Board of Governors of the Federal Reserve System

Year-end stocks outstanding from BEA, Fixed Asset Table 4.3 Historical-Cost Net Stock of Private Nonresidential Fixed Assets by Industry Group and Legal Form of Organization; line 38, Corporate, Nonfinancial, Equipment. Other quarter's stocks outstanding are derived from year-end stocks outstanding, plus the quarterly unadjusted transactions calculated as current cost gross investment (FOF series FU105013023) less historical cost depreciation. Historical cost depreciation is calculated as 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 18, Consumption of fixed capital (quarterly), multiplied by the ratio of Fixed Asset Table 4.6 Historical-Cost Depreciation of Private Nonresidential Fixed Assets by Industry Group and Legal Form of Organization, line 38, Corporate, Nonfinancial, Equipment, divided by 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 18, Consumption of fixed capital (annual). Unadjusted transactions are the change in stocks outstandings. Data for the most recent ten years show no significant seasonality.