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Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act

Table for figure of Net Saving, 1987-2007
Percent of nominal GDP
Period Nonfederal saving Federal saving Total
1987:Q1 8.33 -3.91 4.40
1987:Q2 7.29 -2.69 4.60
1987:Q3 7.83 -2.82 5.00
1987:Q4 8.59 -2.85 5.70
1988:Q1 8.71 -2.88 5.80
1988:Q2 8.85 -2.59 6.20
1988:Q3 8.95 -2.49 6.40
1988:Q4 8.91 -2.60 6.30
1989:Q1 8.80 -2.08 6.70
1989:Q2 8.01 -2.36 5.70
1989:Q3 7.50 -2.52 5.00
1989:Q4 7.13 -2.52 4.60
1990:Q1 7.59 -2.95 4.70
1990:Q2 7.92 -2.96 5.00
1990:Q3 7.03 -2.82 4.20
1990:Q4 7.10 -3.13 4.00
1991:Q1 7.79 -2.69 5.10
1991:Q2 7.43 -3.55 3.90
1991:Q3 7.24 -3.85 3.40
1991:Q4 7.69 -4.14 3.60
1992:Q1 8.40 -4.66 3.80
1992:Q2 8.47 -4.64 3.90
1992:Q3 7.07 -4.95 2.10
1992:Q4 7.26 -4.52 2.80
1993:Q1 7.47 -4.60 2.90
1993:Q2 7.12 -4.05 3.10
1993:Q3 6.48 -4.11 2.40
1993:Q4 6.56 -3.69 2.90
1994:Q1 5.78 -3.36 2.50
1994:Q2 6.37 -2.71 3.70
1994:Q3 6.49 -2.97 3.60
1994:Q4 6.75 -2.98 3.80
1995:Q1 7.22 -2.95 4.30
1995:Q2 6.62 -2.66 4.00
1995:Q3 6.76 -2.67 4.10
1995:Q4 6.61 -2.38 4.30
1996:Q1 6.80 -2.39 4.40
1996:Q2 6.50 -1.84 4.70
1996:Q3 6.59 -1.69 4.90
1996:Q4 6.46 -1.36 5.10
1997:Q1 6.40 -1.10 5.30
1997:Q2 6.70 -0.84 5.90
1997:Q3 6.54 -0.42 6.10
1997:Q4 6.49 -0.35 6.10
1998:Q1 6.43 0.15 6.60
1998:Q2 6.08 0.33 6.40
1998:Q3 6.05 0.69 6.70
1998:Q4 5.68 0.59 6.20
1999:Q1 6.04 0.88 6.90
1999:Q2 5.00 1.14 6.10
1999:Q3 4.51 1.16 5.60
1999:Q4 4.73 1.29 6.00
2000:Q1 4.35 2.21 6.40
2000:Q2 4.22 1.85 6.00
2000:Q3 4.10 1.94 5.90
2000:Q4 3.38 1.73 5.00
2001:Q1 3.47 1.56 4.90
2001:Q2 3.06 1.22 4.20
2001:Q3 3.98 -0.87 3.10
2001:Q4 2.50 -0.05 2.40
2002:Q1 4.47 -2.02 2.40
2002:Q2 4.47 -2.31 2.10
2002:Q3 3.93 -2.35 1.60
2002:Q4 4.14 -2.78 1.40
2003:Q1 3.51 -2.71 0.80
2003:Q2 4.35 -3.37 1.00
2003:Q3 5.00 -4.07 0.90
2003:Q4 5.14 -3.40 1.70
2004:Q1 5.17 -3.60 1.60
2004:Q2 4.91 -3.22 1.70
2004:Q3 4.29 -3.07 1.20
2004:Q4 4.56 -2.81 1.70
2005:Q1 4.46 -2.45 2.00
2005:Q2 4.19 -2.33 1.80
2005:Q3 2.14 -3.14 -1.00
2005:Q4 3.51 -2.31 1.20
2006:Q1 4.01 -1.69 2.30
2006:Q2 3.82 -1.82 2.00
2006:Q3 3.18 -1.80 1.40
2006:Q4 3.30 -1.36 1.90
2007:Q1 3.15 -1.61 1.50
2007:Q2 3.17 -1.50 1.70
2007:Q3 2.96 -1.66 1.30

Note: The data are quarterly and extend through 2007:Q3. Nonfederal saving is the sum of personal and net business saving and the net saving of state and local governments.

Source: Department of Commerce, Bureau of Economic Analysis.

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