| F.100 Households and Nonprofit Organizations (1) | ||||||||||||||||||||||
| Billions of dollars; quarterly figures are seasonally adjusted annual rates | ||||||||||||||||||||||
| stock price direction | DOWN | DOWN | DOWN | UP | UP | UP | DOWN | UP | UP | UP | DOWN | |||||||||||
| bond price direction | UP | UP | UP | UP | DOWN | DOWN | UP | DOWN | DOWN | DOWN | DOWN | |||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | |||||||||||||||||
| 1 | Personal income | 8724.1 | 8881.9 | 9163.6 | 9731.4 | 10239.2 | 10048.8 | 10161.5 | 10262.7 | 10483.7 | 10721.4 | 10900.8 | 1 | |||||||||
| 2 | - Personal current taxes | 1237.3 | 1051.8 | 1001.1 | 1049.8 | 1203.1 | 1157.9 | 1191.8 | 1215.0 | 1247.6 | 1332.6 | 1380.5 | 2 | |||||||||
| 3 | = Disposable personal income | 7486.8 | 7830.1 | 8162.5 | 8681.6 | 9036.1 | 8890.9 | 8969.7 | 9047.7 | 9236.1 | 9388.8 | 9520.3 | 3 | |||||||||
| 4 | - Personal outlays | 7354.5 | 7645.3 | 7987.7 | 8507.2 | 9070.9 | 8838.5 | 9000.4 | 9180.3 | 9264.5 | 9418.5 | 9582.6 | 4 | |||||||||
| 5 | = Personal saving, NIPA (2) | 132.3 | 184.7 | 174.9 | 174.3 | -34.8 | 52.5 | -30.8 | -132.6 | -28.5 | -29.7 | -62.2 | 5 | |||||||||
| 6 | + Government insurance and pension reserves (3) | 3.3 | -1.7 | -0.6 | 0.0 | 0.7 | 4.5 | 0.0 | -3.7 | 1.9 | 4.0 | -1.7 | 6 | |||||||||
| 7 | + Net investment in consumer durables | 194.4 | 205.2 | 205.7 | 208.2 | 210.2 | 208.7 | 223.3 | 225.5 | 183.4 | 241.3 | 230.0 | 7 | |||||||||
| 8 | + Consumption of fixed capital | 799.1 | 834.0 | 873.2 | 940.2 | 1036.3 | 962.5 | 979.0 | 1184.5 | 1019.3 | 992.9 | 1007.6 | 8 | |||||||||
| 9 | + Net capital transfers (4) | -36.8 | -30.4 | -14.8 | -15.7 | -16.2 | -15.3 | -16.2 | -16.1 | -17.3 | -18.9 | -17.6 | 9 | |||||||||
| 10 | = Gross saving and net capital transfers | 1092.3 | 1191.8 | 1238.5 | 1307.0 | 1196.2 | 1212.9 | 1155.3 | 1257.6 | 1158.8 | 1189.6 | 1156.1 | 10 | |||||||||
| 11 | Gross investment | 1119.7 | 1060.8 | 1362.6 | 1274.3 | 1092.8 | 1293.2 | 1022.7 | 1101.7 | 953.5 | 1212.0 | 1002.7 | 11 | |||||||||
| 12 | Capital expenditures | 1293.0 | 1363.0 | 1459.0 | 1581.0 | 1715.0 | 1652.9 | 1724.5 | 1750.5 | 1732.2 | 1773.5 | 1762.9 | 12 | |||||||||
| 13 | Residential | 398.2 | 427.7 | 492.7 | 574.0 | 663.5 | 619.7 | 664.7 | 677.3 | 692.4 | 688.3 | 675.1 | 13 | |||||||||
| 14 | Consumer durable goods | 814.2 | 850.4 | 875.1 | 910.2 | 950.6 | 933.2 | 959.5 | 972.6 | 937.2 | 978.1 | 977.2 | 14 | |||||||||
| 15 | Nonprofit nonresidential | 80.6 | 84.9 | 91.2 | 96.8 | 100.9 | 100.0 | 100.3 | 100.7 | 102.5 | 107.1 | 110.6 | 15 | |||||||||
| 16 | Net financial investment | -173.3 | -302.2 | -96.4 | -306.7 | -622.3 | -359.7 | -701.8 | -648.8 | -778.7 | -561.6 | -760.2 | 16 | |||||||||
| 17 | Net acquisition of financial assets | 440.8 | 461.0 | 926.8 | 871.8 | 590.4 | 669.2 | 577.0 | 653.5 | 462.0 | 645.8 | 315.9 | 17 | |||||||||
| 18 | Foreign deposits | 0.4 | 1.3 | 2.2 | 5.4 | 5.2 | 25.2 | -12.6 | 5.5 | 2.8 | 13.7 | 14.4 | 18 | |||||||||
| 19 | Checkable deposits and currency | 69.1 | -2.6 | -58.8 | 32.2 | -2.6 | 214.4 | -75.7 | -159.9 | 10.6 | 22.5 | -44.7 | 19 | |||||||||
| 20 | Time and savings deposits | 269.7 | 324.1 | 335.1 | 337.2 | 385.8 | 536.3 | 258.3 | 572.2 | 176.4 | 480.4 | 314.4 | 20 | |||||||||
| 21 | Money market fund shares | 153.4 | -43.2 | -110.1 | -56.4 | 53.9 | -47.0 | 31.9 | 121.3 | 109.2 | 101.5 | 152.2 | 21 | |||||||||
| 22 | Credit market instruments | -98.8 | 55.4 | 137.3 | 209.2 | 214.0 | -185.9 | 300.9 | 384.4 | 356.6 | 180.6 | -151.0 | 22 | |||||||||
| 23 | Open market paper | 0.0 | 13.1 | -4.5 | 30.2 | 28.1 | 5.2 | 57.3 | 27.4 | 22.7 | 20.4 | 25.9 | 23 | |||||||||
| 24 | Treasury securities | -76.5 | -105.7 | 30.0 | 65.9 | -109.1 | 59.4 | -229.3 | 40.5 | -306.9 | 543.8 | -267.3 | 24 | |||||||||
| 25 | Savings bonds | 5.6 | 4.5 | 8.9 | 0.6 | 0.7 | -0.2 | 0.3 | -1.1 | 3.8 | 3.8 | -2.7 | 25 | |||||||||
| 26 | Other | -82.1 | -110.2 | 21.0 | 65.3 | -109.8 | 59.5 | -229.6 | 41.6 | -310.7 | 539.9 | -264.6 | 26 | |||||||||
| 27 | Agency- and GSE-backed securities | -117.4 | -157.8 | 151.5 | 77.8 | 218.0 | -81.6 | 294.9 | 435.4 | 223.4 | -67.9 | 98.6 | 27 | |||||||||
| 28 | Municipal securities | 49.9 | 97.6 | 29.1 | 33.2 | 75.8 | 33.0 | 77.8 | 99.9 | 92.6 | -23.2 | 94.6 | 28 | |||||||||
| 29 | Corporate and foreign bonds | 37.1 | 197.5 | -80.4 | -10.4 | -11.9 | -214.4 | 86.1 | -232.3 | 312.9 | -306.9 | -118.7 | 29 | |||||||||
| 30 | Mortgages | 8.1 | 10.9 | 11.6 | 12.4 | 13.0 | 12.5 | 14.2 | 13.5 | 11.9 | 14.4 | 15.9 | 30 | |||||||||
| 31 | Corporate equities (5) | -475.7 | -143.2 | -2.9 | -201.9 | -412.3 | -323.9 | -338.2 | -498.2 | -488.9 | -818.8 | -524.2 | 31 | |||||||||
| 32 | Mutual fund shares | 155.2 | 119.6 | 268.9 | 261.0 | 266.4 | 400.2 | 235.4 | 215.1 | 214.9 | 445.4 | 250.5 | 32 | |||||||||
| 33 | Security credit | 41.9 | -41.6 | 62.7 | 103.0 | -10.9 | -35.8 | 55.2 | -19.2 | -43.7 | 124.5 | 152.5 | 33 | |||||||||
| 34 | Life insurance reserves | 77.2 | 60.1 | 66.8 | 33.1 | 16.1 | 15.2 | 18.1 | 20.0 | 10.9 | 3.3 | 12.5 | 34 | |||||||||
| 35 | Pension fund reserves | 253.3 | 183.3 | 163.4 | 164.2 | 110.0 | 84.5 | 158.9 | 31.0 | 165.5 | 113.3 | 159.0 | 35 | |||||||||
| 36 | Equity in noncorporate business | -23.4 | -82.7 | 20.2 | -56.0 | -63.5 | -43.9 | -86.1 | -93.4 | -30.7 | -52.5 | -41.9 | 36 | |||||||||
| 37 | Miscellaneous assets | 18.5 | 30.6 | 42.0 | 40.9 | 28.4 | 29.9 | 30.9 | 74.7 | -21.7 | 31.8 | 22.2 | 37 | |||||||||
| 38 | Net increase in liabilities | 614.1 | 763.1 | 1023.2 | 1178.5 | 1212.7 | 1028.8 | 1278.9 | 1302.3 | 1240.7 | 1207.4 | 1076.1 | 38 | |||||||||
| 39 | Credit market instruments | 655.2 | 808.4 | 986.0 | 1093.4 | 1241.4 | 1017.5 | 1284.3 | 1325.4 | 1338.4 | 1135.9 | 1096.8 | 39 | |||||||||
| 40 | Home mortgages (6) | 484.6 | 683.9 | 854.5 | 962.1 | 1080.0 | 856.8 | 1067.7 | 1225.9 | 1169.6 | 955.5 | 819.6 | 40 | |||||||||
| 41 | Consumer credit | 156.4 | 108.0 | 105.5 | 114.6 | 89.0 | 101.8 | 109.0 | 100.1 | 45.3 | 59.0 | 153.2 | 41 | |||||||||
| 42 | Municipal securities | 13.8 | 12.9 | 14.1 | 10.3 | 16.5 | 15.7 | 14.6 | 14.9 | 20.7 | 9.3 | 29.7 | 42 | |||||||||
| 43 | Bank loans n.e.c. | -21.7 | -22.6 | -2.6 | -15.7 | 23.8 | 18.2 | 53.6 | -30.6 | 54.2 | 74.5 | 53.9 | 43 | |||||||||
| 44 | Other loans and advances | 0.5 | 0.2 | -1.6 | 0.4 | 0.0 | -2.5 | 2.1 | -1.9 | 2.3 | 2.4 | -1.2 | 44 | |||||||||
| 45 | Commercial mortgages | 21.5 | 26.0 | 16.1 | 21.8 | 32.1 | 27.4 | 37.4 | 17.1 | 46.4 | 35.2 | 41.6 | 45 | |||||||||
| 46 | Security credit | -38.8 | -48.2 | 34.3 | 81.5 | -31.7 | 8.2 | -10.2 | -22.0 | -102.8 | 68.6 | -23.1 | 46 | |||||||||
| 47 | Trade payables | -1.9 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 47 | |||||||||
| Deferred and unpaid | ||||||||||||||||||||||
| 48 | life insurance premiums | -0.4 | 0.9 | 0.9 | 1.6 | 1.0 | 1.1 | 2.8 | -3.1 | 3.1 | 0.9 | 0.5 | 48 | |||||||||
| 49 | Discrepancy | -27.5 | 131.0 | -124.1 | 32.7 | 103.4 | -80.4 | 132.7 | 155.9 | 205.3 | -22.4 | 153.3 | 49 | |||||||||
| (1) Sector includes farm households. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end outstandings of nonprofit organizations. | ||||||||||||||||||||||
| (2) See table F.10 for derivation of alternative measures of personal saving. | ||||||||||||||||||||||
| (3) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. | ||||||||||||||||||||||
| (4) Table F.9, line 13 plus line 4 less lines 3 and 9. | ||||||||||||||||||||||
| (5) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 32) and life insurance and pension reserves (lines 34 and 35). | ||||||||||||||||||||||
| (6) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table F.218, line 22. | ||||||||||||||||||||||
