Level is calculated as approximately 50 percent of ICI Supplementary Data available by subscription, table Composition of Net Assets for Equity, Hybrid, and Bond Funds, Cash and Receivables Minus Liabilities; less an adjustment for variable annuity plans which are included in FOF life insurance sector. The adjustment is calculated from ICI data available by subscription, Monthly Trends Supplement, table 30B Variable Annuity, column Total Long-Term Funds, Total Net Assets; multiplied by the one half the portion of the 2001:Q3 total that is in cash. Unadjusted flow is the change in the level; seasonally adjusted flow is obtained using X-12-ARIMA procedure.
