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10 FEBRUARY 1976 GOVERNMENTS
UNADJUSTED NET FLOWS
SECTOR STATEMENTS OF SAVING AND INVESTMENT
1975 UNADJUSTED NET FLOWS (* MILL.) I II III IV
YEAR TOTALS ($ BILL.) 1964 1965 1966
GOVERNMENTS
UNADJUSTED NET FLOWS
1967 1968
STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS
1 TOTAL RECEIPTS, NIA BASIS 2 TAX RECEIPTS 3 SOCIAL INSURANCE RECEIPTS 4 GRANTS IN AID RECEIVED
5 TOTAL EXPENDITURES, NIA BASIS 6 PURCH. OF GOODS + SERVICES 7 NET INTEREST + TRANSFERS 8 NET SURPLUS, NIA BASIS 9 - RETIREMENT CREDIT TO HH 10 = GROSS SAVING
11 NET FINANCIAL INVESTMENT 12 NET ACQ. OF FINANCIAL ASSETS 13 DEMAND DEP. • CURRENCY 14 TIME DEPOSITS
15 CREDIT MARKET INSTRUMENTS 16 U.S. GOVT. SECURITIES 17 DIRECT 18 U.S. GOVT. AGENCY SEC.
19 S. + L. OBLIGATIONS 20 HOME MORTGAGES 21 TAXES RECEIVABLE
22 NET INCREASE IN LIABILITIES 23 CREDIT MARKET BORROWING 24 S. + L. OBLIGATIONS 25 SHORT-TERM 26 OTHER
27 U.S. GOVERNMENT LOANS 28 TRADE DEBT
29 DISCREPANCY 2 .146 3.223 -350 EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR.
53.330 37.482
3.575 12.273
52.684 49.284
3.400 646
2.470 -1.824
-3 .970 -460
-1.410 -1.422
2.316 2.334 1.559
775
- 1 9 1
56
3.510 3.275 3.201
107 3.094
74 235
57.868 40.477
3.675 13.716
55.367 51.867
3.500 2.501 4.173
-1.672
-4 .895 -473
1.233 -446
-1.317 -1.116
-308 -808
-203 2
57
4.422 4.198 4.178
669 3.509
20 224
55.209 37.304 3.750
14.155
57.250 53.500 3.750
-2 .041 2.170
-4.211
-3 .861 -2 54
-1.441 -841
1.776 1.671 1.587
84
103 2
252
3.607 3.380 3.214
-2.311 5.525
166 227
65.968 48.087
3.825 14.056
57.149 53.199 3.950 8.819 3.811 5.008
3.113 5.723 1.763
738
2.939 2.930 2.190
740
6 3
283
2.610 2.386 2.211
-520 2.731
175 2 2 4
58.5 4 6 . 7
3 . 9 8 . 0
58 .0 54 .3
3 . 7 . 5
2 . 4 - 1 . 9
- 3 . 5 2 . 5
. 5 1 . 0
. 8
. 9 1 . 1 - . 1
- . 2 . 1 . 1
6 . 0 5 . 9 5 . 4
* 5 . 4
. 5
. 1
63.2 49 .9
4 . 2 9 . 1
62 .8 59 .0
3 . 7 . 5
2 . 6 - 2 . 1
- 2 . 1 4 . 1 1 . 5 1 . 6
. 8
. 9
. 7
. 2
- . 2 . 1 . 2
6 . 2 6 . 0 5 . 7
. 4 5 . 3
. 2
. 2
69.5 54 .4
4 . 7 10.4
68 .5 64 .6
3 . 9 1 . 0 3 . 0
- 2 . 0
- 3 . 3 3 . 2 1 . 6 1 . 7
- . 3 - . 1
* - . 2
- . 1
* . 1
6 . 5 6 . 3 6 . 0
. 8 5 . 2
. 3
. 3
7 5 . 1 59 .0
5 . 0 1 1 . 1
7 5 . 1 7 1 . 1
4 . 1
* 3 . 3 - 3 . 3
- 3 . 2 4 . 8 - . 4 2 . 4
2 . 8 2 . 8 2 . 8
* - . 1
* . 1
8 . 0 7 . 7 7 . 3
. 6 6 . 7
. 3
. 4
84.8 6 4 . 7
5 . 7 14 .4
84 .3 79 .8
4 . 5 . 5
4 . 2 - 3 . 7
- 2 . 8 4 . 0
. 8 1 . 3
1 . 8 1 . 9 2 . 5 - . 6
* * . 1
6 . 8 6 . 3 5 . 6
. 7 5 . 0
. 6
. 5
9 3 . 6 7 1 . 0
6 . 7 15.9
9 4 . 7 89 .3
5 . 4 - 1 . 1
4 . 1 - 5 . 2
- 5 . 1 3 . 4 1 . 2 2 . 4
- . 3 - . 4 - . 8
. 4
_ •
. 2
8 . 6 7 . 9 7 . 8 1 . 8 5 - 9
. 2
. 6
107 .2 1 81.4 2
7 .2 3 18.6 4
106 .9 5 100 .7 6
6 .2 7 . 3 8
4 . 8 9 - 4 . 5 10
- 4 . 9 11 5.6 12 - . 2 13 3 .2 14
2 . 3 15 2 .2 16 - . 5 17 2 .7 18
* 19 . 1 20 .3 21
10 .4 22 9 . 8 23 9 .5 24
. 1 25 9 . 4 26
.3 27
.6 28
1 TOTAL RECEIPTS, NIA BASIS 2 PERSONAL TAXES 3 CORP. PROFITS TAX ACCRUALS 4 INDIRECT TAXES 5 SOCIAL INSURANCE RECEIPTS
6 TOTAL EXPENDITURES, NIA BASIS 7 GOODS + SERVICES 8 TRANSFERS, ETC. 9 NET INTEREST 10 NET SURPLUS, NIA BASIS 11 - INSURANCE CREDITS TO HH 12 = GROSS SAVING
13 NET FINANCIAL INVESTMENT 14 NET ACQ. OF FINANCIAL ASSETS 15 GOLD, SDR»S + OFF FGN EXCH 16 DEMAND DEPOSITS + CURRENCY 17 TIME DEPOSITS 18 CREDIT MARKET INSTRUMENTS 19 SPONSORED AGENCY ISSUES 20 HOME MORTGAGES 21 OTHER MORTGAGES 22 OTHER LOANS 23 TAXES RECEIVABLE 24 TRADE CREDIT 25 MISCELLANEOUS
26 NET INCREASE IN LIABILITIES 27 TREASURY CURR. • SDR CTFS 28 CREDIT MARKET INSTRUMENTS 29 SAVINGS BONDS 30 DIRECT EXCL. SVGS. BONDS 31 AGENCY ISSUES • MTGS. 32 LIFE + RETIREMENT RESERVES 33 TRADE DEBT 34 MISCELLANEOUS
35 DISCREPANCY 36 MEMO: CORP. TAX RECEIPTS, NET
71.686 32 .421
7 .647 5.562
26 .056
83.576 29 .546 48 .390
5.640 - 1 1 . 8 9 0
-388 - 1 1 . 5 0 2
- 1 5 . 3 4 6 i 3 .060 \ 259 ' 693
1 7 3 4 .167
4 1.382
7 3 6 2.045
- 2 . 5 2 1 1 1 9 1 7 0
18.406 1 6 7
1 9 . 2 * 5 1 .011
; 18.734 -500
> -388 - 2 4 1 -377
3 .844 10.168
65 .731 24 .518
9 . 2 5 1 5.818
26.144
88 .454 30 .730 52.190
5.534 - 2 2 . 7 2 3
5.065 - 2 7 . 7 8 8
- 2 6 . 0 3 1 - 3 . 7 8 4
4 0 2.343
-158 1.156
0 1.123
1 6 2 -129
- 7 . 8 3 0 5 2 0 1 4 5
22.247 3 1 1
16.615 1 .081
15.623 - 8 9
5.065 1 1 3 1 4 3
- 1 . 7 5 7 17 .081
75.325 36 .512 10.390
6 . 3 52 22 .071
90 .929 29 .773 55.153
6 .003 - 1 5 . 6 0 4
- 1 . 0 5 3 - 1 4 . 5 5 1
- 1 5 . 6 1 1 6 .630
1 1 3 1.751
1 5 8 2.982
- 1 2 1.258
7 7 2 9 6 4
1.025 4 0 7 1 9 4
22 .241 1 9 9
2 3 . 4 5 1 9 7 7
22.498 - 2 4
- 1 . 0 5 3 9
-365
1.060 9 .365
U . S
70.755 32 .199 12.909
6 .443 19.204
93.916 33 .101 54 .467
6 .348 - 2 3 . 1 6 1
9 0 - 2 3 . 2 5 1
- 2 2 . 2 4 8 4 .387
6 2 - 1 . 9 0 9
- 6 0 2 .274
0 1.100
7 7 7 3 9 7
3.400 4 9 1 1 2 9
26.635 2 6 0
25.906 9 6 0
24.965 - 1 9
9 0 5 1 4
-135
- 1 . 0 0 3 9 .509
FEDERALLY
. GOVERNMENT
106 .2 48 .6 22 .5 14 .6 20 .5
110.4 63 .7 39 .9
6 . 8 - 4 . 2
1 . 1 - 5 . 4
- 4 . 9 3 . 4 - . 7
. 9
* 2 . 0
* • 1
* 1 . 9 . 6 . 2 . 4
8 . 3
* 7 . 0 . 4
5 . 8 . 8
1 . 1 . 3
- . 1
- . 5 21.9
114 .4 51.5 24 .6 15.3 2 3 . 1
114.2 64 .6 42 .2
7 . 3 . 3
1 . 3 - 1 . 0
- 1 . 1 3 . 9
* - . 4
* 1 . 5
* - . 4
* 1 . 9 1 . 8
. 5
. 5
4 . 9
* 4 . 0 1 . 2 2 . 9 - . 1 1 . 3 - . 1 - . 3
* 22.8
114 .9 48 .6 2 6 . 1 16.2 24 .0
118.2 65 .2 45 .0
8 . 0 - 3 . 3
1 . 4 - 4 . 6
- 2 . 9 4 . 2 - . 2
. 6
* 2 . 8
* - . 1
* 2 . 9 . 8 . 2
* 7 . 1
* 6 . 3 . 9
4 . 5 . 9
1 . 4 - . 2 - . 3
- 1 . 7 25 .3
SPONSORED CREDIT AGENCIES
124 .3 53 .9 2 8 . 9 16.5 25 .0
123.8 6 7 . 3 4 8 . 2
8 . 4 . 5
1 . 4 - . 9
- 1 . 2 2 . 7
. 1 - 1 . 4
* 2 . 8
* - . 1
* 2 . 9 . 8 . 4
* 3 . 9
. 2 1 . 8
. 6
. 7
. 5 1 . 4
. 5 - . 1
. 3 2 8 . 1
141 .8 61 .7 3 1 . 4 15.6 3 3 . 1
143 .6 78 .8 55 .6
9 . 2 - 1 . 8
1 . 4 - 3 . 1
- 1 . 4 4 . 8 - . 2 - . 1
* 4 . 9 1 . 3
. 6
. 2 2 . 8
- 1 . 4 1 . 2
. 4
6 . 2 . 9
3 . 6 . 7
1 . 7 1 . 3 1 . 4
. 7 - . 4
- 1 . 8 32.6
150.5 67 .5 30 .0 16 .3 36 .7
163 .7 9 0 . 9 6 2 . 9
9 . 8 - 1 3 . 2
1 . 4 - 1 4 . 6
- 1 3 . 5 2 . 2
. 4 1 . 0
* 4 . 6 - . 1
. 7
. 2 3 . 8
- 5 . 1 1 . 5 - . 1
15.7 . 7
13 .0 . 9
8 . 0 4 . 1 1 . 4
. 6
. 1
- 1 . 1 3 5 . 1
174 .7 1 79.6 2 36 .3 3 18.0 4 40 .8 5
180.6 6 9 8 . 0 7 71 .2 8 11 .4 9 - 5 . 8 10
1.3 11 - 7 . 1 12
- 8 . 8 13 7 .0 14 2 . 0 15
- 1 . 7 16 .1 17
4 . 9 18 . 1 19 .8 20 . 3 21
3 .7 22 1.3 23
.6 24 - . 2 25
15 .9 26 . 4 27
13.4 28 . 4 29
9 . 9 30 3 . 1 31 1.3 32
* 33 .7 34
1.7 35 35 .0 36
1 CURRENT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY 4 CREDIT MARKET INSTRUMENTS 5 U.S. GOVERNMENT SECURITIES 6. RESIDENTIAL MORTGAGES (1) 7 FARM MORTGAGES 8 OTHER LOANS 9 TO COOPS (BC) 10 TO FARMERS (FICB) 11 TO S+L'S CFHLB) 12 MISCELLANEOUS ASSETS
13 NET INCREASE IN LIABILITIES 14 CREDIT MARKET INSTRUMENTS 15 SPONS. AGENCY ISSUES < 1) 16 U.S. GOVERNMENT LOANS 17 MISCELLANEOUS LIABILITIES 18 DISCREPANCY
( 1 ) ALL GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS ARE INCLUDED IN AGENCY SECURITIES. THE MORTGAGE POOLS ARE INCLUDED IN RESIDENTIAL MORTGAGES.
I V / 7 5 BASED ON INCOMPLETE AND PRELIMINARY INFORMATION.
2 .587 - 5 0
2.702 3 .468 1.968
7 7 7 •3 .511
-142 2 7 1
-3.640 - 6 5
2.525 2 .056 1.798
2 5 8 4 6 9
7 0
2 .327 1
2 .618 -442
2 .786 7 9 5
- 5 2 1 - 6 2 9 0 2
- 1 . 3 6 1 -292
2 . 0 9 1 2 .338 2 .044
2 9 4 - 247 -110
2.105 - 5 4
1.788 - 2 . 1 6 1
2 .553 6 0 9 7 8 7 1 2 9 - 2 1 6 7 9 3 7 1
1.909 2 .519 2 .358
1 6 1 -610
- 7 1
3 .960 1 0 4
4 .434 1 5 8
2 .918 4 8 6 8 7 2 4 7 9 - 1 0 4 0 3
- 578
3 .952 3 .398 3 .872
-474 5 5 4 1 2 4
1 .6 . 4
* . 2 1 . 0
* . 2 . 8
* 1 .6 1 . 5 1 . 5
* . 1
*
1 . 6 . 4
- . 8 . 3
1 . 7 . 1 . 3
1 . 3 - . 1
1 . 4 1 . 4 1 . 5 - . 1 - . 1
*
. 7 - . 4 - . 1
. 4
. 8
. 1
. 1
. 5
* . 7 . 5 . 4 . 1 . 1
*
2 . 2 . 1 . 5 . 6
1 . 0 . 1 . 3 . 7 . 1
2 . 2 2 . 1 1 . 9
. 2
. 1
*
5 . 1 1 . 0 1 . 9
. 7 1 . 6
. 2
. 4
. 9 - . 1
5 . 0 4 . 8 5 . 1 - . 2
. 2
. 1
- . 1
* 1 . 1 . 7
- 1 . 8 . 2 . 5
- 2 . 5
» - . 2 - . 6 - . 6 - . 1
. 5
*
3.2 4 - . 1 5 1.6 6
.5 7 1.2 8
.1 9
.2 10
.9 11 * 12
3.2 13 3.5 14 3.2 15
.2 16 - . 3 17
.1 18
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1976-02-10 | 4th Quarter 1975
FEBRUARY 8 , 1977 STATE+LOCAL GOVTS. AND FOREIGN STATE+LOCAL GOVTS. AND FOREIGN
UNADJUSTED NET FLOWS 1$ MILL.) UNADJUSTED NET FLOWS ($ MILL.)
1 2 3 4
5 6 7 8 9
10
11 12 13 14
15 16 17 18
19 20 21
22 23 24 25 26
27 28
29
(1
1 2 3 4 5 6
7 8 9
10 11
12 13 14 15 16
17 18
19
20 21 22
23
24
25 26 27 28 29 30
31 32
33 34 35 36 37
TOTAL RECEIPTS, NIA BASIS TAX RECEIPTS SOCIAL INSURANCE RECEIPTS GRANTS IN AID RECEIVED
TOTAL EXPENDITURES, NIA BASIS PURCH. OF GOODS + SERVICES NET INTEREST • TRANSFERS
NET SURPLUS, NIA BASIS - RETIREMENT CREDIT TO HH = GROSS SAVING
NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS
DEMAND DEP. • CURRENCY TIME DEPOSITS
CREDIT MARKET INSTRUMENTS U . S . GOVT. SECURITIES
DIRECT U .S . GOVT. AGENCY SEC.
ST.+LOC. OBLIGATIONS MORTGAGES
TAXES RECEIVABLE
NET INCREASE IN L I A B I L I T I E S CREDIT MARKET BORROWING
S T . + L O C OBLIGATIONS SHORT-TERM OTHER
U . S . GOVERNMENT LOANS TRADE DEBT
DISCREPANCY
. )EMPLOYEE RETIREMENT FUNDS ARE
NET U . S . EXPORTS U .S . EXPORTS U .S . IMPORTS
TRANSFER RECEIPTS FROM U . S . U. S . GOVT. INTEREST RECEIVED CURRENT ACCOUNT BALANCE ( U . S . BALANCE, SIGN REVERSED)
NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS
GOLD • SDR»S ( 1 ) U . S . DEMAND DEPOSITS U . S . TIME DEPOSITS
U .S . CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS
U . S . GOVT. SECURITIES U . S . CORPORATE BONDS ( 2 ) OPEN-MARKET PAPER
SECURITY CREDIT TRADE CREDIT
MISCELLANEOUS ASSETS U . S . BANK L I A B I L I T I E S
TO FOREIGN AFFILIATES D I R . INVESTMENT IN U .S . OTHER
NET INCREASE IN L I A B I L I T I E S U . S . OFF. FGN. EXCHANGE
+ NET IMF POSITION
FOREIGN EQUITY ISSUES CREDIT MARKET INSTRUMENTS
CORP. AND FOREIGN BONDS BANK LOANS N . E . C . BANKERS ACCEPTANCES U.S.GOVT. LOANS
SECURITY DEBT TRADE DEBT
MISCELLANEOUS L I A B I L I T I E S USG EQUITY I N IBRD, ETC. FGN. CURR. HELD IN U . S . U . S . D I R . INV. ABR0AD(2) OTHER
1975 | I I I
5 5 . 9 0 4 3 8 . 1 0 0
3 . 9 1 4 13 .890
5 8 . 9 9 5 5 5 . 9 5 9
3 . 0 3 6 - 3 . 0 9 1
2 . 6 1 5 - 5 . 7 0 6
- 3 . 0 5 4 1 . 4 5 1
- 1 . 3 2 2 - 1 . 0 0 1
2 . 6 5 4 1 .992 2 . 0 4 3
- 5 1
364 298
1 .120
4 . 5 0 5 4 . 2 7 8 4 . 1 6 3
- 2 . 3 1 1 6 . 4 7 4
115 227
- 2 . 6 5 2
IV I
6 6 . 2 5 4 4 7 . 7 7 0
4 . 0 0 1 1 4 . 4 8 3
5 9 . 3 6 8 5 6 . 2 3 6
3 . 1 3 2 6 . 8 8 6 2 . 7 6 0 4 . 1 2 6
3 . 8 8 8 7 . 7 8 7 2 . 1 9 5
895
3 . 4 5 8 1 .990 1 .518
472
1 .156 312
1 .239
3 . 8 9 9 3 .675 3 . 6 8 7
- 4 6 3 4 . 1 5 0
- 1 2 224
238
I
6 0 . 9 8 3 4 2 . 6 7 9
4 . 1 0 4 1 4 . 2 0 0
5 7 . 9 1 9 5 4 . 0 1 6
3 . 9 0 3 3 . 0 6 4 3 .203
- 1 3 9
- 1 . 2 8 7 1 .722
- 2 . 7 1 1 1 .333
3 . 8 0 9 3 .369 3 . 3 1 9
50
500 - 6 0
- 7 0 9
3 . 0 0 9 2 . 7 8 6 1 .527
- 2 . 4 8 0 4 . 0 0 7
1 .259 223
1 .148
IN INSURANCE SECTOR.
2 . 6 2 2 3 4 . 9 5 6 3 2 . 3 3 4
920 1 .140
- 5 6 2
- 1 . 5 3 6 2 . 6 5 4
- 4 - 4 1 6
- 8 8
1 .317 - 6 0 0 - 5 0 1
- 9 9 0
- 3 7 231
2 . 2 5 1
1 .920 - 4 8 379
4 . 1 9 0
317
1 2 . 6 6 2
937 1 .814
- 5 7 0 481
25 1 .409
- 2 2 4 190
- 1 . 0 5 9 720 - 7 5
6 . 4 4 1 3 9 . 5 6 1 3 3 . 1 2 0
974 1 .114
- 4 . 3 5 3
- 5 . 2 6 5 5 . 7 9 6
2 1 .103
- 3 6 1
1 .454 165
1 .001 573
- 1 . 4 0 9
21 345
3 . 0 6 7
731 1 .229 1 .107
1 1 . 0 6 1
- 1 1 0
57 5 . 5 6 1 2 . 4 1 8 1 .442 1 .061
640
61 997
4 . 4 9 5 161 869
1 .614 1 .851
3 . 9 5 2 3 8 . 6 3 9 3 4 . 6 8 7
994 1 .067
- 1 . 8 9 1
- 4 . 8 0 1 5 . 2 5 7
- 4 5 - 3 7 3
- 1 . 3 4 6
1 .494 2 .938 1 .620
137 1 .181
0 1 .497
1.092
- 2 4 3 - 7 2 8
2 . 0 6 3
10 .058
728
110 3 .606 2 . 3 5 0
553 9
694
0 105
5 .509 194
3 . 3 7 1 1 .663
281
1976 I I I I I
STATE AND LOCAL
6 4 . 6 7 8 4 5 . 5 8 8
4 . 1 9 9 1 * . 8 9 1
6 1 . 8 9 7 5 8 . 0 0 2
3 . 8 9 5 2 . 7 8 1 3 . 7 3 9
- 9 5 8
- 3 . 9 1 5 1 .534 1 .135
- 2 . 9 0 2
3 . 7 1 0 2 . 8 6 8 1 .318 1 .550
351 491
- 4 0 9
5 .449 5 .227 6 . 5 3 4 1 .278 5 .256
- 1 . 3 0 7 222
2 . 9 5 7
2 . 4 4 4 4 1 . 1 4 0 3 8 . 6 9 6
1 .145 1 .108
- 1 9 1
- 2 . 6 1 4 7 . 2 7 6
15 1 .043
301
780 2 . 0 5 2 1 .631
349 72
0 289
2 . 7 9 6
1 .238 422
1 .136
9 . 8 9 0
1 .631
46 4 . 4 6 9 1 .311 1 .859
385 914
0 460
3 . 2 8 4 183
2 . 8 5 6 133 112
6 1 . 3 8 7 4 2 . 2 3 1
4 . 2 9 0 1 4 . 8 6 6
6 3 . 5 1 2 6 0 . 2 8 3
3 . 2 2 9 - 2 . 1 2 5
3 . 1 9 8 - 5 . 3 2 3
- 3 . 0 9 8 2 . 2 2 9
- 2 . 5 4 7 - 5 8 3
3 . 8 8 1 3 . 2 8 2 1 .782 1 .500
275 324
1 .478
5 .327 5 . 1 0 7 3 . 8 7 0
- 2 4 4 4 . 1 1 4
1 .237 220
- 2 . 2 2 5
- 2 . 1 8 0 3 9 . 3 6 8 4 1 . 5 4 8
1 . 0 6 7 1 .114 4 . 3 6 1
- 2 4 2 8 . 4 2 4
- 1 8 658
- 7 5 9
329 5 .486 5 .246
309 - 6 9
0 1 .199
1 .529
1 .624 784
- 8 7 9
8 .666
350
167 4 . 0 2 5 2 . 6 3 9
586 - 3 2 8
1 .128
0 - 7 1
4 . 1 9 5 198
1 .187 1.216 1 .594
I V | 1966 BILLIONS
1967 1968
GOVERNMENTS - GENERAL FUNDS CD
7 3 . 4 0 1 5 2 . 7 7 2
4 . 3 8 4 1 6 . 2 4 5
6 3 . 2 3 0 6 0 . 0 4 2
3 .188 1 0 . 1 7 1
3 . 6 6 6 6 . 5 0 5
5 .287 10 .092
1 .894 410
6 .186 5 .737 4 . 2 3 7 1 .500
199 250
1 .602
4 . 8 0 5 4 . 5 8 6 3 . 8 5 6
- 6 5 0 4 . 5 0 6
730 219
1 .218
REST OF
2 . 6 7 9 4 2 . 7 9 8 4 0 . 1 1 9
1 .037 1 .058
- 5 8 4
- 4 . 4 8 0 6 . 9 3 4
- 2 9 1 .592
543
- 2 0 0 3 .278 1 .580
213 1 .485
0 1 .000
750
600 333
- 1 8 3
11 .414
- 2 5 7
42 7 . 8 7 3 2 . 5 0 0 1 .967 2 . 4 3 1
975
0 220
3 .536 200
- 1 1 5 1 .863 1 .588
8 4 . 8 6 4 . 7
5 .7 1 4 . 4
8 4 . 3 7 9 . 8
4 . 5 . 5
4 . 2 - 3 . 7
- 2 . 5 4 . 3
. 8 1 .3
1.9 1 .8 2 . 5 - . 7
* . 2 . 3
6 . 8 6 . 3 5 . 6
. 7 5 . 0
. 6
. 5
- 1 . 2
9 3 . 6 7 1 . 0
6 . 7 1 5 . 9
9 4 . 7 8 9 . 3
5 . 4 - 1 . 1
4 . 1 - 5 . 2
- 4 . 9 3 . 6 1 .2 2 . 4
- . 2 - . 3 - . 8
. 5
_ . 1 . 2
8 . 6 7 . 9 7 . 8 1.8 5 . 9
. 2 . 6
- . 2
THE WORLD
5 . 1 4 2 . 8 3 7 . 7
2 . 9 .5
- 1 . 6
- 2 . 2 3 . 3
. 6
. 4
. 3
- . 3 - 1 . 6 - 2 . 4
. 6
. 2
* . 5
3 . 4
2 . 9 . 1 . 4
5 .5
* - . 3 1.8
. 7 - . 1 - . 1 1.3
* . 3
3 . 6
-. 4 3 . 0
. 2
4 . 9 4 5 . 6 4 0 . 6
3 . 1 . 6
- 1 . 2
- 1 . 2 7 . 6 1 .2
. 3 1 .3
. 7 2 . 0 2 . 1 - . 1
* . 1 . 4
1 .6
. 7
. 3
. 7
8 . 8
1 . 1
. 1 4 . 0 1.2 - . 3
. 5 2 . 6
. 2
.5
2 . 9 . 1
- . 1 2 . 7
. 2
1 0 7 . 2 8 1 . 4
7 . 2 1 8 . 6
1 0 6 . 9 1 0 0 . 7
6 . 2 . 3
4 . 8 - 4 . 5
- 5 . 0 5 . 5 - . 2 3 . 2
1.8 1 .6 - . 5 2 . 1
• . 2 . 7
1 0 . 4 9 . 8 9 . 5
. 1 9 . 4
. 3
. 6
. 5
2 . 3 4 9 . 9 4 7 . 7
2 . 9 . 7
1 .4
. 9 8 .5 1.2
. 6 - . 3
2 . 1 . 3
- . 5 .2 . 6
. 3
. 9
3 . 4
2 . 3 . 3 . 7
7 . 6
2 . 1
. 2 2 . 7 1 .1 - . 5 - . 2 2 . 2
. 2
. 4
2 . 1 . 1 . 5 . 8 . 7
OF DOLLARS 1969
1 1 9 . 7 9 1 . 4
7 . 9 2 0 . 3
1 1 7 . 6 1 1 0 . 4
7 . 1 2 . 1 5 .5
- 3 . 4
- 1 0 . 1 1 .1 1 .4
- 5 . 9
5 . 3 4 . 7 3 . 1 1 .7
. 1
. 5
. 3
1 1 . 2 1 0 . 7
9 . 9 2 . 8 7 . 2
. 7
. 5
6 . 7
1.8 5 4 . 7 5 2 . 9
3 . 0 . 8
2 . 0
3 . 4 1 0 . 3 - 1 . 0
. 3 1 .4
1.6 - . 3
- 1 . 8 . 5
1 .0
- . 2 . 8
7 . 7
7 . 9 . 8
- 1 . 1
6 . 9
. 3
. 5 3 . 2 1 .0 - . 2
. 3 2 . 1
- . 2 . 8
2 . 3 . 2
- . 5 2 . 2
. 5
1970
1 3 4 . 9 1 0 1 . 5
9 . 0 2 4 . 4
1 3 2 . 2 1 2 3 . 2
9 . 0 2 . 8 6 . 4
- 3 . 6
- 4 . 6 7 . 2
- 2 . 9 1 0 . 0
- . 2 - 1 . 2
. 9 - 2 . 1
. 1
. 8
. 2
11 .8 1 1 . 3 1 1 . 2
2 . 3 8 . 9
. 1
. 5
1 .0
3 .9 6 2 . 5 5 8 . 5
3 . 2 1 .0
. 3
.8 5 . 9
. 8
. 5 - 1 . 7
. 7 1 0 . 3
9 . 1 . 7 . 5
- . 1 1 .4
- 6 . 0
- 6 . 9 1.0 - . 1
5 . 1
- 2 . 5
. 1 2 . 7
. 9 - . 3
. 8 1.3
* 1.0
4 . 0 . 2 . 5
3 . 5 - . 2
1971
1 5 2 . 6 1 1 3 . 7
9 . 9 2 9 . 0
1 4 8 . 9 1 3 7 . 5
1 1 . 4 3 . 7 6 . 6
- 2 . 9
- 1 1 . 7 6 . 7 1 .0 7 . 2
- 2 . 0 - 2 . 8 - 1 . 3 - 1 . 5
- . 3 1 . 1
. 5
1 8 . 4 1 7 . 8 1 7 . 4
2 . 5 1 4 . 9
. 4
. 7
8 . 9
1 .6 6 5 . 6 6 4 . 0
3 . 6 1.8 3 . 9
1 3 . 6 2 2 . 6
1 .3 - . 2
. 3
. 8 2 6 . 4 2 6 . 3
. 3 - . 2
* . 1
- 6 . 2
- 4 . 1 - . 2
- 1 . 9
9 . 1
- 1 . 7
* 5 .2
. 9 2 . 1
. 3 1 .8
* . 5
5 .0 . 3
1 .4 3 . 6 - . 1
1 2 3 4
5 6 7 8 9
10
11 12 13 14
15 16 17 18
19 20 21
22 23 24 25 26
27 28
29
1 2 3 4 5 6
7 8 9
10 11
12 13 14 15 16
17 18
19
20 21 22
23
24
25 26 27 28 29 30
31 32
33 34 35 36 37
38 DISCREPANCY
(1) CONSISTS ONLY OF NET PURCHASES FROM U.S. EXCLUDES ACQUISITIONS FROM OTHER SOURCES.
(2) EXCLUDES U.S. SECURITY ISSUES IN FOREIGN MARKETS.
IV/76 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
2.423 4.603
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1977-02-08 | 4th Quarter 1976
MAY 9, 1977
STATE+LOCAL GOVTS. AND FOREIGN
12
STATE+LOCAL GOVTS. AND FOREIGN
UNADJUSTED NET FLOWS 1% MILL.) UNADJUSTED NET FLOWS ($ MILL.)
1 TOTAL RECEIPTS, NIA BASIS 2 TAX RECEIPTS 3 SOCIAL INSURANCE RECEIPTS 4 GRANTS IN AID RECEIVED
5 TOTAL EXPENDITURES, NIA BASIS 6 PURCH. OF GOODS • SERVICES 7 NET INTEREST • TRANSFERS 8 NET SURPLUS* NIA BASIS 9 - RETIREMENT CREDIT TO HH 10 = GROSS SAVING
11 NET FINANCIAL INVESTMENT 12 NET ACQ. OF FINANCIAL ASSETS 13 DEMAND DEP. + CURRENCY 14 TIME DEPOSITS
15 CREDIT MARKET INSTRUMENTS 16 U.S. GOVT. SECURITIES 17 DIRECT 18 U.S. GOVT. AGENCY SEC.
19 ST.+LOC. OBLIGATIONS 20 MORTGAGES 21 TAXES RECEIVABLE
22 NET INCREASE IN L IABIL IT IES 23 CREDIT MARKET BORROWING 24 ST.+LOC. OBLIGATIONS 25 SHORT-TERM 26 OTHER
27 28
U.S. GOVERNMENT LOANS TRADE DEBT
1975 I IV |
I 1977 I IV | I I
BILLIONS OF DOLLARS 1968 1969 1970
STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS CD
6 6 . 2 5 4 4 7 . 7 7 0
4 . 0 0 1 14 .483
59 .368 56 .236
3 . 1 3 2 6 .886 2 . 7 6 0 4 .126
3 .888 7 . 7 8 7 2 .195
8 9 5
3.458 1 .990 1 .518
4 7 2
1.156 3 1 2
1.239
3 .899 3 .675 3 . 6 8 7
- 4 6 3 4 . 1 5 0
- 1 2 2 2 4
6 0 . 9 8 3 4 2 . 6 7 9
4 . 1 0 4 14 .200
5 7 . 9 1 9 5 4 . 0 1 6
3 .903 3 .064 3 .203
- 1 3 9
- 1 . 5 8 1 1 .722
- 2 . 7 1 1 1 .333
3 .809 3 . 3 6 9 3 .319
5 0
5 0 0 - 6 0
- 7 0 9
3 .303 3 .080 1 .821
- 2 . 4 6 6 4 . 2 8 7
1 .259 2 2 3
6 4 . 6 7 8 4 5 . 5 8 8
4 . 1 9 9 1 4 . 8 9 1
6 1 . 8 9 7 5 8 . 0 0 2
3 .895 2 . 7 8 1 3 . 7 3 9
-958
- 3 . 7 3 0 1 .534 1 .135
- 2 . 9 0 2
3 . 7 1 0 2 . 8 6 8 1.318 1 .550
3 5 1 4 9 1
- 4 0 9
5 .264 5 .042 6 . 3 4 9 1 .194 5 .155
- 1 . 3 0 7 2 2 2
61 .387 4 2 . 2 3 1
4 . 2 9 0 14 .866
63 .512 6 0 . 2 8 3
3 . 2 2 9 - 2 . 1 2 5
3 . 1 9 8 - 5 . 3 2 3
- 2 . 6 9 7 3 . 0 5 4
- 6 9 7 9 9 2
1.281 6 8 2
- 8 1 8 1 .500
2 7 5 3 2 4
1.478
5 .751 5 .531 4 . 2 9 4
- 3 2 4 . 3 2 6
1 .237 2 2 0
7 3 . 3 3 1 52 .705
4 . 3 8 4 16 .242
63 .070 59 .890
3 .180 10 .261
2 .030 8 . 2 3 1
7 . 0 1 4 10 .357
9 9 3 2 . 6 7 6
5 .086 4 . 2 3 7 2 . 7 3 7 1 .500
5 9 9 2 5 0
1.602
3 .343 3 . 1 2 4 2 . 2 7 7
- 2 . 3 0 1 4 .578
8 4 7 2 1 9
6 7 . 0 7 3 4 7 . 2 7 6
4 . 4 8 3 15 .314
6 1 . 4 5 0 57 .250
4 . 2 0 0 5 . 6 2 3 3 .086 2 . 5 3 7
9 1 6 4 . 2 6 7
- 1 . 0 2 5 7 1 3
5 .3 9 9 5 .050 3 . 5 5 0 1 .500
9 3 4 0
- 8 2 0
3 . 3 5 1 3 .134 2 . 7 3 4
- 1 . 1 2 5 3 . 8 5 9
4 0 0 2 1 7
29 DISCREPANCY 238 1 .442 2 .772
(1)EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR.
9 3 . 6 7 1 . 0
6 . 7 1 5 . 9
9 4 . 7 8 9 . 3
5 . 4 - 1 . 1
4 . 1 - 5 . 2
- 4 . 9 3 . 6 1 . 2 2 . 4
- . 2 - . 3 - . 8
. 5
-. 1 . 2
8 . 6 7 . 9 7 . 8 1 . 8 5 . 9
. 2
. 6
107.2 8 1 . 4
7 . 2 1 8 . 6
1 0 6 . 9 1 0 0 . 7
6 . 2 . 3
4 . 8 - 4 . 5
- 5 . 0 5 . 5 - . 2 3 . 2
1 . 8 1 . 6 - . 5 2 . 1
* . 2 . 7
1 0 . 4 9 . 8 9 . 5
. 1 9 . 4
. 3
. 6
1 1 9 . 7 9 1 . 4
7 . 9 2 0 . 3
1 1 7 . 6 1 1 0 . 4
7 . 1 2 . 1 5 . 5
- 3 . 4
- 1 0 . 1 1 . 1 1 . 4
- 5 . 9
5 . 3 4 . 7 3 . 1 1 . 7
. 1
. 5
. 3
11 .2 10 .7
9 . 9 2 . 8 7 . 2
. 7
. 5
1 3 4 . 9 1 0 1 . 5
9 . 0 2 4 . 4
132 .2 123 .2
9 . 0 2 . 8 6 . 4
- 3 . 6
- 4 . 6 7 . 2
- 2 . 9 10.0
- . 2 - 1 . 2
. 9 - 2 . 1
. 1 . 8 . 2
11 .8 11 .3 11 .2
2 . 3 8 . 9
. 1
. 5
1 5 2 . 6 113 .7
9 . 9 2 9 . 0
148 .9 1 3 7 . 5
1 1 . 4 3 . 7 6 . 6
- 2 . 9
- 1 1 . 7 6 . 7 1 . 0 7 . 2
- 2 . 0 - 2 . 8 - 1 . 3 - 1 . 5
- . 3 1 . 1
. 5
1 8 . 4 17 .8 1 7 . 4
2 . 5 1 4 . 9
. 4
. 7
1 2 3 4
5 6 7 8 9
1 0
1 1 1 2 1 3 1 4
1 5 1 6 1 7 1 8
1 9 2 0 2 1
2 2 2 3 2 4 2 5 2 6
2 7 2 8
REST OF THE WORLD
1 NET U.S . EXPORTS 2 U.S. EXPORTS 3 U .S . IMPORTS 4 TRANSFER RECEIPTS FROM U . S . 5 U. S. GOVT. INTEREST RECEIVED 6 CURRENT ACCOUNT BALANCE
( U . S . BALANCE, SIGN REVERSED)
7 NET FINANCIAL INVESTMENT 8 NET ACQ. OF FINANCIAL ASSETS 9 GOLD • SDR»S ( 1 )
10 U .S . DEMAND DEPOSITS 11 U . S . TIME DEPOSITS
12
28 29 30
33 34
36 37
U . S . CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS
U.S . GOVT. SECURITIES U.S . CORPORATE BONDS ( 2 ) OPEN-MARKET PAPER
SECURITY CREDIT TRADE CREDIT
MISCELLANEOUS ASSETS U.S . BANK L I A B I L I T I E S
TO FOREIGN AFFILIATES DIR. INVESTMENT IN U .S . OTHER
NET INCREASE IN L IABIL IT IES U .S . OFF. FGN. EXCHANGE + NET IMF POSITION
FOREIGN EQUITY ISSUES CREDIT MARKET INSTRUMENTS CORP. AND FOREIGN BONDS BANK LOANS N.E.C. BANKERS ACCEPTANCES U.S.GOVT. LOANS
SECURITY DEBT TRADE DEBT
MISCELLANEOUS L IABIL IT IES USG E0UI1Y I N IBRD, ETC. FGN. CURR. HELD IN U .S . U.S. D I R . INV . ABR0AD(2) OTHER
6 . 4 4 1 3 9 . 5 6 1 33 .120
9 7 4 1.114
- 4 . 3 5 3
- 5 . 2 6 5 5 . 7 9 6
2 1.103
- 3 6 1
1 .454 1 6 5
1 .001 5 7 3
- 1 . 4 0 9
2 1 3 4 5
3 . 0 6 7
7 3 1 1.229 1.107
3 . 9 5 2 3 8 . 6 3 9 3 4 . 6 8 7
9 9 4 1.067
- 1 . 8 9 1
- 4 . 8 0 1 5 . 2 5 7
- 4 5 - 1 . 0 4 5 - 1 . 4 2 4
1 .494 2 . 9 3 8 1 .620
1 3 7 1 .181
0 1 .497
1.842
- 2 4 3 - 7 2 8
2 . 8 1 3
2 .444 4 1 . 1 4 0 3 8 . 6 9 6
1.145 1.108
- 1 9 1
- 2 . 6 1 4 7 .276
1 5 2 8 5
- 6 1 5
7 8 0 2 .052 1 .631
3 4 9 7 2
0 5 1 9
4 . 2 4 0
1.238 4 2 2
2 . 5 8 0
- 2 . 1 8 0 3 9 . 3 6 8 41 .548
1 .067 1 .114 4 . 3 6 1
- 2 4 7 8 . 2 0 0
- 1 8 2 2 2
- 8 2 3
3 4 2 5.097 4 . 8 7 9
2 8 7 - 6 9
0 1.007
2 . 3 7 3
1.624 7 1 2
3 7
2 .415 4 3 . 5 2 0 41 .105
1.037 1 .058
- 3 2 0
- 2 . 2 3 0 12.032
- 2 9 1.742
9 5 4
1 3 1 5 .123 3 .490
1 4 8 1.485
0 8 9 5
3 . 2 1 6
5 5 1 1 5 5
2 .510
8 8 2 4 2 . 7 5 1 4 1 . 8 6 9
1 .020 1.122 1.260
- 9 0 3 5 . 7 7 0
- 6 5 - 5 0 2
- 1 . 3 1 7
4 5 0 7 .493 6 . 4 5 4
1 5 0 8 8 9
0 8 0 0
- 1 . 0 8 9
- 3 . 1 8 5 2 5 0
1.846
11.061 10.058 8.447 14.262
5 7 5 . 5 6 1 2 .418 1.442 1 .061
6 4 0
6 1 9 9 7
4 . 4 9 5 1 6 1 8 6 9
1.614 1 .851
1 1 0 3 . 8 2 1 2 . 3 5 0
7 6 8 9
6 9 4
0 1 0 5
5 . 2 9 4 1 9 4
2 . 8 3 5 1 .663
6 0 2
4 6 4 .469 1 .311 1 .859
3 8 5 9 1 4
0 4 6 0
3 . 2 8 4 1 8 3
2.829 1 3 3 1 3 9
1 6 7 3 .693 2 .576
3 1 9 - 3 2 8
1.126
0 -532
4 .769 1 9 8
1.186 1 .418 1 .967
- 1 9 .243 2 . 1 2 3 3 .813 2 . 4 3 1
8 7 6
0 1 2 8
5.149 2 0 0 6 1 5
1.498 2 . 8 3 6
1 0 0 7 1 4
1.250 - 1 . 7 0 9
1 8 0 9 9 3
0 1 2 5
5 .390 2 0 7
1.260 1.600 2 . 3 2 3
38 DISCREPANCY
( 1 ) CONSISTS ONLY OF NET PURCHASES FWDM U .S . EXCLUDES ACQUISITIONS FROM OTHER SOURCES.
<2) EXCLUDES U . S . SECURITY ISSUES IN FOREIGN MARKETS.
1 /77 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
2 .423 4 . 6 0 8
4 . 9
•5.6 •0.6 3 . 1
. 6 -1 .2
•1 .2 7 . 6 1 . 2
. 3 1 . 3
. 7 2 . 0 2 . 1 - . 1
* . 1 . 4
1 . 6
. 7
. 3
. 7
8 . 8
1 . 1
. 1 4 . 0 1 . 2 - . 3
. 5 2 . 6
. 2
. 5
2 . 9 . 1
- . 1 2 . 7
. 2
*
2 . 3 4 9 . 9 4 7 . 7
2 . 9 . 7
1 . 4
. 9 8 . 5 1 . 2
. 6 - . 3
2 . 1 . 3
- . 5 . 2 . 6
. 3
. 9
3 . 4
2 . 3 . 3 . 7
7 . 6
2 . 1
. 2 2 . 7 1 . 1 - . 5 - . 2 2 . 2
. 2
.* 2 . 1
. 1
. 5
. 8
. 7
. 5
1 . 8 5 4 . 7 52 .9
3 . 0 . 8
2 . 0
3 . 4 1 0 . 3 - 1 . 0
. 3 1 . 4
1 . 6 - . 3
- 1 . 8 . 5
1 . 0
- . 2 . 8
7 . 7
7 . 9 . 8
- 1 . 1
6 . 9
. 3
. 5 3 . 2 1 . 0 - . 2
. 3 2 . 1
- . 2 . 8
2 . 3 . 2
- . 5 2 . 2
. 5
- 1 . 4
3 . 9 62.5 58 .5
3 . 2 1 . 0
. 3
. 8 5 . 9
. 8
. 5 - 1 . 7
. 7 10 .3
9 . 1 . 7 . 5
- . 1 1 . 4
- 6 . 0
- 6 . 9 1 . 0 - . 1
5 . 1
- 2 . 5
.! 2 . 7
. 9 - . 3
. 8 1 . 3
* 1 . 0
4 . 0 . 2 . 5
3 . 5 - . 2
- . 4
1 .6 1 6 5 . 6 2 6 4 . 0 3
3 . 6 4 1 .8 5 3 . 9 6
1 3 . 6 7 2 2 . 6 8
1 .3 9 - . 2 10
. 3 11
. 8 12 2 6 . 4 13 2 6 . 3 14
. 3 15 - . 2 16
* 17 . 1 18
- 6 . 2 19
- 4 . 1 20 - . 2 21
- 1 . 9 22
9 . 1 23
- 1 . 7 24
* 25 5 . 2 26
.9 27 2 . 1 28
. 3 29 1.8 30
* 31 . 5 32
5 . 0 33 . 3 34
1.4 35 3 . 6 36 - . 1 37
- 9 . 7 38
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1977-05-09 | 1st Quarter 1977
AUGUST 1 7 , 1977 U.S.GOVT. • CREDIT AGENCIES 14
UNADJUSTED NET FLOWS ($ MILL.)
SECTOR STATEMENTS OF SAVING AND INVESTMENT
U.S.GOVT. • CRLDIT AGENCIES
UNADJUSTED NET FLOWS (» MILL.)
1977 | II I
BILLIONS OF DOLLARS 1968 1969 1970
U.S. GOVERNMENT
1 2 3 4 5
6 7 8 9
10 11 12 13 14
15 16 17 18 19
20 21 22 23
24 25 26
27 28
29 30 31 32
33 34 35
36 37
TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES SOCIAL INSURANCE RECEIPTS
TOTAL EXPENDITURES, NIA BASIS GOODS + SERVICES TRANSFERS, ETC. NET INTEREST
NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING + MINERAL RIGHTS SALES (2) = NONFINANCIAL SURPLUS
NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS
GOLD, SDR'S • OFF FGN EXCH DEMAND DEPOSITS + CURRENCY TIME DEPOSITS
CREDIT MARKET INSTRUMENTS MORTGAGE POOL SECURITIES (3) MORTGAGES OTHER LOANS
TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS
NET INCREASE IN L IABIL IT IES TREASURY CURR. • SDR CTFS.
CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES AGENCYTISSUES + MTGS.
LIFE • RETIREMENT RESERVES TRADE DEBT MISCELLANEOUS
DISCREPANCY MEMO: CORP. TAX RECEIPTS, NET
7 5 . 1 9 7 2 8 . 7 0 4 12 .440
5 .164 28 .889
94 .646 3 1 . 1 0 5 5 6 . 9 4 1
6 .600 - 1 9 . 4 4 9
-679 - 1 8 . 7 7 0
1 .163 - 1 7 . 6 0 7
- 1 9 . 5 7 9 5 .983
288 - 9 2 0
48
3 . 5 3 9 999
-215 2 .755
2 . 8 1 2 25
191
25 .562 148
2 4 . 1 5 1 1.097
2 3 . 0 2 0 34
-679 1 .511
431
1.972 9 .628
8 8 . 3 5 4 3 7 . 6 2 2 15 .079
6 . 2 0 9 2 9 . 4 4 4
9 4 . 7 1 9 3 2 . 3 1 0 5 5 . 8 0 4
6 . 6 0 5 - 6 . 3 6 5
6 . 3 8 1 - 1 2 . 7 4 6
955 - 1 1 . 7 9 1
- 1 2 . 1 1 6 5 .298 1 .038 7 .902
104
- 8 9 7 798
- 1 . 8 0 4 109
- 3 . 4 8 2 382 251
17 .414 339
9 . 4 1 8 1 .161 8 .237
20
6 . 3 8 1 787 489
325 18 .561
8 8 . 1 5 9 4 2 . 7 5 0 1^.404
6 .068 2 4 . 9 3 7
9 5 . 9 3 2 3 1 . 7 7 5 57 .367
6 .790 - 7 . 7 7 3 - 1 . 3 0 0 - 6 . 4 7 3
1 .311 - 5 . 1 6 2
- 6 . 2 9 4 12 .048
892 2 .347
- 1 5 4
4 . 0 6 3 841
17 3 .205
4 .455 130 315
18 .342 199
18 .028 1.302
16.473 253
- 1 . 3 0 0 1.957
- 5 4 2
1.132 9 .949
80 .554 3 8 . 2 4 7 13 .943
5 .922 22 .442
100 .963 34 .947 58 .852
7 . 1 6 4 - 2 0 . 4 0 9
389 - 2 0 . 7 9 8
544 - 2 0 . 2 5 4
- 1 9 . 2 4 2 511 223
- 5 . 3 4 1 161
2 .207 1 .100
- 1 . 0 6 0 2 . 1 6 7
3 .059 0
202
19 .753 503
17 .430 1.095
16 .754 - 4 1 9
389 870 561
- 1 . 0 1 2 1 0 . 8 8 4
83 .688 3 3 . 7 3 2 12 .614
5 .347 31 .995
101 .261 33 .404 60 .668
7.189 - 1 7 . 5 7 3
- 1 . 1 1 9 - 1 6 . 4 5 4
213 - 1 6 . 2 4 1
- 1 8 . 2 1 5 - 8 0 1
<*84 - 3 . 0 4 0
- 1 4 1
2 .134 1.000
-536 1.670
-199 - 1 5 1
112
17.414 207
17.626 1.185
16.628 - 1 8 7
- 1 . 1 1 9 1.225
-525
1.974 12 .813
102 .952 4 8 . 2 4 9 15 .127
6 . 6 9 7 32 .879
103.877 3 5 . 8 0 1 60 .777
7 .299 -925
1 .470 - 2 . 3 9 5
482 - 1 . 9 1 3
- 2 . 9 8 9 - 1 . 0 89
74 7 .072
230
1.186 1 .150
380 - 3 4 4
- 9 . 7 9 7 - 4
150
1.900 308
- 1 . 1 4 5 1 .245
- 2 . 2 S 2 -108
1 .470 1 .054
213
1 .076 24 .924
150 .5 6 7 . 5 3 0 . 0 1 6 . 3 36 .7
163.7 90 .9 62 .9
9 .8 - 1 3 . 2
1.4 - 1 4 . 6
- 1 4 . 6
- 1 3 . 4 2.3-
1 8 . 0 40 .8
1 8 0 . 6 9 8 . 0 7 1 . 2 1 1 . 4 - 5 . 8
1.3 - 7 . 1
1.3 - 5 . 8
- 8 . 7
197 .0 9 4 . 8 3 6 . 2 1 9 . 0 4 7 . 0
1 8 8 . 4 9 7 . 5 78.1 1 2 . 9
8 . 5 1.6
3 0 . 8 1 9 . 3
2 0 4 . 95 . .
- 1 2 . 1 2 .5
- 1 4 . 6
- 2 . 0 2.5
. 3
SPONSORED CREDIT AGENCIES
1 CURRENT SURPLUS
FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS
198 .6 8 9 . 9 3 3 . 5 2 0 . 4 5 4 . 9
2 2 0 . 6 6 9 6 . 2 7
110.4 6 1 4 . 0 9
- 2 2 . 0 10 2 .9 11
- 2 * . . 7
12 13
- 2 4 . 2 14
- 2 4 . 6 15 3 . 9 16
- 2 . 2 17 3 .3 18
. 1 19
4 . 7 - . 1 1 . 0 3 . 8
- 5 . 1 1 . 5 - . 1
15.7 . 7
13.0 1.0 7 . 9 4 . 1
1 . 4 . 6 . 1
- 1 . 2 35.1
5 . 2 . 1
1 . 4 3 . 7
1 . 3 . 6
- . 2
16.0 . 4
13.6 . 6
9 . 8 3 . 1
1 . 3 •
. 7
2 . 9 35.0
3 . 1 - 1 . 3
1 .0 3 . 5
- 3 . 0 . 9 . 1
- 2 . 5 . 3
- 3 . 7 - . 1
- 1 . 2 - 2 . 4
1 .6 - . 3 - . 4
1 .0 39.2
2 . 8 - . 1
. 3 2 . 6
- 2 . 6 - . 8
. 3
14.9 . 6
11.9 . 3
12.6 - 1 . 0
2 . 5 - . 6
. 5
. 2 33 .4
2 .8 20 * 21
- . < • 2 2
3.2 23
1.5 24 - 1 . 7 25
. 1 26
28 .5 21 . 5 28
24.9 29 2.3 30
23.7 31 - 1 . 1 32
2.9 33 - . 7 34
.8 35
. 4 36 32.0 37
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIQUID ASSETS 6 U.S.GOVU SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS • RP»S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S + L ASSOC
12 LOANS TO AGRICULTURE 13 FARM MORTGAGES 14 LOANS TO COOPS ( B O 15 LOANS TO FARMERS (F ICB) 16 MISCELLANEOUS ASSETS
17 NET INCREASE I N L IAB IL IT IES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U.S. GOVERNMENT LOANS 21 MISCELLANEOUS L I A B I L I T I E S
22 DISCREPANCY 102
FEDERALLY SPONSORED MORTGAGE POOLS ( 1 )
23 NET ACQ. OF MORTGAGES 24 HOME MORTGAGES 25 MULTIFAMILY MORTGAGES 26 F4RM MORTGAGES
27 NET INCR. INA POOL SECURITIES
MEMO: TOTALS FOR AGENCIES AND POOLS— 28 CREDIT MARKET INSTRUMENTS 29 LIQUID ASSETS 30 HOUSING CREDIT 31 LOANS TO AGRICULTURE
936 4
. 0 3 1 .819 .104
409 306
. 1 0 1 - 1 3
.088
.313 687 221 405 - 9 9
889 223 248 - 2 5 666
601 - 2 0
654 - 3 5 4 - 2 3 8
265 - 3 8 1
- 6 9 8 - 2 1 5 - 4 8 3
1.706 702 212 792 - 3 3
411 527 527
0 - 1 1 6
1.989 - 4 8
1 .912 -586
336 - 5 3 0 -392
1.473 685 788
1.025 579
36 408 125
1.878 1 .271 1.315
- 4 4 607
1.152 18
1.353 861 286
- 1 7 7 752
-243 - 4 3
- 2 0 0
735 542 481
-288 -219
1.169 917
1.235 -318
252
161 - 1
140 - 3 2 3
- 1 . 0 9 6 239 534
- 2 . 1 7 6 - 7 7 6
- 1 . 4 0 0
2 .639 807 644
1.188 22
140 -152
1.020 - 1 . 1 7 2
292
2 . 9 3 0 - 3 6
3 .216 - 4 1 7
- 1 . 9 1 0 941 552
2 . 1 9 1 936
1.255
1 .442 8 59
56 527
- 2 5 0
2 . 7 7 5 2 . 6 3 0 2 .630
0 145
3 .546 3 .000
366 180
3 .546
)LS— 4 . 5 7 7 1 .819 1.265 1 .493
3 . 5 4 1 3 . 3 9 7
47 97
3 . 5 4 1
4 . 1 9 5 - 3 5 4
2 . 7 4 6 1 .803
3 .735 3 . 4 3 4
108 193
3 .735
5 .647 - 5 8 6
5 .015 1.218
4 . 8 4 1 4 . 6 6 4
126 51
4 . 8 4 1
6 . 1 9 4 861
4 . 5 4 7 786
5.010 4 . 7 6 1
148 101
5.010
5 .150 -323
2 .733 2 . 7 4 0
3 .485 3 . 3 2 1
88 76
3 .485
6 . 7 0 1 - 4 1 7
5 .600 1.518
- . 6 - . 1
. 7
. 5
3.2 - . 1 - . 1
3 . 2 . 2
- . 3
7 .8 3 .8
9 . 1 - . 3
.7
. 1
- 1 . 2 - . 5
2 - 2 .
1,
. 9
. 7
. 4
. 7 •
. 7
. 2
10 11
12 13 14 15 16
4.6 23 4.3 24
. 1 25 2
7
,6
* .9 ,5
. 1
. 5
3 . 8 - . 1 3 . 0
. 9
. 2
. 7
9 . 4 - . 4 8 . 3 1 .6
. 3
1 .6
11.1 1 . 9 7 . 5 1 .8
. 4 2t>
4.8 27
5 .2 28 - 1 . 2 29
4 .5 30 1.8 31
32 NET SECURITY' ISSUES 3 .794 4 . 0 6 8
( 1 ) GNMA, FHLMC, AND FARMERS HOME ADM. POOLS.
5 .050 6 .076 6 . 0 3 0 6 . 1 1 5
1 1 / 7 7 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
(2) Sales of Outer Continental Shelf leases.
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool securities.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1977-08-17 | 2nd Quarter 1977 and Revisions, 1967-1976
NOVEMBER 21, 1977 U.S.GOVT. • CREDIT AGENCIES U.S.GOVT. • CREDIT AGENCIES
SECTOR STATEMENTS OF SAVING AND INVESTMENT
UNADJUSTED NET FLOWS ($ MILL.)
1 TOTAL RECEIPTS, NIA BASIS 2 PERSONAL TAXES 3 CORP. PROFITS TAX ACCRUALS 4 INDIRECT TAXES 5 SOCIAL INSURANCE RECEIPTS
6 TOTAL EXPENDITURES, NIA BASIS 7 GOODS + SERVICES 8 TRANSFERS, ETC. 9 NET INTEREST
10 NET SURPLUS, NIA BASIS 11 - INSURANCE CREDITS TO HH 12 = GROSS SAVING 13 + MINERAL RIGHTS SALES (2) 14 = NONFINANCIAL SURPLUS
15 NET FINANCIAL INVESTMENT 16 NET ACQ. OF FINANCIAL ASSETS 17 GOLD, SDR'S + OFF FGN EXCH 18 DEMAND DEPOSITS + CURRENCY 19 TIME DEPOSITS
20 CREDIT MARKET INSTRUMENTS £1 MORTGAGE POOL SECURITIES (3) 22 MORTGAGES 23 OTHER LGANS
24 TAXES RECEIVABLE 25 TRADE CREDIT 26 MISCELLANEOUS
27 NET INCREASE IN LIABILITIES 23 TREASURY CURR. + SDR CTFS.
29 CREDIT MARKET INSTRUMENTS 30 SAVINGS BONDS 31 OTHER TREASURY ISSUES 32 AGENCY ISSUES + MTGS .
33 LIFE + RETIREMENT RESERVES 34 TRADE DEBT 35 MISCELLANEOUS
36 DISCREPANCY 37 MEMO: CORP. TAX RECEIPTS, NET
SPONSORED CREDIT AGENCIES
1976 II III
U.S. GOVERNMENT
88.354 37.622 15.079 6.209
29.444
94.719 32.310 55.804 6.605
-6.365 6.381
-12.746 955
-11.791
-12.116 5.298
I 1.038 7.902
104
-897 798
-1.804 109
-3.482 382 251
17.414 339
9.418 1.161 8.237
20
6.381 787 489
325 18.561
88 42, 14 6
24
95, 31, 57, 6,
-7, -1 -6, 1,
-5
-6 12
2,
4
3,
4
18
18 1
16,
_! 1,
1 V
.159
.750
.404
.068
.937
.932
.775
.367
.790
.773
.300
.473
.311
.162
.294
.048 8 92 .347 -154
.063 8*1 17
.205
.455 130 315
.342 199
.028
.302
.473 253
.300
.957 -542
.132
.949
80, 38, 13, 5
22,
100, 34, 58, 7
-20,
-20,
-20,
-19
-5
2 1
-1 2,
3
19
17 1
16
-1, 10
.554
.247
.943
.922
.442
.963
.947
.85 2
.164
.409 389 .798 544 .254
.242 511 223 .341 161
.207
.100
.060
.167
.059 0
202
.753 503
.430
.095
.754 -419
389 870 561
.012
.884
83.688 33.732 12.614 5.347
31.995
101.261 33.404 60.668 7.189
-17.573 -1.119
-16.454 213
-16.241
-18.597 -1.693
484 -3.040
-141
1.230 1.000 -719 949
-199 -151 124
16.904 -11
17.626 1.185
16.628 -187
-1.119 933
-525
2.356 12.813
103.696 48.224 15.899 6.688
32.885
103.454 35.882 60.343 7.229
242 1.470
-1.228 482
-746
-2.440 -1.353
74 7.072
230
1.144 1.150
441 -447
-9.025 -1.115
^67
1.087 117
-1.145 1.245
-2.262 -103
1.470 432 213
1.694 24.924
97.730 48.405 14.783 6.366
28.176
106.588 37.057 62.194 7.337
-8.858 6.244
-15.102 1.135
-13.967
-15.606 10.029
-214 2.813
-5 0
4.677 1.715 -136 3.098
2.629 11
163
25.635 99
19.606 1.125
19.004 -523
6.244 400
-714
1.639 12.154
UNADJUSTED NET FLOWS ($ MILL.)
BILLIONS OF DOLLARS 1967 1968 1969 1970 1971
150.5 67.5 30.0 16.3 36.7
163.7 90.9 62.9 9.8
-13.2 1.4
-14.6
--14.6
-13.4 2.3 .4
1.0
* 4.7 -.1 1.0 3.8
-5.1 1.5 -.1
174.7 79.6 36.3 18.0 40.8
180.6 98.0 71.2 11.4 -5.8 1.3
-7.1 1.3
-5.8
-8.7 7.3 2.0
-1.7 .1
5.2 .1
1.4 3.7
1.3 .6
-.2
197.0 94.8 36.2 19.0 47.0
188.4 97.5 78.1 12.9 8.5 1.6 7.0
* 7.0
6.0 3.5 1.4 1.1
-•* 3.1
-1.3 1.0 3.5
-3.0 .9 .1
192.1 92.2 30.8 19.3 49.7
204.2 95.6 94.3 14.3
-12.1 2.5
-14.6 .3
-14.3
-14.5 .4
-2.0 2.5 .3
2.8 -.1 .3
2.6
-2.6 -.8 .3
198.6 89.9 33.5 20.4 54.9
220.6 96.2 110.4 14.0
-22.0 2.9
-24.9 .7
-24.2
-24.6 3.9
-2.2 3.3 .1
2.8
* -.4 3.2
1.5 -1.7
.1
1 2 3 4 5
6 7 8 9 10 11 12 13 14
15 16 17 16 19
20 21 22 23
24 25 26
-1.2 35.1
9.8 3.1
2.9 35.0
11.9 .3
12.6 -1.0
2.5 -.6 .5
.2 33.4
24.9 29 2.3 30
23.7 31 -1.1 32
2.9 33 -.7 34 .8 35
.4 36 32.0 37
FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS
1
2 3
4 5 6 7 8
9 10 11
12 13 14 15 16
17 18 19 20 21
22
CURRENT SURPLUS
NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY
CREDIT MARKET INSTRUMENTS LIQUID ASSETS U.S.GOVT. SECURITIES OPEN-MARKET PAPER FEDERAL FUNDS + RP«S
HOUSING CREDIT RESIDENTIAL MORTGAGES FHLB LOANS TO S + L ASSOC.
LOANS TO AGRICULTURE FARM MORTGAGES LOANS TC COOPS (BC) LOANS TO FARMERS (F1CB)
MISCELLANEOUS ASSETS
NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS
SPONS. AGENCY ISSUES U.S. GOVERNMENT LOANS
MISCELLANEOUS LIABILITIES
DISCREPANCY
138
601 -20
654 -354 -238 265
-361
-698 -215 -483
1.706 702 212 792 -33
411 527 527
0 -116
-52
FEDERALLY SPONSORED MORTGAGE POOLS (1)
23 24 25 26
27
28 29 30 31
32
NET ACQ. OF MORTGAGES HOME MORTGAGES MULTIFAMILY MORTGAGES FARM MORTGAGES
NET INCR. IN POOL SECURITIES
3.541 3.397
47 97
3.541
MEMO: TOTALS FOR AGENCIES AND POOLS-CREDIT MARKET INSTRUMENTS
LIQUID ASSETS HOUSING CREDIT LOANS TO AGRICULTURE
NET SECURITY ISSUES
4.195 -354 2.746 1.803
4.066
(1) GNMA, FHLMC, AND FARMERS HOME ADM.
1
1
1
1
1 1 1
3 3
3
5
5 1
5
146
.989 -48
.912 -586 336 -530 -292
.473 685 768
.025 579 38
408 125
.878
.271
.315 -44 607
35
.735
.434 108 193
.735
.647 -566 .015 .21b
.050
POOLS.
1
1
1
1
4 4
4
6
4
6
156
.152 18
.353 861 286
-177 752
-243 -43
-200
735 542 481
-288 -219
.169 917 .235 -318 252
175
.841
.664 126 51
.841
.194 861 .547 786
.076
-1
-2
-1
2,
1,
-1
5, 5
5,
5
3 2' 6,
160
161 _1
140 -323 .096 239 534
.176 -776 .400
.639 807 644 .186 22
99 -295 877 .172 3 94
98
.661
.169 404 88
.661
.801 -323 .397 .727
.538
3,
2,
-1,
2,
1
1,
3, 2, 2,
3. 3,
3,
6,
5, 1,
5.
156
.338 -10
.9b8 -234 .727 941 552
.191 936 .255
.031 859 -355 527 360
.159
.553
.553 0
606
-23
.286
.206 91 -11
.286
.274 -234 .488 .020
.839
1
1 -1 -1
1
1
1 1
5 5
5
6 -1 7
6,
152
.136 48
.062
.482
.144 -594 256
.623 286 .337
921 684 -230 467 26
995 .328 .328
0 -333
11
.650
.363 229 58
.650
.712
.482
.215 979
.978
1.1 -2.5
2.5 1.6
-.2 -.6 -.6 -.1 .5
3.2 3.5 3.2 .2
-.3
3.8 -.1 3.0
9.4 -.4
10.3 8.2 8.2
-2.1
.6 17 1.1 16 1.1 19 - 20
-.5 21
4.8 23 4.3 24
111/77 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
(2) Sales of Outer Continental Shelf leases.
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool securities.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1977-11-29 | 3rd Quarter 1977
FEBRUARY 1 0 , 1978 U.S.GOVT. • CREDIT AGENCIES 14
UNADJUSTED NET FLOWS ($ MILL.)
SECTOR STATEMENTS OF SAVING AND INVESTMENT
U.S.GOVT. • CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ MILL.)
1 TOTAL RECEIPTS, NIA BASIS 2 PERSONAL TAXES 3 CORP. PROFITS TAX ACCRUALS 4 INDIRECT TAXES 5 SOCIAL INSURANCE RECEIPTS
6 TOTAL EXPENDITURES, NIA BASIS 7 GOODS • SERVICES 8 TRANSFERS, ETC. 9 NET INTEREST 10 NET SURPLUS, NIA BASIS 11 - INSURANCE CREDITS TO HH 12 = GROSS SAVING 13 • MINERAL RIGHTS SALES (2) 14 = NONFINANCIAL SURPLUS
15 NET FINANCIAL INVESTMENT 16 NET ACQ. OF FINANCIAL ASSETS 17 GOLD, SDR'S + OFF FGN EXCH 18 DEMAND DEPOSITS • CURRENCY 19 TIME DEPOSITS
20 CREDIT MARKET INSTRUMENTS 21 MORTGAGE POOL SECURITIES (3) 22 MORTGAGES 23 OTHER LOANS
24 TAXES RECEIVABLE 25 TRADE CREDIT 26 MISCELLANEOUS
27 NET INCREASE IN LIABILITIES 28 TREASURY CURR. • SDR CTFS.
29 CREDIT MARKET INSTRUMENTS 30 SAVINGS BONDS 31 OTHER TREASURY ISSUES 32 AGENCY ISSUES • MTGS.
33 LIFE • RETIREMENT RESERVES 34 TRADE DEBT 35 MISCELLANEOUS
36 DISCREPANCY 37 MEMO: CORP. TAX RECEIPTS, NET
1976 | III IV | I
1977 II III IV |
BILLIONS OF DOLLARS 1968 1969 1970 1971 1972
U.S. GOVERNMENT
88.159 42.750 14.404 6.068
24.937
80.554 38.247 13.943 5.922
22.442
83.688 33.732 12.614 5.347
31.995
103.696 48.224 15.899 6.688
32.885
97.599 47.987 14.946 6.476
28.190
88.907 40.726 16.026 6.323
25.832
95.932 100.963 101.261 31.775 34.947 3 3.404 57.367 58.852 60.668 6.790 7.164 7.189
-7.773 -20.409 -17.573 -1.300 389 -1.114 -6.473 -20.798 -16.459 1.311 544 213
-5.162 -20.254 -16.246
-6.294 -19.242 -18.678 12.048 511 -1.769
892 223 484 2.347 -5.341 -3.040 -154 161 -141
103.454 106.125 112.678 35.882 36.191 39.970 60.343 62.645 64.930 7.229 7.289 7.778
242 -8.526 -23.771 1.490 6.184 164
-1.248 -14.710 -23.935 482 1.135 640
-766 -13.575 -23.295
-2.491 -14.731 -22.142 -1.204 11.221 -799
74 -214 -73 7.082 2.813 -7.210
220 -50 -40
4.063 841 17
3.205
4.455 130 315
18.342 199
18.028 1.302
16.473 253
-1.300 1.957 -542
1.132 9.949
2.207 1.100
-1.060 2.167
3.059 0
202
19.753 503
17.430 1.095
16.754 -419
389 870 561
-1.012 10.884
1.154 1.000 -719 873
-199 -151 124
16.909 -11
17.626 1.185
16.628 -187
-1.114 933
-525
2.432 12.813
1.289 1.150 478
-339
-9.025 -1.115
271
1.287 117
-1.145 1.245
-2.282 -108
1.490 612 213
1.725 24.924
5.295 1.715 -193
3.773
2.792 511 74
25.952 99
19.606 1.124 19.005
-523
6.184 777
-714
1.156 12.154
3.194 680 373
2.141
3.020 150 160
21.343 95
20.676 1.190
19.554 -68
164 307 101
-1.153 13.006
174.7 79.6 36.3 18.0 40.8
180.6 98.0 71.2 11.4 -5.8 1.3
-7.1 1.3
-5.8
-8.7 7.3 2.0
-1.7 .1
5.2 .1
1.4 3.7
1.3 .6
-.2
16.0 .4
13.6 .6
9.8 3.1
1.3
* .7
2.9 35.0
197.0 94.8 36.2 19.0 47.0
188.4 97.5 78.1 12.9 8.5 1.6 7.0
* 7.0
6.0 3.5 1.4 1.1 -.2
3.1 -1.3 1.0 3.5
-3.0 .9 .1
-2.5 .3
-3.7 -.1
-1.2 -2.4
1.6 -.3 -.4
1.0 39.2
192.1 92.2 30.8 19.3 49.7
204.2 95.6 94.3 14.3
-12.1 2.5
-14.6 .3
-14.3
-14.5 .4
-2.0 2.5 .3
2.8 -.1 .3
2.6
-2.6 -.8 .3
14.9 .6
11.9 .3
12.6 -1.0
2.5 -.6 .5
.2 33.4
198.6 89.9 33.5 20.4 54.9
220.6 96.2
110.4 14.0
-22.0 2.9
-24.9 .7
-24.2
-24.6 3.9
-2.2 3.3 .1
2.8
* -.4 3.2
1.5 -1.7
.1
28.5 .5
24.9 2.3
23.7 -1.1
2.9 -.7 .8
.4 32.0
227.5 1 108.2 2 36.6 3 20.0 4 62.8 5
244.7 6 102.1 7 128.1 8 14.6 9
-17.3 10 3.1 11
-20.4 12 .9 13
-19.5 14
-19.5 15 -.9 16 -.4 17
-1.0 18 .1 19
1.8 20 * 21
-.7 22 2.5 23
-.7 24 -.8 25 .1 26
18.7 27 .5 28
15.1 29 3.3 30
11.0 31 .8 32
3.1 33 -.1 34
* 35
* 36 37.3 37
FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS
SPONSORED CREDIT AGENCIES
1 CURRENT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS • CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIQUID ASSETS 6 U.S.GOVT. SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS + RP'S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S + L ASSOC.
12 LOANS TO AGRICULTURE 13 FARM MORTGAGES 14 LOANS TO COOPS (BC) 15 LOANS TO FARMERS (FICB) 16 MISCELLANEOUS ASSETS
17 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U.S. GOVERNMENT LOANS 21 MISCELLANEOUS LIABILITIES
22 DISCREPANCY
FEDERALLY SPONSORED MORTGAGE POOLS
23 NET ACQ. OF MORTGAGES
24 HOME MORTGAGES 25 MULTIFAMILY MORTGAGES 26 FARM MORTGAGES
27 NET INCR. IN POOL SECURITIES
146
1.989 -48
1.912 -586 336
-530 -392
1.473 685 788
1.025 579 38
408 125
1.878 1.271 1.315
-44 607
158
1.152 18
1.353 861 286
-177 752
-243 -43
-200
735 542 481
-288 -219
1.169 917
1.235 -318 252
160
161 -1
140 -323
-1.096 239 534
-2.176 -776
-1.400
2.639 807 644
1.188 22
99 -295 877
-1.172 394
156
3.338 -10
2.988 -234
-1.983 941 808
2.191 936
1.255
1.031 859
-355 527 360
3.159 2.553 2.553
0 606
166
1.136 48
1.025 -1.472
-596 -594 -282
1.576 239
1.337
921 684
-230 467 63
986 1.351 1.351
0 -365
150
2.531 -85
2.265 -1.229
165 -353
-1.041
3.261 142
3.119
233 592 310
-669 351
2.511 2.139 2.139
0 372
3.735 3.434
108 193
4.841 4.664
126 51
5.661 5.169
404 88
3.286 3.206
91 -11
5.919 5.559
277 83
5.535 5.060
427 48
3.735 4 .841 5.919 5.535
MEMO: TOTALS FOR AGENCIES ANO POOLS— 28 CREDIT MARKET INSTRUMENTS 5 .647 29 LIQUID ASSETS - 5 8 6 30 HOUSING CREDIT 5 .015 31 LOANS TO AGRICULTURE 1.218
32 NET SECURITY ISSUES 5 .050 6 .076 6 . 5
( 1 ) GNMA, FHLMC, AND FARMERS HOME ADM. POOLS.
I V / 7 7 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
(2) Sales of Outer Continental Shelf leases.
6.194 861
4.547 786
5.801 -323
3.397 2.727
6.274 -234
5.488 1.020
6.944 -1.472 7.412 1.004
7.800 -1.229 8.748
281
5.839 7.270 7.674
.1
3.2
* 3.2 -.1 -.1
-*
2.5 1.6 .9
.8
.5
.1
.2
* 3.2 3.5 3.2 .2
-.3
.1
.5
.4
.1
9.2
# 8.8 -.4 -.6
-.2 7.8 3.8 4.0
1.4 .6 .2 .6 .4
9.1 8.8 9.1 -.3 .4
.1
.7
.4
.1
10.3
* 9.6 1.9 1.1
-.8 6.2 4.9 1.3
1.5 .5 .3 .7 .8
10.3 8.2 8.2
-2.1 .1
1.6 1.2
.2
.7
.1
.5 -1.2 -.5
--.6 .2
2.9 -2.7
1.4 .7
* .7 .2
.6 1.1 1.1
--.5 .1
4.8 4.3
.2 1
3.9 2 * 3
4.4 4 -.4 5
-1.2 6 .4 7 .4 8
2.9 9 2.8 10
* 11
1.9 12 1.2 13 .3 14 .4 15
-.4 16
3.8 17 3.5 18 3.5 19 - 20 .3 21
.1 22
4.9 23 4.3 24
3.8 -.1 3.0 .9
9.4 -.4 8.3 1.6
11.1 1.9 7.5 1.8
5.2 -1.2 4.5 1.8
.3 25
.3 26
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool securities.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1978-02-10 | 4th Quarter 1977
MAY 15. 1978
U.S.GOVT. • CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ MILL.)
SECTOR STATEMENTS OF SAVING AND INVESTMENT
U.S.GOVT. + CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ MILL.)
1 2 3 4 5
6 7 8 9
1 0 1 1 12 1 3 1 4
15 1 6 1 7 1 8 1 9
2 0 2 1 2 2 2 3
2 4 2 5 2 6
2 7 2 8
2 9 3 0 3 1 3 2
3 3 3 4 3 5
3 6 3 7
SPt
TOTAL R E C E I P T S , N I A B A S I S PERSONAL TAXES C O R P . P R O F I T S TAX ACCRUALS I N D I R E C T TAXES S O C I A L INSURANCE R E C E I P T S
TOTAL E X P E N D I T U R E S , N I A B A S I S GOODS • S E R V I C E S T R A N S F E R S , E T C . NET I N T E R E S T
N E T S U R P L U S , N I A B A S I S - INSURANCE C R E D I T S TO HH = GROSS S A V I N G • M I N E R A L R I G H T S SALES ( 2 ) = N O N F I N A N C I A L SURPLUS
N E T F I N A N C I A L I N V E S T M E N T NET A C Q . OF F I N A N C I A L A S S E T S
G O L D , S D R * S + OFF FGN EXCH DEMAND D E P O S I T S • CURRENCY T I M E D E P O S I T S
C R E D I T MARKET I N S T R U M E N T S MORTGAGE POOL SECURITIES ( 3 )
MORTGAGES OTHER LOANS
TAXES R E C E I V A B L E TRADE C R E D I T M ISCELLANEOUS
NET INCREASE I N L I A B I L I T I E S TREASURY C U R R . • SDR C T F S .
C R E D I T MARKET I N S T R U M E N T S S A V I N G S BONDS OTHER TREASURY I S S U E S AGENCY I S S U E S • M T G S .
L I F E • R E T I R E M E N T RESERVES TRADE DEBT MISCELLANEOUS
D I S C R E P A N C Y MEMO: C O R P . TAX R E C E I P T S , NET
3NS0RED C R E D I T A G E N C I E S
1 9 7 6 I V
8 0 . 5 5 4 3 8 . 2 4 7 1 3 . 9 4 3
5 . 9 2 2 2 2 . 4 4 2
1 0 0 . 9 6 3 3 4 . 9 4 7 5 8 . 8 5 2
7 . 1 6 4 - 2 0 . 4 0 9
3 8 9 - 2 0 . 7 9 8
5 4 4 - 2 0 . 2 5 4
- 1 9 . 2 4 2 5 1 1 2 2 3
- 5 . 3 4 1 1 6 1
2 . 2 0 7 1 . 1 0 0
- 1 . 0 6 0 2 . 1 6 7
3 . 0 5 9 0
2 0 2
1 9 . 7 5 3 5 0 3
1 7 . 4 3 0 1 . 0 9 5
1 6 . 7 5 4 - 4 1 9
3 8 9 8 7 0 5 6 1
- 1 . 0 1 2 1 0 . 8 8 4
| 1 I
8 3 . 6 8 8 3 3 . 7 3 2 1 2 . 6 1 4
5 . 3 4 7 3 1 . 9 9 5
1 0 1 . 2 6 1 3 3 . 4 0 4 6 0 . 6 6 8
7 . 1 8 9 - 1 7 . 5 7 3
- 1 . 1 1 4 - 1 6 . 4 5 9
2 1 3 - 1 6 . 2 4 6
- 1 8 . 5 4 5 - 1 . 7 9 8
4 8 4 - 3 . 0 4 0
- 1 4 1
1 . 1 5 4 1 . 0 0 0
- 7 1 9 8 7 3
- 1 9 9 - 1 8 0
1 2 4
1 6 . 7 4 7 - 1 1
1 7 . 6 2 6 1 . 1 8 5
1 6 . 6 2 8 - 1 8 7
- 1 . 1 1 4 7 7 1
- 5 2 5
2 . 2 9 9 1 2 . 8 1 3
1 9 7 7 I I
1 0 3 . 6 9 6 4 8 . 2 2 4 1 5 . 8 9 9
6 . 6 8 8 3 2 . 8 8 5
1 0 3 . 4 5 4 3 5 . 8 8 2 6 0 . 3 4 3
7 . 2 2 9 2 4 2
1 . 4 9 0 - 1 . 2 4 8
4 8 2 - 7 6 6
- 1 . 3 7 2 - 2 8 1
7 4 7 . 0 8 2
2 2 0
1 . 2 8 9 1 . 1 5 0
4 7 8 - 3 3 9
- 9 . 0 2 5 - 1 9 2
2 7 1
1 . 0 9 1 1 1 7
- 1 . 1 4 5 1 . 2 4 5
- 2 . 2 8 2 - 1 0 8
1 . 4 9 0 4 1 6 2 1 3
6 0 6 2 4 . 9 2 4
FEDERALLY
I I I
9 7 . 5 9 9 4 7 . 9 8 7 1 4 . 9 4 6
6 . 4 7 6 2 8 . 1 9 0
1 0 6 . 1 2 5 3 6 . 1 9 1 6 2 . 6 4 5
7 . 2 8 9 - 8 . 5 2 6
6 . 1 8 4 - 1 4 . 7 1 0
1 . 1 3 5 - 1 3 . 5 7 5
- 1 4 . 7 5 8 1 0 . 9 9 4
- 2 1 4 2 . 8 1 3
- 5 0
5 . 0 6 0 1 . 7 1 5
- 1 9 3 3 . 5 3 8
2 . 7 9 2 4 7 3 1 2 0
2 5 . 7 5 2 9 9
1 9 . 6 0 6 1 . 1 2 4
1 9 . 0 0 5 - 5 2 3
6 . 1 8 4 5 7 7
- 7 1 4
1 . 1 8 3 1 2 . 1 5 4
I V 1 1 9 7 8
1 I U . S . GOVERNMENT
8 8 . 9 2 3 4 0 . 7 5 2 1 5 . 9 8 8
6 . 3 3 5 2 5 . 8 4 8
1 1 2 . 5 6 7 3 9 . 9 6 9 6 4 . 6 6 8
7 . 9 3 0 - 2 3 . 6 4 4
1 6 4 - 2 3 . 8 0 8
6 4 0 - 2 3 . 1 6 8
- 2 1 . 9 6 4 - 3 8 6
- 7 3 - 7 . 2 1 0
- 4 0
4 . 6 4 3 1 . 4 8 0
2 0 4 2 . 9 5 9
2 . 9 8 2 - 8 7 3
1 8 5
2 1 . 5 7 8 9 5
2 0 . 6 7 6 1 . 1 9 0
1 9 . 5 5 4 - 6 8
1 6 4 5 4 2 1 0 1
- 1 . 2 0 4 1 3 . 0 0 6
9 2 . 0 3 6 3 7 . 0 8 3 1 2 . 6 2 7
5 . 4 8 6 3 6 . 8 4 0
1 1 3 . 1 3 9 3 7 . 3 1 4 6 7 . 2 6 7
8 . 5 5 8 - 2 1 . 1 0 3
- 1 . 1 7 4 - 1 9 . 9 2 9
2 8 9 - 1 9 . 6 4 0
- 2 1 . 2 2 1 - 1 . 4 4 3
- 2 9 5 - 5 . 6 9 3
- 1 0
4 . 3 2 5 1 . 9 5 5
- 2 5 8 2 . 6 2 8
1 9 7 - 2 1 0
2 4 3
1 9 . 7 7 8 1 3 6
2 0 . 7 9 1 1 . 1 9 6
1 9 . 9 4 3 - 3 4 8
- 1 . 1 7 4 1 8 0
- 1 5 5
1 . 5 8 1 1 2 . 4 3 0
1 9 6 8
1 7 4 . 7 7 9 . 6 3 6 . 3 1 8 . 0 4 0 . 8
1 8 0 . 6 9 8 . 0 7 1 . 2 1 1 . 4 - 5 . 8
1 . 3 - 7 . 1
1 . 3 - 5 . 8
- 8 . 7 7 . 3 2 . 0
- 1 . 7 . 1
5 . 2 . 1
1 . 4 3 . 7
1 . 3 . 6
- . 2
1 6 . 0 . 4
1 3 . 6 . 6
9 . 8 3 . 1
1 . 3
* . 7
2 . 9 3 5 . 0
SPONSORED C R E D I T A G E N C I E S AND MORTGAGE
B I L L I O N S OF DOLLARS 1 9 6 9
1 9 7 . 0 9 4 . 8 3 6 . 2 1 9 . 0 4 7 . 0
1 8 8 . 4 9 7 . 5 7 8 . 1 1 2 . 9
8 . 5 1 . 6 7 . 0
* 7 . 0
6 . 0 3 . 5 1 . 4 1 . 1 - . 2
3 . 1 - 1 . 3
1 . 0 3 . 5
- 3 . 0 . 9 . 1
- 2 . 5 . 3
- 3 . 7 - . 1
- 1 . 2 - 2 . 4
1 . 6 - . 3 - . 4
1 . 0 3 9 . 2
POOLS
1 9 7 0
1 9 2 . 1 9 2 . 2 3 0 . 8 1 9 . 3 4 9 . 7
2 0 4 . 2 9 5 . 6 9 4 . 3 1 4 . 3
- 1 2 . 1 2 . 5
- 1 4 . 6 . 3
- 1 4 . 3
- 1 4 . 5 . 4
- 2 . 0 2 . 5
. 3
2 . 8 - . 1
. 3 2 . 6
- 2 . 6 - . 8
. 3
1 4 . 9 . 6
1 1 . 9 . 3
1 2 . 6 - 1 . 0
2 . 5 - . 6
. 5
. 2 3 3 . 4
1 9 7 1
1 9 8 . 6 8 9 . 9 3 3 . 5 2 0 . 4 5 4 . 9
2 2 0 . 6 9 6 . 2
1 1 0 . 4 1 4 . 0
- 2 2 . 0 2 . 9
- 2 4 . 9 . 7
- 2 4 . 2
- 2 4 . 6 3 . 9
- 2 . 2 3 . 3
. 1
2 . 8 •
- . 4 3 . 2
1 . 5 - 1 . 7
. 1
2 8 . 5 . 5
2 4 . 9 2 . 3
2 3 . 7 - 1 . 1
2 . 9 - . 7
. 8
. 4 3 2 . 0
1 9 7 2
2 2 7 . 5 1 0 8 . 2
3 6 . 6 2 0 . 0 6 2 . 8
2 4 4 . 7 1 0 2 . 1 1 2 8 . 1
1 4 . 6 - 1 7 . 3
3 . 1 - 2 0 . 4
. 9 - 1 9 . 5
- 1 9 . 5 - . 9 - . 4
- 1 . 0 . 1
1 . 8
* - . 7 2 . 5
- . 7 - . 8
. 1
1 8 . 7 . 5
1 5 . 1 3 . 3
1 1 . 0 . 8
3 . 1 - . 1
* *
3 7 . 3
1 2 3 4 5
6 7 8 9
1 0 1 1 1 2 1 3 1 4
15 16 1 7 1 8 1 9
2 0 2 1 2 2 2 3
2 4 2 5 2 6
2 7 2 8
2 9 3 0 3 1 3 2
3 3 3 4 3 5
3 6 3 7
1 CURRENT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS • CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIOUID ASSETS 6 U.S.GOVT. SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS • RP»S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S • L ASSOC.
12
13
14
15
16
LOANS TO AGRICULTURE
FARM MORTGAGES
LOANS TO COOPS (BO
LOANS TO FARMERS (FICB)
MISCELLANEOUS ASSET*
17 NET INCREASE IN LIABILITIES
18 CREDIT MARKET INSTRUMENTS
19 SPONS. AGENCY ISSUES
20 U.S. GOVERNMENT LOANS
21 MISCELLANEOUS LIABILITIES
22 DISCREPANCY 1
FEDERALLY SPONSORED MORTGAGE POOLS (1)
23 NET ACQ. OF MORTGAGES
24 HOME MORTGAGES
25 MULTIFAMILY MORTGAGES
26 FARM MORTGAGES
27 NET INCR. IN POOL SECURITIES
1.152 1 8
1.353 8 6 1 2 8 6
- 1 7 7 7 5 2
-243 - 4 3
- 2 0 0
7 3 5 5 4 2 4 8 1
- 2 8 8 - 2 1 9
1 .169 9 1 7
1.235 -318
2 5 2
1 6 1 - 1
1 4 0 - 3 2 3
- 1 . 0 9 6 2 3 9 5 3 4
- 2 . 1 7 6 -776
- 1 . 4 0 0
2 .639 8 0 7 6 4 4
1.188 2 2
9 9 -295
8 7 7 - 1 . 1 7 2
3 9 4
3 .338 - 1 0
2 .988 -234
- 1 . 9 8 3 9 4 1 8 0 8
2 . 1 9 1 9 3 6
1.255
1.031 8 5 9
-355 5 2 7 3 6 0
3 .159 2 .553 2 .553
0 6 0 6
1.136 4 8
1.025 - 1 . 4 7 2
- 5 9 6 -594 -282
1.576 2 3 9
1.337
9 2 1 6 8 4
- 2 3 0 4 6 7
6 3
9 8 6 1 .351 1 .351
0 -365
2 .797 3 2
2 .304 - 1 . 3 8 4
-127 - 3 5 3 -904
3 . 2 6 1 1 4 2
3 .119
4 2 7 5 9 2 5 7 0
-735 4 6 1
2 .833 2 .175 2 .175
0 6 5 8
4 .807 - 4 0
4 . 6 4 1 1.454
4 9 -237
1.642
2 .438 1.333 1.105
7 4 9 7 6 8 3 4 0
-359 2 0 6
4 .685 4 .288 4 .288
0 3 9 7
. 1
3 . 2
* 3 . 2 - . 1 - . 1
— •
2 . 5 1 . 6
. 9
. 8
. 5
. 1
. 2
* 3 . 2 3 . 5 3 . 2
. 2 - . 3
. 1
9 . 2 •
8 . 8 - . 4 - . 6
— . 2
7 . 8 3 . 8 4 . 0
1 . 4 . 6 . 2 . 6 . 4
9 . 1 8 . 8 9 . 1 - . 3
. 4
. 1
10 .3
* 9 . 6 1 . 9 1 . 1
— . 8
6 . 2 4 . 9 1 . 3
1 . 5 . 5 . 3 . 7 . 8
10 .3 8 . 2 8 . 2
-2 . 1
. 2
. 7
. 1
. 5 - 1 . 2
- . 5
— - . 6
. 2 2 . 9
- 2 . 7
1 . 4 . 7
* . 7 . 2
. 6 1 . 1 1 . 1
-- . 5
. 2 1
3 .9 2 * 3
4 . 4 4 - . 4 5
- 1 . 2 6 . 4 7 . 4 8
2 .9 9 2 .8 10
* 11
1.9 12 1.2 13
. 3 14
. 4 15 - . 4 16
3 .8 17 3 .5 18 3 .5 19
- 20 . 3 21
4 . 8 4 1 4 . 6 6 4
1 2 6 5 1
5 .661 5 .169
4 0 4 8 8
3 .286 3 .206
9 1 - 1 1
5 .919 5 .559
2 7 7 8 3
5.622 5 .060
4 0 7 1 5 5
3 .268 2.845
3 2 6 9 7
4 . 8 4 1 5 .661 3 .286 5 .919 5 .622
MEMO: TOTALS FOR AGENCIES AND POOLS— 28 CREDIT MARKET INSTRUMENTS 6 .194 29 LIQUID ASSETS 861 30 HOUSING CREDIT 4 . 5 4 7 31 LOANS TO AGRICULTURE 786
32 NET SECURITY ISSUES 6 .076 6 .538 5 .83
( 1 ) GNMA, FHLMC, AND FARMERS HOME ADM. POOLS.
1 /78 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
(2) Sales of Outer Continental Shelf leases.
5 . 8 0 1 -323
3 .397 2 .727
6 .274 -234
5.488 1.020
6 .944 - 1 . 4 7 2
7 .412 1.004
7 .926 - 1 . 3 8 4
8.728 5 8 2
7 .909 1.454 5 .609
8 4 6
3.8 - . 1 3 .0
. 9
- . 4 8 .3 1 .6
7 . 2 7 0 7 .797
1.6 1.2
11.1 1.9 7.5 1.8
9 . 8
- 1 . 2 4.5
4 .9 23 4 . 3 24
. 3 25
. 3 26
4 . 9 27
9 .2 28 - . 4 29 7 . 4 30 2 . 2 31
32
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool securities.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1978-05-15 | 1st Quarter 1978
AUGUST 3 0 , 1978 U.S.GOVT. • CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ M I L L . )
SECTOR STATEMENTS OF SAVING AND INVESTMENT
U.S.GOVT. • CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ M I L L . )
1977 II III
BILLIONS OF DOLLARS 1969 1970 1971
U.S. GOVERNMENT
1 2 3 4 5
6 7 8 9
1 0 1 1 1 2 1 3 1 4
15 1 6 1 7 1 8 1 9
2 0 2 1 2 2 2 3
2 4 2 5 2 6
2 7 2 8
2 9 3 0 3 1 3 2
3 3 3 4 3 5
3 6 3 7
TOTAL R E C E I P T S , N I A B A S I S PERSONAL TAXES C O R P . P R O F I T S TAX ACCRUALS I N D I R E C T TAXES S O C I A L INSURANCE R E C E I P T S
TOTAL E X P E N D I T U R E S , N I A B A S I S GOODS • S E R V I C E S T R A N S F E R S , E T C . NET I N T E R E S T
NET S U R P L U S , N I A B A S I S - INSURANCE C R E D I T S TO HH - GROSS S A V I N G + M I N E R A L R I G H T S SALES ( 2 ) = N O N F I N A N C I A L SURPLUS
N E T F I N A N C I A L INVESTMENT NET A C Q . OF F I N A N C I A L ASSETS
G O L D , SDR»S + OFF FGN EXCH DEMAND D E P O S I T S • CURRENCY T I M E D E P 0 S I 1 S
C R E D I T MARKET INSTRUMENTS MORTGAGE POOL SECURITIES ( 3 ) MORTGAGES OTHER LOANS
TAXES R E C E I V A B L E TRADE C R E D I T MISCELLANEOUS
NET INCREASE I N L I A B I L I T I E S TREASURY CURR. • SDR C T F S .
C R E D I T MARKET INSTRUMENTS S A V I N G S BONDS OTHER TREASURY I S S U E S AGENCY I S S U E S + M T G S .
L I F E • R E T I R E M E N T RESERVES TRADE DEBT MISCELLANEOUS
D ISCREPANCY MEMO: C O R P . TAX R E C E I P T S , NET
8 5 . 0 3 1 3 3 . 5 9 8 1 3 . 2 5 8
5 . 8 0 2 3 2 . 3 7 3
1 0 1 . 3 8 1 3 3 . 9 0 7 6 0 . 3 7 2
7 . 1 0 2 - 1 6 . 3 5 0
- 1 . 1 3 1 - 1 5 . 2 1 9
2 1 3 - 1 5 . 0 0 6
- 1 7 . 6 8 4 - 1 . 1 6 4
4 8 4 - 3 . 0 4 0
- 1 4 1
1 . 1 5 2 1 . 0 0 0
- 7 1 9 8 7 1
4 4 5 - 1 8 0
1 1 6
1 6 . 5 2 0 - 1 1
1 7 . 6 2 6 1 . 1 8 5
1 6 . 6 2 8 - 1 8 7
- 1 . 1 3 1 5 6 1
- 5 2 5
2 . 6 7 8 1 2 . 8 1 3
1 0 4 . 0 0 6 4 8 . 2 4 5 1 6 . 4 5 9
6 . 2 5 7 3 3 . 0 4 5
1 0 3 . 3 8 7 3 5 . 9 4 4 6 0 . 3 5 8
7 . 0 8 5 6 1 9
1 . 4 6 8 - 8 4 9
4 8 2 - 3 6 7
- 7 5 8 2 7 3
7 4 7 . 0 8 2
2 2 0
1 . 2 7 8 1 . 1 5 0
4 7 8 - 3 5 0
- 8 . 4 6 5 - 1 9 2
2 7 6
1 . 0 3 1 1 1 7
- 1 . 1 4 5 1 . 2 4 5
- 2 . 2 8 2 - 1 0 8
1 . 4 6 8 3 7 8 2 1 3
3 9 1 2 4 . 9 2 4
9 8 . 0 1 1 4 7 . 0 7 7 1 6 . 0 0 2
6 . 5 6 6 2 8 . 3 6 6
1 0 6 . 2 2 6 3 5 . 9 0 9 6 3 . 1 4 7
7 . 1 7 0 - 8 . 2 1 5
6 . 1 6 4 - 1 4 . 3 7 9
1 . 1 3 5 - 1 3 . 2 4 4
- 1 3 . 6 8 2 1 2 . 0 5 8
- 2 1 4 2 . 8 1 3
- 5 0
5 . 0 6 4 1 . 7 1 5
- 1 9 3 3 . 5 4 2
3 . 8 4 8 4 7 3 1 2 4
2 5 . 7 4 0 9 9
1 9 . 6 0 6 1 . 1 2 4
1 9 . 0 0 5 - 5 2 3
6 . 1 6 4 5 8 5
- 7 1 4
4 3 8 1 2 . 1 5 4
8 7 . 4 0 2 4 0 . 5 2 2 1 5 . 5 6 6
6 . 4 1 4 2 4 . 9 0 0
1 1 1 . 6 0 4 3 9 . 3 0 3 6 4 . 5 3 7
7 . 7 6 4 - 2 4 . 2 0 2
1 4 8 - 2 4 . 3 5 0
6 4 0 - 2 3 . 7 1 0
- 2 2 . 6 7 8 - 1 . 1 0 9
- 7 3 - 7 . 3 6 8
1 1 8
4 . 3 4 0 1 . 4 8 0
2 0 4 2 . 6 5 6
2 . 5 6 0 - 8 7 3
1 8 7
2 1 . 5 6 9 9 5
2 0 . 6 7 6 1 . 1 9 0
1 9 . 5 5 4 - 6 8
1 4 8 5 4 9 1 0 1
- 1 . 0 3 2 1 3 . 0 0 6
9 4 . 2 0 2 3 7 . 3 4 4 1 3 . 2 4 4
6 . 3 4 2 3 7 . 2 7 2
1 1 2 . 5 7 4 3 6 . 9 4 2 6 7 . 2 3 6
8 . 3 9 6 - 1 8 . 3 7 2
- 1 . 1 8 4 - 1 7 . 1 8 8
2 8 9 . - l t > . 8 9 9
- 1 9 . 8 5 5 5 7 9
- 2 9 5 - 5 . 5 1 5
- 1 8 8
5 . 5 8 3 1 . 9 5 5
- 5 3 6 4 . 1 6 4
8 1 4 - 1 5 7
3 3 7
2 0 . 4 3 4 1 3 6
2 0 . 7 9 2 1 . 1 9 6
1 9 . 9 4 3 - 3 4 7
- 1 . 1 8 4 8 4 5
- 1 5 5
2 . 9 5 6 1 2 . 4 3 0
1 1 5 . 4 5 0 5 1 . 0 7 1 1 9 . 2 4 3
6 . 9 1 0 3 8 . 2 2 6
1 1 1 . 9 6 3 3 6 . 9 5 6 6 6 . 4 3 2
8 . 5 7 5 3 . 4 8 7 1 . 5 4 3 1 . 9 4 4 1 . 0 9 7 3 . 0 4 1
2 . 3 7 0 6 . 4 4 3
- 3 1 5 1 1 . 2 3 7
1 1 0
2 . 9 8 6 2 . 8 6 0
2 2 9 - 1 0 3
- 6 . 8 3 3 - 1 . 1 0 5
3 6 3
4 . 0 7 3 9 7
2 . 5 8 3 1 . 1 5 8 1 . 5 4 8
- 1 2 3
1 . 5 4 3 5 1 4
- 6 6 4
6 7 1 2 6 . 0 7 6
. 7 4 . 7 7 9 . 6 3 6 . 3 1 8 . 0 4 0 . 8
. 8 0 . 6 9 8 . 0 7 1 . 2 1 1 . 4 - 5 . 8
1 . 3 - 7 . 1
1 . 3 - 5 . 8
- 8 . 7 7 . 3 2 . 0
- 1 . 7 . 1
5 . 2 . 1
1 . 4 3 . 7
1 . 3 . 6
- . 2
1 9 7 . 0 9 4 . 8 3 6 . 2 1 9 . 0 4 7 . 0
1 6 8 . 4 9 7 . 5 7 8 . 1 1 2 . 9
8 . 5 1 . 6 7 . 0
* 7 . 0
6 . 0 3 . 5 1 . 4 1 . 1 - . 2
3 . 1 - 1 . 3
1 . 0 3 . 5
- 3 . 0 . 9 . 1
1 9 2 . 1 9 2 . 2 3 0 . 8 1 9 . 3 4 9 . 7
2 0 4 . 2 9 5 . 6 9 4 . 3 1 4 . 3
- 1 2 . 1 2 . 5
- 1 4 . 6 . 3
- 1 4 . 3
- 1 4 . 5 . 4
- 2 . 0 2 . 5
. 3
2 . 8 - . 1
. 3 2 . 6
- 2 . 6 - . 8
• 3
1 9 8 . 6 6 9 . 9 3 3 . 5 2 0 . 4 5 4 . 9
2 2 0 . 6 9 6 . 2
1 1 0 . 4 1 4 . 0
- 2 2 . 0 2 . 9
- 2 4 . 9 . 7
- 2 4 . 2
- 2 4 . 6 3 . 9
-Z.Z 3 . 3
. 1
2 . 8
* - . 4 3 . 2
1 . 5 - 1 . 7
. 1
2 2 7 . 5 1 0 8 . 2
3 6 . 6 2 0 . 0 6 2 . 8
2 * 4 . 7 1 0 2 . 1 1 2 8 . 1
1 4 . 6 - 1 7 . 3
3 . 1 - 2 0 . 4
. 9 - 1 9 . 5
- 1 9 . 5 - . 9 - . 4
- 1 . 0 . 1
1 . 8
* - . 7 2 . 5
- . 7 - . 8
. 1
1 2 3 4 5
6 7 8 9
1 0 1 1 1 2 1 3 1 4
15 1 6 1 7 18 1 9
2 0 2 1 2 2 2 3
2 4 2 5 2 6
- . 1 -1.2 -2.4
1 . 6 - . 3
. 3 12.6 - 1 . 0
2 . 5 - . 6
2 . 3 23.7 - 1 . 1
2 . 9 - . 7
3.3 30 11.0 31
.8 32
3.1 33 - . 1 34
FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS
SPONSORED CREDIT AGENCIES
1 CURRENT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIQUID ASSETS 6 U.S.GOVT. SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS + RP»S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S • L ASSOC.
12 LOANS TO AGRICULTURE 13 FARM MORTGAGES 14 LOANS TO COOPS CBC) 15 LOANS TO FARMERS (FICB)
MISCELLANEOUS ASSETS 16
17 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U.S. GOVERNMENT LOANS 21 MISCELLANEOUS LIABILITIES
22 DISCREPANCY
FEDERALLY SPONSORED MORTGAGE POOLS (1)
1 6 1 - 1
1 4 0 -32 3
1.096 2 3 9 5 3 4
-2 .176 - 7 7 6
-1 .400
2 .639 8 0 7 6 4 4
1.188 2 2
9 9 -295
8 7 7 -1.172
3 9 4
3.338 - 1 0
2.988 -234
- 1 .983 9 4 1 8 0 8
2 . 1 9 1 9 3 6
1.255
1.031 8 5 9
-355 5 2 7 3 6 0
3.159 2 .553 2 .553
0 6 0 6
1.136 4 8
1.025 - 1 . 4 7 2
- 5 9 6 - 5 9 4 -282
1.576 2 3 9
1.337
9 2 1 6 8 4
- 230 4 6 7
6 3
9 8 6 1 .351 1.351
0 -365
2 .797 3 2
2 .304 - 1 . 3 8 4
-127 -353 -904
3 .261 1 4 2
3 . 1 1 9
4 2 7 5 9 2 5 7 0
-735 4 6 1
2.833 2 .175 2.175
0 6 5 8
5.260 - 4 0
4 .862 1.232
7 - 2 3 7
1.462
2 . 8 8 1 1.77fa 1.105
7 4 9 7 6 8 3 4 0
- 3 5 9 4 3 8
5.080 4 .424 4 .424
0 6 5 6
7.702 3 7
7.095 -364
4 3 3 - 3 6 1 -436
5 .640 1.644 3 .996
1.819 8 9 6
5 0 8 7 3 5 7 0
7.448 6.242 6.242
0 1.206
23 NET ACQ. OF MORTGAGES 24 HOME MORTGAGES 25 MULTIFAMILY MORTGAGES 26 FARM MORTGAGES
27 NET INCR. IN POOL SECURITIES
. 6 6 1
.169 404
5 .661
MEMO: TOTALS FOR AGENCIES AND POOLS — 28 CREDIT MARKET INSTRUMENTS 5 . 8 0 1 29 LIQUID ASSETS -323 30 HOUSING CREDIT 3 .397 31 LOANS TO AGRICULTURE 2 .727
3 .286 3 .206
- 1 1
3 .286
6 .274 - 2 3 4
5 .488 1.020
5.919 5 .559
277 83
5.622 5 .060
407 155
5 .919 5.622
6 .944 -1.472 7.412 1.004
7.926 - 1 . 3 8 4 8.728
582
3 . 7 9 1 3 .437
279
8 .653 1.232 6 .597
824
3 .837 3 .396
348
10.932 - 3 6 4
9 .384 1.912
32 NET SECURITY ISSUES 6.538 5 .839 7 .270
(1) GNMA, FHLMC, AND FARMERS HOME ADM. POOLS.
11 /78 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
(2) Sales of Outer Continental Shelf leases.
7.797 8.215 10 .079
3.2 -.1 -.1
3.2 3.5
-.1 3.0
9.4 -.4
6.2 4.9
10.3 8.2 6.2
.5 -1.2 -.5
3.8 17 3.5 18
4.9 23 4.3 24
-.4 29 7.4 30
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool securities.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1978-08-30 | 2nd Quarter 1978 and Revisions, 1972-1977
NOVEMBER 1 3 , 1978 U.S.GOVT. • CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ MILL.)
SECTOR STATEMENTS OF SAVING AND INVESTMENT
U.S.GOVT. + CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ MILL.)
1 2 3 4 5
6 7 8 9
10 11 12 13 14
15 16 17 18 19
20 21 22 23
24 25 26
27 28
29 30 31 32
33 34 35
36 37
TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES SOCIAL INSURANCE RECEIPTS
TOTAL EXPENDITURES, NIA BASIS GOODS • SERVICES TRANSFERS, ETC. NET INTEREST
NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING + MINERAL RIGHTS SALES (2) = NONFINANCIAL SURPLUS
NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS
GOLD, SDR*S + OFF FGN EXCH DEMAND DEPOSITS + CURRENCY TIME DEPOSITS
CREDIT MARKET INSTRUMENTS MORTGAGE POOL SECURITIES (3) MORTGAGES OTHER LOANS
TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS
NET INCREASE IN L IABILIT IES TREASURY CURR. + SDR CTFS.
CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES + MTGS.
LIFE + RETIREMENT RESERVES TRADE DEBT MISCELLANEOUS
DISCREPANCY MEMO: CORP. TAX RECEIPTS, NET
I I
104.006 48 .245 16.459 6 .257
33.045
103.387 35 .944 60 .356
7 .085 619
1.468 - 8 4 9
482 - 3 6 7
-758 273
74 7 .082
220
1.278 1.150
478 - 3 5 0
- 8 . 4 6 5 -192
276
1 .031 117
- 1 . 1 4 5 1.245
- 2 . 2 8 2 -108
1.468 378 213
391 24.924
1977 I I I
9 8 . 0 1 1 4 7 . 0 7 7 16.002 6 .566
26 .366
106.226 35 .909 63 .147
7 .170 - 8 . 2 1 5
6 .164 - 1 4 . 3 7 9
1.135 - 1 3 . 2 4 4
- 1 3 . 6 8 2 12.058
-214 2 .813
- 5 0
5 .064 1.715
-193 3 .542
3 .848 473 124
25 .740 99
19 .606 1.124
19.005 -523
6 . 1 6 4 585
- 7 1 4
438 12 .154
IV
87 .402 40 .522 15.566
6 .414 24 .900
111.604 39 .303 64 .537
7 .764 - 2 4 . 2 0 2
148 - 2 4 . 3 5 0
640 - 2 3 . 7 1 0
- 2 2 . 6 7 8 - 1 . 1 0 9
- 7 3 - 7 . 3 6 8
118
4 .340 1.480
204 2 .656
2 .560 -873
187
21 .569 95
20 .676 1.190
19.554 - 6 6
148 549 101
- 1 . 0 3 2 13.006
FEDERALLY
1 1 I
94.545 37 .344 13.587
6 .342 37 .272
112.574 36.942 67 .236
8.396 - 1 8 . 0 2 9
- 1 . 1 8 4 - 1 6 . 8 4 5
289 - 1 6 . 5 5 6
- 1 8 . 3 9 9 2 .047
-295 - 5 . 5 1 5
-188
5 .581 1.955
-536 4 .162
904 1.224
336
20 .446 136
20.792 1.196
19.943 - 3 4 7
- 1 . 1 8 4 857
-155
1.843 12.683
1978 I I I I I
U .S . GOVERNMENT
115.715 52.148 18.334 6 .988
38.245
111.917 36 .946 66 .475
8 .496 3 .798 1.537 2 . 2 6 1 1.097 3 .358
3 . 7 1 1 7 .150
-315 11.237
110
3 . 4 4 1 2 . 8 6 0
- 5 6 3 1.144
- 8 . 0 9 9 481 295
3 .439 97
2 .582 1.158 1.548
- 1 2 4
1.537 -113 -664
- 3 5 3 26 .433
115.289 54.828 19.597
7 .384 33 .480
115.570 38 .386 68 .251
8 .933 - 2 8 1
6 .240 - 6 . 5 2 1
232 - 6 . 2 6 9
- 6 . 4 5 4 15.510
-177 4 . 9 3 1
- 2 0
4 .968 1.365
360 3.243
5.075 347 386
21.964 179
15.054 B29
14.803 -578
6 .240 483
8
165 14.522
1968
174 .7 7 9 . 6 3 6 . 3 18 .0 4 0 . 8
180 .6 9 8 . 0 7 1 . 2 11 .4 - 5 . 8
1.3 - 7 . 1
1.3 - 5 . 8
- 8 . 7 7 . 3 2 . 0
- 1 . 7 . 1
5 . 2 . 1
1.4 3 . 7
1.3 . 6
- . 2
16 .0 . 4
1 3 . 6 . 6
9 . 8 , 3 . 1
1.3
* . 7
2 . 9 3 5 . 0
SPONSORED CREDIT AGENCIES AND MORTGAGE
BILLIONS OF DOLLARS 1969
197 .0 9 4 . 8 3 6 . 2 1 9 . 0 4 7 . 0
188 .4 97 .5 7 8 . 1 12 .9
8 . 5 1.6 7 . 0
* 7 . 0
6 . 0 3 .5 1.4 1 .1 - . 2
3 . 1 - 1 . 3
1.0 3 .5
- 3 . 0 . 9 . 1
- 2 . 5 . 3
- 3 . 7 - . 1
- 1 . 2 - 2 . 4
1.6 - . 3 - . 4
1.0 39 .2
POOLS
1970
1 9 2 . 1 92 .2 3 0 . 8 19 .3 4 9 . 7
2 0 4 . 2 9 5 . 6 9 4 . 3 14 .3
- 1 2 . 1 2 . 5
- 1 4 . 6 • 3
- 1 4 . 3
- 1 4 . 5 . 4
- 2 . 0 2 . 5
. 3
2 .8 - . 1
. 3 2 . 6
- 2 . 6 - . 8
. 3
14 .9 .6
11 .9 . 3
12.6 - 1 . 0
2 .5 - . 6
.5
.2 3 3 . 4
1971
198.6 8 9 . 9 33 .5 20 .4 54 .9
220 .6 96 .2
110.4 14 .0
- 2 2 . 0 2 .9
- 2 4 . 9 . 7
- 2 4 . 2
- 2 4 . 6 3 .9
- 2 . 2 3 .3
. 1
2 .8
* - . 4 3.2
1.5 - 1 . 7
. 1
28 .5 .5
2 4 . 9 2 . 3
23 .7 - 1 . 1
2 .9 - . 7
. 8
. 4 32 .0
1972
2 2 7 . 5 108 .2
3 6 . 6 2 0 . 0 62 .8
2 4 4 . 7 1 0 2 . 1 1 2 8 . 1
14 .6 - 1 7 . 3
3 . 1 - 2 0 . 4
. 9 - 1 9 . 5
- 1 9 . 5 - . 9 - . 4
- 1 . 0 . 1
1.8
* - . 7 2 .5
- . 7 - . 8
. 1
18 .7 . 5
1 5 . 1 3 . 3
11 .0 . 8
3 . 1 - . 1
* *
37 .3
1 2 3 4 5
6 7 8 9
10 11 12 13 14
15 16 17 18 19
20 21 22 23
24 25 26
27 28
29 30 31 32
33 34 35
36 37
SPONSORED CREDIT AGENCIES
1 CURRfcNT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIQUID ASSETS 6 U.S.GOVT. SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS + RP*S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S • L ASSOC.
12 LOANS TO AGRICULTURE 13 FARM MORTGAGES 14 LOANS TO COOPS (BC) 15 LOANS TO FARMERS (FICB) 16 MISCELLANEOUS ASSETS
17 NET INCREASE IN L IABIL IT IES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U .S . GOVERNMENT LOANS
21 MISCELLANEOUS L IABIL IT IES
22 DISCREPANCY -16
FEDERALLY SPONSORED MORTGAGE POOLS (1 ) 23 NET ACQ. OF MORTGAGES 24 HOME MORTGAGES 25 MULTIFAMILY MORTGAGES 26 FARM MORTGAGES
27 NET 1NCR. IN POOL SECURITIES
MEMOS TOTALS FOR AGENCIES AND POOLS— 28 CREDIT MARKET INSTRUMENTS 6 .274 29 LIQUID ASSETS - 2 3 4 30 HOUSING CREDIT 5 .488 31 LOANS TO AGRICULTURE 1.020
32 NET SECURITY ISSUES 5 .839
( 1 ) GNMA, FHLMC, AND FARMERS HOME ADM.
I I 1 / 7 8 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
(2) Sales of Outer Continental Shelf l e a s e s .
3 .338 - 1 0
2 .988 - 2 3 4
- 1 . 9 8 3 941 808
2 . 1 9 1 936
1.255
1 .031 859
-355 527 360
3 .159 2 .553 2 .553
0 606
1.136 48
1.025 - 1 . 4 7 2
- 5 9 6 -594 -282
1.576 239
1.337
921 684
- 2 3 0 467
63
986 1 .351 1 .351
0 -365
2 .797 32
2 . 3 0 4 - 1 . 3 8 4
-127 -353 -904
3 . 2 6 1 142
3 . 1 1 9
427 592 570
-735 461
2 .833 2 .175 2 .175
0 658
5 .260 - 4 0
4 .862 1.232
7 -237
1.462
2 . 8 8 1 1.776 1.105
749 768 340
-359 438
5.075 4 .424 4 .424
0 651
7 .989 34
7 .993 375 905
- 3 6 1 - 1 6 9
5 .640 1.644 3 .996
1.978 896 209 873 -38
7.858 6.242 6.242
0 1.616
6 .365 - 5 0
5 .939 -809 -505 -552
248
6.312 2 .428 3.884
436 809
-600 227 476
6.153 6 .405 6.405
0 -252
3 .286 3 .206
91 - 1 1
5 .919 5 .559
277 63
5 .622 5 .060
407 155
3 .791 3.437
279 75
4 .233 3.286
726 219
4 .012 3.714
204 94
3 .286 5 .919 3.791 4.233 4.012
6 .944 - 1 . 4 7 2
7 .412 1.004
7 . 2 7 0
POOLS.
7 .926 - 1 . 3 8 4
8 .728 582
7 .797
8 .653 1.232 6 .597
824
8.215
12.226 375
9 .654 2 .197
10.475
9 . 9 5 1 -809
10.230 530
10.417
3 . 2
* 3 . 2 - . 1 - . 1
— * 2 . 5 1 . 6
. 9
. 8
. 5
. 1
. 2
* 3 . 2 3 . 5 3 . 2
. 2 - . 3
. 1
. 5
. 4
*
9 . 2
* 8 . 8 - . 4 - . 6
— . 2
7 . 8 3 . 8 4 . 0
1 . 4 . 6 . 2 . 6 . 4
9 . 1 6 . 6 9 . 1 - . 3
. 4
. 1
. 7
. 4
*
10.3
* 9 . 6 1 . 9 1 . 1
-. 8
6 . 2 4 . 9 1 . 3
1 . 5 . 5 . 3 . 7 . 8
10.3 8 . 2 8 . 2
-2 . 1
. 1
1 . 6 1 . 2
*
. 7
. 1
. 5 -1 .2
- . 5
-- . 6
. 2 2 . 9
-2 .7
1 . 4 . 7
* . 7 . 2
. 6 1 . 1 1 . 1
-- . 5
. 1
4 . 8 4 . 3
. 1
3.9 2 * 3
4.4 4 - . 4 5
-1 .2 6 .4 7 .4 8
2.9 9 2.8 10
* 11
1.9 12 1.2 13
.3 14
. 4 15 - . 4 16
3.8 17 3.5 IS 3.5 19 - 20 .3 21
.1 22
4 .9 23 4.3 24
. 3 25
3 . 8 - . 1 3 . 0
. 9
9 . 4 - . 4 8 .3 1.6
1 1 . 1 1.9 7 .5 1.8
5.2 - 1 . 2
4 .5 1.8
9 .2 28 - . 4 29 7 .4 30 2 .2 31
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool securities.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1978-11-13 | 3rd Quarter 1978
FEBRUARY 12, 1979 U.S.GOVT. + CREDIT AGENCIES U.S.GOVT. • CREDIT AGENCIES
SECTOR STATEMENTS OF SAVING AND INVESTMENT
UNADJUSTED NET FLOWS ($ MILL.) UNADJUSTED NET FLOWS ($ MILL.)
1 2 3 4 5
6 7 8 9 10 11 12 13 14
15 16 17 18 19
20 21 22 23
24 25 26
27 28
29 30 31 32
33 34 35
36 37
TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES SOCIAL INSURANCE RECEIPTS
TOTAL EXPENDITURES, NIA BASIS GOODS + SERVICES TRANSFERS, ETC. NET INTEREST
NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING * MINERAL RIGHTS SALES (2) = NONFINANCIAL SURPLUS
NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS
GOLD, SDR»S «• OFF FGN EXCH DEMAND DEPOSITS + CURRENCY TIME DEPOSITS
CREDIT MARKET INSTRUMENTS MORTGAGE POOL SECURITIES (3) MORTGAGES OTHER LOANS
TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS
NET INCREASE IN LIABILITIES TREASURY CURR. + SDR CTFS.
CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES + MTGS.
LIFE + RETIREMENT RESERVES TRADE DEBT MISCELLANEOUS
DISCREPANCY MEMO: CORP. TAX RECEIPTS, NET
1977 III
98.011 47.077 16.002 6.566
28.366
106.226 35.909 63.147 7.170
-8.215 6.164
-14.379 1.135
-13.244
-13.682 12.058 -214 2.813 -50
5.064 1.715 -193 3.542
3.848 473 124
25.740 99
19.606 1.124 19.005 -523
6.164 585
-714
438 12.154
IV
87.402 40.522 15.566 6.414
24.900
111.604 39.303 64.537 7.764
-24.202 148
-24.350 640
-23.710
-22.678 -1.109
-73 -7.368
118
4.340 1.480 204
2.656
2.560 -873 187
21.569 95
20.676 1.190 19.554
-68
148 549 101
-1.032 13.006
1 I I
94.545 37.344 13.587 6.342 37.272
112.574 36.942 67.236 8.396
-18.029 -1.184
-16.845 2 89
-16.556
-18.412 2.034 -295
-5.515 -188
5.568 1.955 -536
4.149
904 1.224 336
20.446 136
20.792 1.196
19.943 -347
-1.184 857
-155
1.856 12.683
FEDERALLY
1978 II
115.715 52.148 18.334 6.988 38.245
111.917 36.946 66.475 8.496 3.798 1.537 2.261 1.097 3.358
3.788 7.155 -315
10.986 361
3.441 2.860 -563 1.144
-8.099 481 300
3.367 97
2.582 1.158 1.548 -124
1.537 -185 -664
-430 26.433
III IV
U.S. GOVERNMENT
115.289 54.986 19.381 7.386
33.536
115.173 37.858 68.327 8.988
116 6.240
-6.124 232
-5.892
-5.741 16.210 -173 5.132 -221
6.030 1.365 1.113 3.552
4.813 2 53 376
21.951 179
15.054 32 9
14.803 -578
6.240 470
8
-151 14.568
106.053 48.739 20.447 7.180
29.687
121.313 42.272 69.421 9.620
-15.260 630
-15.890 355
-15.535
-13.616 3.264
-1.819 -3.689
-10
3.260 1.550 -180
1.890
5.330 -200 392
16.880 112
15.251 746
14.890 -385
630 352 535
-1.919 15.117
SPONSORED CREDIT AGENCIES
1969
197.0 94.8 36.2 19.0 47.0
188.4 97.5 78.1 12.9 8.5 1.6 7.0
* 7.0
6.0 3.5 1.4 1.1 -.2
3.1 -1.3 1.0 3.5
-3.0 .9 .1
-2.5 .3
-3.7 -.1 -1.2 -2.4
1.6 -.3 -.4
1.0 39.2
AND MORTGAGE
BILLIONS OF DOLLARS 1970
192.1 92.2 30.8 19.3 49.7
204.2 95.6 94.3 14.3
-12.1 2.5
-14.6 .3
-14.3
-14.5 .4
-2.0 2.5 .3
2.8 -.1 .3
2.6
-2.6 -.8 .3
14.9 .6
11.9 .3
12.6 -1.0
2.5 -.6 .5
.2 33.4
POOLS
1971
198.6 89.9 33.5 20.4 54.9
220.6 96.2 110.4 14.0
-22.0 2.9
-24.9 .7
-24.2
-24.6 3.9
-2.2 3.3 .1
2.8
* -.4 3.2
1.5 -1.7
.1
28.5 .5
24.9 2.3 23.7 -l.l
2.9 -.7 .8
.4 32.0
1972
227.5 108.2 36.6 20.0 62.8
244.7 102.1 128.1 14.6
-17.3 3.1
-20.4 .9
-19.5
-19.5 -.9 -.4 -1.0
.1
1.8
* -.7 2.5
-.7 -.8 .1
18.7 .5
15.1 3.3 11.0 .8
3.1 -.1
* *
37.3
1973
258.3 1 114.6 2 43.0 3 21.2 4 79.4 5
265.0 6 102.2 7 144.6 8 18.2 9 -6.7 10 2.3 11
-9.0 12 3.2 13
-5.9 14
-7.4 15 3.3 16 * 17
-1.8 18 -.2 19
2.8 20 * 21
-.6 22 3.4 23
1.3 24 .3 25 1.0 26
10.8 27 .4 28
8.3 29 2.7 30 5.2 31 .4 32
2.3 33 .1 34
-.4 35
1.6 36 41.7 37
SPONSORED CREDIT AGENCIES
1 CURRENT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIQUID ASSETS 6 U.S.GOVT. SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS + RP'S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S + L ASSOC.
12 LOANS TO AGRICULTURE 13 FARM MORTGAGES 14 LOANS TO COOPS (BC) 15 LOANS TO FARMERS IFICB) 16 MISCELLANEOUS ASSETS
17 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U.S. GOVERNMENT LOANS 21 MISCELLANEOUS LIABILITIES
22 DISCREPANCY
FEDERALLY SPONSORED MORTGAGE POOLS (!)
23 NET ACQ. OF MORTGAGES 24 HOME MORTGAGES 25 MULTIFAMILY MORTGAGES 26 FARM MORTGAGES
1.136 48
1.025 1.472 -596 -594 -282
1.576 239
1.337
921 684
-230 467 63
986 1.351 1.351
0 -365
2.797 32
2.304 -1.384
-127 -353 -904
3.261 142
3.119
427 592 570
-735 461
2.833 2.175 2.175
0 658
5.260 -40
4.862 1.232
7 -237 1.462
2.881 1.776 1.105
749 768 340
-359 438
5.075 4.424 4.424
0 651
8.083 34
7.993 3 75 905
-361 -169
5.640 1.644 3.996
1.978 896 209 873 56
7.952 6.653 6.658
0 1.294
7.171 -50
7.170 -809 -505 -552 248
6.643 2.759 3.884
1.336 809
-200 727 51
6.959 5.989 5.989
0 970
7.015 155
7.558 -59 133 -48
-144
6.236 2.724 3.512
1.381 870 294 217
-698
7.038 5.495 5.495
0 1.543
5.919 5.559 277 83
5.622 5.060 407 155
3.791 3.437
2 79 75
4.522 3.400
903 219
3.551 3.499 -11 63
4.594 4.299
124 171
.1
9.2
* 3.8 -.4 -.6
-.2 7.8 3.8 4.'0
1.4 .6 .2 .6 .4
9.1 3.8 9.1 -.3 .4
.1
.7
.4
* .2
.1
10.3
* 9.6 1.9 l.l
-.8 6.2 4.9 1.3
1.5 .5 .3 .7 .8
10.3 8.2 8.2
-2.1 .1
1.6 1.2
* .3
.2
.7
.1
.5 -1.2 -.5
--.6 .2
2.9 -2.7
1.4 .7
* .7 .2
.6 1.1 l.l
--.5 .1
4.8 4.3 .1 .4
.2
3.9
* 4.4 -.4
-1.2 .4 .4
2.9 2.8
* 1.9 1.2 .3 .4
-.4
3.8 3.5 3.5
-.3 .1
4.9 4.3 .3 .3
.4
18.7 .1
17.8 2.1
* -.2 2.3
12.5 5.3 7.2
3.2 1.9 .3 l.l .8
18.5 16.3 16.3
-2.2
.2
3.6 3.2 .2 .2
1
2 3
4 5 6 7 8
9 10 11
12 13 14 15 16
17 18 19 20 21
22
23 24 25 26
27 NET INCR. I N POOL SECURITIES 5 . 9 1 9 4 . 5 2 2 3 . 5 5 1
MEMO: TOTALS FOR AGENCIES AND POOLS— 28 CREDIT MARKET INSTRUMENTS 6 . 9 4 4 29 L IQUID ASSETS - 1 . 4 7 2 30 HOUSING CREDIT 7 . 4 1 2 31 LOANS TO AGRICULTURE 1 . 0 0 4
7.926 1.384 8.728
5 82
8.653 1.232 6.597 824
12.515 3 75
9.943 2.197
10.721 -809
10.131 1.399
12.152 -59
10.659 1.552
9.4 -.4 3.3 1.6
11.1 1.9 7.5 1.8
5.2 -1.2 4.5 1.8
9.2 -.4 7.4 2.2
21.4 28 2.1 29
15.9 30 3.5 31
32 NET SECURITY ISSUES 7 . 2 7 0 7 . 7 9 7 8 . 2 1 5 1 1 . 1 8 0 9 . 5 4 0 1 0 . 0 8 9
( 1 ) GNMA, FHLMC, AND FARMERS HOME ADM. POOLS.
I V / 7 8 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
(2) Sales of Outer Continental Shelf leases.
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool s ecu r i t i e s .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1979-02-12 | 4th Quarter 1978
MAY 9, 1979 U.S.GOVT. + CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ MILL.)
SECTOR STATEMENTS OF SAVING AND INVESTMENT
U.S.GOVT. + CREDIT AGENCIES
UNADJUSTED NET FLOWS <$ MILL.)
1977 | IV | I
1978 I I I I I
1 IV |
I 1979 1 I
BILLIONS OF DOLLARS 1970 1971 1972
U.S. GOVERNMENT
1 2 3 4 5
6 7 8 9
10 11 12 13 14
15 16 17 18 19
20 21 22 23
24 25 26
27 28
29 30 31 32
33 34 35
36 37
TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES SOCIAL INSURANCE RECEIPTS
TOTAL EXPENDITURES, NIA BASIS GOODS + SERVICES TRANSFERS, ETC. NET INTEREST
NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING + MINERAL RIGHTS SALES (2) = NONFINANCIAL SURPLUS
NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS
GOLD, SDR'S + OFF FGN EXCH DEMAND DEPOSITS + CURRENCY TIME DEPOSITS
CREDIT MARKET INSTRUMENTS MORTGAGE POOL SECURITIES (3) MORTGAGES OTHER LOANS
TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS
NET INCREASE IN L IABILIT IES TREASURY CURR. + SDR CTFS.
CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES + MTGS.
LIFE + RETIREMENT RESERVES TRADE DEBT MISCELLANEOUS
DISCREPANCY MEMO: CORP. TAX RECEIPTS, NET
87.402 40.522 15.566
6 .414 24 .900
111 .604 39 .303 64 .537
7 .764 - 2 4 . 2 0 2
148 - 2 4 . 3 5 0
640 - 2 3 . 7 1 0
- 2 2 . 6 7 8 - 1 . 1 0 9
- 7 3 - 7 . 3 6 8
118
4 .340 1.480
204 2 .656
2 .560 -873
187
21 .569 95
20.676 1.190
19.554 - 6 8
148 549 101
- 1 . 0 3 2 13.006
94 .545 37 .344 13 .587
6 .342 37 .272
112.574 36 .942 67 .236
8 .396 - 1 8 . 0 2 9
- 1 . 1 8 4 - 1 6 . 8 4 5
289 - 1 6 . 5 5 6
- 1 8 . 2 7 4 2 .034
-295 - 5 . 5 1 5
- 1 8 8
5 .568 1.955
-536 4 .149
904 1.224
336
20.308 136
20.792 1.196
19.943 - 3 4 7
- 1 . 1 8 4 719
-155
1.718 12 .683
115.715 52 .148 18.334
6 .988 38 .245
111 .917 36 .946 66.475
8 .496 3 .798 1.537 2 .261 1.097 3 . 3 5 8
3 .795 7 .155
-315 10.986
361
3 .603 2 .860
-563 1.306
- 8 . 0 9 9 481 138
3 .360 97
2 .582 1.158 1.548 -124
1.537 -192 - 6 6 4
- 4 3 7 26.433
115.289 54 .986 19 .381
7 .386 33 .536
115.173 37 .858 68 .327
8 .988 116
6 .240 - 6 . 1 2 4
232 - 5 . 8 9 2
- 5 . 7 6 7 16.213
-173 5 .132
- 2 2 1
6.249 1.365 1.113 3 . 7 7 1
4 .813 253 160
21.980 179
15 .054 829
14.803 -578
6 .240 499
8
-125 14.568
105.874 48.755 20 .289
7 .141 29.689
121.695 42.040 69 .991
9 .664 - 1 5 . 8 2 1
630 - 1 6 . 4 5 1
355 - 1 6 . 0 9 6
- 1 4 . 9 5 9 3 .897
- 1 . 8 5 1 - 3 . 8 1 0
111
3.205 1.550
-385 2 .040
5 .191 822 229
18.856 112
15.253 746
14.890 -383
630 2.326
535
- 1 . 1 3 7 15.098
112.866 43 .280 19.082
6 .949 43.555
122.159 40 .141 71.525 10.493 - 9 . 2 9 3 - 1 . 6 0 4 - 7 . 6 8 9
1.221 - 6 . 4 6 8
- 9 . 0 7 1 607 - 7 3
- 8 . 2 1 3 - 1 4 1
4 .257 2 .160
- 3 2 2 2 .419
4 .210 233 334
9 .678 276
10.656 - 1 3 9
11.450 -655
- 1 . 6 0 4 647
- 2 9 7
2 .603 14.872
197.0 94.8 36.2 19.0 47.0
188.4 97.5 78.1 12.9
8 . 5 1 . 6 7 . 0
* 7 . 0
6 . 0 3 , 5 1 . 4 1 . 1 - . 2
3 . 1 - 1 . 3
1 . 0 3 . 5
- 3 . 0 . 9 . 1
- 2 . 5 . 3
- 3 . 7 - . 1
- 1 . 2 - 2 . 4
1 . 6 - . 3 - . 4
1 . 0 39.2
192.1 92.2 30.8 19.3 49.7
204.2 95.6 94.3 14.3
-12 .1 2 . 5
-14 .6 . 3
-14 .3
-14 .5 . 4
- 2 . 0 2 . 5
. 3
2 . 8 - . 1
. 3 2 . 6
- 2 . 6 - . 8
. 3
14.9 . 6
11.9 . 3
12.6 - 1 . 0
2 . 5 - . 6
. 5
. 2 33.4
198.6 89.9 33.5 20.4 54.9
220.6 96.2
110.4 14.0
-22 .0 2 . 9
-24 .9 . 7
-24 .2
-24 .6 3 . 9
-2 .2 3 . 3
. 1
2 . 8
* - . 4 3 . 2
1 . 5 - 1 . 7
. 1
28.5 . 5
24.9 2 . 3
23.7 - 1 . 1
2 . 9 - . 7
. 8
. 4 32.0
227.5 108.2
36.6 20.0 62.8
244.7 102.1 128.1
14.6 -17 .3
3 . 1 -20 .4
. 9 -19 .5
-19 .5 - . 9 - . 4
- 1 . 0 . 1
1 . 8
* - . 7 2 . 5
- . 7 - . 8
. 1
18.7 . 5
15.1 3 . 3
11.0 . 8
3 . 1 - . 1
* *
37.3
258.3 t 114.6 2 43.0 3 21.2 4 79.4 5
265.0 6 102.2 7 144.6 8
18.2 9 - 6 . 7 10
2.3 11 - 9 . 0 12
3 .2 13 - 5 . 9 14
- 7 . 4 15 3.3 16
* 17 - 1 . 8 18
- . 2 19
2.8 20 * 21
- . 6 22 3 .4 23
1.3 24 .3 25
1.0 26
10.8 27 .4 28
8.3 29 2.7 30 5.2 31
. 4 32
2.3 33 .1 34
- . 4 35
1.6 36 41.7 37
FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS
SPONSORED CREDIT AGENCIES
1 CURRENT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIQUID ASSETS 6 U.S.GOVT. SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS + RP»S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S + L ASSOC.
12 LOANS TO AGRICULTURE 13 FARM MORTGAGES 14 LOANS TO COOPS (BO 15 LOANS TO FARMERS (FICB) 16 MISCELLANEOUS ASSETS
17 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U.S. GOVERNMENT LOANS 21 MISCELLANEOUS LIABILITIES
22 DISCREPANCY 249
FEDERALLY SPONSORED MORTGAGE POOLS (1)
213
2 . 7 9 7 32
2 .304 - 1 . 3 8 4
- 1 2 7 -353 - 9 0 4
3 .261 142
3 .119
427 592 570
-735 461
2 .833 2.175 2.175
0 658
228
5.260 - 4 0
4 .743 1.232
7 -237
1.462
2 .762 1.657 1.105
749 768 340
-359 557
5.075 4 .424 4 .424
0 651
250
8.083 34
8.112 375 905
- 3 6 1 - 1 6 9
5.759 1.763 3 .996
1.978 896 209 873 - 6 3
7 .952 6 .658 6 .658
0 1.294
257
7 .671 - 5 0
7 .420 -809 -505 - 5 5 2
248
6 .643 2 .759 3 .884
1.586 809 - 5 0 827 301
7 .459 5 .989 5.989
0 1.470
278
7 .343 86
7 .403 17
183 - 4 8
-118
6 .320 2 .808 3 .512
1.066 758 191 117
-146
7.426 5.998 5.998
0 1.428
284
7 .247 -38
6 .712 2 .305
101 ^18
2 .222
2 .760 3 .549
- 7 8 9
1.647 800 100 747 573
7.075 5.745 5.745
0 1 .330
.1
9.2
9.6 1.9
4.9 1.3
10.3 8.2 8.2
2.9 -2.7
.6 1.1 1.1
.2
3.9
3.8 3.5 3.5
18.7 2 .1 3
17.8 4 2.1 5
* 6 -.2 7 2.3 8
12.5 9 5.3 10 7.2 11
3.2 12 1.9 13 .3 14
1.1 15 .8 16
18.5 17 16.3 18 16.3 19 - 20 2.2 21
.2 22
23 NET ACQ. OF MORTGAGES 24 HOME MORTGAGES 2 5 MULTIFAMILY MORTGAGES 26 FARM MORTGAGES
27 NET INCR. I N POOL SECURITIES
5.622 3 . 7 9 1 4 .522 4 .128 5.903 4 .365 5 .060 3 .437 3 .400 3 .757 5 .237 3 .950
407 279 903 308 387 415 155 75 219 63 279 0
5.622 3 . 7 9 1 4 .522 4 .128 5.903 4 .365
MEMO: TOTALS FOR AGENCIES AND POOLS— 28 CREDIT MARKET INSTRUMENTS 7 .926 29 LIQUID ASSETS - 1 . 3 8 4 30 HOUSING CREDIT 8.728 31 LOANS TO AGRICULTURE 582
32 NET SECURITY ISSUES 7 .797
( 1 ) GNMA, FHLMC, AND FARMERS HOME ADM.
1/79 BASED ON PRELIMINARY AND INCOMPLETE
(2) Sales of Outer Continental Shelf l e a s e s .
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool s e c u r i t i e s .
8 . 5 3 4 1 . 2 3 2 6 . 4 7 8
824
8 . 2 1 5
POOLS.
1 2 . 6 3 4 375
1 0 . 0 6 2 2 . 1 9 7
1 1 . 1 8 0
• INFORMATION.
1 1 . 5 4 8 - 8 0 9
1 0 . 7 0 8 1 . 6 4 9
1 0 . 1 1 7
13.
11, 1,
11,
. 3 0 6 17
. 9 4 4
. 3 4 5
. 9 0 1
1 1 . 0 7 7 2 . 3 0 5 7 . 1 2 5 1 . 6 4 7
1 0 . 1 1 0
. 7
. 4
* . 2
. 7
9 . 4 - . 4 8 . 3 1 . 6
1 . 6 1 . 2
* . 3
1 . 6
1 1 . 1 1 . 9 7 . 5 1 . 8
4 . 8 4 . 3
. 1
. 4
4 . 8
5 . 2 - 1 . 2
4 . 5 1 . 8
4 . 9 4 . 3
. 3
. 3
4 . 9
9 . 2 - . 4 7 . 4 2 . 2
3 . 6 23 3 . 2 24
. 2 25
. 2 26
3 . 6 27
2 1 . 4 28 2 . 1 29
1 5 . 9 30 3 . 5 31
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1979-05-11 | 1st Quarter 1979
SEPTEMBER 5, U.S.GOVT. + 14
1979 CREDIT AGENCIES
SECTOR STATEMENTS OF SAVING AND INVESTMENT
UNADJUSTED NET FLOWS ($ MILL.)
U.S.GOVT. + CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ MILL.)
1 2 3 4 5
6 7 8 9 10 11 12 13 14
15 16 17 18 19
20 21 22 23
24 25 26
27 28
29 30 31 32
33 34 35
36 37
TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES SOCIAL INSURANCE RECEIPTS
TOTAL EXPENDITURESt NIA BASIS GOODS + SERVICES TRANSFERS, ETC. NET INTEREST
NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING + MINERAL RIGHTS SALES (2) = NONFINANCIAL SURPLUS
NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS
GOLD, SDR'S + OFF FGN EXCH DEMAND DEPOSITS + CURRENCY TIME DEPOSITS
CREDIT MARKET INSTRUMENTS MORTGAGE POOL SECURITIES (3) MORTGAGES OTHER LOANS
TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS
NET INCREASE IN LIABILITIES TREASURY CURR. + SDR CTFS.
CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES + MTGS.
LIFE + RETIREMENT RESERVES TRADE DEBT MISCELLANEOUS
DISCREPANCY MEMO: CORP. TAX RECEIPTS, NET
I
95.334 37.772 13.403 6.362
37.797
111.846 37.013 66.581 8.252
-16.512 -1.184
-15.328 289
-15.039
-18.326 1.901 -295
-5.515 -188
5.568 1.955 -536
4.149
807 1.189 335
20.227 136
20.792 1.196
19.943 -347
-1.184 638
-155
3.287 12.596
1978 II
119.632 54.683 19.292 7.173
38.484
112.534 36.838 67.281 8.415 7.098 1.537 5.561 1.097 6.658
4.577 8.164 -315
10.986 361
3.603 2.860 -563 1.306
-7.070 460 139
3.587 97
2.582 1.158 1.548 -124
1.537 35
-664
2.081 26.362
III
111.474 52.683 19.083 7.291
32.417
114.767 38.094 67.860 8.813
-3.293 6.240
-9.533 232
-9.301
-5.765 15.985 -173 5.016 -105
6.235 1.365 1.113 3.757
4.609 242 161
21.750 179
15.054 829
14.803 -578
6.240 269
8
-3.536 14.474
FEDERALLY
IV
105.626 49.749 20.260 7.268
28.349
120.604 40.645 70.623 9.336
-14.978 630
-15.608 355
-15.253
-15.136 2.826
-1.851 -6.463
-4
5.001 1.550 -385 3.836
5.194 835 114
17.962 112
15.253 746
14.890 -383
630 1.432
535
-117 15.066
1 1979 1 I II
U.S. GOVERNMENT
— — — T
113.923 45.281 17.407 6.994 44.241
121.577 40.138 71.285 10.154 -7.654 -1.604 -6.050 1.221
-4.829
-9.171 -14 -49
-8.216 -7
5.565 2.160
72 3.333
2.595 -84 182
9.157 276
10.657 -129
11.440 -654
-1.604 125
-297
4.342 14.812
135.971 63.923 19.950 7.593
44.505
123.264 40.068 72.700 10.496 12.707 1.591 11.116
389 11.505
9.218 8.706 398
10.455 -5
6.074 3.215 -100 2.959
-9.047 648 183
-512 823
-4.636 34
-4.183 -487
1.591 1.499 211
2.287 28.997
1969
197.0 94.8 36.2 19.0 47.0
188.4 97.5 78.1 12.9 8.5 1.6 7.0
* 7.0
6.0 3.5 1.4 1.1 -.2
3.1 -1.3 1.0 3.5
-3.0 .9 .1
-2.5 .3
-3.7 -.1 -1.2 -2.4
1.6 -.3 -.4
1.0 39.2
SPONSORED CREDIT AGENCIES AND MORTGAGE
BILLIONS OF DOLLARS 1970
192.1 92.2 30.8 19.3 49.7
204.2 95.6 94.3 14.3
-12.1 2.5
-14.6 .3
-14.3
-14.5 .4
-2.0 2.5 .3
2.8 -.1 .3
2.6
-2.6 -.8 .3
14.9 .6
11.9 .3
12.6 -1.0
2.5 -.6 .5
.2 33.4
POOLS
1971
198.6 89.9 33.5 20.4 54.9
220.6 96.2 110.4 14.0
-22.0 2.9
-24.9 .7
-24.2
-24.6 3.9
-2.2 3.3 .1
2.8
* -.4 3.2
1.5 -1.7
.1
28.5 .5
24.9 2.3 23.7 -1.1
2.9 -.7 .8
.4 32.0
1972
227.5 108.2 36.6 20.0 62.8
244.7 102.1 128.1 14.6
-17.3 3.1
-20.4 .9
-19.5
-19.5 -.9 -.4
-1.0 .1
1.8
* -.7 2.5
-.7 -.8 .1
18.7 .5
15.1 3.3 11.0
.8
3.1 -.1
* .1
37.3
1973
258.3 1 114.6 2 43.0 3 21.2 4 79.4 5
265.0 6 102.2 7 144.6 8 18.2 9 -6.7 10 2.3 11
-9.0 12 3.2 13
-5.9 14
-7.4 15 3.3 16
* 17 -1.8 18 -.2 19
2.8 20 * 21
-.6 22 3.4 23
1.3 24 .3 25 .9 26
10.8 27 .4 28
8.3 29 2.7 30 5.2 31 .4 32
2.3 33 .1 34
-.4 35
1.6 36 41.7 37
SPONSORED CREDIT AGENCIES
1 CURRENT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS
3 DEMAND DEPOSITS + CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIQUID ASSETS 6 U.S.GOVT. SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS + RP«S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S + L ASSOC.
12 LOANS TO AGRICULTURE 13 FARM MORTGAGES ' 14 LOANS TO COOPS (BO 15 LOANS TO FARMERS (FICB) 16 MISCELLANEOUS ASSETS
17 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U.S. GOVERNMENT LOANS 21 MISCELLANEOUS LIABILITIES
22 DISCREPANCY 51
FEDERALLY SPONSORED MORTGAGE POOLS (1)
23 NET ACQ. OF MORTGAGES 24 HOME MORTGAGES 25 MULTIFAMILY MORTGAGES 26 FARM MORTGAGES
27 NET INCR. IN POOL SECURITIES
5.260 -40
3.281 1.232
7 -237 1.462
2.762 1.657 1.105
749 768 340
-359 557
5.075 4.424 4.424
0 651
8.083 34
8.281 375 905
-361 -169
5.759 1.763 3.996
1.978 896 209 873 -63
7.877 6.658 6.658
0 1.219
7.671 -50
7.172 -809 -505 -552 248
6.643 2.759 3.884
1.586 809 -50 827 301
7.459 5.989 5.989
0 1.470
7.343 86
7.521 17
183 -48 -118
6.320 2.808 3.512
1.066 758 191 117
-146
7.426 5.998 5.998
0 1.428
6.899 -38
4.256 1.656 -548 -18
2.222
2.821 3.610 -789
2.001 1.154
100 747 459
6.724 5.990 5.990
0 734
7.703 50
8.724 -294 1.043 -123
-1.214
4.771 1.581 3.190
3.033 963
1.005 1.065
143
7.347 5.150 5.150
0 2.197
3.791 3.437
279 75
4.522 3.400
903 219
4.128 3.757
308 63
5.903 5.237
387 279
5.918 4.551
564 803
6.364 5.575 435 354
.1
9.2 •
8.6 -.4 -.6
— .2 7.8 3.8 4.0
1.4 .6 .2 .6 .4
9.1 8.8 9.1 -.3 .4
.1
.7
.4
* .2
.1
10.3
* 8.8 1.9 1.1
— .8 6.2 4.9 1.3
1.5 .5 .3 .7 .8
10.3 8.2 8.2
-2.1 .1
1.6 1.2
* .3
.2
.7
.1
1.1 -1.2 -.5
— -.6
.2 2.9
-2.7
1.4 .7
* .7 .2
.6 1.1 1.1
--.5 .1
4.8 4.3 .1 .4
.2
3.9 •
4.0 -.4
-1.2 .4 .4
2.9 2.8
•
1.9 1.2 .3 .4
-.4
3.8 3.5 3.5
-.3 .1
4.9 4.3 .3 .3
.4 1
18.7 2 .1 3
15.5 4 2.1 5
* 6 -.2 7 2.3 8
12.5 9 5.3 10 7.2 11
3.2 12 1.9 13 .3 14
1.1 15 .8 16
18.5 17 16.3 18 16.3 19 - 20 2.2 21
.2 22
3.6 23 3.2 24 .2 25 .2 26
3 . 7 9 1 4 . 5 2 2 4 . 1 2 8
MEMO: TOTALS FOR AGENCIES AND POOLS— 28 CREDIT MARKET INSTRUMENTS 7.072 29 LIQUID ASSETS 1.232 30 HOUSING CREDIT 6.478 31 LOANS TO AGRICULTURE 824
32 NET SECURITY ISSUES
12.803 375
10.062 2.197
11.300 -809
10.708 1.649
13.424 17
11.944 1.345
10.174 1.656 7.936 2.804
15.088 -294
10.781 3.387
8 . 2 1 5 1 1 . 1 8 0 1 0 . 1 1 7 1 1 . 9 0 1 1 1 . 9 0 8 1 1 . 5 1 4
9.3 -.4 8.3 1.6
9.7
10.4 1.9 7.5 1.8
9.8
5.9 -1.2 4.5 1.8
5.9
8.8 -.4 7.4 2.2
8.4
19.1 28 2.1 29 15.9 30 3.5 31
19.9 32
(1) GNMA, FHLMC, AND FARMERS HOME ADM. POOLS.
11/79 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION. (2) Sales of Outer Continental Shelf l eases .
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool s e c u r i t i e s .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1979-09-05 | 2nd Quarter 1979 and Revisions
NOVEMBER 14, 1979 U.S.GOVT. + CREDIT AGENCIES
UNADJUSTED NET FLOWS ($ MILL.)
SECTOR STATEMENTS OF SAVING AND INVESTMENT
U.S.GCVT. + CREDIT AGENCIES
UNADJUSTED NET FLOfoS ($ MILL.)
1978 II III IV I
1979 II III
BILLIONS OF DOLLARS 1969 1970 1971 1972 1973
U.S. GOVERNMENT
1 TOTAL RECEIPTS, NIA BASIS 2 PERSONAL TAXES 3 CORP. PROFITS TAX ACCRUALS 4 INDIRECT TAXES 5 SOCIAL INSURANCE RECEIPTS
6 TOTAL EXPENDITURES, NIA BASIS 7 GOODS + SERVICES 8 TRANSFERS, ETC. 9 NET INTEREST
10 NET SURPLUS, NIA BASIS 11 - INSURANCE CREDITS TO HH 12 = GROSS SAVING 13 + MINERAL RIGHTS SALES (2) 14 = NONFINANCIAL SURPLUS
15 NET FINANCIAL INVESTMENT 16 NET ACQ. OF FINANCIAL ASSETS 17 GOLD, SDR'S + OFF FGN EXCH 18 DEMAND DEPOSITS + CURRENCY 19 TIME DEPOSITS
20 CREDIT MARKET INSTRUMENTS 21 MORTGAGE POOL SECURITIES (3) 22 MORTGAGES 23 OTHER LOANS
24 TAXES RECEIVABLE 25 TRADE CREDIT 26 MISCELLANEOUS
27 NET INCREASE IN LIABILITIES 28 TREASURY CURR. + SDR CTFS.
29 CREDIT MARKET INSTRUMENTS 30 SAVINGS BONDS 31 OTHER TREASURY ISSUES 32 AGENCY ISSUES + MTGS.
33 LIFE + RETIREMENT RESERVES 34 TRADE DEBT 35 MISCELLANEOUS
36 DISCREPANCY 37 MEMO: CORP. TAX RECEIPTS, NET
119.632 111.474 105.626 113.804 136.078 127.677 54.683 52.683 49.749 45.281 63.935 60.936 19.292 19.083 20.260 17.288 20.029 21.226
7.173 7 . 2 9 1 7 . 2 6 8 6 . 9 9 4 7 .605 7 . 8 4 1 38.484 32.417 28.349 44.241 44.509 37.674
112.534 114.767 120.604 121.577 123.282 128.172 36. 67. 8. 7, 1, 5, 1, 6.
4, 8.
10.
3, 2,
1.
-7.
3,
2. 1. 1.
1.
2. 26.
.838
.281
.415
.098
.537
.561
.097
.658
.577
.164 -315 .986 361
.603
.860 -563 .306
.070 460 139
.587 97
.582
.158
.548 •124
.537 35
-664
.081
.362
38.094 67.860 8.813
-3.293 6.240
-9.533 232
-9.301
-5.765 15.985
-173 5.016 -105
6.235 1.365 1.113 3.757
4.609 242 161
21.750 179
15.054 829
14.803 -578
6.240 269
8
-3.536 14.474
40.645 70.623 9.336
-14.978 630
-15.608 355
-15.253
-15.136 2.826
-1.851 -6.463
-4
5.001 1.550 -385 3.836
5.194 835 114
17.962 112
15.253 746
14.890 -383
630 1.432
535
-117 15.066
40.138 71.285 10.154 -7.773 -1.604 -6.169 1.221
-4.948
-9.468 -231 -49
-8.216 -7
5.291 2.160
72 3.059
2.476 -83 357
9.237 276
10.657 -129
11.440 -654
-1.604 205
-297
4.520 14.812
40, 72, 10, 12, 1,
11.
11,
8, 9,
10.
6, 3,
2,
-8 1,
-4,
-4,
1,
2.
3, 28,
.113
.634
.535
.796
.591
.205 389 .594
.515
.395 552 .412
38
.118
.215 296 .607
.965
.067 173
880 823
.637 33
.182 -488
.591 992 .111
.079
.994
40, 76. 10,
7, -8, 1.
-6.
-5, 14. -1. 6,
3, 1,
2,
5,
20.
12.
12,
7.
-1.
-1. 15.
.860
.605
.707 -495 .594 .089 .302 .787
.053
.957
.287
.253 27
.831
.880 -513 .464
.879 104 150
.010 280
.371 -25 .492 -96
.594 843 .078
.734
.347
197.0 94.8 36.2 19.0 47.0
188.4 97.5 78.1 12.9 8.5 1.6 7.0
* 7.0
6.0 3.5 1.4 1.1 -.2
3.1 -1.3 1.0 3.5
-3.0 .9 .1
-2.5 .3
-3.7 -.1
-1.2 -2.4
1.6 -.3 -.4
1.0 39.2
192.1 92.2 30.8 19.3 49.7
204.2 95.6 94.3 14.3
-12.1 2.5
-14.6 .3
-14.3
-14.5 .4
-2.0 2.5 .3
2.8 -.1 .3
2.6
-2.6 -.8 .3
14.9 .6
11.9 .3
12.6 -1.0
2.5 -.6 .5
.2 33.4
198.6 89.9 33.5 20.4 54.9
220.6 96.2
110.4 14.0
-22.0 2.9
-24.9 .7
-24.2
-24.6 3.9
-2.2 3.3 .1
2.8
* -.4 3.2
1.5 -1.7
.1
28.5 .5
24.9 2.3
23.7 -1.1
2.9 -.7 .8
.4 32.0
227.5 108.2 36.6 20.0 62.8
244.7 102.1 128.1 14.6
-17.3 3.1
-20.4 .9
-19.5
-19.5 -.9 -.4
-1.0 .1
1.8
* -.7 2.5
-.7 -.8 .1
18.7 .5
15.1 3.3
11.0 .8
3.1 -.1
* .1
37.3
258.3 1 114.6 2 43.0 3 21.2 4 79.4 5
265.0 6 102.2 7 144.6 8 18.2 9 -6.7 10 2.3 11
-9.0 12 3.2 13
-5.9 14
-7.4 15 3.3 16
* 17 -1.8 18 -.2 19
2.8 20 * 21
-.6 22 3.4 23
1.3 24 .3 25 .9 26
10.8 27 .4 28
8.3 29 2.7 30 5.2 31 .4 32
2.3 33 .1 34
-.4 35
1.6 36 41.7 37
FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS
SPONSORED CREDIT AGENCIES
1 CURRENT SURPLUS
2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY
4 CREDIT MARKET INSTRUMENTS 5 LIQUID ASSETS 6 U.S.GOVT. SECURITIES 7 OPEN-MARKET PAPER 8 FEDERAL FUNDS + RP'S
9 HOUSING CREDIT 10 RESIDENTIAL MORTGAGES 11 FHLB LOANS TO S + L ASSOC.
12 LOANS TO AGRICULTURE 13 FARM MORTGAGES 14 LOANS TO COOPS (BC) 15 LOANS TO FARMERS (FICB) 16 MISCELLANEOUS ASSETS
17 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U.S. GOVERNMENT LOANS 21 MISCELLANEOUS LIABILITIES
22 DISCREPANCY
FEDERALLY SPONSORED MORTGAGE POOLS ( 1 )
23 NET ACQ. OF MORTGAGES 24 HOME MORTGAGES 25 MULTIFAMILY MORTGAGES 26 FARM MORTGAGES
27 NET INCR. I N POOL SECURITIES
MEMO: TOTALS FOR AGENCIES AND POOLS— 28 CREDIT MARKET INSTRUMENTS 12 .803 29 LIQUID ASSETS 375 30 HOUSING CREDIT 10 .062 31 LOANS TO AGRICULTURE 2 . 1 9 7
8.083 34
8.281 3 75 905
-361 -169
5.759 1.763 3.996
1.978 896 209 873 -63
7.877 6.658 6.658
0 1.219
7.671 -50
7.172 -809 -505 -552 248
6.643 2.759 3.884
1.586 809 -50 827 301
7.459 5.989 5.989
0 1.470
7.343 86
7.521 17
183 -48
-118
6.320 2.808 3.512
1.066 758 191 117
-146
7.426 5.998 5.998
0 1.428
6.899 -38
4.256 1.656 -548 -18
2.222
2.821 3.610 -7 89
2.001 1.154
100 747 459
6.724 5.990 5.990
0 734
7.936 54
9.378 -209
1.085 -123
-1.171
4.890 1.700 3.190
3.526 1.410 1.005 1.111 -325
7.569 5.154 5.154
0 2.415
3.186 2
4.229 -2.064
-904 5
-1.165
5.189 1.664 3.525
-61 1.169 -755 -475 120
2.903 1.511 1.511
0 1.392
4.522 3.400
903 219
4.128 3.757
308 63
5.903 5.237
387 279
5.598 4.237
558 803
7.708 6.604
600 504
8.570 7.827
413 330
4 . 5 2 2 4 . 1 2 8
11.300 -809
10.708 1.649
13.424 17
11.944 1.345
9.854 1.656 7.616 2.804
17.086 -209
12.094 4.030
12. -2. 13,
.799
.064
.429 269
32 NET SECURITY ISSUES 1 1 . 1 8 0
( 1 ) GNMA, FHLMC, AND FARMERS HOME ADM.
1 0 . 1 1 7 1 1 . 9 0 1 1 1 . 5 8 8 12 .862 1 0 . 0 8 1
POOLS.
111 /79 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
(2) Sales of Outer Cont inental Shelf leases.
. 1
9.2
* 8.6 -.4 -.6
-.2 7.8 3.8 4.0
1.4 .6 .2 .6 .4
9.1 8.8 9.1 -.3 .4
.1
.7
.4 • .2
.7
9.3 -.4 8.3 1.6
.1
10.3
* 8.8 1.9 1.1
-.8 6.2 4.9 1.3
1.5 .5 .3 .7 .8
10.3 8.2 8.2
-2.1 .1
1.6 1.2
* .3
1.6
10.4 1.9 7.5 1.8
.2
.7
.1
1.1 -1.2 -.5
--.6 .2
2.9 -2.7
1.4 .7
* .7 .2
.6 1.1 1.1
--.5 .1
4.8 4.3 .1 .4
4.8
5.9 -1.2 4.5 1.8
.2
3.9
* 4.0 -.4
-1.2 .4 .4
2.9 2.8
* 1.9 1.2 .3 .4
-.4
3.8 3.5 3.5
-.3 .1
4.9 4.3 .3 .3
4.9
8.8 -.4 7.4 2.2
.4 1
18.7 2 .1 3
15.5 4 2.1 5
* 6 -.2 7 2.3 8
12.5 9 5.3 10 7.2 11
3.2 12 1.9 13 .3 14
1.1 15 .8 16
18.5 17 16.3 18 16.3 19 - 20
Z.Z 21
.2 22
3.6 23 3.2 24 .2 25 .2 26
3.6 27
19.1 28 2.1 29 15.9 30 3.5 31
(3) From 1974, mainly Federal Financing Bank purchases of Farmers Home Administration mortgage pool securi t ies .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1979-11-14 | 3rd Quarter 1979