Flow of Funds Data Dictionary

Transcription

1 Flow of Funds Data Dictionary October 2003 This version of documentation is preliminary and does not necessarily represent the current Global Insight (formerly DRI WEFA) database. The availability of specific data may not be reflected in this version because of ongoing changes to the data. For example, series codes may have been added or dropped and descriptive information (leftmost column) may have changed. Please direct any questions concerning the accuracy or completeness of the information or the availability of data to Client Resource Center at or [email protected].

2 Global Insight (USA), Inc. TABLE OF CONTENTS TABLE OF CONTENTS INTRODUCTION II VI FLOWS CONCEPT SERIES 1 F.1 Total Net Borrowing And Lending In Credit Markets... 2 F.2 Credit Market Borrowing by Nonfinancial Sectors... 4 F.3 Credit Market Borrowing by Financial Sectors... 5 F.4 Credit Market Borrowing, All Sectors, by Instrument... 6 F.5 Net Increase in Liabilities and Its Relation to Net Acquisition of Financial Assets... 7 F.6 Distribution of Gross Domestic Product... 8 F.7 Distribution of National Income F.8 Gross Saving and Investment F.9 Net Capital Transfers F.10 Derivation of Measures of Personal Saving F.100 Households and Nonprofit Organizations F.101 Nonfinancial Business F.102 Nonfarm Nonfinancial Corporate Business F.103 Nonfarm Noncorporate Business F.104 Farm Business F.105 State and Local Governments, Excluding Employee Retirement Funds F.106 Federal Government F.107 Rest of the World F.108 Monetary Authority F.109 Commercial Banking F.110 U.S.-Chartered Commercial Banks F.111 Foreign Banking Offices in U.S F.112 Bank Holding Companies F.113 Banks in U.S.-Affiliated Areas F.114 Savings Institutions F.115 Credit Unions F.116 Bank Personal Trusts and Estates F.117 Life Insurance Companies F.118 Other Insurance Companies F.119 Private Pension Funds F.120 State and Local Government Employee Retirement Funds F.121 Federal Government Retirement Funds F.122 Money Market Mutual Funds F.123 Mutual Funds F.124 Closed-End and Exchange-Traded Funds F.125 Government-Sponsored Enterprises F.126 Federally Related Mortgage Pools F.127 Issuers of Asset-Backed Securities (ABSs) F.128 Finance Companies F.129 Mortgage Companies F.130 Real Estate Investment Trusts (REITs) F.131 Security Brokers and Dealers F.132 Funding Corporations F.200 Gold and Official Foreign Exchange Holdings F.201 SDR Certificates and Treasury Currency F.202 U.S. Deposits in Foreign Countries F.203 Net Interbank Transactions F.204 Checkable Deposits and Currency Flow of Funds Data Dictionary ii Global Insight (USA), Inc.

3 Global Insight (USA), Inc. F.205 Time and Savings Deposits F.206 Money Market Mutual Fund Shares F.207 Federal Funds and Security Repurchase Agreements F.208 Open Market Paper F.209 Treasury Securities F.210 Agency Securities F.211 Municipal Securities and Loans F.212 Corporate and Foreign Bonds F.213 Corporate Equities F.214 Mutual Fund Shares F.215 Bank Loans Not Elsewhere Classified F.216 Other Loans and Advances F.217 Total Mortgages F.218 Home Mortgages F.219 Multifamily Residential Mortgages F.220 Commercial Mortgages F.221 Farm Mortgages F.222 Consumer Credit F.223 Trade Credit F.224 Security Credit F.225 Life Insurance and Pension Fund Reserves F.226 Taxes Payable by Businesses F.227 Investment in Bank Personal Trusts and Estates F.228 Proprietors Equity in Noncorporate Business F.229 Total Miscellaneous Financial Claims F.230 Identified Miscellaneous Financial Claims Part I F.231 Identified Miscellaneous Financial Claims Part II F.232 Unidentified Miscellaneous Financial Claims F.11 Sector Discrepancies F.12 Instrument Discrepancies LEVELS CONCEPT SERIES 96 L.1 Credit Market Debt Outstanding L.2 Credit Market Debt Owed by Nonfinancial Sectors L.3 Credit Market Debt Owed by Financial Sectors L.4 Credit Market Debt, All Sectors, by Instrument L.5 Total Liabilities and Its Relation to Total Financial Assets L.10 Assets and Liabilities of the Personal Sector L.100 Households and Nonprofit Organizations L.101 Nonfinancial Business L.102 Nonfarm Nonfinancial Corporate Business L.103 Nonfarm Noncorporate Business L.104 Farm Business L.105 State and Local Governments L.106 Federal Government L.107 Rest of the World L.108 Monetary Authority L.109 Commercial Banking L.110 U.S.-Chartered Commercial Banks L.111 Foreign Banking Offices in U.S L.112 Bank Holding Companies L.113 Banks in U.S.-Affiliated Areas L.114 Savings Institutions L.115 Credit Unions L.116 Bank Personal Trusts and Estates L.117 Life Insurance Companies Flow of Funds Data Dictionary iii Global Insight (USA), Inc.

4 Global Insight (USA), Inc. L.118 Other Insurance Companies L.119 Private Pension Funds L.120 State and Local Government Employee Retirement Funds L.121 Federal Government Retirement Funds L.122 Money Market Mutual Funds L.123 Mutual Funds L.124 Closed-End and Exchange-Traded Funds L.125 Government-Sponsored Enterprises (GSEs) L.126 Federally Related Mortgage Pools L.127 Issuers of Asset-Backed Securities (ABSs) L.128 Finance Companies L.129 Mortgage Companies L.130 Real Estate Investment Trusts (REITs) L.131 Security Brokers and Dealers L.132 Funding Corporations L.200 Gold and Official Foreign Exchange Holdings L.201 SDR Certificates and Treasury Currency L.202 U.S. Deposits in Foreign Countries L.203 Net Interbank Transactions L.204 Checkable Deposits and Currency L.205 Time and Savings Deposits L.206 Money Market Mutual Fund Shares L.207 Federal Funds and Security Repurchase Agreements L.208 Open Market Paper L.209 Treasury Securities L.210 Agency Securities L.211 Municipal Securities and Loans L.212 Corporate and Foreign Bonds L.213 Corporate Equities L.214 Mutual Fund Shares L.215 Bank Loans Not Elsewhere Classified L.216 Other Loans and Advances L.217 Total Mortgages L.218 Home Mortgages L.219 Multifamily Residential Mortgages L.220 Commercial Mortgages L.221 Farm Mortgages L.222 Consumer Credit L.223 Trade Credit L.224 Security Credit L.225 Life Insurance and Pension Fund Reserves L.226 Taxes Payable by Businesses L.227 Investment in Bank Personal Trusts and Estates L.229 Total Miscellaneous Financial Claims L.230 Identified Miscellaneous Financial Claims - Part I L.231 Identified Miscellaneous Financial Claims - Part II L.232 Unidentified Miscellaneous Financial Claims BALANCE SHEET AND RECONCILIATION TABLES 178 B.100 Balance Sheet of Households and Nonprofit Organizations B.100 Balance Sheet of Households and Nonprofit Organizations 1 (Continued) B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business (Continued) B.103 Balance Sheet of Nonfarm Noncorporate Business R.100 Change in Net Worth of Households and Nonprofit Organizations R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business Flow of Funds Data Dictionary iv Global Insight (USA), Inc.

5 Global Insight (USA), Inc. R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business (Continued) R.103 Change in Net Worth of Nonfarm Noncorporate Business SUPPLEMENTARY TABLES 189 F.100.a Nonprofit Organizations L.100.a Nonprofit Organizations F.106.c Consolidated Statement for Federal, State, and Local Governments L.106.c Consolidated Statement for Federal, State, and Local Governments F.119.b Private Pension Funds: Defined Benefit Plans L.119.b Private Pension Funds: Defined Benefit Plans F.119.c Private Pension Funds: Defined Contribution Plans L.119.c Private Pension Funds: Defined Contribution Plans F.225.i Individual Retirement Accounts (IRAs) L.225.i Individual Retirement Accounts (IRAs) B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail Flow of Funds Data Dictionary v Global Insight (USA), Inc.

6 Global Insight (USA), Inc. INTRODUCTION The Accounts The Flow of Funds database includes the quarterly flow of funds accounts and related annual balance sheets information that are compiled by the Board of Governors of the Federal Reserve. The flow of funds accounts brings the many financial activities of the U.S. economy into explicit statistical relationship with one another and with the nonfinancial activities that generate income and production. The system provides extensive sectoral and transactional coverage of financial developments in the U.S. economy: from saving and investment to borrowing and lending. The accounts offer a clear statement of total sources of funds flowing to economic sectors, in relation to each sector s total uses of funds. The combine the nonfinancial data presented in the national income and product accounts with the capital account data associated with the acquisition of financial assets and liabilities for the economy as a whole and for each separate group of transactors. Participants in the U.S. economy are divided into distinct sectors that do not overlap. Each of these is defined as consistently as possible with the classifications used in the national income and product accounts; and each represents a combination of institutions or individuals that possesses some set of uniform attributes. Financial transactions are also classified consistently across sectors for lenders and borrowers into forms such as consumer credit and mortgages, corporate bonds, government securities, and deposits in financial institutions. Consistency of transaction definitions within and across sectors is essential to maintain the comparability of the data. Transactions in each sector are recorded as uses or sources. Those involving assets are recorded as uses, with the difference between purchases and sales of assets recorded as net asset acquisitions. Similarly, net increases in liabilities appear as sources. The accounts are, in fact, a form of quadruple-entry bookkeeping. In the sector accounts, every transaction is entered simultaneously as both a use of funds for the lending sector and a source to the borrowing sector. The same information also is captured in the transaction accounts, in which total activity in particular instruments is summarized by borrowing and lending sectors. Statistics are in the form of flows (increments in amounts of assets and liabilities outstanding) and outstanding (actual level of claims in existence). Estimates of financial assets and liabilities are linked to data on flows. Unlike flows, figures on outstandings can contain breaks that affect analysis of specific relationships over time, such as changes in valuation, interruptions in sources data, and changes in definitions. For most series there are no such breaks or they have been minimized. For more detailed information on the accounts, please refer to Guide to the Flow of Funds Accounts published by the Federal Reserve. The Database The Flow of Funds statistics are available at quarterly in the Global Insight FLOW database. The quarterly and annual series generally extend back to The Federal Reserve Board provides quarterly updates approximately ten weeks after the end of a quarter: March, June, September and December; and the annuals in March and September. The Federal Reserve draws its information for the flow of funds accounts from a variety of sources. Complete and final data are not always timely. Therefore, with each addition of new estimates for the most current quarter, prior quarters may be revised. These changes typically cover a five-quarter interval. Each year, however, the Federal Reserve revises the flow of funds accounts in their entirety, coincident with the release of second quarter estimates. At that time, necessary definitional or methodological changes are incorporated and may delay release of the update. Quarterly time series in FLOW detail flows of claims (increments in amounts of assets and liabilities outstanding), amounts outstanding (actual levels of claims in existence), and household net worth. All flows are available both seasonally and not seasonally adjusted. Levels (or outstandings) are available Flow of Funds Data Dictionary vi Global Insight (USA), Inc.

7 Global Insight (USA), Inc. only on a not seasonally adjusted basis. It should be noted that for every series in the section on outstandings, there exists a corresponding flow series. The converse, however, is not always true. The annual time series detail data on tangible assets and sector net worth, for the private sectors of the U.S. economy, with financial institutions presented as one group. Updates occur twice a year, in March for preliminary annual figures and in September for revised estimates. The Data Dictionary The remainder of this document details the database by flow of funds table and corresponds to the Z.1 publication. It begins with the flows, then outstandings (levels); followed by the balance sheets and reconciliation tables, and the supplementary tables. Each table has 2 columns: series description and series code. The mnemonics used for the Flow of Funds database are the exact codes supplied by the Federal Reserve. The series names presented in the section on flows are for the seasonally adjusted versions of the series. Each has an unadjusted counterpart, the mnemonics for which can be formed by replacing prefix FA with FU. The codes in the tables for outstandings or levels (prefix FL) require no modification; nor do the annual series names. Flow of Funds Data Dictionary vii Global Insight (USA), Inc.

8 Flows Concept Series FLOWS CONCEPT SERIES Flow of Funds Data Dictionary 1 Global Insight (USA), Inc.

9 Flows Concept Series F.1 Total Net Borrowing And Lending In Credit Markets 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Total net borrowing Domestic nonfinancial sectors Federal government Nonfederal sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Rest of the world Financial sectors Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs Brokers and dealers Funding corporations FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Excludes corporate equities and mutual fund shares. Flow of Funds Data Dictionary 2 Global Insight (USA), Inc.

10 Flows Concept Series F.1 Total Net Borrowing And Lending In Credit Markets 1 (Continued) Total net lending Domestic nonfederal nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Financial sectors Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs Brokers and dealers Funding corporations FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 3 Global Insight (USA), Inc.

11 Flows Concept Series F.2 Credit Market Borrowing by Nonfinancial Sectors Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Domestic Federal government Treasury securities Budget agency securities and mortgages Nonfederal, by instrument Commercial paper Municipal securities and loans Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Home Multifamily residential Commercial Farm Consumer credit Nonfederal, by sector Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Foreign borrowing in U.S. Commercial paper Bonds Bank loans n.e.c. Other loans and advances Domestic and foreign FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 4 Global Insight (USA), Inc.

12 Flows Concept Series F.3 Credit Market Borrowing by Financial Sectors Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU By instrument Federal government-related Government-sponsored enterprise securities Mortgage pool securities U.S. government loans Private financial sectors Open market paper Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages By sector Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs Brokers and dealers Funding corporations FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 5 Global Insight (USA), Inc.

13 Flows Concept Series F.4 Credit Market Borrowing, All Sectors, by Instrument Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Total Open market paper U.S. government securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Other loans and advances Mortgages Consumer credit FA FA FA FA FA FA FA FA FA Memo: Funds raised through corporate equities and mutual fund shares Total net issues Corporate equities Nonfinancial Foreign shares purchased by U.S. residents Financial Mutual fund shares FA FA FA FA FA FA Flow of Funds Data Dictionary 6 Global Insight (USA), Inc.

14 Flows Concept Series F.5 Net Increase in Liabilities and Its Relation to Net Acquisition of Financial Assets Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net flows through credit markets Official foreign exchange SDR certificates Treasury currency Foreign deposits Net interbank transactions Checkable deposits and currency Small time and savings deposits Large time deposits Money market fund shares Security RPs Corporate equities Mutual fund shares Trade payables Security credit Life insurance reserves Pension fund reserves Taxes payable Investment in bank personal trusts Noncorporate proprietors' equity Miscellaneous Total financial sources - Liabilities not identified as assets: Treasury currency Foreign deposits Net interbank liabilities Security RPs Taxes payable Miscellaneous - Floats not included in assets: Checkable deposits: Federal government Other Trade credit Totals identified to sectors as assets FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 7 Global Insight (USA), Inc.

15 Flows Concept Series F.6 Distribution of Gross Domestic Product 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross Domestic Product (GDP) FA Personal consumption expenditures 2 FA Durable goods FA Nondurable goods FA Services FA Gross private domestic investment FA Fixed investment FA Nonresidential FA Household sector (nonprofit organizations) FA Nonfinancial corporate business FA Nonfarm noncorporate business FA Farm business FA Financial corporations FA Residential FA Household sector FA Nonfinancial corporate business FA Nonfarm noncorporate business FA REITs FA Change in private inventories FA Nonfinancial corporate business FA Nonfarm noncorporate business FA Farm business FA Net U.S. exports of goods and services FA Exports FA Imports FA Government consumption expenditures and gross investment FA Consumption expenditures 3 FA Federal FA State and local FA Gross investment 3 FA Federal FA State and local FA This table corresponds to NIPA table 1.1 in the Survey of Current Business, Department of Commerce. 2 Component of personal outlays, found on table F Government inventory investment is included in consumption expenditures. Flow of Funds Data Dictionary 8 Global Insight (USA), Inc.

16 Flows Concept Series F.6 Distribution of Gross Domestic Product 1 (Continued) Memo: Net U.S. income receipts from rest of the world FA U.S. income receipts FA U.S income payment FA Gross national product (GNP) = GDP + net U.S. income receipts FA Flow of Funds Data Dictionary 9 Global Insight (USA), Inc.

17 Flows Concept Series F.7 Distribution of National Income 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU National income Compensation of employees Wages and other labor income Employer social insurance contributions Wage accruals less disbursements Proprietors income with inventory valuation and capital consumption adjustments Nonfarm Farm Rental income of persons (with capital consumption adjustment) Corporate profits with inventory valuation and capital consumption adjustments Corporate profits with inventory valuation adjustment Profits before tax Domestic nonfinancial Farm Foreign subsidiaries Financial Less: Profits tax liability Domestic nonfinancial Farm Financial Equals: Profits after tax Dividends Domestic nonfinancial Farm Foreign subsidiaries Financial Undistributed profits Domestic nonfinancial Farm Foreign subsidiaries Financial Inventory valuation adjustment FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA This table corresponds to NIPA table 1.14 in the Survey of Current Business, Department of Commerce. Flow of Funds Data Dictionary 10 Global Insight (USA), Inc.

18 Flows Concept Series F.7 Distribution of National Income 1 (Continued) Capital consumption adjustment Domestic nonfinancial Farm Financial Net interest FA FA FA FA FA Memo: Calculation of gross domestic product from national income 2 : National income Plus: Business transfer payments to persons Business transfer payments to rest of the world Indirect business tax and nontax accruals Private consumption of fixed capital Government consumption of fixed capital Statistical discrepancy Less: Subsidies less current surplus of government enterprises Net U.S. income receipts from rest of the world Equals: Gross Domestic Product FA FA FA FA FA FA FA FA FA FA The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.9 in the Survey of Current Business, Department of Commerce. Flow of Funds Data Dictionary 11 Global Insight (USA), Inc.

19 Flows Concept Series F.8 Gross Saving and Investment 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Gross private saving Personal saving Undistributed corporate profits Nonfinancial corporate inventory valuation adjustment Corporate capital consumption adjustment Private consumption of fixed capital Corporate Noncorporate Wage accruals less disbursements Gross government saving Federal Consumption of fixed capital Current surplus or deficit (-), NIPA State and local Consumption of fixed capital Current surplus or deficit (-), NIPA Gross investment Gross private domestic investment Fixed investment Nonresidential Residential Change in private inventories Gross government investment Net foreign investment in U.S. Statistical discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA This table corresponds to NIPA table 5.1 in the Survey of Current Business, Department of Commerce. Flow of Funds Data Dictionary 12 Global Insight (USA), Inc.

20 Flows Concept Series F.9 Net Capital Transfers 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Capital transfers received by government (net) FA Federal FA Estate and gift taxes paid by persons FA Capital transfers paid to the rest of the world (net) FA Federal investment grants to state and local governments FA Investment grants to business FA State and local FA Estate and gift taxes paid by persons FA Federal investment grants to state and local governments FA Capital transfers received by the rest of the world (net) FA Capital transfers received from U.S. government (net) FA Immigrants transfers received by persons (net) FA This table corresponds to NIPA table 8.29 in the Survey of Current Business, Department of Commerce. Flow of Funds Data Dictionary 13 Global Insight (USA), Inc.

21 Flows Concept Series F.10 Derivation of Measures of Personal Saving 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net acquisition of financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Securities Open market paper U.S. government securities Municipal securities Corporate and foreign bonds Corporate equities 2 Mutual fund shares Life insurance reserves Pension fund reserves Investment in bank personal trusts Miscellaneous and other assets Gross investment in tangible assets Residential fixed investment Other fixed assets 3 Consumer durables Inventories 3 Consumption of fixed capital Residential fixed investment Other fixed assets 3 Consumer durables Net investment in tangible assets 4 Residential fixed investment Other fixed assets 3 Consumer durables Inventories 3 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Consolidated statement for household sector, nonfarm noncorporate business, and farm business. 2 Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds, life insurance and pension reserves, and bank personal trusts. 3 Includes corporate farms. 4 Gross investment in tangible assets less consumption of fixed capital. Flow of Funds Data Dictionary 14 Global Insight (USA), Inc.

22 Flows Concept Series F.10 Derivation of Measures of Personal Saving 1 (Continued) Net increase in liabilities FA Mortgage debt on nonfarm homes FA Other mortgage debt 3 FA Consumer credit FA Policy loans FA Security credit FA Other liabilities 3 FA Net capital transfers 5 FA Personal saving, with consumer durables (FOF) 6 FA Less net investment in consumer durables FA = Personal saving, without consumer durables (FOF) FA Personal saving (NIPA, excludes consumer durables) FA Difference FA Memo: Disposable personal income FA Table F.9, FA less FA and FA Personal saving, without consumer durables (FOF) and personal saving (NIPA, excludes consumer durables) are conceptually equivalent but measure saving using different data. Personal saving, without consumer durables is FA plus (FA FA ) less FA FA Personal saving (NIPA, excludes consumer durables) is FA FA (table F.100, line 4). Flow of Funds Data Dictionary 15 Global Insight (USA), Inc.

23 Flows Concept Series F.100 Households and Nonprofit Organizations 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Personal income FA Personal taxes and nontax payments FA = Disposable Personal income FA Personal outlays FA = Personal saving, NIPA 2 FA Government insurance and pension reserves 3 FA Net investment in consumer durables FA Consumption of fixed capital FA Net capital transfers 4 FA = Gross saving and net capital transfers FA Gross investment FA Capital expenditures FA Residential FA Consumer durable goods FA Nonprofit nonresidential FA Net financial investment FA Net acquisition of financial assets FA Foreign deposits FA Checkable deposits and currency FA Time and savings deposits FA Money market fund shares FA Credit market instruments FA Open market paper FA U.S. government securities FA Treasury FA Savings bonds FA Other FA Agency FA Municipal securities FA Corporate and foreign bonds FA Mortgages FA Sector includes farm households. Supplementary tables (tables F.100a and L.100) 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 and federal government life insurance reserves. 4 Table F.9, FA less FA and FA Flow of Funds Data Dictionary 16 Global Insight (USA), Inc.

24 Flows Concept Series F.100 Households and Nonprofit Organizations 1 (Continued) Corporate equities 5 Mutual fund shares Security credit Life insurance reserves Pension fund reserves Investment in bank personal trusts Equity in noncorporate business Miscellaneous assets Net increase in liabilities Credit market instruments Home mortgages 6 Consumer credit Municipal securities Bank loans n.e.c. Other loans and advances Commercial mortgages Security credit Trade payables Deferred and unpaid life insurance premiums Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds, life insurance and pension reserves, and bank personal trusts. 6 Includes loans made under home equity lines of credit and home equity loans secured by junior liens. Flow of Funds Data Dictionary 17 Global Insight (USA), Inc.

25 Flows Concept Series F.101 Nonfinancial Business 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Income before taxes Gross saving and net capital transfers Gross investment Capital expenditures Fixed investment Residential Nonresidential Change in inventories Access rights from federal government Net financial investment Net acquisition of financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Commercial paper U.S. government securities Municipal securities Mortgages Consumer credit Mutual fund shares Trade receivables Miscellaneous assets Net increase in liabilities Credit market instruments Commercial paper Municipal securities Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Corporate equities Trade payables Taxes payable Miscellaneous liabilities Proprietors net investment Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Combined statement for nonfarm nonfinancial business, nonfarm noncorporate business, and farm business. Flow of Funds Data Dictionary 18 Global Insight (USA), Inc.

26 Flows Concept Series F.102 Nonfarm Nonfinancial Corporate Business Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Profits before tax (book) FA Profit tax accruals FA Dividends FA Capital consumption allowance 1 FA = U.S. internal funds, book FA Foreign earnings retained abroad FA Inventory valuation adjustment (IVA) FA Net capital transfers 2 FA = Total internal funds + IVA FA Gross investment FA Capital expenditures FA Fixed investment 3 FA Inventory change + IVA FA Access rights from federal government FA Net financial investment FA Net acquisition of financial assets FA Foreign deposits FA Checkable deposits and currency FA Time and savings deposits FA Money market fund shares FA Security RPs FA Commercial paper FA U.S. government securities FA Municipal securities FA Mortgages FA Consumer credit FA Trade receivables FA Mutual fund shares FA Consumption of fixed capital plus capital consumption adjustment. 2 Table F.9, FA Nonresidential fixed investment plus residential fixed investment, shown in table F.6, FA and FA Flow of Funds Data Dictionary 19 Global Insight (USA), Inc.

27 Flows Concept Series F.102 Nonfarm Nonfinancial Corporate Business (Continued) Miscellaneous assets U.S. direct investment abroad 4 Insurance receivables Equity in GSEs Investment in finance company subsidiaries Other Net increase in liabilities Net funds raised in markets Net new equity issues Credit market instruments Commercial paper Municipal securities 5 Corporate bonds 4 Bank loans n.e.c. Other loans and advances Savings institutions Finance companies U.S. government Acceptance liabilities to banks Rest of the world ABS issuers Mortgages Trade payables Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Pension fund contributions payable Other Discrepancy Memo: Financing gap 6 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Through 1992:4, 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 Capital expenditures less the sum of U.S internal funds and inventory valuation adjustment. Flow of Funds Data Dictionary 20 Global Insight (USA), Inc.

28 Flows Concept Series F.103 Nonfarm Noncorporate Business Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net income with IVA and CCAdj Gross saving = capital consumption Gross investment Capital expenditures Fixed investment 1 Change in inventories Net financial investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market mutual funds Treasury securities Municipal securities Mortgages Consumer credit Trade receivables Miscellaneous assets Insurance receivables Equity investment in GSEs 2 Other Net increase in liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities Proprietors' net investment FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Nonresidential fixed investment plus residential fixed investment, shown in table F.6. 2 Equity in the Farm Credit System. Flow of Funds Data Dictionary 21 Global Insight (USA), Inc.

29 Flows Concept Series F.104 Farm Business 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Proprietors' net income with IVA and CCAdj Net saving (corporate) Consumption of fixed capital Corporate Noncorporate Gross saving Gross investment Capital expenditures Fixed investment 2 Change in inventories Net financial investment Net acquisition of financial assets Checkable deposits and currency Miscellaneous assets Insurance receivables Equity investment in GSEs 3 Net increase in liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Proprietors' net investment FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Corporate and noncorporate farms. 2 Nonresidential fixed investment, shown in table F.6. 3 Equity in the Farm Credit System. Flow of Funds Data Dictionary 22 Global Insight (USA), Inc.

30 Flows Concept Series F.105 State and Local Governments, Excluding Employee Retirement Funds 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Current receipts, NIPA basis FA Personal tax and nontax receipts FA Corporate profits tax accruals FA Indirect business tax and nontax accruals FA Contributions for social insurance FA Federal grants-in-aid FA Current expenditures, NIPA basis FA Consumption expenditures FA Transfer payments to persons FA Net interest paid FA Dividends received by government FA Subsidies less current surplus of government enterprises FA Wage accruals less disbursements FA Current surplus or deficit (-), NIPA basis FA Consumption of fixed capital FA Net capital transfers 2 FA = Gross saving and net capital transfers FA Gross investment FA Fixed investment FA Net financial investment FA Net acquisition of financial assets FA Checkable deposits and currency FA Time and savings deposits FA Security RPs FA Credit market instruments FA Open market paper FA U.S. government securities FA Treasury FA Agency FA Municipal securities FA Corporate and foreign bonds FA Mortgages FA Data from retirement funds are shown in table F State and local. Flow of Funds Data Dictionary 23 Global Insight (USA), Inc.

31 Flows Concept Series F.105 State and Local Governments, Excluding Employee Retirement Funds 1 (Continued) Corporate equities Mutual fund shares Taxes receivable Miscellaneous assets Net increase in liabilities Credit market instruments Municipal securities Short-term Other U.S. government loans Trade payables Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 24 Global Insight (USA), Inc.

32 Flows Concept Series F.106 Federal Government Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Current receipts, NIPA basis FA Personal tax and nontax receipts FA Corporate profits tax accruals FA Indirect business tax and nontax accruals FA Contributions for social insurance FA Current expenditures, NIPA basis FA Consumption expenditures FA Transfers payments (net) FA Grants-in-aid to state and local governments FA Net interest paid FA Subsidies less current surplus of government enterprises FA Wage accruals less disbursements FA Current surplus or deficit (-), NIPA basis FA Consumption of fixed capital FA Insurance and pension reserves 1 FA Net capital transfers 2 FA = Gross saving and net capital transfers FA Gross investment FA Fixed investment FA Access rights sales FA Net financial investment FA Net acquisition of financial assets FA Gold, SDRs, and official foreign exchange FA Checkable deposits and currency FA Time and savings deposits FA Credit market instruments FA Agency securities FA Other loans and advances FA Mortgages FA Consumer credit 3 FA Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. 2 Table F.9, Federal. 3 Student loans. Flow of Funds Data Dictionary 25 Global Insight (USA), Inc.

33 Flows Concept Series F.106 Federal Government (Continued) Trade receivables Taxes receivable Miscellaneous assets Net increase in liabilities SDR certificates Treasury currency Credit market instruments Savings bonds Other Treasury securities Budget agency securities Multifamily residential mortgages Trade payables Insurance reserves Miscellaneous liabilities 4 Nonmarketable securities held by pension plans Other Discrepancy Memo: Change in cash balance 5 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement and disability fund. 5 Time and savings deposits (line 25) plus checkable deposit and currency liabilities of the monetary authority and commercial banking sectors (table F.204, lines 3 and 7). Flow of Funds Data Dictionary 26 Global Insight (USA), Inc.

34 Flows Concept Series F.107 Rest of the World Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Foreign income from U.S. U.S. imports U.S. income payments to rest of world Net transfers to rest of world Foreign outlays to U.S. U.S. exports U.S. income receipts from rest of world Net capital transfers 1 Gross saving and net capital transfers 2 Net financial investment Net acquisition of financial assets Gold and SDRs 3 Net interbank assets U.S. checkable deposits and currency U.S. time deposits Security RPs Credit market instruments Open market paper U.S. government securities Official Treasury Agency Private Treasury Agency U.S. corporate bonds 4 Loans to U.S. corporate business U.S. corporate equities Trade receivables Security credit Miscellaneous assets Foreign direct investment in U.S. 5 Other FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Table F.9, FA FA FA FA ; also equal to FA with the sign reversed plus FA U.S. net sales, sign reversed. 4 Through 1992:4, 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. Flow of Funds Data Dictionary 27 Global Insight (USA), Inc.

35 Flows Concept Series F.107 Rest of the World (Continued) Net increase in liabilities U.S. official foreign exchange and net IMF position U.S. private deposits Credit market instruments Commercial paper Bonds Bank loans n.e.c. Official Banks Other U.S. government loans Acceptance liabilities to banks Foreign corporate equities 6 Trade payables Security debt Miscellaneous liabilities U.S. equity in IBRD, etc. U.S. government deposits U.S. direct investment abroad 4,5 Other Discrepancy (FOF basis) 7 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Memo: Net U.S. exports, NIPA basis FA Net U.S. income receipts 8 FA Net transfer payments to foreign FA = Net foreign investment in U.S. (NIPA basis) FA Includes American Depositary Receipts (ADRs). 7 Balance of payments discrepancy adjusted to NIPA concepts. 8 Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP. Flow of Funds Data Dictionary 28 Global Insight (USA), Inc.

36 Flows Concept Series F.108 Monetary Authority 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Gold and foreign exchange SDR certificates Treasury currency Federal Reserve float Federal Reserve loans to domestic banks Security RPs Credit market instruments Acceptances U.S. government securities Treasury Agency Bank loans n.e.c. Miscellaneous assets Net increase in liabilities Depository institution reserves Vault cash of commercial banks Checkable deposits and currency Due to federal government Due to rest of the world Currency outside banks Miscellaneous liabilities Federal Reserve Bank stock Other Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board. Flow of Funds Data Dictionary 29 Global Insight (USA), Inc.

37 Flows Concept Series F.109 Commercial Banking 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Vault cash Reserves at Federal Reserve Checkable deposits and currency Total bank credit U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Total loans Open market paper Bank loans n.e.c. Mortgages Consumer credit Security credit Corporate equities Mutual fund shares Customers liability on acceptances 2 Miscellaneous assets Net increase in liabilities Net interbank liabilities To monetary authority To domestic banks 3 To foreign banks FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA U.S.-chartered commercial banks, foreign banking offices in U.S. bank holding companies, and banks in U.S.- affiliated areas. IBFs are excluded from domestic banking and treated the same as branches in foreign countries. 2 Included in other loans and advances (table F.216). 3 Floats and discrepancies in interbank transactions. Flow of Funds Data Dictionary 30 Global Insight (USA), Inc.

38 Flows Concept Series F.109 Commercial Banking 1 (Continued) Checkable deposits Federal government Rest of the world Private domestic Small time and savings deposits Large time deposits Federal funds and security RPs (net) Credit market instruments Open market paper Corporate bonds Other loans and advances Corporate equity issues Taxes payable Miscellaneous liabilities Discrepancy Memo: Credit market funds advanced 4 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Total bank credit less security credit less corporate equities less mutual fund shares plus customers liability on acceptances. Flow of Funds Data Dictionary 31 Global Insight (USA), Inc.

39 Flows Concept Series F.110 U.S.-Chartered Commercial Banks Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Vault cash and reserves at Federal Reserve Total bank credit U.S. government securities Treasury Agency Mortgage pool securities Agency-issued CMOs Other agency securities Municipal securities Corporate and foreign bonds Private mortgage pool securities Privately issued CMOs Other bonds Total loans Open market paper Bank loans n.e.c. Mortgages Consumer credit Security credit Corporate equities Mutual fund shares Customers' liability on acceptances 1 Miscellaneous assets FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Included in other loans and advances (table F.216). Flow of Funds Data Dictionary 32 Global Insight (USA), Inc.

40 Flows Concept Series F.110 U.S.-Chartered Commercial Banks (Continued) Net increase in liabilities Net interbank liabilities Federal Reserve float Borrowing from Federal Reserve banks To domestic banking To foreign banks Checkable deposits Federal government Rest of the world Private domestic Small time and savings deposits Large time deposits Federal funds and security RPs (net) Acceptance liabilities Corporate bonds Other loans and advances Corporate equity issues Taxes payable Miscellaneous liabilities Investment by bank holding companies Other Discrepancy Memo: Credit market funds advanced 2 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Total bank credit less security credit less corporate equities less mutual fund shares plus customers liability on acceptances. Flow of Funds Data Dictionary 33 Global Insight (USA), Inc.

41 Flows Concept Series F.111 Foreign Banking Offices in U.S. 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Reserves at Federal Reserve Total bank credit U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Total loans Open market paper Bank loans n.e.c. Mortgages Security credit Corporate equities Customers liability on acceptances 2 Miscellaneous assets Net increase in liabilities Net interbank liabilities To foreign banks To domestic banks Checkable deposits Small time and savings deposits Large time deposits Federal funds and security RPs (net) Acceptance liabilities Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other Discrepancy Memo: Credit market funds advanced 3 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:2), and American Express Bank. 2 Included in other loans and advances (table F.216). 3 Total bank credit less security credit less corporate equities plus customers liability on acceptances. Flow of Funds Data Dictionary 34 Global Insight (USA), Inc.

42 Flows Concept Series F.112 Bank Holding Companies Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Credit market instruments U.S. government securities Treasury Agency Corporate and foreign bonds Bank loans n.e.c. Miscellaneous assets Investment in bank subsidiaries Investment in nonblank subsidiaries Other Net increase in liabilities Net interbank liabilities To domestic banks To foreign banks Federal funds and security RPs (net) Credit market instruments Commercial paper Corporate bonds Corporate equity issues Miscellaneous liabilities Equity, etc. Other Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 35 Global Insight (USA), Inc.

43 Flows Concept Series F.113 Banks in U.S.-Affiliated Areas 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Credit market instruments U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Bank loans n.e.c. Home mortgages Commercial mortgages Miscellaneous assets Net increase in liabilities Checkable deposits Small time and savings deposits Large time deposits Miscellaneous liabilities Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas. Flow of Funds Data Dictionary 36 Global Insight (USA), Inc.

44 Flows Concept Series F.114 Savings Institutions 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Reserves at Federal Reserve Checkable deposits and currency Time and savings deposits Federal funds and security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Other loans and advances Mortgages Consumer credit Corporate equities Miscellaneous assets Net increase in liabilities Deposits Checkable Small time and savings Large time Security RPs Credit market instruments Corporate bonds Bank loans n.e.c. Other loans and advances Taxes payable Miscellaneous liabilities Investment by parent Other Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Savings and loan associations, mutual savings banks, and federal savings banks. Flow of Funds Data Dictionary 37 Global Insight (USA), Inc.

45 Flows Concept Series F.115 Credit Unions Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Federal funds and security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Home mortgages Consumer credit Mutual fund shares Miscellaneous assets Net increase in liabilities Shares/deposits Checkable Small time and savings Large time Other loans and advances Miscellaneous liabilities Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 38 Global Insight (USA), Inc.

46 Flows Concept Series F.116 Bank Personal Trusts and Estates 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net acquisition of financial assets Deposits Checkable deposits and currency Time and savings deposits Money market fund shares Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Net increase in liabilities 2 Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Includes personal trusts and estates administered by nondeposit noninsured trust companies. 2 Equal to the net acquisition of tangible and financial assets. These liabilities are assets of the household sector. Flow of Funds Data Dictionary 39 Global Insight (USA), Inc.

47 Flows Concept Series F.117 Life Insurance Companies Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Money market fund shares Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Policy loans Mortgages Corporate equities Mutual fund shares Miscellaneous assets Net increase in liabilities Corporate equity issues Other loans and advances Life insurance reserves Pension fund reserves 1 Taxes payable Miscellaneous liabilities Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities. Flow of Funds Data Dictionary 40 Global Insight (USA), Inc.

48 Flows Concept Series F.118 Other Insurance Companies Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Security RPs Credit market instruments U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Commercial mortgages Corporate equities Trade receivables Miscellaneous assets Net increase in liabilities Corporate equity issues Taxes payable Miscellaneous liabilities Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 41 Global Insight (USA), Inc.

49 Flows Concept Series F.119 Private Pension Funds 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts 2 Contributions receivable Other Pension fund reserves (liabilities) 3 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Private defined benefit plans and defined contribution plans (including 401(k) type plans). Also includes the Federal Employees Retirement System Thrift Savings Plan. 2 Assets of private pension plans held at life insurance companies (e.g., GICs., variable annuities); series begins 1985:4. 3 Equal to the net acquisition of tangible and financial assets less gross saving. These liabilities are assets of the household sector. Flow of Funds Data Dictionary 42 Global Insight (USA), Inc.

50 Flows Concept Series F.120 State and Local Government Employee Retirement Funds Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Mortgages Corporate equities Miscellaneous assets Pension fund reserves (liabilities) 1 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Equal to the net acquisition of tangible and financial assets less gross saving. These liabilities are assets of the household sector. Flow of Funds Data Dictionary 43 Global Insight (USA), Inc.

51 Flows Concept Series F.121 Federal Government Retirement Funds 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net acquisition of financial assets Credit market instruments U.S. government securities Treasury Agency Corporate and foreign bonds Corporate equities Miscellaneous assets Pension fund reserves (liabilities) 2 FA FA FA FA FA FA FA FA FA Includes the Federal Employees Thrift Saving Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds. 2 Liabilities of the sector are assets of the household sector. Flow of Funds Data Dictionary 44 Global Insight (USA), Inc.

52 Flows Concept Series F.122 Money Market Mutual Funds 1 Start Date: Majority begins in 1974 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net acquisition of financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Miscellaneous assets Net share issues (liabilities) FA FA FA FA FA FA FA FA FA FA FA FA FA FA Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.117). Flow of Funds Data Dictionary 45 Global Insight (USA), Inc.

53 Flows Concept Series F.123 Mutual Funds 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Net acquisition of financial assets Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Corporate equities Miscellaneous assets Net share issues (liabilities) Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.117). Flow of Funds Data Dictionary 46 Global Insight (USA), Inc.

54 Flows Concept Series F.124 Closed-End and Exchange-Traded Funds Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Closed-end funds Net acquisition of financial assets Credit market instruments U.S. government securities Municipal securities Corporate and foreign bonds Corporate equities Net share issues (liabilities) Exchange-traded funds Net acquisition of financial assets Credit market instruments U.S. government securities Corporate and foreign bonds Corporate equities Net share issues (liabilities) FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 47 Global Insight (USA), Inc.

55 Flows Concept Series F.125 Government-Sponsored Enterprises 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Federal funds and security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Other loans and advances Sallie Mae Farm Credit System FHLB loans Mortgages Home Multifamily residential Farm Consumer credit 2 Miscellaneous assets Net increase in liabilities Credit market instruments GSE issues 3 U.S. government loans Miscellaneous liabilities Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Federal Home Loan Banks, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Farm Credit System, the Financing Corporation, the Resolution Funding Corporation, and the Student Loan Marketing Association (Sallie Mae), which is a subsidiary of SLM Corporation, a private company chartered in SLMA student loans. 3 Such issues are classified as U.S. government securities. Flow of Funds Data Dictionary 48 Global Insight (USA), Inc.

56 Flows Concept Series F.126 Federally Related Mortgage Pools 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net acquisition of financial assets Home mortgages Multifamily residential mortgages Commercial mortgages Farm mortgages Net increase in pool securities (liabilities) 2 FA FA FA FA FA FA GNMA, FNMA, FHLMC, and Farmers Home Administration pools. Also includes federally related pools that are used as collateral for federally related agency-issued 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 U.S. government securities. Flow of Funds Data Dictionary 49 Global Insight (USA), Inc.

57 Flows Concept Series F.127 Issuers of Asset-Backed Securities (ABSs) Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Agency securities 1 Other loans and advances Mortgages 2 Home Multifamily residential Commercial Consumer credit Trade credit Net increase in liabilities Commercial paper Corporate bonds Discrepancy Memo: Securitized assets not included above Consumer leases 3 REIT assets 4 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Federally related mortgage pool securities backing privately issued CMOs. 2 Mortgages backing privately issued pool securities and privately issued CMOs. 3 Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset; deprecation flows are included in FA , and fixed investment flows are included in FA Included in table F.129. Flow of Funds Data Dictionary 50 Global Insight (USA), Inc.

58 Flows Concept Series F.128 Finance Companies 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Credit market instruments Other loans and advances Mortgages Consumer credit Miscellaneous assets Net increase in liabilities Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Investment by parent Other Discrepancy Memo: Consumer leases not included above 2 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Includes retail captive finance companies. 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 tangible asset; deprecation flows are included in FA , and fixed investment flows are included in FA Flow of Funds Data Dictionary 51 Global Insight (USA), Inc.

59 Flows Concept Series F.129 Mortgage Companies 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net acquisition of financial assets Home mortgages Multifamily residential mortgages Commercial mortgages Net increase in liabilities Bank loans n.e.c. Investment by parent FA FA FA FA FA FA FA No data are available after 1997:Q4. Flow of Funds Data Dictionary 52 Global Insight (USA), Inc.

60 Flows Concept Series F.130 Real Estate Investment Trusts (REITs) Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Multifamily residential investment Net acquisition of financial assets Checkable deposits and currency Credit market instruments Agency securities Corporate and foreign bonds Mortgages Home Multifamily residential Commercial Miscellaneous assets Net increase in liabilities Security RPs Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Mortgages Corporate equity issues Miscellaneous liabilities Discrepancy Memo: Securitized assets included above Agency securities Home mortgages Multifamily residential mortgages Commercial mortgages FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 53 Global Insight (USA), Inc.

61 Flows Concept Series F.131 Security Brokers and Dealers Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Corporate equities Security credit Miscellaneous assets Net increase in liabilities Security RPs (net) Corporate bonds Corporate equity issues Trade payables Security credit Customer credit balances (HH) From banks Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other Proprietors net investment Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 54 Global Insight (USA), Inc.

62 Flows Concept Series F.132 Funding Corporations 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net acquisition of financial assets Money market fund shares Credit market instruments Open market paper Corporate and foreign bonds Miscellaneous assets 2 Investment in foreign banking offices Investment in brokers and dealers Net increase in liabilities Credit market instruments Open market paper Corporate bonds Miscellaneous liabilities Foreign direct investment in U.S. Securities loaned (net) Other FA FA FA FA FA FA FA FA FA FA FA FA FA FA Funding subsidiaries, nonblank financial holding companies, and custodial accounts for reinvested collateral of securities lending operations. 2 Due fro affiliated companies. Flow of Funds Data Dictionary 55 Global Insight (USA), Inc.

63 Flows Concept Series F.200 Gold and Official Foreign Exchange Holdings 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Total U.S. reserves U.S. gold stock and SDRs Federal government: Exchange Stability Fund Monetary authority U.S. foreign exchange position Official foreign currency holdings Treasury Monetary authority Net IMF position Federal government Monetary authority FA FA FA FA FA FA FA FA FA FA FA Lines 1, 2, and 3 exclude increases in SDRs through allocations, which have occurred at various dates beginning January Transactions in SDRs are included. Also excluded from the table are revaluations of foreign currency holdings, gold, SDRs, and IMF position. Allocations and revaluations are included in tables on outstandings. Flow of Funds Data Dictionary 56 Global Insight (USA), Inc.

64 Flows Concept Series F.201 SDR Certificates and Treasury Currency Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU SDR certificates Liability: Federal government Asset: Monetary authority Treasury currency Liability: Federal government Asset: Monetary authority Discrepancy FA FA FA FA FA Flow of Funds Data Dictionary 57 Global Insight (USA), Inc.

65 Flows Concept Series F.202 U.S. Deposits in Foreign Countries Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Total rest of the world liability Held by: Household sector Nonfinancial corporate business Money market mutual funds Discrepancy - Unallocated assets FA FA FA FA FA Flow of Funds Data Dictionary 58 Global Insight (USA), Inc.

66 Flows Concept Series F.203 Net Interbank Transactions Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities FA Monetary authority FA Depository institution reserves FA Vault cash FA Commercial banking FA To monetary authority FA To banks in foreign countries FA Liabilities, net FA U.S.-chartered commercial banks FA Due to foreign affiliates FA Due from foreign affiliates FA Foreign banking offices in U.S. FA Due to foreign affiliates FA Due from foreign affiliates FA Bank holding companies FA Due to foreign affiliates FA Due from foreign affiliates FA Less: Deposits at foreign banks FA U.S.-chartered commercial banks FA Foreign banking offices in U.S. FA To U.S. banking, net FA U.S.-chartered commercial banks FA Liabilities FA To foreign offices in U.S. FA To bank holding companies FA Unallocated FA Less due from: Foreign offices in U.S. FA Bank holding companies FA Foreign banking offices in U.S. FA Due to U.S. banks FA Due from U.S. banks FA Bank holding companies FA Due to U.S. banks FA Due from U.S. banks FA Flow of Funds Data Dictionary 59 Global Insight (USA), Inc.

67 Flows Concept Series F.203 Net Interbank Transactions (Continued) Net change in assets Rest of the world Domestic Monetary authority Federal Reserve float Loans to member banks Commercial banking Reserves at Federal Reserve Vault cash Savings institutions: Reserves at Federal Reserve Discrepancy--floats, etc. FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 60 Global Insight (USA), Inc.

68 Flows Concept Series F.204 Checkable Deposits and Currency Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities Monetary authority Federal government cash and deposits Deposits due to foreign Currency outside banks Commercial banking Federal government deposits Deposits due to foreign Private domestic deposits Savings institutions Credit unions Net change in assets Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Federal government Rest of the world Checkable deposits Currency Financial sectors Commercial banking Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Money market mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Mail float FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 61 Global Insight (USA), Inc.

69 Flows Concept Series F.205 Time and Savings Deposits Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities Small time and savings deposits Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas Savings institutions Credit unions Large time deposits 1 Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas Savings institutions Credit unions Net change in assets Household sector Nonfinancial business Corporate Nonfarm noncorporate State and local governments Federal government Rest of the world Financial sectors Savings institutions Credit unions Bank personal trusts and estates Private pension funds State and local government retirement funds Money market mutual funds FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Large time deposits are those issued in amounts of $100,000 or more. Flow of Funds Data Dictionary 62 Global Insight (USA), Inc.

70 Flows Concept Series F.206 Money Market Mutual Fund Shares Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net issues Net purchases Household sector Nonfinancial corporate business Nonfarm noncorporate business Bank personal trusts and estates Life insurance companies Private pension funds Funding corporations FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 63 Global Insight (USA), Inc.

71 Flows Concept Series F.207 Federal Funds and Security Repurchase Agreements Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities Commercial banking (net) U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions REITs Brokers and dealers (net) Net change in assets Nonfinancial corporate business State and local governments Rest of the world Financial sectors Monetary authority Savings institutions Credit unions Other insurance companies Private pension funds State and local government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Discrepancy - unallocated assets FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 64 Global Insight (USA), Inc.

72 Flows Concept Series F.208 Open Market Paper Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Total net issues, all types Commercial paper Nonfinancial corporate business Foreign issues in U.S. Nonfinancial Financial Financial sectors Commercial banking ABS issuers Finance companies REITs Funding corporations Bankers acceptances 1 Net purchases, by sector Household sector Nonfinancial corporate business State and local governments Rest of the world Monetary authority Commercial banking 1 Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Private pension funds State and local government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Brokers and dealers Funding corporations FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Excludes banks holdings of own acceptances. Flow of Funds Data Dictionary 65 Global Insight (USA), Inc.

73 Flows Concept Series F.209 Treasury Securities Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net issues Savings bonds Other Treasury issues Net purchases Household sector Savings bonds Other Treasury issues Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises Brokers and dealers Memo: Federal government borrowing 1 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Total issues of Treasury securities (FA ) plus budget agency securities (table F.210, FA ) and federal mortgage borrowing (table F.217, FA ). Flow of Funds Data Dictionary 66 Global Insight (USA), Inc.

74 Flows Concept Series F.210 Agency Securities 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net issues Budget agencies Government-sponsored enterprises Federally related mortgage pools Net purchases Household sector Nonfinancial corporate business State and local governments Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises ABS issuers REITs Brokers and dealers FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Agency securities include: issues of federal budget agencies (FA ) such as those for the TVA; issues of government-sponsored enterprises (FA ) such as FNMA and FHLB; and federally related mortgagebacked securities issued by GNMA, FNMA, FHLMC, and the Farmers Home Administration (FA ). 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, FA Flow of Funds Data Dictionary 67 Global Insight (USA), Inc.

75 Flows Concept Series F.211 Municipal Securities and Loans Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities State and local governments Short-term 1 Long-term Nonprofit organizations 2 Nonfinancial corporate business (industrial revenue bonds) Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Commercial banking Savings institutions Bank personal trusts and estates Life insurance companies Other insurance companies State and local government retirement funds Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises Brokers and dealers FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Debt with original maturity of 13 months or less. 2 Liability of the households and nonprofit organizations sector (table F.100 and L.100). Flow of Funds Data Dictionary 68 Global Insight (USA), Inc.

76 Flows Concept Series F.212 Corporate and Foreign Bonds Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net issues Nonfinancial corporate business Rest of the world 1 Financial sectors Commercial banking Savings institutions ABS issuers Finance companies REITs Brokers and dealers Funding corporations Net purchases Household sector State and local governments Rest of the world 2 Commercial banking Savings institutions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises REITs Brokers and dealers Funding corporations FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Net purchases of foreign issues by U.S. residents. 2 Net purchases of U.S. issues by foreign residents. Flow of Funds Data Dictionary 69 Global Insight (USA), Inc.

77 Flows Concept Series F.213 Corporate Equities 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net issues Nonfinancial corporate business Rest of the world 2 Financial sectors Commercial banking Life insurance companies Other insurance companies Closed-end funds Exchange-traded funds REITs Brokers and dealers Net purchases Household sector State and local governments Rest of the world 3 Commercial banking Savings institutions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Mutual funds Closed-end funds Exchange-traded funds Brokers and dealers FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Excludes mutual fund shares shown on table F Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs). 3 Net purchases of U.S issues by foreign residents. Flow of Funds Data Dictionary 70 Global Insight (USA), Inc.

78 Flows Concept Series F.214 Mutual Fund Shares Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net issues Net purchases Household sector Nonfinancial corporate business State and local governments Commercial banking Credit unions Bank personal trusts and estates Life insurance companies Private pension funds FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 71 Global Insight (USA), Inc.

79 Flows Concept Series F.215 Bank Loans Not Elsewhere Classified Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Total loans by commercial banking, flow of funds basis FA Loans elsewhere classified: Open market paper FA Mortgages FA Consumer credit FA Security credit FA = Banking sector total bank loans n.e.c. FA U.S.-chartered commercial banks FA Foreign banking offices in U.S. FA Bank holding companies FA Banks in U.S.-affiliated areas FA Loans from Federal Reserve banks FA = Total bank loans n.e.c. FA Net change in liabilities Nonfinancial sectors Household sector Corporate business Nonfarm noncorporate business Farm business Rest of the world Foreign official institutions Foreign banks Other foreign Financial sectors Savings institutions Finance companies Mortgage companies REITs FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 72 Global Insight (USA), Inc.

80 Flows Concept Series F.216 Other Loans and Advances Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Total other loans and advances U.S. government loans Liab.: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Rest of the world Government-sponsored enterprises Foreign loans to U.S. corporate business Liab.: Nonfinancial corporate business Customers liability on acceptances outstanding (Commercial banking asset) Liab.: Nonfinancial corporate business Rest of the world Savings institution loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business Policy loans (Household liability) Asset: Federal government Life insurance companies Government-sponsored enterprises loans Liab.: Household sector (SLMA) Noncorporate business (FCS) Farm business (FCS) Commercial banks (FHLB and SLMA) Savings institutions (FHLB and SLMA) Credit unions (FHLB) Life insurance companies (FHLB) Securitized loans held by ABS issuers Liab.: Nonfinancial corporate business Finance company loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 73 Global Insight (USA), Inc.

81 Flows Concept Series F.217 Total Mortgages Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in mortgages Home Multifamily residential Commercial Farm Net borrowing Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm Federal government REITs Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions 1 Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Government-sponsored enterprises 1 Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FHLB loans to savings institutions are included in other loans and advances. Flow of Funds Data Dictionary 74 Global Insight (USA), Inc.

82 Flows Concept Series F.218 Home Mortgages 1 Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net borrowing Household sector Nonfinancial corporate business Nonfarm noncorporate business Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Private pension funds State and local government retirement funds Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs Memo: Home equity loans included above 2 Commercial banking Savings institutions Credit unions ABS issuers Finance companies FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Mortgages on 1-14 family properties. 2 Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by mortgage companies and individuals. Flow of Funds Data Dictionary 75 Global Insight (USA), Inc.

83 Flows Concept Series F.219 Multifamily Residential Mortgages Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net borrowing Nonfinancial corporate business Nonfarm noncorporate business Federal government REITs Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies Private pension funds State and local government retirement funds Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 76 Global Insight (USA), Inc.

84 Flows Concept Series F.220 Commercial Mortgages Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net borrowing Household sector Nonfinancial corporate business Nonfarm noncorporate business REITs Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 77 Global Insight (USA), Inc.

85 Flows Concept Series F.221 Farm Mortgages Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net borrowing (Farm business) Net change in assets Household sector Nonfarm noncorporate business State and local government Federal government Commercial banking Savings institutions Life insurance companies State and local government retirement funds Government-sponsored enterprises Federally related mortgage pools FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 78 Global Insight (USA), Inc.

86 Flows Concept Series F.222 Consumer Credit Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities (Households) Net change in assets Nonfinancial corporate business Nonfarm noncorporate business Federal government Commercial banking Savings institutions Credit unions Government-sponsored enterprises ABS issuers Finance companies FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 79 Global Insight (USA), Inc.

87 Flows Concept Series F.223 Trade Credit Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in trade payables Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Brokers and dealers Net change in trade receivables Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Other insurance companies ABS issuers Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 80 Global Insight (USA), Inc.

88 Flows Concept Series F.224 Security Credit Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities Household sector Rest of the world Brokers and dealers Customer credit balances (HH) From U.S.-chartered commercial banks From foreign banking offices in U.S. Net change in assets Household sector Rest of the world Commercial banking Brokers and dealers FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 81 Global Insight (USA), Inc.

89 Flows Concept Series F.225 Life Insurance and Pension Fund Reserves Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Life insurance reserves Net change in liabilities Federal government Life insurance companies Net change in assets (Households) Pension fund reserves Net change in liabilities Life insurance companies Private pension funds 1 State and local government retirement funds Federal government retirement funds 2 Net change in assets (Households) 3 FA FA FA FA FA FA FA FA FA FA Includes unallocated insurance company contracts beginning 1985:4. 2 Includes the Federal Employees Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities by federal government retirement funds. 3 Excludes all individual retirement accounts (IRAs) (table F.225.i), except those at life insurance companies. Flow of Funds Data Dictionary 82 Global Insight (USA), Inc.

90 Flows Concept Series F.226 Taxes Payable by Businesses Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in taxes payable by all businesses Nonfinancial corporate business Nonfarm noncorporate business U.S.-chartered commercial banks Savings institutions Life insurance companies Other insurance companies Finance companies Brokers and dealers Net change in business taxes receivable State and local governments Federal government Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 83 Global Insight (USA), Inc.

91 Flows Concept Series F.227 Investment in Bank Personal Trusts and Estates Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Liab.: Bank personal trusts and estates Asset: Household sector FA FA Flow of Funds Data Dictionary 84 Global Insight (USA), Inc.

92 Flows Concept Series F.228 Proprietors Equity in Noncorporate Business Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Total household investment Nonfarm noncorporate business Farm business Brokers and dealers FA FA FA FA Flow of Funds Data Dictionary 85 Global Insight (USA), Inc.

93 Flows Concept Series F.229 Total Miscellaneous Financial Claims Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Monetary authority Commercial banking Savings institutions Credit unions Life insurance companies Other insurance companies Government-sponsored enterprises Finance companies Mortgage companies REITs Brokers and dealers Funding corporations Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Monetary authority Commercial banking Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Money market mutual funds FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 86 Global Insight (USA), Inc.

94 Flows Concept Series F.229 Total Miscellaneous Financial Claims (Continued) Mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Discrepancy FA FA FA FA FA FA FA Flow of Funds Data Dictionary 87 Global Insight (USA), Inc.

95 Flows Concept Series F.230 Identified Miscellaneous Financial Claims Part I Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU U.S. direct investment abroad 1 : Liab.: Rest of the world Equity Reinvested earnings Intercompany accounts Asset: Nonfinancial corporate business Commercial banking Life insurance companies Other insurance companies Finance companies Brokers and dealers Foreign direct investment in U.S. 1 : Liab.: Nonfinancial corporate business Nonfarm noncorporate business Commercial banking Life insurance companies Other insurance companies Finance companies Brokers and dealers Funding corporations Asset: Rest of the world Equity Reinvested earnings Intercompany accounts Federal government equity in IBRD, etc: Liab.: Rest of the world Asset: Federal government Federal Reserve Bank stock: Liab.: Monetary authority Asset: Commercial banking FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment equity, reinvested earnings, intercompany accounts are not available before Flow of Funds Data Dictionary 88 Global Insight (USA), Inc.

96 Flows Concept Series F.230 Identified Miscellaneous Financial Claims Part I (Continued) Equity in government-sponsored enterprises: Liab.: Government-sponsored enterprises Asset: Nonfinancial corporate business (FNMA) Nonfarm noncorporate (BC) Farm business (FICB and FLB) Federal government Commercial banks (FHLB) Savings institutions (FHLB) Credit unions (FHLB) Life insurance companies (FHLB) BHC investment in subsidiaries: Liab.: Commercial banking Savings institutions Finance companies Mortgage companies Brokers and dealers Asset: Bank holding companies NFC investment in finance company subsidiaries: Liab.: Finance companies Asset: Nonfinancial corporate business Funding corporate investment in subsidiaries: Liab.: Foreign banking offices in U.S. Brokers and dealers Asset: Funding corporations FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 89 Global Insight (USA), Inc.

97 Flows Concept Series F.231 Identified Miscellaneous Financial Claims Part II Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Nonofficial foreign currencies: Liab.: Rest of the world Asset: Federal government Postal Savings System deposits: Liab.: Federal government Asset: Household sector Deposits at Federal Home Loan Banks: Liab.: Government-sponsored enterprises Asset: Savings institutions Deferred and unpaid life insurance premiums: Liab.: Household sector Asset: Life insurance companies Life insurance company reserves: Liab.: Life insurance companies Health Policy dividend accumulation Asset: Household sector Policy payables: Liab.: Other insurance companies Asset: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business Unallocated insurance company contracts: Liab.: Life insurance companies Asset: Private pension funds Pension fund contribution payable: Liab.: Nonfinancial corporate business Asset: Private pension funds Securities borrowed (net): Liab.: Funding corporations Asset: Brokers and dealers FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 90 Global Insight (USA), Inc.

98 Flows Concept Series F.231 Identified Miscellaneous Financial Claims Part II (Continued) Nonmarketable government securities:: Liab.: Federal government Asset: Federal government retirement funds FA FA Flow of Funds Data Dictionary 91 Global Insight (USA), Inc.

99 Flows Concept Series F.232 Unidentified Miscellaneous Financial Claims Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU Net change in liabilities Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Net change in assets Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 92 Global Insight (USA), Inc.

100 Flows Concept Series F.232 Unidentified Miscellaneous Financial Claims (Continued) Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Private pension funds State and local government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Discrepancy FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 93 Global Insight (USA), Inc.

101 Flows Concept Series F.11 Sector Discrepancies Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU All sectors Household sector Nonfinancial corporate business State and local governments Federal government Rest of the world Financial sectors Monetary authority Commercial banking Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Mutual funds Government-sponsored enterprises Issuers of asset-backed securities Finance companies REITs Brokers and dealers FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 94 Global Insight (USA), Inc.

102 Flows Concept Series F.12 Instrument Discrepancies Adjustment: Seasonally adjusted at annual rates Note: For unadjusted counterparts replace prefix FA with FU All types Treasury currency Foreign deposits Net interbank transactions Security RPs Mail floats Federal government Other Trade credit Taxes payable Miscellaneous Nonfinancial Nonfinancial components (sign reversed) Statistical discrepancy (NIPA) Private wage accruals less disbursements FA FA FA FA FA FA FA FA FA FA FA FA FA Flow of Funds Data Dictionary 95 Global Insight (USA), Inc.

103 Levels Concept Series LEVELS CONCEPT SERIES Flow of Funds Data Dictionary 96 Global Insight (USA), Inc.

104 Levels Concept Series L.1 Credit Market Debt Outstanding 1 Adjustment: Not seasonally adjusted Total credit market debt owed by: Domestic nonfinancial sectors Federal government Nonfederal sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Rest of the world Financial sectors Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs Brokers and dealers Funding corporations Total credit market assets held by: Domestic nonfederal nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Excludes corporate equities and mutual fund shares. Flow of Funds Data Dictionary 97 Global Insight (USA), Inc.

105 Levels Concept Series L.1 Credit Market Debt Outstanding 1 (Continued) Federal government Rest of the world Financial sectors Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs Brokers and dealers Funding corporations FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 98 Global Insight (USA), Inc.

106 Levels Concept Series L.2 Credit Market Debt Owed by Nonfinancial Sectors Adjustment: Not seasonally adjusted Domestic Federal government Treasury securities Budget agency securities and mortgages Nonfederal, by instrument Commercial paper Municipal securities and loans Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Home Multifamily residential Commercial Farm Consumer credit Nonfederal, by sector Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Foreign credit market debt held in U.S. Commercial paper Bonds Bank loans n.e.c. Other loans and advances Domestic and foreign FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 99 Global Insight (USA), Inc.

107 Levels Concept Series L.3 Credit Market Debt Owed by Financial Sectors Adjustment: Not seasonally adjusted By instrument Federal government-related Government-sponsored enterprise securities Mortgage pool securities U.S. government loans Private financial sectors Open market paper Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages By sector Commercial banks Bank holding companies Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Federally related mortgage pools ABS issuers Brokers and dealers Finance companies Mortgage companies REITs Funding corporations FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 100 Global Insight (USA), Inc.

108 Levels Concept Series L.4 Credit Market Debt, All Sectors, by Instrument Adjustment: Not seasonally adjusted Total Open market paper U.S. government securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Other loans and advances Mortgages Consumer credit Memo: Selected claims not included above Corporate equities Mutual fund shares FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 101 Global Insight (USA), Inc.

109 Levels Concept Series L.5 Total Liabilities and Its Relation to Total Financial Assets Adjustment: Not seasonally adjusted Total credit market debt (from table L.4) Official foreign exchange SDR certificates Treasury currency Foreign deposits Net interbank liabilities Checkable deposits and currency Small time and savings deposits Large time deposits Money market fund shares Security RPs Mutual fund shares Security credit Life insurance reserves Pension fund reserves Trade payables Taxes payable Investment in bank personal trusts Miscellaneous Total liabilities + Financial assets not included in liabilities Gold and SDRs Corporate equities Household equity in noncorporate business - Liabilities not identified as assets Treasury currency Foreign deposits Net interbank transactions Security RPs Taxes payable Miscellaneous - Floats not included in assets Checkable deposits: Federal government Other Trade credit Totals identified to sectors as assets FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 102 Global Insight (USA), Inc.

110 Levels Concept Series L.10 Assets and Liabilities of the Personal Sector 1 Adjustment: Not seasonally adjusted Total financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Securities Open market paper U.S. savings bonds Other Treasury securities Agency securities Municipal securities Corporate and foreign bonds Corporate equities 2 Mutual fund shares Private life insurance reserves Private insured pension reserves Private noninsured pension reserves Government insurance and pension reserves Investment in bank personal trusts Miscellaneous and other assets Total liabilities Mortgage debt on nonfarm homes Other mortgage debt 3 Consumer credit Policy loans Security credit Other liabilities 3 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Combined statement for household sector, nonfarm noncorporate business, and farm business. 2 Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds, life insurance and pension reserves, and bank personal trusts. 3 Includes corporate farms. Flow of Funds Data Dictionary 103 Global Insight (USA), Inc.

111 Levels Concept Series L.100 Households and Nonprofit Organizations 1 Adjustment: Not seasonally adjusted Total financial assets Deposits Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Credit market instruments Open market paper U.S. government securities Treasury Savings bonds Other Treasury Agency Municipal securities Corporate and foreign bonds Mortgages Corporate equities 2 Mutual fund shares Security credit Life insurance reserves Pension fund reserves Investment in bank personal trusts Equity in noncorporate business Miscellaneous assets Total liabilities Credit market instruments Home mortgages 3 Consumer credit Municipal securities Bank loans n.e.c. Other loans and advances Commercial mortgages Security credit Trade payables Deferred and unpaid life insurance premiums FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Sector includes farm households. Supplementary tables (tables F.100 and L.100) show estimates of annual flows and year-end outstandings of nonprofit organizations. 2 Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds, life insurance and pension reserves, and bank personal trusts. 3 Includes loans made under home equity lines of credit and home equity loans secured by junior liens. Flow of Funds Data Dictionary 104 Global Insight (USA), Inc.

112 Levels Concept Series L.101 Nonfinancial Business 1 Adjustment: Not seasonally adjusted Total financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Commercial paper U.S. government securities Municipal securities Mortgages Consumer credit Mutual fund shares Trade receivables Miscellaneous assets Total liabilities Credit market instruments Commercial paper Municipal securities Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business. Flow of Funds Data Dictionary 105 Global Insight (USA), Inc.

113 Levels Concept Series L.102 Nonfarm Nonfinancial Corporate Business Adjustment: Not seasonally adjusted Total financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Commercial paper U.S. government securities Municipal securities Mortgages Consumer credit Trade receivables Mutual fund shares Miscellaneous assets U.S. direct investment abroad 1 Insurance receivables Equity in GSEs Investment in finance company subsidiaries Other Total liabilities Credit market instruments Commercial paper Municipal securities 2 Corporate bonds 1 Bank loans n.e.c. Other loans and advances Savings institutions Finance companies Federal government Acceptance liabilities to banks Rest of the world ABS issuers Mortgages FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Through 1992:4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues. 2 Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds. Flow of Funds Data Dictionary 106 Global Insight (USA), Inc.

114 Levels Concept Series L.102 Nonfarm Nonfinancial Corporate Business (Continued) Trade payables Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Pension fund contributions payable Other Memo: Trade receivables net of payables Market value of equities Securities and mortgages Loans and short-term paper Total short-term liabilities 3 Total liquid assets 4 Analytical measures (percent) Long-term debt/credit market debt Short-term debt/credit market debt Liquid assets/short-term liabilities FL FL FL FL FL FL FL FL FL FL FL FL */FL */FL */FL Loans (except mortgages), short-term paper, taxes payable, and trade payables. Includes loans due in more than one year and excludes current maturities of bonds and mortgages. 4 Sum of series from FL through FL , plus FL Flow of Funds Data Dictionary 107 Global Insight (USA), Inc.

115 Levels Concept Series L.103 Nonfarm Noncorporate Business Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Treasury securities Municipal securities Mortgages Consumer credit Trade receivables Miscellaneous assets Insurance receivables Equity investment in GSEs 1 Other Total liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Equity in the Farm Credit System. Flow of Funds Data Dictionary 108 Global Insight (USA), Inc.

116 Levels Concept Series L.104 Farm Business 1 Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Miscellaneous assets Insurance receivables Equity investment in GSEs 2 Total liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables FL FL FL FL FL FL FL FL FL FL FL Corporate and noncorporate farms. 2 Equity in the Farm Credit System. Flow of Funds Data Dictionary 109 Global Insight (USA), Inc.

117 Levels Concept Series L.105 State and Local Governments 1 Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Time and savings deposits Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Taxes receivable Miscellaneous assets Total liabilities Credit market instruments Municipal securities Short-term Other U.S. government loans Trade payables FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Data for employee retirement funds are shown in table L.120. Flow of Funds Data Dictionary 110 Global Insight (USA), Inc.

118 Levels Concept Series L.106 Federal Government Adjustment: Not seasonally adjusted Total financial assets Gold, SDRs, and official foreign exchange Checkable deposits and currency Time and savings deposits Credit market instruments Agency securities Other loans and advances Mortgages Consumer credit 1 Trade receivables Taxes receivable Miscellaneous assets Total liabilities SDR certificates Treasury currency Credit market instruments Savings bonds Other Treasury securities Budget agency securities Multifamily residential mortgages Trade payables Insurance reserves Miscellaneous liabilities 2 Nonmarketable securities held by pension plans Other FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Student loans. 2 Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement. Flow of Funds Data Dictionary 111 Global Insight (USA), Inc.

119 Levels Concept Series L.107 Rest of the World Adjustment: Not seasonally adjusted Total financial assets Net interbank assets U.S. checkable deposits and currency U.S. time deposits Security RPs Credit market instruments Open market paper U.S. government securities Official holdings Treasury Agency Private holdings Treasury Agency U.S. corporate bonds 1 Loans to U.S. corporate business U.S. corporate equities Trade receivables Security credit Miscellaneous assets Foreign direct investment in U.S. 2 Other Total liabilities U.S. official foreign exchange and net IMF position U.S. private deposits Credit market instruments Commercial paper Bonds Bank loans n.e.c. Official Banks Other U.S. government loans Acceptance liabilities to banks Trade payables FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Through 1992:4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues. 2 Direct investment is valued on a current-cost basis. Flow of Funds Data Dictionary 112 Global Insight (USA), Inc.

120 Levels Concept Series L.107 Rest of the World (Continued) Security debt Miscellaneous liabilities U.S. equity in IBRD, etc. U.S. government deposits U.S. direct investment abroad 1,2 Other Memo: Market value of foreign equities held by U.S. residents 3 FL FL FL FL FL FL FL Includes American Depositary Receipts (ADRs). Flow of Funds Data Dictionary 113 Global Insight (USA), Inc.

121 Levels Concept Series L.108 Monetary Authority 1 Adjustment: Not seasonally adjusted Total financial assets Gold and foreign exchange SDR certificates Treasury currency Federal Reserve float Federal Reserve loans to domestic banks Security RPs Credit market instruments Acceptances U.S. government securities Treasury Agency Bank loans n.e.c. Miscellaneous assets Total liabilities Depository institution reserves Vault cash of commercial banks Checkable deposits and currency Due to federal government Due to rest of the world Currency outside banks Miscellaneous liabilities Federal Reserve Bank stock Other FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board. Flow of Funds Data Dictionary 114 Global Insight (USA), Inc.

122 Levels Concept Series L.109 Commercial Banking 1 Adjustment: Not seasonally adjusted Total financial assets Vault cash Reserves at Federal Reserve Checkable deposits and currency Total bank credit U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Total loans Open market paper Bank loans n.e.c. Mortgages Consumer credit Security credit Corporate equities Mutual fund shares Customers' liability on acceptances 2 Miscellaneous assets Total liabilities Net interbank liabilities To monetary authority To domestic banks 3 To foreign banks Checkable deposits Federal government Rest of the world Private domestic Small time and savings deposits Large time deposits FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.- affiliated areas. IBFs are excluded from domestic banking and treated the same as branches in foreign countries. 2 Included in other loans and advances (table L.216). 3 Floats and discrepancies in interbank transactions. Flow of Funds Data Dictionary 115 Global Insight (USA), Inc.

123 Levels Concept Series L.109 Commercial Banking 1 (Continued) Federal funds and security RPs (net) Credit market instruments Open market paper Corporate bonds Other loans and advances Taxes payable Miscellaneous liabilities Memo: Credit market funds advanced 4 FL FL FL FL FL FL FL FL Total bank credit less security credit less corporate equities less mutual fund shares plus customers liability on acceptances. Flow of Funds Data Dictionary 116 Global Insight (USA), Inc.

124 Levels Concept Series L.110 U.S.-Chartered Commercial Banks Adjustment: Not seasonally adjusted Total financial assets Vault cash and reserves at Federal Reserve Total bank credit U.S. government securities Treasury Agency Mortgage pool securities Agency-issued CMOs Other agency securities Municipal securities Corporate and foreign bonds Private mortgage pool securities Privately issued CMOs Other bonds Total loans Open market paper Bank loans n.e.c. Mortgages Consumer credit Security credit Corporate equities Mutual fund shares Customers' liability on acceptances 1 Miscellaneous assets Total liabilities Net interbank liabilities Federal Reserve float Borrowing from Federal Reserve banks To domestic banks To foreign banks Checkable deposits Federal government Rest of the world Private domestic FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Included in other loans and advances (table L.216). Flow of Funds Data Dictionary 117 Global Insight (USA), Inc.

125 Levels Concept Series L.110 U.S.-Chartered Commercial Banks (Continued) Small time and savings deposits Large time deposits Federal funds and security RPs (net) Acceptance liabilities Corporate bonds Other loans and advances Taxes payable Miscellaneous liabilities Investment by bank holding companies Other Memo: Credit market funds advanced 2 FL FL FL FL FL FL FL FL FL FL FL Total bank credit less security credit less corporate equities less mutual fund shares plus customers liability on acceptances. Flow of Funds Data Dictionary 118 Global Insight (USA), Inc.

126 Levels Concept Series L.111 Foreign Banking Offices in U.S. 1 Adjustment: Not seasonally adjusted Total financial assets Reserves at Federal Reserve Total bank credit U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Total loans Open market paper Bank loans n.e.c. Mortgages Security credit Corporate equities Customers liability on acceptances 2 Miscellaneous assets Total liabilities Net interbank liabilities To foreign banks To domestic banks Checkable deposits Small time and savings deposits Large time deposits Federal funds and security RPs (net) Acceptance liabilities Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other Memo: Credit market funds advanced 3 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:2), and American Express Bank. 2 Included in other loans and advances (table L.216). 3 Total bank credit less security credit less corporate equities plus customers liability on acceptances. Flow of Funds Data Dictionary 119 Global Insight (USA), Inc.

127 Levels Concept Series L.112 Bank Holding Companies Adjustment: Not seasonally adjusted Total financial assets Credit market instruments U.S. government securities Treasury issues Agency Corporate and foreign bonds Bank loans n.e.c. Miscellaneous assets Investment in bank subsidiaries Investment in nonblank subsidiaries Other Total liabilities Net interbank liabilities To domestic banks To foreign banks Federal funds and security RPs (net) Credit market instruments Commercial paper Corporate bonds Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 120 Global Insight (USA), Inc.

128 Levels Concept Series L.113 Banks in U.S.-Affiliated Areas 1 Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Credit market instruments U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Bank loans n.e.c. Home mortgages Commercial mortgages Miscellaneous assets Total liabilities Checkable deposits Small time and savings deposits Large time deposits Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas. Flow of Funds Data Dictionary 121 Global Insight (USA), Inc.

129 Levels Concept Series L.114 Savings Institutions 1 Adjustment: Not seasonally adjusted Total financial assets Reserves at Federal Reserve Checkable deposits and currency Time and savings deposits Federal funds and security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Other loans and advances Mortgages Consumer credit Corporate equities Miscellaneous assets Total liabilities Deposits Checkable Small time and savings Large time Security RPs Credit market instruments Corporate bonds Bank loans n.e.c. Other loans and advances Taxes payable Miscellaneous liabilities Investment by parent Other FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Savings and loan associations, mutual savings banks, and federal savings banks. Flow of Funds Data Dictionary 122 Global Insight (USA), Inc.

130 Levels Concept Series L.115 Credit Unions Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Time and savings deposits Federal funds and security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Home mortgages Consumer credit Mutual fund shares Miscellaneous assets Total liabilities Shares/deposits Checkable Small time and savings Large time Other loans and advances Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 123 Global Insight (USA), Inc.

131 Levels Concept Series L.116 Bank Personal Trusts and Estates 1 Adjustment: Not seasonally adjusted Total financial assets Deposits Checkable deposits and currency Time and savings deposits Money market fund shares Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Total liabilities 2 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Personal trusts, estates, and non-managed personal agency accounts at banks, savings institutions, and national nondeposit noninsured trust companies. 2 Equal to value of tangible and financial assets. These liabilities are assets of the household sector. Flow of Funds Data Dictionary 124 Global Insight (USA), Inc.

132 Levels Concept Series L.117 Life Insurance Companies Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Money market fund shares Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Policy loans Mortgages Corporate equities Mutual fund shares Miscellaneous assets Total liabilities Other loans and advances Life insurance reserves Pension fund reserves 1 Taxes payable Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities. Flow of Funds Data Dictionary 125 Global Insight (USA), Inc.

133 Levels Concept Series L.118 Other Insurance Companies Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Security RPs Credit market instruments U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Commercial mortgages Corporate equities Trade receivables Miscellaneous assets Total liabilities Taxes payable Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 126 Global Insight (USA), Inc.

134 Levels Concept Series L.119 Private Pension Funds 1 Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts 2 Contributions receivable Other Pension fund reserves (liabilities) 3 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Private defined benefit plans and defined contribution plans (including 401(k) type plans). 2 Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:4Q. 3 Equal to the value of tangible and financial assets. These liabilities are assets of the household sector. Flow of Funds Data Dictionary 127 Global Insight (USA), Inc.

135 Levels Concept Series L.120 State and Local Government Employee Retirement Funds Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Time and savings deposits Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Mortgages Corporate equities Miscellaneous assets Pension fund reserves (liabilities) 1 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Equals to the value of tangible and financial assets. These liabilities are assets of the household sector. Flow of Funds Data Dictionary 128 Global Insight (USA), Inc.

136 Levels Concept Series L.121 Federal Government Retirement Funds 1 Adjustment: Not seasonally adjusted Total financial assets Credit market instruments U.S. government securities Treasury Agency Corporate and Foreign Bonds Corporate equities Miscellaneous assets Pension fund reserves (liabilities) 2 FL FL FL FL FL FL FL FL FL Includes the Federal Employees Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds. 2 Liabilities of the sector are assets of the household sector. Flow of Funds Data Dictionary 129 Global Insight (USA), Inc.

137 Levels Concept Series L.122 Money Market Mutual Funds 1 Start Date: Majority begins in 1974 Adjustment: Not seasonally adjusted Total financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Miscellaneous assets Total shares outstanding (liabilities) FL FL FL FL FL FL FL FL FL FL FL FL FL FL Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117). Flow of Funds Data Dictionary 130 Global Insight (USA), Inc.

138 Levels Concept Series L.123 Mutual Funds 1 Adjustment: Not seasonally adjusted Total financial assets Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Corporate equities Miscellaneous assets Total shares outstanding (liabilities) FL FL FL FL FL FL FL FL FL FL FL FL Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117). Flow of Funds Data Dictionary 131 Global Insight (USA), Inc.

139 Levels Concept Series L.124 Closed-End and Exchange-Traded Funds Adjustment: Not seasonally adjusted Closed-end funds Total financial assets Credit market instruments U.S. government securities Municipal securities Corporate and foreign bonds Corporate equities Total shares outstanding (liabilities) Exchange-traded funds Total financial assets Credit market instruments U.S. government securities Corporate and foreign bonds Corporate equities Total shares outstanding (liabilities) FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 132 Global Insight (USA), Inc.

140 Levels Concept Series L.125 Government-Sponsored Enterprises (GSEs) 1 Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Federal funds and security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Other loans and advances Sallie Mae Farm Credit System FHLB Mortgages Home Multifamily residential Farm Consumer credit 2 Miscellaneous assets Total liabilities Credit market instruments GSE issues 3 U.S. government loans Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Federal Home Loan Banks, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Farm Credit System, the Financing Corporation, the Resolution Funding Corporation, and the Student Loan Marketing Association (Sallie Mae), which is a subsidiary of SLM Corporation, a private company chartered in SLMA student loans. 3 Such issues are classified as U.S. government securities. Flow of Funds Data Dictionary 133 Global Insight (USA), Inc.

141 Levels Concept Series L.126 Federally Related Mortgage Pools 1 Adjustment: Not seasonally adjusted Total financial assets Home mortgages Multifamily residential mortgages Commercial mortgages Farm mortgages Total pool securities (liabilities) 2 FL FL FL FL FL FL GNMA, FNMA, FHLMC, and Farmers Home Administration pools. Also includes federally related pools which are used as collateral for federally related agency-issued CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances. 2 Such issues are classified as U.S. government securities. Flow of Funds Data Dictionary 134 Global Insight (USA), Inc.

142 Levels Concept Series L.127 Issuers of Asset-Backed Securities (ABSs) Adjustment: Not seasonally adjusted Total financial assets Agency securities 1 Other loans and advances Mortgages 2 Home Multifamily residential Commercial Consumer credit Trade receivables Total liabilities Commercial paper Corporate bonds Memo: Securitized assets not included above Consumer leases 3 REIT assets 4 FL FL FL FL FL FL FL FL FL FL FL FL FL FL Federally related mortgage pool securities backing privately issued CMOs. 2 Mortgages backing privately issued pool securities and privately issued CMOs. 3 Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset. 4 Included in table L.130. Flow of Funds Data Dictionary 135 Global Insight (USA), Inc.

143 Levels Concept Series L.128 Finance Companies 1 Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Credit market instruments Other loans and advances Mortgages Consumer credit Miscellaneous assets Total liabilities Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Investment by parent Other Memo: Consumer leases not included above 2 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Includes retail captive finance companies. 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 tangible asset. Flow of Funds Data Dictionary 136 Global Insight (USA), Inc.

144 Levels Concept Series L.129 Mortgage Companies 1 Adjustment: Not seasonally adjusted Total financial assets Home mortgages Multifamily residential mortgages Commercial mortgages Total liabilities Bank loans n.e.c. Investment by parent FL FL FL FL FL FL FL No data are available after 1997:4Q. Flow of Funds Data Dictionary 137 Global Insight (USA), Inc.

145 Levels Concept Series L.130 Real Estate Investment Trusts (REITs) Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Credit market instruments Agency securities Corporate and foreign bonds Mortgages Home Multifamily residential Commercial Miscellaneous assets Total liabilities Security RPs Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Mortgages Miscellaneous liabilities Memo: Securitized assets included above Agency securities Home mortgages Multifamily residential mortgages Commercial mortgages FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 138 Global Insight (USA), Inc.

146 Levels Concept Series L.131 Security Brokers and Dealers Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Credit market instruments Open market paper U.S. government securities Treasury Agency Municipal securities Corporate and foreign bonds Corporate equities Security credit Miscellaneous assets Total liabilities Security RPs (net) Corporate bonds Trade payables Security credit Customer credit balances (HH) From banks Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 139 Global Insight (USA), Inc.

147 Levels Concept Series L.132 Funding Corporations 1 Adjustment: Not seasonally adjusted Total financial assets Money market fund shares Credit market instruments Open market paper Corporate and foreign bonds Miscellaneous assets 2 Investment in foreign banking offices Investment in brokers and dealers Total liabilities Credit market instruments Open market paper Corporate bonds Miscellaneous liabilities Foreign direct investment in U.S. Securities loaned (net) Other FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Funding subsidiaries, nonblank financial companies, and custodial accounts for reinvested collateral of securities lending operations. 2 Due from affiliated companies. Flow of Funds Data Dictionary 140 Global Insight (USA), Inc.

148 Levels Concept Series L.200 Gold and Official Foreign Exchange Holdings 1 Adjustment: Not seasonally adjusted Total U.S. reserves U.S. gold stock and SDRs Federal government: Exchange Stability Fund Monetary authority 2 U.S. foreign exchange position Official foreign currency holdings Treasury Monetary authority Net IMF position Federal government Monetary authority FL FL FL FL FL FL FL FL FL FL FL FL , FL , FL include increases in SDRs through allocations which occurred at various dates beginning January Also included in the table are revaluations of foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows. 2 Treasury gold stock. Flow of Funds Data Dictionary 141 Global Insight (USA), Inc.

149 Levels Concept Series L.201 SDR Certificates and Treasury Currency Adjustment: Not seasonally adjusted SDR certificates Liab: Federal government Asset: Monetary authority Treasury currency Liab: Federal government Asset: Monetary authority Discrepancy FL FL FL FL FL Flow of Funds Data Dictionary 142 Global Insight (USA), Inc.

150 Levels Concept Series L.202 U.S. Deposits in Foreign Countries Adjustment: Not seasonally adjusted Total rest of the world liability Held by: Household sector Nonfinancial corporate business Money market mutual funds Discrepancy - unallocated assets FL FL FL FL FL Flow of Funds Data Dictionary 143 Global Insight (USA), Inc.

151 Levels Concept Series L.203 Net Interbank Transactions Adjustment: Not seasonally adjusted Total liabilities FL Monetary authority FL Depository institution reserves FL Vault cash FL Commercial banking FL To monetary authority FL To banks in foreign countries, net FL Liabilities, net FL U.S.-chartered commercial banks FL Due to foreign affiliates FL Due from foreign affiliates FL Foreign banking offices in U.S. FL Due to foreign affiliates FL Due from foreign affiliates FL Bank holding companies FL Due to foreign affiliates FL Due from foreign affiliates FL Less: Deposits at foreign banks FL U.S. chartered commercial banks FL Foreign banking offices in U.S. FL To U.S. banking, net FL U.S.-chartered commercial banks FL Liabilities FL To foreign offices in U.S. FL To bank holding companies FL Unallocated FL Less, due from: Foreign offices in U.S. FL Bank holding companies FL Foreign banking offices in U.S. FL Due to U.S. banks FL Due from U.S. banks FL Bank holding companies FL Due to U.S. banks FL Due from U.S. banks FL Flow of Funds Data Dictionary 144 Global Insight (USA), Inc.

152 Levels Concept Series L.203 Net Interbank Transactions (Continued) Total assets Rest of the world Domestic Monetary authority Federal Reserve float Loans to member banks Commercial banking Reserves at Federal Reserve Vault cash Savings institutions: Reserves at Federal Reserve Discrepancy - floats etc. FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 145 Global Insight (USA), Inc.

153 Levels Concept Series L.204 Checkable Deposits and Currency Adjustment: Not seasonally adjusted Total liabilities Monetary authority Federal government cash and deposits Deposits due to foreign Currency outside banks Commercial banking Federal government deposits Deposits due to foreign Private domestic deposits Savings institutions Credit unions Total assets Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Federal government Rest of the world Checkable deposits Currency Financial sectors Commercial banking Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Money market mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Mail float FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 146 Global Insight (USA), Inc.

154 Levels Concept Series L.205 Time and Savings Deposits Adjustment: Not seasonally adjusted Total liabilities Small time and savings deposits Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas Savings institutions Credit unions Large time deposits 1 Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas Savings institutions Credit unions Total assets Household sector Nonfinancial business Corporate Nonfarm noncorporate State and local governments Federal government Rest of the world Financial sectors Savings institutions Credit unions Bank personal trusts and estates Private pension funds State and local government retirement funds Money market mutual funds FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Large time deposits are those issued in amounts of $100,000 or more. Flow of Funds Data Dictionary 147 Global Insight (USA), Inc.

155 Levels Concept Series L.206 Money Market Mutual Fund Shares Adjustment: Not seasonally adjusted Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business Bank personal trusts and estates Life insurance companies Private pension funds Funding corporations FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 148 Global Insight (USA), Inc.

156 Levels Concept Series L.207 Federal Funds and Security Repurchase Agreements Adjustment: Not seasonally adjusted Total liabilities Commercial banking (net) U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions REITs Brokers and dealers (net) Total assets Nonfinancial corporate business State and local governments Rest of the world Financial sectors Monetary authority Savings institutions Credit unions Other insurance companies Private pension funds State and local government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Discrepancy -- unallocated assets FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 149 Global Insight (USA), Inc.

157 Levels Concept Series L.208 Open Market Paper Adjustment: Not seasonally adjusted Total outstanding, all types Commercial paper Nonfinancial corporate business Foreign issues in U.S. Nonfinancial Financial Financial business Commercial banking ABS issuers Finance companies REITs Funding corporations Bankers acceptances 1 Holdings, by sector Household sector Nonfinancial corporate business State and local governments Rest of the world Monetary authority Commercial banking 1 Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Private pension funds State and local government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Brokers and dealers Funding corporations FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Excludes banks holdings of own acceptances. Flow of Funds Data Dictionary 150 Global Insight (USA), Inc.

158 Levels Concept Series L.209 Treasury Securities Adjustment: Not seasonally adjusted Total liabilities Savings bonds Other Treasury issues Total assets Household sector Savings bonds Other Treasury issues Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises Brokers and dealers Memo: Federal government debt 1 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Total Treasury securities (FA ) plus budget agency securities (table L.210, FA ) and federal mortgage debt (table L.217, FL ). Flow of Funds Data Dictionary 151 Global Insight (USA), Inc.

159 Levels Concept Series L.210 Agency Securities 1 Adjustment: Not seasonally adjusted Total liabilities Budget agencies Government-sponsored enterprises Federally related mortgage pools Total assets Household sector Nonfinancial corporate business State and local governments Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises ABS issuers REITs Brokers and dealers FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Agency securities include: issues of federal budget agencies (FL ) such as those for the TVA; issues of government sponsored enterprises (FL ) such as FNMA and FHLB; and federally related mortgagebacked securities issued by GNMA, FNMA, FHLMC, and the Farmers Home Administration (FL ). Only the budget agency issues are considered officially to be part of the total debt of the federal government, which is shown in table L.209, FL Flow of Funds Data Dictionary 152 Global Insight (USA), Inc.

160 Levels Concept Series L.211 Municipal Securities and Loans Adjustment: Not seasonally adjusted Total liabilities State and local governments Short-term 1 Long-term Nonprofit organizations 2 Nonfinancial corporate business (industrial revenue bonds) Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Commercial banking Savings institutions Bank personal trusts and estates Life insurance companies Other insurance companies State and local government retirement funds Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises Brokers and dealers FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Debt with original maturity of 13 months or less. 2 Liability of the households and nonprofit organizations sector (tables F.100 and L.100). Flow of Funds Data Dictionary 153 Global Insight (USA), Inc.

161 Levels Concept Series L.212 Corporate and Foreign Bonds Adjustment: Not seasonally adjusted Total liabilities Nonfinancial corporate business Rest of the world 1 Financial sectors Commercial banking Savings institutions ABS issuers Finance companies REITs Brokers and dealers Funding corporations Total assets Household sector State and local governments Rest of the world 2 Commercial banking Savings institutions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises REITs Brokers and dealers Funding corporations FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Holdings of foreign issues by U.S. residents. 2 Holdings of U.S. issues by foreign residents. Flow of Funds Data Dictionary 154 Global Insight (USA), Inc.

162 Levels Concept Series L.213 Corporate Equities 1 Adjustment: Not seasonally adjusted Issues at market value Nonfinancial corporate business Rest of the world 2 Financial corporations Holdings at market value Household sector State and local governments Rest of the world 3 Commercial banking Savings institutions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federal government retirement funds Mutual funds Closed-end funds Exchange-traded funds Brokers and dealers Memo: Market value of domestic corporations 4 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Excludes mutual fund shares shown on table L Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs). 3 Holdings of U.S. issues by foreign residents. 4 Sum of FL and FL less the sum of FL FL FL FL FL FL ; FL excludes intercorporate holdings of nonfinancial corporations. Flow of Funds Data Dictionary 155 Global Insight (USA), Inc.

163 Levels Concept Series L.214 Mutual Fund Shares Adjustment: Not seasonally adjusted Shares at market value Holdings at market value Household sector Nonfinancial corporate business State and local governments Commercial banking Credit unions Bank personal trusts and estates Life insurance companies Private pension funds FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 156 Global Insight (USA), Inc.

164 Levels Concept Series L.215 Bank Loans Not Elsewhere Classified Adjustment: Not seasonally adjusted Total loans by commercial banking, flow of funds basis FL Loans elsewhere classified Open market paper FL Mortgages FL Consumer credit FL Security credit FL = Banking sector total bank loans n.e.c. FL U.S.-chartered commercial banks FL Foreign banking offices in U.S. FL Bank holding companies FL Banks in U.S.-affiliated areas FL Loans from Federal Reserve banks FL = Total bank loans n.e.c. FL Total liabilities FL Nonfinancial sectors FL Households FL Corporate business FL Nonfarm noncorporate business FL Farm business FL Rest of the world FL Foreign official institutions FL Foreign banks FL Other foreign FL Financial sectors FL Savings institutions FL Finance companies FL Mortgage companies FL REITs FL Flow of Funds Data Dictionary 157 Global Insight (USA), Inc.

165 Levels Concept Series L.216 Other Loans and Advances Adjustment: Not seasonally adjusted Total other loans and advances U.S. government loans Liab.: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Rest of the world Government-sponsored enterprises Foreign loans to U.S. corporate business Liab.: Nonfinancial corporate business Customers liability on acceptances outstanding (bank asset) Liab.: Nonfinancial corporate business Rest of the world Savings institution loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business Policy loans (Household liability) Asset: Federal government Life insurance companies Government-sponsored enterprise loans Liab.: Household sector (SLMA) Noncorporate business (FCS) Farm business (FCS) Commercial banks (FHLB and SLMA) Savings institutions (FHLB and SLMA) Credit unions (FHLB) Life insurance companies (FHLB) Securitized loans held by ABS issuers Nonfinancial corporate business Finance company loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 158 Global Insight (USA), Inc.

166 Levels Concept Series L.217 Total Mortgages Adjustment: Not seasonally adjusted Total mortgages Home Multifamily residential Commercial Farm Total liabilities Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm Federal government REITs Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions 1 Credit unions Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Government-sponsored enterprises 1 Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FHLB loans to savings institutions are included in other loans and advances. Flow of Funds Data Dictionary 159 Global Insight (USA), Inc.

167 Levels Concept Series L.218 Home Mortgages 1 Adjustment: Not seasonally adjusted Total liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Private pension funds State and local government retirement funds Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs Memo: Home equity loans included above 2 Commercial banking Savings institutions Credit unions ABS issuers Finance companies FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Mortgages on 1-4 family properties. 2 Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by mortgage companies and individuals. Flow of Funds Data Dictionary 160 Global Insight (USA), Inc.

168 Levels Concept Series L.219 Multifamily Residential Mortgages Adjustment: Not seasonally adjusted Total liabilities Nonfinancial corporate business Nonfarm noncorporate business Federal government REITs Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies Private pension funds State and local government retirement funds Government-sponsored enterprises Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 161 Global Insight (USA), Inc.

169 Levels Concept Series L.220 Commercial Mortgages Adjustment: Not seasonally adjusted Total liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business REITs Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Federally related mortgage pools ABS issuers Finance companies Mortgage companies REITs FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 162 Global Insight (USA), Inc.

170 Levels Concept Series L.221 Farm Mortgages Adjustment: Not seasonally adjusted Total liabilities (Farm business) Total assets Household sector Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies State and local government retirement funds Government-sponsored enterprises Federally related mortgage pools FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 163 Global Insight (USA), Inc.

171 Levels Concept Series L.222 Consumer Credit Adjustment: Not seasonally adjusted Total liabilities (Households) Total assets Nonfinancial corporate business Nonfarm noncorporate business Federal government Commercial banking Savings institutions Credit unions Government-sponsored enterprises ABS issuers Finance companies FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 164 Global Insight (USA), Inc.

172 Levels Concept Series L.223 Trade Credit Adjustment: Not seasonally adjusted Total trade payables Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Brokers and dealers Total trade receivables Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Other insurance companies ABS issuers Discrepancy FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 165 Global Insight (USA), Inc.

173 Levels Concept Series L.224 Security Credit Adjustment: Not seasonally adjusted Total liabilities Household sector Rest of the world Brokers and dealers Customer credit balances (HH) From U.S.-chartered commercial banks From foreign banking offices in U.S. Total assets Household sector Rest of the world Commercial banking Brokers and dealers FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 166 Global Insight (USA), Inc.

174 Levels Concept Series L.225 Life Insurance and Pension Fund Reserves Adjustment: Not seasonally adjusted Life insurance reserves Total liabilities Federal government Life insurance companies Total assets (Households) Pension fund reserves Total liabilities Life insurance companies Private pension funds 1 State and local government retirement funds Federal government retirement funds 2 Total assets (Households) 3 FL FL FL FL FL FL FL FL FL FL Includes unallocated insurance company contracts beginning 1985:4. 2 Includes the Federal Employees Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds. 3 Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies. Flow of Funds Data Dictionary 167 Global Insight (USA), Inc.

175 Levels Concept Series L.226 Taxes Payable by Businesses Adjustment: Not seasonally adjusted Total taxes payable by all businesses Nonfinancial corporate business Nonfarm noncorporate business U.S.-chartered commercial banks Savings institutions Life insurance companies Other insurance companies Finance companies Brokers and dealers Total business taxes receivable State and local governments Federal government Discrepancy FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 168 Global Insight (USA), Inc.

176 Levels Concept Series L.227 Investment in Bank Personal Trusts and Estates Adjustment: Not seasonally adjusted Liabilities: Bank personal trusts and estates Asset: Household sector FL FL Flow of Funds Data Dictionary 169 Global Insight (USA), Inc.

177 Levels Concept Series L.229 Total Miscellaneous Financial Claims Adjustment: Not seasonally adjusted Total liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Monetary authority Commercial banking Savings institutions Credit unions Life insurance companies Other insurance companies Government-sponsored enterprises Finance companies Mortgage companies REITs Brokers and dealers Funding corporations Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Monetary authority Commercial banking Savings institutions Credit unions FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 170 Global Insight (USA), Inc.

178 Levels Concept Series L.229 Total Miscellaneous Financial Claims (Continued) Bank personal trusts and estates Life insurance companies Other insurance companies Private pension funds State and local government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Discrepancy FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 171 Global Insight (USA), Inc.

179 Levels Concept Series L.230 Identified Miscellaneous Financial Claims - Part I Adjustment: Not seasonally adjusted U.S. direct investment abroad: Liab.: Rest of the world Asset: Nonfinancial corporate business Commercial banking Life insurance companies Other insurance companies Finance companies Brokers and dealers Foreign direct investment in U.S.: Liab.: Nonfinancial corporate business Nonfarm noncorporate business Commercial banking Life insurance companies Other insurance companies Finance companies Brokers and dealers Funding corporations Asset: Rest of the world Federal government equity in IBRD, etc.: Liab.: Rest of the world Asset: Federal government Federal Reserve Bank stock: Liab.: Monetary authority Asset: Commercial banking Equity in government-sponsored enterprises: Liab.: Government-sponsored enterprises Asset: Nonfin. corporate business (FNMA) Nonfarm noncorporate (BC) Farm business (FICB and FLB) Federal government Commercial banks (FHLB) Savings institutions (FHLB) Credit unions (FHLB) Life insurance companies (FHLB) FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 172 Global Insight (USA), Inc.

180 Levels Concept Series L.230 Identified Miscellaneous Financial Claims - Part I (Continued) BHC investment in subsidiaries: Liab.: Commercial banking Savings institutions Finance companies Mortgage companies Brokers and dealers Asset: Bank holding companies NFC investment in finance company subsidiaries: Liab.: Finance companies Asset: Nonfinancial corporate business Funding corporations investment in subsidiaries: Liab.: Foreign banking offices in U.S. Brokers and dealers Asset: Funding corporations FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 173 Global Insight (USA), Inc.

181 Levels Concept Series L.231 Identified Miscellaneous Financial Claims - Part II Adjustment: Not seasonally adjusted Nonofficial foreign currencies: Liab.: Rest of the world Asset: Federal government Postal Savings System deposits: Liab.: Federal government Asset: Household sector Deposits at Federal Home Loan Banks: Liab.: Government-sponsored enterprises Asset: Savings institutions Deferred and unpaid life insurance premiums: Liab.: Household sector Asset: Life insurance companies Life insurane company reserves: Liab.: Life insurance companies Health Policy dividend accumulation Asset: Household sector Policy payables: Liab.: Other insurance companies Asset: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business Unallocated insurance company contracts: Liab.: Life insurance companies Asset: Private pension funds Pension fund contributions payable: Liab.: Nonfinancial corporate business Asset: Private pension funds FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 174 Global Insight (USA), Inc.

182 Levels Concept Series L.231 Identified Miscellaneous Financial Claims - Part II (Continued) Securities borrowed (net): Liab.: Funding corporations Asset: Brokers and dealers Nonmarketable government securities: Liab: Federal government Asset: Federal government retirement funds FL FL FL FL Flow of Funds Data Dictionary 175 Global Insight (USA), Inc.

183 Levels Concept Series L.232 Unidentified Miscellaneous Financial Claims Adjustment: Not seasonally adjusted Total liabilities Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Total assets Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 176 Global Insight (USA), Inc.

184 Levels Concept Series L.232 Unidentified Miscellaneous Financial Claims (Continued) Savings institutions Credit unions Bank personal trusts and estates Life insurance companies Private pension funds State and local government retirement funds Mutual funds Money market mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Discrepancy FL FL FL FL FL FL FL FL FL FL FL FL FL Flow of Funds Data Dictionary 177 Global Insight (USA), Inc.

185 Balance Sheet & Reconciliation Tables BALANCE SHEET AND RECONCILIATION TABLES Flow of Funds Data Dictionary 178 Global Insight (USA), Inc.

186 Balance Sheet & Reconciliation Tables B.100 Balance Sheet of Households and Nonprofit Organizations 1 and annual Adjustment: Not seasonally adjusted Assets Tangible assets Real estate Households 2,3 Nonprofit organizations Equipment and software owned by nonprofit organizations 4 Consumer durable goods 4 Financial assets Deposits Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Credit market instruments Open market paper U.S. government securities Treasury Savings bonds Other Treasury Agency Municipal securities Corporate and foreign bonds Mortgages Corporate equities 2 Mutual fund shares 5 Security credit Life insurance reserves Pension fund reserves Investment in bank personal trusts Equity in noncorporate business 6 Miscellaneous assets FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Sector includes farm households. 2 At market value. 3 All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land. 4 At replacement (current) cost. 5 Value based on the market values of eqwuities held and the book value of other assets held by mutual funds. 6 Net worth of noncorporate business and owners equity in farm business and unincorporated security brokers and dealers. Flow of Funds Data Dictionary 179 Global Insight (USA), Inc.

187 Balance Sheet & Reconciliation Tables B.100 Balance Sheet of Households and Nonprofit Organizations 1 (Continued) Liabilities Credit market instruments Home mortgages 7 Consumer credit Municipal securities 8 Bank loans n.e.c. Other loans and advances Commercial mortgages 8 Security credit Trade payables Deferred and unpaid life insurance premiums Net worth Memo: Replacement-cost value of structures: Residential Households Farm households Nonprofit organizations Nonresidential (nonprofits) Disposable personal income Household net worth as percentage of Disposable personal income Owners equity in household real estate 9 Owners equity as percentage of household real estate 10 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FA */FA FL */FL Includes loans made under home ewquity lines of credit and home equity loans secured by junior liens, shown on table L Liabilities of nonprofit organizations. 9 FL less FL FL divided by FL Flow of Funds Data Dictionary 180 Global Insight (USA), Inc.

188 Balance Sheet & Reconciliation Tables B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business and annual Adjustment: Not seasonally adjusted With tangible assets started at either market value or replacement cost: Assets Tangible assets Real estate 1 Equipment and software 2 Inventories 2 Financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Commercial paper U.S. government securities Municipal securities Mortgages Consumer credit Trade receivables Mutual fund shares 1 Miscellaneous assets Liabilities Credit market instruments Commercial paper Municipal securities 3 Corporate bonds 4 Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL At market value. 2 At replacement (current) cost. 3 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. 4 Through 1992, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues. Flow of Funds Data Dictionary 181 Global Insight (USA), Inc.

189 Balance Sheet & Reconciliation Tables B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business (Continued) Net worth (market value) Memo: Replacement-cost value of structures Residential Nonresidential Market value of equities outstanding (includes corporate farm equities) Debt/net worth (percent) Debt/equities (percent) Equities/net worth (percent) FL FL FL FL FL /FL FL /FL FL /FL With tangible assets stated at historical cost: Assets 5 Tangible assets Real estate Equipment and software Inventories Net worth (historical cost) 6 Memo: Historical-cost value of structures Residential Nonresidential Debt/net worth (percent) FL FL FL FL FL FL FL FL FL /FL Sum of FL and FL FL less FL Flow of Funds Data Dictionary 182 Global Insight (USA), Inc.

190 Balance Sheet & Reconciliation Tables B.103 Balance Sheet of Nonfarm Noncorporate Business Adjustment: Not seasonally adjusted Assets Tangible assets Real estate 1 Residential Nonresidential Equipment and software 2 Residential 3 Nonresidential Inventories 2 Financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Treasury securities Municipal securities Mortgages Consumer credit Trade receivables Miscellaneous assets Insurance receivables Equity investment in GSEs 4 Other Liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities Net worth 5 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL At market value. 2 At replacement (current) cost. 3 Durable goods in rental properties. 4 Equity in the Farm Credit System. 5 FL FL Included in table B.100, FL Flow of Funds Data Dictionary 183 Global Insight (USA), Inc.

191 Balance Sheet & Reconciliation Tables B.103 Balance Sheet of Nonfarm Noncorporate Business (Continued) Memo: Replacement-cost value of structures Residential Nonresidential Debt/net worth (percent) FL FL FL /FL Flow of Funds Data Dictionary 184 Global Insight (USA), Inc.

192 Balance Sheet & Reconciliation Tables R.100 Change in Net Worth of Households and Nonprofit Organizations Adjustment: Not seasonally adjusted Change in net worth 1 FR Net investment FU Net physical investment FU Capital expenditures FU Consumption of fixed capital FU Net financial investment FU Net acquisition of financial assets FU Net increase in liabilities FU Holding gains on assets stated at market value 2 FU Real estate FD Corporate equities FD Mutual fund shares FD Equity in noncorporate business FU Life insurance and pension fund reserves FD Investment in bank personal trusts and estates FD Holding gains on assets stated at current cost 2 FD Consumer durable goods FD Equipment and software FD Other factors 3 FU Memo: Net worth outstanding 4 Disposable personal income FL FA Sum of net investment, holding gains, and other factors. 2 Calculated as change in amount outstanding during period less net purchases during period. 3 Consists of the difference between series for consumption of fixed capital published by BEA and statistical discontinuities. 4 Table B.100, FL Flow of Funds Data Dictionary 185 Global Insight (USA), Inc.

193 Balance Sheet & Reconciliation Tables R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business Adjustment: Not seasonally adjusted With tangible assets valued at either market or replacement cost: Change in net worth 1 FR Net investment FU Net physical investment FU Capital expenditures FU Consumption of fixed capital FU Inventory valuation adjustment FU Access rights from federal government FU Net financial investment FU Net acquisition of financial assets FU Net increase in liabilities FU Net corporate equity issues FU Holding gains on assets stated at market value 2 FD Real estate FD Mutual fund shares FD Holding gains on assets stated at current cost less holding gains on liabilities stated at current cost 2 FU Equipment and software FU Inventories 3 FU Direct investment abroad FD Foreign direct investment in U.S. FD Other factors 4 FU Memo: Net worth outstanding (market value) FL Sum of net investment (FU ), holding gains (FD and FU ), and other factors (FU ). 2 Calculated as change in amount outstanding during period less net purchases during period. 3 Before inventory valuation adjustment. 4 Consists of statistical discontinuities. Flow of Funds Data Dictionary 186 Global Insight (USA), Inc.

194 Balance Sheet & Reconciliation Tables R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business (Continued) With tangible assets valued at historical cost: Change in net worth 5 FR Net investment flow FU Net physical investment FU Capital expenditures FU Consumption of fixed capital FU Inventory valuation adjustment FU Access rights from federal government FU Net financial investment FU Net acquisition of financial assets FU Net increase in liabilities FU Net corporate equity issues FU Valuation adjustment on reproducible assets 6 FU Holding gains on mutual fund shares 2 FD Holding gains on assets stated at current cost less holding gains on liabilities stated at current cost 2 FD Direct investment abroad FD Foreign direct investment in U.S. FD Other factors 4 FU Memo: Net worth outstanding (historical cost) FL Sum of net investment flow (FU ), valuation adjustment on reproducible assets (FU ), holding gains (FD and FD ), and other factors (FU ). 6 Effect of different treatment of certain items in BEA capital accounts from the NIPA accounts in the calculation of historical-cost investment flows; also reflects adjustments for intersectoral transfers of assets. Flow of Funds Data Dictionary 187 Global Insight (USA), Inc.

195 Balance Sheet & Reconciliation Tables R.103 Change in Net Worth of Nonfarm Noncorporate Business Adjustment: Not seasonally adjusted Change in net worth 1 FR Net investment 2 FU Net physical investment FU Capital expenditures FU Consumption of fixed capital FU Net acquisition of financial assets FU Net increase in liabilities from: Credit market instruments Trade payables Taxes payable Miscellaneous liabilities Holding gains on assets stated at market value (real estate) 3 Residential Nonresidential Holding gains on assets stated at current cost 3 Residential equipment and software Nonresidential equipment and software Inventories Other factors 4 Memo: Net worth outstanding 5 FU FU FU FU FD FD FD FU FU FU FD FU FL Sum of net investment (FU ), holding gains (FD and FU ), and other factors(fu ). 2 Also equal to proprietor s net investment shown on table F.103, FA Calculated as change in amount outstanding during period less net investment during period. 4 Consists of statistical discontinuities. 5 Table B.103, FL Flow of Funds Data Dictionary 188 Global Insight (USA), Inc.

196 Supplementary Tables SUPPLEMENTARY TABLES Flow of Funds Data Dictionary 189 Global Insight (USA), Inc.

197 Supplementary Tables F.100.a Nonprofit Organizations 1 Start Date: 1988 Frequency: Annual Net financial investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs 2 Credit market instruments Open market paper U.S. government securities Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Security credit Trade receivables 2 Equity in noncorporate business Miscellaneous assets 2 Net increase in liabilities Credit market instruments Municipal securities Bank loans n.e.c. Other loans and advances Commercial mortgages Trade payables Miscellaneous liabilities 2 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Does not include religious organizations or organizations with less than $25,000 in gross annual receipts. 2 Not included in table F.100. Flow of Funds Data Dictionary 190 Global Insight (USA), Inc.

198 Supplementary Tables L.100.a Nonprofit Organizations 1 Start Date: Majority begins in 1987 Frequency: Annual Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs 2 Credit market instruments Open market paper U.S. government securities Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Security credit Trade receivables 2 Equity in noncorporate business Miscellaneous assets 2 Liabilities Credit market instruments Municipal securities Bank loans n.e.c. Other loans and advances Commercial mortgages Trade payables Miscellaneous liabilities 2 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Does not include religious organizations or organizations with less than $25,000 in gross annual receipts. 2 Not included in table L.100. Flow of Funds Data Dictionary 191 Global Insight (USA), Inc.

199 Supplementary Tables F.106.c Consolidated Statement for Federal, State, and Local Governments 1, seasonally adjusted at annual rates Current receipts, NIPA basis FA Personal tax and nontax receipts FA Corporate profit tax accruals FA Indirect business tax and nontax accruals FA Contributions for social insurance FA Current expenditures, NIPA basis FA Consumption expenditures FA Transfer payments (net) FA Net interest paid FA Dividends received by government FA Subsidies less current surplus of government enterprises FA Wage accruals less disbursements FA Current surplus or deficit (-), NIPA basis FA Consumption of fixed capital FA Insurance and pension fund reserves 2 FA Net capital transfers 3 FA = Gross saving and net capital transfers FA Gross investment FA Fixed investment FA Access rights sales FA Net financial investment FA Net acquisition of financial assets FA Gold, SDRs, and official foreign exchange FA Checkable deposits and currency FA Time and savings deposits FA Security RPs FA Credit market instruments FA Open market paper FA U.S. government agency securities 4 FA Municipal securities FA Corporate and foreign bonds FA Mortgages FA This table is consistent with NIPA table 3.1 in the Survey of Current Business, Department of Commerce. 2 Railroad Retirement Board and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector. Include value of Treasury and agency securities held by state and local government employee retirement funds. 3 Table F.9, FA Holdings by state and local governments may include small amounts of agency securities issued by the federal government. Flow of Funds Data Dictionary 192 Global Insight (USA), Inc.

200 Supplementary Tables F.106.c Consolidated Statement for Federal, State, and Local Governments (Continued) Credit market instruments (continued) Other loans and advances 5 Corporate equities Mutual fund shares Trade receivables Taxes receivable Miscellaneous assets Net increase in liabilities SDR certificates Treasury currency Credit market instruments Savings bonds Other Treasury securities 6 Budget agency securities Municipal securities Multifamily residential mortgages Trade payables Insurance reserves Miscellaneous liabilities 7 Discrepancy Memo: Current surplus less fixed investment 8 Adjustment between NIPA and FOF 9 Items to be financed 10 FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Excludes loans to state and local governments. 6 Excludes Treasury securities owed to state and local governments. 7 Includes nonmarketable government securities held by civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement and disability fund. 8 FA less FA (FA FA ) less (FA FA FA ). 10 FA FA Flow of Funds Data Dictionary 193 Global Insight (USA), Inc.

201 Supplementary Tables L.106.c Consolidated Statement for Federal, State, and Local Governments Adjustment: Not seasonally adjusted Total financial assets Gold, SDRs, and official foreign exchange Checkable deposits and currency Time and savings deposits Security RPs Credit market instruments Open market paper Agency securities 1 Municipal securities Corporate and foreign bonds Mortgages Other loans and advances 2 Corporate equities Mutual fund shares Trade receivables Taxes receivable Miscellaneous assets Total liabilities SDR certificates Treasury currency Credit market instruments Savings bonds Other Treasury securities 3 Budget agency securities Municipal securities Multifamily residential mortgages Trade payables Insurance reserves Miscellaneous liabilities 4 FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Holdings by state and local governments may include small amounts of agency securities issued by the federal government. 2 Excludes loans to state and local governments. 3 Excludes Treasury securities owed to state and local governments. 4 Includes nonmarketable government securities held by civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement and disability fund. Flow of Funds Data Dictionary 194 Global Insight (USA), Inc.

202 Supplementary Tables F.119.b Private Pension Funds: Defined Benefit Plans Start Date: 1986 Frequency: Annual Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts 1 Contributions receivable Other FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:4Q. Flow of Funds Data Dictionary 195 Global Insight (USA), Inc.

203 Supplementary Tables L.119.b Private Pension Funds: Defined Benefit Plans Frequency: Annual Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts 1 Contributions receivable Other FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:4Q. Flow of Funds Data Dictionary 196 Global Insight (USA), Inc.

204 Supplementary Tables F.119.c Private Pension Funds: Defined Contribution Plans 1 Adjustment: Not seasonally adjusted Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts 2 Contributions receivable Other FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA Includes 401(k) type plans. 2 Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:4Q. Flow of Funds Data Dictionary 197 Global Insight (USA), Inc.

205 Supplementary Tables L.119.c Private Pension Funds: Defined Contribution Plans 1 Adjustment: Not seasonally adjusted Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper U.S. government securities Treasury Agency Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts 2 Contributions receivable Other FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL Includes 401(k) type plans and the Federal Employees Retirement System Thrift Savings Plan. 2 Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:4. Flow of Funds Data Dictionary 198 Global Insight (USA), Inc.

206 Supplementary Tables F.225.i Individual Retirement Accounts (IRAs) 1 Frequency: Annual Total held at: Commercial banking Saving institutions Credit unions Life insurance companies Money market mutual funds Mutual funds Other self-directed accounts FA FA FA FA FA FA FA FA Assets of the household sector (F.100). IRA assets are not included in pension fund reserves (table F.225), except for those at life insurance companies. Figures for depositories (FA , FA , FA ) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (FA )and are excluded from the mutual fund sector(fa ). Flow of Funds Data Dictionary 199 Global Insight (USA), Inc.

207 Supplementary Tables L.225.i Individual Retirement Accounts (IRAs) 1 Frequency: Annual Total held at: Commercial banking Saving institutions Credit unions Life insurance companies Money market mutual funds Mutual funds Other self-directed accounts FL FL FL FL FL FL FL FL Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension fund reserves (table L.225), except for those at life insurance companies. Figures for depositories (FL , FL , and FL ) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (FL ) and are excluded from the mutual fund sector(fl ). Flow of Funds Data Dictionary 200 Global Insight (USA), Inc.

208 Supplementary Tables B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail 1 Frequency: Annual Assets Tangible assets Financial assets Deposits Credit market instruments Equity shares at market value Directly held Indirectly held Bank personal trusts and estates Life insurance companies Private pension funds Defined benefit plans Defined contribution plans State and local government retirement funds Federal government retirement funds Mutual funds Other Liabilities Net worth Memo: Equity shares excluding defined benefit plans (FL FL , FL , and part of FL ) Equity shares (FL ) as a percent of Total assets Financial assets FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL FL */FL */FL Estimates of equity shares (FL , FL , FL , FL , FL , FL , FL , FL , and FL ) could differ from other sources owing to alternative definitions of ownership of equity by households. Prior to 1985, all pension assets are assumed to have been in defined benefit plans. Flow of Funds Data Dictionary 201 Global Insight (USA), Inc.