Level from SEC tabulation of submissions of FOCUS reports, Statement of Financial Condition, Ownership Equity, sum of Sole Proprietorship (series F1770) and Partnership-limited partners (series F1780). Capital gains are calculated as the ratio of proprietors' equity in noncorporate business ( FOF series FL662090003) to total net worth of all brokers and dealers ( FOF series FL665080003), multiplied by the sum of capital gains on corporate equity assets ( FOF series FR663064103) and foreign direct investment in the U.S. ( FOF series FR663192003). unadjusted transactions calculated as the change in the level less estimated capital gains. Data for the most recent ten years show no significant seasonality.
Last edited on: 01/06/2014