May 1970

A 70

1. SUMMARY OF FLOW OF FUNDS ACCOUNTS FOR YEAR 1969
(Seasonally adjusted annual rates; in billions of dollars)
Private domestic nonfinancial sectors

U

S

U

1 Gross saving...............................................
2
Capital consumption..............................
3
Net saving (1-2).....................................

U

S

U

S

U

........ 81.8 .. .. -5 .6 ...... 222.8 ......
........ 66.5
...... 149.2
........ 15 2 .. . . - 5 6 ...... 73 6 . . . .
137.3 ...... 74.7...... —7 .5 ......
116.8 ....... 111.1 ......
89.8......
1 0 .2 ......
2 2 .0 ......
5 .0 ....... 92.8......
8 . 0 ......

204.4 ......
227.9 ......
89.8......
32.2......
97.8......
8 0 ......

Total

S

U

7.8

15
16

Demand deposits and currency..............
Private domestic.................................

1.1

.4
. ..

Foreign...............................................
Time and savings accounts..................... 11.3
At commercial banks........................... 3.3
At savings institutions......................... 8.0

22
23
24

Life insurance reserves........................... 4.5
Pension fund reserves............................ 15.8
Interbank items......................................

25
26
27
28
29
30
31
32
33
34

Credit market instruments......................
Corporate shares................................
U.S. Government securities................
State and local obligations..................
Corporate and foreign bonds..............
Home mortgages................................
Other mortgages.................................
Consumer credit.................................
Bank loans n.e.c.................................
Other loans.........................................

35
36
37

Security credit......................................... - . 8 -2 ,4
To brokers and dealers....................... - . 8
To others............................................. .......-2 .4

38
39

Taxes payable.........................................
Trade credit............................................

.4

17.3 11.4

.5 17.3 12.3

40
41

Equity in noncorporate business............ -4 .8
Miscellaneous claims.............................. 2.1

.3

........ -4.8
4.2 6.5

-4 .8 -4.8
6.3 6.8

42 Sector discrepancies (1-4)..........................

9.4

-7.5

7.2
2.8
.2

8.9 37.3
-4.3
15.8
8.5 6.1
7.7
- .3
1.8
1.8
.4

.1
1.6

18.4

.8

6

3.7

8

Discrep­
ancy

S

234.5
150 6
83 9

218.9
229 2
89 8
32 2
99 2

16.3
59

10.4

2.1

-1.3

3.7

-10.4

9.2

4.1

16.9

48.0

10.1

173.0

9.1
-

5.9
5

4.1

.9

1.0

.9 - .3

.1
-.8

.4

.3

33
31
—i
3

2 8
6

—l

1.7

2

-11 0 -

*

.4

1.0

42

14.9

4.2

-11 2

14
—.4
2 6

23
33
16 4
.5

*

.5

.3

.5

.3
*

* 8.0

12

6*4
1.1

.3
.3

2

.7
6

6.9

6

7

8

9

10
11
12

..............

13
14
15
16
17
18

6.6
5.9 — 6
^5 — 6
2

...
...
...

8.0

19

20
21

.............. 22
. ... 23
24
..............
..............
...
...
...
...
...

25
26
27
28
29
30
31
32
33
34
35
36
37

—2.6 —2.2 —.2 —.2 —4.8 —4.8
—2 2 — 2
—2.2 —2.2
— 2 —
2.6 —2.6

4 2.3 17.5

4
5

6.5

10.1

4.5 4.5
15.8 15.8
.9
.9

1

3

-3.7

—2 6

3

1
2

225.6
229.2
89.8
32.2
99.2..........
8 0

—3.0 —3.0
- 1T 0 - 11.0
8.0

45
1 42

183.4

3.5 119.2 119.2
.2 io!o io!o
5*5 5,5
10
8.5 8.5
.1 7.2 1.6
.5 1.2 14.9 14.9
9.2
*
15.4 15.4
6 5
11.9 11.9
42
9.3 9.3
— 3 10 4 16 4
.. . 2 1
4.2 9.0 8.6 1.0 2.4 27.2 27.2

2

10

1
1

.

.3

4.3 49.3 17.9 1.9
12.8 5.6 1.5
—5
—1 1

—1 2
—1 2
*

..
..

6.5

7.7

3

-

3

49.3

-1 .0
33

*

45
14 2
.9

3.2 25.1

14.9

1

Natl,
savings
and invest­
ment

U

235.1
150 6
84 5

.6

*

-3 .8 -2.2
—1.2 - 2.2
- 2.6 ..

-2.4

1.9

.6

U

*

2.6 —3.6 77.3 31.0 8.9 8.8
12.8 5 5
-1 .3 -3 .6 -8 .0 9.1 —.4 9.1
8.5
2.4
12.1
6.8 1.7
15.5
.1 - . 1 15.6
* 3.9
11.9
9.5
.6
.6
9.3
7.5
14.5
16.4 2.1
14.3 12.5 4.8 —.3
8.7 12.3 3 2

- . 8 -2.4
-.8

7.1

.8

88.3
4.3

.8

- .5

- .1 -3.0
- .1 - 11.0
* 8.0

-.1

4.5
15.8

4.2
.1

S

—5

2.7

6

7 .0 ...... 78.2
- 1.6
77.4

8.0

18.7 31.4 11.4 48.1
-4 .3
........ 4.3
13.1
-1.4
3.8
2.3
........ 12.1
4.9
- . 5 16.0 ........ - .5
1.8 1.1 ........ 10.8
9.3
1.8
2.0
12.5
2.9
8.7 8.9

1 Commercial banks and unconsolidated affiliates.

Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

-7.8

-4.1
- 12.0

*

U

.1
6

3.7
7
9

*

1

S

All
sectors

1

1.0

.4 19.5 12.4 —7 1

38
39

7.0

—4.8 —4.8
2.5 16.6 34.9 18 3

40
41

—3 1

1.0

16 3

1.1

16 3

8 9

42

1970

-.1

18

S

Rest
of
the
world

8 0

1.4

19
20
21

U

1.4

Gold & official foreign exchange............
Treasury currency..................................
6 0

U

S

1.4

13
14

2.2

U

.1

2.2

8 . 6 ......

.5

S

2 6

10 Net financial investment (11-12).................. 20.5...... - 3 6 .4 ...... - 7 . 5 ...... -23.4
11 Financial uses............................................. 50.2....... 25.5...... 1 .9 ...... 77.7......
12 Financial sources.........................................
9.4
62.0
101.1

3.4

U

3.9
14

78

8 . 6 ......

S

Coml. 1
banks

Pvt.
nonbank
finance

□ MAY

4 Gross investment (5+10)............................
5 Private capital expenditures........................
6
Consumer durables................................
7
Residential construction........................
8
Plant and equipment..............................
9
Inventory change...................................

S

Total

Mone­
tary
auth.

OF FUNDS

Transaction
category

Busi­
ness

House­
holds

Sponsored
credit
agencies

FLOW

Sector

State
and local
govts.

Financial sectors
U.S.
Govt.

October 1970

1.

SUMMARY

OF

FLOW

OF F U N D S

ACCOUNTS

FOR

SECOND

QUARTER,

1970

(Seasonally adjusted annual rates; in billions of dollars)
Financial sectors

Private domestic nonfinancial sectors

Sector

Households

State
and local
govts.

Business

U.S.
Govt.
Total

Sponsored
credit
agencies

Total

Monetary
auth.

Coml. i
banks

Pvt.
nonbank
finance

Rest
of
the
world

All
sectors

Discrepancy

Transaction
category
1
2
3

Gross saving
Capital consumption.
Net saving (1-2)

4
5
6
7
8
9

Gross investment (5 + 10)
Private capital expenditures. . . .
Consumer durables
Residential c o n s t r u c t i o n . . . .
Plant and equipment
Inventory change

153.8
115.8 .
91.9 .
18.5 .
5.5

10

Net financial investment (11-12).

37.9

11
12

Financial uses
Financial sources.

56.3

.
.

Gold and official foreign exchange.
Treasury currency

15
16
17
18

D e m a n d deposits and currency.
Private domestic
U.S. Government
Foreign

19
20
21

Time and savings accounts.
At commercial banks
At savings i n s t i t u t i o n s . . .

24.8 .
9.5 .
15.3 .

22
23
24

Life insurance reserves.
Pension f u n d reserves. .
I n t e r b a n k items

4.6 .
15.5 .

25
26
27
28
29
30
31
32
33
34

Credit market instruments
C o r p o r a t e shares
U.S. Government securities
State and local obligations
Corporate and foreign b o n d s . . .
H o m e mortgages
Other mortgages
Consumer credit
Bank loans n.e.c
Other loans

35
36
37

Security credit
T o brokers and dealers
T o others

38
39

Taxes payable.
Trade c r e d i t . . .

40
41

Equity in noncorporate business.
Miscellaneous claims

228.3
224.6
91.9
28.4
101.3
3.1

-2.1

9.9 .
95.8 .
3.1 .
-32.2
28.7 .

244.6
161.7
82.9

-18.0

3.0
.9
2.1

3.6
1
2.0

-17.
! -17.8

2.6

4.5
1.5

.
.
.
.
.

15.2 2 2 . 1
1.3
-1.0

18.0

3.0

9.7

94.6

1.4

77.9

91.0

11A

.7 .
6.6
74.9

19.J

1.6

10.4
.7 1 2 . 6
2.2
1.0
6.2
-.6
2.7

49.2 2.0 11.3
6.2
..
-2.1 . .
..
.2 1 1 . 0
22.7 3.7 . .
.2 . .
10.8
5.5
4.9

i Commercial banks and unconsolidated affiliates.

1 8 . 0 82.5
1.3 6.2
-4.2
- . 4 11.0
14.1 22.7
.9 11.
2 . 2 11.8
1.8 6.2
4.
2.2 7.9

-1.2
7.7

5.4

8.1

5.2

....

12.8

-1.2
8.6

-3.6 -- 3 . 6
7.7
1.5 •

16.3 .

2.0

.2

30.3

39.6

14.6
3.1.

226.2 .

.1
3.5
2.8

17.2

* 17^3

39.4

-1.9
-7.1
5.6
-.4

.1 - . 1 1 0 . 8
.4 . .
9.2
4.4
4.5 - . 1
2.3
10.3 5.4
10.6 - 7 . 9
-6.0 -7.9
-4.6

15.7

9.2 .
11.6 .

1.3

4.9 .
.9 .
.2 .
-.1 .

2.2
4. 3
4.4

4.1 40.5
8.7
3.5
-.2
10.0
4.7
7.5
2.2

4.6
15.5
-4.4 -4.4

4.1

2.3

.6

-.4

-.1
.2

..
.8

-.4
2.4

116.9 116.9
9.5
21.9

11.0

.
.

4.3
-4.9 -.2 -4.7 •

-5.7 .
-5.8 .
.1 .

9.4 1.
-.5
8.5 . . . .

.
.

1.5.

42.3
26.6
15.7

-2.4;

4.5
12.0
33.8

2.4
- . 6

-2.9 - 1 . 3 - 1 . 4 - 3 . 0

5.7 .

-1.8

.9

A

5.9

.2
4.1
3.9.

4.1

-.6 .
.4 . .

4.7

11.6

177.8 .

- 2 . 2
- 2 . 6

26.6

-.8

226.2.

- . 1 -4.2 -4.2 .3

1.9
5.3
-3.2
-.2

4.5
12.0
: -4.4
' 15.6
8.7 3.3
17.6 4.7
11.4
10.0

3.9

226.4

91.9.
28.4.
102.8.
3.1.

-11.6

1.2

: 42.3
26.6
15.7

-1.8 •- 4 . 5
-1.8 •

12.8

214.6

-2.0
.3 .

; -1.8
2.4
-.6

44.3 .
29.0 .
15.3 .

-1.8 -4.5
-1.8
-4.5

-3.6 •
2.3

-2.8 .

4.6 .
15.5 .
.9
....
-1.1
-2.1
....

1.1
.9 .

230.4
163.3.
67.0.

229.2
. 163.3
. 65.9

3.1 .

3.6

11.4

-1.1

102.8 .

-2.1

-.3 .

.4
.7
-.3

91.9 .
28.4 .

-2.0
.3 .

Sector discrepancies (1-4).

Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

76.6
108.8 .

.

60.9

13
14

42

81.8
71.3
10.6

163.4
90.4
73.0

Natl,
savings
and investment

.

24.6
11.7
11.8

6.2

4.5
15.6

-.1

-12.5
-7.9
-4.6

-.1 .

.1 . . . .
-.8 - l . :

-1.3.
7.9 - 6 . 0 .

.1 - -1.2

14.0
3.7
.4

2.3

3.1

8.5 - 3 . 8

-.7

-.9

6.5

11.1
14.6

-3.6

28.0

16.9.
14.6.

4.0.

March 1971

A 70

1. SUMMARY OF FLOW OF FUNDS ACCOUNTS FOR YEAR 1970
(Seasonally adjusted annual rates; in billions of dollars)
Financial sectors

Private domestic nonfinancial sectors

1
2
3

U

82.4
71.9
10.5

N et financial investment (11-12).

46.4 .

-30.3 .

- 4 .9 .

Financial uses
Financial sources.

66.8 .

23 .8 .

7.7 .

95.2 .
3.6 .

19
20
21

Time and savings accounts.
A t commercial b a n k s .. . .
A t savings in stitu tio n s...

34.5 .
17.9 .
16.6 .

22
23
24

Life insurance reserves.
Pension fund reserves. .
Interbank ite m s ..............

4.9 .
17.5 .

25

C orporate sh a re s.

Security credit.....................
To brokers and dealers.
To o th ers..........................

38
39

Taxes payable.
Trade c re d it...

40
41

Equity in noncorporate business. . .
M iscellaneous claim s........................

-

1.1

8.2
-5 .3
-1 .5
12.6
.5
2.0

1.1 .

1.5
107.8

2.0

106.3

15.4

55.4
38.0
17.3

56.4 .
39.8 .
16.6 .

12.8

.1

4.9 .
17.5 .
6.7

.

21.3
.
.
.
12.6

1.4
4.3
.3
2.7

-

6.7

1.1

10.3

I -1 .
-i.
1.6
7.1
... . - 2 .3
1.1 1.3
2.8 .

.3
6.9

3.0

2.1

8.8
1.5
4.2 .

2.3 .

7.6
7.6

5.0 .
5.0 .

3.7

27.5 - 1 A
8 . 2 .......
1 1 .2 .......
.5
1
. 9 .......
1 . 0 .......
1 . 9 .......

-.2
1.2

3.2 - 1 .9

1.5
1.5

1.8 .
2.3 .
- .5 .

1.5
1.5

.3 ..

4.8

15
16
17
18
55.4
38.0
17.3

19
20
21

4.9
17.5
3.0

22
23
24
25

1.1

10.5 - 3 . 7
-.1

24.5
13.3
11.9
4.3
.6
11.5

26
27
28
29
30
31
32
33
34

-.4
1.5
- 1 .9

35
36
37

1.7
7.

38
39

98.2
20.3

1.4 2
1.4 . . .

11.8

2.1

3.2

5.

.4 ....

11
12
13
14

3.2

3.2

.5

1

.5
- .2

2
-

1.7
7.6

1.0

14.7

6.1

9.0
6.2
2.5

1.6 1.4 .
8.1 - . 7

- 2 .3 - 2 .
3.6 1.7
3.5 .

.4
2.3
-1 .9

5.4

-2.5 - 2 .5
.7

4.8
15.2
2.2

224. 5
225.2........
89.4........
29.7.......
102. 6
3 .6 .......

-3.2

.8 - 2 .5

7 17.3

.9

2.6 .

214.2

38.0

4.8
15.2
3.0 3.0

1.9 39.7 -2.7 12.2 7.4 73.1 3.3 12.7 78.1 9.5
.1 12.7 18.6 7.6
-3.1 . . . . - 6.8
1.7
12.7 .
.3 11. - . 9 11
.4
11.3 2.1
12.7 21.3
21.3
.2 . ...
12.9
.5 12.7 - . 1
.1
9.5 .
.4 .
2.0 11.
10.5
2.5 .
1.9 4.3
1.9 .
.6 -.2
1.2
10. 1 - . 7
2.9 .
- 2.0 10.0
-2.0

-1.8

-2.3 .
2.5

2.3

-.6 .

5.4

6.4
3.4
2.7
.3

2.5
2.9
-.4

.
.
.
.
.

3.2

-1.4 .
.7 .
8.9
6.4
2.3
.3

Natl,
savings
and invest­
ment

228. 5
164.7........
63.8........

217.4

6.1

50
39.8

5.1

9.8

Discrep­
ancy

. 227.8
. 164.7
63.1
i.4
225.2
89.4
29.7
102.6

41.9

5.2

-1 .4 .
.7 .

.

-.7

2.1

.1 .
9.9

2.5 .

-1 .8

1 Commercial banks and unconsolidated affiliates.

1.9 .

5.1
87.2

12.7

3.2
1.1 .

All
sectors

S
3.0
.9
2.2

3.4
1.9 .

10.3

98.3 .

3.3 .

Sector discrepancies (1-4).

Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

11.2

U

S

Rest
of
the
world

-4.0

40
41

... . - 2 .3
4.4 14.7 11.4 -3.3 .

- 1 . 5 ........

4.0.

42

1971

D em and deposits and currency.
Private dom estic......................
U.S. G overnm ent.....................
F o reig n .......................................

35
36
37

54.1

10.3

.
.
.
.
.
.

U

1. 6
2.1

-

15
16
17
18

O ther credit m arket in stru ..........
U.S. Governm ent securities
State and local obligations.........
C orporate and foreign b o n d s .. .
Home m o rtg ag es........................
O ther m ortgages..........................
Consumer cred it..........................
Bank loans n.e.c..........................
O ther loans...................................

234.5
223.3
89.4
29.7
100.7
3.6

S

3.7

-13.2

238.0
163.1
74.9

-4.9
-4.9

U

S

-4 .9

11.1 .

20.4

U

S

79.6 .
109.9 .

G old, S D R ’s, and official fgn. exchange
Treasury currency and S D R ctfs...........

42

S

.
.
.
.
.

159.8
113.4
89.4
18.6
5.5

13
14

26
27
28
29
30
31
32
33
34

U

Total

Coml.l

Pvt.
nonbank
finance

□ MARCH

11
12

S
160.5
91.2
69.3

Gross saving....................
C apital consum ption.
N et saving (1-2).........
Gross investment (5 + 1 0 ).........
Private capital expenditures. ..
Consum er d u rab les..............
Residential con stru ctio n .. .
Plan t and equipm ent...........
Inventory ch an g e.................

10

U

Total

Mone­
tary
auth.

OF FUNDS

Transaction
category

Busi-

Sponsored
credit
agencies

FLOW

House­
holds

Sector

U.S.
Govt.

State
and local
govts.

November 1972

1. SUMMARY OF FLOW OF FUNDS ACCOUNTS FOR YEAR 1971
VJ

(Seasonally adjusted annual rates; in billions of dollars)
Financial sectors

Private domestic nonfinancial sectors

Sector
Transaction
category

3

Households
U

S

U

186.1
98.5
87.6

Net saving (1-2)

State
and local
govts.

Business
S
89.9
80.0
9.8

181.6
70.1
134.9 .. .. 118.0 ..
103.5
25.8
16.7
5.6
97.6
3.6 ..
10

Net financial investment (11-12)

U

-5.4

23.4

15.6
71.3

S

U

U.S.
Govt.

U

S

274.0
178.5
95.4

Demand deposits and currency
Private domestic
U.S. Government
Foreign

19
20
21

Time and savings accounts
At commercial banks
At savings institutions

73.5
32 7
40.8

22
23
24

Life insurance reserves
Pension fund reserves
Interbank items

6 6
20.2

25

Corporate shares

-5.2

26
27
28
29
30
31
32
33
34

Credit market instruments
U.S. Government securities
State and local obligations
Corporate and foreign bonds
Home mortgages
Other mortgages
Consumer credit
Bank loans n.e.c
Other loans

35
36
37

Security credit
To brokers and dealers
To others

38
39

Taxes payable
Trade credit

40
41

Equity in noncorporate business
Miscellaneous claims

8.5

4.6

U

S

-24.6

2.8

*

-3.2
2.4
4 6

3.9

.5

6.2

-3.2
3.6

19.8

-.1

.1
.1

3.9
1.2
2.7

-.1
-.1

S

U

3.9
1.3
2.6

3.6
1.1

4.5
1.4

1.1

1.4

10

8.6
22.2

11
12

-12.7

80.3

306.1

.5

3.2

5

7.7 20.6 4.2 111.8 26.4
-13.1
69
26 3
-.2 20.2 5.7 20.2
8.6 19.4
10
3
.2 26.1
2.3 20.9
2.6 10.4
10.3
4 -2.1 4.4 - . 2
* 2,1

5

.3
4.0

4.0
4.9

2.7
2.1

*

2.8
.7
2.1

-10 8

1.1
- . 4 -1.7
5.0

-.2

.1
7

4.1

5.2
*

.5

.8

4.3
-.3

41.4

.2
.2
* 40.8

.9
*

*

13
14

17.7 18.4
14.3 15.1
3.2 3.1
.2

.8
-.1

15
16
17
18

5.0

0

26
27
28
29
30
31
32
33
34

-.4

2.7
.6
2.1

35
36
37

*

.6
.6
-.1

.5
- 2

1.9 -1.3
.3

22
23
24
25

2.0

-.5

6.6
20.2
5.0
14.8

1.3

2.0

.6

19
20
21

.2 56.0
3.1
1.8
.5 14.5
17.7
12.5
3.0

.6
.6

4.5

82.2
41.4
40.8

4.3 151.2 151.2
29.4
20.2
24.6
3.8
28.0
2.0
20.9
10.4
14.4
1.4
3.3 -2.9

19.2
49.8
6.0
12.7
1.3
5.7
4.2
4.8
14.4
.S

8.8
8.6

-.2
-.7

.7

1.3

3.2 25.5 117.4 8.3 2.8 3.9
* 25.6 16.2 3.9 -1.5 3.9
14.5
15.8 4.3
- . 3 -.1 28.1 2.0 4.8
18.3
4
1.6 .. .
7.8
14.4 1.4
2.3 -3.3 -2 0
32

*

-3.2 -3.2
8.6 4.0 -7.1
27.7

9

14.0
11.7
2.2
.1

318.7
-1.7 -1.7
.5
.5

6.6
17.4

6.6
17.4
5.0 5.0
19.1

*
5.6

4.4
3.4
.9

.1

.2 82.2
.2 41.4
* 40.8

.l
.1
2.8

.9

-.8
.5

18.4
.7 15.1
3.1
.2

13.5

81.3
40 5
40.8

-.8
.5

77.3

55.1

4
5
6
7
8
9

-13.6

3.0

57.6
8.3

1
2
3

12.7

2.5

8.3
3.3

o
257.2
181.1
76.1
241.8
255.4
103.5
42.6
105.8
3.6

-.1

144.1

O

U

17.3
4.6

.1

29.1

Natl,
savings
and investment

242.8
255.4
103.5
42.6
105.8
3.6

3.4

8.6

S

Discrepancy

260.0
181.1
78.9

5.6

-5.2 13.4

3.4

U

S

149.6

2.1
4.0

U

S

3.8

2 1
6

U

All
sectors

-25.3

13 4

.3

Pvt.
nonbank
finance

2.6

66
20.2

2.1

Coml.
banking

13.6

-6.6

72

8.1 49.6
27
10
19 4
15
19 4
2.6
6.4
l.S 2.7

S

.1

8.1
2.6

-25.3

.2

-11.6 41.6
-22.6
4 9
7 6
.2 24.5
2.3 1.4
10.4
3.9
-3.9 1.3

U

Monetary
auth.

130.4 .. .. 22.2
2i.o
137.0

.5

.6

S
7.8
2.5
5.3

-24.6

2.8

1.3 -1.7 -2.2

15
16
17
18

Sponsored
credit
agencies

Total

246.3
13.6
252.9 . . . .
103.5 . . . .
42.6
103.2 .
3.6

-5.4

-47.8

Gold, SDR's, and official fgn. exchange.
Treasury currency and SDR ctfs

Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

S

-2.1

91.4
13
14

Sector discrepancies (1—4)

Total

-2.1

46.6
44.7

42

U

Rest
of
the
world

1.8
-.6

6.5

3.8
3.8

2.4
1.0

38
39

-3.2
5.8 14.3

8.5

40
41

1.4
2.8

17.3

17.3

15.4

42

o
CO

o
<
00

m
CO
vj
N>

September 1973

A 70

1. SUMMARY OF FLOW OF FUNDS ACCOUNTS FOR THE YEAR 1 9 7 2
(Seasonally adjusted annual rates; in billions of dollars)
Private domestic nonfinancial sectors

Net financial investment (11-12).

11
12

Financial uses
Financial sources.

19.3 .
108.0 .
6.0 .
46.0

-1.8 .

33.2

11.0

68.9

12.8 .
12.8 ,

19
20
21

Time and savings accounts.......................
At commercial banks.............................
At savings institutions...........................

75.8 .
29.8 .
46.0 .

22
23
24

Life insurance reserves
Pension fund reserves.........
In terbank ite m s....................

7.3 .
20.7 .

25

C orporate s h ares.................

-5.9 .

26
27
28
29
30
31
32
33
34

C redit m arket in stru m en ts.....................
U.S. Government securities...............
State and local obligations.................
C orporate and foreign bonds............
H om e m ortgages.................................
O ther m ortgages..................................
C onsum er c red it..................................
Bank loans n.e.c...................................
O ther lo an s...........................................

8.9
4.4
1.3
4.9
-2.2
.2

35
36
37

Security cred it.........................................
To brokers and dealers...................
To o th ers.............................................

38
39

Taxes payable.
Trade c re d it...

40
41

Equity in noncorporate business........
M iscellaneous claim s............................

42

Sector discrepancies (1 -4 )............................

79.1

8.4

.8 .
161.7

11.4

20.1

19.4

.9

6.8 .
6.8 .

85.7 .
39.7 .
46.0 .

3.7
1.3
2.4

11.4
4.6 .

5.1
2.5 .

6.8 .

7.9

.1

.1

6.6

2.1

6.5
-.4 .
.7 .

7.2
17.6
2.0

10.4

.
.
.

38.4 . . . .
1. 2
1.4 . . . . 26.2
19.2 2 . 6
2.9 . . . . 16.5
1
3.3 3.4

-5.0 .
2.7

5

- 1 5 .2 .......

2.6
2.0

75.6

8.4 3.8
8.4 . .

2.4
.4

2.3 17.3 156.4 26.4 6.0
* 17.4 11.1 6.2 -1.4
9.8 .
15.2 6.9
-.6 -.1 43.5 1.2 4.3 .
. 4 ....... 27.6
.5 2.4 .
16.5 .
28.5 6.8
4.2 4.9

4.

8.7
3.9
4.8 .

4.
.6
14.5

.1

15.0 .

1.0 .

Natl,
savings
and invest­
ment

297
. 196.
101.

3.9

-1.1

104.5

373.4

.
.
.
.
.

374.5

4.0
4.4
-.3
-.1

.4

16.4
14.0
.7
1.6

1.8 .
1.8 .

42.3
42.3

.3 46.4 88.7
-.1 ....... 42.3
.4 46.4 46.4

17.2 20.
16.7 18.
-1.0
1.5 1.

7.2 7.3
17.6 20.7
2.0

3.0

69.7
6.5
6.3
1.7
9.0
7.8
10.1
28.5
-.2

12.0 12.0

.
.
.
.

4.3 80.5
5.7 .
3.5 .
13.5
30.2
17.4
6.4 .
3.8

4.8 .
3.9 .

182.5 182.
23.6 23
11.9
20.1
40.7
28.1
19.2
5.9 28.5
2.5 10.4
4.1
4.1

.5 . . . .
-.8 -.

5.6

Discrep­
ancy

S

294.6
295.7
117.4
54.0
118.2
6.0

.1
2.0 12.3 15.4 135.0
4.1
2.1 . .
-.2 11.9 2.1 11.9
4.9 12.2
-2.2 39.
27.6
19.2
19.4
5.0
.1
.1
.

19.8 13.4

6.0
2.1 .

78.3 .

42.3
46.4
.1
3.2

4.6 59.5
- 2 .4
1 . 0 .......
. . . . 12.2

All
sectors

-.4

1.9 20.4
1.9 18.4
.4
1.5
2.6 .
2.6

5.2
1.4
3.8

.4
1.7 .

191.4

-.2

Pvt.
nonbank
finance

U

.4 .
4.2 .

.6

3.1
3.1

Coml.
banking

9.1
2.7
6.4

-19.1

20.1

14.8 .
14.8 .

Mone­
tary
auth.

S

8.4

.
.
.
.
.

1.8 .
1.8 .

credit
agencies

1973

D em and deposits and currency...............
Private dom estic.....................................
U.S. G overnm ent....................................
F o reig n .....................................................

299.4
193.4
105.9
291.9
291.1
117.4
53.6
114.0
6.0

48.6

15
16
17
18

U

5.9

117.5

G old, S D R ’s, and official fgn. exchange
Treasury currency and SD R ctfs..........

Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

102.3
. 87.6
14.8
87.4 .
133.3 .

.
.
.
.

13
14

Total

□ SEPTEM BER

10

206.4
157.8
117.4
34.3
6.1

Total

U

191.2
105.9
85.3

Gross saving......................
C apital consum ption. .
N et saving (1 -2 )...........
Gross investment (5 + 10)...........
Private capital expenditures. . . .
Consum er d u ra b le s................
R esidential co n stru ctio n . . . .
Plant and equ ip m en t.............
Inventory c h an g e....................

S

State
and local
govts.

FUNDS

1
2
3

U

Busi­
ness

8.9
4.1
4.8

8,
4
4.

1.0
20.0 14.
6.0 16.2
-2.3

OF

Transaction
category

House­
holds

U.S.
Govt.

FLOW

Sector

Financial sectors
Rest
of
the
world

3.1

9.3

- 1 . 5 .......

2.3
-.8 .

-5.0 -5.
17.5 20.
3.0 .

5.1

October 1974

1. SUMMARY OF FLOW OF FUNDS ACCOUNTS FOR THE YEAR 1973
oi

(Seasonally adjusted annual rates; in billions of dollars)
Financial sectors

Private domestic nonfinancial sectors

Sector
Trai[isaction
category

Households
U

Gross investment (5+10)
Consumer durables
Residential construction
Plant and equipment
Inventory change

10 Net financial investment (11-12)
11 Financial uses
12 Financial sources

U

229.6
115.7
113.9

1 Gross pving
2
Net saving (1-2)
3
4
5
6
7
8
9

S

State
and local
govts.

Business
S

U

-5.4

61.5

-61.7

-5.4

-5.6

130.8

43.9

7.9

182.6

Demand deposits and currency
Private domestic
U.S. Government
Foreign

13.1
13.1

-.3
-.3

-.3
-.3

19
20
21

Time and savings accounts
A t commercial banks
A t savings institutions

67.7
39.5
28.2

1.4
1.4

7.2
7.2

22
23
24

Life insurance reserves
Pension fund reserves
Interbank items

7.3
24.4

25

Corporate shares

-8.2

35
36
37

Security credit
To brokers and dealers
To others

38
39

Taxes payable
Trade credit

40
41

Equity in noncorporate business
Miscellaneous claims

42

Sector discrepancies (1-4)

Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

U

S

li.i

s
-8.2
-8!2
'.2

2.1 .
188.1

17.4

15.3
-.2

2.5 .

76.3
48.1
28.2

"9.'6
13.8

5.6

7.4

2.8

U

S

.3

.

-1.2
.6

"2^8
3.9 "3.6
*
*

'i.'9

-2.2.

.1
.1

"3.6

1.8

2.9

5.4

2.2 . . . . .
.3

3.4
3.9

- .5

.3 12.6
.3 11.0
-1.0
2.6

.1
9.2 ...
9.3 ...

• •^ • • •

'12.S '27^8 "1.7 "2.2
-3.3

.1

*

1
2
3

7.4
5.0

337.6
339.7
130.3
57.2
136.8
15.4

4
5
6
7
8
9

-2.4

2.4

-2.1

10

2.4

15.3
17.4

11
12

-.2
.4

13
14
.4
.1
.3

15
16
17
18

7.2 7.3 7.3
22.3 24.4 24.4
7.9 7.9

22
23
24

8.0

8.0

25

21.0 231.3 231.3
29.4 29.4
13.7 13.7
"2.3 12.5 12.5
-1.5 41.7 41.7
.3 30.2 30.2
22.9 22.9
52.1 52.1
11.5 28.8 28.8

26
27
28
29
30
31
32
33
34

-4.6 -3.4 -8.2 -8.2
-3.4 -3.4 -3.4
-4.8 -4.8

35
36
37

"".7

-.4

.1

-1.7

38
39

2.8 2.7 - . 1
26.0 23.7 -2.3

-4.4 -4.4
"7]4 32.4 36.7

.'8 ••7.'2 'I7!5
-1.6

344.7
214.1
130.7

19
20
21

86.6 10.6 72.2
.9
-1.3
5.7 .... ^ 3.6
10.9
.5
11.0
26.5
8.8
15.4
9.0
10.6
52.1 " 5^1
- . 8 5.5 "5.9

.1

U

.1 28.1 79.1 79.1
50.9 50.9
.1
* '28.1 28.1 28.1

1.2 13.4

-3.4
-3.2
-.2

Natl,
saving
and investment

337.3
339.7
130.3
57.2
136.8
15.4

15.5 16.0
14.9 15.0
-1.8 -1.5
2.5 2.5

2.0
2.0

-1.% "3 .5 "9.'5 "4.'4

.8

.3

S

Discrepancy

344.7
214.1
130.6

-.2
.4

-8.0 -3.4
-3.2 -3.4
-4.8

-.5

7.4
2.0

50.9
50.9

7.2
22.3
"7!9 7.9

U

422.1
87.7
7.8 ... 100.2
424^6
82! 3
97^3
7.7

.1

9.7 188.3 51.2 20.3 19.6
9.8 10.3 19.6 1.3 19.6
9.3
11.3 "2.3
43.9 -1.5 6^4
28.1
.3 4.0
19.7
52.1 'i3!5
13.7 17.0 ••8;5

-.2

S

All
sectors

5.7
1.4
4.3

6.0
3.0

.1 79.1
.1 50.9
*
28.1

13.4
*

ii.s

.

U

- . 2 ...
.4 ...

2.4 16.0
2.4 15.0
-1.5
2.5

-.2
3.0

.1

S
4.4
1.7
2.7

.1

.1

-.2
.4

*

-.2
-.2

i.'o

209.1

12^6

U

.i
.3

Pvt.
nonbank
finance

Coml.
banks

a S

.2

22.0

-1.8

.7 7.7
.3 .

.6 2.3
" i . ' i 24.1 21.8

13.4

10.5
3.1
7.4

8.7

-4.4 -4.4
11.1 2.9 "7.6 " h'.z "i.'o

-4.4
2.5

S

217.8

-.2
.6

U

4.3

.1
2.1

- . 2 -4.6
-.2
2.3
'24! i 20.1

S

-7.7

-i'.s

2.9 .
2.9 .

.4 12.3 39.3 162.7
18.8
.2
.2 '11.9 4.4 13.7
1.1 9.2
*
- . 9 43.3
1.4 29.8
3.3 22.9
35.8
ii.'3 7.9

- . 2 -4.6
-.2

U

Mone-

4.8

12.5
12.5

-8.2

7.4

Fed. spons.
credit
agencies

Total

13.7
5.0

-7.7

7.3
24.4

29.7 72.8 9.1 77.6
-1.8
20.4
- . 1 "i.'s
4.3
9.2
1.1
-.9
- . 9 '44^2
28.4
1.4 1.4
22.0 "3.3
1.8
'34!6
5.1
2.5 "i'.s

-6.0

u

-A

• 2^5 !

-4.4
1.5 "A

U.S.
Govt.

-.1

2.1 .

15
16
17
18

State and local obligations
Corporate and foreign bonds
Home mortgages
Other mortgages
Consumer credit
Bank loans n.e.c
Other loans

329.1
334.7
130.3
57.0
132.0
15.4

19.5
125.7
15.4

105.5

S
342.5
211.0
131.5

98.8
160.5

Gold and official foreign exchange. . . .
Treasury currency

Credit market instruments

U

235.6
174.1
130.3
37.5
6.3

69.3

Rest
of
the
world

Total

.2

112.6
95.2
17.4

13
14

26
27
28
29
30
31
32
33
34

S

00

7.4

40
41

4^3 ! ! ! ! !
7.4

7.2

42

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