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March 6, 2014
R
Z.1
Financial Accounts
of the United States
Flow of Funds, Balance Sheets,
and Integrated Macroeconomic Accounts
Household
1
net worth
Total
Households
Business
State and
local govts.
Federal
2003
49,426
8.0
11.8
2.2
8.3
10.9
2004
56,515
9.3
11.1
2.2
11.4
9.0
2005
62,538
9.3
11.2
9.0
5.8
7.0
2006
67,331
8.7
10.0
10.9
3.9
3.9
2007
67,753
8.6
6.8
13.6
5.5
4.9
2008
57,180
6.0
0.1
6.3
0.6
24.2
2009
58,920
3.1
-1.7
2.2
4.0
22.7
2010
63,354
4.1
-2.6
1.5
2.3
20.2
2011
64,763
3.7
-1.4
6.0
-1.7
11.4
2012
70,863
4.9
0.2
7.2
-0.2
10.9
2013
80,664
4.3
0.9
7.2
-1.3
6.5
Q1
67,220
4.7
-1.1
4.4
0.4
13.5
Q2
67,266
5.3
1.4
5.0
2.9
11.0
Q3
69,525
3.0
-1.5
5.0
-0.2
7.1
Q4
70,863
6.2
2.1
9.2
-3.8
10.4
Q1
74,088
4.4
-0.6
4.9
2.4
10.1
Q2
75,434
3.5
0.8
7.7
1.1
2.5
Q3
77,710
3.8
3.0
8.4
-3.9
1.5
Q4
80,664
5.4
0.4
7.1
-4.9
11.6
2012:
2013:
1. Shown on table B.100, which includes nonprofit organizations. Billions of dollars; amounts outstanding end of period, not
seasonally adjusted
2. Percentage changes shown on an end-of-period basis; quarterly data are seasonally adjusted annual rates
iii
Release Highlights
Fourth Quarter 2013
Topic
Description
iv
Topic
Description
Explanatory Notes
Financial Accounts of the United States
The Financial Accounts of the United States (previously
referred to as the Flow of Funds Accounts) are
organized into the following sections:
Growth Rates
Growth rates calculated from levels will include
revaluations and other changes in volume. To isolate
the effect of transactions on growth of a given asset or
liability, users should calculate the ratio of the flow in a
given period to the level in the preceding period.
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. Growth rates calculated from changes in
unadjusted levels printed in table L.2 may differ from
those in table D.1.
Seasonal Adjustment
Seasonal factors are recalculated and updated every
year, and these revised factors are first published in the
September release of second-quarter data. All series that
exhibit significant seasonal patterns are adjusted. The
seasonal factors are generated using the X-12-ARIMA
seasonal adjustment program from the U.S. Census
Bureau, estimated using the most recent 10 years of
data. Because the effects of the recent financial crisis
resulted in large outliers in some series that would have
distorted the estimated seasonal factors, seasonal factors
for some series were extrapolated using pre-crisis data.
Seasonally adjusted levels shown in table D.3 are
derived by carrying forward year-end levels by
seasonally adjusted flows.
vi
Data Revisions
Data shown for the most recent quarters are based on
preliminary and potentially incomplete information. A
summary list of the most recent data available for each
sector is provided in a table following these notes.
Nonetheless, when source data are revised or estimation
methods are improved, all data are subject to revision.
There is no specific revision schedule; rather, data are
revised on an ongoing basis. In each release of the
Financial Accounts, major revisions are highlighted at
the beginning of the publication.
Discrepancies
The data in the Financial Accounts come from a large
variety of sources and are subject to limitations and
uncertainty due to measurement errors, missing
information, and incompatibilities among data sources.
The size of this uncertainty cannot be quantified, but its
existence is acknowledged by the inclusion of
statistical discrepancies for various sectors and
financial instruments.
The discrepancy for a given sector is defined as the
difference between the aggregate value of the sectors
sources of funds and the value of its uses of funds. For a
financial instrument category, the discrepancy is defined
as the difference between the measurement of funds
raised through the financial instrument and funds
disbursed through that instrument. The relative size of
the statistical discrepancy is one indication of the quality
of the underlying source data. Note that differences in
seasonal adjustment procedures sometimes result in
quarterly discrepancies that partially or completely
offset each other in the annual data.
Production Schedule
The Financial Accounts are published online and in print
4 times per year, about 10 weeks following the end of
each calendar quarter. The publication and the guide are
available online here:
www.federalreserve.gov/releases/Z1
vii
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 2013:Q4. 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.
Federal government
(tables F.105 and L.105)
Monetary authority
(tables F.108 and L.108)
U.S.-chartered depository
institutions
(tables F.110 and L.110)
Credit unions
(tables F.113 and L.113)
viii
Sector Table
Property-casualty insurance
companies
(tables F.114 and L.114)
Mutual funds
(tables F.120 and L.120
Closed-end funds
(tables F.121 and L.121)
Exchange-traded funds
(tables F.121 and L.121)
Data for Fannie Mae, Freddie Mac, FHLB, Farmer Mac, FICO,
FCS, and REFCORP through 2013:Q4.
Data for Fannie Mae, Freddie Mac, Farmer Mac, and Ginnie
Mae through 2013:Q4.
Finance companies
(tables F.125 and L.125)
Holding companies
(table F.128 and L.128)
Funding corporations
(tables F.129 and L.129)
Estimates for this sector are largely residuals and are derived
from data for other sectors.
ix
Table
Page
Summaries
Flow of Funds Matrix Flows
D.1
D.2
D.3
F.1
F.2
F.3
F.4
F.5
L.1
L.2
10
L.3
10
L.4
11
L.5
11
F.6
12
F.7
13
F.8
14
F.9
15
F.10
16
L.10
17
Flows
Title
Levels
Table
Page
Table
Page
F.100
18
L.100
66
Nonfinancial Business
F.101
19
L.101
67
F.102
20
L.102
68
F.103
21
L.103
69
F.104
22
L.104
70
Federal Government
F.105
23
L.105
71
Sectors
Sectors
Rest of the World
F.106
24
L.106
72
Financial Business
F.107
25
L.107
73
Monetary Authority
F.108
26
L.108
74
F.109
27
L.109
75
F.110
28
L.110
76
F.111
29
L.111
77
F.112
30
L.112
78
Credit Unions
F.113
30
L.113
78
F.114
31
L.114
79
F.115
31
L.115
79
F.116
32
L.116
80
F.117
33
L.117
81
F.118
34
L.118
82
F.119
34
L.119
82
F.120
35
L.120
83
Mutual Funds
F.121
35
L.121
83
F.122
35
L.122
83
Government-Sponsored Enterprises
F.123
36
L.123
84
F.124
36
L.124
84
F.125
37
L.125
85
Finance Companies
F.126
37
L.126
85
F.127
38
L.127
86
F.128
39
L.128
87
Holding Companies
F.129
40
L.129
88
Funding Corporations
F.130
41
L.130
89
F.200
42
L.200
90
F.201
42
L.201
90
F.202
42
L.202
90
F.203
43
L.203
91
F.204
44
L.204
92
F.205
45
L.205
93
Instruments
xi
Instruments
Money Market Mutual Fund Shares
F.206
45
L.206
93
F.207
46
L.207
94
F.208
47
L.208
95
Treasury Securities
F.209
48
L.209
96
F.210
49
L.210
97
F.211
50
L.211
98
F.212
51
L.212
99
Corporate Equities
F.213
52
L.213
100
F.214
52
L.214
100
F.215
53
L.215
101
F.216
54
L.216
102
Total Mortgages
F.217
55
L.217
103
Home Mortgages
F.218
56
L.218
104
F.219
56
L.219
104
Commercial Mortgages
F.220
57
L.220
105
Farm Mortgages
F.221
57
L.221
105
Consumer Credit
F.222
58
L.222
106
Trade Credit
F.223
59
L.223
107
Security Credit
F.224
59
L.224
107
F.225
60
L.225
108
Pension Entitlements
F.226
60
L.226
108
F.227
60
L.227
108
F.228
60
L.228
108
F.229
61
L.229
109
F.230
62
L.230
110
F.231
63
L.231
111
F.232
64
L.232
112
Sector Discrepancies
F.11
65
Instrument Discrepancies
F.12
65
Balance Sheet
Title
Reconciliation
Table
Page
Table
Page
B.100
113
R.100
116
B.102
114
R.102
117
B.103
115
R.103
118
xii
Flows
Title
Table
Levels
Page
Table
Page
B.100.e
119
Supplementary Tables
Balance Sheet of Households and Nonprofit Organizations
with Equity Detail
Nonprofit Organizations
F.100.a
120
L.100.a
121
F.105.c
122
L.105.c
123
F.115.g
124
L.115.g
125
F.115.s
124
L.115.s
125
F.117.b
126
L.117.b
127
F.117.c
126
L.117.c
127
F.226.i
126
L.226.i
127
F.127.e
128
L.127.e
129
F.127.m
128
L.127.m
129
Title
Table
Page
S.1.a
130
S.2.a
131
S.3.a
133
S.4.a
136
S.5.a
139
Financial Business
S.6.a
142
Federal Government
S.7.a
145
S.8.a
148
S.9.a
151
Corporate equities
Mutual fund shares
Trade credit
Security credit
33
34
35
36
37
38
39
40
41
42
-403.5
6.7
492.5
--7.8
27.2
-323.6
722.8
-57.8
-245.5
-2.0
-167.3
-132.6
-37.6
104.3
-4.4
-9.3
-5.4
---5.7
-81.8
185.2
-26.3
--
829.9
976.5
--
2564.0
1734.1
1179.7
413.8
148.5
--7.8
----
U
(1)
--
----2.1
---5.4
35.4
114.4
----13.1
-21.7
2.0
-70.4
174.3
----------
--146.6
--------
2160.5
1397.7
762.9
S
(2)
Households
and Nonprofit
Organizations
98.6
----774.5
-0.7
155.3
--
-34.1
-20.2
3.0
-4.5
-7.6
---0.7
-5.4
---43.1
-118.4
85.2
-0.6
-1.1
213.3
1141.3
--
2115.6
1902.3
-100.9
1694.7
107.9
-1.2
----
U
(3)
--
---14.2
-5.5
278.7
-383.7
-137.4
--
915.4
12.7
--9.3
640.3
94.5
54.5
104.0
--
----------
--928.0
--------
2214.2
1512.1
702.1
S
(4)
Nonfinancial
Business
23.7
--3.1
-0.7
0.7
0.3
9.6
--
-31.5
0.7
-38.9
3.9
0.1
1.2
--1.5
--
-----7.4
21.0
1.2
0.9
-274.6
13.3
--
65.8
340.4
-4.8
326.1
-9.5
----
U
(5)
--
----287.2
--39.6
--
-38.9
----39.4
--0.5
---
----------
--287.9
--------
89.4
237.6
-148.2
S
(6)
State
and Local
Governments
-114.6
---19.7
-7.6
-4.8
-0.1
--
123.7
--0.0
--0.1
-6.8
4.0
113.1
-1.5
----69.6
-0.5
---
-710.0
174.4
--
-435.7
274.3
-0.7
274.3
--0.7
----
U
(7)
--
0.3
---102.0
--23.5
--
759.1
-759.5
-0.4
----0.0
--
0.0
0.0
-0.4
-------
--884.4
--------
-550.3
267.6
-817.9
S
(8)
Federal
Government
-395.8
6.7
492.5
-16.7
-7.8
810.0
-327.8
723.9
165.0
57.8
-187.3
-21.5
-203.3
-133.2
-45.1
105.5
-11.1
-3.1
102.2
-1.5
--48.8
-277.2
290.9
-25.7
-0.2
58.6
2305.5
--
4309.8
4251.2
1179.7
520.2
2443.6
107.9
-0.3
----
U
(9)
--
0.3
--14.2
-5.5
669.9
-383.7
-195.0
35.4
1750.0
12.7
759.5
-0.4
-43.2
640.3
116.2
57.0
33.6
174.3
0.0
0.0
-0.4
-------
--2246.9
--------
3913.9
3415.0
499.0
S
(10)
Domestic
Nonfinancial
Sectors
-194.8
10.9
---952.1
295.1
25.7
2.0
-21.7
1812.7
17.9
544.5
463.4
3.3
369.8
184.3
122.9
34.5
72.1
0.2
0.0
0.8
-9.6
760.1
6.6
76.0
-7.3
43.7
269.2
3947.4
--
477.1
207.9
-2.1
205.8
---
----
U
(11)
--
17.3
492.5
8.0
-2.3
247.3
171.4
662.1
0.3
0.6
184.6
-48.8
-239.0
--103.1
29.0
70.9
-2.3
--
----1065.0
332.0
414.2
28.7
56.6
--3678.2
--------
282.2
195.5
86.8
S
(12)
Domestic
Financial
Sectors
167.6
-----161.8
31.7
-87.6
11.9
0.0
513.3
1.8
418.3
-91.6
-1.4
191.5
--5.2
---
0.0
---260.4
48.9
47.4
61.7
56.3
230.3
782.4
--
230.6
0.3
----0.3
----
U
(13)
--
----167.6
211.4
--1.9
0.0
204.1
34.4
---129.6
39.2
1.0
---
-1.4
--86.9
-----114.7
--552.1
--------
398.1
-398.1
S
(14)
Rest of
the World
General notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
23
24
25
26
27
28
29
30
31
32
11
12
13
4
5
6
7
8
9
10
14
15
16
17
18
19
20
21
22
1
2
3
-423.1
17.6
492.5
-16.7
-7.8
1600.2
-1.0
662.1
178.9
36.0
2138.7
-1.7
759.5
238.6
-43.2
666.8
184.3
128.8
31.3
174.3
-1.4
0.0
0.8
39.2
1020.5
332.7
414.2
28.7
99.9
558.1
7035.3
--
5017.4
4459.3
1179.7
522.3
2649.4
107.9
--
----
U
(15)
S
(16)
--
17.6
492.5
-6.2
-7.8
1084.7
-1.0
662.1
193.5
36.0
2138.7
-1.7
759.5
238.6
-43.2
666.8
184.3
128.8
31.3
174.3
-1.4
0.0
-0.4
86.9
1065.0
332.0
414.2
28.7
-58.1
--6477.2
--------
4594.3
3610.4
983.8
All
Sectors
----
Summary
-423.1
--10.5
--515.5
--14.5
--
-----------
---1.1
47.7
44.4
-0.7
---157.9
-558.1
---
-423.1
135.0
------
(17)
Instrument
Discrepancy
Corporate equities
Mutual fund shares
Trade credit
Security credit
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1232.1
19600.7
-8724.5
900.8
13864.8
6692.1
-833.8
5652.1
17.0
944.3
121.4
1617.2
2793.1
-25.3
72.2
61.7
908.2
7388.5
1100.1
--
---50.8
--
66948.5
---
----27.0
--284.3
339.2
13105.1
---227.8
-88.0
141.3
9549.4
3098.6
-----
------
-13755.6
13755.6
----14455.3
-211.5
3025.0
--
296.1
40.2
102.4
7.3
32.6
---70.7
43.1
1019.3
1037.1
536.4
9.2
---56.5
--
20646.4
---
--146.0
8705.3
4709.7
21363.1
-2462.3
--
13621.8
143.1
--518.5
6435.5
1774.6
1245.1
3505.1
--
-----
------
-51008.2
20939.7
L
(4)
A
(3)
A
(1)
L
(2)
Nonfinancial
Business
Households
and Nonprofit
Organizations
--123.8
-87.7
152.7
73.5
172.3
--
1403.3
86.0
493.8
472.3
12.2
151.4
--187.6
--
125.0
310.7
141.5
111.6
------
2702.2
---
A
(5)
----1097.3
--786.1
--
2941.1
---2924.9
--16.2
---
-----
------
-4824.5
4824.5
L
(6)
State
and Local
Governments
--163.4
-149.6
35.1
-50.5
--
1041.4
--0.0
-0.6
-195.5
115.5
729.8
162.9
1.5
---
96.4
-----
1700.7
---
A
(7)
50.3
---3381.5
--251.5
--
12352.8
-12328.3
24.5
----0.0
--
-----
54.4
5.2
25.6
---
-16121.3
16121.3
L
(8)
Federal
Government
1232.1
19600.7
287.3
8724.5
15593.4
14052.6
6977.1
3247.7
833.8
8392.9
143.2
1540.6
601.0
1662.0
2945.0
-220.8
445.9
834.6
2215.4
8737.9
1778.0
120.9
96.4
--107.2
--
91997.9
---
A
(9)
50.3
-146.0
8705.3
9215.5
21363.1
-3784.2
339.2
42020.8
143.1
12328.3
24.5
3671.2
6435.5
1862.6
1402.5
13054.5
3098.6
-----
54.4
5.2
25.6
---
-85709.5
55641.1
L
(10)
Domestic
Nonfinancial
Sectors
183.8
---13397.4
15979.3
3506.1
135.2
714.7
40762.0
610.5
4945.5
6330.3
1942.8
7799.4
2507.1
1564.3
12798.1
2264.0
379.9
705.9
738.8
1029.9
34.6
5.2
45.5
33.7
2321.8
79974.0
---
A
(11)
1365.7
19600.7
-69.1
19.2
7814.8
6521.7
11526.8
14.5
1209.3
14081.1
400.3
-7768.7
-4867.5
367.6
487.5
189.5
--
3189.7
9878.0
2678.3
1185.7
----2783.0
-81799.4
75258.6
L
(12)
Domestic
Financial
Sectors
----3822.9
4655.6
1043.7
157.3
0.0
9836.4
197.0
5842.3
861.9
66.4
2730.1
-138.7
---
589.5
434.2
161.4
822.0
54.4
---362.5
21940.0
---
A
(13)
----5610.4
6802.7
-67.4
0.0
2889.5
407.4
---2171.5
276.8
33.8
---
---733.1
119.9
--837.0
--
-17059.9
10257.2
L
(14)
Rest of
the World
1416.0
19600.7
287.3
8724.5
32813.7
34687.5
11526.8
3540.3
1548.5
58991.4
950.7
12328.3
7793.2
3671.2
13474.5
2507.1
1923.8
13244.0
3098.6
3184.8
9878.0
2678.3
1972.8
185.4
5.2
45.5
141.0
2684.3
193911.9
---
A
(15)
L
(16)
1416.0
19600.7
76.8
8724.5
22640.7
34687.5
11526.8
3866.2
1548.5
58991.4
950.7
12328.3
7793.2
3671.2
13474.5
2507.1
1923.8
13244.0
3098.6
3189.7
9878.0
2678.3
1918.7
174.3
5.2
25.6
837.0
2783.0
-184568.9
141156.9
All
Sectors
General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2 is the sum of
corporate equities (line 23) and equity in noncorporate business (line 30). The matrix shows a discrepancy in column 17 for monetary gold (line 4) because by international accounting convention, monetary gold is a financial asset
without a corresponding liability.
1
2
3
---210.4
--10173.1
--325.9
--
-----------
5.0
---54.1
-11.0
--20.0
696.0
98.7
-9343.0
---
(17)
Instrument
Discrepancy
Summary
2
Domestic
financial
sectors
Foreign
Summary
Total
Total
Households
Home
mortgage
Business
Consumer
credit
Total
Corporate
State and
local
governments
Federal
government
1982
1983
1984
1985
1986
10.4
12.0
14.8
15.6
11.9
5.6
11.1
12.7
16.1
11.4
4.8
10.2
11.4
14.6
13.7
5.0
12.1
18.4
15.9
9.1
9.9
9.1
16.1
11.0
11.6
10.2
8.3
16.7
12.7
14.1
11.2
11.4
11.4
31.8
10.9
19.7
18.9
16.9
16.5
13.6
13.6
13.3
17.5
19.3
26.2
7.5
8.3
3.7
0.5
2.9
1987
1988
1989
1990
1991
9.1
9.1
7.3
6.5
4.4
10.4
9.8
9.1
7.0
5.1
13.4
11.8
10.9
8.9
7.0
4.8
6.7
6.3
1.9
-1.1
7.8
9.9
6.3
3.6
-2.1
8.8
10.9
7.4
5.3
-2.1
12.0
6.0
5.3
5.0
9.2
8.0
8.0
7.0
11.0
11.1
18.3
13.1
10.5
8.6
5.9
3.2
-1.2
-2.1
3.0
3.4
1992
1993
1994
1995
1996
4.6
5.6
5.1
5.0
5.1
5.4
6.0
7.7
7.0
6.7
6.5
5.5
5.6
4.9
6.2
1.1
7.4
15.2
14.4
9.0
-0.3
3.1
5.4
6.2
6.0
0.7
5.3
7.1
7.1
6.0
1.5
5.3
-3.9
-5.5
-2.0
10.9
8.3
4.7
4.1
4.0
8.5
9.7
14.0
11.4
12.4
3.9
15.6
-4.4
15.6
14.5
1997
1998
1999
2000
2001
5.5
6.5
6.2
5.0
6.4
5.9
7.6
8.0
9.0
9.6
6.1
8.0
9.4
8.7
10.6
5.5
7.2
7.8
11.4
8.6
9.2
11.5
10.4
9.3
6.0
9.6
10.9
9.5
8.6
4.9
4.9
6.2
3.3
1.4
8.8
0.6
-1.4
-1.9
-8.0
-0.2
12.0
19.4
16.6
10.7
10.6
11.1
4.6
1.5
7.6
-2.2
2002
2003
2004
2005
2006
7.4
8.0
9.3
9.3
8.7
10.7
11.8
11.1
11.2
10.0
13.3
14.5
13.5
13.4
11.2
5.6
5.3
5.6
4.5
5.3
3.0
2.2
6.8
9.0
10.9
1.3
1.7
4.8
6.9
9.2
11.1
8.3
11.4
5.8
3.9
7.6
10.9
9.0
7.0
3.9
9.6
10.7
8.6
9.4
10.3
9.0
4.1
11.9
7.9
21.8
2007
2008
2009
2010
2011
8.6
6.0
3.1
4.1
3.7
6.8
0.1
-1.7
-2.6
-1.4
7.1
-0.4
-1.5
-3.5
-2.3
6.1
1.3
-3.9
-1.0
4.1
13.6
6.3
-2.2
1.5
4.8
13.5
5.2
-1.9
2.8
7.0
5.5
0.6
4.0
2.3
-1.7
4.9
24.2
22.7
20.2
11.4
12.7
5.5
-10.6
-5.9
-3.0
9.2
-10.0
11.9
3.8
5.6
2012
2013
4.9
4.3
0.2
0.9
-2.5
-0.8
6.1
6.0
6.0
7.2
8.1
9.0
-0.2
-1.3
10.9
6.5
-2.8
1.3
5.0
7.3
2007 -- Q1
Q2
Q3
Q4
8.7
8.3
8.8
7.3
7.6
7.2
7.0
4.8
8.9
7.7
7.2
3.8
4.9
5.7
7.8
5.7
11.6
14.0
14.0
12.5
10.2
14.4
14.5
12.3
7.0
6.1
4.4
3.9
6.7
1.3
5.6
5.4
11.2
10.5
16.5
10.1
13.7
17.9
2.1
2.1
2008 -- Q1
Q2
Q3
Q4
6.6
3.5
7.2
6.1
4.0
-0.2
-1.0
-2.4
3.4
-0.3
-1.3
-3.3
6.0
2.4
-0.7
-2.4
9.1
7.6
5.5
2.4
9.0
7.0
4.5
-0.2
2.0
0.9
0.7
-1.1
10.7
5.8
36.0
37.5
6.2
6.4
6.6
2.6
11.0
-0.2
-28.4
-25.0
2009 -- Q1
Q2
Q3
Q4
4.3
4.4
2.1
1.4
-1.1
-1.5
-2.1
-2.1
0.1
-1.8
-2.3
-2.1
-3.1
-5.8
-3.3
-3.7
-0.8
-1.9
-3.4
-2.8
-0.5
-1.2
-3.5
-2.6
2.7
5.1
3.9
4.0
25.8
27.0
18.4
13.0
-10.8
-13.4
-10.5
-8.4
11.4
11.3
15.1
6.7
2010 -- Q1
Q2
Q3
Q4
3.8
4.0
4.1
4.4
-3.9
-2.2
-2.6
-1.8
-5.7
-2.8
-3.3
-2.5
-3.0
-2.5
-0.2
1.8
0.4
-1.0
3.6
3.0
1.3
-1.1
5.7
5.0
3.4
0.5
1.8
3.6
22.0
22.0
15.9
15.6
-8.2
-7.1
-4.4
-5.1
5.0
-2.9
6.2
6.5
2011 -- Q1
Q2
Q3
Q4
2.7
2.7
4.7
4.6
-1.9
-2.6
-1.1
-0.1
-2.9
-2.3
-1.8
-2.4
4.1
3.6
3.6
4.9
4.0
5.6
4.2
5.0
6.2
8.4
6.0
6.7
-2.4
-2.7
-0.3
-1.6
9.1
8.0
14.4
12.1
-1.0
-4.7
-3.2
-3.3
18.2
7.3
-2.1
-1.2
2012 -- Q1
Q2
Q3
Q4
4.7
5.3
3.0
6.2
-1.1
1.4
-1.5
2.1
-3.5
-2.2
-3.3
-1.0
5.4
7.4
4.8
6.5
4.4
5.0
5.0
9.2
6.3
6.5
6.6
11.8
0.4
2.9
-0.2
-3.8
13.5
11.0
7.1
10.4
-2.8
-4.8
-2.0
-1.7
0.5
-2.7
9.0
12.4
2013 -- Q1
Q2
Q3
Q4
4.4
3.5
3.8
5.4
-0.6
0.8
3.0
0.4
-2.0
-1.1
0.9
-1.0
6.2
5.8
5.9
5.4
4.9
7.7
8.4
7.1
7.2
9.3
10.3
8.2
2.4
1.1
-3.9
-4.9
10.1
2.5
1.5
11.6
-0.0
0.4
0.6
4.4
14.1
1.6
4.2
9.2
Summary
Total
Total
Households
Home
mortgage
Business
Consumer
credit
Total
Corporate
State and
local
governments
Federal
government
Domestic
financial
sectors
Foreign
1982
1983
1984
1985
1986
451.3
572.6
790.9
957.7
845.4
84.6
175.3
220.4
313.8
258.6
47.4
105.1
127.3
181.5
199.3
18.8
48.2
81.7
84.0
55.8
163.7
164.8
320.8
254.6
296.7
105.8
93.4
207.1
184.2
229.5
41.7
47.3
52.5
163.6
74.2
161.3
185.2
197.2
225.7
216.0
93.6
104.3
156.2
203.2
330.1
16.0
17.3
8.4
1.2
10.2
1987
1988
1989
1990
1991
721.3
784.4
685.3
658.4
473.4
264.3
270.4
276.8
233.2
183.3
221.5
215.7
224.9
200.1
174.6
32.3
46.6
47.0
15.1
-8.8
222.6
308.5
214.8
131.2
-79.3
164.6
224.4
166.4
130.9
-53.1
90.4
50.4
47.4
47.1
91.2
143.9
155.1
146.4
246.9
278.2
291.8
249.8
224.8
207.8
153.1
11.4
-4.4
-7.9
11.1
13.4
1992
1993
1994
1995
1996
514.3
667.3
639.8
653.5
706.1
203.2
239.4
324.3
319.0
324.8
173.1
156.3
166.5
153.6
205.1
9.2
61.4
135.0
147.0
105.7
-9.3
113.8
205.3
250.8
257.0
17.1
134.4
190.8
205.5
186.5
16.5
57.9
-45.5
-60.8
-20.5
304.0
256.1
155.9
144.4
144.9
236.5
292.9
464.4
433.6
523.2
16.4
67.5
-23.2
76.4
89.0
1997
1998
1999
2000
2001
794.2
998.0
1011.8
864.8
1164.1
305.0
415.1
474.8
575.1
666.5
215.9
301.4
379.2
383.5
508.2
70.3
97.1
112.4
176.5
150.6
415.3
568.8
571.0
568.7
397.7
313.4
389.8
377.2
376.2
234.2
50.8
66.8
37.3
16.9
105.5
23.1
-52.6
-71.2
-295.9
-5.6
570.3
1026.5
1052.6
790.8
862.3
77.7
36.0
12.9
60.5
-19.0
2002
2003
2004
2005
2006
1429.8
1671.9
2096.9
2346.9
2402.2
812.6
993.1
1052.2
1184.9
1170.2
706.1
872.0
934.7
1053.2
997.2
105.2
105.9
117.2
100.4
121.9
215.0
162.2
504.0
713.5
947.6
63.2
88.4
249.3
371.9
532.4
144.6
120.5
178.8
141.7
100.9
257.6
396.0
361.9
306.9
183.4
881.6
1071.5
938.8
1113.7
1336.3
81.4
45.0
152.4
115.8
335.7
2007
2008
2009
2010
2011
2581.9
1960.9
1070.0
1472.3
1375.9
880.9
13.8
-231.1
-349.7
-186.3
701.2
-38.1
-159.9
-365.6
-229.1
151.3
34.8
-103.7
-25.3
108.9
1317.2
690.0
-255.9
172.3
547.1
855.6
371.2
-147.1
204.4
524.9
146.7
17.9
113.0
69.5
-52.7
237.1
1239.2
1443.9
1580.2
1067.9
1813.8
897.9
-1808.7
-931.8
-435.2
175.6
-216.2
208.1
81.4
128.9
2012
2013
1882.3
1750.0
27.0
114.4
-237.9
-74.6
169.4
174.3
720.4
915.4
643.9
782.5
-5.3
-38.9
1140.2
759.1
-395.6
184.6
126.2
204.1
2007 -- Q1
Q2
Q3
Q4
2617.9
2569.1
2779.1
2361.3
986.7
950.1
936.2
650.6
880.4
783.7
739.9
400.8
119.5
141.9
196.8
146.8
1114.9
1388.4
1439.8
1325.8
645.0
936.3
980.2
861.0
187.5
165.9
123.0
110.3
328.9
64.6
280.1
274.7
1592.4
1550.4
2511.2
1601.3
261.5
353.6
42.3
45.2
2008 -- Q1
Q2
Q3
Q4
2157.2
1155.7
2433.1
2097.5
556.7
-30.3
-136.2
-335.0
362.1
-28.2
-139.4
-347.0
156.8
64.1
-17.8
-63.7
994.8
855.4
628.1
281.4
646.1
513.1
340.7
-15.1
56.3
25.5
21.1
-31.2
549.4
305.0
1920.1
2182.3
999.8
1045.9
1099.7
446.1
238.2
-3.6
-621.2
-478.4
2009 -- Q1
Q2
Q3
Q4
1480.5
1552.1
756.9
490.3
-146.3
-202.0
-293.6
-282.4
11.9
-186.0
-244.9
-220.7
-81.1
-153.1
-85.7
-95.1
-88.0
-219.8
-391.8
-323.8
-37.4
-94.5
-263.3
-193.5
76.0
146.2
113.2
116.8
1638.9
1827.7
1329.1
979.8
-1848.8
-2297.2
-1741.5
-1347.4
199.8
201.4
290.0
141.3
2010 -- Q1
Q2
Q3
Q4
1342.5
1423.8
1490.1
1632.8
-523.6
-292.0
-349.0
-234.3
-590.2
-284.6
-334.2
-253.4
-77.7
-63.8
-4.2
44.3
44.5
-110.0
406.6
348.0
96.8
-77.7
422.8
375.5
100.9
14.8
54.6
107.8
1720.7
1811.0
1377.9
1411.3
-1292.1
-1057.1
-637.7
-740.1
105.5
-63.6
133.7
150.1
2011 -- Q1
Q2
Q3
Q4
987.1
998.9
1757.0
1760.7
-249.0
-340.1
-137.4
-19.0
-283.2
-222.6
-173.1
-237.6
109.5
95.7
96.2
134.1
451.8
646.9
493.8
595.8
466.4
636.9
467.8
528.6
-73.6
-80.0
-10.2
-47.0
857.9
772.1
1410.8
1230.9
-148.7
-672.1
-450.8
-469.0
420.2
178.8
-53.6
-30.0
2012 -- Q1
Q2
Q3
Q4
1812.1
2061.8
1188.3
2467.1
-141.3
184.6
-201.6
266.3
-335.2
-209.2
-312.9
-94.3
148.5
205.7
136.3
186.9
529.0
603.7
608.8
1140.2
507.1
530.7
544.2
993.7
13.2
87.8
-6.5
-115.5
1411.2
1185.7
787.7
1176.1
-388.8
-678.6
-272.0
-243.2
12.6
-68.3
230.0
330.4
2013 -- Q1
Q2
Q3
Q4
1781.8
1423.8
1548.7
2245.6
-84.2
100.5
392.8
48.7
-191.9
-102.1
88.6
-93.1
180.5
171.3
179.1
166.3
624.3
990.7
1098.3
948.1
623.9
819.5
927.9
758.5
73.0
32.8
-116.5
-144.8
1168.7
299.9
174.1
1393.6
-4.2
52.9
78.3
611.5
393.4
46.0
117.6
259.5
Domestic
financial
sectors
Foreign
Summary
Business
Consumer
credit
Corporate
Federal
government
Total
Total
1982
1983
1984
1985
1986
4773.1
5348.6
6134.8
7110.6
7953.0
1575.8
1731.1
1943.1
2277.7
2534.2
1031.1
1116.2
1242.8
1449.6
1648.3
396.7
444.9
526.6
610.6
666.4
1801.8
1989.5
2313.8
2565.1
2860.8
1124.1
1240.5
1451.2
1632.1
1860.6
413.8
461.1
513.6
677.9
752.1
981.8
1167.0
1364.2
1589.9
1805.9
785.5
890.1
1054.9
1259.0
1596.6
208.1
224.1
232.8
350.1
360.0
1987
1988
1989
1990
1991
8656.1
9437.0
10139.3
10825.1
11295.2
2752.5
3039.8
3309.2
3571.6
3758.5
1827.9
2054.2
2259.5
2488.8
2667.0
698.6
745.2
809.3
824.4
815.6
3111.2
3399.3
3638.6
3767.9
3681.7
2053.0
2257.3
2448.4
2577.4
2519.7
842.6
893.0
940.4
987.4
1078.6
1949.8
2104.9
2251.2
2498.1
2776.4
1899.7
2149.5
2402.8
2613.8
2766.8
372.3
371.3
371.3
388.9
419.2
1992
1993
1994
1995
1996
11812.7
12494.8
13140.9
13810.3
14516.4
3961.7
4203.5
4527.0
4846.1
5183.8
2840.0
2998.7
3165.3
3318.9
3537.0
824.8
886.2
1021.2
1168.2
1273.9
3675.6
3801.8
4014.1
4280.7
4524.6
2540.0
2686.9
2884.8
3106.1
3279.6
1095.1
1153.0
1107.5
1046.7
1026.2
3080.3
3336.5
3492.3
3636.7
3781.7
3018.9
3317.2
3789.7
4226.3
4749.5
433.6
527.1
490.0
612.6
703.3
1997
1998
1999
2000
2001
15309.0
16307.0
17353.2
18227.9
19374.9
5489.3
5903.1
6377.9
6962.9
7628.5
3752.8
4054.2
4431.1
4813.3
5321.5
1344.2
1441.3
1553.6
1741.3
1891.8
4937.9
5508.0
6113.3
6682.0
7063.6
3590.9
3981.9
4393.5
4769.7
4987.9
1076.9
1143.8
1181.0
1197.9
1303.4
3804.8
3752.2
3681.0
3385.1
3379.5
5299.7
6326.2
7376.5
8168.4
9156.8
777.4
835.8
794.8
858.5
901.5
2002
2003
2004
2005
2006
20804.7
22520.8
25349.6
27696.5
30174.4
8441.1
9464.3
10536.5
11721.4
12946.5
6027.6
6909.3
7858.8
8912.1
9909.3
1997.0
2102.9
2220.1
2320.6
2462.8
7278.7
7455.0
7969.9
8683.4
9651.8
5051.1
5153.5
5413.8
5785.7
6338.9
1447.9
1568.4
2448.2
2589.8
2690.8
3637.0
4033.1
4395.0
4701.9
4885.3
10038.4
10945.2
11898.8
12958.0
14261.3
1096.9
1279.4
1462.0
1539.9
1911.8
2007
2008
2009
2010
2011
32765.3
34726.1
35668.5
37041.7
38423.1
13830.0
13848.7
13574.2
13198.3
13017.3
10610.5
10577.3
10417.3
9907.2
9678.1
2616.6
2651.4
2553.5
2648.1
2757.0
10975.5
11660.5
11320.5
11419.8
11966.9
7201.0
7567.3
7336.0
7473.5
7998.4
2837.5
2855.4
2968.4
3038.0
2985.3
5122.3
6361.5
7805.4
9385.6
10453.6
16204.9
17102.5
15689.8
14487.0
14046.5
2160.8
1753.2
2131.1
2314.0
2513.8
2012
2013
40286.6
42020.8
12979.6
13105.1
9435.2
9371.6
2924.3
3098.6
12733.3
13621.8
8685.9
9441.5
2980.0
2941.1
11593.7
12352.8
13910.7
14081.1
2784.1
2889.5
2007 -- Q1
Q2
Q3
Q4
30835.4
31477.7
32175.0
32765.3
13193.2
13430.7
13667.3
13830.0
10129.4
10325.3
10510.3
10610.5
2492.6
2528.1
2579.9
2616.6
9937.0
10284.2
10644.1
10975.5
6506.6
6740.7
6985.7
7201.0
2737.7
2779.1
2809.9
2837.5
4967.5
4983.6
5053.7
5122.3
14786.6
15174.2
15804.6
16204.9
1975.5
2055.4
2115.2
2160.8
2008 -- Q1
Q2
Q3
Q4
33304.6
33593.5
34201.8
34726.1
13969.1
13961.6
13932.4
13848.7
10701.0
10694.0
10664.0
10577.3
2655.7
2671.8
2667.3
2651.4
11224.2
11438.1
11590.2
11660.5
7362.5
7490.8
7571.0
7567.3
2851.5
2857.9
2863.2
2855.4
5259.7
5335.9
5816.0
6361.5
16454.9
16716.4
16991.0
17102.5
2254.8
2183.6
1915.9
1753.2
2009 -- Q1
Q2
Q3
Q4
35035.2
35423.2
35612.5
35668.5
13741.5
13691.0
13617.6
13574.2
10580.2
10533.7
10472.5
10417.3
2631.1
2598.7
2577.2
2553.5
11648.1
11593.1
11495.2
11320.5
7567.5
7543.8
7478.0
7336.0
2874.4
2910.9
2939.2
2968.4
6771.3
7228.2
7560.5
7805.4
17092.9
16518.6
16083.2
15689.8
1779.0
1920.3
2094.3
2131.1
2010 -- Q1
Q2
Q3
Q4
36035.4
36391.3
36767.5
37041.7
13456.1
13383.1
13299.4
13198.3
10268.6
10197.5
10117.5
9907.2
2537.6
2521.7
2520.7
2648.1
11350.0
11322.6
11424.2
11419.8
7377.4
7358.0
7463.7
7473.5
2993.6
2997.3
3011.0
3038.0
8235.6
8688.4
9032.8
9385.6
14858.8
14594.5
14435.1
14487.0
2179.7
2169.2
2309.4
2314.0
2011 -- Q1
Q2
Q3
Q4
37288.5
37543.6
37982.9
38423.1
13136.1
13056.4
13022.1
13017.3
9836.4
9780.8
9737.5
9678.1
2675.5
2699.4
2723.4
2757.0
11532.8
11694.5
11817.9
11966.9
7590.0
7749.3
7866.2
7998.4
3019.6
2999.6
2997.0
2985.3
9600.1
9793.2
10145.9
10453.6
14449.9
14276.4
14163.7
14046.5
2437.3
2521.0
2508.6
2513.8
2012 -- Q1
Q2
Q3
Q4
38871.6
39382.1
39671.3
40286.6
12984.4
13025.5
12915.4
12979.6
9594.3
9537.0
9458.8
9435.2
2794.1
2843.5
2877.6
2924.3
12092.3
12243.2
12447.3
12733.3
8115.8
8248.5
8436.5
8685.9
2988.6
3010.5
3008.9
2980.0
10806.4
11102.8
11299.7
11593.7
14012.8
13843.1
13961.4
13910.7
2553.3
2543.4
2675.5
2784.1
2013 -- Q1
Q2
Q3
Q4
40732.1
41088.0
41474.9
42020.8
12958.6
12983.7
13092.9
13105.1
9387.2
9361.7
9394.9
9371.6
2969.5
3012.3
3057.1
3098.6
12889.3
13137.0
13400.2
13621.8
8841.8
9046.6
9267.2
9441.5
2998.2
3006.4
2977.3
2941.1
11885.9
11960.9
12004.4
12352.8
13909.7
13922.9
13939.9
14081.1
2856.4
2779.3
2824.6
2889.5
Total
State and
local
governments
Summary
1
2
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
-530.6
621.9
1069.6
1612.9
2138.7
1146.3
2554.4
2170.9
1522.6
1744.7
3116.7
1070.0
1472.3
1375.9
1882.3
1750.0
1188.3
2467.1
1781.8
1423.8
1548.7
2245.6
3
4
5
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
-231.1
-147.1
-108.7
-349.7
204.4
-32.1
-186.3
524.9
22.1
27.0
643.9
76.5
114.4
782.5
132.9
-201.6
544.2
64.6
266.3
993.7
146.5
-84.2
623.9
0.4
100.5
819.5
171.2
392.8
927.9
170.4
48.7
758.5
189.6
3
4
5
6
7
113.0
1443.9
69.5
1580.2
-52.7
1067.9
-5.3
1140.2
-38.9
759.1
-6.5
787.7
-115.5
1176.1
73.0
1168.7
32.8
299.9
-116.5
174.1
-144.8
1393.6
6
7
208.1
81.4
128.9
126.2
204.1
230.0
330.4
393.4
46.0
117.6
259.5
Financial sectors
-1808.7
-931.8
-435.2
-395.6
184.6
-272.0
-243.2
-4.2
52.9
78.3
611.5
10
11
12
-292.2
0.0
-14.1
-161.7
0.0
-0.4
-73.9
0.0
-2.0
-27.2
0.0
0.9
17.0
0.0
3.1
-74.5
0.0
2.6
24.3
0.0
2.8
-4.9
0.0
-11.4
64.4
0.0
4.9
5.4
0.0
12.5
3.2
0.0
6.4
10
11
12
13
14
15
-6.6
-475.3
415.3
-3.2
-233.8
186.9
1.8
-187.2
165.3
4.8
-154.6
132.2
5.4
106.5
132.4
-0.2
-113.2
105.6
-3.0
-75.4
142.4
5.2
43.1
138.8
6.5
136.7
88.9
-2.9
40.2
158.3
12.9
206.1
143.7
13
14
15
16
17
18
ABS issuers
Finance companies
REITs
-737.0
-156.2
-50.0
-497.6
-174.9
-2.1
-247.2
-13.5
28.2
-214.6
-56.7
42.9
-154.3
4.6
21.7
-249.9
60.1
27.4
-133.6
-161.6
60.4
-205.6
-49.5
16.9
-207.0
0.1
13.1
-136.1
59.3
62.6
-68.5
8.7
-5.9
16
17
18
19
20
21
-49.7
-8.0
-434.8
36.9
-16.5
-65.3
-37.9
-16.5
-52.4
-1.7
-97.7
-23.9
22.2
-1.6
27.5
-65.2
26.2
9.1
17.3
-69.3
-47.4
-4.2
-24.5
91.9
55.8
-149.7
39.1
-27.8
-36.1
-57.0
65.1
203.7
36.2
19
20
21
22
-530.6
621.9
1069.6
1612.9
2138.7
1146.3
2554.4
2170.9
1522.6
1744.7
3116.7
22
322.7
171.6
-221.3
80.3
-187.3
-332.0
169.9
-356.6
-22.5
-384.4
14.1
23
47.8
10.0
-6.7
17.9
2.6
6.6
-157.4
-6.7
1.0
34.5
8.7
1.4
-245.5
-36.9
2.8
-457.9
59.1
1.1
298.6
-52.0
2.9
-411.0
-113.2
0.9
-201.2
9.0
3.1
-334.2
-37.6
3.4
-35.5
-5.7
3.7
24
25
26
-37.4
309.1
60.8
83.6
-77.3
19.1
-69.3
105.0
-31.5
123.7
-49.0
114.7
-174.0
94.4
1.4
165.3
41.6
125.1
-121.2
105.2
-47.6
99.3
27
28
23
24
25
26
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
27
28
29
123.5
623.7
239.6
449.7
513.3
688.8
582.3
561.4
87.7
538.6
865.7
29
30
Financial sectors
-976.9
-173.3
1051.3
1082.9
1812.7
789.5
1802.1
1966.2
1457.4
1590.6
2236.8
30
1001.6
-340.5
-287.5
-2.8
33.5
271.5
-174.7
-24.4
-19.3
24.0
376.5
133.7
42.5
-4.9
37.6
34.5
361.8
5.8
-0.1
46.0
1086.1
246.5
-7.2
0.4
48.2
-203.4
182.2
79.2
-2.9
41.9
398.4
641.1
23.9
7.5
23.7
1134.2
147.3
-84.9
-1.1
53.7
1083.8
186.9
-39.1
-0.1
61.0
1023.6
75.5
74.2
-3.2
59.5
1102.9
576.3
20.9
6.0
18.4
31
32
33
34
35
31
32
33
34
35
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
36
37
33.3
139.8
3.9
151.6
36.2
125.3
-2.6
61.0
14.4
68.6
4.9
147.8
12.9
88.1
20.8
47.8
4.2
74.2
23.2
49.1
9.3
103.5
36
37
38
39
40
12.7
-85.8
7.4
123.2
22.1
10.9
73.2
0.4
25.6
12.9
14.0
15.4
44.8
9.3
9.1
-3.4
-20.2
20.5
-7.1
40.0
19.0
28.6
53.8
-14.0
70.0
-38.6
-44.3
44.2
11.8
-383.4
36.3
10.3
478.2
38
39
40
41
42
43
44
-619.9
387.1
10.5
46.0
-396.6
353.6
5.3
29.7
-9.8
359.4
-1.7
46.1
-82.7
642.0
11.2
52.3
30.9
360.8
17.7
12.2
-27.8
655.2
15.0
30.3
-78.4
579.2
14.7
40.3
79.9
670.9
30.4
28.1
112.2
257.6
26.1
13.1
83.7
226.8
0.7
17.3
-152.1
288.1
13.4
-9.7
41
42
43
44
45
46
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
-337.8
415.3
-328.2
186.9
-199.7
165.3
-218.6
132.2
45.3
132.4
-171.9
105.6
-172.3
142.4
-159.6
138.8
162.4
88.9
197.5
158.3
-19.0
143.7
45
46
47
48
49
ABS issuers
Finance companies
REITs
-702.4
-219.7
-8.7
-487.9
-105.9
37.1
-243.0
-45.8
102.9
-208.2
-29.6
127.7
-148.8
-15.9
-60.0
-245.9
-34.7
251.6
-132.6
-26.4
-59.3
-201.5
-22.6
-28.8
-191.4
26.1
-61.4
-129.7
-14.8
-74.0
-72.8
-52.3
-75.9
47
48
49
50
51
52
-192.1
-16.0
-250.9
32.2
22.1
89.7
5.7
3.1
22.7
89.1
-39.8
58.4
-175.4
55.9
37.4
16.8
-28.1
-23.2
132.8
-36.9
151.1
-167.4
26.0
185.7
-330.1
53.0
-57.1
-5.4
177.6
-21.9
-198.8
-32.9
42.9
50
51
52
Summary
1
2
Domestic
By instrument
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1070.0
1472.3
1375.9
1882.3
1750.0
1188.3
2467.1
1781.8
1423.8
1548.7
2245.6
1070.0
1472.3
1375.9
1882.3
1750.0
1188.3
2467.1
1781.8
1423.8
1548.7
2245.6
3
4
5
6
7
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Corporate bonds
-73.1
1443.7
0.1
155.3
411.7
24.5
1579.6
0.7
99.7
438.6
33.4
1066.8
1.1
-52.8
410.8
14.0
1140.6
-0.4
-4.9
579.6
12.7
759.5
-0.4
-43.2
640.3
-35.5
788.0
-0.3
-11.8
587.1
70.5
1174.1
1.9
-122.6
782.0
20.9
1169.7
-1.0
76.5
579.4
-19.3
298.5
1.3
24.7
570.8
92.5
173.6
0.5
-109.7
745.3
-43.2
1396.0
-2.4
-164.4
665.8
3
4
5
6
7
8
9
-303.1
-164.8
-51.5
-82.4
71.7
63.6
277.6
-22.7
116.2
57.0
110.8
-29.0
356.1
23.3
-8.8
7.8
154.0
190.0
231.6
10.0
87.9
20.1
8
9
Mortgages
Home
Multifamily residential
Commercial
Farm
Consumer credit
-296.3
-213.9
4.8
-98.5
11.3
-103.7
-511.5
-354.2
-5.8
-159.6
8.1
-25.3
-327.5
-255.3
5.7
-91.1
13.1
108.9
-270.8
-250.1
23.7
-50.2
5.8
169.4
33.6
-75.7
36.2
65.1
8.0
174.3
-357.3
-326.4
31.3
-68.0
5.8
136.3
-5.1
-101.5
41.9
48.7
5.8
186.9
-243.2
-205.9
-5.3
-40.0
7.9
180.5
32.3
-102.8
48.1
79.1
8.0
171.3
225.8
96.2
42.4
79.1
8.1
179.1
119.5
-90.3
59.5
142.3
8.1
166.3
10
11
12
13
14
15
1070.0
1472.3
1375.9
1882.3
1750.0
1188.3
2467.1
1781.8
1423.8
1548.7
2245.6
16
10
11
12
13
14
15
16
By sector
17
18
19
20
Household sector
Nonfinancial business
Corporate
Noncorporate
-231.1
-255.9
-147.1
-108.7
-349.7
172.3
204.4
-32.1
-186.3
547.1
524.9
22.1
27.0
720.4
643.9
76.5
114.4
915.4
782.5
132.9
-201.6
608.8
544.2
64.6
266.3
1140.2
993.7
146.5
-84.2
624.3
623.9
0.4
100.5
990.7
819.5
171.2
392.8
1098.3
927.9
170.4
48.7
948.1
758.5
189.6
17
18
19
20
21
22
113.0
1443.9
69.5
1580.2
-52.7
1067.9
-5.3
1140.2
-38.9
759.1
-6.5
787.7
-115.5
1176.1
73.0
1168.7
32.8
299.9
-116.5
174.1
-144.8
1393.6
21
22
208.1
81.4
128.9
126.2
204.1
230.0
330.4
393.4
46.0
117.6
259.5
23
59.4
163.3
-14.8
0.3
-2.7
59.9
24.0
0.2
-53.5
137.7
43.2
1.4
27.9
62.2
30.4
5.7
34.4
129.6
39.2
1.0
78.4
133.2
18.3
0.2
54.5
250.5
15.0
10.5
120.7
239.8
33.3
-0.4
13.7
3.9
24.9
3.5
-20.9
97.7
41.3
-0.4
24.1
177.0
57.2
1.2
24
25
26
27
1278.1
1553.7
1504.8
2008.5
1954.1
1418.3
2797.5
2175.1
1469.8
1666.3
2505.1
28
23
24
25
26
27
28
By instrument
-1808.7
-931.8
-435.2
-395.6
184.6
-272.0
-243.2
-4.2
52.9
78.3
611.5
2
3
4
5
-448.1
-475.3
415.3
-586.0
-102.2
-233.8
186.9
-575.2
-68.2
-187.2
165.3
-325.8
-58.8
-154.6
132.2
-209.6
-48.8
106.5
132.4
-103.1
-65.4
-113.2
105.6
-223.4
-86.1
-75.4
142.4
-140.8
-12.4
43.1
138.8
-248.9
-15.7
136.7
88.9
-296.6
-132.3
40.2
158.3
10.9
-35.0
206.1
143.7
122.2
2
3
4
5
6
7
8
-435.4
-282.6
3.4
-62.9
-144.7
0.2
31.6
-60.0
9.1
-124.0
3.5
15.6
29.0
70.9
-2.3
32.0
-19.8
12.2
-99.0
0.8
14.9
6.4
46.5
22.1
29.6
126.3
-16.4
-61.4
62.0
0.6
141.3
48.7
-15.4
6
7
8
-1808.7
-931.8
-435.2
-395.6
184.6
-272.0
-243.2
-4.2
52.9
78.3
611.5
By sector
10
11
12
-292.2
0.0
-14.1
-161.7
0.0
-0.4
-73.9
0.0
-2.0
-27.2
0.0
0.9
17.0
0.0
3.1
-74.5
0.0
2.6
24.3
0.0
2.8
-4.9
0.0
-11.4
64.4
0.0
4.9
5.4
0.0
12.5
3.2
0.0
6.4
10
11
12
13
14
15
-6.6
-475.3
415.3
-3.2
-233.8
186.9
1.8
-187.2
165.3
4.8
-154.6
132.2
5.4
106.5
132.4
-0.2
-113.2
105.6
-3.0
-75.4
142.4
5.2
43.1
138.8
6.5
136.7
88.9
-2.9
40.2
158.3
12.9
206.1
143.7
13
14
15
16
17
18
ABS issuers
Finance companies
REITs
-737.0
-156.2
-50.0
-497.6
-174.9
-2.1
-247.2
-13.5
28.2
-214.6
-56.7
42.9
-154.3
4.6
21.7
-249.9
60.1
27.4
-133.6
-161.6
60.4
-205.6
-49.5
16.9
-207.0
0.1
13.1
-136.1
59.3
62.6
-68.5
8.7
-5.9
16
17
18
19
20
21
-49.7
-8.0
-434.8
36.9
-16.5
-65.3
-37.9
-16.5
-52.4
-1.7
-97.7
-23.9
22.2
-1.6
27.5
-65.2
26.2
9.1
17.3
-69.3
-47.4
-4.2
-24.5
91.9
55.8
-149.7
39.1
-27.8
-36.1
-57.0
65.1
203.7
36.2
19
20
21
Summary
1
2
3
4
5
6
7
8
9
10
Total
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
-530.6
621.9
1069.6
1612.9
2138.7
1146.3
2554.4
2170.9
1522.6
1744.7
3116.7
-461.8
1443.7
-59.9
155.3
-11.0
-80.4
1579.6
-46.2
99.7
-76.7
-88.3
1066.8
-20.8
-52.8
222.7
-16.9
1140.6
-22.8
-4.9
432.2
-1.7
759.5
238.6
-43.2
666.8
-22.5
788.0
-7.9
-11.8
496.9
38.8
1174.1
68.9
-122.6
891.7
129.3
1169.7
181.0
76.5
570.3
-21.3
298.5
227.0
24.7
278.1
-60.8
173.6
199.0
-109.7
853.8
-54.0
1396.0
347.4
-164.4
965.0
2
3
4
5
6
-753.4
-447.0
-292.9
-103.7
-90.4
-226.9
-511.3
-25.3
146.6
4.9
-318.5
108.9
184.1
-13.5
-255.2
169.4
184.3
128.8
31.3
174.3
161.0
-48.6
-345.1
136.3
272.1
34.6
9.8
186.9
30.9
53.8
-221.1
180.5
208.5
319.8
15.9
171.3
211.6
71.6
226.5
179.1
286.4
70.0
104.0
166.3
7
8
9
10
814.9
363.2
36.3
476.6
661.1
735.2
408.0
1231.3
448.7
501.5
462.9
11
317.9
-62.1
-7.0
-277.4
-302.1
-472.2
-148.3
-399.5
-1.0
-383.7
-49.6
-395.4
-134.6
-403.4
274.5
-256.2
-58.2
-421.4
-172.4
-449.9
-47.8
-407.5
12
13
63.7
316.3
497.1
79.1
191.3
370.1
6.0
164.1
338.4
82.6
168.6
624.9
211.4
171.4
662.1
71.5
274.3
784.7
41.5
227.3
542.5
295.3
235.4
956.8
313.6
49.7
506.9
91.9
185.6
673.9
144.8
214.9
510.7
14
15
16
Memo:
Funds raised through corporate equities and mutual fund shares
11
12
13
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
-530.6
621.9
1069.6
1612.9
2138.7
1146.3
2554.4
2170.9
1522.6
1744.7
3116.7
99.9
3.0
-0.4
-110.7
1.8
0.0
-0.3
-9.3
15.9
0.0
0.0
-46.3
4.5
0.0
0.0
-30.2
-1.4
0.0
-0.4
86.9
3.3
0.0
0.0
141.0
-3.6
0.0
0.0
-89.1
3.5
0.0
0.0
96.8
-0.8
0.0
0.0
315.3
-4.0
0.0
-1.4
-73.3
-4.1
0.0
0.0
8.8
2
3
4
5
6
7
8
9
10
-541.1
-7.9
517.2
-173.6
-498.7
-145.2
266.3
298.3
-182.7
-503.2
818.5
234.5
577.4
-173.3
-112.8
-188.2
268.5
539.7
-19.2
7.1
1065.0
332.0
311.9
102.3
28.7
-487.5
223.1
529.6
-93.8
55.3
-343.7
623.6
736.4
126.3
312.8
1850.0
299.1
130.8
-6.4
-135.0
2000.7
70.2
371.4
46.4
77.2
527.7
161.7
604.1
227.4
270.2
-118.5
796.9
141.3
142.1
-97.8
6
7
8
9
10
11
12
13
14
290.4
317.9
497.1
-12.0
4.5
-7.0
370.1
226.5
-64.4
-302.1
338.4
58.9
17.1
-148.3
624.9
175.0
-58.1
-1.0
662.1
193.5
-102.2
-49.6
784.7
175.5
77.5
-134.6
542.5
111.9
-87.9
274.5
956.8
192.1
-507.1
-58.2
506.9
153.9
62.4
-172.4
673.9
273.3
300.3
-47.8
510.7
154.6
11
12
13
14
15
16
17
18
Security credit
Life insurance reserves
Pension entitlements
Taxes payable
-95.9
27.4
420.6
-3.4
123.6
14.5
595.9
19.4
97.8
81.2
485.5
20.6
188.9
-11.9
501.2
14.7
36.0
17.6
492.5
-6.2
266.3
11.3
541.2
29.5
172.5
24.7
593.1
-12.1
-105.7
-9.6
406.9
26.7
71.7
23.6
430.1
-85.5
75.1
51.3
546.3
36.7
103.0
5.1
586.6
-2.6
15
16
17
18
19
20
-69.9
307.3
187.1
1174.0
-53.2
1705.7
-3.8
702.3
-7.8
1084.7
-11.9
829.9
-28.6
816.8
33.3
1481.0
-19.5
1088.7
-48.5
1152.6
3.6
648.3
19
20
436.6
3056.5
4751.9
4255.0
6477.2
3992.1
6080.8
7577.7
6007.7
6107.6
6247.2
21
-4.4
-122.5
10.3
420.7
-33.5
-105.4
-1.1
-26.6
23.5
-79.1
-8.8
218.6
-0.7
25.2
1.5
-122.5
-2.3
402.5
-0.6
-7.3
11.9
-73.0
1.3
-339.3
-1.1
47.7
44.4
-157.9
10.5
-515.5
-0.5
108.0
19.1
-342.0
12.6
334.6
-0.5
-111.9
-61.6
-27.3
-32.0
-673.9
-0.9
6.9
297.3
-454.4
30.3
-562.3
-0.7
218.3
-20.0
-140.1
-37.4
-1243.2
-2.1
-78.7
-211.3
-97.7
25.9
-144.7
-0.8
44.3
111.7
60.4
23.0
-80.0
22
23
24
25
26
27
2
3
4
5
21
22
23
24
25
26
27
28
29
30
31
0.0
0.7
-1.0
102.5
0.0
0.0
-1.1
60.3
0.0
-0.1
0.9
-54.2
0.0
0.6
0.7
63.0
0.0
0.5
-1.1
14.5
0.0
3.8
0.0
38.9
0.0
-54.2
3.2
103.5
0.0
-44.3
-5.5
15.5
0.0
96.2
2.4
-39.7
0.0
3.6
1.9
118.0
0.0
-53.7
-3.3
-35.7
28
29
30
31
32
169.2
2870.8
4501.7
4597.7
7035.3
3817.4
6935.5
8295.1
7171.8
6492.6
6181.4
32
Summary
1
2
3
4
5
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
6
7
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
53489.5
53842.8
54983.3
56981.5
58991.4
56238.0
56981.5
57475.3
57690.1
58151.5
58991.4
35668.5
37041.7
38423.1
40286.6
42020.8
39602.9
40286.6
40725.5
40985.2
41391.5
42020.8
13574.2
7336.0
3984.5
13198.3
7473.5
3946.3
13017.3
7998.4
3968.5
12979.6
8685.9
4047.4
13105.1
9441.5
4180.3
12888.3
8440.9
4008.5
12979.6
8685.9
4047.4
12920.9
8832.5
4047.1
12945.6
9052.6
4087.7
13062.3
9263.9
4130.4
13105.1
9441.5
4180.3
3
4
5
2968.4
7805.4
3038.0
9385.6
2985.3
10453.6
2980.0
11593.7
2941.1
12352.8
2985.3
11279.9
2980.0
11593.7
2994.9
11930.1
2986.4
11912.9
2953.1
11981.9
2941.1
12352.8
6
7
2131.1
2314.0
2513.8
2784.1
2889.5
2682.8
2784.1
2860.6
2790.1
2830.5
2889.5
Financial sectors
15689.8
14487.0
14046.5
13910.7
14081.1
13952.2
13910.7
13889.2
13914.8
13929.5
14081.1
718.1
0.0
26.5
942.6
0.0
26.1
868.7
0.0
24.2
840.3
0.0
25.1
857.3
0.0
28.2
822.2
0.0
24.4
840.3
0.0
25.1
820.7
0.0
22.2
848.4
0.0
23.5
841.2
0.0
26.6
857.3
0.0
28.2
10
11
12
10
11
12
13
14
15
48.3
2706.6
5376.7
45.1
6434.5
1139.5
46.8
6247.3
1304.8
51.6
6092.7
1437.0
57.0
6199.2
1569.5
52.4
6111.5
1408.0
51.6
6092.7
1437.0
52.9
6103.5
1462.7
54.5
6137.6
1498.1
53.8
6147.7
1540.8
57.0
6199.2
1569.5
13
14
15
16
17
18
ABS issuers
Finance companies
REITs
3288.9
1044.1
317.4
2232.1
1280.7
315.2
1985.0
1261.9
343.4
1770.4
1205.1
386.3
1616.1
1209.8
408.0
1803.4
1244.0
371.2
1770.4
1205.1
386.3
1716.9
1193.0
390.5
1664.8
1196.0
393.8
1632.4
1206.6
409.5
1616.1
1209.8
408.0
16
17
18
19
20
21
92.9
1253.7
816.8
129.7
1237.2
704.2
91.8
1220.8
651.8
90.2
1418.6
593.5
112.4
1402.7
621.1
85.8
1428.7
600.5
90.2
1418.6
593.5
89.1
1412.4
625.2
103.1
1375.0
619.9
96.1
1363.4
611.4
112.4
1402.7
621.1
19
20
21
53489.5
53842.8
54983.3
56981.5
58991.4
56238.0
56981.5
57475.3
57690.1
58151.5
58991.4
22
8143.9
8575.1
8126.8
8323.4
8392.9
8252.7
8323.4
8288.2
8392.3
8374.9
8392.9
23
22
23
24
25
26
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
5604.1
223.7
89.1
5874.3
230.1
95.8
5489.9
223.4
96.8
5640.7
232.1
98.2
5652.1
195.2
100.9
5547.5
235.6
97.5
5640.7
232.1
98.2
5598.9
191.8
98.4
5670.3
195.0
99.2
5655.5
187.4
100.0
5652.1
195.2
100.9
24
25
26
27
28
1520.6
706.3
1581.4
793.5
1504.1
812.7
1434.8
917.6
1403.3
1041.4
1473.0
899.2
1434.8
917.6
1434.5
964.7
1446.1
981.7
1409.5
1022.5
1403.3
1041.4
27
28
29
7723.4
8491.8
9029.7
9606.3
9836.4
9497.0
9606.3
9735.3
9484.2
9638.0
9836.4
29
30
Financial sectors
37622.1
36775.8
37826.9
39051.8
40762.0
38488.3
39051.8
39451.8
39813.6
40138.6
40762.0
30
31
32
33
34
35
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
1987.7
9144.0
809.6
88.1
734.6
2259.2
9356.2
785.2
68.9
758.6
2635.6
9489.9
827.7
64.0
796.2
2670.1
9840.6
833.5
63.9
842.3
3756.3
10087.1
826.3
64.2
890.5
2565.1
9645.6
825.1
62.0
837.8
2670.1
9840.6
833.5
63.9
842.3
2939.8
9811.7
816.4
63.6
855.1
3214.2
9874.6
802.2
63.6
874.1
3475.1
9902.8
819.1
62.7
886.7
3756.3
10087.1
826.3
64.2
890.5
31
32
33
34
35
36
37
886.7
3022.6
890.6
3174.2
926.8
3299.6
924.2
3360.6
938.6
3429.2
921.0
3343.2
924.2
3360.6
929.4
3372.0
930.4
3392.5
936.2
3408.8
938.6
3429.2
36
37
38
39
40
795.5
737.2
130.9
918.6
759.3
141.8
991.8
759.6
167.3
1004.8
773.6
182.7
1049.5
783.0
191.8
1006.5
763.6
178.0
1004.8
773.6
182.7
1011.9
787.1
179.2
1029.4
777.4
168.1
1040.5
780.4
72.3
1049.5
783.0
191.8
38
39
40
41
42
43
44
2070.0
2616.3
141.1
103.0
1673.4
2969.9
146.4
132.7
1663.6
3329.3
144.7
178.8
1580.9
3981.3
155.9
231.1
1611.8
4342.2
173.6
243.3
1520.2
3851.6
152.2
221.1
1580.9
3981.3
155.9
231.1
1562.7
4184.4
163.5
238.2
1550.9
4242.8
170.0
241.4
1572.8
4287.7
170.2
245.8
1611.8
4342.2
173.6
243.3
41
42
43
44
45
46
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
2699.7
5376.7
6333.1
1139.5
6133.4
1304.8
5914.8
1437.0
5960.1
1569.5
5950.1
1408.0
5914.8
1437.0
5899.5
1462.7
5932.8
1498.1
5954.5
1540.8
5960.1
1569.5
45
46
47
48
49
ABS issuers
Finance companies
REITs
3225.3
1549.7
168.9
2180.3
1405.4
206.0
1937.4
1359.6
308.9
1729.2
1324.9
436.6
1580.4
1309.1
387.7
1762.0
1327.5
451.4
1729.2
1324.9
436.6
1676.8
1314.8
429.4
1628.6
1314.5
414.1
1597.7
1314.7
406.7
1580.4
1309.1
387.7
47
48
49
50
51
52
525.3
75.8
733.5
557.5
97.9
821.2
563.2
101.1
843.6
652.3
219.5
891.9
476.9
161.9
929.3
589.1
229.9
877.2
652.3
219.5
891.9
602.7
226.0
924.9
516.9
239.2
937.8
499.1
229.2
935.0
476.9
161.9
929.3
50
51
52
Summary
10
1
2
Domestic
By instrument
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
35668.5
37041.7
38423.1
40286.6
42020.8
39602.9
40286.6
40725.5
40985.2
41391.5
42020.8
35668.5
37041.7
38423.1
40286.6
42020.8
39602.9
40286.6
40725.5
40985.2
41391.5
42020.8
3
4
5
6
7
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Corporate bonds
58.4
7781.9
23.5
3672.5
4366.2
82.9
9361.5
24.2
3772.1
4804.8
116.3
10428.3
25.3
3719.4
5215.6
130.3
11568.9
24.9
3714.4
5795.2
143.1
12328.3
24.5
3671.2
6435.5
136.0
11255.5
24.4
3719.4
5599.7
130.3
11568.9
24.9
3714.4
5795.2
140.1
11905.5
24.6
3728.6
5940.0
147.2
11887.9
25.0
3721.1
6082.7
171.1
11956.8
25.1
3685.7
6269.0
143.1
12328.3
24.5
3671.2
6435.5
3
4
5
6
7
8
9
1500.2
1458.4
1465.5
1269.4
1542.6
1333.0
1746.4
1372.4
1862.6
1402.5
1645.7
1358.8
1746.4
1372.4
1738.2
1372.6
1782.0
1413.7
1825.4
1405.1
1862.6
1402.5
8
9
14254.0
10937.1
827.6
2343.3
146.0
2553.5
13613.1
10438.4
823.2
2197.5
154.1
2648.1
13285.6
10183.1
829.0
2106.4
167.2
2757.0
13009.8
9928.0
852.7
2056.2
173.0
2924.3
13054.5
9863.4
888.8
2121.3
181.0
3098.6
13004.1
9944.1
842.2
2046.3
171.5
2859.4
13009.8
9928.0
852.7
2056.2
173.0
2924.3
12951.4
9876.8
851.4
2048.3
175.0
2924.4
12957.7
9849.9
863.4
2067.5
177.0
2967.7
13014.5
9873.5
874.0
2088.1
179.0
3038.8
13054.5
9863.4
888.8
2121.3
181.0
3098.6
10
11
12
13
14
15
35668.5
37041.7
38423.1
40286.6
42020.8
39602.9
40286.6
40725.5
40985.2
41391.5
42020.8
16
13574.2
11320.5
7336.0
3984.5
13198.3
11419.8
7473.5
3946.3
13017.3
11966.9
7998.4
3968.5
12979.6
12733.3
8685.9
4047.4
13105.1
13621.8
9441.5
4180.3
12888.3
12449.4
8440.9
4008.5
12979.6
12733.3
8685.9
4047.4
12920.9
12879.6
8832.5
4047.1
12945.6
13140.3
9052.6
4087.7
13062.3
13394.3
9263.9
4130.4
13105.1
13621.8
9441.5
4180.3
17
18
19
20
2968.4
7805.4
3038.0
9385.6
2985.3
10453.6
2980.0
11593.7
2941.1
12352.8
2985.3
11279.9
2980.0
11593.7
2994.9
11930.1
2986.4
11912.9
2953.1
11981.9
2941.1
12352.8
21
22
2131.1
2314.0
2513.8
2784.1
2889.5
2682.8
2784.1
2860.6
2790.1
2830.5
2889.5
23
401.3
1570.3
137.5
21.9
398.6
1731.3
162.0
22.1
345.1
1939.9
205.2
23.5
373.0
2140.7
237.7
32.8
407.4
2171.5
276.8
33.8
366.7
2052.0
233.9
30.2
373.0
2140.7
237.7
32.8
407.4
2174.6
246.0
32.7
417.4
2087.0
252.2
33.6
407.3
2127.2
262.5
33.4
407.4
2171.5
276.8
33.8
24
25
26
27
37799.6
39355.8
40936.8
43070.8
44910.3
42285.8
43070.8
43586.1
43775.3
44222.0
44910.3
28
10
11
12
13
14
15
16
Mortgages
Home
Multifamily residential
Commercial
Farm
Consumer credit
By sector
17
18
19
20
Household sector
Nonfinancial business
Corporate
Noncorporate
21
22
23
24
25
26
27
28
By instrument
2
3
4
5
6
7
8
By sector
15689.8
14487.0
14046.5
13910.7
14081.1
13952.2
13910.7
13889.2
13914.8
13929.5
14081.1
678.2
2706.6
5376.7
5718.8
576.0
6434.5
1139.5
5323.1
507.9
6247.3
1304.8
4997.3
449.1
6092.7
1437.0
4984.9
400.3
6199.2
1569.5
4867.5
454.6
6111.5
1408.0
5020.3
449.1
6092.7
1437.0
4984.9
453.8
6103.5
1462.7
4922.3
426.0
6137.6
1498.1
4853.0
398.6
6147.7
1540.8
4852.2
400.3
6199.2
1569.5
4867.5
2
3
4
5
424.7
617.9
166.9
373.7
473.2
167.1
399.9
413.1
176.2
338.7
416.6
191.8
367.6
487.5
189.5
365.3
404.4
188.0
338.7
416.6
191.8
339.7
409.9
197.3
353.8
453.1
193.2
336.8
460.0
193.4
367.6
487.5
189.5
6
7
8
15689.8
14487.0
14046.5
13910.7
14081.1
13952.2
13910.7
13889.2
13914.8
13929.5
14081.1
718.1
0.0
26.5
942.6
0.0
26.1
868.7
0.0
24.2
840.3
0.0
25.1
857.3
0.0
28.2
822.2
0.0
24.4
840.3
0.0
25.1
820.7
0.0
22.2
848.4
0.0
23.5
841.2
0.0
26.6
857.3
0.0
28.2
10
11
12
10
11
12
13
14
15
48.3
2706.6
5376.7
45.1
6434.5
1139.5
46.8
6247.3
1304.8
51.6
6092.7
1437.0
57.0
6199.2
1569.5
52.4
6111.5
1408.0
51.6
6092.7
1437.0
52.9
6103.5
1462.7
54.5
6137.6
1498.1
53.8
6147.7
1540.8
57.0
6199.2
1569.5
13
14
15
16
17
18
ABS issuers
Finance companies
REITs
3288.9
1044.1
317.4
2232.1
1280.7
315.2
1985.0
1261.9
343.4
1770.4
1205.1
386.3
1616.1
1209.8
408.0
1803.4
1244.0
371.2
1770.4
1205.1
386.3
1716.9
1193.0
390.5
1664.8
1196.0
393.8
1632.4
1206.6
409.5
1616.1
1209.8
408.0
16
17
18
19
20
21
92.9
1253.7
816.8
129.7
1237.2
704.2
91.8
1220.8
651.8
90.2
1418.6
593.5
112.4
1402.7
621.1
85.8
1428.7
600.5
90.2
1418.6
593.5
89.1
1412.4
625.2
103.1
1375.0
619.9
96.1
1363.4
611.4
112.4
1402.7
621.1
19
20
21
Summary
11
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
53489.5
53842.8
54983.3
56981.5
58991.4
56238.0
56981.5
57475.3
57690.1
58151.5
58991.4
1138.0
7781.9
8106.8
3672.5
11655.4
1057.6
9361.5
7598.2
3772.1
11859.2
969.3
10428.3
7577.4
3719.4
12152.8
952.4
11568.9
7554.6
3714.4
12920.7
950.7
12328.3
7793.2
3671.2
13474.5
957.3
11255.5
7543.9
3719.4
12672.0
952.4
11568.9
7554.6
3714.4
12920.7
1001.2
11905.5
7590.8
3728.6
13036.9
990.6
11887.9
7660.7
3721.1
13022.7
976.9
11956.8
7713.6
3685.7
13248.4
950.7
12328.3
7793.2
3671.2
13474.5
2
3
4
5
6
2062.5
2098.1
14420.8
2553.5
2001.2
1764.7
13780.2
2648.1
2147.8
1769.7
13461.8
2757.0
2322.7
1821.8
13201.6
2924.3
2507.1
1923.8
13244.0
3098.6
2244.9
1793.4
13192.2
2859.4
2322.7
1821.8
13201.6
2924.3
2323.8
1815.2
13148.7
2924.4
2388.1
1900.4
13150.9
2967.7
2424.7
1898.6
13207.8
3038.8
2507.1
1923.8
13244.0
3098.6
7
8
9
10
Memo:
Selected claims not included above:
11
Corporate equities
12
Mutual fund shares
20085.5
6920.7
23567.2
7873.0
23088.2
7870.9
26443.6
9323.6
34687.5
11526.8
26256.7
9131.0
26443.6
9323.6
29308.3
10087.4
29764.3
10299.5
31734.5
10904.9
34687.5
11526.8
11
12
2
3
4
5
6
7
8
9
10
Total
2010
53489.5
53842.8
54983.3
56981.5
58991.4
56238.0
56981.5
57475.3
57690.1
58151.5
58991.4
175.1
5.2
26.2
835.9
1220.0
175.8
5.2
25.9
826.6
1070.7
183.8
5.2
25.9
780.3
1889.2
181.8
5.2
25.9
750.1
1718.0
174.3
5.2
25.6
837.0
2783.0
184.7
5.2
25.9
772.3
1794.7
181.8
5.2
25.9
750.1
1718.0
175.5
5.2
25.9
774.3
2131.8
174.5
5.2
25.9
853.1
2614.2
177.3
5.2
25.6
834.8
2799.4
174.3
5.2
25.6
837.0
2783.0
2
3
4
5
6
7
8
9
10
11
2093.4
6326.5
2105.9
3258.6
2043.4
2359.8
6624.9
1923.2
2755.4
2025.2
2594.3
7202.2
1750.0
2642.5
1970.8
2857.8
7803.9
1659.9
2649.6
1976.8
3189.7
8115.8
1762.2
2678.3
1918.7
2640.4
7595.4
1636.8
2506.9
1977.4
2857.8
7803.9
1659.9
2649.6
1976.8
2878.1
7869.1
1652.5
2554.0
1964.7
2897.8
7890.1
1682.4
2541.9
1854.8
2930.0
8052.3
1736.8
2637.4
1859.8
3189.7
8115.8
1762.2
2678.3
1918.7
7
8
9
10
11
12
13
14
15
6920.7
1091.2
1242.1
15206.0
7873.0
1214.8
1278.3
16745.7
7870.9
1312.6
1352.0
17120.8
9323.6
1512.5
1359.0
18088.8
11526.8
1548.5
1416.0
19600.7
9131.0
1482.4
1353.2
17948.8
9323.6
1512.5
1359.0
18088.8
10087.4
1492.1
1370.1
18563.3
10299.5
1511.5
1377.3
18738.6
10904.9
1536.4
1397.0
19101.5
11526.8
1548.5
1416.0
19600.7
12
13
14
15
16
17
18
Trade payables
Taxes payable
Miscellaneous
3214.9
40.6
22076.3
3441.4
53.1
22668.2
3500.4
74.0
23623.2
3672.9
83.0
23974.7
3866.2
76.8
22640.7
3649.8
93.7
23914.8
3672.9
83.0
23974.7
3722.0
100.9
23952.3
3771.3
72.2
23878.0
3832.7
84.6
23956.9
3866.2
76.8
22640.7
16
17
18
19
Total liabilities
121371.4 124909.8 128881.4 134625.0 141156.9 132951.6 134625.0 136794.3 137878.4 140023.9 141156.9
19
2
3
4
5
6
11.0
20085.5
6216.7
11.0
23567.2
6900.0
11.0
23088.2
7384.9
11.0
26443.6
8073.5
11.0
34687.5
8724.5
11.0
26256.7
7899.8
11.0
26443.6
8073.5
11.0
29308.3
8232.4
11.0
29764.3
8424.0
11.0
31734.5
8600.4
11.0
34687.5
8724.5
20
21
22
-18.8
648.3
54.3
-20.0
696.0
98.7
-18.7
676.3
67.4
-18.8
648.3
54.3
-19.0
650.1
84.8
-19.2
704.6
60.3
-19.8
685.0
64.3
-20.0
696.0
98.7
23
24
25
103.8
-54.1
-196.4
-210.4
-8876.9 -10173.1
133.8
-183.7
-8491.8
103.8
-196.4
-8876.9
22.3
-180.4
-9019.0
-9.2
-211.2
-9367.5
-61.0
-54.1
-200.9
-210.4
-9486.2 -10173.1
26
27
28
0.0
3.2
3.7
196.8
0.0
2.3
4.7
311.4
0.0
1.5
3.1
250.3
0.0
1.1
3.8
208.5
23
24
25
-16.5
657.0
7.6
-17.6
630.4
26.9
-18.3
655.6
28.4
26
27
28
522.9
-210.4
-6797.3
413.9
-209.0
-7236.6
297.3
-198.8
-7735.8
0.0
2.0
4.2
241.0
0.0
2.5
3.2
305.0
0.0
2.5
4.1
250.8
29
30
31
32
33
0.0
2.3
4.7
311.4
0.0
1.4
3.6
325.9
0.0
1.3
4.3
245.6
0.0
1.4
3.6
325.9
29
30
31
32
153274.0 161469.3 166079.7 177120.6 193911.9 174732.3 177120.6 182552.5 184706.5 189137.2 193911.9
33
Summary
12
2010
2011
2012
2013
2012
Q3
1
2
3
4
5
6
7
8
9
10
11
12
Nonresidential
Household sector (nonprofit organizations)
Nonfinancial corporate business
Nonfinancial noncorporate business
Financial institutions
13
14
15
16
17
Residential
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
REITs
2013
Q4
Q1
Q2
Q3
Q4
14417.9
14958.3
15533.8
16244.6
16797.5
16356.0
16420.3
16535.3
16661.0
16912.9
17080.7
9842.9
10201.9
10711.8
11149.6
11496.2
11193.6
11285.5
11379.2
11427.1
11537.7
11640.7
1023.3
2175.1
6644.5
1070.7
2292.1
6839.1
1129.9
2472.8
7109.1
1202.7
2567.0
7379.9
1262.8
2623.8
7609.6
1206.5
2578.4
7408.7
1230.7
2595.4
7459.4
1244.8
2607.0
7527.4
1257.5
2591.0
7578.6
1274.0
2638.8
7624.8
1275.0
2658.2
7707.6
3
4
5
1878.1
2100.8
2232.1
2475.2
2673.7
2493.3
2499.9
2555.1
2621.0
2738.0
2780.5
2025.7
2039.3
2195.7
2409.1
2565.7
2411.7
2486.9
2491.7
2543.8
2593.2
2634.2
1633.4
147.1
1136.6
182.9
166.9
1658.2
134.1
1176.5
184.9
162.8
1809.9
139.6
1296.0
199.1
175.2
1970.0
143.8
1420.2
212.5
193.4
2049.0
148.5
1476.9
217.8
205.8
1968.0
142.8
1419.5
213.0
192.7
2018.2
144.1
1455.3
219.6
199.1
2001.4
145.7
1442.6
210.0
203.1
2030.6
146.5
1464.2
216.6
203.2
2060.5
149.7
1485.7
219.5
205.6
2103.3
152.1
1514.9
225.2
211.2
8
9
10
11
12
392.2
321.0
5.5
65.8
-0.1
381.1
318.3
-0.1
58.3
4.7
385.8
317.1
3.0
59.5
6.3
439.1
354.3
13.3
66.2
5.3
516.8
413.8
25.7
75.2
2.1
443.7
357.4
14.6
66.6
5.1
468.8
377.7
16.9
69.4
4.9
490.3
392.1
21.7
71.6
4.9
513.2
411.1
37.6
74.9
-10.4
532.6
429.9
18.9
77.9
5.9
531.0
422.1
24.6
76.4
7.9
13
14
15
16
17
18
19
20
-147.6
-139.0
-8.5
61.5
63.7
-2.2
36.4
39.1
-2.7
66.1
71.0
-4.9
107.9
74.2
33.7
81.6
94.3
-12.7
13.0
23.3
-10.3
63.4
33.0
30.5
77.2
45.0
32.2
144.8
106.3
38.5
146.3
112.4
33.8
18
19
20
21
-392.2
-518.5
-568.7
-547.2
-497.3
-524.4
-515.8
-523.1
-509.0
-500.2
-456.8
21
22
23
Exports
- Imports
1583.8
1976.0
1843.5
2362.0
2101.1
2669.9
2195.9
2743.1
2259.8
2757.0
2199.2
2723.5
2213.7
2729.5
2214.2
2737.3
2238.9
2747.9
2265.8
2766.0
2320.1
2776.9
22
23
3089.1
3174.0
3158.7
3167.0
3124.9
3193.5
3150.7
3124.1
3121.9
3137.5
3116.2
24
2442.1
933.7
1508.4
2522.2
1003.9
1518.3
2526.1
1008.7
1517.4
2548.0
1011.7
1536.4
2519.0
970.8
1548.2
2572.9
1036.1
1536.8
2538.1
993.9
1544.3
2525.3
982.3
1543.0
2517.5
976.0
1541.4
2523.2
972.4
1550.8
2510.0
952.6
1557.4
25
26
27
647.0
284.0
363.0
651.8
300.0
351.9
632.6
295.4
337.2
619.0
284.0
334.9
605.9
275.1
330.9
620.6
286.0
334.6
612.5
281.4
331.2
598.8
272.7
326.1
604.4
276.6
327.8
614.4
278.8
335.6
606.2
272.2
334.0
28
29
30
147.2
643.7
496.5
206.0
720.0
514.1
260.8
802.8
542.1
252.8
818.6
565.7
252.0
817.6
565.6
247.6
812.0
564.4
257.0
829.8
572.8
237.4
813.3
575.9
246.8
817.0
570.1
262.9
822.0
559.1
260.6
818.0
557.3
31
32
33
14565.1
15164.2
15794.6
16497.4
17049.4
16603.7
16677.3
16772.7
16907.9
17175.9
17341.3
34
-9.7
6.3
12.3
-8.9
0.0
-8.5
-1.1
10.6
-1.0
-0.0
-8.3
-0.9
10.1
-0.9
-0.1
-8.4
-0.4
10.2
-1.4
0.0
-7.8
-1.2
9.5
-0.7
0.3
-8.5
-0.4
10.2
-1.4
0.0
-8.3
-0.4
10.1
-1.4
0.0
-8.1
-1.0
9.8
-0.6
-0.0
-7.9
-0.9
9.6
-0.8
0.0
-7.7
-1.5
9.4
-1.1
1.1
-7.6
-1.3
9.2
-0.3
0.0
35
36
37
38
39
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
(1) This table is based on NIPA table 1.1.5 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).
(2) Component of personal outlays, found on table F.100, line 4.
(3) Structures, equipment, and intellectual property products.
(4) Government inventory investment is included in consumption expenditures.
Summary
13
1
2
3
4
National Income
Compensation of employees
Wages and other labor income
Employer social insurance contributions
8
9
10
11
12
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
12124.5
12739.5
13395.7
13971.6
14542.9
13962.1
14204.0
14324.5
14462.7
14607.9
14776.5
7787.8
7329.7
458.1
7967.3
7497.9
469.4
8278.5
7784.1
494.4
8611.6
8097.3
514.3
8860.2
8329.0
531.3
8591.0
8078.8
512.2
8787.4
8263.4
524.0
8748.3
8222.5
525.8
8835.5
8305.2
530.2
8888.3
8355.9
532.4
8968.8
8432.2
536.6
2
3
4
973.0
1032.7
1155.1
1224.9
1348.2
1220.0
1247.5
1334.6
1341.5
1360.7
1356.2
333.7
402.8
484.4
541.2
590.5
546.7
555.4
574.9
587.7
596.6
602.7
1392.6
1740.6
1877.7
2009.5
2101.1
2012.3
2047.2
2020.6
2087.4
2126.6
2169.7
1474.8
1793.8
1791.3
2180.0
2262.4
2186.6
2221.1
2180.0
2248.6
2288.2
2332.8
1468.2
752.5
362.9
352.8
1834.8
1034.3
405.3
395.2
1847.4
1026.7
384.1
436.6
2190.0
1293.7
477.4
418.9
2258.7
1337.7
511.6
409.4
2208.5
1288.8
507.2
412.5
2229.5
1319.4
492.1
418.1
2193.1
1307.7
486.9
398.5
2239.7
1324.7
511.9
403.1
2286.6
1345.2
521.6
419.8
2315.5
1373.3
526.1
416.1
9
10
11
12
269.4
177.8
91.6
370.6
220.6
150.0
374.2
222.3
151.9
434.8
256.9
177.8
415.7
265.6
150.1
439.1
249.1
190.0
433.2
268.4
164.8
408.2
266.6
141.7
418.2
264.1
154.1
417.8
263.7
154.1
418.5
268.0
150.5
13
14
15
13
14
15
Less:
Taxes on corporate income
Domestic nonfinancial
Domestic financial
16
17
18
19
20
Equals:
Profits after tax
Net dividends
Domestic nonfinancial
Domestic financial
Rest of the world
1198.7
568.7
351.7
105.1
111.9
1464.3
563.9
375.5
67.1
121.4
1473.1
701.6
440.3
104.8
156.4
1755.2
770.3
478.8
134.8
156.8
1843.0
902.2
497.3
269.9
135.0
1769.4
746.7
461.2
116.1
169.4
1796.4
867.6
540.4
194.9
132.3
1784.8
763.8
483.3
133.3
147.2
1821.4
1037.3
463.3
411.4
162.6
1868.7
858.3
577.2
192.2
88.9
1897.0
949.3
465.4
342.5
141.4
16
17
18
19
20
21
22
23
24
Undistributed profits
Domestic nonfinancial
Domestic financial
Rest of the world
630.0
222.9
166.1
240.9
900.3
438.3
188.3
273.8
771.6
364.1
127.3
280.1
984.9
558.0
164.7
262.2
940.8
574.8
91.7
274.4
1022.7
578.5
201.1
243.1
928.7
510.6
132.3
285.8
1021.0
557.8
212.0
251.3
784.2
597.3
-53.7
240.5
1010.4
504.2
175.3
330.9
947.7
639.9
33.1
274.7
21
22
23
24
25
6.7
-41.0
-56.0
-10.0
3.7
-22.0
-8.4
-13.0
8.9
1.7
17.3
25
26
27
28
-82.2
-41.1
-41.2
-53.3
-15.2
-38.1
86.4
114.9
-28.5
-170.5
-115.1
-55.4
-161.3
-105.8
-55.6
-174.2
-118.4
-55.9
-173.9
-117.6
-56.3
-159.5
-104.3
-55.2
-161.1
-105.4
-55.7
-161.6
-106.0
-55.7
-163.1
-107.4
-55.7
26
27
28
29
30
31
32
33
563.1
489.4
456.9
439.6
469.1
455.3
430.3
477.0
444.0
467.2
488.2
29
1026.1
58.3
127.2
-20.6
1057.1
55.9
128.5
-22.9
1097.1
60.0
129.6
-23.8
1122.9
57.3
106.9
-27.7
1147.7
58.4
124.3
-39.7
1118.8
56.0
102.6
-28.5
1126.3
57.7
99.5
-31.8
1140.7
58.0
121.9
-35.5
1138.8
58.9
125.8
-39.0
1149.0
59.1
120.1
-41.4
1162.2
57.5
129.2
-43.0
30
31
32
33
12124.5
12739.5
13395.7
13971.6
14542.9
13962.1
14204.0
14324.5
14462.7
14607.9
14776.5
34
Plus:
35 Private consumption of fixed capital
36 Government consumption of fixed capital
37 Statistical discrepancy
1925.7
442.7
72.2
1923.5
458.1
43.1
1974.4
478.1
-53.6
2049.3
493.6
-17.0
2141.7
505.2
-140.3
2059.8
495.3
86.4
2077.6
497.4
-101.7
2103.3
500.5
-155.6
2128.5
503.4
-186.8
2153.5
506.1
-91.7
2181.6
510.6
-127.4
35
36
37
147.2
206.0
260.8
252.8
252.0
247.6
257.0
237.4
246.8
262.9
260.6
38
14417.9
14958.3
15533.8
16244.6
16797.5
16356.0
16420.3
16535.3
16661.0
16912.9
17080.7
39
Memo:
Calculation of Gross Domestic Product
from National Income: (2)
34
38
Less:
Net U.S. income receipts from rest of the world
39
Equals:
Gross Domestic Product
(1) This table corresponds to NIPA table 1.12 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).
(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
Summary
14
Gross saving
2
3
4
5
6
7
8
9
10
Net saving
Net private saving
Domestic business
Nonfinancial corporate business
Financial business
Households and institutions
Net government saving
Federal
State and local
11
12
13
14
15
16
17
18
19
20
21
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2071.7
2255.0
2461.4
2672.2
3022.2
2606.4
2812.8
2871.5
2993.4
3051.5
3172.5
-296.6
1225.1
554.4
382.1
172.3
670.7
-1521.7
-1249.8
-271.9
-126.6
1440.2
806.0
598.6
207.4
634.2
-1566.8
-1329.5
-237.3
8.8
1470.2
801.9
648.8
153.1
668.2
-1461.3
-1248.3
-213.1
129.3
1491.7
804.3
647.8
156.5
687.4
-1362.3
-1109.7
-252.7
375.3
1349.4
783.2
689.3
93.9
566.2
-974.1
-754.9
-219.1
51.2
1430.6
826.5
642.6
183.9
604.1
-1379.4
-1119.3
-260.1
237.8
1570.5
746.4
653.8
92.6
824.1
-1332.7
-1078.5
-254.2
267.6
1350.5
848.5
670.0
178.6
502.0
-1082.9
-853.1
-229.8
361.6
1212.3
631.9
682.6
-50.7
580.4
-850.7
-653.1
-197.6
391.8
1467.8
850.5
700.1
150.3
617.3
-1075.9
-850.0
-226.0
480.3
1367.1
801.9
704.5
97.4
565.2
-886.8
-663.7
-223.1
2
3
4
5
6
7
8
9
10
2368.4
1925.7
1522.4
1092.0
253.0
177.4
403.3
442.7
234.5
208.2
2381.6
1923.5
1523.0
1094.6
251.8
176.7
400.5
458.1
245.3
212.7
2452.6
1974.4
1571.6
1135.8
256.8
179.0
402.9
478.1
256.5
221.7
2542.9
2049.3
1639.4
1188.2
264.5
186.6
409.9
493.6
262.3
231.4
2646.9
2141.7
1707.6
1237.9
275.1
194.7
434.1
505.2
267.6
237.6
2555.1
2059.8
1648.4
1195.2
265.6
187.6
411.4
495.3
262.9
232.4
2575.0
2077.6
1661.4
1204.7
267.6
189.2
416.2
497.4
263.7
233.7
2603.8
2103.3
1680.6
1218.5
270.5
191.5
422.7
500.5
265.6
234.9
2631.9
2128.5
1698.9
1231.6
273.4
193.9
429.6
503.4
266.8
236.6
2659.6
2153.5
1715.8
1243.8
276.4
195.6
437.7
506.1
267.8
238.3
2692.2
2181.6
1735.2
1257.7
279.8
197.6
446.4
510.6
270.0
240.6
11
12
13
14
15
16
17
18
19
20
2144.0
2298.1
2407.7
2655.2
2881.9
2692.8
2711.1
2715.9
2806.7
2959.8
3045.1
21
22
23
24
25
26
27
28
29
30
31
2525.1
1878.1
1410.0
1002.9
240.2
166.9
468.1
647.0
284.0
363.0
2752.6
2100.8
1648.4
1244.7
241.0
162.8
452.4
651.8
300.0
351.9
2864.7
2232.1
1775.4
1344.4
255.8
175.2
456.7
632.6
295.4
337.2
3094.2
2475.2
1977.1
1509.9
273.8
193.4
498.1
619.0
284.0
334.9
3279.6
2673.7
2111.4
1575.0
330.6
205.8
562.3
605.9
275.1
330.9
3113.9
2493.3
1993.1
1536.0
264.4
192.7
500.2
620.6
286.0
334.6
3112.5
2499.9
1978.2
1503.1
276.0
199.1
521.8
612.5
281.4
331.2
3153.9
2555.1
2017.4
1495.1
319.2
203.1
537.7
598.8
272.7
326.1
3225.4
2621.0
2063.4
1534.1
326.1
203.2
557.6
604.4
276.6
327.8
3352.3
2738.0
2158.4
1616.1
336.6
205.6
579.6
614.4
278.8
335.6
3386.7
2780.5
2206.4
1654.6
340.6
211.2
574.1
606.2
272.2
334.0
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
0.6
-121.4
-83.4
44.6
-6.0
-121.9
-38.1
122.0
177.4
-55.4
0.7
-58.5
-29.4
19.8
-7.8
-41.5
-29.1
59.2
125.3
-66.2
1.7
-47.4
-41.3
-7.3
-1.6
-32.4
-6.2
49.1
112.9
-63.8
-6.6
-26.0
-12.4
-17.1
-4.9
9.6
-13.6
19.5
83.3
-63.9
0.2
3.5
-6.9
-6.9
0.0
0.0
10.4
-3.4
58.1
-61.5
2.3
-7.4
-9.4
-9.3
-0.0
0.0
2.0
9.6
72.6
-63.0
-30.3
-62.0
-7.1
-44.8
-19.7
57.3
-54.9
31.7
102.1
-70.4
0.5
-3.3
-10.7
-10.7
0.0
0.0
7.4
3.8
65.2
-61.4
0.4
1.8
-6.6
-6.6
0.0
0.0
8.4
-1.4
57.6
-59.1
-0.6
4.5
-6.0
-6.0
0.0
0.0
10.6
-5.2
60.3
-65.5
0.4
11.2
-4.1
-4.1
0.0
0.0
15.3
-10.7
49.2
-59.9
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
-381.7
1466.3
822.4
498.9
18.8
304.7
643.9
-1848.0
-1476.7
-371.4
-455.2
1364.6
753.2
471.8
18.6
262.8
611.4
-1819.8
-1509.5
-310.3
-458.6
1206.3
585.7
393.9
2.5
189.3
620.6
-1664.9
-1400.1
-264.8
-432.4
1074.7
462.0
326.2
-4.3
140.2
612.7
-1507.1
-1214.8
-292.4
-397.9
673.6
245.9
218.8
-55.6
82.7
427.7
-1071.5
-820.5
-250.9
-423.4
1090.9
577.7
397.6
1.2
178.9
513.3
-1514.3
-1215.0
-299.3
-371.1
1108.4
335.1
298.4
11.2
25.4
773.4
-1479.5
-1198.3
-281.2
-438.5
746.4
366.8
248.5
-48.6
167.0
379.6
-1184.9
-925.4
-259.6
-419.1
531.2
87.3
200.0
-52.6
-60.1
443.9
-950.3
-720.5
-229.8
-391.9
787.1
322.2
242.2
-60.3
140.3
464.8
-1179.0
-921.3
-257.7
-342.0
629.7
207.5
184.4
-60.8
83.8
422.2
-971.6
-715.0
-256.6
42
43
44
45
46
47
48
49
50
51
52
72.2
43.1
-53.6
-17.0
-140.3
86.4
-101.7
-155.6
-186.8
-91.7
-127.4
52
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
45.9
38.3
17.5
20.9
7.6
0.0
7.6
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
183.7
153.3
69.9
83.5
30.4
0.0
30.4
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
53
54
55
56
57
58
59
53
54
55
56
57
58
59
Addenda:
Disaster losses
Private
Domestic business
Households and institutions
Government
Federal
State and local
(1) This table is based on NIPA table 5.1 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov). It is consistent with the Integrated Macroeconomic Accounts of the
United States jointly compiled by the Federal Reserve Board and the Bureau of Economic Analysis.
(2) Consists of net capital transfers shown on table F.9 and the acquisition of nonproduced nonfinancial assets (net) shown on table F.6.
(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
15
Summary
2010
2011
2012
2013
2012
Q3
1
2
3
4
5
6
7
2013
Q4
Q1
Q2
Q3
Q4
272.2
186.7
137.9
139.8
102.7
108.3
228.6
106.1
99.5
106.2
98.9
40.4
0.0
0.0
0.0
40.4
0.0
25.8
0.0
0.0
0.0
25.8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
14.3
14.3
14.3
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
57.3
57.3
57.3
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
0.0
0.0
0.0
0.0
0.0
2
3
4
5
6
7
206.9
206.9
63.4
0.0
121.9
8.1
12.9
0.6
0.0
0.0
141.4
141.4
72.1
0.0
41.5
12.7
14.5
0.7
0.0
0.0
123.4
123.4
69.0
0.0
32.4
8.0
12.4
1.6
0.0
0.0
98.7
98.7
66.5
7.6
4.7
8.2
10.6
1.1
0.0
0.0
78.0
78.0
65.6
0.0
0.0
5.7
6.4
0.4
0.0
0.0
88.7
88.7
68.3
0.0
0.0
9.0
9.2
2.3
0.0
0.0
119.6
119.6
65.0
30.6
0.0
10.2
13.4
0.4
0.0
0.0
83.4
83.4
66.2
0.0
0.0
9.6
7.2
0.4
0.0
0.0
76.2
76.2
63.2
0.0
0.0
5.7
6.9
0.4
0.0
0.0
81.1
81.1
69.4
0.0
0.0
4.5
6.8
0.4
0.0
0.0
71.4
71.4
63.5
0.0
0.0
2.9
4.6
0.4
0.0
0.0
8
9
10
11
12
13
14
15
16
17
8
9
10
11
12
13
14
15
16
17
By government
Federal
Investment grants to state and local govts.
Disaster-related insurance benefits
Financial stabilization payments
Other capital transfers paid to business
Other capital transfers paid to persons
Capital transfers paid to the rest of the world (net)
State and local
Disaster-related insurance benefits
18
19
20
By persons
Estate and gift taxes, federal
Estate and gift taxes, state and local
24.9
20.6
4.3
19.5
15.1
4.4
14.5
9.6
4.9
19.0
14.1
4.9
24.6
19.2
5.4
19.6
14.7
4.9
21.0
16.1
4.9
22.6
17.6
5.0
23.3
17.8
5.4
25.1
19.6
5.5
27.5
21.9
5.6
18
19
20
21
22
23
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
7.7
7.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
30.7
30.7
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
21
22
23
24
272.2
186.7
137.9
139.8
102.7
108.3
228.6
106.1
99.5
106.2
98.9
24
25
26
27
28
29
30
31
32
33
34
By private business
Financial corporations
Disaster-related insurance benefits
Other
Nonfinancial corporations
Disaster-related insurance benefits
Other
Noncorporate business
Disaster-related insurance benefits
Other
130.0
121.9
0.0
121.9
2.1
0.0
2.1
6.0
0.0
6.0
54.2
41.5
0.0
41.5
4.9
0.0
4.9
7.8
0.0
7.8
40.4
32.4
0.0
32.4
6.4
0.0
6.4
1.6
0.0
1.6
26.3
4.7
0.0
4.7
16.7
8.5
8.1
4.9
4.9
0.0
5.7
0.0
0.0
0.0
5.7
0.0
5.7
0.0
0.0
0.0
9.0
0.0
0.0
0.0
9.0
0.0
9.0
0.0
0.0
0.0
64.1
0.0
0.0
0.0
44.4
34.2
10.2
19.7
19.6
0.0
9.6
0.0
0.0
0.0
9.6
0.0
9.6
0.0
0.0
0.0
5.7
0.0
0.0
0.0
5.7
0.0
5.7
0.0
0.0
0.0
4.5
0.0
0.0
0.0
4.5
0.0
4.5
0.0
0.0
0.0
2.9
0.0
0.0
0.0
2.9
0.0
2.9
0.0
0.0
0.0
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
By government
Federal
Estate and gift taxes paid by persons
State and local
Disaster-related insurance benefits
Estate and gift taxes paid by persons
Investment grants paid by federal government
Other
88.3
20.6
20.6
67.7
0.0
4.3
63.4
0.0
91.8
15.1
15.1
76.7
0.0
4.4
72.1
0.2
83.5
9.6
9.6
73.9
0.0
4.9
69.0
0.0
88.2
14.1
14.1
74.1
2.7
4.9
66.5
0.0
90.2
19.2
19.2
71.0
0.0
5.4
65.6
0.0
87.9
14.7
14.7
73.2
0.0
4.9
68.3
0.0
96.6
16.1
16.1
80.5
10.6
4.9
65.0
0.0
88.8
17.6
17.6
71.3
0.0
5.0
66.2
0.0
86.5
17.8
17.8
68.6
0.0
5.4
63.2
0.0
94.5
19.6
19.6
74.9
0.0
5.5
69.4
0.0
91.0
21.9
21.9
69.1
0.0
5.6
63.5
0.0
35
36
37
38
39
40
41
42
43
44
45
By persons
Disaster-related insurance benefits
Other
53.3
0.0
53.3
40.1
0.0
40.1
12.4
0.0
12.4
24.1
13.5
10.6
6.4
0.0
6.4
9.2
0.0
9.2
67.5
54.1
13.4
7.2
0.0
7.2
6.9
0.0
6.9
6.8
0.0
6.8
4.6
0.0
4.6
43
44
45
46
47
48
0.6
0.6
0.0
0.7
0.7
0.0
1.6
1.6
0.0
1.1
1.1
0.0
0.4
0.4
0.0
2.3
2.3
0.0
0.4
0.4
0.0
0.4
0.4
0.0
0.4
0.4
0.0
0.4
0.4
0.0
0.4
0.4
0.0
46
47
48
-89.6
-121.9
0.0
-18.2
-18.2
0.0
-87.1
-11.3
-5.3
38.3
-6.0
-28.3
-41.5
0.0
2.4
2.4
0.0
-40.2
-1.5
-2.2
20.9
-7.8
-40.4
-32.4
0.0
3.2
3.2
0.0
-31.9
-0.3
-3.4
-6.4
-1.6
-12.0
9.6
14.3
0.0
0.0
0.0
-4.7
0.0
0.0
-16.7
-4.9
-5.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-5.7
0.0
-9.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-9.0
-0.0
-6.7
57.3
57.3
0.0
0.0
0.0
0.0
0.0
0.0
-44.4
-19.7
-9.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-9.6
0.0
-5.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-5.7
0.0
-4.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-4.5
0.0
-2.9
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-2.9
0.0
49
50
51
52
53
54
55
56
57
58
59
60
61
62
118.6
186.3
-67.7
49.6
126.3
-76.7
39.9
113.8
-73.9
10.6
84.7
-74.1
-12.2
58.8
-71.0
0.8
74.0
-73.2
23.0
103.5
-80.5
-5.4
65.8
-71.3
-10.3
58.4
-68.6
-13.4
61.5
-74.9
-19.6
49.5
-69.1
60
61
62
63
-28.4
-20.6
2.1
-5.1
18.2
10.4
-46.5
15.5
16.3
18.3
22.9
63
64
-0.6
-0.7
-1.6
6.6
-0.4
-2.3
30.3
-0.4
-0.4
-0.4
-0.4
64
(1) This table is based on NIPA table 5.11 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).
(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Financial Accounts of the United States.
Summary
16
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
602.1
858.3
1214.3
1175.9
1077.4
611.0
1764.1
1433.5
948.5
798.6
1129.1
2
3
4
5
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
-6.6
120.6
101.2
-270.3
-0.6
33.1
161.9
-180.4
-2.8
326.4
375.6
-34.2
-1.8
97.6
425.9
17.6
5.7
93.1
195.5
-24.1
8.5
38.1
141.9
-12.8
-5.3
317.2
668.8
6.0
5.8
156.0
113.9
48.3
18.9
-102.5
198.9
-102.3
-4.4
33.4
296.6
56.3
2.5
285.6
172.5
-98.5
2
3
4
5
6
7
8
9
10
11
12
13
Securities
Open market paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Corporate and foreign bonds
Corporate equities (2)
Mutual fund shares
384.7
16.7
534.1
-671.2
107.2
75.1
-5.7
334.1
84.7
-1.5
320.9
-2.6
44.3
-319.2
-186.8
227.7
-144.9
-1.8
-222.4
5.6
-64.8
132.3
-213.1
218.7
108.2
-0.3
232.0
-118.8
-152.1
98.2
-325.0
373.6
165.6
-2.0
-167.3
-132.6
-37.4
104.3
-323.6
722.8
-122.1
-0.4
37.6
-221.9
-238.4
-7.3
-397.0
704.8
65.6
-0.4
241.9
60.3
-248.7
269.2
-648.7
390.5
700.4
3.9
-83.8
-306.0
39.8
-54.0
90.7
1009.3
255.7
-0.9
-61.6
-115.3
40.3
-54.3
-242.9
688.8
-281.9
-1.1
-307.1
-38.3
-82.9
107.6
-661.0
699.1
-11.8
-10.1
-216.6
-70.7
-146.8
417.9
-481.4
494.1
6
7
8
9
10
11
12
13
14
15
24.6
420.6
6.2
595.9
73.9
485.5
-26.6
501.2
6.7
492.5
-0.3
541.2
23.6
593.1
-19.9
406.9
18.2
430.1
41.6
546.3
-13.3
586.6
14
15
16
-166.8
167.9
138.6
61.0
147.9
30.3
97.1
30.7
235.9
115.6
209.3
16
17
18
19
20
21
22
1669.5
386.9
330.0
970.8
-9.7
-8.5
1689.9
376.5
319.0
1005.0
-8.5
-2.2
1765.4
376.5
338.7
1061.2
-8.3
-2.7
1887.0
420.5
356.3
1123.5
-8.4
-4.9
2060.9
489.0
366.3
1179.7
-7.8
33.7
1885.7
424.0
355.8
1127.1
-8.5
-12.7
1941.8
447.0
363.7
1149.7
-8.3
-10.3
2004.6
463.7
355.7
1162.9
-8.1
30.5
2048.1
486.0
363.1
1174.7
-7.9
32.2
2097.9
507.8
369.2
1190.1
-7.7
38.5
2093.0
498.5
377.2
1191.0
-7.6
33.8
17
18
19
20
21
22
23
24
25
26
1576.8
377.9
278.4
920.6
1570.4
372.0
280.3
918.1
1599.0
369.4
290.2
939.4
1637.5
371.7
302.8
963.1
1673.1
388.4
321.1
963.6
1644.8
373.6
303.5
967.8
1657.4
376.8
307.2
973.4
1644.1
381.5
312.1
950.6
1663.7
386.0
317.3
960.4
1682.5
390.6
323.9
968.1
1701.9
395.7
331.0
975.2
23
24
25
26
27
92.6
119.4
166.4
249.5
387.8
240.9
284.4
360.5
384.4
415.3
391.0
27
9.0
51.6
50.3
-9.7
-8.5
4.5
38.7
86.9
-8.5
-2.2
7.1
48.4
121.9
-8.3
-2.7
48.9
53.6
160.4
-8.4
-4.9
100.6
45.2
216.1
-7.8
33.7
50.4
52.4
159.3
-8.5
-12.7
70.2
56.6
176.2
-8.3
-10.3
82.2
43.6
212.3
-8.1
30.5
100.0
45.8
214.3
-7.9
32.2
117.3
45.3
222.0
-7.7
38.5
102.8
46.2
215.8
-7.6
33.8
28
29
30
31
32
-247.2
-303.7
-146.4
183.5
298.9
-28.9
536.6
-43.5
256.6
644.8
337.8
33
-201.5
33.3
-103.7
0.7
38.1
-14.2
-347.5
-46.0
-25.3
3.4
75.2
36.5
-251.9
-18.8
108.9
2.4
-39.3
52.3
-249.6
-11.7
169.4
1.4
64.9
209.2
-76.0
82.0
174.3
0.9
35.4
82.2
-326.5
-0.8
136.3
2.5
98.7
60.8
-100.6
59.8
186.9
4.1
138.4
248.0
-204.6
-8.5
180.5
-0.1
16.4
-27.2
-103.5
93.9
171.3
2.6
-21.2
113.5
95.4
119.1
179.1
1.6
44.6
204.9
-91.2
123.5
166.3
-0.6
101.9
37.9
34
35
36
37
38
39
28
29
30
31
32
33
34
35
36
37
38
39
40
-34.4
-28.4
0.6
-10.0
18.2
10.4
-66.2
15.5
16.3
18.3
22.9
40
41
907.6
1253.0
1527.7
1231.8
1184.6
891.2
1445.7
1853.0
1092.7
587.4
1205.2
41
42
43
50.3
0.5
86.9
-1.7
121.9
-0.4
160.4
-1.4
216.1
-1.2
159.3
-1.6
176.2
-1.6
212.3
-1.9
214.3
-0.4
222.0
-2.6
215.8
-0.0
42
43
44
856.9
1167.9
1406.2
1072.8
969.7
733.6
1271.1
1642.5
878.7
368.0
989.4
44
45
670.7
634.2
668.2
687.4
566.2
604.1
824.1
502.0
580.4
617.3
565.2
45
46
Difference
186.2
533.7
738.0
385.4
403.5
129.5
446.9
1140.5
298.4
-249.3
424.2
46
10937.2
11243.7
11787.4
12245.8
12475.9
12205.1
12520.4
12296.9
12417.4
12567.7
12621.5
47
8.3
7.8
6.1
1.7
11.1
10.4
5.6
4.7
13.0
11.9
5.7
6.3
10.1
8.8
5.6
3.1
9.5
7.8
4.5
3.2
7.3
6.0
4.9
1.1
11.5
10.2
6.6
3.6
15.1
13.4
4.1
9.3
8.8
7.1
4.7
2.4
4.7
2.9
4.9
-2.0
9.5
7.8
4.5
3.4
48
49
50
51
47
Memo:
Disposable personal income
48
49
50
51
(1) Consolidated statement for households and nonprofit organizations and nonfinancial noncorporate business.
(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 13), life insurance reserves (line 14), and pension entitlements (line 15).
(3) Line 17 less line 23.
(4) Table F.9, line 59 plus line 63.
(5) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
(6) Line 44 and 45 are conceptually equivalent but measure saving using different data. Line 44 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 43) plus
net investment in nonfinancial assets net of consumer durables (line 27 less line 42) less net increase in liabilities (line 33) plus net capital transfers paid (line 40). Personal savings, NIPA concept (NIPA) (line 45)
is disposable personal income (line 47) less personal outlays (table F.100, line 4).
Summary
17
2
3
4
5
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
Securities
7
8
9
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
46682.2
50654.6
51440.7
55221.4
62158.1
54371.9
55221.4
57448.8
58035.2
59724.4
62158.1
50.2
934.9
6684.1
1386.9
49.7
956.7
6812.2
1206.5
46.9
1283.2
7187.8
1187.5
45.1
1370.3
7568.6
1205.1
50.8
1463.4
7764.1
1181.1
46.4
1242.6
7404.8
1139.1
45.1
1370.3
7568.6
1205.1
46.5
1372.7
7619.8
1155.3
51.3
1346.0
7633.6
1098.4
50.2
1345.0
7720.5
1140.4
50.8
1463.4
7764.1
1181.1
2
3
4
5
17039.5
19318.5
18849.3
21143.4
26106.5
20820.1
21143.4
22875.0
23287.7
24439.9
26106.5
22.7
858.8
359.3
21.1
1131.8
355.6
19.4
719.3
323.1
19.0
961.9
194.7
17.0
944.3
121.4
19.1
891.0
209.5
19.0
961.9
194.7
20.0
986.0
156.1
19.8
1048.9
159.1
19.5
1006.4
157.0
17.0
944.3
121.4
7
8
9
10
11
Municipal securities
Corporate and foreign bonds
1833.1
2311.8
1877.4
2293.8
1812.6
2427.3
1660.5
2640.9
1623.1
2793.1
1715.6
2542.5
1660.5
2640.9
1675.5
2600.2
1678.1
2605.8
1652.5
2664.7
1623.1
2793.1
10
11
12
13
7491.9
4115.8
8996.7
4594.0
9049.9
4449.2
10337.7
5279.4
13864.8
6692.1
10269.3
5124.1
10337.7
5279.4
11632.5
5755.2
11779.5
5946.7
12546.7
6343.0
13864.8
6692.1
12
13
1109.2
15206.0
2350.4
5973.2
6882.3
1137.2
16745.7
2568.5
6620.7
7556.5
1203.6
17120.8
2601.7
6673.5
7845.7
1186.1
18088.8
2786.8
7154.4
8147.6
1232.1
19600.7
3084.8
8002.7
8513.2
1180.6
17948.8
2746.2
7124.0
8078.6
1186.1
18088.8
2786.8
7154.4
8147.6
1194.6
18563.3
2873.4
7451.9
8238.0
1200.4
18738.6
2879.4
7552.1
8307.2
1217.7
19101.5
2948.3
7754.7
8398.5
1232.1
19600.7
3084.8
8002.7
8513.2
14
15
16
17
18
4182.6
4349.7
4487.0
4547.0
4697.7
4521.9
4547.0
4556.6
4615.4
4646.7
4697.7
19
19782.0
19446.3
19305.7
19424.4
19734.4
19265.5
19424.4
19375.2
19438.9
19618.9
19734.4
20
10916.7
2563.2
2553.5
10424.8
2517.1
2648.1
10172.9
2498.4
2757.0
9918.3
2486.7
2924.3
9853.4
2568.7
3098.6
9934.1
2471.7
2859.4
9918.3
2486.7
2924.3
9867.4
2484.6
2924.4
9840.3
2508.0
2967.7
9863.7
2537.8
3038.8
9853.4
2568.7
3098.6
21
22
23
121.1
203.0
3424.6
124.5
278.2
3453.6
126.9
238.9
3511.7
128.3
303.7
3663.1
129.1
339.2
3745.4
127.2
269.1
3603.9
128.3
303.7
3663.1
128.2
307.9
3662.7
128.9
302.6
3691.4
129.3
313.7
3735.6
129.1
339.2
3745.4
24
25
26
14
15
16
17
18
19
20
Total liabilities
21
22
23
Home mortgages
Other mortgages
Consumer credit
24
25
26
Policy loans
Security credit
Other liabilities
(1) Combined statement for households and nonprofit organizations and nonfinancial noncorporate business.
(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 13), life insurance reserves (line 14), and pension entitlements (line 15).
18
Flows
2009
1
2
3
4
5
Personal income
- Personal current taxes
= Disposable personal income
- Personal outlays
= Personal saving, NIPA (2)
6
7
8
9
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
12082.1
1144.9
10937.2
10266.5
670.7
12435.2
1191.5
11243.7
10609.5
634.2
13191.3
1404.0
11787.4
11119.1
668.2
13743.8
1498.0
12245.8
11558.4
687.4
14135.2
1659.3
12475.9
11909.6
566.2
13701.6
1496.4
12205.1
11601.0
604.1
14073.1
1552.8
12520.4
11696.2
824.1
13925.9
1629.0
12296.9
11794.9
502.0
14086.2
1668.8
12417.4
11837.0
580.4
14225.3
1657.6
12567.7
11950.4
617.3
14303.4
1681.9
12621.5
12056.3
565.2
1
2
3
4
5
0.5
50.3
1323.8
-28.4
-1.7
86.9
1318.6
-20.6
-0.4
121.9
1342.2
2.1
-1.4
160.4
1373.0
-5.1
-1.2
216.1
1397.7
18.2
-1.6
159.3
1379.2
10.4
-1.6
176.2
1389.6
-46.5
-1.9
212.3
1373.3
15.5
-0.4
214.3
1390.0
16.3
-2.6
222.0
1405.8
18.3
-0.0
215.8
1421.7
22.9
6
7
8
9
10
2073.6
2058.5
2129.8
2224.5
2160.5
2130.5
2434.9
2070.3
2168.0
2224.2
2179.8
10
11
Gross investment
2259.9
2592.3
2867.7
2609.9
2564.0
2260.0
2881.9
3210.8
2466.3
1974.9
2604.0
11
1429.3
321.0
970.8
147.1
-9.7
1448.9
318.3
1005.0
134.1
-8.5
1509.6
317.1
1061.2
139.6
-8.3
1613.2
354.3
1123.5
143.8
-8.4
1734.1
413.8
1179.7
148.5
-7.8
1618.9
357.4
1127.1
142.8
-8.5
1663.1
377.7
1149.7
144.1
-8.3
1692.5
392.1
1162.9
145.7
-8.1
1724.4
411.1
1174.7
146.5
-7.9
1762.0
429.9
1190.1
149.7
-7.7
1757.6
422.1
1191.0
152.1
-7.6
12
13
14
15
16
12
13
14
15
16
Capital expenditures
Residential
Consumer durable goods
Nonprofit nonresidential
Nonproduced nonfinancial assets
17
830.6
1143.4
1358.2
996.7
829.9
641.2
1218.7
1518.3
741.9
212.9
846.4
17
18
648.7
892.9
1146.1
1090.7
976.5
539.9
1606.0
1448.2
819.2
646.1
992.3
18
19
20
21
22
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
-6.6
105.7
106.0
-268.6
-0.6
35.9
159.0
-183.5
-2.8
328.8
371.8
-35.0
-1.8
82.8
420.8
16.5
5.7
81.8
185.2
-26.3
8.5
24.9
138.0
-13.7
-5.3
294.0
657.8
3.6
5.8
154.5
110.6
47.6
18.9
-115.6
187.4
-104.8
-4.4
18.7
283.9
53.5
2.5
269.7
158.9
-101.4
19
20
21
22
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
47.8
17.9
-157.4
34.5
-245.5
-457.9
298.6
-411.0
-201.2
-334.2
-35.5
23
16.7
534.1
-671.2
107.1
75.1
-5.3
-3.0
-5.8
-1.5
320.9
-2.6
43.7
-319.2
-0.6
-12.4
-10.4
-1.8
-222.4
5.6
-64.8
132.3
-2.8
0.4
-3.9
-0.3
232.0
-118.8
-152.1
98.2
-2.5
-14.6
-7.4
-2.0
-167.3
-132.6
-37.6
104.3
4.4
-9.3
-5.4
-0.4
37.6
-221.9
-238.5
-7.3
-0.5
-13.3
-13.6
-0.4
241.9
60.3
-248.9
269.2
-8.7
-13.1
-1.8
3.9
-83.8
-306.0
39.8
-54.0
7.1
-9.4
-8.6
-0.9
-61.6
-115.3
40.1
-54.3
5.4
-10.2
-4.5
-1.1
-307.1
-38.3
-83.1
107.6
1.9
-9.3
-4.7
-10.1
-216.6
-70.7
-147.0
417.9
3.0
-8.2
-3.7
24
25
26
27
28
29
30
31
-5.7
334.1
-74.1
24.6
420.6
-69.9
34.9
-186.8
227.7
25.7
6.2
595.9
187.1
8.3
-213.1
218.7
58.1
73.9
485.5
-53.2
70.7
-325.0
373.6
23.6
-26.6
501.2
-3.8
-5.1
-323.6
722.8
57.8
6.7
492.5
-7.8
27.2
-397.0
704.8
10.1
-0.3
541.2
-11.9
-6.7
-648.7
390.5
-16.6
23.6
593.1
-28.6
44.1
90.7
1009.3
26.1
-19.9
406.9
33.3
-5.8
-242.9
688.8
150.9
18.2
430.1
-19.5
8.9
-661.0
699.1
24.9
41.6
546.3
-48.5
26.0
-481.4
494.1
29.2
-13.3
586.6
3.6
79.5
32
33
34
35
36
37
38
-181.8
-250.5
-212.1
94.0
146.6
-101.2
387.3
-70.1
77.3
433.1
145.9
39
-231.1
-349.7
-186.3
27.0
114.4
-201.6
266.3
-84.2
100.5
392.8
48.7
40
-159.9
-103.7
5.9
33.0
0.5
-6.8
-365.6
-25.3
-2.2
52.4
2.4
-11.4
-229.1
108.9
-7.8
-53.9
1.9
-6.4
-237.9
169.4
-14.5
111.5
1.2
-2.8
-74.6
174.3
-13.1
21.7
2.0
4.2
-312.9
136.3
-15.4
-8.1
2.6
-4.1
-94.3
186.9
-18.5
184.1
4.2
3.9
-191.9
180.5
-6.5
-64.3
0.5
-2.5
-102.1
171.3
-14.6
36.2
5.1
4.6
88.6
179.1
-13.4
130.2
0.6
7.7
-93.1
166.3
-18.1
-15.3
1.7
7.1
41
42
43
44
45
46
38.1
16.0
-4.9
75.2
21.4
2.7
-39.3
14.0
-0.4
64.9
1.5
0.6
35.4
-5.4
2.1
98.7
-0.0
1.7
138.4
-3.2
-14.3
16.4
-6.4
4.1
-21.2
-9.4
7.4
44.6
-0.6
-3.7
101.9
-5.2
0.4
47
48
49
-186.2
-533.7
-738.0
-385.4
-403.5
-129.5
-446.9
-1140.5
-298.4
249.3
-424.2
50
(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. 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 63.
(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 fund shares (line 33) and life insurance reserves (line 35), and pension entitlements (line 36).
(7) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes social security.
(8) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table F.218, line 23.
(9) 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 21.
19
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
1869.7
2233.6
2382.4
2739.2
2910.7
2729.1
2788.6
2867.2
2895.7
2930.3
2949.6
1693.9
1931.4
2048.3
2119.8
2214.2
2106.0
2152.6
2143.6
2208.6
2192.9
2311.8
Gross investment
1819.3
1644.0
1195.3
2009.5
2115.6
2006.4
1984.6
2055.5
2088.2
2277.9
2041.1
1249.5
1479.9
1593.1
1777.9
1902.3
1794.8
1773.8
1808.4
1869.7
1945.3
1986.0
5
6
7
Capital expenditures
Fixed investment
Residential
Nonresidential
1390.8
71.3
1319.5
1419.5
58.1
1361.4
1557.5
62.4
1495.1
1712.3
79.5
1632.8
1795.6
100.9
1694.7
1713.6
81.1
1632.5
1761.2
86.2
1674.9
1746.0
93.3
1652.6
1793.3
112.5
1680.9
1802.1
96.8
1705.2
1841.0
101.0
1740.0
5
6
7
8
9
Change in inventories
Nonproduced nonfinancial assets
-147.6
6.3
61.5
-1.1
36.4
-0.9
66.1
-0.4
107.9
-1.2
81.6
-0.4
13.0
-0.4
63.4
-1.0
77.2
-0.9
144.8
-1.5
146.3
-1.3
8
9
10
569.8
164.1
-397.8
231.5
213.3
211.5
210.8
247.1
218.5
332.5
55.1
10
11
185.4
784.9
510.8
985.3
1141.3
1021.1
937.5
987.8
1036.9
1393.0
1147.5
11
12
13
14
15
16
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
Security repurchase agreements
6.8
85.6
172.1
-73.1
0.7
9.1
76.8
62.8
-154.6
4.3
-5.8
27.3
17.1
-34.6
0.4
-21.5
107.4
29.9
-3.0
-2.2
43.1
118.4
85.2
-0.6
-1.1
-4.3
141.7
39.8
25.2
-10.6
15.7
77.5
49.7
84.0
-3.5
62.3
160.4
36.5
-55.6
-1.6
124.8
-51.8
73.0
-46.2
-2.6
13.0
143.7
156.7
75.6
15.8
-27.8
221.3
74.5
23.6
-16.0
12
13
14
15
16
17
3.3
9.3
-5.7
10.1
-34.1
60.2
-49.1
-112.3
12.0
-34.2
-2.0
17
18
19
20
21
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
-1.3
6.8
4.2
1.1
12.0
7.0
1.7
-2.6
-0.1
-4.5
-1.7
-1.6
-7.5
7.9
-2.6
12.2
-20.2
3.0
-4.5
-7.6
15.5
18.3
5.9
22.3
-15.5
-21.6
-17.7
24.9
-0.0
-34.0
-31.5
-54.8
-25.6
28.8
9.1
1.3
-29.5
2.5
0.2
0.1
-25.4
14.5
4.2
22.9
18
19
20
21
22
23
Mortgages
Consumer credit
-5.3
-2.2
2.6
-11.4
-0.1
2.3
0.1
0.0
0.7
-5.4
-0.1
-1.9
0.7
-19.9
-0.2
8.2
0.8
-2.3
0.9
-8.4
1.1
-19.3
22
23
35.3
-57.4
12.0
11.1
142.8
623.3
-12.8
89.2
435.6
0.7
91.2
772.6
0.7
155.3
774.5
0.7
90.9
677.5
0.7
19.7
742.7
0.7
163.4
734.0
0.7
154.9
772.0
0.7
142.5
879.2
0.7
160.5
712.8
24
25
26
-384.4
620.8
908.5
753.8
928.0
809.6
726.6
740.7
818.4
1060.5
1092.4
27
-255.9
172.3
547.1
720.4
915.4
608.8
1140.2
624.3
990.7
1098.3
948.1
28
-73.1
37.2
411.7
24.5
33.2
438.6
33.4
8.5
410.8
14.0
15.2
579.6
12.7
9.3
640.3
-35.5
9.7
587.1
70.5
11.9
782.0
20.9
11.3
579.4
-19.3
6.4
570.8
92.5
20.6
745.3
-43.2
-0.9
665.8
29
30
31
-336.0
-166.1
-129.5
-103.8
-85.7
-134.5
125.6
60.8
-92.0
166.1
-24.3
-30.1
94.5
54.5
104.0
118.8
-31.1
-40.3
172.0
18.6
85.2
55.4
6.0
-48.8
117.8
185.1
129.9
101.4
9.0
129.6
103.2
17.8
205.4
32
33
34
24
25
26
27
28
29
30
31
Commercial paper
Municipal securities
Corporate bonds
32
33
34
35
36
37
38
Corporate equities
Trade payables
Taxes payable
Miscellaneous liabilities
-62.1
-65.8
-9.5
79.3
-277.4
186.6
6.4
346.7
-472.2
33.1
10.0
842.2
-399.5
120.1
8.2
314.8
-383.7
137.4
-14.2
278.7
-395.4
123.6
-8.3
489.3
-403.4
53.3
22.4
-62.7
-256.2
157.3
-16.9
193.5
-421.4
84.4
-18.3
204.0
-449.9
223.9
0.5
220.1
-407.5
83.9
-21.9
497.1
35
36
37
38
39
-70.4
186.2
-51.5
-10.3
-5.5
-8.4
-23.3
38.6
-20.9
-32.4
-7.3
39
-125.4
287.4
853.0
110.3
98.6
99.6
168.0
88.1
120.5
-85.0
270.7
40
40
Discrepancy
(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
Flows
2009
20
Flows
2009
1
2
3
4
5
6
7
8
9
10
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
752.5
177.8
351.7
1049.4
1272.3
194.2
6.7
38.3
1434.9
1034.3
220.6
375.5
1077.2
1515.5
218.2
-41.0
20.9
1671.8
1026.7
222.3
440.3
1249.3
1613.4
226.1
-56.0
-6.4
1790.0
1293.7
256.9
478.8
1071.4
1629.4
214.2
-10.0
-16.7
1850.3
1337.7
265.6
497.3
1130.9
1705.8
223.7
3.7
-5.7
1938.8
1288.8
249.1
461.2
1075.0
1653.5
199.8
-22.0
-9.0
1840.3
1319.4
268.4
540.4
1085.8
1596.4
232.8
-8.4
-44.4
1865.2
1307.7
266.6
483.3
1113.9
1671.7
204.5
-13.0
-9.6
1872.8
1324.7
264.1
463.3
1127.0
1724.2
196.1
8.9
-5.7
1934.9
1345.2
263.7
577.2
1135.7
1639.9
270.1
1.7
-4.5
1916.2
1373.3
268.0
465.4
1147.3
1787.2
224.2
17.3
-2.9
2031.5
1
2
3
4
5
6
7
8
9
Gross investment
1560.2
1384.4
936.9
1740.0
1840.2
1740.7
1697.2
1784.7
1814.4
2001.1
1760.8
10
1009.3
1142.0
-139.0
6.3
1238.9
1176.4
63.7
-1.1
1337.2
1299.0
39.1
-0.9
1504.1
1433.5
71.0
-0.4
1575.6
1502.6
74.2
-1.2
1527.9
1434.0
94.3
-0.4
1495.1
1472.2
23.3
-0.4
1496.3
1464.3
33.0
-1.0
1545.9
1501.8
45.0
-0.9
1609.4
1504.7
106.3
-1.5
1650.6
1539.4
112.4
-1.3
11
12
13
14
11
12
13
14
Capital expenditures
Fixed investment (3)
Inventory change + IVA
Nonproduced nonfinancial assets
15
551.0
145.5
-400.3
235.9
264.7
212.8
202.1
288.4
268.5
391.7
110.2
15
16
302.4
633.2
494.1
910.4
1045.8
958.4
802.6
963.9
928.5
1272.9
1018.1
16
17
18
19
20
21
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
Security repurchase agreements
6.8
70.7
176.9
-71.4
0.7
9.1
79.7
59.9
-157.7
4.3
-5.8
29.7
13.2
-35.4
0.4
-21.5
92.7
24.7
-4.1
-2.2
43.1
107.1
74.9
-2.9
-1.1
-4.3
128.6
35.8
24.4
-10.6
15.7
54.4
38.7
81.7
-3.5
62.3
158.9
33.3
-56.3
-1.6
124.8
-64.9
61.5
-48.7
-2.6
13.0
129.0
144.0
72.9
15.8
-27.8
205.4
60.9
20.7
-16.0
17
18
19
20
21
22
10.0
2.6
-6.7
8.7
-36.9
59.1
-52.0
-113.2
9.0
-37.6
-5.7
22
-1.3
12.5
4.2
0.9
-4.1
-2.2
12.0
5.1
1.7
-3.2
-1.6
-11.4
-0.1
-5.1
-1.7
-1.6
-0.6
2.3
-7.5
7.2
-2.6
12.2
-0.6
0.0
-20.2
1.6
-4.5
-7.8
-0.6
-5.4
15.5
17.8
5.9
22.2
-0.6
-1.9
-15.5
-23.1
-17.7
24.7
-0.6
-19.9
-0.0
-34.5
-31.5
-54.8
-0.6
8.2
-25.6
27.3
9.1
1.1
-0.6
-2.3
-29.5
0.7
0.2
-0.1
-0.6
-8.4
-25.4
12.7
4.2
22.7
-0.6
-19.3
23
24
25
26
27
28
35.3
-31.1
11.1
105.7
-12.8
83.4
0.7
83.5
0.7
140.0
0.7
84.9
0.7
3.2
0.7
158.6
0.7
137.7
0.7
123.5
0.7
140.1
29
30
104.5
269.7
-4.0
0.0
-9.3
-152.0
518.5
303.3
11.9
0.1
26.7
176.5
428.1
399.8
10.0
-0.0
8.4
10.0
727.9
365.8
7.4
0.0
-0.4
355.1
720.9
323.4
1.2
0.0
-0.4
396.7
639.8
355.3
5.8
0.0
-1.0
279.7
663.7
364.7
21.6
-0.0
20.9
256.6
721.2
294.8
-6.2
0.3
-4.0
436.3
711.0
372.1
7.3
-0.2
3.7
328.1
811.5
306.2
1.3
-0.1
0.6
503.4
639.8
320.4
2.4
0.1
-2.1
318.9
31
32
33
34
35
36
-248.5
487.8
894.4
674.5
781.1
745.6
600.5
675.5
660.0
881.2
907.8
37
-209.3
-73.1
52.7
244.4
398.7
148.8
590.3
367.8
398.1
478.0
351.1
38
-62.1
-277.4
-472.2
-399.5
-383.7
-395.4
-403.4
-256.2
-421.4
-449.9
-407.5
39
-147.1
204.4
524.9
643.9
782.5
544.2
993.7
623.9
819.5
927.9
758.5
40
23
24
25
26
27
28
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Mortgages
Consumer credit
29
30
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
39
40
41
42
43
44
45
46
Commercial paper
Municipal securities (5)
Corporate bonds (4)
Depository institution loans n.e.c.
Other loans and advances (6)
Mortgages
-73.1
37.2
411.7
-234.0
-160.8
-128.1
24.5
33.2
438.6
-83.5
-90.4
-118.1
33.4
8.5
410.8
68.9
60.2
-56.9
14.0
15.2
579.6
78.3
-33.7
-9.5
12.7
9.3
640.3
44.6
47.9
27.6
-35.5
9.7
587.1
56.7
-43.7
-30.1
70.5
11.9
782.0
83.0
10.7
35.6
20.9
11.3
579.4
20.0
22.5
-30.1
-19.3
6.4
570.8
55.8
163.9
41.9
92.5
20.6
745.3
56.1
2.2
11.3
-43.2
-0.9
665.8
46.6
3.1
87.2
41
42
43
44
45
46
47
48
49
50
51
52
53
Trade payables
Taxes payable
Miscellaneous liabilities
Foreign direct investment in U.S.
Pension fund contributions payable
Claims of pension fund on sponsor
Other
-82.6
-3.3
46.5
104.6
-8.4
82.7
-132.4
156.3
7.2
397.3
157.0
15.4
-14.9
239.7
25.2
8.8
807.7
195.2
3.0
-12.5
622.0
118.4
6.6
305.0
165.1
-2.0
50.1
91.8
128.1
-17.2
271.6
133.1
-1.0
54.9
84.5
125.5
-9.5
480.8
135.5
-0.7
14.7
331.3
38.1
19.2
-47.0
173.2
-2.5
99.4
-317.1
138.9
-17.9
186.6
91.0
0.8
49.0
45.9
84.6
-21.8
199.1
142.0
0.4
36.4
20.4
213.9
-3.3
192.6
159.1
-1.1
50.3
-15.7
74.9
-26.0
507.9
140.2
-3.9
84.1
287.5
47
48
49
50
51
52
53
-125.4
287.4
853.0
110.3
98.6
99.6
168.0
88.1
120.5
-85.0
270.7
54
-269.7
-235.6
-220.1
-115.2
-133.9
-103.6
-92.9
-162.4
-187.2
-32.1
-153.9
55
54
55
Discrepancy
Memo:
Financing gap (7)
21
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
253.0
251.8
256.8
264.5
275.4
265.6
267.8
270.8
273.8
276.7
280.3
259.0
259.6
258.4
269.5
275.4
265.7
287.4
270.8
273.8
276.7
280.3
Gross investment
259.0
259.6
258.4
269.5
275.4
265.7
287.4
270.8
273.8
276.7
280.3
240.2
248.8
-8.5
241.0
243.1
-2.2
255.8
258.5
-2.7
273.8
278.7
-4.9
326.8
293.0
33.7
266.9
279.6
-12.7
278.7
289.0
-10.3
312.1
281.6
30.5
323.7
291.5
32.2
335.9
297.4
38.5
335.4
301.6
33.8
4
5
6
18.8
18.6
2.5
-4.3
-51.4
-1.2
8.8
-41.3
-50.0
-59.2
-55.1
-117.0
151.7
16.7
74.9
95.5
62.8
134.8
23.9
108.5
120.1
129.4
4
5
6
Capital expenditures
Fixed investment (2)
Change in inventories
9
10
11
14.9
-4.8
-1.7
-2.8
2.9
3.1
-2.3
3.9
0.8
14.8
5.2
1.1
11.3
10.3
2.2
13.1
4.0
0.9
23.2
11.0
2.4
1.5
3.2
0.7
13.1
11.5
2.5
14.6
12.7
2.7
15.9
13.6
2.9
9
10
11
12
-6.7
6.6
1.0
1.4
2.8
1.1
2.9
0.9
3.1
3.4
3.7
12
-5.7
0.2
-1.2
0.0
1.9
0.5
4.2
0.0
0.5
0.1
0.5
0.0
0.7
0.1
0.6
0.0
1.4
0.2
1.2
0.0
0.5
0.1
0.5
0.0
1.5
0.2
1.3
0.0
0.4
0.0
0.4
0.0
1.6
0.2
1.4
0.0
1.7
0.2
1.5
0.0
1.8
0.2
1.6
0.0
13
14
15
16
-26.3
-92.5
-9.8
-0.0
-82.7
37.0
104.8
29.7
0.4
74.7
5.8
7.5
-11.6
0.3
18.8
7.8
44.7
15.1
0.2
29.5
15.4
53.6
-5.3
0.6
58.3
5.9
37.8
14.9
0.4
22.5
16.4
78.9
19.2
0.2
59.5
4.8
12.8
-7.6
-0.2
20.6
17.3
61.1
-3.1
1.1
63.1
19.0
67.7
-5.1
1.0
71.8
20.4
73.0
-5.3
0.5
77.8
17
18
19
20
21
-135.8
133.1
14.2
79.3
146.9
64.0
126.1
65.2
158.4
179.3
184.6
22
-108.7
-32.1
22.1
76.5
132.9
64.6
146.5
0.4
171.2
170.4
189.6
23
-102.0
-5.3
-1.4
-20.3
4.7
-16.5
56.7
0.6
-35.2
87.8
9.3
-20.6
49.8
6.6
76.5
62.2
12.6
-10.2
89.0
7.9
49.6
35.5
-16.4
-18.7
62.0
21.2
87.9
45.3
6.8
118.3
56.6
14.7
118.3
24
25
26
16.8
-6.3
32.8
30.3
-0.7
-50.6
7.9
1.2
34.5
1.7
1.5
9.8
9.3
3.1
7.1
-1.9
1.2
8.5
15.3
3.3
-15.6
18.4
1.0
6.9
-0.2
3.4
4.9
10.0
3.8
27.5
9.0
4.1
-10.8
27
28
29
-70.4
186.2
-51.5
-10.3
-5.5
-8.4
-23.3
38.6
-20.9
-32.4
-7.3
30
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Treasury securities
Municipal securities
Mortgages
Consumer credit
Trade receivables
Miscellaneous assets
Insurance receivables
Equity investment in GSEs (3)
Other
Net increase in liabilities
Credit market instruments
Depository institution loans n.e.c.
Other loans and advances
Mortgages
27
28
29
Trade payables
Taxes payable
Miscellaneous liabilities
30
(1) Net capital transfers paid from table F.9, line 59.
(2) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 11 and 16 respectively.
(3) Equity in the Farm Credit System.
Flows
2009
22
Flows
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Gross investment
19
20
Fixed investment
Nonproduced nonfinancial assets
21
22
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1919.2
1998.5
2029.9
2039.4
2101.3
2039.6
2059.7
2078.7
2110.8
2103.2
2112.4
287.8
934.8
45.6
18.6
87.8
566.1
-21.4
297.6
960.4
47.7
18.1
82.6
612.0
-19.8
327.0
988.5
50.7
18.3
80.0
581.8
-16.5
348.8
1004.9
51.4
17.5
78.5
552.6
-14.3
376.6
1027.4
55.2
17.5
81.4
558.5
-15.4
349.2
1000.6
51.1
17.4
78.4
557.0
-14.1
358.8
1008.3
51.3
17.3
79.3
558.7
-14.0
377.1
1021.9
54.5
17.3
80.2
542.7
-14.9
393.1
1020.2
56.0
17.4
80.9
558.4
-15.2
365.6
1029.7
54.0
17.6
81.9
569.9
-15.5
370.4
1037.7
56.6
17.9
82.6
563.1
-15.9
2
3
4
5
6
7
8
2191.2
2235.8
2243.0
2292.1
2320.4
2299.7
2313.9
2308.5
2308.4
2329.2
2335.6
1508.4
492.6
188.8
1.4
1518.3
523.8
192.1
1.6
1517.4
532.0
192.9
0.5
1536.4
544.3
211.0
0.5
1548.2
561.7
210.1
0.5
1536.8
548.8
213.7
0.5
1544.3
553.7
215.5
0.5
1543.0
552.3
212.7
0.5
1541.4
555.9
210.6
0.5
1550.8
568.9
209.0
0.5
1557.4
569.5
208.1
0.5
10
11
12
13
-271.9
-237.3
-213.1
-252.7
-219.1
-260.1
-254.2
-229.8
-197.6
-226.0
-223.1
14
208.2
-67.7
212.7
-76.7
221.7
-73.9
231.4
-74.1
237.6
-71.0
232.4
-73.2
233.7
-80.5
234.9
-71.3
236.6
-68.6
238.3
-74.9
240.6
-69.1
15
16
4.0
52.2
82.5
52.8
89.4
45.5
60.0
76.4
107.6
87.2
86.6
17
-58.9
51.3
18.0
83.3
65.8
77.0
75.3
79.6
111.1
8.8
63.5
18
363.0
12.3
351.9
10.6
337.2
10.1
334.9
10.2
330.9
9.5
334.6
10.2
331.2
10.1
326.1
9.8
327.8
9.6
335.6
9.4
334.0
9.2
19
20
-434.2
-311.2
-329.4
-261.8
-274.6
-267.8
-265.9
-256.3
-226.3
-336.1
-279.7
21
10.8
66.1
-56.6
-77.0
13.3
-25.0
-229.1
42.5
112.8
-63.9
-38.2
22
23
24
19.2
9.3
5.6
-6.9
16.6
14.4
-8.9
20.3
7.4
21.0
-7.6
37.4
-12.9
4.5
13.8
13.2
-10.4
53.6
28.8
13.7
-2.7
3.4
23
24
25
26
9.8
-4.2
13.7
-1.4
-0.1
-6.5
-8.8
-6.9
1.2
0.9
-6.7
-5.3
-18.7
-14.7
2.0
1.6
6.4
5.1
-2.6
-2.0
-1.2
-0.9
25
26
27
-37.4
60.8
-77.3
-69.3
-31.5
-49.0
-174.0
1.4
41.6
-121.2
-47.6
27
-39.0
-17.4
9.7
13.0
6.8
22.4
-10.8
-45.5
-12.7
-5.4
-12.7
-29.4
0.7
-38.9
3.9
-4.1
-6.1
-22.3
-11.3
-54.0
-62.3
1.2
-11.5
6.7
3.9
0.4
21.4
-1.6
-104.6
-8.6
-0.7
-40.0
-3.9
28
29
30
1.0
3.3
4.9
1.4
7.4
10.0
0.1
-4.0
-4.5
-0.8
-9.4
-11.7
0.1
1.2
1.5
-0.6
-7.1
-8.9
-1.6
-20.0
-24.8
0.2
2.1
2.7
0.6
6.9
8.5
-0.2
-2.8
-3.4
-0.1
-1.3
-1.6
31
32
33
28
29
30
31
32
33
Municipal securities
Corporate and foreign bonds
Mortgages
34
35
Corporate equities
Mutual fund shares
-2.3
1.7
-0.3
2.8
-4.3
-0.7
-5.0
-2.6
0.7
0.3
-3.8
-2.0
-10.6
-5.5
1.1
0.6
3.7
1.9
-1.5
-0.8
-0.7
-0.3
34
35
36
37
38
Trade receivables
Taxes receivable
Miscellaneous assets
-4.6
-5.8
25.2
13.1
1.1
-22.5
2.3
2.2
-3.2
8.2
1.5
-5.5
9.6
3.1
0.7
7.2
8.8
-4.1
4.7
9.8
-11.6
8.8
-1.3
1.2
8.7
-1.7
4.0
14.3
9.1
-1.6
6.4
6.1
-0.7
36
37
38
445.0
377.3
272.7
184.8
287.9
242.7
36.8
298.8
339.1
272.2
241.5
39
39
40
113.0
69.5
-52.7
-5.3
-38.9
-6.5
-115.5
73.0
32.8
-116.5
-144.8
40
41
42
43
44
Municipal securities
Short-term (3)
Long-term
U.S. government loans
112.2
7.8
104.4
0.8
68.7
-0.7
69.3
0.9
-53.6
-10.6
-42.9
0.9
-5.7
3.8
-9.4
0.4
-39.4
-10.9
-28.6
0.5
-6.1
10.0
-16.1
-0.4
-116.0
-27.2
-88.8
0.5
71.7
-4.4
76.0
1.3
33.0
8.6
24.4
-0.2
-116.9
-19.4
-97.5
0.5
-145.4
-28.3
-117.2
0.6
41
42
43
44
38.9
293.0
38.5
269.3
38.4
287.0
39.1
151.0
39.6
287.2
39.2
210.1
39.2
113.1
39.2
186.5
39.3
267.0
39.9
348.8
40.0
346.4
45
46
62.9
0.9
64.5
-30.5
23.7
-31.5
-15.3
-3.3
-3.5
78.4
23.1
47
45
46
47
Trade payables
Claims of pension fund on sponsor (4)
Discrepancy
(1) Data for employee retirement funds are shown in table F.118.
(2) Table F.9, line 62.
(3) Debt with original maturity of 13 months or less.
(4) Included in miscellaneous liabilities.
23
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2230.1
2391.7
2516.7
2663.0
3037.9
2656.6
2709.0
2900.1
3166.9
2975.8
3108.7
857.2
91.4
200.4
14.8
950.8
48.5
66.2
0.7
893.8
96.8
298.7
15.7
970.9
54.6
64.4
-3.1
1077.0
108.6
294.2
16.3
904.3
57.4
66.1
-7.3
1149.2
118.0
351.0
17.8
937.8
52.9
49.7
-13.4
1282.8
120.3
326.1
20.0
1093.9
164.6
54.5
-24.4
1147.2
118.2
356.1
17.1
934.6
52.2
45.6
-14.4
1194.0
118.0
347.9
19.9
955.3
53.3
38.4
-17.8
1252.0
118.8
321.0
19.2
1081.7
74.1
53.9
-20.6
1275.7
118.6
328.7
19.4
1091.2
299.6
57.4
-23.8
1292.0
119.3
329.3
20.0
1096.7
93.4
51.0
-25.9
1311.5
124.5
325.5
21.5
1106.0
191.3
55.5
-27.2
2
3
4
5
6
7
8
9
3479.9
3721.3
3764.9
3772.7
3792.8
3775.8
3787.5
3753.2
3820.1
3825.7
3772.4
10
933.7
1624.9
510.7
353.6
56.9
1003.9
1726.6
555.9
380.6
54.3
1008.7
1745.3
529.0
422.6
59.4
1011.7
1790.5
493.1
420.6
56.8
970.8
1856.8
492.9
414.4
57.9
1036.1
1793.1
500.0
391.1
55.6
993.9
1812.3
489.3
434.7
57.3
982.3
1848.1
479.2
386.1
57.5
976.0
1849.0
498.1
438.4
58.5
972.4
1862.8
509.2
422.7
58.6
952.6
1867.2
485.3
410.1
57.1
11
12
13
14
15
-1249.8
-1329.5
-1248.3
-1109.7
-754.9
-1119.3
-1078.5
-853.1
-653.1
-850.0
-663.7
16
234.5
0.5
5.0
64.4
245.3
-1.7
4.9
84.8
256.5
-0.4
4.4
81.4
262.3
-1.4
4.6
79.9
267.6
-1.2
5.3
58.8
262.9
-1.6
4.6
74.0
263.7
-1.6
4.7
103.5
265.6
-1.9
5.3
65.8
266.8
-0.4
5.3
58.4
267.8
-2.6
5.3
61.5
270.0
-0.0
5.4
49.5
17
18
19
20
16
17
18
19
20
21
-1085.1
-1172.2
-1077.2
-930.5
-550.3
-933.3
-921.4
-656.7
-449.6
-646.3
-448.6
21
22
23
24
Gross investment
Fixed investment
Nonproduced nonfinancial assets
-1023.2
284.0
-8.9
-1117.8
300.0
-1.0
-1061.0
295.4
-0.9
-843.1
284.0
-1.4
-435.7
275.1
-0.7
-493.1
286.0
-1.4
-853.9
281.4
-1.4
-858.8
272.7
-0.6
66.8
276.6
-0.8
-467.3
278.8
-1.1
-483.3
272.2
-0.3
22
23
24
-1298.3
-1416.7
-1355.5
-1125.7
-710.0
-777.8
-1133.9
-1130.9
-209.0
-745.0
-755.2
25
237.8
281.1
-154.8
116.4
174.4
94.0
175.0
139.9
208.7
-85.6
434.8
26
51.9
-174.2
0.3
309.1
142.0
0.6
66.0
12.6
87.9
0.6
-21.1
35.9
35.4
1.6
148.9
0.1
83.6
-47.2
0.3
3.5
-6.2
133.1
24.1
-0.7
27.1
-3.5
16.2
-257.6
-0.3
19.1
-118.1
-0.1
4.8
4.1
128.5
40.3
4.8
20.8
1.9
4.3
6.7
0.2
105.0
-31.1
-0.2
2.5
1.6
132.1
-13.2
2.6
11.9
-1.0
-1.5
69.6
-0.5
123.7
0.0
-0.1
6.8
4.0
113.1
-4.8
0.1
-19.7
7.6
3.1
-28.1
-0.4
114.7
0.0
-0.4
-8.0
2.0
121.1
-9.9
6.2
8.1
0.1
-3.7
79.4
-0.4
94.4
0.0
-0.1
-2.6
-4.2
101.3
-5.0
-0.3
10.1
0.5
3.3
-8.6
-1.3
165.3
0.0
-0.2
10.1
7.2
148.2
-5.2
-14.1
-2.4
2.7
-1.0
130.6
0.5
125.1
0.0
-0.1
8.5
-0.5
117.2
-2.8
14.4
-46.5
-11.6
-4.2
-189.0
0.3
105.2
0.0
-0.1
3.8
3.7
97.7
-10.3
-4.5
1.7
15.3
-4.3
345.4
-1.4
99.3
0.0
-0.0
4.6
5.5
89.2
-1.1
4.6
-31.7
24.0
27
28
29
30
31
32
33
34
35
36
37
38
39
1536.1
1697.8
1200.7
1242.2
884.4
871.7
1308.9
1270.8
417.7
659.4
1189.9
40
47.6
3.0
-0.4
1443.9
-2.8
-73.3
1519.8
0.1
0.0
-56.2
1.1
97.0
61.9
15.6
19.5
0.0
0.0
-0.3
1580.2
-3.3
-19.0
1601.8
0.7
0.0
6.3
0.9
110.7
65.7
20.2
24.9
0.0
0.0
0.0
1067.9
-2.7
-249.5
1319.0
1.1
0.0
9.4
1.3
122.1
70.8
19.2
32.1
0.0
0.0
0.0
1140.2
-2.8
107.0
1036.3
-0.4
0.0
8.0
0.3
93.7
40.4
48.2
5.0
0.0
0.0
-0.4
759.1
-3.3
-35.9
798.7
-0.4
0.0
23.5
0.3
102.0
98.2
-9.7
13.4
0.0
0.0
0.0
787.7
-2.5
74.4
716.2
-0.3
0.0
17.0
-0.2
67.2
45.8
43.0
-21.6
0.0
0.0
0.0
1176.1
-5.0
53.8
1125.3
1.9
0.0
10.2
-0.5
123.1
-86.5
175.1
34.5
0.0
0.0
0.0
1168.7
-2.5
646.7
525.5
-1.0
0.0
1.8
0.2
100.1
229.9
-141.3
11.5
0.0
0.0
0.0
299.9
-3.7
-880.3
1182.6
1.3
0.0
31.1
0.8
86.1
-272.6
361.1
-2.5
0.0
0.0
-1.4
174.1
-3.3
-160.7
337.5
0.5
0.0
24.8
-0.5
462.3
-110.3
605.7
-33.0
0.0
0.0
0.0
1393.6
-3.6
250.6
1149.1
-2.4
0.0
36.4
0.5
-240.6
545.9
-864.1
77.7
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
-61.9
-54.5
-16.2
-87.5
-114.6
-440.2
-67.6
202.1
-516.4
-179.0
34.7
56
-173.2
148.9
-258.0
7.5
69.6
-24.6
24.8
-54.2
227.3
-185.1
290.3
57
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
51
52
53
54
55
56
57
(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
(2) Table F.9, line 61 less line 12.
(3) Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that
the government purchased from depository institutions and finance companies.
(4) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at issuance price.
(5) 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 U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
Flows
2009
24
Flows
2009
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1
2
3
4
2608.7
1976.0
496.5
136.1
3018.1
2362.0
514.1
142.0
3360.9
2669.9
542.1
149.0
3453.5
2743.1
565.7
144.6
3475.0
2757.0
565.6
152.4
3432.3
2723.5
564.4
144.3
3444.9
2729.5
572.8
142.6
3465.5
2737.3
575.9
152.4
3474.6
2747.9
570.1
156.6
3480.4
2766.0
559.1
155.3
3479.6
2776.9
557.3
145.4
1
2
3
4
5
6
7
2227.5
1583.8
643.7
2563.5
1843.5
720.0
2904.0
2101.1
802.8
3014.5
2195.9
818.6
3077.3
2259.8
817.6
3011.2
2199.2
812.0
3043.5
2213.7
829.8
3027.5
2214.2
813.3
3055.9
2238.9
817.0
3087.8
2265.8
822.0
3138.1
2320.1
818.0
5
6
7
8
9
-0.6
381.7
-0.7
455.2
-1.6
458.6
6.6
432.4
-0.4
398.1
-2.3
423.4
30.3
371.1
-0.4
438.5
-0.4
419.1
-0.4
393.0
-0.4
342.0
8
9
Gross investment
Nonproduced nonfinancial assets
230.9
0.0
437.9
-0.0
550.4
-0.1
446.3
0.0
230.6
0.3
111.7
0.0
548.2
0.0
161.5
-0.0
261.1
0.0
270.2
1.1
197.8
0.0
10
11
10
11
12
230.9
437.9
550.5
446.3
230.3
111.7
548.2
161.5
261.1
269.2
197.8
12
13
236.5
1196.8
1108.4
696.8
782.4
558.1
1272.9
904.2
1695.2
229.5
300.6
13
0.0
47.6
-201.9
-9.2
-73.2
7.2
-42.7
123.5
-41.4
554.4
569.9
-15.5
-226.0
-169.5
-56.6
7.7
-127.3
-44.0
154.9
57.2
6.6
0.0
166.5
150.4
16.1
0.0
0.0
-61.8
29.5
9.0
-7.1
74.2
623.7
-0.5
740.4
442.0
298.3
-72.3
-96.0
23.8
13.1
-36.8
-20.2
74.6
111.5
19.8
0.0
323.5
205.9
117.7
0.0
0.0
213.9
81.8
47.2
24.9
123.3
239.6
0.7
357.9
169.8
188.0
-41.6
-29.5
-12.1
-1.4
-109.9
33.9
-38.7
147.5
17.7
0.0
251.2
230.2
21.0
0.0
0.0
-136.0
68.3
37.1
20.2
2.6
449.7
3.4
589.5
433.2
156.4
-71.8
-126.0
54.2
-2.4
-16.9
-52.2
29.9
182.0
11.5
0.0
31.7
166.4
-134.8
0.0
0.0
260.4
48.9
47.4
61.7
56.3
513.3
1.8
418.3
233.3
184.9
-91.6
-25.3
-66.3
-1.4
191.5
-5.2
31.7
-87.6
11.9
0.0
-161.8
156.1
-318.0
0.0
0.0
-251.7
93.1
67.5
13.7
93.0
688.8
5.2
600.3
386.8
213.5
26.8
-68.5
95.4
10.4
80.6
-34.5
93.4
6.5
26.4
0.0
-272.6
155.4
-428.0
0.0
0.0
-516.4
84.4
88.7
14.9
158.8
582.3
19.9
558.4
406.4
152.0
-124.6
-141.4
16.8
-19.1
206.8
-59.2
313.5
110.0
-4.7
0.0
441.5
169.2
272.3
0.0
0.0
382.0
10.7
-2.1
7.9
221.8
561.4
35.0
531.6
435.5
96.1
-167.4
-88.1
-79.3
-10.9
163.4
9.7
16.5
-107.2
14.4
0.0
-201.1
114.5
-315.6
0.0
0.0
1133.6
33.2
23.9
203.1
-117.4
87.7
-15.0
65.5
-35.4
100.9
-137.4
-40.1
-97.4
-19.8
168.5
25.9
-128.4
-205.6
20.8
0.0
644.3
162.2
482.0
0.0
0.0
-160.5
89.5
82.0
15.4
10.6
538.6
-51.3
253.7
42.9
210.8
87.8
81.1
6.7
12.5
291.2
-55.4
274.7
-71.9
2.6
0.0
-551.6
176.7
-728.3
0.0
0.0
-313.5
62.3
85.7
20.5
110.3
865.7
38.6
822.2
490.3
331.9
-149.4
-54.2
-95.2
12.5
142.9
-1.0
-35.9
34.5
9.9
0.0
-538.9
171.0
-709.9
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
5.7
758.9
557.9
250.5
552.1
446.5
724.7
742.7
1434.1
-39.6
102.8
39
52.3
-110.7
55.7
208.1
59.4
163.3
-14.8
-0.0
-5.2
-9.6
0.3
63.7
6.1
0.0
-269.5
1.7
-543.3
310.4
23.5
-61.7
1.8
-9.3
200.3
81.4
-2.7
59.9
24.0
2.1
15.6
6.3
0.2
79.1
25.8
0.0
379.7
2.3
-10.1
301.1
10.6
75.8
15.9
-46.3
71.6
128.9
-53.5
137.7
43.2
-1.2
16.8
27.6
1.4
6.0
-32.2
0.0
414.1
2.6
99.7
409.0
30.6
-127.8
4.5
-30.2
39.7
126.2
27.9
62.2
30.4
0.8
0.6
29.1
5.7
82.6
6.3
0.0
21.5
2.4
-91.0
388.3
-51.5
-226.8
-1.4
86.9
-114.7
204.1
34.4
129.6
39.2
1.0
20.0
18.2
1.0
211.4
-1.9
0.0
167.6
3.9
-8.6
373.1
-29.0
-171.8
3.3
141.0
-2.4
230.0
78.4
133.2
18.3
0.1
-19.8
38.0
0.2
71.5
-2.2
0.0
5.2
1.0
-61.6
374.5
-48.7
-260.0
-3.6
-89.1
118.7
330.4
54.5
250.5
15.0
4.2
-2.1
12.9
10.5
41.5
7.4
0.0
319.2
0.3
-14.9
381.7
-156.9
109.1
3.5
96.8
-70.5
393.4
120.7
239.8
33.3
-0.1
23.0
10.4
-0.4
295.3
-4.5
0.0
28.7
0.1
-3.8
336.5
89.8
-393.9
-0.8
315.3
-159.8
46.0
13.7
3.9
24.9
-0.4
17.1
8.2
3.5
313.6
7.6
0.0
912.2
8.3
-25.3
388.0
-146.0
687.1
-4.0
-73.3
10.0
117.6
-20.9
97.7
41.3
2.1
24.8
14.3
-0.4
91.9
-5.3
0.0
-176.4
0.1
-4.6
383.3
106.5
-661.6
-4.1
8.8
-238.3
259.5
24.1
177.0
57.2
2.2
15.1
40.0
1.2
144.8
-5.3
0.0
-62.6
7.2
-0.9
384.8
-166.4
-287.3
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
150.8
17.3
-91.9
-13.9
167.6
311.7
-177.1
277.0
158.0
122.7
144.2
60
-392.2
147.2
136.1
-381.2
-518.5
206.0
142.0
-454.5
-568.7
260.8
149.0
-457.0
-547.2
252.8
144.6
-439.0
-497.3
252.0
152.4
-397.7
-524.4
247.6
144.3
-421.1
-515.8
257.0
142.6
-401.4
-523.1
237.4
152.4
-438.1
-509.0
246.8
156.6
-418.7
-500.2
262.9
155.3
-392.6
-456.8
260.6
145.4
-341.6
61
62
63
64
25
2011
2012
2013
2012
Q3
Gross investment
2013
Q4
Q1
Q2
Q3
Q4
350.6
384.6
333.2
331.2
282.2
377.9
262.0
395.2
127.9
377.8
228.1
0.6
-35.7
105.2
254.4
477.1
104.3
480.7
385.7
570.8
862.9
88.8
166.7
-0.1
166.9
167.4
4.7
162.8
181.5
6.3
175.2
198.7
5.3
193.4
207.9
2.1
205.8
197.8
5.1
192.7
204.0
4.9
199.1
208.0
4.9
203.1
192.8
-10.4
203.2
211.5
5.9
205.6
219.1
7.9
211.2
3
4
5
3
4
5
Capital expenditures
Fixed residential investment
Fixed nonresidential investment
-166.1
-203.1
-76.2
55.7
269.2
-93.5
276.7
177.7
378.0
651.4
-130.3
-1150.0
-351.0
1947.8
1785.5
3947.4
1629.3
3173.2
4772.6
3299.0
4373.5
3344.4
8
9
10
11
12
0.3
3.0
4.0
11.6
-349.5
0.3
0.0
0.9
8.7
-106.9
-0.3
0.0
0.7
-62.9
603.0
0.2
0.0
0.6
0.4
-64.1
0.2
0.0
0.8
-9.6
760.1
0.2
0.0
0.5
28.7
-254.9
0.1
0.0
0.5
12.5
234.3
0.2
0.0
0.9
21.8
1170.7
0.2
0.0
0.7
-46.7
887.0
0.2
0.0
0.7
-3.2
899.4
0.1
0.0
0.8
-10.2
83.4
8
9
10
11
12
13
14
15
16
-34.7
129.2
-174.0
-84.0
-29.3
-108.4
-171.7
6.5
36.8
-46.2
-68.0
-59.1
10.9
12.2
-17.8
96.7
6.6
76.0
-7.3
43.7
-4.7
153.5
36.7
162.6
152.2
62.4
229.0
-35.8
18.3
-32.6
-137.0
144.8
-14.3
79.4
18.7
-252.1
64.6
294.8
128.2
135.6
-42.1
-37.7
-39.2
146.6
13
14
15
16
17
-976.9
-173.3
1051.3
1082.9
1812.7
789.5
1802.1
1966.2
1457.4
1590.6
2236.8
17
18
19
20
21
22
-396.8
365.7
681.4
38.4
37.4
-103.3
504.6
51.8
44.1
271.6
-76.3
981.3
147.7
15.0
204.4
-7.1
323.8
230.9
138.2
360.4
17.9
544.5
463.4
3.3
369.8
-38.8
137.9
203.5
194.6
431.1
46.1
449.3
213.3
122.1
435.8
89.2
767.4
679.2
102.3
458.9
16.3
265.4
449.2
2.6
157.1
22.6
329.2
157.9
-38.9
457.8
-56.3
815.9
567.2
-52.7
405.4
18
19
20
21
22
23
24
25
26
-753.4
-463.8
-302.2
-183.7
-90.4
-209.7
-505.3
-136.7
146.6
-30.9
-318.4
-18.0
184.1
38.7
-230.6
44.6
184.3
122.9
34.5
72.1
161.0
-5.5
-324.9
30.6
272.1
105.1
51.1
107.2
30.9
26.9
-221.3
32.7
208.5
280.0
17.2
61.0
211.6
121.3
234.5
94.6
286.4
63.4
107.3
100.2
23
24
25
26
27
28
Corporate equities
Mutual fund shares
170.4
68.9
81.4
17.1
-86.3
-14.3
165.1
71.2
295.1
25.7
267.8
74.7
216.3
46.8
171.3
53.4
312.3
21.1
225.6
46.7
471.3
-18.2
27
28
29
30
Trade receivables
Security credit
-38.0
-21.8
-8.6
97.9
-0.8
39.7
-1.6
165.2
2.0
-21.7
5.9
256.2
-11.0
189.1
3.9
-131.7
-5.1
-79.2
0.4
50.1
9.0
73.9
29
30
31
32
2.8
138.6
8.2
26.2
7.3
546.9
14.7
248.9
10.9
952.1
11.7
101.0
1.1
273.5
10.2
1512.3
5.4
914.4
9.7
930.0
18.4
451.6
31
32
33
-983.9
-147.9
2024.0
1729.8
3678.2
1722.8
2896.6
4594.9
2921.1
3722.0
3474.7
33
34
-541.1
-145.2
818.5
-188.2
1065.0
-487.5
-343.7
1850.0
2000.7
527.7
-118.5
34
35
36
37
38
-7.9
343.7
-498.7
290.4
266.3
115.6
-503.2
4.5
234.5
404.1
-112.8
-64.4
268.5
520.4
7.1
17.1
332.0
414.2
28.7
-58.1
223.1
435.8
55.3
-102.2
623.6
862.7
312.8
77.5
299.1
124.3
-135.0
-87.9
70.2
417.8
77.2
-507.1
161.7
831.4
270.2
62.4
796.9
283.3
-97.8
300.3
35
36
37
38
39
-1808.7
-931.8
-435.2
-395.6
184.6
-272.0
-243.2
-4.2
52.9
78.3
611.5
39
40
41
42
-448.1
-60.1
-586.0
-102.2
-46.9
-575.2
-68.2
-21.9
-325.8
-58.8
-22.4
-209.6
-48.8
239.0
-103.1
-65.4
-7.6
-223.4
-86.1
67.0
-140.8
-12.4
182.0
-248.9
-15.7
225.6
-296.6
-132.3
198.5
10.9
-35.0
349.8
122.2
40
41
42
43
44
45
-435.4
-282.6
3.4
-62.9
-144.7
0.2
31.6
-60.0
9.1
-124.0
3.5
15.6
29.0
70.9
-2.3
32.0
-19.8
12.2
-99.0
0.8
14.9
6.4
46.5
22.1
29.6
126.3
-16.4
-61.4
62.0
0.6
141.3
48.7
-15.4
43
44
45
316.3
497.1
191.3
370.1
164.1
338.4
168.6
624.9
171.4
662.1
274.3
784.7
227.3
542.5
235.4
956.8
49.7
506.9
185.6
673.9
214.9
510.7
46
47
48.9
-134.0
-52.0
48.4
-3.8
137.1
-0.0
124.0
0.3
0.6
-2.0
167.6
5.0
34.1
4.6
-122.1
1.0
92.9
-9.3
30.4
4.9
1.2
48
49
46
47
Corporate equities
Mutual fund shares
48
49
Trade payables
Security credit
50
51
26.3
420.6
13.6
595.9
79.9
485.5
-12.2
501.2
17.3
492.5
11.5
541.2
25.2
593.1
-9.8
406.9
22.9
430.1
51.8
546.3
4.5
586.6
50
51
52
53
54
Taxes payable
Equity in noncorporate business
Miscellaneous liabilities
6.1
0.6
112.3
13.0
0.9
64.9
10.7
-1.7
40.7
6.6
6.5
120.8
8.0
-2.3
247.3
37.8
-3.6
56.4
-34.5
-5.3
338.2
43.6
-5.3
968.1
-67.2
1.3
-388.0
36.2
-16.1
301.4
19.3
10.9
107.6
52
53
54
350.0
420.3
228.0
76.8
-194.8
273.6
-218.7
9.5
-442.9
-485.1
139.3
55
55
Discrepancy
(1) Sum of financial sectors shown on tables F.108 and F.110 through F.130.
Flows
2009
26
2010
2011
2012
2013
2012
Flows
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
-0.8
-8.6
-0.3
-17.6
-1.3
-18.9
-5.6
-1.6
-1.2
-1.2
-1.1
0.7
0.6
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.6
-3.4
186.0
494.0
7.7
1118.9
-203.0
447.7
1211.2
1116.3
1022.7
1125.4
0.3
3.0
4.0
0.3
0.0
0.9
-0.3
0.0
0.7
0.2
0.0
0.6
0.2
0.0
0.8
0.2
0.0
0.5
0.1
0.0
0.5
0.2
0.0
0.9
0.2
0.0
0.7
0.2
0.0
0.7
0.1
0.0
0.8
4
5
6
-0.6
0.7
0.8
0.1
-0.5
0.4
0.5
-0.4
-0.5
0.6
-1.6
-463.1
-447.4
-15.7
-96.4
-96.4
0.0
-0.0
-0.0
0.0
-0.1
-0.1
0.0
0.0
0.0
0.0
0.2
0.2
0.0
-0.2
-0.2
0.0
-0.2
-0.2
0.0
0.4
0.4
0.0
0.2
0.2
0.0
-0.4
-0.4
0.0
8
9
10
-80.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
11
1001.6
271.5
376.5
34.5
1086.1
-203.4
398.4
1134.2
1083.8
1023.6
1102.9
12
4
5
6
8
9
10
11
12
13
14
15
16
17
18
19
0.0
300.7
0.0
300.7
1048.5
908.4
140.2
0.0
244.9
0.0
244.9
71.4
83.8
-12.4
0.0
642.0
0.0
642.0
-197.9
-154.5
-43.5
0.0
2.7
-18.4
21.1
61.8
89.0
-27.2
0.0
542.6
0.0
542.6
543.9
563.5
-19.6
0.0
-78.8
-73.7
-5.1
-112.4
-80.1
-32.3
0.0
61.8
0.0
61.8
340.2
366.7
-26.5
0.0
575.2
0.0
575.2
559.7
577.1
-17.4
0.0
548.5
0.0
548.5
535.8
548.7
-13.0
0.0
522.5
0.0
522.5
501.7
535.8
-34.1
0.0
524.3
0.0
524.3
578.6
592.3
-13.7
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
-347.6
47.5
0.0
-45.5
0.1
-16.7
-3.5
-5.9
-323.6
-44.8
-22.8
0.0
0.0
-3.4
-2.2
-2.5
-4.4
-9.4
-67.6
-15.7
0.0
0.0
-21.0
-20.0
-6.7
-4.2
0.0
-29.9
-8.5
0.0
0.0
-4.9
0.0
-6.8
-9.8
0.0
-0.5
-0.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-12.2
-12.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-3.6
-3.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.7
-0.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.5
-0.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-0.6
-0.6
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
20
21
22
23
24
25
26
27
28
25.1
-493.8
-543.5
49.6
1.3
7.8
-10.2
18.0
-26.4
142.9
99.7
43.1
0.0
-27.6
-90.9
63.4
0.0
32.3
-8.6
40.9
0.0
-1.0
-61.7
60.7
0.0
48.5
-14.6
63.1
0.0
76.6
-3.3
79.9
0.0
31.6
-25.5
57.1
0.0
-2.6
-4.7
2.1
0.0
23.5
-1.0
24.5
29
30
31
32
-8.0
185.1
493.7
7.3
1118.7
-203.1
447.8
1210.4
1116.6
1022.9
1125.1
33
117.0
-2.8
-8.9
-2.2
594.2
8.1
-71.2
7.1
758.0
2.6
-266.5
11.0
202.7
31.3
1197.2
-25.8
891.6
-4.6
876.6
22.0
66.7
18.7
34
35
-117.6
185.0
-122.1
62.1
139.6
47.8
131.6
-16.8
313.7
-109.1
370.3
36
-173.8
-0.0
80.5
-254.3
149.0
-0.1
-45.9
195.0
-255.0
-0.0
-55.0
-200.0
7.0
0.0
7.0
0.0
69.8
0.1
69.7
0.0
-24.1
0.0
-24.1
0.0
24.5
0.1
24.4
0.0
-52.3
0.3
-52.6
0.0
226.5
-0.4
226.9
0.0
-185.9
0.2
-186.1
0.0
290.8
0.3
290.5
0.0
37
38
39
40
1.0
14.0
41.2
0.9
-21.6
56.7
-3.2
51.1
85.0
6.3
-37.4
86.2
1.5
-1.3
69.5
16.2
-29.2
84.9
3.2
18.3
85.7
11.0
-28.1
52.6
3.3
-2.7
86.6
-4.3
18.3
62.9
-3.9
7.3
76.1
41
42
43
-10.6
-18.0
40.2
7.3
208.7
29.1
57.8
-6.9
-41.2
249.0
634.1
44
6.1
4.6
1.5
29.2
0.9
28.3
-26.7
0.4
-27.1
2.0
0.5
1.5
9.9
0.1
9.7
-24.5
0.1
-24.6
24.3
-0.0
24.3
62.7
0.8
61.8
-43.0
-0.3
-42.7
-15.6
-0.2
-15.4
35.3
0.3
35.1
45
46
47
-6.0
-10.0
-1.2
-18.6
-2.0
-19.5
-6.1
-2.9
-1.5
-1.6
-1.9
48
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
Miscellaneous liabilities
Federal Reserve Bank stock
Other
48
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) Shown on table F.203.
(3) Federal Reserve loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.
(4) Federal Reserve loans extended to U.S.-chartered depository institutions through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
(5) Loans extended to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF).
(6) Loans extended through the Federal Reserves Primary Dealer Credit Facility (PDCF) and AMLF.
(7) 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.
(8) 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.
(9) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts.
(10) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC.
(11) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance
Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.
(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
27
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
90.9
142.9
76.1
27.5
119.2
69.3
-54.0
151.8
89.2
127.4
108.2
29.7
24.7
24.0
25.7
30.7
25.3
27.8
30.6
30.4
30.8
31.1
-458.0
-185.1
-92.2
-86.9
146.2
-255.1
126.9
-74.2
415.4
356.1
-112.4
-518.6
-240.1
830.9
449.8
995.3
196.6
707.9
1181.6
1375.4
875.1
549.0
-2.8
117.0
-2.2
-8.9
8.1
594.2
7.1
-71.2
2.6
758.0
11.0
-266.5
31.3
202.7
-25.8
1197.2
-4.6
891.6
22.0
876.6
18.7
66.7
5
6
-597.4
-194.4
208.9
413.6
287.8
300.3
696.2
115.0
208.7
206.0
621.6
5
6
Vault cash
Reserves at Federal Reserve
8
9
10
11
12
-15.7
94.7
172.6
3.4
-137.8
0.0
103.0
138.5
29.3
-124.7
0.0
-46.7
133.6
46.8
4.3
0.0
86.6
49.7
66.0
-6.2
0.0
-34.3
47.1
54.7
-16.3
0.0
60.0
16.5
84.6
87.2
0.0
103.9
-12.2
48.7
51.9
0.0
-69.7
159.8
58.7
-83.9
0.0
-147.2
68.8
65.2
-24.0
0.0
-89.7
-98.7
53.2
50.2
0.0
169.4
58.7
41.6
-7.4
8
9
10
11
12
13
14
15
16
-405.8
0.0
-245.2
-63.6
-45.7
0.0
-213.9
-81.0
214.1
0.0
-146.8
3.6
214.0
0.0
-45.2
48.7
184.8
0.0
-22.4
74.2
173.3
0.0
-165.2
44.0
275.7
0.0
132.5
95.7
31.6
0.0
-18.1
36.7
209.0
0.0
-14.9
51.8
212.2
0.0
-16.7
95.6
286.4
0.0
-39.9
112.9
13
14
15
16
6.3
14.1
-1.7
-5.6
0.9
-0.5
5.1
8.7
-0.7
10.6
6.1
11.5
3.0
21.1
-2.7
14.9
0.1
1.3
-1.5
16.1
1.2
9.9
17
18
-59.9
0.8
22.7
4.5
79.0
4.8
100.3
7.4
-57.2
5.9
157.4
5.9
50.7
6.4
-148.2
5.3
-58.0
4.2
5.5
5.2
-28.0
8.8
19
20
17
18
Corporate equities
Mutual fund shares
19
20
Security credit
Life insurance reserves
21
3.3
-54.4
-64.5
-21.2
-11.7
-29.0
-303.6
25.8
331.9
-254.8
-149.9
21
22
-60.6
-55.0
923.1
536.7
849.0
451.8
581.0
1255.8
960.0
518.9
661.5
22
23
-655.3
-134.1
216.2
-124.1
304.4
-232.0
-577.7
678.6
1113.6
-370.9
-203.9
23
24
25
26
Checkable deposits
Small time and savings deposits
Large time deposits
109.7
517.2
-173.6
81.3
298.3
-182.7
356.7
577.4
-173.3
206.4
539.7
-19.2
192.4
311.9
102.3
175.3
529.6
-93.8
492.0
736.4
126.3
315.9
130.8
-6.4
-243.5
371.4
46.4
270.8
604.1
227.4
426.6
141.3
142.1
24
25
26
27
294.2
-140.5
-80.3
-120.2
-61.2
-116.2
-121.7
-101.9
-182.4
34.7
4.8
27
28
-306.3
-162.1
-75.8
-26.3
20.1
-71.9
27.1
-16.4
69.3
17.9
9.6
28
0.1
-28.5
-278.0
-20.1
6.7
-148.7
7.6
-21.0
-62.5
-33.1
1.3
5.6
-27.8
-18.2
66.1
-45.4
-18.2
-8.3
-13.0
23.7
16.3
-52.2
-7.6
43.5
-41.1
-9.8
120.3
-27.3
-19.8
64.9
9.3
-35.5
35.8
29
30
31
11.6
7.3
11.9
6.6
6.4
10.6
2.1
6.7
2.6
0.4
1.1
16.3
2.3
-6.4
1.4
7.6
0.6
-51.8
3.0
23.9
5.5
22.0
32
33
134.5
16.6
166.8
-73.5
24.7
166.2
12.4
33.4
-31.5
152.0
85.4
27.2
76.1
-33.7
15.8
71.7
-2.4
101.2
-11.8
-15.3
-24.0
5.3
66.3
-3.1
-92.5
243.4
5.6
136.6
-42.3
143.4
-97.2
4.4
71.8
32.3
-205.8
246.2
7.7
110.7
67.7
60.2
-163.7
2.2
-100.8
-3.4
-61.7
-291.9
7.4
70.4
-96.3
-273.5
113.5
3.9
185.1
19.6
-95.1
34
35
36
37
38
519.2
303.3
144.3
88.7
-57.8
299.1
-208.8
195.4
-356.5
-259.5
189.5
39
-2.6
-0.8
-0.1
0.4
1.5
1.0
1.2
1.2
2.0
1.8
0.8
40
29
30
31
Miscellaneous assets
32
33
34
35
36
37
38
Miscellaneous liabilities
Foreign direct investment in U.S.
Investment by holding companies
Investment by funding corporations
Other
39
Discrepancy
Memo:
40
(1) U.S.-chartered depository institutions (F.110), foreign banking offices (F.111), banks in U.S.-affiliated areas (F.112), and credit unions (F.113).
(2) Net capital transfers paid from table F.9, line 54.
(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 nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
Flows
2009
28
2010
2011
2012
2013
2012
Flows
Q3
2013
Q4
Q1
Q2
Q3
Q4
82.2
132.2
63.1
12.1
107.9
53.6
-70.5
140.0
78.1
116.3
97.0
24.2
20.3
19.1
20.0
24.8
19.7
22.0
24.8
24.5
24.8
25.1
-324.2
-356.1
338.8
409.9
629.6
128.5
751.9
729.2
463.1
755.2
570.7
-2.8
44.4
-2.2
-85.6
8.1
222.9
7.1
-0.2
2.5
454.4
11.0
-165.7
31.3
305.6
-25.8
730.3
-4.7
80.4
22.0
885.9
18.7
120.9
4
5
-340.5
-174.7
133.7
361.8
246.5
182.2
641.1
147.3
186.9
75.5
576.3
4
5
Vault cash
Reserves at Federal Reserve
7
8
9
10
11
12
13
14
-15.7
68.1
168.0
-13.4
0.1
70.1
0.1
111.3
0.0
93.0
110.1
-2.2
-0.2
129.4
-0.4
-16.6
0.0
-43.7
106.9
63.8
4.8
80.3
9.8
-51.8
0.0
69.3
35.5
18.6
8.6
-10.8
21.0
-1.9
0.0
-26.1
51.3
40.8
8.4
-23.6
23.9
1.8
0.0
-7.9
17.2
2.0
11.4
-2.2
22.0
-16.0
0.0
115.2
-12.0
-80.5
11.4
-21.9
22.4
56.6
0.0
-80.9
163.5
160.1
11.7
-31.4
19.5
3.5
0.0
-100.3
60.6
59.3
15.0
-45.9
27.4
4.9
0.0
-97.8
-101.5
-79.2
-1.9
-49.9
19.9
9.7
0.0
174.7
82.8
23.0
9.0
32.9
29.0
-11.1
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Municipal securities
Corporate and foreign bonds
Private residential mortgage pass-through securities
Private commercial mortgage pass-through securities
Private residential CMOs and other structured MBS
Private commercial CMOs and other structured MBS
Other
2.4
25.1
6.6
1.1
-51.6
-3.8
73.7
30.3
-98.2
-9.7
-6.4
-70.6
-1.4
-10.7
42.6
2.5
-3.1
-2.5
-22.0
2.7
27.8
65.8
-1.4
15.3
0.4
-20.8
4.1
-0.1
53.4
15.0
10.0
-1.2
-14.6
4.6
16.6
84.7
56.3
-2.6
-0.3
-3.8
5.0
57.0
47.9
31.5
2.5
0.6
-17.7
6.3
40.5
53.9
-15.8
3.7
-0.5
-18.8
4.4
-3.5
66.2
9.9
13.7
1.8
-19.9
2.5
11.5
48.6
48.6
13.1
-4.8
-6.0
4.2
42.2
44.8
17.4
9.3
-1.4
-13.8
7.2
16.3
15
16
17
18
19
20
21
22
23
24
25
-280.8
0.0
-243.3
-64.5
-34.6
0.0
-205.0
-70.3
163.6
0.0
-145.4
7.1
216.6
0.0
-52.2
28.1
136.2
0.0
-36.3
52.9
170.0
0.0
-171.1
33.0
277.8
0.0
114.7
66.0
31.6
0.0
-14.8
9.8
143.4
0.0
-25.9
32.9
148.0
0.0
-40.3
69.9
221.9
0.0
-64.4
99.1
22
23
24
25
6.3
14.8
-1.8
-5.8
1.0
-0.8
5.1
8.3
-0.7
10.7
6.1
11.1
3.0
20.7
-2.7
13.8
0.1
2.2
-1.5
16.6
1.2
10.2
26
27
26
27
Corporate equities
Mutual fund shares
28
29
30
Security credit
Life insurance reserves
Miscellaneous assets
-59.2
0.8
12.1
-5.8
4.5
-84.7
37.3
4.8
-68.2
42.3
7.4
-21.9
-55.9
5.9
-33.9
128.1
5.9
-50.0
4.7
6.4
-260.9
-135.7
5.3
-3.3
-41.6
4.2
235.5
-42.5
5.2
-206.0
-3.7
8.8
-161.6
28
29
30
31
-25.1
-139.3
456.6
507.0
551.1
461.6
580.5
748.1
67.9
615.4
773.1
31
-496.4
-0.6
-463.1
7.5
-40.2
-206.7
0.7
-96.4
-22.2
-88.8
-267.9
0.8
-0.0
36.2
-304.9
-102.8
0.1
-0.1
-18.1
-84.8
154.1
-0.5
0.0
31.8
122.8
-169.1
0.4
0.2
-141.7
-28.0
-350.4
0.5
-0.2
-39.6
-311.1
418.8
-0.4
-0.2
199.8
219.6
230.9
-0.5
0.4
30.1
200.9
20.1
0.6
0.2
-119.5
138.7
-53.3
-1.6
-0.4
16.8
-68.1
32
33
34
35
36
94.0
0.3
-28.7
122.4
69.6
-0.1
-3.8
73.5
319.4
-2.7
25.6
296.5
176.9
0.3
-4.1
180.7
148.8
0.3
-2.6
151.2
163.9
-0.2
4.9
159.2
448.7
0.7
-3.2
451.2
264.9
-0.7
-22.7
288.3
-287.8
0.3
-23.0
-265.1
241.3
0.5
36.7
204.2
376.7
0.9
-1.6
377.3
37
38
39
40
32
33
34
35
36
37
38
39
40
Checkable deposits
Federal government
Rest of the world
Private domestic
41
42
43
472.3
-335.7
256.0
271.7
-133.8
-195.2
537.1
-13.2
-112.7
491.6
-9.1
-142.6
255.2
23.9
-62.4
498.6
-87.9
-109.6
705.2
-29.2
-175.1
107.7
-78.4
-134.6
308.8
34.0
-96.5
521.5
-10.6
-48.9
83.0
150.4
30.5
41
42
43
44
-292.2
-161.7
-73.9
-27.2
17.0
-74.5
24.3
-4.9
64.4
5.4
3.2
44
0.1
-28.5
-263.9
-20.1
6.7
-148.3
7.6
-21.0
-60.5
-33.1
1.3
4.6
-27.8
-18.2
63.0
-45.4
-18.2
-10.9
-13.0
23.7
13.5
-52.2
-7.6
54.9
-41.1
-9.8
115.3
-27.3
-19.8
52.5
9.3
-35.5
29.4
45
46
47
11.6
7.3
11.9
6.6
6.4
10.6
2.1
6.7
2.6
0.4
1.1
16.3
2.3
-6.4
1.4
7.6
0.6
-51.8
3.0
23.9
5.5
22.0
48
49
257.8
166.8
91.1
198.5
33.4
165.1
50.8
76.1
-25.4
111.5
101.2
10.3
11.4
66.3
-54.9
222.8
136.6
86.2
-38.8
71.8
-110.6
165.7
110.7
55.0
-134.8
-100.8
-33.9
-140.4
70.4
-210.8
155.1
185.1
-30.0
50
51
52
357.1
328.8
161.7
89.2
4.6
367.0
-263.9
134.2
-341.6
-48.4
274.4
53
-2.6
-0.8
-0.1
0.4
1.5
1.0
1.2
1.2
2.0
1.8
0.8
54
45
46
47
48
49
50
51
52
Miscellaneous liabilities
Investment by holding companies
Other
53
Discrepancy
Memo:
54
(1) Net capital transfers paid from table F.9, line 54.
(2) 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 nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
29
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
2.2
2.2
2.8
3.3
3.4
3.3
3.3
3.4
3.4
3.5
3.5
2.3
1.9
2.3
2.9
3.0
2.9
3.0
2.9
3.0
3.0
3.1
-247.5
55.5
459.3
-8.7
313.8
74.4
-98.7
348.6
848.8
122.0
-64.0
0.0
45.1
0.0
66.7
0.0
360.2
0.0
-72.2
0.0
309.3
0.0
-68.9
0.0
-127.2
0.0
410.1
0.1
873.2
0.0
14.9
0.0
-61.1
4
5
-287.5
-24.4
42.5
5.8
-7.2
79.2
23.9
-84.9
-39.1
74.2
20.9
4
5
Vault cash
Reserves at Federal Reserve
7
8
9
10
11
0.0
22.0
-19.3
0.0
-157.8
0.0
3.5
-4.8
0.0
-9.4
0.0
-0.5
4.0
0.0
-1.4
0.0
16.1
1.5
0.0
-6.2
0.0
-9.6
-6.7
0.0
-34.1
0.0
65.3
-8.3
0.0
30.5
0.0
-2.7
7.6
0.0
17.8
0.0
11.8
-17.5
0.0
-74.3
0.0
-50.5
-6.4
0.0
-36.6
0.0
9.4
0.1
0.0
1.1
0.0
-8.9
-3.1
0.0
-26.7
7
8
9
10
11
12
13
14
-126.0
0.0
-6.4
-11.3
0.0
-2.5
42.9
0.0
-2.6
-3.7
0.0
-1.9
43.8
0.0
-0.6
-8.4
0.0
0.1
2.3
0.0
-1.2
0.0
0.0
-4.9
54.8
0.0
-0.4
62.5
0.0
1.0
57.8
0.0
1.9
12
13
14
15
16
Corporate equities
Security credit
0.0
-0.8
0.1
28.5
-0.0
41.6
0.0
58.0
0.0
-1.3
0.0
29.3
0.0
46.0
0.0
-12.5
0.0
-16.4
-0.0
48.0
0.0
-24.2
15
16
17
Miscellaneous assets
-4.4
-15.3
15.0
-0.3
13.0
34.8
-41.4
35.8
31.1
-15.1
0.4
17
18
-103.0
35.1
466.6
-15.2
241.0
-9.2
-40.6
367.1
830.7
-94.9
-138.8
18
19
20
21
-156.3
-161.7
5.4
33.7
27.0
6.7
507.2
518.8
-11.7
-7.1
-51.2
44.2
148.4
137.6
10.8
-18.5
-223.7
205.2
-223.7
-205.3
-18.4
215.6
162.3
53.3
883.4
932.7
-49.4
-362.8
-299.2
-63.6
-142.6
-245.4
102.8
19
20
21
22
23
24
Checkable deposits
Small time and savings deposits
Large time deposits
2.6
4.4
148.0
5.7
5.8
-46.5
23.7
13.2
-163.1
16.2
13.8
-16.2
30.8
27.7
71.1
19.9
1.2
-8.1
31.7
1.2
145.5
7.5
20.7
64.1
39.0
10.8
6.5
33.2
61.4
225.5
43.5
17.8
-11.8
22
23
24
25
26
40.6
0.0
54.6
0.0
48.3
0.0
16.2
0.0
-8.4
0.0
-20.9
0.0
57.7
0.0
-12.1
0.0
-82.3
0.0
87.1
0.0
-26.4
0.0
25
26
27
28
29
30
Miscellaneous liabilities
Foreign direct investment in U.S.
Investment by funding corporations
Other
-142.3
16.6
-73.5
-85.3
-18.1
12.4
-31.5
1.1
37.3
27.2
-33.7
43.8
-38.1
-2.4
-11.8
-23.9
-28.5
5.3
-3.1
-30.7
17.1
5.6
-42.3
53.9
-53.0
4.4
32.3
-89.8
71.3
7.7
67.7
-4.0
-26.6
2.2
-3.4
-25.5
-139.3
7.4
-96.3
-50.5
-19.2
3.9
19.6
-42.8
27
28
29
30
144.4
-20.0
7.8
-6.1
-72.4
-83.2
58.5
19.0
-17.7
-216.4
-74.4
31
31
Discrepancy
(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).
Flows
2009
30
2010
2011
2012
2013
2012
Q3
Q1
Q2
Q3
Q4
Gross saving
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
-7.3
-14.8
-4.1
0.0
8.4
-13.3
2.6
0.7
23.8
7.8
1.3
Flows
2013
Q4
5
6
7
8
9
10
11
12
13
-2.8
-19.3
-4.9
-0.1
0.4
-2.9
7.5
-1.1
-0.1
-3.2
6.0
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Corporate and foreign bonds
-0.7
-3.9
0.9
1.5
0.6
-7.7
-0.9
-1.4
-0.0
-8.0
0.9
3.6
-0.6
-2.2
-0.8
1.0
0.7
-0.8
0.9
0.6
-1.5
-3.3
0.1
2.0
-2.1
-5.5
-0.7
2.4
-0.1
-0.7
0.2
1.6
0.1
-1.1
0.2
-0.2
0.8
-0.9
3.0
0.3
2.1
-0.4
0.3
0.6
5
6
7
8
-0.3
-0.3
-0.0
-3.3
-2.5
-4.0
1.1
-2.4
-0.1
1.0
2.3
-0.8
1.4
-1.1
-1.4
1.4
-0.8
-0.9
1.7
11.9
-0.2
0.3
-0.3
-2.1
3.6
-3.0
0.3
1.8
-0.6
-7.7
-0.2
-0.5
4.0
9
10
11
-4.5
4.5
0.8
0.2
8.0
-10.4
-5.0
1.8
23.9
11.1
-4.6
12
-1.1
-14.8
-3.1
-0.1
8.2
-11.5
0.5
0.8
26.1
12.1
-6.0
13
-1.0
1.4
-2.9
-2.9
0.9
0.5
-5.2
-5.2
-1.2
2.8
-0.4
-0.4
-0.4
2.5
-0.1
-0.1
0.2
6.2
2.4
2.4
-2.9
-5.5
-4.1
-4.1
1.5
3.9
1.2
1.2
1.3
0.8
1.2
1.2
-2.7
16.8
5.9
5.9
1.1
5.7
4.2
4.2
1.2
1.4
-1.5
-1.5
14
15
16
17
4.3
-5.9
-3.9
-2.0
-3.0
5.2
-7.2
-3.6
0.3
-3.1
-5.6
18
6.2
-0.0
1.0
-0.1
-0.2
1.9
-2.0
0.1
2.3
4.3
-7.3
19
Miscellaneous assets
Net increase in liabilities
14
15
16
17
18
Miscellaneous liabilities
19
Discrepancy
(1) Commercial banks and branches of U.S.-chartered depository institutions located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.
Gross saving
6.3
8.4
10.0
12.0
7.7
12.3
13.0
8.2
7.6
7.5
7.6
3.1
2.4
2.4
2.7
2.8
2.7
2.8
2.7
2.8
2.8
2.9
60.4
75.3
36.9
48.5
43.4
7.1
52.2
103.1
39.6
-10.0
40.9
27.5
10.0
11.1
1.2
-5.7
-31.8
24.4
56.8
-62.0
-24.2
6.8
33.5
24.0
37.6
46.0
48.2
41.9
23.7
53.7
61.0
59.5
18.4
0.0
5.4
27.8
0.0
-6.7
0.0
5.9
40.9
0.0
-15.7
0.0
-2.5
30.6
3.2
-0.3
0.0
1.7
14.9
1.0
0.3
0.0
0.6
3.3
0.3
2.2
0.0
4.0
11.0
-0.2
-1.6
0.0
-6.5
-2.3
1.5
0.1
0.0
-0.4
14.5
4.5
4.6
0.0
3.5
15.6
-1.2
2.9
0.0
-2.2
3.6
1.5
0.2
0.0
1.5
-20.6
-3.5
1.3
6
7
8
9
10
1.3
4.8
0.9
3.5
0.0
-10.7
6.6
3.5
-3.4
0.1
7.3
20.6
3.4
17.0
21.3
10.2
7.5
10.9
-6.1
7.3
29.7
-0.4
3.9
26.9
7.2
14.0
18.9
-0.1
30.9
25.7
6.9
19.1
13.8
11
12
13
-0.7
0.2
0.2
41.1
0.3
-12.1
0.4
0.8
-0.1
1.0
0.4
-3.4
0.4
3.7
1.1
-8.5
-0.8
41.5
-0.6
-44.7
-0.2
15.9
14
15
6
7
8
9
10
11
12
13
14
15
16
68.6
63.9
3.1
45.0
48.6
10.9
40.6
139.7
35.3
-13.7
33.2
16
17
-1.6
38.1
-21.9
-13.8
1.6
-41.5
-5.1
42.9
2.0
-29.3
-9.1
17
18
19
20
21
Shares/deposits
Checkable
Small time and savings
Large time
72.0
11.6
43.4
17.0
34.3
5.5
26.1
2.8
41.5
10.7
27.4
3.4
51.3
10.7
34.4
6.2
38.2
6.7
26.5
5.0
37.3
-3.1
34.0
6.4
45.4
7.8
28.9
8.8
50.6
42.6
1.3
6.7
34.5
-11.5
45.9
0.0
15.7
-9.4
16.9
8.2
52.0
5.1
42.0
4.9
18
19
20
21
22
23
-2.4
-14.1
0.1
-0.4
-15.9
-2.0
6.2
0.9
9.6
3.1
14.3
2.6
-4.3
2.8
44.9
-11.4
-3.6
4.9
-3.5
12.5
0.7
6.4
22
23
24
Miscellaneous liabilities
14.7
-8.3
1.3
0.3
-3.9
-1.8
1.8
12.8
-2.5
-9.0
-16.8
24
11.5
-5.5
-26.2
5.8
10.1
13.4
-1.3
42.1
0.4
1.1
-3.1
25
25
Discrepancy
31
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
41.4
51.4
32.9
27.1
39.7
42.2
-14.0
50.8
36.9
38.8
32.2
20.1
16.8
17.5
18.7
19.6
18.7
19.1
19.3
19.3
19.6
20.2
40.1
-38.2
24.6
20.7
45.2
38.2
34.0
35.0
42.9
54.7
48.0
4
5
6
-0.3
-3.2
0.1
5.0
-4.0
-0.7
-8.5
-5.6
-2.1
12.3
2.2
0.0
-5.6
0.4
0.0
14.6
12.6
0.9
13.9
0.5
-0.1
-18.8
1.7
0.1
-4.6
-8.8
-0.7
-0.1
5.9
0.5
0.9
2.7
0.1
4
5
6
33.3
3.9
36.2
-2.6
14.4
4.9
12.9
20.8
4.2
23.2
9.3
-9.3
22.9
1.9
-12.6
30.8
-0.5
-1.9
3.2
-0.4
-21.0
24.3
-0.3
0.9
4.6
6.9
-17.4
40.4
0.8
-1.4
-6.1
-9.0
-3.4
16.7
0.7
-0.1
-0.6
0.7
4.7
8.0
1.7
2.5
-5.7
-8.4
-2.1
18.2
0.5
-1.9
-4.6
-6.8
2.3
23.5
0.5
0.6
-0.0
2.7
7.7
9.0
0.9
-2.9
-4.8
1.3
3.6
4.2
2.9
2.0
5.1
2.0
5.7
6.6
1.8
-0.0
-2.8
-3.3
1.8
12.4
1.2
8
9
10
11
12
13
-2.8
0.5
-3.7
16.3
-20.9
-0.1
0.8
-22.2
2.9
-0.7
3.4
-1.0
4.6
1.8
4.8
-2.6
4.7
1.8
7.5
22.0
-3.5
1.8
9.8
-3.0
8.3
1.8
-10.0
6.7
4.9
1.8
8.1
16.4
9.8
1.8
10.4
30.8
-0.8
1.8
6.8
17.4
4.8
1.8
4.8
23.5
14
15
16
17
-4.3
2.9
16.9
-6.0
11.8
1.4
8.7
2.5
10.3
8.8
25.5
18
-1.7
-5.3
5.3
-2.6
0.8
-12.7
5.6
9.2
-1.1
-10.7
-4.4
33.1
0.4
-14.5
3.8
4.4
1.4
-4.7
9.2
5.8
0.7
-22.2
17.9
5.0
0.7
-4.8
-8.1
20.9
1.1
-3.6
30.4
-25.5
1.3
-6.4
-8.1
23.5
1.5
-8.3
10.7
4.9
1.8
-0.4
3.7
20.4
19
20
21
22
-23.2
75.7
7.6
-18.2
-13.3
-13.3
-58.4
-1.1
-15.0
-26.7
-10.5
23
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
(1) Net capital transfers paid from table F.9, line 51.
Gross saving
13.5
16.6
8.0
2.8
7.0
4.6
3.9
8.4
7.0
6.2
6.5
14.6
12.5
13.1
14.0
14.7
14.0
14.3
14.5
14.4
14.7
15.1
116.4
181.5
229.0
127.0
82.9
211.9
246.4
44.1
2.2
153.7
131.6
4
5
6
-32.1
-5.5
2.2
1.0
-12.7
0.7
2.0
7.9
-0.8
2.7
-1.4
-1.6
1.5
-4.0
-2.3
-10.2
-2.4
-0.3
11.4
-1.1
0.1
5.1
2.1
0.9
-38.2
-31.6
-13.2
36.8
14.7
4.0
2.4
-1.0
-0.7
4
5
6
139.8
151.6
125.3
61.0
68.6
147.8
88.1
47.8
74.2
49.1
103.5
11.5
27.7
5.8
26.1
97.6
-12.6
-16.3
-8.9
23.2
4.0
39.2
102.9
-0.2
-8.6
-11.2
18.8
-1.6
9.4
87.1
7.9
15.0
13.9
4.2
-13.8
9.6
33.4
1.8
11.9
-8.3
3.7
2.1
3.7
49.8
2.6
15.0
7.2
9.6
-2.9
14.3
109.4
4.8
5.5
34.5
5.6
-13.1
10.0
37.6
6.2
7.2
-21.6
1.4
5.8
3.9
58.6
-3.4
3.1
-10.6
3.8
5.6
3.9
50.1
6.8
14.6
1.8
7.1
-0.0
1.3
11.0
3.5
24.5
-2.9
2.5
-2.8
5.7
79.7
3.4
17.9
8
9
10
11
12
13
14
33.4
0.0
45.6
1.0
37.7
1.1
15.3
1.3
29.3
1.4
20.0
1.3
18.5
1.3
18.7
1.3
60.9
1.4
13.1
1.4
24.5
1.4
15
16
-21.4
-5.7
55.7
49.7
-11.7
55.7
128.2
-31.8
-51.4
34.6
1.6
17
32.2
145.0
203.7
90.4
69.0
206.6
188.1
21.8
8.3
162.7
83.4
18
-0.5
-0.9
-6.6
-2.2
-4.8
-3.2
0.1
-11.5
1.8
3.1
-9.9
4.8
-0.8
-8.0
5.4
4.0
-7.6
-0.2
3.4
-8.6
-3.0
0.5
-6.6
5.2
0.6
-9.7
6.5
-1.8
-8.5
-2.9
-2.5
-7.1
12.9
19
20
21
26.3
-45.7
-7.0
66.7
13.6
93.0
2.6
46.0
79.9
77.9
5.2
50.4
-12.2
71.1
-4.6
38.2
17.3
36.2
-2.3
21.2
11.5
105.9
0.9
92.1
25.2
171.8
-18.5
17.9
-9.8
0.8
-0.6
32.3
22.9
-10.4
-6.7
5.2
51.8
94.8
0.0
29.3
4.5
59.3
-1.8
18.1
22
23
24
25
-85.3
-32.3
-30.5
-47.8
-21.5
-14.7
-68.7
-28.3
-1.3
0.6
-56.8
26
8
9
10
11
12
13
14
15
16
Corporate equities
Mutual fund shares
17
Miscellaneous assets
18
19
20
21
22
23
24
25
26
Discrepancy
(1) Additional detail on the financial assets and liabilities held in life insurers general and separate accounts is available on F.115.g and F.115.s.
(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
Flows
2009
32
2010
2011
2012
2013
2012
Flows
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
1.4
1.3
1.3
1.3
1.4
1.3
1.3
1.4
1.4
1.4
1.4
1.6
1.4
1.1
1.3
1.3
1.3
1.3
1.3
1.3
1.4
1.4
466.0
502.9
407.8
430.2
456.3
435.3
421.3
406.1
440.6
451.4
527.2
4
5
-2.9
4.4
2.7
5.5
6.1
5.0
-0.5
-3.1
-0.6
-1.4
-0.6
-1.9
1.2
-2.6
-0.1
-0.5
0.7
-10.8
-1.3
0.2
-1.8
5.5
4
5
6
7
-11.5
0.1
-7.1
0.2
18.8
0.3
-5.5
-0.2
-2.5
-0.2
-3.4
0.6
-5.9
-1.0
-0.9
-0.1
-13.1
-1.0
-4.6
-0.1
8.3
0.5
6
7
-65.7
156.1
99.1
42.3
63.2
-3.1
51.9
68.3
-12.9
-327.4
524.8
2.0
64.4
-9.3
3.6
51.4
8.9
5.7
64.6
11.2
-3.8
101.3
52.3
-7.4
62.9
20.8
-8.8
95.3
32.2
-3.6
94.4
49.9
1.4
96.1
47.2
-12.7
11.4
14.6
-5.6
-353.4
10.6
-12.9
497.3
10.9
9
10
11
-116.8
-6.1
89.3
2.3
21.2
-4.4
-105.7
-3.7
-4.5
-5.8
-119.5
-3.5
-87.8
-3.4
-73.3
-4.2
-16.5
-4.6
31.3
-5.5
40.6
-8.8
12
13
9
10
11
12
13
14
15
Corporate equities
Mutual fund shares
-66.1
54.3
-53.4
21.8
-145.4
-14.2
44.2
59.4
-71.1
12.0
40.1
60.1
31.9
22.6
2.2
35.3
23.7
16.5
-174.9
27.5
-135.6
-31.4
14
15
16
17
18
Miscellaneous assets
Claims of pension fund on sponsor (3)
Other
553.4
391.3
28.6
377.0
274.6
28.4
438.1
293.7
52.9
293.5
249.3
-1.9
457.0
332.4
23.0
343.5
267.8
17.5
323.3
387.5
5.7
301.9
94.2
-24.7
437.4
664.5
45.3
932.0
1004.7
24.9
156.8
-433.6
46.5
16
17
18
466.3
502.9
407.6
430.1
456.3
435.3
421.2
406.1
440.5
451.4
527.2
19
570.2
348.5
117.5
136.5
-32.3
630.2
358.2
144.7
51.8
75.6
445.9
348.7
59.1
-26.6
64.7
587.3
340.6
89.6
94.2
62.9
ND
346.1
110.2
ND
ND
679.9
341.5
93.9
149.7
94.9
886.4
346.5
74.7
322.8
142.3
-16.9
345.6
60.5
-436.7
13.7
286.9
346.2
94.3
-148.5
-5.2
739.4
345.9
105.6
192.6
95.4
ND
346.8
180.4
ND
ND
20
21
22
23
24
19
20
21
22
23
24
(1) Private pension funds, state and local government employee retirement funds, and federal government employee retirement funds defined benefit plans and defined contribution plans (including 401(k) type plans).
(2) Includes claims on sponsor (i.e., unfunded pension entitlements).
(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
(4) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
(5) Households retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
(6) Additional detail on private defined benefit plans is available on table L.117.b.
(7) Additional detail on private defined contribution plans is available on table L.117.c.
(8) IRA assets are not included above. See table L.226.i for a sectoral distribution of IRA accounts.
(9) Annuities held in IRAs at life insurance companies are excluded. They are included in line 23.
33
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.6
0.5
0.4
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
156.5
180.1
87.0
127.0
140.7
130.5
116.1
106.9
178.6
138.3
139.0
4
5
-2.9
2.8
2.1
-0.9
5.7
1.4
-0.3
-1.8
-0.5
-0.5
-0.5
-1.0
1.3
-1.8
-0.1
-0.0
1.8
-1.6
-1.4
-0.9
-2.4
0.3
4
5
6
7
-8.8
0.2
-10.1
-0.2
16.8
0.0
-3.9
-0.1
-1.5
-0.1
-2.4
0.7
-4.9
-1.0
-0.3
-0.0
-2.0
-0.1
-5.9
-0.2
2.1
0.0
6
7
12.7
123.2
73.2
12.9
44.8
-3.4
-7.1
28.6
70.0
44.2
36.3
1.0
35.0
-6.4
-2.7
33.2
6.5
2.1
27.8
3.3
-2.4
48.0
17.2
-4.0
40.1
13.7
-7.8
48.0
7.5
-2.7
32.8
15.9
1.9
60.1
9.3
-2.7
51.7
16.3
-6.8
27.5
13.6
-8.6
21.2
15.4
9
10
11
-14.5
-2.4
83.4
2.8
44.6
-4.6
-47.3
-2.5
-2.2
-2.8
-48.7
-2.4
-50.7
-2.5
-40.0
-2.7
7.5
-2.8
12.8
-3.0
11.0
-2.8
12
13
9
10
11
12
13
14
15
Corporate equities
Mutual fund shares
-95.4
56.5
25.2
35.1
-63.8
1.5
11.7
55.0
4.5
26.9
37.5
58.8
-6.9
16.6
14.6
38.8
14.7
26.7
-6.0
43.4
-5.3
-1.2
14
15
16
17
18
19
20
Miscellaneous assets
Unallocated insurance contracts (3)
Contributions receivable
Claims of pension fund on sponsor (4)
Other
191.4
80.0
-8.4
82.7
37.1
5.8
-7.1
15.4
-14.9
12.3
52.2
17.7
3.0
-12.5
44.1
53.5
7.6
-2.0
50.1
-2.2
67.1
4.3
-1.0
54.9
8.9
40.8
13.1
-0.7
14.7
13.7
119.9
19.0
-2.5
99.4
4.0
25.2
1.7
0.8
49.0
-26.2
69.1
-0.3
0.4
36.4
32.6
65.1
13.7
-1.1
50.3
2.2
109.2
2.0
-3.9
84.1
27.0
16
17
18
19
20
156.6
180.1
87.0
126.9
140.7
130.4
116.1
106.9
178.6
138.2
139.0
21
57.3
99.3
53.3
126.7
50.9
36.2
50.7
76.3
50.7
90.0
51.0
79.5
50.7
65.4
50.7
56.2
50.7
127.9
50.7
87.6
50.7
88.3
22
23
21
22
23
(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).
(2) Includes claims on sponsor (i.e., unfunded pension entitlements).
(3) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4.
(4) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
(6) Additional detail on defined benefit plans and defined contribution plans is available on F.117.b and F.117.c.
Flows
2009
34
2010
2011
2012
2013
2012
Flows
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
0.9
0.8
0.8
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
1.0
0.9
0.7
0.8
0.9
0.8
0.9
0.8
0.9
0.9
0.9
215.8
220.7
209.4
203.3
208.4
203.9
208.3
208.4
208.4
208.4
208.3
4
5
0.0
1.6
0.6
6.4
0.4
3.6
-0.2
-1.3
-0.1
-0.9
-0.1
-0.9
-0.1
-0.8
-0.1
-0.5
-1.1
-9.2
0.1
1.1
0.6
5.2
4
5
6
7
-2.8
-0.1
3.1
0.4
2.0
0.2
-1.6
-0.1
-1.0
-0.1
-1.0
-0.1
-1.0
-0.1
-0.6
-0.0
-11.0
-0.9
1.3
0.1
6.2
0.5
6
7
-85.8
22.1
0.4
14.0
9.3
-20.2
40.0
53.8
-38.6
11.8
10.3
1.0
22.0
-3.0
6.3
8.0
1.8
3.6
13.4
7.1
-1.4
41.2
33.6
-3.4
10.2
8.9
-0.9
32.5
23.3
-0.9
42.9
33.7
-0.6
45.5
40.2
-10.1
0.3
0.2
1.2
-1.3
-1.2
-4.3
-3.9
-3.6
9
10
11
0.1
-102.3
-3.7
0.7
5.7
-0.5
0.9
-24.8
0.2
1.9
-60.1
-1.2
-2.8
-0.6
-2.9
1.1
-75.1
-1.1
2.4
-37.2
-1.0
1.2
-31.1
-1.5
-5.1
-22.2
-1.8
-4.8
20.4
-2.5
-2.4
30.5
-6.0
12
13
14
20.5
-2.3
-84.0
-13.2
-77.4
-15.7
36.7
4.5
-85.2
-15.0
11.0
1.3
49.5
6.1
-28.7
-3.5
-0.3
-10.2
-161.7
-15.9
-150.2
-30.2
15
16
284.5
293.0
-8.5
285.3
269.3
16.1
295.8
287.0
8.8
151.3
151.0
0.3
301.3
287.2
14.1
213.9
210.1
3.8
114.8
113.1
1.7
188.1
186.5
1.5
279.7
267.0
12.7
371.5
348.8
22.7
365.9
346.4
19.5
17
18
19
215.9
220.7
209.3
203.3
208.3
203.9
208.3
208.3
208.3
208.3
208.3
20
9
10
11
12
13
14
Municipal securities
Corporate and foreign bonds
Mortgages
15
16
Corporate equities
Mutual fund shares
17
18
19
Miscellaneous assets
Claims of pension fund on sponsor (3)
Other
20
Corporate equities
7
8
9
Miscellaneous assets
Nonmarketable Treasury securities (3)
Claims of pension fund on sponsor (4)
10
93.7
102.1
111.4
99.9
107.3
100.9
96.8
90.8
53.6
104.8
179.9
7.4
10.9
25.6
15.4
9.1
20.5
19.0
-14.0
-44.3
-383.4
478.2
7.4
0.0
-0.0
10.1
0.6
0.2
23.4
0.7
1.4
12.1
1.5
1.7
12.5
-1.7
-1.7
14.8
1.4
4.3
18.6
0.4
0.0
-9.5
-2.2
-2.3
-40.6
-1.9
-1.8
-379.7
-1.9
-1.9
480.0
-0.9
-0.9
3
4
5
8.8
5.4
-4.2
-4.1
9.6
-8.4
-10.8
16.3
9.3
-7.1
19.9
77.5
61.9
15.6
85.9
65.7
20.2
90.0
70.8
19.2
88.6
40.4
48.2
88.6
98.2
-9.7
88.8
45.8
43.0
88.6
-86.5
175.1
88.6
229.9
-141.3
88.6
-272.6
361.1
495.4
-110.3
605.7
-318.3
545.9
-864.1
7
8
9
93.7
102.1
111.4
99.9
107.3
100.9
96.8
90.8
53.6
104.8
179.9
10
75.5
18.2
84.2
18.0
88.4
23.0
86.6
13.3
87.1
20.2
86.5
14.4
87.5
9.3
86.5
4.3
87.2
-33.6
86.8
18.0
87.8
92.1
11
12
Memo:
11
12
35
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
-498.7
-503.2
-112.8
7.1
28.7
55.3
312.8
-135.0
77.2
270.2
-97.8
2
3
4
5
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Security repurchase agreements
11.6
10.5
169.9
-62.4
8.7
-3.7
-107.7
-0.6
-62.9
5.8
-56.3
11.1
0.4
-3.6
32.8
54.2
-9.6
-3.2
59.4
-51.7
28.7
1.5
152.6
-91.9
12.5
11.4
116.4
150.6
21.8
23.4
-32.2
-206.7
-46.7
49.6
81.4
-135.0
-3.2
-84.6
233.2
88.0
-10.2
-1.2
-44.8
46.8
2
3
4
5
-619.9
-108.0
-171.3
-213.1
-69.4
-58.1
-396.6
-116.3
-71.0
-140.2
-53.4
-15.7
-9.8
-40.0
107.9
0.9
-29.4
-49.1
-82.7
-13.3
14.5
-60.2
-20.6
-3.0
30.9
11.3
30.4
17.6
-28.3
0.0
-27.8
-59.1
65.2
-13.9
-3.2
-16.9
-78.4
-8.5
-88.2
-14.1
-3.7
36.0
79.9
51.0
55.4
35.5
-65.9
4.0
112.2
135.5
-18.6
33.4
11.1
-49.2
83.7
-30.8
89.7
30.8
0.4
-6.4
-152.1
-110.5
-5.1
-29.4
-58.9
51.7
6
7
8
9
10
11
6
7
8
9
10
11
12
13
-8.3
-3.4
-0.8
6.1
2.8
-7.9
100.2
-21.2
15.7
-46.8
63.6
12
-498.7
-503.2
-112.8
7.1
28.7
55.3
312.8
-135.0
77.2
270.2
-97.8
13
(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.115).
Gross saving
-40.7
-24.9
-35.3
-33.2
-11.0
-33.6
-31.1
-19.6
-8.3
-8.2
-8.0
497.1
370.1
338.4
624.9
662.1
784.7
542.5
956.8
506.9
673.9
510.7
4
5
6
7
8
9
10
11
12
Corporate equities
Miscellaneous assets
28.6
-15.8
-28.8
54.1
95.7
108.5
-96.2
180.8
81.1
103.0
17.7
387.1
28.6
74.0
50.0
89.4
143.8
1.3
353.6
-13.9
122.5
76.9
46.7
122.3
-0.8
359.4
-26.3
76.1
104.7
15.7
170.3
18.9
642.0
27.5
123.0
87.0
86.2
306.0
12.2
360.8
28.6
61.8
-34.7
-16.5
282.0
39.7
655.2
41.8
12.0
155.1
107.2
333.5
5.6
579.2
-28.7
193.2
-17.1
67.4
344.1
20.3
670.9
-57.5
237.2
-5.2
76.8
388.7
30.8
257.6
32.6
-45.4
15.5
-22.5
207.6
69.9
226.8
63.1
53.3
-151.9
-80.9
315.2
28.0
288.1
76.2
2.0
2.6
-39.3
216.6
30.0
4
5
6
7
8
9
10
86.5
-5.1
44.3
-12.0
4.9
2.9
-38.1
-33.1
161.1
44.4
2.1
18.9
-11.9
71.4
60.2
44.9
164.7
3.4
214.7
129.5
204.9
-0.0
11
12
13
497.1
370.1
338.4
624.9
662.1
784.7
542.5
956.8
506.9
673.9
510.7
13
14
Discrepancy
-40.7
-24.9
-35.3
-33.2
-11.0
-33.6
-31.1
-19.6
-8.3
-8.2
-8.0
14
(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.115).
7.5
0.5
-2.9
2.5
4.1
9.7
17.3
16.9
15.6
-15.9
-0.2
10.5
1.2
3.3
6.0
-3.0
5.3
0.7
0.4
4.2
-4.8
-1.7
-0.3
0.9
-2.3
-1.2
11.2
0.3
3.3
7.6
-8.7
17.7
0.6
0.4
16.7
-13.6
15.0
0.8
3.6
10.7
-5.3
14.7
-0.1
5.0
9.8
2.7
30.4
2.1
1.9
26.4
-13.5
26.1
0.5
2.2
23.4
-10.6
0.7
-0.2
-2.5
3.5
-16.6
13.4
0.1
-0.1
13.4
-13.6
2
3
4
5
6
7.5
0.5
-2.9
2.5
4.1
9.7
17.3
16.9
15.6
-15.9
-0.2
116.5
118.0
117.6
185.2
179.0
207.0
221.0
207.7
60.2
214.4
233.9
46.0
14.7
3.6
27.6
70.5
29.7
9.2
1.7
18.7
88.3
46.1
11.4
1.0
33.6
71.6
52.3
1.2
3.6
47.6
132.9
12.2
-6.5
-0.8
19.5
166.8
30.3
-18.1
2.9
45.5
176.7
40.3
3.4
4.0
32.9
180.7
28.1
-2.9
2.9
28.2
179.6
13.1
4.8
-1.8
10.1
47.1
17.3
-0.7
-4.0
22.0
197.1
-9.7
-27.0
-0.3
17.5
243.6
9
10
11
12
13
116.5
118.0
117.6
185.2
179.0
207.0
221.0
207.7
60.2
214.4
233.9
14
Exchange-traded funds
8
9
10
11
12
13
14
Flows
2009
36
2010
2011
2012
2013
2012
Flows
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
9.6
10.6
8.8
8.5
-128.1
8.3
8.5
-38.0
-262.8
-55.9
-155.9
0.9
3.5
3.3
3.3
3.5
3.3
3.4
3.4
3.4
3.5
3.6
-360.8
-313.9
-242.1
-205.1
86.4
-104.2
-149.0
116.2
-52.5
235.9
45.9
4
5
6
11.1
-42.8
7.5
-36.0
0.3
20.7
9.3
-12.7
-38.9
-20.1
-9.1
38.6
19.3
3.7
5.1
-67.1
-24.2
144.3
65.7
2.2
-96.5
46.1
-2.7
171.1
-49.5
4.8
-169.3
102.5
10.8
-71.4
-21.9
1.8
90.1
4
5
6
-337.8
-328.2
-199.7
-218.6
45.3
-171.9
-172.3
-159.6
162.4
197.5
-19.0
8
9
10
3.0
19.9
-27.4
0.2
45.9
-85.1
-3.4
17.6
-18.1
-3.1
-31.2
-48.3
2.2
-11.6
-17.3
-6.3
-18.7
-74.1
-3.0
-13.1
-53.0
3.1
22.3
-39.9
0.5
3.6
-32.5
3.0
28.5
8.6
2.1
-100.8
-5.3
8
9
10
11
12
Municipal securities
Corporate and foreign bonds
-2.2
-48.6
-4.2
-29.6
-3.9
-30.8
-4.1
-50.0
-3.7
-56.3
-5.3
-33.6
-4.4
-55.9
-2.6
-22.9
-5.9
-45.2
-4.1
-118.3
-2.3
-38.7
11
12
13
14
15
16
-284.8
0.0
-0.2
-284.6
-144.7
0.0
7.2
-151.9
-64.2
0.0
-3.5
-60.7
18.6
0.0
8.3
10.3
74.4
0.0
2.9
71.5
4.4
0.0
13.0
-8.5
17.9
0.0
4.6
13.3
28.9
0.0
-19.7
48.7
141.9
0.0
15.2
126.7
63.4
0.0
1.4
62.0
63.5
0.0
14.8
48.7
13
14
15
16
17
18
19
20
21
22
23
24
25
Mortgages
Home
Consolidated trusts (2)
Other
Multifamily residential
Consolidated trusts (2)
Other
Farm
Consumer credit (3)
2.4
-25.3
0.0
-25.3
14.2
0.0
14.2
13.5
0.0
-110.8
-117.7
-232.5
114.8
2.0
25.3
-23.3
4.9
0.0
-96.9
-103.2
-108.9
5.7
2.8
24.5
-21.7
3.5
0.0
-100.5
-111.6
-74.1
-37.6
6.2
27.5
-21.3
4.9
0.0
57.6
75.4
129.7
-54.4
-21.9
18.9
-40.8
4.2
0.0
-38.4
-59.6
-93.2
33.6
16.6
29.0
-12.5
4.7
0.0
-60.7
-69.5
-61.7
-7.9
3.6
35.2
-31.6
5.3
0.0
-148.5
-138.1
41.2
-179.3
-14.1
26.2
-40.3
3.7
0.0
100.0
110.7
142.0
-31.3
-15.4
21.2
-36.6
4.7
0.0
216.3
237.2
219.6
17.7
-25.1
10.6
-35.7
4.2
0.0
62.4
91.6
116.1
-24.5
-33.2
17.5
-50.7
4.0
0.0
17
18
19
20
21
22
23
24
25
1.2
29.3
-0.1
4.1
13.0
14.7
51.8
61.3
-0.8
-3.5
-5.0
26
-317.1
-237.8
-208.1
-146.6
98.9
-115.2
-63.6
35.1
132.9
34.5
193.3
27
26
27
Miscellaneous assets
Net increase in liabilities
28
-0.1
0.1
-0.9
-0.4
0.0
-0.6
0.0
0.9
-0.8
-0.1
0.0
28
29
-475.3
-233.8
-187.2
-154.6
106.5
-113.2
-75.4
43.1
136.7
40.2
206.1
29
30
31
32
33
-475.3
0.0
-475.3
0.0
-233.8
-207.2
-26.5
0.0
-187.2
-84.4
-102.8
0.0
-154.6
-46.5
-108.1
0.0
106.5
148.6
-42.0
0.0
-113.2
-64.2
-49.0
0.0
-75.4
-26.5
-48.9
0.0
43.1
67.3
-24.2
0.0
136.7
163.2
-26.5
0.0
40.2
230.2
-189.9
0.0
206.1
133.6
72.5
0.0
30
31
32
33
34
Corporate equities
96.0
38.1
29.2
14.5
1.1
13.9
14.7
7.8
-10.7
3.3
4.2
34
35
Miscellaneous liabilities
62.3
-42.2
-49.2
-6.1
-8.8
-15.3
-2.9
-16.7
7.7
-8.9
-17.1
35
52.3
83.2
39.6
63.7
-119.1
-6.1
90.5
-122.5
-80.8
-260.9
-12.2
36
36
Discrepancy
(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, 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. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table F.124) are consolidated on
Fannie Maes and Freddie Macs balance sheets.
(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.
(3) Sallie Mae student loans.
(4) Such issues are classified as agency- and GSE-backed securities.
415.3
186.9
165.3
132.2
132.4
105.6
142.4
138.8
88.9
158.3
143.7
2
3
4
5
Home mortgages
Multifamily residential mortgages
Commercial mortgages
Farm mortgages
402.5
13.0
0.0
-0.2
175.8
11.3
0.0
-0.2
148.0
19.4
0.0
-2.1
105.0
27.0
0.0
0.3
98.8
33.7
0.0
-0.1
84.8
21.0
0.0
-0.2
106.5
36.2
0.0
-0.3
110.0
29.1
0.0
-0.2
51.4
37.7
0.0
-0.1
123.5
34.8
0.0
-0.1
110.4
33.2
0.0
0.0
2
3
4
5
415.3
186.9
165.3
132.2
132.4
105.6
142.4
138.8
88.9
158.3
143.7
(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on
Fannie Maes and Freddie Macs balance sheets (table F.123). 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.
37
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
0.4
0.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-736.6
-497.4
-247.2
-214.6
-154.3
-249.9
-133.6
-205.6
-207.0
-136.1
-68.5
Treasury securities
Agency- and GSE-backed securities (1)
Other loans and advances
-18.3
-224.2
-51.1
-13.8
-96.0
-38.9
-10.9
-3.3
-5.4
-5.8
-0.0
-0.6
-3.8
-0.2
-10.0
-6.6
-1.9
-19.3
0.8
-5.5
18.5
-11.3
11.8
-43.6
2.6
-3.9
-12.8
6.8
-3.5
14.1
-13.4
-5.1
2.3
4
5
6
7
8
9
10
Mortgages (2)
Home
Multifamily residential
Commercial
-371.0
-323.5
-6.1
-41.4
-297.0
-243.6
-8.6
-44.9
-219.2
-193.2
-7.7
-18.3
-205.4
-181.4
-9.6
-14.4
-133.5
-134.1
-5.6
6.2
-215.7
-183.4
-10.1
-22.3
-152.7
-168.0
-7.2
22.6
-166.4
-134.3
-13.8
-18.3
-171.5
-155.9
-11.2
-4.4
-142.1
-140.9
-2.1
1.0
-53.9
-105.2
4.7
46.5
7
8
9
10
11
12
Consumer credit
Trade credit
-37.8
-34.3
-42.3
-9.5
-4.2
-4.2
3.7
-6.4
-1.3
-5.5
-2.4
-3.9
6.4
-1.0
8.1
-4.2
-5.8
-15.6
-5.0
-6.4
-2.6
4.2
11
12
4
5
6
13
-737.0
-497.6
-247.2
-214.6
-154.3
-249.9
-133.6
-205.6
-207.0
-136.1
-68.5
13
14
15
Commercial paper
Corporate bonds (net) (3)
-266.2
-470.8
-40.3
-457.3
-24.1
-223.0
-9.0
-205.5
-7.5
-146.8
14.5
-264.3
-32.9
-100.8
11.1
-216.7
-13.4
-193.6
-13.3
-122.7
-14.5
-54.0
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
-0.4
-25.3
-0.2
0.4
0.0
-3.1
0.0
-4.6
0.0
3.2
0.0
8.7
0.0
-7.9
0.0
3.0
0.0
8.2
0.0
1.7
0.0
-0.0
17
18
16
Discrepancy
Memo:
Securitized assets not included above
17
Consumer leases (4)
18
REIT assets (5)
(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.
(2) Mortgages backing privately issued pool securities and privately issued CMOs.
(3) Net issuance less net acquisition of corporate bonds held as assets.
(4) 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 nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
(5) Included in table F.127.
Gross saving
93.5
65.9
93.1
127.0
73.6
140.2
128.5
84.9
70.3
74.3
65.0
15.5
32.8
44.3
54.0
55.9
53.6
55.0
55.2
55.6
55.7
57.1
-189.2
-216.6
-19.2
-70.6
-19.4
-88.9
-16.5
-46.0
6.1
-43.4
5.7
4
5
0.5
1.6
-1.7
-5.2
5.1
15.4
-3.8
-11.5
3.8
11.4
8.8
26.5
-11.8
-35.4
5.5
16.4
-1.3
-3.9
17.7
53.1
-6.6
-19.8
4
5
-219.7
6.3
-91.0
-52.6
-82.4
-105.9
-19.8
-15.2
-57.6
-13.4
-45.8
0.9
3.0
-32.3
-17.4
-29.6
-6.3
11.2
-26.7
-7.8
-15.9
-8.6
16.0
-22.5
-0.8
-34.7
-6.3
3.3
-20.7
-11.0
-26.4
-26.5
21.2
-26.1
5.1
-22.6
-2.2
20.9
-29.3
-12.1
26.1
-17.6
39.4
-10.6
14.9
-14.8
-3.8
7.0
-22.0
4.0
-52.3
-10.7
-3.4
-28.1
-10.1
6
7
8
9
10
6
7
8
9
10
11
12
28.4
-103.7
6.1
-25.7
-18.8
-89.6
57.1
-45.2
-14.7
-99.5
84.3
11
-250.2
-233.5
-26.0
-82.1
-21.2
-91.4
-47.7
-59.5
-1.8
-52.5
28.9
12
13
14
15
16
17
-156.2
-38.8
-87.0
-30.4
0.0
-174.9
1.7
-111.7
-64.9
0.0
-13.5
10.0
-39.4
15.9
0.0
-56.7
8.2
-81.4
16.4
0.0
4.6
-10.3
4.9
10.1
0.0
60.1
12.1
-10.0
58.0
0.0
-161.6
1.5
-190.7
27.7
0.0
-49.5
-32.6
-19.9
3.0
0.0
0.1
5.8
-14.0
8.2
0.0
59.3
31.6
24.4
3.4
0.0
8.7
-46.1
29.1
25.6
0.0
13
14
15
16
17
18
19
20
21
22
Taxes payable
Miscellaneous liabilities
Foreign direct investment in U.S.
Investment by parent
Other
-2.8
-91.2
12.8
-32.6
-71.5
0.3
-58.9
13.2
-12.8
-59.3
0.5
-13.0
7.5
-12.0
-8.5
0.2
-25.5
-2.2
-0.9
-22.5
0.0
-25.9
1.1
-1.0
-25.9
-0.6
-150.9
1.8
-2.3
-150.5
0.9
112.9
-3.7
49.5
67.1
0.8
-10.9
-3.8
-9.5
2.4
-0.6
-1.2
2.5
8.8
-12.5
0.9
-112.7
0.4
1.5
-114.6
-1.0
21.3
5.3
-5.0
20.9
18
19
20
21
22
17.1
16.2
42.0
61.6
15.9
84.2
42.3
16.1
6.9
9.6
31.2
23
-25.7
-16.5
7.9
24.3
22.7
29.1
27.5
22.7
28.9
26.4
12.9
24
23
Discrepancy
Memo:
24 Consumer leases not included above (2)
(1) Includes retail captive finance companies and mortgage companies.
(2) See footnote (4), table F.125.
Flows
2009
38
2010
2011
2012
2013
2012
Flows
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
5.5
-5.9
-5.9
3.0
4.5
5.2
2.0
3.6
2.5
5.5
6.4
2
3
3.6
-0.1
2.8
4.7
2.7
6.3
3.0
5.3
3.2
2.1
3.0
5.1
3.2
4.9
3.0
4.9
3.1
-10.4
3.3
5.9
3.3
7.9
2
3
-9.3
41.8
118.3
157.7
-47.3
300.6
-30.2
27.4
-26.6
-139.8
-50.1
7
8
9
10
11
12
13
14
15
16
7.9
-2.8
2.1
7.5
7.9
15.0
1.5
23.4
-11.6
13.5
6.4
-8.7
37.1
102.9
127.7
-60.0
251.6
-59.3
-28.8
-61.4
-74.0
-75.9
15.5
3.8
38.2
5.3
101.4
1.3
111.5
10.1
-76.2
4.2
232.5
12.2
-77.1
6.2
-50.9
19.7
-71.9
-2.0
-93.2
-0.8
-88.6
-0.2
7
8
-28.0
-21.7
-2.0
-4.3
-6.3
-3.7
-0.4
-2.3
0.2
-0.7
-0.2
1.1
6.1
5.5
0.1
0.5
12.0
8.0
0.8
3.2
7.0
2.4
0.0
4.6
11.6
5.4
0.4
5.8
2.4
7.2
1.3
-6.0
12.5
4.3
2.5
5.7
20.0
11.1
-0.5
9.5
12.9
9.4
-0.3
3.8
9
10
11
12
-8.5
7.4
13.3
22.5
4.8
34.0
27.5
32.8
46.4
-79.2
19.4
13
-28.5
71.0
169.0
210.8
8.6
343.8
47.7
72.1
29.2
-67.3
0.4
14
11.1
30.0
94.9
103.4
-37.7
163.2
-4.8
7.5
-49.1
-96.4
-12.9
15
-50.0
-2.1
28.2
42.9
21.7
27.4
60.4
16.9
13.1
62.6
-5.9
16
17
18
0.0
-41.3
0.0
-0.1
0.0
15.5
0.0
26.1
0.0
18.8
0.0
18.7
0.0
30.6
0.0
7.7
0.0
25.6
0.0
36.8
0.0
5.0
17
18
19
20
-12.1
3.4
-2.2
0.2
3.6
9.1
1.2
15.6
5.1
-2.3
-3.5
12.2
14.8
14.9
-12.9
22.1
3.9
-16.4
25.1
0.6
4.5
-15.4
19
20
24.2
-13.8
28.2
14.9
37.5
8.5
47.6
17.0
45.1
-20.4
62.7
90.5
37.1
-44.9
64.2
-16.5
63.1
2.1
24.9
-58.5
28.0
-8.8
21
22
-17.1
16.1
36.1
47.9
55.3
40.3
72.0
40.6
65.7
69.0
45.9
23
-25.3
0.0
-25.7
-0.0
0.4
0.4
0.0
1.1
-0.0
-0.7
-3.1
0.0
-0.7
-0.0
-2.3
-4.6
0.0
3.6
-0.0
-8.1
3.2
0.0
2.5
0.0
0.8
8.7
0.0
8.8
0.0
-0.1
-7.9
0.0
2.6
-0.0
-10.5
3.0
0.0
1.7
0.1
1.2
8.2
0.0
8.2
-0.0
0.0
1.7
0.0
-0.0
-0.0
1.7
-0.0
0.0
-0.0
-0.1
0.1
24
25
26
27
28
21
22
23
24
25
26
27
28
(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on F.127.e and F.127.m.
39
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
Gross saving
38.0
26.8
10.0
7.8
16.5
12.4
-13.0
21.8
6.0
20.0
18.3
25.6
19.4
17.2
18.4
19.3
18.4
18.8
18.9
19.0
19.3
19.8
-133.0
-9.1
-125.4
118.6
19.1
-5.5
-131.9
262.0
-10.0
-90.2
-85.3
6
7
8
9
10
11
-29.4
6.2
14.9
16.3
-16.5
33.2
58.8
-66.2
40.5
-19.8
-20.3
-192.1
32.2
5.7
89.1
-175.4
16.8
132.8
-167.4
-330.1
-5.4
-198.8
-24.2
-67.6
-131.8
-3.3
47.5
-12.7
-5.3
-28.5
38.9
4.6
35.2
-12.7
5.9
89.1
-2.1
-9.1
-85.0
6.9
-12.2
63.0
21.9
-4.3
35.5
-14.8
-1.3
-110.5
-55.4
-8.0
-6.9
6.7
-5.9
18.3
-17.2
-8.6
33.9
-3.8
-13.1
105.4
16.4
-9.6
3.1
30.6
0.1
-144.7
-62.8
17.7
31.9
-9.5
-2.2
-134.9
-112.3
-48.1
-52.8
20.2
6.2
68.6
-80.7
-3.0
-2.8
6.3
-9.2
-231.0
34.0
1.5
-4.1
10.0
6
7
8
9
10
11
12
13
Corporate equities
Security credit
-4.6
38.1
-18.5
75.2
-5.0
-39.3
9.7
64.9
18.6
35.4
31.6
98.7
-16.8
138.4
-78.0
16.4
16.5
-21.2
-5.5
44.6
141.5
101.9
12
13
14
Miscellaneous assets
54.9
-104.2
-101.7
-61.4
156.9
-186.0
-445.1
557.2
284.2
-104.1
-109.6
14
15
-202.5
-23.0
-91.3
63.7
-17.2
-60.8
-148.2
193.2
-47.5
-96.3
-118.2
15
16
-57.5
-66.2
-189.4
-15.1
-53.8
-180.5
27.9
81.6
-75.6
-134.6
-86.7
16
17
-49.7
36.9
-37.9
-1.7
22.2
-65.2
17.3
-4.2
55.8
-27.8
65.1
17
-4.2
-45.5
36.9
0.0
-37.9
0.0
-1.7
0.0
22.2
0.0
-65.2
0.0
17.3
0.0
-4.2
0.0
55.8
0.0
-27.8
0.0
65.1
0.0
18
19
-32.4
48.9
-11.1
-52.0
14.1
-3.8
-50.7
-0.0
-31.0
0.3
-26.8
-2.0
-19.9
5.0
-45.4
4.6
-41.6
1.0
0.3
-9.3
-37.1
4.9
20
21
-134.0
-74.1
-59.2
-0.8
48.4
25.7
-5.8
28.5
137.1
58.1
37.3
41.6
124.0
23.6
42.3
58.0
0.6
57.8
-55.9
-1.3
167.6
10.1
128.1
29.3
34.1
-16.6
4.7
46.0
-122.1
26.1
-135.7
-12.5
92.9
150.9
-41.6
-16.4
30.4
24.9
-42.5
48.0
1.2
29.2
-3.7
-24.2
22
23
24
25
3.2
-2.1
-1.1
0.5
0.6
3.3
-2.4
5.4
0.1
0.6
-3.5
26
18.4
2.1
-166.8
183.1
22.2
13.2
-51.2
60.2
-8.6
10.8
40.4
-59.8
0.3
8.0
68.3
-76.0
46.1
4.8
62.8
-21.5
46.3
5.6
65.6
-24.9
-204.8
15.2
59.6
-279.7
278.7
6.5
-24.1
296.3
-81.5
4.1
49.5
-135.1
60.1
4.3
-119.7
175.4
-72.9
4.2
345.6
-422.8
27
28
29
30
18
19
Corporate bonds
Depository institution loans n.e.c. (1)
20
21
22
23
24
25
Security credit
Customer credit balances (HH)
From U.S.-chartered depository institutions
From foreign banking offices in U.S.
26
Taxes payable
27
28
29
30
Miscellaneous liabilities
Foreign direct investment in U.S.
Investment by parent companies
Other
31
32
0.6
0.9
-1.7
6.5
-2.3
-3.6
-5.3
-5.3
1.3
-16.1
10.9
31
-57.2
-6.6
26.9
-65.5
-39.0
-61.3
-48.2
-65.8
-50.5
-5.4
-34.4
32
(1) Loans extended through the Federal Reserves Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
Flows
2009
40
Flows
2009
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
Gross saving
97.8
108.1
144.6
176.9
160.8
146.9
235.5
131.6
186.8
169.6
155.1
54.4
48.3
51.4
54.5
57.2
54.4
55.6
56.4
56.2
57.1
59.0
87.3
-4.6
44.6
-40.2
309.4
-88.6
113.8
381.9
-127.0
656.9
325.8
4
5
-3.9
19.8
-1.3
2.1
2.4
0.2
3.1
-48.3
2.8
-2.8
0.5
0.6
-18.2
7.4
-13.6
-0.9
7.9
-14.1
-2.5
11.6
19.5
-8.0
4
5
-16.0
22.1
3.1
-39.8
55.9
-28.1
-36.9
26.0
53.0
177.6
-32.9
2.7
-7.0
-8.4
-3.2
13.8
-3.2
7.3
4.3
7.1
12.0
-20.1
4.0
-29.8
-22.1
-4.7
16.7
9.8
14.9
34.0
-2.8
4.5
-1.9
-32.2
1.5
-13.2
5.6
-15.7
-13.6
6.4
15.5
1.6
2.6
41.1
-5.1
-2.0
19.0
-8.4
32.3
148.9
4.7
0.3
16.9
-12.6
-37.5
7
8
9
10
2.1
3.8
2.4
7.3
5.1
5.8
-5.3
5.0
1.1
4.5
9.6
11
85.4
166.8
0.0
9.3
-23.3
-173.1
23.5
82.3
-31.2
33.4
0.0
22.2
-39.5
-24.3
10.6
-33.6
36.5
76.1
0.0
9.3
-20.3
-13.0
30.6
-46.2
37.4
101.2
4.3
10.3
-0.5
49.3
-51.5
-75.6
248.4
66.3
-7.7
3.4
-0.6
47.2
-29.0
168.8
-67.4
136.6
5.3
13.0
-1.3
5.5
-48.7
-177.6
166.8
71.8
1.8
1.7
28.6
51.3
-156.9
168.6
365.3
110.7
-22.9
0.9
-5.5
-84.7
89.8
277.1
-175.0
-100.8
-0.0
-0.6
5.1
71.3
-146.0
-4.0
465.7
70.4
-7.1
21.2
0.9
-157.2
106.5
431.0
337.5
185.1
-0.7
-8.1
-2.9
359.5
-166.4
-29.0
12
13
14
15
16
17
18
19
34.8
-64.6
-50.0
-164.3
203.6
-182.4
-68.2
304.4
-259.1
542.5
226.4
20
-0.2
0.2
0.4
-1.2
-0.0
0.5
-4.5
-0.1
-0.0
0.0
0.0
21
-8.0
-16.5
-16.5
-97.7
-1.6
26.2
-69.3
-24.5
-149.7
-36.1
203.7
22
-18.1
7.8
2.3
3.9
-46.5
26.1
11.1
-91.6
64.0
6.2
16.3
-120.2
-19.9
4.5
13.8
31.9
16.7
-22.4
9.5
62.7
-141.4
5.2
-46.0
16.3
-28.7
-138.5
17.5
-4.8
58.5
-89.9
-51.3
143.8
111.1
23
24
25
7
8
9
10
Treasury securities
Agency- and GSE-backed securities
Corporate and foreign bonds
Other loans and advances
11
12
13
14
15
16
17
18
19
Miscellaneous assets
Net trans. with depository institution subs.
Net trans. with property-casualty ins. co. subs.
Net trans. with life insurance company subs.
Net trans. with finance company subs.
Net trans. with broker and dealer subs.
Net trans. with foreign subs.
Other
20
21
22
23
24
25
Commercial paper
Corporate bonds
Depository institution loans n.e.c.
26
68.6
19.8
2.9
0.6
-17.0
36.5
-31.8
-7.0
-21.4
-27.5
-12.0
26
27
28
29
Miscellaneous liabilities
Equity, etc.
Other
-25.6
35.6
-61.2
-68.2
-22.4
-45.8
-36.8
6.9
-43.8
-66.0
-13.9
-52.1
222.2
-3.3
225.5
-245.6
-16.6
-229.0
37.4
-149.9
187.2
336.0
67.8
268.2
-88.0
-119.8
31.8
606.2
-6.8
613.0
34.7
45.7
-11.0
27
28
29
-9.1
-0.3
-1.5
-1.7
-2.2
-1.4
-2.2
-2.3
-1.4
-1.9
-3.2
30
30
Discrepancy
(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
41
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
-446.6
-115.4
-73.1
52.4
48.6
24.5
427.2
173.6
-10.0
31.6
-0.6
2
3
-153.7
0.1
-148.0
0.0
-89.2
0.0
-13.2
0.0
-1.2
-0.1
29.9
0.0
235.5
0.0
-139.9
-0.5
72.2
0.0
112.2
0.0
-49.3
0.0
2
3
-250.9
89.7
22.7
58.4
37.4
-23.2
151.1
185.7
-57.1
-21.9
42.9
-284.7
43.6
-9.8
39.3
51.9
-1.5
-7.8
32.6
-2.0
-14.6
79.6
-6.5
-7.0
48.1
-3.8
-10.3
-10.8
-2.1
70.4
76.6
4.1
112.1
73.4
0.1
-123.8
71.1
-4.4
-17.1
1.0
-5.8
1.0
46.9
-5.0
5
6
7
25.1
1.3
-26.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-67.2
-73.5
6.3
-58.4
-31.5
-26.9
19.6
-33.7
53.4
7.2
-11.8
19.0
12.5
-3.1
15.6
17.8
-42.3
60.1
40.7
32.3
8.4
128.3
67.7
60.6
-25.2
-3.4
-21.8
-58.7
-96.3
37.6
5.8
19.6
-13.9
9
10
11
-446.6
-115.4
-73.1
52.4
48.6
24.5
427.2
173.6
-10.0
31.6
-0.6
12
-434.8
-65.3
-52.4
-23.9
27.5
9.1
-47.4
91.9
39.1
-57.0
36.2
13
-125.1
37.9
-349.6
2.0
-47.4
-3.2
-21.9
7.2
-72.7
71.6
-51.9
0.7
-30.9
35.3
-21.5
-6.8
16.8
11.4
0.0
-0.7
-78.5
98.9
0.0
-11.3
-51.3
16.3
0.0
-12.5
56.1
37.9
0.0
-2.2
61.7
-22.2
0.0
-0.4
-118.5
61.5
0.0
0.0
67.7
-31.4
0.0
0.0
14
15
16
17
30.5
3.5
-18.4
-8.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
18
-42.3
0.6
-30.2
2.4
-15.1
-53.6
0.6
-123.5
7.9
61.4
-2.4
0.6
-74.6
1.4
70.2
84.9
0.6
-79.2
0.1
163.5
21.1
0.6
94.0
0.0
-73.5
15.4
0.6
-198.4
0.0
213.2
474.6
0.6
-309.3
0.0
783.3
81.7
0.6
236.2
0.0
-155.0
-49.2
0.6
298.3
0.0
-348.0
88.6
0.6
-43.6
0.0
131.7
-36.8
0.6
-114.8
0.0
77.4
19
20
21
22
23
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Miscellaneous liabilities
Foreign direct investment in U.S.
Securities loaned (net)
Equity interest under PPIP
Other (net)
(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,
and funds associated with the Public-Private Investment Program (PPIP).
(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.
(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 and to funds associated with PPIP.
(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sectors preferred interest in
AIA Aurora LLC and ALICO Holdings LLC.
Flows
2009
42
2010
2011
2012
2013
2012
Q3
Flows
Q1
Q2
Q3
Q4
99.9
1.8
15.9
4.5
-1.4
3.3
-3.6
3.5
-0.8
-4.0
-4.1
47.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
3
4
5
6
52.3
48.2
3.4
0.7
1.8
0.0
1.3
0.5
15.9
-1.8
18.1
-0.5
4.5
0.0
4.0
0.4
-1.4
0.0
-1.7
0.3
3.3
0.0
3.0
0.3
-3.6
0.0
-3.9
0.3
3.5
0.0
3.0
0.5
-0.8
0.0
-1.1
0.4
-4.0
0.0
-4.3
0.3
-4.1
0.0
-4.4
0.3
3
4
5
6
99.9
1.8
15.9
4.5
-1.4
3.3
-3.6
3.5
-0.8
-4.0
-4.1
2013
Q4
8
9
10
11
12
Federal government
Monetary gold (2)
SDR holdings
Reserve position in IMF (net)
Foreign currency holdings
51.9
0.0
48.2
3.4
0.3
1.6
0.0
0.0
1.3
0.3
16.2
0.0
-1.8
18.2
-0.2
4.3
0.0
0.0
4.0
0.2
-1.5
0.0
0.0
-1.7
0.2
3.1
0.0
0.0
2.9
0.2
-3.7
0.0
0.0
-3.9
0.1
3.3
0.0
0.0
3.1
0.2
-1.0
0.0
0.0
-1.2
0.2
-4.2
0.0
0.0
-4.3
0.1
-4.3
0.0
0.0
-4.4
0.1
8
9
10
11
12
13
14
15
47.6
0.0
47.6
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
13
14
15
16
17
18
19
Monetary authority
Monetary gold (2)
Reserve position in IMF (net)
Foreign currency holdings
0.3
0.0
0.0
0.3
0.3
0.0
0.0
0.3
-0.3
0.0
-0.1
-0.2
0.2
0.0
0.0
0.2
0.2
0.0
0.0
0.2
0.2
0.0
0.1
0.2
0.1
0.0
-0.0
0.1
0.2
0.0
-0.1
0.2
0.2
0.0
0.0
0.2
0.2
0.0
0.0
0.1
0.1
0.0
-0.0
0.1
16
17
18
19
(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.
(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,
and the counterparts are recorded as decreases (increases) in assets of the rest of the world.
3.0
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
1
2
Treasury currency:
3
4
-0.4
4.0
-0.3
0.9
0.0
0.7
0.0
0.6
-0.4
0.8
0.0
0.5
0.0
0.5
0.0
0.9
0.0
0.7
-1.4
0.7
0.0
0.8
3
4
Discrepancy (seigniorage)
-4.4
-1.1
-0.7
-0.6
-1.1
-0.5
-0.5
-0.9
-0.7
-2.1
-0.8
2
3
4
5
-110.7
-9.3
-46.3
-30.2
86.9
141.0
-89.1
96.8
315.3
-73.3
8.8
-6.6
6.8
11.6
-0.6
9.1
8.7
-2.8
-5.8
-62.9
-1.8
-21.5
0.4
5.7
43.1
-9.6
8.5
-4.3
28.7
-5.3
15.7
12.5
5.8
62.3
21.8
18.9
124.8
-46.7
-4.4
13.0
-3.2
2.5
-27.8
-10.2
2
3
4
-122.5
-26.6
25.2
-7.3
47.7
108.0
-111.9
6.9
218.3
-78.7
44.3
43
1
2
3
4
5
6
7
8
9
10
11
12
13
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
-541.1
-145.2
818.5
-188.2
1065.0
-487.5
-343.7
1850.0
2000.7
527.7
-118.5
114.2
-496.4
-156.3
-1.0
-1.6
-11.1
-206.7
33.7
0.9
38.1
602.3
-267.9
507.2
-1.2
-21.9
-64.1
-102.8
-7.1
-0.4
-13.8
760.6
154.1
148.4
0.2
1.6
-255.5
-169.1
-18.5
-2.9
-41.5
234.1
-350.4
-223.7
1.5
-5.1
1171.4
418.8
215.6
1.3
42.9
887.0
230.9
883.4
-2.7
2.0
898.6
20.1
-362.8
1.1
-29.3
85.4
-53.3
-142.6
1.2
-9.1
2
3
4
5
6
-551.4
-168.7
817.0
-200.1
1020.5
-506.6
-282.1
1552.7
2020.6
738.9
-230.1
-201.9
-463.7
41.6
45.1
27.5
-61.8
-95.7
-87.8
66.7
10.0
213.9
0.8
231.0
360.2
11.1
-136.0
0.0
6.9
-72.2
1.2
260.4
-0.5
456.9
309.3
-5.7
-251.7
0.6
-154.8
-68.9
-31.8
-516.4
0.3
336.9
-127.2
24.4
382.0
-0.7
704.5
410.1
56.8
1133.6
-0.0
75.7
873.3
-62.0
-160.5
0.8
907.9
14.9
-24.2
-313.5
-2.0
139.7
-61.1
6.8
8
9
10
11
12
10.3
23.5
1.5
11.9
44.4
19.1
-61.6
297.3
-20.0
-211.3
111.7
13
Memo:
14
15
16
Vault cash:
Liab.: Monetary authority
Asset: U.S.-chartered depository institutions
Foreign banking offices in U.S.
-2.8
-2.8
0.0
-2.2
-2.2
0.0
8.1
8.1
0.0
7.1
7.1
0.0
2.6
2.5
0.0
11.0
11.0
0.0
31.3
31.3
0.0
-25.8
-25.8
0.0
-4.6
-4.7
0.1
22.0
22.0
0.0
18.7
18.7
0.0
14
15
16
17
18
19
20
117.0
44.4
45.1
27.5
-8.9
-85.6
66.7
10.0
594.2
222.9
360.2
11.1
-71.2
-0.2
-72.2
1.2
758.0
454.4
309.3
-5.7
-266.5
-165.7
-68.9
-31.8
202.7
305.6
-127.2
24.4
1197.2
730.3
410.1
56.8
891.6
80.4
873.2
-62.0
876.6
885.9
14.9
-24.2
66.7
120.9
-61.1
6.8
17
18
19
20
21
22
23
24
-463.7
-463.7
-0.6
-463.1
-95.7
-95.7
0.7
-96.4
0.8
0.8
0.8
-0.0
0.0
0.0
0.1
-0.1
-0.5
-0.5
-0.5
0.0
0.6
0.6
0.4
0.2
0.3
0.3
0.5
-0.2
-0.7
-0.7
-0.4
-0.2
-0.0
-0.0
-0.5
0.4
0.8
0.8
0.6
0.2
-2.0
-2.0
-1.6
-0.4
21
22
23
24
25
26
27
-53.5
-50.2
3.4
-78.4
21.5
99.9
-309.3
-222.2
87.1
-87.8
-199.0
-111.1
123.3
37.2
-86.1
-38.2
-105.5
-67.4
-301.5
-340.2
-38.8
220.5
48.1
-172.3
201.0
22.1
-178.9
134.4
47.6
-86.8
-62.6
31.1
93.7
25
26
27
28
29
30
-149.6
-25.6
124.0
37.0
53.8
16.8
512.1
296.7
-215.4
-51.6
-90.0
-38.3
136.3
120.6
-15.7
-222.0
-49.3
172.7
-200.0
-170.4
29.6
157.0
52.3
-104.8
937.8
788.2
-149.5
-317.6
-417.7
-100.1
-232.0
59.6
291.6
28
29
30
31
32
33
-9.6
-15.3
5.7
13.6
6.9
6.6
-12.4
-4.0
-8.4
-2.6
-3.3
0.7
-0.3
0.4
-0.8
-8.9
-7.8
-1.1
7.3
4.2
3.1
-1.8
1.8
-3.6
1.3
2.6
-1.3
-8.8
-3.3
-5.5
8.0
0.8
7.3
31
32
33
34
35
36
-8.4
-2.0
-6.4
-6.8
-3.4
-3.4
-1.3
0.4
-1.7
0.8
-0.2
1.1
0.5
-0.1
0.5
-0.5
2.3
-2.8
-7.7
-5.4
-2.3
2.7
1.0
1.7
-3.9
2.5
-6.4
13.9
1.0
12.9
-10.9
-4.7
-6.2
34
35
36
-201.9
-61.8
213.9
-136.0
260.4
-251.7
-516.4
382.0
1133.6
-160.5
-313.5
37
7.5
-8.8
-21.6
1.0
1.6
-22.2
-16.8
-1.3
-0.9
-38.1
36.2
22.6
-2.0
1.2
21.9
-18.1
31.7
5.6
0.4
13.8
31.8
37.9
-4.7
-0.2
-1.6
-141.7
76.4
12.9
2.9
41.5
-39.6
-60.3
-2.3
-1.5
5.1
199.8
207.5
-45.6
-1.3
-42.9
30.1
-10.6
8.7
2.7
-2.0
-119.5
-93.4
89.6
-1.1
29.3
16.8
48.2
-71.4
-1.2
9.1
38
39
40
41
42
-16.2
5.4
-13.7
49.8
6.1
218.1
-20.7
7.7
-40.7
26.1
31.4
43
10.3
23.5
1.5
11.9
44.4
19.1
-61.6
297.3
-20.0
-211.3
111.7
44
37
38
39
40
41
42
43
44
Flows
2009
44
2010
2011
2012
2013
2012
Q3
Flows
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Credit unions
2013
Q4
Q1
Q2
Q3
Q4
-7.9
266.3
234.5
268.5
332.0
223.1
623.6
299.1
70.2
161.7
796.9
-117.6
-173.8
14.0
1.0
41.2
185.0
149.0
-21.6
0.9
56.7
-122.1
-255.0
51.1
-3.2
85.0
62.1
7.0
-37.4
6.3
86.2
139.6
69.8
-1.3
1.5
69.5
47.8
-24.1
-29.2
16.2
84.9
131.6
24.5
18.3
3.2
85.7
-16.8
-52.3
-28.1
11.0
52.6
313.7
226.5
-2.7
3.3
86.6
-109.1
-185.9
18.3
-4.3
62.9
370.3
290.8
7.3
-3.9
76.1
2
3
4
5
6
94.0
0.3
-28.7
122.4
69.6
-0.1
-3.8
73.5
319.4
-2.7
25.6
296.5
176.9
0.3
-4.1
180.7
148.8
0.3
-2.6
151.2
163.9
-0.2
4.9
159.2
448.7
0.7
-3.2
451.2
264.9
-0.7
-22.7
288.3
-287.8
0.3
-23.0
-265.1
241.3
0.5
36.7
204.2
376.7
0.9
-1.6
377.3
7
8
9
10
2.6
5.8
-3.2
5.7
4.1
1.7
23.7
4.4
19.3
16.2
8.9
7.3
30.8
12.3
18.5
19.9
7.4
12.5
31.7
21.2
10.5
7.5
2.5
5.0
39.0
14.9
24.1
33.2
6.5
26.7
43.5
25.4
18.1
11
12
13
1.4
0.5
2.8
2.5
6.2
-5.5
3.9
0.8
16.8
5.7
1.4
14
11.6
5.5
10.7
10.7
6.7
-3.1
7.8
42.6
-11.5
-9.4
5.1
15
-7.9
266.3
234.5
268.5
332.0
223.1
623.6
299.1
70.2
161.7
796.9
16
105.7
35.9
328.8
82.8
81.8
24.9
294.0
154.5
-115.6
18.7
269.7
17
85.6
70.7
14.9
76.8
79.7
-2.8
27.3
29.7
-2.3
107.4
92.7
14.8
118.4
107.1
11.3
141.7
128.6
13.1
77.5
54.4
23.2
160.4
158.9
1.5
-51.8
-64.9
13.1
143.7
129.0
14.6
221.3
205.4
15.9
18
19
20
19.2
-174.2
5.6
148.9
16.6
-257.6
-8.9
6.7
7.4
69.6
-7.6
-28.1
-12.9
79.4
13.8
-8.6
-10.4
130.6
28.8
-189.0
-2.7
345.4
21
22
16
17
Household sector
18
19
20
Nonfinancial business
Corporate
Noncorporate
21
22
23
24
25
-9.2
-21.8
12.6
29.5
1.2
28.3
81.8
26.8
55.0
68.3
11.1
57.1
48.9
11.2
37.7
93.1
28.4
64.6
84.4
21.2
63.2
10.7
-9.2
19.8
33.2
-4.8
37.9
89.5
38.9
50.7
62.3
19.9
42.5
23
24
25
26
Financial sectors
-34.7
-29.3
36.8
10.9
6.6
-4.7
152.2
18.3
-14.3
64.6
-42.1
26
-0.3
-32.1
5.0
1.0
-8.5
2.0
12.3
2.7
-5.6
1.5
14.6
-10.2
13.9
11.4
-18.8
5.1
-4.6
-38.2
-0.1
36.8
0.9
2.4
27
28
27
28
29
30
-2.9
0.0
2.1
0.6
5.7
0.4
-0.3
-0.2
-0.5
-0.1
-0.5
-0.1
1.3
-0.1
-0.1
-0.1
1.8
-1.1
-1.4
0.1
-2.4
0.6
29
30
31
32
10.5
11.1
-3.7
-36.0
5.8
9.3
-3.6
-20.1
-3.2
19.3
1.5
-67.1
11.4
65.7
23.4
46.1
49.6
-49.5
-84.6
102.5
-1.2
-21.9
31
32
33
34
35
Finance companies
REITs
Brokers and dealers
0.5
7.9
-29.4
-1.7
-2.8
6.2
5.1
2.1
14.9
-3.8
7.5
16.3
3.8
7.9
-16.5
8.8
15.0
33.2
-11.8
1.5
58.8
5.5
23.4
-66.2
-1.3
-11.6
40.5
17.7
13.5
-19.8
-6.6
6.4
-20.3
33
34
35
-0.3
-1.1
0.8
1.3
-0.7
3.8
-51.0
-49.8
98.6
5.5
-57.0
36
36
Mail float
45
2011
2012
2013
2012
Q3
1
2
3
4
5
6
7
8
9
10
11
2013
Q4
Q1
Q2
Q3
Q4
343.7
115.6
404.1
520.4
414.2
435.8
862.7
124.3
417.8
831.4
283.3
517.2
298.3
577.4
539.7
311.9
529.6
736.4
130.8
371.4
604.1
141.3
472.3
4.4
-2.9
43.4
271.7
5.8
-5.2
26.1
537.1
13.2
-0.4
27.4
491.6
13.8
-0.1
34.4
255.2
27.7
2.4
26.5
498.6
1.2
-4.1
34.0
705.2
1.2
1.2
28.9
107.7
20.7
1.2
1.3
308.8
10.8
5.9
45.9
521.5
61.4
4.2
16.9
83.0
17.8
-1.5
42.0
3
4
5
6
-173.6
-182.7
-173.3
-19.2
102.3
-93.8
126.3
-6.4
46.4
227.4
142.1
-335.7
148.0
-2.9
17.0
-133.8
-46.5
-5.2
2.8
-13.2
-163.1
-0.4
3.4
-9.1
-16.2
-0.1
6.2
23.9
71.1
2.4
5.0
-87.9
-8.1
-4.1
6.4
-29.2
145.5
1.2
8.8
-78.4
64.1
1.2
6.7
34.0
6.5
5.9
0.0
-10.6
225.5
4.2
8.2
150.4
-11.8
-1.5
4.9
8
9
10
11
12
343.7
115.6
404.1
520.4
414.2
435.8
862.7
124.3
417.8
831.4
283.3
12
13
Household sector
106.0
159.0
371.8
420.8
185.2
138.0
657.8
110.6
187.4
283.9
158.9
13
14
15
16
Nonfinancial business
Corporate
Noncorporate
172.1
176.9
-4.8
62.8
59.9
2.9
17.1
13.2
3.9
29.9
24.7
5.2
85.2
74.9
10.3
39.8
35.8
4.0
49.7
38.7
11.0
36.5
33.3
3.2
73.0
61.5
11.5
156.7
144.0
12.7
74.5
60.9
13.6
14
15
16
17
18
19
9.3
0.3
-73.2
-6.9
0.1
9.0
14.4
-0.3
47.2
20.3
0.2
37.1
21.0
-0.5
47.4
37.4
-0.4
67.5
4.5
-0.4
88.7
13.2
-1.3
-2.1
53.6
0.5
23.9
13.7
0.3
82.0
3.4
-1.4
85.7
17
18
19
20
Financial sectors
129.2
-108.4
-46.2
12.2
76.0
153.5
62.4
-32.6
79.4
294.8
-37.7
20
21
22
23
2.8
1.6
169.9
-0.9
6.4
-107.7
1.4
3.6
-56.3
-1.8
-1.3
32.8
-0.5
-0.9
59.4
-1.0
-0.9
152.6
-1.8
-0.8
116.4
-0.0
-0.5
-32.2
-1.6
-9.2
81.4
-0.9
1.1
233.2
0.3
5.2
-44.8
21
22
23
24
25
26
Government-sponsored enterprises
Finance companies
Holding companies
-42.8
1.6
-3.9
0.3
-5.2
-1.3
-12.7
15.4
2.4
-9.1
-11.5
3.1
3.7
11.4
2.8
-24.2
26.5
0.5
2.2
-35.4
-18.2
-2.7
16.4
-13.6
4.8
-3.9
7.9
10.8
53.1
-2.5
1.8
-19.8
19.5
24
25
26
(1) Large time deposits are those issued in amounts of $100,000 or more.
Net issues
-498.7
-503.2
-112.8
7.1
28.7
55.3
312.8
-135.0
77.2
270.2
-97.8
Net purchases
-498.7
-503.2
-112.8
7.1
28.7
55.3
312.8
-135.0
77.2
270.2
-97.8
-268.6
-71.4
-1.7
-183.5
-157.7
3.1
-35.0
-35.4
0.8
16.5
-4.1
1.1
-26.3
-2.9
2.2
-13.7
24.4
0.9
3.6
81.7
2.4
47.6
-56.3
0.7
-104.8
-48.7
2.5
53.5
72.9
2.7
-101.4
20.7
2.9
3
4
5
9.8
7.2
13.7
-7.1
-0.1
24.9
-8.8
20.2
1.2
61.7
-6.7
13.7
-18.7
14.9
2.0
7.9
6.4
203.1
-2.6
15.4
-1.2
20.5
6
7
3
4
5
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
6
7
8
9
-3.2
-5.5
-4.0
-12.7
-5.6
7.9
2.2
-1.4
0.4
-4.0
12.6
-2.4
0.5
-1.1
1.7
2.1
-8.8
-31.6
5.9
14.7
2.7
-1.0
8
9
10
11
-8.8
-2.8
-10.1
3.1
16.8
2.0
-3.9
-1.6
-1.5
-1.0
-2.4
-1.0
-4.9
-1.0
-0.3
-0.6
-2.0
-11.0
-5.9
1.3
2.1
6.2
10
11
12
Funding corporations
-153.7
-148.0
-89.2
-13.2
-1.2
29.9
235.5
-139.9
72.2
112.2
-49.3
12
Flows
2009
46
2010
2011
2012
2013
2012
Q3
Flows
3
4
5
6
7
Monetary authority
Private depository institutions (net)
U.S.-chartered depository institutions (net)
Foreign banking offices in U.S. (net)
Credit unions (net)
8
9
10
11
12
13
14
Government-sponsored enterprises
REITs
Brokers and dealers (net)
Holding companies
Net change in assets
15
16
17
18
19
20
21
22
23
24
25
26
27
Government-sponsored enterprises
Holding companies
Funding corporations
28
Discrepancy--unallocated assets
2013
Q4
Q1
Q2
Q3
Q4
290.4
4.5
-64.4
17.1
-58.1
-102.2
77.5
-87.9
-507.1
62.4
300.3
55.7
200.3
71.6
39.7
-114.7
-2.4
118.7
-70.5
-159.8
10.0
-238.3
-10.6
294.2
256.0
40.6
-2.4
-18.0
-140.5
-195.2
54.6
0.1
40.2
-80.3
-112.7
48.3
-15.9
7.3
-120.2
-142.6
16.2
6.2
208.7
-61.2
-62.4
-8.4
9.6
29.1
-116.2
-109.6
-20.9
14.3
57.8
-121.7
-175.1
57.7
-4.3
-6.9
-101.9
-134.6
-12.1
44.9
-41.2
-182.4
-96.5
-82.3
-3.6
249.0
34.7
-48.9
87.1
-3.5
634.1
4.8
30.5
-26.4
0.7
3
4
5
6
7
-1.7
-0.5
0.8
-2.2
-1.1
0.1
0.4
3.1
1.4
-0.8
0.7
4.0
0.7
3.4
1.1
0.5
1.3
0.6
1.5
-1.8
1.8
-2.5
8
9
-0.1
11.1
-57.5
-0.2
0.1
30.0
-66.2
0.2
-0.9
94.9
-189.4
0.4
-0.4
103.4
-15.1
-1.2
0.0
-37.7
-53.8
-0.0
-0.6
163.2
-180.5
0.5
0.0
-4.8
27.9
-4.5
0.9
7.5
81.6
-0.1
-0.8
-49.1
-75.6
-0.0
-0.1
-96.4
-134.6
0.0
0.0
-12.9
-86.7
0.0
10
11
12
13
-130.3
83.6
58.1
90.1
99.9
239.8
104.7
366.5
-367.0
160.0
240.0
14
0.7
-4.2
4.3
-1.4
0.4
-6.5
-2.2
-6.9
-1.1
0.9
-10.6
-5.3
-3.5
-14.7
-1.6
1.6
-2.6
5.1
15.8
-2.0
-16.0
-0.9
15
16
-42.7
-80.0
74.2
0.0
123.3
0.0
2.6
0.0
56.3
0.0
93.0
0.0
158.8
0.0
221.8
0.0
-117.4
0.0
10.6
0.0
110.3
0.0
17
18
0.1
2.2
-0.7
0.7
-2.1
-0.8
0.0
-1.6
0.0
-2.3
0.9
-0.3
-0.1
0.1
0.1
0.9
-0.7
-13.2
0.5
4.0
0.1
-0.7
19
20
0.2
-0.1
-0.2
0.4
0.0
0.2
-0.1
-0.1
-0.1
-0.1
0.7
-0.1
-1.0
-0.1
-0.0
-0.0
-0.1
-0.9
-0.2
0.1
0.0
0.5
21
22
-62.4
28.6
-0.6
-15.8
11.1
-28.8
54.2
54.1
-51.7
95.7
-91.9
108.5
150.6
-96.2
-206.7
180.8
-135.0
81.1
88.0
103.0
46.8
17.7
23
24
7.5
19.8
0.1
20.7
2.1
0.0
-38.9
0.2
0.0
38.6
-48.3
0.0
5.1
-2.8
-0.1
144.3
0.6
0.0
-96.5
7.4
0.0
171.1
-0.9
-0.5
-169.3
-14.1
0.0
-71.4
11.6
0.0
90.1
-8.0
0.0
25
26
27
420.7
-79.1
-122.5
-73.0
-157.9
-342.0
-27.3
-454.4
-140.1
-97.7
60.4
28
47
2011
2012
2013
2012
Q3
1
2
2013
Q4
Q1
Q2
Q3
Q4
-461.8
-80.4
-88.3
-16.9
-1.7
-22.5
38.8
129.3
-21.3
-60.8
-54.0
-461.9
-79.9
-88.2
-16.8
-1.7
-22.4
38.8
129.2
-21.3
-60.8
-54.0
-73.1
24.5
33.4
14.0
12.7
-35.5
70.5
20.9
-19.3
92.5
-43.2
4
5
6
59.4
-15.2
74.5
-2.7
-3.8
1.1
-53.5
-0.5
-53.0
27.9
10.3
17.6
34.4
10.7
23.7
78.4
34.9
43.5
54.5
34.3
20.1
120.7
-41.0
161.7
13.7
40.9
-27.2
-20.9
44.7
-65.7
24.1
-1.8
25.9
4
5
6
-448.2
0.0
-266.2
-38.8
0.0
-18.1
-125.1
-101.7
-19.7
-40.3
1.7
0.0
3.9
-47.4
-68.1
7.7
-24.1
10.0
0.0
11.1
-72.7
-58.7
-33.1
-9.0
8.2
0.0
6.2
-30.9
-48.8
-27.8
-7.5
-10.3
0.0
-19.9
16.8
-65.3
-45.3
14.5
12.1
0.0
31.9
-78.5
-86.1
-13.0
-32.9
1.5
0.0
9.5
-51.3
-12.4
-52.3
11.1
-32.6
0.0
5.2
56.1
-15.7
-41.1
-13.4
5.8
0.0
-28.7
61.7
-132.3
-27.2
-13.3
31.6
0.0
-4.8
-118.5
-35.0
9.3
-14.5
-46.1
0.0
-51.3
67.7
7
8
9
10
11
12
13
0.1
-0.5
-0.1
-0.1
-0.0
-0.1
0.0
0.0
-0.0
-0.0
0.0
14
0.1
0.0
-0.5
0.0
-0.1
0.0
-0.1
0.0
-0.0
0.0
-0.1
0.0
0.0
0.0
0.0
0.0
-0.0
0.0
-0.0
0.0
0.0
0.0
15
16
-461.8
-80.4
-88.3
-16.9
-1.7
-22.5
38.8
129.3
-21.3
-60.8
-54.0
17
16.7
-1.3
-1.5
12.0
-1.8
-0.1
-0.3
-7.5
-2.0
-20.2
-0.4
15.5
-0.4
-15.5
3.9
-0.0
-0.9
-25.6
-1.1
-29.5
-10.1
-25.4
18
19
7
8
9
10
11
12
13
14
15
16
17
Financial sectors
U.S.-chartered depository institutions
ABS issuers
Finance companies
REITs
Holding companies
Funding corporations
Bankers acceptances (1)
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Net purchases, by sector
18
19
Household sector
Nonfinancial corporate business
20
21
-39.0
-41.4
13.0
-0.5
-10.8
0.7
-5.4
3.4
0.7
1.8
-4.1
5.2
-11.3
19.9
1.2
35.0
3.9
-15.0
-1.6
-51.3
-0.7
38.6
20
21
22
23
24
25
Monetary authority
U.S.-chartered depository institutions (1)
Foreign banking offices in U.S. (1)
Credit unions
0.0
-15.7
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
22
23
24
25
26
27
-9.3
11.5
-1.9
-8.9
0.9
-11.2
-1.4
13.9
-0.1
-8.3
2.5
7.2
-1.9
34.5
0.6
-21.6
-2.9
-10.6
2.0
1.8
-0.0
-2.9
26
27
28
29
1.0
1.0
-2.7
6.3
2.1
3.6
-2.4
-1.4
-4.0
-3.4
-7.8
-0.9
-2.7
-0.9
1.9
-0.6
-2.7
-10.1
-6.8
1.2
-8.6
-4.3
28
29
30
31
-108.0
28.6
-116.3
-13.9
-40.0
-26.3
-13.3
27.5
11.3
28.6
-59.1
41.8
-8.5
-28.7
51.0
-57.5
135.5
32.6
-30.8
63.1
-110.5
76.2
30
31
32
33
34
Government-sponsored enterprises
Brokers and dealers
Funding corporations
3.0
-24.2
-284.7
0.2
-5.3
39.3
-3.4
5.9
-7.8
-3.1
-12.2
-14.6
2.2
-1.3
-7.0
-6.3
-5.9
-10.3
-3.0
-13.1
70.4
3.1
0.1
112.1
0.5
-2.2
-123.8
3.0
6.2
-17.1
2.1
-9.2
1.0
32
33
34
Flows
2009
48
1
2
3
4
Flows
Net issues
U.S. savings securities (1)
Treasury bills
Other Treasury securities
Net purchases
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1443.7
1579.6
1066.8
1140.6
759.5
788.0
1174.1
1169.7
298.5
173.6
1396.0
-2.8
-73.3
1519.8
-3.3
-19.0
1601.8
-2.7
-249.5
1319.0
-2.8
107.0
1036.3
-3.3
-35.9
798.7
-2.5
74.4
716.2
-5.0
53.8
1125.3
-2.5
646.7
525.5
-3.7
-880.3
1182.6
-3.3
-160.7
337.5
-3.6
250.6
1149.1
2
3
4
1443.7
1579.6
1066.8
1140.6
759.5
788.0
1174.1
1169.7
298.5
173.6
1396.0
6
7
8
Household sector
U.S. savings securities (1)
Bills and other Treasury securities
534.1
-2.8
536.9
320.9
-3.3
324.2
-222.4
-2.7
-219.6
232.0
-2.8
234.7
-167.3
-3.3
-164.0
37.6
-2.5
40.1
241.9
-5.0
246.9
-83.8
-2.5
-81.3
-61.6
-3.7
-57.8
-307.1
-3.3
-303.9
-216.6
-3.6
-212.9
6
7
8
9
10
11
12.5
-5.7
-17.4
5.1
1.9
6.8
-5.1
0.5
-45.5
7.2
0.7
-12.7
1.6
1.4
-38.9
17.8
0.5
-6.1
-23.1
1.5
-54.0
-34.5
0.4
-11.5
27.3
1.6
0.4
0.7
1.7
-104.6
12.7
1.8
-40.0
9
10
11
12
13
14
554.4
-7.6
562.0
740.4
-40.2
780.5
357.9
-62.6
420.5
589.5
14.0
575.6
418.3
23.4
394.9
600.3
98.9
501.3
558.4
-39.8
598.2
531.6
281.9
249.7
65.5
-173.6
239.1
253.7
-219.0
472.7
822.2
204.3
618.0
12
13
14
15
16
17
Monetary authority
Treasury bills
Other Treasury securities
300.7
0.0
300.7
244.9
0.0
244.9
642.0
0.0
642.0
2.7
-18.4
21.1
542.6
0.0
542.6
-78.8
-73.7
-5.1
61.8
0.0
61.8
575.2
0.0
575.2
548.5
0.0
548.5
522.5
0.0
522.5
524.3
0.0
524.3
15
16
17
18
19
20
21
68.1
22.0
-0.7
5.4
93.0
3.5
0.6
5.9
-43.7
-0.5
-0.0
-2.5
69.3
16.1
-0.6
1.7
-26.1
-9.6
0.7
0.6
-7.9
65.3
-1.5
4.0
115.2
-2.7
-2.1
-6.5
-80.9
11.8
-0.1
-0.4
-100.3
-50.5
0.1
3.5
-97.8
9.4
0.8
-2.2
174.7
-8.9
2.1
1.5
18
19
20
21
22
23
24
22.9
5.0
18.0
3.2
-0.3
3.5
4.6
1.9
2.7
-6.1
-3.3
-2.8
-0.6
-0.3
-0.4
-5.7
4.4
-10.1
-4.6
-4.3
-0.3
-0.0
1.1
-1.1
-4.8
-5.6
0.8
5.1
3.8
1.3
-2.8
-0.3
-2.5
22
23
24
25
26
27
27.7
-6.3
34.0
23.2
-3.6
26.8
18.8
3.8
15.0
4.2
-4.5
8.7
3.7
-2.5
6.2
9.6
-4.7
14.2
5.6
-3.8
9.4
1.4
-3.0
4.3
3.8
-26.2
29.9
7.1
21.6
-14.5
2.5
-2.4
4.9
25
26
27
28
29
30
35.0
22.0
7.4
33.2
8.0
10.1
27.8
13.4
23.4
48.0
41.2
12.1
40.1
10.2
12.5
48.0
32.5
14.8
32.8
42.9
18.6
60.1
45.5
-9.5
51.7
0.3
-40.6
27.5
-1.3
-379.7
21.2
-3.9
480.0
28
29
30
31
32
33
-171.3
-160.2
-11.0
-71.0
-84.0
13.0
107.9
29.1
78.8
14.5
19.1
-4.7
30.4
6.7
23.6
65.2
28.8
36.4
-88.2
90.0
-178.1
55.4
-43.3
98.7
-18.6
-145.0
126.4
89.7
206.5
-116.8
-5.1
8.7
-13.7
31
32
33
34
35
36
Mutual funds
Treasury bills
Other Treasury securities
74.0
0.0
74.0
122.5
1.6
120.9
76.1
-0.6
76.7
123.0
12.4
110.6
61.8
-4.7
66.5
12.0
1.4
10.5
193.2
-0.0
193.3
237.2
7.0
230.2
-45.4
-5.5
-40.0
53.3
12.9
40.4
2.0
-33.2
35.2
34
35
36
37
38
Closed-end funds
Exchange-traded funds
1.2
14.7
0.7
9.2
-0.3
11.4
0.3
1.2
0.6
-6.5
0.8
-18.1
-0.1
3.4
2.1
-2.9
0.5
4.8
-0.2
-0.7
0.1
-27.0
37
38
39
40
Government-sponsored enterprises
ABS issuers
19.9
-18.3
45.9
-13.8
17.6
-10.9
-31.2
-5.8
-11.6
-3.8
-18.7
-6.6
-13.1
0.8
22.3
-11.3
3.6
2.6
28.5
6.8
-100.8
-13.4
39
40
41
42
-67.6
2.7
-28.5
13.8
89.1
7.1
63.0
-29.8
-110.5
9.8
18.3
4.5
105.4
-13.2
-144.7
6.4
-134.9
41.1
68.6
-8.4
-231.0
0.3
41
42
1443.9
1580.2
1067.9
1140.2
759.1
787.7
1176.1
1168.7
299.9
174.1
1393.6
43
Memo:
43
(1) Includes U.S. savings bonds, U.S. individual retirement bonds, U.S. retirement plan bonds, U.S. savings stamps, and matured U.S. savings securities.
(2) Total issues of Treasury securities (line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 11).
49
2011
2012
2013
2012
Q3
1
2
3
4
5
Net issues
Budget agencies
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
Net purchases
6
7
Household sector
Nonfinancial corporate business
8
9
2013
Q4
Q1
Q2
Q3
Q4
-59.9
-46.2
-20.8
-22.8
238.6
-7.9
68.9
181.0
227.0
199.0
347.4
0.1
-475.3
415.3
0.7
-233.8
186.9
1.1
-187.2
165.3
-0.4
-154.6
132.2
-0.4
106.5
132.4
-0.3
-113.2
105.6
1.9
-75.4
142.4
-1.0
43.1
138.8
1.3
136.7
88.9
0.5
40.2
158.3
-2.4
206.1
143.7
2
3
4
-59.9
-46.2
-20.8
-22.8
238.6
-7.9
68.9
181.0
227.0
199.0
347.4
-671.2
4.2
-2.6
1.7
5.6
-1.7
-118.8
-2.6
-132.6
-4.5
-221.9
5.9
60.3
-17.7
-306.0
-31.5
-115.3
9.1
-38.3
0.2
-70.7
4.2
6
7
9.7
142.0
22.4
-47.2
-12.7
-118.1
-29.4
-31.1
3.9
0.0
-22.3
0.0
-62.3
0.0
6.7
0.0
21.4
0.0
-8.6
0.0
-3.9
0.0
8
9
-226.0
1048.5
-72.3
71.4
-41.6
-197.9
-71.8
61.8
-91.6
543.9
26.8
-112.4
-124.6
340.2
-167.4
559.7
-137.4
535.8
87.8
501.7
-149.4
578.6
10
11
168.0
-19.3
-3.9
27.8
110.1
-4.8
-7.7
40.9
106.9
4.0
-8.0
30.6
35.5
1.5
-2.2
14.9
51.3
-6.7
-0.8
3.3
17.2
-8.3
-3.3
11.0
-12.0
7.6
-5.5
-2.3
163.5
-17.5
-0.7
14.5
60.6
-6.4
-1.1
15.6
-101.5
0.1
-0.9
3.6
82.8
-3.1
-0.4
-20.6
12
13
14
15
1.9
5.8
-0.4
4.0
6.9
-1.6
-9.0
-13.8
0.7
2.1
-8.4
-2.9
-6.8
-13.1
2.7
5.8
1.3
5.6
2.0
-0.0
-3.3
-2.8
16
17
-6.4
-3.0
0.0
6.5
1.8
0.6
3.3
7.1
0.7
17.2
33.6
1.5
13.7
8.9
-1.7
7.5
23.3
1.4
15.9
33.7
0.4
9.3
40.2
-2.2
16.3
0.2
-1.9
13.6
-1.2
-1.9
15.4
-3.6
-0.9
18
19
20
10
11
12
13
14
15
16
17
18
19
20
21
22
23
-213.1
50.0
-27.4
-140.2
76.9
-85.1
0.9
104.7
-18.1
-60.2
87.0
-48.3
17.6
-34.7
-17.3
-13.9
155.1
-74.1
-14.1
-17.1
-53.0
35.5
-5.2
-39.9
33.4
15.5
-32.5
30.8
-151.9
8.6
-29.4
2.6
-5.3
21
22
23
24
25
ABS issuers
REITs
-224.2
15.5
-96.0
38.2
-3.3
101.4
-0.0
111.5
-0.2
-76.2
-1.9
232.5
-5.5
-77.1
11.8
-50.9
-3.9
-71.9
-3.5
-93.2
-5.1
-88.6
24
25
26
27
-131.8
-7.0
38.9
-3.2
-2.1
12.0
21.9
-22.1
-55.4
14.9
-17.2
-1.9
16.4
5.6
-62.8
15.5
-112.3
-5.1
-80.7
32.3
34.0
16.9
26
27
(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 41.
Flows
2009
50
2010
2011
2012
2013
2012
Q3
Flows
2
3
4
5
6
2013
Q4
Q1
Q2
Q3
Q4
155.3
99.7
-52.8
-4.9
-43.2
-11.8
-122.6
76.5
24.7
-109.7
-164.4
112.2
7.8
104.4
68.7
-0.7
69.3
-53.6
-10.6
-42.9
-5.7
3.8
-9.4
-39.4
-10.9
-28.6
-6.1
10.0
-16.1
-116.0
-27.2
-88.8
71.7
-4.4
76.0
33.0
8.6
24.4
-116.9
-19.4
-97.5
-145.4
-28.3
-117.2
2
3
4
5.9
-2.2
-7.8
-14.5
-13.1
-15.4
-18.5
-6.5
-14.6
-13.4
-18.1
37.2
33.2
8.5
15.2
9.3
9.7
11.9
11.3
6.4
20.6
-0.9
155.3
99.7
-52.8
-4.9
-43.2
-11.8
-122.6
76.5
24.7
-109.7
-164.4
107.1
0.9
0.2
43.7
-3.2
0.5
-64.8
-1.6
0.1
-152.1
12.2
0.1
-37.6
-7.8
0.2
-238.5
22.2
0.1
-248.9
24.7
0.2
39.8
-54.8
0.0
40.1
1.1
0.2
-83.1
-0.1
0.2
-147.0
22.7
0.2
8
9
10
8
9
10
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
11
12
1.0
7.7
1.4
13.1
0.1
-1.4
-0.8
-2.4
0.1
-1.4
-0.6
10.4
-1.6
-19.1
0.2
-10.9
0.6
-19.8
-0.2
12.5
-0.1
12.5
11
12
13
14
15
16
2.4
0.0
0.9
0.0
30.3
0.0
-0.9
0.0
42.6
0.0
0.9
3.2
65.8
0.0
-0.8
1.0
53.4
0.0
0.9
0.3
84.7
0.0
0.1
-0.2
47.9
0.0
-0.7
1.5
53.9
0.0
0.2
4.5
66.2
0.0
0.2
-1.2
48.6
0.0
3.0
1.5
44.8
0.0
0.3
-3.5
13
14
15
16
17
18
19
-12.6
26.1
0.1
-21.0
39.2
0.7
-17.4
9.4
0.9
-3.4
9.6
1.9
4.7
3.7
-2.8
-2.1
14.3
1.1
2.3
10.0
2.4
7.7
3.9
1.2
3.6
3.9
-5.1
5.7
1.3
-4.8
1.8
5.7
-2.4
17
18
19
20
21
22
23
-69.4
89.4
3.3
3.6
-53.4
46.7
0.4
1.7
-29.4
15.7
0.9
1.0
-20.6
86.2
3.3
3.6
-28.3
-16.5
0.4
-0.8
-3.2
107.2
3.6
2.9
-3.7
67.4
5.0
4.0
-65.9
76.8
1.9
2.9
11.1
-22.5
2.2
-1.8
0.4
-80.9
-2.5
-4.0
-58.9
-39.3
-0.1
-0.3
20
21
22
23
24
25
Government-sponsored enterprises
Brokers and dealers
-2.2
-3.3
-4.2
4.6
-3.9
-9.1
-4.1
-4.3
-3.7
-8.0
-5.3
-8.6
-4.4
-9.6
-2.6
17.7
-5.9
-48.1
-4.1
-3.0
-2.3
1.5
24
25
51
2011
2012
2013
2012
Q3
Net issues
2
3
Financial sectors
5
6
7
8
9
10
11
12
2013
Q4
Q1
Q2
Q3
Q4
-11.0
-76.7
222.7
432.2
666.8
496.9
891.7
570.3
278.1
853.8
965.0
411.7
163.3
438.6
59.9
410.8
137.7
579.6
62.2
640.3
129.6
587.1
133.2
782.0
250.5
579.4
239.8
570.8
3.9
745.3
97.7
665.8
177.0
2
3
-586.0
-575.2
-325.8
-209.6
-103.1
-223.4
-140.8
-248.9
-296.6
10.9
122.2
-28.5
-470.8
-87.0
-41.3
6.7
-457.3
-111.7
-0.1
-21.0
-223.0
-39.4
15.5
1.3
-205.5
-81.4
26.1
-18.2
-146.8
4.9
18.8
-18.2
-264.3
-10.0
18.7
23.7
-100.8
-190.7
30.6
-7.6
-216.7
-19.9
7.7
-9.8
-193.6
-14.0
25.6
-19.8
-122.7
24.4
36.8
-35.5
-54.0
29.1
5.0
5
6
7
8
-4.2
7.8
37.9
36.9
-46.5
-3.2
-37.9
-91.6
71.6
-1.7
16.3
35.3
22.2
4.5
11.4
-65.2
16.7
98.9
17.3
62.7
16.3
-4.2
-46.0
37.9
55.8
-138.5
-22.2
-27.8
58.5
61.5
65.1
143.8
-31.4
9
10
11
-11.0
-76.7
222.7
432.2
666.8
496.9
891.7
570.3
278.1
853.8
965.0
12
13
14
15
16
17
18
Household sector
State and local governments
Federal government
Rest of the world (4)
MBS and other ABS
Other
75.1
3.3
0.6
-127.3
-168.7
41.4
-319.2
7.4
0.3
-36.8
-45.5
8.8
132.3
-4.0
-0.1
-109.9
-44.8
-65.1
98.2
-9.4
-0.2
-16.9
-36.1
19.2
104.3
1.2
-0.1
191.5
-21.8
213.3
-7.3
-7.1
-0.4
80.6
-49.3
129.9
269.2
-20.0
-0.1
206.8
-23.1
229.9
-54.0
2.1
-0.2
163.4
-21.6
185.0
-54.3
6.9
-0.1
168.5
-39.4
207.9
107.6
-2.8
-0.1
291.2
-13.0
304.3
417.9
-1.3
-0.0
142.9
-13.0
156.0
13
14
15
16
17
18
19
20
21
22
23
24
25
26
25.1
-47.7
73.7
-157.8
1.5
-6.7
0.3
-7.0
-98.2
-88.1
-10.7
-9.4
-1.4
-15.7
-0.7
-15.0
2.5
-24.8
27.8
-1.4
3.6
-0.3
-0.3
-0.1
-1.4
-1.0
-0.1
-6.2
1.0
0.3
0.7
-0.4
15.0
-1.3
16.6
-34.1
0.6
2.2
2.1
0.1
56.3
-1.7
57.0
30.5
2.0
-1.6
-1.1
-0.5
31.5
-8.3
40.5
17.8
2.4
0.1
0.5
-0.5
-15.8
-11.2
-3.5
-74.3
1.6
4.6
4.2
0.4
9.9
-1.9
11.5
-36.6
-0.2
2.9
2.7
0.2
48.6
6.5
42.2
1.1
0.3
0.2
0.3
-0.2
17.4
1.4
16.3
-26.7
0.6
1.3
1.2
0.1
19
20
21
22
23
24
25
26
27
28
29
30
31
32
30.8
0.0
30.8
97.6
0.0
97.6
24.3
0.0
24.3
102.9
0.0
102.9
40.4
-0.6
41.1
87.1
0.0
87.1
16.7
2.7
14.0
33.4
-24.3
57.6
8.0
1.3
6.7
49.8
1.2
48.7
18.2
2.7
15.4
109.4
-22.3
131.7
23.5
2.7
20.7
37.6
-22.0
59.6
9.0
1.7
7.2
58.6
9.6
48.9
4.2
1.0
3.2
50.1
1.5
48.6
6.6
0.6
6.0
11.0
2.4
8.5
12.4
1.9
10.5
79.7
-8.9
88.6
27
28
29
30
31
32
33
34
35
-14.5
-102.3
-0.0
83.4
5.7
0.2
44.6
-24.8
1.4
-47.3
-60.1
1.7
-2.2
-0.6
-1.7
-48.7
-75.1
4.3
-50.7
-37.2
0.0
-40.0
-31.1
-2.3
7.5
-22.2
-1.8
12.8
20.4
-1.9
11.0
30.5
-0.9
33
34
35
36
37
38
39
-58.1
143.8
6.0
27.6
-15.7
122.3
4.2
18.7
-49.1
170.3
-2.3
33.6
-3.0
306.0
7.6
47.6
0.0
282.0
16.7
19.5
-16.9
333.5
10.7
45.5
36.0
344.1
9.8
32.9
4.0
388.7
26.4
28.2
-49.2
207.6
23.4
10.1
-6.4
315.2
3.5
22.0
51.7
216.6
13.4
17.5
36
37
38
39
40
41
42
43
44
Government-sponsored enterprises
MBS and other ABS
Other
Finance companies
REITs
-48.6
-50.2
1.6
6.3
3.8
-29.6
-46.5
17.0
-19.8
5.3
-30.8
-32.2
1.4
0.9
1.3
-50.0
-31.2
-18.8
-6.3
10.1
-56.3
-56.3
0.0
-8.6
4.2
-33.6
-28.4
-5.2
-6.3
12.2
-55.9
-31.0
-24.9
-26.5
6.2
-22.9
-22.4
-0.6
-2.2
19.7
-45.2
-44.7
-0.6
-17.6
-2.0
-118.3
-117.8
-0.5
-3.8
-0.8
-38.7
-40.3
1.6
-10.7
-0.2
40
41
42
43
44
45
46
47
47.5
-8.4
43.6
35.2
7.3
51.9
-85.0
-20.1
32.6
35.5
-4.7
79.6
-6.9
34.0
48.1
33.9
-32.2
-10.8
3.1
-15.7
76.6
31.9
1.6
73.4
-52.8
-2.0
71.1
-2.8
148.9
1.0
-4.1
-12.6
46.9
45
46
47
Flows
2009
52
2010
2011
2012
2013
2012
Q3
Flows
Net issues
Financial sectors
5
6
7
8
9
10
11
12
13
14
15
2013
Q4
Q1
Q2
Q3
Q4
317.9
-7.0
-302.1
-148.3
-1.0
-49.6
-134.6
274.5
-58.2
-172.4
-47.8
-62.1
-277.4
-472.2
-399.5
-383.7
-395.4
-403.4
-256.2
-421.4
-449.9
-407.5
63.7
79.1
6.0
82.6
211.4
71.5
41.5
295.3
313.6
91.9
144.8
316.3
191.3
164.1
168.6
171.4
274.3
227.3
235.4
49.7
185.6
214.9
11.6
-5.3
-0.9
7.5
116.5
11.9
-12.7
-4.8
0.5
118.0
6.4
-10.7
-11.5
-2.9
117.6
2.1
-14.5
-9.9
2.5
185.2
2.6
-4.7
-8.0
4.1
179.0
1.1
-22.2
-7.6
9.7
207.0
2.3
-4.8
-8.6
17.3
221.0
1.4
-3.6
-6.6
16.9
207.7
0.6
-6.4
-9.7
15.6
60.2
3.0
-8.3
-8.5
-15.9
214.4
5.5
-0.4
-7.1
-0.2
233.9
5
6
7
8
9
REITs
Government-sponsored enterprises
Brokers and dealers
Holding companies
Funding corporations (3)
24.2
96.0
-32.4
68.6
30.5
28.2
38.1
-11.1
19.8
3.5
37.5
29.2
14.1
2.9
-18.4
47.6
14.5
-50.7
0.6
-8.6
45.1
1.1
-31.0
-17.0
0.0
62.7
13.9
-26.8
36.5
0.0
37.1
14.7
-19.9
-31.8
0.0
64.2
7.8
-45.4
-7.0
0.0
63.1
-10.7
-41.6
-21.4
0.0
24.9
3.3
0.3
-27.5
0.0
28.0
4.2
-37.1
-12.0
0.0
10
11
12
13
14
317.9
-7.0
-302.1
-148.3
-1.0
-49.6
-134.6
274.5
-58.2
-172.4
-47.8
15
-5.7
-2.3
0.6
154.9
-186.8
-0.3
24.1
74.6
-213.1
-4.3
40.3
-38.7
-325.0
-5.0
-13.2
29.9
-323.6
0.7
-4.8
31.7
-397.0
-3.8
-9.9
93.4
-648.7
-10.6
-5.0
313.5
90.7
1.1
-5.2
16.5
-242.9
3.7
-2.8
-128.4
-661.0
-1.5
-10.3
274.7
-481.4
-0.7
-1.1
-35.9
16
17
18
19
Net purchases
16
17
18
19
Household sector
State and local governments
Federal government
Rest of the world (4)
20
21
22
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
25.1
6.3
0.0
1.3
-1.8
0.1
-26.4
1.0
-0.0
0.0
5.1
0.0
0.0
-0.7
0.0
0.0
6.1
0.0
0.0
3.0
0.0
0.0
-2.7
0.0
0.0
0.1
0.0
0.0
-1.5
-0.0
0.0
1.2
0.0
20
21
22
23
24
-2.8
33.4
-20.9
45.6
2.9
37.7
4.6
15.3
4.7
29.3
-3.5
20.0
8.3
18.5
4.9
18.7
9.8
60.9
-0.8
13.1
4.8
24.5
23
24
25
26
27
-95.4
20.5
8.8
25.2
-84.0
5.4
-63.8
-77.4
-4.2
11.7
36.7
-4.1
4.5
-85.2
9.6
37.5
11.0
-8.4
-6.9
49.5
-10.8
14.6
-28.7
16.3
14.7
-0.3
9.3
-6.0
-161.7
-7.1
-5.3
-150.2
19.9
25
26
27
28
29
30
Mutual funds
Closed-end funds
Exchange-traded funds
86.5
-3.0
70.5
44.3
-4.8
88.3
4.9
-1.2
71.6
-38.1
-8.7
132.9
161.1
-13.6
166.8
2.1
-5.3
176.7
-11.9
2.7
180.7
60.2
-13.5
179.6
164.7
-10.6
47.1
214.7
-16.6
197.1
204.9
-13.6
243.6
28
29
30
31
32
-4.6
25.1
-18.5
1.3
-5.0
-26.4
9.7
0.0
18.6
0.0
31.6
0.0
-16.8
0.0
-78.0
0.0
16.5
0.0
-5.5
0.0
141.5
0.0
31
32
Net issues
497.1
370.1
338.4
624.9
662.1
784.7
542.5
956.8
506.9
673.9
510.7
Net purchases
497.1
370.1
338.4
624.9
662.1
784.7
542.5
956.8
506.9
673.9
510.7
334.1
35.3
227.7
11.1
218.7
-12.8
373.6
0.7
722.8
0.7
704.8
0.7
390.5
0.7
1009.3
0.7
688.8
0.7
699.1
0.7
494.1
0.7
3
4
3
4
Household sector
Nonfinancial corporate business
5
6
1.7
57.2
2.8
111.5
-0.7
147.5
-2.6
182.0
0.3
-87.6
-2.0
6.5
-5.5
110.0
0.6
-107.2
1.9
-205.6
-0.8
-71.9
-0.3
34.5
5
6
7
8
14.8
-0.7
-5.8
0.2
-0.8
0.3
8.3
0.4
10.7
-0.1
11.1
0.4
20.7
0.4
13.8
1.1
2.2
-0.8
16.6
-0.6
10.2
-0.2
7
8
0.5
0.0
-0.1
1.0
-0.7
1.1
1.8
1.3
1.8
1.4
1.8
1.3
1.8
1.3
1.8
1.3
1.8
1.4
1.8
1.4
1.8
1.4
9
10
56.5
-2.3
35.1
-13.2
1.5
-15.7
55.0
4.5
26.9
-15.0
58.8
1.3
16.6
6.1
38.8
-3.5
26.7
-10.2
43.4
-15.9
-1.2
-30.2
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.
53
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
-753.4
-90.4
146.6
184.1
184.3
161.0
272.1
30.9
208.5
211.6
286.4
2
3
4
Household sector
Corporate business
Noncorporate business
33.0
-234.0
-102.0
52.4
-83.5
-20.3
-53.9
68.9
56.7
111.5
78.3
87.8
21.7
44.6
49.8
-8.1
56.7
62.2
184.1
83.0
89.0
-64.3
20.0
35.5
36.2
55.8
62.0
130.2
56.1
45.3
-15.3
46.6
56.6
2
3
4
5
6
7
8
-14.8
-0.0
-5.2
-9.6
24.0
2.1
15.6
6.3
43.2
-1.2
16.8
27.6
30.4
0.8
0.6
29.1
39.2
1.0
20.0
18.2
18.3
0.1
-19.8
38.0
15.0
4.2
-2.1
12.9
33.3
-0.1
23.0
10.4
24.9
-0.4
17.1
8.2
41.3
2.1
24.8
14.3
57.2
2.2
15.1
40.0
5
6
7
8
Financial sectors
-435.4
-62.9
31.6
-124.0
29.0
32.0
-99.0
6.4
29.6
-61.4
141.3
-30.4
-12.1
-45.5
-64.9
-2.2
0.0
15.9
3.6
0.0
16.4
1.2
0.0
10.1
5.1
0.0
58.0
-3.5
0.0
27.7
14.8
0.0
3.0
-12.9
0.0
8.2
3.9
0.0
3.4
25.1
0.0
25.6
4.5
0.0
10
11
12
2.3
-349.6
26.1
-21.9
64.0
-51.9
-120.2
-21.5
13.8
0.0
-22.4
0.0
-141.4
0.0
16.3
0.0
17.5
0.0
-89.9
0.0
111.1
0.0
13
14
-753.4
-90.4
146.6
184.1
184.3
161.0
272.1
30.9
208.5
211.6
286.4
15
10
11
12
Finance companies
REITs
Brokers and dealers
13
14
Holding companies
Funding corporations
15
16
-347.6
-44.8
-67.6
-29.9
-0.5
-12.2
-3.6
-0.7
-0.5
-0.6
-0.0
16
17
18
19
20
-280.8
-126.0
-0.3
1.3
-34.6
-11.3
-3.3
3.5
163.6
42.9
1.1
6.6
216.6
-3.7
1.0
0.1
136.2
43.8
1.4
3.4
170.0
-8.4
1.4
10.2
277.8
2.3
1.7
-6.1
31.6
0.0
0.3
-0.4
143.4
54.8
3.6
7.2
148.0
62.5
1.8
-0.1
221.9
57.8
-0.2
6.9
17
18
19
20
(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.
(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table F.108.
Flows
2009
54
2010
2011
2012
2013
2012
Q3
Flows
Q1
Q2
Q3
Q4
-447.0
-226.9
4.9
-13.5
128.8
-48.6
34.6
53.8
319.8
71.6
70.0
2
3
4
5
6
7
8
9
10
66.1
-0.2
59.6
3.6
0.8
0.3
0.0
0.0
2.0
3.6
-1.0
-4.3
0.6
0.9
0.2
0.0
0.0
7.2
4.9
-0.5
-0.5
2.9
0.9
1.4
0.0
0.0
0.7
2.5
-0.1
5.2
0.6
0.4
3.2
0.0
0.0
-6.8
6.8
1.1
0.8
2.0
0.5
3.0
0.0
0.0
-0.7
-8.0
0.1
3.7
0.2
-0.4
-0.2
0.0
0.0
-11.3
-2.5
0.1
4.5
-0.3
0.5
5.1
0.0
0.0
-12.5
10.2
0.6
2.9
2.1
1.3
5.5
0.0
0.0
-2.2
8.5
2.5
0.7
1.4
-0.2
4.5
0.0
0.0
-0.4
3.8
-1.0
-0.3
3.6
0.5
1.1
0.0
0.0
0.0
4.7
2.3
-0.1
0.9
0.6
1.0
0.0
0.0
0.0
2
3
4
5
6
7
8
9
10
11
12
-44.0
-44.0
-20.2
-20.2
33.9
33.9
-52.2
-52.2
-5.2
-5.2
-34.5
-34.5
-59.2
-59.2
9.7
9.7
25.9
25.9
-55.4
-55.4
-1.0
-1.0
11
12
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
13
14
15
16
13
14
15
16
2013
Q4
17
18
19
-3.2
-3.2
0.0
4.3
4.3
0.0
4.0
4.0
0.0
16.7
14.3
2.4
-2.8
-0.7
-2.0
1.5
1.1
0.4
-13.6
-19.0
5.5
2.6
8.5
-5.9
19.0
20.0
-1.0
4.7
6.3
-1.5
-37.5
-37.8
0.3
17
18
19
20
21
22
0.7
-0.0
0.7
3.4
-0.0
3.4
2.4
-0.0
2.5
1.4
-0.0
1.4
0.9
-0.0
0.9
2.5
-0.0
2.6
4.1
-0.0
4.1
-0.1
-0.0
-0.1
2.6
-0.0
2.6
1.6
-0.0
1.6
-0.6
-0.0
-0.6
20
21
22
23
24
25
26
27
28
29
-284.8
0.0
-0.4
0.2
-263.9
-14.1
-6.6
-144.7
0.0
1.6
5.6
-148.3
-0.4
-3.2
-64.2
0.0
-0.9
-2.6
-60.5
-2.0
1.8
18.6
0.0
0.7
7.6
4.6
0.9
4.8
74.4
0.0
-0.0
2.9
63.0
3.1
5.4
4.4
0.0
0.8
12.1
-10.9
2.6
-0.2
17.9
0.0
-1.4
6.0
13.5
2.8
-3.0
28.9
0.0
0.9
-20.6
54.9
-11.4
5.2
141.9
0.0
-0.7
15.9
115.3
4.9
6.5
63.4
0.0
-1.1
2.5
52.5
12.5
-2.9
63.5
0.0
0.7
14.1
29.4
6.4
12.9
23
24
25
26
27
28
29
30
31
-23.7
-23.7
-4.9
-4.9
-3.9
-3.9
1.7
1.7
0.2
0.2
12.8
12.8
-5.9
-5.9
8.5
8.5
1.8
1.8
-2.0
-2.0
-7.7
-7.7
30
31
32
33
34
-91.0
-81.9
-9.1
-15.2
-13.7
-1.5
3.0
2.7
0.3
11.2
10.1
1.1
16.0
14.4
1.6
3.3
3.0
0.3
21.2
19.1
2.1
20.9
18.8
2.1
39.4
35.5
3.9
7.0
6.3
0.7
-3.4
-3.0
-0.3
32
33
34
35
36
37
38
39
40
41
-67.1
-5.3
-13.3
1.3
-27.4
-12.7
-9.8
-53.3
-0.6
-3.7
-0.8
-34.0
-12.7
-1.5
24.9
-2.8
5.4
18.9
-1.5
6.9
-2.0
-13.5
-2.5
0.4
12.2
-2.3
-14.8
-6.5
38.5
4.4
1.7
39.7
-10.2
6.7
-3.8
-30.6
-0.5
2.2
5.6
-32.1
-3.8
-2.1
72.6
-8.7
2.1
20.3
24.3
30.6
4.1
-26.9
7.1
-3.3
30.8
-52.1
-9.5
0.1
80.6
5.4
4.2
69.9
-14.6
20.2
-4.4
48.3
1.9
1.9
28.0
16.0
6.3
-5.8
52.0
3.0
4.0
30.0
10.0
10.0
-5.0
35
36
37
38
39
40
41
(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 depository institutions and finance companies which are included elsewhere.
55
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
-292.9
-511.3
-318.5
-255.2
31.3
-345.1
9.8
-221.1
15.9
226.5
104.0
2
3
4
5
Home
Multifamily residential
Commercial
Farm
-213.9
6.5
-96.9
11.3
-354.2
-4.9
-160.3
8.1
-255.3
5.7
-81.9
13.1
-250.1
22.6
-33.5
5.8
-75.7
38.2
60.8
8.0
-326.4
30.6
-55.2
5.8
-101.5
42.6
62.9
5.8
-205.9
13.7
-36.8
7.9
-102.8
44.6
66.2
8.0
96.2
43.4
78.7
8.1
-90.3
51.1
135.2
8.1
2
3
4
5
-292.9
-511.3
-318.5
-255.2
31.3
-345.1
9.8
-221.1
15.9
226.5
104.0
Household sector
-166.8
-377.0
-235.5
-240.7
-70.4
-317.0
-90.3
-194.4
-97.6
96.2
-85.9
8
9
10
Nonfinancial business
Corporate
Noncorporate
-129.5
-128.1
-1.4
-134.5
-118.1
-16.5
-92.0
-56.9
-35.2
-30.1
-9.5
-20.6
104.0
27.6
76.5
-40.3
-30.1
-10.2
85.2
35.6
49.6
-48.8
-30.1
-18.7
129.9
41.9
87.9
129.6
11.3
118.3
205.4
87.2
118.3
8
9
10
11
12
Federal government
REITs
0.0
3.4
0.0
0.2
0.0
9.1
0.0
15.6
0.0
-2.3
0.0
12.2
0.0
14.9
0.0
22.1
0.0
-16.4
0.0
0.6
0.0
-15.4
11
12
13
-292.9
-511.3
-318.5
-255.2
31.3
-345.1
9.8
-221.1
15.9
226.5
104.0
13
Net borrowing
14
15
16
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
-3.0
-4.1
-1.2
-12.4
-1.6
4.2
0.4
-0.6
0.5
-14.6
-0.6
0.6
-9.3
-0.6
1.2
-13.3
-0.6
0.5
-13.1
-0.6
1.3
-9.4
-0.6
0.4
-10.2
-0.6
1.4
-9.3
-0.6
1.5
-8.2
-0.6
1.6
14
15
16
17
18
4.9
12.6
10.0
-6.2
-4.5
4.1
-11.7
1.6
1.5
4.0
-8.9
2.0
-24.8
-4.2
2.7
7.2
8.5
-0.5
-3.4
3.7
-1.6
5.5
17
18
19
20
21
22
-243.3
-6.4
-0.3
4.8
-205.0
-2.5
-6.5
0.0
-145.4
-2.6
-2.4
3.5
-52.2
-1.9
1.5
7.3
-36.3
-0.6
-2.5
17.0
-171.1
0.1
-1.7
7.5
114.7
-1.2
11.7
7.3
-14.8
-4.9
-2.3
3.9
-25.9
-0.4
-2.7
14.0
-40.3
1.0
-8.3
30.9
-64.4
1.9
3.5
19.1
19
20
21
22
23
24
-0.5
-16.3
-0.3
-8.6
0.8
15.0
0.7
11.9
1.7
15.0
0.5
5.5
0.5
7.2
0.9
3.1
2.9
14.6
1.8
24.5
1.2
17.9
23
24
25
26
-2.4
-3.7
2.8
-0.5
-4.6
0.2
-2.5
-1.2
-2.8
-2.9
-2.4
-1.1
-2.5
-1.0
-2.7
-1.5
-2.8
-1.8
-3.0
-2.5
-2.8
-6.0
25
26
27
28
2.4
415.3
-110.8
186.9
-96.9
165.3
-100.5
132.2
57.6
132.4
-38.4
105.6
-60.7
142.4
-148.5
138.8
100.0
88.9
216.3
158.3
62.4
143.7
27
28
29
30
31
ABS issuers
Finance companies
REITs
-371.0
-52.6
-28.0
-297.0
-57.6
-6.3
-219.2
-32.3
0.2
-205.4
-26.7
6.1
-133.5
-22.5
12.0
-215.7
-20.7
7.0
-152.7
-26.1
11.6
-166.4
-29.3
2.4
-171.5
-10.6
12.5
-142.1
-22.0
20.0
-53.9
-28.1
12.9
29
30
31
Flows
2009
56
1
2
3
4
Flows
5
6
7
8
Net borrowing
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
Net change in assets
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
-213.9
-354.2
-255.3
-250.1
-75.7
-326.4
-101.5
-205.9
-102.8
96.2
-90.3
-159.9
-12.4
-41.5
-365.6
-6.8
18.1
-229.1
-3.4
-22.8
-237.9
-0.5
-11.7
-74.6
0.3
-1.3
-312.9
0.1
-13.6
-94.3
-1.0
-6.3
-191.9
-1.2
-12.7
-102.1
0.7
-1.4
88.6
0.8
6.9
-93.1
0.9
1.9
2
3
4
-213.9
-354.2
-255.3
-250.1
-75.7
-326.4
-101.5
-205.9
-102.8
96.2
-90.3
-8.0
-2.5
-0.4
-8.0
-0.9
1.5
-8.0
-0.6
0.2
-8.0
-0.6
0.2
-8.0
-0.6
0.4
-8.0
-0.6
0.2
-8.0
-0.6
0.5
-8.0
-0.6
0.1
-8.0
-0.6
0.5
-8.0
-0.6
0.5
-8.0
-0.6
0.6
6
7
8
2.5
5.7
5.1
-2.6
-2.3
0.9
-6.0
1.1
0.8
0.5
-4.6
1.2
-12.8
-2.8
1.4
2.7
4.4
-3.1
-1.8
-2.4
-0.8
4.6
9
10
9
10
11
12
13
14
-191.1
-6.0
-0.3
4.8
-104.7
0.1
-2.5
0.0
-77.7
0.3
-2.4
3.5
-52.1
0.5
2.3
7.3
-114.1
-0.4
-1.1
17.0
-154.7
1.0
-0.8
7.5
33.4
0.9
11.9
7.3
-28.3
-0.2
-0.3
3.9
-105.6
-0.8
-3.0
14.0
-135.3
-0.8
-0.6
30.9
-187.3
0.1
-0.5
19.1
11
12
13
14
15
16
17
0.2
0.7
-1.3
0.3
-0.1
-0.2
-0.1
-0.3
0.1
0.5
-0.1
-0.4
0.9
-0.2
-1.1
1.8
-0.2
-0.4
-3.9
-0.2
-0.4
-0.1
-0.2
-0.5
1.1
-0.2
-0.6
2.1
-0.2
-0.9
0.5
-0.2
-2.2
15
16
17
18
19
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
-25.3
402.5
-117.7
175.8
-103.2
148.0
-111.6
105.0
75.4
98.8
-59.6
84.8
-69.5
106.5
-138.1
110.0
110.7
51.4
237.2
123.5
91.6
110.4
18
19
20
21
22
ABS issuers
Finance companies
REITs
-323.5
-50.1
-21.7
-243.6
-53.2
-3.7
-193.2
-19.8
-0.7
-181.4
-12.2
5.5
-134.1
-17.8
8.0
-183.4
-13.0
2.4
-168.0
-1.2
5.4
-134.3
-20.6
7.2
-155.9
-11.3
4.3
-140.9
-17.5
11.1
-105.2
-21.9
9.4
20
21
22
-82.6
-53.3
-0.6
-4.1
-15.1
-9.6
-90.6
-66.3
0.0
-6.4
-8.7
-9.3
-75.0
-60.1
-0.0
-6.0
-4.8
-4.0
-82.9
-70.4
-0.0
-6.5
-3.5
-2.4
-65.8
-56.5
0.1
-2.8
-3.1
-3.6
-88.3
-78.1
0.0
-4.4
-3.9
-1.8
-82.9
-71.9
-0.1
-6.1
-2.9
-1.9
-86.0
-74.0
0.1
-6.7
-3.1
-2.3
-70.2
-56.7
-0.1
-6.0
-4.7
-2.8
-61.8
-56.5
0.4
0.0
-2.4
-3.3
-45.1
-38.8
0.1
1.7
-2.1
-5.9
23
24
25
26
27
28
23
24
25
26
27
28
Memo:
Home equity loans included above (2)
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Credit unions
ABS issuers
Finance companies
6.5
-4.9
5.7
22.6
38.2
30.6
42.6
13.7
44.6
43.4
51.1
2
3
0.2
4.5
-0.3
-5.5
0.3
5.5
1.2
22.5
1.8
34.4
1.6
29.7
2.1
39.8
-0.3
-5.0
2.4
45.7
2.1
40.3
3.0
56.5
2
3
4
5
Federal government
REITs
0.0
1.8
0.0
0.8
0.0
-0.1
0.0
-1.1
0.0
2.0
0.0
-0.7
0.0
0.7
0.0
18.9
0.0
-3.5
0.0
1.0
0.0
-8.4
4
5
6.5
-4.9
5.7
22.6
38.2
30.6
42.6
13.7
44.6
43.4
51.1
0.0
-0.1
-0.4
0.0
-0.0
1.5
0.0
0.0
0.2
0.0
0.0
0.2
0.0
0.0
0.4
0.0
0.0
0.2
0.0
0.0
0.4
0.0
0.0
0.1
0.0
0.0
0.5
0.0
0.0
0.5
0.0
-0.0
0.5
7
8
9
2.0
0.1
4.0
-0.3
-1.8
-0.3
-4.7
-0.3
0.6
0.0
-3.5
-0.8
-9.9
0.0
1.1
-0.4
3.4
-0.0
-1.4
-0.6
-0.6
1.1
10
11
7
8
9
Net borrowing
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
10
11
12
13
-9.0
-0.4
-12.2
-0.5
-6.6
-0.6
5.0
-1.5
30.6
-0.4
7.1
0.1
20.6
-0.1
12.7
-0.5
29.5
-1.6
33.8
0.7
46.6
0.0
12
13
14
15
16
-3.2
0.3
-1.1
-1.3
0.4
-0.2
2.1
-0.3
0.1
1.7
-0.3
-0.4
2.0
-0.3
-0.9
1.8
-0.3
-0.3
0.2
-0.3
-0.3
-0.5
-0.4
-0.4
2.3
-0.4
-0.5
4.5
-0.4
-0.8
1.7
-0.3
-1.8
14
15
16
17
18
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
14.2
13.0
2.0
11.3
2.8
19.4
6.2
27.0
-21.9
33.7
16.6
21.0
3.6
36.2
-14.1
29.1
-15.4
37.7
-25.1
34.8
-33.2
33.2
17
18
19
20
21
ABS issuers
Finance companies
REITs
-6.1
-0.7
-2.0
-8.6
-0.7
-0.4
-7.7
-1.5
-0.2
-9.6
-0.8
0.1
-5.6
-0.8
0.8
-10.1
-1.0
0.0
-7.2
-0.9
0.4
-13.8
-0.4
1.3
-11.2
-2.2
2.5
-2.1
-0.1
-0.5
4.7
-0.6
-0.3
19
20
21
57
2011
2012
2013
2012
Q3
1
2
3
4
5
6
7
8
9
Net borrowing
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
REITs
Net change in assets
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
2013
Q4
Q1
Q2
Q3
Q4
-96.9
-160.3
-81.9
-33.5
60.8
-55.2
62.9
-36.8
66.2
78.7
135.2
-6.8
-120.1
28.4
1.6
-11.4
-114.2
-34.0
-0.6
-6.4
-58.3
-26.4
9.2
-2.8
-12.4
-35.0
16.7
4.2
24.0
36.9
-4.3
-4.1
-33.6
-30.3
12.8
3.9
33.3
11.5
14.2
-2.5
-30.0
-7.4
3.2
4.6
37.5
37.0
-12.9
7.7
6.7
64.7
-0.4
7.1
81.8
53.3
-7.1
2
3
4
5
-96.9
-160.3
-81.9
-33.5
60.8
-55.2
62.9
-36.8
66.2
78.7
135.2
-0.7
-1.6
-0.3
-1.1
-0.6
1.1
-0.6
0.1
0.1
-0.3
0.1
0.2
0.4
0.1
0.3
-0.4
0.1
0.1
0.4
0.1
0.4
-0.2
0.1
0.1
0.5
0.1
0.4
0.8
0.1
0.4
0.7
0.1
0.4
7
8
9
0.4
6.4
0.8
-3.7
-0.4
3.2
-0.9
0.8
0.1
3.9
-0.7
1.5
-2.0
-1.5
0.2
5.3
0.7
2.5
-0.3
6.5
-0.1
1.2
10
11
10
11
12
13
14
-36.8
0.1
-0.0
-95.1
-2.1
-4.0
-62.9
-2.3
-0.1
-11.9
-0.9
-0.8
41.1
0.2
-1.4
-29.7
-1.0
-0.9
54.3
-2.1
-0.2
-5.3
-4.1
-2.1
44.4
2.0
0.3
55.4
1.1
-7.7
70.0
1.8
4.0
12
13
14
15
16
-0.5
-11.5
-0.3
-6.8
0.8
12.3
0.7
9.8
1.7
12.1
0.5
2.0
0.5
11.0
0.9
3.7
2.9
11.2
1.8
18.0
1.2
15.6
15
16
17
18
-3.4
-1.2
2.5
-0.2
-4.0
0.1
-2.2
-0.4
-2.3
-1.0
-1.9
-0.4
-1.9
-0.3
-2.2
-0.5
-2.2
-0.6
-2.4
-0.9
-2.4
-2.0
17
18
19
20
0.0
-41.4
0.0
-44.9
0.0
-18.3
0.0
-14.4
0.0
6.2
0.0
-22.3
0.0
22.6
0.0
-18.3
0.0
-4.4
0.0
1.0
0.0
46.5
19
20
21
22
Finance companies
REITs
-1.9
-4.3
-3.7
-2.3
-11.0
1.1
-13.8
0.5
-3.8
3.2
-6.7
4.6
-24.0
5.8
-8.3
-6.0
2.9
5.7
-4.3
9.5
-5.6
3.8
21
22
Net borrowing
Nonfinancial corporate business
Nonfinancial noncorporate business
Net change in assets
5
6
Household sector
Nonfinancial noncorporate business
7
8
11.3
8.1
13.1
5.8
8.0
5.8
5.8
7.9
8.0
8.1
8.1
4.1
7.2
3.2
4.9
4.5
8.6
2.2
3.6
1.5
6.5
1.9
3.9
1.1
4.7
1.4
6.5
1.4
6.6
1.6
6.5
1.5
6.6
2
3
11.3
8.1
13.1
5.8
8.0
5.8
5.8
7.9
8.0
8.1
8.1
5.8
-0.0
-3.2
0.1
9.1
0.0
-6.3
0.0
-1.7
0.0
-4.9
0.0
-5.5
0.0
-1.2
0.0
-2.6
0.0
-2.1
0.0
-0.9
0.0
5
6
0.0
0.4
0.1
0.4
-0.0
0.3
-0.1
0.1
0.0
-0.3
-0.0
0.0
-0.1
0.0
0.0
-0.4
0.0
0.2
-0.0
0.2
-0.0
-1.3
7
8
9
10
-6.4
-0.0
7.0
0.0
1.8
-0.0
6.9
0.0
6.0
-0.0
6.3
-0.0
6.3
0.1
6.1
-0.1
5.7
-0.0
5.9
0.0
6.3
-0.0
9
10
11
12
-1.7
0.0
-0.9
0.0
0.6
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
11
12
13
14
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
13.5
-0.2
4.9
-0.2
3.5
-2.1
4.9
0.3
4.2
-0.1
4.7
-0.2
5.3
-0.3
3.7
-0.2
4.7
-0.1
4.2
-0.1
4.0
0.0
13
14
Flows
2009
58
Flows
2009
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
-103.7
-25.3
108.9
169.4
174.3
136.3
186.9
180.5
171.3
179.1
166.3
-103.7
-25.3
108.9
169.4
174.3
136.3
186.9
180.5
171.3
179.1
166.3
-5.8
-2.2
0.0
-10.4
-11.4
0.0
-3.9
2.3
0.0
-7.4
0.0
0.0
-5.4
-5.4
0.0
-13.6
-1.9
0.0
-1.8
-19.9
0.0
-8.6
8.2
0.0
-4.5
-2.3
0.0
-4.7
-8.4
0.0
-3.7
-19.3
0.0
3
4
5
3
4
5
6
7
8
87.9
-64.5
0.9
133.1
-70.3
-10.7
128.5
7.1
-3.4
132.1
28.1
20.6
113.1
52.9
21.3
121.1
33.0
10.9
101.3
66.0
29.7
148.2
9.8
26.9
117.2
32.9
18.9
97.7
69.9
25.7
89.2
99.1
13.8
6
7
8
Government-sponsored enterprises
ABS issuers
Finance companies
0.0
-37.8
-82.4
0.0
-42.3
-13.4
0.0
-4.2
-17.4
0.0
3.7
-7.8
0.0
-1.3
-0.8
0.0
-2.4
-11.0
0.0
6.4
5.1
0.0
8.1
-12.1
0.0
-5.8
14.9
0.0
-5.0
4.0
0.0
-2.6
-10.1
9
10
11
-88.0
-58.2
101.0
-58.5
-69.4
-41.0
80.8
4.3
1.8
17.2
99.9
-9.9
3.3
59.8
119.0
-12.8
10.7
66.4
94.3
2.9
3.3
84.3
127.7
-78.9
2.7
41.0
66.0
77.2
13.1
47.6
150.3
-30.5
10.3
80.7
38.7
41.6
3.2
101.7
137.6
-63.3
16.1
35.8
50.8
63.6
12
13
14
15
9
10
11
Memo:
12
13
14
15
(1) Student loans originated under the Federal Family Education Loan Program.
(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program
loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.
(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.
(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and
finance companies (part of line 11). Data begin in 2006:Q1.
(5) Includes student loans before 2006:Q1.
59
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
-12.0
226.5
58.9
175.0
193.5
175.5
111.9
192.1
153.9
273.3
154.6
16.0
21.4
14.0
1.5
-5.4
-0.0
-3.2
-6.4
-9.4
-0.6
-5.2
-82.6
16.8
156.3
30.3
25.2
7.9
118.4
1.7
128.1
9.3
125.5
-1.9
38.1
15.3
138.9
18.4
84.6
-0.2
213.9
10.0
74.9
9.0
3
4
5
6
38.9
-56.2
38.5
6.3
38.4
9.4
39.1
8.0
39.6
23.5
39.2
17.0
39.2
10.2
39.2
1.8
39.3
31.1
39.9
24.8
40.0
36.4
5
6
7
8
6.1
48.9
25.8
-52.0
-32.2
-3.8
6.3
-0.0
-1.9
0.3
-2.2
-2.0
7.4
5.0
-4.5
4.6
7.6
1.0
-5.3
-9.3
-5.3
4.9
7
8
-114.5
166.3
113.2
112.0
178.9
136.6
8.4
176.5
193.6
155.3
190.3
Household sector
3
4
10
11
-31.1
-26.3
105.7
37.0
83.4
5.8
83.5
7.8
140.0
15.4
84.9
5.9
3.2
16.4
158.6
4.8
137.7
17.3
123.5
19.0
140.1
20.4
10
11
12
13
14
-4.6
-21.1
6.6
13.1
-0.7
19.8
2.3
4.8
17.7
8.2
2.6
11.5
9.6
0.1
11.9
7.2
6.2
26.4
4.7
-0.3
-4.7
8.8
-14.1
14.4
8.7
14.4
20.8
14.3
-4.5
2.6
6.4
4.6
9.9
12
13
14
15
16
-3.7
-34.3
0.8
-9.5
3.4
-4.2
4.8
-6.4
7.5
-5.5
9.8
-3.9
-10.0
-1.0
8.1
-4.2
10.4
-15.6
6.8
-6.4
4.8
4.2
15
16
102.5
60.3
-54.2
63.0
14.5
38.9
103.5
15.5
-39.7
118.0
-35.7
17
17
Discrepancy
2
3
Household sector
Rest of the world
4
5
6
7
-95.9
123.6
97.8
188.9
36.0
266.3
172.5
-105.7
71.7
75.1
103.0
38.1
0.0
75.2
0.0
-39.3
0.0
64.9
0.0
35.4
0.0
98.7
0.0
138.4
0.0
16.4
0.0
-21.2
0.0
44.6
0.0
101.9
0.0
2
3
-134.0
-74.1
-59.2
-0.8
48.4
25.7
-5.8
28.5
137.1
58.1
37.3
41.6
124.0
23.6
42.3
58.0
0.6
57.8
-55.9
-1.3
167.6
10.1
128.1
29.3
34.1
-16.6
4.7
46.0
-122.1
26.1
-135.7
-12.5
92.9
150.9
-41.6
-16.4
30.4
24.9
-42.5
48.0
1.2
29.2
-3.7
-24.2
4
5
6
7
-95.9
123.6
97.8
188.9
36.0
266.3
172.5
-105.7
71.7
75.1
103.0
9
10
Household sector
Rest of the world
-74.1
0.0
25.7
0.0
58.1
0.0
23.6
0.0
57.8
0.0
10.1
0.0
-16.6
0.0
26.1
0.0
150.9
0.0
24.9
0.0
29.2
0.0
9
10
11
12
13
-59.2
-0.8
38.1
-5.8
28.5
75.2
37.3
41.6
-39.3
42.3
58.0
64.9
-55.9
-1.3
35.4
128.1
29.3
98.7
4.7
46.0
138.4
-135.7
-12.5
16.4
-41.6
-16.4
-21.2
-42.5
48.0
44.6
-3.7
-24.2
101.9
11
12
13
Flows
2009
60
2010
2011
2012
2013
2012
Q3
1
2
3
Flows
4
5
6
7
2013
Q4
Q1
Q2
Q3
Q4
27.4
14.5
81.2
-11.9
17.6
11.3
24.7
-9.6
23.6
51.3
5.1
1.1
26.3
0.9
13.6
1.3
79.9
0.3
-12.2
0.3
17.3
-0.2
11.5
-0.5
25.2
0.2
-9.8
0.8
22.9
-0.5
51.8
0.5
4.5
2
3
27.4
14.5
81.2
-11.9
17.6
11.3
24.7
-9.6
23.6
51.3
5.1
24.6
0.8
2.1
6.2
4.5
3.8
73.9
4.8
2.4
-26.6
7.4
7.3
6.7
5.9
5.1
-0.3
5.9
5.8
23.6
6.4
-5.3
-19.9
5.3
5.0
18.2
4.2
1.1
41.6
5.2
4.5
-13.3
8.8
9.6
5
6
7
420.6
595.9
485.5
501.2
492.5
541.2
593.1
406.9
430.1
546.3
586.6
2
3
-45.7
156.6
93.0
180.1
77.9
87.0
71.1
126.9
36.2
140.7
105.9
130.4
171.8
116.1
0.8
106.9
-10.4
178.6
94.8
138.2
59.3
139.0
2
3
4
5
215.9
93.7
220.7
102.1
209.3
111.4
203.3
99.9
208.3
107.3
203.9
100.9
208.3
96.8
208.3
90.8
208.3
53.6
208.3
104.8
208.3
179.9
4
5
420.6
595.9
485.5
501.2
492.5
541.2
593.1
406.9
430.1
546.3
586.6
-3.4
19.4
20.6
14.7
-6.2
29.5
-12.1
26.7
-85.5
36.7
-2.6
-3.3
-6.3
7.2
-0.7
8.8
1.2
6.6
1.5
-17.2
3.1
-9.5
1.2
19.2
3.3
-17.9
1.0
-21.8
3.4
-3.3
3.8
-26.0
4.1
2
3
7.3
6.6
10.6
6.7
0.4
16.3
-6.4
7.6
-51.8
23.9
22.0
2
3
5
6
5.3
-7.0
5.6
2.6
-4.4
5.2
3.8
-4.6
9.2
-2.3
17.9
0.9
-8.1
-18.5
30.4
-0.6
-8.1
-6.7
10.7
0.0
3.7
-1.8
5
6
7
8
Finance companies
Brokers and dealers
-2.8
3.2
0.3
-2.1
0.5
-1.1
0.2
0.5
0.0
0.6
-0.6
3.3
0.9
-2.4
0.8
5.4
-0.6
0.1
0.9
0.6
-1.0
-3.5
7
8
30.1
28.2
22.9
13.5
-16.7
16.9
19.9
-3.6
-48.2
10.7
-25.5
-5.8
35.9
1.1
27.1
2.2
20.8
1.5
11.9
3.1
-19.7
8.8
8.1
9.8
10.1
-1.3
-2.4
-1.7
-46.5
9.1
1.7
6.1
-31.7
10
11
-33.5
-8.8
-2.3
1.3
10.5
12.6
-32.0
30.3
-37.4
25.9
23.0
12
9
10
11
12
-69.9
187.1
-53.2
-3.8
-7.8
-11.9
-28.6
33.3
-19.5
-48.5
3.6
-70.4
0.6
186.2
0.9
-51.5
-1.7
-10.3
6.5
-5.5
-2.3
-8.4
-3.6
-23.3
-5.3
38.6
-5.3
-20.9
1.3
-32.4
-16.1
-7.3
10.9
2
3
61
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
307.3
1174.0
1705.7
702.3
1084.7
829.9
816.8
1481.0
1088.7
1152.6
648.3
-4.9
46.5
32.8
2.7
397.3
-50.6
-0.4
807.7
34.5
0.6
305.0
9.8
2.1
271.6
7.1
1.7
480.8
8.5
-14.3
-47.0
-15.6
4.1
186.6
6.9
7.4
199.1
4.9
-3.7
192.6
27.5
0.4
507.9
-10.8
2
3
4
293.0
97.0
-269.5
269.3
110.7
379.7
287.0
122.1
414.1
151.0
93.7
21.5
287.2
102.0
167.6
210.1
67.2
5.2
113.1
123.1
319.2
186.5
100.1
28.7
267.0
86.1
912.2
348.8
462.3
-176.4
346.4
-240.6
-62.6
5
6
7
8
9
10
11
12
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
6.1
257.8
-142.3
4.3
14.7
29.2
198.5
-18.1
-5.9
-8.3
-26.7
50.8
37.3
-3.9
1.3
2.0
111.5
-38.1
-2.0
0.3
9.9
11.4
-28.5
-3.0
-3.9
-24.5
222.8
17.1
5.2
-1.8
24.3
-38.8
-53.0
-7.2
1.8
62.7
165.7
71.3
-3.6
12.8
-43.0
-134.8
-26.6
0.3
-2.5
-15.6
-140.4
-139.3
-3.1
-9.0
35.3
155.1
-19.2
-5.6
-16.8
8
9
10
11
12
13
14
-2.6
66.7
9.2
46.0
33.1
50.4
4.4
38.2
5.8
21.2
5.0
92.1
20.9
17.9
-25.5
32.3
23.5
5.2
4.9
29.3
20.4
18.1
13
14
15
16
17
Government-sponsored enterprises
Finance companies
REITs
62.3
-91.2
-13.8
-42.2
-58.9
14.9
-49.2
-13.0
8.5
-6.1
-25.5
17.0
-8.8
-25.9
-20.4
-15.3
-150.9
90.5
-2.9
112.9
-44.9
-16.7
-10.9
-16.5
7.7
-1.2
2.1
-8.9
-112.7
-58.5
-17.1
21.3
-8.8
15
16
17
18
19
20
18.4
-25.6
-42.3
22.2
-68.2
-53.6
-8.6
-36.8
-2.4
0.3
-66.0
84.9
46.1
222.2
21.1
46.3
-245.6
15.4
-204.8
37.4
474.6
278.7
336.0
81.7
-81.5
-88.0
-49.2
60.1
606.2
88.6
-72.9
34.7
-36.8
18
19
20
412.7
955.4
1303.2
1041.6
1600.2
495.3
1490.7
2043.4
2331.9
1297.2
728.3
21
2
3
4
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
5
6
7
21
22
23
24
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
34.9
104.5
-92.5
8.3
518.5
104.8
70.7
428.1
7.5
-5.1
727.9
44.7
27.2
720.9
53.6
-6.7
639.8
37.8
44.1
663.7
78.9
-5.8
721.2
12.8
8.9
711.0
61.1
26.0
811.5
67.7
79.5
639.8
73.0
22
23
24
25
26
27
25.2
35.4
166.5
-22.5
-3.5
323.5
-3.2
1.9
251.2
-5.5
-1.0
31.7
0.7
7.6
-161.8
-4.1
0.1
-272.6
-11.6
0.5
441.5
1.2
2.7
-201.1
4.0
-11.6
644.3
-1.6
15.3
-551.6
-0.7
24.0
-538.9
25
26
27
28
29
30
31
32
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
-493.8
12.1
-4.4
-4.5
0.2
7.8
-84.7
-15.3
4.5
41.1
142.9
-68.2
15.0
0.8
-12.1
-27.6
-21.9
-0.3
0.2
0.8
32.3
-33.9
13.0
8.0
1.0
-1.0
-50.0
34.8
-10.4
-3.4
48.5
-260.9
-41.4
-5.0
3.7
76.6
-3.3
35.8
1.8
-8.5
31.6
235.5
31.1
23.9
41.5
-2.6
-206.0
-15.1
11.1
-44.7
23.5
-161.6
0.4
-4.6
15.9
28
29
30
31
32
33
34
16.3
-21.4
-22.2
-5.7
-1.0
55.7
-2.6
49.7
22.0
-11.7
-3.0
55.7
6.7
128.2
16.4
-31.8
30.8
-51.4
17.4
34.6
23.5
1.6
33
34
35
36
37
191.4
284.5
77.5
5.8
285.3
85.9
52.2
295.8
90.0
53.5
151.3
88.6
67.1
301.3
88.6
40.8
213.9
88.8
119.9
114.8
88.6
25.2
188.1
88.6
69.1
279.7
88.6
65.1
371.5
495.4
109.2
365.9
-318.3
35
36
37
38
39
-8.3
-5.1
-3.4
-12.0
-0.8
2.9
6.1
-33.1
2.8
44.4
-7.9
18.9
100.2
71.4
-21.2
44.9
15.7
3.4
-46.8
129.5
63.6
-0.0
38
39
40
41
42
Government-sponsored enterprises
Finance companies
REITs
1.2
28.4
-8.5
29.3
-103.7
7.4
-0.1
6.1
13.3
4.1
-25.7
22.5
13.0
-18.8
4.8
14.7
-89.6
34.0
51.8
57.1
27.5
61.3
-45.2
32.8
-0.8
-14.7
46.4
-3.5
-99.5
-79.2
-5.0
84.3
19.4
40
41
42
43
44
45
54.9
85.4
-67.2
-104.2
-31.2
-58.4
-101.7
36.5
19.6
-61.4
37.4
7.2
156.9
248.4
12.5
-186.0
-67.4
17.8
-445.1
166.8
40.7
557.2
365.3
128.3
284.2
-175.0
-25.2
-104.1
465.7
-58.7
-109.6
337.5
5.8
43
44
45
-105.4
218.6
402.5
-339.3
-515.5
334.6
-673.9
-562.3
-1243.2
-144.7
-80.0
46
46
Discrepancy
Flows
2009
62
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
Flows
310.4
34.6
227.4
48.3
269.7
-0.8
16.3
1.6
11.0
12.5
301.1
40.6
302.5
-42.0
303.3
2.7
-22.2
1.9
6.8
8.7
409.0
64.7
326.5
17.8
399.8
-5.7
-1.0
3.0
9.0
3.9
388.3
34.6
332.7
21.0
365.8
-0.9
-2.6
3.6
11.3
11.2
373.1
31.9
348.9
-7.7
323.4
9.9
22.0
-1.9
7.0
12.8
374.5
49.6
319.1
5.8
355.3
-5.1
-3.0
2.3
11.1
13.8
381.7
12.2
363.6
5.9
364.7
-1.2
6.7
7.3
-2.3
6.4
336.5
-3.4
319.0
20.9
294.8
0.6
16.4
1.9
8.2
14.5
388.0
22.7
349.0
16.3
372.1
-21.7
30.8
-1.9
-0.6
9.3
383.3
54.3
367.5
-38.6
306.2
34.3
17.4
-1.3
12.3
14.4
384.8
54.1
360.2
-29.5
320.4
26.3
23.5
-6.3
8.0
12.9
1
2
3
4
5
6
7
8
9
10
104.6
0.1
16.6
2.4
11.1
12.8
2.1
0.6
150.4
126.8
21.7
2.0
157.0
0.3
12.4
2.8
6.3
13.2
13.2
0.6
205.9
140.5
62.7
2.7
195.2
0.1
27.2
-2.1
-9.1
7.5
10.8
0.6
230.2
98.5
80.9
50.9
165.1
0.6
-2.4
-5.7
2.5
-2.2
8.0
0.6
166.4
59.6
105.7
1.0
133.1
-0.1
5.3
4.6
6.7
1.1
4.8
0.6
156.1
81.6
94.1
-19.6
135.5
-0.1
5.6
-1.9
8.2
1.8
5.6
0.6
155.4
34.6
111.3
9.5
173.2
0.6
4.4
-23.4
2.1
-3.7
15.2
0.6
169.2
144.3
113.2
-88.4
91.0
-0.1
7.7
6.6
6.0
-3.8
6.5
0.6
114.5
52.4
102.4
-40.2
142.0
-0.1
2.2
-0.2
11.1
2.5
4.1
0.6
162.2
42.1
127.7
-7.6
159.1
0.0
7.4
3.1
1.7
0.4
4.3
0.6
176.7
143.4
55.9
-22.5
140.2
-0.2
3.9
8.8
8.1
5.3
4.2
0.6
171.0
88.6
90.6
-8.1
11
12
13
14
15
16
17
18
19
20
21
22
1.7
1.7
2.3
2.3
2.6
2.6
2.4
2.4
3.9
3.9
1.0
1.0
0.3
0.3
0.1
0.1
8.3
8.3
0.1
0.1
7.2
7.2
23
24
4.6
4.6
0.9
0.9
0.4
0.4
0.5
0.5
0.1
0.1
0.1
0.1
-0.0
-0.0
0.8
0.8
-0.3
-0.3
-0.2
-0.2
0.3
0.3
25
26
0.0
0.0
-0.0
0.0
0.7
-0.4
-0.3
-2.7
0.1
0.4
0.0
-3.0
-0.2
-0.0
-5.9
-0.0
0.3
0.0
-6.1
0.7
-0.8
-1.8
0.0
0.2
0.0
-2.2
0.1
0.1
0.5
0.0
0.6
0.0
-0.5
0.2
0.1
-1.5
0.0
0.4
0.0
-1.8
-0.1
0.0
-0.0
-0.0
0.2
0.0
-0.4
0.0
0.2
-3.6
0.3
-0.2
0.0
-3.4
0.2
-0.4
1.1
-0.2
1.1
0.0
0.1
0.1
0.1
-0.6
-0.1
1.0
0.0
-2.3
0.1
0.6
5.0
0.1
0.5
0.0
3.7
0.4
0.3
27
28
29
30
31
32
33
166.8
0.0
9.3
-23.3
-173.1
23.5
3.1
33.4
0.0
22.2
-39.5
-24.3
10.6
2.4
76.1
0.0
9.3
-20.3
-13.0
30.6
82.7
101.2
4.3
10.3
-0.5
49.3
-51.5
113.1
66.3
-7.7
3.4
-0.6
47.2
-29.0
79.6
136.6
5.3
13.0
-1.3
5.5
-48.7
110.2
71.8
1.8
1.7
28.6
51.3
-156.9
-1.8
110.7
-22.9
0.9
-5.5
-84.7
89.8
88.2
-100.8
-0.0
-0.6
5.1
71.3
-146.0
-171.0
70.4
-7.1
21.2
0.9
-157.2
106.5
34.7
185.1
-0.7
-8.1
-2.9
359.5
-166.4
366.5
34
35
36
37
38
39
40
-9.3
-9.3
26.7
26.7
8.4
8.4
-0.4
-0.4
-0.4
-0.4
-1.0
-1.0
20.9
20.9
-4.0
-4.0
3.7
3.7
0.6
0.6
-2.1
-2.1
41
42
-73.5
6.3
-67.2
-31.5
-26.9
-58.4
-33.7
53.4
19.6
-11.8
19.0
7.2
-3.1
15.6
12.5
-42.3
60.1
17.8
32.3
8.4
40.7
67.7
60.6
128.3
-3.4
-21.8
-25.2
-96.3
37.6
-58.7
19.6
-13.9
5.8
43
44
45
2.4
1.2
1.2
7.9
4.0
4.0
1.4
0.7
0.7
0.1
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
46
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
(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.
(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
63
2010
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
-543.3
0.2
-543.5
-10.1
0.1
-10.2
99.7
-0.1
99.7
-91.0
-0.1
-90.9
-8.6
-0.0
-8.6
-61.6
0.1
-61.7
-14.9
-0.3
-14.6
-3.8
-0.5
-3.3
-25.3
0.2
-25.5
-4.6
0.1
-4.7
-0.9
0.1
-1.0
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
0.4
0.4
-1.5
-1.5
-1.8
-1.8
1.2
1.2
-2.6
-2.6
-2.1
-2.1
4.8
4.8
-1.4
-1.4
-5.6
-5.6
-6.1
-6.1
2.5
2.5
6
7
-4.9
-4.9
2.7
2.7
-0.4
-0.4
0.6
0.6
2.1
2.1
1.7
1.7
-14.3
-14.3
4.1
4.1
7.4
7.4
-3.7
-3.7
0.4
0.4
8
9
8.4
9.7
-1.1
-0.1
17.1
17.0
0.4
-0.4
14.8
15.6
-1.8
0.9
-1.8
-2.4
0.4
0.3
2.0
1.1
0.1
0.7
19.0
16.0
1.4
1.6
-10.8
-3.6
-2.3
-5.0
-5.8
-8.2
1.2
1.2
-1.2
0.2
-1.5
0.1
14.4
12.9
0.2
1.4
0.6
-0.3
0.7
0.2
10
11
12
13
8.4
17.1
14.8
-1.8
2.0
19.0
-10.8
-5.8
-1.2
14.4
0.6
14
4
5
6
7
8
9
10
11
12
13
14
15
-5.0
6.3
35.2
5.8
8.9
1.6
42.5
-9.2
23.8
8.8
12.2
15
16
17
18
8.7
-4.0
-9.8
-35.2
11.9
29.7
36.7
10.0
-11.6
-16.7
7.4
15.1
13.0
1.2
-5.3
-19.0
5.8
14.9
1.7
21.6
19.2
4.6
-6.2
-7.6
19.6
7.3
-3.1
12.7
1.3
-5.1
15.1
2.4
-5.3
16
17
18
80.0
80.0
-7.1
-7.1
17.7
17.7
7.6
7.6
4.3
4.3
13.1
13.1
19.0
19.0
1.7
1.7
-0.3
-0.3
13.7
13.7
2.0
2.0
19
20
-8.4
-8.4
15.4
15.4
3.0
3.0
-2.0
-2.0
-1.0
-1.0
-0.7
-0.7
-2.5
-2.5
0.8
0.8
0.4
0.4
-1.1
-1.1
-3.9
-3.9
21
22
-30.2
-30.2
-123.5
-123.5
-74.6
-74.6
-79.2
-79.2
94.0
94.0
-198.4
-198.4
-309.3
-309.3
236.2
236.2
298.3
298.3
-43.6
-43.6
-114.8
-114.8
23
24
61.9
61.9
65.7
65.7
70.8
70.8
40.4
40.4
98.2
98.2
45.8
45.8
-86.5
-86.5
229.9
229.9
-272.6
-272.6
-110.3
-110.3
545.9
545.9
25
26
16.6
16.6
22.5
22.5
18.5
18.5
13.3
13.3
12.2
12.2
-6.7
-6.7
53.3
53.3
-4.5
-4.5
-9.5
-9.5
-1.1
-1.1
63.8
63.8
27
28
21
22
23
24
25
26
27
28
29
30
31
82.7
293.0
15.6
-14.9
269.3
20.2
-12.5
287.0
19.2
50.1
151.0
48.2
54.9
287.2
-9.7
14.7
210.1
43.0
99.4
113.1
175.1
49.0
186.5
-141.3
36.4
267.0
361.1
50.3
348.8
605.7
84.1
346.4
-864.1
29
30
31
32
33
34
82.7
293.0
15.6
-14.9
269.3
20.2
-12.5
287.0
19.2
50.1
151.0
48.2
54.9
287.2
-9.7
14.7
210.1
43.0
99.4
113.1
175.1
49.0
186.5
-141.3
36.4
267.0
361.1
50.3
348.8
605.7
84.1
346.4
-864.1
32
33
34
(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.
(3) Assets of the household sector.
Flows
64
2010
2011
2012
2013
2012
Q3
Flows
2013
Q4
Q1
Q2
Q3
Q4
-55.6
425.9
480.9
-117.6
-82.6
93.7
137.0
278.1
41.9
-254.6
-364.3
-132.4
32.6
239.7
-50.9
622.0
34.4
91.8
9.2
84.5
7.2
331.3
8.6
-317.1
-16.2
45.9
7.0
20.4
4.9
-15.7
27.5
287.5
-10.6
2
3
Federal government
Rest of the world
2.9
-61.7
2.4
75.8
13.6
-127.8
-8.3
-226.8
1.3
-171.8
-14.9
-260.0
-18.7
109.1
16.1
-393.9
7.0
687.1
-32.0
-661.6
13.9
-287.3
4
5
6
7
8
9
10
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
1.5
91.1
-85.1
4.3
14.7
28.3
165.1
0.9
-5.9
-8.3
-27.1
-25.4
43.9
-3.9
1.3
1.5
10.3
-23.9
-2.0
0.3
9.7
-54.9
-30.6
-3.0
-3.9
-24.6
86.2
53.7
5.2
-1.8
24.3
-110.6
-89.5
-7.2
1.8
61.8
55.0
-4.1
-3.6
12.8
-42.7
-33.9
-25.2
0.3
-2.5
-15.4
-210.8
-50.4
-3.1
-9.0
35.1
-30.0
-42.8
-5.6
-16.8
6
7
8
9
10
11
12
13
14
-42.1
61.9
-71.5
-13.8
7.4
-37.9
-59.3
14.9
17.7
-41.4
-8.5
8.5
19.6
-5.4
-22.5
17.0
4.9
-6.6
-25.9
-20.4
38.8
-11.7
-150.5
90.5
5.9
-7.7
67.1
-44.9
29.6
-11.8
2.4
-16.5
-3.8
12.2
-12.5
2.1
-21.7
-2.3
-114.6
-58.5
15.4
-24.5
20.9
-8.8
11
12
13
14
15
16
17
183.1
-25.6
-15.1
60.2
-68.2
61.4
-59.8
-36.8
70.2
-76.0
-66.0
163.5
-21.5
222.2
-73.5
-24.9
-245.6
213.2
-279.7
37.4
783.3
296.3
336.0
-155.0
-135.1
-88.0
-348.0
175.4
606.2
131.7
-422.8
34.7
77.4
15
16
17
2
3
4
5
18
49.8
207.3
78.4
221.6
432.8
-241.0
811.0
840.5
1285.1
-109.9
-284.3
18
-152.0
-82.7
176.5
74.7
10.0
18.8
355.1
29.5
396.7
58.3
279.7
22.5
256.6
59.5
436.3
20.6
328.1
63.1
503.4
71.8
318.9
77.8
19
20
25.2
32.3
-22.5
-9.8
-3.2
-1.3
-5.5
-3.5
0.7
3.7
-4.1
-0.9
-11.6
0.4
1.2
3.1
4.0
-20.2
-1.6
15.1
-0.7
16.7
21
22
23
16.1
117.7
21.0
-134.8
-318.0
-428.0
272.3
-315.6
482.0
-728.3
-709.9
23
24
25
26
27
28
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
49.6
7.2
-4.4
-4.5
0.6
18.0
-83.7
-15.3
4.5
41.3
43.1
-54.9
15.0
0.8
-12.8
63.4
-20.4
-0.3
0.2
0.7
40.9
-40.8
13.0
8.0
0.8
60.7
-41.1
34.8
-10.4
-3.3
63.1
-264.1
-41.4
-5.0
3.7
79.9
0.1
35.8
1.8
-8.7
57.1
262.9
31.1
23.9
41.4
2.1
-231.8
-15.1
11.1
-44.8
24.5
-194.3
0.4
-4.6
15.5
24
25
26
27
28
29
30
31
-17.8
37.1
-8.5
-10.2
12.3
16.1
53.9
44.1
8.8
45.5
-2.2
0.3
-12.0
8.9
14.1
51.7
13.7
3.8
135.0
4.0
1.7
-37.3
-26.2
1.5
-57.0
32.6
12.7
39.0
2.2
22.7
7.2
27.0
19.5
29
30
31
32
33
-8.3
-5.1
-3.4
-12.0
-0.8
2.9
6.1
-33.1
2.8
44.4
-7.9
18.9
100.2
71.4
-21.2
44.9
15.7
3.4
-46.8
129.5
63.6
-0.0
32
33
34
35
36
Government-sponsored enterprises
Finance companies
REITs
1.2
17.4
-8.5
29.3
-110.5
7.4
-0.1
-2.9
13.3
4.1
-36.9
22.5
13.0
-25.7
4.8
14.7
-100.7
34.0
51.8
59.4
27.5
61.3
-53.4
32.8
-0.8
-14.1
46.4
-3.5
-111.7
-79.2
-5.0
76.3
19.4
34
35
36
37
38
72.6
82.3
10.6
-33.6
-31.0
-46.2
6.5
-75.6
50.2
168.8
-1.3
-177.6
-142.3
168.6
306.5
277.1
-23.3
-4.0
-74.9
431.0
-7.6
-29.0
37
38
-105.4
218.6
402.5
-339.3
-515.5
334.6
-673.9
-562.3
-1243.2
-144.7
-80.0
39
19
20
21
22
39
Discrepancy
65
2011
2012
2013
2012
Q3
All sectors
2013
Q4
Q1
Q2
Q3
Q4
190.2
137.7
299.5
-330.2
-423.1
83.6
-757.6
-567.1
-982.7
-298.7
187.8
-186.2
-125.4
-533.7
287.4
-738.0
853.0
-385.4
110.3
-403.5
98.6
-129.5
99.6
-446.9
168.0
-1140.5
88.1
-298.4
120.5
249.3
-85.0
-424.2
270.7
2
3
62.9
-61.9
0.9
-54.5
64.5
-16.2
-30.5
-87.5
23.7
-114.6
-31.5
-440.2
-15.3
-67.6
-3.3
202.1
-3.5
-516.4
78.4
-179.0
23.1
34.7
4
5
150.8
17.3
-91.9
-13.9
167.6
311.7
-177.1
277.0
158.0
122.7
144.2
Financial sectors
350.0
420.3
228.0
76.8
-194.8
273.6
-218.7
9.5
-442.9
-485.1
139.3
-6.0
-10.0
-1.2
-18.6
-2.0
-19.5
-6.1
-2.9
-1.5
-1.6
-1.9
2
3
Household sector
Nonfinancial corporate business
4
5
Monetary authority
9
10
11
12
357.1
144.4
6.2
11.5
328.8
-20.0
-0.0
-5.5
161.7
7.8
1.0
-26.2
89.2
-6.1
-0.1
5.8
4.6
-72.4
-0.2
10.1
367.0
-83.2
1.9
13.4
-263.9
58.5
-2.0
-1.3
134.2
19.0
0.1
42.1
-341.6
-17.7
2.3
0.4
-48.4
-216.4
4.3
1.1
274.4
-74.4
-7.3
-3.1
9
10
11
12
13
14
-23.2
-85.3
75.7
-32.3
7.6
-30.5
-18.2
-47.8
-13.3
-21.5
-13.3
-14.7
-58.4
-68.7
-1.1
-28.3
-15.0
-1.3
-26.7
0.6
-10.5
-56.8
13
14
15
16
Mutual funds
Government-sponsored enterprises
-40.7
52.3
-24.9
83.2
-35.3
39.6
-33.2
63.7
-11.0
-119.1
-33.6
-6.1
-31.1
90.5
-19.6
-122.5
-8.3
-80.8
-8.2
-260.9
-8.0
-12.2
15
16
17
18
19
0.0
17.1
-17.1
0.0
16.2
16.1
0.0
42.0
36.1
0.0
61.6
47.9
0.0
15.9
55.3
0.0
84.2
40.3
0.0
42.3
72.0
0.0
16.1
40.6
0.0
6.9
65.7
0.0
9.6
69.0
0.0
31.2
45.9
17
18
19
20
21
-57.2
-9.1
-6.6
-0.3
26.9
-1.5
-65.5
-1.7
-39.0
-2.2
-61.3
-1.4
-48.2
-2.2
-65.8
-2.3
-50.5
-1.4
-5.4
-1.9
-34.4
-3.2
20
21
All types
2
3
Treasury currency
Foreign deposits
4
5
6
7
8
9
Mail floats
State and local governments
Federal government
Private domestic
190.2
137.7
299.5
-330.2
-423.1
83.6
-757.6
-567.1
-982.7
-298.7
187.8
-4.4
-122.5
-1.1
-26.6
-0.7
25.2
-0.6
-7.3
-1.1
47.7
-0.5
108.0
-0.5
-111.9
-0.9
6.9
-0.7
218.3
-2.1
-78.7
-0.8
44.3
2
3
10.3
420.7
23.5
-79.1
1.5
-122.5
11.9
-73.0
44.4
-157.9
19.1
-342.0
-61.6
-27.3
297.3
-454.4
-20.0
-140.1
-211.3
-97.7
111.7
60.4
4
5
-0.3
0.0
0.7
-1.0
-1.1
0.0
0.0
-1.1
0.8
0.0
-0.1
0.9
1.3
0.0
0.6
0.7
-0.7
0.0
0.5
-1.1
3.8
0.0
3.8
0.0
-51.0
0.0
-54.2
3.2
-49.8
0.0
-44.3
-5.5
98.6
0.0
96.2
2.4
5.5
0.0
3.6
1.9
-57.0
0.0
-53.7
-3.3
6
7
8
9
10
11
Trade credit
Taxes payable
102.5
-33.5
60.3
-8.8
-54.2
-2.3
63.0
1.3
14.5
10.5
38.9
12.6
103.5
-32.0
15.5
30.3
-39.7
-37.4
118.0
25.9
-35.7
23.0
10
11
12
Miscellaneous
-105.4
218.6
402.5
-339.3
-515.5
334.6
-673.9
-562.3
-1243.2
-144.7
-80.0
12
13
Nonfinancial
-77.2
-48.0
49.2
12.4
135.0
-91.0
97.1
150.3
181.4
86.3
122.0
13
72.2
5.0
43.1
4.9
-53.6
4.4
-17.0
4.6
-140.3
5.3
86.4
4.6
-101.7
4.7
-155.6
5.3
-186.8
5.3
-91.7
5.3
-127.4
5.4
14
15
14
15
Flows
2009
66
1
2
3
4
5
6
Levels
8
9
10
11
12
13
14
15
Municipal securities
Corporate and foreign bonds
Other loans and advances (2)
Mortgages
Consumer credit (student loans)
16
17
18
19
20
21
22
Security credit
Life insurance reserves
Pension entitlements (4)
Claims of pension fund on sponsor
Funded pension entitlements
23
24
25
26
Total liabilities
Credit market instruments
27
28
29
30
31
32
33
34
35
Security credit
Trade payables
Deferred and unpaid life insurance premiums
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
49308.0
53810.9
55067.9
59457.0
66948.5
58466.9
59457.0
61836.6
62587.4
64424.6
66948.5
8094.8
8060.5
8738.5
9201.1
9447.6
8854.1
9201.1
9205.0
9133.1
9252.3
9447.6
50.2
400.6
6330.8
1313.2
49.7
425.2
6455.9
1129.7
46.9
754.0
6827.7
1109.9
45.1
826.4
7203.3
1126.3
50.8
908.2
7388.5
1100.1
46.4
704.5
7042.3
1060.9
45.1
826.4
7203.3
1126.3
46.5
828.4
7253.7
1076.4
51.3
798.5
7264.6
1018.8
50.2
793.8
7348.3
1060.1
50.8
908.2
7388.5
1100.1
3
4
5
6
5604.1
5874.3
5489.9
5640.7
5652.1
5547.5
5640.7
5598.9
5670.3
5655.5
5652.1
22.7
858.8
359.3
21.1
1131.8
355.6
19.4
719.3
323.1
19.0
961.9
194.7
17.0
944.3
121.4
19.1
891.0
209.5
19.0
961.9
194.7
20.0
986.0
156.1
19.8
1048.9
159.1
19.5
1006.4
157.0
17.0
944.3
121.4
8
9
10
1828.0
2311.8
26.8
108.0
88.8
1871.8
2293.8
26.2
95.6
78.4
1806.9
2427.3
23.4
96.0
74.5
1654.8
2640.9
20.9
81.5
67.1
1617.2
2793.1
25.3
72.2
61.7
1709.9
2542.5
23.1
84.7
67.5
1654.8
2640.9
20.9
81.5
67.1
1669.7
2600.2
22.7
79.1
65.0
1672.3
2605.8
24.0
76.6
63.8
1646.6
2664.7
24.5
74.2
62.6
1617.2
2793.1
25.3
72.2
61.7
11
12
13
14
15
7491.9
4115.8
8996.7
4594.0
9049.9
4449.2
10337.7
5279.4
13864.8
6692.1
10269.3
5124.1
10337.7
5279.4
11632.5
5755.2
11779.5
5946.7
12546.7
6343.0
13864.8
6692.1
16
17
668.6
1109.2
15206.0
3226.8
11979.1
694.3
1137.2
16745.7
3517.7
13228.1
752.4
1203.6
17120.8
3842.9
13278.0
776.0
1186.1
18088.8
3701.3
14387.5
833.8
1232.1
19600.7
3064.9
16535.8
780.2
1180.6
17948.8
3627.6
14321.2
776.0
1186.1
18088.8
3701.3
14387.5
782.6
1194.6
18563.3
3431.4
15131.9
820.3
1200.4
18738.6
3565.9
15172.7
826.5
1217.7
19101.5
3551.6
15549.8
833.8
1232.1
19600.7
3064.9
16535.8
18
19
20
21
22
6216.7
800.9
6900.0
808.2
7384.9
878.8
8073.5
873.6
8724.5
900.8
7899.8
862.6
8073.5
873.6
8232.4
872.2
8424.0
874.4
8600.4
880.9
8724.5
900.8
23
24
14052.0
13775.4
13568.7
13597.9
13755.6
13476.4
13597.9
13542.8
13561.7
13688.5
13755.6
25
13574.2
13198.3
13017.3
12979.6
13105.1
12888.3
12979.6
12920.9
12945.6
13062.3
13105.1
26
10417.3
2553.5
265.4
9907.2
2648.1
263.2
9678.1
2757.0
255.5
9435.2
2924.3
241.0
9371.6
3098.6
227.8
9449.5
2859.4
245.6
9435.2
2924.3
241.0
9387.5
2924.4
239.4
9360.7
2967.7
235.7
9382.4
3038.8
232.4
9371.6
3098.6
227.8
27
28
29
10.2
133.7
194.1
61.0
136.1
182.7
12.4
138.1
176.3
66.3
139.3
173.5
88.0
141.3
177.7
23.1
138.3
172.6
66.3
139.3
173.5
57.3
139.4
172.9
66.7
140.7
174.0
91.9
140.8
176.0
88.0
141.3
177.7
30
31
32
203.0
252.7
22.1
278.2
274.1
24.7
238.9
288.2
24.3
303.7
289.7
24.9
339.2
284.3
27.0
269.1
290.5
28.4
303.7
289.7
24.9
307.9
288.1
25.9
302.6
285.7
27.8
313.7
285.6
26.8
339.2
284.3
27.0
33
34
35
(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. 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 fund shares (line 17), life insurance reserves (line 19) and pension entitlements (line 20).
(4) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes social security.
(5) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 23.
(6) 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 19.
67
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
16909.9
17761.5
18267.6
19320.2
20646.4
19062.7
19320.2
19591.0
19879.1
20263.3
20646.4
2
3
4
5
6
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
Security repurchase agreements
31.5
689.3
842.1
729.2
7.9
40.6
766.1
905.0
574.7
12.1
34.8
793.5
922.1
540.0
12.6
13.4
900.9
951.9
537.1
10.3
56.5
1019.3
1037.1
536.4
9.2
9.4
881.5
939.5
516.0
11.2
13.4
900.9
951.9
537.1
10.3
28.9
941.0
961.1
523.2
9.9
60.2
928.0
979.3
511.6
9.3
63.4
963.9
1018.5
530.5
13.2
56.5
1019.3
1037.1
536.4
9.2
2
3
4
5
6
312.9
325.9
320.2
330.3
296.1
333.0
330.3
290.2
294.2
287.4
296.1
8
9
10
11
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
56.0
89.1
14.3
32.2
68.0
96.1
16.0
29.6
67.9
91.6
14.3
28.0
60.3
99.5
11.7
40.2
40.2
102.4
7.3
32.6
60.4
104.9
16.2
34.0
60.3
99.5
11.7
40.2
56.9
91.0
3.9
26.5
50.9
98.2
6.1
26.8
42.6
98.8
6.2
26.8
40.2
102.4
7.3
32.6
8
9
10
11
12
13
Mortgages
Consumer credit
67.5
53.8
70.1
46.2
70.0
48.5
70.0
48.5
70.7
43.1
69.8
47.8
70.0
48.5
70.0
42.0
70.2
42.0
70.4
42.6
70.7
43.1
12
13
14
15
162.0
2550.2
186.8
2689.2
165.9
2778.4
181.7
2869.7
211.5
3025.0
179.6
2956.8
181.7
2869.7
190.9
2974.6
192.7
3056.4
201.6
3077.8
211.5
3025.0
14
15
16
Miscellaneous assets
11584.8
12261.1
12700.2
13525.0
14455.3
13235.7
13525.0
13671.2
13847.5
14106.9
14455.3
16
17
18
Total liabilities
Credit market instruments
18634.6
18898.8
19616.6
20212.7
20939.7
20040.4
20212.7
20328.1
20482.9
20708.4
20939.7
17
11320.5
11419.8
11966.9
12733.3
13621.8
12449.4
12733.3
12879.6
13140.3
13394.3
13621.8
18
19
20
21
Commercial paper
Municipal securities
Corporate bonds
58.4
452.2
4366.2
82.9
485.4
4804.8
116.3
493.9
5215.6
130.3
509.1
5795.2
143.1
518.5
6435.5
136.0
504.1
5599.7
130.3
509.1
5795.2
140.1
510.4
5940.0
147.2
515.0
6082.7
171.1
516.4
6269.0
143.1
518.5
6435.5
19
20
21
22
23
24
1490.1
1311.1
3642.5
1404.6
1118.9
3523.2
1530.2
1179.7
3431.2
1680.1
1217.4
3401.1
1774.6
1245.1
3505.1
1622.6
1205.0
3382.1
1680.1
1217.4
3401.1
1680.9
1217.2
3391.0
1715.4
1257.1
3422.9
1733.5
1248.2
3456.1
1774.6
1245.1
3505.1
22
23
24
25
26
Trade payables
Taxes payable
1987.6
135.6
2174.2
142.0
2207.3
152.0
2324.9
160.1
2462.3
146.0
2308.2
162.2
2324.9
160.1
2356.5
167.1
2387.7
155.2
2438.6
158.6
2462.3
146.0
25
26
27
Miscellaneous liabilities
5190.8
5162.7
5290.5
4994.4
4709.7
5120.6
4994.4
4924.9
4799.7
4717.0
4709.7
27
(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
Levels
2009
68
Levels
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
13333.8
14033.7
14523.2
15500.8
16731.5
15277.1
15500.8
15765.6
16026.6
16380.8
16731.5
2
3
4
5
6
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
Security repurchase agreements
31.5
155.0
488.8
655.5
7.9
40.6
234.6
548.7
497.8
12.1
34.8
264.3
561.9
462.4
12.6
13.4
357.0
586.6
458.3
10.3
56.5
464.1
661.6
455.4
9.2
9.4
343.4
576.9
437.9
11.2
13.4
357.0
586.6
458.3
10.3
28.9
396.7
594.9
444.2
9.9
60.2
380.5
610.3
432.0
9.3
63.4
412.7
646.3
450.3
13.2
56.5
464.1
661.6
455.4
9.2
2
3
4
5
6
223.7
230.1
223.4
232.1
195.2
235.6
232.1
191.8
195.0
187.4
195.2
8
9
10
11
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
56.0
43.0
14.3
27.1
68.0
48.0
16.0
23.9
67.9
43.0
14.3
22.3
60.3
50.2
11.7
34.4
40.2
51.8
7.3
26.6
60.4
56.0
16.2
28.3
60.3
50.2
11.7
34.4
56.9
41.6
3.9
20.7
50.9
48.4
6.1
21.0
42.6
48.6
6.2
21.0
40.2
51.8
7.3
26.6
8
9
10
11
12
13
Mortgages
Consumer credit
29.5
53.8
28.0
46.2
27.4
48.5
26.9
48.5
26.3
43.1
27.0
47.8
26.9
48.5
26.7
42.0
26.6
42.0
26.5
42.6
26.3
43.1
12
13
14
15
162.0
2053.9
186.8
2155.8
165.9
2239.2
181.7
2322.7
211.5
2462.7
179.6
2414.0
181.7
2322.7
190.9
2426.5
192.7
2504.0
201.6
2520.6
211.5
2462.7
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
9555.5
3245.1
307.1
0.5
71.2
5931.6
10127.0
3402.9
319.0
0.6
60.7
6343.8
10558.6
3795.6
329.0
0.5
69.1
6364.4
11338.8
4136.4
336.5
0.6
68.7
6796.6
12215.4
4399.6
337.7
0.6
68.3
7409.2
11069.1
4095.5
331.1
0.6
63.5
6578.5
11338.8
4136.4
336.5
0.6
68.7
6796.6
11481.7
4170.2
334.9
0.6
67.7
6908.2
11642.7
4234.4
336.8
0.6
68.7
7002.4
11885.3
4341.3
337.1
0.6
68.8
7137.6
12215.4
4399.6
337.7
0.6
68.3
7409.2
16
17
18
19
20
21
12904.6
13227.9
13879.6
14386.3
14960.9
14251.4
14386.3
14495.7
14605.7
14778.0
14960.9
22
22
Total liabilities
23
7336.0
7473.5
7998.4
8685.9
9441.5
8440.9
8685.9
8832.5
9052.6
9263.9
9441.5
23
24
25
26
Commercial paper
Municipal securities (2)
Corporate bonds (1)
58.4
452.2
4366.2
82.9
485.4
4804.8
116.3
493.9
5215.6
130.3
509.1
5795.2
143.1
518.5
6435.5
136.0
504.1
5599.7
130.3
509.1
5795.2
140.1
510.4
5940.0
147.2
515.0
6082.7
171.1
516.4
6269.0
143.1
518.5
6435.5
24
25
26
27
28
29
546.0
1139.1
774.0
480.9
948.3
671.2
549.8
1008.5
614.4
609.5
1036.9
604.8
654.1
1057.9
632.4
574.7
1028.1
598.3
609.5
1036.9
604.8
605.4
1037.1
599.4
621.8
1076.4
609.4
627.8
1066.6
613.0
654.1
1057.9
632.4
27
28
29
30
31
Trade payables
Taxes payable
1590.2
35.7
1746.5
42.9
1771.7
51.7
1890.1
58.3
2018.2
41.0
1875.2
61.2
1890.1
58.3
1917.4
65.0
1946.5
52.3
1994.7
54.7
2018.2
41.0
30
31
32
33
34
35
36
Miscellaneous liabilities
Foreign direct investment in U.S.
Pension fund contributions payable
Claims of pension fund on sponsor
Other
3942.7
1986.4
75.6
497.6
1383.1
3965.0
2128.7
91.1
446.5
1298.7
4057.8
2313.3
94.0
486.6
1163.9
3752.0
2474.4
92.1
440.2
745.3
3460.1
2558.3
91.1
187.7
623.0
3874.2
2460.7
92.7
388.1
932.7
3752.0
2474.4
92.1
440.2
745.3
3680.7
2485.8
92.3
349.7
752.9
3554.3
2507.4
92.4
335.6
618.9
3464.7
2533.3
92.1
265.7
573.6
3460.1
2558.3
91.1
187.7
623.0
32
33
34
35
36
463.7
12512.2
409.3
14371.6
467.5
14500.8
432.6
16107.0
444.5
21363.1
538.8
16366.8
432.6
16107.0
509.0
18149.1
557.5
18383.0
525.9
19569.1
444.5
21363.1
37
38
Memo:
37
38
39
40
5592.4
1743.6
5961.4
1512.1
6323.9
1674.5
6909.1
1776.7
7586.4
1855.2
6702.1
1738.8
6909.1
1776.7
7049.8
1782.7
7207.1
1845.5
7398.4
1865.5
7586.4
1855.2
39
40
41
42
3369.5
1641.1
3301.5
1676.7
3497.9
1649.4
3725.1
1764.0
3914.4
1984.0
3675.2
1719.2
3725.1
1764.0
3765.1
1788.7
3844.3
1811.3
3914.9
1905.9
3914.4
1984.0
41
42
43
44
76.2
23.8
79.8
20.2
79.1
20.9
79.5
20.5
80.4
19.6
79.4
20.6
79.5
20.5
79.8
20.2
79.6
20.4
79.9
20.1
80.4
19.6
43
44
45
48.7
50.8
47.2
47.4
50.7
46.8
47.4
47.5
47.1
48.7
50.7
45
(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) Sum of lines 24, 27, 28, 30, and 31. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
69
2
3
4
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Treasury securities
Municipal securities
Mortgages
Consumer credit
Trade receivables
Miscellaneous assets
Insurance receivables
Equity investment in GSEs (1)
Other
Total liabilities
Credit market instruments
Depository institution loans n.e.c.
Other loans and advances
Mortgages
Trade payables
Taxes payable
Miscellaneous liabilities
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3576.1
3727.8
3744.5
3819.4
3914.9
3785.7
3819.4
3825.4
3852.5
3882.5
3914.9
534.3
353.3
73.7
531.5
356.2
76.8
529.1
360.1
77.7
543.9
365.3
78.8
555.2
375.6
81.0
538.1
362.6
78.2
543.9
365.3
78.8
544.3
366.1
79.0
547.5
369.0
79.6
551.2
372.2
80.3
555.2
375.6
81.0
2
3
4
89.1
95.8
96.8
98.2
100.9
97.5
98.2
98.4
99.2
100.0
100.9
46.1
5.1
37.9
0.0
48.1
5.6
42.1
0.0
48.6
5.7
42.5
0.0
49.3
5.8
43.1
0.0
50.7
5.9
44.3
0.0
48.9
5.7
42.8
0.0
49.3
5.8
43.1
0.0
49.4
5.8
43.2
0.0
49.8
5.8
43.6
0.0
50.2
5.9
43.9
0.0
50.7
5.9
44.3
0.0
6
7
8
9
496.3
2029.3
101.7
6.3
1921.3
533.4
2134.1
131.4
6.7
1996.0
539.2
2141.6
119.8
7.0
2014.8
546.9
2186.3
134.9
7.2
2044.3
562.3
2239.9
129.6
7.8
2102.6
542.8
2166.5
130.1
7.1
2029.4
546.9
2186.3
134.9
7.2
2044.3
548.1
2189.5
133.0
7.1
2049.4
552.5
2204.7
132.2
7.4
2065.2
557.2
2221.7
130.9
7.6
2083.1
562.3
2239.9
129.6
7.8
2102.6
10
11
12
13
14
5730.0
5670.9
5737.0
5826.5
5978.8
5789.0
5826.5
5832.4
5877.2
5930.4
5978.8
15
3984.5
3946.3
3968.5
4047.4
4180.3
4008.5
4047.4
4047.1
4087.7
4130.4
4180.3
16
944.0
172.0
2868.5
923.7
170.6
2852.0
980.4
171.2
2816.8
1070.6
180.6
2796.2
1120.5
187.1
2872.7
1047.8
176.9
2783.8
1070.6
180.6
2796.2
1075.4
180.1
2791.6
1093.5
180.6
2813.5
1105.7
181.6
2843.1
1120.5
187.1
2872.7
17
18
19
397.4
99.9
1248.1
427.7
99.2
1197.7
435.5
100.3
1232.7
434.8
101.9
1242.4
444.1
104.9
1249.6
433.0
101.0
1246.4
434.8
101.9
1242.4
439.0
102.1
1244.2
441.2
103.0
1245.4
443.8
103.9
1252.3
444.1
104.9
1249.6
20
21
22
Levels
2009
70
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2663.0
2750.3
2695.4
2655.3
2702.2
2693.9
2655.3
2675.0
2696.4
2680.1
2702.2
99.1
248.1
104.6
241.3
121.3
255.7
117.7
289.8
125.0
310.7
111.5
282.3
117.7
289.8
115.1
295.2
112.7
296.4
116.4
304.0
125.0
310.7
2
3
4
5
135.6
125.5
149.3
124.2
149.2
117.6
140.4
110.7
141.5
111.6
145.0
114.4
140.4
110.7
140.9
111.1
142.5
112.4
141.8
111.8
141.5
111.6
4
5
1520.6
1581.4
1504.1
1434.8
1403.3
1473.0
1434.8
1434.5
1446.1
1409.5
1403.3
88.5
584.1
488.2
101.4
590.9
510.6
90.6
545.4
497.9
85.3
532.7
468.5
86.0
493.8
472.3
88.1
540.9
484.0
85.3
532.7
468.5
85.6
529.2
470.1
86.6
530.5
475.5
86.2
498.0
473.3
86.0
493.8
472.3
7
8
9
Municipal securities
Corporate and foreign bonds
Mortgages
11.4
156.1
192.3
12.8
163.5
202.2
12.9
159.6
197.8
12.1
150.1
186.1
12.2
151.4
187.6
12.5
155.1
192.3
12.1
150.1
186.1
12.1
150.7
186.8
12.3
152.4
188.9
12.2
151.7
188.0
12.2
151.4
187.6
10
11
12
10
11
12
Levels
2011
2
3
7
8
9
2010
13
14
Corporate equities
Mutual fund shares
111.5
48.3
125.8
58.2
122.6
58.0
129.5
61.5
152.7
73.5
132.5
63.1
129.5
61.5
138.2
66.0
140.9
67.4
145.2
69.6
152.7
73.5
13
14
15
16
17
Trade receivables
Taxes receivable
Miscellaneous assets
139.1
117.1
118.1
152.2
117.8
95.6
154.5
120.0
92.4
162.7
121.3
87.0
172.3
123.8
87.7
161.6
120.6
89.9
162.7
121.3
87.0
165.0
121.8
87.3
167.1
122.6
88.3
170.7
123.4
87.9
172.3
123.8
87.7
15
16
17
4730.6
5055.9
5307.8
5198.0
4824.5
5163.3
5198.0
5032.6
5073.2
4964.9
4824.5
18
18
Total liabilities
19
2968.4
3038.0
2985.3
2980.0
2941.1
2985.3
2980.0
2994.9
2986.4
2953.1
2941.1
19
20
21
22
23
Municipal securities
Short-term (2)
Long-term
U.S. government loans
2954.9
63.6
2891.3
13.5
3023.6
63.0
2960.6
14.4
2970.0
52.3
2917.6
15.3
2964.3
56.1
2908.2
15.7
2924.9
45.3
2879.6
16.2
2969.7
55.7
2914.0
15.6
2964.3
56.1
2908.2
15.7
2978.9
54.5
2924.4
16.0
2970.4
39.4
2931.0
16.0
2937.0
46.0
2891.0
16.1
2924.9
45.3
2879.6
16.2
20
21
22
23
630.5
1131.7
669.0
1348.9
707.4
1615.1
746.5
1471.5
786.1
1097.3
736.7
1441.3
746.5
1471.5
756.3
1281.4
766.2
1320.7
776.1
1235.6
786.1
1097.3
24
25
24
25
Trade payables
Claims of pension fund on sponsor (3)
(1) Data for employee retirement funds are shown in table L.118.
(2) Debt with original maturity of 13 months or less.
(3) Included in miscellaneous liabilities.
71
2
3
4
6
7
8
9
10
11
12
13
14
15
16
17
18
SDR allocations
SDR certificates
Treasury currency
19
20
21
22
23
24
25
26
Trade payables
Insurance reserves
27
28
29
30
Miscellaneous liabilities
Nonmarketable securities held by pension plans (3)
Claims of pension fund on sponsor
Other
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1387.1
1611.5
1404.0
1504.8
1700.7
1481.3
1504.8
1534.3
1607.4
1603.6
1700.7
94.6
193.6
1.9
95.4
342.1
2.0
103.9
84.3
1.7
102.8
92.0
2.0
96.4
162.9
1.5
104.7
83.4
2.1
102.8
92.0
2.0
99.0
79.4
1.6
98.2
135.2
1.8
99.2
88.5
1.9
96.4
162.9
1.5
2
3
4
706.3
793.5
812.7
917.6
1041.4
899.2
917.6
964.7
981.7
1022.5
1041.4
196.4
0.6
177.9
108.4
223.1
149.2
0.9
181.4
105.8
356.2
31.1
0.8
186.3
109.9
484.7
0.0
0.6
188.7
111.5
616.8
0.0
0.6
195.5
115.5
729.8
0.0
0.7
189.4
112.5
596.6
0.0
0.6
188.7
111.5
616.8
0.0
0.6
191.3
113.3
659.5
0.0
0.6
193.4
113.2
674.6
0.0
0.6
194.3
114.1
713.5
0.0
0.6
195.5
115.5
729.8
6
7
8
9
10
67.4
43.6
133.9
145.8
49.9
42.9
144.3
141.4
57.8
47.7
152.8
143.1
39.9
50.3
158.1
142.0
35.1
50.5
163.4
149.6
41.2
52.0
156.8
141.9
39.9
50.3
158.1
142.0
38.6
48.7
159.5
142.7
37.9
52.0
160.8
139.8
35.3
50.6
162.1
143.6
35.1
50.5
163.4
149.6
11
12
13
14
11003.5
12802.1
13988.3
15238.7
16121.3
14895.4
15238.7
15603.9
15615.2
15812.5
16121.3
15
55.4
5.2
26.2
54.4
5.2
25.9
54.2
5.2
25.9
54.3
5.2
25.9
54.4
5.2
25.6
54.5
5.2
25.9
54.3
5.2
25.9
52.9
5.2
25.9
53.1
5.2
25.9
54.2
5.2
25.6
54.4
5.2
25.6
16
17
18
7805.4
9385.6
10453.6
11593.7
12352.8
11279.9
11593.7
11930.1
11912.9
11981.9
12352.8
19
191.3
1787.9
5802.7
23.5
0.0
188.0
1768.9
7404.6
24.2
0.0
185.3
1519.5
8723.6
25.3
0.0
182.5
1626.5
9759.9
24.9
0.0
179.2
1590.6
10558.5
24.5
0.0
183.7
1613.0
9458.8
24.4
0.0
182.5
1626.5
9759.9
24.9
0.0
181.8
1788.2
9935.5
24.6
0.0
181.0
1568.1
10138.9
25.0
0.0
180.0
1527.9
10248.8
25.1
0.0
179.2
1590.6
10558.5
24.5
0.0
20
21
22
23
24
204.6
47.5
210.9
48.4
220.3
49.7
228.3
50.0
251.5
50.3
234.0
50.1
228.3
50.0
237.6
50.1
246.1
50.2
250.4
50.1
251.5
50.3
25
26
2859.2
1077.2
1597.6
184.4
3071.6
1142.9
1722.2
206.5
3179.4
1213.7
1741.1
224.6
3281.2
1254.1
1789.6
237.5
3381.5
1352.3
1780.0
249.2
3245.8
1223.3
1798.2
224.3
3281.2
1254.1
1789.6
237.5
3302.1
1265.5
1800.3
236.3
3321.8
1178.4
1909.6
233.8
3445.2
1161.5
2050.3
233.4
3381.5
1352.3
1780.0
249.2
27
28
29
30
(1) Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that
the government purchased from depository institutions and finance companies.
(2) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at market price.
(3) 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.
Levels
2009
72
Levels
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
16021.0
17676.0
19288.1
20644.3
21940.0
20494.1
20644.3
21392.1
21513.6
21952.9
21940.0
2
3
4
SDR allocations
Net interbank assets
U.S. checkable deposits and currency
55.4
86.0
361.0
54.4
24.2
390.5
54.2
238.1
472.3
54.3
102.1
540.6
54.4
362.5
589.5
54.5
231.2
519.5
54.3
102.1
540.6
52.9
197.6
543.2
53.1
481.0
551.5
54.2
440.9
573.9
54.4
362.5
589.5
2
3
4
5
6
7
293.5
76.9
561.5
302.5
69.8
635.8
349.7
79.5
763.1
386.8
99.7
765.7
434.2
161.4
822.0
364.6
96.0
726.0
386.8
99.7
765.7
386.3
101.7
821.1
392.3
152.5
791.8
412.8
156.3
794.5
434.2
161.4
822.0
5
6
7
7723.4
8491.8
9029.7
9606.3
9836.4
9497.0
9606.3
9735.3
9484.2
9638.0
9836.4
191.5
191.0
191.7
195.2
197.0
190.2
195.2
203.9
200.2
187.4
197.0
10
11
12
Treasury securities
Official
Private
3670.6
2879.6
791.0
4458.8
3364.8
1094.1
5006.9
3620.6
1386.3
5573.8
4032.2
1541.6
5842.3
4126.8
1715.4
5475.4
3958.1
1517.3
5573.8
4032.2
1541.6
5721.8
4090.7
1631.1
5594.4
4009.2
1585.2
5654.7
4016.0
1638.6
5842.3
4126.8
1715.4
10
11
12
13
14
15
1154.9
749.0
405.9
1084.0
661.2
422.8
1080.6
639.2
441.4
1004.3
511.1
493.2
861.9
475.2
386.7
1028.3
548.3
480.0
1004.3
511.1
493.2
939.8
487.0
452.8
874.8
468.9
405.9
899.2
488.8
410.5
861.9
475.2
386.7
13
14
15
16
17
18
Municipal securities
U.S. corporate bonds (1)
Loans to U.S. corporate business
58.7
2465.3
182.5
71.7
2524.0
162.3
70.3
2484.0
196.1
67.9
2621.3
143.9
66.4
2730.1
138.7
72.7
2572.8
157.7
67.9
2621.3
143.9
65.1
2663.0
141.6
60.2
2602.2
152.4
63.3
2694.4
139.0
66.4
2730.1
138.7
16
17
18
19
20
21
22
2476.7
364.1
96.7
0.0
2962.2
513.8
116.4
0.0
3035.3
735.6
134.2
0.0
3467.6
987.1
145.6
0.0
4655.6
1043.7
157.3
0.0
3448.0
950.4
146.8
0.0
3467.6
987.1
145.6
0.0
3906.8
1006.8
149.2
0.0
4011.5
963.1
154.4
0.0
4278.4
987.4
155.1
0.0
4655.6
1043.7
157.3
0.0
19
20
21
22
23
24
25
Miscellaneous assets
Foreign direct investment in U.S. (2)
Other
3925.9
2398.2
1527.7
4114.7
2623.6
1491.1
4396.5
2879.5
1517.0
4488.5
3057.3
1431.1
3822.9
3164.3
658.6
4460.3
3029.3
1431.0
4488.5
3057.3
1431.1
4491.2
3074.6
1416.5
4478.3
3101.3
1377.0
4461.6
3131.6
1330.0
3822.9
3164.3
658.6
23
24
25
9340.1
10047.8
10562.6
10887.3
10257.2
10749.2
10887.3
11036.3
11042.3
11215.1
10257.2
26
119.7
835.9
530.5
121.4
826.6
731.8
129.6
780.3
808.0
127.5
750.1
847.7
119.9
837.0
733.1
130.3
772.3
818.0
127.5
750.1
847.7
122.5
774.3
830.1
121.4
853.1
790.1
123.1
834.8
792.6
119.9
837.0
733.1
27
28
29
2131.1
2314.0
2513.8
2784.1
2889.5
2682.8
2784.1
2860.6
2790.1
2830.5
2889.5
30
401.3
1570.3
398.6
1731.3
345.1
1939.9
373.0
2140.7
407.4
2171.5
366.7
2052.0
373.0
2140.7
407.4
2174.6
417.4
2087.0
407.3
2127.2
407.4
2171.5
31
32
137.5
4.5
37.4
95.6
21.9
162.0
6.6
53.0
102.4
22.1
205.2
5.4
69.8
130.0
23.5
237.7
6.2
70.4
161.0
32.8
276.8
7.1
90.5
179.3
33.8
233.9
5.1
71.0
157.8
30.2
237.7
6.2
70.4
161.0
32.8
246.0
6.1
76.2
163.6
32.7
252.2
6.1
80.5
165.7
33.6
262.5
6.6
86.7
169.3
33.4
276.8
7.1
90.5
179.3
33.8
33
34
35
36
37
69.3
0.0
95.1
0.0
63.0
0.0
69.3
0.0
67.4
0.0
67.4
0.0
69.3
0.0
68.2
0.0
70.1
0.0
68.7
0.0
67.4
0.0
38
39
5653.5
50.0
10.9
4077.4
125.1
1390.2
5958.8
52.3
0.8
4273.6
135.6
1496.5
6268.0
54.9
100.5
4663.1
166.3
1283.2
6308.5
57.3
9.5
5077.8
114.7
1049.2
5610.4
61.2
0.9
5390.7
85.7
71.9
6278.2
57.2
13.3
4983.4
154.0
1070.4
6308.5
57.3
9.5
5077.8
114.7
1049.2
6380.6
57.3
8.6
5123.8
137.2
1053.8
6417.5
59.4
2.3
5194.6
100.7
1060.5
6565.4
59.4
1.1
5318.6
127.3
1059.0
5610.4
61.2
0.9
5390.7
85.7
71.9
40
41
42
43
44
45
3995.3
4900.2
4501.4
5390.5
6802.7
5107.3
5390.5
5648.7
5632.1
6164.6
6802.7
46
26
Total liabilities
27
28
29
30
31
32
Commercial paper
Bonds
33
34
35
36
37
38
39
Trade payables
Security debt
40
41
42
43
44
45
Miscellaneous liabilities
U.S. equity in IBRD, etc.
Nonofficial foreign currencies
U.S. direct investment abroad (1,2)
Investment by holding companies
Other
Memo:
46
(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) Does not include monetary gold.
(4) Includes American Depositary Receipts (ADRs).
73
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
66985.0
67859.1
69356.6
73538.9
79974.0
72533.2
73538.9
75523.5
76422.5
78212.6
79974.0
36.2
5.2
42.7
97.1
1126.4
37.0
5.2
43.5
105.9
1019.6
36.8
5.2
44.2
42.9
1622.6
35.8
5.2
44.8
43.3
1561.7
34.6
5.2
45.5
33.7
2321.8
36.6
5.2
44.6
40.2
1496.2
35.8
5.2
44.8
43.3
1561.7
34.5
5.2
45.0
48.7
1849.4
34.3
5.2
45.1
37.1
2072.9
35.0
5.2
45.3
36.3
2294.2
34.6
5.2
45.5
33.7
2321.8
2
3
4
5
6
7
8
9
10
343.6
716.1
1003.7
825.5
325.6
641.5
832.0
839.2
362.4
595.4
764.0
780.2
373.3
629.9
746.1
986.2
379.9
705.9
738.8
1029.9
333.0
601.4
688.9
992.1
373.3
629.9
746.1
986.2
366.5
623.8
711.9
1000.2
367.1
638.1
716.6
950.5
387.9
703.7
748.6
1001.2
379.9
705.9
738.8
1029.9
7
8
9
10
11
37622.1
36775.8
37826.9
39051.8
40762.0
38488.3
39051.8
39451.8
39813.6
40138.6
40762.0
11
779.3
2579.3
5893.7
1742.2
6721.6
676.0
3083.9
5482.7
1786.3
6877.0
599.7
4065.2
5630.4
1801.3
7081.1
592.6
4401.1
5875.4
1939.5
7507.8
610.5
4945.5
6330.3
1942.8
7799.4
599.5
4243.2
5805.9
1890.4
7400.9
592.6
4401.1
5875.4
1939.5
7507.8
634.8
4577.4
6020.9
1955.1
7622.5
633.2
4615.9
6145.2
1949.5
7661.8
641.2
4698.9
6177.9
1936.8
7737.1
610.5
4945.5
6330.3
1942.8
7799.4
12
13
14
15
16
2062.5
1711.0
13944.8
2187.8
2001.2
1394.8
13306.6
2167.3
2147.8
1363.9
12988.2
2149.3
2322.7
1468.3
12752.5
2191.9
2507.1
1564.3
12798.1
2264.0
2244.9
1423.3
12732.8
2147.4
2322.7
1468.3
12752.5
2191.9
2323.8
1459.6
12699.6
2157.9
2388.1
1530.5
12702.2
2187.3
2424.7
1540.7
12761.1
2220.2
2507.1
1564.3
12798.1
2264.0
17
18
19
20
9938.1
2230.4
11432.6
2520.2
10822.6
2462.3
12468.9
2813.9
15979.3
3506.1
12365.7
2813.9
12468.9
2813.9
13592.3
3068.4
13794.4
3129.6
14728.9
3303.4
15979.3
3506.1
21
22
144.2
422.6
135.6
520.5
134.8
560.2
133.2
736.4
135.2
714.7
135.9
702.2
133.2
736.4
134.1
709.5
132.9
691.2
133.0
709.9
135.2
714.7
23
24
132.8
12298.0
141.1
12483.7
148.4
13147.9
172.9
13735.4
183.8
13397.4
172.7
13616.3
172.9
13735.4
175.5
13706.7
176.8
13817.2
179.3
13762.2
183.8
13397.4
25
26
63610.5
64329.9
65837.4
69490.5
75258.6
68626.9
69490.5
71250.6
72103.1
73634.4
75258.6
27
2
3
4
5
6
2010
12
13
14
15
16
17
18
19
20
21
22
Corporate equities
Mutual fund shares
23
24
Trade receivables
Security credit
25
26
27
Total liabilities
28
1220.0
1070.7
1889.2
1718.0
2783.0
1794.7
1718.0
2131.8
2614.2
2799.4
2783.0
28
29
30
31
32
2093.4
8432.5
3258.6
2043.4
2359.8
8548.1
2755.4
2025.2
2594.3
8952.2
2642.5
1970.8
2857.8
9463.8
2649.6
1976.8
3189.7
9878.0
2678.3
1918.7
2640.4
9232.3
2506.9
1977.4
2857.8
9463.8
2649.6
1976.8
2878.1
9521.6
2554.0
1964.7
2897.8
9572.5
2541.9
1854.8
2930.0
9789.1
2637.4
1859.8
3189.7
9878.0
2678.3
1918.7
29
30
31
32
33
15689.8
14487.0
14046.5
13910.7
14081.1
13952.2
13910.7
13889.2
13914.8
13929.5
14081.1
33
678.2
8083.3
5718.8
576.0
7574.0
5323.1
507.9
7552.1
4997.3
449.1
7529.7
4984.9
400.3
7768.7
4867.5
454.6
7519.5
5020.3
449.1
7529.7
4984.9
453.8
7566.2
4922.3
426.0
7635.8
4853.0
398.6
7688.5
4852.2
400.3
7768.7
4867.5
34
35
36
424.7
617.9
166.9
373.7
473.2
167.1
399.9
413.1
176.2
338.7
416.6
191.8
367.6
487.5
189.5
365.3
404.4
188.0
338.7
416.6
191.8
339.7
409.9
197.3
353.8
453.1
193.2
336.8
460.0
193.4
367.6
487.5
189.5
37
38
39
6920.7
70.1
888.2
7873.0
18.1
936.6
7870.9
14.3
1073.7
9323.6
14.2
1208.7
11526.8
14.5
1209.3
9131.0
13.0
1213.2
9323.6
14.2
1208.7
10087.4
15.4
1184.2
10299.5
15.6
1209.0
10904.9
13.3
1222.7
11526.8
14.5
1209.3
40
41
42
34
35
36
37
38
39
40
41
42
43
44
1194.5
15206.0
1229.9
16745.7
1302.3
17120.8
1309.0
18088.8
1365.7
19600.7
1303.1
17948.8
1309.0
18088.8
1320.0
18563.3
1327.0
18738.6
1346.9
19101.5
1365.7
19600.7
43
44
45
46
Taxes payable
Miscellaneous liabilities
-95.0
7219.0
-88.9
7101.4
-78.0
7245.9
-77.1
7894.2
-69.1
7814.8
-68.5
7800.5
-77.1
7894.2
-66.2
8037.3
-83.0
7990.6
-74.0
7966.8
-69.1
7814.8
45
46
3578.1
14.8
4295.4
15.9
4085.9
13.1
4946.1
18.6
6521.7
19.2
4782.7
19.1
4946.1
18.6
5510.6
19.2
5749.2
19.3
6000.8
17.7
6521.7
19.2
47
48
Memo:
47
48
(1) Sum of financial sectors shown on tables L.108 and L.110 through L.130.
Levels
2009
74
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2267.2
2453.2
2947.2
2954.9
4073.8
2837.6
2954.9
3243.8
3526.3
3787.1
4073.8
36.2
5.2
42.7
37.0
5.2
43.5
36.8
5.2
44.2
35.8
5.2
44.8
34.6
5.2
45.5
36.6
5.2
44.6
35.8
5.2
44.8
34.5
5.2
45.0
34.3
5.2
45.1
35.0
5.2
45.3
34.6
5.2
45.5
2
3
4
-2.1
-1.4
-0.6
-0.5
-1.0
-0.6
-0.5
-0.6
-0.7
-0.6
-1.0
96.6
96.6
0.0
0.2
0.2
0.0
0.2
0.2
0.0
0.1
0.1
0.0
0.1
0.1
0.0
0.1
0.1
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.2
0.2
0.0
0.1
0.1
0.0
6
7
8
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2
3
4
5
6
7
8
9
10
Levels
2010
1987.7
2259.2
2635.6
2670.1
3756.3
2565.1
2670.1
2939.8
3214.2
3475.1
3756.3
10
11
12
13
14
15
16
17
0.0
776.6
18.4
758.2
1068.3
908.4
159.9
0.0
1021.5
18.4
1003.1
1139.6
992.1
147.5
0.0
1663.4
18.4
1645.0
941.7
837.7
104.0
0.0
1666.1
0.0
1666.1
1003.4
926.7
76.8
0.0
2208.8
0.0
2208.8
1547.4
1490.2
57.2
0.0
1645.3
0.0
1645.3
918.4
835.0
83.4
0.0
1666.1
0.0
1666.1
1003.4
926.7
76.8
0.0
1796.0
0.0
1796.0
1143.4
1070.9
72.4
0.0
1936.6
0.0
1936.6
1277.3
1208.1
69.2
0.0
2072.3
0.0
2072.3
1402.7
1342.1
60.7
0.0
2208.8
0.0
2208.8
1547.4
1490.2
57.2
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
142.8
47.5
0.0
0.0
29.2
22.2
16.0
18.5
9.4
98.1
24.7
0.0
0.0
25.8
20.0
13.5
14.1
0.0
30.5
9.0
0.0
0.0
4.9
0.0
6.8
9.8
0.0
0.6
0.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.5
1.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.6
0.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.4
0.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
0.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
18
19
20
21
22
23
24
25
26
25.1
75.9
10.3
65.6
26.4
83.1
0.1
83.0
0.0
225.8
99.8
126.0
0.0
199.5
8.9
190.6
0.0
233.1
0.3
232.8
0.0
186.5
12.6
174.0
0.0
199.5
8.9
190.6
0.0
219.9
8.1
211.9
0.0
228.1
1.7
226.5
0.0
226.8
0.5
226.3
0.0
233.1
0.3
232.8
27
28
29
30
2241.6
2426.7
2920.3
2927.6
4046.3
2810.2
2927.6
3216.3
3498.8
3759.6
4046.3
31
977.0
54.9
968.1
52.7
1562.3
60.8
1491.0
71.1
2249.1
73.6
1440.4
56.3
1491.0
71.1
1790.4
59.6
2013.3
60.2
2232.4
62.2
2249.1
73.6
32
33
1102.7
1287.8
1165.7
1224.6
1364.2
1185.9
1224.6
1226.1
1298.1
1266.5
1364.2
34
27
28
29
30
31
32
33
34
35
36
37
38
191.9
0.2
186.6
5.0
340.9
0.2
140.8
200.0
85.9
0.1
85.7
0.0
92.9
0.2
92.7
0.0
162.6
0.2
162.4
0.0
85.6
0.1
85.4
0.0
92.9
0.2
92.7
0.0
79.4
0.2
79.2
0.0
135.0
0.1
134.9
0.0
88.6
0.2
88.4
0.0
162.6
0.2
162.4
0.0
35
36
37
38
39
40
41
2.4
35.1
873.3
3.4
13.5
930.0
0.2
64.6
1015.0
6.5
27.2
1098.1
8.0
25.9
1167.6
5.7
22.6
1072.1
6.5
27.2
1098.1
9.2
20.2
1117.3
10.1
19.5
1133.6
9.0
24.1
1144.9
8.0
25.9
1167.6
39
40
41
42
77.7
59.7
99.9
107.2
315.9
92.7
107.2
105.5
95.2
157.4
315.9
42
43
44
45
Miscellaneous liabilities
Federal Reserve Bank stock
Other
29.2
25.6
3.6
58.4
26.5
31.9
31.7
26.9
4.8
33.7
27.4
6.3
43.5
27.5
16.0
34.9
27.4
7.5
33.7
27.4
6.3
34.8
27.6
7.2
32.1
27.5
4.6
41.2
27.4
13.7
43.5
27.5
16.0
43
44
45
(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) Shown on table L.203.
(3) Federal Reserve loans extended to domestic banks through term auction credit, primary credit, secondary credit, and seasonal credit.
(4) Federal Reserve loans extended to domestic banks through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
(5) Loans extended to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF).
(6) Loans extended through the Federal Reserves Primary Dealer Credit Facility (PDCF) and the AMLF.
(7) 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.
(8) 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.
(9) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts.
(10) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC.
(11) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance
Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.
(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
75
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
13515.6
14429.9
14822.5
15778.4
14608.3
14822.5
15029.4
15337.6
15589.0
15778.4
52.7
968.1
60.8
1562.3
71.1
1491.0
73.6
2249.1
56.3
1440.4
71.1
1491.0
59.6
1790.4
60.2
2013.3
62.2
2232.4
73.6
2249.1
2
3
10776.3
10968.9
11177.8
11580.2
11868.1
11370.4
11580.2
11546.8
11614.5
11671.3
11868.1
0.0
196.6
1579.9
227.8
940.0
0.0
299.6
1718.1
257.1
795.9
0.0
252.9
1851.7
303.9
800.2
0.0
339.5
1901.4
369.9
794.0
0.0
305.2
1948.5
424.5
777.7
0.0
327.0
1905.4
356.6
781.0
0.0
339.5
1901.4
369.9
794.0
0.0
329.5
1946.9
382.2
773.0
0.0
281.5
1964.2
398.0
767.0
0.0
276.1
1934.4
412.9
779.5
0.0
305.2
1948.5
424.5
777.7
5
6
7
8
9
1919.6
0.0
4768.9
1143.4
1903.1
0.0
4583.0
1412.0
2117.3
0.0
4436.2
1415.6
2322.2
0.0
4391.0
1462.3
2507.0
0.0
4368.6
1536.5
2243.4
0.0
4334.1
1422.8
2322.2
0.0
4391.0
1462.3
2323.5
0.0
4354.9
1436.8
2387.8
0.0
4351.3
1464.7
2424.6
0.0
4350.4
1493.3
2507.0
0.0
4368.6
1536.5
10
11
12
13
63.6
47.4
73.6
46.5
67.4
43.5
87.1
61.5
116.8
86.7
83.4
55.0
87.1
61.5
96.8
69.9
96.9
70.3
104.4
78.1
116.8
86.7
14
15
219.6
111.5
242.3
116.0
321.3
120.8
432.7
138.1
375.5
143.9
433.0
136.4
432.7
138.1
401.6
139.4
388.7
140.4
396.2
141.7
375.5
143.9
16
17
1114.3
1047.4
1076.0
960.8
864.6
1033.3
960.8
924.9
953.4
902.7
864.6
18
13248.7
13527.7
14574.3
15168.4
15964.3
14998.6
15168.4
15395.4
15587.5
15767.7
15964.3
19
188.1
49.9
266.1
155.9
460.3
298.0
155.9
281.8
540.7
504.8
460.3
20
990.7
6326.5
2105.9
1072.0
6624.9
1923.2
1428.6
7202.2
1750.0
1633.1
7803.9
1659.9
1825.6
8115.8
1762.2
1454.4
7595.4
1636.8
1633.1
7803.9
1659.9
1652.0
7869.1
1652.5
1599.7
7890.1
1682.4
1663.5
8052.3
1736.8
1825.6
8115.8
1762.2
21
22
23
14
15
Corporate equities
Mutual fund shares
16
17
Security credit
Life insurance reserves
18
Miscellaneous assets
19
2012
54.9
977.0
Vault cash
Reserves at Federal Reserve
10
11
12
13
2011
13364.7
2
3
5
6
7
8
9
2010
Total liabilities
20
21
22
23
Checkable deposits
Small time and savings deposits
Large time deposits
24
859.0
694.7
619.8
499.6
438.4
563.1
499.6
490.0
462.8
467.0
438.4
24
25
744.6
968.7
892.9
865.3
885.4
846.6
865.3
842.9
871.8
867.8
885.4
25
0.6
176.3
567.6
113.0
436.8
418.9
120.6
415.8
356.4
87.5
415.8
362.0
59.7
397.7
428.1
90.7
409.9
346.0
87.5
415.8
362.0
74.4
413.9
354.5
64.2
411.5
396.2
57.3
406.5
403.9
59.7
397.7
428.1
26
27
28
-66.2
-59.6
-49.1
-47.9
-47.5
-46.3
-47.9
-46.0
-58.9
-53.0
-47.5
29
2100.2
107.7
1599.5
203.1
189.9
2253.9
120.0
1632.8
171.6
329.5
2463.8
193.7
1709.0
137.8
423.3
2598.4
198.1
1889.2
126.0
385.1
2524.0
203.4
1944.4
122.9
253.2
2650.5
190.1
1871.3
117.9
471.1
2598.4
198.1
1889.2
126.0
385.1
2653.1
200.0
1916.9
142.9
393.3
2598.9
200.6
1880.5
142.1
375.8
2528.6
202.4
1898.1
118.0
310.0
2524.0
203.4
1944.4
122.9
253.2
30
31
32
33
34
6.9
6.2
6.0
6.5
7.9
6.2
6.5
6.8
7.3
7.7
7.9
35
26
27
28
29
30
31
32
33
34
Miscellaneous liabilities
Foreign direct investment in U.S.
Investment by holding companies
Investment by funding corporations
Other
Memo:
35
(1) U.S.-chartered depository institutions (L.110), foreign banking offices (L.111), banks in U.S.-affiliated areas (L.112), and credit unions (L.113).
(2) 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 nonfinancial asset.
Levels
2009
76
Levels
2
3
Vault cash
Reserves at Federal Reserve
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Municipal securities
Corporate and foreign bonds
Priv. residential mortgage pass-through securities
Priv. commercial mortgage pass-through securities
Priv. residential CMOs and other structured MBS
Priv. commercial CMOs and other structured MBS
Other
20
21
22
23
24
25
Corporate equities
Mutual fund shares
26
27
28
Security credit
Life insurance reserves
Miscellaneous assets
29
Total liabilities
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
11269.9
11304.7
11726.9
12079.6
12669.9
11840.8
12079.6
12153.8
12242.6
12460.5
12669.9
54.9
661.4
52.7
575.8
60.8
798.7
71.1
798.5
73.6
1252.9
56.3
722.1
71.1
798.5
59.6
981.1
60.2
1001.2
62.2
1222.7
73.6
1252.9
2
3
9144.0
9356.2
9489.9
9840.6
10087.1
9645.6
9840.6
9811.7
9874.6
9902.8
10087.1
0.0
124.5
1417.4
837.5
3.6
264.0
4.0
308.4
0.0
217.5
1527.2
835.3
3.3
393.4
3.6
291.5
0.0
173.9
1634.1
899.1
8.2
473.8
13.4
239.6
0.0
243.2
1669.7
912.8
21.7
454.6
42.9
237.7
0.0
217.1
1721.0
953.6
30.2
431.0
66.8
239.5
0.0
227.8
1672.7
932.9
18.9
460.0
37.3
223.6
0.0
243.2
1669.7
912.8
21.7
454.6
42.9
237.7
0.0
230.3
1710.5
952.8
24.7
446.7
47.7
238.6
0.0
194.0
1725.7
967.6
28.4
435.2
54.6
239.8
0.0
186.6
1700.3
947.8
27.9
422.8
59.6
242.3
0.0
217.1
1721.0
953.6
30.2
431.0
66.8
239.5
5
6
7
8
9
10
11
12
224.3
668.2
16.2
17.8
202.9
26.0
404.1
254.6
550.5
6.5
11.4
132.3
24.7
374.0
297.3
553.0
3.5
8.9
110.4
27.4
401.8
363.1
551.6
18.7
9.3
88.4
32.7
401.6
416.4
566.6
28.7
8.0
73.7
37.3
418.2
350.0
543.7
18.1
9.1
92.8
31.1
391.5
363.1
551.6
18.7
9.3
88.4
32.7
401.6
374.2
547.6
19.6
9.1
83.7
33.8
400.7
390.3
550.1
23.1
9.6
78.7
34.4
403.6
404.0
562.3
26.4
8.4
77.2
35.5
414.1
416.4
566.6
28.7
8.0
73.7
37.3
418.2
13
14
15
16
17
18
19
1431.3
0.0
4371.9
906.3
1425.9
0.0
4194.9
1185.5
1589.6
0.0
4049.6
1192.6
1797.1
0.0
3997.4
1218.7
1933.3
0.0
3961.0
1271.6
1720.7
0.0
3944.6
1186.1
1797.1
0.0
3997.4
1218.7
1794.8
0.0
3962.9
1191.3
1847.0
0.0
3956.0
1211.5
1869.5
0.0
3948.7
1231.5
1933.3
0.0
3961.0
1271.6
20
21
22
23
63.6
46.1
73.6
45.0
67.4
41.7
87.1
59.2
116.8
84.5
83.4
52.8
87.1
59.2
96.8
67.3
96.9
67.9
104.4
75.9
116.8
84.5
24
25
158.0
111.5
1030.3
152.3
116.0
933.2
189.6
120.8
958.1
243.0
138.1
842.1
187.1
143.9
723.9
241.8
136.4
902.3
243.0
138.1
842.1
209.0
139.4
788.8
198.7
140.4
802.7
188.0
141.7
762.9
187.1
143.9
723.9
26
27
28
11109.0
11303.8
11837.3
12394.8
12892.8
12216.4
12394.8
12478.8
12446.6
12652.1
12892.8
29
30
31
32
33
34
637.3
-2.1
96.6
45.8
496.9
426.5
-1.4
0.2
19.5
408.2
158.6
-0.6
0.2
55.7
103.3
69.6
-0.5
0.1
51.6
18.5
223.7
-1.0
0.1
83.4
141.3
155.8
-0.6
0.1
60.0
96.2
69.6
-0.5
0.1
51.6
18.5
135.8
-0.6
0.0
63.0
73.4
173.3
-0.7
0.1
50.3
123.6
230.6
-0.6
0.2
72.7
158.3
223.7
-1.0
0.1
83.4
141.3
30
31
32
33
34
35
36
37
38
Checkable deposits
Federal government
Rest of the world
Private domestic
871.6
3.8
34.3
833.5
941.1
3.6
30.4
907.0
1260.5
1.0
56.1
1203.5
1435.6
1.3
52.0
1382.3
1584.4
1.6
49.3
1533.5
1267.7
1.1
52.8
1213.9
1435.6
1.3
52.0
1382.3
1441.7
1.5
46.3
1393.9
1378.4
1.3
40.5
1336.5
1434.8
1.3
49.7
1383.8
1584.4
1.6
49.3
1533.5
35
36
37
38
39
40
41
5617.0
1029.9
681.3
5888.6
896.1
462.3
6425.7
882.9
355.0
6979.3
803.0
212.4
7234.5
826.9
150.1
6775.6
818.8
278.0
6979.3
803.0
212.4
7018.7
777.6
192.6
7033.2
804.5
177.9
7182.5
799.3
161.5
7234.5
826.9
150.1
39
40
41
42
43
44
45
46
47
48
49
Miscellaneous liabilities
Investment by holding companies
Other
718.1
942.6
868.7
840.3
857.3
822.2
840.3
820.7
848.4
841.2
857.3
42
0.6
176.3
541.1
113.0
436.8
392.8
120.6
415.8
332.3
87.5
415.8
336.9
59.7
397.7
400.0
90.7
409.9
321.6
87.5
415.8
336.9
74.4
413.9
332.3
64.2
411.5
372.7
57.3
406.5
377.3
59.7
397.7
400.0
43
44
45
-66.2
-59.6
-49.1
-47.9
-47.5
-46.3
-47.9
-46.0
-58.9
-53.0
-47.5
46
1620.1
1599.5
20.6
1806.2
1632.8
173.3
1934.9
1709.0
225.9
2102.5
1889.2
213.3
2063.4
1944.4
119.0
2144.7
1871.3
273.4
2102.5
1889.2
213.3
2137.7
1916.9
220.8
2089.9
1880.5
209.3
2055.2
1898.1
157.1
2063.4
1944.4
119.0
47
48
49
6.9
6.2
6.0
6.5
7.9
6.2
6.5
6.8
7.3
7.7
7.9
50
Memo:
50
(1) 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 nonfinancial asset.
77
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1199.8
1255.3
1714.5
1705.9
2019.7
1741.1
1705.9
1803.1
2012.5
2047.5
2019.7
2
3
Vault cash
Reserves at Federal Reserve
0.0
284.1
0.0
350.8
0.0
711.0
0.0
638.8
0.0
948.0
0.0
670.6
0.0
638.8
0.0
741.3
0.0
959.6
0.0
963.3
0.0
948.0
2
3
809.6
785.2
827.7
833.5
826.3
825.1
833.5
816.4
802.2
819.1
826.3
0.0
57.5
31.3
0.0
247.6
0.0
60.9
26.5
0.0
238.2
0.0
60.5
30.6
0.0
236.7
0.0
76.6
32.1
0.0
230.5
0.0
67.0
25.4
0.0
196.4
0.0
77.3
30.2
0.0
226.0
0.0
76.6
32.1
0.0
230.5
0.0
79.5
27.7
0.0
211.9
0.0
66.9
26.1
0.0
202.8
0.0
69.3
26.2
0.0
203.0
0.0
67.0
25.4
0.0
196.4
5
6
7
8
9
435.5
0.0
37.8
424.2
0.0
35.4
467.1
0.0
32.8
463.4
0.0
30.9
507.2
0.0
30.3
460.4
0.0
31.2
463.4
0.0
30.9
467.5
0.0
29.7
476.9
0.0
29.6
490.8
0.0
29.8
507.2
0.0
30.3
10
11
12
5
6
7
8
9
10
11
12
2010
13
14
Corporate equities
Security credit
0.0
61.6
0.1
90.1
0.0
131.7
0.0
189.7
0.0
188.4
0.0
191.3
0.0
189.7
0.0
192.6
0.0
190.0
0.0
208.1
0.0
188.4
13
14
15
Miscellaneous assets
44.5
29.2
44.2
43.9
56.9
54.3
43.9
52.9
60.6
56.8
56.9
15
16
1302.8
1337.8
1850.9
1842.5
2083.5
1858.3
1842.5
1942.7
2156.4
2131.4
2083.5
16
17
18
19
Total liabilities
Net interbank liabilities
To foreign banks
To domestic banks
-376.8
-411.0
34.1
-343.2
-384.0
40.8
164.0
134.8
29.2
156.9
83.6
73.3
305.3
221.2
84.1
214.1
134.9
79.1
156.9
83.6
73.3
215.3
124.2
91.1
434.4
357.4
77.0
343.7
282.6
61.1
305.3
221.2
84.1
17
18
19
20
21
22
Checkable deposits
Small time and savings deposits
Large time deposits
16.1
29.9
1024.2
21.9
35.7
977.7
45.6
48.9
814.6
61.8
62.7
798.4
92.6
90.4
869.4
53.9
62.4
762.0
61.8
62.7
798.4
63.7
67.9
814.4
73.4
70.6
816.0
81.7
85.9
872.4
92.6
90.4
869.4
20
21
22
23
24
177.8
0.0
232.4
0.0
280.7
0.0
296.9
0.0
288.4
0.0
293.7
0.0
296.9
0.0
297.8
0.0
285.0
0.0
305.5
0.0
288.4
0.0
23
24
25
26
27
28
Miscellaneous liabilities
Foreign direct investment in U.S.
Investment by funding corporations
Other
431.5
107.7
203.1
120.7
413.3
120.0
171.6
121.7
497.1
193.7
137.8
165.6
465.8
198.1
126.0
141.7
437.4
203.4
122.9
111.0
472.2
190.1
117.9
164.2
465.8
198.1
126.0
141.7
483.7
200.0
142.9
140.7
477.0
200.6
142.1
134.4
442.2
202.4
118.0
121.7
437.4
203.4
122.9
111.0
25
26
27
28
(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).
(2) Bankers acceptances.
Levels
2009
78
2010
2011
2012
2013
2012
Q3
1
2
2013
Q4
Q1
Q2
Q3
Q4
94.7
79.9
75.8
75.8
84.3
75.2
75.8
76.0
82.0
83.9
84.3
88.1
68.9
64.0
63.9
64.2
62.0
63.9
63.6
63.6
62.7
64.2
3
4
5
6
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Corporate and foreign bonds
0.5
20.5
3.5
2.0
1.1
12.8
2.5
0.6
1.0
4.8
3.4
4.2
0.4
2.6
2.6
5.2
1.1
1.9
3.6
5.8
1.0
4.0
2.8
4.6
0.4
2.6
2.6
5.2
0.4
2.4
2.7
5.6
0.4
2.2
2.7
5.5
0.6
1.9
3.5
5.6
1.1
1.9
3.6
5.8
3
4
5
6
7
8
9
19.4
22.6
19.6
16.1
20.1
15.7
17.1
17.8
15.6
18.1
20.0
14.9
19.5
18.9
13.5
17.6
17.0
14.9
18.1
20.0
14.9
18.1
20.0
14.4
19.0
19.2
14.4
19.5
19.1
12.5
19.5
18.9
13.5
7
8
9
6.5
11.0
11.8
12.0
20.0
13.2
12.0
12.4
18.4
21.2
20.0
10
10
11
Miscellaneous assets
90.0
75.2
72.1
72.0
80.2
71.9
72.0
72.2
78.7
81.7
80.2
11
12
13
14
15
Total liabilities
Net interbank liabilities
Checkable deposits
Small time and savings deposits
Large time deposits
-4.2
16.1
24.5
24.5
-3.3
16.6
19.3
19.3
-4.6
19.4
18.9
18.9
-4.9
21.9
18.8
18.8
-4.7
28.0
21.3
21.3
-5.3
20.9
18.5
18.5
-4.9
21.9
18.8
18.8
-4.6
22.1
19.1
19.1
-5.3
26.3
20.6
20.6
-5.0
27.7
21.7
21.7
-4.7
28.0
21.3
21.3
12
13
14
15
16
Miscellaneous liabilities
29.2
23.3
19.4
17.3
14.3
19.2
17.3
16.4
16.5
15.7
14.3
16
Levels
(1) Commercial banks and branches of U.S.-chartered depository institutions located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.
800.4
875.7
912.6
961.1
1004.5
951.2
961.1
996.5
1000.6
997.1
1004.5
31.5
41.5
52.6
53.8
48.1
47.7
53.8
68.0
52.5
46.4
48.1
734.6
758.6
796.2
842.3
890.5
837.8
842.3
855.1
874.1
886.7
890.5
0.0
14.2
110.7
0.0
22.3
0.0
20.1
151.5
0.0
6.6
0.0
17.6
182.1
3.2
6.3
0.0
19.3
197.0
4.2
6.7
0.0
19.9
200.3
4.5
8.9
0.0
20.9
198.5
3.8
6.6
0.0
19.3
197.0
4.2
6.7
0.0
19.2
206.2
5.3
7.8
0.0
20.1
210.2
5.0
8.5
0.0
19.6
206.0
5.4
8.6
0.0
19.9
200.3
4.5
8.9
4
5
6
7
8
33.4
316.9
237.1
36.9
317.0
226.5
43.5
320.5
223.0
43.6
327.8
243.6
47.0
344.8
265.0
44.7
326.4
236.7
43.6
327.8
243.6
43.0
328.0
245.5
44.9
332.1
253.1
44.9
340.4
261.9
47.0
344.8
265.0
9
10
11
1.3
33.0
1.5
74.1
1.9
61.9
2.3
62.7
2.2
63.8
2.2
63.6
2.3
62.7
2.6
70.9
2.4
71.7
2.2
61.8
2.2
63.8
12
13
747.0
810.9
814.1
859.1
907.7
852.0
859.1
901.7
905.8
902.4
907.7
14
4
5
6
7
8
9
10
11
12
13
14
15
-68.1
-30.0
-51.9
-65.7
-64.1
-66.5
-65.7
-64.7
-61.8
-64.5
-64.1
15
16
17
18
19
Shares/deposits
Checkable
Small time and savings
Large time
769.4
86.9
655.2
27.3
803.8
92.4
681.3
30.1
845.3
103.1
708.7
33.5
896.6
113.9
743.1
39.7
934.8
120.6
769.6
44.6
888.3
111.9
738.9
37.5
896.6
113.9
743.1
39.7
929.3
124.5
763.4
41.3
928.7
121.7
765.7
41.4
924.9
119.3
762.2
43.4
934.8
120.6
769.6
44.6
16
17
18
19
20
21
-0.1
26.5
-0.0
26.1
-15.9
24.2
-9.7
25.1
-0.1
28.2
-8.6
24.4
-9.7
25.1
-0.4
22.2
-0.2
23.5
-0.1
26.6
-0.1
28.2
20
21
22
Miscellaneous liabilities
19.4
11.1
12.4
12.7
8.8
14.4
12.7
15.3
15.5
15.4
8.8
22
79
2
3
4
6
7
8
9
10
11
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1380.2
1360.5
1376.6
1435.3
1527.1
1418.5
1435.3
1458.4
1471.6
1493.9
1527.1
27.6
29.6
4.5
32.6
25.6
3.8
24.1
20.0
1.7
36.4
22.3
1.8
30.8
22.7
1.8
32.9
22.1
1.8
36.4
22.3
1.8
31.7
22.7
1.8
30.6
20.5
1.6
30.6
22.0
1.7
30.8
22.7
1.8
2
3
4
886.7
890.6
926.8
924.2
938.6
921.0
924.2
929.4
930.4
936.2
938.6
9.8
88.5
116.2
7.9
91.7
115.8
8.8
96.4
122.7
7.4
90.2
113.6
7.3
89.6
114.3
7.8
91.4
115.3
7.4
90.2
113.6
7.5
90.2
114.3
6.8
89.0
114.6
7.3
90.3
115.1
7.3
89.6
114.3
6
7
8
Municipal securities
Corporate and foreign bonds
Commercial mortgages
369.4
298.3
4.4
348.4
322.6
4.1
331.0
363.1
4.9
327.6
379.8
5.6
332.3
387.8
7.3
327.0
373.9
5.5
327.6
379.8
5.6
329.5
382.0
5.8
330.4
383.0
6.6
331.9
384.7
7.0
332.3
387.8
7.3
9
10
11
12
13
Corporate equities
Mutual fund shares
215.6
9.5
214.8
10.2
220.8
9.1
252.2
11.8
301.6
15.5
252.3
11.3
252.2
11.8
267.2
12.9
272.0
13.4
280.0
14.4
301.6
15.5
12
13
14
15
Trade receivables
Miscellaneous assets
83.0
123.7
83.8
99.1
87.2
86.9
92.0
94.6
99.5
116.7
94.5
82.6
92.0
94.6
94.0
98.7
96.6
106.4
98.3
110.8
99.5
116.7
14
15
804.3
823.2
856.0
886.9
903.4
882.6
886.9
888.5
892.6
896.9
903.4
16
0.6
-15.8
819.5
1.5
-10.1
831.9
0.4
-14.5
870.1
0.8
-10.8
896.9
2.2
-1.6
902.7
0.6
-8.7
890.7
0.8
-10.8
896.9
1.1
-3.2
890.5
1.4
-5.2
896.4
1.8
-2.5
897.6
2.2
-1.6
902.7
17
18
19
16
17
18
19
Total liabilities
Security repurchase agreements
Taxes payable (net)
Miscellaneous liabilities
2
3
4
6
7
8
9
10
11
12
13
14
Corporate equities
Mutual fund shares
15
Miscellaneous assets
16
Total liabilities
4823.9
5167.8
5340.1
5614.7
6035.2
5561.8
5614.7
5738.5
5750.7
5856.9
6035.2
50.7
33.7
10.2
51.7
21.0
10.9
53.7
28.8
10.1
56.4
27.5
8.5
57.9
23.5
6.2
53.5
27.8
8.5
56.4
27.5
8.5
57.7
28.0
8.7
48.1
20.1
5.4
57.3
23.8
6.4
57.9
23.5
6.2
2
3
4
3022.6
3174.2
3299.6
3360.6
3429.2
3343.2
3360.6
3372.0
3392.5
3408.8
3429.2
49.8
133.5
371.9
73.1
1927.2
140.9
326.1
40.9
156.6
376.0
112.3
2030.2
140.7
317.5
29.7
175.4
374.4
121.8
2117.3
148.6
332.5
43.6
179.6
360.6
131.4
2150.6
150.4
344.4
35.2
183.2
362.8
135.1
2200.4
153.0
359.4
38.7
178.2
363.9
128.9
2141.2
148.9
343.5
43.6
179.6
360.6
131.4
2150.6
150.4
344.4
38.7
179.9
362.1
132.3
2165.3
149.6
344.2
37.5
180.8
363.5
133.3
2177.8
151.3
348.3
40.4
182.6
363.5
133.6
2180.5
152.1
356.0
35.2
183.2
362.8
135.1
2200.4
153.0
359.4
6
7
8
9
10
11
12
1208.5
140.8
1402.6
155.7
1390.2
150.1
1545.1
159.3
1888.1
184.6
1543.7
159.3
1545.1
159.3
1655.4
167.6
1679.9
168.8
1739.1
175.9
1888.1
184.6
13
14
357.6
351.9
407.6
457.4
445.6
425.8
457.4
449.1
435.9
445.6
445.6
15
4532.3
4844.3
5002.2
5248.8
5651.5
5202.6
5248.8
5365.9
5381.2
5481.5
5651.5
16
12.4
48.3
10.3
45.1
10.4
46.8
13.5
51.6
12.7
57.0
12.7
52.4
13.5
51.6
13.7
52.9
13.8
54.5
13.4
53.8
12.7
57.0
17
18
17
18
19
20
1194.5
2350.4
1229.9
2568.5
1302.3
2601.7
1309.0
2786.8
1365.7
3084.8
1303.1
2746.2
1309.0
2786.8
1320.0
2873.4
1327.0
2879.4
1346.9
2948.3
1365.7
3084.8
19
20
21
22
-31.4
958.0
-28.8
1019.3
-23.6
1064.6
-28.3
1116.2
-30.5
1161.8
-23.6
1112.0
-28.3
1116.2
-28.4
1134.3
-30.1
1136.6
-30.1
1149.2
-30.5
1161.8
21
22
(1) Additional detail on the financial assets and liabilities held in life insurers general and separate accounts is available on L.115.g and L.115.s.
(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).
Levels
2009
80
2
3
4
5
7
8
9
10
11
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
12713.2
14030.1
14371.7
15145.0
16344.2
15047.6
15145.0
15528.4
15697.7
15986.6
16344.2
14.0
61.5
188.4
5.9
16.7
67.0
181.3
6.1
22.8
71.9
200.1
6.3
22.3
68.8
194.7
6.1
21.7
67.4
192.1
5.9
22.0
69.5
196.1
6.4
22.3
68.8
194.7
6.1
22.3
68.7
194.4
6.1
22.5
66.0
191.2
5.8
22.1
66.1
190.0
5.8
21.7
67.4
192.1
5.9
2
3
4
5
1663.5
1819.6
1918.8
1961.1
2024.3
1948.1
1961.1
1978.2
1974.9
1893.1
2024.3
77.4
454.2
346.8
748.6
35.2
81.0
505.6
355.6
837.8
37.5
86.7
570.2
366.8
859.0
33.0
82.8
671.5
419.1
753.3
29.3
75.4
734.4
440.0
748.8
23.5
83.7
647.9
406.6
775.2
30.1
82.8
671.5
419.1
753.3
29.3
83.2
695.6
430.9
735.0
28.2
80.0
698.4
434.6
730.8
27.1
78.6
610.1
437.2
738.7
25.7
75.4
734.4
440.0
748.8
23.5
7
8
9
10
11
12
13
Corporate equities
Mutual fund shares
3381.7
2032.7
3857.4
2307.9
3653.5
2259.6
4156.3
2581.2
5146.3
3219.3
4172.4
2588.3
4156.3
2581.2
4540.0
2818.0
4599.7
2877.1
4830.5
3035.0
5146.3
3219.3
12
13
14
15
16
Miscellaneous assets
Claims of pension fund on sponsor (3)
Other
5365.5
3226.8
600.5
5774.2
3517.7
628.9
6238.6
3842.9
681.8
6154.5
3701.3
679.9
5667.2
3064.9
703.0
6044.7
3627.6
678.5
6154.5
3701.3
679.9
5900.7
3431.4
673.8
5960.4
3565.9
685.1
5943.9
3551.6
691.3
5667.2
3064.9
703.0
14
15
16
12855.5
14177.2
14519.2
15302.0
16515.9
15202.6
15302.0
15689.9
15859.3
16153.1
16515.9
17
9297.3
6088.6
3226.8
10146.1
6646.6
3517.7
10497.1
6670.7
3842.9
10871.2
7185.8
3701.3
11218.7
8171.1
3064.9
10776.4
7165.0
3627.6
10871.2
7185.8
3701.3
10958.1
7543.0
3431.4
11044.9
7495.3
3565.9
11131.8
7698.4
3551.6
11218.7
8171.1
3064.9
18
19
20
19153.6
9173.1
3540.1
4488.0
1952.4
21193.7
10017.2
4013.0
5029.0
2134.5
21533.3
10366.1
4005.6
5001.0
2160.7
23024.8
10730.0
4415.0
5561.0
2318.8
ND
11064.3
5279.9
ND
ND
22827.8
10637.6
4410.0
5495.0
2285.2
23024.8
10730.0
4415.0
5561.0
2318.8
23764.9
10813.0
4715.4
5842.0
2394.4
23992.0
10899.7
4798.0
5894.0
2400.4
24610.9
10981.8
5004.8
6164.0
2460.3
ND
11064.3
5279.9
ND
ND
21
22
23
24
25
17
Levels
Memo:
18
19
20
21
22
23
24
25
(1) Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans (including 401(k) type plans).
(2) Includes claims on sponsor (i.e., unfunded defined benefit pension entitlements).
(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
(4) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
(5) Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
(6) Households retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
(7) Additional detail on private defined benefit plans is available on table L.117.b.
(8) Additional detail on private defined contribution plans is available on table L.117.c.
(9) IRA assets are not included above. See table L.226.i for a sectoral distribution of IRA accounts.
(10) Annuities held in IRAs at life insurance companies are excluded. They are included in line 24.
81
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
5936.8
6584.2
6637.0
7117.9
7966.2
7087.5
7117.9
7415.4
7515.5
7718.1
7966.2
2
3
4
5
10.4
33.0
147.4
2.9
12.6
32.1
137.3
2.7
18.3
33.4
154.1
2.7
18.0
31.6
150.2
2.6
17.5
31.1
148.7
2.5
17.7
32.1
151.4
2.8
18.0
31.6
150.2
2.6
18.0
31.6
150.1
2.6
18.4
31.2
149.6
2.6
18.1
31.0
148.1
2.5
17.5
31.1
148.7
2.5
2
3
4
5
795.5
918.6
991.8
1004.8
1049.5
1006.5
1004.8
1011.9
1029.4
1040.5
1049.5
45.3
182.4
184.0
360.0
23.8
42.6
215.6
190.4
443.4
26.6
44.7
243.4
193.8
488.0
21.9
42.3
291.4
210.9
440.7
19.4
38.3
331.6
224.6
438.6
16.5
43.0
283.2
206.9
453.4
20.0
42.3
291.4
210.9
440.7
19.4
42.8
306.4
213.2
430.7
18.7
42.1
319.4
217.3
432.6
18.0
40.4
326.3
220.7
435.8
17.2
38.3
331.6
224.6
438.6
16.5
7
8
9
10
11
7
8
9
10
11
2010
12
13
Corporate equities
Mutual fund shares
1647.1
1827.5
1938.3
2084.7
1826.1
2052.8
2041.8
2340.9
2484.1
2920.7
2057.3
2348.6
2041.8
2340.9
2206.1
2553.3
2238.6
2608.9
2346.4
2755.7
2484.1
2920.7
12
13
14
15
16
17
18
Miscellaneous assets
Unallocated insurance contracts (3)
Contributions receivable
Claims of pension fund on sponsor (4)
Other
1472.9
385.4
75.6
497.6
514.4
1457.9
393.7
91.1
446.5
526.7
1557.7
406.3
94.0
486.6
570.8
1528.0
427.2
92.1
440.2
568.6
1312.1
455.9
91.1
187.7
577.5
1471.1
422.7
92.7
388.1
567.6
1528.0
427.2
92.1
440.2
568.6
1441.7
437.7
92.3
349.7
562.0
1436.8
438.6
92.4
335.6
570.2
1375.8
447.3
92.1
265.7
570.7
1312.1
455.9
91.1
187.7
577.5
14
15
16
17
18
5973.2
6620.7
6673.5
7154.4
8002.7
7124.0
7154.4
7451.9
7552.1
7754.7
8002.7
19
19
20
21
22
2662.7
2165.1
497.6
2872.2
2425.7
446.5
2953.1
2466.4
486.6
3054.3
2614.2
440.2
3105.0
2917.3
187.7
3029.0
2640.9
388.1
3054.3
2614.2
440.2
3067.0
2717.3
349.7
3079.7
2744.1
335.6
3092.4
2826.7
265.7
3105.0
2917.3
187.7
20
21
22
23
24
2626.3
3310.5
2835.7
3748.5
2916.6
3720.4
3017.8
4100.1
3068.5
4897.7
2992.5
4095.0
3017.8
4100.1
3030.5
4384.9
3043.2
4472.4
3055.8
4662.3
3068.5
4897.7
23
24
(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).
(2) Includes claims on sponsor (i.e., unfunded pension entitlements).
(3) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4.
(4) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
(6) Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
(7) Additional detail on defined benefit plans and defined contribution plans is available on L.117.b and L.117.c.
Levels
2009
82
7
8
9
10
11
12
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3853.9
4298.2
4478.2
4652.6
4846.3
4607.4
4652.6
4700.2
4752.2
4799.3
4846.3
3.5
28.5
40.9
3.0
4.1
34.9
44.0
3.4
4.5
38.5
46.0
3.6
4.3
37.2
44.5
3.5
4.2
36.3
43.4
3.4
4.4
37.4
44.7
3.5
4.3
37.2
44.5
3.5
4.3
37.1
44.3
3.5
4.1
34.8
41.6
3.3
4.1
35.0
41.9
3.3
4.2
36.3
43.4
3.4
2
3
4
5
737.2
759.3
759.6
773.6
783.0
763.6
773.6
787.1
777.4
780.4
783.0
32.1
151.9
157.6
1.4
382.8
11.4
38.4
160.0
159.4
2.2
388.5
10.9
41.9
173.3
166.5
3.1
363.7
11.1
40.5
214.5
200.1
5.0
303.5
9.9
37.1
224.7
209.0
2.3
302.9
7.0
40.8
203.8
191.7
4.4
312.8
10.1
40.5
214.5
200.1
5.0
303.5
9.9
40.4
225.9
210.2
5.3
295.7
9.5
37.9
226.0
210.2
4.1
290.2
9.1
38.2
225.7
209.9
2.9
295.3
8.5
37.1
224.7
209.0
2.3
302.9
7.0
7
8
9
10
11
12
13
14
Corporate equities
Mutual fund shares
1617.8
205.2
1778.2
223.2
1693.0
206.9
1966.4
240.3
2454.5
298.5
1961.9
239.7
1966.4
240.3
2166.1
264.7
2187.3
268.2
2299.0
279.4
2454.5
298.5
13
14
15
16
17
Miscellaneous assets
Claims of pension fund on sponsor (3)
Other
1217.8
1131.7
86.1
1451.1
1348.9
102.2
1726.1
1615.1
111.0
1582.8
1471.5
111.3
1222.8
1097.3
125.5
1552.2
1441.3
110.9
1582.8
1471.5
111.3
1393.1
1281.4
111.7
1435.6
1320.7
114.9
1356.2
1235.6
120.6
1222.8
1097.3
125.5
15
16
17
3959.8
4408.7
4589.2
4773.1
4981.4
4725.9
4773.1
4825.2
4877.3
4929.4
4981.4
18
3959.8
2828.1
1131.7
4408.7
3059.8
1348.9
4589.2
2974.1
1615.1
4773.1
3301.6
1471.5
4981.4
3884.1
1097.3
4725.9
3284.6
1441.3
4773.1
3301.6
1471.5
4825.2
3543.8
1281.4
4877.3
3556.6
1320.7
4929.4
3693.7
1235.6
4981.4
3884.1
1097.3
19
20
21
18
Levels
2
3
4
5
2010
19
20
21
2922.5
3147.8
3256.5
3374.5
3531.7
3352.7
3374.5
3412.8
3429.9
3469.1
3531.7
2
3
4
5
130.9
119.9
5.2
5.7
141.8
130.0
5.8
5.9
167.3
153.5
6.5
7.3
182.7
165.6
8.1
9.0
191.8
178.1
6.4
7.3
178.0
160.9
8.0
9.0
182.7
165.6
8.1
9.0
179.2
163.2
7.5
8.5
168.1
153.1
7.0
8.0
72.3
58.1
6.6
7.5
191.8
178.1
6.4
7.3
2
3
4
5
Corporate equities
116.8
140.9
134.4
148.1
207.7
153.3
148.1
167.8
173.8
185.0
207.7
7
8
9
Miscellaneous assets
Nonmarketable Treasury securities (3)
Claims of pension fund on sponsor (4)
2674.8
1077.2
1597.6
2865.1
1142.9
1722.2
2954.8
1213.7
1741.1
3043.7
1254.1
1789.6
3132.3
1352.3
1780.0
3021.5
1223.3
1798.2
3043.7
1254.1
1789.6
3065.9
1265.5
1800.3
3088.0
1178.4
1909.6
3211.8
1161.5
2050.3
3132.3
1352.3
1780.0
7
8
9
2922.5
3147.8
3256.5
3374.5
3531.7
3352.7
3374.5
3412.8
3429.9
3469.1
3531.7
10
10
11
12
13
2674.8
1095.4
1597.6
2865.1
1161.1
1722.2
2954.8
1230.2
1741.1
3043.7
1270.0
1789.6
3132.3
1369.6
1780.0
3021.5
1239.5
1798.2
3043.7
1270.0
1789.6
3065.9
1282.0
1800.3
3088.0
1194.7
1909.6
3110.1
1178.0
2050.3
3132.3
1369.6
1780.0
11
12
13
14
15
2692.9
229.6
2883.3
264.5
2971.3
285.2
3059.6
314.9
3149.6
382.2
3037.7
315.0
3059.6
314.9
3082.3
330.5
3104.3
325.6
3126.6
342.5
3149.6
382.2
14
15
83
2
3
4
5
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Security repurchase agreements
7
8
9
10
11
12
13
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3258.6
2755.4
2642.5
2649.6
2678.3
2506.9
2649.6
2554.0
2541.9
2637.4
2678.3
97.1
17.9
566.6
480.0
105.9
14.2
458.9
479.4
42.9
20.1
402.7
490.5
43.3
16.5
435.4
544.7
33.7
13.3
494.9
493.0
40.2
11.3
396.9
513.2
43.3
16.5
435.4
544.7
48.7
10.9
429.4
470.7
37.1
27.5
444.3
450.4
36.3
11.0
494.4
489.1
33.7
13.3
494.9
493.0
2
3
4
5
2070.0
1673.4
1663.6
1580.9
1611.8
1520.2
1580.9
1562.7
1550.9
1572.8
1611.8
510.5
406.4
543.0
440.1
169.9
394.2
335.4
402.8
386.7
154.2
354.2
443.3
403.7
357.3
105.1
340.8
457.8
343.5
336.7
102.1
352.1
488.2
361.1
308.3
102.1
319.4
456.3
331.4
320.1
93.0
340.8
457.8
343.5
336.7
102.1
351.1
470.5
325.6
312.5
103.0
356.6
449.0
345.0
309.6
90.7
357.9
466.5
354.0
305.1
89.1
352.1
488.2
361.1
308.3
102.1
7
8
9
10
11
26.9
23.5
22.7
28.8
31.7
25.1
28.8
31.5
31.9
33.8
31.7
12
3258.6
2755.4
2642.5
2649.6
2678.3
2506.9
2649.6
2554.0
2541.9
2637.4
2678.3
13
10087.4
10299.5
10904.9
11526.8
(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).
4
5
6
7
8
9
10
11
12
6920.7
7873.0
7870.9
9323.6
11526.8
9131.0
9323.6
153.3
137.5
108.7
262.7
358.4
286.8
262.7
307.9
328.2
354.0
358.4
2616.3
2969.9
3329.3
3981.3
4342.2
3851.6
3981.3
4184.4
4242.8
4287.7
4342.2
80.2
258.0
603.2
478.8
1120.7
75.4
66.3
380.5
680.1
525.5
1243.0
74.6
40.0
456.6
784.8
541.2
1413.4
93.5
77.5
579.6
871.8
627.4
1719.4
105.7
106.1
641.4
837.0
610.9
2001.4
145.4
99.8
531.3
876.0
610.5
1633.4
100.6
77.5
579.6
871.8
627.4
1719.4
105.7
98.5
638.9
870.5
646.6
1816.6
113.4
100.7
627.5
874.3
641.0
1868.5
130.9
104.6
640.9
836.4
620.7
1947.3
137.9
106.1
641.4
837.0
610.9
2001.4
145.4
4
5
6
7
8
9
4136.2
14.9
4762.7
2.9
4427.2
5.7
5107.0
-27.4
6809.2
17.0
5037.8
-45.3
5107.0
-27.4
5611.2
-16.2
5743.8
-15.3
6246.2
17.0
6809.2
17.0
10
11
6920.7
7873.0
7870.9
9323.6
11526.8
9131.0
9323.6
10087.4
10299.5
10904.9
11526.8
12
(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).
229.3
243.8
241.3
257.2
291.1
253.3
257.2
272.1
278.5
280.6
291.1
141.1
4.4
81.2
55.6
88.1
146.4
5.1
81.5
59.8
97.4
144.7
4.8
82.5
57.4
96.5
155.9
5.2
85.7
65.0
101.3
173.6
5.8
86.1
81.7
117.6
152.2
5.2
84.5
62.5
101.1
155.9
5.2
85.7
65.0
101.3
163.5
5.7
86.2
71.6
108.6
170.0
5.8
86.8
77.5
108.4
170.2
5.8
86.1
78.3
110.4
173.6
5.8
86.1
81.7
117.6
2
3
4
5
6
229.3
243.8
241.3
257.2
291.1
253.3
257.2
272.1
278.5
280.6
291.1
773.1
986.8
1042.6
1324.4
1670.6
1268.2
1324.4
1434.0
1413.7
1537.3
1670.6
103.0
41.8
5.9
55.4
670.0
132.7
51.0
7.6
74.1
854.1
178.8
62.4
8.6
107.7
863.8
231.1
63.6
12.3
155.3
1093.3
243.3
57.1
11.4
174.8
1427.3
221.1
62.7
11.3
147.1
1047.1
231.1
63.6
12.3
155.3
1093.3
238.2
62.8
13.0
162.3
1195.9
241.4
64.1
12.5
164.9
1172.2
245.8
63.9
11.5
170.4
1291.5
243.3
57.1
11.4
174.8
1427.3
9
10
11
12
13
773.1
986.8
1042.6
1324.4
1670.6
1268.2
1324.4
1434.0
1413.7
1537.3
1670.6
14
Exchange-traded funds
8
9
10
11
12
13
14
Levels
84
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3048.5
6722.4
6480.2
6275.1
6361.5
6304.5
6275.1
6328.7
6308.3
6339.7
6361.5
99.4
25.7
123.3
63.4
26.1
151.2
72.7
13.4
112.3
52.6
4.3
150.8
71.9
8.0
155.9
36.1
3.7
174.9
52.6
4.3
150.8
64.1
3.6
193.6
51.7
4.8
151.3
77.4
7.5
133.4
71.9
8.0
155.9
2
3
4
2699.7
6333.1
6133.4
5914.8
5960.1
5950.1
5914.8
5899.5
5932.8
5954.5
5960.1
9.7
36.6
924.5
9.9
82.6
377.0
6.5
100.2
358.9
3.4
69.0
310.6
5.6
57.4
293.3
4.2
72.3
323.9
3.4
69.0
310.6
4.2
74.6
300.6
4.3
75.5
292.5
5.0
82.6
294.7
5.6
57.4
293.3
6
7
8
9
10
Municipal securities
Corporate and foreign bonds
29.1
296.0
24.9
266.5
21.0
235.7
17.0
185.7
13.2
129.4
18.1
199.6
17.0
185.7
16.3
179.9
14.8
168.6
13.8
139.1
13.2
129.4
9
10
11
12
13
14
695.9
0.0
80.0
615.9
551.3
0.0
87.3
464.0
487.0
0.0
83.8
403.3
505.7
0.0
92.1
413.6
580.1
0.0
95.0
485.1
487.6
0.0
89.3
398.3
505.7
0.0
92.1
413.6
498.8
0.0
91.4
407.4
541.0
0.0
90.3
450.7
547.3
0.0
89.7
457.7
580.1
0.0
95.0
485.1
11
12
13
14
15
Mortgages
707.7
5021.0
4924.0
4823.5
4881.1
4844.5
4823.5
4825.0
4836.1
4872.0
4881.1
15
6
7
8
Levels
2
3
4
2010
16
17
18
Home
Consolidated trusts (2)
Other
431.3
0.0
431.3
4687.1
4141.0
546.1
4583.9
4032.1
551.8
4472.3
3958.0
514.2
4547.6
4087.7
459.9
4495.5
3978.0
517.5
4472.3
3958.0
514.2
4476.4
3982.2
494.2
4490.1
4005.6
484.5
4531.3
4064.3
466.9
4547.6
4087.7
459.9
16
17
18
19
20
21
Multifamily residential
Consolidated trusts (2)
Other
204.4
0.0
204.4
256.5
75.4
181.1
259.2
99.9
159.4
265.5
127.4
138.1
243.5
146.3
97.2
264.6
118.6
146.0
265.5
127.4
138.1
261.9
133.9
128.0
258.1
139.2
118.8
251.8
141.9
109.9
243.5
146.3
97.2
19
20
21
22
72.0
77.4
80.9
85.8
89.9
84.5
85.8
86.7
87.9
88.9
89.9
22
23
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
23
24
Miscellaneous assets
100.3
148.6
148.5
152.6
165.6
139.6
152.6
167.9
167.7
166.8
165.6
24
2977.0
6615.1
6377.9
6216.8
6314.6
6236.4
6216.8
6223.6
6259.5
6267.3
6314.6
25
25
Farm
Total liabilities
26
1.2
1.3
0.4
0.0
0.0
0.0
0.0
0.2
0.0
0.0
0.0
26
27
2706.6
6434.5
6247.3
6092.7
6199.2
6111.5
6092.7
6103.5
6137.6
6147.7
6199.2
27
28
29
30
31
2706.6
0.0
2706.6
0.0
6434.5
4216.4
2218.1
0.0
6247.3
4132.0
2115.4
0.0
6092.7
4085.4
2007.3
0.0
6199.2
4234.0
1965.2
0.0
6111.5
4096.6
2014.9
0.0
6092.7
4085.4
2007.3
0.0
6103.5
4116.1
1987.4
0.0
6137.6
4144.9
1992.8
0.0
6147.7
4206.2
1941.5
0.0
6199.2
4234.0
1965.2
0.0
28
29
30
31
269.2
179.4
130.2
124.1
115.4
124.8
124.1
119.9
121.9
119.6
115.4
32
32
Miscellaneous liabilities
(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, 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. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.124) are consolidated on Fannie Maes and
Freddie Macs balance sheets.
(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.
(3) Sallie Mae student loans.
(4) Such issues are classified as agency- and GSE-backed securities.
5376.7
1139.5
1304.8
1437.0
1569.5
1408.0
1437.0
1462.7
1498.1
1540.8
1569.5
2
3
4
5
Home mortgages
Multifamily residential mortgages
Commercial mortgages
Farm mortgages
5266.5
105.7
0.0
4.5
1068.8
66.9
0.0
3.8
1216.8
86.4
0.0
1.7
1321.8
113.4
0.0
1.9
1420.6
147.1
0.0
1.8
1301.7
104.3
0.0
2.0
1321.8
113.4
0.0
1.9
1340.2
120.6
0.0
1.9
1366.2
130.1
0.0
1.8
1400.2
138.8
0.0
1.8
1420.6
147.1
0.0
1.8
2
3
4
5
5376.7
1139.5
1304.8
1437.0
1569.5
1408.0
1437.0
1462.7
1498.1
1540.8
1569.5
(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on Fannie
Maes and Freddie Macs balance sheets (table L.123). 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.
85
2
3
4
Treasury securities
Agency- and GSE-backed securities (1)
Other loans and advances
5
6
7
8
Mortgages (2)
Home
Multifamily residential
Commercial
9
10
11
12
13
Consumer credit
Trade credit
Total liabilities
Commercial paper
Corporate bonds (net) (3)
Memo:
Securitized assets not included above
14
Consumer leases (4)
15
REIT assets (5)
Securitized liabilities not included above
16
Commercial paper (6)
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3286.6
2232.1
1985.0
1770.4
1616.1
1803.4
1770.4
1716.9
1664.8
1632.4
1616.1
53.9
99.6
252.2
40.1
3.6
167.8
29.2
0.3
162.4
23.4
0.3
161.7
19.5
0.1
151.7
23.2
0.2
157.1
23.4
0.3
161.7
20.5
0.2
150.8
21.2
0.1
147.6
22.9
0.1
151.1
19.5
0.1
151.7
2
3
4
2247.2
1576.9
107.0
563.3
1918.5
1301.7
98.4
518.4
1699.3
1108.5
90.7
500.1
1493.9
927.2
81.1
485.7
1360.5
793.1
75.5
491.9
1533.6
969.2
82.9
481.5
1493.9
927.2
81.1
485.7
1455.4
893.6
77.6
484.2
1411.6
854.6
74.8
482.2
1375.3
819.4
74.3
481.6
1360.5
793.1
75.5
491.9
5
6
7
8
572.5
61.3
50.3
51.8
46.2
47.6
49.9
41.2
48.6
35.7
47.9
41.4
49.9
41.2
49.8
40.1
48.0
36.2
48.4
34.6
48.6
35.7
9
10
3288.9
2232.1
1985.0
1770.4
1616.1
1803.4
1770.4
1716.9
1664.8
1632.4
1616.1
11
293.1
2995.9
120.2
2112.0
96.0
1888.9
87.0
1683.4
79.4
1536.6
86.8
1716.6
87.0
1683.4
88.0
1628.9
79.6
1585.2
78.7
1553.6
79.4
1536.6
12
13
2.3
20.1
0.0
20.5
0.0
17.4
0.0
12.9
0.0
16.1
0.0
14.9
0.0
12.9
0.0
13.6
0.0
15.7
0.0
16.1
0.0
16.1
14
15
0.0
112.9
120.6
87.5
59.7
90.7
87.5
74.4
64.2
57.3
59.7
16
Levels
2010
(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.
(2) Mortgages backing privately issued pool securities and privately issued CMOs.
(3) Liabilities net of assets.
(4) 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 nonfinancial asset.
(5) Included in table L.127.
(6) Included in table L.110 line 43.
2
3
5
6
7
8
9
10
11
1662.5
1588.5
1569.3
1493.7
1474.3
1513.8
1493.7
1480.4
1476.3
1488.2
1474.3
17.0
51.0
26.5
79.6
31.7
95.0
27.8
83.5
31.7
95.0
30.8
92.4
27.8
83.5
29.2
87.6
28.9
86.6
33.3
99.9
31.7
95.0
2
3
1549.7
1405.4
1359.6
1324.9
1309.1
1327.5
1324.9
1314.8
1314.5
1314.7
1309.1
198.6
448.9
430.3
471.9
84.1
372.7
243.5
705.0
85.0
375.8
211.2
687.6
78.7
387.0
179.5
679.8
70.1
403.0
157.0
679.0
85.3
377.5
188.1
676.6
78.7
387.0
179.5
679.8
78.1
390.9
174.4
671.3
73.7
395.0
171.2
674.6
72.8
397.5
165.9
678.5
70.1
403.0
157.0
679.0
5
6
7
8
44.8
77.0
83.1
57.4
38.6
63.1
57.4
48.8
46.4
40.3
38.6
1630.3
1558.7
1532.7
1445.6
1424.4
1473.5
1445.6
1428.9
1422.9
1432.6
1424.4
10
1044.1
1280.7
1261.9
1205.1
1209.8
1244.0
1205.1
1193.0
1196.0
1206.6
1209.8
11
12
13
14
15
62.1
837.5
144.5
0.0
111.0
1078.2
91.5
0.0
121.0
1038.8
102.1
0.0
129.1
957.5
118.5
0.0
118.8
962.4
128.6
0.0
123.1
1005.1
115.8
0.0
129.1
957.5
118.5
0.0
121.8
952.5
118.7
0.0
119.6
949.0
127.5
0.0
124.9
955.1
126.7
0.0
118.8
962.4
128.6
0.0
12
13
14
15
16
17
18
19
20
Taxes payable
Miscellaneous liabilities
Foreign direct investment in U.S.
Investment by parent
Other
12.7
573.6
90.0
280.5
203.1
6.0
271.9
114.7
175.7
-18.4
6.7
264.1
96.1
163.7
4.3
6.7
233.8
96.3
162.8
-25.3
6.7
207.9
97.4
161.8
-51.2
6.5
223.0
94.9
150.4
-22.3
6.7
233.8
96.3
162.8
-25.3
6.9
229.0
95.3
160.4
-26.8
6.8
220.1
95.9
162.6
-38.5
7.0
218.9
96.1
163.0
-40.1
6.7
207.9
97.4
161.8
-51.2
16
17
18
19
20
85.4
111.8
119.7
144.0
166.7
137.2
144.0
149.7
156.9
163.5
166.7
21
21
Memo:
Consumer leases not included above (2)
86
4
5
6
7
8
9
Mortgages
Home
Multifamily residential
Commercial
10
11
Levels
Miscellaneous assets
Total liabilities
12
13
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
241.2
283.0
401.3
559.0
526.0
566.6
559.0
565.9
559.2
538.5
526.0
26.3
23.5
25.6
33.1
41.0
32.7
33.1
38.9
36.0
39.4
41.0
168.9
206.0
308.9
436.6
387.7
451.4
436.6
429.4
414.1
406.7
387.7
105.1
15.5
143.3
20.8
244.7
22.1
356.2
32.2
280.0
36.4
375.4
30.6
356.2
32.2
343.4
37.1
325.5
36.6
302.2
36.4
280.0
36.4
4
5
48.3
12.6
2.3
33.4
41.9
8.9
1.9
31.2
42.1
8.1
1.7
32.3
48.3
13.6
1.8
32.8
71.3
32.7
2.6
36.1
45.4
12.3
1.7
31.4
48.3
13.6
1.8
32.8
48.9
15.4
2.1
31.3
52.0
16.5
2.8
32.7
68.1
30.3
2.7
35.1
71.3
32.7
2.6
36.1
6
7
8
9
46.1
53.5
66.8
89.3
97.3
82.4
89.3
97.5
109.1
92.5
97.3
10
458.8
501.7
633.2
796.4
761.0
793.8
796.4
798.4
789.9
767.9
761.0
11
90.4
120.5
215.4
318.7
281.0
319.9
318.7
320.6
308.3
284.2
281.0
12
317.4
315.2
343.4
386.3
408.0
371.2
386.3
390.5
393.8
409.5
408.0
13
14
15
0.0
129.8
0.0
129.7
0.0
145.1
0.0
171.2
0.0
190.0
0.0
163.5
0.0
171.2
0.0
173.1
0.0
179.5
0.0
188.7
0.0
190.0
14
15
16
17
20.7
166.9
18.5
167.1
22.1
176.2
23.4
191.8
28.5
189.5
19.6
188.0
23.4
191.8
20.1
197.3
21.1
193.2
27.4
193.4
28.5
189.5
16
17
51.1
66.0
74.4
91.4
72.0
102.6
91.4
87.3
87.8
74.2
72.0
18
20.1
0.0
6.1
0.4
13.7
20.5
0.0
7.2
0.4
13.0
17.4
0.0
6.5
0.3
10.7
12.9
0.0
10.0
0.3
2.5
16.1
0.0
12.5
0.3
3.3
14.9
0.0
9.4
0.3
5.2
12.9
0.0
10.0
0.3
2.5
13.6
0.0
10.5
0.3
2.8
15.7
0.0
12.5
0.3
2.8
16.1
0.0
12.5
0.3
3.3
16.1
0.0
12.5
0.3
3.3
19
20
21
22
23
18
19
20
21
22
23
Miscellaneous liabilities
Memo:
Securitized assets included above
Agency- and GSE-backed securities
Home mortgages
Multifamily residential mortgages
Commercial mortgages
(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on L.127.e and L.127.m.
87
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2084.2
2075.1
1949.7
2068.3
2087.4
2048.8
2068.3
2089.2
2083.0
2059.6
2087.4
90.7
96.9
111.8
128.2
111.7
113.5
128.2
111.6
121.8
116.8
111.7
525.3
557.5
563.2
652.3
476.9
589.1
652.3
602.7
516.9
499.1
476.9
4
5
6
41.5
123.0
110.9
36.2
94.5
149.8
42.1
183.6
147.7
29.9
246.5
169.6
28.7
136.0
114.2
33.2
190.2
165.5
29.9
246.5
169.6
30.0
202.6
153.9
29.4
165.6
125.8
31.0
166.3
105.7
28.7
136.0
114.2
4
5
6
7
8
9
Municipal securities
Corporate and foreign bonds
Other loans and advances
35.4
154.4
60.1
40.0
189.5
47.4
30.9
104.5
54.3
26.6
140.0
39.6
18.6
133.1
46.3
29.0
139.3
31.9
26.6
140.0
39.6
31.0
148.0
37.2
19.0
134.8
42.2
18.3
134.1
43.8
18.6
133.1
46.3
7
8
9
124.2
203.0
117.2
278.2
103.2
238.9
126.7
303.7
172.4
339.2
127.9
269.1
126.7
303.7
117.1
307.9
121.4
302.6
126.8
313.7
172.4
339.2
10
11
1141.0
1025.3
932.6
857.4
987.2
949.2
857.4
949.8
1020.4
1003.3
987.2
12
1977.7
1975.8
1869.0
1976.3
1992.3
1955.3
1976.3
1992.6
1987.2
1966.2
1992.3
13
470.9
404.7
215.3
189.2
135.3
169.2
189.2
203.6
183.1
143.4
135.3
14
92.9
129.7
91.8
90.2
112.4
85.8
90.2
89.1
103.1
96.1
112.4
15
92.9
0.0
129.7
0.0
91.8
0.0
90.2
0.0
112.4
0.0
85.8
0.0
90.2
0.0
89.1
0.0
103.1
0.0
96.1
0.0
112.4
0.0
16
17
70.1
18.1
14.3
14.2
14.5
13.0
14.2
15.4
15.6
13.3
14.5
18
888.2
668.6
158.0
61.6
936.6
694.3
152.3
90.1
1073.7
752.4
189.6
131.7
1208.7
776.0
243.0
189.7
1209.3
833.8
187.1
188.4
1213.2
780.2
241.8
191.3
1208.7
776.0
243.0
189.7
1184.2
782.6
209.0
192.6
1209.0
820.3
198.7
190.0
1222.7
826.5
188.0
208.1
1209.3
833.8
187.1
188.4
19
20
21
22
5.7
3.6
2.5
3.1
3.7
3.7
3.1
4.4
4.4
4.6
3.7
23
450.0
64.4
1119.3
-733.7
483.0
88.5
1122.9
-728.3
471.4
96.3
1163.3
-788.1
470.9
103.5
1626.3
-1258.9
517.0
108.3
1659.1
-1250.4
470.4
100.4
1510.4
-1140.4
470.9
103.5
1626.3
-1258.9
495.9
105.1
1620.3
-1229.4
471.9
106.1
1632.8
-1267.0
486.1
107.2
1601.9
-1223.0
517.0
108.3
1659.1
-1250.4
24
25
26
27
10
11
Corporate equities
Security credit
12
Miscellaneous assets
13
Total liabilities
14
15
16
17
Corporate bonds
Depository institution loans n.e.c. (1)
18
Trade payables
19
20
21
22
Security credit
Customer credit balances (HH)
From U.S.-chartered depository institutions
From foreign banking offices in U.S.
23
Taxes payable
24
25
26
27
Miscellaneous liabilities
Foreign direct investment in U.S.
Investment by parent companies
Other
(1) Loans extended through the Federal Reserves Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
Levels
2009
88
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3317.2
3312.7
3357.3
4319.6
4276.7
4250.1
4319.6
4415.0
4372.1
4386.0
4276.7
11.2
48.2
10.0
50.3
12.4
50.5
37.8
11.5
40.7
8.7
39.0
0.4
37.8
11.5
34.4
11.3
36.4
7.8
35.8
10.7
40.7
8.7
2
3
75.8
97.9
101.1
219.5
161.9
229.9
219.5
226.0
239.2
229.2
161.9
5.8
24.3
31.1
14.6
19.6
21.1
38.3
18.9
26.8
33.1
18.3
22.9
9.0
25.2
79.9
105.3
18.8
31.7
35.7
75.7
12.3
23.8
86.0
107.8
9.0
25.2
79.9
105.3
10.6
29.1
80.3
106.0
20.9
27.8
79.8
110.7
18.8
32.0
78.0
100.5
18.8
31.7
35.7
75.7
5
6
7
8
21.4
25.1
27.6
34.9
39.9
36.2
34.9
36.1
36.4
37.5
39.9
3160.6
1599.5
0.0
40.5
209.3
596.1
125.1
590.3
3129.4
1632.8
0.0
62.7
115.0
626.6
135.6
556.7
3165.9
1709.0
0.0
72.0
94.6
613.5
166.3
510.4
4015.8
1889.2
22.4
17.2
94.1
1057.5
114.7
820.7
4025.4
1944.4
14.7
10.7
93.5
1074.7
85.7
801.7
3944.6
1871.3
25.3
97.5
86.9
943.7
154.0
765.9
4015.8
1889.2
22.4
17.2
94.1
1057.5
114.7
820.7
4107.2
1916.9
16.7
17.4
92.7
1036.4
137.2
890.0
4052.2
1880.5
16.7
17.3
94.0
1054.3
100.7
888.8
4072.8
1898.1
14.9
17.7
94.2
1014.1
127.3
906.5
4025.4
1944.4
14.7
10.7
93.5
1074.7
85.7
801.7
10
11
12
13
14
15
16
17
1802.2
1760.0
1703.1
2252.4
2157.1
2217.2
2252.4
2311.5
2276.6
2272.5
2157.1
18
0.6
0.8
1.2
0.0
0.0
1.2
0.0
0.0
0.0
0.0
0.0
19
1253.7
1237.2
1220.8
1418.6
1402.7
1428.7
1418.6
1412.4
1375.0
1363.4
1402.7
20
60.8
1028.7
164.2
64.7
982.2
190.3
75.9
890.6
254.3
116.4
1105.3
196.8
96.6
1095.6
210.5
117.0
1081.9
229.8
116.4
1105.3
196.8
117.7
1093.8
200.9
110.6
1059.2
205.2
109.4
1071.3
182.8
96.6
1095.6
210.5
21
22
23
548.0
522.0
481.1
833.8
754.4
787.4
833.8
899.1
901.5
909.0
754.4
24
9
10
11
12
13
14
15
16
17
18
Levels
2011
2
3
5
6
7
8
2010
Treasury securities
Agency- and GSE-backed securities
Corporate and foreign bonds
Other loans and advances
Life insurance reserves
Miscellaneous assets
Net trans. with depository subs.
Net trans. with property-casualty ins. co. subs.
Net trans. with life insurance company subs.
Net trans. with finance company subs.
Net trans. with broker and dealer subs.
Net trans. with foreign subs.
Other
Total liabilities
19
20
21
22
23
24
Commercial paper
Corporate bonds
Depository institution loans n.e.c.
Miscellaneous liabilities
(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
89
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2237.1
2119.7
2046.2
2088.5
2137.2
2004.8
2088.5
2118.5
2143.2
2153.7
2137.2
2
3
752.1
0.1
604.1
0.1
514.9
0.1
501.7
0.1
500.5
0.0
442.9
0.1
501.7
0.1
466.8
0.0
484.8
0.0
512.9
0.0
500.5
0.0
2
3
733.5
821.2
843.6
891.9
929.3
877.2
891.9
924.9
937.8
935.0
929.3
0.3
710.2
22.9
39.6
760.1
21.4
31.8
792.4
19.4
7.1
871.9
12.9
0.2
920.0
9.1
12.6
852.7
11.9
7.1
871.9
12.9
21.7
890.2
12.9
17.9
908.0
11.8
16.3
908.3
10.4
0.2
920.0
9.1
5
6
7
25.1
26.4
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
726.3
203.1
523.2
667.9
171.6
496.4
687.6
137.8
549.7
694.8
126.0
568.8
707.3
122.9
584.4
684.6
117.9
566.7
694.8
126.0
568.8
726.8
142.9
583.9
720.6
142.1
578.5
705.9
118.0
587.9
707.3
122.9
584.4
9
10
11
2237.1
2119.7
2046.2
2088.5
2137.2
2004.8
2088.5
2118.5
2143.2
2153.7
2137.2
12
816.8
704.2
651.8
593.5
621.1
600.5
593.5
625.2
619.9
611.4
621.1
13
261.7
457.8
95.3
2.0
167.1
454.6
73.4
9.2
94.3
526.2
21.5
9.8
29.0
561.5
0.0
3.0
45.8
572.9
0.0
2.4
37.0
557.4
0.0
6.1
29.0
561.5
0.0
3.0
51.7
571.0
0.0
2.5
52.1
565.4
0.0
2.4
28.2
580.8
0.0
2.4
45.8
572.9
0.0
2.4
14
15
16
17
1420.3
10.8
856.8
1.8
550.9
1415.5
11.4
733.4
7.7
663.0
1394.4
12.0
658.7
8.8
714.9
1495.0
12.6
579.5
8.7
894.1
1516.1
13.2
673.5
8.7
820.6
1404.2
12.5
656.9
8.7
726.2
1495.0
12.6
579.5
8.7
894.1
1493.3
12.8
638.6
8.7
833.2
1523.3
12.9
713.2
8.7
788.5
1542.3
13.1
702.3
8.7
818.3
1516.1
13.2
673.5
8.7
820.6
18
19
20
21
22
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
2010
(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,
and funds associated with the Public-Private Investment Program (PPIP).
(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.
(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) and to funds associated with PPIP.
Levels
2009
90
3
4
5
6
Total assets
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
175.1
175.8
183.8
181.8
174.3
184.7
181.8
175.5
174.5
177.3
174.3
55.4
54.4
54.2
54.3
54.4
54.5
54.3
52.9
53.1
54.2
54.4
119.7
57.8
11.4
50.5
121.4
56.8
12.5
52.1
129.6
55.0
22.8
51.9
127.5
55.1
22.6
49.9
119.9
55.2
17.2
47.6
130.3
55.2
23.5
51.6
127.5
55.1
22.6
49.9
122.5
53.7
21.3
47.5
121.4
53.9
20.6
46.9
123.1
55.0
19.8
48.3
119.9
55.2
17.2
47.6
3
4
5
6
186.1
186.8
194.9
192.8
185.4
195.8
192.8
186.5
185.5
188.3
185.4
8
9
10
11
12
Federal government
Monetary gold (2)
SDR holdings
Reserve position in IMF (net)
Foreign currency holdings
94.6
0.0
57.8
11.5
25.2
95.4
0.0
56.8
12.6
26.0
103.9
0.0
55.0
23.0
25.8
102.8
0.0
55.1
22.8
24.9
96.4
0.0
55.2
17.4
23.8
104.7
0.0
55.2
23.7
25.8
102.8
0.0
55.1
22.8
24.9
99.0
0.0
53.7
21.5
23.8
98.2
0.0
53.9
20.8
23.4
99.2
0.0
55.0
20.1
24.1
96.4
0.0
55.2
17.4
23.8
8
9
10
11
12
13
55.4
54.4
54.2
54.3
54.4
54.5
54.3
52.9
53.1
54.2
54.4
13
14
15
16
17
Monetary authority
Monetary gold (2)
Reserve position in IMF (net)
Foreign currency holdings
36.2
11.0
-0.1
25.3
37.0
11.0
-0.1
26.1
36.8
11.0
-0.3
26.0
35.8
11.0
-0.2
25.0
34.6
11.0
-0.2
23.8
36.6
11.0
-0.2
25.8
35.8
11.0
-0.2
25.0
34.5
11.0
-0.3
23.7
34.3
11.0
-0.3
23.5
35.0
11.0
-0.2
24.2
34.6
11.0
-0.2
23.8
14
15
16
17
-11.0
-11.0
-11.0
-11.0
-11.0
-11.0
-11.0
-11.0
-11.0
-11.0
-11.0
18
18
Levels
Total liabilities
2010
(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.
(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
5.2
1
2
Treasury currency:
3
4
26.2
42.7
25.9
43.5
25.9
44.2
25.9
44.8
25.6
45.5
25.9
44.6
25.9
44.8
25.9
45.0
25.9
45.1
25.6
45.3
25.6
45.5
3
4
Discrepancy (seigniorage)
-16.5
-17.6
-18.3
-18.8
-20.0
-18.7
-18.8
-19.0
-19.2
-19.8
-20.0
2
3
4
5
835.9
826.6
780.3
750.1
837.0
772.3
750.1
774.3
853.1
834.8
837.0
50.2
31.5
97.1
49.7
40.6
105.9
46.9
34.8
42.9
45.1
13.4
43.3
50.8
56.5
33.7
46.4
9.4
40.2
45.1
13.4
43.3
46.5
28.9
48.7
51.3
60.2
37.1
50.2
63.4
36.3
50.8
56.5
33.7
2
3
4
657.0
630.4
655.6
648.3
696.0
676.3
648.3
650.1
704.6
685.0
696.0
91
1
2
3
4
5
6
7
8
9
10
11
12
13
Total liabilities
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
Total assets
Rest of the world
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Credit unions
Discrepancy
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1220.0
1070.7
1889.2
1718.0
2783.0
1794.7
1718.0
2131.8
2614.2
2799.4
2783.0
1031.9
637.3
-376.8
-4.2
-68.1
1020.8
426.5
-343.2
-3.3
-30.0
1623.1
158.6
164.0
-4.6
-51.9
1562.1
69.6
156.9
-4.9
-65.7
2322.7
223.7
305.3
-4.7
-64.1
1496.7
155.8
214.1
-5.3
-66.5
1562.1
69.6
156.9
-4.9
-65.7
1850.0
135.8
215.3
-4.6
-64.7
2073.5
173.3
434.4
-5.3
-61.8
2294.6
230.6
343.7
-5.0
-64.5
2322.7
223.7
305.3
-4.7
-64.1
2
3
4
5
6
1212.4
1043.8
1860.7
1663.8
2684.3
1727.4
1663.8
2047.0
2553.9
2735.1
2684.3
86.0
94.5
716.3
284.1
31.5
24.2
-1.2
628.5
350.8
41.5
238.1
-0.4
859.5
711.0
52.6
102.1
-0.4
869.6
638.8
53.8
362.5
-0.9
1326.5
948.1
48.1
231.2
-0.5
778.4
670.6
47.7
102.1
-0.4
869.6
638.8
53.8
197.6
-0.6
1040.7
741.3
68.0
481.0
-0.6
1061.4
959.6
52.5
440.9
-0.4
1284.8
963.3
46.4
362.5
-0.9
1326.5
948.1
48.1
8
9
10
11
12
7.6
26.9
28.4
54.3
98.7
67.4
54.3
84.8
60.3
64.3
98.7
13
14
15
16
Vault cash:
Liab.: Monetary authority
Asset: U.S.-chartered depository institutions
Foreign banking offices in U.S.
54.9
54.9
0.0
52.7
52.7
0.0
60.8
60.8
0.0
71.1
71.1
0.0
73.6
73.6
0.0
56.3
56.3
0.0
71.1
71.1
0.0
59.6
59.6
0.0
60.2
60.2
0.0
62.2
62.2
0.0
73.6
73.6
0.0
14
15
16
17
18
19
20
977.0
661.4
284.1
31.5
968.1
575.8
350.8
41.5
1562.3
798.7
711.0
52.6
1491.0
798.5
638.8
53.8
2249.1
1252.9
948.0
48.1
1440.4
722.1
670.6
47.7
1491.0
798.5
638.8
53.8
1790.4
981.1
741.3
68.0
2013.3
1001.2
959.6
52.5
2232.4
1222.7
963.3
46.4
2249.1
1252.9
948.0
48.1
17
18
19
20
21
22
23
24
94.5
94.5
-2.1
96.6
-1.2
-1.2
-1.4
0.2
-0.4
-0.4
-0.6
0.2
-0.4
-0.4
-0.5
0.1
-0.9
-0.9
-1.0
0.1
-0.5
-0.5
-0.6
0.1
-0.4
-0.4
-0.5
0.1
-0.6
-0.6
-0.6
0.0
-0.6
-0.6
-0.7
0.1
-0.4
-0.4
-0.6
0.2
-0.9
-0.9
-1.0
0.1
21
22
23
24
25
26
27
498.6
803.3
304.7
420.1
824.8
404.6
110.9
602.6
491.7
23.0
403.6
380.6
146.4
440.8
294.5
98.4
488.6
390.2
23.0
403.6
380.6
78.1
415.6
337.5
128.4
421.1
292.7
162.0
433.1
271.1
146.4
440.8
294.5
25
26
27
28
29
30
-413.2
787.3
1200.5
-376.1
841.2
1217.3
135.9
1137.9
1002.0
84.3
1047.9
963.6
220.6
1168.6
947.9
134.3
1090.5
956.2
84.3
1047.9
963.6
123.6
1061.0
937.4
358.0
1258.1
900.1
278.6
1153.6
875.0
220.6
1168.6
947.9
28
29
30
31
32
33
21.7
11.3
10.4
35.3
18.2
17.0
22.9
14.3
8.6
20.3
11.0
9.3
20.0
11.5
8.5
18.5
10.0
8.5
20.3
11.0
9.3
19.9
11.5
8.4
20.2
12.1
8.1
18.0
11.3
6.7
20.0
11.5
8.5
31
32
33
34
35
36
22.3
9.7
12.6
15.5
6.3
9.2
14.2
6.7
7.5
15.1
6.4
8.6
15.5
6.4
9.1
17.0
7.8
9.2
15.1
6.4
8.6
15.7
6.7
9.0
14.8
7.3
7.4
18.2
7.6
10.7
15.5
6.4
9.1
34
35
36
86.0
24.2
238.1
102.1
362.5
231.2
102.1
197.6
481.0
440.9
362.5
37
45.8
126.9
46.9
4.2
68.1
19.5
106.0
45.7
3.3
30.0
55.7
128.5
43.7
4.6
51.9
51.6
174.2
49.3
4.9
65.7
83.4
212.1
44.6
4.7
64.1
60.0
191.4
52.2
5.3
66.5
51.6
174.2
49.3
4.9
65.7
63.0
195.9
41.8
4.6
64.7
50.3
172.2
44.9
5.3
61.8
72.7
198.4
64.5
5.0
64.5
83.4
212.1
44.6
4.7
64.1
38
39
40
41
42
81.1
86.5
72.8
122.6
128.7
131.4
122.6
132.9
121.9
125.7
128.7
43
7.6
26.9
28.4
54.3
98.7
67.4
54.3
84.8
60.3
64.3
98.7
44
37
38
39
40
41
42
43
44
Levels
Memo:
92
1
2
3
4
5
6
Monetary authority
Federal government cash and deposits
Due to government-sponsored enterprises
Deposits due to foreign
Currency outside banks
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2093.4
2359.8
2594.3
2857.8
3189.7
2640.4
2857.8
2878.1
2897.8
2930.0
3189.7
1102.7
191.9
35.1
2.4
873.3
1287.8
340.9
13.5
3.4
930.0
1165.7
85.9
64.6
0.2
1015.0
1224.6
92.9
27.2
6.5
1098.1
1364.2
162.6
25.9
8.0
1167.6
1185.9
85.6
22.6
5.7
1072.1
1224.6
92.9
27.2
6.5
1098.1
1226.1
79.4
20.2
9.2
1117.3
1298.1
135.0
19.5
10.1
1133.6
1266.5
88.6
24.1
9.0
1144.9
1364.2
162.6
25.9
8.0
1167.6
2
3
4
5
6
871.6
3.8
34.3
833.5
941.1
3.6
30.4
907.0
1260.5
1.0
56.1
1203.5
1435.6
1.3
52.0
1382.3
1584.4
1.6
49.3
1533.5
1267.7
1.1
52.8
1213.9
1435.6
1.3
52.0
1382.3
1441.7
1.5
46.3
1393.9
1378.4
1.3
40.5
1336.5
1434.8
1.3
49.7
1383.8
1584.4
1.6
49.3
1533.5
7
8
9
10
7
8
9
10
11
12
13
16.1
10.5
5.6
21.9
14.6
7.3
45.6
19.0
26.6
61.8
27.9
33.9
92.6
40.2
52.4
53.9
22.6
31.2
61.8
27.9
33.9
63.7
28.5
35.1
73.4
32.3
41.2
81.7
33.9
47.8
92.6
40.2
52.4
11
12
13
14
16.1
16.6
19.4
21.9
28.0
20.9
21.9
22.1
26.3
27.7
28.0
14
15
Credit unions
86.9
92.4
103.1
113.9
120.6
111.9
113.9
124.5
121.7
119.3
120.6
15
2093.4
2359.8
2594.3
2857.8
3189.7
2640.4
2857.8
2878.1
2897.8
2930.0
3189.7
16
16
Levels
Total liabilities
2010
Total assets
17
Household sector
400.6
425.2
754.0
826.4
908.2
704.5
826.4
828.4
798.5
793.8
908.2
17
18
19
20
Nonfinancial business
Corporate
Noncorporate
689.3
155.0
534.3
766.1
234.6
531.5
793.5
264.3
529.1
900.9
357.0
543.9
1019.3
464.1
555.2
881.5
343.4
538.1
900.9
357.0
543.9
941.0
396.7
544.3
928.0
380.5
547.5
963.9
412.7
551.2
1019.3
464.1
555.2
18
19
20
21
22
99.1
193.6
104.6
342.1
121.3
84.3
117.7
92.0
125.0
162.9
111.5
83.4
117.7
92.0
115.1
79.4
112.7
135.2
116.4
88.5
125.0
162.9
21
22
23
24
25
361.0
47.2
313.8
390.5
48.4
342.1
472.3
75.2
397.1
540.6
86.3
454.2
589.5
97.5
491.9
519.5
81.1
438.4
540.6
86.3
454.2
543.2
84.0
459.2
551.5
82.9
468.7
573.9
92.6
481.3
589.5
97.5
491.9
23
24
25
26
Financial sectors
343.6
325.6
362.4
373.3
379.9
333.0
373.3
366.5
367.1
387.9
379.9
26
27
28
27.6
50.7
32.6
51.7
24.1
53.7
36.4
56.4
30.8
57.9
32.9
53.5
36.4
56.4
31.7
57.7
30.6
48.1
30.6
57.3
30.8
57.9
27
28
29
30
10.4
3.5
12.6
4.1
18.3
4.5
18.0
4.3
17.5
4.2
17.7
4.4
18.0
4.3
18.0
4.3
18.4
4.1
18.1
4.1
17.5
4.2
29
30
31
32
17.9
99.4
14.2
63.4
20.1
72.7
16.5
52.6
13.3
71.9
11.3
36.1
16.5
52.6
10.9
64.1
27.5
51.7
11.0
77.4
13.3
71.9
31
32
33
34
35
Finance companies
REITs
Brokers and dealers
17.0
26.3
90.7
26.5
23.5
96.9
31.7
25.6
111.8
27.8
33.1
128.2
31.7
41.0
111.7
30.8
32.7
113.5
27.8
33.1
128.2
29.2
38.9
111.6
28.9
36.0
121.8
33.3
39.4
116.8
31.7
41.0
111.7
33
34
35
6.3
5.7
6.5
7.0
5.0
7.0
7.0
4.5
4.8
5.6
5.0
36
36
Mail float
93
2011
2012
2013
2012
Q3
1
2
3
4
5
6
7
8
9
10
11
12
Total liabilities
Small time and savings deposits
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
Large time deposits (1)
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
Total assets
2013
Q4
Q1
Q2
Q3
Q4
8432.5
8548.1
8952.2
9463.8
9878.0
9232.3
9463.8
9521.6
9572.5
9789.1
9878.0
6326.5
6624.9
7202.2
7803.9
8115.8
7595.4
7803.9
7869.1
7890.1
8052.3
8115.8
5617.0
29.9
24.5
655.2
5888.6
35.7
19.3
681.3
6425.7
48.9
18.9
708.7
6979.3
62.7
18.8
743.1
7234.5
90.4
21.3
769.6
6775.6
62.4
18.5
738.9
6979.3
62.7
18.8
743.1
7018.7
67.9
19.1
763.4
7033.2
70.6
20.6
765.7
7182.5
85.9
21.7
762.2
7234.5
90.4
21.3
769.6
3
4
5
6
2105.9
1923.2
1750.0
1659.9
1762.2
1636.8
1659.9
1652.5
1682.4
1736.8
1762.2
1029.9
1024.2
24.5
27.3
896.1
977.7
19.3
30.1
882.9
814.6
18.9
33.5
803.0
798.4
18.8
39.7
826.9
869.4
21.3
44.6
818.8
762.0
18.5
37.5
803.0
798.4
18.8
39.7
777.6
814.4
19.1
41.3
804.5
816.0
20.6
41.4
799.3
872.4
21.7
43.4
826.9
869.4
21.3
44.6
8
9
10
11
8432.5
8548.1
8952.2
9463.8
9878.0
9232.3
9463.8
9521.6
9572.5
9789.1
9878.0
12
6330.8
6455.9
6827.7
7203.3
7388.5
7042.3
7203.3
7253.7
7264.6
7348.3
7388.5
13
13
Household sector
14
15
16
Nonfinancial business
Corporate
Noncorporate
842.1
488.8
353.3
905.0
548.7
356.2
922.1
561.9
360.1
951.9
586.6
365.3
1037.1
661.6
375.6
939.5
576.9
362.6
951.9
586.6
365.3
961.1
594.9
366.1
979.3
610.3
369.0
1018.5
646.3
372.2
1037.1
661.6
375.6
14
15
16
17
18
19
248.1
1.9
293.5
241.3
2.0
302.5
255.7
1.7
349.7
289.8
2.0
386.8
310.7
1.5
434.2
282.3
2.1
364.6
289.8
2.0
386.8
295.2
1.6
386.3
296.4
1.8
392.3
304.0
1.9
412.8
310.7
1.5
434.2
17
18
19
20
Financial sectors
716.1
641.5
595.4
629.9
705.9
601.4
629.9
623.8
638.1
703.7
705.9
20
33.0
28.5
566.6
32.1
34.9
458.9
33.4
38.5
402.7
31.6
37.2
435.4
31.1
36.3
494.9
32.1
37.4
396.9
31.6
37.2
435.4
31.6
37.1
429.4
31.2
34.8
444.3
31.0
35.0
494.4
31.1
36.3
494.9
21
22
23
25.7
51.0
11.2
26.1
79.6
10.0
13.4
95.0
12.4
4.3
83.5
37.8
8.0
95.0
40.7
3.7
92.4
39.0
4.3
83.5
37.8
3.6
87.6
34.4
4.8
86.6
36.4
7.5
99.9
35.8
8.0
95.0
40.7
24
25
26
21
22
23
24
25
26
Government-sponsored enterprises
Finance companies
Holding companies
(1) Large time deposits are those issued in amounts of $100,000 or more.
Total assets
2
3
4
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
5
6
7
8
3258.6
2755.4
2642.5
2649.6
2678.3
2506.9
2649.6
2554.0
2541.9
2637.4
2678.3
1313.2
655.5
73.7
1129.7
497.8
76.8
1109.9
462.4
77.7
1126.3
458.3
78.8
1100.1
455.4
81.0
1060.9
437.9
78.2
1126.3
458.3
78.8
1076.4
444.2
79.0
1018.8
432.0
79.6
1060.1
450.3
80.3
1100.1
455.4
81.0
2
3
4
135.6
76.9
149.3
69.8
149.2
79.5
140.4
99.7
141.5
161.4
145.0
96.0
140.4
99.7
140.9
101.7
142.5
152.5
141.8
156.3
141.5
161.4
5
6
29.6
33.7
25.6
21.0
20.0
28.8
22.3
27.5
22.7
23.5
22.1
27.8
22.3
27.5
22.7
28.0
20.5
20.1
22.0
23.8
22.7
23.5
7
8
9
10
147.4
40.9
137.3
44.0
154.1
46.0
150.2
44.5
148.7
43.4
151.4
44.7
150.2
44.5
150.1
44.3
149.6
41.6
148.1
41.9
148.7
43.4
9
10
11
Funding corporations
752.1
604.1
514.9
501.7
500.5
442.9
501.7
466.8
484.8
512.9
500.5
11
Levels
2009
94
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2043.4
2025.2
1970.8
1976.8
1918.7
1977.4
1976.8
1964.7
1854.8
1859.8
1918.7
530.5
77.7
731.8
59.7
808.0
99.9
847.7
107.2
733.1
315.9
818.0
92.7
847.7
107.2
830.1
105.5
790.1
95.2
792.6
157.4
733.1
315.9
2
3
4
5
6
7
859.0
681.3
177.8
-0.1
694.7
462.3
232.4
-0.0
619.8
355.0
280.7
-15.9
499.6
212.4
296.9
-9.7
438.4
150.1
288.4
-0.1
563.1
278.0
293.7
-8.6
499.6
212.4
296.9
-9.7
490.0
192.6
297.8
-0.4
462.8
177.9
285.0
-0.2
467.0
161.5
305.5
-0.1
438.4
150.1
288.4
-0.1
4
5
6
7
8
9
0.6
12.4
1.5
10.3
0.4
10.4
0.8
13.5
2.2
12.7
0.6
12.7
0.8
13.5
1.1
13.7
1.4
13.8
1.8
13.4
2.2
12.7
8
9
1.2
90.4
470.9
0.6
1.3
120.5
404.7
0.8
0.4
215.4
215.3
1.2
0.0
318.7
189.2
0.0
0.0
281.0
135.3
0.0
0.0
319.9
169.2
1.2
0.0
318.7
189.2
0.0
0.2
320.6
203.6
0.0
0.0
308.3
183.1
0.0
0.0
284.2
143.4
0.0
0.0
281.0
135.3
0.0
10
11
12
13
1520.5
1611.3
1673.5
1873.0
1972.8
1843.7
1873.0
1942.3
1864.0
1920.7
1972.8
14
14
Levels
2011
2
3
10
11
12
13
Total liabilities
2010
Government-sponsored enterprises
REITs
Brokers and dealers (net)
Holding companies
Total assets
15
16
7.9
125.5
12.1
124.2
12.6
117.6
10.3
110.7
9.2
111.6
11.2
114.4
10.3
110.7
9.9
111.1
9.3
112.4
13.2
111.8
9.2
111.6
15
16
17
18
561.5
0.0
635.8
0.0
763.1
0.0
765.7
0.0
822.0
0.0
726.0
0.0
765.7
0.0
821.1
0.0
791.8
0.0
794.5
0.0
822.0
0.0
17
18
19
20
4.5
10.2
3.8
10.9
1.7
10.1
1.8
8.5
1.8
6.2
1.8
8.5
1.8
8.5
1.8
8.7
1.6
5.4
1.7
6.4
1.8
6.2
19
20
21
22
2.9
3.0
2.7
3.4
2.7
3.6
2.6
3.5
2.5
3.4
2.8
3.5
2.6
3.5
2.6
3.5
2.6
3.3
2.5
3.3
2.5
3.4
21
22
23
24
480.0
153.3
479.4
137.5
490.5
108.7
544.7
262.7
493.0
358.4
513.2
286.8
544.7
262.7
470.7
307.9
450.4
328.2
489.1
354.0
493.0
358.4
23
24
25
26
27
Government-sponsored enterprises
Holding companies
Funding corporations
123.3
48.2
0.1
151.2
50.3
0.1
112.3
50.5
0.1
150.8
11.5
0.1
155.9
8.7
0.0
174.9
0.4
0.1
150.8
11.5
0.1
193.6
11.3
0.0
151.3
7.8
0.0
133.4
10.7
0.0
155.9
8.7
0.0
25
26
27
522.9
413.9
297.3
103.8
-54.1
133.8
103.8
22.3
-9.2
-61.0
-54.1
28
28
Discrepancy--unallocated assets
95
1
2
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1138.0
1057.6
969.3
952.4
950.7
957.3
952.4
1001.2
990.6
976.9
950.7
1137.4
1057.5
969.2
952.4
950.7
957.3
952.4
1001.2
990.6
976.9
950.7
58.4
82.9
116.3
130.3
143.1
136.0
130.3
140.1
147.2
171.1
143.1
4
5
6
401.3
34.5
366.8
398.6
30.6
368.0
345.1
30.2
314.9
373.0
40.4
332.6
407.4
51.1
356.2
366.7
39.2
327.5
373.0
40.4
332.6
407.4
34.4
373.0
417.4
51.2
366.2
407.3
57.5
349.8
407.4
51.1
356.2
4
5
6
Financial business
U.S.-chartered depository institutions
ABS issuers
Finance companies
REITs
Holding companies
Funding corporations
677.6
0.0
293.1
62.1
0.0
60.8
261.7
575.9
112.9
120.2
111.0
0.0
64.7
167.1
507.8
120.6
96.0
121.0
0.0
75.9
94.3
449.1
87.5
87.0
129.1
0.0
116.4
29.0
400.3
59.7
79.4
118.8
0.0
96.6
45.8
454.6
90.7
86.8
123.1
0.0
117.0
37.0
449.1
87.5
87.0
129.1
0.0
116.4
29.0
453.8
74.4
88.0
121.8
0.0
117.7
51.7
426.0
64.2
79.6
119.6
0.0
110.6
52.1
398.6
57.3
78.7
124.9
0.0
109.4
28.2
400.3
59.7
79.4
118.8
0.0
96.6
45.8
7
8
9
10
11
12
13
0.6
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
14
0.6
0.0
0.1
0.0
0.1
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
15
16
1138.0
1057.6
969.3
952.4
950.7
957.3
952.4
1001.2
990.6
976.9
950.7
17
22.7
56.0
21.1
68.0
19.4
67.9
19.0
60.3
17.0
40.2
19.1
60.4
19.0
60.3
20.0
56.9
19.8
50.9
19.5
42.6
17.0
40.2
18
19
88.5
191.5
101.4
191.0
90.6
191.7
85.3
195.2
86.0
197.0
88.1
190.2
85.3
195.2
85.6
203.9
86.6
200.2
86.2
187.4
86.0
197.0
20
21
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
22
23
24
25
7
8
9
10
11
12
13
14
15
16
17
18
19
Household sector
Nonfinancial corporate business
20
21
22
23
24
25
Monetary authority
U.S.-chartered depository institutions (1)
Foreign banking offices in U.S. (1)
Credit unions
26
27
9.8
49.8
7.9
40.9
8.8
29.7
7.4
43.6
7.3
35.2
7.8
38.7
7.4
43.6
7.5
38.7
6.8
37.5
7.3
40.4
7.3
35.2
26
27
28
29
45.3
32.1
42.6
38.4
44.7
41.9
42.3
40.5
38.3
37.1
43.0
40.8
42.3
40.5
42.8
40.4
42.1
37.9
40.4
38.2
38.3
37.1
28
29
30
31
510.5
80.2
394.2
66.3
354.2
40.0
340.8
77.5
352.1
106.1
319.4
99.8
340.8
77.5
351.1
98.5
356.6
100.7
357.9
104.6
352.1
106.1
30
31
32
33
34
Government-sponsored enterprises
Brokers and dealers
Funding corporations
9.7
41.5
0.3
9.9
36.2
39.6
6.5
42.1
31.8
3.4
29.9
7.1
5.6
28.7
0.2
4.2
33.2
12.6
3.4
29.9
7.1
4.2
30.0
21.7
4.3
29.4
17.9
5.0
31.0
16.3
5.6
28.7
0.2
32
33
34
Levels
2009
96
1
2
3
4
Levels
Total liabilities
U.S. savings securities (1)
Treasury bills
Other Treasury securities
Total assets
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
7781.9
9361.5
10428.3
11568.9
12328.3
11255.5
11568.9
11905.5
11887.9
11956.8
12328.3
191.3
1787.9
5802.7
188.0
1768.9
7404.6
185.3
1519.5
8723.6
182.5
1626.5
9759.9
179.2
1590.6
10558.5
183.7
1613.0
9458.8
182.5
1626.5
9759.9
181.8
1788.2
9935.5
181.0
1568.1
10138.9
180.0
1527.9
10248.8
179.2
1590.6
10558.5
2
3
4
7781.9
9361.5
10428.3
11568.9
12328.3
11255.5
11568.9
11905.5
11887.9
11956.8
12328.3
6
7
8
Household sector
U.S. savings securities (1)
Bills and other Treasury securities
858.8
191.3
667.5
1131.8
188.0
943.8
719.3
185.3
534.0
961.9
182.5
779.3
944.3
179.2
765.1
891.0
183.7
707.4
961.9
182.5
779.3
986.0
181.8
804.3
1048.9
181.0
867.9
1006.4
180.0
826.4
944.3
179.2
765.1
6
7
8
9
10
11
43.0
46.1
584.1
48.0
48.1
590.9
43.0
48.6
545.4
50.2
49.3
532.7
51.8
50.7
493.8
56.0
48.9
540.9
50.2
49.3
532.7
41.6
49.4
529.2
48.4
49.8
530.5
48.6
50.2
498.0
51.8
50.7
493.8
9
10
11
12
13
14
3670.6
750.4
2920.2
4458.8
710.3
3748.5
5006.9
647.7
4359.2
5573.8
664.0
4909.8
5842.3
685.0
5157.2
5475.4
682.5
4792.9
5573.8
664.0
4909.8
5721.8
723.9
4997.9
5594.4
675.4
4919.0
5654.7
645.1
5009.5
5842.3
685.0
5157.2
12
13
14
15
16
17
Monetary authority
Treasury bills
Other Treasury securities
776.6
18.4
758.2
1021.5
18.4
1003.1
1663.4
18.4
1645.0
1666.1
0.0
1666.1
2208.8
0.0
2208.8
1645.3
0.0
1645.3
1666.1
0.0
1666.1
1796.0
0.0
1796.0
1936.6
0.0
1936.6
2072.3
0.0
2072.3
2208.8
0.0
2208.8
15
16
17
18
19
20
21
124.5
57.5
0.5
14.2
217.5
60.9
1.1
20.1
173.9
60.5
1.0
17.6
243.2
76.6
0.4
19.3
217.1
67.0
1.1
19.9
227.8
77.3
1.0
20.9
243.2
76.6
0.4
19.3
230.3
79.5
0.4
19.2
194.0
66.9
0.4
20.1
186.6
69.3
0.6
19.6
217.1
67.0
1.1
19.9
18
19
20
21
22
23
24
88.5
15.8
72.8
91.7
15.5
76.2
96.4
17.4
78.9
90.2
14.1
76.1
89.6
13.9
75.7
91.4
15.2
76.2
90.2
14.1
76.1
90.2
14.4
75.8
89.0
13.0
76.0
90.3
13.9
76.4
89.6
13.9
75.7
22
23
24
25
26
27
133.5
13.9
119.6
156.6
10.2
146.4
175.4
14.0
161.4
179.6
9.5
170.1
183.2
7.0
176.3
178.2
10.4
167.7
179.6
9.5
170.1
179.9
8.8
171.2
180.8
2.2
178.6
182.6
7.6
175.0
183.2
7.0
176.3
25
26
27
28
29
30
182.4
151.9
119.9
215.6
160.0
130.0
243.4
173.3
153.5
291.4
214.5
165.6
331.6
224.7
178.1
283.2
203.8
160.9
291.4
214.5
165.6
306.4
225.9
163.2
319.4
226.0
153.1
326.3
225.7
58.1
331.6
224.7
178.1
28
29
30
31
32
33
406.4
318.5
87.9
335.4
234.5
100.9
443.3
263.7
179.7
457.8
282.8
175.0
488.2
289.5
198.6
456.3
245.0
211.3
457.8
282.8
175.0
470.5
276.1
194.3
449.0
223.2
225.7
466.5
272.5
194.0
488.2
289.5
198.6
31
32
33
34
35
36
Mutual funds
Treasury bills
Other Treasury securities
258.0
0.0
258.0
380.5
33.0
347.5
456.6
32.4
424.2
579.6
44.8
534.8
641.4
40.1
601.3
531.3
44.8
486.5
579.6
44.8
534.8
638.9
46.5
592.4
627.5
45.2
582.4
640.9
48.4
592.5
641.4
40.1
601.3
34
35
36
37
38
Closed-end funds
Exchange-traded funds
4.4
41.8
5.1
51.0
4.8
62.4
5.2
63.6
5.8
57.1
5.2
62.7
5.2
63.6
5.7
62.8
5.8
64.1
5.8
63.9
5.8
57.1
37
38
39
40
Government-sponsored enterprises
ABS issuers
36.6
53.9
82.6
40.1
100.2
29.2
69.0
23.4
57.4
19.5
72.3
23.2
69.0
23.4
74.6
20.5
75.5
21.2
82.6
22.9
57.4
19.5
39
40
41
42
123.0
5.8
94.5
19.6
183.6
26.8
246.5
9.0
136.0
18.8
190.2
12.3
246.5
9.0
202.6
10.6
165.6
20.9
166.3
18.8
136.0
18.8
41
42
7805.4
9385.6
10453.6
11593.7
12352.8
11279.9
11593.7
11930.1
11912.9
11981.9
12352.8
43
Memo:
43
(1) Includes U.S. savings bonds, U.S. individual retirement bonds, U.S. retirement plan bonds, U.S. savings stamps, and matured U.S. savings securities.
(2) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
97
1
2
3
4
5
Total liabilities
Budget agencies
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
Total assets
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
8106.8
7598.2
7577.4
7554.6
7793.2
7543.9
7554.6
7590.8
7660.7
7713.6
7793.2
23.5
2706.6
5376.7
24.2
6434.5
1139.5
25.3
6247.3
1304.8
24.9
6092.7
1437.0
24.5
6199.2
1569.5
24.4
6111.5
1408.0
24.9
6092.7
1437.0
24.6
6103.5
1462.7
25.0
6137.6
1498.1
25.1
6147.7
1540.8
24.5
6199.2
1569.5
2
3
4
8106.8
7598.2
7577.4
7554.6
7793.2
7543.9
7554.6
7590.8
7660.7
7713.6
7793.2
6
7
Household sector
Nonfinancial corporate business
359.3
14.3
355.6
16.0
323.1
14.3
194.7
11.7
121.4
7.3
209.5
16.2
194.7
11.7
156.1
3.9
159.1
6.1
157.0
6.2
121.4
7.3
6
7
8
9
488.2
196.4
510.6
149.2
497.9
31.1
468.5
0.0
472.3
0.0
484.0
0.0
468.5
0.0
470.1
0.0
475.5
0.0
473.3
0.0
472.3
0.0
8
9
10
11
1154.9
1068.3
1084.0
1139.6
1080.6
941.7
1004.3
1003.4
861.9
1547.4
1028.3
918.4
1004.3
1003.4
939.8
1143.4
874.8
1277.3
899.2
1402.7
861.9
1547.4
10
11
12
13
14
15
1417.4
31.3
20.5
110.7
1527.2
26.5
12.8
151.5
1634.1
30.6
4.8
182.1
1669.7
32.1
2.6
197.0
1721.0
25.4
1.9
200.3
1672.7
30.2
4.0
198.5
1669.7
32.1
2.6
197.0
1710.5
27.7
2.4
206.2
1725.7
26.1
2.2
210.2
1700.3
26.2
1.9
206.0
1721.0
25.4
1.9
200.3
12
13
14
15
16
17
116.2
371.9
115.8
376.0
122.7
374.4
113.6
360.6
114.3
362.8
115.3
363.9
113.6
360.6
114.3
362.1
114.6
363.5
115.1
363.5
114.3
362.8
16
17
18
19
20
184.0
157.6
5.2
190.4
159.4
5.8
193.8
166.5
6.5
210.9
200.1
8.1
224.6
209.0
6.4
206.9
191.7
8.0
210.9
200.1
8.1
213.2
210.2
7.5
217.3
210.2
7.0
220.7
209.9
6.6
224.6
209.0
6.4
18
19
20
21
22
23
543.0
603.2
924.5
402.8
680.1
377.0
403.7
784.8
358.9
343.5
871.8
310.6
361.1
837.0
293.3
331.4
876.0
323.9
343.5
871.8
310.6
325.6
870.5
300.6
345.0
874.3
292.5
354.0
836.4
294.7
361.1
837.0
293.3
21
22
23
24
25
ABS issuers
REITs
99.6
105.1
3.6
143.3
0.3
244.7
0.3
356.2
0.1
280.0
0.2
375.4
0.3
356.2
0.2
343.4
0.1
325.5
0.1
302.2
0.1
280.0
24
25
26
27
110.9
24.3
149.8
21.1
147.7
33.1
169.6
25.2
114.2
31.7
165.5
23.8
169.6
25.2
153.9
29.1
125.8
27.8
105.7
32.0
114.2
31.7
26
27
(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 debt of the federal government, which is shown in table L.209, line 41.
Levels
2009
98
2010
2011
2012
2013
2012
Q3
5
6
Levels
Total liabilities
2
3
4
Total assets
2013
Q4
Q1
Q2
Q3
Q4
3672.5
3772.1
3719.4
3714.4
3671.2
3719.4
3714.4
3728.6
3721.1
3685.7
3671.2
2954.9
63.6
2891.3
3023.6
63.0
2960.6
2970.0
52.3
2917.6
2964.3
56.1
2908.2
2924.9
45.3
2879.6
2969.7
55.7
2914.0
2964.3
56.1
2908.2
2978.9
54.5
2924.4
2970.4
39.4
2931.0
2937.0
46.0
2891.0
2924.9
45.3
2879.6
2
3
4
265.4
452.2
263.2
485.4
255.5
493.9
241.0
509.1
227.8
518.5
245.6
504.1
241.0
509.1
239.4
510.4
235.7
515.0
232.4
516.4
227.8
518.5
5
6
3672.5
3772.1
3719.4
3714.4
3671.2
3719.4
3714.4
3728.6
3721.1
3685.7
3671.2
1828.0
27.1
5.1
1871.8
23.9
5.6
1806.9
22.3
5.7
1654.8
34.4
5.8
1617.2
26.6
5.9
1709.9
28.3
5.7
1654.8
34.4
5.8
1669.7
20.7
5.8
1672.3
21.0
5.8
1646.6
21.0
5.9
1617.2
26.6
5.9
8
9
10
11.4
58.7
12.8
71.7
12.9
70.3
12.1
67.9
12.2
66.4
12.5
72.7
12.1
67.9
12.1
65.1
12.3
60.2
12.2
63.3
12.2
66.4
11
12
8
9
10
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
11
12
13
14
15
16
224.3
0.0
3.5
0.0
254.6
0.0
2.5
0.0
297.3
0.0
3.4
3.2
363.1
0.0
2.6
4.2
416.4
0.0
3.6
4.5
350.0
0.0
2.8
3.8
363.1
0.0
2.6
4.2
374.2
0.0
2.7
5.3
390.3
0.0
2.7
5.0
404.0
0.0
3.5
5.4
416.4
0.0
3.6
4.5
13
14
15
16
17
18
19
369.4
73.1
1.4
348.4
112.3
2.2
331.0
121.8
3.1
327.6
131.4
5.0
332.3
135.1
2.3
327.0
128.9
4.4
327.6
131.4
5.0
329.5
132.3
5.3
330.4
133.3
4.1
331.9
133.6
2.9
332.3
135.1
2.3
17
18
19
20
21
22
23
440.1
478.8
81.2
5.9
386.7
525.5
81.5
7.6
357.3
541.2
82.5
8.6
336.7
627.4
85.7
12.3
308.3
610.9
86.1
11.4
320.1
610.5
84.5
11.3
336.7
627.4
85.7
12.3
312.5
646.6
86.2
13.0
309.6
641.0
86.8
12.5
305.1
620.7
86.1
11.5
308.3
610.9
86.1
11.4
20
21
22
23
24
25
Government-sponsored enterprises
Brokers and dealers
29.1
35.4
24.9
40.0
21.0
30.9
17.0
26.6
13.2
18.6
18.1
29.0
17.0
26.6
16.3
31.0
14.8
19.0
13.8
18.3
13.2
18.6
24
25
99
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
11655.4
11859.2
12152.8
12920.7
13474.5
12672.0
12920.7
13036.9
13022.7
13248.4
13474.5
2
3
4366.2
1570.3
4804.8
1731.3
5215.6
1939.9
5795.2
2140.7
6435.5
2171.5
5599.7
2052.0
5795.2
2140.7
5940.0
2174.6
6082.7
2087.0
6269.0
2127.2
6435.5
2171.5
2
3
Financial sectors
5718.8
5323.1
4997.3
4984.9
4867.5
5020.3
4984.9
4922.3
4853.0
4852.2
4867.5
176.3
2995.9
837.5
129.8
436.8
2112.0
1078.2
129.7
415.8
1888.9
1038.8
145.1
415.8
1683.4
957.5
171.2
397.7
1536.6
962.4
190.0
409.9
1716.6
1005.1
163.5
415.8
1683.4
957.5
171.2
413.9
1628.9
952.5
173.1
411.5
1585.2
949.0
179.5
406.5
1553.6
955.1
188.7
397.7
1536.6
962.4
190.0
5
6
7
8
92.9
1028.7
457.8
129.7
982.2
454.6
91.8
890.6
526.2
90.2
1105.3
561.5
112.4
1095.6
572.9
85.8
1081.9
557.4
90.2
1105.3
561.5
89.1
1093.8
571.0
103.1
1059.2
565.4
96.1
1071.3
580.8
112.4
1095.6
572.9
9
10
11
11655.4
11859.2
12152.8
12920.7
13474.5
12672.0
12920.7
13036.9
13022.7
13248.4
13474.5
12
2311.8
156.1
0.6
2465.3
484.8
1980.5
2293.8
163.5
0.9
2524.0
441.4
2082.6
2427.3
159.6
0.8
2484.0
415.5
2068.5
2640.9
150.1
0.6
2621.3
387.4
2234.0
2793.1
151.4
0.6
2730.1
370.7
2359.4
2542.5
155.1
0.7
2572.8
393.4
2179.4
2640.9
150.1
0.6
2621.3
387.4
2234.0
2600.2
150.7
0.6
2663.0
382.4
2280.7
2605.8
152.4
0.6
2602.2
370.2
2232.0
2664.7
151.7
0.6
2694.4
365.9
2328.5
2793.1
151.4
0.6
2730.1
370.7
2359.4
13
14
15
16
17
18
668.2
262.9
404.1
247.6
2.0
22.3
3.6
18.6
550.5
174.9
374.0
238.2
0.6
6.6
6.1
0.5
553.0
150.1
401.8
236.7
4.2
6.3
5.9
0.4
551.6
149.1
401.6
230.5
5.2
6.7
6.6
0.1
566.6
147.8
418.2
196.4
5.8
8.9
8.7
0.2
543.7
151.1
391.5
226.0
4.6
6.6
6.5
0.2
551.6
149.1
401.6
230.5
5.2
6.7
6.6
0.1
547.6
146.3
400.7
211.9
5.6
7.8
7.6
0.2
550.1
145.8
403.6
202.8
5.5
8.5
8.3
0.2
562.3
147.4
414.1
203.0
5.6
8.6
8.4
0.2
566.6
147.8
418.2
196.4
5.8
8.9
8.7
0.2
19
20
21
22
23
24
25
26
298.3
0.0
298.3
1927.2
0.0
1927.2
322.6
0.0
322.6
2030.2
0.0
2030.2
363.1
71.3
291.8
2117.3
434.9
1682.3
379.8
74.0
305.8
2150.6
410.6
1740.0
387.8
75.3
312.5
2200.4
411.8
1788.6
373.9
73.3
300.6
2141.2
416.1
1725.1
379.8
74.0
305.8
2150.6
410.6
1740.0
382.0
74.4
307.6
2165.3
413.1
1752.2
383.0
74.7
308.4
2177.8
413.4
1764.4
384.7
74.8
309.9
2180.5
414.0
1766.5
387.8
75.3
312.5
2200.4
411.8
1788.6
27
28
29
30
31
32
360.0
382.8
5.7
443.4
388.5
5.9
488.0
363.7
7.3
440.7
303.5
9.0
438.6
302.9
7.3
453.4
312.8
9.0
440.7
303.5
9.0
430.7
295.7
8.5
432.6
290.2
8.0
435.8
295.3
7.5
438.6
302.9
7.3
33
34
35
169.9
1120.7
55.6
55.4
154.2
1243.0
59.8
74.1
105.1
1413.4
57.4
107.7
102.1
1719.4
65.0
155.3
102.1
2001.4
81.7
174.8
93.0
1633.4
62.5
147.1
102.1
1719.4
65.0
155.3
103.0
1816.6
71.6
162.3
90.7
1868.5
77.5
164.9
89.1
1947.3
78.3
170.4
102.1
2001.4
81.7
174.8
36
37
38
39
5
6
7
8
9
10
11
12
Total liabilities
2010
13
14
15
16
17
18
Household sector
State and local governments
Federal government
Rest of the world (4)
MBS and other ABS
Other
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
Government-sponsored enterprises
MBS and other ABS
Other
Finance companies
REITs
296.0
288.2
7.9
198.6
15.5
266.5
241.6
24.8
84.1
20.8
235.7
209.5
26.2
85.0
22.1
185.7
178.3
7.4
78.7
32.2
129.4
122.0
7.4
70.1
36.4
199.6
186.0
13.6
85.3
30.6
185.7
178.3
7.4
78.7
32.2
179.9
172.7
7.3
78.1
37.1
168.6
161.5
7.1
73.7
36.6
139.1
132.1
7.0
72.8
36.4
129.4
122.0
7.4
70.1
36.4
40
41
42
43
44
45
46
47
154.4
31.1
710.2
189.5
38.3
760.1
104.5
18.3
792.4
140.0
79.9
871.9
133.1
35.7
920.0
139.3
86.0
852.7
140.0
79.9
871.9
148.0
80.3
890.2
134.8
79.8
908.0
134.1
78.0
908.3
133.1
35.7
920.0
45
46
47
Levels
2009
100
2010
2011
2012
2013
2012
Q3
4
5
6
7
8
9
Levels
Financial corporations
Holdings at market value
Household sector
State and local governments
Federal government
Rest of the world (3)
2013
Q4
Q1
Q2
Q3
Q4
20085.5
23567.2
23088.2
26443.6
34687.5
26256.7
26443.6
29308.3
29764.3
31734.5
34687.5
12512.2
14371.6
14500.8
16107.0
21363.1
16366.8
16107.0
18149.1
18383.0
19569.1
21363.1
3995.3
4900.2
4501.4
5390.5
6802.7
5107.3
5390.5
5648.7
5632.1
6164.6
6802.7
3578.1
4295.4
4085.9
4946.1
6521.7
4782.7
4946.1
5510.6
5749.2
6000.8
6521.7
20085.5
23567.2
23088.2
26443.6
34687.5
26256.7
26443.6
29308.3
29764.3
31734.5
34687.5
7491.9
111.5
67.4
2476.7
8996.7
125.8
49.9
2962.2
9049.9
122.6
57.8
3035.3
10337.7
129.5
39.9
3467.6
13864.8
152.7
35.1
4655.6
10269.3
132.5
41.2
3448.0
10337.7
129.5
39.9
3467.6
11632.5
138.2
38.6
3906.8
11779.5
140.9
37.9
4011.5
12546.7
145.2
35.3
4278.4
13864.8
152.7
35.1
4655.6
6
7
8
9
25.1
63.6
0.0
26.4
73.6
0.1
0.0
67.4
0.0
0.0
87.1
0.0
0.0
116.8
0.0
0.0
83.4
0.0
0.0
87.1
0.0
0.0
96.8
0.0
0.0
96.9
0.0
0.0
104.4
0.0
0.0
116.8
0.0
10
11
12
10
11
12
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
13
14
215.6
1208.5
214.8
1402.6
220.8
1390.2
252.2
1545.1
301.6
1888.1
252.3
1543.7
252.2
1545.1
267.2
1655.4
272.0
1679.9
280.0
1739.1
301.6
1888.1
13
14
15
16
17
1647.1
1617.8
116.8
1938.3
1778.2
140.9
1826.1
1693.0
134.4
2041.8
1966.4
148.1
2484.1
2454.5
207.7
2057.3
1961.9
153.3
2041.8
1966.4
148.1
2206.1
2166.1
167.8
2238.6
2187.3
173.8
2346.4
2299.0
185.0
2484.1
2454.5
207.7
15
16
17
18
19
20
Mutual funds
Closed-end funds
Exchange-traded funds
4136.2
88.1
670.0
4762.7
97.4
854.1
4427.2
96.5
863.8
5107.0
101.3
1093.3
6809.2
117.6
1427.3
5037.8
101.1
1047.1
5107.0
101.3
1093.3
5611.2
108.6
1195.9
5743.8
108.4
1172.2
6246.2
110.4
1291.5
6809.2
117.6
1427.3
18
19
20
21
22
124.2
25.1
117.2
26.4
103.2
0.0
126.7
0.0
172.4
0.0
127.9
0.0
126.7
0.0
117.1
0.0
121.4
0.0
126.8
0.0
172.4
0.0
21
22
6920.7
7873.0
7870.9
9323.6
11526.8
9131.0
9323.6
10087.4
10299.5
10904.9
11526.8
6920.7
7873.0
7870.9
9323.6
11526.8
9131.0
9323.6
10087.4
10299.5
10904.9
11526.8
4115.8
162.0
4594.0
186.8
4449.2
165.9
5279.4
181.7
6692.1
211.5
5124.1
179.6
5279.4
181.7
5755.2
190.9
5946.7
192.7
6343.0
201.6
6692.1
211.5
3
4
48.3
364.1
58.2
513.8
58.0
735.6
61.5
987.1
73.5
1043.7
63.1
950.4
61.5
987.1
66.0
1006.8
67.4
963.1
69.6
987.4
73.5
1043.7
5
6
46.1
1.3
45.0
1.5
41.7
1.9
59.2
2.3
84.5
2.2
52.8
2.2
59.2
2.3
67.3
2.6
67.9
2.4
75.9
2.2
84.5
2.2
7
8
9.5
140.8
10.2
155.7
9.1
150.1
11.8
159.3
15.5
184.6
11.3
159.3
11.8
159.3
12.9
167.6
13.4
168.8
14.4
175.9
15.5
184.6
9
10
1827.5
205.2
2084.7
223.2
2052.8
206.9
2340.9
240.3
2920.7
298.5
2348.6
239.7
2340.9
240.3
2553.3
264.7
2608.9
268.2
2755.7
279.4
2920.7
298.5
11
12
3
4
Household sector
Nonfinancial corporate business
5
6
7
8
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.
101
Total liabilities
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2062.5
2001.2
2147.8
2322.7
2507.1
2244.9
2322.7
2323.8
2388.1
2424.7
2507.1
2
3
4
Household sector
Corporate business
Noncorporate business
10.2
546.0
944.0
61.0
480.9
923.7
12.4
549.8
980.4
66.3
609.5
1070.6
88.0
654.1
1120.5
23.1
574.7
1047.8
66.3
609.5
1070.6
57.3
605.4
1075.4
66.7
621.8
1093.5
91.9
627.8
1105.7
88.0
654.1
1120.5
2
3
4
5
6
7
8
137.5
4.5
37.4
95.6
162.0
6.6
53.0
102.4
205.2
5.4
69.8
130.0
237.7
6.2
70.4
161.0
276.8
7.1
90.5
179.3
233.9
5.1
71.0
157.8
237.7
6.2
70.4
161.0
246.0
6.1
76.2
163.6
252.2
6.1
80.5
165.7
262.5
6.6
86.7
169.3
276.8
7.1
90.5
179.3
5
6
7
8
Financial sectors
424.7
373.7
399.9
338.7
367.6
365.3
338.7
339.7
353.8
336.8
367.6
10
11
12
Finance companies
REITs
Brokers and dealers
144.5
20.7
0.0
91.5
18.5
0.0
102.1
22.1
0.0
118.5
23.4
0.0
128.6
28.5
0.0
115.8
19.6
0.0
118.5
23.4
0.0
118.7
20.1
0.0
127.5
21.1
0.0
126.7
27.4
0.0
128.6
28.5
0.0
10
11
12
13
14
Holding companies
Funding corporations
164.2
95.3
190.3
73.4
254.3
21.5
196.8
0.0
210.5
0.0
229.8
0.0
196.8
0.0
200.9
0.0
205.2
0.0
182.8
0.0
210.5
0.0
13
14
2062.5
2001.2
2147.8
2322.7
2507.1
2244.9
2322.7
2323.8
2388.1
2424.7
2507.1
15
15
Total assets
16
17
18
19
20
142.8
98.1
30.5
0.6
0.1
1.5
0.6
0.4
0.3
0.1
0.1
16
1431.3
435.5
19.4
33.4
1425.9
424.2
16.1
36.9
1589.6
467.1
17.1
43.5
1797.1
463.4
18.1
43.6
1933.3
507.2
19.5
47.0
1720.7
460.4
17.6
44.7
1797.1
463.4
18.1
43.6
1794.8
467.5
18.1
43.0
1847.0
476.9
19.0
44.9
1869.5
490.8
19.5
44.9
1933.3
507.2
19.5
47.0
17
18
19
20
(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.
(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.108.
Levels
2009
102
Levels
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2098.1
1764.7
1769.7
1821.8
1923.8
1793.4
1821.8
1815.2
1900.4
1898.6
1923.8
2
3
4
5
6
7
8
9
10
177.4
12.6
74.9
52.4
13.5
21.9
0.0
0.0
2.0
180.9
11.6
70.6
53.0
14.4
22.1
0.0
0.0
9.2
185.8
11.2
70.1
55.9
15.3
23.5
0.0
0.0
9.8
188.3
11.0
75.3
56.5
15.7
26.7
0.0
0.0
3.0
195.1
12.1
76.1
58.5
16.2
29.7
0.0
0.0
2.4
189.0
11.0
74.2
56.6
15.6
25.5
0.0
0.0
6.1
188.3
11.0
75.3
56.5
15.7
26.7
0.0
0.0
3.0
190.9
11.2
76.1
57.0
16.0
28.1
0.0
0.0
2.5
193.0
11.8
76.2
57.4
16.0
29.2
0.0
0.0
2.4
194.0
11.6
76.2
58.3
16.1
29.5
0.0
0.0
2.4
195.1
12.1
76.1
58.5
16.2
29.7
0.0
0.0
2.4
2
3
4
5
6
7
8
9
10
11
12
182.5
182.5
162.3
162.3
196.1
196.1
143.9
143.9
138.7
138.7
157.7
157.7
143.9
143.9
141.6
141.6
152.4
152.4
139.0
139.0
138.7
138.7
11
12
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
13
14
15
16
14.6
14.6
0.0
18.9
18.9
0.0
22.9
22.9
0.0
105.3
99.3
6.1
75.7
71.7
4.0
107.8
103.2
4.7
105.3
99.3
6.1
106.0
101.4
4.6
110.7
106.4
4.3
100.5
96.6
3.9
75.7
71.7
4.0
17
18
19
13
14
15
16
2010
17
18
19
20
21
22
121.1
0.5
120.6
124.5
0.5
124.0
126.9
0.5
126.5
128.3
0.4
127.8
129.1
0.4
128.8
127.2
0.4
126.8
128.3
0.4
127.8
128.2
0.4
127.8
128.9
0.4
128.5
129.3
0.4
128.9
129.1
0.4
128.8
20
21
22
23
24
25
26
27
28
29
695.9
0.0
5.3
74.7
541.1
26.5
48.3
551.3
0.0
6.9
80.3
392.8
26.1
45.1
487.0
0.0
6.0
77.7
332.3
24.2
46.8
505.7
0.0
6.7
85.3
336.9
25.1
51.6
580.1
0.0
6.7
88.3
400.0
28.2
57.0
487.6
0.0
6.7
82.6
321.6
24.4
52.4
505.7
0.0
6.7
85.3
336.9
25.1
51.6
498.8
0.0
7.5
83.9
332.3
22.2
52.9
541.0
0.0
6.5
83.8
372.7
23.5
54.5
547.3
0.0
6.1
83.6
377.3
26.6
53.8
580.1
0.0
6.7
88.3
400.0
28.2
57.0
23
24
25
26
27
28
29
30
31
54.4
54.4
4.0
4.0
0.1
0.1
1.8
1.8
1.9
1.9
3.2
3.2
1.8
1.8
3.9
3.9
4.3
4.3
3.9
3.9
1.9
1.9
30
31
32
33
34
448.9
404.0
44.9
372.7
335.5
37.3
375.8
338.2
37.6
387.0
348.3
38.7
403.0
362.7
40.3
377.5
339.7
37.7
387.0
348.3
38.7
390.9
351.8
39.1
395.0
355.5
39.5
397.5
357.8
39.8
403.0
362.7
40.3
32
33
34
35
36
37
38
39
40
41
403.4
26.8
20.4
75.4
197.8
60.1
22.9
350.2
26.2
16.7
74.6
163.8
47.4
21.4
375.1
23.4
22.2
93.5
162.3
54.3
19.4
361.6
20.9
22.6
105.7
160.0
39.6
12.9
400.1
25.3
24.2
145.4
149.8
46.3
9.1
343.4
23.1
22.0
100.6
153.9
31.9
11.9
361.6
20.9
22.6
105.7
160.0
39.6
12.9
354.9
22.7
21.7
113.4
146.9
37.2
12.9
375.0
24.0
22.8
130.9
143.3
42.2
11.8
387.1
24.5
23.2
137.9
147.3
43.8
10.4
400.1
25.3
24.2
145.4
149.8
46.3
9.1
35
36
37
38
39
40
41
(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 depository institutions and finance companies which are included elsewhere.
103
1
2
3
4
5
6
7
Total mortgages
Home
Multifamily residential
Commercial
Farm
Total liabilities
Household sector
8
9
10
Nonfinancial business
Corporate
Noncorporate
11
12
Federal government
REITs
13
Total assets
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
14420.8
13780.2
13461.8
13201.6
13244.0
13192.2
13201.6
13148.7
13150.9
13207.8
13244.0
10937.1
854.4
2483.3
146.0
10438.4
850.9
2336.9
154.1
10183.1
856.5
2254.9
167.2
9928.0
879.1
2221.5
173.0
9863.4
917.3
2282.3
181.0
9944.1
868.5
2208.1
171.5
9928.0
879.1
2221.5
173.0
9876.8
882.6
2214.4
175.0
9849.9
893.7
2230.4
177.0
9873.5
904.6
2250.8
179.0
9863.4
917.3
2282.3
181.0
2
3
4
5
14420.8
13780.2
13461.8
13201.6
13244.0
13192.2
13201.6
13148.7
13150.9
13207.8
13244.0
10611.4
10089.9
9854.4
9608.7
9549.4
9622.0
9608.7
9560.5
9534.8
9558.4
9549.4
3642.5
774.0
2868.5
3523.2
671.2
2852.0
3431.2
614.4
2816.8
3401.1
604.8
2796.2
3505.1
632.4
2872.7
3382.1
598.3
2783.8
3401.1
604.8
2796.2
3391.0
599.4
2791.6
3422.9
609.4
2813.5
3456.1
613.0
2843.1
3505.1
632.4
2872.7
8
9
10
0.0
166.9
0.0
167.1
0.0
176.2
0.0
191.8
0.0
189.5
0.0
188.0
0.0
191.8
0.0
197.3
0.0
193.2
0.0
193.4
0.0
189.5
11
12
14420.8
13780.2
13461.8
13201.6
13244.0
13192.2
13201.6
13148.7
13150.9
13207.8
13244.0
13
14
15
16
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
108.0
29.5
37.9
95.6
28.0
42.1
96.0
27.4
42.5
81.5
26.9
43.1
72.2
26.3
44.3
84.7
27.0
42.8
81.5
26.9
43.1
79.1
26.7
43.2
76.6
26.6
43.6
74.2
26.5
43.9
72.2
26.3
44.3
14
15
16
17
18
192.3
108.4
202.2
105.8
197.8
109.9
186.1
111.5
187.6
115.5
192.3
112.5
186.1
111.5
186.8
113.3
188.9
113.2
188.0
114.1
187.6
115.5
17
18
19
20
21
22
4371.9
37.8
42.3
316.9
4194.9
35.4
35.8
317.0
4049.6
32.8
33.4
320.5
3997.4
30.9
34.9
327.8
3961.0
30.3
32.4
344.8
3944.6
31.2
32.0
326.4
3997.4
30.9
34.9
327.8
3962.9
29.7
34.3
328.0
3956.0
29.6
33.6
332.1
3948.7
29.8
31.6
340.4
3961.0
30.3
32.4
344.8
19
20
21
22
23
24
4.4
326.1
4.1
317.5
4.9
332.5
5.6
344.4
7.3
359.4
5.5
343.5
5.6
344.4
5.8
344.2
6.6
348.3
7.0
356.0
7.3
359.4
23
24
25
26
23.8
11.4
26.6
10.9
21.9
11.1
19.4
9.9
16.5
7.0
20.0
10.1
19.4
9.9
18.7
9.5
18.0
9.1
17.2
8.5
16.5
7.0
25
26
27
28
707.7
5376.7
5021.0
1139.5
4924.0
1304.8
4823.5
1437.0
4881.1
1569.5
4844.5
1408.0
4823.5
1437.0
4825.0
1462.7
4836.1
1498.1
4872.0
1540.8
4881.1
1569.5
27
28
29
30
31
ABS issuers
Finance companies
REITs
2247.2
430.3
48.3
1918.5
243.5
41.9
1699.3
211.2
42.1
1493.9
179.5
48.3
1360.5
157.0
71.3
1533.6
188.1
45.4
1493.9
179.5
48.3
1455.4
174.4
48.9
1411.6
171.2
52.0
1375.3
165.9
68.1
1360.5
157.0
71.3
29
30
31
Levels
2009
104
1
2
3
4
5
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
10937.1
10438.4
10183.1
9928.0
9863.4
9944.1
9928.0
9876.8
9849.9
9873.5
9863.4
10417.3
20.3
499.4
9907.2
13.6
517.6
9678.1
10.2
494.8
9435.2
9.7
483.1
9371.6
10.0
481.7
9449.5
9.9
484.6
9435.2
9.7
483.1
9387.5
9.4
479.9
9360.7
9.6
479.5
9382.4
9.8
481.3
9371.6
10.0
481.7
2
3
4
10937.1
10438.4
10183.1
9928.0
9863.4
9944.1
9928.0
9876.8
9849.9
9873.5
9863.4
83.2
17.7
13.9
75.2
16.8
15.4
67.2
16.1
15.5
59.2
15.5
15.8
51.2
14.9
16.2
61.2
15.7
15.6
59.2
15.5
15.8
57.2
15.4
15.8
55.2
15.2
15.9
53.2
15.0
16.1
51.2
14.9
16.2
6
7
8
9
10
99.0
22.1
104.2
23.1
101.8
24.0
95.8
25.2
96.6
25.6
99.0
25.9
95.8
25.2
96.2
25.8
97.3
25.1
96.8
24.5
96.6
25.6
9
10
11
12
13
14
2692.5
0.9
22.6
316.9
2614.7
1.1
20.1
317.0
2537.0
1.3
17.8
320.5
2484.9
1.8
20.0
327.8
2370.8
1.4
18.9
344.8
2452.4
1.6
17.0
326.4
2484.9
1.8
20.0
327.8
2447.1
1.8
20.0
328.0
2420.2
1.6
19.2
332.1
2389.1
1.4
19.1
340.4
2370.8
1.4
18.9
344.8
11
12
13
14
15
16
17
8.7
2.0
4.1
9.0
1.9
3.9
9.0
1.6
4.0
9.5
1.6
3.6
10.4
1.4
2.5
10.4
1.6
3.7
9.5
1.6
3.6
9.4
1.5
3.4
9.7
1.5
3.3
10.2
1.4
3.0
10.4
1.4
2.5
15
16
17
18
19
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
431.3
5266.5
4687.1
1068.8
4583.9
1216.8
4472.3
1321.8
4547.6
1420.6
4495.5
1301.7
4472.3
1321.8
4476.4
1340.2
4490.1
1366.2
4531.3
1400.2
4547.6
1420.6
18
19
20
21
22
ABS issuers
Finance companies
REITs
1576.9
366.0
12.6
1301.7
169.5
8.9
1108.5
149.7
8.1
927.2
132.6
13.6
793.1
114.7
32.7
969.2
134.9
12.3
927.2
132.6
13.6
893.6
129.7
15.4
854.6
126.2
16.5
819.4
122.1
30.3
793.1
114.7
32.7
20
21
22
1033.3
841.4
0.3
94.6
31.5
65.5
928.5
783.3
0.3
88.2
22.8
33.9
853.5
723.1
0.3
82.2
18.0
29.9
769.6
652.7
0.2
75.7
14.4
26.5
703.8
596.2
0.4
72.9
11.4
22.9
790.3
670.7
0.2
77.2
15.2
27.0
769.6
652.7
0.2
75.7
14.4
26.5
748.1
634.2
0.3
74.0
13.7
25.9
730.5
620.1
0.2
72.5
12.5
25.2
715.1
605.9
0.3
72.5
11.9
24.4
703.8
596.2
0.4
72.9
11.4
22.9
23
24
25
26
27
28
23
24
25
26
27
28
Total assets
2011
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
6
7
8
Levels
Total liabilities
2010
Memo:
Home equity loans included above (2)
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Credit unions
ABS issuers
Finance companies
Total liabilities
2
3
4
5
Federal government
REITs
850.9
856.5
879.1
917.3
868.5
879.1
882.6
893.7
904.6
917.3
41.4
786.2
41.2
782.1
41.4
787.5
42.6
810.0
44.4
844.4
42.1
800.1
42.6
810.0
42.6
808.8
43.2
820.2
43.7
830.3
44.4
844.4
2
3
0.0
26.8
0.0
27.7
0.0
27.6
0.0
26.5
0.0
28.5
0.0
26.3
0.0
26.5
0.0
31.2
0.0
30.3
0.0
30.6
0.0
28.5
4
5
854.4
850.9
856.5
879.1
917.3
868.5
879.1
882.6
893.7
904.6
917.3
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
0.0
0.5
12.9
0.0
0.4
14.3
0.0
0.4
14.5
0.0
0.4
14.7
0.0
0.4
15.1
0.0
0.4
14.6
0.0
0.4
14.7
0.0
0.4
14.7
0.0
0.4
14.8
0.0
0.4
15.0
0.0
0.4
15.1
7
8
9
10
11
76.9
14.7
80.9
14.4
79.1
14.1
74.4
13.7
75.1
13.8
76.9
13.7
74.4
13.7
74.7
13.6
75.6
13.6
75.2
13.5
75.1
13.8
10
11
12
13
267.0
4.0
254.9
3.5
248.3
2.9
253.3
1.4
284.0
1.1
248.2
1.4
253.3
1.4
256.5
1.3
263.9
0.9
272.3
1.1
284.0
1.1
12
13
14
15
16
48.5
2.7
3.4
47.2
3.1
3.3
49.4
2.9
3.3
51.1
2.5
3.0
53.1
2.2
2.1
51.0
2.6
3.0
51.1
2.5
3.0
50.9
2.4
2.9
51.5
2.3
2.7
52.6
2.2
2.5
53.1
2.2
2.1
14
15
16
17
18
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
204.4
105.7
256.5
66.9
259.2
86.4
265.5
113.4
243.5
147.1
264.6
104.3
265.5
113.4
261.9
120.6
258.1
130.1
251.8
138.8
243.5
147.1
17
18
19
20
21
ABS issuers
Finance companies
REITs
107.0
4.6
2.3
98.4
5.1
1.9
90.7
3.6
1.7
81.1
2.8
1.8
75.5
2.0
2.6
82.9
3.1
1.7
81.1
2.8
1.8
77.6
2.7
2.1
74.8
2.2
2.8
74.3
2.1
2.7
75.5
2.0
2.6
19
20
21
7
8
9
Total assets
854.4
105
1
2
3
4
5
6
Total liabilities
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
REITs
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2483.3
2336.9
2254.9
2221.5
2282.3
2208.1
2221.5
2214.4
2230.4
2250.8
2282.3
194.1
679.3
1469.9
140.1
182.7
580.3
1434.5
139.4
176.3
522.0
1408.1
148.6
173.5
509.6
1373.1
165.3
177.7
533.6
1409.9
161.0
172.6
503.6
1370.2
161.8
173.5
509.6
1373.1
165.3
172.9
504.2
1371.2
166.1
174.0
513.0
1380.4
162.9
176.0
515.5
1396.6
162.8
177.7
533.6
1409.9
161.0
2
3
4
5
2483.3
2336.9
2254.9
2221.5
2282.3
2208.1
2221.5
2214.4
2230.4
2250.8
2282.3
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
19.2
11.4
10.4
18.1
10.8
11.5
17.5
10.8
11.7
17.2
10.9
11.8
17.6
11.0
12.2
17.1
10.9
11.7
17.2
10.9
11.8
17.1
10.9
11.8
17.2
11.0
11.9
17.4
11.0
12.0
17.6
11.0
12.2
7
8
9
10
11
15.4
67.8
16.2
64.1
15.8
67.2
14.9
68.0
15.0
71.9
15.4
68.4
14.9
68.0
14.9
69.3
15.1
69.9
15.0
71.6
15.0
71.9
10
11
12
13
14
1367.4
32.9
19.6
1273.2
30.8
15.7
1210.3
28.5
15.6
1198.4
27.6
14.9
1239.5
27.8
13.5
1184.8
28.1
14.9
1198.4
27.6
14.9
1197.1
26.6
14.4
1208.2
27.1
14.4
1222.0
27.4
12.5
1239.5
27.8
13.5
12
13
14
15
16
4.4
255.6
4.1
248.8
4.9
261.1
5.6
270.9
7.3
283.0
5.5
269.1
5.6
270.9
5.8
270.8
6.6
274.0
7.0
280.1
7.3
283.0
15
16
17
18
19.0
3.9
21.5
3.7
17.4
3.8
15.3
3.4
13.0
2.4
15.8
3.4
15.3
3.4
14.7
3.2
14.2
3.1
13.6
2.9
13.0
2.4
17
18
19
20
0.0
563.3
0.0
518.4
0.0
500.1
0.0
485.7
0.0
491.9
0.0
481.5
0.0
485.7
0.0
484.2
0.0
482.2
0.0
481.6
0.0
491.9
19
20
21
22
Finance companies
REITs
59.7
33.4
68.9
31.2
57.9
32.3
44.1
32.8
40.3
36.1
50.1
31.4
44.1
32.8
42.0
31.3
42.7
32.7
41.7
35.1
40.3
36.1
21
22
7
8
9
Total assets
2010
Total liabilities
Nonfinancial corporate business
Nonfinancial noncorporate business
Total assets
146.0
154.1
167.2
173.0
181.0
171.5
173.0
175.0
177.0
179.0
181.0
33.0
113.0
36.2
117.9
40.7
126.5
42.9
130.1
44.4
136.6
42.7
128.9
42.9
130.1
43.3
131.7
43.6
133.3
44.0
134.9
44.4
136.6
2
3
146.0
154.1
167.2
173.0
181.0
171.5
173.0
175.0
177.0
179.0
181.0
5
6
Household sector
Nonfinancial noncorporate business
5.5
0.8
2.3
0.8
11.4
0.8
5.1
0.9
3.4
0.9
6.5
0.9
5.1
0.9
4.8
0.9
4.1
0.9
3.6
0.9
3.4
0.9
5
6
7
8
1.0
3.9
1.0
4.3
1.0
4.5
0.9
4.6
0.9
4.2
1.0
4.6
0.9
4.6
0.9
4.5
0.9
4.5
0.9
4.6
0.9
4.2
7
8
9
10
45.1
0.0
52.1
0.0
53.9
0.0
60.8
0.0
66.8
0.0
59.2
0.0
60.8
0.0
62.3
0.0
63.7
0.0
65.2
0.0
66.8
0.0
9
10
11
12
13.3
0.0
12.4
0.0
13.0
0.0
13.0
0.0
13.0
0.0
13.0
0.0
13.0
0.0
13.0
0.0
13.0
0.0
13.0
0.0
13.0
0.0
11
12
13
14
Government-sponsored enterprises
Agency- and GSE-backed mortgage pools
72.0
4.5
77.4
3.8
80.9
1.7
85.8
1.9
89.9
1.8
84.5
2.0
85.8
1.9
86.7
1.9
87.9
1.8
88.9
1.8
89.9
1.8
13
14
Levels
2009
106
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2553.5
2648.1
2757.0
2924.3
3098.6
2859.4
2924.3
2924.4
2967.7
3038.8
3098.6
2553.5
2648.1
2757.0
2924.3
3098.6
2859.4
2924.3
2924.4
2967.7
3038.8
3098.6
88.8
53.8
0.0
78.4
46.2
0.0
74.5
48.5
0.0
67.1
48.5
0.0
61.7
43.1
0.0
67.5
47.8
0.0
67.1
48.5
0.0
65.0
42.0
0.0
63.8
42.0
0.0
62.6
42.6
0.0
61.7
43.1
0.0
3
4
5
3
4
5
6
7
8
223.1
906.3
237.1
356.2
1185.5
226.5
484.7
1192.6
223.0
616.8
1218.7
243.6
729.8
1271.6
265.0
596.6
1186.1
236.7
616.8
1218.7
243.6
659.5
1191.3
245.5
674.6
1211.5
253.1
713.5
1231.5
261.9
729.8
1271.6
265.0
6
7
8
Government-sponsored enterprises
ABS issuers
Finance companies
0.0
572.5
471.9
0.0
50.3
705.0
0.0
46.2
687.6
0.0
49.9
679.8
0.0
48.6
679.0
0.0
47.9
676.6
0.0
49.9
679.8
0.0
49.8
671.3
0.0
48.0
674.6
0.0
48.4
678.5
0.0
48.6
679.0
9
10
11
917.2
718.9
831.6
85.8
840.7
712.9
912.4
182.1
842.5
750.7
1012.3
151.6
845.8
808.5
1131.3
138.7
856.5
874.9
1225.6
141.6
813.0
798.2
1114.8
133.3
845.8
808.5
1131.3
138.7
804.9
820.4
1168.9
130.3
814.8
840.6
1178.6
133.9
820.3
866.0
1213.0
139.6
856.5
874.9
1225.6
141.6
12
13
14
15
9
10
11
Memo:
Levels
12
13
14
15
(1) Student loans originated under the Federal Family Education Loan Program.
(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program
loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.
(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.
(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and
finance companies (part of line 11). Data begin in 2006:Q1.
(5) Includes student loans before 2006:Q1.
107
Household sector
3
4
5
6
7
8
10
11
12
13
14
15
16
17
Discrepancy
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3214.9
3441.4
3500.4
3672.9
3866.2
3649.8
3672.9
3722.0
3771.3
3832.7
3866.2
252.7
274.1
288.2
289.7
284.3
290.5
289.7
288.1
285.7
285.6
284.3
1590.2
397.4
1746.5
427.7
1771.7
435.5
1890.1
434.8
2018.2
444.1
1875.2
433.0
1890.1
434.8
1917.4
439.0
1946.5
441.2
1994.7
443.8
2018.2
444.1
3
4
630.5
204.6
669.0
210.9
707.4
220.3
746.5
228.3
786.1
251.5
736.7
234.0
746.5
228.3
756.3
237.6
766.2
246.1
776.1
250.4
786.1
251.5
5
6
69.3
70.1
95.1
18.1
63.0
14.3
69.3
14.2
67.4
14.5
67.4
13.0
69.3
14.2
68.2
15.4
70.1
15.6
68.7
13.3
67.4
14.5
7
8
2973.9
3136.4
3249.6
3361.5
3540.3
3453.1
3361.5
3471.7
3562.9
3587.1
3540.3
2053.9
496.3
2155.8
533.4
2239.2
539.2
2322.7
546.9
2462.7
562.3
2414.0
542.8
2322.7
546.9
2426.5
548.1
2504.0
552.5
2520.6
557.2
2462.7
562.3
10
11
139.1
43.6
96.7
152.2
42.9
116.4
154.5
47.7
134.2
162.7
50.3
145.6
172.3
50.5
157.3
161.6
52.0
146.8
162.7
50.3
145.6
165.0
48.7
149.2
167.1
52.0
154.4
170.7
50.6
155.1
172.3
50.5
157.3
12
13
14
83.0
61.3
83.8
51.8
87.2
47.6
92.0
41.2
99.5
35.7
94.5
41.4
92.0
41.2
94.0
40.1
96.6
36.2
98.3
34.6
99.5
35.7
15
16
241.0
305.0
250.8
311.4
325.9
196.8
311.4
250.3
208.5
245.6
325.9
17
Total liabilities
1091.2
1214.8
1312.6
1512.5
1548.5
1482.4
1512.5
1492.1
1511.5
1536.4
1548.5
2
3
Household sector
Rest of the world
203.0
0.0
278.2
0.0
238.9
0.0
303.7
0.0
339.2
0.0
269.1
0.0
303.7
0.0
307.9
0.0
302.6
0.0
313.7
0.0
339.2
0.0
2
3
4
5
6
7
888.2
668.6
158.0
61.6
936.6
694.3
152.3
90.1
1073.7
752.4
189.6
131.7
1208.7
776.0
243.0
189.7
1209.3
833.8
187.1
188.4
1213.2
780.2
241.8
191.3
1208.7
776.0
243.0
189.7
1184.2
782.6
209.0
192.6
1209.0
820.3
198.7
190.0
1222.7
826.5
188.0
208.1
1209.3
833.8
187.1
188.4
4
5
6
7
1091.2
1214.8
1312.6
1512.5
1548.5
1482.4
1512.5
1492.1
1511.5
1536.4
1548.5
9
10
Total assets
Household sector
Rest of the world
668.6
0.0
694.3
0.0
752.4
0.0
776.0
0.0
833.8
0.0
780.2
0.0
776.0
0.0
782.6
0.0
820.3
0.0
826.5
0.0
833.8
0.0
9
10
11
12
13
158.0
61.6
203.0
152.3
90.1
278.2
189.6
131.7
238.9
243.0
189.7
303.7
187.1
188.4
339.2
241.8
191.3
269.1
243.0
189.7
303.7
209.0
192.6
307.9
198.7
190.0
302.6
188.0
208.1
313.7
187.1
188.4
339.2
11
12
13
Levels
2009
108
1
2
3
4
5
6
7
Total liabilities
Federal government
Life insurance companies
Net change in assets
Households
U.S.-chartered depository institutions
Holding companies
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1242.1
1278.3
1352.0
1359.0
1416.0
1353.2
1359.0
1370.1
1377.3
1397.0
1416.0
47.5
1194.5
48.4
1229.9
49.7
1302.3
50.0
1309.0
50.3
1365.7
50.1
1303.1
50.0
1309.0
50.1
1320.0
50.2
1327.0
50.1
1346.9
50.3
1365.7
2
3
1242.1
1278.3
1352.0
1359.0
1416.0
1353.2
1359.0
1370.1
1377.3
1397.0
1416.0
1109.2
111.5
21.4
1137.2
116.0
25.1
1203.6
120.8
27.6
1186.1
138.1
34.9
1232.1
143.9
39.9
1180.6
136.4
36.2
1186.1
138.1
34.9
1194.6
139.4
36.1
1200.4
140.4
36.4
1217.7
141.7
37.5
1232.1
143.9
39.9
5
6
7
Levels
Total liabilities
15206.0
16745.7
17120.8
18088.8
19600.7
17948.8
18088.8
18563.3
18738.6
19101.5
19600.7
2
3
2350.4
5973.2
2568.5
6620.7
2601.7
6673.5
2786.8
7154.4
3084.8
8002.7
2746.2
7124.0
2786.8
7154.4
2873.4
7451.9
2879.4
7552.1
2948.3
7754.7
3084.8
8002.7
2
3
4
5
3959.8
2922.5
4408.7
3147.8
4589.2
3256.5
4773.1
3374.5
4981.4
3531.7
4725.9
3352.7
4773.1
3374.5
4825.2
3412.8
4877.3
3429.9
4929.4
3469.1
4981.4
3531.7
4
5
15206.0
16745.7
17120.8
18088.8
19600.7
17948.8
18088.8
18563.3
18738.6
19101.5
19600.7
40.6
53.1
74.0
83.0
76.8
93.7
83.0
100.9
72.2
84.6
76.8
2
3
35.7
99.9
42.9
99.2
51.7
100.3
58.3
101.9
41.0
104.9
61.2
101.0
58.3
101.9
65.0
102.1
52.3
103.0
54.7
103.9
41.0
104.9
2
3
-66.2
-59.6
-49.1
-47.9
-47.5
-46.3
-47.9
-46.0
-58.9
-53.0
-47.5
5
6
-15.8
-31.4
-10.1
-28.8
-14.5
-23.6
-10.8
-28.3
-1.6
-30.5
-8.7
-23.6
-10.8
-28.3
-3.2
-28.4
-5.2
-30.1
-2.5
-30.1
-1.6
-30.5
5
6
7
8
Finance companies
Brokers and dealers
12.7
5.7
6.0
3.6
6.7
2.5
6.7
3.1
6.7
3.7
6.5
3.7
6.7
3.1
6.9
4.4
6.8
4.4
7.0
4.6
6.7
3.7
7
8
250.9
262.1
272.8
279.4
287.3
277.4
279.4
281.3
283.4
285.5
287.3
117.1
133.9
117.8
144.3
120.0
152.8
121.3
158.1
123.8
163.4
120.6
156.8
121.3
158.1
121.8
159.5
122.6
160.8
123.4
162.1
123.8
163.4
10
11
-210.4
-209.0
-198.8
-196.4
-210.4
-183.7
-196.4
-180.4
-211.2
-200.9
-210.4
12
9
10
11
12
6216.7
6900.0
7384.9
8073.5
8724.5
7899.8
8073.5
8232.4
8424.0
8600.4
8724.5
6201.9
14.8
6884.0
15.9
7371.8
13.1
8055.0
18.6
8705.3
19.2
7880.8
19.1
8055.0
18.6
8213.2
19.2
8404.6
19.3
8582.7
17.7
8705.3
19.2
2
3
109
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
22076.3
22668.2
23623.2
23974.7
22640.7
23914.8
23974.7
23952.3
23878.0
23956.9
22640.7
2
3
4
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
22.1
3942.7
1248.1
24.7
3965.0
1197.7
24.3
4057.8
1232.7
24.9
3752.0
1242.4
27.0
3460.1
1249.6
28.4
3874.2
1246.4
24.9
3752.0
1242.4
25.9
3680.7
1244.2
27.8
3554.3
1245.4
26.8
3464.7
1252.3
27.0
3460.1
1249.6
2
3
4
5
6
7
1131.7
2859.2
5653.5
1348.9
3071.6
5958.8
1615.1
3179.4
6268.0
1471.5
3281.2
6308.5
1097.3
3381.5
5610.4
1441.3
3245.8
6278.2
1471.5
3281.2
6308.5
1281.4
3302.1
6380.6
1320.7
3321.8
6417.5
1235.6
3445.2
6565.4
1097.3
3381.5
5610.4
5
6
7
8
9
10
11
12
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
29.2
1620.1
431.5
29.2
19.4
58.4
1806.2
413.3
23.3
11.1
31.7
1934.9
497.1
19.4
12.4
33.7
2102.5
465.8
17.3
12.7
43.5
2063.4
437.4
14.3
8.8
34.9
2144.7
472.2
19.2
14.4
33.7
2102.5
465.8
17.3
12.7
34.8
2137.7
483.7
16.4
15.3
32.1
2089.9
477.0
16.5
15.5
41.2
2055.2
442.2
15.7
15.4
43.5
2063.4
437.4
14.3
8.8
8
9
10
11
12
13
14
819.5
958.0
831.9
1019.3
870.1
1064.6
896.9
1116.2
902.7
1161.8
890.7
1112.0
896.9
1116.2
890.5
1134.3
896.4
1136.6
897.6
1149.2
902.7
1161.8
13
14
15
16
17
Government-sponsored enterprises
Finance companies
REITs
269.2
573.6
51.1
179.4
271.9
66.0
130.2
264.1
74.4
124.1
233.8
91.4
115.4
207.9
72.0
124.8
223.0
102.6
124.1
233.8
91.4
119.9
229.0
87.3
121.9
220.1
87.8
119.6
218.9
74.2
115.4
207.9
72.0
15
16
17
18
19
20
450.0
548.0
1420.3
483.0
522.0
1415.5
471.4
481.1
1394.4
470.9
833.8
1495.0
517.0
754.4
1516.1
470.4
787.4
1404.2
470.9
833.8
1495.0
495.9
899.1
1493.3
471.9
901.5
1523.3
486.1
909.0
1542.3
517.0
754.4
1516.1
18
19
20
28873.6
29904.8
31359.0
32851.6
32813.7
32406.7
32851.6
32971.3
33245.4
33443.2
32813.7
21
21
Total liabilities
2010
Total assets
22
23
24
Household sector
Nonfinancial corporate business
Nonfinancial noncorporate business
800.9
9555.5
2029.3
808.2
10127.0
2134.1
878.8
10558.6
2141.6
873.6
11338.8
2186.3
900.8
12215.4
2239.9
862.6
11069.1
2166.5
873.6
11338.8
2186.3
872.2
11481.7
2189.5
874.4
11642.7
2204.7
880.9
11885.3
2221.7
900.8
12215.4
2239.9
22
23
24
25
26
27
118.1
145.8
3925.9
95.6
141.4
4114.7
92.4
143.1
4396.5
87.0
142.0
4488.5
87.7
149.6
3822.9
89.9
141.9
4460.3
87.0
142.0
4488.5
87.3
142.7
4491.2
88.3
139.8
4478.3
87.9
143.6
4461.6
87.7
149.6
3822.9
25
26
27
28
29
30
31
32
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
75.9
1030.3
44.5
6.5
33.0
83.1
933.2
29.2
11.0
74.1
225.8
958.1
44.2
11.8
61.9
199.5
842.1
43.9
12.0
62.7
233.1
723.9
56.9
20.0
63.8
186.5
902.3
54.3
13.2
63.6
199.5
842.1
43.9
12.0
62.7
219.9
788.8
52.9
12.4
70.9
228.1
802.7
60.6
18.4
71.7
226.8
762.9
56.8
21.2
61.8
233.1
723.9
56.9
20.0
63.8
28
29
30
31
32
33
34
123.7
357.6
99.1
351.9
86.9
407.6
94.6
457.4
116.7
445.6
82.6
425.8
94.6
457.4
98.7
449.1
106.4
435.9
110.8
445.6
116.7
445.6
33
34
35
36
37
1472.9
1217.8
2674.8
1457.9
1451.1
2865.1
1557.7
1726.1
2954.8
1528.0
1582.8
3043.7
1312.1
1222.8
3132.3
1471.1
1552.2
3021.5
1528.0
1582.8
3043.7
1441.7
1393.1
3065.9
1436.8
1435.6
3088.0
1375.8
1356.2
3211.8
1312.1
1222.8
3132.3
35
36
37
38
39
26.9
14.9
23.5
2.9
22.7
5.7
28.8
-27.4
31.7
17.0
25.1
-45.3
28.8
-27.4
31.5
-16.2
31.9
-15.3
33.8
17.0
31.7
17.0
38
39
40
41
42
Government-sponsored enterprises
Finance companies
REITs
100.3
44.8
46.1
148.6
77.0
53.5
148.5
83.1
66.8
152.6
57.4
89.3
165.6
38.6
97.3
139.6
63.1
82.4
152.6
57.4
89.3
167.9
48.8
97.5
167.7
46.4
109.1
166.8
40.3
92.5
165.6
38.6
97.3
40
41
42
43
44
45
1141.0
3160.6
726.3
1025.3
3129.4
667.9
932.6
3165.9
687.6
857.4
4015.8
694.8
987.2
4025.4
707.3
949.2
3944.6
684.6
857.4
4015.8
694.8
949.8
4107.2
726.8
1020.4
4052.2
720.6
1003.3
4072.8
705.9
987.2
4025.4
707.3
43
44
45
-6797.3
-7236.6
-7735.8
-8876.9 -10173.1
-8491.8
-8876.9
-9019.0
-9367.5
-9486.2 -10173.1
46
46
Discrepancy
Levels
2009
110
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
4077.4
3245.1
261.7
123.7
28.9
186.9
231.0
4273.6
3402.9
280.1
99.1
46.3
206.0
239.3
4663.1
3795.6
274.3
86.9
56.9
215.5
234.0
5077.8
4136.4
302.6
94.6
70.6
227.6
245.9
5390.7
4399.6
312.5
116.7
68.7
234.6
258.7
4983.4
4095.5
275.7
82.6
58.6
227.3
243.6
5077.8
4136.4
302.6
94.6
70.6
227.6
245.9
5123.8
4170.2
304.6
98.7
71.0
229.6
249.5
5194.6
4234.4
301.9
106.4
70.6
229.5
251.8
5318.6
4341.3
308.4
110.8
70.2
232.6
255.4
5390.7
4399.6
312.5
116.7
68.7
234.6
258.7
1
2
3
4
5
6
7
1986.4
4.8
107.7
64.7
69.4
90.0
64.4
10.8
2398.2
2128.7
5.3
120.0
70.7
84.3
114.7
88.5
11.4
2623.6
2313.3
5.9
193.7
73.8
88.5
96.1
96.3
12.0
2879.5
2474.4
6.4
198.1
72.4
93.7
96.3
103.5
12.6
3057.3
2558.3
6.3
203.4
77.0
100.4
97.4
108.3
13.2
3164.3
2460.7
6.3
190.1
73.9
90.5
94.9
100.4
12.5
3029.3
2474.4
6.4
198.1
72.4
93.7
96.3
103.5
12.6
3057.3
2485.8
6.4
200.0
74.1
95.2
95.3
105.1
12.8
3074.6
2507.4
6.3
200.6
74.0
98.0
95.9
106.1
12.9
3101.3
2533.3
6.4
202.4
74.8
98.4
96.1
107.2
13.1
3131.6
2558.3
6.3
203.4
77.0
100.4
97.4
108.3
13.2
3164.3
8
9
10
11
12
13
14
15
16
50.0
50.0
52.3
52.3
54.9
54.9
57.3
57.3
61.2
61.2
57.2
57.2
57.3
57.3
57.3
57.3
59.4
59.4
59.4
59.4
61.2
61.2
17
18
25.6
25.6
26.5
26.5
26.9
26.9
27.4
27.4
27.5
27.5
27.4
27.4
27.4
27.4
27.6
27.6
27.5
27.5
27.4
27.4
27.5
27.5
19
20
Levels
19
20
21
51.8
49.0
43.1
41.2
41.7
41.3
41.2
40.4
40.6
40.5
41.7
21
22
23
24
25
26
27
0.5
6.3
0.0
39.7
2.4
2.9
0.6
6.7
0.0
36.7
2.2
2.9
0.5
7.0
0.0
30.6
2.9
2.1
0.6
7.2
0.0
28.4
2.9
2.2
0.6
7.8
0.0
27.9
3.1
2.3
0.6
7.1
0.0
28.5
2.9
2.1
0.6
7.2
0.0
28.4
2.9
2.2
0.6
7.1
0.0
27.6
3.0
2.1
0.6
7.4
0.0
27.6
3.0
2.1
0.6
7.6
0.0
27.0
3.0
2.3
0.6
7.8
0.0
27.9
3.1
2.3
22
23
24
25
26
27
1599.5
0.0
40.5
209.3
596.1
125.1
1632.8
0.0
62.7
115.0
626.6
135.6
1709.0
0.0
72.0
94.6
613.5
166.3
1889.2
22.4
17.2
94.1
1057.5
114.7
1944.4
14.7
10.7
93.5
1074.7
85.7
1871.3
25.3
97.5
86.9
943.7
154.0
1889.2
22.4
17.2
94.1
1057.5
114.7
1916.9
16.7
17.4
92.7
1036.4
137.2
1880.5
16.7
17.3
94.0
1054.3
100.7
1898.1
14.9
17.7
94.2
1014.1
127.3
1944.4
14.7
10.7
93.5
1074.7
85.7
28
29
30
31
32
33
34
2570.3
2572.7
2655.4
3195.1
3223.8
3178.7
3195.1
3217.2
3163.4
3166.3
3223.8
34
71.2
71.2
60.7
60.7
69.1
69.1
68.7
68.7
68.3
68.3
63.5
63.5
68.7
68.7
67.7
67.7
68.7
68.7
68.8
68.8
68.3
68.3
35
36
203.1
523.2
171.6
496.4
137.8
549.7
126.0
568.8
122.9
584.4
117.9
566.7
126.0
568.8
142.9
583.9
142.1
578.5
118.0
587.9
122.9
584.4
37
38
726.3
667.9
687.6
694.8
707.3
684.6
694.8
726.8
720.6
705.9
707.3
39
1.8
0.9
0.9
7.7
3.8
3.8
8.8
4.4
4.4
8.7
4.4
4.4
8.7
4.4
4.4
8.7
4.4
4.4
8.7
4.4
4.4
8.7
4.4
4.4
8.7
4.4
4.4
8.7
4.4
4.4
8.7
4.4
4.4
40
41
42
37
38
39
(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
111
2010
2011
2012
2013
2012
Q3
2013
Q4
Q1
Q2
Q3
Q4
10.9
0.7
10.3
0.8
0.8
0.1
100.5
0.7
99.8
9.5
0.7
8.9
0.9
0.6
0.3
13.3
0.7
12.6
9.5
0.7
8.9
8.6
0.5
8.1
2.3
0.6
1.7
1.1
0.6
0.5
0.9
0.6
0.3
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
15.9
15.9
14.4
14.4
12.6
12.6
13.7
13.7
11.1
11.1
12.5
12.5
13.7
13.7
13.4
13.4
12.0
12.0
10.5
10.5
11.1
11.1
6
7
22.1
22.1
24.7
24.7
24.3
24.3
24.9
24.9
27.0
27.0
28.4
28.4
24.9
24.9
25.9
25.9
27.8
27.8
26.8
26.8
27.0
27.0
8
9
6
7
8
9
273.6
192.4
39.2
42.0
290.7
209.4
39.7
41.6
305.5
225.0
37.9
42.6
303.7
222.6
38.3
42.8
305.7
223.8
38.4
43.6
306.4
223.5
38.8
44.1
303.7
222.6
38.3
42.8
302.3
220.6
38.6
43.1
302.0
220.6
38.2
43.2
305.6
223.8
38.2
43.5
305.7
223.8
38.4
43.6
10
11
12
13
14
273.6
290.7
305.5
303.7
305.7
306.4
303.7
302.3
302.0
305.6
305.7
14
Policy payables:
15
754.8
761.2
796.4
802.1
811.0
791.5
802.1
799.8
805.8
808.0
811.0
15
16
17
18
346.0
307.1
101.7
310.8
319.0
131.4
347.5
329.0
119.8
330.8
336.5
134.9
343.8
337.7
129.6
330.3
331.1
130.1
330.8
336.5
134.9
331.9
334.9
133.0
336.8
336.8
132.2
340.0
337.1
130.9
343.8
337.7
129.6
16
17
18
385.4
385.4
393.7
393.7
406.3
406.3
427.2
427.2
455.9
455.9
422.7
422.7
427.2
427.2
437.7
437.7
438.6
438.6
447.3
447.3
455.9
455.9
19
20
75.6
75.6
91.1
91.1
94.0
94.0
92.1
92.1
91.1
91.1
92.7
92.7
92.1
92.1
92.3
92.3
92.4
92.4
92.1
92.1
91.1
91.1
21
22
856.8
856.8
733.4
733.4
658.7
658.7
579.5
579.5
673.5
673.5
656.9
656.9
579.5
579.5
638.6
638.6
713.2
713.2
702.3
702.3
673.5
673.5
23
24
1077.2
1077.2
1142.9
1142.9
1213.7
1213.7
1254.1
1254.1
1352.3
1352.3
1223.3
1223.3
1254.1
1254.1
1265.5
1265.5
1178.4
1178.4
1161.5
1161.5
1352.3
1352.3
25
26
180.4
180.4
202.9
202.9
221.4
221.4
234.8
234.8
246.9
246.9
221.5
221.5
234.8
234.8
233.6
233.6
231.3
231.3
231.0
231.0
246.9
246.9
27
28
21
22
23
24
25
26
27
28
29
30
31
497.6
1131.7
1597.6
446.5
1348.9
1722.2
486.6
1615.1
1741.1
440.2
1471.5
1789.6
187.7
1097.3
1780.0
388.1
1441.3
1798.2
440.2
1471.5
1789.6
349.7
1281.4
1800.3
335.6
1320.7
1909.6
265.7
1235.6
2050.3
187.7
1097.3
1780.0
29
30
31
32
33
34
497.6
1131.7
1597.6
446.5
1348.9
1722.2
486.6
1615.1
1741.1
440.2
1471.5
1789.6
187.7
1097.3
1780.0
388.1
1441.3
1798.2
440.2
1471.5
1789.6
349.7
1281.4
1800.3
335.6
1320.7
1909.6
265.7
1235.6
2050.3
187.7
1097.3
1780.0
32
33
34
(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.
(3) Assets of the household sector.
Levels
112
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
5224.1
5160.6
4858.6
4303.5
2906.7
4444.1
4303.5
4359.0
4123.8
4091.9
2906.7
2
3
1383.1
1243.3
1298.7
1192.4
1163.9
1226.8
745.3
1236.1
623.0
1243.3
932.7
1240.1
745.3
1236.1
752.9
1237.8
618.9
1239.0
573.6
1245.9
623.0
1243.3
2
3
4
5
Federal government
Rest of the world
4.0
1390.2
3.6
1496.5
3.2
1283.2
2.8
1049.2
2.3
71.9
2.9
1070.4
2.8
1049.2
2.6
1053.8
2.5
1060.5
2.4
1059.0
2.3
71.9
4
5
6
7
8
9
10
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
3.6
20.6
120.4
29.2
19.4
31.9
173.3
121.4
23.3
11.1
4.8
225.9
165.3
19.4
12.4
6.3
213.3
141.4
17.3
12.7
16.0
119.0
110.8
14.3
8.8
7.5
273.4
163.8
19.2
14.4
6.3
213.3
141.4
17.3
12.7
7.2
220.8
140.4
16.4
15.3
4.6
209.3
134.1
16.5
15.5
13.7
157.1
121.5
15.7
15.4
16.0
119.0
110.8
14.3
8.8
6
7
8
9
10
11
12
13
14
189.1
201.6
203.1
51.1
187.9
115.9
-18.4
66.0
192.3
74.5
4.3
74.4
274.4
69.2
-25.3
91.4
289.1
62.6
-51.2
72.0
194.9
71.1
-22.3
102.6
274.4
69.2
-25.3
91.4
281.8
66.2
-26.8
87.3
280.8
69.3
-38.5
87.8
280.3
68.7
-40.1
74.2
289.1
62.6
-51.2
72.0
11
12
13
14
15
16
17
-733.7
548.0
550.9
-728.3
522.0
663.0
-788.1
481.1
714.9
-1258.9
833.8
894.1
-1250.4
754.4
820.6
-1140.4
787.4
726.2
-1258.9
833.8
894.1
-1229.4
899.1
833.2
-1267.0
901.5
788.5
-1223.0
909.0
818.3
-1250.4
754.4
820.6
15
16
17
12021.4
12397.3
12594.4
13180.4
13079.8
12935.9
13180.4
13378.0
13491.3
13578.1
13079.8
18
5931.6
1921.3
6343.8
1996.0
6364.4
2014.8
6796.6
2044.3
7409.2
2102.6
6578.5
2029.4
6796.6
2044.3
6908.2
2049.4
7002.4
2065.2
7137.6
2083.1
7409.2
2102.6
19
20
118.1
94.3
95.6
84.5
92.4
83.2
87.0
79.8
87.7
83.4
89.9
79.6
87.0
79.8
87.3
80.5
88.3
75.5
87.9
79.3
87.7
83.4
21
22
18
Levels
Total liabilities
2010
Total assets
19
20
21
22
23
1527.7
1491.1
1517.0
1431.1
658.6
1431.0
1431.1
1416.5
1377.0
1330.0
658.6
23
24
25
26
27
28
Monetary authority
U.S.-chartered depository institutions
Foreign banking offices in U.S.
Banks in U.S.-affiliated areas
Credit unions
65.6
687.4
44.5
6.5
30.6
83.0
575.5
29.2
11.0
71.9
126.0
613.7
44.2
11.8
59.1
190.6
470.0
43.9
12.0
59.8
232.8
344.8
56.9
20.0
60.7
174.0
558.1
54.3
13.2
60.6
190.6
470.0
43.9
12.0
59.8
211.9
415.6
52.9
12.4
67.9
226.5
433.7
60.6
18.4
68.7
226.3
389.6
56.8
21.2
58.8
232.8
344.8
56.9
20.0
60.7
24
25
26
27
28
29
30
31
303.7
514.4
86.1
278.0
526.7
102.2
324.3
570.8
111.0
359.7
568.6
111.3
347.7
577.5
125.5
336.5
567.6
110.9
359.7
568.6
111.3
350.1
562.0
111.7
335.5
570.2
114.9
346.2
570.7
120.6
347.7
577.5
125.5
29
30
31
32
33
Mutual funds
Money market mutual funds
14.9
26.9
2.9
23.5
5.7
22.7
-27.4
28.8
17.0
31.7
-45.3
25.1
-27.4
28.8
-16.2
31.5
-15.3
31.9
17.0
33.8
17.0
31.7
32
33
34
35
36
Government-sponsored enterprises
Finance companies
REITs
100.3
-142.1
46.1
148.6
-129.0
53.5
148.5
-132.4
66.8
152.6
-170.2
89.3
165.6
-195.9
97.3
139.6
-164.2
82.4
152.6
-170.2
89.3
167.9
-180.9
97.5
167.7
-183.1
109.1
166.8
-192.2
92.5
165.6
-195.9
97.3
34
35
36
37
38
53.2
590.3
52.6
556.7
39.9
510.4
31.9
820.7
55.0
801.7
48.7
765.9
31.9
820.7
61.7
890.0
55.4
888.8
45.6
906.5
55.0
801.7
37
38
-6797.3
-7236.6
-7735.8
-8876.9 -10173.1
-8491.8
-8876.9
-9019.0
-9367.5
-9486.2 -10173.1
39
39
Discrepancy
113
1
2
3
4
5
6
7
8
9
Assets
Nonfinancial assets
Real estate
Households (2,3)
Nonprofit organizations
Equipment (nonprofits) (4)
Intellectual property products (nonprofits) (4)
Consumer durable goods (4)
Financial assets
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
72972.2
77129.5
78331.9
84460.8
94419.3
83001.2
84460.8
87630.7
88995.4
91398.6
94419.3
23664.2
23318.7
23264.0
25003.8
27470.7
24534.3
25003.8
25794.2
26408.0
26974.0
27470.7
18686.6
16907.1
1779.5
279.5
110.0
4588.1
18326.3
16342.7
1983.6
290.6
115.0
4586.7
18109.4
15937.8
2171.6
304.6
123.6
4726.4
19708.3
17391.0
2317.3
315.1
132.4
4848.0
21996.4
19397.8
2598.6
323.5
140.0
5010.8
19270.9
16984.6
2286.3
312.2
131.1
4820.1
19708.3
17391.0
2317.3
315.1
132.4
4848.0
20444.4
18087.5
2356.9
317.2
134.6
4897.9
21015.3
18556.1
2459.2
319.2
136.2
4937.4
21540.6
18996.7
2543.9
321.5
138.1
4973.8
21996.4
19397.8
2598.6
323.5
140.0
5010.8
3
4
5
6
7
8
49308.0
53810.9
55067.9
59457.0
66948.5
58466.9
59457.0
61836.6
62587.4
64424.6
66948.5
10
11
12
13
14
Deposits
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
8094.8
50.2
400.6
6330.8
1313.2
8060.5
49.7
425.2
6455.9
1129.7
8738.5
46.9
754.0
6827.7
1109.9
9201.1
45.1
826.4
7203.3
1126.3
9447.6
50.8
908.2
7388.5
1100.1
8854.1
46.4
704.5
7042.3
1060.9
9201.1
45.1
826.4
7203.3
1126.3
9205.0
46.5
828.4
7253.7
1076.4
9133.1
51.3
798.5
7264.6
1018.8
9252.3
50.2
793.8
7348.3
1060.1
9447.6
50.8
908.2
7388.5
1100.1
10
11
12
13
14
15
16
17
18
19
20
21
22
23
5604.1
22.7
858.8
359.3
1828.0
2311.8
26.8
108.0
88.8
5874.3
21.1
1131.8
355.6
1871.8
2293.8
26.2
95.6
78.4
5489.9
19.4
719.3
323.1
1806.9
2427.3
23.4
96.0
74.5
5640.7
19.0
961.9
194.7
1654.8
2640.9
20.9
81.5
67.1
5652.1
17.0
944.3
121.4
1617.2
2793.1
25.3
72.2
61.7
5547.5
19.1
891.0
209.5
1709.9
2542.5
23.1
84.7
67.5
5640.7
19.0
961.9
194.7
1654.8
2640.9
20.9
81.5
67.1
5598.9
20.0
986.0
156.1
1669.7
2600.2
22.7
79.1
65.0
5670.3
19.8
1048.9
159.1
1672.3
2605.8
24.0
76.6
63.8
5655.5
19.5
1006.4
157.0
1646.6
2664.7
24.5
74.2
62.6
5652.1
17.0
944.3
121.4
1617.2
2793.1
25.3
72.2
61.7
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
7491.9
4115.8
668.6
1109.2
15206.0
6216.7
800.9
8996.7
4594.0
694.3
1137.2
16745.7
6900.0
808.2
9049.9
4449.2
752.4
1203.6
17120.8
7384.9
878.8
10337.7
5279.4
776.0
1186.1
18088.8
8073.5
873.6
13864.8
6692.1
833.8
1232.1
19600.7
8724.5
900.8
10269.3
5124.1
780.2
1180.6
17948.8
7899.8
862.6
10337.7
5279.4
776.0
1186.1
18088.8
8073.5
873.6
11632.5
5755.2
782.6
1194.6
18563.3
8232.4
872.2
11779.5
5946.7
820.3
1200.4
18738.6
8424.0
874.4
12546.7
6343.0
826.5
1217.7
19101.5
8600.4
880.9
13864.8
6692.1
833.8
1232.1
19600.7
8724.5
900.8
24
25
26
27
28
29
30
31
Liabilities
32
33
34
35
36
37
38
39
40
41
Security credit
Trade payables (10)
Deferred and unpaid life insurance premiums
42
43
44
45
46
47
Net worth
Memo:
Replacement-cost value of structures:
Residential
Households
Nonprofit organizations
Nonresidential (nonprofits)
14052.0
13775.4
13568.7
13597.9
13755.6
13476.4
13597.9
13542.8
13561.7
13688.5
13755.6
31
13574.2
10417.3
2553.5
265.4
10.2
133.7
194.1
13198.3
9907.2
2648.1
263.2
61.0
136.1
182.7
13017.3
9678.1
2757.0
255.5
12.4
138.1
176.3
12979.6
9435.2
2924.3
241.0
66.3
139.3
173.5
13105.1
9371.6
3098.6
227.8
88.0
141.3
177.7
12888.3
9449.5
2859.4
245.6
23.1
138.3
172.6
12979.6
9435.2
2924.3
241.0
66.3
139.3
173.5
12920.9
9387.5
2924.4
239.4
57.3
139.4
172.9
12945.6
9360.7
2967.7
235.7
66.7
140.7
174.0
13062.3
9382.4
3038.8
232.4
91.9
140.8
176.0
13105.1
9371.6
3098.6
227.8
88.0
141.3
177.7
32
33
34
35
36
37
38
203.0
252.7
22.1
278.2
274.1
24.7
238.9
288.2
24.3
303.7
289.7
24.9
339.2
284.3
27.0
269.1
290.5
28.4
303.7
289.7
24.9
307.9
288.1
25.9
302.6
285.7
27.8
313.7
285.6
26.8
339.2
284.3
27.0
39
40
41
58920.2
63354.2
64763.3
70862.8
80663.7
69524.8
70862.8
74087.9
75433.7
77710.1
80663.7
42
12680.7
12479.0
201.7
1487.7
12730.1
12526.6
203.5
1500.8
12846.1
12640.3
205.8
1554.1
13218.9
13010.0
208.9
1600.3
14172.6
13948.6
224.0
1683.4
13068.5
12861.5
207.0
1590.7
13218.9
13010.0
208.9
1600.3
13451.5
13238.9
212.6
1619.6
13654.4
13438.6
215.8
1644.1
13863.9
13644.8
219.1
1661.1
14172.6
13948.6
224.0
1683.4
43
44
45
46
10937.2
11243.7
11787.4
12245.8
12475.9
12205.1
12520.4
12296.9
12417.4
12567.7
12621.5
47
538.7
563.5
549.4
578.7
646.6
569.6
566.0
602.5
607.5
618.3
639.1
48
6489.7
6435.5
6259.7
7955.8
10026.2
7535.1
7955.8
8700.0
9195.4
9614.3
10026.2
49
38.4
39.4
39.3
45.7
51.7
44.4
45.7
48.1
49.6
50.6
51.7
50
(1) Sector includes domestic hedge funds, private equity funds, and personal trusts.
(2) At market value.
(3) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land.
(4) At replacement (current) cost.
(5) Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.
(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.
(7) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes social security.
(8) Net worth of nonfinancial noncorporate business (table B.103, line 33) and owners equity in unincorporated security brokers and dealers.
(9) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 23.
(10) Liabilities of nonprofit organizations.
(11) Line 4 less line 33.
(12) Line 49 divided by line 4.
Balance Sheets
2009
114
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
Balance Sheets
22
Assets
Nonfinancial assets
Real estate (1)
Equipment (2)
Intellectual property products (2)
Inventories (2)
Financial assets
Foreign deposits
Checkable deposits and currency
Time and savings deposits
Money market fund shares
Security repurchase agreements
Commercial paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Mortgages
Consumer credit
Trade receivables
Mutual fund shares (1)
Miscellaneous assets
Liabilities
27215.4
29012.7
30596.8
32446.8
34994.9
32058.2
32446.8
32908.8
33605.5
34360.4
34994.9
13881.6
14979.0
16073.7
16945.9
18263.5
16781.2
16945.9
17143.2
17578.9
17979.6
18263.5
6777.3
3826.9
1572.1
1705.3
7578.4
3887.7
1639.3
1873.6
8318.9
4023.7
1719.8
2011.2
8880.3
4146.9
1819.1
2099.6
9955.4
4243.6
1902.6
2161.8
8770.0
4115.2
1806.1
2089.8
8880.3
4146.9
1819.1
2099.6
9016.3
4169.7
1842.1
2115.1
9414.8
4191.0
1858.2
2114.9
9743.5
4218.6
1880.1
2137.4
9955.4
4243.6
1902.6
2161.8
3
4
5
6
13333.8
14033.7
14523.2
15500.8
16731.5
15277.1
15500.8
15765.6
16026.6
16380.8
16731.5
31.5
155.0
488.8
655.5
7.9
56.0
43.0
14.3
27.1
29.5
53.8
2053.9
162.0
9555.5
40.6
234.6
548.7
497.8
12.1
68.0
48.0
16.0
23.9
28.0
46.2
2155.8
186.8
10127.0
34.8
264.3
561.9
462.4
12.6
67.9
43.0
14.3
22.3
27.4
48.5
2239.2
165.9
10558.6
13.4
357.0
586.6
458.3
10.3
60.3
50.2
11.7
34.4
26.9
48.5
2322.7
181.7
11338.8
56.5
464.1
661.6
455.4
9.2
40.2
51.8
7.3
26.6
26.3
43.1
2462.7
211.5
12215.4
9.4
343.4
576.9
437.9
11.2
60.4
56.0
16.2
28.3
27.0
47.8
2414.0
179.6
11069.1
13.4
357.0
586.6
458.3
10.3
60.3
50.2
11.7
34.4
26.9
48.5
2322.7
181.7
11338.8
28.9
396.7
594.9
444.2
9.9
56.9
41.6
3.9
20.7
26.7
42.0
2426.5
190.9
11481.7
60.2
380.5
610.3
432.0
9.3
50.9
48.4
6.1
21.0
26.6
42.0
2504.0
192.7
11642.7
63.4
412.7
646.3
450.3
13.2
42.6
48.6
6.2
21.0
26.5
42.6
2520.6
201.6
11885.3
56.5
464.1
661.6
455.4
9.2
40.2
51.8
7.3
26.6
26.3
43.1
2462.7
211.5
12215.4
8
9
10
11
12
13
14
15
16
17
18
19
20
21
12904.6
13227.9
13879.6
14386.3
14960.9
14251.4
14386.3
14495.7
14605.7
14778.0
14960.9
22
23
24
25
26
27
28
29
7336.0
58.4
452.2
4366.2
546.0
1139.1
774.0
7473.5
82.9
485.4
4804.8
480.9
948.3
671.2
7998.4
116.3
493.9
5215.6
549.8
1008.5
614.4
8685.9
130.3
509.1
5795.2
609.5
1036.9
604.8
9441.5
143.1
518.5
6435.5
654.1
1057.9
632.4
8440.9
136.0
504.1
5599.7
574.7
1028.1
598.3
8685.9
130.3
509.1
5795.2
609.5
1036.9
604.8
8832.5
140.1
510.4
5940.0
605.4
1037.1
599.4
9052.6
147.2
515.0
6082.7
621.8
1076.4
609.4
9263.9
171.1
516.4
6269.0
627.8
1066.6
613.0
9441.5
143.1
518.5
6435.5
654.1
1057.9
632.4
23
24
25
26
27
28
29
30
31
32
Trade payables
Taxes payable
Miscellaneous liabilities
1590.2
35.7
3942.7
1746.5
42.9
3965.0
1771.7
51.7
4057.8
1890.1
58.3
3752.0
2018.2
41.0
3460.1
1875.2
61.2
3874.2
1890.1
58.3
3752.0
1917.4
65.0
3680.7
1946.5
52.3
3554.3
1994.7
54.7
3464.7
2018.2
41.0
3460.1
30
31
32
33
14310.8
15784.8
16717.2
18060.5
20034.0
17806.8
18060.5
18413.2
18999.9
19582.5
20034.0
33
163.5
6882.9
12512.2
51.3
58.6
87.4
166.3
7114.3
14371.6
47.3
52.0
91.0
168.4
7456.1
14500.8
47.8
55.2
86.7
169.1
7655.8
16107.0
48.1
53.9
89.2
180.9
8043.3
21363.1
47.1
44.2
106.6
168.0
7605.2
16366.8
47.4
51.6
91.9
169.1
7655.8
16107.0
48.1
53.9
89.2
172.0
7744.0
18149.1
48.0
48.7
98.6
174.5
7858.4
18383.0
47.6
49.2
96.8
177.0
7938.3
19569.1
47.3
47.3
99.9
180.9
8043.3
21363.1
47.1
44.2
106.6
34
35
36
37
38
39
23980.1
25015.2
25965.1
27441.2
29177.0
27120.3
27441.2
27854.9
28209.4
28715.0
29177.0
40
34
35
36
37
38
39
Memo:
Replacement-cost value of structures:
Residential
Nonresidential
Market value of equities outstanding
Debt/net worth (percent) (5)
Debt/equities (percent) (6)
Equities/net worth (percent) (7)
With nonfinancial assets stated at historical cost:
40
Assets (8)
41
42
43
44
45
Nonfinancial assets
Real estate
Equipment
Intellectual property products
Inventories
10646.4
4209.8
3463.8
1480.1
1492.7
10981.5
4379.6
3502.6
1539.7
1559.5
11441.9
4542.0
3608.6
1609.9
1681.4
11940.3
4731.1
3748.7
1685.0
1775.5
12445.5
4940.3
3894.2
1764.1
1847.0
11843.2
4677.4
3711.9
1665.6
1788.4
11940.3
4731.1
3748.7
1685.0
1775.5
12089.3
4775.0
3785.1
1704.8
1824.4
12182.8
4818.7
3821.3
1723.5
1819.3
12334.2
4879.3
3856.4
1743.2
1855.2
12445.5
4940.3
3894.2
1764.1
1847.0
41
42
43
44
45
46
11075.6
11787.3
12085.5
13054.9
14216.1
12868.9
13054.9
13359.2
13603.7
13937.0
14216.1
46
80.7
3682.7
66.2
81.6
3811.2
63.4
82.6
3953.7
66.2
84.2
4130.5
66.5
86.5
4318.4
66.4
83.7
4083.0
65.6
84.2
4130.5
66.5
84.7
4173.0
66.1
85.3
4219.3
66.5
85.9
4268.6
66.5
86.5
4318.4
66.4
47
48
49
Memo:
Historical-cost value of structures:
47
Residential
48
Nonresidential
49 Debt/net worth (percent) (10)
115
2011
2012
2013
2012
Q3
Q1
Q2
Q3
Q4
11931.9
12554.9
13108.8
13881.4
14684.1
13669.8
13881.4
14045.5
14281.9
14513.2
14684.1
Nonfinancial assets
8355.8
8827.2
9364.3
10062.0
10769.3
9884.1
10062.0
10220.1
10429.4
10630.6
10769.3
3
4
5
7301.0
4269.3
3031.8
7720.8
4409.1
3311.7
8195.2
4583.2
3612.0
8858.5
4966.2
3892.4
9696.6
5471.2
4225.4
8681.5
4854.5
3827.0
8858.5
4966.2
3892.4
9045.9
5104.3
3941.6
9282.3
5220.8
4061.4
9514.3
5355.4
4158.9
9696.6
5471.2
4225.4
3
4
5
6
7
8
Equipment (2)
Residential (3)
Nonresidential
657.1
44.0
613.1
667.4
42.2
625.2
693.7
43.7
650.0
712.9
44.1
668.8
622.2
42.9
579.3
711.2
44.0
667.2
712.9
44.1
668.8
693.0
44.1
648.9
670.7
43.5
627.2
649.4
43.1
606.3
622.2
42.9
579.3
6
7
8
175.8
221.9
183.0
256.0
191.0
284.4
201.8
288.8
153.2
297.2
202.3
289.1
201.8
288.8
191.1
290.1
180.6
295.8
168.6
298.4
153.2
297.2
9
10
3576.1
3727.8
3744.5
3819.4
3914.9
3785.7
3819.4
3825.4
3852.5
3882.5
3914.9
11
534.3
353.3
73.7
531.5
356.2
76.8
529.1
360.1
77.7
543.9
365.3
78.8
555.2
375.6
81.0
538.1
362.6
78.2
543.9
365.3
78.8
544.3
366.1
79.0
547.5
369.0
79.6
551.2
372.2
80.3
555.2
375.6
81.0
12
13
14
89.1
95.8
96.8
98.2
100.9
97.5
98.2
98.4
99.2
100.0
100.9
15
46.1
5.1
37.9
0.0
48.1
5.6
42.1
0.0
48.6
5.7
42.5
0.0
49.3
5.8
43.1
0.0
50.7
5.9
44.3
0.0
48.9
5.7
42.8
0.0
49.3
5.8
43.1
0.0
49.4
5.8
43.2
0.0
49.8
5.8
43.6
0.0
50.2
5.9
43.9
0.0
50.7
5.9
44.3
0.0
16
17
18
19
496.3
2029.3
101.7
6.3
1921.3
533.4
2134.1
131.4
6.7
1996.0
539.2
2141.6
119.8
7.0
2014.8
546.9
2186.3
134.9
7.2
2044.3
562.3
2239.9
129.6
7.8
2102.6
542.8
2166.5
130.1
7.1
2029.4
546.9
2186.3
134.9
7.2
2044.3
548.1
2189.5
133.0
7.1
2049.4
552.5
2204.7
132.2
7.4
2065.2
557.2
2221.7
130.9
7.6
2083.1
562.3
2239.9
129.6
7.8
2102.6
20
21
22
23
24
5730.0
5670.9
5737.0
5826.5
5978.8
5789.0
5826.5
5832.4
5877.2
5930.4
5978.8
25
3984.5
3946.3
3968.5
4047.4
4180.3
4008.5
4047.4
4047.1
4087.7
4130.4
4180.3
26
944.0
172.0
2868.5
923.7
170.6
2852.0
980.4
171.2
2816.8
1070.6
180.6
2796.2
1120.5
187.1
2872.7
1047.8
176.9
2783.8
1070.6
180.6
2796.2
1075.4
180.1
2791.6
1093.5
180.6
2813.5
1105.7
181.6
2843.1
1120.5
187.1
2872.7
27
28
29
397.4
99.9
1248.1
427.7
99.2
1197.7
435.5
100.3
1232.7
434.8
101.9
1242.4
444.1
104.9
1249.6
433.0
101.0
1246.4
434.8
101.9
1242.4
439.0
102.1
1244.2
441.2
103.0
1245.4
443.8
103.9
1252.3
444.1
104.9
1249.6
30
31
32
6201.9
6884.0
7371.8
8055.0
8705.3
7880.8
8055.0
8213.2
8404.6
8582.7
8705.3
33
2815.4
1586.0
2839.6
1595.4
2861.5
1646.2
2875.3
1682.6
3062.3
1841.6
2862.1
1678.5
2875.3
1682.6
2920.4
1724.6
2959.1
1768.7
2999.7
1802.0
3062.3
1841.6
34
35
64.2
57.3
53.8
50.2
48.0
50.9
50.2
49.3
48.6
48.1
48.0
36
9
10
11
Assets
2013
Q4
Financial assets
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Treasury securities
Municipal securities
Mortgages
Consumer credit
Trade receivables
Miscellaneous assets
Insurance receivables
Equity investment in GSEs (4)
Other
Liabilities
Credit market instruments
Depository institution loans n.e.c.
Other loans and advances
Mortgages
Trade payables
Taxes payable
Miscellaneous liabilities
Net worth (5)
Memo:
34
35
36
Balance Sheets
2009
116
1
2
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
1740.5
4434.0
1409.1
6099.6
9800.9
2258.6
1338.1
3225.1
1345.8
2276.4
2953.6
936.0
1273.6
1525.5
1236.9
1166.4
247.3
402.0
501.2
162.5
169.2
333.5
3
4
5
105.4
1429.3
1323.8
130.3
1448.9
1318.6
167.3
1509.6
1342.2
240.2
1613.2
1373.0
336.4
1734.1
1397.7
59.9
404.7
344.8
68.4
415.8
347.4
79.8
423.1
343.3
83.6
431.1
347.5
89.0
440.5
351.4
84.0
439.4
355.4
3
4
5
6
7
8
830.6
648.7
-181.8
1143.4
892.9
-250.5
1358.2
1146.1
-212.1
996.7
1090.7
94.0
829.9
976.5
146.6
187.4
176.0
-11.4
333.6
457.4
123.8
421.4
366.2
-55.1
78.9
97.7
18.9
80.2
195.9
115.7
249.5
316.6
67.1
6
7
8
432.9
2526.3
95.3
4673.3
8444.1
1852.3
915.0
2710.2
1043.2
2084.5
2606.2
-1195.1
1570.4
471.1
-1183.8
34.8
735.9
-0.3
-383.7
1691.6
250.5
492.2
21.7
455.0
-1.0
-241.8
191.3
-273.3
538.1
-7.4
-111.4
-0.2
1558.7
1612.8
346.7
701.0
18.9
435.3
-0.1
2186.0
3850.8
689.8
658.7
39.4
1019.5
0.0
404.8
817.6
134.5
284.2
8.1
203.1
0.0
438.5
215.0
88.3
189.6
-0.4
-16.1
0.0
714.0
1295.7
164.5
149.8
13.5
372.8
0.0
544.5
217.0
16.1
196.5
1.3
67.7
0.0
496.7
914.5
251.2
188.9
6.9
226.3
0.0
430.8
1423.5
258.1
123.6
17.7
352.6
0.0
10
11
12
13
14
15
16
9
10
11
12
13
14
15
16
17
18
19
20
21
-41.0
-85.4
22.2
-35.0
-50.8
-17.2
-15.4
-2.7
-13.9
-18.0
-16.2
17
-40.8
-0.5
0.3
-88.3
1.4
1.5
17.9
2.0
2.3
-38.8
0.6
3.2
-53.3
-0.0
2.5
-18.1
0.3
0.6
-16.1
0.7
0.1
-3.2
-0.3
0.8
-14.2
-0.2
0.4
-19.0
0.4
0.6
-17.0
0.0
0.7
18
19
20
412.5
719.3
-233.9
224.4
241.2
176.2
36.5
16.4
154.0
40.7
30.1
21
58920.2
10937.2
63354.2
11243.7
64763.3
11787.4
70862.8
12245.8
80663.7
12475.9
69524.8
12205.1
70862.8
12520.4
74087.9
12296.9
75433.7
12417.4
77710.1
12567.7
80663.7
12621.5
22
23
Memo:
Balance Sheets
22
23
(1) Sum of net investment (line 2), holding gains (lines 9 and 17), and other volume changes (line 21).
(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.
(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.
(4) Table B.100, line 42.
117
1
2
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
-2004.0
1474.0
932.4
1343.3
1973.5
554.4
253.7
352.7
586.7
582.6
451.6
401.0
55.6
-613.6
164.0
216.1
41.1
51.5
41.8
54.1
75.3
44.9
3
4
5
6
-87.8
1009.3
1090.4
6.7
187.6
1238.9
1092.4
-41.0
258.9
1337.2
1134.4
-56.0
327.6
1504.1
1186.6
-10.0
335.1
1575.6
1236.7
3.7
89.1
382.0
298.3
-5.5
75.1
373.8
300.8
-2.1
72.8
374.1
304.6
-3.3
76.2
386.5
308.1
2.2
91.5
402.4
310.4
0.4
94.7
412.7
313.7
4.3
3
4
5
6
7
8
9
551.0
302.4
-248.5
145.5
633.2
487.8
-400.3
494.1
894.4
235.9
910.4
674.5
264.7
1045.8
781.1
50.8
237.1
186.3
77.3
227.8
150.5
33.0
202.4
169.4
83.3
247.6
164.3
96.2
316.4
220.2
52.1
279.5
227.4
7
8
9
-62.1
-277.4
-472.2
-399.5
-383.7
-98.8
-100.9
-64.0
-105.4
-112.5
-101.9
10
10
11
-2624.4
755.4
685.8
499.8
998.6
319.0
89.5
127.7
379.6
304.3
186.9
11
12
13
Real estate
Mutual fund shares
-2644.8
20.4
741.8
13.6
693.9
-8.1
484.6
15.1
969.5
29.1
312.8
6.2
87.5
2.0
118.7
9.1
378.0
1.6
295.6
8.7
177.2
9.7
12
13
165.6
3.4
135.8
52.8
-0.2
78.9
5.7
-25.3
-30.5
50.0
5.6
14
-10.1
3.0
39.9
48.4
22.2
63.6
62.2
27.6
42.5
21.1
45.2
7.4
-8.2
27.4
-8.2
6.1
8.8
19.7
6.7
-0.8
1.8
-3.6
8.8
4.0
-4.8
3.0
-9.2
2.7
8.0
-3.7
-2.5
7.5
0.6
15
16
17
-35.7
-168.5
-145.6
-14.8
-7.1
-10.7
-24.9
-4.0
-60.2
-49.1
54.3
10.1
-26.1
-24.1
-47.8
-13.3
-34.1
-14.6
21.7
-21.3
0.0
0.0
18
19
53.8
659.6
724.4
626.7
759.1
115.5
107.0
208.4
183.5
153.0
214.1
20
14310.8
15784.8
16717.2
18060.5
20034.0
17806.8
18060.5
18413.2
18999.9
19582.5
20034.0
21
14
15
16
17
18
19
20
(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 20).
(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.
(3) Before inventory valuation adjustment.
(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.
(5) Table B.102, line 33.
Balance Sheets
Memo:
21
118
Net investment
4
5
6
7
8
9
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
-1257.8
682.1
487.7
683.2
650.4
280.1
174.2
158.2
191.5
178.1
122.6
-6.0
-7.8
-1.6
-4.9
0.0
-0.0
-4.9
0.0
0.0
0.0
0.0
-64.4
194.0
-49.9
-5.4
-5.5
-2.4
-1.1
10.4
-5.2
-8.4
-2.2
-12.8
240.2
253.0
-10.8
241.0
251.8
-0.9
255.8
256.8
9.3
273.8
264.5
51.4
326.8
275.4
0.3
66.7
66.4
2.7
69.7
66.9
10.3
78.0
67.7
12.5
80.9
68.4
14.8
84.0
69.2
13.8
83.9
70.1
4
5
6
18.8
-117.0
-135.8
18.6
151.7
133.1
2.5
16.7
14.2
-4.3
74.9
79.3
-51.4
95.5
146.9
-0.3
15.7
16.0
2.2
33.7
31.5
-10.3
6.0
16.3
-12.5
27.1
39.6
-14.8
30.0
44.8
-13.8
32.4
46.1
7
8
9
10
-70.4
186.2
-51.5
-10.3
-5.5
-2.4
-6.0
10.4
-5.2
-8.4
-2.2
10
11
-1187.5
437.5
487.7
670.8
828.8
270.3
184.1
187.0
234.3
228.7
178.8
11
-477.7
-709.8
156.8
280.7
188.7
299.0
397.8
273.0
501.9
327.0
149.5
120.8
120.3
63.7
138.6
48.4
116.0
118.3
133.1
95.6
114.1
64.7
12
13
-4.9
46.8
50.4
26.2
-173.0
12.2
-0.3
-39.2
-37.6
-42.2
-54.0
14
-2.7
6.1
0.2
-8.6
-2.3
10.9
2.0
36.2
1.3
15.6
2.4
31.1
1.0
11.2
4.6
9.3
0.2
-94.9
-53.1
-25.2
-0.2
4.8
0.8
6.8
0.3
-0.5
-2.3
2.2
0.4
-21.4
-12.0
-6.2
-0.2
-23.3
-11.7
-2.4
-0.2
-21.9
-13.0
-7.1
0.3
-28.4
-16.3
-9.6
15
16
17
18
5.0
11.6
1.2
-3.6
0.0
0.0
-3.6
0.0
0.0
0.0
0.0
19
6201.9
6884.0
7371.8
8055.0
8705.3
7880.8
8055.0
8213.2
8404.6
8582.7
8705.3
20
12
13
14
15
16
17
18
19
Residential
Nonresidential
Holding gains on assets at current cost (3)
Residential equipment
Nonresidential equipment
Intellectual property products
Inventories
Other volume changes (4)
Memo:
Balance Sheets
20
(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 19).
(2) Shown on table F.103, line 30.
(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.
(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.
(5) Table B.103, line 33.
119
B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2009
Assets
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
72972.2
77129.5
78331.9
84460.8
94419.3
83001.2
84460.8
87630.7
88995.4
91398.6
94419.3
Nonfinancial assets
23664.2
23318.7
23264.0
25003.8
27470.7
24534.3
25003.8
25794.2
26408.0
26974.0
27470.7
Financial assets
49308.0
53810.9
55067.9
59457.0
66948.5
58466.9
59457.0
61836.6
62587.4
64424.6
66948.5
8094.8
5604.1
8060.5
5874.3
8738.5
5489.9
9201.1
5640.7
9447.6
5652.1
8854.1
5547.5
9201.1
5640.7
9205.0
5598.9
9133.1
5670.3
9252.3
5655.5
9447.6
5652.1
4
5
13084.2
15454.0
15097.7
17223.8
22844.5
17104.4
17223.8
19211.0
19582.2
20915.1
22844.5
4
5
Deposits
Credit market instruments
Directly held
7491.9
8996.7
9049.9
10337.7
13864.8
10269.3
10337.7
11632.5
11779.5
12546.7
13864.8
Indirectly held
5592.4
6457.3
6047.8
6886.1
8979.7
6835.0
6886.1
7578.6
7802.7
8368.5
8979.7
1220.3
1795.4
116.8
2459.9
1420.5
2116.7
140.9
2779.1
1395.7
2015.2
134.4
2502.6
1556.5
2289.7
148.1
2891.8
1855.1
2963.7
207.7
3953.2
1555.7
2299.0
153.3
2827.1
1556.5
2289.7
148.1
2891.8
1671.1
2538.3
167.8
3201.4
1696.4
2616.1
173.8
3316.3
1760.6
2789.7
185.0
3633.2
1855.1
2963.7
207.7
3953.2
9
10
11
12
9
10
11
12
13
Other
22524.8
24422.1
25741.9
27391.4
29004.3
26961.0
27391.4
27821.7
28201.8
28601.6
29004.3
13
14
Liabilities
14052.0
13775.4
13568.7
13597.9
13755.6
13476.4
13597.9
13542.8
13561.7
13688.5
13755.6
14
15
Net worth
58920.2
63354.2
64763.3
70862.8
80663.7
69524.8
70862.8
74087.9
75433.7
77710.1
80663.7
15
17.9
26.5
20.0
28.7
19.3
27.4
20.4
29.0
24.2
34.1
20.6
29.3
20.4
29.0
21.9
31.1
22.0
31.3
22.9
32.5
24.2
34.1
16
17
Memo:
16
17
Supplements
(1) Estimates of equity shares (lines 7 through 12) could differ from other sources owing to alternative definitions of ownership of equity by households.
Prior to 1985, all pension assets are assumed to have been in defined benefit plans.
(2) Defined contribution plans. Assets held by defined benefit pension funds are not considered assets of the household sector. Defined benefit pension entitlements are included in line 13.
120
1989
1990
1991
1992
1993
1995
1996
1997
1998
1999
2000
53.5
42.1
21.7
8.8
23.3
11.1
52.5
48.5
83.6
9.2
1.5
-6.0
39.6
70.9
75.8
53.8
46.4
53.0
45.2
76.5
84.9
120.0
47.4
55.0
28.8
108.1
0.5
-0.2
-13.1
0.4
-1.0
5.4
4.9
3.1
1.3
-6.2
-1.2
-2.2
4.0
10.4
32.9
-1.3
1.2
-2.4
4.0
6.0
1.7
-1.5
-13.8
0.5
-2.5
0.2
1.1
0.2
2.3
0.2
1.2
0.2
8.3
1.1
9.4
1.4
2.9
0.3
-1.8
0.0
3.1
1.1
7.1
1.3
2.3
0.6
3.8
0.7
5.1
0.8
4.5
0.8
3
4
5
6
54.9
21.9
22.2
-17.6
10.9
25.5
16.6
38.8
36.7
23.1
36.4
46.7
32.6
38.2
6.4
4.5
0.0
6.6
-0.8
-5.7
13.8
2.6
0.5
9.7
0.9
5.8
4.8
4.6
-0.5
8.2
-0.7
-35.2
6.1
3.6
0.0
7.9
-0.1
-5.8
6.8
3.1
0.2
5.6
0.9
12.4
5.1
2.3
0.3
4.5
0.9
4.7
6.4
2.9
0.4
2.4
-0.1
2.0
16.4
7.6
0.1
11.9
0.9
4.1
13.9
6.4
0.0
11.7
0.6
1.3
8.9
4.1
-0.1
8.3
0.6
3.0
11.6
5.4
0.1
15.4
0.9
4.7
17.5
8.1
0.1
15.4
0.8
12.4
5.4
2.5
0.0
10.5
1.7
8
9
10
11
12
13
5.2
-1.0
16.1
2.6
15.0
1.2
-18.6
-3.3
18.6
0.7
8.9
-0.7
45.1
1.5
-10.4
1.3
21.0
2.4
-30.6
-1.0
-40.7
0.4
-67.4
-3.3
15.4
-1.0
14
15
2.8
2.8
2.8
2.8
2.6
2.6
2.0
2.0
1.1
1.1
0.8
1.8
2.0
2.1
1.5
1.6
3.4
3.5
3.7
2.6
4.6
4.6
1.1
1.1
4.3
4.3
16
17
-0.1
18.6
-3.9
21.0
-6.0
24.5
15.2
20.5
10.6
1.2
7.0
15.0
0.2
10.1
10.2
38.0
8.4
24.4
9.7
38.3
12.5
24.7
12.0
31.2
16.3
25.0
18
19
17.3
33.6
32.1
37.6
29.7
34.1
24.0
36.4
36.3
38.2
53.5
34.7
68.5
20
7.5
11.7
11.8
14.3
10.0
13.8
2.4
-0.6
11.0
10.6
23.4
13.5
19.3
21
1.5
1.6
-0.0
4.4
3.2
1.4
-0.0
7.2
3.0
1.4
0.3
7.2
3.8
1.6
0.4
8.6
2.4
1.2
-0.2
6.6
1.1
2.0
0.1
10.7
3.2
-0.2
0.1
-0.8
0.2
-0.1
-0.1
-0.6
6.1
0.8
0.0
4.1
7.1
0.6
-0.2
3.1
11.8
1.9
-0.1
9.9
10.4
0.5
0.1
2.5
5.8
2.2
-0.3
11.6
22
23
24
25
2.4
7.4
16.2
5.8
9.3
10.9
9.4
13.8
5.9
13.8
6.0
14.3
5.2
16.5
7.9
29.1
8.0
17.3
8.9
18.7
8.7
21.4
4.1
17.0
3.8
45.4
26
27
3
4
5
6
8
9
10
11
12
13
14
15
Corporate equities
Mutual fund shares
16
17
Security credit
Trade receivables (2)
18
19
20
21
22
23
24
25
26
27
(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.
(2) Not included in table F.100.
Supplements
1994
121
2
3
4
5
7
8
9
10
11
12
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
590.7
710.5
742.1
828.1
890.2
957.1
1025.5
1214.0
1414.1
1607.3
1793.9
1974.7
2003.8
17.0
1.5
15.9
1.7
15.9
6.8
20.8
4.8
17.3
0.6
19.6
2.5
21.3
11.1
52.5
1.3
22.5
8.7
56.5
7.3
24.1
7.1
42.7
7.8
21.6
7.3
43.8
8.0
23.9
7.5
45.1
8.2
32.1
8.6
54.5
9.6
35.0
8.9
52.7
9.6
38.1
10.0
59.8
10.9
40.4
10.6
63.6
11.6
45.5
11.4
68.1
12.5
2
3
4
5
229.3
251.2
273.4
255.9
266.8
292.3
308.9
347.7
384.4
407.6
443.9
490.6
523.2
93.6
55.7
26.3
0.1
51.1
2.6
87.9
69.5
28.9
0.6
60.8
3.5
93.7
74.3
33.5
0.1
69.0
2.8
58.5
80.3
37.1
0.2
77.0
2.8
52.7
87.1
40.3
0.4
82.6
3.7
65.0
92.2
42.6
0.8
87.1
4.6
69.7
98.5
45.5
1.1
89.5
4.5
71.7
114.9
53.1
1.2
101.4
5.3
75.8
128.8
59.5
1.3
113.1
6.0
77.1
137.6
63.6
1.2
121.4
6.6
80.2
149.2
69.0
1.3
136.8
7.4
84.9
166.8
77.1
1.5
152.2
8.3
97.3
172.2
79.6
1.5
162.6
10.0
7
8
9
10
11
12
145.8
10.2
203.0
15.8
197.5
15.3
214.6
15.9
241.1
17.7
270.2
18.5
308.2
19.0
397.1
24.6
494.7
30.4
604.9
34.5
692.0
38.7
769.3
42.7
708.6
38.8
13
14
13
14
Corporate equities
Mutual fund shares
15
16
Security credit
Trade receivables (2)
25.7
25.7
28.5
28.5
31.1
31.1
33.1
33.1
34.3
34.3
35.0
36.1
37.1
38.1
38.6
39.7
42.0
43.2
45.8
45.8
50.3
50.3
51.5
51.5
55.8
55.8
15
16
17
18
26.1
92.0
22.2
112.9
16.2
137.4
31.4
158.0
42.0
159.2
49.0
174.2
49.2
184.3
59.4
222.2
67.8
246.7
77.5
285.0
90.0
309.7
102.0
340.9
118.3
365.9
17
18
253.8
287.5
319.5
357.1
386.8
421.0
444.9
481.4
517.7
555.8
609.3
644.1
712.5
19
154.4
166.1
177.9
192.3
202.3
216.1
218.5
217.9
228.9
239.5
262.9
276.4
295.7
20
79.6
11.8
0.3
62.7
82.7
13.1
0.3
70.0
85.7
14.5
0.5
77.2
89.5
16.1
0.9
85.8
91.9
17.3
0.7
92.3
93.0
19.3
0.8
103.0
96.1
19.2
0.9
102.2
96.4
19.1
0.8
101.6
102.4
19.8
0.9
105.7
109.6
20.4
0.7
108.8
121.3
22.3
0.6
118.7
131.7
22.7
0.7
121.2
137.5
24.9
0.4
132.8
21
22
23
24
41.3
58.2
57.4
63.9
66.8
74.8
76.2
88.6
82.1
102.5
88.1
116.8
93.2
133.3
101.1
162.4
109.1
179.7
118.0
198.4
126.8
219.7
130.9
236.8
134.7
282.1
25
26
19
20
21
22
23
24
25
26
Liabilities
Credit market instruments
Municipal securities
Depository institution loans n.e.c.
Other loans and advances
Commercial mortgages
Trade payables
Miscellaneous liabilities (2)
Supplements
(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.
(2) Not included in table L.100.
122
1
2
3
4
5
6
7
8
9
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3691.2
1144.9
1026.1
246.0
14.8
969.4
136.3
174.3
-20.6
3885.0
1191.5
1057.1
346.3
15.7
989.0
137.2
171.1
-22.9
4074.1
1404.0
1097.1
345.0
16.3
922.6
137.4
175.4
-23.8
4259.2
1498.0
1122.9
402.4
17.8
955.3
131.4
159.1
-27.7
4695.2
1659.3
1147.7
381.4
20.0
1111.4
246.0
169.0
-39.7
4248.5
1496.4
1118.8
407.2
17.1
952.0
130.5
155.0
-28.5
4320.3
1552.8
1126.3
399.2
19.9
972.6
132.6
148.7
-31.8
4547.3
1629.0
1140.7
375.4
19.2
1099.0
154.3
165.1
-35.5
4832.0
1668.8
1138.8
384.7
19.4
1108.6
380.6
170.0
-39.0
4623.3
1657.6
1149.0
383.2
20.0
1114.3
175.3
165.3
-41.4
4778.2
1681.9
1162.2
382.0
21.5
1123.9
273.9
175.7
-43.0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
5213.0
2442.1
2117.5
52.7
542.4
58.3
5451.8
2522.2
2250.5
50.6
572.7
55.9
5535.4
2526.1
2277.4
56.5
615.5
60.0
5621.6
2548.0
2334.8
49.9
631.6
57.3
5669.3
2519.0
2418.5
49.0
624.5
58.4
5627.9
2572.9
2341.9
52.3
604.8
56.0
5653.0
2538.1
2366.1
40.9
650.2
57.7
5630.1
2525.3
2400.4
47.6
598.8
58.0
5682.7
2517.5
2404.9
52.4
649.0
58.9
5699.3
2523.2
2431.8
53.5
631.7
59.1
5665.0
2510.0
2436.8
42.4
618.3
57.5
10
11
12
13
14
15
16
17
18
19
20
-1521.7
442.7
0.5
5.0
-3.4
-1566.8
458.1
-1.7
4.9
8.1
-1461.3
478.1
-0.4
4.4
7.5
-1362.3
493.6
-1.4
4.6
5.8
-974.1
505.2
-1.2
5.3
-12.2
-1379.4
495.3
-1.6
4.6
0.8
-1332.7
497.4
-1.6
4.7
23.0
-1082.9
500.5
-1.9
5.3
-5.4
-850.7
503.4
-0.4
5.3
-10.3
-1075.9
506.1
-2.6
5.3
-13.4
-886.8
510.6
-0.0
5.4
-19.6
16
17
18
19
20
21
-1081.1
-1120.1
-994.7
-877.7
-460.9
-887.8
-861.4
-580.4
-342.0
-559.1
-362.0
21
22
23
24
Gross investment
Fixed investment
Nonproduced nonfinancial assets
-1082.1
647.0
3.4
-1066.5
651.8
9.6
-1043.0
632.6
9.2
-759.7
619.0
8.9
-369.9
605.9
8.8
-416.1
620.6
8.8
-778.5
612.5
8.7
-779.2
598.8
9.2
177.9
604.4
8.8
-458.5
614.4
8.2
-419.9
606.2
8.9
22
23
24
-1732.5
265.1
51.9
-155.1
9.6
9.8
-4.2
-1727.9
339.6
1.6
154.5
-6.8
13.7
-1.4
-1684.9
-166.8
16.2
-241.0
14.2
-0.1
-6.5
-1387.6
51.7
4.3
-2.3
20.5
-8.8
-6.9
-984.6
226.1
-1.5
76.9
20.5
1.2
0.9
-1045.5
75.5
3.1
-35.7
37.0
-6.7
-5.3
-1399.7
-0.6
-3.7
66.5
4.0
-18.7
-14.7
-1387.2
192.5
3.3
5.1
11.9
2.0
1.6
-435.3
321.3
-1.0
120.2
54.1
6.4
5.1
-1081.0
-45.3
-4.2
-160.3
14.0
-2.6
-2.0
-1034.9
436.0
-4.3
342.7
2.0
-1.2
-0.9
25
26
27
28
29
30
31
288.2
-39.0
151.7
1.0
3.9
17.5
87.9
65.2
-1.7
1.7
-25.7
30.1
60.6
136.8
13.0
-24.8
1.4
7.7
3.8
133.1
2.7
23.8
2.8
12.4
28.2
-25.9
-13.6
-10.8
-130.8
0.1
-4.1
-0.4
128.5
4.0
36.0
-0.7
7.1
22.9
-1.3
47.9
-5.4
-60.5
-0.8
-9.6
-10.0
132.1
2.1
-18.2
-2.6
10.9
13.5
-6.5
130.6
0.7
3.9
0.1
1.2
5.5
113.1
6.2
-4.2
0.3
9.7
-16.7
8.3
72.2
-4.1
-22.3
-0.6
-7.5
-6.9
121.1
-7.6
-13.7
-2.0
13.5
16.9
-4.0
-26.1
-11.3
-62.3
-1.6
-20.1
-29.0
101.3
-3.1
-15.6
-5.5
4.4
19.9
-11.1
176.8
1.2
6.7
0.2
2.0
9.8
148.2
8.8
-4.0
0.6
-5.2
-3.6
4.0
166.5
3.9
21.4
0.6
6.8
8.0
117.2
8.7
0.9
1.9
23.1
-48.2
-7.7
88.1
-1.6
-8.6
-0.2
-2.8
0.3
97.7
3.4
-11.8
-0.8
9.8
10.7
13.7
91.1
-0.7
-3.9
-0.1
-1.3
3.9
89.2
4.1
-1.8
-0.3
11.0
-25.5
23.3
32
33
34
35
36
37
38
39
40
41
42
43
44
1997.6
47.6
3.0
-0.4
1573.5
-2.8
1463.9
0.1
112.2
0.0
-17.3
1.1
390.0
2067.5
0.0
0.0
-0.3
1642.1
-3.3
1576.1
0.7
68.7
0.0
44.7
0.9
380.0
1518.1
0.0
0.0
0.0
1059.8
-2.7
1115.0
1.1
-53.6
0.0
47.8
1.3
409.1
1439.3
0.0
0.0
0.0
1147.2
-2.8
1156.0
-0.4
-5.7
0.0
47.1
0.3
244.7
1210.7
0.0
0.0
-0.4
758.6
-3.3
801.7
-0.4
-39.4
0.0
63.1
0.3
389.2
1121.0
0.0
0.0
0.0
787.7
-2.5
796.6
-0.3
-6.1
0.0
56.2
-0.2
277.3
1399.1
0.0
0.0
0.0
1114.0
-5.0
1233.1
1.9
-116.0
0.0
49.4
-0.5
236.2
1579.7
0.0
0.0
0.0
1251.8
-2.5
1183.7
-1.0
71.7
0.0
41.0
0.2
286.6
756.6
0.0
0.0
0.0
332.5
-3.7
301.8
1.3
33.0
0.0
70.3
0.8
353.0
1035.7
0.0
0.0
-1.4
161.8
-3.3
281.5
0.5
-116.9
0.0
64.6
-0.5
811.1
1470.9
0.0
0.0
0.0
1288.2
-3.6
1439.7
-2.4
-145.4
0.0
76.3
0.5
105.8
45
46
47
48
49
50
51
52
53
54
55
56
57
1.0
-53.6
48.3
-118.0
-91.0
-471.8
-82.9
198.9
-519.9
-100.6
57.9
58
-2168.7
436.2
-1732.5
-2218.6
490.7
-1727.9
-2093.9
409.1
-1684.9
-1981.3
593.7
-1387.6
-1580.0
595.4
-984.6
-2000.0
954.5
-1045.5
-1945.3
545.5
-1399.7
-1681.7
294.5
-1387.2
-1455.1
1019.8
-435.3
-1690.3
609.3
-1081.0
-1493.0
458.1
-1034.9
59
60
61
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
Supplements
2010
45
46
47
48
49
50
51
52
53
54
55
56
57
58
Discrepancy
59
60
61
Memo:
Net govt. saving less fixed investment (6)
Adjustment between NIPA and FOF (7)
Items to be financed (8)
(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.
Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.
(2) Table F.9, line 60 less line 12.
(3) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.
(4) Excludes transactions with state and local governments.
(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) Line 17 less line 24.
(7) Line 18 less the sum of lines 19, 20, 21, 25, and 59.
(8) Line 60 plus line 61.
123
2
3
4
5
6
8
9
10
11
12
13
14
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3452.5
3756.5
3538.8
3611.7
3893.0
3618.8
3611.7
3664.0
3757.3
3769.7
3893.0
94.6
292.7
250.1
135.6
125.5
95.4
446.7
243.2
149.3
124.2
103.9
205.6
257.4
149.2
117.6
102.8
209.6
291.8
140.4
110.7
96.4
287.9
312.3
141.5
111.6
104.7
194.9
284.4
145.0
114.4
102.8
209.6
291.8
140.4
110.7
99.0
194.5
296.8
140.9
111.1
98.2
247.9
298.2
142.5
112.4
99.2
204.8
305.8
141.8
111.8
96.4
287.9
312.3
141.5
111.6
2
3
4
5
6
1629.2
1769.7
1756.1
1804.0
1934.7
1815.7
1804.0
1854.0
1881.3
1917.8
1934.7
88.5
684.6
11.4
156.7
300.6
223.1
164.3
101.4
659.8
12.8
164.4
308.0
356.2
167.0
90.6
528.9
12.9
160.3
307.6
484.7
171.0
85.3
468.5
12.1
150.8
297.6
616.8
173.1
86.0
472.3
12.2
151.9
303.1
729.8
179.3
88.1
484.0
12.5
155.8
304.8
596.6
173.8
85.3
468.5
12.1
150.8
297.6
616.8
173.1
85.6
470.1
12.1
151.3
300.0
659.5
175.3
86.6
475.5
12.3
152.9
302.0
674.6
177.4
86.2
473.3
12.2
152.2
302.1
713.5
178.3
86.0
472.3
12.2
151.9
303.1
729.8
179.3
8
9
10
11
12
13
14
15
16
Corporate equities
Mutual fund shares
178.8
48.3
175.7
58.2
180.5
58.0
169.4
61.5
187.8
73.5
173.6
63.1
169.4
61.5
176.8
66.0
178.9
67.4
180.5
69.6
187.8
73.5
15
16
17
18
19
Trade receivables
Taxes receivable
Miscellaneous assets
182.8
250.9
264.0
195.1
262.1
237.0
202.2
272.8
235.6
213.1
279.4
229.0
222.8
287.3
237.3
213.6
277.4
231.8
213.1
279.4
229.0
213.7
281.3
230.0
219.2
283.4
228.1
221.3
285.5
231.5
222.8
287.3
237.3
17
18
19
15136.5
17252.6
18735.4
19888.2
20435.8
19502.2
19888.2
20091.3
20141.9
20263.3
20435.8
20
55.4
5.2
26.2
54.4
5.2
25.9
54.2
5.2
25.9
54.3
5.2
25.9
54.4
5.2
25.6
54.5
5.2
25.9
54.3
5.2
25.9
52.9
5.2
25.9
53.1
5.2
25.9
54.2
5.2
25.6
54.4
5.2
25.6
21
22
23
10176.2
191.3
7006.5
23.5
2954.9
0.0
11818.3
188.0
8582.6
24.2
3023.6
0.0
12878.2
185.3
9697.6
25.3
2970.0
0.0
14025.4
182.5
10853.6
24.9
2964.3
0.0
14783.9
179.2
11655.3
24.5
2924.9
0.0
13708.6
183.7
10530.9
24.4
2969.7
0.0
14025.4
182.5
10853.6
24.9
2964.3
0.0
14379.7
181.8
11194.5
24.6
2978.9
0.0
14352.7
181.0
11176.4
25.0
2970.4
0.0
14420.8
180.0
11278.7
25.1
2937.0
0.0
14783.9
179.2
11655.3
24.5
2924.9
0.0
24
25
26
27
28
29
835.1
47.5
3990.9
879.9
48.4
4420.5
927.7
49.7
4794.5
974.8
50.0
4752.7
1037.7
50.3
4478.8
970.7
50.1
4687.1
974.8
50.0
4752.7
993.9
50.1
4583.5
1012.2
50.2
4642.5
1026.5
50.1
4680.9
1037.7
50.3
4478.8
30
31
32
20
Total liabilities
21
22
23
SDR allocations
SDR certificates
Treasury currency
24
25
26
27
28
29
30
31
32
Trade payables
Insurance reserves
Miscellaneous liabilities (4)
Supplements
(1) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.
(2) Excludes loans to state and local governments.
(3) Excludes Treasury securities owed to state and local governments.
(4) 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.
124
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
92.1
126.9
176.4
56.5
67.3
108.6
83.8
71.5
31.7
80.7
85.2
2
3
4
-27.4
-5.5
2.2
-2.0
-12.7
0.7
3.0
7.9
-0.8
1.4
-1.4
-1.6
1.0
-4.0
-2.3
-10.2
-2.4
-0.3
6.1
-1.1
0.1
4.5
2.1
0.9
-38.7
-31.6
-13.2
36.2
14.7
4.0
1.8
-1.0
-0.7
2
3
4
139.0
111.7
122.4
34.1
68.6
118.7
60.9
47.4
73.7
48.7
104.5
15.5
26.1
2.7
-12.0
15.2
-5.6
-12.6
10.3
-1.5
15.9
-0.0
-5.2
-7.3
2.1
3.8
9.2
5.3
5.5
36.5
1.3
-4.9
-20.6
-0.2
7.5
-9.6
2.1
7.3
2.8
5.5
1.7
-1.9
0.9
-1.1
6
7
8
25.9
93.4
-12.6
-12.0
39.5
83.4
-0.2
-8.6
9.2
93.3
7.9
15.8
8.9
-0.5
1.9
13.1
3.2
49.0
3.0
14.8
13.6
74.8
4.8
5.5
9.3
0.2
6.8
11.8
3.4
57.7
-3.4
2.9
3.4
49.3
6.8
14.4
0.8
10.1
3.5
24.3
5.2
78.9
4.9
17.7
9
10
11
12
1.5
-0.1
4.0
-0.1
0.3
0.7
-2.5
0.2
-5.3
-0.2
4.2
-0.5
2.0
0.0
-9.3
-0.7
6.5
-0.1
-15.6
0.0
-2.7
0.0
13
14
-17.6
25.3
43.0
26.3
9.4
-0.8
15.8
26.7
35.1
-7.4
-16.6
15
12.4
91.2
151.2
17.8
52.5
102.6
19.6
46.8
38.2
89.0
35.8
16
-0.5
-0.9
-6.6
-2.2
-4.8
-3.2
0.1
-11.5
1.8
3.1
-9.9
4.8
-0.8
-8.0
5.4
4.0
-7.6
-0.2
3.4
-8.6
-3.0
0.5
-6.6
5.2
0.6
-9.7
6.5
-1.8
-8.5
-2.9
-2.5
-7.1
12.9
17
18
19
36.8
-89.7
-7.0
80.3
32.0
41.7
2.6
25.2
73.0
28.8
5.2
53.8
-6.2
2.0
-4.6
28.7
22.4
20.6
-2.3
15.1
14.3
16.8
0.9
74.4
19.3
23.5
-18.5
3.6
10.1
12.3
-0.6
26.0
26.5
13.5
-6.7
7.6
44.3
45.5
0.0
12.4
8.9
11.1
-1.8
14.4
20
21
22
23
6
7
8
9
10
11
12
13
14
Corporate equities
Mutual fund shares
15
Miscellaneous assets
16
17
18
19
20
21
22
23
(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
24.3
54.6
52.6
70.5
15.6
103.3
162.6
-27.4
-29.5
73.0
46.4
-4.7
3.0
-0.9
1.3
0.6
0.0
5.3
0.6
0.6
0.6
0.6
4
5
6
Supplements
7
8
9
10
0.8
39.9
3.0
26.9
0.1
29.1
27.2
0.4
0.4
0.4
-1.0
-4.0
1.6
3.1
3.1
8.0
9.6
1.4
8.5
-0.0
-2.0
4.2
-8.5
-1.0
1.6
-1.7
-2.0
4.2
-8.4
-2.0
4.4
-8.2
-1.0
1.6
-1.7
-1.0
1.6
-1.7
-1.0
1.6
-1.7
-1.0
1.6
-1.7
4
5
6
Municipal securities
Corporate and foreign bonds
Other loans and advances
Mortgages
0.2
4.2
-0.0
-4.3
-0.3
19.5
-0.0
-0.0
0.2
-6.2
-0.0
-0.8
0.7
33.8
-0.1
-1.1
0.5
0.8
-0.4
0.2
0.7
34.6
0.0
0.0
0.7
37.4
-0.6
-4.5
0.5
0.8
0.0
0.2
0.5
0.8
0.0
0.2
0.5
0.8
0.0
0.2
0.5
0.8
-1.5
0.2
7
8
9
10
11
12
Corporate equities
Mutual fund shares
31.9
0.1
41.6
1.1
37.5
0.4
17.7
1.1
34.6
1.5
15.8
1.8
16.5
1.3
28.0
2.0
54.4
1.4
28.6
1.4
27.2
1.4
11
12
13
Miscellaneous assets
-3.8
-31.0
12.7
23.4
-21.2
56.5
112.3
-58.4
-86.4
42.0
18.3
13
14
19.8
53.8
52.5
72.7
16.6
104.0
168.5
-25.1
-29.9
73.7
47.6
14
15
16
17
-10.5
44.0
-13.6
-18.4
51.3
20.8
6.9
49.2
-3.5
-5.9
69.1
9.5
-5.1
15.6
6.1
-2.8
89.1
17.7
5.8
148.3
14.4
-19.9
-11.5
6.3
-3.7
-23.9
-2.4
7.4
49.4
16.9
-4.3
48.3
3.7
15
16
17
(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
125
2
3
4
6
7
8
9
10
11
12
13
14
Corporate equities
Mutual fund shares
15
Miscellaneous assets
16
Total liabilities
17
18
19
20
21
22
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
3208.3
3335.5
3512.5
3570.3
3649.6
3555.1
3570.3
3591.0
3599.7
3630.2
3649.6
34.4
33.7
10.2
32.4
21.0
10.9
35.3
28.8
10.1
36.7
27.5
8.5
37.7
23.5
6.2
35.2
27.8
8.5
36.7
27.5
8.5
37.8
28.0
8.7
28.1
20.1
5.4
37.2
23.8
6.4
37.7
23.5
6.2
2
3
4
2775.3
2887.0
3009.3
3043.4
3112.0
3032.9
3043.4
3054.8
3075.1
3091.4
3112.0
33.2
113.7
289.2
21.2
128.9
283.5
8.6
139.2
282.0
24.5
139.2
276.8
17.2
141.3
280.6
19.1
138.9
278.0
24.5
139.2
276.8
19.8
139.1
278.6
18.9
139.7
280.5
22.1
141.1
280.9
17.2
141.3
280.6
6
7
8
68.8
1814.3
140.4
315.7
108.3
1897.7
140.2
307.1
117.5
1991.0
148.1
322.9
126.4
1990.5
150.0
336.0
129.6
2039.6
153.0
350.8
124.1
1990.5
148.4
333.9
126.4
1990.5
150.0
336.0
127.3
2005.0
149.2
335.7
128.1
2017.3
150.9
339.7
128.3
2019.8
151.8
347.4
129.6
2039.6
153.0
350.8
9
10
11
12
70.3
2.4
74.3
2.6
75.3
3.1
74.0
3.4
80.3
3.7
74.1
3.4
74.0
3.4
75.2
3.4
76.0
3.4
77.3
3.5
80.3
3.7
13
14
282.1
307.4
350.5
376.8
386.2
373.3
376.8
383.1
391.6
390.7
386.2
15
2911.6
3007.6
3170.3
3198.0
3258.5
3191.0
3198.0
3211.4
3223.4
3247.8
3258.5
16
12.4
48.3
10.3
45.1
10.4
46.8
13.5
51.6
12.7
57.0
12.7
52.4
13.5
51.6
13.7
52.9
13.8
54.5
13.4
53.8
12.7
57.0
17
18
969.5
1167.0
-31.4
745.7
1001.5
1208.7
-28.8
771.0
1074.5
1237.4
-23.6
824.8
1068.3
1239.4
-28.3
853.5
1090.7
1260.0
-30.5
868.6
1063.4
1233.6
-23.6
852.6
1068.3
1239.4
-28.3
853.5
1070.8
1242.5
-28.4
860.0
1077.4
1245.9
-30.1
861.9
1088.5
1257.3
-30.1
865.0
1090.7
1260.0
-30.5
868.6
19
20
21
22
(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
4
5
6
7
8
9
10
11
12
Corporate equities
Mutual fund shares
13
Miscellaneous assets
14
15
16
17
Total liabilities
Life insurance reserves
Pension entitlements (1)
Miscellaneous liabilities
1615.6
1832.4
1827.6
2044.4
2385.6
2006.7
2044.4
2147.5
2150.9
2226.6
2385.6
16.3
19.3
18.4
19.7
20.3
18.4
19.7
19.8
20.0
20.1
20.3
247.4
287.3
290.2
317.1
317.2
310.3
317.1
317.2
317.4
317.5
317.2
16.6
19.8
82.8
19.7
27.7
92.4
21.1
36.2
92.4
19.1
40.4
83.8
18.1
42.0
82.2
19.6
39.3
85.9
19.1
40.4
83.8
18.8
40.8
83.4
18.6
41.2
83.0
18.3
41.6
82.6
18.1
42.0
82.2
4
5
6
4.3
112.9
0.6
10.4
4.0
132.5
0.5
10.3
4.3
126.2
0.5
9.6
4.9
160.1
0.4
8.5
5.5
160.9
0.0
8.7
4.8
150.7
0.5
9.6
4.9
160.1
0.4
8.5
5.1
160.3
0.4
8.5
5.2
160.5
0.4
8.6
5.3
160.7
0.4
8.6
5.5
160.9
0.0
8.7
7
8
9
10
1138.1
138.4
1328.2
153.1
1314.9
147.0
1471.0
155.9
1807.8
180.9
1469.6
155.9
1471.0
155.9
1580.2
164.2
1603.8
165.4
1661.8
172.4
1807.8
180.9
11
12
75.5
44.5
57.2
80.6
59.4
52.5
80.6
66.0
44.4
54.9
59.4
13
1620.7
1836.6
1831.9
2050.8
2393.0
2011.6
2050.8
2154.5
2157.8
2233.7
2393.0
14
225.0
1183.4
212.2
228.4
1359.9
248.4
227.8
1364.3
239.8
240.7
1547.3
262.7
275.0
1824.8
293.2
239.7
1512.6
259.4
240.7
1547.3
262.7
249.2
1630.9
274.4
249.6
1633.5
274.8
258.4
1691.1
284.3
275.0
1824.8
293.2
15
16
17
(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
Supplements
126
2
3
4
5
7
8
9
10
11
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
57.3
53.3
50.9
50.7
50.7
51.0
50.7
50.7
50.7
50.7
50.7
-2.6
3.4
0.4
0.2
2.7
-0.2
-5.1
-0.2
1.8
1.2
-0.3
0.0
-0.4
-1.3
-1.5
-0.1
-0.3
-0.9
-0.9
-0.1
-0.3
-0.9
-1.0
-0.1
-0.5
-1.7
-2.0
-0.2
-0.1
-0.2
-0.2
-0.0
-0.4
-1.4
-1.6
-0.1
-0.7
-2.0
-2.1
-0.2
0.1
0.1
0.2
0.0
2
3
4
5
4.1
71.7
78.0
3.4
32.9
-5.2
-16.5
11.1
38.0
40.7
41.7
3.2
12.7
-6.6
-3.3
-2.0
-1.0
7.4
2.7
61.4
1.2
1.1
19.3
14.3
45.8
-2.4
-1.4
27.1
12.5
-32.9
-1.9
-4.2
25.9
9.3
4.1
-2.2
-0.9
24.4
4.7
-31.6
-1.7
-1.8
19.5
8.6
-41.0
-1.9
-0.2
36.5
7.5
-30.7
-2.0
-1.5
31.1
9.2
1.4
-2.2
-8.0
19.0
9.9
22.0
-2.2
-7.3
16.8
10.7
23.7
-2.3
7
8
9
10
11
12
13
Corporate equities
Mutual fund shares
-41.8
-8.0
-4.1
-10.8
-65.4
12.5
2.0
0.8
-25.5
-10.3
25.7
9.9
-15.9
-6.1
-12.8
11.0
-24.2
-9.4
-27.3
-10.6
-37.8
-32.4
12
13
14
15
16
17
18
Miscellaneous assets
Unallocated insurance contracts (2)
Contributions receivable
Claims of pension fund on sponsor (3)
Other
101.7
-2.4
-5.3
82.7
26.8
-0.4
-8.2
13.4
-14.9
9.3
23.1
12.7
1.7
-12.5
21.2
47.9
1.1
-1.3
50.1
-2.0
55.8
-0.6
-1.2
54.9
2.7
22.8
2.3
-0.5
14.7
6.4
93.6
1.9
-2.4
99.4
-5.3
41.9
0.5
0.5
49.0
-8.0
49.8
-0.5
-0.1
36.4
14.1
52.8
1.3
-0.9
50.3
2.1
78.9
-3.7
-4.3
84.1
2.7
14
15
16
17
18
57.3
53.4
50.8
50.7
50.7
51.0
50.7
50.7
50.7
50.7
50.7
19
19
99.3
126.7
36.2
76.3
90.0
79.5
65.4
56.2
127.9
87.6
88.3
2
3
4
5
-0.3
-0.6
-9.1
0.0
-0.5
-0.7
-5.0
0.0
4.0
0.2
17.2
0.0
0.1
-0.5
-2.4
0.0
-0.3
0.3
-0.6
0.0
-0.2
-0.2
-1.4
0.8
1.8
-0.1
-2.9
-0.8
-0.0
0.2
-0.1
0.0
2.2
-0.2
-0.4
0.0
-0.8
1.2
-3.8
0.0
-2.4
0.2
2.0
0.0
2
3
4
5
8.6
51.5
-4.8
9.6
11.9
1.7
9.5
17.5
32.0
3.5
-5.4
-2.2
22.2
0.2
-11.2
-0.4
-1.7
25.9
3.8
22.0
1.6
1.1
8.5
-11.0
-1.2
-2.2
-1.0
20.9
4.7
-14.4
-0.7
0.2
14.3
4.3
-6.3
-0.7
-6.9
23.6
2.9
-17.2
-0.7
-0.9
13.3
7.3
-9.7
-0.6
2.1
23.6
1.8
-9.3
-0.7
-1.2
20.6
7.1
6.1
-0.7
1.2
8.5
3.7
-9.2
-0.8
-1.3
4.4
4.8
-12.7
-0.5
7
8
9
10
11
-53.6
64.5
29.3
45.9
1.6
-11.0
9.6
54.2
30.0
37.3
11.8
48.9
9.0
22.7
27.4
27.8
39.0
36.1
21.3
54.0
32.5
31.3
12
13
89.7
82.5
-3.1
10.3
6.3
1.2
2.1
3.0
29.1
5.0
1.3
22.9
5.7
6.4
-0.6
-0.2
11.3
4.9
0.3
6.2
18.0
10.9
-0.1
7.3
26.3
17.1
-0.1
9.3
-16.6
1.2
0.4
-18.2
19.3
0.2
0.5
18.6
12.2
12.4
-0.2
0.1
30.3
5.7
0.4
24.3
14
15
16
17
99.3
126.7
36.2
76.3
90.0
79.5
65.4
56.2
127.9
87.6
88.3
18
Supplements
7
8
9
10
11
12
13
Corporate equities
Mutual fund shares
14
15
16
17
Miscellaneous assets
Unallocated insurance contracts (2)
Contributions receivable
Other
18
136.5
51.8
-26.6
94.2
ND
149.7
322.8
-436.7
-148.5
192.6
ND
30.7
8.7
-13.4
-41.0
149.7
1.8
26.6
3.0
17.4
-25.0
123.4
-93.6
20.3
1.2
13.2
9.0
44.0
-114.4
24.4
1.4
8.2
7.0
85.4
-32.2
ND
ND
ND
ND
ND
ND
26.3
1.8
11.0
16.0
145.0
-50.4
32.0
-1.8
29.5
32.0
-6.0
237.0
-15.4
0.1
-12.9
-24.0
161.5
-546.1
38.4
0.1
-5.2
56.0
-39.1
-198.8
2.3
-0.1
-0.6
24.0
97.0
69.9
ND
ND
ND
ND
ND
ND
2
3
4
5
6
7
(1) Assets of the household sector (F.100). IRA assets are not included in pension entitlements (table F.226), except for those at life insurance companies. Figures for depositories (lines 2 and 3)
include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
127
2
3
4
5
7
8
9
10
11
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
2626.3
2835.7
2916.6
3017.8
3068.5
2992.5
3017.8
3030.5
3043.2
3055.8
3068.5
5.0
27.7
39.8
2.9
7.7
27.5
34.7
2.7
9.5
28.7
34.3
2.7
9.1
27.4
32.8
2.6
8.8
26.6
31.9
2.5
9.2
27.8
33.3
2.6
9.1
27.4
32.8
2.6
9.0
27.4
32.7
2.6
8.9
27.0
32.3
2.6
8.8
26.5
31.8
2.5
8.8
26.6
31.9
2.5
2
3
4
5
543.5
615.1
693.2
696.6
729.4
700.7
696.6
699.3
708.8
719.0
729.4
31.2
112.1
116.3
266.9
17.0
30.2
119.4
119.0
328.3
18.2
31.3
138.8
133.3
374.1
15.8
29.9
165.8
145.8
341.2
13.9
25.6
191.7
155.1
345.3
11.8
30.3
161.0
143.6
351.4
14.4
29.9
165.8
145.8
341.2
13.9
29.8
175.0
147.7
333.5
13.4
29.5
182.7
149.9
333.8
12.9
27.5
187.5
152.4
339.3
12.3
25.6
191.7
155.1
345.3
11.8
7
8
9
10
11
12
13
Corporate equities
Mutual fund shares
863.8
322.9
1010.7
349.8
929.5
356.6
1035.6
397.3
1227.7
471.0
1050.1
402.9
1035.6
397.3
1104.9
427.9
1115.4
432.0
1167.1
452.0
1227.7
471.0
12
13
14
15
16
17
18
Miscellaneous assets
Unallocated insurance contracts (2)
Contributions receivable
Claims of pension fund on sponsor (3)
Other
820.6
57.8
49.8
497.6
215.5
787.5
53.0
63.1
446.5
224.8
862.0
64.5
64.8
486.6
246.0
816.5
68.8
63.5
440.2
244.0
570.6
74.0
62.3
187.7
246.7
765.9
68.4
64.1
388.1
245.3
816.5
68.8
63.5
440.2
244.0
726.6
71.3
63.6
349.7
242.0
716.1
71.4
63.5
335.6
245.5
648.0
73.0
63.3
265.7
246.0
570.6
74.0
62.3
187.7
246.7
14
15
16
17
18
2662.7
2872.2
2953.1
3054.3
3105.0
3029.0
3054.3
3067.0
3079.7
3092.4
3105.0
19
19
3310.5
3748.5
3720.4
4100.1
4897.7
4095.0
4100.1
4384.9
4472.4
4662.3
4897.7
2
3
4
5
5.4
5.3
107.6
0.0
4.8
4.6
102.6
0.0
8.8
4.7
119.8
0.0
8.9
4.2
117.4
0.0
8.7
4.5
116.8
0.0
8.5
4.2
118.1
0.2
8.9
4.2
117.4
0.0
8.9
4.3
117.4
0.0
9.5
4.2
117.3
0.0
9.3
4.5
116.3
0.0
8.7
4.5
116.8
0.0
2
3
4
5
252.0
303.5
298.6
308.2
320.1
305.8
308.2
312.6
320.6
321.4
320.1
14.1
70.3
67.7
93.2
6.7
12.4
96.2
71.4
115.1
8.4
13.5
104.7
60.4
114.0
6.1
12.4
125.6
65.1
99.6
5.5
12.7
139.8
69.5
93.3
4.8
12.7
122.2
63.3
102.0
5.6
12.4
125.6
65.1
99.6
5.5
13.0
131.5
65.6
97.3
5.3
12.7
136.6
67.4
98.8
5.1
13.0
138.8
68.3
96.5
4.9
12.7
139.8
69.5
93.3
4.8
7
8
9
10
11
783.3
1504.7
927.6
1734.9
896.6
1696.1
1006.2
1943.6
1256.4
2449.7
1007.2
1945.7
1006.2
1943.6
1101.2
2125.4
1123.2
2177.0
1179.3
2303.7
1256.4
2449.7
12
13
652.3
327.6
25.8
298.9
670.4
340.6
27.9
301.9
695.7
341.7
29.2
324.7
711.5
358.3
28.6
324.6
741.5
381.9
28.9
330.8
705.2
354.3
28.6
322.3
711.5
358.3
28.6
324.6
715.1
366.4
28.7
320.0
720.7
367.2
28.8
324.7
727.8
374.3
28.8
324.7
741.5
381.9
28.9
330.8
14
15
16
17
3310.5
3748.5
3720.4
4100.1
4897.7
4095.0
4100.1
4384.9
4472.4
4662.3
4897.7
18
7
8
9
10
11
12
13
Corporate equities
Mutual fund shares
14
15
16
17
Miscellaneous assets
Unallocated insurance contracts (2)
Contributions receivable
Other
18
Supplements
4488.0
5029.0
5001.0
5561.0
ND
5495.0
5561.0
5842.0
5894.0
6164.0
ND
356.7
74.2
398.0
230.0
1669.0
1760.1
383.3
77.2
434.0
205.0
1935.0
1994.5
403.6
78.4
441.0
214.0
1898.0
1965.9
428.0
79.9
468.0
221.0
2155.0
2209.1
ND
ND
ND
ND
ND
ND
420.0
80.3
461.0
213.0
2136.0
2184.7
428.0
79.9
468.0
221.0
2155.0
2209.1
424.2
79.9
479.0
215.0
2303.0
2341.0
433.8
79.9
479.0
229.0
2312.0
2360.3
434.4
79.9
488.0
235.0
2441.0
2485.8
ND
ND
ND
ND
ND
ND
2
3
4
5
6
7
(1) Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension entitlements (table L.226), except for those at life insurance companies. Figures for depositories
(lines 2 and 3) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
128
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
4.8
9.9
11.7
15.6
8.6
23.4
30.2
-2.4
17.0
25.7
-5.9
5.7
-0.8
-1.7
4.2
7.4
4.9
7.7
-1.8
6.3
19.5
5.6
1.1
2.8
3.1
3.7
-3.9
3.9
11.0
-11.2
0.6
0.1
-5.2
5
6
7
8
Mortgages
Home
Multifamily residential
Commercial
9
10
11
Miscellaneous assets
Net increase in liabilities
Credit market instruments
12
13
Corporate bonds
Depository institution loans n.e.c.
14
15
16
Mortgages
Multifamily residential
Commercial
17
Miscellaneous liabilities
0.7
0.4
-0.3
0.9
-1.6
0.1
2.3
-3.8
-0.5
-0.7
-1.4
0.4
0.0
-0.2
0.6
2.4
0.0
0.0
2.4
3.4
0.1
-0.0
3.4
2.9
0.0
0.1
2.8
-2.3
-0.0
0.1
-2.4
3.9
0.0
0.2
3.7
8.8
0.0
0.1
8.6
-7.4
0.0
-0.2
-7.2
1.1
0.0
0.8
0.3
0.8
-0.0
-0.1
0.9
-3.8
-0.1
-0.1
-3.7
5
6
7
8
-2.0
7.9
10.3
7.7
5.1
14.5
11.4
10.6
10.0
6.1
-6.3
-30.8
16.7
37.6
41.8
6.4
45.6
71.3
1.4
-6.9
70.0
-38.7
10
-17.7
4.6
32.4
42.9
13.3
33.6
68.0
8.2
-4.0
59.5
-10.6
11
-11.4
-9.7
6.3
-2.0
18.2
5.1
26.0
1.3
12.3
3.3
24.0
-2.5
38.8
14.3
5.5
-19.4
7.9
4.4
36.8
22.1
-1.2
6.1
12
13
3.4
1.8
1.6
0.2
0.8
-0.6
9.1
-0.1
9.2
15.6
-1.1
16.7
-2.3
2.0
-4.3
12.2
-0.7
12.8
14.9
0.7
14.2
22.1
18.9
3.2
-16.4
-3.5
-12.9
0.6
1.0
-0.4
-15.4
-8.4
-7.1
14
15
16
-13.0
12.1
5.2
-1.1
-6.8
11.9
3.3
-6.8
-2.9
10.5
-28.1
17
142.1
-55.8
277.3
-60.4
29.8
-43.6
-165.4
-44.2
4
5
6
7
8
9
Mortgages
Home
Multifamily residential
Commercial
10
Supplements
11
Miscellaneous assets
Net increase in liabilities
12
13
14
15
16
17
18
19
20
21
22
-14.1
31.9
106.6
2.1
-2.0
3.7
3.3
0.5
10.1
-6.2
25.1
-17.9
-6.0
0.7
-9.7
34.4
99.8
124.0
-56.1
247.7
-70.3
-17.6
-62.0
-74.1
-70.6
15.5
3.1
38.2
4.9
101.4
1.6
111.5
9.2
-76.2
5.8
232.5
12.1
-77.1
4.0
-50.9
23.6
-71.9
-1.4
-93.2
-0.0
-88.6
1.2
4
5
-28.4
-21.7
-1.8
-4.8
-8.7
-3.7
-0.4
-4.6
-3.2
-0.8
-0.2
-2.3
3.3
5.5
0.0
-2.2
14.3
8.0
0.6
5.6
3.1
2.3
-0.2
0.9
2.8
5.4
0.2
-2.8
9.8
7.2
1.4
1.2
11.4
4.3
1.7
5.3
19.2
11.1
-0.4
8.6
16.8
9.5
-0.2
7.5
6
7
8
9
-6.5
-0.5
3.0
14.8
-0.3
19.5
16.1
22.2
36.3
-85.3
25.7
10
-22.0
26.2
93.9
121.5
-42.9
235.5
-60.6
6.6
-27.0
-162.3
11.1
11
11.1
30.0
94.9
103.4
-37.7
163.2
-4.8
7.5
-49.1
-96.4
-12.9
12
-32.3
-6.7
-4.2
-0.0
8.4
-6.3
-7.6
8.7
17.2
3.1
4.7
13
0.0
-29.8
-2.5
0.0
-6.4
-0.3
0.0
-2.8
-1.4
0.0
0.1
-0.1
0.0
6.6
1.9
0.0
-5.3
-1.0
0.0
-8.1
0.5
0.0
2.2
6.5
0.0
17.7
-0.5
0.0
0.0
3.1
0.0
6.3
-1.6
14
15
16
-0.8
2.8
3.2
18.1
-13.6
78.6
-48.2
-9.6
5.0
-69.0
19.3
17
-25.3
0.0
-25.7
-0.0
0.4
0.4
0.0
1.1
-0.0
-0.7
-3.1
0.0
-0.7
-0.0
-2.3
-4.6
0.0
3.6
-0.0
-8.1
3.2
0.0
2.5
0.0
0.8
8.7
0.0
8.8
0.0
-0.1
-7.9
0.0
2.6
-0.0
-10.5
3.0
0.0
1.7
0.1
1.2
8.2
0.0
8.2
-0.0
0.0
1.7
0.0
-0.0
-0.0
1.7
-0.0
0.0
-0.0
-0.1
0.1
18
19
20
21
22
129
2010
2011
2012
2013
2012
2013
Q3
Q4
Q1
Q2
Q3
Q4
70.2
80.1
91.8
107.4
116.0
99.9
107.4
106.8
111.1
117.5
116.0
18.8
18.0
16.4
20.6
28.0
18.7
20.6
20.1
21.7
26.6
28.0
15.5
18.2
21.3
25.0
21.1
22.3
25.0
22.2
22.4
22.4
21.1
5
6
7
8
Mortgages
Home
Multifamily residential
Commercial
9
10
11
Miscellaneous assets
Total liabilities
Credit market instruments
12
13
Corporate bonds
Depository institution loans n.e.c.
14
15
16
Mortgages
Multifamily residential
Commercial
17
Miscellaneous liabilities
3.6
4.0
3.7
4.5
2.9
4.0
4.5
3.6
3.4
3.3
2.9
11.8
0.1
0.3
11.5
14.2
0.1
0.3
13.8
17.6
0.2
0.3
17.2
20.5
0.2
0.4
20.0
18.2
0.2
0.5
17.6
18.3
0.2
0.3
17.8
20.5
0.2
0.4
20.0
18.6
0.2
0.3
18.2
18.9
0.2
0.5
18.2
19.1
0.2
0.5
18.5
18.2
0.2
0.5
17.6
5
6
7
8
35.9
43.8
54.1
61.8
66.9
59.0
61.8
64.5
67.0
68.5
66.9
313.5
330.2
367.8
409.6
416.0
391.7
409.6
409.9
408.2
425.7
416.0
10
276.4
281.0
313.3
356.2
369.5
339.2
356.2
358.3
357.3
372.2
369.5
11
91.2
18.3
97.5
16.4
115.7
21.4
141.8
22.7
154.0
26.0
132.1
19.1
141.8
22.7
143.1
17.9
145.1
19.0
154.3
24.5
154.0
26.0
12
13
166.9
26.8
140.1
167.1
27.7
139.4
176.2
27.6
148.6
191.8
26.5
165.3
189.5
28.5
161.0
188.0
26.3
161.8
191.8
26.5
165.3
197.3
31.2
166.1
193.2
30.3
162.9
193.4
30.6
162.8
189.5
28.5
161.0
14
15
16
37.1
49.2
54.5
53.3
46.5
52.5
53.3
51.6
50.9
53.5
46.5
17
451.6
410.0
466.7
451.6
459.1
448.2
421.0
410.0
4
5
6
7
8
9
Mortgages
Home
Multifamily residential
Commercial
10
11
Miscellaneous assets
202.9
309.5
7.5
5.5
9.2
12.5
13.0
14.1
12.5
18.8
14.3
12.8
13.0
153.4
187.8
287.6
411.6
366.6
429.2
411.6
407.2
391.7
384.3
366.6
105.1
11.9
143.3
16.8
244.7
18.4
356.2
27.7
280.0
33.5
375.4
26.7
356.2
27.7
343.4
33.6
325.5
33.2
302.2
33.2
280.0
33.5
4
5
36.4
12.5
2.0
22.0
27.7
8.8
1.6
17.3
24.5
8.0
1.4
15.1
27.8
13.4
1.5
12.9
53.1
32.5
2.1
18.5
27.1
12.1
1.4
13.6
27.8
13.4
1.5
12.9
30.2
15.2
1.8
13.2
33.1
16.3
2.3
14.5
48.9
30.1
2.2
16.6
53.1
32.5
2.1
18.5
6
7
8
9
10.2
9.6
12.7
27.5
30.4
23.5
27.5
33.0
42.1
24.0
30.4
10
145.3
171.5
265.4
386.9
345.0
402.0
386.9
388.5
381.8
342.2
345.0
11
12
90.4
120.5
215.4
318.7
281.0
319.9
318.7
320.6
308.3
284.2
281.0
12
13
41.0
34.3
30.1
30.1
38.5
32.0
30.1
32.3
36.6
37.3
38.5
13
0.0
38.6
2.4
0.0
32.2
2.1
0.0
29.4
0.7
0.0
29.4
0.6
0.0
36.0
2.5
0.0
31.5
0.5
0.0
29.4
0.6
0.0
30.0
2.3
0.0
34.4
2.1
0.0
34.4
2.9
0.0
36.0
2.5
14
15
16
13.9
16.7
20.0
38.1
25.5
50.1
38.1
35.7
36.9
20.7
25.5
17
20.1
0.0
6.1
0.4
13.7
20.5
0.0
7.2
0.4
13.0
17.4
0.0
6.5
0.3
10.7
12.9
0.0
10.0
0.3
2.5
16.1
0.0
12.5
0.3
3.3
14.9
0.0
9.4
0.3
5.2
12.9
0.0
10.0
0.3
2.5
13.6
0.0
10.5
0.3
2.8
15.7
0.0
12.5
0.3
2.8
16.1
0.0
12.5
0.3
3.3
16.1
0.0
12.5
0.3
3.3
18
19
20
21
22
14
15
16
17
18
19
20
21
22
Total liabilities
171.0
Supplements
130
Integrated Accounts
Billions of dollars
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
11524.3
12283.5
13129.2
14073.2
14460.1
14621.2
14345.7
14915.2
15587.5
16261.6
1727.2
1831.7
1982.0
2136.0
2264.4
2363.4
2368.4
2381.6
2452.6
2542.9
3
4
5
6
7
8
9797.1
6372.7
5146.1
1226.6
758.9
2665.4
10451.8
6748.8
5431.2
1317.6
817.6
2885.5
11147.2
7097.9
5703.1
1394.8
873.6
3175.7
11937.1
7513.7
6068.8
1444.9
940.5
3483.0
12195.8
7908.8
6405.7
1503.1
980.0
3307.0
12257.9
8090.0
6543.6
1546.4
989.4
3178.6
11977.3
7795.7
6260.1
1535.6
967.8
3213.9
12533.6
7975.3
6385.6
1589.8
1001.2
3557.0
13134.9
8286.6
6646.8
1639.8
1037.2
3811.2
13718.8
8620.0
6935.1
1684.9
1065.6
4033.2
3
4
5
6
7
8
356.1
288.1
451.4
361.4
575.8
482.3
724.2
655.7
875.5
749.1
856.8
683.8
643.7
496.5
720.0
514.1
802.8
542.1
818.6
565.7
9
10
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
9865.1
2665.4
6365.4
5138.8
1226.6
808.0
-49.1
4363.3
2628.5
1571.1
603.0
968.1
149.0
14.6
4287.9
2719.8
1539.0
571.0
968.1
14.5
14.6
10541.9
2885.5
6740.5
5422.9
1317.6
863.9
-46.4
4812.7
2795.0
1808.0
775.5
1032.5
192.5
17.1
4714.3
2901.7
1745.7
713.2
1032.5
49.8
17.1
11240.8
3175.7
7087.8
5692.9
1394.8
934.5
-60.9
5548.9
3385.2
2123.9
1069.4
1054.5
20.4
19.4
5445.2
3520.6
1863.0
808.5
1054.5
42.1
19.4
12005.6
3483.0
7503.2
6058.2
1444.9
991.9
-51.5
6528.4
4109.9
2150.5
1018.6
1131.8
247.8
20.3
6449.4
4287.1
2072.6
940.7
1131.8
69.5
20.3
12322.3
3307.0
7899.1
6396.0
1503.1
1034.6
-54.6
7187.0
4661.4
2241.5
1174.9
1066.6
261.4
22.6
7051.0
4878.7
2101.1
1034.5
1066.6
48.5
22.6
12430.8
3178.6
8079.2
6532.8
1546.4
1041.9
-52.6
6802.0
4188.5
2322.1
1186.9
1135.2
265.6
25.9
6618.3
4411.4
2141.6
1006.4
1135.2
39.4
25.9
12124.5
3213.9
7787.8
6252.2
1535.6
1026.1
-58.3
5703.0
3420.8
2001.1
918.5
1082.6
262.8
18.3
5548.0
3618.6
1889.3
806.6
1082.6
21.9
18.3
12739.5
3557.0
7967.3
6377.5
1589.8
1057.1
-55.9
5653.1
3194.8
2102.5
943.1
1159.4
336.6
19.2
5439.1
3376.0
1981.1
821.7
1159.4
62.8
19.2
13395.7
3811.2
8278.5
6638.7
1639.8
1097.1
-60.0
5935.4
3190.5
2362.2
1059.4
1302.8
361.1
21.6
5666.5
3358.2
2205.8
903.0
1302.8
81.0
21.6
13971.6
4033.2
8611.6
6926.8
1684.9
1122.9
-57.3
6052.1
3108.0
2554.6
1166.1
1388.5
368.1
21.5
5790.9
3265.7
2397.8
1009.4
1388.5
105.9
21.5
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
9865.1
1241.6
1244.6
2099.8
2105.9
456.8
528.3
10541.9
1347.9
1352.1
2233.5
2239.7
468.2
554.8
11240.8
1616.5
1620.9
2364.3
2370.9
494.1
598.1
12005.6
1821.0
1825.5
2515.3
2523.2
497.2
586.6
12322.3
1923.9
1933.4
2658.3
2666.9
532.5
640.1
12430.8
1735.1
1744.3
2840.4
2851.1
563.0
681.4
12124.5
1405.8
1414.4
3070.9
3081.9
671.0
787.5
12739.5
1553.5
1562.0
3223.0
3234.6
719.3
841.2
13395.7
1765.3
1778.2
3182.9
3195.6
694.5
817.9
13971.6
1918.3
1932.8
3272.2
3285.5
643.7
760.4
32
33
34
35
36
37
38
39
9784.5
10444.9
11125.8
11903.8
12196.5
12292.6
11988.4
12597.5
13246.7
13827.0
39
40
9519.9
10126.7
10770.4
11387.3
11954.2
12374.1
12285.0
12724.1
13237.9
13697.6
40
41
264.5
318.3
355.5
516.5
242.4
-81.5
-296.6
-126.6
8.8
129.3
41
42
43
44
Addendum:
Gross value added (line 1)
Plus statistical discrepancy (NIPA)
Equals: GDP (NIPA, expenditure approach)
11524.3
-12.1
11512.2
12283.5
-6.5
12277.0
13129.2
-33.8
13095.4
14073.2
-215.3
13857.9
14460.1
20.2
14480.3
14621.2
99.0
14720.3
14345.7
72.2
14417.9
14915.2
43.1
14958.3
15587.5
-53.6
15533.8
16261.6
-17.0
16244.6
42
43
44
131
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1
2
3
4
5
6
7
11524.3
1427.0
1911.9
5724.4
885.6
498.1
1077.2
12283.5
1510.9
2079.1
6107.9
922.1
525.8
1137.7
13129.2
1599.5
2218.8
6532.1
1034.3
552.7
1191.7
14073.2
1689.4
2440.1
6988.0
1127.6
577.6
1250.3
14460.1
1749.6
2513.9
7203.9
1068.8
605.4
1318.5
14621.2
1855.3
2632.7
7258.1
852.3
637.6
1385.2
14345.7
1913.6
2466.7
6861.4
1015.7
668.8
1419.4
14915.2
1927.5
2545.9
7243.1
1039.9
704.5
1454.2
15587.5
1971.9
2766.5
7636.4
1025.1
719.7
1468.0
16261.6
2025.4
2906.4
8030.8
1090.3
716.7
1491.9
1
2
3
4
5
6
7
8
9
10
11
12
13
Net saving
Households and nonprofit institutions serving households
Nonfinancial corporate business
Financial business
Federal government
State and local government
264.5
410.8
273.2
105.5
-403.5
-121.4
318.3
413.2
312.7
100.5
-399.8
-108.4
355.5
242.7
411.7
73.1
-305.4
-66.6
516.5
336.9
386.5
60.6
-228.1
-39.4
242.4
317.2
313.1
-48.5
-266.7
-72.7
-81.5
551.3
296.7
-129.4
-635.1
-165.1
-296.6
670.7
382.1
172.3
-1249.8
-271.9
-126.6
634.2
598.6
207.4
-1329.5
-237.3
8.8
668.2
648.8
153.1
-1248.3
-213.1
129.3
687.4
647.8
156.5
-1109.7
-252.7
8
9
10
11
12
13
14
15
16
17
18
19
20
13.1
0.0
-0.1
0.0
41.1
-52.0
-2.2
1.4
-5.0
-6.7
16.2
39.3
-48.0
2.8
-21.9
-13.1
-15.5
27.7
60.3
-50.4
12.8
16.6
0.0
-0.0
0.0
43.2
-57.8
-2.0
6.8
0.0
-0.0
0.0
53.0
-59.3
-0.4
7.7
-3.3
-3.7
-60.5
117.6
-63.2
5.4
-28.4
-6.0
38.3
-121.9
186.3
-67.7
-0.6
-20.6
-7.8
20.9
-41.5
126.3
-76.7
-0.7
2.1
-1.6
-6.4
-32.4
113.8
-73.9
-1.6
-5.1
-4.9
-16.7
9.6
84.7
-74.1
6.6
14
15
16
17
18
19
20
21
22
23
24
25
26
27
2473.9
653.9
238.3
960.0
156.5
196.4
268.9
2701.3
765.9
260.3
1010.1
176.5
211.0
277.5
2981.2
865.0
289.2
1133.4
180.0
222.9
290.8
3166.0
860.1
305.0
1259.9
188.7
238.0
314.3
3201.5
736.1
313.5
1348.2
211.5
251.4
340.8
3091.4
580.4
307.5
1372.7
196.2
275.8
358.8
2672.7
468.1
248.8
1141.9
166.9
284.0
363.0
2691.1
452.4
243.1
1181.0
162.8
300.0
351.9
2828.3
456.7
258.5
1305.3
175.2
295.4
337.2
3028.1
498.1
278.7
1438.9
193.4
284.0
334.9
21
22
23
24
25
26
27
28
29
30
31
32
33
34
1727.2
290.8
183.6
818.0
130.0
170.3
134.5
1831.7
323.4
196.4
850.2
139.3
178.6
143.8
1982.0
362.1
214.4
909.9
148.9
189.4
157.3
2136.0
396.2
232.6
979.4
156.8
200.7
170.3
2264.4
413.7
245.6
1040.3
165.4
212.8
186.6
2363.4
414.6
254.5
1093.9
173.9
226.3
200.2
2368.4
403.3
253.0
1092.0
177.4
234.5
208.2
2381.6
400.5
251.8
1094.6
176.7
245.3
212.7
2452.6
402.9
256.8
1135.8
179.0
256.5
221.7
2542.9
409.9
264.5
1188.2
186.6
262.3
231.4
28
29
30
31
32
33
34
35
36
37
Change in inventories
Nonfinancial noncorporate business
Nonfinancial corporate business
19.3
1.0
18.3
63.9
10.0
53.9
59.6
3.2
56.4
67.0
0.6
66.3
34.5
1.2
33.3
-32.0
-0.4
-31.6
-147.6
-8.5
-139.0
61.5
-2.2
63.7
36.4
-2.7
39.1
66.1
-4.9
71.0
35
36
37
38
39
40
41
42
43
44
-503.6
43.1
-55.6
115.1
78.9
-469.8
-215.2
-612.4
-22.0
-68.9
107.4
47.1
-470.7
-205.4
-690.5
-229.3
-64.9
146.3
14.3
-397.3
-159.7
-582.5
-133.4
-73.0
26.1
28.8
-294.2
-136.6
-729.1
-0.8
-69.1
-28.5
-94.6
-354.9
-181.2
-772.2
388.8
-49.3
35.7
-91.2
-781.8
-274.3
-454.0
643.9
18.8
426.6
304.7
-1476.7
-371.4
-498.3
611.4
18.6
428.7
262.8
-1509.5
-310.3
-405.0
620.6
2.5
447.5
189.3
-1400.1
-264.8
-415.4
612.7
-4.3
343.2
140.2
-1214.8
-292.4
38
39
40
41
42
43
44
-12.1
515.7
-6.5
618.9
-33.8
724.3
-215.3
797.8
20.2
709.0
99.0
673.1
72.2
381.7
43.1
455.2
-53.6
458.6
-17.0
432.4
45
46
-453.1
93.8
-55.6
74.1
187.3
-530.9
-221.8
-327.6
222.5
-68.9
166.1
-15.4
-474.1
-157.8
-334.8
-206.9
-64.9
-19.9
356.2
-422.8
23.4
-460.5
-204.0
-73.0
-138.6
274.2
-310.4
-8.7
-288.9
247.2
-69.1
-206.5
198.7
-390.6
-68.6
-1364.3
861.4
-49.3
-943.3
-107.8
-789.0
-336.4
-498.3
830.6
18.8
551.0
-166.1
-1298.3
-434.2
-623.6
1143.4
18.6
145.5
-203.1
-1416.7
-311.2
-800.7
1358.2
2.5
-400.3
-76.2
-1355.5
-329.4
-103.7
996.7
-4.3
235.9
55.7
-1125.7
-261.8
47
48
49
50
51
52
53
54
531.1
535.4
713.8
807.4
617.6
736.6
230.9
437.9
550.5
446.3
54
55
56
57
58
59
60
61
531.6
66.3
131.9
-705.1
-94.4
338.6
15.4
1578.5
77.9
294.3
-386.1
-27.7
-698.5
-83.5
342.9
-65.3
327.3
45.2
-46.3
215.9
-10.4
306.9
9.4
644.3
-51.2
31.3
318.9
9.6
614.2
-36.8
756.8
0.7
10.8
221.5
-91.3
506.4
-303.3
-722.2
1326.6
87.8
-983.9
63.4
649.5
-71.4
173.1
-1154.3
122.4
362.3
-150.8
1338.2
190.1
414.9
-955.3
-21.5
39.9
-17.3
625.5
-51.9
-72.2
-198.2
47.0
-54.3
91.9
768.8
-18.8
525.7
-432.4
75.1
326.1
13.9
55
56
57
58
59
60
61
62
63
64
65
66
67
68
Holding gains/losses
Households and nonprofit institutions serving households
Nonfinancial noncorporate business
Nonfinancial corporate business
Financial business
Federal government
State and local government
Rest of the world
4471.4
509.0
-2468.9
111.9
47.7
120.5
-463.9
5098.5
1143.1
29.9
101.4
115.7
516.3
-371.0
5415.7
1171.8
51.4
126.5
115.3
478.9
-956.6
4165.7
429.5
-1450.6
-301.0
116.8
621.8
-514.9
-502.9
104.2
-312.9
1335.9
93.3
466.0
-949.0
-11623.1
-1160.3
4182.6
502.3
1.2
350.5
825.2
391.9
-1192.4
-5016.5
450.3
-157.9
-71.8
-1192.2
2441.0
484.3
-1378.0
135.1
18.5
197.3
-395.5
117.5
538.1
220.1
253.1
23.0
394.3
945.6
4638.3
697.1
-1453.1
-19.9
32.1
243.4
-303.8
62
63
64
65
66
67
68
45
46
47
48
49
50
51
52
53
Integrated Accounts
132
Integrated Accounts
69
70
71
72
73
74
75
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
5400.7
575.2
-2063.8
-487.8
-491.3
389.7
67.2
7088.8
1225.9
643.5
-200.5
-351.1
-242.6
164.4
6023.1
1119.6
805.9
217.1
-296.8
678.6
-242.8
4792.9
438.9
-419.7
-291.5
-123.3
959.1
292.5
421.7
67.4
757.0
1288.1
-215.6
674.2
-331.3
-10573.1
-1460.3
3760.8
1760.1
-663.6
-735.3
1561.8
1740.5
-1257.8
-4499.6
-409.7
-1471.6
86.4
-961.3
4434.0
682.1
-385.4
-571.3
-1458.8
76.6
42.4
1409.1
487.7
803.1
240.4
-1292.0
200.8
1496.1
6099.6
683.2
-262.8
-305.4
-1087.1
390.9
142.5
69
70
71
72
73
74
75
133
2004
2005
2006
2007
2008
2009
2010
2011
2012
1427.0
1510.9
1599.5
1689.4
1749.6
1855.3
1913.6
1927.5
1971.9
2025.4
290.8
323.4
362.1
396.2
413.7
414.6
403.3
400.5
402.9
409.9
1293.2
590.9
490.9
100.0
130.8
571.5
1335.9
616.8
516.0
100.8
135.1
584.0
1440.7
658.2
549.9
108.3
143.2
639.3
1510.3
686.6
566.1
120.5
152.4
671.3
1527.1
695.2
577.3
117.9
152.8
679.1
1569.0
717.5
596.6
120.8
154.2
697.4
1615.5
747.6
620.3
127.4
156.1
711.8
3
4
5
6
7
8
Current account
1
3
4
5
6
7
8
1136.3
517.7
432.5
85.2
108.8
509.7
1187.5
545.6
452.2
93.4
114.7
527.2
1237.5
563.4
466.2
97.1
120.7
553.4
9
10
11
12
13
14
15
16
17
18
19
8718.5
509.7
6365.4
5138.8
1226.6
2389.8
989.5
1400.3
432.3
968.1
546.5
9245.7
527.2
6740.5
5422.9
1317.6
2537.5
942.9
1594.5
562.1
1032.5
559.5
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
8718.5
1000.9
1316.6
779.3
26.3
106.1
9245.7
1046.0
1399.9
829.2
16.8
116.3
20
21
22
23
24
25
26
8175.2
8671.0
9033.0
9634.4 10061.7
26
27
7764.4
8257.8
8790.3
9297.5
9744.4
10005.5
27
28
410.8
413.2
242.7
336.9
317.2
551.3
670.7
634.2
668.2
687.4
28
Capital account
29
30
31
397.7
410.8
13.1
411.9
413.2
1.4
264.6
242.7
-21.9
320.3
336.9
16.6
310.4
317.2
6.8
543.7
551.3
7.7
699.1
670.7
-28.4
654.8
634.2
-20.6
666.1
668.2
2.1
692.5
687.4
-5.1
29
30
31
32
33
34
35
36
37
354.6
653.9
541.9
112.0
290.8
-8.5
433.8
765.9
643.8
122.1
323.4
-8.7
493.8
865.0
738.9
126.1
362.1
-9.1
453.8
860.1
722.7
137.4
396.2
-10.1
311.2
736.1
582.3
153.9
413.7
-11.2
154.9
580.4
425.3
155.1
414.6
-11.0
55.2
468.1
321.0
147.1
403.3
-9.7
43.4
452.4
318.3
134.1
400.5
-8.5
45.5
456.7
317.1
139.6
402.9
-8.3
79.8
498.1
354.3
143.8
409.9
-8.4
32
33
34
35
36
37
38
43.1
-22.0
-229.3
-133.4
-0.8
388.8
643.9
611.4
620.6
612.7
38
43.1
-22.0
-229.3
-133.4
-0.8
388.8
643.9
611.4
620.6
612.7
39
1126.9
1374.2
960.4
1040.0
1177.1
739.9
648.7
892.9
1146.1
1090.7
40
269.9
-31.2
299.0
2.2
0.0
389.4
-58.2
442.2
5.4
0.0
370.2
-113.9
481.6
2.4
0.0
451.9
-40.0
486.7
5.2
0.0
419.3
-75.4
479.4
15.4
0.0
408.7
176.7
255.6
-23.7
0.0
205.0
105.7
106.0
-6.6
0.0
194.3
35.9
159.0
-0.6
0.0
697.8
328.8
371.8
-2.8
0.0
501.8
82.8
420.8
-1.8
0.0
41
42
43
44
45
40.2
-4.9
22.1
133.5
15.8
-126.2
244.7
6.4
-10.6
109.8
118.5
20.5
168.2
14.7
-121.2
153.3
77.8
43.5
90.7
19.0
-103.2
-29.7
34.7
169.8
525.3
-10.2
-36.4
331.9
37.9
202.0
168.9
-101.3
146.2
239.4
47.4
-162.7
61.8
16.7
534.1
-671.2
107.1
75.1
41.3
-1.5
320.9
-2.6
43.7
-319.2
-151.1
-1.8
-222.4
5.6
-64.8
132.3
58.9
-0.3
232.0
-118.8
-152.1
98.2
46
47
48
49
50
51
68.0
63.0
5.0
116.2
105.8
10.4
7.8
-0.3
8.1
73.9
91.1
-17.3
214.6
227.6
-13.0
-103.5
-104.5
1.1
-88.1
-85.1
-3.0
2.3
14.6
-12.4
51.8
51.4
0.4
-0.8
13.8
-14.6
52
53
54
39
40
41
42
43
44
45
46
47
48
49
50
51
Debt securities
Open market paper
Treasury securities
Agency- and GSE-backed securities (2)
Municipal securities
Corporate and foreign bonds
52
53
54
Loans
Short term
Long term (mortgages)
Integrated Accounts
Financial account
134
55
56
57
58
59
60
61
62
63
64
65
66
67
2003
2004
2005
2006
98.1
-109.9
259.7
-113.9
62.2
0.0
-91.9
-282.0
165.9
-56.1
80.2
0.0
-243.5
-422.8
176.7
44.4
-41.8
0.0
-259.4
-648.7
167.4
218.1
3.7
0.0
650.8
22.9
68.5
525.9
13.9
19.6
715.7
23.6
33.1
630.2
11.4
17.4
657.8
25.6
15.1
584.6
9.5
23.0
1033.1
1151.7
13.8
14.7
1013.6
135.3
105.9
-3.4
-1.5
34.3
878.3
2007
2008
2009
2010
2011
2012
-662.8
-1104.0
234.4
239.9
-33.0
0.0
-390.9
-301.2
-37.8
235.1
-287.0
0.0
-8.9
-5.7
334.1
-268.6
-69.9
1.2
48.5
-186.8
227.7
-183.5
187.1
4.0
-81.9
-213.1
218.7
-35.0
-53.2
0.7
61.2
-325.0
373.6
16.5
-3.8
0.0
55
56
57
58
59
60
682.9
4.6
57.8
587.7
14.8
18.1
680.7
6.7
18.2
596.4
15.5
43.9
656.7
11.0
59.9
541.7
17.6
26.5
478.9
8.7
24.6
420.6
8.4
16.6
606.5
-35.2
6.2
595.9
17.1
22.5
629.4
36.7
73.9
485.5
14.8
18.5
469.5
-16.7
-26.6
501.2
-1.8
13.3
61
62
63
64
65
66
1167.3
1243.9
930.0
-121.5
-181.8
-250.5
-212.1
94.0
67
15.1
16.4
21.1
9.3
5.9
-2.2
-7.8
-14.5
68
1119.1
179.4
117.2
-19.6
0.3
81.5
939.6
1138.1
77.1
100.4
8.2
0.0
-31.6
1061.0
1213.5
198.4
121.9
12.0
4.8
59.7
1015.1
893.2
178.7
151.3
-9.1
3.2
33.4
714.5
-156.2
-115.0
34.8
4.6
6.2
-160.7
-41.2
-198.9
-32.1
-103.7
33.0
0.5
38.1
-166.8
-272.3
104.7
-25.3
52.4
2.4
75.2
-377.0
-217.9
17.6
108.9
-53.9
1.9
-39.3
-235.5
106.3
347.0
169.4
111.5
1.2
64.9
-240.7
69
70
71
72
73
74
75
68
69
70
71
72
73
74
75
Loans
Short term
Consumer credit
Depository institution loans n.e.c.
Other loans and advances
Security credit
Long term (mortgages)
76
0.9
1.6
1.0
0.5
1.0
3.2
-4.9
2.7
-0.4
0.6
76
77
4.8
16.5
13.0
13.6
14.6
22.2
16.0
21.4
14.0
1.5
77
93.8
222.5
-206.9
-204.0
247.2
861.4
830.6
1143.4
1358.2
996.7
78
531.6
239.7
0.0
241.2
-50.7
1578.5
254.8
-12.0
1091.2
-244.5
342.9
252.4
-50.4
118.5
-22.4
306.9
239.6
0.0
137.8
70.5
614.2
231.1
0.0
135.1
-247.9
506.4
134.6
-8.3
-92.5
-472.7
649.5
50.3
0.0
412.5
-186.7
1338.2
86.9
0.0
719.3
-532.0
625.5
121.9
0.0
-233.9
-737.6
768.8
160.4
-20.9
245.3
-384.0
79
80
81
82
83
78
Addendum:
Net lending (+) or borrowing (-), financial account (lines 40-67)
79
80
81
82
83
Revaluation account
84
85
86
87
88
Nonfinancial assets
Real estate
Consumer durable goods
Equipment
Intellectual property products
1273.0
1359.6
-88.0
-0.3
1.6
2402.7
2435.1
-34.5
1.1
1.0
2845.5
2887.0
-44.1
0.4
2.1
354.7
398.6
-46.9
1.5
1.5
-1920.6
-1867.7
-55.6
0.1
2.6
-3679.8 -1236.1
-3652.9 -1195.1
-32.0
-40.8
3.9
-0.5
1.2
0.3
-469.0
-383.7
-88.3
1.4
1.5
-219.6
-241.8
17.9
2.0
2.3
1523.7
1558.7
-38.8
0.6
3.2
84
85
86
87
88
89
90
91
92
93
94
Financial assets
Corporate equities
Mutual fund shares
Equity in noncorporate business
Equity investment under Public-Private Inv. Program
Insurance, pension and standardized guarantee schemes
3198.4
1723.2
427.2
521.0
0.0
527.0
2695.8
1003.5
328.0
1150.5
0.0
213.8
2570.2
1076.8
45.0
1186.4
0.0
262.0
3810.9
2824.5
380.9
433.2
0.0
172.4
1417.7
929.4
274.6
103.4
0.0
110.4
-7943.4 1628.0
-3889.9 1570.4
-1334.6
471.1
-1170.8 -1183.8
0.0
-0.3
-1548.1
770.7
2910.0
1691.6
250.5
492.2
-1.0
476.8
337.1
191.3
-273.3
538.1
-0.2
-118.8
3114.6
1612.8
346.7
701.0
-0.1
454.2
89
90
91
92
93
94
4471.4
5098.5
5415.7
4165.7
-502.9 -11623.1
391.9
2441.0
117.5
4638.3
95
5400.7
7088.8
6023.1
4792.9
421.7 -10573.1
1740.5
4434.0
1409.1
6099.6
96
97
95
96
Integrated Accounts
97
98
99
100
101
102
Total assets
Nonfinancial assets
Real estate
Consumer durable goods
Equipment
Intellectual property products
135
103
Financial assets
2004
2005
2006
2007
2008
2009
2010
2011
2012
104
105
106
107
108
4534.8
458.0
52.1
4024.8
0.0
4949.7
399.8
57.5
4492.4
0.0
5319.9
285.8
59.9
4974.1
0.0
5798.0
239.6
65.2
5493.2
0.0
6217.4
153.2
80.5
5983.6
0.0
6591.1
294.9
56.9
6239.3
0.0
6781.6
400.6
50.2
6330.8
0.0
6930.8
425.2
49.7
6455.9
0.0
7628.6
754.0
46.9
6827.7
0.0
8074.8
826.4
45.1
7203.3
0.0
104
105
106
107
108
109
110
111
112
113
114
Debt securities
Open market paper
Treasury securities
Agency- and GSE-backed securities (2)
Municipal securities
Corporate and foreign bonds
2734.2
77.3
417.9
384.8
687.2
1166.9
3776.9
83.7
474.2
432.9
1522.9
1263.2
4054.2
98.4
427.4
582.9
1600.7
1344.9
4202.8
117.5
328.1
610.8
1635.6
1510.9
4821.7
107.3
206.7
872.7
1673.6
1961.5
4922.4
6.0
187.9
1058.9
1720.9
1948.7
5380.5
22.7
858.8
359.3
1828.0
2311.8
5674.1
21.1
1131.8
355.6
1871.8
2293.8
5296.0
19.4
719.3
323.1
1806.9
2427.3
5471.3
19.0
961.9
194.7
1654.8
2640.9
109
110
111
112
113
114
115
116
117
Loans
Short term
Long term (mortgages)
600.1
478.5
121.6
716.3
584.3
132.0
724.1
584.0
140.1
866.8
744.0
122.9
1081.4
971.6
109.9
977.9
867.0
110.9
892.2
784.2
108.0
894.4
798.8
95.6
946.3
850.2
96.0
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
Loans
Short term
Consumer credit
Depository institution loans n.e.c.
Other loans and advances
Security credit
Long term (mortgages)
140
141
142
Net worth
177.7
197.6
212.7
229.1
250.2
259.5
265.4
263.2
255.5
945.5 115
864.0 116
81.5 117
241.0 132
20.9
22.5
22.4
22.8
23.9
27.0
22.1
24.7
24.3
24.9 140
156.8
173.3
186.3
199.9
214.5
236.7
252.7
274.1
288.2
289.7 141
Integrated Accounts
(1) Consists of rental income of tenant-occupied housing and proprietors income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;
they primarily cover their operating costs through sales, and they keep a complete set of financial records.
(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,
the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.
(3) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
(4) Includes variable annuities, including those in IRAs, at life insurance companies.
(5) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy
reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.
NPISHs Nonprofit institutions serving households
n.e.c. Not elsewhere classified
136
2004
2005
2006
2007
2008
2009
2010
2011
2012
1911.9
2079.1
2218.8
2440.1
2513.9
2632.7
2466.7
2545.9
2766.5
2906.4
183.6
196.4
214.4
232.6
245.6
254.5
253.0
251.8
256.8
264.5
Current account
1
3
4
5
6
7
8
1728.3
532.2
447.5
84.8
111.4
1084.6
1882.7
599.1
503.5
95.6
125.4
1158.3
2004.4
664.7
557.9
106.8
130.2
1209.4
2207.5
747.4
631.2
116.3
147.0
1313.0
2268.3
827.5
701.8
125.7
157.6
1283.2
2378.3
843.4
712.1
131.3
157.9
1377.1
2213.6
805.4
675.0
130.4
145.4
1262.8
2294.1
816.2
684.6
131.6
150.7
1327.2
2509.7
851.4
716.7
134.6
157.8
1500.5
2641.9
895.2
754.5
140.7
162.7
1584.0
3
4
5
6
7
8
9
10
11
12
13
14
15
16
19.8
1084.6
16.7
1081.5
163.5
917.9
0.0
0.0
20.1
1158.3
17.3
1155.5
170.3
985.1
0.1
0.0
21.8
1209.4
18.1
1205.7
198.8
1006.8
0.1
0.0
22.7
1313.0
19.1
1309.5
227.6
1081.8
0.1
0.0
19.8
1283.2
17.7
1281.1
254.2
1026.8
0.1
0.0
15.3
1377.1
13.6
1375.4
263.1
1112.2
0.1
0.0
21.3
1262.8
9.4
1251.0
242.7
1008.3
0.0
0.0
23.1
1327.2
8.4
1312.6
237.9
1074.5
0.1
0.0
25.2
1500.5
1.2
1476.5
227.4
1249.0
0.2
0.0
26.5
1584.0
5.0
1562.5
226.0
1336.2
0.2
0.0
9
10
11
12
13
14
15
16
17
18
19.8
19.8
20.1
20.1
21.8
21.8
22.7
22.7
19.8
19.8
15.3
15.3
21.3
21.3
23.1
23.1
25.2
25.2
26.5
26.5
17
18
19
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
19
20
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
20
0.0
0.0
0.0
5.0
0.0
-5.0
13.1
0.0
-13.1
0.0
0.0
0.0
0.0
0.0
0.0
3.3
0.0
-3.3
6.0
0.0
-6.0
7.8
0.0
-7.8
1.6
0.0
-1.6
4.9
0.0
-4.9
21
22
23
Capital account
21
22
23
24
25
26
27
28
29
55.6
238.3
150.1
88.1
183.6
1.0
73.9
260.3
162.2
98.1
196.4
10.0
78.0
289.2
180.5
108.7
214.4
3.2
73.0
305.0
198.9
106.2
232.6
0.6
69.1
313.5
215.0
98.5
245.6
1.2
52.6
307.5
223.8
83.7
254.5
-0.4
-12.8
248.8
182.9
65.8
253.0
-8.5
-10.8
243.1
184.9
58.3
251.8
-2.2
-0.9
258.5
199.1
59.5
256.8
-2.7
9.3
278.7
212.5
66.2
264.5
-4.9
24
25
26
27
28
29
30
-55.6
-68.9
-64.9
-73.0
-69.1
-49.3
18.8
18.6
2.5
-4.3
30
-55.6
-68.9
-64.9
-73.0
-69.1
-49.3
18.8
18.6
2.5
-4.3
31
80.5
370.8
437.2
519.8
479.4
97.2
-117.0
151.7
16.7
74.9
32
Integrated Accounts
Financial account
31
32
33
34
35
50.8
6.1
44.7
93.7
106.9
-13.2
100.1
76.6
23.5
94.9
74.6
20.3
81.8
66.9
14.9
2.5
3.8
-1.2
10.1
14.9
-4.8
0.1
-2.8
2.9
1.5
-2.3
3.9
20.0
14.8
5.2
33
34
35
36
37
38
Debt securities
Treasury securities
Municipal securities
1.4
2.1
-0.7
7.0
5.3
1.7
6.1
6.0
0.1
1.5
0.2
1.3
2.5
3.0
-0.5
-7.9
-7.5
-0.4
-5.5
-5.7
0.2
2.5
1.9
0.5
0.6
0.5
0.1
0.8
0.7
0.1
36
37
38
39
40
41
Loans
Short term (consumer credit)
Long term (mortgages)
0.1
0.0
0.1
4.6
0.0
4.6
5.3
0.0
5.3
-1.5
0.0
-1.5
7.4
0.0
7.4
-3.0
0.0
-3.0
-1.2
0.0
-1.2
4.2
0.0
4.2
0.5
0.0
0.5
0.6
0.0
0.6
39
40
41
42
43
44
2.9
2.3
0.6
3.0
2.9
0.0
2.4
2.4
-0.1
3.3
3.2
0.2
2.9
2.2
0.7
2.2
1.0
1.2
-1.7
-1.7
-0.0
3.5
3.1
0.4
1.1
0.8
0.3
1.3
1.1
0.2
42
43
44
45
46
47
48
49
50
51
52
53
54
4.7
4.6
5.5
4.4
3.7
3.4
-9.8
29.7
-11.6
15.1
45
20.6
-25.1
45.8
258.1
26.6
231.4
317.8
66.6
251.2
417.2
40.0
377.2
381.1
54.7
326.4
100.0
-3.0
102.9
-109.0
-26.3
-82.7
111.8
37.0
74.7
24.6
5.8
18.8
37.3
7.8
29.5
46
47
48
136.1
439.7
502.1
592.8
548.5
146.6
-135.8
133.1
14.2
79.3
49
73.9
9.7
10.4
-0.6
64.1
254.7
34.1
32.9
1.2
220.6
341.6
164.2
157.8
6.3
177.4
415.2
132.0
115.2
16.8
283.2
461.6
154.5
140.8
13.7
307.1
318.7
131.8
119.5
12.3
186.9
-108.7
-107.3
-102.0
-5.3
-1.4
-32.1
-15.7
-20.3
4.7
-16.5
22.1
57.3
56.7
0.6
-35.2
76.5
97.1
87.8
9.3
-20.6
50
51
52
53
54
137
55
56
57
58
59
60
61
62
Addendum:
Net lending (+) or borrowing (-), financial account (lines 32-49)
2004
2005
2006
2007
2008
2009
2010
2011
2012
65.5
65.6
-0.1
84.2
84.4
-0.2
-40.5
-40.6
0.1
9.7
10.6
-0.9
-36.8
-36.6
-0.2
-298.9
-298.7
-0.2
-70.3
-70.4
0.1
186.6
186.2
0.3
-51.3
-51.5
0.1
-9.7
-10.3
0.6
55
56
57
-3.3
-26.2
-0.5
23.4
100.8
23.7
8.4
68.8
201.0
49.6
8.7
142.7
168.0
14.4
9.0
144.6
123.7
26.0
3.8
93.9
126.7
5.7
6.7
114.3
43.2
16.8
-6.3
32.6
-21.4
30.3
-0.7
-50.9
43.4
7.9
1.2
34.4
12.4
1.7
1.5
9.2
58
59
60
61
-55.6
-68.9
-64.9
-73.0
-69.1
-49.3
18.8
18.6
2.5
-4.3
62
66.3
0.0
66.3
77.9
-6.6
84.5
-65.3
-24.5
-40.8
9.4
0.0
9.4
-36.8
0.0
-36.8
-303.3
-4.4
-298.9
-71.4
0.0
-71.4
190.1
-2.1
192.2
-51.9
0.0
-51.9
-18.8
-8.6
-10.2
63
64
65
509.0
493.4
376.9
116.5
1.8
-1.4
3.2
1.6
12.1
1143.1
1128.9
668.3
460.6
13.1
-0.5
13.5
1.1
0.0
1171.8
1150.1
807.6
342.5
10.3
1.1
9.2
2.6
8.8
429.5
409.3
77.1
332.2
14.0
0.7
13.3
2.7
3.6
104.2
70.3
-379.7
450.0
8.1
-0.5
8.6
2.8
23.1
-1160.3
-1176.5
-810.4
-366.1
22.1
0.1
21.9
1.5
-7.3
-1192.4
-1187.5
-477.7
-709.8
3.4
-2.7
6.1
0.2
-8.6
484.3
437.5
156.8
280.7
8.6
-2.3
10.9
2.0
36.2
538.1
487.7
188.7
299.0
16.9
1.3
15.6
2.4
31.1
697.1
670.8
397.8
273.0
12.3
1.0
11.2
4.6
9.3
66
67
68
69
70
71
72
73
74
509.0
1143.1
1171.8
429.5
104.2
-1160.3
-1192.4
484.3
538.1
697.1
75
575.2
1225.9
1119.6
438.9
67.4
-1460.3
-1257.8
682.1
487.7
683.2
76
Revaluation account
66
67
68
69
70
71
72
73
74
75
Nonfinancial assets
Real estate
Residential
Nonresidential
Equipment
Residential
Nonresidential
Intellectual property products
Inventories
Changes in net worth due to nominal holding gains/losses
77
9350.2
10931.3
12593.8
13616.2
14268.9
13254.1
11931.9
12554.9
13108.8
13881.4
77
78
79
80
81
82
83
84
85
86
Total assets
Nonfinancial assets
Real estate
Residential (4)
Nonresidential
Equipment
Residential
Nonresidential
Intellectual property products
Inventories
7561.5
6754.3
4304.1
2450.2
489.9
37.0
452.9
121.1
196.2
8771.9
7914.9
4999.9
2915.0
521.0
38.5
482.5
129.7
206.2
9997.2
9082.1
5822.6
3259.4
555.8
41.7
514.0
141.2
218.2
10499.8
9529.5
5927.9
3601.7
595.8
44.4
551.4
152.0
222.4
10673.1
9636.6
5566.5
4070.0
627.3
45.5
581.8
162.4
246.8
9561.0
8487.6
4757.0
3730.6
663.3
46.6
616.8
171.0
239.0
8355.8
7301.0
4269.3
3031.8
657.1
44.0
613.1
175.8
221.9
8827.2
7720.8
4409.1
3311.7
667.4
42.2
625.2
183.0
256.0
9364.3
8195.2
4583.2
3612.0
693.7
43.7
650.0
191.0
284.4
10062.0
8858.5
4966.2
3892.4
712.9
44.1
668.8
201.8
288.8
78
79
80
81
82
83
84
85
86
87
Financial assets
1788.6
2159.4
2596.7
3116.5
3595.9
3693.1
3576.1
3727.8
3744.5
3819.4
87
504.4
190.6
313.8
598.1
297.5
300.6
698.2
374.1
324.1
793.2
448.8
344.4
875.0
515.6
359.3
877.5
519.4
358.1
887.6
534.3
353.3
887.7
531.5
356.2
889.3
529.1
360.1
909.2
543.9
365.3
88
89
90
88
89
90
91
92
93
Debt securities
Treasury securities
Municipal securities
47.6
44.9
2.7
54.5
50.2
4.3
60.6
56.2
4.4
62.1
56.3
5.8
64.6
59.3
5.3
56.7
51.8
4.9
51.2
46.1
5.1
53.7
48.1
5.6
54.3
48.6
5.7
55.1
49.3
5.8
91
92
93
94
95
96
Loans
Short term (consumer credit)
Long term (mortgages)
26.3
0.0
26.3
30.8
0.0
30.8
36.2
0.0
36.2
34.6
0.0
34.6
42.1
0.0
42.1
39.1
0.0
39.1
37.9
0.0
37.9
42.1
0.0
42.1
42.5
0.0
42.5
43.1
0.0
43.1
94
95
96
97
98
99
67.8
63.6
4.2
70.7
66.5
4.2
73.1
69.0
4.1
76.4
72.2
4.3
79.3
74.3
5.0
81.7
75.4
6.4
80.0
73.7
6.3
83.5
76.8
6.7
84.7
77.7
7.0
85.9
78.8
7.2
97
98
99
100
101
102
103
89.2
93.7
99.2
103.6
107.3
111.5
101.7
131.4
119.8
134.9 100
1053.4
337.7
715.7
1311.5
364.3
947.1
1629.3
430.9
1198.4
2046.5
470.9
1575.6
2427.6
525.6
1902.0
2526.6
522.7
2003.9
2417.6
496.3
1921.3
2529.4
533.4
1996.0
2553.9
539.2
2014.8
2591.2 101
546.9 102
2044.3 103
Integrated Accounts
138
104
105
106
107
108
109
110
Loans
Short term
Depository institution loans n.e.c.
Other loans and advances
Long term (mortgages)
111
112
113
114
115
116
Net worth
2003
2004
2005
2006
2007
2008
2009
2010
2011
9350.2
10931.3
12593.8
13616.2
14268.9
13254.1
11931.9
12554.9
13108.8
13881.4 104
3282.0
3637.2
4180.2
4763.6
5348.9
5794.4
5730.0
5670.9
5737.0
5826.5 105
2301.5
606.8
479.7
127.1
1694.7
2556.1
640.9
512.6
128.3
1915.3
2897.7
805.0
670.4
134.6
2092.7
3312.9
937.1
785.7
151.4
2375.9
3774.5
1091.5
926.5
165.0
2683.0
4093.2
1223.4
1046.1
177.3
2869.9
3984.5
1116.1
944.0
172.0
2868.5
3946.3
1094.3
923.7
170.6
2852.0
3968.5
1151.6
980.4
171.2
2816.8
4047.4
1251.2
1070.6
180.6
2796.2
3.3
3.0
3.3
3.6
3.6
3.7
4.8
5.3
5.9
977.3
261.2
69.7
646.5
1078.1
284.9
78.0
715.2
1279.1
334.5
86.7
857.9
1447.1
348.9
95.7
1002.5
1570.8
374.9
99.5
1096.4
1697.5
380.6
106.2
1210.7
1740.7
397.4
99.9
1243.3
1719.3
427.7
99.2
1192.4
1762.7
435.5
100.3
1226.8
1772.7
434.8
101.9
1236.1
6068.1
7294.1
8413.7
8852.6
8920.0
7459.7
6201.9
6884.0
7371.8
8055.0 116
Integrated Accounts
Notes. Nonfinancial noncorporate business includes noncorporate farms that are excluded from the nonfinancial noncorporate business sector in the Flow of Funds Accounts.
Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.
(1) Consists of rental income of tenant-occupied housing and proprietors income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;
they primarily cover their operating costs through sales, and they keep a complete set of financial records.
(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,
the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.
(3) Net equity in reserves of property-casualty insurance companies.
(4) Farm houses are included in the household sector.
n.e.c. Not elsewhere classified
2012
106
107
108
109
110
6.4 111
112
113
114
115
139
2004
2005
2006
2007
2008
2009
2010
2011
2012
5724.4
6107.9
6532.1
6988.0
7203.9
7258.1
6861.4
7243.1
7636.4
8030.8
818.0
850.2
909.9
979.4
1040.3
1093.9
1092.0
1094.6
1135.8
1188.2
4906.5
3595.7
2962.2
633.4
495.8
815.1
5257.7
3762.8
3099.9
662.9
530.9
964.1
5622.2
3930.3
3238.0
692.3
573.2
1118.7
6008.7
4129.3
3420.9
708.5
610.1
1269.3
6163.6
4305.3
3572.1
733.3
632.5
1225.8
6164.2
4358.0
3619.5
738.5
632.7
1173.5
5769.4
4088.4
3377.5
710.9
605.9
1075.1
6148.6
4168.0
3446.1
721.9
633.0
1347.6
6500.6
4374.3
3624.7
749.6
664.2
1462.1
6842.7
4600.8
3824.8
776.0
685.3
1556.5
3
4
5
6
7
8
Current account
1
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
467.9
815.1
420.2
236.4
55.8
128.0
767.4
391.6
349.2
12.0
14.7
561.7
964.1
480.6
251.9
66.3
162.4
883.0
394.6
430.8
40.5
17.1
757.8
1118.7
614.6
296.9
300.3
17.4
975.6
451.0
471.1
34.0
19.4
764.6
1269.3
644.1
357.6
79.7
206.9
1148.8
521.1
550.7
56.6
20.3
669.1
1225.8
687.4
379.4
92.3
215.7
1244.1
605.7
576.9
38.9
22.6
575.9
1173.5
626.9
302.8
108.0
216.1
1224.6
584.5
582.2
32.1
25.9
633.3
1075.1
565.0
214.6
138.7
211.7
1006.8
480.0
490.4
18.1
18.2
902.4
1347.6
580.3
177.5
134.4
268.3
1025.4
444.5
509.9
51.8
19.2
960.4
1462.1
568.2
180.0
96.8
291.5
1069.9
445.6
537.0
65.7
21.6
997.2
1556.5
577.2
177.8
98.7
300.8
1136.5
451.8
577.4
85.8
21.5
9
10
11
12
13
14
15
16
17
18
19
20
21
22
467.9
132.9
61.8
561.7
187.0
62.0
757.8
271.9
74.2
764.6
307.7
70.4
669.1
293.8
62.2
575.9
227.4
51.7
633.3
177.8
73.4
902.4
220.6
83.2
960.4
222.3
89.3
997.2
256.9
92.5
20
21
22
23
273.2
312.7
411.7
386.5
313.1
296.7
382.1
598.6
648.8
647.8
23
24
273.2
312.7
411.7
386.5
313.1
296.7
382.1
598.6
648.8
647.8
24
25
26
27
273.3
273.2
-0.1
319.3
312.7
-6.7
427.2
411.7
-15.5
386.5
386.5
-0.0
313.1
313.1
-0.0
300.4
296.7
-3.7
343.8
382.1
38.3
577.7
598.6
20.9
655.2
648.8
-6.4
664.5
647.8
-16.7
25
26
27
28
158.2
211.9
280.9
360.4
341.6
264.7
-82.8
149.0
207.7
321.3
28
29
30
31
32
960.0
818.0
-2.1
18.3
1010.1
850.2
-1.8
53.9
1133.4
909.9
1.0
56.4
1259.9
979.4
13.6
66.3
1348.2
1040.3
0.4
33.3
1372.7
1093.9
17.6
-31.6
1141.9
1092.0
6.3
-139.0
1181.0
1094.6
-1.1
63.7
1305.3
1135.8
-0.9
39.1
1438.9
1188.2
-0.4
71.0
29
30
31
32
33
115.1
107.4
146.3
26.1
-28.5
35.7
426.6
428.7
447.5
343.2
33
115.1
107.4
146.3
26.1
-28.5
35.7
426.6
428.7
447.5
343.2
34
Capital account
34
35
87.6
780.2
945.7
700.7
1074.6
-604.2
302.4
633.2
494.1
910.4
35
133.0
44.0
71.5
17.6
56.2
3.0
37.7
15.6
120.6
60.8
49.9
9.9
-84.8
-117.2
46.6
-14.2
-62.3
-7.6
-55.7
0.9
-214.0
-59.0
-129.4
-25.5
254.5
70.7
176.9
6.8
148.7
79.7
59.9
9.1
37.1
29.7
13.2
-5.8
95.9
92.7
24.7
-21.5
36
37
38
39
10.8
10.9
2.3
-5.7
3.3
16.2
19.3
0.3
0.1
-3.6
40.4
16.0
18.1
6.0
0.3
-1.2
11.7
-6.7
-2.2
-4.0
-61.7
-53.2
-7.1
-2.4
1.1
-25.7
-12.2
-7.9
-2.6
-3.0
16.3
-1.3
12.5
4.2
0.9
15.6
12.0
5.1
1.7
-3.2
-8.5
-0.1
-5.1
-1.7
-1.6
9.2
-7.5
7.2
-2.6
12.2
40
41
42
43
44
Loans
Short term (security repos and consumer credit)
Long term (mortgages)
-13.7
-15.9
2.2
15.4
0.6
14.8
10.2
8.5
1.7
-12.5
-4.1
-8.4
-21.7
-3.2
-18.4
-9.8
-2.1
-7.7
-5.6
-1.5
-4.1
-8.7
-7.1
-1.6
2.2
2.8
-0.6
-2.8
-2.2
-0.6
45
46
47
48
49
50
51
52
53
103.3
-30.4
5.8
125.3
0.1
2.6
284.1
10.3
-1.3
272.4
0.1
2.6
142.5
52.7
0.7
24.7
0.0
64.4
334.9
69.1
23.6
219.2
0.1
22.9
374.6
127.2
-4.9
307.0
0.1
-54.8
423.5
178.5
-16.5
262.6
-0.1
-1.1
224.3
-71.4
35.3
269.7
0.0
-9.3
183.6
-157.7
11.1
303.3
0.1
26.7
359.9
-35.4
-12.8
399.8
-0.0
8.4
362.0
-4.1
0.7
365.8
0.0
-0.4
48
49
50
51
52
53
54
19.1
19.7
21.3
7.6
8.3
11.0
-4.0
11.9
10.0
7.4
54
36
37
38
39
40
41
42
43
44
Debt securities
Open market paper
Treasury securities
Agency- and GSE-backed securities (1)
Municipal securities
45
46
47
Integrated Accounts
Financial account
140
55
56
57
58
2004
2005
2006
2007
2008
2009
2010
2011
2012
-164.9
-17.7
-147.1
388.6
128.8
259.8
610.8
277.6
333.2
456.6
-15.2
471.9
837.3
159.8
677.5
-789.2
-169.5
-619.7
-183.1
-31.1
-152.0
282.2
105.7
176.5
93.4
83.4
10.0
438.6
83.5
355.1
55
56
57
13.5
614.2
965.6
839.3
1281.1
339.1
-248.5
487.8
894.4
674.5
58
59
60
61
62
Debt securities
Open market paper
Municipal securities
Corporate bonds
124.4
-37.3
3.3
158.4
119.5
15.3
10.6
93.6
97.6
-7.7
41.9
63.5
294.5
22.4
53.3
218.8
402.6
11.3
68.4
323.0
299.1
7.7
66.0
225.4
375.8
-73.1
37.2
411.7
496.3
24.5
33.2
438.6
452.7
33.4
8.5
410.8
608.8
14.0
15.2
579.6
59
60
61
62
63
64
65
66
67
Loans
Short term
Depository institution loans n.e.c.
Other loans and advances
Long term (mortgages)
-36.0
-84.0
-91.4
7.3
48.0
129.8
55.1
4.0
51.1
74.7
274.2
83.1
-27.1
110.2
191.1
237.9
150.0
22.1
127.9
87.9
453.0
383.9
96.3
287.6
69.1
72.1
132.1
64.2
67.9
-60.0
-522.9
-394.8
-234.0
-160.8
-128.1
-292.0
-173.9
-83.5
-90.4
-118.1
72.2
129.1
68.9
60.2
-56.9
35.1
44.6
78.3
-33.7
-9.5
63
64
65
66
67
68
69
70
0.4
-39.6
40.0
-26.7
-122.7
96.0
-243.1
-341.8
98.7
-373.7
-565.7
192.0
-574.7
-786.8
212.1
-144.8
-334.3
189.6
42.5
-62.1
104.6
-120.4
-277.4
157.0
-277.0
-472.2
195.2
-234.4
-399.5
165.1
68
69
70
71
72
73
56.3
-0.2
56.5
77.8
-3.1
81.0
90.7
-1.9
92.6
146.1
-2.0
148.1
-1.0
4.5
-5.6
137.8
14.7
123.0
74.3
-8.4
82.7
0.6
15.4
-14.9
-9.6
3.0
-12.5
48.1
-2.0
50.1
71
72
73
74
75
76
77
-131.6
-54.7
-11.7
-65.1
313.7
97.7
6.8
209.3
746.1
199.0
-1.8
548.8
534.4
109.0
-0.8
426.2
1001.2
85.1
-49.6
965.7
-25.2
-225.2
3.1
196.9
-218.2
-82.6
-3.3
-132.4
403.2
156.3
7.2
239.7
656.0
25.2
8.8
622.0
216.8
118.4
6.6
91.8
74
75
76
77
74.1
166.1
-19.9
-138.6
-206.5
-943.3
551.0
145.5
-400.3
235.9
78
131.9
0.0
163.3
40.9
-9.6
294.3
-9.2
205.3
-58.6
-39.5
327.3
-22.7
484.0
166.2
-32.1
644.3
0.0
773.4
164.7
-35.7
756.8
0.0
895.2
178.0
-39.5
-722.2
-5.8
225.6
979.0
-37.0
173.1
0.0
55.4
-124.3
6.7
414.9
0.0
657.1
283.2
-41.0
-72.2
0.0
719.5
847.8
-56.0
525.7
-6.9
630.0
107.3
-10.0
79
80
81
82
83
187.0
164.7
-20.1
22.0
20.4
1318.6
1197.8
71.0
11.8
38.0
937.7
811.5
53.0
29.3
43.9
981.1
873.2
80.9
22.2
4.7
1474.7
1341.2
33.8
31.2
68.5
-1098.8
-1150.0
104.8
12.8
-66.5
-2612.1
-2644.8
-10.1
3.0
39.9
876.0
741.8
48.4
22.2
63.6
826.1
693.9
62.2
27.6
42.5
558.3
484.6
21.1
45.2
7.4
84
85
86
87
88
26.1
18.2
7.9
89.2
11.9
77.2
94.5
8.1
86.3
31.0
15.2
15.9
154.8
9.7
145.1
-199.6
-55.2
-144.4
-15.3
20.4
-35.7
-131.9
13.6
-145.6
-15.2
-8.1
-7.1
-9.8
15.1
-24.9
89
90
91
2682.0
2672.5
9.5
1377.9
1366.1
11.8
980.7
939.8
41.0
2462.7
2481.5
-18.8
1942.3
1915.2
27.1
-5481.0
-5379.8
-101.2
2389.2
2557.7
-168.5
2122.0
2136.8
-14.8
590.9
601.5
-10.7
2001.7
2005.6
-4.0
92
93
94
-2468.9
29.9
51.4
-1450.6
-312.9
4182.6
-5016.5
-1378.0
220.1
-1453.1
95
-2063.8
643.5
805.9
-419.7
757.0
3760.8
-4499.6
-385.4
803.1
-262.8
96
21490.7
23864.6
26068.8
28204.3
31184.2
29540.0
27215.4
29012.7
30596.8
32446.8
97
11367.3
5806.6
3018.8
1181.5
1360.4
12919.8
7040.3
3161.2
1226.6
1491.7
14160.0
7911.8
3318.5
1305.5
1624.2
15536.7
8879.9
3541.7
1384.3
1730.9
17422.6
10366.4
3710.5
1473.6
1872.2
16603.1
9358.5
3894.2
1539.3
1811.1
13881.6
6777.3
3826.9
1572.1
1705.3
14979.0
7578.4
3887.7
1639.3
1873.6
16073.7
8318.9
4023.7
1719.8
2011.2
16945.9
8880.3
4146.9
1819.1
2099.6
98
99
100
101
102
10123.4
10944.8
11908.9
12667.6
13761.6
12936.9
13333.8
14033.7
14523.2
15500.8
103
605.1
204.2
362.8
38.1
661.3
207.2
400.5
53.7
781.9
268.0
450.4
63.6
697.1
150.8
497.0
49.3
634.8
143.2
441.3
50.3
420.8
84.2
311.9
24.7
675.3
155.0
488.8
31.5
824.0
234.6
548.7
40.6
861.1
264.3
561.9
34.8
957.0
357.0
586.6
13.4
104
105
106
107
78
Addendum:
Net lending (+) or borrowing (-), financial account (lines 35-58)
79
80
81
82
83
Revaluation account
84
85
86
87
88
Nonfinancial assets
Real estate
Equipment
Intellectual property products
Inventories
89
90
91
Financial assets
Mutual fund shares
Direct investment abroad
92
93
94
Liabilities
Corporate equity
Foreign direct investment in the United States
95
96
Integrated Accounts
Total assets
Nonfinancial assets (5)
Real estate
Equipment
Intellectual property products
Inventories
Financial assets
Currency and deposits
Currency and transferable deposits
Time and savings deposits
Foreign deposits
141
2004
2005
2006
2007
2008
2009
2010
2011
2012
108
109
110
111
112
Debt securities
Open market paper
Treasury securities
Agency- and GSE-backed securities (1)
Municipal securities
156.0
75.7
33.7
11.2
35.4
172.2
95.0
34.0
11.3
31.8
212.6
111.0
52.1
17.4
32.1
211.4
122.7
45.5
15.2
28.1
149.7
69.5
38.3
12.8
29.2
124.1
57.3
30.5
10.2
26.2
140.4
56.0
43.0
14.3
27.1
155.9
68.0
48.0
16.0
23.9
147.4
67.9
43.0
14.3
22.3
156.7
60.3
50.2
11.7
34.4
108
109
110
111
112
113
114
115
116
117
Loans
Short term
Security repurchases
Consumer credit
Long term (mortgages)
116.8
65.1
6.0
59.1
51.8
132.2
65.6
6.4
59.2
66.6
142.4
74.1
14.6
59.6
68.3
128.3
68.5
15.5
53.0
59.8
106.7
65.3
8.1
57.2
41.4
96.8
63.2
7.2
56.0
33.6
91.2
61.7
7.9
53.8
29.5
86.3
58.3
12.1
46.2
28.0
88.5
61.1
12.6
48.5
27.4
85.7
58.9
10.3
48.5
26.9
113
114
115
116
117
118
119
120
121
122
123
2170.6
289.3
114.9
1745.1
0.4
21.0
2543.9
299.6
125.6
2094.7
0.5
23.6
2809.9
352.2
134.4
2205.7
0.5
117.0
3175.9
421.3
173.2
2440.7
0.6
140.1
3701.6
548.5
178.0
2892.9
0.7
81.5
3925.3
727.0
106.3
3011.1
0.4
80.5
4134.3
655.5
162.0
3245.1
0.5
71.2
4148.8
497.8
186.8
3402.9
0.6
60.7
4493.5
462.4
165.9
3795.6
0.5
69.1
4845.7
458.3
181.7
4136.4
0.6
68.7
118
119
120
121
122
123
124
243.0
262.7
284.0
291.6
300.0
311.1
307.1
319.0
329.0
336.5
124
125
126
127
6831.8
1701.8
5130.0
7172.4
1830.6
5341.8
7678.1
2108.2
5569.9
8163.2
2094.6
6068.6
8868.8
2254.4
6614.4
8058.8
2084.9
5973.8
7985.4
2053.9
5931.6
8499.6
2155.8
6343.8
8603.6
2239.2
6364.4
9119.3
2322.7
6796.6
125
126
127
128
21490.7
23864.6
26068.8
28204.3
31184.2
29540.0
27215.4
29012.7
30596.8
32446.8
128
20739.9
22470.4
23868.7
26423.9
28646.8
23241.7
25416.8
27599.4
28380.5
30493.3
129
129
Liabilities
130
131
132
133
Debt securities
Open market paper
Municipal securities
Corporate bonds
3276.6
82.5
163.9
3030.2
3407.1
97.8
185.4
3123.8
3504.7
90.1
227.3
3187.3
3799.2
112.5
280.6
3406.1
4201.9
123.8
349.0
3729.1
4501.0
131.5
415.0
3954.5
4876.8
58.4
452.2
4366.2
5373.1
82.9
485.4
4804.8
5825.8
116.3
493.9
5215.6
6434.6
130.3
509.1
5795.2
130
131
132
133
134
135
136
137
138
Loans
Short term
Depository institution loans n.e.c.
Other loans and advances
Long term (mortgages)
1876.9
1356.3
614.1
742.2
520.7
2006.8
1411.4
618.0
793.3
595.4
2281.0
1494.5
591.0
903.5
786.5
2539.6
1641.6
613.1
1028.5
898.0
2999.1
2032.0
715.9
1316.1
967.2
3066.3
2164.1
780.1
1384.0
902.2
2459.2
1685.2
546.0
1139.1
774.0
2100.4
1429.2
480.9
948.3
671.2
2172.6
1558.2
549.8
1008.5
614.4
2251.2
1646.4
609.5
1036.9
604.8
134
135
136
137
138
139
140
141
12147.2
10845.2
1302.0
13498.4
12088.6
1409.8
14236.0
12686.6
1549.4
16325.1
14602.3
1722.7
17692.7
15730.7
1961.9
12066.9
10016.6
2050.3
14498.6
12512.2
1986.4
16500.3
14371.6
2128.7
16814.1
14500.8
2313.3
18581.4
16107.0
2474.4
139
140
141
142
143
144
78.0
49.8
28.2
80.9
46.6
34.3
14.6
44.8
-30.1
35.9
64.7
-28.8
48.5
69.3
-20.8
761.4
84.0
677.4
573.2
75.6
497.6
537.6
91.1
446.5
580.7
94.0
486.6
532.2
92.1
440.2
142
143
144
145
146
147
148
3361.1
1403.9
81.2
1876.0
3477.2
1501.6
88.0
1887.7
3832.3
1700.6
86.2
2045.5
3724.0
1812.9
85.4
1825.8
3704.6
1897.9
35.8
1770.8
2846.1
1672.7
39.0
1134.4
3009.0
1590.2
35.7
1383.1
3088.1
1746.5
42.9
1298.7
2987.2
1771.7
51.7
1163.9
2693.8
1890.1
58.3
745.3
145
146
147
148
750.8
1394.3
2200.2
1780.5
2537.5
6298.3
1798.6
1413.2
2216.3
1953.5
149
149
Net worth
Integrated Accounts
Notes. Nonfinancial corporate business includes corporate farms that are excluded from the nonfinancial corporate business sector in the Flow of Funds Accounts.
Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.
(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,
the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.
(2) Net equity in reserves of property-casualty insurance companies.
(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy
reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.
(4) Includes changes in the market value of shares and other equity that are excluded from the related measures for the nonfinancial corporate business sector in the Flow of Funds Accounts.
(5) Excludes nonproduced nonfinancial assets.
n.e.c. Not elsewhere classified
142
2004
2005
2006
2007
2008
2009
2010
2011
2012
Current account
1
885.6
922.1
1034.3
1127.6
1068.8
852.3
1015.7
1039.9
1025.1
1090.3
130.0
139.3
148.9
156.8
165.4
173.9
177.4
176.7
179.0
186.6
3
4
5
6
7
8
755.6
460.5
390.6
69.9
42.9
252.2
782.8
498.5
423.0
75.5
46.6
237.7
885.5
535.4
449.4
86.0
49.5
300.6
970.8
579.8
490.8
89.0
52.5
338.5
903.4
618.2
527.1
91.1
54.7
230.5
678.4
612.9
517.9
95.0
55.6
9.9
838.4
549.0
466.2
82.8
64.2
225.2
863.3
572.5
486.4
86.1
64.8
226.0
846.0
610.1
514.3
95.9
61.0
174.9
903.7
633.6
538.3
95.3
61.5
208.6
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
206.6
252.2
1439.2
1304.9
113.2
21.1
1484.8
1210.4
271.9
221.8
50.1
2.5
0.0
213.1
237.7
1675.2
1499.9
145.2
30.1
1699.7
1360.7
329.8
282.4
47.4
9.3
0.0
200.3
300.6
2078.1
1886.6
188.6
2.9
2178.4
1785.2
385.1
337.5
47.7
8.0
0.0
205.2
338.5
2657.4
2403.6
212.9
40.9
2790.8
2338.0
440.0
390.0
50.0
12.8
0.0
110.7
230.5
3096.1
2786.6
263.7
45.7
3215.8
2708.9
497.4
457.6
39.8
9.5
0.0
-1.7
9.9
2718.3
2398.5
270.3
49.5
2729.9
2275.4
447.2
424.2
23.0
7.3
0.0
290.8
225.2
2096.6
1834.4
211.1
51.1
2031.0
1636.7
390.6
316.2
74.4
3.7
0.0
375.8
226.0
2027.0
1714.0
244.8
68.3
1877.3
1469.7
396.7
311.8
84.9
10.9
0.0
324.9
174.9
2040.0
1709.2
261.1
69.6
1890.0
1455.2
419.7
366.0
53.8
15.1
0.0
322.4
208.6
1990.3
1625.8
297.2
67.3
1876.5
1372.4
484.2
431.9
52.3
19.9
0.0
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
206.6
110.9
-9.7
213.1
119.1
-6.5
200.3
140.5
-13.4
205.2
165.7
-21.1
110.7
151.7
7.5
-1.7
81.7
46.0
290.8
91.6
26.9
375.8
150.0
18.4
324.9
151.9
19.8
322.4
177.8
-12.0
22
23
24
25
105.5
100.5
73.1
60.6
-48.5
-129.4
172.3
207.4
153.1
156.5
25
26
105.5
100.5
73.1
60.6
-48.5
-129.4
172.3
207.4
153.1
156.5
26
Capital account
27
28
29
105.5
105.5
0.0
84.3
100.5
16.2
45.4
73.1
27.7
60.6
60.6
0.0
-48.5
-48.5
0.0
-68.9
-129.4
-60.5
294.2
172.3
-121.9
248.9
207.4
-41.5
185.5
153.1
-32.4
146.9
156.5
9.6
27
28
29
30
31
32
26.5
156.5
130.0
37.2
176.5
139.3
31.1
180.0
148.9
31.9
188.7
156.8
46.1
211.5
165.4
22.3
196.2
173.9
-10.5
166.9
177.4
-13.9
162.8
176.7
-3.8
175.2
179.0
6.8
193.4
186.6
30
31
32
33
78.9
47.1
14.3
28.8
-94.6
-91.2
304.7
262.8
189.3
140.2
33
Integrated Accounts
Financial account
34
35
78.9
47.1
14.3
28.8
-94.6
-91.2
304.7
262.8
189.3
140.2
34
3078.9
3396.8
3627.7
4542.1
5188.8
4517.9
-1150.0
-351.0
1947.8
1785.5
35
0.0
0.0
-0.0
-0.0
0.0
0.0
0.0
0.0
0.0
0.0
36
-47.3
43.9
-12.3
74.7
170.2
1008.9
224.4
-139.8
529.3
-38.5
37
36
Monetary gold
37
38
39
40
41
42
43
44
45
Debt securities
SDR certificates
Open market paper
Treasury securities
Agency- and GSE-backed securities (2)
Municipal securities
Corporate and foreign bonds
Nonmarketable government securities
1078.6
0.0
-153.5
88.5
431.8
110.7
576.5
24.7
464.6
0.0
40.7
-42.6
-209.8
79.5
555.9
40.9
652.7
0.0
204.7
52.0
-249.3
115.6
489.7
40.0
1108.2
0.0
241.1
84.8
96.8
131.2
518.5
35.8
1050.4
0.0
-95.5
35.4
282.6
184.7
609.9
33.3
1239.6
0.0
-8.1
442.9
724.6
42.1
-25.1
63.3
791.1
3.0
-396.8
365.7
681.4
38.4
37.4
61.9
834.5
0.0
-103.3
504.6
51.8
44.1
271.6
65.7
1342.8
0.0
-76.3
981.3
147.7
15.0
204.4
70.8
1086.6
0.0
-7.1
323.8
230.9
138.2
360.4
40.4
38
39
40
41
42
43
44
45
46
47
48
Loans
Short term
Long term (mortgages)
1107.9
118.4
989.5
1568.8
354.7
1214.1
1953.4
541.8
1411.6
2025.1
624.9
1400.2
2365.9
1266.9
1099.0
1648.6
1554.0
94.6
-2815.3
-2513.2
-302.2
-944.3
-439.0
-505.3
-140.4
178.0
-318.4
207.6
438.2
-230.6
46
47
48
49
50
51
52
53
54
55
56
330.7
257.1
-2.0
-78.0
2.5
24.3
0.5
126.4
658.2
331.8
95.5
-110.3
2.4
43.8
3.1
291.9
532.1
284.8
47.0
12.0
2.0
11.5
1.6
173.2
499.8
179.5
96.7
-6.7
-0.0
25.8
1.8
202.8
1222.8
422.0
88.6
330.8
8.3
107.0
3.1
263.1
833.1
213.5
47.7
283.1
-5.3
66.4
2.6
225.0
46.4
170.4
68.9
-174.0
0.0
40.7
4.6
-64.1
-133.9
81.4
17.1
-171.7
-3.2
-2.3
0.9
-56.0
-62.8
-86.3
-14.3
-68.0
-6.2
9.2
0.4
102.4
359.7
165.1
71.2
-17.8
-2.0
22.5
0.5
120.3
49
50
51
52
53
54
55
56
143
2004
2005
2006
2007
2008
2009
2010
2011
2012
57
273.1
239.2
194.1
257.1
207.0
326.4
460.8
293.8
321.2
270.2
57
58
335.8
422.2
307.7
577.2
172.5
-538.7
142.7
-261.4
-42.2
-100.1
58
59
2891.6
3412.3
3271.5
4267.9
4990.1
4625.7
-983.9
-147.9
2024.0
1729.8
59
450.3
598.3
611.3
617.4
548.2
2134.9
258.2
331.7
1455.3
602.0
60
1010.5
586.2
487.8
-63.5
805.8
115.8
668.3
21.7
1039.8
80.4
745.2
214.2
1319.9
328.2
795.3
196.4
1503.3
905.7
709.1
-111.5
361.4
768.7
-281.9
-125.4
-1094.1
-60.1
-586.0
-448.1
-724.3
-46.9
-575.2
-102.2
-415.8
-21.9
-325.8
-68.2
-290.8
-22.4
-209.6
-58.8
61
62
63
64
375.2
366.3
8.9
303.5
278.0
25.5
432.1
418.0
14.1
568.2
561.6
6.6
588.4
583.7
4.7
-72.3
-79.1
6.8
-1077.0
-1080.3
3.4
-451.3
-451.5
0.2
-18.2
-27.3
9.1
-3.6
-19.3
15.6
65
66
67
250.5
-212.6
66.0
288.1
3.2
23.9
-3.4
84.9
0.5
649.7
-136.4
118.1
296.3
2.5
50.2
-4.2
320.1
3.1
698.0
125.1
78.4
260.2
1.9
13.9
-1.2
218.1
1.6
931.5
303.1
60.0
336.8
0.2
52.0
-6.8
184.4
1.8
1469.0
736.8
179.6
361.5
9.1
9.3
3.6
166.1
3.1
1717.6
724.2
639.5
-9.9
-4.2
120.7
11.6
233.0
2.6
271.0
-498.7
316.3
497.1
0.0
45.7
0.6
-94.5
4.6
73.7
-503.2
191.3
370.1
-2.7
48.5
0.9
-32.0
0.9
498.8
-112.8
164.1
338.4
-5.9
34.9
-1.7
81.5
0.4
977.9
7.1
168.6
624.9
-1.8
0.7
6.5
171.5
0.5
68
69
70
71
72
73
74
75
76
60
61
62
63
64
Debt securities
Agency- and GSE-backed securities (2)
Corporate bonds
Commercial paper
65
66
67
Loans
Short term
Long term (mortgages)
68
69
70
71
72
73
74
75
76
77
696.0
720.1
662.6
662.2
683.9
635.0
530.3
625.9
633.0
500.6
77
78
109.1
334.9
-172.2
168.7
197.3
-150.8
127.8
-3.6
-129.0
-56.3
78
187.3
-15.4
356.2
274.2
198.7
-107.8
-166.1
-203.1
-76.2
55.7
79
-705.1
0.0
-813.5
-108.4
-386.1
-1.7
-322.0
62.5
45.2
-1.7
-295.1
-341.9
-51.2
0.0
-296.6
-245.4
0.7
0.0
-292.6
-293.3
1326.6
-0.6
1343.8
16.6
-1154.3
0.0
-683.4
470.8
-955.3
2.1
-491.5
465.9
-198.2
0.0
67.4
265.6
-432.4
-2.0
-345.9
84.5
80
81
82
83
79
Addendum:
Net lending (+) or borrowing (-), financial account (lines 35-59)
80
81
82
83
Revaluation account
84
85
86
87
Nonfinancial assets
Structures (nonresidential)
Equipment
Intellectual property products
12.4
17.2
-3.4
-1.5
71.7
63.9
8.1
-0.3
78.4
75.1
2.0
1.2
71.9
66.9
2.9
2.1
36.3
38.1
-3.1
1.4
65.6
59.0
5.3
1.3
-48.7
-47.0
-0.6
-1.0
4.3
1.4
2.9
-0.0
41.9
35.0
6.0
0.9
26.2
15.8
6.6
3.7
84
85
86
87
88
89
90
91
Financial assets
Corporate equities
Mutual fund shares
U.S. direct investment abroad
2145.3
1862.7
252.7
30.0
1178.7
1004.1
124.0
50.6
928.9
614.4
283.9
30.7
1210.1
922.0
252.4
35.7
759.9
622.4
91.8
45.8
-5986.6
-5096.5
-900.9
10.8
2677.7
2141.1
482.4
54.2
1726.4
1413.1
272.7
40.7
-579.7
-523.7
-43.7
-12.3
1812.8
1481.2
280.4
51.2
88
89
90
91
92
93
94
95
96
97
98
Liabilities
Corporate equity issues
Mutual fund shares
Foreign direct investment in the United States
Equity in noncorporate business
Pension fund reserves
Investment by parent
2045.8
795.9
726.8
8.4
11.4
503.3
0.0
1149.0
459.1
483.8
4.0
2.4
199.7
0.0
880.8
262.4
352.4
9.4
1.7
254.8
0.0
1583.0
716.1
682.6
22.5
4.8
156.9
0.0
-539.6
-985.4
396.0
-56.7
-0.6
107.0
0.0
-6423.3
-2366.2
-2424.7
-157.6
-13.6
-1461.2
0.0
2178.7
386.3
1035.6
17.9
3.6
735.9
-0.6
1595.6
526.0
582.2
34.1
0.3
455.0
-2.0
-790.9
-373.5
-340.4
35.9
-1.1
-111.4
-0.3
1859.0
691.5
717.8
15.5
-1.0
435.3
-0.1
92
93
94
95
96
97
98
111.9
101.4
126.5
-301.0
1335.9
502.3
450.3
135.1
253.1
-19.9
99
-487.8
-200.5
217.1
-291.5
1288.1
1760.1
-409.7
-571.3
240.4
-305.4
100
46280.8
50843.8
55160.1
60966.4
66879.9
67243.7
68608.8
69475.4
71010.9
75224.2
101
1194.4
690.2
400.4
103.9
1301.7
759.9
427.4
114.4
1409.5
841.3
447.3
120.8
1513.3
916.3
469.8
127.1
1595.7
969.3
487.8
138.5
1683.0
1035.8
493.6
153.7
1623.8
988.3
468.4
167.1
1616.3
979.3
469.3
167.7
1654.4
1001.8
479.9
172.7
1685.4
1005.8
497.0
182.5
102
103
104
105
99
100
Total assets
Nonfinancial assets (4)
Structures (nonresidential)
Equipment
Intellectual property products
Integrated Accounts
144
2005
2006
2007
2008
2009
2010
2011
2012
106
Financial assets
45086.4
49542.1
53750.6
59453.2
65284.2
65560.6
66985.0
67859.1
69356.6
73538.9
106
107
Monetary gold
11.0
11.0
11.0
11.0
11.0
11.0
11.0
11.0
11.0
11.0
107
108
734.4
779.4
764.4
814.1
986.6
2031.3
2270.3
2176.3
2705.7
2691.4
108
109
110
111
112
113
114
115
116
Debt securities
SDR certificates
Open market paper
Treasury securities
Agency- and GSE-backed securities (2)
Municipal securities
Corporate and foreign bonds
Nonmarketable government securities
13552.5
2.2
796.6
1636.4
4577.3
1151.0
4574.1
815.0
14037.1
2.2
837.3
1593.8
4387.5
1230.5
5130.0
855.9
14670.5
2.2
1042.0
1645.8
4138.2
1346.1
5613.4
882.9
15692.4
2.2
1280.1
1735.2
4150.6
1477.0
6128.5
918.7
16742.8
2.2
1184.6
1770.6
4433.3
1661.7
6738.4
952.0
17984.9
2.2
1176.1
2213.6
5157.8
1703.8
6716.1
1015.3
18798.5
5.2
779.3
2579.3
5893.7
1742.2
6721.6
1077.2
19054.1
5.2
676.0
3083.9
5482.7
1786.3
6877.0
1142.9
20396.6
5.2
599.7
4065.2
5630.4
1801.3
7081.1
1213.7
21575.6
5.2
592.6
4401.1
5875.4
1939.5
7507.8
1254.1
109
110
111
112
113
114
115
116
117
118
119
Loans
Short term
Long term (mortgages)
14514.7
5525.7
8989.0
16098.4
5880.4
10218.0
18051.8
6422.2
11629.6
20045.3
6991.9
13053.4
22400.7
8248.3
14152.4
24049.0
9802.0
14246.9
21261.1
7316.3
13944.8
20229.9
6923.4
13306.6
20089.5
7101.3
12988.2
20467.1
7714.6
12752.5
117
118
119
120
121
122
123
124
125
126
127
12012.3
8093.8
1452.4
614.7
37.7
309.4
8.8
1495.4
13849.2
9429.7
1671.9
504.4
40.1
403.8
11.9
1787.3
15310.2
10328.9
2002.8
516.4
42.0
446.0
13.5
1960.6
17142.3
11465.4
2351.9
563.8
42.0
507.4
15.3
2196.5
19125.0
12509.7
2532.3
894.5
50.3
660.2
18.5
2459.6
13971.5
7626.7
1679.2
1177.7
45.0
737.4
21.1
2684.6
17371.8
9938.1
2230.4
1003.7
45.0
832.3
25.6
3296.6
18964.3
11432.6
2520.2
832.0
41.7
870.7
26.5
3240.6
18321.8
10822.6
2462.3
764.0
35.5
867.5
26.9
3343.0
20921.0
12468.9
2813.9
746.1
33.5
941.3
27.4
3889.9
120
121
122
123
124
125
126
127
128
1896.2
2107.5
2112.2
2155.0
2256.1
4013.5
3842.8
4168.2
4515.8
4418.3
128
129
2365.2
2659.5
2830.4
3593.2
3762.0
3499.3
3429.4
3255.2
3316.2
3454.4
129
130
46280.8
50843.8
55160.1
60966.4
66879.9
67243.7
68608.8
69475.4
71010.9
75224.2
130
47239.0
52002.4
56101.6
62199.5
66824.9
65428.6
67203.4
68641.3
69936.4
74455.1
131
6871.6
7495.3
8106.6
8724.0
9272.2
11407.0
11665.2
11992.7
13448.0
14053.2
132
10158.8
5944.5
3279.9
934.4
10979.4
6060.3
3963.1
956.0
11964.7
6140.7
4653.8
1170.2
13254.8
6468.9
5422.4
1363.5
14888.0
7374.6
6261.3
1252.1
15249.1
8143.4
5979.4
1126.3
14480.4
8083.3
5718.8
678.2
13473.1
7574.0
5323.1
576.0
13057.3
7552.1
4997.3
507.9
12963.7
7529.7
4984.9
449.1
133
134
135
136
2835.8
2730.0
105.9
3139.3
3008.0
131.4
3571.4
3425.9
145.5
4136.4
3984.3
152.1
4724.7
4568.0
156.7
4652.4
4488.9
163.5
3707.1
3540.2
166.9
3244.1
3077.0
167.1
3225.9
3049.7
176.2
3284.9
3093.2
191.8
137
138
139
131
Liabilities
132
133
134
135
136
Debt securities
Agency- and GSE-backed securities (2)
Corporate bonds
Commercial paper
137
138
139
Loans
Short term
Long term (mortgages)
140
141
142
143
144
145
146
147
148
12194.3
2004.4
3713.9
4652.9
42.3
275.7
13.0
1483.4
8.8
13793.2
1868.0
4291.1
5433.0
44.8
329.9
11.2
1803.4
11.9
15146.2
1993.1
4631.9
6045.6
46.7
353.2
11.7
2050.4
13.5
17537.1
2296.3
5408.0
7065.0
46.9
427.8
9.7
2268.1
15.3
18355.7
3033.0
4602.2
7822.6
56.0
380.4
12.6
2430.5
18.5
15111.2
3757.3
2875.4
5388.0
51.8
343.5
10.7
2663.5
21.1
17501.1
3258.6
3578.1
6920.7
51.8
407.0
14.8
3244.5
25.6
18678.2
2755.4
4295.4
7873.0
49.0
489.6
15.9
3173.4
26.5
18497.5
2642.5
4085.9
7870.9
43.1
560.4
13.1
3254.6
26.9
21435.7
2649.6
4946.1
9323.6
41.2
576.6
18.6
3852.6
27.4
140
141
142
143
144
145
146
147
148
149
13315.7
14559.7
15525.9
16602.8
17445.8
16502.8
17814.3
19421.2
19931.3
20930.8
149
150
1862.7
2035.4
1786.8
1944.5
2138.5
2506.1
2035.3
1832.0
1776.5
1786.7
150
-958.1
-1158.6
-941.5
-1233.1
55.0
1815.1
1405.4
834.1
1074.5
769.1
151
151
Integrated Accounts
2003
Net worth
Notes. Financial business includes depository institutions, insurance companies and pension funds, monetary authority, and other financial institutions.
Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.
(1) Consists of rental income of tenant-occupied housing and proprietors income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;
they primarily cover their operating costs through sales, and they keep a complete set of financial records.
(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,
the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.
(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy
reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.
(4) Excludes land. Includes corporate and noncorporate financial business.
SDRs Special Drawing Rights
145
2004
2005
2006
2007
2008
2009
2010
2011
2012
Current account
1
498.1
525.8
552.7
577.6
605.4
637.6
668.8
704.5
719.7
716.7
170.3
178.6
189.4
200.7
212.8
226.3
234.5
245.3
256.5
262.3
3
4
5
6
7
327.8
321.1
234.8
86.3
6.7
347.2
342.3
249.9
92.4
4.9
363.3
362.4
263.5
98.9
0.9
376.9
375.1
271.7
103.5
1.8
392.6
390.5
283.3
107.3
2.0
411.3
410.4
296.7
113.7
0.8
434.3
433.5
312.2
121.3
0.7
459.1
462.2
328.5
133.7
-3.1
463.2
470.5
331.7
138.9
-7.3
454.5
467.9
328.0
139.9
-13.4
3
4
5
6
7
8
9
10
11
12
13
14
15
16
-221.2
6.7
90.2
-49.0
23.5
16.5
0.0
7.0
292.6
-226.6
4.9
95.2
-46.0
25.3
16.6
0.1
8.7
306.1
-277.4
0.9
99.4
-60.5
27.2
17.3
0.2
9.7
344.4
-293.5
1.8
99.2
-51.1
29.0
18.8
0.3
9.9
372.3
-325.6
2.0
94.6
-47.5
33.4
22.1
0.2
11.1
408.2
-308.9
0.8
94.0
-49.6
33.9
19.5
0.6
13.8
388.0
-269.9
0.7
91.4
-56.9
48.5
22.8
18.7
7.0
353.6
-286.6
-3.1
96.8
-54.3
54.6
29.5
17.0
8.0
380.6
-323.2
-7.3
108.6
-59.4
57.4
28.5
18.8
10.1
422.6
-320.0
-13.4
118.0
-56.8
52.9
22.2
21.1
9.6
420.6
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
-221.2
980.8
763.2
973.1
25.5
350.3
-226.6
1058.8
808.9
1025.5
29.0
363.0
-277.4
1285.2
853.4
1090.9
32.0
384.2
-293.5
1459.2
905.7
1196.7
36.8
375.8
-325.6
1542.5
947.2
1272.2
41.0
401.3
-308.9
1354.1
974.4
1407.4
48.6
416.0
-269.9
1072.4
950.8
1624.9
66.2
510.7
-286.6
1208.2
970.9
1726.6
64.4
555.9
-323.2
1387.5
904.3
1745.3
66.1
529.0
-320.0
1518.0
937.8
1790.5
49.7
493.1
17
18
19
20
21
22
23
24
224.9
628.5
281.6
681.4
418.0
723.4
535.8
763.9
531.6
798.4
244.7
879.8
-316.1
933.7
-325.6
1003.9
-239.6
1008.7
-98.0
1011.7
23
24
25
-403.5
-399.8
-305.4
-228.1
-266.7
-635.1
-1249.8
-1329.5
-1248.3
-1109.7
25
-444.6
-403.5
41.1
-439.1
-399.8
39.3
-365.8
-305.4
60.3
-271.3
-228.1
43.2
-319.7
-266.7
53.0
-752.7
-635.1
117.6
-1436.1
-1249.8
186.3
-1455.9
-1329.5
126.3
-1362.0
-1248.3
113.8
-1194.3
-1109.7
84.7
26
27
28
25.1
31.6
31.5
22.9
35.3
29.1
40.6
53.7
38.0
20.4
29
196.4
170.3
-0.9
211.0
178.6
-0.8
222.9
189.4
-2.0
238.0
200.7
-14.4
251.4
212.8
-3.3
275.8
226.3
-20.4
284.0
234.5
-8.9
300.0
245.3
-1.0
295.4
256.5
-0.9
284.0
262.3
-1.4
30
31
32
-469.8
-470.7
-397.3
-294.2
-354.9
-781.8
-1476.7
-1509.5
-1400.1
-1214.8
33
-469.8
-470.7
-397.3
-294.2
-354.9
-781.8
-1476.7
-1509.5
-1400.1
-1214.8
34
35.1
5.3
30.8
-14.4
0.6
580.0
237.8
281.1
-154.8
116.4
35
-0.6
0.0
-0.6
0.4
-0.0
0.4
-4.5
0.0
-4.5
0.2
0.0
0.2
0.2
0.0
0.2
0.1
0.0
0.1
48.2
0.0
48.2
0.0
0.0
0.0
-1.8
0.0
-1.8
0.0
0.0
0.0
36
37
38
-16.9
0.3
-1.5
9.3
-25.2
0.2
-34.6
0.3
-3.8
-31.0
-0.0
-0.0
-0.9
0.3
-10.2
12.2
-1.0
-2.2
-5.5
0.4
-3.3
-2.7
0.2
-0.0
25.7
0.5
-1.0
25.1
1.2
-0.1
316.0
0.6
3.5
313.1
-1.3
0.0
-170.0
0.3
3.4
-174.2
0.3
0.2
150.6
0.3
1.3
148.9
0.1
0.1
-240.0
-0.2
18.2
-257.6
-0.3
-0.1
11.0
0.2
4.0
6.7
0.2
-0.1
39
40
41
42
43
44
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
54.4
54.4
0.0
142.5
142.0
0.6
-46.9
-47.2
0.3
-118.2
-118.1
-0.1
-31.3
-31.1
-0.2
45
46
47
-2.6
-0.1
1.9
-2.0
-2.5
2.3
0.7
3.7
-3.0
1.6
-0.9
-3.3
3.7
-7.0
2.4
5.9
2.2
1.6
0.6
3.7
6.9
4.8
7.0
-2.2
2.1
39.0
25.5
19.5
6.0
13.5
166.5
154.0
87.9
66.0
12.6
130.5
136.7
133.1
3.5
-6.2
137.4
133.3
128.5
4.8
4.1
136.2
134.6
132.1
2.5
1.6
48
49
50
51
52
1.4
0.0
1.4
0.0
0.0
2.0
0.0
2.0
0.0
0.0
1.3
0.0
1.3
0.0
0.0
2.0
0.0
2.0
0.0
0.0
1.7
0.0
1.7
0.0
0.0
257.7
256.3
1.4
0.0
0.0
3.4
0.6
1.7
0.0
1.2
30.4
24.1
2.3
0.0
4.0
43.5
40.3
2.6
0.0
0.7
-10.7
-13.2
2.4
0.0
0.0
53
54
55
56
57
Capital account
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
Debt securities
Agency- and GSE-backed securities
Corporate and foreign bonds
48
49
50
51
52
Loans
Short term
Consumer credit
Other loans and advances
Long term (mortgages)
53
54
55
56
57
Integrated Accounts
Financial account
146
58
59
60
61
62
2004
2005
2006
2007
2008
2009
2010
2011
2012
53.8
19.1
34.4
0.4
35.1
10.5
23.3
1.4
35.8
9.2
26.0
0.6
-17.1
-11.6
-6.5
1.0
-33.8
1.2
-35.4
0.4
-87.2
4.2
-62.0
-29.4
47.1
-21.1
35.9
32.3
16.5
-0.7
27.1
-9.8
24.2
4.8
20.8
-1.3
11.1
2.6
11.9
-3.5
58
59
60
61
566.0
479.4
453.6
296.0
391.2
1369.0
1536.1
1697.8
1200.7
1242.2
62
63
SDR allocations
0.0
0.0
0.0
0.0
0.0
0.0
47.6
0.0
0.0
0.0
63
64
0.6
0.7
0.8
0.6
-0.7
-0.8
-0.4
-0.3
0.0
0.0
64
65
66
67
68
69
Debt securities
SDR certificates
Treasury securities including savings bonds
Federal agency securities
Nonmarketable securities held by pension plans
420.7
0.0
398.4
-2.4
24.7
402.8
0.0
362.5
-0.6
40.9
346.9
0.0
307.3
-0.4
40.0
219.1
0.0
183.7
-0.3
35.8
270.4
0.0
237.5
-0.4
33.3
1302.5
0.0
1239.0
0.2
63.3
1508.8
3.0
1443.7
0.1
61.9
1645.9
0.0
1579.6
0.7
65.7
1138.7
0.0
1066.8
1.1
70.8
1180.6
0.0
1140.6
-0.4
40.4
65
66
67
68
69
70
Loans (mortgages)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
70
71
72
73
74
75.6
1.1
19.6
54.9
59.5
1.1
17.4
41.0
67.2
1.1
23.0
43.1
64.5
1.5
18.1
44.9
92.7
1.2
43.9
47.7
45.1
1.0
26.5
17.6
33.3
1.1
16.6
15.6
43.5
0.9
22.5
20.2
39.1
1.3
18.5
19.2
61.9
0.3
13.3
48.2
71
72
73
74
75
76
77
69.1
71.7
-2.6
16.4
15.4
1.0
38.7
33.7
5.0
11.8
6.2
5.6
28.7
29.3
-0.6
22.2
22.6
-0.3
-53.2
-56.2
2.9
8.7
6.3
2.4
23.0
9.4
13.6
-0.3
8.0
-8.3
75
76
77
-530.9
-474.1
-422.8
-310.4
-390.6
-789.0
-1298.3
-1416.7
-1355.5
-1125.7
78
-94.4
0.0
-33.3
61.1
-27.7
0.0
-24.2
3.5
-46.3
-0.5
-20.3
25.5
31.3
0.0
47.4
16.1
10.8
0.0
46.5
35.7
87.8
0.0
95.0
7.2
122.4
0.0
-55.9
-178.4
-21.5
0.0
-114.3
-92.8
47.0
0.0
2.5
-44.6
75.1
0.0
-13.9
-89.0
79
80
81
82
45.2
25.3
4.0
16.0
114.8
91.6
10.9
12.2
116.8
94.1
7.3
15.4
116.4
95.2
10.4
10.8
93.0
60.7
7.6
24.8
69.0
44.0
11.8
13.2
-36.0
-48.4
8.6
3.8
61.3
18.1
5.0
38.2
63.3
46.6
11.0
5.7
41.2
34.7
5.5
0.9
83
84
85
86
78
Addendum:
Net lending (+) or borrowing (-), financial account (lines 35-62)
Revaluation account
83
84
85
86
Nonfinancial assets
Structures
Equipment
Intellectual property products
87
88
89
90
91
Financial assets
Monetary gold and SDRs
Currency and deposits
Corporate equities
Equity investment under Public-Private Inv. Program
3.1
1.1
2.1
0.0
0.0
1.3
0.5
0.8
0.0
0.0
-2.1
-0.9
-1.2
0.0
0.0
0.8
0.4
0.3
0.0
0.0
0.7
0.5
0.2
0.0
0.0
-67.9
-0.2
-0.0
-67.7
0.0
-121.6
0.2
0.3
-121.9
-0.3
-43.7
-1.0
-0.2
-41.5
-1.0
-40.5
-0.1
-7.8
-32.4
-0.2
-9.0
0.1
-4.3
-4.7
-0.1
87
88
89
90
91
92
93
Liabilities
SDR allocations
0.6
0.6
0.3
0.3
-0.6
-0.6
0.4
0.4
0.4
0.4
-0.2
-0.2
0.2
0.2
-1.0
-1.0
-0.2
-0.2
0.1
0.1
92
93
94
47.7
115.7
115.3
116.8
93.3
1.2
-157.9
18.5
23.0
32.1
94
-491.3
-351.1
-296.8
-123.3
-215.6
-663.6
-1471.6
-1458.8
-1292.0
-1087.1
95
2790.1
2917.7
3070.2
3238.1
3415.2
4121.6
4229.2
4569.0
4463.3
4626.5
96
2130.4
999.1
474.9
656.3
2277.1
1088.2
498.3
690.6
2426.5
1176.5
520.7
729.3
2579.8
1266.6
550.7
762.4
2711.3
1325.4
576.7
809.3
2829.2
1369.8
616.2
843.2
2842.1
1326.1
649.8
866.2
2957.5
1352.5
680.9
924.1
3059.2
1404.1
709.6
945.5
3121.6
1435.6
730.5
955.5
97
98
99
100
659.7
640.6
643.7
658.3
703.9
1292.4
1387.1
1611.5
1404.0
1504.8
101
12.6
0.0
12.6
13.6
0.0
13.6
8.2
0.0
8.2
8.9
0.0
8.9
9.5
0.0
9.5
9.3
0.0
9.3
57.8
0.0
57.8
56.8
0.0
56.8
55.0
0.0
55.0
55.1
0.0
55.1
102
103
104
96
Total assets
Integrated Accounts
97
98
99
100
101
102
103
104
147
105
106
107
108
109
110
111
112
113
Debt securities
Agency- and GSE-backed securities
Corporate and foreign bonds
114
115
116
117
118
Loans
Short term
Consumer credit
Other loans and advances
Long term (mortgages)
119
120
121
122
123
124
125
126
127
128
129
2005
2006
2007
2008
2009
2010
2011
2012
101.8
19.9
22.7
54.1
2.4
2.8
68.0
21.4
19.6
21.9
2.4
2.8
65.9
18.9
8.1
36.8
1.4
0.6
60.8
20.5
5.2
32.9
1.7
0.6
86.7
22.5
4.4
56.5
2.8
0.5
402.7
24.8
7.8
368.0
1.6
0.5
233.0
25.2
11.5
193.6
1.9
0.7
383.4
26.0
12.6
342.1
2.0
0.8
135.6
25.8
23.0
84.3
1.7
0.7
142.4
24.9
22.8
92.0
2.0
0.7
105
106
107
108
109
110
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
54.4
54.4
0.0
197.0
196.4
0.6
150.1
149.2
0.9
31.9
31.1
0.8
0.6
0.0
0.6
111
112
113
272.4
199.8
82.4
117.5
72.6
274.7
200.5
86.1
114.4
74.2
273.8
197.2
89.8
107.4
76.6
296.9
216.6
108.7
108.0
80.3
303.8
221.4
115.7
105.8
82.4
342.8
247.0
135.1
111.8
95.8
509.3
400.9
223.1
177.9
108.4
643.4
537.6
356.2
181.4
105.8
780.8
670.9
484.7
186.3
109.9
917.0
805.5
616.8
188.7
111.5
114
115
116
117
118
40.0
0.0
40.0
0.0
0.0
42.0
0.0
42.0
0.0
0.0
43.2
0.0
43.2
0.0
0.0
45.3
0.0
45.3
0.0
0.0
46.9
0.0
46.9
0.0
0.0
237.0
188.7
48.3
0.0
0.0
118.2
67.4
50.0
0.0
0.9
106.1
49.9
52.3
0.0
3.8
117.0
57.8
54.9
0.0
4.4
101.5
39.9
57.3
0.0
4.4
119
120
121
122
123
232.8
51.3
93.7
87.9
242.3
61.8
91.2
89.3
252.5
71.0
91.6
89.9
246.5
59.4
96.1
91.0
257.0
60.6
105.0
91.4
246.2
64.7
119.4
62.0
271.8
43.6
133.9
94.3
271.7
42.9
144.3
84.5
283.7
47.7
152.8
83.2
288.2
50.3
158.1
79.8
124
125
126
127
2790.1
2917.7
3070.2
3238.1
3415.2
4121.6
4229.2
4569.0
4463.3
4626.5
128
6442.4
6921.2
7370.4
7661.6
8054.2
9424.3
11003.5
12802.1
13988.3
15238.7
129
7.3
7.6
7.0
7.4
7.7
7.5
55.4
54.4
54.2
54.3
130
26.0
26.7
27.5
28.1
27.4
26.6
26.2
25.9
25.9
25.9
131
4850.2
2.2
4008.2
24.9
815.0
5253.1
2.2
4370.7
24.3
855.9
5587.0
2.2
4678.0
23.8
882.9
5806.1
2.2
4861.7
23.5
918.7
6076.5
2.2
5099.2
23.1
952.0
7379.0
2.2
6338.2
23.3
1015.3
8887.8
5.2
7781.9
23.5
1077.2
10533.8
5.2
9361.5
24.2
1142.9
11672.5
5.2
10428.3
25.3
1213.7
12853.0
5.2
11568.9
24.9
1254.1
132
133
134
135
136
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
137
1399.4
40.5
35.0
1324.0
1459.1
41.6
52.4
1365.2
1540.9
42.7
75.4
1422.8
1606.0
44.2
93.5
1468.3
1699.5
45.4
137.3
1516.8
1746.1
46.4
163.8
1535.8
1825.5
47.5
180.4
1597.6
1973.5
48.4
202.9
1722.2
2012.2
49.7
221.4
1741.1
2074.4
50.0
234.8
1789.6
138
139
140
141
159.5
153.6
5.8
174.6
169.0
5.6
208.1
202.7
5.4
214.0
208.9
5.1
243.1
238.2
4.9
265.1
260.8
4.3
208.6
204.6
4.0
214.5
210.9
3.6
223.5
220.3
3.2
231.0
228.3
2.8
142
143
144
-3652.3
-4003.4
-4300.2
-4423.5
-4639.0
-5302.7
-6774.2
-8233.1
-9525.1
-10612.2
145
Liabilities
130
SDR allocations
131
132
133
134
135
136
Debt securities
SDR certificates
Treasury securities including savings bonds
Federal agency securities
Nonmarketable securities held by pension plans
137
Loans (mortgages)
138
139
140
141
142
143
144
145
2004
Net worth
Integrated Accounts
Note. The Federal government accounts exclude Federal employee retirement funds.
(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,
the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.
(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy
reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.
(3) Excludes land and nonproduced nonfinancial assets.
IMF International Monetary Fund
SDRs Special Drawing Rights
148
2004
2005
2006
2007
2008
2009
2010
2011
2012
1077.2
1137.7
1191.7
1250.3
1318.5
1385.2
1419.4
1454.2
1468.0
1491.9
Current account
1
134.5
143.8
157.3
170.3
186.6
200.2
208.2
212.7
221.7
231.4
3
4
5
6
7
942.6
945.4
678.5
266.9
-2.8
993.9
1000.6
702.7
297.9
-6.7
1034.4
1041.8
728.0
313.7
-7.3
1080.0
1091.1
763.3
327.8
-11.1
1131.9
1150.4
805.6
344.9
-18.5
1185.0
1207.1
847.4
359.7
-22.0
1211.3
1232.6
862.9
369.7
-21.4
1241.5
1261.3
862.6
398.7
-19.8
1246.3
1262.8
862.8
400.0
-16.5
1260.6
1274.8
869.3
405.5
-14.3
3
4
5
6
7
8
9
10
11
12
13
14
15
16
673.5
-2.8
717.8
-0.1
73.8
64.5
1.7
7.6
115.2
728.0
-6.7
768.7
-0.4
76.8
66.4
2.0
8.5
110.5
804.2
-7.3
835.1
-0.4
88.6
76.8
2.0
9.8
111.8
868.3
-11.1
892.7
-0.4
107.2
94.7
2.1
10.4
120.1
910.7
-18.5
940.0
-7.1
117.9
104.2
2.2
11.5
121.5
901.6
-22.0
947.9
-3.0
105.7
91.0
2.6
12.1
127.0
811.0
-21.4
934.8
-1.4
87.8
74.4
2.1
11.2
188.8
829.5
-19.8
960.4
-1.6
82.6
69.1
2.3
11.2
192.1
858.5
-16.5
988.5
-0.5
80.0
66.3
2.3
11.4
192.9
857.7
-14.3
1004.9
-0.5
78.5
64.2
2.4
11.9
211.0
8
9
10
11
12
13
14
15
16
17
18
19
20
21
673.5
260.8
19.9
353.6
405.0
728.0
289.2
24.7
385.0
422.4
804.2
331.4
24.6
406.6
436.4
868.3
361.7
21.5
403.9
438.9
910.7
381.4
18.9
433.3
460.9
901.6
381.0
18.7
455.4
477.8
811.0
333.4
18.6
492.6
566.1
829.5
345.3
18.1
523.8
612.0
858.5
377.7
18.3
532.0
581.8
857.7
400.2
17.5
544.3
552.6
17
18
19
20
21
22
1005.7
1079.2
1190.0
1286.5
1338.6
1323.7
1236.4
1281.0
1304.3
1283.7
22
23
1127.1
1187.6
1256.6
1325.9
1411.4
1488.7
1508.4
1518.3
1517.4
1536.4
23
24
-121.4
-108.4
-66.6
-39.4
-72.7
-165.1
-271.9
-237.3
-213.1
-252.7
24
-69.5
-121.4
-52.0
-60.4
-108.4
-48.0
-16.2
-66.6
-50.4
18.4
-39.4
-57.8
-13.4
-72.7
-59.3
-101.8
-165.1
-63.2
-204.2
-271.9
-67.7
-160.6
-237.3
-76.7
-139.2
-213.1
-73.9
-178.6
-252.7
-74.1
25
26
27
145.8
145.0
143.5
155.0
167.9
172.5
167.2
149.7
125.7
113.8
28
268.9
134.5
11.4
277.5
143.8
11.3
290.8
157.3
10.0
314.3
170.3
11.0
340.8
186.6
13.6
358.8
200.2
13.8
363.0
208.2
12.3
351.9
212.7
10.6
337.2
221.7
10.1
334.9
231.4
10.2
29
30
31
-215.2
-205.4
-159.7
-136.6
-181.2
-274.3
-371.4
-310.3
-264.8
-292.4
32
-215.2
-205.4
-159.7
-136.6
-181.2
-274.3
-371.4
-310.3
-264.8
-292.4
33
Capital account
25
26
27
28
29
30
31
32
Integrated Accounts
Financial account
33
34
46.3
171.2
254.1
205.1
237.9
-103.4
10.8
66.1
-56.6
-77.0
34
35
36
37
27.3
7.0
20.3
4.2
-3.5
7.7
19.0
15.8
3.2
22.3
5.4
16.9
33.0
-0.2
33.3
27.3
8.5
18.8
28.4
19.2
9.3
-1.3
5.6
-6.9
31.1
16.6
14.4
11.3
-8.9
20.3
35
36
37
38
39
40
41
42
43
Debt securities
Open market paper
Treasury securities
Agency- and GSE-backed securities (1)
Municipal securities
Corporate and foreign bonds
22.8
-0.7
7.1
12.0
0.4
3.9
95.7
2.7
43.1
36.8
1.1
11.9
155.6
-0.1
107.3
35.7
1.2
11.5
109.9
-1.4
58.3
39.0
1.4
12.6
135.3
-2.4
77.3
44.3
1.6
14.3
-91.6
-22.0
-46.3
-18.2
0.4
-5.6
-42.3
-39.0
-17.4
9.7
1.0
3.3
50.8
13.0
6.8
22.4
1.4
7.4
-72.9
-10.8
-45.5
-12.7
0.1
-4.0
-57.6
-5.4
-12.7
-29.4
-0.8
-9.4
38
39
40
41
42
43
44
45
46
Loans
Short term
Long term (mortgages)
6.6
1.7
5.0
22.0
7.1
14.9
20.3
5.7
14.6
21.8
5.7
16.1
24.5
6.2
18.3
-18.0
-12.0
-5.9
0.7
-4.2
4.9
8.6
-1.4
10.0
-11.0
-6.5
-4.5
-18.6
-6.9
-11.7
44
45
46
47
48
49
50
-4.7
4.8
-7.9
-1.6
21.5
12.8
5.3
3.4
21.5
13.6
4.4
3.5
23.8
15.4
4.5
3.9
27.2
17.8
4.9
4.4
-5.8
2.7
-7.8
-0.6
9.1
9.8
-2.3
1.7
16.3
13.7
-0.3
2.8
-5.1
-0.1
-4.3
-0.7
-16.4
-8.8
-5.0
-2.6
47
48
49
50
51
52
53
54
-5.8
-1.9
0.8
-4.7
27.8
8.5
12.9
6.4
37.7
17.4
14.3
6.0
27.4
8.9
12.1
6.4
17.9
7.8
3.0
7.2
-15.4
-15.4
5.2
-5.2
14.8
-4.6
-5.8
25.2
-8.3
13.1
1.1
-22.5
1.3
2.3
2.2
-3.2
4.3
8.2
1.5
-5.5
51
52
53
54
149
55
56
57
58
59
60
61
62
Addendum:
Net lending (+) or borrowing (-), financial account (lines 34-55)
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
268.1
329.0
230.7
213.9
306.5
233.0
445.0
377.3
272.7
184.8
55
120.5
10.4
110.1
178.5
22.2
156.3
141.1
-1.7
142.8
100.3
-8.2
108.5
146.0
16.8
129.2
17.1
4.6
12.5
112.2
7.8
104.4
68.7
-0.7
69.3
-53.6
-10.6
-42.9
-5.7
3.8
-9.4
56
57
58
0.1
0.3
0.6
0.6
0.7
0.8
0.8
0.9
0.9
0.4
59
118.8
120.2
57.1
78.7
123.1
176.5
293.0
269.3
287.0
151.0
60
28.8
30.0
31.9
34.3
36.7
38.6
38.9
38.5
38.4
39.1
61
-221.8
-157.8
23.4
-8.7
-68.6
-336.4
-434.2
-311.2
-329.4
-261.8
62
338.6
0.0
345.2
6.6
-698.5
0.0
-746.1
-47.6
215.9
-10.7
43.5
-183.1
318.9
0.0
191.0
-127.9
221.5
0.0
108.9
-112.7
-983.9
0.0
-921.8
62.1
362.3
0.0
425.2
62.9
39.9
0.0
40.8
0.9
-54.3
0.0
10.3
64.5
326.1
-7.6
303.1
-30.5
63
64
65
66
Revaluation account
67
68
69
70
Nonfinancial assets
Structures
Equipment
Intellectual property products
91.5
91.5
-0.6
0.6
504.5
501.0
2.6
0.9
473.4
472.2
0.4
0.8
605.0
602.7
1.1
1.1
460.9
457.9
0.6
2.4
411.4
403.0
6.6
1.8
-105.2
-104.3
-1.1
0.3
175.7
171.9
2.4
1.4
392.5
386.1
4.6
1.9
225.4
225.3
-1.3
1.3
67
68
69
70
71
29.0
11.8
5.4
16.9
5.1
-61.0
33.4
21.6
1.7
18.0
71
72
120.5
516.3
478.9
621.8
466.0
350.5
-71.8
197.3
394.3
243.4
72
389.7
-242.6
678.6
959.1
674.2
-735.3
86.4
76.6
200.8
390.9
73
74
6899.9
7721.2
8576.9
9547.9
10406.1
10812.3
10906.0
11307.8
11760.6
12041.6
74
75
76
77
78
Total assets
Nonfinancial assets (3)
Structures
Equipment
Intellectual property products
5024.4
4760.4
196.6
67.5
5662.8
5388.1
203.3
71.4
6259.0
5976.8
206.9
75.3
7008.0
6715.1
212.7
80.2
7623.1
7314.8
221.5
86.9
8193.3
7863.3
236.4
93.6
8243.0
7903.6
240.9
98.5
8557.5
8207.7
245.4
104.4
9065.2
8703.7
250.8
110.7
9386.3
9020.8
249.8
115.7
75
76
77
78
79
Financial assets
1875.5
2058.4
2317.9
2539.9
2783.0
2619.0
2663.0
2750.3
2695.4
2655.3
79
80
81
82
212.8
53.8
159.0
217.0
50.4
166.7
236.1
66.2
169.9
258.4
71.6
186.8
291.4
71.4
220.0
318.8
79.9
238.9
347.2
99.1
248.1
345.9
104.6
241.3
377.0
121.3
255.7
407.4
117.7
289.8
80
81
82
83
84
85
86
87
88
Debt securities
Open market paper
Treasury securities
Agency- and GSE-backed securities (1)
Municipal securities
Corporate and foreign bonds
965.8
150.6
361.8
340.8
4.5
108.1
1061.5
153.4
404.9
377.6
5.7
119.9
1217.1
153.2
512.2
413.3
6.9
131.4
1327.0
151.9
570.5
452.3
8.3
144.0
1462.3
149.5
647.8
496.6
10.0
158.4
1370.7
127.5
601.5
478.5
10.4
152.8
1328.3
88.5
584.1
488.2
11.4
156.1
1379.2
101.4
590.9
510.6
12.8
163.5
1306.3
90.6
545.4
497.9
12.9
159.6
1248.7
85.3
532.7
468.5
12.1
150.1
83
84
85
86
87
88
89
90
91
Loans
Short term
Long term (mortgages)
246.6
117.2
129.3
268.5
124.3
144.2
288.8
130.0
158.9
310.6
135.7
174.9
335.1
141.8
193.2
317.1
129.8
187.3
317.8
125.5
192.3
326.4
124.2
202.2
315.4
117.6
197.8
296.8
110.7
186.1
89
90
91
92
93
94
95
186.5
63.5
93.5
29.5
219.7
76.3
107.6
35.8
246.6
89.9
116.1
40.7
287.2
105.2
132.9
49.1
319.6
123.1
141.6
54.9
252.8
125.8
90.9
36.2
295.3
135.6
111.5
48.3
333.2
149.3
125.8
58.2
329.8
149.2
122.6
58.0
331.4
140.4
129.5
61.5
92
93
94
95
96
97
98
99
263.8
116.6
75.1
72.2
291.6
125.0
88.0
78.6
329.3
142.5
102.3
84.5
356.7
151.3
114.4
90.9
374.6
159.1
117.4
98.1
359.6
143.7
123.0
92.9
374.3
139.1
117.1
118.1
365.6
152.2
117.8
95.6
366.9
154.5
120.0
92.4
371.0
162.7
121.3
87.0
96
97
98
99
100
6899.9
7721.2
8576.9
9547.9
10406.1
10812.3
10906.0
11307.8
11760.6
12041.6
100
2144.9
3208.7
3385.9
3397.8
3581.9
4723.3
4730.6
5055.9
5307.8
5198.0
101
101
Liabilities
Integrated Accounts
150
102
103
104
105
106
107
108
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1558.8
106.1
1452.7
2438.2
44.2
2393.9
2579.2
42.5
2536.7
2679.6
34.3
2645.2
2825.6
51.2
2774.4
2842.7
55.8
2786.9
2954.9
63.6
2891.3
3023.6
63.0
2960.6
2970.0
52.3
2917.6
2964.3
56.1
2908.2
102
103
104
9.7
10.0
10.6
11.2
11.9
12.7
13.5
14.4
15.3
15.7
105
156.3
310.5
314.0
190.8
191.4
1276.3
1131.7
1348.9
1615.1
1471.5
106
420.1
450.1
482.0
516.2
553.0
591.6
630.5
669.0
707.4
746.5
107
4755.0
4512.4
5191.0
6150.1
6824.2
6089.0
6175.4
6252.0
6452.8
6843.7
108
Integrated Accounts
Note. The state and local government accounts exclude state and local employee retirement funds.
(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,
the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.
(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy
reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.
(3) Excludes land and nonproduced nonfinancial assets.
151
2004
2005
2006
2007
2008
2009
2010
2011
2012
Current account
1
2
3
4
1913.0
1544.3
288.1
80.7
2256.2
1797.9
361.4
96.9
2623.3
2026.1
482.3
114.9
2998.4
2240.9
655.7
101.7
3250.3
2375.5
749.1
125.7
3378.4
2556.4
683.8
138.3
2608.7
1976.0
496.5
136.1
3018.1
2362.0
514.1
142.0
3360.9
2669.9
542.1
149.0
3453.5
2743.1
565.7
144.6
1
2
3
4
5
6
7
1399.5
1043.4
356.1
1634.6
1183.1
451.4
1886.1
1310.4
575.8
2202.7
1478.5
724.2
2541.3
1665.7
875.5
2699.9
1843.1
856.8
2227.5
1583.8
643.7
2563.5
1843.5
720.0
2904.0
2101.1
802.8
3014.5
2195.9
818.6
5
6
7
513.5
621.7
737.1
795.7
709.1
678.5
381.2
454.5
457.0
439.0
513.5
621.7
737.1
795.7
709.1
678.5
381.2
454.5
457.0
439.0
-2.2
2.8
12.8
-2.0
-0.4
5.4
-0.6
-0.7
-1.6
6.6
10
0.1
0.0
0.1
-0.1
0.5
-0.0
0.0
-0.0
-0.1
0.0
11
515.7
618.9
724.3
797.8
709.0
673.1
381.7
455.2
458.6
432.4
12
Capital account
9
Net saving
10
11
12
13
515.7
618.9
724.3
797.8
709.0
673.1
381.7
455.2
458.6
432.4
13
14
800.2
1396.8
1112.4
1874.0
1802.4
569.9
236.5
1196.8
1108.4
696.8
14
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
47.6
0.0
47.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15
16
17
15
16
17
18
19
20
21
22
31.9
10.6
4.0
6.0
11.3
28.9
13.3
9.1
35.1
-28.6
24.6
8.4
6.4
20.3
-10.6
50.7
2.2
9.2
34.0
5.3
-74.2
-10.7
5.2
40.7
-109.5
497.9
29.2
34.8
78.5
355.4
-284.3
12.6
-21.8
-73.2
-201.9
-23.3
28.3
1.2
9.0
-61.8
343.0
55.0
26.8
47.2
213.9
-30.6
57.1
11.1
37.1
-136.0
18
19
20
21
22
23
24
25
26
27
28
Debt securities
Open market paper
Treasury securities
Agency- and GSE-backed securities (1)
Municipal securities
Corporate bonds
583.6
66.2
276.4
12.3
8.0
220.8
848.1
37.0
366.9
178.2
6.5
259.5
720.7
9.9
245.1
134.3
3.0
328.5
967.4
46.7
150.3
224.0
5.4
541.0
841.1
-8.3
165.3
248.8
10.7
424.6
421.9
-45.1
711.6
-228.6
5.9
-21.8
167.5
-41.4
554.4
-226.0
7.7
-127.3
643.9
-0.5
740.4
-72.3
13.1
-36.8
205.7
0.7
357.9
-41.6
-1.4
-109.9
501.9
3.4
589.5
-71.8
-2.4
-16.9
23
24
25
26
27
28
29
30
31
32
119.2
120.1
-0.8
0.0
211.2
204.9
6.3
0.0
79.5
48.2
31.3
0.0
60.9
54.6
6.2
0.0
182.5
80.2
102.3
0.0
-625.0
-580.4
-44.7
0.0
-86.7
-42.7
-44.0
0.0
54.0
74.2
-20.2
0.0
157.1
123.3
33.9
0.0
-49.7
2.6
-52.2
0.0
29
30
31
32
33
34
35
36
37
97.7
2.6
5.2
26.2
63.8
207.8
4.1
25.0
32.7
146.0
201.9
0.1
56.9
32.3
112.6
388.6
4.1
96.2
45.2
243.2
496.8
19.0
217.6
39.1
221.2
436.9
23.7
105.8
-2.7
310.1
369.7
7.2
154.9
57.2
150.4
384.8
-7.1
74.6
111.5
205.9
363.9
24.9
-38.7
147.5
230.2
398.5
20.2
29.9
182.0
166.4
33
34
35
36
37
38
39
40
-32.3
1.3
-33.5
100.9
-1.1
101.9
85.8
7.9
77.9
406.4
5.9
400.5
356.3
20.8
335.4
-161.7
6.5
-168.2
22.7
6.6
16.1
137.4
19.8
117.7
38.7
17.7
21.0
-123.3
11.5
-134.8
38
39
40
269.1
861.4
398.6
1066.6
1184.7
-166.7
5.7
758.9
557.9
250.5
41
41
42
SDR holdings
-0.6
0.4
-4.5
0.2
0.2
0.1
48.2
0.0
-1.8
0.0
42
43
44
45
46
47
35.2
0.6
-1.5
36.0
0.2
86.6
0.6
-3.8
89.9
-0.0
29.0
0.6
-10.2
40.8
-2.2
84.6
0.7
-3.3
87.2
-0.0
255.8
1.0
-1.0
256.0
-0.1
-389.5
1.3
3.5
-394.3
0.0
-106.5
0.7
3.4
-110.7
0.2
-7.4
0.5
1.3
-9.3
0.1
-28.8
-0.5
18.1
-46.3
-0.1
-25.8
0.4
4.0
-30.2
-0.1
43
44
45
46
47
48
49
50
Debt securities
Commercial paper
Bonds
47.6
18.9
28.7
155.0
69.2
85.8
103.1
38.6
64.5
326.2
98.4
227.8
149.4
-69.3
218.7
-229.8
-71.0
-158.8
222.7
59.4
163.3
57.2
-2.7
59.9
84.2
-53.5
137.7
90.1
27.9
62.2
48
49
50
51
52
53
54
55
56
180.5
183.2
-2.1
-0.5
0.0
0.0
132.0
134.7
-3.6
1.0
0.0
0.0
15.4
2.7
-4.6
17.3
0.0
0.0
61.8
52.3
-7.4
16.9
0.0
0.0
165.6
115.3
-3.2
29.4
0.0
24.0
177.0
-366.3
-1.5
15.1
0.0
529.7
-502.4
55.7
0.3
-14.8
0.0
-543.5
214.3
200.3
0.2
24.0
0.0
-10.2
215.9
71.6
1.4
43.2
0.0
99.7
-15.2
39.7
5.7
30.4
0.0
-90.9
51
52
53
54
55
56
Integrated Accounts
Financial account
152
57
58
59
60
61
62
63
64
65
Addendum:
Net lending, financial account (lines 14-41)
2004
2005
2006
2007
2008
2009
2010
2011
2012
313.1
118.0
1.4
149.6
44.1
377.4
84.8
2.0
316.2
-25.6
243.8
186.7
1.3
36.2
19.6
425.6
137.3
2.0
244.9
41.3
605.7
147.8
1.7
414.0
42.2
282.8
-38.5
1.4
329.1
-9.1
399.3
63.7
1.7
310.4
23.5
393.1
79.1
2.3
301.1
10.6
448.2
6.0
2.6
409.0
30.6
421.8
82.6
2.4
388.3
-51.5
57
58
59
60
61
-306.7
6.1
-312.8
109.9
3.5
106.4
11.8
6.3
5.5
168.3
6.2
162.1
8.1
12.4
-4.3
-7.3
-9.9
2.6
-55.6
6.1
-61.7
101.6
25.8
75.8
-159.9
-32.2
-127.8
-220.5
6.3
-226.8
62
63
64
531.1
535.4
713.8
807.4
617.6
736.6
230.9
437.9
550.5
446.3
65
15.4
0.0
-15.4
-83.5
0.0
83.5
-10.4
0.0
10.4
9.6
0.0
-9.6
-91.3
0.0
91.3
63.4
0.0
-63.4
-150.8
0.0
150.8
-17.3
0.0
17.3
91.9
0.0
-91.9
13.9
0.0
-13.9
66
67
68
180.5
328.9
-80.0
614.2
202.9
-1382.4
398.4
458.2
503.7
659.5
69
0.6
0.3
-0.6
0.4
0.4
-0.2
0.2
-1.0
-0.2
0.1
70
Revaluation account
69
Financial assets
70
SDR allocations
71
72
73
74
Debt securities
Treasury securities
Agency- and GSE-backed securities
Corporate bonds
-49.7
-48.4
12.5
-13.8
-55.8
-66.9
41.7
-30.7
-195.4
-74.3
3.4
-124.4
34.8
-8.5
26.7
16.6
129.1
85.0
70.0
-26.0
-125.7
164.9
53.2
-343.8
76.2
-136.8
-26.0
239.1
144.7
47.9
1.4
95.5
298.3
190.2
38.1
70.0
127.0
-22.6
-4.5
154.2
71
72
73
74
75
76
77
78
487.0
447.8
21.9
17.3
237.7
205.0
17.0
15.8
142.1
77.5
14.0
50.6
347.3
312.8
29.6
4.9
134.8
145.6
18.5
-29.3
-1484.6
-1110.0
-116.0
-258.6
416.3
514.7
51.2
-149.6
468.7
410.9
38.2
19.6
196.5
186.8
-15.9
25.7
483.5
402.5
69.6
11.4
75
76
77
78
-257.5
146.7
-26.2
231.7
-61.3
228.1
-94.4
-154.3
9.0
48.9
79
644.3
699.9
876.6
1129.1
1151.9
-2207.5
1590.6
853.7
-441.9
963.3
80
79
80
81
SDR holdings
1.1
0.5
-0.9
0.4
0.5
-0.2
0.2
-1.0
-0.1
0.1
81
82
83
84
85
86
7.4
5.3
2.1
0.0
0.0
3.1
2.4
0.8
0.0
0.0
-6.7
-5.5
-1.2
0.0
0.0
2.7
2.4
0.3
0.0
0.0
4.1
3.9
0.2
0.0
0.0
2.5
2.5
-0.0
0.0
0.0
0.6
0.3
0.3
0.0
0.0
0.9
1.0
-0.2
0.0
0.0
-7.5
0.3
-7.8
0.0
0.0
-6.6
-2.3
-4.3
0.0
0.0
82
83
84
85
86
87
137.5
30.2
-37.9
36.2
92.8
-191.0
169.7
101.0
70.9
138.5
87
88
89
90
625.3
587.4
37.9
524.0
396.2
127.8
687.6
570.6
117.0
925.5
873.9
51.5
962.1
771.2
190.9
-2594.7
-2461.0
-133.7
1201.6
1183.2
18.5
720.9
825.8
-104.9
-424.3
-404.8
-19.4
832.8
806.5
26.3
88
89
90
91
-126.9
142.0
234.6
164.4
92.4
575.9
218.3
31.9
-80.9
-1.5
91
-463.9
-371.0
-956.6
-514.9
-949.0
825.2
-1192.2
-395.5
945.6
-303.8
92
67.2
164.4
-242.8
292.5
-331.3
1561.8
-961.3
42.4
1496.1
142.5
93
8946.9
10672.6
11705.0
14193.3
16198.6
15386.1
16021.0
17676.0
19288.1
20644.3
94
7.3
7.6
7.0
7.4
7.7
7.5
55.4
54.4
54.2
54.3
95
496.8
258.7
4.2
158.1
75.9
525.7
272.0
13.3
193.2
47.3
550.3
280.4
19.7
213.5
36.7
601.0
282.6
28.9
247.5
42.0
526.8
272.0
34.2
288.2
-67.5
1024.7
301.1
69.0
366.7
287.9
740.4
313.8
47.2
293.5
86.0
717.1
342.1
48.4
302.5
24.2
1060.1
397.1
75.2
349.7
238.1
1029.4
454.2
86.3
386.8
102.1
96
97
98
99
100
92
94
Integrated Accounts
95
SDR allocations
96
97
98
99
100
153
2004
2005
2006
2007
2008
2009
2010
2011
2012
3711.1
192.8
1513.5
655.3
19.5
1330.0
4503.4
229.8
1813.6
875.2
26.0
1558.9
5028.8
239.6
1984.4
1012.9
29.0
1762.9
6030.9
286.3
2126.2
1263.6
34.4
2320.5
7001.1
278.1
2376.4
1582.4
45.1
2719.1
7297.3
232.9
3253.0
1406.9
51.0
2353.5
7541.0
191.5
3670.6
1154.9
58.7
2465.3
8329.6
191.0
4458.8
1084.0
71.7
2524.0
8833.5
191.7
5006.9
1080.6
70.3
2484.0
9462.4
195.2
5573.8
1004.3
67.9
2621.3
101
102
103
104
105
106
585.2
460.2
125.0
0.0
796.4
665.1
131.2
0.0
875.9
713.3
162.5
0.0
1197.8
1029.0
168.8
0.0
1380.2
1109.1
271.1
0.0
849.7
623.3
226.4
0.0
744.0
561.5
182.5
0.0
798.0
635.8
162.3
0.0
959.3
763.1
196.1
0.0
909.6
765.7
143.9
0.0
107
108
109
110
3420.5
18.8
1674.6
146.1
1581.0
3866.0
22.9
1904.6
195.8
1742.7
4210.0
23.0
2039.1
242.0
1906.0
4946.0
27.0
2448.1
316.8
2154.1
5577.6
46.0
2811.3
374.3
2345.9
4529.8
69.7
1807.1
255.6
2397.4
5315.9
76.9
2476.7
364.1
2398.2
6169.4
69.8
2962.2
513.8
2623.6
6729.9
79.5
3035.3
735.6
2879.5
7611.8
99.7
3467.6
987.1
3057.3
111
112
113
114
115
101
102
103
104
105
106
Debt securities
Open market paper
Treasury securities
Agency- and GSE-backed securities (1)
Municipal securities
Corporate bonds
107
108
109
110
111
112
113
114
115
116
117
118
725.9
50.1
675.9
973.5
49.0
924.5
1033.1
56.9
976.2
1410.2
62.8
1347.5
1705.2
83.6
1621.6
1677.1
90.1
1587.0
1624.4
96.7
1527.7
1607.5
116.4
1491.1
1651.1
134.2
1517.0
1576.8
145.6
1431.1
116
117
118
119
8946.9
10672.6
11705.0
14193.3
16198.6
15386.1
16021.0
17676.0
19288.1
20644.3
119
120
Total liabilities
6744.4
8305.8
9581.0
11776.8
14113.4
11739.2
13335.4
14948.0
15064.0
16277.8
120
121
SDR holdings
12.6
13.6
8.2
8.9
9.5
9.3
57.8
56.8
55.0
55.1
121
122
123
124
125
126
932.1
39.7
22.5
867.1
2.8
1021.9
42.7
19.5
957.0
2.8
1044.2
37.8
8.0
997.8
0.6
1131.5
40.9
5.0
1085.0
0.6
1391.4
45.8
4.2
1340.9
0.5
1004.4
49.6
7.7
946.7
0.5
898.5
50.5
11.4
835.9
0.7
891.9
52.1
12.5
826.6
0.8
855.6
51.9
22.8
780.3
0.7
823.2
49.9
22.6
750.1
0.7
122
123
124
125
126
127
128
129
Debt securities
Commercial paper
Bonds
1145.1
276.1
868.9
1330.3
345.3
985.0
1395.5
384.0
1011.6
1757.8
482.3
1275.5
2000.1
413.0
1587.1
1579.3
342.0
1237.3
1971.7
401.3
1570.3
2129.9
398.6
1731.3
2285.0
345.1
1939.9
2513.7
373.0
2140.7
127
128
129
130
131
132
133
134
135
479.1
344.8
42.2
92.2
0.0
0.0
611.1
479.4
38.6
93.1
0.0
0.0
626.5
482.1
34.0
110.4
0.0
0.0
818.3
664.4
26.6
127.4
0.0
0.0
955.4
770.7
23.4
137.3
0.0
24.0
1236.1
508.4
21.6
152.4
0.0
553.7
700.2
530.5
21.9
137.5
0.0
10.3
916.0
731.8
22.1
162.0
0.0
0.1
1136.6
808.0
23.5
205.2
0.0
99.8
1127.1
847.7
32.8
237.7
0.0
8.9
130
131
132
133
134
135
136
137
138
139
140
4207.0
2079.4
40.0
2054.5
33.1
5108.4
2560.4
42.0
2498.5
7.5
6039.8
3317.7
43.2
2651.7
27.1
7390.8
4329.0
45.3
2948.2
68.4
8958.6
5248.0
46.9
3553.1
110.6
6646.8
2748.4
48.3
3748.5
101.5
8247.7
3995.3
50.0
4077.4
125.1
9361.7
4900.2
52.3
4273.6
135.6
9385.7
4501.4
54.9
4663.1
166.3
10640.3
5390.5
57.3
5077.8
114.7
136
137
138
139
140
141
142
143
-31.5
44.7
-76.2
220.4
48.2
172.2
466.8
54.5
412.3
669.4
60.7
608.8
798.4
73.1
725.3
1263.3
63.2
1200.1
1459.5
69.3
1390.2
1591.6
95.1
1496.5
1346.2
63.0
1283.2
1118.5
69.3
1049.2
141
142
143
2202.5
2366.8
2124.0
2416.5
2085.2
3646.9
2685.6
2728.0
4224.0
4366.5
144
144
Integrated Accounts
(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,
the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.
(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy
reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.
(3) Excludes nonfinancial assets, including nonproduced nonfinancial assets.
IBRD International Bank for Reconstruction and Development
IMF International Monetary Fund
SDRs Special Drawing Rights
n.e.c. Not elsewhere classified