Year-end level from SOI Bulletin, annual article on Partnership Returns, table Balance Sheet, by Profit Status and Selected Industrial Group, lines Tax-exempt securities (total for all industries except Agriculture, forestry, fishing and hunting, and Finance and insurance). Series is converted to quarterly by linear interpolation. The proportion of municipal securities to bank loans n.e.c. and mortgage liabilities calculated from the latest SOI date is used to estimate data for quarters going forward. Capital gains are estimated based on the Merrill Lynch Municipal Master par weighted price index. Transactions are the change in the level less capital gains; data for the most recent ten years show no significant seasonality.
Last edited on: 04/23/2020