Annual transactions computed as the consumption of fixed capital of nonresidential equipment of depository institutions and other intermediation (unpublished BEA data) multiplied by the ratio of U.S.-chartered depository institutions fixed assets ( series FL765013105) to total depository institutions' fixed assets (sum of series FL765013105, FL755013103, FL745013103, and FL475013103). Annual transactions are converted to seasonally adjusted quarterly transactions by calculating the ratio of the series above to financial corporations consumption of fixed capital ( NIPA table 1.14 Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial Domestic Corporate Business in Current and Chained Dollars, line 2, Gross value added of corporate business, Consumption of fixed capital less line 18, Gross value added of nonfinancial corporate business, Consumption of fixed capital (annual)); multiplied by financial corporations consumption of fixed capital, defined above (quarterly). Unadjusted transactions are calculated as transactions at a seasonally adjusted annual rate divided by 4. Series has no levels.
Last edited on: 08/29/2013