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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 State and Local Government Net Saving, 1987-2007
Percent of nominal GDP
Period Nonfederal saving
1987:Q1 0.13
1987:Q2 0.41
1987:Q3 0.25
1987:Q4 0.25
1988:Q1 0.27
1988:Q2 0.26
1988:Q3 0.41
1988:Q4 0.45
1989:Q1 0.49
1989:Q2 0.50
1989:Q3 0.41
1989:Q4 0.12
1990:Q1 0.28
1990:Q2 0.17
1990:Q3 0.10
1990:Q4 -0.05
1991:Q1 -0.12
1991:Q2 -0.10
1991:Q3 0.00
1991:Q4 -0.05
1992:Q1 0.00
1992:Q2 0.03
1992:Q3 -0.06
1992:Q4 0.07
1993:Q1 -0.15
1993:Q2 -0.03
1993:Q3 -0.01
1993:Q4 0.23
1994:Q1 0.06
1994:Q2 0.09
1994:Q3 0.25
1994:Q4 0.19
1995:Q1 0.14
1995:Q2 0.01
1995:Q3 0.18
1995:Q4 0.32
1996:Q1 0.31
1996:Q2 0.28
1996:Q3 0.35
1996:Q4 0.38
1997:Q1 0.36
1997:Q2 0.44
1997:Q3 0.53
1997:Q4 0.54
1998:Q1 0.56
1998:Q2 0.54
1998:Q3 0.56
1998:Q4 0.70
1999:Q1 0.54
1999:Q2 0.49
1999:Q3 0.56
1999:Q4 0.58
2000:Q1 0.58
2000:Q2 0.60
2000:Q3 0.49
2000:Q4 0.35
2001:Q1 0.32
2001:Q2 0.25
2001:Q3 -0.08
2001:Q4 -0.30
2002:Q1 -0.34
2002:Q2 -0.34
2002:Q3 -0.30
2002:Q4 -0.33
2003:Q1 -0.57
2003:Q2 -0.25
2003:Q3 -0.07
2003:Q4 0.13
2004:Q1 -0.07
2004:Q2 -0.02
2004:Q3 -0.10
2004:Q4 0.24
2005:Q1 0.26
2005:Q2 0.21
2005:Q3 0.04
2005:Q4 -0.02
2006:Q1 0.27
2006:Q2 0.32
2006:Q3 0.09
2006:Q4 0.06
2007:Q1 -0.04
2007:Q2 0.10
2007:Q3 -0.09

Note: The data, which are quarterly, are on a national income and product account basis and extend through 2007:Q3.

Source: Department of Commerce, Bureau of Economic Analysis.

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