64 Z.1, December 6, 2012 L.1 Credit Market Debt Outstanding (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total credit market debt owed by: 50900.2 53272.8 53171.2 53514.3 53761.0 53734.0 54082.1 54459.5 54841.6 55039.8 55309.3 1 2 Domestic nonfinancial sectors 32549.8 34441.1 35372.5 36790.7 37022.3 37133.8 37618.5 38120.7 38552.1 38924.9 39247.6 2 3 Household sector 13699.1 13678.0 13403.0 13129.4 13012.3 12926.8 12903.7 12925.6 12849.5 12883.4 12844.8 3 4 Nonfinancial corporate business 7116.2 7452.8 7222.4 7463.2 7587.4 7736.9 7873.4 7998.6 8100.4 8229.8 8365.6 4 5 Nonfinancial noncorporate business 3774.6 4093.4 3973.3 3774.5 3758.6 3747.4 3740.0 3757.7 3763.9 3768.3 3772.0 5 6 State and local governments 2837.5 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 6 7 Federal government 5122.3 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 7 8 Rest of the world 2126.3 1708.8 2090.3 2225.3 2304.8 2326.8 2290.1 2276.7 2288.3 2268.7 2282.3 8 9 Financial sectors 16224.1 17122.9 15708.4 14498.3 14434.0 14273.4 14173.5 14062.1 14001.3 13846.1 13779.4 9 10 U.S chartered depository institutions 990.9 989.8 717.4 942.4 906.6 887.9 868.0 868.7 840.8 844.7 822.2 10 11 Foreign banking offices in U.S. 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11 12 Credit unions 32.3 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 12 13 Life insurance companies 28.7 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 13 14 Government-sponsored enterprises 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 14 15 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 15 16 ABS issuers 4534.5 4123.4 3308.1 2243.3 2162.1 2109.8 2040.0 1987.8 1923.7 1863.7 1824.3 16 17 Finance companies 1279.6 1200.3 1044.1 1268.8 1268.2 1253.1 1276.6 1274.8 1263.6 1247.7 1257.7 17 18 REITs 421.2 367.4 317.4 315.2 326.4 330.6 334.1 343.4 350.1 364.4 370.2 18 19 Brokers and dealers 64.8 142.6 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 19 20 Holding companies 710.6 807.9 1253.7 1237.2 1258.1 1269.7 1248.8 1220.8 1303.9 1213.9 1192.5 20 21 Funding corporations 786.4 1252.8 816.8 716.4 690.8 689.9 676.5 651.8 641.3 616.3 630.3 21 22 Total credit market assets held by: 50900.2 53272.8 53171.2 53514.3 53761.0 53734.0 54082.1 54459.5 54841.6 55039.8 55309.3 22 23 Domestic nonfinancial sectors 7106.6 6906.8 7412.0 7922.4 7857.0 7550.5 7505.6 7155.6 7098.6 7176.0 7076.1 23 24 Household sector 4933.5 4900.0 5185.7 5565.6 5494.3 5228.1 5230.9 4905.2 4842.7 4896.0 4732.5 24 25 Nonfinancial corporate business 250.4 214.0 221.6 237.0 225.9 227.1 216.1 222.1 234.5 241.2 240.9 25 26 Nonfinancial noncorporate business 106.7 95.8 89.1 85.7 85.4 85.2 85.1 85.3 85.4 85.4 85.4 26 27 State and local governments 1534.8 1330.6 1253.8 1287.3 1273.2 1253.1 1211.9 1196.8 1180.8 1179.6 1208.4 27 28 Federal government 281.1 366.4 661.8 746.9 778.2 757.0 761.6 746.2 755.1 773.8 809.0 28 29 Rest of the world 7272.6 7504.6 7723.4 8497.0 8599.9 8666.0 8837.1 9127.4 9222.5 9246.5 9402.3 29 30 Financial sectors 36521.1 38861.4 38035.7 37094.9 37304.0 37517.5 37739.4 38176.6 38520.5 38617.2 38830.9 30 31 Monetary authority 740.6 986.0 1987.7 2259.2 2479.2 2700.4 2686.1 2635.6 2613.4 2610.9 2565.1 31 32 U.S chartered depository institutions 9201.0 9442.9 9131.1 9341.5 9211.3 9185.9 9299.0 9468.4 9462.8 9564.3 9622.9 32 33 Foreign banking offices in U.S. 963.3 1063.8 777.9 747.1 757.6 773.4 804.4 784.9 775.5 760.4 778.1 33 34 Banks in U.S affiliated areas 92.8 90.9 88.1 68.9 67.6 65.2 63.7 64.0 63.9 62.7 62.0 34 35 Credit unions 657.9 697.8 731.0 755.6 765.4 774.3 781.6 790.8 807.7 823.0 828.1 35 36 Property-casualty insurance companies 869.3 853.4 886.7 890.6 895.2 890.3 890.6 918.1 910.4 910.3 915.3 36 37 Life insurance companies 2871.2 2882.8 3022.6 3174.2 3211.1 3237.3 3284.3 3297.9 3322.4 3288.0 3319.1 37 38 Private pension funds 860.8 951.4 1063.0 1122.4 1130.9 1138.2 1161.3 1171.4 1172.0 1165.2 1166.4 38 39 State and local govt. retirement funds 820.3 833.5 824.7 816.5 825.0 820.5 835.6 834.8 843.0 847.4 850.2 39 40 Federal government retirement funds 99.4 123.3 130.7 141.5 145.3 149.5 157.8 161.6 163.0 167.2 168.9 40 41 Money market mutual funds 1936.4 2675.0 2031.0 1621.0 1582.4 1521.0 1502.7 1628.2 1569.7 1493.9 1471.7 41 42 Mutual funds 2203.1 2276.4 2657.2 3031.4 3160.9 3267.8 3317.9 3458.9 3721.3 3865.0 4035.5 42 43 Closed-end funds 171.2 130.5 141.1 146.3 148.0 148.9 143.7 145.1 148.0 149.4 152.9 43 44 Exchange-traded funds 34.1 57.1 103.0 132.7 140.1 151.1 164.1 178.8 195.1 213.5 221.1 44 45 Government-sponsored enterprises 2829.5 3037.5 2699.7 6333.1 6327.9 6252.4 6176.5 6133.3 6095.8 6014.0 5950.1 45 46 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 46 47 ABS issuers 4419.7 4025.1 3244.5 2191.5 2108.5 2058.7 1992.5 1940.2 1878.4 1821.3 1782.9 47 48 Finance companies 1816.3 1734.4 1516.7 1443.9 1422.0 1395.4 1389.5 1397.3 1384.4 1368.4 1367.5 48 49 REITs 246.5 177.6 168.9 206.0 258.0 288.4 308.5 308.9 362.9 385.5 443.5 49 50 Brokers and dealers 803.1 717.4 525.3 557.5 556.8 549.6 511.2 567.2 610.7 600.5 589.7 50 51 Holding companies 59.1 73.0 75.8 97.9 105.7 105.3 110.5 101.1 223.0 183.4 176.1 51 52 Funding corporations 361.0 1070.1 852.2 876.6 818.1 807.9 880.7 885.4 867.4 945.9 955.8 52 (1) Excludes corporate equities and mutual fund shares. Z.1, December 6, 2012 65 L.2 Credit Market Debt Owed by Nonfinancial Sectors Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Domestic 32549.8 34441.1 35372.5 36790.7 37022.3 37133.8 37618.5 38120.7 38552.1 38924.9 39247.6 1 2 By instrument 32549.8 34441.1 35372.5 36790.7 37022.3 37133.8 37618.5 38120.7 38552.1 38924.9 39247.6 2 3 Commercial paper 123.8 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 3 4 Treasury securities 5099.2 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 4 5 Agency- and GSE-backed securities 23.1 23.3 23.5 24.2 24.5 24.5 25.0 25.3 24.4 24.5 24.4 5 6 Municipal securities 3424.8 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 6 7 Corporate bonds 3675.5 3881.0 4268.6 4691.4 4792.4 4907.8 4988.3 5076.0 5193.5 5286.0 5414.7 7 8 Depository institution loans n.e.c. 1664.2 1852.6 1500.2 1465.5 1457.4 1435.5 1468.7 1542.6 1585.7 1684.8 1699.3 8 9 Other loans and advances 1620.4 1688.2 1458.4 1302.5 1301.8 1334.6 1353.5 1373.7 1357.0 1352.7 1343.4 9 10 Mortgages 14390.0 14460.3 14170.3 13545.3 13448.0 13351.9 13269.3 13207.7 13097.5 13024.2 12930.6 10 11 Home 11194.8 11082.8 10880.7 10413.1 10338.3 10272.3 10214.2 10158.0 10071.5 10013.2 9925.9 11 12 Multifamily residential 767.5 814.5 820.2 807.7 797.6 796.8 797.7 802.6 802.9 809.6 820.4 12 13 Commercial 2315.0 2428.4 2338.0 2183.3 2169.8 2139.2 2112.7 2101.1 2075.9 2053.0 2034.6 13 14 Farm 112.7 134.7 131.3 141.2 142.2 143.5 144.7 146.0 147.2 148.5 149.7 14 15 Consumer credit 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 15 16 By sector 32549.8 34441.1 35372.5 36790.7 37022.3 37133.8 37618.5 38120.7 38552.1 38924.9 39247.6 16 17 Household sector 13699.1 13678.0 13403.0 13129.4 13012.3 12926.8 12903.7 12925.6 12849.5 12883.4 12844.8 17 18 Nonfinancial business 10890.8 11546.1 11195.7 11237.7 11346.0 11484.3 11613.3 11756.3 11864.3 11998.1 12137.6 18 19 Corporate 7116.2 7452.8 7222.4 7463.2 7587.4 7736.9 7873.4 7998.6 8100.4 8229.8 8365.6 19 20 Noncorporate 3774.6 4093.4 3973.3 3774.5 3758.6 3747.4 3740.0 3757.7 3763.9 3768.3 3772.0 20 21 State and local governments 2837.5 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 21 22 Federal government 5122.3 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 22 Foreign credit market debt 23 held in U.S. 2126.3 1708.8 2090.3 2225.3 2304.8 2326.8 2290.1 2276.7 2288.3 2268.7 2282.3 23 24 Commercial paper 413.0 342.0 401.3 398.6 428.2 417.2 352.5 345.1 362.6 357.4 366.4 24 25 Bonds 1587.1 1237.3 1570.3 1689.5 1727.2 1757.3 1774.6 1763.8 1745.3 1718.8 1719.7 25 26 Depository institution loans n.e.c. 102.8 107.9 96.8 115.1 127.1 130.5 140.9 144.3 153.6 164.8 167.2 26 27 Other loans and advances 23.4 21.6 21.9 22.1 22.2 21.9 22.0 23.5 26.7 27.7 28.9 27 28 Domestic and foreign 34676.1 36149.9 37462.8 39016.0 39327.0 39460.6 39908.6 40397.4 40840.3 41193.7 41529.9 28 L.3 Credit Market Debt Owed by Financial Sectors Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 By instrument 16224.1 17122.9 15708.4 14498.3 14434.0 14273.4 14173.5 14062.1 14001.3 13846.1 13779.4 1 2 Open market paper 1251.8 1125.8 677.6 575.9 592.5 557.5 527.2 507.8 504.2 472.6 454.7 2 3 GSE issues 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 3 4 Agency- and GSE-backed mortgage pool sec. 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 4 5 Corporate bonds 6280.8 6000.3 5738.0 5334.5 5245.7 5158.3 5088.8 5013.0 5057.7 4959.4 4906.5 5 6 Depository institution loans n.e.c. 293.1 789.5 424.7 373.7 360.1 406.0 414.2 399.9 362.6 299.7 309.1 6 7 Other loans and advances 867.1 900.5 617.9 473.2 442.5 424.8 408.7 413.1 389.5 412.2 400.9 7 8 Mortgages 156.7 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.6 8 9 By sector 16224.1 17122.9 15708.4 14498.3 14434.0 14273.4 14173.5 14062.1 14001.3 13846.1 13779.4 9 10 U.S chartered depository institutions 990.9 989.8 717.4 942.4 906.6 887.9 868.0 868.7 840.8 844.7 822.2 10 11 Foreign banking offices in U.S. 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11 12 Credit unions 32.3 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 12 13 Life insurance companies 28.7 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 13 14 Government-sponsored enterprises 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 14 15 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 15 16 ABS issuers 4534.5 4123.4 3308.1 2243.3 2162.1 2109.8 2040.0 1987.8 1923.7 1863.7 1824.3 16 17 Finance companies 1279.6 1200.3 1044.1 1268.8 1268.2 1253.1 1276.6 1274.8 1263.6 1247.7 1257.7 17 18 REITs 421.2 367.4 317.4 315.2 326.4 330.6 334.1 343.4 350.1 364.4 370.2 18 19 Brokers and dealers 64.8 142.6 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 19 20 Holding companies 710.6 807.9 1253.7 1237.2 1258.1 1269.7 1248.8 1220.8 1303.9 1213.9 1192.5 20 21 Funding corporations 786.4 1252.8 816.8 716.4 690.8 689.9 676.5 651.8 641.3 616.3 630.3 21 66 Z.1, December 6, 2012 L.4 Credit Market Debt, All Sectors, by Instrument Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total 50900.2 53272.8 53171.2 53514.3 53761.0 53734.0 54082.1 54459.5 54841.6 55039.8 55309.3 1 2 Open market paper 1788.6 1599.3 1137.4 1057.5 1131.2 1081.6 1004.4 969.2 994.4 962.0 957.2 2 3 Treasury securities 5099.2 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 3 4 Agency- and GSE-backed securities 7397.7 8166.7 8106.8 7598.2 7648.7 7577.8 7585.0 7577.4 7533.0 7541.7 7543.9 4 5 Municipal securities 3424.8 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 5 6 Corporate and foreign bonds 11543.4 11118.5 11576.9 11715.3 11765.3 11823.3 11851.7 11852.7 11996.6 11964.3 12041.0 6 7 Depository institution loans n.e.c. 2060.1 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2149.3 2175.7 7 8 Other loans and advances 2511.0 2610.2 2098.1 1797.8 1766.6 1781.3 1784.2 1810.3 1773.2 1792.7 1773.2 8 9 Mortgages 14546.7 14623.8 14337.1 13712.4 13616.8 13525.3 13443.8 13383.8 13276.3 13209.2 13119.2 9 10 Consumer credit 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 10 Memo: Selected claims not included above: 11 Corporate equities 25580.9 15640.5 20123.2 23411.4 25091.0 25105.2 21059.7 22825.9 25508.3 24382.5 25826.4 11 12 Mutual fund shares 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 12 L.5 Total Liabilities and Its Relation to Total Financial Assets Billions of dollars; amounts outstanding end of period, not seasonally adjusted Total credit market debt 1 (from table L.4) 50900.2 53272.8 53171.2 53514.3 53761.0 53734.0 54082.1 54459.5 54841.6 55039.8 55309.3 1 2 U.S. official reserve assets 67.3 74.2 175.1 175.8 184.3 189.3 186.4 183.8 184.5 181.7 184.7 2 3 SDR certificates 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3 4 Treasury currency 27.4 26.6 26.2 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 4 5 Foreign deposits 1340.9 946.7 840.6 866.5 917.5 917.9 919.6 834.1 803.0 793.6 789.6 5 6 Net interbank liabilities 136.3 1922.9 1325.5 1147.7 1847.7 2025.2 2081.0 1984.6 1985.6 1946.5 1882.1 6 7 Checkable deposits and currency 1532.9 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2637.5 7 8 Small time and savings deposits 5224.5 5749.3 6326.5 6624.9 6741.5 6898.8 7065.7 7202.2 7410.5 7457.0 7595.4 8 9 Large time deposits 2382.2 2191.6 1989.8 1807.5 1811.8 1815.3 1658.4 1603.0 1504.3 1511.1 1485.2 9 10 Money market fund shares 3033.1 3757.3 3258.3 2755.3 2679.4 2637.8 2577.9 2642.5 2535.4 2467.9 2506.9 10 11 Security RPs 2118.5 1238.2 1488.4 1272.3 1312.7 1258.2 1102.1 1140.7 1187.7 1167.1 1134.1 11 12 Mutual fund shares 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 12 13 Security credit 1526.4 1128.5 1091.2 1214.8 1258.1 1323.8 1380.9 1312.1 1375.5 1410.2 1487.6 13 14 Life insurance reserves 1201.5 1179.8 1242.1 1278.3 1302.8 1317.5 1320.3 1352.0 1381.5 1370.8 1394.5 14 15 Pension fund reserves 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 15 16 Trade payables 3398.0 3228.0 3204.9 3383.3 3429.9 3495.3 3545.4 3603.6 3660.6 3709.0 3734.4 16 17 Taxes payable 167.7 44.0 40.6 50.5 75.8 63.6 65.1 64.8 76.9 74.3 94.1 17 18 Miscellaneous 17532.2 20091.3 20024.7 20503.3 20239.3 20118.7 21373.2 20871.4 20821.3 21202.2 20525.2 18 19 Total liabilities 111811.0 112799.3 115180.1 118010.7 119769.2 120146.4 119779.5 121032.5 123246.6 123421.5 124110.9 19 + Financial assets not included in liabilities: 20 Gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 20 21 Corporate equities 25580.9 15640.5 20123.2 23411.4 25091.0 25105.2 21059.7 22825.9 25508.3 24382.5 25826.4 21 22 Household equity in noncorp. bus. 9329.3 7727.1 6459.6 6990.0 7154.7 7209.5 7336.9 7512.0 7587.1 7689.2 7854.7 22 - Liabilities not identified as assets: 23 Treasury currency -11.3 -12.1 -16.5 -17.6 -17.9 -18.0 -18.2 -18.3 -18.5 -18.6 -18.7 23 24 Foreign deposits 1082.9 735.8 661.5 668.0 705.4 708.1 757.1 691.8 685.2 695.5 691.1 24 25 Net interbank transactions -41.8 -17.5 5.1 -17.7 -1.3 4.4 9.9 -5.3 -8.7 -13.5 38.8 25 26 Security RPs 651.2 68.0 458.3 357.5 288.4 275.8 239.6 249.8 282.3 236.4 138.7 26 27 Taxes payable -52.9 -193.3 -204.4 -198.5 -175.5 -196.3 -196.1 -199.1 -191.2 -198.5 -179.2 27 28 Miscellaneous -7495.5 -5304.5 -5674.2 -5837.3 -6041.1 -6432.7 -6239.1 -6862.1 -7193.5 -7199.8 -7700.0 28 - Floats not included in assets: 29 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29 30 Federal govt. 2.8 1.2 2.0 2.5 2.6 3.5 1.7 2.5 2.9 3.4 3.2 30 31 Private domestic 7.3 5.3 4.2 3.2 3.3 3.4 3.9 4.1 3.7 3.8 3.7 31 32 Trade credit 208.8 236.0 339.0 452.9 411.9 375.5 376.7 480.6 413.9 381.0 410.0 32 33 Totals identified to sectors as assets 152380.8 140659.1 146199.1 153010.2 156850.0 157748.4 153251.5 157037.5 162376.9 161614.5 164415.4 33 Z.1, December 6, 2012 67 L.10 Assets and Liabilities of the Personal Sector (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total financial assets 46325.7 38785.6 42835.0 46092.8 47738.4 47739.4 44897.4 46336.0 48713.7 48052.6 49191.8 1 2 Foreign deposits 80.5 56.9 50.5 52.1 55.1 55.1 55.2 50.1 48.3 47.7 47.4 2 3 Checkable deposits and currency 675.9 869.0 913.4 938.3 946.6 994.3 1109.3 1230.0 1215.9 1206.7 1208.4 3 4 Time and savings deposits 6273.9 6476.8 6585.2 6702.0 6799.3 6940.4 6968.4 7083.3 7185.4 7248.4 7277.9 4 5 Money market fund shares 1421.0 1657.2 1386.8 1200.5 1169.2 1157.3 1178.5 1184.8 1126.7 1097.5 1115.1 5 6 Securities 19107.5 13923.4 16704.7 18841.7 19963.8 19801.7 17716.4 18218.3 19743.3 19381.4 20021.7 6 7 Open market paper 107.3 6.0 34.6 63.4 67.9 64.9 60.3 58.2 51.7 47.1 39.9 7 8 U.S. savings bonds 196.4 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 8 9 Treasury bills and other Treasury securities 64.9 62.7 617.2 946.2 788.1 568.4 642.1 479.6 626.3 760.7 805.7 9 10 Agency- and GSE-backed securities 680.6 748.6 167.1 169.4 244.1 213.4 181.3 134.4 58.0 56.3 7.5 10 11 Municipal securities 1703.5 1741.9 1871.6 1930.9 1942.5 1915.9 1896.0 1868.9 1834.5 1820.9 1755.1 11 12 Corporate and foreign bonds 2118.1 2062.7 2227.0 2200.6 2201.0 2218.3 2206.7 2125.1 2034.6 1981.1 1892.4 12 13 Corporate equities (2) 9631.4 5764.8 7434.9 8737.7 9576.1 9620.8 8144.4 8721.9 9656.2 9270.2 9794.6 13 14 Mutual fund shares 4605.3 3342.7 4161.1 4605.7 4957.3 5013.9 4400.6 4645.0 5297.3 5260.9 5542.9 14 15 Life insurance reserves 1076.8 1049.8 1109.2 1137.2 1160.3 1174.1 1174.5 1203.6 1214.0 1201.1 1221.8 15 16 Pension fund reserves 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 16 17 Life insurance companies 2450.8 2184.6 2323.0 2504.7 2589.1 2611.0 2519.6 2556.6 2633.6 2579.1 2630.9 17 18 Private pension funds 6444.8 4588.0 5507.4 6136.6 6367.7 6366.3 5734.7 6118.2 6597.5 6409.6 6635.2 18 19 Governments 4495.0 3637.0 4084.5 4449.4 4554.2 4457.4 4199.5 4477.5 4723.3 4649.4 4790.6 19 20 Miscellaneous and other assets 4299.6 4342.9 4170.3 4130.3 4133.0 4181.9 4241.3 4213.6 4225.8 4231.7 4242.7 20 21 Total liabilities 19612.1 19901.1 19590.4 19227.0 19140.7 19052.5 18970.9 19000.2 18970.9 18985.3 18976.1 21 22 Home mortgages 11152.5 11050.1 10860.3 10399.5 10325.9 10260.9 10203.5 10147.8 10061.5 10003.3 9915.9 22 23 Other mortgages 2301.9 2529.9 2551.8 2451.0 2435.1 2416.3 2398.0 2397.3 2377.1 2358.6 2344.6 23 24 Consumer credit 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 24 25 Policy loans 114.5 120.4 121.1 124.5 124.8 125.5 126.4 126.9 126.9 126.6 127.2 25 26 Security credit 325.5 164.8 203.0 278.2 315.7 312.8 251.9 238.5 267.7 244.5 271.7 26 27 Other liabilities 3188.9 3487.1 3415.5 3428.5 3427.1 3402.8 3412.7 3458.2 3518.7 3589.8 3592.6 27 (1) Combined statement for households and nonprofit organizations and nonfinancial noncorporate business. (2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18). 68 Z.1, December 6, 2012 L.100 Households and Nonprofit Organizations (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total financial assets 52047.5 42810.1 45690.2 49614.7 51431.9 51493.9 48784.4 50390.0 52832.7 52274.0 53577.0 1 2 Deposits 7502.0 8107.1 7969.1 7963.1 8042.5 8221.0 8386.1 8620.5 8647.0 8671.1 8719.3 2 3 Foreign deposits 80.5 56.9 50.5 52.1 55.1 55.1 55.2 50.1 48.3 47.7 47.4 3 4 Checkable deposits and currency 160.2 349.6 373.6 418.8 428.1 476.5 591.8 711.0 695.9 686.6 687.8 4 5 Time and savings deposits 5914.6 6118.8 6231.9 6362.5 6460.7 6602.5 6631.0 6745.1 6846.8 6910.0 6939.5 5 6 Money market fund shares 1346.7 1581.8 1313.1 1129.7 1098.6 1086.8 1108.1 1114.2 1056.0 1026.9 1044.5 6 7 Credit market instruments 4933.5 4900.0 5185.7 5565.6 5494.3 5228.1 5230.9 4905.2 4842.7 4896.0 4732.5 7 8 Open market paper 107.3 6.0 34.6 63.4 67.9 64.9 60.3 58.2 51.7 47.1 39.9 8 9 Treasury securities 202.0 204.9 762.3 1089.7 930.7 710.3 783.1 620.7 766.8 900.8 945.1 9 10 Savings bonds 196.4 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 10 11 Bills and other Treasury securities 5.6 10.9 571.1 901.8 743.9 524.3 598.0 435.5 582.0 716.5 761.5 11 12 Agency- and GSE-backed securities 680.6 748.6 167.1 169.4 244.1 213.4 181.3 134.4 58.0 56.3 7.5 12 13 Municipal securities 1698.2 1737.0 1866.5 1926.0 1937.7 1911.0 1891.2 1864.1 1829.7 1816.1 1750.2 13 14 Corporate and foreign bonds 2118.1 2062.7 2227.0 2200.6 2201.0 2218.3 2206.7 2125.1 2034.6 1981.1 1892.4 14 15 Other loans and advances (2) 17.6 29.7 26.8 26.2 25.2 25.7 25.5 23.4 26.5 23.2 29.4 15 16 Mortgages 109.8 111.1 101.4 90.3 87.7 84.6 82.8 79.5 75.5 71.5 68.0 16 17 Corporate equities (3) 9631.4 5764.8 7434.9 8737.7 9576.1 9620.8 8144.4 8721.9 9656.2 9270.2 9794.6 17 18 Mutual fund shares 4605.3 3342.7 4161.1 4605.7 4957.3 5013.9 4400.6 4645.0 5297.3 5260.9 5542.9 18 19 Security credit 866.4 742.7 668.6 694.3 703.3 757.7 804.9 752.3 762.3 777.7 782.7 19 20 Life insurance reserves 1076.8 1049.8 1109.2 1137.2 1160.3 1174.1 1174.5 1203.6 1214.0 1201.1 1221.8 20 21 Pension fund reserves 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 21 22 Equity in noncorporate business 9329.3 7727.1 6459.6 6990.0 7154.7 7209.5 7336.9 7512.0 7587.1 7689.2 7854.7 22 23 Miscellaneous assets 712.2 766.3 787.1 830.5 832.3 834.1 852.3 877.2 871.7 869.8 871.7 23 24 Total liabilities 14263.1 14106.6 13880.8 13706.5 13632.3 13548.0 13466.1 13476.6 13433.2 13446.4 13435.5 24 25 Credit market instruments 13699.1 13678.0 13403.0 13129.4 13012.3 12926.8 12903.7 12925.6 12849.5 12883.4 12844.8 25 26 Home mortgages (4) 10567.4 10509.1 10360.9 9941.9 9875.5 9817.0 9764.4 9712.7 9630.7 9574.4 9488.6 26 27 Consumer credit 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 27 28 Municipal securities 250.2 259.5 265.4 263.2 262.8 261.7 256.8 255.5 253.8 249.5 245.6 28 29 Depository institution loans n.e.c. (5) 21.8 26.4 10.2 61.0 45.3 -1.0 -9.8 12.4 34.8 88.0 79.5 29 30 Other loans and advances 127.0 133.2 133.7 136.1 136.4 136.9 137.8 138.1 137.8 137.6 138.3 30 31 Commercial mortgages 204.0 200.9 194.0 181.9 180.2 178.2 176.1 175.4 173.6 171.4 168.8 31 32 Security credit 325.5 164.8 203.0 278.2 315.7 312.8 251.9 238.5 267.7 244.5 271.7 32 33 Trade payables 214.5 236.7 252.7 274.1 279.1 282.6 286.0 288.2 289.8 290.5 290.5 33 Deferred and unpaid 34 life insurance premiums 23.9 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 34 (1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end outstandings of nonprofit organizations. (2) Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds. (3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 18) and life insurance and pension reserves (lines 20 and 21). (4) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 23. (5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 19. Z.1, December 6, 2012 69 L.101 Nonfinancial Business (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total financial assets 17358.0 16630.8 16932.5 17475.3 17626.9 17822.4 17966.3 18305.3 18532.7 18704.2 18964.5 1 2 Foreign deposits 50.3 24.7 31.5 40.6 47.6 40.8 37.2 33.6 21.0 9.8 10.9 2 3 Checkable deposits and currency 658.8 550.0 710.3 764.2 787.7 801.6 823.8 831.6 837.5 863.1 889.7 3 4 Time and savings deposits 800.7 740.0 842.1 888.2 890.2 906.4 906.2 912.5 923.3 910.0 919.5 4 5 Money market fund shares 622.8 786.0 715.4 555.6 540.4 528.5 511.1 522.6 504.4 492.2 497.8 5 6 Security RPs 8.1 7.2 7.9 12.1 12.7 13.0 12.1 12.9 13.9 14.3 13.7 6 7 Credit market instruments 357.1 309.8 310.7 322.7 311.4 312.3 301.2 307.4 319.9 326.6 326.3 7 8 Commercial paper 69.5 57.3 56.0 68.0 70.8 70.4 58.0 59.4 64.1 59.0 64.8 8 9 Treasury securities 97.7 82.3 89.1 92.4 86.7 85.6 88.5 92.0 97.2 109.1 104.1 9 10 Agency- and GSE-backed securities 12.8 10.2 14.3 16.0 14.2 17.2 14.8 15.9 17.7 19.1 17.5 10 11 Municipal securities 34.5 31.1 32.2 28.8 24.4 24.0 24.7 24.3 27.1 25.7 26.2 11 12 Mortgages 83.5 72.8 67.5 64.4 63.9 63.4 63.0 62.7 62.4 61.9 61.6 12 13 Consumer credit 59.3 56.3 51.7 53.1 51.5 51.7 52.2 53.1 51.5 51.7 52.2 13 14 Mutual fund shares 178.0 106.2 161.9 186.6 190.2 186.6 162.9 167.5 177.6 168.9 171.4 14 15 Trade receivables 2778.0 2607.3 2552.4 2625.9 2714.4 2815.3 2851.9 2806.9 2924.3 3004.0 2999.4 15 16 Miscellaneous assets 11904.3 11499.7 11600.4 12079.3 12132.4 12218.0 12359.9 12710.4 12810.9 12915.3 13135.8 16 17 Total liabilities 18264.9 19019.5 18608.1 18741.9 18788.7 18854.0 18956.4 19116.5 19207.3 19304.1 19437.4 17 18 Credit market instruments 10890.8 11546.1 11195.7 11237.7 11346.0 11484.3 11613.3 11756.3 11864.3 11998.1 12137.6 18 19 Commercial paper 123.8 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 19 20 Municipal securities 349.0 415.0 452.2 485.4 487.8 493.4 492.2 493.9 495.2 505.3 504.1 20 21 Corporate bonds 3675.5 3881.0 4268.6 4691.4 4792.4 4907.8 4988.3 5076.0 5193.5 5286.0 5414.7 21 22 Depository institution loans n.e.c. 1642.4 1826.1 1490.1 1404.6 1412.1 1436.6 1478.5 1530.2 1550.9 1596.9 1619.9 22 23 Other loans and advances 1481.5 1542.3 1311.1 1152.0 1150.9 1183.0 1200.8 1220.3 1203.9 1199.5 1189.6 23 24 Mortgages 3618.5 3750.3 3615.3 3421.5 3392.2 3356.7 3328.8 3319.6 3293.2 3278.4 3273.2 24 25 Trade payables 2272.8 2053.4 1975.8 2112.1 2130.7 2190.1 2231.3 2287.8 2318.2 2362.3 2382.9 25 26 Taxes payable 135.3 145.1 135.6 137.8 155.3 144.9 150.8 142.3 153.7 150.5 160.2 26 27 Miscellaneous liabilities 4966.0 5274.9 5301.0 5254.3 5156.7 5034.6 4960.9 4930.1 4871.1 4793.1 4756.7 27 (1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business. 70 Z.1, December 6, 2012 L.102 Nonfinancial Corporate Business Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total financial assets 13762.1 12937.7 13340.1 14021.0 14181.2 14382.5 14529.9 14860.4 15082.4 15254.2 15513.5 1 2 Foreign deposits 50.3 24.7 31.5 40.6 47.6 40.8 37.2 33.6 21.0 9.8 10.9 2 3 Checkable deposits and currency 143.2 30.6 170.5 244.7 269.2 283.8 306.3 312.6 317.4 342.9 369.1 3 4 Time and savings deposits 441.3 381.9 488.8 548.7 551.6 568.5 568.9 574.3 584.7 571.6 581.1 4 5 Money market fund shares 548.5 710.6 641.7 484.8 469.8 458.0 440.7 452.0 433.8 421.6 427.2 5 6 Security RPs 8.1 7.2 7.9 12.1 12.7 13.0 12.1 12.9 13.9 14.3 13.7 6 7 Credit market instruments 250.4 214.0 221.6 237.0 225.9 227.1 216.1 222.1 234.5 241.2 240.9 7 8 Commercial paper 69.5 57.3 56.0 68.0 70.8 70.4 58.0 59.4 64.1 59.0 64.8 8 9 Treasury securities 38.3 30.5 43.0 48.0 42.4 41.5 44.4 47.8 53.0 64.9 59.9 9 10 Agency- and GSE-backed securities 12.8 10.2 14.3 16.0 14.2 17.2 14.8 15.9 17.7 19.1 17.5 10 11 Municipal securities 29.2 26.2 27.1 23.9 19.5 19.2 19.9 19.5 22.2 20.8 21.3 11 12 Mortgages 41.4 33.6 29.5 28.0 27.6 27.2 26.8 26.4 26.0 25.6 25.2 12 13 Consumer credit 59.3 56.3 51.7 53.1 51.5 51.7 52.2 53.1 51.5 51.7 52.2 13 14 Mutual fund shares 178.0 106.2 161.9 186.6 190.2 186.6 162.9 167.5 177.6 168.9 171.4 14 15 Trade receivables 2252.4 2084.6 2056.0 2148.9 2238.8 2340.7 2378.0 2332.0 2448.7 2528.6 2524.0 15 16 Miscellaneous assets 9890.0 9377.9 9560.4 10117.5 10175.3 10264.1 10407.8 10753.4 10850.8 10955.3 11175.1 16 17 U.S. direct investment abroad (1) 2892.9 3011.1 3219.1 3434.7 3544.1 3674.7 3752.0 3794.6 3908.0 3987.1 4082.5 17 18 Insurance receivables 299.9 311.1 310.2 313.2 313.3 319.0 322.4 328.7 326.4 327.5 328.1 18 19 Equity in GSEs 0.7 0.4 0.5 0.6 0.7 0.6 0.5 0.5 0.7 0.6 0.6 19 20 Investment in finance company subs. 81.5 80.5 71.2 62.5 74.9 74.3 73.3 71.5 68.6 66.1 70.4 20 21 Other 6615.0 5974.8 5959.4 6306.4 6242.3 6195.5 6259.5 6557.9 6547.2 6574.0 6693.6 21 22 Total liabilities 12916.0 13225.0 12898.5 13221.4 13280.3 13349.5 13451.6 13592.8 13669.7 13765.2 13896.8 22 23 Credit market instruments 7116.2 7452.8 7222.4 7463.2 7587.4 7736.9 7873.4 7998.6 8100.4 8229.8 8365.6 23 24 Commercial paper 123.8 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 24 25 Municipal securities (2) 349.0 415.0 452.2 485.4 487.8 493.4 492.2 493.9 495.2 505.3 504.1 25 26 Corporate bonds (1) 3675.5 3881.0 4268.6 4691.4 4792.4 4907.8 4988.3 5076.0 5193.5 5286.0 5414.7 26 27 Depository institution loans n.e.c. 715.9 780.0 546.0 530.9 534.6 543.6 569.5 604.1 597.6 622.5 631.3 27 28 Other loans and advances (3) 1316.5 1364.9 1139.1 977.9 975.2 1010.6 1030.8 1045.7 1027.6 1021.5 1009.2 28 29 Mortgages 935.5 880.3 758.1 694.7 686.9 674.6 667.8 662.6 658.8 662.4 670.1 29 30 Trade payables 1897.9 1672.7 1587.5 1743.2 1763.5 1822.1 1862.0 1920.3 1952.7 1999.4 2021.7 30 31 Taxes payable 35.8 39.0 35.7 42.9 60.7 50.6 56.7 47.8 59.1 55.9 65.6 31 32 Miscellaneous liabilities 3866.0 4060.5 4052.9 3972.2 3868.7 3739.9 3659.6 3626.0 3557.5 3480.1 3443.8 32 33 Foreign direct investment in U.S. 1961.9 2050.3 1986.4 2119.9 2149.6 2203.8 2267.1 2361.1 2389.4 2421.6 2448.4 33 34 Pension fund contributions payable 47.2 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 34 35 Other 1856.8 1962.3 2016.0 1803.1 1670.1 1487.1 1343.4 1215.5 1118.4 1008.5 945.2 35 Memo: 36 Trade receivables net of payables 354.4 411.9 468.5 405.8 475.3 518.5 516.0 411.6 496.0 529.3 502.3 36 37 Market value of equities 15730.7 10016.6 12494.6 14423.3 15460.2 15380.3 13062.6 14517.4 16101.0 15555.2 16433.4 37 38 Securities and mortgages 4960.1 5176.3 5478.9 5871.5 5967.2 6075.8 6148.4 6232.5 6347.5 6453.7 6588.9 38 39 Loans and short-term paper 2156.2 2276.5 1743.5 1591.7 1620.3 1661.1 1725.0 1766.1 1752.8 1776.1 1776.7 39 40 Total short-term liabilities (4) 4089.9 3988.1 3366.7 3377.7 3444.5 3533.9 3643.6 3734.3 3764.6 3831.4 3864.0 40 41 Total liquid assets (5) 1519.1 1385.2 1642.6 1673.5 1688.0 1698.9 1665.1 1695.5 1705.4 1693.0 1736.9 41 Analytical measures (percent) 42 Long-term debt/credit market debt 69.7 69.5 75.9 78.7 78.6 78.5 78.1 77.9 78.4 78.4 78.8 42 43 Short-term debt/credit market debt 30.3 30.5 24.1 21.3 21.4 21.5 21.9 22.1 21.6 21.6 21.2 43 44 Liquid assets/short-term liabilities 37.1 34.7 48.8 49.5 49.0 48.1 45.7 45.4 45.3 44.2 44.9 44 (1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues. (2) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds. (3) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216. (4) Sum of lines 24, 27, 28, 30, and 31. Includes loans due in more than one year and excludes current maturities of bonds and mortgages. (5) Sum of lines 2 through 6, lines 8 through 11, and line 14. Z.1, December 6, 2012 71 L.103 Nonfinancial Noncorporate Business Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total financial assets 3595.9 3693.2 3592.3 3454.3 3445.7 3439.9 3436.4 3444.9 3450.3 3450.0 3451.0 1 2 Checkable deposits and currency 515.6 519.4 539.8 519.5 518.5 517.8 517.5 519.0 520.0 520.2 520.5 2 3 Time and savings deposits 359.3 358.1 353.3 339.5 338.5 337.8 337.4 338.1 338.5 338.4 338.4 3 4 Money market fund shares 74.3 75.4 73.7 70.8 70.6 70.5 70.4 70.5 70.6 70.6 70.6 4 5 Credit market instruments 106.7 95.8 89.1 85.7 85.4 85.2 85.1 85.3 85.4 85.4 85.4 5 6 Treasury securities 59.3 51.8 46.1 44.3 44.2 44.1 44.1 44.2 44.2 44.2 44.2 6 7 Municipal securities 5.3 4.9 5.1 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 7 8 Mortgages 42.1 39.1 37.9 36.4 36.3 36.2 36.2 36.3 36.3 36.3 36.3 8 9 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9 10 Trade receivables 525.6 522.7 496.3 476.9 475.6 474.6 473.9 475.0 475.6 475.4 475.4 10 11 Miscellaneous assets 2014.3 2121.8 2040.0 1961.9 1957.1 1953.9 1952.0 1957.0 1960.1 1960.1 1960.7 11 12 Insurance receivables 107.3 111.5 112.4 112.6 113.0 115.2 116.9 119.0 118.8 119.9 120.7 12 13 Equity investment in GSEs (1) 5.0 6.4 6.3 6.7 6.7 6.8 7.0 7.0 7.1 7.0 7.1 13 14 Other 1902.0 2003.9 1921.3 1842.6 1837.4 1831.9 1828.1 1831.0 1834.3 1833.1 1832.9 14 15 Total liabilities 5349.0 5794.5 5709.6 5520.5 5508.4 5504.6 5504.8 5523.7 5537.6 5538.9 5540.6 15 16 Credit market instruments 3774.6 4093.4 3973.3 3774.5 3758.6 3747.4 3740.0 3757.7 3763.9 3768.3 3772.0 16 17 Depository institution loans n.e.c. 926.5 1046.1 944.1 873.7 877.6 892.9 909.0 926.0 953.3 974.3 988.5 17 18 Other loans and advances 165.1 177.4 172.0 174.1 175.7 172.4 170.0 174.7 176.2 177.9 180.3 18 19 Mortgages 2683.0 2869.9 2857.2 2726.8 2705.3 2682.1 2661.0 2657.0 2634.4 2616.1 2603.1 19 20 Trade payables 374.9 380.7 388.3 368.9 367.1 368.0 369.3 367.4 365.5 363.0 361.3 20 21 Taxes payable 99.5 106.2 99.9 95.0 94.6 94.4 94.2 94.5 94.6 94.6 94.6 21 22 Miscellaneous liabilities 1100.0 1214.3 1248.1 1282.1 1288.1 1294.8 1301.3 1304.1 1313.6 1313.0 1312.8 22 (1) Equity in the Farm Credit System. 72 Z.1, December 6, 2012 L.104 State and Local Governments (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total financial assets 2516.7 2356.8 2346.7 2331.2 2294.7 2259.8 2208.4 2192.0 2179.5 2173.7 2203.4 1 2 Checkable deposits and currency 57.1 65.6 84.9 91.5 90.0 95.4 94.2 107.4 104.7 102.5 97.2 2 3 Time and savings deposits 245.9 265.1 275.9 275.5 278.8 274.4 279.9 293.5 311.3 306.1 318.9 3 4 Money market fund shares 116.6 113.3 122.0 129.7 129.8 129.8 127.5 126.3 125.4 124.2 126.5 4 5 Security RPs 132.8 117.2 113.2 107.9 105.1 102.4 100.5 99.6 98.9 98.0 99.8 5 6 Credit market instruments 1534.8 1330.6 1253.8 1287.3 1273.2 1253.1 1211.9 1196.8 1180.8 1179.6 1208.4 6 7 Open market paper 139.3 57.4 -16.0 44.1 55.0 65.9 63.9 68.0 67.1 66.1 68.1 7 8 Treasury securities 588.1 526.7 547.2 538.7 526.0 508.7 487.9 485.2 483.4 489.6 492.2 8 9 Agency- and GSE-backed securities 467.6 431.4 399.7 383.7 373.5 363.2 350.4 336.7 325.9 322.2 339.8 9 10 Municipal securities 9.5 9.4 10.3 11.1 11.1 11.2 11.0 10.9 10.8 10.7 10.9 10 11 Corporate and foreign bonds 149.1 137.8 140.6 142.1 140.5 138.8 136.3 135.2 134.1 132.9 135.3 11 12 Mortgages 181.2 167.9 172.1 167.7 167.2 165.4 162.3 160.8 159.5 158.1 162.1 12 13 Corporate equities 94.5 60.5 80.7 77.7 75.8 74.0 72.7 72.0 71.5 70.8 72.1 13 14 Mutual fund shares 38.4 36.1 37.5 38.6 38.4 38.1 37.4 37.1 36.8 36.5 37.1 14 15 Trade receivables 69.9 47.6 29.0 9.7 4.8 0.0 0.0 0.0 0.0 0.0 0.0 15 16 Taxes receivable 115.7 117.9 111.1 104.7 104.6 110.9 109.7 110.0 111.9 114.1 112.3 16 17 Miscellaneous assets 111.0 203.1 238.5 208.6 194.1 181.8 174.8 149.2 138.3 141.9 131.1 17 18 Total liabilities 3390.9 3448.1 3600.7 3710.3 3700.4 3676.4 3676.3 3697.8 3709.0 3726.0 3728.1 18 19 Credit market instruments 2837.5 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 19 20 Municipal securities 2825.6 2842.7 2954.9 3023.6 3003.6 2969.4 2958.9 2970.0 2970.9 2977.7 2969.7 20 21 Short-term (2) 51.2 55.8 63.6 63.0 60.1 37.6 48.1 52.3 51.9 43.4 55.7 21 22 Long-term 2774.4 2786.9 2891.3 2960.6 2943.5 2931.7 2910.8 2917.6 2919.0 2934.3 2914.0 22 23 U.S. government loans 11.9 12.7 13.5 14.4 14.5 14.7 15.0 15.3 15.4 15.7 15.6 23 24 Trade payables 553.5 592.7 632.3 672.3 682.3 692.4 702.4 712.5 722.6 732.7 742.8 24 (1) Data for employee retirement funds are shown in table L.117. (2) Debt with original maturity of 13 months or less. Z.1, December 6, 2012 73 L.105 Federal Government Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 Total financial assets 681.2 1261.5 1342.7 1564.8 1393.9 1404.8 1328.1 1338.6 1297.6 1363.2 1394.2 1 2 U.S. official reserve assets 36.4 41.9 94.6 95.4 102.1 105.9 105.0 103.9 104.5 103.1 104.7 2 3 Checkable deposits and currency 56.5 368.0 193.6 342.1 117.5 135.5 57.6 84.3 42.0 89.3 83.4 3 4 Time and savings deposits 2.8 1.6 1.9 2.0 1.5 1.7 1.8 1.7 2.0 2.2 2.1 4 5 Credit market instruments 281.1 366.4 661.8 746.9 778.2 757.0 761.6 746.2 755.1 773.8 809.0 5 6 Agency- and GSE-backed securities 0.0 54.4 196.4 149.2 138.4 103.7 70.6 31.1 1.5 0.0 0.0 6 7 Corporate and foreign bonds 0.0 0.0 0.6 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.7 7 8 Other loans and advances 105.8 111.8 177.9 181.4 183.6 180.6 182.4 186.3 188.6 190.2 186.9 8 9 Mortgages 82.4 95.8 108.4 106.6 107.8 109.3 109.3 110.6 111.7 112.2 112.0 9 10 Consumer credit (1) 93.0 104.3 178.6 308.8 347.5 362.4 398.5 417.4 452.6 470.7 509.5 10 11 Corporate equities (2) 0.0 188.7 67.4 49.9 62.1 66.0 59.3 57.8 48.2 43.6 41.1 11 12 Trade receivables 60.6 64.7 43.6 42.9 44.7 47.0 48.2 47.7 49.0 50.6 49.4 12 13 Taxes receivable 105.0 119.4 133.9 144.3 146.7 149.1 151.5 153.9 156.3 158.7 161.1 13 14 Miscellaneous assets 138.7 110.8 145.8 141.4 141.0 142.7 143.1 143.1 140.5 141.9 143.3 14 15 Total liabilities 6537.4 7888.4 9405.9 11079.8 11341.8 11348.5 11856.4 12258.8 12649.9 12860.6 13111.3 15 16 SDR allocations 7.7 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 16 17 SDR certificates 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 17 18 Treasury currency 27.4 26.6 26.2 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 18 19 Credit market instruments 5122.3 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 19 20 Savings bonds 196.4 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 20 21 Treasury bills 999.5 1861.2 1787.9 1768.9 1694.7 1529.4 1475.6 1519.5 1672.6 1594.4 1613.0 21 22 Other Treasury securities 3903.3 4283.0 5802.8 7404.7 7739.9 7998.7 8442.0 8723.7 8970.1 9246.9 9458.9 22 23 Budget agency securities 23.1 23.3 23.5 24.2 24.5 24.5 25.0 25.3 24.4 24.5 24.4 23 24 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24 25 Trade payables 238.2 260.8 204.6 210.8 225.3 231.4 235.2 231.9 241.8 245.9 248.1 25 26 Insurance reserves 45.4 46.4 47.5 48.4 48.5 48.9 49.2 49.7 49.8 50.2 50.1 26 27 Miscellaneous liabilities (3) 1094.2 1183.5 1261.6 1349.4 1335.1 1242.0 1358.1 1438.3 1420.6 1429.6 1447.6 27 28 Nonmarketable securities held by pension plans 952.0 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 28 29 Other 142.2 168.2 184.4 206.5 206.3 199.9 208.8 224.6 223.4 226.1 224.3 29 (1) Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that the government purchased from depository institutions and finance companies. (2) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at market price. (3) 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. [...]... table L.12 6 (6) Included in table L.11 0 line 43 L.12 5 Finance Companies (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 Total financial assets 2 3 Checkable deposits and currency Time and savings deposits 4 Credit market instruments 5 6 7 8 9 10 11 Corporate and foreign bonds Other loans and advances Mortgages Consumer credit Miscellaneous assets Total liabilities Credit. .. (table L.11 5) L.12 0 Mutual Funds (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 Total financial assets 2 Security RPs 3 Credit market instruments 4 5 6 7 8 9 10 11 12 Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Corporate equities Miscellaneous assets Total shares outstanding. .. U.S.-affiliated insular areas L.11 3 Credit Unions Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 Total financial assets 2 Reserves at Federal Reserve 3 Credit market instruments 4 5 6 7 8 9 10 11 12 13 Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Depository institution loans n.e.c Home mortgages Consumer credit Mutual fund... liabilities Security RPs Taxes payable (net) Miscellaneous liabilities L.11 5 Life Insurance Companies Billions of dollars; amounts outstanding end of period, not seasonally adjusted 1 Total financial assets 2 3 4 Checkable deposits and currency Money market fund shares Security RPs 5 Credit market instruments 6 7 8 9 10 11 12 Open market paper Treasury securities Agency- and GSE-backed securities Municipal... included in the life insurance sector (table L.11 5) L.12 1 Closed-End and Exchange-Traded Funds Billions of dollars; amounts outstanding end of period, not seasonally adjusted Closed-end funds 1 2 3 4 5 6 7 Total financial assets Credit market instruments Treasury securities Municipal securities Corporate and foreign bonds Corporate equities Total shares outstanding (liabilities) 316.4 202.9 229.2 243.7... assets of the household sector 84 Z.1, December 6, 2012 L.11 9 Money Market Mutual Funds (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 Q1 1 Total financial assets 2 3 4 5 Foreign deposits Checkable deposits and currency Time and savings deposits Security RPs 6 Credit market instruments 7 8 9 10 11 12 13 Open market paper Treasury securities Agency- and GSE-backed... Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) 89 Z.1, December 6, 2012 L.12 8 Holding Companies (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 Q1 1 Total financial assets 2 3 Time and savings deposits Federal funds and security RPs 4 Credit market instruments 5 6 7 8... (net) 25 Credit market instruments 26 27 28 Open market paper Corporate bonds Other loans and advances 29 Taxes payable (net) 30 31 32 33 34 Miscellaneous liabilities Foreign direct investment in U.S Investment by holding companies Investment by funding corporations Other Memo: 35 Consumer leases not included above (2) (1) U.S.-chartered depository institutions (L.11 0), foreign banking offices (L.11 1),... U.S.-affiliated areas (L.11 2), and credit unions (L.11 3) (2) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities) The leased automobile is a nonfinancial asset 78 Z.1, December 6, 2012 L.11 0 U.S.-Chartered Depository Institutions, Excluding Credit Unions Billions... 15.4 4624.8 15.1 3794.5 13.6 4150.2 13.0 4816.3 17.9 4597.3 17.8 4880.6 18.5 47 48 Memo: 47 48 Market value of corporate equities Equity in noncorporate business (1) Sum of financial sectors shown on tables L.10 8 through L.12 9 76 Z.1, December 6, 2012 L.10 8 Monetary Authority (1) Billions of dollars; amounts outstanding end of period, not seasonally adjusted 2007 Q1 1 Total financial assets 2891.6 2876.7 . 19 116 .5 19 207.3 19 304 .1 19437.4 17 18 Credit market instruments 10 890.8 11 546 .1 111 95.7 11 237.7 11 346.0 11 484.3 11 613 .3 11 756.3 11 864.3 11 998 .1 1 213 7.6 18 19 . liabilities 11 1 811 .0 11 2799.3 11 518 0 .1 118 010 .7 11 9769.2 12 014 6.4 11 9779.5 12 1032.5 12 3246.6 12 34 21. 5 12 411 0.9 19 + Financial assets not included in liabilities: 20