58

Z.1, September 16, 2004

L.1 Credit Market Debt Outstanding (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1
2

Total credit market debt owed by:
Domestic nonfinancial sectors

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

23350.8

25473.2

27188.1

29161.8

31320.7

31845.3

32564.1

33225.0

34007.4

34585.7

35181.7

1

16198.2

17253.2

18105.9

19229.7

20552.9

20854.6

21392.5

21801.3

22272.2

22692.3

23103.6

2

3

Federal government

3752.2

3681.0

3385.1

3379.5

3637.0

3700.6

3806.9

3914.5

4033.1

4168.9

4209.6

3

4

Nonfederal sectors

12446.0

13572.2

14720.8

15850.2

16915.9

17154.1

17585.6

17886.8

18239.1

18523.4

18894.0

4

5956.7
3780.4
1405.3
165.3
1138.3

6440.8
4188.5
1595.5
170.6
1176.9

7012.9
4545.7
1788.4
181.5
1192.3

7640.9
4774.4
1944.7
192.0
1298.1

8372.4
4808.6
2093.0
199.9
1442.0

8523.4
4847.0
2119.3
198.3
1466.1

8789.9
4918.7
2153.2
202.8
1521.0

9027.3
4934.8
2189.3
205.7
1529.8

9252.3
4987.1
2232.5
207.6
1559.7

9424.4
5036.4
2261.6
205.6
1595.4

9670.4
5076.9
2305.2
212.8
1628.7

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

639.4

652.6

709.6

659.9

665.5

669.4

653.2

638.7

649.8

666.9

651.8

10

11

Financial sectors

6513.2

7567.4

8372.7

9272.3

10102.3

10321.3

10518.4

10785.0

11085.3

11226.5

11426.2

11

12
13
14
15

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

382.1
186.2
2.4
193.5

449.3
228.0
2.0
219.3

509.3
264.8
2.0
242.5

562.1
294.9
1.1
266.1

611.8
324.8
0.7
286.4

627.5
324.1
0.5
302.8

639.3
336.2
0.5
302.7

638.6
333.3
0.5
304.8

661.0
338.7
0.6
321.8

703.2
355.2
0.6
347.5

710.2
358.1
0.6
351.5

12
13
14
15

16
17

Savings institutions
Credit unions

212.4
1.1

260.4
3.4

287.7
3.4

285.7
4.9

262.3
6.9

257.2
7.6

256.7
8.0

262.3
8.8

268.3
9.1

267.2
8.4

308.0
9.6

16
17

18
19
20
21

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

2.5
1275.4
2019.0
1365.3

3.2
1594.2
2293.5
1556.8

2.5
1826.4
2493.2
1743.8

3.1
2130.6
2831.8
1997.8

5.1
2350.4
3158.6
2191.2

6.3
2406.1
3226.6
2246.6

6.6
2454.0
3289.1
2307.1

7.4
2569.2
3371.3
2343.2

8.0
2594.1
3489.0
2392.3

7.9
2598.7
3506.4
2415.6

8.6
2657.3
3519.8
2492.4

18
19
20
21

22
23
24
25
26

Finance companies
Mortgage companies
REITs
Brokers and dealers
Funding corporations

625.5
16.0
158.8
42.5
412.6

696.1
16.0
165.1
25.3
504.0

778.0
16.0
167.8
40.9
503.7

779.2
16.0
170.2
42.3
448.4

821.4
16.0
190.0
40.6
447.9

820.0
16.0
194.4
50.2
462.7

871.0
16.0
197.6
46.2
426.8

896.3
16.0
206.7
48.6
416.5

938.7
16.0
214.7
47.0
447.0

958.1
16.0
228.7
60.0
456.1

962.2
16.0
239.9
60.7
441.4

22
23
24
25
26

23350.8

25473.2

27188.1

29161.8

31320.7

31845.3

32564.1

33225.0

34007.4

34585.7

35181.7

27

3296.0

3498.8

3380.5

3366.8

3320.2

3254.7

3282.2

3422.8

3553.8

3417.6

3505.3

28

2264.3
254.5
67.5
709.7

2392.1
231.7
64.6
810.4

2235.2
256.8
65.9
822.6

2104.8
258.5
73.0
930.5

2010.1
280.1
76.7
953.3

1949.5
274.1
76.6
954.5

1944.7
290.6
77.6
969.2

2047.8
307.7
77.8
989.5

2154.4
311.2
78.1
1010.1

2009.8
308.8
78.1
1020.9

2069.1
324.9
77.8
1033.5

29
30
31
32

221.4
2231.2

260.9
2316.0

272.6
2590.8

278.6
2916.9

288.2
3394.8

283.7
3489.7

281.7
3683.8

286.7
3772.2

285.6
3933.1

286.8
4163.3

283.6
4366.4

33
34

17602.1

19397.5

20944.2

22599.5

24317.5

24817.2

25316.4

25743.3

26234.9

26718.0

27026.3

35

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
37
38
39
40
41
42
43
44

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

452.5
4336.1
3761.4
504.5
26.5
43.8
965.5
324.2
194.1

478.1
4648.3
4080.0
487.4
32.7
48.3
1032.6
351.7
222.0

511.8
5006.3
4419.5
511.3
20.5
55.0
1088.8
379.7
222.8

551.7
5210.5
4610.1
510.7
24.7
65.0
1133.4
421.2
194.7

629.4
5614.9
5003.9
516.9
27.8
66.3
1167.0
463.9
195.6

641.5
5673.6
5055.6
519.0
33.0
66.1
1214.6
473.7
194.9

652.1
5831.3
5200.8
517.6
42.9
70.0
1239.0
495.3
194.3

656.1
5831.8
5230.3
490.3
36.4
74.9
1261.5
517.7
193.7

666.7
5960.8
5361.7
485.8
36.4
76.9
1293.3
514.5
193.2

674.1
6135.3
5525.9
492.9
36.7
79.9
1370.8
524.6
196.4

687.4
6270.1
5665.5
484.0
36.1
84.5
1408.9
542.3
197.3

36
37
38
39
40
41
42
43
44

45
46
47
48
49

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

1828.0
521.1
621.1
663.2
30.2

1886.0
518.2
720.4
702.8
33.1

1943.9
509.4
724.2
752.0
35.1

2074.8
518.4
708.3
715.2
44.8

2307.8
558.3
729.5
708.0
57.8

2377.0
572.3
731.3
703.0
64.9

2436.5
584.7
737.4
717.1
65.5

2471.6
601.9
734.4
711.7
65.3

2488.3
625.2
733.6
728.9
64.1

2546.1
651.5
740.0
737.3
64.3

2599.8
669.5
737.6
751.9
66.0

45
46
47
48
49

50
51
52
53
54
55
56

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

965.9
1028.4
101.2
0.0
1251.5
2019.0
1186.7

1147.8
1076.8
110.8
0.0
1538.8
2293.5
1360.0

1290.9
1097.7
105.3
0.0
1794.4
2493.2
1517.2

1536.9
1223.8
108.5
0.0
2099.1
2831.8
1745.1

1511.6
1368.0
117.1
3.7
2323.2
3158.6
1915.8

1485.5
1415.6
123.6
3.4
2376.9
3226.6
1965.3

1479.6
1480.9
138.6
3.5
2401.3
3289.1
2020.6

1438.1
1478.5
149.3
3.9
2550.2
3371.3
2051.7

1398.5
1505.7
153.3
4.5
2565.0
3489.0
2096.0

1344.7
1552.6
155.5
5.7
2557.5
3506.4
2114.6

1271.3
1555.5
161.2
6.6
2608.9
3519.8
2186.8

50
51
52
53
54
55
56

57
58
59
60
61

Finance companies
Mortgage companies
REITs
Brokers and dealers
Funding corporations

645.5
32.1
45.5
189.4
201.2

742.6
32.1
42.9
154.7
304.3

851.2
32.1
35.8
223.6
328.8

846.4
32.1
42.5
316.0
244.4

867.6
32.1
65.6
344.4
177.7

861.1
32.1
63.5
390.9
225.9

883.5
32.1
71.2
341.1
221.5

924.2
32.1
75.9
375.0
247.2

951.8
32.1
82.4
424.1
263.9

989.2
32.1
96.8
410.6
311.8

1009.3
32.1
104.7
332.5
306.7

57
58
59
60
61

(1) Excludes corporate equities and mutual fund shares.

59

Z.1, September 16, 2004

L.2 Credit Market Debt Owed by Nonfinancial Sectors
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

16198.2

17253.2

18105.9

19229.7

20552.9

20854.6

21392.5

21801.3

22272.2

22692.3

23103.6

1

3752.2
3723.7
28.5

3681.0
3652.7
28.3

3385.1
3357.8
27.3

3379.5
3352.7
26.8

3637.0
3609.8
27.3

3700.6
3673.7
26.9

3806.9
3779.9
27.0

3914.5
3887.5
27.0

4033.1
4008.2
24.9

4168.9
4143.8
25.1

4209.6
4185.4
24.2

2
3
4

12446.0
193.0
1402.9
1846.0
1150.2
826.1

13572.2
230.3
1457.2
2067.7
1233.2
852.4

14720.8
278.4
1480.9
2230.3
1335.0
932.1

15850.2
190.1
1603.7
2578.8
1253.5
941.0

16915.9
126.0
1763.1
2711.0
1166.5
961.3

17154.1
127.1
1791.1
2753.4
1141.8
957.2

17585.6
107.5
1850.7
2827.7
1128.8
966.8

17886.8
108.4
1863.5
2851.7
1096.4
958.0

18239.1
85.9
1898.2
2869.3
1131.1
971.3

18523.4
95.5
1937.2
2897.9
1116.1
969.3

18894.0
102.5
1977.2
2899.3
1136.1
978.2

5
6
7
8
9
10

5584.9
4301.4
310.8
875.5
97.2
1442.9

6181.1
4721.5
347.2
1008.8
103.6
1550.2

6737.6
5133.8
377.1
1116.5
110.2
1726.5

7417.9
5651.4
419.9
1228.7
117.9
1865.2

8245.4
6332.2
457.6
1330.1
125.5
1942.6

8470.7
6524.3
466.0
1352.9
127.6
1912.7

8764.2
6767.0
480.2
1387.2
129.7
1940.0

9031.3
6983.3
493.4
1422.9
131.7
1977.5

9257.7
7150.2
514.1
1459.9
133.6
2025.5

9502.1
7351.7
519.8
1495.4
135.3
2005.3

9782.2
7571.0
533.5
1539.1
138.6
2018.6

11
12
13
14
15
16

12446.0
5956.7
5350.9
3780.4
1405.3
165.3
1138.3

13572.2
6440.8
5954.5
4188.5
1595.5
170.6
1176.9

14720.8
7012.9
6515.5
4545.7
1788.4
181.5
1192.3

15850.2
7640.9
6911.2
4774.4
1944.7
192.0
1298.1

16915.9
8372.4
7101.4
4808.6
2093.0
199.9
1442.0

17154.1
8523.4
7164.6
4847.0
2119.3
198.3
1466.1

17585.6
8789.9
7274.8
4918.7
2153.2
202.8
1521.0

17886.8
9027.3
7329.8
4934.8
2189.3
205.7
1529.8

18239.1
9252.3
7427.1
4987.1
2232.5
207.6
1559.7

18523.4
9424.4
7503.6
5036.4
2261.6
205.6
1595.4

18894.0
9670.4
7594.9
5076.9
2305.2
212.8
1628.7

17
18
19
20
21
22
23

24

Foreign credit market debt
held in U.S.

639.4

652.6

709.6

659.9

665.5

669.4

653.2

638.7

649.8

666.9

651.8

24

25
26
27
28

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

72.9
450.9
58.7
57.0

89.2
452.8
59.2
51.5

120.9
468.0
70.5
50.2

106.7
443.5
63.2
46.4

142.8
410.0
68.6
44.1

155.7
402.5
67.6
43.7

173.1
377.5
59.7
42.9

160.4
375.3
61.0
42.0

165.1
381.9
60.9
42.0

190.0
377.0
59.2
40.8

183.4
367.1
60.9
40.4

25
26
27
28

16837.6

17905.8

18815.5

19889.5

21218.4

21524.1

22045.7

22440.0

22922.0

23359.3

23755.5

29

29

Domestic and foreign

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

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

10
11
12
13

Commercial banks
Bank holding companies
Savings institutions
Credit unions

14
15
16
17

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

18
19
20
21
22

Brokers and dealers
Finance companies
Mortgage companies
REITs
Funding corporations

6513.2

7567.4

8372.7

9272.3

10102.3

10321.3

10518.4

10785.0

11085.3

11226.5

11426.2

1

906.7
1275.4
2019.0
1846.0
105.8
288.7
71.6

1082.9
1594.2
2293.5
2032.7
91.5
395.8
76.7

1214.7
1826.4
2493.2
2226.0
91.1
438.3
82.9

1169.4
2130.6
2831.8
2488.4
104.2
463.7
84.2

1105.9
2350.4
3158.6
2821.5
105.3
470.5
90.1

1076.5
2406.1
3226.6
2953.6
92.9
476.3
89.2

1036.5
2454.0
3289.1
3064.1
98.7
486.0
90.1

1025.7
2569.2
3371.3
3133.8
102.8
490.3
92.0

1042.1
2594.1
3489.0
3264.2
100.3
501.7
93.9

1055.0
2598.7
3506.4
3347.2
104.1
516.6
98.5

1028.2
2657.3
3519.8
3462.2
98.7
558.1
101.8

2
3
4
5
6
7
8

6513.2

7567.4

8372.7

9272.3

10102.3

10321.3

10518.4

10785.0

11085.3

11226.5

11426.2

9

188.6
193.5
212.4
1.1

230.0
219.3
260.4
3.4

266.7
242.5
287.7
3.4

296.0
266.1
285.7
4.9

325.5
286.4
262.3
6.9

324.7
302.8
257.2
7.6

336.7
302.7
256.7
8.0

333.8
304.8
262.3
8.8

339.3
321.8
268.3
9.1

355.8
347.5
267.2
8.4

358.7
351.5
308.0
9.6

10
11
12
13

2.5
1275.4
2019.0
1365.3

3.2
1594.2
2293.5
1556.8

2.5
1826.4
2493.2
1743.8

3.1
2130.6
2831.8
1997.8

5.1
2350.4
3158.6
2191.2

6.3
2406.1
3226.6
2246.6

6.6
2454.0
3289.1
2307.1

7.4
2569.2
3371.3
2343.2

8.0
2594.1
3489.0
2392.3

7.9
2598.7
3506.4
2415.6

8.6
2657.3
3519.8
2492.4

14
15
16
17

42.5
625.5
16.0
158.8
412.6

25.3
696.1
16.0
165.1
504.0

40.9
778.0
16.0
167.8
503.7

42.3
779.2
16.0
170.2
448.4

40.6
821.4
16.0
190.0
447.9

50.2
820.0
16.0
194.4
462.7

46.2
871.0
16.0
197.6
426.8

48.6
896.3
16.0
206.7
416.5

47.0
938.7
16.0
214.7
447.0

60.0
958.1
16.0
228.7
456.1

60.7
962.2
16.0
239.9
441.4

18
19
20
21
22

60

Z.1, September 16, 2004

L.4 Credit Market Debt, All Sectors, by Instrument
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1
2
3
4
5
6
7
8
9
10

11
12

Total

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

23350.8

25473.2

27188.1

29161.8

31320.7

31845.3

32564.1

33225.0

34007.4

34585.7

35181.7

1

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

1172.6
3723.7
3322.9
1402.9
4142.9

1402.4
3652.7
3916.0
1457.2
4553.3

1614.0
3357.8
4347.0
1480.9
4924.3

1466.2
3352.7
4989.1
1603.7
5510.7

1374.7
3609.8
5536.3
1763.1
5942.6

1359.2
3673.7
5659.6
1791.1
6109.5

1317.1
3779.9
5770.1
1850.7
6269.2

1294.5
3887.5
5967.5
1863.5
6360.7

1293.1
4008.2
6108.0
1898.2
6515.4

1340.4
4143.8
6130.2
1937.2
6622.1

1314.2
4185.4
6201.3
1977.2
6728.6

2
3
4
5
6

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

1314.8
1171.7
5656.5
1442.9

1383.8
1299.7
6257.8
1550.2

1496.6
1420.5
6820.6
1726.5

1421.0
1451.1
7502.1
1865.2

1340.4
1475.9
8335.5
1942.6

1302.3
1477.2
8559.9
1912.7

1287.2
1495.7
8854.2
1940.0

1260.2
1490.3
9123.3
1977.5

1292.3
1515.0
9351.7
2025.5

1279.3
1526.7
9600.6
2005.3

1295.8
1576.6
9884.0
2018.6

7
8
9
10

15547.3
3613.1

19522.8
4538.5

17627.0
4435.3

15310.6
4135.5

11871.0
3638.4

11425.9
3587.8

13278.7
4071.6

13755.1
4242.6

15497.0
4653.2

15832.8
4901.2

15982.7
4969.7

11
12

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

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

1

Total credit market debt
(from table L.4)

23350.8

25473.2

27188.1

29161.8

31320.7

31845.3

32564.1

33225.0

34007.4

34585.7

35181.7

1

2
3
4
5
6

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

60.1
9.2
19.9
627.6
189.4

50.1
6.2
20.9
676.5
202.4

46.1
2.2
23.2
803.4
221.2

46.8
2.2
24.5
810.1
191.4

55.8
2.2
25.5
831.1
205.9

57.6
2.2
25.6
839.8
175.5

58.9
2.2
26.0
875.6
123.8

61.3
2.2
26.0
799.1
163.7

62.3
2.2
26.0
831.1
202.9

61.5
2.2
26.2
864.2
116.0

58.9
2.2
26.5
852.4
129.8

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

1333.3
2626.5
805.3
1329.7
913.8

1484.5
2671.6
936.4
1578.8
1083.6

1413.1
2860.4
1052.6
1812.1
1196.8

1603.2
3127.6
1121.1
2240.7
1231.8

1646.7
3398.5
1171.3
2223.9
1336.8

1645.3
3502.2
1208.8
2156.1
1358.1

1712.2
3575.0
1222.2
2120.1
1440.8

1707.2
3600.9
1221.8
2058.0
1446.6

1780.6
3627.9
1233.2
2016.0
1559.4

1791.8
3721.5
1332.2
1971.9
1630.5

1847.9
3793.8
1379.4
1912.3
1585.1

7
8
9
10
11

12
13
14
15

Mutual fund shares
Security credit
Life insurance reserves
Pension fund reserves

3613.1
572.2
718.3
8123.2

4538.5
676.6
783.9
9111.4

4435.3
822.7
819.1
8901.3

4135.5
825.9
880.0
8444.1

3638.4
738.8
920.9
7754.1

3587.8
796.6
936.3
7664.6

4071.6
971.9
959.7
8239.9

4242.6
940.2
973.0
8424.2

4653.2
871.3
1013.2
8960.6

4901.2
953.3
1034.3
9137.5

4969.7
978.7
1054.2
9266.7

12
13
14
15

16
17
18
19

Trade payables
Taxes payable
Investment in bank personal trusts
Miscellaneous

2082.9
156.0
1001.0
8332.1

2345.4
178.9
1130.4
9325.1

2747.7
204.8
1095.8
10529.7

2664.3
219.2
960.7
11342.4

2730.9
248.1
840.9
12024.3

2728.9
260.0
819.6
12283.6

2778.5
264.8
877.0
12219.9

2829.2
271.5
885.0
12446.8

2891.8
260.5
932.4
12592.1

2943.9
273.1
955.0
12881.0

3013.5
281.1
961.9
12982.3

16
17
18
19

20

Total liabilities

55864.4

62274.4

66175.5

69033.3

71114.8

71894.1

74104.2

75324.2

77524.1

79183.0

80278.2

20

21
22
23

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

21.6
15547.3
4368.7

21.4
19522.8
4600.4

21.6
17627.0
4993.7

21.8
15310.6
5054.1

23.2
11871.0
5267.8

22.4
11425.9
5332.0

22.8
13278.7
5381.6

23.1
13755.1
5503.3

23.7
15497.0
5660.8

23.7
15832.8
5761.2

23.7
15982.7
5859.1

21
22
23

24
25
26

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

-6.4
528.1
-26.5

-7.1
558.6
-28.5

-8.5
624.7
-4.3

-8.6
611.9
11.1

-9.1
622.9
15.3

-9.2
633.1
19.3

-9.1
682.6
6.8

-9.3
610.9
18.1

-9.5
650.4
12.0

-9.6
661.5
14.7

-9.5
625.5
24.4

24
25
26

235.0
117.5
-2109.2

274.4
112.8
-2506.1

392.8
120.0
-3617.5

343.5
93.4
-3659.8

363.5
127.3
-3586.3

249.0
107.8
-3506.7

320.3
113.3
-3593.8

306.4
98.5
-3427.7

340.5
84.2
-3529.7

328.4
71.3
-3677.7

294.0
92.7
-3552.9

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

-3.9
23.1
12.2

-9.8
22.3
0.4

-2.3
22.0
3.7

-12.3
21.6
6.6

-11.7
20.9
100.6

-7.7
16.7
55.2

-7.9
20.1
12.5

-15.9
12.7
9.3

-17.9
20.8
67.7

1.1
17.4
23.7

0.1
21.5
-6.7

30
31
32

33

Totals identified to sectors as assets

77032.1

88001.9

91287.0

92012.6

90633.5

91116.8

95242.4

97002.5

101086.9

103370.0

104654.6

33

61

Z.1, September 16, 2004

L.10 Assets and Liabilities of the Personal Sector (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Total financial assets

2
3
4
5

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

6

Securities

7
8
9
10

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

11
12
13
14

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

27172.6

31528.4

30309.9

28800.2

26400.8

26254.3

28047.0

28650.9

30374.9

30874.5

31182.1

1

38.3
619.5
2779.0
745.5

43.5
601.2
2916.6
865.7

63.5
525.7
3228.5
1020.1

58.5
629.9
3443.5
1188.2

74.2
666.5
3729.2
1150.1

80.7
666.3
3874.2
1137.8

74.8
659.2
3935.9
1089.0

70.3
616.0
4006.0
1042.3

65.2
635.0
4055.9
1042.1

84.9
670.5
4231.8
1019.0

90.1
670.6
4279.5
948.7

2
3
4
5

11724.1

14481.1

12828.3

11242.8

9220.5

8971.3

9979.9

10358.9

11387.7

11375.3

11482.4

6

63.7
186.6
598.8
288.9

67.7
186.4
683.7
362.4

82.6
184.8
477.0
405.8

85.7
190.3
363.4
328.9

98.9
194.9
223.6
219.1

105.0
196.9
263.3
200.5

97.5
199.1
334.1
156.5

99.0
201.5
305.6
345.9

94.9
203.8
299.4
485.5

100.3
204.4
259.2
397.5

104.6
204.6
279.4
440.5

7
8
9
10

418.8
650.0
7120.0
2397.1

438.3
587.0
9168.1
2987.4

440.5
569.8
7762.6
2905.3

492.8
564.7
6466.3
2750.8

589.0
597.6
4853.7
2443.8

590.3
503.6
4680.3
2431.4

617.1
449.0
5364.4
2762.2

606.6
395.4
5499.3
2905.5

622.6
352.4
6146.7
3182.4

630.4
319.9
6072.0
3391.6

654.9
284.3
6065.5
3448.7

11
12
13
14

15
16
17
18

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

684.7
1248.1
4158.9
2749.7

748.9
1428.1
4628.9
3089.4

782.7
1453.1
4483.5
3001.0

842.2
1462.1
4104.6
2915.2

881.6
1488.0
3582.3
2723.2

896.9
1506.3
3528.2
2669.5

919.9
1606.5
3848.0
2825.2

933.1
1646.6
3939.6
2877.9

972.7
1713.7
4249.0
3038.4

993.8
1760.7
4352.2
3065.0

1013.3
1800.9
4405.7
3101.1

15
16
17
18

19
20

Investment in bank personal trusts
Miscellaneous and other assets

1001.0
1423.9

1130.4
1594.6

1095.8
1827.5

960.7
1952.5

840.9
2044.5

819.6
2103.6

877.0
2231.6

885.0
2275.2

932.4
2282.9

955.0
2366.2

961.9
2427.9

19
20

8459.2

9337.9

10270.2

11075.3

11973.0

12187.9

12607.3

12889.5

13138.1

13380.3

13720.0

21

21

Total liabilities

22
23
24

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

4292.0
1030.0
1442.9

4710.0
1131.9
1550.2

5120.3
1246.9
1726.5

5635.8
1351.7
1865.2

6316.0
1455.6
1942.6

6507.7
1478.4
1912.7

6750.0
1505.4
1940.0

6965.8
1537.7
1977.5

7132.2
1551.0
2025.5

7332.8
1577.3
2005.3

7551.3
1610.7
2018.6

22
23
24

25
26
27

Policy loans
Security credit
Other liabilities (3)

104.7
152.8
1436.7

100.0
227.9
1617.9

102.8
235.1
1838.6

105.0
196.4
1921.2

106.1
148.2
2004.5

105.6
159.5
2023.9

105.9
248.5
2057.5

105.4
227.6
2075.5

105.5
182.5
2141.4

105.4
201.2
2158.2

105.7
215.6
2218.2

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, 2004

L.100 Households and Nonprofit Organizations (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

30474.5

34894.0

33853.6

32326.3

30027.8

29917.7

31725.2

32414.3

34265.6

34836.0

35204.8

1

3853.6

4031.9

4357.4

4821.8

5103.8

5243.1

5239.9

5215.2

5277.8

5490.1

5473.2

2

38.3
421.9
2680.5
712.9

43.5
364.3
2799.1
825.0

63.5
232.3
3090.9
970.7

58.5
335.3
3298.8
1129.2

74.2
358.7
3582.3
1088.7

80.7
356.3
3728.3
1077.8

74.8
345.7
3789.0
1030.3

70.3
299.3
3858.9
986.7

65.2
316.3
3907.3
989.0

84.9
351.3
4084.1
969.8

90.1
351.8
4131.7
899.7

3
4
5
6

2264.3

2392.1

2235.2

2104.8

2010.1

1949.5

1944.7

2047.8

2154.4

2009.8

2069.1

7

8
9
10
11
12

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

63.7
747.5
186.6
560.9
288.9

67.7
833.0
186.4
646.5
362.4

82.6
621.6
184.8
436.9
405.8

85.7
510.9
190.3
320.5
328.9

98.9
373.3
194.9
178.4
219.1

105.0
415.1
196.9
218.2
200.5

97.5
486.9
199.1
287.7
156.5

99.0
460.3
201.5
258.7
345.9

94.9
455.6
203.8
251.8
485.5

100.3
415.4
204.4
211.0
397.5

104.6
435.3
204.6
230.7
440.5

8
9
10
11
12

13
14
15

Municipal securities
Corporate and foreign bonds
Mortgages

416.0
650.0
98.2

435.6
587.0
106.5

438.0
569.8
117.4

489.3
564.7
125.4

585.2
597.6
136.0

586.6
503.6
138.8

613.3
449.0
141.6

602.7
395.4
144.5

618.6
352.4
147.4

626.4
319.9
150.3

650.9
284.3
153.5

13
14
15

7120.0
2397.1
276.7
718.3
8123.2
1001.0
4368.7
351.5

9168.1
2987.4
323.9
783.9
9111.4
1130.4
4600.4
364.3

7762.6
2905.3
412.4
819.1
8901.3
1095.8
4993.7
370.9

6466.3
2750.8
454.3
880.0
8444.1
960.7
5054.1
389.4

4853.7
2443.8
412.7
920.9
7754.1
840.9
5267.8
420.0

4680.3
2431.4
429.6
936.3
7664.6
819.6
5332.0
431.3

5364.4
2762.2
515.1
959.7
8239.9
877.0
5381.6
440.6

5499.3
2905.5
503.4
973.0
8424.2
885.0
5503.3
457.5

6146.7
3182.4
475.4
1013.2
8960.6
932.4
5660.8
462.0

6072.0
3391.6
513.0
1034.3
9137.5
955.0
5761.2
471.5

6065.5
3448.7
526.3
1054.2
9266.7
961.9
5859.1
480.2

16
17
18
19
20
21
22
23

6253.5

6819.1

7402.3

7989.2

8680.4

8845.3

9203.0

9421.6

9603.4

9796.4

10059.8

24

5956.7

6440.8

7012.9

7640.9

8372.4

8523.4

8789.9

9027.3

9252.3

9424.4

9670.4

25

4086.1
1442.9
126.9

4457.9
1550.2
137.3

4828.7
1726.5
143.0

5301.4
1865.2
156.9

5932.1
1942.6
169.8

6109.6
1912.7
173.6

6334.9
1940.0
177.3

6536.3
1977.5
180.6

6688.2
2025.5
183.9

6873.6
2005.3
186.7

7078.3
2018.6
192.3

26
27
28

74.2
122.9
103.7

67.3
117.8
110.3

74.1
119.8
120.7

57.6
120.4
139.4

54.6
120.7
152.7

50.9
120.0
156.6

61.1
120.1
156.5

51.9
119.4
161.6

94.4
119.3
141.0

92.8
119.1
146.9

111.4
119.0
150.8

29
30
31

152.8
126.8

227.9
130.9

235.1
134.7

196.4
132.9

148.2
139.8

159.5
141.7

248.5
143.6

227.6
145.7

182.5
147.7

201.2
149.9

215.6
152.1

32
33

17.2

19.4

19.6

19.1

20.0

20.7

21.0

21.0

20.9

21.0

21.7

34

16
17
18
19
20
21
22
23
24
25

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

26
27
28

Home mortgages (3)
Consumer credit
Municipal securities

29
30
31

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

32
33
34

Security credit
Trade payables
Deferred and unpaid
life insurance premiums

(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 17), life insurance and pension reserves (lines 19 and 20), and bank personal trusts (line 21).
(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, 2004

L.101 Nonfinancial Business (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

7872.8

9335.4

11260.2

11544.9

11754.2

11848.5

12109.0

12266.3

12504.4

12681.6

12870.8

1

2
3
4
5
6

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

30.5
472.5
211.0
159.0
4.2

31.5
567.8
254.4
195.6
5.8

24.0
674.9
274.9
240.8
4.2

15.5
626.5
275.8
360.9
4.0

20.0
620.8
274.4
390.1
6.2

25.0
607.2
281.6
384.1
5.8

29.5
647.1
296.4
372.3
6.2

35.5
704.0
307.9
348.1
7.3

41.4
734.1
320.6
344.1
5.8

44.6
720.5
325.0
340.2
6.9

48.0
723.3
334.3
343.3
7.1

2
3
4
5
6

7

Credit market instruments

321.9

296.3

322.6

331.5

356.8

350.7

368.2

385.5

389.3

386.9

402.7

7

39.4
61.6
10.6
28.6
93.9
87.8

47.6
56.6
12.4
27.7
65.9
86.0

57.8
58.3
15.4
34.4
66.8
90.0

60.2
59.3
17.2
32.8
73.3
88.8

64.7
76.5
16.9
35.8
76.4
86.4

62.7
80.6
18.4
36.6
76.9
75.5

71.5
85.6
21.1
37.8
77.2
75.1

80.7
87.7
23.3
42.0
77.3
74.6

83.5
89.0
25.1
44.1
77.3
70.3

80.6
93.3
28.0
45.9
77.1
62.1

83.6
98.7
31.5
49.6
76.8
62.4

8
9
10
11
12
13

98.0
1673.1
4902.4

127.0
1920.3
5936.8

124.0
2272.9
7321.8

111.0
2146.1
7673.5

97.0
2088.6
7900.3

92.5
2122.5
7979.1

106.2
2203.2
8080.0

108.5
2248.5
8121.0

121.0
2243.0
8305.1

122.5
2327.4
8407.6

122.5
2423.8
8465.8

14
15
16

9663.3

10926.1

12479.3

12895.5

13241.6

13332.2

13489.1

13602.2

13709.9

13841.3

13953.0

17

8
9
10
11
12
13
14
15
16
17
18

Total financial assets

1999

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

5350.9

5954.5

6515.5

6911.2

7101.4

7164.6

7274.8

7329.8

7427.1

7503.6

7594.9

18

19
20
21

Commercial paper
Municipal securities
Corporate bonds

193.0
147.8
1846.0

230.3
152.8
2067.7

278.4
154.2
2230.3

190.1
157.7
2578.8

126.0
160.8
2711.0

127.1
160.9
2753.4

107.5
162.0
2827.7

108.4
162.8
2851.7

85.9
164.2
2869.3

95.5
164.7
2897.9

102.5
166.0
2899.3

19
20
21

22
23
24

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

1076.0
693.1
1395.0

1165.8
724.9
1612.9

1260.8
803.6
1788.2

1195.9
811.6
1977.0

1111.9
831.2
2160.6

1091.0
827.7
2204.6

1067.8
837.1
2272.8

1044.5
829.0
2333.4

1036.7
842.4
2428.6

1023.3
840.5
2481.6

1024.7
849.4
2553.0

22
23
24

1247.9
108.1
2956.4

1461.5
124.0
3386.1

1822.2
142.6
3998.9

1711.0
149.7
4123.6

1756.9
169.8
4213.6

1742.9
178.9
4245.8

1777.5
180.7
4256.2

1824.2
184.3
4263.9

1882.9
171.0
4228.8

1914.8
179.9
4243.1

1975.3
185.1
4197.7

25
26
27

25
26
27

Credit market instruments

Trade payables
Taxes payable
Miscellaneous liabilities

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

64

Z.1, September 16, 2004

L.102 Nonfarm Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

6816.1

8093.8

9772.5

9898.9

9962.3

10020.8

10238.8

10351.4

10549.2

10686.9

10828.3

1

30.5
275.0
112.6
126.4
4.2

31.5
331.0
136.9
154.9
5.8

24.0
381.4
137.3
191.4
4.2

15.5
331.9
131.1
301.9
4.0

20.0
313.0
127.5
328.8
6.2

25.0
297.2
135.7
324.1
5.8

29.5
333.6
149.6
313.6
6.2

35.5
387.3
160.8
292.6
7.3

41.4
415.3
172.0
291.0
5.8

44.6
401.3
177.3
291.0
6.9

48.0
404.4
186.5
294.3
7.1

2
3
4
5
6

7
8
9
10
11
12
13
14

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

39.4
23.6
10.6
25.7
67.3
87.8
1440.0
98.0

47.6
19.4
12.4
25.0
41.2
86.0
1647.7
127.0

57.8
18.1
15.4
31.9
43.5
90.0
1930.7
124.0

60.2
16.5
17.2
29.3
46.6
88.8
1802.2
111.0

64.7
31.4
16.9
32.1
48.7
86.4
1721.9
97.0

62.7
35.5
18.4
32.9
49.2
75.5
1746.6
92.5

71.5
39.3
21.1
34.0
49.7
75.1
1815.1
106.2

80.7
40.8
23.3
38.2
50.2
74.6
1844.0
108.5

83.5
41.5
25.1
40.2
50.7
70.3
1825.9
121.0

80.6
45.1
28.0
41.9
51.2
62.1
1895.4
122.5

83.6
50.1
31.5
45.6
51.7
62.4
1976.0
122.5

7
8
9
10
11
12
13
14

15
16
17
18
19
20

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

4475.0
1041.0
189.8
0.0
17.1
3227.0

5427.5
1227.7
190.8
0.0
43.9
3965.1

6722.6
1322.2
190.4
0.0
51.3
5158.7

6942.7
1456.2
200.8
0.0
49.6
5236.2

7067.8
1575.9
218.2
0.0
44.1
5229.7

7119.8
1609.6
224.2
0.0
43.6
5242.3

7194.5
1641.3
228.6
0.0
48.0
5276.5

7207.8
1682.2
235.8
0.0
47.9
5241.9

7365.5
1704.0
236.6
0.0
49.9
5375.1

7439.2
1747.5
240.8
0.0
52.4
5398.5

7464.6
1802.2
245.9
0.0
53.9
5362.6

15
16
17
18
19
20

7457.6

8407.3

9611.4

9809.5

9949.1

9989.6

10084.8

10134.2

10175.2

10257.4

10292.8

21

21

Total liabilities

22

Credit market instruments

3780.4

4188.5

4545.7

4774.4

4808.6

4847.0

4918.7

4934.8

4987.1

5036.4

5076.9

22

23
24
25
26

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

193.0
147.8
1846.0
768.8

230.3
152.8
2067.7
813.0

278.4
154.2
2230.3
861.0

190.1
157.7
2578.8
758.3

126.0
160.8
2711.0
661.9

127.1
160.9
2753.4
649.3

107.5
162.0
2827.7
632.1

108.4
162.8
2851.7
614.9

85.9
164.2
2869.3
612.4

95.5
164.7
2897.9
606.9

102.5
166.0
2899.3
602.3

23
24
25
26

27
28
29
30
31
32
33
34

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

562.0
12.1
306.8
8.3
6.6
142.3
85.9
262.8

585.4
15.3
355.6
8.0
4.4
119.5
82.6
339.2

651.3
19.7
412.6
7.6
4.3
117.3
89.8
370.4

659.1
21.5
402.3
7.4
4.1
115.7
108.3
430.3

675.1
23.1
409.7
7.0
4.4
125.8
105.0
473.8

671.7
23.7
408.5
7.3
4.7
115.0
112.5
484.6

680.7
24.1
410.2
7.5
4.4
126.1
108.4
508.8

669.3
28.7
401.0
7.6
4.2
125.2
102.7
527.8

680.7
28.1
411.7
7.8
4.2
125.0
103.9
574.6

679.5
24.8
428.1
8.0
3.7
113.6
101.3
592.0

686.6
27.8
424.2
8.1
4.2
120.6
101.9
620.3

27
28
29
30
31
32
33
34

1049.7
64.1
2563.5
812.0
114.9
1636.6

1228.2
71.0
2919.6
971.2
107.3
1841.1

1541.4
78.0
3446.3
1171.4
108.5
2166.3

1437.7
81.0
3516.3
1145.8
109.8
2260.7

1461.7
93.0
3585.9
1086.7
111.1
2388.0

1436.6
97.2
3608.9
1099.4
111.4
2398.1

1459.6
96.6
3609.8
1082.7
111.8
2415.3

1491.6
99.1
3608.7
1079.9
112.1
2416.7

1539.1
84.5
3564.6
1091.0
112.4
2361.2

1558.7
92.0
3570.3
1104.5
113.0
2352.8

1603.1
96.2
3516.6
1086.2
113.3
2317.0

35
36
37
38
39
40

390.3
11577.8

419.5
15155.6

389.3
12678.8

364.5
10796.2

260.2
7907.1

310.1
7647.5

355.5
8824.6

352.3
9050.7

286.8
10154.9

336.7
10241.4

372.8
10443.8

41
42

35
36
37
38
39
40

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

41
42

Trade receivables net of payables
Market value of equities

43
44

Securities and mortgages
Loans and short-term paper

2256.6
1523.8

2559.8
1628.7

2754.9
1790.7

3166.8
1607.6

3345.6
1463.0

3398.9
1448.0

3498.4
1420.3

3542.2
1392.6

3608.1
1379.0

3654.6
1381.9

3685.5
1391.4

43
44

45
46

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

2637.5
746.1

2927.9
891.4

3410.2
985.6

3126.3
1018.6

3017.6
1037.6

2981.8
1029.8

2976.6
1104.5

2983.3
1174.8

3002.5
1236.8

3032.5
1239.2

3090.7
1273.6

45
46

47
48

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

59.7
40.3

61.1
38.9

60.6
39.4

66.3
33.7

69.6
30.4

70.1
29.9

71.1
28.9

71.8
28.2

72.3
27.7

72.6
27.4

72.6
27.4

47
48

49

Liquid assets/short-term liabilities

28.3

30.4

28.9

32.6

34.4

34.5

37.1

39.4

41.2

40.9

41.2

49

(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 10, plus line 14.

65

Z.1, September 16, 2004

L.103 Nonfarm Noncorporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

992.7

1176.8

1422.8

1578.7

1720.0

1754.4

1795.8

1838.7

1878.6

1917.2

1963.7

1

178.9
98.5
32.6

217.6
117.5
40.7

274.1
137.6
49.4

274.5
144.7
59.0

287.3
146.9
61.3

289.6
145.8
60.0

293.0
146.8
58.7

296.2
147.0
55.6

298.2
148.6
53.1

298.6
147.7
49.2

298.3
147.8
49.0

2
3
4

38.0
2.8
26.7
0.0

37.2
2.7
24.7
0.0

40.2
2.4
23.3
0.0

42.8
3.5
26.6
0.0

45.2
3.7
27.8
0.0

45.1
3.8
27.7
0.0

46.3
3.8
27.5
0.0

46.8
3.9
27.1
0.0

47.5
3.9
26.6
0.0

48.1
4.0
26.0
0.0

48.6
4.0
25.2
0.0

5
6
7
8

233.1
382.1
45.6
1.6
334.9

272.6
463.8
45.9
1.6
416.3

342.1
553.7
45.8
1.6
506.2

343.9
683.6
48.3
1.8
633.5

366.7
781.1
52.5
1.8
726.9

375.9
806.6
53.9
1.9
750.8

388.1
831.6
55.0
1.8
774.8

404.5
857.6
56.7
1.8
799.1

417.1
883.6
56.9
2.1
824.6

432.0
911.6
57.9
2.2
851.4

447.9
942.9
59.2
2.1
881.7

9
10
11
12
13

2020.9

2328.3

2665.5

2875.7

3073.5

3124.3

3180.8

3241.4

3306.0

3358.2

3425.5

14

1405.3

1595.5

1788.4

1944.7

2093.0

2119.3

2153.2

2189.3

2232.5

2261.6

2305.2

15

262.1
108.1
1035.1

308.6
116.7
1170.1

352.9
127.8
1307.6

390.7
125.3
1428.8

404.1
127.6
1561.3

398.3
128.6
1592.4

390.7
128.2
1634.3

384.2
131.2
1673.9

378.8
133.3
1720.4

373.5
133.7
1754.4

376.4
134.6
1794.2

16
17
18

178.6
44.1
392.9

213.3
53.0
466.5

259.9
64.6
552.6

255.0
68.7
607.3

276.0
76.8
627.7

286.4
81.7
636.9

297.1
84.1
646.4

311.6
85.3
655.2

322.7
86.5
664.3

335.9
87.9
672.8

350.2
88.9
681.1

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

64.0

64.8

64.9

67.3

71.8

73.2

74.4

76.2

76.6

77.5

78.9

1

2

Checkable deposits and currency

18.6

19.2

19.4

20.1

20.5

20.5

20.5

20.5

20.6

20.6

20.6

2

3
4
5

Miscellaneous assets
Insurance receivables
Equity investment in GSEs (2)

45.4
43.7
1.7

45.6
43.9
1.6

45.5
43.9
1.6

47.3
45.3
2.0

51.4
49.3
2.1

52.7
50.7
2.1

53.9
51.7
2.2

55.6
53.3
2.3

56.0
53.5
2.5

56.9
54.5
2.4

58.2
55.7
2.6

3
4
5

184.9

190.6

202.4

210.3

219.1

218.3

223.5

226.6

228.7

225.7

234.7

6

165.3

170.6

181.5

192.0

199.9

198.3

202.8

205.7

207.6

205.6

212.8

7

45.1
23.0
97.2

44.2
22.8
103.6

46.9
24.4
110.2

46.9
27.3
117.9

46.0
28.4
125.5

43.4
27.4
127.6

45.0
28.2
129.7

45.4
28.5
131.7

45.5
28.5
133.6

42.9
27.4
135.3

46.0
28.2
138.6

8
9
10

19.6

20.0

20.9

18.3

19.2

20.0

20.7

20.9

21.1

20.1

22.0

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, 2004

L.105 State and Local Governments (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1463.1

1587.5

1683.2

1756.5

1794.7

1800.7

1833.8

1864.1

1905.0

1926.7

1938.6

1

2
3
4
5

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

28.3
92.3
22.5
154.2

32.2
105.7
27.6
151.6

33.2
118.7
34.1
159.8

38.2
129.9
53.7
137.6

46.7
137.6
56.0
132.7

44.9
138.5
54.3
133.4

48.9
142.0
51.5
136.3

48.9
143.8
46.9
137.9

55.2
147.2
46.6
140.7

53.2
149.0
45.7
144.7

47.4
161.8
43.5
140.2

2
3
4
5

6

Credit market instruments

7
8
9
10
11
12

Total financial assets

1999

709.7

810.4

822.6

930.5

953.3

954.5

969.2

989.5

1010.1

1020.9

1033.5

6

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

86.0
279.7
152.7

103.3
303.2
196.5

121.2
297.2
198.1

107.6
339.4
253.5

113.3
351.5
256.5

114.3
348.3
258.6

118.1
345.0
266.9

120.1
355.6
271.3

123.8
358.8
279.3

125.8
362.9
281.1

127.8
368.3
283.4

7
8
9

Municipal securities
Corporate and foreign bonds
Mortgages

3.2
61.9
126.2

3.5
73.3
130.6

3.8
70.0
132.4

4.0
95.6
130.4

4.1
103.8
124.0

4.1
104.5
124.8

4.2
107.1
127.9

4.3
108.5
129.6

4.4
111.1
132.6

4.4
112.4
134.2

4.5
113.8
135.9

10
11
12

97.6
19.1

117.1
21.4

97.1
21.2

100.7
24.3

80.3
24.2

75.6
26.4

85.8
25.6

87.7
24.2

96.3
21.2

97.5
16.8

97.0
11.3

13
14

95.4
17.1
226.9

103.9
27.6
190.1

111.4
42.4
242.7

116.5
46.1
179.0

118.1
56.5
189.5

118.8
62.2
192.0

121.8
66.5
186.2

123.4
69.9
191.9

126.3
73.5
187.9

127.8
77.9
193.1

129.4
84.5
190.1

15
16
17

1717.8

1785.4

1828.3

1959.2

2127.6

2157.7

2218.6

2233.4

2269.4

2311.0

2350.3

18

13
14

Corporate equities
Mutual fund shares

15
16
17

Trade receivables
Taxes receivable
Miscellaneous assets

18

Total liabilities

19

Credit market instruments

1138.3

1176.9

1192.3

1298.1

1442.0

1466.1

1521.0

1529.8

1559.7

1595.4

1628.7

19

20
21
22
23

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

1128.2
41.2
1087.1
10.1

1167.1
43.7
1123.4
9.7

1183.6
45.1
1138.5
8.7

1289.2
69.0
1220.2
8.9

1432.6
94.2
1338.4
9.4

1456.6
92.8
1363.8
9.5

1511.4
92.4
1418.9
9.6

1520.1
95.2
1425.0
9.6

1550.1
101.3
1448.8
9.7

1585.7
103.2
1482.5
9.7

1619.0
85.2
1533.8
9.7

20
21
22
23

579.5

608.6

635.9

661.1

685.6

691.6

697.6

703.6

709.6

715.6

721.6

24

24

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
13

Agency- and GSE-backed securities
Other loans and advances
Mortgages
Consumer credit (1)
Trade receivables
Taxes receivable
Miscellaneous assets
Total liabilities

14
15

SDR certificates
Treasury currency

16

Credit market instruments

17
18
19
20
21
22
23
24
25

Savings bonds
Other Treasury securities
Budget agency securities
Multifamily residential mortgages
Trade payables
Insurance reserves
Miscellaneous liabilities (2)
Nonmarketable securities held by pension plans
Other

445.4

560.5

513.8

614.9

611.4

599.5

622.3

642.4

637.8

629.1

626.8

1

51.0
23.2
4.7

44.4
87.9
5.4

41.0
24.3
6.3

43.1
66.9
10.5

51.1
47.5
27.6

51.7
23.3
18.4

52.9
41.8
27.8

54.8
53.3
9.1

55.1
54.1
2.4

54.3
22.7
1.9

52.3
46.8
2.1

2
3
4

221.4

260.9

272.6

278.6

288.2

283.7

281.7

286.7

285.6

286.8

283.6

5

0.0
139.2
44.9
37.4

0.0
132.3
77.7
50.9

0.0
128.6
76.9
67.0

0.0
122.7
75.8
80.1

0.0
119.1
76.3
92.8

0.0
119.1
73.9
90.6

0.0
118.5
74.0
89.1

0.0
117.7
73.6
95.3

0.0
117.7
73.8
94.1

0.0
117.1
75.8
93.9

0.0
116.8
74.2
92.6

6
7
8
9

22.3
21.4
101.4

22.9
38.5
100.5

28.1
42.4
99.1

35.5
79.8
100.4

32.2
64.3
100.5

30.7
90.0
101.6

31.6
85.0
101.5

33.6
103.1
101.9

35.9
102.8
101.9

37.8
123.9
101.9

36.0
103.9
102.0

10
11
12

4529.4

4498.1

4227.2

4288.2

4575.9

4623.6

4744.3

4864.6

5010.8

5139.5

5194.6

13

9.2
19.9

6.2
20.9

2.2
23.2

2.2
24.5

2.2
25.5

2.2
25.6

2.2
26.0

2.2
26.0

2.2
26.0

2.2
26.2

2.2
26.5

14
15

3752.2

3681.0

3385.1

3379.5

3637.0

3700.6

3806.9

3914.5

4033.1

4168.9

4209.6

16

186.6
3537.0
28.5
0.0

186.4
3466.2
28.3
0.0

184.8
3173.0
27.3
0.0

190.3
3162.4
26.8
0.0

194.9
3414.9
27.3
0.0

196.9
3476.8
26.9
0.0

199.1
3580.8
27.0
0.0

201.5
3686.0
27.0
0.0

203.8
3804.4
24.9
0.0

204.4
3939.4
25.1
0.0

204.6
3980.8
24.2
0.0

17
18
19
20

65.0
33.6
649.6
642.9
6.7

64.5
35.0
690.6
684.0
6.6

69.0
36.4
711.3
704.9
6.4

72.3
37.8
772.0
765.8
6.2

73.6
39.4
798.2
790.3
7.9

77.9
39.4
777.9
767.8
10.1

78.7
39.8
790.7
778.6
12.0

79.6
39.9
802.3
788.1
14.2

77.8
40.5
831.3
815.0
16.3

81.9
40.5
819.8
801.2
18.6

85.5
40.9
829.8
809.2
20.6

21
22
23
24
25

(1) Student loans.
(2) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement
and disability fund.

67

Z.1, September 16, 2004

L.107 Rest of the World
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

5162.4

5775.7

6584.9

6965.8

7441.1

7656.8

7809.1

7834.3

8228.7

8644.4

8803.3

1

145.9
257.1
129.0
72.0

140.3
279.4
125.9
79.9

161.1
286.9
108.7
91.3

115.5
305.7
120.6
150.7

119.7
326.6
152.3
190.1

92.1
333.4
154.6
360.5

49.5
349.9
155.9
364.6

76.4
343.2
122.3
420.3

120.2
351.3
131.2
462.9

35.9
352.6
128.7
530.7

31.9
373.0
165.4
552.0

2
3
4
5

2231.2

2316.0

2590.8

2916.9

3394.8

3489.7

3683.8

3772.2

3933.1

4163.3

4366.4

6

7

Open market paper

87.1

85.8

90.1

87.5

97.8

91.3

102.0

95.2

107.7

113.9

115.5

7

8
9
10

Treasury securities
Official
Private

1166.2
622.9
543.3

1058.4
617.7
440.7

1021.4
639.8
381.6

1063.1
704.6
358.5

1254.1
796.4
457.7

1296.2
826.7
469.4

1392.6
869.4
523.2

1462.5
893.3
569.1

1539.2
966.1
573.0

1701.8
1067.8
634.0

1805.1
1130.9
674.2

8
9
10

11
12
13

Agency- and GSE-backed securities
Official
Private

227.8
46.8
181.0

300.2
76.1
224.1

441.4
116.4
325.1

534.7
126.9
407.8

650.2
158.4
491.7

663.9
168.0
495.9

678.0
171.3
506.7

650.3
174.6
475.7

661.7
183.3
478.4

681.4
196.3
485.1

719.3
199.1
520.2

11
12
13

14
15

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

607.8
142.3

752.1
119.5

920.6
117.3

1115.9
115.7

1266.9
125.8

1323.4
115.0

1385.2
126.1

1439.0
125.2

1499.5
125.0

1552.7
113.6

1606.0
120.6

14
15

16
17
18

U.S. corporate equities
Trade receivables
Security credit

1250.3
52.5
0.0

1611.5
47.4
0.0

1643.2
47.0
0.0

1572.7
43.9
0.0

1260.8
47.0
0.0

1190.2
47.3
0.0

1405.7
47.2
0.0

1437.8
46.3
0.0

1669.0
48.7
0.0

1707.6
49.3
0.0

1710.8
45.3
0.0

16
17
18

19
20
21

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

1024.3
920.0
104.3

1175.3
1101.7
73.6

1655.8
1421.0
234.8

1739.8
1513.5
226.3

1949.8
1505.2
444.6

1989.1
1537.3
451.8

1752.4
1538.6
213.8

1615.7
1537.0
78.7

1512.3
1545.1
-32.8

1676.3
1555.1
121.3

1558.4
1589.6
-31.1

19
20
21

2776.4

3148.1

3490.2

3650.1

3981.8

4168.1

3913.6

3812.7

4064.5

4159.6

4249.8

22

22

Total liabilities

23
24

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

60.1
627.6

50.1
676.5

46.1
803.4

46.8
810.1

55.8
831.1

57.6
839.8

58.9
875.6

61.3
799.1

62.3
831.1

61.5
864.2

58.9
852.4

23
24

25

Credit market instruments

639.4

652.6

709.6

659.9

665.5

669.4

653.2

638.7

649.8

666.9

651.8

25

72.9
450.9

89.2
452.8

120.9
468.0

106.7
443.5

142.8
410.0

155.7
402.5

173.1
377.5

160.4
375.3

165.1
381.9

190.0
377.0

183.4
367.1

26
27

58.7
2.8
13.1
42.8
52.2
4.7

59.2
3.0
9.9
46.4
47.6
3.9

70.5
3.5
13.2
53.8
47.0
3.1

63.2
4.3
5.9
53.1
45.9
0.5

68.6
5.1
5.1
58.4
44.0
0.2

67.6
4.7
5.5
57.4
43.6
0.1

59.7
4.7
4.9
50.1
42.8
0.1

61.0
4.4
3.9
52.8
41.9
0.1

60.9
4.6
3.7
52.7
41.8
0.2

59.2
4.9
4.4
49.9
40.7
0.1

60.9
5.3
5.9
49.8
40.2
0.3

28
29
30
31
32
33

44.9
0.0

49.1
0.0

49.9
0.0

47.8
0.0

37.6
0.0

46.3
0.0

45.9
0.0

43.7
0.0

45.5
0.0

47.2
0.0

47.0
0.0

34
35

1404.4
32.4
2.1
1196.0
173.9

1719.8
33.9
2.7
1414.4
268.8

1881.2
35.4
2.8
1531.6
311.5

2085.6
37.1
2.7
1686.6
359.2

2391.8
38.6
2.8
1840.0
510.4

2554.9
38.9
2.8
1884.6
628.7

2280.0
39.3
2.8
1922.3
315.6

2269.9
39.7
2.9
1969.8
257.5

2475.8
40.0
3.0
2013.8
419.0

2519.8
40.3
3.1
2065.0
411.4

2639.7
40.8
3.1
2131.5
464.3

36
37
38
39
40

1475.0

2003.7

1852.8

1612.7

1345.1

1269.9

1516.3

1661.0

1957.9

2051.2

2075.7

41

26
27

Commercial paper
Bonds

28
29
30
31
32
33

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

34
35

Trade payables
Security debt

36
37
38
39
40

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

41

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, 2004

L.108 Monetary Authority (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

566.8

696.9

636.0

683.0

753.6

756.7

769.0

778.9

796.9

788.0

807.8

1

2
3
4

Gold and foreign exchange
SDR certificates
Treasury currency

30.7
9.2
26.3

27.1
6.2
28.0

26.6
2.2
31.6

25.5
2.2
33.0

27.9
2.2
34.6

28.3
2.2
34.8

28.8
2.2
35.1

29.6
2.2
35.3

30.8
2.2
35.5

30.9
2.2
35.8

30.4
2.2
36.0

2
3
4

5
6
7

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

1.6
0.0
30.4

-0.2
0.2
140.6

0.9
0.1
43.4

-0.0
0.0
50.3

0.4
0.0
39.5

-1.2
0.0
31.8

-0.5
0.8
31.8

-0.5
0.2
37.5

-0.3
0.1
43.8

-0.6
0.1
27.5

0.2
0.3
33.5

5
6
7

8

Credit market instruments

452.5

478.1

511.8

551.7

629.4

641.5

652.1

656.1

666.7

674.1

687.4

8

0.0
452.1
0.3
0.0

0.0
478.0
0.2
0.0

0.0
511.7
0.1
0.0

0.0
551.7
0.0
0.0

0.0
629.4
0.0
0.0

0.0
641.5
0.0
0.0

0.0
652.1
0.0
0.0

0.0
656.1
0.0
0.0

0.0
666.7
0.0
0.0

0.0
674.1
0.0
0.0

0.0
687.4
0.0
0.0

9
10
11
12

16.1

16.8

19.3

20.3

19.6

19.3

18.9

18.5

18.2

18.1

17.8

13

560.9

690.5

629.2

675.7

745.3

747.2

760.0

768.7

788.0

778.3

798.1

14

9
10
11
12
13
14

Total financial assets

1999

Acceptances
Treasury securities
Agency- and GSE-backed securities
Bank loans n.e.c.
Miscellaneous assets
Total liabilities

15
16

Depository institution reserves
Vault cash of commercial banks

26.3
42.1

24.0
66.6

19.0
44.4

17.5
47.3

22.5
47.8

26.8
38.5

27.7
39.5

29.1
40.4

23.1
47.9

25.0
41.0

29.6
43.4

15
16

17
18
19
20

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

481.8
6.2
0.2
475.4

590.4
28.5
0.1
561.8

555.2
5.6
0.3
549.3

603.1
7.1
0.1
596.0

644.6
4.8
0.1
639.7

654.7
7.1
0.3
647.3

662.1
7.3
1.0
653.8

665.5
7.6
0.1
657.8

682.5
6.0
0.2
676.3

681.5
6.3
0.1
675.2

696.4
6.3
0.3
689.7

17
18
19
20

21
22
23

Miscellaneous liabilities
Federal Reserve Bank stock
Other

10.7
6.0
4.8

9.4
6.4
3.0

10.6
7.0
3.6

7.7
7.4
0.4

30.3
8.4
21.9

27.2
8.5
18.7

30.7
8.7
22.0

33.7
8.7
25.0

34.5
8.8
25.7

30.8
9.0
21.9

28.7
9.2
19.4

21
22
23

(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, 2004

L.109 Commercial Banking (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Total financial assets

2
3
4

Vault cash
Reserves at Federal Reserve
Checkable deposits and currency

5

Total bank credit

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

5628.6

5982.5

6468.7

6829.0

7329.2

7431.3

7618.1

7637.1

7808.3

8041.2

8197.8

1

42.1
24.4
2.0

66.6
19.3
2.2

44.4
17.4
1.7

47.3
15.2
2.8

47.8
19.5
2.5

38.5
24.0
3.0

39.5
25.0
3.0

40.4
25.7
2.4

47.9
19.1
2.5

41.0
19.9
3.2

43.4
23.4
2.7

2
3
4

4483.6

4788.5

5200.8

5411.3

5811.4

5891.8

6058.0

6060.8

6202.0

6402.8

6534.5

5

6
7

Treasury securities
Agency- and GSE-backed securities

214.1
663.2

228.9
699.6

184.5
721.8

162.7
777.4

205.8
917.9

136.6
961.2

126.8
1035.0

126.6
967.8

132.9
999.5

144.2
1094.5

140.9
1111.0

6
7

8
9

Municipal securities
Corporate and foreign bonds

104.8
180.9

110.8
220.5

114.1
278.6

120.2
376.4

121.7
379.1

123.2
470.9

127.1
473.6

131.9
483.7

132.5
507.1

133.9
525.4

137.2
519.2

8
9

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

3944.4
0.0
1421.0
1789.8
558.4
175.2

4163.8
0.0
1340.4
2058.3
587.2
177.9

4184.4
0.0
1302.3
2099.3
575.3
207.4

4272.6
0.0
1287.2
2192.9
584.2
208.3

4326.7
0.0
1260.2
2263.7
593.7
209.1

4398.0
0.0
1292.3
2255.8
636.4
213.5

4472.5
0.0
1279.3
2329.3
624.7
239.2

4594.3
0.0
1295.8
2435.9
625.8
236.8

10
11
12
13
14
15

6.8
9.1

11.3
12.4

11.9
15.0

8.9
21.3

3.5
19.6

2.0
13.5

6.7
16.3

9.7
14.5

15.1
17.1

16.0
16.2

15.7
16.2

16
17

11.3
1065.2

8.2
1097.7

7.5
1196.9

4.6
1347.9

4.6
1443.4

4.8
1469.1

4.5
1488.0

4.3
1503.5

4.4
1532.4

3.9
1570.5

4.4
1589.4

18
19

5505.7

5833.5

6407.1

6770.3

7330.6

7416.4

7592.8

7665.9

7846.8

8073.2

8243.3

20

10
11
12
13
14
15

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

16
17

Corporate equities
Mutual fund shares

18
19
20

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

21
22
23
24

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

121.0
1.7
-26.5
145.9

111.8
-0.0
-28.5
140.3

157.8
1.0
-4.3
161.1

126.6
0.0
11.1
115.5

135.5
0.5
15.3
119.7

110.2
-1.2
19.3
92.1

56.5
0.2
6.8
49.5

94.2
-0.3
18.1
76.4

131.9
-0.3
12.0
120.2

50.0
-0.5
14.7
35.9

56.8
0.5
24.4
31.9

21
22
23
24

25
26
27
28

Checkable deposits
Federal government
Rest of the world
Private domestic

622.9
13.2
28.6
581.1

626.4
49.6
28.6
548.2

540.9
16.4
30.7
493.8

628.8
47.5
25.8
555.6

571.5
31.1
25.2
515.3

540.5
8.5
26.9
505.1

584.3
26.7
41.3
516.3

563.1
29.8
32.7
500.6

602.4
30.2
33.2
539.0

597.0
17.5
36.3
543.2

621.5
40.6
47.9
533.1

25
26
27
28

29
30
31

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

1945.2
673.1
639.2

2017.1
792.6
750.0

2228.7
885.4
816.1

2478.1
918.1
786.5

2747.6
915.3
902.0

2833.2
940.3
931.7

2913.4
934.5
983.2

2935.1
933.3
936.2

2977.9
934.1
969.5

3079.1
992.3
1021.3

3148.6
1032.1
1062.5

29
30
31

32

Credit market instruments

382.1

449.3

509.3

562.1

611.8

627.5

639.3

638.6

661.0

703.2

710.2

32

56.9
220.2
104.9

63.1
240.6
145.6

63.6
273.2
172.4

55.4
310.2
196.6

52.9
332.2
226.8

49.4
352.9
225.2

44.2
359.7
235.5

45.2
361.2
232.2

46.6
379.1
235.3

61.0
389.0
253.3

56.2
402.7
251.4

33
34
35

7.1
1115.2

9.0
1077.4

11.1
1257.8

13.5
1256.6

16.2
1430.8

16.9
1416.1

17.6
1464.1

18.3
1547.2

19.1
1550.8

19.8
1610.3

20.6
1591.0

36
37

4336.1

4648.3

5006.3

5210.5

5614.9

5673.6

5831.3

5831.8

5960.8

6135.3

6270.1

38

33
34
35
36
37

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

38

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 15) less corporate equities (line 16) less mutual fund shares (line 17) plus customers’ liability on acceptances (line 18).

70

Z.1, September 16, 2004

L.110 U.S.-Chartered Commercial Banks
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Total financial assets

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

4080.6

4431.2

4774.1

5014.5

5427.1

5519.2

5683.7

5704.5

5839.8

5996.5

6141.8

1

65.5

84.4

61.3

61.9

66.1

61.3

63.4

63.7

66.2

59.7

65.9

2

3844.6

4164.5

4515.2

4718.6

5102.3

5158.3

5324.2

5350.0

5481.6

5650.8

5790.3

3

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

124.8
578.9
301.5
115.9
161.5

122.8
608.3
283.7
120.9
203.8

87.9
626.5
297.8
111.0
217.6

56.5
700.2
350.6
168.2
181.4

86.4
821.3
434.9
159.1
227.4

89.3
866.4
466.2
179.5
220.7

77.9
936.0
526.1
179.3
230.5

81.2
872.5
472.2
158.5
241.8

93.5
906.4
491.5
161.4
253.5

102.6
1001.0
578.1
166.6
256.3

100.9
1012.4
586.9
158.9
266.6

4
5
6
7
8

9
10
11
12
13

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

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

119.7
278.5
25.3
59.3
193.9

121.2
283.5
12.0
67.4
204.2

122.7
288.5
10.6
78.1
199.8

126.6
281.8
10.3
78.4
193.0

131.3
302.3
11.4
84.2
206.7

131.9
330.6
12.2
92.6
225.8

133.3
340.2
13.8
94.4
232.0

136.6
342.5
13.6
94.4
234.6

9
10
11
12
13

14
15
16
17
18
19

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

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

3533.6
0.0
1140.5
1752.8
558.4
81.9

3766.7
0.0
1081.9
2018.5
587.2
79.2

3775.8
0.0
1050.6
2058.5
575.3
91.5

3878.9
0.0
1039.3
2150.9
584.2
104.5

3938.6
0.0
1029.5
2216.1
593.7
99.4

3987.1
0.0
1045.5
2213.6
636.4
91.5

4041.4
0.0
1034.7
2286.0
624.7
96.0

4166.0
0.0
1050.3
2393.2
625.8
96.7

14
15
16
17
18
19

20
21

Corporate equities
Mutual fund shares

6.8
9.1

11.3
12.4

11.9
15.0

8.9
21.3

3.5
19.6

2.0
13.5

6.7
16.3

9.7
14.5

15.1
17.1

16.0
16.2

15.7
16.2

20
21

9.1
161.5

6.6
175.6

5.9
191.7

3.6
230.4

3.9
254.7

4.3
295.2

4.1
292.0

3.8
287.0

3.8
288.2

3.3
282.6

3.9
281.8

22
23

2

Vault cash and reserves at Federal Reserve

3

Total bank credit

4
5
6
7
8

22
23
24

Customers’ liab. on acceptances (1)
Miscellaneous assets

4353.3

4685.6

5169.7

5455.3

5948.0

6023.6

6189.5

6273.2

6422.7

6606.4

6789.9

24

25
26
27
28
29

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

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

138.2
-0.0
0.0
-17.8
155.9

192.4
0.4
0.0
0.2
191.8

177.7
-1.2
0.0
-15.2
194.0

133.0
-0.5
0.8
-61.5
194.3

173.5
-0.5
0.2
-57.8
231.6

219.1
-0.3
0.1
-65.2
284.6

183.7
-0.6
0.1
-75.0
259.3

215.9
0.2
0.3
-73.4
288.9

25
26
27
28
29

30
31
32
33

Checkable deposits
Federal government
Rest of the world
Private domestic

605.8
13.2
23.2
569.4

608.7
49.6
22.7
536.5

523.7
16.4
25.0
482.3

608.2
47.5
22.6
538.2

552.7
31.1
22.3
499.3

521.7
8.5
24.6
488.6

562.2
26.7
38.6
496.9

542.9
29.8
30.4
482.7

581.0
30.2
30.7
520.2

575.5
17.5
33.6
524.4

600.1
40.6
45.5
514.0

30
31
32
33

34
35
36

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

1924.4
404.1
538.4

1997.4
465.7
667.0

2208.0
553.6
682.4

2448.3
528.4
663.9

2722.0
552.7
737.4

2808.5
569.1
733.8

2888.4
572.5
777.3

2908.8
569.7
766.3

2950.2
555.7
806.0

3050.4
575.2
851.2

3119.9
596.0
879.6

34
35
36

37
38
39
40

Acceptance liabilities
Corporate bonds
Other loans and advances
Taxes payable

9.1
72.1
104.9
7.1

6.6
75.8
145.6
9.0

6.0
86.4
172.4
11.1

3.7
94.7
196.6
13.5

3.9
94.1
226.8
16.2

4.3
94.7
225.2
16.9

4.1
96.6
235.5
17.6

3.8
97.3
232.2
18.3

3.8
99.6
235.3
19.1

3.3
98.6
253.3
19.8

3.9
102.9
251.4
20.6

37
38
39
40

41
42
43

Miscellaneous liabilities
Investment by bank holding companies
Other

662.0
469.0
193.0

653.1
471.9
181.2

788.6
525.4
263.2

759.8
586.1
173.7

849.8
639.2
210.6

871.9
650.1
221.8

902.4
667.0
235.3

960.5
679.6
280.8

953.0
689.8
263.2

995.3
708.1
287.2

999.7
738.5
261.2

41
42
43

3761.4

4080.0

4419.5

4610.1

5003.9

5055.6

5200.8

5230.3

5361.7

5525.9

5665.5

44

Memo:
44

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 19) less corporate equities (line 20) less mutual fund shares (line 21) plus customers’ liability on acceptances (line 22).

71

Z.1, September 16, 2004

L.111 Foreign Banking Offices in U.S. (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Total financial assets

2

Reserves at Federal Reserve

3

Total bank credit

4
5
6
7

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

8
9
10
11
12

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

13

Corporate equities

14
15
16

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

806.5

750.9

789.4

791.9

801.1

778.5

750.1

728.0

732.5

738.1

705.6

1

1.0

1.4

0.5

0.6

1.2

1.1

1.1

2.4

0.9

1.1

0.9

2

568.7

543.0

610.2

603.0

615.0

634.4

620.9

599.6

607.1

635.5

623.5

3

84.8
67.4
0.0
46.9

94.5
72.4
0.0
42.4

94.0
72.7
0.0
50.7

103.8
50.7
0.0
81.3

116.7
61.6
0.0
81.6

44.3
60.0
0.0
164.0

44.5
63.1
0.0
167.2

40.1
54.8
0.0
165.5

34.2
52.5
0.0
160.9

36.6
51.1
0.0
169.6

33.8
54.2
0.0
161.8

4
5
6
7

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

367.2
0.0
256.1
17.9
93.3

355.2
0.0
237.5
19.0
98.7

366.1
0.0
231.2
18.9
115.9

346.2
0.0
223.1
19.3
103.8

339.2
0.0
205.7
23.7
109.8

359.6
0.0
220.4
17.2
121.9

378.1
0.0
217.6
17.4
143.1

373.7
0.0
218.6
15.0
140.1

8
9
10
11
12

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

13

2.2
234.5

1.6
204.9

1.6
177.1

1.0
187.2

0.6
184.2

0.5
142.5

0.4
127.6

0.5
125.5

0.6
123.9

0.5
101.0

0.6
80.6

14
15

828.8

776.4

818.4

824.8

838.4

817.0

789.8

769.0

774.7

781.6

750.4

16

93.2
92.7
0.4

48.2
41.5
6.7

7.4
-15.5
22.9

-9.3
-50.9
41.6

-51.6
-83.1
31.5

-61.1
-103.8
42.7

-78.8
-111.8
33.0

-84.6
-122.2
37.6

-92.8
-130.7
37.8

-139.0
-188.8
49.8

-165.6
-226.3
60.6

17
18
19

17
18
19

Net interbank liabilities
To foreign banks
To domestic banks

20
21
22

Checkable deposits
Small time and savings deposits
Large time deposits

8.6
9.4
257.6

9.1
7.5
314.8

8.7
7.2
318.2

9.1
11.6
371.5

8.4
9.4
346.4

8.0
8.7
355.2

10.0
8.9
346.0

8.8
9.7
346.9

9.4
10.3
361.0

9.0
11.2
399.6

8.5
10.8
418.1

20
21
22

23
24

Federal funds and security RPs (net)
Acceptance liabilities

100.4
2.4

82.5
2.0

134.8
2.0

123.9
1.1

163.4
0.7

191.8
0.5

197.1
0.5

167.7
0.5

161.5
0.6

168.8
0.6

181.5
0.6

23
24

25
26
27
28

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

357.3
46.1
90.6
220.6

312.2
62.0
93.0
157.2

340.1
64.2
138.7
137.2

316.9
67.2
107.9
141.9

361.8
76.8
132.6
152.4

314.0
80.4
128.3
105.3

306.2
80.3
124.8
101.0

320.0
80.8
118.3
120.9

324.8
87.5
130.8
106.4

331.5
88.0
157.9
85.6

296.5
89.7
137.4
69.4

25
26
27
28

504.5

487.4

511.3

510.7

516.9

519.0

517.6

490.3

485.8

492.9

484.0

29

Memo:
29

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 12) less corporate equities (line 13) plus customers’ liability on acceptances (line 14).

72

Z.1, September 16, 2004

L.112 Bank Holding Companies
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1
2
3
4
5
6
7
8
9
10
11

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

12
13
14

Net interbank liabilities
To domestic banks
To foreign banks

15

Federal funds and security RPs (net)

16
17
18

Credit market instruments
Commercial paper
Corporate bonds

19

Miscellaneous liabilities

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

685.9

741.2

841.9

942.4

1025.8

1056.5

1104.6

1121.0

1152.4

1219.0

1259.3

1

26.5

32.7

20.5

24.7

27.8

33.0

42.9

36.4

36.4

36.7

36.1

2

0.9
6.6
14.8
4.1

8.8
5.4
15.9
2.6

0.8
4.8
13.2
1.6

1.2
6.2
15.3
1.9

1.3
10.7
12.9
2.9

1.3
11.4
17.6
2.6

2.4
10.9
23.0
6.7

3.0
12.2
14.3
6.8

2.7
11.6
14.2
7.9

2.1
12.5
13.9
8.1

2.4
12.9
13.5
7.4

3
4
5
6

659.5
469.0
134.0
56.5

708.5
471.9
151.3
85.4

821.4
525.4
189.7
106.3

917.8
586.1
219.5
112.2

998.1
639.2
219.3
139.5

1023.5
650.1
227.8
145.7

1061.7
667.0
247.6
147.1

1084.7
679.6
255.2
149.9

1116.0
689.8
264.3
161.9

1182.3
708.1
292.8
181.4

1223.2
738.5
303.2
181.4

7
8
9
10

270.6

314.6

358.7

413.4

473.1

503.0

538.3

544.9

570.8

603.0

617.2

11

2.7
23.9
-21.3

6.7
32.1
-25.4

12.9
5.8
7.1

-2.3
-12.8
10.4

-5.3
-16.4
11.1

-6.4
-8.2
1.8

2.4
35.3
-32.9

5.3
38.3
-33.0

5.6
39.4
-33.8

5.4
39.9
-34.5

6.5
37.2
-30.8

12
13
14

0.4

0.5

-1.1

-1.2

1.2

6.2

8.8

2.2

2.1

1.2

1.4

15

193.5
45.4
148.1

219.3
54.5
164.8

242.5
55.7
186.8

266.1
50.6
215.5

286.4
48.3
238.1

302.8
44.6
258.2

302.7
39.6
263.1

304.8
40.9
263.9

321.8
42.3
279.5

347.5
57.1
290.4

351.5
51.7
299.8

16
17
18

74.1

88.1

104.4

150.8

190.9

200.4

224.5

232.7

241.4

249.0

257.9

19

80.2

75.2

77.1

79.8

83.5

83.6

87.7

91.1

1

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

Total financial assets

2

Checkable deposits and currency

3

Credit market instruments

4
5
6
7
8
9
10
11
12

55.5

59.2

63.3

2.0

2.2

1.7

2.8

2.5

3.0

3.0

2.4

2.5

3.2

2.7

2

43.8

48.3

55.0

65.0

66.3

66.1

70.0

74.9

76.9

79.9

84.5

3

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

3.6
10.2
0.5
1.0

2.8
13.5
0.6
0.5

1.8
17.8
0.7
0.8

1.2
20.3
0.5
1.4

1.5
24.2
0.5
1.1

1.6
23.4
0.5
0.8

2.0
25.0
0.5
1.7

2.3
28.3
0.6
1.6

2.5
28.9
0.6
1.4

2.8
29.9
0.6
1.6

3.7
31.5
0.6
1.4

4
5
6
7

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

16.3
7.5
4.8

16.9
8.1
6.0

18.0
9.1
6.8

22.5
8.2
11.0

18.2
9.7
11.2

18.0
10.6
11.3

18.2
11.1
11.6

18.1
11.5
12.4

18.5
12.2
12.8

19.0
12.7
13.2

19.5
13.8
13.9

8
9
10

9.7

8.7

6.6

12.5

6.4

7.9

6.8

6.3

4.3

4.6

3.9

11

Miscellaneous assets

53.1

56.9

60.4

76.8

71.1

72.7

75.2

78.8

78.6

82.2

85.8

12

13
14
15

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

8.5
11.4
11.4

8.5
12.2
12.2

8.4
13.6
13.6

11.5
18.1
18.1

10.4
16.2
16.2

10.8
16.0
16.0

12.0
16.1
16.1

11.3
16.7
16.7

11.9
17.5
17.5

12.6
17.5
17.5

13.0
18.0
18.0

13
14
15

16

Miscellaneous liabilities

21.9

24.1

24.8

29.0

28.3

29.8

31.1

34.1

31.7

34.6

36.9

16

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

73

Z.1, September 16, 2004

L.114 Savings Institutions (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Total financial assets

2
3
4
5

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

6

Credit market instruments

7
8
9
10
11
12

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

13
14
15
16
17

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

18
19
20

Other loans and advances
Mortgages
Consumer credit

21
22
23

Corporate equities
Miscellaneous assets
Total liabilities

24
25
26
27

Deposits
Checkable
Small time and savings
Large time

28

Security RPs

29
30
31
32

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

33
34
35
36

Taxes payable
Miscellaneous liabilities
Investment by parent
Other

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1088.6

1150.5

1217.7

1299.1

1357.4

1407.8

1437.1

1471.7

1475.2

1556.5

1597.8

1

1.9
18.4
1.5
14.8

4.7
17.4
1.3
10.6

1.7
19.0
1.4
14.9

2.3
21.0
2.2
27.4

3.0
24.7
2.6
27.1

2.8
23.9
2.6
29.7

2.7
27.4
2.7
25.6

3.4
25.9
2.7
24.8

3.9
24.3
2.6
21.0

5.1
25.0
3.0
31.2

6.3
28.2
3.2
26.3

2
3
4
5

965.5

1032.6

1088.8

1133.4

1167.0

1214.6

1239.0

1261.5

1293.3

1370.8

1408.9

6

0.0
10.2
143.7
117.2
0.0
26.5

0.0
10.1
147.1
115.7
0.0
31.4

0.0
8.7
140.4
109.0
0.0
31.4

0.0
11.4
161.4
115.7
0.0
45.7

0.0
9.2
176.2
132.7
0.0
43.5

0.0
9.2
186.1
141.0
0.0
45.2

0.0
10.0
192.4
142.0
0.0
50.3

0.0
11.2
193.3
136.2
0.0
57.1

0.0
12.2
198.7
138.1
0.0
60.6

0.0
12.2
228.5
125.0
44.4
59.1

0.0
10.8
221.3
123.6
42.3
55.4

7
8
9
10
11
12

2.5
88.6
13.2
0.0
75.4

3.0
111.9
18.4
0.0
93.6

3.2
109.4
19.0
0.0
90.4

4.5
83.9
13.2
0.0
70.7

5.5
79.9
10.6
0.0
69.3

5.5
81.9
9.6
0.0
72.3

5.8
75.4
9.5
0.0
65.9

6.3
68.6
10.0
0.0
58.6

6.3
71.1
10.7
0.0
60.4

6.5
65.0
9.4
41.9
13.8

6.5
59.9
8.8
38.5
12.6

13
14
15
16
17

24.2
644.0
52.4

30.6
668.1
61.7

39.3
723.0
64.8

42.9
758.2
71.1

46.2
781.4
68.7

47.4
815.9
68.6

48.2
833.6
73.8

57.4
852.1
72.7

56.3
870.9
77.9

49.6
927.5
81.5

55.5
966.5
88.4

18
19
20

24.5
62.1

23.8
60.0

24.2
67.6

27.9
84.9

29.1
103.9

29.9
104.2

30.6
109.1

31.1
122.4

30.4
99.7

28.2
93.3

27.9
97.0

21
22

1058.8

1119.6

1185.8

1264.1

1318.1

1367.4

1397.7

1430.3

1431.6

1515.6

1550.9

23

693.2
185.6
393.9
113.7

699.3
222.3
354.7
122.2

726.7
265.8
318.9
142.1

773.6
316.5
288.2
168.9

840.5
370.9
256.5
213.1

860.5
384.2
251.8
224.5

875.1
399.5
238.0
237.6

893.1
413.9
240.9
238.3

899.8
428.3
226.0
245.5

946.7
443.0
218.5
285.2

955.9
459.5
205.6
290.8

24
25
26
27

51.3

72.7

66.7

72.4

57.4

60.8

64.6

65.6

77.5

74.1

71.2

28

212.4
2.6
29.7
180.1

260.4
2.7
14.0
243.7

287.7
6.3
21.5
260.0

285.7
3.6
23.0
259.1

262.3
3.4
27.2
231.7

257.2
4.8
15.1
237.3

256.7
4.8
15.9
236.0

262.3
5.0
15.4
241.8

268.3
5.1
13.9
249.3

267.2
6.0
14.3
247.0

308.0
5.0
14.6
288.5

29
30
31
32

2.0
99.8
5.4
94.4

2.0
85.1
6.0
79.2

2.5
102.3
6.6
95.7

1.7
130.7
7.4
123.3

1.5
156.4
8.3
148.1

1.4
187.4
8.5
178.9

1.4
199.8
8.8
191.0

1.6
207.9
9.1
198.9

1.3
184.6
9.3
175.3

1.8
225.7
9.6
216.1

1.6
214.2
9.9
204.3

33
34
35
36

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

74

Z.1, September 16, 2004

L.115 Credit Unions
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

391.5

414.5

441.1

505.5

560.8

589.2

609.4

612.5

617.3

634.5

643.0

1

9.1
23.4
6.8

26.4
16.6
9.3

26.7
15.5
4.0

36.8
23.0
2.5

38.4
24.5
1.7

54.8
28.7
4.4

52.4
27.6
2.4

45.6
27.3
2.8

41.5
26.4
1.6

50.4
27.5
4.3

39.8
28.7
2.6

2
3
4

324.2

351.7

379.7

421.2

463.9

473.7

495.3

517.7

514.5

524.6

542.3

5

0.4
13.1
58.4

1.9
9.6
61.3

1.2
8.2
60.9

2.4
7.4
80.6

3.6
7.8
97.3

2.9
7.3
107.2

3.4
8.7
116.2

3.1
9.1
125.7

1.6
8.9
115.5

2.3
8.5
120.3

1.8
9.9
121.6

6
7
8

9
10

Home mortgages
Consumer credit

96.9
155.4

111.0
167.9

124.9
184.4

141.3
189.6

159.4
195.7

162.3
194.0

168.1
198.9

176.5
203.4

182.6
205.9

185.9
207.6

196.0
212.9

9
10

11
12

Mutual fund shares
Miscellaneous assets

3.6
24.3

2.5
8.0

2.2
12.9

3.7
18.3

3.5
28.7

3.4
24.1

4.5
27.2

5.0
14.1

4.1
29.2

4.2
23.4

3.9
25.7

11
12

355.3

376.1

398.1

458.9

509.0

536.2

555.6

557.3

560.3

576.7

585.7

13

349.0
43.0
287.5
18.5

366.7
45.4
299.8
21.6

389.1
51.3
312.7
25.1

450.2
54.7
361.3
34.1

496.9
59.7
394.4
42.8

527.1
65.9
417.1
44.1

540.0
66.4
423.6
50.1

539.9
64.8
424.9
50.3

544.9
67.4
424.0
53.6

548.8
70.3
423.8
54.7

566.5
70.4
439.6
56.5

14
15
16
17

1.1
5.2

3.4
6.0

3.4
5.6

4.9
3.8

6.9
5.1

7.6
1.5

8.0
7.6

8.8
8.5

9.1
6.3

8.4
19.5

9.6
9.6

18
19

13

Total liabilities

14
15
16
17

Shares/deposits
Checkable
Small time and savings
Large time

18
19

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

976.3

1104.1

1067.8

929.1

807.9

786.5

843.8

851.7

899.0

921.5

928.4

1

54.4
0.3
7.8
46.2

62.7
0.3
8.7
53.7

69.8
0.2
8.9
60.6

65.1
0.7
11.7
52.8

65.2
0.0
11.1
54.1

65.2
0.1
13.3
51.8

65.1
0.2
15.4
49.5

65.1
0.3
17.6
47.2

65.1
0.4
19.8
44.9

65.1
0.5
22.0
42.7

63.2
0.6
22.1
40.4

2
3
4
5

194.1

222.0

222.8

194.7

195.6

194.9

194.3

193.7

193.2

196.4

197.3

6

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

16.5
17.3
39.4

17.1
17.3
45.2

14.7
16.3
45.5

11.6
11.5
35.1

11.4
11.2
34.2

11.3
11.1
33.6

11.2
11.0
32.9

11.1
10.9
32.2

11.0
10.9
31.6

10.9
10.9
31.7

10.8
10.9
31.8

7
8
9

Municipal securities
Corporate and foreign bonds
Mortgages

89.5
28.5
2.8

100.3
39.8
2.2

99.1
44.9
2.3

95.6
38.3
2.5

100.9
35.6
2.3

100.3
36.5
2.2

99.6
37.5
2.1

98.9
38.5
2.0

98.4
39.5
1.9

99.7
41.2
1.9

100.4
41.4
1.9

10
11
12

360.1
344.7

407.3
391.5

356.8
396.8

280.7
359.1

181.1
339.1

170.1
327.1

192.7
360.0

194.4
364.5

213.1
391.2

218.3
403.0

220.5
406.2

13
14

23.0

20.5

21.7

29.4

26.8

29.2

31.6

34.0

36.4

38.8

41.2

15

1001.0

1130.4

1095.8

960.7

840.9

819.6

877.0

885.0

932.4

955.0

961.9

16

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
11
12
13
14

Corporate equities
Mutual fund shares

15

Miscellaneous assets

16

Total liabilities (2)

(1) Personal trusts, estates, and non-managed personal agency accounts at banks, savings institutions, and national 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, 2004

L.117 Life Insurance Companies
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Total financial assets

2
3

Checkable deposits and currency
Money market fund shares

4

Credit market instruments

5
6
7
8
9
10
11

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

12
13

Corporate equities
Mutual fund shares

14

Miscellaneous assets

15

Total liabilities

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

2769.5

3067.9

3135.7

3224.6

3335.0

3420.8

3591.2

3664.6

3772.8

3894.6

3969.8

1

5.4
110.4

5.5
131.8

5.0
142.3

36.8
173.3

35.3
159.8

43.8
152.7

44.4
153.4

46.8
152.3

47.3
151.4

46.3
144.2

50.0
139.6

2
3

1828.0

1886.0

1943.9

2074.8

2307.8

2377.0

2436.5

2471.6

2488.3

2546.1

2599.8

4

73.4
71.3
217.0

75.8
62.8
224.4

71.2
58.1
235.4

59.3
53.7
253.5

74.0
78.5
330.9

77.9
77.6
338.4

74.2
76.4
345.0

75.7
74.1
346.9

55.9
71.8
348.9

61.4
73.3
357.0

57.2
74.8
365.1

5
6
7

18.4
1130.4
103.8
213.6

20.1
1173.2
99.0
230.8

19.1
1222.2
101.9
235.9

18.7
1342.4
104.1
243.0

19.9
1449.3
105.1
250.0

21.6
1505.6
104.7
251.2

23.3
1558.4
104.9
254.4

24.7
1588.6
104.4
257.3

26.1
1620.2
104.5
260.9

26.8
1661.2
104.4
262.0

27.4
1701.2
104.7
269.3

8
9
10
11

683.2
73.2

909.0
98.7

891.9
97.0

811.3
88.3

708.9
76.6

704.7
74.6

806.0
82.5

837.6
85.4

919.3
91.7

956.7
94.3

975.3
95.0

12
13

69.2

36.9

55.6

40.1

46.8

68.1

68.4

71.0

74.7

107.0

110.2

14

2599.7

2882.8

2942.8

3034.8

3140.4

3220.2

3373.8

3439.2

3539.4

3652.9

3724.1

15

16
17
18

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

2.5
684.7
1248.1

3.2
748.9
1428.1

2.5
782.7
1453.1

3.1
842.2
1462.1

5.1
881.6
1488.0

6.3
896.9
1506.3

6.6
919.9
1606.5

7.4
933.1
1646.6

8.0
972.7
1713.7

7.9
993.8
1760.7

8.6
1013.3
1800.9

16
17
18

19
20

Taxes payable
Miscellaneous liabilities

14.9
649.5

16.2
686.4

17.8
686.8

19.7
707.6

22.1
743.6

22.8
788.0

23.4
817.4

24.1
827.9

24.9
820.1

25.6
864.8

26.4
874.9

19
20

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

L.118 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

Treasury securities
Agency- and GSE-backed securities

7
8
9

Municipal securities
Corporate and foreign bonds
Commercial mortgages

10
11
12
13
14
15

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

876.4

872.7

862.0

859.9

929.8

948.5

993.2

1019.4

1060.1

1093.3

1116.2

1

4.0
42.7

4.3
28.3

3.7
38.3

13.1
30.2

25.9
44.4

30.2
42.0

36.1
48.8

35.1
51.0

34.6
52.8

31.1
52.2

30.3
50.4

2
3

521.1

518.2

509.4

518.4

558.3

572.3

584.7

601.9

625.2

651.5

669.5

4

70.4
69.7

60.6
75.5

52.1
84.1

52.0
94.2

61.2
113.2

61.9
113.4

62.3
113.3

63.2
113.9

64.7
115.4

67.4
120.3

69.3
123.6

5
6

208.1
171.1
2.0

199.0
181.1
1.9

184.1
187.5
1.6

173.8
196.4
1.9

183.0
198.9
2.0

192.0
203.0
2.0

200.7
206.5
1.9

211.2
211.7
1.9

224.2
218.9
2.1

233.6
228.1
2.1

240.1
234.4
2.2

7
8
9

200.1
61.5
47.0

207.9
63.6
50.6

194.3
64.6
51.8

173.9
69.9
54.4

152.3
74.8
74.1

147.4
79.3
77.3

162.9
81.6
79.0

167.3
82.3
81.9

182.7
79.3
85.5

188.3
82.4
87.7

190.5
85.3
90.2

10
11
12

543.1

551.8

562.7

597.0

647.9

663.8

676.7

695.3

690.7

702.9

716.3

13

15.4
527.7

17.4
534.4

19.7
543.0

22.4
574.6

25.6
622.3

26.5
637.3

27.4
649.3

28.4
667.0

29.3
661.4

30.3
672.6

31.4
685.0

14
15

76

Z.1, September 16, 2004

L.119 Private Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

4104.8

4571.2

4422.3

4039.7

3513.4

3458.3

3777.0

3867.6

4175.8

4278.1

4330.5

1

2
3
4
5

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

5.7
147.7
63.4
28.8

6.9
118.8
75.1
32.5

7.3
121.7
79.6
33.4

6.3
125.8
69.0
34.2

6.8
126.7
71.8
36.1

6.9
127.5
72.5
35.8

7.2
128.7
73.2
35.5

7.2
129.5
73.9
35.2

7.0
129.1
74.7
35.4

6.9
131.8
75.4
34.2

7.0
132.6
76.2
35.7

2
3
4
5

6

Credit market instruments

7
8
9
10
11

Total financial assets

1999

621.1

720.4

724.2

708.3

729.5

731.3

737.4

734.4

733.6

740.0

737.6

6

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

34.3
85.1
194.8

41.3
87.5
233.0

39.6
77.9
242.0

37.4
56.2
249.9

48.3
54.9
251.7

48.1
54.9
250.7

46.2
55.8
251.3

45.9
53.7
246.7

42.3
52.7
246.4

39.8
55.7
247.0

39.9
54.1
244.8

7
8
9

Corporate and foreign bonds
Mortgages

297.5
9.3

347.5
11.0

352.5
12.2

351.4
13.5

359.4
15.2

362.0
15.6

367.8
16.2

371.5
16.7

374.9
17.2

380.3
17.2

381.0
17.8

10
11

1947.9
668.2

2081.2
897.6

1956.1
873.7

1697.8
776.9

1288.2
634.6

1243.7
618.9

1449.3
714.3

1514.1
735.0

1709.2
824.5

1766.7
852.5

1797.0
865.9

12
13

12
13

Corporate equities
Mutual fund shares

14
15
16
17

Miscellaneous assets
Unallocated insurance contracts (2)
Contributions receivable
Other

622.2
384.6
114.9
122.7

638.9
396.4
107.3
135.3

626.4
381.4
108.5
136.5

621.3
372.2
109.8
139.3

619.8
366.5
111.1
142.2

621.6
367.1
111.4
143.1

631.4
377.9
111.8
141.8

638.2
385.1
112.1
141.0

662.2
406.5
112.4
143.3

670.5
413.9
113.0
143.6

678.6
419.7
113.3
145.5

14
15
16
17

18

Pension fund reserves (liabilities) (3)

4158.9

4628.9

4483.5

4104.6

3582.3

3528.2

3848.0

3939.6

4249.0

4352.2

4405.7

18

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

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

Total financial assets

1966.9

2242.8

2123.5

1968.5

1737.7

1695.2

1828.2

1865.1

1989.0

2022.7

2046.8

1

10.0
2.0
37.5

9.2
1.7
40.4

9.1
1.1
44.7

9.5
0.6
45.3

7.7
0.7
45.5

7.4
1.0
43.4

5.5
0.6
38.3

5.5
0.6
38.2

7.0
0.8
36.3

7.8
0.9
35.2

8.9
1.0
31.3

2
3
4

663.2

702.8

752.0

715.2

708.0

703.0

717.1

711.7

728.9

737.3

751.9

5

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

37.5
212.6
106.1

40.4
198.8
129.0

44.7
177.9
166.6

45.3
152.4
152.1

45.5
144.1
151.8

43.4
140.9
156.2

38.3
148.1
161.3

38.2
141.6
156.2

41.3
147.4
158.5

45.2
145.2
157.1

47.3
152.0
157.5

6
7
8

Municipal securities
Corporate and foreign bonds
Mortgages

3.3
279.6
24.1

3.0
310.0
21.5

1.6
339.7
21.5

1.4
339.1
24.9

0.5
334.5
31.6

0.5
328.1
33.9

0.4
332.7
36.3

1.8
334.8
39.0

0.7
339.2
41.9

0.9
343.9
45.0

0.5
346.4
48.3

9
10
11

1188.1
66.1

1407.7
81.0

1223.1
93.5

1084.0
113.8

869.8
105.9

841.9
98.6

960.0
106.7

981.8
127.2

1084.4
131.6

1102.6
138.8

1116.7
137.0

12
13

1998.2

2278.3

2165.4

2015.4

1787.2

1745.0

1878.2

1915.1

2038.9

2072.3

2096.0

14

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

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.

L.121 Federal Government Retirement Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1
2
3
4
5
6
7
8

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

718.0

776.2

799.2

862.0

896.6

885.0

907.2

922.9

959.0

952.2

964.1

1

30.2

33.1

35.1

44.8

57.8

64.9

65.5

65.3

64.1

64.3

66.0

2

28.1
1.3
0.8

31.0
1.3
0.8

33.0
1.4
0.8

40.2
3.1
1.6

49.6
5.5
2.8

53.4
7.7
3.9

53.9
7.7
3.9

54.6
7.1
3.6

54.3
6.5
3.3

54.8
6.3
3.2

56.8
6.1
3.1

3
4
5

44.9
642.9

59.1
684.0

59.1
704.9

51.4
765.8

48.5
790.3

52.3
767.8

63.1
778.6

69.4
788.1

79.9
815.0

86.7
801.2

88.8
809.2

6
7

718.0

776.2

799.2

862.0

896.6

885.0

907.2

922.9

959.0

952.2

964.1

8

(1) Includes the Federal Employees Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.
(2) Liabilities of the sector are assets of the household sector.

77

Z.1, September 16, 2004

L.122 Money Market Mutual Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1329.7

1578.8

1812.1

2240.7

2223.9

2156.1

2120.1

2058.0

2016.0

1971.9

1912.3

1

2
3
4
5

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

30.6
-1.0
127.0
139.5

42.9
-2.2
160.4
139.6

91.1
2.2
142.4
183.0

124.2
4.6
219.5
227.0

114.1
-1.3
204.6
273.2

101.1
-1.7
193.4
262.1

88.6
-8.1
183.8
258.8

82.4
-6.5
184.4
229.0

74.2
-1.9
156.9
251.4

73.2
-10.7
158.2
269.0

88.8
1.1
162.2
254.4

2
3
4
5

6

Credit market instruments

965.9

1147.8

1290.9

1536.9

1511.6

1485.5

1479.6

1438.1

1398.5

1344.7

1271.3

6

414.2
103.6
173.8
193.0
81.2

519.0
103.8
190.9
210.4
123.7

608.6
90.4
185.2
244.7
161.9

638.9
135.7
318.4
281.0
163.0

594.0
140.2
324.1
282.8
170.7

543.5
148.2
318.1
292.7
183.0

517.5
144.3
326.8
298.6
192.4

471.7
134.2
350.9
296.5
184.9

458.9
130.2
326.2
297.3
185.9

432.2
125.7
300.0
306.7
180.0

404.8
102.4
275.7
304.7
183.8

7
8
9
10
11

7
8
9
10
11
12
13

Total financial assets

1999

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

67.7

90.4

102.5

128.6

121.6

115.8

117.4

130.6

137.0

137.4

134.4

12

1329.7

1578.8

1812.1

2240.7

2223.9

2156.1

2120.1

2058.0

2016.0

1971.9

1912.3

13

4242.6

4653.2

4901.2

4969.7

1

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

L.123 Mutual Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total financial assets

2

Security RPs

3

Credit market instruments

4
5
6
7
8
9
10
11

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

3613.1

4538.5

4435.3

4135.5

3638.4

3587.8

4071.6

70.9

80.8

106.5

74.8

81.5

81.4

82.3

83.5

94.0

88.5

91.9

2

1028.4

1076.8

1097.7

1223.8

1368.0

1415.6

1480.9

1478.5

1505.7

1552.6

1555.5

3

70.9
141.0
234.9
242.6
339.0

80.8
117.3
271.1
239.4
368.2

106.5
123.6
275.2
230.5
361.9

74.8
115.1
360.5
253.4
420.1

63.0
134.7
422.0
277.3
470.9

62.8
142.8
435.0
282.8
492.1

63.9
152.2
451.9
292.3
520.6

65.2
147.2
444.4
289.8
531.9

75.8
144.1
447.3
290.2
548.3

70.4
149.0
462.5
295.6
575.1

73.7
148.4
460.7
288.8
583.8

4
5
6
7
8

2506.2
7.7

3376.7
4.2

3227.3
3.8

2836.1
0.8

2188.0
0.9

2089.1
1.7

2506.6
1.7

2677.5
3.1

3051.6
1.9

3257.0
3.1

3319.2
3.1

9
10

3613.1

4538.5

4435.3

4135.5

3638.4

3587.8

4071.6

4242.6

4653.2

4901.2

4969.7

11

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

L.124 Closed-End and Exchange-Traded Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Closed-end funds
1
2
3
4
5
6
7

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

148.8

152.1

141.9

139.5

150.8

157.5

178.2

194.4

205.6

221.2

229.1

1

101.2
8.8
60.7
31.8

110.8
7.6
69.7
33.5

105.3
6.7
67.7
30.9

108.5
6.7
74.7
27.1

117.1
3.9
86.0
27.1

123.6
4.0
87.1
32.5

138.6
4.7
86.7
47.2

149.3
5.1
88.8
55.4

153.3
5.3
89.3
58.7

155.5
6.7
88.8
60.0

161.2
7.2
90.2
63.7

2
3
4
5

47.6

41.3

36.6

31.1

33.7

33.9

39.6

45.1

52.3

65.8

67.9

6

148.8

152.1

141.9

139.5

150.8

157.5

178.2

194.4

205.6

221.2

229.1

7

15.6

33.9

65.6

83.0

102.0

100.6

121.3

119.5

150.8

161.3

178.4

8

0.0
0.0
0.0

0.0
0.0
0.0

0.0
0.0
0.0

0.0
0.0
0.0

3.7
2.0
1.8

3.4
1.5
1.9

3.5
1.3
2.3

3.9
1.8
2.2

4.5
2.1
2.4

5.7
3.0
2.8

6.6
3.7
2.9

9
10
11

15.6

33.9

65.6

83.0

98.2

97.2

117.7

115.5

146.3

155.6

171.8

12

15.6

33.9

65.6

83.0

102.0

100.6

121.3

119.5

150.8

161.3

178.4

13

Exchange-traded funds
8

Total financial assets

9
10
11

Credit market instruments
Treasury securities
Corporate and foreign bonds

12

Corporate equities

13

Total shares outstanding (liabilities)

78

Z.1, September 16, 2004

L.125 Government-Sponsored Enterprises (GSEs) (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1405.8

1723.2

1965.0

2309.4

2549.4

2602.3

2651.6

2758.8

2774.8

2788.6

2833.4

1

5.0
4.7
77.0

12.1
10.0
89.7

4.4
22.2
80.6

6.7
30.3
104.4

14.8
25.3
95.3

18.1
23.1
78.8

13.6
27.2
90.0

12.3
18.6
72.7

12.4
16.7
73.3

13.9
21.7
77.6

14.7
27.9
65.9

2
3
4

1251.5

1538.8

1794.4

2099.1

2323.2

2376.9

2401.3

2550.2

2565.0

2557.5

2608.9

5

56.2
25.2
482.7

23.9
30.9
655.6

31.1
13.3
810.9

33.8
13.6
1017.8

10.4
25.7
1149.5

11.1
25.2
1167.5

9.1
25.4
1153.4

8.4
23.9
1261.0

9.7
23.6
1246.8

10.4
23.7
1221.3

10.0
24.5
1228.5

6
7
8

19.2
68.7

22.7
97.5

29.2
131.1

35.4
155.7

39.4
189.3

38.9
197.1

38.8
198.1

40.4
205.2

41.3
214.4

42.6
214.7

45.8
226.7

9
10

9
10

Municipal securities
Corporate and foreign bonds

11
12
13
14

Other loans and advances
Sallie Mae
Farm Credit System
FHLB

324.2
1.1
34.9
288.2

432.3
0.8
35.8
395.7

477.6
0.8
38.9
437.9

505.9
0.8
41.8
463.3

514.7
0.4
43.8
470.5

519.9
0.4
43.1
476.3

529.2
0.4
42.8
486.0

533.1
0.4
42.5
490.3

545.8
0.3
43.8
501.7

561.2
0.3
44.3
516.6

601.5
0.2
43.2
558.1

11
12
13
14

15
16
17
18
19

Mortgages
Home
Multifamily residential
Farm
Consumer credit (2)

247.0
199.6
16.2
31.2
28.4

242.0
189.3
20.5
32.2
33.8

264.3
205.1
25.0
34.2
37.0

297.5
225.6
33.2
38.7
39.4

357.3
271.1
41.7
44.5
36.9

381.9
293.8
42.9
45.2
35.3

416.0
324.5
44.8
46.6
31.3

451.1
359.6
44.6
47.0
27.2

462.8
369.6
45.9
47.4
20.6

467.6
372.4
47.1
48.0
16.0

469.7
371.5
49.2
49.0
2.2

15
16
17
18
19

67.6

72.5

63.4

68.9

90.9

105.3

119.6

104.9

107.3

118.0

116.1

20

1371.0

1684.3

1920.5

2272.0

2519.6

2575.0

2621.9

2729.6

2736.7

2752.4

2788.1

21

1275.4
1275.4
0.0

1594.2
1594.2
0.0

1826.4
1826.4
0.0

2130.6
2130.6
0.0

2350.4
2350.4
0.0

2406.1
2406.1
0.0

2454.0
2454.0
0.0

2569.2
2569.2
0.0

2594.1
2594.1
0.0

2598.7
2598.7
0.0

2657.3
2657.3
0.0

22
23
24

95.6

90.1

94.0

141.5

169.2

168.9

167.9

160.5

142.5

153.8

130.8

25

20
21

Miscellaneous assets
Total liabilities

22
23
24

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

25

Miscellaneous liabilities

(1) Federal Home Loan Banks, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Agricultural 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 SLM Corporation, a private company chartered in 1997.
(2) SLMA student loans.
(3) Such issues are classified as agency- and GSE-backed securities.

L.126 Agency- and GSE-backed Mortgage Pools (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

2019.0

2293.5

2493.2

2831.8

3158.6

3226.6

3289.1

3371.3

3489.0

3506.4

3519.8

1

2
3
4
5

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

1970.2
48.3
0.0
0.5

2234.7
57.5
0.0
1.3

2425.6
66.0
0.0
1.6

2748.5
81.6
0.0
1.7

3063.7
94.5
0.0
0.4

3129.7
96.6
0.0
0.3

3189.9
98.9
0.0
0.3

3265.4
104.9
0.0
1.0

3373.3
114.7
0.0
1.0

3394.0
111.4
0.0
1.0

3403.1
115.8
0.0
1.0

2
3
4
5

6

Total pool securities (liabilities)(2)

2019.0

2293.5

2493.2

2831.8

3158.6

3226.6

3289.1

3371.3

3489.0

3506.4

3519.8

6

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

79

Z.1, September 16, 2004

L.127 Issuers of Asset-Backed Securities (ABSs)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1352.6

1547.1

1737.2

1990.9

2185.5

2240.4

2301.1

2337.4

2386.8

2410.3

2487.3

1

2
3

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

193.5
85.9

230.3
82.6

238.6
89.8

252.8
108.3

299.4
105.0

290.4
112.5

294.9
108.4

322.5
102.7

308.2
103.9

272.5
101.3

264.9
101.9

2
3

4
5
6
7

Mortgages (2)
Home
Multifamily residential
Commercial

517.9
360.6
33.9
123.4

598.7
399.4
42.0
157.3

667.4
432.8
47.5
187.1

784.3
505.0
53.5
225.7

874.4
563.2
59.0
252.1

922.2
606.3
59.6
256.2

974.0
642.2
61.7
270.1

999.9
656.4
63.7
279.8

1058.9
696.1
67.1
295.7

1128.5
754.7
69.0
304.8

1210.6
818.6
70.5
321.5

4
5
6
7

8
9

Consumer credit
Trade receivables

389.4
165.9

448.4
187.0

521.3
220.0

599.7
245.9

637.1
269.7

640.2
275.2

643.3
280.5

626.6
285.7

625.0
290.8

612.3
295.7

609.6
300.4

8
9

1365.3

1556.8

1743.8

1997.8

2191.2

2246.6

2307.1

2343.2

2392.3

2415.6

2492.4

10

381.8
983.5

520.8
1036.0

645.8
1097.9

765.8
1231.9

752.8
1438.4

728.3
1518.3

719.8
1587.3

731.0
1612.1

717.3
1675.1

710.1
1705.5

698.3
1794.1

11
12

12.7
13.9

9.7
12.9

6.6
10.7

6.8
9.5

5.7
15.6

6.2
16.5

6.0
19.7

5.7
25.6

5.5
30.6

5.3
36.0

5.1
42.3

13
14

10
11
12

13
14

Total financial assets

1999

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

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.
(2) Mortgages backing privately issued pool securities and privately issued CMOs.
(3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).
The leased automobile is a tangible asset.
(4) Included in table L.130.

L.128 Finance Companies (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total financial assets

852.7

1003.5

1140.1

1158.9

1192.6

1190.5

1246.8

1336.4

1382.6

1399.9

1385.6

1

22.8

25.3

27.9

30.8

33.8

34.6

35.4

36.2

37.1

37.9

38.8

2

2

Checkable deposits and currency

3
4
5
6

Credit market instruments
Other loans and advances
Mortgages
Consumer credit

645.5
340.9
121.2
183.3

742.6
395.1
145.8
201.6

851.2
458.4
172.3
220.5

846.4
447.0
161.3
238.1

867.6
455.3
174.5
237.8

861.1
453.9
173.9
233.2

883.5
455.8
183.4
244.3

924.2
445.6
194.7
284.0

951.8
457.5
198.9
295.4

989.2
475.6
206.2
307.4

1009.3
471.3
213.3
324.7

3
4
5
6

7

Miscellaneous assets

184.4

235.7

261.0

281.8

291.3

294.9

327.9

375.9

393.7

372.7

337.6

7

856.6

995.3

1161.4

1182.7

1246.9

1245.8

1325.4

1415.3

1467.6

1504.7

1502.7

8

625.5
233.3
365.6
26.5

696.1
230.4
430.3
35.4

778.0
238.8
503.2
35.9

779.2
158.6
569.9
50.8

821.4
141.5
631.9
48.0

820.0
127.3
645.4
47.3

871.0
145.3
672.5
53.2

896.3
132.9
705.8
57.6

938.7
136.3
746.2
56.2

958.1
138.6
759.7
59.8

962.2
140.6
768.9
52.6

9
10
11
12

7.3

8.1

9.1

10.2

11.6

12.0

12.4

12.8

13.2

13.6

14.1

13

223.8
37.2
34.3
152.3

291.1
48.6
87.8
154.6

374.3
63.2
102.5
208.5

393.2
68.6
99.2
225.4

413.9
60.1
88.2
265.6

413.8
77.0
87.2
249.6

442.1
78.1
96.0
267.9

506.2
81.0
95.8
329.4

515.7
64.9
99.8
351.1

533.0
66.4
104.8
361.7

526.4
71.7
107.9
346.8

14
15
16
17

96.6

102.9

108.2

103.5

83.3

81.8

76.7

75.4

70.0

66.6

65.0

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.127.

80

Z.1, September 16, 2004

L.129 Mortgage Companies (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003
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

2004
Q3

Q4

Q1

Q2

32.1

32.1

32.1

32.1

32.1

32.1

32.1

32.1

32.1

32.1

32.1

1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

21.8
5.2
5.1

2
3
4

32.1

32.1

32.1

32.1

32.1

32.1

32.1

32.1

32.1

32.1

32.1

5

16.0
16.0

16.0
16.0

16.0
16.0

16.0
16.0

16.0
16.0

16.0
16.0

16.0
16.0

16.0
16.0

16.0
16.0

16.0
16.0

16.0
16.0

6
7

70.2

92.8

92.8

101.0

108.0

114.3

133.2

143.1

1

(1) No data are available after 1997:Q4.

L.130 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

70.7

68.4

62.1

4.1

4.4

4.3

5.2

4.6

5.8

5.7

7.2

7.4

7.8

8.8

2

45.5

42.9

35.8

42.5

65.6

63.5

71.2

75.9

82.4

96.8

104.7

3

4
5

Agency- and GSE-backed securities
Corporate and foreign bonds

13.1
6.1

14.2
5.7

14.5
4.9

20.2
7.0

28.3
11.7

24.5
12.5

26.3
11.4

22.4
13.4

23.0
13.9

29.3
16.0

27.9
16.7

4
5

6
7
8
9

Mortgages
Home
Multifamily residential
Commercial

26.3
14.8
2.1
9.4

23.0
12.4
1.6
9.0

16.3
7.9
1.2
7.3

15.2
7.9
0.9
6.4

25.7
17.4
0.8
7.5

26.5
18.4
0.8
7.3

33.5
25.3
0.8
7.5

40.1
31.6
0.7
7.8

45.5
36.4
0.8
8.3

51.5
41.2
1.1
9.2

60.2
49.3
1.2
9.7

6
7
8
9

21.2

21.1

22.0

22.5

22.6

23.5

24.1

25.0

24.4

28.6

29.6

10

205.6

216.8

217.5

227.8

262.4

263.6

271.8

278.6

286.5

308.8

321.8

11

10

Miscellaneous assets

11

Total liabilities

12

Security RPs

13
14
15
16
17

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

18

Miscellaneous liabilities

19
20
21
22
23

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

15.1

15.7

11.9

19.7

33.2

30.4

35.0

33.4

34.5

40.3

43.2

12

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

170.2
0.8
70.8
14.4
84.2

190.0
0.9
84.9
14.1
90.1

194.4
1.3
89.3
14.5
89.2

197.6
0.4
93.6
13.5
90.1

206.7
0.7
100.4
13.7
92.0

214.7
0.4
106.2
14.2
93.9

228.7
0.0
116.3
13.9
98.5

239.9
0.0
122.5
15.5
101.8

13
14
15
16
17

31.6

36.0

37.8

37.9

39.2

38.8

39.3

38.4

37.2

39.8

38.8

18

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

9.5
2.6
6.5
0.3
0.1

15.6
1.3
13.8
0.3
0.1

16.5
1.0
15.1
0.3
0.1

19.7
0.7
18.6
0.3
0.1

25.6
0.4
24.8
0.3
0.1

30.6
0.3
30.0
0.3
0.1

36.0
0.2
35.5
0.2
0.1

42.3
0.2
41.9
0.2
0.1

19
20
21
22
23

81

Z.1, September 16, 2004

L.131 Security Brokers and Dealers
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Total financial assets

2

Checkable deposits and currency

3

Credit market instruments

4
5
6
7
8
9
10
11
12

Open market paper
Treasury securities
Agency- and GSE-backed securities
Municipal securities
Corporate and foreign bonds
Corporate equities
Security credit
Miscellaneous assets
Total liabilities

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

921.2

1001.0

1221.4

1465.6

1335.4

1385.5

1512.1

1560.7

1613.0

1728.8

1675.5

1

25.4

28.7

30.3

47.1

44.2

44.2

43.6

43.9

47.2

53.0

53.1

2

189.4

154.7

223.6

316.0

344.4

390.9

341.1

375.0

424.1

410.6

332.5

3

28.0
15.8
50.9
13.1
81.4

26.0
-42.6
66.0
11.9
93.4

39.2
-3.3
63.7
11.3
112.7

48.2
9.8
77.8
19.0
161.3

43.5
-3.9
91.8
21.0
192.0

46.7
17.5
128.1
19.2
179.4

41.9
-63.2
139.4
22.1
201.0

46.1
8.1
85.8
24.1
210.8

49.4
37.8
83.7
24.9
228.4

49.5
15.9
93.8
25.3
226.1

48.9
-75.1
86.3
30.3
242.1

4
5
6
7
8

54.4
152.8
499.3

66.9
227.9
522.8

77.2
235.1
655.1

85.1
196.4
821.0

74.9
148.2
723.7

67.7
159.5
723.2

87.6
248.5
791.3

86.8
227.6
827.5

100.5
182.5
858.8

113.8
201.2
950.3

118.2
215.6
956.1

9
10
11

866.8

935.8

1151.4

1440.8

1314.7

1362.3

1485.9

1529.3

1582.8

1696.1

1643.7

12

13
14

Security RPs (net)
Corporate bonds

208.2
42.5

245.2
25.3

302.2
40.9

353.2
42.3

344.2
40.6

335.2
50.2

358.0
46.2

411.4
48.6

477.9
47.0

494.9
60.0

408.3
60.7

13
14

15
16
17
18
19

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

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

39.2
629.5
454.3
175.2
1.9

37.4
590.6
412.7
177.9
1.3

28.5
637.1
429.6
207.4
1.6

35.3
723.4
515.1
208.3
1.9

32.5
712.6
503.4
209.1
2.0

28.2
688.8
475.4
213.5
1.8

34.6
752.1
513.0
239.2
1.9

32.0
763.1
526.3
236.8
2.0

15
16
17
18
19

20
21
22
23

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

176.4
10.7
353.5
-187.8

183.6
13.9
415.5
-245.8

182.7
20.1
475.7
-313.1

374.6
72.2
538.6
-236.1

300.5
77.4
558.5
-335.4

309.7
76.9
584.6
-351.9

321.1
78.9
582.1
-339.9

322.2
78.5
584.3
-340.6

339.2
80.2
602.8
-343.8

352.6
79.8
605.6
-332.8

377.6
80.1
651.7
-354.2

20
21
22
23

L.132 Funding Corporations (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1

Total financial assets

765.3

997.6

1111.4

1146.3

1121.3

1142.2

1143.6

1170.5

1173.8

1214.5

1241.9

1

2

Money market fund shares

215.4

270.2

284.0

401.9

403.4

362.9

389.9

402.8

365.2

354.0

369.5

2

3
4
5

Credit market instruments
Open market paper
Corporate and foreign bonds

201.2
163.7
37.6

304.3
270.5
33.8

328.8
303.9
24.9

244.4
173.6
70.8

177.7
106.3
71.4

225.9
138.2
87.7

221.5
122.4
99.1

247.2
134.0
113.1

263.9
137.6
126.3

311.8
197.8
114.0

306.7
188.4
118.3

3
4
5

6
7
8

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

348.7
90.6
258.2

423.1
93.0
330.1

498.6
138.7
359.9

500.0
107.9
392.2

540.2
132.6
407.6

553.4
128.3
425.1

532.2
124.8
407.4

520.5
118.3
402.2

544.6
130.8
413.8

548.8
157.9
390.8

565.7
137.4
428.3

6
7
8

765.3

997.6

1111.4

1146.3

1121.3

1142.2

1143.6

1170.5

1173.8

1214.5

1241.9

9

10
11
12

9

Total liabilities
Credit market instruments
Open market paper
Corporate bonds

412.6
234.4
178.2

504.0
268.5
235.5

503.7
266.2
237.5

448.4
188.8
259.7

447.9
157.7
290.1

462.7
170.2
292.6

426.8
126.9
299.9

416.5
115.9
300.7

447.0
141.5
305.5

456.1
145.3
310.8

441.4
133.1
308.3

10
11
12

13
14
15
16

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

352.7
-63.9
403.3
13.4

493.6
-80.9
419.5
154.9

607.8
-5.1
508.2
104.7

697.8
51.6
578.3
68.0

673.5
92.3
575.4
5.7

679.5
90.6
567.7
21.1

716.8
105.4
628.9
-17.5

753.9
104.0
672.7
-22.7

726.8
97.6
678.0
-48.8

758.4
92.7
758.9
-93.2

800.4
124.2
753.8
-77.6

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, 2004

L.200 Gold and Official Foreign Exchange Holdings (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003
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

2004
Q3

Q4

Q1

Q2

81.8

71.5

67.6

68.7

79.0

80.0

81.7

84.4

85.9

85.2

82.7

1

21.6

21.4

21.6

21.8

23.2

22.4

22.8

23.1

23.7

23.7

23.7

2

10.6
11.0

10.3
11.0

10.5
11.0

10.8
11.0

12.2
11.0

11.4
11.0

11.7
11.0

12.1
11.0

12.6
11.0

12.7
11.0

12.7
11.0

3
4

60.1

50.1

46.1

46.8

55.8

57.6

58.9

61.3

62.3

61.5

58.9

5

Official foreign currency holdings
Treasury
Monetary authority

36.0
16.2
19.8

32.2
16.0
16.1

31.2
15.6
15.7

29.0
14.4
14.6

33.8
16.9
16.9

34.8
17.4
17.4

35.7
17.8
17.8

37.3
18.6
18.6

39.7
19.9
19.9

39.8
19.9
19.9

38.9
19.4
19.4

6
7
8

Net IMF position
Federal government
Monetary authority

24.1
24.2
-0.1

18.0
18.0
-0.1

14.8
14.9
-0.1

17.9
17.9
-0.1

22.0
22.1
-0.1

22.9
23.0
-0.1

23.2
23.3
-0.1

24.1
24.2
-0.1

22.5
22.6
-0.1

21.6
21.7
-0.1

20.1
20.2
-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

9.2
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

2.2
2.2

2.2
2.2

1
2

Treasury currency:
3
4

Liab: Federal government
Asset: Monetary authority

19.9
26.3

20.9
28.0

23.2
31.6

24.5
33.0

25.5
34.6

25.6
34.8

26.0
35.1

26.0
35.3

26.0
35.5

26.2
35.8

26.5
36.0

3
4

5

Discrepancy (seigniorage)

-6.4

-7.1

-8.5

-8.6

-9.1

-9.2

-9.1

-9.3

-9.5

-9.6

-9.5

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

627.6

676.5

803.4

810.1

831.1

839.8

875.6

799.1

831.1

864.2

852.4

1

38.3
30.5
30.6

43.5
31.5
42.9

63.5
24.0
91.1

58.5
15.5
124.2

74.2
20.0
114.1

80.7
25.0
101.1

74.8
29.5
88.6

70.3
35.5
82.4

65.2
41.4
74.2

84.9
44.6
73.2

90.1
48.0
88.8

2
3
4

528.1

558.6

624.7

611.9

622.9

633.1

682.6

610.9

650.4

661.5

625.5

5

83

Z.1, September 16, 2004

L.203 Net Interbank Transactions
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

189.4

202.4

221.2

191.4

205.9

175.5

123.8

163.7

202.9

116.0

129.8

1

68.4
26.3
42.1

90.6
24.0
66.6

63.4
19.0
44.4

64.8
17.5
47.3

70.4
22.5
47.8

65.3
26.8
38.5

67.3
27.7
39.5

69.5
29.1
40.4

71.0
23.1
47.9

65.9
25.0
41.0

73.0
29.6
43.4

2
3
4

121.0
1.7

111.8
-0.0

157.8
1.0

126.6
0.0

135.5
0.5

110.2
-1.2

56.5
0.2

94.2
-0.3

131.9
-0.3

50.0
-0.5

56.8
0.5

5
6

145.9

140.3

161.1

115.5

119.7

92.1

49.5

76.4

120.2

35.9

31.9

7

8
9
10
11

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

156.7
85.1
196.7
111.6

149.8
133.5
226.7
93.2

171.6
179.3
302.0
122.7

127.3
167.0
324.8
157.8

141.1
213.1
323.9
110.8

110.2
212.1
342.5
130.4

64.9
209.5
407.4
197.9

99.4
254.2
423.2
169.1

138.7
302.9
447.7
144.7

55.8
278.9
437.0
158.1

54.4
311.2
461.7
150.5

8
9
10
11

12
13
14

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

92.9
133.0
40.1

41.7
147.9
106.2

-14.8
133.6
148.4

-50.2
163.3
213.5

-83.0
176.2
259.3

-103.7
202.3
306.0

-111.6
248.9
360.5

-121.8
224.7
346.5

-130.5
195.8
326.3

-188.6
200.6
389.2

-226.0
197.6
423.6

12
13
14

15
16
17

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

-21.3
2.9
24.2

-25.4
8.3
33.8

7.1
39.3
32.2

10.4
51.4
41.0

11.1
53.4
42.4

1.8
44.0
42.2

-32.9
13.2
46.2

-33.0
12.3
45.3

-33.8
13.2
47.0

-34.5
13.9
48.4

-30.8
14.7
45.4

15
16
17

10.8
10.6
0.2

9.5
9.4
0.2

10.5
9.8
0.7

11.8
11.1
0.7

21.4
21.3
0.1

18.1
18.0
0.1

15.4
15.2
0.2

23.0
22.6
0.4

18.5
18.3
0.1

19.9
19.7
0.2

22.5
22.3
0.2

18
19
20

-26.5

-28.5

-4.3

11.1

15.3

19.3

6.8

18.1

12.0

14.7

24.4

21

-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

-17.8
59.6
47.9
0.7
11.1

0.2
75.8
58.8
1.7
15.3

-15.2
78.6
58.0
1.2
19.3

-61.5
79.8
71.4
1.6
6.8

-57.8
86.9
67.5
1.3
18.1

-65.2
73.6
60.0
1.6
12.0

-75.0
83.3
67.0
1.7
14.7

-73.4
96.5
70.3
1.7
24.4

22
23
24
25
26

56.3
24.8

78.9
32.8

86.0
6.4

89.5
-12.1

90.3
-14.7

100.8
-7.1

104.4
36.9

105.1
39.6

97.9
41.0

116.8
41.6

131.0
38.9

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

0.4
56.3
55.8

6.7
78.9
72.2

22.9
86.0
63.1

41.6
89.5
47.9

31.5
90.3
58.8

42.7
100.8
58.0

33.0
104.4
71.4

37.6
105.1
67.5

37.8
97.9
60.0

49.8
116.8
67.0

60.6
131.0
70.3

29
30
31

32
33
34

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

23.9
24.8
0.9

32.1
32.8
0.6

5.8
6.4
0.6

-12.8
-12.1
0.7

-16.4
-14.7
1.7

-8.2
-7.1
1.2

35.3
36.9
1.6

38.3
39.6
1.3

39.4
41.0
1.6

39.9
41.6
1.7

37.2
38.9
1.7

32
33
34

215.9

230.8

225.5

180.3

190.5

156.2

117.0

145.6

190.9

101.3

105.4

35

145.9

140.3

161.1

115.5

119.7

92.1

49.5

76.4

120.2

35.9

31.9

36

70.0

90.6

64.4

64.8

70.8

64.1

67.5

69.2

70.7

65.4

73.5

37

1.7
1.6
0.0

-0.0
-0.2
0.2

1.0
0.9
0.1

0.0
-0.0
0.0

0.5
0.4
0.0

-1.2
-1.2
0.0

0.2
-0.5
0.8

-0.3
-0.5
0.2

-0.3
-0.3
0.1

-0.5
-0.6
0.1

0.5
0.2
0.3

38
39
40

66.5
24.4
42.1

85.9
19.3
66.6

61.8
17.4
44.4

62.5
15.2
47.3

67.4
19.5
47.8

62.5
24.0
38.5

64.5
25.0
39.5

66.1
25.7
40.4

67.1
19.1
47.9

60.9
19.9
41.0

66.8
23.4
43.4

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.

1.9

4.7

1.7

2.3

3.0

2.8

2.7

3.4

3.9

5.1

6.3

44

-26.5

-28.5

-4.3

11.1

15.3

19.3

6.8

18.1

12.0

14.7

24.4

45

84

Z.1, September 16, 2004

L.204 Checkable Deposits and Currency
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1333.3

1484.5

1413.1

1603.2

1646.7

1645.3

1712.2

1707.2

1780.6

1791.8

1847.9

1

2
3
4
5

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

481.8
6.2
0.2
475.4

590.4
28.5
0.1
561.8

555.2
5.6
0.3
549.3

603.1
7.1
0.1
596.0

644.6
4.8
0.1
639.7

654.7
7.1
0.3
647.3

662.1
7.3
1.0
653.8

665.5
7.6
0.1
657.8

682.5
6.0
0.2
676.3

681.5
6.3
0.1
675.2

696.4
6.3
0.3
689.7

2
3
4
5

6
7
8
9

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

622.9
13.2
28.6
581.1

626.4
49.6
28.6
548.2

540.9
16.4
30.7
493.8

628.8
47.5
25.8
555.6

571.5
31.1
25.2
515.3

540.5
8.5
26.9
505.1

584.3
26.7
41.3
516.3

563.1
29.8
32.7
500.6

602.4
30.2
33.2
539.0

597.0
17.5
36.3
543.2

621.5
40.6
47.9
533.1

6
7
8
9

Savings institutions
Credit unions

185.6
43.0

222.3
45.4

265.8
51.3

316.5
54.7

370.9
59.7

384.2
65.9

399.5
66.4

413.9
64.8

428.3
67.4

443.0
70.3

459.5
70.4

10
11

10
11
12

Total liabilities

1999

1333.3

1484.5

1413.1

1603.2

1646.7

1645.3

1712.2

1707.2

1780.6

1791.8

1847.9

12

13

Total assets
Household sector

421.9

364.3

232.3

335.3

358.7

356.3

345.7

299.3

316.3

351.3

351.8

13

14
15
16
17

Nonfinancial business
Corporate
Nonfarm noncorporate
Farm

472.5
275.0
178.9
18.6

567.8
331.0
217.6
19.2

674.9
381.4
274.1
19.4

626.5
331.9
274.5
20.1

620.8
313.0
287.3
20.5

607.2
297.2
289.6
20.5

647.1
333.6
293.0
20.5

704.0
387.3
296.2
20.5

734.1
415.3
298.2
20.6

720.5
401.3
298.6
20.6

723.3
404.4
298.3
20.6

14
15
16
17

18
19

State and local governments
Federal government

28.3
23.2

32.2
87.9

33.2
24.3

38.2
66.9

46.7
47.5

44.9
23.3

48.9
41.8

48.9
53.3

55.2
54.1

53.2
22.7

47.4
46.8

18
19

20
21
22

Rest of the world
Checkable deposits
Currency

257.1
28.8
228.3

279.4
28.7
250.7

286.9
30.9
256.0

305.7
25.9
279.8

326.6
25.3
301.3

333.4
27.2
306.2

349.9
42.3
307.7

343.2
32.8
310.4

351.3
33.4
317.9

352.6
36.5
316.1

373.0
48.2
324.9

20
21
22

23

Financial sectors

111.1

140.4

141.9

221.4

237.2

271.1

266.5

261.8

266.6

273.0

284.0

23

24
25
26
27

Commercial banking
Savings institutions
Credit unions
Bank personal trusts and estates

2.0
18.4
9.1
0.3

2.2
17.4
26.4
0.3

1.7
19.0
26.7
0.2

2.8
21.0
36.8
0.7

2.5
24.7
38.4
0.0

3.0
23.9
54.8
0.1

3.0
27.4
52.4
0.2

2.4
25.9
45.6
0.3

2.5
24.3
41.5
0.4

3.2
25.0
50.4
0.5

2.7
28.2
39.8
0.6

24
25
26
27

28
29
30
31

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

5.4
4.0
5.7
10.0

5.5
4.3
6.9
9.2

5.0
3.7
7.3
9.1

36.8
13.1
6.3
9.5

35.3
25.9
6.8
7.7

43.8
30.2
6.9
7.4

44.4
36.1
7.2
5.5

46.8
35.1
7.2
5.5

47.3
34.6
7.0
7.0

46.3
31.1
6.9
7.8

50.0
30.3
7.0
8.9

28
29
30
31

32
33
34
35
36

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

-1.0
5.0
22.8
4.1
25.4

-2.2
12.1
25.3
4.4
28.7

2.2
4.4
27.9
4.3
30.3

4.6
6.7
30.8
5.2
47.1

-1.3
14.8
33.8
4.6
44.2

-1.7
18.1
34.6
5.8
44.2

-8.1
13.6
35.4
5.7
43.6

-6.5
12.3
36.2
7.2
43.9

-1.9
12.4
37.1
7.4
47.2

-10.7
13.9
37.9
7.8
53.0

1.1
14.7
38.8
8.8
53.1

32
33
34
35
36

19.3

12.5

19.7

9.2

9.2

9.0

12.2

-3.2

2.9

18.5

21.5

37

37

Mail float

85

Z.1, September 16, 2004

L.205 Time and Savings Deposits
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1
2

Total liabilities
Small time and savings deposits

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

3431.8

3608.0

3912.9

4248.8

4569.7

4711.0

4797.2

4822.7

4861.1

5053.7

5173.2

1

2626.5

2671.6

2860.4

3127.6

3398.5

3502.2

3575.0

3600.9

3627.9

3721.5

3793.8

2

1945.2
1924.4
9.4
11.4

2017.1
1997.4
7.5
12.2

2228.7
2208.0
7.2
13.6

2478.1
2448.3
11.6
18.1

2747.6
2722.0
9.4
16.2

2833.2
2808.5
8.7
16.0

2913.4
2888.4
8.9
16.1

2935.1
2908.8
9.7
16.7

2977.9
2950.2
10.3
17.5

3079.1
3050.4
11.2
17.5

3148.6
3119.9
10.8
18.0

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

393.9
287.5

354.7
299.8

318.9
312.7

288.2
361.3

256.5
394.4

251.8
417.1

238.0
423.6

240.9
424.9

226.0
424.0

218.5
423.8

205.6
439.6

7
8

9

Large time deposits (1)

805.3

936.4

1052.6

1121.1

1171.3

1208.8

1222.2

1221.8

1233.2

1332.2

1379.4

9

10
11
12
13

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

673.1
404.1
257.6
11.4

792.6
465.7
314.8
12.2

885.4
553.6
318.2
13.6

918.1
528.4
371.5
18.1

915.3
552.7
346.4
16.2

940.3
569.1
355.2
16.0

934.5
572.5
346.0
16.1

933.3
569.7
346.9
16.7

934.1
555.7
361.0
17.5

992.3
575.2
399.6
17.5

1032.1
596.0
418.1
18.0

10
11
12
13

14
15

Savings institutions
Credit unions

113.7
18.5

122.2
21.6

142.1
25.1

168.9
34.1

213.1
42.8

224.5
44.1

237.6
50.1

238.3
50.3

245.5
53.6

285.2
54.7

290.8
56.5

14
15

3431.8

3608.0

3912.9

4248.8

4569.7

4711.0

4797.2

4822.7

4861.1

5053.7

5173.2

16

2680.5

2799.1

3090.9

3298.8

3582.3

3728.3

3789.0

3858.9

3907.3

4084.1

4131.7

17

16

Total assets

17

Household sector

18
19
20

Nonfinancial business
Corporate
Nonfarm noncorporate

211.0
112.6
98.5

254.4
136.9
117.5

274.9
137.3
137.6

275.8
131.1
144.7

274.4
127.5
146.9

281.6
135.7
145.8

296.4
149.6
146.8

307.9
160.8
147.0

320.6
172.0
148.6

325.0
177.3
147.7

334.3
186.5
147.8

18
19
20

21
22
23

State and local governments
Federal government
Rest of the world

92.3
4.7
129.0

105.7
5.4
125.9

118.7
6.3
108.7

129.9
10.5
120.6

137.6
27.6
152.3

138.5
18.4
154.6

142.0
27.8
155.9

143.8
9.1
122.3

147.2
2.4
131.2

149.0
1.9
128.7

161.8
2.1
165.4

21
22
23

24

Financial sectors

314.2

317.5

313.2

413.1

395.5

389.6

386.1

380.6

352.4

365.1

377.8

24

1.5
23.4
7.8

1.3
16.6
8.7

1.4
15.5
8.9

2.2
23.0
11.7

2.6
24.5
11.1

2.6
28.7
13.3

2.7
27.6
15.4

2.7
27.3
17.6

2.6
26.4
19.8

3.0
27.5
22.0

3.2
28.7
22.1

25
26
27

147.7
2.0
127.0
4.7

118.8
1.7
160.4
10.0

121.7
1.1
142.4
22.2

125.8
0.6
219.5
30.3

126.7
0.7
204.6
25.3

127.5
1.0
193.4
23.1

128.7
0.6
183.8
27.2

129.5
0.6
184.4
18.6

129.1
0.8
156.9
16.7

131.8
0.9
158.2
21.7

132.6
1.0
162.2
27.9

28
29
30
31

25
26
27

Savings institutions
Credit unions
Bank personal trusts and estates

28
29
30
31

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

(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

1329.7

1578.8

1812.1

2240.7

2223.9

2156.1

2120.1

2058.0

2016.0

1971.9

1912.3

1

2
3
4
5

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

712.9
126.4
32.6
22.5

825.0
154.9
40.7
27.6

970.7
191.4
49.4
34.1

1129.2
301.9
59.0
53.7

1088.7
328.8
61.3
56.0

1077.8
324.1
60.0
54.3

1030.3
313.6
58.7
51.5

986.7
292.6
55.6
46.9

989.0
291.0
53.1
46.6

969.8
291.0
49.2
45.7

899.7
294.3
49.0
43.5

2
3
4
5

6
7
8
9

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

46.2
110.4
63.4
215.4

53.7
131.8
75.1
270.2

60.6
142.3
79.6
284.0

52.8
173.3
69.0
401.9

54.1
159.8
71.8
403.4

51.8
152.7
72.5
362.9

49.5
153.4
73.2
389.9

47.2
152.3
73.9
402.8

44.9
151.4
74.7
365.2

42.7
144.2
75.4
354.0

40.4
139.6
76.2
369.5

6
7
8
9

86

Z.1, September 16, 2004

L.207 Federal Funds and Security Repurchase Agreements
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

913.8

1083.6

1196.8

1231.8

1336.8

1358.1

1440.8

1446.6

1559.4

1630.5

1585.1

1

2
3
4
5

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

639.2
538.4
100.4
0.4

750.0
667.0
82.5
0.5

816.1
682.4
134.8
-1.1

786.5
663.9
123.9
-1.2

902.0
737.4
163.4
1.2

931.7
733.8
191.8
6.2

983.2
777.3
197.1
8.8

936.2
766.3
167.7
2.2

969.5
806.0
161.5
2.1

1021.3
851.2
168.8
1.2

1062.5
879.6
181.5
1.4

2
3
4
5

6
7
8

Savings institutions
REITs
Brokers and dealers (net)

51.3
15.1
208.2

72.7
15.7
245.2

66.7
11.9
302.2

72.4
19.7
353.2

57.4
33.2
344.2

60.8
30.4
335.2

64.6
35.0
358.0

65.6
33.4
411.4

77.5
34.5
477.9

74.1
40.3
494.9

71.2
43.2
408.3

6
7
8

678.7

809.2

804.1

888.3

973.3

1109.1

1120.5

1140.1

1218.9

1302.2

1291.1

9

9

Total liabilities

1999

Total assets

10
11
12

Nonfinancial corporate business
State and local governments
Rest of the world

4.2
154.2
72.0

5.8
151.6
79.9

4.2
159.8
91.3

4.0
137.6
150.7

6.2
132.7
190.1

5.8
133.4
360.5

6.2
136.3
364.6

7.3
137.9
420.3

5.8
140.7
462.9

6.9
144.7
530.7

7.1
140.2
552.0

10
11
12

13
14
15
16

Financial sectors
Monetary authority
Savings institutions
Credit unions

448.4
30.4
14.8
6.8

571.8
140.6
10.6
9.3

548.8
43.4
14.9
4.0

596.0
50.3
27.4
2.5

644.3
39.5
27.1
1.7

609.4
31.8
29.7
4.4

613.4
31.8
25.6
2.4

574.7
37.5
24.8
2.8

609.6
43.8
21.0
1.6

619.8
27.5
31.2
4.3

591.8
33.5
26.3
2.6

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

42.7
28.8
37.5
139.5
70.9
77.0

28.3
32.5
40.4
139.6
80.8
89.7

38.3
33.4
44.7
183.0
106.5
80.6

30.2
34.2
45.3
227.0
74.8
104.4

44.4
36.1
45.5
273.2
81.5
95.3

42.0
35.8
43.4
262.1
81.4
78.8

48.8
35.5
38.3
258.8
82.3
90.0

51.0
35.2
38.2
229.0
83.5
72.7

52.8
35.4
36.3
251.4
94.0
73.3

52.2
34.2
35.2
269.0
88.5
77.6

50.4
35.7
31.3
254.4
91.9
65.9

17
18
19
20
21
22

235.0

274.4

392.8

343.5

363.5

249.0

320.3

306.4

340.5

328.4

294.0

23

23

Discrepancy--unallocated assets

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

1172.6

1402.4

1614.0

1466.2

1374.7

1359.2

1317.1

1294.5

1293.1

1340.4

1314.2

1

1161.0

1393.8

1606.1

1461.4

1370.1

1354.4

1312.5

1290.2

1288.7

1336.5

1309.7

2

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

193.0
72.9
18.5
54.4

230.3
89.2
26.7
62.5

278.4
120.9
37.6
83.3

190.1
106.7
14.3
92.4

126.0
142.8
19.1
123.7

127.1
155.7
18.5
137.1

107.5
173.1
20.3
152.8

108.4
160.4
16.7
143.7

85.9
165.1
15.4
149.6

95.5
190.0
15.0
174.9

102.5
183.4
15.1
168.3

3
4
5
6

7
8
9
10
11
12

Financial business
Commercial banking
ABS issuers
Finance companies
REITs
Funding corporations

895.2
45.4
381.8
233.3
0.2
234.4

1074.3
54.5
520.8
230.4
0.1
268.5

1206.7
55.7
645.8
238.8
0.2
266.2

1164.6
50.6
765.8
158.6
0.8
188.8

1101.3
48.3
752.8
141.5
0.9
157.7

1071.6
44.6
728.3
127.3
1.3
170.2

1031.9
39.6
719.8
145.3
0.4
126.9

1021.4
40.9
731.0
132.9
0.7
115.9

1037.7
42.3
717.3
136.3
0.4
141.5

1051.1
57.1
710.1
138.6
0.0
145.3

1023.8
51.7
698.3
140.6
0.0
133.1

7
8
9
10
11
12

13

Bankers acceptances (1)

11.5

8.6

7.9

4.8

4.6

4.8

4.6

4.3

4.4

3.9

4.4

13

1172.6

1402.4

1614.0

1466.2

1374.7

1359.2

1317.1

1294.5

1293.1

1340.4

1314.2

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

63.7
39.4
86.0
87.1

67.7
47.6
103.3
85.8

82.6
57.8
121.2
90.1

85.7
60.2
107.6
87.5

98.9
64.7
113.3
97.8

105.0
62.7
114.3
91.3

97.5
71.5
118.1
102.0

99.0
80.7
120.1
95.2

94.9
83.5
123.8
107.7

100.3
80.6
125.8
113.9

104.6
83.6
127.8
115.5

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
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
14.7

0.0
0.0
0.0
2.4
11.6

0.0
0.0
0.0
3.6
11.4

0.0
0.0
0.0
2.9
11.3

0.0
0.0
0.0
3.4
11.2

0.0
0.0
0.0
3.1
11.1

0.0
0.0
0.0
1.6
11.0

0.0
0.0
0.0
2.3
10.9

0.0
0.0
0.0
1.8
10.8

19
20
21
22
23

24
25
26

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

73.4
34.3
37.5

75.8
41.3
40.4

71.2
39.6
44.7

59.3
37.4
45.3

74.0
48.3
45.5

77.9
48.1
43.4

74.2
46.2
38.3

75.7
45.9
38.2

55.9
42.3
41.3

61.4
39.8
45.2

57.2
39.9
47.3

24
25
26

27
28
29
30
31

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

414.2
70.9
56.2
28.0
163.7

519.0
80.8
23.9
26.0
270.5

608.6
106.5
31.1
39.2
303.9

638.9
74.8
33.8
48.2
173.6

594.0
63.0
10.4
43.5
106.3

543.5
62.8
11.1
46.7
138.2

517.5
63.9
9.1
41.9
122.4

471.7
65.2
8.4
46.1
134.0

458.9
75.8
9.7
49.4
137.6

432.2
70.4
10.4
49.5
197.8

404.8
73.7
10.0
48.9
188.4

27
28
29
30
31

(1) Excludes banks’ holdings of own acceptances.

87

Z.1, September 16, 2004

L.209 Treasury Securities
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

3723.7

3652.7

3357.8

3352.7

3609.8

3673.7

3779.9

3887.5

4008.2

4143.8

4185.4

1

186.6
3537.0

186.4
3466.2

184.8
3173.0

190.3
3162.4

194.9
3414.9

196.9
3476.8

199.1
3580.8

201.5
3686.0

203.8
3804.4

204.4
3939.4

204.6
3980.8

2
3

3723.7

3652.7

3357.8

3352.7

3609.8

3673.7

3779.9

3887.5

4008.2

4143.8

4185.4

4

Household sector
Savings bonds
Other Treasury issues

747.5
186.6
560.9

833.0
186.4
646.5

621.6
184.8
436.9

510.9
190.3
320.5

373.3
194.9
178.4

415.1
196.9
218.2

486.9
199.1
287.7

460.3
201.5
258.7

455.6
203.8
251.8

415.4
204.4
211.0

435.3
204.6
230.7

5
6
7

8
9
10

Nonfinancial corporate business
Nonfarm noncorporate business
State and local governments

23.6
38.0
279.7

19.4
37.2
303.2

18.1
40.2
297.2

16.5
42.8
339.4

31.4
45.2
351.5

35.5
45.1
348.3

39.3
46.3
345.0

40.8
46.8
355.6

41.5
47.5
358.8

45.1
48.1
362.9

50.1
48.6
368.3

8
9
10

11
12

Rest of the world
Monetary authority

1166.2
452.1

1058.4
478.0

1021.4
511.7

1063.1
551.7

1254.1
629.4

1296.2
641.5

1392.6
652.1

1462.5
656.1

1539.2
666.7

1701.8
674.1

1805.1
687.4

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

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

162.7
56.5
103.8
1.2
1.2

205.8
86.4
116.7
1.3
1.5

136.6
89.3
44.3
1.3
1.6

126.8
77.9
44.5
2.4
2.0

126.6
81.2
40.1
3.0
2.3

132.9
93.5
34.2
2.7
2.5

144.2
102.6
36.6
2.1
2.8

140.9
100.9
33.8
2.4
3.7

13
14
15
16
17

18
19
20

Savings institutions
Credit unions
Bank personal trusts and estates

10.2
13.1
17.3

10.1
9.6
17.3

8.7
8.2
16.3

11.4
7.4
11.5

9.2
7.8
11.2

9.2
7.3
11.1

10.0
8.7
11.0

11.2
9.1
10.9

12.2
8.9
10.9

12.2
8.5
10.9

10.8
9.9
10.9

18
19
20

21
22
23
24
25

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

71.3
70.4
85.1
212.6
28.1

62.8
60.6
87.5
198.8
31.0

58.1
52.1
77.9
177.9
33.0

53.7
52.0
56.2
152.4
40.2

78.5
61.2
54.9
144.1
49.6

77.6
61.9
54.9
140.9
53.4

76.4
62.3
55.8
148.1
53.9

74.1
63.2
53.7
141.6
54.6

71.8
64.7
52.7
147.4
54.3

73.3
67.4
55.7
145.2
54.8

74.8
69.3
54.1
152.0
56.8

21
22
23
24
25

26
27
28
29
30
31

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

103.6
141.0
8.8
0.0
25.2
15.8

103.8
117.3
7.6
0.0
30.9
-42.6

90.4
123.6
6.7
0.0
13.3
-3.3

135.7
115.1
6.7
0.0
13.6
9.8

140.2
134.7
3.9
2.0
25.7
-3.9

148.2
142.8
4.0
1.5
25.2
17.5

144.3
152.2
4.7
1.3
25.4
-63.2

134.2
147.2
5.1
1.8
23.9
8.1

130.2
144.1
5.3
2.1
23.6
37.8

125.7
149.0
6.7
3.0
23.7
15.9

102.4
148.4
7.2
3.7
24.5
-75.1

26
27
28
29
30
31

3752.2

3681.0

3385.1

3379.5

3637.0

3700.6

3806.9

3914.5

4033.1

4168.9

4209.6

32

2
3
4
5
6
7

Total liabilities

1999

Savings bonds
Other Treasury issues
Total assets

Memo:
32

Federal government debt (1)

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

88

Z.1, September 16, 2004

L.210 Agency- and GSE-backed Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1
2
3
4
5

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

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

3322.9

3916.0

4347.0

4989.1

5536.3

5659.6

5770.1

5967.5

6108.0

6130.2

6201.3

1

28.5
1275.4
2019.0

28.3
1594.2
2293.5

27.3
1826.4
2493.2

26.8
2130.6
2831.8

27.3
2350.4
3158.6

26.9
2406.1
3226.6

27.0
2454.0
3289.1

27.0
2569.2
3371.3

24.9
2594.1
3489.0

25.1
2598.7
3506.4

24.2
2657.3
3519.8

2
3
4

3322.9

3916.0

4347.0

4989.1

5536.3

5659.6

5770.1

5967.5

6108.0

6130.2

6201.3

5

Household sector
Nonfinancial corporate business
State and local governments

288.9
10.6
152.7

362.4
12.4
196.5

405.8
15.4
198.1

328.9
17.2
253.5

219.1
16.9
256.5

200.5
18.4
258.6

156.5
21.1
266.9

345.9
23.3
271.3

485.5
25.1
279.3

397.5
28.0
281.1

440.5
31.5
283.4

6
7
8

9
10
11

Federal government
Rest of the world
Monetary authority

0.0
227.8
0.3

0.0
300.2
0.2

0.0
441.4
0.1

0.0
534.7
0.0

0.0
650.2
0.0

0.0
663.9
0.0

0.0
678.0
0.0

0.0
650.3
0.0

0.0
661.7
0.0

0.0
681.4
0.0

0.0
719.3
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

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

777.4
700.2
50.7
6.2
20.3

917.9
821.3
61.6
10.7
24.2

961.2
866.4
60.0
11.4
23.4

1035.0
936.0
63.1
10.9
25.0

967.8
872.5
54.8
12.2
28.3

999.5
906.4
52.5
11.6
28.9

1094.5
1001.0
51.1
12.5
29.9

1111.0
1012.4
54.2
12.9
31.5

12
13
14
15
16

17
18
19

Savings institutions
Credit unions
Bank personal trusts and estates

143.7
58.4
39.4

147.1
61.3
45.2

140.4
60.9
45.5

161.4
80.6
35.1

176.2
97.3
34.2

186.1
107.2
33.6

192.4
116.2
32.9

193.3
125.7
32.2

198.7
115.5
31.6

228.5
120.3
31.7

221.3
121.6
31.8

17
18
19

20
21
22
23
24

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

217.0
69.7
194.8
106.1
1.3

224.4
75.5
233.0
129.0
1.3

235.4
84.1
242.0
166.6
1.4

253.5
94.2
249.9
152.1
3.1

330.9
113.2
251.7
151.8
5.5

338.4
113.4
250.7
156.2
7.7

345.0
113.3
251.3
161.3
7.7

346.9
113.9
246.7
156.2
7.1

348.9
115.4
246.4
158.5
6.5

357.0
120.3
247.0
157.1
6.3

365.1
123.6
244.8
157.5
6.1

20
21
22
23
24

25
26
27

Money market mutual funds
Mutual funds
Government-sponsored enterprises

173.8
234.9
482.7

190.9
271.1
655.6

185.2
275.2
810.9

318.4
360.5
1017.8

324.1
422.0
1149.5

318.1
435.0
1167.5

326.8
451.9
1153.4

350.9
444.4
1261.0

326.2
447.3
1246.8

300.0
462.5
1221.3

275.7
460.7
1228.5

25
26
27

28
29
30

ABS issuers
REITs
Brokers and dealers

193.5
13.1
50.9

230.3
14.2
66.0

238.6
14.5
63.7

252.8
20.2
77.8

299.4
28.3
91.8

290.4
24.5
128.1

294.9
26.3
139.4

322.5
22.4
85.8

308.2
23.0
83.7

272.5
29.3
93.8

264.9
27.9
86.3

28
29
30

6
7
8

Total assets

1999

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as FNMA and FHLB;
and agency- and GSE-backed mortgage pool 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 32.

89

Z.1, September 16, 2004

L.211 Municipal Securities and Loans
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1402.9

1457.2

1480.9

1603.7

1763.1

1791.1

1850.7

1863.5

1898.2

1937.2

1977.2

1

1128.2
41.2
1087.1

1167.1
43.7
1123.4

1183.6
45.1
1138.5

1289.2
69.0
1220.2

1432.6
94.2
1338.4

1456.6
92.8
1363.8

1511.4
92.4
1418.9

1520.1
95.2
1425.0

1550.1
101.3
1448.8

1585.7
103.2
1482.5

1619.0
85.2
1533.8

2
3
4

126.9
147.8

137.3
152.8

143.0
154.2

156.9
157.7

169.8
160.8

173.6
160.9

177.3
162.0

180.6
162.8

183.9
164.2

186.7
164.7

192.3
166.0

5
6

1402.9

1457.2

1480.9

1603.7

1763.1

1791.1

1850.7

1863.5

1898.2

1937.2

1977.2

7

8
9
10
11

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

416.0
25.7
2.8
3.2

435.6
25.0
2.7
3.5

438.0
31.9
2.4
3.8

489.3
29.3
3.5
4.0

585.2
32.1
3.7
4.1

586.6
32.9
3.8
4.1

613.3
34.0
3.8
4.2

602.7
38.2
3.9
4.3

618.6
40.2
3.9
4.4

626.4
41.9
4.0
4.4

650.9
45.6
4.0
4.5

8
9
10
11

12
13
14

Commercial banking
Savings institutions
Bank personal trusts and estates

104.8
2.5
89.5

110.8
3.0
100.3

114.1
3.2
99.1

120.2
4.5
95.6

121.7
5.5
100.9

123.2
5.5
100.3

127.1
5.8
99.6

131.9
6.3
98.9

132.5
6.3
98.4

133.9
6.5
99.7

137.2
6.5
100.4

12
13
14

15
16
17

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

18.4
208.1
3.3

20.1
199.0
3.0

19.1
184.1
1.6

18.7
173.8
1.4

19.9
183.0
0.5

21.6
192.0
0.5

23.3
200.7
0.4

24.7
211.2
1.8

26.1
224.2
0.7

26.8
233.6
0.9

27.4
240.1
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

193.0
242.6
60.7
19.2
13.1

210.4
239.4
69.7
22.7
11.9

244.7
230.5
67.7
29.2
11.3

281.0
253.4
74.7
35.4
19.0

282.8
277.3
86.0
39.4
21.0

292.7
282.8
87.1
38.9
19.2

298.6
292.3
86.7
38.8
22.1

296.5
289.8
88.8
40.4
24.1

297.3
290.2
89.3
41.3
24.9

306.7
295.6
88.8
42.6
25.3

304.7
288.8
90.2
45.8
30.3

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

4142.9

4553.3

4924.3

5510.7

5942.6

6109.5

6269.2

6360.7

6515.4

6622.1

6728.6

1

2
3

Nonfinancial corporate business
Rest of the world (1)

1846.0
450.9

2067.7
452.8

2230.3
468.0

2578.8
443.5

2711.0
410.0

2753.4
402.5

2827.7
377.5

2851.7
375.3

2869.3
381.9

2897.9
377.0

2899.3
367.1

2
3

4
5
6

Financial sectors
Commercial banking
Savings institutions

1846.0
220.2
2.6

2032.7
240.6
2.7

2226.0
273.2
6.3

2488.4
310.2
3.6

2821.5
332.2
3.4

2953.6
352.9
4.8

3064.1
359.7
4.8

3133.8
361.2
5.0

3264.2
379.1
5.1

3347.2
389.0
6.0

3462.2
402.7
5.0

4
5
6

7
8
9
10
11

ABS issuers
Finance companies
REITs
Brokers and dealers
Funding corporations

983.5
365.6
53.4
42.5
178.2

1036.0
430.3
62.2
25.3
235.5

1097.9
503.2
67.0
40.9
237.5

1231.9
569.9
70.8
42.3
259.7

1438.4
631.9
84.9
40.6
290.1

1518.3
645.4
89.3
50.2
292.6

1587.3
672.5
93.6
46.2
299.9

1612.1
705.8
100.4
48.6
300.7

1675.1
746.2
106.2
47.0
305.5

1705.5
759.7
116.3
60.0
310.8

1794.1
768.9
122.5
60.7
308.3

7
8
9
10
11

4142.9

4553.3

4924.3

5510.7

5942.6

6109.5

6269.2

6360.7

6515.4

6622.1

6728.6

12

650.0
61.9
607.8

587.0
73.3
752.1

569.8
70.0
920.6

564.7
95.6
1115.9

597.6
103.8
1266.9

503.6
104.5
1323.4

449.0
107.1
1385.2

395.4
108.5
1439.0

352.4
111.1
1499.5

319.9
112.4
1552.7

284.3
113.8
1606.0

13
14
15

180.9
88.6
28.5
1130.4
171.1
297.5
279.6
0.8

220.5
111.9
39.8
1173.2
181.1
347.5
310.0
0.8

278.6
109.4
44.9
1222.2
187.5
352.5
339.7
0.8

376.4
83.9
38.3
1342.4
196.4
351.4
339.1
1.6

379.1
79.9
35.6
1449.3
198.9
359.4
334.5
2.8

470.9
81.9
36.5
1505.6
203.0
362.0
328.1
3.9

473.6
75.4
37.5
1558.4
206.5
367.8
332.7
3.9

483.7
68.6
38.5
1588.6
211.7
371.5
334.8
3.6

507.1
71.1
39.5
1620.2
218.9
374.9
339.2
3.3

525.4
65.0
41.2
1661.2
228.1
380.3
343.9
3.2

519.2
59.9
41.4
1701.2
234.4
381.0
346.4
3.1

16
17
18
19
20
21
22
23

81.2
339.0
31.8
0.0
68.7
6.1
81.4
37.6

123.7
368.2
33.5
0.0
97.5
5.7
93.4
33.8

161.9
361.9
30.9
0.0
131.1
4.9
112.7
24.9

163.0
420.1
27.1
0.0
155.7
7.0
161.3
70.8

170.7
470.9
27.1
1.8
189.3
11.7
192.0
71.4

183.0
492.1
32.5
1.9
197.1
12.5
179.4
87.7

192.4
520.6
47.2
2.3
198.1
11.4
201.0
99.1

184.9
531.9
55.4
2.2
205.2
13.4
210.8
113.1

185.9
548.3
58.7
2.4
214.4
13.9
228.4
126.3

180.0
575.1
60.0
2.8
214.7
16.0
226.1
114.0

183.8
583.8
63.7
2.9
226.7
16.7
242.1
118.3

24
25
26
27
28
29
30
31

12

Total assets

13
14
15

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

16
17
18
19
20
21
22
23

Commercial banking
Savings institutions
Bank personal trusts and estates
Life insurance companies
Other insurance companies
Private pension funds
State and local govt. retirement funds
Federal government retirement funds

24
25
26
27
28
29
30
31

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

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

90

Z.1, September 16, 2004

L.213 Corporate Equities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Issues at market value

2

Nonfinancial corporate business

3
4

Rest of the world (2)
Financial corporations

5
6
7
8

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

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

15547.3

19522.8

17627.0

15310.6

11871.0

11425.9

13278.7

13755.1

15497.0

15832.8

15982.7

1

11577.8

15155.6

12678.8

10796.2

7907.1

7647.5

8824.6

9050.7

10154.9

10241.4

10443.8

2

1475.0
2494.5

2003.7
2363.4

1852.8
3095.3

1612.7
2901.8

1345.1
2618.8

1269.9
2508.5

1516.3
2937.8

1661.0
3043.3

1957.9
3384.2

2051.2
3540.3

2075.7
3463.2

3
4

15547.3

19522.8

17627.0

15310.6

11871.0

11425.9

13278.7

13755.1

15497.0

15832.8

15982.7

5

7120.0
97.6
1250.3

9168.1
117.1
1611.5

7762.6
97.1
1643.2

6466.3
100.7
1572.7

4853.7
80.3
1260.8

4680.3
75.6
1190.2

5364.4
85.8
1405.7

5499.3
87.7
1437.8

6146.7
96.3
1669.0

6072.0
97.5
1707.6

6065.5
97.0
1710.8

6
7
8

6.8
24.5
360.1

11.3
23.8
407.3

11.9
24.2
356.8

8.9
27.9
280.7

3.5
29.1
181.1

2.0
29.9
170.1

6.7
30.6
192.7

9.7
31.1
194.4

15.1
30.4
213.1

16.0
28.2
218.3

15.7
27.9
220.5

9
10
11

9
10
11

Commercial banking
Savings institutions
Bank personal trusts and estates

12
13
14
15
16

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

683.2
200.1
1947.9
1188.1
44.9

909.0
207.9
2081.2
1407.7
59.1

891.9
194.3
1956.1
1223.1
59.1

811.3
173.9
1697.8
1084.0
51.4

708.9
152.3
1288.2
869.8
48.5

704.7
147.4
1243.7
841.9
52.3

806.0
162.9
1449.3
960.0
63.1

837.6
167.3
1514.1
981.8
69.4

919.3
182.7
1709.2
1084.4
79.9

956.7
188.3
1766.7
1102.6
86.7

975.3
190.5
1797.0
1116.7
88.8

12
13
14
15
16

17
18
19
20

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

2506.2
47.6
15.6
54.4

3376.7
41.3
33.9
66.9

3227.3
36.6
65.6
77.2

2836.1
31.1
83.0
85.1

2188.0
33.7
98.2
74.9

2089.1
33.9
97.2
67.7

2506.6
39.6
117.7
87.6

2677.5
45.1
115.5
86.8

3051.6
52.3
146.3
100.5

3257.0
65.8
155.6
113.8

3319.2
67.9
171.8
118.2

17
18
19
20

13747.8

17158.0

15388.6

13316.1

10163.3

9807.9

11347.9

11669.6

13042.1

13242.2

13343.0

21

Memo:
21

Market value of domestic corporations (4)

(1) Excludes mutual fund shares shown on table L.214.
(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).
(3) Holdings of U.S. issues by foreign residents.
(4) Sum of lines 2 and 4 less the sum of lines 9, 13, 18, 19, and 20; line 1 excludes intercorporate holdings of nonfinancial corporations.

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

Shares at market value

3613.1

4538.5

4435.3

4135.5

3638.4

3587.8

4071.6

4242.6

4653.2

4901.2

4969.7

1

2

Holdings at market value

3613.1

4538.5

4435.3

4135.5

3638.4

3587.8

4071.6

4242.6

4653.2

4901.2

4969.7

2

3
4
5

Household sector
Nonfinancial corporate business
State and local governments

2397.1
98.0
19.1

2987.4
127.0
21.4

2905.3
124.0
21.2

2750.8
111.0
24.3

2443.8
97.0
24.2

2431.4
92.5
26.4

2762.2
106.2
25.6

2905.5
108.5
24.2

3182.4
121.0
21.2

3391.6
122.5
16.8

3448.7
122.5
11.3

3
4
5

6
7
8

Commercial banking
Credit unions
Bank personal trusts and estates

9.1
3.6
344.7

12.4
2.5
391.5

15.0
2.2
396.8

21.3
3.7
359.1

19.6
3.5
339.1

13.5
3.4
327.1

16.3
4.5
360.0

14.5
5.0
364.5

17.1
4.1
391.2

16.2
4.2
403.0

16.2
3.9
406.2

6
7
8

Life insurance companies
Private pension funds

73.2
668.2

98.7
897.6

97.0
873.7

88.3
776.9

76.6
634.6

74.6
618.9

82.5
714.3

85.4
735.0

91.7
824.5

94.3
852.5

95.0
865.9

9
10

9
10

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

91

Z.1, September 16, 2004

L.215 Bank Loans Not Elsewhere Classified
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1

Total loans by commercial
banking, flow of funds basis

3304.6

3505.1

3874.8

3944.4

4163.8

4184.4

4272.6

4326.7

4398.0

4472.5

4594.3

1

2
3
4
5

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

1.1
1337.0
508.9
142.8

1.4
1495.4
499.8
124.8

1.5
1660.1
541.5
175.2

0.0
1789.8
558.4
175.2

0.0
2058.3
587.2
177.9

0.0
2099.3
575.3
207.4

0.0
2192.9
584.2
208.3

0.0
2263.7
593.7
209.1

0.0
2255.8
636.4
213.5

0.0
2329.3
624.7
239.2

0.0
2435.9
625.8
236.8

2
3
4
5

6

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

1314.8

1383.8

1496.6

1421.0

1340.4

1302.3

1287.2

1260.2

1292.3

1279.3

1295.8

6

1012.0
282.4
4.1
16.3

1104.3
260.0
2.6
16.9

1202.4
274.6
1.6
18.0

1140.5
256.1
1.9
22.5

1081.9
237.5
2.9
18.2

1050.6
231.2
2.6
18.0

1039.3
223.1
6.7
18.2

1029.5
205.7
6.8
18.1

1045.5
220.4
7.9
18.5

1034.7
217.6
8.1
19.0

1050.3
218.6
7.4
19.5

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.

1314.8

1383.8

1496.6

1421.0

1340.4

1302.3

1287.2

1260.2

1292.3

1279.3

1295.8

12

13

Total liabilities

1314.8

1383.8

1496.6

1421.0

1340.4

1302.3

1287.2

1260.2

1292.3

1279.3

1295.8

13

1209.0

1292.3

1405.5

1316.8

1235.0

1209.4

1188.6

1157.4

1192.0

1175.3

1197.0

14

74.2
768.8
262.1
45.1

67.3
813.0
308.6
44.2

74.1
861.0
352.9
46.9

57.6
758.3
390.7
46.9

54.6
661.9
404.1
46.0

50.9
649.3
398.3
43.4

61.1
632.1
390.7
45.0

51.9
614.9
384.2
45.4

94.4
612.4
378.8
45.5

92.8
606.9
373.5
42.9

111.4
602.3
376.4
46.0

15
16
17
18

58.7
2.8
13.1
42.8

59.2
3.0
9.9
46.4

70.5
3.5
13.2
53.8

63.2
4.3
5.9
53.1

68.6
5.1
5.1
58.4

67.6
4.7
5.5
57.4

59.7
4.7
4.9
50.1

61.0
4.4
3.9
52.8

60.9
4.6
3.7
52.7

59.2
4.9
4.4
49.9

60.9
5.3
5.9
49.8

19
20
21
22

105.8

91.5

91.1

104.2

105.3

92.9

98.7

102.8

100.3

104.1

98.7

23

29.7
26.5
16.0
33.6

14.0
35.4
16.0
26.0

21.5
35.9
16.0
17.7

23.0
50.8
16.0
14.4

27.2
48.0
16.0
14.1

15.1
47.3
16.0
14.5

15.9
53.2
16.0
13.5

15.4
57.6
16.0
13.7

13.9
56.2
16.0
14.2

14.3
59.8
16.0
13.9

14.6
52.6
16.0
15.5

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, 2004

L.216 Other Loans and Advances
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1

Total other loans and advances

1171.7

1299.7

1420.5

1451.1

1475.9

1477.2

1495.7

1490.3

1515.0

1526.7

1576.6

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

138.3
17.6
8.3
44.8
5.1
10.1
52.2
0.0

131.3
17.2
8.0
43.9
4.9
9.7
47.6
0.0

127.7
16.6
7.6
42.8
5.0
8.7
47.0
0.0

121.8
15.0
7.4
39.6
5.0
8.9
45.9
0.0

118.2
14.2
7.0
38.9
4.7
9.4
44.0
0.0

118.2
14.0
7.3
39.1
4.7
9.5
43.6
0.0

117.6
13.8
7.5
39.4
4.6
9.6
42.8
0.0

116.8
13.6
7.6
39.5
4.5
9.6
41.9
0.0

116.7
13.5
7.8
39.6
4.5
9.7
41.8
0.0

116.1
13.3
8.0
40.1
4.4
9.7
40.7
0.0

115.8
13.1
8.1
40.4
4.4
9.7
40.2
0.0

2
3
4
5
6
7
8
9

10
11

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

142.3
142.3

119.5
119.5

117.3
117.3

115.7
115.7

125.8
125.8

115.0
115.0

126.1
126.1

125.2
125.2

125.0
125.0

113.6
113.6

120.6
120.6

10
11

12
13
14

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

11.3
6.6
4.7

8.2
4.4
3.9

7.5
4.3
3.1

4.6
4.1
0.5

4.6
4.4
0.2

4.8
4.7
0.1

4.5
4.4
0.1

4.3
4.2
0.1

4.4
4.2
0.2

3.9
3.7
0.1

4.4
4.2
0.3

12
13
14

15
16
17

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

24.2
12.1
12.1

30.6
15.3
15.3

39.3
19.7
19.7

42.9
21.5
21.5

46.2
23.1
23.1

47.4
23.7
23.7

48.2
24.1
24.1

57.4
28.7
28.7

56.3
28.1
28.1

49.6
24.8
24.8

55.5
27.8
27.8

15
16
17

18
19
20

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

104.7
0.9
103.8

100.0
0.9
99.0

102.8
0.9
101.9

105.0
0.9
104.1

106.1
0.9
105.1

105.6
1.0
104.7

105.9
1.0
104.9

105.4
1.0
104.4

105.5
1.0
104.5

105.4
1.0
104.4

105.7
1.0
104.7

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)

324.2
0.6
17.1
17.8
104.9
180.1
1.1
2.5

432.3
0.7
17.9
17.9
145.6
243.7
3.4
3.2

477.6
0.4
19.5
19.4
172.4
260.0
3.4
2.5

505.9
0.4
19.5
22.3
196.6
259.1
4.9
3.1

514.7
0.4
20.1
23.7
226.8
231.7
6.9
5.1

519.9
0.4
20.4
22.7
225.2
237.3
7.6
6.3

529.2
0.4
19.2
23.6
235.5
236.0
8.0
6.6

533.1
0.4
18.5
24.0
232.2
241.8
8.8
7.4

545.8
0.3
19.8
24.0
235.3
249.3
9.1
8.0

561.2
0.3
21.3
22.9
253.3
247.0
8.4
7.9

601.5
0.2
19.4
23.8
251.4
288.5
9.6
8.6

21
22
23
24
25
26
27
28

29
30

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

85.9
85.9

82.6
82.6

89.8
89.8

108.3
108.3

105.0
105.0

112.5
112.5

108.4
108.4

102.7
102.7

103.9
103.9

101.3
101.3

101.9
101.9

29
30

31
32
33

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

340.9
306.8
34.1

395.1
355.6
39.5

458.4
412.6
45.8

447.0
402.3
44.7

455.3
409.7
45.5

453.9
408.5
45.4

455.8
410.2
45.6

445.6
401.0
44.6

457.5
411.7
45.7

475.6
428.1
47.6

471.3
424.2
47.1

31
32
33

93

Z.1, September 16, 2004

L.217 Total Mortgages
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003
Q1

1
2
3
4
5
6

Total mortgages
Home
Multifamily residential
Commercial
Farm

2004
Q3

Q4

Q1

Q2

5656.5

6257.8

6820.6

7502.1

8335.5

8559.9

8854.2

9123.3

9351.7

9600.6

9884.0

1

4301.4
334.4
923.5
97.2

4721.5
372.5
1060.2
103.6

5133.8
404.5
1172.1
110.2

5651.4
447.7
1285.1
117.9

6332.2
487.3
1390.5
125.5

6524.3
495.4
1412.6
127.6

6767.0
510.0
1447.5
129.7

6983.3
523.7
1484.5
131.7

7150.2
545.1
1522.8
133.6

7351.7
552.3
1561.4
135.3

7571.0
567.1
1607.3
138.6

2
3
4
5

5656.5

6257.8

6820.6

7502.1

8335.5

8559.9

8854.2

9123.3

9351.7

9600.6

9884.0

6

Household sector

4189.8

4568.2

4949.4

5440.8

6084.8

6266.1

6491.4

6697.9

6829.2

7020.5

7229.1

7

8
9
10
11

Nonfinancial business
Corporate
Nonfarm noncorporate
Farm

1395.0
262.8
1035.1
97.2

1612.9
339.2
1170.1
103.6

1788.2
370.4
1307.6
110.2

1977.0
430.3
1428.8
117.9

2160.6
473.8
1561.3
125.5

2204.6
484.6
1592.4
127.6

2272.8
508.8
1634.3
129.7

2333.4
527.8
1673.9
131.7

2428.6
574.6
1720.4
133.6

2481.6
592.0
1754.4
135.3

2553.0
620.3
1794.2
138.6

8
9
10
11

12
13

Federal government
REITs

0.0
71.6

0.0
76.7

0.0
82.9

0.0
84.2

0.0
90.1

0.0
89.2

0.0
90.1

0.0
92.0

0.0
93.9

0.0
98.5

0.0
101.8

12
13

5656.5

6257.8

6820.6

7502.1

8335.5

8559.9

8854.2

9123.3

9351.7

9600.6

9884.0

14

98.2
67.3
26.7

106.5
41.2
24.7

117.4
43.5
23.3

125.4
46.6
26.6

136.0
48.7
27.8

138.8
49.2
27.7

141.6
49.7
27.5

144.5
50.2
27.1

147.4
50.7
26.6

150.3
51.2
26.0

153.5
51.7
25.2

15
16
17

126.2
44.9

130.6
77.7

132.4
76.9

130.4
75.8

124.0
76.3

124.8
73.9

127.9
74.0

129.6
73.6

132.6
73.8

134.2
75.8

135.9
74.2

18
19

1337.0
644.0
96.9
2.8

1495.4
668.1
111.0
2.2

1660.1
723.0
124.9
2.3

1789.8
758.2
141.3
2.5

2058.3
781.4
159.4
2.3

2099.3
815.9
162.3
2.2

2192.9
833.6
168.1
2.1

2263.7
852.1
176.5
2.0

2255.8
870.9
182.6
1.9

2329.3
927.5
185.9
1.9

2435.9
966.5
196.0
1.9

20
21
22
23

213.6
2.0
9.3
24.1

230.8
1.9
11.0
21.5

235.9
1.6
12.2
21.5

243.0
1.9
13.5
24.9

250.0
2.0
15.2
31.6

251.2
2.0
15.6
33.9

254.4
1.9
16.2
36.3

257.3
1.9
16.7
39.0

260.9
2.1
17.2
41.9

262.0
2.1
17.2
45.0

269.3
2.2
17.8
48.3

24
25
26
27

247.0
2019.0
517.9

242.0
2293.5
598.7

264.3
2493.2
667.4

297.5
2831.8
784.3

357.3
3158.6
874.4

381.9
3226.6
922.2

416.0
3289.1
974.0

451.1
3371.3
999.9

462.8
3489.0
1058.9

467.6
3506.4
1128.5

469.7
3519.8
1210.6

28
29
30

121.2
32.1
26.3

145.8
32.1
23.0

172.3
32.1
16.3

161.3
32.1
15.2

174.5
32.1
25.7

173.9
32.1
26.5

183.4
32.1
33.5

194.7
32.1
40.1

198.9
32.1
45.5

206.2
32.1
51.5

213.3
32.1
60.2

31
32
33

7

14

Total liabilities

Q2

Total assets

15
16
17

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

18
19

State and local governments
Federal government

20
21
22
23

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

24
25
26
27

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

28
29
30

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

31
32
33

Finance companies
Mortgage companies
REITs

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

94

Z.1, September 16, 2004

L.218 Home Mortgages (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1
2
3
4
5

Total liabilities
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

4301.4

4721.5

5133.8

5651.4

6332.2

6524.3

6767.0

6983.3

7150.2

7351.7

7571.0

1

4086.1
9.3
205.9

4457.9
11.5
252.1

4828.7
13.5
291.6

5301.4
15.6
334.4

5932.1
16.2
383.9

6109.6
16.6
398.1

6334.9
17.1
415.0

6536.3
17.4
429.5

6688.2
18.0
444.0

6873.6
18.9
459.2

7078.3
19.7
473.0

2
3
4

4301.4

4721.5

5133.8

5651.4

6332.2

6524.3

6767.0

6983.3

7150.2

7351.7

7571.0

5

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

73.1
27.1
10.0

80.3
20.2
9.0

87.4
21.4
8.7

94.9
23.3
9.7

103.6
24.3
11.0

105.9
24.6
11.4

108.2
24.8
11.8

110.6
25.1
12.2

113.1
25.3
12.6

115.6
25.6
13.1

118.2
25.8
13.6

6
7
8

9
10

State and local governments
Federal government

64.4
18.8

66.6
18.4

67.5
17.7

66.5
17.1

63.2
16.2

63.6
15.9

65.2
15.7

66.1
15.5

67.6
15.3

68.5
15.2

69.3
15.0

9
10

11
12
13
14

Commercial banking
Savings institutions
Credit unions
Bank personal trusts and estates

797.0
533.5
96.9
2.8

879.6
548.2
111.0
2.2

965.6
594.2
124.9
2.3

1023.9
620.6
141.3
2.5

1222.2
631.4
159.4
2.3

1244.8
662.9
162.3
2.2

1320.6
676.2
168.1
2.1

1368.8
690.4
176.5
2.0

1347.0
703.4
182.6
1.9

1394.6
753.7
185.9
1.9

1473.5
789.5
196.0
1.9

11
12
13
14

15
16
17

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

6.6
5.8
8.4

5.9
6.6
7.5

4.9
7.7
7.5

4.9
9.0
8.7

4.7
10.7
11.1

3.8
11.1
11.9

3.6
11.7
12.7

3.6
12.2
13.7

4.4
12.8
14.7

4.6
13.6
15.8

4.8
14.3
16.9

15
16
17

18
19
20

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

199.6
1970.2
360.6

189.3
2234.7
399.4

205.1
2425.6
432.8

225.6
2748.5
505.0

271.1
3063.7
563.2

293.8
3129.7
606.3

324.5
3189.9
642.2

359.6
3265.4
656.4

369.6
3373.3
696.1

372.4
3394.0
754.7

371.5
3403.1
818.6

18
19
20

21
22
23

Finance companies
Mortgage companies
REITs

90.0
21.8
14.8

108.2
21.8
12.4

130.6
21.8
7.9

120.1
21.8
7.9

135.0
21.8
17.4

133.9
21.8
18.4

142.5
21.8
25.3

151.8
21.8
31.6

152.2
21.8
36.4

159.5
21.8
41.2

167.9
21.8
49.3

21
22
23

361.2
176.9
55.9
29.7
8.6
90.0

401.5
189.5
59.7
33.4
10.7
108.2

491.8
235.0
72.8
40.7
12.7
130.6

517.8
258.6
77.9
44.9
16.2
120.1

583.2
303.3
78.5
48.1
18.4
135.0

596.5
314.0
83.5
47.3
17.9
133.9

621.6
328.7
83.0
48.4
19.0
142.5

650.0
343.3
87.8
48.8
18.4
151.8

684.6
366.0
95.6
51.8
19.0
152.2

712.6
390.1
90.8
52.9
19.4
159.5

766.2
423.3
99.8
56.1
19.2
167.9

24
25
26
27
28
29

6
7
8

24
25
26
27
28
29

Total assets

1999

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. Loans of finance companies (line 29) include some first 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

334.4

372.5

404.5

447.7

487.3

495.4

510.0

523.7

545.1

552.3

567.1

1

23.5
287.3

24.7
322.5

25.9
351.2

27.3
392.6

28.8
428.7

29.2
436.8

29.6
450.6

30.0
463.4

30.4
483.7

30.9
488.8

31.4
502.1

2
3

0.0
23.6

0.0
25.3

0.0
27.4

0.0
27.8

0.0
29.7

0.0
29.4

0.0
29.7

0.0
30.4

0.0
31.0

0.0
32.5

0.0
33.6

4
5

334.4

372.5

404.5

447.7

487.3

495.4

510.0

523.7

545.1

552.3

567.1

6

1.5
1.1
8.8

1.4
0.9
8.0

1.4
0.8
7.7

1.4
0.9
9.2

1.4
1.0
8.5

1.4
1.0
8.0

1.4
1.0
7.3

1.4
1.0
6.5

1.5
1.0
5.5

1.5
1.0
4.4

1.5
1.0
3.1

7
8
9

10
11

State and local governments
Federal government

50.5
13.6

52.2
13.6

52.9
13.9

52.2
13.7

49.6
14.3

49.9
14.2

51.2
14.4

51.8
14.4

53.1
14.5

53.7
14.7

54.3
14.7

10
11

12
13

Commercial banking
Savings institutions

54.6
57.0

67.7
59.3

77.8
61.3

84.9
64.6

94.2
68.7

96.8
69.8

100.1
72.7

102.8
74.9

104.9
78.0

107.7
81.7

110.8
84.0

12
13

14
15
16

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

31.5
0.9
6.7

32.8
1.1
6.0

33.7
1.1
6.0

35.6
1.1
7.0

36.8
1.1
8.9

37.0
1.1
9.5

37.6
1.1
10.2

38.1
1.1
10.9

38.6
1.1
11.7

38.7
0.9
12.6

39.8
0.9
13.5

14
15
16

17
18
19

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

16.2
48.3
33.9

20.5
57.5
42.0

25.0
66.0
47.5

33.2
81.6
53.5

41.7
94.5
59.0

42.9
96.6
59.6

44.8
98.9
61.7

44.6
104.9
63.7

45.9
114.7
67.1

47.1
111.4
69.0

49.2
115.8
70.5

17
18
19

20
21
22

Finance companies
Mortgage companies
REITs

2.5
5.2
2.1

2.8
5.2
1.6

2.9
5.2
1.2

2.7
5.2
0.9

1.7
5.2
0.8

1.6
5.2
0.8

1.6
5.2
0.8

1.6
5.2
0.7

1.7
5.2
0.8

1.7
5.2
1.1

1.7
5.2
1.2

20
21
22

95

Z.1, September 16, 2004

L.220 Commercial Mortgages
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1
2
3
4
5
6

Total liabilities
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business
REITs

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

923.5

1060.2

1172.1

1285.1

1390.5

1412.6

1447.5

1484.5

1522.8

1561.4

1607.3

1

103.7
229.9
541.9
48.0

110.3
303.0
595.5
51.4

120.7
331.0
664.8
55.6

139.4
387.5
701.8
56.4

152.7
428.7
748.7
60.4

156.6
438.8
757.5
59.8

156.5
462.1
768.6
60.3

161.6
480.3
781.0
61.6

141.0
526.2
792.7
62.9

146.9
542.2
806.3
66.0

150.8
569.1
819.1
68.2

2
3
4
5

923.5

1060.2

1172.1

1285.1

1390.5

1412.6

1447.5

1484.5

1522.8

1561.4

1607.3

6

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

6.0
39.1
6.9

6.8
20.1
6.4

8.6
21.2
6.1

7.9
22.4
6.8

8.6
23.4
7.1

8.7
23.6
7.1

8.9
23.8
7.1

9.1
24.1
7.0

9.2
24.3
7.0

9.4
24.6
6.9

9.5
24.8
6.8

7
8
9

10
11

State and local governments
Federal government

10.1
7.9

10.4
41.5

10.6
41.1

10.4
41.0

9.9
42.1

10.0
40.2

10.2
40.4

10.4
40.2

10.6
40.5

10.7
42.5

10.9
41.2

10
11

12
13

Commercial banking
Savings institutions

456.3
53.0

516.3
60.1

582.6
67.0

645.6
72.5

704.0
80.7

719.0
82.7

732.4
84.1

751.9
86.1

763.3
88.9

785.7
91.4

808.6
92.5

12
13

14
15
16
17

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

164.0
2.0
2.6
8.9

179.0
1.9
3.3
8.0

183.8
1.6
3.4
8.0

188.4
1.9
3.4
9.2

195.0
2.0
3.4
11.7

196.5
2.0
3.3
12.5

199.8
1.9
3.4
13.4

202.3
1.9
3.4
14.4

203.9
2.1
3.3
15.5

204.6
2.1
2.7
16.6

210.4
2.2
2.7
17.9

14
15
16
17

18
19
20
21
22

Agency- and GSE-backed mortgage pools
ABS issuers
Finance companies
Mortgage companies
REITs

0.0
123.4
28.7
5.1
9.4

0.0
157.3
34.8
5.1
9.0

0.0
187.1
38.8
5.1
7.3

0.0
225.7
38.5
5.1
6.4

0.0
252.1
37.8
5.1
7.5

0.0
256.2
38.5
5.1
7.3

0.0
270.1
39.3
5.1
7.5

0.0
279.8
41.2
5.1
7.8

0.0
295.7
45.0
5.1
8.3

0.0
304.8
45.0
5.1
9.2

0.0
321.5
43.7
5.1
9.7

18
19
20
21
22

7
8
9

Total assets

1999

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

Total liabilities (Farm business)

97.2

103.6

110.2

117.9

125.5

127.6

129.7

131.7

133.6

135.3

138.6

1

2

Total assets

97.2

103.6

110.2

117.9

125.5

127.6

129.7

131.7

133.6

135.3

138.6

2

17.7
1.0

17.9
1.3

20.0
0.7

21.2
0.9

22.4
1.2

22.7
1.3

23.0
1.3

23.3
1.4

23.6
1.5

23.9
1.6

24.3
1.7

3
4

1.3
4.5

1.3
4.3

1.3
4.1

1.3
4.0

1.2
3.7

1.2
3.6

1.3
3.5

1.3
3.6

1.3
3.4

1.3
3.4

1.4
3.3

5
6

3
4

Household sector
Nonfarm noncorporate business

5
6

State and local governments
Federal government

7
8

Commercial banking
Savings institutions

29.0
0.4

31.8
0.5

34.0
0.5

35.5
0.5

38.0
0.6

38.7
0.6

39.7
0.6

40.2
0.6

40.6
0.6

41.4
0.6

42.9
0.6

7
8

9
10

Life insurance companies
State and local govt. retirement funds

11.5
0.0

13.0
0.0

13.6
0.0

14.1
0.0

13.5
0.0

13.9
0.0

13.3
0.0

13.3
0.0

14.0
0.0

14.1
0.0

14.4
0.0

9
10

11
12

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

31.2
0.5

32.2
1.3

34.2
1.6

38.7
1.7

44.5
0.4

45.2
0.3

46.6
0.3

47.0
1.0

47.4
1.0

48.0
1.0

49.0
1.0

11
12

96

Z.1, September 16, 2004

L.222 Consumer Credit
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

1

Total liabilities (Households)

1442.9

1550.2

1726.5

1865.2

1942.6

1912.7

1940.0

1977.5

2025.5

2005.3

2018.6

1

2

Total assets

1442.9

1550.2

1726.5

1865.2

1942.6

1912.7

1940.0

1977.5

2025.5

2005.3

2018.6

2

87.8
0.0
37.4

86.0
0.0
50.9

90.0
0.0
67.0

88.8
0.0
80.1

86.4
0.0
92.8

75.5
0.0
90.6

75.1
0.0
89.1

74.6
0.0
95.3

70.3
0.0
94.1

62.1
0.0
93.9

62.4
0.0
92.6

3
4
5

3
4
5

Nonfinancial corporate business
Nonfarm noncorporate business
Federal government

6
7
8

Commercial banking
Savings institutions
Credit unions

508.9
52.4
155.4

499.8
61.7
167.9

541.5
64.8
184.4

558.4
71.1
189.6

587.2
68.7
195.7

575.3
68.6
194.0

584.2
73.8
198.9

593.7
72.7
203.4

636.4
77.9
205.9

624.7
81.5
207.6

625.8
88.4
212.9

6
7
8

Government-sponsored enterprises
ABS issuers
Finance companies

28.4
389.4
183.3

33.8
448.4
201.6

37.0
521.3
220.5

39.4
599.7
238.1

36.9
637.1
237.8

35.3
640.2
233.2

31.3
643.3
244.3

27.2
626.6
284.0

20.6
625.0
295.4

16.0
612.3
307.4

2.2
609.6
324.7

9
10
11

9
10
11

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

Total trade payables

2

Household sector

3
4
5

Nonfinancial corporate business
Nonfarm noncorporate business
Farm business

6
7

State and local governments
Federal government

8
9

Rest of the world
Brokers and dealers

10

Total trade receivables

2345.4

2747.7

2664.3

2730.9

2728.9

2778.5

2829.2

2891.8

2943.9

3013.5

1

126.8

130.9

134.7

132.9

139.8

141.7

143.6

145.7

147.7

149.9

152.1

2

1049.7
178.6
19.6

1228.2
213.3
20.0

1541.4
259.9
20.9

1437.7
255.0
18.3

1461.7
276.0
19.2

1436.6
286.4
20.0

1459.6
297.1
20.7

1491.6
311.6
20.9

1539.1
322.7
21.1

1558.7
335.9
20.1

1603.1
350.2
22.0

3
4
5

579.5
65.0

608.6
64.5

635.9
69.0

661.1
72.3

685.6
73.6

691.6
77.9

697.6
78.7

703.6
79.6

709.6
77.8

715.6
81.9

721.6
85.5

6
7

44.9
18.9

49.1
30.9

49.9
35.9

47.8
39.2

37.6
37.4

46.3
28.5

45.9
35.3

43.7
32.5

45.5
28.2

47.2
34.6

47.0
32.0

8
9

2070.7

2345.0

2744.0

2657.7

2630.3

2673.8

2766.0

2819.8

2824.1

2920.3

3020.1

10

1440.0
233.1

1647.7
272.6

1930.7
342.1

1802.2
343.9

1721.9
366.7

1746.6
375.9

1815.1
388.1

1844.0
404.5

1825.9
417.1

1895.4
432.0

1976.0
447.9

11
12

State and local governments
Federal government
Rest of the world

95.4
22.3
52.5

103.9
22.9
47.4

111.4
28.1
47.0

116.5
35.5
43.9

118.1
32.2
47.0

118.8
30.7
47.3

121.8
31.6
47.2

123.4
33.6
46.3

126.3
35.9
48.7

127.8
37.8
49.3

129.4
36.0
45.3

13
14
15

Other insurance companies
ABS issuers

61.5
165.9

63.6
187.0

64.6
220.0

69.9
245.9

74.8
269.7

79.3
275.2

81.6
280.5

82.3
285.7

79.3
290.8

82.4
295.7

85.3
300.4

16
17

12.2

0.4

3.7

6.6

100.6

55.2

12.5

9.3

67.7

23.7

-6.7

18

11
12

Nonfinancial corporate business
Nonfarm noncorporate business

13
14
15
16
17
18

2082.9

Discrepancy

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

572.2

676.6

822.7

825.9

738.8

796.6

971.9

940.2

871.3

953.3

978.7

1

2
3

Household sector
Rest of the world

152.8
0.0

227.9
0.0

235.1
0.0

196.4
0.0

148.2
0.0

159.5
0.0

248.5
0.0

227.6
0.0

182.5
0.0

201.2
0.0

215.6
0.0

2
3

4
5
6
7

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

419.5
276.7
76.3
66.5

448.7
323.9
67.6
57.2

587.6
412.4
74.7
100.5

629.5
454.3
81.9
93.3

590.6
412.7
79.2
98.7

637.1
429.6
91.5
115.9

723.4
515.1
104.5
103.8

712.6
503.4
99.4
109.8

688.8
475.4
91.5
121.9

752.1
513.0
96.0
143.1

763.1
526.3
96.7
140.1

4
5
6
7

572.2

676.6

822.7

825.9

738.8

796.6

971.9

940.2

871.3

953.3

978.7

8

8

Total liabilities

Total assets

9
10

Household sector
Rest of the world

276.7
0.0

323.9
0.0

412.4
0.0

454.3
0.0

412.7
0.0

429.6
0.0

515.1
0.0

503.4
0.0

475.4
0.0

513.0
0.0

526.3
0.0

9
10

11
12

Commercial banking
Brokers and dealers

142.8
152.8

124.8
227.9

175.2
235.1

175.2
196.4

177.9
148.2

207.4
159.5

208.3
248.5

209.1
227.6

213.5
182.5

239.2
201.2

236.8
215.6

11
12

97

Z.1, September 16, 2004

L.225 Life Insurance and Pension Fund Reserves
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

Life insurance reserves:
1

Total liabilities

718.3

783.9

819.1

880.0

920.9

936.3

959.7

973.0

1013.2

1034.3

1054.2

1

2
3

Federal government
Life insurance companies

33.6
684.7

35.0
748.9

36.4
782.7

37.8
842.2

39.4
881.6

39.4
896.9

39.8
919.9

39.9
933.1

40.5
972.7

40.5
993.8

40.9
1013.3

2
3

4

Total assets (Households)

718.3

783.9

819.1

880.0

920.9

936.3

959.7

973.0

1013.2

1034.3

1054.2

4

8123.2

9111.4

8901.3

8444.1

7754.1

7664.6

8239.9

8424.2

8960.6

9137.5

9266.7

5

Pension fund reserves:
5

Total liabilities

6
7

Life insurance companies
Private pension funds (1)

1248.1
4158.9

1428.1
4628.9

1453.1
4483.5

1462.1
4104.6

1488.0
3582.3

1506.3
3528.2

1606.5
3848.0

1646.6
3939.6

1713.7
4249.0

1760.7
4352.2

1800.9
4405.7

6
7

8
9

State and local govt. retirement funds
Federal government retirement funds (2)

1998.2
718.0

2278.3
776.2

2165.4
799.2

2015.4
862.0

1787.2
896.6

1745.0
885.0

1878.2
907.2

1915.1
922.9

2038.9
959.0

2072.3
952.2

2096.0
964.1

8
9

8123.2

9111.4

8901.3

8444.1

7754.1

7664.6

8239.9

8424.2

8960.6

9137.5

9266.7

10

10

Total assets (Households) (3)

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

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

Total taxes payable by all businesses

156.0

178.9

204.8

219.2

248.1

260.0

264.8

271.5

260.5

273.1

281.1

1

2
3

Nonfinancial corporate business
Nonfarm noncorporate business

64.1
44.1

71.0
53.0

78.0
64.6

81.0
68.7

93.0
76.8

97.2
81.7

96.6
84.1

99.1
85.3

84.5
86.5

92.0
87.9

96.2
88.9

2
3

4
5

U.S.-chartered commercial banks
Savings institutions

7.1
2.0

9.0
2.0

11.1
2.5

13.5
1.7

16.2
1.5

16.9
1.4

17.6
1.4

18.3
1.6

19.1
1.3

19.8
1.8

20.6
1.6

4
5

6
7

Life insurance companies
Other insurance companies

14.9
15.4

16.2
17.4

17.8
19.7

19.7
22.4

22.1
25.6

22.8
26.5

23.4
27.4

24.1
28.4

24.9
29.3

25.6
30.3

26.4
31.4

6
7

8
9

Finance companies
Brokers and dealers

7.3
1.3

8.1
2.2

9.1
2.1

10.2
1.9

11.6
1.3

12.0
1.6

12.4
1.9

12.8
2.0

13.2
1.8

13.6
1.9

14.1
2.0

8
9

38.5

66.1

84.7

125.9

120.8

152.2

151.5

172.9

176.3

201.8

188.4

10

17.1
21.4

27.6
38.5

42.4
42.4

46.1
79.8

56.5
64.3

62.2
90.0

66.5
85.0

69.9
103.1

73.5
102.8

77.9
123.9

84.5
103.9

11
12

117.5

112.8

120.0

93.4

127.3

107.8

113.3

98.5

84.2

71.3

92.7

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

1001.0

1130.4

1095.8

960.7

840.9

819.6

877.0

885.0

932.4

955.0

961.9

1

2

Asset: Household sector

1001.0

1130.4

1095.8

960.7

840.9

819.6

877.0

885.0

932.4

955.0

961.9

2

98

Z.1, September 16, 2004

L.229 Total Miscellaneous Financial Claims
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

8332.1

9325.1

10529.7

11342.4

12024.3

12283.6

12219.9

12446.8

12592.1

12881.0

12982.3

1

2
3
4

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

17.2
2563.5
392.9

19.4
2919.6
466.5

19.6
3446.3
552.6

19.1
3516.3
607.3

20.0
3585.9
627.7

20.7
3608.9
636.9

21.0
3609.8
646.4

21.0
3608.7
655.2

20.9
3564.6
664.3

21.0
3570.3
672.8

21.7
3516.6
681.1

2
3
4

5
6

Federal government
Rest of the world

649.6
1404.4

690.6
1719.8

711.3
1881.2

772.0
2085.6

798.2
2391.8

777.9
2554.9

790.7
2280.0

802.3
2269.9

831.3
2475.8

819.8
2519.8

829.8
2639.7

5
6

7
8
9
10

Monetary authority
Commercial banking
Savings institutions
Credit unions

10.7
1115.2
99.8
5.2

9.4
1077.4
85.1
6.0

10.6
1257.8
102.3
5.6

7.7
1256.6
130.7
3.8

30.3
1430.8
156.4
5.1

27.2
1416.1
187.4
1.5

30.7
1464.1
199.8
7.6

33.7
1547.2
207.9
8.5

34.5
1550.8
184.6
6.3

30.8
1610.3
225.7
19.5

28.7
1591.0
214.2
9.6

7
8
9
10

11
12

Life insurance companies
Other insurance companies

649.5
527.7

686.4
534.4

686.8
543.0

707.6
574.6

743.6
622.3

788.0
637.3

817.4
649.3

827.9
667.0

820.1
661.4

864.8
672.6

874.9
685.0

11
12

13
14
15

Government-sponsored enterprises
Finance companies
Mortgage companies

95.6
223.8
16.0

90.1
291.1
16.0

94.0
374.3
16.0

141.5
393.2
16.0

169.2
413.9
16.0

168.9
413.8
16.0

167.9
442.1
16.0

160.5
506.2
16.0

142.5
515.7
16.0

153.8
533.0
16.0

130.8
526.4
16.0

13
14
15

16
17
18

REITs
Brokers and dealers
Funding corporations

31.6
176.4
352.7

36.0
183.6
493.6

37.8
182.7
607.8

37.9
374.6
697.8

39.2
300.5
673.5

38.8
309.7
679.5

39.3
321.1
716.8

38.4
322.2
753.9

37.2
339.2
726.8

39.8
352.6
758.4

38.8
377.6
800.4

16
17
18

10441.4

11831.2

14147.2

15002.2

15610.6

15790.3

15813.7

15874.5

16121.8

16558.7

16535.3

19

19

Total liabilities

1999

Total assets

20
21
22
23

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business
Farm business

351.5
4475.0
382.1
45.4

364.3
5427.5
463.8
45.6

370.9
6722.6
553.7
45.5

389.4
6942.7
683.6
47.3

420.0
7067.8
781.1
51.4

431.3
7119.8
806.6
52.7

440.6
7194.5
831.6
53.9

457.5
7207.8
857.6
55.6

462.0
7365.5
883.6
56.0

471.5
7439.2
911.6
56.9

480.2
7464.6
942.9
58.2

20
21
22
23

24
25
26

State and local governments
Federal government
Rest of the world

226.9
101.4
1024.3

190.1
100.5
1175.3

242.7
99.1
1655.8

179.0
100.4
1739.8

189.5
100.5
1949.8

192.0
101.6
1989.1

186.2
101.5
1752.4

191.9
101.9
1615.7

187.9
101.9
1512.3

193.1
101.9
1676.3

190.1
102.0
1558.4

24
25
26

27
28
29
30
31

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

16.1
1065.2
62.1
24.3
23.0

16.8
1097.7
60.0
8.0
20.5

19.3
1196.9
67.6
12.9
21.7

20.3
1347.9
84.9
18.3
29.4

19.6
1443.4
103.9
28.7
26.8

19.3
1469.1
104.2
24.1
29.2

18.9
1488.0
109.1
27.2
31.6

18.5
1503.5
122.4
14.1
34.0

18.2
1532.4
99.7
29.2
36.4

18.1
1570.5
93.3
23.4
38.8

17.8
1589.4
97.0
25.7
41.2

27
28
29
30
31

32
33
34
35
36

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

69.2
47.0
622.2
66.1
642.9

36.9
50.6
638.9
81.0
684.0

55.6
51.8
626.4
93.5
704.9

40.1
54.4
621.3
113.8
765.8

46.8
74.1
619.8
105.9
790.3

68.1
77.3
621.6
98.6
767.8

68.4
79.0
631.4
106.7
778.6

71.0
81.9
638.2
127.2
788.1

74.7
85.5
662.2
131.6
815.0

107.0
87.7
670.5
138.8
801.2

110.2
90.2
678.6
137.0
809.2

32
33
34
35
36

37
38
39

Money market mutual funds
Mutual funds
Government-sponsored enterprises

67.7
7.7
67.6

90.4
4.2
72.5

102.5
3.8
63.4

128.6
0.8
68.9

121.6
0.9
90.9

115.8
1.7
105.3

117.4
1.7
119.6

130.6
3.1
104.9

137.0
1.9
107.3

137.4
3.1
118.0

134.4
3.1
116.1

37
38
39

40
41
42
43

Finance companies
REITs
Brokers and dealers
Funding corporations

184.4
21.2
499.3
348.7

235.7
21.1
522.8
423.1

261.0
22.0
655.1
498.6

281.8
22.5
821.0
500.0

291.3
22.6
723.7
540.2

294.9
23.5
723.2
553.4

327.9
24.1
791.3
532.2

375.9
25.0
827.5
520.5

393.7
24.4
858.8
544.6

372.7
28.6
950.3
548.8

337.6
29.6
956.1
565.7

40
41
42
43

-2109.2

-2506.1

-3617.5

-3659.8

-3586.3

-3506.7

-3593.8

-3427.7

-3529.7

-3677.7

-3552.9

44

44

Discrepancy

99

Z.1, September 16, 2004

L.230 Identified Miscellaneous Financial Claims - Part I
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003

2004

Q1

Q2

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

1196.0
1041.0
31.2
11.1
47.0
58.0
7.7

1414.4
1227.7
35.2
16.2
50.6
69.9
14.7

1531.6
1322.2
43.5
17.5
51.8
76.6
20.0

1686.6
1456.2
49.6
18.2
54.4
93.9
14.3

1840.0
1575.9
52.1
23.7
74.1
101.6
12.7

1884.6
1609.6
53.6
24.2
77.3
106.8
13.0

1922.3
1641.3
54.5
25.9
79.0
107.5
14.0

1969.8
1682.2
55.4
26.6
81.9
109.7
14.0

2013.8
1704.0
60.4
28.5
85.5
119.9
15.7

2065.0
1747.5
62.1
29.1
87.7
122.0
16.5

2131.5
1802.2
63.8
30.0
90.2
125.9
19.4

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

812.0
3.4
46.1
27.3
47.3
37.2
10.7
-63.9

971.2
3.3
62.0
32.1
51.5
48.6
13.9
-80.9

1171.4
3.4
64.2
42.9
60.9
63.2
20.1
-5.1

1145.8
2.9
67.2
38.8
66.4
68.6
72.2
51.6

1086.7
3.0
76.8
38.9
69.9
60.1
77.4
92.3

1099.4
3.0
80.4
40.2
69.7
77.0
76.9
90.6

1082.7
3.0
80.3
39.6
70.5
78.1
78.9
105.4

1079.9
2.9
80.8
40.0
69.9
81.0
78.5
104.0

1091.0
3.1
87.5
58.3
62.4
64.9
80.2
97.6

1104.5
3.0
88.0
57.7
63.0
66.4
79.8
92.7

1086.2
3.1
89.7
72.2
62.3
71.7
80.1
124.2

8
9
10
11
12
13
14
15

16

Asset: Rest of the world

920.0

1101.7

1421.0

1513.5

1505.2

1537.3

1538.6

1537.0

1545.1

1555.1

1589.6

16

32.4
32.4

33.9
33.9

35.4
35.4

37.1
37.1

38.6
38.6

38.9
38.9

39.3
39.3

39.7
39.7

40.0
40.0

40.3
40.3

40.8
40.8

17
18

6.0
6.0

6.4
6.4

7.0
7.0

7.4
7.4

8.4
8.4

8.5
8.5

8.7
8.7

8.7
8.7

8.8
8.8

9.0
9.0

9.2
9.2

19
20

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

25.5

31.6

33.8

37.1

39.1

40.3

40.9

41.7

42.3

44.1

45.2

21

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)

0.0
1.6
1.7
0.0
10.0
11.8
0.3
0.2

0.0
1.6
1.6
0.0
13.0
14.5
0.5
0.3

0.0
1.6
1.6
0.0
13.8
15.7
0.6
0.4

0.0
1.8
2.0
0.0
15.2
17.0
0.9
0.3

0.0
1.8
2.1
0.0
17.5
16.0
1.2
0.5

0.0
1.9
2.1
0.0
18.0
16.6
1.2
0.6

0.0
1.8
2.2
0.0
18.4
16.4
1.3
0.8

0.0
1.8
2.3
0.0
18.6
16.7
1.4
1.0

0.0
2.1
2.5
0.0
18.7
16.4
1.4
1.1

0.0
2.2
2.4
0.0
19.1
17.6
1.5
1.2

0.0
2.1
2.6
0.0
19.3
18.4
1.6
1.2

22
23
24
25
26
27
28
29

BHC investment in subsidiaries:
30
31
32
33
34

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

469.0
5.4
17.1
16.0
95.4

471.9
6.0
43.9
16.0
85.4

525.4
6.6
51.3
16.0
115.8

586.1
7.4
49.6
16.0
146.4

639.2
8.3
44.1
16.0
150.9

650.1
8.5
43.6
16.0
159.6

667.0
8.8
48.0
16.0
174.7

679.6
9.1
47.9
16.0
182.2

689.8
9.3
49.9
16.0
189.1

708.1
9.6
52.4
16.0
214.7

738.5
9.9
53.9
16.0
223.4

30
31
32
33
34

35

Asset: Bank holding companies

603.0

623.1

715.1

805.6

858.5

877.8

914.6

934.8

954.1

1000.9

1041.8

35

17.1
17.1

43.9
43.9

51.3
51.3

49.6
49.6

44.1
44.1

43.6
43.6

48.0
48.0

47.9
47.9

49.9
49.9

52.4
52.4

53.9
53.9

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

90.6
258.2

93.0
330.1

138.7
359.9

107.9
392.2

132.6
407.6

128.3
425.1

124.8
407.4

118.3
402.2

130.8
413.8

157.9
390.8

137.4
428.3

38
39

40

Asset: Funding corporations

348.7

423.1

498.6

500.0

540.2

553.4

532.2

520.5

544.6

548.8

565.7

40

100

Z.1, September 16, 2004

L.231 Identified Miscellaneous Financial Claims - Part II
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1999

2000

2001

2002

2003
Q1

Q2

2004
Q3

Q4

Q1

Q2

Nonofficial foreign currencies:
1
2

Liab.: Rest of the world
Asset: Federal government

2.1
2.1

2.7
2.7

2.8
2.8

2.7
2.7

2.8
2.8

2.8
2.8

2.8
2.8

2.9
2.9

3.0
3.0

3.1
3.1

3.1
3.1

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

24.9
24.9

17.1
17.1

17.1
17.1

25.7
25.7

27.6
27.6

30.5
30.5

30.8
30.8

28.4
28.4

20.5
20.5

24.9
24.9

19.1
19.1

5
6

17.2
17.2

19.4
19.4

19.6
19.6

19.1
19.1

20.0
20.0

20.7
20.7

21.0
21.0

21.0
21.0

20.9
20.9

21.0
21.0

21.7
21.7

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
12

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

150.3
83.0
37.1
30.2

162.0
93.5
38.4
30.1

168.9
97.4
39.5
32.0

175.4
100.5
40.4
34.4

185.6
110.6
40.6
34.5

188.5
112.3
40.7
35.5

191.1
114.4
41.8
34.9

198.1
118.6
42.6
36.9

199.5
121.5
40.5
37.5

202.4
123.8
40.4
38.1

203.5
123.1
42.5
37.9

9
10
11
12

13

Asset: Household sector

150.3

162.0

168.9

175.4

185.6

188.5

191.1

198.1

199.5

202.4

203.5

13

Policy payables:
14

Liab.: Other insurance companies

480.4

482.9

482.1

508.2

552.4

567.7

578.8

597.0

599.0

609.6

622.6

14

15
16
17
18

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

201.3
189.8
45.6
43.7

202.3
190.8
45.9
43.9

202.0
190.4
45.8
43.9

214.0
200.8
48.3
45.3

232.4
218.2
52.5
49.3

238.9
224.2
53.9
50.7

243.5
228.6
55.0
51.7

251.2
235.8
56.7
53.3

252.0
236.6
56.9
53.5

256.4
240.8
57.9
54.5

261.9
245.9
59.2
55.7

15
16
17
18

384.6
384.6

396.4
396.4

381.4
381.4

372.2
372.2

366.5
366.5

367.1
367.1

377.9
377.9

385.1
385.1

406.5
406.5

413.9
413.9

419.7
419.7

19
20

114.9
114.9

107.3
107.3

108.5
108.5

109.8
109.8

111.1
111.1

111.4
111.4

111.8
111.8

112.1
112.1

112.4
112.4

113.0
113.0

113.3
113.3

21
22

403.3
403.3

419.5
419.5

508.2
508.2

578.3
578.3

575.4
575.4

567.7
567.7

628.9
628.9

672.7
672.7

678.0
678.0

758.9
758.9

753.8
753.8

23
24

642.9
642.9

684.0
684.0

704.9
704.9

765.8
765.8

790.3
790.3

767.8
767.8

778.6
778.6

788.1
788.1

815.0
815.0

801.2
801.2

809.2
809.2

25
26

0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0

1.9
1.9

4.0
4.0

6.1
6.1

8.2
8.2

10.5
10.5

12.7
12.7

14.8
14.8

27
28

Unallocated insurance company contracts:
19
20

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

21
22

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

23
24

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

25
26

Liab.: Federal government
Asset: Federal government retirement funds
Uniformed Services Retiree Health Care Fund:

27
28

Liab.: Federal government
Asset: Household sector

101

Z.1, September 16, 2004

L.232 Unidentified Miscellaneous Financial Claims
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1998

1

Total liabilities

1999

2000

2001

2002

2003

2004

Q1

Q2

Q3

Q4

Q1

Q2

2962.8

3355.6

3842.5

4148.3

4516.6

4671.2

4447.6

4532.9

4528.3

4604.9

4523.7

1

1636.6
389.6

1841.1
463.2

2166.3
549.2

2260.7
604.3

2388.0
624.7

2398.1
634.0

2415.3
643.4

2416.7
652.3

2361.2
661.2

2352.8
669.7

2317.0
678.1

2
3

Federal government
Rest of the world
Monetary authority

6.7
173.9
4.8

6.6
268.8
3.0

6.4
311.5
3.6

6.2
359.2
0.4

6.0
510.4
21.9

6.1
628.7
18.7

6.0
315.6
22.0

6.0
257.5
25.0

5.8
419.0
25.7

5.9
411.4
21.9

5.8
464.3
19.4

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

509.6
193.0
220.6
74.1
21.9

450.6
181.2
157.2
88.1
24.1

529.5
263.2
137.2
104.4
24.8

495.4
173.7
141.9
150.8
29.0

582.1
210.6
152.4
190.9
28.3

557.3
221.8
105.3
200.4
29.8

591.9
235.3
101.0
224.5
31.1

668.4
280.8
120.9
232.7
34.1

642.7
263.2
106.4
241.4
31.7

656.3
287.2
85.6
249.0
34.6

625.4
261.2
69.4
257.9
36.9

7
8
9
10
11

12
13
14
15

Savings institutions
Credit unions
Life insurance companies
Government-sponsored enterprises

94.4
5.2
87.4
45.2

79.2
6.0
95.9
41.5

95.7
5.6
93.7
43.1

123.3
3.8
121.2
78.7

148.1
5.1
152.6
102.5

178.9
1.5
192.2
98.1

191.0
7.6
208.8
96.2

198.9
8.5
204.7
90.3

175.3
6.3
155.8
79.7

216.1
19.5
190.9
84.8

204.3
9.6
179.5
66.6

12
13
14
15

16
17
18
19

Finance companies
REITs
Brokers and dealers
Funding corporations

152.3
31.6
-187.8
13.4

154.6
36.0
-245.8
154.9

208.5
37.8
-313.1
104.7

225.4
37.9
-236.1
68.0

265.6
39.2
-335.4
5.7

249.6
38.8
-351.9
21.1

267.9
39.3
-339.9
-17.5

329.4
38.4
-340.6
-22.7

351.1
37.2
-343.8
-48.8

361.7
39.8
-332.8
-93.2

346.8
38.8
-354.2
-77.6

16
17
18
19

5072.1

5861.7

7460.0

7808.1

8102.9

8177.9

8041.3

7960.6

8058.0

8282.6

8076.6

20

3227.0
334.9
226.9

3965.1
416.3
190.1

5158.7
506.2
242.7

5236.2
633.5
179.0

5229.7
726.9
189.5

5242.3
750.8
192.0

5276.5
774.8
186.2

5241.9
799.1
191.9

5375.1
824.6
187.9

5398.5
851.4
193.1

5362.6
881.7
190.1

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

66.9
104.3
16.1

63.9
73.6
16.8

61.0
234.8
19.3

60.7
226.3
20.3

59.1
444.6
19.6

59.9
451.8
19.3

59.3
213.8
18.9

59.3
78.7
18.5

58.9
-32.8
18.2

58.5
121.3
18.1

58.1
-31.1
17.8

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

415.1
114.3
234.5
56.5
9.7

419.9
121.0
204.9
85.4
8.7

417.4
127.4
177.1
106.3
6.6

470.1
158.2
187.2
112.2
12.5

506.9
176.8
184.2
139.5
6.4

511.2
215.2
142.5
145.7
7.9

491.8
210.4
127.6
147.1
6.8

486.0
204.3
125.5
149.9
6.3

490.4
200.3
123.9
161.9
4.3

479.4
192.4
101.0
181.4
4.6

455.4
189.5
80.6
181.4
3.9

27
28
29
30
31

32
33
34

Savings institutions
Credit unions
Bank personal trusts and estates

25.5
24.0
23.0

28.4
7.4
20.5

34.8
12.3
21.7

42.3
17.4
29.4

60.3
27.6
26.8

57.2
22.9
29.2

61.9
25.9
31.6

77.3
12.7
34.0

62.7
27.8
36.4

50.8
21.9
38.8

59.4
24.1
41.2

32
33
34

35
36
37

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

40.7
122.7
66.1

0.9
135.3
81.0

18.2
136.5
93.5

2.5
139.3
113.8

2.6
142.2
105.9

22.6
143.1
98.6

20.8
141.8
106.7

22.4
141.0
127.2

24.2
143.3
131.6

55.8
143.6
138.8

57.1
145.5
137.0

35
36
37

38
39
40

Mutual funds
Money market mutual funds
Government-sponsored enterprises

7.7
67.7
67.6

4.2
90.4
72.5

3.8
102.5
63.4

0.8
128.6
68.9

0.9
121.6
90.9

1.7
115.8
105.3

1.7
117.4
119.6

3.1
130.6
104.9

1.9
137.0
107.3

3.1
137.4
118.0

3.1
134.4
116.1

38
39
40

41
42
43

Finance companies
REITs
Brokers and dealers

126.4
21.2
88.4

165.7
21.1
88.6

184.4
22.0
126.9

187.9
22.5
228.4

189.6
22.6
135.6

188.0
23.5
142.5

220.4
24.1
148.3

266.2
25.0
140.7

273.8
24.4
165.1

250.7
28.6
174.9

211.7
29.6
182.9

41
42
43

-2109.2

-2506.1

-3617.5

-3659.8

-3586.3

-3506.7

-3593.8

-3427.7

-3529.7

-3677.7

-3552.9

44

44

Discrepancy