F.213 Corporate Equities (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 Net issues 98.3 46.4 138.7 66.5 -153.6 -33.5 -126.9 -305.5 -148.4 -384.5 -403.8 1
2 Nonfinancial corporate business -48.1 -41.6 -42.0 -126.6 -363.6 -264.3 -300.1 -469.9 -420.0 -558.0 -554.8 2
3 Rest of the world (2) 109.1 17.0 118.0 84.8 142.1 160.2 98.5 138.7 171.2 164.2 69.7 3
4 Financial sectors 37.3 71.0 62.7 108.3 67.9 70.6 74.8 25.7 100.4 9.3 81.3 4
5 Commercial banking -8.1 -10.7 -2.4 17.6 -13.8 -22.1 11.3 -25.0 -19.4 -26.6 -13.4 5
6 Property-casualty insurance companies 0.5 6.2 4.1 -4.0 -2.8 -3.6 -5.0 -4.4 1.6 -5.9 -6.9 6
7 Life insurance companies -0.9 -6.5 -3.9 -17.3 -8.0 -13.8 -5.0 -5.6 -7.4 -23.1 -29.4 7
8 Closed-end funds 1.9 18.1 43.9 32.8 20.0 40.6 26.1 16.6 -3.1 4.3 23.9 8
9 Exchange-traded funds 31.0 45.3 15.8 55.0 53.9 35.7 40.6 12.6 126.7 30.5 88.9 9
10 REITs 6.1 8.4 13.3 21.5 16.1 10.7 20.1 23.7 9.9 18.2 17.2 10
11 Brokers and dealers 6.7 10.2 -8.0 2.6 2.5 23.2 -13.2 7.9 -7.7 11.8 1.1 11
12 Net purchases 98.3 46.4 138.7 66.5 -153.6 -33.5 -126.9 -305.5 -148.4 -384.5 -403.8 12
13 Household sector -475.7 -143.2 -2.9 -201.9 -412.3 -323.9 -338.2 -498.2 -488.9 -818.8 -524.2 13
14 State and local governments 4.0 10.3 -17.5 -5.0 -0.9 14.1 -8.7 -6.8 -2.4 -15.9 12.0 14
15 Rest of the world (3) 121.5 54.1 34.0 61.8 86.6 71.1 53.0 126.3 96.0 223.6 16.8 15
16 Commercial banking 0.2 -0.6 2.3 -0.2 0.0 -0.9 4.3 -2.3 -1.2 1.9 -2.9 16
17 Savings institutions 3.2 2.0 -1.0 -1.1 -1.0 -1.7 -0.9 -1.1 -0.1 -3.0 -0.9 17
18 Property-casualty insurance companies -0.3 -1.1 -2.7 -3.5 -5.8 -1.0 -4.6 -6.0 -11.5 -3.2 -11.6 18
19 Life insurance companies 70.2 52.7 45.5 51.5 65.9 73.8 42.9 82.4 64.4 61.6 46.0 19
20 Private pension funds 104.0 -71.7 -99.6 -68.0 -87.1 -97.1 -43.0 -98.4 -109.8 -56.4 -64.3 20
21 State and local govt. retirement funds 115.1 50.2 -0.6 -22.6 -12.7 -4.7 -5.9 -38.0 -2.3 -40.8 -16.4 21
22 Federal government retirement funds -0.6 8.2 17.5 9.1 7.0 5.5 2.5 8.3 11.5 8.9 -3.1 22
23 Mutual funds 109.8 31.4 136.8 158.5 129.4 145.3 130.1 128.5 113.9 204.5 94.0 23
24 Closed-end funds -1.3 9.4 7.6 21.7 18.5 34.2 22.0 17.4 0.3 -5.8 5.4 24
25 Exchange-traded funds 31.0 41.6 15.1 51.2 47.1 24.0 37.1 5.5 121.9 27.5 79.7 25
26 Brokers and dealers 17.3 3.2 4.1 15.2 11.8 27.9 -17.6 -23.1 59.9 31.4 -34.3 26
 (1) Excludes mutual fund shares shown on table F.214.      
 (2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).      
 (3) Net purchases of U.S. issues by foreign residents.