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31078_1975-1979

31078_1975-1979

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A44 Domestic
 Nonfinancial
 Statistics • January 977
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS
Billions of dollars; half-year figures are at seasonally adjusted annual rates Transaction category, or sector 1967 1968 1969 1970 1971 1972 1973 1974 1975 1975 1976 Transaction category, or sector 1967 1968 1969 1970 1971 1972 1973 1974 1975 HI H2 HI 1 Nonfinancial sectors 83.9 98.3 93.5 100.7 151.0 176.9 197.6 188.8 210.4 184.2 236.5 242.0 1 2
Excluding equities 81.5 98.3 89.6 94.9 139.6 166.4 190.0 185.0 200.3 173.8 226.9 228.3
2 By sector and/or instrument: 3 U.S. Govt 13.0 13.6 -3.7 11.9 24.7 15.2 8.3 12.0 85.2 80.8 89.6 73.8 3 4 Public debt securities 8.9 10.5 -1.3 12.9 26.0 14.3 7.9 12.0 85.8 82.0 89.7 73.9 4 5 Agency issues and mortgages 4.1 3.1 -2.4 -1.0 -1.3 1.0 .4
-.6
-1.2 -.1 5 6 All other nonfinancial sectors 70.9 84.8 97.1 88.8 126.3 161.7 189.4 176.8 125.2 103.4 146.9 168.2 6 7 Corporate equities 2.4 3.9 5.8 11.5 10.5 7.7 3.8 10.0 10.5 9.6 13.7 7 8 Debt instruments 68.5 84.8 93.3 83.0 114.8 151.2 181.7 173.0 115.1 93.0 137.3 154.5 8 9 Private domestic nonfinancial sectors 66.9 81.9 93.5 86.1 121.1 157.7 183.1 161.6 112.2 94.9 129.4 152.5 9 10 Corporate equities 2.4 -.2 3.4 5.7 11.4 10.9 7.9 4.1 9.9 10.3 9.5 13.3 10 11
Debt instruments 64.5 82.1 90.1 80.4 109.7 146.8 175.3 157.5 102.3 84.6 119.9 139.2
11 12
Debt capital instruments 46.1 51.8 52.5 60.2 86.8 102.8 106.7 101.2 101.3 97.5 105.1 111.8
12 13 State and local obligations 7.8 9.5
9.9
11.2 17.5 15.4 16.3 19.6 17.3 16.2 18.4 18.4 13 14 Corporate bonds 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 27.2 33.4 21.0 20.7 14 15 Mortgages: 13.4 17.3 5 Home 13.4 17.3 18.1 14.4 28.6 42.6 46.4 34.6 40.8 33.5 48.1 54.4 15 16 Multifamily residential 3.6 3.4 4.9 6.9 9.7 12.7 10.4 7.0 -.1 -.2 .9 16 17 Commercial 4.7 6.6 5.7 7.1 9.8 16.4 18.9 15.1 10.9 8.7 13.1 11.5 17 18 Farm 2.0 2.2 1.8 .8 2.4 3.6 5.5 5.1 5.2 5.6 4.8 5.9 18 19
Other debt instruments 18.4 30.2 37.6 20.1 22 8 44.0 68.6 56.3 1.0 -12.8 14.8 27.4
19 20 Consumer credit 4.5 10.0 10.4 5.9 11.6 18.6 21.7 9.8 8.5 1.1 16.0 19.4 20 21 Bank loans n.e.c 9.6 13.8 15.5 6.7 6.5 18.1 34.8 26.2 -14.5 23 5 -5.5 -12.7 21 22 Open market paper 1.7 1.5 1.8 2.6 -.4 .8 2.5 6.8 -2.2 -.2 -4.2 8.1 22 23 Other 2.6 5.0 9.9 5.0 5.1 6.5 9.6 13.5 9.1 9.7 8.5 12.6 23 24
By borrowing sector 66.9 81.9 93.5 86.1 121.1 157.7 183.1 161.6 112.2 94.9 129.4 152.5
24 25 State and local governments 7.9 9.8 10.7 11.3 17.8 15.2 14.8 18.6 14.9 13.9 15.9 16.7 25 26 Households 22.4 32.1 33.8 25.3 42.1 64.8 73.5 45.2 49.7 39.0 60.4 72.8 26 27 Farm 3.3 2.8 3.1 2.3 4.5 5.8 9.7 7.9 9.4 9.4 9.4 11.0 27 28 Nonfarm noncorporate 4.4 5.3 7.5 5.7 10.3 13.1 12.3 6.7 1.2 -.8 3.2 5.2 28 29 Corporate 28.9 31.9 38.4 41.5 46.4 58.8 72.9 83.1 37.1 33.5 40.6 46.8 29 30 Foreign 4.0 2.8 3.7 2.7 5.2 4.0 6.1 15.3 13.0 8.5 17.4 15.7 30 31 Corporate equities .1 .2 .5 .1 -.4 -.2 -.2 l .1 .1 .3 31 32
Debt instruments 4.0 2.7 3.2 2.7 5.2 4.4 6.4 15.5 12.8 8.4 17.3 15.3
32 33 Bonds 1.2 1.1 1.0
.9
.9 1.0 1.0 2.1 6.2 5.7
6.7
7.6 33 34 Bank loans n.e.c -.3 -.5 -.2 -.3 2.1 3.0 2.8 4.7 4.0 .6 7.4 3.7 34 35 Open market paper .5 -.2 .3 .8 .3 -1.0 .9 7.1 -.
 1
-1.2 1.0 .8 35 36 U.S. Govt, loans 2.6 2.2 2.1 1.3 1.8 1.5 1.7 1.6 2.8 3.3 2.2 3.2 36 37 MEMO: U.S. Govt, cash balance 1.2 -1.2 .5 2.8 3.2 -.3 -1.7 -4.6 2.9 .5 5.2 10.8 37 Totals net of changes in U.S. Govt, cash balance: 10.8 37 38 Total funds raised 82.7 99.5 93.0 97.9 147.8 177.2 199.3 193.4 207.5 183.7 231.3 231.2 38 39 By U.S. Govt 11.8 14.8 -4.1 9.1 21.6 15.5 9.9 16.6 82.3 80.3 84.4 63.0 39 40 Financial sectors 2.0 17.2 35.2 15.8 17.0 29.1 56.7 43.0 14.8 15.1 14.6 29.7 40 By instrument: 41
U.S. Govt related .1 4.0 9.5 9.8 5.9 8.4 19.9 23.1 13.5 14.0 13.1 18.0
41 42 Sponsored credit agencies -.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 2.3 1.4 3.3 3.9 42 43 Mortgage pool securities .7 .5 .7 1.6 4.8 4.9 3.6 5.8 10.3 11.5 9.2 14.2 43 44 Loans from U.S. Govt
 _ 1
.2 -.3 .7 .9
J J
6 44 45
Private financial sectors 2.0 13.2 25.8 6.0 11.1 20.7 36.8 19.9 1.3 1.1 1.4 11.7
45 46 Corporate equities 3.1 6.5 6.3 4.8 3.5 2.8 1.5 1.0 1.2 1.2 1.2 .7 46 47
Debt instruments -1.1 6.7 19.5 1.2 7.6 18.0 35.3 18.9 .1 .3 11.0
47 48 Corporate bonds
.1
.4 .8 2.7 3.8 5.1 3.5 2.1
2.9
3.2 2.6 6.1 48 49 Mortgages 1.0 .4 .2 .7 2.1 1.7 -1.2 -1.3
2.3
1.2 3.4 1.2 49 50 Bank loans n.e.c -2.0 1.5 1.5 3.5 6.8 14.0 7.5 -3.9 -4.7 -3.2 -2.8 50 51 Open market paper and RP's 1.8 3.4 12.9 -3.5 .9 4.4 11.8 3.9 2.8 7.6 -1.9 8.7 51 52 Loans from FHLB's -2.5 .9 4.0 1.3 -2.7 7.2 6.7 -4.0 -7.3 -.6 -2.3 52 By sector: 53 Sponsored credit agencies -.6 3.5 8.8 8.2 1.1 3.5 16.3 17.3 3.2 2.5 4.0 3.9 53 54 Mortgage pools .7 .5 .7 1.6 4.8 4.9 3.6 5.8 10.3 11.5 9.2 14.2 54 55
Private financial sectors 2.0 13.2 25.8 6.0 11.1 20.7 36.8 19.9 1.3 1.1 1.4 11.7
55 56 Commercial banks .8 2.4 -2.0 2.4 4.8 8.1 -1.1
1.7
6.4 -3.0 11.3 56 57 Bank affiliates 4.3 -1.9 — .4
, 7
2.2 3 5
3 9 _ 3
— 1.3 57 58 Foreign banking agencies
1
.2 -1.9 1.6 .8
5.
1
2.9 .9 .2
— 1.5 58 59 Savings and loan associations -1.7 1.1 4.1
1
2.0 6.0 6.3 -2.1 -7.8 3.6 -.7 59 60 Other insurance companies
1
.2 .5
.4
.6 .5 .5 .9 .9 .9 1.0 1.0 60 61 Finance companies .6 3.9 7.8
2.6
2.7 6.2 9.4 4.5 .7 -.8 2.1 6.7 61 62 REIT's 1.2 1.5
2.2
2.9 6.3 6.5 1.1 -1.9 -1.6 -2.2 -1.9 62 63 Open-end investment companies 3.0 5.9 4.9 2.8 1.3 -.5 -1.2 -.5 .8 1.5 .1 -1.1 63 64 Monev market funds 2.4 1.3 2.6
_ _ 7
64 65 All sectors, by instrument 85.9 115.5 128.7 116.4 168.1 206.0 254.3 231.8 225.2 199.4 251.1 271.7 65 66 Investment company shares 3.0 5.9 4.9 2.8 1.3 -.5 -1.2 -.5 .8 1.5 .1 -1.1 66 67 Other corporate equities 2.5 .6 5.2 7.7 13.7 13.8 10.4 5.4 10.4 10.2 10.7 15.4 67 68
Debt instruments 80.4 109.0 118.6 105.9 153.1 192.8 245.2 227.0 214.0 187.7 240.3 257.4
68 69 U.S. Govt, securities 13.2 17.4 6.2 21.7 30.7 23.7 28.3 34.5 98.0 93.6 102.4 91.8 69 70 State and local obligations 7.8 9.5 9.9 11.2 17.5 15.4 16.3 19.6 17.3 16.2 18.4 18.4 70 71 Corporate and foreign bonds 16.6 14.4 13.8 23.3 23.5 18.4 13.6 23.9 36.3 42.3 30.3 34.4 71 72 Mortgages 24.6 29.8 30.7 29.9 52.5 76.8 79.9 60.5 59.0 49.1 69.0 74.1 72 73 Consumer credit 4.5 10.0 10.4 5.9 11.6 18.6 21.7 9.8 8.5 1.1 16.0 19.4 73 74 Bank loans n.e.c 7.3 14.8 16.8 6.3 12.1 27.8 51.6 38.4 -14.4 -27.6 -1.2 -11.8 74 75 Open market paper and RP's 3.9 4.8 15.1 -.
 1
.8 4.1 15.2 17.8 .5 6.2 -5.1 17.7 75 76 Other loans 2.5 8.3 15.8 7.7 4.2 8.0 18.5 22.5 8.7 6.8 10.7 13.5 76 NOTE.—Full statements for sectors and transaction types quarterly, and Flow of Funds Section, Division of Research and Statistics, Board of annually for flows and for amounts outstanding, may be obtained from Governors of the Federal Reserve System, Washington, D.C. 20551.
January 1977
 
A44 Domestic
 Nonfinancial
 Statistics February 977
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS
Billions of dollars; half-year figures are at seasonally adjusted annual rates Transaction category, or sector 1969 1970 1971 1972 1973 1974 1975 1975 1976 Transaction category, or sector 1969 1970 1971 1972 1973 1974 1975 HI H2 HI 1 NONFINANCIAL SECTORS 93.5 100.7 151.0 176.9 197.6 188.8 210.4 184.2 236.5 242.0 1 2
Excluding equities 89.6 94.9 139.6 166.4 190.0 185.0 200.3 173.8 226.9 228.3
2 By sector and/or instrument: 3 U.S. Govt -3.7 11.9 24.7 15.2 8.3
12.0
85.2 80.8 89.6 73.8 3 4 Public debt securities -1.3 12.9 26.0 14.3 7.9 12.0 85.8 82.0 89.7 73.9 4 5 Agency issues and mortgages -2.4 -1.0 -1.3 1.0 .4 -.6 -1.2 _ 1 -.1 5 6 All other nonfinancial sectors 97.1 88.8 126.3 161.7 189.4 176.8 125.2 103.4 146.9 168.2 6 7 Corporate equities 3.9 5.8 11.5 10.5 7.7 3.8 10.0 10.5 9.6 13.7 7 8 Debt instruments 93.3 83.0 114.8 151.2 181.7 173.0 115.1 93.0 137.3 154.5 8 9 Private domestic nonfinancial sectors 93.5 86.1 121.1 157.7 183.1 161.6 112.2 94.9 129.4 152.5 9 10 Corporate equities 3.4 5.7 11.4 10.9 7.9 4.1 9.9 10.3 9.5 13.3 10 11
Debt instruments 90.1 80.4 109.7 146.8 175.3 157.5 102.3 84.6 119.9 139.2
11 12
Debt capital instruments 52.5 60.2 86.8 102.8 106.7 101.2 101.3 97.5 105.1 111.8
12 13 State and local obligations
9.9
11.2 17.5 15.4 16.3 19.6 17.3
16.2
18.4 18.4 13 14 Corporate bonds 12.0 19.8 18.8 12.2 9.2 19.7 27.2
33.4
21.0 20.7 14 Mortgages: 20.7 15 Home
18.1
14.4 28.6 42.6 46.4 34.6 40.8
33.5
48.1 54.4 15 16 Multifamily residential
4.9
6.9 9.7 12.7 10.4 7.0 -.1 -.2 .9 16 17 Commercial
5.1
7.1 9.8 16.4 18.9 15.1 10.9 8.7 13.1 11.5 17 18 Farm 1.8 .8 2.4 3.6 5.5 5.1 5.2 5.6 4.8 5.9 18 19
Other debt instruments 37.6 20.1 22.8 44.0 68.6 56.3 1.0 -12.8 14.8 27.4
19 20 Consumer credit 10.4
5.9
11.6 18.6 21.7 9.8 8.5 1.1 16.0 19.4 20 21 Bank loans n.e.c 15.5 6.7 6.5 18.1 34.8 26.2 -14.5 -23.5 -5.5 -12.7 8.1 21 22 Open market paper 1.8 2.6 -.4 .8 2.5 6.8 -2.2 -.2 -4.2 -12.7 8.1 22 23 Other 9.9 5.0 5.1 6.5 9.6 13.5 9.1 9.7 8.5 12.6 23 24
By borrowing sector 93.5 86.1 121.1 157 7 183.1 161.6 112.2 94.9 129.4 152.5
24 25 State and local governments 10.7 11.3 17.8 15.2 14.8 18.6 14.9 13.9 15.9 16.7 25 26 Households 33.8 25.3 42.1 64.8 73.5 45.2 49.7 39.0 60.4 72.8 26 27 Farm 3.1 2.3 4.5 5.8 9.7 7.9 9.4 9.4 9.4 11.0 27 28 Nonfarm noncorporate 7.5 5.7 10.3 13.1 12.3 6.7 1.2 -.8 3.2 5.2 28 29 Corporate 38.4 41.5 46.4 58.8 72.9 83.1 37.1 33.5 40.6 46.8 29 30 Foreign 3.7 2.7 5.2 4.0 6.1 15.3 13.0 8.5 17.4 15.7 30 31 Corporate equities .5 .1 -.4 -.2 -.2 .1 .1 .
 1
.3 31 32
Debt instruments 3.2 2.7 5.2 4.4 6.4 15.5 12.8 8.4 17.3 15.3
32 33 Bonds 1.0
.9 .9
1.0 1.0 2.1
6.2
5.7 6.7
1.6
33 34 Bank loans n.e.c -.2 -.3 2.1 3.0 2.8 4.7 4.0 .6 7.4 3.7 .8 4 35 Open market paper .3 .8 .3 -1.0 .9 7.1 i -1.2 1.0 3.7 .8 35 36 U.S. Govt, loans 2.1 1.3 1.8 1.5 1.7 1.6 2 8 3.3 2.2 3.2 36 37 MEMO: U.S. Govt, cash balance .5 2.8 3.2 -.3 -1.7 -4.6 2.9 .5 5.2 10.8 37 Totals net of changes in U.S. Govt, cash .5 5.2 10.8 37 balance: 38 Total funds raised 93.0 97.9 147.8 177.2 199.3 193.4 207.5 183.7 231.3 231.2 38 39 By U.S. Govt -4.1 9.1 21.6 15.5 9.9 16.6 82.3 80.3 84.4 63.0 39 40 FINANCIAL SECTORS 35.2 15.8 17.0 29.1 56.7 43.0 14.8 15.1 14.6 29.7 40 By instrument: 41
U.S. Govt, related 9.5 9.8 5.9 8.4 19.9 23.1 13.5 14.0 13.1 8.0
41 42 Sponsored credit agencies 9.1 8.2 1.1 3.5 16.3 16.6 2.3 1.4 3.3 3.9 42 43 Mortgage pool securities .7 1.6 4.8 4.9 3.6 5.8 10.3 11.5 9.2 14.2 43 44 Loans from U.S. Govt -.3 7
9
1 1 .6 44 45
Private financial sectors 25.8 6.0 11.1 20.7 36.8 19.9 1.3 l .l 1.4 11.7
45 46 Corporate equities 6.3 4.8 3.5 2.8 1.5 1.0 1.2 1.2 1.2
.1
46 47
Debt instruments 19.5 1.2 7.6 18.0 35.3 18.9 .1 .3
11.0
47 48 Corporate bonds .8 2.7 3.8 5.1 3.5 2.1
2.9
3.2 2.6 6.1 48 49 Mortgages .2 .7 2.1 1.7 -1.2 -1.3 2.3 1.2 3.4 1.2 49 50 Bank loans n.e.c 1.5 3.5 6.8 14.0 7.5 -3.9 -4.7 -3.2 -2.8 50 51 Open market paper and Rp's 12.9 -3.5 .9 4.4 11.8 3.9 2.8 7.6 -1.9 8.7 51 52 Loans from FHLB's 4.0 1.3 -2.7 7.2 6.7 -4.0 -7.3 -.6 -2.3 52 By sector: 53 Sponsored credit agencies 8.8 8.2 1.1 3.5 16.3 17.3 3.2 2.5 4.0 3.9 53 54 Mortgage pools .7 1.6 4.8 4.9 3.6 5.8 10.3 11.5 9.2 14.2 54 55
Private financial sectors 25.8 6.0 11.1 20.7 36.8 19.9 1.3 1.1 1.4 11.7
55 56 Commercial banks 2.4 -2.0 2.4 4.8 8.1 -1.1 1.7 6.4 -3.0 11.3 56 57 Bank affiliates 4.3 -1.9 -.4 .7 2.2 3.5 .3 .9 -.3 -1.3 57 58 Foreign banking agencies .2 .1 1.6 .8 5.1 2.9 -.3 -.9 .2 -1.5 58 59 Savings and loan associations 4.1 1.8
1
2.0 6.0 6.3 -2.1 -7.8 3.6 -.7 59 60 Other insurance companies .5 .4 .6 .5 .5 .9 .9 .9 1.0 1.0 60 61 Finance companies 7.8 2.6 2.7 6.2 9.4 4.5 .7 -.8 2.1 6.7 61 62 REIT's 1.5 2.2 2.9 6.3 6.5 1.1 -1.9 -1.6 -2.2 -1.9 62 63 Open-end investment companies 4.9 2.8 1.3 -.5 -1.2 -.5 .8 1.5 .1 -1.1 63 64
Monev market funds
2.4 1.3 2.6 —. 7 64 65 ALL SECTORS, by instrument 128.7 116.4 168.1 206.0 254.3 231.8 225.2 199.4 251.1 271.7 65 66 Investment company shares 4.9 2.8 1.3 -.5 -1.2 -.5 .8 1.5
J
-1.1 66 67 Other corporate equities 5.2 7.7 13.7 13.8 10.4 5.4 10.4 10.2 10*. 7 15.4 67 68
Debt instruments 118.6 105.9 153.1 192.8 245.2 227.0 214.0 187.7 240.3 257.4
68 69 U.S. Govt, securities 6.2 21.7 30.7 23.7 28.3 34.5 98.0 93.6 102.4 91.8 69 70 State and local obligations 9.9 11.2 17.5 15.4 16.3 19.6 17.3 16.2 18.4 18.4 70 71 Corporate and foreign bonds 13.8 23.3 23.5 18.4 13.6 23.9 36.3 42.3 30.3 34.4 71 72 Mortgages 30.7 29.9 52.5 76.8 79.9 60.5 59.0 49.1 69.0 74.1 72 73 Consumer credit 10.4 5.9 11.6 18.6 21.7 9.8 8.5 1.1 16.0 19.4 73 74 Bank loans n.e.c 16.8 6.3 12.1 27.8 51.6 38.4 -14.4 -27.6 -1.2 -11.8 74 75 Open market paper and Rp's 15.1 -.1 .8 4.1 15.2 17.8 .5 6.2 -5.1 17.7 75 76 Other loans 15.8 7.7 4.2 8.0 18.5 22.5 8.7 6.8 10.7 13.5 76 NOTE.—Full statements for sectors and transaction types quarterly, and Flow of Funds Section, Division of Research and Statistics, Board of annually for flows and for amounts outstanding, may be obtained from Governors of the Federal Reserve System, Washington, D.C. 20551.
February 1977
 
A44 Domestic Financial Statistics March 1977
1.57 FUNDS RAISED IN U.S. CREDIT MARKETS
Billions of dollars; half-year data are at seasonally adjusted annual ratesTransaction category, or sector 1975 19761971 1972 1973 1974 1975 1976HI H2 HI H21 NONFINANCIAL SECTORS......................... 151.0 176.9 197.6 188.8 210.4 257.7 184.2 236.5 238.3 277.2 12
 Excluding equities
..........................................
By sector and/or instrument:
139.6 166.4 190.0 185.0 200.3 247.3 173.8 226.9 224.7 269.9
 23 U.S. Govt........................................................ 24.7 15.2 8.3 12.0 85.2 68.9 80.8 89.6 71.7 66.2 34 Public debt securities................................. 26.0 14.3 7.9 12.0 85.8 69.1 82.0 89.7 71.8 66.5 45 Agency issues and mortgages
...................
 -1.3 1.0 .4 * -.6 - .2 -1.2 -.1 -.1 - .4 56 All other nonfinancial sectors......................... 126.3 161.7 189.4 176.8 125.2 188.8 103.4 146.9 166.6 211.0 67 Corporate equities
..................................... 11.5 10.5 7.7 3.8 10.0 10.5 10.5 9.6 13.6 7.3 78 Debt instruments....................................... 114.8 151.2 181.7 173.0 115.1 178.3 93.0 137.3 153.0 203.7 89 Private domestic nonfinancial sectors
........
 121.1 157.7 183.1 161.6 112.2 168.5 94.9 129.4 151.1 185.8 910 Corporate equities
.................................. 11.4 10.9 7.9 4.1 9.9 10.1 10.3 9.5 13.3 6.9 1011
 Debt instruments
.....................................
 109.7  146.8 175.3 157.5 102.3 158.4 84.6  119.9 137.8 178.9
 1112
 Debt capital instruments
............
.........
 86.8 102.8 106.7 101.2 101.3 122.0 97.5 105.1 110.6 133.4
 1213 State and local obligations
............
 17.5 15.4 16.3 19.6 17.3 18.2 16.2 18.4 17.9 18.6 1314 Corporate bonds.............................Mortgages:18.8 12.2 9.2 19.7 27.2 23.7 33.4 21.0 20.7 26.7 1415 Home
..........................................
 28.6 42.6 46.4 34.6 40.8 59.1 33.5 48.1 53.5 64.8 1516 Multifamily residential
...............
 9.7 12.7 10.4 7.0 -.1 1.3 *-.2 .7 1.9 1617 Commercial
................................
 9.8 16.4 18.9 15.1 10.9 12.8 8.7 13.1 11.9 13.7 1718 Farm............................................ 2.4 3.6 5.5 5.1 5.2 6.9 5.6 4.8 6.0 7.8 1819
 Other debt instruments
.......................
 22.8 44.0 68.6 56.3 1.0 36.4 -12.8 14.8 27.2 45.5
 1920 Consumer credit............................. 11.6 18.6 21.7 9.8 8.5 20.5 1.1 16.0 19.4 21.6 2021 Bank loans n.e.c.............................. 6.5 18.1 34.8 26.2 -14.5 -2 .2 -23.5 -5.5 -12.9 8.6 2122 Open market pape
........................
 - .4 .8 2.5 6.8 -2 .2 3.5 - .2 -4.2 8.2 -1.3 2223 Other............................................... 5.1 6.5 9.6 13.5 9.1 14.6 9.7 8.5 12.6 16.5 2324
 By borrowing sector
...................................
 121.1 157. 183.1 161.6  112.2 168.5 94.9 129.4 151.1 185.8
 2425 State and local governments
.............
 17.8 15.2 14.8 18.6 14.9 17.7 13.9 15.9 16.2 19.3 2526 Households......................................... 42.1 64.8 73.5 45.2 49.7 80.2 39.0 60.4 71.9 88.5 2627 Farm.................................................... 4.5 5.8 9.7 7.9 9.4 12.7 9.4 9.4 11.9 13.5 2728 Nonfarm noncorporate
.....................
 10.3 13.1 12.3 6.7 1.2 4.7 -.8 3.2 3.8 5.7 2829 Corporate............................................ 46.4 58.8 72.9 83.1 37.1 53.1 33.5 40.6 47.3 58.8 2930 Foreign........................................................ 5.2 4.0 6.2 15.3 13.0 20.3 8.5 17.4 15.4 25.2 3031 Corporate equities
.................................
 *-.4 -.2 - .2 .1 .4 .1 .1 .3 .4 31 32
 Debt instruments
....................................
 5.2 4.4 6.4 15.5 12.8 20.0 8.4 17.3 15.1 24.8
 3233 Bonds..................................................
 .9
 1.0 1.0 2.1 6.2 8.8 5.7 6.7
 7.3
 10.3 3334 Bank loans n.e.c.................................. 2.1 3.0 2.8 4.7 4.0 5.0 .6 7.4 3.8 6.1 2335 Open market paper 
............................
 .3 -1.0 .9 7.1 -.1 2.5 -1.2 1.0 .8 4.2 3536 U.S. Govt, loans
................................
 1.8 1.5 1.7 1.6 2.8 3.7 3.3 2.2 3.2 4.2 3637
M
emo
:
U.S. Govt, cash balance
.....................
Totals net of changes in U.S. Govt, cash  balance:3.2 -.3 -1.7 -4.6 2.9 2.8 .5 5.2 11.1 -5 .4 3738 Total funds raised.......................................... 147.8 177.2 199.3 193.4 207.5 254.9 183.7 231.3 227.2 282.6 3839 By U.S. Govt.............................................. 21.6 15.5 9.9 16.6 82.3 66.1 80.3 84.4 60.6 71.6 3940 FINANCIAL SECTORS
.................................By instrument:17.0 29.1 56.7 43.0 14.8 29.4 14.4 15.3 30.5 28.3 4041
 U.S. Govt, relate
..........................................
 5.9 8.4 19.9 23.1 13.5 17.4 14.0 13.1 18.0 16.9
 4142 Sponsored credit agencies
.........................
 1.1
 3.5
 16.3 16.6 2.3 2.4 1.4 3.3 3.9
 .9
 424344Mortgage pool securities...........................Loans from U.S. Govt
..............................
4.8 4.9 3.6 5.8
.7
10.3.915.2- .211.51.19.2.614.2* 16.2-.3434445
 Private financial sectors
.................................
 11.1 20.7  36.8 19.9 1.3 11.9 .4 2.1 12.4 11.4
 4546 Corporate equities
.....................................
 3.5 2.8 1.5 1.0 1.2
 .7 
 1.2 1.2
 .3
 1.1 4647
 Debt instruments
........................................
 7.6 18.0 35.3 18.9 .1 11.2 - .8 1.0 12.1 10.3
 4748 Corporate bonds
....................................
 3.8 5.1 3.5 2.1 2.9 5.7
 2.5 3.3
 7.2 4.3 4849 Mortgages
..............................................
 2.1 1.7 -1.2 -1.3 2.3 2.0 1.2 3.4 1.2 2.8 4950 Bank loans n.e.c
.....................................
 3.5 6.8 14.0 7.5 -3.9 -3.9 -4.7 -3.2 -2.8 -4.9 5051 Open market paper and Rp’s
...............
 .9 4.4 11.8 3.9 2.8 9.3 7.6 -1.9 8.7 9.9 5152 Loans from FHLBs
..............................
By sector:-2.7 *7.2 6.7 -4 .0 -2 .0 -7.3 -.6 -2.3 -1.7 5253 Sponsored credit agencies
............................. 1.1 3.5 16.3 17.3 3.2 2.2 2.5 4.0 3.9 .7 5354 Mortgage pools.............................................. 4.8 4.9 3.6 5.8 10.3 15.2 11.5 9.2 14.2 16.2 5455
 Private financial sectors
.................................
 11.1 20.7 36.8 19.9 1.3 11.9 .4 2.1 12.4 11.4
 5556 Commercial banks..................................... 2.4 4.8 8.1 -1.1 1.7
 9.3
 5.7 -2.3 11.9 6.8 5657 Bank affiliates
............................................
 -.4 .7 2.2 3.5 .3 -.8 .9 -.3 -1.3 -.3 5758 Foreign banking agencies
.........................
 1.6 .8 5.1 2.9 -.3 -.5 -.9 .2 -1.5 .5 5859 Savings and loan associations
...................
 -.1 2.0 6.0 6.3 -2.1 *-7.8 3.6 -.7 .8 5960 Other insurance companies
.......................
 .6 .5 .5 .9 .9 1.0 .9 1.0 1.0 1.0 6061 Finance companies
....................................
 2.7 6.2 9.4 4.5 .7 5.4 -.8 2.1 6.6 4.3 6162 REIT’s........................................................ 2.9 6.3 6.5 1.1 -1.9 -1 .4 -1.6 -2.2 -1.7 -1 .0 626364Open-end investment companies
..............
Monev
market
funds
......................................
1.3 -.5 -1.2 -.52.4.81.3-.9-.31.52.6.1* -1.1-.7-.7.2636465 ALL SECTORS, by instrument....................... 168.1 206.0 254.3 231.8 225.2 287.1 198.6 251.8 268.7 305.5 6566 Investment company shares.......................... 1.3 -.5 -1.2 -.5 .8 -.9 1.5 .1 -1.1 -.7 6667 Other corporate equities
...............................
 13.7 13.8 10.4 5.4 10.4 12.1 10.2 10.7 15.1 9.1 6768
 Debt instruments
 .
............................................
 153.1 192.8 245.2 227.0 214.0 275.9 187.0 241.0 254.8 297.1
 6869 30.7 23.7 28.3 34.5 98.0 86.6
 93.6 
 102.4 89.9 83.4 6970 17.5 15.4 16.3 19.6 17.3 18.2
 16.2
 18.4 17.9 18.6 7071 Corporate and foreign bonds
...................
 23.5 18.4 13.6 23.9 36.3 38.2 41.6 31.0 35.2 41.3 7172 Mortgages
..................................................
 52.5 76.8 79.9 60.5 59.0 82.0 49.1 69.0 73.2 90.8 7273 Consumer credit
........................................
 11.6 18.6 21.7 9.8 8.5 20.5 1.1 16.0 19.4 21.6 7374 Bank loans n.e.c
.........................................
 12.1 27.8 51.6 38.4 -14.4 -1.1 -27.6 -1 .2 -11.9 9.8 7475 Open market paper and Rp’s
...................
 .9 4.1 15.2 17.8 .5 15.3 6.2 -5.1 17.7 12.8 7576 Other loans................................................. 4.2 8.0 18.5 22.5 8.7 16.1 6.8 10.7 13.5 18.8 76
 N
ote
.— 
Full statements for sectors and transaction types quarterly, and Flow of Funds Section, Division of Research and Statistics, Board of annually for flows and for amounts outstanding, may be obtained from Governors of the Federal Reserve System, Washington, D.C. 20551.
 
March 1977

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