58

Z.1, September 17, 2007

L.1 Credit Market Debt Outstanding (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1
2
3
4
5
6
7
8

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

29203.9

31685.0

34448.1

37619.7

40926.0

41911.3

42860.5

43744.1

44747.0

45667.8

46573.6

1

19213.4

20615.8

22325.5

24320.7

26505.9

27145.1

27657.0

28166.0

28795.7

29377.2

29868.9

2

7680.3
4728.9
1958.7
162.7
1303.4
3379.5

8513.2
4741.7
2106.7
169.8
1447.3
3637.0

9495.8
4862.2
2198.8
168.1
1567.6
4033.1

10592.9
5032.3
2443.5
174.2
1682.8
4395.0

11707.0
5285.0
2770.8
186.9
1854.2
4701.9

11975.9
5386.3
2856.9
187.6
1880.4
4858.0

12308.2
5513.8
2935.0
194.8
1921.9
4783.2

12612.6
5566.3
3015.4
199.7
1945.4
4826.6

12872.7
5720.5
3105.3
205.3
2006.6
4885.3

13046.6
5852.4
3171.6
206.0
2063.1
5037.4

13292.1
6050.1
3259.1
210.2
2130.2
4927.2

3
4
5
6
7
8

9

Rest of the world

862.9

1072.3

1249.7

1431.3

1514.9

1549.7

1572.7

1701.3

1767.0

1782.6

1839.1

9

10

Financial sectors

9127.6

9996.9

10872.9

11867.6

12905.2

13216.5

13630.8

13876.8

14184.3

14508.0

14865.6

10

11
12
13
14

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

562.1
294.9
1.1
266.1

611.8
324.8
0.7
286.4

660.4
338.0
0.6
321.8

738.7
356.7
0.7
381.3

823.9
393.6
0.8
429.5

837.0
397.6
0.8
438.7

889.6
421.9
0.7
467.0

900.3
423.4
0.7
476.2

998.0
497.8
0.5
499.7

1015.5
494.9
0.3
520.3

1062.5
510.6
0.4
551.5

11
12
13
14

15
16

Savings institutions
Credit unions

285.7
4.9

262.3
6.9

296.8
9.1

385.8
11.4

409.6
14.7

406.1
14.6

411.2
16.3

412.4
16.8

297.8
18.9

288.4
16.2

289.5
18.9

15
16

17
18
19
20

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

3.1
2130.6
2831.8
1738.3

5.1
2350.4
3158.6
1950.8

8.0
2601.3
3326.7
2163.2

11.1
2676.3
3389.5
2578.5

11.5
2592.2
3563.7
3268.0

12.2
2592.1
3641.1
3453.0

12.5
2643.3
3703.3
3641.0

13.1
2624.8
3784.7
3821.3

14.2
2637.4
3858.8
4019.0

15.4
2644.6
3981.5
4160.2

18.6
2669.3
4103.9
4298.2

17
18
19
20

21
22
23
24

Finance companies
REITs
Brokers and dealers
Funding corporations

818.0
171.2
42.3
539.5

884.2
198.5
40.6
527.6

995.3
230.0
47.0
535.2

1129.6
343.2
62.2
541.3

1108.6
402.9
62.4
647.9

1099.3
418.2
71.1
671.7

1122.2
432.4
72.8
686.2

1119.5
440.5
74.0
669.2

1144.2
444.0
68.8
683.3

1133.6
444.6
83.7
724.2

1134.7
445.6
93.6
730.9

21
22
23
24

29203.9

31685.0

34448.1

37619.7

40926.0

41911.3

42860.5

43744.1

44747.0

45667.8

46573.6

25

3695.8

3912.3

4290.0

4672.9

5034.9

5119.1

5175.6

5223.0

5291.9

5364.6

5388.0

26

2126.8
243.6
73.1
981.2
271.1

2227.2
269.4
72.4
1067.4
275.9

2550.5
266.2
73.9
1125.6
273.8

2824.1
296.7
85.4
1190.2
276.5

3026.0
345.3
99.1
1290.7
273.8

3107.7
338.6
102.3
1293.9
276.6

3137.7
343.6
104.7
1312.8
277.0

3171.8
342.5
107.7
1323.0
278.0

3185.8
364.1
110.7
1353.4
277.9

3249.7
358.1
113.3
1360.4
283.2

3244.6
356.4
116.4
1386.3
284.3

27
28
29
30
31

25
26
27
28
29
30
31

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

32

Rest of the world

3213.2

3736.8

4169.3

4990.2

5603.3

5792.6

6027.5

6213.8

6486.7

6731.7

6946.5

32

33

Financial sectors

22294.9

24035.9

25988.7

27956.6

30287.8

30999.6

31657.3

32307.3

32968.4

33571.4

34239.1

33

34
35
36
37
38
39
40
41

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

551.7
5210.5
4610.1
510.7
24.7
65.0
1133.2
421.2

629.4
5614.9
5003.9
516.9
27.8
66.3
1166.6
465.4

666.7
5994.3
5390.6
490.3
36.4
76.9
1293.9
516.6

717.8
6602.3
5961.8
513.3
36.4
90.8
1417.4
556.4

744.2
7260.7
6469.7
657.8
32.2
101.0
1616.7
592.6

758.5
7433.0
6620.9
676.2
33.9
102.0
1648.9
604.1

766.4
7649.6
6806.5
711.2
31.9
99.9
1679.5
615.6

768.9
7696.9
6828.0
736.2
33.6
99.1
1744.5
618.9

778.9
8019.1
7122.7
761.6
35.6
99.3
1518.6
622.7

780.9
8023.5
7088.6
805.9
31.4
97.6
1577.5
630.0

790.5
8217.8
7234.4
855.3
30.1
98.1
1595.2
642.5

34
35
36
37
38
39
40
41

42
43
44
45
46

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

518.4
2074.8
585.8
689.4
44.8

558.3
2307.8
577.3
638.7
57.6

625.2
2488.3
646.5
649.9
63.6

698.8
2661.4
646.1
677.1
68.2

765.8
2765.4
658.6
674.3
76.0

780.8
2806.3
660.5
672.0
77.3

792.9
2827.9
672.5
686.9
81.8

800.8
2842.5
682.2
688.8
83.7

813.5
2806.1
692.6
709.6
84.3

821.7
2825.0
707.8
712.7
88.1

838.5
2841.5
723.8
715.2
88.9

42
43
44
45
46

47
48
49
50
51
52
53

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

1584.9
1229.7
108.5
0.0
2099.1
2831.8
1643.3

1567.1
1368.4
117.1
3.7
2323.2
3158.6
1862.3

1471.3
1506.4
152.6
4.5
2564.2
3326.7
2081.2

1346.3
1623.0
163.6
8.2
2613.0
3389.5
2497.6

1340.8
1747.1
165.1
15.0
2543.9
3563.7
3168.0

1353.5
1805.4
167.8
15.7
2552.5
3641.1
3349.8

1375.9
1839.5
171.9
18.0
2591.2
3703.3
3533.3

1452.9
1874.0
170.6
18.7
2579.0
3784.7
3705.4

1561.0
1932.0
172.0
20.7
2589.8
3858.8
3893.8

1634.4
2005.4
171.9
22.4
2556.0
3981.5
4036.8

1699.7
2085.0
177.7
26.3
2589.0
4103.9
4166.0

47
48
49
50
51
52
53

54
55
56
57

Finance companies
REITs
Brokers and dealers
Funding corporations

978.4
48.0
316.0
225.5

1082.0
71.7
344.4
121.3

1204.9
97.5
424.1
210.5

1419.8
200.1
394.9
254.9

1537.1
267.0
477.2
308.6

1542.9
277.1
497.2
355.1

1574.4
291.6
470.0
315.4

1608.2
302.7
537.3
346.3

1626.8
324.5
583.4
360.2

1617.6
315.4
676.6
386.1

1613.5
308.7
592.0
423.3

54
55
56
57

(1) Excludes corporate equities and mutual fund shares.

59

Z.1, September 17, 2007

L.2 Credit Market Debt Owed by Nonfinancial Sectors
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

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

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

Q2

2007
Q3

Q4

Q1

Q2

19213.4

20615.8

22325.5

24320.7

26505.9

27145.1

27657.0

28166.0

28795.7

29377.2

29868.9

1

19213.4
177.9
3352.7
26.8
1603.5
2578.0
1239.5
934.2

20615.8
119.9
3609.8
27.3
1762.9
2710.3
1133.0
949.9

22325.5
84.8
4008.2
24.9
1900.5
2868.6
1088.4
955.4

24320.7
101.6
4370.7
24.3
2031.0
2946.3
1099.2
975.8

26505.9
93.8
4678.0
23.8
2225.8
3006.2
1236.8
1023.5

27145.1
100.4
4834.4
23.6
2254.2
3058.9
1283.1
1028.5

27657.0
115.4
4759.6
23.6
2305.6
3110.0
1316.4
1063.5

28166.0
114.2
4803.2
23.4
2332.6
3144.6
1361.6
1040.7

28795.7
117.1
4861.7
23.5
2404.2
3224.8
1410.2
1067.5

29377.2
130.2
5014.3
23.2
2466.3
3296.0
1441.6
1076.8

29868.9
159.5
4904.0
23.2
2542.8
3393.0
1477.1
1104.3

2
3
4
5
6
7
8
9

7408.9
5678.0
427.4
1214.9
88.5
1892.0

8302.8
6436.6
464.2
1306.6
95.4
1999.9

9290.4
7226.8
543.0
1426.5
94.1
2104.4

10552.5
8285.0
594.1
1576.6
96.9
2219.4

11904.4
9323.2
666.6
1813.0
101.5
2313.7

12278.8
9625.5
682.9
1867.1
103.4
2283.2

12647.6
9917.2
695.4
1929.7
105.2
2315.4

12977.5
10166.6
706.5
1997.2
107.1
2368.2

13267.4
10359.0
725.8
2073.5
109.0
2419.3

13526.8
10547.0
735.7
2134.3
109.8
2402.1

13832.0
10749.7
752.3
2219.5
110.5
2432.9

10
11
12
13
14
15

19213.4
7680.3
6850.2
4728.9
1958.7
162.7
1303.4
3379.5

20615.8
8513.2
7018.2
4741.7
2106.7
169.8
1447.3
3637.0

22325.5
9495.8
7229.1
4862.2
2198.8
168.1
1567.6
4033.1

24320.7
10592.9
7650.0
5032.3
2443.5
174.2
1682.8
4395.0

26505.9
11707.0
8242.8
5285.0
2770.8
186.9
1854.2
4701.9

27145.1
11975.9
8430.8
5386.3
2856.9
187.6
1880.4
4858.0

27657.0
12308.2
8643.6
5513.8
2935.0
194.8
1921.9
4783.2

28166.0
12612.6
8781.4
5566.3
3015.4
199.7
1945.4
4826.6

28795.7
12872.7
9031.1
5720.5
3105.3
205.3
2006.6
4885.3

29377.2
13046.6
9230.0
5852.4
3171.6
206.0
2063.1
5037.4

29868.9
13292.1
9519.4
6050.1
3259.1
210.2
2130.2
4927.2

16
17
18
19
20
21
22
23

24

Foreign credit market debt
held in U.S.

862.9

1072.3

1249.7

1431.3

1514.9

1549.7

1572.7

1701.3

1767.0

1782.6

1839.1

24

25
26
27
28

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

196.0
557.1
63.2
46.6

254.2
705.2
68.6
44.3

267.1
874.4
66.1
42.2

329.9
993.0
69.9
38.6

368.4
1028.2
84.4
34.0

389.0
1043.4
85.7
31.6

370.1
1079.5
93.4
29.7

458.6
1124.6
90.4
27.7

461.4
1180.8
98.3
26.6

459.2
1224.5
73.1
25.8

456.8
1272.3
84.9
25.1

25
26
27
28

20076.3

21688.1

23575.2

25752.1

28020.8

28694.8

29229.7

29867.3

30562.7

31159.8

31708.0

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

Brokers and dealers
Finance companies
REITs
Funding corporations

9127.6

9996.9

10872.9

11867.6

12905.2

13216.5

13630.8

13876.8

14184.3

14508.0

14865.6

1

1100.2
2130.6
2831.8
2394.2
121.6
463.7
85.6

1000.7
2350.4
3158.6
2777.6
142.6
470.5
96.5

941.0
2601.3
3326.7
3233.6
164.0
501.7
104.7

967.6
2676.3
3389.5
3905.8
222.1
575.8
130.6

1182.1
2592.2
3563.7
4563.5
239.1
620.2
144.5

1209.0
2592.1
3641.1
4768.8
239.5
616.9
149.2

1279.5
2643.3
3703.3
4975.1
237.2
641.5
151.0

1292.5
2624.8
3784.7
5149.0
229.0
643.7
153.0

1379.5
2637.4
3858.8
5340.8
175.0
641.4
151.5

1414.3
2644.6
3981.5
5512.1
183.3
624.4
147.7

1493.5
2669.3
4103.9
5610.9
196.4
642.0
149.8

2
3
4
5
6
7
8

9127.6

9996.9

10872.9

11867.6

12905.2

13216.5

13630.8

13876.8

14184.3

14508.0

14865.6

9

296.0
266.1
285.7
4.9

325.5
286.4
262.3
6.9

338.6
321.8
296.8
9.1

357.4
381.3
385.8
11.4

394.3
429.5
409.6
14.7

398.4
438.7
406.1
14.6

422.6
467.0
411.2
16.3

424.1
476.2
412.4
16.8

498.3
499.7
297.8
18.9

495.2
520.3
288.4
16.2

511.0
551.5
289.5
18.9

10
11
12
13

3.1
2130.6
2831.8
1738.3

5.1
2350.4
3158.6
1950.8

8.0
2601.3
3326.7
2163.2

11.1
2676.3
3389.5
2578.5

11.5
2592.2
3563.7
3268.0

12.2
2592.1
3641.1
3453.0

12.5
2643.3
3703.3
3641.0

13.1
2624.8
3784.7
3821.3

14.2
2637.4
3858.8
4019.0

15.4
2644.6
3981.5
4160.2

18.6
2669.3
4103.9
4298.2

14
15
16
17

42.3
818.0
171.2
539.5

40.6
884.2
198.5
527.6

47.0
995.3
230.0
535.2

62.2
1129.6
343.2
541.3

62.4
1108.6
402.9
647.9

71.1
1099.3
418.2
671.7

72.8
1122.2
432.4
686.2

74.0
1119.5
440.5
669.2

68.8
1144.2
444.0
683.3

83.7
1133.6
444.6
724.2

93.6
1134.7
445.6
730.9

18
19
20
21

60

Z.1, September 17, 2007

L.4 Credit Market Debt, All Sectors, by Instrument
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1
2
3
4
5
6
7
8
9
10

11
12

Total

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

29203.9

31685.0

34448.1

37619.7

40926.0

41911.3

42860.5

43744.1

44747.0

45667.8

46573.6

1

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

1474.0
3352.7
4989.1
1603.5
5529.3

1374.9
3609.8
5536.3
1762.9
6193.0

1292.9
4008.2
5952.9
1900.5
6976.5

1399.1
4370.7
6090.0
2031.0
7845.0

1644.2
4678.0
6179.7
2225.8
8597.9

1698.4
4834.4
6256.8
2254.2
8871.1

1764.9
4759.6
6370.2
2305.6
9164.6

1865.3
4803.2
6432.9
2332.6
9418.2

1958.0
4861.7
6519.7
2404.2
9746.3

2003.7
5014.3
6649.3
2466.3
10032.6

2109.8
4904.0
6796.3
2542.8
10276.2

2
3
4
5
6

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

1424.3
1444.5
7494.4
1892.0

1344.2
1464.7
8399.3
1999.9

1318.4
1499.3
9395.1
2104.4

1391.2
1590.2
10683.1
2219.4

1560.3
1677.6
12048.8
2313.7

1608.3
1677.0
12428.0
2283.2

1647.0
1734.6
12798.6
2315.4

1681.0
1712.1
13130.5
2368.2

1683.4
1735.4
13418.9
2419.3

1697.9
1727.0
13674.5
2402.1

1758.4
1771.4
13981.8
2432.9

7
8
9
10

15310.6
4135.4

11900.5
3638.4

15618.5
4654.2

17389.3
5436.3

18509.0
6048.9

19447.0
6463.8

18994.7
6419.3

19685.1
6627.9

20905.9
7068.3

21130.4
7328.7

22218.7
7801.1

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)

29203.9

31685.0

34448.1

37619.7

40926.0

41911.3

42860.5

43744.1

44747.0

45667.8

46573.6

1

2
3
4
5
6

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

46.8
2.2
24.5
810.1
191.4

55.8
2.2
25.5
831.1
206.0

62.3
2.2
26.0
867.1
193.0

62.2
2.2
26.7
957.0
212.2

45.9
2.2
27.5
1024.7
201.3

46.0
2.2
27.6
1078.8
181.0

48.3
2.2
27.8
1149.3
139.6

46.5
2.2
28.1
1139.6
147.2

46.0
2.2
28.1
1123.5
189.8

46.6
2.2
28.2
1194.7
49.8

46.1
2.2
28.5
1308.5
73.8

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

1360.2
3370.5
1121.0
2240.6
1233.7

1351.9
3695.9
1171.0
2223.9
1340.3

1436.9
4003.3
1226.8
2016.4
1559.1

1521.7
4284.9
1505.1
1879.8
1647.2

1525.2
4599.3
1789.5
2006.9
1998.0

1507.8
4692.9
1887.7
2014.1
2122.3

1536.8
4734.0
1965.6
2067.4
2213.3

1491.1
4792.1
2055.9
2166.5
2368.2

1509.6
4943.2
2050.8
2312.5
2494.0

1501.3
5072.6
2122.5
2390.0
2675.9

1500.3
5107.0
2148.8
2489.7
2731.0

7
8
9
10
11

12
13
14
15

Mutual fund shares
Security credit
Life insurance reserves
Pension fund reserves

4135.4
825.9
880.0
8766.4

3638.4
738.8
920.9
8198.0

4654.2
858.8
1013.2
9717.2

5436.3
1038.2
1060.4
10627.2

6048.9
1038.4
1082.6
11176.7

6463.8
1105.5
1102.3
11440.9

6419.3
1148.6
1110.1
11298.4

6627.9
1191.5
1133.5
11547.7

7068.3
1249.9
1163.7
12077.6

7328.7
1291.0
1172.7
12188.7

7801.1
1368.4
1201.1
12608.9

12
13
14
15

16
17
18

Trade payables
Taxes payable
Miscellaneous

2359.0
219.2
11169.4

2445.7
241.4
11826.6

2468.1
240.4
12241.1

2648.1
268.9
13711.2

2946.1
295.8
14456.3

2964.4
311.5
14319.1

3041.6
311.6
14241.2

3056.1
322.4
14300.4

3108.7
316.5
15074.9

3146.8
335.0
15094.6

3203.1
336.8
15248.7

16
17
18

19

Total liabilities

67960.2

70598.5

77033.9

84508.7

91191.2

93179.3

94315.8

96160.9

99506.2

101309.0

103777.4

19

20
21
22

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

21.8
15310.6
4828.8

23.2
11900.5
4989.9

23.7
15618.5
5429.8

24.6
17389.3
6030.2

19.3
18509.0
6835.4

19.4
19447.0
7034.1

19.7
18994.7
7217.6

19.7
19685.1
7373.6

19.9
20905.9
7495.6

20.0
21130.4
7682.6

20.1
22218.7
7877.9

20
21
22

23
24
25

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

-8.6
630.9
11.1

-9.1
652.5
15.5

-9.5
705.3
12.7

-9.7
767.2
27.3

-9.1
807.9
25.2

-10.3
858.8
27.1

-10.2
932.8
27.8

-10.0
942.4
41.4

-10.1
907.1
23.2

-10.2
997.0
32.6

-10.0
1107.7
20.1

23
24
25

390.6
93.3
-3465.3

426.6
126.3
-3287.6

394.1
69.2
-3041.9

252.8
97.0
-2948.5

389.4
95.4
-4229.8

253.5
93.0
-4326.0

374.9
74.1
-4648.8

444.8
58.1
-4894.2

525.3
52.5
-4966.1

484.3
58.4
-5239.8

502.6
55.2
-5485.6

26
27
28

26
27
28

Security RPs
Taxes payable
Miscellaneous

29
30
31

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

-12.3
21.6
-153.8

-11.7
20.9
10.9

-17.9
20.8
49.0

11.2
20.6
56.5

1.8
20.6
-15.5

1.5
16.4
-97.0

1.5
19.7
-133.7

2.7
12.4
-153.9

0.1
20.6
-63.0

1.3
16.4
-119.8

-0.8
19.6
-155.7

29
30
31

32

Totals identified to sectors as assets

90613.9

89568.1

99923.9

109678.3

119469.0

122862.8

123909.6

126795.8

131438.2

133922.0

137841.1

32

61

Z.1, September 17, 2007

L.10 Assets and Liabilities of the Personal Sector (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

28237.6

25884.9

30007.8

32708.5

34693.7

35823.9

35659.4

36450.7

37715.0

38194.2

39253.5

1

48.7
532.8
3586.9
1172.2

49.9
539.2
3925.4
1131.3

52.1
489.9
4288.2
1012.9

57.5
523.5
4723.5
965.0

61.6
431.5
5189.5
1028.7

64.8
434.3
5346.5
1036.5

69.0
400.2
5403.7
1076.1

68.4
395.5
5551.5
1102.3

67.5
380.7
5611.9
1212.9

71.8
379.7
5790.6
1193.0

78.6
369.9
5832.9
1278.8

2
3
4
5

11194.0

9001.9

11151.2

12110.0

12814.0

13401.8

13207.2

13490.8

13986.2

14087.0

14448.6

6

97.3
190.3
297.5
410.9

110.4
194.9
136.0
265.1

105.9
203.8
283.0
402.3

136.1
204.4
403.4
460.7

164.2
205.1
411.9
488.5

169.3
205.9
532.5
404.1

175.8
205.2
489.0
357.8

181.3
203.6
460.2
385.1

187.7
202.4
363.7
432.3

191.2
200.3
358.9
482.6

197.9
198.6
316.8
531.6

7
8
9
10

584.6
487.2
6511.5
2614.6

682.0
771.7
4623.4
2218.4

710.2
774.9
5767.0
2904.2

747.3
801.3
5933.9
3423.0

821.1
866.0
5983.3
3873.9

818.8
908.9
6162.5
4199.8

857.3
985.1
5952.7
4184.3

855.9
1020.1
6084.2
4300.5

861.9
1073.1
6280.4
4584.7

886.8
1065.3
6105.5
4796.4

923.8
1013.2
6141.5
5125.3

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

842.2
1558.5
4094.7
3151.0

881.6
1604.9
3719.2
2913.2

972.7
1803.2
4561.6
3392.8

1018.8
2027.9
4955.8
3685.1

1039.9
2197.4
5159.6
3862.5

1059.6
2262.8
5271.7
3949.2

1066.8
2254.2
5167.3
3920.2

1090.0
2292.6
5282.4
4016.2

1119.5
2356.4
5561.9
4203.4

1128.6
2393.8
5617.8
4221.3

1156.4
2478.5
5856.4
4318.8

15
16
17
18

19

Miscellaneous and other assets

2056.7

2118.3

2283.1

2641.5

2909.2

2996.8

3094.7

3160.9

3214.6

3310.7

3434.8

19

11089.0

12094.3

13203.6

14737.7

16245.2

16640.7

17060.5

17477.1

17886.5

18128.6

18534.2

20

20

Total liabilities

21
22
23

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

5661.8
1328.5
1892.0

6419.7
1432.9
1999.9

7208.0
1552.7
2104.4

8261.5
1709.8
2219.4

9292.1
1943.1
2313.7

9591.8
1997.3
2283.2

9881.2
2052.2
2315.4

10128.7
2107.2
2368.2

10319.7
2175.0
2419.3

10506.6
2220.2
2402.1

10709.3
2292.0
2432.9

21
22
23

24
25
26

Policy loans
Security credit
Other liabilities (3)

105.0
196.4
1905.3

106.0
148.2
1987.7

105.2
182.5
2050.9

106.8
264.0
2176.2

107.6
232.4
2356.2

108.2
249.5
2410.7

109.8
243.8
2458.1

111.1
254.5
2507.4

110.9
292.1
2569.5

111.5
279.0
2609.2

112.7
333.6
2653.7

24
25
26

(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) and life insurance and pension reserves (lines 15, 16, 17, and 18).
(3) Includes corporate farms.

62

Z.1, September 17, 2007

L.100 Households and Nonprofit Organizations (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

31422.5

29152.4

33628.4

36627.1

39091.2

40342.6

40304.4

41179.3

42494.4

43098.0

44284.0

1

4842.3

5127.7

5282.1

5608.5

5946.9

6093.2

6142.0

6287.7

6419.7

6567.5

6673.8

2

48.7
348.3
3332.1
1113.2

49.9
351.6
3656.2
1070.0

52.1
295.8
3974.4
959.8

57.5
242.0
4405.6
903.5

61.6
107.7
4820.4
957.2

64.8
100.3
4965.4
962.7

69.0
58.5
5013.9
1000.6

68.4
44.1
5150.5
1024.7

67.5
19.6
5199.6
1133.1

71.8
15.5
5368.9
1111.4

78.6
0.8
5399.5
1194.9

3
4
5
6

2126.8

2227.2

2550.5

2824.1

3026.0

3107.7

3137.7

3171.8

3185.8

3249.7

3244.6

7

8
9
10
11
12

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

97.3
445.0
190.3
254.6
410.9

110.4
288.0
194.9
93.1
265.1

105.9
441.9
203.8
238.1
402.3

136.1
557.6
204.4
353.2
460.7

164.2
558.7
205.1
353.6
488.5

169.3
678.3
205.9
472.3
404.1

175.8
632.6
205.2
427.4
357.8

181.3
600.5
203.6
396.9
385.1

187.7
501.0
202.4
298.6
432.3

191.2
492.7
200.3
292.4
482.6

197.9
447.0
198.6
248.4
531.6

8
9
10
11
12

13
14
15

Municipal securities
Corporate and foreign bonds
Mortgages

581.1
487.2
105.3

678.7
771.7
113.4

707.5
774.9
118.1

742.9
801.3
125.6

816.1
866.0
132.5

813.5
908.9
133.6

852.0
985.1
134.4

850.4
1020.1
134.5

856.2
1073.1
135.4

881.1
1065.3
136.9

917.9
1013.2
137.1

13
14
15

16
17
18
19
20
21
22

Corporate equities (2)
Mutual fund shares
Security credit
Life insurance reserves
Pension fund reserves
Equity in noncorporate business
Miscellaneous assets

6511.5
2614.6
454.3
880.0
8766.4
4828.8
397.8

4623.4
2218.4
412.7
920.9
8198.0
4989.9
434.2

5767.0
2904.2
475.4
1013.2
9717.2
5429.8
489.1

5933.9
3423.0
578.3
1060.4
10627.2
6030.2
541.5

5983.3
3873.9
575.3
1082.6
11176.7
6835.4
591.1

6162.5
4199.8
598.6
1102.3
11440.9
7034.1
603.4

5952.7
4184.3
646.3
1110.1
11298.4
7217.6
615.3

6084.2
4300.5
654.8
1133.5
11547.7
7373.6
625.5

6280.4
4584.7
655.7
1163.7
12077.6
7495.6
631.2

6105.5
4796.4
690.1
1172.7
12188.7
7682.6
644.8

6141.5
5125.3
735.1
1201.1
12608.9
7877.9
675.8

16
17
18
19
20
21
22

8028.7

8833.4

9856.0

11038.2

12122.7

12409.3

12736.6

13052.1

13350.4

13512.3

13812.9

23

7680.3

8513.2

9495.8

10592.9

11707.0

11975.9

12308.2

12612.6

12872.7

13046.6

13292.1

24

5324.9
1892.0
151.3

6033.3
1999.9
164.2

6881.3
2104.4
178.3

7852.1
2219.4
188.6

8815.8
2313.7
205.1

9094.6
2283.2
207.3

9364.9
2315.4
215.5

9595.7
2368.2
218.5

9774.2
2419.3
226.9

9950.5
2402.1
232.0

10145.9
2432.9
238.9

25
26
27

43.6
120.3
148.1

21.1
120.6
174.0

52.8
119.0
159.9

35.5
119.4
178.0

48.3
119.4
204.8

60.0
120.0
210.9

73.2
121.5
217.9

82.3
123.0
225.0

96.3
123.1
233.0

99.1
124.0
238.9

100.9
125.3
248.2

28
29
30

196.4
132.9

148.2
152.0

182.5
156.8

264.0
158.8

232.4
160.8

249.5
161.3

243.8
161.8

254.5
162.3

292.1
162.8

279.0
163.3

333.6
163.8

31
32

19.1

20.0

20.9

22.5

22.4

22.6

22.7

22.7

22.8

23.4

23.4

33

23
24

Total liabilities
Credit market instruments

25
26
27

Home mortgages (3)
Consumer credit
Municipal securities

28
29
30

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

31
32
33

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) and life insurance and pension reserves (lines 19 and 20).
(3) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 22.

63

Z.1, September 17, 2007

L.101 Nonfinancial Business (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

11536.6

11659.3

11913.2

13038.8

14362.2

14595.9

14709.4

14876.1

15068.7

15203.3

15460.1

1

2
3
4
5
6

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

15.5
366.5
535.8
360.9
4.0

20.6
328.7
560.5
397.1
6.2

38.1
385.0
676.6
352.1
6.0

53.7
459.9
718.4
385.9
6.4

60.6
574.9
819.3
437.9
14.6

58.0
553.2
826.6
437.9
10.1

67.9
529.6
815.7
451.3
12.2

58.2
519.9
832.5
475.0
12.6

64.8
509.3
856.9
511.0
15.5

44.5
518.1
844.5
520.7
11.3

52.4
503.8
838.9
550.2
13.2

2
3
4
5
6

7

Credit market instruments

316.7

341.8

340.1

382.1

444.4

440.9

448.2

450.2

474.8

471.4

472.8

7

60.2
59.7
17.5
32.8
73.4
73.1

64.8
74.2
16.9
35.5
75.7
74.7

75.7
77.7
12.1
38.1
78.0
58.5

95.0
83.3
12.2
36.2
97.4
57.9

111.3
109.0
18.8
39.8
107.5
58.1

105.5
107.6
17.6
45.8
110.0
54.4

118.9
104.1
15.8
45.1
112.2
52.1

118.0
104.8
15.4
46.1
114.5
51.3

126.5
108.6
16.1
50.5
116.9
56.2

115.5
118.3
19.1
46.9
119.2
52.3

118.7
114.6
17.1
48.2
121.6
52.8

8
9
10
11
12
13

112.5
2161.8
7662.9

95.8
2082.5
7826.3

125.9
2040.1
7949.2

140.5
2196.3
8695.6

156.3
2521.8
9332.6

171.7
2612.7
9484.8

177.0
2711.4
9496.2

189.5
2737.8
9600.4

206.8
2687.7
9742.0

218.2
2782.4
9792.2

237.0
2856.9
9934.7

14
15
16

12869.8

13183.8

13215.0

14048.8

15301.9

15471.5

15534.0

15627.2

15751.8

15849.9

16047.7

17

8
9
10
11
12
13
14
15
16
17
18

Total financial assets

2002

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

6850.2

7018.2

7229.1

7650.0

8242.8

8430.8

8643.6

8781.4

9031.1

9230.0

9519.4

18

19
20
21

Commercial paper
Municipal securities
Corporate bonds

177.9
157.7
2578.0

119.9
160.8
2710.3

84.8
164.2
2868.6

101.6
169.4
2946.3

93.8
176.7
3006.2

100.4
176.9
3058.9

115.4
178.8
3110.0

114.2
179.6
3144.6

117.1
181.6
3224.8

130.2
182.3
3296.0

159.5
185.0
3393.0

19
20
21

22
23
24

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

1195.9
804.9
1935.9

1111.9
819.9
2095.4

1035.5
826.7
2249.2

1063.8
846.6
2522.4

1188.5
893.8
2883.8

1223.1
898.1
2973.3

1243.3
931.3
3064.8

1279.3
906.9
3156.9

1313.9
933.5
3260.2

1342.4
941.7
3337.4

1376.3
967.7
3437.9

22
23
24

1700.7
149.7
4169.2

1745.8
163.1
4256.6

1664.9
150.9
4170.1

1786.1
166.0
4446.7

2004.3
178.6
4876.3

2013.5
189.8
4837.4

2055.7
186.1
4648.6

2065.7
192.6
4587.5

2105.4
183.9
4431.3

2120.2
197.7
4302.0

2145.6
195.5
4187.1

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 17, 2007

L.102 Nonfarm Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

9898.9

9941.8

10108.8

10931.6

11930.3

12087.6

12144.1

12238.9

12359.8

12433.7

12621.0

1

15.5
181.9
281.1
301.9
4.0

20.6
141.1
291.3
335.7
6.2

38.1
190.9
362.8
299.0
6.0

53.7
178.4
400.5
324.3
6.4

60.6
251.1
450.2
366.5
14.6

58.0
219.2
445.5
364.1
10.1

67.9
187.8
425.8
375.8
12.2

58.2
168.5
431.4
397.3
12.6

64.8
148.2
444.6
431.2
15.5

44.5
153.9
422.8
439.1
11.3

52.4
134.7
405.5
466.4
13.2

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

60.2
16.9
17.5
29.3
46.6
73.1
1817.9
112.5

64.8
31.4
16.9
32.1
49.6
74.7
1719.6
95.8

75.7
32.8
12.1
35.4
51.8
58.5
1702.4
125.9

95.0
33.1
12.2
31.8
66.6
57.9
1831.9
140.5

111.3
50.7
18.8
34.7
71.8
58.1
2098.9
156.3

105.5
47.5
17.6
40.6
73.1
54.4
2176.1
171.7

118.9
42.6
15.8
39.8
74.4
52.1
2264.7
177.0

118.0
41.5
15.4
40.6
75.6
51.3
2278.3
189.5

126.5
43.5
16.1
44.9
76.9
56.2
2215.2
206.8

115.5
51.8
19.1
41.1
78.2
52.3
2299.2
218.2

118.7
46.1
17.1
42.2
79.5
52.8
2360.4
237.0

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

6940.5
1462.7
200.8
0.0
100.0
5177.0

7062.2
1583.9
218.2
0.0
124.7
5135.3

7117.4
1718.5
236.6
0.0
138.5
5023.8

7699.1
2016.4
255.5
0.0
128.8
5298.4

8186.9
2047.8
276.2
0.0
156.1
5706.8

8304.3
2113.1
277.3
0.0
159.5
5754.3

8289.3
2161.7
280.3
0.0
163.7
5683.5

8360.4
2203.7
283.1
0.0
168.3
5705.2

8469.5
2324.9
282.7
0.0
169.3
5692.6

8486.6
2400.0
285.6
0.0
165.4
5635.7

8595.0
2444.8
288.4
0.0
174.2
5687.6

15
16
17
18
19
20

9809.5

9922.8

9867.4

10349.3

11179.4

11240.1

11210.2

11202.3

11215.7

11233.6

11326.4

21

21

Total liabilities

22

Credit market instruments

4728.9

4741.7

4862.2

5032.3

5285.0

5386.3

5513.8

5566.3

5720.5

5852.4

6050.1

22

23
24
25
26

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

177.9
157.7
2578.0
743.7

119.9
160.8
2710.3
635.5

84.8
164.2
2868.6
548.3

101.6
169.4
2946.3
550.1

93.8
176.7
3006.2
616.4

100.4
176.9
3058.9
636.4

115.4
178.8
3110.0
645.4

114.2
179.6
3144.6
663.9

117.1
181.6
3224.8
682.5

130.2
182.3
3296.0
698.8

159.5
185.0
3393.0
715.6

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

653.1
21.5
396.2
7.4
4.1
115.7
108.3
418.5

665.0
23.1
399.6
7.0
4.4
125.8
105.0
450.2

666.5
28.2
397.6
7.8
4.2
125.0
103.9
529.7

683.7
28.8
406.4
8.3
3.8
131.2
105.3
581.2

722.9
30.7
431.3
9.0
3.8
159.6
88.5
669.1

723.9
31.2
434.5
9.5
0.5
159.0
89.1
689.7

750.1
32.9
447.6
9.4
0.5
169.0
90.7
714.2

722.3
33.9
441.4
9.2
0.5
150.5
86.8
741.7

741.7
33.7
448.2
9.8
0.3
159.4
90.2
772.7

745.1
34.4
454.9
10.1
0.1
163.6
82.0
800.0

766.3
37.1
458.3
10.3
0.1
177.9
82.5
830.7

27
28
29
30
31
32
33
34

1437.7
81.0
3561.9
1232.6
48.4
2280.9

1457.4
93.0
3630.8
1167.7
49.9
2413.1

1402.7
81.2
3521.3
1196.8
49.8
2274.7

1499.9
88.0
3729.1
1235.3
46.6
2447.2

1687.6
93.1
4113.7
1292.3
44.8
2776.7

1686.3
102.5
4065.0
1325.4
44.3
2695.4

1726.4
97.6
3872.3
1341.1
43.8
2487.5

1730.6
102.4
3802.9
1353.0
43.3
2406.7

1765.1
92.1
3638.1
1437.9
42.8
2157.5

1772.8
104.5
3503.8
1466.9
42.3
1994.6

1793.2
100.7
3382.3
1511.0
44.5
1826.9

35
36
37
38
39
40

380.2
10804.8

262.2
7839.3

299.7
10043.6

332.0
10807.0

411.3
10876.3

489.9
11248.0

538.3
10774.1

547.7
11015.6

450.2
11518.2

526.4
11631.5

567.2
12299.7

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

3154.2
1574.7

3321.2
1420.5

3562.5
1299.7

3696.9
1335.4

3852.0
1433.0

3925.6
1460.7

4003.0
1510.9

4065.8
1500.4

4179.1
1541.3

4278.3
1574.0

4408.8
1641.4

43
44

45
46

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

3093.4
1020.8

2970.9
1035.8

2783.6
1178.8

2923.4
1276.0

3213.7
1514.7

3249.5
1479.7

3334.9
1463.6

3333.5
1473.2

3398.5
1542.0

3451.4
1517.3

3535.3
1533.3

45
46

47
48

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

66.7
33.3

70.0
30.0

73.3
26.7

73.5
26.5

72.9
27.1

72.9
27.1

72.6
27.4

73.0
27.0

73.1
26.9

73.1
26.9

72.9
27.1

47
48

49

Liquid assets/short-term liabilities

33.0

34.9

42.3

43.6

47.1

45.5

43.9

44.2

45.4

44.0

43.4

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 17, 2007

L.103 Nonfarm Noncorporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1578.8

1657.0

1741.9

2041.7

2364.5

2439.3

2494.8

2565.1

2635.2

2694.7

2762.8

1

164.5
254.7
59.0

167.1
269.2
61.3

172.9
313.8
53.1

259.2
318.0
61.5

300.8
369.1
71.4

310.6
381.1
73.8

317.8
389.9
75.5

326.9
401.0
77.6

336.1
412.3
79.8

338.7
421.7
81.6

343.2
433.4
83.9

2
3
4

42.8
3.5
26.8
0.0

42.8
3.4
26.2
0.0

44.9
2.7
26.3
0.0

50.2
4.3
30.8
0.0

58.3
5.0
35.8
0.0

60.2
5.2
36.9
0.0

61.5
5.3
37.8
0.0

63.3
5.5
38.9
0.0

65.1
5.6
40.0
0.0

66.6
5.8
40.9
0.0

68.4
5.9
42.1
0.0

5
6
7
8

343.9
683.6
48.3
1.8
633.5

362.8
724.2
52.5
1.8
670.0

337.7
790.6
56.9
2.1
731.6

364.3
953.3
60.5
2.0
890.9

422.9
1101.2
65.3
1.8
1034.0

436.6
1135.0
65.6
1.8
1067.6

446.7
1160.4
66.3
1.8
1092.3

459.5
1192.4
67.0
1.8
1123.6

472.4
1223.9
66.9
1.9
1155.2

483.2
1256.1
67.6
2.0
1186.6

496.5
1289.5
68.2
2.1
1219.1

9
10
11
12
13

2889.7

3083.7

3172.5

3516.5

3929.3

4034.6

4123.6

4221.2

4328.7

4407.4

4510.6

14

1958.7

2106.7

2198.8

2443.5

2770.8

2856.9

2935.0

3015.4

3105.3

3171.6

3259.1

15

405.3
124.6
1428.8

430.4
126.5
1549.8

441.7
131.7
1625.3

466.0
133.2
1844.3

522.2
135.4
2113.1

539.1
137.6
2180.2

546.7
142.9
2245.4

562.4
145.0
2308.0

578.2
148.7
2378.4

591.9
152.0
2427.7

606.2
156.3
2496.7

16
17
18

255.0
68.7
607.3

281.0
70.2
625.9

255.3
69.7
648.8

277.4
78.0
717.6

310.4
85.5
762.6

318.2
87.2
772.4

323.8
88.5
776.3

331.1
90.1
784.6

338.3
91.8
793.2

344.4
93.2
798.1

351.9
94.9
804.7

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

58.9

60.4

62.4

65.5

67.5

69.0

70.5

72.1

73.7

74.9

76.2

1

2

Checkable deposits and currency

20.0

20.6

21.2

22.3

22.9

23.5

24.0

24.5

25.0

25.5

25.9

2

3
4
5

Miscellaneous assets
Insurance receivables
Equity investment in GSEs (2)

38.9
36.8
2.0

39.9
37.8
2.1

41.2
38.7
2.5

43.2
40.5
2.7

44.5
41.7
2.8

45.5
42.7
2.9

46.6
43.7
2.9

47.6
44.6
3.0

48.6
45.6
3.0

49.5
46.2
3.2

50.3
46.9
3.4

3
4
5

170.7

177.2

175.1

183.0

193.2

196.7

200.2

203.8

207.3

209.0

210.6

6

162.7

169.8

168.1

174.2

186.9

187.6

194.8

199.7

205.3

206.0

210.2

7

46.9
27.3
88.5

46.0
28.4
95.4

45.5
28.5
94.1

47.7
29.6
96.9

49.9
35.5
101.5

47.7
36.6
103.4

51.2
38.4
105.2

53.0
39.6
107.1

53.2
43.1
109.0

51.7
44.5
109.8

54.5
45.1
110.5

8
9
10

8.0

7.5

7.0

8.7

6.3

9.1

5.4

4.0

2.0

2.9

0.5

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 (3)
Trade payables

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

66

Z.1, September 17, 2007

L.105 State and Local Governments (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1748.2

1799.9

1908.2

2015.3

2168.3

2186.2

2214.5

2226.7

2286.4

2306.7

2368.3

1

2
3
4
5

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

36.3
129.8
57.1
131.9

41.5
138.7
58.7
115.6

44.9
158.4
62.7
123.5

40.3
170.2
66.1
130.2

48.8
183.1
68.7
135.3

47.4
186.0
69.3
136.4

45.9
188.4
70.0
137.9

44.5
196.4
71.5
140.7

51.0
208.8
72.1
142.2

46.5
213.7
72.1
142.1

41.3
210.2
73.6
147.6

2
3
4
5

6

Credit market instruments

7
8
9
10
11
12

Total financial assets

2002

981.2

1067.4

1125.6

1190.2

1290.7

1293.9

1312.8

1323.0

1353.4

1360.4

1386.3

6

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

136.9
328.4
287.0

151.3
354.7
328.8

161.6
364.2
351.2

170.4
387.4
370.3

177.1
456.2
384.9

178.6
456.5
385.1

180.6
466.2
389.4

184.3
463.0
394.9

186.2
484.2
399.1

181.1
499.4
396.4

187.4
510.9
401.0

7
8
9

Municipal securities
Corporate and foreign bonds
Mortgages

4.0
95.1
129.7

4.1
104.2
124.4

4.4
111.3
132.9

4.6
117.3
140.1

4.8
122.0
145.6

4.8
122.0
146.8

4.9
123.3
148.4

5.0
125.9
150.0

5.1
127.3
151.5

5.1
127.2
151.4

5.2
127.3
154.5

10
11
12

88.0
28.1

79.3
24.3

84.7
25.9

89.3
27.3

92.8
28.4

93.6
28.6

94.6
28.9

96.5
29.5

97.5
29.8

97.4
29.8

99.4
30.4

13
14

115.9
46.1
133.9

118.4
50.8
105.4

126.5
68.4
87.6

133.4
89.0
79.4

138.7
126.4
55.6

139.8
139.0
52.2

141.3
155.6
39.0

144.2
170.3
9.9

145.7
185.1
0.8

145.6
197.3
1.8

148.6
211.6
19.4

15
16
17

1665.3

1837.6

1987.0

2132.7

2336.9

2371.6

2422.1

2454.5

2524.7

2590.5

2667.2

18

13
14

Corporate equities
Mutual fund shares

15
16
17

Trade receivables
Taxes receivable
Miscellaneous assets

18

Total liabilities

19

Credit market instruments

1303.4

1447.3

1567.6

1682.8

1854.2

1880.4

1921.9

1945.4

2006.6

2063.1

2130.2

19

20
21
22
23

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

1294.5
70.5
1224.0
8.9

1437.9
95.7
1342.2
9.4

1557.9
106.1
1451.8
9.7

1673.0
100.2
1572.8
9.9

1843.9
105.9
1738.0
10.3

1869.9
106.9
1763.0
10.5

1911.3
98.9
1812.4
10.7

1934.6
98.4
1836.2
10.8

1995.7
102.7
1892.9
11.0

2052.0
105.5
1946.5
11.2

2118.9
102.4
2016.4
11.3

20
21
22
23

361.9

390.3

419.5

449.9

482.6

491.2

500.1

509.1

518.1

527.4

537.0

24

24

Trade payables

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

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

Total financial assets

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

607.2

599.0

641.2

602.3

593.1

572.5

616.9

635.8

598.9

578.3

593.2

1

43.1
66.9
10.5

51.1
47.5
27.6

55.1
54.1
2.4

54.5
21.9
2.4

35.3
36.8
1.4

35.1
8.4
1.5

36.8
45.7
1.6

35.3
51.2
4.8

34.5
32.9
1.7

34.7
7.1
1.6

34.4
28.0
1.4

2
3
4

271.1

275.9

273.8

276.5

273.8

276.6

277.0

278.0

277.9

283.2

284.3

5

0.0
122.8
75.8
72.5

0.0
119.2
76.3
80.5

0.0
117.7
73.8
82.4

0.0
115.0
75.4
86.1

0.0
106.2
77.8
89.8

0.0
105.2
78.2
93.2

0.0
104.3
80.0
92.7

0.0
103.6
80.9
93.5

0.0
104.7
81.5
91.7

0.0
105.8
82.3
95.1

0.0
106.5
83.1
94.6

6
7
8
9

35.5
79.8
100.3

32.2
64.3
100.3

51.3
102.8
101.7

61.8
82.9
102.3

70.9
74.0
100.9

69.3
79.5
102.0

71.7
81.9
102.3

70.5
94.1
102.0

71.3
78.8
101.8

70.5
79.3
101.9

71.7
70.0
103.3

10
11
12

4293.9

4583.7

5096.5

5533.3

5918.3

6069.6

6012.9

6078.9

6172.8

6323.1

6233.9

13

2.2
24.5

2.2
25.5

2.2
26.0

2.2
26.7

2.2
27.5

2.2
27.6

2.2
27.8

2.2
28.1

2.2
28.1

2.2
28.2

2.2
28.5

14
15

3379.5

3637.0

4033.1

4395.0

4701.9

4858.0

4783.2

4826.6

4885.3

5037.4

4927.2

16

190.3
3162.4
26.8
0.0

194.9
3414.9
27.3
0.0

203.8
3804.4
24.9
0.0

204.4
4166.3
24.3
0.0

205.1
4472.9
23.8
0.0

205.9
4628.5
23.6
0.0

205.2
4554.4
23.6
0.0

203.6
4599.6
23.4
0.0

202.4
4659.4
23.5
0.0

200.3
4814.0
23.2
0.0

198.6
4705.4
23.2
0.0

17
18
19
20

78.0
37.8
772.0
765.8
6.2

78.8
39.4
800.9
790.3
10.6

151.2
40.5
843.6
815.0
28.6

166.3
41.6
901.6
855.9
45.7

197.9
42.7
946.1
882.9
63.2

202.0
42.8
937.0
868.8
68.2

210.0
43.3
946.4
873.3
73.1

212.3
43.5
966.3
888.2
78.0

210.8
44.2
1002.4
918.7
83.7

218.1
44.2
993.0
903.4
89.6

223.0
44.7
1008.3
892.8
115.4

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 17, 2007

L.107 Rest of the World
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

Total financial assets

2
3
4
5
6

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

7

Credit market instruments

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

7309.1

7848.0

8592.2

10126.0

12102.6

12466.2

12706.5

13212.4

14375.1

14843.9

15365.9

1

115.5
305.7
120.6
15.1
151.1

119.7
326.6
152.3
16.3
190.1

109.6
355.5
143.2
18.8
460.2

118.3
397.9
215.6
22.9
665.1

106.0
443.5
258.2
23.0
713.3

93.2
468.3
297.0
22.7
977.7

49.0
482.0
346.3
22.4
940.4

49.2
482.7
329.6
23.5
995.3

96.4
525.1
398.2
24.7
986.5

-41.4
533.1
434.7
25.8
1180.4

-6.0
551.1
464.4
27.0
1205.2

2
3
4
5
6

3213.2

3736.8

4169.3

4990.2

5603.3

5792.6

6027.5

6213.8

6486.7

6731.7

6946.5

7

8

Open market paper

108.4

126.6

135.8

179.6

187.2

176.2

218.6

217.6

219.9

230.4

240.4

8

9
10
11

Treasury securities
Official
Private

1095.2
720.1
375.1

1285.5
812.0
473.5

1513.5
986.3
527.2

1813.6
1251.9
561.6

1984.4
1340.6
643.8

2019.2
1405.7
613.4

2026.5
1430.0
596.6

2066.2
1482.7
583.5

2115.0
1520.8
594.2

2192.6
1558.5
634.1

2184.8
1545.3
639.4

9
10
11

12
13
14

Agency- and GSE-backed securities
Official
Private

534.7
126.9
407.8

648.0
158.4
489.7

653.1
200.2
452.9

778.3
258.0
520.2

954.6
384.6
570.0

1017.4
431.8
585.6

1080.7
473.2
607.5

1141.4
528.4
613.0

1190.9
583.9
606.9

1227.8
657.0
570.9

1313.8
713.4
600.4

12
13
14

15
16
17

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

8.0
1351.1
115.7

11.5
1539.4
125.8

19.5
1722.4
125.0

26.0
2061.5
131.2

31.0
2286.6
159.6

32.5
2388.3
159.0

34.0
2498.7
169.0

35.5
2602.6
150.5

37.0
2764.6
159.4

38.5
2878.8
163.6

40.0
2989.6
177.9

15
16
17

18
19
20
21

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

1441.0
116.6
41.6
0.0

1221.6
98.0
44.2
0.0

1674.6
146.1
45.5
0.0

1904.6
195.8
44.4
0.0

2039.1
242.0
52.3
0.0

2170.3
263.9
56.3
0.0

2138.7
268.4
60.9
0.0

2329.7
277.1
60.1
0.0

2456.5
295.5
58.5
0.0

2525.4
306.4
61.3
0.0

2797.6
326.2
63.1
0.0

18
19
20
21

22
23
24

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

1788.8
1518.5
270.3

1942.5
1500.0
442.6

1469.4
1581.0
-111.5

1571.2
1742.2
-171.0

2621.9
1868.2
753.7

2324.3
1911.2
413.2

2370.8
1961.6
409.2

2451.2
2006.7
444.6

3047.0
2099.4
947.6

3086.4
2112.2
974.2

2990.8
2187.7
803.1

22
23
24

3747.0

4282.8

4508.9

5506.6

5687.9

5568.2

5704.5

5736.9

6625.9

6752.0

6876.8

25

25

Total liabilities

26
27

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

46.8
810.1

55.8
831.1

62.3
867.1

62.2
957.0

45.9
1024.7

46.0
1078.8

48.3
1149.3

46.5
1139.6

46.0
1123.5

46.6
1194.7

46.1
1308.5

26
27

28

Credit market instruments

862.9

1072.3

1249.7

1431.3

1514.9

1549.7

1572.7

1701.3

1767.0

1782.6

1839.1

28

196.0
557.1

254.2
705.2

267.1
874.4

329.9
993.0

368.4
1028.2

389.0
1043.4

370.1
1079.5

458.6
1124.6

461.4
1180.8

459.2
1224.5

456.8
1272.3

29
30

63.2
4.3
5.9
53.1
46.1
0.5

68.6
5.1
5.1
58.4
44.1
0.2

66.1
4.5
8.9
52.7
42.0
0.2

69.9
5.5
13.4
51.0
38.3
0.3

84.4
2.6
18.1
63.7
33.7
0.2

85.7
2.2
17.0
66.6
31.4
0.2

93.4
2.6
19.2
71.6
29.4
0.2

90.4
2.3
16.3
71.7
27.5
0.2

98.3
1.9
21.9
74.4
26.4
0.2

73.1
1.8
18.3
53.0
25.6
0.2

84.9
1.9
25.9
57.1
24.9
0.2

31
32
33
34
35
36

46.4
0.0

41.4
0.0

47.5
0.0

51.0
0.0

57.3
0.0

60.4
0.0

65.0
0.0

63.4
0.0

63.4
0.0

66.2
0.0

68.2
0.0

37
38

1980.8
37.1
2.5
1693.1
248.1

2282.0
38.6
2.6
1867.0
373.8

2282.3
40.0
2.8
2054.5
185.1

3005.1
42.0
2.8
2463.6
496.7

3045.1
43.2
0.6
2535.2
466.1

2833.4
44.5
0.6
2608.1
180.2

2869.2
44.7
0.6
2661.5
162.5

2786.2
45.0
0.6
2714.0
26.5

3626.0
45.3
0.6
2855.6
724.6

3661.9
45.6
0.6
2943.2
672.6

3614.9
46.7
0.6
3016.4
551.2

39
40
41
42
43

1612.7

1374.7

2079.4

2560.4

3317.7

3700.9

3725.0

3900.2

4251.5

4442.6

4747.5

44

29
30

Commercial paper
Bonds

31
32
33
34
35
36

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

37
38

Trade payables
Security debt

39
40
41
42
43

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

44

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

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

68

Z.1, September 17, 2007

L.108 Monetary Authority (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

683.0

753.6

796.9

841.3

878.7

872.8

885.9

878.6

908.3

902.5

904.5

1

2
3
4

Gold and foreign exchange
SDR certificates
Treasury currency

25.5
2.2
33.0

27.9
2.2
34.6

30.8
2.2
35.5

32.3
2.2
36.4

29.9
2.2
36.5

30.3
2.2
37.9

31.1
2.2
38.0

30.9
2.2
38.1

31.4
2.2
38.2

31.8
2.2
38.4

31.7
2.2
38.5

2
3
4

5
6
7

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

-0.0
0.0
50.3

0.4
0.0
39.5

-0.3
0.1
43.8

0.9
0.0
33.0

0.9
0.1
46.8

-0.9
0.6
26.8

-1.0
0.3
31.3

-1.1
0.3
21.5

-0.3
0.1
40.8

-0.9
0.0
33.3

-1.3
0.2
25.3

5
6
7

8

Credit market instruments

551.7

629.4

666.7

717.8

744.2

758.5

766.4

768.9

778.9

780.9

790.5

8

0.0
551.7
0.0
0.0

0.0
629.4
0.0
0.0

0.0
666.7
0.0
0.0

0.0
717.8
0.0
0.0

0.0
744.2
0.0
0.0

0.0
758.5
0.0
0.0

0.0
766.4
0.0
0.0

0.0
768.9
0.0
0.0

0.0
778.9
0.0
0.0

0.0
780.9
0.0
0.0

0.0
790.5
0.0
0.0

9
10
11
12

20.3

19.6

18.2

18.6

18.1

17.5

17.7

17.8

17.0

16.8

17.4

13

675.7

745.3

788.0

829.7

865.8

858.4

870.8

863.3

892.9

885.3

887.0

14

9
10
11
12
13
14

Total financial assets

2002

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

17.5
47.3

22.5
47.8

23.1
48.0

24.0
41.5

19.0
50.1

21.0
40.0

21.0
42.6

17.3
40.1

18.7
51.7

18.3
41.2

17.3
43.5

15
16

17
18
19
20

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

603.1
7.1
0.1
596.0

644.6
4.8
0.1
639.7

682.5
6.0
0.2
676.2

719.7
6.2
0.1
713.3

748.8
4.8
0.1
743.9

754.5
5.7
0.1
748.8

760.4
5.7
0.2
754.5

756.3
5.6
0.1
750.5

773.6
5.0
0.2
768.5

769.1
4.5
0.1
764.4

774.5
5.0
0.2
769.3

17
18
19
20

21
22
23

Miscellaneous liabilities
Federal Reserve Bank stock
Other

7.7
7.4
0.4

30.3
8.4
21.9

34.5
8.8
25.7

44.4
11.9
32.5

47.8
13.5
34.3

42.9
13.8
29.1

46.8
15.0
31.8

49.6
15.1
34.5

48.9
15.3
33.6

56.7
15.8
40.9

51.7
16.1
35.6

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 17, 2007

L.109 Commercial Banking (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

Total financial assets

2
3
4

Vault cash
Reserves at Federal Reserve
Checkable deposits and currency

5

Total bank credit

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

6829.1

7329.4

7824.9

8559.9

9320.1

9503.9

9753.3

9803.0

10202.4

10187.5

10454.8

1

47.3
15.2
2.8

47.8
19.7
2.5

48.0
19.7
2.5

41.5
20.8
3.5

50.1
16.3
3.0

40.0
18.5
2.7

42.6
18.5
2.6

40.1
15.1
2.5

51.7
16.7
2.9

41.2
16.3
2.7

43.5
15.0
2.1

2
3
4

5411.3

5811.4

6222.9

6832.5

7528.9

7734.8

7952.8

8029.2

8380.7

8402.4

8582.8

5

6
7

Treasury securities
Agency- and GSE-backed securities

162.7
777.4

205.8
917.9

132.3
1000.0

107.8
1095.0

97.1
1089.6

97.0
1128.2

101.7
1168.7

98.1
1106.9

95.2
1135.3

105.6
1125.9

96.0
1124.3

6
7

8
9

Municipal securities
Corporate and foreign bonds

120.2
363.1

121.7
359.9

132.7
481.2

140.8
563.6

157.7
687.0

160.3
707.8

161.7
734.5

168.8
749.7

180.2
780.3

188.2
804.0

190.4
848.4

8
9

3957.8
0.0
1424.3
1789.8
568.4
175.2

4183.0
0.0
1344.2
2058.3
602.6
177.9

4444.6
0.0
1318.4
2255.8
669.4
200.9

4886.9
0.0
1391.2
2595.6
704.3
195.8

5456.0
0.0
1560.3
2958.0
707.0
230.7

5596.4
0.0
1608.3
3033.2
697.5
257.4

5740.7
0.0
1647.0
3140.4
694.7
258.5

5854.9
0.0
1681.0
3181.3
710.5
282.2

6129.8
0.0
1683.4
3403.1
741.2
302.2

6121.3
0.0
1697.9
3378.2
723.3
321.9

6258.0
0.0
1758.4
3462.1
737.8
299.6

10
11
12
13
14
15

8.9
21.3

3.5
19.6

15.0
17.1

20.3
18.1

24.1
17.4

28.2
17.0

27.0
18.5

29.4
21.4

35.3
24.5

35.4
22.0

40.9
24.9

16
17

4.6
1347.9

4.6
1443.4

4.4
1527.5

4.0
1657.5

4.0
1717.8

0.7
1707.1

0.7
1736.0

0.7
1715.5

0.4
1750.0

0.3
1724.6

0.4
1811.0

18
19

6770.4

7330.8

7818.1

8605.2

9258.5

9452.5

9681.6

9792.9

10214.6

10209.2

10537.0

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

126.6
0.0
11.1
115.5

135.7
0.5
15.5
119.7

122.0
-0.3
12.7
109.6

146.6
1.0
27.3
118.3

132.2
1.0
25.2
106.0

120.0
-0.3
27.1
93.2

76.1
-0.7
27.8
49.0

89.8
-0.8
41.4
49.2

119.4
-0.3
23.2
96.4

-9.7
-0.8
32.6
-41.4

13.0
-1.1
20.1
-6.0

21
22
23
24

25
26
27
28

Checkable deposits
Federal government
Rest of the world
Private domestic

628.8
47.5
25.8
555.6

571.5
31.1
25.2
515.3

607.2
30.2
37.4
539.6

646.7
26.9
65.0
554.8

610.3
33.9
91.7
484.8

583.6
4.2
114.5
464.8

605.0
41.5
127.1
436.4

571.8
48.3
126.7
396.8

574.4
28.0
160.7
385.7

566.7
3.9
170.3
392.5

561.6
22.2
184.9
354.5

25
26
27
28

29
30
31

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

2478.1
918.1
786.5

2747.6
915.3
902.0

2979.2
928.1
948.5

3259.8
1120.6
970.5

3528.1
1363.7
1085.1

3587.3
1448.4
1126.0

3614.4
1523.3
1188.3

3651.5
1595.4
1211.7

3815.7
1627.7
1235.6

3899.8
1645.1
1281.2

3929.6
1670.3
1327.0

29
30
31

32

Credit market instruments

562.1

611.8

660.4

738.7

823.9

837.0

889.6

900.3

998.0

1015.5

1062.5

32

55.4
310.2
196.6

52.9
332.2
226.8

46.6
378.4
235.3

57.2
437.4
244.1

61.2
494.1
268.5

59.5
505.9
271.6

71.4
528.6
289.6

72.7
539.8
287.8

79.3
570.1
348.5

83.0
591.4
341.2

87.5
625.2
349.8

33
34
35

13.5
1256.6

16.2
1430.8

19.1
1553.6

22.2
1700.0

25.6
1689.5

26.5
1723.7

27.4
1757.6

28.4
1744.1

29.3
1814.5

30.3
1780.3

31.3
1941.7

36
37

5210.5
0.0

5614.9
0.0

5994.3
0.0

6602.3
0.0

7260.7
0.0

7433.0
0.0

7649.6
0.0

7696.9
0.0

8019.1
0.0

8023.5
13.0

8217.8
12.6

38
39

33
34
35
36
37

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

38
39

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

(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the
same as branches in foreign countries.
(2) Included in other loans and advances (table L.216).
(3) Floats and discrepancies in interbank transactions.
(4) Total bank credit (line 5) less security credit (line 15) less corporate equities (line 16) less mutual fund shares (line 17) plus customers’ liability on acceptances (line 18).
(5) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).
The leased automobile is a tangible asset.

70

Z.1, September 17, 2007

L.110 U.S.-Chartered Commercial Banks
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

Total financial assets

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

5014.5

5427.2

5838.0

6398.6

6905.5

7065.1

7251.2

7286.2

7614.4

7590.5

7741.1

1

61.9

66.3

66.8

61.6

65.5

57.6

60.2

54.5

67.8

56.7

57.4

2

4718.6

5102.3

5510.4

6099.0

6603.6

6767.9

6945.3

6989.2

7299.1

7269.9

7418.6

3

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

56.5
700.2
350.6
168.2
181.4

86.4
821.3
434.9
159.1
227.4

93.5
906.4
491.4
161.5
253.5

74.2
996.1
581.7
156.7
257.7

64.2
992.7
579.0
152.3
261.5

66.1
1037.4
623.6
151.5
262.4

68.1
1070.8
664.2
154.5
252.2

62.3
1010.6
602.1
155.5
253.0

61.9
1040.3
647.8
147.2
245.3

70.2
1030.1
652.2
151.5
226.5

68.5
1027.6
647.6
144.5
235.4

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

119.7
265.1
25.3
59.3
180.5

121.2
264.3
12.0
67.4
185.0

132.1
305.8
12.2
92.6
201.0

140.4
364.6
18.9
108.0
237.7

157.2
411.6
23.9
146.2
241.5

159.6
422.6
24.9
154.2
243.5

160.9
439.1
25.9
158.7
254.5

167.7
450.9
28.0
150.4
272.6

178.9
470.7
32.7
158.8
279.1

186.9
473.9
31.3
151.3
291.3

189.2
485.6
28.2
159.7
297.7

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

3546.9
0.0
1143.8
1752.8
568.4
81.9

3785.9
0.0
1085.7
2018.5
602.6
79.2

4040.5
0.0
1066.3
2213.3
669.4
91.4

4485.3
0.0
1131.6
2547.3
704.3
102.2

4936.4
0.0
1231.6
2902.1
707.0
95.6

5037.0
0.0
1261.7
2976.0
697.5
101.9

5160.9
0.0
1294.4
3078.4
694.7
93.4

5246.8
0.0
1306.0
3120.0
710.5
110.4

5487.5
0.0
1290.8
3338.9
741.2
116.5

5451.4
0.0
1292.7
3311.5
723.3
124.0

5582.0
0.0
1333.7
3392.0
737.8
118.4

14
15
16
17
18
19

20
21

Corporate equities
Mutual fund shares

8.9
21.3

3.5
19.6

15.0
17.1

20.3
18.1

24.1
17.4

28.2
17.0

27.0
18.5

29.4
21.4

35.3
24.5

35.4
22.0

40.9
24.9

20
21

3.6
230.4

3.9
254.7

3.8
257.0

3.3
234.6

3.3
233.2

0.0
239.6

0.0
245.7

0.0
242.5

0.0
247.4

0.0
263.8

0.0
265.1

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

5455.3

5948.2

6375.7

7169.1

7692.8

7847.8

8019.4

8151.7

8511.8

8491.6

8703.8

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

138.2
-0.0
0.0
-17.7
155.9

192.6
0.4
0.0
0.3
191.8

184.6
-0.3
0.1
-53.1
238.0

274.4
0.9
0.0
-20.3
293.8

292.5
0.9
0.1
-18.4
309.9

282.2
-0.9
0.6
-27.7
310.2

273.0
-1.0
0.3
-26.3
300.1

311.5
-1.1
0.3
-32.4
344.7

365.3
-0.3
0.1
-55.0
420.6

318.9
-0.9
0.0
-66.2
386.0

354.5
-1.3
0.2
-65.8
421.3

25
26
27
28
29

30
31
32
33

Checkable deposits
Federal government
Rest of the world
Private domestic

608.2
47.5
22.6
538.2

552.7
31.1
22.3
499.3

585.8
30.2
34.9
520.7

624.5
26.9
63.0
534.6

587.7
33.9
89.4
464.5

561.0
4.2
112.5
444.3

582.2
41.5
124.9
415.8

550.9
48.3
124.8
377.9

551.2
28.0
158.6
364.5

543.2
3.9
168.3
371.0

535.5
22.2
181.9
331.4

30
31
32
33

34
35
36

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

2448.3
528.4
663.9

2722.0
552.7
737.4

2951.6
555.7
788.8

3231.3
671.3
812.1

3494.2
838.1
893.6

3550.6
871.1
946.1

3578.2
931.9
995.4

3609.3
954.5
994.7

3771.9
968.0
994.9

3854.0
892.8
1034.6

3880.9
883.9
1085.8

34
35
36

37
38
39
40

Acceptance liabilities
Corporate bonds
Other loans and advances
Taxes payable

3.7
94.7
196.6
13.5

3.9
94.1
226.8
16.2

3.8
98.9
235.3
19.1

3.4
109.3
244.1
22.2

3.3
121.7
268.5
25.6

0.0
126.0
271.6
26.5

0.0
132.2
289.6
27.4

0.0
135.6
287.8
28.4

0.0
149.2
348.5
29.3

0.0
153.7
341.2
30.3

0.0
160.8
349.8
31.3

37
38
39
40

41
42
43

Miscellaneous liabilities
Investment by bank holding companies
Other

759.8
586.1
173.7

849.8
639.2
210.6

952.2
689.8
262.4

1176.6
857.0
319.7

1167.6
897.0
270.6

1212.7
914.5
298.2

1209.3
929.7
279.5

1279.1
963.0
316.0

1333.4
1006.9
326.4

1323.0
1017.9
305.1

1421.3
1040.2
381.2

41
42
43

4610.1
0.0

5003.9
0.0

5390.6
0.0

5961.8
0.0

6469.7
0.0

6620.9
0.0

6806.5
0.0

6828.0
0.0

7122.7
0.0

7088.6
13.0

7234.4
12.6

44
45

Memo:
44
45

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

(1) Included in other loans and advances (table L.216).
(2) Total bank credit (line 3) less security credit (line 19) less corporate equities (line 20) less mutual fund shares (line 21) plus customers’ liability on acceptances (line 22).
(3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).
The leased automobile is a tangible asset.

71

Z.1, September 17, 2007

L.111 Foreign Banking Offices in U.S. (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

1

Total financial assets

Q2

2007
Q3

Q4

Q1

Q2

791.9

801.1

750.2

632.7

781.5

807.5

833.9

805.3

784.7

798.1

873.3

1

0.6

1.2

0.9

0.7

0.9

0.9

0.9

0.7

0.6

0.7

1.0

2

603.0

615.0

599.2

606.3

792.1

831.0

875.7

907.4

946.8

1003.5

1036.1

3

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

103.8
50.7
0.0
81.3

116.7
61.6
0.0
81.6

33.7
53.0
0.0
159.8

27.8
51.8
0.0
182.2

27.9
50.9
0.0
262.8

24.2
44.1
0.0
273.0

27.3
51.4
0.0
283.2

30.2
51.6
0.0
284.2

27.1
54.8
0.0
292.5

31.5
54.2
0.0
315.1

23.5
56.3
0.0
348.5

4
5
6
7

8
9
10
11
12

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

367.2
0.0
256.1
17.9
93.3

355.2
0.0
237.5
19.0
98.7

352.8
0.0
225.7
17.5
109.5

344.5
0.0
234.0
16.9
93.7

450.6
0.0
294.7
20.8
135.1

489.7
0.0
312.6
21.5
155.6

513.8
0.0
325.5
23.2
165.2

541.4
0.0
346.3
23.3
171.8

572.3
0.0
361.8
24.9
185.6

602.7
0.0
377.1
27.7
197.9

607.8
0.0
396.6
30.0
181.2

8
9
10
11
12

13

Corporate equities

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

13

1.0
187.2

0.6
184.2

0.6
149.5

0.7
25.0

0.8
-12.3

0.7
-25.2

0.7
-43.4

0.7
-103.4

0.4
-163.1

0.3
-206.4

0.4
-164.2

14
15

2

Reserves at Federal Reserve

3

Total bank credit

4
5
6
7

14
15
16

Customers’ liab. on acceptances (2)
Miscellaneous assets

824.8

838.4

792.4

680.2

834.7

862.2

890.1

863.1

844.1

859.1

935.9

16

17
18
19

Total liabilities
Net interbank liabilities
To foreign banks
To domestic banks

-9.3
-50.9
41.6

-51.6
-83.1
31.5

-69.0
-95.3
26.4

-135.8
-167.9
32.1

-141.8
-176.7
34.9

-141.7
-182.2
40.5

-171.1
-198.6
27.5

-187.5
-231.9
44.4

-213.5
-255.7
42.2

-288.8
-353.1
64.3

-297.2
-338.5
41.3

17
18
19

20
21
22

Checkable deposits
Small time and savings deposits
Large time deposits

9.1
11.6
371.5

8.4
9.4
346.4

9.5
10.2
354.9

8.7
9.5
430.3

9.3
10.0
501.7

8.9
11.7
552.4

9.3
11.1
566.3

8.3
17.2
615.9

9.3
18.6
634.5

10.5
20.5
727.0

12.8
23.0
760.8

20
21
22

23
24

Federal funds and security RPs (net)
Acceptance liabilities

123.9
1.1

163.4
0.7

157.7
0.6

157.5
0.7

190.9
0.8

179.9
0.8

193.0
0.7

217.3
0.7

239.9
0.5

246.0
0.3

240.5
0.4

23
24

25
26
27
28

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

316.9
67.2
108.7
141.0

361.8
73.3
127.8
160.7

328.4
85.2
135.0
108.2

209.2
122.7
167.7
-81.2

263.8
130.7
188.8
-55.6

250.2
137.7
212.9
-100.5

280.9
139.2
215.0
-73.3

191.2
143.9
211.8
-164.5

154.8
149.0
197.3
-191.5

143.6
152.7
231.1
-240.2

195.6
158.3
240.7
-203.5

25
26
27
28

510.7

516.9

490.3

513.3

657.8

676.2

711.2

736.2

761.6

805.9

855.3

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 17, 2007

L.112 Bank Holding Companies
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

942.4

1025.8

1153.1

1429.0

1523.8

1520.5

1557.2

1603.8

1695.3

1692.2

1733.3

1

24.7

27.8

36.4

36.4

32.2

33.9

31.9

33.6

35.6

31.4

30.1

2

1.2
6.2
15.3
1.9

1.3
10.7
12.9
2.9

2.7
11.6
14.2
7.9

2.0
13.5
15.5
5.3

1.1
11.2
11.8
8.1

2.7
11.9
11.7
7.6

2.6
13.1
12.1
4.1

2.3
12.6
14.5
4.2

2.5
11.2
16.7
5.1

0.7
12.5
14.6
3.5

0.8
11.6
14.0
3.7

3
4
5
6

917.8
586.1
219.5
112.2

998.1
639.2
219.3
139.5

1116.7
689.8
265.0
161.9

1392.6
857.0
341.3
194.4

1491.6
897.0
384.0
210.6

1486.6
914.5
352.0
220.1

1525.3
929.7
363.0
232.6

1570.3
963.0
372.0
235.2

1659.7
1006.9
406.6
246.2

1660.8
1017.9
382.2
260.7

1703.3
1040.2
392.4
270.7

7
8
9
10

413.4

473.1

571.5

661.7

627.6

637.5

666.7

676.3

756.7

758.0

796.4

11

-2.3
-12.8
10.4

-5.3
-16.4
11.1

6.3
39.4
-33.1

8.0
15.5
-7.5

-18.5
8.6
-27.1

-20.5
14.3
-34.8

-25.9
26.5
-52.4

-34.3
29.3
-63.6

-32.4
36.0
-68.4

-39.7
34.6
-74.3

-44.2
44.6
-88.8

12
13
14

-1.2

1.2

2.1

0.8

0.6

0.0

-0.1

-0.4

0.8

0.6

0.7

15

12
13
14

Net interbank liabilities
To domestic banks
To foreign banks

15

Federal funds and security RPs (net)

16
17
18

Credit market instruments
Commercial paper
Corporate bonds

266.1
50.6
215.5

286.4
48.3
238.1

321.8
42.3
279.5

381.3
53.1
328.2

429.5
57.1
372.4

438.7
58.7
379.9

467.0
70.7
396.3

476.2
72.0
404.2

499.7
78.8
420.9

520.3
82.6
437.7

551.5
87.1
464.4

16
17
18

19

Miscellaneous liabilities

150.8

190.9

241.4

271.6

216.0

219.3

225.7

234.8

288.6

276.8

288.4

19

99.5

109.3

110.8

111.0

107.7

108.1

106.7

107.0

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

80.2

75.2

83.6

2.8

2.5

2.5

3.5

3.0

2.7

2.6

2.5

2.9

2.7

2.1

2

65.0

66.3

76.9

90.8

101.0

102.0

99.9

99.1

99.3

97.6

98.1

3

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

1.2
20.3
0.5
1.4

1.5
24.2
0.5
1.1

2.5
28.9
0.6
1.4

3.8
33.6
0.3
1.3

3.9
34.8
0.5
0.8

4.0
34.7
0.6
0.5

3.7
33.4
0.8
0.1

3.3
32.2
1.0
0.1

3.7
29.0
1.3
0.4

3.1
29.0
1.4
0.4

3.1
28.9
1.1
0.5

4
5
6
7

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

22.5
8.2
11.0

18.2
9.7
11.2

18.5
12.2
12.8

20.3
15.6
15.9

25.9
16.3
18.8

26.4
15.8
20.0

23.0
18.1
20.8

24.5
17.0
21.0

25.6
17.2
22.0

24.7
16.7
22.3

24.4
17.5
22.7

8
9
10

12.5

6.4

4.3

5.2

5.3

6.1

8.5

6.1

5.9

6.4

6.8

11

Miscellaneous assets

76.8

71.1

78.6

94.0

103.4

105.0

105.4

101.7

102.1

100.4

101.0

12

13
14
15

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

11.5
18.1
18.1

10.4
16.2
16.2

11.9
17.5
17.5

13.5
19.0
19.0

13.3
23.9
23.9

13.6
24.9
24.9

13.5
25.1
25.1

12.6
25.1
25.1

14.0
25.2
25.2

13.1
25.2
25.2

13.3
25.7
25.7

13
14
15

16

Miscellaneous liabilities

29.0

28.3

31.7

42.5

42.2

41.6

41.7

39.0

37.7

36.8

36.4

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 17, 2007

L.114 Savings Institutions (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1291.4

1349.5

1465.9

1649.6

1789.4

1828.8

1870.2

1938.4

1714.9

1793.1

1809.4

1

2.3
21.0
2.2
20.3

2.8
24.8
2.6
20.0

3.4
24.8
2.6
12.3

3.3
21.3
3.2
9.1

2.7
23.7
2.7
9.0

2.5
21.1
3.4
13.9

2.5
20.7
5.0
15.8

2.3
20.9
6.6
20.5

2.0
20.4
6.6
18.3

2.0
19.3
5.0
31.9

2.3
19.2
4.6
28.4

2
3
4
5

1133.2

1166.6

1293.9

1417.4

1616.7

1648.9

1679.5

1744.5

1518.6

1577.5

1595.2

6

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
12.2
198.8
113.8
24.3
60.6

0.0
8.4
136.4
90.4
23.4
22.7

0.0
12.3
192.3
116.0
30.7
45.5

0.0
10.3
190.0
112.1
32.1
45.9

0.0
7.9
184.1
108.1
30.8
45.2

0.0
7.9
214.2
123.8
45.3
45.1

0.0
12.4
169.3
96.3
27.5
45.5

0.0
7.6
171.1
97.2
29.1
44.8

0.0
7.4
169.5
96.3
28.8
44.5

7
8
9
10
11
12

4.5
83.9
13.2
0.0
70.7

5.5
79.9
10.6
0.0
69.3

6.3
71.9
10.7
5.7
55.5

7.1
59.2
8.2
40.5
10.5

8.6
80.2
7.7
58.6
13.9

9.4
86.3
9.0
64.3
13.0

9.7
89.0
9.3
65.6
14.0

10.5
88.9
9.1
66.7
13.2

10.7
89.2
10.7
65.4
13.1

11.1
107.0
9.0
80.6
17.4

11.8
122.3
12.3
90.6
19.4

13
14
15
16
17

42.9
758.0
71.1

46.2
781.0
68.7

56.3
870.6
77.9

57.6
1057.4
91.3

61.5
1152.7
109.1

62.4
1192.4
98.0

65.9
1221.0
101.9

67.8
1249.0
106.2

67.5
1074.0
95.5

68.9
1117.3
94.6

74.2
1112.8
97.2

18
19
20

27.9
84.5

29.1
103.6

30.4
98.5

28.2
167.0

26.2
108.3

26.2
112.9

25.7
121.1

25.0
118.6

24.9
123.9

25.2
132.1

25.0
134.7

21
22

1256.5

1310.2

1419.0

1587.8

1706.1

1736.9

1768.7

1833.0

1600.3

1667.1

1672.7

23

773.3
73.5
531.0
168.8

840.1
75.3
551.9
212.9

924.9
80.7
599.1
245.1

990.3
81.2
584.7
324.5

1066.9
85.0
618.7
363.3

1099.9
86.7
637.6
375.6

1120.6
88.7
651.8
380.1

1150.5
88.1
665.8
396.5

1091.5
85.9
647.6
358.0

1170.2
89.4
671.5
409.4

1169.0
89.2
671.0
408.7

24
25
26
27

72.4

57.4

77.5

82.2

78.7

77.1

83.2

81.8

63.1

55.3

63.8

28

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

285.7
3.6
23.0
259.1

262.3
3.4
27.2
231.7

296.8
5.1
42.4
249.3

385.8
7.6
68.9
309.3

409.6
8.7
75.5
325.5

406.1
8.5
79.2
318.4

411.2
9.6
78.5
323.0

412.4
10.5
75.9
325.9

297.8
10.7
27.3
259.8

288.4
11.0
25.8
251.6

289.5
11.0
23.8
254.7

29
30
31
32

33
34
35
36

Taxes payable
Miscellaneous liabilities
Investment by parent
Other

1.7
123.3
7.4
115.9

1.5
148.9
8.3
140.6

1.3
118.5
9.3
109.2

1.9
127.6
10.5
117.1

2.6
148.2
11.8
136.5

3.0
150.8
12.1
138.7

2.8
151.0
12.5
138.5

2.9
185.5
12.8
172.7

2.1
145.8
13.2
132.6

2.0
151.2
13.6
137.6

1.8
148.6
14.0
134.6

33
34
35
36

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

74

Z.1, September 17, 2007

L.115 Credit Unions
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

505.5

564.0

617.2

654.7

685.7

703.3

703.7

709.2

716.2

741.3

748.5

1

36.8
23.0
2.5

38.4
24.6
1.7

41.5
27.1
1.6

40.2
26.4
4.1

38.1
21.9
6.7

47.3
20.3
9.2

40.2
19.4
6.8

40.3
18.0
6.1

44.4
17.0
5.1

59.4
17.5
10.2

52.6
18.7
6.9

2
3
4

421.2

465.4

516.6

556.4

592.6

604.1

615.6

618.9

622.7

630.0

642.5

5

2.4
7.4
80.6

3.6
7.8
98.8

1.6
9.1
117.4

1.9
9.0
116.9

1.3
7.8
109.3

2.3
8.1
115.7

1.8
7.8
113.2

2.3
7.9
103.3

2.3
7.5
101.8

3.7
7.3
106.4

3.9
7.5
105.6

6
7
8

9
10

Home mortgages
Consumer credit

141.3
189.6

159.4
195.7

182.6
205.9

213.2
215.4

245.6
228.6

250.7
227.3

262.5
230.4

270.9
234.5

276.6
234.5

280.0
232.7

290.0
235.4

9
10

11
12

Mutual fund shares
Miscellaneous assets

3.7
18.3

3.5
30.4

4.1
26.3

3.1
24.5

2.2
24.2

2.3
20.2

2.0
19.7

2.0
23.9

2.1
24.9

2.2
21.9

1.9
25.9

11
12

458.9

512.3

561.5

595.2

622.7

639.3

638.9

643.1

648.7

672.7

679.0

13

450.2
54.7
361.3
34.1

499.7
60.5
396.4
42.8

545.0
66.5
424.9
53.6

574.5
74.1
440.4
60.0

596.1
81.1
452.5
62.5

614.8
83.0
468.1
63.7

612.8
82.7
467.9
62.2

613.7
74.9
474.9
63.9

620.6
75.7
479.9
65.0

645.6
76.2
501.3
68.1

650.9
74.9
506.3
69.7

14
15
16
17

4.9
3.8

6.9
5.7

9.1
7.4

11.4
9.3

14.7
11.9

14.6
9.9

16.3
9.8

16.8
12.6

18.9
9.2

16.2
10.9

18.9
9.2

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

Total financial assets

2
3

Checkable deposits and currency
Security RPs

4

Credit market instruments

5
6

Treasury securities
Agency- and GSE-backed securities

7
8
9

Municipal securities
Corporate and foreign bonds
Commercial mortgages

10
11

Corporate equities
Mutual fund shares

12
13

Trade receivables
Miscellaneous assets

14
15
16

Total liabilities
Taxes payable
Miscellaneous liabilities

859.9

939.8

1059.7

1162.2

1243.8

1271.2

1285.1

1315.4

1329.3

1347.8

1378.6

1

13.1
30.2

25.9
44.4

34.6
52.8

25.9
63.1

21.0
68.9

28.7
64.2

36.6
57.4

41.4
60.2

29.9
66.0

32.0
68.6

32.7
62.4

2
3

518.4

558.3

625.2

698.8

765.8

780.8

792.9

800.8

813.5

821.7

838.5

4

52.0
94.2

61.2
113.2

64.7
115.4

71.3
112.1

69.2
117.9

71.1
119.5

72.8
120.6

74.1
121.0

75.8
122.0

76.6
123.2

78.1
125.7

5
6

173.8
196.4
1.9

183.0
198.9
2.0

224.2
218.9
2.1

267.8
245.3
2.4

313.2
262.8
2.7

320.0
267.5
2.7

325.6
271.1
2.9

329.5
273.3
2.9

335.2
277.0
3.5

338.6
279.8
3.6

345.3
285.4
4.1

7
8
9

171.0
3.0

149.4
3.0

178.4
4.3

196.6
5.2

199.5
5.7

205.3
6.1

202.7
6.1

211.7
6.4

227.0
6.9

229.2
7.1

243.1
7.5

10
11

69.9
54.4

74.8
84.1

79.3
85.0

79.6
93.0

82.1
100.7

84.1
102.0

86.0
103.5

85.2
109.7

87.0
99.0

87.0
102.1

89.6
104.8

12
13

597.0

641.3

696.5

741.8

799.2

806.8

814.8

826.5

828.6

830.7

844.3

14

22.4
574.6

25.6
615.7

29.3
667.2

33.5
708.3

38.2
761.0

39.4
767.4

40.7
774.1

42.0
784.5

43.4
785.3

44.7
786.0

46.1
798.2

15
16

75

Z.1, September 17, 2007

L.117 Life Insurance Companies
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

3224.6

3335.0

3772.8

4130.3

4350.7

4466.6

4478.4

4570.5

4685.3

4746.8

4867.7

1

36.8
173.3

35.3
159.8

47.3
151.4

53.3
120.7

47.7
113.6

49.9
121.9

50.4
134.4

51.0
150.3

56.1
162.3

58.1
178.9

55.2
193.4

2
3

2074.8

2307.8

2488.3

2661.4

2765.4

2806.3

2827.9

2842.5

2806.1

2825.0

2841.5

4

59.3
53.7
253.5

74.0
78.5
330.9

55.9
71.8
348.9

48.2
78.5
357.1

40.2
91.2
368.5

43.3
90.2
376.7

45.0
88.5
380.0

49.7
86.5
382.0

53.1
83.2
377.4

51.8
83.7
379.9

52.9
83.9
381.2

5
6
7

18.7
1342.4
104.1
243.0

19.9
1449.3
105.1
250.0

26.1
1620.2
104.5
260.9

30.1
1768.0
106.1
273.3

32.5
1840.7
106.9
285.5

34.0
1866.0
107.6
288.5

35.2
1874.5
109.1
295.7

36.3
1877.2
110.5
300.4

36.6
1841.9
110.2
303.8

36.9
1855.6
110.9
306.1

37.0
1862.6
112.1
311.8

8
9
10
11

811.3
88.3

708.9
76.6

919.3
91.7

1053.9
114.4

1161.8
109.0

1216.0
120.7

1196.7
125.0

1243.3
134.8

1364.8
148.8

1402.6
152.8

1494.9
160.9

12
13

40.1

46.8

74.7

126.6

153.1

151.8

143.9

148.5

147.1

129.4

121.8

14

3034.8

3140.4

3539.4

3869.7

4088.4

4202.6

4217.6

4304.9

4412.0

4469.3

4584.9

15

16
17
18

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

3.1
842.2
1558.5

5.1
881.6
1604.9

8.0
972.7
1803.2

11.1
1018.8
2027.9

11.5
1039.9
2197.4

12.2
1059.6
2262.8

12.5
1066.8
2254.2

13.1
1090.0
2292.6

14.2
1119.5
2356.4

15.4
1128.6
2393.8

18.6
1156.4
2478.5

16
17
18

19
20

Taxes payable
Miscellaneous liabilities

19.7
611.2

22.1
626.7

24.9
730.6

28.1
783.9

31.6
808.0

32.6
835.5

33.6
850.6

34.6
874.6

35.6
886.2

36.7
894.9

37.8
893.7

19
20

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

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

Total financial assets

2
3
4
5

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

6

Credit market instruments

7
8
9
10
11

4048.2

3677.2

4520.1

4915.2

5120.4

5232.8

5128.6

5243.9

5524.2

5581.1

5820.1

1

9.9
61.3
75.1
17.7

10.2
57.4
84.5
19.0

10.3
60.4
84.3
20.5

10.5
55.8
84.9
26.5

10.8
62.0
86.7
28.2

10.9
61.3
87.6
28.8

11.1
61.8
88.3
25.3

11.2
62.5
89.2
25.6

11.2
63.1
90.1
31.5

11.3
63.9
90.9
31.8

11.4
64.6
91.8
31.5

2
3
4
5

585.8

577.3

646.5

646.1

658.6

660.5

672.5

682.2

692.6

707.8

723.8

6

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

27.0
104.0
202.5

29.2
100.6
183.2

26.0
113.9
221.4

26.4
109.8
232.8

28.5
112.8
231.4

29.0
113.2
234.2

30.2
114.0
239.6

30.8
115.1
245.0

31.6
116.4
250.1

32.3
118.2
257.5

33.0
121.0
263.6

7
8
9

Corporate and foreign bonds
Mortgages

242.5
9.8

253.9
10.3

274.8
10.2

267.1
10.0

276.1
9.8

274.3
9.8

279.1
9.7

281.7
9.6

285.0
9.5

290.5
9.3

296.7
9.5

10
11

1908.6
962.9

1588.6
931.9

2096.6
1126.9

2333.5
1278.2

2417.0
1375.8

2496.4
1407.1

2425.7
1368.1

2474.9
1417.4

2635.3
1505.4

2658.8
1527.5

2778.8
1609.6

12
13

12
13

Corporate equities
Mutual fund shares

14
15
16
17

Miscellaneous assets
Unallocated insurance contracts (2)
Contributions receivable
Other

426.8
275.8
48.4
102.6

408.4
249.6
49.9
108.9

474.8
317.0
49.8
108.0

479.6
328.4
46.6
104.5

481.3
338.4
44.8
98.2

480.3
340.8
44.3
95.2

475.8
339.1
43.8
92.9

480.9
347.0
43.3
90.6

495.1
363.9
42.8
88.4

489.1
359.8
42.3
87.0

508.5
374.4
44.5
89.6

14
15
16
17

18

Pension fund reserves (liabilities) (3)

4094.7

3719.2

4561.6

4955.8

5159.6

5271.7

5167.3

5282.4

5561.9

5617.8

5856.4

18

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

76

Z.1, September 17, 2007

L.119 State and Local Government Employee Retirement Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

Total financial assets

2
3
4
5

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

6

Credit market instruments

7
8
9
10
11
12

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

2206.6

1930.5

2344.0

2572.0

2701.5

2795.5

2761.4

2835.0

2979.8

3008.9

3106.6

1

11.4
1.8
15.4
34.0

12.9
1.7
15.5
27.1

17.2
1.4
12.6
22.0

17.6
1.8
9.6
16.7

18.2
1.6
9.8
16.7

17.7
2.2
10.0
17.2

18.2
1.4
9.5
17.1

18.2
1.9
10.0
17.1

18.6
1.6
10.6
17.8

19.3
1.5
10.4
17.7

18.1
2.5
10.8
19.2

2
3
4
5

689.4

638.7

649.9

677.1

674.3

672.0

686.9

688.8

709.6

712.7

715.2

6

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

51.3
155.1
180.7

48.0
158.9
192.6

39.1
147.9
248.3

29.6
130.4
292.5

29.8
129.4
290.9

30.9
128.9
290.0

30.1
132.1
296.0

30.4
132.1
295.7

31.4
134.7
301.3

31.9
134.8
302.9

33.1
135.9
301.7

7
8
9

Municipal securities
Corporate and foreign bonds
Mortgages

1.7
279.7
21.0

0.9
217.3
21.1

1.0
193.2
20.4

1.7
203.4
19.5

1.7
203.0
19.4

2.0
200.9
19.3

2.0
207.3
19.3

2.1
208.7
19.8

1.3
219.5
21.3

1.5
220.4
21.3

1.2
221.5
21.9

10
11
12

1260.4
184.3

1056.8
167.4

1421.5
208.0

1607.0
230.5

1729.0
238.3

1819.0
246.7

1776.2
240.9

1836.9
249.1

1945.1
263.8

1967.8
266.4

2047.7
277.5

13
14

10.0

10.4

11.3

11.8

13.7

10.8

11.3

12.9

12.6

13.1

15.5

15

2253.5

1980.0

2393.9

2620.0

2745.3

2838.0

2802.3

2874.2

3017.1

3044.3

3139.8

16

13
14

Corporate equities
Mutual fund shares

15

Miscellaneous assets

16

2002

Pension fund reserves (liabilities) (1)

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

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

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

859.7

893.8

958.5

1023.5

1074.5

1068.4

1074.6

1098.5

1142.1

1132.8

1134.2

1

44.8

57.6

63.6

68.2

76.0

77.3

81.8

83.7

84.3

88.1

88.9

2

40.6
2.6
1.6

50.2
4.6
2.8

55.3
5.1
3.2

60.7
4.6
3.0

68.4
4.6
3.0

69.9
4.6
2.9

74.4
4.5
2.9

76.2
4.6
2.9

76.7
4.7
2.9

80.4
4.8
2.9

81.3
4.7
2.9

3
4
5

49.1
765.8

45.9
790.3

79.9
815.0

99.3
855.9

115.6
882.9

122.3
868.8

119.5
873.3

126.6
888.2

139.1
918.7

141.4
903.4

152.5
892.8

6
7

859.7

893.8

958.5

1023.5

1074.5

1068.4

1074.6

1098.5

1142.1

1132.8

1134.2

8

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

77

Z.1, September 17, 2007

L.121 Money Market Mutual Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

Total financial assets

2
3
4
5

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

6

Credit market instruments

7
8
9
10
11
12
13

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

2240.6

2223.9

2016.4

1879.8

2006.9

2014.1

2067.4

2166.5

2312.5

2390.0

2489.7

1

115.0
5.4
244.0
226.2

108.1
-1.4
220.2
273.4

71.5
-2.1
166.8
252.6

78.5
0.6
167.2
234.0

94.7
-0.9
183.0
346.0

97.3
-4.3
182.5
341.4

79.6
10.0
204.8
351.8

70.5
1.7
209.5
368.2

84.2
6.7
206.7
394.9

81.4
-1.9
205.2
388.2

69.9
-3.5
214.0
413.0

2
3
4
5

1584.9

1567.1

1471.3

1346.3

1340.8

1353.5

1375.9

1452.9

1561.0

1634.4

1699.7

6

623.7
137.5
324.4
276.7
222.5

585.2
142.2
333.1
278.5
228.1

459.9
132.1
328.6
292.1
258.7

405.8
98.2
267.5
313.8
261.0

492.2
88.6
160.1
336.8
263.2

489.8
84.8
153.3
347.2
278.5

507.9
79.6
150.4
343.1
294.9

555.9
71.1
138.9
353.2
333.9

608.4
82.7
131.4
370.3
368.3

644.2
90.9
121.8
388.3
389.1

663.5
89.1
126.0
398.9
422.2

7
8
9
10
11

65.1

56.5

56.2

53.3

43.3

43.7

45.3

63.7

59.2

82.7

96.6

12

2240.6

2223.9

2016.4

1879.8

2006.9

2014.1

2067.4

2166.5

2312.5

2390.0

2489.7

13

6627.9

7068.3

7328.7

7801.1

1

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

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

Total financial assets

2

Security RPs

3

Credit market instruments

4
5
6
7
8
9
10
11

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

4135.4

3638.4

4654.2

5436.3

6048.9

6463.8

6419.3

70.7

81.6

94.5

112.6

115.4

127.1

133.7

139.0

132.8

125.8

125.0

2

1229.7

1368.4

1506.4

1623.0

1747.1

1805.4

1839.5

1874.0

1932.0

2005.4

2085.0

3

70.7
117.6
368.3
253.0
420.0

63.1
134.8
422.4
277.3
470.9

76.2
144.2
447.5
290.2
548.3

94.2
149.0
462.7
294.3
622.8

97.1
155.7
483.4
311.7
699.2

108.7
157.3
488.5
321.5
729.4

115.3
157.5
489.2
328.1
749.3

120.6
157.1
488.0
333.1
775.2

114.5
160.7
499.1
344.4
813.3

107.7
166.2
516.4
358.9
856.3

107.0
170.5
530.0
369.2
908.2

4
5
6
7
8

2834.0
0.9

2187.4
0.9

3051.3
2.0

3693.6
7.0

4175.7
10.7

4517.0
14.4

4432.5
13.5

4599.4
15.4

4989.6
14.0

5181.1
16.4

5574.8
16.4

9
10

4135.4

3638.4

4654.2

5436.3

6048.9

6463.8

6419.3

6627.9

7068.3

7328.7

7801.1

11

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

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

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

139.5

150.8

205.6

245.9

270.7

277.2

279.4

282.4

294.0

308.6

324.4

1

108.5
6.7
74.7
27.1

117.1
3.9
86.0
27.1

152.6
4.6
89.3
58.8

163.6
6.8
89.1
67.6

165.1
7.1
89.4
68.7

167.8
6.7
89.4
71.7

171.9
7.1
89.8
74.9

170.6
7.1
89.2
74.3

172.0
7.4
89.6
75.1

171.9
7.2
89.2
75.6

177.7
6.6
91.3
79.8

2
3
4
5

31.1

33.7

53.0

82.3

105.6

109.4

107.6

111.8

122.0

136.7

146.7

6

139.5

150.8

205.6

245.9

270.7

277.2

279.4

282.4

294.0

308.6

324.4

7

83.0

102.0

150.8

225.9

296.0

329.5

346.2

361.7

422.8

444.3

486.3

8

0.0
0.0
0.0

3.7
2.0
1.8

4.5
2.1
2.4

8.2
4.9
3.3

15.0
9.7
5.3

15.7
10.0
5.7

18.0
11.8
6.2

18.7
12.1
6.6

20.7
13.1
7.6

22.4
13.9
8.5

26.3
16.1
10.3

9
10
11

83.0

98.2

146.3

217.7

281.0

313.7

328.1

343.0

402.0

421.9

460.0

12

83.0

102.0

150.8

225.9

296.0

329.5

346.2

361.7

422.8

444.3

486.3

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 17, 2007

L.124 Government-Sponsored Enterprises (GSEs) (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

Total financial assets

2
3
4

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

5

Credit market instruments

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

2309.4

2549.4

2794.4

2882.9

2819.4

2831.0

2890.3

2875.7

2880.1

2878.6

2922.6

1

6.7
30.3
104.4

14.8
25.3
95.3

28.8
16.7
75.3

39.1
23.3
93.6

14.6
35.3
107.7

16.5
34.5
116.3

30.9
41.4
109.0

15.6
35.7
116.5

16.4
33.9
117.4

14.6
38.6
150.3

16.4
36.8
150.8

2
3
4

2099.1

2323.2

2564.2

2613.0

2543.9

2552.5

2591.2

2579.0

2589.8

2556.0

2589.0

5

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

33.8
13.6
996.8

10.4
25.7
1111.7

6.7
13.5
1034.3

5.8
12.9
886.5

13.8
13.1
751.1

17.9
13.4
745.9

23.0
13.8
742.8

25.7
14.0
724.0

32.4
14.2
712.2

20.3
14.5
696.2

33.8
14.8
691.3

6
7
8

9
10

Municipal securities
Corporate and foreign bonds

35.4
176.7

39.4
227.1

44.4
277.4

44.6
414.8

39.7
465.7

38.2
473.4

36.5
479.6

34.6
477.4

36.1
482.7

33.8
489.2

32.7
491.6

9
10

11
12
13
14

Other loans and advances
Sallie Mae
Farm Credit System
FHLB

505.9
0.8
41.8
463.3

514.7
0.4
43.8
470.5

545.8
0.3
43.8
501.7

619.4
0.0
43.6
575.8

671.8
0.0
51.6
620.2

670.1
0.0
53.3
616.9

697.6
0.0
56.1
641.5

701.8
0.0
58.1
643.7

704.9
0.0
63.5
641.4

690.2
0.0
65.7
624.4

708.6
0.0
66.6
642.0

11
12
13
14

15
16
17
18
19

Mortgages
Home
Multifamily residential
Farm
Consumer credit (2)

297.5
231.2
33.2
33.1
39.4

357.3
276.8
41.7
38.8
36.9

621.5
514.7
68.2
38.7
20.6

629.0
508.0
82.5
38.6
0.0

588.8
454.9
93.0
40.9
0.0

593.6
455.5
96.2
41.8
0.0

598.1
456.4
98.8
42.8
0.0

601.5
456.6
101.2
43.7
0.0

607.3
457.2
105.4
44.6
0.0

611.7
460.3
106.5
44.9
0.0

616.3
463.3
107.8
45.2
0.0

15
16
17
18
19

68.9

90.9

109.4

113.9

117.8

111.3

117.8

129.0

122.7

119.2

129.5

20

2272.0

2519.6

2747.1

2818.0

2736.8

2739.8

2799.3

2776.2

2788.8

2793.2

2831.3

21

2130.6
2130.6
0.0

2350.4
2350.4
0.0

2601.3
2601.3
0.0

2676.3
2676.3
0.0

2592.2
2592.2
0.0

2592.1
2592.1
0.0

2643.3
2643.3
0.0

2624.8
2624.8
0.0

2637.4
2637.4
0.0

2644.6
2644.6
0.0

2669.3
2669.3
0.0

22
23
24

141.5

169.2

145.8

141.7

144.5

147.7

156.0

151.4

151.4

148.6

162.1

25

6
7
8

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, and the Resolution Funding Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.
(2) Sallie Mae student loans.
(3) Such issues are classified as agency- and GSE-backed securities.

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

2831.8

3158.6

3326.7

3389.5

3563.7

3641.1

3703.3

3784.7

3858.8

3981.5

4103.9

1

2
3
4
5

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

2748.5
81.6
0.0
1.7

3063.7
94.5
0.0
0.4

3211.2
114.5
0.0
1.0

3269.9
118.6
0.0
0.9

3437.5
125.3
0.0
0.8

3511.8
128.0
0.0
1.3

3571.2
130.3
0.0
1.8

3648.7
132.9
0.0
3.1

3720.1
135.5
0.0
3.2

3839.3
138.8
0.0
3.4

3957.1
142.1
0.0
4.7

2
3
4
5

6

Total pool securities (liabilities)(2)

2831.8

3158.6

3326.7

3389.5

3563.7

3641.1

3703.3

3784.7

3858.8

3981.5

4103.9

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 17, 2007

L.126 Issuers of Asset-Backed Securities (ABS)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1731.5

1945.0

2157.6

2573.7

3263.8

3449.0

3637.2

3817.6

4015.4

4156.7

4294.9

1

2
3
4

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

0.5
196.5
108.3

0.9
271.9
105.0

2.8
356.1
103.9

8.0
352.6
105.3

27.7
388.9
88.5

33.3
412.5
89.1

43.3
430.7
90.7

51.0
452.2
86.8

61.1
466.3
90.2

65.5
488.7
82.0

72.6
506.4
82.5

2
3
4

5
6
7
8

Mortgages (2)
Home
Multifamily residential
Commercial

740.0
463.2
53.4
223.4

851.2
544.1
58.7
248.4

1021.6
664.0
66.6
291.0

1459.7
1049.8
73.1
336.9

2058.3
1536.6
89.6
432.1

2201.8
1663.2
91.5
447.1

2330.1
1773.6
93.4
463.1

2469.3
1888.8
95.7
484.7

2610.4
1991.5
101.3
517.7

2728.9
2068.1
107.9
552.9

2830.4
2120.2
116.3
594.0

5
6
7
8

Consumer credit
Trade receivables

598.0
88.2

633.3
82.7

596.8
76.5

572.1
76.1

604.6
95.8

613.2
99.1

638.5
103.9

646.0
112.2

665.8
121.6

671.8
119.9

674.0
128.9

9
10

1738.3

1950.8

2163.2

2578.5

3268.0

3453.0

3641.0

3821.3

4019.0

4160.2

4298.2

11

602.6
1135.7

562.5
1388.3

519.5
1643.7

511.5
2067.0

658.3
2609.6

674.3
2778.7

723.5
2917.5

743.1
3078.3

818.6
3200.4

811.8
3348.4

884.9
3413.3

12
13

6.8
6.8

5.7
14.3

5.5
30.0

4.8
81.9

4.2
114.7

4.0
118.8

3.9
124.3

3.7
125.6

3.6
136.2

3.5
126.9

3.4
124.0

14
15

9
10
11
12
13

14
15

Total financial assets

2002

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.128.

L.127 Finance Companies (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

Other loans and advances
Mortgages
Consumer credit
Miscellaneous assets
Total liabilities
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)

1304.0

1445.6

1679.5

1858.0

1856.9

1854.3

1856.8

1871.8

1891.3

1892.6

1895.8

1

30.8

33.8

37.1

40.6

44.2

44.2

44.2

44.2

44.2

44.2

44.2

2

978.4

1082.0

1204.9

1419.8

1537.1

1542.9

1574.4

1608.2

1626.8

1617.6

1613.5

3

440.2
258.2
280.0

444.0
330.5
307.5

441.7
370.2
393.0

451.5
476.0
492.3

479.2
541.4
516.5

482.8
560.6
499.5

497.4
572.0
505.0

490.4
591.6
526.2

498.0
594.4
534.4

505.4
579.8
532.4

509.3
563.2
541.0

4
5
6

294.9

329.7

437.4

397.5

275.6

267.2

238.2

219.4

220.3

230.8

238.2

7

1299.7

1435.1

1674.9

1864.3

1828.3

1822.1

1836.4

1848.3

1876.8

1868.1

1882.1

8

818.0

884.2

995.3

1129.6

1108.6

1099.3

1122.2

1119.5

1144.2

1133.6

1134.7

9

162.4
571.3
84.3

147.8
635.3
101.1

145.1
743.2
106.9

175.3
817.4
136.9

160.0
806.5
142.1

151.0
810.9
137.4

152.7
832.6
136.9

164.0
824.0
131.5

165.3
849.6
129.2

159.1
836.3
138.1

154.0
827.2
153.5

10
11
12

10.2

11.6

13.2

15.0

17.1

17.6

18.2

18.7

19.3

19.9

20.5

13

471.5
68.6
156.5
246.3

539.2
49.9
179.6
309.8

666.4
68.1
202.8
395.4

719.6
71.4
257.7
390.5

702.7
84.5
312.2
306.0

705.2
85.4
319.0
300.8

696.0
84.9
327.4
283.7

710.1
84.7
336.7
288.6

713.4
100.0
338.5
274.8

714.6
94.0
330.8
289.8

726.9
95.2
348.3
283.3

14
15
16
17

107.4

89.8

79.0

74.1

85.3

91.7

97.8

102.1

106.0

110.7

116.3

18

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

80

Z.1, September 17, 2007

L.128 Real Estate Investment Trusts (REITs)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

Total financial assets

2

Checkable deposits and currency

3

Credit market instruments

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

76.4

101.7

136.0

253.2

330.1

346.0

363.3

377.3

403.7

397.9

390.8

1

5.5

5.5

9.3

12.5

14.1

15.1

14.2

16.7

19.8

22.5

19.7

2

48.0

71.7

97.5

200.1

267.0

277.1

291.6

302.7

324.5

315.4

308.7

3

4
5

Agency- and GSE-backed securities
Corporate and foreign bonds

22.0
7.9

29.4
12.6

28.7
19.2

44.5
36.8

44.0
63.6

44.2
67.1

51.6
71.1

59.3
73.8

72.6
80.9

80.8
67.7

80.3
69.0

4
5

6
7
8
9

Mortgages
Home
Multifamily residential
Commercial

18.0
8.7
1.8
7.6

29.8
20.1
1.5
8.1

49.6
37.8
1.6
10.1

118.8
103.7
1.6
13.5

159.4
134.5
1.8
23.0

165.8
138.8
2.3
24.7

168.8
141.5
2.2
25.1

169.6
138.2
2.6
28.8

171.0
130.9
5.2
34.9

167.0
128.0
5.8
33.2

159.5
119.1
6.0
34.4

6
7
8
9

10

22.9

24.5

29.3

40.6

48.9

53.8

57.5

57.9

59.4

59.9

62.4

10

11

Total liabilities

230.9

275.8

314.8

460.7

555.0

574.6

594.5

611.5

625.7

621.0

623.5

11

12

Security RPs

21.6

36.7

42.6

67.7

100.6

102.8

106.8

111.7

123.4

117.3

120.3

12

13

Credit market instruments

171.2

198.5

230.0

343.2

402.9

418.2

432.4

440.5

444.0

444.6

445.6

13

0.0
71.4
14.3
85.6

0.0
87.6
14.4
96.5

0.0
110.6
14.7
104.7

0.0
196.4
16.2
130.6

0.0
236.9
21.5
144.5

0.0
246.2
22.8
149.2

0.0
259.7
21.7
151.0

0.0
266.0
21.6
153.0

0.0
274.1
18.4
151.5

0.0
277.5
19.4
147.7

0.0
276.8
19.1
149.8

14
15
16
17

38.0

40.6

42.3

49.9

51.5

53.6

55.3

59.2

58.2

59.1

57.6

18

6.8
0.3
5.5
0.1
0.8

14.3
0.0
12.7
0.1
1.4

30.0
0.0
28.6
0.1
1.3

81.9
0.0
79.0
0.1
2.8

114.7
0.0
107.4
0.1
7.1

118.8
0.0
110.1
0.2
8.5

124.3
0.0
112.1
0.2
12.0

125.6
0.0
111.0
0.2
14.3

136.2
0.0
111.3
0.4
24.5

126.9
0.0
108.9
0.4
17.6

124.0
0.0
103.8
0.4
19.8

19
20
21
22
23

14
15
16
17
18

19
20
21
22
23

Miscellaneous assets

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

81

Z.1, September 17, 2007

L.129 Security Brokers and Dealers
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1465.6

1335.4

1613.0

1844.9

2127.1

2288.1

2402.6

2584.5

2741.7

3019.6

3154.8

1

47.1

44.2

47.2

62.9

56.5

62.5

74.7

69.8

80.5

81.9

88.2

2

316.0

344.4

424.1

394.9

477.2

497.2

470.0

537.3

583.4

676.6

592.0

3

48.2
9.8
77.8
19.0
161.3

43.5
-3.9
91.8
21.0
192.0

49.4
37.8
83.7
24.9
228.3

48.0
-44.6
107.3
32.0
252.2

60.2
-64.6
101.0
42.9
337.7

66.7
-79.8
129.4
35.6
345.4

67.6
-148.6
155.1
37.9
358.0

74.0
-110.4
160.9
38.4
374.5

64.3
-67.0
138.0
50.9
397.2

77.1
-41.7
147.8
48.4
445.1

74.1
-124.6
122.6
53.9
466.0

4
5
6
7
8

85.1
196.4
821.0

74.9
148.2
723.7

100.5
182.5
858.8

129.1
264.0
994.0

158.3
232.4
1202.6

167.2
249.5
1311.7

166.9
243.8
1447.1

172.7
254.5
1550.1

186.4
292.1
1599.4

202.1
279.0
1780.1

215.8
333.6
1925.2

9
10
11

1440.8

1315.9

1589.9

1823.1

2092.5

2243.8

2356.5

2533.4

2688.6

2957.7

3092.8

12

13
14

Security RPs (net)
Corporate bonds

353.2
42.3

344.2
40.6

490.4
47.0

526.9
62.2

733.6
62.4

816.5
71.1

835.0
72.8

963.0
74.0

1071.8
68.8

1222.1
83.7

1220.0
93.6

13
14

15
16
17
18
19

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

39.2
629.5
454.3
175.2
1.9

37.4
590.6
412.7
177.9
1.3

28.2
676.3
475.4
200.9
1.8

36.0
774.2
578.3
195.8
2.2

43.1
806.0
575.3
230.7
2.1

35.9
856.0
598.6
257.4
2.6

48.9
904.8
646.3
258.5
2.8

43.3
936.9
654.8
282.2
3.3

48.3
957.8
655.7
302.2
2.8

51.7
1012.0
690.1
321.9
3.6

65.4
1034.8
735.1
299.6
3.7

15
16
17
18
19

20
21
22
23

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

374.6
72.2
556.1
-253.7

301.7
78.6
570.7
-347.6

346.3
87.3
617.9
-358.9

421.7
94.9
663.1
-336.3

445.5
89.9
812.4
-456.8

461.7
88.0
772.4
-398.7

492.2
87.4
816.6
-411.8

512.8
84.5
833.1
-404.8

539.1
80.5
881.6
-423.1

584.6
80.6
857.9
-353.9

675.3
81.4
873.2
-279.3

20
21
22
23

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

Total financial assets

1165.1

1085.8

1146.7

1170.2

1403.6

1462.0

1451.0

1522.6

1523.6

1651.6

1681.1

1

2

Money market fund shares

430.4

422.2

374.6

286.4

309.9

302.1

290.9

322.3

308.6

379.8

348.1

2

3

Credit market instruments

225.5

121.3

210.5

254.9

308.6

355.1

315.4

346.3

360.2

386.1

423.3

3

154.7
70.8

64.9
56.4

99.2
111.3

158.1
96.8

241.2
67.5

280.1
75.0

250.3
65.1

274.9
71.4

299.8
60.4

316.5
69.6

364.0
59.3

4
5

509.2
108.7
400.5

542.4
127.8
414.6

561.6
135.0
426.5

628.9
167.7
461.2

785.0
188.8
596.3

804.9
212.9
592.0

844.7
215.0
629.8

854.0
211.8
642.2

854.8
197.3
657.5

885.8
231.1
654.7

909.7
240.7
668.9

6
7
8

1165.1

1085.8

1146.7

1170.2

1403.6

1462.0

1451.0

1522.6

1523.6

1651.6

1681.1

9

539.5

527.6

535.2

541.3

647.9

671.7

686.2

669.2

683.3

724.2

730.9

10

279.8
259.7

237.5
290.1

229.7
305.5

223.6
317.7

302.5
345.3

324.3
347.4

331.9
354.3

312.7
356.5

316.3
367.0

360.4
363.8

367.1
363.9

11
12

625.6
-30.3
578.3
77.6

558.2
14.7
575.4
-31.9

611.4
26.3
678.0
-92.9

628.8
87.6
764.8
-223.6

755.7
137.2
939.7
-321.2

790.3
133.2
1015.4
-358.3

764.8
158.6
1130.2
-524.0

853.4
184.8
1220.5
-551.9

840.4
171.6
1242.3
-573.5

927.4
161.5
1377.1
-611.3

950.1
178.7
1429.3
-657.9

13
14
15
16

4
5
6
7
8
9
10
11
12
13
14
15
16

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

(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 17, 2007

L.200 Gold and Official Foreign Exchange Holdings (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
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

2007
Q3

Q4

Q1

Q2

68.7

79.0

85.9

86.8

65.1

65.4

67.9

66.2

65.9

66.6

66.1

1

21.8

23.2

23.7

24.6

19.3

19.4

19.7

19.7

19.9

20.0

20.1

2

10.8
11.0

12.2
11.0

12.6
11.0

13.6
11.0

8.2
11.0

8.3
11.0

8.6
11.0

8.7
11.0

8.9
11.0

9.0
11.0

9.0
11.0

3
4

46.8

55.8

62.3

62.2

45.9

46.0

48.3

46.5

46.0

46.6

46.1

5

Official foreign currency holdings
Treasury
Monetary authority

29.0
14.4
14.6

33.8
16.9
16.9

39.7
19.9
19.9

42.7
21.4
21.4

37.8
18.9
18.9

38.6
19.3
19.3

40.4
20.2
20.2

39.9
19.9
20.0

40.9
20.5
20.5

41.7
20.8
20.9

41.5
20.7
20.8

6
7
8

Net IMF position
Federal government
Monetary authority

17.9
17.9
-0.1

22.0
22.1
-0.1

22.5
22.6
-0.1

19.5
19.6
-0.1

8.0
8.1
-0.1

7.4
7.5
-0.1

7.9
8.0
-0.1

6.6
6.7
-0.1

5.0
5.1
-0.1

4.8
4.9
-0.1

4.6
4.7
-0.1

9
10
11

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

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

Liab: Federal government
Asset: Monetary authority

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

2.2
2.2

1
2

Treasury currency:
3
4

Liab: Federal government
Asset: Monetary authority

24.5
33.0

25.5
34.6

26.0
35.5

26.7
36.4

27.5
36.5

27.6
37.9

27.8
38.0

28.1
38.1

28.1
38.2

28.2
38.4

28.5
38.5

3
4

5

Discrepancy (seigniorage)

-8.6

-9.1

-9.5

-9.7

-9.1

-10.3

-10.2

-10.0

-10.1

-10.2

-10.0

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

810.1

831.1

867.1

957.0

1024.7

1078.8

1149.3

1139.6

1123.5

1194.7

1308.5

1

48.7
15.5
115.0

49.9
20.6
108.1

52.1
38.1
71.5

57.5
53.7
78.5

61.6
60.6
94.7

64.8
58.0
97.3

69.0
67.9
79.6

68.4
58.2
70.5

67.5
64.8
84.2

71.8
44.5
81.4

78.6
52.4
69.9

2
3
4

630.9

652.5

705.3

767.2

807.9

858.8

932.8

942.4

907.1

997.0

1107.7

5

83

Z.1, September 17, 2007

L.203 Net Interbank Transactions
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

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

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

191.4

206.0

193.0

212.2

201.3

181.0

139.6

147.2

189.8

49.8

73.8

1

64.8
17.5
47.3

70.4
22.5
47.8

71.0
23.1
48.0

65.6
24.0
41.5

69.1
19.0
50.1

61.0
21.0
40.0

63.6
21.0
42.6

57.4
17.3
40.1

70.4
18.7
51.7

59.5
18.3
41.2

60.7
17.3
43.5

2
3
4

126.6
0.0

135.7
0.5

122.0
-0.3

146.6
1.0

132.2
1.0

120.0
-0.3

76.1
-0.7

89.8
-0.8

119.4
-0.3

-9.7
-0.8

13.0
-1.1

5
6

115.5

119.7

109.6

118.3

106.0

93.2

49.0

49.2

96.4

-41.4

-6.0

7

8
9
10
11

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

127.3
167.0
324.8
157.8

141.1
213.1
323.9
110.8

128.5
256.7
433.6
176.9

142.4
317.4
467.4
150.0

117.7
320.9
487.7
166.8

107.5
324.2
506.5
182.2

62.1
313.1
526.6
213.6

62.1
357.5
535.9
178.4

108.4
432.5
585.8
153.4

-30.2
396.8
572.5
175.8

11.8
438.5
623.4
184.9

8
9
10
11

12
13
14

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

-50.2
163.3
213.5

-83.0
176.2
259.3

-95.2
197.4
292.6

-167.4
274.3
441.8

-176.0
333.9
509.9

-181.9
377.3
559.3

-198.5
389.7
588.2

-231.7
446.0
677.7

-255.6
524.5
780.1

-352.7
521.3
874.0

-338.0
521.2
859.1

12
13
14

15
16
17

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

10.4
51.4
41.0

11.1
53.4
42.4

-33.1
13.2
46.3

-7.5
33.0
40.5

-27.1
42.2
69.4

-34.8
42.3
77.1

-52.4
28.9
81.3

-63.6
25.8
89.4

-68.4
19.7
88.1

-74.3
22.2
96.5

-88.8
25.1
113.9

15
16
17

11.8
11.1
0.7

21.4
21.3
0.1

18.9
18.7
0.1

24.1
23.6
0.5

11.7
11.0
0.7

14.3
14.0
0.3

13.1
13.0
0.1

13.0
12.8
0.1

12.0
11.9
0.1

11.2
10.8
0.4

17.7
17.2
0.5

18
19
20

11.1

15.5

12.7

27.3

25.2

27.1

27.8

41.4

23.2

32.6

20.1

21

-17.7
59.7
47.9
0.7
11.1

0.3
76.0
58.8
1.7
15.5

-53.1
86.0
71.7
1.6
12.7

-20.3
119.3
90.1
1.8
27.3

-18.4
109.6
83.0
1.4
25.2

-27.7
109.6
81.1
1.4
27.1

-26.3
117.6
88.1
1.8
27.8

-32.4
135.7
93.1
1.2
41.4

-55.0
122.4
97.8
1.3
23.2

-66.2
127.6
94.1
0.9
32.6

-65.8
140.3
119.0
1.1
20.1

22
23
24
25
26

89.5
-12.1

90.3
-14.7

98.1
41.0

122.3
17.4

117.9
10.0

121.5
15.7

115.6
28.3

137.5
30.5

140.0
37.4

158.4
35.5

160.3
45.7

27
28

41.6
89.5
47.9

31.5
90.3
58.8

26.4
98.1
71.7

32.1
122.3
90.1

34.9
117.9
83.0

40.5
121.5
81.1

27.5
115.6
88.1

44.4
137.5
93.1

42.2
140.0
97.8

64.3
158.4
94.1

41.3
160.3
119.0

29
30
31

-12.8
-12.1
0.7

-16.4
-14.7
1.7

39.4
41.0
1.6

15.5
17.4
1.8

8.6
10.0
1.4

14.3
15.7
1.4

26.5
28.3
1.8

29.3
30.5
1.2

36.0
37.4
1.3

34.6
35.5
0.9

44.6
45.7
1.1

32
33
34

180.3

190.5

180.3

184.9

176.1

154.0

111.9

105.8

166.6

17.2

53.7

35

115.5

119.7

109.6

118.3

106.0

93.2

49.0

49.2

96.4

-41.4

-6.0

36

64.8

70.8

70.8

66.5

70.1

60.8

62.8

56.6

70.1

58.7

59.6

37

18
19
20
21
22
23
24
25
26

27
28

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

29
30
31

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

32
33
34

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

35

Total assets

36

Rest of the world

37

Domestic

38
39
40

Monetary authority
Federal Reserve float
Loans to member banks

0.0
-0.0
0.0

0.5
0.4
0.0

-0.3
-0.3
0.1

1.0
0.9
0.0

1.0
0.9
0.1

-0.3
-0.9
0.6

-0.7
-1.0
0.3

-0.8
-1.1
0.3

-0.3
-0.3
0.1

-0.8
-0.9
0.0

-1.1
-1.3
0.2

38
39
40

41
42
43

Commercial banking
Reserves at Federal Reserve
Vault cash

62.6
15.2
47.3

67.5
19.7
47.8

67.6
19.7
48.0

62.3
20.8
41.5

66.4
16.3
50.1

58.5
18.5
40.0

61.1
18.5
42.6

55.1
15.1
40.1

68.4
16.7
51.7

57.5
16.3
41.2

58.4
15.0
43.5

41
42
43

44
45

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

2.3

2.8

3.4

3.3

2.7

2.5

2.5

2.3

2.0

2.0

2.3

44

11.1

15.5

12.7

27.3

25.2

27.1

27.8

41.4

23.2

32.6

20.1

45

84

Z.1, September 17, 2007

L.204 Checkable Deposits and Currency
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1360.2

1351.9

1436.9

1521.7

1525.2

1507.8

1536.8

1491.1

1509.6

1501.3

1500.3

1

2
3
4
5

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

603.1
7.1
0.1
596.0

644.6
4.8
0.1
639.7

682.5
6.0
0.2
676.2

719.7
6.2
0.1
713.3

748.8
4.8
0.1
743.9

754.5
5.7
0.1
748.8

760.4
5.7
0.2
754.5

756.3
5.6
0.1
750.5

773.6
5.0
0.2
768.5

769.1
4.5
0.1
764.4

774.5
5.0
0.2
769.3

2
3
4
5

6
7
8
9

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

628.8
47.5
25.8
555.6

571.5
31.1
25.2
515.3

607.2
30.2
37.4
539.6

646.7
26.9
65.0
554.8

610.3
33.9
91.7
484.8

583.6
4.2
114.5
464.8

605.0
41.5
127.1
436.4

571.8
48.3
126.7
396.8

574.4
28.0
160.7
385.7

566.7
3.9
170.3
392.5

561.6
22.2
184.9
354.5

6
7
8
9

73.5
54.7

75.3
60.5

80.7
66.5

81.2
74.1

85.0
81.1

86.7
83.0

88.7
82.7

88.1
74.9

85.9
75.7

89.4
76.2

89.2
74.9

10
11

10
11
12

Total liabilities

2002

Savings institutions
Credit unions

1360.2

1351.9

1436.9

1521.7

1525.2

1507.8

1536.8

1491.1

1509.6

1501.3

1500.3

12

13

Total assets
Household sector

348.3

351.6

295.8

242.0

107.7

100.3

58.5

44.1

19.6

15.5

0.8

13

14
15
16
17

Nonfinancial business
Corporate
Nonfarm noncorporate
Farm

366.5
181.9
164.5
20.0

328.7
141.1
167.1
20.6

385.0
190.9
172.9
21.2

459.9
178.4
259.2
22.3

574.9
251.1
300.8
22.9

553.2
219.2
310.6
23.5

529.6
187.8
317.8
24.0

519.9
168.5
326.9
24.5

509.3
148.2
336.1
25.0

518.1
153.9
338.7
25.5

503.8
134.7
343.2
25.9

14
15
16
17

18
19

State and local governments
Federal government

36.3
66.9

41.5
47.5

44.9
54.1

40.3
21.9

48.8
36.8

47.4
8.4

45.9
45.7

44.5
51.2

51.0
32.9

46.5
7.1

41.3
28.0

18
19

20
21
22

Rest of the world
Checkable deposits
Currency

305.7
25.9
279.8

326.6
25.3
301.3

355.5
37.6
317.9

397.9
65.2
332.7

443.5
91.8
351.7

468.3
114.7
353.6

482.0
127.3
354.8

482.7
126.8
355.9

525.1
160.8
364.3

533.1
170.4
362.6

551.1
185.1
366.0

20
21
22

23

Financial sectors

227.3

246.8

298.5

327.9

291.2

312.2

353.9

333.5

351.1

363.3

356.4

23

24
25
26

Commercial banking
Savings institutions
Credit unions

2.8
21.0
36.8

2.5
24.8
38.4

2.5
24.8
41.5

3.5
21.3
40.2

3.0
23.7
38.1

2.7
21.1
47.3

2.6
20.7
40.2

2.5
20.9
40.3

2.9
20.4
44.4

2.7
19.3
59.4

2.1
19.2
52.6

24
25
26

27
28
29
30

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

13.1
36.8
9.9
11.4

25.9
35.3
10.2
12.9

34.6
47.3
10.3
17.2

25.9
53.3
10.5
17.6

21.0
47.7
10.8
18.2

28.7
49.9
10.9
17.7

36.6
50.4
11.1
18.2

41.4
51.0
11.2
18.2

29.9
56.1
11.2
18.6

32.0
58.1
11.3
19.3

32.7
55.2
11.4
18.1

27
28
29
30

31
32
33
34
35

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

5.4
6.7
30.8
5.5
47.1

-1.4
14.8
33.8
5.5
44.2

-2.1
28.8
37.1
9.3
47.2

0.6
39.1
40.6
12.5
62.9

-0.9
14.6
44.2
14.1
56.5

-4.3
16.5
44.2
15.1
62.5

10.0
30.9
44.2
14.2
74.7

1.7
15.6
44.2
16.7
69.8

6.7
16.4
44.2
19.8
80.5

-1.9
14.6
44.2
22.5
81.9

-3.5
16.4
44.2
19.7
88.2

31
32
33
34
35

9.2

9.2

2.9

31.8

22.4

17.9

21.3

15.0

20.6

17.7

18.8

36

36

Mail float

85

Z.1, September 17, 2007

L.205 Time and Savings Deposits
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

1
2

Total liabilities
Small time and savings deposits

Q2

2007
Q3

Q4

Q1

Q2

4491.5

4866.9

5230.1

5789.9

6388.8

6580.6

6699.6

6848.0

6993.9

7195.1

7255.7

1

3370.5

3695.9

4003.3

4284.9

4599.3

4692.9

4734.0

4792.1

4943.2

5072.6

5107.0

2

2478.1
2448.3
11.6
18.1

2747.6
2722.0
9.4
16.2

2979.2
2951.6
10.2
17.5

3259.8
3231.3
9.5
19.0

3528.1
3494.2
10.0
23.9

3587.3
3550.6
11.7
24.9

3614.4
3578.2
11.1
25.1

3651.5
3609.3
17.2
25.1

3815.7
3771.9
18.6
25.2

3899.8
3854.0
20.5
25.2

3929.6
3880.9
23.0
25.7

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

531.0
361.3

551.9
396.4

599.1
424.9

584.7
440.4

618.7
452.5

637.6
468.1

651.8
467.9

665.8
474.9

647.6
479.9

671.5
501.3

671.0
506.3

7
8

9

Large time deposits (1)

1121.0

1171.0

1226.8

1505.1

1789.5

1887.7

1965.6

2055.9

2050.8

2122.5

2148.8

9

10
11
12
13

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

918.1
528.4
371.5
18.1

915.3
552.7
346.4
16.2

928.1
555.7
354.9
17.5

1120.6
671.3
430.3
19.0

1363.7
838.1
501.7
23.9

1448.4
871.1
552.4
24.9

1523.3
931.9
566.3
25.1

1595.4
954.5
615.9
25.1

1627.7
968.0
634.5
25.2

1645.1
892.8
727.0
25.2

1670.3
883.9
760.8
25.7

10
11
12
13

14
15

Savings institutions
Credit unions

168.8
34.1

212.9
42.8

245.1
53.6

324.5
60.0

363.3
62.5

375.6
63.7

380.1
62.2

396.5
63.9

358.0
65.0

409.4
68.1

408.7
69.7

14
15

16

Total assets

4491.5

4866.9

5230.1

5789.9

6388.8

6580.6

6699.6

6848.0

6993.9

7195.1

7255.7

16

3332.1

3656.2

3974.4

4405.6

4820.4

4965.4

5013.9

5150.5

5199.6

5368.9

5399.5

17

Nonfinancial business
Corporate
Nonfarm noncorporate

535.8
281.1
254.7

560.5
291.3
269.2

676.6
362.8
313.8

718.4
400.5
318.0

819.3
450.2
369.1

826.6
445.5
381.1

815.7
425.8
389.9

832.5
431.4
401.0

856.9
444.6
412.3

844.5
422.8
421.7

838.9
405.5
433.4

18
19
20

21
22
23

State and local governments
Federal government
Rest of the world

129.8
10.5
120.6

138.7
27.6
152.3

158.4
2.4
143.2

170.2
2.4
215.6

183.1
1.4
258.2

186.0
1.5
297.0

188.4
1.6
346.3

196.4
4.8
329.6

208.8
1.7
398.2

213.7
1.6
434.7

210.2
1.4
464.4

21
22
23

24

Financial sectors

362.6

331.7

275.1

277.7

306.5

304.1

333.8

334.2

328.9

331.7

341.3

24

2.2
23.0

2.6
24.6

2.6
27.1

3.2
26.4

2.7
21.9

3.4
20.3

5.0
19.4

6.6
18.0

6.6
17.0

5.0
17.5

4.6
18.7

25
26

61.3
1.8
244.0
30.3

57.4
1.7
220.2
25.3

60.4
1.4
166.8
16.7

55.8
1.8
167.2
23.3

62.0
1.6
183.0
35.3

61.3
2.2
182.5
34.5

61.8
1.4
204.8
41.4

62.5
1.9
209.5
35.7

63.1
1.6
206.7
33.9

63.9
1.5
205.2
38.6

64.6
2.5
214.0
36.8

27
28
29
30

17

Household sector

18
19
20

25
26

Savings institutions
Credit unions

27
28
29
30

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
2
3
4
5
6
7
8
9
10

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

2240.6

2223.9

2016.4

1879.8

2006.9

2014.1

2067.4

2166.5

2312.5

2390.0

2489.7

1

1113.2
301.9
59.0
57.1
15.1

1070.0
335.7
61.3
58.7
16.3

959.8
299.0
53.1
62.7
18.8

903.5
324.3
61.5
66.1
22.9

957.2
366.5
71.4
68.7
23.0

962.7
364.1
73.8
69.3
22.7

1000.6
375.8
75.5
70.0
22.4

1024.7
397.3
77.6
71.5
23.5

1133.1
431.2
79.8
72.1
24.7

1111.4
439.1
81.6
72.1
25.8

1194.9
466.4
83.9
73.6
27.0

2
3
4
5
6

173.3
75.1
15.4
430.4

159.8
84.5
15.5
422.2

151.4
84.3
12.6
374.6

120.7
84.9
9.6
286.4

113.6
86.7
9.8
309.9

121.9
87.6
10.0
302.1

134.4
88.3
9.5
290.9

150.3
89.2
10.0
322.3

162.3
90.1
10.6
308.6

178.9
90.9
10.4
379.8

193.4
91.8
10.8
348.1

7
8
9
10

86

Z.1, September 17, 2007

L.207 Federal Funds and Security Repurchase Agreements
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

1

2007
Q3

Q4

Q1

Q2

1233.7

1340.3

1559.1

1647.2

1998.0

2122.3

2213.3

2368.2

2494.0

2675.9

2731.0

1

2
3
4
5

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

786.5
663.9
123.9
-1.2

902.0
737.4
163.4
1.2

948.5
788.8
157.7
2.1

970.5
812.1
157.5
0.8

1085.1
893.6
190.9
0.6

1126.0
946.1
179.9
0.0

1188.3
995.4
193.0
-0.1

1211.7
994.7
217.3
-0.4

1235.6
994.9
239.9
0.8

1281.2
1034.6
246.0
0.6

1327.0
1085.8
240.5
0.7

2
3
4
5

6
7
8

Savings institutions
REITs
Brokers and dealers (net)

72.4
21.6
353.2

57.4
36.7
344.2

77.5
42.6
490.4

82.2
67.7
526.9

78.7
100.6
733.6

77.1
102.8
816.5

83.2
106.8
835.0

81.8
111.7
963.0

63.1
123.4
1071.8

55.3
117.3
1222.1

63.8
120.3
1220.0

6
7
8

843.1

913.8

1165.0

1394.4

1608.6

1868.9

1838.5

1923.4

1968.7

2191.7

2228.4

9

9

Total liabilities

Q2

Total assets

10
11
12

Nonfinancial corporate business
State and local governments
Rest of the world

4.0
131.9
151.1

6.2
115.6
190.1

6.0
123.5
460.2

6.4
130.2
665.1

14.6
135.3
713.3

10.1
136.4
977.7

12.2
137.9
940.4

12.6
140.7
995.3

15.5
142.2
986.5

11.3
142.1
1180.4

13.2
147.6
1205.2

10
11
12

13
14
15
16

Financial sectors
Monetary authority
Savings institutions
Credit unions

556.2
50.3
20.3
2.5

601.9
39.5
20.0
1.7

575.3
43.8
12.3
1.6

592.7
33.0
9.1
4.1

745.4
46.8
9.0
6.7

744.7
26.8
13.9
9.2

748.0
31.3
15.8
6.8

774.8
21.5
20.5
6.1

824.5
40.8
18.3
5.1

857.8
33.3
31.9
10.2

862.4
25.3
28.4
6.9

13
14
15
16

17
18
19
20
21
22

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

30.2
17.7
34.0
226.2
70.7
104.4

44.4
19.0
27.1
273.4
81.6
95.3

52.8
20.5
22.0
252.6
94.5
75.3

63.1
26.5
16.7
234.0
112.6
93.6

68.9
28.2
16.7
346.0
115.4
107.7

64.2
28.8
17.2
341.4
127.1
116.3

57.4
25.3
17.1
351.8
133.7
109.0

60.2
25.6
17.1
368.2
139.0
116.5

66.0
31.5
17.8
394.9
132.8
117.4

68.6
31.8
17.7
388.2
125.8
150.3

62.4
31.5
19.2
413.0
125.0
150.8

17
18
19
20
21
22

390.6

426.6

394.1

252.8

389.4

253.5

374.9

444.8

525.3

484.3

502.6

23

23

Discrepancy--unallocated assets

L.208 Open Market Paper
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1
2
3
4
5
6

Total outstanding, all types
Commercial paper
Nonfinancial corporate business
Foreign issues in U.S.
Nonfinancial
Financial

1474.0

1374.9

1292.9

1399.1

1644.2

1698.4

1764.9

1865.3

1958.0

2003.7

2109.8

1

1469.2

1370.3

1288.6

1395.0

1640.1

1697.6

1764.2

1864.6

1957.5

2003.4

2109.4

2

177.9
196.0
19.4
176.6

119.9
254.2
19.2
235.1

84.8
267.1
15.5
251.6

101.6
329.9
13.3
316.6

93.8
368.4
29.0
339.4

100.4
389.0
25.5
363.5

115.4
370.1
23.8
346.3

114.2
458.6
23.9
434.7

117.1
461.4
27.0
434.4

130.2
459.2
25.8
433.5

159.5
456.8
26.3
430.5

3
4
5
6

7
8
9
10
11
12

Financial business
Commercial banking
ABS issuers
Finance companies
REITs
Funding corporations

1095.4
50.6
602.6
162.4
0.0
279.8

996.1
48.3
562.5
147.8
0.0
237.5

936.6
42.3
519.5
145.1
0.0
229.7

963.5
53.1
511.5
175.3
0.0
223.6

1178.0
57.1
658.3
160.0
0.0
302.5

1208.2
58.7
674.3
151.0
0.0
324.3

1278.7
70.7
723.5
152.7
0.0
331.9

1291.8
72.0
743.1
164.0
0.0
312.7

1379.0
78.8
818.6
165.3
0.0
316.3

1414.0
82.6
811.8
159.1
0.0
360.4

1493.1
87.1
884.9
154.0
0.0
367.1

7
8
9
10
11
12

13

Bankers acceptances (1)

4.8

4.6

4.4

4.1

4.1

0.8

0.7

0.7

0.5

0.3

0.4

13

1474.0

1374.9

1292.9

1399.1

1644.2

1698.4

1764.9

1865.3

1958.0

2003.7

2109.8

14

97.3
60.2
136.9
108.4

110.4
64.8
151.3
126.6

105.9
75.7
161.6
135.8

136.1
95.0
170.4
179.6

164.2
111.3
177.1
187.2

169.3
105.5
178.6
176.2

175.8
118.9
180.6
218.6

181.3
118.0
184.3
217.6

187.7
126.5
186.2
219.9

191.2
115.5
181.1
230.4

197.9
118.7
187.4
240.4

15
16
17
18

0.0
0.0
0.0
2.4

0.0
0.0
0.0
3.6

0.0
0.0
0.0
1.6

0.0
0.0
0.0
1.9

0.0
0.0
0.0
1.3

0.0
0.0
0.0
2.3

0.0
0.0
0.0
1.8

0.0
0.0
0.0
2.3

0.0
0.0
0.0
2.3

0.0
0.0
0.0
3.7

0.0
0.0
0.0
3.9

19
20
21
22

59.3
27.0
51.3

74.0
29.2
48.0

55.9
26.0
39.1

48.2
26.4
29.6

40.2
28.5
29.8

43.3
29.0
30.9

45.0
30.2
30.1

49.7
30.8
30.4

53.1
31.6
31.4

51.8
32.3
31.9

52.9
33.0
33.1

23
24
25

623.7
70.7
33.8
48.2
154.7

585.2
63.1
10.4
43.5
64.9

459.9
76.2
6.7
49.4
99.2

405.8
94.2
5.8
48.0
158.1

492.2
97.1
13.8
60.2
241.2

489.8
108.7
17.9
66.7
280.1

507.9
115.3
23.0
67.6
250.3

555.9
120.6
25.7
74.0
274.9

608.4
114.5
32.4
64.3
299.8

644.2
107.7
20.3
77.1
316.5

663.5
107.0
33.8
74.1
364.0

26
27
28
29
30

14

Holdings, by sector

15
16
17
18

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

19
20
21
22

Monetary authority
Commercial banking (1)
Savings institutions
Credit unions

23
24
25

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

26
27
28
29
30

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

(1) Excludes banks’ holdings of own acceptances.

87

Z.1, September 17, 2007

L.209 Treasury Securities
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

3352.7

3609.8

4008.2

4370.7

4678.0

4834.4

4759.6

4803.2

4861.7

5014.3

4904.0

1

190.3
3162.4

194.9
3414.9

203.8
3804.4

204.4
4166.3

205.1
4472.9

205.9
4628.5

205.2
4554.4

203.6
4599.6

202.4
4659.4

200.3
4814.0

198.6
4705.4

2
3

3352.7

3609.8

4008.2

4370.7

4678.0

4834.4

4759.6

4803.2

4861.7

5014.3

4904.0

4

Household sector
Savings bonds
Other Treasury issues

445.0
190.3
254.6

288.0
194.9
93.1

441.9
203.8
238.1

557.6
204.4
353.2

558.7
205.1
353.6

678.3
205.9
472.3

632.6
205.2
427.4

600.5
203.6
396.9

501.0
202.4
298.6

492.7
200.3
292.4

447.0
198.6
248.4

5
6
7

8
9
10

Nonfinancial corporate business
Nonfarm noncorporate business
State and local governments

16.9
42.8
328.4

31.4
42.8
354.7

32.8
44.9
364.2

33.1
50.2
387.4

50.7
58.3
456.2

47.5
60.2
456.5

42.6
61.5
466.2

41.5
63.3
463.0

43.5
65.1
484.2

51.8
66.6
499.4

46.1
68.4
510.9

8
9
10

11
12

Rest of the world
Monetary authority

1095.2
551.7

1285.5
629.4

1513.5
666.7

1813.6
717.8

1984.4
744.2

2019.2
758.5

2026.5
766.4

2066.2
768.9

2115.0
778.9

2192.6
780.9

2184.8
790.5

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

162.7
56.5
103.8
1.2
1.2

205.8
86.4
116.7
1.3
1.5

132.3
93.5
33.7
2.7
2.5

107.8
74.2
27.8
2.0
3.8

97.1
64.2
27.9
1.1
3.9

97.0
66.1
24.2
2.7
4.0

101.7
68.1
27.3
2.6
3.7

98.1
62.3
30.2
2.3
3.3

95.2
61.9
27.1
2.5
3.7

105.6
70.2
31.5
0.7
3.1

96.0
68.5
23.5
0.8
3.1

13
14
15
16
17

18
19

Savings institutions
Credit unions

11.4
7.4

9.2
7.8

12.2
9.1

8.4
9.0

12.3
7.8

10.3
8.1

7.9
7.8

7.9
7.9

12.4
7.5

7.6
7.3

7.4
7.5

18
19

20
21
22
23
24

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

52.0
53.7
104.0
155.1
40.6

61.2
78.5
100.6
158.9
50.2

64.7
71.8
113.9
147.9
55.3

71.3
78.5
109.8
130.4
60.7

69.2
91.2
112.8
129.4
68.4

71.1
90.2
113.2
128.9
69.9

72.8
88.5
114.0
132.1
74.4

74.1
86.5
115.1
132.1
76.2

75.8
83.2
116.4
134.7
76.7

76.6
83.7
118.2
134.8
80.4

78.1
83.9
121.0
135.9
81.3

20
21
22
23
24

25
26
27
28
29
30
31

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

137.5
117.6
6.7
0.0
13.6
0.5
9.8

142.2
134.8
3.9
2.0
25.7
0.9
-3.9

132.1
144.2
4.6
2.1
13.5
2.8
37.8

98.2
149.0
6.8
4.9
12.9
8.0
-44.6

88.6
155.7
7.1
9.7
13.1
27.7
-64.6

84.8
157.3
6.7
10.0
13.4
33.3
-79.8

79.6
157.5
7.1
11.8
13.8
43.3
-148.6

71.1
157.1
7.1
12.1
14.0
51.0
-110.4

82.7
160.7
7.4
13.1
14.2
61.1
-67.0

90.9
166.2
7.2
13.9
14.5
65.5
-41.7

89.1
170.5
6.6
16.1
14.8
72.6
-124.6

25
26
27
28
29
30
31

3379.5

3637.0

4033.1

4395.0

4701.9

4858.0

4783.2

4826.6

4885.3

5037.4

4927.2

32

2
3
4
5
6
7

Total liabilities

2002

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 17, 2007

L.210 Agency- and GSE-backed Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1
2
3
4
5

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

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

4989.1

5536.3

5952.9

6090.0

6179.7

6256.8

6370.2

6432.9

6519.7

6649.3

6796.3

1

26.8
2130.6
2831.8

27.3
2350.4
3158.6

24.9
2601.3
3326.7

24.3
2676.3
3389.5

23.8
2592.2
3563.7

23.6
2592.1
3641.1

23.6
2643.3
3703.3

23.4
2624.8
3784.7

23.5
2637.4
3858.8

23.2
2644.6
3981.5

23.2
2669.3
4103.9

2
3
4

4989.1

5536.3

5952.9

6090.0

6179.7

6256.8

6370.2

6432.9

6519.7

6649.3

6796.3

5

Household sector
Nonfinancial corporate business
State and local governments

410.9
17.5
287.0

265.1
16.9
328.8

402.3
12.1
351.2

460.7
12.2
370.3

488.5
18.8
384.9

404.1
17.6
385.1

357.8
15.8
389.4

385.1
15.4
394.9

432.3
16.1
399.1

482.6
19.1
396.4

531.6
17.1
401.0

6
7
8

9
10
11

Federal government
Rest of the world
Monetary authority

0.0
534.7
0.0

0.0
648.0
0.0

0.0
653.1
0.0

0.0
778.3
0.0

0.0
954.6
0.0

0.0
1017.4
0.0

0.0
1080.7
0.0

0.0
1141.4
0.0

0.0
1190.9
0.0

0.0
1227.8
0.0

0.0
1313.8
0.0

9
10
11

12
13
14
15
16

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

777.4
700.2
50.7
6.2
20.3

917.9
821.3
61.6
10.7
24.2

1000.0
906.4
53.0
11.6
28.9

1095.0
996.1
51.8
13.5
33.6

1089.6
992.7
50.9
11.2
34.8

1128.2
1037.4
44.1
11.9
34.7

1168.7
1070.8
51.4
13.1
33.4

1106.9
1010.6
51.6
12.6
32.2

1135.3
1040.3
54.8
11.2
29.0

1125.9
1030.1
54.2
12.5
29.0

1124.3
1027.6
56.3
11.6
28.9

12
13
14
15
16

17
18

Savings institutions
Credit unions

161.4
80.6

176.2
98.8

198.8
117.4

136.4
116.9

192.3
109.3

190.0
115.7

184.1
113.2

214.2
103.3

169.3
101.8

171.1
106.4

169.5
105.6

17
18

19
20
21
22
23

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

94.2
253.5
202.5
180.7
2.6

113.2
330.9
183.2
192.6
4.6

115.4
348.9
221.4
248.3
5.1

112.1
357.1
232.8
292.5
4.6

117.9
368.5
231.4
290.9
4.6

119.5
376.7
234.2
290.0
4.6

120.6
380.0
239.6
296.0
4.5

121.0
382.0
245.0
295.7
4.6

122.0
377.4
250.1
301.3
4.7

123.2
379.9
257.5
302.9
4.8

125.7
381.2
263.6
301.7
4.7

19
20
21
22
23

24
25
26

Money market mutual funds
Mutual funds
Government-sponsored enterprises

324.4
368.3
996.8

333.1
422.4
1111.7

328.6
447.5
1034.3

267.5
462.7
886.5

160.1
483.4
751.1

153.3
488.5
745.9

150.4
489.2
742.8

138.9
488.0
724.0

131.4
499.1
712.2

121.8
516.4
696.2

126.0
530.0
691.3

24
25
26

27
28
29

ABS issuers
REITs
Brokers and dealers

196.5
22.0
77.8

271.9
29.4
91.8

356.1
28.7
83.7

352.6
44.5
107.3

388.9
44.0
101.0

412.5
44.2
129.4

430.7
51.6
155.1

452.2
59.3
160.9

466.3
72.6
138.0

488.7
80.8
147.8

506.4
80.3
122.6

27
28
29

6
7
8

Total assets

2002

(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 17, 2007

L.211 Municipal Securities and Loans
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

1

Total liabilities

2
3
4

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

5
6

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

7

Total assets

Q2

2007
Q3

Q4

Q1

Q2

1603.5

1762.9

1900.5

2031.0

2225.8

2254.2

2305.6

2332.6

2404.2

2466.3

2542.8

1

1294.5
70.5
1224.0

1437.9
95.7
1342.2

1557.9
106.1
1451.8

1673.0
100.2
1572.8

1843.9
105.9
1738.0

1869.9
106.9
1763.0

1911.3
98.9
1812.4

1934.6
98.4
1836.2

1995.7
102.7
1892.9

2052.0
105.5
1946.5

2118.9
102.4
2016.4

2
3
4

151.3
157.7

164.2
160.8

178.3
164.2

188.6
169.4

205.1
176.7

207.3
176.9

215.5
178.8

218.5
179.6

226.9
181.6

232.0
182.3

238.9
185.0

5
6

1603.5

1762.9

1900.5

2031.0

2225.8

2254.2

2305.6

2332.6

2404.2

2466.3

2542.8

7

8
9
10
11
12

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

581.1
29.3
3.5
4.0
8.0

678.7
32.1
3.4
4.1
11.5

707.5
35.4
2.7
4.4
19.5

742.9
31.8
4.3
4.6
26.0

816.1
34.7
5.0
4.8
31.0

813.5
40.6
5.2
4.8
32.5

852.0
39.8
5.3
4.9
34.0

850.4
40.6
5.5
5.0
35.5

856.2
44.9
5.6
5.1
37.0

881.1
41.1
5.8
5.1
38.5

917.9
42.2
5.9
5.2
40.0

8
9
10
11
12

13
14
15
16
17

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

120.2
4.5
173.8
18.7
1.7

121.7
5.5
183.0
19.9
0.9

132.7
6.3
224.2
26.1
1.0

140.8
7.1
267.8
30.1
1.7

157.7
8.6
313.2
32.5
1.7

160.3
9.4
320.0
34.0
2.0

161.7
9.7
325.6
35.2
2.0

168.8
10.5
329.5
36.3
2.1

180.2
10.7
335.2
36.6
1.3

188.2
11.1
338.6
36.9
1.5

190.4
11.8
345.3
37.0
1.2

13
14
15
16
17

18
19
20
21
22

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

276.7
253.0
74.7
35.4
19.0

278.5
277.3
86.0
39.4
21.0

292.1
290.2
89.3
44.4
24.9

313.8
294.3
89.1
44.6
32.0

336.8
311.7
89.4
39.7
42.9

347.2
321.5
89.4
38.2
35.6

343.1
328.1
89.8
36.5
37.9

353.2
333.1
89.2
34.6
38.4

370.3
344.4
89.6
36.1
50.9

388.3
358.9
89.2
33.8
48.4

398.9
369.2
91.3
32.7
53.9

18
19
20
21
22

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

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

5529.3

6193.0

6976.5

7845.0

8597.9

8871.1

9164.6

9418.2

9746.3

10032.6

10276.2

1

2
3

Nonfinancial corporate business
Rest of the world (1)

2578.0
557.1

2710.3
705.2

2868.6
874.4

2946.3
993.0

3006.2
1028.2

3058.9
1043.4

3110.0
1079.5

3144.6
1124.6

3224.8
1180.8

3296.0
1224.5

3393.0
1272.3

2
3

4
5
6

Financial sectors
Commercial banking
Savings institutions

2394.2
310.2
3.6

2777.6
332.2
3.4

3233.6
378.4
5.1

3905.8
437.4
7.6

4563.5
494.1
8.7

4768.8
505.9
8.5

4975.1
528.6
9.6

5149.0
539.8
10.5

5340.8
570.1
10.7

5512.1
591.4
11.0

5610.9
625.2
11.0

4
5
6

7
8
9
10
11

ABS issuers
Finance companies
REITs
Brokers and dealers
Funding corporations

1135.7
571.3
71.4
42.3
259.7

1388.3
635.3
87.6
40.6
290.1

1643.7
743.2
110.6
47.0
305.5

2067.0
817.4
196.4
62.2
317.7

2609.6
806.5
236.9
62.4
345.3

2778.7
810.9
246.2
71.1
347.4

2917.5
832.6
259.7
72.8
354.3

3078.3
824.0
266.0
74.0
356.5

3200.4
849.6
274.1
68.8
367.0

3348.4
836.3
277.5
83.7
363.8

3413.3
827.2
276.8
93.6
363.9

7
8
9
10
11

12

Total liabilities

5529.3

6193.0

6976.5

7845.0

8597.9

8871.1

9164.6

9418.2

9746.3

10032.6

10276.2

12

13
14
15

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

487.2
95.1
1351.1

771.7
104.2
1539.4

774.9
111.3
1722.4

801.3
117.3
2061.5

866.0
122.0
2286.6

908.9
122.0
2388.3

985.1
123.3
2498.7

1020.1
125.9
2602.6

1073.1
127.3
2764.6

1065.3
127.2
2878.8

1013.2
127.3
2989.6

13
14
15

16
17
18
19
20
21
22

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

363.1
83.9
196.4
1342.4
242.5
279.7
1.6

359.9
79.9
198.9
1449.3
253.9
217.3
2.8

481.2
71.9
218.9
1620.2
274.8
193.2
3.2

563.6
59.2
245.3
1768.0
267.1
203.4
3.0

687.0
80.2
262.8
1840.7
276.1
203.0
3.0

707.8
86.3
267.5
1866.0
274.3
200.9
2.9

734.5
89.0
271.1
1874.5
279.1
207.3
2.9

749.7
88.9
273.3
1877.2
281.7
208.7
2.9

780.3
89.2
277.0
1841.9
285.0
219.5
2.9

804.0
107.0
279.8
1855.6
290.5
220.4
2.9

848.4
122.3
285.4
1862.6
296.7
221.5
2.9

16
17
18
19
20
21
22

23
24
25
26
27
28
29
30

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

222.5
420.0
27.1
0.0
176.7
7.9
161.3
70.8

228.1
470.9
27.1
1.8
227.1
12.6
192.0
56.4

258.7
548.3
58.8
2.4
277.4
19.2
228.3
111.3

261.0
622.8
67.6
3.3
414.8
36.8
252.2
96.8

263.2
699.2
68.7
5.3
465.7
63.6
337.7
67.5

278.5
729.4
71.7
5.7
473.4
67.1
345.4
75.0

294.9
749.3
74.9
6.2
479.6
71.1
358.0
65.1

333.9
775.2
74.3
6.6
477.4
73.8
374.5
71.4

368.3
813.3
75.1
7.6
482.7
80.9
397.2
60.4

389.1
856.3
75.6
8.5
489.2
67.7
445.1
69.6

422.2
908.2
79.8
10.3
491.6
69.0
466.0
59.3

23
24
25
26
27
28
29
30

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

90

Z.1, September 17, 2007

L.213 Corporate Equities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

1

Issues at market value

2

Nonfinancial corporate business

3
4

Rest of the world (2)
Financial corporations

5

2007
Q3

Q4

Q1

Q2

15310.6

11900.5

15618.5

17389.3

18509.0

19447.0

18994.7

19685.1

20905.9

21130.4

22218.7

1

10804.8

7839.3

10043.6

10807.0

10876.3

11248.0

10774.1

11015.6

11518.2

11631.5

12299.7

2

1612.7
2893.2

1374.7
2686.5

2079.4
3495.5

2560.4
4021.9

3317.7
4315.0

3700.9
4498.1

3725.0
4495.6

3900.2
4769.4

4251.5
5136.2

4442.6
5056.4

4747.5
5171.5

3
4

15310.6

11900.5

15618.5

17389.3

18509.0

19447.0

18994.7

19685.1

20905.9

21130.4

22218.7

5

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

6511.5
88.0
1441.0

4623.4
79.3
1221.6

5767.0
84.7
1674.6

5933.9
89.3
1904.6

5983.3
92.8
2039.1

6162.5
93.6
2170.3

5952.7
94.6
2138.7

6084.2
96.5
2329.7

6280.4
97.5
2456.5

6105.5
97.4
2525.4

6141.5
99.4
2797.6

6
7
8

9
10
11
12
13
14
15

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

8.9
27.9
171.0
811.3
1908.6
1260.4
49.1

3.5
29.1
149.4
708.9
1588.6
1056.8
45.9

15.0
30.4
178.4
919.3
2096.6
1421.5
79.9

20.3
28.2
196.6
1053.9
2333.5
1607.0
99.3

24.1
26.2
199.5
1161.8
2417.0
1729.0
115.6

28.2
26.2
205.3
1216.0
2496.4
1819.0
122.3

27.0
25.7
202.7
1196.7
2425.7
1776.2
119.5

29.4
25.0
211.7
1243.3
2474.9
1836.9
126.6

35.3
24.9
227.0
1364.8
2635.3
1945.1
139.1

35.4
25.2
229.2
1402.6
2658.8
1967.8
141.4

40.9
25.0
243.1
1494.9
2778.8
2047.7
152.5

9
10
11
12
13
14
15

16
17
18
19

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

2834.0
31.1
83.0
85.1

2187.4
33.7
98.2
74.9

3051.3
53.0
146.3
100.5

3693.6
82.3
217.7
129.1

4175.7
105.6
281.0
158.3

4517.0
109.4
313.7
167.2

4432.5
107.6
328.1
166.9

4599.4
111.8
343.0
172.7

4989.6
122.0
402.0
186.4

5181.1
136.7
421.9
202.1

5574.8
146.7
460.0
215.8

16
17
18
19

13319.0

10166.2

13045.8

14182.9

14422.7

14922.3

14437.4

14916.3

15681.7

15662.6

16364.8

20

6
7
8

Holdings at market value

Q2

Memo:
20

Market value of domestic corporations (4)

(1) Excludes mutual fund shares shown on table L.214.
(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).
(3) Holdings of U.S. issues by foreign residents.
(4) Sum of lines 2 and 4 less the sum of lines 9, 11, 17, 18, and 19; 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

4135.4

3638.4

4654.2

5436.3

6048.9

6463.8

6419.3

6627.9

7068.3

7328.7

7801.1

1

2

Holdings at market value

4135.4

3638.4

4654.2

5436.3

6048.9

6463.8

6419.3

6627.9

7068.3

7328.7

7801.1

2

2614.6
112.5
28.1
116.6

2218.4
95.8
24.3
98.0

2904.2
125.9
25.9
146.1

3423.0
140.5
27.3
195.8

3873.9
156.3
28.4
242.0

4199.8
171.7
28.6
263.9

4184.3
177.0
28.9
268.4

4300.5
189.5
29.5
277.1

4584.7
206.8
29.8
295.5

4796.4
218.2
29.8
306.4

5125.3
237.0
30.4
326.2

3
4
5
6

21.3
3.7

19.6
3.5

17.1
4.1

18.1
3.1

17.4
2.2

17.0
2.3

18.5
2.0

21.4
2.0

24.5
2.1

22.0
2.2

24.9
1.9

7
8

3.0
88.3
962.9
184.3

3.0
76.6
931.9
167.4

4.3
91.7
1126.9
208.0

5.2
114.4
1278.2
230.5

5.7
109.0
1375.8
238.3

6.1
120.7
1407.1
246.7

6.1
125.0
1368.1
240.9

6.4
134.8
1417.4
249.1

6.9
148.8
1505.4
263.8

7.1
152.8
1527.5
266.4

7.5
160.9
1609.6
277.5

9
10
11
12

3
4
5
6

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

7
8

Commercial banking
Credit unions

9
10
11
12

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

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

91

Z.1, September 17, 2007

L.215 Bank Loans Not Elsewhere Classified
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1

Total loans by commercial
banking, flow of funds basis

3957.8

4183.0

4444.6

4886.9

5456.0

5596.4

5740.7

5854.9

6129.8

6121.3

6258.0

1

2
3
4
5

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

0.0
1789.8
568.4
175.2

0.0
2058.3
602.6
177.9

0.0
2255.8
669.4
200.9

0.0
2595.6
704.3
195.8

0.0
2958.0
707.0
230.7

0.0
3033.2
697.5
257.4

0.0
3140.4
694.7
258.5

0.0
3181.3
710.5
282.2

0.0
3403.1
741.2
302.2

0.0
3378.2
723.3
321.9

0.0
3462.1
737.8
299.6

2
3
4
5

6

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

1424.3

1344.2

1318.4

1391.2

1560.3

1608.3

1647.0

1681.0

1683.4

1697.9

1758.4

6

1143.8
256.1
1.9
22.5

1085.7
237.5
2.9
18.2

1066.3
225.7
7.9
18.5

1131.6
234.0
5.3
20.3

1231.6
294.7
8.1
25.9

1261.7
312.6
7.6
26.4

1294.4
325.5
4.1
23.0

1306.0
346.3
4.2
24.5

1290.8
361.8
5.1
25.6

1292.7
377.1
3.5
24.7

1333.7
396.6
3.7
24.4

7
8
9
10

7
8
9
10

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

11

+ Loans from Federal Reserve banks

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

11

12

= Total bank loans n.e.c.

1424.3

1344.2

1318.4

1391.2

1560.3

1608.3

1647.0

1681.0

1683.4

1697.9

1758.4

12

13

Total liabilities

1424.3

1344.2

1318.4

1391.2

1560.3

1608.3

1647.0

1681.0

1683.4

1697.9

1758.4

13

1302.8

1201.6

1154.4

1169.1

1321.2

1368.8

1409.9

1451.9

1508.4

1514.7

1562.1

14

43.6
743.7
405.3
46.9

21.1
635.5
430.4
46.0

52.8
548.3
441.7
45.5

35.5
550.1
466.0
47.7

48.3
616.4
522.2
49.9

60.0
636.4
539.1
47.7

73.2
645.4
546.7
51.2

82.3
663.9
562.4
53.0

96.3
682.5
578.2
53.2

99.1
698.8
591.9
51.7

100.9
715.6
606.2
54.5

15
16
17
18

63.2
4.3
5.9
53.1

68.6
5.1
5.1
58.4

66.1
4.5
8.9
52.7

69.9
5.5
13.4
51.0

84.4
2.6
18.1
63.7

85.7
2.2
17.0
66.6

93.4
2.6
19.2
71.6

90.4
2.3
16.3
71.7

98.3
1.9
21.9
74.4

73.1
1.8
18.3
53.0

84.9
1.9
25.9
57.1

19
20
21
22

121.6

142.6

164.0

222.1

239.1

239.5

237.2

229.0

175.0

183.3

196.4

23

23.0
84.3
14.3

27.2
101.1
14.4

42.4
106.9
14.7

68.9
136.9
16.2

75.5
142.1
21.5

79.2
137.4
22.8

78.5
136.9
21.7

75.9
131.5
21.6

27.3
129.2
18.4

25.8
138.1
19.4

23.8
153.5
19.1

24
25
26

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

Financial sectors
Savings institutions
Finance companies
REITs

92

Z.1, September 17, 2007

L.216 Other Loans and Advances
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1

Total other loans and advances

1444.5

1464.7

1499.3

1590.2

1677.6

1677.0

1734.6

1712.1

1735.4

1727.0

1771.4

1

2
3
4
5
6
7
8
9

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

122.0
15.0
7.4
39.6
5.0
8.9
46.1
0.0

118.3
14.2
7.0
38.9
4.7
9.4
44.1
0.0

116.9
13.5
7.8
39.6
4.5
9.7
42.0
0.0

114.3
12.6
8.3
41.1
4.2
9.9
38.3
0.0

105.6
11.8
9.0
36.7
3.9
10.3
33.7
0.0

104.5
11.7
9.5
37.6
3.9
10.5
31.4
0.0

103.7
11.7
9.4
38.6
3.8
10.7
29.4
0.0

103.0
11.9
9.2
39.7
3.8
10.8
27.5
0.0

104.1
12.2
9.8
40.9
3.8
11.0
26.4
0.0

105.1
12.5
10.1
42.1
3.8
11.2
25.6
0.0

105.9
12.6
10.3
43.0
3.8
11.3
24.9
0.0

2
3
4
5
6
7
8
9

10
11

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

115.7
115.7

125.8
125.8

125.0
125.0

131.2
131.2

159.6
159.6

159.0
159.0

169.0
169.0

150.5
150.5

159.4
159.4

163.6
163.6

177.9
177.9

10
11

12
13
14

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

4.6
4.1
0.5

4.6
4.4
0.2

4.4
4.2
0.2

4.0
3.8
0.3

4.0
3.8
0.2

0.7
0.5
0.2

0.7
0.5
0.2

0.7
0.5
0.2

0.4
0.3
0.2

0.3
0.1
0.2

0.4
0.1
0.2

12
13
14

15
16
17

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

42.9
21.5
21.5

46.2
23.1
23.1

56.3
28.2
28.2

57.6
28.8
28.8

61.5
30.7
30.7

62.4
31.2
31.2

65.9
32.9
32.9

67.8
33.9
33.9

67.5
33.7
33.7

68.9
34.4
34.4

74.2
37.1
37.1

15
16
17

18
19
20

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

105.0
0.9
104.1

106.0
0.8
105.1

105.2
0.8
104.5

106.8
0.7
106.1

107.6
0.7
106.9

108.2
0.7
107.6

109.8
0.6
109.1

111.1
0.6
110.5

110.9
0.6
110.2

111.5
0.6
110.9

112.7
0.6
112.1

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)

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

545.8
0.3
19.8
24.0
235.3
249.3
9.1
8.0

619.4
0.0
18.1
25.5
244.1
309.3
11.4
11.1

671.8
0.0
20.0
31.6
268.5
325.5
14.7
11.5

670.1
0.0
20.6
32.7
271.6
318.4
14.6
12.2

697.6
0.0
21.5
34.6
289.6
323.0
16.3
12.5

701.8
0.0
22.3
35.8
287.8
325.9
16.8
13.1

704.9
0.0
24.2
39.3
348.5
259.8
18.9
14.2

690.2
0.0
25.0
40.8
341.2
251.6
16.2
15.4

708.6
0.0
25.3
41.4
349.8
254.7
18.9
18.6

21
22
23
24
25
26
27
28

29
30

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

108.3
108.3

105.0
105.0

103.9
103.9

105.3
105.3

88.5
88.5

89.1
89.1

90.7
90.7

86.8
86.8

90.2
90.2

82.0
82.0

82.5
82.5

29
30

31
32
33

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

440.2
396.2
44.0

444.0
399.6
44.4

441.7
397.6
44.2

451.5
406.4
45.2

479.2
431.3
47.9

482.8
434.5
48.3

497.4
447.6
49.7

490.4
441.4
49.0

498.0
448.2
49.8

505.4
454.9
50.5

509.3
458.3
50.9

31
32
33

93

Z.1, September 17, 2007

L.217 Total Mortgages
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1
2
3
4
5
6

Total mortgages
Home
Multifamily residential
Commercial
Farm

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

7494.4

8399.3

9395.1

10683.1

12048.8

12428.0

12798.6

13130.5

13418.9

13674.5

13981.8

1

5678.0
446.5
1281.4
88.5

6436.6
484.9
1382.4
95.4

7226.8
564.2
1509.9
94.1

8285.0
620.1
1681.2
96.9

9323.2
690.7
1933.4
101.5

9625.5
707.4
1991.7
103.4

9917.2
719.1
2057.1
105.2

10166.6
731.9
2124.9
107.1

10359.0
750.7
2200.2
109.0

10547.0
761.7
2256.0
109.8

10749.7
777.8
2343.8
110.5

2
3
4
5

7494.4

8399.3

9395.1

10683.1

12048.8

12428.0

12798.6

13130.5

13418.9

13674.5

13981.8

6

Household sector

5473.0

6207.4

7041.2

8030.1

9020.6

9305.5

9582.7

9820.7

10007.2

10189.4

10394.1

7

8
9
10
11

Nonfinancial business
Corporate
Nonfarm noncorporate
Farm

1935.9
418.5
1428.8
88.5

2095.4
450.2
1549.8
95.4

2249.2
529.7
1625.3
94.1

2522.4
581.2
1844.3
96.9

2883.8
669.1
2113.1
101.5

2973.3
689.7
2180.2
103.4

3064.8
714.2
2245.4
105.2

3156.9
741.7
2308.0
107.1

3260.2
772.7
2378.4
109.0

3337.4
800.0
2427.7
109.8

3437.9
830.7
2496.7
110.5

8
9
10
11

12
13

Federal government
REITs

0.0
85.6

0.0
96.5

0.0
104.7

0.0
130.6

0.0
144.5

0.0
149.2

0.0
151.0

0.0
153.0

0.0
151.5

0.0
147.7

0.0
149.8

12
13

7494.4

8399.3

9395.1

10683.1

12048.8

12428.0

12798.6

13130.5

13418.9

13674.5

13981.8

14

7

14

Total liabilities

2002

Total assets

15
16
17

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

105.3
46.6
26.8

113.4
49.6
26.2

118.1
51.8
26.3

125.6
66.6
30.8

132.5
71.8
35.8

133.6
73.1
36.9

134.4
74.4
37.8

134.5
75.6
38.9

135.4
76.9
40.0

136.9
78.2
40.9

137.1
79.5
42.1

15
16
17

18
19

State and local governments
Federal government

129.7
75.8

124.4
76.3

132.9
73.8

140.1
75.4

145.6
77.8

146.8
78.2

148.4
80.0

150.0
80.9

151.5
81.5

151.4
82.3

154.5
83.1

18
19

20
21
22

Commercial banking
Savings institutions (1)
Credit unions

1789.8
758.0
141.3

2058.3
781.0
159.4

2255.8
870.6
182.6

2595.6
1057.4
213.2

2958.0
1152.7
245.6

3033.2
1192.4
250.7

3140.4
1221.0
262.5

3181.3
1249.0
270.9

3403.1
1074.0
276.6

3378.2
1117.3
280.0

3462.1
1112.8
290.0

20
21
22

23
24
25
26

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

1.9
243.0
9.8
21.0

2.0
250.0
10.3
21.1

2.1
260.9
10.2
20.4

2.4
273.3
10.0
19.5

2.7
285.5
9.8
19.4

2.7
288.5
9.8
19.3

2.9
295.7
9.7
19.3

2.9
300.4
9.6
19.8

3.5
303.8
9.5
21.3

3.6
306.1
9.3
21.3

4.1
311.8
9.5
21.9

23
24
25
26

27
28
29

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

297.5
2831.8
740.0

357.3
3158.6
851.2

621.5
3326.7
1021.6

629.0
3389.5
1459.7

588.8
3563.7
2058.3

593.6
3641.1
2201.8

598.1
3703.3
2330.1

601.5
3784.7
2469.3

607.3
3858.8
2610.4

611.7
3981.5
2728.9

616.3
4103.9
2830.4

27
28
29

30
31

Finance companies
REITs

258.2
18.0

330.5
29.8

370.2
49.6

476.0
118.8

541.4
159.4

560.6
165.8

572.0
168.8

591.6
169.6

594.4
171.0

579.8
167.0

563.2
159.5

30
31

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

94

Z.1, September 17, 2007

L.218 Home Mortgages (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

1
2
3
4
5

Total liabilities
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

2007
Q3

Q4

Q1

Q2

5678.0

6436.6

7226.8

8285.0

9323.2

9625.5

9917.2

10166.6

10359.0

10547.0

10749.7

1

5324.9
16.2
336.9

6033.3
16.9
386.4

6881.3
18.8
326.7

7852.1
23.5
409.4

8815.8
31.1
476.3

9094.6
33.7
497.2

9364.9
35.9
516.3

9595.7
37.9
533.1

9774.2
39.4
545.5

9950.5
40.4
556.1

10145.9
40.4
563.4

2
3
4

5678.0

6436.6

7226.8

8285.0

9323.2

9625.5

9917.2

10166.6

10359.0

10547.0

10749.7

5

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

94.2
23.0
9.9

100.3
24.9
9.6

106.3
26.1
9.7

112.4
39.9
11.3

118.5
44.1
13.1

120.0
45.1
13.6

121.6
46.2
13.9

123.1
47.2
14.3

124.6
48.3
14.7

126.1
49.3
15.0

127.6
50.3
15.4

6
7
8

9
10

State and local governments
Federal government

66.2
17.1

63.4
16.2

67.8
15.3

71.4
14.8

74.3
14.4

74.9
14.4

75.7
14.6

76.5
14.6

77.3
14.6

77.2
14.5

78.8
14.6

9
10

11
12
13

Commercial banking
Savings institutions
Credit unions

1028.3
620.4
141.3

1227.1
631.1
159.4

1355.8
702.8
182.6

1581.0
874.2
213.2

1793.0
953.8
245.6

1827.4
988.8
250.7

1896.8
1012.0
262.5

1903.1
1033.7
270.9

2081.8
867.8
276.6

2034.5
911.5
280.0

2081.9
905.3
290.0

11
12
13

14
15
16

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

4.9
4.6
6.9

4.7
2.8
6.8

4.4
1.7
6.3

5.0
1.4
6.8

4.6
1.4
7.0

5.0
1.4
6.9

5.5
1.4
6.9

6.0
1.4
7.1

6.7
1.3
7.7

6.8
1.3
7.7

6.9
1.3
7.9

14
15
16

17
18
19

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

231.2
2748.5
463.2

276.8
3063.7
544.1

514.7
3211.2
664.0

508.0
3269.9
1049.8

454.9
3437.5
1536.6

455.5
3511.8
1663.2

456.4
3571.2
1773.6

456.6
3648.7
1888.8

457.2
3720.1
1991.5

460.3
3839.3
2068.1

463.3
3957.1
2120.2

17
18
19

20
21

Finance companies
REITs

209.7
8.7

285.6
20.1

320.2
37.8

422.0
103.7

489.8
134.5

507.9
138.8

517.4
141.5

536.3
138.2

538.1
130.9

527.4
128.0

510.0
119.1

20
21

438.9
258.6
77.9
44.9
12.4
45.0

500.7
303.3
78.5
48.0
15.0
56.0

592.6
366.0
95.6
51.7
15.3
64.0

772.6
483.5
121.2
63.9
20.3
83.7

907.7
549.0
151.6
75.9
33.2
98.0

936.1
555.2
159.7
77.9
41.7
101.6

986.5
582.3
169.9
81.8
49.0
103.5

1022.4
588.6
183.8
85.9
56.8
107.3

1052.4
653.6
137.6
86.9
66.7
107.6

1060.2
637.3
159.6
87.7
70.1
105.5

1086.7
654.8
167.3
90.9
71.6
102.0

22
23
24
25
26
27

6
7
8

22
23
24
25
26
27

Total assets

Q2

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

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

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

Total liabilities

2
3

Nonfinancial corporate business
Nonfarm noncorporate business

4
5

Federal government
REITs

6
7
8
9

Total assets
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

446.5

484.9

564.2

620.1

690.7

707.4

719.1

731.9

750.7

761.7

777.8

1

27.3
400.1

28.8
435.4

30.4
512.5

32.4
561.7

34.4
632.1

35.0
647.9

35.5
659.9

36.1
670.5

36.5
689.2

37.0
698.7

37.4
714.9

2
3

0.0
19.0

0.0
20.7

0.0
21.3

0.0
26.0

0.0
24.1

0.0
24.6

0.0
23.6

0.0
25.3

0.0
24.9

0.0
26.0

0.0
25.5

4
5

446.5

484.9

564.2

620.1

690.7

707.4

719.1

731.9

750.7

761.7

777.8

6

1.4
0.9
9.0

1.4
0.9
8.8

1.5
1.0
8.8

1.5
1.0
10.4

1.5
1.1
12.1

1.6
1.1
12.5

1.6
1.1
12.8

1.6
1.1
13.1

1.6
1.1
13.5

1.6
1.1
13.8

1.6
1.1
14.2

7
8
9

10
11

State and local governments
Federal government

51.9
13.7

49.7
14.3

53.1
14.5

56.0
15.0

58.2
14.9

58.7
14.7

59.4
14.6

60.0
14.7

60.6
14.8

60.5
14.7

61.8
14.7

10
11

12
13

Commercial banking
Savings institutions

84.9
64.6

94.2
68.6

104.5
77.9

118.7
87.5

138.7
98.4

144.3
100.3

145.7
102.4

147.7
103.7

157.6
95.8

159.0
93.6

160.7
92.6

12
13

14
15
16

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

35.6
1.4
6.0

36.8
1.9
6.0

38.6
2.2
5.5

40.5
2.2
5.9

42.4
2.1
5.8

42.8
2.1
5.8

43.8
2.1
5.8

44.4
2.1
6.0

44.8
2.0
6.4

45.1
2.0
6.4

45.5
2.0
6.6

14
15
16

17
18
19

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

33.2
81.6
53.4

41.7
94.5
58.7

68.2
114.5
66.6

82.5
118.6
73.1

93.0
125.3
89.6

96.2
128.0
91.5

98.8
130.3
93.4

101.2
132.9
95.7

105.4
135.5
101.3

106.5
138.8
107.9

107.8
142.1
116.3

17
18
19

20
21

Finance companies
REITs

7.1
1.8

5.7
1.5

5.7
1.6

5.6
1.6

5.6
1.8

5.6
2.3

5.1
2.2

5.0
2.6

5.1
5.2

4.8
5.8

4.8
6.0

20
21

95

Z.1, September 17, 2007

L.220 Commercial Mortgages
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1
2
3
4
5
6

Total liabilities
Household sector
Nonfinancial corporate business
Nonfarm noncorporate business
REITs

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1281.4

1382.4

1509.9

1681.2

1933.4

1991.7

2057.1

2124.9

2200.2

2256.0

2343.8

1

148.1
375.0
691.8
66.5

174.0
404.5
728.1
75.8

159.9
480.5
786.1
83.4

178.0
525.3
873.2
104.6

204.8
603.6
1004.7
120.4

210.9
621.0
1035.1
124.7

217.9
642.7
1069.2
127.4

225.0
667.7
1104.5
127.6

233.0
696.8
1143.7
126.6

238.9
722.6
1172.8
121.7

248.2
752.9
1218.4
124.3

2
3
4
5

1281.4

1382.4

1509.9

1681.2

1933.4

1991.7

2057.1

2124.9

2200.2

2256.0

2343.8

6

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

7.9
22.7
6.9

8.6
23.7
6.7

9.2
24.7
6.7

9.9
25.6
7.9

10.5
26.6
9.1

10.7
26.8
9.4

10.9
27.1
9.7

11.0
27.3
9.9

11.2
27.6
10.2

11.4
27.8
10.4

11.5
28.0
10.7

7
8
9

10
11

State and local governments
Federal government

10.4
41.0

10.0
42.1

10.6
40.5

11.2
42.4

11.6
45.2

11.7
46.0

11.9
47.5

12.0
48.4

12.1
48.9

12.1
49.9

12.4
50.6

10
11

12
13

Commercial banking
Savings institutions

645.6
72.5

704.0
80.7

762.6
89.2

860.7
95.1

989.4
100.0

1023.6
102.6

1059.3
105.9

1090.9
110.7

1123.2
109.6

1143.9
111.4

1178.4
114.2

12
13

14
15
16
17

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

1.9
188.4
3.7
8.1

2.0
195.0
5.7
8.3

2.1
203.9
6.4
8.6

2.4
214.1
6.4
6.8

2.7
224.3
6.3
6.6

2.7
226.4
6.3
6.5

2.9
231.7
6.2
6.6

2.9
235.1
6.2
6.7

3.5
236.7
6.2
7.3

3.6
238.6
6.0
7.2

4.1
243.5
6.1
7.4

14
15
16
17

18
19

Agency- and GSE-backed mortgage pools
ABS issuers

0.0
223.4

0.0
248.4

0.0
291.0

0.0
336.9

0.0
432.1

0.0
447.1

0.0
463.1

0.0
484.7

0.0
517.7

0.0
552.9

0.0
594.0

18
19

20
21

Finance companies
REITs

41.4
7.6

39.2
8.1

44.2
10.1

48.4
13.5

46.0
23.0

47.1
24.7

49.5
25.1

50.3
28.8

51.1
34.9

47.6
33.2

48.4
34.4

20
21

7
8
9

Total assets

2002

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

Total liabilities (Farm business)

88.5

95.4

94.1

96.9

101.5

103.4

105.2

107.1

109.0

109.8

110.5

1

2

Total assets

88.5

95.4

94.1

96.9

101.5

103.4

105.2

107.1

109.0

109.8

110.5

2

3
4

Household sector
Nonfarm noncorporate business

1.8
1.1

3.1
1.0

1.1
1.1

1.8
1.2

1.9
1.4

1.3
1.4

0.4
1.5

-1.2
1.6

-2.0
1.6

-2.2
1.7

-3.7
1.7

3
4

5
6

State and local governments
Federal government

1.3
4.0

1.2
3.7

1.3
3.4

1.4
3.2

1.5
3.2

1.5
3.2

1.5
3.2

1.5
3.2

1.5
3.2

1.5
3.2

1.5
3.2

5
6

7
8

Commercial banking
Savings institutions

31.1
0.5

33.1
0.6

32.9
0.6

35.2
0.6

36.9
0.6

37.8
0.7

38.7
0.7

39.6
0.8

40.5
0.7

40.8
0.8

41.1
0.8

7
8

9
10

Life insurance companies
State and local govt. retirement funds

14.1
0.0

13.5
0.0

14.0
0.0

13.8
0.0

14.2
0.0

14.3
0.0

14.7
0.0

14.9
0.0

15.6
0.0

15.7
0.0

16.0
0.0

9
10

11
12

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

33.1
1.7

38.8
0.4

38.7
1.0

38.6
0.9

40.9
0.8

41.8
1.3

42.8
1.8

43.7
3.1

44.6
3.2

44.9
3.4

45.2
4.7

11
12

(1) Excludes mortgages on farm houses.

96

Z.1, September 17, 2007

L.222 Consumer Credit
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

1

Total liabilities (Households)

1892.0

1999.9

2104.4

2219.4

2313.7

2283.2

2315.4

2368.2

2419.3

2402.1

2432.9

1

2

Total assets

1892.0

1999.9

2104.4

2219.4

2313.7

2283.2

2315.4

2368.2

2419.3

2402.1

2432.9

2

73.1
0.0
72.5

74.7
0.0
80.5

58.5
0.0
82.4

57.9
0.0
86.1

58.1
0.0
89.8

54.4
0.0
93.2

52.1
0.0
92.7

51.3
0.0
93.5

56.2
0.0
91.7

52.3
0.0
95.1

52.8
0.0
94.6

3
4
5

3
4
5

Nonfinancial corporate business
Nonfarm noncorporate business
Federal government

6
7
8

Commercial banking
Savings institutions
Credit unions

568.4
71.1
189.6

602.6
68.7
195.7

669.4
77.9
205.9

704.3
91.3
215.4

707.0
109.1
228.6

697.5
98.0
227.3

694.7
101.9
230.4

710.5
106.2
234.5

741.2
95.5
234.5

723.3
94.6
232.7

737.8
97.2
235.4

6
7
8

Government-sponsored enterprises
ABS issuers
Finance companies

39.4
598.0
280.0

36.9
633.3
307.5

20.6
596.8
393.0

0.0
572.1
492.3

0.0
604.6
516.5

0.0
613.2
499.5

0.0
638.5
505.0

0.0
646.0
526.2

0.0
665.8
534.4

0.0
671.8
532.4

0.0
674.0
541.0

9
10
11

9
10
11

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

Total trade payables

2

Household sector

3
4
5

Nonfinancial corporate business
Nonfarm noncorporate business
Farm business

6
7

State and local governments
Federal government

8
9

Rest of the world
Brokers and dealers

10

Total trade receivables

11
12

Nonfinancial corporate business
Nonfarm noncorporate business

13
14
15

State and local governments
Federal government
Rest of the world

16
17

Property-casualty insurance companies
ABS issuers

18

Discrepancy

2359.0

2445.7

2468.1

2648.1

2946.1

2964.4

3041.6

3056.1

3108.7

3146.8

3203.1

1

132.9

152.0

156.8

158.8

160.8

161.3

161.8

162.3

162.8

163.3

163.8

2

1437.7
255.0
8.0

1457.4
281.0
7.5

1402.7
255.3
7.0

1499.9
277.4
8.7

1687.6
310.4
6.3

1686.3
318.2
9.1

1726.4
323.8
5.4

1730.6
331.1
4.0

1765.1
338.3
2.0

1772.8
344.4
2.9

1793.2
351.9
0.5

3
4
5

361.9
78.0

390.3
78.8

419.5
151.2

449.9
166.3

482.6
197.9

491.2
202.0

500.1
210.0

509.1
212.3

518.1
210.8

527.4
218.1

537.0
223.0

6
7

46.4
39.2

41.4
37.4

47.5
28.2

51.0
36.0

57.3
43.1

60.4
35.9

65.0
48.9

63.4
43.3

63.4
48.3

66.2
51.7

68.2
65.4

8
9

2512.8

2434.8

2419.2

2591.6

2961.5

3061.4

3175.3

3210.0

3171.7

3266.7

3358.8

10

1817.9
343.9

1719.6
362.8

1702.4
337.7

1831.9
364.3

2098.9
422.9

2176.1
436.6

2264.7
446.7

2278.3
459.5

2215.2
472.4

2299.2
483.2

2360.4
496.5

11
12

115.9
35.5
41.6

118.4
32.2
44.2

126.5
51.3
45.5

133.4
61.8
44.4

138.7
70.9
52.3

139.8
69.3
56.3

141.3
71.7
60.9

144.2
70.5
60.1

145.7
71.3
58.5

145.6
70.5
61.3

148.6
71.7
63.1

13
14
15

69.9
88.2

74.8
82.7

79.3
76.5

79.6
76.1

82.1
95.8

84.1
99.1

86.0
103.9

85.2
112.2

87.0
121.6

87.0
119.9

89.6
128.9

16
17

-153.8

10.9

49.0

56.5

-15.5

-97.0

-133.7

-153.9

-63.0

-119.8

-155.7

18

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

825.9

738.8

858.8

1038.2

1038.4

1105.5

1148.6

1191.5

1249.9

1291.0

1368.4

1

2
3

Household sector
Rest of the world

196.4
0.0

148.2
0.0

182.5
0.0

264.0
0.0

232.4
0.0

249.5
0.0

243.8
0.0

254.5
0.0

292.1
0.0

279.0
0.0

333.6
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.

629.5
454.3
81.9
93.3

590.6
412.7
79.2
98.7

676.3
475.4
91.4
109.5

774.2
578.3
102.2
93.7

806.0
575.3
95.6
135.1

856.0
598.6
101.9
155.6

904.8
646.3
93.4
165.2

936.9
654.8
110.4
171.8

957.8
655.7
116.5
185.6

1012.0
690.1
124.0
197.9

1034.8
735.1
118.4
181.2

4
5
6
7

825.9

738.8

858.8

1038.2

1038.4

1105.5

1148.6

1191.5

1249.9

1291.0

1368.4

8

8

Total liabilities

Total assets

9
10

Household sector
Rest of the world

454.3
0.0

412.7
0.0

475.4
0.0

578.3
0.0

575.3
0.0

598.6
0.0

646.3
0.0

654.8
0.0

655.7
0.0

690.1
0.0

735.1
0.0

9
10

11
12

Commercial banking
Brokers and dealers

175.2
196.4

177.9
148.2

200.9
182.5

195.8
264.0

230.7
232.4

257.4
249.5

258.5
243.8

282.2
254.5

302.2
292.1

321.9
279.0

299.6
333.6

11
12

97

Z.1, September 17, 2007

L.225 Life Insurance and Pension Fund Reserves
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

Life insurance reserves:
1

Total liabilities

880.0

920.9

1013.2

1060.4

1082.6

1102.3

1110.1

1133.5

1163.7

1172.7

1201.1

1

2
3

Federal government
Life insurance companies

37.8
842.2

39.4
881.6

40.5
972.7

41.6
1018.8

42.7
1039.9

42.8
1059.6

43.3
1066.8

43.5
1090.0

44.2
1119.5

44.2
1128.6

44.7
1156.4

2
3

4

Total assets (Households)

880.0

920.9

1013.2

1060.4

1082.6

1102.3

1110.1

1133.5

1163.7

1172.7

1201.1

4

8766.4

8198.0

9717.2

10627.2

11176.7

11440.9

11298.4

11547.7

12077.6

12188.7

12608.9

5

Pension fund reserves:
5

Total liabilities

6
7

Life insurance companies
Private pension funds (1)

1558.5
4094.7

1604.9
3719.2

1803.2
4561.6

2027.9
4955.8

2197.4
5159.6

2262.8
5271.7

2254.2
5167.3

2292.6
5282.4

2356.4
5561.9

2393.8
5617.8

2478.5
5856.4

6
7

8
9

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

2253.5
859.7

1980.0
893.8

2393.9
958.5

2620.0
1023.5

2745.3
1074.5

2838.0
1068.4

2802.3
1074.6

2874.2
1098.5

3017.1
1142.1

3044.3
1132.8

3139.8
1134.2

8
9

8766.4

8198.0

9717.2

10627.2

11176.7

11440.9

11298.4

11547.7

12077.6

12188.7

12608.9

10

10

Total assets (Households) (3)

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

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

Total taxes payable by all businesses

219.2

241.4

240.4

268.9

295.8

311.5

311.6

322.4

316.5

335.0

336.8

1

2
3

Nonfinancial corporate business
Nonfarm noncorporate business

81.0
68.7

93.0
70.2

81.2
69.7

88.0
78.0

93.1
85.5

102.5
87.2

97.6
88.5

102.4
90.1

92.1
91.8

104.5
93.2

100.7
94.9

2
3

4
5

U.S.-chartered commercial banks
Savings institutions

13.5
1.7

16.2
1.5

19.1
1.3

22.2
1.9

25.6
2.6

26.5
3.0

27.4
2.8

28.4
2.9

29.3
2.1

30.3
2.0

31.3
1.8

4
5

6
7

Property-casualty insurance companies
Life insurance companies

22.4
19.7

25.6
22.1

29.3
24.9

33.5
28.1

38.2
31.6

39.4
32.6

40.7
33.6

42.0
34.6

43.4
35.6

44.7
36.7

46.1
37.8

6
7

8
9

Finance companies
Brokers and dealers

10.2
1.9

11.6
1.3

13.2
1.8

15.0
2.2

17.1
2.1

17.6
2.6

18.2
2.8

18.7
3.3

19.3
2.8

19.9
3.6

20.5
3.7

8
9

125.9

115.1

171.1

171.9

200.3

218.5

237.5

264.4

264.0

276.6

281.6

10

46.1
79.8

50.8
64.3

68.4
102.8

89.0
82.9

126.4
74.0

139.0
79.5

155.6
81.9

170.3
94.1

185.1
78.8

197.3
79.3

211.6
70.0

11
12

93.3

126.3

69.2

97.0

95.4

93.0

74.1

58.1

52.5

58.4

55.2

13

10
11
12
13

Total business taxes receivable
State and local governments
Federal government
Discrepancy

L.227 Proprietors’ Equity in Noncorporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1
2
3
4

Total household equity
Nonfarm noncorporate business
Farm business
Brokers and dealers

4828.8

4989.9

5429.8

6030.2

6835.4

7034.1

7217.6

7373.6

7495.6

7682.6

7877.9

1

3816.4
1006.2
6.2

3930.0
1055.0
5.0

4291.8
1133.2
4.8

4713.5
1312.3
4.4

5325.0
1504.4
5.9

5491.8
1535.2
7.1

5648.7
1561.7
7.2

5777.6
1588.3
7.7

5875.2
1613.0
7.3

6011.3
1662.1
9.2

6158.3
1711.2
8.4

2
3
4

98

Z.1, September 17, 2007

L.228 Total Miscellaneous Financial Claims
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

1

2003

2004

2005

2006

2007

Q1

Q2

Q3

Q4

Q1

Q2

11169.4

11826.6

12241.1

13711.2

14456.3

14319.1

14241.2

14300.4

15074.9

15094.6

15248.7

1

2
3
4

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business

19.1
3561.9
607.3

20.0
3630.8
625.9

20.9
3521.3
648.8

22.5
3729.1
717.6

22.4
4113.7
762.6

22.6
4065.0
772.4

22.7
3872.3
776.3

22.7
3802.9
784.6

22.8
3638.1
793.2

23.4
3503.8
798.1

23.4
3382.3
804.7

2
3
4

5
6

Federal government
Rest of the world

772.0
1980.8

800.9
2282.0

843.6
2282.3

901.6
3005.1

946.1
3045.1

937.0
2833.4

946.4
2869.2

966.3
2786.2

1002.4
3626.0

993.0
3661.9

1008.3
3614.9

5
6

7
8
9
10

Monetary authority
Commercial banking
Savings institutions
Credit unions

7.7
1256.6
123.3
3.8

30.3
1430.8
148.9
5.7

34.5
1553.6
118.5
7.4

44.4
1700.0
127.6
9.3

47.8
1689.5
148.2
11.9

42.9
1723.7
150.8
9.9

46.8
1757.6
151.0
9.8

49.6
1744.1
185.5
12.6

48.9
1814.5
145.8
9.2

56.7
1780.3
151.2
10.9

51.7
1941.7
148.6
9.2

7
8
9
10

11
12

Property-casualty insurance companies
Life insurance companies

574.6
611.2

615.7
626.7

667.2
730.6

708.3
783.9

761.0
808.0

767.4
835.5

774.1
850.6

784.5
874.6

785.3
886.2

786.0
894.9

798.2
893.7

11
12

13
14

Government-sponsored enterprises
Finance companies

141.5
471.5

169.2
539.2

145.8
666.4

141.7
719.6

144.5
702.7

147.7
705.2

156.0
696.0

151.4
710.1

151.4
713.4

148.6
714.6

162.1
726.9

13
14

15
16
17

REITs
Brokers and dealers
Funding corporations

38.0
374.6
625.6

40.6
301.7
558.2

42.3
346.3
611.4

49.9
421.7
628.8

51.5
445.5
755.7

53.6
461.7
790.3

55.3
492.2
764.8

59.2
512.8
853.4

58.2
539.1
840.4

59.1
584.6
927.4

57.6
675.3
950.1

15
16
17

14634.7

15114.3

15283.0

16659.6

18686.1

18645.1

18890.0

19194.7

20041.0

20334.4

20734.4

18

18

Total liabilities

2002

Total assets

19
20
21
22

Household sector
Nonfinancial corporate business
Nonfarm noncorporate business
Farm business

397.8
6940.5
683.6
38.9

434.2
7062.2
724.2
39.9

489.1
7117.4
790.6
41.2

541.5
7699.1
953.3
43.2

591.1
8186.9
1101.2
44.5

603.4
8304.3
1135.0
45.5

615.3
8289.3
1160.4
46.6

625.5
8360.4
1192.4
47.6

631.2
8469.5
1223.9
48.6

644.8
8486.6
1256.1
49.5

675.8
8595.0
1289.5
50.3

19
20
21
22

23
24
25

State and local governments
Federal government
Rest of the world

133.9
100.3
1788.8

105.4
100.3
1942.5

87.6
101.7
1469.4

79.4
102.3
1571.2

55.6
100.9
2621.9

52.2
102.0
2324.3

39.0
102.3
2370.8

9.9
102.0
2451.2

0.8
101.8
3047.0

1.8
101.9
3086.4

19.4
103.3
2990.8

23
24
25

26
27
28
29

Monetary authority
Commercial banking
Savings institutions
Credit unions

20.3
1347.9
84.5
18.3

19.6
1443.4
103.6
30.4

18.2
1527.5
98.5
26.3

18.6
1657.5
167.0
24.5

18.1
1717.8
108.3
24.2

17.5
1707.1
112.9
20.2

17.7
1736.0
121.1
19.7

17.8
1715.5
118.6
23.9

17.0
1750.0
123.9
24.9

16.8
1724.6
132.1
21.9

17.4
1811.0
134.7
25.9

26
27
28
29

30
31
32
33
34

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

54.4
40.1
426.8
10.0
765.8

84.1
46.8
408.4
10.4
790.3

85.0
74.7
474.8
11.3
815.0

93.0
126.6
479.6
11.8
855.9

100.7
153.1
481.3
13.7
882.9

102.0
151.8
480.3
10.8
868.8

103.5
143.9
475.8
11.3
873.3

109.7
148.5
480.9
12.9
888.2

99.0
147.1
495.1
12.6
918.7

102.1
129.4
489.1
13.1
903.4

104.8
121.8
508.5
15.5
892.8

30
31
32
33
34

35
36
37

Money market mutual funds
Mutual funds
Government-sponsored enterprises

65.1
0.9
68.9

56.5
0.9
90.9

56.2
2.0
109.4

53.3
7.0
113.9

43.3
10.7
117.8

43.7
14.4
111.3

45.3
13.5
117.8

63.7
15.4
129.0

59.2
14.0
122.7

82.7
16.4
119.2

96.6
16.4
129.5

35
36
37

38
39
40
41

Finance companies
REITs
Brokers and dealers
Funding corporations

294.9
22.9
821.0
509.2

329.7
24.5
723.7
542.4

437.4
29.3
858.8
561.6

397.5
40.6
994.0
628.9

275.6
48.9
1202.6
785.0

267.2
53.8
1311.7
804.9

238.2
57.5
1447.1
844.7

219.4
57.9
1550.1
854.0

220.3
59.4
1599.4
854.8

230.8
59.9
1780.1
885.8

238.2
62.4
1925.2
909.7

38
39
40
41

-3465.3

-3287.6

-3041.9

-2948.5

-4229.8

-4326.0

-4648.8

-4894.2

-4966.1

-5239.8

-5485.6

42

42

Discrepancy

99

Z.1, September 17, 2007

L.229 Identified Miscellaneous Financial Claims - Part I
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006

2007

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
Property-casualty insurance companies
Life insurance companies
Finance companies
Brokers and dealers

1693.1
1462.7
49.6
54.4
18.2
93.9
14.3

1867.0
1583.9
49.9
84.1
24.5
111.7
12.9

2054.5
1718.5
56.3
85.0
27.9
151.3
15.4

2463.6
2016.4
85.8
93.0
33.6
200.3
34.5

2535.2
2047.8
97.5
100.7
40.4
211.5
37.4

2608.1
2113.1
99.5
102.0
41.0
214.2
38.4

2661.5
2161.7
100.0
103.5
39.7
217.6
39.0

2714.0
2203.7
98.7
109.7
41.0
221.1
39.8

2855.6
2324.9
105.4
99.0
43.0
242.0
41.4

2943.2
2400.0
107.9
102.1
44.4
245.8
43.0

3016.4
2444.8
108.8
104.8
45.5
268.6
43.9

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
Property-casualty insurance companies
Life insurance companies
Finance companies
Brokers and dealers
Funding corporations

1232.6
2.9
67.2
66.4
38.8
68.6
72.2
-30.3

1167.7
2.8
73.3
63.3
49.6
49.9
78.6
14.7

1196.8
2.4
85.2
68.2
46.6
68.1
87.3
26.3

1235.3
2.4
122.7
61.4
66.6
71.4
94.9
87.6

1292.3
2.5
130.7
61.9
69.5
84.5
89.9
137.2

1325.4
2.5
137.7
65.3
73.6
85.4
88.0
133.2

1341.1
2.5
139.2
64.4
83.6
84.9
87.4
158.6

1353.0
2.6
143.9
67.6
85.5
84.7
84.5
184.8

1437.9
2.8
149.0
69.5
88.1
100.0
80.5
171.6

1466.9
2.7
152.7
63.1
90.6
94.0
80.6
161.5

1511.0
2.7
158.3
68.0
92.3
95.2
81.4
178.7

8
9
10
11
12
13
14
15

16

Asset: Rest of the world

1518.5

1500.0

1581.0

1742.2

1868.2

1911.2

1961.6

2006.7

2099.4

2112.2

2187.7

16

37.1
37.1

38.6
38.6

40.0
40.0

42.0
42.0

43.2
43.2

44.5
44.5

44.7
44.7

45.0
45.0

45.3
45.3

45.6
45.6

46.7
46.7

17
18

7.4
7.4

8.4
8.4

8.8
8.8

11.9
11.9

13.5
13.5

13.8
13.8

15.0
15.0

15.1
15.1

15.3
15.3

15.8
15.8

16.1
16.1

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

37.1

39.1

42.3

44.8

46.7

47.3

47.3

47.4

46.9

46.9

47.0

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
1.8
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
2.1
2.5
0.0
18.7
16.4
1.4
1.1

0.0
2.0
2.7
0.0
19.3
17.4
1.7
1.7

0.0
1.8
2.8
0.0
20.2
18.5
1.8
1.6

0.0
1.8
2.9
0.0
20.5
18.7
1.8
1.6

0.0
1.8
2.9
0.0
20.6
18.7
1.8
1.5

0.0
1.8
3.0
0.0
20.0
19.3
1.9
1.5

0.0
1.9
3.0
0.0
22.9
15.6
1.9
1.6

0.0
2.0
3.2
0.0
22.4
15.9
1.7
1.7

0.0
2.1
3.4
0.0
22.4
15.3
1.9
1.8

22
23
24
25
26
27
28
29

BHC investment in subsidiaries:
30
31
32
33

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

586.1
7.4
56.5
155.6

639.2
8.3
54.9
156.1

689.8
9.3
64.3
191.4

857.0
10.5
128.8
201.9

897.0
11.8
156.1
216.1

914.5
12.1
159.5
180.4

929.7
12.5
163.7
186.8

963.0
12.8
168.3
190.9

1006.9
13.2
169.3
224.1

1017.9
13.6
165.4
203.2

1040.2
14.0
174.2
204.3

30
31
32
33

34

Asset: Bank holding companies

805.6

858.5

954.8

1198.2

1281.0

1266.5

1292.7

1335.1

1413.5

1400.1

1432.6

34

100.0
100.0

124.7
124.7

138.5
138.5

128.8
128.8

156.1
156.1

159.5
159.5

163.7
163.7

168.3
168.3

169.3
169.3

165.4
165.4

174.2
174.2

35
36

NFC inv. in finance company subs.:
35
36

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

37
38

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

108.7
400.5

127.8
414.6

135.0
426.5

167.7
461.2

188.8
596.3

212.9
592.0

215.0
629.8

211.8
642.2

197.3
657.5

231.1
654.7

240.7
668.9

37
38

39

Asset: Funding corporations

509.2

542.4

561.6

628.9

785.0

804.9

844.7

854.0

854.8

885.8

909.7

39

100

Z.1, September 17, 2007

L.230 Identified Miscellaneous Financial Claims - Part II
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

Q2

2007
Q3

Q4

Q1

Q2

Nonofficial foreign currencies:
1
2

Liab.: Rest of the world
Asset: Federal government

2.5
2.5

2.6
2.6

2.8
2.8

2.8
2.8

0.6
0.6

0.6
0.6

0.6
0.6

0.6
0.6

0.6
0.6

0.6
0.6

0.6
0.6

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

25.7
25.7

27.6
27.6

20.5
20.5

18.4
18.4

19.2
19.2

21.5
21.5

18.6
18.6

18.2
18.2

19.0
19.0

22.7
22.7

21.1
21.1

5
6

19.1
19.1

20.0
20.0

20.9
20.9

22.5
22.5

22.4
22.4

22.6
22.6

22.7
22.7

22.7
22.7

22.8
22.8

23.4
23.4

23.4
23.4

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

175.4
100.5
40.4
34.4

185.6
110.6
40.6
34.5

199.5
121.5
40.5
37.5

211.0
131.3
41.7
38.0

217.3
138.3
42.7
36.3

224.1
141.8
43.2
39.1

228.2
145.1
43.5
39.6

230.7
146.9
44.0
39.8

232.1
149.8
43.5
38.8

236.7
152.1
43.8
40.8

238.7
153.2
44.2
41.3

9
10
11
12

13

Asset: Household sector

175.4

185.6

199.5

211.0

217.3

224.1

228.2

230.7

232.1

236.7

238.7

13

Policy payables:
14

Liab.: Property-casualty insurance companies

508.2

552.4

599.0

646.9

699.2

702.1

709.7

716.8

715.8

722.9

730.2

14

15
16
17
18

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

222.4
200.8
48.3
36.8

243.9
218.2
52.5
37.8

266.8
236.6
56.9
38.7

290.4
255.5
60.5
40.5

316.0
276.2
65.3
41.7

316.5
277.3
65.6
42.7

319.4
280.3
66.3
43.7

322.1
283.1
67.0
44.6

320.5
282.7
66.9
45.6

323.6
285.6
67.6
46.2

326.7
288.4
68.2
46.9

15
16
17
18

275.8
275.8

249.6
249.6

317.0
317.0

328.4
328.4

338.4
338.4

340.8
340.8

339.1
339.1

347.0
347.0

363.9
363.9

359.8
359.8

374.4
374.4

19
20

48.4
48.4

49.9
49.9

49.8
49.8

46.6
46.6

44.8
44.8

44.3
44.3

43.8
43.8

43.3
43.3

42.8
42.8

42.3
42.3

44.5
44.5

21
22

578.3
578.3

575.4
575.4

678.0
678.0

764.8
764.8

939.7
939.7

1015.4
1015.4

1130.2
1130.2

1220.5
1220.5

1242.3
1242.3

1377.1
1377.1

1429.3
1429.3

23
24

765.8
765.8

790.3
790.3

815.0
815.0

855.9
855.9

882.9
882.9

868.8
868.8

873.3
873.3

888.2
888.2

918.7
918.7

903.4
903.4

892.8
892.8

25
26

0.0
0.0

4.6
4.6

22.8
22.8

40.1
40.1

57.8
57.8

62.8
62.8

67.8
67.8

72.7
72.7

78.6
78.6

84.5
84.5

110.4
110.4

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
Retiree Health Care Funds (1):

27
28

Liab.: Federal government
Asset: Household sector

(1) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.

101

Z.1, September 17, 2007

L.231 Unidentified Miscellaneous Financial Claims
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
2001

2002

2003

2004

2005

2006
Q1

1

Total liabilities

Q2

2007
Q3

Q4

Q1

Q2

4062.2

4389.9

4134.4

4513.3

4505.1

4160.4

3776.0

3554.0

3938.3

3706.1

3553.0

1

2280.9
604.3

2413.1
623.1

2274.7
646.5

2447.2
715.2

2776.7
760.1

2695.4
769.9

2487.5
773.7

2406.7
782.0

2157.5
790.4

1994.6
795.4

1826.9
802.0

2
3

Federal government
Rest of the world
Monetary authority

6.2
248.1
0.4

6.0
373.8
21.9

5.8
185.1
25.7

5.6
496.7
32.5

5.4
466.1
34.3

5.4
180.2
29.1

5.3
162.5
31.8

5.3
26.5
34.5

5.1
724.6
33.6

5.2
672.6
40.9

5.0
551.2
35.6

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

494.5
173.7
141.0
150.8
29.0

590.4
210.6
160.7
190.9
28.3

643.6
262.4
108.2
241.4
31.7

552.6
319.7
-81.2
271.6
42.5

473.1
270.6
-55.6
216.0
42.2

458.6
298.2
-100.5
219.3
41.6

473.7
279.5
-73.3
225.7
41.7

425.3
316.0
-164.5
234.8
39.0

461.3
326.4
-191.5
288.6
37.7

378.6
305.1
-240.2
276.8
36.8

502.4
381.2
-203.5
288.4
36.4

7
8
9
10
11

12
13
14
15

Savings institutions
Credit unions
Life insurance companies
Government-sponsored enterprises

115.9
3.8
121.2
78.7

140.6
5.7
141.9
102.5

109.2
7.4
167.5
83.1

117.1
9.3
177.9
78.5

136.5
11.9
182.9
78.7

138.7
9.9
197.0
78.9

138.5
9.8
199.7
90.1

172.7
12.6
211.4
85.8

132.6
9.2
202.1
85.5

137.6
10.9
207.8
78.9

134.6
9.2
188.3
94.0

12
13
14
15

16
17
18
19

Finance companies
REITs
Brokers and dealers
Funding corporations

246.3
38.0
-253.7
77.6

309.8
40.6
-347.6
-31.9

395.4
42.3
-358.9
-92.9

390.5
49.9
-336.3
-223.6

306.0
51.5
-456.8
-321.2

300.8
53.6
-398.7
-358.3

283.7
55.3
-411.8
-524.0

288.6
59.2
-404.8
-551.9

274.8
58.2
-423.1
-573.5

289.8
59.1
-353.9
-611.3

283.3
57.6
-279.3
-657.9

16
17
18
19

7527.5

7677.6

7176.3

7461.7

8734.9

8486.4

8424.8

8448.2

8904.4

8946.0

9038.6

20

5177.0
633.5
133.9

5135.3
670.0
105.4

5023.8
731.6
87.6

5298.4
890.9
79.4

5706.8
1034.0
55.6

5754.3
1067.6
52.2

5683.5
1092.3
39.0

5705.2
1123.6
9.9

5692.6
1155.2
0.8

5635.7
1186.6
1.8

5687.6
1219.1
19.4

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

60.7
270.3
20.3

59.1
442.6
19.6

58.9
-111.5
18.2

57.5
-171.0
18.6

57.1
753.7
18.1

56.9
413.2
17.5

57.0
409.2
17.7

56.3
444.6
17.8

56.0
947.6
17.0

55.7
974.2
16.8

56.0
803.1
17.4

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

470.1
158.2
187.2
112.2
12.5

509.0
178.9
184.2
139.5
6.4

488.9
173.2
149.5
161.9
4.3

342.2
117.5
25.0
194.4
5.2

305.6
102.0
-12.3
210.6
5.3

306.9
105.8
-25.2
220.1
6.1

307.7
110.1
-43.4
232.6
8.5

246.7
108.7
-103.4
235.2
6.1

192.9
103.9
-163.1
246.2
5.9

178.3
117.7
-206.4
260.7
6.4

231.1
117.9
-164.2
270.7
6.8

27
28
29
30
31

32
33

Savings institutions
Credit unions

41.9
17.4

59.9
29.2

61.5
24.9

131.2
22.8

70.6
22.4

72.6
18.4

83.8
17.9

81.1
22.0

89.4
23.0

93.5
20.2

98.3
24.0

32
33

34
35
36

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

2.5
102.6
10.0

1.8
108.9
10.4

24.8
108.0
11.3

68.8
104.5
11.8

88.8
98.2
13.7

86.6
95.2
10.8

80.0
92.9
11.3

83.3
90.6
12.9

79.7
88.4
12.6

60.0
87.0
13.1

51.1
89.6
15.5

34
35
36

37
38
39

Mutual funds
Money market mutual funds
Government-sponsored enterprises

0.9
65.1
68.9

0.9
56.5
90.9

2.0
56.2
109.4

7.0
53.3
113.9

10.7
43.3
117.8

14.4
43.7
111.3

13.5
45.3
117.8

15.4
63.7
129.0

14.0
59.2
122.7

16.4
82.7
119.2

16.4
96.6
129.5

37
38
39

40
41
42

Finance companies
REITs
Brokers and dealers

200.9
22.9
228.4

218.1
24.5
135.4

286.1
29.3
165.4

197.3
40.6
194.7

64.1
48.9
225.6

53.1
53.8
257.8

20.6
57.5
277.9

-1.7
57.9
289.9

-21.6
59.4
315.8

-15.0
59.9
360.0

-30.5
62.4
451.9

40
41
42

-3465.3

-3287.6

-3041.9

-2948.5

-4229.8

-4326.0

-4648.8

-4894.2

-4966.1

-5239.8

-5485.6

43

43

Discrepancy