Link to Series in Level 1 Subscription Site Link to Series in Level 2 Subscription Site Link to Series in Level 0 Subscription Site Go to end of data set 1945 04 60-5685·0 1946 04 36-2768·0 1947 04 88-4468·0 1948 04 81-3714·0 1949 04 4-2604·0 1950 04 49-4034.0 1951 04 8-6786.0 1952 01 6-10615.0 1952 02 47-11586·0 1952 03 91-13127.0 1952 04 61-10615.0 1953 01 62-13520.0 1953 02 37-12176·0 1953 03 45-12554·0 1953 04 58-9617·0 1954 01 91-11963·0 1954 02 51-11278·0 1954 03 17-11754·0 1954 04 38-9067·0 1955 01 63-12085.0 1955 02 89-10955.0 1955 03 39-10828.0 1955 04 65-7647·0 1956 01 73-10325·0 1956 02 75-9740.0 1956 03 66-11358.0 1956 04 24-8807.0 1957 01 39-11603.0 1957 02 62-11370·0 1957 03 82-11817·0 1957 04 31-6989·0 1958 01 6-11799.0 1958 02 23-10074·0 1958 03 92-11410.0 1958 04 22-7833.0 1959 01 42-9351.0 1959 02 59-9064.0 1959 03 29-10260·0 1959 04 60-6569·0 1960 01 43-9589.0 1960 02 96-8455·0 1960 03 48-10106·0 1960 04 34-6813·0 1961 01 26-9571.0 1961 02 85-10547·0 1961 03 32-12344.0 1961 04 56-8906.0 1962 01 37-11162.0 1962 02 0-10961.0 1962 03 87-11972.0 1962 04 64-8797.0 1963 01 44-11593·0 1963 02 41-12300.0 1963 03 44-13126.0 1963 04 21-8633.0 1964 01 42-12723.0 1964 02 35-12823·0 1964 03 61-15033·0 1964 04 14-9844.0 1965 01 49-12672·0 1965 02 32-13166·0 1965 03 19-15352·0 1965 04 58-10799·0 1966 01 10-15566·0 1966 02 7-17679·0 1966 03 25-20471.0 1966 04 89-15396·0 1967 01 93-20771·0 1967 02 60-21100·0 1967 03 10-22805·0 1967 04 70-17854·0 1968 01 94-22916.0 1968 02 17-23669·0 1968 03 31-24477·0 1968 04 90-21200·0 1969 01 31-26852.0 1969 02 28-27912·0 1969 03 70-30161·0 1969 04 62-24474.0 1970 01 48-30011·0 1970 02 69-29238.0 1970 03 33-29556.0 1970 04 22-23249.0 1971 01 15-25848.0 1971 02 40-26023·0 1971 03 52-27407·0 1971 04 35-19721.0 1972 01 25-27140.0 1972 02 66-29793·0 1972 03 83-28384·0 1972 04 87-21047·0 1973 01 98-27328.0 1973 02 98-24860·0 1973 03 9-25851·0 1973 04 93-10381·0 1974 01 78-21004.0 1974 02 11-24570·0 1974 03 35-22463·0 1974 04 89-41859·0 1975 01 33-67104.0 1975 02 6-72629.0 1975 03 94-77150.0 1975 04 39-50943.0 1976 01 59-76249·0 1976 02 8-81339·0 1976 03 42-87323.0 1976 04 30-59077.0 1977 01 75-77508·0 1977 02 67-81220.0 1977 03 61-93892.0 1977 04 76-69408·0 1978 01 23-88094·0 1978 02 59-100001·0 1978 03 57-119929·0 1978 04 14-86107·0 1979 01 75-111865.0 1979 02 84-118695·0 1979 03 62-131169.0 1979 04 7-98193·0 1980 01 23-127000·0 1980 02 67-137020.0 1980 03 32-146827.0 1980 04 43-121101.0 1981 01 86-141121.0 1981 02 60-150498.0 1981 03 50-167854.0 1981 04 36-134236·0 1982 01 10-153650.0 1982 02 36-155989·0 1982 03 22-162565.0 1982 04 22-122069·0 1983 01 63-151229.0 1983 02 98-167887.0 1983 03 80-199902·0 1983 04 65-168844.0 1984 01 39-197162·0 1984 02 69-209042.0 1984 03 79-232488·0 1984 04 53-198500·0 1985 01 58-232052.0 1985 02 1-234305·0 1985 03 3-244697.0 1985 04 98-193396.0 1986 01 63-228431·0 1986 02 69-249502·0 1986 03 57-258889.0 1986 04 38-203393.0 1987 01 24-227764·0 1987 02 73-247402·0 1987 03 73-256434·0 1987 04 37-254282.0 1988 01 35-281416·0 1988 02 39-311951·0 1988 03 8-328159.0 1988 04 83-288981.0 1989 01 14-313935.0 1989 02 17-334009·0 1989 03 44-340787.0 1989 04 87-295618.0 1990 01 7-319603.0 1990 02 82-349810·0 1990 03 86-366100·0 1990 04 88-304949·0 1991 01 82-318620·0 1991 02 35-332928·0 1991 03 67-330833·0 1991 04 50-259729·0 1992 01 34-294835·0 1992 02 2-314544.0 1992 03 44-314000·0 1992 04 59-241466·0 1993 01 81-285130·0 1993 02 32-308967·0 1993 03 97-321928.0 1993 04 28-233737·0 1994 01 67-275326.0 1994 02 1-296839.0 1994 03 34-300164.0 1994 04 96-232094·0 1995 01 63-265279.0 1995 02 9-275477.0 1995 03 87-291871·0 1995 04 26-234600·0 1996 01 61-282416.0 1996 02 82-302373.0 1996 03 11-341279·0 1996 04 5-265701·0 1997 01 82-321404·0 1997 02 70-360853·0 1997 03 89-361698·0 1997 04 46-297608.0 1998 01 69-325442.0 1998 02 49-362469·0 1998 03 27-387168.0 1998 04 88-322836.0 1999 01 91-364546.0 1999 02 19-380527·0 1999 03 57-381007.0 1999 04 92-304141.0 2000 01 42-340385.0 2000 02 5-368239·0 2000 03 35-376092·0 2000 04 48-296461·0 2001 01 43-343257.0 2001 02 58-374927.0 2001 03 44-369610.0 2001 04 67-280912.0 2002 01 36-315677·0 2002 02 53-337324.0 2002 03 89-280005.0 2002 04 88-117998·0 2003 01 91-231434.0 2003 02 90-226858.0 2003 03 2-187337·0 2003 04 73-90919·0 2004 01 2-147518·0 2004 02 95-201161.0 2004 03 41-191733·0 2004 04 11-92918.0 2005 01 89-155947.0 2005 02 19-195039.0 2005 03 86-194755·0 2005 04 14-144774·0 2006 01 94-210387·0 2006 02 36-205994·0 2006 03 45-168602.0 2006 04 21-8562.0 2007 01 89-66718.0 2007 02 48-97735.0 2007 03 48-125899·0 2007 04 93-64391·0 2008 01 66-114540·0 2008 02 79-132290.0 2008 03 53-110509.0 2008 04 20-43397.0 2009 01 44-77086.0 2009 02 79-91552.0 2009 03 42-35781·0 2009 04 1478883·0 2010 01 6926750.0 2010 02 25-10598.0 2010 03 205220.0 2010 04 1275259·0 2011 01 96962.0 2011 02 17-43263·0 2011 03 20-49191·0 2011 04 7837180·0 2012 01 58-12161.0 2012 02 80-19206·0 2012 03 98-13608·0 2012 04 088846·0 2013 01 35-15450·0 2013 02 64-88220·0 2013 03 35-106439·0 2013 04 90-61957·0 2014 01 85-112272.0 2014 02 44-134382·0 2014 03 39-106533·0 2014 04 87-11942.0 2015 01 76-68693·0 2015 02 22-92609.0 2015 03 42-68852·0 2015 04 5322040·0 2016 01 3-27238·0 2016 02 23-49225·0 2016 03 99-28479.0 2016 04 7650497·0 2017 01 85-9515·0
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Similar Series
Data Headings
F.1 Total Credit Market Borrowing and Lending
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.2 Credit Market Borrowing by Nonfinancial Sectors
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.3 Credit Market Borrowing by Financial Sectors
Billions of dollars; quarterly figures are seasonally adjusted annual ratesF.4 Credit Market Borrowing, All Sectors, by Instrument
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Funds raised through corporate equities and mutual fund shares
F.5 Net Increase in Liabilities and Its Relation to Net Acquisition of Financial Assets
Net flows through credit markets
Billions of dollars; quarterly figures are seasonally adjusted annual rates
L.1 Credit Market Debt Outstanding
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
L.2 Credit Market Debt Owed by Nonfinancial Sectors
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
L.3 Credit Market Debt Owed by Financial Sectors
Billions of dollars; amounts outstanding end of period, not seasonally adjustedL.4 Credit Market Debt, All Sectors, by Instrument
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Selected claims not included above:
L.5 Total Liabilities and Its Relation to Total Financial Assets
Total credit market debt
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
liabilities:
F.6 Distribution of Gross Domestic Product
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Component of personal outlays, found on table F.101, line 4.
(3) Structures, equipment, and intellectual property products.
(4) Government inventory investment is included in consumption expenditures.
F.7 Distribution of National Income
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Calculation of Gross Domestic Product
from National Income: (2)
(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
F.8 Saving and Investment by Sector
Billions of dollars; quarterly figures are seasonally adjusted annual rates
United States jointly compiled by the Federal Reserve Board and the Bureau of Economic Analysis.
(2) Consists of net capital transfers shown on table F.9 and the acquisition of nonproduced nonfinancial assets (net) shown on table F.6.
(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
F.9 Net Capital Transfers
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Financial Accounts of the United States.
F.10 Derivation of Measures of Personal Saving
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 13), life insurance reserves (line 14), and pension entitlements (line 15).
(3) Line 17 less line 23.
(4) Table F.9, line 59 plus line 63.
(5) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
(6) Line 45 and 46 are conceptually equivalent but measure saving using different data.
Line 45 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 43) and
including contributions for government social insurance to U.S.-affiliated areas, plus net investment in nonfinancial assets net of consumer durables (line 27 less line 42) less net increase in liabilities (line 33)
plus net capital transfers paid (line 40). Personal savings, NIPA concept (NIPA) (line 46) is disposable personal income (line 48) less personal outlays (table F.101, line 4).
L.10 Assets and Liabilities of the Personal Sector
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 13), life insurance reserves (line 14), and pension entitlements (line 15).
F.100 Domestic Nonfinancial Sectors
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.101 Households and Nonprofit Organizations
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Supplementary tables (tables F.101.a and L.101.a) show estimates of annual flows and year-end
outstandings of nonprofit organizations.
(2) See table F.10 for derivation of alternative measures of personal saving.
(3) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
(4) Table F.9, line 63.
(5) Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.
(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 34) and life insurance reserves (line 36), and pension entitlements (line 37).
(7) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes social security.
(8) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table F.218, line 24.
(9) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.109, line 21.
F.102 Nonfinancial Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.103 Nonfinancial Corporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Table F.9, line 58.
(3) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 10 and 15 respectively.
(4) 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.
(5) 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.
(6) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table F.216.
(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
F.104 Nonfinancial Noncorporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 11 and 16 respectively.
(3) Equity in the Farm Credit System.
F.105 General Government
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
Saving transferred to the households and nonprofit organizations sector.
Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.
(3) Table F.9, line 60 less line 12.
(4) Excludes Treasury securities held by state and local governments (line 33) and federal government loans to state and local governments (line 55).
F.106 Federal Government
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Table F.9, line 61 less line 12.
(3) Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that
the government purchased from depository institutions and finance companies.
(4) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at issuance price.
(5) 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.
(6) Time and savings deposits (line 29) plus checkable deposits and currency at the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
F.107 State and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Table F.9, line 62.
(3) Debt with original maturity of 13 months or less.
(4) Included in miscellaneous liabilities.
F.108 Financial Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.109 Monetary Authority
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Shown on table F.203.
(3) Federal Reserve loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.
(4) Federal Reserve loans extended to U.S.-chartered depository institutions through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
(5) Loans extended to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF).
(6) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and AMLF.
(7) Loan extended by the Federal Reserve to Maiden Lane LLC to facilitate the arrangements associated with JPMorgan Chase & Co.’s acquisition of Bear Stearns Companies, Inc.
(8) Loan extended by the Federal Reserve to Maiden Lane II LLC to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of AIG subsidiaries.
(9) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts.
(10) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC.
(11)
Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance
Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.
(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
(13) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).
F.110 Private Depository Institutions
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Net capital transfers paid from table F.9, line 54.
(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 nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
F.111 U.S.-Chartered Depository Institutions
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) 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 nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
F.112 Foreign Banking Offices in U.S. (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.113 Banks in U.S.-Affiliated Areas (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.114 Credit Unions
Billions of dollars; quarterly figures are seasonally adjusted annual ratesF.115 Property-Casualty Insurance Companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.116 Life Insurance Companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 33.
(3) Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.
F.116.g Life Insurance Companies: General Accounts
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.116.s Life Insurance Companies: Separate Accounts
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.117 Private and Public Pension Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Includes claims on sponsor (i.e., unfunded pension entitlements).
(3) Assets of pension plans held at life insurance companies; series begins 1985:Q4.
(4) 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.
(5) Unfunded defined benefit pension entitlements.
(6) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
(7) Households’ retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
(8) IRA assets are not included above. See memo item on table F.226 for a sectoral distribution of IRA accounts.
(9) Annuities held in IRAs at life insurance companies are excluded. They are included in line 26.
F.118 Private Pension Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Net acquisition of financial assets (6)
(2) Includes claims on sponsor (i.e., unfunded pension entitlements).
(3) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.
(4) Unfunded defined benefit pension entitlements.
(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
(6) Additional detail on defined benefit plans and defined contribution plans is available on tables F.118.b and F.118.c.
F.118.b Private Pension Funds: Defined Benefit Plans
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.
(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
(4) Actuarial value of accrued defined benefit pension entitlements.
F.118.c Private Pension Funds: Defined Contribution Plans
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.
F.119 Federal Government Employee Retirement Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Net acquisition of financial assets (6)
(2) Includes nonmarketable Treasury securities held by the Thrift Savings Plan.
(3) 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.
(4) Unfunded defined benefit pension entitlements and suspended investments in the Thrift Savings Plan G Fund by the Treasury.
(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans, including suspended investments in the Thrift Savings Plan G Fund.
These liabilities are assets of the household sector.
(6) Additional detail on defined benefit plans and defined contribution plans is available on tables F.119.b and F.119.c.
F.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans
Billions of dollars; quarterly figures are seasonally adjusted annual rates
disability fund, and the National Railroad Investment Trust.
(2) Includes claims on sponsor (i.e., unfunded pension entitlements).
(3) 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.
(4) Unfunded defined benefit pension entitlements.
(5) Actuarial value of accrued pension entitlements in defined benefit plans. These liabilities are assets of the household sector.
F.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Includes nonmarketable and marketable Treasury securities held by the Thrift Savings Plan G and F funds.
(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
F.120 State and Local Government Employee Retirement Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Assets of defined contribution funds held at life insurance companies.
(3) Unfunded defined benefit pension entitlements.
(4) Actuarial value of accrued pension entitlements. These liabilities are assets of the household sector.
(5) Additional detail on defined benefit plans and defined contribution plans is available on tables F.120.b and F.120.c.
F.120.b State and Local Government Employee Retirement Funds: Defined Benefit Plans
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Unfunded defined benefit pension entitlements.
(3) Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.
F.120.c State and Local Government Employee Retirement Funds: Defined Contribution Plans
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Assets held at life insurance companies.
F.121 Money Market Mutual Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.122 Mutual Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.123 Closed-End and Exchange-Traded Funds
Closed-end funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.124 Government-Sponsored Enterprises
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table F.125) are consolidated on
Fannie Mae’s and Freddie Mac’s balance sheets.
(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.
(3) Sallie Mae student loans.
(4) Such issues are classified as agency- and GSE-backed securities.
F.125 Agency- and GSE-Backed Mortgage Pools
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on
Fannie Mae’s and Freddie Mac’s balance sheets (table F.124). Also includes agency- and GSE-backed mortgage pool securities that 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.
(2) Such issues are classified as agency- and GSE-backed securities.
F.126 Issuers of Asset-Backed Securities (ABS)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Securitized assets not included above
(2) Mortgages backing privately issued pool securities and privately issued CMOs.
(3) Net issuance less net acquisition of corporate bonds held as assets.
(4) 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 nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
(5) Included in table F.128.
F.127 Finance Companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) See footnote (4), table F.126.
F.128 Real Estate Investment Trusts (REITs)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.128.e Equity Real Estate Investment Trusts
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.128.m Mortgage Real Estate Investment Trusts
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.129 Security Brokers and Dealers
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.130 Holding Companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.131 Funding Corporations
Billions of dollars; quarterly figures are seasonally adjusted annual rates
the Public-Private Investment Program (PPIP).
(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.
(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).
(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) LLC and to funds associated with PPIP.
(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in
AIA Aurora LLC and ALICO Holdings LLC.
F.132 Rest of the World
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Line 1 minus line 5 minus line 8; equals net lending (+) or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 54 with the sign reversed minus line 8.
(3) U.S. net sales, sign reversed.
(4) 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.
(5) Direct investment is valued on a current-cost basis. Excludes capital gains and losses.
(6) Includes American Depositary Receipts (ADRs).
(7) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
F.200 U.S. Official Reserve Assets and SDR Allocations (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,
and the counterparts are recorded as decreases (increases) in assets of the rest of the world.
F.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency
SDR certificates:
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.203 Net Interbank Transactions
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Vault cash:
(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above.
However, the unallocated amount (line 44), which is due to inconsistencies
in source data, appears on line 13 as the discrepancy between liabilities and assets.
(3) Sum of lines 40, 41, 42, and 44.
F.204 Checkable Deposits and Currency
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.205 Time and Savings Deposits
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.206 Money Market Mutual Fund Shares
Billions of dollars; quarterly figures are seasonally adjusted annual ratesF.207 Federal Funds and Security Repurchase Agreements
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Federal Reserve’s reverse repurchase agreement operations: (4)
2010:Q4 for credit unions, and 2000:Q1 for FHLB.
(2) Excludes term federal funds.
(3) Includes term federal funds.
(4) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).
(5) Included in line 2.
(6) Included in line 32.
(7) Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
F.208 Open Market Paper
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.209 Treasury Securities
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Total issues of Treasury securities (line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 11).
F.210 Agency- and GSE-Backed Securities
Billions of dollars; quarterly figures are seasonally adjusted annual rates
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 Fannie Mae and FHLB;
and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered
officially to be part of the total borrowing of the federal government, which is shown in table F.209, line 43.
F.211 Municipal Securities and Loans
Billions of dollars; quarterly figures are seasonally adjusted annual rates
7 FA383162005 Net change in assets -52.8 -4.9 -43.2 -18.8 7
8 FA153062005 Household sector -65.4 -143.6 -44.0 -78.1 8
9 FA103062003 Nonfinancial corporate business -1.6 0.6 -11.4 -1.8 9
10 FA113062003 Nonfinancial noncorporate business 0.1 0.1 0.1 0.2 10
11 FA213062003 State and local governments 0.2 0.3 0.2 0.0 11
12 FA763062000 U.S.-chartered depository institutions 42.6 67.8 53.8 32.7 12
13 FA753062003 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 13
14 FA743062003 Banks in U.S.-affiliated areas 0.9 -0.8 0.9 -0.9 14
15 FA473062003 Credit unions 3.2 1.0 0.3 -0.8 15
16 FA513062003 Property-casualty insurance companies -17.4 -2.9 -2.3 0.6 16
17 FA543062005 Life insurance companies 9.4 9.7 10.1 7.7 17
18 FA223062005 State and local govt. retirement funds -0.7 -0.7 0.2 -0.1 18
19 FA633062000 Money market mutual funds -29.4 -20.6 -28.3 -26.7 19
20 FA653062003 Mutual funds 15.7 86.2 -13.5 44.5 20
21 FA553062003 Closed-end funds 0.9 3.4 -1.6 0.5 21
22 FA563062003 Exchange-traded funds 1.0 3.6 -0.8 3.2 22
23 FA403062005 Government-sponsored enterprises -3.9 -4.1 -3.5 -2.8 23
24 FA663062003 Brokers and dealers -9.1 -4.3 -8.0 0.2 24
25 FA263062003 Rest of the world 0.6 -0.6 4.3 2.7 25
(1) Debt with original maturity of 13 months or less.
(2) Liability of the households and nonprofit organizations sector (tables F.101 and L.101).
F.212 Corporate and Foreign Bonds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Net purchases of foreign issues by U.S. residents.
(3) For some sectors, purchases of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately
issued asset-backed bonds.
(4) Net purchases of U.S. issues by foreign residents.
F.213 Corporate Equities
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.
(3) Net purchases of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).
(4) Net purchases of U.S. issues by foreign residents.
F.214 Mutual Fund Shares
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.215 Depository Institution Loans Not Elsewhere Classified
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table F.109.
F.216 Other Loans and Advances
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
F.217 Total Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.218 Home Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Charge-offs are excluded from the flow (line 1) and are accounted for as other changes in volume. Quarterly figures are shown at an unadjusted quarterly rate. Data begin 2007:Q1.
(3) Loans made under home equity lines of credit and home equity loans secured by junior liens.
Excludes home equity loans held by individuals. Home equity loans
held by U.S.-chartered depository institutions exclude charge-offs.
F.219 Multifamily Residential Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual ratesF.220 Commercial Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.221 Farm Mortgages
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.222 Consumer Credit
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program
loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.
(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.
(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and
finance companies (part of line 11). Data begin in 2006:Q1.
(5) Includes student loans before 2006:Q1.
F.223 Trade Credit
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.224 Security Credit
Billions of dollars; quarterly figures are seasonally adjusted annual ratesF.225 Life Insurance Reserves
Billions of dollars; quarterly figures are seasonally adjusted annual ratesF.226 Pension Entitlements
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Includes unallocated insurance company contracts beginning 1985:Q4.
(3) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.
(4) Excludes all individual retirement accounts (IRAs), except those at life insurance companies.
(5) Assets of the household sector (F.101).
Figures for depositories (lines 8 and 9) include Keogh accounts. Variable annuities in IRAs are included in the life insurance sector (line 10)
and excluded from the money market mutual fund and mutual fund sectors (lines 11 and 12).
F.227 Taxes Payable by Businesses
Billions of dollars; quarterly figures are seasonally adjusted annual rates
F.228 Proprietors’ Equity in Noncorporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual ratesF.229 Direct Investment
U.S. direct investment abroad:
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Direct investment, asset/liability presentation:
(2) Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
F.230 Total Miscellaneous Financial Claims
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.231 Identified Miscellaneous Financial Claims
Federal government equity in IBRD, etc.:
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts-are
not available before 1982.
(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
F.232 Identified Miscellaneous Financial Claims
Nonofficial foreign currencies:
Billions of dollars; quarterly figures are seasonally adjusted annual rates
(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
(3) Assets of the household sector.
F.233 Unidentified Miscellaneous Financial Claims
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.11 Sector Discrepancies
Billions of dollars; quarterly figures are seasonally adjusted annual rates F.12 Instrument Discrepancies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
L.100 Domestic Nonfinancial Sectors
Billions of dollars; amounts outstanding end of period, not sea