Annual transactions computed as gross investment in nonresidential software of depository institutions and other intermediation (unpublished BEA data) multiplied by the ratio of banks in U.S.-affiliated areas' fixed assets ( FOF series FL745013103) to total depository institutions' fixed assets (sum of FOF series FL765013105, FL755013103, FL745013103, and FL475013103). Annual transactions are converted to seasonally adjusted quarterly transactions by calculating the ratio of the above series to annual data on private domestic investment in software (a portion of NIPA, Table 1.1.5 Gross Domestic Product, line 12, Private domestic, Nonresidential, Intellectual property products); multiplied by quarterly data on private domestic investment in software (a portion of line 12, Private domestic, Nonresidential, Intellectual property products). Unadjusted transactions are calculated as transactions at a seasonally adjusted annual rate divided by 4. Series has no levels.
Last edited on: 09/18/2013