58

Z.1, September 16, 2002

L.1 Credit Market Debt Outstanding (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2

Total credit market debt owed by:
Domestic nonfinancial sectors

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

19811.2

21309.1

23482.0

25694.9

27467.3

27905.8

28264.1

28825.0

29485.9

29936.8

30456.5

1

14440.2

15243.1

16285.5

17388.7

18267.9

18508.1

18680.0

18995.3

19376.3

19610.2

19904.1

2

3

Federal government

3781.7

3804.8

3752.2

3681.0

3385.1

3408.8

3251.4

3320.0

3379.5

3430.3

3432.7

3

4

Nonfederal sectors

10658.5

11438.3

12533.3

13707.7

14882.8

15099.4

15428.7

15675.3

15996.8

16180.0

16471.4

4

5223.9
3092.2
1129.3
149.7
1063.4

5556.9
3382.0
1224.0
155.9
1119.5

6011.8
3774.1
1383.7
163.9
1199.8

6510.0
4210.1
1566.1
169.4
1252.1

7070.1
4616.4
1736.8
180.2
1279.3

7139.0
4695.7
1777.5
179.7
1307.5

7314.8
4770.7
1820.1
185.2
1337.8

7486.6
4804.8
1857.4
185.9
1340.6

7680.4
4852.5
1893.6
187.7
1382.5

7793.5
4875.2
1921.3
187.1
1402.8

7984.7
4894.0
1950.1
191.6
1450.9

5
6
7
8
9

5
6
7
8
9

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business
Farm business
State and local governments

10

Rest of the world

542.1

607.9

651.3

676.7

742.3

740.4

726.1

701.7

704.9

724.2

725.6

10

11

Financial sectors

4828.8

5458.0

6545.2

7629.6

8457.0

8657.3

8858.0

9128.0

9404.7

9602.3

9826.8

11

12
13
14
15

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

263.6
103.9
9.6
150.0

309.2
133.4
7.2
168.6

382.1
186.2
2.4
193.5

449.3
228.0
2.0
219.3

509.3
264.8
2.0
242.5

540.3
271.9
1.8
266.5

543.7
273.4
1.4
269.0

554.1
280.3
1.0
272.7

562.1
294.9
1.1
266.1

564.8
294.8
1.0
269.0

574.5
309.4
0.9
264.2

12
13
14
15

16
17

Savings institutions
Credit unions

140.5
0.4

160.3
0.6

212.4
1.1

260.4
3.4

287.7
3.4

295.1
3.2

294.4
3.5

305.6
3.8

295.1
4.9

280.5
5.5

275.3
6.0

16
17

18
19
20
21

Life insurance companies
Government-sponsored enterprises
Federally related mortgage pools
ABS issuers

1.6
896.9
1711.3
863.3

1.8
995.3
1825.8
1076.6

2.5
1273.6
2018.4
1398.0

3.2
1591.7
2292.2
1621.4

2.5
1825.8
2491.6
1829.5

1.9
1888.7
2534.2
1894.1

1.9
1955.8
2635.7
1944.3

2.8
2037.4
2758.8
2027.0

3.1
2114.0
2830.1
2138.9

3.7
2161.8
2955.3
2198.0

4.0
2199.6
3041.8
2267.9

18
19
20
21

22
23
24
25
26

Finance companies
Mortgage companies
REITs
Brokers and dealers
Funding corporations

534.5
20.6
56.5
27.3
312.4

568.3
16.0
96.1
35.3
372.6

625.5
17.7
158.8
42.5
412.6

695.7
17.8
165.1
25.3
504.0

776.9
17.9
167.8
40.9
503.7

756.2
18.1
166.2
35.0
524.3

769.0
18.2
168.9
43.9
478.6

771.2
18.5
168.3
47.1
433.6

776.7
18.6
170.2
42.3
448.4

760.8
18.8
172.1
38.4
442.6

784.7
19.0
178.4
42.8
432.8

22
23
24
25
26

19811.2

21309.1

23482.0

25694.9

27467.3

27905.8

28264.1

28825.0

29485.9

29936.8

30456.5

27

3098.6

3105.2

3352.1

3678.1

3540.8

3474.9

3407.5

3397.3

3452.7

3475.0

3497.4

28

2172.0
270.2
51.6
604.8

2188.5
257.5
54.2
605.0

2303.7
241.5
67.5
739.4

2619.9
226.0
64.4
767.8

2479.6
231.0
63.2
767.0

2427.3
206.2
64.0
777.4

2351.3
203.0
64.1
789.1

2342.7
195.0
64.9
794.6

2370.0
212.2
65.4
805.1

2400.4
202.7
66.2
805.6

2402.0
210.3
67.1
818.0

29
30
31
32

200.1
1839.5

205.4
2097.7

219.0
2278.2

258.0
2354.6

265.3
2621.1

266.4
2706.0

268.7
2766.8

269.6
2837.5

271.3
2954.4

272.5
3000.6

274.7
3139.1

33
34

14672.9

15900.8

17632.7

19404.2

21040.1

21458.5

21821.0

22320.6

22807.4

23188.7

23545.4

35

393.1

431.4

452.5

478.1

511.8

523.9

535.1

534.1

551.7

575.4

590.7

36

3707.7
3175.8
475.8
22.0
34.1

4031.9
3450.7
516.1
27.4
37.8

4336.1
3761.4
504.5
26.5
43.8

4648.3
4080.0
487.4
32.7
48.3

5006.3
4419.5
511.3
20.5
55.0

5013.8
4420.8
516.6
22.3
54.1

5041.5
4463.5
501.3
21.6
55.1

5100.6
4513.5
509.3
21.3
56.5

5210.5
4610.1
510.7
24.7
65.0

5231.3
4629.3
507.7
27.7
66.6

5343.2
4734.6
512.6
28.1
67.9

37
38
39
40
41

933.2
288.5
232.0

928.5
305.3
207.0

964.7
324.2
194.1

1032.4
351.7
222.0

1088.6
379.7
239.1

1100.5
387.0
241.8

1116.1
392.4
245.1

1118.1
408.4
247.3

1131.4
421.2
249.5

1134.7
433.1
251.0

1116.0
445.1
252.1

42
43
44

27
28
29
30
31
32

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

33
34

Federal government
Rest of the world

35

Financial sectors

36

Monetary authority

37
38
39
40
41

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

42
43
44

Savings institutions
Credit unions
Bank personal trusts and estates

45
46
47
48

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

1657.0
491.2
627.0
565.4

1751.1
515.3
674.6
632.5

1828.0
521.1
651.2
704.6

1886.0
518.2
668.2
751.4

1943.9
509.4
701.6
806.0

1969.6
510.0
706.8
788.3

2004.8
510.0
718.0
807.6

2054.8
511.3
720.6
789.0

2074.8
518.4
721.9
788.4

2136.9
527.6
728.7
806.0

2182.8
534.8
738.1
807.3

45
46
47
48

49
50
51
52
53
54

Money market mutual funds
Mutual funds
Closed-end funds
Government-sponsored enterprises
Federally related mortgage pools
ABS issuers

634.3
820.2
100.8
832.0
1711.3
773.9

721.9
901.1
98.3
938.3
1825.8
937.7

965.9
1028.4
103.8
1252.3
2018.4
1219.4

1147.8
1076.8
111.2
1543.5
2292.2
1424.6

1290.9
1097.8
106.4
1807.1
2491.6
1602.9

1404.2
1113.9
106.0
1877.7
2534.2
1660.5

1414.3
1160.3
105.6
1956.1
2635.7
1703.7

1498.0
1188.2
105.2
2026.1
2758.8
1780.0

1536.9
1223.8
104.7
2114.3
2830.1
1886.2

1496.4
1276.8
104.3
2163.8
2955.3
1939.3

1419.3
1295.3
103.9
2199.0
3041.8
2003.6

49
50
51
52
53
54

55
56
57
58
59

Finance companies
Mortgage companies
REITs
Brokers and dealers
Funding corporations

545.1
41.2
30.4
167.7
121.0

568.2
32.1
50.6
182.6
166.7

645.5
35.3
45.5
189.4
152.3

742.5
35.6
42.9
154.7
276.0

850.5
35.9
36.6
223.6
310.4

848.0
36.2
37.6
317.7
281.0

878.5
36.5
37.9
288.4
233.5

859.5
36.9
39.8
366.2
177.7

844.8
37.2
43.3
316.1
202.3

832.4
37.6
49.9
299.6
208.7

834.6
38.0
57.9
357.0
185.1

55
56
57
58
59

(1) Excludes corporate equities and mutual fund shares.

59

Z.1, September 16, 2002

L.2 Credit Market Debt Owed by Nonfinancial Sectors
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

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

Domestic
Federal government
Treasury securities
Budget agency secur. and mortgages
Nonfederal, by instrument
Commercial paper
Municipal securities and loans
Corporate bonds
Bank loans n.e.c.
Other loans and advances
Mortgages
Home
Multifamily residential
Commercial
Farm
Consumer credit
Nonfederal, by sector
Household sector
Nonfinancial business
Corporate
Nonfarm noncorporate
Farm
State and local governments

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

14440.2

15243.1

16285.5

17388.7

18267.9

18508.1

18680.0

18995.3

19376.3

19610.2

19904.1

1

3781.7
3755.1
26.6

3804.8
3778.3
26.5

3752.2
3723.7
28.5

3681.0
3652.7
28.3

3385.1
3357.8
27.3

3408.8
3382.0
26.8

3251.4
3224.3
27.0

3320.0
3293.0
27.0

3379.5
3352.7
26.8

3430.3
3404.0
26.3

3432.7
3405.9
26.8

2
3
4

10658.5
156.4
1296.0
1460.4
934.0
765.6

11438.3
168.6
1367.5
1610.9
1040.4
825.1

12533.3
193.0
1464.3
1829.6
1148.6
907.2

13707.7
230.3
1532.5
2059.5
1231.4
964.5

14882.8
278.4
1567.8
2230.6
1333.1
1077.1

15099.4
253.2
1597.5
2330.4
1320.7
1083.2

15428.7
223.3
1629.8
2435.3
1293.6
1110.6

15675.3
201.3
1635.3
2482.3
1285.1
1116.8

15996.8
190.1
1685.4
2563.2
1251.4
1096.3

16180.0
167.5
1707.5
2621.6
1237.3
1099.2

16471.4
148.4
1759.5
2673.4
1194.5
1109.1

5
6
7
8
9
10

4832.0
3720.0
277.3
747.8
86.9
1214.1

5154.3
3978.3
284.6
801.4
90.0
1271.6

5644.1
4366.0
308.0
873.6
96.6
1346.6

6243.4
4790.6
343.9
1006.5
102.3
1446.1

6802.8
5204.1
379.2
1110.7
108.9
1593.1

6929.0
5299.1
388.6
1131.3
110.0
1585.3

7127.9
5458.1
398.8
1158.0
113.0
1608.1

7324.1
5601.7
412.9
1194.8
114.6
1630.5

7507.2
5734.2
427.0
1229.6
116.3
1703.3

7670.1
5873.2
434.3
1244.5
118.1
1676.7

7880.3
6043.1
445.2
1271.8
120.2
1706.2

11
12
13
14
15
16

10658.5
5223.9
4371.2
3092.2
1129.3
149.7
1063.4

11438.3
5556.9
4761.9
3382.0
1224.0
155.9
1119.5

12533.3
6011.8
5321.7
3774.1
1383.7
163.9
1199.8

13707.7
6510.0
5945.5
4210.1
1566.1
169.4
1252.1

14882.8
7070.1
6533.4
4616.4
1736.8
180.2
1279.3

15099.4
7139.0
6652.9
4695.7
1777.5
179.7
1307.5

15428.7
7314.8
6776.0
4770.7
1820.1
185.2
1337.8

15675.3
7486.6
6848.1
4804.8
1857.4
185.9
1340.6

15996.8
7680.4
6933.8
4852.5
1893.6
187.7
1382.5

16180.0
7793.5
6983.6
4875.2
1921.3
187.1
1402.8

16471.4
7984.7
7035.8
4894.0
1950.1
191.6
1450.9

17
18
19
20
21
22
23

24

Foreign credit market debt
held in U.S.

542.1

607.9

651.3

676.7

742.3

740.4

726.1

701.7

704.9

724.2

725.6

24

25
26
27
28

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

67.5
366.3
43.7
64.7

65.1
427.7
52.1
63.0

72.9
462.6
58.7
57.1

89.2
476.7
59.2
51.6

120.9
500.6
70.5
50.3

112.8
505.9
74.1
47.5

110.1
502.0
66.2
47.7

106.3
481.0
67.3
47.0

106.7
488.4
63.2
46.6

123.6
487.9
66.7
46.0

130.2
477.6
72.2
45.5

25
26
27
28

14982.3

15851.0

16936.8

18065.4

19010.3

19248.5

19406.1

19697.0

20081.2

20334.4

20629.7

29

29

Domestic and foreign

L.3 Credit Market Debt Owed by Financial Sectors
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1
2
3
4
5
6
7
8
9
10
11
12

By instrument

4828.8

5458.0

6545.2

7629.6

8457.0

8657.3

8858.0

9128.0

9404.7

9602.3

9826.8

1

Federal government-related
Govt.-sponsored enterprise securities
Mortgage pool securities
U.S. government loans

2608.2
896.9
1711.3
0.0

2821.1
995.3
1825.8
0.0

3292.0
1273.6
2018.4
0.0

3884.0
1591.7
2292.2
0.0

4317.4
1825.8
2491.6
0.0

4422.9
1888.7
2534.2
0.0

4591.6
1955.8
2635.7
0.0

4796.2
2037.4
2758.8
0.0

4944.1
2114.0
2830.1
0.0

5117.1
2161.8
2955.3
0.0

5241.4
2199.6
3041.8
0.0

2
3
4
5

Private financial sectors
Open market paper
Corporate bonds
Bank loans n.e.c.
Other loans and advances
Mortgages

2220.6
579.1
1382.7
64.0
162.9
31.9

2636.9
745.7
1568.6
77.3
198.5
46.8

3253.2
906.7
1878.7
107.5
288.7
71.6

3745.6
1082.9
2096.9
93.2
395.8
76.7

4139.6
1210.7
2314.7
93.0
438.3
82.9

4234.4
1180.8
2424.3
97.3
450.9
81.1

4266.4
1144.5
2485.7
100.4
450.7
85.1

4331.9
1110.2
2569.6
100.2
467.2
84.6

4460.6
1148.8
2647.6
106.8
473.2
84.2

4485.2
1090.9
2741.0
105.1
462.4
85.9

4585.4
1046.9
2866.7
113.5
470.8
87.6

6
7
8
9
10
11

4828.8

5458.0

6545.2

7629.6

8457.0

8657.3

8858.0

9128.0

9404.7

9602.3

9826.8

12

113.6
150.0
140.5
0.4

140.6
168.6
160.3
0.6

188.6
193.5
212.4
1.1

230.0
219.3
260.4
3.4

266.7
242.5
287.7
3.4

273.8
266.5
295.1
3.2

274.7
269.0
294.4
3.5

281.4
272.7
305.6
3.8

296.0
266.1
295.1
4.9

295.8
269.0
280.5
5.5

310.4
264.2
275.3
6.0

13
14
15
16

1.6
896.9
1711.3
863.3

1.8
995.3
1825.8
1076.6

2.5
1273.6
2018.4
1398.0

3.2
1591.7
2292.2
1621.4

2.5
1825.8
2491.6
1829.5

1.9
1888.7
2534.2
1894.1

1.9
1955.8
2635.7
1944.3

2.8
2037.4
2758.8
2027.0

3.1
2114.0
2830.1
2138.9

3.7
2161.8
2955.3
2198.0

4.0
2199.6
3041.8
2267.9

17
18
19
20

27.3
534.5
20.6
56.5
312.4

35.3
568.3
16.0
96.1
372.6

42.5
625.5
17.7
158.8
412.6

25.3
695.7
17.8
165.1
504.0

40.9
776.9
17.9
167.8
503.7

35.0
756.2
18.1
166.2
524.3

43.9
769.0
18.2
168.9
478.6

47.1
771.2
18.5
168.3
433.6

42.3
776.7
18.6
170.2
448.4

38.4
760.8
18.8
172.1
442.6

42.8
784.7
19.0
178.4
432.8

21
22
23
24
25

By sector

13
14
15
16

Commercial banks
Bank holding companies
Savings institutions
Credit unions

17
18
19
20

Life insurance companies
Government-sponsored enterprises
Federally related mortgage pools
ABS issuers

21
22
23
24
25

Brokers and dealers
Finance companies
Mortgage companies
REITs
Funding corporations

60

Z.1, September 16, 2002

L.4 Credit Market Debt, All Sectors, by Instrument
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

19811.2

21309.1

23482.0

25694.9

27467.3

27905.8

28264.1

28825.0

29485.9

29936.8

30456.5

1

2
3
4
5

Open market paper
U.S. government securities
Municipal securities
Corporate and foreign bonds

803.0
6389.9
1296.0
3209.4

979.4
6625.9
1367.5
3607.2

1172.6
7044.2
1464.3
4170.9

1402.4
7564.9
1532.5
4633.1

1610.0
7702.5
1567.8
5045.8

1546.8
7831.7
1597.5
5260.7

1477.9
7842.9
1629.8
5423.0

1417.8
8116.2
1635.3
5532.9

1445.6
8323.6
1685.4
5699.2

1382.0
8547.4
1707.5
5850.5

1325.5
8674.1
1759.5
6017.6

2
3
4
5

6
7
8
9

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

1041.7
993.2
4863.9
1214.1

1169.8
1086.5
5201.1
1271.6

1314.8
1253.0
5715.7
1346.6

1383.8
1412.0
6320.1
1446.1

1496.6
1565.7
6885.7
1593.1

1492.1
1581.6
7010.0
1585.3

1460.2
1609.0
7213.0
1608.1

1452.6
1631.1
7408.7
1630.5

1421.4
1616.0
7591.4
1703.3

1409.1
1607.6
7756.0
1676.7

1380.2
1625.4
7967.9
1706.2

6
7
8
9

10281.6
2342.4

13301.7
2989.4

15577.3
3613.1

19581.2
4538.5

17611.9
4434.6

15323.0
3990.4

16254.3
4259.5

13645.0
3753.1

15209.3
4135.5

15228.5
4246.9

13339.3
3908.8

10
11

10
11

Total

1997

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

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

1

Total credit market debt
(from table L.4)

19811.2

21309.1

23482.0

25694.9

27467.3

27905.8

28264.1

28825.0

29485.9

29936.8

30456.5

1

2
3
4
5
6

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

53.7
9.7
18.9
521.7
240.8

48.9
9.2
19.3
618.5
219.4

60.1
9.2
19.9
642.3
189.4

50.1
6.2
20.9
703.6
202.4

46.1
2.2
23.2
824.5
221.2

42.8
2.2
22.9
881.6
156.7

43.4
2.2
23.2
837.6
158.7

49.0
2.2
23.2
848.0
166.5

46.8
2.2
23.2
908.9
187.7

45.7
2.2
23.2
894.1
157.6

52.0
2.2
23.2
916.5
117.3

2
3
4
5
6

7
8
9
10
11

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

1244.8
2377.0
590.9
886.7
701.5

1286.1
2474.1
713.4
1042.5
822.4

1333.3
2626.5
805.3
1329.7
913.8

1484.5
2671.5
936.4
1578.8
1083.6

1413.1
2860.3
1052.6
1812.1
1196.8

1404.9
2962.6
1077.0
1994.7
1187.4

1448.4
2992.3
1087.3
2014.7
1206.6

1485.1
3047.5
1094.2
2116.1
1255.2

1601.4
3127.5
1121.1
2240.7
1233.6

1567.2
3229.5
1178.9
2202.6
1220.9

1640.5
3257.1
1188.7
2150.3
1274.9

7
8
9
10
11

12
13
14
15

Mutual fund shares
Security credit
Life insurance reserves
Pension fund reserves

2342.4
358.1
610.6
6325.1

2989.4
469.1
665.0
7323.4

3613.1
572.2
718.3
8208.4

4538.5
676.6
783.9
9065.3

4434.6
822.7
819.1
9069.0

3990.4
799.3
823.0
8584.0

4259.5
781.5
840.3
8862.6

3753.1
912.1
844.0
8281.0

4135.5
825.9
880.0
8694.0

4246.9
774.8
904.2
8817.8

3908.8
730.6
914.5
8348.6

12
13
14
15

16
17
18
19

Trade payables
Taxes payable
Investment in bank personal trusts
Miscellaneous

1827.6
128.8
871.3
6388.0

1967.4
151.1
942.5
6733.2

2073.8
170.7
1001.0
7633.8

2342.4
193.9
1130.4
8489.4

2512.6
215.6
1019.4
9387.4

2536.4
223.3
929.1
9838.8

2498.4
222.5
964.4
10118.2

2502.4
251.4
859.6
10496.0

2493.4
229.9
912.0
10083.1

2526.0
241.3
907.8
10106.0

2532.9
252.8
842.0
10346.8

16
17
18
19

20

Total liabilities

45308.6

49803.8

55402.6

61653.3

65199.9

65362.9

66625.8

66811.6

68232.9

68983.4

68956.2

20

21
22
23

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

21.4
10281.6
3787.4

21.1
13301.7
4052.7

21.6
15577.3
4285.7

21.4
19581.2
4544.3

21.6
17611.9
4797.8

21.4
15323.0
4852.0

21.5
16254.3
4874.6

22.0
13645.0
4919.4

21.8
15209.3
4877.1

21.9
15228.5
4908.4

22.7
13339.3
4971.8

21
22
23

24
25
26

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

-6.1
434.9
-10.6

-6.3
535.0
-32.2

-6.4
542.8
-26.5

-7.1
585.7
-28.5

-8.5
627.4
-4.3

-9.4
673.0
1.1

-9.5
631.3
3.8

-9.8
644.9
4.5

-9.8
694.1
11.1

-10.4
685.0
21.8

-10.6
717.7
18.0

24
25
26

109.8
81.9
-1136.3

172.9
104.2
-1376.6

230.6
121.2
-1956.1

266.4
121.9
-2447.0

385.0
127.7
-3006.7

341.4
111.9
-2940.6

376.2
131.7
-2881.4

400.2
148.6
-2738.3

346.3
100.0
-3207.4

357.5
92.3
-3176.8

384.5
150.6
-3235.6

27
28
29

27
28
29

Security RPs
Taxes payable
Miscellaneous

30
31
32

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

-1.6
30.1
164.7

-8.1
26.2
128.1

-3.9
23.1
84.8

-9.8
22.3
91.7

-2.3
24.0
117.7

-2.8
21.1
84.6

-4.8
25.5
63.8

-5.9
19.2
48.7

-14.1
28.6
134.0

32.4
26.3
87.8

61.3
31.4
36.9

30
31
32

33

Totals identified to sectors as assets

59732.2

67636.0

76277.6

87204.5

89370.9

87279.0

89439.6

86885.9

90258.5

91026.4

89135.7

33

61

Z.1, September 16, 2002

L.10 Assets and Liabilities of the Personal Sector (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

20969.4

24329.3

27320.1

31802.4

30549.0

28626.3

29484.6

27452.4

29035.1

29224.7

27586.1

1

2
3
4
5

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

35.5
611.2
2509.0
519.9

37.2
600.0
2651.6
605.2

38.3
606.5
2827.2
779.7

43.5
587.8
2906.0
914.2

58.5
584.6
3192.0
1056.9

57.0
576.8
3287.4
1159.2

56.0
570.1
3331.9
1109.2

55.1
554.0
3384.2
1187.1

53.5
624.8
3413.0
1234.6

45.5
612.6
3548.1
1226.2

41.0
613.0
3587.3
1161.6

2
3
4
5

6

Securities

8469.0

10324.7

11733.7

14783.4

12981.2

11422.6

11933.1

10369.2

11323.9

11273.1

10199.0

6

54.7
187.0
713.0
192.1

56.1
186.5
618.2
213.7

63.7
186.6
585.6
231.6

67.7
186.4
693.9
351.6

72.7
184.8
489.2
383.6

67.2
184.8
466.3
268.9

62.7
185.5
368.8
268.9

58.9
186.4
381.6
297.4

53.3
190.3
411.3
272.8

44.8
191.9
421.3
262.2

37.9
192.7
349.4
252.6

7
8
9
10

435.8
511.0
4880.0
1495.4

471.9
567.8
6269.1
1941.2

489.8
676.7
7098.3
2401.3

527.4
722.2
9122.7
3111.5

552.5
720.9
7484.5
3093.1

571.6
792.7
6268.4
2802.8

595.3
792.6
6654.6
3004.7

583.9
756.9
5430.7
2673.4

600.6
763.8
6076.6
2955.2

632.1
770.3
5911.9
3038.6

674.2
817.7
5035.0
2839.6

11
12
13
14

7
8
9
10

Open market paper
U.S. savings bonds
Other Treasury securities
Agency securities

11
12
13
14

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

15
16
17
18

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

580.1
953.9
3295.2
2106.5

632.7
1086.1
3793.6
2476.0

684.7
1248.1
4231.9
2761.9

748.9
1431.0
4687.9
2981.3

782.7
1456.1
4576.4
3072.8

786.5
1412.3
4245.6
2962.6

803.1
1481.4
4382.1
3036.3

806.8
1413.4
4005.8
2899.0

842.2
1465.3
4236.5
3030.0

866.4
1486.6
4321.2
3047.7

875.8
1456.1
4003.8
2927.5

15
16
17
18

19
20

Investment in bank personal trusts
Miscellaneous and other assets

871.3
1017.6

942.5
1179.8

1001.0
1407.0

1130.4
1587.9

1019.4
1768.4

929.1
1787.3

964.4
1817.1

859.6
1918.1

912.0
1899.4

907.8
1889.6

842.0
1879.1

19
20

7147.0

7722.4

8496.9

9388.5

10255.1

10343.0

10587.2

10872.3

11058.8

11206.6

11419.5

21

21

Total liabilities

22
23
24

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

3712.2
892.3
1214.1

3970.3
923.8
1271.6

4356.6
1010.3
1346.6

4779.1
1118.8
1446.1

5190.6
1216.7
1593.1

5284.8
1241.1
1585.3

5443.1
1273.5
1608.1

5586.3
1305.2
1630.5

5718.6
1334.9
1703.3

5857.7
1359.6
1676.7

6027.4
1385.4
1706.2

22
23
24

25
26
27

Policy loans
Security credit
Other liabilities (3)

101.4
94.4
1132.6

104.6
131.2
1320.8

104.7
152.8
1525.9

100.0
227.9
1716.7

102.8
235.1
1916.8

103.8
195.8
1932.3

104.0
196.0
1962.6

105.3
254.9
1990.2

105.0
196.4
2000.6

105.3
190.4
2016.9

105.4
166.5
2028.6

25
26
27

(1) Combined statement for household sector, nonfarm noncorporate business, and farm business.
(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14), life insurance and pension reserves (lines 15, 16, 17, and 18), and bank personal trusts (line 19).
(3) Includes corporate farms.

62

Z.1, September 16, 2002

L.100 Households and Nonprofit Organizations (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2
3
4
5
6
7

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

8
9
10
11
12
13

Open market paper
U.S. government securities
Treasury
Savings bonds
Other Treasury
Agency

14
15
16

Municipal securities
Corporate and foreign bonds
Mortgages

17
18
19
20
21
22
23
24
25
26

Corporate equities (2)
Mutual fund shares
Security credit
Life insurance reserves
Pension fund reserves
Investment in bank personal trusts
Equity in noncorporate business
Miscellaneous assets
Total liabilities
Credit market instruments

27
28
29

Home mortgages (3)
Consumer credit
Municipal securities

30
31
32

Bank loans n.e.c.
Other loans and advances
Commercial mortgages

33
34
35

Security credit
Trade payables
Deferred and unpaid
life insurance premiums

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

24046.9

27531.7

30542.2

35089.0

33953.4

32053.9

32903.6

30891.3

32401.8

32605.0

31008.9

1

3440.7

3622.2

3927.4

4053.0

4439.7

4615.6

4592.1

4693.8

4827.6

4929.7

4894.6

2

35.5
470.6
2434.0
500.7

37.2
436.8
2565.9
582.3

38.3
409.5
2732.4
747.1

43.5
348.3
2788.0
873.2

58.5
324.9
3050.0
1006.4

57.0
313.2
3139.7
1105.6

56.0
302.6
3179.5
1054.0

55.1
282.4
3226.1
1130.2

53.5
349.1
3250.6
1174.3

45.5
333.1
3384.4
1166.7

41.0
329.9
3422.7
1101.1

3
4
5
6

2172.0

2188.5

2303.7

2619.9

2479.6

2427.3

2351.3

2342.7

2370.0

2400.4

2402.0

7

54.7
1063.6
871.5
187.0
684.5
192.1

56.1
986.2
772.5
186.5
586.0
213.7

63.7
965.9
734.2
186.6
547.6
231.6

67.7
1194.8
843.3
186.4
656.8
351.6

72.7
1025.7
642.1
184.8
457.4
383.6

67.2
888.2
619.3
184.8
434.6
268.9

62.7
792.6
523.7
185.5
338.3
268.9

58.9
834.8
537.4
186.4
351.0
297.4

53.3
844.0
571.3
190.3
380.9
272.8

44.8
844.7
582.5
191.9
390.6
262.2

37.9
763.6
511.0
192.7
318.3
252.6

8
9
10
11
12
13

433.2
511.0
109.5

468.8
567.8
109.6

486.9
676.7
110.5

524.8
722.2
110.4

549.0
720.9
111.4

567.8
792.7
111.4

591.5
792.6
111.9

580.0
756.9
112.0

596.7
763.8
112.2

628.2
770.3
112.4

670.2
817.7
112.7

14
15
16

4880.0
1495.4
162.9
610.6
6325.1
871.3
3787.4
301.4

6269.1
1941.2
215.5
665.0
7323.4
942.5
4052.7
311.7

7098.3
2401.3
276.7
718.3
8208.4
1001.0
4285.7
321.4

9122.7
3111.5
323.9
783.9
9065.3
1130.4
4544.3
334.2

7484.5
3093.1
412.4
819.1
9069.0
1019.4
4797.8
338.9

6268.4
2802.8
412.0
823.0
8584.0
929.1
4852.0
339.6

6654.6
3004.7
412.9
840.3
8862.6
964.4
4874.6
346.1

5430.7
2673.4
490.2
844.0
8281.0
859.6
4919.4
356.4

6076.6
2955.2
454.3
880.0
8694.0
912.0
4877.1
354.9

5911.9
3038.6
425.8
904.2
8817.8
907.8
4908.4
360.4

5035.0
2839.6
389.5
914.5
8348.6
842.0
4971.8
371.3

17
18
19
20
21
22
23
24

5445.8

5824.8

6308.5

6888.3

7463.5

7493.9

7670.8

7903.9

8040.6

8149.7

8318.5

25

5223.9

5556.9

6011.8

6510.0

7070.1

7139.0

7314.8

7486.6

7680.4

7793.5

7984.7

26

3577.7
1214.1
104.9

3818.1
1271.6
114.9

4157.2
1346.6
126.9

4531.1
1446.1
137.3

4901.6
1593.1
143.0

4982.5
1585.3
144.2

5128.3
1608.1
145.3

5258.8
1630.5
147.5

5379.4
1703.3
154.3

5506.5
1676.7
156.4

5663.1
1706.2
159.6

27
28
29

58.0
172.7
96.6

66.5
190.7
95.1

72.6
204.0
104.5

65.6
218.9
111.2

72.3
246.3
113.9

60.6
251.1
115.2

58.2
255.9
118.9

65.7
260.8
123.4

55.5
263.2
124.7

52.9
268.5
132.6

47.5
273.6
134.7

30
31
32

94.4
109.1

131.2
118.0

152.8
126.8

227.9
130.9

235.1
138.6

195.8
140.4

196.0
141.5

254.9
143.2

196.4
144.7

190.4
146.4

166.5
148.1

33
34

18.3

18.6

17.2

19.4

19.6

18.7

18.5

19.3

19.1

19.4

19.2

35

(1) Sector includes farm households. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end outstandings of nonprofit organizations.
(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 18), life insurance and pension reserves (lines 20 and 21), and bank personal trusts (line 22).
(3) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 24.

63

Z.1, September 16, 2002

L.101 Nonfinancial Business (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

6162.0

6644.3

7869.2

9352.7

10255.6

10299.0

10425.7

10468.0

10632.1

10689.7

10728.8

1

2
3
4
5
6

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

28.2
385.0
174.7
86.9
3.9

23.1
415.1
205.1
110.7
4.6

30.5
484.1
207.4
146.9
4.2

31.5
565.5
277.4
178.4
5.8

47.5
594.2
318.7
228.3
8.2

39.9
578.4
324.3
263.9
7.4

40.0
585.2
327.6
293.7
7.6

37.5
610.4
333.9
303.2
7.5

37.1
617.8
366.2
335.2
8.0

40.8
596.0
365.3
327.7
7.7

39.7
601.4
362.4
332.8
10.0

2
3
4
5
6

7

Credit market instruments

321.8

311.7

309.0

290.4

294.2

270.2

267.1

260.0

277.6

268.9

277.3

7

31.5
104.1
33.6
74.7
77.7

36.1
67.1
30.6
99.0
78.9

39.4
72.2
28.6
93.9
74.9

47.6
68.9
27.6
65.9
80.3

61.4
64.8
26.4
59.1
82.7

53.2
66.7
19.8
59.0
71.4

54.7
68.2
16.7
59.5
68.0

54.5
68.7
17.2
59.4
60.1

56.4
73.8
20.0
59.4
67.9

51.7
80.9
19.1
59.1
58.1

54.9
90.1
20.6
58.7
53.0

8
9
10
11
12

59.9
1442.9
3658.8

69.1
1571.5
3933.5

95.5
1686.7
4904.9

128.9
1929.8
5945.1

129.2
2035.1
6600.2

111.8
2079.8
6623.3

117.9
2052.8
6733.8

97.7
2058.2
6759.6

107.8
1963.8
6918.6

106.6
2029.6
6947.1

90.5
2073.8
6940.8

13
14
15

8079.8

8526.4

9646.0

10907.5

11965.4

12173.6

12317.6

12469.3

12581.9

12687.2

12799.0

16

8
9
10
11
12
13
14
15
16
17

Total financial assets

1997

Commercial paper
U.S. government securities
Municipal securities
Mortgages
Consumer credit
Mutual fund shares
Trade receivables
Miscellaneous assets
Total liabilities

4371.2

4761.9

5321.7

5945.5

6533.4

6652.9

6776.0

6848.1

6933.8

6983.6

7035.8

17

18
19
20

Commercial paper
Municipal securities
Corporate bonds

156.4
137.9
1460.4

168.6
142.0
1610.9

193.0
147.8
1829.6

230.3
152.8
2059.5

278.4
154.2
2230.6

253.2
154.7
2330.4

223.3
155.6
2435.3

201.3
156.2
2482.3

190.1
157.4
2563.2

167.5
157.3
2621.6

148.4
158.1
2673.4

18
19
20

21
22
23

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

876.0
582.8
1157.7

973.9
625.4
1241.1

1076.0
693.1
1382.4

1165.8
735.9
1601.2

1260.8
822.1
1787.3

1260.1
823.2
1831.3

1235.4
845.7
1880.6

1219.4
847.1
1941.9

1195.9
824.1
2003.1

1184.5
821.7
2031.1

1147.0
826.4
2082.5

21
22
23

1061.3
92.4
2555.0

1158.7
109.0
2496.8

1238.8
122.8
2962.7

1458.3
139.0
3364.6

1606.7
153.5
3671.8

1610.8
160.3
3749.6

1563.9
157.6
3820.1

1565.0
184.2
3872.0

1546.0
160.4
3941.7

1575.9
169.7
3958.0

1582.6
179.2
4001.4

24
25
26

24
25
26

Credit market instruments

Trade payables
Taxes payable
Miscellaneous liabilities

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

64

Z.1, September 16, 2002

L.102 Nonfarm Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2
3
4
5
6

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

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

5457.7

5808.7

6816.1

8093.8

8824.7

8832.3

8920.9

8929.7

9061.3

9092.5

9105.6

1

28.2
244.3
99.7
67.6
3.9

23.1
251.9
119.4
87.8
4.6

30.5
287.1
112.6
114.3
4.2

31.5
326.0
159.4
137.3
5.8

47.5
334.6
176.7
177.7
8.2

39.9
314.9
176.6
210.3
7.4

40.0
317.7
175.3
238.4
7.6

37.5
338.8
175.8
246.3
7.5

37.1
342.2
203.8
275.0
8.0

40.8
316.5
201.6
268.3
7.7

39.7
318.3
197.7
272.3
10.0

2
3
4
5
6

7
8
9
10
11
12
13

Commercial paper
U.S. government securities
Municipal securities
Mortgages
Consumer credit
Trade receivables
Mutual fund shares

31.5
75.6
31.0
54.4
77.7
1273.1
59.9

36.1
34.8
27.4
80.2
78.9
1366.6
69.1

39.4
34.2
25.7
67.3
74.9
1452.9
95.5

47.6
31.8
25.0
41.2
80.3
1653.4
128.9

61.4
32.9
22.9
31.2
82.7
1716.4
129.2

53.2
35.0
16.1
30.5
71.4
1757.4
111.8

54.7
37.7
12.9
29.7
68.0
1727.6
117.9

54.5
38.1
13.4
29.0
60.1
1729.8
97.7

56.4
43.5
16.1
28.2
67.9
1630.0
107.8

51.7
50.2
15.1
27.5
58.1
1689.6
106.6

54.9
59.1
16.6
26.7
53.0
1729.1
90.5

7
8
9
10
11
12
13

14
15
16
17
18
19

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

3410.8
866.5
186.2
1.6
27.3
2329.3

3628.7
933.1
188.1
0.5
23.5
2483.5

4477.5
1041.2
189.8
-0.2
17.1
3229.6

5425.6
1188.9
190.8
-0.8
43.9
4002.8

6003.5
1304.0
190.4
-0.8
51.3
4458.6

6007.8
1325.6
191.3
-6.5
48.6
4448.9

6093.4
1358.6
193.9
-4.2
46.7
4498.4

6101.2
1387.4
200.5
-10.8
45.9
4478.2

6245.2
1389.5
200.8
-8.1
49.6
4613.4

6258.8
1417.3
203.8
-6.3
41.3
4602.7

6237.7
1443.7
208.6
-10.4
41.1
4554.7

14
15
16
17
18
19

20

6378.6

6628.8

7457.6

8407.3

9173.8

9324.4

9401.2

9500.9

9563.7

9630.3

9698.0

20

21

Credit market instruments

3092.2

3382.0

3774.1

4210.1

4616.4

4695.7

4770.7

4804.8

4852.5

4875.2

4894.0

21

22
23
24
25

Commercial paper
Municipal securities (2)
Corporate bonds (1)
Bank loans n.e.c.

156.4
137.9
1460.4
642.1

168.6
142.0
1610.9
692.7

193.0
147.8
1829.6
764.7

230.3
152.8
2059.5
825.5

278.4
154.2
2230.6
887.9

253.2
154.7
2330.4
883.8

223.3
155.6
2435.3
856.4

201.3
156.2
2482.3
838.3

190.1
157.4
2563.2
816.5

167.5
157.3
2621.6
806.8

148.4
158.1
2673.4
772.0

22
23
24
25

26
27
28
29
30
31
32
33

Other loans and advances
Savings institutions
Finance companies
Federal government
Acceptance liabilities to banks
Rest of the world
ABS issuers
Mortgages

467.9
7.9
274.2
8.7
13.4
126.0
37.7
227.6

507.7
9.4
273.7
8.4
10.8
143.3
62.1
260.2

562.0
12.1
306.8
8.3
6.6
142.3
85.9
277.2

596.5
15.3
355.6
8.0
4.4
119.5
93.6
345.6

669.9
19.7
412.6
7.6
4.3
117.3
108.4
395.5

670.5
20.7
413.2
7.6
6.6
114.8
107.6
403.1

688.8
21.9
433.7
7.3
5.8
118.9
101.3
411.3

694.2
21.8
406.0
7.7
4.3
137.2
117.2
432.6

671.6
21.5
402.3
7.4
4.1
115.7
120.8
453.7

669.1
22.2
398.7
7.0
3.9
109.5
127.8
452.8

674.7
21.1
396.7
7.2
4.4
119.9
125.4
467.5

26
27
28
29
30
31
32
33

927.0
49.9
2309.5
698.4
86.4
1524.7

992.1
59.2
2195.5
750.6
93.5
1351.3

1049.7
64.1
2569.7
811.7
114.9
1643.1

1228.2
71.0
2898.0
969.2
110.1
1818.7

1340.7
78.0
3138.8
1132.8
111.3
1894.6

1339.5
82.9
3206.4
1169.8
111.7
1924.9

1284.1
77.6
3268.8
1182.0
112.0
1974.8

1282.2
103.1
3310.8
1180.9
112.3
2017.7

1259.8
78.1
3373.2
1196.6
112.6
2064.0

1286.6
85.4
3383.1
1203.1
112.9
2067.0

1289.1
93.5
3421.4
1181.2
113.3
2126.9

34
35
36
37
38
39

34
35
36
37
38
39

Total liabilities

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

40
41

Trade receivables net of payables
Market value of equities

346.1
7644.4

374.5
9774.6

403.2
11606.7

425.2
15191.1

375.8
12684.1

417.9
10883.2

443.5
11579.4

447.6
9563.4

370.2
10746.6

403.0
10663.3

439.9
8962.7

40
41

42
43

Securities and mortgages
Loans and short-term paper

1825.8
1266.4

2013.0
1369.0

2254.5
1519.6

2557.8
1652.3

2780.2
1836.2

2888.2
1807.4

3002.2
1768.5

3071.0
1733.7

3174.3
1678.3

3231.7
1643.5

3298.9
1595.1

42
43

44
45

Total short-term liabilities (3)
Total liquid assets (4)

2243.3
641.7

2420.3
654.3

2633.3
743.6

2951.5
893.3

3254.8
990.9

3229.8
965.2

3130.2
1002.2

3119.1
1009.5

3016.2
1089.9

3015.5
1058.5

2977.7
1059.0

44
45

46
47

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

59.0
41.0

59.5
40.5

59.7
40.3

60.8
39.2

60.2
39.8

61.5
38.5

62.9
37.1

63.9
36.1

65.4
34.6

66.3
33.7

67.4
32.6

46
47

48

Liquid assets/short-term liabilities

28.6

27.0

28.2

30.3

30.4

29.9

32.0

32.4

36.1

35.1

35.6

48

(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 (except mortgages), short-term paper, taxes payable, and trade payables. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
(4) Sum of lines 2 through 9, plus line 13.

65

Z.1, September 16, 2002

L.103 Nonfarm Noncorporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2
3
4

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

5
6
7
8

Treasury securities
Municipal securities
Mortgages
Consumer credit

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

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

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

643.2

773.8

989.1

1194.1

1366.0

1401.6

1438.9

1471.8

1504.1

1530.0

1555.0

1

124.0
75.0
19.2

146.2
85.7
22.9

178.3
94.8
32.6

220.3
118.0
41.0

240.3
142.0
50.5

244.0
147.6
53.6

248.0
152.3
55.2

251.9
158.1
56.9

255.9
162.3
60.2

259.8
163.7
59.5

263.8
164.6
60.5

2
3
4

28.6
2.6
20.4
0.0

32.2
3.2
18.7
0.0

38.0
2.8
26.7
0.0

37.1
2.6
24.7
0.0

31.9
3.5
27.8
0.0

31.8
3.7
28.5
0.0

30.5
3.8
29.8
0.0

30.6
3.8
30.5
0.0

30.4
3.9
31.1
0.0

30.6
3.9
31.7
0.0

31.1
4.0
32.0
0.0

5
6
7
8

169.8
203.5
44.8
1.7
157.1

204.9
259.9
45.2
1.7
213.0

233.8
382.1
45.6
1.6
334.9

276.4
473.9
45.9
1.6
426.4

318.7
551.2
45.8
1.6
503.8

322.5
569.8
46.0
1.6
522.2

325.2
594.1
46.6
1.5
546.0

328.4
611.5
48.2
1.5
561.8

333.8
626.5
48.3
1.5
576.7

340.0
640.7
49.0
1.5
590.1

344.8
654.3
50.2
1.5
602.6

9
10
11
12
13

1534.1

1722.9

2004.9

2310.9

2590.5

2649.2

2709.7

2761.2

2809.5

2850.1

2888.6

14

1129.3

1224.0

1383.7

1566.1

1736.8

1777.5

1820.1

1857.4

1893.6

1921.3

1950.1

15

193.6
92.5
843.2

237.3
95.8
890.9

266.3
108.9
1008.6

296.2
116.6
1153.3

326.0
127.8
1283.0

331.2
128.1
1318.2

331.2
132.6
1356.3

333.8
128.9
1394.7

332.5
128.0
1433.1

333.5
127.7
1460.2

328.2
127.1
1494.8

16
17
18

116.8
42.5
245.5

147.8
49.8
301.3

169.5
58.7
393.0

210.2
68.0
466.6

245.2
75.5
533.1

251.0
77.5
543.2

258.4
80.0
551.3

261.6
81.1
561.2

265.2
82.3
568.4

269.6
84.3
574.9

272.7
85.7
580.1

19
20
21

(1) Equity in the Farm Credit System.

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

61.1

61.7

64.0

64.8

64.9

65.1

65.9

66.6

66.8

67.2

68.2

1

2

Checkable deposits and currency

16.7

16.9

18.6

19.2

19.4

19.5

19.6

19.7

19.8

19.6

19.4

2

3
4
5

Miscellaneous assets
Insurance receivables
Equity investment in GSEs (2)

44.4
42.9
1.5

44.8
43.3
1.5

45.4
43.7
1.7

45.6
43.9
1.6

45.5
43.9
1.6

45.6
44.1
1.6

46.3
44.7
1.7

46.9
45.2
1.7

47.0
45.3
1.7

47.6
45.9
1.7

48.8
47.1
1.8

3
4
5

167.1

174.7

183.5

189.4

201.1

200.0

206.7

207.2

208.7

206.8

212.4

6

149.7

155.9

163.9

169.4

180.2

179.7

185.2

185.9

187.7

187.1

191.6

7

40.4
22.4
86.9

43.9
21.9
90.0

45.1
22.2
96.6

44.2
22.8
102.3

46.9
24.5
108.9

45.0
24.6
110.0

47.9
24.3
113.0

47.3
24.0
114.6

46.9
24.5
116.3

44.2
24.8
118.1

46.8
24.6
120.2

8
9
10

17.4

18.8

19.6

20.0

20.9

20.3

21.5

21.2

21.0

19.7

20.8

11

6
7
8
9
10
11

Total financial assets

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

(1) Corporate and noncorporate farms.
(2) Equity in the Farm Credit System.

66

Z.1, September 16, 2002

L.105 State and Local Governments (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

1007.9

1033.3

1180.3

1257.8

1296.0

1310.0

1324.9

1325.3

1350.0

1348.3

1380.7

1

2
3
4

Checkable deposits and currency
Time and savings deposits
Security RPs

27.8
72.6
147.8

32.2
78.4
151.4

28.3
91.1
158.5

32.2
102.1
163.5

33.2
111.5
173.3

31.1
109.7
170.5

30.2
107.1
164.8

29.6
108.5
155.0

38.2
119.2
154.9

37.1
133.0
145.4

39.9
125.2
152.9

2
3
4

5

Credit market instruments

6
7
8
9
10
11
12

Total financial assets

1997

604.8

605.0

739.4

767.8

767.0

777.4

789.1

794.6

805.1

805.6

818.0

5

Open market paper
U.S. government securities
Treasury
Agency

59.7
373.2
257.0
116.2

74.0
354.8
239.3
115.4

102.0
448.3
269.3
179.0

108.9
456.8
266.8
190.0

116.5
439.7
236.2
203.5

110.0
451.9
239.0
212.9

100.7
470.2
246.5
223.6

90.7
480.6
248.9
231.8

90.0
489.8
256.5
233.3

79.0
496.5
261.2
235.3

75.1
508.6
270.0
238.6

6
7
8
9

Municipal securities
Corporate and foreign bonds
Mortgages

4.6
49.7
117.6

3.9
51.0
121.3

2.5
61.2
125.4

1.0
71.3
129.8

1.6
75.0
134.3

2.1
77.9
135.4

2.0
79.7
136.6

2.1
83.4
137.8

1.9
84.4
139.0

1.7
88.2
140.2

1.4
91.5
141.4

10
11
12

13
14

Corporate equities
Mutual fund shares

46.8
41.0

79.0
33.6

102.0
21.3

115.0
25.6

115.1
26.4

111.1
28.8

121.1
30.7

111.3
30.5

126.3
31.5

131.8
30.5

123.8
29.9

13
14

15
16

Taxes receivable
Miscellaneous assets

26.1
41.0

26.9
27.0

28.1
11.5

33.5
18.1

45.6
24.0

49.1
32.4

50.8
31.1

51.4
44.5

50.1
24.7

49.5
15.4

51.6
39.5

15
16

17

1581.0

1668.5

1779.3

1860.7

1915.2

1949.6

1986.2

1995.4

2043.7

2070.4

2124.5

17

18

Credit market instruments

1063.4

1119.5

1199.8

1252.1

1279.3

1307.5

1337.8

1340.6

1382.5

1402.8

1450.9

18

19
20
21
22

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

1053.3
39.1
1014.1
10.1

1110.6
47.5
1063.1
8.9

1189.7
41.2
1148.5
10.1

1242.4
44.8
1197.6
9.7

1270.6
47.9
1222.7
8.7

1298.7
53.7
1244.9
8.8

1328.9
55.7
1273.3
8.9

1331.7
64.9
1266.8
8.9

1373.6
68.5
1305.1
8.9

1393.8
68.2
1325.6
9.0

1441.8
72.2
1369.7
9.1

19
20
21
22

517.6

549.0

579.5

608.6

635.9

642.1

648.4

654.8

661.1

667.6

673.6

23

23

Total liabilities

Trade payables

(1) Data for employee retirement funds are shown in table L.120.

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

Total financial assets

2
3
4

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

5

Credit market instruments

6
7
8
9
10
11
12

Agency securities
Mortgages
Other loans and advances
Trade receivables
Taxes receivable
Miscellaneous assets
Total liabilities

13
14

SDR certificates
Treasury currency

15

Credit market instruments

16
17
18
19
20
21
22

Savings bonds
Other Treasury securities
Budget agency securities
Multifamily residential mortgages
Trade payables
Insurance and pension reserves
Miscellaneous liabilities

440.7

437.9

442.9

557.4

506.4

537.0

539.8

565.1

607.4

592.5

574.6

1

44.9
38.3
2.4

42.0
41.6
3.4

51.0
23.2
4.7

44.4
87.9
5.4

41.0
24.3
6.3

38.7
30.7
8.4

39.5
49.0
9.9

44.6
50.6
11.7

43.1
66.9
10.5

42.2
25.2
15.2

47.6
53.5
9.9

2
3
4

200.1

205.4

219.0

258.0

265.3

266.4

268.7

269.6

271.3

272.5

274.7

5

0.0
50.3
149.9

0.0
45.7
159.7

0.0
44.9
174.1

0.0
77.7
180.2

0.0
76.9
188.4

0.0
76.3
190.1

0.0
76.2
192.6

0.0
75.3
194.3

0.0
75.8
195.6

0.0
75.7
196.8

0.0
75.5
199.2

6
7
8

24.0
20.7
110.2

20.8
20.0
104.8

22.3
21.4
101.3

22.9
38.5
100.4

28.1
42.4
99.0

31.7
62.3
98.9

33.8
39.9
99.1

37.6
51.4
99.6

35.4
79.8
100.3

36.6
99.5
101.3

37.0
50.6
101.4

9
10
11

4491.2

4546.8

4529.4

4498.3

4203.7

4251.1

4104.5

4186.5

4269.2

4308.1

4321.0

12

9.7
18.9

9.2
19.3

9.2
19.9

6.2
20.9

2.2
23.2

2.2
22.9

2.2
23.2

2.2
23.2

2.2
23.2

2.2
23.2

2.2
23.2

13
14

3781.7

3804.8

3752.2

3681.0

3385.1

3408.8

3251.4

3320.0

3379.5

3430.3

3432.7

15

187.0
3568.1
26.6
0.0

186.5
3591.8
26.5
0.0

186.6
3537.0
28.5
0.0

186.4
3466.2
28.3
0.0

184.8
3173.0
27.3
0.0

184.8
3197.2
26.8
0.0

185.5
3038.9
27.0
0.0

186.4
3106.6
27.0
0.0

190.3
3162.4
26.8
0.0

191.9
3212.1
26.3
0.0

192.7
3213.2
26.8
0.0

16
17
18
19

81.8
591.9
7.3

72.9
634.0
6.6

65.0
676.5
6.7

64.7
719.0
6.6

45.5
741.3
6.4

60.9
749.8
6.5

59.3
762.1
6.4

59.3
775.4
6.4

54.5
803.6
6.2

54.6
791.5
6.3

55.5
801.3
6.2

20
21
22

67

Z.1, September 16, 2002

L.107 Rest of the World
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2
3
4
5

Net interbank assets
U.S. checkable deposits and currency
U.S. time deposits
Security RPs

6

Credit market instruments

7
8
9
10
11
12
13
14
15
16

Open market paper
U.S. government securities
Official holdings
Treasury
Agency
Private holdings
Treasury
Agency
U.S. corporate bonds (1)
Loans to U.S. corporate business

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

4042.1

4627.3

5199.6

5800.3

6516.1

6800.3

6904.9

6889.1

6960.2

6986.4

7169.8

1

177.3
213.7
60.6
70.9

173.0
243.6
73.6
90.8

145.9
258.4
86.6
72.0

140.3
298.3
101.6
79.9

161.1
289.9
107.4
91.3

101.5
293.0
97.2
129.5

99.2
294.6
97.8
126.5

100.8
305.8
95.9
111.1

111.8
314.1
92.9
150.7

78.9
321.5
93.6
126.8

40.3
326.8
99.1
157.9

2
3
4
5

1839.5

2097.7

2278.2

2354.6

2621.1

2706.0

2766.8

2837.5

2954.4

3000.6

3139.1

6

57.9
1222.4
631.1
606.4
24.7

77.8
1375.1
648.2
615.1
33.1

115.3
1412.8
669.8
622.9
46.8

102.3
1380.6
693.8
617.7
76.1

111.9
1471.4
749.9
625.2
124.7

110.5
1494.3
752.5
624.1
128.3

112.8
1482.5
741.6
603.3
138.2

111.9
1502.0
757.2
619.1
138.0

118.1
1594.4
798.8
650.7
148.1

122.9
1596.5
805.6
650.1
155.4

134.1
1652.0
827.3
665.3
162.0

7
8
9
10
11

591.3
440.8
150.5

726.9
550.6
176.3

743.0
562.0
181.0

686.8
462.8
224.1

721.5
401.0
320.5

741.9
396.2
345.7

740.9
381.5
359.4

744.8
366.1
378.7

795.5
388.8
406.7

791.0
381.5
409.5

824.7
382.9
441.8

12
13
14

433.2
126.0

501.6
143.3

607.8
142.3

752.1
119.5

920.6
117.3

986.5
114.8

1052.7
118.9

1086.4
137.2

1126.3
115.7

1171.7
109.5

1233.1
119.9

15
16

17
18
19

U.S. corporate equities
Trade receivables
Security credit

672.4
58.1
0.0

952.9
59.0
0.0

1250.3
52.5
0.0

1611.5
47.5
0.0

1625.5
47.0
0.0

1509.3
45.7
0.0

1601.1
45.2
0.0

1398.6
45.2
0.0

1533.8
44.3
0.0

1585.2
46.4
0.0

1418.3
49.2
0.0

17
18
19

20
21
22

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

949.7
745.6
204.1

936.7
824.1
112.6

1055.6
919.8
135.8

1166.6
1100.8
65.8

1572.8
1374.8
198.0

1918.0
1419.0
499.1

1873.5
1471.2
402.3

1994.2
1485.7
508.5

1758.0
1498.9
259.1

1733.5
1515.6
217.9

1939.2
1517.8
421.4

20
21
22

2316.8

2562.0

2788.3

3107.9

3459.4

3868.6

3886.3

4102.7

3628.3

3659.9

3757.5

23

23

Total liabilities

24
25

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

53.7
521.7

48.9
618.5

60.1
642.3

50.1
703.6

46.1
824.5

42.8
881.6

43.4
837.6

49.0
848.0

46.8
908.9

45.7
894.1

52.0
916.5

24
25

26

Credit market instruments

542.1

607.9

651.3

676.7

742.3

740.4

726.1

701.7

704.9

724.2

725.6

26

67.5
366.3

65.1
427.7

72.9
462.6

89.2
476.7

120.9
500.6

112.8
505.9

110.1
502.0

106.3
481.0

106.7
488.4

123.6
487.9

130.2
477.6

27
28

43.7
2.9
14.3
26.5
54.7
9.9

52.1
2.1
13.8
36.3
53.2
9.7

58.7
2.8
13.1
42.8
52.4
4.7

59.2
3.0
9.9
46.4
47.8
3.9

70.5
3.5
13.2
53.8
47.2
3.1

74.1
3.6
16.4
54.1
46.7
0.8

66.2
3.3
9.1
53.8
46.9
0.8

67.3
4.2
9.4
53.7
46.5
0.6

63.2
4.3
5.9
53.1
46.0
0.5

66.7
4.2
6.1
56.5
45.4
0.6

72.2
4.8
9.7
57.8
45.1
0.5

29
30
31
32
33
34

43.6
0.0

48.8
0.0

44.9
0.0

49.1
0.0

49.9
0.0

46.9
0.0

51.9
0.0

44.0
0.0

47.8
0.0

45.2
0.0

42.6
0.0

35
36

1155.6
29.2
2.2
989.8
134.4

1237.9
30.8
2.1
1068.1
136.9

1389.8
32.4
2.0
1196.2
159.2

1628.4
33.9
2.6
1377.3
214.7

1796.5
35.4
2.6
1515.3
243.3

2156.9
35.9
2.5
1541.6
576.9

2227.3
36.4
2.6
1578.3
610.1

2460.0
36.7
2.6
1621.8
798.9

1919.9
37.1
2.6
1623.1
257.1

1950.7
37.5
2.6
1654.6
256.0

2020.8
37.9
2.5
1685.8
294.6

37
38
39
40
41

1002.9

1207.8

1476.2

2026.6

1832.4

1609.1

1652.0

1416.8

1564.7

1565.2

1539.7

42

27
28

Commercial paper
Bonds

29
30
31
32
33
34

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

35
36

Trade payables
Security debt

37
38
39
40
41

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

42

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

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

68

Z.1, September 16, 2002

L.108 Monetary Authority (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

495.2

534.0

566.8

696.9

636.0

625.3

638.6

663.5

683.0

686.7

706.8

1

2
3
4

Gold and foreign exchange
SDR certificates
Treasury currency

30.2
9.7
25.0

28.0
9.2
25.6

30.7
9.2
26.3

27.1
6.2
28.0

26.6
2.2
31.6

25.5
2.2
32.3

25.4
2.2
32.7

26.3
2.2
33.0

25.5
2.2
33.0

25.3
2.2
33.6

27.1
2.2
33.8

2
3
4

5
6
7

Federal Reserve float
Fed. Res. loans to domestic banks
Security RPs

4.3
0.1
21.6

0.7
2.0
23.8

1.6
0.0
30.4

-0.2
0.2
140.6

0.9
0.1
43.4

0.2
0.0
22.0

-0.4
0.2
23.3

-0.5
0.1
47.9

-0.0
0.0
50.3

-0.5
0.0
29.5

-0.2
0.2
32.0

5
6
7

8

Credit market instruments

393.1

431.4

452.5

478.1

511.8

523.9

535.1

534.1

551.7

575.4

590.7

8

0.0
393.1
390.9
2.2
0.0

0.0
431.4
430.7
0.7
0.0

0.0
452.5
452.1
0.3
0.0

0.0
478.1
478.0
0.2
0.0

0.0
511.8
511.7
0.1
0.0

0.0
523.9
523.9
0.0
0.0

0.0
535.1
535.1
0.0
0.0

0.0
534.1
534.1
0.0
0.0

0.0
551.7
551.7
0.0
0.0

0.0
575.4
575.4
0.0
0.0

0.0
590.7
590.7
0.0
0.0

9
10
11
12
13

11.2

13.2

16.1

16.8

19.3

19.3

20.2

20.4

20.3

21.2

21.0

14

490.7

528.8

560.9

690.5

629.2

618.7

631.3

655.9

675.7

678.6

697.3

15

9
10
11
12
13
14
15

Total financial assets

1997

Acceptances
U.S. government securities
Treasury
Agency
Bank loans n.e.c.
Miscellaneous assets
Total liabilities

16
17

Depository institution reserves
Vault cash of commercial banks

24.5
45.2

30.8
45.0

26.3
42.1

24.0
66.6

19.0
44.4

17.8
36.0

18.6
37.2

24.9
36.7

17.5
47.3

22.4
34.9

22.3
36.7

16
17

18
19
20
21

Checkable deposits and currency
Due to federal government
Due to rest of the world
Currency outside banks

413.6
8.0
0.2
405.5

443.5
5.7
0.5
437.4

481.8
6.2
0.2
475.4

590.4
28.5
0.1
561.8

555.2
5.6
0.3
549.3

556.1
6.1
0.1
549.9

567.3
7.6
0.1
559.5

586.3
10.2
0.6
575.4

603.1
7.1
0.1
596.0

613.3
6.1
0.3
606.9

629.7
8.5
0.1
621.0

18
19
20
21

22
23
24

Miscellaneous liabilities
Federal Reserve Bank stock
Other

7.4
4.6
2.8

9.5
5.4
4.0

10.7
6.0
4.8

9.4
6.4
3.0

10.6
7.0
3.6

8.8
7.0
1.8

8.2
7.1
1.0

8.0
7.3
0.8

7.7
7.4
0.4

8.0
7.6
0.4

8.6
8.3
0.3

22
23
24

(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.

69

Z.1, September 16, 2002

L.109 Commercial Banking (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2
3
4

Vault cash
Reserves at Federal Reserve
Checkable deposits and currency

5

Total bank credit

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

4710.4

5174.6

5628.6

5982.5

6468.7

6505.5

6561.8

6689.5

6830.7

6810.7

6977.7

1

45.2
22.3
1.4

45.0
29.1
1.4

42.1
24.4
2.0

66.6
19.3
2.2

44.4
17.4
1.7

36.0
16.1
1.9

37.2
16.3
1.7

36.7
22.2
2.5

47.3
15.2
2.8

34.9
20.1
1.7

36.7
19.9
2.7

2
3
4

3794.5

4144.5

4483.6

4788.5

5200.8

5223.3

5234.5

5286.0

5411.3

5416.1

5536.1

5

U.S. government securities
Treasury
Agency

757.5
261.8
495.7

841.2
270.1
571.2

877.3
214.1
663.2

928.5
228.9
699.6

906.4
184.5
721.8

887.3
172.0
715.3

874.2
174.0
700.2

911.8
176.1
735.7

940.1
162.7
777.4

974.2
165.9
808.3

1046.2
183.9
862.3

6
7
8

9
10

Municipal securities
Corporate and foreign bonds

94.2
112.3

96.7
143.1

104.8
180.9

110.8
220.5

114.1
278.6

112.5
292.5

116.2
321.7

118.1
340.4

120.2
376.4

118.7
373.7

118.4
360.9

9
10

11
12
13
14
15
16

Total loans
Open market paper
Bank loans n.e.c.
Mortgages
Consumer credit
Security credit

2821.1
6.5
1041.7
1145.4
526.8
100.8

3052.9
2.7
1169.8
1245.3
512.6
122.5

3304.6
1.1
1314.8
1337.0
508.9
142.8

3505.1
1.4
1383.8
1495.4
499.8
124.8

3874.8
1.5
1496.6
1660.1
541.5
175.2

3905.6
0.6
1492.1
1687.7
533.7
191.5

3895.5
0.0
1460.2
1722.4
540.2
172.7

3892.5
0.0
1452.6
1736.6
536.2
167.1

3944.4
0.0
1421.4
1789.8
558.0
175.2

3918.7
0.0
1409.1
1800.3
550.7
158.5

3987.5
0.0
1380.2
1875.4
557.3
174.6

11
12
13
14
15
16

17
18

Corporate equities
Mutual fund shares

6.8
2.6

2.6
8.1

6.8
9.1

11.3
12.4

11.9
15.0

8.4
17.0

9.6
17.3

7.2
16.0

8.9
21.3

8.5
22.3

5.0
18.2

17
18

23.4
823.7

20.6
934.0

11.3
1065.2

8.2
1097.7

7.5
1196.9

7.4
1220.8

6.6
1265.6

4.8
1337.2

4.6
1349.6

4.5
1333.4

4.8
1377.5

19
20

4547.4

5053.0

5505.7

5833.5

6407.1

6418.8

6469.7

6637.2

6768.5

6696.5

6895.0

21

6
7
8

19
20
21

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

22
23
24
25

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

171.1
4.4
-10.6
177.3

143.5
2.8
-32.2
173.0

121.0
1.7
-26.5
145.9

111.8
-0.0
-28.5
140.3

157.8
1.0
-4.3
161.1

102.8
0.2
1.1
101.5

102.8
-0.2
3.8
99.2

104.9
-0.5
4.5
100.8

122.9
0.0
11.1
111.8

100.3
-0.5
21.8
78.9

58.3
-0.0
18.0
40.3

22
23
24
25

26
27
28
29

Checkable deposits
Federal government
Rest of the world
Private domestic

676.3
28.7
26.9
620.7

656.4
27.8
31.7
597.0

622.9
13.2
30.2
579.6

626.4
49.6
43.6
533.2

540.9
16.4
33.9
490.6

515.0
21.7
34.8
458.5

535.0
36.5
33.7
464.8

539.8
34.4
36.1
469.3

627.1
45.7
34.5
546.9

565.1
51.6
37.2
476.4

607.6
106.3
35.4
465.8

26
27
28
29

30
31
32

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

1613.2
493.1
463.2

1761.5
601.0
552.2

1945.2
673.1
639.2

2017.1
792.6
750.0

2228.7
885.4
816.1

2309.5
899.2
820.1

2342.4
901.5
787.7

2395.8
894.5
780.1

2478.1
918.1
788.3

2560.6
960.7
726.4

2609.8
967.6
735.4

30
31
32

33

Credit market instruments

263.6

309.2

382.1

449.3

509.3

540.3

543.7

554.1

562.1

564.8

574.5

33

55.7
168.9
39.0

58.5
192.6
58.1

56.9
220.2
104.9

63.1
240.6
145.6

63.6
273.2
172.4

71.2
293.1
176.1

69.4
295.3
179.0

67.5
302.1
184.4

55.4
310.2
196.6

60.9
304.8
199.0

48.4
313.8
212.3

34
35
36

4.0
863.0

5.4
1023.7

7.1
1115.2

9.0
1077.4

11.1
1257.8

11.7
1220.3

12.3
1244.2

12.9
1355.1

13.5
1258.4

14.1
1204.6

14.8
1327.0

37
38

3707.7

4031.9

4336.1

4648.3

5006.3

5013.8

5041.5

5100.6

5210.5

5231.3

5343.2

39

34
35
36
37
38

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

39

Credit market funds advanced (4)

(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the
same as branches in foreign countries.
(2) Included in other loans and advances (table L.216).
(3) Floats and discrepancies in interbank transactions.
(4) Total bank credit (line 5) less security credit (line 16) less corporate equities (line 17) less mutual fund shares (line 18) plus customers’ liability on acceptances (line 19).

70

Z.1, September 16, 2002

L.110 U.S.-Chartered Commercial Banks
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2

Vault cash and reserves at Federal Reserve

3

Total bank credit

4
5
6
7
8
9

U.S. government securities
Treasury
Agency
Mortgage pool securities
Agency-issued CMOs
Other agency securities

10
11
12
13
14

Municipal securities
Corporate and foreign bonds
Private mortgage pool securities
Privately issued CMOs
Other bonds

15
16
17
18
19
20

Total loans
Open market paper
Bank loans n.e.c.
Mortgages
Consumer credit
Security credit

21
22

Corporate equities
Mutual fund shares

23
24
25

Customers’ liab. on acceptances (1)
Miscellaneous assets
Total liabilities

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

3444.5

3742.2

4080.6

4431.2

4774.1

4784.6

4828.8

4918.9

5014.5

4998.5

5126.7

1

66.3

71.2

65.5

84.4

61.3

51.6

53.0

58.2

61.9

54.4

55.6

2

3231.5

3512.2

3844.6

4164.5

4515.2

4522.5

4568.8

4625.4

4718.6

4737.3

4838.7

3

609.7
173.0
436.7
216.6
89.5
130.7

664.0
166.8
497.2
247.7
107.0
142.4

703.7
124.8
578.9
301.5
115.9
161.5

731.1
122.8
608.3
283.7
120.9
203.8

714.4
87.9
626.5
297.8
111.0
217.6

690.3
72.2
618.1
308.1
114.4
195.7

691.6
69.9
621.7
323.5
116.4
181.8

722.9
65.3
657.6
346.0
134.0
177.6

756.7
56.5
700.2
350.6
168.2
181.4

793.7
68.6
725.1
359.8
166.4
198.9

848.1
75.4
772.7
418.0
148.6
206.1

4
5
6
7
8
9

93.7
64.8
4.2
21.8
38.9

96.1
85.8
3.0
22.5
60.4

104.4
118.2
3.9
42.8
71.5

110.2
161.8
4.5
48.8
108.5

113.4
214.0
4.1
56.5
153.4

112.2
229.8
7.9
57.5
164.4

115.9
242.2
8.6
54.3
179.3

117.8
258.8
8.0
53.8
197.0

119.7
278.5
25.3
59.3
193.9

118.2
281.6
19.0
60.7
201.9

118.0
269.7
14.0
58.9
196.8

10
11
12
13
14

2453.9
4.2
759.8
1102.9
526.8
60.2

2655.6
2.3
867.9
1208.4
512.6
64.4

2902.3
0.8
1012.0
1304.3
508.9
76.3

3137.8
0.7
1104.3
1465.4
499.8
67.6

3446.5
0.9
1202.4
1627.0
541.5
74.7

3464.8
0.0
1194.9
1654.1
533.7
82.2

3492.3
0.0
1180.2
1688.0
540.2
83.8

3502.8
0.0
1173.1
1700.8
536.2
92.6

3533.6
0.0
1140.9
1752.8
558.0
81.9

3513.0
0.0
1118.9
1762.7
550.7
80.7

3579.8
0.0
1100.6
1837.0
557.3
84.9

15
16
17
18
19
20

6.8
2.6

2.6
8.1

6.8
9.1

11.3
12.4

11.9
15.0

8.4
17.0

9.6
17.3

7.2
16.0

8.9
21.3

8.5
22.3

5.0
18.2

21
22

13.9
132.8

13.7
145.2

9.1
161.5

6.6
175.6

5.9
191.7

6.0
204.5

5.3
201.6

3.9
231.3

3.6
230.4

3.5
203.3

4.0
228.4

23
24

3598.7

3959.7

4353.3

4685.6

5169.7

5177.6

5225.7

5372.8

5451.7

5392.2

5544.3

25

26
27
28
29
30

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

0.4
4.3
0.1
-41.8
37.8

2.9
0.7
2.0
-50.2
50.4

25.2
1.6
0.0
-50.9
74.4

56.9
-0.2
0.2
-67.3
124.1

137.5
0.9
0.1
-33.0
169.5

112.1
0.2
0.0
-20.9
132.8

124.2
-0.4
0.2
-26.2
150.6

103.7
-0.5
0.1
-16.2
120.3

134.6
-0.0
0.0
-17.8
152.5

115.1
-0.5
0.0
0.0
115.6

114.9
-0.2
0.2
-3.3
118.3

26
27
28
29
30

31
32
33
34

Checkable deposits
Federal government
Rest of the world
Private domestic

661.4
28.7
21.6
611.1

640.3
27.8
26.0
586.5

605.8
13.2
24.8
567.9

608.7
49.6
37.6
521.5

523.7
16.4
28.3
479.0

498.4
21.7
29.4
447.3

518.1
36.5
30.8
450.8

522.6
34.4
33.4
454.8

606.5
45.7
31.2
529.5

545.8
51.6
34.4
459.8

586.8
106.3
33.4
447.1

31
32
33
34

35
36
37

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

1594.2
306.1
408.2

1738.0
369.3
471.7

1924.4
404.1
538.4

1997.4
465.7
667.0

2208.0
553.6
682.4

2288.5
548.2
678.9

2314.4
551.7
670.4

2371.6
552.2
672.0

2448.3
528.4
665.6

2533.4
524.2
629.3

2580.6
528.9
613.1

35
36
37

38
39
40
41

Acceptance liabilities
Corporate bonds
Other loans and advances
Taxes payable

14.0
50.9
39.0
4.0

13.7
61.6
58.1
5.4

9.1
72.1
104.9
7.1

6.6
75.8
145.6
9.0

6.0
86.4
172.4
11.1

6.0
89.9
176.1
11.7

5.4
89.0
179.0
12.3

4.1
91.8
184.4
12.9

3.7
94.7
196.6
13.5

3.5
92.3
199.0
14.1

4.0
93.1
212.3
14.8

38
39
40
41

42
43
44

Miscellaneous liabilities
Investment by bank holding companies
Other

520.6
372.9
147.7

598.7
413.6
185.1

662.0
469.0
193.0

653.1
471.9
181.2

788.6
525.4
263.2

767.9
541.8
226.1

761.1
552.2
208.9

857.6
577.8
279.8

759.8
586.1
173.7

735.3
593.8
141.6

795.7
609.9
185.9

42
43
44

3175.8

3450.7

3761.4

4080.0

4419.5

4420.8

4463.5

4513.5

4610.1

4629.3

4734.6

45

Memo:
45

Credit market funds advanced (2)

(1) Included in other loans and advances (table L.216).
(2) Total bank credit (line 3) less security credit (line 20) less corporate equities (line 21) less mutual fund shares (line 22) plus customers’ liability on acceptances (line 23).

71

Z.1, September 16, 2002

L.111 Foreign Banking Offices in U.S. (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

714.8

811.3

806.5

750.9

789.4

761.5

752.2

751.9

793.6

770.9

790.1

1

1.1

2.9

1.0

1.4

0.5

0.6

0.5

0.6

0.6

0.6

1.0

2

507.0

567.2

568.7

543.0

610.2

624.4

589.0

582.9

603.0

584.5

601.4

3

U.S. government securities
Treasury
Agency
Municipal securities
Corporate and foreign bonds

130.4
80.7
49.7
0.0
36.6

157.3
95.1
62.2
0.0
41.3

152.2
84.8
67.4
0.0
46.9

166.9
94.5
72.4
0.0
42.4

166.7
94.0
72.7
0.0
50.7

173.2
97.9
75.3
0.0
47.8

159.1
102.2
56.9
0.0
65.3

164.9
108.6
56.3
0.0
67.4

154.5
103.8
50.7
0.0
81.3

145.7
94.1
51.7
0.0
76.8

161.0
105.7
55.3
0.0
77.0

4
5
6
7
8

9
10
11
12
13

Total loans
Open market paper
Bank loans n.e.c.
Mortgages
Security credit

339.9
2.3
264.8
32.2
40.6

368.6
0.4
284.0
26.1
58.0

369.6
0.3
282.4
20.4
66.5

333.8
0.6
260.0
15.9
57.2

392.8
0.6
274.6
17.1
100.5

403.4
0.6
276.4
17.1
109.3

364.5
0.0
258.9
16.7
88.9

350.6
0.0
258.3
17.9
74.4

367.2
0.0
256.1
17.9
93.3

362.0
0.0
265.9
18.3
77.9

363.5
0.0
255.2
18.6
89.7

9
10
11
12
13

14

Corporate equities

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

14

9.4
197.2

6.9
234.3

2.2
234.5

1.6
204.9

1.6
177.1

1.5
135.1

1.2
161.5

0.9
167.5

1.0
188.9

1.0
184.9

0.9
186.9

15
16

2

Reserves at Federal Reserve

3

Total bank credit

4
5
6
7
8

15
16
17

Customers’ liab. on acceptances (2)
Miscellaneous assets

731.9

830.8

828.8

776.4

818.4

791.5

783.1

783.8

826.5

805.0

825.3

17

18
19
20

Total liabilities
Net interbank liabilities
To foreign banks
To domestic banks

178.6
162.1
16.5

148.2
144.4
3.8

93.2
92.7
0.4

48.2
41.5
6.7

7.4
-15.5
22.9

-17.2
-34.1
16.9

-16.6
-57.2
40.6

-1.9
-34.3
32.4

-9.4
-51.0
41.6

-13.7
-59.3
45.6

-55.7
-97.5
41.7

18
19
20

21
22
23

Checkable deposits
Small time and savings deposits
Large time deposits

8.0
8.7
176.6

8.8
13.1
221.3

8.6
9.4
257.6

9.1
7.5
314.8

8.7
7.2
318.2

8.2
7.6
337.5

8.1
13.4
335.3

8.5
9.0
327.1

9.1
11.6
371.5

8.1
8.5
417.7

7.5
9.7
419.1

21
22
23

24
25

Federal funds and security RPs (net)
Acceptance liabilities

55.1
9.6

80.7
7.2

100.4
2.4

82.5
2.0

134.8
2.0

140.6
1.8

116.6
1.4

107.2
1.0

123.9
1.1

96.1
1.0

121.3
0.9

24
25

26
27
28
29

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

295.2
30.3
64.5
200.5

351.5
38.8
78.8
233.9

357.3
46.1
90.6
220.6

312.2
64.7
93.0
154.5

340.1
68.1
138.7
133.3

312.9
68.2
142.3
102.4

325.0
73.2
137.3
114.5

332.8
74.2
113.5
145.1

318.8
78.1
107.9
132.8

287.2
78.3
103.2
105.8

322.4
78.3
124.3
119.8

26
27
28
29

475.8

516.1

504.5

487.4

511.3

516.6

501.3

509.3

510.7

507.7

512.6

30

Memo:
30

Credit market funds advanced (3)

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

72

Z.1, September 16, 2002

L.112 Bank Holding Companies
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2
3
4
5
6
7
8
9
10
11
12

Total financial assets
Credit market instruments
U.S. government securities
Treasury issues
Agency
Corporate and foreign bonds
Bank loans n.e.c.
Miscellaneous assets
Investment in bank subsidiaries
Investment in nonbank subsidiaries
Other
Total liabilities

13
14
15

Net interbank liabilities
To domestic banks
To foreign banks

16

Federal funds and security RPs (net)

17
18
19

Credit market instruments
Commercial paper
Corporate bonds

20

Miscellaneous liabilities

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

510.8

575.3

685.9

741.2

841.9

896.4

916.2

951.4

942.4

959.5

976.3

1

22.0

27.4

26.5

32.7

20.5

22.3

21.6

21.3

24.7

27.7

28.1

2

9.0
4.0
4.9
10.5
2.5

9.5
4.0
5.5
15.5
2.4

7.5
0.9
6.6
14.8
4.1

14.1
8.8
5.4
15.9
2.6

5.6
0.8
4.8
13.2
1.6

6.2
0.8
5.4
13.4
2.7

6.0
0.9
5.1
12.9
2.7

5.9
0.8
5.0
12.8
2.6

7.4
1.2
6.2
15.3
1.9

11.5
1.3
10.2
14.1
2.1

13.2
1.7
11.5
12.8
2.1

3
4
5
6
7

488.9
372.9
64.9
51.1

547.9
413.6
89.9
44.4

659.5
469.0
134.0
56.5

708.5
471.9
151.3
85.4

821.4
525.4
189.7
106.3

874.1
541.8
227.3
105.0

894.6
552.2
237.0
105.5

930.2
577.8
241.3
111.1

917.8
586.1
219.5
112.2

931.8
593.8
222.9
115.1

948.1
609.9
218.4
119.9

8
9
10
11

178.3

218.8

270.6

314.6

358.7

390.0

399.6

417.0

413.4

421.1

444.4

12

-7.9
14.7
-22.6

-7.6
14.3
-21.9

2.7
23.9
-21.3

6.7
32.1
-25.4

12.9
5.8
7.1

7.9
5.2
2.7

-4.8
-10.6
5.8

3.0
-11.8
14.8

-2.3
-12.7
10.4

-1.2
-23.8
22.6

-0.9
-20.4
19.5

13
14
15

-0.2

-0.2

0.4

0.5

-1.1

0.6

0.7

0.9

-1.2

1.0

1.0

16

150.0
32.0
118.0

168.6
37.6
131.0

193.5
45.4
148.1

219.3
54.5
164.8

242.5
55.7
186.8

266.5
63.4
203.2

269.0
62.7
206.4

272.7
62.4
210.3

266.1
50.6
215.5

269.0
56.5
212.5

264.2
43.4
220.7

17
18
19

36.3

57.9

74.1

88.1

104.4

115.0

134.6

140.3

150.8

152.3

180.1

20

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

Total financial assets

2

Checkable deposits and currency

3

Credit market instruments

4
5
6
7
8
9
10
11
12
13

U.S. government securities
Treasury
Agency
Municipal securities
Corporate and foreign bonds
Bank loans n.e.c.
Home mortgages
Commercial mortgages
Miscellaneous assets
Total liabilities

40.3

45.8

55.5

59.2

63.3

63.0

64.6

67.2

80.2

81.8

84.6

1

1.4

1.4

2.0

2.2

1.7

1.9

1.7

2.5

2.8

1.7

2.7

2

34.1

37.8

43.8

48.3

55.0

54.1

55.1

56.5

65.0

66.6

67.9

3

8.4
4.1
4.3
0.5
0.3

10.5
4.2
6.3
0.5
0.4

13.8
3.6
10.2
0.5
1.0

16.3
2.8
13.5
0.6
0.5

19.6
1.8
17.8
0.7
0.8

17.6
1.2
16.4
0.4
1.5

17.5
1.0
16.5
0.4
1.2

18.2
1.4
16.8
0.3
1.4

21.5
1.2
20.3
0.5
1.4

23.3
2.0
21.3
0.4
1.2

23.9
1.1
22.8
0.4
1.4

4
5
6
7
8

14.6
6.3
3.9

15.5
6.4
4.4

16.3
7.5
4.8

16.9
8.1
6.0

18.0
9.1
6.8

18.1
7.1
9.5

18.4
7.5
10.1

18.6
7.6
10.3

22.5
8.2
11.0

22.2
8.2
11.2

22.4
8.6
11.1

9
10
11

4.8

6.6

9.7

8.7

6.6

7.1

7.8

8.2

12.5

13.5

14.1

12

38.6

43.7

53.1

56.9

60.4

59.8

61.3

63.6

76.8

78.4

81.1

13

14
15
16

Checkable deposits
Small time and savings deposits
Large time deposits

6.9
10.4
10.4

7.3
10.4
10.4

8.5
11.4
11.4

8.5
12.2
12.2

8.4
13.6
13.6

8.4
13.4
13.4

8.8
14.5
14.5

8.8
15.2
15.2

11.5
18.1
18.1

11.2
18.7
18.7

13.3
19.5
19.5

14
15
16

17

Miscellaneous liabilities

10.9

15.6

21.9

24.1

24.8

24.5

23.4

24.5

29.0

29.7

28.7

17

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

73

Z.1, September 16, 2002

L.114 Savings Institutions (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2
3
4
5

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

6

Credit market instruments

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

1031.7

1028.6

1088.6

1150.5

1217.7

1254.0

1274.1

1287.6

1299.1

1318.3

1287.7

1

2.3
14.2
1.4
10.0

1.8
15.2
1.0
9.2

1.9
18.4
1.5
14.8

4.7
17.4
1.3
10.6

1.7
19.0
1.4
14.9

1.7
18.9
1.7
21.7

2.3
20.4
2.4
22.0

2.7
20.3
2.3
25.8

2.3
21.0
2.2
27.4

2.3
21.0
2.8
31.2

2.4
20.4
2.7
24.9

2
3
4
5

933.2

928.5

964.7

1032.4

1088.6

1100.5

1116.1

1118.1

1131.4

1134.7

1116.0

6

7
8
9
10

Open market paper
U.S. government securities
Treasury
Agency

0.3
173.4
17.4
156.1

0.0
169.8
14.6
155.3

0.0
153.8
10.2
143.7

0.0
157.2
10.1
147.1

0.0
149.2
8.7
140.4

0.0
153.3
8.0
145.3

0.0
158.2
7.5
150.7

0.0
155.5
6.6
148.9

0.0
172.8
11.4
161.4

0.0
187.7
14.1
173.6

0.0
179.9
12.6
167.3

7
8
9
10

11
12
13
14
15

Municipal securities
Corporate and foreign bonds
Other loans and advances
Mortgages
Consumer credit

2.1
68.6
15.7
628.3
44.7

2.1
58.7
18.8
631.8
47.2

2.5
88.6
24.2
644.0
51.6

3.0
111.9
30.6
668.1
61.5

3.2
109.4
39.3
723.0
64.6

3.8
95.9
41.4
740.5
65.5

4.0
93.2
43.8
751.6
65.3

4.1
88.1
43.6
758.3
68.5

4.5
83.9
42.9
758.2
69.1

4.6
83.3
44.5
746.0
68.6

4.8
82.9
42.1
740.3
66.0

11
12
13
14
15

17.8
52.9

23.3
49.7

24.5
62.8

23.8
60.2

24.2
67.8

24.6
85.0

25.6
85.2

27.1
91.2

27.9
87.0

28.3
98.0

28.6
92.6

16
17

1010.5

1001.0

1058.8

1119.6

1185.8

1221.9

1241.4

1253.5

1264.1

1284.1

1252.0

18

721.4
122.4
512.5
86.4

695.7
149.5
448.2
98.1

693.1
185.6
393.8
113.7

699.2
222.3
354.6
122.2

726.7
265.8
318.8
142.1

749.2
278.6
318.3
152.2

755.5
291.9
307.2
156.4

769.1
303.4
298.1
167.6

773.5
316.5
288.1
168.9

801.3
328.4
289.7
183.2

788.5
343.0
262.6
182.9

19
20
21
22

16
17
18

Corporate equities
Miscellaneous assets
Total liabilities

19
20
21
22

Deposits
Checkable
Small time and savings
Large time

23

Security RPs

43.7

41.8

51.3

72.7

66.7

67.1

69.6

54.6

72.4

78.1

69.6

23

24
25
26
27

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

140.5
2.7
15.9
121.9

160.3
2.8
19.4
138.0

212.4
2.6
29.7
180.1

260.4
2.7
14.0
243.7

287.7
6.3
21.5
260.0

295.1
2.8
22.6
269.7

294.4
6.4
21.6
266.4

305.6
6.1
23.4
276.1

295.1
3.6
23.0
268.5

280.5
3.5
22.9
254.2

275.3
2.9
24.0
248.4

24
25
26
27

28
29
30
31

Taxes payable
Miscellaneous liabilities
Investment by parent
Other

1.4
103.5
4.7
98.8

1.8
101.4
5.0
96.4

2.0
99.9
5.4
94.5

2.0
85.2
6.0
79.2

2.5
102.3
6.6
95.7

2.3
108.2
6.8
101.4

2.0
119.9
7.0
112.9

2.0
122.1
7.2
114.9

1.7
121.4
7.4
114.0

1.5
122.6
7.6
115.0

1.5
117.0
7.8
109.2

28
29
30
31

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

74

Z.1, September 16, 2002

L.115 Credit Unions
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2
3
4

Checkable deposits and currency
Time and savings deposits
Federal funds and security RPs

5

Credit market instruments

6
7
8
9

Open market paper
U.S. government securities
Treasury
Agency

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

330.1

353.8

391.5

414.5

441.1

466.5

480.7

496.4

505.5

532.8

542.4

1

7.5
16.4
1.4

8.1
17.0
3.5

9.1
23.4
6.8

26.4
16.6
9.3

12.2
17.1
4.0

15.0
20.9
10.8

18.1
19.0
8.3

25.0
18.7
7.9

19.8
25.5
2.5

20.0
26.0
7.3

19.8
28.2
5.0

2
3
4

288.5

305.3

324.2

351.7

379.7

387.0

392.4

408.4

421.2

433.1

445.1

5

0.3
68.1
17.4
50.7

0.2
66.7
15.6
51.0

0.4
71.5
13.1
58.4

1.9
70.9
9.6
61.3

1.2
69.2
8.2
60.9

1.1
76.4
8.0
68.4

1.6
72.8
6.6
66.3

1.3
80.6
6.4
74.1

2.4
88.0
7.4
80.6

2.3
98.3
7.6
90.7

2.8
101.5
7.9
93.7

6
7
8
9

10
11

Home mortgages
Consumer credit

76.0
144.1

86.0
152.4

96.9
155.4

111.0
167.9

124.9
184.4

126.7
182.8

131.6
186.4

139.1
187.3

141.3
189.6

146.0
186.5

151.0
189.7

10
11

12
13

Mutual fund shares
Miscellaneous assets

2.6
13.7

2.4
17.6

3.6
24.3

2.5
8.0

2.2
25.9

2.0
30.8

3.6
39.3

3.1
33.3

3.7
32.8

3.0
43.5

4.0
40.2

12
13

300.1

320.6

355.3

376.1

398.1

422.3

435.8

450.6

458.9

485.4

493.5

14

295.1
32.5
251.2
11.4

315.4
36.6
264.4
14.4

349.0
43.0
287.5
18.5

366.7
45.4
299.8
21.6

389.1
51.3
312.7
25.1

415.6
55.2
334.8
25.6

426.3
54.2
342.8
29.3

441.3
55.6
353.7
32.0

450.2
54.7
361.3
34.1

474.7
60.5
379.2
35.0

483.1
60.2
384.7
38.2

15
16
17
18

0.4
4.6

0.6
4.6

1.1
5.2

3.4
6.0

3.4
5.6

3.2
3.5

3.5
6.0

3.8
5.5

4.9
3.8

5.5
5.2

6.0
4.4

19
20

14

Total liabilities

15
16
17
18

Shares/deposits
Checkable
Small time and savings
Large time

19
20

Other loans and advances
Miscellaneous liabilities

L.116 Bank Personal Trusts and Estates (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total financial assets

2
3
4
5

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

6

Credit market instruments

7
8
9
10

Open market paper
U.S. government securities
Treasury
Agency

11
12
13

Municipal securities
Corporate and foreign bonds
Mortgages

14
15

Corporate equities
Mutual fund shares

16

Miscellaneous assets

17

Total liabilities (2)

841.2

917.7

976.3

1104.1

992.1

901.7

936.9

832.2

884.6

880.4

814.7

1

51.1
0.8
9.0
41.4

48.2
0.8
10.0
37.4

54.4
0.3
7.8
46.2

62.7
0.3
8.7
53.7

67.0
0.3
9.4
57.4

68.0
0.3
9.5
58.2

69.0
0.2
9.6
59.2

70.1
0.2
9.7
60.2

71.1
0.2
9.7
61.2

69.7
0.2
9.8
59.7

68.5
0.2
9.8
58.5

2
3
4
5

232.0

207.0

194.1

222.0

239.1

241.8

245.1

247.3

249.5

251.0

252.1

6

21.1
71.3
25.7
45.6

21.0
61.2
20.4
40.8

16.5
56.8
17.3
39.4

17.1
62.5
17.3
45.2

17.7
66.3
16.5
49.8

16.7
66.7
16.2
50.6

15.8
67.4
15.8
51.6

14.9
67.6
15.4
52.2

13.7
67.8
14.9
52.8

12.6
67.7
14.4
53.3

11.3
67.4
13.8
53.6

7
8
9
10

104.0
31.9
3.6

90.7
31.1
3.0

89.5
28.5
2.8

100.3
39.8
2.2

105.0
48.0
2.1

105.8
50.5
2.0

106.3
53.6
2.0

106.7
56.1
2.0

106.8
59.1
2.0

106.8
61.8
2.0

106.7
64.7
2.0

11
12
13

248.9
293.2

321.0
326.9

314.0
390.8

338.3
460.6

280.0
387.0

239.8
333.4

251.9
352.2

206.2
290.3

225.9
320.0

223.6
318.3

190.8
285.7

14
15

16.0

14.6

23.0

20.5

19.0

18.7

18.6

18.3

18.1

17.8

17.5

16

871.3

942.5

1001.0

1130.4

1019.4

929.1

964.4

859.6

912.0

907.8

842.0

17

(1) Includes personal trusts and estates administered by nondeposit noninsured trust companies.
(2) Equal to value of tangible and financial assets. These liabilities are assets of the household sector.

75

Z.1, September 16, 2002

L.117 Life Insurance Companies
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

2514.8

2769.5

3067.9

3135.7

3103.0

3198.5

3135.8

3224.6

3308.4

3284.9

1

8.1
92.8

5.4
110.4

5.5
133.8

5.0
142.3

17.8
154.7

24.3
166.7

29.9
172.7

36.8
185.3

35.1
173.3

34.6
175.9

2
3

1657.0

1751.1

1828.0

1886.0

1943.9

1969.6

2004.8

2054.8

2074.8

2136.9

2182.8

4

Open market paper
U.S. government securities
Treasury
Agency

48.4
337.4
93.2
244.1

65.9
312.1
85.5
226.7

73.4
288.4
71.3
217.0

75.8
287.1
62.8
224.4

71.2
293.5
58.1
235.4

60.4
297.6
57.2
240.4

58.9
301.2
56.2
245.1

65.5
305.7
55.2
250.5

59.3
307.2
53.7
253.5

66.1
317.4
55.0
262.4

69.1
324.2
56.0
268.2

5
6
7
8

Municipal securities
Corporate and foreign bonds
Policy loans
Mortgages

13.4
949.3
100.5
208.2

16.7
1046.0
103.7
206.8

18.4
1130.4
103.8
213.6

20.1
1173.2
99.0
230.8

19.1
1222.2
101.9
235.9

19.1
1254.6
102.9
235.1

19.0
1285.4
103.0
237.2

19.0
1320.9
104.4
239.2

18.7
1342.4
104.1
243.0

20.3
1385.5
104.4
243.3

20.8
1419.1
104.4
245.2

9
10
11
12

414.1
35.3

558.6
38.4

733.2
23.3

964.5
43.3

940.8
48.1

849.9
42.6

906.0
46.1

793.3
39.1

855.2
44.3

870.4
45.1

810.3
41.5

13
14

73.7

65.7

69.2

34.9

55.6

68.5

50.6

46.0

28.1

47.7

39.8

15

4

Credit market instruments

13
14

Corporate equities
Mutual fund shares

15

Miscellaneous assets

16

1999

4.3
61.9

Checkable deposits and currency
Money market fund shares

9
10
11
12

1998

2246.3

2
3

5
6
7
8

1997

2115.6

2359.7

2599.7

2882.8

2942.8

2902.2

2994.5

2939.4

3034.8

3119.2

3104.3

16

17
18
19

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

1.6
580.1
953.9

1.8
632.7
1086.1

2.5
684.7
1248.1

3.2
748.9
1431.0

2.5
782.7
1456.1

1.9
786.5
1412.3

1.9
803.1
1481.4

2.8
806.8
1413.4

3.1
842.2
1465.3

3.7
866.4
1486.6

4.0
875.8
1456.1

17
18
19

20
21

Taxes payable
Miscellaneous liabilities

12.5
567.5

13.7
625.4

14.9
649.5

16.2
683.5

17.8
683.8

18.2
683.3

18.7
689.4

19.2
697.1

19.7
704.4

20.3
742.1

20.9
747.6

20
21

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 21).

L.118 Other Insurance Companies
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total financial assets

2
3

Checkable deposits and currency
Security RPs

4

Credit market instruments

5
6
7
8
9
10
11
12
13
14
15
16

770.0

843.5

876.4

875.1

866.1

844.5

855.4

851.5

863.0

881.6

887.5

1

3.9
35.4

4.2
35.2

4.0
42.7

4.3
28.3

3.7
38.3

10.6
27.8

11.8
26.6

13.6
31.6

13.1
30.2

17.0
28.2

17.1
28.3

2
3

491.2

515.3

521.1

518.2

509.4

510.0

510.0

511.3

518.4

527.6

534.8

4

U.S. government securities
Treasury
Agency

171.8
120.9
51.0

161.9
91.1
70.8

140.0
70.4
69.7

136.2
60.6
75.5

136.2
52.1
84.1

138.2
51.9
86.3

138.2
51.9
86.3

142.4
51.6
90.8

146.3
52.0
94.2

149.4
53.4
96.0

151.4
54.1
97.3

5
6
7

Municipal securities
Corporate and foreign bonds
Commercial mortgages

175.4
141.6
2.4

191.6
159.5
2.2

208.1
171.1
2.0

199.0
181.1
1.9

184.1
187.5
1.6

181.0
189.1
1.6

181.0
189.1
1.7

174.8
192.4
1.7

173.8
196.4
1.9

176.5
199.9
1.9

178.9
202.6
1.9

8
9
10

148.6
57.2
33.6

186.0
59.9
42.8

200.1
61.5
47.0

207.9
63.6
53.0

194.3
64.6
55.8

172.2
67.6
56.4

179.9
69.8
57.3

164.5
72.7
57.7

173.9
69.9
57.5

176.2
73.4
59.2

167.9
77.9
61.6

11
12
13

521.4

535.7

543.1

552.0

563.0

568.8

574.4

593.6

591.7

601.7

615.6

14

11.6
509.9

13.4
522.3

15.4
527.7

17.4
534.6

19.7
543.3

20.3
548.5

21.0
553.4

21.7
571.9

22.4
569.3

23.2
578.5

23.9
591.7

15
16

Corporate equities
Trade receivables
Miscellaneous assets
Total liabilities
Taxes payable
Miscellaneous liabilities

76

Z.1, September 16, 2002

L.119 Private Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

3251.1

3746.5

4177.8

4630.4

4515.4

4183.6

4319.2

3941.9

4171.7

4255.4

3937.1

1

2
3
4
5

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

5.4
111.9
48.4
26.7

6.6
119.4
61.4
27.6

5.7
147.7
63.4
28.8

6.6
144.7
75.1
28.6

7.1
147.6
79.6
29.6

6.8
148.6
77.2
28.7

6.8
150.3
74.9
30.6

6.5
151.5
71.9
31.0

6.1
151.8
69.0
30.4

6.2
151.6
69.7
29.4

6.4
152.9
70.4
30.9

2
3
4
5

6

Credit market instruments

627.0

674.6

651.2

668.2

701.6

706.8

718.0

720.6

721.9

728.7

738.1

6

7
8
9
10

Open market paper
U.S. government securities
Treasury
Agency

30.1
343.1
139.4
203.7

31.3
354.9
143.5
211.4

34.3
307.3
112.5
194.8

37.5
318.5
109.8
208.8

35.8
333.7
108.4
225.2

32.6
338.1
105.7
232.4

35.2
342.0
105.9
236.1

38.8
338.3
103.2
235.1

37.5
341.1
104.2
236.9

36.0
344.7
106.3
238.4

44.0
343.6
107.5
236.1

7
8
9
10

11
12

Corporate and foreign bonds
Mortgages

244.9
9.0

278.7
9.7

300.3
9.3

301.9
10.3

320.7
11.5

324.3
11.8

328.6
12.1

331.1
12.4

330.5
12.8

334.8
13.2

337.0
13.6

11
12

1463.9
412.3

1696.4
569.6

1990.7
668.2

2325.7
753.8

2195.1
733.6

1953.6
652.1

2038.2
687.0

1748.7
602.9

1925.8
651.5

1961.6
682.4

1720.5
599.4

13
14

13
14

Corporate equities
Mutual fund shares

15
16
17
18

Miscellaneous assets
Unallocated insurance contracts (2)
Contributions receivable
Other

555.5
361.1
86.4
108.0

590.9
381.9
93.5
115.4

622.2
384.6
114.9
122.7

627.7
393.5
110.1
124.1

621.3
378.4
111.3
131.6

609.7
366.0
111.7
132.0

613.4
368.4
112.0
133.0

608.8
357.8
112.3
138.7

615.3
369.0
112.6
133.7

625.9
378.1
112.9
134.8

618.4
370.5
113.3
134.7

15
16
17
18

19

Pension fund reserves (liabilities) (3)

3295.2

3793.6

4231.9

4687.9

4576.4

4245.6

4382.1

4005.8

4236.5

4321.2

4003.8

19

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

L.120 State and Local Government Employee Retirement Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total financial assets

1494.6

1817.1

2054.1

2226.8

2289.6

2169.4

2229.5

2077.7

2179.6

2208.5

2077.7

1

7.5
2.3
28.2

5.3
2.4
28.6

10.0
2.0
37.5

9.2
1.7
40.4

9.1
1.1
44.7

7.2
0.8
42.5

11.9
1.1
46.8

11.7
0.8
46.1

9.5
0.6
45.3

9.9
1.2
45.4

10.0
2.0
44.0

2
3
4

565.4

632.5

704.6

751.4

806.0

788.3

807.6

789.0

788.4

806.0

807.3

5

Open market paper
U.S. government securities
Treasury
Agency

28.2
308.4
203.5
104.9

28.6
340.2
216.9
123.3

37.5
360.1
217.7
142.4

40.4
376.4
211.2
165.3

44.7
398.5
195.7
202.8

42.5
391.3
195.3
196.0

46.8
414.8
204.4
210.4

46.1
377.7
187.7
190.0

45.3
365.7
177.4
188.3

45.4
372.4
187.0
185.5

44.0
376.0
190.0
186.0

6
7
8
9

Municipal securities
Corporate and foreign bonds
Mortgages

0.6
211.4
16.7

1.5
244.5
17.6

3.3
279.6
24.1

3.0
310.0
21.5

1.6
339.7
21.5

1.8
330.6
22.1

1.6
321.6
22.8

0.5
341.0
23.7

1.4
351.1
24.9

0.4
361.6
26.2

0.5
359.0
27.8

10
11
12

828.5
62.8

1084.8
63.5

1233.9
66.1

1343.2
81.0

1335.1
93.5

1224.1
106.4

1255.1
106.9

1113.8
116.2

1221.9
113.8

1244.8
101.2

1110.7
103.7

13
14

1514.6

1842.0

2085.4

2262.3

2331.5

2212.8

2274.2

2123.6

2226.4

2256.3

2126.2

15

2
3
4

Checkable deposits and currency
Time and savings deposits
Security RPs

5

Credit market instruments

6
7
8
9
10
11
12
13
14
15

Corporate equities
Miscellaneous assets
Pension fund reserves (liabilities) (1)

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

77

Z.1, September 16, 2002

L.121 Money Market Mutual Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

886.7

1042.5

1329.7

1578.8

1812.1

1994.7

2014.7

2116.1

2240.7

2202.6

2150.3

1

2
3
4
5

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

23.1
-1.1
82.7
103.8

23.2
1.5
111.3
126.6

30.6
-1.0
127.0
139.5

42.9
-2.2
160.4
139.6

91.1
2.2
142.4
183.0

111.7
-3.9
178.8
206.2

110.4
-2.8
175.2
208.2

110.6
-9.6
182.7
221.5

124.2
4.6
219.5
227.0

122.9
0.8
225.5
235.9

118.0
-3.9
231.0
246.9

2
3
4
5

6

Credit market instruments

634.3

721.9

965.9

1147.8

1290.9

1404.2

1414.3

1498.0

1536.9

1496.4

1419.3

6

7
8
9
10

Open market paper
U.S. government securities
Treasury
Agency

273.9
192.0
90.2
101.8

336.0
182.5
86.2
96.3

414.2
277.5
103.6
173.8

519.0
294.7
103.8
190.9

608.6
275.6
90.4
185.2

642.5
344.6
96.3
248.3

638.1
361.3
93.4
267.9

647.2
429.0
111.9
317.1

638.9
454.1
135.7
318.4

620.2
449.6
137.8
311.8

595.4
413.3
123.3
290.1

7
8
9
10

11
12

Municipal securities
Corporate and foreign bonds

144.5
23.9

167.0
36.4

193.0
81.2

210.4
123.7

244.7
161.9

255.5
161.6

254.9
159.9

267.1
154.7

281.0
163.0

274.2
152.4

269.3
141.3

11
12

43.8

58.1

67.7

90.4

102.5

97.7

109.4

113.0

128.6

121.0

138.9

13

886.7

1042.5

1329.7

1578.8

1812.1

1994.7

2014.7

2116.1

2240.7

2202.6

2150.3

14

13
14

Miscellaneous assets
Total shares outstanding (liabilities)

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

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

Total financial assets

2

Security RPs

3

Credit market instruments

2342.4

2989.4

3613.1

4538.5

4434.6

3990.4

4259.5

3753.1

4135.5

4246.9

3908.8

1

47.5

57.8

70.9

80.8

106.4

88.4

84.6

77.6

74.8

85.8

79.5

2

820.2

901.1

1028.4

1076.8

1097.8

1113.9

1160.3

1188.2

1223.8

1276.8

1295.3

3

4
5
6
7

Open market paper
U.S. government securities
Treasury
Agency

47.2
330.2
125.8
204.4

57.8
349.7
136.4
213.3

70.9
375.9
141.0
234.9

80.8
388.4
117.3
271.1

106.4
399.0
123.7
275.3

88.4
412.8
118.7
294.1

80.9
446.4
118.2
328.1

77.6
464.0
112.3
351.7

74.8
475.6
115.1
360.5

81.6
496.0
120.0
376.0

61.1
509.9
123.4
386.5

4
5
6
7

8
9

Municipal securities
Corporate and foreign bonds

213.3
229.5

219.8
273.8

242.6
339.0

239.4
368.2

230.5
361.9

236.0
376.8

240.2
392.8

245.8
400.8

253.4
420.0

257.8
441.3

265.0
459.3

8
9

1470.0
4.7

2018.7
11.8

2506.2
7.7

3376.7
4.2

3226.9
3.5

2786.7
1.3

3013.6
1.0

2486.2
1.1

2836.1
0.8

2883.1
1.2

2532.8
1.2

10
11

2342.4

2989.4

3613.1

4538.5

4434.6

3990.4

4259.5

3753.1

4135.5

4246.9

3908.8

12

10
11
12

Corporate equities
Miscellaneous assets
Total shares outstanding (liabilities)

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

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

Total financial assets

2
3
4
5

Credit market instruments
U.S. government securities
Municipal securities
Corporate and foreign bonds

6

Corporate equities

144.4

149.0

151.0

151.0

142.0

136.5

137.7

131.6

133.8

133.0

128.3

1

100.8
11.4
60.8
28.6

98.3
10.2
60.0
28.2

103.8
9.3
61.8
32.7

111.2
8.0
70.5
32.6

106.4
7.7
68.4
30.3

106.0
7.3
69.6
29.1

105.6
6.8
70.8
28.0

105.2
6.4
71.9
26.8

104.7
6.0
73.1
25.7

104.3
5.5
74.2
24.5

103.9
5.1
75.4
23.4

2
3
4
5

43.6

50.7

47.3

39.9

35.5

30.5

32.2

26.4

29.0

28.7

24.4

6

2.4

6.7

15.6

33.9

65.6

66.0

75.6

64.3

83.0

88.2

89.0

7

146.8
144.4
2.4

155.7
149.0
6.7

166.6
151.0
15.6

184.9
151.0
33.9

207.6
142.0
65.6

202.5
136.5
66.0

213.3
137.7
75.6

195.9
131.6
64.3

216.7
133.8
83.0

221.2
133.0
88.2

217.2
128.3
89.0

8
9
10

Exchange-traded funds
7

Total financial assets (1)
Memo:

8
9
10

Market value of equities
Closed-end funds
Exchange-traded funds

(1) Corporate equities.

78

Z.1, September 16, 2002

L.124 Government-Sponsored Enterprises (GSEs) (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2
3

Checkable deposits and currency
Federal funds and security RPs

4

Credit market instruments

5
6
7
8

Open market paper
U.S. government securities
Treasury
Agency

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

988.6

1099.4

1403.8

1720.6

1969.4

2054.5

2123.4

2219.8

2300.8

2348.3

2385.7

1

0.7
94.5

1.9
90.4

4.4
77.0

11.8
89.7

2.1
74.9

2.0
90.5

2.7
81.0

3.9
91.9

3.9
85.9

3.7
91.0

5.4
78.1

2
3

832.0

938.3

1252.3

1543.5

1807.1

1877.7

1956.1

2026.1

2114.3

2163.8

2199.0

4

35.1
276.3
18.8
257.6

34.0
352.4
25.9
326.5

60.9
514.7
25.2
489.6

33.8
699.2
30.9
668.3

44.7
854.4
41.2
813.3

39.2
905.9
31.5
874.4

44.8
954.9
41.7
913.2

45.9
1000.9
37.2
963.7

80.3
1030.5
31.8
998.7

49.2
1110.0
32.7
1077.3

59.4
1118.1
33.7
1084.5

5
6
7
8

5.6
41.8

5.2
47.1

9.2
67.8

10.6
91.5

8.8
117.2

9.9
123.6

12.0
133.7

12.1
132.3

14.8
132.7

11.4
139.2

10.3
134.0

9
10

9
10

Municipal securities
Corporate and foreign bonds

11
12
13
14

Other loans and advances
Sallie Mae
Farm Credit System
FHLB

229.1
36.2
31.6
161.4

260.3
30.9
31.6
197.8

352.6
29.5
34.9
288.2

466.2
34.6
35.8
395.7

514.6
37.8
38.9
437.9

527.9
38.4
39.0
450.5

530.1
39.6
40.1
450.3

547.2
40.1
40.4
466.8

554.7
40.2
41.8
472.7

544.7
40.7
42.0
462.0

556.5
42.9
43.2
470.4

11
12
13
14

15
16
17
18

Mortgages
Home
Multifamily residential
Farm

244.1
198.5
17.7
27.9

239.4
194.3
16.2
28.9

247.1
199.6
16.4
31.0

242.3
189.3
20.8
32.2

267.3
205.1
28.1
34.2

271.2
206.3
30.0
34.9

280.7
212.0
32.3
36.4

287.7
215.8
34.5
37.4

301.2
225.3
37.5
38.5

309.3
230.2
39.6
39.5

320.6
238.8
41.4
40.4

15
16
17
18

61.5

68.8

70.1

75.5

85.2

84.2

83.6

97.9

96.8

89.8

103.3

19

964.1

1070.3

1368.9

1681.1

1922.5

2008.4

2074.3

2169.3

2247.1

2292.6

2326.7

20

896.9
896.9
0.0

995.3
995.3
0.0

1273.6
1273.6
0.0

1591.7
1591.7
0.0

1825.8
1825.8
0.0

1888.7
1888.7
0.0

1955.8
1955.8
0.0

2037.4
2037.4
0.0

2114.0
2114.0
0.0

2161.8
2161.8
0.0

2199.6
2199.6
0.0

21
22
23

67.2

75.1

95.3

89.3

96.7

119.7

118.5

131.9

133.1

130.8

127.1

24

19
20

Miscellaneous assets
Total liabilities

21
22
23

Credit market instruments
GSE issues (2)
U.S. government loans

24

Miscellaneous liabilities

(1) Federal Home Loan Banks, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Farm Credit System, the Financing Corporation, the Resolution
Funding Corporation, and the Student Loan Marketing Association (Sallie Mae), which is a subsidiary of USA Education, Inc., a private company chartered in 1997.
(2) Such issues are classified as U.S. government securities.

L.125 Federally Related Mortgage Pools (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

1711.3

1825.8

2018.4

2292.2

2491.6

2534.2

2635.7

2758.8

2830.1

2955.3

3041.8

1

2
3
4
5

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

1678.8
32.5
0.0
0.0

1788.1
37.8
0.0
0.0

1970.2
48.3
0.0
0.0

2234.7
57.5
0.0
0.0

2425.6
66.0
0.0
0.0

2464.9
69.3
0.0
0.0

2561.7
74.1
0.0
0.0

2681.5
77.3
0.0
0.0

2748.5
81.6
0.0
0.0

2870.8
84.5
0.0
0.0

2955.2
86.6
0.0
0.0

2
3
4
5

6

Total pool securities (liabilities)(2)

1711.3

1825.8

2018.4

2292.2

2491.6

2534.2

2635.7

2758.8

2830.1

2955.3

3041.8

6

(1) GNMA, FNMA, FHLMC, and Farmers Home Administration pools. Also includes federally related pools which are used as collateral for federally related agency-issued 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 U.S. government securities.

79

Z.1, September 16, 2002

L.126 Issuers of Asset-Backed Securities (ABSs)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

1

Total financial assets

854.6

1065.8

1385.4

1611.6

1822.9

1887.5

1936.7

2020.0

2132.1

2191.5

2261.7

1

2

Agency securities (1)

137.8

142.3

180.2

220.4

224.7

236.9

240.6

249.9

267.0

284.5

297.2

2

3
4
5

Other loans and advances
Student loans
Loans to business

44.0
6.3
37.7

76.2
14.1
62.1

103.8
17.9
85.9

113.0
19.4
93.6

138.3
29.9
108.4

138.1
30.5
107.6

132.3
31.0
101.3

148.4
31.2
117.2

151.5
30.7
120.8

160.3
32.5
127.8

157.6
32.2
125.4

3
4
5

6
7
8
9

Mortgages (2)
Home
Multifamily residential
Commercial

326.3
256.2
15.9
54.2

406.2
310.7
20.9
74.6

563.0
405.2
33.8
124.0

656.1
455.0
42.3
158.8

739.8
499.8
48.8
191.2

766.4
523.3
49.0
194.1

796.9
539.2
50.8
206.9

824.4
550.2
53.6
220.6

885.6
591.2
57.0
237.4

913.9
616.3
57.5
240.1

944.6
637.2
59.2
248.3

6
7
8
9

Consumer credit
Trade receivables

265.8
80.7

313.1
128.1

372.4
165.9

435.1
187.0

500.1
220.0

519.2
227.0

533.9
233.0

557.3
240.0

582.2
245.9

580.6
252.3

604.2
258.1

10
11

863.3

1076.6

1398.0

1621.4

1829.5

1894.1

1944.3

2027.0

2138.9

2198.0

2267.9

12

146.7
716.6

256.1
820.5

381.8
1016.2

520.8
1100.6

641.8
1187.7

653.3
1240.8

670.3
1274.0

691.3
1335.8

745.3
1393.6

731.4
1466.7

714.0
1553.9

13
14

8.7
7.4

10.8
11.1

12.7
13.9

9.7
12.9

6.6
10.7

6.6
10.1

7.6
10.0

7.0
9.5

6.8
10.0

6.5
9.5

6.2
11.3

15
16

10
11
12
13
14

15
16

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

(1) Federally related mortgage pool securities backing privately issued CMOs.
(2) Mortgages backing privately issued pool securities and privately issued CMOs.
(3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).
The leased automobile is a tangible asset.
(4) Included in table L.129.

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

Total financial assets

716.7

763.9

852.7

1003.0

1137.9

1140.1

1145.4

1136.3

1155.7

1123.8

1138.3

1

18.5

20.6

22.8

25.3

27.9

28.6

29.3

30.0

30.8

31.5

32.3

2

2

Checkable deposits and currency

3
4
5
6

Credit market instruments
Other loans and advances
Mortgages
Consumer credit

545.1
304.7
85.5
154.9

568.2
304.1
96.5
167.5

645.5
340.9
121.2
183.3

742.5
395.1
145.8
201.5

850.5
458.4
172.3
219.8

848.0
459.1
176.1
212.8

878.5
481.9
182.3
214.3

859.5
451.1
187.4
220.9

844.8
447.0
161.3
236.6

832.4
443.0
157.2
232.3

834.6
440.8
157.8
236.0

3
4
5
6

7

Miscellaneous assets

153.1

175.1

184.4

235.3

259.6

263.5

237.7

246.8

280.1

259.9

271.5

7

742.1

780.8

856.6

994.6

1159.5

1159.3

1167.4

1161.0

1179.6

1155.9

1183.7

8

534.5
178.0
336.8
19.7

568.3
202.6
341.5
24.2

625.5
233.3
365.6
26.5

695.7
230.4
429.9
35.4

776.9
238.8
502.2
35.9

756.2
180.9
533.8
41.6

769.0
181.6
542.1
45.3

771.2
171.0
555.8
44.5

776.7
158.6
567.4
50.8

760.8
137.0
574.4
49.4

784.7
129.4
598.4
56.9

9
10
11
12

5.7

6.5

7.3

8.1

9.1

9.3

9.6

9.9

10.2

10.6

10.9

13

202.0
29.7
54.6
117.8

206.0
35.7
47.1
123.2

223.8
37.2
34.3
152.3

290.7
49.8
87.8
153.1

373.5
65.3
102.5
205.6

393.7
70.3
97.2
226.2

388.8
72.3
93.4
223.1

379.9
67.7
91.7
220.5

392.6
71.5
99.2
221.9

384.5
72.8
82.6
229.2

388.1
73.1
82.3
232.8

14
15
16
17

93.2

98.8

96.6

102.9

108.2

106.4

110.2

108.3

103.5

97.6

92.0

18

8

Total liabilities

9
10
11
12

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

13

Taxes payable

14
15
16
17

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

18

Memo:
Consumer leases not included above (2)

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

80

Z.1, September 16, 2002

L.128 Mortgage Companies
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001
Q1

1
2
3
4
5
6
7

Total financial assets
Home mortgages
Multifamily residential mortgages
Commercial mortgages
Total liabilities
Bank loans n.e.c.
Investment by parent

Q2

2002
Q3

Q4

Q1

Q2

41.2

32.1

35.3

35.6

35.9

36.2

36.5

36.9

37.2

37.6

38.0

1

32.0
4.1
5.1

21.8
5.2
5.1

24.9
5.3
5.1

25.2
5.3
5.1

25.4
5.4
5.1

25.8
5.4
5.1

26.0
5.4
5.1

26.4
5.4
5.1

26.7
5.4
5.1

27.1
5.5
5.1

27.4
5.5
5.1

2
3
4

41.2

32.1

35.3

35.6

35.9

36.2

36.5

36.9

37.2

37.6

38.0

5

20.6
20.6

16.0
16.0

17.7
17.7

17.8
17.8

17.9
17.9

18.1
18.1

18.2
18.3

18.5
18.5

18.6
18.6

18.8
18.8

19.0
19.0

6
7

62.1

63.5

65.6

68.0

70.2

77.5

85.1

1

L.129 Real Estate Investment Trusts (REITs)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total financial assets

2

Checkable deposits and currency

3

Credit market instruments

38.2

64.3

70.7

68.4

2.2

3.3

4.1

4.4

4.3

4.1

4.7

5.2

5.2

5.6

5.8

2

30.4

50.6

45.5

42.9

36.6

37.6

37.9

39.8

43.3

49.9

57.9

3

4
5

Agency securities
Corporate and foreign bonds

12.2
4.3

21.2
6.5

13.1
6.1

14.2
5.7

14.5
5.3

13.9
7.4

17.4
5.2

18.3
5.9

20.3
7.4

25.9
7.7

29.3
8.9

4
5

6
7
8
9

Mortgages
Home
Multifamily residential
Commercial

13.8
8.0
1.2
4.6

22.9
14.0
2.1
6.9

26.3
14.8
2.1
9.4

23.0
12.4
1.6
9.0

16.8
7.9
1.3
7.6

16.3
7.8
1.2
7.4

15.3
7.6
1.2
6.5

15.6
8.0
1.3
6.4

15.7
7.9
1.1
6.6

16.3
8.7
1.1
6.5

19.7
10.7
1.2
7.8

6
7
8
9

5.6

10.5

21.2

21.1

21.1

21.8

23.0

22.9

21.6

21.9

21.4

10

205.6

216.8

217.5

221.9

221.8

223.1

227.8

236.0

246.0

11

10

Miscellaneous assets

11

Total liabilities

79.4

139.0

12

Security RPs

13.7

24.9

15.1

15.7

11.9

13.1

15.1

16.9

19.7

25.4

29.3

12

13
14
15
16
17

Credit market instruments
Open market paper
Corporate bonds
Bank loans n.e.c.
Mortgages

56.5
0.0
16.8
7.8
31.9

96.1
0.0
31.6
17.6
46.8

158.8
0.2
53.4
33.6
71.6

165.1
0.1
62.2
26.0
76.7

167.8
0.2
67.0
17.7
82.9

166.2
0.1
70.0
15.0
81.1

168.9
0.0
68.6
15.2
85.1

168.3
1.1
68.6
14.0
84.6

170.2
0.8
70.8
14.4
84.2

172.1
1.1
71.1
14.0
85.9

178.4
1.6
75.6
13.7
87.6

13
14
15
16
17

9.2

18.0

31.6

36.0

37.8

42.6

37.8

37.9

37.9

38.6

38.3

18

7.4
4.5
2.6
0.3
0.0

11.1
4.9
5.7
0.4
0.0

13.9
5.0
7.5
0.8
0.6

12.9
3.7
7.6
0.9
0.7

10.7
3.5
6.7
0.4
0.1

10.1
3.4
6.2
0.4
0.1

10.0
3.1
6.0
0.5
0.4

9.5
2.9
5.8
0.5
0.4

10.0
2.6
6.5
0.5
0.4

9.5
2.3
6.5
0.5
0.3

11.3
2.0
8.4
0.5
0.4

19
20
21
22
23

18

19
20
21
22
23

Miscellaneous liabilities
Memo:
Securitized assets included above
Agency securities
Home mortgages
Multifamily residential mortgages
Commercial mortgages

81

Z.1, September 16, 2002

L.130 Security Brokers and Dealers
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total financial assets

2

Checkable deposits and currency

3

Credit market instruments

4
5
6
7
8
9
10
11
12
13

Open market paper
U.S. government securities
Treasury
Agency
Municipal securities
Corporate and foreign bonds
Corporate equities
Security credit
Miscellaneous assets
Total liabilities

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

636.4

779.2

921.2

1001.0

1221.4

1211.5

1334.9

1458.9

1465.7

1439.8

1454.1

1

15.7

21.7

25.4

28.7

30.3

31.0

37.1

53.8

47.1

43.0

45.4

2

167.7

182.6

189.4

154.7

223.6

317.7

288.4

366.2

316.1

299.6

357.0

3

23.7
42.4
-12.8
55.2
10.8
90.9

24.3
45.1
-5.3
50.4
13.2
100.0

28.0
66.7
15.8
50.9
13.1
81.4

26.0
23.3
-42.6
66.0
11.9
93.4

39.2
60.4
-3.3
63.7
11.3
112.7

44.6
136.4
61.1
75.3
12.7
124.0

44.8
97.9
1.6
96.3
13.7
132.0

50.8
147.9
67.4
80.4
16.0
151.6

48.2
87.6
9.8
77.8
19.0
161.3

47.6
70.2
-1.7
71.8
13.6
168.2

49.4
105.9
15.9
90.0
17.4
184.3

4
5
6
7
8
9

37.9
94.4
320.7

51.9
131.2
391.8

54.4
152.8
499.3

66.9
227.9
522.8

77.2
235.1
655.1

78.3
195.8
588.8

89.8
196.0
723.6

66.6
254.9
717.5

85.1
196.4
821.0

86.2
190.4
820.6

82.2
166.5
802.9

10
11
12

597.5

729.2

866.8

932.8

1150.4

1136.6

1258.1

1382.2

1383.1

1355.3

1367.4

13

14
15

Security RPs (net)
Corporate bonds

180.9
27.3

203.5
35.3

208.2
42.5

245.2
25.3

302.2
40.9

287.1
35.0

334.2
43.9

403.6
47.1

353.2
42.3

391.0
38.4

440.5
42.8

14
15

16
17
18
19
20

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

14.3
263.7
162.9
100.8
1.3

19.9
337.9
215.5
122.5
1.3

18.9
419.5
276.7
142.8
1.3

30.9
448.7
323.9
124.8
2.2

35.9
587.6
412.4
175.2
2.1

35.3
603.5
412.0
191.5
1.2

33.3
585.6
412.9
172.7
1.3

36.1
657.3
490.2
167.1
1.4

39.2
629.5
454.3
175.2
1.9

36.3
584.4
425.8
158.5
1.9

30.5
564.1
389.5
174.6
1.6

16
17
18
19
20

21
22
23
24

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

110.1
8.8
178.6
-77.3

131.1
8.5
254.5
-131.9

176.4
10.7
351.9
-186.2

180.5
10.9
413.7
-244.1

181.7
19.1
452.3
-289.7

174.5
17.6
505.8
-348.9

259.8
17.2
508.5
-265.9

236.7
17.4
508.0
-288.7

317.0
14.5
498.5
-196.0

303.3
14.4
515.0
-226.1

287.9
11.3
504.7
-228.1

21
22
23
24

L.131 Funding Corporations (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total financial assets

499.2

612.7

716.8

963.9

1085.7

1110.3

1080.3

1007.2

1080.5

1077.2

1075.4

1

2

Money market fund shares

147.5

157.9

215.8

264.7

298.2

335.1

366.1

377.8

415.7

405.5

411.7

2

3
4
5

Credit market instruments
Open market paper
Corporate and foreign bonds

121.0
84.5
36.5

166.7
133.6
33.1

152.3
114.7
37.6

276.0
242.3
33.8

310.4
276.5
33.9

281.0
237.4
43.6

233.5
180.2
53.3

177.7
113.5
64.2

202.3
127.5
74.8

208.7
122.4
86.3

185.1
87.1
98.0

3
4
5

6
7
8

Miscellaneous assets (2)
Investment in foreign banking offices
Investment in brokers and dealers

230.7
64.5
166.3

288.0
78.8
209.2

348.7
90.6
258.2

423.1
93.0
330.1

477.1
138.7
338.4

494.2
142.3
351.9

480.7
137.3
343.5

451.7
113.5
338.2

462.5
107.9
354.7

463.0
103.2
359.8

478.6
124.3
354.3

6
7
8

499.2

612.7

716.8

963.9

1085.7

1110.3

1080.3

1007.2

1080.5

1077.2

1075.4

9

10
11
12

9

Total liabilities
Credit market instruments
Open market paper
Corporate bonds

312.4
198.8
113.6

372.6
228.5
144.2

412.6
234.4
178.2

504.0
268.5
235.5

503.7
266.2
237.5

524.3
275.4
248.9

478.6
223.1
255.5

433.6
179.4
254.2

448.4
188.8
259.7

442.6
160.5
282.1

432.8
153.6
279.2

10
11
12

13
14
15
16

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

186.9
-81.6
276.1
-7.6

240.1
-84.6
333.3
-8.6

304.3
-63.9
403.3
-35.1

459.8
-80.9
419.5
121.2

582.0
-26.6
508.2
100.4

586.0
-30.0
487.8
128.2

601.7
2.1
542.4
57.2

573.7
18.2
559.4
-3.9

632.1
14.1
578.3
39.7

634.6
20.4
584.1
30.2

642.6
45.9
592.2
4.5

13
14
15
16

(1) Funding subsidiaries, nonbank financial holding companies, and custodial accounts for reinvested collateral of securities lending operations.
(2) Due from affiliated companies.

82

Z.1, September 16, 2002

L.200 Gold and Official Foreign Exchange Holdings (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001
Q1

1
2
3
4
5
6
7
8
9
10
11

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

Q2

2002
Q3

Q4

Q1

Q2

75.1

70.0

81.8

71.5

67.6

64.2

64.8

71.0

68.7

67.6

74.7

1

21.4

21.1

21.6

21.4

21.6

21.4

21.5

22.0

21.8

21.9

22.7

2

10.3
11.0

10.0
11.0

10.6
11.0

10.3
11.0

10.5
11.0

10.4
11.0

10.4
11.0

10.9
11.0

10.8
11.0

10.8
11.0

11.6
11.0

3
4

53.7

48.9

60.1

50.1

46.1

42.8

43.4

49.0

46.8

45.7

52.0

5

Official foreign currency holdings
Treasury
Monetary authority

38.3
19.0
19.3

30.8
13.8
17.0

36.0
16.2
19.8

32.2
16.0
16.1

31.2
15.6
15.7

29.0
14.5
14.6

28.8
14.3
14.4

30.6
15.2
15.4

29.0
14.4
14.6

28.6
14.3
14.4

32.2
16.0
16.2

6
7
8

Net IMF position
Federal government
Monetary authority

15.4
15.5
-0.1

18.1
18.2
-0.1

24.1
24.2
-0.1

18.0
18.0
-0.1

14.8
14.9
-0.1

13.8
13.9
-0.1

14.6
14.7
-0.1

18.4
18.5
-0.1

17.9
17.9
-0.1

17.1
17.2
-0.1

19.8
19.9
-0.1

9
10
11

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

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

Liab: Federal government
Asset: Monetary authority

9.7
9.7

9.2
9.2

9.2
9.2

6.2
6.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

1
2

Treasury currency:
3
4

Liab: Federal government
Asset: Monetary authority

18.9
25.0

19.3
25.6

19.9
26.3

20.9
28.0

23.2
31.6

22.9
32.3

23.2
32.7

23.2
33.0

23.2
33.0

23.2
33.6

23.2
33.8

3
4

5

Discrepancy (seigniorage)

-6.1

-6.3

-6.4

-7.1

-8.5

-9.4

-9.5

-9.8

-9.8

-10.4

-10.6

5

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

2
3
4
5

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

521.7

618.5

642.3

703.6

824.5

881.6

837.6

848.0

908.9

894.1

916.5

1

35.5
28.2
23.1

37.2
23.1
23.2

38.3
30.5
30.6

43.5
31.5
42.9

58.5
47.5
91.1

57.0
39.9
111.7

56.0
40.0
110.4

55.1
37.5
110.6

53.5
37.1
124.2

45.5
40.8
122.9

41.0
39.7
118.0

2
3
4

434.9

535.0

542.8

585.7

627.4

673.0

631.3

644.9

694.1

685.0

717.7

5

83

Z.1, September 16, 2002

L.203 Net Interbank Transactions
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total liabilities

2
3
4

Monetary authority
Depository institution reserves
Vault cash

5
6

Commercial banking
To monetary authority

7

To banks in foreign countries, net

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

240.8

219.4

189.4

202.4

221.2

156.7

158.7

166.5

187.7

157.6

117.3

1

69.7
24.5
45.2

75.8
30.8
45.0

68.4
26.3
42.1

90.6
24.0
66.6

63.4
19.0
44.4

53.8
17.8
36.0

55.8
18.6
37.2

61.6
24.9
36.7

64.8
17.5
47.3

57.3
22.4
34.9

59.0
22.3
36.7

2
3
4

171.1
4.4

143.5
2.8

121.0
1.7

111.8
-0.0

157.8
1.0

102.8
0.2

102.8
-0.2

104.9
-0.5

122.9
0.0

100.3
-0.5

58.3
-0.0

5
6

177.3

173.0

145.9

140.3

161.1

101.5

99.2

100.8

111.8

78.9

40.3

7

8
9
10
11

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

192.9
48.5
126.8
78.4

188.8
62.0
173.1
111.1

156.7
85.1
196.7
111.6

149.8
133.5
226.7
93.2

171.6
179.3
302.0
122.7

110.7
141.8
269.5
127.6

109.4
160.1
281.3
121.2

110.9
129.6
285.1
155.5

123.6
163.5
319.7
156.2

95.3
131.6
280.1
148.5

63.5
141.0
295.5
154.5

8
9
10
11

12
13
14

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

167.1
110.4
-56.6

148.6
99.7
-48.8

92.9
133.0
40.1

41.7
147.9
106.2

-14.8
133.6
148.4

-33.8
162.8
196.6

-56.4
132.6
189.1

-33.5
143.2
176.7

-50.3
161.5
211.8

-58.9
154.0
212.9

-97.1
153.9
251.0

12
13
14

15
16
17

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

-22.6
2.7
25.3

-21.9
3.0
24.9

-21.3
2.9
24.2

-25.4
8.3
33.8

7.1
39.3
32.2

2.7
40.1
37.3

5.8
48.8
43.0

14.8
57.1
42.3

10.4
51.4
41.0

22.6
64.2
41.6

19.5
59.4
39.8

15
16
17

15.6
10.6
5.0

15.8
11.7
4.1

10.8
10.6
0.2

9.5
9.4
0.2

10.5
9.8
0.7

9.2
9.0
0.2

10.2
9.4
0.7

10.1
9.3
0.8

11.8
11.1
0.7

16.4
16.0
0.4

23.2
22.8
0.4

18
19
20

-10.6

-32.2

-26.5

-28.5

-4.3

1.1

3.8

4.5

11.1

21.8

18.0

21

-41.8
38.3
48.4
0.5
-10.6

-50.2
22.0
53.8
0.3
-32.2

-50.9
30.2
55.8
0.9
-26.5

-67.3
44.4
72.2
0.6
-28.5

-33.0
59.4
63.1
0.6
-4.3

-20.9
65.5
63.7
0.7
1.1

-26.2
50.7
45.5
1.4
3.8

-16.2
59.1
53.7
0.9
4.5

-17.8
59.6
47.9
0.7
11.1

0.0
78.2
55.3
1.1
21.8

-3.3
69.5
50.1
1.4
18.0

22
23
24
25
26

64.9
15.2

57.6
14.6

56.3
24.8

78.9
32.8

86.0
6.4

80.6
5.8

86.1
-9.2

86.1
-10.8

89.5
-12.0

100.9
-22.7

91.9
-19.0

27
28

18
19
20
21
22
23
24
25
26

27
28

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

29
30
31

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

16.5
64.9
48.4

3.8
57.6
53.8

0.4
56.3
55.8

6.7
78.9
72.2

22.9
86.0
63.1

16.9
80.6
63.7

40.6
86.1
45.5

32.4
86.1
53.7

41.6
89.5
47.9

45.6
100.9
55.3

41.7
91.9
50.1

29
30
31

32
33
34

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

14.7
15.2
0.5

14.3
14.6
0.3

23.9
24.8
0.9

32.1
32.8
0.6

5.8
6.4
0.6

5.2
5.8
0.7

-10.6
-9.2
1.4

-11.8
-10.8
0.9

-12.7
-12.0
0.7

-23.8
-22.7
1.1

-20.4
-19.0
1.4

32
33
34

251.4

251.6

215.9

230.8

225.5

155.5

154.8

162.0

176.7

135.8

99.3

35

177.3

173.0

145.9

140.3

161.1

101.5

99.2

100.8

111.8

78.9

40.3

36

74.1

78.6

70.0

90.6

64.4

54.0

55.6

61.1

64.8

56.9

58.9

37

4.4
4.3
0.1

2.8
0.7
2.0

1.7
1.6
0.0

-0.0
-0.2
0.2

1.0
0.9
0.1

0.2
0.2
0.0

-0.2
-0.4
0.2

-0.5
-0.5
0.1

0.0
-0.0
0.0

-0.5
-0.5
0.0

-0.0
-0.2
0.2

38
39
40

67.5
22.3
45.2

74.1
29.1
45.0

66.5
24.4
42.1

85.9
19.3
66.6

61.8
17.4
44.4

52.1
16.1
36.0

53.5
16.3
37.2

58.9
22.2
36.7

62.5
15.2
47.3

55.0
20.1
34.9

56.6
19.9
36.7

41
42
43

35

Total assets

36

Rest of the world

37

Domestic

38
39
40

Monetary authority
Federal Reserve float
Loans to member banks

41
42
43

Commercial banking
Reserves at Federal Reserve
Vault cash

44
45

Savings insts.: Reserves at Fed. Res.
Discrepancy--floats, etc.

2.3

1.8

1.9

4.7

1.7

1.7

2.3

2.7

2.3

2.3

2.4

44

-10.6

-32.2

-26.5

-28.5

-4.3

1.1

3.8

4.5

11.1

21.8

18.0

45

84

Z.1, September 16, 2002

L.204 Checkable Deposits and Currency
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

1244.8

1286.1

1333.3

1484.5

1413.1

1404.9

1448.4

1485.1

1601.4

1567.2

1640.5

1

2
3
4
5

Monetary authority
Federal government cash and deposits
Deposits due to foreign
Currency outside banks

413.6
8.0
0.2
405.5

443.5
5.7
0.5
437.4

481.8
6.2
0.2
475.4

590.4
28.5
0.1
561.8

555.2
5.6
0.3
549.3

556.1
6.1
0.1
549.9

567.3
7.6
0.1
559.5

586.3
10.2
0.6
575.4

603.1
7.1
0.1
596.0

613.3
6.1
0.3
606.9

629.7
8.5
0.1
621.0

2
3
4
5

6
7
8
9

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

676.3
28.7
26.9
620.7

656.4
27.8
31.7
597.0

622.9
13.2
30.2
579.6

626.4
49.6
43.6
533.2

540.9
16.4
33.9
490.6

515.0
21.7
34.8
458.5

535.0
36.5
33.7
464.8

539.8
34.4
36.1
469.3

627.1
45.7
34.5
546.9

565.1
51.6
37.2
476.4

607.6
106.3
35.4
465.8

6
7
8
9

Savings institutions
Credit unions

122.4
32.5

149.5
36.6

185.6
43.0

222.3
45.4

265.8
51.3

278.6
55.2

291.9
54.2

303.4
55.6

316.5
54.7

328.4
60.5

343.0
60.2

10
11

10
11
12

Total liabilities

1997

1244.8

1286.1

1333.3

1484.5

1413.1

1404.9

1448.4

1485.1

1601.4

1567.2

1640.5

12

13

Total assets
Household sector

470.6

436.8

409.5

348.3

324.9

313.2

302.6

282.4

349.1

333.1

329.9

13

14
15
16
17

Nonfinancial business
Corporate
Nonfarm noncorporate
Farm

385.0
244.3
124.0
16.7

415.1
251.9
146.2
16.9

484.1
287.1
178.3
18.6

565.5
326.0
220.3
19.2

594.2
334.6
240.3
19.4

578.4
314.9
244.0
19.5

585.2
317.7
248.0
19.6

610.4
338.8
251.9
19.7

617.8
342.2
255.9
19.8

596.0
316.5
259.8
19.6

601.4
318.3
263.8
19.4

14
15
16
17

18
19

State and local governments
Federal government

27.8
38.3

32.2
41.6

28.3
23.2

32.2
87.9

33.2
24.3

31.1
30.7

30.2
49.0

29.6
50.6

38.2
66.9

37.1
25.2

39.9
53.5

18
19

20
21
22

Rest of the world
Checkable deposits
Currency

213.7
27.1
186.6

243.6
32.2
211.4

258.4
30.4
228.0

298.3
43.7
254.6

289.9
34.2
255.7

293.0
34.9
258.0

294.6
33.8
260.8

305.8
36.8
269.0

314.1
34.6
279.5

321.5
37.4
284.0

326.8
35.6
291.2

20
21
22

23

Financial sectors

80.9

98.7

110.5

139.8

124.9

140.3

166.2

193.1

200.8

195.6

196.2

23

1.4
14.2
7.5
0.8

1.4
15.2
8.1
0.8

2.0
18.4
9.1
0.3

2.2
17.4
26.4
0.3

1.7
19.0
12.2
0.3

1.9
18.9
15.0
0.3

1.7
20.4
18.1
0.2

2.5
20.3
25.0
0.2

2.8
21.0
19.8
0.2

1.7
21.0
20.0
0.2

2.7
20.4
19.8
0.2

24
25
26
27

4.3
3.9
5.4
7.5

8.1
4.2
6.6
5.3

5.4
4.0
5.7
10.0

5.5
4.3
6.6
9.2

5.0
3.7
7.1
9.1

17.8
10.6
6.8
7.2

24.3
11.8
6.8
11.9

29.9
13.6
6.5
11.7

36.8
13.1
6.1
9.5

35.1
17.0
6.2
9.9

34.6
17.1
6.4
10.0

28
29
30
31

-1.1
0.7
18.5
2.2
15.7

1.5
1.9
20.6
3.3
21.7

-1.0
4.4
22.8
4.1
25.4

-2.2
11.8
25.3
4.4
28.7

2.2
2.1
27.9
4.3
30.3

-3.9
2.0
28.6
4.1
31.0

-2.8
2.7
29.3
4.7
37.1

-9.6
3.9
30.0
5.2
53.8

4.6
3.9
30.8
5.2
47.1

0.8
3.7
31.5
5.6
43.0

-3.9
5.4
32.3
5.8
45.4

32
33
34
35
36

28.5

18.1

19.3

12.5

21.7

18.3

20.6

13.3

14.5

58.7

92.8

37

24
25
26
27

Commercial banking
Savings institutions
Credit unions
Bank personal trusts and estates

28
29
30
31

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

32
33
34
35
36

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

37

Mail float

85

Z.1, September 16, 2002

L.205 Time and Savings Deposits
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2

Total liabilities
Small time and savings deposits

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

2967.9

3187.5

3431.7

3607.9

3912.9

4039.6

4079.6

4141.7

4248.7

4408.4

4445.8

1

2377.0

2474.1

2626.5

2671.5

2860.3

2962.6

2992.3

3047.5

3127.5

3229.5

3257.1

2

1613.2
1594.2
8.7
10.4

1761.5
1738.0
13.1
10.4

1945.2
1924.4
9.4
11.4

2017.1
1997.4
7.5
12.2

2228.7
2208.0
7.2
13.6

2309.5
2288.5
7.6
13.4

2342.4
2314.4
13.4
14.5

2395.8
2371.6
9.0
15.2

2478.1
2448.3
11.6
18.1

2560.6
2533.4
8.5
18.7

2609.8
2580.6
9.7
19.5

3
4
5
6

3
4
5
6

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

7
8

Savings institutions
Credit unions

512.5
251.2

448.2
264.4

393.8
287.5

354.6
299.8

318.8
312.7

318.3
334.8

307.2
342.8

298.1
353.7

288.1
361.3

289.7
379.2

262.6
384.7

7
8

9

Large time deposits (1)

590.9

713.4

805.3

936.4

1052.6

1077.0

1087.3

1094.2

1121.1

1178.9

1188.7

9

493.1
306.1
176.6
10.4

601.0
369.3
221.3
10.4

673.1
404.1
257.6
11.4

792.6
465.7
314.8
12.2

885.4
553.6
318.2
13.6

899.2
548.2
337.5
13.4

901.5
551.7
335.3
14.5

894.5
552.2
327.1
15.2

918.1
528.4
371.5
18.1

960.7
524.2
417.7
18.7

967.6
528.9
419.1
19.5

10
11
12
13

86.4
11.4

98.1
14.4

113.7
18.5

122.2
21.6

142.1
25.1

152.2
25.6

156.4
29.3

167.6
32.0

168.9
34.1

183.2
35.0

182.9
38.2

14
15

2967.9

3187.5

3431.7

3607.9

3912.9

4039.6

4079.6

4141.7

4248.7

4408.4

4445.8

16

2434.0

2565.9

2732.4

2788.0

3050.0

3139.7

3179.5

3226.1

3250.6

3384.4

3422.7

17

174.7
99.7
75.0

205.1
119.4
85.7

207.4
112.6
94.8

277.4
159.4
118.0

318.7
176.7
142.0

324.3
176.6
147.6

327.6
175.3
152.3

333.9
175.8
158.1

366.2
203.8
162.3

365.3
201.6
163.7

362.4
197.7
164.6

18
19
20

72.6
2.4
60.6

78.4
3.4
73.6

91.1
4.7
86.6

102.1
5.4
101.6

111.5
6.3
107.4

109.7
8.4
97.2

107.1
9.9
97.8

108.5
11.7
95.9

119.2
10.5
92.9

133.0
15.2
93.6

125.2
9.9
99.1

21
22
23

223.7

261.1

309.5

333.5

319.0

360.4

357.6

365.7

409.3

417.0

426.7

24

1.4
16.4
9.0

1.0
17.0
10.0

1.5
23.4
7.8

1.3
16.6
8.7

1.4
17.1
9.4

1.7
20.9
9.5

2.4
19.0
9.6

2.3
18.7
9.7

2.2
25.5
9.7

2.8
26.0
9.8

2.7
28.2
9.8

25
26
27

111.9
2.3
82.7

119.4
2.4
111.3

147.7
2.0
127.0

144.7
1.7
160.4

147.6
1.1
142.4

148.6
0.8
178.8

150.3
1.1
175.2

151.5
0.8
182.7

151.8
0.6
219.5

151.6
1.2
225.5

152.9
2.0
231.0

28
29
30

10
11
12
13

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

14
15

Savings institutions
Credit unions

16

Total assets

17

Household sector

18
19
20

Nonfinancial business
Corporate
Nonfarm noncorporate

21
22
23

State and local governments
Federal government
Rest of the world

24

Financial sectors

25
26
27

Savings institutions
Credit unions
Bank personal trusts and estates

28
29
30

Private pension funds
State and local govt. retirement funds
Money market mutual funds

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

L.206 Money Market Mutual Fund Shares
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

886.7

1042.5

1329.7

1578.8

1812.1

1994.7

2014.7

2116.1

2240.7

2202.6

2150.3

1

2
3
4

Total assets
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

500.7
67.6
19.2

582.3
87.8
22.9

747.1
114.3
32.6

873.2
137.3
41.0

1006.4
177.7
50.5

1105.6
210.3
53.6

1054.0
238.4
55.2

1130.2
246.3
56.9

1174.3
275.0
60.2

1166.7
268.3
59.5

1101.1
272.3
60.5

2
3
4

5
6
7
8

Bank personal trusts and estates
Life insurance companies
Private pension funds
Funding corporations

41.4
61.9
48.4
147.5

37.4
92.8
61.4
157.9

46.2
110.4
63.4
215.8

53.7
133.8
75.1
264.7

57.4
142.3
79.6
298.2

58.2
154.7
77.2
335.1

59.2
166.7
74.9
366.1

60.2
172.7
71.9
377.8

61.2
185.3
69.0
415.7

59.7
173.3
69.7
405.5

58.5
175.9
70.4
411.7

5
6
7
8

86

Z.1, September 16, 2002

L.207 Federal Funds and Security Repurchase Agreements
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

701.5

822.4

913.8

1083.6

1196.8

1187.4

1206.6

1255.2

1233.6

1220.9

1274.9

1

2
3
4
5

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

463.2
408.2
55.1
-0.2

552.2
471.7
80.7
-0.2

639.2
538.4
100.4
0.4

750.0
667.0
82.5
0.5

816.1
682.4
134.8
-1.1

820.1
678.9
140.6
0.6

787.7
670.4
116.6
0.7

780.1
672.0
107.2
0.9

788.3
665.6
123.9
-1.2

726.4
629.3
96.1
1.0

735.4
613.1
121.3
1.0

2
3
4
5

6
7
8

Savings institutions
REITs
Brokers and dealers (net)

43.7
13.7
180.9

41.8
24.9
203.5

51.3
15.1
208.2

72.7
15.7
245.2

66.7
11.9
302.2

67.1
13.1
287.1

69.6
15.1
334.2

54.6
16.9
403.6

72.4
19.7
353.2

78.1
25.4
391.0

69.6
29.3
440.5

6
7
8

591.7

649.5

683.1

817.2

811.9

846.0

830.4

855.0

887.3

863.5

890.3

9

9

Total liabilities

1997

Total assets

10
11
12

Nonfinancial corporate business
State and local governments
Rest of the world

3.9
147.8
70.9

4.6
151.4
90.8

4.2
158.5
72.0

5.8
163.5
79.9

8.2
173.3
91.3

7.4
170.5
129.5

7.6
164.8
126.5

7.5
155.0
111.1

8.0
154.9
150.7

7.7
145.4
126.8

10.0
152.9
157.9

10
11
12

13
14
15
16

Financial sectors
Monetary authority
Savings institutions
Credit unions

369.2
21.6
10.0
1.4

402.7
23.8
9.2
3.5

448.4
30.4
14.8
6.8

568.0
140.6
10.6
9.3

539.1
43.4
14.9
4.0

538.6
22.0
21.7
10.8

531.5
23.3
22.0
8.3

581.4
47.9
25.8
7.9

573.7
50.3
27.4
2.5

583.6
29.5
31.2
7.3

569.5
32.0
24.9
5.0

13
14
15
16

17
18
19
20
21
22

Other insurance companies
Private pension funds
State and local govt. retirement funds
Money market mutual funds
Mutual funds
Government-sponsored enterprises

35.4
26.7
28.2
103.8
47.5
94.5

35.2
27.6
28.6
126.6
57.8
90.4

42.7
28.8
37.5
139.5
70.9
77.0

28.3
28.6
40.4
139.6
80.8
89.7

38.3
29.6
44.7
183.0
106.4
74.9

27.8
28.7
42.5
206.2
88.4
90.5

26.6
30.6
46.8
208.2
84.6
81.0

31.6
31.0
46.1
221.5
77.6
91.9

30.2
30.4
45.3
227.0
74.8
85.9

28.2
29.4
45.4
235.9
85.8
91.0

28.3
30.9
44.0
246.9
79.5
78.1

17
18
19
20
21
22

109.8

172.9

230.6

266.4

385.0

341.4

376.2

400.2

346.3

357.5

384.5

23

23

Discrepancy--unallocated assets

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

803.0

979.4

1172.6

1402.4

1610.0

1546.8

1477.9

1417.8

1445.6

1382.0

1325.5

1

779.4

958.5

1161.0

1393.8

1602.1

1539.0

1471.1

1412.7

1440.9

1377.6

1320.6

2

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

156.4
67.5
18.7
48.8

168.6
65.1
20.0
45.0

193.0
72.9
18.5
54.4

230.3
89.2
26.7
62.5

278.4
120.9
37.6
83.3

253.2
112.8
27.9
84.9

223.3
110.1
20.5
89.6

201.3
106.3
17.2
89.1

190.1
106.7
14.3
92.4

167.5
123.6
17.4
106.2

148.4
130.2
21.3
108.9

3
4
5
6

7
8
9
10
11
12

Financial business
Commercial banking
ABS issuers
Finance companies
REITs
Funding corporations

555.5
32.0
146.7
178.0
0.0
198.8

724.8
37.6
256.1
202.6
0.0
228.5

895.2
45.4
381.8
233.3
0.2
234.4

1074.3
54.5
520.8
230.4
0.1
268.5

1202.7
55.7
641.8
238.8
0.2
266.2

1173.0
63.4
653.3
180.9
0.1
275.4

1137.7
62.7
670.3
181.6
0.0
223.1

1105.1
62.4
691.3
171.0
1.1
179.4

1144.1
50.6
745.3
158.6
0.8
188.8

1086.4
56.5
731.4
137.0
1.1
160.5

1041.9
43.4
714.0
129.4
1.6
153.6

7
8
9
10
11
12

13

Bankers acceptances (1)

23.6

20.9

11.5

8.6

7.9

7.8

6.8

5.1

4.8

4.5

4.9

13

803.0

979.4

1172.6

1402.4

1610.0

1546.8

1477.9

1417.8

1445.6

1382.0

1325.5

14

2
3
4
5
6

14

Total outstanding, all types
Commercial paper

Holdings, by sector

15
16
17
18

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

54.7
31.5
59.7
57.9

56.1
36.1
74.0
77.8

63.7
39.4
102.0
115.3

67.7
47.6
108.9
102.3

72.7
61.4
116.5
111.9

67.2
53.2
110.0
110.5

62.7
54.7
100.7
112.8

58.9
54.5
90.7
111.9

53.3
56.4
90.0
118.1

44.8
51.7
79.0
122.9

37.9
54.9
75.1
134.1

15
16
17
18

19
20
21
22
23

Monetary authority
Commercial banking (1)
Savings institutions
Credit unions
Bank personal trusts and estates

0.0
6.5
0.3
0.3
21.1

0.0
2.7
0.0
0.2
21.0

0.0
1.1
0.0
0.4
16.5

0.0
1.4
0.0
1.9
17.1

0.0
1.5
0.0
1.2
17.7

0.0
0.6
0.0
1.1
16.7

0.0
0.0
0.0
1.6
15.8

0.0
0.0
0.0
1.3
14.9

0.0
0.0
0.0
2.4
13.7

0.0
0.0
0.0
2.3
12.6

0.0
0.0
0.0
2.8
11.3

19
20
21
22
23

24
25
26

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

48.4
30.1
28.2

65.9
31.3
28.6

73.4
34.3
37.5

75.8
37.5
40.4

71.2
35.8
44.7

60.4
32.6
42.5

58.9
35.2
46.8

65.5
38.8
46.1

59.3
37.5
45.3

66.1
36.0
45.4

69.1
44.0
44.0

24
25
26

27
28
29
30
31

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

273.9
47.2
35.1
23.7
84.5

336.0
57.8
34.0
24.3
133.6

414.2
70.9
60.9
28.0
114.7

519.0
80.8
33.8
26.0
242.3

608.6
106.4
44.7
39.2
276.5

642.5
88.4
39.2
44.6
237.4

638.1
80.9
44.8
44.8
180.2

647.2
77.6
45.9
50.8
113.5

638.9
74.8
80.3
48.2
127.5

620.2
81.6
49.2
47.6
122.4

595.4
61.1
59.4
49.4
87.1

27
28
29
30
31

(1) Excludes banks’ holdings of own acceptances.

87

Z.1, September 16, 2002

L.209 Treasury Securities
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

3755.1

3778.3

3723.7

3652.7

3357.8

3382.0

3224.3

3293.0

3352.7

3404.0

3405.9

1

187.0
3568.1

186.5
3591.8

186.6
3537.0

186.4
3466.2

184.8
3173.0

184.8
3197.2

185.5
3038.9

186.4
3106.6

190.3
3162.4

191.9
3212.1

192.7
3213.2

2
3

3755.1

3778.3

3723.7

3652.7

3357.8

3382.0

3224.3

3293.0

3352.7

3404.0

3405.9

4

Household sector
Savings bonds
Other Treasury issues

871.5
187.0
684.5

772.5
186.5
586.0

734.2
186.6
547.6

843.3
186.4
656.8

642.1
184.8
457.4

619.3
184.8
434.6

523.7
185.5
338.3

537.4
186.4
351.0

571.3
190.3
380.9

582.5
191.9
390.6

511.0
192.7
318.3

5
6
7

8
9
10

Nonfinancial corporate business
Nonfarm noncorporate business
State and local governments

47.1
28.6
257.0

26.8
32.2
239.3

23.6
38.0
269.3

19.4
37.1
266.8

17.8
31.9
236.2

18.5
31.8
239.0

19.6
30.5
246.5

19.4
30.6
248.9

21.3
30.4
256.5

24.6
30.6
261.2

27.7
31.1
270.0

8
9
10

11
12

Rest of the world
Monetary authority

1047.3
390.9

1165.7
430.7

1185.0
452.1

1080.4
478.0

1026.1
511.7

1020.4
523.9

984.9
535.1

985.2
534.1

1039.5
551.7

1031.6
575.4

1048.2
590.7

11
12

13
14
15
16
17

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

261.8
173.0
80.7
4.0
4.1

270.1
166.8
95.1
4.0
4.2

214.1
124.8
84.8
0.9
3.6

228.9
122.8
94.5
8.8
2.8

184.5
87.9
94.0
0.8
1.8

172.0
72.2
97.9
0.8
1.2

174.0
69.9
102.2
0.9
1.0

176.1
65.3
108.6
0.8
1.4

162.7
56.5
103.8
1.2
1.2

165.9
68.6
94.1
1.3
2.0

183.9
75.4
105.7
1.7
1.1

13
14
15
16
17

18
19
20

Savings institutions
Credit unions
Bank personal trusts and estates

17.4
17.4
25.7

14.6
15.6
20.4

10.2
13.1
17.3

10.1
9.6
17.3

8.7
8.2
16.5

8.0
8.0
16.2

7.5
6.6
15.8

6.6
6.4
15.4

11.4
7.4
14.9

14.1
7.6
14.4

12.6
7.9
13.8

18
19
20

21
22
23
24

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

93.2
120.9
139.4
203.5

85.5
91.1
143.5
216.9

71.3
70.4
112.5
217.7

62.8
60.6
109.8
211.2

58.1
52.1
108.4
195.7

57.2
51.9
105.7
195.3

56.2
51.9
105.9
204.4

55.2
51.6
103.2
187.7

53.7
52.0
104.2
177.4

55.0
53.4
106.3
187.0

56.0
54.1
107.5
190.0

21
22
23
24

25
26
27
28
29

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

90.2
125.8
11.4
18.8
-12.8

86.2
136.4
10.2
25.9
-5.3

103.6
141.0
9.3
25.2
15.8

103.8
117.3
8.0
30.9
-42.6

90.4
123.7
7.7
41.2
-3.3

96.3
118.7
7.3
31.5
61.1

93.4
118.2
6.8
41.7
1.6

111.9
112.3
6.4
37.2
67.4

135.7
115.1
6.0
31.8
9.8

137.8
120.0
5.5
32.7
-1.7

123.3
123.4
5.1
33.7
15.9

25
26
27
28
29

3781.7

3804.8

3752.2

3681.0

3385.1

3408.8

3251.4

3320.0

3379.5

3430.3

3432.7

30

2
3
4
5
6
7

Total liabilities

1997

Savings bonds
Other Treasury issues
Total assets

Memo:
30

Federal government debt (1)

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

88

Z.1, September 16, 2002

L.210 Agency Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2
3
4
5

Total liabilities
Budget agencies
Government-sponsored enterprises
Federally related mortgage pools

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

2634.8

2847.6

3320.5

3912.2

4344.8

4449.7

4618.6

4823.1

4970.9

5143.4

5268.2

1

26.6
896.9
1711.3

26.5
995.3
1825.8

28.5
1273.6
2018.4

28.3
1591.7
2292.2

27.3
1825.8
2491.6

26.8
1888.7
2534.2

27.0
1955.8
2635.7

27.0
2037.4
2758.8

26.8
2114.0
2830.1

26.3
2161.8
2955.3

26.8
2199.6
3041.8

2
3
4

2634.8

2847.6

3320.5

3912.2

4344.8

4449.7

4618.6

4823.1

4970.9

5143.4

5268.2

5

Household sector
Nonfinancial corporate business
State and local governments

192.1
28.5
116.2

213.7
8.0
115.4

231.6
10.6
179.0

351.6
12.4
190.0

383.6
15.1
203.5

268.9
16.4
212.9

268.9
18.1
223.6

297.4
18.7
231.8

272.8
22.2
233.3

262.2
25.7
235.3

252.6
31.4
238.6

6
7
8

9
10
11

Federal government
Rest of the world
Monetary authority

0.0
175.1
2.2

0.0
209.4
0.7

0.0
227.8
0.3

0.0
300.2
0.2

0.0
445.2
0.1

0.0
474.0
0.0

0.0
497.6
0.0

0.0
516.8
0.0

0.0
554.9
0.0

0.0
564.9
0.0

0.0
603.8
0.0

9
10
11

12
13
14
15
16

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

495.7
436.7
49.7
4.9
4.3

571.2
497.2
62.2
5.5
6.3

663.2
578.9
67.4
6.6
10.2

699.6
608.3
72.4
5.4
13.5

721.8
626.5
72.7
4.8
17.8

715.3
618.1
75.3
5.4
16.4

700.2
621.7
56.9
5.1
16.5

735.7
657.6
56.3
5.0
16.8

777.4
700.2
50.7
6.2
20.3

808.3
725.1
51.7
10.2
21.3

862.3
772.7
55.3
11.5
22.8

12
13
14
15
16

17
18
19

Savings institutions
Credit unions
Bank personal trusts and estates

156.1
50.7
45.6

155.3
51.0
40.8

143.7
58.4
39.4

147.1
61.3
45.2

140.4
60.9
49.8

145.3
68.4
50.6

150.7
66.3
51.6

148.9
74.1
52.2

161.4
80.6
52.8

173.6
90.7
53.3

167.3
93.7
53.6

17
18
19

20
21
22
23

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

244.1
51.0
203.7
104.9

226.7
70.8
211.4
123.3

217.0
69.7
194.8
142.4

224.4
75.5
208.8
165.3

235.4
84.1
225.2
202.8

240.4
86.3
232.4
196.0

245.1
86.3
236.1
210.4

250.5
90.8
235.1
190.0

253.5
94.2
236.9
188.3

262.4
96.0
238.4
185.5

268.2
97.3
236.1
186.0

20
21
22
23

24
25
26

Money market mutual funds
Mutual funds
Government-sponsored enterprises

101.8
204.4
257.6

96.3
213.3
326.5

173.8
234.9
489.6

190.9
271.1
668.3

185.2
275.3
813.3

248.3
294.1
874.4

267.9
328.1
913.2

317.1
351.7
963.7

318.4
360.5
998.7

311.8
376.0
1077.3

290.1
386.5
1084.5

24
25
26

27
28
29

ABS issuers
REITs
Brokers and dealers

137.8
12.2
55.2

142.3
21.2
50.4

180.2
13.1
50.9

220.4
14.2
66.0

224.7
14.5
63.7

236.9
13.9
75.3

240.6
17.4
96.3

249.9
18.3
80.4

267.0
20.3
77.8

284.5
25.9
71.8

297.2
29.3
90.0

27
28
29

6
7
8

Total assets

1997

(1) Agency securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as FNMA and FHLB;
and federally related mortgage-backed securities issued by GNMA, FNMA, FHLMC, 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 30.

89

Z.1, September 16, 2002

L.211 Municipal Securities and Loans
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total liabilities

2
3
4

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

5
6

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

7

Total assets

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

1296.0

1367.5

1464.3

1532.5

1567.8

1597.5

1629.8

1635.3

1685.4

1707.5

1759.5

1

1053.3
39.1
1014.1

1110.6
47.5
1063.1

1189.7
41.2
1148.5

1242.4
44.8
1197.6

1270.6
47.9
1222.7

1298.7
53.7
1244.9

1328.9
55.7
1273.3

1331.7
64.9
1266.8

1373.6
68.5
1305.1

1393.8
68.2
1325.6

1441.8
72.2
1369.7

2
3
4

104.9
137.9

114.9
142.0

126.9
147.8

137.3
152.8

143.0
154.2

144.2
154.7

145.3
155.6

147.5
156.2

154.3
157.4

156.4
157.3

159.6
158.1

5
6

1296.0

1367.5

1464.3

1532.5

1567.8

1597.5

1629.8

1635.3

1685.4

1707.5

1759.5

7

8
9
10
11

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business
State and local governments

433.2
31.0
2.6
4.6

468.8
27.4
3.2
3.9

486.9
25.7
2.8
2.5

524.8
25.0
2.6
1.0

549.0
22.9
3.5
1.6

567.8
16.1
3.7
2.1

591.5
12.9
3.8
2.0

580.0
13.4
3.8
2.1

596.7
16.1
3.9
1.9

628.2
15.1
3.9
1.7

670.2
16.6
4.0
1.4

8
9
10
11

12
13
14

Commercial banking
Savings institutions
Bank personal trusts and estates

94.2
2.1
104.0

96.7
2.1
90.7

104.8
2.5
89.5

110.8
3.0
100.3

114.1
3.2
105.0

112.5
3.8
105.8

116.2
4.0
106.3

118.1
4.1
106.7

120.2
4.5
106.8

118.7
4.6
106.8

118.4
4.8
106.7

12
13
14

15
16
17

Life insurance companies
Other insurance companies
State and local govt. retirement funds

13.4
175.4
0.6

16.7
191.6
1.5

18.4
208.1
3.3

20.1
199.0
3.0

19.1
184.1
1.6

19.1
181.0
1.8

19.0
181.0
1.6

19.0
174.8
0.5

18.7
173.8
1.4

20.3
176.5
0.4

20.8
178.9
0.5

15
16
17

18
19
20
21
22

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

144.5
213.3
60.8
5.6
10.8

167.0
219.8
60.0
5.2
13.2

193.0
242.6
61.8
9.2
13.1

210.4
239.4
70.5
10.6
11.9

244.7
230.5
68.4
8.8
11.3

255.5
236.0
69.6
9.9
12.7

254.9
240.2
70.8
12.0
13.7

267.1
245.8
71.9
12.1
16.0

281.0
253.4
73.1
14.8
19.0

274.2
257.8
74.2
11.4
13.6

269.3
265.0
75.4
10.3
17.4

18
19
20
21
22

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

L.212 Corporate and Foreign Bonds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total liabilities

3209.4

3607.2

4170.9

4633.1

5045.8

5260.7

5423.0

5532.9

5699.2

5850.5

6017.6

1

2
3

Nonfinancial corporate business
Rest of the world (1)

1460.4
366.3

1610.9
427.7

1829.6
462.6

2059.5
476.7

2230.6
500.6

2330.4
505.9

2435.3
502.0

2482.3
481.0

2563.2
488.4

2621.6
487.9

2673.4
477.6

2
3

4
5
6

Financial sectors
Commercial banking
Savings institutions

1382.7
168.9
2.7

1568.6
192.6
2.8

1878.7
220.2
2.6

2096.9
240.6
2.7

2314.7
273.2
6.3

2424.3
293.1
2.8

2485.7
295.3
6.4

2569.6
302.1
6.1

2647.6
310.2
3.6

2741.0
304.8
3.5

2866.7
313.8
2.9

4
5
6

7
8
9
10
11

ABS issuers
Finance companies
REITs
Brokers and dealers
Funding corporations

716.6
336.8
16.8
27.3
113.6

820.5
341.5
31.6
35.3
144.2

1016.2
365.6
53.4
42.5
178.2

1100.6
429.9
62.2
25.3
235.5

1187.7
502.2
67.0
40.9
237.5

1240.8
533.8
70.0
35.0
248.9

1274.0
542.1
68.6
43.9
255.5

1335.8
555.8
68.6
47.1
254.2

1393.6
567.4
70.8
42.3
259.7

1466.7
574.4
71.1
38.4
282.1

1553.9
598.4
75.6
42.8
279.2

7
8
9
10
11

12

3209.4

3607.2

4170.9

4633.1

5045.8

5260.7

5423.0

5532.9

5699.2

5850.5

6017.6

12

13
14
15

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

511.0
49.7
433.2

567.8
51.0
501.6

676.7
61.2
607.8

722.2
71.3
752.1

720.9
75.0
920.6

792.7
77.9
986.5

792.6
79.7
1052.7

756.9
83.4
1086.4

763.8
84.4
1126.3

770.3
88.2
1171.7

817.7
91.5
1233.1

13
14
15

16
17
18

Commercial banking
Savings institutions
Bank personal trusts and estates

112.3
68.6
31.9

143.1
58.7
31.1

180.9
88.6
28.5

220.5
111.9
39.8

278.6
109.4
48.0

292.5
95.9
50.5

321.7
93.2
53.6

340.4
88.1
56.1

376.4
83.9
59.1

373.7
83.3
61.8

360.9
82.9
64.7

16
17
18

19
20
21
22

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

949.3
141.6
244.9
211.4

1046.0
159.5
278.7
244.5

1130.4
171.1
300.3
279.6

1173.2
181.1
301.9
310.0

1222.2
187.5
320.7
339.7

1254.6
189.1
324.3
330.6

1285.4
189.1
328.6
321.6

1320.9
192.4
331.1
341.0

1342.4
196.4
330.5
351.1

1385.5
199.9
334.8
361.6

1419.1
202.6
337.0
359.0

19
20
21
22

23
24
25

Money market mutual funds
Mutual funds
Closed-end funds

23.9
229.5
28.6

36.4
273.8
28.2

81.2
339.0
32.7

123.7
368.2
32.6

161.9
361.9
30.3

161.6
376.8
29.1

159.9
392.8
28.0

154.7
400.8
26.8

163.0
420.0
25.7

152.4
441.3
24.5

141.3
459.3
23.4

23
24
25

26
27
28
29

Government-sponsored enterprises
REITs
Brokers and dealers
Funding corporations

41.8
4.3
90.9
36.5

47.1
6.5
100.0
33.1

67.8
6.1
81.4
37.6

91.5
5.7
93.4
33.8

117.2
5.3
112.7
33.9

123.6
7.4
124.0
43.6

133.7
5.2
132.0
53.3

132.3
5.9
151.6
64.2

132.7
7.4
161.3
74.8

139.2
7.7
168.2
86.3

134.0
8.9
184.3
98.0

26
27
28
29

(1) Holdings of foreign issues by U.S. residents.
(2) Holdings of U.S. issues by foreign residents.

90

Z.1, September 16, 2002

L.213 Corporate Equities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

10281.6

13301.7

15577.3

19581.2

17611.9

15323.0

16254.3

13645.0

15209.3

15228.5

13339.3

1

2

Nonfinancial corporate business

7644.4

9774.6

11606.7

15191.1

12684.1

10883.2

11579.4

9563.4

10746.6

10663.3

8962.7

2

3
4

Rest of the world (2)
Financial corporations

1002.9
1634.3

1207.8
2319.3

1476.2
2494.5

2026.6
2363.4

1832.4
3095.3

1609.1
2830.7

1652.0
3022.9

1416.8
2664.7

1564.7
2898.0

1565.2
3000.1

1539.7
2836.9

3
4

10281.6

13301.7

15577.3

19581.2

17611.9

15323.0

16254.3

13645.0

15209.3

15228.5

13339.3

5

4880.0
46.8
672.4

6269.1
79.0
952.9

7098.3
102.0
1250.3

9122.7
115.0
1611.5

7484.5
115.1
1625.5

6268.4
111.1
1509.3

6654.6
121.1
1601.1

5430.7
111.3
1398.6

6076.6
126.3
1533.8

5911.9
131.8
1585.2

5035.0
123.8
1418.3

6
7
8

6.8
17.8
248.9

2.6
23.3
321.0

6.8
24.5
314.0

11.3
23.8
338.3

11.9
24.2
280.0

8.4
24.6
239.8

9.6
25.6
251.9

7.2
27.1
206.2

8.9
27.9
225.9

8.5
28.3
223.6

5.0
28.6
190.8

9
10
11

5
6
7
8

Issues at market value

1997

Holdings at market value
Household sector
State and local governments
Rest of the world (3)

9
10
11

Commercial banking
Savings institutions
Bank personal trusts and estates

12
13
14
15

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

414.1
148.6
1463.9
828.5

558.6
186.0
1696.4
1084.8

733.2
200.1
1990.7
1233.9

964.5
207.9
2325.7
1343.2

940.8
194.3
2195.1
1335.1

849.9
172.2
1953.6
1224.1

906.0
179.9
2038.2
1255.1

793.3
164.5
1748.7
1113.8

855.2
173.9
1925.8
1221.9

870.4
176.2
1961.6
1244.8

810.3
167.9
1720.5
1110.7

12
13
14
15

16
17
18
19

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

1470.0
43.6
2.4
37.9

2018.7
50.7
6.7
51.9

2506.2
47.3
15.6
54.4

3376.7
39.9
33.9
66.9

3226.9
35.5
65.6
77.2

2786.7
30.5
66.0
78.3

3013.6
32.2
75.6
89.8

2486.2
26.4
64.3
66.6

2836.1
29.0
83.0
85.1

2883.1
28.7
88.2
86.2

2532.8
24.4
89.0
82.2

16
17
18
19

9039.4

11795.9

13777.0

17194.8

15394.9

13358.4

14215.2

11899.1

13264.7

13275.6

11431.2

20

Memo:
20

Market value of domestic corporations (4)

(1) Excludes mutual fund shares shown on table L.214.
(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).
(3) Holdings of U.S. issues by foreign residents.
(4) Sum of lines 2 and 4 less the sum of lines 9, 13, 17, 18, and 19; line 1 excludes intercorporate holdings of nonfinancial corporations.

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

Shares at market value

2342.4

2989.4

3613.1

4538.5

4434.6

3990.4

4259.5

3753.1

4135.5

4246.9

3908.8

1

2

Holdings at market value

2342.4

2989.4

3613.1

4538.5

4434.6

3990.4

4259.5

3753.1

4135.5

4246.9

3908.8

2

3
4
5

Household sector
Nonfinancial corporate business
State and local governments

1495.4
59.9
41.0

1941.2
69.1
33.6

2401.3
95.5
21.3

3111.5
128.9
25.6

3093.1
129.2
26.4

2802.8
111.8
28.8

3004.7
117.9
30.7

2673.4
97.7
30.5

2955.2
107.8
31.5

3038.6
106.6
30.5

2839.6
90.5
29.9

3
4
5

6
7
8

Commercial banking
Credit unions
Bank personal trusts and estates

2.6
2.6
293.2

8.1
2.4
326.9

9.1
3.6
390.8

12.4
2.5
460.6

15.0
2.2
387.0

17.0
2.0
333.4

17.3
3.6
352.2

16.0
3.1
290.3

21.3
3.7
320.0

22.3
3.0
318.3

18.2
4.0
285.7

6
7
8

Life insurance companies
Private pension funds

35.3
412.3

38.4
569.6

23.3
668.2

43.3
753.8

48.1
733.6

42.6
652.1

46.1
687.0

39.1
602.9

44.3
651.5

45.1
682.4

41.5
599.4

9
10

9
10

91

Z.1, September 16, 2002

L.215 Bank Loans Not Elsewhere Classified
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

1

Total loans by commercial
banking, flow of funds basis

2821.1

3052.9

3304.6

3505.1

3874.8

3905.6

3895.5

3892.5

3944.4

3918.7

3987.5

1

2
3
4
5

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

6.5
1145.4
526.8
100.8

2.7
1245.3
512.6
122.5

1.1
1337.0
508.9
142.8

1.4
1495.4
499.8
124.8

1.5
1660.1
541.5
175.2

0.6
1687.7
533.7
191.5

0.0
1722.4
540.2
172.7

0.0
1736.6
536.2
167.1

0.0
1789.8
558.0
175.2

0.0
1800.3
550.7
158.5

0.0
1875.4
557.3
174.6

2
3
4
5

6

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

1041.7

1169.8

1314.8

1383.8

1496.6

1492.1

1460.2

1452.6

1421.4

1409.1

1380.2

6

759.8
264.8
2.5
14.6

867.9
284.0
2.4
15.5

1012.0
282.4
4.1
16.3

1104.3
260.0
2.6
16.9

1202.4
274.6
1.6
18.0

1194.9
276.4
2.7
18.1

1180.2
258.9
2.7
18.4

1173.1
258.3
2.6
18.6

1140.9
256.1
1.9
22.5

1118.9
265.9
2.1
22.2

1100.6
255.2
2.1
22.4

7
8
9
10

7
8
9
10

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

11

+ Loans from Federal Reserve banks

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

11

12

= Total bank loans n.e.c.

1041.7

1169.8

1314.8

1383.8

1496.6

1492.1

1460.2

1452.6

1421.4

1409.1

1380.2

12

13

Total liabilities

1041.7

1169.8

1314.8

1383.8

1496.6

1492.1

1460.2

1452.6

1421.4

1409.1

1380.2

13

977.7

1092.5

1207.3

1290.6

1403.6

1394.8

1359.9

1352.4

1314.6

1304.1

1266.7

14

58.0
642.1
193.6
40.4

66.5
692.7
237.3
43.9

72.6
764.7
266.3
45.1

65.6
825.5
296.2
44.2

72.3
887.9
326.0
46.9

60.6
883.8
331.2
45.0

58.2
856.4
331.2
47.9

65.7
838.3
333.8
47.3

55.5
816.5
332.5
46.9

52.9
806.8
333.5
44.2

47.5
772.0
328.2
46.8

15
16
17
18

43.7
2.9
14.3
26.5

52.1
2.1
13.8
36.3

58.7
2.8
13.1
42.8

59.2
3.0
9.9
46.4

70.5
3.5
13.2
53.8

74.1
3.6
16.4
54.1

66.2
3.3
9.1
53.8

67.3
4.2
9.4
53.7

63.2
4.3
5.9
53.1

66.7
4.2
6.1
56.5

72.2
4.8
9.7
57.8

19
20
21
22

64.0

77.3

107.5

93.2

93.0

97.3

100.4

100.2

106.8

105.1

113.5

23

15.9
19.7
20.6
7.8

19.4
24.2
16.0
17.6

29.7
26.5
17.7
33.6

14.0
35.4
17.8
26.0

21.5
35.9
17.9
17.7

22.6
41.6
18.1
15.0

21.6
45.3
18.2
15.2

23.4
44.5
18.5
14.0

23.0
50.8
18.6
14.4

22.9
49.4
18.8
14.0

24.0
56.9
19.0
13.7

24
25
26
27

14

Nonfinancial sectors

15
16
17
18

Households
Corporate business
Nonfarm noncorporate business
Farm business

19
20
21
22

Rest of the world
Foreign official institutions
Foreign banks
Other foreign

23
24
25
26
27

Financial sectors
Savings institutions
Finance companies
Mortgage companies
REITs

92

Z.1, September 16, 2002

L.216 Other Loans and Advances
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

1

Total other loans and advances

993.2

1086.5

1253.0

1412.0

1565.7

1581.6

1609.0

1631.1

1616.0

1607.6

1625.4

1

2
3
4
5
6
7
8
9

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

148.9
30.4
8.7
39.1
5.9
10.1
54.7
0.0

158.7
41.8
8.4
40.9
5.5
8.9
53.2
0.0

173.2
52.4
8.3
44.8
5.1
10.1
52.4
0.0

179.3
65.0
8.0
43.9
4.9
9.7
47.8
0.0

187.5
76.2
7.6
42.8
5.0
8.7
47.2
0.0

189.2
78.8
7.6
42.2
5.0
8.8
46.7
0.0

191.7
81.8
7.3
41.6
5.1
8.9
46.9
0.0

193.3
84.6
7.7
40.6
5.1
8.9
46.5
0.0

194.6
87.7
7.4
39.6
5.0
8.9
46.0
0.0

195.8
90.3
7.0
39.1
4.9
9.0
45.4
0.0

198.3
93.5
7.2
38.5
4.8
9.1
45.1
0.0

2
3
4
5
6
7
8
9

10
11

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

126.0
126.0

143.3
143.3

142.3
142.3

119.5
119.5

117.3
117.3

114.8
114.8

118.9
118.9

137.2
137.2

115.7
115.7

109.5
109.5

119.9
119.9

10
11

12
13
14

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

23.4
13.4
9.9

20.6
10.8
9.7

11.3
6.6
4.7

8.2
4.4
3.9

7.5
4.3
3.1

7.4
6.6
0.8

6.6
5.8
0.8

4.8
4.3
0.6

4.6
4.1
0.5

4.5
3.9
0.6

4.8
4.4
0.5

12
13
14

15
16
17

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

15.7
7.9
7.9

18.8
9.4
9.4

24.2
12.1
12.1

30.6
15.3
15.3

39.3
19.7
19.7

41.4
20.7
20.7

43.8
21.9
21.9

43.6
21.8
21.8

42.9
21.5
21.5

44.5
22.2
22.2

42.1
21.1
21.1

15
16
17

18
19
20

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

101.4
1.0
100.5

104.6
1.0
103.7

104.7
0.9
103.8

100.0
0.9
99.0

102.8
0.9
101.9

103.8
0.9
102.9

104.0
0.9
103.0

105.3
0.9
104.4

105.0
0.9
104.1

105.3
0.9
104.4

105.4
0.9
104.4

18
19
20

21
22
23
24
25
26
27
28

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

229.1
34.6
15.1
16.5
39.0
121.9
0.4
1.6

260.3
30.2
15.1
16.5
58.1
138.0
0.6
1.8

352.6
29.0
17.8
17.1
104.9
180.1
1.1
2.5

466.2
34.5
17.9
17.9
145.6
243.7
3.4
3.2

514.6
37.4
19.4
19.5
172.4
260.0
3.4
2.5

527.9
38.0
19.4
19.6
176.1
269.7
3.2
1.9

530.1
39.2
20.9
19.2
179.0
266.4
3.5
1.9

547.2
39.7
21.4
19.0
184.4
276.1
3.8
2.8

554.7
39.8
22.3
19.5
196.6
268.5
4.9
3.1

544.7
40.3
22.1
19.9
199.0
254.2
5.5
3.7

556.5
42.5
23.4
19.8
212.3
248.4
6.0
4.0

21
22
23
24
25
26
27
28

29
30
31

Securitized loans held by ABS issuers
Liab.: Households (1)
Nonfinancial corporate business

44.0
6.3
37.7

76.2
14.1
62.1

103.8
17.9
85.9

113.0
19.4
93.6

138.3
29.9
108.4

138.1
30.5
107.6

132.3
31.0
101.3

148.4
31.2
117.2

151.5
30.7
120.8

160.3
32.5
127.8

157.6
32.2
125.4

29
30
31

32
33
34

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

304.7
274.2
30.5

304.1
273.7
30.4

340.9
306.8
34.1

395.1
355.6
39.5

458.4
412.6
45.8

459.1
413.2
45.9

481.9
433.7
48.2

451.1
406.0
45.1

447.0
402.3
44.7

443.0
398.7
44.3

440.8
396.7
44.1

32
33
34

(1) Student loans.

93

Z.1, September 16, 2002

L.217 Total Mortgages
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2
3
4
5
6

Total mortgages
Home
Multifamily residential
Commercial
Farm

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

4863.9

5201.1

5715.7

6320.1

6885.7

7010.0

7213.0

7408.7

7591.4

7756.0

7967.9

1

3720.0
287.8
769.2
86.9

3978.3
300.1
832.7
90.0

4366.0
331.6
921.6
96.6

4790.6
369.3
1057.9
102.3

5204.1
406.6
1166.3
108.9

5299.1
415.3
1185.6
110.0

5458.1
426.9
1215.1
113.0

5601.7
440.8
1251.5
114.6

5734.2
454.8
1286.0
116.3

5873.2
462.7
1302.0
118.1

6043.1
474.1
1330.5
120.2

2
3
4
5

4863.9

5201.1

5715.7

6320.1

6885.7

7010.0

7213.0

7408.7

7591.4

7756.0

7967.9

6

Household sector

3674.3

3913.2

4261.7

4642.2

5015.5

5097.7

5247.3

5382.2

5504.1

5639.0

5797.8

7

8
9
10
11

Nonfinancial business
Corporate
Nonfarm noncorporate
Farm

1157.7
227.6
843.2
86.9

1241.1
260.2
890.9
90.0

1382.4
277.2
1008.6
96.6

1601.2
345.6
1153.3
102.3

1787.3
395.5
1283.0
108.9

1831.3
403.1
1318.2
110.0

1880.6
411.3
1356.3
113.0

1941.9
432.6
1394.7
114.6

2003.1
453.7
1433.1
116.3

2031.1
452.8
1460.2
118.1

2082.5
467.5
1494.8
120.2

8
9
10
11

12
13

Federal government
REITs

0.0
31.9

0.0
46.8

0.0
71.6

0.0
76.7

0.0
82.9

0.0
81.1

0.0
85.1

0.0
84.6

0.0
84.2

0.0
85.9

0.0
87.6

12
13

4863.9

5201.1

5715.7

6320.1

6885.7

7010.0

7213.0

7408.7

7591.4

7756.0

7967.9

14

7

14

Total liabilities

1997

Total assets

15
16
17

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

109.5
54.4
20.4

109.6
80.2
18.7

110.5
67.3
26.7

110.4
41.2
24.7

111.4
31.2
27.8

111.4
30.5
28.5

111.9
29.7
29.8

112.0
29.0
30.5

112.2
28.2
31.1

112.4
27.5
31.7

112.7
26.7
32.0

15
16
17

18
19

State and local governments
Federal government

117.6
50.3

121.3
45.7

125.4
44.9

129.8
77.7

134.3
76.9

135.4
76.3

136.6
76.2

137.8
75.3

139.0
75.8

140.2
75.7

141.4
75.5

18
19

20
21
22
23

Commercial banking
Savings institutions (1)
Credit unions
Bank personal trusts and estates

1145.4
628.3
76.0
3.6

1245.3
631.8
86.0
3.0

1337.0
644.0
96.9
2.8

1495.4
668.1
111.0
2.2

1660.1
723.0
124.9
2.1

1687.7
740.5
126.7
2.0

1722.4
751.6
131.6
2.0

1736.6
758.3
139.1
2.0

1789.8
758.2
141.3
2.0

1800.3
746.0
146.0
2.0

1875.4
740.3
151.0
2.0

20
21
22
23

24
25
26
27

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

208.2
2.4
9.0
16.7

206.8
2.2
9.7
17.6

213.6
2.0
9.3
24.1

230.8
1.9
10.3
21.5

235.9
1.6
11.5
21.5

235.1
1.6
11.8
22.1

237.2
1.7
12.1
22.8

239.2
1.7
12.4
23.7

243.0
1.9
12.8
24.9

243.3
1.9
13.2
26.2

245.2
1.9
13.6
27.8

24
25
26
27

28
29
30

Government-sponsored enterprises (1)
Federally related mortgage pools
ABS issuers

244.1
1711.3
326.3

239.4
1825.8
406.2

247.1
2018.4
563.0

242.3
2292.2
656.1

267.3
2491.6
739.8

271.2
2534.2
766.4

280.7
2635.7
796.9

287.7
2758.8
824.4

301.2
2830.1
885.6

309.3
2955.3
913.9

320.6
3041.8
944.6

28
29
30

31
32
33

Finance companies
Mortgage companies
REITs

85.5
41.2
13.8

96.5
32.1
22.9

121.2
35.3
26.3

145.8
35.6
23.0

172.3
35.9
16.8

176.1
36.2
16.3

182.3
36.5
15.3

187.4
36.9
15.6

161.3
37.2
15.7

157.2
37.6
16.3

157.8
38.0
19.7

31
32
33

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

94

Z.1, September 16, 2002

L.218 Home Mortgages (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2
3
4
5

Total liabilities
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

3720.0

3978.3

4366.0

4790.6

5204.1

5299.1

5458.1

5601.7

5734.2

5873.2

6043.1

1

3577.7
7.8
134.4

3818.1
8.0
152.2

4157.2
9.4
199.4

4531.1
11.5
248.0

4901.6
13.5
289.0

4982.5
14.4
302.3

5128.3
15.0
314.7

5258.8
15.4
327.5

5379.4
15.6
339.3

5506.5
15.5
351.2

5663.1
15.7
364.3

2
3
4

3720.0

3978.3

4366.0

4790.6

5204.1

5299.1

5458.1

5601.7

5734.2

5873.2

6043.1

5

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

87.6
24.5
7.6

86.5
29.8
7.0

85.3
27.1
10.0

84.2
20.2
9.0

83.2
15.3
10.1

82.9
14.9
10.4

82.7
14.4
10.6

82.4
13.9
10.9

82.2
13.4
11.1

81.9
13.0
11.4

81.7
12.5
11.7

6
7
8

9
10

State and local governments
Federal government

62.8
21.2

65.8
19.1

69.1
18.8

72.6
18.4

76.3
17.7

77.2
17.6

78.2
17.4

79.1
17.2

80.1
17.1

81.1
16.9

82.1
16.5

9
10

11
12
13
14

Commercial banking
Savings institutions
Credit unions
Bank personal trusts and estates

677.6
513.7
76.0
3.6

745.5
520.7
86.0
3.0

797.0
533.5
96.9
2.8

879.6
548.2
111.0
2.2

965.6
594.2
124.9
2.1

977.5
607.3
126.7
2.0

997.2
616.0
131.6
2.0

987.7
620.4
139.1
2.0

1023.9
620.6
141.3
2.0

1018.5
605.2
146.0
2.0

1072.1
597.8
151.0
2.0

11
12
13
14

15
16
17

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

7.0
5.0
5.0

7.2
5.7
5.6

6.6
5.8
8.4

5.9
6.7
7.5

4.9
7.8
7.5

4.9
8.1
7.7

5.0
8.5
8.0

5.1
8.8
8.3

4.9
9.2
8.7

4.9
9.6
9.2

4.8
10.0
9.7

15
16
17

18
19
20

Government-sponsored enterprises
Federally related mortgage pools
ABS issuers

198.5
1678.8
256.2

194.3
1788.1
310.7

199.6
1970.2
405.2

189.3
2234.7
455.0

205.1
2425.6
499.8

206.3
2464.9
523.3

212.0
2561.7
539.2

215.8
2681.5
550.2

225.3
2748.5
591.2

230.2
2870.8
616.3

238.8
2955.2
637.2

18
19
20

21
22
23

Finance companies
Mortgage companies
REITs

55.0
32.0
8.0

67.5
21.8
14.0

90.0
24.9
14.8

108.2
25.2
12.4

130.6
25.4
7.9

133.8
25.8
7.8

140.1
26.0
7.6

144.8
26.4
8.0

120.1
26.7
7.9

120.4
27.1
8.7

121.8
27.4
10.7

21
22
23

338.1
153.8
52.3
25.5
51.6
55.0

416.2
174.0
55.5
29.0
90.2
67.5

476.7
176.9
55.9
29.7
124.2
90.0

532.8
189.5
59.7
33.4
141.9
108.2

630.6
235.0
72.8
40.7
151.5
130.6

645.9
235.6
73.2
41.4
161.9
133.8

670.1
245.7
76.8
42.2
165.3
140.1

690.0
252.2
78.0
45.3
169.7
144.8

699.4
258.6
77.9
44.9
197.8
120.1

727.0
268.7
78.8
44.2
214.9
120.4

759.2
289.9
79.0
47.0
221.5
121.8

24
25
26
27
28
29

6
7
8

24
25
26
27
28
29

Total assets

1997

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

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

L.219 Multifamily Residential Mortgages
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total liabilities

2
3

Nonfinancial corporate business
Nonfarm noncorporate business

4
5

Federal government
REITs

6
7
8
9

Total assets
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

287.8

300.1

331.6

369.3

406.6

415.3

426.9

440.8

454.8

462.7

474.1

1

21.7
255.6

22.5
262.1

23.5
284.4

24.7
319.2

25.9
353.2

26.2
362.4

26.5
372.2

26.9
386.0

27.3
399.7

27.7
406.6

28.1
417.1

2
3

0.0
10.5

0.0
15.4

0.0
23.6

0.0
25.3

0.0
27.4

0.0
26.7

0.0
28.1

0.0
27.9

0.0
27.8

0.0
28.3

0.0
28.9

4
5

287.8

300.1

331.6

369.3

406.6

415.3

426.9

440.8

454.8

462.7

474.1

6

1.5
0.8
6.8

1.5
1.4
6.2

1.5
1.1
8.8

1.4
0.9
8.0

1.4
0.8
9.0

1.4
0.8
9.2

1.4
0.7
10.0

1.4
0.7
10.2

1.4
0.7
10.4

1.4
0.6
10.5

1.4
0.6
10.4

7
8
9

10
11

State and local governments
Federal government

45.9
14.8

46.5
13.9

47.4
13.6

48.3
13.6

49.3
13.9

49.6
13.3

49.8
13.4

50.1
13.6

50.3
13.7

50.6
13.8

50.8
13.9

10
11

12
13

Commercial banking
Savings institutions

45.5
61.6

49.7
59.5

54.6
57.0

67.7
59.3

77.8
61.3

79.9
62.8

80.3
63.4

83.9
64.4

84.9
64.6

86.7
65.2

90.8
66.0

12
13

14
15
16

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

30.8
1.0
4.7

30.4
1.0
5.0

31.5
0.9
6.7

32.8
0.9
6.0

33.7
0.9
6.0

33.6
0.9
6.2

33.9
0.9
6.4

33.9
0.9
6.6

35.6
0.9
7.0

35.7
0.9
7.3

35.9
0.9
7.8

14
15
16

17
18
19

Government-sponsored enterprises
Federally related mortgage pools
ABS issuers

17.7
32.5
15.9

16.2
37.8
20.9

16.4
48.3
33.8

20.8
57.5
42.3

28.1
66.0
48.8

30.0
69.3
49.0

32.3
74.1
50.8

34.5
77.3
53.6

37.5
81.6
57.0

39.6
84.5
57.5

41.4
86.6
59.2

17
18
19

20
21
22

Finance companies
Mortgage companies
REITs

3.1
4.1
1.2

2.8
5.2
2.1

2.5
5.3
2.1

2.8
5.3
1.6

2.9
5.4
1.3

2.9
5.4
1.2

2.9
5.4
1.2

2.9
5.4
1.3

2.7
5.4
1.1

1.8
5.5
1.1

1.8
5.5
1.2

20
21
22

95

Z.1, September 16, 2002

L.220 Commercial Mortgages
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1
2
3
4
5
6
7
8
9

Total liabilities
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business
REITs
Total assets
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

769.2

832.7

921.6

1057.9

1166.3

1185.6

1215.1

1251.5

1286.0

1302.0

1330.5

1

96.6
198.0
453.2
21.4

95.1
229.7
476.6
31.4

104.5
244.3
524.8
48.0

111.2
309.3
586.1
51.4

113.9
356.0
640.8
55.6

115.2
362.5
653.6
54.3

118.9
369.8
669.4
57.0

123.4
390.3
681.1
56.7

124.7
410.8
694.1
56.4

132.6
409.6
702.3
57.5

134.7
423.7
713.4
58.7

2
3
4
5

769.2

832.7

921.6

1057.9

1166.3

1185.6

1215.1

1251.5

1286.0

1302.0

1330.5

6

4.4
29.1
5.3

5.1
49.1
4.9

6.0
39.1
6.9

6.8
20.1
6.4

7.3
15.1
7.2

7.5
14.9
7.3

7.6
14.6
7.5

7.8
14.4
7.7

7.9
14.1
7.8

8.1
13.9
7.9

8.3
13.6
8.0

7
8
9

7.5
8.5

7.7
7.8

7.6
7.9

7.5
41.5

7.4
41.1

7.3
41.3

7.3
41.3

7.3
40.5

7.2
41.0

7.2
41.1

7.2
41.2

10
11

10
11

State and local governments
Federal government

12
13

Commercial banking
Savings institutions

397.5
52.7

423.1
51.3

456.3
53.0

516.3
60.1

582.6
67.0

596.0
69.8

609.8
71.7

629.6
73.0

645.6
72.5

659.2
75.1

675.5
76.0

12
13

14
15
16
17

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

160.3
2.4
3.0
7.0

158.8
2.2
3.0
7.0

164.0
2.0
2.6
8.9

179.0
1.9
2.7
8.0

183.8
1.6
2.7
8.0

183.1
1.6
2.7
8.2

184.7
1.7
2.7
8.4

186.5
1.7
2.7
8.8

188.4
1.9
2.7
9.2

188.6
1.9
2.7
9.7

190.5
1.9
2.7
10.3

14
15
16
17

18
19
20
21
22

Federally related mortgage pools
ABS issuers
Finance companies
Mortgage companies
REITs

0.0
54.2
27.5
5.1
4.6

0.0
74.6
26.2
5.1
6.9

0.0
124.0
28.7
5.1
9.4

0.0
158.8
34.8
5.1
9.0

0.0
191.2
38.8
5.1
7.6

0.0
194.1
39.4
5.1
7.4

0.0
206.9
39.3
5.1
6.5

0.0
220.6
39.6
5.1
6.4

0.0
237.4
38.5
5.1
6.6

0.0
240.1
34.9
5.1
6.5

0.0
248.3
34.3
5.1
7.8

18
19
20
21
22

L.221 Farm Mortgages
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total liabilities (Farm business)

86.9

90.0

96.6

102.3

108.9

110.0

113.0

114.6

116.3

118.1

120.2

1

2

Total assets

86.9

90.0

96.6

102.3

108.9

110.0

113.0

114.6

116.3

118.1

120.2

2

15.9
0.7

16.5
0.6

17.7
1.0

17.9
1.3

19.4
1.6

19.6
1.6

20.1
1.6

20.4
1.7

20.7
1.8

20.9
1.8

21.3
1.9

3
4

1.4
5.8

1.4
4.9

1.4
4.5

1.4
4.3

1.4
4.1

1.4
4.1

1.4
4.1

1.4
4.0

1.4
4.0

1.4
3.9

1.4
3.8

5
6

3
4

Household sector
Nonfarm noncorporate business

5
6

State and local governments
Federal government

7
8

Commercial banking
Savings institutions

24.9
0.3

27.0
0.4

29.0
0.4

31.8
0.5

34.0
0.5

34.3
0.6

35.1
0.6

35.4
0.6

35.5
0.5

36.0
0.5

37.0
0.6

7
8

9
10

Life insurance companies
State and local govt. retirement funds

10.1
0.0

10.5
0.0

11.5
0.0

13.0
0.0

13.6
0.0

13.5
0.0

13.7
0.0

13.8
0.0

14.1
0.0

14.1
0.0

13.9
0.0

9
10

11
12

Government-sponsored enterprises
Federally related mortgage pools

27.9
0.0

28.9
0.0

31.0
0.0

32.2
0.0

34.2
0.0

34.9
0.0

36.4
0.0

37.4
0.0

38.5
0.0

39.5
0.0

40.4
0.0

11
12

96

Z.1, September 16, 2002

L.222 Consumer Credit
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

1

Total liabilities (Households)

1214.1

1271.6

1346.6

1446.1

1593.1

1585.3

1608.1

1630.5

1703.3

1676.7

1706.2

1

2

Total assets

1214.1

1271.6

1346.6

1446.1

1593.1

1585.3

1608.1

1630.5

1703.3

1676.7

1706.2

2

77.7
0.0

78.9
0.0

74.9
0.0

80.3
0.0

82.7
0.0

71.4
0.0

68.0
0.0

60.1
0.0

67.9
0.0

58.1
0.0

53.0
0.0

3
4

3
4

Nonfinancial corporate business
Nonfarm noncorporate business

5
6
7

Commercial banking
Savings institutions
Credit unions

526.8
44.7
144.1

512.6
47.2
152.4

508.9
51.6
155.4

499.8
61.5
167.9

541.5
64.6
184.4

533.7
65.5
182.8

540.2
65.3
186.4

536.2
68.5
187.3

558.0
69.1
189.6

550.7
68.6
186.5

557.3
66.0
189.7

5
6
7

8
9

ABS issuers
Finance companies

265.8
154.9

313.1
167.5

372.4
183.3

435.1
201.5

500.1
219.8

519.2
212.8

533.9
214.3

557.3
220.9

582.2
236.6

580.6
232.3

604.2
236.0

8
9

L.223 Trade Credit
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

1827.6

1967.4

2073.8

2342.4

2512.6

2536.4

2498.4

2502.4

2493.4

2526.0

2532.9

1

2

Household sector

109.1

118.0

126.8

130.9

138.6

140.4

141.5

143.2

144.7

146.4

148.1

2

3
4
5

Nonfinancial corporate business
Nonfarm noncorporate business
Farm business

927.0
116.8
17.4

992.1
147.8
18.8

1049.7
169.5
19.6

1228.2
210.2
20.0

1340.7
245.2
20.9

1339.5
251.0
20.3

1284.1
258.4
21.5

1282.2
261.6
21.2

1259.8
265.2
21.0

1286.6
269.6
19.7

1289.1
272.7
20.8

3
4
5

6
7

State and local governments
Federal government

517.6
81.8

549.0
72.9

579.5
65.0

608.6
64.7

635.9
45.5

642.1
60.9

648.4
59.3

654.8
59.3

661.1
54.5

667.6
54.6

673.6
55.5

6
7

8
9

Rest of the world
Brokers and dealers

43.6
14.3

48.8
19.9

44.9
18.9

49.1
30.9

49.9
35.9

46.9
35.3

51.9
33.3

44.0
36.1

47.8
39.2

45.2
36.3

42.6
30.5

8
9

1662.9

1839.3

1988.9

2250.7

2394.9

2451.8

2434.7

2453.7

2359.3

2438.2

2496.1

10

1273.1
169.8

1366.6
204.9

1452.9
233.8

1653.4
276.4

1716.4
318.7

1757.4
322.5

1727.6
325.2

1729.8
328.4

1630.0
333.8

1689.6
340.0

1729.1
344.8

11
12

10

Total trade payables

Total trade receivables

11
12

Nonfinancial corporate business
Nonfarm noncorporate business

13
14

Federal government
Rest of the world

24.0
58.1

20.8
59.0

22.3
52.5

22.9
47.5

28.1
47.0

31.7
45.7

33.8
45.2

37.6
45.2

35.4
44.3

36.6
46.4

37.0
49.2

13
14

15
16

Other insurance companies
ABS issuers

57.2
80.7

59.9
128.1

61.5
165.9

63.6
187.0

64.6
220.0

67.6
227.0

69.8
233.0

72.7
240.0

69.9
245.9

73.4
252.3

77.9
258.1

15
16

164.7

128.1

84.8

91.7

117.7

84.6

63.8

48.7

134.0

87.8

36.9

17

17

Discrepancy

L.224 Security Credit
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total liabilities

2
3

Household sector
Rest of the world

4
5
6
7

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

8

Total assets

358.1

469.1

572.2

676.6

822.7

799.3

781.5

912.1

825.9

774.8

730.6

1

94.4
0.0

131.2
0.0

152.8
0.0

227.9
0.0

235.1
0.0

195.8
0.0

196.0
0.0

254.9
0.0

196.4
0.0

190.4
0.0

166.5
0.0

2
3

263.7
162.9
60.2
40.6

337.9
215.5
64.4
58.0

419.5
276.7
76.3
66.5

448.7
323.9
67.6
57.2

587.6
412.4
74.7
100.5

603.5
412.0
82.2
109.3

585.6
412.9
83.8
88.9

657.3
490.2
92.6
74.4

629.5
454.3
81.9
93.3

584.4
425.8
80.7
77.9

564.1
389.5
84.9
89.7

4
5
6
7

358.1

469.1

572.2

676.6

822.7

799.3

781.5

912.1

825.9

774.8

730.6

8

9
10

Household sector
Rest of the world

162.9
0.0

215.5
0.0

276.7
0.0

323.9
0.0

412.4
0.0

412.0
0.0

412.9
0.0

490.2
0.0

454.3
0.0

425.8
0.0

389.5
0.0

9
10

11
12

Commercial banking
Brokers and dealers

100.8
94.4

122.5
131.2

142.8
152.8

124.8
227.9

175.2
235.1

191.5
195.8

172.7
196.0

167.1
254.9

175.2
196.4

158.5
190.4

174.6
166.5

11
12

97

Z.1, September 16, 2002

L.225 Life Insurance and Pension Fund Reserves
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

Life insurance reserves:
1

Total liabilities

610.6

665.0

718.3

783.9

819.1

823.0

840.3

844.0

880.0

904.2

914.5

1

2
3

Federal government
Life insurance companies

30.5
580.1

32.3
632.7

33.6
684.7

35.0
748.9

36.4
782.7

36.6
786.5

37.1
803.1

37.2
806.8

37.8
842.2

37.7
866.4

38.7
875.8

2
3

4

Total assets (Households)

610.6

665.0

718.3

783.9

819.1

823.0

840.3

844.0

880.0

904.2

914.5

4

6325.1

7323.4

8208.4

9065.3

9069.0

8584.0

8862.6

8281.0

8694.0

8817.8

8348.6

5

561.4
953.9

601.7
1086.1

642.9
1248.1

684.0
1431.0

704.9
1456.1

713.3
1412.3

724.9
1481.4

738.2
1413.4

765.8
1465.3

753.7
1486.6

762.6
1456.1

6
7

3295.2
1514.6

3793.6
1842.0

4231.9
2085.4

4687.9
2262.3

4576.4
2331.5

4245.6
2212.8

4382.1
2274.2

4005.8
2123.6

4236.5
2226.4

4321.2
2256.3

4003.8
2126.2

8
9

6325.1

7323.4

8208.4

9065.3

9069.0

8584.0

8862.6

8281.0

8694.0

8817.8

8348.6

10

Pension fund reserves:
5

Total liabilities

6
7

Federal government (1)
Life insurance companies

8
9

Private pension funds (2)
State and local govt. retirement funds

10

Total assets (Households) (3)

(1) Includes civil service retirement and disability fund, Railroad Retirement Board, military retirement fund, judicial retirement funds, and foreign service retirement and disability fund.
(2) Includes unallocated insurance company contracts beginning 1985:Q4.
(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total taxes payable by all businesses

128.8

151.1

170.7

193.9

215.6

223.3

222.5

251.4

229.9

241.3

252.8

1

2
3

Nonfinancial corporate business
Nonfarm noncorporate business

49.9
42.5

59.2
49.8

64.1
58.7

71.0
68.0

78.0
75.5

82.9
77.5

77.6
80.0

103.1
81.1

78.1
82.3

85.4
84.3

93.5
85.7

2
3

4
5

U.S.-chartered commercial banks
Savings institutions

4.0
1.4

5.4
1.8

7.1
2.0

9.0
2.0

11.1
2.5

11.7
2.3

12.3
2.0

12.9
2.0

13.5
1.7

14.1
1.5

14.8
1.5

4
5

6
7

Life insurance companies
Other insurance companies

12.5
11.6

13.7
13.4

14.9
15.4

16.2
17.4

17.8
19.7

18.2
20.3

18.7
21.0

19.2
21.7

19.7
22.4

20.3
23.2

20.9
23.9

6
7

8
9

Finance companies
Brokers and dealers

5.7
1.3

6.5
1.3

7.3
1.3

8.1
2.2

9.1
2.1

9.3
1.2

9.6
1.3

9.9
1.4

10.2
1.9

10.6
1.9

10.9
1.6

8
9

46.8

46.9

49.5

72.0

87.9

111.5

90.7

102.8

129.9

149.0

102.2

10

26.1
20.7

26.9
20.0

28.1
21.4

33.5
38.5

45.6
42.4

49.1
62.3

50.8
39.9

51.4
51.4

50.1
79.8

49.5
99.5

51.6
50.6

11
12

81.9

104.2

121.2

121.9

127.7

111.9

131.7

148.6

100.0

92.3

150.6

13

10
11
12
13

Total business taxes receivable
State and local governments
Federal government
Discrepancy

L.227 Investment in Bank Personal Trusts and Estates
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Liab.: Bank personal trusts and estates

871.3

942.5

1001.0

1130.4

1019.4

929.1

964.4

859.6

912.0

907.8

842.0

1

2

Asset: Household sector

871.3

942.5

1001.0

1130.4

1019.4

929.1

964.4

859.6

912.0

907.8

842.0

2

98

Z.1, September 16, 2002

L.229 Total Miscellaneous Financial Claims
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

1998

1999

2000

2001

2002

Q1

Q2

Q3

Q4

Q1

Q2

6388.0

6733.2

7633.8

8489.4

9387.4

9838.8

10118.2

10496.0

10083.1

10106.0

10346.8

1

2
3
4

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

18.3
2309.5
245.5

18.6
2195.5
301.3

17.2
2569.7
393.0

19.4
2898.0
466.6

19.6
3138.8
533.1

18.7
3206.4
543.2

18.5
3268.8
551.3

19.3
3310.8
561.2

19.1
3373.2
568.4

19.4
3383.1
574.9

19.2
3421.4
580.1

2
3
4

5
6

Federal government
Rest of the world

7.3
1155.6

6.6
1237.9

6.7
1389.8

6.6
1628.4

6.4
1796.5

6.5
2156.9

6.4
2227.3

6.4
2460.0

6.2
1919.9

6.3
1950.7

6.2
2020.8

5
6

7
8
9
10

Monetary authority
Commercial banking
Savings institutions
Credit unions

7.4
863.0
103.5
4.6

9.5
1023.7
101.4
4.6

10.7
1115.2
99.9
5.2

9.4
1077.4
85.2
6.0

10.6
1257.8
102.3
5.6

8.8
1220.3
108.2
3.5

8.2
1244.2
119.9
6.0

8.0
1355.1
122.1
5.5

7.7
1258.4
121.4
3.8

8.0
1204.6
122.6
5.2

8.6
1327.0
117.0
4.4

7
8
9
10

11
12

Life insurance companies
Other insurance companies

567.5
509.9

625.4
522.3

649.5
527.7

683.5
534.6

683.8
543.3

683.3
548.5

689.4
553.4

697.1
571.9

704.4
569.3

742.1
578.5

747.6
591.7

11
12

13
14
15

Government-sponsored enterprises
Finance companies
Mortgage companies

67.2
202.0
20.6

75.1
206.0
16.0

95.3
223.8
17.7

89.3
290.7
17.8

96.7
373.5
17.9

119.7
393.7
18.1

118.5
388.8
18.3

131.9
379.9
18.5

133.1
392.6
18.6

130.8
384.5
18.8

127.1
388.1
19.0

13
14
15

16
17
18

REITs
Brokers and dealers
Funding corporations

9.2
110.1
186.9

18.0
131.1
240.1

31.6
176.4
304.3

36.0
180.5
459.8

37.8
181.7
582.0

42.6
174.5
586.0

37.8
259.8
601.7

37.9
236.7
573.7

37.9
317.0
632.1

38.6
303.3
634.6

38.3
287.9
642.6

16
17
18

7524.3

8109.8

9589.9

10936.3

12394.1

12779.3

12999.6

13234.3

13290.5

13282.8

13582.5

19

301.4
3410.8
203.5
44.4

311.7
3628.7
259.9
44.8

321.4
4477.5
382.1
45.4

334.2
5425.6
473.9
45.6

338.9
6003.5
551.2
45.5

339.6
6007.8
569.8
45.6

346.1
6093.4
594.1
46.3

356.4
6101.2
611.5
46.9

354.9
6245.2
626.5
47.0

360.4
6258.8
640.7
47.6

371.3
6237.7
654.3
48.8

20
21
22
23

19

Total liabilities

1997

Total assets

20
21
22
23

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business
Farm business

24
25
26

State and local governments
Federal government
Rest of the world

41.0
110.2
949.7

27.0
104.8
936.7

11.5
101.3
1055.6

18.1
100.4
1166.6

24.0
99.0
1572.8

32.4
98.9
1918.0

31.1
99.1
1873.5

44.5
99.6
1994.2

24.7
100.3
1758.0

15.4
101.3
1733.5

39.5
101.4
1939.2

24
25
26

27
28
29
30
31

Monetary authority
Commercial banking
Savings institutions
Credit unions
Bank personal trusts and estates

11.2
823.7
52.9
13.7
16.0

13.2
934.0
49.7
17.6
14.6

16.1
1065.2
62.8
24.3
23.0

16.8
1097.7
60.2
8.0
20.5

19.3
1196.9
67.8
25.9
19.0

19.3
1220.8
85.0
30.8
18.7

20.2
1265.6
85.2
39.3
18.6

20.4
1337.2
91.2
33.3
18.3

20.3
1349.6
87.0
32.8
18.1

21.2
1333.4
98.0
43.5
17.8

21.0
1377.5
92.6
40.2
17.5

27
28
29
30
31

32
33
34
35

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

73.7
33.6
555.5
62.8

65.7
42.8
590.9
63.5

69.2
47.0
622.2
66.1

34.9
53.0
627.7
81.0

55.6
55.8
621.3
93.5

68.5
56.4
609.7
106.4

50.6
57.3
613.4
106.9

46.0
57.7
608.8
116.2

28.1
57.5
615.3
113.8

47.7
59.2
625.9
101.2

39.8
61.6
618.4
103.7

32
33
34
35

36
37
38

Money market mutual funds
Mutual funds
Government-sponsored enterprises

43.8
4.7
61.5

58.1
11.8
68.8

67.7
7.7
70.1

90.4
4.2
75.5

102.5
3.5
85.2

97.7
1.3
84.2

109.4
1.0
83.6

113.0
1.1
97.9

128.6
0.8
96.8

121.0
1.2
89.8

138.9
1.2
103.3

36
37
38

39
40
41
42

Finance companies
REITs
Brokers and dealers
Funding corporations

153.1
5.6
320.7
230.7

175.1
10.5
391.8
288.0

184.4
21.2
499.3
348.7

235.3
21.1
522.8
423.1

259.6
21.1
655.1
477.1

263.5
21.8
588.8
494.2

237.7
23.0
723.6
480.7

246.8
22.9
717.5
451.7

280.1
21.6
821.0
462.5

259.9
21.9
820.6
463.0

271.5
21.4
802.9
478.6

39
40
41
42

-1136.3

-1376.6

-1956.1

-2447.0

-3006.7

-2940.6

-2881.4

-2738.3

-3207.4

-3176.8

-3235.6

43

43

Discrepancy

99

Z.1, September 16, 2002

L.230 Identified Miscellaneous Financial Claims - Part I
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

U.S. direct investment abroad:
1
2
3
4
5
6
7

Liab.: Rest of the world
Asset: Nonfinancial corporate business
Commercial banking
Life insurance companies
Other insurance companies
Finance companies
Brokers and dealers

989.8
866.5
42.8
6.6
33.6
27.9
12.4

1068.1
933.1
44.2
8.6
42.8
35.1
4.2

1196.2
1041.2
31.2
11.1
47.0
58.0
7.7

1377.3
1188.9
35.4
15.6
53.0
73.9
10.4

1515.3
1304.0
44.8
16.9
55.8
81.2
12.6

1541.6
1325.6
45.6
17.7
56.4
83.6
12.7

1578.3
1358.6
46.0
18.7
57.3
85.0
12.6

1621.8
1387.4
46.5
18.9
57.7
98.5
12.8

1623.1
1389.5
45.3
19.4
57.5
98.2
13.3

1654.6
1417.3
46.8
19.6
59.2
99.0
12.6

1685.8
1443.7
47.7
20.3
61.6
98.7
13.8

1
2
3
4
5
6
7

Foreign direct investment in U.S.:
8
9
10
11
12
13
14
15

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

698.4
4.0
30.3
17.6
38.5
29.7
8.8
-81.6

750.6
3.9
38.8
25.2
46.2
35.7
8.5
-84.6

811.7
3.4
46.1
27.3
47.3
37.2
10.7
-63.9

969.2
3.4
64.7
32.1
51.6
49.8
10.9
-80.9

1132.8
3.6
68.1
51.3
61.2
65.3
19.1
-26.6

1169.8
3.5
68.2
55.3
64.3
70.3
17.6
-30.0

1182.0
3.8
73.2
58.0
62.5
72.3
17.2
2.1

1180.9
3.7
74.2
59.4
64.3
67.7
17.4
18.2

1196.6
3.7
78.1
59.4
61.0
71.5
14.5
14.1

1203.1
3.9
78.3
60.1
62.7
72.8
14.4
20.4

1181.2
3.9
78.3
60.4
63.7
73.1
11.3
45.9

8
9
10
11
12
13
14
15

16

Asset: Rest of the world

745.6

824.1

919.8

1100.8

1374.8

1419.0

1471.2

1485.7

1498.9

1515.6

1517.8

16

29.2
29.2

30.8
30.8

32.4
32.4

33.9
33.9

35.4
35.4

35.9
35.9

36.4
36.4

36.7
36.7

37.1
37.1

37.5
37.5

37.9
37.9

17
18

4.6
4.6

5.4
5.4

6.0
6.0

6.4
6.4

7.0
7.0

7.0
7.0

7.1
7.1

7.3
7.3

7.4
7.4

7.6
7.6

8.3
8.3

19
20

21.3

21.9

25.3

30.8

33.0

28.0

30.7

24.9

28.5

31.0

27.1

21

1.6
1.7
1.5
0.0
6.7
9.5
0.2
0.2

0.5
1.7
1.5
0.0
8.0
9.9
0.2
0.2

-0.2
1.6
1.7
0.0
10.0
11.8
0.3
0.2

-0.8
1.6
1.6
0.0
13.0
14.5
0.5
0.3

-0.8
1.6
1.6
0.0
13.8
15.7
0.6
0.4

-6.5
1.6
1.6
0.0
14.1
16.2
0.7
0.3

-4.2
1.5
1.7
0.0
14.2
16.5
0.7
0.2

-10.8
1.5
1.7
0.0
14.4
16.9
0.8
0.3

-8.1
1.5
1.7
0.0
15.2
17.0
0.9
0.3

-6.3
1.5
1.7
0.0
15.7
17.0
1.0
0.3

-10.4
1.5
1.8
0.0
16.9
15.9
1.1
0.4

22
23
24
25
26
27
28
29

Federal government equity in IBRD, etc.:
17
18

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

19
20

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

21

Liab.: Government-sponsored enterprises

22
23
24
25
26
27
28
29

Asset: Nonfin. corporate business (FNMA)
Nonfarm noncorporate (BC)
Farm business (FICB and FLB)
Federal government
Commercial banks (FHLB)
Savings institutions (FHLB)
Credit unions (FHLB)
Life insurance companies (FHLB)
BHC investment in subsidiaries:

30
31
32
33
34

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

372.9
4.7
27.3
20.6
12.3

413.6
5.0
23.5
16.0
45.3

469.0
5.4
17.1
17.7
93.8

471.9
6.0
43.9
17.8
83.6

525.4
6.6
51.3
17.9
113.9

541.8
6.8
48.6
18.1
153.8

552.2
7.0
46.7
18.3
165.0

577.8
7.2
45.9
18.5
169.8

586.1
7.4
49.6
18.6
143.9

593.8
7.6
41.3
18.8
155.2

609.9
7.8
41.2
19.0
150.4

30
31
32
33
34

35

Asset: Bank holding companies

437.8

503.5

603.0

623.1

715.1

769.2

789.2

819.1

805.6

816.7

828.2

35

27.3
27.3

23.5
23.5

17.1
17.1

43.9
43.9

51.3
51.3

48.6
48.6

46.7
46.7

45.9
45.9

49.6
49.6

41.3
41.3

41.1
41.1

36
37

NFC inv. in finance company subs.:
36
37

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

38
39

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

64.5
166.3

78.8
209.2

90.6
258.2

93.0
330.1

138.7
338.4

142.3
351.9

137.3
343.5

113.5
338.2

107.9
354.7

103.2
359.8

124.3
354.3

38
39

40

Asset: Funding corporations

230.7

288.0

348.7

423.1

477.1

494.2

480.7

451.7

462.5

463.0

478.6

40

100

Z.1, September 16, 2002

L.231 Identified Miscellaneous Financial Claims - Part II
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

Nonofficial foreign currencies:
1
2

Liab.: Rest of the world
Asset: Federal government

2.2
2.2

2.1
2.1

2.0
2.0

2.6
2.6

2.6
2.6

2.5
2.5

2.6
2.6

2.6
2.6

2.6
2.6

2.6
2.6

2.5
2.5

1
2

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

3
4

18.0
18.0

18.0
18.0

24.9
24.9

17.1
17.1

17.0
17.0

29.9
29.9

26.1
26.1

29.3
29.3

25.7
25.7

28.4
28.4

26.3
26.3

5
6

18.3
18.3

18.6
18.6

17.2
17.2

19.4
19.4

19.6
19.6

18.7
18.7

18.5
18.5

19.3
19.3

19.1
19.1

19.4
19.4

19.2
19.2

7
8

Postal Savings System deposits:
3
4

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

5
6

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

7
8

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

9
10
11

Liab.: Life insurance companies
Health
Policy dividend accumulation

103.9
69.4
34.5

112.2
75.7
36.4

120.1
83.0
37.1

131.9
93.5
38.4

136.8
97.4
39.5

136.8
96.8
40.0

140.4
99.5
40.9

142.7
101.4
41.3

141.0
100.5
40.4

143.3
102.2
41.0

149.1
106.9
42.2

9
10
11

12

Asset: Household sector

103.9

112.2

120.1

131.9

136.8

136.8

140.4

142.7

141.0

143.3

149.1

12

Policy payables:
13

Liab.: Other insurance companies

471.4

476.2

480.4

482.9

482.1

484.2

490.9

507.7

508.2

515.8

528.0

13

14
15
16
17

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

197.5
186.2
44.8
42.9

199.5
188.1
45.2
43.3

201.3
189.8
45.6
43.7

202.3
190.8
45.9
43.9

202.0
190.4
45.8
43.9

202.9
191.3
46.0
44.1

205.7
193.9
46.6
44.7

213.7
200.5
48.2
45.2

214.0
200.8
48.3
45.3

217.1
203.8
49.0
45.9

222.2
208.6
50.2
47.1

14
15
16
17

361.1
361.1

381.9
381.9

384.6
384.6

393.5
393.5

378.4
378.4

366.0
366.0

368.4
368.4

357.8
357.8

369.0
369.0

378.1
378.1

370.5
370.5

18
19

86.4
86.4

93.5
93.5

114.9
114.9

110.1
110.1

111.3
111.3

111.7
111.7

112.0
112.0

112.3
112.3

112.6
112.6

112.9
112.9

113.3
113.3

20
21

276.1
276.1

333.3
333.3

403.3
403.3

419.5
419.5

508.2
508.2

487.8
487.8

542.4
542.4

559.4
559.4

578.3
578.3

584.1
584.1

592.2
592.2

22
23

Unallocated insurance company contracts:
18
19

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

20
21

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

22
23

Liab.: Funding corporations
Asset: Brokers and dealers

101

Z.1, September 16, 2002

L.232 Unidentified Miscellaneous Financial Claims
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1996

1

Total liabilities

1997

1998

1999

2000

2001
Q1

Q2

2002
Q3

Q4

Q1

Q2

2564.3

2531.9

2938.0

3273.1

3522.5

3857.8

3976.7

4271.8

3814.0

3754.1

3920.9

1

1524.7
241.5

1351.3
297.5

1643.1
389.6

1818.7
463.2

1894.6
529.5

1924.9
539.7

1974.8
547.5

2017.7
557.5

2064.0
564.7

2067.0
571.0

2126.9
576.2

2
3

Federal government
Rest of the world
Monetary authority

7.3
134.4
2.8

6.6
136.9
4.0

6.7
159.2
4.8

6.6
214.7
3.0

6.4
243.3
3.6

6.5
576.9
1.8

6.4
610.1
1.0

6.4
798.9
0.8

6.2
257.1
0.4

6.3
256.0
0.4

6.2
294.6
0.3

4
5
6

7
8
9
10
11

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

395.4
147.7
200.5
36.3
10.9

492.5
185.1
233.9
57.9
15.6

509.6
193.0
220.6
74.1
21.9

447.8
181.2
154.5
88.1
24.1

525.6
263.2
133.3
104.4
24.8

467.9
226.1
102.4
115.0
24.5

481.6
208.9
114.5
134.6
23.4

589.6
279.8
145.1
140.3
24.5

486.3
173.7
132.8
150.8
29.0

429.3
141.6
105.8
152.3
29.7

514.5
185.9
119.8
180.1
28.7

7
8
9
10
11

12
13
14
15

Savings institutions
Credit unions
Life insurance companies
Government-sponsored enterprises

98.8
4.6
84.9
28.0

96.4
4.6
106.2
35.1

94.5
5.2
117.5
45.2

79.2
6.0
126.1
41.4

95.7
5.6
117.3
46.7

101.4
3.5
125.2
61.7

112.9
6.0
122.6
61.7

114.9
5.5
137.2
77.7

114.0
3.8
135.0
79.0

115.0
5.2
160.7
71.4

109.2
4.4
167.6
73.7

12
13
14
15

16
17
18
19

Finance companies
REITs
Brokers and dealers
Funding corporations

117.8
9.2
-77.3
-7.6

123.2
18.0
-131.9
-8.6

152.3
31.6
-186.2
-35.1

153.1
36.0
-244.1
121.2

205.6
37.8
-289.7
100.4

226.2
42.6
-348.9
128.2

223.1
37.8
-265.9
57.2

220.5
37.9
-288.7
-3.9

221.9
37.9
-196.0
39.7

229.2
38.6
-226.1
30.2

232.8
38.3
-228.1
4.5

16
17
18
19

3700.6

3908.5

4894.1

5720.1

6529.2

6798.3

6858.1

7010.1

7021.4

6930.8

7156.5

20

2329.3
157.1
41.0

2483.5
213.0
27.0

3229.6
334.9
11.5

4002.8
426.4
18.1

4458.6
503.8
24.0

4448.9
522.2
32.4

4498.4
546.0
31.1

4478.2
561.8
44.5

4613.4
576.7
24.7

4602.7
590.1
15.4

4554.7
602.6
39.5

21
22
23

2
3

Nonfinancial corporate business
Nonfarm noncorporate business

4
5
6

20

Total assets

21
22
23

Nonfinancial corporate business
Nonfarm noncorporate business
State and local governments

24
25
26

Federal government
Rest of the world
Monetary authority

78.8
204.1
11.2

71.9
112.6
13.2

66.9
135.8
16.1

63.9
65.8
16.8

61.0
198.0
19.3

60.4
499.1
19.3

60.2
402.3
20.2

60.3
508.5
20.4

60.7
259.1
20.3

61.2
217.9
21.2

61.0
421.4
21.0

24
25
26

27
28
29
30
31

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

331.8
78.7
197.2
51.1
4.8

372.9
87.6
234.3
44.4
6.6

415.1
114.3
234.5
56.5
9.7

419.7
120.8
204.9
85.4
8.7

416.2
126.2
177.1
106.3
6.6

384.9
137.8
135.1
105.0
7.1

409.1
134.3
161.5
105.5
7.8

449.9
163.1
167.5
111.1
8.2

476.2
162.6
188.9
112.2
12.5

446.6
133.1
184.9
115.1
13.5

476.3
155.4
186.9
119.9
14.1

27
28
29
30
31

32
33
34

Savings institutions
Credit unions
Bank personal trusts and estates

25.3
13.6
16.0

21.7
17.3
14.6

26.2
24.0
23.0

28.6
7.4
20.5

35.1
25.3
19.0

38.9
30.1
18.7

42.6
38.6
18.6

44.9
32.4
18.3

44.3
31.9
18.1

52.5
42.5
17.8

50.4
39.2
17.5

32
33
34

35
36
37

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

48.7
108.0
62.8

38.3
115.4
63.5

40.7
122.7
66.1

-0.5
124.1
81.0

18.8
131.6
93.5

31.7
132.0
106.4

13.2
133.0
106.9

7.7
138.7
116.2

-10.7
133.7
113.8

8.3
134.8
101.2

-0.0
134.7
103.7

35
36
37

38
39
40

Mutual funds
Money market mutual funds
Government-sponsored enterprises

4.7
43.8
61.5

11.8
58.1
68.8

7.7
67.7
70.1

4.2
90.4
75.5

3.5
102.5
85.2

1.3
97.7
84.2

1.0
109.4
83.6

1.1
113.0
97.9

0.8
128.6
96.8

1.2
121.0
89.8

1.2
138.9
103.3

38
39
40

41
42
43

Finance companies
REITs
Brokers and dealers

125.3
5.6
32.2

140.0
10.5
54.4

126.4
21.2
88.4

161.4
21.1
92.9

178.3
21.1
134.3

179.9
21.8
88.3

152.6
23.0
168.5

148.3
22.9
145.2

181.9
21.6
229.5

160.9
21.9
223.8

172.8
21.4
197.0

41
42
43

-1136.3

-1376.6

-1956.1

-2447.0

-3006.7

-2940.6

-2881.4

-2738.3

-3207.4

-3176.8

-3235.6

44

44

Discrepancy