10.3 859.4 9.0

-10.6 799.4 -50.8

-10.8 790.7 -272.1

-14.4 812.9 -240.5

23 24 25

205.3 29.1 -3650.8

165.6 17.8 -3365.5

24.6 17.5 -3569.2

114.3 -14.0 -3652.0

107.6 -39.2 -4778.7

-226.8 -83.9 -6009.0

-229.3 -85.3 -6025.8

-356.6 -115.4 -5877.9

-491.9 -130.0 -4961.7

-501.8 -164.6 -4538.2

-654.1 -156.5 -5813.8

26 27 28

-11.7 20.9 2.8

-17.9 20.8 25.7

11.2 20.0 36.8

1.8 19.2 6.0

0.1 11.4 142.4

2.8 10.3 98.4

5.9 11.2 24.5

1.7 9.9 -28.6

2.1 8.0 -40.6

1.2 12.6 31.9

-0.3 11.0 12.9

29 30 31

90492.8 101514.3 112425.8 122992.2 137323.8 149316.0 148112.6 147886.4 146131.5 141056.5 139265.7

32

26 27 28

Security RPs Taxes payable Miscellaneous

29 30 31

- Floats not included in assets: Checkable deposits: Federal govt. Other Trade credit

32

Totals identified to sectors as assets


61

Z.1, June 11, 2009

L.10 Assets and Liabilities of the Personal Sector (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

26758.7

31325.5

34735.1

37663.8

42232.7

45148.2

43706.3

43185.7

41350.3

37576.3

36944.3

1

2 3 4 5

Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares

49.9 602.1 3887.4 1133.0

52.1 593.2 4252.9 1023.8

57.5 651.8 4728.6 973.2

59.9 602.8 5239.1 1023.2

65.2 643.1 5746.0 1195.0

78.2 619.0 6248.6 1444.4

72.6 577.5 6399.1 1557.9

67.0 555.3 6374.7 1495.1

62.8 525.3 6491.1 1548.9

60.8 728.9 6458.1 1684.7

59.5 703.7 6504.3 1664.2

2 3 4 5

6

Securities

9852.1

12389.8

13913.7

15182.8

17102.7

17915.9

16867.7

16483.6

15080.2

12652.5

12690.2

6

110.4 194.9 133.3 300.1

105.9 203.8 279.7 435.9

136.1 204.4 378.0 404.6

164.2 205.1 358.6 502.4

187.7 202.4 287.0 420.9

149.7 196.4 65.9 709.3

117.5 195.3 106.7 651.4

82.7 194.9 125.2 651.5

39.1 194.2 137.4 787.5

10.4 194.0 141.9 740.7

7.3 193.9 518.3 396.7

7 8 9 10

681.8 1052.2 5161.2 2218.4

706.4 966.2 6787.5 2904.3

746.7 1135.5 7491.0 3417.4

825.4 1288.2 7999.5 3839.3

877.6 1520.6 9196.4 4410.2

914.7 1831.0 9167.9 4880.9

908.1 1775.6 8496.6 4616.5

924.3 1773.7 8031.3 4699.9

926.4 1730.0 7137.3 4128.4

957.0 1664.4 5496.6 3447.4

975.5 2115.6 5178.0 3304.9

11 12 13 14

7 8 9 10

Open market paper U.S. savings bonds Other Treasury securities Agency- and GSE-backed securities

11 12 13 14

Municipal securities Corporate and foreign bonds Corporate equities (2) Mutual fund shares

15 16 17 18

Private life insurance reserves Private insured pension reserves Private noninsured pension reserves Govt. insurance and pension reserves

881.6 1604.9 3717.3 2906.5

972.7 1803.2 4561.3 3394.9

1018.8 2027.9 4963.0 3686.1

1039.9 2197.4 5341.4 3877.6

1119.5 2332.4 6047.9 4360.3

1156.1 2437.8 6426.0 4558.1

1141.9 2367.3 5956.4 4296.1

1150.5 2364.0 5884.5 4270.7

1152.0 2308.2 5478.2 4090.1

1133.4 2150.6 4635.4 3702.8

1123.5 2115.3 4310.0 3523.8

15 16 17 18

19

Miscellaneous and other assets

2123.7

2281.7

2714.5

3099.6

3620.5

4264.1

4469.7

4540.3

4613.5

4369.1

4249.7

19

12094.5

13207.9

14732.1

16425.1

18270.5

19745.9

19946.0

19959.3

20177.3

19874.4

19696.2

20

20

Total liabilities

21 22 23

Mortgage debt on nonfarm homes Other mortgage debt (3) Consumer credit

6420.6 1434.8 1999.9

7213.3 1554.3 2104.4

8248.4 1708.8 2219.4

9353.1 1827.4 2313.9

10405.3 2069.5 2418.3

11094.9 2329.7 2551.9

11157.9 2368.8 2529.8

11146.5 2405.4 2555.9

11097.0 2432.7 2591.6

11003.9 2444.8 2595.9

10994.2 2450.1 2520.6

21 22 23

24 25 26

Policy loans Security credit Other liabilities (3)

106.0 148.2 1985.0

105.2 182.5 2048.2

106.8 264.0 2184.8

107.6 232.4 2590.7

110.9 292.1 2974.5

114.5 325.5 3329.3

115.7 365.3 3408.5

116.8 291.5 3443.2

117.9 402.3 3535.8

120.4 164.8 3544.6

119.5 133.7 3478.1

24 25 26

(1) Combined statement for households and nonprofit organizations, nonfarm noncorporate business, and farm business. (2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18). (3) Includes corporate farms.


62

Z.1, June 11, 2009

L.100 Households and Nonprofit Organizations (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5 6 7

Total financial assets Deposits Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Credit market instruments

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

30074.2

35062.3

38911.5

42838.5

47355.7

49831.8

48164.8

47475.4

45462.9

41179.3

40295.5

1

5154.4

5350.4

5742.5

6153.6

6779.1

7377.5

7570.1

7440.5

7562.1

7865.8

7880.7

2

49.9 414.5 3618.3 1071.7

52.1 399.1 3939.0 960.2

57.5 370.3 4410.6 904.1

59.9 256.8 4887.6 949.2

65.2 236.4 5363.0 1114.5

78.2 156.4 5796.1 1346.8

72.6 105.7 5933.7 1458.0

67.0 79.2 5900.4 1393.8

62.8 45.7 6007.4 1446.3

60.8 248.7 5974.2 1582.1

59.5 230.6 6027.5 1563.1

3 4 5 6

2545.1

2774.7

3086.2

3427.7

3559.3

3914.9

3801.8

3807.5

3871.5

3764.0

4263.5

7

110.4 285.3 194.9 90.4 300.1

105.9 438.6 203.8 234.8 435.9

136.1 532.2 204.4 327.8 404.6

164.2 507.5 205.1 302.4 502.4

187.7 433.0 202.4 230.7 420.9

149.7 196.5 196.4 0.1 709.3

117.5 234.6 195.3 39.3 651.4

82.7 251.8 194.9 56.9 651.5

39.1 262.3 194.2 68.1 787.5

10.4 266.6 194.0 72.6 740.7

7.3 643.9 193.9 450.0 396.7

8 9 10 11 12

8 9 10 11 12

Open market paper Treasury securities Savings bonds Other Treasury Agency- and GSE-backed securities

13 14 15 16

Municipal securities Corporate and foreign bonds Other loans and advances (2) Mortgages

678.4 1052.2 2.8 116.0

703.8 966.2 3.1 121.3

742.4 1135.5 5.9 129.6

821.0 1288.2 8.7 135.7

871.8 1520.6 8.3 116.9

908.0 1831.0 17.4 103.0

901.2 1775.6 20.1 101.4

917.3 1773.7 22.3 108.1

919.3 1730.0 27.5 105.9

949.9 1664.4 27.9 104.1

968.5 2115.6 28.5 103.0

13 14 15 16

17 18 19 20 21 22 23

Corporate equities (3) Mutual fund shares Security credit Life insurance reserves Pension fund reserves Equity in noncorporate business Miscellaneous assets

5161.2 2218.4 412.7 920.9 8189.4 5037.9 434.2

6787.5 2904.3 475.4 1013.2 9718.9 5548.9 489.1

7491.0 3417.4 578.3 1060.4 10635.5 6358.8 541.5

7999.5 3839.3 575.3 1082.6 11373.7 7795.8 591.1

9196.4 4410.2 655.7 1163.7 12696.5 8263.7 631.2

9167.9 4880.9 866.4 1201.5 13376.4 8347.2 699.0

8496.6 4616.5 984.5 1187.2 12574.5 8210.2 723.3

8031.3 4699.9 992.1 1196.4 12473.4 8094.2 740.3

7137.3 4128.4 998.6 1197.7 11830.9 7969.0 767.5

5496.6 3447.4 742.7 1179.8 10442.4 7464.0 776.5

5178.0 3304.9 657.4 1169.8 9902.8 7155.5 782.8

17 18 19 20 21 22 23

24 25

Total liabilities Credit market instruments

26 27 28

Home mortgages (4) Consumer credit Municipal securities

29 30 31

Bank loans n.e.c. (5) Other loans and advances Commercial mortgages

32 33 34

Security credit Trade payables Deferred and unpaid life insurance premiums

8832.0

9859.5

11031.7

12179.1

13438.4

14342.3

14441.4

14396.6

14561.1

14254.9

14140.5

24

8511.8

9499.3

10572.0

11738.0

12923.5

13778.4

13832.6

13857.4

13907.3

13832.9

13748.5

25

6034.2 1999.9 164.2

6886.7 2104.4 178.3

7838.9 2219.4 188.6

8876.2 2313.9 205.1

9854.1 2418.3 226.9

10509.8 2551.9 249.5

10573.3 2529.8 252.3

10573.2 2555.9 261.6

10535.5 2591.6 265.2

10463.1 2595.9 269.9

10464.7 2520.6 273.4

26 27 28

17.3 120.2 175.9

49.8 118.7 161.4

26.7 119.0 179.2

36.4 119.0 187.4

86.4 123.8 214.1

99.7 127.0 240.5

104.9 128.0 244.3

89.2 129.7 247.7

133.1 130.7 251.2

120.4 133.2 250.3

106.9 132.2 250.7

29 30 31

148.2 152.0

182.5 156.8

264.0 173.3

232.4 186.3

292.1 199.9

325.5 214.5

365.3 218.4

291.5 222.2

402.3 226.2

164.8 230.2

133.7 231.8

32 33

20.0

20.9

22.5

22.4

22.8

23.9

25.2

25.5

25.3

27.0

26.5

34

(1) Sector includes farm households and domestic hedge funds. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end outstandings of nonprofit organizations. (2) Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds. (3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 18) and life insurance and pension reserves (lines 20 and 21). (4) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 22. (5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 15.


63

Z.1, June 11, 2009

L.101 Nonfinancial Business (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

11659.3

11907.8

13102.7

14518.3

15815.6

17405.0

17572.8

17764.6

17890.9

17897.1

17905.9

1

2 3 4 5 6

Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

20.6 328.7 560.5 397.1 6.2

38.1 385.0 676.6 362.6 6.0

53.7 459.9 718.4 393.5 6.4

60.6 598.5 801.9 440.4 14.6

49.3 540.4 880.0 514.0 15.5

50.8 594.8 895.6 661.7 8.1

48.8 606.5 890.3 719.3 5.2

48.1 600.5 883.2 752.9 6.2

36.7 619.9 898.5 749.9 2.9

31.1 575.1 865.9 838.3 5.4

38.6 593.0 841.3 848.6 6.4

2 3 4 5 6

7

Credit market instruments

341.8

340.1

382.7

436.4

424.7

359.8

274.2

272.2

255.2

261.4

257.0

7

64.8 74.2 16.9 35.5 75.7 74.7

75.7 77.7 12.1 38.1 78.0 58.5

95.0 83.3 12.2 36.2 97.4 58.6

111.0 106.9 18.8 36.6 104.4 58.8

122.7 100.6 16.4 33.9 94.5 56.8

69.7 103.2 13.8 36.5 81.4 55.2

24.3 95.5 10.4 15.2 77.7 51.2

24.4 98.7 11.2 13.0 73.5 51.3

12.0 97.3 10.4 14.2 69.4 51.9

12.4 102.1 12.1 14.8 64.7 55.3

12.0 104.0 6.4 24.8 59.4 50.4

8 9 10 11 12 13

95.8 2082.5 7826.3

125.9 2040.1 7933.3

140.5 2195.6 8751.9

156.3 2540.0 9469.7

204.0 2561.7 10625.9

217.5 2813.3 11803.5

200.2 2867.9 11960.3

196.7 2928.9 12075.9

175.5 2908.8 12243.5

143.3 2764.7 12411.8

134.1 2736.6 12450.2

14 15 16

13185.3

13215.8

14049.8

15391.3

16614.1

18210.7

18444.2

18653.9

18767.8

18885.2

18861.1

17

8 9 10 11 12 13 14 15 16 17 18

Total financial assets

2003

Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit Mutual fund shares Trade receivables Miscellaneous assets Total liabilities

7131.5

7338.4

7791.2

8465.8

9347.5

10614.5

10807.2

11002.8

11100.3

11153.7

11157.2

18

19 20 21

Commercial paper Municipal securities Corporate bonds

119.8 160.8 2747.9

82.5 164.2 2900.1

97.8 169.4 2975.5

90.1 176.7 3032.2

112.5 181.7 3247.8

123.8 189.5 3558.9

140.0 189.6 3604.2

139.8 191.1 3692.9

146.5 191.3 3716.0

131.5 192.6 3763.5

106.9 192.9 3906.1

19 20 21

22 23 24

Bank loans n.e.c. Other loans and advances Mortgages

1111.9 898.6 2092.5

1035.5 910.2 2245.8

1063.8 967.7 2517.1

1188.5 1083.1 2895.1

1313.9 1217.2 3274.4

1549.1 1535.7 3657.5

1607.6 1561.2 3704.6

1647.8 1590.9 3740.3

1701.8 1593.8 3750.8

1723.6 1590.7 3751.7

1658.0 1555.8 3737.6

22 23 24

1745.9 163.1 4144.8

1665.0 150.9 4061.5

1786.2 166.0 4306.3

2035.2 179.8 4710.6

2161.1 188.5 4917.0

2311.0 197.2 5088.0

2290.9 211.1 5135.1

2266.6 206.2 5178.3

2223.5 211.2 5232.8

2168.2 200.6 5362.7

2073.9 212.4 5417.5

25 26 27

25 26 27

Credit market instruments

Trade payables Taxes payable Miscellaneous liabilities

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.


64

Z.1, June 11, 2009

L.102 Nonfarm Nonfinancial Corporate Business Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

9941.8

10108.8

10931.6

11909.0

12684.8

13751.0

13830.8

13970.4

14044.9

14048.6

14114.0

1

2 3 4 5 6

Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

20.6 141.1 291.3 335.7 6.2

38.1 190.9 362.8 299.0 6.0

53.7 178.4 400.5 324.3 6.4

60.6 252.4 450.4 366.5 14.6

49.3 133.8 497.0 433.4 15.5

50.8 132.1 443.2 564.1 8.1

48.8 134.7 424.9 619.4 5.2

48.1 124.5 408.9 651.6 6.2

36.7 140.2 414.9 647.3 2.9

31.1 94.9 382.0 735.7 5.4

38.6 119.9 364.5 747.5 6.4

2 3 4 5 6

7

Credit market instruments

269.4

266.2

297.4

339.6

328.0

246.8

158.5

154.8

136.2

142.3

139.7

7

64.8 31.4 16.9 32.1 49.6 74.7

75.7 32.8 12.1 35.4 51.8 58.5

95.0 33.1 12.2 31.8 66.6 58.6

111.0 50.7 18.8 32.1 68.3 58.8

122.7 44.3 16.4 28.1 59.8 56.8

69.7 37.3 13.8 29.8 40.9 55.2

24.3 28.0 10.4 8.3 36.2 51.2

24.4 30.3 11.2 6.0 31.5 51.3

12.0 28.0 10.4 7.1 26.8 51.9

12.4 32.8 12.1 7.7 22.1 55.3

12.0 35.7 6.4 17.8 17.4 50.4

8 9 10 11 12 13

8 9 10 11 12 13

Total financial assets

2003

Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit

14 15

Mutual fund shares Trade receivables

95.8 1719.6

125.9 1702.4

140.5 1831.3

156.3 2109.0

204.0 2090.8

217.5 2263.1

200.2 2304.4

196.7 2357.4

175.5 2329.5

143.3 2185.2

134.1 2165.8

14 15

16 17 18 19 20 21

Miscellaneous assets U.S. direct investment abroad (1) Insurance receivables Equity in GSEs Investment in finance company subs. Other

7062.2 1583.9 218.2 0.0 18.5 5241.5

7117.4 1718.5 236.6 0.0 21.0 5141.3

7699.1 2056.6 255.5 0.0 23.6 5363.4

8159.7 2164.9 276.2 0.0 117.0 5601.6

8933.0 2405.3 282.7 0.0 140.1 6104.9

9825.4 2712.5 290.1 0.0 81.5 6741.3

9934.7 2792.7 293.0 0.0 83.3 6765.6

10022.2 2869.4 297.4 0.0 81.1 6774.1

10161.8 2917.9 303.4 0.0 82.9 6857.6

10328.6 2985.0 300.0 0.0 79.5 6964.1

10397.4 3048.4 299.4 0.0 77.0 6972.6

16 17 18 19 20 21

9922.8

9867.4

10349.3

11145.3

11781.9

12807.2

12939.7

13091.2

13151.7

13265.7

13305.4

22

22

Total liabilities

23

Credit market instruments

4854.7

4971.7

5173.4

5503.5

5965.7

6809.3

6920.3

7060.7

7122.1

7167.0

7217.1

23

24 25 26

Commercial paper Municipal securities (2) Corporate bonds (1)

119.8 160.8 2747.9

82.5 164.2 2900.1

97.8 169.4 2975.5

90.1 176.7 3032.2

112.5 181.7 3247.8

123.8 189.5 3558.9

140.0 189.6 3604.2

139.8 191.1 3692.9

146.5 191.3 3716.0

131.5 192.6 3763.5

106.9 192.9 3906.1

24 25 26

27 28 29

Bank loans n.e.c. Other loans and advances (3) Mortgages

635.5 743.4 447.3

548.3 750.3 526.3

547.2 805.4 578.2

515.2 911.2 778.1

532.2 1023.7 867.8

630.5 1323.5 983.1

654.4 1336.5 995.6

669.5 1358.1 1009.2

691.8 1368.8 1007.7

700.8 1362.1 1016.5

674.7 1328.0 1008.6

27 28 29

1457.4 93.0 3517.8 1252.5 49.9 2215.3

1402.7 81.2 3411.8 1302.0 49.8 2060.0

1499.9 88.0 3588.0 1409.8 46.6 2131.6

1699.4 93.1 3849.3 1549.4 44.8 2255.1

1813.0 92.8 3910.4 1731.9 42.8 2135.7

1918.3 94.1 3985.4 1996.6 47.2 1941.6

1892.9 106.7 4019.9 2057.8 47.7 1914.4

1872.2 101.1 4057.2 2138.8 48.2 1870.2

1821.2 105.3 4103.1 2168.7 47.9 1886.4

1766.3 94.7 4237.7 2358.5 47.9 1831.3

1673.4 107.3 4307.6 2414.7 48.0 1844.9

30 31 32 33 34 35

30 31 32 33 34 35

Trade payables Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Pension fund contributions payable Other Memo:

36 37

Trade receivables net of payables Market value of equities

262.2 8212.3

299.7 10845.2

331.3 12086.2

409.6 12684.0

277.8 14327.4

344.8 15273.6

411.5 13957.4

485.2 13963.5

508.4 12420.5

418.9 9771.3

492.4 8989.7

36 37

38 39

Securities and mortgages Loans and short-term paper

3356.0 1498.8

3590.6 1381.1

3723.1 1450.3

3987.0 1516.5

4297.3 1668.4

4731.5 2077.8

4789.4 2130.8

4893.3 2167.4

4915.0 2207.1

4972.6 2194.4

5107.6 2109.6

38 39

40 41

Total short-term liabilities (4) Total liquid assets (5)

3049.1 1035.8

2865.0 1178.8

3038.2 1276.0

3308.9 1513.2

3574.1 1544.5

4090.2 1566.4

4130.4 1504.3

4140.7 1508.0

4133.6 1474.9

4055.4 1457.4

3890.2 1483.0

40 41

42 43

Analytical measures (percent) Long-term debt/credit market debt Short-term debt/credit market debt

69.1 30.9

72.2 27.8

72.0 28.0

72.4 27.6

72.0 28.0

69.5 30.5

69.2 30.8

69.3 30.7

69.0 31.0

69.4 30.6

70.8 29.2

42 43

44

Liquid assets/short-term liabilities

34.0

41.1

42.0

45.7

43.2

38.3

36.4

36.4

35.7

35.9

38.1

44

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues. (2) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds. (3) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216. (4) Loans (except mortgages), short-term paper, taxes payable, and trade payables. Includes loans due in more than one year and excludes current maturities of bonds and mortgages. (5) Sum of lines 2 through 11, plus line 14.


65

Z.1, June 11, 2009

L.103 Nonfarm Noncorporate Business Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4

Checkable deposits and currency Time and savings deposits Money market fund shares

5 6 7 8

Treasury securities Municipal securities Mortgages Consumer credit

9 10 11 12 13 14 15 16 17 18 19 20 21

Trade receivables Miscellaneous assets Insurance receivables Equity investment in GSEs (1) Other Total liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1657.0

1736.6

2105.6

2541.8

3057.2

3575.2

3662.3

3713.6

3764.6

3766.1

3709.5

1

167.1 269.2 61.3

172.9 313.8 63.6

259.2 318.0 69.2

323.1 351.6 73.9

381.6 383.0 80.5

435.8 452.4 97.6

444.7 465.4 99.9

448.6 474.3 101.3

452.0 483.7 102.6

452.2 483.9 102.6

445.1 476.8 101.1

2 3 4

42.8 3.4 26.2 0.0

44.9 2.7 26.3 0.0

50.2 4.3 30.8 0.0

56.2 4.4 36.2 0.0

56.3 5.8 34.6 0.0

65.8 6.7 40.5 0.0

67.4 6.9 41.5 0.0

68.4 7.0 42.0 0.0

69.3 7.1 42.6 0.0

69.3 7.1 42.6 0.0

68.3 7.0 42.0 0.0

5 6 7 8

362.8 724.2 52.5 1.8 670.0

337.7 774.7 56.9 2.1 715.7

364.3 1009.5 60.5 2.0 947.1

430.9 1265.5 65.3 1.8 1198.4

470.9 1644.4 66.9 1.9 1575.6

550.1 1926.1 68.6 2.2 1855.3

563.6 1973.0 69.3 2.2 1901.4

571.5 2000.6 70.0 2.3 1928.3

579.3 2028.0 71.4 2.4 1954.2

579.6 2028.8 70.7 2.5 1955.6

570.8 1998.4 70.6 2.5 1925.3

9 10 11 12 13

3085.3

3173.3

3517.5

4052.8

4635.8

5192.1

5292.1

5349.4

5401.9

5404.4

5340.1

14

2107.1

2198.7

2443.8

2775.4

3184.1

3591.2

3669.7

3715.8

3754.3

3761.4

3718.0

15

430.4 126.9 1549.8

441.7 131.6 1625.3

468.9 132.8 1842.1

623.4 136.5 2015.5

728.5 150.5 2305.1

863.1 161.5 2566.6

900.5 168.8 2600.4

921.2 172.9 2621.6

951.8 169.8 2632.8

964.1 173.1 2624.2

928.3 172.5 2617.2

16 17 18

281.0 70.2 627.0

255.3 69.7 649.7

277.4 78.0 718.2

329.4 86.7 861.2

349.4 95.7 1006.6

395.1 103.1 1102.6

402.8 104.4 1115.2

407.4 105.1 1121.1

411.9 105.9 1129.8

412.1 105.9 1125.0

407.0 105.1 1109.9

19 20 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

60.4

62.4

65.5

67.5

73.7

78.8

79.7

80.6

81.5

82.3

82.4

1

2

Checkable deposits and currency

20.6

21.2

22.3

22.9

25.0

26.8

27.1

27.4

27.7

28.0

28.0

2

3 4 5

Miscellaneous assets Insurance receivables Equity investment in GSEs (2)

39.9 37.8 2.1

41.2 38.7 2.5

43.2 40.5 2.7

44.5 41.7 2.8

48.6 45.6 3.0

52.0 48.5 3.6

52.6 48.9 3.6

53.2 49.5 3.7

53.8 49.9 3.9

54.4 50.5 3.9

54.4 50.5 3.9

3 4 5

6 7 8 9 10 11

Total financial assets

Total liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages (3) Trade payables

(1) Corporate and noncorporate farms. (2) Equity in the Farm Credit System. (3) Excludes mortgages on farm houses.

177.2

175.1

183.0

193.2

196.4

211.5

212.4

213.3

214.2

215.1

215.6

6

169.7

168.0

174.1

186.9

197.7

214.0

217.2

226.3

223.8

225.3

222.1

7

46.0 28.3 95.4

45.5 28.4 94.1

47.7 29.5 96.9

49.9 35.4 101.5

53.2 43.0 101.5

55.5 50.7 107.8

52.7 55.9 108.6

57.0 59.9 109.4

58.3 55.3 110.3

58.7 55.5 111.1

55.0 55.3 111.8

8 9 10

7.6

7.1

8.9

6.4

-1.3

-2.4

-4.8

-13.0

-9.6

-10.1

-6.5

11


66

Z.1, June 11, 2009

L.105 State and Local Governments (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4 5

Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

6

Credit market instruments

7 8 9 10 11 12

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1799.9

1908.2

2029.5

2246.9

2460.7

2634.8

2619.9

2611.6

2589.1

2554.5

2553.4

1

41.5 138.7 58.7 115.6

48.4 159.0 62.7 123.5

42.2 170.6 66.6 131.2

52.5 183.3 71.7 141.2

57.7 209.5 78.5 154.6

56.1 245.7 83.5 164.3

51.1 246.8 83.2 163.8

51.2 242.6 82.9 158.5

51.1 246.3 83.2 136.5

65.4 264.8 85.6 148.9

60.8 277.5 82.4 138.9

2 3 4 5

1067.4

1125.6

1198.1

1352.0

1470.6

1512.0

1484.7

1473.2

1479.9

1413.5

1404.7

6

Open market paper Treasury securities Agency- and GSE-backed securities

151.3 354.7 328.8

161.6 364.2 351.2

171.7 389.1 373.2

184.8 481.4 401.6

202.4 516.9 439.9

195.2 531.5 454.6

178.4 523.6 453.0

174.0 522.2 450.0

154.7 535.7 461.5

123.8 522.7 444.1

117.6 526.3 437.0

7 8 9

Municipal securities Corporate and foreign bonds Mortgages

4.1 104.2 124.4

4.4 111.3 132.9

4.7 118.2 141.2

5.0 127.2 151.9

5.5 139.4 166.4

5.8 148.1 176.9

5.8 147.6 176.3

5.8 146.4 174.8

5.8 146.9 175.4

5.7 144.5 172.6

5.8 145.4 172.7

10 11 12

79.3 24.3

84.7 25.9

90.0 27.5

96.8 29.6

106.0 32.5

112.7 34.5

112.3 34.4

109.5 36.7

97.4 31.8

83.1 27.5

78.8 31.5

13 14

118.4 59.5 96.7

126.5 73.6 78.3

134.4 99.6 69.3

144.7 141.0 34.0

158.5 189.0 3.7

168.4 237.5 20.1

167.9 248.0 27.8

166.2 259.8 31.1

166.7 269.0 27.3

164.0 269.8 31.9

165.1 274.5 39.3

15 16 17

1837.8

1987.0

2132.9

2337.1

2523.2

2747.2

2779.4

2800.8

2814.0

2828.8

2868.8

18

13 14

Corporate equities Mutual fund shares

15 16 17

Trade receivables Taxes receivable Miscellaneous assets

18

2003

Total liabilities

19

Credit market instruments

1447.5

1567.6

1683.0

1854.7

2005.9

2191.8

2214.0

2225.0

2227.6

2232.2

2262.5

19

20 21 22 23

Municipal securities Short-term Other U.S. government loans

1437.9 95.7 1342.2 9.6

1557.9 106.1 1451.8 9.7

1673.0 100.2 1572.8 10.0

1844.1 105.9 1738.2 10.6

1994.7 102.8 1891.9 11.2

2179.9 120.1 2059.8 11.9

2202.0 120.9 2081.1 12.0

2212.8 114.5 2098.3 12.2

2215.1 121.9 2093.2 12.5

2219.5 132.0 2087.5 12.7

2249.6 132.4 2117.1 12.9

20 21 22 23

390.3

419.5

449.9

482.4

517.3

555.4

565.4

575.8

586.4

596.5

606.4

24

24

Trade payables

(1) Data for employee retirement funds are shown in table L.119.

L.106 Federal Government Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total financial assets

629.4

629.7

609.6

614.6

624.9

662.1

659.1

676.1

1022.9

1276.3

1277.6

1

51.1 47.5 27.6

55.2 54.1 2.4

54.5 21.9 2.4

35.3 36.8 1.4

34.5 32.9 1.7

36.4 56.5 2.8

39.3 42.9 3.8

39.0 53.8 1.8

37.6 372.2 2.9

41.9 368.0 1.6

40.4 272.0 1.7

2 3 4

2 3 4

Gold, SDRs, and official foreign exchange Checkable deposits and currency Time and savings deposits

5 6 7 8 9

Credit market instruments Agency- and GSE-backed securities Other loans and advances Mortgages Consumer credit (1)

276.2 0.0 119.4 76.3 80.5

273.6 0.0 117.5 73.8 82.4

275.9 0.0 114.4 75.4 86.1

275.0 0.0 107.4 77.8 89.8

281.2 0.0 108.0 81.5 91.7

287.5 0.0 105.8 83.4 98.4

292.9 0.0 105.4 83.9 103.5

296.4 0.0 106.4 85.4 104.6

301.6 3.3 106.8 84.6 106.9

365.4 54.4 112.7 87.3 111.0

443.7 106.7 127.0 88.7 121.4

5 6 7 8 9

Corporate equities (2) Trade receivables Taxes receivable Miscellaneous assets

0.0 32.2 94.4 100.3

0.0 51.3 91.4 101.7

0.0 61.8 90.7 102.3

0.0 70.9 94.3 100.9

0.0 71.3 101.5 101.8

0.0 71.5 104.5 102.8

0.0 71.1 107.0 102.2

0.0 71.7 109.5 103.9

0.0 71.4 115.5 121.9

188.4 71.6 115.5 123.9

211.1 71.4 115.5 121.8

10 11 12 13

4583.7

5096.5

5533.3

5919.2

6166.6

6513.2

6717.8

6703.3

7259.1

7857.3

8307.2

14

2.2 25.5

2.2 26.0

2.2 26.7

2.2 27.5

2.2 28.1

2.2 28.7

2.2 28.5

2.2 28.4

2.2 28.1

2.2 27.9

2.2 27.9

15 16

3637.0 194.9 3414.9 27.3 0.0

4033.1 203.8 3804.4 24.9 0.0

4395.0 204.4 4166.3 24.3 0.0

4701.9 205.1 4472.9 23.8 0.0

4885.3 202.4 4659.4 23.5 0.0

5122.3 196.4 4902.8 23.1 0.0

5322.6 195.3 5103.8 23.5 0.0

5274.1 194.9 5055.7 23.5 0.0

5800.6 194.2 5583.4 23.1 0.0

6361.5 194.0 6144.2 23.3 0.0

6826.9 193.9 6610.5 22.5 0.0

17 18 19 20 21

78.8 39.4 800.9 790.3 10.6

151.2 40.5 843.6 815.0 28.6

166.3 41.6 901.6 855.9 45.7

198.8 42.7 946.1 882.9 63.2

204.5 44.2 1002.4 918.7 83.7

233.5 45.4 1081.0 952.0 129.0

242.9 45.3 1076.3 936.9 139.4

259.0 45.8 1093.8 943.5 150.3

253.9 45.7 1128.6 962.3 166.3

226.8 46.4 1192.4 1015.3 177.1

227.2 46.3 1176.6 993.2 183.4

22 23 24 25 26

10 11 12 13 14

Total liabilities

15 16

SDR certificates Treasury currency

17 18 19 20 21

Credit market instruments Savings bonds Other Treasury securities Budget agency securities Multifamily residential mortgages

22 23 24 25 26

Trade payables Insurance reserves Miscellaneous liabilities (3) Nonmarketable securities held by pension plans Other

(1) Student loans. (2) Corporate equities purchased from financial businesses under the Troubled Assets Relief Program (TARP) and from GSEs at market price. (3) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement and disability fund.


67

Z.1, June 11, 2009

L.107 Rest of the World Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4 5 6

Net interbank assets U.S. checkable deposits and currency U.S. time deposits Money market fund shares Security RPs

7

Credit market instruments

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

7795.0

8790.8

10523.4

11516.0

13959.6

16040.6

16381.3

16518.2

16735.6

16763.6

16801.7

1

119.7 273.4 143.3 16.3 190.1

109.6 262.9 115.0 18.8 460.2

118.3 285.3 149.2 22.9 665.1

106.0 300.1 155.9 23.0 713.3

96.7 311.6 167.4 25.5 1029.0

-56.9 306.1 207.6 32.9 1109.1

-160.9 316.0 229.1 35.0 1104.8

-142.5 312.6 232.1 37.1 989.0

-14.2 327.6 227.2 39.2 896.0

315.2 374.4 252.1 41.4 577.8

146.4 368.2 227.8 43.5 583.0

2 3 4 5 6

3303.0

3836.1

4634.7

5188.3

6198.2

7369.3

7549.5

7776.9

7821.6

7896.4

7931.0

7

8

Open market paper

126.6

192.8

229.8

239.6

287.6

278.1

280.8

276.8

253.3

232.9

220.8

8

9 10 11

Treasury securities Official Private

1285.5 812.0 473.5

1513.5 986.3 527.2

1813.6 1251.9 561.6

1984.4 1340.6 643.8

2126.2 1558.3 567.9

2432.1 1697.4 734.8

2584.1 1786.0 798.0

2707.9 1844.2 863.7

2913.5 1960.6 952.9

3182.0 2139.6 1042.4

3341.0 2259.3 1081.7

9 10 11

12 13 14

Agency- and GSE-backed securities Official Private

630.6 214.2 416.3

655.3 262.9 392.4

875.2 372.6 502.6

1012.9 487.2 525.7

1262.3 694.2 568.1

1571.7 956.4 615.3

1617.9 1024.4 593.5

1662.8 1106.0 556.8

1578.7 1084.4 494.3

1407.3 947.9 459.4

1327.8 924.4 403.4

12 13 14

15 16 17

Municipal securities U.S. corporate bonds (1) Loans to U.S. corporate business

11.5 1123.0 125.8

19.5 1330.0 125.0

26.0 1558.9 131.2

29.0 1762.9 159.6

34.4 2320.8 166.9

33.0 2780.8 273.6

33.5 2782.0 251.3

35.0 2851.8 242.6

38.0 2811.8 226.4

41.0 2808.4 224.8

40.0 2800.2 201.1

15 16 17

18 19 20 21

U.S. corporate equities Mutual fund shares Trade receivables Security credit

1221.6 98.0 48.8 0.0

1674.6 146.1 50.1 0.0

1904.6 195.8 49.0 0.0

2039.1 242.0 56.9 0.0

2472.2 294.1 62.8 0.0

2750.4 324.5 83.5 0.0

2495.0 304.1 94.3 0.0

2614.9 307.3 100.1 0.0

2367.7 274.2 102.0 0.0

1807.8 225.3 89.6 0.0

1595.1 213.8 86.9 0.0

18 19 20 21

22 23 24

Miscellaneous assets Foreign direct investment in U.S. (2) Other

2380.8 1500.0 880.9

2117.4 1581.0 536.4

2498.5 1742.7 755.8

2691.4 1906.0 785.4

3302.1 2151.6 1150.5

3914.0 2422.8 1491.2

4414.4 2503.6 1910.7

4290.8 2611.8 1678.9

4694.2 2669.1 2025.1

5183.8 2748.1 2435.7

5605.9 2814.7 2791.3

22 23 24

4297.9

4759.1

5856.0

6488.4

7420.3

7989.0

8497.1

8448.8

9557.7

10394.2

9918.9

25

55.8 831.1

62.3 867.1

62.2 957.0

45.9 997.8

46.0 1085.8

50.0 1302.5

54.8 1208.6

54.9 1116.0

51.4 1044.9

57.3 1011.9

54.8 990.8

26 27

1072.8

1253.3

1438.8

1513.9

1882.6

2017.3

2081.2

2100.9

1968.5

1864.9

1894.1

28

257.2 702.7

276.1 868.9

345.3 985.0

384.0 1011.6

482.3 1275.5

413.0 1478.1

460.3 1486.3

470.6 1498.5

401.1 1430.7

342.0 1393.4

344.8 1424.9

29 30

68.6 5.1 5.1 58.4 44.1 0.2

66.1 4.5 8.9 52.7 42.0 0.2

69.9 5.5 13.4 51.0 38.3 0.3

84.4 2.6 18.1 63.7 33.7 0.2

98.3 1.9 21.9 74.4 26.4 0.2

102.8 1.9 30.2 70.8 23.1 0.3

111.7 2.0 37.8 71.9 22.7 0.2

109.4 3.1 36.8 69.5 22.2 0.2

114.8 2.3 40.8 71.6 21.9 0.0

107.9 2.6 33.0 72.4 21.5 0.0

103.1 2.6 29.3 71.3 21.3 0.0

31 32 33 34 35 36

38.6 0.0

44.7 0.0

48.2 0.0

54.5 0.0

60.7 0.0

71.9 0.0

69.3 0.0

68.0 0.0

65.8 0.0

61.1 0.0

58.6 0.0

37 38

2299.6 38.6 2.6 1867.0 391.4

2531.7 40.0 2.8 2054.5 434.5

3349.9 42.0 2.8 2498.5 806.7

3876.4 43.2 0.6 2651.7 1180.9

4345.2 45.3 0.6 2936.0 1363.4

4547.2 46.9 24.5 3332.8 1143.0

5083.1 47.0 21.5 3433.4 1581.2

5109.1 48.1 62.5 3521.9 1476.6

6427.2 48.2 288.7 3583.3 2507.0

7399.1 48.3 554.2 3650.7 3146.0

6920.7 48.0 310.3 3735.5 2826.8

39 40 41 42 43

1374.0

2079.4

2560.4

3317.7

4329.0

5170.6

4709.2

4667.5

3627.5

2677.4

2401.2

44

25

Total liabilities

26 27

U.S. official foreign exchange and net IMF position U.S. private deposits

28

Credit market instruments

29 30

Commercial paper Bonds

31 32 33 34 35 36

Bank loans n.e.c. Official Banks Other U.S. government loans Acceptance liabilities to banks

37 38

Trade payables Security debt

39 40 41 42 43

Miscellaneous liabilities U.S. equity in IBRD, etc. Nonofficial foreign currencies U.S. direct investment abroad (1,2) Other Memo:

44

Market value of foreign equities held by U.S. residents (3)

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues. (2) Direct investment is valued on a current-cost basis. (3) Includes American Depositary Receipts (ADRs).


68

Z.1, June 11, 2009

L.108 Monetary Authority (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

796.8

841.3

878.7

908.2

951.3

932.4

952.0

1541.4

2270.6

2122.0

1

30.8 2.2 35.5

32.3 2.2 36.4

29.9 2.2 36.5

31.4 2.2 38.2

34.2 2.2 38.7

36.5 2.2 38.7

36.7 2.2 38.7

34.3 2.2 38.7

35.7 2.2 38.7

34.5 2.2 42.3

2 3 4

Federal Reserve float

0.4

-0.3

0.9

0.9

-0.3

-0.0

-0.6

-0.6

-1.0

-1.5

-3.1

5

Federal Reserve loans to domestic banks Discount window (2) AMLF (3)

0.0 0.0 0.0

0.1 0.1 0.0

0.0 0.0 0.0

0.1 0.1 0.0

0.1 0.1 0.0

48.6 48.6 0.0

111.3 111.3 0.0

174.2 174.2 0.0

300.1 200.0 100.0

559.7 544.0 15.7

545.5 541.1 4.5

6 7 8

39.5

43.8

33.0

46.8

40.8

46.5

76.0

114.5

83.0

80.0

0.0

9

629.4

666.7

717.8

744.2

778.9

740.6

631.0

509.1

780.9

986.0

1168.1

10

0.0 629.4 0.0

0.0 666.7 0.0

0.0 717.8 0.0

0.0 744.2 0.0

0.0 778.9 0.0

0.0 740.6 0.0

0.0 591.2 0.0

0.0 478.8 0.0

0.0 476.6 14.5

0.0 475.9 19.7

0.0 492.3 287.0

11 12 13

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

39.7 0.0 0.0 39.7 0.0 0.0 0.0 0.0 0.0

30.3 0.0 0.0 1.5 28.8 0.0 0.0 0.0 0.0

289.8 0.0 0.0 199.7 29.0 61.1 0.0 0.0 0.0

490.4 0.0 0.0 45.5 29.1 38.9 19.5 24.4 333.0

388.8 4.7 0.0 20.4 29.1 46.0 18.6 24.2 245.8

14 15 16 17 18 19 20 21 22

19.6 0.0 19.6

18.2 0.0 18.2

18.6 0.0 18.6

18.1 0.0 18.1

17.0 0.0 17.0

40.5 24.0 16.5

37.3 21.0 16.3

77.2 62.0 15.2

303.2 288.3 15.0

569.8 553.7 16.0

332.5 309.9 22.6

23 24 25

745.3

788.0

829.6

865.7

892.9

932.8

910.6

930.6

1519.5

2249.5

2098.1

26

5 6 7 8 9

Security RPs Credit market instruments

11 12 13

Open market paper Treasury securities Agency- and GSE-backed securities

14 15 16 17 18 19 20 21 22

Bank loans n.e.c. Households (TALF) (4) Rest of world Brokers and dealers (5) Funding corporations (Maiden Lane) (6) Funding corporations (AIG) Funding corporations (Maiden Lane II) (7) Funding corporations (Maiden Lane III)(8) Funding corporations (CPFF) (9)

26

2005

27.9 2.2 34.6

Gold and foreign exchange SDR certificates Treasury currency

23 24 25

2004

753.6

2 3 4

10

2003

Miscellaneous assets Nonofficial foreign currencies (10) Other Total liabilities

27 28

Depository institution reserves Vault cash of commercial banks

22.5 47.8

23.1 48.0

24.0 41.5

19.0 50.1

18.7 51.7

20.8 55.0

24.2 45.4

33.5 45.7

222.1 48.0

860.0 57.7

805.2 50.5

27 28

29

Checkable deposits and currency

645.7

683.0

720.8

750.8

774.3

792.1

775.9

786.3

1149.3

1220.3

1142.6

29

4.8 0.4 4.4 0.0

6.0 0.3 5.7 0.0

6.2 0.3 5.9 0.0

4.8 0.2 4.6 0.0

5.0 0.3 4.7 0.0

16.4 0.3 16.1 0.0

5.9 0.3 5.6 0.0

5.3 0.3 5.0 0.0

332.7 0.3 33.0 299.5

365.7 0.3 106.1 259.3

267.4 0.3 67.2 199.9

30 31 32 33

0.1 1.1 639.7

0.2 0.6 676.2

0.1 1.1 713.3

0.1 2.0 743.9

0.1 0.8 768.5

0.1 1.7 773.9

0.1 0.1 769.8

0.2 0.1 780.7

0.1 26.2 790.3

1.4 21.1 832.2

1.2 20.9 853.2

34 35 36

30 31 32 33

Due to federal government Treasury cash holdings Treasury general deposit account Treasury temporary supplementary financing account

34 35 36

Due to rest of the world Due to government-sponsored enterprises Currency outside banks

37

Security RPs

21.1

25.7

30.8

30.5

29.6

44.0

44.1

43.8

77.9

88.4

70.6

37

38 39 40

Miscellaneous liabilities Federal Reserve Bank stock Other

8.1 8.4 -0.2

8.3 8.8 -0.6

12.5 11.9 0.6

15.3 13.5 1.8

18.5 15.3 3.2

21.0 18.5 2.5

21.0 19.5 1.5

21.3 19.9 1.5

22.2 20.3 1.9

23.1 21.1 2.0

29.1 22.6 6.6

38 39 40

(1) Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board. (2) Loans extended to domestic banks through term auction credit, primary credit, secondary credit, and seasonal credit. (3) Loans extended to domestic banks through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility. (4) Loans extended to domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF). (5) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the AMLF. (6) Loan extended by the Federal Reserve to Maiden Lane LLC to facilitate the arrangementsassociated with JPMorgan Chase & Co.’s acquisition of Bear Stearns Companies, Inc. (7) Loan extended by the Federal Reserve to Maiden Lane II LLC to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of AIG subsidiaries. (8) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts. (9) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC. (10) Reciprocal currency arrangements (swap lines) with foreign central banks.


69

Z.1, June 11, 2009

L.109 Commercial Banking (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4

Vault cash Reserves at Federal Reserve Checkable deposits and currency

5

Total bank credit

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

7329.4

7824.9

8559.9

9320.1

10202.9

11191.8

11574.5

11715.5

12399.4

13408.8

13904.5

1

47.8 19.7 2.5

48.0 19.7 2.5

41.5 20.8 3.5

50.1 16.3 3.0

51.7 16.7 2.9

55.0 18.2 2.3

45.4 21.7 2.3

45.7 30.9 2.3

48.0 218.6 2.4

57.7 837.5 3.0

50.5 758.0 4.3

2 3 4

5827.2

6239.6

6851.5

7546.6

8402.1

9190.1

9271.8

9319.3

9725.9

9678.7

9555.5

5

Open market paper Treasury securities Agency- and GSE-backed securities

0.0 205.8 917.9

0.0 132.3 1000.0

0.0 107.8 1095.0

0.0 97.1 1089.6

0.0 95.2 1135.3

0.0 112.5 1022.4

0.0 111.9 1010.6

0.0 99.7 1088.8

100.0 117.6 1080.0

15.7 95.8 1169.1

4.5 116.2 1175.5

6 7 8

9 10

Municipal securities Corporate and foreign bonds

121.7 359.9

132.7 481.2

140.8 563.6

157.7 687.0

180.2 780.3

192.4 978.7

203.2 1003.3

202.9 975.3

223.4 958.9

215.6 984.7

213.8 963.1

9 10

11 12 13 14

Bank loans n.e.c. Mortgages Consumer credit Security credit

1360.0 2058.3 602.6 177.9

1335.1 2255.8 669.4 200.9

1410.1 2595.6 704.3 195.8

1577.9 2958.0 707.0 230.7

1704.8 3403.1 741.2 302.2

2028.8 3645.7 804.1 334.5

2103.9 3686.0 796.3 297.2

2138.6 3662.2 813.0 281.4

2222.0 3854.9 844.1 284.3

2232.1 3843.0 878.6 221.0

2125.9 3855.1 850.6 216.5

11 12 13 14

15 16

Corporate equities Mutual fund shares

3.5 19.6

15.0 17.1

20.3 18.1

24.1 17.4

35.3 24.5

41.5 29.6

33.0 26.4

31.9 25.5

20.6 20.0

3.5 19.6

0.8 33.5

15 16

4.6 1427.6

4.4 1510.9

4.0 1638.5

4.0 1700.1

0.4 1729.1

0.5 1925.6

0.3 2232.9

0.3 2317.0

0.0 2404.6

0.0 2831.8

0.0 3536.3

17 18

7104.0

7582.8

8361.1

8990.0

9866.4

10944.5

11221.9

11338.6

11890.4

12640.6

12792.7

19

6 7 8

17 18 19

Customers’ liab. on acceptances (2) Miscellaneous assets Total liabilities

20 21 22 23

Net interbank liabilities To monetary authority To domestic banks (3) To foreign banks

135.7 0.5 15.5 119.7

122.0 -0.3 12.7 109.6

146.6 1.0 27.3 118.3

132.2 1.0 25.2 106.0

119.6 -0.3 23.2 96.7

13.4 48.6 21.7 -56.9

-34.9 110.7 15.3 -160.9

40.0 173.6 9.0 -142.5

234.1 299.1 -50.8 -14.2

601.3 558.2 -272.1 315.2

448.3 542.4 -240.5 146.4

20 21 22 23

24 25 26 27

Checkable deposits Federal government Rest of the world Private domestic

571.5 31.1 25.2 515.3

607.2 30.2 4.1 573.0

646.7 26.9 13.2 606.6

610.3 33.9 19.7 556.8

574.4 28.0 28.8 517.6

586.0 42.9 34.1 509.0

588.7 42.9 37.2 508.6

585.0 50.2 33.5 501.3

637.2 41.5 42.7 553.1

727.9 3.5 58.4 666.0

666.6 4.3 40.6 621.6

24 25 26 27

28 29 30

Small time and savings deposits Large time deposits Federal funds and security RPs (net)

2747.6 915.3 675.2

2979.2 928.1 713.2

3259.8 1120.6 726.4

3528.1 1363.7 816.6

3815.7 1627.7 887.1

4079.5 1926.0 837.4

4195.7 1990.8 807.0

4190.7 1974.1 756.7

4407.5 2043.5 714.2

4620.7 1828.3 481.7

4752.0 1765.6 462.6

28 29 30

31

Credit market instruments

611.8

660.4

738.7

823.9

998.0

1261.2

1312.9

1394.2

1460.5

1422.0

1724.9

31

52.9 332.2 226.8

46.6 378.4 235.3

57.2 437.4 244.1

61.2 494.1 268.5

79.3 570.1 348.5

117.2 688.7 455.2

116.1 723.9 472.9

130.6 781.2 482.4

115.8 732.6 612.1

77.7 818.0 526.3

56.1 1211.0 457.8

32 33 34

16.2 1430.8

19.1 1553.6

22.2 1700.0

25.6 1689.5

29.3 1814.5

33.3 2207.8

34.3 2327.4

35.4 2362.6

36.4 2356.9

37.5 2921.3

38.6 2934.1

35 36

5630.8 0.0

6010.9 0.0

6621.2 0.0

7278.4 0.0

8040.5 0.0

8785.2 11.2

8915.4 11.2

8980.8 10.7

9401.0 9.8

9434.6 9.5

9304.6 9.1

37 38

32 33 34 35 36

Open market paper Corporate bonds Other loans and advances Taxes payable Miscellaneous liabilities Memo:

37 38

Credit market funds advanced (4) Consumer leases not included above (5)

(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the same as branches in foreign countries. (2) Included in other loans and advances (table L.216). (3) Floats and discrepancies in interbank transactions. (4) Total bank credit (line 5) less security credit (line 14) less corporate equities (line 15) less mutual fund shares (line 16) plus customers’ liability on acceptances (line 17). (5) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset.


70

Z.1, June 11, 2009

L.110 U.S.-Chartered Commercial Banks Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

5427.2

5838.0

6398.6

6905.5

7614.4

8268.8

8506.7

8533.9

9172.6

9689.7

9513.3

1

66.3

66.8

61.6

65.5

67.8

72.2

66.0

75.9

232.5

656.3

594.8

2

5118.1

5527.0

6118.0

6621.3

7320.5

7883.7

7968.5

8031.6

8464.9

8379.7

8315.7

3

Open market paper Treasury securities Agency- and GSE-backed securities Mortgage pass-through securities CMOs and other structured MBS Other

0.0 86.4 821.3 434.9 159.1 227.4

0.0 93.5 906.4 491.4 161.5 253.5

0.0 74.2 996.1 581.7 156.7 257.7

0.0 64.2 992.7 579.0 152.3 261.5

0.0 61.9 1040.3 647.8 147.2 245.3

0.0 73.0 928.9 592.8 142.8 193.3

0.0 64.1 923.2 616.8 148.2 158.2

0.0 49.5 985.7 676.7 146.0 163.0

100.0 71.5 991.3 697.9 146.4 147.0

15.7 53.4 1068.7 744.9 157.1 166.7

4.5 69.5 1085.4 730.2 166.9 188.4

4 5 6 7 8 9

10 11 12 13 14

Municipal securities Corporate and foreign bonds Private mortgage pass-through securities Private CMOs and other structured MBS Other

121.2 264.3 12.0 67.4 185.0

132.1 305.8 12.2 92.6 201.0

140.4 364.6 18.9 108.0 237.7

157.2 411.6 23.9 146.2 241.5

178.9 470.7 32.7 158.8 279.1

190.9 572.4 48.2 223.7 300.5

201.7 572.0 50.1 240.8 281.1

201.4 566.3 43.5 237.3 285.5

221.8 560.1 38.7 245.8 275.6

214.1 542.0 23.8 222.2 296.0

211.8 573.0 23.9 212.6 336.5

10 11 12 13 14

15 16 17 18

Bank loans n.e.c. Mortgages Consumer credit Security credit

1101.5 2018.5 602.6 79.2

1083.0 2213.3 669.4 91.4

1150.5 2547.3 704.3 102.2

1249.3 2902.1 707.0 95.6

1312.2 3338.9 741.2 116.5

1532.9 3564.6 804.1 145.9

1590.2 3603.2 796.3 158.4

1622.1 3578.1 813.0 158.1

1687.0 3769.8 844.1 178.8

1670.8 3754.7 878.6 158.6

1580.9 3766.6 850.6 139.1

15 16 17 18

19 20

Corporate equities Mutual fund shares

3.5 19.6

15.0 17.1

20.3 18.1

24.1 17.4

35.3 24.5

41.5 29.6

33.0 26.4

31.9 25.5

20.6 20.0

3.5 19.6

0.8 33.5

19 20

3.9 238.9

3.8 240.4

3.3 215.7

3.3 215.5

0.0 226.1

0.0 312.8

0.0 472.2

0.0 426.4

0.0 475.2

0.0 653.8

0.0 602.8

21 22

2

Vault cash and reserves at Federal Reserve

3

Total bank credit

4 5 6 7 8 9

21 22 23

Customers’ liab. on acceptances (1) Miscellaneous assets

5721.4

6140.4

6925.0

7424.3

8163.1

8906.3

9067.9

9086.0

9573.0

9891.8

9636.7

23

24 25 26 27 28

Total liabilities Net interbank liabilities Federal Reserve float Borrowing from Federal Reserve banks To domestic banks To foreign banks

192.6 0.4 0.0 0.3 191.8

184.6 -0.3 0.1 -53.1 238.0

274.4 0.9 0.0 -20.3 293.8

292.5 0.9 0.1 -18.4 309.9

365.1 -0.3 0.1 -55.0 420.3

503.0 -0.0 48.6 -23.8 478.2

510.4 -0.6 111.3 -51.0 450.7

643.7 -0.6 174.2 -59.7 529.8

711.6 -1.0 300.1 -112.8 525.3

885.7 -1.5 559.7 -336.4 664.0

733.0 -3.1 545.5 -369.0 559.6

24 25 26 27 28

29 30 31 32

Checkable deposits Federal government Rest of the world Private domestic

552.7 31.1 22.3 499.3

585.8 30.2 1.5 554.1

624.5 26.9 11.2 586.4

587.7 33.9 17.4 536.5

551.2 28.0 26.8 496.4

560.2 42.9 31.7 485.5

560.2 42.9 29.5 487.7

556.8 50.2 27.7 479.0

611.2 41.5 39.2 530.5

700.9 3.5 53.7 643.8

638.8 4.3 36.2 598.3

29 30 31 32

33 34 35

Small time and savings deposits Large time deposits Federal funds and security RPs (net)

2722.0 552.7 510.7

2951.6 555.7 553.4

3231.3 671.3 568.0

3494.2 838.1 625.0

3771.9 968.0 646.4

4027.0 991.1 610.3

4137.5 1009.9 591.6

4133.8 963.1 559.4

4356.7 1077.6 534.4

4567.2 1015.6 351.3

4699.2 977.5 356.0

33 34 35

36 37 38 39

Acceptance liabilities Corporate bonds Other loans and advances Taxes payable

3.9 94.1 226.8 16.2

3.8 98.9 235.3 19.1

3.4 109.3 244.1 22.2

3.3 121.7 268.5 25.6

0.0 149.2 348.5 29.3

0.0 174.4 455.2 33.3

0.0 174.2 472.9 34.3

0.0 173.5 482.4 35.4

0.0 173.8 612.1 36.4

0.0 182.4 526.3 37.5

0.0 168.3 457.8 38.6

36 37 38 39

40 41 42

Miscellaneous liabilities Investment by bank holding companies Other

849.8 639.2 210.6

952.2 689.8 262.4

1176.6 857.0 319.7

1167.6 897.0 270.6

1333.4 1006.9 326.4

1551.9 1133.1 418.8

1576.9 1158.4 418.4

1537.9 1148.5 389.4

1459.2 1157.2 301.9

1624.7 1181.3 443.5

1567.3 1245.7 321.6

40 41 42

5019.8 0.0

5407.3 0.0

5980.7 0.0

6487.4 0.0

7144.1 0.0

7666.8 11.2

7750.6 11.2

7816.0 10.7

8245.6 9.8

8197.9 9.5

8142.3 9.1

43 44

Memo: 43 44

Credit market funds advanced (2) Consumer leases not included above (3)

(1) Included in other loans and advances (table L.216). (2) Total bank credit (line 3) less security credit (line 18) less corporate equities (line 19) less mutual fund shares (line 20) plus customers’ liability on acceptances (line 21). (3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset.


71

Z.1, June 11, 2009

L.111 Foreign Banking Offices in U.S. (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007

2008 Q1

1

Total financial assets

Q2

Q3

Q4

2009 Q1

801.1

750.2

632.7

781.5

785.2

1001.6

1092.6

1090.9

1166.1

1567.2

1445.8

1

1.2

0.9

0.7

0.9

0.6

1.0

1.1

0.7

34.1

239.0

213.6

2

615.0

599.2

606.3

792.1

946.8

1151.4

1147.3

1106.0

1088.8

1131.9

1076.0

3

Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds

0.0 116.7 61.6 0.0 81.6

0.0 33.7 53.0 0.0 159.8

0.0 27.8 51.8 0.0 182.2

0.0 27.9 50.9 0.0 262.8

0.0 27.1 54.8 0.0 292.5

0.0 30.6 56.9 0.0 369.5

0.0 40.1 49.0 0.0 394.6

0.0 37.2 47.0 0.0 370.5

0.0 31.3 44.6 0.0 359.3

0.0 38.1 49.9 0.0 405.4

0.0 45.3 45.1 0.0 357.6

4 5 6 7 8

9 10 11

Bank loans n.e.c. Mortgages Security credit

237.5 19.0 98.7

225.7 17.5 109.5

234.0 16.9 93.7

294.7 20.8 135.1

361.8 24.9 185.6

466.8 39.0 188.6

484.9 39.9 138.8

486.9 41.0 123.2

506.3 41.7 105.5

531.9 44.2 62.3

506.3 44.2 77.5

9 10 11

12

Corporate equities

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

12

0.6 184.2

0.6 149.5

0.7 25.0

0.8 -12.3

0.4 -162.6

0.5 -151.3

0.3 -56.1

0.3 -16.0

0.0 43.3

0.0 196.4

0.0 156.2

13 14

838.4

792.4

680.2

834.7

844.5

1067.5

1160.3

1160.4

1237.3

1640.2

1520.6

15

2

Reserves at Federal Reserve

3

Total bank credit

4 5 6 7 8

13 14 15

Customers’ liab. on acceptances (2) Miscellaneous assets Total liabilities

16 17 18

Net interbank liabilities To foreign banks To domestic banks

-51.6 -83.1 31.5

-69.0 -95.3 26.4

-135.8 -167.9 32.1

-141.8 -176.7 34.9

-213.1 -255.3 42.2

-404.1 -424.5 20.4

-447.8 -496.1 48.3

-505.4 -542.6 37.2

-431.0 -432.9 1.8

-165.0 -181.2 16.2

-234.4 -251.8 17.4

16 17 18

19 20 21

Checkable deposits Small time and savings deposits Large time deposits

8.4 9.4 346.4

9.5 10.2 354.9

8.7 9.5 430.3

9.3 10.0 501.7

9.3 18.6 634.5

11.8 25.5 907.9

14.9 31.6 954.2

14.1 29.4 983.6

12.3 22.1 937.2

13.5 25.6 784.7

13.8 26.2 761.5

19 20 21

22 23

Federal funds and security RPs (net) Acceptance liabilities

163.4 0.7

157.7 0.6

157.5 0.7

190.9 0.8

239.9 0.5

226.3 0.5

214.7 0.4

196.9 0.3

179.9 0.0

130.0 0.0

134.3 0.0

22 23

24 25 26 27

Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other

361.8 73.3 127.3 161.2

328.4 85.2 134.7 108.5

209.2 122.7 167.7 -81.2

263.8 130.2 188.8 -55.1

154.8 148.0 197.3 -190.5

299.6 141.0 241.0 -82.5

392.3 149.4 240.4 2.4

441.5 156.1 237.3 48.1

516.8 163.2 192.6 161.0

851.4 116.0 276.6 458.8

819.3 117.7 269.3 432.2

24 25 26 27

516.9

490.3

513.3

657.8

761.6

963.3

1008.9

983.1

983.2

1069.5

998.5

28

Memo: 28

Credit market funds advanced (3)

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank. (2) Included in other loans and advances (table L.216). (3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).


72

Z.1, June 11, 2009

L.112 Bank Holding Companies Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5 6 7 8 9 10 11

Total financial assets Credit market instruments Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Bank loans n.e.c. Miscellaneous assets Investment in bank subsidiaries Investment in nonbank subsidiaries Other Total liabilities

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1025.8

1153.1

1429.0

1523.8

1695.3

1813.2

1866.7

1980.4

1951.9

2046.7

2841.3

1

27.8

36.4

36.4

32.2

35.6

58.7

59.7

84.1

75.0

72.6

71.5

2

1.3 10.7 12.9 2.9

2.7 11.6 14.2 7.9

2.0 13.5 15.5 5.3

1.1 11.2 11.8 8.1

2.5 11.2 16.7 5.1

7.1 9.9 35.9 5.8

6.3 13.0 35.0 5.4

11.8 28.3 37.4 6.6

13.7 16.6 38.8 5.9

3.1 25.8 35.8 7.9

0.6 21.6 32.0 17.3

3 4 5 6

998.1 639.2 219.3 139.5

1116.7 689.8 265.0 161.9

1392.6 857.0 341.3 194.4

1491.6 897.0 384.0 210.6

1659.7 1006.9 406.6 246.2

1754.6 1133.1 343.6 277.9

1807.0 1158.4 352.6 296.0

1896.3 1148.5 383.7 364.1

1876.8 1157.2 404.2 315.4

1974.1 1181.3 420.3 372.5

2769.9 1245.7 1001.4 522.7

7 8 9 10

473.1

571.5

661.7

627.6

756.7

868.8

891.9

988.1

977.4

1009.6

1538.1

11

-5.3 -16.4 11.1

6.3 39.4 -33.1

8.0 15.5 -7.5

-18.5 8.6 -27.1

-32.4 36.0 -68.4

-85.6 25.0 -110.6

-97.5 18.0 -115.5

-98.3 31.4 -129.8

-46.5 60.2 -106.6

-119.5 48.1 -167.6

-50.3 111.1 -161.4

12 13 14

1.2

2.1

0.8

0.6

0.8

0.8

0.6

0.4

-0.1

0.4

-27.8

15

12 13 14

Net interbank liabilities To domestic banks To foreign banks

15

Federal funds and security RPs (net)

16 17 18

Credit market instruments Commercial paper Corporate bonds

286.4 48.3 238.1

321.8 42.3 279.5

381.3 53.1 328.2

429.5 57.1 372.4

499.7 78.8 420.9

631.1 116.7 514.4

665.4 115.7 549.7

737.9 130.3 607.6

674.6 115.8 558.8

713.3 77.7 635.6

1098.8 56.1 1042.7

16 17 18

19

Miscellaneous liabilities

190.9

241.4

271.6

216.0

288.6

322.4

323.4

348.0

349.3

415.5

517.4

19

109.3

108.1

108.2

108.4

110.3

108.8

105.1

104.1

1

L.113 Banks in U.S.-Affiliated Areas (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total financial assets

2

Checkable deposits and currency

3

Credit market instruments

4 5 6 7 8 9 10 11 12

75.2

83.6

99.5

2.5

2.5

3.5

3.0

2.9

2.3

2.3

2.3

2.4

3.0

4.3

2

66.3

76.9

90.8

101.0

99.3

96.4

96.3

97.6

97.2

94.6

92.3

3

Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds

1.5 24.2 0.5 1.1

2.5 28.9 0.6 1.4

3.8 33.6 0.3 1.3

3.9 34.8 0.5 0.8

3.7 29.0 1.3 0.4

1.8 26.6 1.5 1.0

1.4 25.4 1.5 1.8

1.2 27.8 1.5 1.1

1.2 27.4 1.6 0.7

1.2 24.7 1.5 1.4

0.8 23.3 2.0 0.5

4 5 6 7

Bank loans n.e.c. Home mortgages Commercial mortgages

18.2 9.7 11.2

18.5 12.2 12.8

20.3 15.6 15.9

25.9 16.3 18.8

25.6 17.2 22.0

23.3 17.9 24.2

23.3 18.3 24.6

22.9 18.3 24.8

22.7 18.6 24.9

21.5 19.2 25.0

21.4 19.4 24.9

8 9 10

6.4

4.3

5.2

5.3

5.9

9.5

9.8

10.4

9.3

7.6

7.4

11

Miscellaneous assets

71.1

78.6

94.0

103.4

102.1

101.8

101.8

104.1

102.7

98.9

97.4

12

13 14 15

Total liabilities Checkable deposits Small time and savings deposits Large time deposits

10.4 16.2 16.2

11.9 17.5 17.5

13.5 19.0 19.0

13.3 23.9 23.9

14.0 25.2 25.2

14.0 27.0 27.0

13.6 26.7 26.7

14.0 27.5 27.5

13.7 28.7 28.7

13.4 27.9 27.9

14.0 26.6 26.6

13 14 15

16

Miscellaneous liabilities

28.3

31.7

42.5

42.2

37.7

33.9

34.8

35.2

31.6

29.7

30.2

16

(1) Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.


73

Z.1, June 11, 2009

L.114 Savings Institutions (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4 5

Reserves at Federal Reserve Checkable deposits and currency Time and savings deposits Federal funds and security RPs

6

Credit market instruments

7 8 9 10 11 12

Open market paper Treasury securities Agency- and GSE-backed securities Mortgage pass-through securities CMOs and other structured MBS Other

13 14 15 16 17

Municipal securities Corporate and foreign bonds Private mortgage pass-through securities Private CMOs and other structured MBS Other

18 19 20

Other loans and advances Mortgages Consumer credit

21 22 23

Corporate equities Miscellaneous assets Total liabilities

24 25 26 27

Deposits Checkable Small time and savings Large time

28

Security RPs

29 30 31 32

Credit market instruments Corporate bonds Bank loans n.e.c. Other loans and advances

33 34 35 36

Taxes payable Miscellaneous liabilities Investment by parent Other

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1349.5

1465.9

1649.6

1789.4

1714.8

1815.0

1826.4

1817.2

1518.4

1523.5

1533.0

1

2.8 24.8 2.6 20.0

3.4 24.8 2.6 12.3

3.3 21.3 3.2 9.1

2.7 23.7 2.7 9.0

2.0 20.4 6.6 18.3

2.6 20.0 9.9 45.6

1.9 24.6 10.2 39.1

2.0 22.8 11.7 32.0

2.5 22.6 12.0 28.6

18.7 23.0 14.3 34.7

29.8 24.0 15.7 29.5

2 3 4 5

1166.9

1294.2

1417.7

1617.1

1519.2

1584.9

1599.2

1607.0

1325.9

1310.3

1312.1

6

0.0 9.2 176.2 132.7 0.0 43.5

0.0 12.2 198.8 113.8 24.3 60.6

0.0 8.4 136.4 90.4 23.4 22.7

0.0 12.3 192.3 116.0 30.7 45.5

0.0 12.4 169.3 96.3 27.5 45.5

0.0 7.0 168.6 101.5 25.3 41.8

0.0 6.0 165.6 104.9 25.7 35.0

0.0 4.9 170.0 105.8 34.4 29.8

0.0 2.9 163.5 100.3 30.8 32.3

0.0 2.9 167.9 104.4 32.6 30.8

0.0 3.6 175.4 106.4 34.3 34.8

7 8 9 10 11 12

5.8 79.9 10.6 0.0 69.3

6.6 71.9 10.7 5.7 55.5

7.4 59.2 8.2 40.5 10.5

9.0 80.2 7.7 58.6 13.9

11.1 89.4 10.7 65.4 13.3

11.0 138.5 6.2 104.7 27.6

10.5 139.8 8.1 97.0 34.7

11.1 139.3 6.2 87.8 45.2

8.5 114.1 5.7 69.3 39.1

8.4 104.5 4.9 62.9 36.7

8.6 113.9 4.3 42.6 66.9

13 14 15 16 17

46.2 781.0 68.7

56.3 870.6 77.9

57.6 1057.4 91.3

61.5 1152.7 109.1

67.5 1074.0 95.5

73.7 1095.3 90.8

78.0 1111.8 87.5

76.1 1115.6 90.0

74.0 883.6 79.3

80.1 860.2 86.3

80.7 849.8 80.0

18 19 20

29.1 103.3

30.4 98.1

28.2 166.7

26.2 107.9

24.9 123.3

25.3 126.7

25.7 125.7

25.8 116.0

25.6 101.2

22.7 99.8

21.6 100.4

21 22

1223.5

1329.8

1495.0

1619.2

1535.8

1649.2

1663.8

1661.3

1381.9

1395.7

1389.2

23

840.1 75.3 551.9 212.9

924.9 80.7 599.1 245.1

990.3 81.2 584.7 324.5

1066.9 85.0 618.7 363.3

1091.5 85.9 647.6 358.0

1104.7 79.4 638.2 387.1

1131.3 76.7 658.0 396.6

1139.9 83.9 686.4 369.6

943.7 79.0 589.7 274.9

948.7 76.6 578.6 293.5

972.0 76.4 583.0 312.5

24 25 26 27

41.6

60.9

63.3

61.0

41.8

17.6

3.0

3.0

0.7

17.6

19.5

28

278.1 3.4 43.0 231.7

313.4 5.1 59.0 249.3

404.8 7.6 87.9 309.3

427.3 8.7 93.1 325.5

319.1 10.7 48.6 259.8

423.3 10.4 62.0 350.9

436.9 10.7 62.3 363.9

431.5 10.9 65.1 355.5

378.1 2.4 70.6 305.1

357.4 2.4 75.0 280.0

326.2 2.0 67.4 256.8

29 30 31 32

2.2 61.5 8.3 53.2

2.6 28.0 9.3 18.7

3.6 33.1 10.5 22.6

3.6 60.4 11.8 48.6

3.3 80.1 13.2 66.9

1.3 102.3 14.8 87.5

1.6 91.0 15.2 75.8

1.0 85.9 15.6 70.2

1.1 58.4 16.1 42.3

1.0 70.9 16.5 54.4

1.4 70.2 17.0 53.2

33 34 35 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.


74

Z.1, June 11, 2009

L.115 Credit Unions Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4 5

Reserves at Federal Reserve Checkable deposits and currency Time and savings deposits Federal funds and security RPs (net)

6

Credit market instruments

2003

2004

2005

2006

2007

2008 Q1

Q2

Q3

Q4

2009 Q1

564.0

617.2

654.7

685.7

716.2

758.7

792.8

803.2

800.0

812.4

847.0

1

0.0 38.4 24.6 1.7

0.0 41.5 27.1 1.6

0.0 40.2 26.4 4.1

0.0 38.1 21.9 6.7

0.0 44.4 17.0 5.1

0.0 43.3 17.0 2.5

0.6 60.5 22.7 3.2

0.6 47.9 25.8 1.2

0.9 36.8 25.3 -3.4

3.8 38.5 28.3 -2.3

17.4 43.9 33.4 -0.5

2 3 4 5

465.4

516.6

556.4

592.6

622.7

657.9

665.0

684.7

697.0

697.9

695.8

6

1.5 7.5 79.1 22.1

0.7 8.8 94.3 24.3

0.8 8.9 93.1 25.0

0.8 7.7 86.4 23.5

1.0 7.4 72.5 30.6

0.4 10.4 68.4 34.6

2.7 9.6 73.5 32.9

0.7 10.2 80.8 32.3

0.0 9.9 82.4 29.7

0.0 8.8 82.9 25.7

0.0 7.6 89.6 17.6

7 8 9 10

7 8 9 10

Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds

11 12

Home mortgages Consumer credit

159.4 195.7

182.6 205.9

213.2 215.4

245.6 228.6

276.6 234.5

308.4 235.7

316.2 230.1

329.6 231.1

338.9 236.1

345.5 235.0

346.1 234.9

11 12

13 14

Mutual fund shares Miscellaneous assets

3.5 30.4

4.1 26.3

3.1 24.5

2.2 24.2

2.1 24.9

2.1 35.9

2.4 38.4

2.4 40.5

2.0 41.4

2.0 44.2

1.8 55.2

13 14

512.3

561.5

595.2

622.7

648.7

688.2

721.2

732.4

729.1

742.7

784.1

15

499.7 60.5 396.4 42.8

545.0 66.5 424.9 53.6

574.5 74.1 440.4 60.0

596.1 81.1 452.5 62.5

620.6 72.6 483.0 65.0

652.3 73.7 508.7 69.9

685.1 78.8 531.8 74.5

693.8 77.0 541.2 75.6

683.7 74.5 539.3 69.9

697.4 75.3 551.7 70.4

736.9 83.3 575.4 78.3

16 17 18 19

6.9 5.7

9.1 7.4

11.4 9.3

14.7 11.9

18.9 9.2

32.3 3.6

28.5 7.6

35.4 3.2

43.5 1.9

40.6 4.7

30.3 16.9

20 21

15

Total liabilities

16 17 18 19

Shares/deposits Checkable Small time and savings Large time

20 21

Other loans and advances Miscellaneous liabilities

L.116 Property-Casualty Insurance Companies Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total financial assets

2 3

Checkable deposits and currency Security RPs

4

Credit market instruments

939.8

1059.7

1156.5

1239.6

1329.3

1358.8

1348.9

1345.4

1334.2

1299.2

1281.3

1

25.9 44.4

34.6 52.8

25.9 63.1

21.0 68.9

29.9 66.0

42.7 53.8

41.8 63.4

40.6 61.9

43.4 57.0

27.9 67.1

26.5 67.3

2 3

558.3

625.2

698.8

765.8

813.5

839.8

836.6

835.0

826.4

820.8

825.6

4

5 6

Treasury securities Agency- and GSE-backed securities

61.2 113.2

64.7 115.4

71.3 112.1

69.2 117.9

75.8 122.0

55.1 125.8

54.8 122.8

54.7 120.0

54.2 116.3

53.8 112.9

56.1 111.5

5 6

7 8 9

Municipal securities Corporate and foreign bonds Commercial mortgages

183.0 198.9 2.0

224.2 218.9 2.1

267.8 245.3 2.4

313.2 262.8 2.7

335.2 277.0 3.5

371.3 282.9 4.8

372.3 281.8 4.9

374.1 281.2 5.0

372.9 278.4 4.7

372.8 276.4 5.0

375.0 278.0 5.0

7 8 9

149.4 3.0

178.4 4.3

196.6 5.2

199.5 5.7

227.0 6.9

236.2 6.8

215.6 6.3

212.4 6.3

209.2 5.9

193.2 4.5

172.3 4.2

10 11

74.8 84.1

79.3 85.0

79.6 87.3

82.1 96.5

87.0 99.0

85.4 94.0

86.3 98.7

87.1 102.0

87.1 105.2

86.7 99.0

86.7 98.7

12 13

612.0

668.3

709.8

757.7

809.4

821.4

828.1

838.8

857.4

827.3

824.9

14

-3.7 615.7

1.0 667.2

1.5 708.3

-1.6 759.3

9.4 800.0

7.0 814.4

5.9 822.1

-3.0 841.8

-2.7 860.1

-21.1 848.4

-25.3 850.2

15 16

10 11

Corporate equities Mutual fund shares

12 13

Trade receivables Miscellaneous assets

14 15 16

Total liabilities Taxes payable Miscellaneous liabilities


75

Z.1, June 11, 2009

L.117 Life Insurance Companies Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3

Checkable deposits and currency Money market fund shares

4

Credit market instruments

5 6 7 8 9 10 11

Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Mortgages

12 13

Corporate equities Mutual fund shares

14

Miscellaneous assets

15

Total liabilities

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

3335.0

3772.8

4130.3

4350.7

4685.3

4949.7

4867.7

4875.1

4715.9

4515.5

4458.7

1

35.3 159.8

47.3 151.4

53.3 120.7

47.7 113.6

56.1 162.3

58.3 226.6

63.1 244.0

71.8 247.0

73.9 249.8

82.8 259.8

70.6 263.5

2 3

2307.8

2488.3

2661.4

2765.4

2806.1

2888.6

2917.5

2931.1

2914.6

2926.3

2948.2

4

74.0 78.5 330.9

55.9 71.8 348.9

48.2 78.5 357.1

40.2 91.2 368.5

53.1 83.2 377.4

61.4 68.3 382.9

69.0 73.8 380.5

65.8 79.2 377.4

56.2 84.1 370.9

89.7 87.5 361.7

92.6 93.5 360.3

5 6 7

19.9 1440.0 114.4 250.0

26.1 1610.5 114.2 260.9

30.1 1756.3 117.8 273.3

32.5 1824.8 122.8 285.5

36.6 1822.8 129.3 303.8

41.4 1862.8 145.6 326.2

41.6 1871.6 150.1 330.9

41.8 1876.7 153.8 336.4

41.5 1859.8 161.2 340.9

41.1 1839.7 164.2 342.4

41.5 1856.6 164.0 339.7

8 9 10 11

708.9 76.6

919.3 91.7

1053.9 114.4

1161.8 109.0

1364.8 148.8

1464.6 188.4

1325.9 181.9

1312.3 187.8

1202.5 181.6

967.8 154.9

868.5 146.0

12 13

46.8

74.7

126.6

153.1

147.1

123.3

135.2

125.1

93.5

123.9

161.8

14

3140.4

3539.4

3869.7

4088.4

4412.0

4661.7

4590.6

4602.8

4459.0

4266.5

4209.5

15

16 17 18

Other loans and advances Life insurance reserves Pension fund reserves (1)

5.1 881.6 1604.9

8.0 972.7 1803.2

11.1 1018.8 2027.9

11.5 1039.9 2197.4

14.2 1119.5 2332.4

28.7 1156.1 2437.8

31.1 1141.9 2367.3

33.4 1150.5 2364.0

42.9 1152.0 2308.2

54.9 1133.4 2150.6

52.5 1123.5 2115.3

16 17 18

19 20

Taxes payable Miscellaneous liabilities

-7.7 656.5

-5.8 761.3

-2.7 814.7

-5.3 845.0

-1.3 947.2

-4.7 1043.8

-7.8 1058.0

-11.6 1066.5

-17.9 973.8

-24.4 952.0

-21.8 940.1

19 20

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 20).

L.118 Private Pension Funds (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total financial assets

2 3 4 5

Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

6

Credit market instruments

7 8 9 10 11

3675.3

4519.8

4922.4

5302.2

6010.2

6391.7

5921.1

5848.4

5441.7

4600.2

4273.7

1

10.2 57.5 84.5 18.3

10.4 60.7 84.3 20.3

10.5 55.9 84.9 20.6

10.8 62.2 86.7 21.6

11.2 63.1 90.1 22.4

11.8 67.7 93.5 25.8

11.8 68.0 94.1 26.4

11.8 66.7 94.8 22.2

14.3 68.1 95.3 23.8

12.3 67.9 95.7 33.1

12.2 68.2 96.1 32.8

2 3 4 5

581.7

653.5

654.6

699.9

758.5

861.3

879.4

896.1

910.8

951.4

957.7

6

Open market paper Treasury securities Agency- and GSE-backed securities

30.7 103.6 182.9

27.5 116.9 223.5

28.5 113.0 235.3

31.5 116.5 252.0

31.7 130.8 268.9

26.9 169.5 297.3

28.6 173.7 300.6

29.0 177.9 301.9

20.3 185.8 308.3

37.2 184.9 318.1

38.7 185.9 318.9

7 8 9

Corporate and foreign bonds Mortgages

254.1 10.3

275.3 10.2

267.8 10.0

290.0 9.8

317.6 9.5

357.3 10.2

366.0 10.4

376.7 10.7

385.4 10.9

400.1 11.1

403.0 11.3

10 11

1588.6 931.9

2096.6 1126.9

2338.5 1278.2

2541.7 1399.0

2874.8 1657.6

2863.3 1848.3

2543.8 1698.8

2459.7 1688.9

2190.7 1558.8

1664.7 1229.5

1460.9 1127.3

12 13

12 13

Corporate equities Mutual fund shares

14 15 16 17

Miscellaneous assets Unallocated insurance contracts (2) Contributions receivable Other

402.7 249.6 49.9 103.2

467.3 317.0 49.8 100.5

479.2 328.4 46.6 104.1

480.2 338.4 44.8 97.0

532.5 387.9 42.8 101.8

620.1 444.3 47.2 128.6

598.8 417.8 47.7 133.3

608.2 426.2 48.2 133.9

580.0 397.2 47.9 134.9

545.5 351.6 47.9 146.0

518.4 316.8 48.0 153.6

14 15 16 17

18

Pension fund reserves (liabilities) (3)

3717.3

4561.3

4963.0

5341.4

6047.9

6426.0

5956.4

5884.5

5478.2

4635.4

4310.0

18

(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans). (2) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4. (3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.


76

Z.1, June 11, 2009

L.119 State and Local Government Employee Retirement Funds Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4 5

Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs

6

Credit market instruments

7 8 9 10 11 12

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1930.5

2349.2

2577.5

2721.4

3108.3

3216.3

2978.4

2942.3

2750.3

2327.1

2174.9

1

12.9 1.7 15.5 27.1

13.7 0.8 13.4 23.4

16.3 1.4 11.6 20.2

15.8 1.3 11.7 19.7

14.1 0.9 13.8 24.0

16.6 1.0 16.2 28.3

16.7 1.0 16.3 28.5

16.6 1.0 16.2 28.3

16.5 1.0 16.1 28.1

16.5 1.0 18.8 30.7

16.4 1.0 17.1 29.1

2 3 4 5

638.7

657.5

675.3

693.4

825.4

855.6

857.4

856.0

854.2

851.1

852.3

6

Open market paper Treasury securities Agency- and GSE-backed securities

48.0 158.9 192.6

41.6 148.6 235.1

35.2 151.0 258.8

35.2 153.8 258.4

42.6 157.1 310.8

50.3 168.8 334.1

50.6 169.4 335.1

50.3 169.1 334.6

44.6 171.6 337.1

33.9 174.6 340.5

28.6 177.3 343.0

7 8 9

Municipal securities Corporate and foreign bonds Mortgages

0.9 217.3 21.1

4.4 207.4 20.4

1.8 213.5 15.1

1.7 227.9 16.4

3.6 296.9 14.5

1.9 287.8 12.7

1.2 288.5 12.7

1.2 288.2 12.6

1.2 287.3 12.4

1.1 288.6 12.4

1.1 290.1 12.3

10 11 12

1056.8 167.4

1421.0 207.9

1600.9 235.9

1715.8 248.4

1926.3 287.5

1985.9 296.4

1776.8 265.2

1747.0 260.7

1582.1 236.1

1211.8 181.1

1081.2 161.6

13 14

10.4

11.3

15.9

15.4

16.3

16.2

16.4

16.4

16.2

16.2

16.1

15

1973.4

2396.0

2621.3

2763.4

3175.1

3315.5

3079.4

3045.7

2855.9

2435.2

2285.1

16

13 14

Corporate equities Mutual fund shares

15

Miscellaneous assets

16

2003

Pension fund reserves (liabilities) (1)

(1) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.

L.120 Federal Government Retirement Funds (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 2 3 4 5 6 7 8

Total financial assets Credit market instruments Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Corporate equities Miscellaneous assets (2) Pension fund reserves (liabilities) (3)

893.8

958.5

1023.3

1071.5

1141.1

1197.2

1171.4

1179.2

1188.5

1221.2

1192.4

1

57.6

63.6

68.2

76.0

84.3

96.1

106.1

108.1

115.1

120.3

124.5

2

50.2 4.6 2.8

55.3 5.1 3.2

60.7 4.6 3.0

68.4 4.6 2.9

76.7 4.7 2.9

88.0 5.0 3.0

96.6 6.0 3.6

98.9 5.8 3.4

105.9 5.8 3.4

112.3 5.1 2.9

116.7 5.0 2.8

3 4 5

45.9 790.3

79.9 815.0

99.2 855.9

112.6 882.9

138.1 918.7

149.1 952.0

128.4 936.9

127.6 943.5

111.1 962.3

85.6 1015.3

74.7 993.2

6 7

893.8

958.5

1023.3

1071.5

1141.1

1197.2

1171.4

1179.2

1188.5

1221.2

1192.4

8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds. (2) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement and disability fund. (3) Liabilities of the sector are assets of the household sector.


77

Z.1, June 11, 2009

L.121 Money Market Mutual Funds (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4 5

Foreign deposits Checkable deposits and currency Time and savings deposits Security RPs

6

Credit market instruments

7 8 9 10 11 12 13

Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Miscellaneous assets Total shares outstanding (liabilities)

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

2223.9

2016.4

1879.8

2006.9

2312.1

3033.1

3382.5

3318.3

3355.3

3757.3

3738.7

1

108.1 -1.4 220.2 273.4

71.5 -2.1 166.8 252.6

78.5 0.6 167.2 234.0

94.7 -0.9 183.0 346.0

84.1 6.7 206.7 394.6

127.3 1.9 270.6 605.9

143.8 -9.9 349.7 591.6

141.4 0.5 368.5 518.1

146.0 8.8 331.7 591.8

129.3 7.5 355.2 542.4

79.7 12.7 458.1 561.5

2 3 4 5

1567.1

1471.3

1346.3

1340.8

1560.8

1936.4

2237.5

2232.8

2232.0

2675.0

2575.2

6

585.2 142.2 333.1 278.5 228.1

459.9 132.1 328.6 292.1 258.7

405.8 98.2 267.5 313.8 261.0

492.2 88.6 160.1 336.8 263.2

608.3 82.7 131.4 370.3 368.3

674.6 178.1 235.9 471.0 376.8

662.3 296.3 388.9 491.8 398.2

642.2 283.7 424.9 500.3 381.7

494.8 460.0 518.4 472.8 286.0

618.5 577.7 756.2 494.6 228.0

578.7 519.7 776.3 482.7 217.8

7 8 9 10 11

56.5

56.2

53.3

43.3

59.2

90.9

69.7

56.9

45.1

47.9

51.4

12

2223.9

2016.4

1879.8

2006.9

2312.1

3033.1

3382.5

3318.3

3355.3

3757.3

3738.7

13

7412.3

6614.3

5435.3

5158.8

1

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.122 Mutual Funds (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total financial assets

2

Security RPs

3

Credit market instruments

4 5 6 7 8 9 10 11 12

Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Corporate equities Miscellaneous assets Total shares outstanding (liabilities)

3638.4

4654.2

5436.3

6048.9

7068.3

7829.0

7336.4

81.6

94.5

112.6

115.4

132.8

132.2

136.0

149.6

144.1

124.7

101.4

2

1368.4

1506.4

1623.0

1747.1

1932.0

2203.1

2256.7

2356.6

2340.9

2276.4

2322.4

3

63.1 134.8 422.4 277.3 453.4 17.5

76.2 144.2 447.5 290.2 532.0 16.4

94.2 149.0 462.7 294.3 596.8 26.0

97.1 155.7 483.4 311.7 662.7 36.5

114.5 160.7 499.1 344.4 768.9 44.4

114.1 179.2 565.4 372.2 890.5 81.9

117.7 182.7 576.3 380.1 916.1 83.8

131.2 188.3 594.0 393.4 964.3 85.4

89.0 191.3 603.4 399.1 968.7 89.3

51.6 187.9 592.7 389.6 965.1 89.6

29.9 194.2 591.7 406.1 1010.6 90.0

4 5 6 7 8 9

2187.4 0.9

3051.3 2.0

3693.6 7.0

4175.7 10.7

4989.6 14.0

5476.9 16.8

4923.6 20.1

4888.8 17.3

4110.3 18.9

3014.1 20.0

2714.9 20.0

10 11

3638.4

4654.2

5436.3

6048.9

7068.3

7829.0

7336.4

7412.3

6614.3

5435.3

5158.8

12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.123 Closed-End and Exchange-Traded Funds Billions of dollars; amounts outstanding end of period, not seasonally adjusted Closed-end funds 1 2 3 4 5 6 7

Total financial assets Credit market instruments Treasury securities Municipal securities Corporate and foreign bonds Corporate equities Total shares outstanding (liabilities)

150.8

205.6

245.9

271.4

294.3

316.8

298.5

285.4

251.3

207.0

200.7

1

117.1 3.9 86.0 27.1

152.6 4.6 89.3 58.8

163.6 6.8 89.1 67.6

165.8 7.1 89.4 69.3

171.8 7.4 89.4 75.1

170.6 5.6 91.0 74.0

165.8 5.4 88.9 71.5

160.0 5.2 86.5 68.3

149.4 4.7 82.2 62.5

131.2 3.2 78.2 49.8

131.8 3.3 79.4 49.2

2 3 4 5

33.7

53.0

82.3

105.6

122.5

146.2

132.7

125.4

101.9

75.7

68.8

6

150.8

205.6

245.9

271.4

294.3

316.8

298.5

285.4

251.3

207.0

200.7

7

102.0

150.8

227.3

300.8

422.8

607.1

568.4

575.8

578.4

528.7

478.8

8

3.7 2.0 1.8

4.5 2.1 2.4

8.2 4.9 3.3

15.0 9.7 5.3

20.7 13.1 7.6

33.5 19.7 13.8

37.8 21.0 16.8

43.0 22.6 20.4

49.7 26.6 23.1

54.7 27.0 27.7

66.0 31.6 34.3

9 10 11

98.2

146.3

219.0

285.8

402.0

573.7

530.6

532.8

528.7

473.9

412.8

12

102.0

150.8

227.3

300.8

422.8

607.1

568.4

575.8

578.4

528.7

478.8

13

Exchange-traded funds 8

Total financial assets

9 10 11

Credit market instruments Treasury securities Corporate and foreign bonds

12

Corporate equities

13

Total shares outstanding (liabilities)


78

Z.1, June 11, 2009

L.124 Government-Sponsored Enterprises (GSEs) (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2 3 4

Checkable deposits and currency Time and savings deposits Federal funds and security RPs (net)

5

Credit market instruments

6 7 8

Open market paper Treasury securities Agency- and GSE-backed securities

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

2549.4

2794.4

2882.9

2819.4

2872.9

3174.2

3220.1

3386.6

3407.8

3386.9

3451.6

1

14.8 25.3 95.3

28.8 16.7 75.3

39.1 23.3 93.6

14.6 35.3 107.7

16.4 33.9 117.4

13.7 46.6 142.7

11.1 41.1 131.8

58.3 53.0 141.9

94.2 54.5 138.0

88.3 68.5 114.5

84.1 63.4 159.4

2 3 4

2323.2

2564.2

2613.0

2543.9

2590.5

2829.5

2893.4

2987.8

3021.2

2987.0

3014.9

5

10.4 25.7 1111.7

6.7 13.5 1034.3

5.8 12.9 886.5

13.8 13.1 751.1

32.4 14.2 714.0

27.7 15.5 702.9

39.6 15.9 717.3

9.2 16.2 842.3

6.6 16.6 825.4

6.1 16.7 909.5

10.2 17.6 1018.1

6 7 8

9 10

Municipal securities Corporate and foreign bonds

39.4 227.1

44.4 277.4

44.6 414.8

39.7 465.7

36.1 481.7

33.3 464.4

32.4 449.7

31.3 420.6

30.5 386.4

30.5 335.3

29.5 335.0

9 10

11 12 13 14

Other loans and advances Sallie Mae Farm Credit System FHLB

514.7 0.4 43.8 470.5

545.8 0.3 43.8 501.7

619.4 0.0 43.6 575.8

671.8 0.0 51.6 620.2

704.9 0.0 63.5 641.4

942.6 0.0 75.5 867.1

980.4 0.0 84.0 896.4

997.0 0.0 90.3 906.7

1087.0 0.0 83.4 1003.6

986.7 0.0 84.9 901.8

882.5 0.0 85.1 797.4

11 12 13 14

15 16 17 18 19

Mortgages Home Multifamily residential Farm Consumer credit (2)

357.3 276.8 41.7 38.8 36.9

621.5 514.7 68.2 38.7 20.6

629.0 508.0 82.5 38.6 0.0

588.8 454.9 93.0 40.9 0.0

607.2 460.2 105.4 41.7 0.0

643.1 449.3 147.7 46.1 0.0

658.2 454.1 157.7 46.5 0.0

671.2 456.4 167.9 46.8 0.0

668.6 442.1 179.4 47.1 0.0

702.1 466.5 188.1 47.6 0.0

721.9 483.2 191.3 47.3 0.0

15 16 17 18 19

90.9

109.4

113.9

117.8

114.6

141.7

142.6

145.6

100.0

128.6

130.0

20

2519.6

2747.1

2818.0

2736.8

2782.0

3076.6

3122.4

3279.6

3357.0

3381.9

3351.6

21

2350.4 2350.4 0.0

2601.3 2601.3 0.0

2676.3 2676.3 0.0

2592.2 2592.2 0.0

2627.8 2627.8 0.0

2910.2 2910.2 0.0

2940.2 2940.2 0.0

3104.0 3104.0 0.0

3154.8 3154.8 0.0

3184.5 3184.5 0.0

3118.9 3118.9 0.0

22 23 24

169.2

145.8

141.7

144.5

154.2

166.4

182.2

175.6

202.1

197.4

232.8

25

20 21

Miscellaneous assets Total liabilities

22 23 24

Credit market instruments GSE issues (3) U.S. government loans

25

Miscellaneous liabilities

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. (2) Sallie Mae student loans. (3) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-backed Mortgage Pools (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

3158.6

3326.7

3374.6

3541.9

3837.3

4463.5

4601.4

4759.5

4891.9

4960.8

5041.8

1

2 3 4 5

Total financial assets Home mortgages Multifamily residential mortgages Commercial mortgages Farm mortgages

3063.7 94.5 0.0 0.4

3211.2 114.5 0.0 1.0

3256.3 117.4 0.0 0.9

3419.7 121.3 0.0 0.8

3710.6 123.5 0.0 3.2

4319.8 139.2 0.0 4.5

4454.3 142.7 0.0 4.5

4609.3 145.9 0.0 4.3

4738.7 148.5 0.0 4.7

4803.3 152.9 0.0 4.7

4882.8 154.4 0.0 4.6

2 3 4 5

6

Total pool securities (liabilities)(2)

3158.6

3326.7

3374.6

3541.9

3837.3

4463.5

4601.4

4759.5

4891.9

4960.8

5041.8

6

(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances. (2) Such issues are classified as agency- and GSE-backed securities.


79

Z.1, June 11, 2009

L.126 Issuers of Asset-Backed Securities (ABS) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1976.9

2211.9

2651.2

3376.2

4183.9

4517.1

4451.4

4341.7

4240.5

4095.0

3937.4

1

2 3 4

Treasury securities Agency- and GSE-backed securities (1) Other loans and advances

0.9 271.9 136.6

2.8 354.2 141.7

8.0 348.8 161.9

27.7 316.4 182.9

56.4 340.4 238.8

77.5 359.6 327.9

76.8 364.8 332.7

73.9 360.4 335.0

70.0 359.5 347.9

65.1 340.6 348.3

60.0 309.4 343.9

2 3 4

5 6 7 8

Mortgages (2) Home Multifamily residential Commercial

850.7 543.6 58.7 248.4

1024.0 666.4 66.6 291.0

1458.3 1048.6 73.1 336.7

2145.4 1621.0 89.6 434.8

2775.9 2134.7 103.5 537.7

2956.8 2168.6 125.5 662.7

2878.4 2101.3 122.8 654.3

2783.0 2014.7 120.0 648.4

2691.5 1936.4 117.5 637.6

2591.7 1848.0 114.5 629.2

2501.5 1765.0 113.2 623.2

5 6 7 8

Consumer credit Trade credit

633.3 83.5

596.8 92.3

571.5 102.6

604.0 99.8

664.2 108.3

683.7 111.7

680.4 118.4

684.1 105.2

677.0 94.7

653.8 95.5

636.5 86.1

9 10

1982.6

2217.4

2656.0

3380.3

4187.5

4520.2

4454.4

4344.6

4243.3

4097.7

3940.0

11

566.1 1416.6

530.0 1687.4

526.1 2129.9

674.4 2705.9

837.4 3350.1

643.1 3877.1

588.4 3866.0

558.9 3785.7

510.5 3732.8

559.3 3538.5

484.7 3455.3

12 13

5.7 14.8

5.5 30.3

4.8 89.9

4.2 107.3

3.6 110.0

3.1 92.1

3.0 72.2

2.9 67.4

2.8 60.8

2.7 52.5

2.6 49.3

14 15

9 10 11 12 13

14 15

Total financial assets

2003

Total liabilities Commercial paper Corporate bonds (net) (5) Memo: Securitized assets not included above Consumer leases (3) REIT assets (4)

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs. (2) Mortgages backing privately issued pool securities and privately issued CMOs. (3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset. (4) Included in table L.128. (5) Liabilities net of assets.

L.127 Finance Companies (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total financial assets

2 3

Checkable deposits and currency Time and savings deposits

4

Credit market instruments

5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

21

Corporate and foreign bonds Other loans and advances Mortgages Consumer credit Miscellaneous assets Total liabilities Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Other loans and advances Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Investment by parent Other Memo: Consumer leases not included above (2)

(1) Includes retail captive finance companies and mortgage companies. (2) See footnote (3), table L.126.

1445.6

1679.5

1858.0

1856.9

1891.3

1911.2

1941.0

1929.8

1909.8

1851.7

1815.3

1

25.2 46.8

27.1 63.2

26.3 61.3

17.4 52.2

15.8 47.4

16.2 48.6

17.0 50.9

16.9 50.7

16.7 50.0

16.5 49.4

17.0 51.1

2 3

1292.5

1468.7

1675.9

1740.6

1811.6

1828.2

1846.9

1835.1

1816.9

1755.9

1703.1

4

210.5 444.0 330.5 307.5

263.8 441.7 370.2 393.0

256.0 451.5 476.0 492.3

203.5 479.2 541.4 516.5

184.8 498.0 594.4 534.4

189.4 523.0 531.9 584.1

198.4 542.0 525.8 580.7

197.8 563.9 491.6 581.8

195.1 557.0 468.6 596.3

192.4 539.9 447.9 575.8

199.3 516.7 440.2 546.8

5 6 7 8

81.1

120.5

94.5

46.7

16.4

18.2

26.2

27.1

26.2

30.0

44.0

9

1435.1

1674.9

1864.3

1828.3

1876.8

1949.6

1982.9

1974.3

1949.5

1880.2

1826.4

10

884.2

995.3

1129.6

1108.6

1144.2

1279.6

1301.4

1299.3

1259.1

1198.9

1146.5

11

147.8 635.3 101.1 0.0

145.1 743.2 106.9 0.0

175.3 817.4 136.9 0.0

160.0 806.5 142.1 0.0

165.3 849.7 129.2 0.0

123.5 974.1 182.0 0.0

113.5 1004.5 183.4 0.0

112.4 989.3 197.6 0.0

103.3 986.6 169.2 0.0

100.9 925.9 172.2 0.0

72.8 907.6 164.5 1.5

12 13 14 15

11.6 539.2 14.5 179.6 345.2

13.2 666.4 30.7 202.8 432.9

15.0 719.6 21.8 257.7 440.1

17.1 702.7 38.8 312.2 351.7

19.3 713.3 42.6 338.5 332.2

21.8 648.1 27.0 321.4 299.7

22.5 659.0 38.0 328.7 292.3

23.2 651.9 46.9 319.9 285.1

23.9 666.6 62.7 326.8 277.0

24.6 656.7 46.2 313.5 297.0

25.3 654.6 50.4 303.6 300.7

16 17 18 19 20

89.8

79.0

74.1

85.3

106.0

122.9

124.9

121.9

118.5

111.1

101.8

21


80

Z.1, June 11, 2009

L.128 Real Estate Investment Trusts (REITs) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2

Checkable deposits and currency

3

Credit market instruments

2003

2004

2005

2006

2007

2008 Q1

Q2

Q3

Q4

2009 Q1

100.5

134.9

251.3

305.3

344.0

316.7

300.7

301.8

294.8

256.2

254.9

1

5.4

9.2

12.2

13.6

18.4

16.6

19.4

18.0

22.2

18.5

17.5

2

70.1

96.4

198.7

239.7

265.8

244.7

224.0

224.1

211.3

183.0

177.7

3

4 5

Agency- and GSE-backed securities Corporate and foreign bonds

31.8 10.4

28.9 18.9

44.7 36.0

40.6 53.0

65.4 64.6

88.9 34.4

92.3 23.4

99.4 21.6

93.2 20.1

90.6 14.5

95.1 14.1

4 5

6 7 8 9

Mortgages Home Multifamily residential Commercial

28.0 18.7 1.3 8.1

48.7 37.1 1.5 10.1

118.1 102.9 1.6 13.6

146.1 127.4 1.9 16.8

135.8 103.7 5.0 27.1

121.3 79.2 5.2 37.0

108.3 65.9 5.2 37.2

103.1 61.0 5.0 37.1

98.0 56.5 4.4 37.1

77.9 38.7 3.9 35.3

68.5 31.4 3.7 33.4

6 7 8 9

10

25.0

29.3

40.4

51.9

59.7

55.4

57.2

59.7

61.3

54.7

59.7

10

11

Total liabilities

275.4

314.6

460.8

533.7

571.3

578.7

559.0

553.6

546.7

517.6

500.3

11

12

Security RPs

36.2

41.6

70.3

83.5

97.9

91.7

89.9

91.7

89.7

80.7

83.5

12

13

Credit market instruments

198.4

230.7

340.1

395.5

411.0

421.2

403.8

398.2

391.3

374.7

365.5

13

0.0 83.3 18.1 97.0

0.0 107.1 17.8 105.9

0.0 183.8 24.9 131.4

0.0 216.7 33.3 145.5

0.0 230.6 28.4 152.1

0.0 231.3 33.2 156.7

0.0 207.7 34.2 161.8

0.0 207.5 29.5 161.2

0.0 196.2 32.4 162.7

0.0 178.3 32.9 163.5

0.0 170.8 30.7 164.0

14 15 16 17

40.8

42.3

50.4

54.7

62.4

65.8

65.3

63.7

65.7

62.2

51.4

18

14.8 0.0 13.2 0.1 1.4

30.3 0.0 28.9 0.1 1.3

89.9 0.0 86.8 0.1 3.1

107.3 0.0 102.5 0.1 4.7

110.0 0.0 92.7 0.4 17.0

92.1 0.0 72.4 0.4 19.3

72.2 0.0 56.5 0.4 15.3

67.4 0.0 51.5 0.4 15.4

60.8 0.0 45.9 0.4 14.5

52.5 0.0 38.8 0.4 13.2

49.3 0.0 36.3 0.4 12.7

19 20 21 22 23

14 15 16 17 18

19 20 21 22 23

Miscellaneous assets

Open market paper Corporate bonds Bank loans n.e.c. Mortgages Miscellaneous liabilities Memo: Securitized assets included above Agency- and GSE-backed securities Home mortgages Multifamily residential mortgages Commercial mortgages


81

Z.1, June 11, 2009

L.129 Security Brokers and Dealers Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total financial assets

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1613.0

1844.9

2127.1

2741.7

3092.0

3244.2

2957.9

3001.9

2217.2

1912.6

1

44.2

47.2

62.9

56.5

80.5

105.0

122.4

115.6

161.9

120.1

104.2

2

Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances

344.4 43.5 -3.9 91.8 21.0 183.1 8.9

424.1 49.4 37.8 83.7 24.9 219.3 9.0

394.9 48.0 -44.6 107.3 32.0 238.0 14.2

477.2 60.2 -64.6 101.0 42.9 315.7 22.0

583.4 64.3 -67.0 138.0 50.9 360.5 36.7

803.1 87.1 -60.0 290.2 50.1 383.1 52.5

864.3 107.5 -23.7 298.1 66.1 361.2 55.1

691.8 102.9 -93.3 311.2 51.8 262.0 57.2

820.8 153.9 -9.2 350.0 61.9 201.7 62.3

717.4 65.7 190.6 242.6 38.7 117.0 62.7

604.5 47.9 113.8 252.0 38.9 88.6 63.3

3 4 5 6 7 8 9

Corporate equities Security credit Miscellaneous assets

74.9 148.2 723.7

100.5 182.5 858.8

129.1 264.0 994.0

158.3 232.4 1202.6

186.4 292.1 1599.4

224.8 325.5 1633.7

180.1 365.3 1712.1

189.6 291.5 1669.4

160.6 402.3 1456.2

109.2 164.8 1105.7

76.1 133.7 994.1

10 11 12

1272.7

1540.1

1777.8

2052.6

2668.0

3039.4

3192.3

2900.4

2948.5

2146.3

1838.1

13

344.2

490.4

526.9

733.6

1071.8

1147.3

1196.7

971.5

751.9

586.9

418.7

14

40.6 40.6 0.0

47.0 47.0 0.0

62.2 62.2 0.0

62.4 62.4 0.0

68.8 68.8 0.0

64.8 64.8 0.0

120.1 80.4 39.7

85.9 84.5 1.5

276.7 76.9 199.7

142.6 97.1 45.5

102.6 82.2 20.4

15 16 17

37.4 590.6 412.7 177.9 1.3

28.2 676.3 475.4 200.9 1.8

36.0 774.2 578.3 195.8 2.2

43.1 806.0 575.3 230.7 2.1

48.3 957.8 655.7 302.2 2.8

45.8 1200.9 866.4 334.5 2.2

43.5 1281.7 984.5 297.2 2.0

39.1 1273.4 992.1 281.4 2.6

34.4 1282.9 998.6 284.3 2.5

21.2 963.6 742.7 221.0 2.5

47.8 874.0 657.4 216.5 2.9

18 19 20 21 22

258.5 35.4 454.8 -231.6

296.4 37.4 481.8 -222.8

376.4 49.6 531.1 -204.4

405.5 49.9 670.1 -314.5

518.5 59.9 719.8 -261.3

578.4 82.7 682.5 -186.8

548.3 83.3 681.6 -216.6

527.8 83.9 726.2 -282.2

600.2 84.5 760.2 -244.4

429.5 60.2 777.1 -407.8

392.1 60.8 1391.6 -1060.3

23 24 25 26

1

Checkable deposits and currency

3 4 5 6 7 8 9

13

2004

1335.4

2

10 11 12

2003

Total liabilities

14

Security RPs (net)

15 16 17

Credit market instruments Corporate bonds Bank loans n.e.c. (1)

18 19 20 21 22

Trade payables Security credit Customer credit balances (HH) From banks Taxes payable

23 24 25 26

Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

L.130 Funding Corporations (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total financial assets

2

Money market fund shares

3

Security RPs

4

Credit market instruments

5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Open market paper Corporate and foreign bonds Other loans and advances Miscellaneous assets (2) Investment in foreign banking offices Investment in brokers and dealers Total liabilities Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. (3) Other loans and advances (4) Miscellaneous liabilities Foreign direct investment in U.S. Securities loaned (net) Other (net)

1082.6

1063.4

1081.6

1244.0

1322.6

1650.7

1956.6

2093.3

2194.0

2711.2

2653.8

420.4

362.9

275.6

310.6

313.5

571.9

732.6

693.5

675.4

835.6

824.5

2

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.1

3

130.1

157.8

203.7

251.5

286.9

244.1

394.0

565.5

710.0

991.8

926.2

4

65.5 56.4 8.2

39.2 111.3 7.3

99.9 96.8 7.0

173.5 67.5 10.6

209.8 60.4 16.8

53.5 170.0 20.6

105.5 267.2 21.3

159.2 384.5 21.8

130.3 556.7 23.1

301.4 667.3 23.1

235.0 667.9 23.3

5 6 7

532.1 127.3 404.8

542.7 134.7 408.0

602.2 167.7 434.5

681.9 188.8 493.1

722.2 197.3 524.9

834.7 241.0 593.7

830.0 240.4 589.6

834.2 237.3 596.9

808.6 192.6 616.0

883.9 276.6 607.3

903.0 269.3 633.6

8 9 10

1082.6

1063.4

1081.6

1244.0

1322.6

1650.7

1956.6

2093.3

2194.0

2711.2

2653.8

11

521.2

518.1

515.1

619.9

648.2

786.4

777.6

780.5

799.3

1252.9

1165.6

12

231.1 290.1 0.0 0.0

212.5 305.5 0.0 0.0

197.4 317.7 0.0 0.0

274.5 345.3 0.0 0.0

281.2 367.0 0.0 0.0

368.0 418.5 0.0 0.0

366.3 411.3 0.0 0.0

336.1 415.6 28.8 0.0

277.6 431.6 90.1 0.0

388.0 419.9 444.9 0.0

358.6 443.2 363.7 0.1

13 14 15 16

561.4 7.3 575.4 -21.3

545.3 7.6 678.0 -140.2

566.4 7.8 764.8 -206.2

624.2 8.4 939.7 -324.0

674.4 9.0 1242.3 -576.9

864.2 10.2 1240.2 -386.2

1179.0 10.5 1369.1 -200.6

1312.8 10.7 1359.7 -57.6

1394.8 10.7 1136.9 247.2

1458.4 11.7 887.0 559.7

1488.2 12.4 794.7 681.1

17 18 19 20

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, and Federal Reserve lending facilities. (2) Due from affiliated companies. (3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG). (4) Loans extended by the federal government to TALF LLC.


82

Z.1, June 11, 2009

L.200 Gold and Official Foreign Exchange Holdings (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007

2008 Q1

1 2 3 4 5 6 7 8 9 10 11

Total U.S. reserves U.S. gold stock and SDRs Federal govt.: Exchange Stab. Fund Monetary authority (2) U.S. foreign exchange position

Q2

Q3

2009 Q1

Q4

79.0

85.9

86.8

65.1

65.9

70.6

75.8

75.7

71.8

77.6

75.0

1

23.2

23.7

24.6

19.3

19.9

20.5

20.9

20.9

20.5

20.4

20.1

2

12.2 11.0

12.6 11.0

13.6 11.0

8.2 11.0

8.9 11.0

9.5 11.0

9.9 11.0

9.9 11.0

9.4 11.0

9.3 11.0

9.1 11.0

3 4

55.8

62.3

62.2

45.9

46.0

50.0

54.8

54.9

51.4

57.3

54.8

5

Official foreign currency holdings Treasury Monetary authority

33.8 16.9 16.9

39.7 19.9 19.9

42.7 21.4 21.4

37.8 18.9 18.9

40.9 20.5 20.5

45.8 22.5 23.3

50.5 24.9 25.6

49.6 23.8 25.8

46.6 23.3 23.3

49.6 24.8 24.8

46.6 23.0 23.6

6 7 8

Net IMF position Federal government Monetary authority

22.0 22.1 -0.1

22.5 22.7 -0.1

19.5 19.6 -0.1

8.0 8.1 -0.1

5.0 5.2 -0.1

4.2 4.4 -0.1

4.3 4.4 -0.1

5.2 5.4 -0.1

4.8 4.8 -0.1

7.7 7.8 -0.1

8.2 8.3 -0.1

9 10 11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which occurred at various dates beginning January 1970. Also included in the table are revaluations of foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows. (2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency Billions of dollars; amounts outstanding end of period, not seasonally adjusted SDR certificates: 1 2

Liab: Federal government Asset: Monetary authority

2.2 2.2

2.2 2.2

2.2 2.2

2.2 2.2

2.2 2.2

2.2 2.2

2.2 2.2

2.2 2.2

2.2 2.2

2.2 2.2

2.2 2.2

1 2

Treasury currency: 3 4

Liab: Federal government Asset: Monetary authority

25.5 34.6

26.0 35.5

26.7 36.4

27.5 36.5

28.1 38.2

28.7 38.7

28.5 38.7

28.4 38.7

28.1 38.7

27.9 38.7

27.9 42.3

3 4

5

Discrepancy (seigniorage)

-9.1

-9.5

-9.7

-9.1

-10.1

-9.9

-10.2

-10.3

-10.6

-10.8

-14.4

5

L.202 U.S. Deposits in Foreign Countries Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

2 3 4 5

Total rest of the world liability Held by: Household sector Nonfinancial corporate business Money market mutual funds Discrepancy--unallocated assets

831.1

867.1

957.0

997.8

1085.8

1302.5

1208.6

1116.0

1044.9

1011.9

990.8

1

49.9 20.6 108.1

52.1 38.1 71.5

57.5 53.7 78.5

59.9 60.6 94.7

65.2 49.3 84.1

78.2 50.8 127.3

72.6 48.8 143.8

67.0 48.1 141.4

62.8 36.7 146.0

60.8 31.1 129.3

59.5 38.6 79.7

2 3 4

652.5

705.3

767.2

782.5

887.1

1046.2

943.4

859.4

799.4

790.7

812.9

5


83

Z.1, June 11, 2009

L.203 Net Interbank Transactions Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007

2008 Q1

1

Total liabilities

2 3 4

Monetary authority Depository institution reserves Vault cash

5 6

Commercial banking To monetary authority

7

To banks in foreign countries, net

Q2

Q3

Q4

2009 Q1

206.0

193.0

212.2

201.3

190.0

89.2

34.7

119.2

504.1

1519.0

1304.0

1

70.4 22.5 47.8

71.0 23.1 48.0

65.6 24.0 41.5

69.1 19.0 50.1

70.4 18.7 51.7

75.8 20.8 55.0

69.6 24.2 45.4

79.2 33.5 45.7

270.0 222.1 48.0

917.7 860.0 57.7

855.7 805.2 50.5

2 3 4

135.7 0.5

122.0 -0.3

146.6 1.0

132.2 1.0

119.6 -0.3

13.4 48.6

-34.9 110.7

40.0 173.6

234.1 299.1

601.3 558.2

448.3 542.4

5 6

119.7

109.6

118.3

106.0

96.7

-56.9

-160.9

-142.5

-14.2

315.2

146.4

7

8 9 10 11

Liabilities, net U.S.-chartered commercial banks Due to foreign affiliates - Due from foreign affiliates

141.1 213.1 323.9 110.8

128.5 256.7 433.6 176.9

142.4 317.4 467.4 150.0

117.7 320.9 487.7 166.8

108.7 432.3 586.4 154.2

-38.4 496.1 650.7 154.6

-138.6 470.7 653.7 183.0

-123.3 548.1 631.4 83.3

4.0 542.9 694.2 151.3

339.9 688.4 781.9 93.4

165.0 578.0 722.3 144.3

8 9 10 11

12 13 14

Foreign banking offices in U.S. Due to foreign affiliates - Due from foreign affiliates

-83.0 176.2 259.3

-95.2 197.4 292.6

-167.4 274.3 441.8

-176.0 333.9 509.9

-255.2 524.5 779.7

-423.8 529.0 952.9

-493.8 523.3 1017.1

-541.7 471.8 1013.5

-432.2 471.3 903.5

-180.9 534.5 715.4

-251.6 514.1 765.6

12 13 14

15 16 17

Bank holding companies Due to foreign affiliates - Due from foreign affiliates

11.1 53.4 42.4

-33.1 13.2 46.3

-7.5 33.0 40.5

-27.1 42.2 69.4

-68.4 19.7 88.1

-110.6 51.6 162.2

-115.5 55.2 170.7

-129.8 60.9 190.6

-106.6 44.0 150.7

-167.6 44.6 212.2

-161.4 38.4 199.9

15 16 17

21.4 21.3 0.1

18.9 18.7 0.1

24.1 23.6 0.5

11.7 11.0 0.7

12.0 11.9 0.1

18.6 17.9 0.7

22.3 20.0 2.3

19.2 18.3 0.9

18.3 17.6 0.7

24.7 24.5 0.3

18.7 18.4 0.3

18 19 20

15.5

12.7

27.3

25.2

23.2

21.7

15.3

9.0

-50.8

-272.1

-240.5

21

0.3 76.0 58.8 1.7 15.5

-53.1 86.0 71.7 1.6 12.7

-20.3 119.3 90.1 1.8 27.3

-18.4 109.6 83.0 1.4 25.2

-55.0 122.4 97.8 1.3 23.2

-23.8 135.6 113.3 0.7 21.7

-51.0 138.9 123.2 0.3 15.3

-59.7 111.1 101.8 0.3 9.0

-112.8 62.5 113.0 0.3 -50.8

-336.4 -205.7 65.8 0.5 -272.1

-369.0 -170.8 54.6 15.1 -240.5

22 23 24 25 26

90.3 -14.7

98.1 41.0

122.3 17.4

117.9 10.0

140.0 37.4

133.7 25.7

171.5 18.4

139.0 31.7

114.8 60.5

82.1 48.6

72.0 126.2

27 28

31.5 90.3 58.8

26.4 98.1 71.7

32.1 122.3 90.1

34.9 117.9 83.0

42.2 140.0 97.8

20.4 133.7 113.3

48.3 171.5 123.2

37.2 139.0 101.8

1.8 114.8 113.0

16.2 82.1 65.8

17.4 72.0 54.6

29 30 31

-16.4 -14.7 1.7

39.4 41.0 1.6

15.5 17.4 1.8

8.6 10.0 1.4

36.0 37.4 1.3

25.0 25.7 0.7

18.0 18.4 0.3

31.4 31.7 0.3

60.2 60.5 0.3

48.1 48.6 0.5

111.1 126.2 15.1

32 33 34

190.5

180.3

184.9

176.1

166.8

67.5

19.4

110.2

554.9

1791.1

1544.5

35

119.7

109.6

118.3

106.0

96.7

-56.9

-160.9

-142.5

-14.2

315.2

146.4

36

70.8

70.8

66.5

70.1

70.1

124.4

180.3

252.8

569.1

1475.9

1398.1

37

0.5 0.4 0.0

-0.3 -0.3 0.1

1.0 0.9 0.0

1.0 0.9 0.1

-0.3 -0.3 0.1

48.6 -0.0 48.6

110.7 -0.6 111.3

173.6 -0.6 174.2

299.1 -1.0 300.1

558.2 -1.5 559.7

542.4 -3.1 545.5

38 39 40

67.5 19.7 47.8

67.6 19.7 48.0

62.3 20.8 41.5

66.4 16.3 50.1

68.4 16.7 51.7

73.2 18.2 55.0

67.2 21.7 45.4

76.6 30.9 45.7

266.6 218.6 48.0

895.2 837.5 57.7

808.4 758.0 50.5

41 42 43

2.8 0.0

3.4 0.0

3.3 0.0

2.7 0.0

2.0 0.0

2.6 0.0

1.9 0.6

2.0 0.6

2.5 0.9

18.7 3.8

29.8 17.4

44 45

15.5

12.7

27.3

25.2

23.2

21.7

15.3

9.0

-50.8

-272.1

-240.5

46

18 19 20 21 22 23 24 25 26

27 28

Less: Deposits at foreign banks U.S. chartered commercial banks Foreign banking offices in U.S. To U.S. banking, net U.S.-chartered commercial banks Liabilities To foreign offices in U.S. To bank holding companies Unallocated Less, due from: Foreign offices in U.S. Bank holding companies

29 30 31

Foreign banking offices in U.S. Due to U.S. banks - Due from U.S. banks

32 33 34

Bank holding companies Due to U.S. banks - Due from U.S. banks

35

Total assets

36

Rest of the world

37

Domestic

38 39 40

Monetary authority Federal Reserve float Loans to member banks

41 42 43

Commercial banking Reserves at Federal Reserve Vault cash

44 45

Savings insts.: Reserves at Fed. Res. Credit unions: Reserves at Fed. Res.

46

Discrepancy--floats, etc.


84

Z.1, June 11, 2009

L.204 Checkable Deposits and Currency Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1353.0

1437.4

1522.8

1527.2

1507.3

1531.3

1520.1

1532.2

1940.1

2100.1

1968.9

1

Monetary authority Federal government cash and deposits Due to government-sponsored enterprises Deposits due to foreign Currency outside banks

645.7 4.8 1.1 0.1 639.7

683.0 6.0 0.6 0.2 676.2

720.8 6.2 1.1 0.1 713.3

750.8 4.8 2.0 0.1 743.9

774.3 5.0 0.8 0.1 768.5

792.1 16.4 1.7 0.1 773.9

775.9 5.9 0.1 0.1 769.8

786.3 5.3 0.1 0.2 780.7

1149.3 332.7 26.2 0.1 790.3

1220.3 365.7 21.1 1.4 832.2

1142.6 267.4 20.9 1.2 853.2

2 3 4 5 6

7 8 9 10

Commercial banking Federal government deposits Deposits due to foreign Private domestic deposits

571.5 31.1 25.2 515.3

607.2 30.2 4.1 573.0

646.7 26.9 13.2 606.6

610.3 33.9 19.7 556.8

574.4 28.0 28.8 517.6

586.0 42.9 34.1 509.0

588.7 42.9 37.2 508.6

585.0 50.2 33.5 501.3

637.2 41.5 42.7 553.1

727.9 3.5 58.4 666.0

666.6 4.3 40.6 621.6

7 8 9 10

11 12

Savings institutions Credit unions

75.3 60.5

80.7 66.5

81.2 74.1

85.0 81.1

85.9 72.6

79.4 73.7

76.7 78.8

83.9 77.0

79.0 74.5

76.6 75.3

76.4 83.3

11 12

1353.0

1437.4

1522.8

1527.2

1507.3

1531.3

1520.1

1532.2

1940.1

2100.1

1968.9

13

2 3 4 5 6

13

Total liabilities

2003

Total assets

14

Household sector

414.5

399.1

370.3

256.8

236.4

156.4

105.7

79.2

45.7

248.7

230.6

14

15 16 17 18

Nonfinancial business Corporate Nonfarm noncorporate Farm

328.7 141.1 167.1 20.6

385.0 190.9 172.9 21.2

459.9 178.4 259.2 22.3

598.5 252.4 323.1 22.9

540.4 133.8 381.6 25.0

594.8 132.1 435.8 26.8

606.5 134.7 444.7 27.1

600.5 124.5 448.6 27.4

619.9 140.2 452.0 27.7

575.1 94.9 452.2 28.0

593.0 119.9 445.1 28.0

15 16 17 18

19 20

State and local governments Federal government

41.5 47.5

48.4 54.1

42.2 21.9

52.5 36.8

57.7 32.9

56.1 56.5

51.1 42.9

51.2 53.8

51.1 372.2

65.4 368.0

60.8 272.0

19 20

21 22 23

Rest of the world Checkable deposits Currency

273.4 25.3 248.1

262.9 4.2 258.7

285.3 13.3 272.0

300.1 19.7 280.4

311.6 28.9 282.6

306.1 34.2 272.0

316.0 37.3 278.7

312.6 33.7 278.9

327.6 42.8 284.8

374.4 59.8 314.6

368.2 41.8 326.5

21 22 23

24

Financial sectors

238.2

284.9

312.0

261.5

316.8

348.3

380.8

423.2

513.6

454.7

433.6

24

25 26 27

Commercial banking Savings institutions Credit unions

2.5 24.8 38.4

2.5 24.8 41.5

3.5 21.3 40.2

3.0 23.7 38.1

2.9 20.4 44.4

2.3 20.0 43.3

2.3 24.6 60.5

2.3 22.8 47.9

2.4 22.6 36.8

3.0 23.0 38.5

4.3 24.0 43.9

25 26 27

28 29 30 31

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds

25.9 35.3 10.2 12.9

34.6 47.3 10.4 13.7

25.9 53.3 10.5 16.3

21.0 47.7 10.8 15.8

29.9 56.1 11.2 14.1

42.7 58.3 11.8 16.6

41.8 63.1 11.8 16.7

40.6 71.8 11.8 16.6

43.4 73.9 14.3 16.5

27.9 82.8 12.3 16.5

26.5 70.6 12.2 16.4

28 29 30 31

32 33 34 35 36

Money market mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers

-1.4 14.8 25.2 5.4 44.2

-2.1 28.8 27.1 9.2 47.2

0.6 39.1 26.3 12.2 62.9

-0.9 14.6 17.4 13.6 56.5

6.7 16.4 15.8 18.4 80.5

1.9 13.7 16.2 16.6 105.0

-9.9 11.1 17.0 19.4 122.4

0.5 58.3 16.9 18.0 115.6

8.8 94.2 16.7 22.2 161.9

7.5 88.3 16.5 18.5 120.1

12.7 84.1 17.0 17.5 104.2

32 33 34 35 36

9.2

2.9

31.2

21.0

11.4

13.1

17.1

11.6

10.1

13.8

10.8

37

37

Mail float


85

Z.1, June 11, 2009

L.205 Time and Savings Deposits Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007

2008 Q1

1 2

Total liabilities Small time and savings deposits

Q2

Q3

Q4

2009 Q1

4866.9

5230.1

5789.9

6388.8

6997.0

7609.3

7847.4

7837.5

7924.9

7943.2

8066.8

1

3695.9

4003.3

4284.9

4599.3

4946.3

5226.4

5385.5

5418.2

5536.5

5751.1

5910.4

2

2747.6 2722.0 9.4 16.2

2979.2 2951.6 10.2 17.5

3259.8 3231.3 9.5 19.0

3528.1 3494.2 10.0 23.9

3815.7 3771.9 18.6 25.2

4079.5 4027.0 25.5 27.0

4195.7 4137.5 31.6 26.7

4190.7 4133.8 29.4 27.5

4407.5 4356.7 22.1 28.7

4620.7 4567.2 25.6 27.9

4752.0 4699.2 26.2 26.6

3 4 5 6

3 4 5 6

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas

7 8

Savings institutions Credit unions

551.9 396.4

599.1 424.9

584.7 440.4

618.7 452.5

647.6 483.0

638.2 508.7

658.0 531.8

686.4 541.2

589.7 539.3

578.6 551.7

583.0 575.4

7 8

9

Large time deposits (1)

1171.0

1226.8

1505.1

1789.5

2050.8

2382.9

2461.9

2419.4

2388.3

2192.2

2156.4

9

10 11 12 13

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas

915.3 552.7 346.4 16.2

928.1 555.7 354.9 17.5

1120.6 671.3 430.3 19.0

1363.7 838.1 501.7 23.9

1627.7 968.0 634.5 25.2

1926.0 991.1 907.9 27.0

1990.8 1009.9 954.2 26.7

1974.1 963.1 983.6 27.5

2043.5 1077.6 937.2 28.7

1828.3 1015.6 784.7 27.9

1765.6 977.5 761.5 26.6

10 11 12 13

14 15

Savings institutions Credit unions

212.9 42.8

245.1 53.6

324.5 60.0

363.3 62.5

358.0 65.0

387.1 69.9

396.6 74.5

369.6 75.6

274.9 69.9

293.5 70.4

312.5 78.3

14 15

4866.9

5230.1

5789.9

6388.8

6997.0

7609.3

7847.4

7837.5

7924.9

7943.2

8066.8

16

3618.3

3939.0

4410.6

4887.6

5363.0

5796.1

5933.7

5900.4

6007.4

5974.2

6027.5

17

16

Total assets

17

Household sector

18 19 20

Nonfinancial business Corporate Nonfarm noncorporate

560.5 291.3 269.2

676.6 362.8 313.8

718.4 400.5 318.0

801.9 450.4 351.6

880.0 497.0 383.0

895.6 443.2 452.4

890.3 424.9 465.4

883.2 408.9 474.3

898.5 414.9 483.7

865.9 382.0 483.9

841.3 364.5 476.8

18 19 20

21 22 23

State and local governments Federal government Rest of the world

138.7 27.6 143.3

159.0 2.4 115.0

170.6 2.4 149.2

183.3 1.4 155.9

209.5 1.7 167.4

245.7 2.8 207.6

246.8 3.8 229.1

242.6 1.8 232.1

246.3 2.9 227.2

264.8 1.6 252.1

277.5 1.7 227.8

21 22 23

24

Financial sectors

378.6

338.0

338.8

358.7

375.5

461.4

543.6

577.5

542.7

584.7

690.9

24

25 26

Savings institutions Credit unions

2.6 24.6

2.6 27.1

3.2 26.4

2.7 21.9

6.6 17.0

9.9 17.0

10.2 22.7

11.7 25.8

12.0 25.3

14.3 28.3

15.7 33.4

25 26

27 28

Private pension funds State and local govt. retirement funds

57.5 1.7

60.7 0.8

55.9 1.4

62.2 1.3

63.1 0.9

67.7 1.0

68.0 1.0

66.7 1.0

68.1 1.0

67.9 1.0

68.2 1.0

27 28

29 30 31

Money market mutual funds Government-sponsored enterprises Finance companies

220.2 25.3 46.8

166.8 16.7 63.2

167.2 23.3 61.3

183.0 35.3 52.2

206.7 33.9 47.4

270.6 46.6 48.6

349.7 41.1 50.9

368.5 53.0 50.7

331.7 54.5 50.0

355.2 68.5 49.4

458.1 63.4 51.1

29 30 31

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 2 3 4 5 6 7 8 9 10

Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Life insurance companies Private pension funds State and local govt. retirement funds Funding corporations

2223.9

2016.4

1879.8

2006.9

2312.1

3033.1

3382.5

3318.3

3355.3

3757.3

3738.7

1

1071.7 335.7 61.3 58.7 16.3

960.2 299.0 63.6 62.7 18.8

904.1 324.3 69.2 66.6 22.9

949.2 366.5 73.9 71.7 23.0

1114.5 433.4 80.5 78.5 25.5

1346.8 564.1 97.6 83.5 32.9

1458.0 619.4 99.9 83.2 35.0

1393.8 651.6 101.3 82.9 37.1

1446.3 647.3 102.6 83.2 39.2

1582.1 735.7 102.6 85.6 41.4

1563.1 747.5 101.1 82.4 43.5

2 3 4 5 6

159.8 84.5 15.5 420.4

151.4 84.3 13.4 362.9

120.7 84.9 11.6 275.6

113.6 86.7 11.7 310.6

162.3 90.1 13.8 313.5

226.6 93.5 16.2 571.9

244.0 94.1 16.3 732.6

247.0 94.8 16.2 693.5

249.8 95.3 16.1 675.4

259.8 95.7 18.8 835.6

263.5 96.1 17.1 824.5

7 8 9 10


86

Z.1, June 11, 2009

L.207 Federal Funds and Security Repurchase Agreements Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1118.3

1331.8

1417.6

1725.2

2128.2

2138.0

2140.6

1866.7

1634.4

1255.3

1054.8

1

2 3 4 5 6

Monetary authority Commercial banking (net) U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies

21.1 675.2 510.7 163.4 1.2

25.7 713.2 553.4 157.7 2.1

30.8 726.4 568.0 157.5 0.8

30.5 816.6 625.0 190.9 0.6

29.6 887.1 646.4 239.9 0.8

44.0 837.4 610.3 226.3 0.8

44.1 807.0 591.6 214.7 0.6

43.8 756.7 559.4 196.9 0.4

77.9 714.2 534.4 179.9 -0.1

88.4 481.7 351.3 130.0 0.4

70.6 462.6 356.0 134.3 -27.8

2 3 4 5 6

7 8 9

Savings institutions REITs Brokers and dealers (net)

41.6 36.2 344.2

60.9 41.6 490.4

63.3 70.3 526.9

61.0 83.5 733.6

41.8 97.9 1071.8

17.6 91.7 1147.3

3.0 89.9 1196.7

3.0 91.7 971.5

0.7 89.7 751.9

17.6 80.7 586.9

19.5 83.5 418.7

7 8 9

913.0

1166.2

1393.0

1610.8

2020.6

2364.8

2369.9

2223.3

2126.3

1757.1

1708.8

10

10

Total liabilities

2003

Total assets

11 12 13

Nonfinancial corporate business State and local governments Rest of the world

6.2 115.6 190.1

6.0 123.5 460.2

6.4 131.2 665.1

14.6 141.2 713.3

15.5 154.6 1029.0

8.1 164.3 1109.1

5.2 163.8 1104.8

6.2 158.5 989.0

2.9 136.5 896.0

5.4 148.9 577.8

6.4 138.9 583.0

11 12 13

14 15 16 17

Financial sectors Monetary authority Savings institutions Credit unions (net)

601.1 39.5 20.0 1.7

576.6 43.8 12.3 1.6

590.3 33.0 9.1 4.1

741.8 46.8 9.0 6.7

821.5 40.8 18.3 5.1

1083.3 46.5 45.6 2.5

1096.1 76.0 39.1 3.2

1069.7 114.5 32.0 1.2

1090.9 83.0 28.6 -3.4

1025.0 80.0 34.7 -2.3

980.6 0.0 29.5 -0.5

14 15 16 17

18 19 20 21 22 23 24

Property-casualty insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises (net) Funding corporations

44.4 18.3 27.1 273.4 81.6 95.3 0.0

52.8 20.3 23.4 252.6 94.5 75.3 0.0

63.1 20.6 20.2 234.0 112.6 93.6 0.0

68.9 21.6 19.7 346.0 115.4 107.7 0.0

66.0 22.4 24.0 394.6 132.8 117.4 0.0

53.8 25.8 28.3 605.9 132.2 142.7 0.0

63.4 26.4 28.5 591.6 136.0 131.8 0.0

61.9 22.2 28.3 518.1 149.6 141.9 0.0

57.0 23.8 28.1 591.8 144.1 138.0 0.0

67.1 33.1 30.7 542.4 124.7 114.5 0.0

67.3 32.8 29.1 561.5 101.4 159.4 0.1

18 19 20 21 22 23 24

205.3

165.6

24.6

114.3

107.6

-226.8

-229.3

-356.6

-491.9

-501.8

-654.1

25

25

Discrepancy--unallocated assets

L.208 Open Market Paper Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

1374.9

1292.9

1399.1

1644.2

1958.0

1788.6

1784.6

1748.4

1554.8

1599.3

1423.9

1

1370.3

1288.6

1395.0

1640.1

1957.5

1788.1

1784.2

1748.0

1554.8

1599.3

1423.9

2

Nonfinancial corporate business Foreign issues in U.S. Nonfinancial Financial

119.8 257.2 19.3 237.9

82.5 276.1 15.5 260.6

97.8 345.3 13.3 332.0

90.1 384.0 29.0 355.0

112.5 482.3 27.0 455.3

123.8 413.0 29.0 384.0

140.0 460.3 20.7 439.7

139.8 470.6 28.5 442.1

146.5 401.1 31.3 369.8

131.5 342.0 49.7 292.3

106.9 344.8 42.8 302.0

3 4 5 6

7 8 9 10 11 12

Financial business Commercial banking ABS issuers Finance companies REITs Funding corporations

993.3 48.3 566.1 147.8 0.0 231.1

930.0 42.3 530.0 145.1 0.0 212.5

951.9 53.1 526.1 175.3 0.0 197.4

1166.1 57.1 674.4 160.0 0.0 274.5

1362.7 78.8 837.4 165.3 0.0 281.2

1251.3 116.7 643.1 123.5 0.0 368.0

1183.9 115.7 588.4 113.5 0.0 366.3

1137.6 130.3 558.9 112.4 0.0 336.1

1007.2 115.8 510.5 103.3 0.0 277.6

1125.8 77.7 559.3 100.9 0.0 388.0

972.2 56.1 484.7 72.8 0.0 358.6

7 8 9 10 11 12

13

Bankers acceptances (1)

4.6

4.4

4.1

4.1

0.5

0.5

0.4

0.3

0.0

0.0

0.0

13

1374.9

1292.9

1399.1

1644.2

1958.0

1788.6

1784.6

1748.4

1554.8

1599.3

1423.9

14

110.4 64.8 151.3 126.6

105.9 75.7 161.6 192.8

136.1 95.0 171.7 229.8

164.2 111.0 184.8 239.6

187.7 122.7 202.4 287.6

149.7 69.7 195.2 278.1

117.5 24.3 178.4 280.8

82.7 24.4 174.0 276.8

39.1 12.0 154.7 253.3

10.4 12.4 123.8 232.9

7.3 12.0 117.6 220.8

15 16 17 18

0.0 0.0 0.0 1.5

0.0 0.0 0.0 0.7

0.0 0.0 0.0 0.8

0.0 0.0 0.0 0.8

0.0 0.0 0.0 1.0

0.0 0.0 0.0 0.4

0.0 0.0 0.0 2.7

0.0 0.0 0.0 0.7

0.0 100.0 0.0 0.0

0.0 15.7 0.0 0.0

0.0 4.5 0.0 0.0

19 20 21 22

74.0 30.7 48.0

55.9 27.5 41.6

48.2 28.5 35.2

40.2 31.5 35.2

53.1 31.7 42.6

61.4 26.9 50.3

69.0 28.6 50.6

65.8 29.0 50.3

56.2 20.3 44.6

89.7 37.2 33.9

92.6 38.7 28.6

23 24 25

585.2 63.1 10.4 43.5 65.5

459.9 76.2 6.7 49.4 39.2

405.8 94.2 5.8 48.0 99.9

492.2 97.1 13.8 60.2 173.5

608.3 114.5 32.4 64.3 209.8

674.6 114.1 27.7 87.1 53.5

662.3 117.7 39.6 107.5 105.5

642.2 131.2 9.2 102.9 159.2

494.8 89.0 6.6 153.9 130.3

618.5 51.6 6.1 65.7 301.4

578.7 29.9 10.2 47.9 235.0

26 27 28 29 30

2 3 4 5 6

14

Total outstanding, all types Commercial paper

Holdings, by sector

15 16 17 18

Household sector Nonfinancial corporate business State and local governments Rest of the world

19 20 21 22

Monetary authority Commercial banking (1) Savings institutions Credit unions

23 24 25

Life insurance companies Private pension funds State and local govt. retirement funds

26 27 28 29 30

Money market mutual funds Mutual funds Government-sponsored enterprises Brokers and dealers Funding corporations

(1) Excludes banks’ holdings of own acceptances.


87

Z.1, June 11, 2009

L.209 Treasury Securities Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

3609.8

4008.2

4370.7

4678.0

4861.7

5099.2

5299.1

5250.6

5777.5

6338.2

6804.4

1

194.9 3414.9

203.8 3804.4

204.4 4166.3

205.1 4472.9

202.4 4659.4

196.4 4902.8

195.3 5103.8

194.9 5055.7

194.2 5583.4

194.0 6144.2

193.9 6610.5

2 3

3609.8

4008.2

4370.7

4678.0

4861.7

5099.2

5299.1

5250.6

5777.5

6338.2

6804.4

4

Household sector Savings bonds Other Treasury issues

285.3 194.9 90.4

438.6 203.8 234.8

532.2 204.4 327.8

507.5 205.1 302.4

433.0 202.4 230.7

196.5 196.4 0.1

234.6 195.3 39.3

251.8 194.9 56.9

262.3 194.2 68.1

266.6 194.0 72.6

643.9 193.9 450.0

5 6 7

8 9 10

Nonfinancial corporate business Nonfarm noncorporate business State and local governments

31.4 42.8 354.7

32.8 44.9 364.2

33.1 50.2 389.1

50.7 56.2 481.4

44.3 56.3 516.9

37.3 65.8 531.5

28.0 67.4 523.6

30.3 68.4 522.2

28.0 69.3 535.7

32.8 69.3 522.7

35.7 68.3 526.3

8 9 10

11 12

Rest of the world Monetary authority

1285.5 629.4

1513.5 666.7

1813.6 717.8

1984.4 744.2

2126.2 778.9

2432.1 740.6

2584.1 591.2

2707.9 478.8

2913.5 476.6

3182.0 475.9

3341.0 492.3

11 12

13 14 15 16 17

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas

205.8 86.4 116.7 1.3 1.5

132.3 93.5 33.7 2.7 2.5

107.8 74.2 27.8 2.0 3.8

97.1 64.2 27.9 1.1 3.9

95.2 61.9 27.1 2.5 3.7

112.5 73.0 30.6 7.1 1.8

111.9 64.1 40.1 6.3 1.4

99.7 49.5 37.2 11.8 1.2

117.6 71.5 31.3 13.7 1.2

95.8 53.4 38.1 3.1 1.2

116.2 69.5 45.3 0.6 0.8

13 14 15 16 17

18 19

Savings institutions Credit unions

9.2 7.5

12.2 8.8

8.4 8.9

12.3 7.7

12.4 7.4

7.0 10.4

6.0 9.6

4.9 10.2

2.9 9.9

2.9 8.8

3.6 7.6

18 19

20 21 22 23 24

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

61.2 78.5 103.6 158.9 50.2

64.7 71.8 116.9 148.6 55.3

71.3 78.5 113.0 151.0 60.7

69.2 91.2 116.5 153.8 68.4

75.8 83.2 130.8 157.1 76.7

55.1 68.3 169.5 168.8 88.0

54.8 73.8 173.7 169.4 96.6

54.7 79.2 177.9 169.1 98.9

54.2 84.1 185.8 171.6 105.9

53.8 87.5 184.9 174.6 112.3

56.1 93.5 185.9 177.3 116.7

20 21 22 23 24

25 26 27 28 29 30 31

Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises ABS issuers Brokers and dealers

142.2 134.8 3.9 2.0 25.7 0.9 -3.9

132.1 144.2 4.6 2.1 13.5 2.8 37.8

98.2 149.0 6.8 4.9 12.9 8.0 -44.6

88.6 155.7 7.1 9.7 13.1 27.7 -64.6

82.7 160.7 7.4 13.1 14.2 56.4 -67.0

178.1 179.2 5.6 19.7 15.5 77.5 -60.0

296.3 182.7 5.4 21.0 15.9 76.8 -23.7

283.7 188.3 5.2 22.6 16.2 73.9 -93.3

460.0 191.3 4.7 26.6 16.6 70.0 -9.2

577.7 187.9 3.2 27.0 16.7 65.1 190.6

519.7 194.2 3.3 31.6 17.6 60.0 113.8

25 26 27 28 29 30 31

3637.0

4033.1

4395.0

4701.9

4885.3

5122.3

5322.6

5274.1

5800.6

6361.5

6826.9

32

2 3 4 5 6 7

Total liabilities

2003

Savings bonds Other Treasury issues Total assets

Memo: 32

Federal government debt (1)

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).


88

Z.1, June 11, 2009

L.210 Agency- and GSE-backed Securities (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5

Total liabilities Budget agencies Government-sponsored enterprises Agency- and GSE-backed mortgage pools

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

5536.3

5952.9

6075.2

6158.0

6488.6

7396.9

7565.0

7887.0

8069.9

8168.6

8183.2

1

27.3 2350.4 3158.6

24.9 2601.3 3326.7

24.3 2676.3 3374.6

23.8 2592.2 3541.9

23.5 2627.8 3837.3

23.1 2910.2 4463.5

23.5 2940.2 4601.4

23.5 3104.0 4759.5

23.1 3154.8 4891.9

23.3 3184.5 4960.8

22.5 3118.9 5041.8

2 3 4

5536.3

5952.9

6075.2

6158.0

6488.6

7396.9

7565.0

7887.0

8069.9

8168.6

8183.2

5

Household sector Nonfinancial corporate business State and local governments

300.1 16.9 328.8

435.9 12.1 351.2

404.6 12.2 373.2

502.4 18.8 401.6

420.9 16.4 439.9

709.3 13.8 454.6

651.4 10.4 453.0

651.5 11.2 450.0

787.5 10.4 461.5

740.7 12.1 444.1

396.7 6.4 437.0

6 7 8

9 10 11

Federal government Rest of the world Monetary authority

0.0 630.6 0.0

0.0 655.3 0.0

0.0 875.2 0.0

0.0 1012.9 0.0

0.0 1262.3 0.0

0.0 1571.7 0.0

0.0 1617.9 0.0

0.0 1662.8 0.0

3.3 1578.7 14.5

54.4 1407.3 19.7

106.7 1327.8 287.0

9 10 11

12 13 14 15 16

Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas

917.9 821.3 61.6 10.7 24.2

1000.0 906.4 53.0 11.6 28.9

1095.0 996.1 51.8 13.5 33.6

1089.6 992.7 50.9 11.2 34.8

1135.3 1040.3 54.8 11.2 29.0

1022.4 928.9 56.9 9.9 26.6

1010.6 923.2 49.0 13.0 25.4

1088.8 985.7 47.0 28.3 27.8

1080.0 991.3 44.6 16.6 27.4

1169.1 1068.7 49.9 25.8 24.7

1175.5 1085.4 45.1 21.6 23.3

12 13 14 15 16

17 18

Savings institutions Credit unions

176.2 79.1

198.8 94.3

136.4 93.1

192.3 86.4

169.3 72.5

168.6 68.4

165.6 73.5

170.0 80.8

163.5 82.4

167.9 82.9

175.4 89.6

17 18

19 20 21 22 23

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

113.2 330.9 182.9 192.6 4.6

115.4 348.9 223.5 235.1 5.1

112.1 357.1 235.3 258.8 4.6

117.9 368.5 252.0 258.4 4.6

122.0 377.4 268.9 310.8 4.7

125.8 382.9 297.3 334.1 5.0

122.8 380.5 300.6 335.1 6.0

120.0 377.4 301.9 334.6 5.8

116.3 370.9 308.3 337.1 5.8

112.9 361.7 318.1 340.5 5.1

111.5 360.3 318.9 343.0 5.0

19 20 21 22 23

24 25 26

Money market mutual funds Mutual funds Government-sponsored enterprises

333.1 422.4 1111.7

328.6 447.5 1034.3

267.5 462.7 886.5

160.1 483.4 751.1

131.4 499.1 714.0

235.9 565.4 702.9

388.9 576.3 717.3

424.9 594.0 842.3

518.4 603.4 825.4

756.2 592.7 909.5

776.3 591.7 1018.1

24 25 26

27 28 29

ABS issuers REITs Brokers and dealers

271.9 31.8 91.8

354.2 28.9 83.7

348.8 44.7 107.3

316.4 40.6 101.0

340.4 65.4 138.0

359.6 88.9 290.2

364.8 92.3 298.1

360.4 99.4 311.2

359.5 93.2 350.0

340.6 90.6 242.6

309.4 95.1 252.0

27 28 29

6 7 8

Total assets

2003

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB; and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered officially to be part of the total debt of the federal government, which is shown in table L.209, line 32.


89

Z.1, June 11, 2009

L.211 Municipal Securities and Loans Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007

2008 Q1

1

Total liabilities

2 3 4

State and local governments Short-term (1) Long-term

5 6

Nonprofit organizations (2) Nonfinancial corporate business (industrial revenue bonds)

7

Total assets

Q2

Q3

Q4

2009 Q1

1762.9

1900.5

2031.0

2225.9

2403.3

2618.9

2643.9

2665.5

2671.5

2682.1

2715.8

1

1437.9 95.7 1342.2

1557.9 106.1 1451.8

1673.0 100.2 1572.8

1844.1 105.9 1738.2

1994.7 102.8 1891.9

2179.9 120.1 2059.8

2202.0 120.9 2081.1

2212.8 114.5 2098.3

2215.1 121.9 2093.2

2219.5 132.0 2087.5

2249.6 132.4 2117.1

2 3 4

164.2 160.8

178.3 164.2

188.6 169.4

205.1 176.7

226.9 181.7

249.5 189.5

252.3 189.6

261.6 191.1

265.2 191.3

269.9 192.6

273.4 192.9

5 6

1762.9

1900.5

2031.0

2225.9

2403.3

2618.9

2643.9

2665.5

2671.5

2682.1

2715.8

7

8 9 10 11 12

Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world

678.4 32.1 3.4 4.1 11.5

703.8 35.4 2.7 4.4 19.5

742.4 31.8 4.3 4.7 26.0

821.0 32.1 4.4 5.0 29.0

871.8 28.1 5.8 5.5 34.4

908.0 29.8 6.7 5.8 33.0

901.2 8.3 6.9 5.8 33.5

917.3 6.0 7.0 5.8 35.0

919.3 7.1 7.1 5.8 38.0

949.9 7.7 7.1 5.7 41.0

968.5 17.8 7.0 5.8 40.0

8 9 10 11 12

13 14 15 16 17

Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies State and local govt. retirement funds

121.7 5.8 183.0 19.9 0.9

132.7 6.6 224.2 26.1 4.4

140.8 7.4 267.8 30.1 1.8

157.7 9.0 313.2 32.5 1.7

180.2 11.1 335.2 36.6 3.6

192.4 11.0 371.3 41.4 1.9

203.2 10.5 372.3 41.6 1.2

202.9 11.1 374.1 41.8 1.2

223.4 8.5 372.9 41.5 1.2

215.6 8.4 372.8 41.1 1.1

213.8 8.6 375.0 41.5 1.1

13 14 15 16 17

18 19 20 21 22

Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises Brokers and dealers

278.5 277.3 86.0 39.4 21.0

292.1 290.2 89.3 44.4 24.9

313.8 294.3 89.1 44.6 32.0

336.8 311.7 89.4 39.7 42.9

370.3 344.4 89.4 36.1 50.9

471.0 372.2 91.0 33.3 50.1

491.8 380.1 88.9 32.4 66.1

500.3 393.4 86.5 31.3 51.8

472.8 399.1 82.2 30.5 61.9

494.6 389.6 78.2 30.5 38.7

482.7 406.1 79.4 29.5 38.9

18 19 20 21 22

(1) Debt with original maturity of 13 months or less. (2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).

L.212 Corporate and Foreign Bonds Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 2 3 4 5 6 7 8 9 10 11 12

Total liabilities

6252.1

7042.7

7916.6

8683.3

9970.2

11302.0

11395.1

11466.2

11305.9

11137.0

11603.1

1

Nonfinancial corporate business Rest of the world (1)

2747.9 702.7

2900.1 868.9

2975.5 985.0

3032.2 1011.6

3247.8 1275.5

3558.9 1478.1

3604.2 1486.3

3692.9 1498.5

3716.0 1430.7

3763.5 1393.4

3906.1 1424.9

2 3

Financial sectors Commercial banking Savings institutions ABS issuers (net) (3) Finance companies REITs Brokers and dealers Funding corporations

2801.5 332.2 3.4 1416.6 635.3 83.3 40.6 290.1

3273.7 378.4 5.1 1687.4 743.2 107.1 47.0 305.5

3956.1 437.4 7.6 2129.9 817.4 183.8 62.2 317.7

4639.5 494.1 8.7 2705.9 806.5 216.7 62.4 345.3

5447.0 570.1 10.7 3350.1 849.7 230.6 68.8 367.0

6265.0 688.7 10.4 3877.1 974.1 231.3 64.8 418.5

6304.6 723.9 10.7 3866.0 1004.5 207.7 80.4 411.3

6274.8 781.2 10.9 3785.7 989.3 207.5 84.5 415.6

6159.2 732.6 2.4 3732.8 986.6 196.2 76.9 431.6

5980.1 818.0 2.4 3538.5 925.9 178.3 97.1 419.9

6272.1 1211.0 2.0 3455.3 907.6 170.8 82.2 443.2

4 5 6 7 8 9 10 11

6252.1

7042.7

7916.6

8683.3

9970.2

11302.0

11395.1

11466.2

11305.9

11137.0

11603.1

12

Total assets

13 14 15

Household sector State and local governments Rest of the world (2)

1052.2 104.2 1123.0

966.2 111.3 1330.0

1135.5 118.2 1558.9

1288.2 127.2 1762.9

1520.6 139.4 2320.8

1831.0 148.1 2780.8

1775.6 147.6 2782.0

1773.7 146.4 2851.8

1730.0 146.9 2811.8

1664.4 144.5 2808.4

2115.6 145.4 2800.2

13 14 15

16 17 18 19 20 21 22 23

Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

359.9 79.9 22.1 198.9 1440.0 254.1 217.3 2.8

481.2 71.9 24.3 218.9 1610.5 275.3 207.4 3.2

563.6 59.2 25.0 245.3 1756.3 267.8 213.5 3.0

687.0 80.2 23.5 262.8 1824.8 290.0 227.9 2.9

780.3 89.4 30.6 277.0 1822.8 317.6 296.9 2.9

978.7 138.5 34.6 282.9 1862.8 357.3 287.8 3.0

1003.3 139.8 32.9 281.8 1871.6 366.0 288.5 3.6

975.3 139.3 32.3 281.2 1876.7 376.7 288.2 3.4

958.9 114.1 29.7 278.4 1859.8 385.4 287.3 3.4

984.7 104.5 25.7 276.4 1839.7 400.1 288.6 2.9

963.1 113.9 17.6 278.0 1856.6 403.0 290.1 2.8

16 17 18 19 20 21 22 23

24 25 26 27 28 29 30 31 32

Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations

228.1 453.4 27.1 1.8 227.1 210.5 10.4 183.1 56.4

258.7 532.0 58.8 2.4 277.4 263.8 18.9 219.3 111.3

261.0 596.8 67.6 3.3 414.8 256.0 36.0 238.0 96.8

263.2 662.7 69.3 5.3 465.7 203.5 53.0 315.7 67.5

368.3 768.9 75.1 7.6 481.7 184.8 64.6 360.5 60.4

376.8 890.5 74.0 13.8 464.4 189.4 34.4 383.1 170.0

398.2 916.1 71.5 16.8 449.7 198.4 23.4 361.2 267.2

381.7 964.3 68.3 20.4 420.6 197.8 21.6 262.0 384.5

286.0 968.7 62.5 23.1 386.4 195.1 20.1 201.7 556.7

228.0 965.1 49.8 27.7 335.3 192.4 14.5 117.0 667.3

217.8 1010.6 49.2 34.3 335.0 199.3 14.1 88.6 667.9

24 25 26 27 28 29 30 31 32

(1) Holdings of foreign issues by U.S. residents. (2) Holdings of U.S. issues by foreign residents. (3) Liabilities net of assets.


90

Z.1, June 11, 2009

L.213 Corporate Equities (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007

2008 Q1

1

Q3

Q4

2009 Q1

12438.3

16638.5

18947.1

20642.7

24066.3

25218.4

22920.3

22409.1

19845.8

15398.2

14015.5

1

2

Nonfinancial corporate business

8212.3

10845.2

12086.2

12684.0

14327.4

15273.6

13957.4

13963.5

12420.5

9771.3

8989.7

2

3 4

Rest of the world (2) Financial corporations

1374.0 2852.0

2079.4 3713.9

2560.4 4300.6

3317.7 4641.0

4329.0 5409.9

5170.6 4774.2

4709.2 4253.7

4667.5 3778.1

3627.5 3797.8

2677.4 2949.5

2401.2 2624.6

3 4

5

Issues at market value

Q2

12438.3

16638.5

18947.1

20642.7

24066.3

25218.4

22920.3

22409.1

19845.8

15398.2

14015.5

5

Household sector State and local governments Federal government Rest of the world (3)

5161.2 79.3 0.0 1221.6

6787.5 84.7 0.0 1674.6

7491.0 90.0 0.0 1904.6

7999.5 96.8 0.0 2039.1

9196.4 106.0 0.0 2472.2

9167.9 112.7 0.0 2750.4

8496.6 112.3 0.0 2495.0

8031.3 109.5 0.0 2614.9

7137.3 97.4 0.0 2367.7

5496.6 83.1 188.4 1807.8

5178.0 78.8 211.1 1595.1

6 7 8 9

10 11 12 13 14 15 16

Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds

3.5 29.1 149.4 708.9 1588.6 1056.8 45.9

15.0 30.4 178.4 919.3 2096.6 1421.0 79.9

20.3 28.2 196.6 1053.9 2338.5 1600.9 99.2

24.1 26.2 199.5 1161.8 2541.7 1715.8 112.6

35.3 24.9 227.0 1364.8 2874.8 1926.3 138.1

41.5 25.3 236.2 1464.6 2863.3 1985.9 149.1

33.0 25.7 215.6 1325.9 2543.8 1776.8 128.4

31.9 25.8 212.4 1312.3 2459.7 1747.0 127.6

20.6 25.6 209.2 1202.5 2190.7 1582.1 111.1

3.5 22.7 193.2 967.8 1664.7 1211.8 85.6

0.8 21.6 172.3 868.5 1460.9 1081.2 74.7

10 11 12 13 14 15 16

17 18 19 20

Mutual funds Closed-end funds Exchange-traded funds Brokers and dealers

2187.4 33.7 98.2 74.9

3051.3 53.0 146.3 100.5

3693.6 82.3 219.0 129.1

4175.7 105.6 285.8 158.3

4989.6 122.5 402.0 186.4

5476.9 146.2 573.7 224.8

4923.6 132.7 530.6 180.1

4888.8 125.4 532.8 189.6

4110.3 101.9 528.7 160.6

3014.1 75.7 473.9 109.2

2714.9 68.8 412.8 76.1

17 18 19 20

10675.5

14035.5

15711.2

16525.3

18739.2

18800.3

17093.3

16623.6

15171.6

11842.6

10861.9

21

6 7 8 9

Holdings at market value

Memo: 21

Market value of domestic corporations (4)

(1) Excludes mutual fund shares shown on table L.214. (2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs). (3) Holdings of U.S. issues by foreign residents. (4) Sum of lines 2 and 4 less the sum of lines 10, 11, 12, 18, 19, and 20; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Shares at market value

3638.4

4654.2

5436.3

6048.9

7068.3

7829.0

7336.4

7412.3

6614.3

5435.3

5158.8

1

2

Holdings at market value

3638.4

4654.2

5436.3

6048.9

7068.3

7829.0

7336.4

7412.3

6614.3

5435.3

5158.8

2

2218.4 95.8 24.3 98.0

2904.3 125.9 25.9 146.1

3417.4 140.5 27.5 195.8

3839.3 156.3 29.6 242.0

4410.2 204.0 32.5 294.1

4880.9 217.5 34.5 324.5

4616.5 200.2 34.4 304.1

4699.9 196.7 36.7 307.3

4128.4 175.5 31.8 274.2

3447.4 143.3 27.5 225.3

3304.9 134.1 31.5 213.8

3 4 5 6

19.6 3.5

17.1 4.1

18.1 3.1

17.4 2.2

24.5 2.1

29.6 2.1

26.4 2.4

25.5 2.4

20.0 2.0

19.6 2.0

33.5 1.8

7 8

3.0 76.6 931.9 167.4

4.3 91.7 1126.9 207.9

5.2 114.4 1278.2 235.9

5.7 109.0 1399.0 248.4

6.9 148.8 1657.6 287.5

6.8 188.4 1848.3 296.4

6.3 181.9 1698.8 265.2

6.3 187.8 1688.9 260.7

5.9 181.6 1558.8 236.1

4.5 154.9 1229.5 181.1

4.2 146.0 1127.3 161.6

9 10 11 12

3 4 5 6

Household sector Nonfinancial corporate business State and local governments Rest of the world

7 8

Commercial banking Credit unions

9 10 11 12

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.


91

Z.1, June 11, 2009

L.215 Bank Loans Not Elsewhere Classified Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1

Total loans by commercial banking, flow of funds basis

4198.9

4461.2

4905.9

5473.7

6151.2

6813.1

6883.4

6895.2

7305.3

7190.4

7052.6

1

2 3 4 5

- Loans elsewhere classified: Open market paper Mortgages Consumer credit Security credit

0.0 2058.3 602.6 177.9

0.0 2255.8 669.4 200.9

0.0 2595.6 704.3 195.8

0.0 2958.0 707.0 230.7

0.0 3403.1 741.2 302.2

0.0 3645.7 804.1 334.5

0.0 3686.0 796.3 297.2

0.0 3662.2 813.0 281.4

100.0 3854.9 844.1 284.3

15.7 3843.0 878.6 221.0

4.5 3855.1 850.6 216.5

2 3 4 5

6

= Banking sector total bank loans n.e.c.

7 8 9 10

U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas

1360.0

1335.1

1410.1

1577.9

1704.8

2028.8

2103.9

2138.6

2222.0

2232.1

2125.9

6

1101.5 237.5 2.9 18.2

1083.0 225.7 7.9 18.5

1150.5 234.0 5.3 20.3

1249.3 294.7 8.1 25.9

1312.2 361.8 5.1 25.6

1532.9 466.8 5.8 23.3

1590.2 484.9 5.4 23.3

1622.1 486.9 6.6 22.9

1687.0 506.3 5.9 22.7

1670.8 531.9 7.9 21.5

1580.9 506.3 17.3 21.4

7 8 9 10

11

+ Loans from Federal Reserve banks

0.0

0.0

0.0

0.0

0.0

0.0

39.7

30.3

289.8

490.4

388.8

11

12

= Total bank loans n.e.c.

1360.0

1335.1

1410.1

1577.9

1704.8

2028.8

2143.7

2168.9

2511.8

2722.5

2514.6

12

13

Total liabilities

1360.0

1335.1

1410.1

1577.9

1704.8

2028.8

2143.7

2168.9

2511.8

2722.5

2514.6

13

1197.8

1151.4

1160.4

1309.4

1498.5

1751.7

1824.1

1846.4

1949.7

1952.0

1867.9

14

17.3 635.5 430.4 46.0

49.8 548.3 441.7 45.5

26.7 547.2 468.9 47.7

36.4 515.2 623.4 49.9

86.4 532.2 728.5 53.2

99.7 630.5 863.1 55.5

104.9 654.4 900.5 52.7

89.2 669.5 921.2 57.0

133.1 691.8 951.8 58.3

120.4 700.8 964.1 58.7

106.9 674.7 928.3 55.0

15 16 17 18

68.6 5.1 5.1 58.4

66.1 4.5 8.9 52.7

69.9 5.5 13.4 51.0

84.4 2.6 18.1 63.7

98.3 1.9 21.9 74.4

102.8 1.9 30.2 70.8

111.7 2.0 37.8 71.9

109.4 3.1 36.8 69.5

114.8 2.3 40.8 71.6

107.9 2.6 33.0 72.4

103.1 2.6 29.3 71.3

19 20 21 22

162.3

183.7

249.7

268.6

206.2

277.1

319.6

322.5

562.0

770.5

646.7

23

43.0 101.1 18.1 0.0 0.0

59.0 106.9 17.8 0.0 0.0

87.9 136.9 24.9 0.0 0.0

93.1 142.1 33.3 0.0 0.0

48.6 129.2 28.4 0.0 0.0

62.0 182.0 33.2 0.0 0.0

62.3 183.4 34.2 39.7 0.0

65.1 197.6 29.5 1.5 28.8

70.6 169.2 32.4 199.7 90.1

75.0 172.2 32.9 45.5 444.9

67.4 164.5 30.7 20.4 363.7

24 25 26 27 28

14

Nonfinancial sectors

15 16 17 18

Households Corporate business Nonfarm noncorporate business Farm business

19 20 21 22

Rest of the world Foreign official institutions Foreign banks Other foreign

23 24 25 26 27 28

Financial sectors Savings institutions Finance companies REITs Brokers and dealers Funding corporations


92

Z.1, June 11, 2009

L.216 Other Loans and Advances Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

Total other loans and advances

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1543.1

1582.5

1711.1

1866.9

2020.1

2565.1

2620.5

2661.9

2762.5

2659.9

2521.2

1

2 3 4 5 6 7 8 9 10 11

U.S. government loans Liab.: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Rest of the world Government-sponsored enterprises Finance companies Funding corporations

118.6 13.8 7.3 39.2 4.6 9.6 44.1 0.0 0.0 0.0

116.7 13.1 8.1 39.4 4.4 9.7 42.0 0.0 0.0 0.0

113.7 12.2 8.4 40.8 4.0 10.0 38.3 0.0 0.0 0.0

106.7 11.5 9.2 37.9 3.8 10.6 33.7 0.0 0.0 0.0

107.3 12.9 10.4 42.7 3.7 11.2 26.4 0.0 0.0 0.0

105.2 12.5 10.2 43.8 3.7 11.9 23.1 0.0 0.0 0.0

104.8 12.3 10.3 43.9 3.6 12.0 22.7 0.0 0.0 0.0

105.8 13.0 10.4 44.3 3.7 12.2 22.2 0.0 0.0 0.0

106.2 12.9 10.1 45.2 3.8 12.5 21.9 0.0 0.0 0.0

112.1 12.8 15.4 46.0 3.7 12.7 21.5 0.0 0.0 0.0

126.4 12.8 27.3 47.0 3.7 12.9 21.3 0.0 1.5 0.1

2 3 4 5 6 7 8 9 10 11

12 13

Foreign loans to U.S. corporate business Liab.: Nonfinancial corporate business

125.8 125.8

125.0 125.0

131.2 131.2

159.6 159.6

166.9 166.9

273.6 273.6

251.3 251.3

242.6 242.6

226.4 226.4

224.8 224.8

201.1 201.1

12 13

14 15 16

Customers’ liability on acceptances outstanding (bank asset) Liab.: Nonfinancial corporate business Rest of the world

4.6 4.4 0.2

4.4 4.2 0.2

4.0 3.8 0.3

4.0 3.8 0.2

0.4 0.3 0.2

0.5 0.2 0.3

0.3 0.1 0.2

0.3 0.1 0.2

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

14 15 16

17 18 19

Savings institution loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business

46.2 23.1 23.1

56.3 28.2 28.2

57.6 28.8 28.8

61.5 30.7 30.7

67.5 33.7 33.7

73.7 36.9 36.9

78.0 39.0 39.0

76.1 38.1 38.1

74.0 37.0 37.0

80.1 40.0 40.0

80.7 40.4 40.4

17 18 19

20 21 22

Policy loans (Household liability) Asset: Federal government Life insurance companies

106.0 0.8 105.1

105.2 0.8 104.5

106.8 0.7 106.1

107.6 0.7 106.9

110.9 0.6 110.2

114.5 0.6 113.9

115.7 0.6 115.1

116.8 0.6 116.2

117.9 0.6 117.3

120.4 0.6 119.8

119.5 0.6 118.9

20 21 22

23 24 25 26 27 28 29 30

Government-sponsored enterprise loans (1) Liab.: Household sector (SLMA) Noncorporate business (FCS) Farm business (FCS) Commercial banks (FHLB and SLMA) Savings institutions (FHLB and SLMA) Credit unions (FHLB) Life insurance companies (FHLB)

514.7 0.4 20.1 23.7 226.8 231.7 6.9 5.1

545.8 0.3 19.8 24.0 235.3 249.3 9.1 8.0

619.4 0.0 18.1 25.5 244.1 309.3 11.4 11.1

671.8 0.0 20.0 31.6 268.5 325.5 14.7 11.5

704.9 0.0 24.2 39.3 348.5 259.8 18.9 14.2

942.6 0.0 28.5 47.0 455.2 350.9 32.3 28.7

980.4 0.0 31.7 52.3 472.9 363.9 28.5 31.1

997.0 0.0 34.1 56.2 482.4 355.5 35.4 33.4

1087.0 0.0 31.9 51.5 612.1 305.1 43.5 42.9

986.7 0.0 33.1 51.8 526.3 280.0 40.6 54.9

882.5 0.0 33.5 51.6 457.8 256.8 30.3 52.5

23 24 25 26 27 28 29 30

31 32

Securitized loans held by ABS issuers Liab.: Nonfinancial corporate business

105.0 105.0

103.9 103.9

105.3 105.3

88.5 88.5

89.4 89.4

81.2 81.2

78.0 78.0

73.8 73.8

71.1 71.1

70.4 70.4

64.2 64.2

31 32

33 34 35

Finance company loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business

444.0 399.6 44.4

441.7 397.6 44.2

451.5 406.4 45.2

479.2 431.3 47.9

498.0 448.2 49.8

523.0 470.7 52.3

542.0 487.8 54.2

563.9 507.5 56.4

557.0 501.3 55.7

539.9 485.9 54.0

516.7 465.0 51.7

33 34 35

36 37 38 39 40 41 42

Loans to nonfinancial corporate business (2) Asset: Household sector Life insurance companies Mutual funds ABS issuers Brokers and dealers Funding corporations

78.2 2.8 9.2 17.5 31.6 8.9 8.2

83.4 3.1 9.8 16.4 37.8 9.0 7.3

121.5 5.9 11.7 26.0 56.7 14.2 7.0

188.1 8.7 15.9 36.5 94.5 22.0 10.6

274.6 8.3 19.1 44.4 149.3 36.7 16.8

450.8 17.4 31.7 81.9 246.6 52.5 20.6

470.0 20.1 35.0 83.8 254.7 55.1 21.3

485.6 22.3 37.6 85.4 261.2 57.2 21.8

522.9 27.5 43.9 89.3 276.8 62.3 23.1

525.6 27.9 44.4 89.6 277.9 62.7 23.1

530.1 28.5 45.1 90.0 279.8 63.3 23.3

36 37 38 39 40 41 42

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. (2) Syndicated loans from domestic entities, excluding banks and finance companies which are included elsewhere.


93

Z.1, June 11, 2009

L.217 Total Mortgages Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5 6

Total mortgages Home Multifamily residential Commercial Farm

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

8399.6

9399.8

10666.7

12104.2

13494.6

14564.5

14684.1

14722.4

14700.1

14628.6

14616.9

1

6437.5 485.0 1381.8 95.4

7232.1 564.7 1508.8 94.1

8271.9 617.9 1680.1 96.9

9384.3 688.6 1929.8 101.5

10444.6 743.9 2204.6 101.5

11137.2 842.7 2476.8 107.8

11199.4 860.6 2515.5 108.6

11185.3 876.6 2551.0 109.4

11133.3 895.7 2560.8 110.3

11036.6 903.3 2577.6 111.1

11024.3 908.3 2572.5 111.8

2 3 4 5

8399.6

9399.8

10666.7

12104.2

13494.6

14564.5

14684.1

14722.4

14700.1

14628.6

14616.9

6

Household sector

6210.2

7048.1

8018.2

9063.6

10068.2

10750.3

10817.6

10820.9

10786.7

10713.4

10715.3

7

8 9 10 11

Nonfinancial business Corporate Nonfarm noncorporate Farm

2092.5 447.3 1549.8 95.4

2245.8 526.3 1625.3 94.1

2517.1 578.2 1842.1 96.9

2895.1 778.1 2015.5 101.5

3274.4 867.8 2305.1 101.5

3657.5 983.1 2566.6 107.8

3704.6 995.6 2600.4 108.6

3740.3 1009.2 2621.6 109.4

3750.8 1007.7 2632.8 110.3

3751.7 1016.5 2624.2 111.1

3737.6 1008.6 2617.2 111.8

8 9 10 11

12 13

Federal government REITs

0.0 97.0

0.0 105.9

0.0 131.4

0.0 145.5

0.0 152.1

0.0 156.7

0.0 161.8

0.0 161.2

0.0 162.7

0.0 163.5

0.0 164.0

12 13

8399.6

9399.8

10666.7

12104.2

13494.6

14564.5

14684.1

14722.4

14700.1

14628.6

14616.9

14

7

14

Total liabilities

2003

Total assets

15 16 17

Household sector Nonfinancial corporate business Nonfarm noncorporate business

116.0 49.6 26.2

121.3 51.8 26.3

129.6 66.6 30.8

135.7 68.3 36.2

116.9 59.8 34.6

103.0 40.9 40.5

101.4 36.2 41.5

108.1 31.5 42.0

105.9 26.8 42.6

104.1 22.1 42.6

103.0 17.4 42.0

15 16 17

18 19

State and local governments Federal government

124.4 76.3

132.9 73.8

141.2 75.4

151.9 77.8

166.4 81.5

176.9 83.4

176.3 83.9

174.8 85.4

175.4 84.6

172.6 87.3

172.7 88.7

18 19

20 21 22

Commercial banking Savings institutions (1) Credit unions

2058.3 781.0 159.4

2255.8 870.6 182.6

2595.6 1057.4 213.2

2958.0 1152.7 245.6

3403.1 1074.0 276.6

3645.7 1095.3 308.4

3686.0 1111.8 316.2

3662.2 1115.6 329.6

3854.9 883.6 338.9

3843.0 860.2 345.5

3855.1 849.8 346.1

20 21 22

23 24 25 26

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds

2.0 250.0 10.3 21.1

2.1 260.9 10.2 20.4

2.4 273.3 10.0 15.1

2.7 285.5 9.8 16.4

3.5 303.8 9.5 14.5

4.8 326.2 10.2 12.7

4.9 330.9 10.4 12.7

5.0 336.4 10.7 12.6

4.7 340.9 10.9 12.4

5.0 342.4 11.1 12.4

5.0 339.7 11.3 12.3

23 24 25 26

27 28 29

Government-sponsored enterprises (1) Agency- and GSE-backed mortgage pools ABS issuers

357.3 3158.6 850.7

621.5 3326.7 1024.0

629.0 3374.6 1458.3

588.8 3541.9 2145.4

607.2 3837.3 2775.9

643.1 4463.5 2956.8

658.2 4601.4 2878.4

671.2 4759.5 2783.0

668.6 4891.9 2691.5

702.1 4960.8 2591.7

721.9 5041.8 2501.5

27 28 29

30 31

Finance companies REITs

330.5 28.0

370.2 48.7

476.0 118.1

541.4 146.1

594.4 135.8

531.9 121.3

525.8 108.3

491.6 103.1

468.6 98.0

447.9 77.9

440.2 68.5

30 31

(1) FHLB loans to savings institutions are included in other loans and advances.


94

Z.1, June 11, 2009

L.218 Home Mortgages (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5 6 7 8

Total liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business

9 10

State and local governments Federal government

11 12 13

Commercial banking Savings institutions Credit unions

14 15 16

Life insurance companies Private pension funds State and local govt. retirement funds

17 18 19

Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

20 21

Finance companies REITs

22 23 24 25 26 27

Memo: Home equity loans included above (2) Commercial banking Savings institutions Credit unions ABS issuers Finance companies

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

6437.5

7232.1

8271.9

9384.3

10444.6

11137.2

11199.4

11185.3

11133.3

11036.6

11024.3

1

6034.2 16.9 386.4

6886.7 18.8 326.7

7838.9 23.5 409.4

8876.2 31.1 477.0

9854.1 39.4 551.2

10509.8 42.2 585.2

10573.3 41.5 584.5

10573.2 38.8 573.3

10535.5 36.3 561.5

10463.1 32.7 540.8

10464.7 30.0 529.6

2 3 4

6437.5

7232.1

8271.9

9384.3

10444.6

11137.2

11199.4

11185.3

11133.3

11036.6

11024.3

5

100.3 24.9 9.6

106.3 26.1 9.7

112.9 39.9 11.3

117.9 40.9 13.3

102.9 35.9 12.7

90.8 24.6 14.8

88.8 21.7 15.2

95.2 18.9 15.4

93.2 16.1 15.6

91.2 13.2 15.6

89.2 10.4 15.4

6 7 8

63.4 16.2

67.8 15.3

72.0 14.8

77.5 14.4

84.9 14.6

90.2 14.8

89.9 14.9

89.1 15.6

89.4 14.6

88.0 14.7

87.6 14.8

9 10

1227.1 631.1 159.4

1355.8 702.8 182.6

1581.0 874.2 213.2

1793.0 953.8 245.6

2084.5 867.8 276.6

2208.2 879.0 308.4

2217.3 884.8 316.2

2158.0 884.5 329.6

2287.7 691.6 338.9

2252.2 666.3 345.5

2257.3 655.0 346.1

11 12 13

6.7 2.8 7.6

7.1 1.7 7.3

7.9 1.4 5.4

7.7 1.4 5.9

11.0 1.3 5.2

11.0 1.2 4.6

11.2 1.3 4.6

11.4 1.3 4.5

11.5 1.4 4.5

12.1 1.3 4.5

11.8 1.4 4.4

14 15 16

276.8 3063.7 543.6

514.7 3211.2 666.4

508.0 3256.3 1048.6

454.9 3419.7 1621.0

460.2 3710.6 2134.7

449.3 4319.8 2168.6

454.1 4454.3 2101.3

456.4 4609.3 2014.7

442.1 4738.7 1936.4

466.5 4803.3 1848.0

483.2 4882.8 1765.0

17 18 19

285.6 18.7

320.2 37.1

422.0 102.9

489.8 127.4

538.1 103.7

472.7 79.2

458.0 65.9

420.5 61.0

395.2 56.5

375.4 38.7

368.4 31.4

20 21

500.7 303.3 78.5 48.0 15.0 56.0

593.4 366.0 95.6 51.7 16.1 64.0

775.6 483.5 121.2 63.9 23.3 83.7

914.8 549.0 151.6 75.9 40.3 98.0

1065.7 653.6 137.6 86.9 80.0 107.6

1129.7 692.3 180.5 94.1 68.4 94.5

1126.6 698.0 180.5 94.5 61.9 91.6

1126.5 711.1 180.3 95.3 55.6 84.1

1115.9 769.8 119.7 97.2 50.2 79.0

1114.4 776.1 119.5 98.7 45.1 75.1

1097.5 769.7 116.0 97.6 40.5 73.7

22 23 24 25 26 27

(1) Mortgages on 1-4 family properties including mortages on farm houses. (2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total liabilities

2 3

Nonfinancial corporate business Nonfarm noncorporate business

4 5

Federal government REITs

6 7 8 9

Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business

485.0

564.7

617.9

688.6

743.9

842.7

860.6

876.6

895.7

903.3

908.3

1

28.8 435.3

30.4 513.0

32.4 560.5

34.4 629.3

36.5 682.3

38.3 781.7

38.6 798.0

39.0 813.7

39.3 831.9

39.7 838.5

40.0 842.6

2 3

0.0 20.8

0.0 21.3

0.0 24.9

0.0 24.8

0.0 25.1

0.0 22.7

0.0 24.0

0.0 23.9

0.0 24.5

0.0 25.1

0.0 25.7

4 5

485.0

564.7

617.9

688.6

743.9

842.7

860.6

876.6

895.7

903.3

908.3

6

1.4 0.9 8.8

1.5 1.0 8.8

1.5 1.0 10.4

1.5 1.1 12.3

1.6 0.9 11.7

1.7 0.6 13.7

1.7 0.6 14.0

1.7 0.5 14.2

1.7 0.4 14.4

1.7 0.3 14.4

1.8 0.3 14.2

7 8 9

10 11

State and local governments Federal government

49.7 14.3

53.1 14.5

56.5 15.0

60.8 14.9

66.6 14.8

70.8 14.4

70.5 14.3

69.9 14.3

70.1 14.3

69.0 14.4

69.5 14.3

10 11

12 13

Commercial banking Savings institutions

94.2 68.6

104.5 77.9

118.7 87.5

138.7 98.4

157.6 95.8

168.4 92.7

172.9 94.6

176.1 96.9

214.7 65.2

215.1 65.2

216.7 65.7

12 13

14 15 16

Life insurance companies Private pension funds State and local govt. retirement funds

36.8 1.9 6.3

38.6 2.2 6.1

40.5 2.2 4.5

42.4 2.1 4.9

46.1 2.0 4.3

51.8 2.1 3.8

51.9 2.3 3.8

52.0 2.4 3.8

52.0 2.7 3.7

51.8 2.4 3.7

51.4 2.6 3.7

14 15 16

17 18 19

Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers

41.7 94.5 58.7

68.2 114.5 66.6

82.5 117.4 73.1

93.0 121.3 89.6

105.4 123.5 103.5

147.7 139.2 125.5

157.7 142.7 122.8

167.9 145.9 120.0

179.4 148.5 117.5

188.1 152.9 114.5

191.3 154.4 113.2

17 18 19

20 21

Finance companies REITs

5.7 1.3

5.7 1.5

5.6 1.6

5.6 1.9

5.1 5.0

5.1 5.2

5.5 5.2

6.0 5.0

6.7 4.4

5.8 3.9

5.6 3.7

20 21


95

Z.1, June 11, 2009

L.220 Commercial Mortgages Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1 2 3 4 5 6

Total liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business REITs

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1381.8

1508.8

1680.1

1929.8

2204.6

2476.8

2515.5

2551.0

2560.8

2577.6

2572.5

1

175.9 401.6 728.1 76.1

161.4 477.1 785.7 84.5

179.2 522.3 872.1 106.5

187.4 712.6 909.2 120.7

214.1 791.9 1071.7 127.0

240.5 902.6 1199.7 134.0

244.3 915.5 1217.9 137.9

247.7 931.5 1234.6 137.2

251.2 932.1 1239.4 138.2

250.3 944.1 1244.8 138.4

250.7 938.6 1244.9 138.3

2 3 4 5

1381.8

1508.8

1680.1

1929.8

2204.6

2476.8

2515.5

2551.0

2560.8

2577.6

2572.5

6

Household sector Nonfinancial corporate business Nonfarm noncorporate business

8.6 23.7 7.2

9.2 24.7 7.3

9.9 25.6 8.5

10.5 26.3 9.9

11.2 23.0 9.5

11.9 15.8 11.1

12.1 13.9 11.4

12.3 12.1 11.6

12.5 10.3 11.7

12.6 8.5 11.7

12.8 6.7 11.5

7 8 9

10 11

State and local governments Federal government

10.0 42.1

10.6 40.5

11.3 42.4

12.2 45.2

13.3 48.9

14.2 50.8

14.1 51.4

14.0 52.3

14.0 52.3

13.8 54.7

13.9 56.1

10 11

12 13

Commercial banking Savings institutions

704.0 80.7

762.6 89.2

860.7 95.1

989.4 100.0

1123.2 109.6

1228.5 122.7

1254.8 131.4

1286.9 133.2

1311.0 125.9

1333.8 127.7

1338.9 128.2

12 13

14 15 16 17

Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds

2.0 195.0 5.7 7.2

2.1 203.9 6.4 6.9

2.4 214.1 6.4 5.1

2.7 224.3 6.3 5.6

3.5 235.4 6.2 4.9

4.8 252.2 6.8 4.3

4.9 256.6 6.8 4.3

5.0 261.8 7.0 4.3

4.7 266.0 6.9 4.2

5.0 267.1 7.4 4.2

5.0 265.0 7.4 4.2

14 15 16 17

18 19

Agency- and GSE-backed mortgage pools ABS issuers

0.0 248.4

0.0 291.0

0.0 336.7

0.0 434.8

0.0 537.7

0.0 662.7

0.0 654.3

0.0 648.4

0.0 637.6

0.0 629.2

0.0 623.2

18 19

20 21

Finance companies REITs

39.2 8.1

44.2 10.1

48.4 13.6

46.0 16.8

51.1 27.1

54.0 37.0

62.3 37.2

65.2 37.1

66.7 37.1

66.6 35.3

66.2 33.4

20 21

7 8 9

Total assets

2003

L.221 Farm Mortgages (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total liabilities (Farm business)

95.4

94.1

96.9

101.5

101.5

107.8

108.6

109.4

110.3

111.1

111.8

1

2

Total assets

95.4

94.1

96.9

101.5

101.5

107.8

108.6

109.4

110.3

111.1

111.8

2

3 4

Household sector Nonfarm noncorporate business

5.8 0.5

4.2 0.5

5.3 0.6

5.7 0.7

1.3 0.7

-1.4 0.8

-1.2 0.8

-1.0 0.8

-1.5 0.9

-1.4 0.9

-0.8 0.8

3 4

5 6

State and local governments Federal government

1.2 3.7

1.3 3.4

1.4 3.2

1.5 3.2

1.7 3.2

1.8 3.3

1.8 3.2

1.7 3.3

1.8 3.5

1.7 3.5

1.7 3.5

5 6

7 8

Commercial banking Savings institutions

33.1 0.6

32.9 0.6

35.2 0.6

36.9 0.6

37.8 0.7

40.6 0.9

40.9 0.9

41.2 0.9

41.5 0.9

41.9 0.9

42.2 0.9

7 8

9 10

Life insurance companies State and local govt. retirement funds

11.4 0.0

11.4 0.0

10.9 0.0

11.0 0.0

11.3 0.0

11.2 0.0

11.2 0.0

11.3 0.0

11.4 0.0

11.5 0.0

11.6 0.0

9 10

11 12

Government-sponsored enterprises Agency- and GSE-backed mortgage pools

38.8 0.4

38.7 1.0

38.6 0.9

40.9 0.8

41.7 3.2

46.1 4.5

46.5 4.5

46.8 4.3

47.1 4.7

47.6 4.7

47.3 4.6

11 12

(1) Excludes mortgages on farm houses.


96

Z.1, June 11, 2009

L.222 Consumer Credit Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

1

Total liabilities (Households)

1999.9

2104.4

2219.4

2313.9

2418.3

2551.9

2529.8

2555.9

2591.6

2595.9

2520.6

1

2

Total assets

1999.9

2104.4

2219.4

2313.9

2418.3

2551.9

2529.8

2555.9

2591.6

2595.9

2520.6

2

74.7 0.0 80.5

58.5 0.0 82.4

58.6 0.0 86.1

58.8 0.0 89.8

56.8 0.0 91.7

55.2 0.0 98.4

51.2 0.0 103.5

51.3 0.0 104.6

51.9 0.0 106.9

55.3 0.0 111.0

50.4 0.0 121.4

3 4 5

3 4 5

Nonfinancial corporate business Nonfarm noncorporate business Federal government

6 7 8

Commercial banking Savings institutions Credit unions

602.6 68.7 195.7

669.4 77.9 205.9

704.3 91.3 215.4

707.0 109.1 228.6

741.2 95.5 234.5

804.1 90.8 235.7

796.3 87.5 230.1

813.0 90.0 231.1

844.1 79.3 236.1

878.6 86.3 235.0

850.6 80.0 234.9

6 7 8

Government-sponsored enterprises ABS issuers Finance companies

36.9 633.3 307.5

20.6 596.8 393.0

0.0 571.5 492.3

0.0 604.0 516.5

0.0 664.2 534.4

0.0 683.7 584.1

0.0 680.4 580.7

0.0 684.1 581.8

0.0 677.0 596.3

0.0 653.8 575.8

0.0 636.5 546.8

9 10 11

9 10 11

L.223 Trade Credit Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total trade payables

2

Household sector

3 4 5

Nonfinancial corporate business Nonfarm noncorporate business Farm business

6 7

State and local governments Federal government

8 9

Rest of the world Brokers and dealers

10

Total trade receivables

11 12

Nonfinancial corporate business Nonfarm noncorporate business

13 14 15

State and local governments Federal government Rest of the world

16 17

Property-casualty insurance companies ABS issuers

18

Discrepancy

2443.0

2465.4

2659.8

3000.2

3191.8

3432.1

3430.4

3430.7

3390.1

3304.1

3245.7

1

152.0

156.8

173.3

186.3

199.9

214.5

218.4

222.2

226.2

230.2

231.8

2

1457.4 281.0 7.6

1402.7 255.3 7.1

1499.9 277.4 8.9

1699.4 329.4 6.4

1813.0 349.4 -1.3

1918.3 395.1 -2.4

1892.9 402.8 -4.8

1872.2 407.4 -13.0

1821.2 411.9 -9.6

1766.3 412.1 -10.1

1673.4 407.0 -6.5

3 4 5

390.3 78.8

419.5 151.2

449.9 166.3

482.4 198.8

517.3 204.5

555.4 233.5

565.4 242.9

575.8 259.0

586.4 253.9

596.5 226.8

606.4 227.2

6 7

38.6 37.4

44.7 28.2

48.2 36.0

54.5 43.1

60.7 48.3

71.9 45.8

69.3 43.5

68.0 39.1

65.8 34.4

61.1 21.2

58.6 47.8

8 9

2440.2

2439.6

2623.1

2994.2

3049.4

3333.8

3405.9

3459.3

3430.8

3272.1

3232.9

10

1719.6 362.8

1702.4 337.7

1831.3 364.3

2109.0 430.9

2090.8 470.9

2263.1 550.1

2304.4 563.6

2357.4 571.5

2329.5 579.3

2185.2 579.6

2165.8 570.8

11 12

118.4 32.2 48.8

126.5 51.3 50.1

134.4 61.8 49.0

144.7 70.9 56.9

158.5 71.3 62.8

168.4 71.5 83.5

167.9 71.1 94.3

166.2 71.7 100.1

166.7 71.4 102.0

164.0 71.6 89.6

165.1 71.4 86.9

13 14 15

74.8 83.5

79.3 92.3

79.6 102.6

82.1 99.8

87.0 108.3

85.4 111.7

86.3 118.4

87.1 105.2

87.1 94.7

86.7 95.5

86.7 86.1

16 17

2.8

25.7

36.8

6.0

142.4

98.4

24.5

-28.6

-40.6

31.9

12.9

18

L.224 Security Credit Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

738.8

858.8

1038.2

1038.4

1249.9

1526.4

1647.1

1564.9

1685.2

1128.5

1007.6

1

2 3

Household sector Rest of the world

148.2 0.0

182.5 0.0

264.0 0.0

232.4 0.0

292.1 0.0

325.5 0.0

365.3 0.0

291.5 0.0

402.3 0.0

164.8 0.0

133.7 0.0

2 3

4 5 6 7

Brokers and dealers Customer credit balances (HH) From U.S.-chartered commercial banks From foreign banking offices in U.S.

590.6 412.7 79.2 98.7

676.3 475.4 91.4 109.5

774.2 578.3 102.2 93.7

806.0 575.3 95.6 135.1

957.8 655.7 116.5 185.6

1200.9 866.4 145.9 188.6

1281.7 984.5 158.4 138.8

1273.4 992.1 158.1 123.2

1282.9 998.6 178.8 105.5

963.6 742.7 158.6 62.3

874.0 657.4 139.1 77.5

4 5 6 7

738.8

858.8

1038.2

1038.4

1249.9

1526.4

1647.1

1564.9

1685.2

1128.5

1007.6

8

8

Total liabilities

Total assets

9 10

Household sector Rest of the world

412.7 0.0

475.4 0.0

578.3 0.0

575.3 0.0

655.7 0.0

866.4 0.0

984.5 0.0

992.1 0.0

998.6 0.0

742.7 0.0

657.4 0.0

9 10

11 12

Commercial banking Brokers and dealers

177.9 148.2

200.9 182.5

195.8 264.0

230.7 232.4

302.2 292.1

334.5 325.5

297.2 365.3

281.4 291.5

284.3 402.3

221.0 164.8

216.5 133.7

11 12


97

Z.1, June 11, 2009

L.225 Life Insurance and Pension Fund Reserves Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

2003

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

Life insurance reserves: 1

Total liabilities

920.9

1013.2

1060.4

1082.6

1163.7

1201.5

1187.2

1196.4

1197.7

1179.8

1169.8

1

2 3

Federal government Life insurance companies

39.4 881.6

40.5 972.7

41.6 1018.8

42.7 1039.9

44.2 1119.5

45.4 1156.1

45.3 1141.9

45.8 1150.5

45.7 1152.0

46.4 1133.4

46.3 1123.5

2 3

4

Total assets (Households)

920.9

1013.2

1060.4

1082.6

1163.7

1201.5

1187.2

1196.4

1197.7

1179.8

1169.8

4

8189.4

9718.9

10635.5

11373.7

12696.5

13376.4

12574.5

12473.4

11830.9

10442.4

9902.8

5

Pension fund reserves: 5

Total liabilities

6 7

Life insurance companies Private pension funds (1)

1604.9 3717.3

1803.2 4561.3

2027.9 4963.0

2197.4 5341.4

2332.4 6047.9

2437.8 6426.0

2367.3 5956.4

2364.0 5884.5

2308.2 5478.2

2150.6 4635.4

2115.3 4310.0

6 7

8 9

State and local govt. retirement funds Federal government retirement funds (2)

1973.4 893.8

2396.0 958.5

2621.3 1023.3

2763.4 1071.5

3175.1 1141.1

3315.5 1197.2

3079.4 1171.4

3045.7 1179.2

2855.9 1188.5

2435.2 1221.2

2285.1 1192.4

8 9

8189.4

9718.9

10635.5

11373.7

12696.5

13376.4

12574.5

12473.4

11830.9

10442.4

9902.8

10

10

Total assets (Households) (3)

(1) Includes unallocated insurance company contracts beginning 1985:Q4. (2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds. (3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1

Total taxes payable by all businesses

183.0

182.7

207.8

221.4

251.3

258.1

269.7

253.8

254.5

220.7

233.4

1

2 3

Nonfinancial corporate business Nonfarm noncorporate business

93.0 70.2

81.2 69.7

88.0 78.0

93.1 86.7

92.8 95.7

94.1 103.1

106.7 104.4

101.1 105.1

105.3 105.9

94.7 105.9

107.3 105.1

2 3

4 5

U.S.-chartered commercial banks Savings institutions

16.2 2.2

19.1 2.6

22.2 3.6

25.6 3.6

29.3 3.3

33.3 1.3

34.3 1.6

35.4 1.0

36.4 1.1

37.5 1.0

38.6 1.4

4 5

6 7

Property-casualty insurance companies Life insurance companies

-3.7 -7.7

1.0 -5.8

1.5 -2.7

-1.6 -5.3

9.4 -1.3

7.0 -4.7

5.9 -7.8

-3.0 -11.6

-2.7 -17.9

-21.1 -24.4

-25.3 -21.8

6 7

8 9

Finance companies Brokers and dealers

11.6 1.3

13.2 1.8

15.0 2.2

17.1 2.1

19.3 2.8

21.8 2.2

22.5 2.0

23.2 2.6

23.9 2.5

24.6 2.5

25.3 2.9

8 9

153.9

165.0

190.3

235.3

290.5

342.0

355.0

369.3

384.5

385.3

390.0

10

59.5 94.4

73.6 91.4

99.6 90.7

141.0 94.3

189.0 101.5

237.5 104.5

248.0 107.0

259.8 109.5

269.0 115.5

269.8 115.5

274.5 115.5

11 12

29.1

17.8

17.5

-14.0

-39.2

-83.9

-85.3

-115.4

-130.0

-164.6

-156.5

13

10 11 12 13

Total business taxes receivable State and local governments Federal government Discrepancy

L.227 Proprietors’ Equity in Noncorporate Business Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 2 3 4

Total household equity Nonfarm noncorporate business Farm business Brokers and dealers

5037.9

5548.9

6358.8

7795.8

8263.7

8347.2

8210.2

8094.2

7969.0

7464.0

7155.5

1

3978.0 1055.0 5.0

4402.7 1133.2 13.0

5006.8 1340.8 11.2

6254.2 1529.9 11.7

6536.6 1717.2 9.8

6465.7 1871.9 9.6

6274.4 1926.1 9.7

6115.4 1968.5 10.2

5966.2 1992.5 10.3

5450.3 2001.2 12.5

5139.5 2003.6 12.4

2 3 4


98

Z.1, June 11, 2009

L.228 Total Miscellaneous Financial Claims Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2002

1

2004

2005

2006

2007 Q1

Q2

2008 Q3

Q4

2009 Q1

11612.8

12179.9

13712.7

14868.4

16079.7

17255.8

18280.5

18519.9

20016.5

21605.8

21201.0

1

2 3 4

Household sector Nonfinancial corporate business Nonfarm noncorporate business

20.0 3517.8 627.0

20.9 3411.8 649.7

22.5 3588.0 718.2

22.4 3849.3 861.2

22.8 3910.4 1006.6

23.9 3985.4 1102.6

25.2 4019.9 1115.2

25.5 4057.2 1121.1

25.3 4103.1 1129.8

27.0 4237.7 1125.0

26.5 4307.6 1109.9

2 3 4

5 6

Federal government Rest of the world

800.9 2299.6

843.6 2531.7

901.6 3349.9

946.1 3876.4

1002.4 4345.2

1081.0 4547.2

1076.3 5083.1

1093.8 5109.1

1128.6 6427.2

1192.4 7399.1

1176.6 6920.7

5 6

7 8 9 10

Monetary authority Commercial banking Savings institutions Credit unions

8.1 1430.8 61.5 5.7

8.3 1553.6 28.0 7.4

12.5 1700.0 33.1 9.3

15.3 1689.5 60.4 11.9

18.5 1814.5 80.1 9.2

21.0 2207.8 102.3 3.6

21.0 2327.4 91.0 7.6

21.3 2362.6 85.9 3.2

22.2 2356.9 58.4 1.9

23.1 2921.3 70.9 4.7

29.1 2934.1 70.2 16.9

7 8 9 10

11 12

Property-casualty insurance companies Life insurance companies

615.7 656.5

667.2 761.3

708.3 814.7

759.3 845.0

800.0 947.2

814.4 1043.8

822.1 1058.0

841.8 1066.5

860.1 973.8

848.4 952.0

850.2 940.1

11 12

13 14

Government-sponsored enterprises Finance companies

169.2 539.2

145.8 666.4

141.7 719.6

144.5 702.7

154.2 713.3

166.4 648.1

182.2 659.0

175.6 651.9

202.1 666.6

197.4 656.7

232.8 654.6

13 14

15 16 17

REITs Brokers and dealers Funding corporations

40.8 258.5 561.4

42.3 296.4 545.3

50.4 376.4 566.4

54.7 405.5 624.2

62.4 518.5 674.4

65.8 578.4 864.2

65.3 548.3 1179.0

63.7 527.8 1312.8

65.7 600.2 1394.8

62.2 429.5 1458.4

51.4 392.1 1488.2

15 16 17

15263.6

15545.4

17281.9

18520.4

20858.5

23264.8

24306.3

24397.9

24978.2

26144.0

27014.7

18

18

Total liabilities

2003

Total assets

19 20 21 22

Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business

434.2 7062.2 724.2 39.9

489.1 7117.4 774.7 41.2

541.5 7699.1 1009.5 43.2

591.1 8159.7 1265.5 44.5

631.2 8933.0 1644.4 48.6

699.0 9825.4 1926.1 52.0

723.3 9934.7 1973.0 52.6

740.3 10022.2 2000.6 53.2

767.5 10161.8 2028.0 53.8

776.5 10328.6 2028.8 54.4

782.8 10397.4 1998.4 54.4